id	sid	tid	token	lemma	pos
ajfa-469	1	1	microsoft	microsoft	PROPN
ajfa-469	1	2	word	word	NOUN
ajfa-469	1	3	469	469	NUM
ajfa-469	1	4	-	-	SYM
ajfa-469	1	5	3514	3514	NUM
ajfa-469	1	6	-	-	SYM
ajfa-469	1	7	1	1	NUM
ajfa-469	1	8	-	-	PUNCT
ajfa-469	1	9	pb	pb	ADP
ajfa-469	1	10	asian	asian	ADJ
ajfa-469	1	11	journal	journal	NOUN
ajfa-469	1	12	of	of	ADP
ajfa-469	1	13	finance	finance	PROPN
ajfa-469	1	14	&	&	CCONJ
ajfa-469	1	15	accounting	accounting	PROPN
ajfa-469	1	16	issn	issn	PROPN
ajfa-469	1	17	1946	1946	NUM
ajfa-469	1	18	-	-	PUNCT
ajfa-469	1	19	052x	052x	NOUN
ajfa-469	1	20	2010	2010	NUM
ajfa-469	1	21	,	,	PUNCT
ajfa-469	1	22	vol	vol	NOUN
ajfa-469	1	23	.	.	PROPN
ajfa-469	1	24	2	2	NUM
ajfa-469	1	25	,	,	PUNCT
ajfa-469	1	26	no	no	INTJ
ajfa-469	1	27	.	.	NOUN
ajfa-469	1	28	2	2	NUM
ajfa-469	1	29	:	:	PUNCT
ajfa-469	1	30	e4	e4	PROPN
ajfa-469	1	31	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	1	32	55	55	NUM
ajfa-469	1	33	price	price	NOUN
ajfa-469	1	34	and	and	CCONJ
ajfa-469	1	35	volume	volume	NOUN
ajfa-469	1	36	effects	effect	NOUN
ajfa-469	1	37	associated	associate	VERB
ajfa-469	1	38	with	with	ADP
ajfa-469	1	39	index	index	NOUN
ajfa-469	1	40	additions	addition	NOUN
ajfa-469	1	41	:	:	PUNCT
ajfa-469	1	42	evidence	evidence	NOUN
ajfa-469	1	43	from	from	ADP
ajfa-469	1	44	the	the	DET
ajfa-469	1	45	indian	indian	ADJ
ajfa-469	1	46	stock	stock	NOUN
ajfa-469	1	47	market	market	NOUN
ajfa-469	1	48	srikanth	srikanth	PROPN
ajfa-469	1	49	parthasarathy	parthasarathy	PROPN
ajfa-469	1	50	research	research	NOUN
ajfa-469	1	51	scholar	scholar	NOUN
ajfa-469	1	52	,	,	PUNCT
ajfa-469	1	53	loyola	loyola	PROPN
ajfa-469	1	54	institute	institute	PROPN
ajfa-469	1	55	of	of	ADP
ajfa-469	1	56	business	business	PROPN
ajfa-469	1	57	administration	administration	PROPN
ajfa-469	1	58	university	university	PROPN
ajfa-469	1	59	of	of	ADP
ajfa-469	1	60	madras	madras	X
ajfa-469	1	61	(	(	PUNCT
ajfa-469	1	62	chennai	chennai	PROPN
ajfa-469	1	63	)	)	PUNCT
ajfa-469	1	64	loyola	loyola	PROPN
ajfa-469	1	65	college	college	NOUN
ajfa-469	1	66	,	,	PUNCT
ajfa-469	1	67	nungambakkam	nungambakkam	NOUN
ajfa-469	1	68	,	,	PUNCT
ajfa-469	1	69	chennai-34	chennai-34	PROPN
ajfa-469	1	70	,	,	PUNCT
ajfa-469	1	71	india	india	PROPN
ajfa-469	1	72	tel	tel	PROPN
ajfa-469	1	73	:	:	PUNCT
ajfa-469	1	74	91	91	NUM
ajfa-469	1	75	–	–	SYM
ajfa-469	1	76	909	909	NUM
ajfa-469	1	77	-	-	SYM
ajfa-469	1	78	413	413	NUM
ajfa-469	1	79	-	-	PUNCT
ajfa-469	1	80	5843	5843	NUM
ajfa-469	1	81	e	e	NOUN
ajfa-469	1	82	-	-	NOUN
ajfa-469	1	83	mail	mail	NOUN
ajfa-469	1	84	:	:	PUNCT
ajfa-469	1	85	psrikanth2011@gmail.com	psrikanth2011@gmail.com	X
ajfa-469	1	86	received	receive	VERB
ajfa-469	1	87	:	:	PUNCT
ajfa-469	1	88	2010	2010	NUM
ajfa-469	1	89	-	-	SYM
ajfa-469	1	90	09	09	NUM
ajfa-469	1	91	-	-	PUNCT
ajfa-469	1	92	16	16	NUM
ajfa-469	1	93	accepted	accept	VERB
ajfa-469	1	94	:	:	PUNCT
ajfa-469	1	95	2011	2011	NUM
ajfa-469	1	96	-	-	SYM
ajfa-469	1	97	05	05	NUM
ajfa-469	1	98	-	-	PUNCT
ajfa-469	1	99	18	18	NUM
ajfa-469	1	100	doi:10.5296	doi:10.5296	NOUN
ajfa-469	1	101	/	/	SYM
ajfa-469	1	102	ajfa.v2i2.469	ajfa.v2i2.469	NOUN
ajfa-469	1	103	abstract	abstract	NOUN
ajfa-469	1	104	this	this	DET
ajfa-469	1	105	study	study	NOUN
ajfa-469	1	106	investigates	investigate	VERB
ajfa-469	1	107	the	the	DET
ajfa-469	1	108	price	price	NOUN
ajfa-469	1	109	and	and	CCONJ
ajfa-469	1	110	volume	volume	NOUN
ajfa-469	1	111	effect	effect	NOUN
ajfa-469	1	112	of	of	ADP
ajfa-469	1	113	index	index	NOUN
ajfa-469	1	114	additions	addition	NOUN
ajfa-469	1	115	to	to	ADP
ajfa-469	1	116	the	the	DET
ajfa-469	1	117	benchmark	benchmark	ADJ
ajfa-469	1	118	nifty	nifty	ADJ
ajfa-469	1	119	index	index	NOUN
ajfa-469	1	120	for	for	ADP
ajfa-469	1	121	the	the	DET
ajfa-469	1	122	recent	recent	ADJ
ajfa-469	1	123	period	period	NOUN
ajfa-469	1	124	1999	1999	NUM
ajfa-469	1	125	-	-	SYM
ajfa-469	1	126	2010	2010	NUM
ajfa-469	1	127	in	in	ADP
ajfa-469	1	128	the	the	DET
ajfa-469	1	129	indian	indian	ADJ
ajfa-469	1	130	stock	stock	NOUN
ajfa-469	1	131	market	market	NOUN
ajfa-469	1	132	.	.	PUNCT
ajfa-469	2	1	this	this	DET
ajfa-469	2	2	study	study	NOUN
ajfa-469	2	3	evidences	evidence	VERB
ajfa-469	2	4	significant	significant	ADJ
ajfa-469	2	5	,	,	PUNCT
ajfa-469	2	6	positive	positive	ADJ
ajfa-469	2	7	permanent	permanent	ADJ
ajfa-469	2	8	abnormal	abnormal	ADJ
ajfa-469	2	9	returns	return	NOUN
ajfa-469	2	10	around	around	ADP
ajfa-469	2	11	index	index	NOUN
ajfa-469	2	12	announcement	announcement	NOUN
ajfa-469	2	13	and	and	CCONJ
ajfa-469	2	14	inclusion	inclusion	NOUN
ajfa-469	2	15	.	.	PUNCT
ajfa-469	3	1	the	the	DET
ajfa-469	3	2	support	support	NOUN
ajfa-469	3	3	for	for	ADP
ajfa-469	3	4	permanent	permanent	ADJ
ajfa-469	3	5	abnormal	abnormal	ADJ
ajfa-469	3	6	volume	volume	NOUN
ajfa-469	3	7	around	around	ADP
ajfa-469	3	8	index	index	NOUN
ajfa-469	3	9	additions	addition	NOUN
ajfa-469	3	10	is	be	AUX
ajfa-469	3	11	limited	limit	VERB
ajfa-469	3	12	at	at	ADP
ajfa-469	3	13	best	well	ADV
ajfa-469	3	14	.	.	PUNCT
ajfa-469	4	1	the	the	DET
ajfa-469	4	2	results	result	NOUN
ajfa-469	4	3	in	in	ADP
ajfa-469	4	4	this	this	DET
ajfa-469	4	5	study	study	NOUN
ajfa-469	4	6	do	do	AUX
ajfa-469	4	7	not	not	PART
ajfa-469	4	8	support	support	VERB
ajfa-469	4	9	either	either	CCONJ
ajfa-469	4	10	the	the	DET
ajfa-469	4	11	downward	downward	ADJ
ajfa-469	4	12	sloping	slope	VERB
ajfa-469	4	13	demand	demand	NOUN
ajfa-469	4	14	curve	curve	NOUN
ajfa-469	4	15	hypothesis	hypothesis	NOUN
ajfa-469	4	16	or	or	CCONJ
ajfa-469	4	17	the	the	DET
ajfa-469	4	18	price	price	NOUN
ajfa-469	4	19	pressure	pressure	NOUN
ajfa-469	4	20	hypothesis	hypothesis	NOUN
ajfa-469	4	21	as	as	ADP
ajfa-469	4	22	the	the	DET
ajfa-469	4	23	primary	primary	ADJ
ajfa-469	4	24	explanation	explanation	NOUN
ajfa-469	4	25	for	for	ADP
ajfa-469	4	26	the	the	DET
ajfa-469	4	27	index	index	NOUN
ajfa-469	4	28	inclusion	inclusion	NOUN
ajfa-469	4	29	effect	effect	NOUN
ajfa-469	4	30	.	.	PUNCT
ajfa-469	5	1	this	this	DET
ajfa-469	5	2	study	study	NOUN
ajfa-469	5	3	contributes	contribute	VERB
ajfa-469	5	4	to	to	ADP
ajfa-469	5	5	the	the	DET
ajfa-469	5	6	growing	grow	VERB
ajfa-469	5	7	literature	literature	NOUN
ajfa-469	5	8	on	on	ADP
ajfa-469	5	9	index	index	NOUN
ajfa-469	5	10	inclusion	inclusion	NOUN
ajfa-469	5	11	by	by	ADP
ajfa-469	5	12	providing	provide	VERB
ajfa-469	5	13	evidence	evidence	NOUN
ajfa-469	5	14	that	that	SCONJ
ajfa-469	5	15	stock	stock	NOUN
ajfa-469	5	16	addition	addition	NOUN
ajfa-469	5	17	to	to	ADP
ajfa-469	5	18	the	the	DET
ajfa-469	5	19	benchmark	benchmark	ADJ
ajfa-469	5	20	nifty	nifty	ADJ
ajfa-469	5	21	index	index	NOUN
ajfa-469	5	22	appears	appear	VERB
ajfa-469	5	23	to	to	PART
ajfa-469	5	24	convey	convey	VERB
ajfa-469	5	25	information	information	NOUN
ajfa-469	5	26	.	.	PUNCT
ajfa-469	6	1	keywords	keyword	NOUN
ajfa-469	6	2	:	:	PUNCT
ajfa-469	6	3	indian	indian	ADJ
ajfa-469	6	4	equity	equity	NOUN
ajfa-469	6	5	market	market	NOUN
ajfa-469	6	6	,	,	PUNCT
ajfa-469	6	7	nifty	nifty	ADJ
ajfa-469	6	8	index	index	NOUN
ajfa-469	6	9	additions	addition	NOUN
ajfa-469	6	10	,	,	PUNCT
ajfa-469	6	11	abnormal	abnormal	ADJ
ajfa-469	6	12	return	return	NOUN
ajfa-469	6	13	and	and	CCONJ
ajfa-469	6	14	volume	volume	NOUN
ajfa-469	6	15	,	,	PUNCT
ajfa-469	6	16	jel	jel	PROPN
ajfa-469	6	17	classification	classification	PROPN
ajfa-469	6	18	:	:	PUNCT
ajfa-469	6	19	g14	g14	PROPN
ajfa-469	6	20	,	,	PUNCT
ajfa-469	6	21	g15	g15	PROPN
ajfa-469	6	22	.	.	PROPN
ajfa-469	6	23	asian	asian	PROPN
ajfa-469	6	24	journal	journal	PROPN
ajfa-469	6	25	of	of	ADP
ajfa-469	6	26	finance	finance	PROPN
ajfa-469	6	27	&	&	CCONJ
ajfa-469	6	28	accounting	accounting	PROPN
ajfa-469	6	29	issn	issn	PROPN
ajfa-469	6	30	1946	1946	NUM
ajfa-469	6	31	-	-	PUNCT
ajfa-469	6	32	052x	052x	NOUN
ajfa-469	6	33	2010	2010	NUM
ajfa-469	6	34	,	,	PUNCT
ajfa-469	6	35	vol	vol	NOUN
ajfa-469	6	36	.	.	PROPN
ajfa-469	6	37	2	2	NUM
ajfa-469	6	38	,	,	PUNCT
ajfa-469	6	39	no	no	INTJ
ajfa-469	6	40	.	.	NOUN
ajfa-469	6	41	2	2	NUM
ajfa-469	6	42	:	:	PUNCT
ajfa-469	6	43	e4	e4	PROPN
ajfa-469	6	44	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	6	45	56	56	NUM
ajfa-469	6	46	introduction	introduction	NOUN
ajfa-469	6	47	in	in	ADP
ajfa-469	6	48	the	the	DET
ajfa-469	6	49	past	past	ADJ
ajfa-469	6	50	decades	decade	NOUN
ajfa-469	6	51	,	,	PUNCT
ajfa-469	6	52	numerous	numerous	ADJ
ajfa-469	6	53	studies	study	NOUN
ajfa-469	6	54	have	have	AUX
ajfa-469	6	55	documented	document	VERB
ajfa-469	6	56	the	the	DET
ajfa-469	6	57	‘	'	PUNCT
ajfa-469	6	58	index	index	NOUN
ajfa-469	6	59	effects	effect	NOUN
ajfa-469	6	60	’	'	PUNCT
ajfa-469	6	61	associated	associate	VERB
ajfa-469	6	62	with	with	ADP
ajfa-469	6	63	stock	stock	NOUN
ajfa-469	6	64	index	index	NOUN
ajfa-469	6	65	changes	change	NOUN
ajfa-469	6	66	predominantly	predominantly	ADV
ajfa-469	6	67	in	in	ADP
ajfa-469	6	68	the	the	DET
ajfa-469	6	69	developed	develop	VERB
ajfa-469	6	70	markets	market	NOUN
ajfa-469	6	71	.	.	PUNCT
ajfa-469	7	1	the	the	DET
ajfa-469	7	2	included	include	VERB
ajfa-469	7	3	stocks	stock	NOUN
ajfa-469	7	4	experience	experience	VERB
ajfa-469	7	5	a	a	DET
ajfa-469	7	6	significant	significant	ADJ
ajfa-469	7	7	increase	increase	NOUN
ajfa-469	7	8	in	in	ADP
ajfa-469	7	9	prices	price	NOUN
ajfa-469	7	10	after	after	ADP
ajfa-469	7	11	the	the	DET
ajfa-469	7	12	announcement	announcement	NOUN
ajfa-469	7	13	and	and	CCONJ
ajfa-469	7	14	further	further	ADJ
ajfa-469	7	15	rise	rise	VERB
ajfa-469	7	16	around	around	ADP
ajfa-469	7	17	the	the	DET
ajfa-469	7	18	actual	actual	ADJ
ajfa-469	7	19	inclusion	inclusion	NOUN
ajfa-469	7	20	.	.	PUNCT
ajfa-469	8	1	though	though	SCONJ
ajfa-469	8	2	some	some	PRON
ajfa-469	8	3	of	of	ADP
ajfa-469	8	4	the	the	DET
ajfa-469	8	5	gain	gain	NOUN
ajfa-469	8	6	is	be	AUX
ajfa-469	8	7	lost	lose	VERB
ajfa-469	8	8	after	after	ADP
ajfa-469	8	9	inclusion	inclusion	NOUN
ajfa-469	8	10	,	,	PUNCT
ajfa-469	8	11	a	a	DET
ajfa-469	8	12	permanent	permanent	ADJ
ajfa-469	8	13	increase	increase	NOUN
ajfa-469	8	14	in	in	ADP
ajfa-469	8	15	return	return	NOUN
ajfa-469	8	16	is	be	AUX
ajfa-469	8	17	predominantly	predominantly	ADV
ajfa-469	8	18	evidenced	evidence	VERB
ajfa-469	8	19	over	over	ADP
ajfa-469	8	20	a	a	DET
ajfa-469	8	21	period	period	NOUN
ajfa-469	8	22	of	of	ADP
ajfa-469	8	23	time	time	NOUN
ajfa-469	8	24	.	.	PUNCT
ajfa-469	9	1	trading	trading	NOUN
ajfa-469	9	2	volumes	volume	NOUN
ajfa-469	9	3	also	also	ADV
ajfa-469	9	4	increase	increase	VERB
ajfa-469	9	5	significantly	significantly	ADV
ajfa-469	9	6	around	around	ADP
ajfa-469	9	7	announcement	announcement	NOUN
ajfa-469	9	8	and	and	CCONJ
ajfa-469	9	9	inclusion	inclusion	NOUN
ajfa-469	9	10	in	in	ADP
ajfa-469	9	11	the	the	DET
ajfa-469	9	12	developed	develop	VERB
ajfa-469	9	13	markets	market	NOUN
ajfa-469	9	14	.	.	PUNCT
ajfa-469	10	1	the	the	DET
ajfa-469	10	2	findings	finding	NOUN
ajfa-469	10	3	are	be	AUX
ajfa-469	10	4	not	not	PART
ajfa-469	10	5	consistent	consistent	ADJ
ajfa-469	10	6	with	with	ADP
ajfa-469	10	7	market	market	NOUN
ajfa-469	10	8	efficiency	efficiency	NOUN
ajfa-469	10	9	as	as	SCONJ
ajfa-469	10	10	index	index	NOUN
ajfa-469	10	11	changes	change	NOUN
ajfa-469	10	12	are	be	AUX
ajfa-469	10	13	made	make	VERB
ajfa-469	10	14	with	with	ADP
ajfa-469	10	15	apparently	apparently	ADV
ajfa-469	10	16	made	make	VERB
ajfa-469	10	17	with	with	ADP
ajfa-469	10	18	readily	readily	ADV
ajfa-469	10	19	available	available	ADJ
ajfa-469	10	20	public	public	ADJ
ajfa-469	10	21	information	information	NOUN
ajfa-469	10	22	,	,	PUNCT
ajfa-469	10	23	the	the	DET
ajfa-469	10	24	slow	slow	ADJ
ajfa-469	10	25	multiple	multiple	ADJ
ajfa-469	10	26	day	day	NOUN
ajfa-469	10	27	price	price	NOUN
ajfa-469	10	28	adjustments	adjustment	NOUN
ajfa-469	10	29	and	and	CCONJ
ajfa-469	10	30	volume	volume	NOUN
ajfa-469	10	31	effects	effect	NOUN
ajfa-469	10	32	around	around	ADP
ajfa-469	10	33	the	the	DET
ajfa-469	10	34	stock	stock	NOUN
ajfa-469	10	35	index	index	NOUN
ajfa-469	10	36	changes	change	NOUN
ajfa-469	10	37	directly	directly	ADV
ajfa-469	10	38	questions	question	VERB
ajfa-469	10	39	the	the	DET
ajfa-469	10	40	validity	validity	NOUN
ajfa-469	10	41	of	of	ADP
ajfa-469	10	42	semi	semi	ADJ
ajfa-469	10	43	-	-	ADJ
ajfa-469	10	44	strong	strong	ADJ
ajfa-469	10	45	efficiency	efficiency	NOUN
ajfa-469	10	46	which	which	PRON
ajfa-469	10	47	requires	require	VERB
ajfa-469	10	48	all	all	DET
ajfa-469	10	49	publicly	publicly	ADV
ajfa-469	10	50	available	available	ADJ
ajfa-469	10	51	information	information	NOUN
ajfa-469	10	52	to	to	PART
ajfa-469	10	53	be	be	AUX
ajfa-469	10	54	reflected	reflect	VERB
ajfa-469	10	55	in	in	ADP
ajfa-469	10	56	the	the	DET
ajfa-469	10	57	stock	stock	NOUN
ajfa-469	10	58	prices	price	NOUN
ajfa-469	10	59	quickly	quickly	ADV
ajfa-469	10	60	.	.	PUNCT
ajfa-469	11	1	researchers	researcher	NOUN
ajfa-469	11	2	have	have	AUX
ajfa-469	11	3	forwarded	forward	VERB
ajfa-469	11	4	various	various	ADJ
ajfa-469	11	5	hypotheses	hypothesis	NOUN
ajfa-469	11	6	to	to	PART
ajfa-469	11	7	explain	explain	VERB
ajfa-469	11	8	the	the	DET
ajfa-469	11	9	index	index	NOUN
ajfa-469	11	10	effects	effect	NOUN
ajfa-469	11	11	.	.	PUNCT
ajfa-469	12	1	they	they	PRON
ajfa-469	12	2	are	be	AUX
ajfa-469	12	3	broadly	broadly	ADV
ajfa-469	12	4	classified	classify	VERB
ajfa-469	12	5	into	into	ADP
ajfa-469	12	6	two	two	NUM
ajfa-469	12	7	groups	group	NOUN
ajfa-469	12	8	based	base	VERB
ajfa-469	12	9	on	on	ADP
ajfa-469	12	10	their	their	PRON
ajfa-469	12	11	assumption	assumption	NOUN
ajfa-469	12	12	of	of	ADP
ajfa-469	12	13	information	information	NOUN
ajfa-469	12	14	content	content	NOUN
ajfa-469	12	15	.	.	PUNCT
ajfa-469	13	1	the	the	DET
ajfa-469	13	2	first	first	ADJ
ajfa-469	13	3	group	group	NOUN
ajfa-469	13	4	assumes	assume	VERB
ajfa-469	13	5	that	that	SCONJ
ajfa-469	13	6	the	the	DET
ajfa-469	13	7	index	index	NOUN
ajfa-469	13	8	changes	change	NOUN
ajfa-469	13	9	does	do	AUX
ajfa-469	13	10	not	not	PART
ajfa-469	13	11	convey	convey	VERB
ajfa-469	13	12	any	any	DET
ajfa-469	13	13	information	information	NOUN
ajfa-469	13	14	and	and	CCONJ
ajfa-469	13	15	have	have	AUX
ajfa-469	13	16	attributed	attribute	VERB
ajfa-469	13	17	the	the	DET
ajfa-469	13	18	change	change	NOUN
ajfa-469	13	19	in	in	ADP
ajfa-469	13	20	price	price	NOUN
ajfa-469	13	21	to	to	ADP
ajfa-469	13	22	non	non	ADJ
ajfa-469	13	23	-	-	ADJ
ajfa-469	13	24	flat	flat	ADJ
ajfa-469	13	25	demand	demand	NOUN
ajfa-469	13	26	curve	curve	NOUN
ajfa-469	13	27	rather	rather	ADV
ajfa-469	13	28	than	than	ADP
ajfa-469	13	29	change	change	VERB
ajfa-469	13	30	in	in	ADP
ajfa-469	13	31	fundamental	fundamental	ADJ
ajfa-469	13	32	value	value	NOUN
ajfa-469	13	33	.	.	PUNCT
ajfa-469	14	1	in	in	ADP
ajfa-469	14	2	an	an	DET
ajfa-469	14	3	ideal	ideal	ADJ
ajfa-469	14	4	capital	capital	NOUN
ajfa-469	14	5	asset	asset	NOUN
ajfa-469	14	6	pricing	pricing	NOUN
ajfa-469	14	7	model	model	NOUN
ajfa-469	14	8	(	(	PUNCT
ajfa-469	14	9	capm	capm	PROPN
ajfa-469	14	10	)	)	PUNCT
ajfa-469	14	11	world	world	NOUN
ajfa-469	14	12	,	,	PUNCT
ajfa-469	14	13	stock	stock	NOUN
ajfa-469	14	14	prices	price	NOUN
ajfa-469	14	15	depend	depend	VERB
ajfa-469	14	16	on	on	ADP
ajfa-469	14	17	the	the	DET
ajfa-469	14	18	return	return	NOUN
ajfa-469	14	19	–	–	PUNCT
ajfa-469	14	20	risk	risk	NOUN
ajfa-469	14	21	characteristics	characteristic	NOUN
ajfa-469	14	22	.	.	PUNCT
ajfa-469	15	1	in	in	ADP
ajfa-469	15	2	an	an	DET
ajfa-469	15	3	information	information	NOUN
ajfa-469	15	4	free	free	ADJ
ajfa-469	15	5	event	event	NOUN
ajfa-469	15	6	,	,	PUNCT
ajfa-469	15	7	the	the	DET
ajfa-469	15	8	demand	demand	NOUN
ajfa-469	15	9	curve	curve	NOUN
ajfa-469	15	10	will	will	AUX
ajfa-469	15	11	be	be	AUX
ajfa-469	15	12	horizontal	horizontal	ADJ
ajfa-469	15	13	as	as	SCONJ
ajfa-469	15	14	the	the	DET
ajfa-469	15	15	investors	investor	NOUN
ajfa-469	15	16	can	can	AUX
ajfa-469	15	17	alter	alter	VERB
ajfa-469	15	18	their	their	PRON
ajfa-469	15	19	portfolio	portfolio	NOUN
ajfa-469	15	20	using	use	VERB
ajfa-469	15	21	near	near	ADV
ajfa-469	15	22	-	-	PUNCT
ajfa-469	15	23	perfect	perfect	ADJ
ajfa-469	15	24	substitutes	substitute	NOUN
ajfa-469	15	25	to	to	PART
ajfa-469	15	26	reflect	reflect	VERB
ajfa-469	15	27	their	their	PRON
ajfa-469	15	28	return	return	NOUN
ajfa-469	15	29	-	-	PUNCT
ajfa-469	15	30	risk	risk	NOUN
ajfa-469	15	31	profile	profile	NOUN
ajfa-469	15	32	.	.	PUNCT
ajfa-469	16	1	if	if	SCONJ
ajfa-469	16	2	perfect	perfect	ADJ
ajfa-469	16	3	substitutes	substitute	NOUN
ajfa-469	16	4	are	be	AUX
ajfa-469	16	5	not	not	PART
ajfa-469	16	6	available	available	ADJ
ajfa-469	16	7	,	,	PUNCT
ajfa-469	16	8	then	then	ADV
ajfa-469	16	9	a	a	DET
ajfa-469	16	10	shock	shock	NOUN
ajfa-469	16	11	leads	lead	VERB
ajfa-469	16	12	to	to	ADP
ajfa-469	16	13	a	a	DET
ajfa-469	16	14	permanent	permanent	ADJ
ajfa-469	16	15	stock	stock	NOUN
ajfa-469	16	16	price	price	NOUN
ajfa-469	16	17	change	change	NOUN
ajfa-469	16	18	as	as	SCONJ
ajfa-469	16	19	investors	investor	NOUN
ajfa-469	16	20	expect	expect	VERB
ajfa-469	16	21	compensation	compensation	NOUN
ajfa-469	16	22	in	in	ADP
ajfa-469	16	23	order	order	NOUN
ajfa-469	16	24	to	to	PART
ajfa-469	16	25	rebalance	rebalance	VERB
ajfa-469	16	26	their	their	PRON
ajfa-469	16	27	portfolios	portfolio	NOUN
ajfa-469	16	28	.	.	PUNCT
ajfa-469	17	1	an	an	DET
ajfa-469	17	2	index	index	NOUN
ajfa-469	17	3	changes	change	NOUN
ajfa-469	17	4	creates	create	VERB
ajfa-469	17	5	excess	excess	ADJ
ajfa-469	17	6	demand	demand	NOUN
ajfa-469	17	7	which	which	PRON
ajfa-469	17	8	can	can	AUX
ajfa-469	17	9	not	not	PART
ajfa-469	17	10	be	be	AUX
ajfa-469	17	11	satisfied	satisfied	ADJ
ajfa-469	17	12	without	without	ADP
ajfa-469	17	13	a	a	DET
ajfa-469	17	14	shift	shift	NOUN
ajfa-469	17	15	in	in	ADP
ajfa-469	17	16	the	the	DET
ajfa-469	17	17	demand	demand	NOUN
ajfa-469	17	18	curve	curve	NOUN
ajfa-469	17	19	as	as	SCONJ
ajfa-469	17	20	stocks	stock	NOUN
ajfa-469	17	21	are	be	AUX
ajfa-469	17	22	not	not	PART
ajfa-469	17	23	perfect	perfect	ADJ
ajfa-469	17	24	substitutes	substitute	NOUN
ajfa-469	17	25	(	(	PUNCT
ajfa-469	17	26	shiefler	shiefler	ADJ
ajfa-469	17	27	,	,	PUNCT
ajfa-469	17	28	1986	1986	NUM
ajfa-469	17	29	)	)	PUNCT
ajfa-469	17	30	.	.	PUNCT
ajfa-469	18	1	hence	hence	ADV
ajfa-469	18	2	the	the	DET
ajfa-469	18	3	abnormal	abnormal	ADJ
ajfa-469	18	4	returns	return	NOUN
ajfa-469	18	5	around	around	ADP
ajfa-469	18	6	the	the	DET
ajfa-469	18	7	inclusions	inclusion	NOUN
ajfa-469	18	8	are	be	AUX
ajfa-469	18	9	explained	explain	VERB
ajfa-469	18	10	by	by	ADP
ajfa-469	18	11	the	the	DET
ajfa-469	18	12	changes	change	NOUN
ajfa-469	18	13	in	in	ADP
ajfa-469	18	14	the	the	DET
ajfa-469	18	15	aggregate	aggregate	ADJ
ajfa-469	18	16	demand	demand	NOUN
ajfa-469	18	17	of	of	ADP
ajfa-469	18	18	the	the	DET
ajfa-469	18	19	stocks	stock	NOUN
ajfa-469	18	20	due	due	ADP
ajfa-469	18	21	to	to	ADP
ajfa-469	18	22	lack	lack	NOUN
ajfa-469	18	23	of	of	ADP
ajfa-469	18	24	perfect	perfect	ADJ
ajfa-469	18	25	substitutability	substitutability	NOUN
ajfa-469	18	26	and	and	CCONJ
ajfa-469	18	27	hence	hence	ADV
ajfa-469	18	28	downward	downward	ADJ
ajfa-469	18	29	sloping	slope	VERB
ajfa-469	18	30	demand	demand	NOUN
ajfa-469	18	31	curve	curve	NOUN
ajfa-469	18	32	.	.	PUNCT
ajfa-469	19	1	price	price	NOUN
ajfa-469	19	2	pressure	pressure	NOUN
ajfa-469	19	3	hypothesis	hypothesis	NOUN
ajfa-469	19	4	(	(	PUNCT
ajfa-469	19	5	harris	harris	NOUN
ajfa-469	19	6	and	and	CCONJ
ajfa-469	19	7	gurel	gurel	PROPN
ajfa-469	19	8	,	,	PUNCT
ajfa-469	19	9	1986	1986	NUM
ajfa-469	19	10	)	)	PUNCT
ajfa-469	19	11	too	too	ADV
ajfa-469	19	12	assumes	assume	VERB
ajfa-469	19	13	lack	lack	NOUN
ajfa-469	19	14	of	of	ADP
ajfa-469	19	15	information	information	NOUN
ajfa-469	19	16	in	in	ADP
ajfa-469	19	17	index	index	NOUN
ajfa-469	19	18	changes	change	NOUN
ajfa-469	19	19	and	and	CCONJ
ajfa-469	19	20	posits	posit	NOUN
ajfa-469	19	21	downward	downward	ADJ
ajfa-469	19	22	sloping	slope	VERB
ajfa-469	19	23	demand	demand	NOUN
ajfa-469	19	24	curve	curve	NOUN
ajfa-469	19	25	but	but	CCONJ
ajfa-469	19	26	only	only	ADV
ajfa-469	19	27	in	in	ADP
ajfa-469	19	28	the	the	DET
ajfa-469	19	29	short	short	ADJ
ajfa-469	19	30	term	term	NOUN
ajfa-469	19	31	.	.	PUNCT
ajfa-469	20	1	according	accord	VERB
ajfa-469	20	2	to	to	ADP
ajfa-469	20	3	this	this	DET
ajfa-469	20	4	hypothesis	hypothesis	NOUN
ajfa-469	20	5	,	,	PUNCT
ajfa-469	20	6	excess	excess	ADJ
ajfa-469	20	7	demand	demand	NOUN
ajfa-469	20	8	due	due	ADP
ajfa-469	20	9	to	to	ADP
ajfa-469	20	10	the	the	DET
ajfa-469	20	11	indexing	indexing	NOUN
ajfa-469	20	12	and	and	CCONJ
ajfa-469	20	13	institutional	institutional	ADJ
ajfa-469	20	14	investor	investor	NOUN
ajfa-469	20	15	activity	activity	NOUN
ajfa-469	20	16	creates	create	VERB
ajfa-469	20	17	price	price	NOUN
ajfa-469	20	18	pressure	pressure	NOUN
ajfa-469	20	19	and	and	CCONJ
ajfa-469	20	20	reverses	reverse	VERB
ajfa-469	20	21	once	once	ADV
ajfa-469	20	22	the	the	DET
ajfa-469	20	23	temporary	temporary	ADJ
ajfa-469	20	24	excess	excess	ADJ
ajfa-469	20	25	demand	demand	NOUN
ajfa-469	20	26	is	be	AUX
ajfa-469	20	27	satisfied	satisfied	ADJ
ajfa-469	20	28	.	.	PUNCT
ajfa-469	21	1	the	the	DET
ajfa-469	21	2	second	second	ADJ
ajfa-469	21	3	group	group	NOUN
ajfa-469	21	4	of	of	ADP
ajfa-469	21	5	explanations	explanation	NOUN
ajfa-469	21	6	assumes	assume	VERB
ajfa-469	21	7	that	that	SCONJ
ajfa-469	21	8	index	index	NOUN
ajfa-469	21	9	changes	change	NOUN
ajfa-469	21	10	convey	convey	VERB
ajfa-469	21	11	information	information	NOUN
ajfa-469	21	12	about	about	ADP
ajfa-469	21	13	the	the	DET
ajfa-469	21	14	stocks	stock	NOUN
ajfa-469	21	15	.	.	PUNCT
ajfa-469	22	1	the	the	DET
ajfa-469	22	2	index	index	NOUN
ajfa-469	22	3	inclusion	inclusion	NOUN
ajfa-469	22	4	has	have	VERB
ajfa-469	22	5	an	an	DET
ajfa-469	22	6	impact	impact	NOUN
ajfa-469	22	7	on	on	ADP
ajfa-469	22	8	the	the	DET
ajfa-469	22	9	fundamental	fundamental	ADJ
ajfa-469	22	10	value	value	NOUN
ajfa-469	22	11	of	of	ADP
ajfa-469	22	12	the	the	DET
ajfa-469	22	13	stock	stock	NOUN
ajfa-469	22	14	thereby	thereby	ADV
ajfa-469	22	15	in	in	ADP
ajfa-469	22	16	the	the	DET
ajfa-469	22	17	present	present	ADJ
ajfa-469	22	18	value	value	NOUN
ajfa-469	22	19	of	of	ADP
ajfa-469	22	20	the	the	DET
ajfa-469	22	21	discounted	discount	VERB
ajfa-469	22	22	cash	cash	NOUN
ajfa-469	22	23	flow	flow	NOUN
ajfa-469	22	24	.	.	PUNCT
ajfa-469	23	1	this	this	PRON
ajfa-469	23	2	can	can	AUX
ajfa-469	23	3	work	work	VERB
ajfa-469	23	4	through	through	ADP
ajfa-469	23	5	two	two	NUM
ajfa-469	23	6	ways	way	NOUN
ajfa-469	23	7	,	,	PUNCT
ajfa-469	23	8	namely	namely	ADV
ajfa-469	23	9	the	the	DET
ajfa-469	23	10	expected	expect	VERB
ajfa-469	23	11	cash	cash	NOUN
ajfa-469	23	12	flow	flow	NOUN
ajfa-469	23	13	or	or	CCONJ
ajfa-469	23	14	the	the	DET
ajfa-469	23	15	discount	discount	NOUN
ajfa-469	23	16	rate	rate	NOUN
ajfa-469	23	17	.	.	PUNCT
ajfa-469	24	1	the	the	DET
ajfa-469	24	2	explanations	explanation	NOUN
ajfa-469	24	3	for	for	ADP
ajfa-469	24	4	increase	increase	NOUN
ajfa-469	24	5	in	in	ADP
ajfa-469	24	6	cash	cash	NOUN
ajfa-469	24	7	flow	flow	NOUN
ajfa-469	24	8	may	may	AUX
ajfa-469	24	9	be	be	AUX
ajfa-469	24	10	the	the	DET
ajfa-469	24	11	certification	certification	NOUN
ajfa-469	24	12	hypothesis	hypothesis	NOUN
ajfa-469	24	13	supported	support	VERB
ajfa-469	24	14	by	by	ADP
ajfa-469	24	15	dhillon	dhillon	PROPN
ajfa-469	24	16	and	and	CCONJ
ajfa-469	24	17	johnson	johnson	PROPN
ajfa-469	24	18	(	(	PUNCT
ajfa-469	24	19	1991	1991	NUM
ajfa-469	24	20	)	)	PUNCT
ajfa-469	24	21	,	,	PUNCT
ajfa-469	24	22	jain(1987	jain(1987	NOUN
ajfa-469	24	23	)	)	PUNCT
ajfa-469	24	24	,	,	PUNCT
ajfa-469	24	25	in	in	ADP
ajfa-469	24	26	which	which	PRON
ajfa-469	24	27	the	the	DET
ajfa-469	24	28	stocks	stock	NOUN
ajfa-469	24	29	inclusion	inclusion	NOUN
ajfa-469	24	30	to	to	ADP
ajfa-469	24	31	the	the	DET
ajfa-469	24	32	nifty	nifty	ADJ
ajfa-469	24	33	index	index	NOUN
ajfa-469	24	34	may	may	AUX
ajfa-469	24	35	convey	convey	VERB
ajfa-469	24	36	positive	positive	ADJ
ajfa-469	24	37	information	information	NOUN
ajfa-469	24	38	regarding	regard	VERB
ajfa-469	24	39	the	the	DET
ajfa-469	24	40	future	future	ADJ
ajfa-469	24	41	prospects	prospect	NOUN
ajfa-469	24	42	of	of	ADP
ajfa-469	24	43	the	the	DET
ajfa-469	24	44	company	company	NOUN
ajfa-469	24	45	.	.	PUNCT
ajfa-469	25	1	denis	denis	PROPN
ajfa-469	25	2	et	et	PROPN
ajfa-469	25	3	al	al	PROPN
ajfa-469	25	4	.	.	PROPN
ajfa-469	25	5	(	(	PUNCT
ajfa-469	25	6	2003	2003	NUM
ajfa-469	25	7	)	)	PUNCT
ajfa-469	25	8	and	and	CCONJ
ajfa-469	25	9	chen	chen	PROPN
ajfa-469	25	10	et	et	PROPN
ajfa-469	25	11	al	al	PROPN
ajfa-469	25	12	(	(	PUNCT
ajfa-469	25	13	2004	2004	NUM
ajfa-469	25	14	)	)	PUNCT
ajfa-469	25	15	support	support	VERB
ajfa-469	25	16	the	the	DET
ajfa-469	25	17	investor	investor	NOUN
ajfa-469	25	18	awareness	awareness	NOUN
ajfa-469	25	19	hypothesis	hypothesis	NOUN
ajfa-469	25	20	which	which	PRON
ajfa-469	25	21	postulates	postulate	VERB
ajfa-469	25	22	that	that	SCONJ
ajfa-469	25	23	following	follow	VERB
ajfa-469	25	24	index	index	NOUN
ajfa-469	25	25	inclusions	inclusion	NOUN
ajfa-469	25	26	,	,	PUNCT
ajfa-469	25	27	investors	investor	NOUN
ajfa-469	25	28	change	change	VERB
ajfa-469	25	29	the	the	DET
ajfa-469	25	30	expectation	expectation	NOUN
ajfa-469	25	31	of	of	ADP
ajfa-469	25	32	future	future	ADJ
ajfa-469	25	33	cash	cash	NOUN
ajfa-469	25	34	flow	flow	NOUN
ajfa-469	25	35	of	of	ADP
ajfa-469	25	36	the	the	DET
ajfa-469	25	37	stocks	stock	NOUN
ajfa-469	25	38	as	as	SCONJ
ajfa-469	25	39	the	the	DET
ajfa-469	25	40	firms	firm	NOUN
ajfa-469	25	41	perform	perform	VERB
ajfa-469	25	42	better	well	ADV
ajfa-469	25	43	due	due	ADJ
ajfa-469	25	44	to	to	ADP
ajfa-469	25	45	enhanced	enhance	VERB
ajfa-469	25	46	monitoring	monitoring	NOUN
ajfa-469	25	47	by	by	ADP
ajfa-469	25	48	analysts	analyst	NOUN
ajfa-469	25	49	and	and	CCONJ
ajfa-469	25	50	investors	investor	NOUN
ajfa-469	25	51	.	.	PUNCT
ajfa-469	26	1	the	the	DET
ajfa-469	26	2	explanations	explanation	NOUN
ajfa-469	26	3	for	for	ADP
ajfa-469	26	4	decrease	decrease	NOUN
ajfa-469	26	5	in	in	ADP
ajfa-469	26	6	the	the	DET
ajfa-469	26	7	discount	discount	NOUN
ajfa-469	26	8	rate	rate	NOUN
ajfa-469	26	9	are	be	AUX
ajfa-469	26	10	liquidity	liquidity	NOUN
ajfa-469	26	11	hypothesis	hypothesis	NOUN
ajfa-469	26	12	,	,	PUNCT
ajfa-469	26	13	(	(	PUNCT
ajfa-469	26	14	amihud	amihud	PROPN
ajfa-469	26	15	and	and	CCONJ
ajfa-469	26	16	mendelson	mendelson	PROPN
ajfa-469	26	17	(	(	PUNCT
ajfa-469	26	18	1986	1986	NUM
ajfa-469	26	19	)	)	PUNCT
ajfa-469	26	20	and	and	CCONJ
ajfa-469	26	21	chordia	chordia	NOUN
ajfa-469	26	22	and	and	CCONJ
ajfa-469	26	23	subrahmanyam	subrahmanyam	PROPN
ajfa-469	26	24	(	(	PUNCT
ajfa-469	26	25	1998	1998	NUM
ajfa-469	26	26	)	)	PUNCT
ajfa-469	26	27	)	)	PUNCT
ajfa-469	27	1	according	accord	VERB
ajfa-469	27	2	to	to	ADP
ajfa-469	27	3	which	which	PRON
ajfa-469	27	4	liquidity	liquidity	NOUN
ajfa-469	27	5	and	and	CCONJ
ajfa-469	27	6	expected	expect	VERB
ajfa-469	27	7	returns	return	NOUN
ajfa-469	27	8	are	be	AUX
ajfa-469	27	9	negatively	negatively	ADV
ajfa-469	27	10	related	relate	VERB
ajfa-469	27	11	.	.	PUNCT
ajfa-469	28	1	chen	chen	PROPN
ajfa-469	28	2	et	et	PROPN
ajfa-469	28	3	al	al	PROPN
ajfa-469	28	4	(	(	PUNCT
ajfa-469	28	5	2004	2004	NUM
ajfa-469	28	6	)	)	PUNCT
ajfa-469	28	7	states	state	VERB
ajfa-469	28	8	that	that	SCONJ
ajfa-469	28	9	greater	great	ADJ
ajfa-469	28	10	interest	interest	NOUN
ajfa-469	28	11	for	for	ADP
ajfa-469	28	12	the	the	DET
ajfa-469	28	13	asian	asian	ADJ
ajfa-469	28	14	journal	journal	NOUN
ajfa-469	28	15	of	of	ADP
ajfa-469	28	16	finance	finance	PROPN
ajfa-469	28	17	&	&	CCONJ
ajfa-469	28	18	accounting	accounting	PROPN
ajfa-469	28	19	issn	issn	PROPN
ajfa-469	28	20	1946	1946	NUM
ajfa-469	28	21	-	-	PUNCT
ajfa-469	28	22	052x	052x	NOUN
ajfa-469	28	23	2010	2010	NUM
ajfa-469	28	24	,	,	PUNCT
ajfa-469	28	25	vol	vol	NOUN
ajfa-469	28	26	.	.	PROPN
ajfa-469	28	27	2	2	NUM
ajfa-469	28	28	,	,	PUNCT
ajfa-469	28	29	no	no	INTJ
ajfa-469	28	30	.	.	NOUN
ajfa-469	28	31	2	2	NUM
ajfa-469	28	32	:	:	PUNCT
ajfa-469	28	33	e4	e4	PROPN
ajfa-469	28	34	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-469	28	35	57	57	NUM
ajfa-469	28	36	index	index	NOUN
ajfa-469	28	37	stocks	stock	NOUN
ajfa-469	28	38	causes	cause	VERB
ajfa-469	28	39	greater	great	ADJ
ajfa-469	28	40	information	information	NOUN
ajfa-469	28	41	production	production	NOUN
ajfa-469	28	42	.	.	PUNCT
ajfa-469	29	1	this	this	PRON
ajfa-469	29	2	induces	induce	VERB
ajfa-469	29	3	a	a	DET
ajfa-469	29	4	reduction	reduction	NOUN
ajfa-469	29	5	in	in	ADP
ajfa-469	29	6	the	the	DET
ajfa-469	29	7	information	information	NOUN
ajfa-469	29	8	asymmetry	asymmetry	NOUN
ajfa-469	29	9	and	and	CCONJ
ajfa-469	29	10	causes	cause	VERB
ajfa-469	29	11	increased	increase	VERB
ajfa-469	29	12	liquidity	liquidity	NOUN
ajfa-469	29	13	.	.	PUNCT
ajfa-469	30	1	if	if	SCONJ
ajfa-469	30	2	some	some	DET
ajfa-469	30	3	investors	investor	NOUN
ajfa-469	30	4	know	know	VERB
ajfa-469	30	5	only	only	ADV
ajfa-469	30	6	a	a	DET
ajfa-469	30	7	subset	subset	NOUN
ajfa-469	30	8	of	of	ADP
ajfa-469	30	9	stocks	stock	NOUN
ajfa-469	30	10	and	and	CCONJ
ajfa-469	30	11	trade	trade	NOUN
ajfa-469	30	12	only	only	ADV
ajfa-469	30	13	those	those	DET
ajfa-469	30	14	stocks	stock	NOUN
ajfa-469	30	15	then	then	ADV
ajfa-469	30	16	those	those	DET
ajfa-469	30	17	investors	investor	NOUN
ajfa-469	30	18	will	will	AUX
ajfa-469	30	19	require	require	VERB
ajfa-469	30	20	a	a	DET
ajfa-469	30	21	premium	premium	NOUN
ajfa-469	30	22	called	call	VERB
ajfa-469	30	23	the	the	DET
ajfa-469	30	24	‘	'	PUNCT
ajfa-469	30	25	shadow	shadow	NOUN
ajfa-469	30	26	cost	cost	NOUN
ajfa-469	30	27	’	'	PUNCT
ajfa-469	30	28	for	for	ADP
ajfa-469	30	29	the	the	DET
ajfa-469	30	30	non	non	ADJ
ajfa-469	30	31	-	-	ADJ
ajfa-469	30	32	systematic	systematic	ADJ
ajfa-469	30	33	risk	risk	NOUN
ajfa-469	30	34	(	(	PUNCT
ajfa-469	30	35	merton,1987	merton,1987	NOUN
ajfa-469	30	36	)	)	PUNCT
ajfa-469	30	37	.	.	PUNCT
ajfa-469	31	1	there	there	PRON
ajfa-469	31	2	are	be	VERB
ajfa-469	31	3	few	few	ADJ
ajfa-469	31	4	studies	study	NOUN
ajfa-469	31	5	in	in	ADP
ajfa-469	31	6	the	the	DET
ajfa-469	31	7	emerging	emerge	VERB
ajfa-469	31	8	markets	market	NOUN
ajfa-469	31	9	like	like	ADP
ajfa-469	31	10	india	india	PROPN
ajfa-469	31	11	on	on	ADP
ajfa-469	31	12	index	index	NOUN
ajfa-469	31	13	changes	change	NOUN
ajfa-469	31	14	.	.	PUNCT
ajfa-469	32	1	the	the	DET
ajfa-469	32	2	importance	importance	NOUN
ajfa-469	32	3	of	of	ADP
ajfa-469	32	4	these	these	DET
ajfa-469	32	5	studies	study	NOUN
ajfa-469	32	6	in	in	ADP
ajfa-469	32	7	the	the	DET
ajfa-469	32	8	indian	indian	ADJ
ajfa-469	32	9	stock	stock	NOUN
ajfa-469	32	10	market	market	NOUN
ajfa-469	32	11	can	can	AUX
ajfa-469	32	12	be	be	AUX
ajfa-469	32	13	appreciated	appreciate	VERB
ajfa-469	32	14	based	base	VERB
ajfa-469	32	15	on	on	ADP
ajfa-469	32	16	the	the	DET
ajfa-469	32	17	fact	fact	NOUN
ajfa-469	32	18	that	that	SCONJ
ajfa-469	32	19	the	the	DET
ajfa-469	32	20	indian	indian	ADJ
ajfa-469	32	21	equity	equity	NOUN
ajfa-469	32	22	market	market	NOUN
ajfa-469	32	23	stood	stand	VERB
ajfa-469	32	24	13th	13th	NOUN
ajfa-469	32	25	in	in	ADP
ajfa-469	32	26	the	the	DET
ajfa-469	32	27	world	world	NOUN
ajfa-469	32	28	and	and	CCONJ
ajfa-469	32	29	4th	4th	ADJ
ajfa-469	32	30	in	in	ADP
ajfa-469	32	31	asia	asia	PROPN
ajfa-469	32	32	in	in	ADP
ajfa-469	32	33	terms	term	NOUN
ajfa-469	32	34	of	of	ADP
ajfa-469	32	35	both	both	DET
ajfa-469	32	36	traded	trade	VERB
ajfa-469	32	37	value	value	NOUN
ajfa-469	32	38	(	(	PUNCT
ajfa-469	32	39	$	$	SYM
ajfa-469	32	40	1050	1050	NUM
ajfa-469	32	41	bn	bn	NOUN
ajfa-469	32	42	during	during	ADP
ajfa-469	32	43	2008	2008	NUM
ajfa-469	32	44	)	)	PUNCT
ajfa-469	32	45	and	and	CCONJ
ajfa-469	32	46	market	market	NOUN
ajfa-469	32	47	capitalisation	capitalisation	NOUN
ajfa-469	32	48	(	(	PUNCT
ajfa-469	32	49	$	$	SYM
ajfa-469	32	50	645	645	NUM
ajfa-469	32	51	bn	bn	NOUN
ajfa-469	32	52	at	at	ADP
ajfa-469	32	53	the	the	DET
ajfa-469	32	54	year	year	NOUN
ajfa-469	32	55	end)1	end)1	PROPN
ajfa-469	32	56	in	in	ADP
ajfa-469	32	57	2008	2008	NUM
ajfa-469	32	58	.	.	PUNCT
ajfa-469	33	1	the	the	DET
ajfa-469	33	2	increasing	increase	VERB
ajfa-469	33	3	international	international	ADJ
ajfa-469	33	4	portfolio	portfolio	NOUN
ajfa-469	33	5	investment	investment	NOUN
ajfa-469	33	6	and	and	CCONJ
ajfa-469	33	7	participation	participation	NOUN
ajfa-469	33	8	provides	provide	VERB
ajfa-469	33	9	a	a	DET
ajfa-469	33	10	perfect	perfect	ADJ
ajfa-469	33	11	platform	platform	NOUN
ajfa-469	33	12	for	for	ADP
ajfa-469	33	13	gathering	gather	VERB
ajfa-469	33	14	information	information	NOUN
ajfa-469	33	15	about	about	ADP
ajfa-469	33	16	the	the	DET
ajfa-469	33	17	market	market	NOUN
ajfa-469	33	18	structure	structure	NOUN
ajfa-469	33	19	,	,	PUNCT
ajfa-469	33	20	efficiency	efficiency	NOUN
ajfa-469	33	21	and	and	CCONJ
ajfa-469	33	22	evidence	evidence	NOUN
ajfa-469	33	23	of	of	ADP
ajfa-469	33	24	the	the	DET
ajfa-469	33	25	integration	integration	NOUN
ajfa-469	33	26	mechanism	mechanism	NOUN
ajfa-469	33	27	with	with	ADP
ajfa-469	33	28	the	the	DET
ajfa-469	33	29	developed	develop	VERB
ajfa-469	33	30	markets	market	NOUN
ajfa-469	33	31	.	.	PUNCT
ajfa-469	34	1	the	the	DET
ajfa-469	34	2	indian	indian	ADJ
ajfa-469	34	3	stock	stock	NOUN
ajfa-469	34	4	market	market	NOUN
ajfa-469	34	5	differs	differ	VERB
ajfa-469	34	6	from	from	ADP
ajfa-469	34	7	the	the	DET
ajfa-469	34	8	developed	develop	VERB
ajfa-469	34	9	markets	market	NOUN
ajfa-469	34	10	in	in	ADP
ajfa-469	34	11	the	the	DET
ajfa-469	34	12	following	following	ADJ
ajfa-469	34	13	ways	way	NOUN
ajfa-469	34	14	;	;	PUNCT
ajfa-469	34	15	the	the	DET
ajfa-469	34	16	indian	indian	ADJ
ajfa-469	34	17	stock	stock	NOUN
ajfa-469	34	18	market1	market1	PROPN
ajfa-469	34	19	is	be	AUX
ajfa-469	34	20	characterized	characterize	VERB
ajfa-469	34	21	by	by	ADP
ajfa-469	34	22	less	less	ADJ
ajfa-469	34	23	informational	informational	ADJ
ajfa-469	34	24	efficiency	efficiency	NOUN
ajfa-469	34	25	,	,	PUNCT
ajfa-469	34	26	higher	high	ADJ
ajfa-469	34	27	costs	cost	NOUN
ajfa-469	34	28	,	,	PUNCT
ajfa-469	34	29	smaller	small	ADJ
ajfa-469	34	30	investor	investor	NOUN
ajfa-469	34	31	base	base	NOUN
ajfa-469	34	32	and	and	CCONJ
ajfa-469	34	33	lower	low	ADJ
ajfa-469	34	34	liquidity	liquidity	NOUN
ajfa-469	34	35	compared	compare	VERB
ajfa-469	34	36	with	with	ADP
ajfa-469	34	37	the	the	DET
ajfa-469	34	38	stock	stock	NOUN
ajfa-469	34	39	markets	market	NOUN
ajfa-469	34	40	of	of	ADP
ajfa-469	34	41	developed	develop	VERB
ajfa-469	34	42	countries	country	NOUN
ajfa-469	34	43	.	.	PUNCT
ajfa-469	35	1	finally	finally	ADV
ajfa-469	35	2	,	,	PUNCT
ajfa-469	35	3	unlike	unlike	ADP
ajfa-469	35	4	the	the	DET
ajfa-469	35	5	developed	develop	VERB
ajfa-469	35	6	markets	market	NOUN
ajfa-469	35	7	,	,	PUNCT
ajfa-469	35	8	there	there	PRON
ajfa-469	35	9	may	may	AUX
ajfa-469	35	10	be	be	AUX
ajfa-469	35	11	drastic	drastic	ADJ
ajfa-469	35	12	difference	difference	NOUN
ajfa-469	35	13	in	in	ADP
ajfa-469	35	14	the	the	DET
ajfa-469	35	15	quality	quality	NOUN
ajfa-469	35	16	of	of	ADP
ajfa-469	35	17	assets	asset	NOUN
ajfa-469	35	18	between	between	ADP
ajfa-469	35	19	benchmark	benchmark	NOUN
ajfa-469	35	20	index	index	NOUN
ajfa-469	35	21	and	and	CCONJ
ajfa-469	35	22	other	other	ADJ
ajfa-469	35	23	index	index	NOUN
ajfa-469	35	24	stocks	stock	NOUN
ajfa-469	35	25	.	.	PUNCT
ajfa-469	36	1	this	this	PRON
ajfa-469	36	2	is	be	AUX
ajfa-469	36	3	truer	true	ADJ
ajfa-469	36	4	for	for	ADP
ajfa-469	36	5	the	the	DET
ajfa-469	36	6	foreign	foreign	ADJ
ajfa-469	36	7	investors	investor	NOUN
ajfa-469	36	8	’	'	PUNCT
ajfa-469	36	9	as	as	SCONJ
ajfa-469	36	10	local	local	ADJ
ajfa-469	36	11	factors	factor	NOUN
ajfa-469	36	12	affect	affect	VERB
ajfa-469	36	13	pricing	price	VERB
ajfa-469	36	14	significantly	significantly	ADV
ajfa-469	36	15	.	.	PUNCT
ajfa-469	37	1	this	this	DET
ajfa-469	37	2	study	study	NOUN
ajfa-469	37	3	attempts	attempt	VERB
ajfa-469	37	4	to	to	PART
ajfa-469	37	5	enter	enter	VERB
ajfa-469	37	6	the	the	DET
ajfa-469	37	7	debate	debate	NOUN
ajfa-469	37	8	by	by	ADP
ajfa-469	37	9	studying	study	VERB
ajfa-469	37	10	index	index	NOUN
ajfa-469	37	11	inclusion	inclusion	NOUN
ajfa-469	37	12	effect	effect	NOUN
ajfa-469	37	13	in	in	ADP
ajfa-469	37	14	the	the	DET
ajfa-469	37	15	nifty	nifty	ADJ
ajfa-469	37	16	index	index	NOUN
ajfa-469	37	17	,	,	PUNCT
ajfa-469	37	18	premier	premier	ADJ
ajfa-469	37	19	benchmark	benchmark	NOUN
ajfa-469	37	20	index	index	NOUN
ajfa-469	37	21	in	in	ADP
ajfa-469	37	22	the	the	DET
ajfa-469	37	23	indian	indian	ADJ
ajfa-469	37	24	stock	stock	NOUN
ajfa-469	37	25	market	market	NOUN
ajfa-469	37	26	by	by	ADP
ajfa-469	37	27	focusing	focus	VERB
ajfa-469	37	28	on	on	ADP
ajfa-469	37	29	the	the	DET
ajfa-469	37	30	abnormal	abnormal	ADJ
ajfa-469	37	31	return	return	NOUN
ajfa-469	37	32	,	,	PUNCT
ajfa-469	37	33	volume	volume	NOUN
ajfa-469	37	34	and	and	CCONJ
