id	sid	tid	token	lemma	pos
ajfa-3759	1	1	microsoft	microsoft	PROPN
ajfa-3759	1	2	word	word	NOUN
ajfa-3759	1	3	3666-13814-1-sm-new.doc	3666-13814-1-sm-new.doc	NUM
ajfa-3759	1	4	asian	asian	ADJ
ajfa-3759	1	5	journal	journal	NOUN
ajfa-3759	1	6	of	of	ADP
ajfa-3759	1	7	finance	finance	PROPN
ajfa-3759	1	8	&	&	CCONJ
ajfa-3759	1	9	accounting	accounting	PROPN
ajfa-3759	1	10	issn	issn	PROPN
ajfa-3759	1	11	1946	1946	NUM
ajfa-3759	1	12	-	-	PUNCT
ajfa-3759	1	13	052x	052x	NOUN
ajfa-3759	1	14	2013	2013	NUM
ajfa-3759	1	15	,	,	PUNCT
ajfa-3759	1	16	vol	vol	NOUN
ajfa-3759	1	17	.	.	PROPN
ajfa-3759	1	18	5	5	NUM
ajfa-3759	1	19	,	,	PUNCT
ajfa-3759	1	20	no	no	INTJ
ajfa-3759	1	21	.	.	NOUN
ajfa-3759	1	22	2	2	NUM
ajfa-3759	1	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3759	1	24	203	203	NUM
ajfa-3759	1	25	the	the	DET
ajfa-3759	1	26	volatility	volatility	NOUN
ajfa-3759	1	27	of	of	ADP
ajfa-3759	1	28	market	market	NOUN
ajfa-3759	1	29	risk	risk	NOUN
ajfa-3759	1	30	in	in	ADP
ajfa-3759	1	31	viet	viet	PROPN
ajfa-3759	1	32	nam	nam	PROPN
ajfa-3759	1	33	listed	list	VERB
ajfa-3759	1	34	consumer	consumer	NOUN
ajfa-3759	1	35	good	good	NOUN
ajfa-3759	1	36	,	,	PUNCT
ajfa-3759	1	37	wholesale	wholesale	ADJ
ajfa-3759	1	38	and	and	CCONJ
ajfa-3759	1	39	retail	retail	ADJ
ajfa-3759	1	40	company	company	NOUN
ajfa-3759	1	41	groups	group	NOUN
ajfa-3759	1	42	during	during	ADP
ajfa-3759	1	43	and	and	CCONJ
ajfa-3759	1	44	after	after	ADP
ajfa-3759	1	45	the	the	DET
ajfa-3759	1	46	financial	financial	ADJ
ajfa-3759	1	47	crisis	crisis	NOUN
ajfa-3759	1	48	dinh	dinh	PROPN
ajfa-3759	1	49	tran	tran	PROPN
ajfa-3759	1	50	ngoc	ngoc	PROPN
ajfa-3759	1	51	huy	huy	PROPN
ajfa-3759	1	52	banking	banking	PROPN
ajfa-3759	1	53	university	university	PROPN
ajfa-3759	1	54	,	,	PUNCT
ajfa-3759	1	55	hcmc	hcmc	PROPN
ajfa-3759	1	56	–	–	PUNCT
ajfa-3759	1	57	gsim	gsim	PROPN
ajfa-3759	1	58	,	,	PUNCT
ajfa-3759	1	59	intl	intl	PROPN
ajfa-3759	1	60	.	.	PUNCT
ajfa-3759	2	1	university	university	PROPN
ajfa-3759	2	2	of	of	ADP
ajfa-3759	2	3	japan	japan	PROPN
ajfa-3759	2	4	,	,	PUNCT
ajfa-3759	2	5	japan	japan	PROPN
ajfa-3759	2	6	e	e	PROPN
ajfa-3759	2	7	-	-	NOUN
ajfa-3759	2	8	mail	mail	NOUN
ajfa-3759	2	9	:	:	PUNCT
ajfa-3759	2	10	dtnhuy2010@gmail.com	dtnhuy2010@gmail.com	PROPN
ajfa-3759	2	11	received	receive	VERB
ajfa-3759	2	12	:	:	PUNCT
ajfa-3759	2	13	may	may	AUX
ajfa-3759	2	14	25	25	NUM
ajfa-3759	2	15	,	,	PUNCT
ajfa-3759	2	16	2013	2013	NUM
ajfa-3759	2	17	accepted	accept	VERB
ajfa-3759	2	18	:	:	PUNCT
ajfa-3759	2	19	july	july	PROPN
ajfa-3759	2	20	25	25	NUM
ajfa-3759	2	21	,	,	PUNCT
ajfa-3759	2	22	2013	2013	NUM
ajfa-3759	2	23	published	publish	VERB
ajfa-3759	2	24	:	:	PUNCT
ajfa-3759	2	25	december	december	PROPN
ajfa-3759	2	26	1	1	NUM
ajfa-3759	2	27	,	,	PUNCT
ajfa-3759	2	28	2013	2013	NUM
ajfa-3759	2	29	doi:10.5296	doi:10.5296	NOUN
ajfa-3759	2	30	/	/	SYM
ajfa-3759	2	31	ajfa.v5i2.3759	ajfa.v5i2.3759	NUM
ajfa-3759	2	32	url	url	PROPN
ajfa-3759	2	33	:	:	PUNCT
ajfa-3759	2	34	http://dx.doi.org/10.5296/ajfa.v5i2.3759	http://dx.doi.org/10.5296/ajfa.v5i2.3759	X
ajfa-3759	2	35	abstract	abstract	ADP
ajfa-3759	2	36	the	the	DET
ajfa-3759	2	37	viet	viet	PROPN
ajfa-3759	2	38	nam	nam	NOUN
ajfa-3759	2	39	economy	economy	NOUN
ajfa-3759	2	40	and	and	CCONJ
ajfa-3759	2	41	especially	especially	ADV
ajfa-3759	2	42	,	,	PUNCT
ajfa-3759	2	43	the	the	DET
ajfa-3759	2	44	stock	stock	NOUN
ajfa-3759	2	45	exchange	exchange	NOUN
ajfa-3759	2	46	has	have	AUX
ajfa-3759	2	47	been	be	AUX
ajfa-3759	2	48	influenced	influence	VERB
ajfa-3759	2	49	by	by	ADP
ajfa-3759	2	50	the	the	DET
ajfa-3759	2	51	global	global	ADJ
ajfa-3759	2	52	crisis	crisis	NOUN
ajfa-3759	2	53	during	during	ADP
ajfa-3759	2	54	the	the	DET
ajfa-3759	2	55	period	period	NOUN
ajfa-3759	2	56	2007	2007	NUM
ajfa-3759	2	57	-	-	SYM
ajfa-3759	2	58	201	201	NUM
ajfa-3759	2	59	.	.	PUNCT
ajfa-3759	3	1	for	for	ADP
ajfa-3759	3	2	specific	specific	ADJ
ajfa-3759	3	3	industries	industry	NOUN
ajfa-3759	3	4	,	,	PUNCT
ajfa-3759	3	5	such	such	ADJ
ajfa-3759	3	6	as	as	ADP
ajfa-3759	3	7	consumer	consumer	NOUN
ajfa-3759	3	8	good	good	ADJ
ajfa-3759	3	9	and	and	CCONJ
ajfa-3759	3	10	wholesale	wholesale	ADJ
ajfa-3759	3	11	/	/	SYM
ajfa-3759	3	12	retail	retail	NOUN
ajfa-3759	3	13	industries	industry	NOUN
ajfa-3759	3	14	,	,	PUNCT
ajfa-3759	3	15	the	the	DET
ajfa-3759	3	16	risk	risk	NOUN
ajfa-3759	3	17	re	re	NOUN
ajfa-3759	3	18	-	-	NOUN
ajfa-3759	3	19	analysis	analysis	NOUN
ajfa-3759	3	20	and	and	CCONJ
ajfa-3759	3	21	estimation	estimation	NOUN
ajfa-3759	3	22	for	for	ADP
ajfa-3759	3	23	the	the	DET
ajfa-3759	3	24	listed	list	VERB
ajfa-3759	3	25	firms	firm	NOUN
ajfa-3759	3	26	in	in	ADP
ajfa-3759	3	27	these	these	DET
ajfa-3759	3	28	industries	industry	NOUN
ajfa-3759	3	29	become	become	VERB
ajfa-3759	3	30	necessary	necessary	ADJ
ajfa-3759	3	31	.	.	PUNCT
ajfa-3759	4	1	first	first	ADV
ajfa-3759	4	2	,	,	PUNCT
ajfa-3759	4	3	by	by	ADP
ajfa-3759	4	4	using	use	VERB
ajfa-3759	4	5	quantitative	quantitative	ADJ
ajfa-3759	4	6	and	and	CCONJ
ajfa-3759	4	7	analytical	analytical	ADJ
ajfa-3759	4	8	methods	method	NOUN
ajfa-3759	4	9	to	to	PART
ajfa-3759	4	10	estimate	estimate	VERB
ajfa-3759	4	11	asset	asset	NOUN
ajfa-3759	4	12	and	and	CCONJ
ajfa-3759	4	13	equity	equity	NOUN
ajfa-3759	4	14	beta	beta	NOUN
ajfa-3759	4	15	of	of	ADP
ajfa-3759	4	16	three	three	NUM
ajfa-3759	4	17	(	(	PUNCT
ajfa-3759	4	18	3	3	NUM
ajfa-3759	4	19	)	)	PUNCT
ajfa-3759	4	20	groups	group	NOUN
ajfa-3759	4	21	of	of	ADP
ajfa-3759	4	22	sub	sub	ADJ
ajfa-3759	4	23	-	-	ADJ
ajfa-3759	4	24	trading	trading	ADJ
ajfa-3759	4	25	listed	list	VERB
ajfa-3759	4	26	companies	company	NOUN
ajfa-3759	4	27	in	in	ADP
ajfa-3759	4	28	viet	viet	PROPN
ajfa-3759	4	29	nam	nam	PROPN
ajfa-3759	4	30	material	material	NOUN
ajfa-3759	4	31	,	,	PUNCT
ajfa-3759	4	32	consumer	consumer	NOUN
ajfa-3759	4	33	good	good	NOUN
ajfa-3759	4	34	,	,	PUNCT
ajfa-3759	4	35	wholesale	wholesale	ADJ
ajfa-3759	4	36	and	and	CCONJ
ajfa-3759	4	37	retail	retail	ADJ
ajfa-3759	4	38	industries	industry	NOUN
ajfa-3759	4	39	with	with	ADP
ajfa-3759	4	40	a	a	DET
ajfa-3759	4	41	proper	proper	ADJ
ajfa-3759	4	42	traditional	traditional	ADJ
ajfa-3759	4	43	model	model	NOUN
ajfa-3759	4	44	,	,	PUNCT
ajfa-3759	4	45	we	we	PRON
ajfa-3759	4	46	found	find	VERB
ajfa-3759	4	47	out	out	ADP
ajfa-3759	4	48	that	that	SCONJ
ajfa-3759	4	49	the	the	DET
ajfa-3759	4	50	beta	beta	ADJ
ajfa-3759	4	51	values	value	NOUN
ajfa-3759	4	52	,	,	PUNCT
ajfa-3759	4	53	in	in	ADP
ajfa-3759	4	54	general	general	ADJ
ajfa-3759	4	55	,	,	PUNCT
ajfa-3759	4	56	for	for	SCONJ
ajfa-3759	4	57	most	most	ADJ
ajfa-3759	4	58	companies	company	NOUN
ajfa-3759	4	59	are	be	AUX
ajfa-3759	4	60	acceptable	acceptable	ADJ
ajfa-3759	4	61	,	,	PUNCT
ajfa-3759	4	62	excluding	exclude	VERB
ajfa-3759	4	63	a	a	DET
ajfa-3759	4	64	few	few	ADJ
ajfa-3759	4	65	cases	case	NOUN
ajfa-3759	4	66	.	.	PUNCT
ajfa-3759	5	1	there	there	PRON
ajfa-3759	5	2	are	be	VERB
ajfa-3759	5	3	72	72	NUM
ajfa-3759	5	4	%	%	NOUN
ajfa-3759	5	5	of	of	ADP
ajfa-3759	5	6	listed	list	VERB
ajfa-3759	5	7	firms	firm	NOUN
ajfa-3759	5	8	with	with	ADP
ajfa-3759	5	9	lower	low	ADJ
ajfa-3759	5	10	risk	risk	NOUN
ajfa-3759	5	11	,	,	PUNCT
ajfa-3759	5	12	among	among	ADP
ajfa-3759	5	13	total	total	ADJ
ajfa-3759	5	14	229	229	NUM
ajfa-3759	5	15	firms	firm	NOUN
ajfa-3759	5	16	,	,	PUNCT
ajfa-3759	5	17	whose	whose	DET
ajfa-3759	5	18	beta	beta	ADJ
ajfa-3759	5	19	values	value	NOUN
ajfa-3759	5	20	lower	low	ADJ
ajfa-3759	5	21	than	than	ADP
ajfa-3759	5	22	(	(	PUNCT
ajfa-3759	5	23	<	<	X
ajfa-3759	5	24	)	)	PUNCT
ajfa-3759	5	25	1	1	NUM
ajfa-3759	5	26	.	.	PUNCT
ajfa-3759	5	27	second	second	ADJ
ajfa-3759	5	28	,	,	PUNCT
ajfa-3759	5	29	through	through	ADP
ajfa-3759	5	30	comparison	comparison	NOUN
ajfa-3759	5	31	of	of	ADP
ajfa-3759	5	32	beta	beta	ADJ
ajfa-3759	5	33	values	value	NOUN
ajfa-3759	5	34	among	among	ADP
ajfa-3759	5	35	three	three	NUM
ajfa-3759	5	36	(	(	PUNCT
ajfa-3759	5	37	3	3	NUM
ajfa-3759	5	38	)	)	PUNCT
ajfa-3759	5	39	above	above	ADP
ajfa-3759	5	40	industries	industry	NOUN
ajfa-3759	5	41	,	,	PUNCT
ajfa-3759	5	42	we	we	PRON
ajfa-3759	5	43	recognized	recognize	VERB
ajfa-3759	5	44	there	there	PRON
ajfa-3759	5	45	are	be	VERB
ajfa-3759	5	46	still	still	ADV
ajfa-3759	5	47	26	26	NUM
ajfa-3759	5	48	%	%	NOUN
ajfa-3759	5	49	of	of	ADP
ajfa-3759	5	50	total	total	ADJ
ajfa-3759	5	51	listed	list	VERB
ajfa-3759	5	52	firms	firm	NOUN
ajfa-3759	5	53	in	in	ADP
ajfa-3759	5	54	the	the	DET
ajfa-3759	5	55	above	above	ADJ
ajfa-3759	5	56	group	group	NOUN
ajfa-3759	5	57	companies	company	NOUN
ajfa-3759	5	58	with	with	ADP
ajfa-3759	5	59	beta	beta	ADJ
ajfa-3759	5	60	values	value	NOUN
ajfa-3759	5	61	higher	high	ADJ
ajfa-3759	5	62	than	than	ADP
ajfa-3759	5	63	(	(	PUNCT
ajfa-3759	5	64	>	>	PUNCT
ajfa-3759	5	65	)	)	PUNCT
ajfa-3759	5	66	1and	1and	NUM
ajfa-3759	5	67	have	have	VERB
ajfa-3759	5	68	stock	stock	NOUN
ajfa-3759	5	69	returns	return	NOUN
ajfa-3759	5	70	fluctuating	fluctuate	VERB
ajfa-3759	5	71	more	more	ADJ
ajfa-3759	5	72	than	than	ADP
ajfa-3759	5	73	the	the	DET
ajfa-3759	5	74	market	market	NOUN
ajfa-3759	5	75	index	index	NOUN
ajfa-3759	5	76	.	.	PUNCT
ajfa-3759	6	1	finally	finally	ADV
ajfa-3759	6	2	,	,	PUNCT
ajfa-3759	6	3	this	this	DET
ajfa-3759	6	4	paper	paper	NOUN
ajfa-3759	6	5	generates	generate	VERB
ajfa-3759	6	6	some	some	DET
ajfa-3759	6	7	outcomes	outcome	NOUN
ajfa-3759	6	8	that	that	PRON
ajfa-3759	6	9	could	could	AUX
ajfa-3759	6	10	provides	provide	VERB
ajfa-3759	6	11	both	both	CCONJ
ajfa-3759	6	12	internal	internal	ADJ
ajfa-3759	6	13	and	and	CCONJ
ajfa-3759	6	14	external	external	ADJ
ajfa-3759	6	15	investors	investor	NOUN
ajfa-3759	6	16	,	,	PUNCT
ajfa-3759	6	17	financial	financial	ADJ
ajfa-3759	6	18	institutions	institution	NOUN
ajfa-3759	6	19	,	,	PUNCT
ajfa-3759	6	20	companies	company	NOUN
ajfa-3759	6	21	and	and	CCONJ
ajfa-3759	6	22	government	government	NOUN
ajfa-3759	6	23	more	more	ADJ
ajfa-3759	6	24	evidence	evidence	NOUN
ajfa-3759	6	25	in	in	ADP
ajfa-3759	6	26	establishing	establish	VERB
ajfa-3759	6	27	their	their	PRON
ajfa-3759	6	28	policies	policy	NOUN
ajfa-3759	6	29	in	in	ADP
ajfa-3759	6	30	investments	investment	NOUN
ajfa-3759	6	31	and	and	CCONJ
ajfa-3759	6	32	in	in	ADP
ajfa-3759	6	33	governance	governance	NOUN
ajfa-3759	6	34	.	.	PUNCT
ajfa-3759	7	1	keywords	keyword	NOUN
ajfa-3759	7	2	:	:	PUNCT
ajfa-3759	7	3	equity	equity	NOUN
ajfa-3759	7	4	beta	beta	NOUN
ajfa-3759	7	5	,	,	PUNCT
ajfa-3759	7	6	financial	financial	ADJ
ajfa-3759	7	7	structure	structure	NOUN
ajfa-3759	7	8	,	,	PUNCT
ajfa-3759	7	9	financial	financial	ADJ
ajfa-3759	7	10	crisis	crisis	NOUN
ajfa-3759	7	11	,	,	PUNCT
ajfa-3759	7	12	risk	risk	NOUN
ajfa-3759	7	13	,	,	PUNCT
ajfa-3759	7	14	asset	asset	NOUN
ajfa-3759	7	15	beta	beta	NOUN
ajfa-3759	7	16	,	,	PUNCT
ajfa-3759	7	17	consumer	consumer	NOUN
ajfa-3759	7	18	good	good	ADJ
ajfa-3759	7	19	industry	industry	NOUN
ajfa-3759	7	20	jel	jel	PROPN
ajfa-3759	7	21	classification	classification	NOUN
ajfa-3759	7	22	:	:	PUNCT
ajfa-3759	7	23	g010	g010	PROPN
ajfa-3759	7	24	,	,	PUNCT
ajfa-3759	7	25	g100	g100	PROPN
ajfa-3759	7	26	,	,	PUNCT
ajfa-3759	7	27	g390	g390	PROPN
ajfa-3759	7	28	asian	asian	ADJ
ajfa-3759	7	29	journal	journal	NOUN
ajfa-3759	7	30	of	of	ADP
ajfa-3759	7	31	finance	finance	PROPN
ajfa-3759	7	32	&	&	CCONJ
ajfa-3759	7	33	accounting	accounting	PROPN
ajfa-3759	7	34	issn	issn	PROPN
ajfa-3759	7	35	1946	1946	NUM
ajfa-3759	7	36	-	-	PUNCT
ajfa-3759	7	37	052x	052x	NOUN
ajfa-3759	7	38	2013	2013	NUM
ajfa-3759	7	39	,	,	PUNCT
ajfa-3759	7	40	vol	vol	NOUN
ajfa-3759	7	41	.	.	PROPN
ajfa-3759	7	42	5	5	NUM
ajfa-3759	7	43	,	,	PUNCT
ajfa-3759	7	44	no	no	INTJ
ajfa-3759	7	45	.	.	NOUN
ajfa-3759	7	46	2	2	NUM
ajfa-3759	7	47	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3759	7	48	204	204	NUM
ajfa-3759	7	49	1	1	NUM
ajfa-3759	7	50	.	.	PUNCT
ajfa-3759	8	1	introduction	introduction	NOUN
ajfa-3759	8	2	risk	risk	NOUN
ajfa-3759	8	3	evaluation	evaluation	NOUN
ajfa-3759	8	4	can	can	AUX
ajfa-3759	8	5	be	be	AUX
ajfa-3759	8	6	estimated	estimate	VERB
ajfa-3759	8	7	by	by	ADP
ajfa-3759	8	8	using	use	VERB
ajfa-3759	8	9	various	various	ADJ
ajfa-3759	8	10	research	research	NOUN
ajfa-3759	8	11	methods	method	NOUN
ajfa-3759	8	12	.	.	PUNCT
ajfa-3759	9	1	here	here	ADV
ajfa-3759	9	2	,	,	PUNCT
ajfa-3759	9	3	we	we	PRON
ajfa-3759	9	4	perform	perform	VERB
ajfa-3759	9	5	a	a	DET
ajfa-3759	9	6	market	market	NOUN
ajfa-3759	9	7	risk	risk	NOUN
ajfa-3759	9	8	analysis	analysis	NOUN
ajfa-3759	9	9	based	base	VERB
ajfa-3759	9	10	on	on	ADP
ajfa-3759	9	11	asset	asset	NOUN
ajfa-3759	9	12	and	and	CCONJ
ajfa-3759	9	13	equity	equity	NOUN
ajfa-3759	9	14	beta	beta	NOUN
ajfa-3759	9	15	of	of	ADP
ajfa-3759	9	16	229	229	NUM
ajfa-3759	9	17	listed	list	VERB
ajfa-3759	9	18	companies	company	NOUN
ajfa-3759	9	19	in	in	ADP
ajfa-3759	9	20	the	the	DET
ajfa-3759	9	21	category	category	NOUN
ajfa-3759	9	22	of	of	ADP
ajfa-3759	9	23	materials	material	NOUN
ajfa-3759	9	24	,	,	PUNCT
ajfa-3759	9	25	consumer	consumer	NOUN
ajfa-3759	9	26	goods	good	NOUN
ajfa-3759	9	27	,	,	PUNCT
ajfa-3759	9	28	and	and	CCONJ
ajfa-3759	9	29	wholesale	wholesale	ADJ
ajfa-3759	9	30	/	/	SYM
ajfa-3759	9	31	retail	retail	ADJ
ajfa-3759	9	32	firms	firm	NOUN
ajfa-3759	9	33	.	.	PUNCT
ajfa-3759	10	1	this	this	DET
ajfa-3759	10	2	paper	paper	NOUN
ajfa-3759	10	3	emphasizes	emphasize	VERB
ajfa-3759	10	4	on	on	ADP
ajfa-3759	10	5	analyzing	analyze	VERB
ajfa-3759	10	6	un	un	ADJ
ajfa-3759	10	7	-	-	ADJ
ajfa-3759	10	8	diversifiable	diversifiable	ADJ
ajfa-3759	10	9	risk	risk	NOUN
ajfa-3759	10	10	in	in	ADP
ajfa-3759	10	11	the	the	DET
ajfa-3759	10	12	above	above	ADJ
ajfa-3759	10	13	industry	industry	NOUN
ajfa-3759	10	14	in	in	ADP
ajfa-3759	10	15	one	one	NUM
ajfa-3759	10	16	of	of	ADP
ajfa-3759	10	17	emerging	emerge	VERB
ajfa-3759	10	18	markets	market	NOUN
ajfa-3759	10	19	:	:	PUNCT
ajfa-3759	10	20	vietnam	vietnam	PROPN
ajfa-3759	10	21	stock	stock	NOUN
ajfa-3759	10	22	market	market	NOUN
ajfa-3759	10	23	during	during	ADP
ajfa-3759	10	24	the	the	DET
ajfa-3759	10	25	financial	financial	ADJ
ajfa-3759	10	26	crisis	crisis	NOUN
ajfa-3759	10	27	2007	2007	NUM
ajfa-3759	10	28	-	-	SYM
ajfa-3759	10	29	2011	2011	NUM
ajfa-3759	10	30	.	.	PUNCT
ajfa-3759	11	1	after	after	ADP
ajfa-3759	11	2	the	the	DET
ajfa-3759	11	3	previous	previous	ADJ
ajfa-3759	11	4	published	publish	VERB
ajfa-3759	11	5	article	article	NOUN
ajfa-3759	11	6	on	on	ADP
ajfa-3759	11	7	estimated	estimate	VERB
ajfa-3759	11	8	beta	beta	NOUN
ajfa-3759	11	9	for	for	ADP
ajfa-3759	11	10	listed	list	VERB
ajfa-3759	11	11	construction	construction	NOUN
ajfa-3759	11	12	company	company	NOUN
ajfa-3759	11	13	groups	group	NOUN
ajfa-3759	11	14	,	,	PUNCT
ajfa-3759	11	15	we	we	PRON
ajfa-3759	11	16	will	will	AUX
ajfa-3759	11	17	compare	compare	VERB
ajfa-3759	11	18	the	the	DET
ajfa-3759	11	19	estimated	estimate	VERB
ajfa-3759	11	20	beta	beta	ADJ
ajfa-3759	11	21	results	result	NOUN
ajfa-3759	11	22	of	of	ADP
ajfa-3759	11	23	listed	list	VERB
ajfa-3759	11	24	viet	viet	PROPN
ajfa-3759	11	25	nam	nam	PROPN
ajfa-3759	11	26	consumer	consumer	NOUN
ajfa-3759	11	27	goods	good	NOUN
ajfa-3759	11	28	companies	company	NOUN
ajfa-3759	11	29	to	to	ADP
ajfa-3759	11	30	those	those	PRON
ajfa-3759	11	31	in	in	ADP
ajfa-3759	11	32	its	its	PRON
ajfa-3759	11	33	supply	supply	NOUN
ajfa-3759	11	34	chain	chain	NOUN
ajfa-3759	11	35	activities	activity	NOUN
ajfa-3759	11	36	such	such	ADJ
ajfa-3759	11	37	as	as	ADP
ajfa-3759	11	38	materials	material	NOUN
ajfa-3759	11	39	,	,	PUNCT
ajfa-3759	11	40	wholesale	wholesale	ADJ
ajfa-3759	11	41	and	and	CCONJ
ajfa-3759	11	42	retail	retail	ADJ
ajfa-3759	11	43	companies	company	NOUN
ajfa-3759	11	44	to	to	PART
ajfa-3759	11	45	make	make	VERB
ajfa-3759	11	46	a	a	DET
ajfa-3759	11	47	comparative	comparative	ADJ
ajfa-3759	11	48	analysis	analysis	NOUN
ajfa-3759	11	49	and	and	CCONJ
ajfa-3759	11	50	risk	risk	NOUN
ajfa-3759	11	51	evaluation	evaluation	NOUN
ajfa-3759	11	52	after	after	ADP
ajfa-3759	11	53	financial	financial	ADJ
ajfa-3759	11	54	crisis	crisis	NOUN
ajfa-3759	11	55	impacts	impact	NOUN
ajfa-3759	11	56	.	.	PUNCT
ajfa-3759	12	1	no	no	DET
ajfa-3759	12	2	research	research	NOUN
ajfa-3759	12	3	,	,	PUNCT
ajfa-3759	12	4	so	so	ADV
ajfa-3759	12	5	far	far	ADV
ajfa-3759	12	6	,	,	PUNCT
ajfa-3759	12	7	has	have	AUX
ajfa-3759	12	8	been	be	AUX
ajfa-3759	12	9	done	do	VERB
ajfa-3759	12	10	on	on	ADP
ajfa-3759	12	11	the	the	DET
ajfa-3759	12	12	same	same	ADJ
ajfa-3759	12	13	topic	topic	NOUN
ajfa-3759	12	14	.	.	PUNCT
ajfa-3759	13	1	this	this	DET
ajfa-3759	13	2	paper	paper	NOUN
ajfa-3759	13	3	is	be	AUX
ajfa-3759	13	4	organized	organize	VERB
ajfa-3759	13	5	as	as	ADP
ajfa-3759	13	6	follow	follow	NOUN
ajfa-3759	13	7	.	.	PUNCT
ajfa-3759	14	1	the	the	DET
ajfa-3759	14	2	research	research	NOUN
ajfa-3759	14	3	issues	issue	NOUN
ajfa-3759	14	4	and	and	CCONJ
ajfa-3759	14	5	literature	literature	NOUN
ajfa-3759	14	6	review	review	NOUN
ajfa-3759	14	7	will	will	AUX
ajfa-3759	14	8	be	be	AUX
ajfa-3759	14	9	covered	cover	VERB
ajfa-3759	14	10	in	in	ADP
ajfa-3759	14	11	next	next	ADJ
ajfa-3759	14	12	sessions	session	NOUN
ajfa-3759	14	13	2	2	NUM
ajfa-3759	14	14	and	and	CCONJ
ajfa-3759	14	15	3	3	NUM
ajfa-3759	14	16	,	,	PUNCT
ajfa-3759	14	17	for	for	ADP
ajfa-3759	14	18	a	a	DET
ajfa-3759	14	19	short	short	ADJ
ajfa-3759	14	20	summary	summary	NOUN
ajfa-3759	14	21	.	.	PUNCT
ajfa-3759	15	1	then	then	ADV
ajfa-3759	15	2	,	,	PUNCT
ajfa-3759	15	3	methodology	methodology	NOUN
ajfa-3759	15	4	and	and	CCONJ
ajfa-3759	15	5	conceptual	conceptual	ADJ
ajfa-3759	15	6	theories	theory	NOUN
ajfa-3759	15	7	are	be	AUX
ajfa-3759	15	8	introduced	introduce	VERB
ajfa-3759	15	9	in	in	ADP
ajfa-3759	15	10	session	session	NOUN
ajfa-3759	15	11	4	4	NUM
ajfa-3759	15	12	and	and	CCONJ
ajfa-3759	15	13	5	5	NUM
ajfa-3759	15	14	.	.	X
ajfa-3759	15	15	session	session	NOUN
ajfa-3759	15	16	6	6	NUM
ajfa-3759	15	17	describes	describe	VERB
ajfa-3759	15	18	the	the	DET
ajfa-3759	15	19	data	datum	NOUN
ajfa-3759	15	20	in	in	ADP
ajfa-3759	15	21	empirical	empirical	ADJ
ajfa-3759	15	22	analysis	analysis	NOUN
ajfa-3759	15	23	.	.	PUNCT
ajfa-3759	16	1	session	session	NOUN
ajfa-3759	16	2	7	7	NUM
ajfa-3759	16	3	presents	present	VERB
ajfa-3759	16	4	empirical	empirical	ADJ
ajfa-3759	16	5	results	result	NOUN
ajfa-3759	16	6	and	and	CCONJ
ajfa-3759	16	7	findings	finding	NOUN
ajfa-3759	16	8	.	.	PUNCT
ajfa-3759	17	1	then	then	ADV
ajfa-3759	17	2	,	,	PUNCT
ajfa-3759	17	3	session	session	NOUN
ajfa-3759	17	4	8	8	NUM
ajfa-3759	17	5	gives	give	VERB
ajfa-3759	17	6	analysis	analysis	NOUN
ajfa-3759	17	7	of	of	ADP
ajfa-3759	17	8	risk	risk	NOUN
ajfa-3759	17	9	.	.	PUNCT
ajfa-3759	18	1	lastly	lastly	ADV
ajfa-3759	18	2	,	,	PUNCT
ajfa-3759	18	3	session	session	NOUN
ajfa-3759	18	4	9	9	NUM
ajfa-3759	18	5	will	will	AUX
ajfa-3759	18	6	conclude	conclude	VERB
ajfa-3759	18	7	with	with	ADP
ajfa-3759	18	8	some	some	DET
ajfa-3759	18	9	policy	policy	NOUN
ajfa-3759	18	10	suggestions	suggestion	NOUN
ajfa-3759	18	11	.	.	PUNCT
ajfa-3759	19	1	this	this	DET
ajfa-3759	19	2	paper	paper	NOUN
ajfa-3759	19	3	also	also	ADV
ajfa-3759	19	4	provides	provide	VERB
ajfa-3759	19	5	readers	reader	NOUN
ajfa-3759	19	6	with	with	ADP
ajfa-3759	19	7	references	reference	NOUN
ajfa-3759	19	8	,	,	PUNCT
ajfa-3759	19	9	exhibits	exhibit	NOUN
ajfa-3759	19	10	and	and	CCONJ
ajfa-3759	19	11	relevant	relevant	ADJ
ajfa-3759	19	12	web	web	NOUN
ajfa-3759	19	13	sources	source	NOUN
ajfa-3759	19	14	.	.	PUNCT
ajfa-3759	20	1	2	2	X
ajfa-3759	20	2	.	.	X
ajfa-3759	20	3	research	research	NOUN
ajfa-3759	20	4	issues	issue	NOUN
ajfa-3759	20	5	we	we	PRON
ajfa-3759	20	6	mention	mention	VERB
ajfa-3759	20	7	a	a	DET
ajfa-3759	20	8	couple	couple	NOUN
ajfa-3759	20	9	of	of	ADP
ajfa-3759	20	10	issues	issue	NOUN
ajfa-3759	20	11	on	on	ADP
ajfa-3759	20	12	the	the	DET
ajfa-3759	20	13	estimating	estimating	NOUN
ajfa-3759	20	14	of	of	ADP
ajfa-3759	20	15	beta	beta	NOUN
ajfa-3759	20	16	for	for	ADP
ajfa-3759	20	17	listed	list	VERB
ajfa-3759	20	18	computer	computer	NOUN
ajfa-3759	20	19	and	and	CCONJ
ajfa-3759	20	20	electrical	electrical	ADJ
ajfa-3759	20	21	companies	company	NOUN
ajfa-3759	20	22	in	in	ADP
ajfa-3759	20	23	viet	viet	PROPN
ajfa-3759	20	24	nam	nam	PROPN
ajfa-3759	20	25	stock	stock	PROPN
ajfa-3759	20	26	exchange	exchange	PROPN
ajfa-3759	20	27	as	as	ADP
ajfa-3759	20	28	following	follow	VERB
ajfa-3759	20	29	:	:	PUNCT
ajfa-3759	20	30	hypothesis	hypothesis	NOUN
ajfa-3759	20	31	/	/	SYM
ajfa-3759	20	32	issue	issue	NOUN
ajfa-3759	20	33	1	1	NUM
ajfa-3759	20	34	:	:	PUNCT
ajfa-3759	20	35	among	among	ADP
ajfa-3759	20	36	the	the	DET
ajfa-3759	20	37	three	three	NUM
ajfa-3759	20	38	(	(	PUNCT
ajfa-3759	20	39	3	3	X
ajfa-3759	20	40	)	)	PUNCT
ajfa-3759	20	41	companies	company	NOUN
ajfa-3759	20	42	groups	group	NOUN
ajfa-3759	20	43	,	,	PUNCT
ajfa-3759	20	44	under	under	ADP
ajfa-3759	20	45	the	the	DET
ajfa-3759	20	46	financial	financial	ADJ
ajfa-3759	20	47	crisis	crisis	NOUN
ajfa-3759	20	48	impact	impact	NOUN
ajfa-3759	20	49	and	and	CCONJ
ajfa-3759	20	50	high	high	ADJ
ajfa-3759	20	51	inflation	inflation	NOUN
ajfa-3759	20	52	,	,	PUNCT
ajfa-3759	20	53	the	the	DET
ajfa-3759	20	54	beta	beta	NOUN
ajfa-3759	20	55	or	or	CCONJ
ajfa-3759	20	56	risk	risk	NOUN
ajfa-3759	20	57	level	level	NOUN
ajfa-3759	20	58	of	of	ADP
ajfa-3759	20	59	listed	list	VERB
ajfa-3759	20	60	companies	company	NOUN
ajfa-3759	20	61	in	in	ADP
ajfa-3759	20	62	wholesale	wholesale	ADJ
ajfa-3759	20	63	/	/	SYM
ajfa-3759	20	64	retail	retail	NOUN
ajfa-3759	20	65	industries	industry	NOUN
ajfa-3759	20	66	will	will	AUX
ajfa-3759	20	67	relatively	relatively	ADV
ajfa-3759	20	68	higher	high	ADJ
ajfa-3759	20	69	than	than	ADP
ajfa-3759	20	70	those	those	PRON
ajfa-3759	20	71	in	in	ADP
ajfa-3759	20	72	the	the	DET
ajfa-3759	20	73	rest	rest	NOUN
ajfa-3759	20	74	two	two	NUM
ajfa-3759	20	75	(	(	PUNCT
ajfa-3759	20	76	2	2	NUM
ajfa-3759	20	77	)	)	PUNCT
ajfa-3759	20	78	industries	industry	NOUN
ajfa-3759	20	79	.	.	PUNCT
ajfa-3759	21	1	hypothesis	hypothesis	NOUN
ajfa-3759	21	2	/	/	SYM
ajfa-3759	21	3	issue	issue	NOUN
ajfa-3759	21	4	2	2	NUM
ajfa-3759	21	5	:	:	PUNCT
ajfa-3759	21	6	because	because	SCONJ
ajfa-3759	21	7	viet	viet	PROPN
ajfa-3759	21	8	nam	nam	PROPN
ajfa-3759	21	9	is	be	AUX
ajfa-3759	21	10	an	an	DET
ajfa-3759	21	11	emerging	emerge	VERB
ajfa-3759	21	12	and	and	CCONJ
ajfa-3759	21	13	immature	immature	ADJ
ajfa-3759	21	14	financial	financial	ADJ
ajfa-3759	21	15	market	market	NOUN
ajfa-3759	21	16	and	and	CCONJ
ajfa-3759	21	17	the	the	DET
ajfa-3759	21	18	stock	stock	NOUN
ajfa-3759	21	19	market	market	NOUN
ajfa-3759	21	20	still	still	ADV
ajfa-3759	21	21	in	in	ADP
ajfa-3759	21	22	the	the	DET
ajfa-3759	21	23	recovering	recover	VERB
ajfa-3759	21	24	stage	stage	NOUN
ajfa-3759	21	25	,	,	PUNCT
ajfa-3759	21	26	there	there	PRON
ajfa-3759	21	27	will	will	AUX
ajfa-3759	21	28	be	be	AUX
ajfa-3759	21	29	a	a	DET
ajfa-3759	21	30	large	large	ADJ
ajfa-3759	21	31	disperse	disperse	NOUN
ajfa-3759	21	32	distribution	distribution	NOUN
ajfa-3759	21	33	in	in	ADP
ajfa-3759	21	34	beta	beta	ADJ
ajfa-3759	21	35	values	value	NOUN
ajfa-3759	21	36	estimated	estimate	VERB
ajfa-3759	21	37	in	in	ADP
ajfa-3759	21	38	the	the	DET
ajfa-3759	21	39	consumer	consumer	NOUN
ajfa-3759	21	40	goods	good	NOUN
ajfa-3759	21	41	and	and	CCONJ
ajfa-3759	21	42	wholesale	wholesale	ADJ
ajfa-3759	21	43	/	/	SYM
ajfa-3759	21	44	retail	retail	NOUN
ajfa-3759	21	45	industries	industry	NOUN
ajfa-3759	21	46	.	.	PUNCT
ajfa-3759	22	1	hypothesis	hypothesis	NOUN
