id	sid	tid	token	lemma	pos
ajfa-4132	1	1	microsoft	microsoft	PROPN
ajfa-4132	1	2	word	word	PROPN
ajfa-4132	1	3	4132-15391-1-sm-writer2-new.docx	4132-15391-1-sm-writer2-new.docx	PRON
ajfa-4132	1	4	asian	asian	ADJ
ajfa-4132	1	5	journal	journal	NOUN
ajfa-4132	1	6	of	of	ADP
ajfa-4132	1	7	finance	finance	PROPN
ajfa-4132	1	8	&	&	CCONJ
ajfa-4132	1	9	accounting	accounting	PROPN
ajfa-4132	1	10	issn	issn	PROPN
ajfa-4132	1	11	1946	1946	NUM
ajfa-4132	1	12	-	-	PUNCT
ajfa-4132	1	13	052x	052x	NOUN
ajfa-4132	1	14	2013	2013	NUM
ajfa-4132	1	15	,	,	PUNCT
ajfa-4132	1	16	vol	vol	NOUN
ajfa-4132	1	17	.	.	PROPN
ajfa-4132	1	18	5	5	NUM
ajfa-4132	1	19	,	,	PUNCT
ajfa-4132	1	20	no	no	INTJ
ajfa-4132	1	21	.	.	NOUN
ajfa-4132	1	22	2	2	NUM
ajfa-4132	1	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4132	1	24	244	244	NUM
ajfa-4132	1	25	abnormal	abnormal	ADJ
ajfa-4132	1	26	audit	audit	NOUN
ajfa-4132	1	27	fees	fee	NOUN
ajfa-4132	1	28	and	and	CCONJ
ajfa-4132	1	29	stock	stock	NOUN
ajfa-4132	1	30	price	price	NOUN
ajfa-4132	1	31	synchronicity	synchronicity	NOUN
ajfa-4132	1	32	:	:	PUNCT
ajfa-4132	1	33	iranian	iranian	ADJ
ajfa-4132	1	34	evidence	evidence	NOUN
ajfa-4132	1	35	mikaeil	mikaeil	PROPN
ajfa-4132	1	36	mansouri	mansouri	PROPN
ajfa-4132	1	37	serenjianeh	serenjianeh	PROPN
ajfa-4132	1	38	accounting	accounting	PROPN
ajfa-4132	1	39	department	department	PROPN
ajfa-4132	1	40	,	,	PUNCT
ajfa-4132	1	41	university	university	PROPN
ajfa-4132	1	42	of	of	ADP
ajfa-4132	1	43	kurdistan	kurdistan	PROPN
ajfa-4132	1	44	,	,	PUNCT
ajfa-4132	1	45	kurdistan	kurdistan	PROPN
ajfa-4132	1	46	,	,	PUNCT
ajfa-4132	1	47	iran	iran	PROPN
ajfa-4132	1	48	e	e	NOUN
ajfa-4132	1	49	-	-	NOUN
ajfa-4132	1	50	mail	mail	NOUN
ajfa-4132	1	51	:	:	PUNCT
ajfa-4132	1	52	mmansouri64@yahoo.com	mmansouri64@yahoo.com	X
ajfa-4132	1	53	nasrollah	nasrollah	PROPN
ajfa-4132	1	54	takhtaei1	takhtaei1	PROPN
ajfa-4132	1	55	accounting	accounting	PROPN
ajfa-4132	1	56	department	department	PROPN
ajfa-4132	1	57	,	,	PUNCT
ajfa-4132	1	58	dezful	dezful	ADJ
ajfa-4132	1	59	branch	branch	NOUN
ajfa-4132	1	60	,	,	PUNCT
ajfa-4132	1	61	islamic	islamic	PROPN
ajfa-4132	1	62	azad	azad	PROPN
ajfa-4132	1	63	university	university	PROPN
ajfa-4132	1	64	,	,	PUNCT
ajfa-4132	1	65	dezful	dezful	ADJ
ajfa-4132	1	66	,	,	PUNCT
ajfa-4132	1	67	iran	iran	PROPN
ajfa-4132	1	68	e	e	NOUN
ajfa-4132	1	69	-	-	NOUN
ajfa-4132	1	70	mail	mail	NOUN
ajfa-4132	1	71	:	:	PUNCT
ajfa-4132	1	72	nasrollah_takhtaei@yahoo.com	nasrollah_takhtaei@yahoo.com	NOUN
ajfa-4132	1	73	received	receive	VERB
ajfa-4132	1	74	:	:	PUNCT
ajfa-4132	1	75	august	august	PROPN
ajfa-4132	1	76	16	16	NUM
ajfa-4132	1	77	,	,	PUNCT
ajfa-4132	1	78	2013	2013	NUM
ajfa-4132	1	79	accepted	accept	VERB
ajfa-4132	1	80	:	:	PUNCT
ajfa-4132	1	81	october	october	PROPN
ajfa-4132	1	82	3	3	NUM
ajfa-4132	1	83	,	,	PUNCT
ajfa-4132	1	84	2013	2013	NUM
ajfa-4132	1	85	published	publish	VERB
ajfa-4132	1	86	:	:	PUNCT
ajfa-4132	1	87	december	december	PROPN
ajfa-4132	1	88	1	1	NUM
ajfa-4132	1	89	,	,	PUNCT
ajfa-4132	1	90	2013	2013	NUM
ajfa-4132	1	91	doi:10.5296	doi:10.5296	NOUN
ajfa-4132	1	92	/	/	SYM
ajfa-4132	1	93	ajfa.v5i2.4132	ajfa.v5i2.4132	NUM
ajfa-4132	1	94	url	url	NOUN
ajfa-4132	1	95	:	:	PUNCT
ajfa-4132	1	96	http://dx.doi.org/10.5296/ajfa.v5i2.4132	http://dx.doi.org/10.5296/ajfa.v5i2.4132	X
ajfa-4132	1	97	abstract	abstract	ADJ
ajfa-4132	1	98	the	the	DET
ajfa-4132	1	99	main	main	ADJ
ajfa-4132	1	100	objective	objective	NOUN
ajfa-4132	1	101	of	of	ADP
ajfa-4132	1	102	this	this	DET
ajfa-4132	1	103	research	research	NOUN
ajfa-4132	1	104	is	be	AUX
ajfa-4132	1	105	to	to	PART
ajfa-4132	1	106	investigate	investigate	VERB
ajfa-4132	1	107	the	the	DET
ajfa-4132	1	108	association	association	NOUN
ajfa-4132	1	109	between	between	ADP
ajfa-4132	1	110	stock	stock	NOUN
ajfa-4132	1	111	price	price	NOUN
ajfa-4132	1	112	synchronicity	synchronicity	NOUN
ajfa-4132	1	113	.	.	PUNCT
ajfa-4132	2	1	stock	stock	NOUN
ajfa-4132	2	2	price	price	NOUN
ajfa-4132	2	3	synchronicity	synchronicity	NOUN
ajfa-4132	2	4	as	as	ADP
ajfa-4132	2	5	a	a	DET
ajfa-4132	2	6	criterion	criterion	NOUN
ajfa-4132	2	7	for	for	ADP
ajfa-4132	2	8	stock	stock	NOUN
ajfa-4132	2	9	market	market	NOUN
ajfa-4132	2	10	reaction	reaction	NOUN
ajfa-4132	2	11	has	have	AUX
ajfa-4132	2	12	been	be	AUX
ajfa-4132	2	13	the	the	DET
ajfa-4132	2	14	subject	subject	NOUN
ajfa-4132	2	15	of	of	ADP
ajfa-4132	2	16	this	this	DET
ajfa-4132	2	17	study	study	NOUN
ajfa-4132	2	18	for	for	ADP
ajfa-4132	2	19	the	the	DET
ajfa-4132	2	20	first	first	ADJ
ajfa-4132	2	21	time	time	NOUN
ajfa-4132	2	22	in	in	ADP
ajfa-4132	2	23	iran	iran	PROPN
ajfa-4132	2	24	.	.	PUNCT
ajfa-4132	3	1	for	for	ADP
ajfa-4132	3	2	fulfilling	fulfil	VERB
ajfa-4132	3	3	the	the	DET
ajfa-4132	3	4	objectives	objective	NOUN
ajfa-4132	3	5	of	of	ADP
ajfa-4132	3	6	this	this	DET
ajfa-4132	3	7	research	research	NOUN
ajfa-4132	3	8	,	,	PUNCT
ajfa-4132	3	9	the	the	DET
ajfa-4132	3	10	post	post	NOUN
ajfa-4132	3	11	event	event	NOUN
ajfa-4132	3	12	research	research	NOUN
ajfa-4132	3	13	method	method	NOUN
ajfa-4132	3	14	has	have	AUX
ajfa-4132	3	15	been	be	AUX
ajfa-4132	3	16	applied	apply	VERB
ajfa-4132	3	17	and	and	CCONJ
ajfa-4132	3	18	for	for	ADP
ajfa-4132	3	19	testing	test	VERB
ajfa-4132	3	20	the	the	DET
ajfa-4132	3	21	hypothesis	hypothesis	NOUN
ajfa-4132	3	22	the	the	DET
ajfa-4132	3	23	data	data	NOUN
ajfa-4132	3	24	panel	panel	NOUN
ajfa-4132	3	25	method	method	NOUN
ajfa-4132	3	26	has	have	AUX
ajfa-4132	3	27	been	be	AUX
ajfa-4132	3	28	employed	employ	VERB
ajfa-4132	3	29	.	.	PUNCT
ajfa-4132	4	1	this	this	DET
ajfa-4132	4	2	research	research	NOUN
ajfa-4132	4	3	sample	sample	NOUN
ajfa-4132	4	4	encompasses	encompass	VERB
ajfa-4132	4	5	71	71	NUM
ajfa-4132	4	6	accepted	accepted	ADJ
ajfa-4132	4	7	firms	firm	NOUN
ajfa-4132	4	8	in	in	ADP
ajfa-4132	4	9	tehran	tehran	PROPN
ajfa-4132	4	10	stock	stock	NOUN
ajfa-4132	4	11	market	market	NOUN
ajfa-4132	4	12	from	from	ADP
ajfa-4132	4	13	2006	2006	NUM
ajfa-4132	4	14	to	to	ADP
ajfa-4132	4	15	2010	2010	NUM
ajfa-4132	4	16	.	.	PUNCT
ajfa-4132	5	1	the	the	DET
ajfa-4132	5	2	results	result	NOUN
ajfa-4132	5	3	of	of	ADP
ajfa-4132	5	4	this	this	DET
ajfa-4132	5	5	research	research	NOUN
ajfa-4132	5	6	indicate	indicate	VERB
ajfa-4132	5	7	that	that	SCONJ
ajfa-4132	5	8	stock	stock	NOUN
ajfa-4132	5	9	market	market	NOUN
ajfa-4132	5	10	reaction	reaction	NOUN
ajfa-4132	5	11	positively	positively	ADV
ajfa-4132	5	12	to	to	ADP
ajfa-4132	5	13	abnormal	abnormal	ADJ
ajfa-4132	5	14	audit	audit	NOUN
ajfa-4132	5	15	fees	fee	NOUN
ajfa-4132	5	16	.	.	PUNCT
ajfa-4132	6	1	in	in	ADP
ajfa-4132	6	2	other	other	ADJ
ajfa-4132	6	3	words	word	NOUN
ajfa-4132	6	4	,	,	PUNCT
ajfa-4132	6	5	the	the	DET
ajfa-4132	6	6	investors	investor	NOUN
ajfa-4132	6	7	tend	tend	VERB
ajfa-4132	6	8	to	to	PART
ajfa-4132	6	9	assume	assume	VERB
ajfa-4132	6	10	that	that	SCONJ
ajfa-4132	6	11	abnormal	abnormal	ADJ
ajfa-4132	6	12	audit	audit	NOUN
ajfa-4132	6	13	fees	fee	NOUN
ajfa-4132	6	14	lead	lead	VERB
ajfa-4132	6	15	to	to	ADP
ajfa-4132	6	16	more	more	ADJ
ajfa-4132	6	17	information	information	NOUN
ajfa-4132	6	18	of	of	ADP
ajfa-4132	6	19	firm	firm	NOUN
ajfa-4132	6	20	into	into	ADP
ajfa-4132	6	21	stock	stock	NOUN
ajfa-4132	6	22	prices	price	NOUN
ajfa-4132	6	23	and	and	CCONJ
ajfa-4132	6	24	this	this	PRON
ajfa-4132	6	25	will	will	AUX
ajfa-4132	6	26	enhance	enhance	VERB
ajfa-4132	6	27	audit	audit	NOUN
ajfa-4132	6	28	quality	quality	NOUN
ajfa-4132	6	29	.	.	PUNCT
ajfa-4132	7	1	keywords	keyword	NOUN
ajfa-4132	7	2	:	:	PUNCT
ajfa-4132	7	3	abnormal	abnormal	ADJ
ajfa-4132	7	4	audit	audit	NOUN
ajfa-4132	7	5	fees	fee	NOUN
ajfa-4132	7	6	,	,	PUNCT
ajfa-4132	7	7	actual	actual	ADJ
ajfa-4132	7	8	audit	audit	NOUN
ajfa-4132	7	9	fees	fee	NOUN
ajfa-4132	7	10	,	,	PUNCT
ajfa-4132	7	11	auditor	auditor	NOUN
ajfa-4132	7	12	independence	independence	NOUN
ajfa-4132	7	13	,	,	PUNCT
ajfa-4132	7	14	normal	normal	ADJ
ajfa-4132	7	15	audit	audit	NOUN
ajfa-4132	7	16	fees	fee	NOUN
ajfa-4132	7	17	,	,	PUNCT
ajfa-4132	7	18	stock	stock	NOUN
ajfa-4132	7	19	price	price	NOUN
ajfa-4132	7	20	synchronicity	synchronicity	NOUN
ajfa-4132	7	21	1	1	NUM
ajfa-4132	7	22	.	.	PUNCT
ajfa-4132	8	1	correspondence	correspondence	NOUN
ajfa-4132	8	2	author	author	NOUN
ajfa-4132	8	3	:	:	PUNCT
ajfa-4132	8	4	phd	phd	NOUN
ajfa-4132	8	5	student	student	NOUN
ajfa-4132	8	6	in	in	ADP
ajfa-4132	8	7	accounting	accounting	NOUN
ajfa-4132	8	8	,	,	PUNCT
ajfa-4132	8	9	department	department	PROPN
ajfa-4132	8	10	of	of	ADP
ajfa-4132	8	11	commerce	commerce	PROPN
ajfa-4132	8	12	,	,	PUNCT
ajfa-4132	8	13	delhi	delhi	PROPN
ajfa-4132	8	14	school	school	NOUN
ajfa-4132	8	15	of	of	ADP
ajfa-4132	8	16	economics	economic	NOUN
ajfa-4132	8	17	,	,	PUNCT
ajfa-4132	8	18	university	university	NOUN
ajfa-4132	8	19	of	of	ADP
ajfa-4132	8	20	delhi	delhi	PROPN
ajfa-4132	8	21	(	(	PUNCT
ajfa-4132	8	22	india	india	PROPN
ajfa-4132	8	23	)	)	PUNCT
ajfa-4132	8	24	asian	asian	ADJ
ajfa-4132	8	25	journal	journal	NOUN
ajfa-4132	8	26	of	of	ADP
ajfa-4132	8	27	finance	finance	PROPN
ajfa-4132	8	28	&	&	CCONJ
ajfa-4132	8	29	accounting	accounting	PROPN
ajfa-4132	8	30	issn	issn	PROPN
ajfa-4132	8	31	1946	1946	NUM
ajfa-4132	8	32	-	-	PUNCT
ajfa-4132	8	33	052x	052x	NOUN
ajfa-4132	8	34	2013	2013	NUM
ajfa-4132	8	35	,	,	PUNCT
ajfa-4132	8	36	vol	vol	NOUN
ajfa-4132	8	37	.	.	PROPN
ajfa-4132	8	38	5	5	NUM
ajfa-4132	8	39	,	,	PUNCT
ajfa-4132	8	40	no	no	INTJ
ajfa-4132	8	41	.	.	NOUN
ajfa-4132	8	42	2	2	NUM
ajfa-4132	8	43	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4132	8	44	245	245	NUM
ajfa-4132	8	45	1	1	NUM
ajfa-4132	8	46	.	.	PUNCT
ajfa-4132	8	47	introduction	introduction	NOUN
ajfa-4132	8	48	with	with	ADP
ajfa-4132	8	49	increasing	increase	VERB
ajfa-4132	8	50	of	of	ADP
ajfa-4132	8	51	resource	resource	NOUN
ajfa-4132	8	52	accessible	accessible	ADJ
ajfa-4132	8	53	to	to	ADP
ajfa-4132	8	54	management	management	NOUN
ajfa-4132	8	55	,	,	PUNCT
ajfa-4132	8	56	number	number	NOUN
ajfa-4132	8	57	of	of	ADP
ajfa-4132	8	58	stakeholders	stakeholder	NOUN
ajfa-4132	8	59	of	of	ADP
ajfa-4132	8	60	firm	firm	NOUN
ajfa-4132	8	61	is	be	AUX
ajfa-4132	8	62	also	also	ADV
ajfa-4132	8	63	increasing	increase	VERB
ajfa-4132	8	64	simultaneously	simultaneously	ADV
ajfa-4132	8	65	that	that	SCONJ
ajfa-4132	8	66	consequence	consequence	NOUN
ajfa-4132	8	67	of	of	ADP
ajfa-4132	8	68	this	this	DET
ajfa-4132	8	69	situation	situation	NOUN
ajfa-4132	8	70	is	be	AUX
ajfa-4132	8	71	an	an	DET
ajfa-4132	8	72	occurrence	occurrence	NOUN
ajfa-4132	8	73	of	of	ADP
ajfa-4132	8	74	conflicts	conflict	NOUN
ajfa-4132	8	75	of	of	ADP
ajfa-4132	8	76	interest	interest	NOUN
ajfa-4132	8	77	.	.	PUNCT
ajfa-4132	9	1	as	as	ADP
ajfa-4132	9	2	a	a	DET
ajfa-4132	9	3	result	result	NOUN
ajfa-4132	9	4	,	,	PUNCT
ajfa-4132	9	5	stakeholders	stakeholder	NOUN
ajfa-4132	9	6	to	to	PART
ajfa-4132	9	7	align	align	VERB
ajfa-4132	9	8	their	their	PRON
ajfa-4132	9	9	interests	interest	NOUN
ajfa-4132	9	10	with	with	ADP
ajfa-4132	9	11	others	other	NOUN
ajfa-4132	9	12	or	or	CCONJ
ajfa-4132	9	13	to	to	PART
ajfa-4132	9	14	minimize	minimize	VERB
ajfa-4132	9	15	the	the	DET
ajfa-4132	9	16	impacts	impact	NOUN
ajfa-4132	9	17	of	of	ADP
ajfa-4132	9	18	interest	interest	NOUN
ajfa-4132	9	19	's	's	PART
ajfa-4132	9	20	conflict	conflict	NOUN
ajfa-4132	9	21	should	should	AUX
ajfa-4132	9	22	endure	endure	VERB
ajfa-4132	9	23	the	the	DET
ajfa-4132	9	24	agency	agency	NOUN
ajfa-4132	9	25	costs	cost	NOUN
ajfa-4132	9	26	.	.	PUNCT
ajfa-4132	10	1	the	the	DET
ajfa-4132	10	2	manager	manager	NOUN
ajfa-4132	10	3	has	have	AUX
ajfa-4132	10	4	been	be	AUX
ajfa-4132	10	5	in	in	ADP
ajfa-4132	10	6	the	the	DET
ajfa-4132	10	7	focus	focus	NOUN
ajfa-4132	10	8	of	of	ADP
ajfa-4132	10	9	this	this	DET
ajfa-4132	10	10	conflict	conflict	NOUN
ajfa-4132	10	11	is	be	AUX
ajfa-4132	10	12	trying	try	VERB
ajfa-4132	10	13	to	to	PART
ajfa-4132	10	14	reduce	reduce	VERB
ajfa-4132	10	15	these	these	DET
ajfa-4132	10	16	costs	cost	NOUN
ajfa-4132	10	17	with	with	ADP
ajfa-4132	10	18	providing	provide	VERB
ajfa-4132	10	19	financial	financial	ADJ
ajfa-4132	10	20	information	information	NOUN
ajfa-4132	10	21	.	.	PUNCT
ajfa-4132	11	1	however	however	ADV
ajfa-4132	11	2	due	due	ADP
ajfa-4132	11	3	to	to	ADP
ajfa-4132	11	4	power	power	NOUN
ajfa-4132	11	5	of	of	ADP
ajfa-4132	11	6	management	management	NOUN
ajfa-4132	11	7	,	,	PUNCT
ajfa-4132	11	8	independent	independent	ADJ
ajfa-4132	11	9	auditor	auditor	NOUN
ajfa-4132	11	10	's	's	PART
ajfa-4132	11	11	professional	professional	ADJ
ajfa-4132	11	12	judgment	judgment	NOUN
ajfa-4132	11	13	has	have	AUX
ajfa-4132	11	14	been	be	AUX
ajfa-4132	11	15	suggested	suggest	VERB
ajfa-4132	11	16	to	to	PART
ajfa-4132	11	17	monitor	monitor	VERB
ajfa-4132	11	18	the	the	DET
ajfa-4132	11	19	performance	performance	NOUN
ajfa-4132	11	20	of	of	ADP
ajfa-4132	11	21	management	management	NOUN
ajfa-4132	11	22	.	.	PUNCT
ajfa-4132	12	1	in	in	ADP
ajfa-4132	12	2	order	order	NOUN
ajfa-4132	12	3	to	to	PART
ajfa-4132	12	4	use	use	VERB
ajfa-4132	12	5	audit	audit	NOUN
ajfa-4132	12	6	services	service	NOUN
ajfa-4132	12	7	,	,	PUNCT
ajfa-4132	12	8	fees	fee	NOUN
ajfa-4132	12	9	should	should	AUX
ajfa-4132	12	10	be	be	AUX
ajfa-4132	12	11	paid	pay	VERB
ajfa-4132	12	12	to	to	ADP
ajfa-4132	12	13	auditors	auditor	NOUN
ajfa-4132	12	14	which	which	PRON
ajfa-4132	12	15	is	be	AUX
ajfa-4132	12	16	determined	determine	VERB
ajfa-4132	12	17	by	by	ADP
ajfa-4132	12	18	auditors	auditor	NOUN
ajfa-4132	12	19	based	base	VERB
ajfa-4132	12	20	on	on	ADP
ajfa-4132	12	21	their	their	PRON
ajfa-4132	12	22	assessment	assessment	NOUN
ajfa-4132	12	23	from	from	ADP
ajfa-4132	12	24	the	the	DET
ajfa-4132	12	25	audit	audit	NOUN
ajfa-4132	12	26	risk	risk	NOUN
ajfa-4132	12	27	and	and	CCONJ
ajfa-4132	12	28	volume	volume	NOUN
ajfa-4132	12	29	.	.	PUNCT
ajfa-4132	13	1	in	in	ADP
ajfa-4132	13	2	this	this	DET
ajfa-4132	13	3	study	study	NOUN
ajfa-4132	13	4	,	,	PUNCT
ajfa-4132	13	5	theoretically	theoretically	ADV
ajfa-4132	13	6	,	,	PUNCT
ajfa-4132	13	7	actual	actual	ADJ
ajfa-4132	13	8	audit	audit	NOUN
ajfa-4132	13	9	fee	fee	NOUN
ajfa-4132	13	10	comprises	comprise	VERB
ajfa-4132	13	11	two	two	NUM
ajfa-4132	13	12	components	component	NOUN
ajfa-4132	13	13	;	;	PUNCT
ajfa-4132	13	14	(	(	PUNCT
ajfa-4132	13	15	1	1	X
ajfa-4132	13	16	)	)	PUNCT
ajfa-4132	13	17	standard	standard	ADJ
ajfa-4132	13	18	audit	audit	NOUN
ajfa-4132	13	19	fee	fee	NOUN
ajfa-4132	13	20	,	,	PUNCT
ajfa-4132	13	21	(	(	PUNCT
ajfa-4132	13	22	2	2	X
ajfa-4132	13	23	)	)	PUNCT
ajfa-4132	13	24	abnormal	abnormal	ADJ
ajfa-4132	13	25	audit	audit	NOUN
ajfa-4132	13	26	fee	fee	NOUN
ajfa-4132	13	27	.	.	PUNCT
ajfa-4132	14	1	standard	standard	ADJ
ajfa-4132	14	2	audit	audit	NOUN
ajfa-4132	14	3	fee	fee	NOUN
ajfa-4132	14	4	reflects	reflect	VERB
ajfa-4132	14	5	the	the	DET
ajfa-4132	14	6	effort	effort	NOUN
ajfa-4132	14	7	and	and	CCONJ
ajfa-4132	14	8	costs	cost	NOUN
ajfa-4132	14	9	of	of	ADP
ajfa-4132	14	10	litigation	litigation	NOUN
ajfa-4132	14	11	risk	risk	NOUN
ajfa-4132	14	12	and	and	CCONJ
ajfa-4132	14	13	actual	actual	ADJ
ajfa-4132	14	14	audit	audit	NOUN
ajfa-4132	14	15	fee	fee	NOUN
ajfa-4132	14	16	is	be	AUX
ajfa-4132	14	17	equally	equally	ADV
ajfa-4132	14	18	fees	fee	NOUN
ajfa-4132	14	19	paid	pay	VERB
ajfa-4132	14	20	to	to	ADP
ajfa-4132	14	21	auditors	auditor	NOUN
ajfa-4132	14	22	.	.	PUNCT
ajfa-4132	15	1	the	the	DET
ajfa-4132	15	2	auditor	auditor	NOUN
ajfa-4132	15	3	's	's	PART
ajfa-4132	15	4	efforts	effort	NOUN
ajfa-4132	15	5	might	might	AUX
ajfa-4132	15	6	increase	increase	VERB
ajfa-4132	15	7	with	with	ADP
ajfa-4132	15	8	increasing	increase	VERB
ajfa-4132	15	9	fee	fee	NOUN
ajfa-4132	15	10	payment	payment	NOUN
ajfa-4132	15	11	that	that	PRON
ajfa-4132	15	12	leads	lead	VERB
ajfa-4132	15	13	to	to	ADP
ajfa-4132	15	14	quality	quality	NOUN
ajfa-4132	15	15	high	high	ADJ
ajfa-4132	15	16	in	in	ADP
ajfa-4132	15	17	auditing	auditing	NOUN
ajfa-4132	15	18	.	.	PUNCT
ajfa-4132	16	1	as	as	ADP
ajfa-4132	16	2	a	a	DET
ajfa-4132	16	3	result	result	NOUN
ajfa-4132	16	4	,	,	PUNCT
ajfa-4132	16	5	market	market	NOUN
ajfa-4132	16	6	indicates	indicate	VERB
ajfa-4132	16	7	a	a	DET
ajfa-4132	16	8	positive	positive	ADJ
ajfa-4132	16	9	reaction	reaction	NOUN
ajfa-4132	16	10	to	to	ADP
ajfa-4132	16	11	the	the	DET
ajfa-4132	16	12	high	high	ADJ
ajfa-4132	16	13	quality	quality	NOUN
ajfa-4132	16	14	of	of	ADP
ajfa-4132	16	15	information	information	NOUN
ajfa-4132	16	16	.	.	PUNCT
ajfa-4132	17	1	instead	instead	ADV
ajfa-4132	17	2	,	,	PUNCT
ajfa-4132	17	3	it	it	PRON
ajfa-4132	17	4	is	be	AUX
ajfa-4132	17	5	possible	possible	ADJ
ajfa-4132	17	6	,	,	PUNCT
ajfa-4132	17	7	auditors	auditor	NOUN
ajfa-4132	17	8	'	'	PART
ajfa-4132	17	9	high	high	ADJ
ajfa-4132	17	10	fees	fee	NOUN
ajfa-4132	17	11	,	,	PUNCT
ajfa-4132	17	12	make	make	VERB
ajfa-4132	17	13	them	they	PRON
ajfa-4132	17	14	economically	economically	ADV
ajfa-4132	17	15	to	to	PART
ajfa-4132	17	16	depend	depend	VERB
ajfa-4132	17	17	on	on	ADP
ajfa-4132	17	18	their	their	PRON
ajfa-4132	17	19	clients	client	NOUN
ajfa-4132	17	20	.	.	PUNCT
ajfa-4132	18	1	such	such	ADJ
ajfa-4132	18	2	dependence	dependence	NOUN
ajfa-4132	18	3	leads	lead	VERB
ajfa-4132	18	4	to	to	ADP
ajfa-4132	18	5	the	the	DET
ajfa-4132	18	6	lack	lack	NOUN
ajfa-4132	18	7	of	of	ADP
ajfa-4132	18	8	auditor	auditor	NOUN
ajfa-4132	18	9	independence	independence	NOUN
ajfa-4132	18	10	.	.	PUNCT
ajfa-4132	19	1	therefore	therefore	ADV
ajfa-4132	19	2	,	,	PUNCT
ajfa-4132	19	3	clients	client	NOUN
ajfa-4132	19	4	do	do	AUX
ajfa-4132	19	5	not	not	PART
ajfa-4132	19	6	rely	rely	VERB
ajfa-4132	19	7	on	on	ADP
ajfa-4132	19	8	firm	firm	NOUN
ajfa-4132	19	9	's	's	PART
ajfa-4132	19	10	information	information	NOUN
ajfa-4132	19	11	that	that	SCONJ
ajfa-4132	19	12	consequences	consequence	NOUN
ajfa-4132	19	13	of	of	ADP
ajfa-4132	19	14	such	such	ADJ
ajfa-4132	19	15	procedure	procedure	NOUN
ajfa-4132	19	16	leads	lead	VERB
ajfa-4132	19	17	to	to	ADP
ajfa-4132	19	18	a	a	DET
ajfa-4132	19	19	negative	negative	ADJ
ajfa-4132	19	20	market	market	NOUN
ajfa-4132	19	21	reaction	reaction	NOUN
ajfa-4132	19	22	in	in	ADP
ajfa-4132	19	23	relation	relation	NOUN
ajfa-4132	19	24	to	to	ADP
ajfa-4132	19	25	poor	poor	ADJ
ajfa-4132	19	26	information	information	NOUN
ajfa-4132	19	27	quality	quality	NOUN
ajfa-4132	19	28	.	.	PUNCT
ajfa-4132	20	1	in	in	ADP
ajfa-4132	20	2	this	this	DET
ajfa-4132	20	3	study	study	NOUN
ajfa-4132	20	4	,	,	PUNCT
ajfa-4132	20	5	stock	stock	NOUN
ajfa-4132	20	6	price	price	NOUN
ajfa-4132	20	7	synchronicity	synchronicity	NOUN
ajfa-4132	20	8	reflects	reflect	VERB
ajfa-4132	20	9	the	the	DET
ajfa-4132	20	10	contact	contact	NOUN
ajfa-4132	20	11	of	of	ADP
ajfa-4132	20	12	company	company	NOUN
ajfa-4132	20	13	information	information	NOUN
ajfa-4132	20	14	(	(	PUNCT
ajfa-4132	20	15	audited	audit	VERB
ajfa-4132	20	16	financial	financial	ADJ
ajfa-4132	20	17	statements	statement	NOUN
ajfa-4132	20	18	)	)	PUNCT
ajfa-4132	20	19	with	with	ADP
ajfa-4132	20	20	stock	stock	NOUN
ajfa-4132	20	21	price	price	NOUN
ajfa-4132	20	22	which	which	PRON
ajfa-4132	20	23	considering	consider	VERB
ajfa-4132	20	24	as	as	ADP
ajfa-4132	20	25	a	a	DET
ajfa-4132	20	26	benchmark	benchmark	NOUN
ajfa-4132	20	27	of	of	ADP
ajfa-4132	20	28	market	market	NOUN
ajfa-4132	20	29	reaction	reaction	NOUN
ajfa-4132	20	30	.	.	PUNCT
ajfa-4132	21	1	whatever	whatever	DET
ajfa-4132	21	2	stock	stock	NOUN
ajfa-4132	21	3	price	price	NOUN
ajfa-4132	21	4	synchronicity	synchronicity	NOUN
ajfa-4132	21	5	is	be	AUX
ajfa-4132	21	6	increased	increase	VERB
ajfa-4132	21	7	,	,	PUNCT
ajfa-4132	21	8	the	the	DET
ajfa-4132	21	9	association	association	NOUN
ajfa-4132	21	10	between	between	ADP
ajfa-4132	21	11	company	company	NOUN
ajfa-4132	21	12	information	information	NOUN
ajfa-4132	21	13	and	and	CCONJ
ajfa-4132	21	14	stock	stock	NOUN
ajfa-4132	21	15	price	price	NOUN
ajfa-4132	21	16	is	be	AUX
ajfa-4132	21	17	decreased	decrease	VERB
ajfa-4132	21	18	and	and	CCONJ
ajfa-4132	21	19	leads	lead	VERB
ajfa-4132	21	20	to	to	ADP
ajfa-4132	21	21	a	a	DET
ajfa-4132	21	22	negative	negative	ADJ
ajfa-4132	21	23	reaction	reaction	NOUN
ajfa-4132	21	24	of	of	ADP
ajfa-4132	21	25	stock	stock	NOUN
ajfa-4132	21	26	market	market	NOUN
ajfa-4132	21	27	.	.	PUNCT
ajfa-4132	22	1	conversely	conversely	ADV
ajfa-4132	22	2	,	,	PUNCT
ajfa-4132	22	3	with	with	ADP
ajfa-4132	22	4	lower	low	ADJ
ajfa-4132	22	5	stock	stock	NOUN
ajfa-4132	22	6	price	price	NOUN
ajfa-4132	22	7	synchronicity	synchronicity	NOUN
ajfa-4132	22	8	,	,	PUNCT
ajfa-4132	22	9	relationship	relationship	NOUN
ajfa-4132	22	10	between	between	ADP
ajfa-4132	22	11	company	company	NOUN
ajfa-4132	22	12	information	information	NOUN
ajfa-4132	22	13	and	and	CCONJ
ajfa-4132	22	14	stock	stock	NOUN
ajfa-4132	22	15	price	price	NOUN
ajfa-4132	22	16	increases	increase	NOUN
ajfa-4132	22	17	and	and	CCONJ
ajfa-4132	22	18	hence	hence	ADV
ajfa-4132	22	19	market	market	NOUN
ajfa-4132	22	20	reaction	reaction	NOUN
ajfa-4132	22	21	come	come	VERB
ajfa-4132	22	22	to	to	PART
ajfa-4132	22	23	be	be	AUX
ajfa-4132	22	24	positive	positive	ADJ
ajfa-4132	22	25	.	.	PUNCT
ajfa-4132	23	1	this	this	DET
ajfa-4132	23	2	study	study	NOUN
ajfa-4132	23	3	is	be	AUX
ajfa-4132	23	4	to	to	PART
ajfa-4132	23	5	examine	examine	VERB
ajfa-4132	23	6	whether	whether	SCONJ
ajfa-4132	23	7	investors	investor	NOUN
ajfa-4132	23	8	perception	perception	NOUN
ajfa-4132	23	9	of	of	ADP
ajfa-4132	23	10	an	an	DET
ajfa-4132	23	11	auditor	auditor	NOUN
ajfa-4132	23	12	's	's	PART
ajfa-4132	23	13	independence	independence	NOUN
ajfa-4132	23	14	incentives	incentive	NOUN
ajfa-4132	23	15	affects	affect	VERB
ajfa-4132	23	16	the	the	DET
ajfa-4132	23	17	incorporation	incorporation	NOUN
ajfa-4132	23	18	of	of	ADP
ajfa-4132	23	19	firm	firm	ADJ
ajfa-4132	23	20	-	-	PUNCT
ajfa-4132	23	21	specific	specific	ADJ
ajfa-4132	23	22	information	information	NOUN
ajfa-4132	23	23	into	into	ADP
ajfa-4132	23	24	its	its	PRON
ajfa-4132	23	25	clients	client	NOUN
ajfa-4132	23	26	stock	stock	NOUN
ajfa-4132	23	27	prices	price	NOUN
ajfa-4132	23	28	through	through	ADP
ajfa-4132	23	29	two	two	NUM
ajfa-4132	23	30	methods	method	NOUN
ajfa-4132	23	31	.	.	PUNCT
ajfa-4132	24	1	one	one	NUM
ajfa-4132	24	2	very	very	ADV
ajfa-4132	24	3	likely	likely	ADJ
ajfa-4132	24	4	method	method	NOUN
ajfa-4132	24	5	using	use	VERB
ajfa-4132	24	6	which	which	DET
ajfa-4132	24	7	auditor	auditor	NOUN
ajfa-4132	24	8	independence	independence	NOUN
ajfa-4132	24	9	impacts	impact	VERB
ajfa-4132	24	10	stock	stock	NOUN
ajfa-4132	24	11	price	price	NOUN
ajfa-4132	24	12	synchronicity	synchronicity	NOUN
ajfa-4132	24	13	is	be	AUX
ajfa-4132	24	14	the	the	DET
ajfa-4132	24	15	quality	quality	NOUN
ajfa-4132	24	16	of	of	ADP
ajfa-4132	24	17	audited	audit	VERB
ajfa-4132	24	18	earnings	earning	NOUN
ajfa-4132	24	19	.	.	PUNCT
ajfa-4132	25	1	higher	high	ADJ
ajfa-4132	25	2	(	(	PUNCT
ajfa-4132	25	3	lower	low	ADJ
ajfa-4132	25	4	)	)	PUNCT
ajfa-4132	25	5	earnings	earning	NOUN
ajfa-4132	25	6	quality	quality	NOUN
ajfa-4132	25	7	is	be	AUX
ajfa-4132	25	8	associated	associate	VERB
ajfa-4132	25	9	with	with	ADP
ajfa-4132	25	10	lower	low	ADJ
ajfa-4132	25	11	(	(	PUNCT
ajfa-4132	25	12	higher	high	ADJ
ajfa-4132	25	13	)	)	PUNCT
ajfa-4132	25	14	stock	stock	NOUN
ajfa-4132	25	15	price	price	NOUN
ajfa-4132	25	16	synchronicity	synchronicity	NOUN
ajfa-4132	25	17	.	.	PUNCT
ajfa-4132	26	1	it	it	PRON
ajfa-4132	26	2	is	be	AUX
ajfa-4132	26	3	consistent	consistent	ADJ
ajfa-4132	26	4	with	with	ADP
ajfa-4132	26	5	that	that	DET
ajfa-4132	26	6	high	high	ADJ
ajfa-4132	26	7	quality	quality	NOUN
ajfa-4132	26	8	public	public	ADJ
ajfa-4132	26	9	information	information	NOUN
ajfa-4132	26	10	could	could	AUX
ajfa-4132	26	11	lead	lead	VERB
ajfa-4132	26	12	to	to	ADP
ajfa-4132	26	13	lower	low	ADJ
ajfa-4132	26	14	cost	cost	NOUN
ajfa-4132	26	15	of	of	ADP
ajfa-4132	26	16	private	private	ADJ
ajfa-4132	26	17	information	information	NOUN
ajfa-4132	26	18	(	(	PUNCT
ajfa-4132	26	19	grossman	grossman	PROPN
ajfa-4132	26	20	&	&	CCONJ
ajfa-4132	26	21	stiglitz	stiglitz	PROPN
ajfa-4132	26	22	,	,	PUNCT
ajfa-4132	26	23	1980	1980	NUM
ajfa-4132	26	24	)	)	PUNCT
ajfa-4132	26	25	.	.	PUNCT
ajfa-4132	27	1	thus	thus	ADV
ajfa-4132	27	2	high	high	ADJ
ajfa-4132	27	3	quality	quality	NOUN