ajfa-469	37	35	liquidity	liquidity	NOUN
ajfa-469	37	36	around	around	ADP
ajfa-469	37	37	two	two	NUM
ajfa-469	37	38	event	event	NOUN
ajfa-469	37	39	dates	date	VERB
ajfa-469	37	40	namely	namely	ADV
ajfa-469	37	41	‘	'	PUNCT
ajfa-469	37	42	announcement	announcement	NOUN
ajfa-469	37	43	date’(ad	date’(ad	NOUN
ajfa-469	37	44	)	)	PUNCT
ajfa-469	37	45	and	and	CCONJ
ajfa-469	37	46	the	the	DET
ajfa-469	37	47	’	'	PUNCT
ajfa-469	37	48	effective	effective	ADJ
ajfa-469	37	49	date’(ed	date’(ed	NOUN
ajfa-469	37	50	)	)	PUNCT
ajfa-469	37	51	.	.	PUNCT
ajfa-469	38	1	the	the	DET
ajfa-469	38	2	purpose	purpose	NOUN
ajfa-469	38	3	of	of	ADP
ajfa-469	38	4	this	this	DET
ajfa-469	38	5	study	study	NOUN
ajfa-469	38	6	is	be	AUX
ajfa-469	38	7	twofold	twofold	ADV
ajfa-469	38	8	:	:	PUNCT
ajfa-469	38	9	whether	whether	SCONJ
ajfa-469	38	10	abnormal	abnormal	ADJ
ajfa-469	38	11	returns	return	NOUN
ajfa-469	38	12	are	be	AUX
ajfa-469	38	13	permanent	permanent	ADJ
ajfa-469	38	14	and	and	CCONJ
ajfa-469	38	15	whether	whether	SCONJ
ajfa-469	38	16	nifty	nifty	ADJ
ajfa-469	38	17	index	index	NOUN
ajfa-469	38	18	changes	change	NOUN
ajfa-469	38	19	convey	convey	VERB
ajfa-469	38	20	information	information	NOUN
ajfa-469	38	21	.	.	PUNCT
ajfa-469	39	1	this	this	DET
ajfa-469	39	2	study	study	NOUN
ajfa-469	39	3	expects	expect	VERB
ajfa-469	39	4	index	index	NOUN
ajfa-469	39	5	addition	addition	NOUN
ajfa-469	39	6	to	to	PART
ajfa-469	39	7	cause	cause	VERB
ajfa-469	39	8	significant	significant	ADJ
ajfa-469	39	9	permanent	permanent	ADJ
ajfa-469	39	10	abnormal	abnormal	ADJ
ajfa-469	39	11	return	return	NOUN
ajfa-469	39	12	for	for	ADP
ajfa-469	39	13	the	the	DET
ajfa-469	39	14	added	add	VERB
ajfa-469	39	15	stocks	stock	NOUN
ajfa-469	39	16	and	and	CCONJ
ajfa-469	39	17	enters	enter	VERB
ajfa-469	39	18	the	the	DET
ajfa-469	39	19	debate	debate	NOUN
ajfa-469	39	20	by	by	ADP
ajfa-469	39	21	positing	posit	VERB
ajfa-469	39	22	that	that	SCONJ
ajfa-469	39	23	the	the	DET
ajfa-469	39	24	information	information	NOUN
ajfa-469	39	25	explanation	explanation	NOUN
ajfa-469	39	26	might	might	AUX
ajfa-469	39	27	explain	explain	VERB
ajfa-469	39	28	the	the	DET
ajfa-469	39	29	index	index	NOUN
ajfa-469	39	30	inclusions	inclusion	NOUN
ajfa-469	39	31	better	well	ADV
ajfa-469	39	32	in	in	ADP
ajfa-469	39	33	emerging	emerge	VERB
ajfa-469	39	34	market	market	NOUN
ajfa-469	39	35	like	like	ADP
ajfa-469	39	36	india	india	PROPN
ajfa-469	39	37	.	.	PUNCT
ajfa-469	40	1	this	this	DET
ajfa-469	40	2	study	study	NOUN
ajfa-469	40	3	makes	make	VERB
ajfa-469	40	4	two	two	NUM
ajfa-469	40	5	contributions	contribution	NOUN
ajfa-469	40	6	to	to	ADP
ajfa-469	40	7	the	the	DET
ajfa-469	40	8	growing	grow	VERB
ajfa-469	40	9	index	index	NOUN
ajfa-469	40	10	inclusion	inclusion	NOUN
ajfa-469	40	11	literature	literature	NOUN
ajfa-469	40	12	.	.	PUNCT
ajfa-469	41	1	first	first	ADV
ajfa-469	41	2	,	,	PUNCT
ajfa-469	41	3	it	it	PRON
ajfa-469	41	4	tests	test	VERB
ajfa-469	41	5	the	the	DET
ajfa-469	41	6	nifty	nifty	ADJ
ajfa-469	41	7	index	index	NOUN
ajfa-469	41	8	additions	addition	NOUN
ajfa-469	41	9	,	,	PUNCT
ajfa-469	41	10	premier	premier	ADJ
ajfa-469	41	11	index	index	NOUN
ajfa-469	41	12	of	of	ADP
ajfa-469	41	13	the	the	DET
ajfa-469	41	14	indian	indian	ADJ
ajfa-469	41	15	stock	stock	NOUN
ajfa-469	41	16	market	market	NOUN
ajfa-469	41	17	in	in	ADP
ajfa-469	41	18	the	the	DET
ajfa-469	41	19	current	current	ADJ
ajfa-469	41	20	period	period	NOUN
ajfa-469	41	21	.	.	PUNCT
ajfa-469	42	1	also	also	ADV
ajfa-469	42	2	very	very	ADV
ajfa-469	42	3	few	few	ADJ
ajfa-469	42	4	papers	paper	NOUN
ajfa-469	42	5	have	have	AUX
ajfa-469	42	6	focused	focus	VERB
ajfa-469	42	7	on	on	ADP
ajfa-469	42	8	the	the	DET
ajfa-469	42	9	information	information	NOUN
ajfa-469	42	10	aspect	aspect	NOUN
ajfa-469	42	11	in	in	ADP
ajfa-469	42	12	the	the	DET
ajfa-469	42	13	emerging	emerge	VERB
ajfa-469	42	14	markets	market	NOUN
ajfa-469	42	15	.	.	PUNCT
ajfa-469	43	1	the	the	DET
ajfa-469	43	2	second	second	ADJ
ajfa-469	43	3	section	section	NOUN
ajfa-469	43	4	details	detail	VERB
ajfa-469	43	5	the	the	DET
ajfa-469	43	6	theoretical	theoretical	ADJ
ajfa-469	43	7	explanations	explanation	NOUN
ajfa-469	43	8	and	and	CCONJ
ajfa-469	43	9	literature	literature	NOUN
ajfa-469	43	10	review	review	NOUN
ajfa-469	43	11	for	for	ADP
ajfa-469	43	12	the	the	DET
ajfa-469	43	13	index	index	NOUN
ajfa-469	43	14	inclusion	inclusion	NOUN
ajfa-469	43	15	effect	effect	NOUN
ajfa-469	43	16	.	.	PUNCT
ajfa-469	44	1	the	the	DET
ajfa-469	44	2	third	third	ADJ
ajfa-469	44	3	section	section	NOUN
ajfa-469	44	4	details	detail	VERB
ajfa-469	44	5	the	the	DET
ajfa-469	44	6	‘	'	PUNCT
ajfa-469	44	7	nifty	nifty	ADJ
ajfa-469	44	8	’	'	PUNCT
ajfa-469	44	9	index	index	NOUN
ajfa-469	44	10	selection	selection	NOUN
ajfa-469	44	11	process	process	NOUN
ajfa-469	44	12	and	and	CCONJ
ajfa-469	44	13	methodology	methodology	NOUN
ajfa-469	44	14	.	.	PUNCT
ajfa-469	45	1	the	the	DET
ajfa-469	45	2	fourth	fourth	ADJ
ajfa-469	45	3	section	section	NOUN
ajfa-469	45	4	gives	give	VERB
ajfa-469	45	5	the	the	DET
ajfa-469	45	6	findings	finding	NOUN
ajfa-469	45	7	and	and	CCONJ
ajfa-469	45	8	analysis	analysis	NOUN
ajfa-469	45	9	and	and	CCONJ
ajfa-469	45	10	the	the	DET
ajfa-469	45	11	fifth	fifth	ADJ
ajfa-469	45	12	section	section	NOUN
ajfa-469	45	13	concludes	conclude	VERB
ajfa-469	45	14	.	.	PUNCT
ajfa-469	46	1	2	2	X
ajfa-469	46	2	.	.	X
ajfa-469	46	3	review	review	NOUN
ajfa-469	46	4	of	of	ADP
ajfa-469	46	5	literature	literature	NOUN
ajfa-469	46	6	the	the	DET
ajfa-469	46	7	literature	literature	NOUN
ajfa-469	46	8	analyzing	analyze	VERB
ajfa-469	46	9	the	the	DET
ajfa-469	46	10	price	price	NOUN
ajfa-469	46	11	and	and	CCONJ
ajfa-469	46	12	volume	volume	NOUN
ajfa-469	46	13	effects	effect	NOUN
ajfa-469	46	14	of	of	ADP
ajfa-469	46	15	index	index	NOUN
ajfa-469	46	16	changes	change	NOUN
ajfa-469	46	17	is	be	AUX
ajfa-469	46	18	ever	ever	ADV
ajfa-469	46	19	growing	grow	VERB
ajfa-469	46	20	.	.	PUNCT
ajfa-469	47	1	the	the	DET
ajfa-469	47	2	existing	exist	VERB
ajfa-469	47	3	literature	literature	NOUN
ajfa-469	47	4	is	be	AUX
ajfa-469	47	5	grouped	group	VERB
ajfa-469	47	6	as	as	ADP
ajfa-469	47	7	per	per	ADP
ajfa-469	47	8	the	the	DET
ajfa-469	47	9	explanations	explanation	NOUN
ajfa-469	47	10	with	with	ADP
ajfa-469	47	11	the	the	DET
ajfa-469	47	12	studies	study	NOUN
ajfa-469	47	13	supporting	support	VERB
ajfa-469	47	14	information	information	NOUN
ajfa-469	47	15	free	free	ADJ
ajfa-469	47	16	hypothesis	hypothesis	NOUN
ajfa-469	47	17	given	give	VERB
ajfa-469	47	18	first	first	ADV
ajfa-469	47	19	.	.	PUNCT
ajfa-469	48	1	shiefler	shiefler	NOUN
ajfa-469	48	2	(	(	PUNCT
ajfa-469	48	3	1986	1986	NUM
ajfa-469	48	4	)	)	PUNCT
ajfa-469	48	5	studying	study	VERB
ajfa-469	48	6	changes	change	NOUN
ajfa-469	48	7	to	to	ADP
ajfa-469	48	8	the	the	DET
ajfa-469	48	9	s&p	s&p	PROPN
ajfa-469	48	10	500	500	NUM
ajfa-469	48	11	index	index	NOUN
ajfa-469	48	12	for	for	ADP
ajfa-469	48	13	the	the	DET
ajfa-469	48	14	period	period	NOUN
ajfa-469	48	15	1976	1976	NUM
ajfa-469	48	16	-	-	SYM
ajfa-469	48	17	1983	1983	NUM
ajfa-469	48	18	documented	document	VERB
ajfa-469	48	19	a	a	DET
ajfa-469	48	20	permanent	permanent	ADJ
ajfa-469	48	21	2.37	2.37	NUM
ajfa-469	48	22	%	%	NOUN
ajfa-469	48	23	abnormal	abnormal	ADJ
ajfa-469	48	24	return	return	NOUN
ajfa-469	48	25	and	and	CCONJ
ajfa-469	48	26	suggested	suggest	VERB
ajfa-469	48	27	dsdc	dsdc	NOUN
ajfa-469	48	28	1	1	NUM
ajfa-469	48	29	chakrabarti(2002	chakrabarti(2002	NOUN
ajfa-469	48	30	)	)	PUNCT
ajfa-469	48	31	and	and	CCONJ
ajfa-469	48	32	hacibedel(2008	hacibedel(2008	NOUN
ajfa-469	48	33	)	)	PUNCT
ajfa-469	48	34	have	have	AUX
ajfa-469	48	35	discussed	discuss	VERB
ajfa-469	48	36	the	the	DET
ajfa-469	48	37	differences	difference	NOUN
ajfa-469	48	38	between	between	ADP
ajfa-469	48	39	developed	develop	VERB
ajfa-469	48	40	and	and	CCONJ
ajfa-469	48	41	emerging	emerge	VERB
ajfa-469	48	42	markets	market	NOUN
ajfa-469	48	43	extensively	extensively	ADV
ajfa-469	48	44	.	.	PUNCT
ajfa-469	49	1	asian	asian	ADJ
ajfa-469	49	2	journal	journal	PROPN
ajfa-469	49	3	of	of	ADP
ajfa-469	49	4	finance	finance	PROPN
ajfa-469	49	5	&	&	CCONJ
ajfa-469	49	6	accounting	accounting	PROPN
ajfa-469	49	7	issn	issn	PROPN
ajfa-469	49	8	1946	1946	NUM
ajfa-469	49	9	-	-	PUNCT
ajfa-469	49	10	052x	052x	NOUN
ajfa-469	49	11	2010	2010	NUM
ajfa-469	49	12	,	,	PUNCT
ajfa-469	49	13	vol	vol	NOUN
ajfa-469	49	14	.	.	PROPN
ajfa-469	49	15	2	2	NUM
ajfa-469	49	16	,	,	PUNCT
ajfa-469	49	17	no	no	INTJ
ajfa-469	49	18	.	.	NOUN
ajfa-469	49	19	2	2	NUM
ajfa-469	49	20	:	:	PUNCT
ajfa-469	49	21	e4	e4	PROPN
ajfa-469	49	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	49	23	58	58	NUM
ajfa-469	49	24	hypothesis	hypothesis	NOUN
ajfa-469	49	25	as	as	ADP
ajfa-469	49	26	the	the	DET
ajfa-469	49	27	reason	reason	NOUN
ajfa-469	49	28	.	.	PUNCT
ajfa-469	50	1	lynch	lynch	PROPN
ajfa-469	50	2	and	and	CCONJ
ajfa-469	50	3	mendenhall	mendenhall	NOUN
ajfa-469	50	4	(	(	PUNCT
ajfa-469	50	5	1997	1997	NUM
ajfa-469	50	6	)	)	PUNCT
ajfa-469	50	7	studying	study	VERB
ajfa-469	50	8	s&p	s&p	PROPN
ajfa-469	50	9	500	500	NUM
ajfa-469	50	10	changes	change	NOUN
ajfa-469	50	11	for	for	ADP
ajfa-469	50	12	the	the	DET
ajfa-469	50	13	period	period	NOUN
ajfa-469	50	14	1990	1990	NUM
ajfa-469	50	15	-	-	SYM
ajfa-469	50	16	1995	1995	NUM
ajfa-469	50	17	documents	document	NOUN
ajfa-469	50	18	significant	significant	ADJ
ajfa-469	50	19	abnormal	abnormal	ADJ
ajfa-469	50	20	return	return	NOUN
ajfa-469	50	21	subsequent	subsequent	ADJ
ajfa-469	50	22	to	to	ADP
ajfa-469	50	23	the	the	DET
ajfa-469	50	24	announcement	announcement	NOUN
ajfa-469	50	25	.	.	PUNCT
ajfa-469	51	1	they	they	PRON
ajfa-469	51	2	evidenced	evidence	VERB
ajfa-469	51	3	part	part	NOUN
ajfa-469	51	4	reversal	reversal	NOUN
ajfa-469	51	5	consistent	consistent	ADJ
ajfa-469	51	6	with	with	ADP
ajfa-469	51	7	both	both	DET
ajfa-469	51	8	price	price	NOUN
ajfa-469	51	9	pressure	pressure	NOUN
ajfa-469	51	10	and	and	CCONJ
ajfa-469	51	11	dsdc	dsdc	NOUN
ajfa-469	51	12	hypothesis	hypothesis	NOUN
ajfa-469	51	13	.	.	PUNCT
ajfa-469	52	1	wurgler	wurgler	PROPN
ajfa-469	52	2	and	and	CCONJ
ajfa-469	52	3	zhuravskaya	zhuravskaya	PROPN
ajfa-469	52	4	(	(	PUNCT
ajfa-469	52	5	2002	2002	NUM
ajfa-469	52	6	)	)	PUNCT
ajfa-469	52	7	based	base	VERB
ajfa-469	52	8	on	on	ADP
ajfa-469	52	9	the	the	DET
ajfa-469	52	10	difficulty	difficulty	NOUN
ajfa-469	52	11	to	to	ADP
ajfa-469	52	12	arbitrage	arbitrage	NOUN
ajfa-469	52	13	in	in	ADP
ajfa-469	52	14	the	the	DET
ajfa-469	52	15	absence	absence	NOUN
ajfa-469	52	16	of	of	ADP
ajfa-469	52	17	perfect	perfect	ADJ
ajfa-469	52	18	substitutes	substitute	NOUN
ajfa-469	52	19	examined	examine	VERB
ajfa-469	52	20	the	the	DET
ajfa-469	52	21	announcement	announcement	NOUN
ajfa-469	52	22	returns	return	NOUN
ajfa-469	52	23	relative	relative	ADJ
ajfa-469	52	24	to	to	ADP
ajfa-469	52	25	a	a	DET
ajfa-469	52	26	arbitrage	arbitrage	NOUN
ajfa-469	52	27	measure	measure	NOUN
ajfa-469	52	28	and	and	CCONJ
ajfa-469	52	29	found	find	VERB
ajfa-469	52	30	support	support	NOUN
ajfa-469	52	31	for	for	ADP
ajfa-469	52	32	dsdc	dsdc	NOUN
ajfa-469	52	33	hypothesis	hypothesis	NOUN
ajfa-469	52	34	.	.	PUNCT
ajfa-469	53	1	harris	harris	PROPN
ajfa-469	53	2	and	and	CCONJ
ajfa-469	53	3	gurel	gurel	PROPN
ajfa-469	53	4	(	(	PUNCT
ajfa-469	53	5	1986	1986	NUM
ajfa-469	53	6	)	)	PUNCT
ajfa-469	53	7	studying	study	VERB
ajfa-469	53	8	s&p	s&p	PROPN
ajfa-469	53	9	500	500	NUM
ajfa-469	53	10	index	index	NOUN
ajfa-469	53	11	additions	addition	NOUN
ajfa-469	53	12	for	for	ADP
ajfa-469	53	13	the	the	DET
ajfa-469	53	14	period	period	NOUN
ajfa-469	53	15	1976	1976	NUM
ajfa-469	53	16	-	-	SYM
ajfa-469	53	17	1983	1983	NUM
ajfa-469	53	18	documented	document	VERB
ajfa-469	53	19	3.13	3.13	NUM
ajfa-469	53	20	%	%	NOUN
ajfa-469	53	21	abnormal	abnormal	ADJ
ajfa-469	53	22	return	return	NOUN
ajfa-469	53	23	and	and	CCONJ
ajfa-469	53	24	found	find	VERB
ajfa-469	53	25	a	a	DET
ajfa-469	53	26	systematic	systematic	ADJ
ajfa-469	53	27	reversal	reversal	NOUN
ajfa-469	53	28	of	of	ADP
ajfa-469	53	29	initial	initial	ADJ
ajfa-469	53	30	abnormal	abnormal	ADJ
ajfa-469	53	31	return	return	NOUN
ajfa-469	53	32	in	in	ADP
ajfa-469	53	33	support	support	NOUN
ajfa-469	53	34	of	of	ADP
ajfa-469	53	35	price	price	NOUN
ajfa-469	53	36	pressure	pressure	NOUN
ajfa-469	53	37	hypothesis	hypothesis	NOUN
ajfa-469	53	38	.	.	PUNCT
ajfa-469	54	1	elliot	elliot	PROPN
ajfa-469	54	2	and	and	CCONJ
ajfa-469	54	3	warr	warr	X
ajfa-469	54	4	(	(	PUNCT
ajfa-469	54	5	2003	2003	NUM
ajfa-469	54	6	)	)	PUNCT
ajfa-469	54	7	also	also	ADV
ajfa-469	54	8	find	find	VERB
ajfa-469	54	9	support	support	NOUN
ajfa-469	54	10	for	for	ADP
ajfa-469	54	11	price	price	NOUN
ajfa-469	54	12	pressure	pressure	NOUN
ajfa-469	54	13	but	but	CCONJ
ajfa-469	54	14	only	only	ADV
ajfa-469	54	15	around	around	ADP
ajfa-469	54	16	the	the	DET
ajfa-469	54	17	inclusion	inclusion	NOUN
ajfa-469	54	18	date	date	NOUN
ajfa-469	54	19	.	.	PUNCT
ajfa-469	55	1	mase	mase	PROPN
ajfa-469	55	2	(	(	PUNCT
ajfa-469	55	3	2002	2002	NUM
ajfa-469	55	4	)	)	PUNCT
ajfa-469	55	5	studying	study	VERB
ajfa-469	55	6	ftse	ftse	NOUN
ajfa-469	55	7	100	100	NUM
ajfa-469	55	8	inclusion	inclusion	NOUN
ajfa-469	55	9	effects	effect	NOUN
ajfa-469	55	10	for	for	ADP
ajfa-469	55	11	the	the	DET
ajfa-469	55	12	period	period	NOUN
ajfa-469	55	13	1992	1992	NUM
ajfa-469	55	14	–	–	PUNCT
ajfa-469	55	15	1999	1999	NUM
ajfa-469	55	16	find	find	VERB
ajfa-469	55	17	support	support	NOUN
ajfa-469	55	18	for	for	ADP
ajfa-469	55	19	the	the	DET
ajfa-469	55	20	price	price	NOUN
ajfa-469	55	21	pressure	pressure	NOUN
ajfa-469	55	22	hypothesis	hypothesis	NOUN
ajfa-469	55	23	.	.	PUNCT
ajfa-469	56	1	studies	study	NOUN
ajfa-469	56	2	have	have	AUX
ajfa-469	56	3	generally	generally	ADV
ajfa-469	56	4	supported	support	VERB
ajfa-469	56	5	partial	partial	ADJ
ajfa-469	56	6	price	price	NOUN
ajfa-469	56	7	pressure	pressure	NOUN
ajfa-469	56	8	in	in	ADP
ajfa-469	56	9	the	the	DET
ajfa-469	56	10	developed	develop	VERB
ajfa-469	56	11	markets	market	NOUN
ajfa-469	56	12	.	.	PUNCT
ajfa-469	57	1	there	there	PRON
ajfa-469	57	2	are	be	VERB
ajfa-469	57	3	studies	study	NOUN
ajfa-469	57	4	supporting	support	VERB
ajfa-469	57	5	information	information	NOUN
ajfa-469	57	6	–	–	PUNCT
ajfa-469	57	7	free	free	ADJ
ajfa-469	57	8	assumption	assumption	NOUN
ajfa-469	57	9	on	on	ADP
ajfa-469	57	10	the	the	DET
ajfa-469	57	11	index	index	NOUN
ajfa-469	57	12	addition	addition	NOUN
ajfa-469	57	13	induced	induce	VERB
ajfa-469	57	14	comovement2	comovement2	NOUN
ajfa-469	57	15	between	between	ADP
ajfa-469	57	16	the	the	DET
ajfa-469	57	17	return	return	NOUN
ajfa-469	57	18	of	of	ADP
ajfa-469	57	19	the	the	DET
ajfa-469	57	20	included	include	VERB
ajfa-469	57	21	stocks	stock	NOUN
ajfa-469	57	22	and	and	CCONJ
ajfa-469	57	23	the	the	DET
ajfa-469	57	24	index	index	NOUN
ajfa-469	57	25	.	.	PUNCT
ajfa-469	58	1	vijh	vijh	NOUN
ajfa-469	58	2	(	(	PUNCT
ajfa-469	58	3	1994	1994	NUM
ajfa-469	58	4	)	)	PUNCT
ajfa-469	58	5	evidences	evidence	VERB
ajfa-469	58	6	significant	significant	ADJ
ajfa-469	58	7	comovement	comovement	NOUN
ajfa-469	58	8	for	for	ADP
ajfa-469	58	9	s&p	s&p	PROPN
ajfa-469	58	10	500	500	NUM
ajfa-469	58	11	additions	addition	NOUN
ajfa-469	58	12	and	and	CCONJ
ajfa-469	58	13	supports	support	VERB
ajfa-469	58	14	index	index	NOUN
ajfa-469	58	15	fund	fund	NOUN
ajfa-469	58	16	trading	trading	NOUN
ajfa-469	58	17	as	as	ADP
ajfa-469	58	18	major	major	ADJ
ajfa-469	58	19	cause	cause	NOUN
ajfa-469	58	20	.	.	PUNCT
ajfa-469	59	1	barberis	barberis	PROPN
ajfa-469	59	2	,	,	PUNCT
ajfa-469	59	3	shliefer	shliefer	VERB
ajfa-469	59	4	and	and	CCONJ
ajfa-469	59	5	wurgler	wurgler	NOUN
ajfa-469	59	6	(	(	PUNCT
ajfa-469	59	7	2005	2005	NUM
ajfa-469	59	8	)	)	PUNCT
ajfa-469	59	9	differentiate	differentiate	NOUN
ajfa-469	59	10	between	between	ADP
ajfa-469	59	11	the	the	DET
ajfa-469	59	12	traditional	traditional	ADJ
ajfa-469	59	13	view	view	NOUN
ajfa-469	59	14	of	of	ADP
ajfa-469	59	15	frictionless	frictionless	ADJ
ajfa-469	59	16	markets3	markets3	NOUN
ajfa-469	59	17	and	and	CCONJ
ajfa-469	59	18	non	non	ADJ
ajfa-469	59	19	frictionless	frictionless	NOUN
ajfa-469	59	20	markets	market	NOUN
ajfa-469	59	21	.	.	PUNCT
ajfa-469	60	1	in	in	ADP
ajfa-469	60	2	a	a	DET
ajfa-469	60	3	frictionless	frictionless	NOUN
ajfa-469	60	4	market	market	NOUN
ajfa-469	60	5	comovement	comovement	NOUN
ajfa-469	60	6	in	in	ADP
ajfa-469	60	7	stocks	stock	NOUN
ajfa-469	60	8	implies	imply	VERB
ajfa-469	60	9	comovement	comovement	NOUN
ajfa-469	60	10	in	in	ADP
ajfa-469	60	11	the	the	DET
ajfa-469	60	12	fundamentals	fundamental	NOUN
ajfa-469	60	13	and	and	CCONJ
ajfa-469	60	14	the	the	DET
ajfa-469	60	15	prices	price	NOUN
ajfa-469	60	16	may	may	AUX
ajfa-469	60	17	reflect	reflect	VERB
ajfa-469	60	18	the	the	DET
ajfa-469	60	19	information	information	NOUN
ajfa-469	60	20	more	more	ADV
ajfa-469	60	21	quickly	quickly	ADV
ajfa-469	60	22	compared	compare	VERB
ajfa-469	60	23	to	to	ADP
ajfa-469	60	24	other	other	ADJ
ajfa-469	60	25	stocks	stock	NOUN
ajfa-469	60	26	.	.	PUNCT
ajfa-469	61	1	in	in	ADP
ajfa-469	61	2	a	a	DET
ajfa-469	61	3	non	non	ADJ
ajfa-469	61	4	frictionless	frictionless	NOUN
ajfa-469	61	5	market	market	NOUN
ajfa-469	61	6	,	,	PUNCT
ajfa-469	61	7	comovement	comovement	VERB
ajfa-469	61	8	between	between	ADP
ajfa-469	61	9	added	add	VERB
ajfa-469	61	10	stocks	stock	NOUN
ajfa-469	61	11	may	may	AUX
ajfa-469	61	12	be	be	AUX
ajfa-469	61	13	due	due	ADJ
ajfa-469	61	14	to	to	ADP
ajfa-469	61	15	category	category	NOUN
ajfa-469	61	16	based	base	VERB
ajfa-469	61	17	trading	trading	NOUN
ajfa-469	61	18	and	and	CCONJ
ajfa-469	61	19	habitat	habitat	NOUN
ajfa-469	61	20	based	base	VERB
ajfa-469	61	21	trading	trading	NOUN
ajfa-469	61	22	supporting	support	VERB
ajfa-469	61	23	the	the	DET
ajfa-469	61	24	information	information	NOUN
ajfa-469	61	25	-	-	PUNCT
ajfa-469	61	26	free	free	ADJ
ajfa-469	61	27	assumption	assumption	NOUN
ajfa-469	61	28	.	.	PUNCT
ajfa-469	62	1	they	they	PRON
ajfa-469	62	2	have	have	AUX
ajfa-469	62	3	suggested	suggest	VERB
ajfa-469	62	4	that	that	SCONJ
ajfa-469	62	5	for	for	ADP
ajfa-469	62	6	the	the	DET
ajfa-469	62	7	friction	friction	NOUN
ajfa-469	62	8	based	base	VERB
ajfa-469	62	9	comovement	comovement	NOUN
ajfa-469	62	10	,	,	PUNCT
ajfa-469	62	11	beta	beta	NOUN
ajfa-469	62	12	of	of	ADP
ajfa-469	62	13	the	the	DET
ajfa-469	62	14	added	add	VERB
ajfa-469	62	15	stocks	stock	NOUN
ajfa-469	62	16	would	would	AUX
ajfa-469	62	17	be	be	AUX
ajfa-469	62	18	stronger	strong	ADJ
ajfa-469	62	19	in	in	ADP
ajfa-469	62	20	the	the	DET
ajfa-469	62	21	latest	late	ADJ
ajfa-469	62	22	data	datum	NOUN
ajfa-469	62	23	with	with	ADP
ajfa-469	62	24	the	the	DET
ajfa-469	62	25	increase	increase	NOUN
ajfa-469	62	26	in	in	ADP
ajfa-469	62	27	institutional	institutional	ADJ
ajfa-469	62	28	investor	investor	NOUN
ajfa-469	62	29	activity	activity	NOUN
ajfa-469	62	30	.	.	PUNCT
ajfa-469	63	1	the	the	DET
ajfa-469	63	2	evidence	evidence	NOUN
ajfa-469	63	3	in	in	ADP
ajfa-469	63	4	favour	favour	NOUN
ajfa-469	63	5	of	of	ADP
ajfa-469	63	6	the	the	DET
ajfa-469	63	7	information	information	NOUN
ajfa-469	63	8	explanations	explanation	NOUN
ajfa-469	63	9	are	be	AUX
ajfa-469	63	10	,	,	PUNCT
ajfa-469	63	11	dhillon	dhillon	NOUN
ajfa-469	63	12	and	and	CCONJ
ajfa-469	63	13	johnson(1991	johnson(1991	NUM
ajfa-469	63	14	)	)	PUNCT
ajfa-469	63	15	,	,	PUNCT
ajfa-469	63	16	jain(1987	jain(1987	NOUN
ajfa-469	63	17	)	)	PUNCT
ajfa-469	63	18	studying	study	VERB
ajfa-469	63	19	the	the	DET
ajfa-469	63	20	inclusion	inclusion	NOUN
ajfa-469	63	21	effects	effect	NOUN
ajfa-469	63	22	of	of	ADP
ajfa-469	63	23	s&p	s&p	PROPN
ajfa-469	63	24	500	500	NUM
ajfa-469	63	25	found	find	VERB
ajfa-469	63	26	evidence	evidence	NOUN
ajfa-469	63	27	for	for	ADP
ajfa-469	63	28	the	the	DET
ajfa-469	63	29	certification	certification	NOUN
ajfa-469	63	30	hypothesis	hypothesis	NOUN
ajfa-469	63	31	.	.	PUNCT
ajfa-469	64	1	denis	denis	PROPN
ajfa-469	64	2	et	et	PROPN
ajfa-469	64	3	al	al	PROPN
ajfa-469	64	4	.	.	PROPN
ajfa-469	65	1	(	(	PUNCT
ajfa-469	65	2	2003	2003	NUM
ajfa-469	65	3	)	)	PUNCT
ajfa-469	65	4	postulate	postulate	VERB
ajfa-469	65	5	that	that	SCONJ
ajfa-469	65	6	following	follow	VERB
ajfa-469	65	7	index	index	NOUN
ajfa-469	65	8	inclusions	inclusion	NOUN
ajfa-469	65	9	,	,	PUNCT
ajfa-469	65	10	investors	investor	NOUN
ajfa-469	65	11	change	change	VERB
ajfa-469	65	12	the	the	DET
ajfa-469	65	13	expectation	expectation	NOUN
ajfa-469	65	14	of	of	ADP
ajfa-469	65	15	future	future	ADJ
ajfa-469	65	16	cash	cash	NOUN
ajfa-469	65	17	flow	flow	NOUN
ajfa-469	65	18	of	of	ADP
ajfa-469	65	19	the	the	DET
ajfa-469	65	20	stocks	stock	NOUN
ajfa-469	65	21	as	as	SCONJ
ajfa-469	65	22	the	the	DET
ajfa-469	65	23	firms	firm	NOUN
ajfa-469	65	24	perform	perform	VERB
ajfa-469	65	25	better	well	ADV
ajfa-469	65	26	due	due	ADJ
ajfa-469	65	27	to	to	ADP
ajfa-469	65	28	enhanced	enhance	VERB
ajfa-469	65	29	monitoring	monitoring	NOUN
ajfa-469	65	30	by	by	ADP
ajfa-469	65	31	analysts	analyst	NOUN
ajfa-469	65	32	and	and	CCONJ
ajfa-469	65	33	investors	investor	NOUN
ajfa-469	65	34	.	.	PUNCT
ajfa-469	66	1	chen	chen	PROPN
ajfa-469	66	2	et	et	PROPN
ajfa-469	66	3	al	al	PROPN
ajfa-469	66	4	(	(	PUNCT
ajfa-469	66	5	2004	2004	NUM
ajfa-469	66	6	)	)	PUNCT
ajfa-469	66	7	examined	examine	VERB
ajfa-469	66	8	the	the	DET
ajfa-469	66	9	s&p	s&p	PROPN
ajfa-469	66	10	500	500	NUM
ajfa-469	66	11	index	index	NOUN
ajfa-469	66	12	changes	change	NOUN
ajfa-469	66	13	for	for	ADP
ajfa-469	66	14	the	the	DET
ajfa-469	66	15	period	period	NOUN
ajfa-469	66	16	1976	1976	NUM
ajfa-469	66	17	–	–	PUNCT
ajfa-469	66	18	2000	2000	NUM
ajfa-469	66	19	.	.	PUNCT
ajfa-469	67	1	he	he	PRON
ajfa-469	67	2	concludes	conclude	VERB
ajfa-469	67	3	that	that	SCONJ
ajfa-469	67	4	investor	investor	NOUN
ajfa-469	67	5	awareness	awareness	NOUN
ajfa-469	67	6	is	be	AUX
ajfa-469	67	7	the	the	DET
ajfa-469	67	8	primary	primary	ADJ
ajfa-469	67	9	reason	reason	NOUN
ajfa-469	67	10	for	for	ADP
ajfa-469	67	11	the	the	DET
ajfa-469	67	12	s&p	s&p	PROPN
ajfa-469	67	13	500	500	NUM
ajfa-469	67	14	index	index	NOUN
ajfa-469	67	15	inclusion	inclusion	NOUN
ajfa-469	67	16	effect	effect	NOUN
ajfa-469	67	17	and	and	CCONJ
ajfa-469	67	18	greater	great	ADJ
ajfa-469	67	19	interest	interest	NOUN
ajfa-469	67	20	for	for	ADP
ajfa-469	67	21	the	the	DET
ajfa-469	67	22	index	index	NOUN
ajfa-469	67	23	stocks	stock	NOUN
ajfa-469	67	24	induces	induce	VERB
ajfa-469	67	25	a	a	DET
ajfa-469	67	26	reduction	reduction	NOUN
ajfa-469	67	27	in	in	ADP
ajfa-469	67	28	information	information	NOUN
ajfa-469	67	29	asymmetry	asymmetry	NOUN
ajfa-469	67	30	due	due	ADP
ajfa-469	67	31	to	to	ADP
ajfa-469	67	32	increased	increase	VERB
ajfa-469	67	33	information	information	NOUN
ajfa-469	67	34	production	production	NOUN
ajfa-469	67	35	which	which	PRON
ajfa-469	67	36	results	result	VERB
ajfa-469	67	37	in	in	ADP
ajfa-469	67	38	increased	increase	VERB
ajfa-469	67	39	liquidity	liquidity	NOUN
ajfa-469	67	40	.	.	PUNCT
ajfa-469	68	1	bhenish	bhenish	VERB
ajfa-469	68	2	and	and	CCONJ
ajfa-469	68	3	whaley	whaley	NOUN
ajfa-469	68	4	(	(	PUNCT
ajfa-469	68	5	1996	1996	NUM
ajfa-469	68	6	)	)	PUNCT
ajfa-469	68	7	studying	study	VERB
ajfa-469	68	8	s&p	s&p	PROPN
ajfa-469	68	9	500	500	NUM
ajfa-469	68	10	inclusions	inclusion	NOUN
ajfa-469	68	11	for	for	ADP
ajfa-469	68	12	the	the	DET
ajfa-469	68	13	period	period	NOUN
ajfa-469	68	14	1986	1986	NUM
ajfa-469	68	15	-	-	SYM
ajfa-469	68	16	1994	1994	NUM
ajfa-469	68	17	evidence	evidence	NOUN
ajfa-469	68	18	increased	increase	VERB
ajfa-469	68	19	trading	trading	NOUN
ajfa-469	68	20	volume	volume	NOUN
ajfa-469	68	21	.	.	PUNCT
ajfa-469	69	1	hradzil	hradzil	PROPN
ajfa-469	69	2	(	(	PUNCT
ajfa-469	69	3	2009	2009	NUM
ajfa-469	69	4	)	)	PUNCT
ajfa-469	69	5	studying	study	VERB
ajfa-469	69	6	s&p	s&p	PROPN
ajfa-469	69	7	500	500	NUM
ajfa-469	69	8	stocks	stock	NOUN
ajfa-469	69	9	find	find	VERB
ajfa-469	69	10	little	little	ADJ
ajfa-469	69	11	evidence	evidence	NOUN
ajfa-469	69	12	for	for	ADP
ajfa-469	69	13	the	the	DET
ajfa-469	69	14	dsdc	dsdc	NOUN
ajfa-469	69	15	hypothesis	hypothesis	NOUN
ajfa-469	69	16	and	and	CCONJ
ajfa-469	69	17	finds	find	VERB
ajfa-469	69	18	support	support	NOUN
ajfa-469	69	19	for	for	ADP
ajfa-469	69	20	the	the	DET
ajfa-469	69	21	liquidity	liquidity	NOUN
ajfa-469	69	22	and	and	CCONJ
ajfa-469	69	23	information	information	NOUN
ajfa-469	69	24	hypothesis	hypothesis	NOUN
ajfa-469	69	25	.	.	PUNCT
ajfa-469	70	1	some	some	PRON
ajfa-469	70	2	of	of	ADP
ajfa-469	70	3	the	the	DET
ajfa-469	70	4	recent	recent	ADJ
ajfa-469	70	5	researches	research	NOUN
ajfa-469	70	6	in	in	ADP
ajfa-469	70	7	the	the	DET
ajfa-469	70	8	developed	develop	VERB
ajfa-469	70	9	markets	market	NOUN
ajfa-469	70	10	seem	seem	VERB
ajfa-469	70	11	to	to	PART
ajfa-469	70	12	support	support	VERB
ajfa-469	70	13	investor	investor	NOUN
ajfa-469	70	14	awareness	awareness	NOUN
ajfa-469	70	15	hypothesis	hypothesis	NOUN
ajfa-469	70	16	.	.	PUNCT
ajfa-469	71	1	burcu	burcu	PROPN
ajfa-469	71	2	hadicebel	hadicebel	PROPN
ajfa-469	71	3	(	(	PUNCT
ajfa-469	71	4	2008	2008	NUM
ajfa-469	71	5	)	)	PUNCT
ajfa-469	71	6	and	and	CCONJ
ajfa-469	71	7	chakrabarti	chakrabarti	PROPN
ajfa-469	71	8	(	(	PUNCT
ajfa-469	71	9	2002	2002	NUM
ajfa-469	71	10	)	)	PUNCT
ajfa-469	71	11	studying	study	VERB
ajfa-469	71	12	the	the	DET
ajfa-469	71	13	inclusion	inclusion	NOUN
ajfa-469	71	14	of	of	ADP
ajfa-469	71	15	stocks	stock	NOUN
ajfa-469	71	16	from	from	ADP
ajfa-469	71	17	the	the	DET
ajfa-469	71	18	emerging	emerge	VERB
ajfa-469	71	19	markets	market	NOUN
ajfa-469	71	20	to	to	ADP
ajfa-469	71	21	the	the	DET
ajfa-469	71	22	global	global	PROPN
ajfa-469	71	23	msci	msci	PROPN
ajfa-469	71	24	index	index	NOUN
ajfa-469	71	25	evidence	evidence	NOUN
ajfa-469	71	26	permanent	permanent	ADJ
ajfa-469	71	27	increase	increase	NOUN
ajfa-469	71	28	in	in	ADP
ajfa-469	71	29	price	price	NOUN
ajfa-469	71	30	and	and	CCONJ
ajfa-469	71	31	volume	volume	NOUN
ajfa-469	71	32	and	and	CCONJ
ajfa-469	71	33	that	that	SCONJ
ajfa-469	71	34	index	index	NOUN
ajfa-469	71	35	inclusion	inclusion	NOUN
ajfa-469	71	36	convey	convey	VERB
ajfa-469	71	37	information	information	NOUN
ajfa-469	71	38	.	.	PUNCT
ajfa-469	72	1	kumar	kumar	PROPN
ajfa-469	72	2	(	(	PUNCT
ajfa-469	72	3	2005	2005	NUM
ajfa-469	72	4	)	)	PUNCT
ajfa-469	72	5	studying	study	VERB
ajfa-469	72	6	2	2	NUM
ajfa-469	72	7	barberis	barberis	PROPN
ajfa-469	72	8	et	et	PROPN
ajfa-469	72	9	al(2002	al(2002	NOUN
ajfa-469	72	10	)	)	PUNCT
ajfa-469	72	11	defines	define	NOUN
ajfa-469	72	12	comovement	comovement	NOUN
ajfa-469	72	13	as	as	ADP
ajfa-469	72	14	a	a	DET
ajfa-469	72	15	pattern	pattern	NOUN
ajfa-469	72	16	of	of	ADP
ajfa-469	72	17	positive	positive	ADJ
ajfa-469	72	18	correlation	correlation	NOUN
ajfa-469	72	19	.	.	PUNCT
ajfa-469	73	1	in	in	ADP
ajfa-469	73	2	this	this	DET
ajfa-469	73	3	study	study	NOUN
ajfa-469	73	4	comovement	comovement	NOUN
ajfa-469	73	5	of	of	ADP
ajfa-469	73	6	stock	stock	NOUN
ajfa-469	73	7	return	return	NOUN
ajfa-469	73	8	of	of	ADP
ajfa-469	73	9	the	the	DET
ajfa-469	73	10	included	include	VERB
ajfa-469	73	11	stock	stock	NOUN
ajfa-469	73	12	and	and	CCONJ
ajfa-469	73	13	the	the	DET
ajfa-469	73	14	index	index	NOUN
ajfa-469	73	15	return	return	NOUN
ajfa-469	73	16	is	be	AUX
ajfa-469	73	17	discussed	discuss	VERB
ajfa-469	73	18	.	.	PUNCT
ajfa-469	74	1	3	3	NUM
ajfa-469	74	2	ideal	ideal	ADJ
ajfa-469	74	3	trading	trading	NOUN
ajfa-469	74	4	environment	environment	NOUN
ajfa-469	74	5	that	that	PRON
ajfa-469	74	6	imposes	impose	VERB
ajfa-469	74	7	no	no	DET
ajfa-469	74	8	costs	cost	NOUN
ajfa-469	74	9	or	or	CCONJ
ajfa-469	74	10	restraints	restraint	NOUN
ajfa-469	74	11	on	on	ADP
ajfa-469	74	12	transactions	transaction	NOUN
ajfa-469	74	13	.	.	PUNCT
ajfa-469	75	1	asian	asian	ADJ
ajfa-469	75	2	journal	journal	PROPN
ajfa-469	75	3	of	of	ADP
ajfa-469	75	4	finance	finance	PROPN
ajfa-469	75	5	&	&	CCONJ
ajfa-469	75	6	accounting	accounting	PROPN
ajfa-469	75	7	issn	issn	PROPN
ajfa-469	75	8	1946	1946	NUM
ajfa-469	75	9	-	-	PUNCT
ajfa-469	75	10	052x	052x	NOUN
ajfa-469	75	11	2010	2010	NUM
ajfa-469	75	12	,	,	PUNCT
ajfa-469	75	13	vol	vol	NOUN
ajfa-469	75	14	.	.	PROPN
ajfa-469	75	15	2	2	NUM
ajfa-469	75	16	,	,	PUNCT
ajfa-469	75	17	no	no	INTJ
ajfa-469	75	18	.	.	NOUN
ajfa-469	75	19	2	2	NUM
ajfa-469	75	20	:	:	PUNCT
ajfa-469	75	21	e4	e4	PROPN
ajfa-469	75	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-469	75	23	59	59	NUM
ajfa-469	75	24	nifty	nifty	ADJ
ajfa-469	75	25	index	index	NOUN
ajfa-469	75	26	additions	addition	NOUN
ajfa-469	75	27	in	in	ADP
ajfa-469	75	28	the	the	DET
ajfa-469	75	29	indian	indian	ADJ
ajfa-469	75	30	stock	stock	NOUN
ajfa-469	75	31	market	market	NOUN
ajfa-469	75	32	for	for	ADP
ajfa-469	75	33	the	the	DET
ajfa-469	75	34	period	period	NOUN
ajfa-469	75	35	1998	1998	NUM
ajfa-469	75	36	2003	2003	NUM
ajfa-469	75	37	did	do	AUX
ajfa-469	75	38	not	not	PART
ajfa-469	75	39	find	find	VERB
ajfa-469	75	40	any	any	DET
ajfa-469	75	41	significant	significant	ADJ
ajfa-469	75	42	index	index	NOUN
ajfa-469	75	43	effects	effect	NOUN
ajfa-469	75	44	around	around	ADP
ajfa-469	75	45	announcement	announcement	NOUN
ajfa-469	75	46	date	date	NOUN
ajfa-469	75	47	and	and	CCONJ
ajfa-469	75	48	evidenced	evidence	VERB
ajfa-469	75	49	1.47	1.47	NUM
ajfa-469	75	50	%	%	NOUN
ajfa-469	75	51	effective	effective	ADJ
ajfa-469	75	52	date	date	NOUN
ajfa-469	75	53	(	(	PUNCT
ajfa-469	75	54	ed	ed	NOUN
ajfa-469	75	55	)	)	PUNCT
ajfa-469	75	56	abnormal	abnormal	ADJ
ajfa-469	75	57	return	return	NOUN
ajfa-469	75	58	.	.	PUNCT
ajfa-469	76	1	li	li	PROPN
ajfa-469	76	2	and	and	CCONJ
ajfa-469	76	3	sadeghi	sadeghi	PROPN
ajfa-469	76	4	(	(	PUNCT
ajfa-469	76	5	2009	2009	NUM
ajfa-469	76	6	)	)	PUNCT
ajfa-469	76	7	analysed	analyse	VERB
ajfa-469	76	8	the	the	DET
ajfa-469	76	9	chinese	chinese	ADJ
ajfa-469	76	10	index	index	NOUN
ajfa-469	76	11	additions	addition	NOUN
ajfa-469	76	12	have	have	AUX
ajfa-469	76	13	evidenced	evidence	VERB
ajfa-469	76	14	permanent	permanent	ADJ
ajfa-469	76	15	abnormal	abnormal	ADJ
ajfa-469	76	16	returns	return	NOUN
ajfa-469	76	17	and	and	CCONJ
ajfa-469	76	18	increased	increase	VERB
ajfa-469	76	19	liquidity	liquidity	NOUN
ajfa-469	76	20	post	post	NOUN
ajfa-469	76	21	inclusion	inclusion	NOUN
ajfa-469	76	22	.	.	PUNCT
ajfa-469	77	1	they	they	PRON
ajfa-469	77	2	have	have	AUX
ajfa-469	77	3	also	also	ADV
ajfa-469	77	4	found	find	VERB
ajfa-469	77	5	support	support	NOUN
ajfa-469	77	6	for	for	ADP
ajfa-469	77	7	information	information	NOUN
ajfa-469	77	8	based	base	VERB
ajfa-469	77	9	explanations	explanation	NOUN
ajfa-469	77	10	for	for	ADP
ajfa-469	77	11	the	the	DET
ajfa-469	77	12	index	index	NOUN
ajfa-469	77	13	additions	addition	NOUN
ajfa-469	77	14	in	in	ADP
ajfa-469	77	15	the	the	DET
ajfa-469	77	16	chinese	chinese	ADJ
ajfa-469	77	17	stock	stock	NOUN
ajfa-469	77	18	market	market	NOUN
ajfa-469	77	19	.	.	PUNCT
ajfa-469	78	1	3	3	X
ajfa-469	78	2	.	.	X
ajfa-469	78	3	data	datum	NOUN
ajfa-469	78	4	and	and	CCONJ
ajfa-469	78	5	back	back	ADJ
ajfa-469	78	6	ground	ground	NOUN
ajfa-469	78	7	information	information	NOUN
ajfa-469	78	8	3.1	3.1	NUM
ajfa-469	78	9	the	the	DET
ajfa-469	78	10	nifty	nifty	ADJ
ajfa-469	78	11	information	information	NOUN
ajfa-469	78	12	the	the	DET
ajfa-469	78	13	s&p	s&p	PROPN
ajfa-469	78	14	cnx	cnx	PROPN
ajfa-469	78	15	nifty	nifty	ADJ
ajfa-469	78	16	(	(	PUNCT
ajfa-469	78	17	nifty	nifty	ADJ
ajfa-469	78	18	hereafter	hereafter	ADV
ajfa-469	78	19	)	)	PUNCT
ajfa-469	78	20	is	be	AUX
ajfa-469	78	21	the	the	DET
ajfa-469	78	22	headline	headline	NOUN
ajfa-469	78	23	index	index	NOUN
ajfa-469	78	24	on	on	ADP
ajfa-469	78	25	the	the	DET
ajfa-469	78	26	national	national	PROPN
ajfa-469	78	27	stock	stock	PROPN
ajfa-469	78	28	exchange	exchange	PROPN
ajfa-469	78	29	(	(	PUNCT
ajfa-469	78	30	nse	nse	NOUN
ajfa-469	78	31	)	)	PUNCT
ajfa-469	78	32	maintained	maintain	VERB
ajfa-469	78	33	by	by	ADP
ajfa-469	78	34	the	the	DET
ajfa-469	78	35	india	india	PROPN
ajfa-469	78	36	index	index	PROPN
ajfa-469	78	37	services	service	NOUN
ajfa-469	78	38	and	and	CCONJ
ajfa-469	78	39	products	product	NOUN
ajfa-469	78	40	ltd.(iisl	ltd.(iisl	NOUN
ajfa-469	78	41	)	)	PUNCT
ajfa-469	78	42	since	since	SCONJ
ajfa-469	78	43	the	the	DET
ajfa-469	78	44	year	year	NOUN
ajfa-469	78	45	1996	1996	NUM
ajfa-469	78	46	.	.	PUNCT
ajfa-469	79	1	previously	previously	ADV
ajfa-469	79	2	the	the	DET
ajfa-469	79	3	index	index	NOUN
ajfa-469	79	4	was	be	AUX
ajfa-469	79	5	managed	manage	VERB
ajfa-469	79	6	by	by	ADP
ajfa-469	79	7	crisil	crisil	NOUN
ajfa-469	79	8	.	.	PUNCT
ajfa-469	80	1	it	it	PRON
ajfa-469	80	2	represents	represent	VERB
ajfa-469	80	3	a	a	DET
ajfa-469	80	4	portfolio	portfolio	NOUN
ajfa-469	80	5	of	of	ADP
ajfa-469	80	6	50	50	NUM
ajfa-469	80	7	large	large	ADJ
ajfa-469	80	8	and	and	CCONJ
ajfa-469	80	9	most	most	ADV
ajfa-469	80	10	liquid	liquid	ADJ
ajfa-469	80	11	stocks	stock	NOUN
ajfa-469	80	12	of	of	ADP
ajfa-469	80	13	the	the	DET
ajfa-469	80	14	nse	nse	NOUN
ajfa-469	80	15	and	and	CCONJ
ajfa-469	80	16	captures	capture	VERB
ajfa-469	80	17	nearly	nearly	ADV
ajfa-469	80	18	65	65	NUM
ajfa-469	80	19	%	%	NOUN
ajfa-469	80	20	of	of	ADP
ajfa-469	80	21	the	the	DET
ajfa-469	80	22	total	total	ADJ
ajfa-469	80	23	market	market	NOUN
ajfa-469	80	24	capitalization	capitalization	NOUN
ajfa-469	80	25	as	as	ADP
ajfa-469	80	26	on	on	ADP
ajfa-469	80	27	december	december	PROPN
ajfa-469	80	28	2009	2009	NUM
ajfa-469	80	29	.	.	PUNCT
ajfa-469	81	1	the	the	DET
ajfa-469	81	2	main	main	ADJ
ajfa-469	81	3	criteria	criterion	NOUN
ajfa-469	81	4	of	of	ADP
ajfa-469	81	5	selection	selection	NOUN
ajfa-469	81	6	of	of	ADP
ajfa-469	81	7	stocks	stock	NOUN
ajfa-469	81	8	for	for	ADP
ajfa-469	81	9	the	the	DET
ajfa-469	81	10	nifty	nifty	ADJ
ajfa-469	81	11	index	index	NOUN
ajfa-469	81	12	are	be	AUX
ajfa-469	81	13	market	market	NOUN
ajfa-469	81	14	capitalization	capitalization	NOUN
ajfa-469	81	15	,	,	PUNCT
ajfa-469	81	16	float	float	NOUN
ajfa-469	81	17	,	,	PUNCT
ajfa-469	81	18	liquidity	liquidity	NOUN
ajfa-469	81	19	and	and	CCONJ
ajfa-469	81	20	industry	industry	NOUN
ajfa-469	81	21	representation	representation	NOUN
ajfa-469	81	22	.	.	PUNCT
ajfa-469	82	1	the	the	DET
ajfa-469	82	2	index	index	NOUN
ajfa-469	82	3	is	be	AUX
ajfa-469	82	4	normally	normally	ADV
ajfa-469	82	5	reviewed	review	VERB
ajfa-469	82	6	every	every	DET
ajfa-469	82	7	six	six	NUM
ajfa-469	82	8	months	month	NOUN
ajfa-469	82	9	and	and	CCONJ
ajfa-469	82	10	six	six	NUM
ajfa-469	82	11	weeks	week	NOUN
ajfa-469	82	12	’	'	PUNCT
ajfa-469	82	13	notice	notice	NOUN
ajfa-469	82	14	is	be	AUX
ajfa-469	82	15	normally	normally	ADV
ajfa-469	82	16	given	give	VERB
ajfa-469	82	17	to	to	ADP
ajfa-469	82	18	the	the	DET
ajfa-469	82	19	market	market	NOUN
ajfa-469	82	20	before	before	SCONJ
ajfa-469	82	21	the	the	DET
ajfa-469	82	22	change	change	NOUN
ajfa-469	82	23	is	be	AUX
ajfa-469	82	24	effected	effect	VERB
ajfa-469	82	25	.	.	PUNCT
ajfa-469	83	1	index	index	NOUN
ajfa-469	83	2	removal	removal	NOUN
ajfa-469	83	3	is	be	AUX
ajfa-469	83	4	normally	normally	ADV
ajfa-469	83	5	effected	effect	VERB
ajfa-469	83	6	due	due	ADP
ajfa-469	83	7	to	to	ADP
ajfa-469	83	8	corporate	corporate	ADJ
ajfa-469	83	9	actions	action	NOUN
ajfa-469	83	10	like	like	ADP
ajfa-469	83	11	restructuring	restructuring	NOUN
ajfa-469	83	12	etc	etc	X
ajfa-469	83	13	.	.	X
ajfa-469	83	14	and	and	CCONJ
ajfa-469	83	15	when	when	SCONJ
ajfa-469	83	16	market	market	NOUN
ajfa-469	83	17	capitalisation	capitalisation	NOUN
ajfa-469	83	18	of	of	ADP
ajfa-469	83	19	an	an	DET
ajfa-469	83	20	index	index	NOUN
ajfa-469	83	21	stock	stock	NOUN
ajfa-469	83	22	falls	fall	VERB
ajfa-469	83	23	below	below	ADP
ajfa-469	83	24	50	50	NUM
ajfa-469	83	25	%	%	NOUN
ajfa-469	83	26	of	of	ADP
ajfa-469	83	27	the	the	DET
ajfa-469	83	28	market	market	NOUN
ajfa-469	83	29	capitalisation	capitalisation	NOUN
ajfa-469	83	30	of	of	ADP
ajfa-469	83	31	the	the	DET
ajfa-469	83	32	top	top	ADJ
ajfa-469	83	33	most	most	ADJ
ajfa-469	83	34	stock	stock	NOUN
ajfa-469	83	35	of	of	ADP
ajfa-469	83	36	the	the	DET
ajfa-469	83	37	replacement	replacement	NOUN
ajfa-469	83	38	pool	pool	NOUN
ajfa-469	83	39	.	.	PUNCT
ajfa-469	84	1	3.2	3.2	NUM
ajfa-469	84	2	sample	sample	NOUN
ajfa-469	84	3	selection	selection	NOUN
ajfa-469	84	4	:	:	PUNCT
ajfa-469	84	5	the	the	DET
ajfa-469	84	6	sample	sample	NOUN
ajfa-469	84	7	period	period	NOUN
ajfa-469	84	8	for	for	ADP
ajfa-469	84	9	this	this	DET
ajfa-469	84	10	study	study	NOUN
ajfa-469	84	11	is	be	AUX
ajfa-469	84	12	1999	1999	NUM
ajfa-469	84	13	2010	2010	NUM
ajfa-469	84	14	to	to	PART
ajfa-469	84	15	coincide	coincide	VERB
ajfa-469	84	16	for	for	ADP
ajfa-469	84	17	the	the	DET
ajfa-469	84	18	start	start	NOUN
ajfa-469	84	19	of	of	ADP
ajfa-469	84	20	index	index	NOUN
ajfa-469	84	21	funds	fund	NOUN
ajfa-469	84	22	in	in	ADP
ajfa-469	84	23	india	india	PROPN