ajfa-3759	22	2	/	/	SYM
ajfa-3759	22	3	issue	issue	NOUN
ajfa-3759	22	4	3	3	NUM
ajfa-3759	22	5	:	:	PUNCT
ajfa-3759	22	6	with	with	ADP
ajfa-3759	22	7	the	the	DET
ajfa-3759	22	8	above	above	ADJ
ajfa-3759	22	9	reasons	reason	NOUN
ajfa-3759	22	10	,	,	PUNCT
ajfa-3759	22	11	the	the	DET
ajfa-3759	22	12	mean	mean	NOUN
ajfa-3759	22	13	of	of	ADP
ajfa-3759	22	14	equity	equity	NOUN
ajfa-3759	22	15	and	and	CCONJ
ajfa-3759	22	16	asset	asset	NOUN
ajfa-3759	22	17	beta	beta	NOUN
ajfa-3759	22	18	values	value	NOUN
ajfa-3759	22	19	of	of	ADP
ajfa-3759	22	20	these	these	DET
ajfa-3759	22	21	listed	list	VERB
ajfa-3759	22	22	wholesale	wholesale	ADJ
ajfa-3759	22	23	and	and	CCONJ
ajfa-3759	22	24	retail	retail	ADJ
ajfa-3759	22	25	companies	company	NOUN
ajfa-3759	22	26	tend	tend	VERB
ajfa-3759	22	27	to	to	PART
ajfa-3759	22	28	impose	impose	VERB
ajfa-3759	22	29	a	a	DET
ajfa-3759	22	30	high	high	ADJ
ajfa-3759	22	31	risk	risk	NOUN
ajfa-3759	22	32	level	level	NOUN
ajfa-3759	22	33	,	,	PUNCT
ajfa-3759	22	34	i.e.	i.e.	X
ajfa-3759	22	35	,	,	PUNCT
ajfa-3759	22	36	beta	beta	NOUN
ajfa-3759	22	37	should	should	AUX
ajfa-3759	22	38	higher	high	ADJ
ajfa-3759	22	39	than	than	ADP
ajfa-3759	22	40	(	(	PUNCT
ajfa-3759	22	41	>	>	PUNCT
ajfa-3759	22	42	)	)	PUNCT
ajfa-3759	22	43	1	1	NUM
ajfa-3759	22	44	.	.	X
ajfa-3759	22	45	3	3	X
ajfa-3759	22	46	.	.	X
ajfa-3759	22	47	literature	literature	PROPN
ajfa-3759	22	48	review	review	PROPN
ajfa-3759	22	49	fama	fama	PROPN
ajfa-3759	22	50	,	,	PUNCT
ajfa-3759	22	51	eugene	eugene	PROPN
ajfa-3759	22	52	f.	f.	PROPN
ajfa-3759	22	53	,	,	PUNCT
ajfa-3759	22	54	and	and	CCONJ
ajfa-3759	22	55	french	french	PROPN
ajfa-3759	22	56	,	,	PUNCT
ajfa-3759	22	57	kenneth	kenneth	PROPN
ajfa-3759	22	58	r.	r.	PROPN
ajfa-3759	22	59	,	,	PUNCT
ajfa-3759	22	60	(	(	PUNCT
ajfa-3759	22	61	2004	2004	NUM
ajfa-3759	22	62	)	)	PUNCT
ajfa-3759	22	63	also	also	ADV
ajfa-3759	22	64	indicated	indicate	VERB
ajfa-3759	22	65	in	in	ADP
ajfa-3759	22	66	the	the	DET
ajfa-3759	22	67	three	three	NUM
ajfa-3759	22	68	factor	factor	NOUN
ajfa-3759	22	69	model	model	NOUN
ajfa-3759	22	70	that	that	SCONJ
ajfa-3759	22	71	“	"	PUNCT
ajfa-3759	22	72	value	value	NOUN
ajfa-3759	22	73	”	"	PUNCT
ajfa-3759	22	74	and	and	CCONJ
ajfa-3759	22	75	“	"	PUNCT
ajfa-3759	22	76	size	size	NOUN
ajfa-3759	22	77	”	"	PUNCT
ajfa-3759	22	78	are	be	AUX
ajfa-3759	22	79	significant	significant	ADJ
ajfa-3759	22	80	components	component	NOUN
ajfa-3759	22	81	which	which	PRON
ajfa-3759	22	82	can	can	AUX
ajfa-3759	22	83	affect	affect	VERB
ajfa-3759	22	84	stock	stock	NOUN
ajfa-3759	22	85	returns	return	NOUN
ajfa-3759	22	86	.	.	PUNCT
ajfa-3759	23	1	they	they	PRON
ajfa-3759	23	2	also	also	ADV
ajfa-3759	23	3	mentioned	mention	VERB
ajfa-3759	23	4	that	that	SCONJ
ajfa-3759	23	5	a	a	DET
ajfa-3759	23	6	stock	stock	NOUN
ajfa-3759	23	7	’s	’s	PART
ajfa-3759	23	8	return	return	NOUN
ajfa-3759	23	9	not	not	PART
ajfa-3759	23	10	only	only	ADV
ajfa-3759	23	11	depends	depend	VERB
ajfa-3759	23	12	on	on	ADP
ajfa-3759	23	13	a	a	DET
ajfa-3759	23	14	market	market	NOUN
ajfa-3759	23	15	beta	beta	NOUN
ajfa-3759	23	16	,	,	PUNCT
ajfa-3759	23	17	but	but	CCONJ
ajfa-3759	23	18	also	also	ADV
ajfa-3759	23	19	on	on	ADP
ajfa-3759	23	20	market	market	NOUN
ajfa-3759	23	21	capitalization	capitalization	NOUN
ajfa-3759	23	22	beta	beta	NOUN
ajfa-3759	23	23	.	.	PUNCT
ajfa-3759	24	1	the	the	DET
ajfa-3759	24	2	market	market	NOUN
ajfa-3759	24	3	beta	beta	NOUN
ajfa-3759	24	4	is	be	AUX
ajfa-3759	24	5	used	use	VERB
ajfa-3759	24	6	in	in	ADP
ajfa-3759	24	7	the	the	DET
ajfa-3759	24	8	three	three	NUM
ajfa-3759	24	9	factor	factor	NOUN
ajfa-3759	24	10	model	model	NOUN
ajfa-3759	24	11	,	,	PUNCT
ajfa-3759	24	12	developed	develop	VERB
ajfa-3759	24	13	by	by	ADP
ajfa-3759	24	14	fama	fama	NOUN
ajfa-3759	24	15	and	and	CCONJ
ajfa-3759	24	16	french	french	NOUN
ajfa-3759	24	17	,	,	PUNCT
ajfa-3759	24	18	which	which	PRON
ajfa-3759	24	19	is	be	AUX
ajfa-3759	24	20	the	the	DET
ajfa-3759	24	21	successor	successor	NOUN
ajfa-3759	24	22	to	to	ADP
ajfa-3759	24	23	the	the	DET
ajfa-3759	24	24	capm	capm	PROPN
ajfa-3759	24	25	model	model	NOUN
ajfa-3759	24	26	by	by	ADP
ajfa-3759	24	27	sharpe	sharpe	PROPN
ajfa-3759	24	28	,	,	PUNCT
ajfa-3759	24	29	treynor	treynor	NOUN
ajfa-3759	24	30	and	and	CCONJ
ajfa-3759	24	31	lintner	lintner	NOUN
ajfa-3759	24	32	.	.	PUNCT
ajfa-3759	25	1	as	as	SCONJ
ajfa-3759	25	2	luis	luis	PROPN
ajfa-3759	25	3	e.	e.	PROPN
ajfa-3759	25	4	peirero	peirero	PROPN
ajfa-3759	25	5	(	(	PUNCT
ajfa-3759	25	6	2010	2010	NUM
ajfa-3759	25	7	)	)	PUNCT
ajfa-3759	25	8	pointed	point	VERB
ajfa-3759	25	9	,	,	PUNCT
ajfa-3759	25	10	the	the	DET
ajfa-3759	25	11	task	task	NOUN
ajfa-3759	25	12	of	of	ADP
ajfa-3759	25	13	estimating	estimate	VERB
ajfa-3759	25	14	cost	cost	NOUN
ajfa-3759	25	15	of	of	ADP
ajfa-3759	25	16	equity	equity	NOUN
ajfa-3759	25	17	in	in	ADP
ajfa-3759	25	18	emerging	emerge	VERB
ajfa-3759	25	19	markets	market	NOUN
ajfa-3759	25	20	is	be	AUX
ajfa-3759	25	21	more	more	ADV
ajfa-3759	25	22	difficult	difficult	ADJ
ajfa-3759	25	23	because	because	SCONJ
ajfa-3759	25	24	of	of	ADP
ajfa-3759	25	25	problems	problem	NOUN
ajfa-3759	25	26	such	such	ADJ
ajfa-3759	25	27	as	as	ADP
ajfa-3759	25	28	collecting	collect	VERB
ajfa-3759	25	29	data	datum	NOUN
ajfa-3759	25	30	in	in	ADP
ajfa-3759	25	31	short	short	ADJ
ajfa-3759	25	32	periods	period	NOUN
ajfa-3759	25	33	.	.	PUNCT
ajfa-3759	26	1	then	then	ADV
ajfa-3759	26	2	,	,	PUNCT
ajfa-3759	26	3	velez	velez	PROPN
ajfa-3759	26	4	-	-	PUNCT
ajfa-3759	26	5	pareja	pareja	PROPN
ajfa-3759	26	6	(	(	PUNCT
ajfa-3759	26	7	2011	2011	NUM
ajfa-3759	26	8	)	)	PUNCT
ajfa-3759	26	9	referred	refer	VERB
ajfa-3759	26	10	to	to	ADP
ajfa-3759	26	11	the	the	DET
ajfa-3759	26	12	lack	lack	NOUN
ajfa-3759	26	13	of	of	ADP
ajfa-3759	26	14	inadequate	inadequate	ADJ
ajfa-3759	26	15	information	information	NOUN
ajfa-3759	26	16	on	on	ADP
ajfa-3759	26	17	the	the	DET
ajfa-3759	26	18	stock	stock	NOUN
ajfa-3759	26	19	market	market	NOUN
ajfa-3759	26	20	in	in	ADP
ajfa-3759	26	21	emerging	emerge	VERB
ajfa-3759	26	22	countries	country	NOUN
ajfa-3759	26	23	may	may	AUX
ajfa-3759	26	24	undermine	undermine	VERB
ajfa-3759	26	25	beta	beta	NOUN
ajfa-3759	26	26	and	and	CCONJ
ajfa-3759	26	27	relevant	relevant	ADJ
ajfa-3759	26	28	formulas	formula	NOUN
ajfa-3759	26	29	.	.	PUNCT
ajfa-3759	27	1	marcin	marcin	PROPN
ajfa-3759	27	2	,	,	PUNCT
ajfa-3759	27	3	mariusz	mariusz	PROPN
ajfa-3759	27	4	,	,	PUNCT
ajfa-3759	27	5	marek	marek	PROPN
ajfa-3759	27	6	,	,	PUNCT
ajfa-3759	27	7	and	and	CCONJ
ajfa-3759	27	8	karol	karol	PROPN
ajfa-3759	27	9	(	(	PUNCT
ajfa-3759	27	10	2012	2012	NUM
ajfa-3759	27	11	)	)	PUNCT
ajfa-3759	27	12	mentioned	mention	VERB
ajfa-3759	27	13	that	that	SCONJ
ajfa-3759	27	14	the	the	DET
ajfa-3759	27	15	reliability	reliability	NOUN
ajfa-3759	27	16	and	and	CCONJ
ajfa-3759	27	17	fitness	fitness	NOUN
ajfa-3759	27	18	of	of	ADP
ajfa-3759	27	19	calculated	calculate	VERB
ajfa-3759	27	20	betas	beta	NOUN
ajfa-3759	27	21	are	be	AUX
ajfa-3759	27	22	relevant	relevant	ADJ
ajfa-3759	27	23	to	to	ADP
ajfa-3759	27	24	the	the	DET
ajfa-3759	27	25	asian	asian	ADJ
ajfa-3759	27	26	journal	journal	NOUN
ajfa-3759	27	27	of	of	ADP
ajfa-3759	27	28	finance	finance	PROPN
ajfa-3759	27	29	&	&	CCONJ
ajfa-3759	27	30	accounting	accounting	PROPN
ajfa-3759	27	31	issn	issn	PROPN
ajfa-3759	27	32	1946	1946	NUM
ajfa-3759	27	33	-	-	PUNCT
ajfa-3759	27	34	052x	052x	NOUN
ajfa-3759	27	35	2013	2013	NUM
ajfa-3759	27	36	,	,	PUNCT
ajfa-3759	27	37	vol	vol	NOUN
ajfa-3759	27	38	.	.	PROPN
ajfa-3759	27	39	5	5	NUM
ajfa-3759	27	40	,	,	PUNCT
ajfa-3759	27	41	no	no	INTJ
ajfa-3759	27	42	.	.	NOUN
ajfa-3759	27	43	2	2	NUM
ajfa-3759	27	44	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3759	27	45	205	205	NUM
ajfa-3759	27	46	valuation	valuation	NOUN
ajfa-3759	27	47	and	and	CCONJ
ajfa-3759	27	48	investment	investment	NOUN
ajfa-3759	27	49	of	of	ADP
ajfa-3759	27	50	investors	investor	NOUN
ajfa-3759	27	51	in	in	ADP
ajfa-3759	27	52	merging	merge	VERB
ajfa-3759	27	53	markets	market	NOUN
ajfa-3759	27	54	.	.	PUNCT
ajfa-3759	28	1	and	and	CCONJ
ajfa-3759	28	2	xiaowei	xiaowei	PROPN
ajfa-3759	28	3	kang	kang	PROPN
ajfa-3759	28	4	(	(	PUNCT
ajfa-3759	28	5	2012	2012	NUM
ajfa-3759	28	6	)	)	PUNCT
ajfa-3759	28	7	found	find	VERB
ajfa-3759	28	8	that	that	SCONJ
ajfa-3759	28	9	combining	combine	VERB
ajfa-3759	28	10	weighted	weight	VERB
ajfa-3759	28	11	or	or	CCONJ
ajfa-3759	28	12	alternative	alternative	ADJ
ajfa-3759	28	13	beta	beta	ADJ
ajfa-3759	28	14	strategies	strategy	NOUN
ajfa-3759	28	15	can	can	AUX
ajfa-3759	28	16	gain	gain	VERB
ajfa-3759	28	17	significant	significant	ADJ
ajfa-3759	28	18	traction	traction	NOUN
ajfa-3759	28	19	in	in	ADP
ajfa-3759	28	20	investment	investment	NOUN
ajfa-3759	28	21	community	community	NOUN
ajfa-3759	28	22	and	and	CCONJ
ajfa-3759	28	23	reduce	reduce	VERB
ajfa-3759	28	24	risk	risk	NOUN
ajfa-3759	28	25	.	.	PUNCT
ajfa-3759	29	1	next	next	ADV
ajfa-3759	29	2	,	,	PUNCT
ajfa-3759	29	3	pablo	pablo	PROPN
ajfa-3759	29	4	fernandez	fernandez	PROPN
ajfa-3759	29	5	(	(	PUNCT
ajfa-3759	29	6	2013	2013	NUM
ajfa-3759	29	7	)	)	PUNCT
ajfa-3759	29	8	also	also	ADV
ajfa-3759	29	9	stated	state	VERB
ajfa-3759	29	10	that	that	SCONJ
ajfa-3759	29	11	industry	industry	NOUN
ajfa-3759	29	12	betas	beta	NOUN
ajfa-3759	29	13	are	be	AUX
ajfa-3759	29	14	very	very	ADV
ajfa-3759	29	15	unstable	unstable	ADJ
ajfa-3759	29	16	.	.	PUNCT
ajfa-3759	30	1	finally	finally	ADV
ajfa-3759	30	2	,	,	PUNCT
ajfa-3759	30	3	a	a	DET
ajfa-3759	30	4	portfolio	portfolio	NOUN
ajfa-3759	30	5	beta	beta	NOUN
ajfa-3759	30	6	can	can	AUX
ajfa-3759	30	7	be	be	AUX
ajfa-3759	30	8	calculated	calculate	VERB
ajfa-3759	30	9	by	by	ADP
ajfa-3759	30	10	taking	take	VERB
ajfa-3759	30	11	market	market	NOUN
ajfa-3759	30	12	capitalization	capitalization	NOUN
ajfa-3759	30	13	of	of	ADP
ajfa-3759	30	14	each	each	DET
ajfa-3759	30	15	stock	stock	NOUN
ajfa-3759	30	16	in	in	ADP
ajfa-3759	30	17	the	the	DET
ajfa-3759	30	18	portfolio	portfolio	NOUN
ajfa-3759	30	19	and	and	CCONJ
ajfa-3759	30	20	then	then	ADV
ajfa-3759	30	21	,	,	PUNCT
ajfa-3759	30	22	average	average	ADJ
ajfa-3759	30	23	beta	beta	NOUN
ajfa-3759	30	24	of	of	ADP
ajfa-3759	30	25	each	each	DET
ajfa-3759	30	26	company	company	NOUN
ajfa-3759	30	27	security	security	NOUN
ajfa-3759	30	28	.	.	PUNCT
ajfa-3759	31	1	4	4	X
ajfa-3759	31	2	.	.	X
ajfa-3759	31	3	conceptual	conceptual	ADJ
ajfa-3759	31	4	theories	theory	NOUN
ajfa-3759	31	5	determinants	determinant	NOUN
ajfa-3759	31	6	of	of	ADP
ajfa-3759	31	7	equity	equity	NOUN
ajfa-3759	31	8	and	and	CCONJ
ajfa-3759	31	9	asset	asset	NOUN
ajfa-3759	31	10	beta	beta	NOUN
ajfa-3759	31	11	in	in	ADP
ajfa-3759	31	12	financial	financial	ADJ
ajfa-3759	31	13	markets	market	NOUN
ajfa-3759	31	14	,	,	PUNCT
ajfa-3759	31	15	systematic	systematic	ADJ
ajfa-3759	31	16	risk	risk	NOUN
ajfa-3759	31	17	relates	relate	VERB
ajfa-3759	31	18	to	to	ADP
ajfa-3759	31	19	the	the	DET
ajfa-3759	31	20	overall	overall	ADJ
ajfa-3759	31	21	risk	risk	NOUN
ajfa-3759	31	22	of	of	ADP
ajfa-3759	31	23	the	the	DET
ajfa-3759	31	24	whole	whole	ADJ
ajfa-3759	31	25	market	market	NOUN
ajfa-3759	31	26	,	,	PUNCT
ajfa-3759	31	27	is	be	AUX
ajfa-3759	31	28	affected	affect	VERB
ajfa-3759	31	29	by	by	ADP
ajfa-3759	31	30	some	some	DET
ajfa-3759	31	31	factors	factor	NOUN
ajfa-3759	31	32	such	such	ADJ
ajfa-3759	31	33	as	as	ADP
ajfa-3759	31	34	:	:	PUNCT
ajfa-3759	31	35	interest	interest	NOUN
ajfa-3759	31	36	rate	rate	NOUN
ajfa-3759	31	37	fluctuations	fluctuation	NOUN
ajfa-3759	31	38	or	or	CCONJ
ajfa-3759	31	39	economic	economic	ADJ
ajfa-3759	31	40	crisis	crisis	NOUN
ajfa-3759	31	41	,	,	PUNCT
ajfa-3759	31	42	can	can	AUX
ajfa-3759	31	43	not	not	PART
ajfa-3759	31	44	be	be	AUX
ajfa-3759	31	45	avoided	avoid	VERB
ajfa-3759	31	46	by	by	ADP
ajfa-3759	31	47	diversification	diversification	NOUN
ajfa-3759	31	48	,	,	PUNCT
ajfa-3759	31	49	and	and	CCONJ
ajfa-3759	31	50	is	be	AUX
ajfa-3759	31	51	measured	measure	VERB
ajfa-3759	31	52	by	by	ADP
ajfa-3759	31	53	a	a	DET
ajfa-3759	31	54	financial	financial	ADJ
ajfa-3759	31	55	metric	metric	NOUN
ajfa-3759	31	56	,	,	PUNCT
ajfa-3759	31	57	beta	beta	ADJ
ajfa-3759	31	58	which	which	PRON
ajfa-3759	31	59	is	be	AUX
ajfa-3759	31	60	also	also	ADV
ajfa-3759	31	61	called	call	VERB
ajfa-3759	31	62	systemic	systemic	ADJ
ajfa-3759	31	63	risk	risk	NOUN
ajfa-3759	31	64	.	.	PUNCT
ajfa-3759	32	1	billio	billio	NOUN
ajfa-3759	32	2	,	,	PUNCT
ajfa-3759	32	3	getmansky	getmansky	PROPN
ajfa-3759	32	4	,	,	PUNCT
ajfa-3759	32	5	lo	lo	PROPN
ajfa-3759	32	6	,	,	PUNCT
ajfa-3759	32	7	and	and	CCONJ
ajfa-3759	32	8	pelizon	pelizon	PROPN
ajfa-3759	32	9	(	(	PUNCT
ajfa-3759	32	10	2010	2010	NUM
ajfa-3759	32	11	)	)	PUNCT
ajfa-3759	32	12	defined	define	VERB
ajfa-3759	32	13	systemic	systemic	ADJ
ajfa-3759	32	14	risk	risk	NOUN
ajfa-3759	32	15	as	as	ADP
ajfa-3759	32	16	any	any	DET
ajfa-3759	32	17	circumstance	circumstance	NOUN
ajfa-3759	32	18	that	that	PRON
ajfa-3759	32	19	threatens	threaten	VERB
ajfa-3759	32	20	the	the	DET
ajfa-3759	32	21	stability	stability	NOUN
ajfa-3759	32	22	of	of	ADP
ajfa-3759	32	23	or	or	CCONJ
ajfa-3759	32	24	public	public	ADJ
ajfa-3759	32	25	confidence	confidence	NOUN
ajfa-3759	32	26	in	in	ADP
ajfa-3759	32	27	the	the	DET
ajfa-3759	32	28	financial	financial	ADJ
ajfa-3759	32	29	system	system	NOUN
ajfa-3759	32	30	.	.	PUNCT
ajfa-3759	33	1	additionally	additionally	ADV
ajfa-3759	33	2	,	,	PUNCT
ajfa-3759	33	3	the	the	DET
ajfa-3759	33	4	european	european	PROPN
ajfa-3759	33	5	central	central	PROPN
ajfa-3759	33	6	bank	bank	PROPN
ajfa-3759	33	7	(	(	PUNCT
ajfa-3759	33	8	2010	2010	NUM
ajfa-3759	33	9	)	)	PUNCT
ajfa-3759	33	10	mentioned	mention	VERB
ajfa-3759	33	11	it	it	PRON
ajfa-3759	33	12	as	as	ADP
ajfa-3759	33	13	a	a	DET
ajfa-3759	33	14	risk	risk	NOUN
ajfa-3759	33	15	of	of	ADP
ajfa-3759	33	16	financial	financial	ADJ
ajfa-3759	33	17	instability	instability	NOUN
ajfa-3759	33	18	with	with	ADP
ajfa-3759	33	19	so	so	ADV
ajfa-3759	33	20	widespread	widespread	ADJ
ajfa-3759	33	21	.	.	PUNCT
ajfa-3759	34	1	several	several	ADJ
ajfa-3759	34	2	factors	factor	NOUN
ajfa-3759	34	3	affecting	affect	VERB
ajfa-3759	34	4	beta	beta	NOUN
ajfa-3759	34	5	include	include	NOUN
ajfa-3759	34	6	,	,	PUNCT
ajfa-3759	34	7	but	but	CCONJ
ajfa-3759	34	8	not	not	PART
ajfa-3759	34	9	limit	limit	VERB
ajfa-3759	34	10	to	to	ADP
ajfa-3759	34	11	,	,	PUNCT
ajfa-3759	34	12	the	the	DET
ajfa-3759	34	13	volatility	volatility	NOUN
ajfa-3759	34	14	of	of	ADP
ajfa-3759	34	15	expected	expect	VERB
ajfa-3759	34	16	return	return	NOUN
ajfa-3759	34	17	of	of	ADP
ajfa-3759	34	18	a	a	DET
ajfa-3759	34	19	single	single	ADJ
ajfa-3759	34	20	stock	stock	NOUN
ajfa-3759	34	21	,	,	PUNCT
ajfa-3759	34	22	or	or	CCONJ
ajfa-3759	34	23	the	the	DET
ajfa-3759	34	24	volatility	volatility	NOUN
ajfa-3759	34	25	of	of	ADP
ajfa-3759	34	26	the	the	DET
ajfa-3759	34	27	expected	expect	VERB
ajfa-3759	34	28	return	return	NOUN
ajfa-3759	34	29	of	of	ADP
ajfa-3759	34	30	the	the	DET
ajfa-3759	34	31	entire	entire	ADJ
ajfa-3759	34	32	stock	stock	NOUN
ajfa-3759	34	33	market	market	NOUN
ajfa-3759	34	34	index	index	NOUN
ajfa-3759	34	35	.	.	PUNCT
ajfa-3759	35	1	generally	generally	ADV
ajfa-3759	35	2	,	,	PUNCT
ajfa-3759	35	3	beta	beta	ADJ
ajfa-3759	35	4	values	value	NOUN
ajfa-3759	35	5	may	may	AUX
ajfa-3759	35	6	vary	vary	VERB
ajfa-3759	35	7	from	from	ADP
ajfa-3759	35	8	0	0	NUM
ajfa-3759	35	9	to	to	ADP
ajfa-3759	35	10	2	2	NUM
ajfa-3759	35	11	with	with	ADP
ajfa-3759	35	12	a	a	DET
ajfa-3759	35	13	few	few	ADJ
ajfa-3759	35	14	values	value	NOUN
ajfa-3759	35	15	<	<	X
ajfa-3759	35	16	0	0	PUNCT
ajfa-3759	35	17	in	in	ADP
ajfa-3759	35	18	some	some	DET
ajfa-3759	35	19	specific	specific	ADJ
ajfa-3759	35	20	cases	case	NOUN
ajfa-3759	35	21	and	and	CCONJ
ajfa-3759	35	22	most	most	ADJ
ajfa-3759	35	23	values	value	NOUN
ajfa-3759	35	24	fall	fall	VERB
ajfa-3759	35	25	within	within	ADP
ajfa-3759	35	26	a	a	DET
ajfa-3759	35	27	range	range	NOUN
ajfa-3759	35	28	from	from	ADP
ajfa-3759	35	29	0	0	NUM
ajfa-3759	35	30	to	to	ADP
ajfa-3759	35	31	1	1	NUM
ajfa-3759	35	32	.	.	PUNCT
ajfa-3759	36	1	in	in	ADP
ajfa-3759	36	2	special	special	ADJ
ajfa-3759	36	3	cases	case	NOUN
ajfa-3759	36	4	,	,	PUNCT
ajfa-3759	36	5	beta	beta	ADJ
ajfa-3759	36	6	values	value	NOUN
ajfa-3759	36	7	can	can	AUX
ajfa-3759	36	8	be	be	AUX
ajfa-3759	36	9	higher	high	ADJ
ajfa-3759	36	10	than	than	ADP
ajfa-3759	36	11	(	(	PUNCT
ajfa-3759	36	12	>	>	PUNCT
ajfa-3759	36	13	)	)	PUNCT
ajfa-3759	36	14	2	2	NUM
ajfa-3759	36	15	,	,	PUNCT
ajfa-3759	36	16	which	which	PRON
ajfa-3759	36	17	means	mean	VERB
ajfa-3759	36	18	that	that	SCONJ
ajfa-3759	36	19	the	the	DET
ajfa-3759	36	20	stock	stock	NOUN
ajfa-3759	36	21	returns	return	NOUN
ajfa-3759	36	22	fall	fall	VERB
ajfa-3759	36	23	or	or	CCONJ
ajfa-3759	36	24	rise	rise	VERB
ajfa-3759	36	25	doubling	double	VERB
ajfa-3759	36	26	the	the	DET
ajfa-3759	36	27	values	value	NOUN
ajfa-3759	36	28	of	of	ADP
ajfa-3759	36	29	the	the	DET
ajfa-3759	36	30	market	market	NOUN
ajfa-3759	36	31	returns	return	NOUN
ajfa-3759	36	32	.	.	PUNCT
ajfa-3759	37	1	they	they	PRON
ajfa-3759	37	2	are	be	AUX
ajfa-3759	37	3	called	call	VERB
ajfa-3759	37	4	higher	high	ADJ
ajfa-3759	37	5	-	-	PUNCT
ajfa-3759	37	6	beta	beta	NOUN
ajfa-3759	37	7	stocks	stock	NOUN
ajfa-3759	37	8	and	and	CCONJ
ajfa-3759	37	9	become	become	VERB
ajfa-3759	37	10	riskier	risky	ADJ
ajfa-3759	37	11	with	with	ADP
ajfa-3759	37	12	the	the	DET
ajfa-3759	37	13	potential	potential	NOUN
ajfa-3759	37	14	for	for	ADP
ajfa-3759	37	15	higher	high	ADJ
ajfa-3759	37	16	return	return	NOUN
ajfa-3759	37	17	.	.	PUNCT
ajfa-3759	38	1	and	and	CCONJ
ajfa-3759	38	2	firms	firm	NOUN
ajfa-3759	38	3	with	with	ADP
ajfa-3759	38	4	beta	beta	NOUN
ajfa-3759	38	5	>	>	SYM
ajfa-3759	38	6	1	1	NUM
ajfa-3759	38	7	will	will	AUX
ajfa-3759	38	8	have	have	VERB
ajfa-3759	38	9	the	the	DET
ajfa-3759	38	10	movement	movement	NOUN
ajfa-3759	38	11	of	of	ADP
ajfa-3759	38	12	stock	stock	NOUN
ajfa-3759	38	13	price	price	NOUN
ajfa-3759	38	14	higher	high	ADJ
ajfa-3759	38	15	than	than	ADP
ajfa-3759	38	16	the	the	DET
ajfa-3759	38	17	market	market	NOUN
ajfa-3759	38	18	benchmark	benchmark	NOUN
ajfa-3759	38	19	.	.	PUNCT
ajfa-3759	39	1	then	then	ADV
ajfa-3759	39	2	,	,	PUNCT
ajfa-3759	39	3	beta	beta	NOUN
ajfa-3759	39	4	can	can	AUX
ajfa-3759	39	5	affects	affect	VERB
ajfa-3759	39	6	the	the	DET
ajfa-3759	39	7	outcomes	outcome	NOUN
ajfa-3759	39	8	of	of	ADP
ajfa-3759	39	9	valuation	valuation	NOUN
ajfa-3759	39	10	of	of	ADP
ajfa-3759	39	11	listed	list	VERB
ajfa-3759	39	12	firms	firm	NOUN
ajfa-3759	39	13	under	under	ADP
ajfa-3759	39	14	cost	cost	NOUN
ajfa-3759	39	15	of	of	ADP
ajfa-3759	39	16	capital	capital	NOUN
ajfa-3759	39	17	and	and	CCONJ
ajfa-3759	39	18	capm	capm	PROPN
ajfa-3759	39	19	model	model	NOUN
ajfa-3759	39	20	.	.	PUNCT
ajfa-3759	40	1	5	5	X
ajfa-3759	40	2	.	.	X
ajfa-3759	40	3	methodology	methodology	NOUN
ajfa-3759	40	4	the	the	DET
ajfa-3759	40	5	period	period	NOUN
ajfa-3759	40	6	2007	2007	NUM
ajfa-3759	40	7	-	-	SYM
ajfa-3759	40	8	2011	2011	NUM
ajfa-3759	40	9	is	be	AUX
ajfa-3759	40	10	the	the	DET
ajfa-3759	40	11	time	time	NOUN
ajfa-3759	40	12	highlighting	highlighting	NOUN
ajfa-3759	40	13	impacts	impact	NOUN
ajfa-3759	40	14	from	from	ADP
ajfa-3759	40	15	financial	financial	ADJ
ajfa-3759	40	16	crisis	crisis	NOUN
ajfa-3759	40	17	.	.	PUNCT
ajfa-3759	41	1	therefore	therefore	ADV
ajfa-3759	41	2	,	,	PUNCT
ajfa-3759	41	3	we	we	PRON
ajfa-3759	41	4	use	use	VERB
ajfa-3759	41	5	the	the	DET
ajfa-3759	41	6	data	datum	NOUN
ajfa-3759	41	7	from	from	ADP
ajfa-3759	41	8	the	the	DET
ajfa-3759	41	9	stock	stock	NOUN
ajfa-3759	41	10	exchange	exchange	NOUN
ajfa-3759	41	11	market	market	NOUN
ajfa-3759	41	12	in	in	ADP
ajfa-3759	41	13	viet	viet	PROPN
ajfa-3759	41	14	nam	nam	PROPN
ajfa-3759	41	15	(	(	PUNCT
ajfa-3759	41	16	hose	hose	PROPN
ajfa-3759	41	17	and	and	CCONJ
ajfa-3759	41	18	hnx	hnx	NOUN
ajfa-3759	41	19	)	)	PUNCT
ajfa-3759	41	20	during	during	ADP
ajfa-3759	41	21	the	the	DET
ajfa-3759	41	22	four	four	NUM
ajfa-3759	41	23	or	or	CCONJ
ajfa-3759	41	24	five	five	NUM
ajfa-3759	41	25	years	year	NOUN
ajfa-3759	41	26	to	to	PART
ajfa-3759	41	27	estimate	estimate	VERB
ajfa-3759	41	28	systemic	systemic	ADJ
ajfa-3759	41	29	risk	risk	NOUN
ajfa-3759	41	30	results	result	NOUN
ajfa-3759	41	31	.	.	PUNCT
ajfa-3759	42	1	firstly	firstly	ADV
ajfa-3759	42	2	,	,	PUNCT
ajfa-3759	42	3	we	we	PRON
ajfa-3759	42	4	use	use	VERB
ajfa-3759	42	5	the	the	DET
ajfa-3759	42	6	market	market	NOUN
ajfa-3759	42	7	stock	stock	NOUN
ajfa-3759	42	8	price	price	NOUN
ajfa-3759	42	9	of	of	ADP
ajfa-3759	42	10	229	229	NUM
ajfa-3759	42	11	listed	list	VERB
ajfa-3759	42	12	companies	company	NOUN
ajfa-3759	42	13	in	in	ADP
ajfa-3759	42	14	the	the	DET
ajfa-3759	42	15	materials	material	NOUN
ajfa-3759	42	16	,	,	PUNCT
ajfa-3759	42	17	consumer	consumer	NOUN
ajfa-3759	42	18	goods	good	NOUN
ajfa-3759	42	19	,	,	PUNCT
ajfa-3759	42	20	wholesale	wholesale	ADJ
ajfa-3759	42	21	/	/	SYM
ajfa-3759	42	22	retail	retail	NOUN
ajfa-3759	42	23	industries	industry	NOUN
ajfa-3759	42	24	in	in	ADP
ajfa-3759	42	25	viet	viet	PROPN
ajfa-3759	42	26	nam	nam	PROPN
ajfa-3759	42	27	stock	stock	PROPN
ajfa-3759	42	28	exchange	exchange	PROPN
ajfa-3759	42	29	market	market	NOUN
ajfa-3759	42	30	to	to	PART
ajfa-3759	42	31	calculate	calculate	VERB
ajfa-3759	42	32	the	the	DET
ajfa-3759	42	33	variability	variability	NOUN
ajfa-3759	42	34	in	in	ADP
ajfa-3759	42	35	monthly	monthly	ADJ
ajfa-3759	42	36	stock	stock	NOUN
ajfa-3759	42	37	price	price	NOUN
ajfa-3759	42	38	in	in	ADP
ajfa-3759	42	39	the	the	DET
ajfa-3759	42	40	same	same	ADJ
ajfa-3759	42	41	period	period	NOUN
ajfa-3759	42	42	;	;	PUNCT
ajfa-3759	42	43	secondly	secondly	ADV
ajfa-3759	42	44	,	,	PUNCT
ajfa-3759	42	45	we	we	PRON
ajfa-3759	42	46	estimate	estimate	VERB
ajfa-3759	42	47	the	the	DET
ajfa-3759	42	48	equity	equity	NOUN
ajfa-3759	42	49	beta	beta	NOUN
ajfa-3759	42	50	for	for	ADP
ajfa-3759	42	51	these	these	DET
ajfa-3759	42	52	three	three	NUM
ajfa-3759	42	53	(	(	PUNCT
ajfa-3759	42	54	3	3	X
ajfa-3759	42	55	)	)	PUNCT
ajfa-3759	42	56	listed	list	VERB
ajfa-3759	42	57	groups	group	NOUN
ajfa-3759	42	58	of	of	ADP
ajfa-3759	42	59	companies	company	NOUN
ajfa-3759	42	60	and	and	CCONJ
ajfa-3759	42	61	make	make	VERB
ajfa-3759	42	62	a	a	DET
ajfa-3759	42	63	comparison	comparison	NOUN
ajfa-3759	42	64	.	.	PUNCT
ajfa-3759	43	1	thirdly	thirdly	ADV
ajfa-3759	43	2	,	,	PUNCT
ajfa-3759	43	3	from	from	ADP
ajfa-3759	43	4	the	the	DET
ajfa-3759	43	5	equity	equity	NOUN
ajfa-3759	43	6	beta	beta	NOUN
ajfa-3759	43	7	values	value	NOUN
ajfa-3759	43	8	of	of	ADP
ajfa-3759	43	9	these	these	DET
ajfa-3759	43	10	listed	list	VERB
ajfa-3759	43	11	companies	company	NOUN
ajfa-3759	43	12	,	,	PUNCT
ajfa-3759	43	13	we	we	PRON
ajfa-3759	43	14	perform	perform	VERB
ajfa-3759	43	15	a	a	DET
ajfa-3759	43	16	comparative	comparative	ADJ
ajfa-3759	43	17	analysis	analysis	NOUN
ajfa-3759	43	18	between	between	ADP
ajfa-3759	43	19	equity	equity	NOUN
ajfa-3759	43	20	and	and	CCONJ
ajfa-3759	43	21	asset	asset	NOUN
ajfa-3759	43	22	beta	beta	NOUN
ajfa-3759	43	23	values	value	NOUN
ajfa-3759	43	24	of	of	ADP
ajfa-3759	43	25	these	these	DET
ajfa-3759	43	26	3	3	NUM
ajfa-3759	43	27	companies	company	NOUN
ajfa-3759	43	28	groups	group	NOUN
ajfa-3759	43	29	in	in	ADP
ajfa-3759	43	30	viet	viet	PROPN
ajfa-3759	43	31	nam	nam	PROPN
ajfa-3759	43	32	.	.	PUNCT
ajfa-3759	44	1	finally	finally	ADV
ajfa-3759	44	2	,	,	PUNCT
ajfa-3759	44	3	we	we	PRON