ajfa-4132	27	4	public	public	ADJ
ajfa-4132	27	5	information	information	NOUN
ajfa-4132	27	6	would	would	AUX
ajfa-4132	27	7	encourage	encourage	VERB
ajfa-4132	27	8	informed	informed	ADJ
ajfa-4132	27	9	investors	investor	NOUN
ajfa-4132	27	10	to	to	PART
ajfa-4132	27	11	collect	collect	VERB
ajfa-4132	27	12	private	private	ADJ
ajfa-4132	27	13	information	information	NOUN
ajfa-4132	27	14	and/or	and/or	CCONJ
ajfa-4132	27	15	would	would	AUX
ajfa-4132	27	16	encourage	encourage	VERB
ajfa-4132	27	17	market	market	NOUN
ajfa-4132	27	18	intermediaries	intermediary	NOUN
ajfa-4132	27	19	to	to	PART
ajfa-4132	27	20	process	process	VERB
ajfa-4132	27	21	public	public	ADJ
ajfa-4132	27	22	available	available	ADJ
ajfa-4132	27	23	information	information	NOUN
ajfa-4132	27	24	into	into	ADP
ajfa-4132	27	25	value	value	NOUN
ajfa-4132	27	26	-	-	PUNCT
ajfa-4132	27	27	relevant	relevant	ADJ
ajfa-4132	27	28	private	private	ADJ
ajfa-4132	27	29	information	information	NOUN
ajfa-4132	27	30	.	.	PUNCT
ajfa-4132	28	1	as	as	ADP
ajfa-4132	28	2	a	a	DET
ajfa-4132	28	3	consequence	consequence	NOUN
ajfa-4132	28	4	of	of	ADP
ajfa-4132	28	5	more	more	ADV
ajfa-4132	28	6	informed	informed	ADJ
ajfa-4132	28	7	trading	trading	NOUN
ajfa-4132	28	8	,	,	PUNCT
ajfa-4132	28	9	stock	stock	NOUN
ajfa-4132	28	10	price	price	NOUN
ajfa-4132	28	11	are	be	AUX
ajfa-4132	28	12	more	more	ADV
ajfa-4132	28	13	informed	informed	ADJ
ajfa-4132	28	14	.	.	PUNCT
ajfa-4132	29	1	also	also	ADV
ajfa-4132	29	2	,	,	PUNCT
ajfa-4132	29	3	kim	kim	PROPN
ajfa-4132	29	4	and	and	CCONJ
ajfa-4132	29	5	verrecchia	verrecchia	PROPN
ajfa-4132	29	6	(	(	PUNCT
ajfa-4132	29	7	1994	1994	NUM
ajfa-4132	29	8	)	)	PUNCT
ajfa-4132	29	9	support	support	VERB
ajfa-4132	29	10	the	the	DET
ajfa-4132	29	11	view	view	NOUN
ajfa-4132	29	12	that	that	SCONJ
ajfa-4132	29	13	high	high	ADJ
ajfa-4132	29	14	quality	quality	NOUN
ajfa-4132	29	15	public	public	ADJ
ajfa-4132	29	16	disclosure	disclosure	NOUN
ajfa-4132	29	17	can	can	AUX
ajfa-4132	29	18	lead	lead	VERB
ajfa-4132	29	19	to	to	ADP
ajfa-4132	29	20	an	an	DET
ajfa-4132	29	21	increase	increase	NOUN
ajfa-4132	29	22	in	in	ADP
ajfa-4132	29	23	trading	trading	NOUN
ajfa-4132	29	24	and	and	CCONJ
ajfa-4132	29	25	more	more	ADJ
ajfa-4132	29	26	information	information	NOUN
ajfa-4132	29	27	incorporated	incorporate	VERB
ajfa-4132	29	28	into	into	ADP
ajfa-4132	29	29	stock	stock	NOUN
ajfa-4132	29	30	prices	price	NOUN
ajfa-4132	29	31	.	.	PUNCT
ajfa-4132	30	1	they	they	PRON
ajfa-4132	30	2	argue	argue	VERB
ajfa-4132	30	3	that	that	SCONJ
ajfa-4132	30	4	information	information	NOUN
ajfa-4132	30	5	provided	provide	VERB
ajfa-4132	30	6	from	from	ADP
ajfa-4132	30	7	public	public	ADJ
ajfa-4132	30	8	disclosure	disclosure	NOUN
ajfa-4132	30	9	may	may	AUX
ajfa-4132	30	10	lead	lead	VERB
ajfa-4132	30	11	to	to	ADP
ajfa-4132	30	12	different	different	ADJ
ajfa-4132	30	13	interpretation	interpretation	NOUN
ajfa-4132	30	14	of	of	ADP
ajfa-4132	30	15	a	a	DET
ajfa-4132	30	16	firm	firm	NOUN
ajfa-4132	30	17	's	's	PART
ajfa-4132	30	18	performance	performance	NOUN
ajfa-4132	30	19	.	.	PUNCT
ajfa-4132	31	1	thus	thus	ADV
ajfa-4132	31	2	,	,	PUNCT
ajfa-4132	31	3	market	market	NOUN
ajfa-4132	31	4	participants	participant	NOUN
ajfa-4132	31	5	with	with	ADP
ajfa-4132	31	6	informed	informed	ADJ
ajfa-4132	31	7	judgments	judgment	NOUN
ajfa-4132	31	8	or	or	CCONJ
ajfa-4132	31	9	opinions	opinion	NOUN
ajfa-4132	31	10	about	about	ADP
ajfa-4132	31	11	a	a	DET
ajfa-4132	31	12	firm	firm	NOUN
ajfa-4132	31	13	's	's	PART
ajfa-4132	31	14	performance	performance	NOUN
ajfa-4132	31	15	are	be	AUX
ajfa-4132	31	16	willing	willing	ADJ
ajfa-4132	31	17	to	to	PART
ajfa-4132	31	18	bear	bear	VERB
ajfa-4132	31	19	the	the	DET
ajfa-4132	31	20	cost	cost	NOUN
ajfa-4132	31	21	for	for	ADP
ajfa-4132	31	22	engaging	engage	VERB
ajfa-4132	31	23	in	in	ADP
ajfa-4132	31	24	trading	trading	NOUN
ajfa-4132	31	25	on	on	ADP
ajfa-4132	31	26	their	their	PRON
ajfa-4132	31	27	judgment	judgment	NOUN
ajfa-4132	31	28	.	.	PUNCT
ajfa-4132	32	1	the	the	DET
ajfa-4132	32	2	trading	trading	NOUN
ajfa-4132	32	3	activities	activity	NOUN
ajfa-4132	32	4	incorporate	incorporate	VERB
ajfa-4132	32	5	firm	firm	ADJ
ajfa-4132	32	6	-	-	PUNCT
ajfa-4132	32	7	specific	specific	ADJ
ajfa-4132	32	8	information	information	NOUN
ajfa-4132	32	9	into	into	ADP
ajfa-4132	32	10	stock	stock	NOUN
ajfa-4132	32	11	prices	price	NOUN
ajfa-4132	32	12	.	.	PUNCT
ajfa-4132	33	1	that	that	PRON
ajfa-4132	33	2	is	be	AUX
ajfa-4132	33	3	,	,	PUNCT
ajfa-4132	33	4	in	in	ADP
ajfa-4132	33	5	a	a	DET
ajfa-4132	33	6	market	market	NOUN
ajfa-4132	33	7	with	with	ADP
ajfa-4132	33	8	many	many	ADJ
ajfa-4132	33	9	risky	risky	ADJ
ajfa-4132	33	10	asian	asian	ADJ
ajfa-4132	33	11	journal	journal	NOUN
ajfa-4132	33	12	of	of	ADP
ajfa-4132	33	13	finance	finance	PROPN
ajfa-4132	33	14	&	&	CCONJ
ajfa-4132	33	15	accounting	accounting	PROPN
ajfa-4132	33	16	issn	issn	PROPN
ajfa-4132	33	17	1946	1946	NUM
ajfa-4132	33	18	-	-	PUNCT
ajfa-4132	33	19	052x	052x	NOUN
ajfa-4132	33	20	2013	2013	NUM
ajfa-4132	33	21	,	,	PUNCT
ajfa-4132	33	22	vol	vol	NOUN
ajfa-4132	33	23	.	.	PROPN
ajfa-4132	33	24	5	5	NUM
ajfa-4132	33	25	,	,	PUNCT
ajfa-4132	33	26	no	no	INTJ
ajfa-4132	33	27	.	.	NOUN
ajfa-4132	33	28	2	2	NUM
ajfa-4132	33	29	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4132	33	30	246	246	NUM
ajfa-4132	33	31	stock	stock	NOUN
ajfa-4132	33	32	,	,	PUNCT
ajfa-4132	33	33	during	during	ADP
ajfa-4132	33	34	any	any	DET
ajfa-4132	33	35	given	give	VERB
ajfa-4132	33	36	time	time	NOUN
ajfa-4132	33	37	interval	interval	NOUN
ajfa-4132	33	38	,	,	PUNCT
ajfa-4132	33	39	information	information	NOUN
ajfa-4132	33	40	about	about	ADP
ajfa-4132	33	41	the	the	DET
ajfa-4132	33	42	fundamental	fundamental	ADJ
ajfa-4132	33	43	values	value	NOUN
ajfa-4132	33	44	of	of	ADP
ajfa-4132	33	45	some	some	DET
ajfa-4132	33	46	firms	firm	NOUN
ajfa-4132	33	47	might	might	AUX
ajfa-4132	33	48	be	be	AUX
ajfa-4132	33	49	cheap	cheap	ADJ
ajfa-4132	33	50	,	,	PUNCT
ajfa-4132	33	51	while	while	SCONJ
ajfa-4132	33	52	information	information	NOUN
ajfa-4132	33	53	about	about	ADP
ajfa-4132	33	54	the	the	DET
ajfa-4132	33	55	fundamental	fundamental	ADJ
ajfa-4132	33	56	values	value	NOUN
ajfa-4132	33	57	of	of	ADP
ajfa-4132	33	58	some	some	DET
ajfa-4132	33	59	firms	firm	NOUN
ajfa-4132	33	60	might	might	AUX
ajfa-4132	33	61	be	be	AUX
ajfa-4132	33	62	dear	dear	ADJ
ajfa-4132	33	63	.	.	PUNCT
ajfa-4132	34	1	trader	trader	NOUN
ajfa-4132	34	2	,	,	PUNCT
ajfa-4132	34	3	ceteris	ceteris	NOUN
ajfa-4132	34	4	paribus	paribus	NOUN
ajfa-4132	34	5	,	,	PUNCT
ajfa-4132	34	6	obtains	obtain	VERB
ajfa-4132	34	7	more	more	ADJ
ajfa-4132	34	8	private	private	ADJ
ajfa-4132	34	9	information	information	NOUN
ajfa-4132	34	10	about	about	ADP
ajfa-4132	34	11	the	the	DET
ajfa-4132	34	12	former	former	ADJ
ajfa-4132	34	13	and	and	CCONJ
ajfa-4132	34	14	less	less	ADJ
ajfa-4132	34	15	about	about	ADP
ajfa-4132	34	16	the	the	DET
ajfa-4132	34	17	latter	latter	ADJ
ajfa-4132	34	18	.	.	PUNCT
ajfa-4132	35	1	consequently	consequently	ADV
ajfa-4132	35	2	,	,	PUNCT
ajfa-4132	35	3	the	the	DET
ajfa-4132	35	4	stock	stock	NOUN
ajfa-4132	35	5	price	price	NOUN
ajfa-4132	35	6	of	of	ADP
ajfa-4132	35	7	the	the	DET
ajfa-4132	35	8	former	former	ADJ
ajfa-4132	35	9	,	,	PUNCT
ajfa-4132	35	10	moving	move	VERB
ajfa-4132	35	11	in	in	ADP
ajfa-4132	35	12	response	response	NOUN
ajfa-4132	35	13	to	to	ADP
ajfa-4132	35	14	informed	informed	ADJ
ajfa-4132	35	15	trading	trading	NOUN
ajfa-4132	35	16	,	,	PUNCT
ajfa-4132	35	17	are	be	AUX
ajfa-4132	35	18	both	both	PRON
ajfa-4132	35	19	more	more	ADV
ajfa-4132	35	20	active	active	ADJ
ajfa-4132	35	21	and	and	CCONJ
ajfa-4132	35	22	more	more	ADV
ajfa-4132	35	23	informative	informative	ADJ
ajfa-4132	35	24	than	than	ADP
ajfa-4132	35	25	the	the	DET
ajfa-4132	35	26	stock	stock	NOUN
ajfa-4132	35	27	prices	price	NOUN
ajfa-4132	35	28	of	of	ADP
ajfa-4132	35	29	the	the	DET
ajfa-4132	35	30	latter	latter	ADJ
ajfa-4132	35	31	(	(	PUNCT
ajfa-4132	35	32	art	art	NOUN
ajfa-4132	35	33	durnev	durnev	NOUN
ajfa-4132	35	34	,	,	PUNCT
ajfa-4132	35	35	morck	morck	PROPN
ajfa-4132	35	36	,	,	PUNCT
ajfa-4132	35	37	&	&	CCONJ
ajfa-4132	35	38	yeung	yeung	PROPN
ajfa-4132	35	39	,	,	PUNCT
ajfa-4132	35	40	2004	2004	NUM
ajfa-4132	35	41	)	)	PUNCT
ajfa-4132	35	42	.	.	PUNCT
ajfa-4132	36	1	another	another	DET
ajfa-4132	36	2	method	method	NOUN
ajfa-4132	36	3	through	through	ADP
ajfa-4132	36	4	which	which	PRON
ajfa-4132	36	5	auditor	auditor	NOUN
ajfa-4132	36	6	independence	independence	NOUN
ajfa-4132	36	7	affects	affect	VERB
ajfa-4132	36	8	price	price	NOUN
ajfa-4132	36	9	synchronicity	synchronicity	NOUN
ajfa-4132	36	10	is	be	AUX
ajfa-4132	36	11	that	that	SCONJ
ajfa-4132	36	12	auditor	auditor	NOUN
ajfa-4132	36	13	independence	independence	NOUN
ajfa-4132	36	14	affects	affect	VERB
ajfa-4132	36	15	client	client	NOUN
ajfa-4132	36	16	firm	firm	NOUN
ajfa-4132	36	17	's	's	PART
ajfa-4132	36	18	transparency	transparency	NOUN
ajfa-4132	36	19	.	.	PUNCT
ajfa-4132	37	1	as	as	SCONJ
ajfa-4132	37	2	argued	argue	VERB
ajfa-4132	37	3	by	by	ADP
ajfa-4132	37	4	jin	jin	NOUN
ajfa-4132	37	5	and	and	CCONJ
ajfa-4132	37	6	myers	myers	PROPN
ajfa-4132	37	7	(	(	PUNCT
ajfa-4132	37	8	2006	2006	NUM
ajfa-4132	37	9	)	)	PUNCT
ajfa-4132	37	10	,	,	PUNCT
ajfa-4132	37	11	hiring	hire	VERB
ajfa-4132	37	12	a	a	DET
ajfa-4132	37	13	credible	credible	ADJ
ajfa-4132	37	14	auditing	auditing	NOUN
ajfa-4132	37	15	team	team	NOUN
ajfa-4132	37	16	might	might	AUX
ajfa-4132	37	17	be	be	AUX
ajfa-4132	37	18	a	a	DET
ajfa-4132	37	19	pre	pre	NOUN
ajfa-4132	37	20	-	-	NOUN
ajfa-4132	37	21	commitment	commitment	NOUN
ajfa-4132	37	22	to	to	PART
ajfa-4132	37	23	convey	convey	VERB
ajfa-4132	37	24	inside	inside	ADJ
ajfa-4132	37	25	information	information	NOUN
ajfa-4132	37	26	because	because	SCONJ
ajfa-4132	37	27	;	;	PUNCT
ajfa-4132	37	28	credible	credible	ADJ
ajfa-4132	37	29	auditing	auditing	NOUN
ajfa-4132	37	30	may	may	AUX
ajfa-4132	37	31	also	also	ADV
ajfa-4132	37	32	enhance	enhance	VERB
ajfa-4132	37	33	investors	investor	NOUN
ajfa-4132	37	34	property	property	NOUN
ajfa-4132	37	35	right	right	ADV
ajfa-4132	37	36	by	by	ADP
ajfa-4132	37	37	reducing	reduce	VERB
ajfa-4132	37	38	costs	cost	NOUN
ajfa-4132	37	39	of	of	ADP
ajfa-4132	37	40	monitoring	monitor	VERB
ajfa-4132	37	41	and	and	CCONJ
ajfa-4132	37	42	controlling	control	VERB
ajfa-4132	37	43	the	the	DET
ajfa-4132	37	44	firm	firm	NOUN
ajfa-4132	37	45	.	.	PUNCT
ajfa-4132	38	1	jin	jin	PROPN
ajfa-4132	38	2	and	and	CCONJ
ajfa-4132	38	3	myers	myers	PROPN
ajfa-4132	38	4	(	(	PUNCT
ajfa-4132	38	5	2006	2006	NUM
ajfa-4132	38	6	)	)	PUNCT
ajfa-4132	38	7	develop	develop	VERB
ajfa-4132	38	8	an	an	DET
ajfa-4132	38	9	analytical	analytical	ADJ
ajfa-4132	38	10	model	model	NOUN
ajfa-4132	38	11	to	to	PART
ajfa-4132	38	12	link	link	VERB
ajfa-4132	38	13	firm	firm	ADJ
ajfa-4132	38	14	opaqueness	opaqueness	NOUN
ajfa-4132	38	15	(	(	PUNCT
ajfa-4132	38	16	i.e.	i.e.	X
ajfa-4132	38	17	lack	lack	NOUN
ajfa-4132	38	18	of	of	ADP
ajfa-4132	38	19	transparency	transparency	NOUN
ajfa-4132	38	20	)	)	PUNCT
ajfa-4132	38	21	and	and	CCONJ
ajfa-4132	38	22	stock	stock	NOUN
ajfa-4132	38	23	price	price	NOUN
ajfa-4132	38	24	synchronicity	synchronicity	NOUN
ajfa-4132	38	25	.	.	PUNCT
ajfa-4132	39	1	their	their	PRON
ajfa-4132	39	2	analytical	analytical	ADJ
ajfa-4132	39	3	model	model	NOUN
ajfa-4132	39	4	assumes	assume	VERB
ajfa-4132	39	5	that	that	SCONJ
ajfa-4132	39	6	insiders	insider	NOUN
ajfa-4132	39	7	(	(	PUNCT
ajfa-4132	39	8	e.g.	e.g.	ADV
ajfa-4132	39	9	managers	manager	NOUN
ajfa-4132	39	10	)	)	PUNCT
ajfa-4132	39	11	observe	observe	VERB
ajfa-4132	39	12	more	more	ADJ
ajfa-4132	39	13	about	about	ADP
ajfa-4132	39	14	the	the	DET
ajfa-4132	39	15	firm	firm	ADJ
ajfa-4132	39	16	-	-	PUNCT
ajfa-4132	39	17	specific	specific	ADJ
ajfa-4132	39	18	information	information	NOUN
ajfa-4132	39	19	than	than	ADP
ajfa-4132	39	20	outside	outside	ADJ
ajfa-4132	39	21	investors	investor	NOUN
ajfa-4132	39	22	,	,	PUNCT
ajfa-4132	39	23	which	which	PRON
ajfa-4132	39	24	results	result	VERB
ajfa-4132	39	25	in	in	ADP
ajfa-4132	39	26	the	the	DET
ajfa-4132	39	27	information	information	NOUN
ajfa-4132	39	28	asymmetry	asymmetry	NOUN
ajfa-4132	39	29	between	between	ADP
ajfa-4132	39	30	insiders	insider	NOUN
ajfa-4132	39	31	and	and	CCONJ
ajfa-4132	39	32	outsider	outsider	NOUN
ajfa-4132	39	33	.	.	PUNCT
ajfa-4132	40	1	this	this	DET
ajfa-4132	40	2	information	information	NOUN
ajfa-4132	40	3	asymmetry	asymmetry	NOUN
ajfa-4132	40	4	(	(	PUNCT
ajfa-4132	40	5	i.e.	i.e.	X
ajfa-4132	40	6	lack	lack	NOUN
ajfa-4132	40	7	of	of	ADP
ajfa-4132	40	8	complete	complete	ADJ
ajfa-4132	40	9	transparency	transparency	NOUN
ajfa-4132	40	10	)	)	PUNCT
ajfa-4132	40	11	enables	enable	VERB
ajfa-4132	40	12	insider	insider	NOUN
ajfa-4132	40	13	to	to	PART
ajfa-4132	40	14	capture	capture	VERB
ajfa-4132	40	15	more	more	ADJ
ajfa-4132	40	16	(	(	PUNCT
ajfa-4132	40	17	less	less	ADJ
ajfa-4132	40	18	)	)	PUNCT
ajfa-4132	40	19	cash	cash	NOUN
ajfa-4132	40	20	flows	flow	NOUN
ajfa-4132	40	21	if	if	SCONJ
ajfa-4132	40	22	the	the	DET
ajfa-4132	40	23	hidden	hide	VERB
ajfa-4132	40	24	firm	firm	ADJ
ajfa-4132	40	25	-	-	PUNCT
ajfa-4132	40	26	specific	specific	ADJ
ajfa-4132	40	27	information	information	NOUN
ajfa-4132	40	28	is	be	AUX
ajfa-4132	40	29	positive	positive	ADJ
ajfa-4132	40	30	(	(	PUNCT
ajfa-4132	40	31	negative	negative	ADJ
ajfa-4132	40	32	)	)	PUNCT
ajfa-4132	40	33	.	.	PUNCT
ajfa-4132	41	1	that	that	PRON
ajfa-4132	41	2	is	be	AUX
ajfa-4132	41	3	,	,	PUNCT
ajfa-4132	41	4	insiders	insider	NOUN
ajfa-4132	41	5	are	be	AUX
ajfa-4132	41	6	required	require	VERB
ajfa-4132	41	7	to	to	PART
ajfa-4132	41	8	absorb	absorb	VERB
ajfa-4132	41	9	firm	firm	ADJ
ajfa-4132	41	10	-	-	PUNCT
ajfa-4132	41	11	specific	specific	ADJ
ajfa-4132	41	12	risk	risk	NOUN
ajfa-4132	41	13	and	and	CCONJ
ajfa-4132	41	14	this	this	PRON
ajfa-4132	41	15	leads	lead	VERB
ajfa-4132	41	16	to	to	ADP
ajfa-4132	41	17	lower	low	ADJ
ajfa-4132	41	18	firm	firm	ADJ
ajfa-4132	41	19	-	-	PUNCT
ajfa-4132	41	20	specific	specific	ADJ
ajfa-4132	41	21	risk	risk	NOUN
ajfa-4132	41	22	absorbed	absorb	VERB
ajfa-4132	41	23	by	by	ADP
ajfa-4132	41	24	investors	investor	NOUN
ajfa-4132	41	25	.	.	PUNCT
ajfa-4132	42	1	the	the	DET
ajfa-4132	42	2	lower	low	ADJ
ajfa-4132	42	3	firm	firm	ADJ
ajfa-4132	42	4	-	-	PUNCT
ajfa-4132	42	5	specific	specific	ADJ
ajfa-4132	42	6	risk	risk	NOUN
ajfa-4132	42	7	shared	share	VERB
ajfa-4132	42	8	by	by	ADP
ajfa-4132	42	9	investors	investor	NOUN
ajfa-4132	42	10	due	due	ADP
ajfa-4132	42	11	to	to	ADP
ajfa-4132	42	12	the	the	DET
ajfa-4132	42	13	lack	lack	NOUN
ajfa-4132	42	14	of	of	ADP
ajfa-4132	42	15	transparency	transparency	NOUN
ajfa-4132	42	16	increases	increase	VERB
ajfa-4132	42	17	the	the	DET
ajfa-4132	42	18	ratio	ratio	NOUN
ajfa-4132	42	19	of	of	ADP
ajfa-4132	42	20	market	market	NOUN
ajfa-4132	42	21	to	to	ADP
ajfa-4132	42	22	total	total	ADJ
ajfa-4132	42	23	risk	risk	NOUN
ajfa-4132	42	24	,	,	PUNCT
ajfa-4132	42	25	which	which	PRON
ajfa-4132	42	26	means	mean	VERB
ajfa-4132	42	27	that	that	SCONJ
ajfa-4132	42	28	stock	stock	NOUN
ajfa-4132	42	29	prices	price	NOUN
ajfa-4132	42	30	move	move	VERB
ajfa-4132	42	31	in	in	ADP
ajfa-4132	42	32	a	a	DET
ajfa-4132	42	33	more	more	ADV
ajfa-4132	42	34	synchronized	synchronize	VERB
ajfa-4132	42	35	manner	manner	NOUN
ajfa-4132	42	36	with	with	ADP
ajfa-4132	42	37	the	the	DET
ajfa-4132	42	38	market	market	NOUN
ajfa-4132	42	39	,	,	PUNCT
ajfa-4132	42	40	i.e.	i.e.	X
ajfa-4132	42	41	stick	stick	NOUN
ajfa-4132	42	42	price	price	NOUN
ajfa-4132	42	43	synchronicity	synchronicity	NOUN
ajfa-4132	42	44	.	.	PUNCT
ajfa-4132	43	1	thus	thus	ADV
ajfa-4132	43	2	,	,	PUNCT
ajfa-4132	43	3	market	market	NOUN
ajfa-4132	43	4	perception	perception	NOUN
ajfa-4132	43	5	of	of	ADP
ajfa-4132	43	6	auditor	auditor	NOUN
ajfa-4132	43	7	independence	independence	NOUN
ajfa-4132	43	8	affects	affect	VERB
ajfa-4132	43	9	the	the	DET
ajfa-4132	43	10	stock	stock	NOUN
ajfa-4132	43	11	price	price	NOUN
ajfa-4132	43	12	synchronicity	synchronicity	NOUN
ajfa-4132	43	13	through	through	ADP
ajfa-4132	43	14	the	the	DET
ajfa-4132	43	15	methods	method	NOUN
ajfa-4132	43	16	of	of	ADP
ajfa-4132	43	17	quality	quality	NOUN
ajfa-4132	43	18	of	of	ADP
ajfa-4132	43	19	audited	audit	VERB
ajfa-4132	43	20	earnings	earning	NOUN
ajfa-4132	43	21	and	and	CCONJ
ajfa-4132	43	22	transparency	transparency	NOUN
ajfa-4132	43	23	.	.	PUNCT
ajfa-4132	44	1	by	by	ADP
ajfa-4132	44	2	using	use	VERB
ajfa-4132	44	3	the	the	DET
ajfa-4132	44	4	relationship	relationship	NOUN
ajfa-4132	44	5	between	between	ADP
ajfa-4132	44	6	abnormal	abnormal	ADJ
ajfa-4132	44	7	audit	audit	NOUN
ajfa-4132	44	8	fees	fee	NOUN
ajfa-4132	44	9	and	and	CCONJ
ajfa-4132	44	10	auditor	auditor	NOUN
ajfa-4132	44	11	independence	independence	NOUN
ajfa-4132	44	12	,	,	PUNCT
ajfa-4132	44	13	the	the	DET
ajfa-4132	44	14	question	question	NOUN
ajfa-4132	44	15	that	that	PRON
ajfa-4132	44	16	can	can	AUX
ajfa-4132	44	17	be	be	AUX
ajfa-4132	44	18	begged	beg	VERB
ajfa-4132	44	19	is	be	AUX
ajfa-4132	44	20	that	that	SCONJ
ajfa-4132	44	21	whether	whether	SCONJ
ajfa-4132	44	22	the	the	DET
ajfa-4132	44	23	company	company	NOUN
ajfa-4132	44	24	's	's	PART
ajfa-4132	44	25	information	information	NOUN
ajfa-4132	44	26	will	will	AUX
ajfa-4132	44	27	provide	provide	VERB
ajfa-4132	44	28	a	a	DET
ajfa-4132	44	29	basis	basis	NOUN
ajfa-4132	44	30	for	for	ADP
ajfa-4132	44	31	evaluating	evaluate	VERB
ajfa-4132	44	32	the	the	DET
ajfa-4132	44	33	stock	stock	NOUN
ajfa-4132	44	34	price	price	NOUN
ajfa-4132	44	35	or	or	CCONJ
ajfa-4132	44	36	not	not	PART
ajfa-4132	44	37	.	.	PUNCT
ajfa-4132	45	1	2	2	X
ajfa-4132	45	2	.	.	X
ajfa-4132	45	3	hypothesis	hypothesis	NOUN
ajfa-4132	45	4	development	development	NOUN
ajfa-4132	45	5	if	if	SCONJ
ajfa-4132	45	6	investors	investor	NOUN
ajfa-4132	45	7	realize	realize	VERB
ajfa-4132	45	8	that	that	SCONJ
ajfa-4132	45	9	this	this	DET
ajfa-4132	45	10	abnormal	abnormal	ADJ
ajfa-4132	45	11	audit	audit	NOUN
ajfa-4132	45	12	fees	fee	NOUN
ajfa-4132	45	13	is	be	AUX
ajfa-4132	45	14	the	the	DET
ajfa-4132	45	15	result	result	NOUN
ajfa-4132	45	16	of	of	ADP
ajfa-4132	45	17	auditors	auditor	NOUN
ajfa-4132	45	18	’	'	PUNCT
ajfa-4132	45	19	economic	economic	ADJ
ajfa-4132	45	20	dependence	dependence	NOUN
ajfa-4132	45	21	to	to	ADP
ajfa-4132	45	22	their	their	PRON
ajfa-4132	45	23	employers	employer	NOUN
ajfa-4132	45	24	,	,	PUNCT
ajfa-4132	45	25	auditor	auditor	NOUN
ajfa-4132	45	26	independence	independence	NOUN
ajfa-4132	45	27	is	be	AUX
ajfa-4132	45	28	lost	lose	VERB
ajfa-4132	45	29	and	and	CCONJ
ajfa-4132	45	30	the	the	DET
ajfa-4132	45	31	quality	quality	NOUN
ajfa-4132	45	32	of	of	ADP
ajfa-4132	45	33	financial	financial	ADJ
ajfa-4132	45	34	reporting	reporting	NOUN
ajfa-4132	45	35	is	be	AUX
ajfa-4132	45	36	reduced	reduce	VERB
ajfa-4132	45	37	;	;	PUNCT
ajfa-4132	45	38	therefore	therefore	ADV
ajfa-4132	45	39	,	,	PUNCT
ajfa-4132	45	40	investors	investor	NOUN
ajfa-4132	45	41	do	do	AUX
ajfa-4132	45	42	not	not	PART
ajfa-4132	45	43	be	be	AUX
ajfa-4132	45	44	sure	sure	ADJ
ajfa-4132	45	45	of	of	ADP
ajfa-4132	45	46	company	company	NOUN
ajfa-4132	45	47	information	information	NOUN
ajfa-4132	45	48	.	.	PUNCT
ajfa-4132	46	1	consequently	consequently	ADV
ajfa-4132	46	2	,	,	PUNCT
ajfa-4132	46	3	the	the	DET
ajfa-4132	46	4	company	company	NOUN
ajfa-4132	46	5	’s	’s	PART
ajfa-4132	46	6	information	information	NOUN
ajfa-4132	46	7	can	can	AUX
ajfa-4132	46	8	not	not	PART
ajfa-4132	46	9	support	support	VERB
ajfa-4132	46	10	the	the	DET
ajfa-4132	46	11	company	company	NOUN
ajfa-4132	46	12	's	's	PART
ajfa-4132	46	13	stock	stock	NOUN
ajfa-4132	46	14	price	price	NOUN
ajfa-4132	46	15	in	in	ADP
ajfa-4132	46	16	the	the	DET
ajfa-4132	46	17	market	market	NOUN
ajfa-4132	46	18	.	.	PUNCT
ajfa-4132	47	1	however	however	ADV
ajfa-4132	47	2	,	,	PUNCT
ajfa-4132	47	3	if	if	SCONJ
ajfa-4132	47	4	investors	investor	NOUN
ajfa-4132	47	5	believe	believe	VERB
ajfa-4132	47	6	the	the	DET
ajfa-4132	47	7	abnormal	abnormal	ADJ
ajfa-4132	47	8	audit	audit	NOUN
ajfa-4132	47	9	fee	fee	NOUN
ajfa-4132	47	10	is	be	AUX
ajfa-4132	47	11	due	due	ADJ
ajfa-4132	47	12	to	to	ADP
ajfa-4132	47	13	other	other	ADJ
ajfa-4132	47	14	factors	factor	NOUN
ajfa-4132	47	15	,	,	PUNCT
ajfa-4132	47	16	apart	apart	ADV
ajfa-4132	47	17	from	from	ADP
ajfa-4132	47	18	economic	economic	ADJ
ajfa-4132	47	19	dependence	dependence	NOUN
ajfa-4132	47	20	,	,	PUNCT
ajfa-4132	47	21	and	and	CCONJ
ajfa-4132	47	22	also	also	ADV
ajfa-4132	47	23	they	they	PRON
ajfa-4132	47	24	believe	believe	VERB
ajfa-4132	47	25	that	that	SCONJ
ajfa-4132	47	26	abnormal	abnormal	ADJ
ajfa-4132	47	27	audit	audit	NOUN
ajfa-4132	47	28	fees	fee	NOUN
ajfa-4132	47	29	resulting	result	VERB
ajfa-4132	47	30	from	from	ADP
ajfa-4132	47	31	removing	remove	VERB
ajfa-4132	47	32	their	their	PRON
ajfa-4132	47	33	reputation	reputation	NOUN
ajfa-4132	47	34	and	and	CCONJ
ajfa-4132	47	35	uncertainty	uncertainty	NOUN
ajfa-4132	47	36	assessment	assessment	NOUN
ajfa-4132	47	37	,	,	PUNCT
ajfa-4132	47	38	so	so	SCONJ
ajfa-4132	47	39	it	it	PRON
ajfa-4132	47	40	increases	increase	VERB
ajfa-4132	47	41	their	their	PRON
ajfa-4132	47	42	efforts	effort	NOUN
ajfa-4132	47	43	,	,	PUNCT
ajfa-4132	47	44	they	they	PRON
ajfa-4132	47	45	can	can	AUX
ajfa-4132	47	46	use	use	VERB
ajfa-4132	47	47	company	company	NOUN
ajfa-4132	47	48	’s	’s	PART
ajfa-4132	47	49	information	information	NOUN
ajfa-4132	47	50	to	to	PART
ajfa-4132	47	51	evaluate	evaluate	VERB
ajfa-4132	47	52	the	the	DET
ajfa-4132	47	53	company	company	NOUN
ajfa-4132	47	54	's	's	PART
ajfa-4132	47	55	stock	stock	NOUN
ajfa-4132	47	56	.	.	PUNCT
ajfa-4132	48	1	in	in	ADP
ajfa-4132	48	2	this	this	DET
ajfa-4132	48	3	study	study	NOUN
ajfa-4132	48	4	,	,	PUNCT
ajfa-4132	48	5	based	base	VERB
ajfa-4132	48	6	on	on	ADP
ajfa-4132	48	7	the	the	DET
ajfa-4132	48	8	various	various	ADJ
ajfa-4132	48	9	factors	factor	NOUN
ajfa-4132	48	10	in	in	ADP
ajfa-4132	48	11	the	the	DET
ajfa-4132	48	12	perspective	perspective	NOUN
ajfa-4132	48	13	of	of	ADP
ajfa-4132	48	14	investors	investor	NOUN
ajfa-4132	48	15	in	in	ADP
ajfa-4132	48	16	iran	iran	PROPN
ajfa-4132	48	17	,	,	PUNCT
ajfa-4132	48	18	it	it	PRON
ajfa-4132	48	19	is	be	AUX
ajfa-4132	48	20	expected	expect	VERB
ajfa-4132	48	21	that	that	SCONJ
ajfa-4132	48	22	the	the	DET
ajfa-4132	48	23	increase	increase	NOUN
ajfa-4132	48	24	in	in	ADP
ajfa-4132	48	25	fees	fee	NOUN
ajfa-4132	48	26	consider	consider	VERB
ajfa-4132	48	27	due	due	ADJ
ajfa-4132	48	28	to	to	ADP
ajfa-4132	48	29	extraordinary	extraordinary	ADJ
ajfa-4132	48	30	auditors	auditor	NOUN
ajfa-4132	48	31	’	’	PART
ajfa-4132	48	32	efforts	effort	NOUN
ajfa-4132	48	33	.	.	PUNCT
ajfa-4132	49	1	therefore	therefore	ADV
ajfa-4132	49	2	,	,	PUNCT
ajfa-4132	49	3	the	the	DET
ajfa-4132	49	4	following	follow	VERB
ajfa-4132	49	5	hypotheses	hypothesis	NOUN
ajfa-4132	49	6	are	be	AUX
ajfa-4132	49	7	raised	raise	VERB
ajfa-4132	49	8	:	:	PUNCT
ajfa-4132	49	9	main	main	ADJ
ajfa-4132	49	10	hypothesis	hypothesis	NOUN
ajfa-4132	49	11	:	:	PUNCT
ajfa-4132	49	12	stock	stock	NOUN
ajfa-4132	49	13	market	market	NOUN
ajfa-4132	49	14	against	against	ADP
ajfa-4132	49	15	abnormal	abnormal	ADJ
ajfa-4132	49	16	audit	audit	NOUN
ajfa-4132	49	17	fees	fee	NOUN
ajfa-4132	49	18	reacts	react	NOUN
ajfa-4132	49	19	.	.	PUNCT
ajfa-4132	50	1	hypothesis	hypothesis	NOUN
ajfa-4132	50	2	1	1	NUM
ajfa-4132	50	3	:	:	PUNCT
ajfa-4132	50	4	the	the	DET
ajfa-4132	50	5	market	market	NOUN
ajfa-4132	50	6	share	share	NOUN
ajfa-4132	50	7	against	against	ADP
ajfa-4132	50	8	audit	audit	NOUN
ajfa-4132	50	9	fees	fee	NOUN
ajfa-4132	50	10	with	with	ADP
ajfa-4132	50	11	a	a	DET
ajfa-4132	50	12	positive	positive	ADJ
ajfa-4132	50	13	sign	sign	NOUN
ajfa-4132	50	14	react	react	VERB
ajfa-4132	50	15	positively	positively	ADV
ajfa-4132	50	16	.	.	PUNCT
ajfa-4132	51	1	so	so	ADV
ajfa-4132	51	2	,	,	PUNCT
ajfa-4132	51	3	in	in	ADP
ajfa-4132	51	4	the	the	DET
ajfa-4132	51	5	hypothesis	hypothesis	NOUN
ajfa-4132	51	6	1	1	NUM
ajfa-4132	51	7	,	,	PUNCT
ajfa-4132	51	8	it	it	PRON
ajfa-4132	51	9	is	be	AUX
ajfa-4132	51	10	argued	argue	VERB
ajfa-4132	51	11	that	that	SCONJ
ajfa-4132	51	12	an	an	DET
ajfa-4132	51	13	audit	audit	NOUN