ajfa-469	84	24	.	.	PUNCT
ajfa-469	85	1	the	the	DET
ajfa-469	85	2	details	detail	NOUN
ajfa-469	85	3	regarding	regard	VERB
ajfa-469	85	4	both	both	DET
ajfa-469	85	5	announcement	announcement	NOUN
ajfa-469	85	6	date	date	NOUN
ajfa-469	85	7	(	(	PUNCT
ajfa-469	85	8	ad	ad	NOUN
ajfa-469	85	9	)	)	PUNCT
ajfa-469	85	10	and	and	CCONJ
ajfa-469	85	11	effective	effective	ADJ
ajfa-469	85	12	date	date	NOUN
ajfa-469	85	13	(	(	PUNCT
ajfa-469	85	14	ed	ed	NOUN
ajfa-469	85	15	)	)	PUNCT
ajfa-469	85	16	are	be	AUX
ajfa-469	85	17	available	available	ADJ
ajfa-469	85	18	only	only	ADV
ajfa-469	85	19	from	from	ADP
ajfa-469	85	20	1998	1998	NUM
ajfa-469	85	21	.	.	PUNCT
ajfa-469	86	1	the	the	DET
ajfa-469	86	2	daily	daily	ADJ
ajfa-469	86	3	data	datum	NOUN
ajfa-469	86	4	from	from	ADP
ajfa-469	86	5	www.nse-india.com	www.nse-india.com	PROPN
ajfa-469	86	6	is	be	AUX
ajfa-469	86	7	used	use	VERB
ajfa-469	86	8	to	to	PART
ajfa-469	86	9	calculate	calculate	VERB
ajfa-469	86	10	daily	daily	ADJ
ajfa-469	86	11	return	return	NOUN
ajfa-469	86	12	and	and	CCONJ
ajfa-469	86	13	daily	daily	ADJ
ajfa-469	86	14	volume	volume	NOUN
ajfa-469	86	15	of	of	ADP
ajfa-469	86	16	the	the	DET
ajfa-469	86	17	added	add	VERB
ajfa-469	86	18	stocks	stock	NOUN
ajfa-469	86	19	and	and	CCONJ
ajfa-469	86	20	nifty	nifty	ADJ
ajfa-469	86	21	index	index	NOUN
ajfa-469	86	22	.	.	PUNCT
ajfa-469	87	1	appendix	appendix	NOUN
ajfa-469	87	2	3	3	NUM
ajfa-469	87	3	displays	display	VERB
ajfa-469	87	4	the	the	DET
ajfa-469	87	5	frequency	frequency	NOUN
ajfa-469	87	6	of	of	ADP
ajfa-469	87	7	trading	trading	NOUN
ajfa-469	87	8	days	day	NOUN
ajfa-469	87	9	between	between	ADP
ajfa-469	87	10	index	index	NOUN
ajfa-469	87	11	addition	addition	NOUN
ajfa-469	87	12	announcement	announcement	NOUN
ajfa-469	87	13	date	date	NOUN
ajfa-469	87	14	(	(	PUNCT
ajfa-469	87	15	ad	ad	NOUN
ajfa-469	87	16	)	)	PUNCT
ajfa-469	87	17	and	and	CCONJ
ajfa-469	87	18	the	the	DET
ajfa-469	87	19	index	index	NOUN
ajfa-469	87	20	inclusion	inclusion	NOUN
ajfa-469	87	21	date	date	NOUN
ajfa-469	87	22	(	(	PUNCT
ajfa-469	87	23	ed	ed	NOUN
ajfa-469	87	24	)	)	PUNCT
ajfa-469	87	25	for	for	ADP
ajfa-469	87	26	the	the	DET
ajfa-469	87	27	stocks	stock	NOUN
ajfa-469	87	28	included	include	VERB
ajfa-469	87	29	in	in	ADP
ajfa-469	87	30	the	the	DET
ajfa-469	87	31	nifty	nifty	ADJ
ajfa-469	87	32	index	index	NOUN
ajfa-469	87	33	between	between	ADP
ajfa-469	87	34	19992010	19992010	NUM
ajfa-469	87	35	.	.	PUNCT
ajfa-469	88	1	the	the	DET
ajfa-469	88	2	following	follow	VERB
ajfa-469	88	3	stocks	stock	NOUN
ajfa-469	88	4	are	be	AUX
ajfa-469	88	5	not	not	PART
ajfa-469	88	6	considered	consider	VERB
ajfa-469	88	7	.	.	PUNCT
ajfa-469	89	1	a	a	DET
ajfa-469	89	2	)	)	PUNCT
ajfa-469	89	3	stocks	stock	NOUN
ajfa-469	89	4	arising	arise	VERB
ajfa-469	89	5	out	out	ADP
ajfa-469	89	6	of	of	ADP
ajfa-469	89	7	corporate	corporate	ADJ
ajfa-469	89	8	restructuring	restructuring	NOUN
ajfa-469	89	9	are	be	AUX
ajfa-469	89	10	not	not	PART
ajfa-469	89	11	considered	consider	VERB
ajfa-469	89	12	.	.	PUNCT
ajfa-469	90	1	b	b	X
ajfa-469	90	2	)	)	PUNCT
ajfa-469	90	3	stocks	stock	NOUN
ajfa-469	90	4	which	which	PRON
ajfa-469	90	5	do	do	AUX
ajfa-469	90	6	not	not	PART
ajfa-469	90	7	have	have	VERB
ajfa-469	90	8	trading	trade	VERB
ajfa-469	90	9	history	history	NOUN
ajfa-469	90	10	for	for	ADP
ajfa-469	90	11	at	at	ADV
ajfa-469	90	12	least	least	ADV
ajfa-469	90	13	six	six	NUM
ajfa-469	90	14	months	month	NOUN
ajfa-469	90	15	prior	prior	ADV
ajfa-469	90	16	to	to	ADP
ajfa-469	90	17	the	the	DET
ajfa-469	90	18	announcement	announcement	NOUN
ajfa-469	90	19	date	date	NOUN
ajfa-469	90	20	.	.	PUNCT
ajfa-469	91	1	c	c	X
ajfa-469	91	2	)	)	PUNCT
ajfa-469	91	3	stocks	stock	NOUN
ajfa-469	91	4	which	which	PRON
ajfa-469	91	5	do	do	AUX
ajfa-469	91	6	not	not	PART
ajfa-469	91	7	have	have	VERB
ajfa-469	91	8	at	at	ADV
ajfa-469	91	9	least	least	ADV
ajfa-469	91	10	5	5	NUM
ajfa-469	91	11	clear	clear	ADJ
ajfa-469	91	12	trading	trading	NOUN
ajfa-469	91	13	days	day	NOUN
ajfa-469	91	14	between	between	ADP
ajfa-469	91	15	announcement	announcement	NOUN
ajfa-469	91	16	and	and	CCONJ
ajfa-469	91	17	effective	effective	ADJ
ajfa-469	91	18	date	date	NOUN
ajfa-469	91	19	are	be	AUX
ajfa-469	91	20	not	not	PART
ajfa-469	91	21	considered	consider	VERB
ajfa-469	91	22	.	.	PUNCT
ajfa-469	92	1	the	the	DET
ajfa-469	92	2	total	total	ADJ
ajfa-469	92	3	nifty	nifty	ADJ
ajfa-469	92	4	index	index	NOUN
ajfa-469	92	5	additions	addition	NOUN
ajfa-469	92	6	are	be	AUX
ajfa-469	92	7	54	54	NUM
ajfa-469	92	8	for	for	ADP
ajfa-469	92	9	the	the	DET
ajfa-469	92	10	1999	1999	NUM
ajfa-469	92	11	-	-	SYM
ajfa-469	92	12	2010	2010	NUM
ajfa-469	92	13	period	period	NOUN
ajfa-469	92	14	.	.	PUNCT
ajfa-469	93	1	the	the	DET
ajfa-469	93	2	total	total	ADJ
ajfa-469	93	3	number	number	NOUN
ajfa-469	93	4	of	of	ADP
ajfa-469	93	5	stocks	stock	NOUN
ajfa-469	93	6	available	available	ADJ
ajfa-469	93	7	for	for	ADP
ajfa-469	93	8	research	research	NOUN
ajfa-469	93	9	after	after	SCONJ
ajfa-469	93	10	the	the	DET
ajfa-469	93	11	elimination	elimination	NOUN
ajfa-469	93	12	is	be	AUX
ajfa-469	93	13	38	38	NUM
ajfa-469	93	14	.	.	PUNCT
ajfa-469	94	1	appendix	appendix	NOUN
ajfa-469	94	2	1	1	NUM
ajfa-469	94	3	lists	list	NOUN
ajfa-469	94	4	all	all	DET
ajfa-469	94	5	the	the	DET
ajfa-469	94	6	included	include	VERB
ajfa-469	94	7	stocks	stock	NOUN
ajfa-469	94	8	available	available	ADJ
ajfa-469	94	9	for	for	ADP
ajfa-469	94	10	research	research	NOUN
ajfa-469	94	11	.	.	PUNCT
ajfa-469	95	1	even	even	ADV
ajfa-469	95	2	though	though	SCONJ
ajfa-469	95	3	the	the	DET
ajfa-469	95	4	sample	sample	NOUN
ajfa-469	95	5	is	be	AUX
ajfa-469	95	6	small	small	ADJ
ajfa-469	95	7	,	,	PUNCT
ajfa-469	95	8	it	it	PRON
ajfa-469	95	9	comprehensively	comprehensively	ADV
ajfa-469	95	10	covers	cover	VERB
ajfa-469	95	11	the	the	DET
ajfa-469	95	12	recent	recent	ADJ
ajfa-469	95	13	11	11	NUM
ajfa-469	95	14	year	year	NOUN
ajfa-469	95	15	period	period	NOUN
ajfa-469	95	16	in	in	ADP
ajfa-469	95	17	the	the	DET
ajfa-469	95	18	indian	indian	ADJ
ajfa-469	95	19	stock	stock	NOUN
ajfa-469	95	20	market	market	NOUN
ajfa-469	95	21	.	.	PUNCT
ajfa-469	96	1	the	the	DET
ajfa-469	96	2	sample	sample	NOUN
ajfa-469	96	3	is	be	AUX
ajfa-469	96	4	separated	separate	VERB
ajfa-469	96	5	into	into	ADP
ajfa-469	96	6	two	two	NUM
ajfa-469	96	7	periods	period	NOUN
ajfa-469	96	8	namely	namely	ADV
ajfa-469	96	9	,	,	PUNCT
ajfa-469	96	10	1999	1999	NUM
ajfa-469	96	11	2006	2006	NUM
ajfa-469	96	12	and	and	CCONJ
ajfa-469	96	13	2007	2007	NUM
ajfa-469	96	14	–	–	PUNCT
ajfa-469	96	15	2010	2010	NUM
ajfa-469	96	16	.	.	PUNCT
ajfa-469	97	1	the	the	DET
ajfa-469	97	2	latter	latter	ADJ
ajfa-469	97	3	period	period	NOUN
ajfa-469	97	4	is	be	AUX
ajfa-469	97	5	marked	mark	VERB
ajfa-469	97	6	by	by	ADP
ajfa-469	97	7	increased	increase	VERB
ajfa-469	97	8	institutional	institutional	ADJ
ajfa-469	97	9	activity	activity	NOUN
ajfa-469	97	10	and	and	CCONJ
ajfa-469	97	11	participation	participation	NOUN
ajfa-469	97	12	and	and	CCONJ
ajfa-469	97	13	represents	represent	VERB
ajfa-469	97	14	the	the	DET
ajfa-469	97	15	current	current	ADJ
ajfa-469	97	16	market	market	NOUN
ajfa-469	97	17	activity	activity	NOUN
ajfa-469	97	18	.	.	PUNCT
ajfa-469	98	1	3.3	3.3	NUM
ajfa-469	98	2	abnormal	abnormal	ADJ
ajfa-469	98	3	returns	return	NOUN
ajfa-469	98	4	the	the	DET
ajfa-469	98	5	index	index	NOUN
ajfa-469	98	6	inclusion	inclusion	NOUN
ajfa-469	98	7	effect	effect	NOUN
ajfa-469	98	8	is	be	AUX
ajfa-469	98	9	analyzed	analyze	VERB
ajfa-469	98	10	by	by	ADP
ajfa-469	98	11	studying	study	VERB
ajfa-469	98	12	the	the	DET
ajfa-469	98	13	abnormal	abnormal	ADJ
ajfa-469	98	14	returns	return	NOUN
ajfa-469	98	15	around	around	ADP
ajfa-469	98	16	the	the	DET
ajfa-469	98	17	asian	asian	ADJ
ajfa-469	98	18	journal	journal	NOUN
ajfa-469	98	19	of	of	ADP
ajfa-469	98	20	finance	finance	PROPN
ajfa-469	98	21	&	&	CCONJ
ajfa-469	98	22	accounting	accounting	PROPN
ajfa-469	98	23	issn	issn	PROPN
ajfa-469	98	24	1946	1946	NUM
ajfa-469	98	25	-	-	PUNCT
ajfa-469	98	26	052x	052x	NOUN
ajfa-469	98	27	2010	2010	NUM
ajfa-469	98	28	,	,	PUNCT
ajfa-469	98	29	vol	vol	NOUN
ajfa-469	98	30	.	.	PROPN
ajfa-469	98	31	2	2	NUM
ajfa-469	98	32	,	,	PUNCT
ajfa-469	98	33	no	no	INTJ
ajfa-469	98	34	.	.	NOUN
ajfa-469	98	35	2	2	NUM
ajfa-469	98	36	:	:	PUNCT
ajfa-469	98	37	e4	e4	PROPN
ajfa-469	98	38	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	98	39	60	60	NUM
ajfa-469	98	40	announcement	announcement	NOUN
ajfa-469	98	41	date	date	NOUN
ajfa-469	98	42	(	(	PUNCT
ajfa-469	98	43	ad	ad	NOUN
ajfa-469	98	44	)	)	PUNCT
ajfa-469	98	45	and	and	CCONJ
ajfa-469	98	46	effective	effective	ADJ
ajfa-469	98	47	date	date	NOUN
ajfa-469	98	48	(	(	PUNCT
ajfa-469	98	49	ed	ed	NOUN
ajfa-469	98	50	)	)	PUNCT
ajfa-469	98	51	.	.	PUNCT
ajfa-469	99	1	the	the	DET
ajfa-469	99	2	daily	daily	ADJ
ajfa-469	99	3	abnormal	abnormal	ADJ
ajfa-469	99	4	returns	return	NOUN
ajfa-469	99	5	are	be	AUX
ajfa-469	99	6	calculated	calculate	VERB
ajfa-469	99	7	as	as	ADP
ajfa-469	99	8	the	the	DET
ajfa-469	99	9	stocks	stock	NOUN
ajfa-469	99	10	excess	excess	ADJ
ajfa-469	99	11	return	return	NOUN
ajfa-469	99	12	on	on	ADP
ajfa-469	99	13	day	day	NOUN
ajfa-469	99	14	‘	'	PUNCT
ajfa-469	99	15	t	t	NOUN
ajfa-469	99	16	’	'	PUNCT
ajfa-469	99	17	over	over	ADP
ajfa-469	99	18	the	the	DET
ajfa-469	99	19	index	index	NOUN
ajfa-469	99	20	return	return	NOUN
ajfa-469	99	21	as	as	ADP
ajfa-469	99	22	in	in	ADP
ajfa-469	99	23	lynch	lynch	PROPN
ajfa-469	99	24	and	and	CCONJ
ajfa-469	99	25	mendenhall(1998	mendenhall(1998	NOUN
ajfa-469	99	26	)	)	PUNCT
ajfa-469	99	27	wherein	wherein	SCONJ
ajfa-469	99	28	it	it	PRON
ajfa-469	99	29	is	be	AUX
ajfa-469	99	30	observed	observe	VERB
ajfa-469	99	31	that	that	SCONJ
ajfa-469	99	32	more	more	ADV
ajfa-469	99	33	sophisticated	sophisticated	ADJ
ajfa-469	99	34	models	model	NOUN
ajfa-469	99	35	of	of	ADP
ajfa-469	99	36	abnormal	abnormal	ADJ
ajfa-469	99	37	return	return	NOUN
ajfa-469	99	38	generation	generation	NOUN
ajfa-469	99	39	like	like	ADP
ajfa-469	99	40	single	single	ADJ
ajfa-469	99	41	factor	factor	NOUN
ajfa-469	99	42	market	market	NOUN
ajfa-469	99	43	model	model	NOUN
ajfa-469	99	44	gives	give	VERB
ajfa-469	99	45	very	very	ADV
ajfa-469	99	46	similar	similar	ADJ
ajfa-469	99	47	results	result	NOUN
ajfa-469	99	48	to	to	ADP
ajfa-469	99	49	the	the	DET
ajfa-469	99	50	simple	simple	ADJ
ajfa-469	99	51	abnormal	abnormal	ADJ
ajfa-469	99	52	return	return	NOUN
ajfa-469	99	53	of	of	ADP
ajfa-469	99	54	the	the	DET
ajfa-469	99	55	stock	stock	NOUN
ajfa-469	99	56	over	over	ADP
ajfa-469	99	57	the	the	DET
ajfa-469	99	58	index	index	NOUN
ajfa-469	99	59	return	return	NOUN
ajfa-469	99	60	.	.	PUNCT
ajfa-469	100	1	this	this	DET
ajfa-469	100	2	study	study	NOUN
ajfa-469	100	3	uses	use	VERB
ajfa-469	100	4	both	both	DET
ajfa-469	100	5	cumulative	cumulative	ADJ
ajfa-469	100	6	abnormal	abnormal	ADJ
ajfa-469	100	7	return	return	NOUN
ajfa-469	100	8	(	(	PUNCT
ajfa-469	100	9	car	car	NOUN
ajfa-469	100	10	)	)	PUNCT
ajfa-469	100	11	and	and	CCONJ
ajfa-469	100	12	average	average	ADJ
ajfa-469	100	13	abnormal	abnormal	ADJ
ajfa-469	100	14	return	return	NOUN
ajfa-469	100	15	(	(	PUNCT
ajfa-469	100	16	aar	aar	NOUN
ajfa-469	100	17	)	)	PUNCT
ajfa-469	100	18	.	.	PUNCT
ajfa-469	101	1	aar	aar	PROPN
ajfa-469	101	2	aggregated	aggregate	VERB
ajfa-469	101	3	over	over	ADP
ajfa-469	101	4	the	the	DET
ajfa-469	101	5	event	event	NOUN
ajfa-469	101	6	window	window	NOUN
ajfa-469	101	7	gives	give	VERB
ajfa-469	101	8	the	the	DET
ajfa-469	101	9	car	car	NOUN
ajfa-469	101	10	.	.	PUNCT
ajfa-469	102	1	conversely	conversely	ADV
ajfa-469	102	2	,	,	PUNCT
ajfa-469	102	3	the	the	DET
ajfa-469	102	4	car	car	NOUN
ajfa-469	102	5	divided	divide	VERB
ajfa-469	102	6	by	by	ADP
ajfa-469	102	7	the	the	DET
ajfa-469	102	8	number	number	NOUN
ajfa-469	102	9	of	of	ADP
ajfa-469	102	10	days	day	NOUN
ajfa-469	102	11	in	in	ADP
ajfa-469	102	12	the	the	DET
ajfa-469	102	13	event	event	NOUN
ajfa-469	102	14	window	window	NOUN
ajfa-469	102	15	gives	give	VERB
ajfa-469	102	16	the	the	DET
ajfa-469	102	17	aar	aar	NOUN
ajfa-469	102	18	.	.	PUNCT
ajfa-469	103	1	the	the	DET
ajfa-469	103	2	car	car	NOUN
ajfa-469	103	3	of	of	ADP
ajfa-469	103	4	a	a	DET
ajfa-469	103	5	stock	stock	NOUN
ajfa-469	103	6	represents	represent	VERB
ajfa-469	103	7	the	the	DET
ajfa-469	103	8	‘	'	PUNCT
ajfa-469	103	9	buy	buy	VERB
ajfa-469	103	10	and	and	CCONJ
ajfa-469	103	11	hold	hold	VERB
ajfa-469	103	12	’	'	PUNCT
ajfa-469	103	13	return	return	NOUN
ajfa-469	103	14	over	over	ADP
ajfa-469	103	15	the	the	DET
ajfa-469	103	16	specific	specific	ADJ
ajfa-469	103	17	period	period	NOUN
ajfa-469	103	18	as	as	SCONJ
ajfa-469	103	19	buy	buy	VERB
ajfa-469	103	20	and	and	CCONJ
ajfa-469	103	21	hold	hold	VERB
ajfa-469	103	22	returns	return	NOUN
ajfa-469	103	23	are	be	AUX
ajfa-469	103	24	more	more	ADV
ajfa-469	103	25	relevant	relevant	ADJ
ajfa-469	103	26	to	to	ADP
ajfa-469	103	27	the	the	DET
ajfa-469	103	28	investors	investor	NOUN
ajfa-469	103	29	.	.	PUNCT
ajfa-469	104	1	the	the	DET
ajfa-469	104	2	car	car	NOUN
ajfa-469	104	3	of	of	ADP
ajfa-469	104	4	all	all	DET
ajfa-469	104	5	the	the	DET
ajfa-469	104	6	sample	sample	NOUN
ajfa-469	104	7	stocks	stock	NOUN
ajfa-469	104	8	are	be	AUX
ajfa-469	104	9	aggregated	aggregate	VERB
ajfa-469	104	10	and	and	CCONJ
ajfa-469	104	11	averaged	average	VERB
ajfa-469	104	12	over	over	ADP
ajfa-469	104	13	the	the	DET
ajfa-469	104	14	event	event	NOUN
ajfa-469	104	15	window	window	NOUN
ajfa-469	104	16	to	to	PART
ajfa-469	104	17	calculate	calculate	VERB
ajfa-469	104	18	the	the	DET
ajfa-469	104	19	overall	overall	ADJ
ajfa-469	104	20	car	car	NOUN
ajfa-469	104	21	for	for	ADP
ajfa-469	104	22	the	the	DET
ajfa-469	104	23	entire	entire	ADJ
ajfa-469	104	24	sample	sample	NOUN
ajfa-469	104	25	.	.	PUNCT
ajfa-469	105	1	daily	daily	ADJ
ajfa-469	105	2	return	return	PROPN
ajfa-469	105	3	rt	rt	PROPN
ajfa-469	105	4	is	be	AUX
ajfa-469	105	5	calculated	calculate	VERB
ajfa-469	105	6	as	as	ADP
ajfa-469	105	7	rt	rt	PROPN
ajfa-469	105	8	=	=	PROPN
ajfa-469	105	9	ln	ln	PROPN
ajfa-469	105	10	(	(	PUNCT
ajfa-469	105	11	pt	pt	INTJ
ajfa-469	105	12	)	)	PUNCT
ajfa-469	105	13	ln	ln	NOUN
ajfa-469	105	14	(	(	PUNCT
ajfa-469	105	15	pt-1	pt-1	ADV
ajfa-469	105	16	)	)	PUNCT
ajfa-469	105	17	(	(	PUNCT
ajfa-469	105	18	1	1	X
ajfa-469	105	19	)	)	PUNCT
ajfa-469	105	20	where	where	SCONJ
ajfa-469	105	21	pt	pt	PROPN
ajfa-469	105	22	is	be	AUX
ajfa-469	105	23	the	the	DET
ajfa-469	105	24	stock	stock	NOUN
ajfa-469	105	25	/	/	SYM
ajfa-469	105	26	nifty	nifty	ADJ
ajfa-469	105	27	closing	closing	NOUN
ajfa-469	105	28	price	price	NOUN
ajfa-469	105	29	at	at	ADP
ajfa-469	105	30	time	time	NOUN
ajfa-469	105	31	t	t	PROPN
ajfa-469	105	32	and	and	CCONJ
ajfa-469	105	33	pt-1	pt-1	ADV
ajfa-469	105	34	is	be	AUX
ajfa-469	105	35	the	the	DET
ajfa-469	105	36	stock	stock	NOUN
ajfa-469	105	37	/	/	SYM
ajfa-469	105	38	nifty	nifty	ADJ
ajfa-469	105	39	closing	closing	NOUN
ajfa-469	105	40	price	price	NOUN
ajfa-469	105	41	at	at	ADP
ajfa-469	105	42	time	time	NOUN
ajfa-469	105	43	t-1	t-1	PROPN
ajfa-469	105	44	.	.	PUNCT
ajfa-469	106	1	abnormal	abnormal	ADJ
ajfa-469	106	2	return	return	NOUN
ajfa-469	106	3	(	(	PUNCT
ajfa-469	106	4	arit	arit	NOUN
ajfa-469	106	5	)	)	PUNCT
ajfa-469	106	6	=	=	SYM
ajfa-469	106	7	rit	rit	NOUN
ajfa-469	106	8	rmt	rmt	NOUN
ajfa-469	106	9	,	,	PUNCT
ajfa-469	106	10	(	(	PUNCT
ajfa-469	106	11	2	2	X
ajfa-469	106	12	)	)	PUNCT
ajfa-469	106	13	where	where	SCONJ
ajfa-469	106	14	rit	rit	NOUN
ajfa-469	106	15	is	be	AUX
ajfa-469	106	16	the	the	DET
ajfa-469	106	17	stock	stock	NOUN
ajfa-469	106	18	return	return	NOUN
ajfa-469	106	19	and	and	CCONJ
ajfa-469	106	20	rmt	rmt	NOUN
ajfa-469	106	21	is	be	AUX
ajfa-469	106	22	the	the	DET
ajfa-469	106	23	nifty	nifty	ADJ
ajfa-469	106	24	index	index	NOUN
ajfa-469	106	25	return	return	NOUN
ajfa-469	106	26	on	on	ADP
ajfa-469	106	27	day	day	NOUN
ajfa-469	106	28	‘	'	PUNCT
ajfa-469	106	29	t	t	NOUN
ajfa-469	106	30	’	'	PUNCT
ajfa-469	106	31	.	.	PUNCT
ajfa-469	107	1	3.4	3.4	NUM
ajfa-469	107	2	abnormal	abnormal	ADJ
ajfa-469	107	3	volume	volume	NOUN
ajfa-469	107	4	the	the	DET
ajfa-469	107	5	volume	volume	NOUN
ajfa-469	107	6	effect	effect	NOUN
ajfa-469	107	7	is	be	AUX
ajfa-469	107	8	studied	study	VERB
ajfa-469	107	9	in	in	ADP
ajfa-469	107	10	the	the	DET
ajfa-469	107	11	spirit	spirit	NOUN
ajfa-469	107	12	of	of	ADP
ajfa-469	107	13	harris	harris	PROPN
ajfa-469	107	14	and	and	CCONJ
ajfa-469	107	15	gurel(1986	gurel(1986	PROPN
ajfa-469	107	16	)	)	PUNCT
ajfa-469	107	17	where	where	SCONJ
ajfa-469	107	18	volume	volume	NOUN
ajfa-469	107	19	ratio	ratio	NOUN
ajfa-469	107	20	vr	vr	NOUN
ajfa-469	107	21	=	=	PUNCT
ajfa-469	107	22	(	(	PUNCT
ajfa-469	107	23	vit	vit	NOUN
ajfa-469	107	24	/vmt	/vmt	PUNCT
ajfa-469	107	25	)	)	PUNCT
ajfa-469	107	26	÷	÷	PUNCT
ajfa-469	108	1	(	(	PUNCT
ajfa-469	108	2	vi	vi	PROPN
ajfa-469	108	3	/	/	SYM
ajfa-469	108	4	vm	vm	NOUN
ajfa-469	108	5	)	)	PUNCT
ajfa-469	108	6	(	(	PUNCT
ajfa-469	108	7	3	3	X
ajfa-469	108	8	)	)	PUNCT
ajfa-469	108	9	where	where	SCONJ
ajfa-469	108	10	vit	vit	NOUN
ajfa-469	108	11	and	and	CCONJ
ajfa-469	108	12	vmt	vmt	PROPN
ajfa-469	108	13	are	be	AUX
ajfa-469	108	14	the	the	DET
ajfa-469	108	15	trading	trading	NOUN
ajfa-469	108	16	volumes	volume	NOUN
ajfa-469	108	17	of	of	ADP
ajfa-469	108	18	security	security	NOUN
ajfa-469	108	19	i	i	PRON
ajfa-469	108	20	and	and	CCONJ
ajfa-469	108	21	the	the	DET
ajfa-469	108	22	total	total	ADJ
ajfa-469	108	23	nse	nse	NOUN
ajfa-469	108	24	respectively	respectively	ADV
ajfa-469	108	25	,	,	PUNCT
ajfa-469	108	26	and	and	CCONJ
ajfa-469	108	27	vi	vi	PROPN
ajfa-469	108	28	and	and	CCONJ
ajfa-469	108	29	vm	vm	PROPN
ajfa-469	108	30	are	be	AUX
ajfa-469	108	31	the	the	DET
ajfa-469	108	32	average	average	ADJ
ajfa-469	108	33	trading	trading	NOUN
ajfa-469	108	34	volumes	volume	NOUN
ajfa-469	108	35	of	of	ADP
ajfa-469	108	36	the	the	DET
ajfa-469	108	37	security	security	NOUN
ajfa-469	108	38	i	i	PRON
ajfa-469	108	39	and	and	CCONJ
ajfa-469	108	40	total	total	ADJ
ajfa-469	108	41	nse	nse	NOUN
ajfa-469	108	42	for	for	ADP
ajfa-469	108	43	the	the	DET
ajfa-469	108	44	period	period	NOUN
ajfa-469	108	45	ad-70	ad-70	NOUN
ajfa-469	108	46	through	through	ADP
ajfa-469	108	47	ad-10	ad-10	PRON
ajfa-469	108	48	.	.	PUNCT
ajfa-469	109	1	the	the	DET
ajfa-469	109	2	daily	daily	ADJ
ajfa-469	109	3	vr	vr	PROPN
ajfa-469	109	4	is	be	AUX
ajfa-469	109	5	averaged	average	VERB
ajfa-469	109	6	across	across	ADP
ajfa-469	109	7	the	the	DET
ajfa-469	109	8	various	various	ADJ
ajfa-469	109	9	event	event	NOUN
ajfa-469	109	10	windows	window	NOUN
ajfa-469	109	11	.	.	PUNCT
ajfa-469	110	1	the	the	DET
ajfa-469	110	2	volume	volume	NOUN
ajfa-469	110	3	ratio4	ratio4	NOUN
ajfa-469	110	4	should	should	AUX
ajfa-469	110	5	have	have	VERB
ajfa-469	110	6	a	a	DET
ajfa-469	110	7	value	value	NOUN
ajfa-469	110	8	of	of	ADP
ajfa-469	110	9	‘	'	PUNCT
ajfa-469	110	10	one	one	NUM
ajfa-469	110	11	’	'	PUNCT
ajfa-469	110	12	under	under	ADP
ajfa-469	110	13	null	null	ADJ
ajfa-469	110	14	hypothesis	hypothesis	NOUN
ajfa-469	110	15	.	.	PUNCT
ajfa-469	111	1	if	if	SCONJ
ajfa-469	111	2	in	in	ADP
ajfa-469	111	3	any	any	DET
ajfa-469	111	4	event	event	NOUN
ajfa-469	111	5	window	window	NOUN
ajfa-469	111	6	vr	vr	PROPN
ajfa-469	111	7	is	be	AUX
ajfa-469	111	8	significantly	significantly	ADV
ajfa-469	111	9	greater	great	ADJ
ajfa-469	111	10	than	than	ADP
ajfa-469	111	11	one	one	NUM
ajfa-469	111	12	then	then	ADV
ajfa-469	111	13	volume	volume	NOUN
ajfa-469	111	14	is	be	AUX
ajfa-469	111	15	said	say	VERB
ajfa-469	111	16	to	to	PART
ajfa-469	111	17	be	be	AUX
ajfa-469	111	18	abnormal	abnormal	ADJ
ajfa-469	111	19	for	for	ADP
ajfa-469	111	20	that	that	DET
ajfa-469	111	21	event	event	NOUN
ajfa-469	111	22	window	window	NOUN
ajfa-469	111	23	.	.	PUNCT
ajfa-469	112	1	3.5	3.5	NUM
ajfa-469	112	2	liquidity	liquidity	NOUN
ajfa-469	112	3	ratio	ratio	NOUN
ajfa-469	112	4	amihud(2002	amihud(2002	NOUN
ajfa-469	112	5	)	)	PUNCT
ajfa-469	112	6	liquidity	liquidity	NOUN
ajfa-469	112	7	measure	measure	NOUN
ajfa-469	112	8	is	be	AUX
ajfa-469	112	9	used	use	VERB
ajfa-469	112	10	.	.	PUNCT
ajfa-469	113	1	liquidity	liquidity	NOUN
ajfa-469	113	2	ratio	ratio	NOUN
ajfa-469	113	3	=	=	PUNCT
ajfa-469	113	4	volit	volit	ADJ
ajfa-469	113	5	/	/	SYM
ajfa-469	113	6	│	│	NUM
ajfa-469	113	7	rit	rit	NOUN
ajfa-469	113	8	│	│	X
ajfa-469	113	9	÷	÷	NUM
ajfa-469	113	10	voli	voli	PROPN
ajfa-469	113	11	/	/	SYM
ajfa-469	113	12	│	│	PROPN
ajfa-469	113	13	ri	ri	PROPN
ajfa-469	113	14	│	│	X
ajfa-469	113	15	(	(	PUNCT
ajfa-469	113	16	4	4	NUM
ajfa-469	113	17	)	)	PUNCT
ajfa-469	113	18	where	where	SCONJ
ajfa-469	113	19	volit	volit	NOUN
ajfa-469	113	20	is	be	AUX
ajfa-469	113	21	the	the	DET
ajfa-469	113	22	daily	daily	ADJ
ajfa-469	113	23	rupee	rupee	NOUN
ajfa-469	113	24	volume	volume	NOUN
ajfa-469	113	25	and	and	CCONJ
ajfa-469	113	26	rit	rit	NOUN
ajfa-469	113	27	is	be	AUX
ajfa-469	113	28	the	the	DET
ajfa-469	113	29	daily	daily	ADJ
ajfa-469	113	30	stock	stock	NOUN
ajfa-469	113	31	return	return	NOUN
ajfa-469	113	32	.	.	PUNCT
ajfa-469	114	1	‘	'	PUNCT
ajfa-469	114	2	voli	voli	X
ajfa-469	114	3	/	/	SYM
ajfa-469	114	4	│	│	X
ajfa-469	114	5	ri	ri	PROPN
ajfa-469	114	6	│	│	X
ajfa-469	114	7	’	'	PUNCT
ajfa-469	114	8	is	be	AUX
ajfa-469	114	9	the	the	DET
ajfa-469	114	10	average	average	ADJ
ajfa-469	114	11	liquidity	liquidity	NOUN
ajfa-469	114	12	of	of	ADP
ajfa-469	114	13	the	the	DET
ajfa-469	114	14	security	security	NOUN
ajfa-469	114	15	i	i	PRON
ajfa-469	114	16	for	for	ADP
ajfa-469	114	17	the	the	DET
ajfa-469	114	18	period	period	NOUN
ajfa-469	114	19	ad-70	ad-70	NOUN
ajfa-469	114	20	through	through	ADP
ajfa-469	114	21	ad-10	ad-10	PRON
ajfa-469	114	22	.	.	PUNCT
ajfa-469	115	1	if	if	SCONJ
ajfa-469	115	2	in	in	ADP
ajfa-469	115	3	any	any	DET
ajfa-469	115	4	event	event	NOUN
ajfa-469	115	5	window	window	NOUN
ajfa-469	115	6	the	the	DET
ajfa-469	115	7	average	average	ADJ
ajfa-469	115	8	liquidity	liquidity	NOUN
ajfa-469	115	9	ratio	ratio	NOUN
ajfa-469	115	10	is	be	AUX
ajfa-469	115	11	significantly	significantly	ADV
ajfa-469	115	12	greater	great	ADJ
ajfa-469	115	13	than	than	ADP
ajfa-469	115	14	one	one	NUM
ajfa-469	115	15	then	then	ADV
ajfa-469	115	16	liquidity	liquidity	NOUN
ajfa-469	115	17	is	be	AUX
ajfa-469	115	18	said	say	VERB
ajfa-469	115	19	to	to	PART
ajfa-469	115	20	be	be	AUX
ajfa-469	115	21	abnormal	abnormal	ADJ
ajfa-469	115	22	for	for	ADP
ajfa-469	115	23	that	that	DET
ajfa-469	115	24	event	event	NOUN
ajfa-469	115	25	window	window	NOUN
ajfa-469	115	26	.	.	PUNCT
ajfa-469	116	1	4	4	NUM
ajfa-469	116	2	volume	volume	NOUN
ajfa-469	116	3	in	in	ADP
ajfa-469	116	4	this	this	DET
ajfa-469	116	5	study	study	NOUN
ajfa-469	116	6	is	be	AUX
ajfa-469	116	7	the	the	DET
ajfa-469	116	8	number	number	NOUN
ajfa-469	116	9	of	of	ADP
ajfa-469	116	10	shares	share	NOUN
ajfa-469	116	11	traded	trade	VERB
ajfa-469	116	12	.	.	PUNCT
ajfa-469	117	1	the	the	DET
ajfa-469	117	2	daily	daily	ADJ
ajfa-469	117	3	stock	stock	NOUN
ajfa-469	117	4	volume	volume	NOUN
ajfa-469	117	5	is	be	AUX
ajfa-469	117	6	standardised	standardise	VERB
ajfa-469	117	7	using	use	VERB
ajfa-469	117	8	the	the	DET
ajfa-469	117	9	daily	daily	ADJ
ajfa-469	117	10	total	total	ADJ
ajfa-469	117	11	nse	nse	NOUN
ajfa-469	117	12	market	market	NOUN
ajfa-469	117	13	volume	volume	NOUN
ajfa-469	117	14	.	.	PUNCT
ajfa-469	118	1	the	the	DET
ajfa-469	118	2	calculation	calculation	NOUN
ajfa-469	118	3	of	of	ADP
ajfa-469	118	4	volume	volume	NOUN
ajfa-469	118	5	ratio	ratio	NOUN
ajfa-469	118	6	takes	take	VERB
ajfa-469	118	7	into	into	ADP
ajfa-469	118	8	account	account	NOUN
ajfa-469	118	9	the	the	DET
ajfa-469	118	10	capitalization	capitalization	NOUN
ajfa-469	118	11	changes	change	NOUN
ajfa-469	118	12	.	.	PUNCT
ajfa-469	119	1	asian	asian	ADJ
ajfa-469	119	2	journal	journal	PROPN
ajfa-469	119	3	of	of	ADP
ajfa-469	119	4	finance	finance	PROPN
ajfa-469	119	5	&	&	CCONJ
ajfa-469	119	6	accounting	accounting	PROPN
ajfa-469	119	7	issn	issn	PROPN
ajfa-469	119	8	1946	1946	NUM
ajfa-469	119	9	-	-	PUNCT
ajfa-469	119	10	052x	052x	NOUN
ajfa-469	119	11	2010	2010	NUM
ajfa-469	119	12	,	,	PUNCT
ajfa-469	119	13	vol	vol	NOUN
ajfa-469	119	14	.	.	PROPN
ajfa-469	119	15	2	2	NUM
ajfa-469	119	16	,	,	PUNCT
ajfa-469	119	17	no	no	INTJ
ajfa-469	119	18	.	.	NOUN
ajfa-469	119	19	2	2	NUM
ajfa-469	119	20	:	:	PUNCT
ajfa-469	119	21	e4	e4	PROPN
ajfa-469	119	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	119	23	61	61	NUM
ajfa-469	119	24	3.6	3.6	NUM
ajfa-469	119	25	the	the	DET
ajfa-469	119	26	event	event	NOUN
ajfa-469	119	27	and	and	CCONJ
ajfa-469	119	28	event	event	NOUN
ajfa-469	119	29	windows	window	NOUN
ajfa-469	119	30	in	in	ADP
ajfa-469	119	31	this	this	DET
ajfa-469	119	32	study	study	NOUN
ajfa-469	119	33	,	,	PUNCT
ajfa-469	119	34	the	the	DET
ajfa-469	119	35	nifty	nifty	ADJ
ajfa-469	119	36	index	index	NOUN
ajfa-469	119	37	inclusions	inclusion	NOUN
ajfa-469	119	38	between	between	ADP
ajfa-469	119	39	1999	1999	NUM
ajfa-469	119	40	-2010	-2010	PROPN
ajfa-469	119	41	are	be	AUX
ajfa-469	119	42	analyzed	analyze	VERB
ajfa-469	119	43	.	.	PUNCT
ajfa-469	120	1	the	the	DET
ajfa-469	120	2	two	two	NUM
ajfa-469	120	3	important	important	ADJ
ajfa-469	120	4	event	event	NOUN
ajfa-469	120	5	dates	date	NOUN
ajfa-469	120	6	are	be	AUX
ajfa-469	120	7	announcement	announcement	NOUN
ajfa-469	120	8	date	date	NOUN
ajfa-469	120	9	(	(	PUNCT
ajfa-469	120	10	ad	ad	NOUN
ajfa-469	120	11	or	or	CCONJ
ajfa-469	120	12	day	day	NOUN
ajfa-469	120	13	‘	'	PUNCT
ajfa-469	120	14	0	0	NUM
ajfa-469	120	15	’	'	PUNCT
ajfa-469	120	16	)	)	PUNCT
ajfa-469	120	17	and	and	CCONJ
ajfa-469	120	18	the	the	DET
ajfa-469	120	19	effective	effective	ADJ
ajfa-469	120	20	date	date	NOUN
ajfa-469	120	21	of	of	ADP
ajfa-469	120	22	inclusion(ed	inclusion(ed	NOUN
ajfa-469	120	23	)	)	PUNCT
ajfa-469	120	24	.	.	PUNCT
ajfa-469	121	1	the	the	DET
ajfa-469	121	2	actual	actual	ADJ
ajfa-469	121	3	ad	ad	NOUN
ajfa-469	121	4	is	be	AUX
ajfa-469	121	5	the	the	DET
ajfa-469	121	6	day	day	NOUN
ajfa-469	121	7	following	follow	VERB
ajfa-469	121	8	the	the	DET
ajfa-469	121	9	announcement	announcement	NOUN
ajfa-469	121	10	date	date	NOUN
ajfa-469	121	11	(	(	PUNCT
ajfa-469	121	12	ad+1	ad+1	NOUN
ajfa-469	121	13	or	or	CCONJ
ajfa-469	121	14	day	day	NOUN
ajfa-469	121	15	‘	'	PUNCT
ajfa-469	121	16	1	1	NUM
ajfa-469	121	17	’	'	PUNCT
ajfa-469	121	18	)	)	PUNCT
ajfa-469	121	19	as	as	ADP
ajfa-469	121	20	normally	normally	ADV
ajfa-469	121	21	announcements	announcement	NOUN
ajfa-469	121	22	regarding	regard	VERB
ajfa-469	121	23	inclusion	inclusion	NOUN
ajfa-469	121	24	are	be	AUX
ajfa-469	121	25	made	make	VERB
ajfa-469	121	26	after	after	ADP
ajfa-469	121	27	trading	trade	VERB
ajfa-469	121	28	hours	hour	NOUN
ajfa-469	121	29	and	and	CCONJ
ajfa-469	121	30	consequently	consequently	ADV
ajfa-469	121	31	the	the	DET
ajfa-469	121	32	effects	effect	NOUN
ajfa-469	121	33	are	be	AUX
ajfa-469	121	34	reflected	reflect	VERB
ajfa-469	121	35	the	the	DET
ajfa-469	121	36	next	next	ADJ
ajfa-469	121	37	day	day	NOUN
ajfa-469	121	38	of	of	ADP
ajfa-469	121	39	the	the	DET
ajfa-469	121	40	announcement	announcement	NOUN
ajfa-469	121	41	unlike	unlike	ADP
ajfa-469	121	42	the	the	DET
ajfa-469	121	43	us	us	PROPN
ajfa-469	121	44	market	market	NOUN
ajfa-469	121	45	,	,	PUNCT
ajfa-469	121	46	the	the	DET
ajfa-469	121	47	number	number	NOUN
ajfa-469	121	48	of	of	ADP
ajfa-469	121	49	days	day	NOUN
ajfa-469	121	50	between	between	ADP
ajfa-469	121	51	ad	ad	NOUN
ajfa-469	121	52	and	and	CCONJ
ajfa-469	121	53	ed	ed	NOUN
ajfa-469	121	54	varies	vary	VERB
ajfa-469	121	55	between	between	ADP
ajfa-469	121	56	5	5	NUM
ajfa-469	121	57	to	to	PART
ajfa-469	121	58	31	31	NUM
ajfa-469	121	59	trading	trading	NOUN
ajfa-469	121	60	days	day	NOUN
ajfa-469	121	61	(	(	PUNCT
ajfa-469	121	62	mean	mean	VERB
ajfa-469	121	63	is	be	AUX
ajfa-469	121	64	approximately	approximately	ADV
ajfa-469	121	65	25	25	NUM
ajfa-469	121	66	trading	trading	NOUN
ajfa-469	121	67	days	day	NOUN
ajfa-469	121	68	,	,	PUNCT
ajfa-469	121	69	median	median	NOUN
ajfa-469	121	70	is	be	AUX
ajfa-469	121	71	27	27	NUM
ajfa-469	121	72	days	day	NOUN
ajfa-469	121	73	)	)	PUNCT
ajfa-469	121	74	.	.	PUNCT
ajfa-469	122	1	in	in	ADP
ajfa-469	122	2	order	order	NOUN
ajfa-469	122	3	to	to	PART
ajfa-469	122	4	avoid	avoid	VERB
ajfa-469	122	5	the	the	DET
ajfa-469	122	6	effect	effect	NOUN
ajfa-469	122	7	of	of	ADP
ajfa-469	122	8	other	other	ADJ
ajfa-469	122	9	events	event	NOUN
ajfa-469	122	10	vitiating	vitiate	VERB
ajfa-469	122	11	the	the	DET
ajfa-469	122	12	study	study	NOUN
ajfa-469	122	13	of	of	ADP
ajfa-469	122	14	inclusion	inclusion	NOUN
ajfa-469	122	15	effects	effect	NOUN
ajfa-469	122	16	,	,	PUNCT
ajfa-469	122	17	the	the	DET
ajfa-469	122	18	total	total	ADJ
ajfa-469	122	19	event	event	NOUN
ajfa-469	122	20	window	window	NOUN
ajfa-469	122	21	starts	start	VERB
ajfa-469	122	22	10	10	NUM
ajfa-469	122	23	days	day	NOUN
ajfa-469	122	24	before	before	ADP
ajfa-469	122	25	ad	ad	NOUN
ajfa-469	122	26	and	and	CCONJ
ajfa-469	122	27	ends	end	VERB
ajfa-469	122	28	60	60	NUM
ajfa-469	122	29	days	day	NOUN
ajfa-469	122	30	after	after	ADP
ajfa-469	122	31	inclusion	inclusion	NOUN
ajfa-469	122	32	.	.	PUNCT
ajfa-469	123	1	the	the	DET
ajfa-469	123	2	event	event	NOUN
ajfa-469	123	3	windows	window	NOUN
ajfa-469	123	4	are	be	AUX
ajfa-469	123	5	1	1	NUM
ajfa-469	123	6	.	.	PUNCT
ajfa-469	123	7	anticipation	anticipation	NOUN
ajfa-469	123	8	window	window	NOUN
ajfa-469	123	9	runs	run	VERB
ajfa-469	123	10	through	through	ADP
ajfa-469	123	11	ad-10	ad-10	PRON
ajfa-469	123	12	to	to	ADP
ajfa-469	123	13	ad	ad	NOUN
ajfa-469	123	14	.	.	PUNCT
ajfa-469	124	1	2	2	X
ajfa-469	124	2	.	.	X
ajfa-469	124	3	ad	ad	NOUN
ajfa-469	124	4	window5	window5	PROPN
ajfa-469	124	5	includes	include	VERB
ajfa-469	124	6	ad+1	ad+1	PROPN
ajfa-469	124	7	,	,	PUNCT
ajfa-469	124	8	ad+2	ad+2	ADJ
ajfa-469	124	9	,	,	PUNCT
ajfa-469	124	10	ad+3	ad+3	PROPN
ajfa-469	124	11	.	.	PROPN
ajfa-469	124	12	3	3	X
ajfa-469	124	13	.	.	X
ajfa-469	124	14	run	run	VERB
ajfa-469	124	15	up	up	ADP
ajfa-469	124	16	window	window	NOUN
ajfa-469	124	17	covers	cover	VERB
ajfa-469	124	18	the	the	DET
ajfa-469	124	19	period	period	NOUN
ajfa-469	124	20	ad+4	ad+4	ADV
ajfa-469	124	21	to	to	ADP
ajfa-469	124	22	ed-1	ed-1	NOUN
ajfa-469	124	23	.	.	PUNCT
ajfa-469	125	1	4	4	X
ajfa-469	125	2	.	.	X
ajfa-469	125	3	ed	ed	NOUN
ajfa-469	125	4	is	be	AUX
ajfa-469	125	5	the	the	DET
ajfa-469	125	6	actual	actual	ADJ
ajfa-469	125	7	inclusion	inclusion	NOUN
ajfa-469	125	8	date	date	NOUN
ajfa-469	125	9	.	.	PUNCT
ajfa-469	126	1	5	5	X
ajfa-469	126	2	.	.	X
ajfa-469	126	3	release	release	NOUN
ajfa-469	126	4	window	window	NOUN
ajfa-469	126	5	which	which	PRON
ajfa-469	126	6	runs	run	VERB
ajfa-469	126	7	from	from	ADP
ajfa-469	126	8	ed+1	ed+1	PROPN
ajfa-469	126	9	to	to	PART
ajfa-469	126	10	release	release	VERB
ajfa-469	126	11	ending	ending	NOUN
ajfa-469	126	12	day	day	NOUN
ajfa-469	126	13	(	(	PUNCT
ajfa-469	126	14	lynch	lynch	PROPN
ajfa-469	126	15	and	and	CCONJ
ajfa-469	126	16	mendenhall	mendenhall	NOUN
ajfa-469	126	17	,	,	PUNCT
ajfa-469	126	18	1997	1997	NUM
ajfa-469	126	19	)	)	PUNCT
ajfa-469	126	20	.	.	PUNCT
ajfa-469	127	1	6	6	X
ajfa-469	127	2	.	.	X
ajfa-469	127	3	ed	ed	NOUN
ajfa-469	127	4	long	long	ADJ
ajfa-469	127	5	run	run	NOUN
ajfa-469	127	6	window	window	NOUN
ajfa-469	127	7	running	run	VERB
ajfa-469	127	8	from	from	ADP
ajfa-469	127	9	ed	ed	NOUN
ajfa-469	127	10	to	to	ADP
ajfa-469	127	11	ed+60	ed+60	PROPN
ajfa-469	127	12	7	7	NUM
ajfa-469	127	13	.	.	PUNCT
ajfa-469	128	1	finally	finally	ADV
ajfa-469	128	2	,	,	PUNCT
ajfa-469	128	3	the	the	DET
ajfa-469	128	4	long	long	ADJ
ajfa-469	128	5	term	term	NOUN
ajfa-469	128	6	effect	effect	NOUN
ajfa-469	128	7	window	window	NOUN
ajfa-469	128	8	is	be	AUX
ajfa-469	128	9	studied	study	VERB
ajfa-469	128	10	between	between	ADP
ajfa-469	128	11	ed+30	ed+30	NOUN
ajfa-469	128	12	to	to	ADP
ajfa-469	128	13	ed+60	ed+60	PROPN
ajfa-469	128	14	.	.	PUNCT
ajfa-469	129	1	according	accord	VERB
ajfa-469	129	2	to	to	ADP
ajfa-469	129	3	lynch	lynch	PROPN
ajfa-469	129	4	and	and	CCONJ
ajfa-469	129	5	mendenhall	mendenhall	NOUN
ajfa-469	129	6	(	(	PUNCT
ajfa-469	129	7	1997	1997	NUM
ajfa-469	129	8	)	)	PUNCT
ajfa-469	129	9	,	,	PUNCT
ajfa-469	129	10	the	the	DET
ajfa-469	129	11	release	release	NOUN
ajfa-469	129	12	ending	end	VERB
ajfa-469	129	13	day	day	NOUN
ajfa-469	129	14	is	be	AUX
ajfa-469	129	15	the	the	DET
ajfa-469	129	16	day	day	NOUN
ajfa-469	129	17	when	when	SCONJ
ajfa-469	129	18	the	the	DET
ajfa-469	129	19	demand	demand	NOUN
ajfa-469	129	20	for	for	ADP
ajfa-469	129	21	the	the	DET
ajfa-469	129	22	stocks	stock	NOUN
ajfa-469	129	23	reach	reach	VERB
ajfa-469	129	24	the	the	DET
ajfa-469	129	25	normal	normal	ADJ
ajfa-469	129	26	post	post	NOUN
ajfa-469	129	27	change	change	NOUN
ajfa-469	129	28	level	level	NOUN
ajfa-469	129	29	(	(	PUNCT
ajfa-469	129	30	ie	ie	X
ajfa-469	129	31	.	.	PUNCT
ajfa-469	130	1	when	when	SCONJ
ajfa-469	130	2	the	the	DET
ajfa-469	130	3	index	index	NOUN
ajfa-469	130	4	demand	demand	NOUN
ajfa-469	130	5	ends	end	VERB
ajfa-469	130	6	and	and	CCONJ
ajfa-469	130	7	price	price	NOUN
ajfa-469	130	8	release	release	NOUN
ajfa-469	130	9	starts	start	NOUN
ajfa-469	130	10	(	(	PUNCT
ajfa-469	130	11	price	price	NOUN
ajfa-469	130	12	pressure	pressure	NOUN
ajfa-469	130	13	ends	end	VERB
ajfa-469	130	14	)	)	PUNCT
ajfa-469	130	15	)	)	PUNCT
ajfa-469	130	16	.	.	PUNCT
ajfa-469	131	1	the	the	DET
ajfa-469	131	2	volume	volume	NOUN
ajfa-469	131	3	is	be	AUX
ajfa-469	131	4	estimated	estimate	VERB
ajfa-469	131	5	to	to	PART
ajfa-469	131	6	have	have	AUX
ajfa-469	131	7	returned	return	VERB
ajfa-469	131	8	to	to	ADP
ajfa-469	131	9	the	the	DET
ajfa-469	131	10	normal	normal	ADJ
ajfa-469	131	11	post	post	NOUN
ajfa-469	131	12	inclusion	inclusion	NOUN
ajfa-469	131	13	level	level	NOUN
ajfa-469	131	14	on	on	ADP
ajfa-469	131	15	the	the	DET
ajfa-469	131	16	earliest	early	ADJ
ajfa-469	131	17	day	day	NOUN
ajfa-469	131	18	after	after	ADP
ajfa-469	131	19	the	the	DET
ajfa-469	131	20	change	change	NOUN
ajfa-469	131	21	day	day	NOUN
ajfa-469	131	22	when	when	SCONJ
ajfa-469	131	23	the	the	DET
ajfa-469	131	24	mean	mean	ADJ
ajfa-469	131	25	abnormal	abnormal	ADJ
ajfa-469	131	26	volume	volume	NOUN
ajfa-469	131	27	is	be	AUX
ajfa-469	131	28	lower	low	ADJ
ajfa-469	131	29	than	than	ADP
ajfa-469	131	30	the	the	DET
ajfa-469	131	31	average	average	ADJ
ajfa-469	131	32	mean	mean	ADJ
ajfa-469	131	33	abnormal	abnormal	ADJ
ajfa-469	131	34	volume	volume	NOUN
ajfa-469	131	35	for	for	ADP
ajfa-469	131	36	all	all	DET
ajfa-469	131	37	the	the	DET
ajfa-469	131	38	days	day	NOUN
ajfa-469	131	39	from	from	ADP
ajfa-469	131	40	that	that	DET
ajfa-469	131	41	day	day	NOUN
ajfa-469	131	42	through	through	ADP
ajfa-469	131	43	to	to	ADP
ajfa-469	131	44	ed	ed	NOUN
ajfa-469	131	45	+10	+10	NOUN
ajfa-469	131	46	.	.	PUNCT
ajfa-469	132	1	similar	similar	ADJ
ajfa-469	132	2	to	to	ADP
ajfa-469	132	3	other	other	ADJ
ajfa-469	132	4	studies	study	NOUN
ajfa-469	132	5	‘	'	PUNCT
ajfa-469	132	6	price	price	NOUN
ajfa-469	132	7	pressure	pressure	NOUN
ajfa-469	132	8	hypothesis	hypothesis	NOUN
ajfa-469	132	9	’	'	PUNCT
ajfa-469	132	10	is	be	AUX
ajfa-469	132	11	analysed	analyse	VERB
ajfa-469	132	12	around	around	ADP
ajfa-469	132	13	ed	ed	NOUN
ajfa-469	132	14	as	as	SCONJ
ajfa-469	132	15	the	the	DET
ajfa-469	132	16	index	index	NOUN
ajfa-469	132	17	funds	fund	NOUN
ajfa-469	132	18	rebalance	rebalance	VERB
ajfa-469	132	19	their	their	PRON
ajfa-469	132	20	portfolio	portfolio	NOUN
ajfa-469	132	21	around	around	ADP
ajfa-469	132	22	ed	ed	PROPN
ajfa-469	132	23	to	to	PART
ajfa-469	132	24	avoid	avoid	VERB
ajfa-469	132	25	tracking	tracking	NOUN
ajfa-469	132	26	error6	error6	ADJ
ajfa-469	132	27	.	.	PUNCT
ajfa-469	133	1	all	all	DET
ajfa-469	133	2	the	the	DET
ajfa-469	133	3	other	other	ADJ
ajfa-469	133	4	explanations	explanation	NOUN
ajfa-469	133	5	are	be	AUX
ajfa-469	133	6	studied	study	VERB
ajfa-469	133	7	around	around	ADP
ajfa-469	133	8	ad	ad	NOUN
ajfa-469	133	9	(	(	PUNCT
ajfa-469	133	10	lynch	lynch	PROPN
ajfa-469	133	11	and	and	CCONJ
ajfa-469	133	12	mendenhall	mendenhall	NOUN
ajfa-469	133	13	,	,	PUNCT
ajfa-469	133	14	1997	1997	NUM
ajfa-469	133	15	)	)	PUNCT
ajfa-469	133	16	.	.	PUNCT
ajfa-469	134	1	3.7	3.7	NUM
ajfa-469	134	2	regressions	regression	NOUN
ajfa-469	134	3	firstly	firstly	ADV
ajfa-469	134	4	,	,	PUNCT
ajfa-469	134	5	regression	regression	NOUN
ajfa-469	134	6	with	with	ADP
ajfa-469	134	7	dummy	dummy	ADJ
ajfa-469	134	8	variables7	variables7	PROPN
ajfa-469	134	9	is	be	AUX
ajfa-469	134	10	used	use	VERB
ajfa-469	134	11	to	to	PART
ajfa-469	134	12	distinguish	distinguish	VERB
ajfa-469	134	13	between	between	ADP
ajfa-469	134	14	the	the	DET
ajfa-469	134	15	event	event	NOUN
ajfa-469	134	16	days	day	NOUN
ajfa-469	134	17	ad+1	ad+1	ADP
ajfa-469	134	18	abnormal	abnormal	ADJ
ajfa-469	134	19	return	return	NOUN
ajfa-469	134	20	and	and	CCONJ