ajfa-3759	44	4	use	use	VERB
ajfa-3759	44	5	the	the	DET
ajfa-3759	44	6	results	result	NOUN
ajfa-3759	44	7	to	to	PART
ajfa-3759	44	8	suggest	suggest	VERB
ajfa-3759	44	9	policy	policy	NOUN
ajfa-3759	44	10	for	for	ADP
ajfa-3759	44	11	both	both	DET
ajfa-3759	44	12	these	these	DET
ajfa-3759	44	13	enterprises	enterprise	NOUN
ajfa-3759	44	14	,	,	PUNCT
ajfa-3759	44	15	financial	financial	ADJ
ajfa-3759	44	16	services	service	NOUN
ajfa-3759	44	17	institutions	institution	NOUN
ajfa-3759	44	18	and	and	CCONJ
ajfa-3759	44	19	relevant	relevant	ADJ
ajfa-3759	44	20	organizations	organization	NOUN
ajfa-3759	44	21	.	.	PUNCT
ajfa-3759	45	1	asian	asian	ADJ
ajfa-3759	45	2	journal	journal	PROPN
ajfa-3759	45	3	of	of	ADP
ajfa-3759	45	4	finance	finance	PROPN
ajfa-3759	45	5	&	&	CCONJ
ajfa-3759	45	6	accounting	accounting	PROPN
ajfa-3759	45	7	issn	issn	PROPN
ajfa-3759	45	8	1946	1946	NUM
ajfa-3759	45	9	-	-	PUNCT
ajfa-3759	45	10	052x	052x	NOUN
ajfa-3759	45	11	2013	2013	NUM
ajfa-3759	45	12	,	,	PUNCT
ajfa-3759	45	13	vol	vol	NOUN
ajfa-3759	45	14	.	.	PROPN
ajfa-3759	45	15	5	5	NUM
ajfa-3759	45	16	,	,	PUNCT
ajfa-3759	45	17	no	no	INTJ
ajfa-3759	45	18	.	.	NOUN
ajfa-3759	45	19	2	2	NUM
ajfa-3759	45	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3759	45	21	206	206	NUM
ajfa-3759	45	22	the	the	DET
ajfa-3759	45	23	below	below	ADJ
ajfa-3759	45	24	table	table	NOUN
ajfa-3759	45	25	gives	give	VERB
ajfa-3759	45	26	us	we	PRON
ajfa-3759	45	27	the	the	DET
ajfa-3759	45	28	number	number	NOUN
ajfa-3759	45	29	of	of	ADP
ajfa-3759	45	30	material	material	NOUN
ajfa-3759	45	31	,	,	PUNCT
ajfa-3759	45	32	wholesale	wholesale	ADJ
ajfa-3759	45	33	and	and	CCONJ
ajfa-3759	45	34	retail	retail	ADJ
ajfa-3759	45	35	firms	firm	NOUN
ajfa-3759	45	36	used	use	VERB
ajfa-3759	45	37	in	in	ADP
ajfa-3759	45	38	the	the	DET
ajfa-3759	45	39	research	research	NOUN
ajfa-3759	45	40	of	of	ADP
ajfa-3759	45	41	estimating	estimate	VERB
ajfa-3759	45	42	beta	beta	NOUN
ajfa-3759	45	43	:	:	PUNCT
ajfa-3759	45	44	market	market	NOUN
ajfa-3759	45	45	listed	list	VERB
ajfa-3759	45	46	material	material	NOUN
ajfa-3759	45	47	companies	company	NOUN
ajfa-3759	45	48	(	(	PUNCT
ajfa-3759	45	49	1	1	X
ajfa-3759	45	50	)	)	PUNCT
ajfa-3759	45	51	listed	list	VERB
ajfa-3759	45	52	consumer	consumer	NOUN
ajfa-3759	45	53	good	good	ADJ
ajfa-3759	45	54	companies	company	NOUN
ajfa-3759	45	55	(	(	PUNCT
ajfa-3759	45	56	2	2	X
ajfa-3759	45	57	)	)	PUNCT
ajfa-3759	45	58	listed	list	VERB
ajfa-3759	45	59	wholesale	wholesale	ADJ
ajfa-3759	45	60	and	and	CCONJ
ajfa-3759	45	61	retail	retail	ADJ
ajfa-3759	45	62	companies	company	NOUN
ajfa-3759	45	63	(	(	PUNCT
ajfa-3759	45	64	3	3	X
ajfa-3759	45	65	)	)	PUNCT
ajfa-3759	45	66	note	note	NOUN
ajfa-3759	45	67	(	(	PUNCT
ajfa-3759	45	68	4	4	NUM
ajfa-3759	45	69	)	)	PUNCT
ajfa-3759	45	70	viet	viet	NOUN
ajfa-3759	45	71	nam	nam	NOUN
ajfa-3759	45	72	55	55	NUM
ajfa-3759	45	73	70	70	NUM
ajfa-3759	45	74	3	3	NUM
ajfa-3759	45	75	estimating	estimate	VERB
ajfa-3759	45	76	by	by	ADP
ajfa-3759	45	77	traditional	traditional	ADJ
ajfa-3759	45	78	method	method	NOUN
ajfa-3759	45	79	44	44	NUM
ajfa-3759	45	80	51	51	NUM
ajfa-3759	45	81	6	6	NUM
ajfa-3759	45	82	estimating	estimate	VERB
ajfa-3759	45	83	by	by	ADP
ajfa-3759	45	84	comparative	comparative	ADJ
ajfa-3759	45	85	method	method	NOUN
ajfa-3759	45	86	total	total	NOUN
ajfa-3759	45	87	99	99	NUM
ajfa-3759	45	88	121	121	NUM
ajfa-3759	45	89	9	9	NUM
ajfa-3759	45	90	total	total	ADJ
ajfa-3759	45	91	firms	firm	NOUN
ajfa-3759	45	92	in	in	ADP
ajfa-3759	45	93	groups	group	NOUN
ajfa-3759	45	94	:	:	PUNCT
ajfa-3759	45	95	229	229	NUM
ajfa-3759	45	96	(	(	PUNCT
ajfa-3759	45	97	note	note	NOUN
ajfa-3759	45	98	:	:	PUNCT
ajfa-3759	45	99	the	the	DET
ajfa-3759	45	100	above	above	ADJ
ajfa-3759	45	101	data	datum	NOUN
ajfa-3759	45	102	is	be	AUX
ajfa-3759	45	103	at	at	ADP
ajfa-3759	45	104	the	the	DET
ajfa-3759	45	105	december	december	PROPN
ajfa-3759	45	106	12th	12th	NOUN
ajfa-3759	45	107	,	,	PUNCT
ajfa-3759	45	108	2012	2012	NUM
ajfa-3759	45	109	,	,	PUNCT
ajfa-3759	45	110	from	from	ADP
ajfa-3759	45	111	viet	viet	PROPN
ajfa-3759	45	112	nam	nam	PROPN
ajfa-3759	45	113	stock	stock	PROPN
ajfa-3759	45	114	exchange	exchange	PROPN
ajfa-3759	45	115	)	)	PUNCT
ajfa-3759	45	116	6	6	NUM
ajfa-3759	45	117	.	.	PUNCT
ajfa-3759	46	1	general	general	ADJ
ajfa-3759	46	2	data	datum	NOUN
ajfa-3759	46	3	analysis	analysis	NOUN
ajfa-3759	46	4	there	there	PRON
ajfa-3759	46	5	is	be	VERB
ajfa-3759	46	6	a	a	DET
ajfa-3759	46	7	sample	sample	NOUN
ajfa-3759	46	8	of	of	ADP
ajfa-3759	46	9	229	229	NUM
ajfa-3759	46	10	firms	firm	NOUN
ajfa-3759	46	11	in	in	ADP
ajfa-3759	46	12	3	3	NUM
ajfa-3759	46	13	categories	category	NOUN
ajfa-3759	46	14	of	of	ADP
ajfa-3759	46	15	industries	industry	NOUN
ajfa-3759	46	16	:	:	PUNCT
ajfa-3759	46	17	materials	material	NOUN
ajfa-3759	46	18	,	,	PUNCT
ajfa-3759	46	19	consumer	consumer	NOUN
ajfa-3759	46	20	goods	good	NOUN
ajfa-3759	46	21	,	,	PUNCT
ajfa-3759	46	22	wholesale	wholesale	ADJ
ajfa-3759	46	23	and	and	CCONJ
ajfa-3759	46	24	retail	retail	ADJ
ajfa-3759	46	25	companies	company	NOUN
ajfa-3759	46	26	groups	group	NOUN
ajfa-3759	46	27	,	,	PUNCT
ajfa-3759	46	28	and	and	CCONJ
ajfa-3759	46	29	the	the	DET
ajfa-3759	46	30	mean	mean	NOUN
ajfa-3759	46	31	of	of	ADP
ajfa-3759	46	32	equity	equity	NOUN
ajfa-3759	46	33	beta	beta	NOUN
ajfa-3759	46	34	is	be	AUX
ajfa-3759	46	35	valued	value	VERB
ajfa-3759	46	36	at	at	ADP
ajfa-3759	46	37	0,715	0,715	NUM
ajfa-3759	46	38	while	while	SCONJ
ajfa-3759	46	39	that	that	PRON
ajfa-3759	46	40	of	of	ADP
ajfa-3759	46	41	asset	asset	NOUN
ajfa-3759	46	42	beta	beta	NOUN
ajfa-3759	46	43	is	be	AUX
ajfa-3759	46	44	about	about	ADV
ajfa-3759	46	45	0,352	0,352	NUM
ajfa-3759	46	46	.	.	PUNCT
ajfa-3759	47	1	these	these	DET
ajfa-3759	47	2	data	datum	NOUN
ajfa-3759	47	3	are	be	AUX
ajfa-3759	47	4	acceptable	acceptable	ADJ
ajfa-3759	47	5	values	value	NOUN
ajfa-3759	47	6	during	during	ADP
ajfa-3759	47	7	the	the	DET
ajfa-3759	47	8	crisis	crisis	NOUN
ajfa-3759	47	9	.	.	PUNCT
ajfa-3759	48	1	furthermore	furthermore	ADV
ajfa-3759	48	2	,	,	PUNCT
ajfa-3759	48	3	the	the	DET
ajfa-3759	48	4	sample	sample	NOUN
ajfa-3759	48	5	variance	variance	NOUN
ajfa-3759	48	6	of	of	ADP
ajfa-3759	48	7	asset	asset	NOUN
ajfa-3759	48	8	beta	beta	NOUN
ajfa-3759	48	9	is	be	AUX
ajfa-3759	48	10	quite	quite	ADV
ajfa-3759	48	11	low	low	ADJ
ajfa-3759	48	12	(	(	PUNCT
ajfa-3759	48	13	0,0896	0,0896	NOUN
ajfa-3759	48	14	)	)	PUNCT
ajfa-3759	48	15	which	which	PRON
ajfa-3759	48	16	is	be	AUX
ajfa-3759	48	17	a	a	DET
ajfa-3759	48	18	good	good	ADJ
ajfa-3759	48	19	number	number	NOUN
ajfa-3759	48	20	,	,	PUNCT
ajfa-3759	48	21	while	while	SCONJ
ajfa-3759	48	22	that	that	PRON
ajfa-3759	48	23	of	of	ADP
ajfa-3759	48	24	equity	equity	NOUN
ajfa-3759	48	25	beta	beta	NOUN
ajfa-3759	48	26	is	be	AUX
ajfa-3759	48	27	a	a	DET
ajfa-3759	48	28	little	little	ADJ
ajfa-3759	48	29	bit	bit	NOUN
ajfa-3759	48	30	higher	high	ADJ
ajfa-3759	48	31	(	(	PUNCT
ajfa-3759	48	32	0,2476	0,2476	NOUN
ajfa-3759	48	33	)	)	PUNCT
ajfa-3759	48	34	.	.	PUNCT
ajfa-3759	49	1	this	this	PRON
ajfa-3759	49	2	shows	show	VERB
ajfa-3759	49	3	us	we	PRON
ajfa-3759	49	4	that	that	SCONJ
ajfa-3759	49	5	the	the	DET
ajfa-3759	49	6	effectiveness	effectiveness	NOUN
ajfa-3759	49	7	of	of	ADP
ajfa-3759	49	8	using	use	VERB
ajfa-3759	49	9	financial	financial	ADJ
ajfa-3759	49	10	leverage	leverage	NOUN
ajfa-3759	49	11	has	have	AUX
ajfa-3759	49	12	decreased	decrease	VERB
ajfa-3759	49	13	the	the	DET
ajfa-3759	49	14	systemic	systemic	ADJ
ajfa-3759	49	15	risk	risk	NOUN
ajfa-3759	49	16	for	for	ADP
ajfa-3759	49	17	the	the	DET
ajfa-3759	49	18	whole	whole	ADJ
ajfa-3759	49	19	industry	industry	NOUN
ajfa-3759	49	20	.	.	PUNCT
ajfa-3759	50	1	however	however	ADV
ajfa-3759	50	2	,	,	PUNCT
ajfa-3759	50	3	the	the	DET
ajfa-3759	50	4	max	max	PROPN
ajfa-3759	50	5	and	and	CCONJ
ajfa-3759	50	6	min	min	NOUN
ajfa-3759	50	7	values	value	NOUN
ajfa-3759	50	8	of	of	ADP
ajfa-3759	50	9	beta	beta	NOUN
ajfa-3759	50	10	are	be	AUX
ajfa-3759	50	11	still	still	ADV
ajfa-3759	50	12	somewhat	somewhat	ADV
ajfa-3759	50	13	large	large	ADJ
ajfa-3759	50	14	.	.	PUNCT
ajfa-3759	51	1	max	max	PROPN
ajfa-3759	51	2	equity	equity	PROPN
ajfa-3759	51	3	beta	beta	NOUN
ajfa-3759	51	4	value	value	NOUN
ajfa-3759	51	5	is	be	AUX
ajfa-3759	51	6	up	up	ADP
ajfa-3759	51	7	to	to	ADP
ajfa-3759	51	8	2,089	2,089	NUM
ajfa-3759	51	9	that	that	PRON
ajfa-3759	51	10	is	be	AUX
ajfa-3759	51	11	a	a	DET
ajfa-3759	51	12	little	little	ADJ
ajfa-3759	51	13	bit	bit	NOUN
ajfa-3759	51	14	high	high	ADJ
ajfa-3759	51	15	,	,	PUNCT
ajfa-3759	51	16	compared	compare	VERB
ajfa-3759	51	17	to	to	ADP
ajfa-3759	51	18	max	max	PROPN
ajfa-3759	51	19	asset	asset	NOUN
ajfa-3759	51	20	beta	beta	NOUN
ajfa-3759	51	21	value	value	NOUN
ajfa-3759	51	22	is	be	AUX
ajfa-3759	51	23	just	just	ADV
ajfa-3759	51	24	1,162	1,162	NUM
ajfa-3759	51	25	that	that	PRON
ajfa-3759	51	26	is	be	AUX
ajfa-3759	51	27	acceptable	acceptable	ADJ
ajfa-3759	51	28	.	.	PUNCT
ajfa-3759	52	1	looking	look	VERB
ajfa-3759	52	2	at	at	ADP
ajfa-3759	52	3	the	the	DET
ajfa-3759	52	4	table	table	NOUN
ajfa-3759	52	5	2	2	NUM
ajfa-3759	52	6	(	(	PUNCT
ajfa-3759	52	7	below	below	ADV
ajfa-3759	52	8	)	)	PUNCT
ajfa-3759	52	9	,	,	PUNCT
ajfa-3759	52	10	we	we	PRON
ajfa-3759	52	11	can	can	AUX
ajfa-3759	52	12	see	see	VERB
ajfa-3759	52	13	there	there	PRON
ajfa-3759	52	14	is	be	VERB
ajfa-3759	52	15	26	26	NUM
ajfa-3759	52	16	%	%	NOUN
ajfa-3759	52	17	,	,	PUNCT
ajfa-3759	52	18	or	or	CCONJ
ajfa-3759	52	19	60	60	NUM
ajfa-3759	52	20	listed	list	VERB
ajfa-3759	52	21	firms	firm	NOUN
ajfa-3759	52	22	still	still	ADV
ajfa-3759	52	23	have	have	VERB
ajfa-3759	52	24	beta	beta	ADJ
ajfa-3759	52	25	values	value	NOUN
ajfa-3759	52	26	larger	large	ADJ
ajfa-3759	52	27	than	than	ADP
ajfa-3759	52	28	(	(	PUNCT
ajfa-3759	52	29	>	>	PUNCT
ajfa-3759	52	30	)	)	PUNCT
ajfa-3759	52	31	1	1	NUM
ajfa-3759	52	32	,	,	PUNCT
ajfa-3759	52	33	whereas	whereas	SCONJ
ajfa-3759	52	34	there	there	PRON
ajfa-3759	52	35	is	be	VERB
ajfa-3759	52	36	72	72	NUM
ajfa-3759	52	37	%	%	NOUN
ajfa-3759	52	38	or	or	CCONJ
ajfa-3759	52	39	166	166	NUM
ajfa-3759	52	40	firms	firm	NOUN
ajfa-3759	52	41	whose	whose	DET
ajfa-3759	52	42	beta	beta	ADJ
ajfa-3759	52	43	values	value	NOUN
ajfa-3759	52	44	lower	low	ADJ
ajfa-3759	52	45	than	than	ADP
ajfa-3759	52	46	(	(	PUNCT
ajfa-3759	52	47	<	<	NOUN
ajfa-3759	52	48	)	)	PUNCT
ajfa-3759	52	49	1	1	NUM
ajfa-3759	52	50	and	and	CCONJ
ajfa-3759	52	51	higher	high	ADJ
ajfa-3759	52	52	than	than	ADP
ajfa-3759	52	53	(	(	PUNCT
ajfa-3759	52	54	>	>	PUNCT
ajfa-3759	52	55	)	)	PUNCT
ajfa-3759	52	56	0	0	NUM
ajfa-3759	52	57	.	.	PUNCT
ajfa-3759	52	58	value	value	NOUN
ajfa-3759	52	59	of	of	ADP
ajfa-3759	52	60	equity	equity	NOUN
ajfa-3759	52	61	beta	beta	NOUN
ajfa-3759	52	62	varies	vary	VERB
ajfa-3759	52	63	in	in	ADP
ajfa-3759	52	64	a	a	DET
ajfa-3759	52	65	range	range	NOUN
ajfa-3759	52	66	from	from	ADP
ajfa-3759	52	67	2,089	2,089	NUM
ajfa-3759	52	68	(	(	PUNCT
ajfa-3759	52	69	max	max	PROPN
ajfa-3759	52	70	)	)	PUNCT
ajfa-3759	52	71	to	to	PART
ajfa-3759	52	72	-1,712	-1,712	VERB
ajfa-3759	52	73	(	(	PUNCT
ajfa-3759	52	74	min	min	NOUN
ajfa-3759	52	75	)	)	PUNCT
ajfa-3759	52	76	and	and	CCONJ
ajfa-3759	52	77	that	that	PRON
ajfa-3759	52	78	of	of	ADP
ajfa-3759	52	79	asset	asset	NOUN
ajfa-3759	52	80	beta	beta	NOUN
ajfa-3759	52	81	varies	vary	VERB
ajfa-3759	52	82	in	in	ADP
ajfa-3759	52	83	a	a	DET
ajfa-3759	52	84	range	range	NOUN
ajfa-3759	52	85	from	from	ADP
ajfa-3759	52	86	1,162	1,162	NUM
ajfa-3759	52	87	(	(	PUNCT
ajfa-3759	52	88	max	max	PROPN
ajfa-3759	52	89	)	)	PUNCT
ajfa-3759	52	90	to	to	PART
ajfa-3759	52	91	-1,377	-1,377	VERB
ajfa-3759	52	92	(	(	PUNCT
ajfa-3759	52	93	min	min	NOUN
ajfa-3759	52	94	)	)	PUNCT
ajfa-3759	52	95	.	.	PUNCT
ajfa-3759	53	1	some	some	DET
ajfa-3759	53	2	companies	company	NOUN
ajfa-3759	53	3	still	still	ADV
ajfa-3759	53	4	has	have	VERB
ajfa-3759	53	5	larger	large	ADJ
ajfa-3759	53	6	risk	risk	NOUN
ajfa-3759	53	7	exposure	exposure	NOUN
ajfa-3759	53	8	than	than	ADP
ajfa-3759	53	9	most	most	ADJ
ajfa-3759	53	10	of	of	ADP
ajfa-3759	53	11	the	the	DET
ajfa-3759	53	12	others	other	NOUN
ajfa-3759	53	13	.	.	PUNCT
ajfa-3759	54	1	there	there	PRON
ajfa-3759	54	2	are	be	VERB
ajfa-3759	54	3	3	3	NUM
ajfa-3759	54	4	listed	list	VERB
ajfa-3759	54	5	companies	company	NOUN
ajfa-3759	54	6	whose	whose	DET
ajfa-3759	54	7	betas	beta	NOUN
ajfa-3759	54	8	are	be	AUX
ajfa-3759	54	9	lower	low	ADJ
ajfa-3759	54	10	than	than	ADP
ajfa-3759	54	11	(	(	PUNCT
ajfa-3759	54	12	<	<	X
ajfa-3759	54	13	)	)	PUNCT
ajfa-3759	54	14	0	0	NUM
ajfa-3759	54	15	,	,	PUNCT
ajfa-3759	54	16	which	which	PRON
ajfa-3759	54	17	means	mean	VERB
ajfa-3759	54	18	the	the	DET
ajfa-3759	54	19	stock	stock	NOUN
ajfa-3759	54	20	return	return	NOUN
ajfa-3759	54	21	moves	move	NOUN
ajfa-3759	54	22	in	in	ADP
ajfa-3759	54	23	a	a	DET
ajfa-3759	54	24	opposite	opposite	ADJ
ajfa-3759	54	25	direction	direction	NOUN
ajfa-3759	54	26	to	to	ADP
ajfa-3759	54	27	the	the	DET
ajfa-3759	54	28	market	market	NOUN
ajfa-3759	54	29	index	index	NOUN
ajfa-3759	54	30	.	.	PUNCT
ajfa-3759	55	1	next	next	ADV
ajfa-3759	55	2	,	,	PUNCT
ajfa-3759	55	3	asset	asset	NOUN
ajfa-3759	55	4	beta	beta	NOUN
ajfa-3759	55	5	max	max	PROPN
ajfa-3759	55	6	value	value	NOUN
ajfa-3759	55	7	is	be	AUX
ajfa-3759	55	8	1,162	1,162	NUM
ajfa-3759	55	9	and	and	CCONJ
ajfa-3759	55	10	min	min	NOUN
ajfa-3759	55	11	value	value	NOUN
ajfa-3759	55	12	is	be	AUX
ajfa-3759	55	13	-1,377	-1,377	PUNCT
ajfa-3759	55	14	which	which	PRON
ajfa-3759	55	15	show	show	VERB
ajfa-3759	55	16	us	we	PRON
ajfa-3759	55	17	that	that	SCONJ
ajfa-3759	55	18	if	if	SCONJ
ajfa-3759	55	19	beta	beta	NOUN
ajfa-3759	55	20	of	of	ADP
ajfa-3759	55	21	debt	debt	NOUN
ajfa-3759	55	22	is	be	AUX
ajfa-3759	55	23	assumed	assume	VERB
ajfa-3759	55	24	to	to	PART
ajfa-3759	55	25	be	be	AUX
ajfa-3759	55	26	zero	zero	NUM
ajfa-3759	55	27	(	(	PUNCT
ajfa-3759	55	28	0	0	NUM
ajfa-3759	55	29	)	)	PUNCT
ajfa-3759	55	30	,	,	PUNCT
ajfa-3759	55	31	the	the	DET
ajfa-3759	55	32	company	company	NOUN
ajfa-3759	55	33	’s	’s	PART
ajfa-3759	55	34	financial	financial	ADJ
ajfa-3759	55	35	leverage	leverage	NOUN
ajfa-3759	55	36	contributes	contribute	VERB
ajfa-3759	55	37	to	to	ADP
ajfa-3759	55	38	a	a	DET
ajfa-3759	55	39	decrease	decrease	NOUN
ajfa-3759	55	40	in	in	ADP
ajfa-3759	55	41	the	the	DET
ajfa-3759	55	42	market	market	NOUN
ajfa-3759	55	43	risk	risk	NOUN
ajfa-3759	55	44	level	level	NOUN
ajfa-3759	55	45	.	.	PUNCT
ajfa-3759	56	1	lastly	lastly	ADV
ajfa-3759	56	2	,	,	PUNCT
ajfa-3759	56	3	we	we	PRON
ajfa-3759	56	4	can	can	AUX
ajfa-3759	56	5	see	see	VERB
ajfa-3759	56	6	the	the	DET
ajfa-3759	56	7	relatively	relatively	ADV
ajfa-3759	56	8	high	high	ADJ
ajfa-3759	56	9	difference	difference	NOUN
ajfa-3759	56	10	between	between	ADP
ajfa-3759	56	11	max	max	PROPN
ajfa-3759	56	12	equity	equity	PROPN
ajfa-3759	56	13	and	and	CCONJ
ajfa-3759	56	14	max	max	PROPN
ajfa-3759	56	15	asset	asset	NOUN
ajfa-3759	56	16	beta	beta	NOUN
ajfa-3759	56	17	values	value	NOUN
ajfa-3759	56	18	,	,	PUNCT
ajfa-3759	56	19	which	which	PRON
ajfa-3759	56	20	is	be	AUX
ajfa-3759	56	21	about	about	ADP
ajfa-3759	56	22	0,9268	0,9268	NOUN
ajfa-3759	56	23	,	,	PUNCT
ajfa-3759	56	24	whereas	whereas	SCONJ
ajfa-3759	56	25	there	there	PRON
ajfa-3759	56	26	is	be	VERB
ajfa-3759	56	27	a	a	DET
ajfa-3759	56	28	smaller	small	ADJ
ajfa-3759	56	29	difference	difference	NOUN
ajfa-3759	56	30	between	between	ADP
ajfa-3759	56	31	equity	equity	NOUN
ajfa-3759	56	32	and	and	CCONJ
ajfa-3759	56	33	asset	asset	NOUN
ajfa-3759	56	34	beta	beta	NOUN
ajfa-3759	56	35	variance	variance	NOUN
ajfa-3759	56	36	values	value	NOUN
ajfa-3759	56	37	which	which	PRON
ajfa-3759	56	38	is	be	AUX
ajfa-3759	56	39	just	just	ADV
ajfa-3759	56	40	0,158	0,158	NUM
ajfa-3759	56	41	;	;	PUNCT
ajfa-3759	56	42	so	so	ADV
ajfa-3759	56	43	,	,	PUNCT
ajfa-3759	56	44	there	there	PRON
ajfa-3759	56	45	is	be	VERB
ajfa-3759	56	46	certain	certain	ADJ
ajfa-3759	56	47	impact	impact	NOUN
ajfa-3759	56	48	on	on	ADP
ajfa-3759	56	49	systemic	systemic	ADJ
ajfa-3759	56	50	risk	risk	NOUN
ajfa-3759	56	51	of	of	ADP
ajfa-3759	56	52	certain	certain	ADJ
ajfa-3759	56	53	firms	firm	NOUN
ajfa-3759	56	54	in	in	ADP
ajfa-3759	56	55	term	term	NOUN
ajfa-3759	56	56	of	of	ADP
ajfa-3759	56	57	using	use	VERB
ajfa-3759	56	58	leverage	leverage	NOUN
ajfa-3759	56	59	while	while	SCONJ
ajfa-3759	56	60	it	it	PRON
ajfa-3759	56	61	indicates	indicate	VERB
ajfa-3759	56	62	for	for	ADP
ajfa-3759	56	63	most	most	ADJ
ajfa-3759	56	64	of	of	ADP
ajfa-3759	56	65	firms	firm	NOUN
ajfa-3759	56	66	that	that	SCONJ
ajfa-3759	56	67	financial	financial	ADJ
ajfa-3759	56	68	leverage	leverage	NOUN
ajfa-3759	56	69	can	can	AUX
ajfa-3759	56	70	enable	enable	VERB
ajfa-3759	56	71	them	they	PRON
ajfa-3759	56	72	to	to	PART
ajfa-3759	56	73	reduce	reduce	VERB
ajfa-3759	56	74	market	market	NOUN
ajfa-3759	56	75	risk	risk	NOUN
ajfa-3759	56	76	.	.	PUNCT
ajfa-3759	57	1	and	and	CCONJ
ajfa-3759	57	2	there	there	PRON
ajfa-3759	57	3	is	be	VERB
ajfa-3759	57	4	not	not	PART
ajfa-3759	57	5	quite	quite	ADV
ajfa-3759	57	6	big	big	ADJ
ajfa-3759	57	7	effect	effect	NOUN
ajfa-3759	57	8	from	from	ADP
ajfa-3759	57	9	financial	financial	ADJ
ajfa-3759	57	10	leverage	leverage	NOUN
ajfa-3759	57	11	asian	asian	ADJ
ajfa-3759	57	12	journal	journal	NOUN
ajfa-3759	57	13	of	of	ADP
ajfa-3759	57	14	finance	finance	PROPN
ajfa-3759	57	15	&	&	CCONJ
ajfa-3759	57	16	accounting	accounting	PROPN
ajfa-3759	57	17	issn	issn	PROPN
ajfa-3759	57	18	1946	1946	NUM
ajfa-3759	57	19	-	-	PUNCT
ajfa-3759	57	20	052x	052x	NOUN
ajfa-3759	57	21	2013	2013	NUM
ajfa-3759	57	22	,	,	PUNCT
ajfa-3759	57	23	vol	vol	NOUN
ajfa-3759	57	24	.	.	PROPN
ajfa-3759	57	25	5	5	NUM
ajfa-3759	57	26	,	,	PUNCT
ajfa-3759	57	27	no	no	INTJ
ajfa-3759	57	28	.	.	NOUN
ajfa-3759	57	29	2	2	NUM
ajfa-3759	57	30	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3759	57	31	207	207	NUM
ajfa-3759	57	32	on	on	ADP
ajfa-3759	57	33	the	the	DET
ajfa-3759	57	34	gap	gap	NOUN
ajfa-3759	57	35	between	between	ADP
ajfa-3759	57	36	company	company	NOUN
ajfa-3759	57	37	’s	’s	PART
ajfa-3759	57	38	beta	beta	ADJ
ajfa-3759	57	39	variance	variance	NOUN
ajfa-3759	57	40	values	value	NOUN
ajfa-3759	57	41	.	.	PUNCT
ajfa-3759	58	1	table	table	NOUN
ajfa-3759	58	2	1	1	NUM
ajfa-3759	58	3	.	.	PUNCT
ajfa-3759	58	4	estimating	estimate	VERB
ajfa-3759	58	5	beta	beta	ADJ
ajfa-3759	58	6	results	result	NOUN
ajfa-3759	58	7	for	for	ADP
ajfa-3759	58	8	three	three	NUM
ajfa-3759	58	9	(	(	PUNCT
ajfa-3759	58	10	3	3	NUM
ajfa-3759	58	11	)	)	PUNCT
ajfa-3759	58	12	viet	viet	NOUN
ajfa-3759	58	13	nam	nam	PROPN
ajfa-3759	58	14	listed	list	VERB
ajfa-3759	58	15	consumer	consumer	NOUN
ajfa-3759	58	16	good	good	NOUN
ajfa-3759	58	17	,	,	PUNCT
ajfa-3759	58	18	wholesale	wholesale	ADJ
ajfa-3759	58	19	and	and	CCONJ
ajfa-3759	58	20	retail	retail	ADJ
ajfa-3759	58	21	companies	company	NOUN
ajfa-3759	58	22	groups	group	NOUN
ajfa-3759	58	23	(	(	PUNCT
ajfa-3759	58	24	as	as	ADP
ajfa-3759	58	25	of	of	ADP
ajfa-3759	58	26	dec	dec	PROPN
ajfa-3759	58	27	2012	2012	NUM
ajfa-3759	58	28	)	)	PUNCT
ajfa-3759	58	29	(	(	PUNCT
ajfa-3759	58	30	source	source	NOUN
ajfa-3759	58	31	:	:	PUNCT
ajfa-3759	58	32	viet	viet	PROPN
ajfa-3759	58	33	nam	nam	PROPN
ajfa-3759	58	34	stock	stock	PROPN
ajfa-3759	58	35	exchange	exchange	PROPN
ajfa-3759	58	36	data	data	PROPN
ajfa-3759	58	37	)	)	PUNCT
ajfa-3759	58	38	statistic	statistic	NOUN
ajfa-3759	58	39	results	result	VERB
ajfa-3759	58	40	equity	equity	NOUN
ajfa-3759	58	41	beta	beta	NOUN
ajfa-3759	58	42	asset	asset	NOUN
ajfa-3759	58	43	beta	beta	NOUN
ajfa-3759	58	44	(	(	PUNCT
ajfa-3759	58	45	assume	assume	VERB
ajfa-3759	59	1	debt	debt	NOUN
ajfa-3759	59	2	beta	beta	NOUN
ajfa-3759	59	3	=	=	SYM
ajfa-3759	59	4	0	0	NUM
ajfa-3759	59	5	)	)	PUNCT
ajfa-3759	59	6	difference	difference	NOUN
ajfa-3759	59	7	max	max	PROPN
ajfa-3759	59	8	2,089	2,089	NUM
ajfa-3759	59	9	1,162	1,162	NUM
ajfa-3759	59	10	0,9268	0,9268	PROPN
ajfa-3759	59	11	min	min	NOUN
ajfa-3759	59	12	-1,712	-1,712	ADJ
ajfa-3759	59	13	-1,377	-1,377	INTJ
ajfa-3759	60	1	-0,3354	-0,3354	INTJ
ajfa-3759	60	2	mean	mean	VERB
ajfa-3759	60	3	0,715	0,715	NUM
ajfa-3759	60	4	0,352	0,352	NUM
ajfa-3759	60	5	0,3631	0,3631	PROPN
ajfa-3759	60	6	var	var	NOUN
ajfa-3759	60	7	0,2476	0,2476	NOUN
ajfa-3759	60	8	0,0896	0,0896	NOUN
ajfa-3759	60	9	0,1580	0,1580	NOUN
ajfa-3759	60	10	note	note	NOUN
ajfa-3759	60	11	:	:	PUNCT
ajfa-3759	60	12	sample	sample	NOUN
ajfa-3759	60	13	size	size	NOUN
ajfa-3759	60	14	:	:	PUNCT
ajfa-3759	60	15	229	229	NUM
ajfa-3759	60	16	table	table	NOUN
ajfa-3759	60	17	2	2	NUM
ajfa-3759	60	18	.	.	PUNCT
ajfa-3759	61	1	the	the	DET
ajfa-3759	61	2	number	number	NOUN
ajfa-3759	61	3	of	of	ADP
ajfa-3759	61	4	companies	company	NOUN
ajfa-3759	61	5	in	in	ADP
ajfa-3759	61	6	research	research	NOUN
ajfa-3759	61	7	sample	sample	NOUN
ajfa-3759	61	8	with	with	ADP
ajfa-3759	61	9	different	different	ADJ
ajfa-3759	61	10	beta	beta	ADJ
ajfa-3759	61	11	values	value	NOUN
ajfa-3759	61	12	and	and	CCONJ
ajfa-3759	61	13	financial	financial	ADJ
ajfa-3759	61	14	leverage	leverage	NOUN
ajfa-3759	61	15	equity	equity	NOUN
ajfa-3759	61	16	beta	beta	NOUN
ajfa-3759	61	17	no	no	PROPN
ajfa-3759	61	18	.	.	PUNCT
ajfa-3759	61	19	of	of	ADP
ajfa-3759	61	20	firms	firm	NOUN
ajfa-3759	61	21	financial	financial	ADJ
ajfa-3759	61	22	leverage	leverage	NOUN
ajfa-3759	61	23	(	(	PUNCT
ajfa-3759	61	24	average	average	ADJ
ajfa-3759	61	25	)	)	PUNCT
ajfa-3759	61	26	ratio	ratio	NOUN
ajfa-3759	61	27	<	<	X
ajfa-3759	61	28	0	0	PROPN
ajfa-3759	61	29	3	3	NUM
ajfa-3759	61	30	68,41	68,41	NUM
ajfa-3759	61	31	%	%	NOUN
ajfa-3759	61	32	1	1	NUM
ajfa-3759	61	33	%	%	NOUN
ajfa-3759	61	34	0	0	NUM
ajfa-3759	61	35	<	<	NOUN
ajfa-3759	61	36	beta<1	beta<1	NOUN
ajfa-3759	61	37	166	166	NUM
ajfa-3759	61	38	50,13	50,13	NUM
ajfa-3759	61	39	%	%	NOUN
ajfa-3759	61	40	72	72	NUM
ajfa-3759	61	41	%	%	NOUN
ajfa-3759	61	42	beta	beta	NOUN
ajfa-3759	61	43	>	>	X
ajfa-3759	61	44	1	1	NUM
ajfa-3759	61	45	60	60	NUM
ajfa-3759	61	46	51,03	51,03	NUM
ajfa-3759	61	47	%	%	NOUN
ajfa-3759	61	48	26	26	NUM
ajfa-3759	61	49	%	%	NOUN
ajfa-3759	61	50	total	total	NOUN
ajfa-3759	61	51	229	229	NUM
ajfa-3759	61	52	51,9	51,9	NUM
ajfa-3759	61	53	%	%	NOUN
ajfa-3759	61	54	100	100	NUM
ajfa-3759	61	55	%	%	NOUN
ajfa-3759	61	56	7	7	NUM
ajfa-3759	61	57	.	.	PUNCT
ajfa-3759	61	58	empirical	empirical	ADJ
ajfa-3759	61	59	research	research	NOUN
ajfa-3759	61	60	findings	finding	NOUN
ajfa-3759	61	61	and	and	CCONJ
ajfa-3759	61	62	discussion	discussion	NOUN
ajfa-3759	61	63	a	a	DET
ajfa-3759	61	64	-	-	PUNCT
ajfa-3759	61	65	material	material	NOUN
ajfa-3759	61	66	listed	list	VERB
ajfa-3759	61	67	companies	company	NOUN
ajfa-3759	61	68	group	group	NOUN
ajfa-3759	61	69	during	during	ADP
ajfa-3759	61	70	the	the	DET
ajfa-3759	61	71	crisis	crisis	NOUN
ajfa-3759	61	72	2007	2007	NUM
ajfa-3759	61	73	-	-	SYM
ajfa-3759	61	74	2011	2011	NUM
ajfa-3759	61	75	,	,	PUNCT
ajfa-3759	61	76	the	the	DET
ajfa-3759	61	77	market	market	NOUN
ajfa-3759	61	78	for	for	ADP
ajfa-3759	61	79	these	these	DET
ajfa-3759	61	80	companies	company	NOUN
ajfa-3759	61	81	still	still	ADV
ajfa-3759	61	82	exists	exist	VERB
ajfa-3759	61	83	,	,	PUNCT
ajfa-3759	61	84	but	but	CCONJ
ajfa-3759	61	85	has	have	VERB
ajfa-3759	61	86	certain	certain	ADJ
ajfa-3759	61	87	difficulties	difficulty	NOUN
ajfa-3759	61	88	.	.	PUNCT
ajfa-3759	62	1	the	the	DET
ajfa-3759	62	2	rising	rise	VERB
ajfa-3759	62	3	inflation	inflation	NOUN
ajfa-3759	62	4	and	and	CCONJ