ajfa-4132	51	14	fee	fee	NOUN
ajfa-4132	51	15	in	in	ADP
ajfa-4132	51	16	the	the	DET
ajfa-4132	51	17	stock	stock	NOUN
ajfa-4132	51	18	market	market	NOUN
ajfa-4132	51	19	with	with	ADP
ajfa-4132	51	20	positive	positive	ADJ
ajfa-4132	51	21	sign	sign	NOUN
ajfa-4132	51	22	asian	asian	ADJ
ajfa-4132	51	23	journal	journal	NOUN
ajfa-4132	51	24	of	of	ADP
ajfa-4132	51	25	finance	finance	PROPN
ajfa-4132	51	26	&	&	CCONJ
ajfa-4132	51	27	accounting	accounting	PROPN
ajfa-4132	51	28	issn	issn	PROPN
ajfa-4132	51	29	1946	1946	NUM
ajfa-4132	51	30	-	-	PUNCT
ajfa-4132	51	31	052x	052x	NOUN
ajfa-4132	51	32	2013	2013	NUM
ajfa-4132	51	33	,	,	PUNCT
ajfa-4132	51	34	vol	vol	NOUN
ajfa-4132	51	35	.	.	PROPN
ajfa-4132	51	36	5	5	NUM
ajfa-4132	51	37	,	,	PUNCT
ajfa-4132	51	38	no	no	INTJ
ajfa-4132	51	39	.	.	NOUN
ajfa-4132	51	40	2	2	NUM
ajfa-4132	51	41	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4132	51	42	247	247	NUM
ajfa-4132	51	43	indicates	indicate	VERB
ajfa-4132	51	44	a	a	DET
ajfa-4132	51	45	positive	positive	ADJ
ajfa-4132	51	46	reaction	reaction	NOUN
ajfa-4132	51	47	.	.	PUNCT
ajfa-4132	52	1	according	accord	VERB
ajfa-4132	52	2	to	to	ADP
ajfa-4132	52	3	the	the	DET
ajfa-4132	52	4	hypothesis	hypothesis	NOUN
ajfa-4132	52	5	1	1	NUM
ajfa-4132	52	6	,	,	PUNCT
ajfa-4132	52	7	a	a	DET
ajfa-4132	52	8	reduction	reduction	NOUN
ajfa-4132	52	9	in	in	ADP
ajfa-4132	52	10	audit	audit	NOUN
ajfa-4132	52	11	fees	fee	NOUN
ajfa-4132	52	12	reduces	reduce	VERB
ajfa-4132	52	13	the	the	DET
ajfa-4132	52	14	effort	effort	NOUN
ajfa-4132	52	15	,	,	PUNCT
ajfa-4132	52	16	as	as	ADP
ajfa-4132	52	17	a	a	DET
ajfa-4132	52	18	result	result	NOUN
ajfa-4132	52	19	,	,	PUNCT
ajfa-4132	52	20	leading	lead	VERB
ajfa-4132	52	21	the	the	DET
ajfa-4132	52	22	negative	negative	ADJ
ajfa-4132	52	23	reaction	reaction	NOUN
ajfa-4132	52	24	of	of	ADP
ajfa-4132	52	25	the	the	DET
ajfa-4132	52	26	stock	stock	NOUN
ajfa-4132	52	27	market	market	NOUN
ajfa-4132	52	28	to	to	ADP
ajfa-4132	52	29	the	the	DET
ajfa-4132	52	30	information	information	NOUN
ajfa-4132	52	31	provided	provide	VERB
ajfa-4132	52	32	.	.	PUNCT
ajfa-4132	53	1	therefore	therefore	ADV
ajfa-4132	53	2	,	,	PUNCT
ajfa-4132	53	3	hypothesis	hypothesis	NOUN
ajfa-4132	53	4	2	2	NUM
ajfa-4132	53	5	:	:	PUNCT
ajfa-4132	53	6	the	the	DET
ajfa-4132	53	7	stock	stock	NOUN
ajfa-4132	53	8	market	market	NOUN
ajfa-4132	53	9	in	in	ADP
ajfa-4132	53	10	audit	audit	NOUN
ajfa-4132	53	11	fees	fee	NOUN
ajfa-4132	53	12	a	a	DET
ajfa-4132	53	13	positive	positive	ADJ
ajfa-4132	53	14	sign	sign	NOUN
ajfa-4132	53	15	indicates	indicate	VERB
ajfa-4132	53	16	a	a	DET
ajfa-4132	53	17	positive	positive	ADJ
ajfa-4132	53	18	reaction	reaction	NOUN
ajfa-4132	53	19	.	.	PUNCT
ajfa-4132	54	1	3	3	X
ajfa-4132	54	2	.	.	X
ajfa-4132	54	3	empirical	empirical	ADJ
ajfa-4132	54	4	procedures	procedure	NOUN
ajfa-4132	54	5	this	this	DET
ajfa-4132	54	6	study	study	NOUN
ajfa-4132	54	7	is	be	AUX
ajfa-4132	54	8	of	of	ADP
ajfa-4132	54	9	the	the	DET
ajfa-4132	54	10	positive	positive	ADJ
ajfa-4132	54	11	accounting	accounting	NOUN
ajfa-4132	54	12	research	research	NOUN
ajfa-4132	54	13	theoretically	theoretically	ADV
ajfa-4132	54	14	.	.	PUNCT
ajfa-4132	55	1	positive	positive	ADJ
ajfa-4132	55	2	research	research	NOUN
ajfa-4132	55	3	includes	include	VERB
ajfa-4132	55	4	a	a	DET
ajfa-4132	55	5	set	set	NOUN
ajfa-4132	55	6	of	of	ADP
ajfa-4132	55	7	methods	method	NOUN
ajfa-4132	55	8	that	that	PRON
ajfa-4132	55	9	not	not	PART
ajfa-4132	55	10	only	only	ADV
ajfa-4132	55	11	express	express	VERB
ajfa-4132	55	12	observation	observation	NOUN
ajfa-4132	55	13	but	but	CCONJ
ajfa-4132	55	14	also	also	ADV
ajfa-4132	55	15	consider	consider	VERB
ajfa-4132	55	16	the	the	DET
ajfa-4132	55	17	relationship	relationship	NOUN
ajfa-4132	55	18	between	between	ADP
ajfa-4132	55	19	observed	observed	ADJ
ajfa-4132	55	20	variables	variable	NOUN
ajfa-4132	55	21	.	.	PUNCT
ajfa-4132	56	1	this	this	DET
ajfa-4132	56	2	study	study	NOUN
ajfa-4132	56	3	also	also	ADV
ajfa-4132	56	4	is	be	AUX
ajfa-4132	56	5	applicable	applicable	ADJ
ajfa-4132	56	6	from	from	ADP
ajfa-4132	56	7	the	the	DET
ajfa-4132	56	8	viewpoint	viewpoint	NOUN
ajfa-4132	56	9	of	of	ADP
ajfa-4132	56	10	objective	objective	NOUN
ajfa-4132	56	11	.	.	PUNCT
ajfa-4132	57	1	from	from	ADP
ajfa-4132	57	2	the	the	DET
ajfa-4132	57	3	viewpoint	viewpoint	NOUN
ajfa-4132	57	4	of	of	ADP
ajfa-4132	57	5	time	time	NOUN
ajfa-4132	57	6	period	period	NOUN
ajfa-4132	57	7	,	,	PUNCT
ajfa-4132	57	8	this	this	DET
ajfa-4132	57	9	study	study	NOUN
ajfa-4132	57	10	is	be	AUX
ajfa-4132	57	11	of	of	ADP
ajfa-4132	57	12	post	post	ADJ
ajfa-4132	57	13	-	-	ADJ
ajfa-4132	57	14	event	event	ADJ
ajfa-4132	57	15	research	research	NOUN
ajfa-4132	57	16	.	.	PUNCT
ajfa-4132	58	1	in	in	ADP
ajfa-4132	58	2	post	post	ADJ
ajfa-4132	58	3	-	-	ADJ
ajfa-4132	58	4	event	event	ADJ
ajfa-4132	58	5	research	research	NOUN
ajfa-4132	58	6	,	,	PUNCT
ajfa-4132	58	7	the	the	DET
ajfa-4132	58	8	researcher	researcher	NOUN
ajfa-4132	58	9	detects	detect	NOUN
ajfa-4132	58	10	and	and	CCONJ
ajfa-4132	58	11	investigates	investigate	VERB
ajfa-4132	58	12	the	the	DET
ajfa-4132	58	13	relationship	relationship	NOUN
ajfa-4132	58	14	between	between	ADP
ajfa-4132	58	15	factors	factor	NOUN
ajfa-4132	58	16	and	and	CCONJ
ajfa-4132	58	17	special	special	ADJ
ajfa-4132	58	18	conditions	condition	NOUN
ajfa-4132	58	19	that	that	PRON
ajfa-4132	58	20	exist	exist	VERB
ajfa-4132	58	21	before	before	ADP
ajfa-4132	58	22	or	or	CCONJ
ajfa-4132	58	23	have	have	AUX
ajfa-4132	58	24	occurred	occur	VERB
ajfa-4132	58	25	using	use	VERB
ajfa-4132	58	26	studying	study	VERB
ajfa-4132	58	27	their	their	PRON
ajfa-4132	58	28	results	result	NOUN
ajfa-4132	58	29	.	.	PUNCT
ajfa-4132	59	1	therefore	therefore	ADV
ajfa-4132	59	2	,	,	PUNCT
ajfa-4132	59	3	both	both	CCONJ
ajfa-4132	59	4	dependent	dependent	ADJ
ajfa-4132	59	5	and	and	CCONJ
ajfa-4132	59	6	independent	independent	ADJ
ajfa-4132	59	7	variables	variable	NOUN
ajfa-4132	59	8	have	have	AUX
ajfa-4132	59	9	occurred	occur	VERB
ajfa-4132	59	10	in	in	ADP
ajfa-4132	59	11	the	the	DET
ajfa-4132	59	12	past	past	NOUN
ajfa-4132	59	13	and	and	CCONJ
ajfa-4132	59	14	based	base	VERB
ajfa-4132	59	15	on	on	ADP
ajfa-4132	59	16	this	this	DET
ajfa-4132	59	17	description	description	NOUN
ajfa-4132	59	18	,	,	PUNCT
ajfa-4132	59	19	this	this	DET
ajfa-4132	59	20	study	study	NOUN
ajfa-4132	59	21	is	be	AUX
ajfa-4132	59	22	called	call	VERB
ajfa-4132	59	23	empirical	empirical	ADJ
ajfa-4132	59	24	research	research	NOUN
ajfa-4132	59	25	or	or	CCONJ
ajfa-4132	59	26	post	post	ADJ
ajfa-4132	59	27	-	-	ADJ
ajfa-4132	59	28	event	event	ADJ
ajfa-4132	59	29	research	research	NOUN
ajfa-4132	59	30	.	.	PUNCT
ajfa-4132	60	1	on	on	ADP
ajfa-4132	60	2	the	the	DET
ajfa-4132	60	3	other	other	ADJ
ajfa-4132	60	4	side	side	NOUN
ajfa-4132	60	5	,	,	PUNCT
ajfa-4132	60	6	according	accord	VERB
ajfa-4132	60	7	to	to	ADP
ajfa-4132	60	8	the	the	DET
ajfa-4132	60	9	using	use	VERB
ajfa-4132	60	10	sample	sample	NOUN
ajfa-4132	60	11	for	for	ADP
ajfa-4132	60	12	running	run	VERB
ajfa-4132	60	13	methods	method	NOUN
ajfa-4132	60	14	and	and	CCONJ
ajfa-4132	60	15	research	research	NOUN
ajfa-4132	60	16	techniques	technique	NOUN
ajfa-4132	60	17	generalizing	generalize	VERB
ajfa-4132	60	18	sample	sample	NOUN
ajfa-4132	60	19	findings	finding	NOUN
ajfa-4132	60	20	to	to	ADP
ajfa-4132	60	21	population	population	NOUN
ajfa-4132	60	22	,	,	PUNCT
ajfa-4132	60	23	this	this	DET
ajfa-4132	60	24	study	study	NOUN
ajfa-4132	60	25	is	be	AUX
ajfa-4132	60	26	considered	consider	VERB
ajfa-4132	60	27	as	as	ADP
ajfa-4132	60	28	an	an	DET
ajfa-4132	60	29	induction	induction	NOUN
ajfa-4132	60	30	research	research	NOUN
ajfa-4132	60	31	inferentially	inferentially	ADV
ajfa-4132	60	32	.	.	PUNCT
ajfa-4132	61	1	it	it	PRON
ajfa-4132	61	2	also	also	ADV
ajfa-4132	61	3	can	can	AUX
ajfa-4132	61	4	be	be	AUX
ajfa-4132	61	5	considered	consider	VERB
ajfa-4132	61	6	as	as	ADP
ajfa-4132	61	7	a	a	DET
ajfa-4132	61	8	correlation	correlation	NOUN
ajfa-4132	61	9	research	research	NOUN
ajfa-4132	61	10	because	because	SCONJ
ajfa-4132	61	11	it	it	PRON
ajfa-4132	61	12	attempts	attempt	VERB
ajfa-4132	61	13	to	to	PART
ajfa-4132	61	14	approve	approve	VERB
ajfa-4132	61	15	the	the	DET
ajfa-4132	61	16	existence	existence	NOUN
ajfa-4132	61	17	relationship	relationship	NOUN
ajfa-4132	61	18	between	between	ADP
ajfa-4132	61	19	dependent	dependent	ADJ
ajfa-4132	61	20	and	and	CCONJ
ajfa-4132	61	21	independent	independent	ADJ
ajfa-4132	61	22	variables	variable	NOUN
ajfa-4132	61	23	.	.	PUNCT
ajfa-4132	62	1	3.1	3.1	NUM
ajfa-4132	62	2	measurements	measurement	NOUN
ajfa-4132	62	3	of	of	ADP
ajfa-4132	62	4	abnormal	abnormal	ADJ
ajfa-4132	62	5	audit	audit	NOUN
ajfa-4132	62	6	fees	fee	NOUN
ajfa-4132	62	7	actual	actual	ADJ
ajfa-4132	62	8	audit	audit	NOUN
ajfa-4132	62	9	fees	fee	NOUN
ajfa-4132	62	10	can	can	AUX
ajfa-4132	62	11	be	be	AUX
ajfa-4132	62	12	decomposed	decompose	VERB
ajfa-4132	62	13	into	into	ADP
ajfa-4132	62	14	two	two	NUM
ajfa-4132	62	15	components	component	NOUN
ajfa-4132	62	16	:	:	PUNCT
ajfa-4132	62	17	normal	normal	ADJ
ajfa-4132	62	18	audit	audit	NOUN
ajfa-4132	62	19	fees	fee	NOUN
ajfa-4132	62	20	and	and	CCONJ
ajfa-4132	62	21	abnormal	abnormal	ADJ
ajfa-4132	62	22	audit	audit	NOUN
ajfa-4132	62	23	fees	fee	NOUN
ajfa-4132	62	24	.	.	PUNCT
ajfa-4132	63	1	normal	normal	ADJ
ajfa-4132	63	2	fees	fee	NOUN
ajfa-4132	63	3	reflects	reflect	VERB
ajfa-4132	63	4	auditors	auditor	NOUN
ajfa-4132	63	5	efforts	effort	NOUN
ajfa-4132	63	6	costs	cost	NOUN
ajfa-4132	63	7	and	and	CCONJ
ajfa-4132	63	8	litigation	litigation	NOUN
ajfa-4132	63	9	risk	risk	NOUN
ajfa-4132	63	10	,	,	PUNCT
ajfa-4132	63	11	and	and	CCONJ
ajfa-4132	63	12	are	be	AUX
ajfa-4132	63	13	determined	determine	VERB
ajfa-4132	63	14	by	by	ADP
ajfa-4132	63	15	factors	factor	NOUN
ajfa-4132	63	16	that	that	PRON
ajfa-4132	63	17	are	be	AUX
ajfa-4132	63	18	common	common	ADJ
ajfa-4132	63	19	across	across	ADP
ajfa-4132	63	20	different	different	ADJ
ajfa-4132	63	21	clients	client	NOUN
ajfa-4132	63	22	such	such	ADJ
ajfa-4132	63	23	as	as	ADP
ajfa-4132	63	24	client	client	NOUN
ajfa-4132	63	25	size	size	NOUN
ajfa-4132	63	26	,	,	PUNCT
ajfa-4132	63	27	client	client	NOUN
ajfa-4132	63	28	complexity	complexity	NOUN
ajfa-4132	63	29	and	and	CCONJ
ajfa-4132	63	30	client	client	NOUN
ajfa-4132	63	31	-	-	PUNCT
ajfa-4132	63	32	specific	specific	ADJ
ajfa-4132	63	33	risk	risk	NOUN
ajfa-4132	63	34	,	,	PUNCT
ajfa-4132	63	35	while	while	SCONJ
ajfa-4132	63	36	abnormal	abnormal	ADJ
ajfa-4132	63	37	fees	fee	NOUN
ajfa-4132	63	38	determined	determine	VERB
ajfa-4132	63	39	by	by	ADP
ajfa-4132	63	40	factor	factor	NOUN
ajfa-4132	63	41	that	that	PRON
ajfa-4132	63	42	are	be	AUX
ajfa-4132	63	43	idiosyncratic	idiosyncratic	ADJ
ajfa-4132	63	44	to	to	ADP
ajfa-4132	63	45	contractual	contractual	ADJ
ajfa-4132	63	46	relationships	relationship	NOUN
ajfa-4132	63	47	between	between	ADP
ajfa-4132	63	48	auditor	auditor	NOUN
ajfa-4132	63	49	and	and	CCONJ
ajfa-4132	63	50	their	their	PRON
ajfa-4132	63	51	clients	client	NOUN
ajfa-4132	63	52	,	,	PUNCT
ajfa-4132	63	53	while	while	SCONJ
ajfa-4132	63	54	are	be	AUX
ajfa-4132	63	55	actual	actual	ADJ
ajfa-4132	63	56	fees	fee	NOUN
ajfa-4132	63	57	in	in	ADP
ajfa-4132	63	58	excess	excess	NOUN
ajfa-4132	63	59	of	of	ADP
ajfa-4132	63	60	normal	normal	ADJ
ajfa-4132	63	61	fees	fee	NOUN
ajfa-4132	63	62	and	and	CCONJ
ajfa-4132	63	63	are	be	AUX
ajfa-4132	63	64	more	more	ADV
ajfa-4132	63	65	likely	likely	ADJ
ajfa-4132	63	66	to	to	PART
ajfa-4132	63	67	capture	capture	VERB
ajfa-4132	63	68	the	the	DET
ajfa-4132	63	69	economic	economic	ADJ
ajfa-4132	63	70	bonding	bonding	NOUN
ajfa-4132	63	71	.	.	PUNCT
ajfa-4132	64	1	3.1.1	3.1.1	NUM
ajfa-4132	64	2	measurements	measurement	NOUN
ajfa-4132	64	3	of	of	ADP
ajfa-4132	64	4	normal	normal	ADJ
ajfa-4132	64	5	audit	audit	NOUN
ajfa-4132	64	6	fees	fee	NOUN
ajfa-4132	64	7	according	accord	VERB
ajfa-4132	64	8	to	to	ADP
ajfa-4132	64	9	simunic	simunic	ADJ
ajfa-4132	64	10	(	(	PUNCT
ajfa-4132	64	11	1980	1980	NUM
ajfa-4132	64	12	)	)	PUNCT
ajfa-4132	64	13	,	,	PUNCT
ajfa-4132	64	14	the	the	DET
ajfa-4132	64	15	model	model	NOUN
ajfa-4132	64	16	of	of	ADP
ajfa-4132	64	17	the	the	DET
ajfa-4132	64	18	standard	standard	ADJ
ajfa-4132	64	19	audit	audit	NOUN
ajfa-4132	64	20	fee	fee	NOUN
ajfa-4132	64	21	variable	variable	NOUN
ajfa-4132	64	22	depends	depend	VERB
ajfa-4132	64	23	on	on	ADP
ajfa-4132	64	24	the	the	DET
ajfa-4132	64	25	probability	probability	NOUN
ajfa-4132	64	26	of	of	ADP
ajfa-4132	64	27	occurrence	occurrence	NOUN
ajfa-4132	64	28	losses	loss	NOUN
ajfa-4132	64	29	and	and	CCONJ
ajfa-4132	64	30	bankruptcy	bankruptcy	NOUN
ajfa-4132	64	31	.	.	PUNCT
ajfa-4132	65	1	in	in	ADP
ajfa-4132	65	2	this	this	DET
ajfa-4132	65	3	study	study	NOUN
ajfa-4132	65	4	,	,	PUNCT
ajfa-4132	65	5	the	the	DET
ajfa-4132	65	6	risk	risk	NOUN
ajfa-4132	65	7	of	of	ADP
ajfa-4132	65	8	loss	loss	NOUN
ajfa-4132	65	9	of	of	ADP
ajfa-4132	65	10	client	client	NOUN
ajfa-4132	65	11	companies	company	NOUN
ajfa-4132	65	12	through	through	ADP
ajfa-4132	65	13	company	company	NOUN
ajfa-4132	65	14	size	size	NOUN
ajfa-4132	65	15	,	,	PUNCT
ajfa-4132	65	16	the	the	DET
ajfa-4132	65	17	total	total	ADJ
ajfa-4132	65	18	assets	asset	NOUN
ajfa-4132	65	19	(	(	PUNCT
ajfa-4132	65	20	ta	ta	NOUN
ajfa-4132	65	21	)	)	PUNCT
ajfa-4132	65	22	of	of	ADP
ajfa-4132	65	23	the	the	DET
ajfa-4132	65	24	company	company	NOUN
ajfa-4132	65	25	,	,	PUNCT
ajfa-4132	65	26	and	and	CCONJ
ajfa-4132	65	27	bankruptcy	bankruptcy	NOUN
ajfa-4132	65	28	of	of	ADP
ajfa-4132	65	29	clients	client	NOUN
ajfa-4132	65	30	are	be	AUX
ajfa-4132	65	31	tested	test	VERB
ajfa-4132	65	32	by	by	ADP
ajfa-4132	65	33	the	the	DET
ajfa-4132	65	34	z	z	PROPN
ajfa-4132	65	35	test	test	NOUN
ajfa-4132	65	36	.	.	PUNCT
ajfa-4132	66	1	in	in	ADP
ajfa-4132	66	2	addition	addition	NOUN
ajfa-4132	66	3	,	,	PUNCT
ajfa-4132	66	4	based	base	VERB
ajfa-4132	66	5	on	on	ADP
ajfa-4132	66	6	previous	previous	ADJ
ajfa-4132	66	7	studies	study	NOUN
ajfa-4132	66	8	(	(	PUNCT
ajfa-4132	66	9	ashbaugh	ashbaugh	ADJ
ajfa-4132	66	10	,	,	PUNCT
ajfa-4132	66	11	lafond	lafond	NOUN
ajfa-4132	66	12	,	,	PUNCT
ajfa-4132	66	13	&	&	CCONJ
ajfa-4132	66	14	mayhew	mayhew	PROPN
ajfa-4132	66	15	,	,	PUNCT
ajfa-4132	66	16	2003	2003	NUM
ajfa-4132	66	17	;	;	PUNCT
ajfa-4132	66	18	francis	francis	PROPN
ajfa-4132	66	19	,	,	PUNCT
ajfa-4132	66	20	2006	2006	NUM
ajfa-4132	66	21	;	;	PUNCT
ajfa-4132	66	22	frankel	frankel	PROPN
ajfa-4132	66	23	,	,	PUNCT
ajfa-4132	66	24	johnson	johnson	PROPN
ajfa-4132	66	25	,	,	PUNCT
ajfa-4132	66	26	&	&	CCONJ
ajfa-4132	66	27	nelson	nelson	PROPN
ajfa-4132	66	28	,	,	PUNCT
ajfa-4132	66	29	2002	2002	NUM
ajfa-4132	66	30	;	;	PUNCT
ajfa-4132	66	31	palmrose	palmrose	ADJ
ajfa-4132	66	32	,	,	PUNCT
ajfa-4132	66	33	1986	1986	NUM
ajfa-4132	66	34	)	)	PUNCT
ajfa-4132	66	35	,	,	PUNCT
ajfa-4132	66	36	if	if	SCONJ
ajfa-4132	66	37	the	the	DET
ajfa-4132	66	38	financial	financial	ADJ
ajfa-4132	66	39	year	year	NOUN
ajfa-4132	66	40	is	be	AUX
ajfa-4132	66	41	not	not	PART
ajfa-4132	66	42	ending	end	VERB
ajfa-4132	66	43	to	to	ADP
ajfa-4132	66	44	the	the	DET
ajfa-4132	66	45	end	end	NOUN
ajfa-4132	66	46	of	of	ADP
ajfa-4132	66	47	year	year	NOUN
ajfa-4132	66	48	,	,	PUNCT
ajfa-4132	66	49	dummy	dummy	ADJ
ajfa-4132	66	50	variable	variable	NOUN
ajfa-4132	66	51	is	be	AUX
ajfa-4132	66	52	used	use	VERB
ajfa-4132	66	53	to	to	PART
ajfa-4132	66	54	control	control	VERB
ajfa-4132	66	55	for	for	ADP
ajfa-4132	66	56	the	the	DET
ajfa-4132	66	57	seasons	season	NOUN
ajfa-4132	66	58	of	of	ADP
ajfa-4132	66	59	non	non	ADJ
ajfa-4132	66	60	-	-	ADJ
ajfa-4132	66	61	work	work	NOUN
ajfa-4132	66	62	in	in	ADP
ajfa-4132	66	63	audit	audit	NOUN
ajfa-4132	66	64	.	.	PUNCT
ajfa-4132	67	1	additionally	additionally	ADV
ajfa-4132	67	2	,	,	PUNCT
ajfa-4132	67	3	the	the	DET
ajfa-4132	67	4	current	current	ADJ
ajfa-4132	67	5	ratio	ratio	NOUN
ajfa-4132	67	6	,	,	PUNCT
ajfa-4132	67	7	quick	quick	ADJ
ajfa-4132	67	8	(	(	PUNCT
ajfa-4132	67	9	acid	acid	NOUN
ajfa-4132	67	10	)	)	PUNCT
ajfa-4132	67	11	asset	asset	NOUN
ajfa-4132	67	12	ratio	ratio	NOUN
ajfa-4132	67	13	,	,	PUNCT
ajfa-4132	67	14	and	and	CCONJ
ajfa-4132	67	15	also	also	ADV
ajfa-4132	67	16	financial	financial	ADJ
ajfa-4132	67	17	leverage	leverage	NOUN
ajfa-4132	67	18	ratio	ratio	NOUN
ajfa-4132	67	19	are	be	AUX
ajfa-4132	67	20	used	use	VERB
ajfa-4132	67	21	to	to	PART
ajfa-4132	67	22	control	control	VERB
ajfa-4132	67	23	the	the	DET
ajfa-4132	67	24	risk	risk	NOUN
ajfa-4132	67	25	of	of	ADP
ajfa-4132	67	26	firm	firm	NOUN
ajfa-4132	67	27	.	.	PUNCT
ajfa-4132	68	1	the	the	DET
ajfa-4132	68	2	used	used	ADJ
ajfa-4132	68	3	model	model	NOUN
ajfa-4132	68	4	in	in	ADP
ajfa-4132	68	5	this	this	DET
ajfa-4132	68	6	study	study	NOUN
ajfa-4132	68	7	is	be	AUX
ajfa-4132	68	8	derived	derive	VERB
ajfa-4132	68	9	from	from	ADP
ajfa-4132	68	10	simunic	simunic	ADJ
ajfa-4132	68	11	(	(	PUNCT
ajfa-4132	68	12	1980	1980	NUM
ajfa-4132	68	13	)	)	PUNCT
ajfa-4132	68	14	model	model	NOUN
ajfa-4132	68	15	that	that	PRON
ajfa-4132	68	16	is	be	AUX
ajfa-4132	68	17	defined	define	VERB
ajfa-4132	68	18	as	as	SCONJ
ajfa-4132	68	19	follows	follow	VERB
ajfa-4132	68	20	:	:	PUNCT
ajfa-4132	68	21	lafee	lafee	PROPN
ajfa-4132	68	22	=	=	PUNCT
ajfa-4132	69	1	+	+	NUM
ajfa-4132	69	2	lta+	lta+	ADJ
ajfa-4132	69	3	cata	cata	NOUN
ajfa-4132	69	4	+	+	CCONJ
ajfa-4132	69	5	quick	quick	ADJ
ajfa-4132	69	6	+	+	CCONJ
ajfa-4132	69	7	de	de	ADJ
ajfa-4132	69	8	+	+	NOUN
ajfa-4132	69	9	bankruptcy	bankruptcy	NOUN
ajfa-4132	69	10	+	+	CCONJ
ajfa-4132	69	11	foreign	foreign	ADJ
ajfa-4132	69	12	+	+	NUM
ajfa-4132	69	13	ye	ye	NOUN
ajfa-4132	69	14	+	+	CCONJ
ajfa-4132	69	15	loss	loss	NOUN
ajfa-4132	69	16	+	+	CCONJ
ajfa-4132	69	17	ɛ	ɛ	PROPN
ajfa-4132	69	18	where	where	SCONJ
ajfa-4132	69	19	;	;	PUNCT
ajfa-4132	69	20	lafee	lafee	NOUN
ajfa-4132	69	21	=	=	SYM
ajfa-4132	69	22	natural	natural	ADJ
ajfa-4132	69	23	log	log	NOUN
ajfa-4132	69	24	of	of	ADP
ajfa-4132	69	25	audit	audit	NOUN
ajfa-4132	69	26	fees	fee	NOUN
ajfa-4132	69	27	;	;	PUNCT
ajfa-4132	69	28	asian	asian	ADJ
ajfa-4132	69	29	journal	journal	NOUN
ajfa-4132	69	30	of	of	ADP
ajfa-4132	69	31	finance	finance	PROPN
ajfa-4132	69	32	&	&	CCONJ
ajfa-4132	69	33	accounting	accounting	PROPN
ajfa-4132	69	34	issn	issn	PROPN
ajfa-4132	69	35	1946	1946	NUM
ajfa-4132	69	36	-	-	PUNCT
ajfa-4132	69	37	052x	052x	NOUN
ajfa-4132	69	38	2013	2013	NUM
ajfa-4132	69	39	,	,	PUNCT
ajfa-4132	69	40	vol	vol	NOUN
ajfa-4132	69	41	.	.	PROPN
ajfa-4132	69	42	5	5	NUM
ajfa-4132	69	43	,	,	PUNCT
ajfa-4132	69	44	no	no	INTJ
ajfa-4132	69	45	.	.	NOUN
ajfa-4132	69	46	2	2	NUM
ajfa-4132	69	47	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4132	69	48	248	248	NUM
ajfa-4132	69	49	lta	lta	NOUN
ajfa-4132	69	50	=	=	SYM
ajfa-4132	69	51	natural	natural	ADJ
ajfa-4132	69	52	log	log	NOUN
ajfa-4132	69	53	of	of	ADP
ajfa-4132	69	54	total	total	ADJ
ajfa-4132	69	55	assets	asset	NOUN
ajfa-4132	69	56	;	;	PUNCT
ajfa-4132	69	57	cata	cata	NOUN
ajfa-4132	69	58	=	=	SYM
ajfa-4132	69	59	ratio	ratio	NOUN
ajfa-4132	69	60	of	of	ADP
ajfa-4132	69	61	current	current	ADJ
ajfa-4132	69	62	assets	asset	NOUN
ajfa-4132	69	63	to	to	ADP
ajfa-4132	69	64	total	total	ADJ
ajfa-4132	69	65	assets	asset	NOUN
ajfa-4132	69	66	;	;	PUNCT
ajfa-4132	69	67	quick	quick	ADJ
ajfa-4132	69	68	=	=	VERB
ajfa-4132	69	69	ratio	ratio	NOUN
ajfa-4132	69	70	of	of	ADP
ajfa-4132	69	71	current	current	ADJ
ajfa-4132	69	72	assets	asset	NOUN
ajfa-4132	69	73	(	(	PUNCT
ajfa-4132	69	74	less	less	ADJ
ajfa-4132	69	75	inventories	inventory	NOUN
ajfa-4132	69	76	)	)	PUNCT
ajfa-4132	69	77	to	to	ADP
ajfa-4132	69	78	current	current	ADJ
ajfa-4132	69	79	liabilities	liability	NOUN
ajfa-4132	69	80	;	;	PUNCT
ajfa-4132	69	81	de	de	PROPN
ajfa-4132	69	82	=	=	SYM
ajfa-4132	69	83	ratio	ratio	NOUN
ajfa-4132	69	84	of	of	ADP
ajfa-4132	69	85	long	long	ADJ
ajfa-4132	69	86	term	term	NOUN
ajfa-4132	69	87	debt	debt	NOUN
ajfa-4132	69	88	to	to	ADP
ajfa-4132	69	89	total	total	ADJ
ajfa-4132	69	90	assets	asset	NOUN
ajfa-4132	69	91	;	;	PUNCT
ajfa-4132	69	92	bankruptcy	bankruptcy	NOUN
ajfa-4132	69	93	=	=	SYM
ajfa-4132	69	94	bankruptcy	bankruptcy	NOUN
ajfa-4132	69	95	of	of	ADP
ajfa-4132	69	96	clients	client	NOUN
ajfa-4132	69	97	are	be	AUX
ajfa-4132	69	98	measured	measure	VERB
ajfa-4132	69	99	by	by	ADP
ajfa-4132	69	100	the	the	DET
ajfa-4132	69	101	z	z	NOUN
ajfa-4132	69	102	test	test	NOUN
ajfa-4132	69	103	;	;	PUNCT
ajfa-4132	69	104	foreign	foreign	ADJ
ajfa-4132	69	105	=	=	NOUN
ajfa-4132	69	106	proportion	proportion	NOUN
ajfa-4132	69	107	of	of	ADP
ajfa-4132	69	108	total	total	ADJ
ajfa-4132	69	109	sales	sale	NOUN
ajfa-4132	69	110	from	from	ADP
ajfa-4132	69	111	foreign	foreign	ADJ
ajfa-4132	69	112	operations	operation	NOUN
ajfa-4132	69	113	;	;	PUNCT
ajfa-4132	69	114	ye	ye	NOUN
ajfa-4132	69	115	=	=	SYM
ajfa-4132	69	116	indicator	indicator	NOUN
ajfa-4132	69	117	variable	variable	NOUN
ajfa-4132	69	118	,	,	PUNCT
ajfa-4132	69	119	1=	1=	PUNCT
ajfa-4132	69	120	if	if	SCONJ
ajfa-4132	69	121	firm	firm	NOUN
ajfa-4132	69	122	's	's	PART
ajfa-4132	69	123	financial	financial	ADJ
ajfa-4132	69	124	year	year	NOUN
ajfa-4132	69	125	is	be	AUX
ajfa-4132	69	126	not	not	PART
ajfa-4132	69	127	ended	end	VERB
ajfa-4132	69	128	to	to	ADP
ajfa-4132	69	129	march	march	PROPN
ajfa-4132	69	130	20	20	NUM
ajfa-4132	69	131	)	)	PUNCT
ajfa-4132	69	132	;	;	PUNCT
ajfa-4132	69	133	loss	loss	NOUN
ajfa-4132	69	134	=	=	SYM
ajfa-4132	69	135	indicator	indicator	NOUN
ajfa-4132	69	136	variable	variable	NOUN
ajfa-4132	69	137	,	,	PUNCT
ajfa-4132	69	138	1=	1=	NUM
ajfa-4132	69	139	loss	loss	NOUN
ajfa-4132	69	140	in	in	ADP
ajfa-4132	69	141	current	current	ADJ
ajfa-4132	69	142	fiscal	fiscal	ADJ
ajfa-4132	69	143	year	year	NOUN
ajfa-4132	69	144	,	,	PUNCT
ajfa-4132	69	145	"	"	PUNCT
ajfa-4132	69	146	0	0	NUM
ajfa-4132	69	147	"	"	PUNCT
ajfa-4132	69	148	otherwise	otherwise	ADV
ajfa-4132	69	149	;	;	PUNCT
ajfa-4132	69	150	ɛ	ɛ	PROPN
ajfa-4132	69	151	=	=	NOUN
ajfa-4132	69	152	residuals	residual	VERB
ajfa-4132	69	153	3.2	3.2	NUM
ajfa-4132	69	154	measurements	measurement	NOUN
ajfa-4132	69	155	of	of	ADP
ajfa-4132	69	156	stock	stock	NOUN
ajfa-4132	69	157	price	price	NOUN
ajfa-4132	69	158	synchronicity	synchronicity	NOUN
ajfa-4132	69	159	(	(	PUNCT
ajfa-4132	69	160	the	the	DET
ajfa-4132	69	161	standard	standard	NOUN
ajfa-4132	69	162	of	of	ADP
ajfa-4132	69	163	stock	stock	NOUN
ajfa-4132	69	164	market	market	NOUN
ajfa-4132	69	165	reaction	reaction	NOUN
ajfa-4132	69	166	)	)	PUNCT
ajfa-4132	69	167	the	the	DET
ajfa-4132	69	168	stock	stock	NOUN
ajfa-4132	69	169	price	price	NOUN
ajfa-4132	69	170	synchronicity	synchronicity	NOUN
ajfa-4132	69	171	measures	measure	NOUN
ajfa-4132	69	172	how	how	SCONJ
ajfa-4132	69	173	firm	firm	ADJ
ajfa-4132	69	174	stock	stock	NOUN
ajfa-4132	69	175	returns	return	NOUN
ajfa-4132	69	176	are	be	AUX
ajfa-4132	69	177	closely	closely	ADV
ajfa-4132	69	178	tied	tie	VERB
ajfa-4132	69	179	to	to	ADP
ajfa-4132	69	180	marked	marked	ADJ
ajfa-4132	69	181	return	return	NOUN
ajfa-4132	69	182	is	be	AUX
ajfa-4132	69	183	.	.	PUNCT
ajfa-4132	70	1	following	follow	VERB
ajfa-4132	70	2	prior	prior	ADJ
ajfa-4132	70	3	literature	literature	NOUN
ajfa-4132	70	4	(	(	PUNCT
ajfa-4132	70	5	art	art	NOUN
ajfa-4132	70	6	durnev	durnev	NOUN
ajfa-4132	70	7	et	et	PROPN
ajfa-4132	70	8	al	al	PROPN
ajfa-4132	70	9	.	.	PROPN
ajfa-4132	70	10	,	,	PUNCT
ajfa-4132	70	11	2004	2004	NUM
ajfa-4132	70	12	;	;	PUNCT
ajfa-4132	70	13	artyom	artyom	ADJ
ajfa-4132	70	14	durnev	durnev	PROPN
ajfa-4132	70	15	,	,	PUNCT
ajfa-4132	70	16	morck	morck	PROPN
ajfa-4132	70	17	,	,	PUNCT
ajfa-4132	70	18	yeung	yeung	PROPN
ajfa-4132	70	19	,	,	PUNCT
ajfa-4132	70	20	&	&	CCONJ
ajfa-4132	70	21	zarowin	zarowin	PROPN
ajfa-4132	70	22	,	,	PUNCT
ajfa-4132	70	23	2003	2003	NUM
ajfa-4132	70	24	;	;	PUNCT
ajfa-4132	70	25	morck	morck	PROPN
ajfa-4132	70	26	,	,	PUNCT
ajfa-4132	70	27	yeung	yeung	PROPN
ajfa-4132	70	28	,	,	PUNCT
ajfa-4132	70	29	&	&	CCONJ
ajfa-4132	70	30	yu	yu	PROPN
ajfa-4132	70	31	,	,	PUNCT
ajfa-4132	70	32	2000	2000	NUM
ajfa-4132	70	33	)	)	PUNCT
ajfa-4132	70	34	,	,	PUNCT
ajfa-4132	70	35	the	the	DET
ajfa-4132	70	36	stock	stock	NOUN
ajfa-4132	70	37	price	price	NOUN
ajfa-4132	70	38	synchronicity	synchronicity	NOUN
