id	sid	tid	token	lemma	pos
ajfa-4336	1	1	microsoft	microsoft	PROPN
ajfa-4336	1	2	word	word	NOUN
ajfa-4336	1	3	4336-16027-1-sm-writer2-new.doc	4336-16027-1-sm-writer2-new.doc	NUM
ajfa-4336	1	4	asian	asian	ADJ
ajfa-4336	1	5	journal	journal	NOUN
ajfa-4336	1	6	of	of	ADP
ajfa-4336	1	7	finance	finance	PROPN
ajfa-4336	1	8	&	&	CCONJ
ajfa-4336	1	9	accounting	accounting	PROPN
ajfa-4336	1	10	issn	issn	PROPN
ajfa-4336	1	11	1946	1946	NUM
ajfa-4336	1	12	-	-	PUNCT
ajfa-4336	1	13	052x	052x	NOUN
ajfa-4336	1	14	2013	2013	NUM
ajfa-4336	1	15	,	,	PUNCT
ajfa-4336	1	16	vol	vol	NOUN
ajfa-4336	1	17	.	.	PROPN
ajfa-4336	1	18	5	5	NUM
ajfa-4336	1	19	,	,	PUNCT
ajfa-4336	1	20	no	no	INTJ
ajfa-4336	1	21	.	.	NOUN
ajfa-4336	1	22	2	2	NUM
ajfa-4336	1	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4336	1	24	139	139	NUM
ajfa-4336	1	25	the	the	DET
ajfa-4336	1	26	initial	initial	ADJ
ajfa-4336	1	27	going	go	VERB
ajfa-4336	1	28	-	-	PUNCT
ajfa-4336	1	29	concern	concern	NOUN
ajfa-4336	1	30	of	of	ADP
ajfa-4336	1	31	delisting	delist	VERB
ajfa-4336	1	32	firms	firm	NOUN
ajfa-4336	1	33	:	:	PUNCT
ajfa-4336	1	34	an	an	DET
ajfa-4336	1	35	application	application	NOUN
ajfa-4336	1	36	of	of	ADP
ajfa-4336	1	37	proportional	proportional	ADJ
ajfa-4336	1	38	hazard	hazard	NOUN
ajfa-4336	1	39	model	model	NOUN
ajfa-4336	1	40	chi	chi	PROPN
ajfa-4336	1	41	-	-	PUNCT
ajfa-4336	1	42	chen	chen	PROPN
ajfa-4336	1	43	wang	wang	PROPN
ajfa-4336	1	44	department	department	PROPN
ajfa-4336	1	45	of	of	ADP
ajfa-4336	1	46	financial	financial	ADJ
ajfa-4336	1	47	management	management	NOUN
ajfa-4336	1	48	,	,	PUNCT
ajfa-4336	1	49	national	national	PROPN
ajfa-4336	1	50	defense	defense	PROPN
ajfa-4336	1	51	university	university	PROPN
ajfa-4336	1	52	yueh	yueh	NOUN
ajfa-4336	1	53	-	-	PUNCT
ajfa-4336	1	54	ju	ju	NOUN
ajfa-4336	1	55	lin	lin	PROPN
ajfa-4336	1	56	department	department	PROPN
ajfa-4336	1	57	of	of	ADP
ajfa-4336	1	58	accounting	accounting	PROPN
ajfa-4336	1	59	,	,	PUNCT
ajfa-4336	1	60	kainan	kainan	PROPN
ajfa-4336	1	61	university	university	PROPN
ajfa-4336	1	62	yunsheng	yunsheng	PROPN
ajfa-4336	1	63	hsu	hsu	PROPN
ajfa-4336	1	64	(	(	PUNCT
ajfa-4336	1	65	corresponding	corresponding	ADJ
ajfa-4336	1	66	author	author	NOUN
ajfa-4336	1	67	)	)	PUNCT
ajfa-4336	1	68	department	department	NOUN
ajfa-4336	1	69	of	of	ADP
ajfa-4336	1	70	accounting	accounting	PROPN
ajfa-4336	1	71	,	,	PUNCT
ajfa-4336	1	72	national	national	ADJ
ajfa-4336	1	73	chung	chung	PROPN
ajfa-4336	1	74	-	-	PUNCT
ajfa-4336	1	75	hsing	hsing	PROPN
ajfa-4336	1	76	university	university	NOUN
ajfa-4336	1	77	received	receive	VERB
ajfa-4336	1	78	:	:	PUNCT
ajfa-4336	1	79	may	may	AUX
ajfa-4336	1	80	27	27	NUM
ajfa-4336	1	81	,	,	PUNCT
ajfa-4336	1	82	2013	2013	NUM
ajfa-4336	1	83	accepted	accept	VERB
ajfa-4336	1	84	:	:	PUNCT
ajfa-4336	1	85	october	october	PROPN
ajfa-4336	1	86	12	12	NUM
ajfa-4336	1	87	,	,	PUNCT
ajfa-4336	1	88	2013	2013	NUM
ajfa-4336	1	89	published	publish	VERB
ajfa-4336	1	90	:	:	PUNCT
ajfa-4336	1	91	december	december	PROPN
ajfa-4336	1	92	1	1	NUM
ajfa-4336	1	93	,	,	PUNCT
ajfa-4336	1	94	2013	2013	NUM
ajfa-4336	1	95	doi:10.5296	doi:10.5296	NOUN
ajfa-4336	1	96	/	/	SYM
ajfa-4336	1	97	ajfa.v5i2.4336	ajfa.v5i2.4336	NUM
ajfa-4336	1	98	url	url	PROPN
ajfa-4336	1	99	:	:	PUNCT
ajfa-4336	1	100	http://dx.doi.org/10.5296/ajfa.v5i2.4336	http://dx.doi.org/10.5296/ajfa.v5i2.4336	NOUN
ajfa-4336	1	101	abstract	abstract	ADJ
ajfa-4336	1	102	this	this	DET
ajfa-4336	1	103	paper	paper	NOUN
ajfa-4336	1	104	examines	examine	VERB
ajfa-4336	1	105	the	the	DET
ajfa-4336	1	106	survival	survival	NOUN
ajfa-4336	1	107	period	period	NOUN
ajfa-4336	1	108	and	and	CCONJ
ajfa-4336	1	109	the	the	DET
ajfa-4336	1	110	factors	factor	NOUN
ajfa-4336	1	111	of	of	ADP
ajfa-4336	1	112	business	business	NOUN
ajfa-4336	1	113	failure	failure	NOUN
ajfa-4336	1	114	of	of	ADP
ajfa-4336	1	115	firms	firm	NOUN
ajfa-4336	1	116	who	who	PRON
ajfa-4336	1	117	have	have	AUX
ajfa-4336	1	118	been	be	AUX
ajfa-4336	1	119	issued	issue	VERB
ajfa-4336	1	120	with	with	ADP
ajfa-4336	1	121	an	an	DET
ajfa-4336	1	122	initial	initial	ADJ
ajfa-4336	1	123	going	go	VERB
ajfa-4336	1	124	concern	concern	NOUN
ajfa-4336	1	125	opinion	opinion	NOUN
ajfa-4336	1	126	(	(	PUNCT
ajfa-4336	1	127	igco	igco	NOUN
ajfa-4336	1	128	)	)	PUNCT
ajfa-4336	1	129	by	by	ADP
ajfa-4336	1	130	auditors	auditor	NOUN
ajfa-4336	1	131	.	.	PUNCT
ajfa-4336	2	1	empirical	empirical	ADJ
ajfa-4336	2	2	results	result	NOUN
ajfa-4336	2	3	show	show	VERB
ajfa-4336	2	4	that	that	SCONJ
ajfa-4336	2	5	financial	financial	ADJ
ajfa-4336	2	6	variables	variable	NOUN
ajfa-4336	2	7	are	be	AUX
ajfa-4336	2	8	not	not	PART
ajfa-4336	2	9	significant	significant	ADJ
ajfa-4336	2	10	predictors	predictor	NOUN
ajfa-4336	2	11	for	for	ADP
ajfa-4336	2	12	future	future	ADJ
ajfa-4336	2	13	delisting	delisting	NOUN
ajfa-4336	2	14	crisis	crisis	NOUN
ajfa-4336	2	15	,	,	PUNCT
ajfa-4336	2	16	but	but	CCONJ
ajfa-4336	2	17	the	the	DET
ajfa-4336	2	18	corporate	corporate	ADJ
ajfa-4336	2	19	governance	governance	NOUN
ajfa-4336	2	20	variables	variable	NOUN
ajfa-4336	2	21	are	be	AUX
ajfa-4336	2	22	especially	especially	ADV
ajfa-4336	2	23	for	for	ADP
ajfa-4336	2	24	firms	firm	NOUN
ajfa-4336	2	25	under	under	ADP
ajfa-4336	2	26	deteriorating	deteriorate	VERB
ajfa-4336	2	27	financial	financial	ADJ
ajfa-4336	2	28	condition	condition	NOUN
ajfa-4336	2	29	.	.	PUNCT
ajfa-4336	3	1	important	important	ADJ
ajfa-4336	3	2	factors	factor	NOUN
ajfa-4336	3	3	causing	cause	VERB
ajfa-4336	3	4	the	the	DET
ajfa-4336	3	5	higher	high	ADJ
ajfa-4336	3	6	rate	rate	NOUN
ajfa-4336	3	7	of	of	ADP
ajfa-4336	3	8	delisting	delist	VERB
ajfa-4336	3	9	risk	risk	NOUN
ajfa-4336	3	10	include	include	VERB
ajfa-4336	3	11	shorter	short	ADJ
ajfa-4336	3	12	listing	listing	NOUN
ajfa-4336	3	13	years	year	NOUN
ajfa-4336	3	14	,	,	PUNCT
ajfa-4336	3	15	lower	low	ADJ
ajfa-4336	3	16	rate	rate	NOUN
ajfa-4336	3	17	of	of	ADP
ajfa-4336	3	18	retained	retain	VERB
ajfa-4336	3	19	earnings	earning	NOUN
ajfa-4336	3	20	to	to	ADP
ajfa-4336	3	21	total	total	ADJ
ajfa-4336	3	22	assets	asset	NOUN
ajfa-4336	3	23	,	,	PUNCT
ajfa-4336	3	24	lower	low	ADJ
ajfa-4336	3	25	rate	rate	NOUN
ajfa-4336	3	26	of	of	ADP
ajfa-4336	3	27	market	market	NOUN
ajfa-4336	3	28	value	value	NOUN
ajfa-4336	3	29	of	of	ADP
ajfa-4336	3	30	equity	equity	NOUN
ajfa-4336	3	31	to	to	ADP
ajfa-4336	3	32	total	total	ADJ
ajfa-4336	3	33	debts	debt	NOUN
ajfa-4336	3	34	,	,	PUNCT
ajfa-4336	3	35	and	and	CCONJ
ajfa-4336	3	36	higher	high	ADJ
ajfa-4336	3	37	rate	rate	NOUN
ajfa-4336	3	38	of	of	ADP
ajfa-4336	3	39	pledged	pledge	VERB
ajfa-4336	3	40	shares	share	NOUN
ajfa-4336	3	41	of	of	ADP
ajfa-4336	3	42	directors	director	NOUN
ajfa-4336	3	43	’	'	PUNCT
ajfa-4336	3	44	and	and	CCONJ
ajfa-4336	3	45	supervisors	supervisor	NOUN
ajfa-4336	3	46	’	'	PUNCT
ajfa-4336	3	47	within	within	ADP
ajfa-4336	3	48	7.5	7.5	NUM
ajfa-4336	3	49	quarters	quarter	NOUN
ajfa-4336	3	50	after	after	SCONJ
ajfa-4336	3	51	the	the	DET
ajfa-4336	3	52	igco	igco	NOUN
ajfa-4336	3	53	issued	issue	VERB
ajfa-4336	3	54	,	,	PUNCT
ajfa-4336	3	55	the	the	DET
ajfa-4336	3	56	number	number	NOUN
ajfa-4336	3	57	of	of	ADP
ajfa-4336	3	58	delisting	delist	VERB
ajfa-4336	3	59	firms	firm	NOUN
ajfa-4336	3	60	reaches	reach	VERB
ajfa-4336	3	61	its	its	PRON
ajfa-4336	3	62	peak	peak	NOUN
ajfa-4336	3	63	,	,	PUNCT
ajfa-4336	3	64	consistent	consistent	ADJ
ajfa-4336	3	65	with	with	ADP
ajfa-4336	3	66	the	the	DET
ajfa-4336	3	67	existence	existence	NOUN
ajfa-4336	3	68	of	of	ADP
ajfa-4336	3	69	self	self	NOUN
ajfa-4336	3	70	-	-	PUNCT
ajfa-4336	3	71	fulfilling	fulfil	VERB
ajfa-4336	3	72	prophecy	prophecy	NOUN
ajfa-4336	3	73	.	.	PUNCT
ajfa-4336	4	1	the	the	DET
ajfa-4336	4	2	hazard	hazard	NOUN
ajfa-4336	4	3	delisting	delist	VERB
ajfa-4336	4	4	function	function	NOUN
ajfa-4336	4	5	first	first	ADV
ajfa-4336	4	6	rises	rise	VERB
ajfa-4336	4	7	to	to	ADP
ajfa-4336	4	8	a	a	DET
ajfa-4336	4	9	peak	peak	NOUN
ajfa-4336	4	10	at	at	ADP
ajfa-4336	4	11	the	the	DET
ajfa-4336	4	12	38th	38th	ADJ
ajfa-4336	4	13	quarter	quarter	NOUN
ajfa-4336	4	14	and	and	CCONJ
ajfa-4336	4	15	then	then	ADV
ajfa-4336	4	16	declines	decline	VERB
ajfa-4336	4	17	rapidly	rapidly	ADV
ajfa-4336	4	18	,	,	PUNCT
ajfa-4336	4	19	showing	show	VERB
ajfa-4336	4	20	that	that	SCONJ
ajfa-4336	4	21	after	after	ADP
ajfa-4336	4	22	the	the	DET
ajfa-4336	4	23	disclosure	disclosure	NOUN
ajfa-4336	4	24	of	of	ADP
ajfa-4336	4	25	igco	igco	NOUN
ajfa-4336	4	26	,	,	PUNCT
ajfa-4336	4	27	first	first	ADV
ajfa-4336	4	28	nine	nine	NUM
ajfa-4336	4	29	years	year	NOUN
ajfa-4336	4	30	is	be	AUX
ajfa-4336	4	31	the	the	DET
ajfa-4336	4	32	delisting	delisting	NOUN
ajfa-4336	4	33	crisis	crisis	NOUN
ajfa-4336	4	34	period	period	NOUN
ajfa-4336	4	35	for	for	ADP
ajfa-4336	4	36	taiwan	taiwan	PROPN
ajfa-4336	4	37	public	public	ADJ
ajfa-4336	4	38	firms	firm	NOUN
ajfa-4336	4	39	.	.	PUNCT
ajfa-4336	5	1	keywords	keyword	NOUN
ajfa-4336	5	2	:	:	PUNCT
ajfa-4336	5	3	going	go	VERB
ajfa-4336	5	4	concern	concern	NOUN
ajfa-4336	5	5	,	,	PUNCT
ajfa-4336	5	6	business	business	NOUN
ajfa-4336	5	7	failure	failure	NOUN
ajfa-4336	5	8	,	,	PUNCT
ajfa-4336	5	9	proportional	proportional	ADJ
ajfa-4336	5	10	hazard	hazard	NOUN
ajfa-4336	5	11	model	model	NOUN
ajfa-4336	5	12	,	,	PUNCT
ajfa-4336	5	13	survival	survival	NOUN
ajfa-4336	5	14	analysis	analysis	NOUN
ajfa-4336	5	15	,	,	PUNCT
ajfa-4336	5	16	self	self	NOUN
ajfa-4336	5	17	-	-	PUNCT
ajfa-4336	5	18	fulfilling	fulfil	VERB
ajfa-4336	5	19	prophecy	prophecy	NOUN
ajfa-4336	5	20	asian	asian	ADJ
ajfa-4336	5	21	journal	journal	PROPN
ajfa-4336	5	22	of	of	ADP
ajfa-4336	5	23	finance	finance	PROPN
ajfa-4336	5	24	&	&	CCONJ
ajfa-4336	5	25	accounting	accounting	PROPN
ajfa-4336	5	26	issn	issn	PROPN
ajfa-4336	5	27	1946	1946	NUM
ajfa-4336	5	28	-	-	PUNCT
ajfa-4336	5	29	052x	052x	NOUN
ajfa-4336	5	30	2013	2013	NUM
ajfa-4336	5	31	,	,	PUNCT
ajfa-4336	5	32	vol	vol	NOUN
ajfa-4336	5	33	.	.	PROPN
ajfa-4336	5	34	5	5	NUM
ajfa-4336	5	35	,	,	PUNCT
ajfa-4336	5	36	no	no	INTJ
ajfa-4336	5	37	.	.	NOUN
ajfa-4336	5	38	2	2	NUM
ajfa-4336	5	39	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4336	5	40	140	140	NUM
ajfa-4336	5	41	1	1	NUM
ajfa-4336	5	42	.	.	PUNCT
ajfa-4336	6	1	introduction	introduction	NOUN
ajfa-4336	6	2	most	most	ADJ
ajfa-4336	6	3	financial	financial	ADJ
ajfa-4336	6	4	statements	statement	NOUN
ajfa-4336	6	5	users	user	NOUN
ajfa-4336	6	6	apply	apply	VERB
ajfa-4336	6	7	audit	audit	NOUN
ajfa-4336	6	8	opinions	opinion	NOUN
ajfa-4336	6	9	as	as	ADP
ajfa-4336	6	10	an	an	DET
ajfa-4336	6	11	operational	operational	ADJ
ajfa-4336	6	12	health	health	NOUN
ajfa-4336	6	13	checkup	checkup	NOUN
ajfa-4336	6	14	point	point	NOUN
ajfa-4336	6	15	to	to	PART
ajfa-4336	6	16	evaluate	evaluate	VERB
ajfa-4336	6	17	if	if	SCONJ
ajfa-4336	6	18	the	the	DET
ajfa-4336	6	19	firm	firm	NOUN
ajfa-4336	6	20	could	could	AUX
ajfa-4336	6	21	operate	operate	VERB
ajfa-4336	6	22	normally	normally	ADV
ajfa-4336	6	23	or	or	CCONJ
ajfa-4336	6	24	would	would	AUX
ajfa-4336	6	25	fail	fail	VERB
ajfa-4336	6	26	in	in	ADP
ajfa-4336	6	27	the	the	DET
ajfa-4336	6	28	future	future	NOUN
ajfa-4336	6	29	(	(	PUNCT
ajfa-4336	6	30	casterlla	casterlla	PROPN
ajfa-4336	6	31	et	et	PROPN
ajfa-4336	6	32	al	al	PROPN
ajfa-4336	6	33	.	.	PROPN
ajfa-4336	6	34	,	,	PUNCT
ajfa-4336	6	35	2002	2002	NUM
ajfa-4336	6	36	)	)	PUNCT
ajfa-4336	6	37	.	.	PUNCT
ajfa-4336	7	1	therefore	therefore	ADV
ajfa-4336	7	2	,	,	PUNCT
ajfa-4336	7	3	when	when	SCONJ
ajfa-4336	7	4	firms	firm	NOUN
ajfa-4336	7	5	are	be	AUX
ajfa-4336	7	6	issued	issue	VERB
ajfa-4336	7	7	with	with	ADP
ajfa-4336	7	8	an	an	DET
ajfa-4336	7	9	initial	initial	ADJ
ajfa-4336	7	10	going	go	VERB
ajfa-4336	7	11	-	-	PUNCT
ajfa-4336	7	12	concern	concern	NOUN
ajfa-4336	7	13	modified	modify	VERB
ajfa-4336	7	14	opinion	opinion	NOUN
ajfa-4336	7	15	by	by	ADP
ajfa-4336	7	16	auditors	auditor	NOUN
ajfa-4336	7	17	,	,	PUNCT
ajfa-4336	7	18	related	related	ADJ
ajfa-4336	7	19	parties	party	NOUN
ajfa-4336	7	20	may	may	AUX
ajfa-4336	7	21	have	have	VERB
ajfa-4336	7	22	various	various	ADJ
ajfa-4336	7	23	concerns	concern	NOUN
ajfa-4336	7	24	about	about	ADP
ajfa-4336	7	25	the	the	DET
ajfa-4336	7	26	igco	igco	NOUN
ajfa-4336	7	27	firms	firm	NOUN
ajfa-4336	7	28	.	.	PUNCT
ajfa-4336	8	1	financial	financial	ADJ
ajfa-4336	8	2	statements	statement	NOUN
ajfa-4336	8	3	users	user	NOUN
ajfa-4336	8	4	need	need	VERB
ajfa-4336	8	5	to	to	PART
ajfa-4336	8	6	evaluate	evaluate	VERB
ajfa-4336	8	7	the	the	DET
ajfa-4336	8	8	length	length	NOUN
ajfa-4336	8	9	of	of	ADP
ajfa-4336	8	10	future	future	ADJ
ajfa-4336	8	11	survival	survival	NOUN
ajfa-4336	8	12	period	period	NOUN
ajfa-4336	8	13	in	in	ADP
ajfa-4336	8	14	the	the	DET
ajfa-4336	8	15	listing	listing	NOUN
ajfa-4336	8	16	market	market	NOUN
ajfa-4336	8	17	for	for	ADP
ajfa-4336	8	18	the	the	DET
ajfa-4336	8	19	igco	igco	NOUN
ajfa-4336	8	20	firms	firm	NOUN
ajfa-4336	8	21	.	.	PUNCT
ajfa-4336	9	1	shareholders	shareholder	NOUN
ajfa-4336	9	2	need	need	VERB
ajfa-4336	9	3	to	to	PART
ajfa-4336	9	4	make	make	VERB
ajfa-4336	9	5	selling	selling	NOUN
ajfa-4336	9	6	decisions	decision	NOUN
ajfa-4336	9	7	at	at	ADP
ajfa-4336	9	8	an	an	DET
ajfa-4336	9	9	appropriate	appropriate	ADJ
ajfa-4336	9	10	timing	timing	NOUN
ajfa-4336	9	11	to	to	PART
ajfa-4336	9	12	avoid	avoid	VERB
ajfa-4336	9	13	more	more	ADJ
ajfa-4336	9	14	losses	loss	NOUN
ajfa-4336	9	15	.	.	PUNCT
ajfa-4336	10	1	creditors	creditor	NOUN
ajfa-4336	10	2	need	need	VERB
ajfa-4336	10	3	to	to	PART
ajfa-4336	10	4	evaluate	evaluate	VERB
ajfa-4336	10	5	whether	whether	SCONJ
ajfa-4336	10	6	to	to	PART
ajfa-4336	10	7	demand	demand	VERB
ajfa-4336	10	8	for	for	ADP
ajfa-4336	10	9	a	a	DET
ajfa-4336	10	10	debt	debt	NOUN
ajfa-4336	10	11	repayment	repayment	NOUN
ajfa-4336	10	12	.	.	PUNCT
ajfa-4336	11	1	particularly	particularly	ADV
ajfa-4336	11	2	when	when	SCONJ
ajfa-4336	11	3	a	a	DET
ajfa-4336	11	4	higher	high	ADJ
ajfa-4336	11	5	credit	credit	NOUN
ajfa-4336	11	6	risk	risk	NOUN
ajfa-4336	11	7	is	be	AUX
ajfa-4336	11	8	associated	associate	VERB
ajfa-4336	11	9	with	with	ADP
ajfa-4336	11	10	borrowers	borrower	NOUN
ajfa-4336	11	11	,	,	PUNCT
ajfa-4336	11	12	banks	bank	NOUN
ajfa-4336	11	13	will	will	AUX
ajfa-4336	11	14	consider	consider	VERB
ajfa-4336	11	15	the	the	DET
ajfa-4336	11	16	acceptance	acceptance	NOUN
ajfa-4336	11	17	of	of	ADP
ajfa-4336	11	18	future	future	ADJ
ajfa-4336	11	19	financing	financing	NOUN
ajfa-4336	11	20	requests	request	NOUN
ajfa-4336	11	21	or	or	CCONJ
ajfa-4336	11	22	simply	simply	ADV
ajfa-4336	11	23	demand	demand	VERB
ajfa-4336	11	24	for	for	ADP
ajfa-4336	11	25	debt	debt	NOUN
ajfa-4336	11	26	repayments	repayment	NOUN
ajfa-4336	11	27	.	.	PUNCT
ajfa-4336	12	1	government	government	NOUN
ajfa-4336	12	2	agencies	agency	NOUN
ajfa-4336	12	3	also	also	ADV
ajfa-4336	12	4	need	need	VERB
ajfa-4336	12	5	to	to	PART
ajfa-4336	12	6	determine	determine	VERB
ajfa-4336	12	7	appropriate	appropriate	ADJ
ajfa-4336	12	8	interventions	intervention	NOUN
ajfa-4336	12	9	to	to	PART
ajfa-4336	12	10	maintain	maintain	VERB
ajfa-4336	12	11	financial	financial	ADJ
ajfa-4336	12	12	orders	order	NOUN
ajfa-4336	12	13	.	.	PUNCT
ajfa-4336	13	1	therefore	therefore	ADV
ajfa-4336	13	2	,	,	PUNCT
ajfa-4336	13	3	further	further	ADJ
ajfa-4336	13	4	studies	study	NOUN
ajfa-4336	13	5	about	about	ADP
ajfa-4336	13	6	the	the	DET
ajfa-4336	13	7	survival	survival	NOUN
ajfa-4336	13	8	crisis	crisis	NOUN
ajfa-4336	13	9	for	for	ADP
ajfa-4336	13	10	the	the	DET
ajfa-4336	13	11	igco	igco	NOUN
ajfa-4336	13	12	firms	firm	NOUN
ajfa-4336	13	13	are	be	AUX
ajfa-4336	13	14	essentially	essentially	ADV
ajfa-4336	13	15	useful	useful	ADJ
ajfa-4336	13	16	to	to	ADP
ajfa-4336	13	17	the	the	DET
ajfa-4336	13	18	related	related	ADJ
ajfa-4336	13	19	parties	party	NOUN
ajfa-4336	13	20	of	of	ADP
ajfa-4336	13	21	delisting	delist	VERB
ajfa-4336	13	22	firms	firm	NOUN
ajfa-4336	13	23	.	.	PUNCT
ajfa-4336	14	1	when	when	SCONJ
ajfa-4336	14	2	firms	firm	NOUN
ajfa-4336	14	3	are	be	AUX
ajfa-4336	14	4	issued	issue	VERB
ajfa-4336	14	5	with	with	ADP
ajfa-4336	14	6	igco	igco	NOUN
ajfa-4336	14	7	,	,	PUNCT
ajfa-4336	14	8	the	the	DET
ajfa-4336	14	9	firms	firm	NOUN
ajfa-4336	14	10	have	have	VERB
ajfa-4336	14	11	a	a	DET
ajfa-4336	14	12	higher	high	ADJ
ajfa-4336	14	13	probability	probability	NOUN
ajfa-4336	14	14	to	to	PART
ajfa-4336	14	15	occur	occur	VERB
ajfa-4336	14	16	financial	financial	ADJ
ajfa-4336	14	17	crisis	crisis	NOUN
ajfa-4336	14	18	.	.	PUNCT
ajfa-4336	15	1	in	in	ADP
ajfa-4336	15	2	financial	financial	ADJ
ajfa-4336	15	3	accounting	accounting	NOUN
ajfa-4336	15	4	literature	literature	NOUN
ajfa-4336	15	5	,	,	PUNCT
ajfa-4336	15	6	there	there	PRON
ajfa-4336	15	7	are	be	VERB
ajfa-4336	15	8	two	two	NUM
ajfa-4336	15	9	issues	issue	NOUN
ajfa-4336	15	10	related	relate	VERB
ajfa-4336	15	11	to	to	ADP
ajfa-4336	15	12	igco	igco	NOUN
ajfa-4336	15	13	.	.	PUNCT
ajfa-4336	16	1	first	first	ADV
ajfa-4336	16	2	,	,	PUNCT
ajfa-4336	16	3	after	after	ADP
ajfa-4336	16	4	the	the	DET
ajfa-4336	16	5	disclosure	disclosure	NOUN
ajfa-4336	16	6	of	of	ADP
ajfa-4336	16	7	an	an	DET
ajfa-4336	16	8	adverse	adverse	ADJ
ajfa-4336	16	9	igco	igco	NOUN
ajfa-4336	16	10	,	,	PUNCT
ajfa-4336	16	11	whether	whether	SCONJ
ajfa-4336	16	12	the	the	DET
ajfa-4336	16	13	firms	firm	NOUN
ajfa-4336	16	14	would	would	AUX
ajfa-4336	16	15	go	go	VERB
ajfa-4336	16	16	bankruptcy	bankruptcy	NOUN
ajfa-4336	16	17	or	or	CCONJ
ajfa-4336	16	18	whether	whether	SCONJ
ajfa-4336	16	19	the	the	DET
ajfa-4336	16	20	audit	audit	NOUN
ajfa-4336	16	21	opinion	opinion	NOUN
ajfa-4336	16	22	could	could	AUX
ajfa-4336	16	23	be	be	AUX
ajfa-4336	16	24	an	an	DET
ajfa-4336	16	25	early	early	ADJ
ajfa-4336	16	26	warning	warning	NOUN
ajfa-4336	16	27	predicting	predict	VERB
ajfa-4336	16	28	business	business	NOUN
ajfa-4336	16	29	bankruptcy	bankruptcy	NOUN
ajfa-4336	16	30	has	have	AUX
ajfa-4336	16	31	become	become	VERB
ajfa-4336	16	32	an	an	DET
ajfa-4336	16	33	important	important	ADJ
ajfa-4336	16	34	research	research	NOUN
ajfa-4336	16	35	topic	topic	NOUN
ajfa-4336	16	36	.	.	PUNCT
ajfa-4336	17	1	previous	previous	ADJ
ajfa-4336	17	2	studies	study	NOUN
ajfa-4336	17	3	focus	focus	VERB
ajfa-4336	17	4	on	on	ADP
ajfa-4336	17	5	the	the	DET
ajfa-4336	17	6	prediction	prediction	NOUN
ajfa-4336	17	7	powers	power	NOUN
ajfa-4336	17	8	of	of	ADP
ajfa-4336	17	9	business	business	NOUN
ajfa-4336	17	10	bankruptcy	bankruptcy	NOUN
ajfa-4336	17	11	by	by	ADP
ajfa-4336	17	12	comparing	compare	VERB
ajfa-4336	17	13	audit	audit	NOUN
ajfa-4336	17	14	opinions	opinion	NOUN
ajfa-4336	17	15	with	with	ADP
ajfa-4336	17	16	statistical	statistical	ADJ
ajfa-4336	17	17	forecasting	forecasting	NOUN
ajfa-4336	17	18	models	model	NOUN
ajfa-4336	17	19	.	.	PUNCT
ajfa-4336	18	1	most	most	ADJ
ajfa-4336	18	2	empirical	empirical	ADJ
ajfa-4336	18	3	evidences	evidence	NOUN
ajfa-4336	18	4	show	show	VERB
ajfa-4336	18	5	that	that	SCONJ
ajfa-4336	18	6	audit	audit	NOUN
ajfa-4336	18	7	opinions	opinion	NOUN
ajfa-4336	18	8	do	do	AUX
ajfa-4336	18	9	not	not	PART
ajfa-4336	18	10	exert	exert	VERB
ajfa-4336	18	11	higher	high	ADJ
ajfa-4336	18	12	prediction	prediction	NOUN
ajfa-4336	18	13	powers	power	NOUN
ajfa-4336	18	14	than	than	ADP
ajfa-4336	18	15	those	those	DET
ajfa-4336	18	16	statistical	statistical	ADJ
ajfa-4336	18	17	models	model	NOUN
ajfa-4336	18	18	’	'	PUNCT
ajfa-4336	18	19	(	(	PUNCT
ajfa-4336	18	20	altman	altman	NOUN
ajfa-4336	18	21	and	and	CCONJ
ajfa-4336	18	22	mcgough	mcgough	PROPN
ajfa-4336	18	23	,	,	PUNCT
ajfa-4336	18	24	1974	1974	NUM
ajfa-4336	18	25	;	;	PUNCT
ajfa-4336	18	26	koh	koh	PROPN
ajfa-4336	18	27	,	,	PUNCT
ajfa-4336	18	28	1991	1991	NUM
ajfa-4336	18	29	)	)	PUNCT
ajfa-4336	18	30	.	.	PUNCT
ajfa-4336	19	1	these	these	DET
ajfa-4336	19	2	results	result	NOUN
ajfa-4336	19	3	cause	cause	VERB
ajfa-4336	19	4	doubts	doubt	NOUN
ajfa-4336	19	5	on	on	ADP
ajfa-4336	19	6	auditors	auditor	NOUN
ajfa-4336	19	7	’	’	PART
ajfa-4336	19	8	professional	professional	ADJ
ajfa-4336	19	9	judgment	judgment	NOUN
ajfa-4336	19	10	,	,	PUNCT
ajfa-4336	19	11	and	and	CCONJ
ajfa-4336	19	12	some	some	DET
ajfa-4336	19	13	studies	study	NOUN
ajfa-4336	19	14	even	even	ADV
ajfa-4336	19	15	suggest	suggest	VERB
ajfa-4336	19	16	auditors	auditor	NOUN
ajfa-4336	19	17	to	to	PART
ajfa-4336	19	18	use	use	VERB
ajfa-4336	19	19	statistical	statistical	ADJ
ajfa-4336	19	20	forecasting	forecasting	NOUN
ajfa-4336	19	21	models	model	NOUN
ajfa-4336	19	22	to	to	PART
ajfa-4336	19	23	lower	low	ADJ
ajfa-4336	19	24	possible	possible	ADJ
ajfa-4336	19	25	misjudgment	misjudgment	NOUN
ajfa-4336	19	26	in	in	ADP
ajfa-4336	19	27	their	their	PRON
ajfa-4336	19	28	evaluation	evaluation	NOUN
ajfa-4336	19	29	(	(	PUNCT
ajfa-4336	19	30	altman	altman	NOUN
ajfa-4336	19	31	,	,	PUNCT
ajfa-4336	19	32	1982	1982	NUM
ajfa-4336	19	33	;	;	PUNCT
ajfa-4336	19	34	koh	koh	PROPN
ajfa-4336	19	35	and	and	CCONJ
ajfa-4336	19	36	killough	killough	PROPN
ajfa-4336	19	37	,	,	PUNCT
ajfa-4336	19	38	1990	1990	NUM
ajfa-4336	19	39	;	;	PUNCT
ajfa-4336	19	40	levitan	levitan	ADJ
ajfa-4336	19	41	and	and	CCONJ
ajfa-4336	19	42	knoblett	knoblett	NOUN
ajfa-4336	19	43	,	,	PUNCT
ajfa-4336	19	44	1985	1985	NUM
ajfa-4336	19	45	)	)	PUNCT
ajfa-4336	19	46	.	.	PUNCT
ajfa-4336	20	1	previous	previous	ADJ
ajfa-4336	20	2	research	research	NOUN
ajfa-4336	20	3	simply	simply	ADV
ajfa-4336	20	4	uses	use	VERB
ajfa-4336	20	5	a	a	DET
ajfa-4336	20	6	binary	binary	ADJ
ajfa-4336	20	7	choice	choice	NOUN
ajfa-4336	20	8	of	of	ADP
ajfa-4336	20	9	failure	failure	NOUN
ajfa-4336	20	10	or	or	CCONJ
ajfa-4336	20	11	survival	survival	NOUN
ajfa-4336	20	12	in	in	ADP
ajfa-4336	20	13	the	the	DET
ajfa-4336	20	14	bankruptcy	bankruptcy	NOUN
ajfa-4336	20	15	forecasting	forecasting	NOUN
ajfa-4336	20	16	models	model	NOUN
ajfa-4336	20	17	in	in	ADP
ajfa-4336	20	18	which	which	PRON
ajfa-4336	20	19	only	only	ADV
ajfa-4336	20	20	an	an	DET
ajfa-4336	20	21	accurate	accurate	ADJ
ajfa-4336	20	22	bankruptcy	bankruptcy	NOUN
ajfa-4336	20	23	rate	rate	NOUN
ajfa-4336	20	24	within	within	ADP
ajfa-4336	20	25	the	the	DET
ajfa-4336	20	26	exact	exact	ADJ
ajfa-4336	20	27	research	research	NOUN
ajfa-4336	20	28	period	period	NOUN
ajfa-4336	20	29	could	could	AUX
ajfa-4336	20	30	be	be	AUX
ajfa-4336	20	31	learned	learn	VERB
ajfa-4336	20	32	.	.	PUNCT
ajfa-4336	21	1	however	however	ADV
ajfa-4336	21	2	,	,	PUNCT
ajfa-4336	21	3	because	because	SCONJ
ajfa-4336	21	4	business	business	NOUN
ajfa-4336	21	5	failure	failure	NOUN
ajfa-4336	21	6	is	be	AUX
ajfa-4336	21	7	a	a	DET
ajfa-4336	21	8	lengthy	lengthy	ADJ
ajfa-4336	21	9	and	and	CCONJ
ajfa-4336	21	10	complicated	complicated	ADJ
ajfa-4336	21	11	process	process	NOUN
ajfa-4336	21	12	and	and	CCONJ
ajfa-4336	21	13	even	even	ADV
ajfa-4336	21	14	after	after	SCONJ
ajfa-4336	21	15	issued	issue	VERB
ajfa-4336	21	16	with	with	ADP
ajfa-4336	21	17	igco	igco	NOUN
ajfa-4336	21	18	,	,	PUNCT
ajfa-4336	21	19	some	some	DET
ajfa-4336	21	20	firms	firm	NOUN
ajfa-4336	21	21	may	may	AUX
ajfa-4336	21	22	still	still	ADV
ajfa-4336	21	23	survive	survive	VERB
ajfa-4336	21	24	while	while	SCONJ
ajfa-4336	21	25	others	other	NOUN
ajfa-4336	21	26	may	may	AUX
ajfa-4336	21	27	bankrupt	bankrupt	VERB
ajfa-4336	21	28	when	when	SCONJ
ajfa-4336	21	29	time	time	NOUN
ajfa-4336	21	30	passes	pass	VERB
ajfa-4336	21	31	.	.	PUNCT
ajfa-4336	22	1	however	however	ADV
ajfa-4336	22	2	,	,	PUNCT
ajfa-4336	22	3	since	since	SCONJ
ajfa-4336	22	4	firms	firm	NOUN
ajfa-4336	22	5	have	have	VERB
ajfa-4336	22	6	different	different	ADJ
ajfa-4336	22	7	survival	survival	NOUN
ajfa-4336	22	8	periods	period	NOUN
ajfa-4336	22	9	and	and	CCONJ
ajfa-4336	22	10	some	some	PRON
ajfa-4336	22	11	may	may	AUX
ajfa-4336	22	12	occur	occur	VERB
ajfa-4336	22	13	bankruptcy	bankruptcy	NOUN
ajfa-4336	22	14	out	out	ADP
ajfa-4336	22	15	of	of	ADP
ajfa-4336	22	16	a	a	DET
ajfa-4336	22	17	research	research	NOUN
ajfa-4336	22	18	period	period	NOUN
ajfa-4336	22	19	,	,	PUNCT
ajfa-4336	22	20	analysis	analysis	NOUN
ajfa-4336	22	21	assuming	assume	VERB
ajfa-4336	22	22	a	a	DET
ajfa-4336	22	23	same	same	ADJ
ajfa-4336	22	24	time	time	NOUN
ajfa-4336	22	25	period	period	NOUN
ajfa-4336	22	26	as	as	ADP
ajfa-4336	22	27	a	a	DET
ajfa-4336	22	28	comparison	comparison	NOUN
ajfa-4336	22	29	basis	basis	NOUN
ajfa-4336	22	30	would	would	AUX
ajfa-4336	22	31	even	even	ADV
ajfa-4336	22	32	causes	cause	VERB
ajfa-4336	22	33	the	the	DET
ajfa-4336	22	34	observed	observe	VERB
ajfa-4336	22	35	data	datum	NOUN
ajfa-4336	22	36	to	to	PART
ajfa-4336	22	37	be	be	AUX
ajfa-4336	22	38	censored	censor	VERB
ajfa-4336	22	39	.	.	PUNCT
ajfa-4336	23	1	the	the	DET
ajfa-4336	23	2	problem	problem	NOUN
ajfa-4336	23	3	will	will	AUX
ajfa-4336	23	4	underestimate	underestimate	VERB
ajfa-4336	23	5	the	the	DET
ajfa-4336	23	6	probability	probability	NOUN
ajfa-4336	23	7	of	of	ADP
ajfa-4336	23	8	hazard	hazard	NOUN
ajfa-4336	23	9	rate	rate	NOUN
ajfa-4336	23	10	of	of	ADP
ajfa-4336	23	11	bankruptcy	bankruptcy	NOUN
ajfa-4336	23	12	and	and	CCONJ
ajfa-4336	23	13	cause	cause	VERB
ajfa-4336	23	14	errors	error	NOUN
ajfa-4336	23	15	in	in	ADP
ajfa-4336	23	16	the	the	DET
ajfa-4336	23	17	analysis	analysis	NOUN
ajfa-4336	23	18	by	by	ADP
ajfa-4336	23	19	wrongfully	wrongfully	ADV
ajfa-4336	23	20	assuming	assume	VERB
ajfa-4336	23	21	the	the	DET
ajfa-4336	23	22	businesses	business	NOUN
ajfa-4336	23	23	are	be	AUX
ajfa-4336	23	24	still	still	ADV
ajfa-4336	23	25	in	in	ADP
ajfa-4336	23	26	normal	normal	ADJ
ajfa-4336	23	27	operation	operation	NOUN
ajfa-4336	23	28	but	but	CCONJ
ajfa-4336	23	29	actually	actually	ADV
ajfa-4336	23	30	its	its	PRON
ajfa-4336	23	31	future	future	ADJ
ajfa-4336	23	32	failure	failure	NOUN
ajfa-4336	23	33	is	be	AUX
ajfa-4336	23	34	unpredictable	unpredictable	ADJ
ajfa-4336	23	35	.	.	PUNCT
ajfa-4336	24	1	therefore	therefore	ADV
ajfa-4336	24	2	,	,	PUNCT
ajfa-4336	24	3	the	the	DET
ajfa-4336	24	4	binary	binary	ADJ
ajfa-4336	24	5	choice	choice	NOUN
ajfa-4336	24	6	model	model	NOUN
ajfa-4336	24	7	does	do	AUX
ajfa-4336	24	8	not	not	PART
ajfa-4336	24	9	consider	consider	VERB
ajfa-4336	24	10	the	the	DET
ajfa-4336	24	11	survival	survival	NOUN
ajfa-4336	24	12	period	period	NOUN
ajfa-4336	24	13	of	of	ADP
ajfa-4336	24	14	business	business	NOUN
ajfa-4336	24	15	failure	failure	NOUN
ajfa-4336	24	16	in	in	ADP
ajfa-4336	24	17	its	its	PRON
ajfa-4336	24	18	forecasting	forecasting	NOUN
ajfa-4336	24	19	models	model	NOUN
ajfa-4336	24	20	and	and	CCONJ
ajfa-4336	24	21	thus	thus	ADV
ajfa-4336	24	22	lowers	lower	VERB
ajfa-4336	24	23	its	its	PRON
ajfa-4336	24	24	effectiveness	effectiveness	NOUN
ajfa-4336	24	25	in	in	ADP
ajfa-4336	24	26	future	future	ADJ
ajfa-4336	24	27	preventions	prevention	NOUN
ajfa-4336	24	28	and	and	CCONJ
ajfa-4336	24	29	treatments	treatment	NOUN
ajfa-4336	24	30	.	.	PUNCT
ajfa-4336	25	1	understanding	understand	VERB
ajfa-4336	25	2	the	the	DET
ajfa-4336	25	3	time	time	NOUN
ajfa-4336	25	4	process	process	NOUN
ajfa-4336	25	5	about	about	ADP
ajfa-4336	25	6	how	how	SCONJ
ajfa-4336	25	7	firms	firm	NOUN
ajfa-4336	25	8	go	go	VERB
ajfa-4336	25	9	bankrupt	bankrupt	ADJ
ajfa-4336	25	10	is	be	AUX
ajfa-4336	25	11	more	more	ADV
ajfa-4336	25	12	useful	useful	ADJ
ajfa-4336	25	13	than	than	ADP
ajfa-4336	25	14	simply	simply	ADV
ajfa-4336	25	15	knowing	know	VERB
ajfa-4336	25	16	its	its	PRON
ajfa-4336	25	17	probability	probability	NOUN
ajfa-4336	25	18	during	during	ADP
ajfa-4336	25	19	the	the	DET
ajfa-4336	25	20	research	research	NOUN
ajfa-4336	25	21	period	period	NOUN
ajfa-4336	25	22	by	by	ADP
ajfa-4336	25	23	the	the	DET
ajfa-4336	25	24	choice	choice	NOUN
ajfa-4336	25	25	model	model	NOUN
ajfa-4336	25	26	.	.	PUNCT
ajfa-4336	26	1	the	the	DET
ajfa-4336	26	2	survival	survival	NOUN
ajfa-4336	26	3	analysis	analysis	NOUN
ajfa-4336	26	4	can	can	AUX
ajfa-4336	26	5	further	far	ADV
ajfa-4336	26	6	measure	measure	VERB
ajfa-4336	26	7	the	the	DET
ajfa-4336	26	8	survival	survival	NOUN
ajfa-4336	26	9	time	time	NOUN
ajfa-4336	26	10	in	in	ADP
ajfa-4336	26	11	addition	addition	NOUN
ajfa-4336	26	12	to	to	ADP
ajfa-4336	26	13	the	the	DET
ajfa-4336	26	14	probability	probability	NOUN
ajfa-4336	26	15	of	of	ADP
ajfa-4336	26	16	failure	failure	NOUN
ajfa-4336	26	17	.	.	PUNCT
ajfa-4336	27	1	the	the	DET
ajfa-4336	27	2	second	second	ADJ
ajfa-4336	27	3	issue	issue	NOUN
ajfa-4336	27	4	discussed	discuss	VERB
ajfa-4336	27	5	in	in	ADP
ajfa-4336	27	6	the	the	DET
ajfa-4336	27	7	financial	financial	ADJ
ajfa-4336	27	8	accounting	accounting	NOUN
ajfa-4336	27	9	literature	literature	NOUN
ajfa-4336	27	10	is	be	AUX
ajfa-4336	27	11	to	to	PART
ajfa-4336	27	12	investigate	investigate	VERB
ajfa-4336	27	13	the	the	DET
ajfa-4336	27	14	existence	existence	NOUN
ajfa-4336	27	15	of	of	ADP
ajfa-4336	27	16	self	self	NOUN
ajfa-4336	27	17	-	-	PUNCT
ajfa-4336	27	18	fulfilling	fulfil	VERB
ajfa-4336	27	19	prophecy	prophecy	NOUN
ajfa-4336	27	20	by	by	ADP
ajfa-4336	27	21	examining	examine	VERB
ajfa-4336	27	22	if	if	SCONJ
ajfa-4336	27	23	the	the	DET
ajfa-4336	27	24	bankruptcy	bankruptcy	NOUN
ajfa-4336	27	25	probability	probability	NOUN
ajfa-4336	27	26	increases	increase	NOUN
ajfa-4336	27	27	during	during	ADP
ajfa-4336	27	28	the	the	DET
ajfa-4336	27	29	first	first	ADJ
ajfa-4336	27	30	or	or	CCONJ
ajfa-4336	27	31	second	second	ADJ
ajfa-4336	27	32	year	year	NOUN
ajfa-4336	27	33	after	after	ADP
ajfa-4336	27	34	an	an	DET
ajfa-4336	27	35	igco	igco	NOUN
ajfa-4336	27	36	issued	issue	VERB
ajfa-4336	27	37	.	.	PUNCT
ajfa-4336	28	1	these	these	DET
ajfa-4336	28	2	studies	study	NOUN
ajfa-4336	28	3	,	,	PUNCT
ajfa-4336	28	4	although	although	SCONJ
ajfa-4336	28	5	considering	consider	VERB
ajfa-4336	28	6	the	the	DET
ajfa-4336	28	7	asian	asian	ADJ
ajfa-4336	28	8	journal	journal	NOUN
ajfa-4336	28	9	of	of	ADP
ajfa-4336	28	10	finance	finance	PROPN
ajfa-4336	28	11	&	&	CCONJ
ajfa-4336	28	12	accounting	accounting	PROPN
ajfa-4336	28	13	issn	issn	PROPN
ajfa-4336	28	14	1946	1946	NUM
ajfa-4336	28	15	-	-	PUNCT
ajfa-4336	28	16	052x	052x	NOUN
ajfa-4336	28	17	2013	2013	NUM
ajfa-4336	28	18	,	,	PUNCT
ajfa-4336	28	19	vol	vol	NOUN
ajfa-4336	28	20	.	.	PROPN
ajfa-4336	28	21	5	5	NUM
ajfa-4336	28	22	,	,	PUNCT
ajfa-4336	28	23	no	no	INTJ
ajfa-4336	28	24	.	.	NOUN
ajfa-4336	28	25	2	2	NUM
ajfa-4336	28	26	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4336	28	27	141	141	NUM
ajfa-4336	28	28	time	time	NOUN
ajfa-4336	28	29	process	process	NOUN
ajfa-4336	28	30	of	of	ADP
ajfa-4336	28	31	business	business	NOUN
ajfa-4336	28	32	failure	failure	NOUN
ajfa-4336	28	33	,	,	PUNCT
ajfa-4336	28	34	merely	merely	ADV
ajfa-4336	28	35	limit	limit	VERB
ajfa-4336	28	36	their	their	PRON
ajfa-4336	28	37	discussions	discussion	NOUN
ajfa-4336	28	38	to	to	ADP
ajfa-4336	28	39	the	the	DET
ajfa-4336	28	40	primary	primary	ADJ
ajfa-4336	28	41	effects	effect	NOUN
ajfa-4336	28	42	of	of	ADP
ajfa-4336	28	43	igco	igco	NOUN
ajfa-4336	28	44	at	at	ADP
ajfa-4336	28	45	an	an	DET
ajfa-4336	28	46	early	early	ADJ
ajfa-4336	28	47	stage	stage	NOUN
ajfa-4336	28	48	.	.	PUNCT
ajfa-4336	29	1	actually	actually	ADV
ajfa-4336	29	2	after	after	ADP
ajfa-4336	29	3	the	the	DET
ajfa-4336	29	4	disclosure	disclosure	NOUN
ajfa-4336	29	5	of	of	ADP
ajfa-4336	29	6	igco	igco	NOUN
ajfa-4336	29	7	,	,	PUNCT
ajfa-4336	29	8	financial	financial	ADJ
ajfa-4336	29	9	impacts	impact	NOUN
ajfa-4336	29	10	to	to	ADP
ajfa-4336	29	11	corporate	corporate	ADJ
ajfa-4336	29	12	operations	operation	NOUN
ajfa-4336	29	13	do	do	AUX
ajfa-4336	29	14	not	not	PART
ajfa-4336	29	15	occur	occur	VERB
ajfa-4336	29	16	immediately	immediately	ADV
ajfa-4336	29	17	but	but	CCONJ
ajfa-4336	29	18	generally	generally	ADV
ajfa-4336	29	19	prolong	prolong	ADJ
ajfa-4336	29	20	to	to	ADP
ajfa-4336	29	21	the	the	DET
ajfa-4336	29	22	future	future	NOUN
ajfa-4336	29	23	.	.	PUNCT
ajfa-4336	30	1	focusing	focus	VERB
ajfa-4336	30	2	on	on	ADP
ajfa-4336	30	3	only	only	ADV
ajfa-4336	30	4	one	one	NUM
ajfa-4336	30	5	or	or	CCONJ
ajfa-4336	30	6	two	two	NUM
ajfa-4336	30	7	years	year	NOUN
ajfa-4336	30	8	after	after	ADP
ajfa-4336	30	9	an	an	DET
ajfa-4336	30	10	adverse	adverse	ADJ
ajfa-4336	30	11	igco	igco	NOUN
ajfa-4336	30	12	issued	issue	VERB
ajfa-4336	30	13	and	and	CCONJ
ajfa-4336	30	14	when	when	SCONJ
ajfa-4336	30	15	bankruptcy	bankruptcy	NOUN
ajfa-4336	30	16	probability	probability	NOUN
ajfa-4336	30	17	may	may	AUX
ajfa-4336	30	18	not	not	PART
ajfa-4336	30	19	increase	increase	VERB
ajfa-4336	30	20	yet	yet	ADV
ajfa-4336	30	21	and	and	CCONJ
ajfa-4336	30	22	impacts	impact	NOUN
ajfa-4336	30	23	of	of	ADP
ajfa-4336	30	24	future	future	ADJ
ajfa-4336	30	25	periods	period	NOUN
ajfa-4336	30	26	are	be	AUX
ajfa-4336	30	27	ignored	ignore	VERB
ajfa-4336	30	28	,	,	PUNCT
ajfa-4336	30	29	result	result	NOUN
ajfa-4336	30	30	bias	bias	NOUN
ajfa-4336	30	31	may	may	AUX
ajfa-4336	30	32	occur	occur	VERB
ajfa-4336	30	33	in	in	ADP
ajfa-4336	30	34	empirical	empirical	ADJ
ajfa-4336	30	35	inferences	inference	NOUN
ajfa-4336	30	36	(	(	PUNCT
ajfa-4336	30	37	louwers	louwer	NOUN
ajfa-4336	30	38	et	et	PROPN
ajfa-4336	30	39	al	al	PROPN
ajfa-4336	30	40	.	.	PROPN
ajfa-4336	30	41	,	,	PUNCT
ajfa-4336	30	42	1999	1999	NUM
ajfa-4336	30	43	)	)	PUNCT
ajfa-4336	30	44	.	.	PUNCT
ajfa-4336	31	1	therefore	therefore	ADV
ajfa-4336	31	2	,	,	PUNCT
ajfa-4336	31	3	after	after	ADP
ajfa-4336	31	4	the	the	DET
ajfa-4336	31	5	disclosure	disclosure	NOUN
ajfa-4336	31	6	of	of	ADP
ajfa-4336	31	7	igco	igco	NOUN
ajfa-4336	31	8	firms	firm	NOUN
ajfa-4336	31	9	,	,	PUNCT
ajfa-4336	31	10	for	for	ADP
ajfa-4336	31	11	any	any	DET
ajfa-4336	31	12	point	point	NOUN
ajfa-4336	31	13	in	in	ADP
ajfa-4336	31	14	time	time	NOUN
ajfa-4336	31	15	during	during	ADP
ajfa-4336	31	16	the	the	DET
ajfa-4336	31	17	survival	survival	NOUN
ajfa-4336	31	18	period	period	NOUN
ajfa-4336	31	19	,	,	PUNCT
ajfa-4336	31	20	bankruptcy	bankruptcy	NOUN
ajfa-4336	31	21	probability	probability	NOUN
ajfa-4336	31	22	should	should	AUX
ajfa-4336	31	23	be	be	AUX
ajfa-4336	31	24	evaluated	evaluate	VERB
ajfa-4336	31	25	carefully	carefully	ADV
ajfa-4336	31	26	.	.	PUNCT
ajfa-4336	32	1	the	the	DET
ajfa-4336	32	2	survival	survival	NOUN
ajfa-4336	32	3	analysis	analysis	NOUN
ajfa-4336	32	4	focuses	focus	VERB
ajfa-4336	32	5	on	on	ADP
ajfa-4336	32	6	the	the	DET
ajfa-4336	32	7	timing	timing	NOUN
ajfa-4336	32	8	issue	issue	NOUN
ajfa-4336	32	9	by	by	ADP
ajfa-4336	32	10	measuring	measure	VERB
ajfa-4336	32	11	a	a	DET
ajfa-4336	32	12	possible	possible	ADJ
ajfa-4336	32	13	future	future	ADJ
ajfa-4336	32	14	bankruptcy	bankruptcy	NOUN
ajfa-4336	32	15	risk	risk	NOUN
ajfa-4336	32	16	for	for	ADP
ajfa-4336	32	17	the	the	DET
ajfa-4336	32	18	igco	igco	NOUN
ajfa-4336	32	19	firms	firm	NOUN
ajfa-4336	32	20	when	when	SCONJ
ajfa-4336	32	21	financial	financial	ADJ
ajfa-4336	32	22	crisis	crisis	NOUN
ajfa-4336	32	23	occurs	occur	VERB
ajfa-4336	32	24	.	.	PUNCT
ajfa-4336	33	1	in	in	ADP
ajfa-4336	33	2	addition	addition	NOUN
ajfa-4336	33	3	,	,	PUNCT
ajfa-4336	33	4	a	a	DET
ajfa-4336	33	5	related	related	ADJ
ajfa-4336	33	6	issue	issue	NOUN
ajfa-4336	33	7	for	for	ADP
ajfa-4336	33	8	financial	financial	ADJ
ajfa-4336	33	9	statements	statement	NOUN
ajfa-4336	33	10	users	user	NOUN
ajfa-4336	33	11	is	be	AUX
ajfa-4336	33	12	about	about	ADP
ajfa-4336	33	13	when	when	SCONJ
ajfa-4336	33	14	to	to	PART
ajfa-4336	33	15	make	make	VERB
ajfa-4336	33	16	their	their	PRON
ajfa-4336	33	17	decisions	decision	NOUN
ajfa-4336	33	18	.	.	PUNCT
ajfa-4336	34	1	to	to	PART
ajfa-4336	34	2	overcome	overcome	VERB
ajfa-4336	34	3	issues	issue	NOUN
ajfa-4336	34	4	in	in	ADP
ajfa-4336	34	5	previous	previous	ADJ
ajfa-4336	34	6	studies	study	NOUN
ajfa-4336	34	7	and	and	CCONJ
ajfa-4336	34	8	solve	solve	VERB
ajfa-4336	34	9	for	for	ADP
ajfa-4336	34	10	actual	actual	ADJ
ajfa-4336	34	11	problems	problem	NOUN
ajfa-4336	34	12	for	for	ADP
ajfa-4336	34	13	financial	financial	ADJ
ajfa-4336	34	14	statements	statement	NOUN
ajfa-4336	34	15	users	user	NOUN
ajfa-4336	34	16	,	,	PUNCT
ajfa-4336	34	17	the	the	DET
ajfa-4336	34	18	entire	entire	ADJ
ajfa-4336	34	19	time	time	NOUN
ajfa-4336	34	20	process	process	NOUN
ajfa-4336	34	21	,	,	PUNCT
ajfa-4336	34	22	from	from	ADP
ajfa-4336	34	23	the	the	DET
ajfa-4336	34	24	issuance	issuance	NOUN
ajfa-4336	34	25	of	of	ADP
ajfa-4336	34	26	igco	igco	NOUN
ajfa-4336	34	27	to	to	ADP
ajfa-4336	34	28	their	their	PRON
ajfa-4336	34	29	delisting	delisting	NOUN
ajfa-4336	34	30	,	,	PUNCT
ajfa-4336	34	31	should	should	AUX
ajfa-4336	34	32	be	be	AUX
ajfa-4336	34	33	considered	consider	VERB
ajfa-4336	34	34	for	for	ADP
ajfa-4336	34	35	these	these	DET
ajfa-4336	34	36	firms	firm	NOUN
ajfa-4336	34	37	in	in	ADP
ajfa-4336	34	38	financial	financial	ADJ
ajfa-4336	34	39	crisis	crisis	NOUN
ajfa-4336	34	40	.	.	PUNCT
ajfa-4336	35	1	evaluation	evaluation	NOUN
ajfa-4336	35	2	for	for	ADP
ajfa-4336	35	3	the	the	DET
ajfa-4336	35	4	survival	survival	NOUN
ajfa-4336	35	5	period	period	NOUN
ajfa-4336	35	6	before	before	ADP
ajfa-4336	35	7	delisting	delist	VERB
ajfa-4336	35	8	and	and	CCONJ
ajfa-4336	35	9	its	its	PRON
ajfa-4336	35	10	delisting	delisting	NOUN
ajfa-4336	35	11	probability	probability	NOUN
ajfa-4336	35	12	during	during	ADP
ajfa-4336	35	13	the	the	DET
ajfa-4336	35	14	period	period	NOUN
ajfa-4336	35	15	is	be	AUX
ajfa-4336	35	16	necessary	necessary	ADJ
ajfa-4336	35	17	for	for	SCONJ
ajfa-4336	35	18	different	different	ADJ
ajfa-4336	35	19	users	user	NOUN
ajfa-4336	35	20	of	of	ADP
ajfa-4336	35	21	financial	financial	ADJ
ajfa-4336	35	22	statements	statement	NOUN
ajfa-4336	35	23	to	to	PART
ajfa-4336	35	24	determine	determine	VERB
ajfa-4336	35	25	their	their	PRON
ajfa-4336	35	26	further	further	ADJ
ajfa-4336	35	27	strategies	strategy	NOUN
ajfa-4336	35	28	.	.	PUNCT
ajfa-4336	36	1	this	this	DET
ajfa-4336	36	2	main	main	ADJ
ajfa-4336	36	3	characteristic	characteristic	NOUN
ajfa-4336	36	4	in	in	ADP
ajfa-4336	36	5	this	this	DET
ajfa-4336	36	6	paper	paper	NOUN
ajfa-4336	36	7	is	be	AUX
ajfa-4336	36	8	to	to	PART
ajfa-4336	36	9	connect	connect	VERB
ajfa-4336	36	10	audit	audit	NOUN
ajfa-4336	36	11	opinions	opinion	NOUN
ajfa-4336	36	12	with	with	ADP
ajfa-4336	36	13	the	the	DET
ajfa-4336	36	14	dynamic	dynamic	ADJ
ajfa-4336	36	15	process	process	NOUN
ajfa-4336	36	16	of	of	ADP
ajfa-4336	36	17	business	business	NOUN
ajfa-4336	36	18	failure	failure	NOUN
ajfa-4336	36	19	,	,	PUNCT
ajfa-4336	36	20	aiming	aim	VERB
ajfa-4336	36	21	at	at	ADP
ajfa-4336	36	22	discussing	discuss	VERB
ajfa-4336	36	23	the	the	DET
ajfa-4336	36	24	time	time	NOUN
ajfa-4336	36	25	process	process	NOUN
ajfa-4336	36	26	for	for	ADP
ajfa-4336	36	27	a	a	DET
ajfa-4336	36	28	survival	survival	NOUN
ajfa-4336	36	29	period	period	NOUN
ajfa-4336	36	30	until	until	ADP
ajfa-4336	36	31	delisting	delist	VERB
ajfa-4336	36	32	for	for	ADP
ajfa-4336	36	33	firms	firm	NOUN
ajfa-4336	36	34	issued	issue	VERB
ajfa-4336	36	35	with	with	ADP
ajfa-4336	36	36	an	an	DET
ajfa-4336	36	37	igco	igco	NOUN
ajfa-4336	36	38	.	.	PUNCT
ajfa-4336	37	1	we	we	PRON
ajfa-4336	37	2	discuss	discuss	VERB
ajfa-4336	37	3	three	three	NUM
ajfa-4336	37	4	related	relate	VERB
ajfa-4336	37	5	issues	issue	NOUN
ajfa-4336	37	6	of	of	ADP
ajfa-4336	37	7	an	an	DET
ajfa-4336	37	8	igco	igco	NOUN
ajfa-4336	37	9	,	,	PUNCT
ajfa-4336	37	10	which	which	PRON
ajfa-4336	37	11	are	be	AUX
ajfa-4336	37	12	the	the	DET
ajfa-4336	37	13	hazard	hazard	NOUN
ajfa-4336	37	14	delisting	delisting	NOUN
ajfa-4336	37	15	period	period	NOUN
ajfa-4336	37	16	for	for	ADP
ajfa-4336	37	17	taiwan	taiwan	PROPN
ajfa-4336	37	18	igco	igco	NOUN
ajfa-4336	37	19	firms	firm	NOUN
ajfa-4336	37	20	,	,	PUNCT
ajfa-4336	37	21	the	the	DET
ajfa-4336	37	22	existence	existence	NOUN
ajfa-4336	37	23	of	of	ADP
ajfa-4336	37	24	self	self	NOUN
ajfa-4336	37	25	-	-	PUNCT
ajfa-4336	37	26	fulfilling	fulfil	VERB
ajfa-4336	37	27	prophecy	prophecy	NOUN
ajfa-4336	37	28	,	,	PUNCT
ajfa-4336	37	29	and	and	CCONJ
ajfa-4336	37	30	factors	factor	NOUN
ajfa-4336	37	31	influencing	influence	VERB
ajfa-4336	37	32	the	the	DET
ajfa-4336	37	33	delisting	delisting	NOUN
ajfa-4336	37	34	.	.	PUNCT
ajfa-4336	38	1	following	follow	VERB
ajfa-4336	38	2	previous	previous	ADJ
ajfa-4336	38	3	financial	financial	ADJ
ajfa-4336	38	4	crisis	crisis	NOUN
ajfa-4336	38	5	studies	study	NOUN
ajfa-4336	38	6	,	,	PUNCT
ajfa-4336	38	7	we	we	PRON