ajfa-3759	62	5	rising	rise	VERB
ajfa-3759	62	6	lending	lending	NOUN
ajfa-3759	62	7	interest	interest	NOUN
ajfa-3759	62	8	rates	rate	NOUN
ajfa-3759	62	9	and	and	CCONJ
ajfa-3759	62	10	higher	high	ADJ
ajfa-3759	62	11	opportunity	opportunity	NOUN
ajfa-3759	62	12	costs	cost	NOUN
ajfa-3759	62	13	makes	make	VERB
ajfa-3759	62	14	input	input	NOUN
ajfa-3759	62	15	materials	material	NOUN
ajfa-3759	62	16	or	or	CCONJ
ajfa-3759	62	17	production	production	NOUN
ajfa-3759	62	18	costs	cost	NOUN
ajfa-3759	62	19	increasing	increase	VERB
ajfa-3759	62	20	.	.	PUNCT
ajfa-3759	63	1	so	so	ADV
ajfa-3759	63	2	,	,	PUNCT
ajfa-3759	63	3	the	the	DET
ajfa-3759	63	4	market	market	NOUN
ajfa-3759	63	5	for	for	ADP
ajfa-3759	63	6	these	these	DET
ajfa-3759	63	7	firms	firm	NOUN
ajfa-3759	63	8	has	have	AUX
ajfa-3759	63	9	been	be	AUX
ajfa-3759	63	10	affected	affect	VERB
ajfa-3759	63	11	because	because	SCONJ
ajfa-3759	63	12	selling	sell	VERB
ajfa-3759	63	13	prices	price	NOUN
ajfa-3759	63	14	increase	increase	VERB
ajfa-3759	63	15	.	.	PUNCT
ajfa-3759	64	1	the	the	DET
ajfa-3759	64	2	table	table	NOUN
ajfa-3759	64	3	3	3	NUM
ajfa-3759	64	4	below	below	ADV
ajfa-3759	64	5	shows	show	VERB
ajfa-3759	64	6	us	we	PRON
ajfa-3759	64	7	the	the	DET
ajfa-3759	64	8	research	research	NOUN
ajfa-3759	64	9	of	of	ADP
ajfa-3759	64	10	99	99	NUM
ajfa-3759	64	11	listed	list	VERB
ajfa-3759	64	12	firms	firm	NOUN
ajfa-3759	64	13	in	in	ADP
ajfa-3759	64	14	this	this	DET
ajfa-3759	64	15	category	category	NOUN
ajfa-3759	64	16	during	during	ADP
ajfa-3759	64	17	the	the	DET
ajfa-3759	64	18	above	above	ADJ
ajfa-3759	64	19	period	period	NOUN
ajfa-3759	64	20	.	.	PUNCT
ajfa-3759	65	1	in	in	ADP
ajfa-3759	65	2	general	general	ADJ
ajfa-3759	65	3	,	,	PUNCT
ajfa-3759	65	4	the	the	DET
ajfa-3759	65	5	mean	mean	NOUN
ajfa-3759	65	6	of	of	ADP
ajfa-3759	65	7	equity	equity	NOUN
ajfa-3759	65	8	beta	beta	NOUN
ajfa-3759	65	9	and	and	CCONJ
ajfa-3759	65	10	asset	asset	NOUN
ajfa-3759	65	11	beta	beta	NOUN
ajfa-3759	65	12	are	be	AUX
ajfa-3759	65	13	0,747	0,747	NUM
ajfa-3759	65	14	and	and	CCONJ
ajfa-3759	65	15	0,371	0,371	NUM
ajfa-3759	65	16	,	,	PUNCT
ajfa-3759	65	17	accordingly	accordingly	ADV
ajfa-3759	65	18	.	.	PUNCT
ajfa-3759	66	1	these	these	DET
ajfa-3759	66	2	values	value	NOUN
ajfa-3759	66	3	are	be	AUX
ajfa-3759	66	4	good	good	ADJ
ajfa-3759	66	5	numbers	number	NOUN
ajfa-3759	66	6	in	in	ADP
ajfa-3759	66	7	term	term	NOUN
ajfa-3759	66	8	of	of	ADP
ajfa-3759	66	9	indicating	indicate	VERB
ajfa-3759	66	10	a	a	DET
ajfa-3759	66	11	low	low	ADJ
ajfa-3759	66	12	and	and	CCONJ
ajfa-3759	66	13	acceptable	acceptable	ADJ
ajfa-3759	66	14	un	un	ADJ
ajfa-3759	66	15	-	-	ADJ
ajfa-3759	66	16	diversifiable	diversifiable	ADJ
ajfa-3759	66	17	risk	risk	NOUN
ajfa-3759	66	18	.	.	PUNCT
ajfa-3759	67	1	the	the	DET
ajfa-3759	67	2	market	market	NOUN
ajfa-3759	67	3	demand	demand	NOUN
ajfa-3759	67	4	for	for	ADP
ajfa-3759	67	5	such	such	ADJ
ajfa-3759	67	6	products	product	NOUN
ajfa-3759	67	7	as	as	ADP
ajfa-3759	67	8	steel	steel	NOUN
ajfa-3759	67	9	,	,	PUNCT
ajfa-3759	67	10	plastic	plastic	NOUN
ajfa-3759	67	11	,	,	PUNCT
ajfa-3759	67	12	…	…	PUNCT
ajfa-3759	67	13	is	be	AUX
ajfa-3759	67	14	still	still	ADV
ajfa-3759	67	15	high	high	ADJ
ajfa-3759	67	16	.	.	PUNCT
ajfa-3759	68	1	besides	besides	ADV
ajfa-3759	68	2	,	,	PUNCT
ajfa-3759	68	3	the	the	DET
ajfa-3759	68	4	variance	variance	NOUN
ajfa-3759	68	5	of	of	ADP
ajfa-3759	68	6	equity	equity	NOUN
ajfa-3759	68	7	and	and	CCONJ
ajfa-3759	68	8	asset	asset	NOUN
ajfa-3759	68	9	beta	beta	NOUN
ajfa-3759	68	10	of	of	ADP
ajfa-3759	68	11	the	the	DET
ajfa-3759	68	12	sample	sample	NOUN
ajfa-3759	68	13	group	group	NOUN
ajfa-3759	68	14	equals	equal	VERB
ajfa-3759	68	15	to	to	ADP
ajfa-3759	68	16	0,303	0,303	NUM
ajfa-3759	68	17	and	and	CCONJ
ajfa-3759	68	18	0,1246	0,1246	PRON
ajfa-3759	68	19	accordingly	accordingly	ADV
ajfa-3759	68	20	which	which	PRON
ajfa-3759	68	21	are	be	AUX
ajfa-3759	68	22	higher	high	ADJ
ajfa-3759	68	23	than	than	ADP
ajfa-3759	68	24	the	the	DET
ajfa-3759	68	25	variance	variance	NOUN
ajfa-3759	68	26	of	of	ADP
ajfa-3759	68	27	the	the	DET
ajfa-3759	68	28	entire	entire	ADJ
ajfa-3759	68	29	sample	sample	NOUN
ajfa-3759	68	30	equity	equity	NOUN
ajfa-3759	68	31	and	and	CCONJ
ajfa-3759	68	32	asset	asset	NOUN
ajfa-3759	68	33	beta	beta	NOUN
ajfa-3759	68	34	of	of	ADP
ajfa-3759	68	35	0,2476	0,2476	NOUN
ajfa-3759	68	36	and	and	CCONJ
ajfa-3759	68	37	0,0896	0,0896	NOUN
ajfa-3759	68	38	.	.	PUNCT
ajfa-3759	69	1	the	the	DET
ajfa-3759	69	2	effect	effect	NOUN
ajfa-3759	69	3	from	from	ADP
ajfa-3759	69	4	financial	financial	ADJ
ajfa-3759	69	5	leverage	leverage	NOUN
ajfa-3759	69	6	makes	make	VERB
ajfa-3759	69	7	these	these	DET
ajfa-3759	69	8	beta	beta	ADJ
ajfa-3759	69	9	values	value	NOUN
ajfa-3759	69	10	fluctuate	fluctuate	NOUN
ajfa-3759	69	11	a	a	DET
ajfa-3759	69	12	little	little	ADJ
ajfa-3759	69	13	bit	bit	NOUN
ajfa-3759	69	14	more	more	ADJ
ajfa-3759	69	15	from	from	ADP
ajfa-3759	69	16	the	the	DET
ajfa-3759	69	17	sample	sample	NOUN
ajfa-3759	69	18	beta	beta	NOUN
ajfa-3759	69	19	mean	mean	NOUN
ajfa-3759	69	20	.	.	PUNCT
ajfa-3759	70	1	we	we	PRON
ajfa-3759	70	2	might	might	AUX
ajfa-3759	70	3	note	note	VERB
ajfa-3759	70	4	that	that	SCONJ
ajfa-3759	70	5	equity	equity	NOUN
ajfa-3759	70	6	beta	beta	NOUN
ajfa-3759	70	7	values	value	NOUN
ajfa-3759	70	8	of	of	ADP
ajfa-3759	70	9	99	99	NUM
ajfa-3759	70	10	firms	firm	NOUN
ajfa-3759	70	11	in	in	ADP
ajfa-3759	70	12	this	this	DET
ajfa-3759	70	13	material	material	NOUN
ajfa-3759	70	14	category	category	NOUN
ajfa-3759	70	15	are	be	AUX
ajfa-3759	70	16	a	a	DET
ajfa-3759	70	17	little	little	ADV
ajfa-3759	70	18	higher	high	ADJ
ajfa-3759	70	19	than	than	ADP
ajfa-3759	70	20	those	those	PRON
ajfa-3759	70	21	of	of	ADP
ajfa-3759	70	22	firms	firm	NOUN
ajfa-3759	70	23	in	in	ADP
ajfa-3759	70	24	the	the	DET
ajfa-3759	70	25	rest	rest	NOUN
ajfa-3759	70	26	two	two	NUM
ajfa-3759	70	27	(	(	PUNCT
ajfa-3759	70	28	2	2	NUM
ajfa-3759	70	29	)	)	PUNCT
ajfa-3759	70	30	groups	group	NOUN
ajfa-3759	70	31	.	.	PUNCT
ajfa-3759	71	1	this	this	PRON
ajfa-3759	71	2	might	might	AUX
ajfa-3759	71	3	be	be	AUX
ajfa-3759	71	4	considered	consider	VERB
ajfa-3759	71	5	as	as	ADP
ajfa-3759	71	6	one	one	NUM
ajfa-3759	71	7	characteristic	characteristic	NOUN
ajfa-3759	71	8	of	of	ADP
ajfa-3759	71	9	these	these	DET
ajfa-3759	71	10	industries	industry	NOUN
ajfa-3759	71	11	.	.	PUNCT
ajfa-3759	72	1	among	among	ADP
ajfa-3759	72	2	three	three	NUM
ajfa-3759	72	3	(	(	PUNCT
ajfa-3759	72	4	3	3	NUM
ajfa-3759	72	5	)	)	PUNCT
ajfa-3759	72	6	industries	industry	NOUN
ajfa-3759	72	7	,	,	PUNCT
ajfa-3759	72	8	the	the	DET
ajfa-3759	72	9	systemic	systemic	ADJ
ajfa-3759	72	10	risk	risk	NOUN
ajfa-3759	72	11	of	of	ADP
ajfa-3759	72	12	material	material	NOUN
ajfa-3759	72	13	group	group	NOUN
ajfa-3759	72	14	companies	company	NOUN
ajfa-3759	72	15	is	be	AUX
ajfa-3759	72	16	a	a	DET
ajfa-3759	72	17	bit	bit	NOUN
ajfa-3759	72	18	higher	high	ADJ
ajfa-3759	72	19	than	than	ADP
ajfa-3759	72	20	those	those	PRON
ajfa-3759	72	21	of	of	ADP
ajfa-3759	72	22	the	the	DET
ajfa-3759	72	23	rest	rest	NOUN
ajfa-3759	72	24	two	two	NUM
ajfa-3759	72	25	groups	group	NOUN
ajfa-3759	72	26	.	.	PUNCT
ajfa-3759	73	1	asian	asian	ADJ
ajfa-3759	73	2	journal	journal	PROPN
ajfa-3759	73	3	of	of	ADP
ajfa-3759	73	4	finance	finance	PROPN
ajfa-3759	73	5	&	&	CCONJ
ajfa-3759	73	6	accounting	accounting	PROPN
ajfa-3759	73	7	issn	issn	PROPN
ajfa-3759	73	8	1946	1946	NUM
ajfa-3759	73	9	-	-	PUNCT
ajfa-3759	73	10	052x	052x	NOUN
ajfa-3759	73	11	2013	2013	NUM
ajfa-3759	73	12	,	,	PUNCT
ajfa-3759	73	13	vol	vol	NOUN
ajfa-3759	73	14	.	.	PROPN
ajfa-3759	73	15	5	5	NUM
ajfa-3759	73	16	,	,	PUNCT
ajfa-3759	73	17	no	no	INTJ
ajfa-3759	73	18	.	.	NOUN
ajfa-3759	73	19	2	2	NUM
ajfa-3759	73	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3759	73	21	208	208	NUM
ajfa-3759	73	22	besides	besides	SCONJ
ajfa-3759	73	23	,	,	PUNCT
ajfa-3759	73	24	the	the	DET
ajfa-3759	73	25	estimated	estimate	VERB
ajfa-3759	73	26	equity	equity	NOUN
ajfa-3759	73	27	beta	beta	NOUN
ajfa-3759	73	28	mean	mean	NOUN
ajfa-3759	73	29	is	be	AUX
ajfa-3759	73	30	0,626	0,626	NUM
ajfa-3759	73	31	and	and	CCONJ
ajfa-3759	73	32	sample	sample	NOUN
ajfa-3759	73	33	variance	variance	NOUN
ajfa-3759	73	34	is	be	AUX
ajfa-3759	73	35	0,1749	0,1749	NOUN
ajfa-3759	73	36	,	,	PUNCT
ajfa-3759	73	37	which	which	PRON
ajfa-3759	73	38	is	be	AUX
ajfa-3759	73	39	not	not	PART
ajfa-3759	73	40	supporting	support	VERB
ajfa-3759	73	41	our	our	PRON
ajfa-3759	73	42	2nd	2nd	ADJ
ajfa-3759	73	43	research	research	NOUN
ajfa-3759	73	44	hypothesis	hypothesis	NOUN
ajfa-3759	73	45	or	or	CCONJ
ajfa-3759	73	46	issue	issue	NOUN
ajfa-3759	73	47	that	that	SCONJ
ajfa-3759	73	48	there	there	PRON
ajfa-3759	73	49	would	would	AUX
ajfa-3759	73	50	be	be	AUX
ajfa-3759	73	51	a	a	DET
ajfa-3759	73	52	large	large	ADJ
ajfa-3759	73	53	disperse	disperse	NOUN
ajfa-3759	73	54	distribution	distribution	NOUN
ajfa-3759	73	55	in	in	ADP
ajfa-3759	73	56	beta	beta	ADJ
ajfa-3759	73	57	values	value	NOUN
ajfa-3759	73	58	estimated	estimate	VERB
ajfa-3759	73	59	in	in	ADP
ajfa-3759	73	60	this	this	DET
ajfa-3759	73	61	industry	industry	NOUN
ajfa-3759	73	62	as	as	ADV
ajfa-3759	73	63	well	well	ADV
ajfa-3759	73	64	as	as	ADP
ajfa-3759	73	65	our	our	PRON
ajfa-3759	73	66	3rd	3rd	ADJ
ajfa-3759	73	67	research	research	NOUN
ajfa-3759	73	68	hypothesis	hypothesis	NOUN
ajfa-3759	73	69	or	or	CCONJ
ajfa-3759	73	70	issue	issue	NOUN
ajfa-3759	73	71	that	that	SCONJ
ajfa-3759	73	72	the	the	DET
ajfa-3759	73	73	mean	mean	NOUN
ajfa-3759	73	74	of	of	ADP
ajfa-3759	73	75	equity	equity	NOUN
ajfa-3759	73	76	and	and	CCONJ
ajfa-3759	73	77	asset	asset	NOUN
ajfa-3759	73	78	beta	beta	NOUN
ajfa-3759	73	79	values	value	NOUN
ajfa-3759	73	80	of	of	ADP
ajfa-3759	73	81	these	these	DET
ajfa-3759	73	82	listed	list	VERB
ajfa-3759	73	83	companies	company	NOUN
ajfa-3759	73	84	tend	tend	VERB
ajfa-3759	73	85	to	to	PART
ajfa-3759	73	86	impose	impose	VERB
ajfa-3759	73	87	a	a	DET
ajfa-3759	73	88	high	high	ADJ
ajfa-3759	73	89	risk	risk	NOUN
ajfa-3759	73	90	level	level	NOUN
ajfa-3759	73	91	or	or	CCONJ
ajfa-3759	73	92	beta	beta	NOUN
ajfa-3759	73	93	should	should	AUX
ajfa-3759	73	94	higher	high	ADJ
ajfa-3759	73	95	than	than	ADP
ajfa-3759	73	96	(	(	PUNCT
ajfa-3759	73	97	>	>	PUNCT
ajfa-3759	73	98	)	)	PUNCT
ajfa-3759	73	99	1	1	NUM
ajfa-3759	73	100	.	.	PUNCT
ajfa-3759	73	101	table	table	NOUN
ajfa-3759	73	102	3	3	NUM
ajfa-3759	73	103	.	.	PUNCT
ajfa-3759	73	104	estimating	estimate	VERB
ajfa-3759	73	105	beta	beta	ADJ
ajfa-3759	73	106	results	result	NOUN
ajfa-3759	73	107	for	for	SCONJ
ajfa-3759	73	108	viet	viet	PROPN
ajfa-3759	73	109	nam	nam	PROPN
ajfa-3759	73	110	listed	list	VERB
ajfa-3759	73	111	material	material	NOUN
ajfa-3759	73	112	companies	company	NOUN
ajfa-3759	73	113	(	(	PUNCT
ajfa-3759	73	114	as	as	ADP
ajfa-3759	73	115	of	of	ADP
ajfa-3759	73	116	dec	dec	PROPN
ajfa-3759	73	117	2012	2012	NUM
ajfa-3759	73	118	)	)	PUNCT
ajfa-3759	73	119	(	(	PUNCT
ajfa-3759	73	120	source	source	NOUN
ajfa-3759	73	121	:	:	PUNCT
ajfa-3759	73	122	viet	viet	PROPN
ajfa-3759	73	123	nam	nam	PROPN
ajfa-3759	73	124	stock	stock	PROPN
ajfa-3759	73	125	exchange	exchange	PROPN
ajfa-3759	73	126	data	datum	NOUN
ajfa-3759	73	127	)	)	PUNCT
ajfa-3759	73	128	order	order	NOUN
ajfa-3759	73	129	no	no	NOUN
ajfa-3759	73	130	.	.	PUNCT
ajfa-3759	74	1	company	company	NOUN
ajfa-3759	74	2	stock	stock	PROPN
ajfa-3759	74	3	code	code	PROPN
ajfa-3759	74	4	equity	equity	PROPN
ajfa-3759	74	5	beta	beta	PROPN
ajfa-3759	74	6	asset	asset	NOUN
ajfa-3759	74	7	beta	beta	NOUN
ajfa-3759	74	8	(	(	PUNCT
ajfa-3759	74	9	assume	assume	VERB
ajfa-3759	74	10	debt	debt	NOUN
ajfa-3759	74	11	beta	beta	NOUN
ajfa-3759	74	12	=	=	SYM
ajfa-3759	74	13	0	0	X
ajfa-3759	74	14	)	)	PUNCT
ajfa-3759	74	15	note	note	NOUN
ajfa-3759	74	16	1	1	NUM
ajfa-3759	74	17	com	com	NOUN
ajfa-3759	74	18	0,604	0,604	NUM
ajfa-3759	74	19	0,473	0,473	NUM
ajfa-3759	74	20	2	2	NUM
ajfa-3759	74	21	aaa	aaa	NOUN
ajfa-3759	74	22	0,403	0,403	NUM
ajfa-3759	74	23	0,186	0,186	NUM
ajfa-3759	74	24	vid	vid	NOUN
ajfa-3759	74	25	as	as	ADP
ajfa-3759	74	26	comparable	comparable	ADJ
ajfa-3759	74	27	3	3	NUM
ajfa-3759	74	28	alv	alv	PROPN
ajfa-3759	74	29	0,890	0,890	NUM
ajfa-3759	74	30	0,618	0,618	NUM
ajfa-3759	74	31	mmc	mmc	NOUN
ajfa-3759	74	32	as	as	ADP
ajfa-3759	74	33	comparable	comparable	ADJ
ajfa-3759	74	34	4	4	NUM
ajfa-3759	74	35	amc	amc	NOUN
ajfa-3759	74	36	0,781	0,781	NUM
ajfa-3759	74	37	0,450	0,450	NUM
ajfa-3759	74	38	cpc	cpc	PROPN
ajfa-3759	74	39	as	as	ADV
ajfa-3759	74	40	comparable	comparable	ADJ
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ajfa-3759	74	47	comparable	comparable	ADJ
ajfa-3759	74	48	6	6	NUM
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ajfa-3759	74	53	as	as	ADP
ajfa-3759	74	54	comparable	comparable	ADJ
ajfa-3759	74	55	7	7	NUM
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ajfa-3759	74	59	8	8	NUM
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ajfa-3759	74	74	11	11	NUM
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ajfa-3759	74	77	0,053	0,053	NUM
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ajfa-3759	74	79	as	as	ADP
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ajfa-3759	74	81	12	12	NUM
ajfa-3759	74	82	bvn	bvn	NOUN
ajfa-3759	74	83	0,531	0,531	NUM
ajfa-3759	74	84	0,163	0,163	NUM
ajfa-3759	74	85	bmc	bmc	NOUN
ajfa-3759	74	86	as	as	ADP
ajfa-3759	74	87	comparable	comparable	ADJ
ajfa-3759	74	88	13	13	NUM
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ajfa-3759	74	92	cpc	cpc	PROPN
ajfa-3759	74	93	as	as	ADP
ajfa-3759	74	94	comparable	comparable	ADJ
ajfa-3759	74	95	14	14	NUM
ajfa-3759	74	96	cmi	cmi	NOUN
ajfa-3759	74	97	0,875	0,875	NUM
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ajfa-3759	74	99	kkc	kkc	NOUN
ajfa-3759	74	100	as	as	ADP
ajfa-3759	74	101	comparable	comparable	ADJ
ajfa-3759	74	102	15	15	NUM
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ajfa-3759	74	105	0,937	0,937	NUM
ajfa-3759	75	1	16	16	NUM
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ajfa-3759	75	5	dtt	dtt	NOUN
ajfa-3759	75	6	as	as	ADV
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ajfa-3759	75	8	17	17	NUM
ajfa-3759	75	9	czc	czc	NOUN
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ajfa-3759	75	12	hvt	hvt	X
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ajfa-3759	75	15	18	18	NUM
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ajfa-3759	75	21	comparable	comparable	ADJ
ajfa-3759	75	22	19	19	NUM
ajfa-3759	75	23	dhc	dhc	VERB
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ajfa-3759	75	26	20	20	NUM
ajfa-3759	75	27	dhm	dhm	NOUN
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ajfa-3759	75	29	0,240	0,240	NUM
ajfa-3759	75	30	hgm	hgm	ADJ
ajfa-3759	75	31	as	as	ADP
ajfa-3759	75	32	comparable	comparable	ADJ
ajfa-3759	75	33	21	21	NUM
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ajfa-3759	75	36	0,014	0,014	NUM
ajfa-3759	75	37	sqc	sqc	NOUN
ajfa-3759	75	38	as	as	ADV
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ajfa-3759	75	40	22	22	NUM
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ajfa-3759	75	42	0,076	0,076	NUM
ajfa-3759	75	43	0,025	0,025	NUM
ajfa-3759	75	44	bvg	bvg	PROPN
ajfa-3759	75	45	as	as	ADP
ajfa-3759	75	46	comparable	comparable	ADJ
ajfa-3759	75	47	23	23	NUM
ajfa-3759	75	48	dny	dny	NOUN
ajfa-3759	75	49	0,063	0,063	NUM
ajfa-3759	75	50	0,018	0,018	NOUN
ajfa-3759	75	51	sqc	sqc	NOUN
ajfa-3759	75	52	as	as	ADV
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ajfa-3759	75	54	24	24	NUM
ajfa-3759	75	55	dpm	dpm	NOUN
ajfa-3759	75	56	0,785	0,785	NUM
ajfa-3759	75	57	0,686	0,686	NUM
ajfa-3759	75	58	25	25	NUM
ajfa-3759	75	59	dpr	dpr	PROPN
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ajfa-3759	75	61	0,808	0,808	NUM
ajfa-3759	75	62	26	26	NUM
ajfa-3759	75	63	dtl	dtl	NOUN
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ajfa-3759	75	65	0,011	0,011	NUM
ajfa-3759	75	66	dlg	dlg	PROPN
ajfa-3759	75	67	as	as	ADV
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ajfa-3759	75	69	27	27	NUM
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ajfa-3759	75	71	0,605	0,605	NUM
ajfa-3759	75	72	0,517	0,517	NUM
ajfa-3759	75	73	28	28	NUM
ajfa-3759	75	74	ger	ger	NOUN
ajfa-3759	75	75	0,746	0,746	NUM
ajfa-3759	75	76	0,419	0,419	NUM
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ajfa-3759	75	79	comparable	comparable	ADJ
ajfa-3759	75	80	29	29	NUM
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ajfa-3759	75	82	0,757	0,757	NUM
ajfa-3759	75	83	0,569	0,569	NUM
ajfa-3759	75	84	30	30	NUM
ajfa-3759	75	85	hai	hai	NOUN
ajfa-3759	75	86	0,823	0,823	NUM
ajfa-3759	75	87	0,456	0,456	NUM
ajfa-3759	75	88	asian	asian	ADJ
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ajfa-3759	75	90	of	of	ADP
ajfa-3759	75	91	finance	finance	PROPN
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ajfa-3759	75	93	accounting	accounting	PROPN
ajfa-3759	75	94	issn	issn	PROPN
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ajfa-3759	75	96	-	-	PUNCT
ajfa-3759	75	97	052x	052x	NOUN
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ajfa-3759	75	99	,	,	PUNCT
ajfa-3759	75	100	vol	vol	NOUN
ajfa-3759	75	101	.	.	PROPN
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ajfa-3759	75	103	,	,	PUNCT
ajfa-3759	75	104	no	no	INTJ
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ajfa-3759	75	106	2	2	NUM
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ajfa-3759	75	112	1,018	1,018	NUM
ajfa-3759	75	113	32	32	NUM
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ajfa-3759	75	117	33	33	NUM
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ajfa-3759	75	121	34	34	NUM
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ajfa-3759	75	126	hmc	hmc	PROPN
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ajfa-3759	75	128	0,348	0,348	NUM
ajfa-3759	75	129	36	36	NUM
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ajfa-3759	75	133	37	37	NUM
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ajfa-3759	75	140	38	38	NUM
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ajfa-3759	75	143	0,750	0,750	NUM
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ajfa-3759	75	145	hsg	hsg	VERB
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ajfa-3759	75	153	hvc	hvc	NUM
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ajfa-3759	75	155	0,083	0,083	NUM
ajfa-3759	75	156	hrc	hrc	PROPN
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ajfa-3759	76	4	hvt	hvt	NOUN
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ajfa-3759	76	12	as	as	ADP
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ajfa-3759	76	14	44	44	NUM
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ajfa-3759	76	29	47	47	NUM
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ajfa-3759	76	46	as	as	ADP
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ajfa-3759	76	48	51	51	NUM
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ajfa-3759	76	55	52	52	NUM
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ajfa-3759	76	69	54	54	NUM
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ajfa-3759	76	76	0,057	0,057	NUM
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ajfa-3759	76	80	56	56	NUM
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ajfa-3759	76	92	hvt	hvt	X
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ajfa-3759	76	95	59	59	NUM
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ajfa-3759	76	100	as	as	ADP
ajfa-3759	76	101	comparable	comparable	ADJ
ajfa-3759	76	102	60	60	NUM
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ajfa-3759	76	115	as	as	SCONJ
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ajfa-3759	76	118	nsp	nsp	VERB
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ajfa-3759	76	147	69	69	NUM
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ajfa-3759	76	154	70	70	NUM
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ajfa-3759	76	177	-	-	PUNCT
ajfa-3759	76	178	052x	052x	NOUN
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ajfa-3759	76	180	,	,	PUNCT
ajfa-3759	76	181	vol	vol	NOUN
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ajfa-3759	76	186	.	.	NOUN
ajfa-3759	76	187	2	2	NUM
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ajfa-3759	76	193	0,266	0,266	NUM
ajfa-3759	76	194	74	74	NUM
ajfa-3759	76	195	spc	spc	PROPN
ajfa-3759	76	196	0,062	0,062	NUM
ajfa-3759	76	197	0,015	0,015	NUM
ajfa-3759	76	198	vca	vca	NOUN
ajfa-3759	76	199	as	as	ADV
ajfa-3759	76	200	comparable	comparable	ADJ
ajfa-3759	76	201	75	75	NUM
ajfa-3759	76	202	sqc	sqc	NOUN
ajfa-3759	76	203	0,174	0,174	NUM
ajfa-3759	76	204	0,148	0,148	NUM
ajfa-3759	76	205	76	76	NUM
ajfa-3759	76	206	ssm	ssm	NOUN
ajfa-3759	76	207	1,402	1,402	NUM
ajfa-3759	76	208	0,710	0,710	NUM
ajfa-3759	76	209	77	77	NUM
ajfa-3759	76	210	tc6	tc6	NOUN
ajfa-3759	76	211	0,678	0,678	NUM
ajfa-3759	76	212	0,127	0,127	NUM
ajfa-3759	76	213	78	78	NUM
ajfa-3759	76	214	tcs	tcs	NOUN
ajfa-3759	76	215	0,900	0,900	NUM
ajfa-3759	76	216	0,152	0,152	NUM
ajfa-3759	76	217	79	79	NUM
ajfa-3759	76	218	tdn	tdn	NOUN
ajfa-3759	76	219	0,587	0,587	NUM
ajfa-3759	76	220	0,127	0,127	NUM
ajfa-3759	76	221	80	80	NUM
ajfa-3759	76	222	tds	td	VERB
ajfa-3759	76	223	0,398	0,398	NUM
ajfa-3759	76	224	0,146	0,146	NUM
ajfa-3759	76	225	pht	pht	PROPN
ajfa-3759	76	226	as	as	ADP
ajfa-3759	76	227	comparable	comparable	ADJ
ajfa-3759	76	228	81	81	NUM
ajfa-3759	76	229	tht	tht	NOUN
ajfa-3759	76	230	0,927	0,927	NUM
ajfa-3759	76	231	0,294	0,294	NUM
ajfa-3759	76	232	82	82	NUM
ajfa-3759	76	233	tis	tis	PROPN
ajfa-3759	76	234	0,268	0,268	NUM
ajfa-3759	76	235	0,075	0,075	NUM
ajfa-3759	76	236	dpm	dpm	NOUN
ajfa-3759	76	237	as	as	ADP
ajfa-3759	76	238	comparable	comparable	ADJ
ajfa-3759	76	239	83	83	NUM
ajfa-3759	76	240	tlh	tlh	NOUN
ajfa-3759	76	241	0,320	0,320	NUM
ajfa-3759	76	242	0,151	0,151	NUM
ajfa-3759	76	243	tdn	tdn	NOUN
ajfa-3759	76	244	as	as	ADP
ajfa-3759	76	245	comparable	comparable	ADJ
ajfa-3759	76	246	84	84	NUM
ajfa-3759	76	247	tnb	tnb	NOUN
ajfa-3759	76	248	0,072	0,072	NUM
ajfa-3759	76	249	0,054	0,054	NUM
ajfa-3759	76	250	czc	czc	NOUN
ajfa-3759	76	251	as	as	ADP
ajfa-3759	76	252	comparable	comparable	ADJ
ajfa-3759	76	253	85	85	NUM
ajfa-3759	76	254	tnc	tnc	NOUN
ajfa-3759	76	255	0,949	0,949	NUM
ajfa-3759	76	256	0,846	0,846	NUM
ajfa-3759	76	257	86	86	NUM
ajfa-3759	76	258	tnt	tnt	NOUN
ajfa-3759	76	259	1,085	1,085	NUM
ajfa-3759	76	260	0,781	0,781	NUM
ajfa-3759	76	261	ssm	ssm	PROPN
ajfa-3759	76	262	as	as	ADP
ajfa-3759	76	263	comparable	comparable	ADJ
ajfa-3759	76	264	87	87	NUM
ajfa-3759	76	265	tpc	tpc	NOUN
ajfa-3759	76	266	1,062	1,062	NUM
ajfa-3759	76	267	0,531	0,531	NUM
ajfa-3759	76	268	88	88	NUM
ajfa-3759	76	269	tpp	tpp	NOUN
ajfa-3759	76	270	1,100	1,100	NUM
ajfa-3759	76	271	0,321	0,321	NUM
ajfa-3759	76	272	89	89	NUM
ajfa-3759	76	273	trc	trc	PROPN
ajfa-3759	76	274	1,185	1,185	NUM
ajfa-3759	76	275	0,917	0,917	NUM
ajfa-3759	76	276	90	90	NUM
ajfa-3759	76	277	tsc	tsc	NOUN
ajfa-3759	76	278	0,928	0,928	NUM
ajfa-3759	76	279	0,204	0,204	NUM
ajfa-3759	76	280	91	91	NUM
ajfa-3759	76	281	ttf	ttf	NOUN
ajfa-3759	76	282	1,576	1,576	NUM
ajfa-3759	76	283	0,392	0,392	NUM
ajfa-3759	76	284	92	92	NUM
ajfa-3759	77	1	tvd	tvd	PROPN
ajfa-3759	77	2	0,235	0,235	NUM
ajfa-3759	77	3	0,037	0,037	NUM
ajfa-3759	77	4	trc	trc	PROPN
ajfa-3759	77	5	as	as	ADP
ajfa-3759	77	6	comparable	comparable	ADJ
ajfa-3759	77	7	93	93	NUM
ajfa-3759	77	8	vca	vca	NOUN