ajfa-4132	70	39	measure	measure	NOUN
ajfa-4132	70	40	is	be	AUX
ajfa-4132	70	41	derived	derive	VERB
ajfa-4132	70	42	from	from	ADP
ajfa-4132	70	43	the	the	PRON
ajfa-4132	70	44	of	of	ADP
ajfa-4132	70	45	the	the	DET
ajfa-4132	70	46	following	follow	VERB
ajfa-4132	70	47	regression	regression	NOUN
ajfa-4132	70	48	:	:	PUNCT
ajfa-4132	70	49	,	,	PUNCT
ajfa-4132	70	50	=	=	PUNCT
ajfa-4132	71	1	+	+	PUNCT
ajfa-4132	71	2	,	,	PUNCT
ajfa-4132	71	3	+	+	CCONJ
ajfa-4132	71	4	,	,	PUNCT
ajfa-4132	71	5	,	,	PUNCT
ajfa-4132	71	6	(	(	PUNCT
ajfa-4132	71	7	1	1	NUM
ajfa-4132	71	8	)	)	PUNCT
ajfa-4132	71	9	,	,	PUNCT
ajfa-4132	71	10	:	:	PUNCT
ajfa-4132	71	11	monthly	monthly	ADJ
ajfa-4132	71	12	return	return	NOUN
ajfa-4132	71	13	of	of	ADP
ajfa-4132	71	14	each	each	DET
ajfa-4132	71	15	firm	firm	NOUN
ajfa-4132	71	16	,	,	PUNCT
ajfa-4132	71	17	:	:	PUNCT
ajfa-4132	71	18	market	market	NOUN
ajfa-4132	71	19	return	return	NOUN
ajfa-4132	71	20	in	in	ADP
ajfa-4132	71	21	the	the	DET
ajfa-4132	71	22	tehran	tehran	PROPN
ajfa-4132	71	23	stock	stock	NOUN
ajfa-4132	71	24	market	market	NOUN
ajfa-4132	71	25	the	the	DET
ajfa-4132	71	26	stock	stock	NOUN
ajfa-4132	71	27	price	price	NOUN
ajfa-4132	71	28	synchronicity	synchronicity	NOUN
ajfa-4132	71	29	(	(	PUNCT
ajfa-4132	71	30	syn	syn	NOUN
ajfa-4132	71	31	)	)	PUNCT
ajfa-4132	71	32	is	be	AUX
ajfa-4132	71	33	defined	define	VERB
ajfa-4132	71	34	as	as	ADP
ajfa-4132	71	35	the	the	DET
ajfa-4132	71	36	following	following	NOUN
ajfa-4132	71	37	:	:	PUNCT
ajfa-4132	71	38	,	,	PUNCT
ajfa-4132	71	39	=	=	PRON
ajfa-4132	71	40	(	(	PUNCT
ajfa-4132	71	41	)	)	PUNCT
ajfa-4132	71	42	where	where	SCONJ
ajfa-4132	71	43	r	r	NOUN
ajfa-4132	71	44	is	be	AUX
ajfa-4132	71	45	the	the	DET
ajfa-4132	71	46	coefficient	coefficient	NOUN
ajfa-4132	71	47	of	of	ADP
ajfa-4132	71	48	determination	determination	NOUN
ajfa-4132	71	49	from	from	ADP
ajfa-4132	71	50	the	the	DET
ajfa-4132	71	51	estimation	estimation	NOUN
ajfa-4132	71	52	of	of	ADP
ajfa-4132	71	53	the	the	DET
ajfa-4132	71	54	above	above	ADJ
ajfa-4132	71	55	equation	equation	NOUN
ajfa-4132	71	56	(	(	PUNCT
ajfa-4132	71	57	1	1	NUM
ajfa-4132	71	58	)	)	PUNCT
ajfa-4132	71	59	.	.	PUNCT
ajfa-4132	72	1	3.3	3.3	NUM
ajfa-4132	72	2	the	the	DET
ajfa-4132	72	3	model	model	NOUN
ajfa-4132	72	4	for	for	ADP
ajfa-4132	72	5	examining	examine	VERB
ajfa-4132	72	6	the	the	DET
ajfa-4132	72	7	association	association	NOUN
ajfa-4132	72	8	between	between	ADP
ajfa-4132	72	9	stick	stick	PROPN
ajfa-4132	72	10	price	price	NOUN
ajfa-4132	72	11	synchronicity	synchronicity	NOUN
ajfa-4132	72	12	(	(	PUNCT
ajfa-4132	72	13	the	the	DET
ajfa-4132	72	14	standard	standard	NOUN
ajfa-4132	72	15	of	of	ADP
ajfa-4132	72	16	stock	stock	NOUN
ajfa-4132	72	17	market	market	NOUN
ajfa-4132	72	18	reaction	reaction	NOUN
ajfa-4132	72	19	)	)	PUNCT
ajfa-4132	72	20	and	and	CCONJ
ajfa-4132	72	21	abnormal	abnormal	ADJ
ajfa-4132	72	22	audit	audit	NOUN
ajfa-4132	72	23	fees	fee	VERB
ajfa-4132	72	24	the	the	DET
ajfa-4132	72	25	following	follow	VERB
ajfa-4132	72	26	model	model	NOUN
ajfa-4132	72	27	derived	derive	VERB
ajfa-4132	72	28	from	from	ADP
ajfa-4132	72	29	the	the	DET
ajfa-4132	72	30	model	model	NOUN
ajfa-4132	72	31	of	of	ADP
ajfa-4132	72	32	piotroski	piotroski	PROPN
ajfa-4132	72	33	and	and	CCONJ
ajfa-4132	72	34	roulstone	roulstone	NOUN
ajfa-4132	72	35	(	(	PUNCT
ajfa-4132	72	36	2004	2004	NUM
ajfa-4132	72	37	)	)	PUNCT
ajfa-4132	72	38	is	be	AUX
ajfa-4132	72	39	that	that	SCONJ
ajfa-4132	72	40	the	the	DET
ajfa-4132	72	41	synch	synch	NOUN
ajfa-4132	72	42	(	(	PUNCT
ajfa-4132	72	43	the	the	DET
ajfa-4132	72	44	standard	standard	NOUN
ajfa-4132	72	45	of	of	ADP
ajfa-4132	72	46	stock	stock	NOUN
ajfa-4132	72	47	market	market	NOUN
ajfa-4132	72	48	reaction	reaction	NOUN
ajfa-4132	72	49	)	)	PUNCT
ajfa-4132	72	50	as	as	ADP
ajfa-4132	72	51	the	the	DET
ajfa-4132	72	52	dependent	dependent	ADJ
ajfa-4132	72	53	variable	variable	NOUN
ajfa-4132	72	54	and	and	CCONJ
ajfa-4132	72	55	abfee	abfee	NOUN
ajfa-4132	72	56	(	(	PUNCT
ajfa-4132	72	57	abnormal	abnormal	ADJ
ajfa-4132	72	58	fees	fee	NOUN
ajfa-4132	72	59	)	)	PUNCT
ajfa-4132	72	60	as	as	ADP
ajfa-4132	72	61	the	the	DET
ajfa-4132	72	62	independent	independent	ADJ
ajfa-4132	72	63	variable	variable	NOUN
ajfa-4132	72	64	.	.	PUNCT
ajfa-4132	73	1	and	and	CCONJ
ajfa-4132	73	2	also	also	ADV
ajfa-4132	73	3	,	,	PUNCT
ajfa-4132	73	4	in	in	ADP
ajfa-4132	73	5	this	this	DET
ajfa-4132	73	6	study	study	NOUN
ajfa-4132	73	7	,	,	PUNCT
ajfa-4132	73	8	lognind	lognind	ADJ
ajfa-4132	73	9	,	,	PUNCT
ajfa-4132	73	10	big	big	ADJ
ajfa-4132	73	11	auditor	auditor	NOUN
ajfa-4132	73	12	,	,	PUNCT
ajfa-4132	73	13	firmage	firmage	NOUN
ajfa-4132	73	14	and	and	CCONJ
ajfa-4132	73	15	asset	asset	NOUN
ajfa-4132	73	16	has	have	AUX
ajfa-4132	73	17	been	be	AUX
ajfa-4132	73	18	considered	consider	VERB
ajfa-4132	73	19	as	as	ADP
ajfa-4132	73	20	a	a	DET
ajfa-4132	73	21	control	control	NOUN
ajfa-4132	73	22	variable	variable	NOUN
ajfa-4132	73	23	.	.	PUNCT
ajfa-4132	74	1	syanch	syanch	NOUN
ajfa-4132	75	1	=	=	PUNCT
ajfa-4132	76	1	+	+	CCONJ
ajfa-4132	76	2	abfee+	abfee+	X
ajfa-4132	76	3	lognind	lognind	VERB
ajfa-4132	76	4	+	+	CCONJ
ajfa-4132	76	5	quality	quality	NOUN
ajfa-4132	76	6	+	+	CCONJ
ajfa-4132	76	7	firmage	firmage	NOUN
ajfa-4132	76	8	+	+	CCONJ
ajfa-4132	76	9	logasset	logasset	NOUN
ajfa-4132	76	10	+	+	CCONJ
ajfa-4132	76	11	e	e	NOUN
ajfa-4132	76	12	synch	synch	NOUN
ajfa-4132	76	13	:	:	PUNCT
ajfa-4132	76	14	the	the	DET
ajfa-4132	76	15	standard	standard	NOUN
ajfa-4132	76	16	of	of	ADP
ajfa-4132	76	17	stock	stock	NOUN
ajfa-4132	76	18	market	market	NOUN
ajfa-4132	76	19	reaction	reaction	NOUN
ajfa-4132	76	20	as	as	ADP
ajfa-4132	76	21	the	the	DET
ajfa-4132	76	22	dependent	dependent	ADJ
ajfa-4132	76	23	variable	variable	ADJ
ajfa-4132	76	24	abfee	abfee	NOUN
ajfa-4132	76	25	:	:	PUNCT
ajfa-4132	76	26	abnormal	abnormal	ADJ
ajfa-4132	76	27	audit	audit	NOUN
ajfa-4132	76	28	fees	fee	NOUN
ajfa-4132	76	29	as	as	ADP
ajfa-4132	76	30	the	the	DET
ajfa-4132	76	31	independent	independent	ADJ
ajfa-4132	76	32	variable	variable	ADJ
ajfa-4132	76	33	lognind	lognind	NOUN
ajfa-4132	76	34	:	:	PUNCT
ajfa-4132	76	35	as	as	SCONJ
ajfa-4132	76	36	the	the	DET
ajfa-4132	76	37	control	control	NOUN
ajfa-4132	76	38	variable	variable	NOUN
ajfa-4132	76	39	is	be	AUX
ajfa-4132	76	40	defined	define	VERB
ajfa-4132	76	41	as	as	ADP
ajfa-4132	76	42	the	the	DET
ajfa-4132	76	43	natural	natural	ADJ
ajfa-4132	76	44	logarithm	logarithm	NOUN
ajfa-4132	76	45	of	of	ADP
ajfa-4132	76	46	the	the	DET
ajfa-4132	76	47	number	number	NOUN
ajfa-4132	76	48	of	of	ADP
ajfa-4132	76	49	firms	firm	NOUN
ajfa-4132	76	50	in	in	ADP
ajfa-4132	76	51	asian	asian	ADJ
ajfa-4132	76	52	journal	journal	NOUN
ajfa-4132	76	53	of	of	ADP
ajfa-4132	76	54	finance	finance	PROPN
ajfa-4132	76	55	&	&	CCONJ
ajfa-4132	76	56	accounting	accounting	PROPN
ajfa-4132	76	57	issn	issn	PROPN
ajfa-4132	76	58	1946	1946	NUM
ajfa-4132	76	59	-	-	PUNCT
ajfa-4132	76	60	052x	052x	NOUN
ajfa-4132	76	61	2013	2013	NUM
ajfa-4132	76	62	,	,	PUNCT
ajfa-4132	76	63	vol	vol	NOUN
ajfa-4132	76	64	.	.	PROPN
ajfa-4132	76	65	5	5	NUM
ajfa-4132	76	66	,	,	PUNCT
ajfa-4132	76	67	no	no	INTJ
ajfa-4132	76	68	.	.	NOUN
ajfa-4132	76	69	2	2	NUM
ajfa-4132	76	70	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4132	76	71	249	249	NUM
ajfa-4132	76	72	the	the	DET
ajfa-4132	76	73	industry	industry	NOUN
ajfa-4132	76	74	.	.	PUNCT
ajfa-4132	77	1	it	it	PRON
ajfa-4132	77	2	is	be	AUX
ajfa-4132	77	3	expected	expect	VERB
ajfa-4132	77	4	that	that	SCONJ
ajfa-4132	77	5	the	the	PRON
ajfa-4132	77	6	greater	great	ADJ
ajfa-4132	77	7	the	the	DET
ajfa-4132	77	8	number	number	NOUN
ajfa-4132	77	9	of	of	ADP
ajfa-4132	77	10	firms	firm	NOUN
ajfa-4132	77	11	in	in	ADP
ajfa-4132	77	12	a	a	DET
ajfa-4132	77	13	particular	particular	ADJ
ajfa-4132	77	14	industry	industry	NOUN
ajfa-4132	77	15	,	,	PUNCT
ajfa-4132	77	16	contact	contact	NOUN
ajfa-4132	77	17	information	information	NOUN
ajfa-4132	77	18	,	,	PUNCT
ajfa-4132	77	19	according	accord	VERB
ajfa-4132	77	20	to	to	ADP
ajfa-4132	77	21	the	the	DET
ajfa-4132	77	22	characteristics	characteristic	NOUN
ajfa-4132	77	23	of	of	ADP
ajfa-4132	77	24	the	the	DET
ajfa-4132	77	25	industry	industry	NOUN
ajfa-4132	77	26	,	,	PUNCT
ajfa-4132	77	27	the	the	DET
ajfa-4132	77	28	stock	stock	NOUN
ajfa-4132	77	29	price	price	NOUN
ajfa-4132	77	30	increases	increase	NOUN
ajfa-4132	77	31	;	;	PUNCT
ajfa-4132	77	32	thus	thus	ADV
ajfa-4132	77	33	,	,	PUNCT
ajfa-4132	77	34	this	this	PRON
ajfa-4132	77	35	leads	lead	VERB
ajfa-4132	77	36	to	to	ADP
ajfa-4132	77	37	a	a	DET
ajfa-4132	77	38	lower	low	ADJ
ajfa-4132	77	39	stock	stock	NOUN
ajfa-4132	77	40	price	price	NOUN
ajfa-4132	77	41	synchronicity	synchronicity	NOUN
ajfa-4132	77	42	(	(	PUNCT
ajfa-4132	77	43	the	the	DET
ajfa-4132	77	44	information	information	NOUN
ajfa-4132	77	45	of	of	ADP
ajfa-4132	77	46	the	the	DET
ajfa-4132	77	47	share	share	NOUN
ajfa-4132	77	48	price	price	NOUN
ajfa-4132	77	49	of	of	ADP
ajfa-4132	77	50	these	these	DET
ajfa-4132	77	51	companies	company	NOUN
ajfa-4132	77	52	will	will	AUX
ajfa-4132	77	53	be	be	AUX
ajfa-4132	77	54	affected	affect	VERB
ajfa-4132	77	55	more	more	ADJ
ajfa-4132	77	56	)	)	PUNCT
ajfa-4132	77	57	.	.	PUNCT
ajfa-4132	78	1	quality	quality	NOUN
ajfa-4132	78	2	:	:	PUNCT
ajfa-4132	78	3	this	this	DET
ajfa-4132	78	4	variable	variable	NOUN
ajfa-4132	78	5	as	as	ADP
ajfa-4132	78	6	a	a	DET
ajfa-4132	78	7	dummy	dummy	ADJ
ajfa-4132	78	8	variable	variable	NOUN
ajfa-4132	78	9	takes	take	VERB
ajfa-4132	78	10	1	1	NUM
ajfa-4132	78	11	if	if	SCONJ
ajfa-4132	78	12	audit	audit	NOUN
ajfa-4132	78	13	firm	firm	NOUN
ajfa-4132	78	14	is	be	AUX
ajfa-4132	78	15	of	of	ADP
ajfa-4132	78	16	high	high	ADJ
ajfa-4132	78	17	quality	quality	NOUN
ajfa-4132	78	18	.	.	PUNCT
ajfa-4132	79	1	quality	quality	NOUN
ajfa-4132	79	2	of	of	ADP
ajfa-4132	79	3	the	the	DET
ajfa-4132	79	4	audit	audit	NOUN
ajfa-4132	79	5	firm	firm	NOUN
ajfa-4132	79	6	has	have	AUX
ajfa-4132	79	7	determined	determine	VERB
ajfa-4132	79	8	via	via	ADP
ajfa-4132	79	9	website	website	NOUN
ajfa-4132	79	10	of	of	ADP
ajfa-4132	79	11	iranian	iranian	PROPN
ajfa-4132	79	12	association	association	PROPN
ajfa-4132	79	13	of	of	ADP
ajfa-4132	79	14	certified	certify	VERB
ajfa-4132	79	15	public	public	ADJ
ajfa-4132	79	16	accountants	accountant	NOUN
ajfa-4132	79	17	(	(	PUNCT
ajfa-4132	79	18	iacpa	iacpa	PROPN
ajfa-4132	79	19	)	)	PUNCT
ajfa-4132	79	20	.	.	PUNCT
ajfa-4132	80	1	this	this	DET
ajfa-4132	80	2	variable	variable	NOUN
ajfa-4132	80	3	as	as	ADP
ajfa-4132	80	4	a	a	DET
ajfa-4132	80	5	dummy	dummy	ADJ
ajfa-4132	80	6	variable	variable	NOUN
ajfa-4132	80	7	take	take	VERB
ajfa-4132	80	8	1	1	NUM
ajfa-4132	80	9	if	if	SCONJ
ajfa-4132	80	10	the	the	DET
ajfa-4132	80	11	audit	audit	NOUN
ajfa-4132	80	12	firm	firm	NOUN
ajfa-4132	80	13	has	have	VERB
ajfa-4132	80	14	is	be	AUX
ajfa-4132	80	15	a	a	DET
ajfa-4132	80	16	score	score	NOUN
ajfa-4132	80	17	of	of	ADP
ajfa-4132	80	18	a	a	PRON
ajfa-4132	80	19	;	;	PUNCT
ajfa-4132	80	20	otherwise	otherwise	ADV
ajfa-4132	80	21	zero	zero	NUM
ajfa-4132	80	22	.	.	PUNCT
ajfa-4132	81	1	it	it	PRON
ajfa-4132	81	2	is	be	AUX
ajfa-4132	81	3	expected	expect	VERB
ajfa-4132	81	4	that	that	SCONJ
ajfa-4132	81	5	receiving	receive	VERB
ajfa-4132	81	6	high	high	ADJ
ajfa-4132	81	7	fees	fee	NOUN
ajfa-4132	81	8	by	by	ADP
ajfa-4132	81	9	high	high	ADJ
ajfa-4132	81	10	quality	quality	NOUN
ajfa-4132	81	11	audit	audit	NOUN
ajfa-4132	81	12	firms	firm	NOUN
ajfa-4132	81	13	,	,	PUNCT
ajfa-4132	81	14	leading	lead	VERB
ajfa-4132	81	15	to	to	ADP
ajfa-4132	81	16	lower	low	ADJ
ajfa-4132	81	17	stock	stock	NOUN
ajfa-4132	81	18	price	price	NOUN
ajfa-4132	81	19	synchronicity	synchronicity	NOUN
ajfa-4132	81	20	and	and	CCONJ
ajfa-4132	81	21	hence	hence	ADV
ajfa-4132	81	22	stock	stock	NOUN
ajfa-4132	81	23	price	price	NOUN
ajfa-4132	81	24	data	datum	NOUN
ajfa-4132	81	25	will	will	AUX
ajfa-4132	81	26	be	be	AUX
ajfa-4132	81	27	most	most	ADV
ajfa-4132	81	28	affected	affected	ADJ
ajfa-4132	81	29	.	.	PUNCT
ajfa-4132	82	1	firmage	firmage	NOUN
ajfa-4132	82	2	:	:	PUNCT
ajfa-4132	82	3	presence	presence	NOUN
ajfa-4132	82	4	of	of	ADP
ajfa-4132	82	5	companies	company	NOUN
ajfa-4132	82	6	in	in	ADP
ajfa-4132	82	7	tehran	tehran	PROPN
ajfa-4132	82	8	stock	stock	PROPN
ajfa-4132	82	9	exchange	exchange	PROPN
ajfa-4132	82	10	(	(	PUNCT
ajfa-4132	82	11	tse	tse	PROPN
ajfa-4132	82	12	)	)	PUNCT
ajfa-4132	82	13	by	by	ADP
ajfa-4132	82	14	the	the	DET
ajfa-4132	82	15	end	end	NOUN
ajfa-4132	82	16	year	year	NOUN
ajfa-4132	82	17	2010	2010	NUM
ajfa-4132	82	18	is	be	AUX
ajfa-4132	82	19	defined	define	VERB
ajfa-4132	82	20	as	as	ADP
ajfa-4132	82	21	a	a	DET
ajfa-4132	82	22	control	control	NOUN
ajfa-4132	82	23	variable	variable	NOUN
ajfa-4132	82	24	.	.	PUNCT
ajfa-4132	83	1	information	information	NOUN
ajfa-4132	83	2	environment	environment	NOUN
ajfa-4132	83	3	of	of	ADP
ajfa-4132	83	4	older	old	ADJ
ajfa-4132	83	5	companies	company	NOUN
ajfa-4132	83	6	are	be	AUX
ajfa-4132	83	7	more	more	ADV
ajfa-4132	83	8	reliable	reliable	ADJ
ajfa-4132	83	9	and	and	CCONJ
ajfa-4132	83	10	accurate	accurate	ADJ
ajfa-4132	83	11	than	than	ADP
ajfa-4132	83	12	emerging	emerge	VERB
ajfa-4132	83	13	ones	one	NOUN
ajfa-4132	83	14	and	and	CCONJ
ajfa-4132	83	15	capital	capital	NOUN
ajfa-4132	83	16	market	market	NOUN
ajfa-4132	83	17	uses	use	VERB
ajfa-4132	83	18	company	company	NOUN
ajfa-4132	83	19	information	information	NOUN
ajfa-4132	83	20	rather	rather	ADV
ajfa-4132	83	21	than	than	ADP
ajfa-4132	83	22	alarmist	alarmist	ADJ
ajfa-4132	83	23	methods	method	NOUN
ajfa-4132	83	24	to	to	PART
ajfa-4132	83	25	evaluate	evaluate	VERB
ajfa-4132	83	26	stock	stock	NOUN
ajfa-4132	83	27	prices	price	NOUN
ajfa-4132	83	28	over	over	ADP
ajfa-4132	83	29	time	time	NOUN
ajfa-4132	83	30	.	.	PUNCT
ajfa-4132	84	1	therefore	therefore	ADV
ajfa-4132	84	2	,	,	PUNCT
ajfa-4132	84	3	it	it	PRON
ajfa-4132	84	4	is	be	AUX
ajfa-4132	84	5	expected	expect	VERB
ajfa-4132	84	6	that	that	SCONJ
ajfa-4132	84	7	firms	firm	NOUN
ajfa-4132	84	8	with	with	ADP
ajfa-4132	84	9	long	long	ADJ
ajfa-4132	84	10	life	life	NOUN
ajfa-4132	84	11	relates	relate	VERB
ajfa-4132	84	12	more	more	ADJ
ajfa-4132	84	13	the	the	DET
ajfa-4132	84	14	companies	company	NOUN
ajfa-4132	84	15	'	'	PART
ajfa-4132	84	16	information	information	NOUN
ajfa-4132	84	17	with	with	ADP
ajfa-4132	84	18	their	their	PRON
ajfa-4132	84	19	stock	stock	NOUN
ajfa-4132	84	20	price	price	NOUN
ajfa-4132	84	21	in	in	ADP
ajfa-4132	84	22	stock	stock	NOUN
ajfa-4132	84	23	exchange	exchange	NOUN
ajfa-4132	84	24	.	.	PUNCT
ajfa-4132	85	1	logasset	logasset	NOUN
ajfa-4132	85	2	:	:	PUNCT
ajfa-4132	85	3	natural	natural	ADJ
ajfa-4132	85	4	logarithm	logarithm	NOUN
ajfa-4132	85	5	of	of	ADP
ajfa-4132	85	6	total	total	ADJ
ajfa-4132	85	7	assets	asset	NOUN
ajfa-4132	85	8	is	be	AUX
ajfa-4132	85	9	defined	define	VERB
ajfa-4132	85	10	as	as	ADP
ajfa-4132	85	11	a	a	DET
ajfa-4132	85	12	control	control	NOUN
ajfa-4132	85	13	variable	variable	NOUN
ajfa-4132	85	14	.	.	PUNCT
ajfa-4132	86	1	with	with	ADP
ajfa-4132	86	2	increasing	increase	VERB
ajfa-4132	86	3	the	the	DET
ajfa-4132	86	4	total	total	ADJ
ajfa-4132	86	5	assets	asset	NOUN
ajfa-4132	86	6	in	in	ADP
ajfa-4132	86	7	the	the	DET
ajfa-4132	86	8	financial	financial	ADJ
ajfa-4132	86	9	statements	statement	NOUN
ajfa-4132	86	10	,	,	PUNCT
ajfa-4132	86	11	the	the	DET
ajfa-4132	86	12	financial	financial	ADJ
ajfa-4132	86	13	statements	statement	NOUN
ajfa-4132	86	14	will	will	AUX
ajfa-4132	86	15	be	be	AUX
ajfa-4132	86	16	of	of	ADP
ajfa-4132	86	17	most	most	ADJ
ajfa-4132	86	18	interest	interest	NOUN
ajfa-4132	86	19	and	and	CCONJ
ajfa-4132	86	20	this	this	PRON
ajfa-4132	86	21	leads	lead	VERB
ajfa-4132	86	22	to	to	ADP
ajfa-4132	86	23	lower	low	ADJ
ajfa-4132	86	24	stock	stock	NOUN
ajfa-4132	86	25	price	price	NOUN
ajfa-4132	86	26	synchronicity	synchronicity	NOUN
ajfa-4132	86	27	(	(	PUNCT
ajfa-4132	86	28	stock	stock	NOUN
ajfa-4132	86	29	market	market	NOUN
ajfa-4132	86	30	reaction	reaction	NOUN
ajfa-4132	86	31	to	to	ADP
ajfa-4132	86	32	company	company	NOUN
ajfa-4132	86	33	information	information	NOUN
ajfa-4132	86	34	)	)	PUNCT
ajfa-4132	86	35	.	.	PUNCT
ajfa-4132	87	1	e	e	X
ajfa-4132	87	2	:	:	PUNCT
ajfa-4132	87	3	residuals	residual	NOUN
ajfa-4132	87	4	for	for	ADP
ajfa-4132	87	5	firm	firm	ADJ
ajfa-4132	87	6	i	i	PRON
ajfa-4132	87	7	at	at	ADP
ajfa-4132	87	8	time	time	NOUN
ajfa-4132	87	9	t	t	PROPN
ajfa-4132	87	10	,	,	PUNCT
ajfa-4132	87	11	4	4	NUM
ajfa-4132	87	12	.	.	PUNCT
ajfa-4132	87	13	empirical	empirical	ADJ
ajfa-4132	87	14	results	result	NOUN
ajfa-4132	87	15	tables	table	VERB
ajfa-4132	87	16	1	1	NUM
ajfa-4132	87	17	and	and	CCONJ
ajfa-4132	87	18	2	2	NUM
ajfa-4132	87	19	show	show	VERB
ajfa-4132	87	20	the	the	DET
ajfa-4132	87	21	descriptive	descriptive	ADJ
ajfa-4132	87	22	statistics	statistic	NOUN
ajfa-4132	87	23	of	of	ADP
ajfa-4132	87	24	the	the	DET
ajfa-4132	87	25	study	study	NOUN
ajfa-4132	87	26	.	.	PUNCT
ajfa-4132	88	1	according	accord	VERB
ajfa-4132	88	2	to	to	ADP
ajfa-4132	88	3	the	the	DET
ajfa-4132	88	4	table	table	NOUN
ajfa-4132	88	5	1	1	NUM
ajfa-4132	88	6	,	,	PUNCT
ajfa-4132	88	7	the	the	DET
ajfa-4132	88	8	central	central	ADJ
ajfa-4132	88	9	indicators	indicator	NOUN
ajfa-4132	88	10	such	such	ADJ
ajfa-4132	88	11	as	as	ADP
ajfa-4132	88	12	mean	mean	ADJ
ajfa-4132	88	13	,	,	PUNCT
ajfa-4132	88	14	median	median	ADJ
ajfa-4132	88	15	,	,	PUNCT
ajfa-4132	88	16	and	and	CCONJ
ajfa-4132	88	17	indicators	indicator	NOUN
ajfa-4132	88	18	of	of	ADP
ajfa-4132	88	19	dispersion	dispersion	NOUN
ajfa-4132	88	20	,	,	PUNCT
ajfa-4132	88	21	standard	standard	ADJ
ajfa-4132	88	22	deviation	deviation	NOUN
ajfa-4132	88	23	,	,	PUNCT
ajfa-4132	88	24	kurtosis	kurtosis	NOUN
ajfa-4132	88	25	and	and	CCONJ
ajfa-4132	88	26	skewness	skewness	NOUN
ajfa-4132	88	27	have	have	AUX
ajfa-4132	88	28	been	be	AUX
ajfa-4132	88	29	calculated	calculate	VERB
ajfa-4132	88	30	for	for	ADP
ajfa-4132	88	31	different	different	ADJ
ajfa-4132	88	32	variables	variable	NOUN
ajfa-4132	88	33	.	.	PUNCT
ajfa-4132	89	1	if	if	SCONJ
ajfa-4132	89	2	mean	mean	ADJ
ajfa-4132	89	3	is	be	AUX
ajfa-4132	89	4	more	more	ADJ
ajfa-4132	89	5	than	than	ADP
ajfa-4132	89	6	median	median	NOUN
ajfa-4132	89	7	representing	represent	VERB
ajfa-4132	89	8	that	that	SCONJ
ajfa-4132	89	9	there	there	PRON
ajfa-4132	89	10	are	be	VERB
ajfa-4132	89	11	big	big	ADJ
ajfa-4132	89	12	points	point	NOUN
ajfa-4132	89	13	among	among	ADP
ajfa-4132	89	14	data	datum	NOUN
ajfa-4132	89	15	.	.	PUNCT
ajfa-4132	90	1	in	in	ADP
ajfa-4132	90	2	these	these	DET
ajfa-4132	90	3	cases	case	NOUN
ajfa-4132	90	4	,	,	PUNCT
ajfa-4132	90	5	the	the	DET
ajfa-4132	90	6	data	data	NOUN
ajfa-4132	90	7	distribution	distribution	NOUN
ajfa-4132	90	8	is	be	AUX
ajfa-4132	90	9	skewness	skewness	NOUN
ajfa-4132	90	10	to	to	ADP
ajfa-4132	90	11	right	right	NOUN
ajfa-4132	90	12	,	,	PUNCT
ajfa-4132	90	13	for	for	ADP
ajfa-4132	90	14	instance	instance	NOUN
ajfa-4132	90	15	,	,	PUNCT
ajfa-4132	90	16	the	the	DET
ajfa-4132	90	17	distribution	distribution	NOUN
ajfa-4132	90	18	in	in	ADP
ajfa-4132	90	19	firmage	firmage	NOUN
ajfa-4132	90	20	is	be	AUX
ajfa-4132	90	21	skewness	skewness	NOUN
ajfa-4132	90	22	to	to	ADP
ajfa-4132	90	23	right	right	NOUN
ajfa-4132	90	24	.	.	PUNCT
ajfa-4132	91	1	there	there	PRON
ajfa-4132	91	2	is	be	VERB
ajfa-4132	91	3	no	no	DET
ajfa-4132	91	4	skewness	skewness	NOUN
ajfa-4132	91	5	to	to	ADP
ajfa-4132	91	6	right	right	NOUN
ajfa-4132	91	7	,	,	PUNCT
ajfa-4132	91	8	just	just	ADV
ajfa-4132	91	9	the	the	DET
ajfa-4132	91	10	mean	mean	ADJ
ajfa-4132	91	11	and	and	CCONJ
ajfa-4132	91	12	median	median	ADJ
ajfa-4132	91	13	values	value	NOUN
ajfa-4132	91	14	of	of	ADP
ajfa-4132	91	15	some	some	DET
ajfa-4132	91	16	variables	variable	NOUN
ajfa-4132	91	17	is	be	AUX
ajfa-4132	91	18	close	close	ADJ
ajfa-4132	91	19	to	to	ADP
ajfa-4132	91	20	the	the	DET
ajfa-4132	91	21	distribution	distribution	NOUN
ajfa-4132	91	22	that	that	SCONJ
ajfa-4132	91	23	it	it	PRON
ajfa-4132	91	24	indicate	indicate	VERB
ajfa-4132	91	25	that	that	SCONJ
ajfa-4132	91	26	variables	variable	NOUN
ajfa-4132	91	27	are	be	AUX
ajfa-4132	91	28	symmetric	symmetric	ADJ
ajfa-4132	91	29	.	.	PUNCT
ajfa-4132	92	1	almost	almost	ADV
ajfa-4132	92	2	all	all	PRON
ajfa-4132	92	3	other	other	ADJ
ajfa-4132	92	4	variables	variable	NOUN
ajfa-4132	92	5	except	except	SCONJ
ajfa-4132	92	6	for	for	ADP
ajfa-4132	92	7	the	the	DET
ajfa-4132	92	8	mentioned	mention	VERB
ajfa-4132	92	9	variables	variable	NOUN
ajfa-4132	92	10	,	,	PUNCT
ajfa-4132	92	11	particularly	particularly	ADV
ajfa-4132	92	12	dependent	dependent	ADJ
ajfa-4132	92	13	variable	variable	NOUN
ajfa-4132	92	14	,	,	PUNCT
ajfa-4132	92	15	are	be	AUX
ajfa-4132	92	16	symmetry	symmetry	NOUN
ajfa-4132	92	17	relatively	relatively	ADV
ajfa-4132	92	18	.	.	PUNCT
ajfa-4132	93	1	this	this	DET
ajfa-4132	93	2	feature	feature	NOUN
ajfa-4132	93	3	is	be	AUX
ajfa-4132	93	4	important	important	ADJ
ajfa-4132	93	5	because	because	SCONJ
ajfa-4132	93	6	the	the	DET
ajfa-4132	93	7	symmetry	symmetry	NOUN
ajfa-4132	93	8	is	be	AUX
ajfa-4132	93	9	one	one	NUM
ajfa-4132	93	10	of	of	ADP
ajfa-4132	93	11	the	the	DET
ajfa-4132	93	12	properties	property	NOUN
ajfa-4132	93	13	of	of	ADP
ajfa-4132	93	14	normal	normal	ADJ
ajfa-4132	93	15	distribution	distribution	NOUN
ajfa-4132	93	16	.	.	PUNCT
ajfa-4132	94	1	dependent	dependent	ADJ
ajfa-4132	94	2	variable	variable	NOUN
ajfa-4132	94	3	is	be	AUX
ajfa-4132	94	4	observed	observe	VERB
ajfa-4132	94	5	with	with	ADP
ajfa-4132	94	6	symmetry	symmetry	NOUN
ajfa-4132	94	7	and	and	CCONJ
ajfa-4132	94	8	skewness	skewness	NOUN
ajfa-4132	94	9	distribution	distribution	NOUN
ajfa-4132	94	10	close	close	ADV
ajfa-4132	94	11	to	to	ADP
ajfa-4132	94	12	the	the	DET
ajfa-4132	94	13	normal	normal	ADJ
ajfa-4132	94	14	distribution	distribution	NOUN
ajfa-4132	94	15	(	(	PUNCT
ajfa-4132	94	16	stretching	stretching	NOUN
ajfa-4132	94	17	and	and	CCONJ
ajfa-4132	94	18	skewness	skewness	NOUN
ajfa-4132	94	19	rate	rate	NOUN
ajfa-4132	94	20	in	in	ADP
ajfa-4132	94	21	normal	normal	ADJ
ajfa-4132	94	22	distribution	distribution	NOUN
ajfa-4132	94	23	is	be	AUX
ajfa-4132	94	24	zero	zero	NUM
ajfa-4132	94	25	)	)	PUNCT
ajfa-4132	94	26	.	.	PUNCT
ajfa-4132	95	1	in	in	ADP
ajfa-4132	95	2	table	table	NOUN
ajfa-4132	95	3	2	2	NUM
ajfa-4132	95	4	,	,	PUNCT
ajfa-4132	95	5	17.7	17.7	NUM
ajfa-4132	95	6	%	%	NOUN
ajfa-4132	95	7	of	of	ADP
ajfa-4132	95	8	the	the	DET
ajfa-4132	95	9	data	data	NOUN
ajfa-4132	95	10	is	be	AUX
ajfa-4132	95	11	zero	zero	NUM
ajfa-4132	95	12	value	value	NOUN
ajfa-4132	95	13	for	for	ADP
ajfa-4132	95	14	quality	quality	NOUN
ajfa-4132	95	15	and	and	CCONJ
ajfa-4132	95	16	82.3	82.3	NUM
ajfa-4132	95	17	%	%	NOUN
ajfa-4132	95	18	is	be	AUX
ajfa-4132	95	19	one	one	NUM
ajfa-4132	95	20	value	value	NOUN
ajfa-4132	95	21	.	.	PUNCT
ajfa-4132	96	1	table	table	NOUN
ajfa-4132	96	2	1	1	NUM
ajfa-4132	96	3	.	.	PUNCT
ajfa-4132	96	4	descriptive	descriptive	ADJ
ajfa-4132	96	5	statistics	statistic	NOUN
ajfa-4132	96	6	variable	variable	ADJ
ajfa-4132	96	7	mean	mean	VERB
ajfa-4132	96	8	median	median	PROPN
ajfa-4132	96	9	std.dev	std.dev	PROPN
ajfa-4132	96	10	skewness	skewness	NOUN
ajfa-4132	96	11	kurtosis	kurtosis	VERB
ajfa-4132	96	12	min	min	PROPN
ajfa-4132	96	13	max	max	PROPN
ajfa-4132	96	14	synch	synch	PROPN
ajfa-4132	96	15	-1.220	-1.220	PROPN
ajfa-4132	96	16	-1.0724	-1.0724	PROPN
ajfa-4132	96	17	1.01852	1.01852	NUM
ajfa-4132	96	18	-.769	-.769	NOUN
ajfa-4132	96	19	.516	.516	NUM
ajfa-4132	96	20	-4.31	-4.31	NUM
ajfa-4132	97	1	1.02	1.02	NUM
ajfa-4132	97	2	abfee	abfee	NOUN
ajfa-4132	97	3	.01914	.01914	PROPN
ajfa-4132	97	4	.00515	.00515	PROPN
ajfa-4132	97	5	.519731	.519731	PROPN
ajfa-4132	97	6	-.181	-.181	PROPN
ajfa-4132	97	7	.467	.467	NUM
ajfa-4132	97	8	-1.988	-1.988	PUNCT
ajfa-4132	97	9	1.790	1.790	NUM
ajfa-4132	97	10	lognind	lognind	NOUN
ajfa-4132	97	11	1.1373	1.1373	NUM
ajfa-4132	97	12	1.1761	1.1761	NUM
ajfa-4132	97	13	.36300	.36300	PUNCT
ajfa-4132	97	14	-1.414	-1.414	PUNCT
ajfa-4132	97	15	1.692	1.692	NUM
ajfa-4132	97	16	.00	.00	NUM
ajfa-4132	97	17	1.46	1.46	NUM
ajfa-4132	97	18	frinage	frinage	NOUN
ajfa-4132	97	19	15.37	15.37	NUM
ajfa-4132	97	20	14.00	14.00	NUM
ajfa-4132	97	21	8.534	8.534	NUM
ajfa-4132	97	22	1.607	1.607	NUM