ajfa-4336	38	8	separate	separate	VERB
ajfa-4336	38	9	delisting	delist	VERB
ajfa-4336	38	10	factors	factor	NOUN
ajfa-4336	38	11	based	base	VERB
ajfa-4336	38	12	on	on	ADP
ajfa-4336	38	13	corporate	corporate	ADJ
ajfa-4336	38	14	structures	structure	NOUN
ajfa-4336	38	15	,	,	PUNCT
ajfa-4336	38	16	the	the	DET
ajfa-4336	38	17	general	general	ADJ
ajfa-4336	38	18	,	,	PUNCT
ajfa-4336	38	19	financial	financial	ADJ
ajfa-4336	38	20	,	,	PUNCT
ajfa-4336	38	21	operational	operational	ADJ
ajfa-4336	38	22	,	,	PUNCT
ajfa-4336	38	23	and	and	CCONJ
ajfa-4336	38	24	shareholding	shareholding	NOUN
ajfa-4336	38	25	structure	structure	NOUN
ajfa-4336	38	26	.	.	PUNCT
ajfa-4336	39	1	we	we	PRON
ajfa-4336	39	2	construct	construct	VERB
ajfa-4336	39	3	a	a	DET
ajfa-4336	39	4	survival	survival	NOUN
ajfa-4336	39	5	period	period	NOUN
ajfa-4336	39	6	model	model	NOUN
ajfa-4336	39	7	for	for	ADP
ajfa-4336	39	8	financial	financial	ADJ
ajfa-4336	39	9	crisis	crisis	NOUN
ajfa-4336	39	10	firms	firm	NOUN
ajfa-4336	39	11	,	,	PUNCT
ajfa-4336	39	12	covering	cover	VERB
ajfa-4336	39	13	from	from	ADP
ajfa-4336	39	14	the	the	DET
ajfa-4336	39	15	time	time	NOUN
ajfa-4336	39	16	igco	igco	NOUN
ajfa-4336	39	17	issued	issue	VERB
ajfa-4336	39	18	till	till	SCONJ
ajfa-4336	39	19	delisting	delist	VERB
ajfa-4336	39	20	.	.	PUNCT
ajfa-4336	40	1	business	business	NOUN
ajfa-4336	40	2	failure	failure	NOUN
ajfa-4336	40	3	occurs	occur	VERB
ajfa-4336	40	4	when	when	SCONJ
ajfa-4336	40	5	many	many	ADJ
ajfa-4336	40	6	intervening	intervene	VERB
ajfa-4336	40	7	factors	factor	NOUN
ajfa-4336	40	8	cause	cause	VERB
ajfa-4336	40	9	its	its	PRON
ajfa-4336	40	10	operation	operation	NOUN
ajfa-4336	40	11	to	to	PART
ajfa-4336	40	12	cease	cease	VERB
ajfa-4336	40	13	or	or	CCONJ
ajfa-4336	40	14	even	even	ADV
ajfa-4336	40	15	withdraw	withdraw	VERB
ajfa-4336	40	16	from	from	ADP
ajfa-4336	40	17	industry	industry	NOUN
ajfa-4336	40	18	.	.	PUNCT
ajfa-4336	41	1	most	most	ADV
ajfa-4336	41	2	related	relate	VERB
ajfa-4336	41	3	studies	study	NOUN
ajfa-4336	41	4	employ	employ	VERB
ajfa-4336	41	5	the	the	DET
ajfa-4336	41	6	choice	choice	NOUN
ajfa-4336	41	7	model	model	NOUN
ajfa-4336	41	8	in	in	ADP
ajfa-4336	41	9	the	the	DET
ajfa-4336	41	10	matching	matching	NOUN
ajfa-4336	41	11	process	process	NOUN
ajfa-4336	41	12	of	of	ADP
ajfa-4336	41	13	a	a	DET
ajfa-4336	41	14	business	business	NOUN
ajfa-4336	41	15	failure	failure	NOUN
ajfa-4336	41	16	forecasting	forecasting	NOUN
ajfa-4336	41	17	model	model	NOUN
ajfa-4336	41	18	to	to	PART
ajfa-4336	41	19	measure	measure	VERB
ajfa-4336	41	20	the	the	DET
ajfa-4336	41	21	most	most	ADV
ajfa-4336	41	22	likely	likely	ADJ
ajfa-4336	41	23	probability	probability	NOUN
ajfa-4336	41	24	for	for	ADP
ajfa-4336	41	25	survival	survival	NOUN
ajfa-4336	41	26	or	or	CCONJ
ajfa-4336	41	27	failure	failure	NOUN
ajfa-4336	41	28	at	at	ADP
ajfa-4336	41	29	a	a	DET
ajfa-4336	41	30	certain	certain	ADJ
ajfa-4336	41	31	point	point	NOUN
ajfa-4336	41	32	in	in	ADP
ajfa-4336	41	33	time	time	NOUN
ajfa-4336	41	34	.	.	PUNCT
ajfa-4336	42	1	their	their	PRON
ajfa-4336	42	2	models	model	NOUN
ajfa-4336	42	3	use	use	VERB
ajfa-4336	42	4	a	a	DET
ajfa-4336	42	5	static	static	ADJ
ajfa-4336	42	6	analysis	analysis	NOUN
ajfa-4336	42	7	which	which	PRON
ajfa-4336	42	8	can	can	AUX
ajfa-4336	42	9	merely	merely	ADV
ajfa-4336	42	10	evaluate	evaluate	VERB
ajfa-4336	42	11	the	the	DET
ajfa-4336	42	12	highest	high	ADJ
ajfa-4336	42	13	hazard	hazard	NOUN
ajfa-4336	42	14	rate	rate	NOUN
ajfa-4336	42	15	for	for	ADP
ajfa-4336	42	16	business	business	NOUN
ajfa-4336	42	17	failure	failure	NOUN
ajfa-4336	42	18	or	or	CCONJ
ajfa-4336	42	19	delisting	delist	VERB
ajfa-4336	42	20	during	during	ADP
ajfa-4336	42	21	a	a	DET
ajfa-4336	42	22	certain	certain	ADJ
ajfa-4336	42	23	period	period	NOUN
ajfa-4336	42	24	.	.	PUNCT
ajfa-4336	43	1	unfortunately	unfortunately	ADV
ajfa-4336	43	2	,	,	PUNCT
ajfa-4336	43	3	the	the	DET
ajfa-4336	43	4	complicated	complicated	ADJ
ajfa-4336	43	5	time	time	NOUN
ajfa-4336	43	6	process	process	NOUN
ajfa-4336	43	7	involved	involve	VERB
ajfa-4336	43	8	during	during	ADP
ajfa-4336	43	9	the	the	DET
ajfa-4336	43	10	survival	survival	NOUN
ajfa-4336	43	11	period	period	NOUN
ajfa-4336	43	12	is	be	AUX
ajfa-4336	43	13	not	not	PART
ajfa-4336	43	14	investigated	investigate	VERB
ajfa-4336	43	15	,	,	PUNCT
ajfa-4336	43	16	for	for	ADP
ajfa-4336	43	17	the	the	DET
ajfa-4336	43	18	process	process	NOUN
ajfa-4336	43	19	of	of	ADP
ajfa-4336	43	20	either	either	CCONJ
ajfa-4336	43	21	delisting	delist	VERB
ajfa-4336	43	22	from	from	ADP
ajfa-4336	43	23	financial	financial	ADJ
ajfa-4336	43	24	crisis	crisis	NOUN
ajfa-4336	43	25	or	or	CCONJ
ajfa-4336	43	26	business	business	NOUN
ajfa-4336	43	27	failure	failure	NOUN
ajfa-4336	43	28	from	from	ADP
ajfa-4336	43	29	normal	normal	ADJ
ajfa-4336	43	30	operation	operation	NOUN
ajfa-4336	43	31	.	.	PUNCT
ajfa-4336	44	1	thus	thus	ADV
ajfa-4336	44	2	,	,	PUNCT
ajfa-4336	44	3	possible	possible	ADJ
ajfa-4336	44	4	timing	timing	NOUN
ajfa-4336	44	5	for	for	ADP
ajfa-4336	44	6	prevention	prevention	NOUN
ajfa-4336	44	7	and	and	CCONJ
ajfa-4336	44	8	treatment	treatment	NOUN
ajfa-4336	44	9	has	have	AUX
ajfa-4336	44	10	lost	lose	VERB
ajfa-4336	44	11	for	for	ADP
ajfa-4336	44	12	firms	firm	NOUN
ajfa-4336	44	13	in	in	ADP
ajfa-4336	44	14	financial	financial	ADJ
ajfa-4336	44	15	crisis	crisis	NOUN
ajfa-4336	44	16	.	.	PUNCT
ajfa-4336	45	1	for	for	ADP
ajfa-4336	45	2	instance	instance	NOUN
ajfa-4336	45	3	,	,	PUNCT
ajfa-4336	45	4	when	when	SCONJ
ajfa-4336	45	5	a	a	DET
ajfa-4336	45	6	financial	financial	ADJ
ajfa-4336	45	7	warning	warning	NOUN
ajfa-4336	45	8	of	of	ADP
ajfa-4336	45	9	igco	igco	NOUN
ajfa-4336	45	10	issued	issue	VERB
ajfa-4336	45	11	,	,	PUNCT
ajfa-4336	45	12	possible	possible	ADJ
ajfa-4336	45	13	delisting	delisting	NOUN
ajfa-4336	45	14	time	time	NOUN
ajfa-4336	45	15	and	and	CCONJ
ajfa-4336	45	16	its	its	PRON
ajfa-4336	45	17	probability	probability	NOUN
ajfa-4336	45	18	are	be	AUX
ajfa-4336	45	19	still	still	ADV
ajfa-4336	45	20	unknown	unknown	ADJ
ajfa-4336	45	21	.	.	PUNCT
ajfa-4336	46	1	then	then	ADV
ajfa-4336	46	2	,	,	PUNCT
ajfa-4336	46	3	if	if	SCONJ
ajfa-4336	46	4	apply	apply	VERB
ajfa-4336	46	5	the	the	DET
ajfa-4336	46	6	survival	survival	NOUN
ajfa-4336	46	7	analysis	analysis	NOUN
ajfa-4336	46	8	,	,	PUNCT
ajfa-4336	46	9	delisting	delist	VERB
ajfa-4336	46	10	factors	factor	NOUN
ajfa-4336	46	11	and	and	CCONJ
ajfa-4336	46	12	the	the	DET
ajfa-4336	46	13	survival	survival	NOUN
ajfa-4336	46	14	periods	period	NOUN
ajfa-4336	46	15	and	and	CCONJ
ajfa-4336	46	16	probability	probability	NOUN
ajfa-4336	46	17	can	can	AUX
ajfa-4336	46	18	be	be	AUX
ajfa-4336	46	19	estimated	estimate	VERB
ajfa-4336	46	20	.	.	PUNCT
ajfa-4336	47	1	this	this	DET
ajfa-4336	47	2	paper	paper	NOUN
ajfa-4336	47	3	employs	employ	VERB
ajfa-4336	47	4	the	the	DET
ajfa-4336	47	5	proportional	proportional	ADJ
ajfa-4336	47	6	hazard	hazard	NOUN
ajfa-4336	47	7	models	model	NOUN
ajfa-4336	47	8	to	to	PART
ajfa-4336	47	9	estimate	estimate	VERB
ajfa-4336	47	10	the	the	DET
ajfa-4336	47	11	delisting	delisting	NOUN
ajfa-4336	47	12	factors	factor	NOUN
ajfa-4336	47	13	for	for	ADP
ajfa-4336	47	14	taiwan	taiwan	PROPN
ajfa-4336	47	15	public	public	ADJ
ajfa-4336	47	16	companies	company	NOUN
ajfa-4336	47	17	.	.	PUNCT
ajfa-4336	48	1	our	our	PRON
ajfa-4336	48	2	empirical	empirical	ADJ
ajfa-4336	48	3	results	result	NOUN
ajfa-4336	48	4	show	show	VERB
ajfa-4336	48	5	that	that	SCONJ
ajfa-4336	48	6	factors	factor	NOUN
ajfa-4336	48	7	causing	cause	VERB
ajfa-4336	48	8	a	a	DET
ajfa-4336	48	9	higher	high	ADJ
ajfa-4336	48	10	delisting	delisting	NOUN
ajfa-4336	48	11	hazard	hazard	NOUN
ajfa-4336	48	12	rate	rate	NOUN
ajfa-4336	48	13	are	be	AUX
ajfa-4336	48	14	shorter	short	ADJ
ajfa-4336	48	15	listing	listing	NOUN
ajfa-4336	48	16	time	time	NOUN
ajfa-4336	48	17	,	,	PUNCT
ajfa-4336	48	18	lower	low	ADJ
ajfa-4336	48	19	rate	rate	NOUN
ajfa-4336	48	20	of	of	ADP
ajfa-4336	48	21	retained	retain	VERB
ajfa-4336	48	22	earnings	earning	NOUN
ajfa-4336	48	23	to	to	ADP
ajfa-4336	48	24	total	total	ADJ
ajfa-4336	48	25	assets	asset	NOUN
ajfa-4336	48	26	,	,	PUNCT
ajfa-4336	48	27	lower	low	ADJ
ajfa-4336	48	28	rate	rate	NOUN
ajfa-4336	48	29	of	of	ADP
ajfa-4336	48	30	market	market	NOUN
ajfa-4336	48	31	value	value	NOUN
ajfa-4336	48	32	of	of	ADP
ajfa-4336	48	33	equity	equity	NOUN
ajfa-4336	48	34	to	to	ADP
ajfa-4336	48	35	total	total	ADJ
ajfa-4336	48	36	debts	debt	NOUN
ajfa-4336	48	37	,	,	PUNCT
ajfa-4336	48	38	and	and	CCONJ
ajfa-4336	48	39	higher	high	ADJ
ajfa-4336	48	40	rate	rate	NOUN
ajfa-4336	48	41	of	of	ADP
ajfa-4336	48	42	pledge	pledge	NOUN
ajfa-4336	48	43	shares	share	NOUN
ajfa-4336	48	44	of	of	ADP
ajfa-4336	48	45	directors	director	NOUN
ajfa-4336	48	46	’	'	PUNCT
ajfa-4336	48	47	and	and	CCONJ
ajfa-4336	48	48	supervisors	supervisor	NOUN
ajfa-4336	48	49	’	'	PUNCT
ajfa-4336	48	50	.	.	PUNCT
ajfa-4336	49	1	we	we	PRON
ajfa-4336	49	2	discover	discover	VERB
ajfa-4336	49	3	that	that	SCONJ
ajfa-4336	49	4	after	after	SCONJ
ajfa-4336	49	5	the	the	DET
ajfa-4336	49	6	sample	sample	NOUN
ajfa-4336	49	7	been	be	AUX
ajfa-4336	49	8	issued	issue	VERB
ajfa-4336	49	9	with	with	ADP
ajfa-4336	49	10	an	an	DET
ajfa-4336	49	11	igco	igco	NOUN
ajfa-4336	49	12	,	,	PUNCT
ajfa-4336	49	13	its	its	PRON
ajfa-4336	49	14	delisting	delist	VERB
ajfa-4336	49	15	risk	risk	NOUN
ajfa-4336	49	16	rises	rise	VERB
ajfa-4336	49	17	continuously	continuously	ADV
ajfa-4336	49	18	and	and	CCONJ
ajfa-4336	49	19	reaches	reach	VERB
ajfa-4336	49	20	its	its	PRON
ajfa-4336	49	21	peak	peak	NOUN
ajfa-4336	49	22	at	at	ADP
ajfa-4336	49	23	the	the	DET
ajfa-4336	49	24	38th	38th	ADJ
ajfa-4336	49	25	quarter	quarter	NOUN
ajfa-4336	49	26	and	and	CCONJ
ajfa-4336	49	27	then	then	ADV
ajfa-4336	49	28	declines	decline	VERB
ajfa-4336	49	29	rapidly	rapidly	ADV
ajfa-4336	49	30	.	.	PUNCT
ajfa-4336	50	1	thus	thus	ADV
ajfa-4336	50	2	we	we	PRON
ajfa-4336	50	3	conclude	conclude	VERB
ajfa-4336	50	4	that	that	SCONJ
ajfa-4336	50	5	taiwan	taiwan	PROPN
ajfa-4336	50	6	public	public	ADJ
ajfa-4336	50	7	firms	firm	NOUN
ajfa-4336	50	8	have	have	VERB
ajfa-4336	50	9	a	a	DET
ajfa-4336	50	10	nine	nine	NUM
ajfa-4336	50	11	-	-	PUNCT
ajfa-4336	50	12	year	year	NOUN
ajfa-4336	50	13	delisting	delist	VERB
ajfa-4336	50	14	hazard	hazard	NOUN
ajfa-4336	50	15	period	period	NOUN
ajfa-4336	50	16	after	after	ADP
ajfa-4336	50	17	the	the	DET
ajfa-4336	50	18	disclosure	disclosure	NOUN
ajfa-4336	50	19	of	of	ADP
ajfa-4336	50	20	an	an	DET
ajfa-4336	50	21	igco	igco	NOUN
ajfa-4336	50	22	.	.	PUNCT
ajfa-4336	51	1	asian	asian	ADJ
ajfa-4336	51	2	journal	journal	PROPN
ajfa-4336	51	3	of	of	ADP
ajfa-4336	51	4	finance	finance	PROPN
ajfa-4336	51	5	&	&	CCONJ
ajfa-4336	51	6	accounting	accounting	PROPN
ajfa-4336	51	7	issn	issn	PROPN
ajfa-4336	51	8	1946	1946	NUM
ajfa-4336	51	9	-	-	PUNCT
ajfa-4336	51	10	052x	052x	NOUN
ajfa-4336	51	11	2013	2013	NUM
ajfa-4336	51	12	,	,	PUNCT
ajfa-4336	51	13	vol	vol	NOUN
ajfa-4336	51	14	.	.	PROPN
ajfa-4336	51	15	5	5	NUM
ajfa-4336	51	16	,	,	PUNCT
ajfa-4336	51	17	no	no	INTJ
ajfa-4336	51	18	.	.	NOUN
ajfa-4336	51	19	2	2	NUM
ajfa-4336	51	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4336	51	21	142	142	NUM
ajfa-4336	51	22	in	in	ADP
ajfa-4336	51	23	addition	addition	NOUN
ajfa-4336	51	24	to	to	ADP
ajfa-4336	51	25	the	the	DET
ajfa-4336	51	26	above	above	ADJ
ajfa-4336	51	27	introduction	introduction	NOUN
ajfa-4336	51	28	,	,	PUNCT
ajfa-4336	51	29	the	the	DET
ajfa-4336	51	30	second	second	ADJ
ajfa-4336	51	31	section	section	NOUN
ajfa-4336	51	32	is	be	AUX
ajfa-4336	51	33	literature	literature	NOUN
ajfa-4336	51	34	review	review	NOUN
ajfa-4336	51	35	and	and	CCONJ
ajfa-4336	51	36	the	the	DET
ajfa-4336	51	37	third	third	ADJ
ajfa-4336	51	38	section	section	NOUN
ajfa-4336	51	39	explains	explain	VERB
ajfa-4336	51	40	the	the	DET
ajfa-4336	51	41	design	design	NOUN
ajfa-4336	51	42	for	for	ADP
ajfa-4336	51	43	econometric	econometric	ADJ
ajfa-4336	51	44	models	model	NOUN
ajfa-4336	51	45	.	.	PUNCT
ajfa-4336	52	1	the	the	DET
ajfa-4336	52	2	fourth	fourth	ADJ
ajfa-4336	52	3	section	section	NOUN
ajfa-4336	52	4	describes	describe	VERB
ajfa-4336	52	5	the	the	DET
ajfa-4336	52	6	sample	sample	NOUN
ajfa-4336	52	7	and	and	CCONJ
ajfa-4336	52	8	data	datum	NOUN
ajfa-4336	52	9	statistics	statistic	NOUN
ajfa-4336	52	10	,	,	PUNCT
ajfa-4336	52	11	with	with	ADP
ajfa-4336	52	12	the	the	DET
ajfa-4336	52	13	fifth	fifth	ADJ
ajfa-4336	52	14	section	section	NOUN
ajfa-4336	52	15	concluding	conclude	VERB
ajfa-4336	52	16	our	our	PRON
ajfa-4336	52	17	findings	finding	NOUN
ajfa-4336	52	18	.	.	PUNCT
ajfa-4336	53	1	2	2	X
ajfa-4336	53	2	.	.	X
ajfa-4336	53	3	literature	literature	NOUN
ajfa-4336	53	4	review	review	VERB
ajfa-4336	53	5	this	this	DET
ajfa-4336	53	6	section	section	NOUN
ajfa-4336	53	7	aims	aim	VERB
ajfa-4336	53	8	at	at	ADP
ajfa-4336	53	9	improving	improve	VERB
ajfa-4336	53	10	previous	previous	ADJ
ajfa-4336	53	11	financial	financial	ADJ
ajfa-4336	53	12	crisis	crisis	NOUN
ajfa-4336	53	13	studies	study	NOUN
ajfa-4336	53	14	which	which	PRON
ajfa-4336	53	15	ignore	ignore	VERB
ajfa-4336	53	16	timing	timing	NOUN
ajfa-4336	53	17	factor	factor	NOUN
ajfa-4336	53	18	and	and	CCONJ
ajfa-4336	53	19	by	by	ADP
ajfa-4336	53	20	employing	employ	VERB
ajfa-4336	53	21	the	the	DET
ajfa-4336	53	22	survival	survival	NOUN
ajfa-4336	53	23	analysis	analysis	NOUN
ajfa-4336	53	24	model	model	NOUN
ajfa-4336	53	25	,	,	PUNCT
ajfa-4336	53	26	timing	timing	NOUN
ajfa-4336	53	27	factor	factor	NOUN
ajfa-4336	53	28	is	be	AUX
ajfa-4336	53	29	incorporated	incorporate	VERB
ajfa-4336	53	30	with	with	ADP
ajfa-4336	53	31	two	two	NUM
ajfa-4336	53	32	research	research	NOUN
ajfa-4336	53	33	topics	topic	NOUN
ajfa-4336	53	34	into	into	ADP
ajfa-4336	53	35	our	our	PRON
ajfa-4336	53	36	study	study	NOUN
ajfa-4336	53	37	.	.	PUNCT
ajfa-4336	54	1	in	in	ADP
ajfa-4336	54	2	addition	addition	NOUN
ajfa-4336	54	3	,	,	PUNCT
ajfa-4336	54	4	we	we	PRON
ajfa-4336	54	5	also	also	ADV
ajfa-4336	54	6	discuss	discuss	VERB
ajfa-4336	54	7	the	the	DET
ajfa-4336	54	8	application	application	NOUN
ajfa-4336	54	9	of	of	ADP
ajfa-4336	54	10	survival	survival	NOUN
ajfa-4336	54	11	analysis	analysis	NOUN
ajfa-4336	54	12	in	in	ADP
ajfa-4336	54	13	the	the	DET
ajfa-4336	54	14	empirical	empirical	ADJ
ajfa-4336	54	15	studies	study	NOUN
ajfa-4336	54	16	focusing	focus	VERB
ajfa-4336	54	17	on	on	ADP
ajfa-4336	54	18	the	the	DET
ajfa-4336	54	19	industry	industry	NOUN
ajfa-4336	54	20	and	and	CCONJ
ajfa-4336	54	21	financial	financial	ADJ
ajfa-4336	54	22	structure	structure	NOUN
ajfa-4336	54	23	.	.	PUNCT
ajfa-4336	55	1	the	the	DET
ajfa-4336	55	2	first	first	ADJ
ajfa-4336	55	3	research	research	NOUN
ajfa-4336	55	4	topic	topic	NOUN
ajfa-4336	55	5	is	be	AUX
ajfa-4336	55	6	the	the	DET
ajfa-4336	55	7	comparison	comparison	NOUN
ajfa-4336	55	8	of	of	ADP
ajfa-4336	55	9	prediction	prediction	NOUN
ajfa-4336	55	10	accuracy	accuracy	NOUN
ajfa-4336	55	11	for	for	ADP
ajfa-4336	55	12	corporate	corporate	ADJ
ajfa-4336	55	13	bankruptcy	bankruptcy	NOUN
ajfa-4336	55	14	between	between	ADP
ajfa-4336	55	15	audit	audit	NOUN
ajfa-4336	55	16	opinions	opinion	NOUN
ajfa-4336	55	17	and	and	CCONJ
ajfa-4336	55	18	statistical	statistical	ADJ
ajfa-4336	55	19	forecasting	forecasting	NOUN
ajfa-4336	55	20	models	model	NOUN
ajfa-4336	55	21	.	.	PUNCT
ajfa-4336	56	1	when	when	SCONJ
ajfa-4336	56	2	corporate	corporate	ADJ
ajfa-4336	56	3	continuous	continuous	ADJ
ajfa-4336	56	4	operation	operation	NOUN
ajfa-4336	56	5	is	be	AUX
ajfa-4336	56	6	doubtful	doubtful	ADJ
ajfa-4336	56	7	,	,	PUNCT
ajfa-4336	56	8	auditors	auditor	NOUN
ajfa-4336	56	9	issue	issue	VERB
ajfa-4336	56	10	their	their	PRON
ajfa-4336	56	11	going	go	VERB
ajfa-4336	56	12	-	-	PUNCT
ajfa-4336	56	13	concern	concern	NOUN
ajfa-4336	56	14	opinions	opinion	NOUN
ajfa-4336	56	15	to	to	PART
ajfa-4336	56	16	caution	caution	VERB
ajfa-4336	56	17	public	public	ADJ
ajfa-4336	56	18	investors	investor	NOUN
ajfa-4336	56	19	but	but	CCONJ
ajfa-4336	56	20	not	not	PART
ajfa-4336	56	21	to	to	PART
ajfa-4336	56	22	predict	predict	VERB
ajfa-4336	56	23	bankruptcy	bankruptcy	NOUN
ajfa-4336	56	24	.	.	PUNCT
ajfa-4336	57	1	however	however	ADV
ajfa-4336	57	2	,	,	PUNCT
ajfa-4336	57	3	users	user	NOUN
ajfa-4336	57	4	of	of	ADP
ajfa-4336	57	5	financial	financial	ADJ
ajfa-4336	57	6	statements	statement	NOUN
ajfa-4336	57	7	still	still	ADV
ajfa-4336	57	8	consider	consider	VERB
ajfa-4336	57	9	the	the	DET
ajfa-4336	57	10	opinions	opinion	NOUN
ajfa-4336	57	11	as	as	ADP
ajfa-4336	57	12	an	an	DET
ajfa-4336	57	13	early	early	ADJ
ajfa-4336	57	14	warning	warning	NOUN
ajfa-4336	57	15	for	for	ADP
ajfa-4336	57	16	business	business	NOUN
ajfa-4336	57	17	failure	failure	NOUN
ajfa-4336	57	18	and	and	CCONJ
ajfa-4336	57	19	regard	regard	VERB
ajfa-4336	57	20	a	a	DET
ajfa-4336	57	21	modified	modified	ADJ
ajfa-4336	57	22	opinion	opinion	NOUN
ajfa-4336	57	23	as	as	ADP
ajfa-4336	57	24	a	a	DET
ajfa-4336	57	25	financial	financial	ADJ
ajfa-4336	57	26	checkup	checkup	NOUN
ajfa-4336	57	27	point	point	NOUN
ajfa-4336	57	28	(	(	PUNCT
ajfa-4336	57	29	casterlla	casterlla	PROPN
ajfa-4336	57	30	et	et	PROPN
ajfa-4336	57	31	al	al	PROPN
ajfa-4336	57	32	.	.	PROPN
ajfa-4336	57	33	,	,	PUNCT
ajfa-4336	57	34	2002	2002	NUM
ajfa-4336	57	35	)	)	PUNCT
ajfa-4336	57	36	.	.	PUNCT
ajfa-4336	58	1	a	a	DET
ajfa-4336	58	2	study	study	NOUN
ajfa-4336	58	3	of	of	ADP
ajfa-4336	58	4	altman	altman	PROPN
ajfa-4336	58	5	and	and	CCONJ
ajfa-4336	58	6	mcgough	mcgough	PROPN
ajfa-4336	58	7	(	(	PUNCT
ajfa-4336	58	8	1974	1974	NUM
ajfa-4336	58	9	)	)	PUNCT
ajfa-4336	58	10	first	first	ADV
ajfa-4336	58	11	connects	connect	VERB
ajfa-4336	58	12	audit	audit	NOUN
ajfa-4336	58	13	opinion	opinion	NOUN
ajfa-4336	58	14	of	of	ADP
ajfa-4336	58	15	going	go	VERB
ajfa-4336	58	16	-	-	PUNCT
ajfa-4336	58	17	concern	concern	NOUN
ajfa-4336	58	18	quality	quality	NOUN
ajfa-4336	58	19	with	with	ADP
ajfa-4336	58	20	bankruptcy	bankruptcy	NOUN
ajfa-4336	58	21	prediction	prediction	NOUN
ajfa-4336	58	22	.	.	PUNCT
ajfa-4336	59	1	they	they	PRON
ajfa-4336	59	2	collect	collect	VERB
ajfa-4336	59	3	a	a	DET
ajfa-4336	59	4	sample	sample	NOUN
ajfa-4336	59	5	of	of	ADP
ajfa-4336	59	6	34	34	NUM
ajfa-4336	59	7	firms	firm	NOUN
ajfa-4336	59	8	one	one	NUM
ajfa-4336	59	9	year	year	NOUN
ajfa-4336	59	10	before	before	ADP
ajfa-4336	59	11	bankruptcy	bankruptcy	NOUN
ajfa-4336	59	12	during	during	ADP
ajfa-4336	59	13	the	the	DET
ajfa-4336	59	14	years	year	NOUN
ajfa-4336	59	15	of	of	ADP
ajfa-4336	59	16	1970	1970	NUM
ajfa-4336	59	17	to	to	ADP
ajfa-4336	59	18	1973	1973	NUM
ajfa-4336	59	19	and	and	CCONJ
ajfa-4336	59	20	employ	employ	VERB
ajfa-4336	59	21	a	a	DET
ajfa-4336	59	22	z	z	NOUN
ajfa-4336	59	23	-	-	PUNCT
ajfa-4336	59	24	score	score	NOUN
ajfa-4336	59	25	statistical	statistical	ADJ
ajfa-4336	59	26	forecasting	forecasting	NOUN
ajfa-4336	59	27	model	model	NOUN
ajfa-4336	59	28	(	(	PUNCT
ajfa-4336	59	29	altman	altman	PROPN
ajfa-4336	59	30	,	,	PUNCT
ajfa-4336	59	31	1968	1968	NUM
ajfa-4336	59	32	)	)	PUNCT
ajfa-4336	59	33	to	to	PART
ajfa-4336	59	34	compare	compare	VERB
ajfa-4336	59	35	accuracy	accuracy	NOUN
ajfa-4336	59	36	in	in	ADP
ajfa-4336	59	37	bankruptcy	bankruptcy	NOUN
ajfa-4336	59	38	prediction	prediction	NOUN
ajfa-4336	59	39	based	base	VERB
ajfa-4336	59	40	on	on	ADP
ajfa-4336	59	41	audit	audit	NOUN
ajfa-4336	59	42	going	go	VERB
ajfa-4336	59	43	-	-	PUNCT
ajfa-4336	59	44	concern	concern	NOUN
ajfa-4336	59	45	opinions	opinion	NOUN
ajfa-4336	59	46	.	.	PUNCT
ajfa-4336	60	1	their	their	PRON
ajfa-4336	60	2	study	study	NOUN
ajfa-4336	60	3	finds	find	VERB
ajfa-4336	60	4	that	that	SCONJ
ajfa-4336	60	5	the	the	DET
ajfa-4336	60	6	statistical	statistical	ADJ
ajfa-4336	60	7	forecasting	forecasting	NOUN
ajfa-4336	60	8	model	model	NOUN
ajfa-4336	60	9	has	have	VERB
ajfa-4336	60	10	an	an	DET
ajfa-4336	60	11	accuracy	accuracy	NOUN
ajfa-4336	60	12	rate	rate	NOUN
ajfa-4336	60	13	of	of	ADP
ajfa-4336	60	14	82	82	NUM
ajfa-4336	60	15	%	%	NOUN
ajfa-4336	60	16	,	,	PUNCT
ajfa-4336	60	17	almost	almost	ADV
ajfa-4336	60	18	doubling	double	VERB
ajfa-4336	60	19	the	the	DET
ajfa-4336	60	20	audit	audit	NOUN
ajfa-4336	60	21	opinions	opinion	NOUN
ajfa-4336	60	22	’	'	PUNCT
ajfa-4336	60	23	.	.	PUNCT
ajfa-4336	61	1	thus	thus	ADV
ajfa-4336	61	2	they	they	PRON
ajfa-4336	61	3	suggest	suggest	VERB
ajfa-4336	61	4	auditors	auditor	NOUN
ajfa-4336	61	5	to	to	PART
ajfa-4336	61	6	apply	apply	VERB
ajfa-4336	61	7	statistical	statistical	ADJ
ajfa-4336	61	8	models	model	NOUN
ajfa-4336	61	9	to	to	PART
ajfa-4336	61	10	improve	improve	VERB
ajfa-4336	61	11	accuracy	accuracy	NOUN
ajfa-4336	61	12	in	in	ADP
ajfa-4336	61	13	their	their	PRON
ajfa-4336	61	14	opinions	opinion	NOUN
ajfa-4336	61	15	.	.	PUNCT
ajfa-4336	62	1	other	other	ADJ
ajfa-4336	62	2	related	related	ADJ
ajfa-4336	62	3	studies	study	NOUN
ajfa-4336	62	4	also	also	ADV
ajfa-4336	62	5	have	have	VERB
ajfa-4336	62	6	similar	similar	ADJ
ajfa-4336	62	7	findings	finding	NOUN
ajfa-4336	62	8	that	that	SCONJ
ajfa-4336	62	9	statistical	statistical	ADJ
ajfa-4336	62	10	forecasting	forecasting	NOUN
ajfa-4336	62	11	models	model	NOUN
ajfa-4336	62	12	are	be	AUX
ajfa-4336	62	13	superior	superior	ADJ
ajfa-4336	62	14	than	than	ADP
ajfa-4336	62	15	those	those	PRON
ajfa-4336	62	16	of	of	ADP
ajfa-4336	62	17	audit	audit	NOUN
ajfa-4336	62	18	opinions	opinion	NOUN
ajfa-4336	62	19	in	in	ADP
ajfa-4336	62	20	bankruptcy	bankruptcy	NOUN
ajfa-4336	62	21	prediction	prediction	NOUN
ajfa-4336	62	22	(	(	PUNCT
ajfa-4336	62	23	altman	altman	NOUN
ajfa-4336	62	24	,	,	PUNCT
ajfa-4336	62	25	1982	1982	NUM
ajfa-4336	62	26	;	;	PUNCT
ajfa-4336	62	27	koh	koh	PROPN
ajfa-4336	62	28	,	,	PUNCT
ajfa-4336	62	29	1991	1991	NUM
ajfa-4336	62	30	;	;	PUNCT
ajfa-4336	62	31	koh	koh	PROPN
ajfa-4336	62	32	and	and	CCONJ
ajfa-4336	62	33	killough	killough	PROPN
ajfa-4336	62	34	,	,	PUNCT
ajfa-4336	62	35	1990	1990	NUM
ajfa-4336	62	36	;	;	PUNCT
ajfa-4336	62	37	levitan	levitan	ADJ
ajfa-4336	62	38	and	and	CCONJ
ajfa-4336	62	39	knoblett	knoblett	NOUN
ajfa-4336	62	40	,	,	PUNCT
ajfa-4336	62	41	1985	1985	NUM
ajfa-4336	62	42	)	)	PUNCT
ajfa-4336	62	43	.	.	PUNCT
ajfa-4336	63	1	besides	besides	SCONJ
ajfa-4336	63	2	,	,	PUNCT
ajfa-4336	63	3	a	a	DET
ajfa-4336	63	4	report	report	NOUN
ajfa-4336	63	5	by	by	ADP
ajfa-4336	63	6	the	the	DET
ajfa-4336	63	7	cohen	cohen	PROPN
ajfa-4336	63	8	commission	commission	PROPN
ajfa-4336	63	9	(	(	PUNCT
ajfa-4336	63	10	aicpa	aicpa	PROPN
ajfa-4336	63	11	,	,	PUNCT
ajfa-4336	63	12	1978	1978	NUM
ajfa-4336	63	13	)	)	PUNCT
ajfa-4336	63	14	also	also	ADV
ajfa-4336	63	15	concerns	concern	VERB
ajfa-4336	63	16	the	the	DET
ajfa-4336	63	17	issue	issue	NOUN
ajfa-4336	63	18	and	and	CCONJ
ajfa-4336	63	19	international	international	PROPN
ajfa-4336	63	20	federation	federation	PROPN
ajfa-4336	63	21	of	of	ADP
ajfa-4336	63	22	accountants	accountant	NOUN
ajfa-4336	63	23	(	(	PUNCT
ajfa-4336	63	24	1989	1989	NUM
ajfa-4336	63	25	)	)	PUNCT
ajfa-4336	63	26	even	even	ADV
ajfa-4336	63	27	requires	require	VERB
ajfa-4336	63	28	more	more	ADJ
ajfa-4336	63	29	auditors	auditor	NOUN
ajfa-4336	63	30	’	’	PART
ajfa-4336	63	31	attention	attention	NOUN
ajfa-4336	63	32	when	when	SCONJ
ajfa-4336	63	33	issuing	issue	VERB
ajfa-4336	63	34	going	go	VERB
ajfa-4336	63	35	-	-	PUNCT
ajfa-4336	63	36	concern	concern	NOUN
ajfa-4336	63	37	opinions	opinion	NOUN
ajfa-4336	63	38	.	.	PUNCT
ajfa-4336	64	1	although	although	SCONJ
ajfa-4336	64	2	these	these	DET
ajfa-4336	64	3	suggestions	suggestion	NOUN
ajfa-4336	64	4	cast	cast	VERB
ajfa-4336	64	5	a	a	DET
ajfa-4336	64	6	reasonable	reasonable	ADJ
ajfa-4336	64	7	doubt	doubt	NOUN
ajfa-4336	64	8	on	on	ADP
ajfa-4336	64	9	audit	audit	NOUN
ajfa-4336	64	10	opinions	opinion	NOUN
ajfa-4336	64	11	,	,	PUNCT
ajfa-4336	64	12	they	they	PRON
ajfa-4336	64	13	also	also	ADV
ajfa-4336	64	14	provide	provide	VERB
ajfa-4336	64	15	an	an	DET
ajfa-4336	64	16	objective	objective	ADJ
ajfa-4336	64	17	auxiliary	auxiliary	ADJ
ajfa-4336	64	18	tool	tool	NOUN
ajfa-4336	64	19	for	for	SCONJ
ajfa-4336	64	20	auditors	auditor	NOUN
ajfa-4336	64	21	to	to	PART
ajfa-4336	64	22	apply	apply	VERB
ajfa-4336	64	23	.	.	PUNCT
ajfa-4336	65	1	studies	study	NOUN
ajfa-4336	65	2	in	in	ADP
ajfa-4336	65	3	bankruptcy	bankruptcy	NOUN
ajfa-4336	65	4	prediction	prediction	NOUN
ajfa-4336	65	5	models	model	NOUN
ajfa-4336	65	6	are	be	AUX
ajfa-4336	65	7	developed	develop	VERB
ajfa-4336	65	8	from	from	ADP
ajfa-4336	65	9	the	the	DET
ajfa-4336	65	10	univariate	univariate	NOUN
ajfa-4336	65	11	to	to	ADP
ajfa-4336	65	12	multivariate	multivariate	NOUN
ajfa-4336	65	13	models	model	NOUN
ajfa-4336	65	14	,	,	PUNCT
ajfa-4336	65	15	most	most	ADJ
ajfa-4336	65	16	of	of	ADP
ajfa-4336	65	17	which	which	PRON
ajfa-4336	65	18	have	have	AUX
ajfa-4336	65	19	reviewed	review	VERB
ajfa-4336	65	20	and	and	CCONJ
ajfa-4336	65	21	based	base	VERB
ajfa-4336	65	22	their	their	PRON
ajfa-4336	65	23	methods	method	NOUN
ajfa-4336	65	24	from	from	ADP
ajfa-4336	65	25	altman	altman	PROPN
ajfa-4336	65	26	(	(	PUNCT
ajfa-4336	65	27	1968	1968	NUM
ajfa-4336	65	28	)	)	PUNCT
ajfa-4336	65	29	,	,	PUNCT
ajfa-4336	65	30	deakin	deakin	PROPN
ajfa-4336	65	31	(	(	PUNCT
ajfa-4336	65	32	1972	1972	NUM
ajfa-4336	65	33	)	)	PUNCT
ajfa-4336	65	34	,	,	PUNCT
ajfa-4336	65	35	and	and	CCONJ
ajfa-4336	65	36	ohlson	ohlson	NOUN
ajfa-4336	65	37	(	(	PUNCT
ajfa-4336	65	38	1980	1980	NUM
ajfa-4336	65	39	)	)	PUNCT
ajfa-4336	65	40	.	.	PUNCT
ajfa-4336	66	1	zavgren	zavgren	PROPN
ajfa-4336	66	2	(	(	PUNCT
ajfa-4336	66	3	1983	1983	NUM
ajfa-4336	66	4	)	)	PUNCT
ajfa-4336	66	5	and	and	CCONJ
ajfa-4336	66	6	jones	jones	PROPN
ajfa-4336	66	7	(	(	PUNCT
ajfa-4336	66	8	1980	1980	NUM
ajfa-4336	66	9	)	)	PUNCT
ajfa-4336	66	10	provide	provide	VERB
ajfa-4336	66	11	auditors	auditor	NOUN
ajfa-4336	66	12	with	with	ADP
ajfa-4336	66	13	bankruptcy	bankruptcy	NOUN
ajfa-4336	66	14	models	model	NOUN
ajfa-4336	66	15	as	as	ADP
ajfa-4336	66	16	a	a	DET
ajfa-4336	66	17	professional	professional	ADJ
ajfa-4336	66	18	reference	reference	NOUN
ajfa-4336	66	19	.	.	PUNCT
ajfa-4336	67	1	their	their	PRON
ajfa-4336	67	2	models	model	NOUN
ajfa-4336	67	3	are	be	AUX
ajfa-4336	67	4	a	a	DET
ajfa-4336	67	5	binary	binary	ADJ
ajfa-4336	67	6	choice	choice	NOUN
ajfa-4336	67	7	model	model	NOUN
ajfa-4336	67	8	in	in	ADP
ajfa-4336	67	9	which	which	PRON
ajfa-4336	67	10	only	only	ADV
ajfa-4336	67	11	accuracy	accuracy	NOUN
ajfa-4336	67	12	but	but	CCONJ
ajfa-4336	67	13	not	not	PART
ajfa-4336	67	14	bankruptcy	bankruptcy	NOUN
ajfa-4336	67	15	probability	probability	NOUN
ajfa-4336	67	16	is	be	AUX
ajfa-4336	67	17	provided	provide	VERB
ajfa-4336	67	18	.	.	PUNCT
ajfa-4336	68	1	unfortunately	unfortunately	ADV
ajfa-4336	68	2	,	,	PUNCT
ajfa-4336	68	3	users	user	NOUN
ajfa-4336	68	4	of	of	ADP
ajfa-4336	68	5	financial	financial	ADJ
ajfa-4336	68	6	statements	statement	NOUN
ajfa-4336	68	7	also	also	ADV
ajfa-4336	68	8	concern	concern	VERB
ajfa-4336	68	9	the	the	DET
ajfa-4336	68	10	occurring	occur	VERB
ajfa-4336	68	11	time	time	NOUN
ajfa-4336	68	12	for	for	ADP
ajfa-4336	68	13	bankruptcy	bankruptcy	NOUN
ajfa-4336	68	14	in	in	ADP
ajfa-4336	68	15	addition	addition	NOUN
ajfa-4336	68	16	to	to	ADP
ajfa-4336	68	17	its	its	PRON
ajfa-4336	68	18	probability	probability	NOUN
ajfa-4336	68	19	.	.	PUNCT
ajfa-4336	69	1	during	during	ADP
ajfa-4336	69	2	the	the	DET
ajfa-4336	69	3	survival	survival	NOUN
ajfa-4336	69	4	period	period	NOUN
ajfa-4336	69	5	after	after	ADP
ajfa-4336	69	6	an	an	DET
ajfa-4336	69	7	igco	igco	NOUN
ajfa-4336	69	8	issued	issue	VERB
ajfa-4336	69	9	,	,	PUNCT
ajfa-4336	69	10	users	user	NOUN
ajfa-4336	69	11	must	must	AUX
ajfa-4336	69	12	evaluate	evaluate	VERB
ajfa-4336	69	13	associate	associate	ADJ
ajfa-4336	69	14	risk	risk	NOUN
ajfa-4336	69	15	and	and	CCONJ
ajfa-4336	69	16	probability	probability	NOUN
ajfa-4336	69	17	of	of	ADP
ajfa-4336	69	18	bankruptcy	bankruptcy	NOUN
ajfa-4336	69	19	at	at	ADP
ajfa-4336	69	20	various	various	ADJ
ajfa-4336	69	21	times	time	NOUN
ajfa-4336	69	22	in	in	ADP
ajfa-4336	69	23	searching	search	VERB
ajfa-4336	69	24	for	for	ADP
ajfa-4336	69	25	earlier	early	ADJ
ajfa-4336	69	26	strategies	strategy	NOUN
ajfa-4336	69	27	.	.	PUNCT
ajfa-4336	70	1	however	however	ADV
ajfa-4336	70	2	,	,	PUNCT
ajfa-4336	70	3	the	the	DET
ajfa-4336	70	4	binary	binary	ADJ
ajfa-4336	70	5	choice	choice	NOUN
ajfa-4336	70	6	model	model	NOUN
ajfa-4336	70	7	does	do	AUX
ajfa-4336	70	8	not	not	PART
ajfa-4336	70	9	discuss	discuss	VERB
ajfa-4336	70	10	the	the	DET
ajfa-4336	70	11	survival	survival	NOUN
ajfa-4336	70	12	period	period	NOUN
ajfa-4336	70	13	and	and	CCONJ
ajfa-4336	70	14	the	the	DET
ajfa-4336	70	15	time	time	NOUN
ajfa-4336	70	16	process	process	NOUN
ajfa-4336	70	17	for	for	ADP
ajfa-4336	70	18	business	business	NOUN
ajfa-4336	70	19	failure	failure	NOUN
ajfa-4336	70	20	or	or	CCONJ
ajfa-4336	70	21	delisting	delisting	NOUN
ajfa-4336	70	22	,	,	PUNCT
ajfa-4336	70	23	and	and	CCONJ
ajfa-4336	70	24	thus	thus	ADV
ajfa-4336	70	25	has	have	AUX
ajfa-4336	70	26	lowered	lower	VERB
ajfa-4336	70	27	opportunities	opportunity	NOUN
ajfa-4336	70	28	for	for	ADP
ajfa-4336	70	29	early	early	ADJ
ajfa-4336	70	30	preventions	prevention	NOUN
ajfa-4336	70	31	and	and	CCONJ
ajfa-4336	70	32	treatments	treatment	NOUN
ajfa-4336	70	33	.	.	PUNCT
ajfa-4336	71	1	therefore	therefore	ADV
ajfa-4336	71	2	,	,	PUNCT
ajfa-4336	71	3	understanding	understand	VERB
ajfa-4336	71	4	the	the	DET
ajfa-4336	71	5	changing	change	VERB
ajfa-4336	71	6	process	process	NOUN
ajfa-4336	71	7	during	during	ADP
ajfa-4336	71	8	survival	survival	NOUN
ajfa-4336	71	9	period	period	NOUN
ajfa-4336	71	10	is	be	AUX
ajfa-4336	71	11	meaningful	meaningful	ADJ
ajfa-4336	71	12	in	in	ADP
ajfa-4336	71	13	actual	actual	ADJ
ajfa-4336	71	14	business	business	NOUN
ajfa-4336	71	15	practices	practice	NOUN
ajfa-4336	71	16	when	when	SCONJ
ajfa-4336	71	17	firms	firm	NOUN
ajfa-4336	71	18	are	be	AUX
ajfa-4336	71	19	in	in	ADP
ajfa-4336	71	20	financial	financial	ADJ
ajfa-4336	71	21	and	and	CCONJ
ajfa-4336	71	22	delisting	delist	VERB
ajfa-4336	71	23	crisis	crisis	NOUN
ajfa-4336	71	24	.	.	PUNCT
ajfa-4336	72	1	the	the	DET
ajfa-4336	72	2	second	second	ADJ
ajfa-4336	72	3	research	research	NOUN
ajfa-4336	72	4	topic	topic	NOUN
ajfa-4336	72	5	is	be	AUX
ajfa-4336	72	6	an	an	DET
ajfa-4336	72	7	investigation	investigation	NOUN
ajfa-4336	72	8	about	about	ADP
ajfa-4336	72	9	the	the	DET
ajfa-4336	72	10	existence	existence	NOUN
ajfa-4336	72	11	of	of	ADP
ajfa-4336	72	12	self	self	NOUN
ajfa-4336	72	13	-	-	PUNCT
ajfa-4336	72	14	fulfilling	fulfil	VERB
ajfa-4336	72	15	prophecy	prophecy	NOUN
ajfa-4336	72	16	.	.	PUNCT
ajfa-4336	73	1	after	after	SCONJ
ajfa-4336	73	2	an	an	DET
ajfa-4336	73	3	igco	igco	NOUN
ajfa-4336	73	4	is	be	AUX
ajfa-4336	73	5	issued	issue	VERB
ajfa-4336	73	6	,	,	PUNCT
ajfa-4336	73	7	if	if	SCONJ
ajfa-4336	73	8	bankruptcy	bankruptcy	NOUN
ajfa-4336	73	9	probability	probability	NOUN
ajfa-4336	73	10	increases	increase	VERB
ajfa-4336	73	11	within	within	ADP
ajfa-4336	73	12	one	one	NUM
ajfa-4336	73	13	or	or	CCONJ
ajfa-4336	73	14	two	two	NUM
ajfa-4336	73	15	years	year	NOUN
ajfa-4336	73	16	,	,	PUNCT
ajfa-4336	73	17	the	the	DET
ajfa-4336	73	18	asian	asian	ADJ
ajfa-4336	73	19	journal	journal	NOUN
ajfa-4336	73	20	of	of	ADP
ajfa-4336	73	21	finance	finance	PROPN
ajfa-4336	73	22	&	&	CCONJ
ajfa-4336	73	23	accounting	accounting	PROPN
ajfa-4336	73	24	issn	issn	PROPN
ajfa-4336	73	25	1946	1946	NUM
ajfa-4336	73	26	-	-	PUNCT
ajfa-4336	73	27	052x	052x	NOUN
ajfa-4336	73	28	2013	2013	NUM
ajfa-4336	73	29	,	,	PUNCT
ajfa-4336	73	30	vol	vol	NOUN
ajfa-4336	73	31	.	.	PROPN
ajfa-4336	74	1	5	5	NUM
ajfa-4336	74	2	,	,	PUNCT
ajfa-4336	74	3	no	no	INTJ
ajfa-4336	74	4	.	.	NOUN
ajfa-4336	74	5	2	2	NUM
ajfa-4336	74	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4336	74	7	143	143	NUM
ajfa-4336	74	8	effect	effect	NOUN
ajfa-4336	74	9	of	of	ADP
ajfa-4336	74	10	self	self	NOUN
ajfa-4336	74	11	-	-	PUNCT
ajfa-4336	74	12	fulfilling	fulfil	VERB
ajfa-4336	74	13	prophecy	prophecy	NOUN
ajfa-4336	74	14	may	may	AUX
ajfa-4336	74	15	exist	exist	VERB
ajfa-4336	74	16	.	.	PUNCT
ajfa-4336	75	1	louwers	louwer	NOUN
ajfa-4336	75	2	(	(	PUNCT
ajfa-4336	75	3	1999	1999	NUM
ajfa-4336	75	4	)	)	PUNCT
ajfa-4336	75	5	indicated	indicate	VERB
ajfa-4336	75	6	that	that	SCONJ
ajfa-4336	75	7	the	the	DET
ajfa-4336	75	8	igco	igco	NOUN
ajfa-4336	75	9	opinion	opinion	NOUN
ajfa-4336	75	10	accelerates	accelerate	VERB
ajfa-4336	75	11	business	business	NOUN
ajfa-4336	75	12	failure	failure	NOUN
ajfa-4336	75	13	and	and	CCONJ
ajfa-4336	75	14	thus	thus	ADV
ajfa-4336	75	15	has	have	VERB
ajfa-4336	75	16	impacts	impact	NOUN
ajfa-4336	75	17	on	on	ADP
ajfa-4336	75	18	current	current	ADJ
ajfa-4336	75	19	and	and	CCONJ
ajfa-4336	75	20	potential	potential	ADJ
ajfa-4336	75	21	investors	investor	NOUN
ajfa-4336	75	22	,	,	PUNCT
ajfa-4336	75	23	creditors	creditor	NOUN
ajfa-4336	75	24	,	,	PUNCT
ajfa-4336	75	25	suppliers	supplier	NOUN
ajfa-4336	75	26	,	,	PUNCT
ajfa-4336	75	27	and	and	CCONJ
ajfa-4336	75	28	customers	customer	NOUN
ajfa-4336	75	29	.	.	PUNCT
ajfa-4336	76	1	previous	previous	ADJ
ajfa-4336	76	2	studies	study	NOUN
ajfa-4336	76	3	test	test	VERB
ajfa-4336	76	4	the	the	DET
ajfa-4336	76	5	self	self	NOUN
ajfa-4336	76	6	-	-	PUNCT
ajfa-4336	76	7	fulfilling	fulfil	VERB
ajfa-4336	76	8	prophecy	prophecy	NOUN
ajfa-4336	76	9	by	by	ADP
ajfa-4336	76	10	the	the	DET
ajfa-4336	76	11	percentage	percentage	NOUN
ajfa-4336	76	12	approach	approach	NOUN
ajfa-4336	76	13	,	,	PUNCT
ajfa-4336	76	14	calculating	calculate	VERB
ajfa-4336	76	15	the	the	DET
ajfa-4336	76	16	ratio	ratio	NOUN
ajfa-4336	76	17	of	of	ADP
ajfa-4336	76	18	bankrupt	bankrupt	ADJ
ajfa-4336	76	19	igco	igco	NOUN
ajfa-4336	76	20	firms	firm	NOUN
ajfa-4336	76	21	to	to	ADP
ajfa-4336	76	22	the	the	DET
ajfa-4336	76	23	total	total	ADJ
ajfa-4336	76	24	igco	igco	NOUN
ajfa-4336	76	25	firms	firm	NOUN
ajfa-4336	76	26	.	.	PUNCT
ajfa-4336	77	1	for	for	ADP
ajfa-4336	77	2	example	example	NOUN
ajfa-4336	77	3	,	,	PUNCT
ajfa-4336	77	4	in	in	ADP
ajfa-4336	77	5	a	a	DET
ajfa-4336	77	6	sample	sample	NOUN
ajfa-4336	77	7	of	of	ADP
ajfa-4336	77	8	78	78	NUM
ajfa-4336	77	9	igco	igco	NOUN
ajfa-4336	77	10	australian	australian	ADJ
ajfa-4336	77	11	firms	firm	NOUN
ajfa-4336	77	12	during	during	ADP
ajfa-4336	77	13	the	the	DET
ajfa-4336	77	14	years	year	NOUN
ajfa-4336	77	15	of	of	ADP
ajfa-4336	77	16	1980	1980	NUM
ajfa-4336	77	17	to	to	ADP
ajfa-4336	77	18	1992	1992	NUM
ajfa-4336	77	19	,	,	PUNCT
ajfa-4336	77	20	psaros	psaro	NOUN
ajfa-4336	77	21	and	and	CCONJ
ajfa-4336	77	22	zhang	zhang	PROPN
ajfa-4336	77	23	(	(	PUNCT
ajfa-4336	77	24	1994	1994	NUM
ajfa-4336	77	25	)	)	PUNCT
ajfa-4336	77	26	discover	discover	VERB
ajfa-4336	77	27	that	that	SCONJ
ajfa-4336	77	28	after	after	SCONJ
ajfa-4336	77	29	the	the	DET
ajfa-4336	77	30	first	first	ADJ
ajfa-4336	77	31	or	or	CCONJ
ajfa-4336	77	32	second	second	ADJ
ajfa-4336	77	33	year	year	NOUN
ajfa-4336	77	34	of	of	ADP
ajfa-4336	77	35	igco	igco	NOUN
ajfa-4336	77	36	issued	issue	VERB
ajfa-4336	77	37	,	,	PUNCT
ajfa-4336	77	38	24	24	NUM
ajfa-4336	77	39	firms	firm	NOUN
ajfa-4336	77	40	(	(	PUNCT
ajfa-4336	77	41	37.2	37.2	NUM
ajfa-4336	77	42	%	%	NOUN
ajfa-4336	77	43	)	)	PUNCT
ajfa-4336	77	44	declares	declare	VERB
ajfa-4336	77	45	bankruptcy	bankruptcy	NOUN
ajfa-4336	77	46	.	.	PUNCT
ajfa-4336	78	1	within	within	ADP
ajfa-4336	78	2	the	the	DET
ajfa-4336	78	3	same	same	ADJ
ajfa-4336	78	4	research	research	NOUN
ajfa-4336	78	5	period	period	NOUN
ajfa-4336	78	6	,	,	PUNCT
ajfa-4336	78	7	barnes	barne	NOUN
ajfa-4336	78	8	and	and	CCONJ
ajfa-4336	78	9	hooi	hooi	NOUN
ajfa-4336	78	10	(	(	PUNCT
ajfa-4336	78	11	1987	1987	NUM
ajfa-4336	78	12	)	)	PUNCT
ajfa-4336	78	13	find	find	VERB
ajfa-4336	78	14	that	that	SCONJ
ajfa-4336	78	15	only	only	ADV
ajfa-4336	78	16	3	3	NUM
ajfa-4336	78	17	(	(	PUNCT
ajfa-4336	78	18	5.9	5.9	NUM
ajfa-4336	78	19	%	%	NOUN
ajfa-4336	78	20	)	)	PUNCT
ajfa-4336	78	21	out	out	ADP
ajfa-4336	78	22	of	of	ADP
ajfa-4336	78	23	a	a	DET
ajfa-4336	78	24	total	total	ADJ
ajfa-4336	78	25	sample	sample	NOUN
ajfa-4336	78	26	of	of	ADP
ajfa-4336	78	27	51	51	NUM
ajfa-4336	78	28	igco	igco	NOUN
ajfa-4336	78	29	firms	firm	NOUN
ajfa-4336	78	30	occur	occur	VERB
ajfa-4336	78	31	bankruptcy	bankruptcy	NOUN
ajfa-4336	78	32	within	within	ADP
ajfa-4336	78	33	two	two	NUM
ajfa-4336	78	34	years	year	NOUN
ajfa-4336	78	35	after	after	SCONJ
ajfa-4336	78	36	igco	igco	NOUN
ajfa-4336	78	37	issued	issue	VERB
ajfa-4336	78	38	.	.	PUNCT
ajfa-4336	79	1	besides	besides	SCONJ
ajfa-4336	79	2	,	,	PUNCT
ajfa-4336	79	3	altman	altman	NOUN
ajfa-4336	79	4	(	(	PUNCT
ajfa-4336	79	5	1982	1982	NUM
ajfa-4336	79	6	)	)	PUNCT
ajfa-4336	79	7	states	state	VERB
ajfa-4336	79	8	that	that	SCONJ
ajfa-4336	79	9	about	about	ADV
ajfa-4336	79	10	25	25	NUM
ajfa-4336	79	11	%	%	NOUN
ajfa-4336	79	12	igco	igco	NOUN
ajfa-4336	79	13	firms	firm	NOUN
ajfa-4336	79	14	are	be	AUX
ajfa-4336	79	15	bankrupt	bankrupt	ADJ
ajfa-4336	79	16	after	after	SCONJ
ajfa-4336	79	17	igco	igco	NOUN
ajfa-4336	79	18	issued	issue	VERB
ajfa-4336	79	19	.	.	PUNCT
ajfa-4336	80	1	in	in	ADP
ajfa-4336	80	2	conclusion	conclusion	NOUN
ajfa-4336	80	3	,	,	PUNCT
ajfa-4336	80	4	above	above	ADP
ajfa-4336	80	5	studies	study	NOUN
ajfa-4336	80	6	do	do	AUX
ajfa-4336	80	7	not	not	PART
ajfa-4336	80	8	support	support	VERB
ajfa-4336	80	9	the	the	DET
ajfa-4336	80	10	existence	existence	NOUN
ajfa-4336	80	11	of	of	ADP
ajfa-4336	80	12	self	self	NOUN
ajfa-4336	80	13	-	-	PUNCT
ajfa-4336	80	14	fulfilling	fulfil	VERB
ajfa-4336	80	15	prophecy	prophecy	NOUN
ajfa-4336	80	16	.	.	PUNCT
ajfa-4336	81	1	on	on	ADP
ajfa-4336	81	2	the	the	DET
ajfa-4336	81	3	other	other	ADJ
ajfa-4336	81	4	hand	hand	NOUN
ajfa-4336	81	5	,	,	PUNCT
ajfa-4336	81	6	in	in	ADP
ajfa-4336	81	7	a	a	DET
ajfa-4336	81	8	sample	sample	NOUN
ajfa-4336	81	9	of	of	ADP
ajfa-4336	81	10	157	157	NUM
ajfa-4336	81	11	american	american	ADJ
ajfa-4336	81	12	igco	igco	NOUN
ajfa-4336	81	13	firms	firm	NOUN
ajfa-4336	81	14	during	during	ADP
ajfa-4336	81	15	the	the	DET
ajfa-4336	81	16	years	year	NOUN
ajfa-4336	81	17	of	of	ADP
ajfa-4336	81	18	1983	1983	NUM
ajfa-4336	81	19	to	to	ADP
ajfa-4336	81	20	1990	1990	NUM
ajfa-4336	81	21	,	,	PUNCT
ajfa-4336	81	22	nogler	nogler	NOUN
ajfa-4336	81	23	(	(	PUNCT
ajfa-4336	81	24	1995	1995	NUM
ajfa-4336	81	25	)	)	PUNCT
ajfa-4336	81	26	finds	find	VERB
ajfa-4336	81	27	a	a	DET
ajfa-4336	81	28	33	33	NUM
ajfa-4336	81	29	%	%	NOUN
ajfa-4336	81	30	sample	sample	NOUN
ajfa-4336	81	31	declares	declare	VERB
ajfa-4336	81	32	bankruptcy	bankruptcy	NOUN
ajfa-4336	81	33	after	after	ADP
ajfa-4336	81	34	the	the	DET
ajfa-4336	81	35	first	first	ADJ
ajfa-4336	81	36	year	year	NOUN
ajfa-4336	81	37	of	of	ADP
ajfa-4336	81	38	igco	igco	NOUN
ajfa-4336	81	39	issued	issue	VERB
ajfa-4336	81	40	and	and	CCONJ
ajfa-4336	81	41	supports	support	VERB
ajfa-4336	81	42	the	the	DET
ajfa-4336	81	43	effect	effect	NOUN
ajfa-4336	81	44	of	of	ADP
ajfa-4336	81	45	self	self	NOUN
ajfa-4336	81	46	-	-	PUNCT
ajfa-4336	81	47	fulfilling	fulfil	VERB
ajfa-4336	81	48	prophecy	prophecy	NOUN
ajfa-4336	81	49	.	.	PUNCT
ajfa-4336	82	1	in	in	ADP
ajfa-4336	82	2	addition	addition	NOUN
ajfa-4336	82	3	,	,	PUNCT
ajfa-4336	82	4	in	in	ADP
ajfa-4336	82	5	a	a	DET
ajfa-4336	82	6	sample	sample	NOUN
ajfa-4336	82	7	of	of	ADP
ajfa-4336	82	8	210	210	NUM
ajfa-4336	82	9	igco	igco	NOUN
ajfa-4336	82	10	american	american	ADJ
ajfa-4336	82	11	firms	firm	NOUN
ajfa-4336	82	12	during	during	ADP
ajfa-4336	82	13	the	the	DET
ajfa-4336	82	14	years	year	NOUN
ajfa-4336	82	15	of	of	ADP
ajfa-4336	82	16	1984	1984	NUM
ajfa-4336	82	17	to	to	ADP
ajfa-4336	82	18	1991	1991	NUM
ajfa-4336	82	19	,	,	PUNCT
ajfa-4336	82	20	louwers	louwer	NOUN
ajfa-4336	82	21	(	(	PUNCT
ajfa-4336	82	22	1999	1999	NUM
ajfa-4336	82	23	)	)	PUNCT
ajfa-4336	82	24	states	state	VERB
ajfa-4336	82	25	that	that	SCONJ
ajfa-4336	82	26	38	38	NUM
ajfa-4336	82	27	(	(	PUNCT
ajfa-4336	82	28	18	18	NUM
ajfa-4336	82	29	%	%	NOUN
ajfa-4336	82	30	)	)	PUNCT
ajfa-4336	82	31	firms	firm	NOUN
ajfa-4336	82	32	are	be	AUX
ajfa-4336	82	33	bankrupt	bankrupt	ADJ
ajfa-4336	82	34	after	after	ADP
ajfa-4336	82	35	the	the	DET
ajfa-4336	82	36	first	first	ADJ
ajfa-4336	82	37	year	year	NOUN