ajfa-3759	77	9	0,212	0,212	NUM
ajfa-3759	77	10	0,044	0,044	NUM
ajfa-3759	77	11	rdp	rdp	PROPN
ajfa-3759	77	12	as	as	ADP
ajfa-3759	77	13	comparable	comparable	ADJ
ajfa-3759	77	14	94	94	NUM
ajfa-3759	77	15	vdt	vdt	NOUN
ajfa-3759	77	16	0,665	0,665	NUM
ajfa-3759	77	17	0,326	0,326	NUM
ajfa-3759	77	18	mmc	mmc	NOUN
ajfa-3759	77	19	as	as	ADP
ajfa-3759	77	20	comparable	comparable	ADJ
ajfa-3759	77	21	95	95	NUM
ajfa-3759	77	22	vfg	vfg	NOUN
ajfa-3759	77	23	0,350	0,350	NUM
ajfa-3759	77	24	0,181	0,181	NUM
ajfa-3759	77	25	96	96	NUM
ajfa-3759	77	26	vgs	vgs	NOUN
ajfa-3759	77	27	1,907	1,907	NUM
ajfa-3759	77	28	0,820	0,820	NUM
ajfa-3759	77	29	97	97	NUM
ajfa-3759	77	30	vid	vid	NOUN
ajfa-3759	77	31	0,757	0,757	NUM
ajfa-3759	77	32	0,272	0,272	NUM
ajfa-3759	77	33	98	98	NUM
ajfa-3759	77	34	vis	vis	X
ajfa-3759	77	35	1,289	1,289	NUM
ajfa-3759	77	36	0,500	0,500	NUM
ajfa-3759	77	37	99	99	NUM
ajfa-3759	77	38	vkp	vkp	NOUN
ajfa-3759	77	39	0,877	0,877	NUM
ajfa-3759	77	40	0,131	0,131	NUM
ajfa-3759	77	41	noted	note	VERB
ajfa-3759	77	42	:	:	PUNCT
ajfa-3759	77	43	raw	raw	ADJ
ajfa-3759	77	44	data	datum	NOUN
ajfa-3759	77	45	,	,	PUNCT
ajfa-3759	77	46	not	not	PART
ajfa-3759	77	47	adjusted	adjust	VERB
ajfa-3759	77	48	table	table	NOUN
ajfa-3759	77	49	4	4	NUM
ajfa-3759	77	50	.	.	PUNCT
ajfa-3759	77	51	statistical	statistical	ADJ
ajfa-3759	77	52	results	result	NOUN
ajfa-3759	77	53	for	for	ADP
ajfa-3759	77	54	vietnam	vietnam	NOUN
ajfa-3759	77	55	listed	list	VERB
ajfa-3759	77	56	material	material	NOUN
ajfa-3759	77	57	companies	company	NOUN
ajfa-3759	77	58	statistic	statistic	VERB
ajfa-3759	77	59	results	result	VERB
ajfa-3759	77	60	equity	equity	NOUN
ajfa-3759	77	61	beta	beta	NOUN
ajfa-3759	77	62	asset	asset	NOUN
ajfa-3759	77	63	beta	beta	NOUN
ajfa-3759	77	64	(	(	PUNCT
ajfa-3759	77	65	assume	assume	VERB
ajfa-3759	77	66	debt	debt	NOUN
ajfa-3759	77	67	beta	beta	NOUN
ajfa-3759	77	68	=	=	SYM
ajfa-3759	77	69	0	0	NUM
ajfa-3759	77	70	)	)	PUNCT
ajfa-3759	77	71	difference	difference	NOUN
ajfa-3759	77	72	max	max	PROPN
ajfa-3759	77	73	2,089	2,089	NUM
ajfa-3759	77	74	1,162	1,162	NUM
ajfa-3759	77	75	0,9268	0,9268	PROPN
ajfa-3759	77	76	min	min	NOUN
ajfa-3759	77	77	-1,712	-1,712	ADJ
ajfa-3759	77	78	-1,377	-1,377	INTJ
ajfa-3759	77	79	-0,3354	-0,3354	INTJ
ajfa-3759	77	80	mean	mean	VERB
ajfa-3759	77	81	0,747	0,747	NUM
ajfa-3759	77	82	0,371	0,371	NUM
ajfa-3759	77	83	0,3752	0,3752	NOUN
ajfa-3759	77	84	var	var	NOUN
ajfa-3759	77	85	0,3030	0,3030	PROPN
ajfa-3759	77	86	0,1246	0,1246	PROPN
ajfa-3759	77	87	0,1785	0,1785	PROPN
ajfa-3759	78	1	note	note	NOUN
ajfa-3759	78	2	:	:	PUNCT
ajfa-3759	78	3	sample	sample	NOUN
ajfa-3759	78	4	size	size	NOUN
ajfa-3759	78	5	:	:	PUNCT
ajfa-3759	78	6	99	99	NUM
ajfa-3759	78	7	bconsumer	bconsumer	ADJ
ajfa-3759	78	8	good	good	ADJ
ajfa-3759	78	9	listed	list	VERB
ajfa-3759	78	10	companies	company	NOUN
ajfa-3759	78	11	group	group	NOUN
ajfa-3759	78	12	in	in	ADP
ajfa-3759	78	13	an	an	DET
ajfa-3759	78	14	emerging	emerge	VERB
ajfa-3759	78	15	market	market	NOUN
ajfa-3759	78	16	such	such	ADJ
ajfa-3759	78	17	as	as	ADP
ajfa-3759	78	18	viet	viet	PROPN
ajfa-3759	78	19	nam	nam	PROPN
ajfa-3759	78	20	,	,	PUNCT
ajfa-3759	78	21	the	the	DET
ajfa-3759	78	22	market	market	NOUN
ajfa-3759	78	23	for	for	ADP
ajfa-3759	78	24	consumer	consumer	NOUN
ajfa-3759	78	25	goods	good	NOUN
ajfa-3759	78	26	firms	firm	NOUN
ajfa-3759	78	27	is	be	AUX
ajfa-3759	78	28	definitely	definitely	ADV
ajfa-3759	78	29	asian	asian	ADJ
ajfa-3759	78	30	journal	journal	NOUN
ajfa-3759	78	31	of	of	ADP
ajfa-3759	78	32	finance	finance	PROPN
ajfa-3759	78	33	&	&	CCONJ
ajfa-3759	78	34	accounting	accounting	PROPN
ajfa-3759	78	35	issn	issn	PROPN
ajfa-3759	78	36	1946	1946	NUM
ajfa-3759	78	37	-	-	PUNCT
ajfa-3759	78	38	052x	052x	NOUN
ajfa-3759	78	39	2013	2013	NUM
ajfa-3759	78	40	,	,	PUNCT
ajfa-3759	78	41	vol	vol	NOUN
ajfa-3759	78	42	.	.	PROPN
ajfa-3759	78	43	5	5	NUM
ajfa-3759	78	44	,	,	PUNCT
ajfa-3759	78	45	no	no	INTJ
ajfa-3759	78	46	.	.	NOUN
ajfa-3759	78	47	2	2	NUM
ajfa-3759	78	48	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3759	78	49	211	211	NUM
ajfa-3759	78	50	established	establish	VERB
ajfa-3759	78	51	and	and	CCONJ
ajfa-3759	78	52	potential	potential	ADJ
ajfa-3759	78	53	because	because	SCONJ
ajfa-3759	78	54	of	of	ADP
ajfa-3759	78	55	the	the	DET
ajfa-3759	78	56	public	public	ADJ
ajfa-3759	78	57	need	need	NOUN
ajfa-3759	78	58	for	for	ADP
ajfa-3759	78	59	such	such	ADJ
ajfa-3759	78	60	necessary	necessary	ADJ
ajfa-3759	78	61	vital	vital	ADJ
ajfa-3759	78	62	products	product	NOUN
ajfa-3759	78	63	and	and	CCONJ
ajfa-3759	78	64	though	though	SCONJ
ajfa-3759	78	65	it	it	PRON
ajfa-3759	78	66	may	may	AUX
ajfa-3759	78	67	be	be	AUX
ajfa-3759	78	68	affected	affect	VERB
ajfa-3759	78	69	by	by	ADP
ajfa-3759	78	70	impacts	impact	NOUN
ajfa-3759	78	71	from	from	ADP
ajfa-3759	78	72	the	the	DET
ajfa-3759	78	73	financial	financial	ADJ
ajfa-3759	78	74	crisis	crisis	NOUN
ajfa-3759	78	75	.	.	PUNCT
ajfa-3759	79	1	the	the	DET
ajfa-3759	79	2	table	table	NOUN
ajfa-3759	79	3	5	5	NUM
ajfa-3759	79	4	below	below	ADV
ajfa-3759	79	5	shows	show	VERB
ajfa-3759	79	6	us	we	PRON
ajfa-3759	79	7	the	the	DET
ajfa-3759	79	8	equity	equity	NOUN
ajfa-3759	79	9	and	and	CCONJ
ajfa-3759	79	10	asset	asset	NOUN
ajfa-3759	79	11	beta	beta	NOUN
ajfa-3759	79	12	mean	mean	NOUN
ajfa-3759	79	13	of	of	ADP
ajfa-3759	79	14	121	121	NUM
ajfa-3759	79	15	listed	list	VERB
ajfa-3759	79	16	consumer	consumer	NOUN
ajfa-3759	79	17	good	good	ADJ
ajfa-3759	79	18	companies	company	NOUN
ajfa-3759	79	19	,	,	PUNCT
ajfa-3759	79	20	with	with	ADP
ajfa-3759	79	21	values	value	NOUN
ajfa-3759	79	22	of	of	ADP
ajfa-3759	79	23	0,694	0,694	NUM
ajfa-3759	79	24	and	and	CCONJ
ajfa-3759	79	25	0,336	0,336	NUM
ajfa-3759	79	26	,	,	PUNCT
ajfa-3759	79	27	accordingly	accordingly	ADV
ajfa-3759	79	28	.	.	PUNCT
ajfa-3759	80	1	this	this	DET
ajfa-3759	80	2	result	result	NOUN
ajfa-3759	80	3	,	,	PUNCT
ajfa-3759	80	4	which	which	PRON
ajfa-3759	80	5	means	mean	VERB
ajfa-3759	80	6	the	the	DET
ajfa-3759	80	7	risk	risk	NOUN
ajfa-3759	80	8	is	be	AUX
ajfa-3759	80	9	low	low	ADJ
ajfa-3759	80	10	and	and	CCONJ
ajfa-3759	80	11	acceptable	acceptable	ADJ
ajfa-3759	80	12	although	although	SCONJ
ajfa-3759	80	13	the	the	DET
ajfa-3759	80	14	equity	equity	NOUN
ajfa-3759	80	15	beta	beta	NOUN
ajfa-3759	80	16	value	value	NOUN
ajfa-3759	80	17	is	be	AUX
ajfa-3759	80	18	higher	high	ADJ
ajfa-3759	80	19	than	than	ADP
ajfa-3759	80	20	that	that	PRON
ajfa-3759	80	21	of	of	ADP
ajfa-3759	80	22	the	the	DET
ajfa-3759	80	23	wholesale	wholesale	ADJ
ajfa-3759	80	24	/	/	SYM
ajfa-3759	80	25	retail	retail	ADJ
ajfa-3759	80	26	firms	firm	NOUN
ajfa-3759	80	27	,	,	PUNCT
ajfa-3759	80	28	but	but	CCONJ
ajfa-3759	80	29	the	the	DET
ajfa-3759	80	30	asset	asset	NOUN
ajfa-3759	80	31	beta	beta	NOUN
ajfa-3759	80	32	mean	mean	NOUN
ajfa-3759	80	33	is	be	AUX
ajfa-3759	80	34	a	a	DET
ajfa-3759	80	35	little	little	ADJ
ajfa-3759	80	36	lower	low	ADJ
ajfa-3759	80	37	.	.	PUNCT
ajfa-3759	81	1	this	this	PRON
ajfa-3759	81	2	partly	partly	ADV
ajfa-3759	81	3	,	,	PUNCT
ajfa-3759	81	4	maintains	maintain	VERB
ajfa-3759	81	5	the	the	DET
ajfa-3759	81	6	investor	investor	NOUN
ajfa-3759	81	7	confidence	confidence	NOUN
ajfa-3759	81	8	of	of	ADP
ajfa-3759	81	9	business	business	NOUN
ajfa-3759	81	10	operation	operation	NOUN
ajfa-3759	81	11	of	of	ADP
ajfa-3759	81	12	the	the	DET
ajfa-3759	81	13	whole	whole	ADJ
ajfa-3759	81	14	industry	industry	NOUN
ajfa-3759	81	15	and	and	CCONJ
ajfa-3759	81	16	partly	partly	ADV
ajfa-3759	81	17	,	,	PUNCT
ajfa-3759	81	18	indicates	indicate	VERB
ajfa-3759	81	19	the	the	DET
ajfa-3759	81	20	good	good	ADJ
ajfa-3759	81	21	effect	effect	NOUN
ajfa-3759	81	22	from	from	ADP
ajfa-3759	81	23	using	use	VERB
ajfa-3759	81	24	financial	financial	ADJ
ajfa-3759	81	25	leverage	leverage	NOUN
ajfa-3759	81	26	.	.	PUNCT
ajfa-3759	82	1	besides	besides	SCONJ
ajfa-3759	82	2	,	,	PUNCT
ajfa-3759	82	3	the	the	DET
ajfa-3759	82	4	variance	variance	NOUN
ajfa-3759	82	5	of	of	ADP
ajfa-3759	82	6	beta	beta	ADJ
ajfa-3759	82	7	values	value	NOUN
ajfa-3759	82	8	among	among	ADP
ajfa-3759	82	9	these	these	DET
ajfa-3759	82	10	121	121	NUM
ajfa-3759	82	11	firms	firm	NOUN
ajfa-3759	82	12	is	be	AUX
ajfa-3759	82	13	normal	normal	ADJ
ajfa-3759	82	14	,	,	PUNCT
ajfa-3759	82	15	from	from	ADP
ajfa-3759	82	16	0,2142	0,2142	PRON
ajfa-3759	82	17	to	to	ADP
ajfa-3759	82	18	0,0659	0,0659	VERB
ajfa-3759	82	19	for	for	ADP
ajfa-3759	82	20	equity	equity	NOUN
ajfa-3759	82	21	and	and	CCONJ
ajfa-3759	82	22	asset	asset	NOUN
ajfa-3759	82	23	beta	beta	NOUN
ajfa-3759	82	24	,	,	PUNCT
ajfa-3759	82	25	accordingly	accordingly	ADV
ajfa-3759	82	26	,	,	PUNCT
ajfa-3759	82	27	whereas	whereas	SCONJ
ajfa-3759	82	28	there	there	PRON
ajfa-3759	82	29	are	be	VERB
ajfa-3759	82	30	some	some	DET
ajfa-3759	82	31	special	special	ADJ
ajfa-3759	82	32	cases	case	NOUN
ajfa-3759	82	33	with	with	ADP
ajfa-3759	82	34	beta	beta	NOUN
ajfa-3759	82	35	higher	high	ADJ
ajfa-3759	82	36	than	than	ADP
ajfa-3759	82	37	(	(	PUNCT
ajfa-3759	82	38	>	>	PUNCT
ajfa-3759	82	39	)	)	PUNCT
ajfa-3759	82	40	2	2	X
ajfa-3759	82	41	.	.	X
ajfa-3759	83	1	please	please	INTJ
ajfa-3759	83	2	refer	refer	VERB
ajfa-3759	83	3	to	to	PART
ajfa-3759	83	4	exhibit	exhibit	VERB
ajfa-3759	83	5	2	2	NUM
ajfa-3759	83	6	for	for	ADP
ajfa-3759	83	7	more	more	ADJ
ajfa-3759	83	8	information	information	NOUN
ajfa-3759	83	9	.	.	PUNCT
ajfa-3759	84	1	table	table	NOUN
ajfa-3759	84	2	5	5	NUM
ajfa-3759	84	3	.	.	PUNCT
ajfa-3759	85	1	statistical	statistical	ADJ
ajfa-3759	85	2	results	result	NOUN
ajfa-3759	85	3	for	for	ADP
ajfa-3759	85	4	vietnam	vietnam	NOUN
ajfa-3759	85	5	listed	list	VERB
ajfa-3759	85	6	consumer	consumer	NOUN
ajfa-3759	85	7	good	good	ADJ
ajfa-3759	85	8	companies	company	NOUN
ajfa-3759	85	9	statistic	statistic	VERB
ajfa-3759	85	10	results	result	VERB
ajfa-3759	85	11	equity	equity	NOUN
ajfa-3759	85	12	beta	beta	NOUN
ajfa-3759	85	13	asset	asset	NOUN
ajfa-3759	85	14	beta	beta	NOUN
ajfa-3759	85	15	(	(	PUNCT
ajfa-3759	85	16	assume	assume	VERB
ajfa-3759	85	17	debt	debt	NOUN
ajfa-3759	85	18	beta	beta	NOUN
ajfa-3759	85	19	=	=	SYM
ajfa-3759	85	20	0	0	NUM
ajfa-3759	85	21	)	)	PUNCT
ajfa-3759	85	22	difference	difference	NOUN
ajfa-3759	85	23	max	max	PROPN
ajfa-3759	85	24	2,056	2,056	NUM
ajfa-3759	85	25	1,151	1,151	NUM
ajfa-3759	85	26	0,9046	0,9046	NUM
ajfa-3759	85	27	min	min	NOUN
ajfa-3759	86	1	-0,648	-0,648	INTJ
ajfa-3759	86	2	-0,085	-0,085	PROPN
ajfa-3759	86	3	-0,5624	-0,5624	PROPN
ajfa-3759	86	4	mean	mean	VERB
ajfa-3759	86	5	0,694	0,694	NUM
ajfa-3759	86	6	0,336	0,336	NUM
ajfa-3759	86	7	0,3579	0,3579	NUM
ajfa-3759	86	8	var	var	NOUN
ajfa-3759	86	9	0,2142	0,2142	NOUN
ajfa-3759	86	10	0,0659	0,0659	NOUN
ajfa-3759	86	11	0,1484	0,1484	NOUN
ajfa-3759	86	12	note	note	VERB
ajfa-3759	86	13	:	:	PUNCT
ajfa-3759	86	14	sample	sample	NOUN
ajfa-3759	86	15	size	size	NOUN
ajfa-3759	86	16	:	:	PUNCT
ajfa-3759	86	17	121	121	NUM
ajfa-3759	86	18	cwholesale	cwholesale	NOUN
ajfa-3759	86	19	and	and	CCONJ
ajfa-3759	86	20	retail	retail	ADJ
ajfa-3759	86	21	listed	list	VERB
ajfa-3759	86	22	companies	company	NOUN
ajfa-3759	86	23	group	group	NOUN
ajfa-3759	86	24	among	among	ADP
ajfa-3759	86	25	3	3	NUM
ajfa-3759	86	26	groups	group	NOUN
ajfa-3759	86	27	,	,	PUNCT
ajfa-3759	86	28	this	this	PRON
ajfa-3759	86	29	is	be	AUX
ajfa-3759	86	30	the	the	DET
ajfa-3759	86	31	group	group	NOUN
ajfa-3759	86	32	with	with	ADP
ajfa-3759	86	33	the	the	DET
ajfa-3759	86	34	smallest	small	ADJ
ajfa-3759	86	35	number	number	NOUN
ajfa-3759	86	36	of	of	ADP
ajfa-3759	86	37	listed	list	VERB
ajfa-3759	86	38	firms	firm	NOUN
ajfa-3759	86	39	(	(	PUNCT
ajfa-3759	86	40	sample	sample	NOUN
ajfa-3759	86	41	size	size	NOUN
ajfa-3759	86	42	=	=	NOUN
ajfa-3759	86	43	9	9	NUM
ajfa-3759	86	44	)	)	PUNCT
ajfa-3759	86	45	and	and	CCONJ
ajfa-3759	86	46	with	with	ADP
ajfa-3759	86	47	the	the	DET
ajfa-3759	86	48	lowest	low	ADJ
ajfa-3759	86	49	equity	equity	NOUN
ajfa-3759	86	50	beta	beta	NOUN
ajfa-3759	86	51	value	value	NOUN
ajfa-3759	86	52	of	of	ADP
ajfa-3759	86	53	about	about	ADP
ajfa-3759	86	54	0,653	0,653	NUM
ajfa-3759	86	55	.	.	PUNCT
ajfa-3759	87	1	however	however	ADV
ajfa-3759	87	2	,	,	PUNCT
ajfa-3759	87	3	the	the	DET
ajfa-3759	87	4	asset	asset	NOUN
ajfa-3759	87	5	beta	beta	NOUN
ajfa-3759	87	6	mean	mean	NOUN
ajfa-3759	87	7	of	of	ADP
ajfa-3759	87	8	about	about	ADV
ajfa-3759	87	9	0,352	0,352	NUM
ajfa-3759	87	10	is	be	AUX
ajfa-3759	87	11	a	a	DET
ajfa-3759	87	12	little	little	ADJ
ajfa-3759	87	13	higher	high	ADJ
ajfa-3759	87	14	than	than	ADP
ajfa-3759	87	15	those	those	PRON
ajfa-3759	87	16	of	of	ADP
ajfa-3759	87	17	consumer	consumer	NOUN
ajfa-3759	87	18	good	good	ADJ
ajfa-3759	87	19	and	and	CCONJ
ajfa-3759	87	20	material	material	NOUN
ajfa-3759	87	21	industries	industry	NOUN
ajfa-3759	87	22	.	.	PUNCT
ajfa-3759	88	1	the	the	DET
ajfa-3759	88	2	using	using	NOUN
ajfa-3759	88	3	of	of	ADP
ajfa-3759	88	4	leverage	leverage	NOUN
ajfa-3759	88	5	has	have	AUX
ajfa-3759	88	6	influenced	influence	VERB
ajfa-3759	88	7	these	these	DET
ajfa-3759	88	8	firms	firm	NOUN
ajfa-3759	88	9	’	'	PUNCT
ajfa-3759	88	10	risk	risk	NOUN
ajfa-3759	88	11	a	a	DET
ajfa-3759	88	12	bit	bit	NOUN
ajfa-3759	88	13	more	more	ADJ
ajfa-3759	88	14	than	than	ADP
ajfa-3759	88	15	the	the	DET
ajfa-3759	88	16	other	other	ADJ
ajfa-3759	88	17	two	two	NUM
ajfa-3759	88	18	.	.	PUNCT
ajfa-3759	89	1	different	different	ADJ
ajfa-3759	89	2	from	from	ADP
ajfa-3759	89	3	firms	firm	NOUN
ajfa-3759	89	4	in	in	ADP
ajfa-3759	89	5	the	the	DET
ajfa-3759	89	6	other	other	ADJ
ajfa-3759	89	7	industries	industry	NOUN
ajfa-3759	89	8	,	,	PUNCT
ajfa-3759	89	9	9	9	NUM
ajfa-3759	89	10	listed	list	VERB
ajfa-3759	89	11	wholesale	wholesale	ADJ
ajfa-3759	89	12	/	/	SYM
ajfa-3759	89	13	retail	retail	ADJ
ajfa-3759	89	14	firms	firm	NOUN
ajfa-3759	89	15	has	have	VERB
ajfa-3759	89	16	lower	low	ADJ
ajfa-3759	89	17	equity	equity	NOUN
ajfa-3759	89	18	and	and	CCONJ
ajfa-3759	89	19	asset	asset	NOUN
ajfa-3759	89	20	beta	beta	NOUN
ajfa-3759	89	21	var	var	NOUN
ajfa-3759	89	22	values	value	NOUN
ajfa-3759	89	23	,	,	PUNCT
ajfa-3759	89	24	estimated	estimate	VERB
ajfa-3759	89	25	at	at	ADP
ajfa-3759	89	26	0,1069	0,1069	PROPN
ajfa-3759	89	27	and	and	CCONJ
ajfa-3759	89	28	0,0307	0,0307	PROPN
ajfa-3759	89	29	,	,	PUNCT
ajfa-3759	89	30	which	which	PRON
ajfa-3759	89	31	implies	imply	VERB
ajfa-3759	89	32	there	there	PRON
ajfa-3759	89	33	is	be	VERB
ajfa-3759	89	34	a	a	DET
ajfa-3759	89	35	more	more	ADJ
ajfa-3759	89	36	concentration	concentration	NOUN
ajfa-3759	89	37	in	in	ADP
ajfa-3759	89	38	market	market	NOUN
ajfa-3759	89	39	risks	risk	NOUN
ajfa-3759	89	40	among	among	ADP
ajfa-3759	89	41	firms	firm	NOUN
ajfa-3759	89	42	in	in	ADP
ajfa-3759	89	43	this	this	DET
ajfa-3759	89	44	industry	industry	NOUN
ajfa-3759	89	45	.	.	PUNCT
ajfa-3759	90	1	the	the	DET
ajfa-3759	90	2	equity	equity	NOUN
ajfa-3759	90	3	and	and	CCONJ
ajfa-3759	90	4	asset	asset	NOUN
ajfa-3759	90	5	beta	beta	NOUN
ajfa-3759	90	6	values	value	NOUN
ajfa-3759	90	7	are	be	AUX
ajfa-3759	90	8	distributed	distribute	VERB
ajfa-3759	90	9	in	in	ADP
ajfa-3759	90	10	a	a	DET
ajfa-3759	90	11	smaller	small	ADJ
ajfa-3759	90	12	range	range	NOUN
ajfa-3759	90	13	,	,	PUNCT
ajfa-3759	90	14	from	from	ADP
ajfa-3759	90	15	0,391	0,391	NUM
ajfa-3759	90	16	to	to	ADP
ajfa-3759	90	17	1,273	1,273	NUM
ajfa-3759	90	18	,	,	PUNCT
ajfa-3759	90	19	and	and	CCONJ
ajfa-3759	90	20	from	from	ADP
ajfa-3759	90	21	0,126	0,126	NUM
ajfa-3759	90	22	to	to	ADP
ajfa-3759	90	23	0,64	0,64	NUM
ajfa-3759	90	24	which	which	PRON
ajfa-3759	90	25	are	be	AUX
ajfa-3759	90	26	acceptable	acceptable	ADJ
ajfa-3759	90	27	,	,	PUNCT
ajfa-3759	90	28	compared	compare	VERB
ajfa-3759	90	29	to	to	ADP
ajfa-3759	90	30	those	those	PRON
ajfa-3759	90	31	of	of	ADP
ajfa-3759	90	32	2	2	NUM
ajfa-3759	90	33	previous	previous	ADJ
ajfa-3759	90	34	groups	group	NOUN
ajfa-3759	90	35	,	,	PUNCT
ajfa-3759	90	36	esp	esp	ADV
ajfa-3759	90	37	.	.	PUNCT
ajfa-3759	90	38	,	,	PUNCT
ajfa-3759	90	39	asset	asset	NOUN
ajfa-3759	90	40	beta	beta	NOUN
ajfa-3759	90	41	values	value	NOUN
ajfa-3759	90	42	are	be	AUX
ajfa-3759	90	43	quite	quite	ADV
ajfa-3759	90	44	low	low	ADJ
ajfa-3759	90	45	,	,	PUNCT
ajfa-3759	90	46	indicating	indicate	VERB
ajfa-3759	90	47	the	the	DET
ajfa-3759	90	48	effectiveness	effectiveness	NOUN
ajfa-3759	90	49	of	of	ADP
ajfa-3759	90	50	using	use	VERB
ajfa-3759	90	51	financial	financial	ADJ
ajfa-3759	90	52	leverage	leverage	NOUN
ajfa-3759	90	53	.	.	PUNCT
ajfa-3759	91	1	please	please	INTJ
ajfa-3759	91	2	refer	refer	VERB
ajfa-3759	91	3	to	to	PART
ajfa-3759	91	4	exhibit	exhibit	VERB
ajfa-3759	91	5	3	3	NUM
ajfa-3759	91	6	for	for	ADP
ajfa-3759	91	7	more	more	ADJ
ajfa-3759	91	8	information	information	NOUN
ajfa-3759	91	9	.	.	PUNCT
ajfa-3759	92	1	asian	asian	ADJ
ajfa-3759	92	2	journal	journal	PROPN
ajfa-3759	92	3	of	of	ADP
ajfa-3759	92	4	finance	finance	PROPN
ajfa-3759	92	5	&	&	CCONJ
ajfa-3759	92	6	accounting	accounting	PROPN
ajfa-3759	92	7	issn	issn	PROPN
ajfa-3759	92	8	1946	1946	NUM
ajfa-3759	92	9	-	-	PUNCT
ajfa-3759	92	10	052x	052x	NOUN
ajfa-3759	92	11	2013	2013	NUM
ajfa-3759	92	12	,	,	PUNCT
ajfa-3759	92	13	vol	vol	NOUN
ajfa-3759	92	14	.	.	PROPN
ajfa-3759	92	15	5	5	NUM
ajfa-3759	92	16	,	,	PUNCT
ajfa-3759	92	17	no	no	INTJ
ajfa-3759	92	18	.	.	NOUN
ajfa-3759	92	19	2	2	NUM
ajfa-3759	92	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3759	92	21	212	212	NUM
ajfa-3759	92	22	table	table	NOUN
ajfa-3759	92	23	6	6	NUM
ajfa-3759	92	24	.	.	PUNCT
ajfa-3759	93	1	statistical	statistical	ADJ
ajfa-3759	93	2	results	result	NOUN
ajfa-3759	93	3	for	for	ADP
ajfa-3759	93	4	vietnam	vietnam	NOUN
ajfa-3759	93	5	listed	list	VERB
ajfa-3759	93	6	wholesale	wholesale	ADJ
ajfa-3759	93	7	and	and	CCONJ
ajfa-3759	93	8	retail	retail	ADJ
ajfa-3759	93	9	companies	company	NOUN
ajfa-3759	93	10	statistic	statistic	VERB
ajfa-3759	93	11	results	result	VERB
ajfa-3759	93	12	equity	equity	NOUN
ajfa-3759	93	13	beta	beta	NOUN
ajfa-3759	93	14	asset	asset	NOUN
ajfa-3759	93	15	beta	beta	NOUN
ajfa-3759	93	16	(	(	PUNCT
ajfa-3759	93	17	assume	assume	VERB
ajfa-3759	93	18	debt	debt	NOUN
ajfa-3759	93	19	beta	beta	NOUN
ajfa-3759	93	20	=	=	SYM
ajfa-3759	93	21	0	0	NUM
ajfa-3759	93	22	)	)	PUNCT
ajfa-3759	93	23	difference	difference	NOUN
ajfa-3759	93	24	max	max	PROPN
ajfa-3759	93	25	1,273	1,273	NUM
ajfa-3759	93	26	0,640	0,640	NUM
ajfa-3759	93	27	0,6334	0,6334	NUM
ajfa-3759	93	28	min	min	NOUN
ajfa-3759	93	29	0,391	0,391	NUM
ajfa-3759	93	30	0,126	0,126	NUM
ajfa-3759	93	31	0,2657	0,2657	NOUN
ajfa-3759	93	32	mean	mean	VERB
ajfa-3759	93	33	0,653	0,653	NUM
ajfa-3759	93	34	0,352	0,352	NUM
ajfa-3759	93	35	0,3002	0,3002	NOUN
ajfa-3759	93	36	var	var	NOUN
ajfa-3759	93	37	0,1069	0,1069	PROPN
ajfa-3759	93	38	0,0307	0,0307	PRON
ajfa-3759	93	39	0,0761	0,0761	ADJ
ajfa-3759	93	40	note	note	NOUN
ajfa-3759	93	41	:	:	PUNCT
ajfa-3759	93	42	sample	sample	NOUN
ajfa-3759	93	43	size	size	NOUN
ajfa-3759	93	44	:	:	PUNCT
ajfa-3759	93	45	9	9	NUM
ajfa-3759	93	46	comparison	comparison	NOUN
ajfa-3759	93	47	among	among	ADP
ajfa-3759	93	48	3	3	NUM
ajfa-3759	93	49	groups	group	NOUN
ajfa-3759	93	50	of	of	ADP
ajfa-3759	93	51	consumer	consumer	NOUN
ajfa-3759	93	52	good	good	ADJ
ajfa-3759	93	53	,	,	PUNCT
ajfa-3759	93	54	wholesale	wholesale	ADJ
ajfa-3759	93	55	and	and	CCONJ
ajfa-3759	93	56	retail	retail	ADJ
ajfa-3759	93	57	companies	company	NOUN
ajfa-3759	93	58	in	in	ADP
ajfa-3759	93	59	the	the	DET
ajfa-3759	93	60	below	below	ADJ
ajfa-3759	93	61	chart	chart	NOUN
ajfa-3759	93	62	,	,	PUNCT
ajfa-3759	93	63	we	we	PRON
ajfa-3759	93	64	can	can	AUX
ajfa-3759	93	65	see	see	VERB
ajfa-3759	93	66	among	among	ADP
ajfa-3759	93	67	the	the	DET
ajfa-3759	93	68	3	3	NUM
ajfa-3759	93	69	groups	group	NOUN
ajfa-3759	93	70	,	,	PUNCT
ajfa-3759	93	71	equity	equity	NOUN
ajfa-3759	93	72	beta	beta	NOUN
ajfa-3759	93	73	value	value	NOUN
ajfa-3759	93	74	of	of	ADP
ajfa-3759	93	75	the	the	DET
ajfa-3759	93	76	wholesale	wholesale	ADJ
ajfa-3759	93	77	/	/	SYM
ajfa-3759	93	78	retail	retail	ADJ
ajfa-3759	93	79	group	group	NOUN
ajfa-3759	93	80	is	be	AUX
ajfa-3759	93	81	the	the	DET
ajfa-3759	93	82	lowest	low	ADJ
ajfa-3759	93	83	(	(	PUNCT
ajfa-3759	93	84	0,65	0,65	NUM
ajfa-3759	93	85	)	)	PUNCT
ajfa-3759	93	86	while	while	SCONJ
ajfa-3759	93	87	asset	asset	NOUN
ajfa-3759	93	88	beta	beta	NOUN
ajfa-3759	93	89	value	value	NOUN
ajfa-3759	93	90	of	of	ADP
ajfa-3759	93	91	the	the	DET
ajfa-3759	93	92	consumer	consumer	NOUN
ajfa-3759	93	93	good	good	ADJ
ajfa-3759	93	94	group	group	NOUN
ajfa-3759	93	95	is	be	AUX
ajfa-3759	93	96	the	the	DET
ajfa-3759	93	97	lowest	low	ADJ
ajfa-3759	93	98	(	(	PUNCT
ajfa-3759	93	99	0,34	0,34	NUM
ajfa-3759	93	100	)	)	PUNCT
ajfa-3759	93	101	.	.	PUNCT
ajfa-3759	94	1	assuming	assume	VERB
ajfa-3759	94	2	debt	debt	NOUN
ajfa-3759	94	3	beta	beta	NOUN
ajfa-3759	94	4	is	be	AUX
ajfa-3759	94	5	0	0	NUM
ajfa-3759	94	6	,	,	PUNCT
ajfa-3759	94	7	financial	financial	ADJ
ajfa-3759	94	8	leverage	leverage	NOUN
ajfa-3759	94	9	has	have	AUX
ajfa-3759	94	10	helped	help	VERB
ajfa-3759	94	11	many	many	ADJ
ajfa-3759	94	12	listed	list	VERB
ajfa-3759	94	13	firms	firm	NOUN
ajfa-3759	94	14	in	in	ADP
ajfa-3759	94	15	these	these	DET
ajfa-3759	94	16	industries	industry	NOUN
ajfa-3759	94	17	lower	low	ADJ
ajfa-3759	94	18	the	the	DET
ajfa-3759	94	19	un	un	ADJ
ajfa-3759	94	20	-	-	ADJ
ajfa-3759	94	21	diversifiable	diversifiable	ADJ
ajfa-3759	94	22	risk	risk	NOUN
ajfa-3759	94	23	.	.	PUNCT
ajfa-3759	95	1	additionally	additionally	ADV
ajfa-3759	95	2	,	,	PUNCT
ajfa-3759	95	3	we	we	PRON
ajfa-3759	95	4	see	see	VERB
ajfa-3759	95	5	the	the	DET
ajfa-3759	95	6	asset	asset	NOUN
ajfa-3759	95	7	beta	beta	NOUN
ajfa-3759	95	8	mean	mean	NOUN
ajfa-3759	95	9	values	value	NOUN
ajfa-3759	95	10	of	of	ADP
ajfa-3759	95	11	all	all	DET
ajfa-3759	95	12	3	3	NUM
ajfa-3759	95	13	groups	group	NOUN
ajfa-3759	95	14	have	have	VERB
ajfa-3759	95	15	not	not	PART
ajfa-3759	95	16	big	big	ADJ
ajfa-3759	95	17	difference	difference	NOUN
ajfa-3759	95	18	and	and	CCONJ
ajfa-3759	95	19	acceptable	acceptable	ADJ
ajfa-3759	95	20	.	.	PUNCT
ajfa-3759	96	1	therefore	therefore	ADV
ajfa-3759	96	2	,	,	PUNCT
ajfa-3759	96	3	it	it	PRON
ajfa-3759	96	4	also	also	ADV
ajfa-3759	96	5	rejects	reject	VERB
ajfa-3759	96	6	our	our	PRON
ajfa-3759	96	7	3rd	3rd	ADJ
ajfa-3759	96	8	hypothesis	hypothesis	NOUN
ajfa-3759	96	9	that	that	PRON
ajfa-3759	96	10	the	the	DET
ajfa-3759	96	11	mean	mean	ADJ
ajfa-3759	96	12	values	value	NOUN
ajfa-3759	96	13	of	of	ADP
ajfa-3759	96	14	equity	equity	NOUN
ajfa-3759	96	15	/	/	SYM
ajfa-3759	96	16	asset	asset	NOUN
ajfa-3759	96	17	beta	beta	NOUN
ajfa-3759	96	18	of	of	ADP
ajfa-3759	96	19	all	all	DET
ajfa-3759	96	20	3	3	NUM
ajfa-3759	96	21	groups	group	NOUN
ajfa-3759	96	22	impose	impose	VERB
ajfa-3759	96	23	higher	high	ADJ
ajfa-3759	96	24	risks	risk	NOUN
ajfa-3759	96	25	.	.	PUNCT
ajfa-3759	97	1	next	next	ADV
ajfa-3759	97	2	,	,	PUNCT
ajfa-3759	97	3	we	we	PRON
ajfa-3759	97	4	can	can	AUX
ajfa-3759	97	5	recognize	recognize	VERB
ajfa-3759	97	6	from	from	ADP
ajfa-3759	97	7	the	the	DET
ajfa-3759	97	8	chart	chart	NOUN
ajfa-3759	97	9	that	that	PRON
ajfa-3759	97	10	,	,	PUNCT
ajfa-3759	97	11	the	the	DET
ajfa-3759	97	12	risk	risk	NOUN
ajfa-3759	97	13	in	in	ADP
ajfa-3759	97	14	the	the	DET
ajfa-3759	97	15	wholesale	wholesale	ADJ
ajfa-3759	97	16	/	/	SYM
ajfa-3759	97	17	retail	retail	NOUN
ajfa-3759	97	18	industries	industry	NOUN
ajfa-3759	97	19	lower	low	ADJ
ajfa-3759	97	20	than	than	ADP