ajfa-4132	97	23	2.294	2.294	NUM
ajfa-4132	97	24	5	5	NUM
ajfa-4132	97	25	45	45	NUM
ajfa-4132	97	26	logasset	logasset	VERB
ajfa-4132	97	27	5.5497	5.5497	NUM
ajfa-4132	97	28	5.5428	5.5428	NUM
ajfa-4132	97	29	.49803	.49803	NOUN
ajfa-4132	97	30	.055	.055	NUM
ajfa-4132	97	31	.123	.123	NUM
ajfa-4132	97	32	4.10	4.10	NUM
ajfa-4132	97	33	6.97	6.97	NUM
ajfa-4132	97	34	asian	asian	ADJ
ajfa-4132	97	35	journal	journal	NOUN
ajfa-4132	97	36	of	of	ADP
ajfa-4132	97	37	finance	finance	PROPN
ajfa-4132	97	38	&	&	CCONJ
ajfa-4132	97	39	accounting	accounting	PROPN
ajfa-4132	97	40	issn	issn	PROPN
ajfa-4132	97	41	1946	1946	NUM
ajfa-4132	97	42	-	-	PUNCT
ajfa-4132	97	43	052x	052x	NOUN
ajfa-4132	97	44	2013	2013	NUM
ajfa-4132	97	45	,	,	PUNCT
ajfa-4132	97	46	vol	vol	NOUN
ajfa-4132	97	47	.	.	PROPN
ajfa-4132	97	48	5	5	NUM
ajfa-4132	97	49	,	,	PUNCT
ajfa-4132	97	50	no	no	INTJ
ajfa-4132	97	51	.	.	NOUN
ajfa-4132	97	52	2	2	NUM
ajfa-4132	97	53	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4132	97	54	250	250	NUM
ajfa-4132	97	55	table	table	NOUN
ajfa-4132	97	56	2	2	NUM
ajfa-4132	97	57	.	.	PUNCT
ajfa-4132	97	58	descriptive	descriptive	ADJ
ajfa-4132	97	59	statistics	statistic	NOUN
ajfa-4132	97	60	of	of	ADP
ajfa-4132	97	61	dummy	dummy	ADJ
ajfa-4132	97	62	variable	variable	ADJ
ajfa-4132	97	63	quality	quality	NOUN
ajfa-4132	97	64	of	of	ADP
ajfa-4132	97	65	audit	audit	NOUN
ajfa-4132	97	66	firms	firm	NOUN
ajfa-4132	97	67	dichotomous	dichotomous	ADJ
ajfa-4132	97	68	no	no	PRON
ajfa-4132	97	69	.	.	PUNCT
ajfa-4132	98	1	audit	audit	NOUN
ajfa-4132	98	2	firms	firm	NOUN
ajfa-4132	98	3	with	with	ADP
ajfa-4132	98	4	a	a	DET
ajfa-4132	98	5	score	score	NOUN
ajfa-4132	98	6	%	%	NOUN
ajfa-4132	98	7	audit	audit	NOUN
ajfa-4132	98	8	firms	firm	NOUN
ajfa-4132	98	9	with	with	ADP
ajfa-4132	98	10	a	a	DET
ajfa-4132	98	11	score	score	NOUN
ajfa-4132	98	12	0	0	NUM
ajfa-4132	98	13	63	63	NUM
ajfa-4132	98	14	17.7	17.7	NUM
ajfa-4132	98	15	%	%	NOUN
ajfa-4132	98	16	1	1	NUM
ajfa-4132	98	17	292	292	NUM
ajfa-4132	98	18	82.3	82.3	NUM
ajfa-4132	98	19	%	%	NOUN
ajfa-4132	98	20	table	table	NOUN
ajfa-4132	98	21	3	3	NUM
ajfa-4132	98	22	represents	represent	VERB
ajfa-4132	98	23	the	the	DET
ajfa-4132	98	24	results	result	NOUN
ajfa-4132	98	25	of	of	ADP
ajfa-4132	98	26	the	the	DET
ajfa-4132	98	27	relationship	relationship	NOUN
ajfa-4132	98	28	between	between	ADP
ajfa-4132	98	29	stock	stock	NOUN
ajfa-4132	98	30	price	price	NOUN
ajfa-4132	98	31	synchronicity	synchronicity	NOUN
ajfa-4132	98	32	,	,	PUNCT
ajfa-4132	98	33	measure	measure	NOUN
ajfa-4132	98	34	of	of	ADP
ajfa-4132	98	35	market	market	NOUN
ajfa-4132	98	36	reaction	reaction	NOUN
ajfa-4132	98	37	,	,	PUNCT
ajfa-4132	98	38	and	and	CCONJ
ajfa-4132	98	39	abnormal	abnormal	ADJ
ajfa-4132	98	40	audit	audit	NOUN
ajfa-4132	98	41	fees	fee	NOUN
ajfa-4132	98	42	using	use	VERB
ajfa-4132	98	43	multivariate	multivariate	NOUN
ajfa-4132	98	44	regression	regression	NOUN
ajfa-4132	98	45	.	.	PUNCT
ajfa-4132	99	1	regression	regression	NOUN
ajfa-4132	99	2	analysis	analysis	NOUN
ajfa-4132	99	3	shows	show	VERB
ajfa-4132	99	4	that	that	SCONJ
ajfa-4132	99	5	the	the	DET
ajfa-4132	99	6	determining	determine	VERB
ajfa-4132	99	7	factors	factor	NOUN
ajfa-4132	99	8	in	in	ADP
ajfa-4132	99	9	stock	stock	NOUN
ajfa-4132	99	10	price	price	NOUN
ajfa-4132	99	11	synchronicity	synchronicity	NOUN
ajfa-4132	99	12	variables	variable	NOUN
ajfa-4132	99	13	explain	explain	VERB
ajfa-4132	99	14	0.257	0.257	NUM
ajfa-4132	99	15	%	%	NOUN
ajfa-4132	99	16	of	of	ADP
ajfa-4132	99	17	variation	variation	NOUN
ajfa-4132	99	18	of	of	ADP
ajfa-4132	99	19	dependent	dependent	ADJ
ajfa-4132	99	20	variable	variable	NOUN
ajfa-4132	99	21	.	.	PUNCT
ajfa-4132	100	1	according	accord	VERB
ajfa-4132	100	2	to	to	ADP
ajfa-4132	100	3	the	the	DET
ajfa-4132	100	4	table	table	NOUN
ajfa-4132	100	5	3	3	NUM
ajfa-4132	100	6	,	,	PUNCT
ajfa-4132	100	7	it	it	PRON
ajfa-4132	100	8	can	can	AUX
ajfa-4132	100	9	be	be	AUX
ajfa-4132	100	10	noted	note	VERB
ajfa-4132	100	11	that	that	SCONJ
ajfa-4132	100	12	the	the	DET
ajfa-4132	100	13	multiple	multiple	ADJ
ajfa-4132	100	14	correlation	correlation	NOUN
ajfa-4132	100	15	coefficient	coefficient	NOUN
ajfa-4132	100	16	is	be	AUX
ajfa-4132	100	17	equal	equal	ADJ
ajfa-4132	100	18	to	to	ADP
ajfa-4132	100	19	0.257	0.257	NUM
ajfa-4132	100	20	(	(	PUNCT
ajfa-4132	100	21	mr	mr	PROPN
ajfa-4132	100	22	=	=	PROPN
ajfa-4132	100	23	0.257	0.257	NUM
ajfa-4132	100	24	)	)	PUNCT
ajfa-4132	100	25	,	,	PUNCT
ajfa-4132	100	26	and	and	CCONJ
ajfa-4132	100	27	the	the	DET
ajfa-4132	100	28	square	square	NOUN
ajfa-4132	100	29	of	of	ADP
ajfa-4132	100	30	the	the	DET
ajfa-4132	100	31	coefficient	coefficient	NOUN
ajfa-4132	100	32	of	of	ADP
ajfa-4132	100	33	determination	determination	NOUN
ajfa-4132	100	34	is	be	AUX
ajfa-4132	100	35	equal	equal	ADJ
ajfa-4132	100	36	to	to	ADP
ajfa-4132	100	37	0.066	0.066	NUM
ajfa-4132	100	38	.	.	PUNCT
ajfa-4132	101	1	so	so	ADV
ajfa-4132	101	2	,	,	PUNCT
ajfa-4132	101	3	the	the	DET
ajfa-4132	101	4	three	three	NUM
ajfa-4132	101	5	variables	variable	NOUN
ajfa-4132	101	6	of	of	ADP
ajfa-4132	101	7	abfee	abfee	NOUN
ajfa-4132	101	8	(	(	PUNCT
ajfa-4132	101	9	abnormal	abnormal	ADJ
ajfa-4132	101	10	audit	audit	NOUN
ajfa-4132	101	11	fees	fee	NOUN
ajfa-4132	101	12	)	)	PUNCT
ajfa-4132	101	13	,	,	PUNCT
ajfa-4132	101	14	logasset	logasset	NOUN
ajfa-4132	101	15	(	(	PUNCT
ajfa-4132	101	16	log	log	NOUN
ajfa-4132	101	17	of	of	ADP
ajfa-4132	101	18	total	total	ADJ
ajfa-4132	101	19	assets	asset	NOUN
ajfa-4132	101	20	)	)	PUNCT
ajfa-4132	101	21	and	and	CCONJ
ajfa-4132	101	22	firmage	firmage	NOUN
ajfa-4132	101	23	(	(	PUNCT
ajfa-4132	101	24	lifetime	lifetime	NOUN
ajfa-4132	101	25	of	of	ADP
ajfa-4132	101	26	the	the	DET
ajfa-4132	101	27	stock	stock	NOUN
ajfa-4132	101	28	)	)	PUNCT
ajfa-4132	101	29	explain	explain	VERB
ajfa-4132	101	30	the	the	DET
ajfa-4132	101	31	net	net	ADJ
ajfa-4132	101	32	rate	rate	NOUN
ajfa-4132	101	33	of	of	ADP
ajfa-4132	101	34	0.058	0.058	NUM
ajfa-4132	101	35	%	%	NOUN
ajfa-4132	101	36	of	of	ADP
ajfa-4132	101	37	the	the	DET
ajfa-4132	101	38	variance	variance	NOUN
ajfa-4132	101	39	in	in	ADP
ajfa-4132	101	40	the	the	DET
ajfa-4132	101	41	equations	equation	NOUN
ajfa-4132	101	42	in	in	ADP
ajfa-4132	101	43	stock	stock	NOUN
ajfa-4132	101	44	price	price	NOUN
ajfa-4132	101	45	synchronicity	synchronicity	NOUN
ajfa-4132	101	46	.	.	PUNCT
ajfa-4132	102	1	the	the	DET
ajfa-4132	102	2	other	other	ADJ
ajfa-4132	102	3	variables	variable	NOUN
ajfa-4132	102	4	by	by	ADP
ajfa-4132	102	5	external	external	ADJ
ajfa-4132	102	6	factors	factor	NOUN
ajfa-4132	102	7	and	and	CCONJ
ajfa-4132	102	8	unknown	unknown	ADJ
ajfa-4132	102	9	variances	variance	NOUN
ajfa-4132	102	10	which	which	PRON
ajfa-4132	102	11	has	have	AUX
ajfa-4132	102	12	not	not	PART
ajfa-4132	102	13	mentioned	mention	VERB
ajfa-4132	102	14	in	in	ADP
ajfa-4132	102	15	this	this	DET
ajfa-4132	102	16	study	study	NOUN
ajfa-4132	102	17	will	will	AUX
ajfa-4132	102	18	be	be	AUX
ajfa-4132	102	19	explained	explain	VERB
ajfa-4132	102	20	.	.	PUNCT
ajfa-4132	103	1	in	in	ADP
ajfa-4132	103	2	this	this	DET
ajfa-4132	103	3	model	model	NOUN
ajfa-4132	103	4	,	,	PUNCT
ajfa-4132	103	5	the	the	DET
ajfa-4132	103	6	most	most	ADV
ajfa-4132	103	7	important	important	ADJ
ajfa-4132	103	8	factors	factor	NOUN
ajfa-4132	103	9	that	that	PRON
ajfa-4132	103	10	influence	influence	VERB
ajfa-4132	103	11	the	the	DET
ajfa-4132	103	12	other	other	ADJ
ajfa-4132	103	13	factors	factor	NOUN
ajfa-4132	103	14	are	be	AUX
ajfa-4132	103	15	the	the	DET
ajfa-4132	103	16	variable	variable	ADJ
ajfa-4132	103	17	abnormal	abnormal	ADJ
ajfa-4132	103	18	audit	audit	NOUN
ajfa-4132	103	19	fees	fee	NOUN
ajfa-4132	103	20	.	.	PUNCT
ajfa-4132	104	1	t	t	NOUN
ajfa-4132	104	2	-	-	PUNCT
ajfa-4132	104	3	test	test	NOUN
ajfa-4132	104	4	of	of	ADP
ajfa-4132	104	5	the	the	DET
ajfa-4132	104	6	regression	regression	NOUN
ajfa-4132	104	7	coefficient	coefficient	NOUN
ajfa-4132	104	8	shows	show	VERB
ajfa-4132	104	9	that	that	SCONJ
ajfa-4132	104	10	the	the	DET
ajfa-4132	104	11	coefficient	coefficient	NOUN
ajfa-4132	104	12	was	be	AUX
ajfa-4132	104	13	significant	significant	ADJ
ajfa-4132	104	14	(	(	PUNCT
ajfa-4132	104	15	p<0.000	p<0.000	ADJ
ajfa-4132	104	16	)	)	PUNCT
ajfa-4132	104	17	and	and	CCONJ
ajfa-4132	104	18	the	the	DET
ajfa-4132	104	19	estimated	estimate	VERB
ajfa-4132	104	20	value	value	NOUN
ajfa-4132	104	21	of	of	ADP
ajfa-4132	104	22	stock	stock	NOUN
ajfa-4132	104	23	price	price	NOUN
ajfa-4132	104	24	synchronicity	synchronicity	NOUN
ajfa-4132	104	25	is	be	AUX
ajfa-4132	104	26	effective	effective	ADJ
ajfa-4132	104	27	(	(	PUNCT
ajfa-4132	104	28	table	table	NOUN
ajfa-4132	104	29	5	5	NUM
ajfa-4132	104	30	)	)	PUNCT
ajfa-4132	104	31	.	.	PUNCT
ajfa-4132	105	1	therefore	therefore	ADV
ajfa-4132	105	2	,	,	PUNCT
ajfa-4132	105	3	the	the	DET
ajfa-4132	105	4	three	three	NUM
ajfa-4132	105	5	variables	variable	NOUN
ajfa-4132	105	6	of	of	ADP
ajfa-4132	105	7	abfee	abfee	NOUN
ajfa-4132	105	8	,	,	PUNCT
ajfa-4132	105	9	logasset	logasset	NOUN
ajfa-4132	105	10	,	,	PUNCT
ajfa-4132	105	11	firmage	firmage	NOUN
ajfa-4132	105	12	have	have	VERB
ajfa-4132	105	13	a	a	DET
ajfa-4132	105	14	significant	significant	ADJ
ajfa-4132	105	15	impact	impact	NOUN
ajfa-4132	105	16	on	on	ADP
ajfa-4132	105	17	stock	stock	NOUN
ajfa-4132	105	18	price	price	NOUN
ajfa-4132	105	19	synchronicity	synchronicity	NOUN
ajfa-4132	105	20	,	,	PUNCT
ajfa-4132	105	21	but	but	CCONJ
ajfa-4132	105	22	figure	figure	VERB
ajfa-4132	105	23	6	6	NUM
ajfa-4132	105	24	indicates	indicate	VERB
ajfa-4132	105	25	that	that	SCONJ
ajfa-4132	105	26	there	there	PRON
ajfa-4132	105	27	is	be	VERB
ajfa-4132	105	28	no	no	DET
ajfa-4132	105	29	relationship	relationship	NOUN
ajfa-4132	105	30	between	between	ADP
ajfa-4132	105	31	the	the	DET
ajfa-4132	105	32	quality	quality	NOUN
ajfa-4132	105	33	of	of	ADP
ajfa-4132	105	34	the	the	DET
ajfa-4132	105	35	audit	audit	NOUN
ajfa-4132	105	36	firm	firm	NOUN
ajfa-4132	105	37	and	and	CCONJ
ajfa-4132	105	38	the	the	DET
ajfa-4132	105	39	logarithm	logarithm	NOUN
ajfa-4132	105	40	of	of	ADP
ajfa-4132	105	41	the	the	DET
ajfa-4132	105	42	number	number	NOUN
ajfa-4132	105	43	of	of	ADP
ajfa-4132	105	44	firms	firm	NOUN
ajfa-4132	105	45	in	in	ADP
ajfa-4132	105	46	the	the	DET
ajfa-4132	105	47	industry	industry	NOUN
ajfa-4132	105	48	with	with	ADP
ajfa-4132	105	49	stock	stock	NOUN
ajfa-4132	105	50	prices	price	NOUN
ajfa-4132	105	51	.	.	PUNCT
ajfa-4132	106	1	the	the	DET
ajfa-4132	106	2	anova	anova	PROPN
ajfa-4132	106	3	’s	’s	PART
ajfa-4132	106	4	results	result	NOUN
ajfa-4132	106	5	in	in	ADP
ajfa-4132	106	6	table	table	NOUN
ajfa-4132	106	7	4	4	NUM
ajfa-4132	106	8	shows	show	VERB
ajfa-4132	106	9	that	that	SCONJ
ajfa-4132	106	10	the	the	DET
ajfa-4132	106	11	calculated	calculated	ADJ
ajfa-4132	106	12	level	level	NOUN
ajfa-4132	106	13	of	of	ADP
ajfa-4132	106	14	significance	significance	NOUN
ajfa-4132	106	15	for	for	ADP
ajfa-4132	106	16	this	this	DET
ajfa-4132	106	17	statistic	statistic	NOUN
ajfa-4132	106	18	is	be	AUX
ajfa-4132	106	19	equal	equal	ADJ
ajfa-4132	106	20	to	to	ADP
ajfa-4132	106	21	0.000	0.000	NUM
ajfa-4132	106	22	;	;	PUNCT
ajfa-4132	106	23	it	it	PRON
ajfa-4132	106	24	shows	show	VERB
ajfa-4132	106	25	a	a	DET
ajfa-4132	106	26	significant	significant	ADJ
ajfa-4132	106	27	regression	regression	NOUN
ajfa-4132	106	28	in	in	ADP
ajfa-4132	106	29	99	99	NUM
ajfa-4132	106	30	%	%	NOUN
ajfa-4132	106	31	(	(	PUNCT
ajfa-4132	106	32	p<0.000	p<0.000	PROPN
ajfa-4132	106	33	)	)	PUNCT
ajfa-4132	106	34	,	,	PUNCT
ajfa-4132	106	35	the	the	DET
ajfa-4132	106	36	negative	negative	ADJ
ajfa-4132	106	37	relationship	relationship	NOUN
ajfa-4132	106	38	between	between	ADP
ajfa-4132	106	39	stock	stock	NOUN
ajfa-4132	106	40	price	price	NOUN
ajfa-4132	106	41	synchronicity	synchronicity	NOUN
ajfa-4132	106	42	and	and	CCONJ
ajfa-4132	106	43	audit	audit	NOUN
ajfa-4132	106	44	fees	fee	NOUN
ajfa-4132	106	45	that	that	PRON
ajfa-4132	106	46	represent	represent	VERB
ajfa-4132	106	47	abnormal	abnormal	ADJ
ajfa-4132	106	48	stock	stock	NOUN
ajfa-4132	106	49	market	market	NOUN
ajfa-4132	106	50	reaction	reaction	NOUN
ajfa-4132	106	51	is	be	AUX
ajfa-4132	106	52	positive	positive	ADJ
ajfa-4132	106	53	.	.	PUNCT
ajfa-4132	107	1	so	so	ADV
ajfa-4132	107	2	the	the	DET
ajfa-4132	107	3	main	main	ADJ
ajfa-4132	107	4	research	research	NOUN
ajfa-4132	107	5	hypothesis	hypothesis	NOUN
ajfa-4132	107	6	is	be	AUX
ajfa-4132	107	7	confirmed	confirm	VERB
ajfa-4132	107	8	.	.	PUNCT
ajfa-4132	108	1	table	table	NOUN
ajfa-4132	108	2	3	3	NUM
ajfa-4132	108	3	is	be	AUX
ajfa-4132	108	4	the	the	DET
ajfa-4132	108	5	results	result	NOUN
ajfa-4132	108	6	of	of	ADP
ajfa-4132	108	7	the	the	DET
ajfa-4132	108	8	relationship	relationship	NOUN
ajfa-4132	108	9	between	between	ADP
ajfa-4132	108	10	stock	stock	NOUN
ajfa-4132	108	11	price	price	NOUN
ajfa-4132	108	12	synchronicity	synchronicity	NOUN
ajfa-4132	108	13	,	,	PUNCT
ajfa-4132	108	14	measure	measure	NOUN
ajfa-4132	108	15	of	of	ADP
ajfa-4132	108	16	market	market	NOUN
ajfa-4132	108	17	reaction	reaction	NOUN
ajfa-4132	108	18	)	)	PUNCT
ajfa-4132	108	19	and	and	CCONJ
ajfa-4132	108	20	abnormal	abnormal	ADJ
ajfa-4132	108	21	audit	audit	NOUN
ajfa-4132	108	22	fees	fee	NOUN
ajfa-4132	108	23	using	use	VERB
ajfa-4132	108	24	multivariate	multivariate	NOUN
ajfa-4132	108	25	regression	regression	NOUN
ajfa-4132	108	26	.	.	PUNCT
ajfa-4132	109	1	regression	regression	NOUN
ajfa-4132	109	2	analysis	analysis	NOUN
ajfa-4132	109	3	shows	show	VERB
ajfa-4132	109	4	that	that	SCONJ
ajfa-4132	109	5	factors	factor	NOUN
ajfa-4132	109	6	that	that	PRON
ajfa-4132	109	7	determine	determine	VERB
ajfa-4132	109	8	the	the	DET
ajfa-4132	109	9	stock	stock	NOUN
ajfa-4132	109	10	price	price	NOUN
ajfa-4132	109	11	synchronicity	synchronicity	NOUN
ajfa-4132	109	12	variables	variable	NOUN
ajfa-4132	109	13	,	,	PUNCT
ajfa-4132	109	14	among	among	ADP
ajfa-4132	109	15	all	all	DET
ajfa-4132	109	16	variables	variable	NOUN
ajfa-4132	109	17	were	be	AUX
ajfa-4132	109	18	entered	enter	VERB
ajfa-4132	109	19	into	into	ADP
ajfa-4132	109	20	the	the	DET
ajfa-4132	109	21	regression	regression	NOUN
ajfa-4132	109	22	equation	equation	NOUN
ajfa-4132	109	23	,	,	PUNCT
ajfa-4132	109	24	has	have	AUX
ajfa-4132	109	25	explained	explain	VERB
ajfa-4132	109	26	approximately	approximately	ADV
ajfa-4132	109	27	0.257	0.257	NUM
ajfa-4132	109	28	%	%	NOUN
ajfa-4132	109	29	of	of	ADP
ajfa-4132	109	30	the	the	DET
ajfa-4132	109	31	dependent	dependent	ADJ
ajfa-4132	109	32	variables	variable	VERB
ajfa-4132	109	33	stock	stock	NOUN
ajfa-4132	109	34	price	price	NOUN
ajfa-4132	109	35	synchronicity	synchronicity	NOUN
ajfa-4132	109	36	.	.	PUNCT
ajfa-4132	110	1	according	accord	VERB
ajfa-4132	110	2	to	to	ADP
ajfa-4132	110	3	table	table	NOUN
ajfa-4132	110	4	3	3	NUM
ajfa-4132	110	5	,	,	PUNCT
ajfa-4132	110	6	it	it	PRON
ajfa-4132	110	7	can	can	AUX
ajfa-4132	110	8	be	be	AUX
ajfa-4132	110	9	stated	state	VERB
ajfa-4132	110	10	that	that	SCONJ
ajfa-4132	110	11	the	the	DET
ajfa-4132	110	12	multiple	multiple	ADJ
ajfa-4132	110	13	correlation	correlation	NOUN
ajfa-4132	110	14	coefficient	coefficient	NOUN
ajfa-4132	110	15	is	be	AUX
ajfa-4132	110	16	equal	equal	ADJ
ajfa-4132	110	17	to	to	ADP
ajfa-4132	110	18	0.257	0.257	NUM
ajfa-4132	110	19	(	(	PUNCT
ajfa-4132	110	20	mr=0.257	mr=0.257	NOUN
ajfa-4132	110	21	)	)	PUNCT
ajfa-4132	110	22	,	,	PUNCT
ajfa-4132	110	23	and	and	CCONJ
ajfa-4132	110	24	the	the	DET
ajfa-4132	110	25	coefficient	coefficient	NOUN
ajfa-4132	110	26	of	of	ADP
ajfa-4132	110	27	determination	determination	NOUN
ajfa-4132	110	28	is	be	AUX
ajfa-4132	110	29	equal	equal	ADJ
ajfa-4132	110	30	to	to	ADP
ajfa-4132	110	31	0.066	0.066	NUM
ajfa-4132	110	32	.	.	PUNCT
ajfa-4132	111	1	as	as	ADP
ajfa-4132	111	2	a	a	DET
ajfa-4132	111	3	result	result	NOUN
ajfa-4132	111	4	,	,	PUNCT
ajfa-4132	111	5	the	the	DET
ajfa-4132	111	6	three	three	NUM
ajfa-4132	111	7	variables	variable	NOUN
ajfa-4132	111	8	of	of	ADP
ajfa-4132	111	9	abfee	abfee	NOUN
ajfa-4132	111	10	(	(	PUNCT
ajfa-4132	111	11	abnormal	abnormal	ADJ
ajfa-4132	111	12	fees	fee	NOUN
ajfa-4132	111	13	)	)	PUNCT
ajfa-4132	111	14	,	,	PUNCT
ajfa-4132	111	15	logasset	logasset	NOUN
ajfa-4132	111	16	(	(	PUNCT
ajfa-4132	111	17	log	log	NOUN
ajfa-4132	111	18	of	of	ADP
ajfa-4132	111	19	total	total	ADJ
ajfa-4132	111	20	assets	asset	NOUN
ajfa-4132	111	21	)	)	PUNCT
ajfa-4132	111	22	and	and	CCONJ
ajfa-4132	111	23	firmage	firmage	NOUN
ajfa-4132	111	24	(	(	PUNCT
ajfa-4132	111	25	lifetime	lifetime	NOUN
ajfa-4132	111	26	of	of	ADP
ajfa-4132	111	27	the	the	DET
ajfa-4132	111	28	stock	stock	NOUN
ajfa-4132	111	29	)	)	PUNCT
ajfa-4132	111	30	explain	explain	VERB
ajfa-4132	111	31	the	the	DET
ajfa-4132	111	32	net	net	ADJ
ajfa-4132	111	33	rate	rate	NOUN
ajfa-4132	111	34	of	of	ADP
ajfa-4132	111	35	0.058	0.058	NUM
ajfa-4132	111	36	%	%	NOUN
ajfa-4132	111	37	of	of	ADP
ajfa-4132	111	38	the	the	DET
ajfa-4132	111	39	variance	variance	NOUN
ajfa-4132	111	40	of	of	ADP
ajfa-4132	111	41	stock	stock	NOUN
ajfa-4132	111	42	price	price	NOUN
ajfa-4132	111	43	synchronicity	synchronicity	NOUN
ajfa-4132	111	44	in	in	ADP
ajfa-4132	111	45	the	the	DET
ajfa-4132	111	46	equations	equation	NOUN
ajfa-4132	111	47	,	,	PUNCT
ajfa-4132	111	48	and	and	CCONJ
ajfa-4132	111	49	the	the	DET
ajfa-4132	111	50	other	other	ADJ
ajfa-4132	111	51	variables	variable	NOUN
ajfa-4132	111	52	,	,	PUNCT
ajfa-4132	111	53	external	external	ADJ
ajfa-4132	111	54	factors	factor	NOUN
ajfa-4132	111	55	and	and	CCONJ
ajfa-4132	111	56	unknown	unknown	ADJ
ajfa-4132	111	57	variances	variance	NOUN
ajfa-4132	111	58	that	that	PRON
ajfa-4132	111	59	has	have	AUX
ajfa-4132	111	60	not	not	PART
ajfa-4132	111	61	mentioned	mention	VERB
ajfa-4132	111	62	,	,	PUNCT
ajfa-4132	111	63	will	will	AUX
ajfa-4132	111	64	be	be	AUX
ajfa-4132	111	65	explained	explain	VERB
ajfa-4132	111	66	.	.	PUNCT
ajfa-4132	112	1	in	in	ADP
ajfa-4132	112	2	this	this	DET
ajfa-4132	112	3	model	model	NOUN
ajfa-4132	112	4	,	,	PUNCT
ajfa-4132	112	5	the	the	DET
ajfa-4132	112	6	abnormal	abnormal	ADJ
ajfa-4132	112	7	audit	audit	NOUN
ajfa-4132	112	8	fee	fee	NOUN
ajfa-4132	112	9	has	have	AUX
ajfa-4132	112	10	had	have	VERB
ajfa-4132	112	11	the	the	DET
ajfa-4132	112	12	most	most	ADV
ajfa-4132	112	13	important	important	ADJ
ajfa-4132	112	14	factor	factor	NOUN
ajfa-4132	112	15	than	than	ADP
ajfa-4132	112	16	the	the	DET
ajfa-4132	112	17	others	other	NOUN
ajfa-4132	112	18	.	.	PUNCT
ajfa-4132	113	1	table	table	NOUN
ajfa-4132	113	2	5	5	NUM
ajfa-4132	113	3	shown	show	VERB
ajfa-4132	113	4	t	t	NOUN
ajfa-4132	113	5	-	-	PUNCT
ajfa-4132	113	6	test	test	NOUN
ajfa-4132	113	7	of	of	ADP
ajfa-4132	113	8	the	the	DET
ajfa-4132	113	9	regression	regression	NOUN
ajfa-4132	113	10	coefficient	coefficient	NOUN
ajfa-4132	113	11	was	be	AUX
ajfa-4132	113	12	significant	significant	ADJ
ajfa-4132	113	13	(	(	PUNCT
ajfa-4132	113	14	p<0.000	p<0.000	ADJ
ajfa-4132	113	15	)	)	PUNCT
ajfa-4132	113	16	and	and	CCONJ
ajfa-4132	113	17	the	the	DET
ajfa-4132	113	18	estimated	estimate	VERB
ajfa-4132	113	19	value	value	NOUN
ajfa-4132	113	20	of	of	ADP
ajfa-4132	113	21	stock	stock	NOUN
ajfa-4132	113	22	price	price	NOUN
ajfa-4132	113	23	synchronicity	synchronicity	NOUN
ajfa-4132	113	24	is	be	AUX
ajfa-4132	113	25	effective	effective	ADJ
ajfa-4132	113	26	.	.	PUNCT
ajfa-4132	114	1	therefore	therefore	ADV
ajfa-4132	114	2	,	,	PUNCT
ajfa-4132	114	3	the	the	DET
ajfa-4132	114	4	three	three	NUM
ajfa-4132	114	5	variables	variable	NOUN
ajfa-4132	114	6	of	of	ADP
ajfa-4132	114	7	abfee	abfee	NOUN
ajfa-4132	114	8	,	,	PUNCT
ajfa-4132	114	9	logasset	logasset	NOUN
ajfa-4132	114	10	,	,	PUNCT
ajfa-4132	114	11	firmage	firmage	NOUN
ajfa-4132	114	12	has	have	VERB
ajfa-4132	114	13	a	a	DET
ajfa-4132	114	14	significant	significant	ADJ
ajfa-4132	114	15	impact	impact	NOUN
ajfa-4132	114	16	on	on	ADP
ajfa-4132	114	17	stock	stock	NOUN
ajfa-4132	114	18	price	price	NOUN
ajfa-4132	114	19	synchronicity	synchronicity	NOUN
ajfa-4132	114	20	,	,	PUNCT
ajfa-4132	114	21	by	by	ADP
ajfa-4132	114	22	contrast	contrast	NOUN
ajfa-4132	114	23	,	,	PUNCT
ajfa-4132	114	24	table	table	NOUN
ajfa-4132	114	25	6	6	NUM
ajfa-4132	114	26	shows	show	VERB
ajfa-4132	114	27	that	that	SCONJ
ajfa-4132	114	28	the	the	DET
ajfa-4132	114	29	quality	quality	NOUN
ajfa-4132	114	30	of	of	ADP
ajfa-4132	114	31	the	the	DET
ajfa-4132	114	32	audit	audit	NOUN
ajfa-4132	114	33	firm	firm	NOUN
ajfa-4132	114	34	and	and	CCONJ
ajfa-4132	114	35	the	the	DET
ajfa-4132	114	36	logarithm	logarithm	NOUN
ajfa-4132	114	37	of	of	ADP
ajfa-4132	114	38	the	the	DET
ajfa-4132	114	39	number	number	NOUN
ajfa-4132	114	40	of	of	ADP
ajfa-4132	114	41	firms	firm	NOUN
ajfa-4132	114	42	in	in	ADP
ajfa-4132	114	43	the	the	DET
ajfa-4132	114	44	industry	industry	NOUN
ajfa-4132	114	45	,	,	PUNCT
ajfa-4132	114	46	has	have	VERB
ajfa-4132	114	47	asian	asian	ADJ
ajfa-4132	114	48	journal	journal	NOUN
ajfa-4132	114	49	of	of	ADP
ajfa-4132	114	50	finance	finance	PROPN
ajfa-4132	114	51	&	&	CCONJ
ajfa-4132	114	52	accounting	accounting	PROPN
ajfa-4132	114	53	issn	issn	PROPN
ajfa-4132	114	54	1946	1946	NUM
ajfa-4132	114	55	-	-	PUNCT
ajfa-4132	114	56	052x	052x	NOUN
ajfa-4132	114	57	2013	2013	NUM
ajfa-4132	114	58	,	,	PUNCT
ajfa-4132	114	59	vol	vol	NOUN
ajfa-4132	114	60	.	.	PROPN
ajfa-4132	114	61	5	5	NUM
ajfa-4132	114	62	,	,	PUNCT
ajfa-4132	114	63	no	no	INTJ
ajfa-4132	114	64	.	.	NOUN
ajfa-4132	114	65	2	2	NUM
ajfa-4132	114	66	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4132	114	67	251	251	NUM
ajfa-4132	114	68	no	no	DET
ajfa-4132	114	69	relationship	relationship	NOUN
ajfa-4132	114	70	with	with	ADP
ajfa-4132	114	71	stocks	stock	NOUN
ajfa-4132	114	72	prices	price	NOUN
ajfa-4132	114	73	synchronicity	synchronicity	NOUN
ajfa-4132	114	74	.	.	PUNCT
ajfa-4132	115	1	the	the	DET
ajfa-4132	115	2	anova	anova	PROPN
ajfa-4132	115	3	in	in	ADP
ajfa-4132	115	4	table	table	NOUN
ajfa-4132	115	5	4	4	NUM
ajfa-4132	115	6	shows	show	VERB
ajfa-4132	115	7	that	that	SCONJ
ajfa-4132	115	8	the	the	DET
ajfa-4132	115	9	significance	significance	NOUN
ajfa-4132	115	10	level	level	NOUN
ajfa-4132	115	11	for	for	ADP
ajfa-4132	115	12	this	this	DET
ajfa-4132	115	13	test	test	NOUN
ajfa-4132	115	14	was	be	AUX
ajfa-4132	115	15	0.000	0.000	NUM
ajfa-4132	115	16	and	and	CCONJ
ajfa-4132	115	17	it	it	PRON
ajfa-4132	115	18	represents	represent	VERB
ajfa-4132	115	19	that	that	SCONJ
ajfa-4132	115	20	regression	regression	NOUN
ajfa-4132	115	21	is	be	AUX
ajfa-4132	115	22	significant	significant	ADJ
ajfa-4132	115	23	in	in	ADP
ajfa-4132	115	24	99	99	NUM
ajfa-4132	115	25	%	%	NOUN
ajfa-4132	115	26	(	(	PUNCT
ajfa-4132	115	27	p<0.000	p<0.000	PROPN
ajfa-4132	115	28	)	)	PUNCT
ajfa-4132	115	29	the	the	DET
ajfa-4132	115	30	negative	negative	ADJ
ajfa-4132	115	31	relationship	relationship	NOUN
ajfa-4132	115	32	between	between	ADP
ajfa-4132	115	33	stock	stock	NOUN
ajfa-4132	115	34	price	price	NOUN
ajfa-4132	115	35	synchronicity	synchronicity	NOUN
ajfa-4132	115	36	and	and	CCONJ
ajfa-4132	115	37	unusual	unusual	ADJ
ajfa-4132	115	38	fees	fee	NOUN
ajfa-4132	115	39	audit	audit	NOUN
ajfa-4132	115	40	shows	show	VERB
ajfa-4132	115	41	positive	positive	ADJ
ajfa-4132	115	42	reaction	reaction	NOUN
ajfa-4132	115	43	in	in	ADP
ajfa-4132	115	44	stock	stock	NOUN
ajfa-4132	115	45	market	market	NOUN
ajfa-4132	115	46	.	.	PUNCT
ajfa-4132	116	1	thus	thus	ADV
ajfa-4132	116	2	,	,	PUNCT
ajfa-4132	116	3	the	the	DET
ajfa-4132	116	4	main	main	ADJ
ajfa-4132	116	5	hypothesis	hypothesis	NOUN
ajfa-4132	116	6	of	of	ADP
ajfa-4132	116	7	research	research	NOUN
ajfa-4132	116	8	is	be	AUX
ajfa-4132	116	9	proved	prove	VERB
ajfa-4132	116	10	.	.	PUNCT
ajfa-4132	117	1	table	table	NOUN
ajfa-4132	117	2	3	3	NUM
ajfa-4132	117	3	.	.	PUNCT
ajfa-4132	118	1	the	the	DET
ajfa-4132	118	2	multivariate	multivariate	NOUN
ajfa-4132	118	3	regression	regression	NOUN
ajfa-4132	118	4	results	result	NOUN
ajfa-4132	118	5	of	of	ADP
ajfa-4132	118	6	stock	stock	NOUN
ajfa-4132	118	7	price	price	NOUN
ajfa-4132	118	8	synchronicity	synchronicity	NOUN
ajfa-4132	118	9	variable	variable	NOUN
ajfa-4132	118	10	coef	coef	NOUN
ajfa-4132	118	11	.	.	PUNCT
ajfa-4132	119	1	r	r	X
ajfa-4132	119	2	-	-	PUNCT