ajfa-4336	82	38	of	of	ADP
ajfa-4336	82	39	igco	igco	NOUN
ajfa-4336	82	40	issued	issue	VERB
ajfa-4336	82	41	,	,	PUNCT
ajfa-4336	82	42	17	17	NUM
ajfa-4336	82	43	(	(	PUNCT
ajfa-4336	82	44	8	8	NUM
ajfa-4336	82	45	%	%	NOUN
ajfa-4336	82	46	)	)	PUNCT
ajfa-4336	82	47	firms	firm	NOUN
ajfa-4336	82	48	after	after	ADP
ajfa-4336	82	49	the	the	DET
ajfa-4336	82	50	second	second	ADJ
ajfa-4336	82	51	year	year	NOUN
ajfa-4336	82	52	.	.	PUNCT
ajfa-4336	83	1	if	if	SCONJ
ajfa-4336	83	2	applying	apply	VERB
ajfa-4336	83	3	the	the	DET
ajfa-4336	83	4	dtsa	dtsa	NOUN
ajfa-4336	83	5	(	(	PUNCT
ajfa-4336	83	6	discrete	discrete	ADJ
ajfa-4336	83	7	time	time	NOUN
ajfa-4336	83	8	survival	survival	NOUN
ajfa-4336	83	9	analysis	analysis	NOUN
ajfa-4336	83	10	)	)	PUNCT
ajfa-4336	83	11	modeling	modeling	NOUN
ajfa-4336	83	12	,	,	PUNCT
ajfa-4336	83	13	it	it	PRON
ajfa-4336	83	14	is	be	AUX
ajfa-4336	83	15	27	27	NUM
ajfa-4336	83	16	%	%	NOUN
ajfa-4336	83	17	after	after	ADP
ajfa-4336	83	18	the	the	DET
ajfa-4336	83	19	first	first	ADJ
ajfa-4336	83	20	year	year	NOUN
ajfa-4336	83	21	and	and	CCONJ
ajfa-4336	83	22	18	18	NUM
ajfa-4336	83	23	%	%	NOUN
ajfa-4336	83	24	after	after	ADP
ajfa-4336	83	25	the	the	DET
ajfa-4336	83	26	second	second	ADJ
ajfa-4336	83	27	year	year	NOUN
ajfa-4336	83	28	,	,	PUNCT
ajfa-4336	83	29	which	which	PRON
ajfa-4336	83	30	are	be	AUX
ajfa-4336	83	31	similar	similar	ADJ
ajfa-4336	83	32	to	to	ADP
ajfa-4336	83	33	a	a	DET
ajfa-4336	83	34	24	24	NUM
ajfa-4336	83	35	%	%	NOUN
ajfa-4336	83	36	after	after	ADP
ajfa-4336	83	37	the	the	DET
ajfa-4336	83	38	first	first	ADJ
ajfa-4336	83	39	year	year	NOUN
ajfa-4336	83	40	in	in	ADP
ajfa-4336	83	41	the	the	DET
ajfa-4336	83	42	study	study	NOUN
ajfa-4336	83	43	of	of	ADP
ajfa-4336	83	44	citron	citron	NOUN
ajfa-4336	83	45	and	and	CCONJ
ajfa-4336	83	46	taffer	taffer	NOUN
ajfa-4336	83	47	(	(	PUNCT
ajfa-4336	83	48	1992	1992	NUM
ajfa-4336	83	49	)	)	PUNCT
ajfa-4336	83	50	for	for	ADP
ajfa-4336	83	51	a	a	DET
ajfa-4336	83	52	british	british	ADJ
ajfa-4336	83	53	igco	igco	NOUN
ajfa-4336	83	54	sample	sample	NOUN
ajfa-4336	83	55	.	.	PUNCT
ajfa-4336	84	1	both	both	DET
ajfa-4336	84	2	studies	study	NOUN
ajfa-4336	84	3	support	support	VERB
ajfa-4336	84	4	the	the	DET
ajfa-4336	84	5	effect	effect	NOUN
ajfa-4336	84	6	of	of	ADP
ajfa-4336	84	7	self	self	NOUN
ajfa-4336	84	8	-	-	PUNCT
ajfa-4336	84	9	fulfilling	fulfil	VERB
ajfa-4336	84	10	prophecy	prophecy	NOUN
ajfa-4336	84	11	.	.	PUNCT
ajfa-4336	85	1	therefore	therefore	ADV
ajfa-4336	85	2	,	,	PUNCT
ajfa-4336	85	3	there	there	PRON
ajfa-4336	85	4	is	be	VERB
ajfa-4336	85	5	no	no	DET
ajfa-4336	85	6	conclusion	conclusion	NOUN
ajfa-4336	85	7	about	about	ADP
ajfa-4336	85	8	the	the	DET
ajfa-4336	85	9	existence	existence	NOUN
ajfa-4336	85	10	of	of	ADP
ajfa-4336	85	11	self	self	NOUN
ajfa-4336	85	12	-	-	PUNCT
ajfa-4336	85	13	fulfilling	fulfil	VERB
ajfa-4336	85	14	prophecy	prophecy	NOUN
ajfa-4336	85	15	for	for	ADP
ajfa-4336	85	16	firms	firm	NOUN
ajfa-4336	85	17	been	be	AUX
ajfa-4336	85	18	issued	issue	VERB
ajfa-4336	85	19	with	with	ADP
ajfa-4336	85	20	igco	igco	NOUN
ajfa-4336	85	21	.	.	PUNCT
ajfa-4336	86	1	the	the	DET
ajfa-4336	86	2	inconclusive	inconclusive	ADJ
ajfa-4336	86	3	finding	finding	NOUN
ajfa-4336	86	4	for	for	ADP
ajfa-4336	86	5	self	self	NOUN
ajfa-4336	86	6	-	-	PUNCT
ajfa-4336	86	7	fulfilling	fulfil	VERB
ajfa-4336	86	8	prophecy	prophecy	NOUN
ajfa-4336	86	9	is	be	AUX
ajfa-4336	86	10	due	due	ADJ
ajfa-4336	86	11	to	to	ADP
ajfa-4336	86	12	the	the	DET
ajfa-4336	86	13	lack	lack	NOUN
ajfa-4336	86	14	of	of	ADP
ajfa-4336	86	15	an	an	DET
ajfa-4336	86	16	objective	objective	ADJ
ajfa-4336	86	17	standard	standard	NOUN
ajfa-4336	86	18	in	in	ADP
ajfa-4336	86	19	the	the	DET
ajfa-4336	86	20	measurements	measurement	NOUN
ajfa-4336	86	21	of	of	ADP
ajfa-4336	86	22	percentage	percentage	NOUN
ajfa-4336	86	23	approach	approach	NOUN
ajfa-4336	86	24	.	.	PUNCT
ajfa-4336	87	1	to	to	PART
ajfa-4336	87	2	present	present	VERB
ajfa-4336	87	3	the	the	DET
ajfa-4336	87	4	effect	effect	NOUN
ajfa-4336	87	5	of	of	ADP
ajfa-4336	87	6	self	self	NOUN
ajfa-4336	87	7	-	-	PUNCT
ajfa-4336	87	8	fulfilling	fulfil	VERB
ajfa-4336	87	9	prophecy	prophecy	NOUN
ajfa-4336	87	10	,	,	PUNCT
ajfa-4336	87	11	there	there	PRON
ajfa-4336	87	12	is	be	VERB
ajfa-4336	87	13	a	a	DET
ajfa-4336	87	14	need	need	NOUN
ajfa-4336	87	15	to	to	PART
ajfa-4336	87	16	investigate	investigate	VERB
ajfa-4336	87	17	objective	objective	ADJ
ajfa-4336	87	18	measurements	measurement	NOUN
ajfa-4336	87	19	for	for	ADP
ajfa-4336	87	20	the	the	DET
ajfa-4336	87	21	effect	effect	NOUN
ajfa-4336	87	22	of	of	ADP
ajfa-4336	87	23	self	self	NOUN
ajfa-4336	87	24	-	-	PUNCT
ajfa-4336	87	25	fulfilling	fulfil	VERB
ajfa-4336	87	26	prophecy	prophecy	NOUN
ajfa-4336	87	27	.	.	PUNCT
ajfa-4336	88	1	zhang	zhang	PROPN
ajfa-4336	88	2	and	and	CCONJ
ajfa-4336	88	3	suzanne	suzanne	PROPN
ajfa-4336	88	4	(	(	PUNCT
ajfa-4336	88	5	1997	1997	NUM
ajfa-4336	88	6	)	)	PUNCT
ajfa-4336	88	7	suggest	suggest	VERB
ajfa-4336	88	8	applying	apply	VERB
ajfa-4336	88	9	the	the	DET
ajfa-4336	88	10	length	length	NOUN
ajfa-4336	88	11	of	of	ADP
ajfa-4336	88	12	time	time	NOUN
ajfa-4336	88	13	for	for	SCONJ
ajfa-4336	88	14	survival	survival	NOUN
ajfa-4336	88	15	to	to	PART
ajfa-4336	88	16	measure	measure	VERB
ajfa-4336	88	17	the	the	DET
ajfa-4336	88	18	effect	effect	NOUN
ajfa-4336	88	19	.	.	PUNCT
ajfa-4336	89	1	however	however	ADV
ajfa-4336	89	2	,	,	PUNCT
ajfa-4336	89	3	the	the	DET
ajfa-4336	89	4	self	self	NOUN
ajfa-4336	89	5	-	-	PUNCT
ajfa-4336	89	6	fulfilling	fulfil	VERB
ajfa-4336	89	7	prophecy	prophecy	NOUN
ajfa-4336	89	8	seems	seem	VERB
ajfa-4336	89	9	to	to	PART
ajfa-4336	89	10	imply	imply	VERB
ajfa-4336	89	11	that	that	DET
ajfa-4336	89	12	igco	igco	NOUN
ajfa-4336	89	13	must	must	AUX
ajfa-4336	89	14	be	be	AUX
ajfa-4336	89	15	issued	issue	VERB
ajfa-4336	89	16	before	before	SCONJ
ajfa-4336	89	17	bankruptcy	bankruptcy	NOUN
ajfa-4336	89	18	to	to	PART
ajfa-4336	89	19	occur	occur	VERB
ajfa-4336	89	20	.	.	PUNCT
ajfa-4336	90	1	because	because	SCONJ
ajfa-4336	90	2	it	it	PRON
ajfa-4336	90	3	is	be	AUX
ajfa-4336	90	4	a	a	DET
ajfa-4336	90	5	complicate	complicate	NOUN
ajfa-4336	90	6	process	process	NOUN
ajfa-4336	90	7	for	for	ADP
ajfa-4336	90	8	a	a	DET
ajfa-4336	90	9	normal	normal	ADJ
ajfa-4336	90	10	corporation	corporation	NOUN
ajfa-4336	90	11	to	to	PART
ajfa-4336	90	12	declare	declare	VERB
ajfa-4336	90	13	bankruptcy	bankruptcy	NOUN
ajfa-4336	90	14	,	,	PUNCT
ajfa-4336	90	15	many	many	ADJ
ajfa-4336	90	16	factors	factor	NOUN
ajfa-4336	90	17	could	could	AUX
ajfa-4336	90	18	involve	involve	VERB
ajfa-4336	90	19	.	.	PUNCT
ajfa-4336	91	1	merely	merely	ADV
ajfa-4336	91	2	applying	apply	VERB
ajfa-4336	91	3	audit	audit	NOUN
ajfa-4336	91	4	opinions	opinion	NOUN
ajfa-4336	91	5	to	to	PART
ajfa-4336	91	6	determine	determine	VERB
ajfa-4336	91	7	whether	whether	SCONJ
ajfa-4336	91	8	the	the	DET
ajfa-4336	91	9	firm	firm	NOUN
ajfa-4336	91	10	will	will	AUX
ajfa-4336	91	11	bankrupt	bankrupt	VERB
ajfa-4336	91	12	after	after	ADP
ajfa-4336	91	13	an	an	DET
ajfa-4336	91	14	early	early	ADJ
ajfa-4336	91	15	stage	stage	NOUN
ajfa-4336	91	16	of	of	ADP
ajfa-4336	91	17	igco	igco	NOUN
ajfa-4336	91	18	issued	issue	VERB
ajfa-4336	91	19	seems	seem	VERB
ajfa-4336	91	20	incomprehensive	incomprehensive	ADJ
ajfa-4336	91	21	.	.	PUNCT
ajfa-4336	92	1	besides	besides	SCONJ
ajfa-4336	92	2	,	,	PUNCT
ajfa-4336	92	3	an	an	DET
ajfa-4336	92	4	igco	igco	NOUN
ajfa-4336	92	5	is	be	AUX
ajfa-4336	92	6	expected	expect	VERB
ajfa-4336	92	7	to	to	PART
ajfa-4336	92	8	exert	exert	VERB
ajfa-4336	92	9	its	its	PRON
ajfa-4336	92	10	effect	effect	NOUN
ajfa-4336	92	11	further	far	ADV
ajfa-4336	92	12	to	to	ADP
ajfa-4336	92	13	the	the	DET
ajfa-4336	92	14	future	future	NOUN
ajfa-4336	92	15	and	and	CCONJ
ajfa-4336	92	16	other	other	ADJ
ajfa-4336	92	17	lagged	lag	VERB
ajfa-4336	92	18	effects	effect	NOUN
ajfa-4336	92	19	may	may	AUX
ajfa-4336	92	20	involve	involve	VERB
ajfa-4336	92	21	as	as	ADV
ajfa-4336	92	22	well	well	ADV
ajfa-4336	92	23	.	.	PUNCT
ajfa-4336	93	1	therefore	therefore	ADV
ajfa-4336	93	2	,	,	PUNCT
ajfa-4336	93	3	changes	change	NOUN
ajfa-4336	93	4	in	in	ADP
ajfa-4336	93	5	the	the	DET
ajfa-4336	93	6	time	time	NOUN
ajfa-4336	93	7	process	process	NOUN
ajfa-4336	93	8	for	for	ADP
ajfa-4336	93	9	audit	audit	NOUN
ajfa-4336	93	10	opinions	opinion	NOUN
ajfa-4336	93	11	to	to	PART
ajfa-4336	93	12	exert	exert	VERB
ajfa-4336	93	13	impacts	impact	NOUN
ajfa-4336	93	14	should	should	AUX
ajfa-4336	93	15	be	be	AUX
ajfa-4336	93	16	investigated	investigate	VERB
ajfa-4336	93	17	further	far	ADV
ajfa-4336	93	18	.	.	PUNCT
ajfa-4336	94	1	finally	finally	ADV
ajfa-4336	94	2	,	,	PUNCT
ajfa-4336	94	3	previous	previous	ADJ
ajfa-4336	94	4	empirical	empirical	ADJ
ajfa-4336	94	5	studies	study	NOUN
ajfa-4336	94	6	find	find	VERB
ajfa-4336	94	7	that	that	SCONJ
ajfa-4336	94	8	the	the	DET
ajfa-4336	94	9	log	log	NOUN
ajfa-4336	94	10	-	-	PUNCT
ajfa-4336	94	11	logistic	logistic	NOUN
ajfa-4336	94	12	model	model	NOUN
ajfa-4336	94	13	in	in	ADP
ajfa-4336	94	14	survival	survival	NOUN
ajfa-4336	94	15	analysis	analysis	NOUN
ajfa-4336	94	16	is	be	AUX
ajfa-4336	94	17	the	the	DET
ajfa-4336	94	18	most	most	ADV
ajfa-4336	94	19	appropriate	appropriate	ADJ
ajfa-4336	94	20	method	method	NOUN
ajfa-4336	94	21	to	to	PART
ajfa-4336	94	22	match	match	VERB
ajfa-4336	94	23	firms	firm	NOUN
ajfa-4336	94	24	’	'	PUNCT
ajfa-4336	94	25	survival	survival	NOUN
ajfa-4336	94	26	period	period	NOUN
ajfa-4336	94	27	.	.	PUNCT
ajfa-4336	95	1	through	through	ADP
ajfa-4336	95	2	the	the	DET
ajfa-4336	95	3	likelihood	likelihood	NOUN
ajfa-4336	95	4	ratio	ratio	NOUN
ajfa-4336	95	5	test	test	NOUN
ajfa-4336	95	6	,	,	PUNCT
ajfa-4336	95	7	an	an	DET
ajfa-4336	95	8	appropriate	appropriate	ADJ
ajfa-4336	95	9	matching	matching	NOUN
ajfa-4336	95	10	model	model	NOUN
ajfa-4336	95	11	can	can	AUX
ajfa-4336	95	12	be	be	AUX
ajfa-4336	95	13	obtained	obtain	VERB
ajfa-4336	95	14	.	.	PUNCT
ajfa-4336	96	1	however	however	ADV
ajfa-4336	96	2	,	,	PUNCT
ajfa-4336	96	3	if	if	SCONJ
ajfa-4336	96	4	a	a	DET
ajfa-4336	96	5	quarter	quarter	NOUN
ajfa-4336	96	6	of	of	ADP
ajfa-4336	96	7	the	the	DET
ajfa-4336	96	8	sample	sample	NOUN
ajfa-4336	96	9	data	datum	NOUN
ajfa-4336	96	10	is	be	AUX
ajfa-4336	96	11	censored	censor	VERB
ajfa-4336	96	12	and	and	CCONJ
ajfa-4336	96	13	if	if	SCONJ
ajfa-4336	96	14	the	the	DET
ajfa-4336	96	15	selected	select	VERB
ajfa-4336	96	16	parameter	parameter	NOUN
ajfa-4336	96	17	model	model	NOUN
ajfa-4336	96	18	assumes	assume	VERB
ajfa-4336	96	19	a	a	DET
ajfa-4336	96	20	final	final	ADJ
ajfa-4336	96	21	failing	fail	VERB
ajfa-4336	96	22	rate	rate	NOUN
ajfa-4336	96	23	of	of	ADP
ajfa-4336	96	24	one	one	NUM
ajfa-4336	96	25	,	,	PUNCT
ajfa-4336	96	26	the	the	DET
ajfa-4336	96	27	rate	rate	NOUN
ajfa-4336	96	28	could	could	AUX
ajfa-4336	96	29	easily	easily	ADV
ajfa-4336	96	30	be	be	AUX
ajfa-4336	96	31	overestimated	overestimate	VERB
ajfa-4336	96	32	.	.	PUNCT
ajfa-4336	97	1	in	in	ADP
ajfa-4336	97	2	addition	addition	NOUN
ajfa-4336	97	3	,	,	PUNCT
ajfa-4336	97	4	the	the	DET
ajfa-4336	97	5	use	use	NOUN
ajfa-4336	97	6	of	of	ADP
ajfa-4336	97	7	weibull	weibull	NOUN
ajfa-4336	97	8	distribution	distribution	NOUN
ajfa-4336	97	9	assumption	assumption	NOUN
ajfa-4336	97	10	could	could	AUX
ajfa-4336	97	11	also	also	ADV
ajfa-4336	97	12	be	be	AUX
ajfa-4336	97	13	used	use	VERB
ajfa-4336	97	14	to	to	PART
ajfa-4336	97	15	build	build	VERB
ajfa-4336	97	16	an	an	DET
ajfa-4336	97	17	early	early	ADJ
ajfa-4336	97	18	warning	warning	NOUN
ajfa-4336	97	19	model	model	NOUN
ajfa-4336	97	20	for	for	ADP
ajfa-4336	97	21	financial	financial	ADJ
ajfa-4336	97	22	institutions	institution	NOUN
ajfa-4336	97	23	.	.	PUNCT
ajfa-4336	98	1	bandopadhyyaya	bandopadhyyaya	NOUN
ajfa-4336	98	2	and	and	CCONJ
ajfa-4336	98	3	jaggia	jaggia	PROPN
ajfa-4336	98	4	(	(	PUNCT
ajfa-4336	98	5	2001	2001	NUM
ajfa-4336	98	6	)	)	PUNCT
ajfa-4336	98	7	,	,	PUNCT
ajfa-4336	98	8	in	in	ADP
ajfa-4336	98	9	a	a	DET
ajfa-4336	98	10	sample	sample	NOUN
ajfa-4336	98	11	of	of	ADP
ajfa-4336	98	12	107	107	NUM
ajfa-4336	98	13	bankrupt	bankrupt	ADJ
ajfa-4336	98	14	firms	firm	NOUN
ajfa-4336	98	15	during	during	ADP
ajfa-4336	98	16	the	the	DET
ajfa-4336	98	17	years	year	NOUN
ajfa-4336	98	18	of	of	ADP
ajfa-4336	98	19	1979	1979	NUM
ajfa-4336	98	20	to	to	ADP
ajfa-4336	98	21	1990	1990	NUM
ajfa-4336	98	22	,	,	PUNCT
ajfa-4336	98	23	discuss	discuss	VERB
ajfa-4336	98	24	the	the	DET
ajfa-4336	98	25	length	length	NOUN
ajfa-4336	98	26	of	of	ADP
ajfa-4336	98	27	time	time	NOUN
ajfa-4336	98	28	and	and	CCONJ
ajfa-4336	98	29	factors	factor	NOUN
ajfa-4336	98	30	causing	cause	VERB
ajfa-4336	98	31	final	final	ADJ
ajfa-4336	98	32	bankruptcy	bankruptcy	NOUN
ajfa-4336	98	33	after	after	ADP
ajfa-4336	98	34	reorganization	reorganization	NOUN
ajfa-4336	98	35	.	.	PUNCT
ajfa-4336	99	1	they	they	PRON
ajfa-4336	99	2	employ	employ	VERB
ajfa-4336	99	3	a	a	DET
ajfa-4336	99	4	split	split	ADJ
ajfa-4336	99	5	population	population	NOUN
ajfa-4336	99	6	duration	duration	NOUN
ajfa-4336	99	7	model	model	NOUN
ajfa-4336	99	8	to	to	PART
ajfa-4336	99	9	perform	perform	VERB
ajfa-4336	99	10	tests	test	NOUN
ajfa-4336	99	11	and	and	CCONJ
ajfa-4336	99	12	realistically	realistically	ADV
ajfa-4336	99	13	consider	consider	VERB
ajfa-4336	99	14	the	the	DET
ajfa-4336	99	15	final	final	ADJ
ajfa-4336	99	16	bankruptcy	bankruptcy	NOUN
ajfa-4336	99	17	rate	rate	NOUN
ajfa-4336	99	18	not	not	PART
ajfa-4336	99	19	necessary	necessary	ADJ
ajfa-4336	99	20	equal	equal	ADJ
ajfa-4336	99	21	to	to	ADP
ajfa-4336	99	22	one	one	NUM
ajfa-4336	99	23	.	.	PUNCT
ajfa-4336	100	1	however	however	ADV
ajfa-4336	100	2	,	,	PUNCT
ajfa-4336	100	3	they	they	PRON
ajfa-4336	100	4	do	do	AUX
ajfa-4336	100	5	not	not	PART
ajfa-4336	100	6	explain	explain	VERB
ajfa-4336	100	7	the	the	DET
ajfa-4336	100	8	selection	selection	NOUN
ajfa-4336	100	9	process	process	NOUN
ajfa-4336	100	10	of	of	ADP
ajfa-4336	100	11	log	log	NOUN
ajfa-4336	100	12	-	-	PUNCT
ajfa-4336	100	13	logistic	logistic	ADJ
ajfa-4336	100	14	modified	modify	VERB
ajfa-4336	100	15	model	model	NOUN
ajfa-4336	100	16	in	in	ADP
ajfa-4336	100	17	their	their	PRON
ajfa-4336	100	18	split	split	ADJ
ajfa-4336	100	19	population	population	NOUN
ajfa-4336	100	20	duration	duration	NOUN
ajfa-4336	100	21	model	model	NOUN
ajfa-4336	100	22	.	.	PUNCT
ajfa-4336	101	1	in	in	ADP
ajfa-4336	101	2	conclusion	conclusion	NOUN
ajfa-4336	101	3	,	,	PUNCT
ajfa-4336	101	4	asian	asian	ADJ
ajfa-4336	101	5	journal	journal	NOUN
ajfa-4336	101	6	of	of	ADP
ajfa-4336	101	7	finance	finance	PROPN
ajfa-4336	101	8	&	&	CCONJ
ajfa-4336	101	9	accounting	accounting	PROPN
ajfa-4336	101	10	issn	issn	PROPN
ajfa-4336	101	11	1946	1946	NUM
ajfa-4336	101	12	-	-	PUNCT
ajfa-4336	101	13	052x	052x	NOUN
ajfa-4336	101	14	2013	2013	NUM
ajfa-4336	101	15	,	,	PUNCT
ajfa-4336	101	16	vol	vol	NOUN
ajfa-4336	101	17	.	.	PROPN
ajfa-4336	101	18	5	5	NUM
ajfa-4336	101	19	,	,	PUNCT
ajfa-4336	101	20	no	no	INTJ
ajfa-4336	101	21	.	.	NOUN
ajfa-4336	101	22	2	2	NUM
ajfa-4336	101	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4336	101	24	144	144	NUM
ajfa-4336	101	25	although	although	SCONJ
ajfa-4336	101	26	the	the	DET
ajfa-4336	101	27	survival	survival	NOUN
ajfa-4336	101	28	analysis	analysis	NOUN
ajfa-4336	101	29	is	be	AUX
ajfa-4336	101	30	empirically	empirically	ADV
ajfa-4336	101	31	applied	apply	VERB
ajfa-4336	101	32	to	to	ADP
ajfa-4336	101	33	business	business	NOUN
ajfa-4336	101	34	studies	study	NOUN
ajfa-4336	101	35	,	,	PUNCT
ajfa-4336	101	36	it	it	PRON
ajfa-4336	101	37	is	be	AUX
ajfa-4336	101	38	rarely	rarely	ADV
ajfa-4336	101	39	applied	apply	VERB
ajfa-4336	101	40	to	to	ADP
ajfa-4336	101	41	the	the	DET
ajfa-4336	101	42	study	study	NOUN
ajfa-4336	101	43	of	of	ADP
ajfa-4336	101	44	audit	audit	NOUN
ajfa-4336	101	45	opinions	opinion	NOUN
ajfa-4336	101	46	.	.	PUNCT
ajfa-4336	102	1	since	since	SCONJ
ajfa-4336	102	2	financial	financial	ADJ
ajfa-4336	102	3	distress	distress	NOUN
ajfa-4336	102	4	occurs	occur	VERB
ajfa-4336	102	5	at	at	ADP
ajfa-4336	102	6	different	different	ADJ
ajfa-4336	102	7	points	point	NOUN
ajfa-4336	102	8	in	in	ADP
ajfa-4336	102	9	time	time	NOUN
ajfa-4336	102	10	which	which	PRON
ajfa-4336	102	11	is	be	AUX
ajfa-4336	102	12	a	a	DET
ajfa-4336	102	13	continuous	continuous	ADJ
ajfa-4336	102	14	process	process	NOUN
ajfa-4336	102	15	,	,	PUNCT
ajfa-4336	102	16	it	it	PRON
ajfa-4336	102	17	is	be	AUX
ajfa-4336	102	18	more	more	ADV
ajfa-4336	102	19	reasonable	reasonable	ADJ
ajfa-4336	102	20	to	to	PART
ajfa-4336	102	21	use	use	VERB
ajfa-4336	102	22	the	the	DET
ajfa-4336	102	23	survival	survival	NOUN
ajfa-4336	102	24	period	period	NOUN
ajfa-4336	102	25	model	model	NOUN
ajfa-4336	102	26	to	to	PART
ajfa-4336	102	27	overcome	overcome	VERB
ajfa-4336	102	28	the	the	DET
ajfa-4336	102	29	timing	timing	NOUN
ajfa-4336	102	30	issue	issue	NOUN
ajfa-4336	102	31	for	for	ADP
ajfa-4336	102	32	our	our	PRON
ajfa-4336	102	33	study	study	NOUN
ajfa-4336	102	34	.	.	PUNCT
ajfa-4336	103	1	3	3	X
ajfa-4336	103	2	.	.	NUM
ajfa-4336	103	3	econometric	econometric	ADJ
ajfa-4336	103	4	models	model	NOUN
ajfa-4336	103	5	logic	logic	NOUN
ajfa-4336	103	6	or	or	CCONJ
ajfa-4336	103	7	probit	probit	NOUN
ajfa-4336	103	8	method	method	NOUN
ajfa-4336	103	9	is	be	AUX
ajfa-4336	103	10	generally	generally	ADV
ajfa-4336	103	11	used	use	VERB
ajfa-4336	103	12	in	in	ADP
ajfa-4336	103	13	the	the	DET
ajfa-4336	103	14	financial	financial	ADJ
ajfa-4336	103	15	crisis	crisis	NOUN
ajfa-4336	103	16	literature	literature	NOUN
ajfa-4336	103	17	which	which	PRON
ajfa-4336	103	18	discusses	discuss	VERB
ajfa-4336	103	19	the	the	DET
ajfa-4336	103	20	relation	relation	NOUN
ajfa-4336	103	21	between	between	ADP
ajfa-4336	103	22	the	the	DET
ajfa-4336	103	23	probability	probability	NOUN
ajfa-4336	103	24	of	of	ADP
ajfa-4336	103	25	financial	financial	ADJ
ajfa-4336	103	26	distress	distress	NOUN
ajfa-4336	103	27	and	and	CCONJ
ajfa-4336	103	28	its	its	PRON
ajfa-4336	103	29	factors	factor	NOUN
ajfa-4336	103	30	.	.	PUNCT
ajfa-4336	104	1	these	these	DET
ajfa-4336	104	2	methods	method	NOUN
ajfa-4336	104	3	imply	imply	VERB
ajfa-4336	104	4	that	that	SCONJ
ajfa-4336	104	5	financial	financial	ADJ
ajfa-4336	104	6	crisis	crisis	NOUN
ajfa-4336	104	7	occurs	occur	VERB
ajfa-4336	104	8	at	at	ADP
ajfa-4336	104	9	the	the	DET
ajfa-4336	104	10	same	same	ADJ
ajfa-4336	104	11	time	time	NOUN
ajfa-4336	104	12	which	which	PRON
ajfa-4336	104	13	simply	simply	ADV
ajfa-4336	104	14	separate	separate	VERB
ajfa-4336	104	15	the	the	DET
ajfa-4336	104	16	sample	sample	NOUN
ajfa-4336	104	17	into	into	ADP
ajfa-4336	104	18	occurring	occur	VERB
ajfa-4336	104	19	crisis	crisis	NOUN
ajfa-4336	104	20	or	or	CCONJ
ajfa-4336	104	21	not	not	PART
ajfa-4336	104	22	.	.	PUNCT
ajfa-4336	105	1	in	in	ADP
ajfa-4336	105	2	order	order	NOUN
ajfa-4336	105	3	to	to	PART
ajfa-4336	105	4	distinguish	distinguish	VERB
ajfa-4336	105	5	different	different	ADJ
ajfa-4336	105	6	occurring	occurring	NOUN
ajfa-4336	105	7	time	time	NOUN
ajfa-4336	105	8	,	,	PUNCT
ajfa-4336	105	9	this	this	DET
ajfa-4336	105	10	paper	paper	NOUN
ajfa-4336	105	11	uses	use	VERB
ajfa-4336	105	12	a	a	DET
ajfa-4336	105	13	periodical	periodical	ADJ
ajfa-4336	105	14	model	model	NOUN
ajfa-4336	105	15	to	to	PART
ajfa-4336	105	16	further	far	ADV
ajfa-4336	105	17	separate	separate	VERB
ajfa-4336	105	18	the	the	DET
ajfa-4336	105	19	sample	sample	NOUN
ajfa-4336	105	20	based	base	VERB
ajfa-4336	105	21	on	on	ADP
ajfa-4336	105	22	different	different	ADJ
ajfa-4336	105	23	delisting	delisting	NOUN
ajfa-4336	105	24	time	time	NOUN
ajfa-4336	105	25	.	.	PUNCT
ajfa-4336	106	1	our	our	PRON
ajfa-4336	106	2	models	model	NOUN
ajfa-4336	106	3	consider	consider	VERB
ajfa-4336	106	4	the	the	DET
ajfa-4336	106	5	survival	survival	NOUN
ajfa-4336	106	6	period	period	NOUN
ajfa-4336	106	7	so	so	SCONJ
ajfa-4336	106	8	that	that	SCONJ
ajfa-4336	106	9	the	the	DET
ajfa-4336	106	10	relation	relation	NOUN
ajfa-4336	106	11	between	between	ADP
ajfa-4336	106	12	corporate	corporate	ADJ
ajfa-4336	106	13	operating	operating	NOUN
ajfa-4336	106	14	factors	factor	NOUN
ajfa-4336	106	15	and	and	CCONJ
ajfa-4336	106	16	delisting	delisting	NOUN
ajfa-4336	106	17	can	can	AUX
ajfa-4336	106	18	be	be	AUX
ajfa-4336	106	19	investigated	investigate	VERB
ajfa-4336	106	20	correctly	correctly	ADV
ajfa-4336	106	21	.	.	PUNCT
ajfa-4336	107	1	the	the	DET
ajfa-4336	107	2	periodical	periodical	ADJ
ajfa-4336	107	3	model	model	NOUN
ajfa-4336	107	4	,	,	PUNCT
ajfa-4336	107	5	also	also	ADV
ajfa-4336	107	6	called	call	VERB
ajfa-4336	107	7	the	the	DET
ajfa-4336	107	8	transition	transition	NOUN
ajfa-4336	107	9	model	model	NOUN
ajfa-4336	107	10	,	,	PUNCT
ajfa-4336	107	11	focuses	focus	VERB
ajfa-4336	107	12	on	on	ADP
ajfa-4336	107	13	the	the	DET
ajfa-4336	107	14	length	length	NOUN
ajfa-4336	107	15	of	of	ADP
ajfa-4336	107	16	time	time	NOUN
ajfa-4336	107	17	a	a	DET
ajfa-4336	107	18	status	status	NOUN
ajfa-4336	107	19	condition	condition	NOUN
ajfa-4336	107	20	remains	remain	VERB
ajfa-4336	107	21	or	or	CCONJ
ajfa-4336	107	22	the	the	DET
ajfa-4336	107	23	possibility	possibility	NOUN
ajfa-4336	107	24	of	of	ADP
ajfa-4336	107	25	changing	change	VERB
ajfa-4336	107	26	status	status	NOUN
ajfa-4336	107	27	at	at	ADP
ajfa-4336	107	28	a	a	DET
ajfa-4336	107	29	certain	certain	ADJ
ajfa-4336	107	30	point	point	NOUN
ajfa-4336	107	31	in	in	ADP
ajfa-4336	107	32	time	time	NOUN
ajfa-4336	107	33	.	.	PUNCT
ajfa-4336	108	1	the	the	DET
ajfa-4336	108	2	possibility	possibility	NOUN
ajfa-4336	108	3	is	be	AUX
ajfa-4336	108	4	called	call	VERB
ajfa-4336	108	5	the	the	DET
ajfa-4336	108	6	hazard	hazard	NOUN
ajfa-4336	108	7	rate	rate	NOUN
ajfa-4336	108	8	,	,	PUNCT
ajfa-4336	108	9	and	and	CCONJ
ajfa-4336	108	10	the	the	PRON
ajfa-4336	108	11	higher	high	ADJ
ajfa-4336	108	12	the	the	DET
ajfa-4336	108	13	rate	rate	NOUN
ajfa-4336	108	14	is	be	AUX
ajfa-4336	108	15	the	the	DET
ajfa-4336	108	16	shorter	short	ADJ
ajfa-4336	108	17	time	time	NOUN
ajfa-4336	108	18	the	the	DET
ajfa-4336	108	19	status	status	NOUN
ajfa-4336	108	20	remains	remain	VERB
ajfa-4336	108	21	.	.	PUNCT
ajfa-4336	109	1	this	this	DET
ajfa-4336	109	2	paper	paper	NOUN
ajfa-4336	109	3	discusses	discuss	VERB
ajfa-4336	109	4	the	the	DET
ajfa-4336	109	5	relation	relation	NOUN
ajfa-4336	109	6	between	between	ADP
ajfa-4336	109	7	the	the	DET
ajfa-4336	109	8	hazard	hazard	NOUN
ajfa-4336	109	9	rate	rate	NOUN
ajfa-4336	109	10	and	and	CCONJ
ajfa-4336	109	11	corporate	corporate	ADJ
ajfa-4336	109	12	operating	operating	NOUN
ajfa-4336	109	13	conditions	condition	NOUN
ajfa-4336	109	14	(	(	PUNCT
ajfa-4336	109	15	delisting	delisting	NOUN
ajfa-4336	109	16	)	)	PUNCT
ajfa-4336	109	17	.	.	PUNCT
ajfa-4336	110	1	a	a	DET
ajfa-4336	110	2	higher	high	ADJ
ajfa-4336	110	3	hazard	hazard	NOUN
ajfa-4336	110	4	rate	rate	NOUN
ajfa-4336	110	5	represents	represent	VERB
ajfa-4336	110	6	a	a	DET
ajfa-4336	110	7	worse	bad	ADJ
ajfa-4336	110	8	operating	operating	NOUN
ajfa-4336	110	9	condition	condition	NOUN
ajfa-4336	110	10	,	,	PUNCT
ajfa-4336	110	11	in	in	ADP
ajfa-4336	110	12	which	which	PRON
ajfa-4336	110	13	when	when	SCONJ
ajfa-4336	110	14	the	the	DET
ajfa-4336	110	15	possibility	possibility	NOUN
ajfa-4336	110	16	of	of	ADP
ajfa-4336	110	17	changing	change	VERB
ajfa-4336	110	18	status	status	NOUN
ajfa-4336	110	19	from	from	ADP
ajfa-4336	110	20	un	un	ADJ
ajfa-4336	110	21	-	-	ADJ
ajfa-4336	110	22	delisting	delisting	ADJ
ajfa-4336	110	23	to	to	ADP
ajfa-4336	110	24	delisting	delisting	NOUN
ajfa-4336	110	25	is	be	AUX
ajfa-4336	110	26	higher	high	ADJ
ajfa-4336	110	27	,	,	PUNCT
ajfa-4336	110	28	the	the	DET
ajfa-4336	110	29	firm	firm	NOUN
ajfa-4336	110	30	is	be	AUX
ajfa-4336	110	31	more	more	ADV
ajfa-4336	110	32	likely	likely	ADJ
ajfa-4336	110	33	to	to	PART
ajfa-4336	110	34	occur	occur	VERB
ajfa-4336	110	35	delisting	delist	VERB
ajfa-4336	110	36	within	within	ADP
ajfa-4336	110	37	a	a	DET
ajfa-4336	110	38	shorter	short	ADJ
ajfa-4336	110	39	time	time	NOUN
ajfa-4336	110	40	period	period	NOUN
ajfa-4336	110	41	.	.	PUNCT
ajfa-4336	111	1	the	the	DET
ajfa-4336	111	2	periodical	periodical	ADJ
ajfa-4336	111	3	model	model	NOUN
ajfa-4336	111	4	is	be	AUX
ajfa-4336	111	5	applied	apply	VERB
ajfa-4336	111	6	in	in	ADP
ajfa-4336	111	7	previous	previous	ADJ
ajfa-4336	111	8	bankruptcy	bankruptcy	NOUN
ajfa-4336	111	9	studies	study	NOUN
ajfa-4336	111	10	for	for	ADP
ajfa-4336	111	11	financial	financial	ADJ
ajfa-4336	111	12	institutions	institution	NOUN
ajfa-4336	111	13	in	in	ADP
ajfa-4336	111	14	which	which	PRON
ajfa-4336	111	15	two	two	NUM
ajfa-4336	111	16	models	model	NOUN
ajfa-4336	111	17	are	be	AUX
ajfa-4336	111	18	generally	generally	ADV
ajfa-4336	111	19	used	use	VERB
ajfa-4336	111	20	,	,	PUNCT
ajfa-4336	111	21	the	the	DET
ajfa-4336	111	22	proportional	proportional	ADJ
ajfa-4336	111	23	hazard	hazard	NOUN
ajfa-4336	111	24	model	model	NOUN
ajfa-4336	111	25	and	and	CCONJ
ajfa-4336	111	26	the	the	DET
ajfa-4336	111	27	accelerated	accelerated	ADJ
ajfa-4336	111	28	failure	failure	NOUN
ajfa-4336	111	29	time	time	NOUN
ajfa-4336	111	30	model	model	NOUN
ajfa-4336	111	31	(	(	PUNCT
ajfa-4336	111	32	lane	lane	NOUN
ajfa-4336	111	33	,	,	PUNCT
ajfa-4336	111	34	looney	looney	NOUN
ajfa-4336	111	35	and	and	CCONJ
ajfa-4336	111	36	wansley	wansley	NOUN
ajfa-4336	111	37	,	,	PUNCT
ajfa-4336	111	38	1986	1986	NUM
ajfa-4336	111	39	;	;	PUNCT
ajfa-4336	111	40	wheelock	wheelock	NOUN
ajfa-4336	111	41	and	and	CCONJ
ajfa-4336	111	42	wilson	wilson	PROPN
ajfa-4336	111	43	,	,	PUNCT
ajfa-4336	111	44	1994	1994	NUM
ajfa-4336	111	45	)	)	PUNCT
ajfa-4336	111	46	.	.	PUNCT
ajfa-4336	112	1	the	the	DET
ajfa-4336	112	2	two	two	NUM
ajfa-4336	112	3	models	model	NOUN
ajfa-4336	112	4	have	have	VERB
ajfa-4336	112	5	different	different	ADJ
ajfa-4336	112	6	assumption	assumption	NOUN
ajfa-4336	112	7	about	about	ADP
ajfa-4336	112	8	its	its	PRON
ajfa-4336	112	9	baseline	baseline	NOUN
ajfa-4336	112	10	hazard	hazard	NOUN
ajfa-4336	112	11	.	.	PUNCT
ajfa-4336	113	1	the	the	DET
ajfa-4336	113	2	baseline	baseline	ADJ
ajfa-4336	113	3	hazard	hazard	NOUN
ajfa-4336	113	4	is	be	AUX
ajfa-4336	113	5	set	set	VERB
ajfa-4336	113	6	respectively	respectively	ADV
ajfa-4336	113	7	as	as	ADP
ajfa-4336	113	8	the	the	DET
ajfa-4336	113	9	following	following	NOUN
ajfa-4336	113	10	:	:	PUNCT
ajfa-4336	113	11	the	the	DET
ajfa-4336	113	12	proportional	proportional	ADJ
ajfa-4336	113	13	hazard	hazard	NOUN
ajfa-4336	113	14	model	model	NOUN
ajfa-4336	113	15	:	:	PUNCT
ajfa-4336	113	16	)	)	PUNCT
ajfa-4336	113	17	|	|	ADV
ajfa-4336	113	18	(	(	PUNCT
ajfa-4336	113	19	xth	xth	PROPN
ajfa-4336	113	20	=	=	SYM
ajfa-4336	113	21	)	)	PUNCT
ajfa-4336	113	22	exp()(0	exp()(0	PROPN
ajfa-4336	113	23	βxth	βxth	NOUN
ajfa-4336	113	24	,	,	PUNCT
ajfa-4336	113	25	the	the	DET
ajfa-4336	113	26	accelerated	accelerated	ADJ
ajfa-4336	113	27	failure	failure	NOUN
ajfa-4336	113	28	model	model	NOUN
ajfa-4336	113	29	:	:	PUNCT
ajfa-4336	113	30	)	)	PUNCT
ajfa-4336	114	1	|	|	ADV
ajfa-4336	114	2	(	(	PUNCT
ajfa-4336	114	3	xth	xth	PROPN
ajfa-4336	114	4	=	=	PUNCT
ajfa-4336	114	5	)	)	PUNCT
ajfa-4336	114	6	exp(),(0	exp(),(0	NOUN
ajfa-4336	114	7	βα	βα	X
ajfa-4336	114	8	xxth	xxth	PROPN
ajfa-4336	114	9	,	,	PUNCT
ajfa-4336	114	10	in	in	ADP
ajfa-4336	114	11	which	which	PRON
ajfa-4336	114	12	)	)	PUNCT
ajfa-4336	114	13	|	|	ADV
ajfa-4336	114	14	(	(	PUNCT
ajfa-4336	114	15	xth	xth	PROPN
ajfa-4336	114	16	is	be	AUX
ajfa-4336	114	17	the	the	DET
ajfa-4336	114	18	hazard	hazard	NOUN
ajfa-4336	114	19	rate	rate	NOUN
ajfa-4336	114	20	,	,	PUNCT
ajfa-4336	114	21	)	)	PUNCT
ajfa-4336	114	22	(	(	PUNCT
ajfa-4336	114	23	0	0	NUM
ajfa-4336	114	24	⋅h	⋅h	NUM
ajfa-4336	114	25	is	be	AUX
ajfa-4336	114	26	the	the	DET
ajfa-4336	114	27	baseline	baseline	ADJ
ajfa-4336	114	28	hazard	hazard	NOUN
ajfa-4336	114	29	,	,	PUNCT
ajfa-4336	114	30	x	x	X
ajfa-4336	114	31	is	be	AUX
ajfa-4336	114	32	the	the	DET
ajfa-4336	114	33	various	various	ADJ
ajfa-4336	114	34	predictors	predictor	NOUN
ajfa-4336	114	35	,	,	PUNCT
ajfa-4336	114	36	α	α	PROPN
ajfa-4336	114	37	and	and	CCONJ
ajfa-4336	114	38	β	β	X
ajfa-4336	114	39	is	be	AUX
ajfa-4336	114	40	the	the	DET
ajfa-4336	114	41	coefficient	coefficient	NOUN
ajfa-4336	114	42	for	for	ADP
ajfa-4336	114	43	its	its	PRON
ajfa-4336	114	44	baseline	baseline	ADJ
ajfa-4336	114	45	and	and	CCONJ
ajfa-4336	114	46	exponential	exponential	ADJ
ajfa-4336	114	47	function	function	NOUN
ajfa-4336	114	48	.	.	PUNCT
ajfa-4336	115	1	from	from	ADP
ajfa-4336	115	2	the	the	DET
ajfa-4336	115	3	above	above	ADJ
ajfa-4336	115	4	settings	setting	NOUN
ajfa-4336	115	5	,	,	PUNCT
ajfa-4336	115	6	the	the	DET
ajfa-4336	115	7	baseline	baseline	NOUN
ajfa-4336	115	8	hazard	hazard	NOUN
ajfa-4336	115	9	is	be	AUX
ajfa-4336	115	10	assumed	assume	VERB
ajfa-4336	115	11	not	not	PART
ajfa-4336	115	12	to	to	PART
ajfa-4336	115	13	be	be	AUX
ajfa-4336	115	14	affected	affect	VERB
ajfa-4336	115	15	by	by	ADP
ajfa-4336	115	16	the	the	DET
ajfa-4336	115	17	predictors	predictor	NOUN
ajfa-4336	115	18	in	in	ADP
ajfa-4336	115	19	the	the	DET
ajfa-4336	115	20	proportional	proportional	ADJ
ajfa-4336	115	21	hazard	hazard	NOUN
ajfa-4336	115	22	model	model	NOUN
ajfa-4336	115	23	,	,	PUNCT
ajfa-4336	115	24	but	but	CCONJ
ajfa-4336	115	25	otherwise	otherwise	ADV
ajfa-4336	115	26	in	in	ADP
ajfa-4336	115	27	the	the	DET
ajfa-4336	115	28	accelerated	accelerated	ADJ
ajfa-4336	115	29	failure	failure	NOUN
ajfa-4336	115	30	model	model	NOUN
ajfa-4336	115	31	.	.	PUNCT
ajfa-4336	116	1	both	both	DET
ajfa-4336	116	2	models	model	NOUN
ajfa-4336	116	3	can	can	AUX
ajfa-4336	116	4	apply	apply	VERB
ajfa-4336	116	5	parameter	parameter	NOUN
ajfa-4336	116	6	estimation	estimation	NOUN
ajfa-4336	116	7	methods	method	NOUN
ajfa-4336	116	8	,	,	PUNCT
ajfa-4336	116	9	but	but	CCONJ
ajfa-4336	116	10	cox	cox	PROPN
ajfa-4336	116	11	(	(	PUNCT
ajfa-4336	116	12	1972	1972	NUM
ajfa-4336	116	13	)	)	PUNCT
ajfa-4336	116	14	in	in	ADP
ajfa-4336	116	15	his	his	PRON
ajfa-4336	116	16	partial	partial	ADJ
ajfa-4336	116	17	-	-	PUNCT
ajfa-4336	116	18	likelihood	likelihood	NOUN
ajfa-4336	116	19	approach	approach	NOUN
ajfa-4336	116	20	for	for	ADP
ajfa-4336	116	21	the	the	DET
ajfa-4336	116	22	estimation	estimation	NOUN
ajfa-4336	116	23	of	of	ADP
ajfa-4336	116	24	proportional	proportional	ADJ
ajfa-4336	116	25	hazard	hazard	NOUN
ajfa-4336	116	26	model	model	NOUN
ajfa-4336	116	27	,	,	PUNCT
ajfa-4336	116	28	assumes	assume	VERB
ajfa-4336	116	29	no	no	DET
ajfa-4336	116	30	baseline	baseline	NOUN
ajfa-4336	116	31	hazard	hazard	NOUN
ajfa-4336	116	32	for	for	ADP
ajfa-4336	116	33	any	any	DET
ajfa-4336	116	34	pattern	pattern	NOUN
ajfa-4336	116	35	of	of	ADP
ajfa-4336	116	36	distribution	distribution	NOUN
ajfa-4336	116	37	.	.	PUNCT
ajfa-4336	117	1	both	both	DET
ajfa-4336	117	2	models	model	NOUN
ajfa-4336	117	3	have	have	VERB
ajfa-4336	117	4	different	different	ADJ
ajfa-4336	117	5	thresholds	threshold	NOUN
ajfa-4336	117	6	,	,	PUNCT
ajfa-4336	117	7	characteristics	characteristic	NOUN
ajfa-4336	117	8	,	,	PUNCT
ajfa-4336	117	9	and	and	CCONJ
ajfa-4336	117	10	applications	application	NOUN
ajfa-4336	117	11	.	.	PUNCT
ajfa-4336	118	1	the	the	DET
ajfa-4336	118	2	following	following	NOUN
ajfa-4336	118	3	explains	explain	VERB
ajfa-4336	118	4	the	the	DET
ajfa-4336	118	5	use	use	NOUN
ajfa-4336	118	6	of	of	ADP
ajfa-4336	118	7	proportional	proportional	ADJ
ajfa-4336	118	8	hazard	hazard	NOUN
ajfa-4336	118	9	model	model	NOUN
ajfa-4336	118	10	in	in	ADP
ajfa-4336	118	11	this	this	DET
ajfa-4336	118	12	paper	paper	NOUN
ajfa-4336	118	13	.	.	PUNCT
ajfa-4336	119	1	for	for	ADP
ajfa-4336	119	2	the	the	DET
ajfa-4336	119	3	random	random	ADJ
ajfa-4336	119	4	variablet	variablet	NOUN
ajfa-4336	119	5	,	,	PUNCT
ajfa-4336	119	6	representing	represent	VERB
ajfa-4336	119	7	days	day	NOUN
ajfa-4336	119	8	after	after	ADP
ajfa-4336	119	9	igco	igco	NOUN
ajfa-4336	119	10	,	,	PUNCT
ajfa-4336	119	11	follows	follow	VERB
ajfa-4336	119	12	the	the	DET
ajfa-4336	119	13	probability	probability	NOUN
ajfa-4336	119	14	distribution	distribution	NOUN
ajfa-4336	119	15	of	of	ADP
ajfa-4336	119	16	f(t|x	f(t|x	PROPN
ajfa-4336	119	17	)	)	PUNCT
ajfa-4336	119	18	with	with	ADP
ajfa-4336	119	19	an	an	DET
ajfa-4336	119	20	cumulative	cumulative	ADJ
ajfa-4336	119	21	density	density	NOUN
ajfa-4336	119	22	function	function	NOUN
ajfa-4336	119	23	of	of	ADP
ajfa-4336	119	24	f(t|x	f(t|x	PROPN
ajfa-4336	119	25	)	)	PUNCT
ajfa-4336	119	26	.	.	PUNCT
ajfa-4336	120	1	within	within	ADP
ajfa-4336	120	2	t	t	PROPN
ajfa-4336	120	3	days	day	NOUN
ajfa-4336	120	4	after	after	ADP
ajfa-4336	120	5	the	the	DET
ajfa-4336	120	6	igco	igco	NOUN
ajfa-4336	120	7	,	,	PUNCT
ajfa-4336	120	8	the	the	DET
ajfa-4336	120	9	delisting	delisting	NOUN
ajfa-4336	120	10	probability	probability	NOUN
ajfa-4336	120	11	could	could	AUX
ajfa-4336	120	12	be	be	AUX
ajfa-4336	120	13	written	write	VERB
ajfa-4336	120	14	as	as	ADP
ajfa-4336	120	15	:	:	PUNCT
ajfa-4336	120	16	asian	asian	ADJ
ajfa-4336	120	17	journal	journal	NOUN
ajfa-4336	120	18	of	of	ADP
ajfa-4336	120	19	finance	finance	PROPN
ajfa-4336	120	20	&	&	CCONJ
ajfa-4336	120	21	accounting	accounting	PROPN
ajfa-4336	120	22	issn	issn	PROPN
ajfa-4336	120	23	1946	1946	NUM
ajfa-4336	120	24	-	-	PUNCT
ajfa-4336	120	25	052x	052x	NOUN
ajfa-4336	120	26	2013	2013	NUM
ajfa-4336	120	27	,	,	PUNCT
ajfa-4336	120	28	vol	vol	NOUN
ajfa-4336	120	29	.	.	PROPN
ajfa-4336	120	30	5	5	NUM
ajfa-4336	120	31	,	,	PUNCT
ajfa-4336	120	32	no	no	INTJ
ajfa-4336	120	33	.	.	NOUN
ajfa-4336	120	34	2	2	NUM
ajfa-4336	120	35	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4336	120	36	145	145	NUM
ajfa-4336	120	37	==≤	==≤	VERB
ajfa-4336	120	38	t	t	PROPN
ajfa-4336	120	39	duxufxtfxttprob	duxufxtfxttprob	PROPN
ajfa-4336	120	40	0	0	NUM
ajfa-4336	120	41	)	)	PUNCT
ajfa-4336	120	42	|()|()|	|()|()|	NOUN
ajfa-4336	120	43	(	(	PUNCT
ajfa-4336	120	44	(	(	PUNCT
ajfa-4336	120	45	1	1	X
ajfa-4336	120	46	)	)	PUNCT
ajfa-4336	120	47	the	the	DET
ajfa-4336	120	48	delisting	delisting	NOUN
ajfa-4336	120	49	probability	probability	NOUN
ajfa-4336	120	50	after	after	ADP
ajfa-4336	120	51	t	t	NOUN
ajfa-4336	120	52	days	day	NOUN
ajfa-4336	120	53	in	in	ADP
ajfa-4336	120	54	the	the	DET
ajfa-4336	120	55	survival	survival	NOUN
ajfa-4336	120	56	function	function	NOUN
ajfa-4336	120	57	of	of	ADP
ajfa-4336	120	58	)	)	PUNCT
ajfa-4336	120	59	|	|	ADV
ajfa-4336	120	60	(	(	PUNCT
ajfa-4336	120	61	xts	xts	PROPN
ajfa-4336	120	62	could	could	AUX
ajfa-4336	120	63	be	be	AUX
ajfa-4336	120	64	written	write	VERB
ajfa-4336	120	65	as	as	ADP
ajfa-4336	120	66	:	:	PUNCT
ajfa-4336	120	67	)	)	PUNCT
ajfa-4336	120	68	|(1)|	|(1)|	PROPN
ajfa-4336	120	69	(	(	PUNCT
ajfa-4336	120	70	xtfxts	xtfxts	PROPN
ajfa-4336	120	71	−=	−=	X
ajfa-4336	120	72	.	.	PUNCT
ajfa-4336	121	1	(	(	PUNCT
ajfa-4336	121	2	2	2	X
ajfa-4336	121	3	)	)	PUNCT
ajfa-4336	121	4	thus	thus	ADV
ajfa-4336	121	5	,	,	PUNCT
ajfa-4336	121	6	the	the	DET
ajfa-4336	121	7	hazard	hazard	NOUN
ajfa-4336	121	8	rate	rate	NOUN
ajfa-4336	121	9	)	)	PUNCT
ajfa-4336	121	10	|	|	ADV
ajfa-4336	121	11	(	(	PUNCT
ajfa-4336	121	12	xth	xth	PROPN
ajfa-4336	121	13	for	for	ADP
ajfa-4336	121	14	delisting	delist	VERB
ajfa-4336	121	15	occurring	occur	VERB
ajfa-4336	121	16	at	at	ADP
ajfa-4336	121	17	t	t	NOUN
ajfa-4336	121	18	days	day	NOUN
ajfa-4336	121	19	could	could	AUX
ajfa-4336	121	20	be	be	AUX
ajfa-4336	121	21	written	write	VERB
ajfa-4336	121	22	as	as	ADP
ajfa-4336	121	23	the	the	DET
ajfa-4336	121	24	following	following	NOUN
ajfa-4336	121	25	:	:	PUNCT
ajfa-4336	121	26	)	)	PUNCT
ajfa-4336	121	27	|	|	ADV
ajfa-4336	121	28	(	(	PUNCT
ajfa-4336	121	29	)	)	PUNCT
ajfa-4336	121	30	|	|	ADV
ajfa-4336	121	31	(	(	PUNCT
ajfa-4336	121	32	)	)	PUNCT
ajfa-4336	121	33	,	,	PUNCT
ajfa-4336	121	34	|	|	ADV
ajfa-4336	121	35	(	(	PUNCT
ajfa-4336	121	36	)	)	PUNCT
ajfa-4336	121	37	,	,	PUNCT
ajfa-4336	122	1	|	|	ADV
ajfa-4336	122	2	(	(	PUNCT
ajfa-4336	122	3	lim)|	lim)|	PROPN
ajfa-4336	122	4	(	(	PUNCT
ajfa-4336	122	5	0	0	NUM
ajfa-4336	122	6	xts	xts	PROPN
ajfa-4336	122	7	xtf	xtf	PROPN
ajfa-4336	122	8	xtttf	xtttf	PROPN
ajfa-4336	122	9	xtttttprob	xtttttprob	PROPN
ajfa-4336	122	10	xth	xth	PROPN
ajfa-4336	123	1	=	=	PRON
ajfa-4336	123	2	≥=≥+≤≤=	≥=≥+≤≤=	PROPN
ajfa-4336	123	3	→	→	SYM
ajfa-4336	123	4	δ	δ	PROPN
ajfa-4336	123	5	δ	δ	PROPN
ajfa-4336	123	6	δ	δ	PROPN
ajfa-4336	123	7	.	.	PUNCT
ajfa-4336	124	1	(	(	PUNCT
ajfa-4336	124	2	3	3	X
ajfa-4336	124	3	)	)	PUNCT
ajfa-4336	124	4	from	from	ADP
ajfa-4336	124	5	equation	equation	NOUN
ajfa-4336	124	6	(	(	PUNCT
ajfa-4336	124	7	1	1	NUM
ajfa-4336	124	8	)	)	PUNCT
ajfa-4336	124	9	,	,	PUNCT
ajfa-4336	124	10	(	(	PUNCT
ajfa-4336	124	11	2	2	X
ajfa-4336	124	12	)	)	PUNCT
ajfa-4336	124	13	and	and	CCONJ
ajfa-4336	124	14	(	(	PUNCT
ajfa-4336	124	15	3	3	NUM
ajfa-4336	124	16	)	)	PUNCT
ajfa-4336	124	17	,	,	PUNCT
ajfa-4336	124	18	we	we	PRON
ajfa-4336	124	19	can	can	AUX
ajfa-4336	124	20	obtain	obtain	VERB
ajfa-4336	124	21	the	the	DET
ajfa-4336	124	22	following	follow	VERB
ajfa-4336	124	23	three	three	NUM
ajfa-4336	124	24	equations	equation	NOUN
ajfa-4336	124	25	:	:	PUNCT
ajfa-4336	124	26	dt	dt	PROPN
ajfa-4336	124	27	xtsd	xtsd	PROPN
ajfa-4336	124	28	xth	xth	PROPN
ajfa-4336	124	29	)	)	PUNCT
ajfa-4336	124	30	|(log	|(log	NUM
ajfa-4336	124	31	)	)	PUNCT
ajfa-4336	125	1	|	|	ADV
ajfa-4336	125	2	(	(	PUNCT
ajfa-4336	125	3	−=	−=	X
ajfa-4336	125	4	(	(	PUNCT
ajfa-4336	125	5	4	4	NUM
ajfa-4336	125	6	)	)	PUNCT
ajfa-4336	125	7	)	)	PUNCT
ajfa-4336	126	1	|()|()|	|()|()|	NOUN
ajfa-4336	126	2	(	(	PUNCT
ajfa-4336	126	3	xthxtsxtf	xthxtsxtf	PROPN
ajfa-4336	126	4	=	=	SYM
ajfa-4336	126	5	(	(	PUNCT
ajfa-4336	126	6	5	5	NUM
ajfa-4336	126	7	)	)	PUNCT
ajfa-4336	126	8	−=	−=	NUM
ajfa-4336	126	9	t	t	PROPN
ajfa-4336	126	10	duxuhxts	duxuhxts	NOUN
ajfa-4336	126	11	0	0	NUM
ajfa-4336	126	12	)	)	PUNCT
ajfa-4336	126	13	)	)	PUNCT
ajfa-4336	127	1	|(exp()|	|(exp()|	PROPN
ajfa-4336	127	2	(	(	PUNCT
ajfa-4336	127	3	.	.	PUNCT
ajfa-4336	128	1	(	(	PUNCT
ajfa-4336	128	2	6	6	NUM
ajfa-4336	128	3	)	)	PUNCT
ajfa-4336	128	4	to	to	PART
ajfa-4336	128	5	estimate	estimate	VERB
ajfa-4336	128	6	the	the	DET
ajfa-4336	128	7	relation	relation	NOUN
ajfa-4336	128	8	between	between	ADP
ajfa-4336	128	9	variables	variable	NOUN
ajfa-4336	128	10	and	and	CCONJ
ajfa-4336	128	11	the	the	DET
ajfa-4336	128	12	survival	survival	NOUN
ajfa-4336	128	13	period	period	NOUN
ajfa-4336	128	14	,	,	PUNCT
ajfa-4336	128	15	any	any	DET
ajfa-4336	128	16	function	function	NOUN
ajfa-4336	128	17	set	set	VERB
ajfa-4336	128	18	for	for	ADP
ajfa-4336	128	19	)	)	PUNCT
ajfa-4336	128	20	|	|	NOUN
ajfa-4336	128	21	(	(	PUNCT
ajfa-4336	128	22	xtf	xtf	PROPN
ajfa-4336	128	23	,	,	PUNCT
ajfa-4336	128	24	)	)	PUNCT
ajfa-4336	128	25	|	|	ADV
ajfa-4336	128	26	(	(	PUNCT
ajfa-4336	128	27	xtf	xtf	PROPN
ajfa-4336	128	28	,	,	PUNCT
ajfa-4336	128	29	)	)	PUNCT
ajfa-4336	128	30	|	|	ADV
ajfa-4336	128	31	(	(	PUNCT
ajfa-4336	128	32	xth	xth	PROPN
ajfa-4336	128	33	,	,	PUNCT
ajfa-4336	128	34	or	or	CCONJ
ajfa-4336	128	35	)	)	PUNCT
ajfa-4336	128	36	|	|	ADV
ajfa-4336	128	37	(	(	PUNCT
ajfa-4336	128	38	xts	xts	PROPN
ajfa-4336	128	39	must	must	AUX
ajfa-4336	128	40	be	be	AUX
ajfa-4336	128	41	known	know	VERB
ajfa-4336	128	42	.	.	PUNCT
ajfa-4336	129	1	this	this	DET
ajfa-4336	129	2	paper	paper	NOUN
ajfa-4336	129	3	follows	follow	VERB
ajfa-4336	129	4	cox	cox	PROPN
ajfa-4336	129	5	’s	’s	PART
ajfa-4336	129	6	(	(	PUNCT
ajfa-4336	129	7	1972	1972	NUM
ajfa-4336	129	8	)	)	PUNCT
ajfa-4336	129	9	partial	partial	ADJ
ajfa-4336	129	10	log	log	NOUN
ajfa-4336	129	11	-	-	PUNCT
ajfa-4336	129	12	likelihood	likelihood	NOUN
ajfa-4336	129	13	method	method	NOUN
ajfa-4336	129	14	to	to	PART
ajfa-4336	129	15	estimate	estimate	VERB
ajfa-4336	129	16	the	the	DET
ajfa-4336	129	17	proportional	proportional	ADJ
ajfa-4336	129	18	hazards	hazard	NOUN
ajfa-4336	129	19	model	model	NOUN
ajfa-4336	129	20	.	.	PUNCT
ajfa-4336	130	1	the	the	DET
ajfa-4336	130	2	hazard	hazard	NOUN
ajfa-4336	130	3	rate	rate	NOUN
ajfa-4336	130	4	is	be	AUX
ajfa-4336	130	5	set	set	VERB
ajfa-4336	130	6	as	as	ADP
ajfa-4336	130	7	the	the	DET
ajfa-4336	130	8	following	following	NOUN
ajfa-4336	130	9	:	:	PUNCT
ajfa-4336	130	10	βxethxth	βxethxth	NOUN