ajfa-3759	97	21	that	that	PRON
ajfa-3759	97	22	in	in	ADP
ajfa-3759	97	23	the	the	DET
ajfa-3759	97	24	other	other	ADJ
ajfa-3759	97	25	2	2	NUM
ajfa-3759	97	26	industries	industry	NOUN
ajfa-3759	97	27	.	.	PUNCT
ajfa-3759	98	1	so	so	ADV
ajfa-3759	98	2	,	,	PUNCT
ajfa-3759	98	3	it	it	PRON
ajfa-3759	98	4	rejects	reject	VERB
ajfa-3759	98	5	our	our	PRON
ajfa-3759	98	6	1st	1st	ADJ
ajfa-3759	98	7	hypothesis	hypothesis	NOUN
ajfa-3759	98	8	.	.	PUNCT
ajfa-3759	99	1	last	last	ADJ
ajfa-3759	99	2	but	but	CCONJ
ajfa-3759	99	3	not	not	PART
ajfa-3759	99	4	least	least	ADJ
ajfa-3759	99	5	,	,	PUNCT
ajfa-3759	99	6	from	from	ADP
ajfa-3759	99	7	the	the	DET
ajfa-3759	99	8	calculated	calculate	VERB
ajfa-3759	99	9	results	result	NOUN
ajfa-3759	99	10	,	,	PUNCT
ajfa-3759	99	11	variance	variance	NOUN
ajfa-3759	99	12	of	of	ADP
ajfa-3759	99	13	asset	asset	NOUN
ajfa-3759	99	14	beta	beta	NOUN
ajfa-3759	99	15	in	in	ADP
ajfa-3759	99	16	the	the	DET
ajfa-3759	99	17	consumer	consumer	NOUN
ajfa-3759	99	18	good	good	NOUN
ajfa-3759	99	19	and	and	CCONJ
ajfa-3759	99	20	wholesale	wholesale	ADJ
ajfa-3759	99	21	/	/	SYM
ajfa-3759	99	22	retail	retail	ADJ
ajfa-3759	99	23	industries	industry	NOUN
ajfa-3759	99	24	are	be	AUX
ajfa-3759	99	25	low	low	ADJ
ajfa-3759	99	26	while	while	SCONJ
ajfa-3759	99	27	that	that	PRON
ajfa-3759	99	28	of	of	ADP
ajfa-3759	99	29	equity	equity	NOUN
ajfa-3759	99	30	beta	beta	NOUN
ajfa-3759	99	31	in	in	ADP
ajfa-3759	99	32	these	these	DET
ajfa-3759	99	33	industries	industry	NOUN
ajfa-3759	99	34	.	.	PUNCT
ajfa-3759	100	1	in	in	ADP
ajfa-3759	100	2	number	number	NOUN
ajfa-3759	100	3	,	,	PUNCT
ajfa-3759	100	4	equity	equity	NOUN
ajfa-3759	100	5	beta	beta	NOUN
ajfa-3759	100	6	var	var	NOUN
ajfa-3759	100	7	is	be	AUX
ajfa-3759	100	8	from	from	ADP
ajfa-3759	100	9	0,11	0,11	X
ajfa-3759	100	10	-0,3	-0,3	NOUN
ajfa-3759	100	11	and	and	CCONJ
ajfa-3759	100	12	asset	asset	NOUN
ajfa-3759	100	13	beta	beta	NOUN
ajfa-3759	100	14	var	var	NOUN
ajfa-3759	100	15	is	be	AUX
ajfa-3759	100	16	from	from	ADP
ajfa-3759	100	17	0,03	0,03	PROPN
ajfa-3759	100	18	-	-	PUNCT
ajfa-3759	100	19	0,12	0,12	NOUN
ajfa-3759	100	20	which	which	PRON
ajfa-3759	100	21	is	be	AUX
ajfa-3759	100	22	not	not	PART
ajfa-3759	100	23	big	big	ADJ
ajfa-3759	100	24	.	.	PUNCT
ajfa-3759	101	1	this	this	PRON
ajfa-3759	101	2	also	also	ADV
ajfa-3759	101	3	rejects	reject	VERB
ajfa-3759	101	4	our	our	PRON
ajfa-3759	101	5	2nd	2nd	ADJ
ajfa-3759	101	6	hypothesis	hypothesis	NOUN
ajfa-3759	101	7	.	.	PUNCT
ajfa-3759	102	1	finally	finally	ADV
ajfa-3759	102	2	,	,	PUNCT
ajfa-3759	102	3	if	if	SCONJ
ajfa-3759	102	4	we	we	PRON
ajfa-3759	102	5	compare	compare	VERB
ajfa-3759	102	6	beta	beta	ADJ
ajfa-3759	102	7	values	value	NOUN
ajfa-3759	102	8	of	of	ADP
ajfa-3759	102	9	three	three	NUM
ajfa-3759	102	10	(	(	PUNCT
ajfa-3759	102	11	3	3	NUM
ajfa-3759	102	12	)	)	PUNCT
ajfa-3759	102	13	above	above	ADP
ajfa-3759	102	14	industries	industry	NOUN
ajfa-3759	102	15	to	to	ADP
ajfa-3759	102	16	those	those	PRON
ajfa-3759	102	17	of	of	ADP
ajfa-3759	102	18	computer	computer	NOUN
ajfa-3759	102	19	and	and	CCONJ
ajfa-3759	102	20	electrical	electrical	ADJ
ajfa-3759	102	21	group	group	NOUN
ajfa-3759	102	22	companies	company	NOUN
ajfa-3759	102	23	,	,	PUNCT
ajfa-3759	102	24	we	we	PRON
ajfa-3759	102	25	see	see	VERB
ajfa-3759	102	26	the	the	DET
ajfa-3759	102	27	asset	asset	NOUN
ajfa-3759	102	28	beta	beta	NOUN
ajfa-3759	102	29	mean	mean	NOUN
ajfa-3759	102	30	values	value	NOUN
ajfa-3759	102	31	in	in	ADP
ajfa-3759	102	32	the	the	DET
ajfa-3759	102	33	consumer	consumer	NOUN
ajfa-3759	102	34	good	good	NOUN
ajfa-3759	102	35	and	and	CCONJ
ajfa-3759	102	36	wholesale	wholesale	ADJ
ajfa-3759	102	37	/	/	SYM
ajfa-3759	102	38	retail	retail	ADJ
ajfa-3759	102	39	industries	industry	NOUN
ajfa-3759	102	40	are	be	AUX
ajfa-3759	102	41	a	a	DET
ajfa-3759	102	42	little	little	ADJ
ajfa-3759	102	43	bit	bit	NOUN
ajfa-3759	102	44	lower	lower	ADV
ajfa-3759	102	45	(	(	PUNCT
ajfa-3759	102	46	see	see	VERB
ajfa-3759	102	47	exhibit	exhibit	NOUN
ajfa-3759	102	48	4	4	NUM
ajfa-3759	102	49	)	)	PUNCT
ajfa-3759	102	50	.	.	PUNCT
ajfa-3759	103	1	0,75	0,75	NOUN
ajfa-3759	103	2	0,37	0,37	NUM
ajfa-3759	104	1	0,30	0,30	NUM
ajfa-3759	104	2	0,12	0,12	NUM
ajfa-3759	105	1	0,69	0,69	PUNCT
ajfa-3759	106	1	0,34	0,34	PUNCT
ajfa-3759	106	2	0,21	0,21	NUM
ajfa-3759	106	3	0,07	0,07	PUNCT
ajfa-3759	107	1	0,65	0,65	NOUN
ajfa-3759	108	1	0,35	0,35	NUM
ajfa-3759	108	2	0,11	0,11	NOUN
ajfa-3759	109	1	0,03	0,03	NUM
ajfa-3759	109	2	0,00	0,00	X
ajfa-3759	109	3	0,10	0,10	X
ajfa-3759	109	4	0,20	0,20	X
ajfa-3759	109	5	0,30	0,30	NUM
ajfa-3759	109	6	0,40	0,40	NUM
ajfa-3759	110	1	0,50	0,50	NOUN
ajfa-3759	110	2	0,60	0,60	NUM
ajfa-3759	111	1	0,70	0,70	PROPN
ajfa-3759	111	2	0,80	0,80	NUM
ajfa-3759	111	3	equity	equity	NOUN
ajfa-3759	111	4	beta	beta	NOUN
ajfa-3759	111	5	mean	mean	NOUN
ajfa-3759	112	1	asset	asset	NOUN
ajfa-3759	112	2	beta	beta	NOUN
ajfa-3759	112	3	mean	mean	NOUN
ajfa-3759	112	4	equity	equity	NOUN
ajfa-3759	112	5	beta	beta	PROPN
ajfa-3759	112	6	var	var	PROPN
ajfa-3759	112	7	asset	asset	NOUN
ajfa-3759	112	8	beta	beta	NOUN
ajfa-3759	112	9	var	var	NOUN
ajfa-3759	112	10	material	material	NOUN
ajfa-3759	112	11	consumer	consumer	NOUN
ajfa-3759	112	12	good	good	ADJ
ajfa-3759	112	13	wholesale	wholesale	ADJ
ajfa-3759	112	14	and	and	CCONJ
ajfa-3759	112	15	retail	retail	ADJ
ajfa-3759	112	16	chart	chart	NOUN
ajfa-3759	112	17	1	1	NUM
ajfa-3759	112	18	.	.	PUNCT
ajfa-3759	113	1	statistical	statistical	ADJ
ajfa-3759	113	2	results	result	NOUN
ajfa-3759	113	3	of	of	ADP
ajfa-3759	113	4	three	three	NUM
ajfa-3759	113	5	(	(	PUNCT
ajfa-3759	113	6	3	3	NUM
ajfa-3759	113	7	)	)	PUNCT
ajfa-3759	113	8	groups	group	NOUN
ajfa-3759	113	9	of	of	ADP
ajfa-3759	113	10	229	229	NUM
ajfa-3759	113	11	listed	list	VERB
ajfa-3759	113	12	vn	vn	PROPN
ajfa-3759	113	13	consumer	consumer	NOUN
ajfa-3759	113	14	good	good	NOUN
ajfa-3759	113	15	,	,	PUNCT
ajfa-3759	113	16	wholesale	wholesale	ADJ
ajfa-3759	113	17	and	and	CCONJ
ajfa-3759	113	18	retail	retail	ADJ
ajfa-3759	113	19	firms	firm	NOUN
ajfa-3759	113	20	during	during	ADP
ajfa-3759	113	21	/	/	SYM
ajfa-3759	113	22	after	after	ADP
ajfa-3759	113	23	the	the	DET
ajfa-3759	113	24	crisis	crisis	NOUN
ajfa-3759	113	25	period	period	NOUN
ajfa-3759	113	26	2007	2007	NUM
ajfa-3759	113	27	-	-	SYM
ajfa-3759	113	28	2011	2011	NUM
ajfa-3759	113	29	asian	asian	ADJ
ajfa-3759	113	30	journal	journal	NOUN
ajfa-3759	113	31	of	of	ADP
ajfa-3759	113	32	finance	finance	PROPN
ajfa-3759	113	33	&	&	CCONJ
ajfa-3759	113	34	accounting	accounting	PROPN
ajfa-3759	113	35	issn	issn	PROPN
ajfa-3759	113	36	1946	1946	NUM
ajfa-3759	113	37	-	-	PUNCT
ajfa-3759	113	38	052x	052x	NOUN
ajfa-3759	113	39	2013	2013	NUM
ajfa-3759	113	40	,	,	PUNCT
ajfa-3759	113	41	vol	vol	NOUN
ajfa-3759	113	42	.	.	PROPN
ajfa-3759	113	43	5	5	NUM
ajfa-3759	113	44	,	,	PUNCT
ajfa-3759	113	45	no	no	INTJ
ajfa-3759	113	46	.	.	NOUN
ajfa-3759	113	47	2	2	NUM
ajfa-3759	113	48	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3759	113	49	213	213	NUM
ajfa-3759	113	50	8	8	NUM
ajfa-3759	113	51	.	.	PUNCT
ajfa-3759	114	1	risk	risk	NOUN
ajfa-3759	114	2	analysis	analysis	NOUN
ajfa-3759	114	3	the	the	DET
ajfa-3759	114	4	consumer	consumer	NOUN
ajfa-3759	114	5	good	good	ADJ
ajfa-3759	114	6	and	and	CCONJ
ajfa-3759	114	7	material	material	NOUN
ajfa-3759	114	8	industries	industry	NOUN
ajfa-3759	114	9	have	have	VERB
ajfa-3759	114	10	certain	certain	ADJ
ajfa-3759	114	11	negative	negative	ADJ
ajfa-3759	114	12	impacts	impact	NOUN
ajfa-3759	114	13	from	from	ADP
ajfa-3759	114	14	unexpected	unexpected	ADJ
ajfa-3759	114	15	increasing	increase	VERB
ajfa-3759	114	16	price	price	NOUN
ajfa-3759	114	17	in	in	ADP
ajfa-3759	114	18	the	the	DET
ajfa-3759	114	19	materials	material	NOUN
ajfa-3759	114	20	,	,	PUNCT
ajfa-3759	114	21	selling	sell	VERB
ajfa-3759	114	22	prices	price	NOUN
ajfa-3759	114	23	and	and	CCONJ
ajfa-3759	114	24	increasing	increase	VERB
ajfa-3759	114	25	lending	lending	NOUN
ajfa-3759	114	26	interest	interest	NOUN
ajfa-3759	114	27	rates	rate	NOUN
ajfa-3759	114	28	which	which	PRON
ajfa-3759	114	29	are	be	AUX
ajfa-3759	114	30	affected	affect	VERB
ajfa-3759	114	31	by	by	ADP
ajfa-3759	114	32	the	the	DET
ajfa-3759	114	33	high	high	ADJ
ajfa-3759	114	34	inflation	inflation	NOUN
ajfa-3759	114	35	of	of	ADP
ajfa-3759	114	36	23	23	NUM
ajfa-3759	114	37	%	%	NOUN
ajfa-3759	114	38	in	in	ADP
ajfa-3759	114	39	2008	2008	NUM
ajfa-3759	114	40	;	;	PUNCT
ajfa-3759	114	41	although	although	SCONJ
ajfa-3759	114	42	the	the	DET
ajfa-3759	114	43	inflation	inflation	NOUN
ajfa-3759	114	44	and	and	CCONJ
ajfa-3759	114	45	interest	interest	NOUN
ajfa-3759	114	46	rates	rate	NOUN
ajfa-3759	114	47	decrease	decrease	VERB
ajfa-3759	114	48	in	in	ADP
ajfa-3759	114	49	later	later	ADJ
ajfa-3759	114	50	years	year	NOUN
ajfa-3759	114	51	but	but	CCONJ
ajfa-3759	114	52	the	the	DET
ajfa-3759	114	53	prices	price	NOUN
ajfa-3759	114	54	can	can	AUX
ajfa-3759	114	55	not	not	PART
ajfa-3759	114	56	decrease	decrease	VERB
ajfa-3759	114	57	in	in	ADP
ajfa-3759	114	58	a	a	DET
ajfa-3759	114	59	short	short	ADJ
ajfa-3759	114	60	time	time	NOUN
ajfa-3759	114	61	;	;	PUNCT
ajfa-3759	114	62	so	so	ADV
ajfa-3759	114	63	,	,	PUNCT
ajfa-3759	114	64	they	they	PRON
ajfa-3759	114	65	create	create	VERB
ajfa-3759	114	66	risks	risk	NOUN
ajfa-3759	114	67	in	in	ADP
ajfa-3759	114	68	this	this	DET
ajfa-3759	114	69	period	period	NOUN
ajfa-3759	114	70	.	.	PUNCT
ajfa-3759	115	1	besides	besides	SCONJ
ajfa-3759	115	2	,	,	PUNCT
ajfa-3759	115	3	these	these	DET
ajfa-3759	115	4	firms	firm	NOUN
ajfa-3759	115	5	have	have	VERB
ajfa-3759	115	6	to	to	PART
ajfa-3759	115	7	face	face	VERB
ajfa-3759	115	8	other	other	ADJ
ajfa-3759	115	9	kinds	kind	NOUN
ajfa-3759	115	10	of	of	ADP
ajfa-3759	115	11	risks	risk	NOUN
ajfa-3759	115	12	from	from	ADP
ajfa-3759	115	13	competition	competition	NOUN
ajfa-3759	115	14	as	as	SCONJ
ajfa-3759	115	15	there	there	PRON
ajfa-3759	115	16	are	be	VERB
ajfa-3759	115	17	more	more	ADV
ajfa-3759	115	18	and	and	CCONJ
ajfa-3759	115	19	more	more	ADV
ajfa-3759	115	20	similar	similar	ADJ
ajfa-3759	115	21	provided	provide	VERB
ajfa-3759	115	22	goods	good	NOUN
ajfa-3759	115	23	or	or	CCONJ
ajfa-3759	115	24	products	product	NOUN
ajfa-3759	115	25	for	for	ADP
ajfa-3759	115	26	consumers	consumer	NOUN
ajfa-3759	115	27	.	.	PUNCT
ajfa-3759	116	1	these	these	DET
ajfa-3759	116	2	risks	risk	NOUN
ajfa-3759	116	3	can	can	AUX
ajfa-3759	116	4	affect	affect	VERB
ajfa-3759	116	5	the	the	DET
ajfa-3759	116	6	performance	performance	NOUN
ajfa-3759	116	7	and	and	CCONJ
ajfa-3759	116	8	net	net	ADJ
ajfa-3759	116	9	cash	cash	NOUN
ajfa-3759	116	10	flow	flow	NOUN
ajfa-3759	116	11	of	of	ADP
ajfa-3759	116	12	these	these	DET
ajfa-3759	116	13	companies	company	NOUN
ajfa-3759	116	14	.	.	PUNCT
ajfa-3759	117	1	9	9	X
ajfa-3759	117	2	.	.	X
ajfa-3759	117	3	conclusion	conclusion	NOUN
ajfa-3759	117	4	and	and	CCONJ
ajfa-3759	117	5	policy	policy	NOUN
ajfa-3759	117	6	suggestion	suggestion	NOUN
ajfa-3759	117	7	material	material	NOUN
ajfa-3759	117	8	industry	industry	NOUN
ajfa-3759	117	9	even	even	ADV
ajfa-3759	117	10	though	though	SCONJ
ajfa-3759	117	11	beta	beta	ADJ
ajfa-3759	117	12	mean	mean	NOUN
ajfa-3759	117	13	values	value	NOUN
ajfa-3759	117	14	are	be	AUX
ajfa-3759	117	15	fine	fine	ADJ
ajfa-3759	117	16	,	,	PUNCT
ajfa-3759	117	17	this	this	PRON
ajfa-3759	117	18	is	be	AUX
ajfa-3759	117	19	the	the	DET
ajfa-3759	117	20	industry	industry	NOUN
ajfa-3759	117	21	which	which	PRON
ajfa-3759	117	22	has	have	VERB
ajfa-3759	117	23	both	both	CCONJ
ajfa-3759	117	24	the	the	DET
ajfa-3759	117	25	highest	high	ADJ
ajfa-3759	117	26	equity	equity	NOUN
ajfa-3759	117	27	/	/	SYM
ajfa-3759	117	28	asset	asset	NOUN
ajfa-3759	117	29	beta	beta	NOUN
ajfa-3759	117	30	mean	mean	NOUN
ajfa-3759	117	31	values	value	NOUN
ajfa-3759	117	32	and	and	CCONJ
ajfa-3759	117	33	the	the	DET
ajfa-3759	117	34	highest	high	ADJ
ajfa-3759	117	35	asset	asset	NOUN
ajfa-3759	117	36	/equity	/equity	PUNCT
ajfa-3759	118	1	beta	beta	ADJ
ajfa-3759	118	2	var	var	NOUN
ajfa-3759	118	3	(	(	PUNCT
ajfa-3759	118	4	see	see	VERB
ajfa-3759	118	5	chart	chart	NOUN
ajfa-3759	118	6	1	1	NUM
ajfa-3759	118	7	)	)	PUNCT
ajfa-3759	118	8	.	.	PUNCT
ajfa-3759	119	1	during	during	ADP
ajfa-3759	119	2	the	the	DET
ajfa-3759	119	3	crisis	crisis	NOUN
ajfa-3759	119	4	,	,	PUNCT
ajfa-3759	119	5	this	this	DET
ajfa-3759	119	6	industry	industry	NOUN
ajfa-3759	119	7	has	have	VERB
ajfa-3759	119	8	higher	high	ADJ
ajfa-3759	119	9	market	market	NOUN
ajfa-3759	119	10	risk	risk	NOUN
ajfa-3759	119	11	and	and	CCONJ
ajfa-3759	119	12	beta	beta	ADJ
ajfa-3759	119	13	values	value	NOUN
ajfa-3759	119	14	of	of	ADP
ajfa-3759	119	15	firms	firm	NOUN
ajfa-3759	119	16	in	in	ADP
ajfa-3759	119	17	the	the	DET
ajfa-3759	119	18	group	group	NOUN
ajfa-3759	119	19	are	be	AUX
ajfa-3759	119	20	more	more	ADV
ajfa-3759	119	21	fluctuated	fluctuated	ADJ
ajfa-3759	119	22	.	.	PUNCT
ajfa-3759	120	1	after	after	ADP
ajfa-3759	120	2	increasing	increase	VERB
ajfa-3759	120	3	rates	rate	NOUN
ajfa-3759	120	4	period	period	NOUN
ajfa-3759	120	5	(	(	PUNCT
ajfa-3759	120	6	see	see	VERB
ajfa-3759	120	7	exhibit	exhibit	NOUN
ajfa-3759	120	8	1	1	NUM
ajfa-3759	120	9	)	)	PUNCT
ajfa-3759	120	10	,	,	PUNCT
ajfa-3759	120	11	financial	financial	ADJ
ajfa-3759	120	12	services	service	NOUN
ajfa-3759	120	13	industries	industry	NOUN
ajfa-3759	120	14	,	,	PUNCT
ajfa-3759	120	15	the	the	DET
ajfa-3759	120	16	government	government	NOUN
ajfa-3759	120	17	and	and	CCONJ
ajfa-3759	120	18	central	central	ADJ
ajfa-3759	120	19	banks	bank	NOUN
ajfa-3759	120	20	have	have	VERB
ajfa-3759	120	21	certain	certain	ADJ
ajfa-3759	120	22	efforts	effort	NOUN
ajfa-3759	120	23	and	and	CCONJ
ajfa-3759	120	24	proper	proper	ADJ
ajfa-3759	120	25	policies	policy	NOUN
ajfa-3759	120	26	to	to	PART
ajfa-3759	120	27	support	support	VERB
ajfa-3759	120	28	businesses	business	NOUN
ajfa-3759	120	29	and	and	CCONJ
ajfa-3759	120	30	internal	internal	ADJ
ajfa-3759	120	31	investors	investor	NOUN
ajfa-3759	120	32	,	,	PUNCT
ajfa-3759	120	33	and	and	CCONJ
ajfa-3759	120	34	stabilize	stabilize	VERB
ajfa-3759	120	35	inflation	inflation	NOUN
ajfa-3759	120	36	.	.	PUNCT
ajfa-3759	121	1	consumer	consumer	NOUN
ajfa-3759	121	2	good	good	ADJ
ajfa-3759	121	3	industry	industry	NOUN
ajfa-3759	121	4	generally	generally	ADV
ajfa-3759	121	5	speaking	speak	VERB
ajfa-3759	121	6	,	,	PUNCT
ajfa-3759	121	7	this	this	PRON
ajfa-3759	121	8	is	be	AUX
ajfa-3759	121	9	the	the	DET
ajfa-3759	121	10	industry	industry	NOUN
ajfa-3759	121	11	which	which	PRON
ajfa-3759	121	12	has	have	VERB
ajfa-3759	121	13	middle	middle	ADJ
ajfa-3759	121	14	values	value	NOUN
ajfa-3759	121	15	of	of	ADP
ajfa-3759	121	16	equity	equity	NOUN
ajfa-3759	121	17	beta	beta	NOUN
ajfa-3759	121	18	mean	mean	NOUN
ajfa-3759	121	19	and	and	CCONJ
ajfa-3759	121	20	var	var	NOUN
ajfa-3759	121	21	,	,	PUNCT
ajfa-3759	121	22	among	among	ADP
ajfa-3759	121	23	3	3	NUM
ajfa-3759	121	24	groups	group	NOUN
ajfa-3759	121	25	.	.	PUNCT
ajfa-3759	122	1	the	the	DET
ajfa-3759	122	2	using	using	NOUN
ajfa-3759	122	3	of	of	ADP
ajfa-3759	122	4	financial	financial	ADJ
ajfa-3759	122	5	leverage	leverage	NOUN
ajfa-3759	122	6	can	can	AUX
ajfa-3759	122	7	be	be	AUX
ajfa-3759	122	8	a	a	DET
ajfa-3759	122	9	reason	reason	NOUN
ajfa-3759	122	10	to	to	PART
ajfa-3759	122	11	reduce	reduce	VERB
ajfa-3759	122	12	market	market	NOUN
ajfa-3759	122	13	risk	risk	NOUN
ajfa-3759	122	14	,	,	PUNCT
ajfa-3759	122	15	from	from	ADP
ajfa-3759	122	16	0,69	0,69	PUNCT
ajfa-3759	122	17	(	(	PUNCT
ajfa-3759	122	18	equity	equity	NOUN
ajfa-3759	122	19	beta	beta	NOUN
ajfa-3759	122	20	mean	mean	NOUN
ajfa-3759	122	21	)	)	PUNCT
ajfa-3759	122	22	to	to	ADP
ajfa-3759	122	23	0,34	0,34	X
ajfa-3759	122	24	(	(	PUNCT
ajfa-3759	122	25	asset	asset	NOUN
ajfa-3759	122	26	beta	beta	NOUN
ajfa-3759	122	27	mean	mean	NOUN
ajfa-3759	122	28	)	)	PUNCT
ajfa-3759	122	29	.	.	PUNCT
ajfa-3759	123	1	the	the	DET
ajfa-3759	123	2	market	market	NOUN
ajfa-3759	123	3	is	be	AUX
ajfa-3759	123	4	established	establish	VERB
ajfa-3759	123	5	.	.	PUNCT
ajfa-3759	124	1	wholesale	wholesale	ADJ
ajfa-3759	124	2	/	/	SYM
ajfa-3759	124	3	retail	retail	NOUN
ajfa-3759	124	4	industry	industry	NOUN
ajfa-3759	124	5	through	through	ADP
ajfa-3759	124	6	our	our	PRON
ajfa-3759	124	7	comparative	comparative	ADJ
ajfa-3759	124	8	analysis	analysis	NOUN
ajfa-3759	124	9	on	on	ADP
ajfa-3759	124	10	asset	asset	NOUN
ajfa-3759	124	11	beta	beta	NOUN
ajfa-3759	124	12	values	value	NOUN
ajfa-3759	124	13	,	,	PUNCT
ajfa-3759	124	14	this	this	PRON
ajfa-3759	124	15	is	be	AUX
ajfa-3759	124	16	the	the	DET
ajfa-3759	124	17	industry	industry	NOUN
ajfa-3759	124	18	which	which	PRON
ajfa-3759	124	19	has	have	VERB
ajfa-3759	124	20	the	the	DET
ajfa-3759	124	21	lower	low	ADJ
ajfa-3759	124	22	market	market	NOUN
ajfa-3759	124	23	risk	risk	NOUN
ajfa-3759	124	24	exposure	exposure	NOUN
ajfa-3759	124	25	than	than	ADP
ajfa-3759	124	26	that	that	PRON
ajfa-3759	124	27	of	of	ADP
ajfa-3759	124	28	the	the	DET
ajfa-3759	124	29	other	other	ADJ
ajfa-3759	124	30	two	two	NUM
ajfa-3759	124	31	(	(	PUNCT
ajfa-3759	124	32	2	2	NUM
ajfa-3759	124	33	)	)	PUNCT
ajfa-3759	124	34	above	above	ADP
ajfa-3759	124	35	industries	industry	NOUN
ajfa-3759	124	36	when	when	SCONJ
ajfa-3759	124	37	we	we	PRON
ajfa-3759	124	38	consider	consider	VERB
ajfa-3759	124	39	values	value	NOUN
ajfa-3759	124	40	of	of	ADP
ajfa-3759	124	41	equity	equity	NOUN
ajfa-3759	124	42	beta	beta	NOUN
ajfa-3759	124	43	mean	mean	NOUN
ajfa-3759	124	44	,	,	PUNCT
ajfa-3759	124	45	or	or	CCONJ
ajfa-3759	124	46	asset	asset	NOUN
ajfa-3759	124	47	/	/	SYM
ajfa-3759	124	48	equity	equity	NOUN
ajfa-3759	124	49	beta	beta	PROPN
ajfa-3759	124	50	var	var	NOUN
ajfa-3759	124	51	.	.	PUNCT
ajfa-3759	125	1	also	also	ADV
ajfa-3759	125	2	the	the	DET
ajfa-3759	125	3	beta	beta	ADJ
ajfa-3759	125	4	variance	variance	NOUN
ajfa-3759	125	5	shows	show	VERB
ajfa-3759	125	6	a	a	DET
ajfa-3759	125	7	small	small	ADJ
ajfa-3759	125	8	dispersion	dispersion	NOUN
ajfa-3759	125	9	and	and	CCONJ
ajfa-3759	125	10	smaller	small	ADJ
ajfa-3759	125	11	than	than	ADP
ajfa-3759	125	12	,	,	PUNCT
ajfa-3759	125	13	esp	esp	ADJ
ajfa-3759	125	14	.	.	PUNCT
ajfa-3759	125	15	,	,	PUNCT
ajfa-3759	125	16	material	material	NOUN
ajfa-3759	125	17	and	and	CCONJ
ajfa-3759	125	18	consumer	consumer	NOUN
ajfa-3759	125	19	good	good	ADJ
ajfa-3759	125	20	firms	firm	NOUN
ajfa-3759	125	21	.	.	PUNCT
ajfa-3759	126	1	in	in	ADP
ajfa-3759	126	2	general	general	ADJ
ajfa-3759	126	3	,	,	PUNCT
ajfa-3759	126	4	our	our	PRON
ajfa-3759	126	5	empirical	empirical	ADJ
ajfa-3759	126	6	findings	finding	NOUN
ajfa-3759	126	7	state	state	NOUN
ajfa-3759	126	8	that	that	SCONJ
ajfa-3759	126	9	they	they	PRON
ajfa-3759	126	10	are	be	AUX
ajfa-3759	126	11	not	not	PART
ajfa-3759	126	12	in	in	ADP
ajfa-3759	126	13	favor	favor	NOUN
ajfa-3759	126	14	of	of	ADP
ajfa-3759	126	15	our	our	PRON
ajfa-3759	126	16	1st	1st	ADJ
ajfa-3759	126	17	and	and	CCONJ
ajfa-3759	126	18	2nd	2nd	ADJ
ajfa-3759	126	19	and	and	CCONJ
ajfa-3759	126	20	3rd	3rd	ADJ
ajfa-3759	126	21	hypotheses	hypothesis	NOUN
ajfa-3759	126	22	or	or	CCONJ
ajfa-3759	126	23	research	research	NOUN
ajfa-3759	126	24	issues	issue	NOUN
ajfa-3759	126	25	.	.	PUNCT
ajfa-3759	127	1	in	in	ADP
ajfa-3759	127	2	summary	summary	NOUN
ajfa-3759	127	3	,	,	PUNCT
ajfa-3759	127	4	though	though	SCONJ
ajfa-3759	127	5	viet	viet	PROPN
ajfa-3759	127	6	nam	nam	PROPN
ajfa-3759	127	7	is	be	AUX
ajfa-3759	127	8	an	an	DET
ajfa-3759	127	9	emerging	emerge	VERB
ajfa-3759	127	10	market	market	NOUN
ajfa-3759	127	11	with	with	ADP
ajfa-3759	127	12	imperfect	imperfect	ADJ
ajfa-3759	127	13	financial	financial	ADJ
ajfa-3759	127	14	system	system	NOUN
ajfa-3759	127	15	,	,	PUNCT
ajfa-3759	127	16	the	the	DET
ajfa-3759	127	17	beta	beta	ADJ
ajfa-3759	127	18	values	value	NOUN
ajfa-3759	127	19	estimated	estimate	VERB
ajfa-3759	127	20	are	be	AUX
ajfa-3759	127	21	at	at	ADP
ajfa-3759	127	22	acceptable	acceptable	ADJ
ajfa-3759	127	23	level	level	NOUN
ajfa-3759	127	24	with	with	ADP
ajfa-3759	127	25	72	72	NUM
ajfa-3759	127	26	%	%	NOUN
ajfa-3759	127	27	firms	firm	NOUN
ajfa-3759	127	28	in	in	ADP
ajfa-3759	127	29	the	the	DET
ajfa-3759	127	30	research	research	NOUN
ajfa-3759	127	31	sample	sample	NOUN
ajfa-3759	127	32	while	while	SCONJ
ajfa-3759	127	33	just	just	ADV
ajfa-3759	127	34	a	a	DET
ajfa-3759	127	35	few	few	ADJ
ajfa-3759	127	36	companies	company	NOUN
ajfa-3759	127	37	’	'	PUNCT
ajfa-3759	127	38	beta	beta	ADJ
ajfa-3759	127	39	values	value	NOUN
ajfa-3759	127	40	are	be	AUX
ajfa-3759	127	41	risky	risky	ADJ
ajfa-3759	127	42	(	(	PUNCT
ajfa-3759	127	43	about	about	ADV
ajfa-3759	127	44	26	26	NUM
ajfa-3759	127	45	%	%	NOUN
ajfa-3759	127	46	firms	firm	NOUN
ajfa-3759	127	47	)	)	PUNCT
ajfa-3759	127	48	.	.	PUNCT
ajfa-3759	128	1	additionally	additionally	ADV
ajfa-3759	128	2	,	,	PUNCT
ajfa-3759	128	3	it	it	PRON
ajfa-3759	128	4	indicates	indicate	VERB
ajfa-3759	128	5	the	the	DET
ajfa-3759	128	6	higher	high	ADJ
ajfa-3759	128	7	the	the	DET
ajfa-3759	128	8	using	using	NOUN
ajfa-3759	128	9	of	of	ADP
ajfa-3759	128	10	financial	financial	ADJ
ajfa-3759	128	11	leverage	leverage	NOUN
ajfa-3759	128	12	,	,	PUNCT
ajfa-3759	128	13	the	the	PRON
ajfa-3759	128	14	lower	low	ADJ
ajfa-3759	128	15	the	the	DET
ajfa-3759	128	16	beta	beta	ADJ
ajfa-3759	128	17	values	value	NOUN
ajfa-3759	128	18	.	.	PUNCT
ajfa-3759	129	1	in	in	ADP
ajfa-3759	129	2	reality	reality	NOUN
ajfa-3759	129	3	,	,	PUNCT
ajfa-3759	129	4	there	there	PRON
ajfa-3759	129	5	are	be	VERB
ajfa-3759	129	6	72	72	NUM
ajfa-3759	129	7	%	%	NOUN
ajfa-3759	129	8	of	of	ADP
ajfa-3759	129	9	computer	computer	NOUN
ajfa-3759	129	10	and	and	CCONJ
ajfa-3759	129	11	electrical	electrical	ADJ
ajfa-3759	129	12	firms	firm	NOUN
ajfa-3759	129	13	(	(	PUNCT
ajfa-3759	129	14	166	166	NUM
ajfa-3759	129	15	among	among	ADP
ajfa-3759	129	16	229	229	NUM
ajfa-3759	129	17	firms	firm	NOUN
ajfa-3759	129	18	)	)	PUNCT
ajfa-3759	129	19	which	which	PRON
ajfa-3759	129	20	has	have	VERB
ajfa-3759	129	21	0	0	NUM
ajfa-3759	129	22	<	<	X
ajfa-3759	129	23	beta<1	beta<1	NOUN
ajfa-3759	129	24	in	in	ADP
ajfa-3759	129	25	this	this	DET
ajfa-3759	129	26	research	research	NOUN
ajfa-3759	129	27	sample	sample	NOUN
ajfa-3759	129	28	.	.	PUNCT
ajfa-3759	130	1	if	if	SCONJ
ajfa-3759	130	2	used	use	VERB
ajfa-3759	130	3	effectively	effectively	ADV
ajfa-3759	130	4	,	,	PUNCT
ajfa-3759	130	5	using	use	VERB
ajfa-3759	130	6	leverage	leverage	NOUN
ajfa-3759	130	7	can	can	AUX
ajfa-3759	130	8	be	be	AUX
ajfa-3759	130	9	good	good	ADJ
ajfa-3759	130	10	for	for	ADP
ajfa-3759	130	11	risk	risk	NOUN
ajfa-3759	130	12	management	management	NOUN
ajfa-3759	130	13	.	.	PUNCT
ajfa-3759	131	1	asian	asian	ADJ
ajfa-3759	131	2	journal	journal	PROPN
ajfa-3759	131	3	of	of	ADP
ajfa-3759	131	4	finance	finance	PROPN
ajfa-3759	131	5	&	&	CCONJ
ajfa-3759	131	6	accounting	accounting	PROPN
ajfa-3759	131	7	issn	issn	PROPN
ajfa-3759	131	8	1946	1946	NUM
ajfa-3759	131	9	-	-	PUNCT
ajfa-3759	131	10	052x	052x	NOUN
ajfa-3759	131	11	2013	2013	NUM
ajfa-3759	131	12	,	,	PUNCT
ajfa-3759	131	13	vol	vol	NOUN
ajfa-3759	131	14	.	.	PROPN
ajfa-3759	131	15	5	5	NUM
ajfa-3759	131	16	,	,	PUNCT
ajfa-3759	131	17	no	no	INTJ
ajfa-3759	131	18	.	.	NOUN
ajfa-3759	131	19	2	2	NUM
ajfa-3759	131	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3759	131	21	214	214	NUM
ajfa-3759	131	22	furthermore	furthermore	ADV
ajfa-3759	131	23	,	,	PUNCT
ajfa-3759	131	24	if	if	SCONJ