ajfa-469	134	21	ed	ed	PROPN
ajfa-469	134	22	abnormal	abnormal	ADJ
ajfa-469	134	23	return	return	NOUN
ajfa-469	134	24	separately	separately	ADV
ajfa-469	134	25	with	with	ADP
ajfa-469	134	26	that	that	PRON
ajfa-469	134	27	of	of	ADP
ajfa-469	134	28	other	other	ADJ
ajfa-469	134	29	days	day	NOUN
ajfa-469	134	30	.	.	PUNCT
ajfa-469	135	1	yi=	yi=	PROPN
ajfa-469	135	2	β0	β0	PROPN
ajfa-469	136	1	+	+	CCONJ
ajfa-469	136	2	β1	β1	PROPN
ajfa-469	136	3	*	*	PUNCT
ajfa-469	136	4	zi	zi	PROPN
ajfa-469	136	5	+	+	CCONJ
ajfa-469	136	6	ε	ε	PROPN
ajfa-469	136	7	(	(	PUNCT
ajfa-469	136	8	5	5	NUM
ajfa-469	136	9	)	)	PUNCT
ajfa-469	136	10	where	where	SCONJ
ajfa-469	136	11	,	,	PUNCT
ajfa-469	136	12	zi	zi	PROPN
ajfa-469	136	13	is	be	AUX
ajfa-469	136	14	‘	'	PUNCT
ajfa-469	136	15	1	1	NUM
ajfa-469	136	16	’	'	PUNCT
ajfa-469	136	17	if	if	SCONJ
ajfa-469	136	18	ad+1	ad+1	PROPN
ajfa-469	136	19	or	or	CCONJ
ajfa-469	136	20	ed	ed	NOUN
ajfa-469	136	21	and	and	CCONJ
ajfa-469	136	22	‘	'	PUNCT
ajfa-469	136	23	0	0	NUM
ajfa-469	136	24	’	'	PUNCT
ajfa-469	136	25	otherwise	otherwise	ADV
ajfa-469	136	26	.	.	PUNCT
ajfa-469	137	1	β1	β1	NOUN
ajfa-469	137	2	measures	measure	VERB
ajfa-469	137	3	the	the	DET
ajfa-469	137	4	difference	difference	NOUN
ajfa-469	137	5	in	in	ADP
ajfa-469	137	6	the	the	DET
ajfa-469	137	7	5	5	NUM
ajfa-469	137	8	the	the	DET
ajfa-469	137	9	rationale	rationale	NOUN
ajfa-469	137	10	behind	behind	ADP
ajfa-469	137	11	the	the	DET
ajfa-469	137	12	choice	choice	NOUN
ajfa-469	137	13	of	of	ADP
ajfa-469	137	14	ad	ad	NOUN
ajfa-469	137	15	window	window	NOUN
ajfa-469	137	16	as	as	SCONJ
ajfa-469	137	17	ad+1,ad+2,ad+3	ad+1,ad+2,ad+3	PROPN
ajfa-469	137	18	is	be	AUX
ajfa-469	137	19	based	base	VERB
ajfa-469	137	20	on	on	ADP
ajfa-469	137	21	the	the	DET
ajfa-469	137	22	criterion	criterion	NOUN
ajfa-469	137	23	that	that	PRON
ajfa-469	137	24	both	both	PRON
ajfa-469	137	25	mean	mean	VERB
ajfa-469	137	26	and	and	CCONJ
ajfa-469	137	27	median	median	ADJ
ajfa-469	137	28	vr	vr	PROPN
ajfa-469	137	29	is	be	AUX
ajfa-469	137	30	greater	great	ADJ
ajfa-469	137	31	than	than	ADP
ajfa-469	137	32	‘	'	PUNCT
ajfa-469	137	33	1	1	NUM
ajfa-469	137	34	’	'	PUNCT
ajfa-469	137	35	.	.	PUNCT
ajfa-469	138	1	also	also	ADV
ajfa-469	138	2	for	for	ADP
ajfa-469	138	3	the	the	DET
ajfa-469	138	4	ad	ad	NOUN
ajfa-469	138	5	window	window	NOUN
ajfa-469	138	6	the	the	DET
ajfa-469	138	7	number	number	NOUN
ajfa-469	138	8	of	of	ADP
ajfa-469	138	9	stocks	stock	NOUN
ajfa-469	138	10	for	for	ADP
ajfa-469	138	11	which	which	DET
ajfa-469	138	12	car	car	NOUN
ajfa-469	138	13	>	>	X
ajfa-469	138	14	0	0	NUM
ajfa-469	138	15	is	be	AUX
ajfa-469	138	16	more	more	ADJ
ajfa-469	138	17	than	than	ADP
ajfa-469	138	18	50	50	NUM
ajfa-469	138	19	%	%	NOUN
ajfa-469	138	20	.	.	PUNCT
ajfa-469	139	1	neither	neither	CCONJ
ajfa-469	139	2	ad	ad	NOUN
ajfa-469	139	3	nor	nor	CCONJ
ajfa-469	139	4	ad+4	ad+4	ADP
ajfa-469	139	5	satisfies	satisfie	NOUN
ajfa-469	139	6	the	the	DET
ajfa-469	139	7	above	above	ADJ
ajfa-469	139	8	criterion	criterion	NOUN
ajfa-469	139	9	6	6	NUM
ajfa-469	139	10	tracking	tracking	NOUN
ajfa-469	139	11	error	error	NOUN
ajfa-469	139	12	is	be	AUX
ajfa-469	139	13	the	the	DET
ajfa-469	139	14	annualized	annualize	VERB
ajfa-469	139	15	standard	standard	ADJ
ajfa-469	139	16	deviation	deviation	NOUN
ajfa-469	139	17	between	between	ADP
ajfa-469	139	18	the	the	DET
ajfa-469	139	19	index	index	NOUN
ajfa-469	139	20	fund	fund	NOUN
ajfa-469	139	21	and	and	CCONJ
ajfa-469	139	22	its	its	PRON
ajfa-469	139	23	target	target	NOUN
ajfa-469	139	24	index	index	NOUN
ajfa-469	139	25	7	7	NUM
ajfa-469	139	26	the	the	DET
ajfa-469	139	27	use	use	NOUN
ajfa-469	139	28	of	of	ADP
ajfa-469	139	29	this	this	DET
ajfa-469	139	30	technique	technique	NOUN
ajfa-469	139	31	deviates	deviate	VERB
ajfa-469	139	32	from	from	ADP
ajfa-469	139	33	the	the	DET
ajfa-469	139	34	past	past	ADJ
ajfa-469	139	35	research	research	NOUN
ajfa-469	139	36	on	on	ADP
ajfa-469	139	37	index	index	NOUN
ajfa-469	139	38	additions	addition	NOUN
ajfa-469	139	39	.	.	PUNCT
ajfa-469	140	1	asian	asian	ADJ
ajfa-469	140	2	journal	journal	PROPN
ajfa-469	140	3	of	of	ADP
ajfa-469	140	4	finance	finance	PROPN
ajfa-469	140	5	&	&	CCONJ
ajfa-469	140	6	accounting	accounting	PROPN
ajfa-469	140	7	issn	issn	PROPN
ajfa-469	140	8	1946	1946	NUM
ajfa-469	140	9	-	-	PUNCT
ajfa-469	140	10	052x	052x	NOUN
ajfa-469	140	11	2010	2010	NUM
ajfa-469	140	12	,	,	PUNCT
ajfa-469	140	13	vol	vol	NOUN
ajfa-469	140	14	.	.	PROPN
ajfa-469	140	15	2	2	NUM
ajfa-469	140	16	,	,	PUNCT
ajfa-469	140	17	no	no	INTJ
ajfa-469	140	18	.	.	NOUN
ajfa-469	140	19	2	2	NUM
ajfa-469	140	20	:	:	PUNCT
ajfa-469	140	21	e4	e4	PROPN
ajfa-469	140	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	140	23	62	62	NUM
ajfa-469	140	24	abnormal	abnormal	ADJ
ajfa-469	140	25	return	return	NOUN
ajfa-469	140	26	between	between	ADP
ajfa-469	140	27	the	the	DET
ajfa-469	140	28	event	event	NOUN
ajfa-469	140	29	days	day	NOUN
ajfa-469	140	30	and	and	CCONJ
ajfa-469	140	31	other	other	ADJ
ajfa-469	140	32	days	day	NOUN
ajfa-469	140	33	.	.	PUNCT
ajfa-469	141	1	secondly	secondly	ADV
ajfa-469	141	2	,	,	PUNCT
ajfa-469	141	3	the	the	DET
ajfa-469	141	4	cross	cross	ADJ
ajfa-469	141	5	sectional	sectional	ADJ
ajfa-469	141	6	regressions	regression	NOUN
ajfa-469	141	7	in	in	ADP
ajfa-469	141	8	the	the	DET
ajfa-469	141	9	spirit	spirit	NOUN
ajfa-469	141	10	of	of	ADP
ajfa-469	141	11	shliefer(1986	shliefer(1986	NOUN
ajfa-469	141	12	)	)	PUNCT
ajfa-469	141	13	who	who	PRON
ajfa-469	141	14	regressed	regress	VERB
ajfa-469	141	15	the	the	DET
ajfa-469	141	16	day	day	NOUN
ajfa-469	141	17	‘	'	PUNCT
ajfa-469	141	18	1	1	NUM
ajfa-469	141	19	’	'	PUNCT
ajfa-469	141	20	ad	ad	NOUN
ajfa-469	141	21	window	window	NOUN
ajfa-469	141	22	abnormal	abnormal	ADJ
ajfa-469	141	23	return	return	NOUN
ajfa-469	141	24	(	(	PUNCT
ajfa-469	141	25	abret	abret	ADJ
ajfa-469	141	26	car	car	NOUN
ajfa-469	141	27	)	)	PUNCT
ajfa-469	141	28	and	and	CCONJ
ajfa-469	141	29	abnormal	abnormal	ADJ
ajfa-469	141	30	volume	volume	NOUN
ajfa-469	141	31	(	(	PUNCT
ajfa-469	141	32	abvol	abvol	NOUN
ajfa-469	141	33	)	)	PUNCT
ajfa-469	141	34	to	to	PART
ajfa-469	141	35	examine	examine	VERB
ajfa-469	141	36	the	the	DET
ajfa-469	141	37	relationship	relationship	NOUN
ajfa-469	141	38	between	between	ADP
ajfa-469	141	39	abnormal	abnormal	ADJ
ajfa-469	141	40	return	return	NOUN
ajfa-469	141	41	and	and	CCONJ
ajfa-469	141	42	abnormal	abnormal	ADJ
ajfa-469	141	43	volume	volume	NOUN
ajfa-469	141	44	as	as	ADP
ajfa-469	141	45	a	a	DET
ajfa-469	141	46	significant	significant	ADJ
ajfa-469	141	47	slope	slope	NOUN
ajfa-469	141	48	co	co	NOUN
ajfa-469	141	49	-	-	ADJ
ajfa-469	141	50	efficient	efficient	ADJ
ajfa-469	141	51	is	be	AUX
ajfa-469	141	52	consistent	consistent	ADJ
ajfa-469	141	53	with	with	ADP
ajfa-469	141	54	downward	downward	ADJ
ajfa-469	141	55	sloping	sloping	NOUN
ajfa-469	141	56	curves	curve	NOUN
ajfa-469	141	57	for	for	ADP
ajfa-469	141	58	the	the	DET
ajfa-469	141	59	added	add	VERB
ajfa-469	141	60	stocks	stock	NOUN
ajfa-469	141	61	.	.	PUNCT
ajfa-469	142	1	ad	ad	NOUN
ajfa-469	142	2	window	window	NOUN
ajfa-469	142	3	abret	abret	NOUN
ajfa-469	142	4	car	car	NOUN
ajfa-469	142	5	=	=	PUNCT
ajfa-469	142	6	α	α	PROPN
ajfa-469	142	7	+	+	X
ajfa-469	142	8	ψ	ψ	X
ajfa-469	142	9	*	*	PUNCT
ajfa-469	142	10	ad	ad	NOUN
ajfa-469	142	11	abvol	abvol	NOUN
ajfa-469	142	12	(	(	PUNCT
ajfa-469	142	13	6	6	NUM
ajfa-469	142	14	)	)	PUNCT
ajfa-469	142	15	ad	ad	NOUN
ajfa-469	142	16	window	window	NOUN
ajfa-469	142	17	abret	abret	NOUN
ajfa-469	142	18	car	car	NOUN
ajfa-469	142	19	=	=	PUNCT
ajfa-469	142	20	α	α	PROPN
ajfa-469	142	21	+	+	X
ajfa-469	142	22	ψ	ψ	X
ajfa-469	142	23	*	*	PUNCT
ajfa-469	142	24	ad	ad	NOUN
ajfa-469	142	25	abvol	abvol	NOUN
ajfa-469	142	26	+	+	CCONJ
ajfa-469	142	27	µ	µ	PROPN
ajfa-469	142	28	*	*	ADJ
ajfa-469	142	29	usvol	usvol	NOUN
ajfa-469	142	30	(	(	PUNCT
ajfa-469	142	31	7	7	NUM
ajfa-469	142	32	)	)	PUNCT
ajfa-469	142	33	where	where	SCONJ
ajfa-469	142	34	,	,	PUNCT
ajfa-469	142	35	abret	abret	NOUN
ajfa-469	142	36	is	be	AUX
ajfa-469	142	37	the	the	DET
ajfa-469	142	38	abnormal	abnormal	ADJ
ajfa-469	142	39	return	return	NOUN
ajfa-469	142	40	,	,	PUNCT
ajfa-469	142	41	abvol	abvol	NOUN
ajfa-469	142	42	is	be	AUX
ajfa-469	142	43	the	the	DET
ajfa-469	142	44	abnormal	abnormal	ADJ
ajfa-469	142	45	volume	volume	NOUN
ajfa-469	142	46	and	and	CCONJ
ajfa-469	142	47	usvol	usvol	NOUN
ajfa-469	142	48	is	be	AUX
ajfa-469	142	49	the	the	DET
ajfa-469	142	50	usual	usual	ADJ
ajfa-469	142	51	volume	volume	NOUN
ajfa-469	142	52	(	(	PUNCT
ajfa-469	142	53	average	average	ADJ
ajfa-469	142	54	vr	vr	NOUN
ajfa-469	142	55	from	from	ADP
ajfa-469	142	56	ad-10	ad-10	PRON
ajfa-469	142	57	to	to	ADP
ajfa-469	142	58	ad-1	ad-1	NUM
ajfa-469	142	59	)	)	PUNCT
ajfa-469	142	60	.	.	PUNCT
ajfa-469	143	1	another	another	DET
ajfa-469	143	2	regression	regression	NOUN
ajfa-469	143	3	for	for	ADP
ajfa-469	143	4	examining	examine	VERB
ajfa-469	143	5	the	the	DET
ajfa-469	143	6	co	co	NOUN
ajfa-469	143	7	-	-	NOUN
ajfa-469	143	8	movement	movement	NOUN
ajfa-469	143	9	of	of	ADP
ajfa-469	143	10	the	the	DET
ajfa-469	143	11	added	add	VERB
ajfa-469	143	12	stocks	stock	NOUN
ajfa-469	143	13	rit	rit	NOUN
ajfa-469	143	14	=	=	NOUN
ajfa-469	143	15	α	α	PROPN
ajfa-469	144	1	+	+	X
ajfa-469	144	2	β	β	NOUN
ajfa-469	144	3	*	*	PUNCT
ajfa-469	144	4	rmt	rmt	NOUN
ajfa-469	144	5	+	+	CCONJ
ajfa-469	144	6	εit	εit	NOUN
ajfa-469	144	7	(	(	PUNCT
ajfa-469	144	8	8)	8)	NUM
ajfa-469	144	9	where	where	SCONJ
ajfa-469	144	10	,	,	PUNCT
ajfa-469	144	11	rit	rit	PROPN
ajfa-469	144	12	is	be	AUX
ajfa-469	144	13	stock	stock	NOUN
ajfa-469	144	14	return	return	NOUN
ajfa-469	144	15	,	,	PUNCT
ajfa-469	144	16	rmt	rmt	NOUN
ajfa-469	144	17	is	be	AUX
ajfa-469	144	18	the	the	DET
ajfa-469	144	19	nifty	nifty	ADJ
ajfa-469	144	20	index	index	NOUN
ajfa-469	144	21	return	return	NOUN
ajfa-469	144	22	on	on	ADP
ajfa-469	144	23	day	day	NOUN
ajfa-469	144	24	‘	'	PUNCT
ajfa-469	144	25	t	t	NOUN
ajfa-469	144	26	’	'	PUNCT
ajfa-469	144	27	and	and	CCONJ
ajfa-469	144	28	εit	εit	PROPN
ajfa-469	144	29	is	be	AUX
ajfa-469	144	30	a	a	DET
ajfa-469	144	31	random	random	ADJ
ajfa-469	144	32	variable	variable	NOUN
ajfa-469	144	33	with	with	ADP
ajfa-469	144	34	expected	expect	VERB
ajfa-469	144	35	value	value	NOUN
ajfa-469	144	36	of	of	ADP
ajfa-469	144	37	zero	zero	NUM
ajfa-469	144	38	and	and	CCONJ
ajfa-469	144	39	assumed	assume	VERB
ajfa-469	144	40	to	to	PART
ajfa-469	144	41	be	be	AUX
ajfa-469	144	42	uncorrelated	uncorrelate	VERB
ajfa-469	144	43	with	with	ADP
ajfa-469	144	44	rmt	rmt	NOUN
ajfa-469	144	45	.	.	PUNCT
ajfa-469	145	1	the	the	DET
ajfa-469	145	2	daily	daily	ADJ
ajfa-469	145	3	pre	pre	ADJ
ajfa-469	145	4	-	-	ADJ
ajfa-469	145	5	event	event	ADJ
ajfa-469	145	6	regression	regression	NOUN
ajfa-469	145	7	is	be	AUX
ajfa-469	145	8	run	run	VERB
ajfa-469	145	9	for	for	ADP
ajfa-469	145	10	the	the	DET
ajfa-469	145	11	period	period	NOUN
ajfa-469	145	12	ad-70	ad-70	X
ajfa-469	145	13	to	to	ADP
ajfa-469	145	14	ad-10	ad-10	PRON
ajfa-469	145	15	.	.	PUNCT
ajfa-469	146	1	the	the	DET
ajfa-469	146	2	daily	daily	ADJ
ajfa-469	146	3	post	post	NOUN
ajfa-469	146	4	event	event	NOUN
ajfa-469	146	5	regression	regression	NOUN
ajfa-469	146	6	is	be	AUX
ajfa-469	146	7	run	run	VERB
ajfa-469	146	8	for	for	ADP
ajfa-469	146	9	ed+10	ed+10	PROPN
ajfa-469	146	10	to	to	ADP
ajfa-469	146	11	ed+70	ed+70	PROPN
ajfa-469	146	12	.	.	PUNCT
ajfa-469	147	1	the	the	DET
ajfa-469	147	2	focus	focus	NOUN
ajfa-469	147	3	of	of	ADP
ajfa-469	147	4	interest	interest	NOUN
ajfa-469	147	5	is	be	AUX
ajfa-469	147	6	the	the	DET
ajfa-469	147	7	difference	difference	NOUN
ajfa-469	147	8	βc	βc	PRON
ajfa-469	147	9	which	which	PRON
ajfa-469	147	10	is	be	AUX
ajfa-469	147	11	calculated	calculate	VERB
ajfa-469	147	12	for	for	ADP
ajfa-469	147	13	each	each	DET
ajfa-469	147	14	added	add	VERB
ajfa-469	147	15	stock	stock	NOUN
ajfa-469	147	16	by	by	ADP
ajfa-469	147	17	subtracting	subtract	VERB
ajfa-469	147	18	the	the	DET
ajfa-469	147	19	preevent	preevent	NOUN
ajfa-469	147	20	beta	beta	NOUN
ajfa-469	147	21	from	from	ADP
ajfa-469	147	22	the	the	DET
ajfa-469	147	23	post	post	NOUN
ajfa-469	147	24	event	event	NOUN
ajfa-469	147	25	beta	beta	NOUN
ajfa-469	147	26	.	.	PUNCT
ajfa-469	148	1	4	4	X
ajfa-469	148	2	.	.	NUM
ajfa-469	148	3	findings	finding	NOUN
ajfa-469	148	4	and	and	CCONJ
ajfa-469	148	5	analysis	analysis	NOUN
ajfa-469	148	6	4.1	4.1	NUM
ajfa-469	148	7	analysis	analysis	NOUN
ajfa-469	148	8	of	of	ADP
ajfa-469	148	9	abnormal	abnormal	ADJ
ajfa-469	148	10	return	return	NOUN
ajfa-469	148	11	the	the	DET
ajfa-469	148	12	abnormal	abnormal	ADJ
ajfa-469	148	13	return	return	NOUN
ajfa-469	148	14	surrounding	surround	VERB
ajfa-469	148	15	the	the	DET
ajfa-469	148	16	event	event	NOUN
ajfa-469	148	17	day	day	NOUN
ajfa-469	148	18	ad	ad	NOUN
ajfa-469	148	19	is	be	AUX
ajfa-469	148	20	analysed	analyse	VERB
ajfa-469	148	21	in	in	ADP
ajfa-469	148	22	this	this	DET
ajfa-469	148	23	section	section	NOUN
ajfa-469	148	24	.	.	PUNCT
ajfa-469	149	1	table	table	NOUN
ajfa-469	149	2	1	1	NUM
ajfa-469	149	3	presents	present	VERB
ajfa-469	149	4	the	the	DET
ajfa-469	149	5	results	result	NOUN
ajfa-469	149	6	of	of	ADP
ajfa-469	149	7	the	the	DET
ajfa-469	149	8	event	event	NOUN
ajfa-469	149	9	study	study	NOUN
ajfa-469	149	10	during	during	ADP
ajfa-469	149	11	ad	ad	NOUN
ajfa-469	149	12	window	window	NOUN
ajfa-469	149	13	and	and	CCONJ
ajfa-469	149	14	subsequent	subsequent	ADJ
ajfa-469	149	15	to	to	ADP
ajfa-469	149	16	ad	ad	NOUN
ajfa-469	149	17	window	window	NOUN
ajfa-469	149	18	(	(	PUNCT
ajfa-469	149	19	excluding	exclude	VERB
ajfa-469	149	20	ad	ad	NOUN
ajfa-469	149	21	window	window	NOUN
ajfa-469	149	22	)	)	PUNCT
ajfa-469	149	23	to	to	PART
ajfa-469	149	24	test	test	VERB
ajfa-469	149	25	for	for	ADP
ajfa-469	149	26	reversion	reversion	NOUN
ajfa-469	149	27	in	in	ADP
ajfa-469	149	28	the	the	DET
ajfa-469	149	29	near	near	ADJ
ajfa-469	149	30	term	term	NOUN
ajfa-469	149	31	.	.	PUNCT
ajfa-469	150	1	it	it	PRON
ajfa-469	150	2	is	be	AUX
ajfa-469	150	3	seen	see	VERB
ajfa-469	150	4	that	that	SCONJ
ajfa-469	150	5	for	for	ADP
ajfa-469	150	6	the	the	DET
ajfa-469	150	7	complete	complete	ADJ
ajfa-469	150	8	period	period	NOUN
ajfa-469	150	9	1999	1999	NUM
ajfa-469	150	10	-	-	SYM
ajfa-469	150	11	2010	2010	NUM
ajfa-469	150	12	,	,	PUNCT
ajfa-469	150	13	there	there	PRON
ajfa-469	150	14	is	be	VERB
ajfa-469	150	15	a	a	DET
ajfa-469	150	16	2.94	2.94	NUM
ajfa-469	150	17	%	%	NOUN
ajfa-469	150	18	ad	ad	NOUN
ajfa-469	150	19	announcement	announcement	NOUN
ajfa-469	150	20	return	return	NOUN
ajfa-469	150	21	which	which	PRON
ajfa-469	150	22	is	be	AUX
ajfa-469	150	23	not	not	PART
ajfa-469	150	24	only	only	ADV
ajfa-469	150	25	statistically	statistically	ADV
ajfa-469	150	26	significant	significant	ADJ
ajfa-469	150	27	at	at	ADP
ajfa-469	150	28	1	1	NUM
ajfa-469	150	29	%	%	NOUN
ajfa-469	150	30	level	level	NOUN
ajfa-469	150	31	but	but	CCONJ
ajfa-469	150	32	also	also	ADV
ajfa-469	150	33	economically	economically	ADV
ajfa-469	150	34	significant	significant	ADJ
ajfa-469	150	35	.	.	PUNCT
ajfa-469	151	1	the	the	DET
ajfa-469	151	2	results	result	NOUN
ajfa-469	151	3	for	for	ADP
ajfa-469	151	4	nifty	nifty	ADJ
ajfa-469	151	5	inclusions	inclusion	NOUN
ajfa-469	151	6	for	for	ADP
ajfa-469	151	7	the	the	DET
ajfa-469	151	8	period	period	NOUN
ajfa-469	151	9	1999	1999	NUM
ajfa-469	151	10	2010	2010	NUM
ajfa-469	151	11	in	in	ADP
ajfa-469	151	12	this	this	DET
ajfa-469	151	13	regard	regard	NOUN
ajfa-469	151	14	are	be	AUX
ajfa-469	151	15	comparable	comparable	ADJ
ajfa-469	151	16	to	to	ADP
ajfa-469	151	17	the	the	DET
ajfa-469	151	18	developed	develop	VERB
ajfa-469	151	19	markets	market	NOUN
ajfa-469	151	20	in	in	ADP
ajfa-469	151	21	general	general	ADJ
ajfa-469	151	22	and	and	CCONJ
ajfa-469	151	23	s&p	s&p	PROPN
ajfa-469	151	24	500	500	NUM
ajfa-469	151	25	in	in	ADP
ajfa-469	151	26	particular	particular	ADJ
ajfa-469	151	27	.	.	PUNCT
ajfa-469	152	1	the	the	DET
ajfa-469	152	2	ad	ad	NOUN
ajfa-469	152	3	window	window	NOUN
ajfa-469	152	4	abnormal	abnormal	ADJ
ajfa-469	152	5	return	return	NOUN
ajfa-469	152	6	for	for	ADP
ajfa-469	152	7	the	the	DET
ajfa-469	152	8	sub	sub	NOUN
ajfa-469	152	9	-	-	NOUN
ajfa-469	152	10	period	period	NOUN
ajfa-469	152	11	1999	1999	NUM
ajfa-469	152	12	-	-	SYM
ajfa-469	152	13	2006	2006	NUM
ajfa-469	152	14	is	be	AUX
ajfa-469	152	15	1.67	1.67	NUM
ajfa-469	152	16	%	%	NOUN
ajfa-469	152	17	and	and	CCONJ
ajfa-469	152	18	for	for	ADP
ajfa-469	152	19	the	the	DET
ajfa-469	152	20	sub	sub	NOUN
ajfa-469	152	21	-	-	NOUN
ajfa-469	152	22	period	period	NOUN
ajfa-469	152	23	2007	2007	NUM
ajfa-469	152	24	-	-	SYM
ajfa-469	152	25	2010	2010	NUM
ajfa-469	152	26	,	,	PUNCT
ajfa-469	152	27	a	a	PRON
ajfa-469	152	28	statistically	statistically	ADV
ajfa-469	152	29	and	and	CCONJ
ajfa-469	152	30	also	also	ADV
ajfa-469	152	31	economically8	economically8	VERB
ajfa-469	152	32	highly	highly	ADV
ajfa-469	152	33	significant	significant	ADJ
ajfa-469	152	34	5.11	5.11	NUM
ajfa-469	152	35	%	%	NOUN
ajfa-469	152	36	.	.	PUNCT
ajfa-469	153	1	table	table	NOUN
ajfa-469	153	2	1	1	NUM
ajfa-469	153	3	reports	report	VERB
ajfa-469	153	4	the	the	DET
ajfa-469	153	5	share	share	NOUN
ajfa-469	153	6	price	price	NOUN
ajfa-469	153	7	behavior	behavior	NOUN
ajfa-469	153	8	subsequent	subsequent	ADJ
ajfa-469	153	9	to	to	ADP
ajfa-469	153	10	the	the	DET
ajfa-469	153	11	ad	ad	NOUN
ajfa-469	153	12	window	window	NOUN
ajfa-469	153	13	.	.	PUNCT
ajfa-469	154	1	8	8	NUM
ajfa-469	154	2	economic	economic	ADJ
ajfa-469	154	3	significance	significance	NOUN
ajfa-469	154	4	in	in	ADP
ajfa-469	154	5	this	this	DET
ajfa-469	154	6	study	study	NOUN
ajfa-469	154	7	refers	refer	VERB
ajfa-469	154	8	to	to	PART
ajfa-469	154	9	risk	risk	VERB
ajfa-469	154	10	adjusted	adjust	VERB
ajfa-469	154	11	return	return	NOUN
ajfa-469	154	12	,	,	PUNCT
ajfa-469	154	13	which	which	DET
ajfa-469	154	14	net	net	NOUN
ajfa-469	154	15	of	of	ADP
ajfa-469	154	16	transaction	transaction	NOUN
ajfa-469	154	17	cost	cost	NOUN
ajfa-469	154	18	,	,	PUNCT
ajfa-469	154	19	is	be	AUX
ajfa-469	154	20	significant	significant	ADJ
ajfa-469	154	21	,	,	PUNCT
ajfa-469	154	22	profitable	profitable	ADJ
ajfa-469	154	23	in	in	ADP
ajfa-469	154	24	economic	economic	ADJ
ajfa-469	154	25	terms	term	NOUN
ajfa-469	154	26	for	for	ADP
ajfa-469	154	27	a	a	DET
ajfa-469	154	28	‘	'	PUNCT
ajfa-469	154	29	buy	buy	VERB
ajfa-469	154	30	and	and	CCONJ
ajfa-469	154	31	hold	hold	VERB
ajfa-469	154	32	’	'	PUNCT
ajfa-469	154	33	investor	investor	NOUN
ajfa-469	154	34	.	.	PUNCT
ajfa-469	155	1	asian	asian	ADJ
ajfa-469	155	2	journal	journal	PROPN
ajfa-469	155	3	of	of	ADP
ajfa-469	155	4	finance	finance	PROPN
ajfa-469	155	5	&	&	CCONJ
ajfa-469	155	6	accounting	accounting	PROPN
ajfa-469	155	7	issn	issn	PROPN
ajfa-469	155	8	1946	1946	NUM
ajfa-469	155	9	-	-	PUNCT
ajfa-469	155	10	052x	052x	NOUN
ajfa-469	155	11	2010	2010	NUM
ajfa-469	155	12	,	,	PUNCT
ajfa-469	155	13	vol	vol	NOUN
ajfa-469	155	14	.	.	PROPN
ajfa-469	155	15	2	2	NUM
ajfa-469	155	16	,	,	PUNCT
ajfa-469	155	17	no	no	INTJ
ajfa-469	155	18	.	.	NOUN
ajfa-469	155	19	2	2	NUM
ajfa-469	155	20	:	:	PUNCT
ajfa-469	155	21	e4	e4	PROPN
ajfa-469	155	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-469	155	23	63	63	NUM
ajfa-469	155	24	table	table	NOUN
ajfa-469	155	25	1	1	NUM
ajfa-469	155	26	test	test	NOUN
ajfa-469	155	27	of	of	ADP
ajfa-469	155	28	permanent	permanent	ADJ
ajfa-469	155	29	abnormal	abnormal	ADJ
ajfa-469	155	30	return	return	NOUN
ajfa-469	155	31	subsequent	subsequent	ADJ
ajfa-469	155	32	to	to	ADP
ajfa-469	155	33	announcement	announcement	NOUN
ajfa-469	155	34	of	of	ADP
ajfa-469	155	35	addition	addition	NOUN
ajfa-469	155	36	to	to	ADP
ajfa-469	155	37	nifty	nifty	ADJ
ajfa-469	155	38	index	index	NOUN
ajfa-469	155	39	for	for	ADP
ajfa-469	155	40	the	the	DET
ajfa-469	155	41	period	period	NOUN
ajfa-469	155	42	1999	1999	NUM
ajfa-469	155	43	-	-	SYM
ajfa-469	155	44	2010	2010	NUM
ajfa-469	155	45	.	.	PUNCT
ajfa-469	156	1	cumulative	cumulative	ADJ
ajfa-469	156	2	abnormal	abnormal	ADJ
ajfa-469	156	3	return	return	NOUN
ajfa-469	156	4	or	or	CCONJ
ajfa-469	156	5	buy	buy	NOUN
ajfa-469	156	6	-	-	PUNCT
ajfa-469	156	7	hold	hold	NOUN
ajfa-469	156	8	return	return	NOUN
ajfa-469	156	9	date	date	NOUN
ajfa-469	156	10	relative	relative	ADJ
ajfa-469	156	11	to	to	ADP
ajfa-469	156	12	ad	ad	NOUN
ajfa-469	156	13	window	window	NOUN
ajfa-469	156	14	n	n	NOUN
ajfa-469	156	15	=	=	SYM
ajfa-469	156	16	38	38	NUM
ajfa-469	156	17	1999	1999	NUM
ajfa-469	156	18	-2010	-2010	PROPN
ajfa-469	156	19	1999	1999	NUM
ajfa-469	156	20	-	-	SYM
ajfa-469	156	21	2006	2006	NUM
ajfa-469	156	22	2007	2007	NUM
ajfa-469	156	23	-	-	SYM
ajfa-469	156	24	2010	2010	NUM
ajfa-469	156	25	ad	ad	NOUN
ajfa-469	156	26	window	window	NOUN
ajfa-469	156	27	or	or	CCONJ
ajfa-469	156	28	ad+1	ad+1	NOUN
ajfa-469	156	29	to	to	ADP
ajfa-469	156	30	ad+3	ad+3	PROPN
ajfa-469	156	31	car	car	NOUN
ajfa-469	156	32	2.94	2.94	NUM
ajfa-469	156	33	%	%	NOUN
ajfa-469	156	34	1.67	1.67	NUM
ajfa-469	156	35	%	%	NOUN
ajfa-469	156	36	5.11	5.11	NUM
ajfa-469	156	37	%	%	NOUN
ajfa-469	156	38	day	day	NOUN
ajfa-469	156	39	1,2,3	1,2,3	NUM
ajfa-469	156	40	t	t	NOUN
ajfa-469	156	41	-	-	PUNCT
ajfa-469	156	42	stat	stat	NOUN
ajfa-469	156	43	2.918	2.918	NUM
ajfa-469	156	44	1.156	1.156	NUM
ajfa-469	156	45	5.324	5.324	NUM
ajfa-469	156	46	p	p	NOUN
ajfa-469	156	47	-	-	PUNCT
ajfa-469	156	48	value	value	NOUN
ajfa-469	156	49	0.003	0.003	NUM
ajfa-469	156	50	*	*	PUNCT
ajfa-469	156	51	*	*	PUNCT
ajfa-469	156	52	*	*	PUNCT
ajfa-469	156	53	0.13	0.13	NUM
ajfa-469	156	54	0.001	0.001	NUM
ajfa-469	156	55	*	*	PUNCT
ajfa-469	156	56	*	*	PUNCT
ajfa-469	156	57	*	*	PUNCT
ajfa-469	156	58	ad	ad	NOUN
ajfa-469	156	59	+	+	ADP
ajfa-469	156	60	4	4	NUM
ajfa-469	156	61	to	to	ADP
ajfa-469	156	62	ad	ad	NOUN
ajfa-469	156	63	+	+	CCONJ
ajfa-469	156	64	10	10	NUM
ajfa-469	156	65	car	car	NOUN
ajfa-469	156	66	1.32	1.32	NUM
ajfa-469	156	67	%	%	NOUN
ajfa-469	156	68	2.11	2.11	NUM
ajfa-469	156	69	%	%	NOUN
ajfa-469	156	70	-0.02	-0.02	NUM
ajfa-469	156	71	%	%	NOUN
ajfa-469	156	72	day	day	NOUN
ajfa-469	156	73	4	4	NUM
ajfa-469	156	74	to	to	ADP
ajfa-469	156	75	day	day	NOUN
ajfa-469	156	76	10	10	NUM
ajfa-469	156	77	t	t	PROPN
ajfa-469	156	78	-	-	PUNCT
ajfa-469	156	79	stat	stat	NOUN
ajfa-469	156	80	1.326	1.326	NUM
ajfa-469	156	81	1.602	1.602	NUM
ajfa-469	156	82	-0.019	-0.019	PUNCT
ajfa-469	156	83	p	p	NOUN
ajfa-469	156	84	-	-	PUNCT
ajfa-469	156	85	value	value	NOUN
ajfa-469	156	86	0.096	0.096	NUM
ajfa-469	156	87	*	*	NOUN
ajfa-469	156	88	0.061	0.061	NUM
ajfa-469	156	89	0.508	0.508	NUM
ajfa-469	156	90	ad	ad	NOUN
ajfa-469	156	91	+11	+11	NOUN
ajfa-469	156	92	to	to	ADP
ajfa-469	156	93	ad	ad	NOUN
ajfa-469	156	94	+20	+20	NUM
ajfa-469	156	95	car	car	NOUN
ajfa-469	156	96	-1.87	-1.87	VERB
ajfa-469	156	97	%	%	NOUN
ajfa-469	156	98	-1.98	-1.98	PRON
ajfa-469	156	99	%	%	NOUN
ajfa-469	156	100	-1.69	-1.69	NUM
ajfa-469	156	101	%	%	NOUN
ajfa-469	156	102	day11	day11	NOUN
ajfa-469	156	103	to	to	ADP
ajfa-469	156	104	day	day	NOUN
ajfa-469	156	105	20	20	NUM
ajfa-469	156	106	t	t	PROPN
ajfa-469	156	107	-	-	PUNCT
ajfa-469	156	108	stat	stat	NOUN
ajfa-469	156	109	-1.079	-1.079	PROPN
ajfa-469	156	110	-0.790	-0.790	PROPN
ajfa-469	156	111	-0.820	-0.820	NOUN
ajfa-469	156	112	p	p	NOUN
ajfa-469	156	113	-	-	PUNCT
ajfa-469	156	114	value	value	NOUN
ajfa-469	156	115	0.856	0.856	NUM
ajfa-469	156	116	0.781	0.781	NUM
ajfa-469	156	117	0.786	0.786	NUM
ajfa-469	156	118	the	the	DET
ajfa-469	156	119	sample	sample	NOUN
ajfa-469	156	120	includes	include	VERB
ajfa-469	156	121	all	all	DET
ajfa-469	156	122	the	the	DET
ajfa-469	156	123	nifty	nifty	ADJ
ajfa-469	156	124	additions	addition	NOUN
ajfa-469	156	125	for	for	ADP
ajfa-469	156	126	the	the	DET
ajfa-469	156	127	period	period	NOUN
ajfa-469	156	128	1999	1999	NUM
ajfa-469	156	129	-	-	SYM
ajfa-469	156	130	2010	2010	NUM
ajfa-469	156	131	in	in	ADP
ajfa-469	156	132	the	the	DET
ajfa-469	156	133	indian	indian	ADJ
ajfa-469	156	134	stock	stock	NOUN
ajfa-469	156	135	market	market	NOUN
ajfa-469	156	136	.	.	PUNCT
ajfa-469	157	1	‘	'	PUNCT
ajfa-469	157	2	ad	ad	NOUN
ajfa-469	157	3	’	'	PUNCT
ajfa-469	157	4	is	be	AUX
ajfa-469	157	5	the	the	DET
ajfa-469	157	6	announcement	announcement	NOUN
ajfa-469	157	7	day	day	NOUN
ajfa-469	157	8	.	.	PUNCT
ajfa-469	158	1	‘	'	PUNCT
ajfa-469	158	2	ed	ed	NOUN
ajfa-469	158	3	’	'	PUNCT
ajfa-469	158	4	is	be	AUX
ajfa-469	158	5	the	the	DET
ajfa-469	158	6	actual	actual	ADJ
ajfa-469	158	7	date	date	NOUN
ajfa-469	158	8	of	of	ADP
ajfa-469	158	9	inclusion	inclusion	NOUN
ajfa-469	158	10	.	.	PUNCT
ajfa-469	159	1	the	the	DET
ajfa-469	159	2	cumulative	cumulative	ADJ
ajfa-469	159	3	abnormal	abnormal	ADJ
ajfa-469	159	4	return(car	return(car	NOUN
ajfa-469	159	5	)	)	PUNCT
ajfa-469	159	6	measures	measure	VERB
ajfa-469	159	7	the	the	DET
ajfa-469	159	8	buy	buy	NOUN
ajfa-469	159	9	and	and	CCONJ
ajfa-469	159	10	hold	hold	VERB
ajfa-469	159	11	returns	return	NOUN
ajfa-469	159	12	for	for	ADP
ajfa-469	159	13	ad	ad	NOUN
ajfa-469	159	14	window	window	NOUN
ajfa-469	159	15	and	and	CCONJ
ajfa-469	159	16	starting	start	VERB
ajfa-469	159	17	from	from	ADP
ajfa-469	159	18	the	the	DET
ajfa-469	159	19	day	day	NOUN
ajfa-469	159	20	after	after	ADP
ajfa-469	159	21	ad	ad	NOUN
ajfa-469	159	22	window	window	NOUN
ajfa-469	159	23	to	to	ADP
ajfa-469	159	24	the	the	DET
ajfa-469	159	25	dates	date	NOUN
ajfa-469	159	26	mentioned	mention	VERB
ajfa-469	159	27	.	.	PUNCT
ajfa-469	160	1	*	*	PUNCT
ajfa-469	160	2	,	,	PUNCT
ajfa-469	160	3	*	*	PUNCT
ajfa-469	160	4	*	*	PUNCT
ajfa-469	160	5	,	,	PUNCT
ajfa-469	160	6	*	*	PUNCT
ajfa-469	160	7	*	*	PUNCT
ajfa-469	160	8	*	*	PUNCT
ajfa-469	160	9	indicate	indicate	VERB
ajfa-469	160	10	significance	significance	NOUN
ajfa-469	160	11	that	that	SCONJ
ajfa-469	160	12	the	the	DET
ajfa-469	160	13	observed	observed	ADJ
ajfa-469	160	14	mean	mean	NOUN
ajfa-469	160	15	is	be	AUX
ajfa-469	160	16	significantly	significantly	ADV
ajfa-469	160	17	greater	great	ADJ
ajfa-469	160	18	than	than	ADP
ajfa-469	160	19	zero	zero	NUM
ajfa-469	160	20	(	(	PUNCT
ajfa-469	160	21	one	one	NUM
ajfa-469	160	22	tailed	tail	VERB
ajfa-469	160	23	t	t	NOUN
ajfa-469	160	24	-	-	PUNCT
ajfa-469	160	25	test	test	NOUN
ajfa-469	160	26	)	)	PUNCT
ajfa-469	160	27	at	at	ADP
ajfa-469	160	28	10	10	NUM
ajfa-469	160	29	%	%	NOUN
ajfa-469	160	30	,	,	PUNCT
ajfa-469	160	31	5	5	NUM
ajfa-469	160	32	%	%	NOUN
ajfa-469	160	33	,	,	PUNCT
ajfa-469	160	34	1	1	NUM
ajfa-469	160	35	%	%	NOUN
ajfa-469	160	36	level	level	NOUN
ajfa-469	160	37	respectively	respectively	ADV
ajfa-469	160	38	.	.	PUNCT
ajfa-469	161	1	for	for	ADP
ajfa-469	161	2	the	the	DET
ajfa-469	161	3	complete	complete	ADJ
ajfa-469	161	4	period	period	NOUN
ajfa-469	161	5	,	,	PUNCT
ajfa-469	161	6	the	the	DET
ajfa-469	161	7	cumulative	cumulative	ADJ
ajfa-469	161	8	abnormal	abnormal	ADJ
ajfa-469	161	9	return	return	NOUN
ajfa-469	161	10	(	(	PUNCT
ajfa-469	161	11	car	car	NOUN
ajfa-469	161	12	)	)	PUNCT
ajfa-469	161	13	for	for	ADP
ajfa-469	161	14	the	the	DET
ajfa-469	161	15	periods	period	NOUN
ajfa-469	161	16	ad	ad	NOUN
ajfa-469	161	17	+	+	CCONJ
ajfa-469	161	18	3	3	NUM
ajfa-469	161	19	to	to	ADP
ajfa-469	161	20	ad	ad	NOUN
ajfa-469	161	21	+	+	CCONJ
ajfa-469	161	22	10	10	NUM
ajfa-469	161	23	and	and	CCONJ
ajfa-469	161	24	ad+11	ad+11	ADJ
ajfa-469	161	25	to	to	ADP
ajfa-469	161	26	ad+20	ad+20	PROPN
ajfa-469	161	27	is	be	AUX
ajfa-469	161	28	1.32	1.32	NUM
ajfa-469	161	29	%	%	NOUN
ajfa-469	161	30	and	and	CCONJ
ajfa-469	161	31	-1.87	-1.87	PRON
ajfa-469	161	32	%	%	NOUN
ajfa-469	161	33	respectively	respectively	ADV
ajfa-469	161	34	.	.	PUNCT
ajfa-469	162	1	the	the	DET
ajfa-469	162	2	negative	negative	ADJ
ajfa-469	162	3	car	car	NOUN
ajfa-469	162	4	’s	’s	PART
ajfa-469	162	5	subsequent	subsequent	ADJ
ajfa-469	162	6	to	to	ADP
ajfa-469	162	7	ad	ad	NOUN
ajfa-469	162	8	is	be	AUX
ajfa-469	162	9	not	not	PART
ajfa-469	162	10	only	only	ADV
ajfa-469	162	11	small	small	ADJ
ajfa-469	162	12	but	but	CCONJ
ajfa-469	162	13	also	also	ADV
ajfa-469	162	14	statistically	statistically	ADV
ajfa-469	162	15	not	not	PART
ajfa-469	162	16	significant	significant	ADJ
ajfa-469	162	17	for	for	ADP
ajfa-469	162	18	the	the	DET
ajfa-469	162	19	complete	complete	ADJ
ajfa-469	162	20	period	period	NOUN
ajfa-469	162	21	and	and	CCONJ
ajfa-469	162	22	sub	sub	NOUN
ajfa-469	162	23	-	-	NOUN
ajfa-469	162	24	periods	period	NOUN
ajfa-469	162	25	.	.	PUNCT
ajfa-469	163	1	the	the	DET
ajfa-469	163	2	results	result	NOUN
ajfa-469	163	3	shows	show	VERB
ajfa-469	163	4	that	that	SCONJ
ajfa-469	163	5	share	share	NOUN
ajfa-469	163	6	prices	price	NOUN
ajfa-469	163	7	do	do	AUX
ajfa-469	163	8	not	not	PART
ajfa-469	163	9	fall	fall	VERB
ajfa-469	163	10	significantly	significantly	ADV
ajfa-469	163	11	even	even	ADV
ajfa-469	163	12	after	after	ADP
ajfa-469	163	13	20	20	NUM
ajfa-469	163	14	days	day	NOUN
ajfa-469	163	15	after	after	ADP
ajfa-469	163	16	ad	ad	NOUN
ajfa-469	163	17	.	.	PUNCT
ajfa-469	164	1	interestingly	interestingly	ADV
ajfa-469	164	2	,	,	PUNCT
ajfa-469	164	3	it	it	PRON
ajfa-469	164	4	is	be	AUX
ajfa-469	164	5	seen	see	VERB
ajfa-469	164	6	that	that	SCONJ
ajfa-469	164	7	the	the	DET
ajfa-469	164	8	overall	overall	ADJ
ajfa-469	164	9	car	car	NOUN
ajfa-469	164	10	from	from	ADP
ajfa-469	164	11	ad+1	ad+1	PROPN
ajfa-469	164	12	through	through	ADP
ajfa-469	164	13	ad+10	ad+10	PROPN
ajfa-469	164	14	is	be	AUX
ajfa-469	164	15	3.78	3.78	NUM
ajfa-469	164	16	%	%	NOUN
ajfa-469	164	17	for	for	ADP
ajfa-469	164	18	the	the	DET
ajfa-469	164	19	first	first	ADJ
ajfa-469	164	20	sub	sub	NOUN
ajfa-469	164	21	-	-	NOUN
ajfa-469	164	22	period	period	NOUN
ajfa-469	164	23	and	and	CCONJ
ajfa-469	164	24	5.09	5.09	NUM
ajfa-469	164	25	%	%	NOUN
ajfa-469	164	26	for	for	ADP
ajfa-469	164	27	the	the	DET
ajfa-469	164	28	second	second	ADJ
ajfa-469	164	29	sub	sub	NOUN
ajfa-469	164	30	-	-	NOUN
ajfa-469	164	31	period	period	NOUN
ajfa-469	164	32	.	.	PUNCT
ajfa-469	165	1	the	the	DET
ajfa-469	165	2	lower	low	ADJ
ajfa-469	165	3	ad	ad	NOUN
ajfa-469	165	4	effect	effect	NOUN
ajfa-469	165	5	in	in	ADP
ajfa-469	165	6	the	the	DET
ajfa-469	165	7	first	first	ADJ
ajfa-469	165	8	period	period	NOUN
ajfa-469	165	9	is	be	AUX
ajfa-469	165	10	somewhat	somewhat	ADV
ajfa-469	165	11	compensated	compensate	VERB
ajfa-469	165	12	in	in	ADP
ajfa-469	165	13	the	the	DET
ajfa-469	165	14	ad+3	ad+3	NOUN
ajfa-469	165	15	to	to	PART
ajfa-469	165	16	ad+10	ad+10	VERB
ajfa-469	165	17	window	window	NOUN
ajfa-469	165	18	.	.	PUNCT
ajfa-469	166	1	however	however	ADV
ajfa-469	166	2	for	for	ADP
ajfa-469	166	3	the	the	DET
ajfa-469	166	4	second	second	ADJ
ajfa-469	166	5	sub	sub	NOUN
ajfa-469	166	6	-	-	NOUN
ajfa-469	166	7	period	period	NOUN
ajfa-469	166	8	the	the	DET
ajfa-469	166	9	highly	highly	ADV
ajfa-469	166	10	significant	significant	ADJ
ajfa-469	166	11	5.11	5.11	NUM
ajfa-469	166	12	%	%	NOUN
ajfa-469	166	13	abnormal	abnormal	ADJ
ajfa-469	166	14	return	return	NOUN
ajfa-469	166	15	during	during	ADP
ajfa-469	166	16	ad	ad	NOUN
ajfa-469	166	17	window	window	NOUN
ajfa-469	166	18	is	be	AUX
ajfa-469	166	19	followed	follow	VERB
ajfa-469	166	20	by	by	ADP
ajfa-469	166	21	-0.02	-0.02	NUM
ajfa-469	166	22	%	%	NOUN
ajfa-469	166	23	in	in	ADP
ajfa-469	166	24	the	the	DET
ajfa-469	166	25	ad+3	ad+3	NOUN
ajfa-469	166	26	to	to	PART
ajfa-469	166	27	ad+10	ad+10	VERB
ajfa-469	166	28	window	window	NOUN
ajfa-469	166	29	.	.	PUNCT
ajfa-469	167	1	it	it	PRON
ajfa-469	167	2	appears	appear	VERB
ajfa-469	167	3	that	that	SCONJ
ajfa-469	167	4	‘	'	PUNCT
ajfa-469	167	5	ad	ad	NOUN
ajfa-469	167	6	effect	effect	NOUN
ajfa-469	167	7	’	'	PUNCT
ajfa-469	167	8	took	take	VERB
ajfa-469	167	9	longer	long	ADV
ajfa-469	167	10	to	to	PART
ajfa-469	167	11	take	take	VERB
ajfa-469	167	12	effect	effect	NOUN
ajfa-469	167	13	in	in	ADP
ajfa-469	167	14	the	the	DET
ajfa-469	167	15	first	first	ADJ
ajfa-469	167	16	sub	sub	NOUN
ajfa-469	167	17	period	period	NOUN
ajfa-469	167	18	than	than	ADP
ajfa-469	167	19	in	in	ADP
ajfa-469	167	20	the	the	DET
ajfa-469	167	21	recent	recent	ADJ
ajfa-469	167	22	sub	sub	NOUN
ajfa-469	167	23	-	-	NOUN
ajfa-469	167	24	period	period	NOUN
ajfa-469	167	25	(	(	PUNCT
ajfa-469	167	26	2007	2007	NUM
ajfa-469	167	27	-	-	SYM
ajfa-469	167	28	2010	2010	NUM
ajfa-469	167	29	)	)	PUNCT
ajfa-469	167	30	.	.	PUNCT
ajfa-469	168	1	in	in	ADP
ajfa-469	168	2	order	order	NOUN
ajfa-469	168	3	to	to	PART
ajfa-469	168	4	analyze	analyze	VERB
ajfa-469	168	5	the	the	DET
ajfa-469	168	6	total	total	ADJ
ajfa-469	168	7	abnormal	abnormal	ADJ
ajfa-469	168	8	return	return	NOUN
ajfa-469	168	9	,	,	PUNCT
ajfa-469	168	10	abnormal	abnormal	ADJ
ajfa-469	168	11	return	return	NOUN
ajfa-469	168	12	starting	start	VERB
ajfa-469	168	13	from	from	ADP
ajfa-469	168	14	ad	ad	NOUN
ajfa-469	168	15	and	and	CCONJ
ajfa-469	168	16	including	include	VERB
ajfa-469	168	17	ad	ad	NOUN
ajfa-469	168	18	is	be	AUX
ajfa-469	168	19	analysed	analyse	VERB
ajfa-469	168	20	and	and	CCONJ
ajfa-469	168	21	displayed	display	VERB
ajfa-469	168	22	in	in	ADP
ajfa-469	168	23	table	table	NOUN
ajfa-469	168	24	2	2	NUM
ajfa-469	168	25	.	.	PUNCT
ajfa-469	169	1	these	these	DET
ajfa-469	169	2	results	result	NOUN
ajfa-469	169	3	test	test	VERB
ajfa-469	169	4	for	for	ADP
ajfa-469	169	5	the	the	DET
ajfa-469	169	6	permanence	permanence	NOUN
ajfa-469	169	7	of	of	ADP
ajfa-469	169	8	the	the	DET
ajfa-469	169	9	ad	ad	NOUN
ajfa-469	169	10	gain	gain	NOUN
ajfa-469	169	11	by	by	ADP
ajfa-469	169	12	analysing	analyse	VERB
ajfa-469	169	13	whether	whether	SCONJ
ajfa-469	169	14	the	the	DET
ajfa-469	169	15	abnormal	abnormal	ADJ
ajfa-469	169	16	return	return	NOUN
ajfa-469	169	17	falls	fall	VERB
ajfa-469	169	18	substantially	substantially	ADV
ajfa-469	169	19	after	after	ADP
ajfa-469	169	20	ad	ad	NOUN
ajfa-469	169	21	in	in	ADP
ajfa-469	169	22	order	order	NOUN
ajfa-469	169	23	to	to	PART
ajfa-469	169	24	offset	offset	VERB
ajfa-469	169	25	the	the	DET
ajfa-469	169	26	ad	ad	NOUN
ajfa-469	169	27	gains	gain	NOUN
ajfa-469	169	28	.	.	PUNCT
ajfa-469	170	1	the	the	DET
ajfa-469	170	2	results	result	NOUN
ajfa-469	170	3	for	for	ADP
ajfa-469	170	4	the	the	DET
ajfa-469	170	5	complete	complete	ADJ
ajfa-469	170	6	period	period	NOUN
ajfa-469	170	7	1999	1999	NUM
ajfa-469	170	8	-2010	-2010	PROPN
ajfa-469	170	9	show	show	VERB
ajfa-469	170	10	that	that	SCONJ
ajfa-469	170	11	the	the	DET
ajfa-469	170	12	cumulative	cumulative	ADJ
ajfa-469	170	13	abnormal	abnormal	ADJ
ajfa-469	170	14	return	return	NOUN
ajfa-469	170	15	is	be	AUX
ajfa-469	170	16	a	a	DET
ajfa-469	170	17	statistically	statistically	ADV
ajfa-469	170	18	significant	significant	ADJ
ajfa-469	170	19	4.70	4.70	NUM
ajfa-469	170	20	%	%	NOUN
ajfa-469	170	21	,	,	PUNCT
ajfa-469	170	22	4.63	4.63	NUM
ajfa-469	170	23	%	%	NOUN
ajfa-469	170	24	and	and	CCONJ
ajfa-469	170	25	7.01	7.01	NUM
ajfa-469	170	26	%	%	NOUN
ajfa-469	170	27	after	after	ADP
ajfa-469	170	28	30	30	NUM
ajfa-469	170	29	days	day	NOUN
ajfa-469	170	30	,	,	PUNCT
ajfa-469	170	31	60	60	NUM
ajfa-469	170	32	days	day	NOUN
ajfa-469	170	33	and	and	CCONJ
ajfa-469	170	34	70	70	NUM
ajfa-469	170	35	days	day	NOUN
ajfa-469	170	36	from	from	ADP
ajfa-469	170	37	ad	ad	NOUN
ajfa-469	170	38	respectively	respectively	ADV
ajfa-469	170	39	.	.	PUNCT
ajfa-469	171	1	asian	asian	ADJ
ajfa-469	171	2	journal	journal	PROPN
ajfa-469	171	3	of	of	ADP
ajfa-469	171	4	finance	finance	PROPN
ajfa-469	171	5	&	&	CCONJ
ajfa-469	171	6	accounting	accounting	PROPN
ajfa-469	171	7	issn	issn	PROPN
ajfa-469	171	8	1946	1946	NUM
ajfa-469	171	9	-	-	PUNCT
ajfa-469	171	10	052x	052x	NOUN
ajfa-469	171	11	2010	2010	NUM
ajfa-469	171	12	,	,	PUNCT
ajfa-469	171	13	vol	vol	NOUN
ajfa-469	171	14	.	.	PROPN
ajfa-469	171	15	2	2	NUM
ajfa-469	171	16	,	,	PUNCT
ajfa-469	171	17	no	no	INTJ
ajfa-469	171	18	.	.	NOUN
ajfa-469	171	19	2	2	NUM
ajfa-469	171	20	:	:	PUNCT
ajfa-469	171	21	e4	e4	PROPN
ajfa-469	171	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	171	23	64	64	NUM
ajfa-469	171	24	table	table	NOUN
ajfa-469	171	25	2	2	NUM
ajfa-469	171	26	.	.	PUNCT
ajfa-469	171	27	test	test	NOUN
ajfa-469	171	28	of	of	ADP
ajfa-469	171	29	permanent	permanent	ADJ
ajfa-469	171	30	abnormal	abnormal	ADJ
ajfa-469	171	31	return	return	NOUN
ajfa-469	171	32	subsequent	subsequent	ADJ
ajfa-469	171	33	to	to	ADP
ajfa-469	171	34	ad	ad	NOUN
ajfa-469	171	35	.	.	PUNCT
ajfa-469	172	1	car	car	NOUN
ajfa-469	172	2	measures	measure	NOUN
ajfa-469	172	3	the	the	DET
ajfa-469	172	4	buy	buy	NOUN
ajfa-469	172	5	and	and	CCONJ
ajfa-469	172	6	hold	hold	VERB
ajfa-469	172	7	return	return	NOUN
ajfa-469	172	8	from	from	ADP
ajfa-469	172	9	ad+1	ad+1	PROPN
ajfa-469	172	10	or	or	CCONJ
ajfa-469	172	11	day’0	day’0	PROPN
ajfa-469	172	12	’	'	PUNCT
ajfa-469	172	13	to	to	ADP
ajfa-469	172	14	the	the	DET
ajfa-469	172	15	indicated	indicate	VERB
ajfa-469	172	16	day	day	NOUN
ajfa-469	172	17	.	.	PUNCT
ajfa-469	173	1	including	include	VERB