ajfa-4132	119	3	squared	square	VERB
ajfa-4132	119	4	adj	adj	NOUN
ajfa-4132	119	5	r	r	NOUN
ajfa-4132	119	6	-	-	PUNCT
ajfa-4132	119	7	squared	square	VERB
ajfa-4132	119	8	std	std	NOUN
ajfa-4132	119	9	.	.	PUNCT
ajfa-4132	120	1	err	err	NOUN
ajfa-4132	120	2	.	.	PUNCT
ajfa-4132	121	1	durbin	durbin	ADJ
ajfa-4132	121	2	-	-	PUNCT
ajfa-4132	121	3	watson	watson	PROPN
ajfa-4132	121	4	stat	stat	PROPN
ajfa-4132	121	5	synch	synch	VERB
ajfa-4132	121	6	0.257	0.257	NUM
ajfa-4132	121	7	0.066	0.066	NUM
ajfa-4132	121	8	0.058	0.058	NUM
ajfa-4132	121	9	0.988	0.988	NUM
ajfa-4132	121	10	1.89	1.89	NUM
ajfa-4132	121	11	table	table	NOUN
ajfa-4132	121	12	4	4	NUM
ajfa-4132	121	13	.	.	PUNCT
ajfa-4132	122	1	anova	anova	VERB
ajfa-4132	122	2	analysis	analysis	NOUN
ajfa-4132	122	3	results	result	NOUN
ajfa-4132	122	4	of	of	ADP
ajfa-4132	122	5	stock	stock	NOUN
ajfa-4132	122	6	price	price	NOUN
ajfa-4132	122	7	synchronicity	synchronicity	NOUN
ajfa-4132	122	8	source	source	NOUN
ajfa-4132	122	9	sum	sum	NOUN
ajfa-4132	122	10	of	of	ADP
ajfa-4132	122	11	squares	square	NOUN
ajfa-4132	122	12	df	df	PROPN
ajfa-4132	122	13	mean	mean	VERB
ajfa-4132	123	1	square	square	ADJ
ajfa-4132	123	2	f	f	X
ajfa-4132	123	3	-	-	PUNCT
ajfa-4132	123	4	statistic	statistic	ADJ
ajfa-4132	123	5	sig	sig	NOUN
ajfa-4132	123	6	.	.	PUNCT
ajfa-4132	123	7	model	model	PROPN
ajfa-4132	123	8	24.244	24.244	NUM
ajfa-4132	123	9	3	3	NUM
ajfa-4132	123	10	8.081	8.081	NUM
ajfa-4132	123	11	8.272	8.272	NUM
ajfa-4132	123	12	0.000	0.000	NUM
ajfa-4132	123	13	residual	residual	ADJ
ajfa-4132	123	14	342.922	342.922	NUM
ajfa-4132	123	15	351	351	NUM
ajfa-4132	123	16	0.977	0.977	NUM
ajfa-4132	123	17	total	total	ADJ
ajfa-4132	123	18	367.166	367.166	NUM
ajfa-4132	123	19	354	354	NUM
ajfa-4132	123	20	table	table	NOUN
ajfa-4132	123	21	5	5	NUM
ajfa-4132	123	22	.	.	PUNCT
ajfa-4132	124	1	independent	independent	ADJ
ajfa-4132	124	2	variables	variable	NOUN
ajfa-4132	124	3	coefficients	coefficient	NOUN
ajfa-4132	124	4	that	that	PRON
ajfa-4132	124	5	remain	remain	VERB
ajfa-4132	124	6	in	in	ADP
ajfa-4132	124	7	model	model	NOUN
ajfa-4132	124	8	variable	variable	ADJ
ajfa-4132	124	9	unstandardized	unstandardized	ADJ
ajfa-4132	124	10	coefficients	coefficient	NOUN
ajfa-4132	124	11	standardized	standardized	ADJ
ajfa-4132	124	12	coefficients	coefficient	NOUN
ajfa-4132	124	13	t	t	PROPN
ajfa-4132	124	14	-	-	PUNCT
ajfa-4132	124	15	statistic	statistic	NOUN
ajfa-4132	124	16	sig	sig	NOUN
ajfa-4132	124	17	.	.	PUNCT
ajfa-4132	125	1	b	b	NOUN
ajfa-4132	125	2	std.b	std.b	PROPN
ajfa-4132	125	3	beta	beta	NOUN
ajfa-4132	125	4	concept	concept	NOUN
ajfa-4132	125	5	0.322	0.322	NUM
ajfa-4132	125	6	0.603	0.603	NUM
ajfa-4132	125	7	0.535	0.535	NUM
ajfa-4132	125	8	0.593	0.593	NUM
ajfa-4132	125	9	abfee	abfee	NOUN
ajfa-4132	125	10	-0.32	-0.32	VERB
ajfa-4132	125	11	0.107	0.107	NUM
ajfa-4132	125	12	-0.155	-0.155	PUNCT
ajfa-4132	125	13	-3.007	-3.007	NUM
ajfa-4132	125	14	0.003	0.003	NUM
ajfa-4132	125	15	logasset	logasset	NOUN
ajfa-4132	125	16	-0.319	-0.319	PROPN
ajfa-4132	125	17	0.106	0.106	NUM
ajfa-4132	125	18	-0.155	-0.155	PUNCT
ajfa-4132	125	19	-3.000	-3.000	PROPN
ajfa-4132	125	20	0.003	0.003	NUM
ajfa-4132	125	21	firmage	firmage	NOUN
ajfa-4132	125	22	0.016	0.016	NUM
ajfa-4132	125	23	0.006	0.006	NUM
ajfa-4132	125	24	0.132	0.132	NUM
ajfa-4132	125	25	2.563	2.563	NUM
ajfa-4132	125	26	0.011	0.011	NUM
ajfa-4132	125	27	table	table	NOUN
ajfa-4132	125	28	6	6	NUM
ajfa-4132	125	29	.	.	PUNCT
ajfa-4132	126	1	statistic	statistic	ADJ
ajfa-4132	126	2	relating	relate	VERB
ajfa-4132	126	3	independent	independent	ADJ
ajfa-4132	126	4	variables	variable	NOUN
ajfa-4132	126	5	excluding	exclude	VERB
ajfa-4132	126	6	from	from	ADP
ajfa-4132	126	7	final	final	ADJ
ajfa-4132	126	8	model	model	NOUN
ajfa-4132	126	9	variable	variable	NOUN
ajfa-4132	126	10	beta	beta	PROPN
ajfa-4132	126	11	t	t	PROPN
ajfa-4132	126	12	-	-	PUNCT
ajfa-4132	126	13	statistic	statistic	NOUN
ajfa-4132	126	14	sig	sig	NOUN
ajfa-4132	126	15	.	.	PUNCT
ajfa-4132	127	1	partial	partial	ADJ
ajfa-4132	127	2	correlation	correlation	NOUN
ajfa-4132	127	3	abfee	abfee	NOUN
ajfa-4132	127	4	0.007	0.007	NUM
ajfa-4132	127	5	0.183	0.183	NUM
ajfa-4132	127	6	0856	0856	NUM
ajfa-4132	127	7	0.024	0.024	NUM
ajfa-4132	127	8	lognind	lognind	NOUN
ajfa-4132	127	9	-0.011	-0.011	X
ajfa-4132	127	10	-0.279	-0.279	NUM
ajfa-4132	127	11	0781	0781	NUM
ajfa-4132	127	12	-0.036	-0.036	NOUN
ajfa-4132	127	13	the	the	DET
ajfa-4132	127	14	results	result	NOUN
ajfa-4132	127	15	in	in	ADP
ajfa-4132	127	16	table	table	NOUN
ajfa-4132	127	17	7	7	NUM
ajfa-4132	127	18	show	show	VERB
ajfa-4132	127	19	a	a	DET
ajfa-4132	127	20	positive	positive	ADJ
ajfa-4132	127	21	relationship	relationship	NOUN
ajfa-4132	127	22	between	between	ADP
ajfa-4132	127	23	stock	stock	NOUN
ajfa-4132	127	24	price	price	NOUN
ajfa-4132	127	25	synchronicity	synchronicity	NOUN
ajfa-4132	127	26	with	with	ADP
ajfa-4132	127	27	abnormal	abnormal	ADJ
ajfa-4132	127	28	audit	audit	NOUN
ajfa-4132	127	29	fees	fee	NOUN
ajfa-4132	127	30	.	.	PUNCT
ajfa-4132	128	1	according	accord	VERB
ajfa-4132	128	2	to	to	ADP
ajfa-4132	128	3	this	this	DET
ajfa-4132	128	4	table	table	NOUN
ajfa-4132	128	5	,	,	PUNCT
ajfa-4132	128	6	it	it	PRON
ajfa-4132	128	7	can	can	AUX
ajfa-4132	128	8	be	be	AUX
ajfa-4132	128	9	stated	state	VERB
ajfa-4132	128	10	that	that	SCONJ
ajfa-4132	128	11	the	the	DET
ajfa-4132	128	12	correlation	correlation	NOUN
ajfa-4132	128	13	coefficient	coefficient	NOUN
ajfa-4132	128	14	is	be	AUX
ajfa-4132	128	15	0.146	0.146	NUM
ajfa-4132	128	16	(	(	PUNCT
ajfa-4132	128	17	r	r	NOUN
ajfa-4132	128	18	=	=	NOUN
ajfa-4132	128	19	0.146	0.146	NUM
ajfa-4132	128	20	)	)	PUNCT
ajfa-4132	128	21	.	.	PUNCT
ajfa-4132	129	1	the	the	DET
ajfa-4132	129	2	coefficient	coefficient	NOUN
ajfa-4132	129	3	is	be	AUX
ajfa-4132	129	4	0.021	0.021	NUM
ajfa-4132	129	5	which	which	PRON
ajfa-4132	129	6	0.015	0.015	NUM
ajfa-4132	129	7	percent	percent	NOUN
ajfa-4132	129	8	of	of	ADP
ajfa-4132	129	9	the	the	DET
ajfa-4132	129	10	value	value	NOUN
ajfa-4132	129	11	of	of	ADP
ajfa-4132	129	12	that	that	DET
ajfa-4132	129	13	stock	stock	NOUN
ajfa-4132	129	14	price	price	NOUN
ajfa-4132	129	15	synchronicity	synchronicity	NOUN
ajfa-4132	129	16	in	in	ADP
ajfa-4132	129	17	abnormal	abnormal	ADJ
ajfa-4132	129	18	audit	audit	NOUN
ajfa-4132	129	19	fees	fee	NOUN
ajfa-4132	129	20	is	be	AUX
ajfa-4132	129	21	associated	associate	VERB
ajfa-4132	129	22	with	with	ADP
ajfa-4132	129	23	positive	positive	ADJ
ajfa-4132	129	24	symptoms	symptom	NOUN
ajfa-4132	129	25	and	and	CCONJ
ajfa-4132	129	26	the	the	DET
ajfa-4132	129	27	rest	rest	NOUN
ajfa-4132	129	28	depends	depend	VERB
ajfa-4132	129	29	on	on	ADP
ajfa-4132	129	30	other	other	ADJ
ajfa-4132	129	31	factors	factor	NOUN
ajfa-4132	129	32	.	.	PUNCT
ajfa-4132	130	1	adjusted	adjust	VERB
ajfa-4132	130	2	coefficient	coefficient	NOUN
ajfa-4132	130	3	of	of	ADP
ajfa-4132	130	4	determination	determination	NOUN
ajfa-4132	130	5	in	in	ADP
ajfa-4132	130	6	this	this	DET
ajfa-4132	130	7	case	case	NOUN
ajfa-4132	130	8	is	be	AUX
ajfa-4132	130	9	equal	equal	ADJ
ajfa-4132	130	10	to	to	ADP
ajfa-4132	130	11	0.021	0.021	NUM
ajfa-4132	130	12	percent	percent	NOUN
ajfa-4132	130	13	.	.	PUNCT
ajfa-4132	131	1	according	accord	VERB
ajfa-4132	131	2	to	to	ADP
ajfa-4132	131	3	watson	watson	PROPN
ajfa-4132	131	4	statistic	statistic	PROPN
ajfa-4132	131	5	,	,	PUNCT
ajfa-4132	131	6	2.5	2.5	NUM
ajfa-4132	131	7	to	to	PART
ajfa-4132	131	8	1.5	1.5	NUM
ajfa-4132	131	9	,	,	PUNCT
ajfa-4132	131	10	the	the	DET
ajfa-4132	131	11	remaining	remain	VERB
ajfa-4132	131	12	independent	independent	NOUN
ajfa-4132	131	13	can	can	AUX
ajfa-4132	131	14	be	be	AUX
ajfa-4132	131	15	concluded	conclude	VERB
ajfa-4132	131	16	.	.	PUNCT
ajfa-4132	132	1	in	in	ADP
ajfa-4132	132	2	table	table	NOUN
ajfa-4132	132	3	8	8	NUM
ajfa-4132	132	4	the	the	DET
ajfa-4132	132	5	significance	significance	NOUN
ajfa-4132	132	6	of	of	ADP
ajfa-4132	132	7	the	the	DET
ajfa-4132	132	8	regression	regression	NOUN
ajfa-4132	132	9	is	be	AUX
ajfa-4132	132	10	calculated	calculate	VERB
ajfa-4132	132	11	using	use	VERB
ajfa-4132	132	12	f	f	PROPN
ajfa-4132	132	13	test	test	NOUN
ajfa-4132	132	14	.	.	PUNCT
ajfa-4132	133	1	the	the	DET
ajfa-4132	133	2	anova	anova	PROPN
ajfa-4132	133	3	shows	show	VERB
ajfa-4132	133	4	that	that	SCONJ
ajfa-4132	133	5	there	there	PRON
ajfa-4132	133	6	is	be	VERB
ajfa-4132	133	7	a	a	DET
ajfa-4132	133	8	significant	significant	ADJ
ajfa-4132	133	9	difference	difference	NOUN
ajfa-4132	133	10	in	in	ADP
ajfa-4132	133	11	this	this	DET
ajfa-4132	133	12	statistic	statistic	NOUN
ajfa-4132	133	13	(	(	PUNCT
ajfa-4132	133	14	p<0.000	p<0.000	PROPN
ajfa-4132	133	15	)	)	PUNCT
ajfa-4132	133	16	and	and	CCONJ
ajfa-4132	133	17	it	it	PRON
ajfa-4132	133	18	means	mean	VERB
ajfa-4132	133	19	a	a	DET
ajfa-4132	133	20	significant	significant	ADJ
ajfa-4132	133	21	relationship	relationship	NOUN
ajfa-4132	133	22	in	in	ADP
ajfa-4132	133	23	regression	regression	NOUN
ajfa-4132	133	24	(	(	PUNCT
ajfa-4132	133	25	p<0.000	p<0.000	ADJ
ajfa-4132	133	26	)	)	PUNCT
ajfa-4132	133	27	.	.	PUNCT
ajfa-4132	134	1	table	table	NOUN
ajfa-4132	134	2	9	9	NUM
ajfa-4132	134	3	indicates	indicate	VERB
ajfa-4132	134	4	that	that	SCONJ
ajfa-4132	134	5	with	with	ADP
ajfa-4132	134	6	increase	increase	NOUN
ajfa-4132	134	7	of	of	ADP
ajfa-4132	134	8	a	a	DET
ajfa-4132	134	9	unit	unit	NOUN
ajfa-4132	134	10	in	in	ADP
ajfa-4132	134	11	audit	audit	NOUN
ajfa-4132	134	12	fees	fee	NOUN
ajfa-4132	134	13	abnormal	abnormal	ADJ
ajfa-4132	134	14	with	with	ADP
ajfa-4132	134	15	positive	positive	ADJ
ajfa-4132	134	16	sign	sign	NOUN
ajfa-4132	134	17	,	,	PUNCT
ajfa-4132	134	18	0.146	0.146	NUM
ajfa-4132	134	19	of	of	ADP
ajfa-4132	134	20	unit	unit	NOUN
ajfa-4132	134	21	synchronous	synchronous	ADJ
ajfa-4132	134	22	stock	stock	NOUN
ajfa-4132	134	23	price	price	NOUN
ajfa-4132	134	24	will	will	AUX
ajfa-4132	134	25	drop	drop	VERB
ajfa-4132	134	26	.	.	PUNCT
ajfa-4132	135	1	t	t	NOUN
ajfa-4132	135	2	-	-	PUNCT
ajfa-4132	135	3	test	test	NOUN
ajfa-4132	135	4	of	of	ADP
ajfa-4132	135	5	the	the	DET
ajfa-4132	135	6	regression	regression	NOUN
ajfa-4132	135	7	coefficients	coefficient	NOUN
ajfa-4132	135	8	in	in	ADP
ajfa-4132	135	9	this	this	DET
ajfa-4132	135	10	table	table	NOUN
ajfa-4132	135	11	shows	show	VERB
ajfa-4132	135	12	that	that	SCONJ
ajfa-4132	135	13	a	a	DET
ajfa-4132	135	14	significant	significant	ADJ
ajfa-4132	135	15	relationship	relationship	NOUN
ajfa-4132	135	16	(	(	PUNCT
ajfa-4132	135	17	p<0.000	p<0.000	PROPN
ajfa-4132	135	18	)	)	PUNCT
ajfa-4132	135	19	and	and	CCONJ
ajfa-4132	135	20	the	the	DET
ajfa-4132	135	21	estimated	estimate	VERB
ajfa-4132	135	22	value	value	NOUN
ajfa-4132	135	23	of	of	ADP
ajfa-4132	135	24	stock	stock	NOUN
ajfa-4132	135	25	price	price	NOUN
ajfa-4132	135	26	synchronicity	synchronicity	NOUN
ajfa-4132	135	27	is	be	AUX
ajfa-4132	135	28	effective	effective	ADJ
ajfa-4132	135	29	.	.	PUNCT
ajfa-4132	136	1	based	base	VERB
ajfa-4132	136	2	on	on	ADP
ajfa-4132	136	3	these	these	DET
ajfa-4132	136	4	results	result	NOUN
ajfa-4132	136	5	,	,	PUNCT
ajfa-4132	136	6	it	it	PRON
ajfa-4132	136	7	is	be	AUX
ajfa-4132	136	8	asian	asian	ADJ
ajfa-4132	136	9	journal	journal	NOUN
ajfa-4132	136	10	of	of	ADP
ajfa-4132	136	11	finance	finance	PROPN
ajfa-4132	136	12	&	&	CCONJ
ajfa-4132	136	13	accounting	accounting	PROPN
ajfa-4132	136	14	issn	issn	PROPN
ajfa-4132	136	15	1946	1946	NUM
ajfa-4132	136	16	-	-	PUNCT
ajfa-4132	136	17	052x	052x	NOUN
ajfa-4132	136	18	2013	2013	NUM
ajfa-4132	136	19	,	,	PUNCT
ajfa-4132	136	20	vol	vol	NOUN
ajfa-4132	136	21	.	.	PROPN
ajfa-4132	136	22	5	5	NUM
ajfa-4132	136	23	,	,	PUNCT
ajfa-4132	136	24	no	no	INTJ
ajfa-4132	136	25	.	.	NOUN
ajfa-4132	136	26	2	2	NUM
ajfa-4132	136	27	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4132	136	28	252	252	NUM
ajfa-4132	136	29	stated	state	VERB
ajfa-4132	136	30	that	that	SCONJ
ajfa-4132	136	31	abnormal	abnormal	ADJ
ajfa-4132	136	32	audit	audit	NOUN
ajfa-4132	136	33	fees	fee	NOUN
ajfa-4132	136	34	,	,	PUNCT
ajfa-4132	136	35	with	with	ADP
ajfa-4132	136	36	signs	sign	NOUN
ajfa-4132	136	37	positive	positive	ADJ
ajfa-4132	136	38	,	,	PUNCT
ajfa-4132	136	39	impact	impact	NOUN
ajfa-4132	136	40	on	on	ADP
ajfa-4132	136	41	stock	stock	NOUN
ajfa-4132	136	42	price	price	NOUN
ajfa-4132	136	43	synchronicity	synchronicity	NOUN
ajfa-4132	136	44	negative	negative	ADJ
ajfa-4132	136	45	relationship	relationship	NOUN
ajfa-4132	136	46	between	between	ADP
ajfa-4132	136	47	stock	stock	NOUN
ajfa-4132	136	48	price	price	NOUN
ajfa-4132	136	49	synchronicity	synchronicity	NOUN
ajfa-4132	136	50	and	and	CCONJ
ajfa-4132	136	51	abnormal	abnormal	ADJ
ajfa-4132	136	52	audit	audit	NOUN
ajfa-4132	136	53	fees	fee	NOUN
ajfa-4132	136	54	with	with	ADP
ajfa-4132	136	55	positive	positive	ADJ
ajfa-4132	136	56	sign	sign	NOUN
ajfa-4132	136	57	indicates	indicate	VERB
ajfa-4132	136	58	a	a	DET
ajfa-4132	136	59	positive	positive	ADJ
ajfa-4132	136	60	reaction	reaction	NOUN
ajfa-4132	136	61	in	in	ADP
ajfa-4132	136	62	the	the	DET
ajfa-4132	136	63	stock	stock	NOUN
ajfa-4132	136	64	market	market	NOUN
ajfa-4132	136	65	.	.	PUNCT
ajfa-4132	137	1	therefore	therefore	ADV
ajfa-4132	137	2	,	,	PUNCT
ajfa-4132	137	3	sub	sub	ADJ
ajfa-4132	137	4	-	-	NOUN
ajfa-4132	137	5	hypothesis	hypothesis	NOUN
ajfa-4132	137	6	1	1	NUM
ajfa-4132	137	7	is	be	AUX
ajfa-4132	137	8	confirmed	confirm	VERB
ajfa-4132	137	9	.	.	PUNCT
ajfa-4132	138	1	table	table	NOUN
ajfa-4132	138	2	7	7	NUM
ajfa-4132	138	3	.	.	PUNCT
ajfa-4132	139	1	the	the	DET
ajfa-4132	139	2	regression	regression	NOUN
ajfa-4132	139	3	results	result	NOUN
ajfa-4132	139	4	of	of	ADP
ajfa-4132	139	5	stock	stock	NOUN
ajfa-4132	139	6	price	price	NOUN
ajfa-4132	139	7	synchronicity	synchronicity	NOUN
ajfa-4132	139	8	on	on	ADP
ajfa-4132	139	9	audit	audit	NOUN
ajfa-4132	139	10	fees	fee	NOUN
ajfa-4132	139	11	abnormal	abnormal	ADJ
ajfa-4132	139	12	with	with	ADP
ajfa-4132	139	13	positive	positive	ADJ
ajfa-4132	139	14	sign	sign	NOUN
ajfa-4132	139	15	variable	variable	ADJ
ajfa-4132	139	16	coef	coef	PROPN
ajfa-4132	139	17	.	.	PUNCT
ajfa-4132	140	1	r	r	X
ajfa-4132	140	2	-	-	PUNCT
ajfa-4132	140	3	squared	square	VERB
ajfa-4132	140	4	adj	adj	NOUN
ajfa-4132	140	5	r	r	NOUN
ajfa-4132	140	6	-	-	PUNCT
ajfa-4132	140	7	squared	square	VERB
ajfa-4132	140	8	std	std	NOUN
ajfa-4132	140	9	.	.	PUNCT
ajfa-4132	141	1	err	err	NOUN
ajfa-4132	141	2	.	.	PUNCT
ajfa-4132	142	1	durbin	durbin	ADJ
ajfa-4132	142	2	-	-	PUNCT
ajfa-4132	142	3	watson	watson	PROPN
ajfa-4132	142	4	stat	stat	PROPN
ajfa-4132	142	5	abfee	abfee	VERB
ajfa-4132	142	6	0.146	0.146	NUM
ajfa-4132	142	7	0.021	0.021	NUM
ajfa-4132	142	8	0.015	0.015	NUM
ajfa-4132	142	9	1.06	1.06	NUM
ajfa-4132	142	10	1.8	1.8	NUM
ajfa-4132	142	11	table	table	NOUN
ajfa-4132	142	12	8	8	NUM
ajfa-4132	142	13	.	.	PUNCT
ajfa-4132	143	1	anova	anova	PROPN
ajfa-4132	143	2	analysis	analysis	NOUN
ajfa-4132	143	3	results	result	NOUN
ajfa-4132	143	4	of	of	ADP
ajfa-4132	143	5	stock	stock	NOUN
ajfa-4132	143	6	price	price	NOUN
ajfa-4132	143	7	synchronicity	synchronicity	NOUN
ajfa-4132	143	8	and	and	CCONJ
ajfa-4132	143	9	audit	audit	NOUN
ajfa-4132	143	10	fees	fee	NOUN
ajfa-4132	143	11	abnormal	abnormal	ADJ
ajfa-4132	143	12	with	with	ADP
ajfa-4132	143	13	positive	positive	ADJ
ajfa-4132	143	14	sign	sign	NOUN
ajfa-4132	143	15	source	source	NOUN
ajfa-4132	143	16	sum	sum	NOUN
ajfa-4132	143	17	of	of	ADP
ajfa-4132	143	18	squares	square	NOUN
ajfa-4132	143	19	df	df	PROPN
ajfa-4132	143	20	mean	mean	VERB
ajfa-4132	143	21	square	square	ADJ
ajfa-4132	143	22	f	f	X
ajfa-4132	143	23	-	-	PUNCT
ajfa-4132	143	24	statistic	statistic	ADJ
ajfa-4132	143	25	sig	sig	NOUN
ajfa-4132	143	26	.	.	PUNCT
ajfa-4132	144	1	model	model	PROPN
ajfa-4132	144	2	4.029	4.029	NUM
ajfa-4132	144	3	1	1	NUM
ajfa-4132	144	4	4.029	4.029	NUM
ajfa-4132	144	5	3.572	3.572	NUM
ajfa-4132	144	6	0.04	0.04	NUM
ajfa-4132	144	7	residual	residual	ADJ
ajfa-4132	144	8	183.869	183.869	NUM
ajfa-4132	144	9	163	163	NUM
ajfa-4132	144	10	1.128	1.128	NUM
ajfa-4132	144	11	total	total	ADJ
ajfa-4132	144	12	187.898	187.898	NUM
ajfa-4132	144	13	164	164	NUM
ajfa-4132	144	14	table	table	NOUN
ajfa-4132	144	15	9	9	NUM
ajfa-4132	144	16	.	.	PUNCT
ajfa-4132	145	1	the	the	DET
ajfa-4132	145	2	regression	regression	NOUN
ajfa-4132	145	3	results	result	NOUN
ajfa-4132	145	4	of	of	ADP
ajfa-4132	145	5	effects	effect	NOUN
ajfa-4132	145	6	of	of	ADP
ajfa-4132	145	7	audit	audit	NOUN
ajfa-4132	145	8	fees	fee	NOUN
ajfa-4132	145	9	abnormal	abnormal	ADJ
ajfa-4132	145	10	with	with	ADP
ajfa-4132	145	11	positive	positive	ADJ
ajfa-4132	145	12	sign	sign	NOUN
ajfa-4132	145	13	on	on	ADP
ajfa-4132	145	14	stock	stock	NOUN
ajfa-4132	145	15	price	price	NOUN
ajfa-4132	145	16	synchronicity	synchronicity	NOUN
ajfa-4132	145	17	(	(	PUNCT
ajfa-4132	145	18	dependent	dependent	ADJ
ajfa-4132	145	19	variable	variable	NOUN
ajfa-4132	145	20	)	)	PUNCT
ajfa-4132	145	21	synch	synch	VERB
ajfa-4132	145	22	unstandardized	unstandardized	ADJ
ajfa-4132	145	23	coefficients	coefficient	NOUN
ajfa-4132	145	24	standardized	standardized	ADJ
ajfa-4132	145	25	coefficients	coefficient	NOUN
ajfa-4132	145	26	t	t	PROPN
ajfa-4132	145	27	-	-	PUNCT
ajfa-4132	145	28	statistic	statistic	NOUN
ajfa-4132	145	29	sig	sig	NOUN
ajfa-4132	145	30	.	.	PUNCT
ajfa-4132	146	1	b	b	NOUN
ajfa-4132	146	2	std.b	std.b	PROPN
ajfa-4132	146	3	beta	beta	NOUN
ajfa-4132	146	4	concept	concept	NOUN
ajfa-4132	146	5	-1.06	-1.06	NUM
ajfa-4132	146	6	0.157	0.157	NUM
ajfa-4132	146	7	-6.762	-6.762	NUM
ajfa-4132	146	8	0.000	0.000	NUM
ajfa-4132	146	9	abfee	abfee	NOUN
ajfa-4132	146	10	-0.585	-0.585	PUNCT
ajfa-4132	146	11	0.310	0.310	NUM
ajfa-4132	146	12	-0.146	-0.146	X
ajfa-4132	146	13	-1.890	-1.890	NOUN
ajfa-4132	146	14	0.04	0.04	NUM
ajfa-4132	146	15	according	accord	VERB
ajfa-4132	146	16	to	to	ADP
ajfa-4132	146	17	the	the	DET
ajfa-4132	146	18	table	table	NOUN
ajfa-4132	146	19	10	10	NUM
ajfa-4132	146	20	,	,	PUNCT
ajfa-4132	146	21	it	it	PRON
ajfa-4132	146	22	can	can	AUX
ajfa-4132	146	23	be	be	AUX
ajfa-4132	146	24	stated	state	VERB
ajfa-4132	146	25	that	that	SCONJ
ajfa-4132	146	26	the	the	DET
ajfa-4132	146	27	correlation	correlation	NOUN
ajfa-4132	146	28	coefficient	coefficient	NOUN
ajfa-4132	146	29	is	be	AUX
ajfa-4132	146	30	equal	equal	ADJ
ajfa-4132	146	31	to	to	ADP
ajfa-4132	146	32	0.119	0.119	NUM
ajfa-4132	146	33	(	(	PUNCT
ajfa-4132	146	34	r=0.119	r=0.119	NOUN
ajfa-4132	146	35	)	)	PUNCT
ajfa-4132	146	36	.	.	PUNCT
ajfa-4132	147	1	the	the	DET
ajfa-4132	147	2	coefficient	coefficient	NOUN
ajfa-4132	147	3	of	of	ADP
ajfa-4132	147	4	determination	determination	NOUN
ajfa-4132	147	5	obtained	obtain	VERB
ajfa-4132	147	6	0.014	0.014	NUM
ajfa-4132	147	7	;	;	PUNCT
ajfa-4132	147	8	it	it	PRON
ajfa-4132	147	9	shows	show	VERB
ajfa-4132	147	10	that	that	SCONJ
ajfa-4132	147	11	0.014	0.014	NUM
ajfa-4132	147	12	percent	percent	NOUN
ajfa-4132	147	13	of	of	ADP
ajfa-4132	147	14	changes	change	NOUN
ajfa-4132	147	15	in	in	ADP
ajfa-4132	147	16	stock	stock	NOUN
ajfa-4132	147	17	price	price	NOUN
ajfa-4132	147	18	synchronicity	synchronicity	NOUN
ajfa-4132	147	19	are	be	AUX
ajfa-4132	147	20	related	relate	VERB
ajfa-4132	147	21	to	to	ADP
ajfa-4132	147	22	abnormal	abnormal	ADJ
ajfa-4132	147	23	audit	audit	NOUN
ajfa-4132	147	24	fees	fee	NOUN
ajfa-4132	147	25	,	,	PUNCT
ajfa-4132	147	26	with	with	ADP
ajfa-4132	147	27	negative	negative	ADJ
ajfa-4132	147	28	sign	sign	NOUN
ajfa-4132	147	29	,	,	PUNCT
ajfa-4132	147	30	and	and	CCONJ
ajfa-4132	147	31	the	the	DET
ajfa-4132	147	32	rest	rest	NOUN
ajfa-4132	147	33	depends	depend	VERB
ajfa-4132	147	34	on	on	ADP
ajfa-4132	147	35	other	other	ADJ
ajfa-4132	147	36	factors	factor	NOUN
ajfa-4132	147	37	.	.	PUNCT
ajfa-4132	148	1	adjusted	adjust	VERB
ajfa-4132	148	2	coefficient	coefficient	NOUN
ajfa-4132	148	3	of	of	ADP
ajfa-4132	148	4	determination	determination	NOUN
ajfa-4132	148	5	in	in	ADP
ajfa-4132	148	6	this	this	DET
ajfa-4132	148	7	case	case	NOUN
ajfa-4132	148	8	is	be	AUX
ajfa-4132	148	9	equal	equal	ADJ
ajfa-4132	148	10	to	to	ADP
ajfa-4132	148	11	0.009	0.009	NUM
ajfa-4132	148	12	percent	percent	NOUN
ajfa-4132	148	13	.	.	PUNCT
ajfa-4132	149	1	due	due	ADP
ajfa-4132	149	2	to	to	ADP
ajfa-4132	149	3	the	the	DET
ajfa-4132	149	4	amount	amount	NOUN
ajfa-4132	149	5	of	of	ADP
ajfa-4132	149	6	watson	watson	PROPN
ajfa-4132	149	7	statistic	statistic	NOUN
ajfa-4132	149	8	is	be	AUX
ajfa-4132	149	9	between	between	ADP
ajfa-4132	149	10	1.5	1.5	NUM
ajfa-4132	149	11	and	and	CCONJ
ajfa-4132	149	12	2.5	2.5	NUM
ajfa-4132	149	13	;	;	PUNCT
ajfa-4132	149	14	the	the	DET
ajfa-4132	149	15	remaining	remain	VERB
ajfa-4132	149	16	independent	independent	NOUN
ajfa-4132	149	17	can	can	AUX
ajfa-4132	149	18	be	be	AUX
ajfa-4132	149	19	concluded	conclude	VERB
ajfa-4132	149	20	.	.	PUNCT
ajfa-4132	150	1	according	accord	VERB
ajfa-4132	150	2	to	to	ADP
ajfa-4132	150	3	the	the	DET
ajfa-4132	150	4	table	table	NOUN
ajfa-4132	150	5	11	11	NUM
ajfa-4132	150	6	,	,	PUNCT
ajfa-4132	150	7	the	the	DET
ajfa-4132	150	8	anova	anova	PROPN
ajfa-4132	150	9	show	show	VERB
ajfa-4132	150	10	a	a	DET
ajfa-4132	150	11	significant	significant	ADJ
ajfa-4132	150	12	variance	variance	NOUN
ajfa-4132	150	13	for	for	ADP
ajfa-4132	150	14	this	this	DET
ajfa-4132	150	15	test	test	NOUN
ajfa-4132	150	16	which	which	PRON
ajfa-4132	150	17	is	be	AUX
ajfa-4132	150	18	equal	equal	ADJ
ajfa-4132	150	19	to	to	ADP
ajfa-4132	150	20	0.111	0.111	NUM
ajfa-4132	150	21	,	,	PUNCT
ajfa-4132	150	22	indicating	indicate	VERB
ajfa-4132	150	23	that	that	SCONJ
ajfa-4132	150	24	the	the	DET
ajfa-4132	150	25	regression	regression	NOUN
ajfa-4132	150	26	is	be	AUX
ajfa-4132	150	27	not	not	PART
ajfa-4132	150	28	significant	significant	ADJ
ajfa-4132	150	29	.	.	PUNCT
ajfa-4132	151	1	so	so	ADV
ajfa-4132	151	2	,	,	PUNCT
ajfa-4132	151	3	it	it	PRON
ajfa-4132	151	4	can	can	AUX
ajfa-4132	151	5	be	be	AUX
ajfa-4132	151	6	announced	announce	VERB
ajfa-4132	151	7	that	that	SCONJ
ajfa-4132	151	8	abnormal	abnormal	ADJ
ajfa-4132	151	9	audit	audit	NOUN
ajfa-4132	151	10	fees	fee	NOUN
ajfa-4132	151	11	are	be	AUX
ajfa-4132	151	12	not	not	PART
ajfa-4132	151	13	significantly	significantly	ADV
ajfa-4132	151	14	and	and	CCONJ
ajfa-4132	151	15	negatively	negatively	ADV
ajfa-4132	151	16	affect	affect	VERB
ajfa-4132	151	17	the	the	DET
ajfa-4132	151	18	stock	stock	NOUN
ajfa-4132	151	19	price	price	NOUN
ajfa-4132	151	20	synchronicity	synchronicity	NOUN
ajfa-4132	151	21	;	;	PUNCT
ajfa-4132	151	22	consequently	consequently	ADV
ajfa-4132	151	23	,	,	PUNCT
ajfa-4132	151	24	sub	sub	NOUN
ajfa-4132	151	25	-	-	NOUN
ajfa-4132	151	26	hypothesis	hypothesis	NOUN
ajfa-4132	151	27	(	(	PUNCT
ajfa-4132	151	28	2	2	X
ajfa-4132	151	29	)	)	PUNCT
ajfa-4132	151	30	is	be	AUX
ajfa-4132	151	31	rejected	reject	VERB
ajfa-4132	151	32	.	.	PUNCT
ajfa-4132	152	1	table	table	NOUN
ajfa-4132	152	2	10	10	NUM
ajfa-4132	152	3	.	.	PUNCT
ajfa-4132	153	1	the	the	DET
ajfa-4132	153	2	regression	regression	NOUN
ajfa-4132	153	3	results	result	NOUN
ajfa-4132	153	4	of	of	ADP
ajfa-4132	153	5	stock	stock	NOUN
ajfa-4132	153	6	price	price	NOUN
ajfa-4132	153	7	synchronicity	synchronicity	NOUN
ajfa-4132	153	8	and	and	CCONJ
ajfa-4132	153	9	audit	audit	NOUN
ajfa-4132	153	10	fees	fee	NOUN
ajfa-4132	153	11	abnormal	abnormal	ADJ
ajfa-4132	153	12	with	with	ADP
ajfa-4132	153	13	negative	negative	ADJ
ajfa-4132	153	14	sign	sign	NOUN
ajfa-4132	153	15	variable	variable	ADJ
ajfa-4132	153	16	coef	coef	PROPN
ajfa-4132	153	17	.	.	PUNCT
ajfa-4132	154	1	r	r	X
ajfa-4132	154	2	-	-	PUNCT
ajfa-4132	154	3	squared	square	VERB
ajfa-4132	154	4	adj	adj	NOUN
ajfa-4132	154	5	r	r	NOUN
ajfa-4132	154	6	-	-	PUNCT
ajfa-4132	154	7	squared	square	VERB
ajfa-4132	154	8	std	std	NOUN
ajfa-4132	154	9	.	.	PUNCT
ajfa-4132	155	1	err	err	NOUN
ajfa-4132	155	2	.	.	PUNCT
ajfa-4132	156	1	durbin	durbin	ADJ
ajfa-4132	156	2	-	-	PUNCT
ajfa-4132	156	3	watson	watson	PROPN
ajfa-4132	156	4	stat	stat	PROPN
ajfa-4132	156	5	abfee	abfee	VERB
ajfa-4132	156	6	0.119	0.119	NUM
ajfa-4132	156	7	0.014	0.014	NUM
ajfa-4132	156	8	0.009	0.009	NUM
ajfa-4132	156	9	0.98	0.98	NUM
ajfa-4132	156	10	1.92	1.92	NUM
ajfa-4132	156	11	asian	asian	ADJ
ajfa-4132	156	12	journal	journal	NOUN
ajfa-4132	156	13	of	of	ADP