ajfa-3759	131	25	we	we	PRON
ajfa-3759	131	26	compare	compare	VERB
ajfa-3759	131	27	these	these	DET
ajfa-3759	131	28	data	datum	NOUN
ajfa-3759	131	29	and	and	CCONJ
ajfa-3759	131	30	values	value	NOUN
ajfa-3759	131	31	to	to	ADP
ajfa-3759	131	32	those	those	PRON
ajfa-3759	131	33	of	of	ADP
ajfa-3759	131	34	construction	construction	NOUN
ajfa-3759	131	35	and	and	CCONJ
ajfa-3759	131	36	real	real	ADJ
ajfa-3759	131	37	estate	estate	NOUN
ajfa-3759	131	38	firms	firm	NOUN
ajfa-3759	131	39	,	,	PUNCT
ajfa-3759	131	40	and	and	CCONJ
ajfa-3759	131	41	to	to	ADP
ajfa-3759	131	42	those	those	PRON
ajfa-3759	131	43	of	of	ADP
ajfa-3759	131	44	computer	computer	NOUN
ajfa-3759	131	45	and	and	CCONJ
ajfa-3759	131	46	electrical	electrical	ADJ
ajfa-3759	131	47	companies	company	NOUN
ajfa-3759	131	48	in	in	ADP
ajfa-3759	131	49	our	our	PRON
ajfa-3759	131	50	previous	previous	ADJ
ajfa-3759	131	51	research	research	NOUN
ajfa-3759	131	52	(	(	PUNCT
ajfa-3759	131	53	see	see	VERB
ajfa-3759	131	54	exhibit	exhibit	NOUN
ajfa-3759	131	55	4	4	NUM
ajfa-3759	131	56	and	and	CCONJ
ajfa-3759	131	57	5	5	NUM
ajfa-3759	131	58	)	)	PUNCT
ajfa-3759	131	59	,	,	PUNCT
ajfa-3759	131	60	we	we	PRON
ajfa-3759	131	61	might	might	AUX
ajfa-3759	131	62	see	see	VERB
ajfa-3759	131	63	that	that	SCONJ
ajfa-3759	131	64	in	in	ADV
ajfa-3759	131	65	here	here	ADV
ajfa-3759	131	66	,	,	PUNCT
ajfa-3759	131	67	the	the	DET
ajfa-3759	131	68	asset	asset	NOUN
ajfa-3759	131	69	beta	beta	NOUN
ajfa-3759	131	70	mean	mean	NOUN
ajfa-3759	131	71	can	can	AUX
ajfa-3759	131	72	be	be	AUX
ajfa-3759	131	73	a	a	DET
ajfa-3759	131	74	little	little	ADJ
ajfa-3759	131	75	bit	bit	NOUN
ajfa-3759	131	76	lower	low	ADJ
ajfa-3759	131	77	while	while	SCONJ
ajfa-3759	131	78	the	the	DET
ajfa-3759	131	79	impacts	impact	NOUN
ajfa-3759	131	80	from	from	ADP
ajfa-3759	131	81	the	the	DET
ajfa-3759	131	82	crisis	crisis	NOUN
ajfa-3759	131	83	happens	happen	VERB
ajfa-3759	131	84	on	on	ADP
ajfa-3759	131	85	the	the	DET
ajfa-3759	131	86	overall	overall	ADJ
ajfa-3759	131	87	market	market	NOUN
ajfa-3759	131	88	.	.	PUNCT
ajfa-3759	132	1	so	so	ADV
ajfa-3759	132	2	,	,	PUNCT
ajfa-3759	132	3	the	the	DET
ajfa-3759	132	4	leverage	leverage	NOUN
ajfa-3759	132	5	becomes	become	VERB
ajfa-3759	132	6	more	more	ADV
ajfa-3759	132	7	meaningful	meaningful	ADJ
ajfa-3759	132	8	and	and	CCONJ
ajfa-3759	132	9	the	the	DET
ajfa-3759	132	10	crisis	crisis	NOUN
ajfa-3759	132	11	might	might	AUX
ajfa-3759	132	12	have	have	VERB
ajfa-3759	132	13	less	less	ADJ
ajfa-3759	132	14	influence	influence	NOUN
ajfa-3759	132	15	on	on	ADP
ajfa-3759	132	16	the	the	DET
ajfa-3759	132	17	firms	firm	NOUN
ajfa-3759	132	18	in	in	ADP
ajfa-3759	132	19	the	the	DET
ajfa-3759	132	20	above	above	ADJ
ajfa-3759	132	21	research	research	NOUN
ajfa-3759	132	22	.	.	PUNCT
ajfa-3759	133	1	finally	finally	ADV
ajfa-3759	133	2	,	,	PUNCT
ajfa-3759	133	3	this	this	DET
ajfa-3759	133	4	paper	paper	NOUN
ajfa-3759	133	5	suggests	suggest	VERB
ajfa-3759	133	6	implications	implication	NOUN
ajfa-3759	133	7	for	for	ADP
ajfa-3759	133	8	further	further	ADJ
ajfa-3759	133	9	research	research	NOUN
ajfa-3759	133	10	and	and	CCONJ
ajfa-3759	133	11	policy	policy	NOUN
ajfa-3759	133	12	suggestion	suggestion	NOUN
ajfa-3759	133	13	for	for	ADP
ajfa-3759	133	14	the	the	DET
ajfa-3759	133	15	viet	viet	PROPN
ajfa-3759	133	16	nam	nam	NOUN
ajfa-3759	133	17	government	government	NOUN
ajfa-3759	133	18	and	and	CCONJ
ajfa-3759	133	19	relevant	relevant	ADJ
ajfa-3759	133	20	organizations	organization	NOUN
ajfa-3759	133	21	,	,	PUNCT
ajfa-3759	133	22	economists	economist	NOUN
ajfa-3759	133	23	and	and	CCONJ
ajfa-3759	133	24	investors	investor	NOUN
ajfa-3759	133	25	from	from	ADP
ajfa-3759	133	26	current	current	ADJ
ajfa-3759	133	27	market	market	NOUN
ajfa-3759	133	28	conditions	condition	NOUN
ajfa-3759	133	29	.	.	PUNCT
ajfa-3759	134	1	references	reference	NOUN
ajfa-3759	134	2	adb	adb	PROPN
ajfa-3759	134	3	and	and	CCONJ
ajfa-3759	134	4	viet	viet	PROPN
ajfa-3759	134	5	nam	nam	PROPN
ajfa-3759	134	6	fact	fact	PROPN
ajfa-3759	134	7	sheet	sheet	NOUN
ajfa-3759	134	8	,	,	PUNCT
ajfa-3759	134	9	2010	2010	NUM
ajfa-3759	134	10	ang	ang	NOUN
ajfa-3759	134	11	,	,	PUNCT
ajfa-3759	134	12	a.	a.	PROPN
ajfa-3759	134	13	,	,	PUNCT
ajfa-3759	134	14	&	&	CCONJ
ajfa-3759	134	15	chen	chen	PROPN
ajfa-3759	134	16	,	,	PUNCT
ajfa-3759	134	17	j.	j.	PROPN
ajfa-3759	134	18	(	(	PUNCT
ajfa-3759	134	19	2007	2007	NUM
ajfa-3759	134	20	)	)	PUNCT
ajfa-3759	134	21	.	.	PUNCT
ajfa-3759	135	1	capm	capm	NOUN
ajfa-3759	135	2	over	over	ADP
ajfa-3759	135	3	the	the	DET
ajfa-3759	135	4	long	long	ADJ
ajfa-3759	135	5	run	run	NOUN
ajfa-3759	135	6	:	:	PUNCT
ajfa-3759	135	7	1926	1926	NUM
ajfa-3759	135	8	-	-	SYM
ajfa-3759	135	9	2001	2001	NUM
ajfa-3759	135	10	.	.	PUNCT
ajfa-3759	136	1	journal	journal	NOUN
ajfa-3759	136	2	of	of	ADP
ajfa-3759	136	3	empirical	empirical	ADJ
ajfa-3759	136	4	finance	finance	NOUN
ajfa-3759	136	5	.	.	PUNCT
ajfa-3759	137	1	baker	baker	PROPN
ajfa-3759	137	2	,	,	PUNCT
ajfa-3759	137	3	kent	kent	PROPN
ajfa-3759	137	4	h.	h.	PROPN
ajfa-3759	137	5	,	,	PUNCT
ajfa-3759	137	6	singleton	singleton	PROPN
ajfa-3759	137	7	,	,	PUNCT
ajfa-3759	137	8	clay	clay	NOUN
ajfa-3759	137	9	j.	j.	PROPN
ajfa-3759	137	10	,	,	PUNCT
ajfa-3759	137	11	&	&	CCONJ
ajfa-3759	137	12	veit	veit	PROPN
ajfa-3759	137	13	,	,	PUNCT
ajfa-3759	137	14	theodore	theodore	PROPN
ajfa-3759	137	15	e.	e.	PROPN
ajfa-3759	137	16	(	(	PUNCT
ajfa-3759	137	17	2011	2011	NUM
ajfa-3759	137	18	)	)	PUNCT
ajfa-3759	137	19	.	.	PUNCT
ajfa-3759	138	1	survey	survey	NOUN
ajfa-3759	138	2	research	research	NOUN
ajfa-3759	138	3	in	in	ADP
ajfa-3759	138	4	corporate	corporate	ADJ
ajfa-3759	138	5	finance	finance	NOUN
ajfa-3759	138	6	:	:	PUNCT
ajfa-3759	138	7	bridging	bridge	VERB
ajfa-3759	138	8	the	the	DET
ajfa-3759	138	9	gap	gap	NOUN
ajfa-3759	138	10	between	between	ADP
ajfa-3759	138	11	theory	theory	NOUN
ajfa-3759	138	12	and	and	CCONJ
ajfa-3759	138	13	practice	practice	NOUN
ajfa-3759	138	14	,	,	PUNCT
ajfa-3759	138	15	oxford	oxford	PROPN
ajfa-3759	138	16	university	university	PROPN
ajfa-3759	138	17	press	press	NOUN
ajfa-3759	138	18	.	.	PUNCT
ajfa-3759	139	1	bessembinder	bessembinder	PROPN
ajfa-3759	139	2	,	,	PUNCT
ajfa-3759	139	3	hendrik	hendrik	PROPN
ajfa-3759	139	4	,	,	PUNCT
ajfa-3759	139	5	&	&	CCONJ
ajfa-3759	139	6	zhang	zhang	PROPN
ajfa-3759	139	7	,	,	PUNCT
ajfa-3759	139	8	feng	feng	PROPN
ajfa-3759	139	9	.	.	PUNCT
ajfa-3759	140	1	(	(	PUNCT
ajfa-3759	140	2	2010	2010	NUM
ajfa-3759	140	3	)	)	PUNCT
ajfa-3759	140	4	.	.	PUNCT
ajfa-3759	141	1	firm	firm	ADJ
ajfa-3759	141	2	characteristics	characteristic	NOUN
ajfa-3759	141	3	and	and	CCONJ
ajfa-3759	141	4	long	long	ADJ
ajfa-3759	141	5	run	run	NOUN
ajfa-3759	141	6	stock	stock	NOUN
ajfa-3759	141	7	returns	return	NOUN
ajfa-3759	141	8	after	after	ADP
ajfa-3759	141	9	corporate	corporate	ADJ
ajfa-3759	141	10	events	event	NOUN
ajfa-3759	141	11	.	.	PUNCT
ajfa-3759	142	1	journal	journal	NOUN
ajfa-3759	142	2	of	of	ADP
ajfa-3759	142	3	financial	financial	ADJ
ajfa-3759	142	4	economics	economic	NOUN
ajfa-3759	142	5	.	.	PUNCT
ajfa-3759	143	1	eugene	eugene	PROPN
ajfa-3759	143	2	,	,	PUNCT
ajfa-3759	143	3	fama	fama	PROPN
ajfa-3759	143	4	f.	f.	PROPN
ajfa-3759	143	5	,	,	PUNCT
ajfa-3759	143	6	&	&	CCONJ
ajfa-3759	143	7	french	french	PROPN
ajfa-3759	143	8	,	,	PUNCT
ajfa-3759	143	9	kenneth	kenneth	PROPN
ajfa-3759	143	10	r.	r.	PROPN
ajfa-3759	143	11	(	(	PUNCT
ajfa-3759	143	12	2004	2004	NUM
ajfa-3759	143	13	)	)	PUNCT
ajfa-3759	143	14	.	.	PUNCT
ajfa-3759	144	1	the	the	DET
ajfa-3759	144	2	capital	capital	NOUN
ajfa-3759	144	3	asset	asset	NOUN
ajfa-3759	144	4	pricing	pricing	NOUN
ajfa-3759	144	5	model	model	NOUN
ajfa-3759	144	6	:	:	PUNCT
ajfa-3759	144	7	theory	theory	NOUN
ajfa-3759	144	8	and	and	CCONJ
ajfa-3759	144	9	evidence	evidence	NOUN
ajfa-3759	144	10	,	,	PUNCT
ajfa-3759	144	11	journal	journal	NOUN
ajfa-3759	144	12	of	of	ADP
ajfa-3759	144	13	economic	economic	ADJ
ajfa-3759	144	14	perspectives	perspective	NOUN
ajfa-3759	144	15	.	.	PUNCT
ajfa-3759	145	1	fernandez	fernandez	PROPN
ajfa-3759	145	2	,	,	PUNCT
ajfa-3759	145	3	pablo	pablo	PROPN
ajfa-3759	145	4	.	.	PUNCT
ajfa-3759	145	5	(	(	PUNCT
ajfa-3759	145	6	2008	2008	NUM
ajfa-3759	145	7	)	)	PUNCT
ajfa-3759	145	8	.	.	PUNCT
ajfa-3759	146	1	levered	lever	VERB
ajfa-3759	146	2	and	and	CCONJ
ajfa-3759	146	3	unlevered	unlevered	ADJ
ajfa-3759	146	4	beta	beta	NOUN
ajfa-3759	146	5	,	,	PUNCT
ajfa-3759	146	6	ssrn	ssrn	PROPN
ajfa-3759	146	7	working	work	VERB
ajfa-3759	146	8	paper	paper	NOUN
ajfa-3759	146	9	series	series	NOUN
ajfa-3759	146	10	.	.	PUNCT
ajfa-3759	147	1	http://www.hsx.vn/hsx/	http://www.hsx.vn/hsx/	NOUN
ajfa-3759	147	2	http://www.ifc.org/ifcext/mekongpsdf.nsf/content/psdp22	http://www.ifc.org/ifcext/mekongpsdf.nsf/content/psdp22	ADP
ajfa-3759	147	3	http://www.mofa.gov.vn/vi/	http://www.mofa.gov.vn/vi/	PROPN
ajfa-3759	147	4	huy	huy	PROPN
ajfa-3759	147	5	,	,	PUNCT
ajfa-3759	147	6	dinh	dinh	PROPN
ajfa-3759	147	7	t.n	t.n	PROPN
ajfa-3759	147	8	.	.	PROPN
ajfa-3759	147	9	(	(	PUNCT
ajfa-3759	147	10	2012	2012	NUM
ajfa-3759	147	11	)	)	PUNCT
ajfa-3759	147	12	.	.	PUNCT
ajfa-3759	148	1	estimating	estimate	VERB
ajfa-3759	148	2	beta	beta	NOUN
ajfa-3759	148	3	of	of	ADP
ajfa-3759	148	4	viet	viet	PROPN
ajfa-3759	148	5	nam	nam	PROPN
ajfa-3759	148	6	listed	list	VERB
ajfa-3759	148	7	construction	construction	NOUN
ajfa-3759	148	8	companies	company	NOUN
ajfa-3759	148	9	groups	group	NOUN
ajfa-3759	148	10	during	during	ADP
ajfa-3759	148	11	the	the	DET
ajfa-3759	148	12	crisis	crisis	NOUN
ajfa-3759	148	13	.	.	PUNCT
ajfa-3759	149	1	journal	journal	NOUN
ajfa-3759	149	2	of	of	ADP
ajfa-3759	149	3	integration	integration	NOUN
ajfa-3759	149	4	and	and	CCONJ
ajfa-3759	149	5	development	development	PROPN
ajfa-3759	149	6	kashyap	kashyap	PROPN
ajfa-3759	149	7	,	,	PUNCT
ajfa-3759	149	8	anil	anil	PROPN
ajfa-3759	149	9	k.	k.	PROPN
ajfa-3759	149	10	,	,	PUNCT
ajfa-3759	149	11	&	&	CCONJ
ajfa-3759	149	12	zingales	zingales	PROPN
ajfa-3759	149	13	,	,	PUNCT
ajfa-3759	149	14	luigi	luigi	PROPN
ajfa-3759	149	15	.	.	PUNCT
ajfa-3759	150	1	(	(	PUNCT
ajfa-3759	150	2	2010	2010	NUM
ajfa-3759	150	3	)	)	PUNCT
ajfa-3759	150	4	.	.	PUNCT
ajfa-3759	151	1	the	the	DET
ajfa-3759	151	2	2007	2007	NUM
ajfa-3759	151	3	-	-	SYM
ajfa-3759	151	4	8	8	NUM
ajfa-3759	151	5	financial	financial	ADJ
ajfa-3759	151	6	crisis	crisis	NOUN
ajfa-3759	151	7	:	:	PUNCT
ajfa-3759	151	8	lessons	lesson	NOUN
ajfa-3759	151	9	from	from	ADP
ajfa-3759	151	10	corporate	corporate	ADJ
ajfa-3759	151	11	finance	finance	NOUN
ajfa-3759	151	12	.	.	PUNCT
ajfa-3759	152	1	journal	journal	NOUN
ajfa-3759	152	2	of	of	ADP
ajfa-3759	152	3	financial	financial	ADJ
ajfa-3759	152	4	economics	economic	NOUN
ajfa-3759	152	5	.	.	PUNCT
ajfa-3759	153	1	pereiro	pereiro	PROPN
ajfa-3759	153	2	,	,	PUNCT
ajfa-3759	153	3	luis	luis	PROPN
ajfa-3759	153	4	e.	e.	PROPN
ajfa-3759	153	5	(	(	PUNCT
ajfa-3759	153	6	2010	2010	NUM
ajfa-3759	153	7	)	)	PUNCT
ajfa-3759	153	8	.	.	PUNCT
ajfa-3759	154	1	the	the	DET
ajfa-3759	154	2	beta	beta	ADJ
ajfa-3759	154	3	dilemma	dilemma	NOUN
ajfa-3759	154	4	in	in	ADP
ajfa-3759	154	5	emerging	emerge	VERB
ajfa-3759	154	6	markets	market	NOUN
ajfa-3759	154	7	.	.	PUNCT
ajfa-3759	155	1	journal	journal	NOUN
ajfa-3759	155	2	of	of	ADP
ajfa-3759	155	3	applied	apply	VERB
ajfa-3759	155	4	corporate	corporate	ADJ
ajfa-3759	155	5	finance	finance	NOUN
ajfa-3759	155	6	.	.	PUNCT
ajfa-3759	156	1	asian	asian	ADJ
ajfa-3759	156	2	journal	journal	PROPN
ajfa-3759	156	3	of	of	ADP
ajfa-3759	156	4	finance	finance	PROPN
ajfa-3759	156	5	&	&	CCONJ
ajfa-3759	156	6	accounting	accounting	PROPN
ajfa-3759	156	7	issn	issn	PROPN
ajfa-3759	156	8	1946	1946	NUM
ajfa-3759	156	9	-	-	PUNCT
ajfa-3759	156	10	052x	052x	NOUN
ajfa-3759	156	11	2013	2013	NUM
ajfa-3759	156	12	,	,	PUNCT
ajfa-3759	156	13	vol	vol	NOUN
ajfa-3759	156	14	.	.	PROPN
ajfa-3759	156	15	5	5	NUM
ajfa-3759	156	16	,	,	PUNCT
ajfa-3759	156	17	no	no	INTJ
ajfa-3759	156	18	.	.	NOUN
ajfa-3759	156	19	2	2	NUM
ajfa-3759	156	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3759	156	21	215	215	NUM
ajfa-3759	156	22	exhibit	exhibit	NOUN
ajfa-3759	156	23	exhibit	exhibit	NOUN
ajfa-3759	156	24	1	1	NUM
ajfa-3759	156	25	.	.	PUNCT
ajfa-3759	157	1	interest	interest	NOUN
ajfa-3759	157	2	rates	rate	NOUN
ajfa-3759	157	3	,	,	PUNCT
ajfa-3759	157	4	inflation	inflation	NOUN
ajfa-3759	157	5	,	,	PUNCT
ajfa-3759	157	6	gdp	gdp	NOUN
ajfa-3759	157	7	growth	growth	NOUN
ajfa-3759	157	8	and	and	CCONJ
ajfa-3759	157	9	macroeconomics	macroeconomic	NOUN
ajfa-3759	157	10	factors	factor	NOUN
ajfa-3759	157	11	(	(	PUNCT
ajfa-3759	157	12	source	source	NOUN
ajfa-3759	157	13	:	:	PUNCT
ajfa-3759	157	14	viet	viet	PROPN
ajfa-3759	157	15	nam	nam	NOUN
ajfa-3759	157	16	commercial	commercial	ADJ
ajfa-3759	157	17	banks	bank	NOUN
ajfa-3759	157	18	and	and	CCONJ
ajfa-3759	157	19	economic	economic	ADJ
ajfa-3759	157	20	statistical	statistical	ADJ
ajfa-3759	157	21	bureau	bureau	NOUN
ajfa-3759	157	22	)	)	PUNCT
ajfa-3759	157	23	year	year	NOUN
ajfa-3759	157	24	basic	basic	ADJ
ajfa-3759	157	25	rates	rate	NOUN
ajfa-3759	157	26	lending	lending	NOUN
ajfa-3759	157	27	rates	rate	NOUN
ajfa-3759	157	28	deposit	deposit	NOUN
ajfa-3759	157	29	rates	rate	NOUN
ajfa-3759	157	30	inflation	inflation	NOUN
ajfa-3759	157	31	gdp	gdp	NOUN
ajfa-3759	157	32	usd	usd	PROPN
ajfa-3759	157	33	/	/	SYM
ajfa-3759	157	34	vnd	vnd	PROPN
ajfa-3759	157	35	rate	rate	NOUN
ajfa-3759	157	36	2012	2012	NUM
ajfa-3759	157	37	n	n	CCONJ
ajfa-3759	157	38	/	/	SYM
ajfa-3759	157	39	a	a	DET
ajfa-3759	157	40	12	12	NUM
ajfa-3759	157	41	%	%	NOUN
ajfa-3759	157	42	15	15	NUM
ajfa-3759	157	43	%	%	NOUN
ajfa-3759	157	44	9	9	NUM
ajfa-3759	157	45	%	%	NOUN
ajfa-3759	157	46	6,81	6,81	NUM
ajfa-3759	157	47	%	%	NOUN
ajfa-3759	157	48	5,03	5,03	NUM
ajfa-3759	157	49	%	%	NOUN
ajfa-3759	157	50	20.828	20.828	NUM
ajfa-3759	157	51	2011	2011	NUM
ajfa-3759	157	52	9	9	NUM
ajfa-3759	157	53	%	%	NOUN
ajfa-3759	157	54	18%-22	18%-22	NUM
ajfa-3759	157	55	%	%	NOUN
ajfa-3759	157	56	13%-14	13%-14	NUM
ajfa-3759	157	57	%	%	NOUN
ajfa-3759	157	58	18	18	NUM
ajfa-3759	157	59	%	%	NOUN
ajfa-3759	157	60	5,89	5,89	NUM
ajfa-3759	157	61	%	%	NOUN
ajfa-3759	157	62	20.670	20.670	NUM
ajfa-3759	157	63	2010	2010	NUM
ajfa-3759	157	64	8%-9	8%-9	NUM
ajfa-3759	157	65	%	%	NOUN
ajfa-3759	157	66	19%-20	19%-20	NUM
ajfa-3759	157	67	%	%	NOUN
ajfa-3759	157	68	13%-14	13%-14	NUM
ajfa-3759	157	69	%	%	NOUN
ajfa-3759	157	70	11,75	11,75	NUM
ajfa-3759	157	71	%	%	NOUN
ajfa-3759	157	72	(	(	PUNCT
ajfa-3759	157	73	estimated	estimate	VERB
ajfa-3759	157	74	at	at	ADP
ajfa-3759	157	75	dec	dec	PROPN
ajfa-3759	157	76	2010	2010	NUM
ajfa-3759	157	77	)	)	PUNCT
ajfa-3759	157	78	6,5	6,5	NUM
ajfa-3759	157	79	%	%	NOUN
ajfa-3759	157	80	(	(	PUNCT
ajfa-3759	157	81	expected	expect	VERB
ajfa-3759	157	82	)	)	PUNCT
ajfa-3759	157	83	19.495	19.495	NUM
ajfa-3759	157	84	2009	2009	NUM
ajfa-3759	157	85	7	7	NUM
ajfa-3759	157	86	%	%	NOUN
ajfa-3759	157	87	9%-12	9%-12	NUM
ajfa-3759	157	88	%	%	NOUN
ajfa-3759	157	89	9%-10	9%-10	NUM
ajfa-3759	157	90	%	%	NOUN
ajfa-3759	157	91	6,88	6,88	NUM
ajfa-3759	157	92	%	%	NOUN
ajfa-3759	157	93	5,2	5,2	NUM
ajfa-3759	157	94	%	%	NOUN
ajfa-3759	157	95	17.000	17.000	NUM
ajfa-3759	157	96	2008	2008	NUM
ajfa-3759	157	97	8,75%-14	8,75%-14	NUM
ajfa-3759	157	98	%	%	NOUN
ajfa-3759	157	99	19%-21	19%-21	NUM
ajfa-3759	157	100	%	%	NOUN
ajfa-3759	157	101	15%-16,5	15%-16,5	NUM
ajfa-3759	157	102	%	%	NOUN
ajfa-3759	157	103	22	22	NUM
ajfa-3759	157	104	%	%	NOUN
ajfa-3759	157	105	6,23	6,23	NUM
ajfa-3759	157	106	%	%	NOUN
ajfa-3759	157	107	17.700	17.700	NUM
ajfa-3759	157	108	2007	2007	NUM
ajfa-3759	157	109	8,25	8,25	NUM
ajfa-3759	157	110	%	%	NOUN
ajfa-3759	157	111	12%-15	12%-15	NUM
ajfa-3759	157	112	%	%	NOUN
ajfa-3759	157	113	9%-11	9%-11	NUM
ajfa-3759	157	114	%	%	NOUN
ajfa-3759	157	115	12,63	12,63	NUM
ajfa-3759	157	116	%	%	NOUN
ajfa-3759	157	117	8,44	8,44	NOUN
ajfa-3759	157	118	%	%	NOUN
ajfa-3759	157	119	16.132	16.132	NUM
ajfa-3759	157	120	2006	2006	NUM
ajfa-3759	157	121	8,25	8,25	NUM
ajfa-3759	157	122	%	%	NOUN
ajfa-3759	157	123	6,6	6,6	NUM
ajfa-3759	157	124	%	%	NOUN
ajfa-3759	157	125	8,17	8,17	NUM
ajfa-3759	157	126	%	%	NOUN
ajfa-3759	157	127	2005	2005	NUM
ajfa-3759	157	128	7,8	7,8	NUM
ajfa-3759	157	129	%	%	NOUN
ajfa-3759	157	130	8,4	8,4	NUM
ajfa-3759	157	131	%	%	NOUN
ajfa-3759	157	132	note	note	NOUN
ajfa-3759	157	133	approximately	approximately	ADV
ajfa-3759	157	134	(	(	PUNCT
ajfa-3759	157	135	2007	2007	NUM
ajfa-3759	157	136	:	:	PUNCT
ajfa-3759	157	137	required	require	VERB
ajfa-3759	157	138	reserves	reserve	NOUN
ajfa-3759	157	139	ratio	ratio	NOUN
ajfa-3759	157	140	at	at	ADP
ajfa-3759	157	141	sbv	sbv	PROPN
ajfa-3759	157	142	is	be	AUX
ajfa-3759	157	143	changed	change	VERB
ajfa-3759	157	144	from	from	ADP
ajfa-3759	157	145	5	5	NUM
ajfa-3759	157	146	%	%	NOUN
ajfa-3759	157	147	to	to	PART
ajfa-3759	157	148	10	10	NUM
ajfa-3759	157	149	%	%	NOUN
ajfa-3759	157	150	)	)	PUNCT
ajfa-3759	158	1	(	(	PUNCT
ajfa-3759	158	2	2009	2009	NUM
ajfa-3759	158	3	:	:	PUNCT
ajfa-3759	158	4	special	special	ADJ
ajfa-3759	158	5	supporting	support	VERB
ajfa-3759	158	6	interest	interest	NOUN
ajfa-3759	158	7	rate	rate	NOUN
ajfa-3759	158	8	is	be	AUX
ajfa-3759	158	9	4	4	NUM
ajfa-3759	158	10	%	%	NOUN
ajfa-3759	158	11	)	)	PUNCT
ajfa-3759	158	12	exhibit	exhibit	NOUN
ajfa-3759	158	13	2	2	NUM
ajfa-3759	158	14	.	.	PUNCT
ajfa-3759	158	15	estimating	estimate	VERB
ajfa-3759	158	16	beta	beta	ADJ
ajfa-3759	158	17	results	result	NOUN
ajfa-3759	158	18	for	for	ADP
ajfa-3759	158	19	viet	viet	PROPN
ajfa-3759	158	20	nam	nam	PROPN
ajfa-3759	158	21	listed	list	VERB
ajfa-3759	158	22	consumer	consumer	NOUN
ajfa-3759	158	23	good	good	ADJ
ajfa-3759	158	24	companies	company	NOUN
ajfa-3759	158	25	(	(	PUNCT
ajfa-3759	158	26	as	as	ADP
ajfa-3759	158	27	of	of	ADP
ajfa-3759	158	28	dec	dec	PROPN
ajfa-3759	158	29	2012	2012	NUM
ajfa-3759	158	30	)	)	PUNCT
ajfa-3759	159	1	(	(	PUNCT
ajfa-3759	159	2	source	source	NOUN
ajfa-3759	159	3	:	:	PUNCT
ajfa-3759	159	4	viet	viet	PROPN
ajfa-3759	159	5	nam	nam	PROPN
ajfa-3759	159	6	stock	stock	PROPN
ajfa-3759	159	7	exchange	exchange	PROPN
ajfa-3759	159	8	data	datum	NOUN
ajfa-3759	159	9	)	)	PUNCT
ajfa-3759	159	10	order	order	NOUN
ajfa-3759	159	11	no	no	NOUN
ajfa-3759	159	12	.	.	PUNCT
ajfa-3759	160	1	company	company	NOUN
ajfa-3759	160	2	stock	stock	PROPN
ajfa-3759	160	3	code	code	PROPN
ajfa-3759	160	4	equity	equity	PROPN
ajfa-3759	160	5	beta	beta	PROPN
ajfa-3759	160	6	asset	asset	NOUN
ajfa-3759	160	7	beta	beta	NOUN
ajfa-3759	160	8	(	(	PUNCT
ajfa-3759	160	9	assume	assume	VERB
ajfa-3759	160	10	debt	debt	NOUN
ajfa-3759	160	11	beta	beta	NOUN
ajfa-3759	160	12	=	=	SYM
ajfa-3759	160	13	0	0	X
ajfa-3759	160	14	)	)	PUNCT
ajfa-3759	160	15	note	note	NOUN
ajfa-3759	160	16	1	1	NUM
ajfa-3759	160	17	aam	aam	NOUN
ajfa-3759	160	18	0,650	0,650	NUM
ajfa-3759	160	19	0,569	0,569	NUM
ajfa-3759	160	20	2	2	NUM
ajfa-3759	160	21	abt	abt	ADV
ajfa-3759	160	22	0,852	0,852	NUM
ajfa-3759	160	23	0,660	0,660	NUM
ajfa-3759	160	24	3	3	NUM
ajfa-3759	160	25	acl	acl	PROPN
ajfa-3759	160	26	1,115	1,115	NUM
ajfa-3759	160	27	0,383	0,383	NUM
ajfa-3759	160	28	4	4	NUM
ajfa-3759	160	29	agc	agc	PROPN
ajfa-3759	160	30	1,020	1,020	NUM
ajfa-3759	160	31	0,051	0,051	NUM
ajfa-3759	160	32	5	5	NUM
ajfa-3759	160	33	agd	agd	PROPN
ajfa-3759	160	34	0,545	0,545	NUM
ajfa-3759	160	35	0,201	0,201	NUM
ajfa-3759	160	36	6	6	NUM
ajfa-3759	160	37	agf	agf	NOUN
ajfa-3759	160	38	0,881	0,881	NUM
ajfa-3759	160	39	0,365	0,365	NUM
ajfa-3759	160	40	7	7	NUM
ajfa-3759	160	41	agm	agm	PROPN
ajfa-3759	160	42	0,444	0,444	NUM
ajfa-3759	160	43	0,148	0,148	NUM
ajfa-3759	160	44	acl	acl	PROPN
ajfa-3759	160	45	as	as	ADP
ajfa-3759	160	46	comparable	comparable	ADJ
ajfa-3759	160	47	8	8	NUM
ajfa-3759	160	48	anv	anv	NOUN
ajfa-3759	160	49	1,108	1,108	NUM
ajfa-3759	160	50	0,809	0,809	NUM
ajfa-3759	160	51	9	9	NUM
ajfa-3759	160	52	asa	asa	PROPN
ajfa-3759	160	53	0,637	0,637	NUM
ajfa-3759	160	54	0,369	0,369	NUM
ajfa-3759	160	55	nps	nps	PROPN
ajfa-3759	160	56	as	as	ADV
ajfa-3759	160	57	comparable	comparable	ADJ
ajfa-3759	160	58	10	10	NUM
ajfa-3759	160	59	asm	asm	NOUN
ajfa-3759	160	60	0,856	0,856	NUM
ajfa-3759	160	61	0,348	0,348	NUM
ajfa-3759	160	62	11	11	NUM
ajfa-3759	160	63	ata	ata	NOUN
ajfa-3759	160	64	1,573	1,573	NUM
ajfa-3759	160	65	0,341	0,341	NUM
ajfa-3759	160	66	12	12	NUM
ajfa-3759	160	67	avf	avf	NOUN
ajfa-3759	160	68	0,255	0,255	NUM
ajfa-3759	160	69	0,060	0,060	NUM
ajfa-3759	160	70	agf	agf	PROPN
ajfa-3759	160	71	as	as	ADP
ajfa-3759	160	72	comparable	comparable	ADJ
ajfa-3759	160	73	13	13	NUM
ajfa-3759	160	74	bas	bas	PROPN
ajfa-3759	160	75	1,200	1,200	NUM
ajfa-3759	160	76	0,545	0,545	NUM
ajfa-3759	160	77	14	14	NUM
ajfa-3759	160	78	bbc	bbc	NOUN
ajfa-3759	160	79	1,236	1,236	NUM
ajfa-3759	160	80	0,895	0,895	NUM
ajfa-3759	160	81	acl	acl	PROPN
ajfa-3759	160	82	as	as	ADP
ajfa-3759	160	83	comparable	comparable	ADJ
ajfa-3759	160	84	15	15	NUM
ajfa-3759	160	85	bhs	bhs	PROPN
ajfa-3759	160	86	0,957	0,957	NUM
ajfa-3759	160	87	0,435	0,435	NUM
ajfa-3759	160	88	16	16	NUM
ajfa-3759	160	89	blf	blf	PROPN
ajfa-3759	160	90	0,903	0,903	NUM
ajfa-3759	160	91	0,177	0,177	NUM
ajfa-3759	160	92	asian	asian	ADJ
ajfa-3759	160	93	journal	journal	NOUN
ajfa-3759	160	94	of	of	ADP
ajfa-3759	160	95	finance	finance	PROPN
ajfa-3759	160	96	&	&	CCONJ
ajfa-3759	160	97	accounting	accounting	PROPN
ajfa-3759	160	98	issn	issn	PROPN
ajfa-3759	160	99	1946	1946	NUM
ajfa-3759	160	100	-	-	PUNCT
ajfa-3759	160	101	052x	052x	NOUN
ajfa-3759	160	102	2013	2013	NUM
ajfa-3759	160	103	,	,	PUNCT
ajfa-3759	160	104	vol	vol	NOUN
ajfa-3759	160	105	.	.	PROPN
ajfa-3759	160	106	5	5	NUM
ajfa-3759	160	107	,	,	PUNCT
ajfa-3759	160	108	no	no	INTJ
ajfa-3759	160	109	.	.	NOUN
ajfa-3759	160	110	2	2	NUM
ajfa-3759	160	111	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3759	160	112	216	216	NUM
ajfa-3759	160	113	17	17	NUM
ajfa-3759	160	114	cad	cad	NOUN
ajfa-3759	160	115	1,384	1,384	NUM
ajfa-3759	160	116	-0,023	-0,023	NOUN
ajfa-3759	160	117	18	18	NUM
ajfa-3759	160	118	can	can	AUX
ajfa-3759	160	119	0,505	0,505	NUM
ajfa-3759	160	120	0,234	0,234	NUM
ajfa-3759	160	121	19	19	NUM
ajfa-3759	160	122	cfc	cfc	PROPN
ajfa-3759	160	123	-0,150	-0,150	PROPN
ajfa-3759	160	124	-0,085	-0,085	PROPN
ajfa-3759	160	125	20	20	NUM
ajfa-3759	160	126	clc	clc	PROPN
ajfa-3759	160	127	0,579	0,579	NUM
ajfa-3759	160	128	0,202	0,202	NUM
ajfa-3759	160	129	21	21	NUM
ajfa-3759	160	130	clp	clp	NOUN
ajfa-3759	160	131	0,223	0,223	NUM
ajfa-3759	160	132	0,071	0,071	NUM
ajfa-3759	160	133	clc	clc	PROPN
ajfa-3759	160	134	as	as	ADP
ajfa-3759	160	135	comparable	comparable	ADJ
ajfa-3759	160	136	22	22	NUM
ajfa-3759	160	137	cmc	cmc	NOUN
ajfa-3759	160	138	1,530	1,530	NUM
ajfa-3759	160	139	1,151	1,151	NUM
ajfa-3759	160	140	23	23	NUM
ajfa-3759	160	141	cmx	cmx	NOUN
ajfa-3759	160	142	0,091	0,091	NUM
ajfa-3759	160	143	0,015	0,015	NUM
ajfa-3759	160	144	agm	agm	PROPN
ajfa-3759	160	145	as	as	ADV
ajfa-3759	160	146	comparable	comparable	ADJ
ajfa-3759	160	147	24	24	NUM
ajfa-3759	160	148	csm	csm	VERB
ajfa-3759	160	149	1,803	1,803	NUM
ajfa-3759	160	150	0,553	0,553	NUM
ajfa-3759	160	151	25	25	NUM
ajfa-3759	160	152	dbc	dbc	NOUN
ajfa-3759	160	153	0,994	0,994	NUM
ajfa-3759	160	154	0,371	0,371	NUM
ajfa-3759	160	155	26	26	NUM
ajfa-3759	160	156	dbf	dbf	PROPN
ajfa-3759	160	157	0,147	0,147	NUM
ajfa-3759	160	158	0,076	0,076	NUM
ajfa-3759	160	159	clp	clp	NOUN
ajfa-3759	160	160	as	as	ADP