ajfa-469	173	2	ad	ad	NOUN
ajfa-469	173	3	window	window	NOUN
ajfa-469	173	4	cumulative	cumulative	ADJ
ajfa-469	173	5	abnormal	abnormal	ADJ
ajfa-469	173	6	return	return	NOUN
ajfa-469	173	7	or	or	CCONJ
ajfa-469	173	8	buy	buy	NOUN
ajfa-469	173	9	-	-	PUNCT
ajfa-469	173	10	hold	hold	NOUN
ajfa-469	173	11	return	return	NOUN
ajfa-469	173	12	period	period	NOUN
ajfa-469	173	13	1999	1999	NUM
ajfa-469	173	14	-2010	-2010	PROPN
ajfa-469	173	15	1999	1999	NUM
ajfa-469	173	16	-	-	SYM
ajfa-469	173	17	2006	2006	NUM
ajfa-469	173	18	2007	2007	NUM
ajfa-469	173	19	-	-	SYM
ajfa-469	173	20	2010	2010	NUM
ajfa-469	173	21	ad	ad	NOUN
ajfa-469	173	22	window	window	NOUN
ajfa-469	173	23	or	or	CCONJ
ajfa-469	173	24	ad+1	ad+1	NOUN
ajfa-469	173	25	to	to	ADP
ajfa-469	173	26	ad+3	ad+3	PROPN
ajfa-469	173	27	car	car	NOUN
ajfa-469	173	28	2.94	2.94	NUM
ajfa-469	173	29	%	%	NOUN
ajfa-469	173	30	1.67	1.67	NUM
ajfa-469	173	31	%	%	NOUN
ajfa-469	173	32	5.11	5.11	NUM
ajfa-469	173	33	%	%	NOUN
ajfa-469	173	34	day1,2,3	day1,2,3	ADJ
ajfa-469	173	35	t	t	NOUN
ajfa-469	173	36	-	-	PUNCT
ajfa-469	173	37	stat	stat	NOUN
ajfa-469	173	38	2.918	2.918	NUM
ajfa-469	173	39	1.156	1.156	NUM
ajfa-469	173	40	5.324	5.324	NUM
ajfa-469	173	41	n=38	n=38	ADV
ajfa-469	173	42	p	p	NOUN
ajfa-469	173	43	-	-	PUNCT
ajfa-469	173	44	value	value	NOUN
ajfa-469	173	45	0.003	0.003	NUM
ajfa-469	173	46	*	*	PUNCT
ajfa-469	173	47	*	*	PUNCT
ajfa-469	173	48	*	*	PUNCT
ajfa-469	173	49	0.13	0.13	NUM
ajfa-469	173	50	0.001	0.001	NUM
ajfa-469	173	51	*	*	PUNCT
ajfa-469	173	52	*	*	PUNCT
ajfa-469	173	53	*	*	PUNCT
ajfa-469	173	54	ad+1	ad+1	NOUN
ajfa-469	173	55	to	to	ADP
ajfa-469	173	56	ad	ad	NOUN
ajfa-469	173	57	+	+	CCONJ
ajfa-469	173	58	30	30	NUM
ajfa-469	173	59	car	car	NOUN
ajfa-469	173	60	4.70	4.70	NUM
ajfa-469	173	61	%	%	NOUN
ajfa-469	173	62	5.13	5.13	NUM
ajfa-469	173	63	%	%	NOUN
ajfa-469	173	64	4.01	4.01	NUM
ajfa-469	173	65	%	%	NOUN
ajfa-469	173	66	day	day	NOUN
ajfa-469	173	67	1	1	NUM
ajfa-469	173	68	to	to	ADP
ajfa-469	173	69	day	day	NOUN
ajfa-469	173	70	30	30	NUM
ajfa-469	173	71	t	t	PROPN
ajfa-469	173	72	-	-	PUNCT
ajfa-469	173	73	stat	stat	NOUN
ajfa-469	173	74	2.271	2.271	NUM
ajfa-469	173	75	1.681	1.681	NUM
ajfa-469	173	76	1.793	1.793	NUM
ajfa-469	173	77	p	p	NOUN
ajfa-469	173	78	-	-	PUNCT
ajfa-469	173	79	value	value	NOUN
ajfa-469	173	80	0.015	0.015	NUM
ajfa-469	173	81	*	*	PUNCT
ajfa-469	173	82	*	*	X
ajfa-469	173	83	0.053	0.053	NUM
ajfa-469	173	84	*	*	PUNCT
ajfa-469	173	85	0.048	0.048	NUM
ajfa-469	173	86	*	*	X
ajfa-469	173	87	*	*	PUNCT
ajfa-469	173	88	ad+1	ad+1	NOUN
ajfa-469	173	89	to	to	ADP
ajfa-469	173	90	ad	ad	NOUN
ajfa-469	173	91	+	+	CCONJ
ajfa-469	173	92	60	60	NUM
ajfa-469	173	93	car	car	NOUN
ajfa-469	173	94	4.63	4.63	NUM
ajfa-469	173	95	%	%	NOUN
ajfa-469	173	96	3.77	3.77	NUM
ajfa-469	173	97	%	%	NOUN
ajfa-469	173	98	6.09	6.09	NUM
ajfa-469	173	99	%	%	NOUN
ajfa-469	173	100	day	day	NOUN
ajfa-469	173	101	1	1	NUM
ajfa-469	173	102	to	to	ADP
ajfa-469	173	103	day	day	NOUN
ajfa-469	173	104	60	60	NUM
ajfa-469	173	105	t	t	PROPN
ajfa-469	173	106	-	-	PUNCT
ajfa-469	173	107	stat	stat	NOUN
ajfa-469	173	108	1.316	1.316	NUM
ajfa-469	173	109	0.786	0.786	NUM
ajfa-469	173	110	1.207	1.207	NUM
ajfa-469	173	111	p	p	ADJ
ajfa-469	173	112	-	-	PUNCT
ajfa-469	173	113	value	value	NOUN
ajfa-469	173	114	0.098	0.098	NUM
ajfa-469	173	115	*	*	NOUN
ajfa-469	173	116	0.220	0.220	NUM
ajfa-469	173	117	0.123	0.123	NUM
ajfa-469	173	118	*	*	SYM
ajfa-469	173	119	ad+1	ad+1	NOUN
ajfa-469	173	120	to	to	ADP
ajfa-469	173	121	ad	ad	NOUN
ajfa-469	173	122	+	+	CCONJ
ajfa-469	173	123	70	70	NUM
ajfa-469	173	124	car	car	NOUN
ajfa-469	173	125	7.01	7.01	NUM
ajfa-469	173	126	%	%	NOUN
ajfa-469	173	127	6.62	6.62	NUM
ajfa-469	173	128	%	%	NOUN
ajfa-469	173	129	7.55	7.55	NUM
ajfa-469	173	130	%	%	NOUN
ajfa-469	173	131	day	day	NOUN
ajfa-469	173	132	1	1	NUM
ajfa-469	173	133	to	to	ADP
ajfa-469	173	134	day	day	NOUN
ajfa-469	173	135	70	70	NUM
ajfa-469	173	136	t	t	PROPN
ajfa-469	173	137	-	-	PUNCT
ajfa-469	173	138	stat	stat	NOUN
ajfa-469	174	1	1.782	1.782	NUM
ajfa-469	174	2	1.210	1.210	NUM
ajfa-469	174	3	1.486	1.486	NUM
ajfa-469	174	4	p	p	NOUN
ajfa-469	174	5	-	-	PUNCT
ajfa-469	174	6	value	value	NOUN
ajfa-469	174	7	0.041	0.041	NUM
ajfa-469	174	8	*	*	NOUN
ajfa-469	174	9	*	*	NOUN
ajfa-469	174	10	0.114	0.114	NUM
ajfa-469	174	11	0.085	0.085	NUM
ajfa-469	174	12	*	*	NOUN
ajfa-469	174	13	the	the	DET
ajfa-469	174	14	sample	sample	NOUN
ajfa-469	174	15	includes	include	VERB
ajfa-469	174	16	all	all	DET
ajfa-469	174	17	the	the	DET
ajfa-469	174	18	nifty	nifty	ADJ
ajfa-469	174	19	additions	addition	NOUN
ajfa-469	174	20	for	for	ADP
ajfa-469	174	21	the	the	DET
ajfa-469	174	22	period	period	NOUN
ajfa-469	174	23	1999	1999	NUM
ajfa-469	174	24	-	-	SYM
ajfa-469	174	25	2010	2010	NUM
ajfa-469	174	26	in	in	ADP
ajfa-469	174	27	the	the	DET
ajfa-469	174	28	indian	indian	ADJ
ajfa-469	174	29	stock	stock	NOUN
ajfa-469	174	30	market	market	NOUN
ajfa-469	174	31	.	.	PUNCT
ajfa-469	175	1	‘	'	PUNCT
ajfa-469	175	2	ad	ad	NOUN
ajfa-469	175	3	’	'	PUNCT
ajfa-469	175	4	is	be	AUX
ajfa-469	175	5	the	the	DET
ajfa-469	175	6	announcement	announcement	NOUN
ajfa-469	175	7	day	day	NOUN
ajfa-469	175	8	.	.	PUNCT
ajfa-469	176	1	‘	'	PUNCT
ajfa-469	176	2	ed	ed	NOUN
ajfa-469	176	3	’	'	PUNCT
ajfa-469	176	4	is	be	AUX
ajfa-469	176	5	the	the	DET
ajfa-469	176	6	actual	actual	ADJ
ajfa-469	176	7	date	date	NOUN
ajfa-469	176	8	of	of	ADP
ajfa-469	176	9	inclusion	inclusion	NOUN
ajfa-469	176	10	.	.	PUNCT
ajfa-469	177	1	*	*	PUNCT
ajfa-469	177	2	,	,	PUNCT
ajfa-469	177	3	*	*	PUNCT
ajfa-469	177	4	*	*	PUNCT
ajfa-469	177	5	,	,	PUNCT
ajfa-469	177	6	*	*	PUNCT
ajfa-469	177	7	*	*	PUNCT
ajfa-469	177	8	*	*	PUNCT
ajfa-469	177	9	indicate	indicate	VERB
ajfa-469	177	10	significance	significance	NOUN
ajfa-469	177	11	that	that	SCONJ
ajfa-469	177	12	the	the	DET
ajfa-469	177	13	observed	observed	ADJ
ajfa-469	177	14	mean	mean	NOUN
ajfa-469	177	15	is	be	AUX
ajfa-469	177	16	significantly	significantly	ADV
ajfa-469	177	17	greater	great	ADJ
ajfa-469	177	18	than	than	ADP
ajfa-469	177	19	zero	zero	NUM
ajfa-469	177	20	(	(	PUNCT
ajfa-469	177	21	one	one	NUM
ajfa-469	177	22	tailed	tail	VERB
ajfa-469	177	23	t	t	NOUN
ajfa-469	177	24	-	-	PUNCT
ajfa-469	177	25	test	test	NOUN
ajfa-469	177	26	)	)	PUNCT
ajfa-469	177	27	at	at	ADP
ajfa-469	177	28	10	10	NUM
ajfa-469	177	29	%	%	NOUN
ajfa-469	177	30	,	,	PUNCT
ajfa-469	177	31	5	5	NUM
ajfa-469	177	32	%	%	NOUN
ajfa-469	177	33	,	,	PUNCT
ajfa-469	177	34	1	1	NUM
ajfa-469	177	35	%	%	NOUN
ajfa-469	177	36	level	level	NOUN
ajfa-469	177	37	respectively	respectively	ADV
ajfa-469	177	38	.	.	PUNCT
ajfa-469	178	1	the	the	DET
ajfa-469	178	2	result	result	NOUN
ajfa-469	178	3	is	be	AUX
ajfa-469	178	4	considered	consider	VERB
ajfa-469	178	5	permanent	permanent	ADJ
ajfa-469	178	6	in	in	ADP
ajfa-469	178	7	this	this	DET
ajfa-469	178	8	study	study	NOUN
ajfa-469	178	9	if	if	SCONJ
ajfa-469	178	10	it	it	PRON
ajfa-469	178	11	is	be	AUX
ajfa-469	178	12	permanent	permanent	ADJ
ajfa-469	178	13	for	for	ADP
ajfa-469	178	14	at	at	ADV
ajfa-469	178	15	least	least	ADV
ajfa-469	178	16	60	60	NUM
ajfa-469	178	17	trading	trading	NOUN
ajfa-469	178	18	days	day	NOUN
ajfa-469	178	19	(	(	PUNCT
ajfa-469	178	20	which	which	PRON
ajfa-469	178	21	is	be	AUX
ajfa-469	178	22	roughly	roughly	ADV
ajfa-469	178	23	three	three	NUM
ajfa-469	178	24	months	month	NOUN
ajfa-469	178	25	)	)	PUNCT
ajfa-469	178	26	from	from	ADP
ajfa-469	178	27	the	the	DET
ajfa-469	178	28	event	event	NOUN
ajfa-469	178	29	date	date	NOUN
ajfa-469	178	30	.	.	PUNCT
ajfa-469	179	1	asian	asian	ADJ
ajfa-469	179	2	journal	journal	PROPN
ajfa-469	179	3	of	of	ADP
ajfa-469	179	4	finance	finance	PROPN
ajfa-469	179	5	&	&	CCONJ
ajfa-469	179	6	accounting	accounting	PROPN
ajfa-469	179	7	issn	issn	PROPN
ajfa-469	179	8	1946	1946	NUM
ajfa-469	179	9	-	-	PUNCT
ajfa-469	179	10	052x	052x	NOUN
ajfa-469	179	11	2010	2010	NUM
ajfa-469	179	12	,	,	PUNCT
ajfa-469	179	13	vol	vol	NOUN
ajfa-469	179	14	.	.	PROPN
ajfa-469	179	15	2	2	NUM
ajfa-469	179	16	,	,	PUNCT
ajfa-469	179	17	no	no	INTJ
ajfa-469	179	18	.	.	NOUN
ajfa-469	179	19	2	2	NUM
ajfa-469	179	20	:	:	PUNCT
ajfa-469	179	21	e4	e4	PROPN
ajfa-469	179	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	179	23	65	65	NUM
ajfa-469	179	24	figure	figure	NOUN
ajfa-469	179	25	1	1	NUM
ajfa-469	179	26	.	.	PUNCT
ajfa-469	180	1	the	the	DET
ajfa-469	180	2	mean	mean	ADJ
ajfa-469	180	3	cumulative	cumulative	ADJ
ajfa-469	180	4	abnormal	abnormal	ADJ
ajfa-469	180	5	return	return	NOUN
ajfa-469	180	6	of	of	ADP
ajfa-469	180	7	the	the	DET
ajfa-469	180	8	stocks	stock	NOUN
ajfa-469	180	9	included	include	VERB
ajfa-469	180	10	in	in	ADP
ajfa-469	180	11	the	the	DET
ajfa-469	180	12	nifty	nifty	ADJ
ajfa-469	180	13	index	index	NOUN
ajfa-469	180	14	between	between	ADP
ajfa-469	180	15	1999-2010.this	1999-2010.this	PROPN
ajfa-469	180	16	represents	represent	VERB
ajfa-469	180	17	the	the	DET
ajfa-469	180	18	buy	buy	NOUN
ajfa-469	180	19	and	and	CCONJ
ajfa-469	180	20	hold	hold	VERB
ajfa-469	180	21	return	return	NOUN
ajfa-469	180	22	from	from	ADP
ajfa-469	180	23	day	day	NOUN
ajfa-469	180	24	0	0	NUM
ajfa-469	180	25	to	to	ADP
ajfa-469	180	26	day	day	NOUN
ajfa-469	180	27	t.	t.	NOUN
ajfa-469	180	28	the	the	DET
ajfa-469	180	29	x	x	NOUN
ajfa-469	180	30	-	-	NOUN
ajfa-469	180	31	axis	axis	NOUN
ajfa-469	180	32	represents	represent	VERB
ajfa-469	180	33	the	the	DET
ajfa-469	180	34	mean	mean	ADJ
ajfa-469	180	35	car	car	NOUN
ajfa-469	180	36	and	and	CCONJ
ajfa-469	180	37	the	the	DET
ajfa-469	180	38	y	y	NOUN
ajfa-469	180	39	-	-	PUNCT
ajfa-469	180	40	axis	axis	NOUN
ajfa-469	180	41	represents	represent	VERB
ajfa-469	180	42	the	the	DET
ajfa-469	180	43	number	number	NOUN
ajfa-469	180	44	of	of	ADP
ajfa-469	180	45	days	day	NOUN
ajfa-469	180	46	from	from	ADP
ajfa-469	180	47	ad	ad	NOUN
ajfa-469	180	48	.	.	PUNCT
ajfa-469	181	1	the	the	DET
ajfa-469	181	2	results	result	NOUN
ajfa-469	181	3	in	in	ADP
ajfa-469	181	4	table	table	NOUN
ajfa-469	181	5	1	1	NUM
ajfa-469	181	6	and	and	CCONJ
ajfa-469	181	7	table	table	NOUN
ajfa-469	181	8	2	2	NUM
ajfa-469	181	9	support	support	NOUN
ajfa-469	181	10	the	the	DET
ajfa-469	181	11	permanent	permanent	ADJ
ajfa-469	181	12	nature	nature	NOUN
ajfa-469	181	13	of	of	ADP
ajfa-469	181	14	the	the	DET
ajfa-469	181	15	ad	ad	NOUN
ajfa-469	181	16	price	price	NOUN
ajfa-469	181	17	effects	effect	NOUN
ajfa-469	181	18	following	follow	VERB
ajfa-469	181	19	nifty	nifty	ADJ
ajfa-469	181	20	additions	addition	NOUN
ajfa-469	181	21	.	.	PUNCT
ajfa-469	182	1	shiefler	shiefler	NOUN
ajfa-469	182	2	(	(	PUNCT
ajfa-469	182	3	1986	1986	NUM
ajfa-469	182	4	)	)	PUNCT
ajfa-469	182	5	points	point	VERB
ajfa-469	182	6	out	out	ADP
ajfa-469	182	7	that	that	SCONJ
ajfa-469	182	8	as	as	ADP
ajfa-469	182	9	one	one	NUM
ajfa-469	182	10	moves	move	NOUN
ajfa-469	182	11	from	from	ADP
ajfa-469	182	12	ad	ad	NOUN
ajfa-469	182	13	,	,	PUNCT
ajfa-469	182	14	the	the	DET
ajfa-469	182	15	standard	standard	ADJ
ajfa-469	182	16	error	error	NOUN
ajfa-469	182	17	of	of	ADP
ajfa-469	182	18	the	the	DET
ajfa-469	182	19	cumulative	cumulative	ADJ
ajfa-469	182	20	return	return	NOUN
ajfa-469	182	21	rises	rise	NOUN
ajfa-469	182	22	.	.	PUNCT
ajfa-469	183	1	consequently	consequently	ADV
ajfa-469	183	2	though	though	SCONJ
ajfa-469	183	3	the	the	DET
ajfa-469	183	4	cumulative	cumulative	ADJ
ajfa-469	183	5	abnormal	abnormal	ADJ
ajfa-469	183	6	return	return	NOUN
ajfa-469	183	7	continues	continue	VERB
ajfa-469	183	8	to	to	PART
ajfa-469	183	9	rise	rise	VERB
ajfa-469	183	10	and	and	CCONJ
ajfa-469	183	11	remains	remain	VERB
ajfa-469	183	12	economically	economically	ADV
ajfa-469	183	13	very	very	ADV
ajfa-469	183	14	significant	significant	ADJ
ajfa-469	183	15	(	(	PUNCT
ajfa-469	183	16	see	see	VERB
ajfa-469	183	17	figure-1	figure-1	PROPN
ajfa-469	183	18	)	)	PUNCT
ajfa-469	183	19	,	,	PUNCT
ajfa-469	183	20	it	it	PRON
ajfa-469	183	21	is	be	AUX
ajfa-469	183	22	not	not	PART
ajfa-469	183	23	statistically	statistically	ADV
ajfa-469	183	24	significant	significant	ADJ
ajfa-469	183	25	in	in	ADP
ajfa-469	183	26	a	a	DET
ajfa-469	183	27	few	few	ADJ
ajfa-469	183	28	cases	case	NOUN
ajfa-469	183	29	.	.	PUNCT
ajfa-469	184	1	hence	hence	ADV
ajfa-469	184	2	it	it	PRON
ajfa-469	184	3	can	can	AUX
ajfa-469	184	4	be	be	AUX
ajfa-469	184	5	concluded	conclude	VERB
ajfa-469	184	6	that	that	SCONJ
ajfa-469	184	7	the	the	DET
ajfa-469	184	8	abnormal	abnormal	ADJ
ajfa-469	184	9	returns	return	NOUN
ajfa-469	184	10	are	be	AUX
ajfa-469	184	11	permanent	permanent	ADJ
ajfa-469	184	12	,	,	PUNCT
ajfa-469	184	13	increasing	increase	VERB
ajfa-469	184	14	and	and	CCONJ
ajfa-469	184	15	statistically	statistically	ADV
ajfa-469	184	16	significant	significant	ADJ
ajfa-469	184	17	even	even	ADV
ajfa-469	184	18	after	after	ADP
ajfa-469	184	19	70	70	NUM
ajfa-469	184	20	days	day	NOUN
ajfa-469	184	21	from	from	ADP
ajfa-469	184	22	ad	ad	NOUN
ajfa-469	184	23	for	for	ADP
ajfa-469	184	24	nifty	nifty	ADJ
ajfa-469	184	25	inclusions	inclusion	NOUN
ajfa-469	184	26	between	between	ADP
ajfa-469	184	27	1999	1999	NUM
ajfa-469	184	28	and	and	CCONJ
ajfa-469	184	29	2010	2010	NUM
ajfa-469	184	30	.	.	PUNCT
ajfa-469	185	1	similar	similar	ADJ
ajfa-469	185	2	conclusion	conclusion	NOUN
ajfa-469	185	3	can	can	AUX
ajfa-469	185	4	be	be	AUX
ajfa-469	185	5	made	make	VERB
ajfa-469	185	6	for	for	ADP
ajfa-469	185	7	the	the	DET
ajfa-469	185	8	both	both	CCONJ
ajfa-469	185	9	the	the	DET
ajfa-469	185	10	sub	sub	NOUN
ajfa-469	185	11	periods	period	VERB
ajfa-469	185	12	with	with	ADP
ajfa-469	185	13	the	the	DET
ajfa-469	185	14	recent	recent	ADJ
ajfa-469	185	15	sub	sub	NOUN
ajfa-469	185	16	-	-	NOUN
ajfa-469	185	17	period	period	NOUN
ajfa-469	185	18	displaying	display	VERB
ajfa-469	185	19	increased	increase	VERB
ajfa-469	185	20	index	index	NOUN
ajfa-469	185	21	addition	addition	NOUN
ajfa-469	185	22	effect	effect	NOUN
ajfa-469	185	23	.	.	PUNCT
ajfa-469	186	1	as	as	SCONJ
ajfa-469	186	2	the	the	DET
ajfa-469	186	3	indian	indian	ADJ
ajfa-469	186	4	stock	stock	NOUN
ajfa-469	186	5	market	market	NOUN
ajfa-469	186	6	becomes	become	VERB
ajfa-469	186	7	broad	broad	ADJ
ajfa-469	186	8	based	base	VERB
ajfa-469	186	9	,	,	PUNCT
ajfa-469	186	10	it	it	PRON
ajfa-469	186	11	appears	appear	VERB
ajfa-469	186	12	that	that	SCONJ
ajfa-469	186	13	ad	ad	NOUN
ajfa-469	186	14	effect	effect	NOUN
ajfa-469	186	15	becomes	become	VERB
ajfa-469	186	16	more	more	ADV
ajfa-469	186	17	prominent	prominent	ADJ
ajfa-469	186	18	.	.	PUNCT
ajfa-469	187	1	the	the	DET
ajfa-469	187	2	above	above	ADJ
ajfa-469	187	3	results	result	NOUN
ajfa-469	187	4	evidencing	evidence	VERB
ajfa-469	187	5	permanent	permanent	ADJ
ajfa-469	187	6	abnormal	abnormal	ADJ
ajfa-469	187	7	return	return	NOUN
ajfa-469	187	8	following	follow	VERB
ajfa-469	187	9	ad	ad	NOUN
ajfa-469	187	10	are	be	AUX
ajfa-469	187	11	similar	similar	ADJ
ajfa-469	187	12	to	to	ADP
ajfa-469	187	13	many	many	ADJ
ajfa-469	187	14	studies	study	NOUN
ajfa-469	187	15	in	in	ADP
ajfa-469	187	16	the	the	DET
ajfa-469	187	17	developed	develop	VERB
ajfa-469	187	18	markets	market	NOUN
ajfa-469	187	19	and	and	CCONJ
ajfa-469	187	20	emerging	emerge	VERB
ajfa-469	187	21	markets	market	NOUN
ajfa-469	187	22	.	.	PUNCT
ajfa-469	188	1	4.2	4.2	NUM
ajfa-469	188	2	event	event	NOUN
ajfa-469	188	3	windows	window	VERB
ajfa-469	188	4	the	the	DET
ajfa-469	188	5	results	result	NOUN
ajfa-469	188	6	for	for	ADP
ajfa-469	188	7	the	the	DET
ajfa-469	188	8	event	event	NOUN
ajfa-469	188	9	windows	window	NOUN
ajfa-469	188	10	are	be	AUX
ajfa-469	188	11	tabulated	tabulate	VERB
ajfa-469	188	12	in	in	ADP
ajfa-469	188	13	table	table	NOUN
ajfa-469	188	14	3	3	NUM
ajfa-469	188	15	.	.	PUNCT
ajfa-469	189	1	a	a	DET
ajfa-469	189	2	significantly	significantly	ADV
ajfa-469	189	3	positive	positive	ADJ
ajfa-469	189	4	car	car	NOUN
ajfa-469	189	5	for	for	ADP
ajfa-469	189	6	the	the	DET
ajfa-469	189	7	anticipation	anticipation	NOUN
ajfa-469	189	8	window	window	NOUN
ajfa-469	189	9	will	will	AUX
ajfa-469	189	10	imply	imply	VERB
ajfa-469	189	11	anticipation	anticipation	NOUN
ajfa-469	189	12	and	and	CCONJ
ajfa-469	189	13	leakage	leakage	NOUN
ajfa-469	189	14	of	of	ADP
ajfa-469	189	15	index	index	NOUN
ajfa-469	189	16	change	change	NOUN
ajfa-469	189	17	announcements	announcement	NOUN
ajfa-469	189	18	.	.	PUNCT
ajfa-469	190	1	however	however	ADV
ajfa-469	190	2	the	the	DET
ajfa-469	190	3	anticipation	anticipation	NOUN
ajfa-469	190	4	window	window	NOUN
ajfa-469	190	5	car	car	NOUN
ajfa-469	190	6	is	be	AUX
ajfa-469	190	7	negative	negative	ADJ
ajfa-469	190	8	(	(	PUNCT
ajfa-469	190	9	-1.93	-1.93	NUM
ajfa-469	190	10	%	%	NOUN
ajfa-469	190	11	)	)	PUNCT
ajfa-469	190	12	suggesting	suggest	VERB
ajfa-469	190	13	no	no	DET
ajfa-469	190	14	evidence	evidence	NOUN
ajfa-469	190	15	of	of	ADP
ajfa-469	190	16	anticipation	anticipation	NOUN
ajfa-469	190	17	prior	prior	ADV
ajfa-469	190	18	to	to	ADP
ajfa-469	190	19	the	the	DET
ajfa-469	190	20	announcement	announcement	NOUN
ajfa-469	190	21	for	for	ADP
ajfa-469	190	22	the	the	DET
ajfa-469	190	23	complete	complete	ADJ
ajfa-469	190	24	period	period	NOUN
ajfa-469	190	25	1999	1999	NUM
ajfa-469	190	26	–	–	PUNCT
ajfa-469	190	27	2010	2010	NUM
ajfa-469	190	28	.	.	PUNCT
ajfa-469	191	1	the	the	DET
ajfa-469	191	2	results	result	NOUN
ajfa-469	191	3	for	for	ADP
ajfa-469	191	4	both	both	CCONJ
ajfa-469	191	5	the	the	DET
ajfa-469	191	6	sub	sub	NOUN
ajfa-469	191	7	-	-	ADJ
ajfa-469	191	8	periods	period	NOUN
ajfa-469	191	9	are	be	AUX
ajfa-469	191	10	also	also	ADV
ajfa-469	191	11	negative	negative	ADJ
ajfa-469	191	12	and	and	CCONJ
ajfa-469	191	13	statistically	statistically	ADV
ajfa-469	191	14	not	not	PART
ajfa-469	191	15	significant	significant	ADJ
ajfa-469	191	16	.	.	PUNCT
ajfa-469	192	1	the	the	DET
ajfa-469	192	2	run	run	VERB
ajfa-469	192	3	-	-	PUNCT
ajfa-469	192	4	up	up	ADP
ajfa-469	192	5	window	window	NOUN
ajfa-469	192	6	car	car	NOUN
ajfa-469	192	7	for	for	ADP
ajfa-469	192	8	the	the	DET
ajfa-469	192	9	complete	complete	ADJ
ajfa-469	192	10	period	period	NOUN
ajfa-469	192	11	is	be	AUX
ajfa-469	192	12	0.2	0.2	NUM
ajfa-469	192	13	%	%	NOUN
ajfa-469	192	14	which	which	PRON
ajfa-469	192	15	is	be	AUX
ajfa-469	192	16	both	both	PRON
ajfa-469	192	17	statistically	statistically	ADJ
ajfa-469	192	18	and	and	CCONJ
ajfa-469	192	19	economically	economically	ADV
ajfa-469	192	20	not	not	PART
ajfa-469	192	21	significant	significant	ADJ
ajfa-469	192	22	at	at	ADP
ajfa-469	192	23	any	any	DET
ajfa-469	192	24	level	level	NOUN
ajfa-469	192	25	of	of	ADP
ajfa-469	192	26	significance	significance	NOUN
ajfa-469	192	27	.	.	PUNCT
ajfa-469	193	1	however	however	ADV
ajfa-469	193	2	the	the	DET
ajfa-469	193	3	run	run	VERB
ajfa-469	193	4	-	-	PUNCT
ajfa-469	193	5	up	up	ADP
ajfa-469	193	6	car	car	NOUN
ajfa-469	193	7	for	for	ADP
ajfa-469	193	8	the	the	DET
ajfa-469	193	9	sub	sub	ADJ
ajfa-469	193	10	-	-	ADJ
ajfa-469	193	11	periods	periods	ADJ
ajfa-469	193	12	presents	present	VERB
ajfa-469	193	13	a	a	DET
ajfa-469	193	14	contrasting	contrast	VERB
ajfa-469	193	15	picture	picture	NOUN
ajfa-469	193	16	.	.	PUNCT
ajfa-469	194	1	the	the	DET
ajfa-469	194	2	car	car	NOUN
ajfa-469	194	3	for	for	ADP
ajfa-469	194	4	the	the	DET
ajfa-469	194	5	1999	1999	NUM
ajfa-469	194	6	-	-	SYM
ajfa-469	194	7	2006	2006	NUM
ajfa-469	194	8	period	period	NOUN
ajfa-469	194	9	and	and	CCONJ
ajfa-469	194	10	asian	asian	ADJ
ajfa-469	194	11	journal	journal	NOUN
ajfa-469	194	12	of	of	ADP
ajfa-469	194	13	finance	finance	PROPN
ajfa-469	194	14	&	&	CCONJ
ajfa-469	194	15	accounting	accounting	PROPN
ajfa-469	194	16	issn	issn	PROPN
ajfa-469	194	17	1946	1946	NUM
ajfa-469	194	18	-	-	PUNCT
ajfa-469	194	19	052x	052x	NOUN
ajfa-469	194	20	2010	2010	NUM
ajfa-469	194	21	,	,	PUNCT
ajfa-469	194	22	vol	vol	NOUN
ajfa-469	194	23	.	.	PROPN
ajfa-469	194	24	2	2	NUM
ajfa-469	194	25	,	,	PUNCT
ajfa-469	194	26	no	no	INTJ
ajfa-469	194	27	.	.	NOUN
ajfa-469	194	28	2	2	NUM
ajfa-469	194	29	:	:	PUNCT
ajfa-469	194	30	e4	e4	PROPN
ajfa-469	194	31	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	194	32	66	66	NUM
ajfa-469	194	33	2007	2007	NUM
ajfa-469	194	34	-	-	SYM
ajfa-469	194	35	2010	2010	NUM
ajfa-469	194	36	period	period	NOUN
ajfa-469	194	37	is	be	AUX
ajfa-469	194	38	1.41	1.41	NUM
ajfa-469	194	39	%	%	NOUN
ajfa-469	194	40	and	and	CCONJ
ajfa-469	194	41	-2.39	-2.39	NOUN
ajfa-469	194	42	%	%	NOUN
ajfa-469	194	43	respectively	respectively	ADV
ajfa-469	194	44	and	and	CCONJ
ajfa-469	194	45	both	both	PRON
ajfa-469	194	46	are	be	AUX
ajfa-469	194	47	not	not	PART
ajfa-469	194	48	statistically	statistically	ADV
ajfa-469	194	49	significant	significant	ADJ
ajfa-469	194	50	.	.	PUNCT
ajfa-469	195	1	according	accord	VERB
ajfa-469	195	2	to	to	ADP
ajfa-469	195	3	lynch	lynch	PROPN
ajfa-469	195	4	and	and	CCONJ
ajfa-469	195	5	mendenhall(1987	mendenhall(1987	NUM
ajfa-469	195	6	)	)	PUNCT
ajfa-469	195	7	,	,	PUNCT
ajfa-469	195	8	positive	positive	ADJ
ajfa-469	195	9	and	and	CCONJ
ajfa-469	195	10	significant	significant	ADJ
ajfa-469	195	11	run	run	NOUN
ajfa-469	195	12	-	-	PUNCT
ajfa-469	195	13	up	up	ADP
ajfa-469	195	14	car	car	NOUN
ajfa-469	195	15	is	be	AUX
ajfa-469	195	16	consistent	consistent	ADJ
ajfa-469	195	17	with	with	ADP
ajfa-469	195	18	the	the	DET
ajfa-469	195	19	dsdc	dsdc	NOUN
ajfa-469	195	20	hypothesis	hypothesis	NOUN
ajfa-469	195	21	.	.	PUNCT
ajfa-469	196	1	the	the	DET
ajfa-469	196	2	results	result	NOUN
ajfa-469	196	3	from	from	ADP
ajfa-469	196	4	this	this	DET
ajfa-469	196	5	study	study	NOUN
ajfa-469	196	6	show	show	VERB
ajfa-469	196	7	that	that	SCONJ
ajfa-469	196	8	the	the	DET
ajfa-469	196	9	run	run	VERB
ajfa-469	196	10	-	-	PUNCT
ajfa-469	196	11	up	up	ADP
ajfa-469	196	12	car	car	NOUN
ajfa-469	196	13	is	be	AUX
ajfa-469	196	14	not	not	PART
ajfa-469	196	15	statistically	statistically	ADV
ajfa-469	196	16	significant	significant	ADJ
ajfa-469	196	17	.	.	PUNCT
ajfa-469	197	1	further	far	ADV
ajfa-469	197	2	,	,	PUNCT
ajfa-469	197	3	for	for	ADP
ajfa-469	197	4	the	the	DET
ajfa-469	197	5	recent	recent	ADJ
ajfa-469	197	6	second	second	ADJ
ajfa-469	197	7	sub	sub	NOUN
ajfa-469	197	8	period	period	NOUN
ajfa-469	197	9	the	the	DET
ajfa-469	197	10	run	run	VERB
ajfa-469	197	11	-	-	PUNCT
ajfa-469	197	12	up	up	ADP
ajfa-469	197	13	car	car	NOUN
ajfa-469	197	14	is	be	AUX
ajfa-469	197	15	negative	negative	ADJ
ajfa-469	197	16	as	as	ADP
ajfa-469	197	17	against	against	ADP
ajfa-469	197	18	the	the	DET
ajfa-469	197	19	requirement	requirement	NOUN
ajfa-469	197	20	of	of	ADP
ajfa-469	197	21	significantly	significantly	ADV
ajfa-469	197	22	positive	positive	ADJ
ajfa-469	197	23	run	run	VERB
ajfa-469	197	24	-	-	PUNCT
ajfa-469	197	25	up	up	ADP
ajfa-469	197	26	car	car	NOUN
ajfa-469	197	27	for	for	ADP
ajfa-469	197	28	dsdc	dsdc	NOUN
ajfa-469	197	29	hypothesis	hypothesis	NOUN
ajfa-469	197	30	.	.	PUNCT
ajfa-469	198	1	the	the	DET
ajfa-469	198	2	overall	overall	ADJ
ajfa-469	198	3	results	result	NOUN
ajfa-469	198	4	in	in	ADP
ajfa-469	198	5	general	general	ADJ
ajfa-469	198	6	and	and	CCONJ
ajfa-469	198	7	the	the	DET
ajfa-469	198	8	recent	recent	ADJ
ajfa-469	198	9	period	period	NOUN
ajfa-469	198	10	results	result	NOUN
ajfa-469	198	11	in	in	ADP
ajfa-469	198	12	particular	particular	ADJ
ajfa-469	198	13	evidence	evidence	NOUN
ajfa-469	198	14	strongly	strongly	ADV
ajfa-469	198	15	against	against	ADP
ajfa-469	198	16	the	the	DET
ajfa-469	198	17	dsdc	dsdc	NOUN
ajfa-469	198	18	hypothesis	hypothesis	NOUN
ajfa-469	198	19	.	.	PUNCT
ajfa-469	198	20	table	table	NOUN
ajfa-469	198	21	3	3	NUM
ajfa-469	198	22	.	.	X
ajfa-469	198	23	abnormal	abnormal	ADJ
ajfa-469	198	24	return	return	NOUN
ajfa-469	198	25	in	in	ADP
ajfa-469	198	26	the	the	DET
ajfa-469	198	27	event	event	NOUN
ajfa-469	198	28	windows	window	VERB
ajfa-469	198	29	around	around	ADP
ajfa-469	198	30	nifty	nifty	ADJ
ajfa-469	198	31	index	index	NOUN
ajfa-469	198	32	addition	addition	NOUN
ajfa-469	198	33	specific	specific	ADJ
ajfa-469	198	34	event	event	NOUN
ajfa-469	198	35	window	window	NOUN
ajfa-469	198	36	event	event	NOUN
ajfa-469	198	37	days	day	NOUN
ajfa-469	198	38	car	car	NOUN
ajfa-469	198	39	n	n	NOUN
ajfa-469	198	40	=	=	SYM
ajfa-469	198	41	38	38	NUM
ajfa-469	198	42	1999	1999	NUM
ajfa-469	198	43	-	-	SYM
ajfa-469	198	44	2010	2010	NUM
ajfa-469	198	45	sub	sub	NOUN
ajfa-469	198	46	-	-	NOUN
ajfa-469	198	47	period	period	NOUN
ajfa-469	198	48	i	i	NOUN
ajfa-469	198	49	1999	1999	NUM
ajfa-469	198	50	-	-	SYM
ajfa-469	198	51	2006	2006	NUM
ajfa-469	198	52	sub	sub	NOUN
ajfa-469	198	53	-	-	NOUN
ajfa-469	198	54	period	period	ADJ
ajfa-469	198	55	ii	ii	NOUN
ajfa-469	198	56	2007	2007	NUM
ajfa-469	198	57	-	-	SYM
ajfa-469	198	58	2010	2010	NUM
ajfa-469	198	59	anticipation	anticipation	NOUN
ajfa-469	198	60	window	window	NOUN
ajfa-469	198	61	ad-10	ad-10	PRON
ajfa-469	198	62	to	to	ADP
ajfa-469	198	63	ad	ad	NOUN
ajfa-469	198	64	-1.93	-1.93	NUM
ajfa-469	198	65	%	%	NOUN
ajfa-469	198	66	-2.01	-2.01	NUM
ajfa-469	198	67	%	%	NOUN
ajfa-469	198	68	-1.78	-1.78	NUM
ajfa-469	198	69	%	%	NOUN
ajfa-469	198	70	t	t	NOUN
ajfa-469	198	71	-	-	PUNCT
ajfa-469	198	72	stat	stat	NOUN
ajfa-469	198	73	-1.058	-1.058	PUNCT
ajfa-469	198	74	-0.772	-0.772	NOUN
ajfa-469	198	75	-0.796	-0.796	PUNCT
ajfa-469	198	76	p	p	NOUN
ajfa-469	198	77	-	-	PUNCT
ajfa-469	198	78	value	value	NOUN
ajfa-469	198	79	0.148	0.148	NUM
ajfa-469	198	80	0.224	0.224	NUM
ajfa-469	198	81	0.220	0.220	NUM
ajfa-469	198	82	ad	ad	NOUN
ajfa-469	198	83	window	window	NOUN
ajfa-469	198	84	ad+1,ad+2,ad+3	ad+1,ad+2,ad+3	PROPN
ajfa-469	198	85	2.94	2.94	NUM
ajfa-469	198	86	%	%	NOUN
ajfa-469	198	87	1.67	1.67	NUM
ajfa-469	198	88	%	%	NOUN
ajfa-469	198	89	5.11	5.11	NUM
ajfa-469	198	90	%	%	NOUN
ajfa-469	199	1	car>0	car>0	NOUN
ajfa-469	199	2	%	%	NOUN
ajfa-469	199	3	=	=	NOUN
ajfa-469	199	4	68.42	68.42	NUM
ajfa-469	199	5	%	%	NOUN
ajfa-469	199	6	t	t	NOUN
ajfa-469	199	7	-	-	PUNCT
ajfa-469	199	8	stat	stat	NOUN
ajfa-469	199	9	2.918	2.918	NUM
ajfa-469	199	10	1.156	1.156	NUM
ajfa-469	199	11	5.324	5.324	NUM
ajfa-469	199	12	p	p	NOUN
ajfa-469	199	13	-	-	PUNCT
ajfa-469	199	14	value	value	NOUN
ajfa-469	199	15	0.003	0.003	NUM
ajfa-469	199	16	*	*	PUNCT
ajfa-469	199	17	*	*	PUNCT
ajfa-469	199	18	*	*	PUNCT
ajfa-469	199	19	0.13	0.13	NUM
ajfa-469	199	20	0.001	0.001	NUM
ajfa-469	199	21	*	*	PUNCT
ajfa-469	199	22	*	*	PUNCT
ajfa-469	199	23	*	*	PUNCT
ajfa-469	199	24	run	run	VERB
ajfa-469	199	25	up	up	ADP
ajfa-469	199	26	window	window	NOUN
ajfa-469	199	27	ad+4	ad+4	NUM
ajfa-469	199	28	to	to	ADP
ajfa-469	199	29	ed-1	ed-1	NOUN
ajfa-469	199	30	0.20	0.20	NUM
ajfa-469	199	31	%	%	NOUN
ajfa-469	199	32	1.41	1.41	NUM
ajfa-469	199	33	%	%	NOUN
ajfa-469	199	34	-2.39	-2.39	PRON
ajfa-469	199	35	%	%	NOUN
ajfa-469	199	36	t	t	NOUN
ajfa-469	199	37	-	-	PUNCT
ajfa-469	199	38	stat	stat	NOUN
ajfa-469	199	39	0.026	0.026	NUM
ajfa-469	199	40	0.480	0.480	NUM
ajfa-469	199	41	-1.000	-1.000	NUM
ajfa-469	199	42	p	p	NOUN
ajfa-469	199	43	-	-	PUNCT
ajfa-469	199	44	value	value	NOUN
ajfa-469	199	45	0.979	0.979	NUM
ajfa-469	199	46	0.635	0.635	NUM
ajfa-469	199	47	0.337	0.337	NUM
ajfa-469	199	48	effective	effective	ADJ
ajfa-469	199	49	day	day	NOUN
ajfa-469	199	50	ed	ed	NOUN
ajfa-469	199	51	1.92	1.92	NUM
ajfa-469	199	52	%	%	NOUN
ajfa-469	199	53	2.03	2.03	NUM
ajfa-469	199	54	%	%	NOUN
ajfa-469	199	55	1.73	1.73	NUM
ajfa-469	199	56	%	%	NOUN
ajfa-469	200	1	car>0	car>0	ADJ
ajfa-469	200	2	%	%	NOUN
ajfa-469	200	3	=	=	SYM
ajfa-469	200	4	76.32	76.32	NUM
ajfa-469	200	5	%	%	NOUN
ajfa-469	200	6	t	t	NOUN
ajfa-469	200	7	-	-	PUNCT
ajfa-469	200	8	stat	stat	NOUN
ajfa-469	200	9	3.459	3.459	NUM
ajfa-469	200	10	2.740	2.740	NUM
ajfa-469	200	11	2.057	2.057	NUM
ajfa-469	200	12	p	p	ADJ
ajfa-469	200	13	-	-	PUNCT
ajfa-469	200	14	value	value	NOUN
ajfa-469	200	15	0.001	0.001	NUM
ajfa-469	200	16	*	*	NOUN
ajfa-469	200	17	*	*	PUNCT
ajfa-469	200	18	*	*	PUNCT
ajfa-469	200	19	0.011	0.011	NUM
ajfa-469	200	20	*	*	X
ajfa-469	200	21	*	*	NOUN
ajfa-469	200	22	0.060	0.060	NUM
ajfa-469	200	23	*	*	PUNCT
ajfa-469	200	24	release	release	NOUN
ajfa-469	200	25	window	window	NOUN
ajfa-469	200	26	ed+1	ed+1	NOUN
ajfa-469	200	27	to	to	ADP
ajfa-469	200	28	ed	ed	NOUN
ajfa-469	200	29	+	+	CCONJ
ajfa-469	200	30	4	4	NUM
ajfa-469	200	31	-0.89	-0.89	NUM
ajfa-469	200	32	%	%	NOUN
ajfa-469	200	33	-0.89	-0.89	NUM
ajfa-469	200	34	%	%	NOUN
ajfa-469	200	35	-0.88	-0.88	NUM
ajfa-469	200	36	%	%	NOUN
ajfa-469	200	37	t	t	NOUN
ajfa-469	200	38	-	-	PUNCT
ajfa-469	200	39	stat	stat	NOUN
ajfa-469	200	40	-1.052	-1.052	X
ajfa-469	200	41	-0.730	-0.730	X
ajfa-469	200	42	-0.893	-0.893	CCONJ
ajfa-469	200	43	p	p	NOUN
ajfa-469	200	44	-	-	PUNCT
ajfa-469	200	45	value	value	NOUN
ajfa-469	200	46	0.299	0.299	NUM
ajfa-469	200	47	0.479	0.479	NUM
ajfa-469	200	48	0.388	0.388	NUM
ajfa-469	200	49	ed	ed	NOUN
ajfa-469	200	50	long	long	ADJ
ajfa-469	200	51	run	run	NOUN
ajfa-469	200	52	window9	window9	ADJ
ajfa-469	200	53	ed	ed	NOUN
ajfa-469	200	54	to	to	ADP
ajfa-469	200	55	ed+60	ed+60	PROPN
ajfa-469	200	56	4.70	4.70	NUM
ajfa-469	200	57	%	%	NOUN
ajfa-469	200	58	1.68	1.68	NUM
ajfa-469	200	59	%	%	NOUN
ajfa-469	200	60	10.35	10.35	NUM
ajfa-469	200	61	%	%	NOUN
ajfa-469	200	62	t	t	NOUN
ajfa-469	200	63	-	-	PUNCT
ajfa-469	200	64	stat	stat	NOUN
ajfa-469	200	65	1.275	1.275	NUM
ajfa-469	200	66	0.339	0.339	NUM
ajfa-469	200	67	2.028	2.028	NUM
ajfa-469	200	68	p	p	NOUN
ajfa-469	200	69	-	-	PUNCT
ajfa-469	200	70	value	value	NOUN
ajfa-469	200	71	0.21	0.21	NUM
ajfa-469	200	72	0.738	0.738	NUM
ajfa-469	200	73	0.065	0.065	NUM
ajfa-469	200	74	*	*	NOUN
ajfa-469	200	75	the	the	DET
ajfa-469	200	76	sample	sample	NOUN
ajfa-469	200	77	includes	include	VERB
ajfa-469	200	78	all	all	DET
ajfa-469	200	79	the	the	DET
ajfa-469	200	80	nifty	nifty	ADJ
ajfa-469	200	81	additions	addition	NOUN
ajfa-469	200	82	for	for	ADP
ajfa-469	200	83	the	the	DET
ajfa-469	200	84	period	period	NOUN
ajfa-469	200	85	1999	1999	NUM
ajfa-469	200	86	-	-	SYM
ajfa-469	200	87	2010	2010	NUM
ajfa-469	200	88	in	in	ADP
ajfa-469	200	89	the	the	DET
ajfa-469	200	90	indian	indian	ADJ
ajfa-469	200	91	stock	stock	NOUN
ajfa-469	200	92	market	market	NOUN
ajfa-469	200	93	.	.	PUNCT
ajfa-469	201	1	‘	'	PUNCT
ajfa-469	201	2	ad	ad	NOUN
ajfa-469	201	3	’	'	PUNCT
ajfa-469	201	4	is	be	AUX
ajfa-469	201	5	the	the	DET
ajfa-469	201	6	announcement	announcement	NOUN
ajfa-469	201	7	day	day	NOUN
ajfa-469	201	8	.	.	PUNCT
ajfa-469	202	1	‘	'	PUNCT
ajfa-469	202	2	ed	ed	NOUN
ajfa-469	202	3	’	'	PUNCT
ajfa-469	202	4	is	be	AUX
ajfa-469	202	5	the	the	DET
ajfa-469	202	6	actual	actual	ADJ
ajfa-469	202	7	date	date	NOUN
ajfa-469	202	8	of	of	ADP
ajfa-469	202	9	inclusion	inclusion	NOUN
ajfa-469	202	10	.	.	PUNCT
ajfa-469	203	1	cumulative	cumulative	ADJ
ajfa-469	203	2	abnormal	abnormal	ADJ
ajfa-469	203	3	returns	return	NOUN
ajfa-469	203	4	in	in	ADP
ajfa-469	203	5	smaller	small	ADJ
ajfa-469	203	6	event	event	NOUN
ajfa-469	203	7	windows	window	VERB
ajfa-469	203	8	-1999	-1999	PROPN
ajfa-469	203	9	-2010	-2010	PROPN
ajfa-469	203	10	.	.	PUNCT
ajfa-469	204	1	the	the	DET
ajfa-469	204	2	first	first	ADJ
ajfa-469	204	3	column	column	NOUN
ajfa-469	204	4	specifies	specify	VERB
ajfa-469	204	5	the	the	DET
ajfa-469	204	6	event	event	NOUN
ajfa-469	204	7	window	window	NOUN
ajfa-469	204	8	of	of	ADP
ajfa-469	204	9	interest	interest	NOUN
ajfa-469	204	10	.	.	PUNCT
ajfa-469	205	1	the	the	DET
ajfa-469	205	2	actual	actual	ADJ
ajfa-469	205	3	start	start	NOUN
ajfa-469	205	4	end	end	NOUN
ajfa-469	205	5	dates	date	NOUN
ajfa-469	205	6	are	be	AUX
ajfa-469	205	7	specified	specify	VERB
ajfa-469	205	8	in	in	ADP
ajfa-469	205	9	the	the	DET
ajfa-469	205	10	second	second	ADJ
ajfa-469	205	11	column	column	NOUN
ajfa-469	205	12	.	.	PUNCT
ajfa-469	206	1	the	the	DET
ajfa-469	206	2	cumulative	cumulative	ADJ
ajfa-469	206	3	abnormal	abnormal	ADJ
ajfa-469	206	4	return(car	return(car	NOUN
ajfa-469	206	5	)	)	PUNCT
ajfa-469	206	6	for	for	ADP
ajfa-469	206	7	complete	complete	ADJ
ajfa-469	206	8	period	period	NOUN
ajfa-469	206	9	,	,	PUNCT
ajfa-469	206	10	first	first	ADJ
ajfa-469	206	11	and	and	CCONJ
ajfa-469	206	12	second	second	ADJ
ajfa-469	206	13	period	period	NOUN
ajfa-469	206	14	in	in	ADP
ajfa-469	206	15	columns	column	NOUN
ajfa-469	206	16	3,4	3,4	NUM
ajfa-469	206	17	and	and	CCONJ
ajfa-469	206	18	5	5	NUM
ajfa-469	206	19	respectively	respectively	ADV
ajfa-469	206	20	.	.	PUNCT
ajfa-469	207	1	*	*	PUNCT
ajfa-469	207	2	,	,	PUNCT
ajfa-469	207	3	*	*	PUNCT
ajfa-469	207	4	*	*	PUNCT
ajfa-469	207	5	,	,	PUNCT
ajfa-469	207	6	*	*	PUNCT
ajfa-469	207	7	*	*	PUNCT
ajfa-469	207	8	*	*	PUNCT
ajfa-469	207	9	indicate	indicate	VERB
ajfa-469	207	10	significance	significance	NOUN
ajfa-469	207	11	at	at	ADP
ajfa-469	207	12	1	1	NUM
ajfa-469	207	13	%	%	NOUN
ajfa-469	207	14	,	,	PUNCT
ajfa-469	207	15	5	5	NUM
ajfa-469	207	16	%	%	NOUN
ajfa-469	207	17	and	and	CCONJ
ajfa-469	207	18	10	10	NUM
ajfa-469	207	19	%	%	NOUN
ajfa-469	207	20	level	level	NOUN
ajfa-469	207	21	respectively	respectively	ADV
ajfa-469	207	22	.	.	PUNCT
ajfa-469	208	1	in	in	ADP
ajfa-469	208	2	the	the	DET
ajfa-469	208	3	ed	ed	NOUN
ajfa-469	208	4	window	window	NOUN
ajfa-469	208	5	,	,	PUNCT
ajfa-469	208	6	it	it	PRON
ajfa-469	208	7	is	be	AUX
ajfa-469	208	8	observed	observe	VERB
ajfa-469	208	9	that	that	DET
ajfa-469	208	10	car	car	NOUN
ajfa-469	208	11	for	for	ADP
ajfa-469	208	12	the	the	DET
ajfa-469	208	13	complete	complete	ADJ
ajfa-469	208	14	period	period	NOUN
ajfa-469	208	15	as	as	ADV
ajfa-469	208	16	well	well	ADV
ajfa-469	208	17	as	as	ADP
ajfa-469	208	18	the	the	DET
ajfa-469	208	19	sub	sub	NOUN
ajfa-469	208	20	-	-	ADJ
ajfa-469	208	21	periods	period	NOUN
ajfa-469	208	22	is	be	AUX
ajfa-469	208	23	statistically	statistically	ADV
ajfa-469	208	24	and	and	CCONJ
ajfa-469	208	25	economically	economically	ADV
ajfa-469	208	26	significant	significant	ADJ
ajfa-469	208	27	.	.	PUNCT
ajfa-469	209	1	it	it	PRON
ajfa-469	209	2	is	be	AUX
ajfa-469	209	3	1.92	1.92	NUM
ajfa-469	209	4	%	%	NOUN
ajfa-469	209	5	for	for	ADP
ajfa-469	209	6	the	the	DET
ajfa-469	209	7	complete	complete	ADJ
ajfa-469	209	8	window	window	NOUN
ajfa-469	209	9	,	,	PUNCT
ajfa-469	209	10	2.03	2.03	NUM
ajfa-469	209	11	%	%	NOUN
ajfa-469	209	12	for	for	ADP
ajfa-469	209	13	9	9	NUM
ajfa-469	209	14	n=37	n=37	NOUN
ajfa-469	209	15	for	for	ADP
ajfa-469	209	16	this	this	DET
ajfa-469	209	17	window	window	NOUN
ajfa-469	209	18	because	because	SCONJ
ajfa-469	209	19	for	for	SCONJ
ajfa-469	209	20	this	this	DET
ajfa-469	209	21	study	study	NOUN
ajfa-469	209	22	only	only	ADV
ajfa-469	209	23	data	data	VERB
ajfa-469	209	24	up	up	ADP
ajfa-469	209	25	to	to	PART
ajfa-469	209	26	31	31	NUM
ajfa-469	209	27	-	-	SYM
ajfa-469	209	28	05	05	NUM
ajfa-469	209	29	-	-	PUNCT
ajfa-469	209	30	2010	2010	NUM
ajfa-469	209	31	was	be	AUX
ajfa-469	209	32	considered	consider	VERB
ajfa-469	209	33	.	.	PUNCT
ajfa-469	210	1	hence	hence	ADV
ajfa-469	210	2	the	the	DET
ajfa-469	210	3	stock	stock	NOUN
ajfa-469	210	4	kotak	kotak	PROPN
ajfa-469	210	5	bank(sl	bank(sl	PROPN
ajfa-469	210	6	no	no	DET
ajfa-469	210	7	1	1	NUM
ajfa-469	210	8	in	in	ADP
ajfa-469	210	9	appendix	appendix	NOUN
ajfa-469	210	10	1	1	NUM
ajfa-469	210	11	)	)	PUNCT
ajfa-469	210	12	which	which	PRON
ajfa-469	210	13	was	be	AUX
ajfa-469	210	14	included	include	VERB
ajfa-469	210	15	to	to	ADP
ajfa-469	210	16	nifty	nifty	ADJ
ajfa-469	210	17	index	index	NOUN
ajfa-469	210	18	on	on	ADP
ajfa-469	210	19	08	08	NUM
ajfa-469	210	20	-	-	PUNCT
ajfa-469	210	21	04	04	NUM
ajfa-469	210	22	-	-	PUNCT
ajfa-469	210	23	2010	2010	NUM
ajfa-469	210	24	was	be	AUX
ajfa-469	210	25	not	not	PART
ajfa-469	210	26	considered	consider	VERB
ajfa-469	210	27	for	for	ADP
ajfa-469	210	28	that	that	DET
ajfa-469	210	29	window	window	NOUN
ajfa-469	210	30	.	.	PUNCT
ajfa-469	211	1	asian	asian	ADJ
ajfa-469	211	2	journal	journal	PROPN
ajfa-469	211	3	of	of	ADP
ajfa-469	211	4	finance	finance	PROPN
ajfa-469	211	5	&	&	CCONJ
ajfa-469	211	6	accounting	accounting	PROPN
ajfa-469	211	7	issn	issn	PROPN
ajfa-469	211	8	1946	1946	NUM
ajfa-469	211	9	-	-	PUNCT
ajfa-469	211	10	052x	052x	NOUN
ajfa-469	211	11	2010	2010	NUM
ajfa-469	211	12	,	,	PUNCT
ajfa-469	211	13	vol	vol	NOUN
ajfa-469	211	14	.	.	PROPN
ajfa-469	211	15	2	2	NUM
ajfa-469	211	16	,	,	PUNCT
ajfa-469	211	17	no	no	INTJ
ajfa-469	211	18	.	.	NOUN
ajfa-469	211	19	2	2	NUM
ajfa-469	211	20	:	:	PUNCT
ajfa-469	211	21	e4	e4	PROPN
ajfa-469	211	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	211	23	67	67	NUM
ajfa-469	211	24	the	the	DET
ajfa-469	211	25	first	first	ADJ
ajfa-469	211	26	sub	sub	NOUN
ajfa-469	211	27	-	-	NOUN
ajfa-469	211	28	period	period	NOUN
ajfa-469	211	29	and	and	CCONJ
ajfa-469	211	30	1.73	1.73	NUM
ajfa-469	211	31	%	%	NOUN
ajfa-469	211	32	for	for	ADP
ajfa-469	211	33	the	the	DET
ajfa-469	211	34	second	second	ADJ
ajfa-469	211	35	sub	sub	NOUN
ajfa-469	211	36	-	-	NOUN
ajfa-469	211	37	period	period	NOUN
ajfa-469	211	38	.	.	PUNCT
ajfa-469	212	1	while	while	SCONJ
ajfa-469	212	2	the	the	DET
ajfa-469	212	3	ed	ed	PROPN