ajfa-4132	156	14	finance	finance	PROPN
ajfa-4132	156	15	&	&	CCONJ
ajfa-4132	156	16	accounting	accounting	PROPN
ajfa-4132	156	17	issn	issn	PROPN
ajfa-4132	156	18	1946	1946	NUM
ajfa-4132	156	19	-	-	PUNCT
ajfa-4132	156	20	052x	052x	NOUN
ajfa-4132	156	21	2013	2013	NUM
ajfa-4132	156	22	,	,	PUNCT
ajfa-4132	156	23	vol	vol	NOUN
ajfa-4132	156	24	.	.	PROPN
ajfa-4132	156	25	5	5	NUM
ajfa-4132	156	26	,	,	PUNCT
ajfa-4132	156	27	no	no	INTJ
ajfa-4132	156	28	.	.	NOUN
ajfa-4132	156	29	2	2	NUM
ajfa-4132	156	30	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4132	156	31	253	253	NUM
ajfa-4132	156	32	table	table	NOUN
ajfa-4132	156	33	11	11	NUM
ajfa-4132	156	34	.	.	PUNCT
ajfa-4132	157	1	anova	anova	PROPN
ajfa-4132	157	2	analysis	analysis	NOUN
ajfa-4132	157	3	results	result	NOUN
ajfa-4132	157	4	of	of	ADP
ajfa-4132	157	5	stock	stock	NOUN
ajfa-4132	157	6	price	price	NOUN
ajfa-4132	157	7	synchronicity	synchronicity	NOUN
ajfa-4132	157	8	and	and	CCONJ
ajfa-4132	157	9	audit	audit	NOUN
ajfa-4132	157	10	fees	fee	NOUN
ajfa-4132	157	11	abnormal	abnormal	ADJ
ajfa-4132	157	12	with	with	ADP
ajfa-4132	157	13	negative	negative	ADJ
ajfa-4132	157	14	sign	sign	NOUN
ajfa-4132	157	15	source	source	NOUN
ajfa-4132	157	16	sum	sum	NOUN
ajfa-4132	157	17	of	of	ADP
ajfa-4132	157	18	squares	square	NOUN
ajfa-4132	157	19	df	df	PROPN
ajfa-4132	157	20	mean	mean	VERB
ajfa-4132	157	21	square	square	ADJ
ajfa-4132	157	22	f	f	X
ajfa-4132	157	23	-	-	PUNCT
ajfa-4132	157	24	statistic	statistic	NOUN
ajfa-4132	157	25	sig	sig	NOUN
ajfa-4132	157	26	.	.	PUNCT
ajfa-4132	158	1	model	model	NOUN
ajfa-4132	158	2	2.486	2.486	NUM
ajfa-4132	158	3	1	1	NUM
ajfa-4132	158	4	2.486	2.486	NUM
ajfa-4132	158	5	2.561	2.561	NUM
ajfa-4132	158	6	.111	.111	NUM
ajfa-4132	158	7	residual	residual	ADJ
ajfa-4132	158	8	172.792	172.792	NUM
ajfa-4132	158	9	178	178	NUM
ajfa-4132	158	10	0.971	0.971	NUM
ajfa-4132	158	11	total	total	ADJ
ajfa-4132	158	12	175.279	175.279	NUM
ajfa-4132	158	13	179	179	NUM
ajfa-4132	158	14	table	table	NOUN
ajfa-4132	158	15	12	12	NUM
ajfa-4132	158	16	.	.	PUNCT
ajfa-4132	159	1	the	the	DET
ajfa-4132	159	2	regression	regression	NOUN
ajfa-4132	159	3	results	result	NOUN
ajfa-4132	159	4	of	of	ADP
ajfa-4132	159	5	effects	effect	NOUN
ajfa-4132	159	6	of	of	ADP
ajfa-4132	159	7	audit	audit	NOUN
ajfa-4132	159	8	fees	fee	NOUN
ajfa-4132	159	9	abnormal	abnormal	ADJ
ajfa-4132	159	10	with	with	ADP
ajfa-4132	159	11	negative	negative	ADJ
ajfa-4132	159	12	sign	sign	NOUN
ajfa-4132	159	13	on	on	ADP
ajfa-4132	159	14	stock	stock	NOUN
ajfa-4132	159	15	price	price	NOUN
ajfa-4132	159	16	synchronicity	synchronicity	NOUN
ajfa-4132	159	17	synch	synch	VERB
ajfa-4132	159	18	unstandardized	unstandardized	ADJ
ajfa-4132	159	19	coefficients	coefficient	NOUN
ajfa-4132	159	20	standardized	standardized	ADJ
ajfa-4132	159	21	coefficients	coefficient	NOUN
ajfa-4132	159	22	t	t	PROPN
ajfa-4132	159	23	-	-	PUNCT
ajfa-4132	159	24	statistic	statistic	NOUN
ajfa-4132	159	25	sig	sig	NOUN
ajfa-4132	159	26	.	.	PUNCT
ajfa-4132	160	1	b	b	X
ajfa-4132	160	2	std.b	std.b	PROPN
ajfa-4132	160	3	beta	beta	NOUN
ajfa-4132	160	4	concept	concept	NOUN
ajfa-4132	160	5	-1.271	-1.271	PUNCT
ajfa-4132	160	6	0.111	0.111	NUM
ajfa-4132	160	7	11.428	11.428	NUM
ajfa-4132	160	8	0.000	0.000	NUM
ajfa-4132	160	9	abfee	abfee	NOUN
ajfa-4132	160	10	-0.328	-0.328	ADP
ajfa-4132	160	11	0.205	0.205	NUM
ajfa-4132	160	12	-0.119	-0.119	SYM
ajfa-4132	160	13	-1.6	-1.6	PROPN
ajfa-4132	160	14	0.111	0.111	NUM
ajfa-4132	160	15	5	5	NUM
ajfa-4132	160	16	.	.	PUNCT
ajfa-4132	161	1	summary	summary	NOUN
ajfa-4132	161	2	and	and	CCONJ
ajfa-4132	161	3	concluding	concluding	NOUN
ajfa-4132	161	4	remarks	remark	VERB
ajfa-4132	161	5	the	the	DET
ajfa-4132	161	6	purpose	purpose	NOUN
ajfa-4132	161	7	of	of	ADP
ajfa-4132	161	8	this	this	DET
ajfa-4132	161	9	study	study	NOUN
ajfa-4132	161	10	is	be	AUX
ajfa-4132	161	11	to	to	PART
ajfa-4132	161	12	examine	examine	VERB
ajfa-4132	161	13	the	the	DET
ajfa-4132	161	14	stock	stock	NOUN
ajfa-4132	161	15	market	market	NOUN
ajfa-4132	161	16	reaction	reaction	NOUN
ajfa-4132	161	17	to	to	ADP
ajfa-4132	161	18	abnormal	abnormal	ADJ
ajfa-4132	161	19	audit	audit	NOUN
ajfa-4132	161	20	fees	fee	NOUN
ajfa-4132	161	21	of	of	ADP
ajfa-4132	161	22	listed	list	VERB
ajfa-4132	161	23	companies	company	NOUN
ajfa-4132	161	24	in	in	ADP
ajfa-4132	161	25	tehran	tehran	PROPN
ajfa-4132	161	26	stock	stock	PROPN
ajfa-4132	161	27	exchange	exchange	PROPN
ajfa-4132	161	28	.	.	PUNCT
ajfa-4132	162	1	stock	stock	NOUN
ajfa-4132	162	2	market	market	NOUN
ajfa-4132	162	3	reaction	reaction	NOUN
ajfa-4132	162	4	to	to	ADP
ajfa-4132	162	5	stock	stock	NOUN
ajfa-4132	162	6	price	price	NOUN
ajfa-4132	162	7	is	be	AUX
ajfa-4132	162	8	determined	determine	VERB
ajfa-4132	162	9	by	by	ADP
ajfa-4132	162	10	considering	consider	VERB
ajfa-4132	162	11	theoretical	theoretical	ADJ
ajfa-4132	162	12	research	research	NOUN
ajfa-4132	162	13	,	,	PUNCT
ajfa-4132	162	14	which	which	PRON
ajfa-4132	162	15	means	mean	VERB
ajfa-4132	162	16	lower	low	ADJ
ajfa-4132	162	17	stock	stock	NOUN
ajfa-4132	162	18	price	price	NOUN
ajfa-4132	162	19	synchronicity	synchronicity	NOUN
ajfa-4132	162	20	has	have	VERB
ajfa-4132	162	21	a	a	DET
ajfa-4132	162	22	positive	positive	ADJ
ajfa-4132	162	23	reaction	reaction	NOUN
ajfa-4132	162	24	in	in	ADP
ajfa-4132	162	25	stock	stock	NOUN
ajfa-4132	162	26	market	market	NOUN
ajfa-4132	162	27	and	and	CCONJ
ajfa-4132	162	28	vice	vice	NOUN
ajfa-4132	162	29	versa	versa	ADV
ajfa-4132	162	30	.	.	PUNCT
ajfa-4132	163	1	totally	totally	ADV
ajfa-4132	163	2	,	,	PUNCT
ajfa-4132	163	3	the	the	DET
ajfa-4132	163	4	results	result	NOUN
ajfa-4132	163	5	show	show	VERB
ajfa-4132	163	6	that	that	SCONJ
ajfa-4132	163	7	there	there	PRON
ajfa-4132	163	8	is	be	VERB
ajfa-4132	163	9	a	a	DET
ajfa-4132	163	10	significant	significant	ADJ
ajfa-4132	163	11	and	and	CCONJ
ajfa-4132	163	12	negative	negative	ADJ
ajfa-4132	163	13	relationship	relationship	NOUN
ajfa-4132	163	14	between	between	ADP
ajfa-4132	163	15	stock	stock	NOUN
ajfa-4132	163	16	price	price	NOUN
ajfa-4132	163	17	synchronicity	synchronicity	NOUN
ajfa-4132	163	18	and	and	CCONJ
ajfa-4132	163	19	abnormal	abnormal	ADJ
ajfa-4132	163	20	audit	audit	NOUN
ajfa-4132	163	21	fees	fee	NOUN
ajfa-4132	163	22	.	.	PUNCT
ajfa-4132	164	1	in	in	ADP
ajfa-4132	164	2	other	other	ADJ
ajfa-4132	164	3	words	word	NOUN
ajfa-4132	164	4	,	,	PUNCT
ajfa-4132	164	5	the	the	DET
ajfa-4132	164	6	stock	stock	NOUN
ajfa-4132	164	7	market	market	NOUN
ajfa-4132	164	8	will	will	AUX
ajfa-4132	164	9	react	react	VERB
ajfa-4132	164	10	positively	positively	ADV
ajfa-4132	164	11	than	than	ADP
ajfa-4132	164	12	abnormal	abnormal	ADJ
ajfa-4132	164	13	audit	audit	NOUN
ajfa-4132	164	14	fees	fee	NOUN
ajfa-4132	164	15	.	.	PUNCT
ajfa-4132	165	1	in	in	ADP
ajfa-4132	165	2	terms	term	NOUN
ajfa-4132	165	3	of	of	ADP
ajfa-4132	165	4	investors	investor	NOUN
ajfa-4132	165	5	and	and	CCONJ
ajfa-4132	165	6	users	user	NOUN
ajfa-4132	165	7	of	of	ADP
ajfa-4132	165	8	financial	financial	ADJ
ajfa-4132	165	9	statements	statement	NOUN
ajfa-4132	165	10	,	,	PUNCT
ajfa-4132	165	11	increase	increase	VERB
ajfa-4132	165	12	in	in	ADP
ajfa-4132	165	13	audit	audit	NOUN
ajfa-4132	165	14	fees	fee	NOUN
ajfa-4132	165	15	leads	lead	VERB
ajfa-4132	165	16	to	to	ADP
ajfa-4132	165	17	more	more	ADJ
ajfa-4132	165	18	contact	contact	NOUN
ajfa-4132	165	19	information	information	NOUN
ajfa-4132	165	20	in	in	ADP
ajfa-4132	165	21	the	the	DET
ajfa-4132	165	22	stock	stock	NOUN
ajfa-4132	165	23	price	price	NOUN
ajfa-4132	165	24	.	.	PUNCT
ajfa-4132	166	1	in	in	ADP
ajfa-4132	166	2	order	order	NOUN
ajfa-4132	166	3	to	to	PART
ajfa-4132	166	4	analyze	analyze	VERB
ajfa-4132	166	5	the	the	DET
ajfa-4132	166	6	different	different	ADJ
ajfa-4132	166	7	results	result	NOUN
ajfa-4132	166	8	from	from	ADP
ajfa-4132	166	9	abnormal	abnormal	ADJ
ajfa-4132	166	10	audit	audit	NOUN
ajfa-4132	166	11	fees	fee	NOUN
ajfa-4132	166	12	,	,	PUNCT
ajfa-4132	166	13	with	with	ADP
ajfa-4132	166	14	positive	positive	ADJ
ajfa-4132	166	15	sign	sign	NOUN
ajfa-4132	166	16	(	(	PUNCT
ajfa-4132	166	17	additional	additional	ADJ
ajfa-4132	166	18	fee	fee	NOUN
ajfa-4132	166	19	real	real	ADJ
ajfa-4132	166	20	standard	standard	NOUN
ajfa-4132	166	21	)	)	PUNCT
ajfa-4132	166	22	and	and	CCONJ
ajfa-4132	166	23	negative	negative	ADJ
ajfa-4132	166	24	sign	sign	NOUN
ajfa-4132	166	25	(	(	PUNCT
ajfa-4132	166	26	the	the	DET
ajfa-4132	166	27	actual	actual	ADJ
ajfa-4132	166	28	additional	additional	ADJ
ajfa-4132	166	29	fee	fee	NOUN
ajfa-4132	166	30	standardized	standardize	VERB
ajfa-4132	166	31	)	)	PUNCT
ajfa-4132	166	32	and	and	CCONJ
ajfa-4132	166	33	its	its	PRON
ajfa-4132	166	34	effect	effect	NOUN
ajfa-4132	166	35	,	,	PUNCT
ajfa-4132	166	36	separately	separately	ADV
ajfa-4132	166	37	,	,	PUNCT
ajfa-4132	166	38	evaluated	evaluate	VERB
ajfa-4132	166	39	on	on	ADP
ajfa-4132	166	40	stock	stock	NOUN
ajfa-4132	166	41	price	price	NOUN
ajfa-4132	166	42	synchronicity	synchronicity	NOUN
ajfa-4132	166	43	.	.	PUNCT
ajfa-4132	167	1	the	the	DET
ajfa-4132	167	2	results	result	NOUN
ajfa-4132	167	3	showed	show	VERB
ajfa-4132	167	4	that	that	SCONJ
ajfa-4132	167	5	there	there	PRON
ajfa-4132	167	6	is	be	VERB
ajfa-4132	167	7	a	a	DET
ajfa-4132	167	8	negative	negative	ADJ
ajfa-4132	167	9	relationship	relationship	NOUN
ajfa-4132	167	10	between	between	ADP
ajfa-4132	167	11	stock	stock	NOUN
ajfa-4132	167	12	price	price	NOUN
ajfa-4132	167	13	synchronicity	synchronicity	NOUN
ajfa-4132	167	14	and	and	CCONJ
ajfa-4132	167	15	auditing	auditing	NOUN
ajfa-4132	167	16	fees	fee	NOUN
ajfa-4132	167	17	with	with	ADP
ajfa-4132	167	18	positive	positive	ADJ
ajfa-4132	167	19	signs	sign	NOUN
ajfa-4132	167	20	.	.	PUNCT
ajfa-4132	168	1	the	the	DET
ajfa-4132	168	2	results	result	NOUN
ajfa-4132	168	3	indicate	indicate	VERB
ajfa-4132	168	4	that	that	SCONJ
ajfa-4132	168	5	investors	investor	NOUN
ajfa-4132	168	6	in	in	ADP
ajfa-4132	168	7	excess	excess	NOUN
ajfa-4132	168	8	of	of	ADP
ajfa-4132	168	9	the	the	DET
ajfa-4132	168	10	fee	fee	NOUN
ajfa-4132	168	11	paid	pay	VERB
ajfa-4132	168	12	to	to	ADP
ajfa-4132	168	13	the	the	DET
ajfa-4132	168	14	auditor	auditor	NOUN
ajfa-4132	168	15	's	's	PART
ajfa-4132	168	16	stock	stock	NOUN
ajfa-4132	168	17	price	price	NOUN
ajfa-4132	168	18	,	,	PUNCT
ajfa-4132	168	19	leading	lead	VERB
ajfa-4132	168	20	more	more	ADJ
ajfa-4132	168	21	contact	contact	NOUN
ajfa-4132	168	22	information	information	NOUN
ajfa-4132	168	23	to	to	ADP
ajfa-4132	168	24	stock	stock	NOUN
ajfa-4132	168	25	price	price	NOUN
ajfa-4132	168	26	;	;	PUNCT
ajfa-4132	168	27	consequently	consequently	ADV
ajfa-4132	168	28	,	,	PUNCT
ajfa-4132	168	29	positive	positive	ADJ
ajfa-4132	168	30	stock	stock	NOUN
ajfa-4132	168	31	market	market	NOUN
ajfa-4132	168	32	reaction	reaction	NOUN
ajfa-4132	168	33	.	.	PUNCT
ajfa-4132	169	1	also	also	ADV
ajfa-4132	169	2	,	,	PUNCT
ajfa-4132	169	3	the	the	DET
ajfa-4132	169	4	study	study	NOUN
ajfa-4132	169	5	shows	show	VERB
ajfa-4132	169	6	that	that	SCONJ
ajfa-4132	169	7	there	there	PRON
ajfa-4132	169	8	is	be	VERB
ajfa-4132	169	9	no	no	DET
ajfa-4132	169	10	significant	significant	ADJ
ajfa-4132	169	11	relationship	relationship	NOUN
ajfa-4132	169	12	between	between	ADP
ajfa-4132	169	13	stock	stock	NOUN
ajfa-4132	169	14	price	price	NOUN
ajfa-4132	169	15	synchronicity	synchronicity	NOUN
ajfa-4132	169	16	and	and	CCONJ
ajfa-4132	169	17	auditing	auditing	NOUN
ajfa-4132	169	18	fees	fee	NOUN
ajfa-4132	169	19	.	.	PUNCT
ajfa-4132	170	1	in	in	ADP
ajfa-4132	170	2	fact	fact	NOUN
ajfa-4132	170	3	,	,	PUNCT
ajfa-4132	170	4	investors	investor	NOUN
ajfa-4132	170	5	do	do	AUX
ajfa-4132	170	6	not	not	PART
ajfa-4132	170	7	react	react	VERB
ajfa-4132	170	8	to	to	ADP
ajfa-4132	170	9	payments	payment	NOUN
ajfa-4132	170	10	that	that	PRON
ajfa-4132	170	11	are	be	AUX
ajfa-4132	170	12	less	less	ADJ
ajfa-4132	170	13	than	than	ADP
ajfa-4132	170	14	actual	actual	ADJ
ajfa-4132	170	15	fees	fee	NOUN
ajfa-4132	170	16	paying	pay	VERB
ajfa-4132	170	17	to	to	ADP
ajfa-4132	170	18	auditors	auditor	NOUN
ajfa-4132	170	19	.	.	PUNCT
ajfa-4132	171	1	the	the	DET
ajfa-4132	171	2	results	result	NOUN
ajfa-4132	171	3	are	be	AUX
ajfa-4132	171	4	consistent	consistent	ADJ
ajfa-4132	171	5	with	with	ADP
ajfa-4132	171	6	desai	desai	PROPN
ajfa-4132	171	7	,	,	PUNCT
ajfa-4132	171	8	desai	desai	PROPN
ajfa-4132	171	9	,	,	PUNCT
ajfa-4132	171	10	singhvi	singhvi	NOUN
ajfa-4132	171	11	,	,	PUNCT
ajfa-4132	171	12	and	and	CCONJ
ajfa-4132	171	13	munsif	munsif	NOUN
ajfa-4132	171	14	(	(	PUNCT
ajfa-4132	171	15	2012	2012	NUM
ajfa-4132	171	16	)	)	PUNCT
ajfa-4132	171	17	,	,	PUNCT
ajfa-4132	171	18	srinidhi	srinidhi	NOUN
ajfa-4132	171	19	and	and	CCONJ
ajfa-4132	171	20	gul	gul	PROPN
ajfa-4132	171	21	(	(	PUNCT
ajfa-4132	171	22	2007	2007	NUM
ajfa-4132	171	23	)	)	PUNCT
ajfa-4132	171	24	,	,	PUNCT
ajfa-4132	171	25	krishnan	krishnan	PROPN
ajfa-4132	171	26	,	,	PUNCT
ajfa-4132	171	27	sami	sami	PROPN
ajfa-4132	171	28	,	,	PUNCT
ajfa-4132	171	29	and	and	CCONJ
ajfa-4132	171	30	zhang	zhang	PROPN
ajfa-4132	171	31	(	(	PUNCT
ajfa-4132	171	32	2005	2005	NUM
ajfa-4132	171	33	)	)	PUNCT
ajfa-4132	171	34	and	and	CCONJ
ajfa-4132	171	35	choi	choi	NOUN
ajfa-4132	171	36	,	,	PUNCT
ajfa-4132	171	37	kim	kim	PROPN
ajfa-4132	171	38	,	,	PUNCT
ajfa-4132	171	39	and	and	CCONJ
ajfa-4132	171	40	zang	zang	PROPN
ajfa-4132	171	41	(	(	PUNCT
ajfa-4132	171	42	2006	2006	NUM
ajfa-4132	171	43	)	)	PUNCT
ajfa-4132	171	44	.	.	PUNCT
ajfa-4132	172	1	each	each	PRON
ajfa-4132	172	2	of	of	ADP
ajfa-4132	172	3	these	these	DET
ajfa-4132	172	4	studies	study	NOUN
ajfa-4132	172	5	examined	examine	VERB
ajfa-4132	172	6	the	the	DET
ajfa-4132	172	7	association	association	NOUN
ajfa-4132	172	8	audit	audit	NOUN
ajfa-4132	172	9	fees	fee	NOUN
ajfa-4132	172	10	with	with	ADP
ajfa-4132	172	11	audit	audit	NOUN
ajfa-4132	172	12	quality	quality	NOUN
ajfa-4132	172	13	and	and	CCONJ
ajfa-4132	172	14	financial	financial	ADJ
ajfa-4132	172	15	reporting	reporting	NOUN
ajfa-4132	172	16	process	process	NOUN
ajfa-4132	172	17	.	.	PUNCT
ajfa-4132	173	1	these	these	DET
ajfa-4132	173	2	results	result	NOUN
ajfa-4132	173	3	suggest	suggest	VERB
ajfa-4132	173	4	a	a	DET
ajfa-4132	173	5	positive	positive	ADJ
ajfa-4132	173	6	association	association	NOUN
ajfa-4132	173	7	between	between	ADP
ajfa-4132	173	8	audit	audit	NOUN
ajfa-4132	173	9	fees	fee	NOUN
ajfa-4132	173	10	and	and	CCONJ
ajfa-4132	173	11	audit	audit	NOUN
ajfa-4132	173	12	quality	quality	NOUN
ajfa-4132	173	13	.	.	PUNCT
ajfa-4132	174	1	on	on	ADP
ajfa-4132	174	2	the	the	DET
ajfa-4132	174	3	other	other	ADJ
ajfa-4132	174	4	hand	hand	NOUN
ajfa-4132	174	5	,	,	PUNCT
ajfa-4132	174	6	the	the	DET
ajfa-4132	174	7	results	result	NOUN
ajfa-4132	174	8	are	be	AUX
ajfa-4132	174	9	not	not	PART
ajfa-4132	174	10	consistent	consistent	ADJ
ajfa-4132	174	11	with	with	ADP
ajfa-4132	174	12	wang	wang	PROPN
ajfa-4132	174	13	(	(	PUNCT
ajfa-4132	174	14	2009	2009	NUM
ajfa-4132	174	15	)	)	PUNCT
ajfa-4132	174	16	results	result	NOUN
ajfa-4132	174	17	.	.	PUNCT
ajfa-4132	175	1	the	the	DET
ajfa-4132	175	2	study	study	NOUN
ajfa-4132	175	3	carried	carry	VERB
ajfa-4132	175	4	out	out	ADP
ajfa-4132	175	5	by	by	ADP
ajfa-4132	175	6	wang	wang	PROPN
ajfa-4132	175	7	(	(	PUNCT
ajfa-4132	175	8	2009	2009	NUM
ajfa-4132	175	9	)	)	PUNCT
ajfa-4132	175	10	examined	examine	VERB
ajfa-4132	175	11	whether	whether	SCONJ
ajfa-4132	175	12	the	the	DET
ajfa-4132	175	13	abnormal	abnormal	ADJ
ajfa-4132	175	14	audit	audit	NOUN
ajfa-4132	175	15	fee	fee	NOUN
ajfa-4132	175	16	related	relate	VERB
ajfa-4132	175	17	the	the	DET
ajfa-4132	175	18	company	company	NOUN
ajfa-4132	175	19	's	's	PART
ajfa-4132	175	20	information	information	NOUN
ajfa-4132	175	21	to	to	ADP
ajfa-4132	175	22	the	the	DET
ajfa-4132	175	23	stock	stock	NOUN
ajfa-4132	175	24	price	price	NOUN
ajfa-4132	175	25	and	and	CCONJ
ajfa-4132	175	26	the	the	DET
ajfa-4132	175	27	results	result	NOUN
ajfa-4132	175	28	showed	show	VERB
ajfa-4132	175	29	that	that	SCONJ
ajfa-4132	175	30	high	high	ADJ
ajfa-4132	175	31	audit	audit	NOUN
ajfa-4132	175	32	fees	fee	NOUN
ajfa-4132	175	33	lead	lead	VERB
ajfa-4132	175	34	to	to	ADP
ajfa-4132	175	35	auditor	auditor	NOUN
ajfa-4132	175	36	independence	independence	NOUN
ajfa-4132	175	37	;	;	PUNCT
ajfa-4132	175	38	so	so	ADV
ajfa-4132	175	39	,	,	PUNCT
ajfa-4132	175	40	it	it	PRON
ajfa-4132	175	41	decreases	decrease	VERB
ajfa-4132	175	42	audit	audit	NOUN
ajfa-4132	175	43	quality	quality	NOUN
ajfa-4132	175	44	and	and	CCONJ
ajfa-4132	175	45	increases	increase	VERB
ajfa-4132	175	46	stock	stock	NOUN
ajfa-4132	175	47	price	price	NOUN
ajfa-4132	175	48	synchronicity	synchronicity	NOUN
ajfa-4132	175	49	and	and	CCONJ
ajfa-4132	175	50	inconsistent	inconsistent	ADJ
ajfa-4132	175	51	results	result	NOUN
ajfa-4132	175	52	may	may	AUX
ajfa-4132	175	53	be	be	AUX
ajfa-4132	175	54	due	due	ADJ
ajfa-4132	175	55	to	to	ADP
ajfa-4132	175	56	investors	investor	NOUN
ajfa-4132	175	57	'	'	PART
ajfa-4132	175	58	perception	perception	NOUN
ajfa-4132	175	59	of	of	ADP
ajfa-4132	175	60	the	the	DET
ajfa-4132	175	61	relationship	relationship	NOUN
ajfa-4132	175	62	.	.	PUNCT
ajfa-4132	176	1	asian	asian	ADJ
ajfa-4132	176	2	journal	journal	PROPN
ajfa-4132	176	3	of	of	ADP
ajfa-4132	176	4	finance	finance	PROPN
ajfa-4132	176	5	&	&	CCONJ
ajfa-4132	176	6	accounting	accounting	PROPN
ajfa-4132	176	7	issn	issn	PROPN
ajfa-4132	176	8	1946	1946	NUM
ajfa-4132	176	9	-	-	PUNCT
ajfa-4132	176	10	052x	052x	NOUN
ajfa-4132	176	11	2013	2013	NUM
ajfa-4132	176	12	,	,	PUNCT
ajfa-4132	176	13	vol	vol	NOUN
ajfa-4132	176	14	.	.	PROPN
ajfa-4132	176	15	5	5	NUM
ajfa-4132	176	16	,	,	PUNCT
ajfa-4132	176	17	no	no	INTJ
ajfa-4132	176	18	.	.	NOUN
ajfa-4132	176	19	2	2	NUM
ajfa-4132	176	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4132	176	21	254	254	NUM
ajfa-4132	176	22	5.1	5.1	NUM
ajfa-4132	176	23	research	research	NOUN
ajfa-4132	176	24	suggestions	suggestion	NOUN
ajfa-4132	176	25	1	1	NUM
ajfa-4132	176	26	.	.	PUNCT
ajfa-4132	177	1	the	the	DET
ajfa-4132	177	2	study	study	NOUN
ajfa-4132	177	3	,	,	PUNCT
ajfa-4132	177	4	for	for	ADP
ajfa-4132	177	5	the	the	DET
ajfa-4132	177	6	first	first	ADJ
ajfa-4132	177	7	time	time	NOUN
ajfa-4132	177	8	,	,	PUNCT
ajfa-4132	177	9	investigates	investigate	VERB
ajfa-4132	177	10	the	the	DET
ajfa-4132	177	11	abnormal	abnormal	ADJ
ajfa-4132	177	12	audit	audit	NOUN
ajfa-4132	177	13	fees	fee	NOUN
ajfa-4132	177	14	and	and	CCONJ
ajfa-4132	177	15	stock	stock	NOUN
ajfa-4132	177	16	price	price	NOUN
ajfa-4132	177	17	synchronicity	synchronicity	NOUN
ajfa-4132	177	18	in	in	ADP
ajfa-4132	177	19	tehran	tehran	PROPN
ajfa-4132	177	20	stock	stock	PROPN
ajfa-4132	177	21	exchange	exchange	PROPN
ajfa-4132	177	22	(	(	PUNCT
ajfa-4132	177	23	tse	tse	PROPN
ajfa-4132	177	24	)	)	PUNCT
ajfa-4132	177	25	.	.	PUNCT
ajfa-4132	178	1	in	in	ADP
ajfa-4132	178	2	future	future	ADJ
ajfa-4132	178	3	research	research	NOUN
ajfa-4132	178	4	,	,	PUNCT
ajfa-4132	178	5	the	the	DET
ajfa-4132	178	6	effect	effect	NOUN
ajfa-4132	178	7	of	of	ADP
ajfa-4132	178	8	other	other	ADJ
ajfa-4132	178	9	factors	factor	NOUN
ajfa-4132	178	10	,	,	PUNCT
ajfa-4132	178	11	on	on	ADP
ajfa-4132	178	12	each	each	PRON
ajfa-4132	178	13	of	of	ADP
ajfa-4132	178	14	these	these	DET
ajfa-4132	178	15	variables	variable	NOUN
ajfa-4132	178	16	,	,	PUNCT
ajfa-4132	178	17	can	can	AUX
ajfa-4132	178	18	separately	separately	ADV
ajfa-4132	178	19	be	be	AUX
ajfa-4132	178	20	investigated	investigate	VERB
ajfa-4132	178	21	.	.	PUNCT
ajfa-4132	179	1	2	2	X
ajfa-4132	179	2	.	.	X
ajfa-4132	179	3	in	in	ADP
ajfa-4132	179	4	this	this	DET
ajfa-4132	179	5	study	study	NOUN
ajfa-4132	179	6	,	,	PUNCT
ajfa-4132	179	7	only	only	ADV
ajfa-4132	179	8	the	the	DET
ajfa-4132	179	9	variables	variable	NOUN
ajfa-4132	179	10	of	of	ADP
ajfa-4132	179	11	abnormal	abnormal	ADJ
ajfa-4132	179	12	audit	audit	NOUN
ajfa-4132	179	13	fees	fee	NOUN
ajfa-4132	179	14	,	,	PUNCT
ajfa-4132	179	15	natural	natural	ADJ
ajfa-4132	179	16	logarithm	logarithm	NOUN
ajfa-4132	179	17	of	of	ADP
ajfa-4132	179	18	the	the	DET
ajfa-4132	179	19	number	number	NOUN
ajfa-4132	179	20	of	of	ADP
ajfa-4132	179	21	firms	firm	NOUN
ajfa-4132	179	22	in	in	ADP
ajfa-4132	179	23	the	the	DET
ajfa-4132	179	24	industry	industry	NOUN
ajfa-4132	179	25	,	,	PUNCT
ajfa-4132	179	26	the	the	DET
ajfa-4132	179	27	size	size	NOUN
ajfa-4132	179	28	of	of	ADP
ajfa-4132	179	29	auditing	auditing	NOUN
ajfa-4132	179	30	firm	firm	NOUN
ajfa-4132	179	31	,	,	PUNCT
ajfa-4132	179	32	the	the	DET
ajfa-4132	179	33	time	time	NOUN
ajfa-4132	179	34	spent	spend	VERB
ajfa-4132	179	35	in	in	ADP
ajfa-4132	179	36	the	the	DET
ajfa-4132	179	37	stock	stock	NOUN
ajfa-4132	179	38	market	market	NOUN
ajfa-4132	179	39	and	and	CCONJ
ajfa-4132	179	40	the	the	DET
ajfa-4132	179	41	natural	natural	ADJ
ajfa-4132	179	42	logarithm	logarithm	NOUN
ajfa-4132	179	43	of	of	ADP
ajfa-4132	179	44	total	total	ADJ
ajfa-4132	179	45	assets	asset	NOUN
ajfa-4132	179	46	is	be	AUX
ajfa-4132	179	47	considered	consider	VERB
ajfa-4132	179	48	.	.	PUNCT
ajfa-4132	180	1	while	while	SCONJ
ajfa-4132	180	2	many	many	ADJ
ajfa-4132	180	3	variables	variable	NOUN
ajfa-4132	180	4	,	,	PUNCT
ajfa-4132	180	5	including	include	VERB
ajfa-4132	180	6	the	the	DET
ajfa-4132	180	7	ratios	ratio	NOUN
ajfa-4132	180	8	of	of	ADP
ajfa-4132	180	9	corporate	corporate	ADJ
ajfa-4132	180	10	debt	debt	NOUN
ajfa-4132	180	11	,	,	PUNCT
ajfa-4132	180	12	profit	profit	NOUN
ajfa-4132	180	13	,	,	PUNCT
ajfa-4132	180	14	and	and	CCONJ
ajfa-4132	180	15	others	other	NOUN
ajfa-4132	180	16	in	in	ADP
ajfa-4132	180	17	stock	stock	NOUN
ajfa-4132	180	18	price	price	NOUN
ajfa-4132	180	19	synchronicity	synchronicity	NOUN
ajfa-4132	180	20	are	be	AUX
ajfa-4132	180	21	effective	effective	ADJ
ajfa-4132	180	22	;	;	PUNCT
ajfa-4132	180	23	so	so	CCONJ
ajfa-4132	180	24	it	it	PRON
ajfa-4132	180	25	is	be	AUX
ajfa-4132	180	26	recommended	recommend	VERB
ajfa-4132	180	27	to	to	ADP
ajfa-4132	180	28	future	future	ADJ
ajfa-4132	180	29	researchers	researcher	NOUN
ajfa-4132	180	30	to	to	PART
ajfa-4132	180	31	use	use	VERB
ajfa-4132	180	32	them	they	PRON
ajfa-4132	180	33	.	.	PUNCT
ajfa-4132	181	1	3	3	X
ajfa-4132	181	2	.	.	X
ajfa-4132	181	3	the	the	DET
ajfa-4132	181	4	range	range	NOUN
ajfa-4132	181	5	of	of	ADP
ajfa-4132	181	6	studied	study	VERB
ajfa-4132	181	7	years	year	NOUN
ajfa-4132	181	8	is	be	AUX
ajfa-4132	181	9	only	only	ADV
ajfa-4132	181	10	from	from	ADP
ajfa-4132	181	11	2006	2006	NUM
ajfa-4132	181	12	to	to	ADP
ajfa-4132	181	13	2010	2010	NUM
ajfa-4132	181	14	,	,	PUNCT
ajfa-4132	181	15	while	while	SCONJ
ajfa-4132	181	16	the	the	DET
ajfa-4132	181	17	use	use	NOUN
ajfa-4132	181	18	of	of	ADP
ajfa-4132	181	19	a	a	DET
ajfa-4132	181	20	longer	long	ADJ
ajfa-4132	181	21	period	period	NOUN
ajfa-4132	181	22	of	of	ADP
ajfa-4132	181	23	time	time	NOUN
ajfa-4132	181	24	can	can	AUX
ajfa-4132	181	25	give	give	VERB
ajfa-4132	181	26	more	more	ADV
ajfa-4132	181	27	accurate	accurate	ADJ
ajfa-4132	181	28	results	result	NOUN
ajfa-4132	181	29	.	.	PUNCT
ajfa-4132	182	1	4	4	X
ajfa-4132	182	2	.	.	X
ajfa-4132	182	3	some	some	PRON
ajfa-4132	182	4	of	of	ADP
ajfa-4132	182	5	the	the	DET
ajfa-4132	182	6	variables	variable	NOUN
ajfa-4132	182	7	have	have	VERB
ajfa-4132	182	8	more	more	ADJ
ajfa-4132	182	9	than	than	ADP
ajfa-4132	182	10	one	one	NUM
ajfa-4132	182	11	operational	operational	ADJ
ajfa-4132	182	12	definition	definition	NOUN
ajfa-4132	182	13	that	that	SCONJ
ajfa-4132	182	14	it	it	PRON
ajfa-4132	182	15	can	can	AUX
ajfa-4132	182	16	be	be	AUX
ajfa-4132	182	17	used	use	VERB
ajfa-4132	182	18	by	by	ADP
ajfa-4132	182	19	other	other	ADJ
ajfa-4132	182	20	definitions	definition	NOUN
ajfa-4132	182	21	.	.	PUNCT
ajfa-4132	183	1	for	for	ADP
ajfa-4132	183	2	example	example	NOUN
ajfa-4132	183	3	,	,	PUNCT
ajfa-4132	183	4	non	non	ADJ
ajfa-4132	183	5	-	-	ADJ
ajfa-4132	183	6	audit	audit	ADJ
ajfa-4132	183	7	fees	fee	NOUN
ajfa-4132	183	8	can	can	AUX
ajfa-4132	183	9	be	be	AUX
ajfa-4132	183	10	used	use	VERB
ajfa-4132	183	11	instead	instead	ADV
ajfa-4132	183	12	of	of	ADP
ajfa-4132	183	13	audit	audit	NOUN
ajfa-4132	183	14	fees	fee	VERB
ajfa-4132	183	15	financial	financial	ADJ
ajfa-4132	183	16	advisory	advisory	NOUN
ajfa-4132	183	17	,	,	PUNCT