ajfa-4336	130	11	)	)	PUNCT
ajfa-4336	130	12	(	(	PUNCT
ajfa-4336	130	13	)	)	PUNCT
ajfa-4336	130	14	|	|	ADV
ajfa-4336	130	15	(	(	PUNCT
ajfa-4336	130	16	0=	0=	NOUN
ajfa-4336	130	17	(	(	PUNCT
ajfa-4336	130	18	7	7	NUM
ajfa-4336	130	19	)	)	PUNCT
ajfa-4336	130	20	of	of	ADP
ajfa-4336	130	21	which	which	PRON
ajfa-4336	130	22	x	x	PRON
ajfa-4336	130	23	describes	describe	VERB
ajfa-4336	130	24	the	the	DET
ajfa-4336	130	25	structures	structure	NOUN
ajfa-4336	130	26	for	for	ADP
ajfa-4336	130	27	listing	list	VERB
ajfa-4336	130	28	firms	firm	NOUN
ajfa-4336	130	29	and	and	CCONJ
ajfa-4336	130	30	β	β	X
ajfa-4336	130	31	is	be	AUX
ajfa-4336	130	32	the	the	DET
ajfa-4336	130	33	coefficient	coefficient	NOUN
ajfa-4336	130	34	.	.	PUNCT
ajfa-4336	131	1	different	different	ADJ
ajfa-4336	131	2	characteristics	characteristic	NOUN
ajfa-4336	131	3	of	of	ADP
ajfa-4336	131	4	x	x	PRON
ajfa-4336	131	5	may	may	AUX
ajfa-4336	131	6	cause	cause	VERB
ajfa-4336	131	7	delisting	delisting	NOUN
ajfa-4336	131	8	effects	effect	NOUN
ajfa-4336	131	9	differently	differently	ADV
ajfa-4336	131	10	,	,	PUNCT
ajfa-4336	131	11	so	so	CCONJ
ajfa-4336	131	12	the	the	DET
ajfa-4336	131	13	sign	sign	NOUN
ajfa-4336	131	14	for	for	ADP
ajfa-4336	131	15	each	each	DET
ajfa-4336	131	16	corresponding	corresponding	ADJ
ajfa-4336	131	17	coefficient	coefficient	NOUN
ajfa-4336	131	18	could	could	AUX
ajfa-4336	131	19	be	be	AUX
ajfa-4336	131	20	positive	positive	ADJ
ajfa-4336	131	21	or	or	CCONJ
ajfa-4336	131	22	negative	negative	ADJ
ajfa-4336	131	23	.	.	PUNCT
ajfa-4336	132	1	the	the	DET
ajfa-4336	132	2	baseline	baseline	NOUN
ajfa-4336	132	3	hazard	hazard	NOUN
ajfa-4336	132	4	)	)	PUNCT
ajfa-4336	132	5	(	(	PUNCT
ajfa-4336	132	6	0	0	NUM
ajfa-4336	132	7	th	th	X
ajfa-4336	132	8	is	be	AUX
ajfa-4336	132	9	the	the	DET
ajfa-4336	132	10	unobserved	unobserved	ADJ
ajfa-4336	132	11	variable	variable	ADJ
ajfa-4336	132	12	effects	effect	NOUN
ajfa-4336	132	13	on	on	ADP
ajfa-4336	132	14	the	the	DET
ajfa-4336	132	15	hazard	hazard	NOUN
ajfa-4336	132	16	rate	rate	NOUN
ajfa-4336	132	17	.	.	PUNCT
ajfa-4336	133	1	from	from	ADP
ajfa-4336	133	2	equation	equation	NOUN
ajfa-4336	133	3	(	(	PUNCT
ajfa-4336	133	4	7	7	NUM
ajfa-4336	133	5	)	)	PUNCT
ajfa-4336	133	6	,	,	PUNCT
ajfa-4336	133	7	we	we	PRON
ajfa-4336	133	8	can	can	AUX
ajfa-4336	133	9	obtain	obtain	VERB
ajfa-4336	133	10	the	the	DET
ajfa-4336	133	11	parameter	parameter	NOUN
ajfa-4336	133	12	function	function	NOUN
ajfa-4336	133	13	for	for	ADP
ajfa-4336	133	14	)	)	PUNCT
ajfa-4336	133	15	|	|	PROPN
ajfa-4336	133	16	(	(	PUNCT
ajfa-4336	133	17	xth	xth	PROPN
ajfa-4336	133	18	but	but	CCONJ
ajfa-4336	133	19	not	not	PART
ajfa-4336	133	20	)	)	PUNCT
ajfa-4336	133	21	(	(	PUNCT
ajfa-4336	133	22	0	0	NUM
ajfa-4336	133	23	th	th	INTJ
ajfa-4336	133	24	.	.	PUNCT
ajfa-4336	134	1	therefore	therefore	ADV
ajfa-4336	134	2	,	,	PUNCT
ajfa-4336	134	3	the	the	DET
ajfa-4336	134	4	proportional	proportional	ADJ
ajfa-4336	134	5	hazard	hazard	NOUN
ajfa-4336	134	6	model	model	NOUN
ajfa-4336	134	7	is	be	AUX
ajfa-4336	134	8	called	call	VERB
ajfa-4336	134	9	the	the	DET
ajfa-4336	134	10	semi	semi	ADJ
ajfa-4336	134	11	-	-	ADJ
ajfa-4336	134	12	parametric	parametric	ADJ
ajfa-4336	134	13	estimation	estimation	NOUN
ajfa-4336	134	14	method	method	NOUN
ajfa-4336	134	15	.	.	PUNCT
ajfa-4336	135	1	the	the	DET
ajfa-4336	135	2	estimation	estimation	NOUN
ajfa-4336	135	3	for	for	ADP
ajfa-4336	135	4	β	β	PROPN
ajfa-4336	135	5	is	be	AUX
ajfa-4336	135	6	based	base	VERB
ajfa-4336	135	7	on	on	ADP
ajfa-4336	135	8	the	the	DET
ajfa-4336	135	9	partial	partial	ADJ
ajfa-4336	135	10	-	-	PUNCT
ajfa-4336	135	11	likelihood	likelihood	NOUN
ajfa-4336	135	12	approach	approach	NOUN
ajfa-4336	135	13	.	.	PUNCT
ajfa-4336	136	1	this	this	DET
ajfa-4336	136	2	approach	approach	NOUN
ajfa-4336	136	3	first	first	ADV
ajfa-4336	136	4	arranges	arrange	VERB
ajfa-4336	136	5	the	the	DET
ajfa-4336	136	6	sample	sample	NOUN
ajfa-4336	136	7	in	in	ADP
ajfa-4336	136	8	the	the	DET
ajfa-4336	136	9	order	order	NOUN
ajfa-4336	136	10	of	of	ADP
ajfa-4336	136	11	the	the	DET
ajfa-4336	136	12	delisting	delisting	NOUN
ajfa-4336	136	13	and	and	CCONJ
ajfa-4336	136	14	assumes	assume	VERB
ajfa-4336	136	15	n	n	PRON
ajfa-4336	136	16	number	number	NOUN
ajfa-4336	136	17	of	of	ADP
ajfa-4336	136	18	listing	list	VERB
ajfa-4336	136	19	firms	firm	NOUN
ajfa-4336	136	20	in	in	ADP
ajfa-4336	136	21	the	the	DET
ajfa-4336	136	22	sample	sample	NOUN
ajfa-4336	136	23	.	.	PUNCT
ajfa-4336	137	1	thus	thus	ADV
ajfa-4336	137	2	,	,	PUNCT
ajfa-4336	137	3	each	each	DET
ajfa-4336	137	4	t	t	NOUN
ajfa-4336	137	5	in	in	ADP
ajfa-4336	137	6	a	a	DET
ajfa-4336	137	7	listing	list	VERB
ajfa-4336	137	8	firm	firm	ADJ
ajfa-4336	137	9	asian	asian	ADJ
ajfa-4336	137	10	journal	journal	NOUN
ajfa-4336	137	11	of	of	ADP
ajfa-4336	137	12	finance	finance	PROPN
ajfa-4336	137	13	&	&	CCONJ
ajfa-4336	137	14	accounting	accounting	PROPN
ajfa-4336	137	15	issn	issn	PROPN
ajfa-4336	137	16	1946	1946	NUM
ajfa-4336	137	17	-	-	PUNCT
ajfa-4336	137	18	052x	052x	NOUN
ajfa-4336	137	19	2013	2013	NUM
ajfa-4336	137	20	,	,	PUNCT
ajfa-4336	137	21	vol	vol	NOUN
ajfa-4336	137	22	.	.	PROPN
ajfa-4336	137	23	5	5	NUM
ajfa-4336	137	24	,	,	PUNCT
ajfa-4336	137	25	no	no	INTJ
ajfa-4336	137	26	.	.	NOUN
ajfa-4336	137	27	2	2	NUM
ajfa-4336	137	28	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4336	137	29	146	146	NUM
ajfa-4336	137	30	satisfies	satisfie	NOUN
ajfa-4336	137	31			PROPN
ajfa-4336	137	32	321	321	NUM
ajfa-4336	137	33	ttt	ttt	NOUN
ajfa-4336	137	34	.	.	PUNCT
ajfa-4336	138	1	when	when	SCONJ
ajfa-4336	138	2	at	at	ADP
ajfa-4336	138	3	1	1	NUM
ajfa-4336	138	4	t	t	NOUN
ajfa-4336	138	5	,	,	PUNCT
ajfa-4336	138	6	the	the	DET
ajfa-4336	138	7	conditional	conditional	ADJ
ajfa-4336	138	8	delisting	delisting	NOUN
ajfa-4336	138	9	probability	probability	NOUN
ajfa-4336	138	10	for	for	ADP
ajfa-4336	138	11	the	the	DET
ajfa-4336	138	12	first	first	ADJ
ajfa-4336	138	13	firm	firm	NOUN
ajfa-4336	138	14	is	be	AUX
ajfa-4336	138	15	as	as	ADP
ajfa-4336	138	16	the	the	DET
ajfa-4336	138	17	following	following	NOUN
ajfa-4336	138	18	:	:	PUNCT
ajfa-4336	138	19			NOUN
ajfa-4336	139	1	=	=	NOUN
ajfa-4336	139	2	=	=	SYM
ajfa-4336	139	3	=	=	SYM
ajfa-4336	139	4	=	=	SYM
ajfa-4336	139	5	n	n	PRON
ajfa-4336	139	6	t	t	NOUN
ajfa-4336	139	7	x	x	PUNCT
ajfa-4336	139	8	x	x	PROPN
ajfa-4336	139	9	n	n	NUM
ajfa-4336	139	10	t	t	X
ajfa-4336	139	11	ie	ie	X
ajfa-4336	139	12	e	e	PROPN
ajfa-4336	139	13	xth	xth	PROPN
ajfa-4336	139	14	xth	xth	PROPN
ajfa-4336	139	15	l	l	PROPN
ajfa-4336	139	16	11	11	NUM
ajfa-4336	139	17	11	11	NUM
ajfa-4336	139	18	11	11	NUM
ajfa-4336	139	19	1	1	NUM
ajfa-4336	139	20	1	1	NUM
ajfa-4336	139	21	)	)	PUNCT
ajfa-4336	139	22	|	|	NOUN
ajfa-4336	139	23	(	(	PUNCT
ajfa-4336	139	24	)	)	PUNCT
ajfa-4336	139	25	|	|	ADV
ajfa-4336	139	26	(	(	PUNCT
ajfa-4336	139	27	β	β	X
ajfa-4336	139	28	β	β	X
ajfa-4336	139	29	β	β	X
ajfa-4336	139	30	β	β	X
ajfa-4336	139	31	.	.	PUNCT
ajfa-4336	140	1	(	(	PUNCT
ajfa-4336	140	2	8)	8)	NUM
ajfa-4336	140	3	at	at	ADP
ajfa-4336	140	4	jt	jt	PROPN
ajfa-4336	140	5	,	,	PUNCT
ajfa-4336	140	6	the	the	DET
ajfa-4336	140	7	conditional	conditional	ADJ
ajfa-4336	140	8	delisting	delisting	NOUN
ajfa-4336	140	9	probability	probability	NOUN
ajfa-4336	140	10	for	for	ADP
ajfa-4336	140	11	the	the	DET
ajfa-4336	140	12	j	j	PROPN
ajfa-4336	140	13	th	th	X
ajfa-4336	140	14	firm	firm	NOUN
ajfa-4336	140	15	is	be	AUX
ajfa-4336	140	16	as	as	ADP
ajfa-4336	140	17	the	the	DET
ajfa-4336	140	18	following	following	NOUN
ajfa-4336	140	19	:	:	PUNCT
ajfa-4336	140	20			NOUN
ajfa-4336	141	1	=	=	NOUN
ajfa-4336	141	2	=	=	SYM
ajfa-4336	141	3	=	=	SYM
ajfa-4336	141	4	=	=	SYM
ajfa-4336	141	5	n	n	NOUN
ajfa-4336	141	6	i	i	NOUN
ajfa-4336	141	7	x	x	PROPN
ajfa-4336	141	8	x	x	VERB
ajfa-4336	141	9	n	n	INTJ
ajfa-4336	141	10	i	i	NOUN
ajfa-4336	141	11	ii	ii	PROPN
ajfa-4336	142	1	jj	jj	PROPN
ajfa-4336	142	2	j	j	PROPN
ajfa-4336	143	1	i	i	PRON
ajfa-4336	143	2	j	j	PROPN
ajfa-4336	143	3	e	e	PROPN
ajfa-4336	143	4	e	e	PROPN
ajfa-4336	143	5	xth	xth	PROPN
ajfa-4336	143	6	xth	xth	PROPN
ajfa-4336	143	7	l	l	PROPN
ajfa-4336	143	8	11	11	NUM
ajfa-4336	143	9	)	)	PUNCT
ajfa-4336	143	10	|	|	NOUN
ajfa-4336	143	11	(	(	PUNCT
ajfa-4336	143	12	)	)	PUNCT
ajfa-4336	143	13	|	|	ADV
ajfa-4336	143	14	(	(	PUNCT
ajfa-4336	143	15	β	β	X
ajfa-4336	143	16	β	β	X
ajfa-4336	143	17	β	β	X
ajfa-4336	143	18	β	β	X
ajfa-4336	143	19	.	.	PUNCT
ajfa-4336	144	1	(	(	PUNCT
ajfa-4336	144	2	9	9	NUM
ajfa-4336	144	3	)	)	PUNCT
ajfa-4336	144	4	from	from	ADP
ajfa-4336	144	5	equation	equation	NOUN
ajfa-4336	144	6	(	(	PUNCT
ajfa-4336	144	7	8)	8)	NUM
ajfa-4336	144	8	and	and	CCONJ
ajfa-4336	144	9	(	(	PUNCT
ajfa-4336	144	10	9	9	NUM
ajfa-4336	144	11	)	)	PUNCT
ajfa-4336	144	12	,	,	PUNCT
ajfa-4336	144	13	we	we	PRON
ajfa-4336	144	14	can	can	AUX
ajfa-4336	144	15	write	write	VERB
ajfa-4336	144	16	the	the	DET
ajfa-4336	144	17	partial	partial	ADJ
ajfa-4336	144	18	likelihood	likelihood	NOUN
ajfa-4336	144	19	function	function	NOUN
ajfa-4336	144	20	,	,	PUNCT
ajfa-4336	144	21	pl	pl	X
ajfa-4336	144	22	as	as	ADP
ajfa-4336	144	23	in	in	ADP
ajfa-4336	144	24	the	the	DET
ajfa-4336	144	25	following	following	NOUN
ajfa-4336	144	26	:	:	PUNCT
ajfa-4336	144	27	∏	∏	PROPN
ajfa-4336	144	28	∏	∏	X
ajfa-4336	144	29	=	=	X
ajfa-4336	144	30	=	=	PUNCT
ajfa-4336	145	1	=	=	SYM
ajfa-4336	145	2	×	×	NOUN
ajfa-4336	145	3	=	=	SYM
ajfa-4336	145	4	=	=	SYM
ajfa-4336	145	5	n	n	PROPN
ajfa-4336	145	6	i	i	PRON
ajfa-4336	146	1	n	n	VERB
ajfa-4336	146	2	i	i	PRON
ajfa-4336	147	1	n	n	VERB
ajfa-4336	148	1	i	i	PRON
ajfa-4336	148	2	jij	jij	VERB
ajfa-4336	149	1	i	i	PRON
ajfa-4336	150	1	i	i	PRON
ajfa-4336	151	1	i	i	PRON
ajfa-4336	151	2	xy	xy	VERB
ajfa-4336	151	3	x	x	SYM
ajfa-4336	151	4	lpl	lpl	PROPN
ajfa-4336	151	5	1	1	NUM
ajfa-4336	151	6	1	1	NUM
ajfa-4336	151	7	1	1	NUM
ajfa-4336	151	8	]	]	PUNCT
ajfa-4336	151	9	)	)	PUNCT
ajfa-4336	151	10	exp	exp	NOUN
ajfa-4336	151	11	(	(	PUNCT
ajfa-4336	151	12	)	)	PUNCT
ajfa-4336	151	13	exp	exp	NOUN
ajfa-4336	151	14	(	(	PUNCT
ajfa-4336	151	15	[	[	PUNCT
ajfa-4336	151	16	δ	δ	NOUN
ajfa-4336	151	17	β	β	X
ajfa-4336	151	18	β	β	X
ajfa-4336	151	19	.	.	PUNCT
ajfa-4336	152	1	(	(	PUNCT
ajfa-4336	152	2	10	10	NUM
ajfa-4336	152	3	)	)	PUNCT
ajfa-4336	152	4	in	in	ADP
ajfa-4336	152	5	equation	equation	NOUN
ajfa-4336	152	6	(	(	PUNCT
ajfa-4336	152	7	10	10	NUM
ajfa-4336	152	8	)	)	PUNCT
ajfa-4336	152	9	,	,	PUNCT
ajfa-4336	152	10	if	if	SCONJ
ajfa-4336	152	11	ij	ij	INTJ
ajfa-4336	152	12	tt	tt	PROPN
ajfa-4336	152	13	≥	≥	NOUN
ajfa-4336	152	14	,	,	PUNCT
ajfa-4336	152	15	then	then	ADV
ajfa-4336	152	16	let	let	VERB
ajfa-4336	152	17	1	1	NUM
ajfa-4336	152	18	=	=	NOUN
ajfa-4336	152	19	ijy	ijy	NOUN
ajfa-4336	152	20	and	and	CCONJ
ajfa-4336	152	21	if	if	SCONJ
ajfa-4336	152	22	ij	ij	INTJ
ajfa-4336	152	23	tt	tt	PROPN
ajfa-4336	152	24			PROPN
ajfa-4336	152	25	,	,	PUNCT
ajfa-4336	152	26	then	then	ADV
ajfa-4336	152	27	let	let	VERB
ajfa-4336	152	28	0	0	NUM
ajfa-4336	152	29	=	=	NOUN
ajfa-4336	152	30	ijy	ijy	NOUN
ajfa-4336	152	31	.	.	PUNCT
ajfa-4336	153	1	if	if	SCONJ
ajfa-4336	153	2	the	the	DET
ajfa-4336	153	3	data	datum	NOUN
ajfa-4336	153	4	is	be	AUX
ajfa-4336	153	5	censored	censor	VERB
ajfa-4336	153	6	,	,	PUNCT
ajfa-4336	153	7	then	then	ADV
ajfa-4336	153	8	0	0	NUM
ajfa-4336	153	9	=	=	NOUN
ajfa-4336	153	10	iδ	iδ	NOUN
ajfa-4336	153	11	,	,	PUNCT
ajfa-4336	153	12	and	and	CCONJ
ajfa-4336	153	13	if	if	SCONJ
ajfa-4336	153	14	not	not	PART
ajfa-4336	153	15	censored	censor	VERB
ajfa-4336	153	16	,	,	PUNCT
ajfa-4336	153	17	then	then	ADV
ajfa-4336	153	18	1	1	NUM
ajfa-4336	153	19	=	=	NOUN
ajfa-4336	153	20	iδ	iδ	NOUN
ajfa-4336	153	21	.	.	PUNCT
ajfa-4336	154	1	therefore	therefore	ADV
ajfa-4336	154	2	,	,	PUNCT
ajfa-4336	154	3	a	a	DET
ajfa-4336	154	4	set	set	NOUN
ajfa-4336	154	5	of	of	ADP
ajfa-4336	154	6	coefficients	coefficient	NOUN
ajfa-4336	154	7	β	β	X
ajfa-4336	154	8	can	can	AUX
ajfa-4336	154	9	be	be	AUX
ajfa-4336	154	10	obtained	obtain	VERB
ajfa-4336	154	11	in	in	ADP
ajfa-4336	154	12	which	which	PRON
ajfa-4336	154	13	the	the	DET
ajfa-4336	154	14	partial	partial	ADJ
ajfa-4336	154	15	likelihood	likelihood	NOUN
ajfa-4336	154	16	function	function	NOUN
ajfa-4336	154	17	reaches	reach	VERB
ajfa-4336	154	18	its	its	PRON
ajfa-4336	154	19	maximum	maximum	ADJ
ajfa-4336	154	20	value	value	NOUN
ajfa-4336	154	21	.	.	PUNCT
ajfa-4336	155	1	the	the	DET
ajfa-4336	155	2	β	β	PROPN
ajfa-4336	155	3	set	set	NOUN
ajfa-4336	155	4	is	be	AUX
ajfa-4336	155	5	our	our	PRON
ajfa-4336	155	6	estimated	estimate	VERB
ajfa-4336	155	7	targets	target	NOUN
ajfa-4336	155	8	.	.	PUNCT
ajfa-4336	156	1	from	from	ADP
ajfa-4336	156	2	the	the	DET
ajfa-4336	156	3	above	above	NOUN
ajfa-4336	156	4	,	,	PUNCT
ajfa-4336	156	5	the	the	DET
ajfa-4336	156	6	proportional	proportional	ADJ
ajfa-4336	156	7	hazard	hazard	NOUN
ajfa-4336	156	8	model	model	NOUN
ajfa-4336	156	9	merely	merely	ADV
ajfa-4336	156	10	assumes	assume	VERB
ajfa-4336	156	11	the	the	DET
ajfa-4336	156	12	relation	relation	NOUN
ajfa-4336	156	13	between	between	ADP
ajfa-4336	156	14	the	the	DET
ajfa-4336	156	15	hazard	hazard	NOUN
ajfa-4336	156	16	rate	rate	NOUN
ajfa-4336	156	17	and	and	CCONJ
ajfa-4336	156	18	the	the	DET
ajfa-4336	156	19	baseline	baseline	ADJ
ajfa-4336	156	20	hazard	hazard	NOUN
ajfa-4336	156	21	.	.	PUNCT
ajfa-4336	157	1	in	in	ADP
ajfa-4336	157	2	equation	equation	NOUN
ajfa-4336	157	3	(	(	PUNCT
ajfa-4336	157	4	7	7	NUM
ajfa-4336	157	5	)	)	PUNCT
ajfa-4336	157	6	,	,	PUNCT
ajfa-4336	157	7	the	the	DET
ajfa-4336	157	8	hazard	hazard	NOUN
ajfa-4336	157	9	rate	rate	NOUN
ajfa-4336	157	10	and	and	CCONJ
ajfa-4336	157	11	the	the	DET
ajfa-4336	157	12	followed	follow	VERB
ajfa-4336	157	13	distribution	distribution	NOUN
ajfa-4336	157	14	in	in	ADP
ajfa-4336	157	15	the	the	DET
ajfa-4336	157	16	survival	survival	NOUN
ajfa-4336	157	17	period	period	NOUN
ajfa-4336	157	18	are	be	AUX
ajfa-4336	157	19	not	not	PART
ajfa-4336	157	20	set	set	VERB
ajfa-4336	157	21	.	.	PUNCT
ajfa-4336	158	1	the	the	DET
ajfa-4336	158	2	main	main	ADJ
ajfa-4336	158	3	difference	difference	NOUN
ajfa-4336	158	4	between	between	ADP
ajfa-4336	158	5	the	the	DET
ajfa-4336	158	6	two	two	NUM
ajfa-4336	158	7	models	model	NOUN
ajfa-4336	158	8	(	(	PUNCT
ajfa-4336	158	9	the	the	DET
ajfa-4336	158	10	proportional	proportional	ADJ
ajfa-4336	158	11	hazards	hazard	NOUN
ajfa-4336	158	12	and	and	CCONJ
ajfa-4336	158	13	the	the	DET
ajfa-4336	158	14	accelerated	accelerated	ADJ
ajfa-4336	158	15	failure	failure	NOUN
ajfa-4336	158	16	time	time	NOUN
ajfa-4336	158	17	)	)	PUNCT
ajfa-4336	158	18	is	be	AUX
ajfa-4336	158	19	in	in	ADP
ajfa-4336	158	20	the	the	DET
ajfa-4336	158	21	assumption	assumption	NOUN
ajfa-4336	158	22	that	that	SCONJ
ajfa-4336	158	23	the	the	DET
ajfa-4336	158	24	survival	survival	NOUN
ajfa-4336	158	25	period	period	NOUN
ajfa-4336	158	26	follows	follow	VERB
ajfa-4336	158	27	a	a	DET
ajfa-4336	158	28	certain	certain	ADJ
ajfa-4336	158	29	distribution	distribution	NOUN
ajfa-4336	158	30	.	.	PUNCT
ajfa-4336	159	1	the	the	DET
ajfa-4336	159	2	model	model	NOUN
ajfa-4336	159	3	is	be	AUX
ajfa-4336	159	4	set	set	VERB
ajfa-4336	159	5	as	as	ADP
ajfa-4336	159	6	the	the	DET
ajfa-4336	159	7	following	following	NOUN
ajfa-4336	159	8	:	:	PUNCT
ajfa-4336	159	9	)	)	PUNCT
ajfa-4336	159	10	exp	exp	NOUN
ajfa-4336	159	11	(	(	PUNCT
ajfa-4336	159	12	σεβ	σεβ	ADV
ajfa-4336	159	13	+	+	X
ajfa-4336	159	14	=	=	X
ajfa-4336	159	15	xt	xt	X
ajfa-4336	159	16	,	,	PUNCT
ajfa-4336	159	17	(	(	PUNCT
ajfa-4336	159	18	11	11	NUM
ajfa-4336	159	19	)	)	PUNCT
ajfa-4336	159	20	of	of	ADP
ajfa-4336	159	21	which	which	PRON
ajfa-4336	159	22	t	t	PROPN
ajfa-4336	159	23	follows	follow	VERB
ajfa-4336	159	24	a	a	DET
ajfa-4336	159	25	certain	certain	ADJ
ajfa-4336	159	26	distribution	distribution	NOUN
ajfa-4336	159	27	of	of	ADP
ajfa-4336	159	28	f(t),σ	f(t),σ	NOUN
ajfa-4336	159	29	is	be	AUX
ajfa-4336	159	30	the	the	DET
ajfa-4336	159	31	scale	scale	NOUN
ajfa-4336	159	32	parameter	parameter	NOUN
ajfa-4336	159	33	,	,	PUNCT
ajfa-4336	159	34	and	and	CCONJ
ajfa-4336	159	35	ε	ε	PROPN
ajfa-4336	159	36	is	be	AUX
ajfa-4336	159	37	the	the	DET
ajfa-4336	159	38	standard	standard	ADJ
ajfa-4336	159	39	error	error	NOUN
ajfa-4336	159	40	term	term	NOUN
ajfa-4336	159	41	.	.	PUNCT
ajfa-4336	160	1	we	we	PRON
ajfa-4336	160	2	can	can	AUX
ajfa-4336	160	3	write	write	VERB
ajfa-4336	160	4	the	the	DET
ajfa-4336	160	5	likelihood	likelihood	NOUN
ajfa-4336	160	6	function	function	NOUN
ajfa-4336	160	7	l	l	NOUN
ajfa-4336	160	8	as	as	ADP
ajfa-4336	160	9	the	the	DET
ajfa-4336	160	10	following	following	NOUN
ajfa-4336	160	11	:	:	PUNCT
ajfa-4336	160	12	∏	∏	PROPN
ajfa-4336	160	13	∏	∏	X
ajfa-4336	160	14	=	=	PUNCT
ajfa-4336	160	15	=	=	PUNCT
ajfa-4336	160	16	−−	−−	NOUN
ajfa-4336	160	17	=	=	SYM
ajfa-4336	160	18	−=	−=	NOUN
ajfa-4336	160	19	n	n	PROPN
ajfa-4336	160	20	t	t	NOUN
ajfa-4336	160	21	n	n	NOUN
ajfa-4336	160	22	i	i	PRON
ajfa-4336	160	23	iiiiiiii	iiiiiiii	PROPN
ajfa-4336	160	24	iiii	iiii	NOUN
ajfa-4336	160	25	tstftftfl	tstftftfl	NOUN
ajfa-4336	161	1	1	1	NUM
ajfa-4336	161	2	1	1	NUM
ajfa-4336	161	3	11	11	NUM
ajfa-4336	161	4	)	)	PUNCT
ajfa-4336	161	5	]	]	PUNCT
ajfa-4336	161	6	(	(	PUNCT
ajfa-4336	162	1	[	[	X
ajfa-4336	162	2	)	)	PUNCT
ajfa-4336	162	3	]	]	PUNCT
ajfa-4336	162	4	(	(	PUNCT
ajfa-4336	162	5	[	[	X
ajfa-4336	162	6	)	)	PUNCT
ajfa-4336	162	7	]	]	X
ajfa-4336	162	8	(	(	PUNCT
ajfa-4336	162	9	1	1	NUM
ajfa-4336	162	10	[	[	NOUN
ajfa-4336	162	11	)	)	PUNCT
ajfa-4336	162	12	]	]	PUNCT
ajfa-4336	162	13	(	(	PUNCT
ajfa-4336	162	14	[	[	PUNCT
ajfa-4336	162	15	δδδδ	δδδδ	NOUN
ajfa-4336	162	16	.	.	PUNCT
ajfa-4336	163	1	(	(	PUNCT
ajfa-4336	163	2	12	12	NUM
ajfa-4336	163	3	)	)	PUNCT
ajfa-4336	163	4	when	when	SCONJ
ajfa-4336	163	5	l	l	NOUN
ajfa-4336	163	6	is	be	AUX
ajfa-4336	163	7	maximized	maximize	VERB
ajfa-4336	163	8	,	,	PUNCT
ajfa-4336	163	9	β	β	X
ajfa-4336	163	10	can	can	AUX
ajfa-4336	163	11	be	be	AUX
ajfa-4336	163	12	estimated	estimate	VERB
ajfa-4336	163	13	.	.	PUNCT
ajfa-4336	164	1	note	note	VERB
ajfa-4336	164	2	that	that	SCONJ
ajfa-4336	164	3	the	the	DET
ajfa-4336	164	4	obtained	obtain	VERB
ajfa-4336	164	5	signs	sign	NOUN
ajfa-4336	164	6	in	in	ADP
ajfa-4336	164	7	both	both	DET
ajfa-4336	164	8	models	model	NOUN
ajfa-4336	164	9	must	must	AUX
ajfa-4336	164	10	be	be	AUX
ajfa-4336	164	11	opposite	opposite	ADJ
ajfa-4336	164	12	,	,	PUNCT
ajfa-4336	164	13	because	because	SCONJ
ajfa-4336	164	14	when	when	SCONJ
ajfa-4336	164	15	the	the	DET
ajfa-4336	164	16	survival	survival	NOUN
ajfa-4336	164	17	period	period	NOUN
ajfa-4336	164	18	is	be	AUX
ajfa-4336	164	19	shorter	short	ADJ
ajfa-4336	164	20	,	,	PUNCT
ajfa-4336	164	21	the	the	DET
ajfa-4336	164	22	hazard	hazard	NOUN
ajfa-4336	164	23	rate	rate	NOUN
ajfa-4336	164	24	will	will	AUX
ajfa-4336	164	25	be	be	AUX
ajfa-4336	164	26	higher	high	ADJ
ajfa-4336	164	27	.	.	PUNCT
ajfa-4336	165	1	in	in	ADP
ajfa-4336	165	2	the	the	DET
ajfa-4336	165	3	accelerated	accelerated	ADJ
ajfa-4336	165	4	failure	failure	NOUN
ajfa-4336	165	5	model	model	NOUN
ajfa-4336	165	6	,	,	PUNCT
ajfa-4336	165	7	the	the	DET
ajfa-4336	165	8	shape	shape	NOUN
ajfa-4336	165	9	for	for	ADP
ajfa-4336	165	10	hazard	hazard	NOUN
ajfa-4336	165	11	rate	rate	NOUN
ajfa-4336	165	12	is	be	AUX
ajfa-4336	165	13	different	different	ADJ
ajfa-4336	165	14	because	because	SCONJ
ajfa-4336	165	15	it	it	PRON
ajfa-4336	165	16	follows	follow	VERB
ajfa-4336	165	17	various	various	ADJ
ajfa-4336	165	18	distribution	distribution	NOUN
ajfa-4336	165	19	of	of	ADP
ajfa-4336	165	20	t.	t.	PROPN
ajfa-4336	165	21	in	in	ADP
ajfa-4336	165	22	equation	equation	NOUN
ajfa-4336	165	23	(	(	PUNCT
ajfa-4336	165	24	11	11	NUM
ajfa-4336	165	25	)	)	PUNCT
ajfa-4336	165	26	,	,	PUNCT
ajfa-4336	165	27	non	non	ADJ
ajfa-4336	165	28	-	-	ADJ
ajfa-4336	165	29	linear	linear	ADJ
ajfa-4336	165	30	relation	relation	NOUN
ajfa-4336	165	31	between	between	ADP
ajfa-4336	165	32	t	t	PROPN
ajfa-4336	165	33	and	and	CCONJ
ajfa-4336	165	34	variables	variable	NOUN
ajfa-4336	165	35	can	can	AUX
ajfa-4336	165	36	be	be	AUX
ajfa-4336	165	37	found	find	VERB
ajfa-4336	165	38	.	.	PUNCT
ajfa-4336	166	1	distribution	distribution	NOUN
ajfa-4336	166	2	in	in	ADP
ajfa-4336	166	3	the	the	DET
ajfa-4336	166	4	standard	standard	ADJ
ajfa-4336	166	5	error	error	NOUN
ajfa-4336	166	6	term	term	NOUN
ajfa-4336	166	7	ε	ε	PROPN
ajfa-4336	166	8	is	be	AUX
ajfa-4336	166	9	not	not	PART
ajfa-4336	166	10	the	the	DET
ajfa-4336	166	11	same	same	ADJ
ajfa-4336	166	12	as	as	ADP
ajfa-4336	166	13	t	t	PROPN
ajfa-4336	166	14	’s	’s	PART
ajfa-4336	166	15	,	,	PUNCT
ajfa-4336	166	16	but	but	CCONJ
ajfa-4336	166	17	a	a	DET
ajfa-4336	166	18	one	one	NUM
ajfa-4336	166	19	-	-	PUNCT
ajfa-4336	166	20	on	on	ADP
ajfa-4336	166	21	-	-	PUNCT
ajfa-4336	166	22	one	one	NUM
ajfa-4336	166	23	asian	asian	ADJ
ajfa-4336	166	24	journal	journal	NOUN
ajfa-4336	166	25	of	of	ADP
ajfa-4336	166	26	finance	finance	PROPN
ajfa-4336	166	27	&	&	CCONJ
ajfa-4336	166	28	accounting	accounting	PROPN
ajfa-4336	166	29	issn	issn	PROPN
ajfa-4336	166	30	1946	1946	NUM
ajfa-4336	166	31	-	-	PUNCT
ajfa-4336	166	32	052x	052x	NOUN
ajfa-4336	166	33	2013	2013	NUM
ajfa-4336	166	34	,	,	PUNCT
ajfa-4336	166	35	vol	vol	NOUN
ajfa-4336	166	36	.	.	PROPN
ajfa-4336	166	37	5	5	NUM
ajfa-4336	166	38	,	,	PUNCT
ajfa-4336	166	39	no	no	INTJ
ajfa-4336	166	40	.	.	NOUN
ajfa-4336	166	41	2	2	NUM
ajfa-4336	166	42	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4336	166	43	147	147	NUM
ajfa-4336	166	44	switching	switching	NOUN
ajfa-4336	166	45	relation	relation	NOUN
ajfa-4336	166	46	.	.	PUNCT
ajfa-4336	167	1	table	table	NOUN
ajfa-4336	167	2	one	one	NOUN
ajfa-4336	167	3	is	be	AUX
ajfa-4336	167	4	distributions	distribution	NOUN
ajfa-4336	167	5	for	for	ADP
ajfa-4336	167	6	the	the	DET
ajfa-4336	167	7	survival	survival	NOUN
ajfa-4336	167	8	period	period	NOUN
ajfa-4336	167	9	,	,	PUNCT
ajfa-4336	167	10	the	the	DET
ajfa-4336	167	11	standard	standard	ADJ
ajfa-4336	167	12	error	error	NOUN
ajfa-4336	167	13	term	term	NOUN
ajfa-4336	167	14	,	,	PUNCT
ajfa-4336	167	15	and	and	CCONJ
ajfa-4336	167	16	characteristics	characteristic	NOUN
ajfa-4336	167	17	in	in	ADP
ajfa-4336	167	18	its	its	PRON
ajfa-4336	167	19	corresponding	corresponding	ADJ
ajfa-4336	167	20	hazard	hazard	NOUN
ajfa-4336	167	21	rates	rate	NOUN
ajfa-4336	167	22	.	.	PUNCT
ajfa-4336	168	1	for	for	ADP
ajfa-4336	168	2	these	these	DET
ajfa-4336	168	3	distributions	distribution	NOUN
ajfa-4336	168	4	,	,	PUNCT
ajfa-4336	168	5	hazard	hazard	NOUN
ajfa-4336	168	6	rates	rate	NOUN
ajfa-4336	168	7	have	have	VERB
ajfa-4336	168	8	four	four	NUM
ajfa-4336	168	9	different	different	ADJ
ajfa-4336	168	10	shapes	shape	NOUN
ajfa-4336	168	11	,	,	PUNCT
ajfa-4336	168	12	increasing	increase	VERB
ajfa-4336	168	13	,	,	PUNCT
ajfa-4336	168	14	decreasing	decrease	VERB
ajfa-4336	168	15	,	,	PUNCT
ajfa-4336	168	16	no	no	DET
ajfa-4336	168	17	changing	change	VERB
ajfa-4336	168	18	,	,	PUNCT
ajfa-4336	168	19	or	or	CCONJ
ajfa-4336	168	20	increasing	increase	VERB
ajfa-4336	168	21	first	first	ADV
ajfa-4336	168	22	and	and	CCONJ
ajfa-4336	168	23	then	then	ADV
ajfa-4336	168	24	declining	decline	VERB
ajfa-4336	168	25	later	later	ADV
ajfa-4336	168	26	.	.	PUNCT
ajfa-4336	169	1	therefore	therefore	ADV
ajfa-4336	169	2	,	,	PUNCT
ajfa-4336	169	3	when	when	SCONJ
ajfa-4336	169	4	set	set	VERB
ajfa-4336	169	5	the	the	DET
ajfa-4336	169	6	distribution	distribution	NOUN
ajfa-4336	169	7	for	for	ADP
ajfa-4336	169	8	survival	survival	NOUN
ajfa-4336	169	9	period	period	NOUN
ajfa-4336	169	10	,	,	PUNCT
ajfa-4336	169	11	a	a	DET
ajfa-4336	169	12	life	life	NOUN
ajfa-4336	169	13	table	table	NOUN
ajfa-4336	169	14	must	must	AUX
ajfa-4336	169	15	be	be	AUX
ajfa-4336	169	16	used	use	VERB
ajfa-4336	169	17	to	to	PART
ajfa-4336	169	18	describe	describe	VERB
ajfa-4336	169	19	the	the	DET
ajfa-4336	169	20	hazard	hazard	NOUN
ajfa-4336	169	21	rate	rate	NOUN
ajfa-4336	169	22	first	first	ADV
ajfa-4336	169	23	.	.	PUNCT
ajfa-4336	170	1	then	then	ADV
ajfa-4336	170	2	based	base	VERB
ajfa-4336	170	3	on	on	ADP
ajfa-4336	170	4	the	the	DET
ajfa-4336	170	5	shape	shape	NOUN
ajfa-4336	170	6	and	and	CCONJ
ajfa-4336	170	7	characteristics	characteristic	NOUN
ajfa-4336	170	8	in	in	ADP
ajfa-4336	170	9	the	the	DET
ajfa-4336	170	10	hazard	hazard	NOUN
ajfa-4336	170	11	rate	rate	NOUN
ajfa-4336	170	12	,	,	PUNCT
ajfa-4336	170	13	a	a	DET
ajfa-4336	170	14	reasonable	reasonable	ADJ
ajfa-4336	170	15	distribution	distribution	NOUN
ajfa-4336	170	16	for	for	ADP
ajfa-4336	170	17	the	the	DET
ajfa-4336	170	18	survival	survival	NOUN
ajfa-4336	170	19	period	period	NOUN
ajfa-4336	170	20	can	can	AUX
ajfa-4336	170	21	be	be	AUX
ajfa-4336	170	22	set	set	VERB
ajfa-4336	170	23	,	,	PUNCT
ajfa-4336	170	24	or	or	CCONJ
ajfa-4336	170	25	there	there	PRON
ajfa-4336	170	26	could	could	AUX
ajfa-4336	170	27	be	be	AUX
ajfa-4336	170	28	a	a	DET
ajfa-4336	170	29	specification	specification	NOUN
ajfa-4336	170	30	error	error	NOUN
ajfa-4336	170	31	presented	present	VERB
ajfa-4336	170	32	in	in	ADP
ajfa-4336	170	33	the	the	DET
ajfa-4336	170	34	model	model	NOUN
ajfa-4336	170	35	.	.	PUNCT
ajfa-4336	171	1	table	table	NOUN
ajfa-4336	171	2	1	1	NUM
ajfa-4336	171	3	.	.	PUNCT
ajfa-4336	172	1	distributions	distribution	NOUN
ajfa-4336	172	2	for	for	ADP
ajfa-4336	172	3	t	t	PROPN
ajfa-4336	172	4	,	,	PUNCT
ajfa-4336	172	5	ε	ε	PROPN
ajfa-4336	172	6	,	,	PUNCT
ajfa-4336	172	7	and	and	CCONJ
ajfa-4336	172	8	hazard	hazard	NOUN
ajfa-4336	172	9	rate	rate	NOUN
ajfa-4336	172	10	characteristics	characteristic	NOUN
ajfa-4336	172	11	distribution	distribution	NOUN
ajfa-4336	172	12	t	t	NOUN
ajfa-4336	172	13	distribution	distribution	NOUN
ajfa-4336	172	14	ε	ε	PROPN
ajfa-4336	172	15	characteristics	characteristic	NOUN
ajfa-4336	172	16	in	in	ADP
ajfa-4336	172	17	)	)	PUNCT
ajfa-4336	172	18	(	(	PUNCT
ajfa-4336	172	19	th	th	X
ajfa-4336	172	20	exponential	exponential	ADJ
ajfa-4336	172	21	extreme	extreme	ADJ
ajfa-4336	172	22	value	value	NOUN
ajfa-4336	172	23	(	(	PUNCT
ajfa-4336	172	24	1	1	NUM
ajfa-4336	172	25	parameter	parameter	NOUN
ajfa-4336	172	26	)	)	PUNCT
ajfa-4336	172	27	)	)	PUNCT
ajfa-4336	172	28	(	(	PUNCT
ajfa-4336	172	29	th	th	X
ajfa-4336	172	30	is	be	AUX
ajfa-4336	172	31	a	a	DET
ajfa-4336	172	32	fixed	fix	VERB
ajfa-4336	172	33	constant	constant	ADJ
ajfa-4336	172	34	gamma	gamma	NOUN
ajfa-4336	172	35	log	log	PROPN
ajfa-4336	172	36	-	-	PUNCT
ajfa-4336	172	37	gamma	gamma	NOUN
ajfa-4336	172	38	)	)	PUNCT
ajfa-4336	172	39	(	(	PUNCT
ajfa-4336	172	40	th	th	X
ajfa-4336	172	41	increasing	increase	VERB
ajfa-4336	172	42	or	or	CCONJ
ajfa-4336	172	43	decreasing	decrease	VERB
ajfa-4336	172	44	log	log	NOUN
ajfa-4336	172	45	-	-	PUNCT
ajfa-4336	172	46	logistic	logistic	NOUN
ajfa-4336	172	47	logistic	logistic	NOUN
ajfa-4336	172	48	)	)	PUNCT
ajfa-4336	172	49	(	(	PUNCT
ajfa-4336	172	50	th	th	X
ajfa-4336	172	51	first	first	ADV
ajfa-4336	172	52	increasing	increase	VERB
ajfa-4336	172	53	/	/	SYM
ajfa-4336	172	54	decreasing	decreasing	NOUN
ajfa-4336	172	55	,	,	PUNCT
ajfa-4336	172	56	then	then	ADV
ajfa-4336	172	57	the	the	DET
ajfa-4336	172	58	opposite	opposite	ADJ
ajfa-4336	172	59	log	log	NOUN
ajfa-4336	172	60	-	-	PUNCT
ajfa-4336	172	61	normal	normal	ADJ
ajfa-4336	172	62	normal	normal	ADJ
ajfa-4336	172	63	)	)	PUNCT
ajfa-4336	172	64	(	(	PUNCT
ajfa-4336	172	65	th	th	X
ajfa-4336	172	66	first	first	ADV
ajfa-4336	172	67	increasing	increase	VERB
ajfa-4336	172	68	,	,	PUNCT
ajfa-4336	172	69	then	then	ADV
ajfa-4336	172	70	decreasing	decrease	VERB
ajfa-4336	172	71	weibull	weibull	NOUN
ajfa-4336	172	72	extreme	extreme	ADJ
ajfa-4336	172	73	value	value	NOUN
ajfa-4336	172	74	(	(	PUNCT
ajfa-4336	172	75	2	2	NUM
ajfa-4336	172	76	parameter	parameter	NOUN
ajfa-4336	172	77	)	)	PUNCT
ajfa-4336	172	78	)	)	PUNCT
ajfa-4336	173	1	(	(	PUNCT
ajfa-4336	173	2	th	th	AUX
ajfa-4336	173	3	first	first	ADV
ajfa-4336	173	4	decreasing	decrease	VERB
ajfa-4336	173	5	,	,	PUNCT
ajfa-4336	173	6	then	then	ADV
ajfa-4336	173	7	increasing	increase	VERB
ajfa-4336	173	8	source：allison	source：allison	NOUN
ajfa-4336	173	9	(	(	PUNCT
ajfa-4336	173	10	1995	1995	NUM
ajfa-4336	173	11	)	)	PUNCT
ajfa-4336	173	12	this	this	DET
ajfa-4336	173	13	paper	paper	NOUN
ajfa-4336	173	14	studies	study	NOUN
ajfa-4336	173	15	a	a	DET
ajfa-4336	173	16	total	total	ADJ
ajfa-4336	173	17	sample	sample	NOUN
ajfa-4336	173	18	of	of	ADP
ajfa-4336	173	19	153	153	NUM
ajfa-4336	173	20	delisting	delisting	NOUN
ajfa-4336	173	21	firms	firm	NOUN
ajfa-4336	173	22	after	after	SCONJ
ajfa-4336	173	23	been	be	AUX
ajfa-4336	173	24	issued	issue	VERB
ajfa-4336	173	25	with	with	ADP
ajfa-4336	173	26	an	an	DET
ajfa-4336	173	27	initial	initial	ADJ
ajfa-4336	173	28	going	go	VERB
ajfa-4336	173	29	-	-	PUNCT
ajfa-4336	173	30	concern	concern	NOUN
ajfa-4336	173	31	opinion	opinion	NOUN
ajfa-4336	173	32	(	(	PUNCT
ajfa-4336	173	33	igco	igco	NOUN
ajfa-4336	173	34	)	)	PUNCT
ajfa-4336	173	35	by	by	ADP
ajfa-4336	173	36	auditors	auditor	NOUN
ajfa-4336	173	37	.	.	PUNCT
ajfa-4336	174	1	research	research	NOUN
ajfa-4336	174	2	period	period	NOUN
ajfa-4336	174	3	covers	cover	VERB
ajfa-4336	174	4	from	from	ADP
ajfa-4336	174	5	january	january	PROPN
ajfa-4336	174	6	1	1	NUM
ajfa-4336	174	7	,	,	PUNCT
ajfa-4336	174	8	1980	1980	NUM
ajfa-4336	174	9	to	to	ADP
ajfa-4336	174	10	june	june	PROPN
ajfa-4336	174	11	30	30	NUM
ajfa-4336	174	12	,	,	PUNCT
ajfa-4336	174	13	2006	2006	NUM
ajfa-4336	174	14	,	,	PUNCT
ajfa-4336	174	15	a	a	DET
ajfa-4336	174	16	total	total	NOUN
ajfa-4336	174	17	of	of	ADP
ajfa-4336	174	18	16	16	NUM
ajfa-4336	174	19	years	year	NOUN
ajfa-4336	174	20	(	(	PUNCT
ajfa-4336	174	21	64	64	NUM
ajfa-4336	174	22	quarters	quarter	NOUN
ajfa-4336	174	23	)	)	PUNCT
ajfa-4336	174	24	.	.	PUNCT
ajfa-4336	175	1	table	table	NOUN
ajfa-4336	175	2	2	2	NUM
ajfa-4336	175	3	is	be	AUX
ajfa-4336	175	4	the	the	DET
ajfa-4336	175	5	life	life	NOUN
ajfa-4336	175	6	table	table	NOUN
ajfa-4336	175	7	for	for	ADP
ajfa-4336	175	8	the	the	DET
ajfa-4336	175	9	sample	sample	NOUN
ajfa-4336	175	10	,	,	PUNCT
ajfa-4336	175	11	arranged	arrange	VERB
ajfa-4336	175	12	by	by	ADP
ajfa-4336	175	13	the	the	DET
ajfa-4336	175	14	order	order	NOUN
ajfa-4336	175	15	of	of	ADP
ajfa-4336	175	16	occurring	occur	VERB
ajfa-4336	175	17	period	period	NOUN
ajfa-4336	175	18	of	of	ADP
ajfa-4336	175	19	delisting	delisting	NOUN
ajfa-4336	175	20	(	(	PUNCT
ajfa-4336	175	21	in	in	ADP
ajfa-4336	175	22	quarter	quarter	NOUN
ajfa-4336	175	23	time	time	NOUN
ajfa-4336	175	24	)	)	PUNCT
ajfa-4336	175	25	based	base	VERB
ajfa-4336	175	26	on	on	ADP
ajfa-4336	175	27	a	a	DET
ajfa-4336	175	28	non	non	ADJ
ajfa-4336	175	29	-	-	ADJ
ajfa-4336	175	30	parametric	parametric	ADJ
ajfa-4336	175	31	analysis	analysis	NOUN
ajfa-4336	175	32	.	.	PUNCT
ajfa-4336	176	1	as	as	SCONJ
ajfa-4336	176	2	shown	show	VERB
ajfa-4336	176	3	in	in	ADP
ajfa-4336	176	4	table	table	NOUN
ajfa-4336	176	5	2	2	NUM
ajfa-4336	176	6	,	,	PUNCT
ajfa-4336	176	7	the	the	DET
ajfa-4336	176	8	igco	igco	NOUN
ajfa-4336	176	9	sample	sample	NOUN
ajfa-4336	176	10	have	have	VERB
ajfa-4336	176	11	a	a	DET
ajfa-4336	176	12	high	high	ADJ
ajfa-4336	176	13	number	number	NOUN
ajfa-4336	176	14	of	of	ADP
ajfa-4336	176	15	delisting	delist	VERB
ajfa-4336	176	16	firms	firm	NOUN
ajfa-4336	176	17	during	during	ADP
ajfa-4336	176	18	the	the	DET
ajfa-4336	176	19	quarters	quarter	NOUN
ajfa-4336	176	20	of	of	ADP
ajfa-4336	176	21	0	0	NUM
ajfa-4336	176	22	to	to	ADP
ajfa-4336	176	23	7.5	7.5	NUM
ajfa-4336	176	24	(	(	PUNCT
ajfa-4336	176	25	31	31	NUM
ajfa-4336	176	26	firms	firm	NOUN
ajfa-4336	176	27	)	)	PUNCT
ajfa-4336	176	28	,	,	PUNCT
ajfa-4336	176	29	7.5	7.5	NUM
ajfa-4336	176	30	to	to	ADP
ajfa-4336	176	31	15.0	15.0	NUM
ajfa-4336	176	32	(	(	PUNCT
ajfa-4336	176	33	10	10	NUM
ajfa-4336	176	34	firms	firm	NOUN
ajfa-4336	176	35	)	)	PUNCT
ajfa-4336	176	36	,	,	PUNCT
ajfa-4336	176	37	15.0	15.0	NUM
ajfa-4336	176	38	to	to	PART
ajfa-4336	176	39	22.5	22.5	NUM
ajfa-4336	176	40	(	(	PUNCT
ajfa-4336	176	41	29	29	NUM
ajfa-4336	176	42	firms	firm	NOUN
ajfa-4336	176	43	)	)	PUNCT
ajfa-4336	176	44	,	,	PUNCT
ajfa-4336	176	45	and	and	CCONJ
ajfa-4336	176	46	22.5	22.5	NUM
ajfa-4336	176	47	to	to	PART
ajfa-4336	176	48	30.0	30.0	NUM
ajfa-4336	176	49	(	(	PUNCT
ajfa-4336	176	50	13	13	NUM
ajfa-4336	176	51	firms	firm	NOUN
ajfa-4336	176	52	)	)	PUNCT
ajfa-4336	176	53	respectively	respectively	ADV
ajfa-4336	176	54	.	.	PUNCT
ajfa-4336	177	1	on	on	ADP
ajfa-4336	177	2	the	the	DET
ajfa-4336	177	3	other	other	ADJ
ajfa-4336	177	4	hand	hand	NOUN
ajfa-4336	177	5	,	,	PUNCT
ajfa-4336	177	6	the	the	DET
ajfa-4336	177	7	rest	rest	NOUN
ajfa-4336	177	8	of	of	ADP
ajfa-4336	177	9	survival	survival	NOUN
ajfa-4336	177	10	periods	period	NOUN
ajfa-4336	177	11	have	have	AUX
ajfa-4336	177	12	only	only	ADV
ajfa-4336	177	13	delisting	delist	VERB
ajfa-4336	177	14	firms	firm	NOUN
ajfa-4336	177	15	of	of	ADP
ajfa-4336	177	16	six	six	NUM
ajfa-4336	177	17	,	,	PUNCT
ajfa-4336	177	18	one	one	NUM
ajfa-4336	177	19	,	,	PUNCT
ajfa-4336	177	20	or	or	CCONJ
ajfa-4336	177	21	zero	zero	NUM
ajfa-4336	177	22	.	.	PUNCT
ajfa-4336	178	1	particularly	particularly	ADV
ajfa-4336	178	2	,	,	PUNCT
ajfa-4336	178	3	after	after	ADP
ajfa-4336	178	4	igco	igco	NOUN
ajfa-4336	178	5	issued	issue	VERB
ajfa-4336	178	6	until	until	ADP
ajfa-4336	178	7	the	the	DET
ajfa-4336	178	8	7.5th	7.5th	NUM
ajfa-4336	178	9	quarter	quarter	NOUN
ajfa-4336	178	10	,	,	PUNCT
ajfa-4336	178	11	most	most	ADJ
ajfa-4336	178	12	igco	igco	NOUN
ajfa-4336	178	13	firms	firm	NOUN
ajfa-4336	178	14	occur	occur	VERB
ajfa-4336	178	15	delisting	delist	VERB
ajfa-4336	178	16	,	,	PUNCT
ajfa-4336	178	17	showing	show	VERB
ajfa-4336	178	18	that	that	SCONJ
ajfa-4336	178	19	the	the	DET
ajfa-4336	178	20	effect	effect	NOUN
ajfa-4336	178	21	of	of	ADP
ajfa-4336	178	22	self	self	NOUN
ajfa-4336	178	23	-	-	PUNCT
ajfa-4336	178	24	fulfilling	fulfil	VERB
ajfa-4336	178	25	prophecy	prophecy	NOUN
ajfa-4336	178	26	exists	exist	VERB
ajfa-4336	178	27	in	in	ADP
ajfa-4336	178	28	taiwan	taiwan	PROPN
ajfa-4336	178	29	capital	capital	NOUN
ajfa-4336	178	30	market	market	NOUN
ajfa-4336	178	31	for	for	ADP
ajfa-4336	178	32	our	our	PRON
ajfa-4336	178	33	research	research	NOUN
ajfa-4336	178	34	period	period	NOUN
ajfa-4336	178	35	.	.	PUNCT
ajfa-4336	179	1	during	during	ADP
ajfa-4336	179	2	the	the	DET
ajfa-4336	179	3	same	same	ADJ
ajfa-4336	179	4	period	period	NOUN
ajfa-4336	179	5	(	(	PUNCT
ajfa-4336	179	6	0	0	NUM
ajfa-4336	179	7	to	to	ADP
ajfa-4336	179	8	7.5th	7.5th	NUM
ajfa-4336	179	9	quarter	quarter	NOUN
ajfa-4336	179	10	)	)	PUNCT
ajfa-4336	179	11	,	,	PUNCT
ajfa-4336	179	12	the	the	DET
ajfa-4336	179	13	delisting	delisting	NOUN
ajfa-4336	179	14	probability	probability	NOUN
ajfa-4336	179	15	continuously	continuously	ADV
ajfa-4336	179	16	rises	rise	VERB
ajfa-4336	179	17	from	from	ADP
ajfa-4336	179	18	0.0328	0.0328	NUM
ajfa-4336	179	19	to	to	ADP
ajfa-4336	179	20	0.1000	0.1000	NUM
ajfa-4336	179	21	the	the	DET
ajfa-4336	179	22	highest	high	ADJ
ajfa-4336	179	23	rate	rate	NOUN
ajfa-4336	179	24	,	,	PUNCT
ajfa-4336	179	25	with	with	ADP
ajfa-4336	179	26	a	a	DET
ajfa-4336	179	27	corresponding	corresponding	ADJ
ajfa-4336	179	28	survival	survival	NOUN
ajfa-4336	179	29	period	period	NOUN
ajfa-4336	179	30	from	from	ADP
ajfa-4336	179	31	30.0	30.0	NUM
ajfa-4336	179	32	to	to	ADP
ajfa-4336	179	33	37.5	37.5	NUM
ajfa-4336	179	34	quarters	quarter	NOUN
ajfa-4336	179	35	.	.	PUNCT
ajfa-4336	180	1	then	then	ADV
ajfa-4336	180	2	,	,	PUNCT
ajfa-4336	180	3	the	the	DET
ajfa-4336	180	4	hazard	hazard	NOUN
ajfa-4336	180	5	rate	rate	NOUN
ajfa-4336	180	6	declines	decline	VERB
ajfa-4336	180	7	rapidly	rapidly	ADV
ajfa-4336	180	8	,	,	PUNCT
ajfa-4336	180	9	meaning	mean	VERB
ajfa-4336	180	10	the	the	DET
ajfa-4336	180	11	average	average	ADJ
ajfa-4336	180	12	survival	survival	NOUN
ajfa-4336	180	13	period	period	NOUN
ajfa-4336	180	14	for	for	ADP
ajfa-4336	180	15	the	the	DET
ajfa-4336	180	16	igco	igco	NOUN
ajfa-4336	180	17	firms	firm	NOUN
ajfa-4336	180	18	to	to	PART
ajfa-4336	180	19	occur	occur	VERB
ajfa-4336	180	20	delisting	delisting	NOUN
ajfa-4336	180	21	is	be	AUX
ajfa-4336	180	22	about	about	ADV
ajfa-4336	180	23	38	38	NUM
ajfa-4336	180	24	quarters	quarter	NOUN
ajfa-4336	180	25	(	(	PUNCT
ajfa-4336	180	26	9	9	NUM
ajfa-4336	180	27	years	year	NOUN
ajfa-4336	180	28	)	)	PUNCT
ajfa-4336	180	29	.	.	PUNCT
ajfa-4336	181	1	within	within	ADP
ajfa-4336	181	2	this	this	DET
ajfa-4336	181	3	period	period	NOUN
ajfa-4336	181	4	,	,	PUNCT
ajfa-4336	181	5	the	the	DET
ajfa-4336	181	6	delisting	delisting	NOUN
ajfa-4336	181	7	probability	probability	NOUN
ajfa-4336	181	8	is	be	AUX
ajfa-4336	181	9	the	the	DET
ajfa-4336	181	10	highest	high	ADJ
ajfa-4336	181	11	,	,	PUNCT
ajfa-4336	181	12	and	and	CCONJ
ajfa-4336	181	13	then	then	ADV
ajfa-4336	181	14	the	the	DET
ajfa-4336	181	15	hazard	hazard	NOUN
ajfa-4336	181	16	rate	rate	NOUN
ajfa-4336	181	17	declines	decline	VERB
ajfa-4336	181	18	quickly	quickly	ADV
ajfa-4336	181	19	until	until	ADP
ajfa-4336	181	20	the	the	DET
ajfa-4336	181	21	quarter	quarter	NOUN
ajfa-4336	181	22	of	of	ADP
ajfa-4336	181	23	45	45	NUM
ajfa-4336	181	24	to	to	PART
ajfa-4336	181	25	52.5	52.5	NUM
ajfa-4336	181	26	,	,	PUNCT
ajfa-4336	181	27	the	the	DET
ajfa-4336	181	28	rate	rate	NOUN
ajfa-4336	181	29	rises	rise	VERB
ajfa-4336	181	30	to	to	ADP
ajfa-4336	181	31	0.0381	0.0381	NUM
ajfa-4336	181	32	again	again	ADV
ajfa-4336	181	33	.	.	PUNCT
ajfa-4336	182	1	graph	graph	NOUN
ajfa-4336	182	2	1	1	NUM
ajfa-4336	182	3	is	be	AUX
ajfa-4336	182	4	a	a	DET
ajfa-4336	182	5	bar	bar	NOUN
ajfa-4336	182	6	chart	chart	NOUN
ajfa-4336	182	7	for	for	ADP
ajfa-4336	182	8	the	the	DET
ajfa-4336	182	9	hazard	hazard	NOUN
ajfa-4336	182	10	rate	rate	NOUN
ajfa-4336	182	11	and	and	CCONJ
ajfa-4336	182	12	survival	survival	NOUN
ajfa-4336	182	13	period	period	NOUN
ajfa-4336	182	14	based	base	VERB
ajfa-4336	182	15	on	on	ADP
ajfa-4336	182	16	table	table	NOUN
ajfa-4336	182	17	2	2	NUM
ajfa-4336	182	18	.	.	PUNCT
ajfa-4336	183	1	the	the	DET
ajfa-4336	183	2	distribution	distribution	NOUN
ajfa-4336	183	3	pattern	pattern	NOUN
ajfa-4336	183	4	for	for	ADP
ajfa-4336	183	5	hazard	hazard	NOUN
ajfa-4336	183	6	rate	rate	NOUN
ajfa-4336	183	7	is	be	AUX
ajfa-4336	183	8	different	different	ADJ
ajfa-4336	183	9	from	from	ADP
ajfa-4336	183	10	those	those	PRON
ajfa-4336	183	11	of	of	ADP
ajfa-4336	183	12	corresponding	correspond	VERB
ajfa-4336	183	13	hazard	hazard	NOUN
ajfa-4336	183	14	rates	rate	NOUN
ajfa-4336	183	15	in	in	ADP
ajfa-4336	183	16	asian	asian	ADJ
ajfa-4336	183	17	journal	journal	NOUN
ajfa-4336	183	18	of	of	ADP
ajfa-4336	183	19	finance	finance	PROPN
ajfa-4336	183	20	&	&	CCONJ
ajfa-4336	183	21	accounting	accounting	PROPN
ajfa-4336	183	22	issn	issn	PROPN
ajfa-4336	183	23	1946	1946	NUM
ajfa-4336	183	24	-	-	PUNCT
ajfa-4336	183	25	052x	052x	NOUN
ajfa-4336	183	26	2013	2013	NUM
ajfa-4336	183	27	,	,	PUNCT
ajfa-4336	183	28	vol	vol	NOUN
ajfa-4336	183	29	.	.	PROPN
ajfa-4336	183	30	5	5	NUM
ajfa-4336	183	31	,	,	PUNCT
ajfa-4336	183	32	no	no	INTJ
ajfa-4336	183	33	.	.	NOUN
ajfa-4336	183	34	2	2	NUM
ajfa-4336	183	35	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4336	183	36	148	148	NUM
ajfa-4336	183	37	table	table	NOUN
ajfa-4336	183	38	1	1	NUM
ajfa-4336	183	39	.	.	PUNCT
ajfa-4336	184	1	therefore	therefore	ADV
ajfa-4336	184	2	,	,	PUNCT
ajfa-4336	184	3	we	we	PRON
ajfa-4336	184	4	decide	decide	VERB
ajfa-4336	184	5	not	not	PART
ajfa-4336	184	6	to	to	PART
ajfa-4336	184	7	apply	apply	VERB
ajfa-4336	184	8	the	the	DET
ajfa-4336	184	9	accelerated	accelerated	ADJ
ajfa-4336	184	10	failure	failure	NOUN
ajfa-4336	184	11	time	time	NOUN
ajfa-4336	184	12	model	model	NOUN
ajfa-4336	184	13	and	and	CCONJ
ajfa-4336	184	14	employ	employ	VERB
ajfa-4336	184	15	the	the	DET
ajfa-4336	184	16	proportional	proportional	ADJ
ajfa-4336	184	17	hazard	hazard	NOUN
ajfa-4336	184	18	model	model	NOUN
ajfa-4336	184	19	instead	instead	ADV
ajfa-4336	184	20	by	by	ADP
ajfa-4336	184	21	applying	apply	VERB
ajfa-4336	184	22	the	the	DET
ajfa-4336	184	23	cox	cox	PROPN
ajfa-4336	184	24	’s	’s	PART
ajfa-4336	184	25	partial	partial	ADJ
ajfa-4336	184	26	log	log	NOUN
ajfa-4336	184	27	-	-	PUNCT
ajfa-4336	184	28	likelihood	likelihood	NOUN
ajfa-4336	184	29	approach	approach	NOUN