ajfa-469	212	4	window	window	NOUN
ajfa-469	212	5	car	car	NOUN
ajfa-469	212	6	is	be	AUX
ajfa-469	212	7	significant	significant	ADJ
ajfa-469	212	8	at	at	ADP
ajfa-469	212	9	1	1	NUM
ajfa-469	212	10	%	%	NOUN
ajfa-469	212	11	level	level	NOUN
ajfa-469	212	12	for	for	ADP
ajfa-469	212	13	the	the	DET
ajfa-469	212	14	complete	complete	ADJ
ajfa-469	212	15	period	period	NOUN
ajfa-469	212	16	,	,	PUNCT
ajfa-469	212	17	the	the	DET
ajfa-469	212	18	ed	ed	NOUN
ajfa-469	212	19	window	window	NOUN
ajfa-469	212	20	for	for	ADP
ajfa-469	212	21	the	the	DET
ajfa-469	212	22	first	first	ADJ
ajfa-469	212	23	and	and	CCONJ
ajfa-469	212	24	second	second	ADJ
ajfa-469	212	25	period	period	NOUN
ajfa-469	212	26	is	be	AUX
ajfa-469	212	27	significant	significant	ADJ
ajfa-469	212	28	at	at	ADP
ajfa-469	212	29	5	5	NUM
ajfa-469	212	30	%	%	NOUN
ajfa-469	212	31	level	level	NOUN
ajfa-469	212	32	and	and	CCONJ
ajfa-469	212	33	10	10	NUM
ajfa-469	212	34	%	%	NOUN
ajfa-469	212	35	level	level	NOUN
ajfa-469	212	36	respectively	respectively	ADV
ajfa-469	212	37	.	.	PUNCT
ajfa-469	213	1	the	the	DET
ajfa-469	213	2	percentage	percentage	NOUN
ajfa-469	213	3	of	of	ADP
ajfa-469	213	4	stocks	stock	NOUN
ajfa-469	213	5	with	with	ADP
ajfa-469	213	6	positive	positive	ADJ
ajfa-469	213	7	car	car	NOUN
ajfa-469	213	8	is	be	AUX
ajfa-469	213	9	76.32	76.32	NUM
ajfa-469	213	10	%	%	NOUN
ajfa-469	213	11	.	.	PUNCT
ajfa-469	214	1	the	the	DET
ajfa-469	214	2	inclusion	inclusion	NOUN
ajfa-469	214	3	day	day	NOUN
ajfa-469	214	4	abnormal	abnormal	ADJ
ajfa-469	214	5	return	return	NOUN
ajfa-469	214	6	is	be	AUX
ajfa-469	214	7	supposed	suppose	VERB
ajfa-469	214	8	to	to	PART
ajfa-469	214	9	be	be	AUX
ajfa-469	214	10	positive	positive	ADJ
ajfa-469	214	11	due	due	ADP
ajfa-469	214	12	to	to	ADP
ajfa-469	214	13	the	the	DET
ajfa-469	214	14	action	action	NOUN
ajfa-469	214	15	of	of	ADP
ajfa-469	214	16	index	index	NOUN
ajfa-469	214	17	funds	fund	NOUN
ajfa-469	214	18	.	.	PUNCT
ajfa-469	215	1	this	this	DET
ajfa-469	215	2	assertion	assertion	NOUN
ajfa-469	215	3	is	be	AUX
ajfa-469	215	4	supported	support	VERB
ajfa-469	215	5	by	by	ADP
ajfa-469	215	6	high	high	ADJ
ajfa-469	215	7	percentage	percentage	NOUN
ajfa-469	215	8	of	of	ADP
ajfa-469	215	9	stocks	stock	NOUN
ajfa-469	215	10	with	with	ADP
ajfa-469	215	11	positive	positive	ADJ
ajfa-469	215	12	car	car	NOUN
ajfa-469	215	13	during	during	ADP
ajfa-469	215	14	ed	ed	NOUN
ajfa-469	215	15	,	,	PUNCT
ajfa-469	215	16	even	even	ADV
ajfa-469	215	17	higher	high	ADJ
ajfa-469	215	18	than	than	ADP
ajfa-469	215	19	on	on	ADP
ajfa-469	215	20	ad	ad	NOUN
ajfa-469	215	21	.	.	PUNCT
ajfa-469	216	1	a	a	DET
ajfa-469	216	2	control	control	NOUN
ajfa-469	216	3	mean	mean	NOUN
ajfa-469	216	4	including	include	VERB
ajfa-469	216	5	only	only	ADV
ajfa-469	216	6	the	the	DET
ajfa-469	216	7	stocks	stock	NOUN
ajfa-469	216	8	with	with	ADP
ajfa-469	216	9	positive	positive	ADJ
ajfa-469	216	10	car	car	NOUN
ajfa-469	216	11	was	be	AUX
ajfa-469	216	12	calculated	calculate	VERB
ajfa-469	216	13	.	.	PUNCT
ajfa-469	217	1	it	it	PRON
ajfa-469	217	2	is	be	AUX
ajfa-469	217	3	statistically	statistically	ADV
ajfa-469	217	4	and	and	CCONJ
ajfa-469	217	5	economically	economically	ADV
ajfa-469	217	6	significant	significant	ADJ
ajfa-469	217	7	3.18	3.18	NUM
ajfa-469	217	8	%	%	NOUN
ajfa-469	217	9	for	for	ADP
ajfa-469	217	10	the	the	DET
ajfa-469	217	11	whole	whole	ADJ
ajfa-469	217	12	period	period	NOUN
ajfa-469	217	13	,	,	PUNCT
ajfa-469	217	14	3.26	3.26	NUM
ajfa-469	217	15	for	for	ADP
ajfa-469	217	16	the	the	DET
ajfa-469	217	17	first	first	ADJ
ajfa-469	217	18	period	period	NOUN
ajfa-469	217	19	and	and	CCONJ
ajfa-469	217	20	3.06	3.06	NUM
ajfa-469	217	21	for	for	ADP
ajfa-469	217	22	the	the	DET
ajfa-469	217	23	second	second	ADJ
ajfa-469	217	24	period	period	NOUN
ajfa-469	217	25	.	.	PUNCT
ajfa-469	218	1	the	the	DET
ajfa-469	218	2	release	release	NOUN
ajfa-469	218	3	ending	end	VERB
ajfa-469	218	4	day	day	NOUN
ajfa-469	218	5	is	be	AUX
ajfa-469	218	6	relevant	relevant	ADJ
ajfa-469	218	7	to	to	ADP
ajfa-469	218	8	the	the	DET
ajfa-469	218	9	‘	'	PUNCT
ajfa-469	218	10	price	price	NOUN
ajfa-469	218	11	pressure	pressure	NOUN
ajfa-469	218	12	hypotheses	hypothesis	NOUN
ajfa-469	218	13	’	'	PUNCT
ajfa-469	218	14	.	.	PUNCT
ajfa-469	219	1	the	the	DET
ajfa-469	219	2	release	release	NOUN
ajfa-469	219	3	ending	end	VERB
ajfa-469	219	4	day	day	NOUN
ajfa-469	219	5	is	be	AUX
ajfa-469	219	6	ed+4	ed+4	VERB
ajfa-469	219	7	based	base	VERB
ajfa-469	219	8	on	on	ADP
ajfa-469	219	9	the	the	DET
ajfa-469	219	10	median	median	ADJ
ajfa-469	219	11	values	value	NOUN
ajfa-469	219	12	.	.	PUNCT
ajfa-469	220	1	the	the	DET
ajfa-469	220	2	abnormal	abnormal	ADJ
ajfa-469	220	3	return	return	NOUN
ajfa-469	220	4	for	for	ADP
ajfa-469	220	5	the	the	DET
ajfa-469	220	6	complete	complete	ADJ
ajfa-469	220	7	period	period	NOUN
ajfa-469	220	8	is	be	AUX
ajfa-469	220	9	-0.89	-0.89	NUM
ajfa-469	220	10	%	%	NOUN
ajfa-469	220	11	.	.	PUNCT
ajfa-469	221	1	it	it	PRON
ajfa-469	221	2	is	be	AUX
ajfa-469	221	3	-0.89	-0.89	NUM
ajfa-469	221	4	%	%	NOUN
ajfa-469	221	5	and	and	CCONJ
ajfa-469	221	6	-0.88	-0.88	NUM
ajfa-469	221	7	%	%	NOUN
ajfa-469	221	8	for	for	ADP
ajfa-469	221	9	the	the	DET
ajfa-469	221	10	first	first	ADJ
ajfa-469	221	11	and	and	CCONJ
ajfa-469	221	12	second	second	ADJ
ajfa-469	221	13	sub	sub	NOUN
ajfa-469	221	14	-	-	NOUN
ajfa-469	221	15	period	period	NOUN
ajfa-469	221	16	respectively	respectively	ADV
ajfa-469	221	17	.	.	PUNCT
ajfa-469	222	1	the	the	DET
ajfa-469	222	2	abnormal	abnormal	ADJ
ajfa-469	222	3	returns	return	NOUN
ajfa-469	222	4	are	be	AUX
ajfa-469	222	5	not	not	PART
ajfa-469	222	6	statistically	statistically	ADV
ajfa-469	222	7	significant	significant	ADJ
ajfa-469	222	8	.	.	PUNCT
ajfa-469	223	1	the	the	DET
ajfa-469	223	2	results	result	NOUN
ajfa-469	223	3	for	for	ADP
ajfa-469	223	4	the	the	DET
ajfa-469	223	5	long	long	ADJ
ajfa-469	223	6	run	run	NOUN
ajfa-469	223	7	ed	ed	NOUN
ajfa-469	223	8	window	window	NOUN
ajfa-469	223	9	suggests	suggest	VERB
ajfa-469	223	10	that	that	SCONJ
ajfa-469	223	11	the	the	DET
ajfa-469	223	12	post	post	NOUN
ajfa-469	223	13	ed	ed	NOUN
ajfa-469	223	14	returns	return	NOUN
ajfa-469	223	15	are	be	AUX
ajfa-469	223	16	increasing	increase	VERB
ajfa-469	223	17	and	and	CCONJ
ajfa-469	223	18	economically	economically	ADV
ajfa-469	223	19	significant	significant	ADJ
ajfa-469	223	20	for	for	ADP
ajfa-469	223	21	the	the	DET
ajfa-469	223	22	complete	complete	ADJ
ajfa-469	223	23	period	period	NOUN
ajfa-469	223	24	and	and	CCONJ
ajfa-469	223	25	the	the	DET
ajfa-469	223	26	second	second	ADJ
ajfa-469	223	27	sub	sub	NOUN
ajfa-469	223	28	period	period	NOUN
ajfa-469	223	29	.	.	PUNCT
ajfa-469	224	1	even	even	ADV
ajfa-469	224	2	for	for	ADP
ajfa-469	224	3	the	the	DET
ajfa-469	224	4	first	first	ADJ
ajfa-469	224	5	sub	sub	NOUN
ajfa-469	224	6	period	period	NOUN
ajfa-469	224	7	,	,	PUNCT
ajfa-469	224	8	the	the	DET
ajfa-469	224	9	post	post	NOUN
ajfa-469	224	10	ed	ed	NOUN
ajfa-469	224	11	returns	return	NOUN
ajfa-469	224	12	is	be	AUX
ajfa-469	224	13	positive	positive	ADJ
ajfa-469	224	14	though	though	ADV
ajfa-469	224	15	not	not	PART
ajfa-469	224	16	statistically	statistically	ADV
ajfa-469	224	17	significant	significant	ADJ
ajfa-469	224	18	.	.	PUNCT
ajfa-469	225	1	the	the	DET
ajfa-469	225	2	results	result	NOUN
ajfa-469	225	3	for	for	ADP
ajfa-469	225	4	the	the	DET
ajfa-469	225	5	ad	ad	NOUN
ajfa-469	225	6	window	window	NOUN
ajfa-469	225	7	and	and	CCONJ
ajfa-469	225	8	the	the	DET
ajfa-469	225	9	ed	ed	NOUN
ajfa-469	225	10	are	be	AUX
ajfa-469	225	11	similar	similar	ADJ
ajfa-469	225	12	to	to	ADP
ajfa-469	225	13	the	the	DET
ajfa-469	225	14	index	index	NOUN
ajfa-469	225	15	additions	addition	NOUN
ajfa-469	225	16	in	in	ADP
ajfa-469	225	17	the	the	DET
ajfa-469	225	18	developed	develop	VERB
ajfa-469	225	19	markets	market	NOUN
ajfa-469	225	20	.	.	PUNCT
ajfa-469	226	1	however	however	ADV
ajfa-469	226	2	the	the	DET
ajfa-469	226	3	absence	absence	NOUN
ajfa-469	226	4	of	of	ADP
ajfa-469	226	5	significant	significant	ADJ
ajfa-469	226	6	‘	'	PUNCT
ajfa-469	226	7	release	release	NOUN
ajfa-469	226	8	window	window	NOUN
ajfa-469	226	9	’	'	PUNCT
ajfa-469	226	10	car	car	NOUN
ajfa-469	226	11	and	and	CCONJ
ajfa-469	226	12	the	the	DET
ajfa-469	226	13	lack	lack	NOUN
ajfa-469	226	14	of	of	ADP
ajfa-469	226	15	significant	significant	ADJ
ajfa-469	226	16	run	run	NOUN
ajfa-469	226	17	-	-	PUNCT
ajfa-469	226	18	up	up	ADP
ajfa-469	226	19	car	car	NOUN
ajfa-469	226	20	in	in	ADP
ajfa-469	226	21	the	the	DET
ajfa-469	226	22	nifty	nifty	ADJ
ajfa-469	226	23	index	index	NOUN
ajfa-469	226	24	additions	addition	NOUN
ajfa-469	226	25	are	be	AUX
ajfa-469	226	26	not	not	PART
ajfa-469	226	27	consistent	consistent	ADJ
ajfa-469	226	28	with	with	ADP
ajfa-469	226	29	the	the	DET
ajfa-469	226	30	results	result	NOUN
ajfa-469	226	31	in	in	ADP
ajfa-469	226	32	the	the	DET
ajfa-469	226	33	developed	develop	VERB
ajfa-469	226	34	markets	market	NOUN
ajfa-469	226	35	.	.	PUNCT
ajfa-469	227	1	the	the	DET
ajfa-469	227	2	significant	significant	ADJ
ajfa-469	227	3	negative	negative	ADJ
ajfa-469	227	4	anticipation	anticipation	NOUN
ajfa-469	227	5	window	window	NOUN
ajfa-469	227	6	car	car	NOUN
ajfa-469	227	7	is	be	AUX
ajfa-469	227	8	very	very	ADV
ajfa-469	227	9	interesting	interesting	ADJ
ajfa-469	227	10	in	in	ADP
ajfa-469	227	11	the	the	DET
ajfa-469	227	12	light	light	NOUN
ajfa-469	227	13	of	of	ADP
ajfa-469	227	14	li	li	PROPN
ajfa-469	227	15	and	and	CCONJ
ajfa-469	227	16	sagedhi(2009	sagedhi(2009	NOUN
ajfa-469	227	17	)	)	PUNCT
ajfa-469	227	18	in	in	ADP
ajfa-469	227	19	the	the	DET
ajfa-469	227	20	emerging	emerge	VERB
ajfa-469	227	21	chinese	chinese	ADJ
ajfa-469	227	22	stock	stock	NOUN
ajfa-469	227	23	market	market	NOUN
ajfa-469	227	24	.	.	PUNCT
ajfa-469	228	1	they	they	PRON
ajfa-469	228	2	have	have	AUX
ajfa-469	228	3	evidenced	evidence	VERB
ajfa-469	228	4	significant	significant	ADJ
ajfa-469	228	5	negative	negative	ADJ
ajfa-469	228	6	car	car	NOUN
ajfa-469	228	7	during	during	ADP
ajfa-469	228	8	the	the	DET
ajfa-469	228	9	‘	'	PUNCT
ajfa-469	228	10	ad-120	ad-120	ADJ
ajfa-469	228	11	to	to	PART
ajfa-469	228	12	ad	ad	NOUN
ajfa-469	228	13	’	'	PUNCT
ajfa-469	228	14	period	period	NOUN
ajfa-469	228	15	in	in	ADP
ajfa-469	228	16	the	the	DET
ajfa-469	228	17	chinese	chinese	ADJ
ajfa-469	228	18	market	market	NOUN
ajfa-469	228	19	followed	follow	VERB
ajfa-469	228	20	by	by	ADP
ajfa-469	228	21	significant	significant	ADJ
ajfa-469	228	22	car	car	NOUN
ajfa-469	228	23	post	post	NOUN
ajfa-469	228	24	announcement	announcement	NOUN
ajfa-469	228	25	.	.	PUNCT
ajfa-469	229	1	they	they	PRON
ajfa-469	229	2	have	have	AUX
ajfa-469	229	3	attributed	attribute	VERB
ajfa-469	229	4	the	the	DET
ajfa-469	229	5	results	result	NOUN
ajfa-469	229	6	to	to	ADP
ajfa-469	229	7	‘	'	PUNCT
ajfa-469	229	8	informed	informed	ADJ
ajfa-469	229	9	syndicate	syndicate	NOUN
ajfa-469	229	10	’	'	PUNCT
ajfa-469	229	11	traders	trader	NOUN
ajfa-469	229	12	sending	send	VERB
ajfa-469	229	13	wrong	wrong	ADJ
ajfa-469	229	14	signal	signal	NOUN
ajfa-469	229	15	to	to	ADP
ajfa-469	229	16	uninformed	uninformed	ADJ
ajfa-469	229	17	investors	investor	NOUN
ajfa-469	229	18	to	to	PART
ajfa-469	229	19	sell	sell	VERB
ajfa-469	229	20	the	the	DET
ajfa-469	229	21	shares	share	NOUN
ajfa-469	229	22	prior	prior	ADV
ajfa-469	229	23	to	to	ADP
ajfa-469	229	24	announcement	announcement	NOUN
ajfa-469	229	25	causing	cause	VERB
ajfa-469	229	26	the	the	DET
ajfa-469	229	27	price	price	NOUN
ajfa-469	229	28	to	to	PART
ajfa-469	229	29	fall	fall	VERB
ajfa-469	229	30	.	.	PUNCT
ajfa-469	230	1	however	however	ADV
ajfa-469	230	2	,	,	PUNCT
ajfa-469	230	3	the	the	DET
ajfa-469	230	4	index	index	NOUN
ajfa-469	230	5	inclusion	inclusion	NOUN
ajfa-469	230	6	announcement	announcement	NOUN
ajfa-469	230	7	signals	signal	VERB
ajfa-469	230	8	the	the	DET
ajfa-469	230	9	uninformed	uninformed	ADJ
ajfa-469	230	10	investors	investor	NOUN
ajfa-469	230	11	to	to	PART
ajfa-469	230	12	buy	buy	VERB
ajfa-469	230	13	the	the	DET
ajfa-469	230	14	shares	share	NOUN
ajfa-469	230	15	enabling	enable	VERB
ajfa-469	230	16	the	the	DET
ajfa-469	230	17	informed	inform	VERB
ajfa-469	230	18	syndicate	syndicate	NOUN
ajfa-469	230	19	traders	trader	NOUN
ajfa-469	230	20	to	to	PART
ajfa-469	230	21	reap	reap	VERB
ajfa-469	230	22	a	a	DET
ajfa-469	230	23	huge	huge	ADJ
ajfa-469	230	24	profit	profit	NOUN
ajfa-469	230	25	.	.	PUNCT
ajfa-469	231	1	in	in	ADP
ajfa-469	231	2	order	order	NOUN
ajfa-469	231	3	to	to	PART
ajfa-469	231	4	test	test	VERB
ajfa-469	231	5	for	for	ADP
ajfa-469	231	6	the	the	DET
ajfa-469	231	7	above	above	ADJ
ajfa-469	231	8	chinese	chinese	ADJ
ajfa-469	231	9	stock	stock	NOUN
ajfa-469	231	10	market	market	NOUN
ajfa-469	231	11	phenomenon	phenomenon	NOUN
ajfa-469	231	12	in	in	ADP
ajfa-469	231	13	the	the	DET
ajfa-469	231	14	indian	indian	ADJ
ajfa-469	231	15	stock	stock	NOUN
ajfa-469	231	16	market	market	NOUN
ajfa-469	231	17	,	,	PUNCT
ajfa-469	231	18	‘	'	PUNCT
ajfa-469	231	19	ad-70	ad-70	X
ajfa-469	231	20	–	–	PUNCT
ajfa-469	231	21	ad-10	ad-10	DET
ajfa-469	231	22	’	'	PUNCT
ajfa-469	231	23	car	car	NOUN
ajfa-469	231	24	for	for	ADP
ajfa-469	231	25	all	all	DET
ajfa-469	231	26	the	the	DET
ajfa-469	231	27	38	38	NUM
ajfa-469	231	28	nifty	nifty	ADJ
ajfa-469	231	29	additions	addition	NOUN
ajfa-469	231	30	were	be	AUX
ajfa-469	231	31	studied	study	VERB
ajfa-469	231	32	.	.	PUNCT
ajfa-469	232	1	the	the	DET
ajfa-469	232	2	nifty	nifty	ADJ
ajfa-469	232	3	index	index	NOUN
ajfa-469	232	4	additions	addition	NOUN
ajfa-469	232	5	witnessed	witness	VERB
ajfa-469	232	6	significant	significant	ADJ
ajfa-469	232	7	negative	negative	ADJ
ajfa-469	232	8	car	car	NOUN
ajfa-469	232	9	of	of	ADP
ajfa-469	232	10	-4.32	-4.32	NUM
ajfa-469	232	11	%	%	NOUN
ajfa-469	232	12	during	during	ADP
ajfa-469	232	13	the	the	DET
ajfa-469	232	14	‘	'	PUNCT
ajfa-469	232	15	ad-70	ad-70	X
ajfa-469	232	16	–	–	PUNCT
ajfa-469	232	17	ad-10	ad-10	DET
ajfa-469	232	18	’	'	PUNCT
ajfa-469	232	19	period	period	NOUN
ajfa-469	232	20	followed	follow	VERB
ajfa-469	232	21	by	by	ADP
ajfa-469	232	22	significant	significant	ADJ
ajfa-469	232	23	post	post	NOUN
ajfa-469	232	24	announcement	announcement	NOUN
ajfa-469	232	25	cars	car	NOUN
ajfa-469	232	26	in	in	ADP
ajfa-469	232	27	all	all	DET
ajfa-469	232	28	the	the	DET
ajfa-469	232	29	tested	test	VERB
ajfa-469	232	30	periods	period	NOUN
ajfa-469	232	31	(	(	PUNCT
ajfa-469	232	32	table	table	NOUN
ajfa-469	232	33	2	2	NUM
ajfa-469	232	34	)	)	PUNCT
ajfa-469	232	35	.	.	PUNCT
ajfa-469	233	1	on	on	ADP
ajfa-469	233	2	further	further	ADJ
ajfa-469	233	3	examination	examination	NOUN
ajfa-469	233	4	it	it	PRON
ajfa-469	233	5	is	be	AUX
ajfa-469	233	6	seen	see	VERB
ajfa-469	233	7	that	that	SCONJ
ajfa-469	233	8	the	the	DET
ajfa-469	233	9	‘	'	PUNCT
ajfa-469	233	10	ad-70	ad-70	X
ajfa-469	233	11	–	–	PUNCT
ajfa-469	233	12	ad-10	ad-10	PRON
ajfa-469	233	13	’	'	PUNCT
ajfa-469	233	14	car	car	NOUN
ajfa-469	233	15	rises	rise	VERB
ajfa-469	233	16	to	to	ADP
ajfa-469	233	17	-1.09	-1.09	NUM
ajfa-469	233	18	%	%	NOUN
ajfa-469	233	19	,	,	PUNCT
ajfa-469	233	20	which	which	PRON
ajfa-469	233	21	is	be	AUX
ajfa-469	233	22	not	not	PART
ajfa-469	233	23	significant	significant	ADJ
ajfa-469	233	24	at	at	ADP
ajfa-469	233	25	any	any	DET
ajfa-469	233	26	level	level	NOUN
ajfa-469	233	27	of	of	ADP
ajfa-469	233	28	significance	significance	NOUN
ajfa-469	233	29	,	,	PUNCT
ajfa-469	233	30	if	if	SCONJ
ajfa-469	233	31	one	one	PRON
ajfa-469	233	32	excludes	exclude	VERB
ajfa-469	233	33	the	the	DET
ajfa-469	233	34	nifty	nifty	ADJ
ajfa-469	233	35	additions	addition	NOUN
ajfa-469	233	36	(	(	PUNCT
ajfa-469	233	37	numbering	number	VERB
ajfa-469	233	38	4	4	NUM
ajfa-469	233	39	)	)	PUNCT
ajfa-469	233	40	during	during	ADP
ajfa-469	233	41	the	the	DET
ajfa-469	233	42	recession	recession	NOUN
ajfa-469	233	43	year	year	NOUN
ajfa-469	233	44	200810	200810	NUM
ajfa-469	233	45	.	.	PUNCT
ajfa-469	234	1	hence	hence	ADV
ajfa-469	234	2	it	it	PRON
ajfa-469	234	3	seems	seem	VERB
ajfa-469	234	4	that	that	SCONJ
ajfa-469	234	5	li	li	PROPN
ajfa-469	234	6	and	and	CCONJ
ajfa-469	234	7	sagedhi	sagedhi	PROPN
ajfa-469	234	8	(	(	PUNCT
ajfa-469	234	9	2009	2009	NUM
ajfa-469	234	10	)	)	PUNCT
ajfa-469	234	11	assertion	assertion	NOUN
ajfa-469	234	12	in	in	ADP
ajfa-469	234	13	the	the	DET
ajfa-469	234	14	chinese	chinese	ADJ
ajfa-469	234	15	markets	market	NOUN
ajfa-469	234	16	is	be	AUX
ajfa-469	234	17	not	not	PART
ajfa-469	234	18	supported	support	VERB
ajfa-469	234	19	in	in	ADP
ajfa-469	234	20	the	the	DET
ajfa-469	234	21	indian	indian	ADJ
ajfa-469	234	22	stock	stock	NOUN
ajfa-469	234	23	market	market	NOUN
ajfa-469	234	24	.	.	PUNCT
ajfa-469	235	1	4.3	4.3	NUM
ajfa-469	235	2	abnormal	abnormal	ADJ
ajfa-469	235	3	volume	volume	NOUN
ajfa-469	235	4	the	the	DET
ajfa-469	235	5	results	result	NOUN
ajfa-469	235	6	in	in	ADP
ajfa-469	235	7	table	table	NOUN
ajfa-469	235	8	4	4	NUM
ajfa-469	235	9	suggest	suggest	VERB
ajfa-469	235	10	that	that	SCONJ
ajfa-469	235	11	even	even	ADV
ajfa-469	235	12	though	though	SCONJ
ajfa-469	235	13	the	the	DET
ajfa-469	235	14	mean	mean	ADJ
ajfa-469	235	15	vr	vr	NOUN
ajfa-469	235	16	for	for	ADP
ajfa-469	235	17	the	the	DET
ajfa-469	235	18	various	various	ADJ
ajfa-469	235	19	event	event	NOUN
ajfa-469	235	20	windows	window	NOUN
ajfa-469	235	21	are	be	AUX
ajfa-469	235	22	significant	significant	ADJ
ajfa-469	235	23	,	,	PUNCT
ajfa-469	235	24	the	the	DET
ajfa-469	235	25	median	median	ADJ
ajfa-469	235	26	values	value	NOUN
ajfa-469	235	27	and	and	CCONJ
ajfa-469	235	28	the	the	DET
ajfa-469	235	29	percentage	percentage	NOUN
ajfa-469	235	30	of	of	ADP
ajfa-469	235	31	stocks	stock	NOUN
ajfa-469	235	32	with	with	ADP
ajfa-469	235	33	vr>1	vr>1	NOUN
ajfa-469	235	34	in	in	ADP
ajfa-469	235	35	each	each	DET
ajfa-469	235	36	event	event	NOUN
ajfa-469	235	37	10	10	NUM
ajfa-469	235	38	the	the	DET
ajfa-469	235	39	entire	entire	ADJ
ajfa-469	235	40	post	post	NOUN
ajfa-469	235	41	addition	addition	NOUN
ajfa-469	235	42	window	window	NOUN
ajfa-469	235	43	cars	car	NOUN
ajfa-469	235	44	also	also	ADV
ajfa-469	235	45	increased	increase	VERB
ajfa-469	235	46	when	when	SCONJ
ajfa-469	235	47	the	the	DET
ajfa-469	235	48	recession	recession	NOUN
ajfa-469	235	49	year	year	NOUN
ajfa-469	235	50	2008	2008	NUM
ajfa-469	235	51	nifty	nifty	ADJ
ajfa-469	235	52	additions	addition	NOUN
ajfa-469	235	53	were	be	AUX
ajfa-469	235	54	excluded	exclude	VERB
ajfa-469	235	55	from	from	ADP
ajfa-469	235	56	the	the	DET
ajfa-469	235	57	sample	sample	NOUN
ajfa-469	235	58	.	.	PUNCT
ajfa-469	236	1	all	all	DET
ajfa-469	236	2	the	the	DET
ajfa-469	236	3	other	other	ADJ
ajfa-469	236	4	conclusions	conclusion	NOUN
ajfa-469	236	5	in	in	ADP
ajfa-469	236	6	this	this	DET
ajfa-469	236	7	study	study	NOUN
ajfa-469	236	8	were	be	AUX
ajfa-469	236	9	similar	similar	ADJ
ajfa-469	236	10	to	to	ADP
ajfa-469	236	11	the	the	DET
ajfa-469	236	12	full	full	ADJ
ajfa-469	236	13	sample	sample	NOUN
ajfa-469	236	14	results	result	NOUN
ajfa-469	236	15	.	.	PUNCT
ajfa-469	237	1	for	for	ADP
ajfa-469	237	2	example	example	NOUN
ajfa-469	237	3	,	,	PUNCT
ajfa-469	237	4	ad+1	ad+1	PROPN
ajfa-469	237	5	–	–	PUNCT
ajfa-469	237	6	ad+70	ad+70	NOUN
ajfa-469	237	7	car	car	NOUN
ajfa-469	237	8	for	for	ADP
ajfa-469	237	9	the	the	DET
ajfa-469	237	10	second	second	ADJ
ajfa-469	237	11	period	period	NOUN
ajfa-469	237	12	rose	rise	VERB
ajfa-469	237	13	from	from	ADP
ajfa-469	237	14	7.55	7.55	NUM
ajfa-469	237	15	%	%	NOUN
ajfa-469	237	16	to	to	ADP
ajfa-469	237	17	a	a	DET
ajfa-469	237	18	whopping	whopping	ADJ
ajfa-469	237	19	14.1	14.1	NUM
ajfa-469	237	20	%	%	NOUN
ajfa-469	237	21	.	.	PUNCT
ajfa-469	238	1	asian	asian	ADJ
ajfa-469	238	2	journal	journal	PROPN
ajfa-469	238	3	of	of	ADP
ajfa-469	238	4	finance	finance	PROPN
ajfa-469	238	5	&	&	CCONJ
ajfa-469	238	6	accounting	accounting	PROPN
ajfa-469	238	7	issn	issn	PROPN
ajfa-469	238	8	1946	1946	NUM
ajfa-469	238	9	-	-	PUNCT
ajfa-469	238	10	052x	052x	NOUN
ajfa-469	238	11	2010	2010	NUM
ajfa-469	238	12	,	,	PUNCT
ajfa-469	238	13	vol	vol	NOUN
ajfa-469	238	14	.	.	PROPN
ajfa-469	238	15	2	2	NUM
ajfa-469	238	16	,	,	PUNCT
ajfa-469	238	17	no	no	INTJ
ajfa-469	238	18	.	.	NOUN
ajfa-469	238	19	2	2	NUM
ajfa-469	238	20	:	:	PUNCT
ajfa-469	238	21	e4	e4	PROPN
ajfa-469	238	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	238	23	68	68	NUM
ajfa-469	238	24	window	window	NOUN
ajfa-469	238	25	suggests	suggest	VERB
ajfa-469	238	26	that	that	SCONJ
ajfa-469	238	27	the	the	DET
ajfa-469	238	28	outliers	outlier	NOUN
ajfa-469	238	29	in	in	ADP
ajfa-469	238	30	the	the	DET
ajfa-469	238	31	higher	high	ADJ
ajfa-469	238	32	side	side	NOUN
ajfa-469	238	33	have	have	AUX
ajfa-469	238	34	skewed	skew	VERB
ajfa-469	238	35	the	the	DET
ajfa-469	238	36	results	result	NOUN
ajfa-469	238	37	.	.	PUNCT
ajfa-469	239	1	in	in	ADP
ajfa-469	239	2	fact	fact	NOUN
ajfa-469	239	3	except	except	SCONJ
ajfa-469	239	4	for	for	ADP
ajfa-469	239	5	the	the	DET
ajfa-469	239	6	ad	ad	NOUN
ajfa-469	239	7	window	window	NOUN
ajfa-469	239	8	and	and	CCONJ
ajfa-469	239	9	ed	ed	NOUN
ajfa-469	239	10	,	,	PUNCT
ajfa-469	239	11	the	the	DET
ajfa-469	239	12	percentage	percentage	NOUN
ajfa-469	239	13	of	of	ADP
ajfa-469	239	14	stocks	stock	NOUN
ajfa-469	239	15	with	with	ADP
ajfa-469	239	16	vr>1	vr>1	NOUN
ajfa-469	239	17	is	be	AUX
ajfa-469	239	18	not	not	PART
ajfa-469	239	19	greater	great	ADJ
ajfa-469	239	20	than	than	ADP
ajfa-469	239	21	50	50	NUM
ajfa-469	239	22	%	%	NOUN
ajfa-469	239	23	for	for	ADP
ajfa-469	239	24	any	any	DET
ajfa-469	239	25	other	other	ADJ
ajfa-469	239	26	event	event	NOUN
ajfa-469	239	27	window	window	NOUN
ajfa-469	239	28	.	.	PUNCT
ajfa-469	240	1	to	to	PART
ajfa-469	240	2	overcome	overcome	VERB
ajfa-469	240	3	this	this	PRON
ajfa-469	240	4	,	,	PUNCT
ajfa-469	240	5	a	a	DET
ajfa-469	240	6	control	control	NOUN
ajfa-469	240	7	mean	mean	VERB
ajfa-469	240	8	is	be	AUX
ajfa-469	240	9	calculated	calculate	VERB
ajfa-469	240	10	by	by	ADP
ajfa-469	240	11	removing	remove	VERB
ajfa-469	240	12	the	the	DET
ajfa-469	240	13	top	top	ADJ
ajfa-469	240	14	3	3	NUM
ajfa-469	240	15	outlier	outlier	NOUN
ajfa-469	240	16	on	on	ADP
ajfa-469	240	17	the	the	DET
ajfa-469	240	18	higher	high	ADJ
ajfa-469	240	19	side	side	NOUN
ajfa-469	240	20	in	in	ADP
ajfa-469	240	21	each	each	DET
ajfa-469	240	22	event	event	NOUN
ajfa-469	240	23	window	window	NOUN
ajfa-469	240	24	.	.	PUNCT
ajfa-469	241	1	it	it	PRON
ajfa-469	241	2	is	be	AUX
ajfa-469	241	3	seen	see	VERB
ajfa-469	241	4	that	that	SCONJ
ajfa-469	241	5	the	the	DET
ajfa-469	241	6	vr	vr	PROPN
ajfa-469	241	7	is	be	AUX
ajfa-469	241	8	significantly	significantly	ADV
ajfa-469	241	9	greater	great	ADJ
ajfa-469	241	10	than	than	ADP
ajfa-469	241	11	‘	'	PUNCT
ajfa-469	241	12	1	1	NUM
ajfa-469	241	13	’	'	PUNCT
ajfa-469	241	14	only	only	ADV
ajfa-469	241	15	for	for	ADP
ajfa-469	241	16	the	the	DET
ajfa-469	241	17	ad	ad	NOUN
ajfa-469	241	18	window	window	NOUN
ajfa-469	241	19	and	and	CCONJ
ajfa-469	241	20	the	the	DET
ajfa-469	241	21	ed	ed	NOUN
ajfa-469	241	22	window	window	NOUN
ajfa-469	241	23	for	for	ADP
ajfa-469	241	24	the	the	DET
ajfa-469	241	25	control	control	NOUN
ajfa-469	241	26	mean	mean	VERB
ajfa-469	241	27	.	.	PUNCT
ajfa-469	242	1	table	table	NOUN
ajfa-469	242	2	4	4	NUM
ajfa-469	242	3	.	.	X
ajfa-469	242	4	abnormal	abnormal	ADJ
ajfa-469	242	5	volume	volume	NOUN
ajfa-469	242	6	(	(	PUNCT
ajfa-469	242	7	vr	vr	NOUN
ajfa-469	242	8	)	)	PUNCT
ajfa-469	242	9	around	around	ADP
ajfa-469	242	10	ad	ad	NOUN
ajfa-469	242	11	and	and	CCONJ
ajfa-469	242	12	ed	ed	NOUN
ajfa-469	242	13	for	for	ADP
ajfa-469	242	14	1999	1999	NUM
ajfa-469	242	15	-	-	SYM
ajfa-469	242	16	2010	2010	NUM
ajfa-469	242	17	period	period	NOUN
ajfa-469	242	18	event	event	NOUN
ajfa-469	242	19	window	window	NOUN
ajfa-469	242	20	mean	mean	NOUN
ajfa-469	242	21	control	control	NOUN
ajfa-469	242	22	mean	mean	VERB
ajfa-469	242	23	%	%	NOUN
ajfa-469	242	24	of	of	ADP
ajfa-469	242	25	stocks	stock	NOUN
ajfa-469	242	26	where	where	SCONJ
ajfa-469	242	27	vr	vr	PROPN
ajfa-469	242	28	>	>	NOUN
ajfa-469	242	29	1	1	NUM
ajfa-469	242	30	median	median	NOUN
ajfa-469	242	31	ad-10	ad-10	PRON
ajfa-469	242	32	to	to	ADP
ajfa-469	242	33	ad	ad	NOUN
ajfa-469	242	34	1.12	1.12	NUM
ajfa-469	242	35	0.97	0.97	NUM
ajfa-469	242	36	42.11	42.11	NUM
ajfa-469	242	37	%	%	NOUN
ajfa-469	242	38	0.83	0.83	NUM
ajfa-469	242	39	ad	ad	NOUN
ajfa-469	242	40	window	window	NOUN
ajfa-469	242	41	1.47	1.47	NUM
ajfa-469	242	42	*	*	PUNCT
ajfa-469	242	43	*	*	PUNCT
ajfa-469	242	44	*	*	PUNCT
ajfa-469	242	45	1.25	1.25	NUM
ajfa-469	242	46	*	*	PUNCT
ajfa-469	242	47	*	*	PUNCT
ajfa-469	242	48	57.89	57.89	NUM
ajfa-469	242	49	%	%	NOUN
ajfa-469	242	50	1.14	1.14	NUM
ajfa-469	242	51	ad+3	ad+3	NOUN
ajfa-469	242	52	to	to	PART
ajfa-469	242	53	ad+10	ad+10	VERB
ajfa-469	242	54	1.14	1.14	NUM
ajfa-469	242	55	0.95	0.95	NUM
ajfa-469	242	56	47.37	47.37	NUM
ajfa-469	242	57	%	%	NOUN
ajfa-469	242	58	0.81	0.81	NUM
ajfa-469	242	59	ad+11	ad+11	VERB
ajfa-469	242	60	to	to	ADP
ajfa-469	242	61	ad+20	ad+20	PROPN
ajfa-469	242	62	1.09	1.09	NUM
ajfa-469	242	63	0.93	0.93	NUM
ajfa-469	242	64	44.74	44.74	NUM
ajfa-469	242	65	%	%	NOUN
ajfa-469	242	66	0.89	0.89	NUM
ajfa-469	242	67	ad+21	ad+21	PROPN
ajfa-469	242	68	to	to	ADP
ajfa-469	242	69	ad+30	ad+30	PROPN
ajfa-469	242	70	1.42	1.42	NUM
ajfa-469	242	71	*	*	NUM
ajfa-469	242	72	1.10	1.10	NUM
ajfa-469	242	73	50.00	50.00	NUM
ajfa-469	242	74	%	%	NOUN
ajfa-469	242	75	1.02	1.02	NUM
ajfa-469	242	76	ed	ed	NOUN
ajfa-469	242	77	2.16	2.16	NUM
ajfa-469	242	78	*	*	PUNCT
ajfa-469	242	79	*	*	PUNCT
ajfa-469	242	80	*	*	PUNCT
ajfa-469	242	81	1.72	1.72	NUM
ajfa-469	242	82	*	*	PUNCT
ajfa-469	242	83	*	*	PUNCT
ajfa-469	242	84	*	*	PUNCT
ajfa-469	242	85	78.95	78.95	NUM
ajfa-469	242	86	%	%	NOUN
ajfa-469	242	87	1.53	1.53	NUM
ajfa-469	242	88	ad+31	ad+31	PUNCT
ajfa-469	242	89	to	to	PART
ajfa-469	242	90	ad+40	ad+40	VERB
ajfa-469	242	91	1.38	1.38	NUM
ajfa-469	242	92	*	*	PUNCT
ajfa-469	242	93	*	*	PUNCT
ajfa-469	243	1	1.16	1.16	NUM
ajfa-469	243	2	44.74	44.74	NUM
ajfa-469	243	3	%	%	NOUN
ajfa-469	243	4	0.94	0.94	NUM
ajfa-469	243	5	ad+41	ad+41	VERB
ajfa-469	243	6	to	to	ADP
ajfa-469	243	7	ad+50	ad+50	ADJ
ajfa-469	243	8	1.54	1.54	NUM
ajfa-469	243	9	*	*	SYM
ajfa-469	243	10	1.09	1.09	NUM
ajfa-469	243	11	44.74	44.74	NUM
ajfa-469	243	12	%	%	NOUN
ajfa-469	243	13	0.89	0.89	NUM
ajfa-469	243	14	ad+51	ad+51	NOUN
ajfa-469	243	15	to	to	ADP
ajfa-469	243	16	ad+60	ad+60	ADP
ajfa-469	243	17	1.63	1.63	NUM
ajfa-469	243	18	*	*	NUM
ajfa-469	243	19	1.11	1.11	NUM
ajfa-469	243	20	47.37	47.37	NUM
ajfa-469	243	21	%	%	NOUN
ajfa-469	243	22	0.99	0.99	NUM
ajfa-469	243	23	ad+61	ad+61	NOUN
ajfa-469	243	24	to	to	ADP
ajfa-469	243	25	ad+70	ad+70	NOUN
ajfa-469	243	26	1.94	1.94	NUM
ajfa-469	243	27	*	*	NUM
ajfa-469	243	28	1.14	1.14	NUM
ajfa-469	243	29	47.37	47.37	NUM
ajfa-469	243	30	%	%	NOUN
ajfa-469	243	31	0.97	0.97	NUM
ajfa-469	243	32	ad+71	ad+71	NOUN
ajfa-469	243	33	to	to	ADP
ajfa-469	243	34	ad+80	ad+80	PROPN
ajfa-469	244	1	1.56	1.56	NUM
ajfa-469	244	2	*	*	NUM
ajfa-469	244	3	1.04	1.04	NUM
ajfa-469	244	4	36.84	36.84	NUM
ajfa-469	244	5	%	%	NOUN
ajfa-469	244	6	0.81	0.81	NUM
ajfa-469	244	7	volume	volume	NOUN
ajfa-469	244	8	ratio	ratio	NOUN
ajfa-469	244	9	vr	vr	NOUN
ajfa-469	244	10	=	=	PUNCT
ajfa-469	244	11	(	(	PUNCT
ajfa-469	244	12	vit	vit	NOUN
ajfa-469	244	13	/vmt	/vmt	PUNCT
ajfa-469	244	14	)	)	PUNCT
ajfa-469	244	15	÷	÷	PUNCT
ajfa-469	244	16	(	(	PUNCT
ajfa-469	244	17	vi	vi	PROPN
ajfa-469	244	18	/	/	SYM
ajfa-469	244	19	vm	vm	NOUN
ajfa-469	244	20	)	)	PUNCT
ajfa-469	244	21	,	,	PUNCT
ajfa-469	244	22	where	where	SCONJ
ajfa-469	244	23	vit	vit	NOUN
ajfa-469	244	24	and	and	CCONJ
ajfa-469	244	25	vmt	vmt	PROPN
ajfa-469	244	26	are	be	AUX
ajfa-469	244	27	the	the	DET
ajfa-469	244	28	trading	trading	NOUN
ajfa-469	244	29	volumes	volume	NOUN
ajfa-469	244	30	of	of	ADP
ajfa-469	244	31	security	security	NOUN
ajfa-469	244	32	i	i	PRON
ajfa-469	244	33	and	and	CCONJ
ajfa-469	244	34	the	the	DET
ajfa-469	244	35	total	total	ADJ
ajfa-469	244	36	nse	nse	NOUN
ajfa-469	244	37	respectively	respectively	ADV
ajfa-469	244	38	,	,	PUNCT
ajfa-469	244	39	and	and	CCONJ
ajfa-469	244	40	vi	vi	PROPN
ajfa-469	244	41	and	and	CCONJ
ajfa-469	244	42	vm	vm	PROPN
ajfa-469	244	43	are	be	AUX
ajfa-469	244	44	the	the	DET
ajfa-469	244	45	average	average	ADJ
ajfa-469	244	46	trading	trading	NOUN
ajfa-469	244	47	volumes	volume	NOUN
ajfa-469	244	48	of	of	ADP
ajfa-469	244	49	the	the	DET
ajfa-469	244	50	security	security	NOUN
ajfa-469	244	51	i	i	PRON
ajfa-469	244	52	and	and	CCONJ
ajfa-469	244	53	total	total	ADJ
ajfa-469	244	54	nse	nse	NOUN
ajfa-469	244	55	for	for	ADP
ajfa-469	244	56	the	the	DET
ajfa-469	244	57	period	period	NOUN
ajfa-469	244	58	ad-70	ad-70	NOUN
ajfa-469	244	59	through	through	ADP
ajfa-469	244	60	ad-10	ad-10	PRON
ajfa-469	244	61	.	.	PUNCT
ajfa-469	245	1	the	the	DET
ajfa-469	245	2	daily	daily	ADJ
ajfa-469	245	3	vr	vr	PROPN
ajfa-469	245	4	is	be	AUX
ajfa-469	245	5	averaged	average	VERB
ajfa-469	245	6	across	across	ADP
ajfa-469	245	7	the	the	DET
ajfa-469	245	8	various	various	ADJ
ajfa-469	245	9	event	event	NOUN
ajfa-469	245	10	windows	window	NOUN
ajfa-469	245	11	.	.	PUNCT
ajfa-469	246	1	the	the	DET
ajfa-469	246	2	volume	volume	NOUN
ajfa-469	246	3	ratio11	ratio11	NOUN
ajfa-469	246	4	should	should	AUX
ajfa-469	246	5	have	have	VERB
ajfa-469	246	6	a	a	DET
ajfa-469	246	7	value	value	NOUN
ajfa-469	246	8	of	of	ADP
ajfa-469	246	9	‘	'	PUNCT
ajfa-469	246	10	one	one	NUM
ajfa-469	246	11	’	'	PUNCT
ajfa-469	246	12	under	under	ADP
ajfa-469	246	13	null	null	ADJ
ajfa-469	246	14	hypothesis	hypothesis	NOUN
ajfa-469	246	15	.	.	PUNCT
ajfa-469	247	1	if	if	SCONJ
ajfa-469	247	2	in	in	ADP
ajfa-469	247	3	any	any	DET
ajfa-469	247	4	event	event	NOUN
ajfa-469	247	5	window	window	NOUN
ajfa-469	247	6	vr	vr	PROPN
ajfa-469	247	7	is	be	AUX
ajfa-469	247	8	significantly	significantly	ADV
ajfa-469	247	9	greater	great	ADJ
ajfa-469	247	10	than	than	ADP
ajfa-469	247	11	one	one	NUM
ajfa-469	247	12	then	then	ADV
ajfa-469	247	13	volume	volume	NOUN
ajfa-469	247	14	is	be	AUX
ajfa-469	247	15	said	say	VERB
ajfa-469	247	16	to	to	PART
ajfa-469	247	17	be	be	AUX
ajfa-469	247	18	abnormal	abnormal	ADJ
ajfa-469	247	19	for	for	ADP
ajfa-469	247	20	that	that	DET
ajfa-469	247	21	event	event	NOUN
ajfa-469	247	22	window	window	NOUN
ajfa-469	247	23	.	.	PUNCT
ajfa-469	248	1	control	control	NOUN
ajfa-469	248	2	mean	mean	PROPN
ajfa-469	248	3	is	be	AUX
ajfa-469	248	4	calculated	calculate	VERB
ajfa-469	248	5	after	after	ADP
ajfa-469	248	6	removing	remove	VERB
ajfa-469	248	7	the	the	DET
ajfa-469	248	8	top	top	ADJ
ajfa-469	248	9	3	3	NUM
ajfa-469	248	10	outliers	outlier	NOUN
ajfa-469	248	11	on	on	ADP
ajfa-469	248	12	the	the	DET
ajfa-469	248	13	higher	high	ADJ
ajfa-469	248	14	side	side	NOUN
ajfa-469	248	15	as	as	ADP
ajfa-469	248	16	number	number	NOUN
ajfa-469	248	17	of	of	ADP
ajfa-469	248	18	stocks	stock	NOUN
ajfa-469	248	19	with	with	ADP
ajfa-469	248	20	'	'	PUNCT
ajfa-469	248	21	vr	vr	NOUN
ajfa-469	248	22	greater	great	ADJ
ajfa-469	248	23	than	than	ADP
ajfa-469	248	24	1	1	NUM
ajfa-469	248	25	'	'	PUNCT
ajfa-469	248	26	is	be	AUX
ajfa-469	248	27	less	less	ADJ
ajfa-469	248	28	than	than	ADP
ajfa-469	248	29	50	50	NUM
ajfa-469	248	30	%	%	NOUN
ajfa-469	248	31	and	and	CCONJ
ajfa-469	248	32	the	the	DET
ajfa-469	248	33	median	median	NOUN
ajfa-469	248	34	is	be	AUX
ajfa-469	248	35	consistently	consistently	ADV
ajfa-469	248	36	less	less	ADJ
ajfa-469	248	37	than	than	ADP
ajfa-469	248	38	'	'	NUM
ajfa-469	248	39	1	1	NUM
ajfa-469	248	40	'	'	NUM
ajfa-469	248	41	.	.	PUNCT
ajfa-469	249	1	*	*	PUNCT
ajfa-469	249	2	*	*	PUNCT
ajfa-469	249	3	*	*	NOUN
ajfa-469	249	4	.	.	PUNCT
ajfa-469	250	1	*	*	PUNCT
ajfa-469	250	2	*	*	NOUN
ajfa-469	250	3	.	.	PUNCT
ajfa-469	251	1	*	*	PUNCT
ajfa-469	251	2	denote	denote	NOUN
ajfa-469	251	3	significance	significance	NOUN
ajfa-469	251	4	at	at	ADP
ajfa-469	251	5	1	1	NUM
ajfa-469	251	6	%	%	NOUN
ajfa-469	251	7	,	,	PUNCT
ajfa-469	251	8	5	5	NUM
ajfa-469	251	9	%	%	NOUN
ajfa-469	251	10	,	,	PUNCT
ajfa-469	251	11	10	10	NUM
ajfa-469	251	12	%	%	NOUN
ajfa-469	251	13	level	level	NOUN
ajfa-469	251	14	respectively	respectively	ADV
ajfa-469	251	15	(	(	PUNCT
ajfa-469	251	16	one	one	NUM
ajfa-469	251	17	tailed	tail	VERB
ajfa-469	251	18	t	t	NOUN
ajfa-469	251	19	-	-	PUNCT
ajfa-469	251	20	test	test	NOUN
ajfa-469	251	21	that	that	PRON
ajfa-469	251	22	vr	vr	PROPN
ajfa-469	251	23	is	be	AUX
ajfa-469	251	24	significantly	significantly	ADV
ajfa-469	251	25	greater	great	ADJ
ajfa-469	251	26	than	than	ADP
ajfa-469	251	27	one.)the	one.)the	DET
ajfa-469	251	28	pictorial	pictorial	ADJ
ajfa-469	251	29	representation	representation	NOUN
ajfa-469	251	30	of	of	ADP
ajfa-469	251	31	this	this	DET
ajfa-469	251	32	table	table	NOUN
ajfa-469	251	33	is	be	AUX
ajfa-469	251	34	given	give	VERB
ajfa-469	251	35	in	in	ADP
ajfa-469	251	36	appendix	appendix	ADJ
ajfa-469	251	37	4	4	NUM
ajfa-469	251	38	.	.	PUNCT
ajfa-469	252	1	the	the	DET
ajfa-469	252	2	results	result	NOUN
ajfa-469	252	3	evidence	evidence	NOUN
ajfa-469	252	4	,	,	PUNCT
ajfa-469	252	5	unlike	unlike	ADP
ajfa-469	252	6	the	the	DET
ajfa-469	252	7	developed	develop	VERB
ajfa-469	252	8	markets	market	NOUN
ajfa-469	252	9	,	,	PUNCT
ajfa-469	252	10	only	only	ADV
ajfa-469	252	11	a	a	DET
ajfa-469	252	12	very	very	ADV
ajfa-469	252	13	small	small	ADJ
ajfa-469	252	14	permanent	permanent	ADJ
ajfa-469	252	15	increase	increase	NOUN
ajfa-469	252	16	in	in	ADP
ajfa-469	252	17	the	the	DET
ajfa-469	252	18	volume	volume	NOUN
ajfa-469	252	19	following	follow	VERB
ajfa-469	252	20	index	index	NOUN
ajfa-469	252	21	announcement	announcement	NOUN
ajfa-469	252	22	and	and	CCONJ
ajfa-469	252	23	inclusion	inclusion	NOUN
ajfa-469	252	24	.	.	PUNCT
ajfa-469	253	1	the	the	DET
ajfa-469	253	2	highly	highly	ADV
ajfa-469	253	3	significant	significant	ADJ
ajfa-469	253	4	volume	volume	NOUN
ajfa-469	253	5	increase	increase	NOUN
ajfa-469	253	6	on	on	ADP
ajfa-469	253	7	ad	ad	NOUN
ajfa-469	253	8	and	and	CCONJ
ajfa-469	253	9	on	on	ADP
ajfa-469	253	10	ed	ed	NOUN
ajfa-469	253	11	is	be	AUX
ajfa-469	253	12	similar	similar	ADJ
ajfa-469	253	13	to	to	ADP
ajfa-469	253	14	the	the	DET
ajfa-469	253	15	volume	volume	NOUN
ajfa-469	253	16	effect	effect	NOUN
ajfa-469	253	17	in	in	ADP
ajfa-469	253	18	the	the	DET
ajfa-469	253	19	developed	develop	VERB
ajfa-469	253	20	markets	market	NOUN
ajfa-469	253	21	.	.	PUNCT
ajfa-469	254	1	also	also	ADV
ajfa-469	254	2	a	a	DET
ajfa-469	254	3	higher	high	ADJ
ajfa-469	254	4	volume	volume	NOUN
ajfa-469	254	5	in	in	ADP
ajfa-469	254	6	ed	ed	NOUN
ajfa-469	254	7	compared	compare	VERB
ajfa-469	254	8	to	to	ADP
ajfa-469	254	9	ad	ad	NOUN
ajfa-469	254	10	suggest	suggest	VERB
ajfa-469	254	11	the	the	DET
ajfa-469	254	12	actions	action	NOUN
ajfa-469	254	13	of	of	ADP
ajfa-469	254	14	the	the	DET
ajfa-469	254	15	index	index	NOUN
ajfa-469	254	16	funds	fund	NOUN
ajfa-469	254	17	around	around	ADP
ajfa-469	254	18	ed	ed	NOUN
ajfa-469	254	19	.	.	PUNCT
ajfa-469	255	1	(	(	PUNCT
ajfa-469	255	2	the	the	DET
ajfa-469	255	3	results	result	NOUN
ajfa-469	255	4	for	for	ADP
ajfa-469	255	5	the	the	DET
ajfa-469	255	6	sub	sub	NOUN
ajfa-469	255	7	-	-	ADJ
ajfa-469	255	8	periods	period	NOUN
ajfa-469	255	9	is	be	AUX
ajfa-469	255	10	not	not	PART
ajfa-469	255	11	shown	show	VERB
ajfa-469	255	12	for	for	ADP
ajfa-469	255	13	brevity	brevity	NOUN
ajfa-469	255	14	and	and	CCONJ
ajfa-469	255	15	can	can	AUX
ajfa-469	255	16	be	be	AUX
ajfa-469	255	17	had	have	VERB
ajfa-469	255	18	on	on	ADP
ajfa-469	255	19	request	request	NOUN
ajfa-469	255	20	)	)	PUNCT
ajfa-469	255	21	.	.	PUNCT
ajfa-469	256	1	also	also	ADV
ajfa-469	256	2	the	the	DET
ajfa-469	256	3	ed	ed	PROPN
ajfa-469	256	4	11	11	NUM
ajfa-469	256	5	volume	volume	NOUN
ajfa-469	256	6	in	in	ADP
ajfa-469	256	7	this	this	DET
ajfa-469	256	8	study	study	NOUN
ajfa-469	256	9	is	be	AUX
ajfa-469	256	10	the	the	DET
ajfa-469	256	11	number	number	NOUN
ajfa-469	256	12	of	of	ADP
ajfa-469	256	13	shares	share	NOUN
ajfa-469	256	14	traded	trade	VERB
ajfa-469	256	15	.	.	PUNCT
ajfa-469	257	1	the	the	DET
ajfa-469	257	2	daily	daily	ADJ
ajfa-469	257	3	stock	stock	NOUN
ajfa-469	257	4	volume	volume	NOUN
ajfa-469	257	5	is	be	AUX
ajfa-469	257	6	standardised	standardise	VERB
ajfa-469	257	7	using	use	VERB
ajfa-469	257	8	the	the	DET
ajfa-469	257	9	daily	daily	ADJ
ajfa-469	257	10	total	total	ADJ
ajfa-469	257	11	nse	nse	NOUN
ajfa-469	257	12	market	market	NOUN
ajfa-469	257	13	volume	volume	NOUN
ajfa-469	257	14	.	.	PUNCT
ajfa-469	258	1	the	the	DET
ajfa-469	258	2	calculation	calculation	NOUN
ajfa-469	258	3	of	of	ADP
ajfa-469	258	4	volume	volume	NOUN
ajfa-469	258	5	ratio	ratio	NOUN
ajfa-469	258	6	takes	take	VERB
ajfa-469	258	7	into	into	ADP
ajfa-469	258	8	account	account	NOUN
ajfa-469	258	9	the	the	DET
ajfa-469	258	10	capitalization	capitalization	NOUN
ajfa-469	258	11	changes	change	NOUN
ajfa-469	258	12	.	.	PUNCT