ajfa-4132	183	18	tax	tax	NOUN
ajfa-4132	183	19	,	,	PUNCT
ajfa-4132	183	20	etc	etc	X
ajfa-4132	183	21	.	.	X
ajfa-4132	184	1	5	5	X
ajfa-4132	184	2	.	.	PUNCT
ajfa-4132	185	1	the	the	DET
ajfa-4132	185	2	research	research	NOUN
ajfa-4132	185	3	can	can	AUX
ajfa-4132	185	4	be	be	AUX
ajfa-4132	185	5	used	use	VERB
ajfa-4132	185	6	in	in	ADP
ajfa-4132	185	7	various	various	ADJ
ajfa-4132	185	8	industries	industry	NOUN
ajfa-4132	185	9	separately	separately	ADV
ajfa-4132	185	10	or	or	CCONJ
ajfa-4132	185	11	jointly	jointly	ADV
ajfa-4132	185	12	for	for	ADP
ajfa-4132	185	13	some	some	DET
ajfa-4132	185	14	industries	industry	NOUN
ajfa-4132	185	15	and	and	CCONJ
ajfa-4132	185	16	according	accord	VERB
ajfa-4132	185	17	to	to	ADP
ajfa-4132	185	18	the	the	DET
ajfa-4132	185	19	nature	nature	NOUN
ajfa-4132	185	20	of	of	ADP
ajfa-4132	185	21	industrial	industrial	ADJ
ajfa-4132	185	22	activity	activity	NOUN
ajfa-4132	185	23	,	,	PUNCT
ajfa-4132	185	24	different	different	ADJ
ajfa-4132	185	25	results	result	NOUN
ajfa-4132	185	26	can	can	AUX
ajfa-4132	185	27	be	be	AUX
ajfa-4132	185	28	expected	expect	VERB
ajfa-4132	185	29	.	.	PUNCT
ajfa-4132	186	1	references	reference	NOUN
ajfa-4132	186	2	ashbaugh	ashbaugh	ADV
ajfa-4132	186	3	,	,	PUNCT
ajfa-4132	186	4	h.	h.	PROPN
ajfa-4132	186	5	,	,	PUNCT
ajfa-4132	186	6	lafond	lafond	PROPN
ajfa-4132	186	7	,	,	PUNCT
ajfa-4132	186	8	r.	r.	PROPN
ajfa-4132	186	9	,	,	PUNCT
ajfa-4132	186	10	&	&	CCONJ
ajfa-4132	186	11	mayhew	mayhew	PROPN
ajfa-4132	186	12	,	,	PUNCT
ajfa-4132	186	13	b.	b.	PROPN
ajfa-4132	186	14	w.	w.	PROPN
ajfa-4132	186	15	(	(	PUNCT
ajfa-4132	186	16	2003	2003	NUM
ajfa-4132	186	17	)	)	PUNCT
ajfa-4132	186	18	.	.	PUNCT
ajfa-4132	187	1	do	do	AUX
ajfa-4132	187	2	nonaudit	nonaudit	PROPN
ajfa-4132	187	3	services	service	NOUN
ajfa-4132	187	4	compromise	compromise	VERB
ajfa-4132	187	5	auditor	auditor	NOUN
ajfa-4132	187	6	independence	independence	NOUN
ajfa-4132	187	7	?	?	PUNCT
ajfa-4132	188	1	further	further	ADJ
ajfa-4132	188	2	evidence	evidence	NOUN
ajfa-4132	188	3	.	.	PUNCT
ajfa-4132	189	1	the	the	DET
ajfa-4132	189	2	accounting	accounting	NOUN
ajfa-4132	189	3	review	review	NOUN
ajfa-4132	189	4	,	,	PUNCT
ajfa-4132	189	5	78(3	78(3	NOUN
ajfa-4132	189	6	)	)	PUNCT
ajfa-4132	189	7	,	,	PUNCT
ajfa-4132	189	8	611	611	NUM
ajfa-4132	189	9	-	-	SYM
ajfa-4132	189	10	639	639	NUM
ajfa-4132	189	11	.	.	PUNCT
ajfa-4132	190	1	http://dx.doi.org/10.2308/accr.2003.78.3.611	http://dx.doi.org/10.2308/accr.2003.78.3.611	VERB
ajfa-4132	190	2	choi	choi	NOUN
ajfa-4132	190	3	,	,	PUNCT
ajfa-4132	190	4	j.	j.	PROPN
ajfa-4132	190	5	,	,	PUNCT
ajfa-4132	190	6	kim	kim	PROPN
ajfa-4132	190	7	,	,	PUNCT
ajfa-4132	190	8	j.-b	j.-b	PROPN
ajfa-4132	190	9	.	.	PROPN
ajfa-4132	190	10	,	,	PUNCT
ajfa-4132	190	11	&	&	CCONJ
ajfa-4132	190	12	zang	zang	PROPN
ajfa-4132	190	13	,	,	PUNCT
ajfa-4132	190	14	y.	y.	PROPN
ajfa-4132	190	15	(	(	PUNCT
ajfa-4132	190	16	2006	2006	NUM
ajfa-4132	190	17	)	)	PUNCT
ajfa-4132	190	18	.	.	PUNCT
ajfa-4132	191	1	the	the	DET
ajfa-4132	191	2	association	association	NOUN
ajfa-4132	191	3	between	between	ADP
ajfa-4132	191	4	audit	audit	NOUN
ajfa-4132	191	5	quality	quality	NOUN
ajfa-4132	191	6	and	and	CCONJ
ajfa-4132	191	7	abnormal	abnormal	ADJ
ajfa-4132	191	8	audit	audit	NOUN
ajfa-4132	191	9	fees	fee	NOUN
ajfa-4132	191	10	.	.	PUNCT
ajfa-4132	192	1	available	available	ADJ
ajfa-4132	192	2	at	at	ADP
ajfa-4132	192	3	ssrn	ssrn	NOUN
ajfa-4132	192	4	848067	848067	NUM
ajfa-4132	192	5	.	.	PUNCT
ajfa-4132	193	1	desai	desai	PROPN
ajfa-4132	193	2	,	,	PUNCT
ajfa-4132	193	3	r.	r.	PROPN
ajfa-4132	193	4	,	,	PUNCT
ajfa-4132	193	5	desai	desai	PROPN
ajfa-4132	193	6	,	,	PUNCT
ajfa-4132	193	7	v.	v.	PROPN
ajfa-4132	193	8	,	,	PUNCT
ajfa-4132	193	9	singhvi	singhvi	NOUN
ajfa-4132	193	10	,	,	PUNCT
ajfa-4132	193	11	m.	m.	NOUN
ajfa-4132	193	12	,	,	PUNCT
ajfa-4132	193	13	&	&	CCONJ
ajfa-4132	193	14	munsif	munsif	VERB
ajfa-4132	193	15	,	,	PUNCT
ajfa-4132	193	16	v.	v.	PROPN
ajfa-4132	193	17	(	(	PUNCT
ajfa-4132	193	18	2012	2012	NUM
ajfa-4132	193	19	)	)	PUNCT
ajfa-4132	193	20	.	.	PUNCT
ajfa-4132	194	1	audit	audit	NOUN
ajfa-4132	194	2	fees	fee	NOUN
ajfa-4132	194	3	,	,	PUNCT
ajfa-4132	194	4	nonaudit	nonaudit	NOUN
ajfa-4132	194	5	fees	fee	NOUN
ajfa-4132	194	6	,	,	PUNCT
ajfa-4132	194	7	and	and	CCONJ
ajfa-4132	194	8	auditor	auditor	NOUN
ajfa-4132	194	9	quality	quality	NOUN
ajfa-4132	194	10	:	:	PUNCT
ajfa-4132	194	11	an	an	DET
ajfa-4132	194	12	analysis	analysis	NOUN
ajfa-4132	194	13	from	from	ADP
ajfa-4132	194	14	the	the	DET
ajfa-4132	194	15	indian	indian	PROPN
ajfa-4132	194	16	perspective	perspective	PROPN
ajfa-4132	194	17	.	.	PUNCT
ajfa-4132	195	1	journal	journal	PROPN
ajfa-4132	195	2	of	of	ADP
ajfa-4132	195	3	accounting	accounting	NOUN
ajfa-4132	195	4	,	,	PUNCT
ajfa-4132	195	5	ethics	ethic	NOUN
ajfa-4132	195	6	and	and	CCONJ
ajfa-4132	195	7	public	public	ADJ
ajfa-4132	195	8	policy	policy	NOUN
ajfa-4132	195	9	,	,	PUNCT
ajfa-4132	195	10	13(2	13(2	NOUN
ajfa-4132	195	11	)	)	PUNCT
ajfa-4132	195	12	,	,	PUNCT
ajfa-4132	195	13	151	151	NUM
ajfa-4132	195	14	-	-	SYM
ajfa-4132	195	15	165	165	NUM
ajfa-4132	195	16	.	.	PUNCT
ajfa-4132	196	1	durnev	durnev	PROPN
ajfa-4132	196	2	,	,	PUNCT
ajfa-4132	196	3	a.	a.	NOUN
ajfa-4132	196	4	,	,	PUNCT
ajfa-4132	196	5	morck	morck	PROPN
ajfa-4132	196	6	,	,	PUNCT
ajfa-4132	196	7	r.	r.	PROPN
ajfa-4132	196	8	,	,	PUNCT
ajfa-4132	196	9	&	&	CCONJ
ajfa-4132	196	10	yeung	yeung	PROPN
ajfa-4132	196	11	,	,	PUNCT
ajfa-4132	196	12	b.	b.	PROPN
ajfa-4132	196	13	(	(	PUNCT
ajfa-4132	196	14	2004	2004	NUM
ajfa-4132	196	15	)	)	PUNCT
ajfa-4132	196	16	.	.	PUNCT
ajfa-4132	197	1	value‐enhancing	value‐enhance	VERB
ajfa-4132	197	2	capital	capital	NOUN
ajfa-4132	197	3	budgeting	budgeting	NOUN
ajfa-4132	197	4	and	and	CCONJ
ajfa-4132	197	5	firm‐specific	firm‐specific	PROPN
ajfa-4132	197	6	stock	stock	NOUN
ajfa-4132	197	7	return	return	NOUN
ajfa-4132	197	8	variation	variation	NOUN
ajfa-4132	197	9	.	.	PUNCT
ajfa-4132	198	1	the	the	DET
ajfa-4132	198	2	journal	journal	PROPN
ajfa-4132	198	3	of	of	ADP
ajfa-4132	198	4	finance	finance	NOUN
ajfa-4132	198	5	,	,	PUNCT
ajfa-4132	198	6	59(1	59(1	NUM
ajfa-4132	198	7	)	)	PUNCT
ajfa-4132	198	8	,	,	PUNCT
ajfa-4132	198	9	65	65	NUM
ajfa-4132	198	10	-	-	SYM
ajfa-4132	198	11	105	105	NUM
ajfa-4132	198	12	.	.	PUNCT
ajfa-4132	199	1	http://dx.doi.org/10.1111/j.1540-6261.2004.00627.x	http://dx.doi.org/10.1111/j.1540-6261.2004.00627.x	NOUN
ajfa-4132	199	2	durnev	durnev	PROPN
ajfa-4132	199	3	,	,	PUNCT
ajfa-4132	199	4	a.	a.	NOUN
ajfa-4132	199	5	,	,	PUNCT
ajfa-4132	199	6	morck	morck	PROPN
ajfa-4132	199	7	,	,	PUNCT
ajfa-4132	199	8	r.	r.	PROPN
ajfa-4132	199	9	,	,	PUNCT
ajfa-4132	199	10	yeung	yeung	PROPN
ajfa-4132	199	11	,	,	PUNCT
ajfa-4132	199	12	b.	b.	PROPN
ajfa-4132	199	13	,	,	PUNCT
ajfa-4132	199	14	&	&	CCONJ
ajfa-4132	199	15	zarowin	zarowin	PROPN
ajfa-4132	199	16	,	,	PUNCT
ajfa-4132	199	17	p.	p.	NOUN
ajfa-4132	199	18	(	(	PUNCT
ajfa-4132	199	19	2003	2003	NUM
ajfa-4132	199	20	)	)	PUNCT
ajfa-4132	199	21	.	.	PUNCT
ajfa-4132	200	1	does	do	AUX
ajfa-4132	200	2	greater	great	ADJ
ajfa-4132	200	3	firm‐specific	firm‐specific	NOUN
ajfa-4132	200	4	return	return	VERB
ajfa-4132	200	5	variation	variation	NOUN
ajfa-4132	200	6	mean	mean	VERB
ajfa-4132	200	7	more	more	ADV
ajfa-4132	200	8	or	or	CCONJ
ajfa-4132	200	9	less	less	ADV
ajfa-4132	200	10	informed	informed	ADJ
ajfa-4132	200	11	stock	stock	NOUN
ajfa-4132	200	12	pricing	pricing	NOUN
ajfa-4132	200	13	?	?	PUNCT
ajfa-4132	201	1	journal	journal	NOUN
ajfa-4132	201	2	of	of	ADP
ajfa-4132	201	3	accounting	accounting	NOUN
ajfa-4132	201	4	research	research	NOUN
ajfa-4132	201	5	,	,	PUNCT
ajfa-4132	201	6	41(5	41(5	NUM
ajfa-4132	201	7	)	)	PUNCT
ajfa-4132	201	8	,	,	PUNCT
ajfa-4132	201	9	797	797	NUM
ajfa-4132	201	10	-	-	SYM
ajfa-4132	201	11	836	836	NUM
ajfa-4132	201	12	.	.	PUNCT
ajfa-4132	202	1	http://dx.doi.org/10.1046/j.1475-679x.2003.00124.x	http://dx.doi.org/10.1046/j.1475-679x.2003.00124.x	PROPN
ajfa-4132	202	2	francis	francis	PROPN
ajfa-4132	202	3	,	,	PUNCT
ajfa-4132	202	4	j.	j.	PROPN
ajfa-4132	202	5	r.	r.	PROPN
ajfa-4132	202	6	(	(	PUNCT
ajfa-4132	202	7	2006	2006	NUM
ajfa-4132	202	8	)	)	PUNCT
ajfa-4132	202	9	.	.	PUNCT
ajfa-4132	203	1	are	be	AUX
ajfa-4132	203	2	auditors	auditor	NOUN
ajfa-4132	203	3	compromised	compromise	VERB
ajfa-4132	203	4	by	by	ADP
ajfa-4132	203	5	nonaudit	nonaudit	PROPN
ajfa-4132	203	6	services	service	NOUN
ajfa-4132	203	7	?	?	PUNCT
ajfa-4132	204	1	assessing	assess	VERB
ajfa-4132	204	2	the	the	DET
ajfa-4132	204	3	evidence	evidence	NOUN
ajfa-4132	204	4	*	*	PUNCT
ajfa-4132	204	5	.	.	PUNCT
ajfa-4132	205	1	contemporary	contemporary	ADJ
ajfa-4132	205	2	accounting	accounting	NOUN
ajfa-4132	205	3	research	research	NOUN
ajfa-4132	205	4	,	,	PUNCT
ajfa-4132	205	5	23(3	23(3	NUM
ajfa-4132	205	6	)	)	PUNCT
ajfa-4132	205	7	,	,	PUNCT
ajfa-4132	205	8	747	747	NUM
ajfa-4132	205	9	-	-	SYM
ajfa-4132	205	10	760	760	NUM
ajfa-4132	205	11	.	.	PUNCT
ajfa-4132	206	1	http://dx.doi.org/10.1506/4vd9-ae3k-xv7l-xt07	http://dx.doi.org/10.1506/4vd9-ae3k-xv7l-xt07	ADJ
ajfa-4132	206	2	frankel	frankel	PROPN
ajfa-4132	206	3	,	,	PUNCT
ajfa-4132	206	4	r.	r.	PROPN
ajfa-4132	206	5	,	,	PUNCT
ajfa-4132	206	6	johnson	johnson	PROPN
ajfa-4132	206	7	,	,	PUNCT
ajfa-4132	206	8	m.	m.	NOUN
ajfa-4132	206	9	,	,	PUNCT
ajfa-4132	206	10	&	&	CCONJ
ajfa-4132	206	11	nelson	nelson	PROPN
ajfa-4132	206	12	,	,	PUNCT
ajfa-4132	206	13	k.	k.	PROPN
ajfa-4132	206	14	(	(	PUNCT
ajfa-4132	206	15	2002	2002	NUM
ajfa-4132	206	16	)	)	PUNCT
ajfa-4132	206	17	.	.	PUNCT
ajfa-4132	207	1	the	the	DET
ajfa-4132	207	2	relationship	relationship	NOUN
ajfa-4132	207	3	between	between	ADP
ajfa-4132	207	4	audit	audit	NOUN
ajfa-4132	207	5	fees	fee	NOUN
ajfa-4132	207	6	for	for	ADP
ajfa-4132	207	7	nonaudit	nonaudit	PROPN
ajfa-4132	207	8	services	service	NOUN
ajfa-4132	207	9	and	and	CCONJ
ajfa-4132	207	10	earnings	earning	NOUN
ajfa-4132	207	11	quality	quality	NOUN
ajfa-4132	207	12	.	.	PUNCT
ajfa-4132	208	1	the	the	DET
ajfa-4132	208	2	accounting	accounting	NOUN
ajfa-4132	208	3	review	review	NOUN
ajfa-4132	208	4	,	,	PUNCT
ajfa-4132	208	5	77(4	77(4	NUM
ajfa-4132	208	6	)	)	PUNCT
ajfa-4132	208	7	,	,	PUNCT
ajfa-4132	208	8	71	71	NUM
ajfa-4132	208	9	-	-	SYM
ajfa-4132	208	10	105	105	NUM
ajfa-4132	208	11	.	.	PUNCT
ajfa-4132	209	1	http://dx.doi.org/10.2308/accr.2002.77.s-1.71	http://dx.doi.org/10.2308/accr.2002.77.s-1.71	PROPN
ajfa-4132	209	2	asian	asian	ADJ
ajfa-4132	209	3	journal	journal	NOUN
ajfa-4132	209	4	of	of	ADP
ajfa-4132	209	5	finance	finance	PROPN
ajfa-4132	209	6	&	&	CCONJ
ajfa-4132	209	7	accounting	accounting	PROPN
ajfa-4132	209	8	issn	issn	PROPN
ajfa-4132	209	9	1946	1946	NUM
ajfa-4132	209	10	-	-	PUNCT
ajfa-4132	209	11	052x	052x	NOUN
ajfa-4132	209	12	2013	2013	NUM
ajfa-4132	209	13	,	,	PUNCT
ajfa-4132	209	14	vol	vol	NOUN
ajfa-4132	209	15	.	.	PROPN
ajfa-4132	209	16	5	5	NUM
ajfa-4132	209	17	,	,	PUNCT
ajfa-4132	209	18	no	no	INTJ
ajfa-4132	209	19	.	.	NOUN
ajfa-4132	209	20	2	2	NUM
ajfa-4132	209	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4132	209	22	255	255	NUM
ajfa-4132	209	23	grossman	grossman	NOUN
ajfa-4132	209	24	,	,	PUNCT
ajfa-4132	209	25	s.	s.	PROPN
ajfa-4132	209	26	j.	j.	PROPN
ajfa-4132	209	27	,	,	PUNCT
ajfa-4132	209	28	&	&	CCONJ
ajfa-4132	209	29	stiglitz	stiglitz	PROPN
ajfa-4132	209	30	,	,	PUNCT
ajfa-4132	209	31	j.	j.	PROPN
ajfa-4132	209	32	e.	e.	PROPN
ajfa-4132	209	33	(	(	PUNCT
ajfa-4132	209	34	1980	1980	NUM
ajfa-4132	209	35	)	)	PUNCT
ajfa-4132	209	36	.	.	PUNCT
ajfa-4132	210	1	on	on	ADP
ajfa-4132	210	2	the	the	DET
ajfa-4132	210	3	impossibility	impossibility	NOUN
ajfa-4132	210	4	of	of	ADP
ajfa-4132	210	5	informationally	informationally	ADV
ajfa-4132	210	6	efficient	efficient	ADJ
ajfa-4132	210	7	markets	market	NOUN
ajfa-4132	210	8	.	.	PUNCT
ajfa-4132	211	1	the	the	DET
ajfa-4132	211	2	american	american	PROPN
ajfa-4132	211	3	economic	economic	PROPN
ajfa-4132	211	4	review	review	PROPN
ajfa-4132	211	5	,	,	PUNCT
ajfa-4132	211	6	70(3	70(3	NOUN
ajfa-4132	211	7	)	)	PUNCT
ajfa-4132	211	8	,	,	PUNCT
ajfa-4132	211	9	393	393	NUM
ajfa-4132	211	10	-	-	SYM
ajfa-4132	211	11	408	408	NUM
ajfa-4132	211	12	.	.	PUNCT
ajfa-4132	212	1	jin	jin	PROPN
ajfa-4132	212	2	,	,	PUNCT
ajfa-4132	212	3	l.	l.	PROPN
ajfa-4132	212	4	,	,	PUNCT
ajfa-4132	212	5	&	&	CCONJ
ajfa-4132	212	6	myers	myers	PROPN
ajfa-4132	212	7	,	,	PUNCT
ajfa-4132	212	8	s.	s.	PROPN
ajfa-4132	212	9	c.	c.	PROPN
ajfa-4132	212	10	(	(	PUNCT
ajfa-4132	212	11	2006	2006	NUM
ajfa-4132	212	12	)	)	PUNCT
ajfa-4132	212	13	.	.	PUNCT
ajfa-4132	213	1	r^2	r^2	PROPN
ajfa-4132	213	2	around	around	ADP
ajfa-4132	213	3	the	the	DET
ajfa-4132	213	4	world	world	NOUN
ajfa-4132	213	5	:	:	PUNCT
ajfa-4132	213	6	new	new	ADJ
ajfa-4132	213	7	theory	theory	NOUN
ajfa-4132	213	8	and	and	CCONJ
ajfa-4132	213	9	new	new	ADJ
ajfa-4132	213	10	tests	test	NOUN
ajfa-4132	213	11	.	.	PUNCT
ajfa-4132	214	1	journal	journal	NOUN
ajfa-4132	214	2	of	of	ADP
ajfa-4132	214	3	financial	financial	ADJ
ajfa-4132	214	4	economics	economic	NOUN
ajfa-4132	214	5	,	,	PUNCT
ajfa-4132	214	6	79(2	79(2	NOUN
ajfa-4132	214	7	)	)	PUNCT
ajfa-4132	214	8	,	,	PUNCT
ajfa-4132	214	9	257	257	NUM
ajfa-4132	214	10	-	-	SYM
ajfa-4132	214	11	292	292	NUM
ajfa-4132	214	12	.	.	PUNCT
ajfa-4132	215	1	http://dx.doi.org/10.1016/j.jfineco.2004.11.003	http://dx.doi.org/10.1016/j.jfineco.2004.11.003	PROPN
ajfa-4132	215	2	kim	kim	PROPN
ajfa-4132	215	3	,	,	PUNCT
ajfa-4132	215	4	o.	o.	PROPN
ajfa-4132	215	5	,	,	PUNCT
ajfa-4132	215	6	&	&	CCONJ
ajfa-4132	215	7	verrecchia	verrecchia	PROPN
ajfa-4132	215	8	,	,	PUNCT
ajfa-4132	215	9	r.	r.	PROPN
ajfa-4132	215	10	e.	e.	PROPN
ajfa-4132	215	11	(	(	PUNCT
ajfa-4132	215	12	1994	1994	NUM
ajfa-4132	215	13	)	)	PUNCT
ajfa-4132	215	14	.	.	PUNCT
ajfa-4132	216	1	market	market	NOUN
ajfa-4132	216	2	liquidity	liquidity	NOUN
ajfa-4132	216	3	and	and	CCONJ
ajfa-4132	216	4	volume	volume	NOUN
ajfa-4132	216	5	around	around	ADP
ajfa-4132	216	6	earnings	earning	NOUN
ajfa-4132	216	7	announcements	announcement	NOUN
ajfa-4132	216	8	.	.	PUNCT
ajfa-4132	217	1	journal	journal	NOUN
ajfa-4132	217	2	of	of	ADP
ajfa-4132	217	3	accounting	accounting	NOUN
ajfa-4132	217	4	and	and	CCONJ
ajfa-4132	217	5	economics	economic	NOUN
ajfa-4132	217	6	,	,	PUNCT
ajfa-4132	217	7	17(1	17(1	NUM
ajfa-4132	217	8	)	)	PUNCT
ajfa-4132	217	9	,	,	PUNCT
ajfa-4132	217	10	41	41	NUM
ajfa-4132	217	11	-	-	SYM
ajfa-4132	217	12	67	67	NUM
ajfa-4132	217	13	.	.	PUNCT
ajfa-4132	218	1	http://dx.doi.org/10.1016/0165-4101(94)90004-3	http://dx.doi.org/10.1016/0165-4101(94)90004-3	PROPN
ajfa-4132	218	2	krishnan	krishnan	PROPN
ajfa-4132	218	3	,	,	PUNCT
ajfa-4132	218	4	j.	j.	PROPN
ajfa-4132	218	5	,	,	PUNCT
ajfa-4132	218	6	sami	sami	PROPN
ajfa-4132	218	7	,	,	PUNCT
ajfa-4132	218	8	h.	h.	PROPN
ajfa-4132	218	9	,	,	PUNCT
ajfa-4132	218	10	&	&	CCONJ
ajfa-4132	218	11	zhang	zhang	PROPN
ajfa-4132	218	12	,	,	PUNCT
ajfa-4132	218	13	y.	y.	PROPN
ajfa-4132	218	14	(	(	PUNCT
ajfa-4132	218	15	2005	2005	NUM
ajfa-4132	218	16	)	)	PUNCT
ajfa-4132	218	17	.	.	PUNCT
ajfa-4132	219	1	does	do	AUX
ajfa-4132	219	2	the	the	DET
ajfa-4132	219	3	provision	provision	NOUN
ajfa-4132	219	4	of	of	ADP
ajfa-4132	219	5	nonaudit	nonaudit	PROPN
ajfa-4132	219	6	services	service	NOUN
ajfa-4132	219	7	affect	affect	VERB
ajfa-4132	219	8	investor	investor	NOUN
ajfa-4132	219	9	perceptions	perception	NOUN
ajfa-4132	219	10	of	of	ADP
ajfa-4132	219	11	auditor	auditor	NOUN
ajfa-4132	219	12	independence	independence	NOUN
ajfa-4132	219	13	?	?	PUNCT
ajfa-4132	220	1	auditing	auditing	NOUN
ajfa-4132	220	2	:	:	PUNCT
ajfa-4132	220	3	a	a	DET
ajfa-4132	220	4	journal	journal	NOUN
ajfa-4132	220	5	of	of	ADP
ajfa-4132	220	6	practice	practice	NOUN
ajfa-4132	220	7	&	&	CCONJ
ajfa-4132	220	8	theory	theory	NOUN
ajfa-4132	220	9	,	,	PUNCT
ajfa-4132	220	10	24(2	24(2	NUM
ajfa-4132	220	11	)	)	PUNCT
ajfa-4132	220	12	,	,	PUNCT
ajfa-4132	220	13	111	111	NUM
ajfa-4132	220	14	-	-	SYM
ajfa-4132	220	15	135	135	NUM
ajfa-4132	220	16	.	.	PUNCT
ajfa-4132	221	1	morck	morck	PROPN
ajfa-4132	221	2	,	,	PUNCT
ajfa-4132	221	3	r.	r.	PROPN
ajfa-4132	221	4	,	,	PUNCT
ajfa-4132	221	5	yeung	yeung	PROPN
ajfa-4132	221	6	,	,	PUNCT
ajfa-4132	221	7	b.	b.	PROPN
ajfa-4132	221	8	,	,	PUNCT
ajfa-4132	221	9	&	&	CCONJ
ajfa-4132	221	10	yu	yu	PROPN
ajfa-4132	221	11	,	,	PUNCT
ajfa-4132	221	12	w.	w.	PROPN
ajfa-4132	221	13	(	(	PUNCT
ajfa-4132	221	14	2000	2000	NUM
ajfa-4132	221	15	)	)	PUNCT
ajfa-4132	221	16	.	.	PUNCT
ajfa-4132	222	1	the	the	DET
ajfa-4132	222	2	information	information	NOUN
ajfa-4132	222	3	content	content	NOUN
ajfa-4132	222	4	of	of	ADP
ajfa-4132	222	5	stock	stock	NOUN
ajfa-4132	222	6	markets	market	NOUN
ajfa-4132	222	7	:	:	PUNCT
ajfa-4132	222	8	why	why	SCONJ
ajfa-4132	222	9	do	do	AUX
ajfa-4132	222	10	emerging	emerge	VERB
ajfa-4132	222	11	markets	market	NOUN
ajfa-4132	222	12	have	have	VERB
ajfa-4132	222	13	synchronous	synchronous	ADJ
ajfa-4132	222	14	stock	stock	NOUN
ajfa-4132	222	15	price	price	NOUN
ajfa-4132	222	16	movements	movement	NOUN
ajfa-4132	222	17	?	?	PUNCT
ajfa-4132	223	1	journal	journal	NOUN
ajfa-4132	223	2	of	of	ADP
ajfa-4132	223	3	financial	financial	ADJ
ajfa-4132	223	4	economics	economic	NOUN
ajfa-4132	223	5	,	,	PUNCT
ajfa-4132	223	6	58(1	58(1	NUM
ajfa-4132	223	7	)	)	PUNCT
ajfa-4132	223	8	,	,	PUNCT
ajfa-4132	223	9	215	215	NUM
ajfa-4132	223	10	-	-	SYM
ajfa-4132	223	11	260	260	NUM
ajfa-4132	223	12	.	.	PUNCT
ajfa-4132	224	1	http://dx.doi.org/10.1016/s0304-405x(00)00071-4	http://dx.doi.org/10.1016/s0304-405x(00)00071-4	NOUN
ajfa-4132	224	2	palmrose	palmrose	ADJ
ajfa-4132	224	3	,	,	PUNCT
ajfa-4132	224	4	z.-v	z.-v	PROPN
ajfa-4132	224	5	.	.	PUNCT
ajfa-4132	225	1	(	(	PUNCT
ajfa-4132	225	2	1986	1986	NUM
ajfa-4132	225	3	)	)	PUNCT
ajfa-4132	225	4	.	.	PUNCT
ajfa-4132	226	1	the	the	DET
ajfa-4132	226	2	effect	effect	NOUN
ajfa-4132	226	3	of	of	ADP
ajfa-4132	226	4	nonaudit	nonaudit	PROPN
ajfa-4132	226	5	services	service	NOUN
ajfa-4132	226	6	on	on	ADP
ajfa-4132	226	7	the	the	DET
ajfa-4132	226	8	pricing	pricing	NOUN
ajfa-4132	226	9	of	of	ADP
ajfa-4132	226	10	audit	audit	NOUN
ajfa-4132	226	11	services	service	NOUN
ajfa-4132	226	12	:	:	PUNCT
ajfa-4132	226	13	further	further	ADJ
ajfa-4132	226	14	evidence	evidence	NOUN
ajfa-4132	226	15	.	.	PUNCT
ajfa-4132	227	1	journal	journal	NOUN
ajfa-4132	227	2	of	of	ADP
ajfa-4132	227	3	accounting	accounting	NOUN
ajfa-4132	227	4	research	research	NOUN
ajfa-4132	227	5	,	,	PUNCT
ajfa-4132	227	6	24(2	24(2	NUM
ajfa-4132	227	7	)	)	PUNCT
ajfa-4132	227	8	,	,	PUNCT
ajfa-4132	227	9	405	405	NUM
ajfa-4132	227	10	-	-	SYM
ajfa-4132	227	11	411	411	NUM
ajfa-4132	227	12	.	.	PUNCT
ajfa-4132	228	1	http://dx.doi.org/10.2307/2491144	http://dx.doi.org/10.2307/2491144	PROPN
ajfa-4132	228	2	piotroski	piotroski	PROPN
ajfa-4132	228	3	,	,	PUNCT
ajfa-4132	228	4	j.	j.	PROPN
ajfa-4132	228	5	d.	d.	PROPN
ajfa-4132	228	6	,	,	PUNCT
ajfa-4132	228	7	&	&	CCONJ
ajfa-4132	228	8	roulstone	roulstone	PROPN
ajfa-4132	228	9	,	,	PUNCT
ajfa-4132	228	10	d.	d.	PROPN
ajfa-4132	228	11	t.	t.	PROPN
ajfa-4132	228	12	(	(	PUNCT
ajfa-4132	228	13	2004	2004	NUM
ajfa-4132	228	14	)	)	PUNCT
ajfa-4132	228	15	.	.	PUNCT
ajfa-4132	229	1	the	the	DET
ajfa-4132	229	2	influence	influence	NOUN
ajfa-4132	229	3	of	of	ADP
ajfa-4132	229	4	analysts	analyst	NOUN
ajfa-4132	229	5	,	,	PUNCT
ajfa-4132	229	6	institutional	institutional	ADJ
ajfa-4132	229	7	investors	investor	NOUN
ajfa-4132	229	8	,	,	PUNCT
ajfa-4132	229	9	and	and	CCONJ
ajfa-4132	229	10	insiders	insider	NOUN
ajfa-4132	229	11	on	on	ADP
ajfa-4132	229	12	the	the	DET
ajfa-4132	229	13	incorporation	incorporation	NOUN
ajfa-4132	229	14	of	of	ADP
ajfa-4132	229	15	market	market	NOUN
ajfa-4132	229	16	,	,	PUNCT
ajfa-4132	229	17	industry	industry	NOUN
ajfa-4132	229	18	,	,	PUNCT
ajfa-4132	229	19	and	and	CCONJ
ajfa-4132	229	20	firm	firm	ADJ
ajfa-4132	229	21	-	-	PUNCT
ajfa-4132	229	22	specific	specific	ADJ
ajfa-4132	229	23	information	information	NOUN
ajfa-4132	229	24	into	into	ADP
ajfa-4132	229	25	stock	stock	NOUN
ajfa-4132	229	26	prices	price	NOUN
ajfa-4132	229	27	.	.	PUNCT
ajfa-4132	230	1	the	the	DET
ajfa-4132	230	2	accounting	accounting	NOUN
ajfa-4132	230	3	review	review	NOUN
ajfa-4132	230	4	,	,	PUNCT
ajfa-4132	230	5	79(4	79(4	NOUN
ajfa-4132	230	6	)	)	PUNCT
ajfa-4132	230	7	,	,	PUNCT
ajfa-4132	230	8	1119	1119	NUM
ajfa-4132	230	9	-	-	SYM
ajfa-4132	230	10	1151	1151	NUM
ajfa-4132	230	11	.	.	PUNCT
ajfa-4132	231	1	http://dx.doi.org/10.2308/accr.2004.79.4.1119	http://dx.doi.org/10.2308/accr.2004.79.4.1119	X
ajfa-4132	231	2	simunic	simunic	PROPN
ajfa-4132	231	3	,	,	PUNCT
ajfa-4132	231	4	d.	d.	PROPN
ajfa-4132	231	5	a.	a.	PROPN
ajfa-4132	231	6	(	(	PUNCT
ajfa-4132	231	7	1980	1980	NUM
ajfa-4132	231	8	)	)	PUNCT
ajfa-4132	231	9	.	.	PUNCT
ajfa-4132	232	1	the	the	DET
ajfa-4132	232	2	pricing	pricing	NOUN
ajfa-4132	232	3	of	of	ADP
ajfa-4132	232	4	audit	audit	NOUN
ajfa-4132	232	5	services	service	NOUN
ajfa-4132	232	6	:	:	PUNCT
ajfa-4132	232	7	theory	theory	NOUN
ajfa-4132	232	8	and	and	CCONJ
ajfa-4132	232	9	evidence	evidence	NOUN
ajfa-4132	232	10	.	.	PUNCT
ajfa-4132	233	1	journal	journal	NOUN
ajfa-4132	233	2	of	of	ADP
ajfa-4132	233	3	accounting	accounting	NOUN
ajfa-4132	233	4	research	research	NOUN
ajfa-4132	233	5	,	,	PUNCT
ajfa-4132	233	6	18(1	18(1	NUM
ajfa-4132	233	7	)	)	PUNCT
ajfa-4132	233	8	,	,	PUNCT
ajfa-4132	233	9	161	161	NUM
ajfa-4132	233	10	-	-	SYM
ajfa-4132	233	11	190	190	NUM
ajfa-4132	233	12	.	.	PUNCT
ajfa-4132	234	1	http://dx.doi.org/10.2307/2490397	http://dx.doi.org/10.2307/2490397	PROPN
ajfa-4132	234	2	srinidhi	srinidhi	PROPN
ajfa-4132	234	3	,	,	PUNCT
ajfa-4132	234	4	b.	b.	PROPN
ajfa-4132	234	5	,	,	PUNCT
ajfa-4132	234	6	&	&	CCONJ
ajfa-4132	234	7	gul	gul	PROPN
ajfa-4132	234	8	,	,	PUNCT
ajfa-4132	234	9	f.	f.	PROPN
ajfa-4132	234	10	a.	a.	PROPN
ajfa-4132	234	11	(	(	PUNCT
ajfa-4132	234	12	2007	2007	NUM
ajfa-4132	234	13	)	)	PUNCT
ajfa-4132	234	14	.	.	PUNCT
ajfa-4132	235	1	the	the	DET
ajfa-4132	235	2	differential	differential	ADJ
ajfa-4132	235	3	effects	effect	NOUN
ajfa-4132	235	4	of	of	ADP
ajfa-4132	235	5	auditors	auditor	NOUN
ajfa-4132	235	6	'	'	PART
ajfa-4132	235	7	non	non	ADJ
ajfa-4132	235	8	-	-	ADJ
ajfa-4132	235	9	audit	audit	NOUN
ajfa-4132	235	10	and	and	CCONJ
ajfa-4132	235	11	audit	audit	NOUN
ajfa-4132	235	12	fees	fee	NOUN
ajfa-4132	235	13	on	on	ADP
ajfa-4132	235	14	accrual	accrual	ADJ
ajfa-4132	235	15	quality	quality	NOUN
ajfa-4132	235	16	.	.	PUNCT
ajfa-4132	236	1	contemporary	contemporary	ADJ
ajfa-4132	236	2	accounting	accounting	NOUN
ajfa-4132	236	3	research	research	NOUN
ajfa-4132	236	4	,	,	PUNCT
ajfa-4132	236	5	24(2	24(2	NUM
ajfa-4132	236	6	)	)	PUNCT
ajfa-4132	236	7	,	,	PUNCT
ajfa-4132	236	8	595	595	NUM
ajfa-4132	236	9	-	-	SYM
ajfa-4132	236	10	629	629	NUM
ajfa-4132	236	11	.	.	PUNCT
ajfa-4132	237	1	http://dx.doi.org/10.1506/arj4-20p3-201k-3752	http://dx.doi.org/10.1506/arj4-20p3-201k-3752	PROPN
ajfa-4132	237	2	wang	wang	PROPN
ajfa-4132	237	3	,	,	PUNCT
ajfa-4132	237	4	x.	x.	NOUN
ajfa-4132	237	5	(	(	PUNCT
ajfa-4132	237	6	2009	2009	NUM
ajfa-4132	237	7	)	)	PUNCT
ajfa-4132	237	8	.	.	PUNCT
ajfa-4132	238	1	do	do	VERB
ajfa-4132	238	2	abnormal	abnormal	ADJ
ajfa-4132	238	3	audit	audit	NOUN
ajfa-4132	238	4	fees	fee	NOUN
ajfa-4132	238	5	/	/	SYM
ajfa-4132	238	6	non	non	ADJ
ajfa-4132	238	7	-	-	ADJ
ajfa-4132	238	8	audit	audit	ADJ
ajfa-4132	238	9	fees	fee	NOUN
ajfa-4132	238	10	communicate	communicate	VERB
ajfa-4132	238	11	firm	firm	ADJ
ajfa-4132	238	12	specific	specific	ADJ
ajfa-4132	238	13	information	information	NOUN
ajfa-4132	238	14	to	to	ADP
ajfa-4132	238	15	the	the	DET
ajfa-4132	238	16	stock	stock	NOUN
ajfa-4132	238	17	market	market	NOUN
ajfa-4132	238	18	?	?	PUNCT
ajfa-4132	239	1	(	(	PUNCT
ajfa-4132	239	2	phd	phd	NOUN
ajfa-4132	239	3	thesis	thesis	NOUN
ajfa-4132	239	4	)	)	PUNCT
ajfa-4132	239	5	,	,	PUNCT
ajfa-4132	239	6	school	school	NOUN
ajfa-4132	239	7	of	of	ADP
ajfa-4132	239	8	accounting	accounting	NOUN
ajfa-4132	239	9	and	and	CCONJ
ajfa-4132	239	10	finance	finance	NOUN
ajfa-4132	239	11	,	,	PUNCT
ajfa-4132	239	12	the	the	DET
ajfa-4132	239	13	hong	hong	PROPN
ajfa-4132	239	14	kong	kong	PROPN
ajfa-4132	239	15	polytechnic	polytechnic	PROPN
ajfa-4132	239	16	university	university	NOUN
ajfa-4132	239	17	.	.	PUNCT