ajfa-4336	184	30	.	.	PUNCT
ajfa-4336	185	1	table	table	NOUN
ajfa-4336	185	2	2	2	NUM
ajfa-4336	185	3	.	.	PUNCT
ajfa-4336	185	4	life	life	NOUN
ajfa-4336	185	5	table1	table1	PROPN
ajfa-4336	185	6	survival	survival	PROPN
ajfa-4336	185	7	period	period	NOUN
ajfa-4336	185	8	(	(	PUNCT
ajfa-4336	185	9	quarters	quarter	NOUN
ajfa-4336	185	10	)	)	PUNCT
ajfa-4336	185	11	sample	sample	NOUN
ajfa-4336	185	12	size	size	NOUN
ajfa-4336	185	13	censored	censor	VERB
ajfa-4336	185	14	firms	firm	NOUN
ajfa-4336	185	15	possible	possible	ADJ
ajfa-4336	185	16	delisting	delist	VERB
ajfa-4336	185	17	firms	firm	NOUN
ajfa-4336	185	18	actual	actual	ADJ
ajfa-4336	185	19	delisting	delisting	NOUN
ajfa-4336	185	20	firms	firm	NOUN
ajfa-4336	185	21	survival	survival	PROPN
ajfa-4336	185	22	rate	rate	NOUN
ajfa-4336	185	23	hazard	hazard	NOUN
ajfa-4336	185	24	rate	rate	NOUN
ajfa-4336	185	25	0.0	0.0	NUM
ajfa-4336	185	26	7.5	7.5	NUM
ajfa-4336	185	27	153	153	NUM
ajfa-4336	185	28	23	23	NUM
ajfa-4336	185	29	141	141	NUM
ajfa-4336	185	30	31	31	NUM
ajfa-4336	185	31	1.000(0.000)2	1.000(0.000)2	NUM
ajfa-4336	185	32	0.0328(0.006)3	0.0328(0.006)3	NOUN
ajfa-4336	185	33	7.5	7.5	NUM
ajfa-4336	185	34	15.0	15.0	NUM
ajfa-4336	185	35	99	99	NUM
ajfa-4336	185	36	18	18	NUM
ajfa-4336	185	37	90	90	NUM
ajfa-4336	185	38	10	10	NUM
ajfa-4336	185	39	0.7809(0.035	0.7809(0.035	NUM
ajfa-4336	185	40	)	)	PUNCT
ajfa-4336	185	41	0.0157(0.005	0.0157(0.005	NUM
ajfa-4336	185	42	)	)	PUNCT
ajfa-4336	185	43	15.022.5	15.022.5	NUM
ajfa-4336	185	44	71	71	NUM
ajfa-4336	185	45	17	17	NUM
ajfa-4336	185	46	62	62	NUM
ajfa-4336	185	47	29	29	NUM
ajfa-4336	185	48	0.6941(0.040	0.6941(0.040	NUM
ajfa-4336	185	49	)	)	PUNCT
ajfa-4336	185	50	0.0806(0.014	0.0806(0.014	NUM
ajfa-4336	185	51	)	)	PUNCT
ajfa-4336	185	52	22.530.0	22.530.0	NUM
ajfa-4336	186	1	25	25	NUM
ajfa-4336	186	2	0	0	NUM
ajfa-4336	186	3	25	25	NUM
ajfa-4336	186	4	13	13	NUM
ajfa-4336	186	5	0.3721(0.049	0.3721(0.049	NUM
ajfa-4336	186	6	)	)	PUNCT
ajfa-4336	186	7	0.0937(0.024	0.0937(0.024	NUM
ajfa-4336	186	8	)	)	PUNCT
ajfa-4336	187	1	30.037.5	30.037.5	NUM
ajfa-4336	187	2	12	12	NUM
ajfa-4336	187	3	2	2	NUM
ajfa-4336	187	4	11	11	NUM
ajfa-4336	187	5	6	6	NUM
ajfa-4336	187	6	0.1786(0.044	0.1786(0.044	NUM
ajfa-4336	187	7	)	)	PUNCT
ajfa-4336	187	8	0.1000(0.038	0.1000(0.038	PROPN
ajfa-4336	187	9	)	)	PUNCT
ajfa-4336	188	1	37.545.0	37.545.0	NUM
ajfa-4336	188	2	4	4	NUM
ajfa-4336	188	3	0	0	NUM
ajfa-4336	188	4	4	4	NUM
ajfa-4336	188	5	0	0	NUM
ajfa-4336	188	6	0.0812(0.033	0.0812(0.033	NUM
ajfa-4336	188	7	)	)	PUNCT
ajfa-4336	188	8	0.0000(0.000	0.0000(0.000	NUM
ajfa-4336	188	9	)	)	PUNCT
ajfa-4336	188	10	45.052.5	45.052.5	NUM
ajfa-4336	188	11	4	4	NUM
ajfa-4336	188	12	0	0	NUM
ajfa-4336	188	13	4	4	NUM
ajfa-4336	188	14	1	1	NUM
ajfa-4336	188	15	0.0812(0.033	0.0812(0.033	NUM
ajfa-4336	188	16	)	)	PUNCT
ajfa-4336	188	17	0.0381(0.038	0.0381(0.038	NUM
ajfa-4336	188	18	)	)	PUNCT
ajfa-4336	188	19	52.560.0	52.560.0	NUM
ajfa-4336	188	20	3	3	NUM
ajfa-4336	188	21	0	0	NUM
ajfa-4336	188	22	3	3	NUM
ajfa-4336	188	23	0	0	NUM
ajfa-4336	188	24	0.0609(0.031	0.0609(0.031	NUM
ajfa-4336	188	25	)	)	PUNCT
ajfa-4336	188	26	0.0000(0.000	0.0000(0.000	NUM
ajfa-4336	188	27	)	)	PUNCT
ajfa-4336	189	1	60.067.5	60.067.5	NUM
ajfa-4336	189	2	3	3	NUM
ajfa-4336	189	3	0	0	NUM
ajfa-4336	189	4	3	3	NUM
ajfa-4336	189	5	0	0	NUM
ajfa-4336	189	6	0.0609(0.031	0.0609(0.031	NUM
ajfa-4336	189	7	)	)	PUNCT
ajfa-4336	189	8	0.0000(0.000	0.0000(0.000	NUM
ajfa-4336	189	9	)	)	PUNCT
ajfa-4336	190	1	67.575.0	67.575.0	NUM
ajfa-4336	190	2	3	3	NUM
ajfa-4336	190	3	3	3	NUM
ajfa-4336	190	4	1	1	NUM
ajfa-4336	190	5	0	0	NUM
ajfa-4336	190	6	0.0609(0.031	0.0609(0.031	NUM
ajfa-4336	190	7	)	)	PUNCT
ajfa-4336	191	1	0.0000	0.0000	NUM
ajfa-4336	191	2	(	(	PUNCT
ajfa-4336	191	3	0.000	0.000	NUM
ajfa-4336	191	4	)	)	PUNCT
ajfa-4336	191	5	source	source	NOUN
ajfa-4336	191	6	:	:	PUNCT
ajfa-4336	191	7	calculation	calculation	NOUN
ajfa-4336	191	8	from	from	ADP
ajfa-4336	191	9	the	the	DET
ajfa-4336	191	10	sample	sample	NOUN
ajfa-4336	191	11	remark	remark	NOUN
ajfa-4336	191	12	1	1	NUM
ajfa-4336	191	13	:	:	PUNCT
ajfa-4336	191	14	this	this	DET
ajfa-4336	191	15	table	table	NOUN
ajfa-4336	191	16	is	be	AUX
ajfa-4336	191	17	based	base	VERB
ajfa-4336	191	18	on	on	ADP
ajfa-4336	191	19	cutler	cutler	NOUN
ajfa-4336	191	20	and	and	CCONJ
ajfa-4336	191	21	ederer	ederer	NOUN
ajfa-4336	191	22	method	method	VERB
ajfa-4336	191	23	.	.	PUNCT
ajfa-4336	192	1	2：standard	2：standard	NUM
ajfa-4336	192	2	deviation	deviation	NOUN
ajfa-4336	192	3	is	be	AUX
ajfa-4336	192	4	in	in	ADP
ajfa-4336	192	5	brackets	bracket	NOUN
ajfa-4336	192	6	for	for	ADP
ajfa-4336	192	7	the	the	DET
ajfa-4336	192	8	survival	survival	NOUN
ajfa-4336	192	9	rate	rate	NOUN
ajfa-4336	192	10	.	.	PUNCT
ajfa-4336	193	1	3：standard	3：standard	NUM
ajfa-4336	193	2	deviation	deviation	NOUN
ajfa-4336	193	3	is	be	AUX
ajfa-4336	193	4	in	in	ADP
ajfa-4336	193	5	brackets	bracket	NOUN
ajfa-4336	193	6	for	for	ADP
ajfa-4336	193	7	the	the	DET
ajfa-4336	193	8	hazard	hazard	NOUN
ajfa-4336	193	9	rate	rate	NOUN
ajfa-4336	193	10	.	.	PUNCT
ajfa-4336	194	1	time	time	NOUN
ajfa-4336	194	2	7.5	7.5	NUM
ajfa-4336	194	3	-	-	SYM
ajfa-4336	194	4	15.0	15.0	NUM
ajfa-4336	194	5	67.5	67.5	NUM
ajfa-4336	194	6	-	-	SYM
ajfa-4336	194	7	75.0	75.0	NUM
ajfa-4336	194	8	60.0	60.0	NUM
ajfa-4336	194	9	-	-	SYM
ajfa-4336	194	10	67.5	67.5	NUM
ajfa-4336	194	11	52.5	52.5	NUM
ajfa-4336	194	12	-	-	SYM
ajfa-4336	194	13	60.0	60.0	NUM
ajfa-4336	194	14	45.0	45.0	NUM
ajfa-4336	194	15	-	-	SYM
ajfa-4336	194	16	52.5	52.5	NUM
ajfa-4336	194	17	37.5	37.5	NUM
ajfa-4336	194	18	-	-	SYM
ajfa-4336	194	19	45.0	45.0	NUM
ajfa-4336	194	20	30.0	30.0	NUM
ajfa-4336	194	21	-	-	SYM
ajfa-4336	194	22	37.5	37.5	NUM
ajfa-4336	194	23	22.5	22.5	NUM
ajfa-4336	194	24	-	-	SYM
ajfa-4336	194	25	30.0	30.0	NUM
ajfa-4336	194	26	15.0	15.0	NUM
ajfa-4336	194	27	-	-	SYM
ajfa-4336	194	28	22.5	22.5	NUM
ajfa-4336	194	29	0	0	NUM
ajfa-4336	194	30	-	-	SYM
ajfa-4336	194	31	7.5	7.5	NUM
ajfa-4336	194	32	m	m	NOUN
ajfa-4336	194	33	ea	ea	NOUN
ajfa-4336	194	34	n	n	ADP
ajfa-4336	194	35	r	r	NOUN
ajfa-4336	194	36	a	a	DET
ajfa-4336	194	37	t	t	NOUN
ajfa-4336	194	38	e	e	NOUN
ajfa-4336	194	39	.12	.12	NUM
ajfa-4336	194	40	.10	.10	NUM
ajfa-4336	194	41	.08	.08	NUM
ajfa-4336	194	42	.06	.06	NUM
ajfa-4336	194	43	.04	.04	NUM
ajfa-4336	194	44	.02	.02	NUM
ajfa-4336	194	45	0.00	0.00	NUM
ajfa-4336	194	46	graph	graph	NOUN
ajfa-4336	194	47	1	1	NUM
ajfa-4336	194	48	.	.	PUNCT
ajfa-4336	194	49	hazard	hazard	NOUN
ajfa-4336	194	50	rate	rate	NOUN
ajfa-4336	194	51	asian	asian	PROPN
ajfa-4336	194	52	journal	journal	PROPN
ajfa-4336	194	53	of	of	ADP
ajfa-4336	194	54	finance	finance	PROPN
ajfa-4336	194	55	&	&	CCONJ
ajfa-4336	194	56	accounting	accounting	PROPN
ajfa-4336	194	57	issn	issn	PROPN
ajfa-4336	194	58	1946	1946	NUM
ajfa-4336	194	59	-	-	PUNCT
ajfa-4336	194	60	052x	052x	NOUN
ajfa-4336	194	61	2013	2013	NUM
ajfa-4336	194	62	,	,	PUNCT
ajfa-4336	194	63	vol	vol	NOUN
ajfa-4336	194	64	.	.	PROPN
ajfa-4336	194	65	5	5	NUM
ajfa-4336	194	66	,	,	PUNCT
ajfa-4336	194	67	no	no	INTJ
ajfa-4336	194	68	.	.	NOUN
ajfa-4336	194	69	2	2	NUM
ajfa-4336	194	70	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4336	194	71	149	149	NUM
ajfa-4336	194	72	4	4	NUM
ajfa-4336	194	73	.	.	PUNCT
ajfa-4336	195	1	data	datum	NOUN
ajfa-4336	195	2	and	and	CCONJ
ajfa-4336	195	3	sample	sample	NOUN
ajfa-4336	195	4	statistics	statistic	NOUN
ajfa-4336	195	5	based	base	VERB
ajfa-4336	195	6	on	on	ADP
ajfa-4336	195	7	audit	audit	NOUN
ajfa-4336	195	8	opinions	opinion	NOUN
ajfa-4336	195	9	on	on	ADP
ajfa-4336	195	10	financial	financial	ADJ
ajfa-4336	195	11	statements	statement	NOUN
ajfa-4336	195	12	,	,	PUNCT
ajfa-4336	195	13	excluding	exclude	VERB
ajfa-4336	195	14	the	the	DET
ajfa-4336	195	15	unqualified	unqualified	ADJ
ajfa-4336	195	16	opinion	opinion	NOUN
ajfa-4336	195	17	,	,	PUNCT
ajfa-4336	195	18	this	this	DET
ajfa-4336	195	19	paper	paper	NOUN
ajfa-4336	195	20	investigates	investigate	VERB
ajfa-4336	195	21	auditors	auditor	NOUN
ajfa-4336	195	22	’	'	PUNCT
ajfa-4336	195	23	initial	initial	ADJ
ajfa-4336	195	24	going	go	VERB
ajfa-4336	195	25	-	-	PUNCT
ajfa-4336	195	26	concern	concern	NOUN
ajfa-4336	195	27	opinion	opinion	NOUN
ajfa-4336	195	28	(	(	PUNCT
ajfa-4336	195	29	igco	igco	NOUN
ajfa-4336	195	30	)	)	PUNCT
ajfa-4336	195	31	on	on	ADP
ajfa-4336	195	32	listing	list	VERB
ajfa-4336	195	33	companies	company	NOUN
ajfa-4336	195	34	.	.	PUNCT
ajfa-4336	196	1	we	we	PRON
ajfa-4336	196	2	employ	employ	VERB
ajfa-4336	196	3	important	important	ADJ
ajfa-4336	196	4	predictors	predictor	NOUN
ajfa-4336	196	5	for	for	ADP
ajfa-4336	196	6	delisting	delist	VERB
ajfa-4336	196	7	from	from	ADP
ajfa-4336	196	8	related	related	ADJ
ajfa-4336	196	9	literature	literature	NOUN
ajfa-4336	196	10	to	to	PART
ajfa-4336	196	11	construct	construct	VERB
ajfa-4336	196	12	a	a	DET
ajfa-4336	196	13	survival	survival	NOUN
ajfa-4336	196	14	analysis	analysis	NOUN
ajfa-4336	196	15	model	model	NOUN
ajfa-4336	196	16	.	.	PUNCT
ajfa-4336	197	1	corporate	corporate	ADJ
ajfa-4336	197	2	structures	structure	NOUN
ajfa-4336	197	3	constructed	construct	VERB
ajfa-4336	197	4	in	in	ADP
ajfa-4336	197	5	the	the	DET
ajfa-4336	197	6	predictors	predictor	NOUN
ajfa-4336	197	7	are	be	AUX
ajfa-4336	197	8	financial	financial	ADJ
ajfa-4336	197	9	information	information	NOUN
ajfa-4336	197	10	,	,	PUNCT
ajfa-4336	197	11	stock	stock	NOUN
ajfa-4336	197	12	prices	price	NOUN
ajfa-4336	197	13	,	,	PUNCT
ajfa-4336	197	14	the	the	DET
ajfa-4336	197	15	pledged	pledge	VERB
ajfa-4336	197	16	shares	share	NOUN
ajfa-4336	197	17	ratio	ratio	NOUN
ajfa-4336	197	18	of	of	ADP
ajfa-4336	197	19	directors	director	NOUN
ajfa-4336	197	20	’	'	PUNCT
ajfa-4336	197	21	and	and	CCONJ
ajfa-4336	197	22	supervisors	supervisor	NOUN
ajfa-4336	197	23	’	'	PUNCT
ajfa-4336	197	24	,	,	PUNCT
ajfa-4336	197	25	and	and	CCONJ
ajfa-4336	197	26	the	the	DET
ajfa-4336	197	27	insider	insider	NOUN
ajfa-4336	197	28	shareholding	shareholding	NOUN
ajfa-4336	197	29	ratio	ratio	NOUN
ajfa-4336	197	30	.	.	PUNCT
ajfa-4336	198	1	sample	sample	NOUN
ajfa-4336	198	2	data	datum	NOUN
ajfa-4336	198	3	is	be	AUX
ajfa-4336	198	4	derived	derive	VERB
ajfa-4336	198	5	from	from	ADP
ajfa-4336	198	6	the	the	DET
ajfa-4336	198	7	quarterly	quarterly	ADJ
ajfa-4336	198	8	modules	module	NOUN
ajfa-4336	198	9	of	of	ADP
ajfa-4336	198	10	cumulative	cumulative	ADJ
ajfa-4336	198	11	financial	financial	ADJ
ajfa-4336	198	12	information	information	NOUN
ajfa-4336	198	13	,	,	PUNCT
ajfa-4336	198	14	full	full	ADJ
ajfa-4336	198	15	delivery	delivery	NOUN
ajfa-4336	198	16	share	share	NOUN
ajfa-4336	198	17	,	,	PUNCT
ajfa-4336	198	18	or	or	CCONJ
ajfa-4336	198	19	delisting	delist	VERB
ajfa-4336	198	20	company	company	NOUN
ajfa-4336	198	21	in	in	ADP
ajfa-4336	198	22	the	the	DET
ajfa-4336	198	23	taiwan	taiwan	PROPN
ajfa-4336	198	24	economic	economic	PROPN
ajfa-4336	198	25	journal	journal	PROPN
ajfa-4336	198	26	(	(	PUNCT
ajfa-4336	198	27	tej	tej	PROPN
ajfa-4336	198	28	)	)	PUNCT
ajfa-4336	198	29	databank	databank	NOUN
ajfa-4336	198	30	.	.	PUNCT
ajfa-4336	199	1	the	the	DET
ajfa-4336	199	2	research	research	NOUN
ajfa-4336	199	3	period	period	NOUN
ajfa-4336	199	4	includes	include	VERB
ajfa-4336	199	5	64	64	NUM
ajfa-4336	199	6	quarters	quarter	NOUN
ajfa-4336	199	7	(	(	PUNCT
ajfa-4336	199	8	16	16	NUM
ajfa-4336	199	9	years	year	NOUN
ajfa-4336	199	10	)	)	PUNCT
ajfa-4336	199	11	from	from	ADP
ajfa-4336	199	12	january	january	PROPN
ajfa-4336	199	13	1	1	NUM
ajfa-4336	199	14	,	,	PUNCT
ajfa-4336	199	15	1980	1980	NUM
ajfa-4336	199	16	to	to	ADP
ajfa-4336	199	17	june	june	PROPN
ajfa-4336	199	18	30	30	NUM
ajfa-4336	199	19	,	,	PUNCT
ajfa-4336	199	20	2006	2006	NUM
ajfa-4336	199	21	and	and	CCONJ
ajfa-4336	199	22	a	a	DET
ajfa-4336	199	23	total	total	ADJ
ajfa-4336	199	24	sample	sample	NOUN
ajfa-4336	199	25	of	of	ADP
ajfa-4336	199	26	153	153	NUM
ajfa-4336	199	27	igco	igco	NOUN
ajfa-4336	199	28	firms	firm	NOUN
ajfa-4336	199	29	.	.	PUNCT
ajfa-4336	200	1	because	because	SCONJ
ajfa-4336	200	2	a	a	DET
ajfa-4336	200	3	long	long	ADJ
ajfa-4336	200	4	complicated	complicated	ADJ
ajfa-4336	200	5	process	process	NOUN
ajfa-4336	200	6	is	be	AUX
ajfa-4336	200	7	involved	involve	VERB
ajfa-4336	200	8	for	for	ADP
ajfa-4336	200	9	a	a	DET
ajfa-4336	200	10	delisting	delisting	NOUN
ajfa-4336	200	11	crisis	crisis	NOUN
ajfa-4336	200	12	to	to	PART
ajfa-4336	200	13	occur	occur	VERB
ajfa-4336	200	14	,	,	PUNCT
ajfa-4336	200	15	our	our	PRON
ajfa-4336	200	16	study	study	NOUN
ajfa-4336	200	17	considers	consider	VERB
ajfa-4336	200	18	the	the	DET
ajfa-4336	200	19	survival	survival	NOUN
ajfa-4336	200	20	period	period	NOUN
ajfa-4336	200	21	from	from	ADP
ajfa-4336	200	22	the	the	DET
ajfa-4336	200	23	issuance	issuance	NOUN
ajfa-4336	200	24	of	of	ADP
ajfa-4336	200	25	igco	igco	NOUN
ajfa-4336	200	26	to	to	ADP
ajfa-4336	200	27	the	the	DET
ajfa-4336	200	28	time	time	NOUN
ajfa-4336	200	29	of	of	ADP
ajfa-4336	200	30	delisting	delisting	NOUN
ajfa-4336	200	31	(	(	PUNCT
ajfa-4336	200	32	the	the	DET
ajfa-4336	200	33	failure	failure	NOUN
ajfa-4336	200	34	event	event	NOUN
ajfa-4336	200	35	)	)	PUNCT
ajfa-4336	200	36	or	or	CCONJ
ajfa-4336	200	37	to	to	PART
ajfa-4336	200	38	research	research	NOUN
ajfa-4336	200	39	period	period	NOUN
ajfa-4336	200	40	stop	stop	VERB
ajfa-4336	200	41	date	date	NOUN
ajfa-4336	200	42	(	(	PUNCT
ajfa-4336	200	43	right	right	ADJ
ajfa-4336	200	44	censored	censored	ADJ
ajfa-4336	200	45	data	datum	NOUN
ajfa-4336	200	46	)	)	PUNCT
ajfa-4336	200	47	.	.	PUNCT
ajfa-4336	201	1	we	we	PRON
ajfa-4336	201	2	take	take	VERB
ajfa-4336	201	3	two	two	NUM
ajfa-4336	201	4	points	point	NOUN
ajfa-4336	201	5	in	in	ADP
ajfa-4336	201	6	time	time	NOUN
ajfa-4336	201	7	when	when	SCONJ
ajfa-4336	201	8	the	the	DET
ajfa-4336	201	9	igco	igco	NOUN
ajfa-4336	201	10	is	be	AUX
ajfa-4336	201	11	issued	issue	VERB
ajfa-4336	201	12	and	and	CCONJ
ajfa-4336	201	13	when	when	SCONJ
ajfa-4336	201	14	the	the	DET
ajfa-4336	201	15	delisting	delisting	NOUN
ajfa-4336	201	16	occurs	occur	VERB
ajfa-4336	201	17	to	to	PART
ajfa-4336	201	18	calculate	calculate	VERB
ajfa-4336	201	19	the	the	DET
ajfa-4336	201	20	actual	actual	ADJ
ajfa-4336	201	21	survival	survival	NOUN
ajfa-4336	201	22	period	period	NOUN
ajfa-4336	201	23	in	in	ADP
ajfa-4336	201	24	quarters	quarter	NOUN
ajfa-4336	201	25	.	.	PUNCT
ajfa-4336	202	1	during	during	ADP
ajfa-4336	202	2	the	the	DET
ajfa-4336	202	3	research	research	NOUN
ajfa-4336	202	4	period	period	NOUN
ajfa-4336	202	5	for	for	ADP
ajfa-4336	202	6	igco	igco	NOUN
ajfa-4336	202	7	firms	firm	NOUN
ajfa-4336	202	8	,	,	PUNCT
ajfa-4336	202	9	a	a	DET
ajfa-4336	202	10	total	total	ADJ
ajfa-4336	202	11	final	final	ADJ
ajfa-4336	202	12	sample	sample	NOUN
ajfa-4336	202	13	of	of	ADP
ajfa-4336	202	14	153	153	NUM
ajfa-4336	202	15	firms	firm	NOUN
ajfa-4336	202	16	is	be	AUX
ajfa-4336	202	17	obtained	obtain	VERB
ajfa-4336	202	18	for	for	ADP
ajfa-4336	202	19	modeling	modeling	NOUN
ajfa-4336	202	20	.	.	PUNCT
ajfa-4336	203	1	to	to	PART
ajfa-4336	203	2	qualify	qualify	VERB
ajfa-4336	203	3	as	as	ADP
ajfa-4336	203	4	a	a	DET
ajfa-4336	203	5	delisting	delist	VERB
ajfa-4336	203	6	firm	firm	NOUN
ajfa-4336	203	7	in	in	ADP
ajfa-4336	203	8	this	this	DET
ajfa-4336	203	9	paper	paper	NOUN
ajfa-4336	203	10	,	,	PUNCT
ajfa-4336	203	11	the	the	DET
ajfa-4336	203	12	firm	firm	NOUN
ajfa-4336	203	13	must	must	AUX
ajfa-4336	203	14	be	be	AUX
ajfa-4336	203	15	delisted	delist	VERB
ajfa-4336	203	16	by	by	ADP
ajfa-4336	203	17	taiwan	taiwan	PROPN
ajfa-4336	203	18	securities	securities	PROPN
ajfa-4336	203	19	and	and	CCONJ
ajfa-4336	203	20	futures	future	NOUN
ajfa-4336	203	21	bureau	bureau	NOUN
ajfa-4336	203	22	but	but	CCONJ
ajfa-4336	203	23	not	not	PART
ajfa-4336	203	24	by	by	ADP
ajfa-4336	203	25	voluntary	voluntary	ADJ
ajfa-4336	203	26	delisting	delisting	NOUN
ajfa-4336	203	27	.	.	PUNCT
ajfa-4336	204	1	during	during	ADP
ajfa-4336	204	2	the	the	DET
ajfa-4336	204	3	research	research	NOUN
ajfa-4336	204	4	period	period	NOUN
ajfa-4336	204	5	(	(	PUNCT
ajfa-4336	204	6	1980/1/1~2006/6/30	1980/1/1~2006/6/30	NUM
ajfa-4336	204	7	)	)	PUNCT
ajfa-4336	204	8	,	,	PUNCT
ajfa-4336	204	9	if	if	SCONJ
ajfa-4336	204	10	a	a	DET
ajfa-4336	204	11	survival	survival	NOUN
ajfa-4336	204	12	period	period	NOUN
ajfa-4336	204	13	could	could	AUX
ajfa-4336	204	14	be	be	AUX
ajfa-4336	204	15	measured	measure	VERB
ajfa-4336	204	16	,	,	PUNCT
ajfa-4336	204	17	a	a	DET
ajfa-4336	204	18	completed	complete	VERB
ajfa-4336	204	19	data	datum	NOUN
ajfa-4336	204	20	for	for	ADP
ajfa-4336	204	21	an	an	DET
ajfa-4336	204	22	igco	igco	NOUN
ajfa-4336	204	23	delisting	delist	VERB
ajfa-4336	204	24	sample	sample	NOUN
ajfa-4336	204	25	firm	firm	NOUN
ajfa-4336	204	26	is	be	AUX
ajfa-4336	204	27	obtained	obtain	VERB
ajfa-4336	204	28	.	.	PUNCT
ajfa-4336	205	1	however	however	ADV
ajfa-4336	205	2	,	,	PUNCT
ajfa-4336	205	3	if	if	SCONJ
ajfa-4336	205	4	the	the	DET
ajfa-4336	205	5	delisting	delisting	NOUN
ajfa-4336	205	6	time	time	NOUN
ajfa-4336	205	7	is	be	AUX
ajfa-4336	205	8	after	after	SCONJ
ajfa-4336	205	9	the	the	DET
ajfa-4336	205	10	research	research	NOUN
ajfa-4336	205	11	stop	stop	VERB
ajfa-4336	205	12	date	date	NOUN
ajfa-4336	205	13	,	,	PUNCT
ajfa-4336	205	14	the	the	DET
ajfa-4336	205	15	igco	igco	NOUN
ajfa-4336	205	16	sample	sample	NOUN
ajfa-4336	205	17	firm	firm	NOUN
ajfa-4336	205	18	is	be	AUX
ajfa-4336	205	19	considered	consider	VERB
ajfa-4336	205	20	un	un	ADJ
ajfa-4336	205	21	-	-	ADJ
ajfa-4336	205	22	delisting	delisting	ADJ
ajfa-4336	205	23	(	(	PUNCT
ajfa-4336	205	24	right	right	ADJ
ajfa-4336	205	25	censored	censored	ADJ
ajfa-4336	205	26	data	datum	NOUN
ajfa-4336	205	27	)	)	PUNCT
ajfa-4336	205	28	and	and	CCONJ
ajfa-4336	205	29	has	have	VERB
ajfa-4336	205	30	an	an	DET
ajfa-4336	205	31	incomplete	incomplete	ADJ
ajfa-4336	205	32	survival	survival	NOUN
ajfa-4336	205	33	data	data	PROPN
ajfa-4336	205	34	.	.	PUNCT
ajfa-4336	206	1	for	for	ADP
ajfa-4336	206	2	this	this	DET
ajfa-4336	206	3	incomplete	incomplete	ADJ
ajfa-4336	206	4	survival	survival	NOUN
ajfa-4336	206	5	data	datum	NOUN
ajfa-4336	206	6	(	(	PUNCT
ajfa-4336	206	7	right	right	ADV
ajfa-4336	206	8	censored	censor	VERB
ajfa-4336	206	9	)	)	PUNCT
ajfa-4336	206	10	,	,	PUNCT
ajfa-4336	206	11	its	its	PRON
ajfa-4336	206	12	survival	survival	NOUN
ajfa-4336	206	13	period	period	NOUN
ajfa-4336	206	14	is	be	AUX
ajfa-4336	206	15	calculated	calculate	VERB
ajfa-4336	206	16	by	by	ADP
ajfa-4336	206	17	deducting	deduct	VERB
ajfa-4336	206	18	the	the	DET
ajfa-4336	206	19	research	research	NOUN
ajfa-4336	206	20	stop	stop	VERB
ajfa-4336	206	21	date	date	NOUN
ajfa-4336	206	22	from	from	ADP
ajfa-4336	206	23	the	the	DET
ajfa-4336	206	24	igco	igco	NOUN
ajfa-4336	206	25	date	date	NOUN
ajfa-4336	206	26	.	.	PUNCT
ajfa-4336	207	1	these	these	DET
ajfa-4336	207	2	incomplete	incomplete	ADJ
ajfa-4336	207	3	survival	survival	NOUN
ajfa-4336	207	4	data	datum	NOUN
ajfa-4336	207	5	can	can	AUX
ajfa-4336	207	6	only	only	ADV
ajfa-4336	207	7	provide	provide	VERB
ajfa-4336	207	8	partial	partial	ADJ
ajfa-4336	207	9	information	information	NOUN
ajfa-4336	207	10	due	due	ADP
ajfa-4336	207	11	to	to	ADP
ajfa-4336	207	12	the	the	DET
ajfa-4336	207	13	limitation	limitation	NOUN
ajfa-4336	207	14	on	on	ADP
ajfa-4336	207	15	the	the	DET
ajfa-4336	207	16	research	research	NOUN
ajfa-4336	207	17	period	period	NOUN
ajfa-4336	207	18	stop	stop	VERB
ajfa-4336	207	19	date	date	NOUN
ajfa-4336	207	20	.	.	PUNCT
ajfa-4336	208	1	table	table	NOUN
ajfa-4336	208	2	3	3	NUM
ajfa-4336	208	3	lists	list	VERB
ajfa-4336	208	4	the	the	DET
ajfa-4336	208	5	selected	select	VERB
ajfa-4336	208	6	sample	sample	NOUN
ajfa-4336	208	7	numbers	number	NOUN
ajfa-4336	208	8	,	,	PUNCT
ajfa-4336	208	9	in	in	ADP
ajfa-4336	208	10	which	which	DET
ajfa-4336	208	11	panel	panel	NOUN
ajfa-4336	208	12	a	a	PRON
ajfa-4336	208	13	is	be	AUX
ajfa-4336	208	14	the	the	DET
ajfa-4336	208	15	sample	sample	NOUN
ajfa-4336	208	16	selection	selection	NOUN
ajfa-4336	208	17	process	process	NOUN
ajfa-4336	208	18	for	for	ADP
ajfa-4336	208	19	financial	financial	ADJ
ajfa-4336	208	20	distress	distress	NOUN
ajfa-4336	208	21	firms	firm	NOUN
ajfa-4336	208	22	.	.	PUNCT
ajfa-4336	209	1	the	the	DET
ajfa-4336	209	2	first	first	ADJ
ajfa-4336	209	3	sample	sample	NOUN
ajfa-4336	209	4	selection	selection	NOUN
ajfa-4336	209	5	standard	standard	NOUN
ajfa-4336	209	6	is	be	AUX
ajfa-4336	209	7	to	to	PART
ajfa-4336	209	8	include	include	VERB
ajfa-4336	209	9	only	only	ADV
ajfa-4336	209	10	those	those	DET
ajfa-4336	209	11	igco	igco	NOUN
ajfa-4336	209	12	firms	firm	NOUN
ajfa-4336	209	13	who	who	PRON
ajfa-4336	209	14	have	have	VERB
ajfa-4336	209	15	complete	complete	ADJ
ajfa-4336	209	16	financial	financial	ADJ
ajfa-4336	209	17	statements	statement	NOUN
ajfa-4336	209	18	and	and	CCONJ
ajfa-4336	209	19	related	related	ADJ
ajfa-4336	209	20	information	information	NOUN
ajfa-4336	209	21	.	.	PUNCT
ajfa-4336	210	1	thus	thus	ADV
ajfa-4336	210	2	,	,	PUNCT
ajfa-4336	210	3	four	four	NUM
ajfa-4336	210	4	banking	banking	NOUN
ajfa-4336	210	5	and	and	CCONJ
ajfa-4336	210	6	securities	security	NOUN
ajfa-4336	210	7	igco	igco	NOUN
ajfa-4336	210	8	firms	firm	NOUN
ajfa-4336	210	9	with	with	ADP
ajfa-4336	210	10	significant	significant	ADJ
ajfa-4336	210	11	different	different	ADJ
ajfa-4336	210	12	accounting	accounting	NOUN
ajfa-4336	210	13	systems	system	NOUN
ajfa-4336	210	14	and	and	CCONJ
ajfa-4336	210	15	25	25	NUM
ajfa-4336	210	16	other	other	ADJ
ajfa-4336	210	17	igco	igco	NOUN
ajfa-4336	210	18	firms	firm	NOUN
ajfa-4336	210	19	with	with	ADP
ajfa-4336	210	20	incomplete	incomplete	ADJ
ajfa-4336	210	21	information	information	NOUN
ajfa-4336	210	22	are	be	AUX
ajfa-4336	210	23	excluded	exclude	VERB
ajfa-4336	210	24	.	.	PUNCT
ajfa-4336	211	1	finally	finally	ADV
ajfa-4336	211	2	,	,	PUNCT
ajfa-4336	211	3	153	153	NUM
ajfa-4336	211	4	igco	igco	NOUN
ajfa-4336	211	5	firms	firm	NOUN
ajfa-4336	211	6	are	be	AUX
ajfa-4336	211	7	derived	derive	VERB
ajfa-4336	211	8	as	as	ADP
ajfa-4336	211	9	our	our	PRON
ajfa-4336	211	10	research	research	NOUN
ajfa-4336	211	11	sample	sample	NOUN
ajfa-4336	211	12	at	at	ADP
ajfa-4336	211	13	the	the	DET
ajfa-4336	211	14	research	research	NOUN
ajfa-4336	211	15	stop	stop	VERB
ajfa-4336	211	16	date	date	NOUN
ajfa-4336	211	17	of	of	ADP
ajfa-4336	211	18	june	june	PROPN
ajfa-4336	211	19	30	30	NUM
ajfa-4336	211	20	,	,	PUNCT
ajfa-4336	211	21	2006	2006	NUM
ajfa-4336	211	22	.	.	PUNCT
ajfa-4336	212	1	panel	panel	NOUN
ajfa-4336	212	2	b	b	PROPN
ajfa-4336	212	3	in	in	ADP
ajfa-4336	212	4	table	table	NOUN
ajfa-4336	212	5	3	3	NUM
ajfa-4336	212	6	lists	list	NOUN
ajfa-4336	212	7	annual	annual	ADJ
ajfa-4336	212	8	sample	sample	NOUN
ajfa-4336	212	9	numbers	number	NOUN
ajfa-4336	212	10	of	of	ADP
ajfa-4336	212	11	igco	igco	NOUN
ajfa-4336	212	12	firms	firm	NOUN
ajfa-4336	212	13	,	,	PUNCT
ajfa-4336	212	14	delisting	delisting	NOUN
ajfa-4336	212	15	and	and	CCONJ
ajfa-4336	212	16	un	un	ADJ
ajfa-4336	212	17	-	-	ADJ
ajfa-4336	212	18	delisting	delisting	NOUN
ajfa-4336	212	19	.	.	PUNCT
ajfa-4336	213	1	until	until	SCONJ
ajfa-4336	213	2	the	the	DET
ajfa-4336	213	3	research	research	NOUN
ajfa-4336	213	4	stop	stop	VERB
ajfa-4336	213	5	date	date	NOUN
ajfa-4336	213	6	(	(	PUNCT
ajfa-4336	213	7	2006/6/30	2006/6/30	NUM
ajfa-4336	213	8	)	)	PUNCT
ajfa-4336	213	9	,	,	PUNCT
ajfa-4336	213	10	68	68	NUM
ajfa-4336	213	11	igco	igco	NOUN
ajfa-4336	213	12	firms	firm	NOUN
ajfa-4336	213	13	are	be	AUX
ajfa-4336	213	14	delisted	delist	VERB
ajfa-4336	213	15	and	and	CCONJ
ajfa-4336	213	16	85	85	NUM
ajfa-4336	213	17	igco	igco	NOUN
ajfa-4336	213	18	firms	firm	NOUN
ajfa-4336	213	19	are	be	AUX
ajfa-4336	213	20	un	un	ADJ
ajfa-4336	213	21	-	-	ADJ
ajfa-4336	213	22	delisted	delist	VERB
ajfa-4336	213	23	.	.	PUNCT
ajfa-4336	214	1	based	base	VERB
ajfa-4336	214	2	on	on	ADP
ajfa-4336	214	3	the	the	DET
ajfa-4336	214	4	sample	sample	NOUN
ajfa-4336	214	5	data	datum	NOUN
ajfa-4336	214	6	,	,	PUNCT
ajfa-4336	214	7	since	since	SCONJ
ajfa-4336	214	8	1998	1998	NUM
ajfa-4336	214	9	,	,	PUNCT
ajfa-4336	214	10	numbers	number	NOUN
ajfa-4336	214	11	of	of	ADP
ajfa-4336	214	12	igco	igco	NOUN
ajfa-4336	214	13	firms	firm	NOUN
ajfa-4336	214	14	increase	increase	VERB
ajfa-4336	214	15	,	,	PUNCT
ajfa-4336	214	16	and	and	CCONJ
ajfa-4336	214	17	delisting	delisting	NOUN
ajfa-4336	214	18	occurs	occur	VERB
ajfa-4336	214	19	mostly	mostly	ADV
ajfa-4336	214	20	after	after	ADP
ajfa-4336	214	21	1998	1998	NUM
ajfa-4336	214	22	.	.	PUNCT
ajfa-4336	215	1	the	the	DET
ajfa-4336	215	2	main	main	ADJ
ajfa-4336	215	3	reason	reason	NOUN
ajfa-4336	215	4	may	may	AUX
ajfa-4336	215	5	due	due	ADP
ajfa-4336	215	6	to	to	ADP
ajfa-4336	215	7	the	the	DET
ajfa-4336	215	8	asian	asian	ADJ
ajfa-4336	215	9	financial	financial	ADJ
ajfa-4336	215	10	crisis	crisis	NOUN
ajfa-4336	215	11	in	in	ADP
ajfa-4336	215	12	1997	1997	NUM
ajfa-4336	215	13	which	which	PRON
ajfa-4336	215	14	overturns	overturn	VERB
ajfa-4336	215	15	economic	economic	ADJ
ajfa-4336	215	16	condition	condition	NOUN
ajfa-4336	215	17	,	,	PUNCT
ajfa-4336	215	18	leading	lead	VERB
ajfa-4336	215	19	operating	operating	NOUN
ajfa-4336	215	20	difficulties	difficulty	NOUN
ajfa-4336	215	21	and	and	CCONJ
ajfa-4336	215	22	depressing	depress	VERB
ajfa-4336	215	23	stock	stock	NOUN
ajfa-4336	215	24	market	market	NOUN
ajfa-4336	215	25	continuously	continuously	ADV
ajfa-4336	215	26	.	.	PUNCT
ajfa-4336	216	1	during	during	ADP
ajfa-4336	216	2	the	the	DET
ajfa-4336	216	3	period	period	NOUN
ajfa-4336	216	4	,	,	PUNCT
ajfa-4336	216	5	many	many	ADJ
ajfa-4336	216	6	adverse	adverse	ADJ
ajfa-4336	216	7	cases	case	NOUN
ajfa-4336	216	8	such	such	ADJ
ajfa-4336	216	9	as	as	ADP
ajfa-4336	216	10	inappropriate	inappropriate	ADJ
ajfa-4336	216	11	corporate	corporate	ADJ
ajfa-4336	216	12	investments	investment	NOUN
ajfa-4336	216	13	or	or	CCONJ
ajfa-4336	216	14	misappropriating	misappropriate	VERB
ajfa-4336	216	15	corporate	corporate	ADJ
ajfa-4336	216	16	capital	capital	NOUN
ajfa-4336	216	17	by	by	ADP
ajfa-4336	216	18	large	large	ADJ
ajfa-4336	216	19	shareholders	shareholder	NOUN
ajfa-4336	216	20	to	to	PART
ajfa-4336	216	21	maintain	maintain	VERB
ajfa-4336	216	22	stock	stock	NOUN
ajfa-4336	216	23	prices	price	NOUN
ajfa-4336	216	24	have	have	AUX
ajfa-4336	216	25	caused	cause	VERB
ajfa-4336	216	26	corporate	corporate	ADJ
ajfa-4336	216	27	bankruptcy	bankruptcy	NOUN
ajfa-4336	216	28	.	.	PUNCT
ajfa-4336	217	1	asian	asian	ADJ
ajfa-4336	217	2	journal	journal	PROPN
ajfa-4336	217	3	of	of	ADP
ajfa-4336	217	4	finance	finance	PROPN
ajfa-4336	217	5	&	&	CCONJ
ajfa-4336	217	6	accounting	accounting	PROPN
ajfa-4336	217	7	issn	issn	PROPN
ajfa-4336	217	8	1946	1946	NUM
ajfa-4336	217	9	-	-	PUNCT
ajfa-4336	217	10	052x	052x	NOUN
ajfa-4336	217	11	2013	2013	NUM
ajfa-4336	217	12	,	,	PUNCT
ajfa-4336	217	13	vol	vol	NOUN
ajfa-4336	217	14	.	.	PROPN
ajfa-4336	217	15	5	5	NUM
ajfa-4336	217	16	,	,	PUNCT
ajfa-4336	217	17	no	no	INTJ
ajfa-4336	217	18	.	.	NOUN
ajfa-4336	217	19	2	2	NUM
ajfa-4336	217	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4336	217	21	150	150	NUM
ajfa-4336	217	22	table	table	NOUN
ajfa-4336	217	23	3	3	NUM
ajfa-4336	217	24	.	.	PUNCT
ajfa-4336	217	25	sample	sample	NOUN
ajfa-4336	217	26	selection	selection	NOUN
ajfa-4336	217	27	panel	panel	NOUN
ajfa-4336	217	28	a	a	DET
ajfa-4336	217	29	:	:	PUNCT
ajfa-4336	217	30	sample	sample	NOUN
ajfa-4336	217	31	selection	selection	NOUN
ajfa-4336	217	32	process	process	NOUN
ajfa-4336	217	33	#	#	NOUN
ajfa-4336	217	34	of	of	ADP
ajfa-4336	217	35	igco	igco	NOUN
ajfa-4336	217	36	firms	firm	NOUN
ajfa-4336	217	37	during	during	ADP
ajfa-4336	217	38	1980	1980	NUM
ajfa-4336	217	39	–	–	PUNCT
ajfa-4336	217	40	2006	2006	NUM
ajfa-4336	217	41	182	182	NUM
ajfa-4336	217	42	less	less	ADJ
ajfa-4336	217	43	:	:	PUNCT
ajfa-4336	217	44	banking	banking	NOUN
ajfa-4336	217	45	and	and	CCONJ
ajfa-4336	217	46	securities	security	NOUN
ajfa-4336	217	47	companies	company	NOUN
ajfa-4336	218	1	4	4	NUM
ajfa-4336	218	2	less	less	ADJ
ajfa-4336	218	3	:	:	PUNCT
ajfa-4336	218	4	incomplete	incomplete	ADJ
ajfa-4336	218	5	data	datum	NOUN
ajfa-4336	218	6	information	information	NOUN
ajfa-4336	218	7	25	25	NUM
ajfa-4336	218	8	total	total	ADJ
ajfa-4336	218	9	number	number	NOUN
ajfa-4336	218	10	of	of	ADP
ajfa-4336	218	11	final	final	ADJ
ajfa-4336	218	12	igco	igco	NOUN
ajfa-4336	218	13	sample	sample	NOUN
ajfa-4336	218	14	firms	firm	NOUN
ajfa-4336	218	15	153	153	NUM
ajfa-4336	218	16	panel	panel	NOUN
ajfa-4336	218	17	b	b	NOUN
ajfa-4336	218	18	:	:	PUNCT
ajfa-4336	218	19	annual	annual	ADJ
ajfa-4336	218	20	sample	sample	NOUN
ajfa-4336	218	21	selected	select	VERB
ajfa-4336	218	22	year	year	NOUN
ajfa-4336	218	23	#	#	NOUN
ajfa-4336	218	24	of	of	ADP
ajfa-4336	218	25	igco	igco	NOUN
ajfa-4336	218	26	firms	firm	NOUN
ajfa-4336	218	27	#	#	NOUN
ajfa-4336	218	28	of	of	ADP
ajfa-4336	218	29	delisting	delist	VERB
ajfa-4336	218	30	firms	firm	NOUN
ajfa-4336	218	31	#	#	NOUN
ajfa-4336	218	32	of	of	ADP
ajfa-4336	218	33	un	un	ADJ
ajfa-4336	218	34	-	-	ADJ
ajfa-4336	218	35	delisting	delisting	ADJ
ajfa-4336	218	36	1980	1980	NUM
ajfa-4336	218	37	0	0	NUM
ajfa-4336	218	38	0	0	NUM
ajfa-4336	218	39	0	0	NUM
ajfa-4336	218	40	1981	1981	NUM
ajfa-4336	218	41	0	0	NUM
ajfa-4336	218	42	0	0	SYM
ajfa-4336	218	43	0	0	NUM
ajfa-4336	218	44	1982	1982	NUM
ajfa-4336	218	45	1	1	NUM
ajfa-4336	218	46	1	1	NUM
ajfa-4336	218	47	0	0	NUM
ajfa-4336	218	48	1983	1983	NUM
ajfa-4336	218	49	0	0	NUM
ajfa-4336	218	50	0	0	NUM
ajfa-4336	218	51	0	0	NUM
ajfa-4336	218	52	1984	1984	NUM
ajfa-4336	218	53	0	0	NUM
ajfa-4336	218	54	0	0	NUM
ajfa-4336	218	55	0	0	NUM
ajfa-4336	218	56	1985	1985	NUM
ajfa-4336	218	57	0	0	SYM
ajfa-4336	218	58	0	0	SYM
ajfa-4336	218	59	0	0	NUM
ajfa-4336	218	60	1986	1986	NUM
ajfa-4336	218	61	1	1	NUM
ajfa-4336	218	62	1	1	NUM
ajfa-4336	218	63	0	0	NUM
ajfa-4336	218	64	1987	1987	NUM
ajfa-4336	218	65	2	2	NUM
ajfa-4336	218	66	2	2	NUM
ajfa-4336	218	67	0	0	NUM
ajfa-4336	218	68	1988	1988	NUM
ajfa-4336	218	69	1	1	NUM
ajfa-4336	218	70	1	1	NUM
ajfa-4336	218	71	0	0	NUM
ajfa-4336	218	72	1989	1989	NUM
ajfa-4336	218	73	0	0	NUM
ajfa-4336	218	74	0	0	NUM
ajfa-4336	218	75	0	0	NUM
ajfa-4336	218	76	1990	1990	NUM
ajfa-4336	218	77	0	0	NUM
ajfa-4336	218	78	0	0	NUM
ajfa-4336	218	79	0	0	NUM
ajfa-4336	218	80	1991	1991	NUM
ajfa-4336	218	81	2	2	NUM
ajfa-4336	218	82	2	2	NUM
ajfa-4336	218	83	0	0	NUM
ajfa-4336	218	84	1992	1992	NUM
ajfa-4336	218	85	0	0	NUM
ajfa-4336	218	86	0	0	SYM
ajfa-4336	218	87	0	0	NUM
ajfa-4336	218	88	1993	1993	NUM
ajfa-4336	218	89	0	0	NUM
ajfa-4336	218	90	0	0	NUM
ajfa-4336	218	91	0	0	NUM
ajfa-4336	218	92	1994	1994	NUM
ajfa-4336	218	93	1	1	NUM
ajfa-4336	218	94	0	0	NUM
ajfa-4336	218	95	1	1	NUM
ajfa-4336	218	96	1995	1995	NUM
ajfa-4336	218	97	3	3	NUM
ajfa-4336	218	98	3	3	NUM
ajfa-4336	218	99	0	0	NUM
ajfa-4336	218	100	1996	1996	NUM
ajfa-4336	218	101	1	1	NUM
ajfa-4336	218	102	1	1	NUM
ajfa-4336	218	103	0	0	NUM
ajfa-4336	218	104	1997	1997	NUM
ajfa-4336	218	105	0	0	NUM
ajfa-4336	218	106	0	0	NUM
ajfa-4336	218	107	0	0	NUM
ajfa-4336	218	108	1998	1998	NUM
ajfa-4336	218	109	20	20	NUM
ajfa-4336	218	110	14	14	NUM
ajfa-4336	218	111	6	6	NUM
ajfa-4336	218	112	1999	1999	NUM
ajfa-4336	218	113	14	14	NUM
ajfa-4336	218	114	9	9	NUM
ajfa-4336	218	115	5	5	NUM
ajfa-4336	218	116	2000	2000	NUM
ajfa-4336	218	117	18	18	NUM
ajfa-4336	218	118	10	10	NUM
ajfa-4336	218	119	8	8	NUM
ajfa-4336	218	120	2001	2001	NUM
ajfa-4336	218	121	30	30	NUM
ajfa-4336	218	122	10	10	NUM
ajfa-4336	218	123	20	20	NUM
ajfa-4336	218	124	2002	2002	NUM
ajfa-4336	218	125	12	12	NUM
ajfa-4336	218	126	4	4	NUM
ajfa-4336	218	127	8	8	NUM
ajfa-4336	218	128	2003	2003	NUM
ajfa-4336	218	129	9	9	NUM
ajfa-4336	218	130	3	3	NUM
ajfa-4336	218	131	6	6	NUM
ajfa-4336	218	132	2004	2004	NUM
ajfa-4336	218	133	19	19	NUM
ajfa-4336	218	134	7	7	NUM
ajfa-4336	218	135	12	12	NUM
ajfa-4336	218	136	2005	2005	NUM
ajfa-4336	218	137	19	19	NUM
ajfa-4336	218	138	0	0	NUM
ajfa-4336	218	139	19	19	NUM
ajfa-4336	218	140	2006	2006	NUM
ajfa-4336	218	141	0	0	NUM
ajfa-4336	218	142	0	0	SYM
ajfa-4336	218	143	0	0	NUM
ajfa-4336	218	144	total	total	NOUN
ajfa-4336	218	145	153	153	NUM
ajfa-4336	218	146	68	68	NUM
ajfa-4336	218	147	85	85	NUM
ajfa-4336	218	148	asian	asian	ADJ
ajfa-4336	218	149	journal	journal	NOUN
ajfa-4336	218	150	of	of	ADP
ajfa-4336	218	151	finance	finance	PROPN
ajfa-4336	218	152	&	&	CCONJ
ajfa-4336	218	153	accounting	accounting	PROPN
ajfa-4336	218	154	issn	issn	PROPN
ajfa-4336	218	155	1946	1946	NUM
ajfa-4336	218	156	-	-	PUNCT
ajfa-4336	218	157	052x	052x	NOUN
ajfa-4336	218	158	2013	2013	NUM
ajfa-4336	218	159	,	,	PUNCT
ajfa-4336	218	160	vol	vol	NOUN
ajfa-4336	218	161	.	.	PROPN
ajfa-4336	218	162	5	5	NUM
ajfa-4336	218	163	,	,	PUNCT
ajfa-4336	218	164	no	no	INTJ
ajfa-4336	218	165	.	.	NOUN
ajfa-4336	218	166	2	2	NUM
ajfa-4336	218	167	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4336	218	168	151	151	NUM
ajfa-4336	218	169	table	table	NOUN
ajfa-4336	218	170	4	4	NUM
ajfa-4336	218	171	is	be	AUX
ajfa-4336	218	172	the	the	DET
ajfa-4336	218	173	sample	sample	NOUN
ajfa-4336	218	174	statistics	statistic	NOUN
ajfa-4336	218	175	for	for	ADP
ajfa-4336	218	176	the	the	DET
ajfa-4336	218	177	153	153	NUM
ajfa-4336	218	178	igco	igco	NOUN
ajfa-4336	218	179	sample	sample	NOUN
ajfa-4336	218	180	firms	firm	NOUN
ajfa-4336	218	181	by	by	ADP
ajfa-4336	218	182	industry	industry	NOUN
ajfa-4336	218	183	and	and	CCONJ
ajfa-4336	218	184	listing	list	VERB
ajfa-4336	218	185	market	market	NOUN
ajfa-4336	218	186	.	.	PUNCT
ajfa-4336	219	1	it	it	PRON
ajfa-4336	219	2	is	be	AUX
ajfa-4336	219	3	generally	generally	ADV
ajfa-4336	219	4	believed	believe	VERB
ajfa-4336	219	5	public	public	ADJ
ajfa-4336	219	6	firms	firm	NOUN
ajfa-4336	219	7	listing	list	VERB
ajfa-4336	219	8	in	in	ADP
ajfa-4336	219	9	the	the	DET
ajfa-4336	219	10	otc	otc	PROPN
ajfa-4336	219	11	market	market	NOUN
ajfa-4336	219	12	have	have	VERB
ajfa-4336	219	13	smaller	small	ADJ
ajfa-4336	219	14	capital	capital	NOUN
ajfa-4336	219	15	and	and	CCONJ
ajfa-4336	219	16	unhealthier	unhealthy	ADJ
ajfa-4336	219	17	financial	financial	ADJ
ajfa-4336	219	18	structure	structure	NOUN
ajfa-4336	219	19	than	than	ADP
ajfa-4336	219	20	those	those	PRON
ajfa-4336	219	21	listing	list	VERB
ajfa-4336	219	22	in	in	ADP
ajfa-4336	219	23	the	the	DET
ajfa-4336	219	24	main	main	ADJ
ajfa-4336	219	25	stock	stock	NOUN
ajfa-4336	219	26	market	market	NOUN
ajfa-4336	219	27	.	.	PUNCT
ajfa-4336	220	1	this	this	DET
ajfa-4336	220	2	paper	paper	NOUN
ajfa-4336	220	3	test	test	NOUN
ajfa-4336	220	4	the	the	DET
ajfa-4336	220	5	effect	effect	NOUN
ajfa-4336	220	6	of	of	ADP
ajfa-4336	220	7	type	type	NOUN
ajfa-4336	220	8	of	of	ADP
ajfa-4336	220	9	listing	list	VERB
ajfa-4336	220	10	market	market	NOUN
ajfa-4336	220	11	on	on	ADP
ajfa-4336	220	12	delisting	delist	VERB
ajfa-4336	220	13	and	and	CCONJ
ajfa-4336	220	14	find	find	VERB
ajfa-4336	220	15	it	it	PRON
ajfa-4336	220	16	is	be	AUX
ajfa-4336	220	17	insignificant	insignificant	ADJ
ajfa-4336	220	18	at	at	ADP
ajfa-4336	220	19	a	a	DET
ajfa-4336	220	20	0.05	0.05	NUM
ajfa-4336	220	21	confidence	confidence	NOUN
ajfa-4336	220	22	level	level	NOUN
ajfa-4336	220	23	with	with	ADP
ajfa-4336	220	24	a	a	DET
ajfa-4336	220	25	correlation	correlation	NOUN
ajfa-4336	220	26	phi	phi	NOUN
ajfa-4336	220	27	coefficient	coefficient	NOUN
ajfa-4336	220	28	of	of	ADP
ajfa-4336	220	29	1.414	1.414	NUM
ajfa-4336	220	30	with	with	ADP
ajfa-4336	220	31	p	p	NOUN
ajfa-4336	220	32	-	-	PUNCT
ajfa-4336	220	33	value	value	NOUN
ajfa-4336	220	34	of	of	ADP
ajfa-4336	220	35	0.199	0.199	NUM
ajfa-4336	220	36	.	.	PUNCT
ajfa-4336	221	1	thus	thus	ADV
ajfa-4336	221	2	,	,	PUNCT
ajfa-4336	221	3	empirically	empirically	ADV
ajfa-4336	221	4	there	there	PRON
ajfa-4336	221	5	is	be	VERB
ajfa-4336	221	6	no	no	DET
ajfa-4336	221	7	significant	significant	ADJ
ajfa-4336	221	8	correlation	correlation	NOUN
ajfa-4336	221	9	between	between	ADP
ajfa-4336	221	10	delisting	delist	VERB
ajfa-4336	221	11	and	and	CCONJ
ajfa-4336	221	12	listing	list	VERB
ajfa-4336	221	13	market	market	NOUN
ajfa-4336	221	14	type	type	NOUN
ajfa-4336	221	15	in	in	ADP
ajfa-4336	221	16	taiwan	taiwan	PROPN
ajfa-4336	221	17	for	for	ADP
ajfa-4336	221	18	our	our	PRON
ajfa-4336	221	19	igco	igco	NOUN
ajfa-4336	221	20	sample	sample	NOUN
ajfa-4336	221	21	firms	firm	NOUN
ajfa-4336	221	22	.	.	PUNCT
ajfa-4336	222	1	there	there	PRON
ajfa-4336	222	2	is	be	VERB
ajfa-4336	222	3	no	no	DET
ajfa-4336	222	4	difference	difference	NOUN
ajfa-4336	222	5	between	between	ADP
ajfa-4336	222	6	listing	list	VERB
ajfa-4336	222	7	market	market	NOUN
ajfa-4336	222	8	type	type	NOUN
ajfa-4336	222	9	for	for	ADP
ajfa-4336	222	10	delisting	delist	VERB
ajfa-4336	222	11	igco	igco	NOUN
ajfa-4336	222	12	firms	firm	NOUN
ajfa-4336	222	13	.	.	PUNCT
ajfa-4336	223	1	table	table	NOUN
ajfa-4336	223	2	4	4	NUM
ajfa-4336	223	3	.	.	PUNCT
ajfa-4336	224	1	sample	sample	NOUN
ajfa-4336	224	2	statistics	statistic	NOUN
ajfa-4336	224	3	for	for	ADP
ajfa-4336	224	4	the	the	DET
ajfa-4336	224	5	igco	igco	NOUN
ajfa-4336	224	6	firms	firm	NOUN
ajfa-4336	224	7	delisted	delist	VERB
ajfa-4336	224	8	igco	igco	NOUN
ajfa-4336	224	9	firms	firm	NOUN
ajfa-4336	224	10	un	un	ADJ
ajfa-4336	224	11	-	-	ADJ
ajfa-4336	224	12	delisted	delist	VERB
ajfa-4336	224	13	igco	igco	NOUN
ajfa-4336	224	14	firms	firm	NOUN
ajfa-4336	224	15	main	main	ADJ
ajfa-4336	224	16	market	market	NOUN
ajfa-4336	224	17	otc	otc	PROPN
ajfa-4336	224	18	market	market	NOUN
ajfa-4336	224	19	total	total	ADJ
ajfa-4336	224	20	main	main	ADJ
ajfa-4336	224	21	market	market	NOUN
ajfa-4336	224	22	otc	otc	NOUN
ajfa-4336	224	23	market	market	NOUN
ajfa-4336	224	24	total	total	NOUN
ajfa-4336	224	25	#	#	NOUN
ajfa-4336	224	26	%	%	NOUN
ajfa-4336	224	27	#	#	NOUN
ajfa-4336	224	28	%	%	NOUN
ajfa-4336	224	29	#	#	NOUN
ajfa-4336	224	30	%	%	NOUN
ajfa-4336	224	31	#	#	NOUN
ajfa-4336	224	32	%	%	NOUN
ajfa-4336	224	33	#	#	NOUN
ajfa-4336	224	34	%	%	NOUN
ajfa-4336	224	35	#	#	NOUN
ajfa-4336	224	36	%	%	NOUN
ajfa-4336	224	37	cement	cement	NOUN
ajfa-4336	224	38	0	0	NUM
ajfa-4336	224	39	0.00	0.00	NUM
ajfa-4336	224	40	0	0	NUM
ajfa-4336	224	41	0.00	0.00	NUM
ajfa-4336	224	42	0	0	NUM
ajfa-4336	224	43	0.00	0.00	NUM
ajfa-4336	224	44	1	1	NUM
ajfa-4336	224	45	1.18	1.18	NUM
ajfa-4336	224	46	0	0	NUM
ajfa-4336	224	47	0.00	0.00	NUM
ajfa-4336	224	48	1	1	NUM
ajfa-4336	224	49	1.18	1.18	NUM
ajfa-4336	224	50	food	food	NOUN
ajfa-4336	224	51	9	9	NUM
ajfa-4336	224	52	13.24	13.24	NUM
ajfa-4336	224	53	0	0	NUM
ajfa-4336	224	54	0.00	0.00	NUM
ajfa-4336	224	55	9	9	NUM
ajfa-4336	224	56	13.24	13.24	NUM
ajfa-4336	224	57	1	1	NUM
ajfa-4336	224	58	1.18	1.18	NUM
ajfa-4336	224	59	0	0	NUM
ajfa-4336	224	60	0.00	0.00	NUM
ajfa-4336	224	61	1	1	NUM
ajfa-4336	224	62	1.18	1.18	NUM
ajfa-4336	224	63	plastic	plastic	NOUN
ajfa-4336	224	64	1	1	NUM
ajfa-4336	224	65	1.47	1.47	NUM
ajfa-4336	224	66	0	0	NUM
ajfa-4336	224	67	0.00	0.00	NUM
ajfa-4336	224	68	1	1	NUM
ajfa-4336	224	69	1.47	1.47	NUM
ajfa-4336	224	70	2	2	NUM
ajfa-4336	224	71	2.35	2.35	NUM
ajfa-4336	224	72	0	0	NUM
ajfa-4336	224	73	0.00	0.00	NUM
ajfa-4336	224	74	2	2	NUM
ajfa-4336	224	75	2.35	2.35	NUM
ajfa-4336	224	76	textile	textile	NOUN
ajfa-4336	224	77	5	5	NUM
ajfa-4336	224	78	7.35	7.35	NUM
ajfa-4336	224	79	0	0	NUM
ajfa-4336	224	80	0.00	0.00	NUM
ajfa-4336	224	81	5	5	NUM
ajfa-4336	224	82	7.35	7.35	NUM
ajfa-4336	224	83	8	8	NUM
ajfa-4336	224	84	9.41	9.41	NUM
ajfa-4336	224	85	0	0	NUM
ajfa-4336	224	86	0.00	0.00	NUM
ajfa-4336	224	87	8	8	NUM
ajfa-4336	224	88	9.41	9.41	NUM
ajfa-4336	224	89	machinery	machinery	NOUN
ajfa-4336	224	90	2	2	NUM
ajfa-4336	224	91	2.94	2.94	NUM
ajfa-4336	224	92	0	0	NUM
ajfa-4336	224	93	0.00	0.00	NUM
ajfa-4336	224	94	2	2	NUM
ajfa-4336	224	95	2.94	2.94	NUM
ajfa-4336	224	96	0	0	NUM
ajfa-4336	224	97	0.00	0.00	NUM
ajfa-4336	224	98	0	0	NUM
ajfa-4336	224	99	0.00	0.00	NUM
ajfa-4336	224	100	0	0	NUM
ajfa-4336	224	101	0.00	0.00	NUM
ajfa-4336	224	102	appliance	appliance	NOUN
ajfa-4336	224	103	1	1	NUM
ajfa-4336	224	104	1.47	1.47	NUM
ajfa-4336	224	105	0	0	NUM
ajfa-4336	224	106	0.00	0.00	NUM
ajfa-4336	224	107	1	1	NUM
ajfa-4336	224	108	1.47	1.47	NUM
ajfa-4336	224	109	2	2	NUM