ajfa-469	259	1	asian	asian	ADJ
ajfa-469	259	2	journal	journal	PROPN
ajfa-469	259	3	of	of	ADP
ajfa-469	259	4	finance	finance	PROPN
ajfa-469	259	5	&	&	CCONJ
ajfa-469	259	6	accounting	accounting	PROPN
ajfa-469	259	7	issn	issn	PROPN
ajfa-469	259	8	1946	1946	NUM
ajfa-469	259	9	-	-	PUNCT
ajfa-469	259	10	052x	052x	NOUN
ajfa-469	259	11	2010	2010	NUM
ajfa-469	259	12	,	,	PUNCT
ajfa-469	259	13	vol	vol	NOUN
ajfa-469	259	14	.	.	PROPN
ajfa-469	259	15	2	2	NUM
ajfa-469	259	16	,	,	PUNCT
ajfa-469	259	17	no	no	INTJ
ajfa-469	259	18	.	.	NOUN
ajfa-469	259	19	2	2	NUM
ajfa-469	259	20	:	:	PUNCT
ajfa-469	259	21	e4	e4	PROPN
ajfa-469	259	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	259	23	69	69	NUM
ajfa-469	259	24	vr	vr	NOUN
ajfa-469	259	25	for	for	ADP
ajfa-469	259	26	the	the	DET
ajfa-469	259	27	1999	1999	NUM
ajfa-469	259	28	-	-	SYM
ajfa-469	259	29	2006	2006	NUM
ajfa-469	259	30	and	and	CCONJ
ajfa-469	259	31	2007	2007	NUM
ajfa-469	259	32	-	-	SYM
ajfa-469	259	33	2010	2010	NUM
ajfa-469	259	34	period	period	NOUN
ajfa-469	259	35	is	be	AUX
ajfa-469	259	36	1.9	1.9	NUM
ajfa-469	259	37	and	and	CCONJ
ajfa-469	259	38	2.35	2.35	NUM
ajfa-469	259	39	respectively	respectively	ADV
ajfa-469	259	40	suggesting	suggest	VERB
ajfa-469	259	41	increased	increase	VERB
ajfa-469	259	42	ed	ed	NOUN
ajfa-469	259	43	effect	effect	NOUN
ajfa-469	259	44	along	along	ADP
ajfa-469	259	45	with	with	ADP
ajfa-469	259	46	the	the	DET
ajfa-469	259	47	growth	growth	NOUN
ajfa-469	259	48	of	of	ADP
ajfa-469	259	49	index	index	NOUN
ajfa-469	259	50	funds	fund	NOUN
ajfa-469	259	51	.	.	PUNCT
ajfa-469	260	1	the	the	DET
ajfa-469	260	2	permanent	permanent	ADJ
ajfa-469	260	3	abnormal	abnormal	ADJ
ajfa-469	260	4	return	return	NOUN
ajfa-469	260	5	without	without	ADP
ajfa-469	260	6	corresponding	correspond	VERB
ajfa-469	260	7	permanent	permanent	ADJ
ajfa-469	260	8	abnormal	abnormal	ADJ
ajfa-469	260	9	volume	volume	NOUN
ajfa-469	260	10	does	do	AUX
ajfa-469	260	11	not	not	PART
ajfa-469	260	12	support	support	VERB
ajfa-469	260	13	the	the	DET
ajfa-469	260	14	dsdc	dsdc	NOUN
ajfa-469	260	15	hypothesis	hypothesis	NOUN
ajfa-469	260	16	.	.	PUNCT
ajfa-469	261	1	though	though	SCONJ
ajfa-469	261	2	this	this	DET
ajfa-469	261	3	result	result	NOUN
ajfa-469	261	4	differs	differ	VERB
ajfa-469	261	5	from	from	ADP
ajfa-469	261	6	many	many	ADJ
ajfa-469	261	7	similar	similar	ADJ
ajfa-469	261	8	studies	study	NOUN
ajfa-469	261	9	,	,	PUNCT
ajfa-469	261	10	chen	chen	PROPN
ajfa-469	261	11	et	et	PROPN
ajfa-469	261	12	al(2004	al(2004	PROPN
ajfa-469	261	13	)	)	PUNCT
ajfa-469	261	14	also	also	ADV
ajfa-469	261	15	evidence	evidence	VERB
ajfa-469	261	16	similar	similar	ADJ
ajfa-469	261	17	results	result	NOUN
ajfa-469	261	18	in	in	ADP
ajfa-469	261	19	the	the	DET
ajfa-469	261	20	s&p	s&p	PROPN
ajfa-469	261	21	500	500	NUM
ajfa-469	261	22	additions	addition	NOUN
ajfa-469	261	23	.	.	PUNCT
ajfa-469	262	1	4.4	4.4	NUM
ajfa-469	262	2	price	price	NOUN
ajfa-469	262	3	pressure	pressure	NOUN
ajfa-469	262	4	hypothesis	hypothesis	NOUN
ajfa-469	262	5	the	the	DET
ajfa-469	262	6	effective	effective	ADJ
ajfa-469	262	7	day	day	NOUN
ajfa-469	262	8	or	or	CCONJ
ajfa-469	262	9	the	the	DET
ajfa-469	262	10	actual	actual	ADJ
ajfa-469	262	11	day	day	NOUN
ajfa-469	262	12	of	of	ADP
ajfa-469	262	13	inclusion	inclusion	NOUN
ajfa-469	262	14	abnormal	abnormal	ADJ
ajfa-469	262	15	stock	stock	NOUN
ajfa-469	262	16	returns	return	NOUN
ajfa-469	262	17	are	be	AUX
ajfa-469	262	18	expected	expect	VERB
ajfa-469	262	19	to	to	PART
ajfa-469	262	20	significantly	significantly	ADV
ajfa-469	262	21	positive	positive	ADJ
ajfa-469	262	22	due	due	ADP
ajfa-469	262	23	to	to	ADP
ajfa-469	262	24	the	the	DET
ajfa-469	262	25	action	action	NOUN
ajfa-469	262	26	of	of	ADP
ajfa-469	262	27	index	index	NOUN
ajfa-469	262	28	funds	fund	NOUN
ajfa-469	262	29	.	.	PUNCT
ajfa-469	263	1	hence	hence	ADV
ajfa-469	263	2	only	only	ADV
ajfa-469	263	3	the	the	DET
ajfa-469	263	4	stocks	stock	NOUN
ajfa-469	263	5	with	with	ADP
ajfa-469	263	6	positive	positive	ADJ
ajfa-469	263	7	ed	ed	NOUN
ajfa-469	263	8	abnormal	abnormal	ADJ
ajfa-469	263	9	returns	return	NOUN
ajfa-469	263	10	are	be	AUX
ajfa-469	263	11	considered	consider	VERB
ajfa-469	263	12	for	for	ADP
ajfa-469	263	13	testing	test	VERB
ajfa-469	263	14	the	the	DET
ajfa-469	263	15	price	price	NOUN
ajfa-469	263	16	pressure	pressure	NOUN
ajfa-469	263	17	hypothesis	hypothesis	NOUN
ajfa-469	263	18	in	in	ADP
ajfa-469	263	19	the	the	DET
ajfa-469	263	20	indian	indian	ADJ
ajfa-469	263	21	stock	stock	NOUN
ajfa-469	263	22	market	market	NOUN
ajfa-469	263	23	.	.	PUNCT
ajfa-469	264	1	this	this	PRON
ajfa-469	264	2	is	be	AUX
ajfa-469	264	3	more	more	ADV
ajfa-469	264	4	appropriate	appropriate	ADJ
ajfa-469	264	5	because	because	SCONJ
ajfa-469	264	6	price	price	NOUN
ajfa-469	264	7	pressure	pressure	NOUN
ajfa-469	264	8	hypothesis	hypothesis	NOUN
ajfa-469	264	9	postulates	postulate	VERB
ajfa-469	264	10	complete	complete	ADJ
ajfa-469	264	11	reversion	reversion	NOUN
ajfa-469	264	12	of	of	ADP
ajfa-469	264	13	positive	positive	ADJ
ajfa-469	264	14	ed	ed	NOUN
ajfa-469	264	15	abnormal	abnormal	ADJ
ajfa-469	264	16	returns	return	NOUN
ajfa-469	264	17	once	once	SCONJ
ajfa-469	264	18	the	the	DET
ajfa-469	264	19	temporary	temporary	ADJ
ajfa-469	264	20	excess	excess	ADJ
ajfa-469	264	21	demand	demand	NOUN
ajfa-469	264	22	of	of	ADP
ajfa-469	264	23	the	the	DET
ajfa-469	264	24	index	index	NOUN
ajfa-469	264	25	funds	fund	NOUN
ajfa-469	264	26	is	be	AUX
ajfa-469	264	27	satisfied	satisfied	ADJ
ajfa-469	264	28	.	.	PUNCT
ajfa-469	264	29	.	.	PUNCT
ajfa-469	265	1	the	the	DET
ajfa-469	265	2	ed	ed	PROPN
ajfa-469	265	3	abnormal	abnormal	ADJ
ajfa-469	265	4	return	return	NOUN
ajfa-469	265	5	for	for	ADP
ajfa-469	265	6	the	the	DET
ajfa-469	265	7	stocks	stock	NOUN
ajfa-469	265	8	added	add	VERB
ajfa-469	265	9	to	to	ADP
ajfa-469	265	10	nifty	nifty	ADJ
ajfa-469	265	11	index	index	NOUN
ajfa-469	265	12	for	for	ADP
ajfa-469	265	13	the	the	DET
ajfa-469	265	14	period	period	NOUN
ajfa-469	265	15	1999	1999	NUM
ajfa-469	265	16	-	-	SYM
ajfa-469	265	17	2010	2010	NUM
ajfa-469	265	18	,	,	PUNCT
ajfa-469	265	19	with	with	ADP
ajfa-469	265	20	positive	positive	ADJ
ajfa-469	265	21	abnormal	abnormal	ADJ
ajfa-469	265	22	return	return	NOUN
ajfa-469	265	23	on	on	ADP
ajfa-469	265	24	ed	ed	NOUN
ajfa-469	265	25	,	,	PUNCT
ajfa-469	265	26	is	be	AUX
ajfa-469	265	27	3.18	3.18	NUM
ajfa-469	265	28	%	%	NOUN
ajfa-469	265	29	.	.	PUNCT
ajfa-469	266	1	the	the	DET
ajfa-469	266	2	results	result	NOUN
ajfa-469	266	3	are	be	AUX
ajfa-469	266	4	displayed	display	VERB
ajfa-469	266	5	in	in	ADP
ajfa-469	266	6	table	table	NOUN
ajfa-469	266	7	5	5	NUM
ajfa-469	266	8	.	.	PUNCT
ajfa-469	266	9	harris	harris	PROPN
ajfa-469	266	10	and	and	CCONJ
ajfa-469	266	11	gurel	gurel	PROPN
ajfa-469	266	12	(	(	PUNCT
ajfa-469	266	13	1986	1986	NUM
ajfa-469	266	14	)	)	PUNCT
ajfa-469	266	15	,	,	PUNCT
ajfa-469	266	16	compared	compare	VERB
ajfa-469	266	17	ed	ed	NOUN
ajfa-469	266	18	abnormal	abnormal	ADJ
ajfa-469	266	19	return	return	NOUN
ajfa-469	266	20	with	with	ADP
ajfa-469	266	21	the	the	DET
ajfa-469	266	22	negative	negative	NOUN
ajfa-469	266	23	of	of	ADP
ajfa-469	266	24	the	the	DET
ajfa-469	266	25	corresponding	corresponding	ADJ
ajfa-469	266	26	day	day	NOUN
ajfa-469	266	27	cumulative	cumulative	ADJ
ajfa-469	266	28	return	return	NOUN
ajfa-469	266	29	from	from	ADP
ajfa-469	266	30	day	day	NOUN
ajfa-469	266	31	ed+1	ed+1	NOUN
ajfa-469	266	32	to	to	ADP
ajfa-469	266	33	day	day	NOUN
ajfa-469	266	34	t	t	NOUN
ajfa-469	266	35	to	to	PART
ajfa-469	266	36	explain	explain	VERB
ajfa-469	266	37	the	the	DET
ajfa-469	266	38	price	price	NOUN
ajfa-469	266	39	pressure	pressure	NOUN
ajfa-469	266	40	around	around	ADP
ajfa-469	266	41	ed	ed	NOUN
ajfa-469	266	42	.	.	PUNCT
ajfa-469	267	1	according	accord	VERB
ajfa-469	267	2	to	to	ADP
ajfa-469	267	3	them	they	PRON
ajfa-469	267	4	,	,	PUNCT
ajfa-469	267	5	if	if	SCONJ
ajfa-469	267	6	the	the	DET
ajfa-469	267	7	mean	mean	NOUN
ajfa-469	267	8	of	of	ADP
ajfa-469	267	9	the	the	DET
ajfa-469	267	10	cumulative	cumulative	NOUN
ajfa-469	267	11	from	from	ADP
ajfa-469	267	12	ed+1	ed+1	PROPN
ajfa-469	267	13	till	till	SCONJ
ajfa-469	267	14	a	a	DET
ajfa-469	267	15	reference	reference	NOUN
ajfa-469	267	16	date	date	NOUN
ajfa-469	267	17	‘	'	PUNCT
ajfa-469	267	18	t	t	NOUN
ajfa-469	267	19	’	'	PUNCT
ajfa-469	267	20	(	(	PUNCT
ajfa-469	267	21	changed	change	VERB
ajfa-469	267	22	in	in	ADP
ajfa-469	267	23	sign	sign	NOUN
ajfa-469	267	24	)	)	PUNCT
ajfa-469	267	25	is	be	AUX
ajfa-469	267	26	equal	equal	ADJ
ajfa-469	267	27	to	to	ADP
ajfa-469	267	28	the	the	DET
ajfa-469	267	29	ed	ed	PROPN
ajfa-469	267	30	abnormal	abnormal	ADJ
ajfa-469	267	31	return	return	NOUN
ajfa-469	267	32	,	,	PUNCT
ajfa-469	267	33	then	then	ADV
ajfa-469	267	34	it	it	PRON
ajfa-469	267	35	means	mean	VERB
ajfa-469	267	36	that	that	SCONJ
ajfa-469	267	37	all	all	DET
ajfa-469	267	38	the	the	DET
ajfa-469	267	39	ed	ed	PROPN
ajfa-469	267	40	abnormal	abnormal	ADJ
ajfa-469	267	41	return	return	NOUN
ajfa-469	267	42	is	be	AUX
ajfa-469	267	43	reversed	reverse	VERB
ajfa-469	267	44	and	and	CCONJ
ajfa-469	267	45	consequently	consequently	ADV
ajfa-469	267	46	price	price	NOUN
ajfa-469	267	47	pressure	pressure	NOUN
ajfa-469	267	48	is	be	AUX
ajfa-469	267	49	the	the	DET
ajfa-469	267	50	main	main	ADJ
ajfa-469	267	51	reason	reason	NOUN
ajfa-469	267	52	for	for	ADP
ajfa-469	267	53	ed	ed	PROPN
ajfa-469	267	54	abnormal	abnormal	ADJ
ajfa-469	267	55	return	return	NOUN
ajfa-469	267	56	.	.	PUNCT
ajfa-469	268	1	the	the	DET
ajfa-469	268	2	ed	ed	PROPN
ajfa-469	268	3	abnormal	abnormal	ADJ
ajfa-469	268	4	return	return	NOUN
ajfa-469	268	5	for	for	ADP
ajfa-469	268	6	the	the	DET
ajfa-469	268	7	stocks	stock	NOUN
ajfa-469	268	8	added	add	VERB
ajfa-469	268	9	to	to	ADP
ajfa-469	268	10	nifty	nifty	ADJ
ajfa-469	268	11	index	index	NOUN
ajfa-469	268	12	for	for	ADP
ajfa-469	268	13	the	the	DET
ajfa-469	268	14	period	period	NOUN
ajfa-469	268	15	1999	1999	NUM
ajfa-469	268	16	-	-	SYM
ajfa-469	268	17	2010	2010	NUM
ajfa-469	268	18	,	,	PUNCT
ajfa-469	268	19	with	with	ADP
ajfa-469	268	20	positive	positive	ADJ
ajfa-469	268	21	abnormal	abnormal	ADJ
ajfa-469	268	22	return	return	NOUN
ajfa-469	268	23	on	on	ADP
ajfa-469	268	24	ed	ed	NOUN
ajfa-469	268	25	,	,	PUNCT
ajfa-469	268	26	is	be	AUX
ajfa-469	268	27	3.18	3.18	NUM
ajfa-469	268	28	%	%	NOUN
ajfa-469	268	29	.	.	PUNCT
ajfa-469	269	1	this	this	DET
ajfa-469	269	2	ed	ed	PROPN
ajfa-469	269	3	abnormal	abnormal	ADJ
ajfa-469	269	4	return	return	NOUN
ajfa-469	269	5	is	be	AUX
ajfa-469	269	6	compared	compare	VERB
ajfa-469	269	7	with	with	ADP
ajfa-469	269	8	the	the	DET
ajfa-469	269	9	negative	negative	NOUN
ajfa-469	269	10	of	of	ADP
ajfa-469	269	11	the	the	DET
ajfa-469	269	12	cumulative	cumulative	ADJ
ajfa-469	269	13	abnormal	abnormal	ADJ
ajfa-469	269	14	return	return	NOUN
ajfa-469	269	15	from	from	ADP
ajfa-469	269	16	ed+1	ed+1	PROPN
ajfa-469	269	17	to	to	ADP
ajfa-469	269	18	ed+20	ed+20	NOUN
ajfa-469	269	19	to	to	PART
ajfa-469	269	20	detect	detect	VERB
ajfa-469	269	21	the	the	DET
ajfa-469	269	22	presence	presence	NOUN
ajfa-469	269	23	of	of	ADP
ajfa-469	269	24	price	price	NOUN
ajfa-469	269	25	pressure	pressure	NOUN
ajfa-469	269	26	and	and	CCONJ
ajfa-469	269	27	the	the	DET
ajfa-469	269	28	results	result	NOUN
ajfa-469	269	29	are	be	AUX
ajfa-469	269	30	reported	report	VERB
ajfa-469	269	31	in	in	ADP
ajfa-469	269	32	table	table	NOUN
ajfa-469	269	33	5	5	NUM
ajfa-469	269	34	.	.	PUNCT
ajfa-469	269	35	asian	asian	ADJ
ajfa-469	269	36	journal	journal	PROPN
ajfa-469	269	37	of	of	ADP
ajfa-469	269	38	finance	finance	PROPN
ajfa-469	269	39	&	&	CCONJ
ajfa-469	269	40	accounting	accounting	PROPN
ajfa-469	269	41	issn	issn	PROPN
ajfa-469	269	42	1946	1946	NUM
ajfa-469	269	43	-	-	PUNCT
ajfa-469	269	44	052x	052x	NOUN
ajfa-469	269	45	2010	2010	NUM
ajfa-469	269	46	,	,	PUNCT
ajfa-469	269	47	vol	vol	NOUN
ajfa-469	269	48	.	.	PROPN
ajfa-469	269	49	2	2	NUM
ajfa-469	269	50	,	,	PUNCT
ajfa-469	269	51	no	no	INTJ
ajfa-469	269	52	.	.	NOUN
ajfa-469	269	53	2	2	NUM
ajfa-469	269	54	:	:	PUNCT
ajfa-469	269	55	e4	e4	PROPN
ajfa-469	269	56	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	269	57	70	70	NUM
ajfa-469	269	58	table	table	NOUN
ajfa-469	269	59	5	5	NUM
ajfa-469	269	60	.	.	PUNCT
ajfa-469	270	1	mean	mean	VERB
ajfa-469	270	2	cumulative	cumulative	ADJ
ajfa-469	270	3	abnormal	abnormal	ADJ
ajfa-469	270	4	return	return	NOUN
ajfa-469	270	5	from	from	ADP
ajfa-469	270	6	ed+1	ed+1	PROPN
ajfa-469	270	7	to	to	ADP
ajfa-469	270	8	day	day	NOUN
ajfa-469	270	9	t	t	NOUN
ajfa-469	270	10	for	for	ADP
ajfa-469	270	11	the	the	DET
ajfa-469	270	12	29	29	NUM
ajfa-469	270	13	stocks	stock	NOUN
ajfa-469	270	14	added	add	VERB
ajfa-469	270	15	to	to	ADP
ajfa-469	270	16	nifty	nifty	ADJ
ajfa-469	270	17	index	index	NOUN
ajfa-469	270	18	between	between	ADP
ajfa-469	270	19	1999	1999	NUM
ajfa-469	270	20	-	-	SYM
ajfa-469	270	21	2010	2010	NUM
ajfa-469	270	22	and	and	CCONJ
ajfa-469	270	23	for	for	ADP
ajfa-469	270	24	which	which	PRON
ajfa-469	270	25	ed	ed	NOUN
ajfa-469	270	26	abnormal	abnormal	ADJ
ajfa-469	270	27	return	return	NOUN
ajfa-469	270	28	is	be	AUX
ajfa-469	270	29	greater	great	ADJ
ajfa-469	270	30	than	than	ADP
ajfa-469	270	31	zero	zero	NUM
ajfa-469	270	32	.	.	PUNCT
ajfa-469	271	1	day	day	NOUN
ajfa-469	271	2	ed+1	ed+1	PROPN
ajfa-469	271	3	to	to	ADP
ajfa-469	271	4	day	day	NOUN
ajfa-469	271	5	t	t	NOUN
ajfa-469	271	6	mean	mean	NOUN
ajfa-469	271	7	car	car	NOUN
ajfa-469	271	8	from	from	ADP
ajfa-469	271	9	ed+1	ed+1	PROPN
ajfa-469	271	10	to	to	ADP
ajfa-469	271	11	the	the	DET
ajfa-469	271	12	day	day	NOUN
ajfa-469	271	13	indicated	indicate	VERB
ajfa-469	271	14	t	t	PROPN
ajfa-469	271	15	-	-	PUNCT
ajfa-469	271	16	stat	stat	NOUN
ajfa-469	271	17	p	p	NOUN
ajfa-469	271	18	value	value	NOUN
ajfa-469	271	19	%	%	NOUN
ajfa-469	271	20	of	of	ADP
ajfa-469	271	21	stocks	stock	NOUN
ajfa-469	271	22	where	where	SCONJ
ajfa-469	271	23	car	car	NOUN
ajfa-469	271	24	is	be	AUX
ajfa-469	271	25	>	>	X
ajfa-469	271	26	0	0	NUM
ajfa-469	271	27	ed+1	ed+1	NOUN
ajfa-469	271	28	to	to	ADP
ajfa-469	271	29	day	day	NOUN
ajfa-469	271	30	t	t	PROPN
ajfa-469	271	31	ed	ed	NOUN
ajfa-469	271	32	to	to	ADP
ajfa-469	271	33	day	day	PROPN
ajfa-469	271	34	t	t	PROPN
ajfa-469	271	35	ed+1	ed+1	PROPN
ajfa-469	271	36	-0.19	-0.19	NOUN
ajfa-469	271	37	%	%	NOUN
ajfa-469	271	38	4.278	4.278	NUM
ajfa-469	271	39	0.0001	0.0001	NUM
ajfa-469	271	40	44.83	44.83	NUM
ajfa-469	271	41	%	%	NOUN
ajfa-469	271	42	86.21	86.21	NUM
ajfa-469	271	43	%	%	NOUN
ajfa-469	271	44	ed+2	ed+2	NUM
ajfa-469	271	45	0.16	0.16	NUM
ajfa-469	271	46	%	%	NOUN
ajfa-469	271	47	3.786	3.786	NUM
ajfa-469	271	48	0.0004	0.0004	NUM
ajfa-469	271	49	48.28	48.28	NUM
ajfa-469	271	50	%	%	NOUN
ajfa-469	271	51	75.86	75.86	NUM
ajfa-469	271	52	%	%	NOUN
ajfa-469	271	53	ed+3	ed+3	NOUN
ajfa-469	271	54	-0.47	-0.47	NOUN
ajfa-469	271	55	%	%	NOUN
ajfa-469	271	56	2.802	2.802	NUM
ajfa-469	271	57	0.007	0.007	NUM
ajfa-469	271	58	37.93	37.93	NUM
ajfa-469	271	59	%	%	NOUN
ajfa-469	271	60	68.97	68.97	NUM
ajfa-469	271	61	%	%	NOUN
ajfa-469	271	62	ed+4	ed+4	NUM
ajfa-469	271	63	-0.49	-0.49	NOUN
ajfa-469	271	64	%	%	NOUN
ajfa-469	271	65	2.320	2.320	NUM
ajfa-469	271	66	0.025	0.025	NUM
ajfa-469	271	67	44.83	44.83	NUM
ajfa-469	271	68	%	%	NOUN
ajfa-469	271	69	65.52	65.52	NUM
ajfa-469	271	70	%	%	NOUN
ajfa-469	271	71	ed+5	ed+5	NOUN
ajfa-469	271	72	-0.22	-0.22	NUM
ajfa-469	271	73	%	%	NOUN
ajfa-469	271	74	1.909	1.909	NUM
ajfa-469	271	75	0.065	0.065	NUM
ajfa-469	271	76	51.72	51.72	NUM
ajfa-469	271	77	%	%	NOUN
ajfa-469	271	78	68.97	68.97	NUM
ajfa-469	271	79	%	%	NOUN
ajfa-469	271	80	ed+6	ed+6	ADV
ajfa-469	271	81	0.14	0.14	NUM
ajfa-469	271	82	%	%	NOUN
ajfa-469	271	83	1.882	1.882	NUM
ajfa-469	271	84	0.065	0.065	NUM
ajfa-469	271	85	37.93	37.93	NUM
ajfa-469	271	86	%	%	NOUN
ajfa-469	271	87	68.97	68.97	NUM
ajfa-469	271	88	%	%	NOUN
ajfa-469	271	89	ed+7	ed+7	PROPN
ajfa-469	271	90	0.20	0.20	NUM
ajfa-469	271	91	%	%	NOUN
ajfa-469	271	92	1.764	1.764	NUM
ajfa-469	271	93	0.089	0.089	NUM
ajfa-469	271	94	51.72	51.72	NUM
ajfa-469	271	95	%	%	NOUN
ajfa-469	271	96	65.52	65.52	NUM
ajfa-469	271	97	%	%	NOUN
ajfa-469	271	98	ed+8	ed+8	NUM
ajfa-469	271	99	0.90	0.90	NUM
ajfa-469	271	100	%	%	NOUN
ajfa-469	271	101	1.890	1.890	NUM
ajfa-469	271	102	0.064	0.064	NUM
ajfa-469	271	103	48.28	48.28	NUM
ajfa-469	271	104	%	%	NOUN
ajfa-469	271	105	62.07	62.07	NUM
ajfa-469	271	106	%	%	NOUN
ajfa-469	271	107	ed+9	ed+9	NUM
ajfa-469	271	108	2.10	2.10	NUM
ajfa-469	271	109	%	%	NOUN
ajfa-469	271	110	1.858	1.858	NUM
ajfa-469	271	111	0.073	0.073	NUM
ajfa-469	271	112	51.72	51.72	NUM
ajfa-469	271	113	%	%	NOUN
ajfa-469	271	114	75.86	75.86	NUM
ajfa-469	271	115	%	%	NOUN
ajfa-469	271	116	ed+10	ed+10	NOUN
ajfa-469	271	117	1.42	1.42	NUM
ajfa-469	271	118	%	%	NOUN
ajfa-469	271	119	1.843	1.843	NUM
ajfa-469	271	120	0.075	0.075	NUM
ajfa-469	271	121	51.72	51.72	NUM
ajfa-469	271	122	%	%	NOUN
ajfa-469	271	123	68.97	68.97	NUM
ajfa-469	271	124	%	%	NOUN
ajfa-469	271	125	ed+15	ed+15	PROPN
ajfa-469	271	126	1.54	1.54	NUM
ajfa-469	271	127	%	%	NOUN
ajfa-469	271	128	2.058	2.058	NUM
ajfa-469	271	129	0.048	0.048	NUM
ajfa-469	271	130	58.62	58.62	NUM
ajfa-469	271	131	%	%	NOUN
ajfa-469	271	132	72.41	72.41	NUM
ajfa-469	271	133	%	%	NOUN
ajfa-469	271	134	ed+20	ed+20	NUM
ajfa-469	271	135	1.26	1.26	NUM
ajfa-469	271	136	%	%	NOUN
ajfa-469	271	137	1.840	1.840	NUM
ajfa-469	271	138	0.076	0.076	NUM
ajfa-469	271	139	51.72	51.72	NUM
ajfa-469	271	140	%	%	NOUN
ajfa-469	271	141	72.41	72.41	NUM
ajfa-469	271	142	%	%	NOUN
ajfa-469	271	143	t	t	NOUN
ajfa-469	271	144	-	-	PUNCT
ajfa-469	271	145	test	test	NOUN
ajfa-469	271	146	for	for	ADP
ajfa-469	271	147	equality	equality	NOUN
ajfa-469	271	148	of	of	ADP
ajfa-469	271	149	means	mean	NOUN
ajfa-469	271	150	between	between	ADP
ajfa-469	271	151	ed	ed	PROPN
ajfa-469	271	152	abnormal	abnormal	ADJ
ajfa-469	271	153	return	return	NOUN
ajfa-469	271	154	and	and	CCONJ
ajfa-469	271	155	the	the	DET
ajfa-469	271	156	negative	negative	NOUN
ajfa-469	271	157	of	of	ADP
ajfa-469	271	158	the	the	DET
ajfa-469	271	159	corresponding	corresponding	ADJ
ajfa-469	271	160	day	day	NOUN
ajfa-469	271	161	ed+1	ed+1	PROPN
ajfa-469	271	162	to	to	ADP
ajfa-469	271	163	day	day	NOUN
ajfa-469	271	164	‘	'	PUNCT
ajfa-469	271	165	t	t	NOUN
ajfa-469	271	166	’	'	PUNCT
ajfa-469	271	167	car	car	NOUN
ajfa-469	271	168	.	.	PUNCT
ajfa-469	272	1	satherthwaite	satherthwaite	PROPN
ajfa-469	272	2	's	's	PART
ajfa-469	272	3	approximation	approximation	NOUN
ajfa-469	272	4	for	for	ADP
ajfa-469	272	5	degrees	degree	NOUN
ajfa-469	272	6	of	of	ADP
ajfa-469	272	7	freedom	freedom	NOUN
ajfa-469	272	8	is	be	AUX
ajfa-469	272	9	used	use	VERB
ajfa-469	272	10	.	.	PUNCT
ajfa-469	273	1	n=	n=	ADJ
ajfa-469	273	2	29	29	NUM
ajfa-469	273	3	,	,	PUNCT
ajfa-469	273	4	includes	include	VERB
ajfa-469	273	5	only	only	ADV
ajfa-469	273	6	the	the	DET
ajfa-469	273	7	stocks	stock	NOUN
ajfa-469	273	8	which	which	PRON
ajfa-469	273	9	had	have	VERB
ajfa-469	273	10	positive	positive	ADJ
ajfa-469	273	11	ed	ed	NOUN
ajfa-469	273	12	abnormal	abnormal	ADJ
ajfa-469	273	13	return	return	NOUN
ajfa-469	273	14	.	.	PUNCT
ajfa-469	274	1	two	two	NUM
ajfa-469	274	2	tailed	tail	VERB
ajfa-469	274	3	t	t	NOUN
ajfa-469	274	4	-test	-test	NOUN
ajfa-469	274	5	of	of	ADP
ajfa-469	274	6	whether	whether	SCONJ
ajfa-469	274	7	the	the	DET
ajfa-469	274	8	negative	negative	NOUN
ajfa-469	274	9	of	of	ADP
ajfa-469	274	10	the	the	DET
ajfa-469	274	11	mean	mean	NOUN
ajfa-469	274	12	of	of	ADP
ajfa-469	274	13	the	the	DET
ajfa-469	274	14	cumulative	cumulative	NOUN
ajfa-469	274	15	is	be	AUX
ajfa-469	274	16	equal	equal	ADJ
ajfa-469	274	17	to	to	ADP
ajfa-469	274	18	the	the	DET
ajfa-469	274	19	mean	mean	NOUN
ajfa-469	274	20	of	of	ADP
ajfa-469	274	21	ed	ed	PROPN
ajfa-469	274	22	abnormal	abnormal	ADJ
ajfa-469	274	23	return	return	NOUN
ajfa-469	274	24	using	use	VERB
ajfa-469	274	25	cross	cross	ADJ
ajfa-469	274	26	-	-	ADJ
ajfa-469	274	27	sectional	sectional	ADJ
ajfa-469	274	28	data	datum	NOUN
ajfa-469	274	29	.	.	PUNCT
ajfa-469	275	1	the	the	DET
ajfa-469	275	2	results	result	NOUN
ajfa-469	275	3	of	of	ADP
ajfa-469	275	4	the	the	DET
ajfa-469	275	5	t	t	NOUN
ajfa-469	275	6	-	-	PUNCT
ajfa-469	275	7	test	test	NOUN
ajfa-469	275	8	show	show	NOUN
ajfa-469	275	9	that	that	DET
ajfa-469	275	10	car	car	NOUN
ajfa-469	275	11	from	from	ADP
ajfa-469	275	12	ed+1	ed+1	PROPN
ajfa-469	275	13	through	through	ADP
ajfa-469	275	14	to	to	ADP
ajfa-469	275	15	ed+20	ed+20	X
ajfa-469	275	16	reject	reject	VERB
ajfa-469	275	17	the	the	DET
ajfa-469	275	18	null	null	ADJ
ajfa-469	275	19	hypothesis	hypothesis	NOUN
ajfa-469	275	20	that	that	PRON
ajfa-469	275	21	the	the	DET
ajfa-469	275	22	mean	mean	NOUN
ajfa-469	275	23	of	of	ADP
ajfa-469	275	24	the	the	DET
ajfa-469	275	25	ed	ed	PROPN
ajfa-469	275	26	abnormal	abnormal	ADJ
ajfa-469	275	27	return	return	NOUN
ajfa-469	275	28	is	be	AUX
ajfa-469	275	29	equal	equal	ADJ
ajfa-469	275	30	to	to	ADP
ajfa-469	275	31	the	the	DET
ajfa-469	275	32	negative	negative	NOUN
ajfa-469	275	33	of	of	ADP
ajfa-469	275	34	the	the	DET
ajfa-469	275	35	cars	car	NOUN
ajfa-469	275	36	from	from	ADP
ajfa-469	275	37	ed+1	ed+1	PROPN
ajfa-469	275	38	to	to	ADP
ajfa-469	275	39	ed+20	ed+20	PROPN
ajfa-469	275	40	(	(	PUNCT
ajfa-469	275	41	at	at	ADP
ajfa-469	275	42	least	least	ADJ
ajfa-469	275	43	the	the	DET
ajfa-469	275	44	10	10	NUM
ajfa-469	275	45	%	%	NOUN
ajfa-469	275	46	level	level	NOUN
ajfa-469	275	47	of	of	ADP
ajfa-469	275	48	significance	significance	NOUN
ajfa-469	275	49	)	)	PUNCT
ajfa-469	275	50	.	.	PUNCT
ajfa-469	276	1	the	the	DET
ajfa-469	276	2	maximum	maximum	ADJ
ajfa-469	276	3	reversion	reversion	NOUN
ajfa-469	276	4	is	be	AUX
ajfa-469	276	5	only	only	ADV
ajfa-469	276	6	-0.49	-0.49	NOUN
ajfa-469	276	7	%	%	NOUN
ajfa-469	276	8	and	and	CCONJ
ajfa-469	276	9	takes	take	VERB
ajfa-469	276	10	place	place	NOUN
ajfa-469	276	11	on	on	ADP
ajfa-469	276	12	ed+4	ed+4	ADP
ajfa-469	276	13	.	.	PUNCT
ajfa-469	277	1	the	the	DET
ajfa-469	277	2	results	result	NOUN
ajfa-469	277	3	provide	provide	VERB
ajfa-469	277	4	little	little	ADJ
ajfa-469	277	5	evidence	evidence	NOUN
ajfa-469	277	6	of	of	ADP
ajfa-469	277	7	price	price	NOUN
ajfa-469	277	8	reversal	reversal	NOUN
ajfa-469	277	9	and	and	CCONJ
ajfa-469	277	10	hence	hence	ADV
ajfa-469	277	11	do	do	AUX
ajfa-469	277	12	not	not	PART
ajfa-469	277	13	support	support	VERB
ajfa-469	277	14	the	the	DET
ajfa-469	277	15	price	price	NOUN
ajfa-469	277	16	pressure	pressure	NOUN
ajfa-469	277	17	hypothesis	hypothesis	NOUN
ajfa-469	277	18	in	in	ADP
ajfa-469	277	19	the	the	DET
ajfa-469	277	20	nifty	nifty	ADJ
ajfa-469	277	21	index	index	NOUN
ajfa-469	277	22	additions	addition	NOUN
ajfa-469	277	23	.	.	PUNCT
ajfa-469	278	1	even	even	ADV
ajfa-469	278	2	in	in	ADP
ajfa-469	278	3	the	the	DET
ajfa-469	278	4	complete	complete	ADJ
ajfa-469	278	5	sample(n=38	sample(n=38	PROPN
ajfa-469	278	6	)	)	PUNCT
ajfa-469	278	7	,	,	PUNCT
ajfa-469	278	8	the	the	DET
ajfa-469	278	9	maximum	maximum	ADJ
ajfa-469	278	10	reversion	reversion	NOUN
ajfa-469	278	11	of	of	ADP
ajfa-469	278	12	1.1	1.1	NUM
ajfa-469	278	13	%	%	NOUN
ajfa-469	278	14	and	and	CCONJ
ajfa-469	278	15	0.89	0.89	NUM
ajfa-469	278	16	%	%	NOUN
ajfa-469	278	17	occurs	occur	VERB
ajfa-469	278	18	at	at	ADP
ajfa-469	278	19	ed+3	ed+3	NOUN
ajfa-469	278	20	,	,	PUNCT
ajfa-469	278	21	ed+4(release	ed+4(release	NOUN
ajfa-469	278	22	ending	end	VERB
ajfa-469	278	23	day	day	NOUN
ajfa-469	278	24	)	)	PUNCT
ajfa-469	278	25	respectively	respectively	ADV
ajfa-469	278	26	compared	compare	VERB
ajfa-469	278	27	to	to	ADP
ajfa-469	278	28	ed	ed	PROPN
ajfa-469	278	29	abnormal	abnormal	ADJ
ajfa-469	278	30	return	return	NOUN
ajfa-469	278	31	of	of	ADP
ajfa-469	278	32	1.92	1.92	NUM
ajfa-469	278	33	%	%	NOUN
ajfa-469	278	34	.	.	PUNCT
ajfa-469	279	1	therefore	therefore	ADV
ajfa-469	279	2	it	it	PRON
ajfa-469	279	3	seems	seem	VERB
ajfa-469	279	4	reasonable	reasonable	ADJ
ajfa-469	279	5	to	to	PART
ajfa-469	279	6	conclude	conclude	VERB
ajfa-469	279	7	that	that	DET
ajfa-469	279	8	evidence	evidence	NOUN
ajfa-469	279	9	in	in	ADP
ajfa-469	279	10	support	support	NOUN
ajfa-469	279	11	of	of	ADP
ajfa-469	279	12	price	price	NOUN
ajfa-469	279	13	pressure	pressure	NOUN
ajfa-469	279	14	is	be	AUX
ajfa-469	279	15	limited	limit	VERB
ajfa-469	279	16	at	at	ADP
ajfa-469	279	17	best	well	ADV
ajfa-469	279	18	.	.	PUNCT
ajfa-469	280	1	the	the	DET
ajfa-469	280	2	result	result	NOUN
ajfa-469	280	3	for	for	ADP
ajfa-469	280	4	price	price	NOUN
ajfa-469	280	5	pressure	pressure	NOUN
ajfa-469	280	6	is	be	AUX
ajfa-469	280	7	not	not	PART
ajfa-469	280	8	consistent	consistent	ADJ
ajfa-469	280	9	with	with	ADP
ajfa-469	280	10	some	some	PRON
ajfa-469	280	11	of	of	ADP
ajfa-469	280	12	the	the	DET
ajfa-469	280	13	results	result	NOUN
ajfa-469	280	14	from	from	ADP
ajfa-469	280	15	developed	develop	VERB
ajfa-469	280	16	markets	market	NOUN
ajfa-469	280	17	who	who	PRON
ajfa-469	280	18	have	have	AUX
ajfa-469	280	19	evidenced	evidence	VERB
ajfa-469	280	20	significant	significant	ADJ
ajfa-469	280	21	reversals	reversal	NOUN
ajfa-469	280	22	following	follow	VERB
ajfa-469	280	23	ed	ed	NOUN
ajfa-469	280	24	abnormal	abnormal	ADJ
ajfa-469	280	25	return	return	NOUN
ajfa-469	280	26	.	.	PUNCT
ajfa-469	281	1	4.5	4.5	NUM
ajfa-469	281	2	long	long	ADJ
ajfa-469	281	3	term	term	NOUN
ajfa-469	281	4	effect	effect	NOUN
ajfa-469	281	5	window	window	NOUN
ajfa-469	281	6	–	–	PUNCT
ajfa-469	281	7	ed+30	ed+30	NOUN
ajfa-469	281	8	to	to	ADP
ajfa-469	281	9	ed+60	ed+60	PROPN
ajfa-469	281	10	according	accord	VERB
ajfa-469	281	11	to	to	ADP
ajfa-469	281	12	chen	chen	PROPN
ajfa-469	281	13	et	et	PROPN
ajfa-469	281	14	al(2004	al(2004	PROPN
ajfa-469	281	15	)	)	PUNCT
ajfa-469	281	16	,	,	PUNCT
ajfa-469	281	17	hegde	hegde	NOUN
ajfa-469	281	18	and	and	CCONJ
ajfa-469	281	19	mcdermott(2003	mcdermott(2003	NOUN
ajfa-469	281	20	)	)	PUNCT
ajfa-469	281	21	studying	study	VERB
ajfa-469	281	22	long	long	ADJ
ajfa-469	281	23	term	term	NOUN
ajfa-469	281	24	liquidity	liquidity	NOUN
ajfa-469	281	25	compared	compare	VERB
ajfa-469	281	26	(	(	PUNCT
ajfa-469	281	27	ad-60	ad-60	X
ajfa-469	281	28	to	to	ADP
ajfa-469	281	29	ad-10	ad-10	PRON
ajfa-469	281	30	)	)	PUNCT
ajfa-469	281	31	period	period	NOUN
ajfa-469	281	32	with	with	ADP
ajfa-469	281	33	(	(	PUNCT
ajfa-469	281	34	ed+10	ed+10	NOUN
ajfa-469	281	35	to	to	ADP
ajfa-469	281	36	ed+60	ed+60	ADJ
ajfa-469	281	37	)	)	PUNCT
ajfa-469	281	38	period	period	NOUN
ajfa-469	281	39	.	.	PUNCT
ajfa-469	282	1	whereas	whereas	SCONJ
ajfa-469	282	2	chen	chen	PROPN
ajfa-469	282	3	et	et	PROPN
ajfa-469	282	4	al(2004	al(2004	PROPN
ajfa-469	282	5	)	)	PUNCT
ajfa-469	282	6	used	use	VERB
ajfa-469	282	7	ed+60	ed+60	PROPN
ajfa-469	282	8	as	as	ADP
ajfa-469	282	9	the	the	DET
ajfa-469	282	10	starting	starting	NOUN
ajfa-469	282	11	point	point	NOUN
ajfa-469	282	12	for	for	ADP
ajfa-469	282	13	steady	steady	ADJ
ajfa-469	282	14	state	state	NOUN
ajfa-469	282	15	studies	study	NOUN
ajfa-469	282	16	.	.	PUNCT
ajfa-469	283	1	in	in	ADP
ajfa-469	283	2	this	this	DET
ajfa-469	283	3	study	study	NOUN
ajfa-469	283	4	ed+30	ed+30	NOUN
ajfa-469	283	5	to	to	ADP
ajfa-469	283	6	ed+60	ed+60	ADJ
ajfa-469	283	7	period	period	NOUN
ajfa-469	283	8	is	be	AUX
ajfa-469	283	9	used	use	VERB
ajfa-469	283	10	because	because	SCONJ
ajfa-469	283	11	not	not	PART
ajfa-469	283	12	only	only	ADV
ajfa-469	283	13	it	it	PRON
ajfa-469	283	14	is	be	AUX
ajfa-469	283	15	sufficiently	sufficiently	ADV
ajfa-469	283	16	distant	distant	ADJ
ajfa-469	283	17	from	from	ADP
ajfa-469	283	18	the	the	DET
ajfa-469	283	19	event	event	NOUN
ajfa-469	283	20	so	so	SCONJ
ajfa-469	283	21	as	as	SCONJ
ajfa-469	283	22	to	to	PART
ajfa-469	283	23	have	have	AUX
ajfa-469	283	24	reached	reach	VERB
ajfa-469	283	25	steady	steady	ADJ
ajfa-469	283	26	state	state	NOUN
ajfa-469	283	27	but	but	CCONJ
ajfa-469	283	28	also	also	ADV
ajfa-469	283	29	it	it	PRON
ajfa-469	283	30	is	be	AUX
ajfa-469	283	31	not	not	PART
ajfa-469	283	32	too	too	ADV
ajfa-469	283	33	much	much	ADV
ajfa-469	283	34	farther	farth	ADJ
ajfa-469	283	35	otherwise	otherwise	ADV
ajfa-469	283	36	other	other	ADJ
ajfa-469	283	37	corporate	corporate	ADJ
ajfa-469	283	38	events	event	NOUN
ajfa-469	283	39	might	might	AUX
ajfa-469	283	40	vitiate	vitiate	VERB
ajfa-469	283	41	the	the	DET
ajfa-469	283	42	results	result	NOUN
ajfa-469	283	43	.	.	PUNCT
ajfa-469	284	1	asian	asian	ADJ
ajfa-469	284	2	journal	journal	PROPN
ajfa-469	284	3	of	of	ADP
ajfa-469	284	4	finance	finance	PROPN
ajfa-469	284	5	&	&	CCONJ
ajfa-469	284	6	accounting	accounting	PROPN
ajfa-469	284	7	issn	issn	PROPN
ajfa-469	284	8	1946	1946	NUM
ajfa-469	284	9	-	-	PUNCT
ajfa-469	284	10	052x	052x	NOUN
ajfa-469	284	11	2010	2010	NUM
ajfa-469	284	12	,	,	PUNCT
ajfa-469	284	13	vol	vol	NOUN
ajfa-469	284	14	.	.	PROPN
ajfa-469	284	15	2	2	NUM
ajfa-469	284	16	,	,	PUNCT
ajfa-469	284	17	no	no	INTJ
ajfa-469	284	18	.	.	NOUN
ajfa-469	284	19	2	2	NUM
ajfa-469	284	20	:	:	PUNCT
ajfa-469	284	21	e4	e4	PROPN
ajfa-469	284	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	284	23	71	71	NUM
ajfa-469	284	24	table	table	NOUN
ajfa-469	284	25	6	6	NUM
ajfa-469	284	26	long	long	ADJ
ajfa-469	284	27	term	term	NOUN
ajfa-469	284	28	window12	window12	NOUN
ajfa-469	284	29	variable	variable	ADJ
ajfa-469	284	30	mean	mean	NOUN
ajfa-469	284	31	control	control	NOUN
ajfa-469	284	32	mean	mean	VERB
ajfa-469	284	33	%	%	NOUN
ajfa-469	284	34	of	of	ADP
ajfa-469	284	35	stocks	stock	NOUN
ajfa-469	284	36	where	where	SCONJ
ajfa-469	284	37	variable	variable	NOUN
ajfa-469	284	38	>	>	X
ajfa-469	284	39	1	1	NUM
ajfa-469	284	40	for	for	ADP
ajfa-469	284	41	ratios	ratio	NOUN
ajfa-469	284	42	and	and	CCONJ
ajfa-469	284	43	>	>	X
ajfa-469	284	44	0	0	NUM
ajfa-469	284	45	for	for	ADP
ajfa-469	284	46	car	car	NOUN
ajfa-469	284	47	median	median	NOUN
ajfa-469	284	48	car	car	NOUN
ajfa-469	284	49	3.07	3.07	NUM
ajfa-469	284	50	%	%	NOUN
ajfa-469	284	51	na	na	NOUN
ajfa-469	284	52	53	53	NUM
ajfa-469	284	53	%	%	NOUN
ajfa-469	284	54	2.10	2.10	NUM
ajfa-469	284	55	%	%	NOUN
ajfa-469	284	56	t	t	NOUN
ajfa-469	284	57	-	-	PUNCT
ajfa-469	284	58	stat	stat	NOUN
ajfa-469	284	59	1.420	1.420	NUM
ajfa-469	284	60	*	*	NOUN
ajfa-469	284	61	na	na	PART
ajfa-469	284	62	volume	volume	VERB
ajfa-469	284	63	ratio	ratio	NOUN
ajfa-469	284	64	1.71	1.71	NUM
ajfa-469	284	65	1.14	1.14	NUM
ajfa-469	284	66	44	44	NUM
ajfa-469	284	67	%	%	NOUN
ajfa-469	284	68	0.925	0.925	NUM
ajfa-469	284	69	t	t	PROPN
ajfa-469	284	70	-	-	PUNCT
ajfa-469	284	71	stat	stat	NOUN
ajfa-469	284	72	2.006	2.006	NUM
ajfa-469	284	73	*	*	SYM
ajfa-469	284	74	*	*	PROPN
ajfa-469	284	75	1.001	1.001	NUM
ajfa-469	284	76	liquidity	liquidity	NOUN
ajfa-469	284	77	ratio	ratio	NOUN
ajfa-469	284	78	1.59	1.59	NUM
ajfa-469	284	79	1.24	1.24	NUM
ajfa-469	284	80	58	58	NUM
ajfa-469	284	81	%	%	NOUN
ajfa-469	284	82	1.11	1.11	NUM
ajfa-469	284	83	t	t	NOUN
ajfa-469	284	84	-	-	PUNCT
ajfa-469	284	85	stat	stat	NOUN
ajfa-469	284	86	2.485	2.485	NUM
ajfa-469	284	87	*	*	PUNCT
ajfa-469	284	88	*	*	PUNCT
ajfa-469	284	89	*	*	PUNCT
ajfa-469	284	90	1.935	1.935	NUM
ajfa-469	284	91	*	*	NOUN
ajfa-469	284	92	*	*	PUNCT
ajfa-469	284	93	long	long	ADJ
ajfa-469	284	94	term	term	NOUN
ajfa-469	284	95	window	window	NOUN
ajfa-469	284	96	represents	represent	VERB
ajfa-469	284	97	ed+30	ed+30	PROPN
ajfa-469	284	98	to	to	ADP
ajfa-469	284	99	ed+60	ed+60	PROPN
ajfa-469	284	100	for	for	ADP
ajfa-469	284	101	the	the	DET
ajfa-469	284	102	stocks	stock	NOUN
ajfa-469	284	103	added	add	VERB
ajfa-469	284	104	to	to	ADP
ajfa-469	284	105	nifty	nifty	ADJ
ajfa-469	284	106	index	index	NOUN
ajfa-469	284	107	between	between	ADP
ajfa-469	284	108	1999	1999	NUM
ajfa-469	284	109	-	-	SYM
ajfa-469	284	110	2010	2010	NUM
ajfa-469	284	111	.	.	PUNCT
ajfa-469	285	1	complete	complete	ADJ
ajfa-469	285	2	sample	sample	NOUN
ajfa-469	285	3	,	,	PUNCT
ajfa-469	285	4	n=38	n=38	NOUN
ajfa-469	285	5	.	.	PUNCT
ajfa-469	286	1	control	control	PROPN
ajfa-469	286	2	mean	mean	PROPN
ajfa-469	286	3	is	be	AUX
ajfa-469	286	4	calculated	calculate	VERB
ajfa-469	286	5	after	after	ADP
ajfa-469	286	6	removing	remove	VERB
ajfa-469	286	7	the	the	DET
ajfa-469	286	8	top	top	ADJ
ajfa-469	286	9	3	3	NUM
ajfa-469	286	10	outliers	outlier	NOUN
ajfa-469	286	11	on	on	ADP
ajfa-469	286	12	the	the	DET
ajfa-469	286	13	higher	high	ADJ
ajfa-469	286	14	side	side	NOUN
ajfa-469	286	15	whenever	whenever	SCONJ
ajfa-469	286	16	both	both	DET
ajfa-469	286	17	the	the	DET
ajfa-469	286	18	%	%	NOUN
ajfa-469	286	19	of	of	ADP
ajfa-469	286	20	stocks	stock	NOUN
ajfa-469	286	21	where	where	SCONJ
ajfa-469	286	22	vr	vr	PROPN
ajfa-469	286	23	>	>	X
ajfa-469	286	24	1	1	NUM
ajfa-469	286	25	or	or	CCONJ
ajfa-469	286	26	car>0	car>0	PROPN
ajfa-469	286	27	is	be	AUX
ajfa-469	286	28	less	less	ADJ
ajfa-469	286	29	than	than	ADP
ajfa-469	286	30	50	50	NUM
ajfa-469	286	31	%	%	NOUN
ajfa-469	286	32	and	and	CCONJ
ajfa-469	286	33	the	the	DET
ajfa-469	286	34	median	median	ADJ
ajfa-469	286	35	values	value	NOUN
ajfa-469	286	36	suggest	suggest	VERB
ajfa-469	286	37	that	that	SCONJ
ajfa-469	286	38	few	few	ADJ
ajfa-469	286	39	stocks	stock	NOUN
ajfa-469	286	40	influence	influence	VERB
ajfa-469	286	41	the	the	DET
ajfa-469	286	42	mean	mean	NOUN
ajfa-469	286	43	.	.	PUNCT
ajfa-469	287	1	one	one	NUM
ajfa-469	287	2	-	-	PUNCT
ajfa-469	287	3	tailed	tail	VERB
ajfa-469	287	4	t	t	NOUN
ajfa-469	287	5	-	-	PUNCT
ajfa-469	287	6	test	test	NOUN
ajfa-469	287	7	to	to	PART
ajfa-469	287	8	test	test	VERB
ajfa-469	287	9	whether	whether	SCONJ
ajfa-469	287	10	the	the	DET
ajfa-469	287	11	mean	mean	NOUN
ajfa-469	287	12	is	be	AUX
ajfa-469	287	13	greater	great	ADJ
ajfa-469	287	14	than	than	ADP
ajfa-469	287	15	'	'	PUNCT
ajfa-469	287	16	0	0	NUM
ajfa-469	287	17	'	'	PUNCT
ajfa-469	287	18	or	or	CCONJ
ajfa-469	287	19	the	the	DET
ajfa-469	287	20	ratios	ratio	NOUN
ajfa-469	287	21	are	be	AUX
ajfa-469	287	22	greater	great	ADJ
ajfa-469	287	23	than	than	ADP
ajfa-469	287	24	'	'	PUNCT
ajfa-469	287	25	1	1	NUM
ajfa-469	287	26	'	'	NUM
ajfa-469	287	27	.	.	PUNCT
ajfa-469	288	1	*	*	PUNCT
ajfa-469	288	2	*	*	PUNCT
ajfa-469	288	3	*	*	PUNCT
ajfa-469	288	4	,	,	PUNCT
ajfa-469	288	5	*	*	PUNCT
ajfa-469	288	6	*	*	PUNCT
ajfa-469	288	7	,	,	PUNCT
ajfa-469	288	8	*	*	PUNCT
ajfa-469	288	9	denotes	denote	NOUN
ajfa-469	288	10	significance	significance	NOUN
ajfa-469	288	11	at	at	ADP
ajfa-469	288	12	1%,5%,10	1%,5%,10	NUM
ajfa-469	288	13	%	%	NOUN
ajfa-469	288	14	level	level	NOUN
ajfa-469	288	15	.	.	PUNCT
ajfa-469	289	1	table	table	NOUN
ajfa-469	289	2	6	6	NUM
ajfa-469	289	3	reports	report	VERB
ajfa-469	289	4	the	the	DET
ajfa-469	289	5	results	result	NOUN
ajfa-469	289	6	for	for	ADP
ajfa-469	289	7	the	the	DET
ajfa-469	289	8	long	long	ADJ
ajfa-469	289	9	term	term	NOUN
ajfa-469	289	10	window	window	NOUN
ajfa-469	289	11	.	.	PUNCT
ajfa-469	290	1	car	car	NOUN
ajfa-469	290	2	,	,	PUNCT
ajfa-469	290	3	volume	volume	NOUN
ajfa-469	290	4	ratio	ratio	NOUN
ajfa-469	290	5	and	and	CCONJ
ajfa-469	290	6	liquidity	liquidity	NOUN
ajfa-469	290	7	ratio	ratio	NOUN
ajfa-469	290	8	are	be	AUX
ajfa-469	290	9	significant	significant	ADJ
ajfa-469	290	10	at	at	ADP
ajfa-469	290	11	10	10	NUM
ajfa-469	290	12	%	%	NOUN
ajfa-469	290	13	,	,	PUNCT
ajfa-469	290	14	5	5	NUM
ajfa-469	290	15	%	%	NOUN
ajfa-469	290	16	and	and	CCONJ
ajfa-469	290	17	1	1	NUM
ajfa-469	290	18	%	%	NOUN
ajfa-469	290	19	level	level	NOUN
ajfa-469	290	20	respectively	respectively	ADV
ajfa-469	290	21	.	.	PUNCT
ajfa-469	291	1	but	but	CCONJ
ajfa-469	291	2	the	the	DET
ajfa-469	291	3	median	median	ADJ
ajfa-469	291	4	value	value	NOUN
ajfa-469	291	5	being	be	AUX
ajfa-469	291	6	less	less	ADJ
ajfa-469	291	7	than	than	ADP
ajfa-469	291	8	one	one	NUM
ajfa-469	291	9	and	and	CCONJ
ajfa-469	291	10	the	the	DET
ajfa-469	291	11	percentage	percentage	NOUN
ajfa-469	291	12	of	of	ADP
ajfa-469	291	13	stocks	stock	NOUN
ajfa-469	291	14	with	with	ADP
ajfa-469	291	15	vr>1	vr>1	NOUN
ajfa-469	291	16	being	be	AUX
ajfa-469	291	17	only	only	ADV
ajfa-469	291	18	44	44	NUM
ajfa-469	291	19	%	%	NOUN
ajfa-469	291	20	suggests	suggest	VERB
ajfa-469	291	21	that	that	SCONJ
ajfa-469	291	22	few	few	ADJ
ajfa-469	291	23	outliers	outlier	NOUN
ajfa-469	291	24	are	be	AUX
ajfa-469	291	25	influencing	influence	VERB
ajfa-469	291	26	the	the	DET
ajfa-469	291	27	result	result	NOUN
ajfa-469	291	28	as	as	ADV
ajfa-469	291	29	far	far	ADV
ajfa-469	291	30	as	as	SCONJ
ajfa-469	291	31	the	the	DET
ajfa-469	291	32	vr	vr	NOUN
ajfa-469	291	33	is	be	AUX
ajfa-469	291	34	concerned	concern	VERB
ajfa-469	291	35	.	.	PUNCT
ajfa-469	292	1	as	as	SCONJ
ajfa-469	292	2	explained	explain	VERB
ajfa-469	292	3	in	in	ADP
ajfa-469	292	4	section	section	NOUN
ajfa-469	292	5	4.3	4.3	NUM
ajfa-469	292	6	,	,	PUNCT
ajfa-469	292	7	a	a	DET
ajfa-469	292	8	control	control	NOUN
ajfa-469	292	9	mean	mean	NOUN
ajfa-469	292	10	was	be	AUX
ajfa-469	292	11	calculated	calculate	VERB