ajfa-3759	160	161	comparable	comparable	ADJ
ajfa-3759	160	162	,	,	PUNCT
ajfa-3759	160	163	f.s	f.s	PROPN
ajfa-3759	160	164	2010	2010	NUM
ajfa-3759	160	165	27	27	NUM
ajfa-3759	160	166	dcs	dcs	PROPN
ajfa-3759	161	1	1,492	1,492	NUM
ajfa-3759	161	2	1,018	1,018	NUM
ajfa-3759	161	3	28	28	NUM
ajfa-3759	161	4	dnf	dnf	PROPN
ajfa-3759	161	5	0,441	0,441	NUM
ajfa-3759	161	6	0,105	0,105	NUM
ajfa-3759	161	7	dcs	dcs	PROPN
ajfa-3759	161	8	as	as	ADP
ajfa-3759	161	9	comparable	comparable	ADJ
ajfa-3759	161	10	29	29	NUM
ajfa-3759	161	11	dqc	dqc	NOUN
ajfa-3759	161	12	1,089	1,089	NUM
ajfa-3759	161	13	0,479	0,479	NUM
ajfa-3759	161	14	30	30	NUM
ajfa-3759	161	15	drc	drc	PROPN
ajfa-3759	161	16	1,823	1,823	NUM
ajfa-3759	161	17	1,093	1,093	NUM
ajfa-3759	161	18	31	31	NUM
ajfa-3759	161	19	eve	eve	NOUN
ajfa-3759	161	20	0,079	0,079	NUM
ajfa-3759	161	21	0,066	0,066	NUM
ajfa-3759	161	22	cmx	cmx	NOUN
ajfa-3759	161	23	as	as	ADP
ajfa-3759	161	24	comparable	comparable	ADJ
ajfa-3759	161	25	32	32	NUM
ajfa-3759	161	26	fba	fba	NOUN
ajfa-3759	161	27	0,493	0,493	NUM
ajfa-3759	161	28	0,355	0,355	NUM
ajfa-3759	161	29	asa	asa	PROPN
ajfa-3759	161	30	as	as	ADV
ajfa-3759	161	31	comparable	comparable	ADJ
ajfa-3759	161	32	33	33	NUM
ajfa-3759	161	33	fbt	fbt	NOUN
ajfa-3759	161	34	0,477	0,477	NUM
ajfa-3759	161	35	0,156	0,156	NUM
ajfa-3759	161	36	34	34	NUM
ajfa-3759	161	37	fdg	fdg	PROPN
ajfa-3759	161	38	0,233	0,233	NUM
ajfa-3759	161	39	0,045	0,045	NUM
ajfa-3759	161	40	bhs	bhs	PROPN
ajfa-3759	161	41	as	as	ADP
ajfa-3759	161	42	comparable	comparable	ADJ
ajfa-3759	161	43	35	35	NUM
ajfa-3759	161	44	fmc	fmc	NOUN
ajfa-3759	161	45	0,878	0,878	NUM
ajfa-3759	161	46	0,232	0,232	NOUN
ajfa-3759	161	47	36	36	NUM
ajfa-3759	161	48	gdt	gdt	PROPN
ajfa-3759	161	49	0,562	0,562	NUM
ajfa-3759	161	50	0,418	0,418	NUM
ajfa-3759	161	51	37	37	NUM
ajfa-3759	161	52	gfc	gfc	NOUN
ajfa-3759	161	53	0,131	0,131	NUM
ajfa-3759	161	54	0,015	0,015	NUM
ajfa-3759	161	55	fmc	fmc	NOUN
ajfa-3759	161	56	as	as	ADV
ajfa-3759	161	57	comparable	comparable	ADJ
ajfa-3759	161	58	38	38	NUM
ajfa-3759	161	59	ggg	ggg	NOUN
ajfa-3759	161	60	1,410	1,410	NUM
ajfa-3759	161	61	0,341	0,341	NUM
ajfa-3759	161	62	39	39	NUM
ajfa-3759	161	63	gil	gil	PROPN
ajfa-3759	161	64	0,783	0,783	NUM
ajfa-3759	161	65	0,415	0,415	NUM
ajfa-3759	161	66	40	40	NUM
ajfa-3759	161	67	glt	glt	PROPN
ajfa-3759	161	68	0,687	0,687	NUM
ajfa-3759	161	69	0,483	0,483	NUM
ajfa-3759	161	70	41	41	NUM
ajfa-3759	161	71	gmc	gmc	NOUN
ajfa-3759	161	72	1,033	1,033	NUM
ajfa-3759	161	73	0,434	0,434	NUM
ajfa-3759	161	74	42	42	NUM
ajfa-3759	161	75	had	have	VERB
ajfa-3759	161	76	1,020	1,020	NUM
ajfa-3759	161	77	0,813	0,813	NUM
ajfa-3759	161	78	43	43	NUM
ajfa-3759	161	79	hat	hat	NOUN
ajfa-3759	161	80	0,827	0,827	NUM
ajfa-3759	161	81	0,659	0,659	NUM
ajfa-3759	161	82	nps	nps	PROPN
ajfa-3759	161	83	as	as	ADV
ajfa-3759	161	84	comparable	comparable	ADJ
ajfa-3759	161	85	44	44	NUM
ajfa-3759	161	86	hax	hax	NOUN
ajfa-3759	161	87	1,115	1,115	NUM
ajfa-3759	161	88	0,410	0,410	NUM
ajfa-3759	161	89	45	45	NUM
ajfa-3759	161	90	hdm	hdm	PROPN
ajfa-3759	161	91	0,534	0,534	NUM
ajfa-3759	161	92	0,086	0,086	NUM
ajfa-3759	161	93	46	46	NUM
ajfa-3759	161	94	hfx	hfx	PROPN
ajfa-3759	161	95	-0,648	-0,648	PROPN
ajfa-3759	161	96	0,275	0,275	PROPN
ajfa-3759	161	97	nps	nps	PROPN
ajfa-3759	161	98	as	as	ADV
ajfa-3759	161	99	comparable	comparable	ADJ
ajfa-3759	161	100	47	47	NUM
ajfa-3759	161	101	hhc	hhc	NOUN
ajfa-3759	161	102	1,023	1,023	NUM
ajfa-3759	161	103	0,612	0,612	NUM
ajfa-3759	161	104	48	48	NUM
ajfa-3759	161	105	hlg	hlg	NOUN
ajfa-3759	161	106	0,762	0,762	NUM
ajfa-3759	161	107	0,226	0,226	NUM
ajfa-3759	161	108	49	49	NUM
ajfa-3759	161	109	hnm	hnm	NOUN
ajfa-3759	161	110	0,840	0,840	NUM
ajfa-3759	161	111	0,522	0,522	NUM
ajfa-3759	161	112	50	50	NUM
ajfa-3759	161	113	htl	htl	PROPN
ajfa-3759	161	114	0,734	0,734	NUM
ajfa-3759	161	115	0,482	0,482	NUM
ajfa-3759	161	116	had	have	VERB
ajfa-3759	161	117	as	as	ADV
ajfa-3759	161	118	comparable	comparable	ADJ
ajfa-3759	161	119	51	51	NUM
ajfa-3759	161	120	hvg	hvg	NOUN
ajfa-3759	162	1	0,626	0,626	NUM
ajfa-3759	162	2	0,225	0,225	NUM
ajfa-3759	162	3	52	52	NUM
ajfa-3759	162	4	icf	icf	PROPN
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ajfa-3759	162	6	0,414	0,414	NUM
ajfa-3759	162	7	53	53	NUM
ajfa-3759	162	8	ifs	if	NOUN
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ajfa-3759	162	10	0,375	0,375	NUM
ajfa-3759	162	11	csm	csm	NOUN
ajfa-3759	162	12	as	as	ADP
ajfa-3759	162	13	comparable	comparable	ADJ
ajfa-3759	162	14	54	54	NUM
ajfa-3759	162	15	kdc	kdc	NOUN
ajfa-3759	162	16	0,477	0,477	NUM
ajfa-3759	162	17	0,337	0,337	NUM
ajfa-3759	162	18	hvg	hvg	NOUN
ajfa-3759	162	19	as	as	ADP
ajfa-3759	162	20	comparable	comparable	ADJ
ajfa-3759	162	21	55	55	NUM
ajfa-3759	162	22	kmr	kmr	NOUN
ajfa-3759	162	23	0,670	0,670	NUM
ajfa-3759	162	24	0,474	0,474	NUM
ajfa-3759	162	25	fmc	fmc	PROPN
ajfa-3759	162	26	as	as	ADV
ajfa-3759	162	27	comparable	comparable	ADJ
ajfa-3759	162	28	56	56	NUM
ajfa-3759	162	29	ksc	ksc	PROPN
ajfa-3759	162	30	0,420	0,420	NUM
ajfa-3759	162	31	0,340	0,340	NUM
ajfa-3759	162	32	fba	fba	NOUN
ajfa-3759	162	33	as	as	ADP
ajfa-3759	162	34	comparable	comparable	ADJ
ajfa-3759	162	35	57	57	NUM
ajfa-3759	162	36	ksd	ksd	NOUN
ajfa-3759	162	37	0,265	0,265	NUM
ajfa-3759	162	38	0,106	0,106	NUM
ajfa-3759	162	39	gdt	gdt	PROPN
ajfa-3759	162	40	as	as	ADP
ajfa-3759	162	41	comparable	comparable	ADJ
ajfa-3759	162	42	asian	asian	ADJ
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ajfa-3759	162	44	of	of	ADP
ajfa-3759	162	45	finance	finance	PROPN
ajfa-3759	162	46	&	&	CCONJ
ajfa-3759	162	47	accounting	accounting	PROPN
ajfa-3759	162	48	issn	issn	PROPN
ajfa-3759	162	49	1946	1946	NUM
ajfa-3759	162	50	-	-	PUNCT
ajfa-3759	162	51	052x	052x	NOUN
ajfa-3759	162	52	2013	2013	NUM
ajfa-3759	162	53	,	,	PUNCT
ajfa-3759	162	54	vol	vol	NOUN
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ajfa-3759	162	57	,	,	PUNCT
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ajfa-3759	162	59	.	.	NOUN
ajfa-3759	162	60	2	2	NUM
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ajfa-3759	162	62	217	217	NUM
ajfa-3759	162	63	58	58	NUM
ajfa-3759	162	64	kts	kts	NOUN
ajfa-3759	162	65	0,387	0,387	NUM
ajfa-3759	162	66	0,241	0,241	NUM
ajfa-3759	162	67	gdt	gdt	PROPN
ajfa-3759	162	68	as	as	ADP
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ajfa-3759	162	70	59	59	NUM
ajfa-3759	162	71	laf	laf	PROPN
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ajfa-3759	162	73	0,558	0,558	NUM
ajfa-3759	162	74	60	60	NUM
ajfa-3759	162	75	lix	lix	NOUN
ajfa-3759	162	76	0,346	0,346	NUM
ajfa-3759	162	77	0,220	0,220	NUM
ajfa-3759	162	78	61	61	NUM
ajfa-3759	162	79	lss	lss	PROPN
ajfa-3759	162	80	1,327	1,327	NUM
ajfa-3759	162	81	0,917	0,917	NUM
ajfa-3759	162	82	62	62	NUM
ajfa-3759	162	83	mcf	mcf	NOUN
ajfa-3759	162	84	0,094	0,094	NUM
ajfa-3759	162	85	0,027	0,027	NUM
ajfa-3759	162	86	ksd	ksd	PROPN
ajfa-3759	162	87	as	as	ADP
ajfa-3759	162	88	comparable	comparable	ADJ
ajfa-3759	163	1	63	63	NUM
ajfa-3759	163	2	mef	mef	NOUN
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ajfa-3759	163	4	0,143	0,143	NUM
ajfa-3759	163	5	sj1	sj1	PROPN
ajfa-3759	163	6	as	as	ADP
ajfa-3759	163	7	comparable	comparable	ADJ
ajfa-3759	163	8	64	64	NUM
ajfa-3759	163	9	mpc	mpc	NOUN
ajfa-3759	163	10	1,140	1,140	NUM
ajfa-3759	163	11	0,326	0,326	NUM
ajfa-3759	163	12	65	65	NUM
ajfa-3759	163	13	msn	msn	NOUN
ajfa-3759	163	14	1,503	1,503	NUM
ajfa-3759	163	15	0,841	0,841	NUM
ajfa-3759	163	16	66	66	NUM
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ajfa-3759	163	18	0,357	0,357	NUM
ajfa-3759	163	19	0,246	0,246	NUM
ajfa-3759	163	20	fbt	fbt	NOUN
ajfa-3759	163	21	as	as	ADP
ajfa-3759	163	22	comparable	comparable	ADJ
ajfa-3759	163	23	67	67	NUM
ajfa-3759	163	24	ngc	ngc	ADJ
ajfa-3759	163	25	0,687	0,687	NUM
ajfa-3759	163	26	0,113	0,113	NUM
ajfa-3759	163	27	68	68	NUM
ajfa-3759	163	28	nhs	nhs	NOUN
ajfa-3759	163	29	0,381	0,381	NUM
ajfa-3759	163	30	0,190	0,190	NUM
ajfa-3759	163	31	kmr	kmr	PROPN
ajfa-3759	163	32	as	as	ADP
ajfa-3759	163	33	comparable	comparable	ADJ
ajfa-3759	163	34	69	69	NUM
ajfa-3759	163	35	nps	nps	PROPN
ajfa-3759	163	36	0,984	0,984	NUM
ajfa-3759	163	37	0,427	0,427	NUM
ajfa-3759	163	38	70	70	NUM
ajfa-3759	163	39	nsc	nsc	PROPN
ajfa-3759	163	40	0,910	0,910	NUM
ajfa-3759	163	41	0,578	0,578	NUM
ajfa-3759	163	42	71	71	NUM
ajfa-3759	163	43	nst	nst	ADP
ajfa-3759	163	44	0,887	0,887	NUM
ajfa-3759	163	45	0,264	0,264	NUM
ajfa-3759	163	46	72	72	NUM
ajfa-3759	163	47	pid	pid	NOUN
ajfa-3759	163	48	0,316	0,316	NUM
ajfa-3759	163	49	0,220	0,220	NUM
ajfa-3759	163	50	ksc	ksc	PROPN
ajfa-3759	163	51	as	as	ADP
ajfa-3759	163	52	comparable	comparable	ADJ
ajfa-3759	163	53	73	73	NUM
ajfa-3759	163	54	pnj	pnj	NOUN
ajfa-3759	163	55	0,643	0,643	NUM
ajfa-3759	163	56	0,262	0,262	NUM
ajfa-3759	163	57	74	74	NUM
ajfa-3759	163	58	psl	psl	PROPN
ajfa-3759	163	59	0,259	0,259	NUM
ajfa-3759	163	60	0,193	0,193	NUM
ajfa-3759	163	61	mef	mef	NOUN
ajfa-3759	163	62	as	as	ADP
ajfa-3759	163	63	comparable	comparable	ADJ
ajfa-3759	163	64	75	75	NUM
ajfa-3759	163	65	ptb	ptb	PROPN
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ajfa-3759	163	67	0,032	0,032	NUM
ajfa-3759	163	68	nhs	nhs	NOUN
ajfa-3759	163	69	as	as	ADP
ajfa-3759	163	70	comparable	comparable	ADJ
ajfa-3759	163	71	76	76	NUM
ajfa-3759	163	72	ptg	ptg	NOUN
ajfa-3759	163	73	0,391	0,391	NUM
ajfa-3759	163	74	0,194	0,194	NUM
ajfa-3759	163	75	ngc	ngc	ADJ
ajfa-3759	163	76	as	as	ADP
ajfa-3759	163	77	comparable	comparable	ADJ
ajfa-3759	163	78	77	77	NUM
ajfa-3759	163	79	ral	ral	ADJ
ajfa-3759	163	80	0,883	0,883	NUM
ajfa-3759	163	81	0,306	0,306	NUM
ajfa-3759	163	82	78	78	NUM
ajfa-3759	163	83	s33	s33	NOUN
ajfa-3759	163	84	0,267	0,267	NUM
ajfa-3759	163	85	0,068	0,068	NUM
ajfa-3759	163	86	abt	abt	INTJ
ajfa-3759	163	87	as	as	ADP
ajfa-3759	163	88	comparable	comparable	ADJ
ajfa-3759	163	89	79	79	NUM
ajfa-3759	163	90	saf	saf	NOUN
ajfa-3759	163	91	0,888	0,888	NUM
ajfa-3759	163	92	0,524	0,524	NUM
ajfa-3759	163	93	80	80	NUM
ajfa-3759	163	94	sav	sav	NOUN
ajfa-3759	163	95	0,820	0,820	NUM
ajfa-3759	163	96	0,406	0,406	NUM
ajfa-3759	163	97	81	81	NUM
ajfa-3759	163	98	sbt	sbt	PROPN
ajfa-3759	163	99	0,855	0,855	NUM
ajfa-3759	163	100	0,716	0,716	NUM
ajfa-3759	163	101	82	82	NUM
ajfa-3759	163	102	scd	scd	NOUN
ajfa-3759	163	103	0,738	0,738	NUM
ajfa-3759	163	104	0,546	0,546	NUM
ajfa-3759	163	105	83	83	NUM
ajfa-3759	163	106	sec	sec	PROPN
ajfa-3759	163	107	0,738	0,738	NUM
ajfa-3759	163	108	0,295	0,295	NUM
ajfa-3759	163	109	84	84	NUM
ajfa-3759	163	110	sgc	sgc	PROPN
ajfa-3759	163	111	0,596	0,596	NUM
ajfa-3759	163	112	0,448	0,448	NUM
ajfa-3759	163	113	85	85	NUM
ajfa-3759	163	114	shv	shv	NOUN
ajfa-3759	163	115	0,199	0,199	NUM
ajfa-3759	163	116	0,043	0,043	NUM
ajfa-3759	163	117	sec	sec	PROPN
ajfa-3759	163	118	as	as	ADP
ajfa-3759	163	119	comparable	comparable	ADJ
ajfa-3759	163	120	86	86	NUM
ajfa-3759	163	121	sj1	sj1	NOUN
ajfa-3759	163	122	0,635	0,635	NUM
ajfa-3759	163	123	0,408	0,408	NUM
ajfa-3759	163	124	87	87	NUM
ajfa-3759	163	125	sls	sls	NOUN
ajfa-3759	163	126	0,179	0,179	NUM
ajfa-3759	163	127	0,077	0,077	NUM
ajfa-3759	163	128	net	net	NOUN
ajfa-3759	163	129	as	as	ADP
ajfa-3759	163	130	comparable	comparable	ADJ
ajfa-3759	163	131	88	88	NUM
ajfa-3759	163	132	smb	smb	NOUN
ajfa-3759	163	133	0,143	0,143	NUM
ajfa-3759	163	134	0,048	0,048	NUM
ajfa-3759	163	135	net	net	NOUN
ajfa-3759	163	136	as	as	ADP
ajfa-3759	163	137	comparable	comparable	ADJ
ajfa-3759	163	138	89	89	NUM
ajfa-3759	163	139	spd	spd	NOUN
ajfa-3759	163	140	0,174	0,174	NUM
ajfa-3759	163	141	0,033	0,033	NUM
ajfa-3759	163	142	sec	sec	PROPN
ajfa-3759	163	143	as	as	ADP
ajfa-3759	163	144	comparable	comparable	ADJ
ajfa-3759	163	145	90	90	NUM
ajfa-3759	163	146	src	src	NOUN
ajfa-3759	163	147	2,056	2,056	NUM
ajfa-3759	163	148	0,753	0,753	NUM
ajfa-3759	163	149	91	91	NUM
ajfa-3759	163	150	ssc	ssc	NOUN
ajfa-3759	163	151	0,959	0,959	NUM
ajfa-3759	163	152	0,727	0,727	NUM
ajfa-3759	163	153	92	92	NUM
ajfa-3759	163	154	ssf	ssf	NOUN
ajfa-3759	163	155	0,157	0,157	NUM
ajfa-3759	163	156	0,067	0,067	NUM
ajfa-3759	163	157	pid	pid	NOUN
ajfa-3759	163	158	as	as	ADP
ajfa-3759	163	159	comparable	comparable	ADJ
ajfa-3759	163	160	93	93	NUM
ajfa-3759	163	161	svc	svc	NOUN
ajfa-3759	163	162	1,301	1,301	NUM
ajfa-3759	163	163	0,401	0,401	NUM
ajfa-3759	163	164	94	94	NUM
ajfa-3759	163	165	tac	tac	PROPN
ajfa-3759	163	166	1,076	1,076	NUM
ajfa-3759	163	167	0,393	0,393	NUM
ajfa-3759	163	168	95	95	NUM
ajfa-3759	163	169	tcm	tcm	PROPN
ajfa-3759	163	170	1,302	1,302	NUM
ajfa-3759	163	171	0,462	0,462	NUM
ajfa-3759	163	172	96	96	NUM
ajfa-3759	163	173	tet	tet	NOUN
ajfa-3759	163	174	0,346	0,346	NUM
ajfa-3759	163	175	0,296	0,296	NUM
ajfa-3759	163	176	ptg	ptg	NOUN
ajfa-3759	163	177	as	as	ADP
ajfa-3759	163	178	comparable	comparable	ADJ
ajfa-3759	163	179	97	97	NUM
ajfa-3759	163	180	thb	thb	NUM
ajfa-3759	163	181	0,976	0,976	NUM
ajfa-3759	163	182	0,608	0,608	NUM
ajfa-3759	163	183	98	98	NUM
ajfa-3759	163	184	thv	thv	VERB
ajfa-3759	163	185	0,301	0,301	NUM
ajfa-3759	163	186	0,056	0,056	NUM
ajfa-3759	163	187	svc	svc	PROPN
ajfa-3759	163	188	as	as	ADP
ajfa-3759	163	189	comparable	comparable	ADJ
ajfa-3759	163	190	99	99	NUM
ajfa-3759	163	191	tlg	tlg	PROPN
ajfa-3759	163	192	0,632	0,632	NUM
ajfa-3759	163	193	0,326	0,326	NUM
ajfa-3759	163	194	tac	tac	PROPN
ajfa-3759	163	195	as	as	ADP
ajfa-3759	163	196	comparable	comparable	ADJ
ajfa-3759	163	197	asian	asian	ADJ
ajfa-3759	163	198	journal	journal	NOUN
ajfa-3759	163	199	of	of	ADP
ajfa-3759	163	200	finance	finance	PROPN
ajfa-3759	163	201	&	&	CCONJ
ajfa-3759	163	202	accounting	accounting	PROPN
ajfa-3759	163	203	issn	issn	PROPN
ajfa-3759	163	204	1946	1946	NUM
ajfa-3759	163	205	-	-	PUNCT
ajfa-3759	163	206	052x	052x	NOUN
ajfa-3759	163	207	2013	2013	NUM
ajfa-3759	163	208	,	,	PUNCT
ajfa-3759	163	209	vol	vol	NOUN
ajfa-3759	163	210	.	.	PROPN
ajfa-3759	163	211	5	5	NUM
ajfa-3759	163	212	,	,	PUNCT
ajfa-3759	163	213	no	no	INTJ
ajfa-3759	163	214	.	.	NOUN
ajfa-3759	163	215	2	2	NUM
ajfa-3759	163	216	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-3759	163	217	218	218	NUM
ajfa-3759	163	218	100	100	NUM
ajfa-3759	163	219	tmt	tmt	PROPN
ajfa-3759	163	220	0,388	0,388	NUM
ajfa-3759	163	221	0,200	0,200	NUM
ajfa-3759	163	222	101	101	NUM
ajfa-3759	163	223	tmw	tmw	NOUN
ajfa-3759	163	224	0,293	0,293	NUM
ajfa-3759	163	225	0,115	0,115	NUM
ajfa-3759	163	226	sj1	sj1	NOUN
ajfa-3759	163	227	as	as	ADP
ajfa-3759	163	228	comparable	comparable	ADJ
ajfa-3759	163	229	102	102	NUM
ajfa-3759	163	230	tna	tna	NOUN
ajfa-3759	163	231	1,066	1,066	NUM
ajfa-3759	163	232	0,378	0,378	NUM
ajfa-3759	163	233	103	103	NUM
ajfa-3759	163	234	tng	tng	PROPN
ajfa-3759	163	235	1,135	1,135	NUM
ajfa-3759	163	236	0,310	0,310	NUM
ajfa-3759	163	237	104	104	NUM
ajfa-3759	163	238	tri	tri	PROPN
ajfa-3759	163	239	1,014	1,014	NUM
ajfa-3759	163	240	0,111	0,111	NUM
ajfa-3759	163	241	105	105	NUM
ajfa-3759	163	242	ts4	ts4	ADP
ajfa-3759	163	243	1,592	1,592	NUM
ajfa-3759	163	244	0,614	0,614	NUM
ajfa-3759	163	245	106	106	NUM
ajfa-3759	163	246	ttg	ttg	NOUN
ajfa-3759	163	247	0,429	0,429	NUM
ajfa-3759	163	248	0,358	0,358	NUM
ajfa-3759	163	249	fba	fba	PROPN
ajfa-3759	163	250	as	as	ADV
ajfa-3759	163	251	comparable	comparable	ADJ
ajfa-3759	163	252	107	107	NUM
ajfa-3759	163	253	vcf	vcf	NOUN
ajfa-3759	163	254	0,996	0,996	NUM
ajfa-3759	163	255	0,840	0,840	NUM
ajfa-3759	163	256	tng	tng	PROPN
ajfa-3759	163	257	as	as	ADP
ajfa-3759	163	258	comparable	comparable	ADJ
ajfa-3759	163	259	108	108	NUM
ajfa-3759	163	260	vdl	vdl	PROPN
ajfa-3759	163	261	0,810	0,810	NUM
ajfa-3759	163	262	0,534	0,534	NUM
ajfa-3759	163	263	109	109	NUM
ajfa-3759	163	264	vdn	vdn	NOUN
ajfa-3759	163	265	0,034	0,034	NUM
ajfa-3759	163	266	0,003	0,003	NUM
ajfa-3759	163	267	tmw	tmw	NOUN
ajfa-3759	163	268	as	as	ADP
ajfa-3759	163	269	comparable	comparable	ADJ
ajfa-3759	163	270	110	110	NUM
ajfa-3759	163	271	vhc	vhc	PROPN
ajfa-3759	163	272	1,103	1,103	NUM
ajfa-3759	163	273	0,584	0,584	NUM
ajfa-3759	163	274	111	111	NUM
ajfa-3759	163	275	vhf	vhf	NOUN
ajfa-3759	163	276	0,157	0,157	NUM
ajfa-3759	163	277	0,060	0,060	NOUN
ajfa-3759	163	278	lix	lix	PROPN
ajfa-3759	163	279	as	as	ADP
ajfa-3759	163	280	comparable	comparable	ADJ
ajfa-3759	163	281	112	112	NUM
ajfa-3759	163	282	via	via	ADP
ajfa-3759	163	283	0,387	0,387	NUM
ajfa-3759	163	284	0,337	0,337	NUM
ajfa-3759	163	285	ttg	ttg	PROPN
ajfa-3759	163	286	as	as	ADP
ajfa-3759	163	287	comparable	comparable	ADJ
ajfa-3759	163	288	113	113	NUM
ajfa-3759	163	289	vkc	vkc	NOUN
ajfa-3759	163	290	0,122	0,122	NUM
ajfa-3759	163	291	0,047	0,047	NUM
ajfa-3759	163	292	s33	s33	NOUN
ajfa-3759	163	293	as	as	ADP
ajfa-3759	163	294	comparable	comparable	ADJ
ajfa-3759	163	295	114	114	NUM
ajfa-3759	163	296	vkd	vkd	NOUN
ajfa-3759	163	297	0,095	0,095	NUM
ajfa-3759	163	298	0,051	0,051	NUM
ajfa-3759	163	299	ssf	ssf	NOUN
ajfa-3759	163	300	as	as	ADP
ajfa-3759	163	301	comparable	comparable	ADJ
ajfa-3759	163	302	115	115	NUM
ajfa-3759	163	303	vlf	vlf	NOUN
ajfa-3759	164	1	0,100	0,100	NUM
ajfa-3759	164	2	0,031	0,031	NUM
ajfa-3759	164	3	s33	s33	NOUN
ajfa-3759	164	4	as	as	ADP
ajfa-3759	164	5	comparable	comparable	ADJ
ajfa-3759	164	6	116	116	NUM
ajfa-3759	164	7	vnh	vnh	NOUN
ajfa-3759	164	8	0,547	0,547	NUM
ajfa-3759	164	9	0,256	0,256	NUM
ajfa-3759	164	10	tri	tri	PROPN
ajfa-3759	164	11	as	as	ADP
ajfa-3759	164	12	comparable	comparable	ADJ
ajfa-3759	164	13	117	117	NUM
ajfa-3759	164	14	vnm	vnm	NOUN
ajfa-3759	164	15	0,475	0,475	NUM
ajfa-3759	164	16	0,369	0,369	NUM
ajfa-3759	164	17	118	118	NUM
ajfa-3759	164	18	vtf	vtf	NOUN
ajfa-3759	164	19	0,517	0,517	NUM
ajfa-3759	164	20	0,231	0,231	NUM
ajfa-3759	164	21	vcf	vcf	NOUN
ajfa-3759	164	22	as	as	ADP
ajfa-3759	164	23	comparable	comparable	ADJ
ajfa-3759	164	24	119	119	NUM
ajfa-3759	164	25	vti	vti	NOUN
ajfa-3759	164	26	0,023	0,023	NUM
ajfa-3759	164	27	0,003	0,003	NUM
ajfa-3759	164	28	vhf	vhf	NOUN
ajfa-3759	164	29	as	as	ADP
ajfa-3759	164	30	comparable	comparable	ADJ
ajfa-3759	164	31	120	120	NUM
ajfa-3759	164	32	vtl	vtl	PROPN
ajfa-3759	164	33	0,620	0,620	NUM
ajfa-3759	164	34	0,211	0,211	NUM
ajfa-3759	164	35	121	121	NUM
ajfa-3759	164	36	wsb	wsb	PROPN
ajfa-3759	164	37	0,127	0,127	NUM
ajfa-3759	164	38	0,097	0,097	NUM
ajfa-3759	164	39	vhf	vhf	PROPN
ajfa-3759	164	40	as	as	ADP
ajfa-3759	164	41	comparable	comparable	ADJ
ajfa-3759	164	42	exhibit	exhibit	NOUN
ajfa-3759	164	43	3	3	NUM
ajfa-3759	164	44	.	.	PUNCT
ajfa-3759	164	45	estimating	estimate	VERB
ajfa-3759	164	46	beta	beta	ADJ
ajfa-3759	164	47	results	result	NOUN
ajfa-3759	164	48	for	for	ADP
ajfa-3759	164	49	viet	viet	PROPN
ajfa-3759	164	50	nam	nam	PROPN
ajfa-3759	164	51	listed	list	VERB
ajfa-3759	164	52	wholesale	wholesale	ADJ
ajfa-3759	164	53	and	and	CCONJ
ajfa-3759	164	54	retail	retail	ADJ
ajfa-3759	164	55	companies	company	NOUN
ajfa-3759	164	56	(	(	PUNCT
ajfa-3759	164	57	as	as	ADP
ajfa-3759	164	58	of	of	ADP
ajfa-3759	164	59	dec	dec	PROPN
ajfa-3759	164	60	2012	2012	NUM
ajfa-3759	164	61	)	)	PUNCT
ajfa-3759	164	62	(	(	PUNCT
ajfa-3759	164	63	source	source	NOUN
ajfa-3759	164	64	:	:	PUNCT
ajfa-3759	164	65	viet	viet	PROPN
ajfa-3759	164	66	nam	nam	PROPN
ajfa-3759	164	67	stock	stock	PROPN
ajfa-3759	164	68	exchange	exchange	PROPN
ajfa-3759	164	69	data	datum	NOUN
ajfa-3759	164	70	)	)	PUNCT
ajfa-3759	164	71	order	order	NOUN
ajfa-3759	164	72	no	no	NOUN
ajfa-3759	164	73	.	.	PUNCT
ajfa-3759	165	1	company	company	NOUN
ajfa-3759	165	2	stock	stock	PROPN
ajfa-3759	165	3	code	code	PROPN
ajfa-3759	165	4	equity	equity	PROPN
ajfa-3759	165	5	beta	beta	PROPN
ajfa-3759	165	6	asset	asset	NOUN
ajfa-3759	165	7	beta	beta	NOUN
ajfa-3759	165	8	(	(	PUNCT
ajfa-3759	165	9	assume	assume	VERB
ajfa-3759	165	10	debt	debt	NOUN
ajfa-3759	165	11	beta	beta	NOUN
ajfa-3759	165	12	=	=	SYM
ajfa-3759	165	13	0	0	X
ajfa-3759	165	14	)	)	PUNCT
ajfa-3759	165	15	note	note	NOUN
ajfa-3759	165	16	1	1	NUM
ajfa-3759	165	17	hhs	hhs	NOUN
ajfa-3759	165	18	0,728	0,728	NUM
ajfa-3759	165	19	0,479	0,479	NUM
ajfa-3759	165	20	pit	pit	NOUN
ajfa-3759	165	21	as	as	ADP
ajfa-3759	165	22	comparable	comparable	ADJ
ajfa-3759	165	23	2	2	NUM
ajfa-3759	165	24	imt	imt	NOUN
ajfa-3759	165	25	0,399	0,399	NOUN
ajfa-3759	165	26	0,386	0,386	NUM
ajfa-3759	165	27	th1	th1	NOUN
ajfa-3759	165	28	as	as	ADP
ajfa-3759	165	29	comparable	comparable	ADJ
ajfa-3759	165	30	3	3	NUM
ajfa-3759	165	31	th1	th1	NOUN
ajfa-3759	165	32	0,409	0,409	NUM
ajfa-3759	165	33	0,160	0,160	NUM
ajfa-3759	165	34	4	4	NUM
ajfa-3759	165	35	bsc	bsc	PROPN
ajfa-3759	165	36	0,420	0,420	NUM
ajfa-3759	165	37	0,342	0,342	NUM
ajfa-3759	165	38	fba	fba	VERB
ajfa-3759	165	39	as	as	ADV
ajfa-3759	165	40	comparable	comparable	ADJ
ajfa-3759	165	41	5	5	NUM
ajfa-3759	165	42	pet	pet	NOUN
ajfa-3759	165	43	1,273	1,273	NUM
ajfa-3759	165	44	0,351	0,351	NUM
ajfa-3759	165	45	6	6	NUM
ajfa-3759	165	46	btt	btt	NOUN
ajfa-3759	165	47	0,829	0,829	NUM
ajfa-3759	165	48	0,640	0,640	NUM
ajfa-3759	165	49	pit	pit	NOUN
ajfa-3759	165	50	as	as	ADP
ajfa-3759	165	51	comparable	comparable	ADJ
ajfa-3759	165	52	7	7	NUM
ajfa-3759	165	53	cmv	cmv	NOUN
ajfa-3759	165	54	0,391	0,391	NUM
ajfa-3759	165	55	0,126	0,126	NUM
ajfa-3759	165	56	pit	pit	NOUN
ajfa-3759	165	57	as	as	ADP
ajfa-3759	165	58	comparable	comparable	ADJ
ajfa-3759	165	59	8	8	NUM
ajfa-3759	165	60	pit	pit	NOUN
ajfa-3759	165	61	1,012	1,012	NUM
ajfa-3759	165	62	0,514	0,514	NUM
ajfa-3759	165	63	9	9	NUM
ajfa-3759	165	64	vt1	vt1	NOUN
ajfa-3759	165	65	0,411	0,411	NUM
ajfa-3759	165	66	0,175	0,175	NUM
ajfa-3759	165	67	btt	btt	PROPN
ajfa-3759	165	68	as	as	ADP
ajfa-3759	165	69	comparable	comparable	ADJ
ajfa-3759	165	70	asian	asian	ADJ
ajfa-3759	165	71	journal	journal	NOUN
ajfa-3759	165	72	of	of	ADP
ajfa-3759	165	73	finance	finance	PROPN
ajfa-3759	165	74	&	&	CCONJ
ajfa-3759	165	75	accounting	accounting	PROPN
ajfa-3759	165	76	issn	issn	PROPN
ajfa-3759	165	77	1946	1946	NUM
ajfa-3759	165	78	-	-	PUNCT
ajfa-3759	165	79	052x	052x	NOUN
ajfa-3759	165	80	2013	2013	NUM
ajfa-3759	165	81	,	,	PUNCT
ajfa-3759	165	82	vol	vol	NOUN
ajfa-3759	165	83	.	.	PROPN
ajfa-3759	165	84	5	5	NUM
ajfa-3759	165	85	,	,	PUNCT
ajfa-3759	165	86	no	no	INTJ
ajfa-3759	165	87	.	.	NOUN
ajfa-3759	165	88	2	2	NUM
ajfa-3759	165	89	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-3759	165	90	219	219	NUM
ajfa-3759	165	91	exhibit	exhibit	NOUN
ajfa-3759	165	92	4	4	NUM
ajfa-3759	165	93	.	.	PUNCT
ajfa-3759	166	1	statistical	statistical	ADJ
ajfa-3759	166	2	results	result	NOUN
ajfa-3759	166	3	of	of	ADP
ajfa-3759	166	4	four	four	NUM
ajfa-3759	166	5	(	(	PUNCT
ajfa-3759	166	6	4	4	NUM
ajfa-3759	166	7	)	)	PUNCT
ajfa-3759	166	8	groups	group	NOUN
ajfa-3759	166	9	of	of	ADP
ajfa-3759	166	10	64	64	NUM
ajfa-3759	166	11	listed	list	VERB
ajfa-3759	166	12	vn	vn	NOUN
ajfa-3759	166	13	computer	computer	NOUN
ajfa-3759	166	14	and	and	CCONJ
ajfa-3759	166	15	electrical	electrical	ADJ
ajfa-3759	166	16	firms	firm	NOUN
ajfa-3759	166	17	during	during	ADP
ajfa-3759	166	18	/	/	SYM
ajfa-3759	166	19	after	after	ADP
ajfa-3759	166	20	the	the	DET
ajfa-3759	166	21	crisis	crisis	NOUN
ajfa-3759	166	22	period	period	NOUN
ajfa-3759	166	23	2007	2007	NUM
ajfa-3759	166	24	-	-	SYM
ajfa-3759	166	25	2011	2011	NUM
ajfa-3759	166	26	0,63	0,63	NUM
ajfa-3759	167	1	0,33	0,33	PROPN
ajfa-3759	167	2	0,17	0,17	NUM
ajfa-3759	167	3	0,07	0,07	NUM
ajfa-3759	168	1	0,72	0,72	X
ajfa-3759	168	2	0,44	0,44	PUNCT
ajfa-3759	169	1	0,21	0,21	NUM
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