ajfa-4336	224	110	2.35	2.35	NUM
ajfa-4336	224	111	0	0	NUM
ajfa-4336	224	112	0.00	0.00	NUM
ajfa-4336	224	113	2	2	NUM
ajfa-4336	224	114	2.35	2.35	NUM
ajfa-4336	224	115	bio	bio	NOUN
ajfa-4336	224	116	-	-	NOUN
ajfa-4336	224	117	chem	chem	NOUN
ajfa-4336	224	118	0	0	NUM
ajfa-4336	224	119	0.00	0.00	NUM
ajfa-4336	224	120	0	0	NUM
ajfa-4336	224	121	0.00	0.00	NUM
ajfa-4336	224	122	0	0	NUM
ajfa-4336	224	123	0.00	0.00	NUM
ajfa-4336	224	124	1	1	NUM
ajfa-4336	224	125	1.18	1.18	NUM
ajfa-4336	224	126	1	1	NUM
ajfa-4336	224	127	1.18	1.18	NUM
ajfa-4336	224	128	2	2	NUM
ajfa-4336	224	129	2.35	2.35	NUM
ajfa-4336	224	130	glass	glass	NOUN
ajfa-4336	224	131	1	1	NUM
ajfa-4336	224	132	1.47	1.47	NUM
ajfa-4336	224	133	0	0	NUM
ajfa-4336	224	134	0.00	0.00	NUM
ajfa-4336	224	135	1	1	NUM
ajfa-4336	224	136	1.47	1.47	NUM
ajfa-4336	224	137	3	3	NUM
ajfa-4336	224	138	3.53	3.53	NUM
ajfa-4336	224	139	0	0	NUM
ajfa-4336	224	140	0.00	0.00	NUM
ajfa-4336	224	141	3	3	NUM
ajfa-4336	224	142	3.53	3.53	NUM
ajfa-4336	224	143	paper	paper	NOUN
ajfa-4336	224	144	0	0	NUM
ajfa-4336	224	145	0.00	0.00	NUM
ajfa-4336	224	146	0	0	NUM
ajfa-4336	224	147	0.00	0.00	NUM
ajfa-4336	224	148	0	0	NUM
ajfa-4336	224	149	0.00	0.00	NUM
ajfa-4336	224	150	1	1	NUM
ajfa-4336	224	151	1.18	1.18	NUM
ajfa-4336	224	152	0	0	NUM
ajfa-4336	224	153	0.00	0.00	NUM
ajfa-4336	224	154	1	1	NUM
ajfa-4336	224	155	1.18	1.18	NUM
ajfa-4336	224	156	steel	steel	NOUN
ajfa-4336	224	157	2	2	NUM
ajfa-4336	224	158	2.94	2.94	NUM
ajfa-4336	224	159	1	1	NUM
ajfa-4336	224	160	1.47	1.47	NUM
ajfa-4336	224	161	3	3	NUM
ajfa-4336	224	162	4.41	4.41	NUM
ajfa-4336	224	163	5	5	NUM
ajfa-4336	224	164	5.88	5.88	NUM
ajfa-4336	224	165	2	2	NUM
ajfa-4336	224	166	2.35	2.35	NUM
ajfa-4336	224	167	7	7	NUM
ajfa-4336	224	168	8.24	8.24	NUM
ajfa-4336	224	169	rubber	rubber	NOUN
ajfa-4336	224	170	0	0	NUM
ajfa-4336	224	171	0.00	0.00	NUM
ajfa-4336	224	172	0	0	NUM
ajfa-4336	224	173	0.00	0.00	NUM
ajfa-4336	224	174	0	0	NUM
ajfa-4336	224	175	0.00	0.00	NUM
ajfa-4336	224	176	1	1	NUM
ajfa-4336	224	177	1.18	1.18	NUM
ajfa-4336	224	178	0	0	NUM
ajfa-4336	224	179	0.00	0.00	NUM
ajfa-4336	224	180	1	1	NUM
ajfa-4336	224	181	1.18	1.18	NUM
ajfa-4336	224	182	auto	auto	NOUN
ajfa-4336	224	183	1	1	NUM
ajfa-4336	224	184	1.47	1.47	NUM
ajfa-4336	224	185	0	0	NUM
ajfa-4336	224	186	0.00	0.00	NUM
ajfa-4336	224	187	1	1	NUM
ajfa-4336	224	188	1.47	1.47	NUM
ajfa-4336	224	189	1	1	NUM
ajfa-4336	224	190	1.18	1.18	NUM
ajfa-4336	224	191	0	0	NUM
ajfa-4336	224	192	0.00	0.00	NUM
ajfa-4336	224	193	1	1	NUM
ajfa-4336	224	194	1.18	1.18	NUM
ajfa-4336	224	195	electronics	electronic	NOUN
ajfa-4336	224	196	5	5	NUM
ajfa-4336	224	197	7.35	7.35	NUM
ajfa-4336	224	198	7	7	NUM
ajfa-4336	224	199	10.29	10.29	NUM
ajfa-4336	224	200	12	12	NUM
ajfa-4336	224	201	17.65	17.65	NUM
ajfa-4336	224	202	13	13	NUM
ajfa-4336	224	203	15.29	15.29	NUM
ajfa-4336	224	204	14	14	NUM
ajfa-4336	224	205	16.47	16.47	NUM
ajfa-4336	224	206	27	27	NUM
ajfa-4336	224	207	31.76	31.76	NUM
ajfa-4336	224	208	constructing	construct	VERB
ajfa-4336	224	209	6	6	NUM
ajfa-4336	224	210	8.82	8.82	NUM
ajfa-4336	224	211	4	4	NUM
ajfa-4336	224	212	5.88	5.88	NUM
ajfa-4336	224	213	10	10	NUM
ajfa-4336	224	214	14.71	14.71	NUM
ajfa-4336	224	215	9	9	NUM
ajfa-4336	224	216	10.59	10.59	NUM
ajfa-4336	224	217	3	3	NUM
ajfa-4336	224	218	3.53	3.53	NUM
ajfa-4336	224	219	12	12	NUM
ajfa-4336	224	220	14.12	14.12	NUM
ajfa-4336	224	221	trading	trading	NOUN
ajfa-4336	224	222	1	1	NUM
ajfa-4336	224	223	1.47	1.47	NUM
ajfa-4336	224	224	0	0	NUM
ajfa-4336	224	225	0.00	0.00	NUM
ajfa-4336	224	226	1	1	NUM
ajfa-4336	224	227	1.47	1.47	NUM
ajfa-4336	224	228	1	1	NUM
ajfa-4336	224	229	1.18	1.18	NUM
ajfa-4336	224	230	1	1	NUM
ajfa-4336	224	231	1.18	1.18	NUM
ajfa-4336	224	232	2	2	NUM
ajfa-4336	224	233	2.35	2.35	NUM
ajfa-4336	224	234	tourism	tourism	NOUN
ajfa-4336	224	235	0	0	NUM
ajfa-4336	224	236	0.00	0.00	NUM
ajfa-4336	224	237	0	0	NUM
ajfa-4336	224	238	0.00	0.00	NUM
ajfa-4336	224	239	0	0	NUM
ajfa-4336	224	240	0.00	0.00	NUM
ajfa-4336	224	241	0	0	NUM
ajfa-4336	224	242	0.00	0.00	NUM
ajfa-4336	224	243	1	1	NUM
ajfa-4336	224	244	1.18	1.18	NUM
ajfa-4336	224	245	1	1	NUM
ajfa-4336	224	246	1.18	1.18	NUM
ajfa-4336	224	247	communication	communication	NOUN
ajfa-4336	224	248	0	0	NUM
ajfa-4336	224	249	0.00	0.00	NUM
ajfa-4336	224	250	1	1	NUM
ajfa-4336	224	251	1.47	1.47	NUM
ajfa-4336	224	252	1	1	NUM
ajfa-4336	224	253	1.47	1.47	NUM
ajfa-4336	224	254	0	0	NUM
ajfa-4336	224	255	0.00	0.00	NUM
ajfa-4336	224	256	0	0	NUM
ajfa-4336	224	257	0.00	0.00	NUM
ajfa-4336	224	258	0	0	NUM
ajfa-4336	224	259	0.00	0.00	NUM
ajfa-4336	224	260	software	software	NOUN
ajfa-4336	224	261	0	0	NUM
ajfa-4336	224	262	0.00	0.00	NUM
ajfa-4336	224	263	0	0	NUM
ajfa-4336	224	264	0.00	0.00	NUM
ajfa-4336	224	265	0	0	NUM
ajfa-4336	224	266	0.00	0.00	NUM
ajfa-4336	224	267	0	0	NUM
ajfa-4336	224	268	0.00	0.00	NUM
ajfa-4336	224	269	2	2	NUM
ajfa-4336	224	270	2.35	2.35	NUM
ajfa-4336	224	271	2	2	NUM
ajfa-4336	224	272	2.35	2.35	NUM
ajfa-4336	224	273	others	other	NOUN
ajfa-4336	224	274	2	2	NUM
ajfa-4336	224	275	2.94	2.94	NUM
ajfa-4336	224	276	1	1	NUM
ajfa-4336	224	277	1.47	1.47	NUM
ajfa-4336	224	278	3	3	NUM
ajfa-4336	224	279	4.41	4.41	NUM
ajfa-4336	224	280	5	5	NUM
ajfa-4336	224	281	5.88	5.88	NUM
ajfa-4336	224	282	3	3	NUM
ajfa-4336	224	283	3.53	3.53	NUM
ajfa-4336	224	284	8	8	NUM
ajfa-4336	224	285	9.41	9.41	NUM
ajfa-4336	224	286	managerial	managerial	NOUN
ajfa-4336	224	287	17	17	NUM
ajfa-4336	224	288	25.00	25.00	NUM
ajfa-4336	224	289	1	1	NUM
ajfa-4336	224	290	1.47	1.47	NUM
ajfa-4336	224	291	18	18	NUM
ajfa-4336	224	292	26.47	26.47	NUM
ajfa-4336	224	293	4	4	NUM
ajfa-4336	224	294	4.71	4.71	NUM
ajfa-4336	224	295	0	0	NUM
ajfa-4336	224	296	0.00	0.00	NUM
ajfa-4336	224	297	4	4	NUM
ajfa-4336	224	298	4.71	4.71	NUM
ajfa-4336	224	299	total	total	NOUN
ajfa-4336	224	300	53	53	NUM
ajfa-4336	224	301	77.94	77.94	NUM
ajfa-4336	224	302	15	15	NUM
ajfa-4336	224	303	22.06	22.06	NUM
ajfa-4336	224	304	68	68	NUM
ajfa-4336	224	305	100.00	100.00	NUM
ajfa-4336	224	306	58	58	NUM
ajfa-4336	224	307	68.24	68.24	NUM
ajfa-4336	224	308	27	27	NUM
ajfa-4336	224	309	31.76	31.76	NUM
ajfa-4336	224	310	85	85	NUM
ajfa-4336	224	311	100.00	100.00	NUM
ajfa-4336	224	312	previous	previous	ADJ
ajfa-4336	224	313	studies	study	NOUN
ajfa-4336	224	314	suggest	suggest	VERB
ajfa-4336	224	315	auditors	auditor	NOUN
ajfa-4336	224	316	to	to	PART
ajfa-4336	224	317	apply	apply	VERB
ajfa-4336	224	318	corporate	corporate	ADJ
ajfa-4336	224	319	bankruptcy	bankruptcy	NOUN
ajfa-4336	224	320	models	model	NOUN
ajfa-4336	224	321	as	as	ADP
ajfa-4336	224	322	a	a	DET
ajfa-4336	224	323	tool	tool	NOUN
ajfa-4336	224	324	to	to	PART
ajfa-4336	224	325	evaluate	evaluate	VERB
ajfa-4336	224	326	audit	audit	NOUN
ajfa-4336	224	327	opinions	opinion	NOUN
ajfa-4336	224	328	.	.	PUNCT
ajfa-4336	225	1	due	due	ADP
ajfa-4336	225	2	to	to	ADP
ajfa-4336	225	3	its	its	PRON
ajfa-4336	225	4	objective	objective	ADJ
ajfa-4336	225	5	measurement	measurement	NOUN
ajfa-4336	225	6	and	and	CCONJ
ajfa-4336	225	7	convenience	convenience	NOUN
ajfa-4336	225	8	in	in	ADP
ajfa-4336	225	9	obtaining	obtain	VERB
ajfa-4336	225	10	data	datum	NOUN
ajfa-4336	225	11	,	,	PUNCT
ajfa-4336	225	12	most	most	ADJ
ajfa-4336	225	13	asian	asian	ADJ
ajfa-4336	225	14	journal	journal	NOUN
ajfa-4336	225	15	of	of	ADP
ajfa-4336	225	16	finance	finance	PROPN
ajfa-4336	225	17	&	&	CCONJ
ajfa-4336	225	18	accounting	accounting	PROPN
ajfa-4336	225	19	issn	issn	PROPN
ajfa-4336	225	20	1946	1946	NUM
ajfa-4336	225	21	-	-	PUNCT
ajfa-4336	225	22	052x	052x	NOUN
ajfa-4336	225	23	2013	2013	NUM
ajfa-4336	225	24	,	,	PUNCT
ajfa-4336	225	25	vol	vol	NOUN
ajfa-4336	225	26	.	.	PROPN
ajfa-4336	225	27	5	5	NUM
ajfa-4336	225	28	,	,	PUNCT
ajfa-4336	225	29	no	no	INTJ
ajfa-4336	225	30	.	.	NOUN
ajfa-4336	225	31	2	2	NUM
ajfa-4336	225	32	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4336	225	33	152	152	NUM
ajfa-4336	225	34	statistical	statistical	ADJ
ajfa-4336	225	35	models	model	NOUN
ajfa-4336	225	36	employ	employ	VERB
ajfa-4336	225	37	financial	financial	ADJ
ajfa-4336	225	38	ratios	ratio	NOUN
ajfa-4336	225	39	as	as	ADP
ajfa-4336	225	40	main	main	ADJ
ajfa-4336	225	41	predictors	predictor	NOUN
ajfa-4336	225	42	.	.	PUNCT
ajfa-4336	226	1	cybinski	cybinski	NOUN
ajfa-4336	226	2	and	and	CCONJ
ajfa-4336	226	3	winnsor	winnsor	NOUN
ajfa-4336	226	4	(	(	PUNCT
ajfa-4336	226	5	2005	2005	NUM
ajfa-4336	226	6	)	)	PUNCT
ajfa-4336	226	7	also	also	ADV
ajfa-4336	226	8	advise	advise	VERB
ajfa-4336	226	9	auditors	auditor	NOUN
ajfa-4336	226	10	to	to	PART
ajfa-4336	226	11	select	select	VERB
ajfa-4336	226	12	appropriate	appropriate	ADJ
ajfa-4336	226	13	information	information	NOUN
ajfa-4336	226	14	to	to	PART
ajfa-4336	226	15	reflect	reflect	VERB
ajfa-4336	226	16	client	client	NOUN
ajfa-4336	226	17	operating	operating	NOUN
ajfa-4336	226	18	conditions	condition	NOUN
ajfa-4336	226	19	such	such	ADJ
ajfa-4336	226	20	as	as	ADP
ajfa-4336	226	21	the	the	DET
ajfa-4336	226	22	financial	financial	ADJ
ajfa-4336	226	23	ratios	ratio	NOUN
ajfa-4336	226	24	.	.	PUNCT
ajfa-4336	227	1	following	follow	VERB
ajfa-4336	227	2	previous	previous	ADJ
ajfa-4336	227	3	studies	study	NOUN
ajfa-4336	227	4	(	(	PUNCT
ajfa-4336	227	5	altman	altman	NOUN
ajfa-4336	227	6	,	,	PUNCT
ajfa-4336	227	7	1982	1982	NUM
ajfa-4336	227	8	,	,	PUNCT
ajfa-4336	227	9	1986	1986	NUM
ajfa-4336	227	10	;	;	PUNCT
ajfa-4336	227	11	chen	chen	PROPN
ajfa-4336	227	12	and	and	CCONJ
ajfa-4336	227	13	lee	lee	PROPN
ajfa-4336	227	14	,	,	PUNCT
ajfa-4336	227	15	1993	1993	NUM
ajfa-4336	227	16	;	;	PUNCT
ajfa-4336	227	17	ohlson	ohlson	NOUN
ajfa-4336	227	18	,	,	PUNCT
ajfa-4336	227	19	1980	1980	NUM
ajfa-4336	227	20	,	,	PUNCT
ajfa-4336	227	21	1993	1993	NUM
ajfa-4336	227	22	)	)	PUNCT
ajfa-4336	227	23	,	,	PUNCT
ajfa-4336	227	24	we	we	PRON
ajfa-4336	227	25	classified	classify	VERB
ajfa-4336	227	26	the	the	DET
ajfa-4336	227	27	factors	factor	NOUN
ajfa-4336	227	28	for	for	ADP
ajfa-4336	227	29	financial	financial	ADJ
ajfa-4336	227	30	distress	distress	NOUN
ajfa-4336	227	31	into	into	ADP
ajfa-4336	227	32	four	four	NUM
ajfa-4336	227	33	corporate	corporate	ADJ
ajfa-4336	227	34	structures	structure	NOUN
ajfa-4336	227	35	,	,	PUNCT
ajfa-4336	227	36	the	the	DET
ajfa-4336	227	37	general	general	ADJ
ajfa-4336	227	38	,	,	PUNCT
ajfa-4336	227	39	financial	financial	ADJ
ajfa-4336	227	40	,	,	PUNCT
ajfa-4336	227	41	operational	operational	ADJ
ajfa-4336	227	42	,	,	PUNCT
ajfa-4336	227	43	and	and	CCONJ
ajfa-4336	227	44	ownership	ownership	NOUN
ajfa-4336	227	45	structure	structure	NOUN
ajfa-4336	227	46	.	.	PUNCT
ajfa-4336	228	1	the	the	DET
ajfa-4336	228	2	following	following	NOUN
ajfa-4336	228	3	explains	explain	VERB
ajfa-4336	228	4	these	these	DET
ajfa-4336	228	5	four	four	NUM
ajfa-4336	228	6	corporate	corporate	ADJ
ajfa-4336	228	7	structures	structure	NOUN
ajfa-4336	228	8	in	in	ADP
ajfa-4336	228	9	detail	detail	NOUN
ajfa-4336	228	10	.	.	PUNCT
ajfa-4336	229	1	corporate	corporate	ADJ
ajfa-4336	229	2	general	general	ADJ
ajfa-4336	229	3	structure	structure	NOUN
ajfa-4336	229	4	including	include	VERB
ajfa-4336	229	5	firm	firm	ADJ
ajfa-4336	229	6	size	size	NOUN
ajfa-4336	229	7	(	(	PUNCT
ajfa-4336	229	8	size	size	NOUN
ajfa-4336	229	9	)	)	PUNCT
ajfa-4336	229	10	and	and	CCONJ
ajfa-4336	229	11	firm	firm	ADJ
ajfa-4336	229	12	age	age	NOUN
ajfa-4336	229	13	(	(	PUNCT
ajfa-4336	229	14	age	age	NOUN
ajfa-4336	229	15	)	)	PUNCT
ajfa-4336	229	16	.	.	PUNCT
ajfa-4336	230	1	chen	chen	PROPN
ajfa-4336	230	2	and	and	CCONJ
ajfa-4336	230	3	lee	lee	PROPN
ajfa-4336	230	4	(	(	PUNCT
ajfa-4336	230	5	1980	1980	NUM
ajfa-4336	230	6	)	)	PUNCT
ajfa-4336	230	7	and	and	CCONJ
ajfa-4336	230	8	ohlson	ohlson	NOUN
ajfa-4336	230	9	(	(	PUNCT
ajfa-4336	230	10	1993	1993	NUM
ajfa-4336	230	11	)	)	PUNCT
ajfa-4336	230	12	stated	state	VERB
ajfa-4336	230	13	that	that	SCONJ
ajfa-4336	230	14	the	the	PRON
ajfa-4336	230	15	larger	large	ADJ
ajfa-4336	230	16	the	the	DET
ajfa-4336	230	17	firm	firm	ADJ
ajfa-4336	230	18	size	size	NOUN
ajfa-4336	230	19	is	be	AUX
ajfa-4336	230	20	,	,	PUNCT
ajfa-4336	230	21	the	the	DET
ajfa-4336	230	22	less	less	ADV
ajfa-4336	230	23	likely	likely	ADJ
ajfa-4336	230	24	for	for	SCONJ
ajfa-4336	230	25	financial	financial	ADJ
ajfa-4336	230	26	crisis	crisis	NOUN
ajfa-4336	230	27	to	to	PART
ajfa-4336	230	28	occur	occur	VERB
ajfa-4336	230	29	.	.	PUNCT
ajfa-4336	231	1	chen	chen	PROPN
ajfa-4336	231	2	and	and	CCONJ
ajfa-4336	231	3	lee	lee	PROPN
ajfa-4336	231	4	(	(	PUNCT
ajfa-4336	231	5	1993	1993	NUM
ajfa-4336	231	6	)	)	PUNCT
ajfa-4336	231	7	showed	show	VERB
ajfa-4336	231	8	that	that	SCONJ
ajfa-4336	231	9	the	the	PRON
ajfa-4336	231	10	higher	high	ADJ
ajfa-4336	231	11	the	the	DET
ajfa-4336	231	12	firm	firm	ADJ
ajfa-4336	231	13	age	age	NOUN
ajfa-4336	231	14	,	,	PUNCT
ajfa-4336	231	15	the	the	DET
ajfa-4336	231	16	less	less	ADV
ajfa-4336	231	17	likely	likely	ADJ
ajfa-4336	231	18	for	for	ADP
ajfa-4336	231	19	delisting	delist	VERB
ajfa-4336	231	20	to	to	PART
ajfa-4336	231	21	occur	occur	VERB
ajfa-4336	231	22	.	.	PUNCT
ajfa-4336	232	1	corporate	corporate	ADJ
ajfa-4336	232	2	financial	financial	ADJ
ajfa-4336	232	3	structure	structure	NOUN
ajfa-4336	232	4	could	could	AUX
ajfa-4336	232	5	be	be	AUX
ajfa-4336	232	6	evaluated	evaluate	VERB
ajfa-4336	232	7	by	by	ADP
ajfa-4336	232	8	corporate	corporate	ADJ
ajfa-4336	232	9	shortand	shortand	NOUN
ajfa-4336	232	10	long	long	ADJ
ajfa-4336	232	11	-	-	PUNCT
ajfa-4336	232	12	term	term	NOUN
ajfa-4336	232	13	solvency	solvency	NOUN
ajfa-4336	232	14	,	,	PUNCT
ajfa-4336	232	15	and	and	CCONJ
ajfa-4336	232	16	the	the	PRON
ajfa-4336	232	17	worse	bad	ADJ
ajfa-4336	232	18	the	the	DET
ajfa-4336	232	19	ability	ability	NOUN
ajfa-4336	232	20	,	,	PUNCT
ajfa-4336	232	21	the	the	DET
ajfa-4336	232	22	more	more	ADV
ajfa-4336	232	23	likely	likely	ADJ
ajfa-4336	232	24	financial	financial	ADJ
ajfa-4336	232	25	crisis	crisis	NOUN
ajfa-4336	232	26	could	could	AUX
ajfa-4336	232	27	occur	occur	VERB
ajfa-4336	232	28	.	.	PUNCT
ajfa-4336	233	1	this	this	DET
ajfa-4336	233	2	paper	paper	NOUN
ajfa-4336	233	3	employs	employ	VERB
ajfa-4336	233	4	four	four	NUM
ajfa-4336	233	5	financial	financial	ADJ
ajfa-4336	233	6	ratios	ratio	NOUN
ajfa-4336	233	7	to	to	PART
ajfa-4336	233	8	measure	measure	VERB
ajfa-4336	233	9	corporate	corporate	ADJ
ajfa-4336	233	10	solvency	solvency	NOUN
ajfa-4336	233	11	.	.	PUNCT
ajfa-4336	234	1	current	current	ADJ
ajfa-4336	234	2	ratio	ratio	NOUN
ajfa-4336	234	3	(	(	PUNCT
ajfa-4336	234	4	cacl	cacl	PROPN
ajfa-4336	234	5	)	)	PUNCT
ajfa-4336	234	6	is	be	AUX
ajfa-4336	234	7	current	current	ADJ
ajfa-4336	234	8	assets	asset	NOUN
ajfa-4336	234	9	divided	divide	VERB
ajfa-4336	234	10	by	by	ADP
ajfa-4336	234	11	current	current	ADJ
ajfa-4336	234	12	liabilities	liability	NOUN
ajfa-4336	234	13	is	be	AUX
ajfa-4336	234	14	current	current	ADJ
ajfa-4336	234	15	ratio	ratio	NOUN
ajfa-4336	234	16	.	.	PUNCT
ajfa-4336	235	1	this	this	DET
ajfa-4336	235	2	ratio	ratio	NOUN
ajfa-4336	235	3	measure	measure	NOUN
ajfa-4336	235	4	corporate	corporate	ADJ
ajfa-4336	235	5	liquidity	liquidity	NOUN
ajfa-4336	235	6	,	,	PUNCT
ajfa-4336	235	7	and	and	CCONJ
ajfa-4336	235	8	the	the	PRON
ajfa-4336	235	9	higher	high	ADJ
ajfa-4336	235	10	it	it	PRON
ajfa-4336	235	11	is	be	AUX
ajfa-4336	235	12	,	,	PUNCT
ajfa-4336	235	13	the	the	DET
ajfa-4336	235	14	better	well	ADJ
ajfa-4336	235	15	short	short	ADJ
ajfa-4336	235	16	-	-	PUNCT
ajfa-4336	235	17	term	term	NOUN
ajfa-4336	235	18	solvency	solvency	NOUN
ajfa-4336	235	19	is	be	AUX
ajfa-4336	235	20	.	.	PUNCT
ajfa-4336	236	1	ohlson	ohlson	NOUN
ajfa-4336	236	2	(	(	PUNCT
ajfa-4336	236	3	1980	1980	NUM
ajfa-4336	236	4	)	)	PUNCT
ajfa-4336	236	5	empirically	empirically	ADV
ajfa-4336	236	6	proves	prove	VERB
ajfa-4336	236	7	that	that	SCONJ
ajfa-4336	236	8	current	current	ADJ
ajfa-4336	236	9	ratio	ratio	NOUN
ajfa-4336	236	10	measures	measure	VERB
ajfa-4336	236	11	liquidity	liquidity	NOUN
ajfa-4336	236	12	which	which	PRON
ajfa-4336	236	13	is	be	AUX
ajfa-4336	236	14	a	a	DET
ajfa-4336	236	15	significant	significant	ADJ
ajfa-4336	236	16	indicator	indicator	NOUN
ajfa-4336	236	17	for	for	ADP
ajfa-4336	236	18	corporate	corporate	ADJ
ajfa-4336	236	19	bankruptcy	bankruptcy	NOUN
ajfa-4336	236	20	.	.	PUNCT
ajfa-4336	237	1	working	work	VERB
ajfa-4336	237	2	capital	capital	NOUN
ajfa-4336	237	3	to	to	AUX
ajfa-4336	237	4	total	total	ADJ
ajfa-4336	237	5	assets	asset	NOUN
ajfa-4336	237	6	ratio	ratio	NOUN
ajfa-4336	237	7	(	(	PUNCT
ajfa-4336	237	8	wcta	wcta	ADJ
ajfa-4336	237	9	)	)	PUNCT
ajfa-4336	237	10	is	be	AUX
ajfa-4336	237	11	the	the	DET
ajfa-4336	237	12	difference	difference	NOUN
ajfa-4336	237	13	between	between	ADP
ajfa-4336	237	14	total	total	ADJ
ajfa-4336	237	15	short	short	ADJ
ajfa-4336	237	16	-	-	PUNCT
ajfa-4336	237	17	term	term	NOUN
ajfa-4336	237	18	assets	asset	NOUN
ajfa-4336	237	19	and	and	CCONJ
ajfa-4336	237	20	liabilities	liability	NOUN
ajfa-4336	237	21	.	.	PUNCT
ajfa-4336	238	1	altman	altman	PROPN
ajfa-4336	238	2	(	(	PUNCT
ajfa-4336	238	3	1968	1968	NUM
ajfa-4336	238	4	)	)	PUNCT
ajfa-4336	238	5	states	state	VERB
ajfa-4336	238	6	that	that	SCONJ
ajfa-4336	238	7	reducing	reduce	VERB
ajfa-4336	238	8	of	of	ADP
ajfa-4336	238	9	the	the	DET
ajfa-4336	238	10	firm	firm	NOUN
ajfa-4336	238	11	’s	’s	PART
ajfa-4336	238	12	net	net	ADJ
ajfa-4336	238	13	current	current	ADJ
ajfa-4336	238	14	assets	asset	NOUN
ajfa-4336	238	15	and	and	CCONJ
ajfa-4336	238	16	liquidity	liquidity	NOUN
ajfa-4336	238	17	will	will	AUX
ajfa-4336	238	18	dampen	dampen	VERB
ajfa-4336	238	19	its	its	PRON
ajfa-4336	238	20	short	short	ADJ
ajfa-4336	238	21	-	-	PUNCT
ajfa-4336	238	22	term	term	NOUN
ajfa-4336	238	23	solvency	solvency	NOUN
ajfa-4336	238	24	and	and	CCONJ
ajfa-4336	238	25	increase	increase	VERB
ajfa-4336	238	26	the	the	DET
ajfa-4336	238	27	likelihood	likelihood	NOUN
ajfa-4336	238	28	of	of	ADP
ajfa-4336	238	29	delisting	delist	VERB
ajfa-4336	238	30	.	.	PUNCT
ajfa-4336	239	1	cash	cash	NOUN
ajfa-4336	239	2	flows	flow	NOUN
ajfa-4336	239	3	from	from	ADP
ajfa-4336	239	4	operation	operation	NOUN
ajfa-4336	239	5	to	to	ADP
ajfa-4336	239	6	total	total	ADJ
ajfa-4336	239	7	liabilities	liability	NOUN
ajfa-4336	239	8	(	(	PUNCT
ajfa-4336	239	9	futl	futl	NOUN
ajfa-4336	239	10	)	)	PUNCT
ajfa-4336	239	11	is	be	AUX
ajfa-4336	239	12	cash	cash	NOUN
ajfa-4336	239	13	flows	flow	NOUN
ajfa-4336	239	14	from	from	ADP
ajfa-4336	239	15	operation	operation	NOUN
ajfa-4336	239	16	divided	divide	VERB
ajfa-4336	239	17	by	by	ADP
ajfa-4336	239	18	total	total	ADJ
ajfa-4336	239	19	liabilities	liability	NOUN
ajfa-4336	239	20	.	.	PUNCT
ajfa-4336	240	1	beaver	beaver	NOUN
ajfa-4336	240	2	(	(	PUNCT
ajfa-4336	240	3	1966	1966	NUM
ajfa-4336	240	4	)	)	PUNCT
ajfa-4336	240	5	believes	believe	VERB
ajfa-4336	240	6	that	that	SCONJ
ajfa-4336	240	7	this	this	DET
ajfa-4336	240	8	ratio	ratio	NOUN
ajfa-4336	240	9	reflects	reflect	VERB
ajfa-4336	240	10	the	the	DET
ajfa-4336	240	11	amount	amount	NOUN
ajfa-4336	240	12	of	of	ADP
ajfa-4336	240	13	total	total	ADJ
ajfa-4336	240	14	liabilities	liability	NOUN
ajfa-4336	240	15	its	its	PRON
ajfa-4336	240	16	cash	cash	NOUN
ajfa-4336	240	17	flows	flow	NOUN
ajfa-4336	240	18	could	could	AUX
ajfa-4336	240	19	bear	bear	VERB
ajfa-4336	240	20	.	.	PUNCT
ajfa-4336	241	1	total	total	ADJ
ajfa-4336	241	2	liabilities	liability	NOUN
ajfa-4336	241	3	to	to	PART
ajfa-4336	241	4	total	total	VERB
ajfa-4336	241	5	assets	asset	NOUN
ajfa-4336	241	6	(	(	PUNCT
ajfa-4336	241	7	tlta	tlta	NOUN
ajfa-4336	241	8	)	)	PUNCT
ajfa-4336	241	9	is	be	AUX
ajfa-4336	241	10	total	total	ADJ
ajfa-4336	241	11	liabilities	liability	NOUN
ajfa-4336	241	12	divided	divide	VERB
ajfa-4336	241	13	by	by	ADP
ajfa-4336	241	14	total	total	ADJ
ajfa-4336	241	15	assets	asset	NOUN
ajfa-4336	241	16	.	.	PUNCT
ajfa-4336	242	1	beaver	beaver	NOUN
ajfa-4336	242	2	(	(	PUNCT
ajfa-4336	242	3	1966	1966	NUM
ajfa-4336	242	4	)	)	PUNCT
ajfa-4336	242	5	and	and	CCONJ
ajfa-4336	242	6	ohlson	ohlson	NOUN
ajfa-4336	242	7	(	(	PUNCT
ajfa-4336	242	8	1980	1980	NUM
ajfa-4336	242	9	)	)	PUNCT
ajfa-4336	242	10	reveal	reveal	VERB
ajfa-4336	242	11	that	that	SCONJ
ajfa-4336	242	12	this	this	DET
ajfa-4336	242	13	debt	debt	NOUN
ajfa-4336	242	14	ratio	ratio	NOUN
ajfa-4336	242	15	has	have	VERB
ajfa-4336	242	16	a	a	DET
ajfa-4336	242	17	significant	significant	ADJ
ajfa-4336	242	18	prediction	prediction	NOUN
ajfa-4336	242	19	power	power	NOUN
ajfa-4336	242	20	for	for	ADP
ajfa-4336	242	21	business	business	NOUN
ajfa-4336	242	22	financial	financial	ADJ
ajfa-4336	242	23	crisis	crisis	NOUN
ajfa-4336	242	24	.	.	PUNCT
ajfa-4336	243	1	financial	financial	ADJ
ajfa-4336	243	2	crisis	crisis	NOUN
ajfa-4336	243	3	generally	generally	ADV
ajfa-4336	243	4	occurs	occur	VERB
ajfa-4336	243	5	due	due	ADJ
ajfa-4336	243	6	to	to	ADP
ajfa-4336	243	7	a	a	DET
ajfa-4336	243	8	declining	decline	VERB
ajfa-4336	243	9	profitability	profitability	NOUN
ajfa-4336	243	10	from	from	ADP
ajfa-4336	243	11	ineffective	ineffective	ADJ
ajfa-4336	243	12	use	use	NOUN
ajfa-4336	243	13	of	of	ADP
ajfa-4336	243	14	corporate	corporate	ADJ
ajfa-4336	243	15	capital	capital	NOUN
ajfa-4336	243	16	.	.	PUNCT
ajfa-4336	244	1	this	this	DET
ajfa-4336	244	2	paper	paper	NOUN
ajfa-4336	244	3	studies	study	VERB
ajfa-4336	244	4	the	the	DET
ajfa-4336	244	5	effectiveness	effectiveness	NOUN
ajfa-4336	244	6	in	in	ADP
ajfa-4336	244	7	applying	apply	VERB
ajfa-4336	244	8	corporate	corporate	ADJ
ajfa-4336	244	9	capital	capital	NOUN
ajfa-4336	244	10	and	and	CCONJ
ajfa-4336	244	11	believes	believe	VERB
ajfa-4336	244	12	that	that	SCONJ
ajfa-4336	244	13	the	the	DET
ajfa-4336	244	14	survival	survival	NOUN
ajfa-4336	244	15	period	period	NOUN
ajfa-4336	244	16	for	for	ADP
ajfa-4336	244	17	a	a	DET
ajfa-4336	244	18	financial	financial	ADJ
ajfa-4336	244	19	crisis	crisis	NOUN
ajfa-4336	244	20	is	be	AUX
ajfa-4336	244	21	related	relate	VERB
ajfa-4336	244	22	to	to	ADP
ajfa-4336	244	23	its	its	PRON
ajfa-4336	244	24	operational	operational	ADJ
ajfa-4336	244	25	structure	structure	NOUN
ajfa-4336	244	26	.	.	PUNCT
ajfa-4336	245	1	corporate	corporate	ADJ
ajfa-4336	245	2	operational	operational	ADJ
ajfa-4336	245	3	structure	structure	NOUN
ajfa-4336	245	4	explains	explain	VERB
ajfa-4336	245	5	the	the	DET
ajfa-4336	245	6	effectiveness	effectiveness	NOUN
ajfa-4336	245	7	in	in	ADP
ajfa-4336	245	8	the	the	DET
ajfa-4336	245	9	use	use	NOUN
ajfa-4336	245	10	of	of	ADP
ajfa-4336	245	11	capital	capital	NOUN
ajfa-4336	245	12	.	.	PUNCT
ajfa-4336	246	1	returns	return	NOUN
ajfa-4336	246	2	on	on	ADP
ajfa-4336	246	3	total	total	ADJ
ajfa-4336	246	4	assets	asset	NOUN
ajfa-4336	246	5	(	(	PUNCT
ajfa-4336	246	6	nita	nita	PROPN
ajfa-4336	246	7	)	)	PUNCT
ajfa-4336	246	8	measure	measure	VERB
ajfa-4336	246	9	corporate	corporate	ADJ
ajfa-4336	246	10	profitability	profitability	NOUN
ajfa-4336	246	11	meaning	mean	VERB
ajfa-4336	246	12	the	the	DET
ajfa-4336	246	13	return	return	NOUN
ajfa-4336	246	14	that	that	PRON
ajfa-4336	246	15	each	each	DET
ajfa-4336	246	16	dollar	dollar	NOUN
ajfa-4336	246	17	asset	asset	NOUN
ajfa-4336	246	18	creates	create	VERB
ajfa-4336	246	19	.	.	PUNCT
ajfa-4336	247	1	studies	study	NOUN
ajfa-4336	247	2	reveal	reveal	VERB
ajfa-4336	247	3	that	that	SCONJ
ajfa-4336	247	4	this	this	DET
ajfa-4336	247	5	rate	rate	NOUN
ajfa-4336	247	6	is	be	AUX
ajfa-4336	247	7	significantly	significantly	ADV
ajfa-4336	247	8	associated	associate	VERB
ajfa-4336	247	9	with	with	ADP
ajfa-4336	247	10	corporate	corporate	ADJ
ajfa-4336	247	11	financial	financial	ADJ
ajfa-4336	247	12	crisis	crisis	NOUN
ajfa-4336	247	13	and	and	CCONJ
ajfa-4336	247	14	the	the	PRON
ajfa-4336	247	15	higher	high	ADJ
ajfa-4336	247	16	the	the	DET
ajfa-4336	247	17	rate	rate	NOUN
ajfa-4336	247	18	,	,	PUNCT
ajfa-4336	247	19	the	the	PRON
ajfa-4336	247	20	better	well	ADJ
ajfa-4336	247	21	the	the	DET
ajfa-4336	247	22	profitability	profitability	NOUN
ajfa-4336	247	23	(	(	PUNCT
ajfa-4336	247	24	altman	altman	NOUN
ajfa-4336	247	25	,	,	PUNCT
ajfa-4336	247	26	1968	1968	NUM
ajfa-4336	247	27	;	;	PUNCT
ajfa-4336	247	28	beaver	beaver	PROPN
ajfa-4336	247	29	,	,	PUNCT
ajfa-4336	247	30	1996	1996	NUM
ajfa-4336	247	31	;	;	PUNCT
ajfa-4336	247	32	ohlson	ohlson	NOUN
ajfa-4336	247	33	,	,	PUNCT
ajfa-4336	247	34	1980	1980	NUM
ajfa-4336	247	35	)	)	PUNCT
ajfa-4336	247	36	.	.	PUNCT
ajfa-4336	248	1	altman	altman	PROPN
ajfa-4336	248	2	(	(	PUNCT
ajfa-4336	248	3	1968	1968	NUM
ajfa-4336	248	4	)	)	PUNCT
ajfa-4336	248	5	uses	use	VERB
ajfa-4336	248	6	retained	retain	VERB
ajfa-4336	248	7	earnings	earning	NOUN
ajfa-4336	248	8	to	to	ADP
ajfa-4336	248	9	total	total	ADJ
ajfa-4336	248	10	assets	asset	NOUN
ajfa-4336	248	11	ratio	ratio	NOUN
ajfa-4336	248	12	(	(	PUNCT
ajfa-4336	248	13	reta	reta	PROPN
ajfa-4336	248	14	)	)	PUNCT
ajfa-4336	248	15	to	to	PART
ajfa-4336	248	16	measure	measure	VERB
ajfa-4336	248	17	the	the	DET
ajfa-4336	248	18	degree	degree	NOUN
ajfa-4336	248	19	of	of	ADP
ajfa-4336	248	20	earnings	earning	NOUN
ajfa-4336	248	21	accumulated	accumulate	VERB
ajfa-4336	248	22	when	when	SCONJ
ajfa-4336	248	23	time	time	NOUN
ajfa-4336	248	24	passes	pass	VERB
ajfa-4336	248	25	.	.	PUNCT
ajfa-4336	249	1	younger	young	ADJ
ajfa-4336	249	2	or	or	CCONJ
ajfa-4336	249	3	profitless	profitless	ADJ
ajfa-4336	249	4	firms	firm	NOUN
ajfa-4336	249	5	accumulate	accumulate	VERB
ajfa-4336	249	6	lower	low	ADJ
ajfa-4336	249	7	earnings	earning	NOUN
ajfa-4336	249	8	which	which	PRON
ajfa-4336	249	9	can	can	AUX
ajfa-4336	249	10	lower	lower	VERB
ajfa-4336	249	11	this	this	DET
ajfa-4336	249	12	ratio	ratio	NOUN
ajfa-4336	249	13	and	and	CCONJ
ajfa-4336	249	14	raise	raise	VERB
ajfa-4336	249	15	the	the	DET
ajfa-4336	249	16	delisting	delisting	NOUN
ajfa-4336	249	17	probability	probability	NOUN
ajfa-4336	249	18	.	.	PUNCT
ajfa-4336	250	1	altman	altman	PROPN
ajfa-4336	250	2	(	(	PUNCT
ajfa-4336	250	3	1968	1968	NUM
ajfa-4336	250	4	)	)	PUNCT
ajfa-4336	250	5	employs	employ	VERB
ajfa-4336	250	6	market	market	NOUN
ajfa-4336	250	7	value	value	NOUN
ajfa-4336	250	8	of	of	ADP
ajfa-4336	250	9	equity	equity	NOUN
ajfa-4336	250	10	to	to	ADP
ajfa-4336	250	11	total	total	ADJ
ajfa-4336	250	12	liabilities	liability	NOUN
ajfa-4336	250	13	(	(	PUNCT
ajfa-4336	250	14	mvetl	mvetl	NOUN
ajfa-4336	250	15	)	)	PUNCT
ajfa-4336	250	16	to	to	PART
ajfa-4336	250	17	evaluate	evaluate	VERB
ajfa-4336	250	18	how	how	SCONJ
ajfa-4336	250	19	the	the	DET
ajfa-4336	250	20	value	value	NOUN
ajfa-4336	250	21	of	of	ADP
ajfa-4336	250	22	corporate	corporate	ADJ
ajfa-4336	250	23	assets	asset	NOUN
ajfa-4336	250	24	declines	decline	NOUN
ajfa-4336	250	25	when	when	SCONJ
ajfa-4336	250	26	total	total	ADJ
ajfa-4336	250	27	debts	debt	NOUN
ajfa-4336	250	28	exceed	exceed	VERB
ajfa-4336	250	29	assets	asset	NOUN
ajfa-4336	250	30	.	.	PUNCT
ajfa-4336	251	1	if	if	SCONJ
ajfa-4336	251	2	this	this	DET
ajfa-4336	251	3	ratio	ratio	NOUN
ajfa-4336	251	4	is	be	AUX
ajfa-4336	251	5	low	low	ADJ
ajfa-4336	251	6	,	,	PUNCT
ajfa-4336	251	7	a	a	DET
ajfa-4336	251	8	serious	serious	ADJ
ajfa-4336	251	9	asset	asset	NOUN
ajfa-4336	251	10	value	value	NOUN
ajfa-4336	251	11	declining	decline	VERB
ajfa-4336	251	12	problem	problem	NOUN
ajfa-4336	251	13	and	and	CCONJ
ajfa-4336	251	14	a	a	DET
ajfa-4336	251	15	solvency	solvency	NOUN
ajfa-4336	251	16	crisis	crisis	NOUN
ajfa-4336	251	17	may	may	AUX
ajfa-4336	251	18	exist	exist	VERB
ajfa-4336	251	19	,	,	PUNCT
ajfa-4336	251	20	which	which	PRON
ajfa-4336	251	21	may	may	AUX
ajfa-4336	251	22	thus	thus	ADV
ajfa-4336	251	23	increase	increase	VERB
ajfa-4336	251	24	the	the	DET
ajfa-4336	251	25	delisting	delisting	NOUN
ajfa-4336	251	26	probability	probability	NOUN
ajfa-4336	251	27	.	.	PUNCT
ajfa-4336	252	1	corporate	corporate	ADJ
ajfa-4336	252	2	governance	governance	NOUN
ajfa-4336	252	3	studies	study	NOUN
ajfa-4336	252	4	investigate	investigate	VERB
ajfa-4336	252	5	internal	internal	ADJ
ajfa-4336	252	6	control	control	NOUN
ajfa-4336	252	7	mechanism	mechanism	NOUN
ajfa-4336	252	8	.	.	PUNCT
ajfa-4336	253	1	it	it	PRON
ajfa-4336	253	2	is	be	AUX
ajfa-4336	253	3	generally	generally	ADV
ajfa-4336	253	4	believed	believe	VERB
ajfa-4336	253	5	firms	firm	NOUN
ajfa-4336	253	6	can	can	AUX
ajfa-4336	253	7	effectively	effectively	ADV
ajfa-4336	253	8	supervise	supervise	VERB
ajfa-4336	253	9	and	and	CCONJ
ajfa-4336	253	10	restraint	restraint	NOUN
ajfa-4336	253	11	managers	manager	NOUN
ajfa-4336	253	12	’	’	PART
ajfa-4336	253	13	behaviors	behavior	NOUN
ajfa-4336	253	14	and	and	CCONJ
ajfa-4336	253	15	lower	lower	VERB
ajfa-4336	253	16	their	their	PRON
ajfa-4336	253	17	privileged	privileged	ADJ
ajfa-4336	253	18	consumption	consumption	NOUN
ajfa-4336	253	19	at	at	ADP
ajfa-4336	253	20	corporate	corporate	ADJ
ajfa-4336	253	21	costs	cost	NOUN
ajfa-4336	253	22	,	,	PUNCT
ajfa-4336	253	23	resulting	result	VERB
ajfa-4336	253	24	increases	increase	NOUN
ajfa-4336	253	25	in	in	ADP
ajfa-4336	253	26	firm	firm	ADJ
ajfa-4336	253	27	value	value	NOUN
ajfa-4336	253	28	(	(	PUNCT
ajfa-4336	253	29	fama	fama	NOUN
ajfa-4336	253	30	and	and	CCONJ
ajfa-4336	253	31	jensen	jensen	PROPN
ajfa-4336	253	32	,	,	PUNCT
ajfa-4336	253	33	1983	1983	NUM
ajfa-4336	253	34	;	;	PUNCT
ajfa-4336	253	35	asian	asian	ADJ
ajfa-4336	253	36	journal	journal	NOUN
ajfa-4336	253	37	of	of	ADP
ajfa-4336	253	38	finance	finance	PROPN
ajfa-4336	253	39	&	&	CCONJ
ajfa-4336	253	40	accounting	accounting	PROPN
ajfa-4336	253	41	issn	issn	PROPN
ajfa-4336	253	42	1946	1946	NUM
ajfa-4336	253	43	-	-	PUNCT
ajfa-4336	253	44	052x	052x	NOUN
ajfa-4336	253	45	2013	2013	NUM
ajfa-4336	253	46	,	,	PUNCT
ajfa-4336	253	47	vol	vol	NOUN
ajfa-4336	253	48	.	.	PROPN
ajfa-4336	253	49	5	5	NUM
ajfa-4336	253	50	,	,	PUNCT
ajfa-4336	253	51	no	no	INTJ
ajfa-4336	253	52	.	.	NOUN
ajfa-4336	253	53	2	2	NUM
ajfa-4336	253	54	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4336	253	55	153	153	NUM
ajfa-4336	253	56	jensen	jensen	PROPN
ajfa-4336	253	57	and	and	CCONJ
ajfa-4336	253	58	meckling	meckling	NOUN
ajfa-4336	253	59	,	,	PUNCT
ajfa-4336	253	60	1976	1976	NUM
ajfa-4336	253	61	)	)	PUNCT
ajfa-4336	253	62	.	.	PUNCT
ajfa-4336	254	1	this	this	DET
ajfa-4336	254	2	line	line	NOUN
ajfa-4336	254	3	of	of	ADP
ajfa-4336	254	4	literature	literature	NOUN
ajfa-4336	254	5	focuses	focus	VERB
ajfa-4336	254	6	on	on	ADP
ajfa-4336	254	7	the	the	DET
ajfa-4336	254	8	impacts	impact	NOUN
ajfa-4336	254	9	of	of	ADP
ajfa-4336	254	10	board	board	NOUN
ajfa-4336	254	11	characteristics	characteristic	NOUN
ajfa-4336	254	12	and	and	CCONJ
ajfa-4336	254	13	ownership	ownership	NOUN
ajfa-4336	254	14	structure	structure	NOUN
ajfa-4336	254	15	on	on	ADP
ajfa-4336	254	16	firm	firm	ADJ
ajfa-4336	254	17	values	value	NOUN
ajfa-4336	254	18	.	.	PUNCT
ajfa-4336	255	1	we	we	PRON
ajfa-4336	255	2	use	use	VERB
ajfa-4336	255	3	the	the	DET
ajfa-4336	255	4	pledged	pledge	VERB
ajfa-4336	255	5	share	share	NOUN
ajfa-4336	255	6	ratio	ratio	NOUN
ajfa-4336	255	7	of	of	ADP
ajfa-4336	255	8	directors	director	NOUN
ajfa-4336	255	9	’	'	PUNCT
ajfa-4336	255	10	and	and	CCONJ
ajfa-4336	255	11	supervisors	supervisor	NOUN
ajfa-4336	255	12	’	'	PUNCT
ajfa-4336	255	13	and	and	CCONJ
ajfa-4336	255	14	insider	insider	NOUN
ajfa-4336	255	15	shareholding	shareholding	NOUN
ajfa-4336	255	16	ratio	ratio	NOUN
ajfa-4336	255	17	to	to	ADP
ajfa-4336	255	18	proxy	proxy	ADJ
ajfa-4336	255	19	corporate	corporate	ADJ
ajfa-4336	255	20	ownership	ownership	NOUN
ajfa-4336	255	21	structure	structure	NOUN
ajfa-4336	255	22	in	in	ADP
ajfa-4336	255	23	our	our	PRON
ajfa-4336	255	24	paper	paper	NOUN
ajfa-4336	255	25	.	.	PUNCT
ajfa-4336	256	1	pledged	pledge	VERB
ajfa-4336	256	2	share	share	NOUN
ajfa-4336	256	3	ratio	ratio	NOUN
ajfa-4336	256	4	of	of	ADP
ajfa-4336	256	5	directors	director	NOUN
ajfa-4336	256	6	’	'	PUNCT
ajfa-4336	256	7	and	and	CCONJ
ajfa-4336	256	8	supervisors	supervisor	NOUN
ajfa-4336	256	9	’	'	PUNCT
ajfa-4336	256	10	(	(	PUNCT
ajfa-4336	256	11	ratio	ratio	NOUN
ajfa-4336	256	12	)	)	PUNCT
ajfa-4336	256	13	is	be	AUX
ajfa-4336	256	14	measured	measure	VERB
ajfa-4336	256	15	by	by	ADP
ajfa-4336	256	16	the	the	DET
ajfa-4336	256	17	total	total	NOUN
ajfa-4336	256	18	pledged	pledge	VERB
ajfa-4336	256	19	shares	share	NOUN
ajfa-4336	256	20	of	of	ADP
ajfa-4336	256	21	directors	director	NOUN
ajfa-4336	256	22	’	'	PUNCT
ajfa-4336	256	23	and	and	CCONJ
ajfa-4336	256	24	supervisors	supervisor	NOUN
ajfa-4336	256	25	’	'	PUNCT
ajfa-4336	256	26	to	to	ADP
ajfa-4336	256	27	their	their	PRON
ajfa-4336	256	28	total	total	ADJ
ajfa-4336	256	29	shareholdings	shareholding	NOUN
ajfa-4336	256	30	.	.	PUNCT
ajfa-4336	257	1	when	when	SCONJ
ajfa-4336	257	2	directors	director	NOUN
ajfa-4336	257	3	and	and	CCONJ
ajfa-4336	257	4	supervisors	supervisor	NOUN
ajfa-4336	257	5	pledge	pledge	VERB
ajfa-4336	257	6	their	their	PRON
ajfa-4336	257	7	shares	share	NOUN
ajfa-4336	257	8	,	,	PUNCT
ajfa-4336	257	9	it	it	PRON
ajfa-4336	257	10	seems	seem	VERB
ajfa-4336	257	11	that	that	SCONJ
ajfa-4336	257	12	they	they	PRON
ajfa-4336	257	13	withdraw	withdraw	VERB
ajfa-4336	257	14	their	their	PRON
ajfa-4336	257	15	investments	investment	NOUN
ajfa-4336	257	16	but	but	CCONJ
ajfa-4336	257	17	remain	remain	VERB
ajfa-4336	257	18	ownership	ownership	NOUN
ajfa-4336	257	19	control	control	NOUN
ajfa-4336	257	20	.	.	PUNCT
ajfa-4336	258	1	if	if	SCONJ
ajfa-4336	258	2	the	the	DET
ajfa-4336	258	3	ratio	ratio	NOUN
ajfa-4336	258	4	is	be	AUX
ajfa-4336	258	5	high	high	ADJ
ajfa-4336	258	6	,	,	PUNCT
ajfa-4336	258	7	distortion	distortion	NOUN
ajfa-4336	258	8	in	in	ADP
ajfa-4336	258	9	ownership	ownership	NOUN
ajfa-4336	258	10	structure	structure	NOUN
ajfa-4336	258	11	become	become	VERB
ajfa-4336	258	12	serious	serious	ADJ
ajfa-4336	258	13	which	which	PRON
ajfa-4336	258	14	may	may	AUX
ajfa-4336	258	15	raise	raise	VERB
ajfa-4336	258	16	its	its	PRON
ajfa-4336	258	17	delisting	delisting	NOUN
ajfa-4336	258	18	probability	probability	NOUN
ajfa-4336	258	19	.	.	PUNCT
ajfa-4336	259	1	insider	insider	NOUN
ajfa-4336	259	2	shareholding	shareholding	NOUN
ajfa-4336	259	3	ratio	ratio	NOUN
ajfa-4336	259	4	(	(	PUNCT
ajfa-4336	259	5	own	own	ADJ
ajfa-4336	259	6	)	)	PUNCT
ajfa-4336	259	7	is	be	AUX
ajfa-4336	259	8	measured	measure	VERB
ajfa-4336	259	9	by	by	ADP
ajfa-4336	259	10	the	the	DET
ajfa-4336	259	11	total	total	ADJ
ajfa-4336	259	12	shareholdings	shareholding	NOUN
ajfa-4336	259	13	of	of	ADP
ajfa-4336	259	14	insiders	insider	NOUN
ajfa-4336	259	15	(	(	PUNCT
ajfa-4336	259	16	managers	manager	NOUN
ajfa-4336	259	17	and	and	CCONJ
ajfa-4336	259	18	directors	director	NOUN
ajfa-4336	259	19	)	)	PUNCT
ajfa-4336	259	20	to	to	ADP
ajfa-4336	259	21	the	the	DET
ajfa-4336	259	22	total	total	ADJ
ajfa-4336	259	23	outstanding	outstanding	ADJ
ajfa-4336	259	24	shares	share	NOUN
ajfa-4336	259	25	.	.	PUNCT
ajfa-4336	260	1	beneish	beneish	PROPN
ajfa-4336	260	2	(	(	PUNCT
ajfa-4336	260	3	1997	1997	NUM
ajfa-4336	260	4	)	)	PUNCT
ajfa-4336	260	5	indicate	indicate	VERB
ajfa-4336	260	6	that	that	SCONJ
ajfa-4336	260	7	in	in	ADP
ajfa-4336	260	8	larger	large	ADJ
ajfa-4336	260	9	companies	company	NOUN
ajfa-4336	260	10	,	,	PUNCT
ajfa-4336	260	11	managers	manager	NOUN
ajfa-4336	260	12	have	have	VERB
ajfa-4336	260	13	lower	low	ADJ
ajfa-4336	260	14	shareholding	shareholding	NOUN
ajfa-4336	260	15	ratios	ratio	NOUN
ajfa-4336	260	16	and	and	CCONJ
ajfa-4336	260	17	thus	thus	ADV
ajfa-4336	260	18	less	less	ADJ
ajfa-4336	260	19	incentive	incentive	NOUN
ajfa-4336	260	20	to	to	PART
ajfa-4336	260	21	maximize	maximize	VERB
ajfa-4336	260	22	firm	firm	ADJ
ajfa-4336	260	23	values	value	NOUN
ajfa-4336	260	24	.	.	PUNCT
ajfa-4336	261	1	laporta	laporta	PROPN
ajfa-4336	261	2	et	et	PROPN
ajfa-4336	261	3	al	al	PROPN
ajfa-4336	261	4	.	.	PROPN
ajfa-4336	262	1	(	(	PUNCT
ajfa-4336	262	2	1999	1999	NUM
ajfa-4336	262	3	)	)	PUNCT
ajfa-4336	262	4	discover	discover	VERB
ajfa-4336	262	5	that	that	SCONJ
ajfa-4336	262	6	when	when	SCONJ
ajfa-4336	262	7	ownership	ownership	NOUN
ajfa-4336	262	8	is	be	AUX
ajfa-4336	262	9	rather	rather	ADV
ajfa-4336	262	10	concentrated	concentrated	ADJ
ajfa-4336	262	11	,	,	PUNCT
ajfa-4336	262	12	firm	firm	ADJ
ajfa-4336	262	13	value	value	NOUN
ajfa-4336	262	14	will	will	AUX
ajfa-4336	262	15	be	be	AUX
ajfa-4336	262	16	relatively	relatively	ADV
ajfa-4336	262	17	higher	high	ADJ
ajfa-4336	262	18	.	.	PUNCT
ajfa-4336	263	1	this	this	DET
ajfa-4336	263	2	paper	paper	NOUN
ajfa-4336	263	3	uses	use	VERB
ajfa-4336	263	4	shareholdings	shareholding	NOUN
ajfa-4336	263	5	of	of	ADP
ajfa-4336	263	6	managers	manager	NOUN
ajfa-4336	263	7	’	'	PUNCT
ajfa-4336	263	8	,	,	PUNCT
ajfa-4336	263	9	directors	director	NOUN
ajfa-4336	263	10	’	'	PUNCT
ajfa-4336	263	11	,	,	PUNCT
ajfa-4336	263	12	and	and	CCONJ
ajfa-4336	263	13	supervisors	supervisor	NOUN
ajfa-4336	263	14	’	'	PUNCT
ajfa-4336	263	15	to	to	PART
ajfa-4336	263	16	represent	represent	VERB
ajfa-4336	263	17	the	the	DET
ajfa-4336	263	18	insider	insider	NOUN
ajfa-4336	263	19	shareholding	shareholding	NOUN
ajfa-4336	263	20	ratio	ratio	NOUN
ajfa-4336	263	21	.	.	PUNCT
ajfa-4336	263	22	table	table	NOUN
ajfa-4336	263	23	5	5	NUM
ajfa-4336	263	24	.	.	PUNCT
ajfa-4336	263	25	predict	predict	VERB
ajfa-4336	263	26	signs	sign	NOUN
ajfa-4336	263	27	for	for	ADP
ajfa-4336	263	28	predictors	predictor	NOUN
ajfa-4336	263	29	of	of	ADP
ajfa-4336	263	30	delisting	delist	VERB
ajfa-4336	263	31	probability	probability	NOUN
ajfa-4336	263	32	explanatory	explanatory	ADJ
ajfa-4336	263	33	variables	variable	NOUN
ajfa-4336	263	34	*	*	VERB
ajfa-4336	263	35	predict	predict	VERB
ajfa-4336	263	36	sign	sign	NOUN
ajfa-4336	263	37	definition	definition	NOUN
ajfa-4336	263	38	firm	firm	NOUN
ajfa-4336	263	39	size(size	size(size	NOUN
ajfa-4336	263	40	)	)	PUNCT
ajfa-4336	263	41	log	log	NOUN
ajfa-4336	263	42	(	(	PUNCT
ajfa-4336	263	43	total	total	ADJ
ajfa-4336	263	44	assets	asset	NOUN
ajfa-4336	263	45	)	)	PUNCT
ajfa-4336	263	46	firm	firm	ADJ
ajfa-4336	263	47	age	age	NOUN
ajfa-4336	263	48	in	in	ADP
ajfa-4336	263	49	years	year	NOUN
ajfa-4336	263	50	(	(	PUNCT
ajfa-4336	263	51	age	age	NOUN
ajfa-4336	263	52	)	)	PUNCT
ajfa-4336	263	53	years	year	NOUN
ajfa-4336	263	54	after	after	ADP
ajfa-4336	263	55	establishment	establishment	NOUN
ajfa-4336	263	56	current	current	ADJ
ajfa-4336	263	57	ratio	ratio	NOUN
ajfa-4336	263	58	(	(	PUNCT
ajfa-4336	263	59	cacl	cacl	PROPN
ajfa-4336	263	60	)	)	PUNCT
ajfa-4336	263	61	current	current	ADJ
ajfa-4336	263	62	assets	asset	NOUN
ajfa-4336	263	63	/	/	SYM
ajfa-4336	263	64	current	current	ADJ
ajfa-4336	263	65	debts	debt	NOUN
ajfa-4336	263	66	working	work	VERB
ajfa-4336	263	67	capital	capital	NOUN
ajfa-4336	263	68	to	to	ADP
ajfa-4336	263	69	total	total	ADJ
ajfa-4336	263	70	assets	asset	NOUN
ajfa-4336	263	71	(	(	PUNCT
ajfa-4336	263	72	wcta	wcta	ADJ
ajfa-4336	263	73	)	)	PUNCT
ajfa-4336	263	74	(	(	PUNCT
ajfa-4336	263	75	current	current	ADJ
ajfa-4336	263	76	assets	asset	NOUN
ajfa-4336	263	77	–	–	PUNCT
ajfa-4336	263	78	current	current	ADJ
ajfa-4336	263	79	debts)/total	debts)/total	ADJ
ajfa-4336	263	80	assets	asset	NOUN
ajfa-4336	263	81	total	total	ADJ
ajfa-4336	263	82	liabilities	liability	NOUN
ajfa-4336	263	83	to	to	ADP
ajfa-4336	263	84	assets	asset	NOUN
ajfa-4336	263	85	(	(	PUNCT
ajfa-4336	263	86	tlta	tlta	NOUN
ajfa-4336	263	87	)	)	PUNCT
ajfa-4336	263	88	+	+	NUM
ajfa-4336	263	89	total	total	ADJ
ajfa-4336	263	90	debts	debt	NOUN
ajfa-4336	263	91	/	/	SYM
ajfa-4336	263	92	total	total	ADJ
ajfa-4336	263	93	assets	asset	NOUN
ajfa-4336	263	94	market	market	NOUN
ajfa-4336	263	95	value	value	NOUN
ajfa-4336	263	96	of	of	ADP
ajfa-4336	263	97	equity	equity	NOUN
ajfa-4336	263	98	to	to	ADP
ajfa-4336	263	99	total	total	ADJ
ajfa-4336	263	100	liabilities	liability	NOUN
ajfa-4336	263	101	(	(	PUNCT
ajfa-4336	263	102	mvetl	mvetl	NOUN
ajfa-4336	263	103	)	)	PUNCT
ajfa-4336	263	104	(	(	PUNCT
ajfa-4336	263	105	market	market	NOUN
ajfa-4336	263	106	values	value	NOUN
ajfa-4336	263	107	of	of	ADP
ajfa-4336	263	108	common	common	ADJ
ajfa-4336	263	109	and	and	CCONJ
ajfa-4336	263	110	preferred	preferred	ADJ
ajfa-4336	263	111	shares)/total	shares)/total	ADJ
ajfa-4336	263	112	debts	debt	NOUN
ajfa-4336	263	113	cash	cash	NOUN
ajfa-4336	263	114	flows	flow	NOUN
ajfa-4336	263	115	to	to	PART
ajfa-4336	263	116	total	total	ADJ
ajfa-4336	263	117	liabilities	liability	NOUN
ajfa-4336	263	118	(	(	PUNCT
ajfa-4336	263	119	futl	futl	NOUN
ajfa-4336	263	120	)	)	PUNCT
ajfa-4336	263	121	operating	operate	VERB
ajfa-4336	263	122	cash	cash	NOUN
ajfa-4336	263	123	flows	flow	NOUN
ajfa-4336	263	124	/	/	SYM
ajfa-4336	263	125	total	total	ADJ
ajfa-4336	263	126	debts	debt	NOUN
ajfa-4336	263	127	returns	return	NOUN
ajfa-4336	263	128	on	on	ADP
ajfa-4336	263	129	assets	asset	NOUN
ajfa-4336	263	130	(	(	PUNCT
ajfa-4336	263	131	nita	nita	PROPN
ajfa-4336	263	132	)	)	PUNCT
ajfa-4336	263	133	income	income	NOUN
ajfa-4336	263	134	before	before	ADP
ajfa-4336	263	135	extraordinary	extraordinary	ADJ
ajfa-4336	263	136	items	item	NOUN
ajfa-4336	263	137	/	/	SYM
ajfa-4336	263	138	average	average	ADJ
ajfa-4336	263	139	total	total	ADJ
ajfa-4336	263	140	assets	asset	NOUN
ajfa-4336	263	141	retained	retain	VERB
ajfa-4336	263	142	earnings	earning	NOUN
ajfa-4336	263	143	to	to	ADP
ajfa-4336	263	144	total	total	ADJ
ajfa-4336	263	145	assets	asset	NOUN
ajfa-4336	263	146	(	(	PUNCT
ajfa-4336	263	147	reta	reta	PROPN
ajfa-4336	263	148	)	)	PUNCT
ajfa-4336	263	149	retained	retain	VERB
ajfa-4336	263	150	earnings	earning	NOUN
ajfa-4336	263	151	/	/	SYM
ajfa-4336	263	152	total	total	ADJ
ajfa-4336	263	153	assets	asset	NOUN
ajfa-4336	263	154	pledged	pledge	VERB
ajfa-4336	263	155	shares	share	NOUN
ajfa-4336	263	156	%	%	NOUN
ajfa-4336	263	157	of	of	ADP
ajfa-4336	263	158	directors	director	NOUN
ajfa-4336	263	159	’	'	PUNCT
ajfa-4336	263	160	and	and	CCONJ
ajfa-4336	263	161	supervisors	supervisor	NOUN
ajfa-4336	263	162	’	'	PUNCT
ajfa-4336	263	163	(	(	PUNCT
ajfa-4336	263	164	ratio	ratio	NOUN
ajfa-4336	263	165	)	)	PUNCT
ajfa-4336	263	166	+	+	CCONJ
ajfa-4336	263	167	pledged	pledge	VERB
ajfa-4336	263	168	shares	share	NOUN
ajfa-4336	263	169	of	of	ADP
ajfa-4336	263	170	directors	director	NOUN
ajfa-4336	263	171	’	'	PUNCT
ajfa-4336	263	172	and	and	CCONJ
ajfa-4336	263	173	supervisors’/their	supervisors’/their	PRON
ajfa-4336	263	174	total	total	ADJ
ajfa-4336	263	175	shares	share	NOUN
ajfa-4336	263	176	insider	insider	NOUN
ajfa-4336	263	177	shareholding	shareholding	NOUN
ajfa-4336	263	178	ratio	ratio	NOUN
ajfa-4336	263	179	(	(	PUNCT
ajfa-4336	263	180	own	own	ADJ
ajfa-4336	263	181	)	)	PUNCT
ajfa-4336	263	182	shares	share	NOUN
ajfa-4336	263	183	of	of	ADP
ajfa-4336	263	184	managers	manager	NOUN
ajfa-4336	263	185	,	,	PUNCT
ajfa-4336	263	186	directors	director	NOUN
ajfa-4336	263	187	,	,	PUNCT
ajfa-4336	263	188	and	and	CCONJ
ajfa-4336	263	189	supervisors	supervisor	NOUN
ajfa-4336	263	190	/	/	SYM
ajfa-4336	263	191	total	total	ADJ
ajfa-4336	263	192	outstanding	outstanding	ADJ
ajfa-4336	263	193	shares	share	NOUN
ajfa-4336	263	194	*	*	VERB
ajfa-4336	263	195	above	above	ADP
ajfa-4336	263	196	predictors	predictor	NOUN
ajfa-4336	263	197	use	use	VERB
ajfa-4336	263	198	quarterly	quarterly	ADJ
ajfa-4336	263	199	data	datum	NOUN
ajfa-4336	263	200	in	in	ADP
ajfa-4336	263	201	the	the	DET
ajfa-4336	263	202	information	information	NOUN
ajfa-4336	263	203	of	of	ADP
ajfa-4336	263	204	financial	financial	ADJ
ajfa-4336	263	205	,	,	PUNCT
ajfa-4336	263	206	stock	stock	NOUN
ajfa-4336	263	207	prices	price	NOUN
ajfa-4336	263	208	,	,	PUNCT
ajfa-4336	263	209	pledged	pledge	VERB
ajfa-4336	263	210	share	share	NOUN
ajfa-4336	263	211	ratios	ratio	NOUN
ajfa-4336	263	212	of	of	ADP
ajfa-4336	263	213	directors	director	NOUN
ajfa-4336	263	214	’	'	PUNCT
ajfa-4336	263	215	and	and	CCONJ
ajfa-4336	263	216	supervisors	supervisor	NOUN
ajfa-4336	263	217	’	'	PUNCT
ajfa-4336	263	218	,	,	PUNCT
ajfa-4336	263	219	and	and	CCONJ
ajfa-4336	263	220	insider	insider	NOUN
ajfa-4336	263	221	share	share	NOUN
ajfa-4336	263	222	holding	hold	VERB
ajfa-4336	263	223	ratio	ratio	NOUN
ajfa-4336	263	224	.	.	PUNCT
ajfa-4336	264	1	asian	asian	ADJ
ajfa-4336	264	2	journal	journal	PROPN
ajfa-4336	264	3	of	of	ADP
ajfa-4336	264	4	finance	finance	PROPN
ajfa-4336	264	5	&	&	CCONJ
ajfa-4336	264	6	accounting	accounting	PROPN
ajfa-4336	264	7	issn	issn	PROPN
ajfa-4336	264	8	1946	1946	NUM
ajfa-4336	264	9	-	-	PUNCT
ajfa-4336	264	10	052x	052x	NOUN
ajfa-4336	264	11	2013	2013	NUM
ajfa-4336	264	12	,	,	PUNCT
ajfa-4336	264	13	vol	vol	NOUN
ajfa-4336	264	14	.	.	PROPN
ajfa-4336	264	15	5	5	NUM
ajfa-4336	264	16	,	,	PUNCT
ajfa-4336	264	17	no	no	INTJ
ajfa-4336	264	18	.	.	NOUN
ajfa-4336	264	19	2	2	NUM
ajfa-4336	264	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4336	264	21	154	154	NUM
ajfa-4336	264	22	based	base	VERB
ajfa-4336	264	23	on	on	ADP
ajfa-4336	264	24	the	the	DET
ajfa-4336	264	25	descriptive	descriptive	ADJ
ajfa-4336	264	26	statistics	statistic	NOUN
ajfa-4336	264	27	in	in	ADP
ajfa-4336	264	28	table	table	NOUN
ajfa-4336	264	29	6	6	NUM
ajfa-4336	264	30	,	,	PUNCT
ajfa-4336	264	31	we	we	PRON
ajfa-4336	264	32	find	find	VERB
ajfa-4336	264	33	that	that	SCONJ
ajfa-4336	264	34	the	the	DET
ajfa-4336	264	35	average	average	NOUN
ajfa-4336	264	36	of	of	ADP
ajfa-4336	264	37	the	the	DET
ajfa-4336	264	38	igco	igco	NOUN
ajfa-4336	264	39	observations	observation	NOUN
ajfa-4336	264	40	is	be	AUX
ajfa-4336	264	41	15	15	NUM
ajfa-4336	264	42	quarters	quarter	NOUN
ajfa-4336	264	43	.	.	PUNCT
ajfa-4336	265	1	because	because	SCONJ
ajfa-4336	265	2	certain	certain	ADJ
ajfa-4336	265	3	firms	firm	NOUN
ajfa-4336	265	4	have	have	VERB
ajfa-4336	265	5	censored	censor	VERB
ajfa-4336	265	6	data	datum	NOUN
ajfa-4336	265	7	,	,	PUNCT
ajfa-4336	265	8	the	the	DET
ajfa-4336	265	9	average	average	ADJ
ajfa-4336	265	10	survival	survival	NOUN
ajfa-4336	265	11	period	period	NOUN
ajfa-4336	265	12	is	be	AUX
ajfa-4336	265	13	thus	thus	ADV
ajfa-4336	265	14	without	without	ADP
ajfa-4336	265	15	actual	actual	ADJ
ajfa-4336	265	16	meanings	meaning	NOUN
ajfa-4336	265	17	.	.	PUNCT
ajfa-4336	266	1	the	the	DET
ajfa-4336	266	2	average	average	ADJ
ajfa-4336	266	3	age	age	NOUN
ajfa-4336	266	4	is	be	AUX
ajfa-4336	266	5	13	13	NUM
ajfa-4336	266	6	quarters	quarter	NOUN
ajfa-4336	266	7	,	,	PUNCT
ajfa-4336	266	8	but	but	CCONJ
ajfa-4336	266	9	the	the	DET
ajfa-4336	266	10	standard	standard	ADJ
ajfa-4336	266	11	deviation	deviation	NOUN
ajfa-4336	266	12	is	be	AUX
ajfa-4336	266	13	quite	quite	ADV
ajfa-4336	266	14	large	large	ADJ
ajfa-4336	266	15	at	at	ADP
ajfa-4336	266	16	9.7087	9.7087	NUM
ajfa-4336	266	17	,	,	PUNCT
ajfa-4336	266	18	meaning	mean	VERB
ajfa-4336	266	19	that	that	SCONJ
ajfa-4336	266	20	our	our	PRON
ajfa-4336	266	21	sample	sample	NOUN
ajfa-4336	266	22	firms	firm	NOUN
ajfa-4336	266	23	are	be	AUX
ajfa-4336	266	24	not	not	PART
ajfa-4336	266	25	concentrated	concentrate	VERB
ajfa-4336	266	26	at	at	ADP
ajfa-4336	266	27	a	a	DET
ajfa-4336	266	28	certain	certain	ADJ
ajfa-4336	266	29	year	year	NOUN
ajfa-4336	266	30	range	range	NOUN
ajfa-4336	266	31	,	,	PUNCT
ajfa-4336	266	32	which	which	PRON
ajfa-4336	266	33	is	be	AUX
ajfa-4336	266	34	measured	measure	VERB
ajfa-4336	266	35	from	from	ADP
ajfa-4336	266	36	the	the	DET
ajfa-4336	266	37	establishment	establishment	NOUN
ajfa-4336	266	38	to	to	ADP
ajfa-4336	266	39	the	the	DET
ajfa-4336	266	40	beginning	beginning	NOUN
ajfa-4336	266	41	of	of	ADP
ajfa-4336	266	42	our	our	PRON
ajfa-4336	266	43	research	research	NOUN
ajfa-4336	266	44	period	period	NOUN
ajfa-4336	266	45	.	.	PUNCT
ajfa-4336	267	1	the	the	DET
ajfa-4336	267	2	current	current	ADJ
ajfa-4336	267	3	ratio	ratio	NOUN
ajfa-4336	267	4	has	have	VERB
ajfa-4336	267	5	an	an	DET
ajfa-4336	267	6	average	average	ADJ
ajfa-4336	267	7	value	value	NOUN
ajfa-4336	267	8	of	of	ADP
ajfa-4336	267	9	68	68	NUM
ajfa-4336	267	10	%	%	NOUN
ajfa-4336	267	11	,	,	PUNCT
ajfa-4336	267	12	revealing	reveal	VERB
ajfa-4336	267	13	a	a	DET
ajfa-4336	267	14	depressed	depressed	ADJ
ajfa-4336	267	15	short	short	ADJ
ajfa-4336	267	16	-	-	PUNCT
ajfa-4336	267	17	term	term	NOUN
ajfa-4336	267	18	solvency	solvency	NOUN
ajfa-4336	267	19	for	for	ADP
ajfa-4336	267	20	the	the	DET
ajfa-4336	267	21	igco	igco	NOUN
ajfa-4336	267	22	sample	sample	NOUN
ajfa-4336	267	23	.	.	PUNCT
ajfa-4336	268	1	table	table	NOUN
ajfa-4336	268	2	6	6	NUM
ajfa-4336	268	3	.	.	PUNCT
ajfa-4336	268	4	descriptive	descriptive	ADJ
ajfa-4336	268	5	statistics	statistic	NOUN
ajfa-4336	268	6	and	and	CCONJ
ajfa-4336	268	7	mean	mean	VERB
ajfa-4336	268	8	differences	difference	NOUN
ajfa-4336	268	9	variable	variable	ADJ
ajfa-4336	268	10	mean	mean	VERB
ajfa-4336	268	11	standard	standard	ADJ
ajfa-4336	268	12	deviation	deviation	NOUN
ajfa-4336	268	13	mean	mean	VERB
ajfa-4336	268	14	differences	difference	NOUN
ajfa-4336	268	15	*	*	NOUN
ajfa-4336	268	16	time	time	NOUN
ajfa-4336	268	17	14.71241	14.71241	NUM
ajfa-4336	268	18	12.04414	12.04414	NUM
ajfa-4336	268	19	0.7524	0.7524	NUM
ajfa-4336	268	20	age	age	NOUN
ajfa-4336	268	21	13.18954	13.18954	NUM
ajfa-4336	268	22	9.70807	9.70807	NUM
ajfa-4336	268	23	-0.4873	-0.4873	ADJ
ajfa-4336	268	24	size	size	NOUN
ajfa-4336	268	25	14.78033	14.78033	NUM
ajfa-4336	268	26	1.18690	1.18690	NUM
ajfa-4336	268	27	-0.3083	-0.3083	NOUN
ajfa-4336	268	28	cacl	cacl	PROPN
ajfa-4336	268	29	0.68113	0.68113	NUM
ajfa-4336	268	30	0.44511	0.44511	NUM
ajfa-4336	268	31	8.9689	8.9689	NUM
ajfa-4336	268	32	wcta	wcta	ADJ
ajfa-4336	268	33	-0.32609	-0.32609	NOUN
ajfa-4336	268	34	0.59220	0.59220	NUM
ajfa-4336	268	35	28.4319b	28.4319b	NUM
ajfa-4336	268	36	tlta	tlta	NOUN
ajfa-4336	268	37	0.89929	0.89929	NUM
ajfa-4336	268	38	0.44286	0.44286	NUM
ajfa-4336	268	39	-27.1754b	-27.1754b	ADJ
ajfa-4336	268	40	futl	futl	NOUN
ajfa-4336	268	41	-0.00229	-0.00229	NOUN
ajfa-4336	268	42	0.02856	0.02856	NUM
ajfa-4336	268	43	-0.088	-0.088	CCONJ
ajfa-4336	268	44	%	%	PROPN
ajfa-4336	268	45	reta	reta	NOUN
ajfa-4336	268	46	-0.19611	-0.19611	NOUN
ajfa-4336	268	47	0.36995	0.36995	NUM
ajfa-4336	269	1	5.2631	5.2631	NUM
ajfa-4336	269	2	%	%	NOUN
ajfa-4336	269	3	mvetl	mvetl	NOUN
ajfa-4336	269	4	0.19678	0.19678	NUM
ajfa-4336	269	5	0.40282	0.40282	NUM
ajfa-4336	269	6	0.2623a	0.2623a	NOUN
ajfa-4336	269	7	ratio	ratio	NOUN
ajfa-4336	269	8	0.25968	0.25968	NUM
ajfa-4336	269	9	0.33574	0.33574	NUM
ajfa-4336	269	10	-16.3824%a	-16.3824%a	PUNCT
ajfa-4336	269	11	own	own	VERB
ajfa-4336	269	12	0.01040	0.01040	NUM
ajfa-4336	269	13	0.03812	0.03812	NUM
ajfa-4336	269	14	-0.654	-0.654	NUM
ajfa-4336	269	15	%	%	NOUN
ajfa-4336	269	16	a	a	PRON
ajfa-4336	269	17	is	be	AUX
ajfa-4336	269	18	significant	significant	ADJ
ajfa-4336	269	19	at	at	ADP
ajfa-4336	269	20	a	a	DET
ajfa-4336	269	21	0.01	0.01	NUM
ajfa-4336	269	22	level	level	NOUN
ajfa-4336	269	23	,	,	PUNCT
ajfa-4336	269	24	and	and	CCONJ
ajfa-4336	269	25	b	b	NOUN
ajfa-4336	269	26	is	be	AUX
ajfa-4336	269	27	significant	significant	ADJ
ajfa-4336	269	28	a	a	DET
ajfa-4336	269	29	0.05	0.05	NUM
ajfa-4336	269	30	level	level	NOUN
ajfa-4336	269	31	.	.	PUNCT
ajfa-4336	270	1	*	*	PUNCT
ajfa-4336	270	2	is	be	AUX
ajfa-4336	270	3	the	the	DET
ajfa-4336	270	4	difference	difference	NOUN
ajfa-4336	270	5	between	between	ADP
ajfa-4336	270	6	the	the	DET
ajfa-4336	270	7	delisting	delist	VERB
ajfa-4336	270	8	firms	firm	NOUN
ajfa-4336	270	9	and	and	CCONJ
ajfa-4336	270	10	those	those	DET
ajfa-4336	270	11	remaining	remain	VERB
ajfa-4336	270	12	operation	operation	NOUN
ajfa-4336	270	13	at	at	ADP
ajfa-4336	270	14	the	the	DET
ajfa-4336	270	15	end	end	NOUN
ajfa-4336	270	16	of	of	ADP
ajfa-4336	270	17	2006	2006	NUM
ajfa-4336	270	18	.	.	PUNCT
ajfa-4336	271	1	5	5	NUM
ajfa-4336	271	2	.	.	X
ajfa-4336	271	3	empirical	empirical	ADJ
ajfa-4336	271	4	results	result	NOUN
ajfa-4336	271	5	information	information	NOUN
ajfa-4336	271	6	is	be	AUX
ajfa-4336	271	7	costly	costly	ADJ
ajfa-4336	271	8	and	and	CCONJ
ajfa-4336	271	9	some	some	PRON
ajfa-4336	271	10	are	be	AUX
ajfa-4336	271	11	even	even	ADV
ajfa-4336	271	12	limited	limited	ADJ
ajfa-4336	271	13	or	or	CCONJ
ajfa-4336	271	14	not	not	PART
ajfa-4336	271	15	obtainable	obtainable	ADJ
ajfa-4336	271	16	when	when	SCONJ
ajfa-4336	271	17	investors	investor	NOUN
ajfa-4336	271	18	need	need	VERB
ajfa-4336	271	19	useful	useful	ADJ
ajfa-4336	271	20	information	information	NOUN
ajfa-4336	271	21	to	to	PART
ajfa-4336	271	22	make	make	VERB
ajfa-4336	271	23	investment	investment	NOUN
ajfa-4336	271	24	decisions	decision	NOUN
ajfa-4336	271	25	.	.	PUNCT
ajfa-4336	272	1	this	this	DET
ajfa-4336	272	2	paper	paper	NOUN
ajfa-4336	272	3	applies	apply	VERB
ajfa-4336	272	4	both	both	CCONJ
ajfa-4336	272	5	financial	financial	ADJ
ajfa-4336	272	6	and	and	CCONJ
ajfa-4336	272	7	no	no	DET
ajfa-4336	272	8	financial	financial	ADJ
ajfa-4336	272	9	information	information	NOUN
ajfa-4336	272	10	to	to	PART
ajfa-4336	272	11	investigate	investigate	VERB
ajfa-4336	272	12	delisting	delist	VERB
ajfa-4336	272	13	factors	factor	NOUN
ajfa-4336	272	14	for	for	ADP
ajfa-4336	272	15	igco	igco	NOUN
ajfa-4336	272	16	firms	firm	NOUN
ajfa-4336	272	17	.	.	PUNCT
ajfa-4336	273	1	our	our	PRON
ajfa-4336	273	2	study	study	NOUN
ajfa-4336	273	3	examines	examine	VERB
ajfa-4336	273	4	four	four	NUM
ajfa-4336	273	5	models	model	NOUN
ajfa-4336	273	6	of	of	ADP
ajfa-4336	273	7	corporate	corporate	ADJ
ajfa-4336	273	8	structure	structure	NOUN
ajfa-4336	273	9	combinations	combination	NOUN
ajfa-4336	273	10	under	under	ADP
ajfa-4336	273	11	insufficient	insufficient	ADJ
ajfa-4336	273	12	or	or	CCONJ
ajfa-4336	273	13	sufficient	sufficient	ADJ
ajfa-4336	273	14	information	information	NOUN
ajfa-4336	273	15	assumption	assumption	NOUN
ajfa-4336	273	16	.	.	PUNCT
ajfa-4336	274	1	for	for	ADP
ajfa-4336	274	2	insufficient	insufficient	ADJ
ajfa-4336	274	3	information	information	NOUN
ajfa-4336	274	4	assumption	assumption	NOUN
ajfa-4336	274	5	,	,	PUNCT
ajfa-4336	274	6	three	three	NUM
ajfa-4336	274	7	structure	structure	NOUN
ajfa-4336	274	8	models	model	NOUN
ajfa-4336	274	9	,	,	PUNCT
ajfa-4336	274	10	the	the	DET
ajfa-4336	274	11	general	general	ADJ
ajfa-4336	274	12	financial	financial	ADJ
ajfa-4336	274	13	,	,	PUNCT
ajfa-4336	274	14	general	general	ADJ
ajfa-4336	274	15	operation	operation	NOUN
ajfa-4336	274	16	,	,	PUNCT
ajfa-4336	274	17	and	and	CCONJ
ajfa-4336	274	18	general	general	ADJ
ajfa-4336	274	19	ownership	ownership	NOUN
ajfa-4336	274	20	are	be	AUX
ajfa-4336	274	21	tested	test	VERB
ajfa-4336	274	22	respectively	respectively	ADV
ajfa-4336	274	23	.	.	PUNCT
ajfa-4336	275	1	the	the	DET
ajfa-4336	275	2	sufficient	sufficient	ADJ
ajfa-4336	275	3	information	information	NOUN
ajfa-4336	275	4	model	model	NOUN
ajfa-4336	275	5	has	have	VERB
ajfa-4336	275	6	all	all	DET
ajfa-4336	275	7	corporate	corporate	ADJ
ajfa-4336	275	8	financial	financial	ADJ
ajfa-4336	275	9	and	and	CCONJ
ajfa-4336	275	10	non	non	ADJ
ajfa-4336	275	11	-	-	ADJ
ajfa-4336	275	12	financial	financial	ADJ
ajfa-4336	275	13	structures	structure	NOUN
ajfa-4336	275	14	into	into	ADP
ajfa-4336	275	15	the	the	DET
ajfa-4336	275	16	model	model	NOUN
ajfa-4336	275	17	,	,	PUNCT
ajfa-4336	275	18	including	include	VERB
ajfa-4336	275	19	the	the	DET
ajfa-4336	275	20	general	general	ADJ
ajfa-4336	275	21	,	,	PUNCT
ajfa-4336	275	22	financial	financial	ADJ
ajfa-4336	275	23	,	,	PUNCT
ajfa-4336	275	24	operational	operational	ADJ
ajfa-4336	275	25	,	,	PUNCT
ajfa-4336	275	26	and	and	CCONJ
ajfa-4336	275	27	ownership	ownership	NOUN
ajfa-4336	275	28	structure	structure	NOUN
ajfa-4336	275	29	.	.	PUNCT
ajfa-4336	276	1	we	we	PRON
ajfa-4336	276	2	discuss	discuss	VERB
ajfa-4336	276	3	the	the	DET
ajfa-4336	276	4	relation	relation	NOUN
ajfa-4336	276	5	between	between	ADP
ajfa-4336	276	6	different	different	ADJ
ajfa-4336	276	7	corporate	corporate	ADJ
ajfa-4336	276	8	structures	structure	NOUN
ajfa-4336	276	9	and	and	CCONJ
ajfa-4336	276	10	its	its	PRON
ajfa-4336	276	11	delisting	delisting	NOUN
ajfa-4336	276	12	and	and	CCONJ
ajfa-4336	276	13	search	search	VERB
ajfa-4336	276	14	for	for	ADP
ajfa-4336	276	15	significant	significant	ADJ
ajfa-4336	276	16	impact	impact	NOUN
ajfa-4336	276	17	predictors	predictor	NOUN
ajfa-4336	276	18	for	for	ADP
ajfa-4336	276	19	corporate	corporate	ADJ
ajfa-4336	276	20	delisting	delisting	NOUN
ajfa-4336	276	21	.	.	PUNCT
ajfa-4336	277	1	table	table	NOUN
ajfa-4336	277	2	7	7	NUM
ajfa-4336	277	3	includes	include	VERB
ajfa-4336	277	4	our	our	PRON
ajfa-4336	277	5	empirical	empirical	ADJ
ajfa-4336	277	6	results	result	NOUN
ajfa-4336	277	7	.	.	PUNCT
ajfa-4336	278	1	according	accord	VERB
ajfa-4336	278	2	to	to	ADP
ajfa-4336	278	3	model	model	NOUN
ajfa-4336	278	4	1	1	NUM
ajfa-4336	278	5	in	in	ADP
ajfa-4336	278	6	table	table	NOUN
ajfa-4336	278	7	7	7	NUM
ajfa-4336	278	8	,	,	PUNCT
ajfa-4336	278	9	insignificant	insignificant	ADJ
ajfa-4336	278	10	financial	financial	ADJ
ajfa-4336	278	11	predictors	predictor	NOUN
ajfa-4336	278	12	for	for	ADP
ajfa-4336	278	13	delisting	delisting	NOUN
ajfa-4336	278	14	are	be	AUX
ajfa-4336	278	15	current	current	ADJ
ajfa-4336	278	16	ratio	ratio	NOUN
ajfa-4336	278	17	(	(	PUNCT
ajfa-4336	278	18	cacl	cacl	PROPN
ajfa-4336	278	19	)	)	PUNCT
ajfa-4336	278	20	,	,	PUNCT
ajfa-4336	278	21	working	work	VERB
ajfa-4336	278	22	capital	capital	NOUN
ajfa-4336	278	23	to	to	AUX
ajfa-4336	278	24	total	total	ADJ
ajfa-4336	278	25	assets	asset	NOUN
ajfa-4336	278	26	ratio	ratio	PROPN
ajfa-4336	278	27	asian	asian	ADJ
ajfa-4336	278	28	journal	journal	PROPN
ajfa-4336	278	29	of	of	ADP
ajfa-4336	278	30	finance	finance	PROPN
ajfa-4336	278	31	&	&	CCONJ
ajfa-4336	278	32	accounting	accounting	PROPN
ajfa-4336	278	33	issn	issn	PROPN
ajfa-4336	278	34	1946	1946	NUM
ajfa-4336	278	35	-	-	PUNCT
ajfa-4336	278	36	052x	052x	NOUN
ajfa-4336	278	37	2013	2013	NUM
ajfa-4336	278	38	,	,	PUNCT
ajfa-4336	278	39	vol	vol	NOUN
ajfa-4336	278	40	.	.	PROPN
ajfa-4336	278	41	5	5	NUM
ajfa-4336	278	42	,	,	PUNCT
ajfa-4336	278	43	no	no	INTJ
ajfa-4336	278	44	.	.	NOUN
ajfa-4336	278	45	2	2	NUM
ajfa-4336	278	46	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4336	278	47	155	155	NUM
ajfa-4336	278	48	(	(	PUNCT
ajfa-4336	278	49	wcta	wcta	ADJ
ajfa-4336	278	50	)	)	PUNCT
ajfa-4336	278	51	,	,	PUNCT
ajfa-4336	278	52	debt	debt	NOUN
ajfa-4336	278	53	ratio	ratio	NOUN
ajfa-4336	278	54	(	(	PUNCT
ajfa-4336	278	55	tlta	tlta	NOUN
ajfa-4336	278	56	)	)	PUNCT
ajfa-4336	278	57	,	,	PUNCT
ajfa-4336	278	58	and	and	CCONJ
ajfa-4336	278	59	market	market	NOUN
ajfa-4336	278	60	value	value	NOUN
ajfa-4336	278	61	of	of	ADP
ajfa-4336	278	62	equity	equity	NOUN
ajfa-4336	278	63	to	to	PART
ajfa-4336	278	64	total	total	VERB
ajfa-4336	278	65	debt	debt	NOUN
ajfa-4336	278	66	ratio	ratio	NOUN
ajfa-4336	278	67	(	(	PUNCT
ajfa-4336	278	68	mvetl	mvetl	NOUN
ajfa-4336	278	69	)	)	PUNCT
ajfa-4336	278	70	.	.	PUNCT
ajfa-4336	279	1	the	the	DET
ajfa-4336	279	2	result	result	NOUN
ajfa-4336	279	3	shows	show	VERB
ajfa-4336	279	4	that	that	SCONJ
ajfa-4336	279	5	ratios	ratio	NOUN
ajfa-4336	279	6	in	in	ADP
ajfa-4336	279	7	financial	financial	ADJ
ajfa-4336	279	8	structure	structure	NOUN
ajfa-4336	279	9	are	be	AUX
ajfa-4336	279	10	inefficient	inefficient	ADJ
ajfa-4336	279	11	predictors	predictor	NOUN
ajfa-4336	279	12	for	for	ADP
ajfa-4336	279	13	delisting	delist	VERB
ajfa-4336	279	14	.	.	PUNCT
ajfa-4336	280	1	model	model	NOUN
ajfa-4336	280	2	2	2	NUM
ajfa-4336	280	3	includes	include	VERB
ajfa-4336	280	4	three	three	NUM
ajfa-4336	280	5	ratios	ratio	NOUN
ajfa-4336	280	6	of	of	ADP
ajfa-4336	280	7	returns	return	NOUN
ajfa-4336	280	8	on	on	ADP
ajfa-4336	280	9	assets	asset	NOUN
ajfa-4336	280	10	(	(	PUNCT
ajfa-4336	280	11	nita	nita	PROPN
ajfa-4336	280	12	)	)	PUNCT
ajfa-4336	280	13	,	,	PUNCT
ajfa-4336	280	14	retained	retain	VERB
ajfa-4336	280	15	earnings	earning	NOUN
ajfa-4336	280	16	to	to	ADP
ajfa-4336	280	17	total	total	ADJ
ajfa-4336	280	18	assets	asset	NOUN
ajfa-4336	280	19	(	(	PUNCT
ajfa-4336	280	20	reta	reta	NOUN
ajfa-4336	280	21	)	)	PUNCT
ajfa-4336	280	22	,	,	PUNCT
ajfa-4336	280	23	and	and	CCONJ
ajfa-4336	280	24	market	market	NOUN
ajfa-4336	280	25	value	value	NOUN
ajfa-4336	280	26	of	of	ADP
ajfa-4336	280	27	equity	equity	NOUN
ajfa-4336	280	28	to	to	AUX
ajfa-4336	280	29	total	total	ADJ
ajfa-4336	280	30	debts	debt	NOUN
ajfa-4336	280	31	(	(	PUNCT
ajfa-4336	280	32	mvetl	mvetl	NOUN
ajfa-4336	280	33	)	)	PUNCT
ajfa-4336	280	34	in	in	ADP
ajfa-4336	280	35	corporate	corporate	ADJ
ajfa-4336	280	36	operational	operational	ADJ
ajfa-4336	280	37	structure	structure	NOUN
ajfa-4336	280	38	to	to	ADP
ajfa-4336	280	39	its	its	PRON
ajfa-4336	280	40	impacts	impact	NOUN
ajfa-4336	280	41	on	on	ADP
ajfa-4336	280	42	delisting	delist	VERB
ajfa-4336	280	43	.	.	PUNCT
ajfa-4336	281	1	among	among	ADP
ajfa-4336	281	2	these	these	DET
ajfa-4336	281	3	ratios	ratio	NOUN
ajfa-4336	281	4	,	,	PUNCT
ajfa-4336	281	5	the	the	DET
ajfa-4336	281	6	retained	retain	VERB
ajfa-4336	281	7	earnings	earning	NOUN
ajfa-4336	281	8	to	to	ADP
ajfa-4336	281	9	total	total	ADJ
ajfa-4336	281	10	assets	asset	NOUN
ajfa-4336	281	11	(	(	PUNCT
ajfa-4336	281	12	reta	reta	NOUN
ajfa-4336	281	13	)	)	PUNCT
ajfa-4336	281	14	ratio	ratio	NOUN
ajfa-4336	281	15	has	have	VERB
ajfa-4336	281	16	a	a	DET
ajfa-4336	281	17	significant	significant	ADJ
ajfa-4336	281	18	and	and	CCONJ
ajfa-4336	281	19	negative	negative	ADJ
ajfa-4336	281	20	impact	impact	NOUN
ajfa-4336	281	21	on	on	ADP
ajfa-4336	281	22	delisting	delist	VERB
ajfa-4336	281	23	.	.	PUNCT
ajfa-4336	282	1	when	when	SCONJ
ajfa-4336	282	2	in	in	ADP
ajfa-4336	282	3	financial	financial	ADJ
ajfa-4336	282	4	distress	distress	NOUN
ajfa-4336	282	5	,	,	PUNCT
ajfa-4336	282	6	corporate	corporate	ADJ
ajfa-4336	282	7	performance	performance	NOUN
ajfa-4336	282	8	and	and	CCONJ
ajfa-4336	282	9	profit	profit	NOUN
ajfa-4336	282	10	decline	decline	NOUN
ajfa-4336	282	11	which	which	PRON
ajfa-4336	282	12	reduce	reduce	VERB
ajfa-4336	282	13	accumulated	accumulate	VERB
ajfa-4336	282	14	earnings	earning	NOUN
ajfa-4336	282	15	as	as	ADP
ajfa-4336	282	16	a	a	DET
ajfa-4336	282	17	result	result	NOUN
ajfa-4336	282	18	.	.	PUNCT
ajfa-4336	283	1	this	this	PRON
ajfa-4336	283	2	shows	show	VERB
ajfa-4336	283	3	that	that	SCONJ
ajfa-4336	283	4	inappropriate	inappropriate	ADJ
ajfa-4336	283	5	application	application	NOUN
ajfa-4336	283	6	of	of	ADP
ajfa-4336	283	7	corporate	corporate	ADJ
ajfa-4336	283	8	resources	resource	NOUN
ajfa-4336	283	9	may	may	AUX
ajfa-4336	283	10	cause	cause	VERB
ajfa-4336	283	11	its	its	PRON
ajfa-4336	283	12	assets	asset	NOUN
ajfa-4336	283	13	to	to	PART
ajfa-4336	283	14	function	function	VERB
ajfa-4336	283	15	incompletely	incompletely	ADV
ajfa-4336	283	16	.	.	PUNCT
ajfa-4336	284	1	in	in	ADP
ajfa-4336	284	2	addition	addition	NOUN
ajfa-4336	284	3	,	,	PUNCT
ajfa-4336	284	4	the	the	DET
ajfa-4336	284	5	market	market	NOUN
ajfa-4336	284	6	value	value	NOUN
ajfa-4336	284	7	of	of	ADP
ajfa-4336	284	8	equity	equity	NOUN
ajfa-4336	284	9	to	to	PART
ajfa-4336	284	10	total	total	ADJ
ajfa-4336	284	11	debts	debt	NOUN
ajfa-4336	284	12	ratio	ratio	NOUN
ajfa-4336	284	13	(	(	PUNCT
ajfa-4336	284	14	mvetl	mvetl	NOUN
ajfa-4336	284	15	)	)	PUNCT
ajfa-4336	284	16	is	be	AUX
ajfa-4336	284	17	also	also	ADV
ajfa-4336	284	18	significant	significant	ADJ
ajfa-4336	284	19	and	and	CCONJ
ajfa-4336	284	20	negative	negative	ADJ
ajfa-4336	284	21	.	.	PUNCT
ajfa-4336	285	1	after	after	ADP
ajfa-4336	285	2	the	the	DET
ajfa-4336	285	3	issuance	issuance	NOUN
ajfa-4336	285	4	of	of	ADP
ajfa-4336	285	5	igco	igco	NOUN
ajfa-4336	285	6	,	,	PUNCT
ajfa-4336	285	7	corporate	corporate	ADJ
ajfa-4336	285	8	stock	stock	NOUN
ajfa-4336	285	9	prices	price	NOUN
ajfa-4336	285	10	fall	fall	VERB
ajfa-4336	285	11	,	,	PUNCT
ajfa-4336	285	12	market	market	NOUN
ajfa-4336	285	13	values	value	NOUN
ajfa-4336	285	14	shrink	shrink	VERB
ajfa-4336	285	15	,	,	PUNCT
ajfa-4336	285	16	and	and	CCONJ
ajfa-4336	285	17	debt	debt	NOUN
ajfa-4336	285	18	paying	pay	VERB
ajfa-4336	285	19	ability	ability	NOUN
ajfa-4336	285	20	even	even	ADV
ajfa-4336	285	21	lowers	lower	NOUN
ajfa-4336	285	22	,	,	PUNCT
ajfa-4336	285	23	resulted	result	VERB
ajfa-4336	285	24	in	in	ADP
ajfa-4336	285	25	a	a	DET
ajfa-4336	285	26	higher	high	ADJ
ajfa-4336	285	27	delisting	delisting	NOUN
ajfa-4336	285	28	probability	probability	NOUN
ajfa-4336	285	29	.	.	PUNCT
ajfa-4336	286	1	model	model	NOUN
ajfa-4336	286	2	3	3	NUM
ajfa-4336	286	3	has	have	VERB
ajfa-4336	286	4	two	two	NUM
ajfa-4336	286	5	ratios	ratio	NOUN
ajfa-4336	286	6	in	in	ADP
ajfa-4336	286	7	the	the	DET
ajfa-4336	286	8	corporate	corporate	ADJ
ajfa-4336	286	9	ownership	ownership	NOUN
ajfa-4336	286	10	structure	structure	NOUN
ajfa-4336	286	11	to	to	PART
ajfa-4336	286	12	predict	predict	VERB
ajfa-4336	286	13	delisting	delisting	NOUN
ajfa-4336	286	14	,	,	PUNCT
ajfa-4336	286	15	including	include	VERB
ajfa-4336	286	16	the	the	DET
ajfa-4336	286	17	pledged	pledge	VERB
ajfa-4336	286	18	share	share	NOUN
ajfa-4336	286	19	rate	rate	NOUN
ajfa-4336	286	20	of	of	ADP
ajfa-4336	286	21	directors	director	NOUN
ajfa-4336	286	22	’	'	PUNCT
ajfa-4336	286	23	and	and	CCONJ
ajfa-4336	286	24	supervisors	supervisor	NOUN
ajfa-4336	286	25	’	'	PUNCT
ajfa-4336	286	26	and	and	CCONJ
ajfa-4336	286	27	insider	insider	NOUN
ajfa-4336	286	28	shareholding	shareholding	NOUN
ajfa-4336	286	29	ratio	ratio	NOUN
ajfa-4336	286	30	.	.	PUNCT
ajfa-4336	287	1	among	among	ADP
ajfa-4336	287	2	these	these	DET
ajfa-4336	287	3	two	two	NUM
ajfa-4336	287	4	ratios	ratio	NOUN
ajfa-4336	287	5	,	,	PUNCT
ajfa-4336	287	6	the	the	DET
ajfa-4336	287	7	insider	insider	NOUN
ajfa-4336	287	8	shareholding	shareholding	NOUN
ajfa-4336	287	9	ratio	ratio	NOUN
ajfa-4336	287	10	has	have	VERB
ajfa-4336	287	11	a	a	DET
ajfa-4336	287	12	significant	significant	ADJ
ajfa-4336	287	13	and	and	CCONJ
ajfa-4336	287	14	positive	positive	ADJ
ajfa-4336	287	15	effect	effect	NOUN
ajfa-4336	287	16	on	on	ADP
ajfa-4336	287	17	delisting	delist	VERB
ajfa-4336	287	18	.	.	PUNCT
ajfa-4336	288	1	large	large	ADJ
ajfa-4336	288	2	ownership	ownership	NOUN
ajfa-4336	288	3	shareholders	shareholder	NOUN
ajfa-4336	288	4	pledge	pledge	VERB
ajfa-4336	288	5	their	their	PRON
ajfa-4336	288	6	shares	share	NOUN
ajfa-4336	288	7	to	to	PART
ajfa-4336	288	8	obtain	obtain	VERB
ajfa-4336	288	9	capital	capital	NOUN
ajfa-4336	288	10	and	and	CCONJ
ajfa-4336	288	11	make	make	VERB
ajfa-4336	288	12	inappropriate	inappropriate	ADJ
ajfa-4336	288	13	investment	investment	NOUN
ajfa-4336	288	14	decisions	decision	NOUN
ajfa-4336	288	15	,	,	PUNCT
ajfa-4336	288	16	causing	cause	VERB
ajfa-4336	288	17	corporate	corporate	ADJ
ajfa-4336	288	18	financial	financial	ADJ
ajfa-4336	288	19	crisis	crisis	NOUN
ajfa-4336	288	20	as	as	ADP
ajfa-4336	288	21	a	a	DET
ajfa-4336	288	22	result	result	NOUN
ajfa-4336	288	23	.	.	PUNCT
ajfa-4336	289	1	this	this	DET
ajfa-4336	289	2	situation	situation	NOUN
ajfa-4336	289	3	is	be	AUX
ajfa-4336	289	4	normally	normally	ADV
ajfa-4336	289	5	observed	observe	VERB
ajfa-4336	289	6	in	in	ADP
ajfa-4336	289	7	taiwan	taiwan	PROPN
ajfa-4336	289	8	public	public	ADJ
ajfa-4336	289	9	companies	company	NOUN
ajfa-4336	289	10	and	and	CCONJ
ajfa-4336	289	11	eventually	eventually	ADV
ajfa-4336	289	12	they	they	PRON
ajfa-4336	289	13	are	be	AUX
ajfa-4336	289	14	desisted	desist	VERB
ajfa-4336	289	15	from	from	ADP
ajfa-4336	289	16	the	the	DET
ajfa-4336	289	17	market	market	NOUN
ajfa-4336	289	18	.	.	PUNCT
ajfa-4336	290	1	model	model	NOUN
ajfa-4336	290	2	4	4	NUM
ajfa-4336	290	3	incorporates	incorporate	VERB
ajfa-4336	290	4	all	all	DET
ajfa-4336	290	5	four	four	NUM
ajfa-4336	290	6	corporate	corporate	ADJ
ajfa-4336	290	7	structures	structure	NOUN
ajfa-4336	290	8	into	into	ADP
ajfa-4336	290	9	the	the	DET
ajfa-4336	290	10	model	model	NOUN
ajfa-4336	290	11	when	when	SCONJ
ajfa-4336	290	12	information	information	NOUN
ajfa-4336	290	13	is	be	AUX
ajfa-4336	290	14	sufficient	sufficient	ADJ
ajfa-4336	290	15	to	to	PART
ajfa-4336	290	16	exam	exam	VERB
ajfa-4336	290	17	its	its	PRON
ajfa-4336	290	18	impacts	impact	NOUN
ajfa-4336	290	19	on	on	ADP
ajfa-4336	290	20	delisting	delist	VERB
ajfa-4336	290	21	.	.	PUNCT
ajfa-4336	291	1	the	the	DET
ajfa-4336	291	2	empirical	empirical	ADJ
ajfa-4336	291	3	results	result	NOUN
ajfa-4336	291	4	show	show	VERB
ajfa-4336	291	5	two	two	NUM
ajfa-4336	291	6	significant	significant	ADJ
ajfa-4336	291	7	and	and	CCONJ
ajfa-4336	291	8	negative	negative	ADJ
ajfa-4336	291	9	impacts	impact	NOUN
ajfa-4336	291	10	on	on	ADP
ajfa-4336	291	11	delisting	delist	VERB
ajfa-4336	291	12	,	,	PUNCT
ajfa-4336	291	13	the	the	DET
ajfa-4336	291	14	retained	retain	VERB
ajfa-4336	291	15	earnings	earning	NOUN
ajfa-4336	291	16	to	to	ADP
ajfa-4336	291	17	total	total	ADJ
ajfa-4336	291	18	assets	asset	NOUN
ajfa-4336	291	19	ratio	ratio	NOUN
ajfa-4336	291	20	(	(	PUNCT
ajfa-4336	291	21	reta	reta	PROPN
ajfa-4336	291	22	)	)	PUNCT
ajfa-4336	291	23	and	and	CCONJ
ajfa-4336	291	24	the	the	DET
ajfa-4336	291	25	market	market	NOUN
ajfa-4336	291	26	value	value	NOUN
ajfa-4336	291	27	of	of	ADP
ajfa-4336	291	28	equity	equity	NOUN
ajfa-4336	291	29	to	to	PART
ajfa-4336	291	30	total	total	ADJ
ajfa-4336	291	31	debts	debt	NOUN
ajfa-4336	291	32	ratio	ratio	NOUN
ajfa-4336	291	33	(	(	PUNCT
ajfa-4336	291	34	mvetl	mvetl	NOUN
ajfa-4336	291	35	)	)	PUNCT
ajfa-4336	291	36	.	.	PUNCT
ajfa-4336	292	1	the	the	DET
ajfa-4336	292	2	pledged	pledge	VERB
ajfa-4336	292	3	share	share	NOUN
ajfa-4336	292	4	ratio	ratio	NOUN
ajfa-4336	292	5	of	of	ADP
ajfa-4336	292	6	directors	director	NOUN
ajfa-4336	292	7	’	'	PUNCT
ajfa-4336	292	8	and	and	CCONJ
ajfa-4336	292	9	supervisors	supervisor	NOUN
ajfa-4336	292	10	’	'	PUNCT
ajfa-4336	292	11	has	have	VERB
ajfa-4336	292	12	a	a	DET
ajfa-4336	292	13	significant	significant	ADJ
ajfa-4336	292	14	and	and	CCONJ
ajfa-4336	292	15	negative	negative	ADJ
ajfa-4336	292	16	impact	impact	NOUN
ajfa-4336	292	17	,	,	PUNCT
ajfa-4336	292	18	meaning	mean	VERB
ajfa-4336	292	19	that	that	SCONJ
ajfa-4336	292	20	applying	apply	VERB
ajfa-4336	292	21	operational	operational	ADJ
ajfa-4336	292	22	and	and	CCONJ
ajfa-4336	292	23	non	non	ADJ
ajfa-4336	292	24	-	-	ADJ
ajfa-4336	292	25	financial	financial	ADJ
ajfa-4336	292	26	ownership	ownership	NOUN
ajfa-4336	292	27	structure	structure	NOUN
ajfa-4336	292	28	together	together	ADV
ajfa-4336	292	29	into	into	ADP
ajfa-4336	292	30	the	the	DET
ajfa-4336	292	31	model	model	NOUN
ajfa-4336	292	32	is	be	AUX
ajfa-4336	292	33	useful	useful	ADJ
ajfa-4336	292	34	in	in	ADP
ajfa-4336	292	35	predicting	predict	VERB
ajfa-4336	292	36	corporate	corporate	ADJ
ajfa-4336	292	37	delisting	delisting	NOUN
ajfa-4336	292	38	.	.	PUNCT
ajfa-4336	293	1	asian	asian	ADJ
ajfa-4336	293	2	journal	journal	PROPN
ajfa-4336	293	3	of	of	ADP
ajfa-4336	293	4	finance	finance	PROPN
ajfa-4336	293	5	&	&	CCONJ
ajfa-4336	293	6	accounting	accounting	PROPN
ajfa-4336	293	7	issn	issn	PROPN
ajfa-4336	293	8	1946	1946	NUM
ajfa-4336	293	9	-	-	PUNCT
ajfa-4336	293	10	052x	052x	NOUN
ajfa-4336	293	11	2013	2013	NUM
ajfa-4336	293	12	,	,	PUNCT
ajfa-4336	293	13	vol	vol	NOUN
ajfa-4336	293	14	.	.	PROPN
ajfa-4336	293	15	5	5	NUM
ajfa-4336	293	16	,	,	PUNCT
ajfa-4336	293	17	no	no	INTJ
ajfa-4336	293	18	.	.	NOUN
ajfa-4336	293	19	2	2	NUM
ajfa-4336	293	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4336	293	21	156	156	NUM
ajfa-4336	293	22	table	table	NOUN
ajfa-4336	293	23	7	7	NUM
ajfa-4336	293	24	.	.	PUNCT
ajfa-4336	294	1	empirical	empirical	ADJ
ajfa-4336	294	2	results	result	NOUN
ajfa-4336	294	3	based	base	VERB
ajfa-4336	294	4	on	on	ADP
ajfa-4336	294	5	the	the	DET
ajfa-4336	294	6	proportional	proportional	ADJ
ajfa-4336	294	7	hazard	hazard	NOUN
ajfa-4336	294	8	model	model	NOUN
ajfa-4336	294	9	mode	mode	PROPN
ajfa-4336	294	10	1	1	NUM
ajfa-4336	294	11	model	model	NOUN
ajfa-4336	294	12	2	2	NUM
ajfa-4336	294	13	model	model	NOUN
ajfa-4336	294	14	3	3	NUM
ajfa-4336	294	15	model	model	NOUN
ajfa-4336	294	16	4	4	NUM
ajfa-4336	294	17	cacl	cacl	PROPN
ajfa-4336	294	18	-0.315(0.276	-0.315(0.276	PUNCT
ajfa-4336	294	19	)	)	PUNCT
ajfa-4336	294	20	-0.107(0.289	-0.107(0.289	NUM
ajfa-4336	294	21	)	)	PUNCT
ajfa-4336	294	22	wtca	wtca	NOUN
ajfa-4336	294	23	0.216(0.241	0.216(0.241	PROPN
ajfa-4336	294	24	)	)	PUNCT
ajfa-4336	294	25	-0.082(0.270	-0.082(0.270	NUM
ajfa-4336	294	26	)	)	PUNCT
ajfa-4336	294	27	tlta	tlta	NOUN
ajfa-4336	294	28	0.209(0.351	0.209(0.351	NOUN
ajfa-4336	294	29	)	)	PUNCT
ajfa-4336	294	30	0.156(0.451	0.156(0.451	NOUN
ajfa-4336	294	31	)	)	PUNCT
ajfa-4336	294	32	futl	futl	NOUN
ajfa-4336	294	33	1.895(3.812	1.895(3.812	NUM
ajfa-4336	294	34	)	)	PUNCT
ajfa-4336	294	35	4.535(3.948	4.535(3.948	PROPN
ajfa-4336	294	36	)	)	PUNCT
ajfa-4336	294	37	nita	nita	PROPN
ajfa-4336	294	38	-24.79(48.36	-24.79(48.36	PROPN
ajfa-4336	294	39	)	)	PUNCT
ajfa-4336	294	40	-15.26(56.557	-15.26(56.557	PROPN
ajfa-4336	294	41	)	)	PUNCT
ajfa-4336	294	42	reta	reta	NOUN
ajfa-4336	294	43	-0.680(0.404	-0.680(0.404	NOUN
ajfa-4336	294	44	)	)	PUNCT
ajfa-4336	294	45	*	*	PUNCT
ajfa-4336	295	1	-0.747(0.416	-0.747(0.416	NUM
ajfa-4336	295	2	)	)	PUNCT
ajfa-4336	295	3	*	*	PUNCT
ajfa-4336	295	4	mvetl	mvetl	NOUN
ajfa-4336	295	5	-0.924(0.295	-0.924(0.295	PUNCT
ajfa-4336	295	6	)	)	PUNCT
ajfa-4336	296	1	*	*	PUNCT
ajfa-4336	296	2	*	*	PUNCT
ajfa-4336	296	3	*	*	PUNCT
ajfa-4336	296	4	-0.991(0.416	-0.991(0.416	NOUN
ajfa-4336	296	5	)	)	PUNCT
ajfa-4336	297	1	*	*	PUNCT
ajfa-4336	297	2	*	*	PUNCT
ajfa-4336	297	3	*	*	PUNCT
ajfa-4336	297	4	ratio	ratio	NOUN
ajfa-4336	297	5	0.978(0.364	0.978(0.364	NOUN
ajfa-4336	297	6	)	)	PUNCT
ajfa-4336	298	1	*	*	PUNCT
ajfa-4336	299	1	*	*	PUNCT
ajfa-4336	299	2	*	*	PUNCT
ajfa-4336	299	3	0.857(0.407	0.857(0.407	X
ajfa-4336	299	4	)	)	PUNCT
ajfa-4336	299	5	*	*	PUNCT
ajfa-4336	299	6	*	*	PUNCT
ajfa-4336	299	7	own	own	ADJ
ajfa-4336	299	8	-1.140(3.120	-1.140(3.120	ADJ
ajfa-4336	299	9	)	)	PUNCT
ajfa-4336	299	10	-0.509(3.337	-0.509(3.337	NUM
ajfa-4336	299	11	)	)	PUNCT
ajfa-4336	299	12	age	age	NOUN
ajfa-4336	299	13	-0.044(0.014	-0.044(0.014	PUNCT
ajfa-4336	299	14	)	)	PUNCT
ajfa-4336	300	1	*	*	PUNCT
ajfa-4336	301	1	*	*	PUNCT
ajfa-4336	301	2	*	*	PUNCT
ajfa-4336	301	3	-0.049(0.014	-0.049(0.014	PROPN
ajfa-4336	301	4	)	)	PUNCT
ajfa-4336	301	5	*	*	PUNCT
ajfa-4336	301	6	*	*	PUNCT
ajfa-4336	301	7	*	*	PUNCT
ajfa-4336	301	8	-0.041(0.014	-0.041(0.014	NOUN
ajfa-4336	301	9	)	)	PUNCT
ajfa-4336	301	10	*	*	PUNCT
ajfa-4336	302	1	*	*	PUNCT
ajfa-4336	302	2	*	*	PUNCT
ajfa-4336	302	3	-0.049(0.014	-0.049(0.014	PROPN
ajfa-4336	302	4	)	)	PUNCT
ajfa-4336	302	5	*	*	PUNCT
ajfa-4336	302	6	*	*	PUNCT
ajfa-4336	302	7	*	*	NOUN
ajfa-4336	302	8	size	size	NOUN
ajfa-4336	302	9	-0.093(0.099	-0.093(0.099	PUNCT
ajfa-4336	302	10	)	)	PUNCT
ajfa-4336	302	11	-0.103(0.098	-0.103(0.098	NOUN
ajfa-4336	302	12	)	)	PUNCT
ajfa-4336	302	13	-0.027(0.097	-0.027(0.097	PROPN
ajfa-4336	302	14	)	)	PUNCT
ajfa-4336	302	15	-0.069(0.104	-0.069(0.104	PROPN
ajfa-4336	302	16	)	)	PUNCT
ajfa-4336	302	17	log	log	NOUN
ajfa-4336	302	18	-	-	PUNCT
ajfa-4336	302	19	likelihood	likelihood	NOUN
ajfa-4336	302	20	-357.224	-357.224	ADJ
ajfa-4336	302	21	-353.186	-353.186	X
ajfa-4336	302	22	-354.516	-354.516	NUM
ajfa-4336	302	23	-350.046	-350.046	PUNCT
ajfa-4336	302	24	restrict	restrict	VERB
ajfa-4336	302	25	log	log	NOUN
ajfa-4336	302	26	-	-	PUNCT
ajfa-4336	302	27	l	l	NOUN
ajfa-4336	302	28	slope=0	slope=0	NOUN
ajfa-4336	302	29	-365.859	-365.859	NUM
ajfa-4336	302	30	-365.859	-365.859	PUNCT
ajfa-4336	302	31	-365.859	-365.859	PUNCT
ajfa-4336	302	32	-365.859	-365.859	ADP
ajfa-4336	302	33	standard	standard	ADJ
ajfa-4336	302	34	deviation	deviation	NOUN
ajfa-4336	302	35	in	in	ADP
ajfa-4336	302	36	the	the	DET
ajfa-4336	302	37	brackets	bracket	NOUN
ajfa-4336	302	38	,	,	PUNCT
ajfa-4336	302	39	*	*	PUNCT
ajfa-4336	302	40	,	,	PUNCT
ajfa-4336	302	41	*	*	PUNCT
ajfa-4336	302	42	*	*	PUNCT
ajfa-4336	302	43	,	,	PUNCT
ajfa-4336	302	44	and	and	CCONJ
ajfa-4336	302	45	*	*	PUNCT
ajfa-4336	302	46	*	*	PUNCT
ajfa-4336	302	47	*	*	PUNCT
ajfa-4336	302	48	represent	represent	VERB
ajfa-4336	302	49	significant	significant	ADJ
ajfa-4336	302	50	at	at	ADP
ajfa-4336	302	51	the	the	DET
ajfa-4336	302	52	level	level	NOUN
ajfa-4336	302	53	of	of	ADP
ajfa-4336	302	54	0.05	0.05	NUM
ajfa-4336	302	55	,	,	PUNCT
ajfa-4336	302	56	0.025	0.025	NUM
ajfa-4336	302	57	,	,	PUNCT
ajfa-4336	302	58	and	and	CCONJ
ajfa-4336	302	59	0.01	0.01	NUM
ajfa-4336	302	60	.	.	PUNCT
ajfa-4336	303	1	model	model	NOUN
ajfa-4336	303	2	1	1	NUM
ajfa-4336	303	3	includes	include	VERB
ajfa-4336	303	4	corporate	corporate	ADJ
ajfa-4336	303	5	general	general	ADJ
ajfa-4336	303	6	and	and	CCONJ
ajfa-4336	303	7	financial	financial	ADJ
ajfa-4336	303	8	structure	structure	NOUN
ajfa-4336	303	9	.	.	PUNCT
ajfa-4336	304	1	model	model	NOUN
ajfa-4336	304	2	2	2	NUM
ajfa-4336	304	3	includes	include	VERB
ajfa-4336	304	4	corporate	corporate	ADJ
ajfa-4336	304	5	general	general	ADJ
ajfa-4336	304	6	and	and	CCONJ
ajfa-4336	304	7	operational	operational	ADJ
ajfa-4336	304	8	structure	structure	NOUN
ajfa-4336	304	9	.	.	PUNCT
ajfa-4336	305	1	model	model	NOUN
ajfa-4336	305	2	3	3	NUM
ajfa-4336	305	3	includes	include	VERB
ajfa-4336	305	4	corporate	corporate	ADJ
ajfa-4336	305	5	general	general	ADJ
ajfa-4336	305	6	and	and	CCONJ
ajfa-4336	305	7	ownership	ownership	NOUN
ajfa-4336	305	8	structure	structure	NOUN
ajfa-4336	305	9	.	.	PUNCT
ajfa-4336	306	1	model	model	NOUN
ajfa-4336	306	2	4	4	NUM
ajfa-4336	306	3	includes	include	VERB
ajfa-4336	306	4	corporate	corporate	ADJ
ajfa-4336	306	5	general	general	ADJ
ajfa-4336	306	6	,	,	PUNCT
ajfa-4336	306	7	financial	financial	ADJ
ajfa-4336	306	8	,	,	PUNCT
ajfa-4336	306	9	operational	operational	ADJ
ajfa-4336	306	10	,	,	PUNCT
ajfa-4336	306	11	&	&	CCONJ
ajfa-4336	306	12	ownership	ownership	NOUN
ajfa-4336	306	13	structure	structure	NOUN
ajfa-4336	306	14	.	.	PUNCT
ajfa-4336	307	1	6	6	X
ajfa-4336	307	2	.	.	X
ajfa-4336	307	3	conclusion	conclusion	NOUN
ajfa-4336	307	4	after	after	ADP
ajfa-4336	307	5	the	the	DET
ajfa-4336	307	6	issuance	issuance	NOUN
ajfa-4336	307	7	of	of	ADP
ajfa-4336	307	8	an	an	DET
ajfa-4336	307	9	initial	initial	ADJ
ajfa-4336	307	10	going	go	VERB
ajfa-4336	307	11	-	-	PUNCT
ajfa-4336	307	12	concern	concern	NOUN
ajfa-4336	307	13	opinion	opinion	NOUN
ajfa-4336	307	14	(	(	PUNCT
ajfa-4336	307	15	igco	igco	NOUN
ajfa-4336	307	16	)	)	PUNCT
ajfa-4336	307	17	,	,	PUNCT
ajfa-4336	307	18	users	user	NOUN
ajfa-4336	307	19	of	of	ADP
ajfa-4336	307	20	financial	financial	ADJ
ajfa-4336	307	21	statements	statement	NOUN
ajfa-4336	307	22	concern	concern	NOUN
ajfa-4336	307	23	about	about	ADP
ajfa-4336	307	24	whether	whether	SCONJ
ajfa-4336	307	25	the	the	DET
ajfa-4336	307	26	firm	firm	NOUN
ajfa-4336	307	27	will	will	AUX
ajfa-4336	307	28	be	be	AUX
ajfa-4336	307	29	delisted	delist	VERB
ajfa-4336	307	30	from	from	ADP
ajfa-4336	307	31	the	the	DET
ajfa-4336	307	32	market	market	NOUN
ajfa-4336	307	33	,	,	PUNCT
ajfa-4336	307	34	or	or	CCONJ
ajfa-4336	307	35	it	it	PRON
ajfa-4336	307	36	will	will	AUX
ajfa-4336	307	37	depart	depart	VERB
ajfa-4336	307	38	from	from	ADP
ajfa-4336	307	39	financial	financial	ADJ
ajfa-4336	307	40	crisis	crisis	NOUN
ajfa-4336	307	41	and	and	CCONJ
ajfa-4336	307	42	continue	continue	VERB
ajfa-4336	307	43	its	its	PRON
ajfa-4336	307	44	operation	operation	NOUN
ajfa-4336	307	45	.	.	PUNCT
ajfa-4336	308	1	previous	previous	ADJ
ajfa-4336	308	2	studies	study	NOUN
ajfa-4336	308	3	suggest	suggest	VERB
ajfa-4336	308	4	employing	employ	VERB
ajfa-4336	308	5	the	the	DET
ajfa-4336	308	6	binary	binary	ADJ
ajfa-4336	308	7	choice	choice	NOUN
ajfa-4336	308	8	model	model	NOUN
ajfa-4336	308	9	as	as	ADP
ajfa-4336	308	10	a	a	DET
ajfa-4336	308	11	tool	tool	NOUN
ajfa-4336	308	12	for	for	ADP
ajfa-4336	308	13	auditors	auditor	NOUN
ajfa-4336	308	14	to	to	PART
ajfa-4336	308	15	evaluate	evaluate	VERB
ajfa-4336	308	16	the	the	DET
ajfa-4336	308	17	issue	issue	NOUN
ajfa-4336	308	18	of	of	ADP
ajfa-4336	308	19	going	go	VERB
ajfa-4336	308	20	-	-	PUNCT
ajfa-4336	308	21	concern	concern	NOUN
ajfa-4336	308	22	for	for	ADP
ajfa-4336	308	23	the	the	DET
ajfa-4336	308	24	firm	firm	NOUN
ajfa-4336	308	25	.	.	PUNCT
ajfa-4336	309	1	the	the	DET
ajfa-4336	309	2	choice	choice	NOUN
ajfa-4336	309	3	model	model	NOUN
ajfa-4336	309	4	is	be	AUX
ajfa-4336	309	5	used	use	VERB
ajfa-4336	309	6	to	to	PART
ajfa-4336	309	7	predict	predict	VERB
ajfa-4336	309	8	future	future	ADJ
ajfa-4336	309	9	business	business	NOUN
ajfa-4336	309	10	failure	failure	NOUN
ajfa-4336	309	11	possibility	possibility	NOUN
ajfa-4336	309	12	,	,	PUNCT
ajfa-4336	309	13	and	and	CCONJ
ajfa-4336	309	14	early	early	ADJ
ajfa-4336	309	15	relevant	relevant	ADJ
ajfa-4336	309	16	impacts	impact	NOUN
ajfa-4336	309	17	of	of	ADP
ajfa-4336	309	18	igco	igco	NOUN
ajfa-4336	309	19	.	.	PUNCT
ajfa-4336	310	1	on	on	ADP
ajfa-4336	310	2	the	the	DET
ajfa-4336	310	3	other	other	ADJ
ajfa-4336	310	4	hand	hand	NOUN
ajfa-4336	310	5	,	,	PUNCT
ajfa-4336	310	6	important	important	ADJ
ajfa-4336	310	7	issues	issue	NOUN
ajfa-4336	310	8	that	that	PRON
ajfa-4336	310	9	capital	capital	NOUN
ajfa-4336	310	10	markets	market	NOUN
ajfa-4336	310	11	concern	concern	NOUN
ajfa-4336	310	12	about	about	ADP
ajfa-4336	310	13	is	be	AUX
ajfa-4336	310	14	the	the	DET
ajfa-4336	310	15	occurring	occur	VERB
ajfa-4336	310	16	time	time	NOUN
ajfa-4336	310	17	for	for	ADP
ajfa-4336	310	18	delisting	delisting	NOUN
ajfa-4336	310	19	,	,	PUNCT
ajfa-4336	310	20	the	the	DET
ajfa-4336	310	21	maximum	maximum	ADJ
ajfa-4336	310	22	delisting	delisting	NOUN
ajfa-4336	310	23	probability	probability	NOUN
ajfa-4336	310	24	,	,	PUNCT
ajfa-4336	310	25	or	or	CCONJ
ajfa-4336	310	26	the	the	DET
ajfa-4336	310	27	length	length	NOUN
ajfa-4336	310	28	of	of	ADP
ajfa-4336	310	29	survival	survival	NOUN
ajfa-4336	310	30	period	period	NOUN
ajfa-4336	310	31	after	after	ADP
ajfa-4336	310	32	the	the	DET
ajfa-4336	310	33	opinion	opinion	NOUN
ajfa-4336	310	34	by	by	ADP
ajfa-4336	310	35	igco	igco	NOUN
ajfa-4336	310	36	firms	firm	NOUN
ajfa-4336	310	37	.	.	PUNCT
ajfa-4336	311	1	furthermore	furthermore	ADV
ajfa-4336	311	2	,	,	PUNCT
ajfa-4336	311	3	because	because	SCONJ
ajfa-4336	311	4	the	the	DET
ajfa-4336	311	5	binary	binary	PROPN
ajfa-4336	311	6	choice	choice	NOUN
ajfa-4336	311	7	model	model	NOUN
ajfa-4336	311	8	can	can	AUX
ajfa-4336	311	9	only	only	ADV
ajfa-4336	311	10	simply	simply	ADV
ajfa-4336	311	11	to	to	PART
ajfa-4336	311	12	predict	predict	VERB
ajfa-4336	311	13	the	the	DET
ajfa-4336	311	14	maximum	maximum	ADJ
ajfa-4336	311	15	delisting	delisting	NOUN
ajfa-4336	311	16	probability	probability	NOUN
ajfa-4336	311	17	,	,	PUNCT
ajfa-4336	311	18	the	the	DET
ajfa-4336	311	19	timing	timing	NOUN
ajfa-4336	311	20	process	process	NOUN
ajfa-4336	311	21	for	for	ADP
ajfa-4336	311	22	delisting	delisting	NOUN
ajfa-4336	311	23	can	can	AUX
ajfa-4336	311	24	not	not	PART
ajfa-4336	311	25	be	be	AUX
ajfa-4336	311	26	fully	fully	ADV
ajfa-4336	311	27	understood	understand	VERB
ajfa-4336	311	28	,	,	PUNCT
ajfa-4336	311	29	which	which	PRON
ajfa-4336	311	30	may	may	AUX
ajfa-4336	311	31	lower	lower	VERB
ajfa-4336	311	32	the	the	DET
ajfa-4336	311	33	prevention	prevention	NOUN
ajfa-4336	311	34	and	and	CCONJ
ajfa-4336	311	35	treatment	treatment	NOUN
ajfa-4336	311	36	function	function	NOUN
ajfa-4336	311	37	in	in	ADP
ajfa-4336	311	38	crisis	crisis	NOUN
ajfa-4336	311	39	forecasting	forecasting	NOUN
ajfa-4336	311	40	models	model	NOUN
ajfa-4336	311	41	.	.	PUNCT
ajfa-4336	312	1	we	we	PRON
ajfa-4336	312	2	employ	employ	VERB
ajfa-4336	312	3	the	the	DET
ajfa-4336	312	4	proportional	proportional	ADJ
ajfa-4336	312	5	hazard	hazard	NOUN
ajfa-4336	312	6	model	model	NOUN
ajfa-4336	312	7	on	on	ADP
ajfa-4336	312	8	the	the	DET
ajfa-4336	312	9	sample	sample	NOUN
ajfa-4336	312	10	of	of	ADP
ajfa-4336	312	11	taiwan	taiwan	PROPN
ajfa-4336	312	12	igco	igco	NOUN
ajfa-4336	312	13	delisting	delist	VERB
ajfa-4336	312	14	firms	firm	NOUN
ajfa-4336	312	15	to	to	PART
ajfa-4336	312	16	discuss	discuss	VERB
ajfa-4336	312	17	the	the	DET
ajfa-4336	312	18	delisting	delisting	ADJ
ajfa-4336	312	19	dynamic	dynamic	ADJ
ajfa-4336	312	20	process	process	NOUN
ajfa-4336	312	21	after	after	SCONJ
ajfa-4336	312	22	been	be	AUX
ajfa-4336	312	23	issued	issue	VERB
ajfa-4336	312	24	with	with	ADP
ajfa-4336	312	25	an	an	DET
ajfa-4336	312	26	igco	igco	NOUN
ajfa-4336	312	27	.	.	PUNCT
ajfa-4336	313	1	first	first	ADV
ajfa-4336	313	2	,	,	PUNCT
ajfa-4336	313	3	we	we	PRON
ajfa-4336	313	4	obtain	obtain	VERB
ajfa-4336	313	5	a	a	DET
ajfa-4336	313	6	life	life	NOUN
ajfa-4336	313	7	table	table	NOUN
ajfa-4336	313	8	from	from	ADP
ajfa-4336	313	9	the	the	DET
ajfa-4336	313	10	research	research	NOUN
ajfa-4336	313	11	period	period	NOUN
ajfa-4336	313	12	data	datum	NOUN
ajfa-4336	313	13	by	by	ADP
ajfa-4336	313	14	a	a	DET
ajfa-4336	313	15	non	non	ADJ
ajfa-4336	313	16	-	-	ADJ
ajfa-4336	313	17	parametric	parametric	ADJ
ajfa-4336	313	18	analysis	analysis	NOUN
ajfa-4336	313	19	and	and	CCONJ
ajfa-4336	313	20	learn	learn	VERB
ajfa-4336	313	21	that	that	SCONJ
ajfa-4336	313	22	after	after	ADP
ajfa-4336	313	23	38	38	NUM
ajfa-4336	313	24	asian	asian	ADJ
ajfa-4336	313	25	journal	journal	NOUN
ajfa-4336	313	26	of	of	ADP
ajfa-4336	313	27	finance	finance	PROPN
ajfa-4336	313	28	&	&	CCONJ
ajfa-4336	313	29	accounting	accounting	PROPN
ajfa-4336	313	30	issn	issn	PROPN
ajfa-4336	313	31	1946	1946	NUM
ajfa-4336	313	32	-	-	PUNCT
ajfa-4336	313	33	052x	052x	NOUN
ajfa-4336	313	34	2013	2013	NUM
ajfa-4336	313	35	,	,	PUNCT
ajfa-4336	313	36	vol	vol	NOUN
ajfa-4336	313	37	.	.	PROPN
ajfa-4336	314	1	5	5	NUM
ajfa-4336	314	2	,	,	PUNCT
ajfa-4336	314	3	no	no	INTJ
ajfa-4336	314	4	.	.	NOUN
ajfa-4336	314	5	2	2	NUM
ajfa-4336	314	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4336	314	7	157	157	NUM
ajfa-4336	314	8	quarters	quarter	NOUN
ajfa-4336	314	9	from	from	ADP
ajfa-4336	314	10	igco	igco	NOUN
ajfa-4336	314	11	issued	issue	VERB
ajfa-4336	314	12	,	,	PUNCT
ajfa-4336	314	13	the	the	DET
ajfa-4336	314	14	sample	sample	NOUN
ajfa-4336	314	15	has	have	VERB
ajfa-4336	314	16	a	a	DET
ajfa-4336	314	17	highest	high	ADJ
ajfa-4336	314	18	delisting	delisting	NOUN
ajfa-4336	314	19	probability	probability	NOUN
ajfa-4336	314	20	during	during	ADP
ajfa-4336	314	21	our	our	PRON
ajfa-4336	314	22	research	research	NOUN
ajfa-4336	314	23	period	period	NOUN
ajfa-4336	314	24	.	.	PUNCT
ajfa-4336	315	1	after	after	SCONJ
ajfa-4336	315	2	issued	issue	VERB
ajfa-4336	315	3	with	with	ADP
ajfa-4336	315	4	an	an	DET
ajfa-4336	315	5	igco	igco	NOUN
ajfa-4336	315	6	,	,	PUNCT
ajfa-4336	315	7	the	the	DET
ajfa-4336	315	8	delisting	delist	VERB
ajfa-4336	315	9	hazard	hazard	NOUN
ajfa-4336	315	10	period	period	NOUN
ajfa-4336	315	11	is	be	AUX
ajfa-4336	315	12	about	about	ADV
ajfa-4336	315	13	nine	nine	NUM
ajfa-4336	315	14	years	year	NOUN
ajfa-4336	315	15	,	,	PUNCT
ajfa-4336	315	16	with	with	ADP
ajfa-4336	315	17	a	a	DET
ajfa-4336	315	18	high	high	ADJ
ajfa-4336	315	19	delisting	delisting	NOUN
ajfa-4336	315	20	probability	probability	NOUN
ajfa-4336	315	21	of	of	ADP
ajfa-4336	315	22	10	10	NUM
ajfa-4336	315	23	%	%	NOUN
ajfa-4336	315	24	.	.	PUNCT
ajfa-4336	316	1	this	this	DET
ajfa-4336	316	2	paper	paper	NOUN
ajfa-4336	316	3	applies	apply	VERB
ajfa-4336	316	4	four	four	NUM
ajfa-4336	316	5	corporate	corporate	ADJ
ajfa-4336	316	6	structures	structure	NOUN
ajfa-4336	316	7	to	to	PART
ajfa-4336	316	8	measure	measure	VERB
ajfa-4336	316	9	impact	impact	NOUN
ajfa-4336	316	10	factors	factor	NOUN
ajfa-4336	316	11	on	on	ADP
ajfa-4336	316	12	the	the	DET
ajfa-4336	316	13	delisting	delisting	NOUN
ajfa-4336	316	14	function	function	NOUN
ajfa-4336	316	15	and	and	CCONJ
ajfa-4336	316	16	find	find	VERB
ajfa-4336	316	17	that	that	SCONJ
ajfa-4336	316	18	except	except	SCONJ
ajfa-4336	316	19	for	for	ADP
ajfa-4336	316	20	the	the	DET
ajfa-4336	316	21	ratios	ratio	NOUN
ajfa-4336	316	22	of	of	ADP
ajfa-4336	316	23	equity	equity	NOUN
ajfa-4336	316	24	to	to	AUX
ajfa-4336	316	25	total	total	ADJ
ajfa-4336	316	26	debts	debt	NOUN
ajfa-4336	316	27	and	and	CCONJ
ajfa-4336	316	28	retained	retain	VERB
ajfa-4336	316	29	earnings	earning	NOUN
ajfa-4336	316	30	to	to	ADP
ajfa-4336	316	31	total	total	ADJ
ajfa-4336	316	32	assets	asset	NOUN
ajfa-4336	316	33	,	,	PUNCT
ajfa-4336	316	34	explanatory	explanatory	ADJ
ajfa-4336	316	35	variables	variable	NOUN
ajfa-4336	316	36	in	in	ADP
ajfa-4336	316	37	corporate	corporate	ADJ
ajfa-4336	316	38	financial	financial	ADJ
ajfa-4336	316	39	structure	structure	NOUN
ajfa-4336	316	40	are	be	AUX
ajfa-4336	316	41	all	all	PRON
ajfa-4336	316	42	insignificant	insignificant	ADJ
ajfa-4336	316	43	factors	factor	NOUN
ajfa-4336	316	44	.	.	PUNCT
ajfa-4336	317	1	however	however	ADV
ajfa-4336	317	2	,	,	PUNCT
ajfa-4336	317	3	the	the	DET
ajfa-4336	317	4	pledged	pledge	VERB
ajfa-4336	317	5	share	share	NOUN
ajfa-4336	317	6	ratio	ratio	NOUN
ajfa-4336	317	7	of	of	ADP
ajfa-4336	317	8	directors	director	NOUN
ajfa-4336	317	9	’	'	PUNCT
ajfa-4336	317	10	and	and	CCONJ
ajfa-4336	317	11	supervisors	supervisor	NOUN
ajfa-4336	317	12	’	'	PUNCT
ajfa-4336	317	13	in	in	ADP
ajfa-4336	317	14	ownership	ownership	NOUN
ajfa-4336	317	15	structure	structure	NOUN
ajfa-4336	317	16	,	,	PUNCT
ajfa-4336	317	17	representing	represent	VERB
ajfa-4336	317	18	corporate	corporate	ADJ
ajfa-4336	317	19	governance	governance	NOUN
ajfa-4336	317	20	has	have	VERB
ajfa-4336	317	21	a	a	DET
ajfa-4336	317	22	significant	significant	ADJ
ajfa-4336	317	23	and	and	CCONJ
ajfa-4336	317	24	positive	positive	ADJ
ajfa-4336	317	25	impact	impact	NOUN
ajfa-4336	317	26	on	on	ADP
ajfa-4336	317	27	delisting	delist	VERB
ajfa-4336	317	28	.	.	PUNCT
ajfa-4336	318	1	generally	generally	ADV
ajfa-4336	318	2	,	,	PUNCT
ajfa-4336	318	3	objective	objective	ADJ
ajfa-4336	318	4	financial	financial	ADJ
ajfa-4336	318	5	information	information	NOUN
ajfa-4336	318	6	can	can	AUX
ajfa-4336	318	7	be	be	AUX
ajfa-4336	318	8	used	use	VERB
ajfa-4336	318	9	to	to	PART
ajfa-4336	318	10	measure	measure	VERB
ajfa-4336	318	11	operational	operational	ADJ
ajfa-4336	318	12	performance	performance	NOUN
ajfa-4336	318	13	.	.	PUNCT
ajfa-4336	319	1	auditors	auditor	NOUN
ajfa-4336	319	2	issue	issue	VERB
ajfa-4336	319	3	the	the	DET
ajfa-4336	319	4	going	go	VERB
ajfa-4336	319	5	-	-	PUNCT
ajfa-4336	319	6	concern	concern	NOUN
ajfa-4336	319	7	modified	modify	VERB
ajfa-4336	319	8	opinion	opinion	NOUN
ajfa-4336	319	9	based	base	VERB
ajfa-4336	319	10	on	on	ADP
ajfa-4336	319	11	their	their	PRON
ajfa-4336	319	12	professional	professional	ADJ
ajfa-4336	319	13	judgment	judgment	NOUN
ajfa-4336	319	14	about	about	ADP
ajfa-4336	319	15	clients	client	NOUN
ajfa-4336	319	16	’	'	PUNCT
ajfa-4336	319	17	financial	financial	ADJ
ajfa-4336	319	18	statements	statement	NOUN
ajfa-4336	319	19	and	and	CCONJ
ajfa-4336	319	20	relevant	relevant	ADJ
ajfa-4336	319	21	information	information	NOUN
ajfa-4336	319	22	.	.	PUNCT
ajfa-4336	320	1	when	when	SCONJ
ajfa-4336	320	2	such	such	DET
ajfa-4336	320	3	a	a	DET
ajfa-4336	320	4	modified	modify	VERB
ajfa-4336	320	5	igco	igco	NOUN
ajfa-4336	320	6	is	be	AUX
ajfa-4336	320	7	issued	issue	VERB
ajfa-4336	320	8	,	,	PUNCT
ajfa-4336	320	9	unhealthy	unhealthy	ADJ
ajfa-4336	320	10	financial	financial	ADJ
ajfa-4336	320	11	structure	structure	NOUN
ajfa-4336	320	12	of	of	ADP
ajfa-4336	320	13	the	the	DET
ajfa-4336	320	14	firm	firm	NOUN
ajfa-4336	320	15	has	have	AUX
ajfa-4336	320	16	already	already	ADV
ajfa-4336	320	17	existed	exist	VERB
ajfa-4336	320	18	for	for	ADP
ajfa-4336	320	19	a	a	DET
ajfa-4336	320	20	long	long	ADJ
ajfa-4336	320	21	time	time	NOUN
ajfa-4336	320	22	.	.	PUNCT
ajfa-4336	321	1	then	then	ADV
ajfa-4336	321	2	it	it	PRON
ajfa-4336	321	3	would	would	AUX
ajfa-4336	321	4	be	be	AUX
ajfa-4336	321	5	misled	mislead	VERB
ajfa-4336	321	6	by	by	ADP
ajfa-4336	321	7	these	these	DET
ajfa-4336	321	8	financials	financial	NOUN
ajfa-4336	321	9	to	to	PART
ajfa-4336	321	10	evaluate	evaluate	VERB
ajfa-4336	321	11	its	its	PRON
ajfa-4336	321	12	future	future	ADJ
ajfa-4336	321	13	operational	operational	ADJ
ajfa-4336	321	14	performance	performance	NOUN
ajfa-4336	321	15	.	.	PUNCT
ajfa-4336	322	1	by	by	ADP
ajfa-4336	322	2	assisting	assist	VERB
ajfa-4336	322	3	with	with	ADP
ajfa-4336	322	4	non	non	ADJ
ajfa-4336	322	5	-	-	ADJ
ajfa-4336	322	6	financial	financial	ADJ
ajfa-4336	322	7	information	information	NOUN
ajfa-4336	322	8	,	,	PUNCT
ajfa-4336	322	9	decisions	decision	NOUN
ajfa-4336	322	10	about	about	ADP
ajfa-4336	322	11	a	a	DET
ajfa-4336	322	12	delisting	delisting	NOUN
ajfa-4336	322	13	crisis	crisis	NOUN
ajfa-4336	322	14	for	for	ADP
ajfa-4336	322	15	igco	igco	NOUN
ajfa-4336	322	16	firms	firm	NOUN
ajfa-4336	322	17	can	can	AUX
ajfa-4336	322	18	be	be	AUX
ajfa-4336	322	19	evaluated	evaluate	VERB
ajfa-4336	322	20	.	.	PUNCT
ajfa-4336	323	1	among	among	ADP
ajfa-4336	323	2	our	our	PRON
ajfa-4336	323	3	results	result	NOUN
ajfa-4336	323	4	,	,	PUNCT
ajfa-4336	323	5	corporate	corporate	ADJ
ajfa-4336	323	6	governance	governance	NOUN
ajfa-4336	323	7	structure	structure	NOUN
ajfa-4336	323	8	is	be	AUX
ajfa-4336	323	9	proved	prove	VERB
ajfa-4336	323	10	to	to	PART
ajfa-4336	323	11	be	be	AUX
ajfa-4336	323	12	an	an	DET
ajfa-4336	323	13	important	important	ADJ
ajfa-4336	323	14	index	index	NOUN
ajfa-4336	323	15	.	.	PUNCT
ajfa-4336	324	1	however	however	ADV
ajfa-4336	324	2	,	,	PUNCT
ajfa-4336	324	3	our	our	PRON
ajfa-4336	324	4	results	result	NOUN
ajfa-4336	324	5	reflect	reflect	VERB
ajfa-4336	324	6	that	that	SCONJ
ajfa-4336	324	7	by	by	ADP
ajfa-4336	324	8	merely	merely	ADV
ajfa-4336	324	9	applying	apply	VERB
ajfa-4336	324	10	financial	financial	ADJ
ajfa-4336	324	11	information	information	NOUN
ajfa-4336	324	12	to	to	PART
ajfa-4336	324	13	evaluate	evaluate	VERB
ajfa-4336	324	14	factors	factor	NOUN
ajfa-4336	324	15	for	for	ADP
ajfa-4336	324	16	delisting	delist	VERB
ajfa-4336	324	17	in	in	ADP
ajfa-4336	324	18	taiwan	taiwan	PROPN
ajfa-4336	324	19	igco	igco	NOUN
ajfa-4336	324	20	sample	sample	NOUN
ajfa-4336	324	21	is	be	AUX
ajfa-4336	324	22	insufficient	insufficient	ADJ
ajfa-4336	324	23	.	.	PUNCT
ajfa-4336	325	1	more	more	ADV
ajfa-4336	325	2	importantly	importantly	ADV
ajfa-4336	325	3	,	,	PUNCT
ajfa-4336	325	4	the	the	DET
ajfa-4336	325	5	result	result	NOUN
ajfa-4336	325	6	shows	show	VERB
ajfa-4336	325	7	that	that	SCONJ
ajfa-4336	325	8	corporate	corporate	ADJ
ajfa-4336	325	9	governance	governance	NOUN
ajfa-4336	325	10	mechanism	mechanism	NOUN
ajfa-4336	325	11	is	be	AUX
ajfa-4336	325	12	related	relate	VERB
ajfa-4336	325	13	to	to	ADP
ajfa-4336	325	14	the	the	DET
ajfa-4336	325	15	issue	issue	NOUN
ajfa-4336	325	16	of	of	ADP
ajfa-4336	325	17	going	go	VERB
ajfa-4336	325	18	-	-	PUNCT
ajfa-4336	325	19	concern	concern	NOUN
ajfa-4336	325	20	operation	operation	NOUN
ajfa-4336	325	21	.	.	PUNCT
ajfa-4336	326	1	references	reference	NOUN
ajfa-4336	326	2	altman	altman	PROPN
ajfa-4336	326	3	,	,	PUNCT
ajfa-4336	326	4	e.	e.	PROPN
ajfa-4336	326	5	i.	i.	PROPN
ajfa-4336	326	6	,	,	PUNCT
ajfa-4336	326	7	&	&	CCONJ
ajfa-4336	326	8	t.	t.	PROPN
ajfa-4336	326	9	p.	p.	PROPN
ajfa-4336	326	10	mcgough	mcgough	PROPN
ajfa-4336	326	11	.	.	PUNCT
ajfa-4336	327	1	(	(	PUNCT
ajfa-4336	327	2	1974	1974	NUM
ajfa-4336	327	3	)	)	PUNCT
ajfa-4336	327	4	.	.	PUNCT
ajfa-4336	328	1	evaluation	evaluation	NOUN
ajfa-4336	328	2	of	of	ADP
ajfa-4336	328	3	a	a	DET
ajfa-4336	328	4	company	company	NOUN
ajfa-4336	328	5	as	as	ADP
ajfa-4336	328	6	a	a	DET
ajfa-4336	328	7	going	go	VERB
ajfa-4336	328	8	concern	concern	NOUN
ajfa-4336	328	9	.	.	PUNCT
ajfa-4336	329	1	journal	journal	PROPN
ajfa-4336	329	2	of	of	ADP
ajfa-4336	329	3	accountancy	accountancy	NOUN
ajfa-4336	329	4	,	,	PUNCT
ajfa-4336	329	5	50	50	NUM
ajfa-4336	329	6	-	-	SYM
ajfa-4336	329	7	57	57	NUM
ajfa-4336	329	8	.	.	PUNCT
ajfa-4336	330	1	altman	altman	PROPN
ajfa-4336	330	2	,	,	PUNCT
ajfa-4336	330	3	e.	e.	PROPN
ajfa-4336	330	4	i.	i.	PROPN
ajfa-4336	330	5	(	(	PUNCT
ajfa-4336	330	6	1982	1982	NUM
ajfa-4336	330	7	)	)	PUNCT
ajfa-4336	330	8	.	.	PUNCT
ajfa-4336	331	1	accounting	accounting	NOUN
ajfa-4336	331	2	implications	implication	NOUN
ajfa-4336	331	3	of	of	ADP
ajfa-4336	331	4	failure	failure	NOUN
ajfa-4336	331	5	prediction	prediction	NOUN
ajfa-4336	331	6	models	model	NOUN
ajfa-4336	331	7	.	.	PUNCT
ajfa-4336	332	1	journal	journal	NOUN
ajfa-4336	332	2	of	of	ADP
ajfa-4336	332	3	accounting	accounting	NOUN
ajfa-4336	332	4	,	,	PUNCT
ajfa-4336	332	5	auditing	auditing	NOUN
ajfa-4336	332	6	and	and	CCONJ
ajfa-4336	332	7	finance	finance	NOUN
ajfa-4336	332	8	,	,	PUNCT
ajfa-4336	332	9	4	4	NUM
ajfa-4336	332	10	-	-	SYM
ajfa-4336	332	11	19	19	NUM
ajfa-4336	332	12	.	.	PUNCT
ajfa-4336	333	1	bandopadhyaya	bandopadhyaya	NOUN
ajfa-4336	333	2	,	,	PUNCT
ajfa-4336	333	3	a.	a.	PROPN
ajfa-4336	333	4	,	,	PUNCT
ajfa-4336	333	5	&	&	CCONJ
ajfa-4336	333	6	s.	s.	PROPN
ajfa-4336	333	7	jaggia	jaggia	PROPN
ajfa-4336	333	8	.	.	PUNCT
ajfa-4336	334	1	(	(	PUNCT
ajfa-4336	334	2	2001	2001	NUM
ajfa-4336	334	3	)	)	PUNCT
ajfa-4336	334	4	.	.	PUNCT
ajfa-4336	335	1	an	an	DET
ajfa-4336	335	2	analysis	analysis	NOUN
ajfa-4336	335	3	of	of	ADP
ajfa-4336	335	4	second	second	ADJ
ajfa-4336	335	5	time	time	NOUN
ajfa-4336	335	6	around	around	ADP
ajfa-4336	335	7	bankruptcies	bankruptcy	NOUN
ajfa-4336	335	8	using	use	VERB
ajfa-4336	335	9	a	a	DET
ajfa-4336	335	10	split	split	ADJ
ajfa-4336	335	11	-	-	PUNCT
ajfa-4336	335	12	population	population	NOUN
ajfa-4336	335	13	duration	duration	NOUN
ajfa-4336	335	14	model	model	NOUN
ajfa-4336	335	15	.	.	PUNCT
ajfa-4336	336	1	journal	journal	PROPN
ajfa-4336	336	2	of	of	ADP
ajfa-4336	336	3	empirical	empirical	ADJ
ajfa-4336	336	4	finance	finance	NOUN
ajfa-4336	336	5	,	,	PUNCT
ajfa-4336	336	6	201	201	NUM
ajfa-4336	336	7	-	-	SYM
ajfa-4336	336	8	218	218	NUM
ajfa-4336	336	9	.	.	PUNCT
ajfa-4336	337	1	http://dx.doi.org/10.1016/s0927-5398(01)00023-8	http://dx.doi.org/10.1016/s0927-5398(01)00023-8	ADV
ajfa-4336	337	2	beaver	beaver	PROPN
ajfa-4336	337	3	,	,	PUNCT
ajfa-4336	337	4	w.	w.	PROPN
ajfa-4336	337	5	(	(	PUNCT
ajfa-4336	337	6	1996	1996	NUM
ajfa-4336	337	7	)	)	PUNCT
ajfa-4336	337	8	.	.	PUNCT
ajfa-4336	338	1	financial	financial	ADJ
ajfa-4336	338	2	ratios	ratio	NOUN
ajfa-4336	338	3	as	as	ADP
ajfa-4336	338	4	predictors	predictor	NOUN
ajfa-4336	338	5	of	of	ADP
ajfa-4336	338	6	failure	failure	NOUN
ajfa-4336	338	7	.	.	PUNCT
ajfa-4336	339	1	journal	journal	NOUN
ajfa-4336	339	2	of	of	ADP
ajfa-4336	339	3	accounting	accounting	NOUN
ajfa-4336	339	4	research	research	NOUN
ajfa-4336	339	5	,	,	PUNCT
ajfa-4336	339	6	71	71	NUM
ajfa-4336	339	7	-	-	SYM
ajfa-4336	339	8	117	117	NUM
ajfa-4336	339	9	.	.	PUNCT
ajfa-4336	340	1	beneish	beneish	PROPN
ajfa-4336	340	2	,	,	PUNCT
ajfa-4336	340	3	m.	m.	PROPN
ajfa-4336	340	4	d.	d.	PROPN
ajfa-4336	340	5	(	(	PUNCT
ajfa-4336	340	6	1997	1997	NUM
ajfa-4336	340	7	)	)	PUNCT
ajfa-4336	340	8	.	.	PUNCT
ajfa-4336	341	1	detecting	detect	VERB
ajfa-4336	341	2	gaap	gaap	PROPN
ajfa-4336	341	3	violation	violation	NOUN
ajfa-4336	341	4	:	:	PUNCT
ajfa-4336	341	5	implications	implication	NOUN
ajfa-4336	341	6	for	for	ADP
ajfa-4336	341	7	assessing	assess	VERB
ajfa-4336	341	8	earnings	earning	NOUN
ajfa-4336	341	9	management	management	NOUN
ajfa-4336	341	10	among	among	ADP
ajfa-4336	341	11	firms	firm	NOUN
ajfa-4336	341	12	with	with	ADP
ajfa-4336	341	13	extreme	extreme	ADJ
ajfa-4336	341	14	financial	financial	ADJ
ajfa-4336	341	15	performance	performance	NOUN
ajfa-4336	341	16	.	.	PUNCT
ajfa-4336	342	1	journal	journal	NOUN
ajfa-4336	342	2	of	of	ADP
ajfa-4336	342	3	accounting	accounting	NOUN
ajfa-4336	342	4	and	and	CCONJ
ajfa-4336	342	5	public	public	ADJ
ajfa-4336	342	6	policy	policy	NOUN
ajfa-4336	342	7	,	,	PUNCT
ajfa-4336	342	8	271	271	NUM
ajfa-4336	342	9	-	-	SYM
ajfa-4336	342	10	309	309	NUM
ajfa-4336	342	11	.	.	PUNCT
ajfa-4336	343	1	http://dx.doi.org/10.1016/s0278-4254(97)00023-9	http://dx.doi.org/10.1016/s0278-4254(97)00023-9	ADJ
ajfa-4336	343	2	barnes	barne	NOUN
ajfa-4336	343	3	,	,	PUNCT
ajfa-4336	343	4	p.	p.	PROPN
ajfa-4336	343	5	,	,	PUNCT
ajfa-4336	343	6	&	&	CCONJ
ajfa-4336	343	7	hooi	hooi	PROPN
ajfa-4336	343	8	,	,	PUNCT
ajfa-4336	343	9	d.	d.	PROPN
ajfa-4336	343	10	(	(	PUNCT
ajfa-4336	343	11	1987	1987	NUM
ajfa-4336	343	12	)	)	PUNCT
ajfa-4336	343	13	.	.	PUNCT
ajfa-4336	344	1	the	the	DET
ajfa-4336	344	2	stranger	strange	ADJ
ajfa-4336	344	3	case	case	NOUN
ajfa-4336	344	4	of	of	ADP
ajfa-4336	344	5	the	the	DET
ajfa-4336	344	6	qualified	qualified	ADJ
ajfa-4336	344	7	success	success	NOUN
ajfa-4336	344	8	.	.	PUNCT
ajfa-4336	345	1	accountancy	accountancy	NOUN
ajfa-4336	345	2	,	,	PUNCT
ajfa-4336	345	3	32	32	NUM
ajfa-4336	345	4	-	-	SYM
ajfa-4336	345	5	33	33	NUM
ajfa-4336	345	6	.	.	PUNCT
ajfa-4336	346	1	casterella	casterella	PROPN
ajfa-4336	346	2	,	,	PUNCT
ajfa-4336	346	3	j.	j.	PROPN
ajfa-4336	346	4	r.	r.	PROPN
ajfa-4336	346	5	,	,	PUNCT
ajfa-4336	346	6	b.	b.	PROPN
ajfa-4336	346	7	l.	l.	PROPN
ajfa-4336	346	8	lewis	lewis	PROPN
ajfa-4336	346	9	,	,	PUNCT
ajfa-4336	346	10	&	&	CCONJ
ajfa-4336	346	11	p.	p.	PROPN
ajfa-4336	346	12	l.	l.	PROPN
ajfa-4336	346	13	walker	walker	PROPN
ajfa-4336	346	14	.	.	PUNCT
ajfa-4336	347	1	(	(	PUNCT
ajfa-4336	347	2	2001	2001	NUM
ajfa-4336	347	3	)	)	PUNCT
ajfa-4336	347	4	.	.	PUNCT
ajfa-4336	348	1	the	the	DET
ajfa-4336	348	2	relation	relation	NOUN
ajfa-4336	348	3	of	of	ADP
ajfa-4336	348	4	audit	audit	NOUN
ajfa-4336	348	5	opinion	opinion	NOUN
ajfa-4336	348	6	and	and	CCONJ
ajfa-4336	348	7	auditor	auditor	NOUN
ajfa-4336	348	8	change	change	NOUN
ajfa-4336	348	9	with	with	ADP
ajfa-4336	348	10	bankruptcy	bankruptcy	NOUN
ajfa-4336	348	11	emergence	emergence	NOUN
ajfa-4336	348	12	.	.	PUNCT
ajfa-4336	349	1	aaa	aaa	NOUN
ajfa-4336	349	2	audit	audit	NOUN
ajfa-4336	349	3	section	section	NOUN
ajfa-4336	349	4	midyear	midyear	NOUN
ajfa-4336	349	5	meeting	meeting	NOUN
ajfa-4336	349	6	.	.	PUNCT
ajfa-4336	350	1	citron	citron	NOUN
ajfa-4336	350	2	,	,	PUNCT
ajfa-4336	350	3	d.	d.	PROPN
ajfa-4336	350	4	b.	b.	PROPN
ajfa-4336	350	5	,	,	PUNCT
ajfa-4336	350	6	&	&	CCONJ
ajfa-4336	350	7	r.	r.	PROPN
ajfa-4336	350	8	j.	j.	PROPN
ajfa-4336	350	9	taffler	taffler	PROPN
ajfa-4336	350	10	.	.	PUNCT
ajfa-4336	351	1	(	(	PUNCT
ajfa-4336	351	2	1992	1992	NUM
ajfa-4336	351	3	)	)	PUNCT
ajfa-4336	351	4	.	.	PUNCT
ajfa-4336	352	1	the	the	DET
ajfa-4336	352	2	audit	audit	NOUN
ajfa-4336	352	3	report	report	NOUN
ajfa-4336	352	4	under	under	ADP
ajfa-4336	352	5	going	go	VERB
ajfa-4336	352	6	–	–	PUNCT
ajfa-4336	352	7	concern	concern	NOUN
ajfa-4336	352	8	uncertainties	uncertainty	NOUN
ajfa-4336	352	9	:	:	PUNCT
ajfa-4336	352	10	an	an	DET
ajfa-4336	352	11	empirical	empirical	ADJ
ajfa-4336	352	12	analysis	analysis	NOUN
ajfa-4336	352	13	.	.	PUNCT
ajfa-4336	353	1	accounting	accounting	NOUN
ajfa-4336	353	2	and	and	CCONJ
ajfa-4336	353	3	business	business	NOUN
ajfa-4336	353	4	research	research	NOUN
ajfa-4336	353	5	,	,	PUNCT
ajfa-4336	353	6	22(4	22(4	NUM
ajfa-4336	353	7	)	)	PUNCT
ajfa-4336	353	8	,	,	PUNCT
ajfa-4336	353	9	337	337	NUM
ajfa-4336	353	10	-	-	SYM
ajfa-4336	353	11	345	345	NUM
ajfa-4336	353	12	.	.	PUNCT
ajfa-4336	354	1	http://dx.doi.org/10.1080/00014788.1992.9729449	http://dx.doi.org/10.1080/00014788.1992.9729449	PROPN
ajfa-4336	354	2	asian	asian	PROPN
ajfa-4336	354	3	journal	journal	PROPN
ajfa-4336	354	4	of	of	ADP
ajfa-4336	354	5	finance	finance	PROPN
ajfa-4336	354	6	&	&	CCONJ
ajfa-4336	354	7	accounting	accounting	PROPN
ajfa-4336	354	8	issn	issn	PROPN
ajfa-4336	354	9	1946	1946	NUM
ajfa-4336	354	10	-	-	PUNCT
ajfa-4336	354	11	052x	052x	NOUN
ajfa-4336	354	12	2013	2013	NUM
ajfa-4336	354	13	,	,	PUNCT
ajfa-4336	354	14	vol	vol	NOUN
ajfa-4336	354	15	.	.	PROPN
ajfa-4336	354	16	5	5	NUM
ajfa-4336	354	17	,	,	PUNCT
ajfa-4336	354	18	no	no	INTJ
ajfa-4336	354	19	.	.	NOUN
ajfa-4336	354	20	2	2	NUM
ajfa-4336	354	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4336	354	22	158	158	NUM
ajfa-4336	354	23	chen	chen	PROPN
ajfa-4336	354	24	,	,	PUNCT
ajfa-4336	354	25	ko	ko	PROPN
ajfa-4336	354	26	,	,	PUNCT
ajfa-4336	354	27	&	&	CCONJ
ajfa-4336	354	28	j.	j.	PROPN
ajfa-4336	354	29	lee	lee	PROPN
ajfa-4336	354	30	.	.	PUNCT
ajfa-4336	355	1	(	(	PUNCT
ajfa-4336	355	2	1993	1993	NUM
ajfa-4336	355	3	)	)	PUNCT
ajfa-4336	355	4	.	.	PUNCT
ajfa-4336	356	1	financial	financial	ADJ
ajfa-4336	356	2	ratios	ratio	NOUN
ajfa-4336	356	3	and	and	CCONJ
ajfa-4336	356	4	corporate	corporate	ADJ
ajfa-4336	356	5	endurance	endurance	NOUN
ajfa-4336	356	6	:	:	PUNCT
ajfa-4336	356	7	a	a	DET
ajfa-4336	356	8	case	case	NOUN
ajfa-4336	356	9	of	of	ADP
ajfa-4336	356	10	the	the	DET
ajfa-4336	356	11	oil	oil	NOUN
ajfa-4336	356	12	and	and	CCONJ
ajfa-4336	356	13	gas	gas	NOUN
ajfa-4336	356	14	industry	industry	NOUN
ajfa-4336	356	15	.	.	PUNCT
ajfa-4336	357	1	contemporary	contemporary	ADJ
ajfa-4336	357	2	accounting	accounting	PROPN
ajfa-4336	357	3	research	research	NOUN
ajfa-4336	357	4	,	,	PUNCT
ajfa-4336	357	5	9(2	9(2	NUM
ajfa-4336	357	6	)	)	PUNCT
ajfa-4336	357	7	,	,	PUNCT
ajfa-4336	357	8	667	667	NUM
ajfa-4336	357	9	-	-	SYM
ajfa-4336	357	10	694	694	NUM
ajfa-4336	357	11	.	.	PUNCT
ajfa-4336	358	1	http://dx.doi.org/10.1111/j.1911-3846.1993.tb00903.x	http://dx.doi.org/10.1111/j.1911-3846.1993.tb00903.x	PROPN
ajfa-4336	358	2	deakin	deakin	PROPN
ajfa-4336	358	3	,	,	PUNCT
ajfa-4336	358	4	e.	e.	PROPN
ajfa-4336	358	5	b.	b.	PROPN
ajfa-4336	358	6	(	(	PUNCT
ajfa-4336	358	7	1972	1972	NUM
ajfa-4336	358	8	)	)	PUNCT
ajfa-4336	358	9	.	.	PUNCT
ajfa-4336	359	1	a	a	DET
ajfa-4336	359	2	discriminant	discriminant	ADJ
ajfa-4336	359	3	analysis	analysis	NOUN
ajfa-4336	359	4	of	of	ADP
ajfa-4336	359	5	predictors	predictor	NOUN
ajfa-4336	359	6	of	of	ADP
ajfa-4336	359	7	business	business	NOUN
ajfa-4336	359	8	failure	failure	NOUN
ajfa-4336	359	9	.	.	PUNCT
ajfa-4336	360	1	journal	journal	NOUN
ajfa-4336	360	2	of	of	ADP
ajfa-4336	360	3	accounting	accounting	NOUN
ajfa-4336	360	4	research	research	NOUN
ajfa-4336	360	5	,	,	PUNCT
ajfa-4336	360	6	167	167	NUM
ajfa-4336	360	7	-	-	SYM
ajfa-4336	360	8	179	179	NUM
ajfa-4336	360	9	.	.	PUNCT
ajfa-4336	361	1	http://dx.doi.org/10.2307/2490225	http://dx.doi.org/10.2307/2490225	PROPN
ajfa-4336	361	2	jensen	jensen	PROPN
ajfa-4336	361	3	,	,	PUNCT
ajfa-4336	361	4	m.	m.	NOUN
ajfa-4336	361	5	,	,	PUNCT
ajfa-4336	361	6	&	&	CCONJ
ajfa-4336	361	7	w.	w.	PROPN
ajfa-4336	361	8	meckling	meckling	PROPN
ajfa-4336	361	9	.	.	PUNCT
ajfa-4336	362	1	(	(	PUNCT
ajfa-4336	362	2	1976	1976	NUM
ajfa-4336	362	3	)	)	PUNCT
ajfa-4336	362	4	.	.	PUNCT
ajfa-4336	363	1	theory	theory	NOUN
ajfa-4336	363	2	of	of	ADP
ajfa-4336	363	3	the	the	DET
ajfa-4336	363	4	firm	firm	NOUN
ajfa-4336	363	5	:	:	PUNCT
ajfa-4336	363	6	managerial	managerial	ADJ
ajfa-4336	363	7	behavior	behavior	NOUN
ajfa-4336	363	8	agency	agency	NOUN
ajfa-4336	363	9	costs	cost	NOUN
ajfa-4336	363	10	and	and	CCONJ
ajfa-4336	363	11	ownership	ownership	NOUN
ajfa-4336	363	12	structure	structure	NOUN
ajfa-4336	363	13	.	.	PUNCT
ajfa-4336	364	1	journal	journal	NOUN
ajfa-4336	364	2	of	of	ADP
ajfa-4336	364	3	financial	financial	ADJ
ajfa-4336	364	4	economics	economic	NOUN
ajfa-4336	364	5	,	,	PUNCT
ajfa-4336	364	6	305	305	NUM
ajfa-4336	364	7	-	-	SYM
ajfa-4336	364	8	360	360	NUM
ajfa-4336	364	9	.	.	PUNCT
ajfa-4336	365	1	http://dx.doi.org/10.1016/0304-405x(76)90026-x	http://dx.doi.org/10.1016/0304-405x(76)90026-x	PROPN
ajfa-4336	365	2	koh	koh	PROPN
ajfa-4336	365	3	,	,	PUNCT
ajfa-4336	365	4	h.	h.	PROPN
ajfa-4336	365	5	c.	c.	PROPN
ajfa-4336	365	6	,	,	PUNCT
ajfa-4336	365	7	&	&	CCONJ
ajfa-4336	365	8	l.	l.	PROPN
ajfa-4336	365	9	n.	n.	PROPN
ajfa-4336	365	10	killough	killough	PROPN
ajfa-4336	365	11	.	.	PUNCT
ajfa-4336	365	12	(	(	PUNCT
ajfa-4336	365	13	1990	1990	NUM
ajfa-4336	365	14	)	)	PUNCT
ajfa-4336	365	15	.	.	PUNCT
ajfa-4336	366	1	the	the	DET
ajfa-4336	366	2	use	use	NOUN
ajfa-4336	366	3	of	of	ADP
ajfa-4336	366	4	multiple	multiple	ADJ
ajfa-4336	366	5	discriminant	discriminant	ADJ
ajfa-4336	366	6	analysis	analysis	NOUN
ajfa-4336	366	7	in	in	ADP
ajfa-4336	366	8	the	the	DET
ajfa-4336	366	9	assessment	assessment	NOUN
ajfa-4336	366	10	of	of	ADP
ajfa-4336	366	11	the	the	DET
ajfa-4336	366	12	going	go	VERB
ajfa-4336	366	13	-	-	PUNCT
ajfa-4336	366	14	concern	concern	NOUN
ajfa-4336	366	15	status	status	NOUN
ajfa-4336	366	16	of	of	ADP
ajfa-4336	366	17	an	an	DET
ajfa-4336	366	18	audit	audit	NOUN
ajfa-4336	366	19	client	client	NOUN
ajfa-4336	366	20	.	.	PUNCT
ajfa-4336	367	1	journal	journal	PROPN
ajfa-4336	367	2	of	of	ADP
ajfa-4336	367	3	business	business	NOUN
ajfa-4336	367	4	finance	finance	NOUN
ajfa-4336	367	5	and	and	CCONJ
ajfa-4336	367	6	accounting	accounting	NOUN
ajfa-4336	367	7	,	,	PUNCT
ajfa-4336	367	8	178	178	NUM
ajfa-4336	367	9	-	-	SYM
ajfa-4336	367	10	192	192	NUM
ajfa-4336	367	11	.	.	PUNCT
ajfa-4336	368	1	koh	koh	PROPN
ajfa-4336	368	2	,	,	PUNCT
ajfa-4336	368	3	h.	h.	PROPN
ajfa-4336	368	4	c.	c.	PROPN
ajfa-4336	368	5	(	(	PUNCT
ajfa-4336	368	6	1991	1991	NUM
ajfa-4336	368	7	)	)	PUNCT
ajfa-4336	368	8	.	.	PUNCT
ajfa-4336	369	1	model	model	NOUN
ajfa-4336	369	2	predictions	prediction	NOUN
ajfa-4336	369	3	and	and	CCONJ
ajfa-4336	369	4	auditor	auditor	NOUN
ajfa-4336	369	5	assessments	assessment	NOUN
ajfa-4336	369	6	of	of	ADP
ajfa-4336	369	7	going	go	VERB
ajfa-4336	369	8	-	-	PUNCT
ajfa-4336	369	9	concern	concern	NOUN
ajfa-4336	369	10	status	status	NOUN
ajfa-4336	369	11	.	.	PUNCT
ajfa-4336	370	1	accounting	accounting	NOUN
ajfa-4336	370	2	and	and	CCONJ
ajfa-4336	370	3	business	business	NOUN
ajfa-4336	370	4	research	research	NOUN
ajfa-4336	370	5	,	,	PUNCT
ajfa-4336	370	6	2l(4	2l(4	NUM
ajfa-4336	370	7	)	)	PUNCT
ajfa-4336	370	8	,	,	PUNCT
ajfa-4336	370	9	331	331	NUM
ajfa-4336	370	10	-	-	SYM
ajfa-4336	370	11	338	338	NUM
ajfa-4336	370	12	.	.	PUNCT
ajfa-4336	371	1	levitan	levitan	PROPN
ajfa-4336	371	2	,	,	PUNCT
ajfa-4336	371	3	a.	a.	NOUN
ajfa-4336	371	4	,	,	PUNCT
ajfa-4336	371	5	&	&	CCONJ
ajfa-4336	371	6	knoblett	knoblett	PROPN
ajfa-4336	371	7	,	,	PUNCT
ajfa-4336	371	8	j.	j.	PROPN
ajfa-4336	371	9	(	(	PUNCT
ajfa-4336	371	10	1985	1985	NUM
ajfa-4336	371	11	)	)	PUNCT
ajfa-4336	371	12	.	.	PUNCT
ajfa-4336	372	1	indicator	indicator	NOUN
ajfa-4336	372	2	of	of	ADP
ajfa-4336	372	3	exceptions	exception	NOUN
ajfa-4336	372	4	to	to	ADP
ajfa-4336	372	5	the	the	DET
ajfa-4336	372	6	going	go	VERB
ajfa-4336	372	7	concern	concern	NOUN
ajfa-4336	372	8	assumption	assumption	NOUN
ajfa-4336	372	9	.	.	PUNCT
ajfa-4336	373	1	auditing	auditing	NOUN
ajfa-4336	373	2	:	:	PUNCT
ajfa-4336	373	3	a	a	DET
ajfa-4336	373	4	journal	journal	NOUN
ajfa-4336	373	5	of	of	ADP
ajfa-4336	373	6	practice	practice	NOUN
ajfa-4336	373	7	&	&	CCONJ
ajfa-4336	373	8	theory	theory	NOUN
ajfa-4336	373	9	,	,	PUNCT
ajfa-4336	373	10	5	5	NUM
ajfa-4336	373	11	,	,	PUNCT
ajfa-4336	373	12	26	26	NUM
ajfa-4336	373	13	-	-	SYM
ajfa-4336	373	14	39	39	NUM
ajfa-4336	373	15	.	.	PUNCT
ajfa-4336	374	1	louwers	louwer	NOUN
ajfa-4336	374	2	,	,	PUNCT
ajfa-4336	374	3	t	t	PROPN
ajfa-4336	374	4	,	,	PUNCT
ajfa-4336	374	5	messina	messina	PROPN
ajfa-4336	374	6	,	,	PUNCT
ajfa-4336	374	7	f.	f.	PROPN
ajfa-4336	374	8	,	,	PUNCT
ajfa-4336	374	9	&	&	CCONJ
ajfa-4336	374	10	richard	richard	PROPN
ajfa-4336	374	11	,	,	PUNCT
ajfa-4336	374	12	m.	m.	NOUN
ajfa-4336	374	13	(	(	PUNCT
ajfa-4336	374	14	1999	1999	NUM
ajfa-4336	374	15	)	)	PUNCT
ajfa-4336	374	16	.	.	PUNCT
ajfa-4336	375	1	the	the	DET
ajfa-4336	375	2	auditors	auditor	NOUN
ajfa-4336	375	3	going	go	VERB
ajfa-4336	375	4	concern	concern	NOUN
ajfa-4336	375	5	disclosure	disclosure	NOUN
ajfa-4336	375	6	as	as	ADP
ajfa-4336	375	7	a	a	DET
ajfa-4336	375	8	self	self	NOUN
ajfa-4336	375	9	-	-	PUNCT
ajfa-4336	375	10	fulfilling	fulfil	VERB
ajfa-4336	375	11	prophecy	prophecy	NOUN
ajfa-4336	375	12	:	:	PUNCT
ajfa-4336	375	13	a	a	DET
ajfa-4336	375	14	discrete	discrete	ADJ
ajfa-4336	375	15	time	time	NOUN
ajfa-4336	375	16	survival	survival	NOUN
ajfa-4336	375	17	analysis	analysis	NOUN
ajfa-4336	375	18	.	.	PUNCT
ajfa-4336	376	1	decision	decision	NOUN
ajfa-4336	376	2	sciences	science	NOUN
ajfa-4336	376	3	,	,	PUNCT
ajfa-4336	376	4	30(3	30(3	NUM
ajfa-4336	376	5	)	)	PUNCT
ajfa-4336	376	6	,	,	PUNCT
ajfa-4336	376	7	805	805	NUM
ajfa-4336	376	8	-	-	SYM
ajfa-4336	376	9	824	824	NUM
ajfa-4336	376	10	.	.	PUNCT
ajfa-4336	377	1	http://dx.doi.org/10.1111/j.1540-5915.1999.tb00907.x	http://dx.doi.org/10.1111/j.1540-5915.1999.tb00907.x	PROPN
ajfa-4336	377	2	laporta	laporta	PROPN
ajfa-4336	377	3	,	,	PUNCT
ajfa-4336	377	4	r.	r.	PROPN
ajfa-4336	377	5	,	,	PUNCT
ajfa-4336	377	6	f.	f.	PROPN
ajfa-4336	377	7	lopez	lopez	PROPN
ajfa-4336	377	8	-	-	PUNCT
ajfa-4336	377	9	de	de	NOUN
ajfa-4336	377	10	-	-	NOUN
ajfa-4336	377	11	silanes	silane	NOUN
ajfa-4336	377	12	,	,	PUNCT
ajfa-4336	377	13	&	&	CCONJ
ajfa-4336	377	14	a.	a.	NOUN
ajfa-4336	377	15	shleifer	shleifer	PROPN
ajfa-4336	377	16	.	.	PUNCT
ajfa-4336	378	1	(	(	PUNCT
ajfa-4336	378	2	1999	1999	NUM
ajfa-4336	378	3	)	)	PUNCT
ajfa-4336	378	4	.	.	PUNCT
ajfa-4336	379	1	corporate	corporate	ADJ
ajfa-4336	379	2	ownership	ownership	NOUN
ajfa-4336	379	3	around	around	ADP
ajfa-4336	379	4	the	the	DET
ajfa-4336	379	5	world	world	NOUN
ajfa-4336	379	6	.	.	PUNCT
ajfa-4336	380	1	journal	journal	PROPN
ajfa-4336	380	2	of	of	ADP
ajfa-4336	380	3	finance	finance	NOUN
ajfa-4336	380	4	,	,	PUNCT
ajfa-4336	380	5	54	54	NUM
ajfa-4336	380	6	,	,	PUNCT
ajfa-4336	380	7	471	471	NUM
ajfa-4336	380	8	-	-	SYM
ajfa-4336	380	9	517	517	NUM
ajfa-4336	380	10	.	.	PUNCT
ajfa-4336	381	1	http://dx.doi.org/10.1111/0022-1082.00115	http://dx.doi.org/10.1111/0022-1082.00115	PROPN
ajfa-4336	381	2	lancaster	lancaster	PROPN
ajfa-4336	381	3	,	,	PUNCT
ajfa-4336	381	4	t.	t.	PROPN
ajfa-4336	381	5	(	(	PUNCT
ajfa-4336	381	6	1990	1990	NUM
ajfa-4336	381	7	)	)	PUNCT
ajfa-4336	381	8	.	.	PUNCT
ajfa-4336	382	1	the	the	DET
ajfa-4336	382	2	econometric	econometric	ADJ
ajfa-4336	382	3	analysis	analysis	NOUN
ajfa-4336	382	4	of	of	ADP
ajfa-4336	382	5	transition	transition	NOUN
ajfa-4336	382	6	data	datum	NOUN
ajfa-4336	382	7	.	.	PUNCT
ajfa-4336	383	1	brown	brown	PROPN
ajfa-4336	383	2	university	university	PROPN
ajfa-4336	383	3	.	.	PUNCT
ajfa-4336	384	1	pmcid	pmcid	PROPN
ajfa-4336	384	2	:	:	PUNCT
ajfa-4336	384	3	pmc53443	pmc53443	PROPN
ajfa-4336	384	4	zhang	zhang	PROPN
ajfa-4336	384	5	,	,	PUNCT
ajfa-4336	384	6	m.	m.	PROPN
ajfa-4336	384	7	w.	w.	PROPN
ajfa-4336	384	8	,	,	PUNCT
ajfa-4336	384	9	&	&	CCONJ
ajfa-4336	384	10	h.	h.	PROPN
ajfa-4336	384	11	suzanne	suzanne	PROPN
ajfa-4336	384	12	.	.	PUNCT
ajfa-4336	385	1	(	(	PUNCT
ajfa-4336	385	2	1997	1997	NUM
ajfa-4336	385	3	)	)	PUNCT
ajfa-4336	385	4	.	.	PUNCT
ajfa-4336	386	1	going	go	VERB
ajfa-4336	386	2	,	,	PUNCT
ajfa-4336	386	3	going	go	VERB
ajfa-4336	386	4	…	…	PUNCT
ajfa-4336	386	5	gone	gone	ADJ
ajfa-4336	386	6	?	?	PUNCT
ajfa-4336	386	7	is	be	AUX
ajfa-4336	386	8	a	a	DET
ajfa-4336	386	9	gcq	gcq	NOUN
ajfa-4336	386	10	a	a	DET
ajfa-4336	386	11	self	self	NOUN
ajfa-4336	386	12	–	–	PUNCT
ajfa-4336	386	13	fulfilling	fulfil	VERB
ajfa-4336	386	14	prophecy	prophecy	NOUN
ajfa-4336	386	15	.	.	PUNCT
ajfa-4336	387	1	australian	australian	ADJ
ajfa-4336	387	2	accountant	accountant	NOUN
ajfa-4336	387	3	,	,	PUNCT
ajfa-4336	387	4	22	22	NUM
ajfa-4336	387	5	-	-	SYM
ajfa-4336	387	6	23	23	NUM
ajfa-4336	387	7	.	.	PUNCT
ajfa-4336	388	1	nogler	nogler	NOUN
ajfa-4336	388	2	,	,	PUNCT
ajfa-4336	388	3	g.	g.	PROPN
ajfa-4336	388	4	e.	e.	PROPN
ajfa-4336	388	5	(	(	PUNCT
ajfa-4336	388	6	1995	1995	NUM
ajfa-4336	388	7	)	)	PUNCT
ajfa-4336	388	8	.	.	PUNCT
ajfa-4336	389	1	the	the	DET
ajfa-4336	389	2	resolution	resolution	NOUN
ajfa-4336	389	3	of	of	ADP
ajfa-4336	389	4	auditor	auditor	NOUN
ajfa-4336	389	5	going	go	VERB
ajfa-4336	389	6	concern	concern	NOUN
ajfa-4336	389	7	opinions	opinion	NOUN
ajfa-4336	389	8	.	.	PUNCT
ajfa-4336	390	1	auditing	audit	VERB
ajfa-4336	390	2	:	:	PUNCT
ajfa-4336	390	3	a	a	DET
ajfa-4336	390	4	journal	journal	NOUN
ajfa-4336	390	5	of	of	ADP
ajfa-4336	390	6	practices	practice	NOUN
ajfa-4336	390	7	&	&	CCONJ
ajfa-4336	390	8	theory	theory	NOUN
ajfa-4336	390	9	,	,	PUNCT
ajfa-4336	390	10	14(2	14(2	NUM
ajfa-4336	390	11	)	)	PUNCT
ajfa-4336	390	12	,	,	PUNCT
ajfa-4336	390	13	54	54	NUM
ajfa-4336	390	14	-	-	SYM
ajfa-4336	390	15	73	73	NUM
ajfa-4336	390	16	.	.	PUNCT
ajfa-4336	391	1	ohlson	ohlson	PROPN
ajfa-4336	391	2	,	,	PUNCT
ajfa-4336	391	3	j.	j.	PROPN
ajfa-4336	391	4	(	(	PUNCT
ajfa-4336	391	5	1980	1980	NUM
ajfa-4336	391	6	)	)	PUNCT
ajfa-4336	391	7	.	.	PUNCT
ajfa-4336	392	1	financial	financial	ADJ
ajfa-4336	392	2	ratios	ratio	NOUN
ajfa-4336	392	3	and	and	CCONJ
ajfa-4336	392	4	the	the	DET
ajfa-4336	392	5	probabilistic	probabilistic	ADJ
ajfa-4336	392	6	prediction	prediction	NOUN
ajfa-4336	392	7	of	of	ADP
ajfa-4336	392	8	bankruptcy	bankruptcy	NOUN
ajfa-4336	392	9	.	.	PUNCT
ajfa-4336	393	1	journal	journal	PROPN
ajfa-4336	393	2	of	of	ADP
ajfa-4336	393	3	accounting	accounting	NOUN
ajfa-4336	393	4	research	research	NOUN
ajfa-4336	393	5	,	,	PUNCT
ajfa-4336	393	6	18(1	18(1	NUM
ajfa-4336	393	7	)	)	PUNCT
ajfa-4336	393	8	,	,	PUNCT
ajfa-4336	393	9	109	109	NUM
ajfa-4336	393	10	-	-	SYM
ajfa-4336	393	11	131	131	NUM
ajfa-4336	393	12	.	.	PUNCT
ajfa-4336	394	1	http://dx.doi.org/10.2307/2490395	http://dx.doi.org/10.2307/2490395	PROPN
ajfa-4336	394	2	psaros	psaros	PROPN
ajfa-4336	394	3	,	,	PUNCT
ajfa-4336	394	4	j.	j.	PROPN
ajfa-4336	394	5	and	and	CCONJ
ajfa-4336	394	6	m.	m.	PROPN
ajfa-4336	394	7	zhang	zhang	PROPN
ajfa-4336	394	8	.	.	PUNCT
ajfa-4336	395	1	(	(	PUNCT
ajfa-4336	395	2	1994	1994	NUM
ajfa-4336	395	3	)	)	PUNCT
ajfa-4336	395	4	.	.	PUNCT
ajfa-4336	396	1	the	the	DET
ajfa-4336	396	2	going	go	VERB
ajfa-4336	396	3	concern	concern	NOUN
ajfa-4336	396	4	audit	audit	NOUN
ajfa-4336	396	5	opinion	opinion	NOUN
ajfa-4336	396	6	:	:	PUNCT
ajfa-4336	396	7	australian	australian	ADJ
ajfa-4336	396	8	evidence	evidence	NOUN
ajfa-4336	396	9	.	.	PUNCT
ajfa-4336	397	1	perspective	perspective	NOUN
ajfa-4336	397	2	on	on	ADP
ajfa-4336	397	3	contemporary	contemporary	ADJ
ajfa-4336	397	4	auditing	auditing	NOUN
ajfa-4336	397	5	,	,	PUNCT
ajfa-4336	397	6	39	39	NUM
ajfa-4336	397	7	-	-	SYM
ajfa-4336	397	8	46	46	NUM
ajfa-4336	397	9	.	.	PUNCT
ajfa-4336	398	1	cybinski	cybinski	NOUN
ajfa-4336	398	2	,	,	PUNCT
ajfa-4336	398	3	p.	p.	PROPN
ajfa-4336	398	4	,	,	PUNCT
ajfa-4336	398	5	&	&	CCONJ
ajfa-4336	398	6	w.	w.	PROPN
ajfa-4336	398	7	carolyn	carolyn	PROPN
ajfa-4336	398	8	.	.	PUNCT
ajfa-4336	399	1	(	(	PUNCT
ajfa-4336	399	2	2005	2005	NUM
ajfa-4336	399	3	)	)	PUNCT
ajfa-4336	399	4	.	.	PUNCT
ajfa-4336	400	1	the	the	DET
ajfa-4336	400	2	efficacy	efficacy	NOUN
ajfa-4336	400	3	of	of	ADP
ajfa-4336	400	4	auditor	auditor	PROPN
ajfa-4336	400	5	’s	’s	PART
ajfa-4336	400	6	going	go	VERB
ajfa-4336	400	7	–	–	PUNCT
ajfa-4336	400	8	concern	concern	NOUN
ajfa-4336	400	9	opinions	opinion	NOUN
ajfa-4336	400	10	compared	compare	VERB
ajfa-4336	400	11	with	with	ADP
ajfa-4336	400	12	a	a	DET
ajfa-4336	400	13	temporal	temporal	ADJ
ajfa-4336	400	14	and	and	CCONJ
ajfa-4336	400	15	an	an	DET
ajfa-4336	400	16	temporal	temporal	ADJ
ajfa-4336	400	17	bankruptcy	bankruptcy	NOUN
ajfa-4336	400	18	risk	risk	NOUN
ajfa-4336	400	19	model	model	NOUN
ajfa-4336	400	20	:	:	PUNCT
ajfa-4336	400	21	analyzing	analyze	VERB
ajfa-4336	400	22	u.s	u.s	PROPN
ajfa-4336	400	23	trade	trade	NOUN
ajfa-4336	400	24	and	and	CCONJ
ajfa-4336	400	25	service	service	NOUN
ajfa-4336	400	26	industry	industry	NOUN
ajfa-4336	400	27	failures	failure	VERB
ajfa-4336	400	28	1974	1974	NUM
ajfa-4336	400	29	-	-	SYM
ajfa-4336	400	30	1988	1988	NUM
ajfa-4336	400	31	.	.	PUNCT
ajfa-4336	401	1	pacific	pacific	PROPN
ajfa-4336	401	2	accounting	accounting	PROPN
ajfa-4336	401	3	review	review	PROPN
ajfa-4336	401	4	,	,	PUNCT
ajfa-4336	401	5	3	3	PROPN
ajfa-4336	401	6	-	-	SYM
ajfa-4336	401	7	36	36	NUM
ajfa-4336	401	8	.	.	PUNCT
ajfa-4336	402	1	schmidt	schmidt	PROPN
ajfa-4336	402	2	,	,	PUNCT
ajfa-4336	402	3	p.	p.	PROPN
ajfa-4336	402	4	,	,	PUNCT
ajfa-4336	402	5	&	&	CCONJ
ajfa-4336	402	6	a.	a.	PROPN
ajfa-4336	402	7	d.	d.	PROPN
ajfa-4336	402	8	witte	witte	PROPN
ajfa-4336	402	9	.	.	PUNCT
ajfa-4336	403	1	(	(	PUNCT
ajfa-4336	403	2	1989	1989	NUM
ajfa-4336	403	3	)	)	PUNCT
ajfa-4336	403	4	.	.	PUNCT
ajfa-4336	404	1	predicting	predict	VERB
ajfa-4336	404	2	criminal	criminal	ADJ
ajfa-4336	404	3	recidivism	recidivism	NOUN
ajfa-4336	404	4	using	use	VERB
ajfa-4336	404	5	split	split	ADJ
ajfa-4336	404	6	population	population	NOUN
ajfa-4336	404	7	survival	survival	NOUN
ajfa-4336	404	8	time	time	PROPN
ajfa-4336	404	9	model	model	PROPN
ajfa-4336	404	10	.	.	PUNCT
ajfa-4336	405	1	journal	journal	PROPN
ajfa-4336	405	2	of	of	ADP
ajfa-4336	405	3	econometrics	econometric	NOUN
ajfa-4336	405	4	,	,	PUNCT
ajfa-4336	405	5	40	40	NUM
ajfa-4336	405	6	,	,	PUNCT
ajfa-4336	405	7	141	141	NUM
ajfa-4336	405	8	-	-	SYM
ajfa-4336	405	9	159	159	NUM
ajfa-4336	405	10	.	.	PUNCT
ajfa-4336	406	1	http://dx.doi.org/10.1016/0304-4076(89)90034-1	http://dx.doi.org/10.1016/0304-4076(89)90034-1	PROPN