ajfa-469	292	12	for	for	ADP
ajfa-469	292	13	vr	vr	PROPN
ajfa-469	292	14	which	which	PRON
ajfa-469	292	15	was	be	AUX
ajfa-469	292	16	not	not	PART
ajfa-469	292	17	significant	significant	ADJ
ajfa-469	292	18	even	even	ADV
ajfa-469	292	19	at	at	ADP
ajfa-469	292	20	10	10	NUM
ajfa-469	292	21	%	%	NOUN
ajfa-469	292	22	level	level	NOUN
ajfa-469	292	23	.	.	PUNCT
ajfa-469	293	1	it	it	PRON
ajfa-469	293	2	is	be	AUX
ajfa-469	293	3	seen	see	VERB
ajfa-469	293	4	that	that	SCONJ
ajfa-469	293	5	for	for	ADP
ajfa-469	293	6	stocks	stock	NOUN
ajfa-469	293	7	included	include	VERB
ajfa-469	293	8	in	in	ADP
ajfa-469	293	9	the	the	DET
ajfa-469	293	10	index	index	NOUN
ajfa-469	293	11	the	the	DET
ajfa-469	293	12	long	long	ADJ
ajfa-469	293	13	run	run	NOUN
ajfa-469	293	14	window	window	NOUN
ajfa-469	293	15	car	car	NOUN
ajfa-469	293	16	is	be	AUX
ajfa-469	293	17	statistically	statistically	ADV
ajfa-469	293	18	and	and	CCONJ
ajfa-469	293	19	economically	economically	ADV
ajfa-469	293	20	significant	significant	ADJ
ajfa-469	293	21	.	.	PUNCT
ajfa-469	294	1	the	the	DET
ajfa-469	294	2	increase	increase	NOUN
ajfa-469	294	3	in	in	ADP
ajfa-469	294	4	liquidity	liquidity	NOUN
ajfa-469	294	5	is	be	AUX
ajfa-469	294	6	even	even	ADV
ajfa-469	294	7	more	more	ADV
ajfa-469	294	8	significant	significant	ADJ
ajfa-469	294	9	because	because	SCONJ
ajfa-469	294	10	the	the	PRON
ajfa-469	294	11	buy	buy	NOUN
ajfa-469	294	12	and	and	CCONJ
ajfa-469	294	13	hold	hold	VERB
ajfa-469	294	14	action	action	NOUN
ajfa-469	294	15	of	of	ADP
ajfa-469	294	16	index	index	NOUN
ajfa-469	294	17	funds	fund	NOUN
ajfa-469	294	18	around	around	ADP
ajfa-469	294	19	ed	ed	NOUN
ajfa-469	294	20	should	should	AUX
ajfa-469	294	21	theoretically	theoretically	ADV
ajfa-469	294	22	reduce	reduce	VERB
ajfa-469	294	23	liquidity	liquidity	NOUN
ajfa-469	294	24	.	.	PUNCT
ajfa-469	295	1	though	though	SCONJ
ajfa-469	295	2	liquidity	liquidity	NOUN
ajfa-469	295	3	is	be	AUX
ajfa-469	295	4	one	one	NUM
ajfa-469	295	5	of	of	ADP
ajfa-469	295	6	the	the	DET
ajfa-469	295	7	nifty	nifty	ADJ
ajfa-469	295	8	addition	addition	NOUN
ajfa-469	295	9	criteria	criterion	NOUN
ajfa-469	295	10	,	,	PUNCT
ajfa-469	295	11	this	this	DET
ajfa-469	295	12	study	study	NOUN
ajfa-469	295	13	compares	compare	VERB
ajfa-469	295	14	post	post	NOUN
ajfa-469	295	15	addition	addition	NOUN
ajfa-469	295	16	liquidity	liquidity	NOUN
ajfa-469	295	17	is	be	AUX
ajfa-469	295	18	compared	compare	VERB
ajfa-469	295	19	with	with	ADP
ajfa-469	295	20	liquidity	liquidity	NOUN
ajfa-469	295	21	just	just	ADV
ajfa-469	295	22	before	before	ADP
ajfa-469	295	23	announcement	announcement	NOUN
ajfa-469	295	24	.	.	PUNCT
ajfa-469	296	1	this	this	PRON
ajfa-469	296	2	makes	make	VERB
ajfa-469	296	3	the	the	DET
ajfa-469	296	4	significant	significant	ADJ
ajfa-469	296	5	increase	increase	NOUN
ajfa-469	296	6	in	in	ADP
ajfa-469	296	7	liquidity	liquidity	NOUN
ajfa-469	296	8	in	in	ADP
ajfa-469	296	9	the	the	DET
ajfa-469	296	10	long	long	ADJ
ajfa-469	296	11	run	run	NOUN
ajfa-469	296	12	window	window	NOUN
ajfa-469	296	13	all	all	DET
ajfa-469	296	14	the	the	PRON
ajfa-469	296	15	more	more	ADV
ajfa-469	296	16	interesting	interesting	ADJ
ajfa-469	296	17	.	.	PUNCT
ajfa-469	297	1	according	accord	VERB
ajfa-469	297	2	to	to	ADP
ajfa-469	297	3	chen	chen	PROPN
ajfa-469	297	4	et	et	PROPN
ajfa-469	297	5	al	al	PROPN
ajfa-469	297	6	(	(	PUNCT
ajfa-469	297	7	2004	2004	NUM
ajfa-469	297	8	)	)	PUNCT
ajfa-469	297	9	,	,	PUNCT
ajfa-469	297	10	liquidity	liquidity	NOUN
ajfa-469	297	11	can	can	AUX
ajfa-469	297	12	improve	improve	VERB
ajfa-469	297	13	without	without	ADP
ajfa-469	297	14	information	information	NOUN
ajfa-469	297	15	production	production	NOUN
ajfa-469	297	16	if	if	SCONJ
ajfa-469	297	17	there	there	PRON
ajfa-469	297	18	is	be	VERB
ajfa-469	297	19	a	a	DET
ajfa-469	297	20	corresponding	corresponding	ADJ
ajfa-469	297	21	increase	increase	NOUN
ajfa-469	297	22	in	in	ADP
ajfa-469	297	23	volume	volume	NOUN
ajfa-469	297	24	.	.	PUNCT
ajfa-469	298	1	in	in	ADP
ajfa-469	298	2	this	this	DET
ajfa-469	298	3	case	case	NOUN
ajfa-469	298	4	,	,	PUNCT
ajfa-469	298	5	though	though	SCONJ
ajfa-469	298	6	there	there	PRON
ajfa-469	298	7	is	be	VERB
ajfa-469	298	8	clear	clear	ADJ
ajfa-469	298	9	evidence	evidence	NOUN
ajfa-469	298	10	towards	towards	ADP
ajfa-469	298	11	liquidity	liquidity	NOUN
ajfa-469	298	12	improvement	improvement	NOUN
ajfa-469	298	13	subsequent	subsequent	ADJ
ajfa-469	298	14	to	to	ADP
ajfa-469	298	15	inclusion	inclusion	NOUN
ajfa-469	298	16	,	,	PUNCT
ajfa-469	298	17	corresponding	correspond	VERB
ajfa-469	298	18	increase	increase	NOUN
ajfa-469	298	19	in	in	ADP
ajfa-469	298	20	volume	volume	NOUN
ajfa-469	298	21	is	be	AUX
ajfa-469	298	22	not	not	PART
ajfa-469	298	23	supported	support	VERB
ajfa-469	298	24	.	.	PUNCT
ajfa-469	299	1	this	this	DET
ajfa-469	299	2	result	result	NOUN
ajfa-469	299	3	supports	support	VERB
ajfa-469	299	4	the	the	DET
ajfa-469	299	5	information	information	NOUN
ajfa-469	299	6	assertion	assertion	NOUN
ajfa-469	299	7	around	around	ADP
ajfa-469	299	8	index	index	NOUN
ajfa-469	299	9	announcements	announcement	NOUN
ajfa-469	299	10	in	in	ADP
ajfa-469	299	11	the	the	DET
ajfa-469	299	12	nifty	nifty	ADJ
ajfa-469	299	13	additions	addition	NOUN
ajfa-469	299	14	.	.	PUNCT
ajfa-469	300	1	the	the	DET
ajfa-469	300	2	long	long	ADJ
ajfa-469	300	3	term	term	NOUN
ajfa-469	300	4	improvement	improvement	NOUN
ajfa-469	300	5	in	in	ADP
ajfa-469	300	6	liquidity	liquidity	NOUN
ajfa-469	300	7	for	for	ADP
ajfa-469	300	8	added	add	VERB
ajfa-469	300	9	firms	firm	NOUN
ajfa-469	300	10	is	be	AUX
ajfa-469	300	11	similar	similar	ADJ
ajfa-469	300	12	to	to	ADP
ajfa-469	300	13	chen	chen	PROPN
ajfa-469	300	14	et	et	PROPN
ajfa-469	300	15	al(2004	al(2004	PROPN
ajfa-469	300	16	)	)	PUNCT
ajfa-469	300	17	in	in	ADP
ajfa-469	300	18	the	the	DET
ajfa-469	300	19	us	us	PROPN
ajfa-469	300	20	stock	stock	NOUN
ajfa-469	300	21	market	market	NOUN
ajfa-469	300	22	.	.	PUNCT
ajfa-469	301	1	li	li	PROPN
ajfa-469	301	2	and	and	CCONJ
ajfa-469	301	3	sadeghi(2009	sadeghi(2009	NUM
ajfa-469	301	4	)	)	PUNCT
ajfa-469	301	5	and	and	CCONJ
ajfa-469	301	6	hacibedel(2008	hacibedel(2008	NOUN
ajfa-469	301	7	)	)	PUNCT
ajfa-469	301	8	analysing	analyse	VERB
ajfa-469	301	9	the	the	DET
ajfa-469	301	10	emerging	emerge	VERB
ajfa-469	301	11	markets	market	NOUN
ajfa-469	301	12	evidence	evidence	VERB
ajfa-469	301	13	significant	significant	ADJ
ajfa-469	301	14	long	long	ADJ
ajfa-469	301	15	term	term	NOUN
ajfa-469	301	16	improvement	improvement	NOUN
ajfa-469	301	17	in	in	ADP
ajfa-469	301	18	liquidity	liquidity	NOUN
ajfa-469	301	19	.	.	PUNCT
ajfa-469	302	1	12	12	NUM
ajfa-469	302	2	for	for	ADP
ajfa-469	302	3	the	the	DET
ajfa-469	302	4	‘	'	PUNCT
ajfa-469	302	5	long	long	ADJ
ajfa-469	302	6	term	term	NOUN
ajfa-469	302	7	window	window	NOUN
ajfa-469	302	8	’	'	PUNCT
ajfa-469	302	9	,	,	PUNCT
ajfa-469	302	10	instead	instead	ADV
ajfa-469	302	11	of	of	ADP
ajfa-469	302	12	kotak	kotak	PROPN
ajfa-469	302	13	bank	bank	PROPN
ajfa-469	302	14	,	,	PUNCT
ajfa-469	302	15	data	datum	NOUN
ajfa-469	302	16	of	of	ADP
ajfa-469	302	17	reliance	reliance	NOUN
ajfa-469	302	18	capital	capital	NOUN
ajfa-469	302	19	was	be	AUX
ajfa-469	302	20	used	use	VERB
ajfa-469	302	21	.	.	PUNCT
ajfa-469	303	1	the	the	DET
ajfa-469	303	2	reliance	reliance	NOUN
ajfa-469	303	3	capital	capital	PROPN
ajfa-469	303	4	stock	stock	PROPN
ajfa-469	303	5	data	datum	NOUN
ajfa-469	303	6	was	be	AUX
ajfa-469	303	7	not	not	PART
ajfa-469	303	8	used	use	VERB
ajfa-469	303	9	in	in	ADP
ajfa-469	303	10	the	the	DET
ajfa-469	303	11	other	other	ADJ
ajfa-469	303	12	tests	test	NOUN
ajfa-469	303	13	in	in	ADP
ajfa-469	303	14	this	this	DET
ajfa-469	303	15	study	study	NOUN
ajfa-469	303	16	as	as	SCONJ
ajfa-469	303	17	it	it	PRON
ajfa-469	303	18	did	do	AUX
ajfa-469	303	19	not	not	PART
ajfa-469	303	20	have	have	VERB
ajfa-469	303	21	even	even	ADV
ajfa-469	303	22	two	two	NUM
ajfa-469	303	23	trading	trading	NOUN
ajfa-469	303	24	days	day	NOUN
ajfa-469	303	25	between	between	ADP
ajfa-469	303	26	ad	ad	NOUN
ajfa-469	303	27	and	and	CCONJ
ajfa-469	303	28	ed	ed	NOUN
ajfa-469	303	29	.	.	PUNCT
ajfa-469	304	1	this	this	DET
ajfa-469	304	2	adjustment	adjustment	NOUN
ajfa-469	304	3	was	be	AUX
ajfa-469	304	4	done	do	VERB
ajfa-469	304	5	as	as	SCONJ
ajfa-469	304	6	stocks	stock	NOUN
ajfa-469	304	7	are	be	AUX
ajfa-469	304	8	studied	study	VERB
ajfa-469	304	9	after	after	SCONJ
ajfa-469	304	10	steady	steady	ADJ
ajfa-469	304	11	state	state	NOUN
ajfa-469	304	12	has	have	AUX
ajfa-469	304	13	been	be	AUX
ajfa-469	304	14	reached	reach	VERB
ajfa-469	304	15	for	for	ADP
ajfa-469	304	16	this	this	DET
ajfa-469	304	17	window	window	NOUN
ajfa-469	304	18	.	.	PUNCT
ajfa-469	305	1	hence	hence	ADV
ajfa-469	305	2	n=38	n=38	ADV
ajfa-469	305	3	for	for	ADP
ajfa-469	305	4	that	that	DET
ajfa-469	305	5	window	window	NOUN
ajfa-469	305	6	.	.	PUNCT
ajfa-469	306	1	asian	asian	ADJ
ajfa-469	306	2	journal	journal	PROPN
ajfa-469	306	3	of	of	ADP
ajfa-469	306	4	finance	finance	PROPN
ajfa-469	306	5	&	&	CCONJ
ajfa-469	306	6	accounting	accounting	PROPN
ajfa-469	306	7	issn	issn	PROPN
ajfa-469	306	8	1946	1946	NUM
ajfa-469	306	9	-	-	PUNCT
ajfa-469	306	10	052x	052x	NOUN
ajfa-469	306	11	2010	2010	NUM
ajfa-469	306	12	,	,	PUNCT
ajfa-469	306	13	vol	vol	NOUN
ajfa-469	306	14	.	.	PROPN
ajfa-469	306	15	2	2	NUM
ajfa-469	306	16	,	,	PUNCT
ajfa-469	306	17	no	no	INTJ
ajfa-469	306	18	.	.	NOUN
ajfa-469	306	19	2	2	NUM
ajfa-469	306	20	:	:	PUNCT
ajfa-469	306	21	e4	e4	PROPN
ajfa-469	306	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	306	23	72	72	NUM
ajfa-469	306	24	4.6	4.6	NUM
ajfa-469	306	25	the	the	DET
ajfa-469	306	26	regression	regression	NOUN
ajfa-469	306	27	results	result	VERB
ajfa-469	306	28	the	the	DET
ajfa-469	306	29	earlier	early	ADJ
ajfa-469	306	30	results	result	NOUN
ajfa-469	306	31	in	in	ADP
ajfa-469	306	32	this	this	DET
ajfa-469	306	33	study	study	NOUN
ajfa-469	306	34	have	have	AUX
ajfa-469	306	35	evidenced	evidence	VERB
ajfa-469	306	36	the	the	DET
ajfa-469	306	37	presence	presence	NOUN
ajfa-469	306	38	of	of	ADP
ajfa-469	306	39	significant	significant	ADJ
ajfa-469	306	40	‘	'	PUNCT
ajfa-469	306	41	ad	ad	NOUN
ajfa-469	306	42	effect	effect	NOUN
ajfa-469	306	43	’	'	PUNCT
ajfa-469	306	44	and	and	CCONJ
ajfa-469	306	45	‘	'	PUNCT
ajfa-469	306	46	ed	ed	NOUN
ajfa-469	306	47	effect	effect	NOUN
ajfa-469	306	48	’	'	PUNCT
ajfa-469	306	49	.	.	PUNCT
ajfa-469	307	1	now	now	ADV
ajfa-469	307	2	a	a	DET
ajfa-469	307	3	hitherto	hitherto	NOUN
ajfa-469	307	4	not	not	PART
ajfa-469	307	5	resorted	resort	VERB
ajfa-469	307	6	to	to	ADP
ajfa-469	307	7	technique	technique	NOUN
ajfa-469	307	8	using	use	VERB
ajfa-469	307	9	‘	'	PUNCT
ajfa-469	307	10	dummy	dummy	ADJ
ajfa-469	307	11	’	'	PUNCT
ajfa-469	307	12	variables	variable	NOUN
ajfa-469	307	13	in	in	ADP
ajfa-469	307	14	eq	eq	NOUN
ajfa-469	307	15	(	(	PUNCT
ajfa-469	307	16	5	5	NUM
ajfa-469	307	17	)	)	PUNCT
ajfa-469	307	18	is	be	AUX
ajfa-469	307	19	used	use	VERB
ajfa-469	307	20	to	to	PART
ajfa-469	307	21	confirm	confirm	VERB
ajfa-469	307	22	the	the	DET
ajfa-469	307	23	earlier	early	ADJ
ajfa-469	307	24	results	result	NOUN
ajfa-469	307	25	.	.	PUNCT
ajfa-469	308	1	the	the	DET
ajfa-469	308	2	period	period	NOUN
ajfa-469	308	3	ad-10	ad-10	PRON
ajfa-469	308	4	to	to	ADP
ajfa-469	308	5	ad+20	ad+20	PROPN
ajfa-469	308	6	and	and	CCONJ
ajfa-469	308	7	ed-5	ed-5	PUNCT
ajfa-469	308	8	to	to	ADP
ajfa-469	308	9	ed+30	ed+30	PROPN
ajfa-469	308	10	is	be	AUX
ajfa-469	308	11	considered	consider	VERB
ajfa-469	308	12	for	for	ADP
ajfa-469	308	13	the	the	DET
ajfa-469	308	14	ad	ad	NOUN
ajfa-469	308	15	effect	effect	NOUN
ajfa-469	308	16	and	and	CCONJ
ajfa-469	308	17	ed	ed	NOUN
ajfa-469	308	18	effect	effect	NOUN
ajfa-469	308	19	respectively	respectively	ADV
ajfa-469	308	20	.	.	PUNCT
ajfa-469	309	1	the	the	DET
ajfa-469	309	2	results	result	NOUN
ajfa-469	309	3	in	in	ADP
ajfa-469	309	4	table	table	NOUN
ajfa-469	309	5	7	7	NUM
ajfa-469	309	6	show	show	VERB
ajfa-469	309	7	significant	significant	ADJ
ajfa-469	309	8	slope	slope	NOUN
ajfa-469	309	9	coefficients	coefficient	NOUN
ajfa-469	309	10	for	for	ADP
ajfa-469	309	11	both	both	CCONJ
ajfa-469	309	12	the	the	DET
ajfa-469	309	13	effects	effect	NOUN
ajfa-469	309	14	.	.	PUNCT
ajfa-469	310	1	the	the	DET
ajfa-469	310	2	intercept(not	intercept(not	NOUN
ajfa-469	310	3	shown	show	VERB
ajfa-469	310	4	)	)	PUNCT
ajfa-469	310	5	representing	represent	VERB
ajfa-469	310	6	the	the	DET
ajfa-469	310	7	mean	mean	ADJ
ajfa-469	310	8	value	value	NOUN
ajfa-469	310	9	of	of	ADP
ajfa-469	310	10	abnormal	abnormal	ADJ
ajfa-469	310	11	returns	return	NOUN
ajfa-469	310	12	excluding	exclude	VERB
ajfa-469	310	13	ad+1(ed	ad+1(ed	NOUN
ajfa-469	310	14	)	)	PUNCT
ajfa-469	310	15	for	for	ADP
ajfa-469	310	16	the	the	DET
ajfa-469	310	17	considered	consider	VERB
ajfa-469	310	18	period	period	NOUN
ajfa-469	310	19	was	be	AUX
ajfa-469	310	20	marginally	marginally	ADV
ajfa-469	310	21	negative	negative	ADJ
ajfa-469	310	22	and	and	CCONJ
ajfa-469	310	23	not	not	PART
ajfa-469	310	24	significant	significant	ADJ
ajfa-469	310	25	at	at	ADP
ajfa-469	310	26	any	any	DET
ajfa-469	310	27	level	level	NOUN
ajfa-469	310	28	.	.	PUNCT
ajfa-469	311	1	the	the	DET
ajfa-469	311	2	results	result	NOUN
ajfa-469	311	3	were	be	AUX
ajfa-469	311	4	consistent	consistent	ADJ
ajfa-469	311	5	with	with	ADP
ajfa-469	311	6	the	the	DET
ajfa-469	311	7	earlier	early	ADJ
ajfa-469	311	8	results	result	NOUN
ajfa-469	311	9	for	for	ADP
ajfa-469	311	10	both	both	CCONJ
ajfa-469	311	11	the	the	DET
ajfa-469	311	12	sub	sub	NOUN
ajfa-469	311	13	periods	period	NOUN
ajfa-469	311	14	.	.	PUNCT
ajfa-469	312	1	according	accord	VERB
ajfa-469	312	2	to	to	ADP
ajfa-469	312	3	shiefler	shiefler	NOUN
ajfa-469	312	4	(	(	PUNCT
ajfa-469	312	5	1986	1986	NUM
ajfa-469	312	6	)	)	PUNCT
ajfa-469	312	7	,	,	PUNCT
ajfa-469	312	8	a	a	DET
ajfa-469	312	9	significant	significant	ADJ
ajfa-469	312	10	positive	positive	ADJ
ajfa-469	312	11	slope	slope	NOUN
ajfa-469	312	12	in	in	ADP
ajfa-469	312	13	the	the	DET
ajfa-469	312	14	cross	cross	NOUN
ajfa-469	312	15	sectional	sectional	ADJ
ajfa-469	312	16	regression	regression	NOUN
ajfa-469	312	17	between	between	ADP
ajfa-469	312	18	abnormal	abnormal	ADJ
ajfa-469	312	19	ad	ad	NOUN
ajfa-469	312	20	return	return	NOUN
ajfa-469	312	21	13	13	NUM
ajfa-469	312	22	and	and	CCONJ
ajfa-469	312	23	abnormal	abnormal	ADJ
ajfa-469	312	24	ad	ad	NOUN
ajfa-469	312	25	volume	volume	NOUN
ajfa-469	312	26	is	be	AUX
ajfa-469	312	27	consistent	consistent	ADJ
ajfa-469	312	28	with	with	ADP
ajfa-469	312	29	dsdc	dsdc	NOUN
ajfa-469	312	30	hypothesis	hypothesis	NOUN
ajfa-469	312	31	.	.	PUNCT
ajfa-469	313	1	further	far	ADV
ajfa-469	313	2	,	,	PUNCT
ajfa-469	313	3	shiefler	shiefler	VERB
ajfa-469	313	4	(	(	PUNCT
ajfa-469	313	5	1986	1986	NUM
ajfa-469	313	6	)	)	PUNCT
ajfa-469	313	7	states	state	VERB
ajfa-469	313	8	that	that	SCONJ
ajfa-469	313	9	due	due	ADP
ajfa-469	313	10	to	to	ADP
ajfa-469	313	11	standard	standard	ADJ
ajfa-469	313	12	errors	error	NOUN
ajfa-469	313	13	,	,	PUNCT
ajfa-469	313	14	the	the	DET
ajfa-469	313	15	slope	slope	NOUN
ajfa-469	313	16	co	co	NOUN
ajfa-469	313	17	-	-	ADJ
ajfa-469	313	18	efficient	efficient	ADJ
ajfa-469	313	19	may	may	AUX
ajfa-469	313	20	be	be	AUX
ajfa-469	313	21	biased	bias	VERB
ajfa-469	313	22	towards	towards	ADP
ajfa-469	313	23	zero	zero	NUM
ajfa-469	313	24	and	and	CCONJ
ajfa-469	313	25	hence	hence	ADV
ajfa-469	313	26	suggest	suggest	VERB
ajfa-469	313	27	introducing	introduce	VERB
ajfa-469	313	28	‘	'	PUNCT
ajfa-469	313	29	usual	usual	ADJ
ajfa-469	313	30	volume	volume	NOUN
ajfa-469	313	31	’	'	PUNCT
ajfa-469	313	32	(	(	PUNCT
ajfa-469	313	33	before	before	ADP
ajfa-469	313	34	ad	ad	NOUN
ajfa-469	313	35	volume	volume	NOUN
ajfa-469	313	36	)	)	PUNCT
ajfa-469	313	37	independently	independently	ADV
ajfa-469	313	38	in	in	ADP
ajfa-469	313	39	the	the	DET
ajfa-469	313	40	earlier	early	ADJ
ajfa-469	313	41	regression	regression	NOUN
ajfa-469	313	42	.	.	PUNCT
ajfa-469	314	1	a	a	DET
ajfa-469	314	2	significantly	significantly	ADV
ajfa-469	314	3	positive	positive	ADJ
ajfa-469	314	4	abnormal	abnormal	ADJ
ajfa-469	314	5	volume	volume	NOUN
ajfa-469	314	6	slope	slope	NOUN
ajfa-469	314	7	co	co	ADJ
ajfa-469	314	8	-	-	ADJ
ajfa-469	314	9	efficient	efficient	ADJ
ajfa-469	314	10	and	and	CCONJ
ajfa-469	314	11	significantly	significantly	ADV
ajfa-469	314	12	negative	negative	ADJ
ajfa-469	314	13	usual	usual	ADJ
ajfa-469	314	14	volume	volume	NOUN
ajfa-469	314	15	slope	slope	NOUN
ajfa-469	314	16	co	co	NOUN
ajfa-469	314	17	-	-	ADJ
ajfa-469	314	18	efficient	efficient	ADJ
ajfa-469	314	19	are	be	AUX
ajfa-469	314	20	consistent	consistent	ADJ
ajfa-469	314	21	with	with	ADP
ajfa-469	314	22	dsdc	dsdc	NOUN
ajfa-469	314	23	hypothesis	hypothesis	NOUN
ajfa-469	314	24	.	.	PUNCT
ajfa-469	315	1	the	the	DET
ajfa-469	315	2	regression	regression	NOUN
ajfa-469	315	3	results	result	NOUN
ajfa-469	315	4	are	be	AUX
ajfa-469	315	5	tabulated	tabulate	VERB
ajfa-469	315	6	in	in	ADP
ajfa-469	315	7	the	the	DET
ajfa-469	315	8	table	table	NOUN
ajfa-469	315	9	7	7	NUM
ajfa-469	315	10	.	.	PUNCT
ajfa-469	316	1	the	the	DET
ajfa-469	316	2	results	result	NOUN
ajfa-469	316	3	for	for	ADP
ajfa-469	316	4	eq	eq	NOUN
ajfa-469	316	5	(	(	PUNCT
ajfa-469	316	6	6	6	NUM
ajfa-469	316	7	)	)	PUNCT
ajfa-469	316	8	show	show	VERB
ajfa-469	316	9	that	that	SCONJ
ajfa-469	316	10	even	even	ADV
ajfa-469	316	11	though	though	SCONJ
ajfa-469	316	12	the	the	DET
ajfa-469	316	13	slope	slope	NOUN
ajfa-469	316	14	co	co	NOUN
ajfa-469	316	15	-	-	ADJ
ajfa-469	316	16	efficient	efficient	ADJ
ajfa-469	316	17	is	be	AUX
ajfa-469	316	18	of	of	ADP
ajfa-469	316	19	proper	proper	ADJ
ajfa-469	316	20	sign	sign	NOUN
ajfa-469	316	21	,	,	PUNCT
ajfa-469	316	22	it	it	PRON
ajfa-469	316	23	is	be	AUX
ajfa-469	316	24	not	not	PART
ajfa-469	316	25	significant	significant	ADJ
ajfa-469	316	26	at	at	ADP
ajfa-469	316	27	any	any	DET
ajfa-469	316	28	reasonable	reasonable	ADJ
ajfa-469	316	29	level	level	NOUN
ajfa-469	316	30	of	of	ADP
ajfa-469	316	31	significance	significance	NOUN
ajfa-469	316	32	.	.	PUNCT
ajfa-469	317	1	similarly	similarly	ADV
ajfa-469	317	2	the	the	DET
ajfa-469	317	3	results	result	NOUN
ajfa-469	317	4	for	for	ADP
ajfa-469	317	5	eq	eq	NOUN
ajfa-469	317	6	(	(	PUNCT
ajfa-469	317	7	7	7	NUM
ajfa-469	317	8	)	)	PUNCT
ajfa-469	317	9	show	show	VERB
ajfa-469	317	10	that	that	SCONJ
ajfa-469	317	11	though	though	SCONJ
ajfa-469	317	12	the	the	DET
ajfa-469	317	13	sign	sign	NOUN
ajfa-469	317	14	of	of	ADP
ajfa-469	317	15	the	the	DET
ajfa-469	317	16	co	co	NOUN
ajfa-469	317	17	-	-	NOUN
ajfa-469	317	18	efficients	efficient	NOUN
ajfa-469	317	19	are	be	AUX
ajfa-469	317	20	of	of	ADP
ajfa-469	317	21	the	the	DET
ajfa-469	317	22	expected	expect	VERB
ajfa-469	317	23	sign	sign	NOUN
ajfa-469	317	24	,	,	PUNCT
ajfa-469	317	25	both	both	CCONJ
ajfa-469	317	26	the	the	DET
ajfa-469	317	27	slope	slope	NOUN
ajfa-469	317	28	co	co	NOUN
ajfa-469	317	29	-	-	ADJ
ajfa-469	317	30	efficient	efficient	ADJ
ajfa-469	317	31	are	be	AUX
ajfa-469	317	32	not	not	PART
ajfa-469	317	33	statistically	statistically	ADV
ajfa-469	317	34	significant	significant	ADJ
ajfa-469	317	35	even	even	ADV
ajfa-469	317	36	at	at	ADP
ajfa-469	317	37	10	10	NUM
ajfa-469	317	38	%	%	NOUN
ajfa-469	317	39	level	level	NOUN
ajfa-469	317	40	.	.	PUNCT
ajfa-469	318	1	the	the	DET
ajfa-469	318	2	durbin	durbin	PROPN
ajfa-469	318	3	watson	watson	PROPN
ajfa-469	318	4	statistic	statistic	PROPN
ajfa-469	318	5	(	(	PUNCT
ajfa-469	318	6	dw	dw	NOUN
ajfa-469	318	7	stat	stat	PROPN
ajfa-469	318	8	)	)	PUNCT
ajfa-469	318	9	is	be	AUX
ajfa-469	318	10	closer	close	ADJ
ajfa-469	318	11	to	to	ADP
ajfa-469	318	12	two	two	NUM
ajfa-469	318	13	which	which	PRON
ajfa-469	318	14	suggests	suggest	VERB
ajfa-469	318	15	that	that	SCONJ
ajfa-469	318	16	the	the	DET
ajfa-469	318	17	regression	regression	NOUN
ajfa-469	318	18	error	error	NOUN
ajfa-469	318	19	terms	term	NOUN
ajfa-469	318	20	are	be	AUX
ajfa-469	318	21	not	not	PART
ajfa-469	318	22	correlated	correlate	VERB
ajfa-469	318	23	which	which	PRON
ajfa-469	318	24	is	be	AUX
ajfa-469	318	25	one	one	NUM
ajfa-469	318	26	of	of	ADP
ajfa-469	318	27	the	the	DET
ajfa-469	318	28	assumptions14	assumptions14	NOUN
ajfa-469	318	29	of	of	ADP
ajfa-469	318	30	the	the	DET
ajfa-469	318	31	regression	regression	NOUN
ajfa-469	318	32	.	.	PUNCT
ajfa-469	319	1	further	far	ADV
ajfa-469	319	2	,	,	PUNCT
ajfa-469	319	3	according	accord	VERB
ajfa-469	319	4	to	to	ADP
ajfa-469	319	5	lynch	lynch	PROPN
ajfa-469	319	6	and	and	CCONJ
ajfa-469	319	7	mendenhall	mendenhall	NOUN
ajfa-469	319	8	(	(	PUNCT
ajfa-469	319	9	1997	1997	NUM
ajfa-469	319	10	)	)	PUNCT
ajfa-469	319	11	,	,	PUNCT
ajfa-469	319	12	a	a	DET
ajfa-469	319	13	significantly	significantly	ADV
ajfa-469	319	14	positive	positive	ADJ
ajfa-469	319	15	mean	mean	ADJ
ajfa-469	319	16	car	car	NOUN
ajfa-469	319	17	over	over	ADP
ajfa-469	319	18	the	the	DET
ajfa-469	319	19	run	run	NOUN
ajfa-469	319	20	up	up	ADP
ajfa-469	319	21	window(ad+3	window(ad+3	PROPN
ajfa-469	319	22	to	to	PART
ajfa-469	319	23	ed-1	ed-1	X
ajfa-469	319	24	)	)	PUNCT
ajfa-469	319	25	is	be	AUX
ajfa-469	319	26	supportive	supportive	ADJ
ajfa-469	319	27	of	of	ADP
ajfa-469	319	28	the	the	DET
ajfa-469	319	29	dsdc	dsdc	NOUN
ajfa-469	319	30	hypothesis	hypothesis	NOUN
ajfa-469	319	31	.	.	PUNCT
ajfa-469	320	1	table	table	NOUN
ajfa-469	320	2	3	3	NUM
ajfa-469	320	3	shows	show	VERB
ajfa-469	320	4	that	that	SCONJ
ajfa-469	320	5	the	the	DET
ajfa-469	320	6	run	run	VERB
ajfa-469	320	7	-	-	PUNCT
ajfa-469	320	8	up	up	ADP
ajfa-469	320	9	window	window	NOUN
ajfa-469	320	10	car	car	NOUN
ajfa-469	320	11	for	for	ADP
ajfa-469	320	12	the	the	DET
ajfa-469	320	13	complete	complete	ADJ
ajfa-469	320	14	period	period	NOUN
ajfa-469	320	15	is	be	AUX
ajfa-469	320	16	0.2	0.2	NUM
ajfa-469	320	17	%	%	NOUN
ajfa-469	320	18	,	,	PUNCT
ajfa-469	320	19	which	which	PRON
ajfa-469	320	20	is	be	AUX
ajfa-469	320	21	also	also	ADV
ajfa-469	320	22	not	not	PART
ajfa-469	320	23	significant	significant	ADJ
ajfa-469	320	24	at	at	ADP
ajfa-469	320	25	any	any	DET
ajfa-469	320	26	level	level	NOUN
ajfa-469	320	27	of	of	ADP
ajfa-469	320	28	significance	significance	NOUN
ajfa-469	320	29	.	.	PUNCT
ajfa-469	321	1	13	13	NUM
ajfa-469	321	2	the	the	DET
ajfa-469	321	3	ad	ad	NOUN
ajfa-469	321	4	window	window	NOUN
ajfa-469	321	5	car	car	NOUN
ajfa-469	321	6	was	be	AUX
ajfa-469	321	7	regressed	regress	VERB
ajfa-469	321	8	with	with	ADP
ajfa-469	321	9	three	three	NUM
ajfa-469	321	10	day	day	NOUN
ajfa-469	321	11	ad	ad	NOUN
ajfa-469	321	12	window	window	NOUN
ajfa-469	321	13	abnormal	abnormal	ADJ
ajfa-469	321	14	volume	volume	NOUN
ajfa-469	321	15	which	which	PRON
ajfa-469	321	16	evidenced	evidence	VERB
ajfa-469	321	17	similar	similar	ADJ
ajfa-469	321	18	results	result	NOUN
ajfa-469	321	19	.	.	PUNCT
ajfa-469	322	1	however	however	ADV
ajfa-469	322	2	,	,	PUNCT
ajfa-469	322	3	in	in	ADP
ajfa-469	322	4	deference	deference	NOUN
ajfa-469	322	5	to	to	ADP
ajfa-469	322	6	researchers	researcher	NOUN
ajfa-469	322	7	who	who	PRON
ajfa-469	322	8	have	have	AUX
ajfa-469	322	9	evidenced	evidence	VERB
ajfa-469	322	10	that	that	SCONJ
ajfa-469	322	11	‘	'	PUNCT
ajfa-469	322	12	averaging	average	VERB
ajfa-469	322	13	’	'	PUNCT
ajfa-469	322	14	leads	lead	VERB
ajfa-469	322	15	to	to	ADP
ajfa-469	322	16	spurious	spurious	ADJ
ajfa-469	322	17	autocorrelation	autocorrelation	NOUN
ajfa-469	322	18	,	,	PUNCT
ajfa-469	322	19	the	the	DET
ajfa-469	322	20	same	same	ADJ
ajfa-469	322	21	was	be	AUX
ajfa-469	322	22	not	not	PART
ajfa-469	322	23	shown	show	VERB
ajfa-469	322	24	.	.	PUNCT
ajfa-469	323	1	our	our	PRON
ajfa-469	323	2	stand	stand	NOUN
ajfa-469	323	3	was	be	AUX
ajfa-469	323	4	vindicated	vindicate	VERB
ajfa-469	323	5	when	when	SCONJ
ajfa-469	323	6	the	the	DET
ajfa-469	323	7	dw	dw	PROPN
ajfa-469	323	8	stat	stat	PROPN
ajfa-469	323	9	improved	improve	VERB
ajfa-469	323	10	from	from	ADP
ajfa-469	323	11	an	an	DET
ajfa-469	323	12	acceptable	acceptable	ADJ
ajfa-469	323	13	1.5	1.5	NUM
ajfa-469	323	14	to	to	ADP
ajfa-469	323	15	a	a	DET
ajfa-469	323	16	significant	significant	ADJ
ajfa-469	323	17	1.84	1.84	NUM
ajfa-469	323	18	.	.	PUNCT
ajfa-469	324	1	14	14	NUM
ajfa-469	325	1	if	if	SCONJ
ajfa-469	325	2	this	this	DET
ajfa-469	325	3	assumption	assumption	NOUN
ajfa-469	325	4	is	be	AUX
ajfa-469	325	5	violated	violate	VERB
ajfa-469	325	6	,	,	PUNCT
ajfa-469	325	7	the	the	DET
ajfa-469	325	8	usefulness	usefulness	NOUN
ajfa-469	325	9	of	of	ADP
ajfa-469	325	10	the	the	DET
ajfa-469	325	11	estimated	estimate	VERB
ajfa-469	325	12	regression	regression	NOUN
ajfa-469	325	13	model	model	NOUN
ajfa-469	325	14	is	be	AUX
ajfa-469	325	15	compromised	compromise	VERB
ajfa-469	325	16	.	.	PUNCT
ajfa-469	326	1	asian	asian	ADJ
ajfa-469	326	2	journal	journal	PROPN
ajfa-469	326	3	of	of	ADP
ajfa-469	326	4	finance	finance	PROPN
ajfa-469	326	5	&	&	CCONJ
ajfa-469	326	6	accounting	accounting	PROPN
ajfa-469	326	7	issn	issn	PROPN
ajfa-469	326	8	1946	1946	NUM
ajfa-469	326	9	-	-	PUNCT
ajfa-469	326	10	052x	052x	NOUN
ajfa-469	326	11	2010	2010	NUM
ajfa-469	326	12	,	,	PUNCT
ajfa-469	326	13	vol	vol	NOUN
ajfa-469	326	14	.	.	PROPN
ajfa-469	326	15	2	2	NUM
ajfa-469	326	16	,	,	PUNCT
ajfa-469	326	17	no	no	INTJ
ajfa-469	326	18	.	.	NOUN
ajfa-469	326	19	2	2	NUM
ajfa-469	326	20	:	:	PUNCT
ajfa-469	326	21	e4	e4	PROPN
ajfa-469	326	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	326	23	73	73	NUM
ajfa-469	326	24	table	table	NOUN
ajfa-469	326	25	7	7	NUM
ajfa-469	326	26	.	.	PUNCT
ajfa-469	327	1	the	the	DET
ajfa-469	327	2	regression	regression	NOUN
ajfa-469	327	3	results	result	VERB
ajfa-469	327	4	parameter	parameter	PROPN
ajfa-469	327	5	value	value	NOUN
ajfa-469	327	6	t	t	PROPN
ajfa-469	327	7	-	-	PUNCT
ajfa-469	327	8	stat	stat	NOUN
ajfa-469	327	9	p	p	NOUN
ajfa-469	327	10	-	-	PUNCT
ajfa-469	327	11	value	value	NOUN
ajfa-469	327	12	f	f	NOUN
ajfa-469	327	13	-	-	PUNCT
ajfa-469	327	14	stat	stat	VERB
ajfa-469	327	15	p	p	NOUN
ajfa-469	327	16	-	-	PUNCT
ajfa-469	327	17	value	value	NOUN
ajfa-469	327	18	n	n	CCONJ
ajfa-469	327	19	dependent	dependent	ADJ
ajfa-469	327	20	variable	variable	ADJ
ajfa-469	327	21	ad+1	ad+1	NOUN
ajfa-469	327	22	and	and	CCONJ
ajfa-469	327	23	ed	ed	NOUN
ajfa-469	327	24	separately	separately	ADV
ajfa-469	327	25	–	–	PUNCT
ajfa-469	327	26	eq(5	eq(5	NOUN
ajfa-469	327	27	)	)	PUNCT
ajfa-469	327	28	dummy	dummy	ADJ
ajfa-469	327	29	variable	variable	NOUN
ajfa-469	327	30	ad+1	ad+1	PROPN
ajfa-469	327	31	,	,	PUNCT
ajfa-469	327	32	zi=1	zi=1	PROPN
ajfa-469	327	33	0.018	0.018	NUM
ajfa-469	327	34	3.324	3.324	NUM
ajfa-469	327	35	0.001	0.001	NUM
ajfa-469	327	36	11.047	11.047	NUM
ajfa-469	327	37	0.001	0.001	NUM
ajfa-469	327	38	31	31	NUM
ajfa-469	327	39	ed	ed	NOUN
ajfa-469	327	40	,	,	PUNCT
ajfa-469	327	41	zi=1	zi=1	PROPN
ajfa-469	327	42	0.019	0.019	NUM
ajfa-469	327	43	3.998	3.998	NUM
ajfa-469	327	44	0.000	0.000	NUM
ajfa-469	327	45	15.983	15.983	NUM
ajfa-469	327	46	0.000	0.000	NUM
ajfa-469	327	47	36	36	NUM
ajfa-469	327	48	parameter	parameter	NOUN
ajfa-469	327	49	value	value	NOUN
ajfa-469	327	50	t	t	NOUN
ajfa-469	327	51	-	-	PUNCT
ajfa-469	327	52	stat	stat	NOUN
ajfa-469	327	53	p	p	NOUN
ajfa-469	327	54	-	-	PUNCT
ajfa-469	327	55	value	value	NOUN
ajfa-469	327	56	d	d	NOUN
ajfa-469	327	57	-	-	PUNCT
ajfa-469	327	58	w	w	NOUN
ajfa-469	327	59	stat	stat	PROPN
ajfa-469	327	60	r	r	NOUN
ajfa-469	327	61	-	-	PUNCT
ajfa-469	327	62	sq	sq	ADJ
ajfa-469	327	63	n	n	CCONJ
ajfa-469	327	64	dependent	dependent	ADJ
ajfa-469	327	65	variable	variable	NOUN
ajfa-469	327	66	–	–	PUNCT
ajfa-469	327	67	ad+1	ad+1	PROPN
ajfa-469	327	68	careq	careq	NOUN
ajfa-469	327	69	(	(	PUNCT
ajfa-469	327	70	6	6	NUM
ajfa-469	327	71	)	)	PUNCT
ajfa-469	327	72	intercept	intercept	NOUN
ajfa-469	327	73	0.015	0.015	NUM
ajfa-469	327	74	1.799	1.799	NUM
ajfa-469	327	75	0.080	0.080	NUM
ajfa-469	327	76	1.84	1.84	NUM
ajfa-469	327	77	0.002	0.002	NUM
ajfa-469	327	78	38	38	NUM
ajfa-469	327	79	ad	ad	NOUN
ajfa-469	327	80	ab	ab	PROPN
ajfa-469	327	81	vol	vol	NOUN
ajfa-469	327	82	0.002	0.002	NUM
ajfa-469	327	83	0.501	0.501	NUM
ajfa-469	327	84	0.620	0.620	NUM
ajfa-469	327	85	dependent	dependent	ADJ
ajfa-469	327	86	variable	variable	NOUN
ajfa-469	327	87	–	–	PUNCT
ajfa-469	327	88	ad+1	ad+1	PROPN
ajfa-469	327	89	careq	careq	NOUN
ajfa-469	327	90	(	(	PUNCT
ajfa-469	327	91	7	7	X
ajfa-469	327	92	)	)	PUNCT
ajfa-469	327	93	intercept	intercept	NOUN
ajfa-469	327	94	0.009	0.009	NUM
ajfa-469	327	95	0.866	0.866	NUM
ajfa-469	327	96	0.392	0.392	NUM
ajfa-469	327	97	1.85	1.85	NUM
ajfa-469	327	98	0.017	0.017	NUM
ajfa-469	327	99	38	38	NUM
ajfa-469	327	100	ad	ad	NOUN
ajfa-469	327	101	ab	ab	NOUN
ajfa-469	327	102	vol	vol	NOUN
ajfa-469	327	103	0.002	0.002	NUM
ajfa-469	327	104	0.436	0.436	NUM
ajfa-469	327	105	0.666	0.666	NUM
ajfa-469	327	106	ad	ad	NOUN
ajfa-469	327	107	us	us	PROPN
ajfa-469	327	108	vol	vol	NOUN
ajfa-469	327	109	-0.0004	-0.0004	NOUN
ajfa-469	327	110	-0.044	-0.044	PROPN
ajfa-469	328	1	0.965	0.965	NUM
ajfa-469	328	2	dependent	dependent	ADJ
ajfa-469	328	3	variable	variable	NOUN
ajfa-469	328	4	–	–	PUNCT
ajfa-469	328	5	yearly	yearly	ADJ
ajfa-469	328	6	mean	mean	NOUN
ajfa-469	328	7	ed	ed	NOUN
ajfa-469	328	8	car	car	NOUN
ajfa-469	328	9	intercept	intercept	NOUN
ajfa-469	328	10	0.018	0.018	NUM
ajfa-469	328	11	2.359	2.359	NUM
ajfa-469	328	12	0.046	0.046	NUM
ajfa-469	328	13	1.8	1.8	NUM
ajfa-469	328	14	0.017	0.017	NUM
ajfa-469	328	15	10	10	NUM
ajfa-469	328	16	yearly	yearly	ADJ
ajfa-469	328	17	beta	beta	NOUN
ajfa-469	328	18	change	change	NOUN
ajfa-469	328	19	0.0008	0.0008	NUM
ajfa-469	328	20	0.241	0.241	NUM
ajfa-469	328	21	0.815	0.815	NUM
ajfa-469	328	22	firstly	firstly	ADV
ajfa-469	328	23	,	,	PUNCT
ajfa-469	328	24	regression	regression	NOUN
ajfa-469	328	25	with	with	ADP
ajfa-469	328	26	dummy	dummy	ADJ
ajfa-469	328	27	variables	variable	NOUN
ajfa-469	328	28	is	be	AUX
ajfa-469	328	29	used	use	VERB
ajfa-469	328	30	to	to	PART
ajfa-469	328	31	distinguish	distinguish	VERB
ajfa-469	328	32	between	between	ADP
ajfa-469	328	33	the	the	DET
ajfa-469	328	34	event	event	NOUN
ajfa-469	328	35	days	day	NOUN
ajfa-469	328	36	ad+1	ad+1	ADP
ajfa-469	328	37	abnormal	abnormal	ADJ
ajfa-469	328	38	return	return	NOUN
ajfa-469	328	39	and	and	CCONJ
ajfa-469	328	40	ed	ed	PROPN
ajfa-469	328	41	abnormal	abnormal	ADJ
ajfa-469	328	42	return	return	NOUN
ajfa-469	328	43	separately	separately	ADV
ajfa-469	328	44	with	with	ADP
ajfa-469	328	45	that	that	PRON
ajfa-469	328	46	of	of	ADP
ajfa-469	328	47	other	other	ADJ
ajfa-469	328	48	days	day	NOUN
ajfa-469	328	49	.	.	PUNCT
ajfa-469	329	1	yi	yi	NOUN
ajfa-469	330	1	=	=	PUNCT
ajfa-469	330	2	β0	β0	PROPN
ajfa-469	330	3	+	+	CCONJ
ajfa-469	330	4	β1zi	β1zi	PUNCT
ajfa-469	330	5	+	+	CCONJ
ajfa-469	330	6	εi	εi	NOUN
ajfa-469	330	7	--(5	--(5	NOUN
ajfa-469	330	8	)	)	PUNCT
ajfa-469	330	9	where	where	SCONJ
ajfa-469	330	10	,	,	PUNCT
ajfa-469	330	11	zi	zi	PROPN
ajfa-469	330	12	is	be	AUX
ajfa-469	330	13	‘	'	PUNCT
ajfa-469	330	14	1	1	NUM
ajfa-469	330	15	’	'	PUNCT
ajfa-469	330	16	if	if	SCONJ
ajfa-469	330	17	ad+1	ad+1	PROPN
ajfa-469	330	18	or	or	CCONJ
ajfa-469	330	19	ed	ed	NOUN
ajfa-469	330	20	and	and	CCONJ
ajfa-469	330	21	‘	'	PUNCT
ajfa-469	330	22	0	0	NUM
ajfa-469	330	23	’	'	PUNCT
ajfa-469	330	24	otherwise	otherwise	ADV
ajfa-469	330	25	.	.	PUNCT
ajfa-469	331	1	β1	β1	NOUN
ajfa-469	331	2	measures	measure	VERB
ajfa-469	331	3	the	the	DET
ajfa-469	331	4	difference	difference	NOUN
ajfa-469	331	5	between	between	ADP
ajfa-469	331	6	the	the	DET
ajfa-469	331	7	event	event	NOUN
ajfa-469	331	8	days	day	NOUN
ajfa-469	331	9	and	and	CCONJ
ajfa-469	331	10	other	other	ADJ
ajfa-469	331	11	days	day	NOUN
ajfa-469	331	12	.	.	PUNCT
ajfa-469	332	1	for	for	ADP
ajfa-469	332	2	ad	ad	NOUN
ajfa-469	332	3	and	and	CCONJ
ajfa-469	332	4	ed	ed	NOUN
ajfa-469	332	5	effect	effect	NOUN
ajfa-469	332	6	ad-10	ad-10	PRON
ajfa-469	332	7	to	to	ADP
ajfa-469	332	8	ad+20	ad+20	PROPN
ajfa-469	332	9	and	and	CCONJ
ajfa-469	332	10	ed-5	ed-5	PUNCT
ajfa-469	332	11	to	to	ADP
ajfa-469	332	12	ed+30	ed+30	PROPN
ajfa-469	332	13	were	be	AUX
ajfa-469	332	14	considered	consider	VERB
ajfa-469	332	15	.	.	PUNCT
ajfa-469	333	1	here	here	ADV
ajfa-469	333	2	‘	'	PUNCT
ajfa-469	333	3	n	n	CCONJ
ajfa-469	333	4	’	'	PUNCT
ajfa-469	333	5	represents	represent	VERB
ajfa-469	333	6	the	the	DET
ajfa-469	333	7	number	number	NOUN
ajfa-469	333	8	of	of	ADP
ajfa-469	333	9	days	day	NOUN
ajfa-469	333	10	studied	study	VERB
ajfa-469	333	11	.	.	PUNCT
ajfa-469	334	1	the	the	DET
ajfa-469	334	2	cross	cross	ADJ
ajfa-469	334	3	sectional	sectional	ADJ
ajfa-469	334	4	regressions	regression	NOUN
ajfa-469	334	5	in	in	ADP
ajfa-469	334	6	the	the	DET
ajfa-469	334	7	spirit	spirit	NOUN
ajfa-469	334	8	of	of	ADP
ajfa-469	334	9	shliefer(1986	shliefer(1986	NOUN
ajfa-469	334	10	)	)	PUNCT
ajfa-469	334	11	who	who	PRON
ajfa-469	334	12	regressed	regress	VERB
ajfa-469	334	13	the	the	DET
ajfa-469	334	14	day	day	NOUN
ajfa-469	334	15	‘	'	PUNCT
ajfa-469	334	16	1	1	NUM
ajfa-469	334	17	’	'	PUNCT
ajfa-469	334	18	ad	ad	NOUN
ajfa-469	334	19	abnormal	abnormal	ADJ
ajfa-469	334	20	return	return	NOUN
ajfa-469	334	21	(	(	PUNCT
ajfa-469	334	22	abret	abret	ADJ
ajfa-469	334	23	car	car	NOUN
ajfa-469	334	24	)	)	PUNCT
ajfa-469	334	25	and	and	CCONJ
ajfa-469	334	26	abnormal	abnormal	ADJ
ajfa-469	334	27	volume	volume	NOUN
ajfa-469	334	28	(	(	PUNCT
ajfa-469	334	29	abvol	abvol	NOUN
ajfa-469	334	30	)	)	PUNCT
ajfa-469	334	31	to	to	PART
ajfa-469	334	32	examine	examine	VERB
ajfa-469	334	33	the	the	DET
ajfa-469	334	34	relationship	relationship	NOUN
ajfa-469	334	35	between	between	ADP
ajfa-469	334	36	abnormal	abnormal	ADJ
ajfa-469	334	37	return	return	NOUN
ajfa-469	334	38	and	and	CCONJ
ajfa-469	334	39	abnormal	abnormal	ADJ
ajfa-469	334	40	volume	volume	NOUN
ajfa-469	334	41	as	as	ADP
ajfa-469	334	42	a	a	DET
ajfa-469	334	43	significant	significant	ADJ
ajfa-469	334	44	slope	slope	NOUN
ajfa-469	334	45	co	co	NOUN
ajfa-469	334	46	-	-	ADJ
ajfa-469	334	47	efficient	efficient	ADJ
ajfa-469	334	48	is	be	AUX
ajfa-469	334	49	consistent	consistent	ADJ
ajfa-469	334	50	with	with	ADP
ajfa-469	334	51	downward	downward	ADJ
ajfa-469	334	52	sloping	sloping	NOUN
ajfa-469	334	53	curves	curve	NOUN
ajfa-469	334	54	for	for	ADP
ajfa-469	334	55	the	the	DET
ajfa-469	334	56	added	add	VERB
ajfa-469	334	57	stocks	stock	NOUN
ajfa-469	334	58	.	.	PUNCT
ajfa-469	335	1	here	here	ADV
ajfa-469	335	2	‘	'	PUNCT
ajfa-469	335	3	n	n	CCONJ
ajfa-469	335	4	’	'	PUNCT
ajfa-469	335	5	represents	represent	VERB
ajfa-469	335	6	the	the	DET
ajfa-469	335	7	number	number	NOUN
ajfa-469	335	8	of	of	ADP
ajfa-469	335	9	stocks	stock	NOUN
ajfa-469	335	10	.	.	PUNCT
ajfa-469	336	1	ad	ad	NOUN
ajfa-469	336	2	abret	abret	NOUN
ajfa-469	336	3	car	car	NOUN
ajfa-469	336	4	=	=	PUNCT
ajfa-469	336	5	α	α	PROPN
ajfa-469	336	6	+	+	X
ajfa-469	336	7	ψ	ψ	X
ajfa-469	336	8	*	*	PUNCT
ajfa-469	336	9	ad	ad	NOUN
ajfa-469	336	10	abvol	abvol	NOUN
ajfa-469	336	11	-(6	-(6	PROPN
ajfa-469	336	12	)	)	PUNCT
ajfa-469	336	13	ad	ad	NOUN
ajfa-469	336	14	abret	abret	NOUN
ajfa-469	336	15	car	car	NOUN
ajfa-469	336	16	=	=	PUNCT
ajfa-469	336	17	α	α	PROPN
ajfa-469	336	18	+	+	X
ajfa-469	336	19	ψ	ψ	X
ajfa-469	336	20	*	*	PUNCT
ajfa-469	336	21	ad	ad	NOUN
ajfa-469	336	22	abvol	abvol	NOUN
ajfa-469	336	23	+	+	CCONJ
ajfa-469	336	24	µ	µ	PROPN
ajfa-469	336	25	*	*	PUNCT
ajfa-469	336	26	usvol	usvol	NOUN
ajfa-469	336	27	–	–	PUNCT
ajfa-469	336	28	(	(	PUNCT
ajfa-469	336	29	7	7	NUM
ajfa-469	336	30	)	)	PUNCT
ajfa-469	336	31	where	where	SCONJ
ajfa-469	336	32	,	,	PUNCT
ajfa-469	336	33	abret	abret	NOUN
ajfa-469	336	34	is	be	AUX
ajfa-469	336	35	the	the	DET
ajfa-469	336	36	abnormal	abnormal	ADJ
ajfa-469	336	37	return	return	NOUN
ajfa-469	336	38	,	,	PUNCT
ajfa-469	336	39	abvol	abvol	NOUN
ajfa-469	336	40	is	be	AUX
ajfa-469	336	41	the	the	DET
ajfa-469	336	42	abnormal	abnormal	ADJ
ajfa-469	336	43	volume	volume	NOUN
ajfa-469	336	44	and	and	CCONJ
ajfa-469	336	45	usvol	usvol	NOUN
ajfa-469	336	46	is	be	AUX
ajfa-469	336	47	the	the	DET
ajfa-469	336	48	usual	usual	ADJ
ajfa-469	336	49	volume	volume	NOUN
ajfa-469	336	50	(	(	PUNCT
ajfa-469	336	51	average	average	ADJ
ajfa-469	336	52	vr	vr	NOUN
ajfa-469	336	53	from	from	ADP
ajfa-469	336	54	ad-10	ad-10	PRON
ajfa-469	336	55	to	to	ADP
ajfa-469	336	56	ad-1	ad-1	NUM
ajfa-469	336	57	)	)	PUNCT
ajfa-469	336	58	.	.	PUNCT
ajfa-469	337	1	another	another	DET
ajfa-469	337	2	regression	regression	NOUN
ajfa-469	337	3	for	for	ADP
ajfa-469	337	4	examining	examine	VERB
ajfa-469	337	5	the	the	DET
ajfa-469	337	6	co	co	NOUN
ajfa-469	337	7	-	-	NOUN
ajfa-469	337	8	movement	movement	NOUN
ajfa-469	337	9	of	of	ADP
ajfa-469	337	10	the	the	DET
ajfa-469	337	11	added	add	VERB
ajfa-469	337	12	stocks	stock	NOUN
ajfa-469	337	13	rit	rit	NOUN
ajfa-469	337	14	=	=	NOUN
ajfa-469	337	15	α	α	PROPN
ajfa-469	338	1	+	+	X
ajfa-469	338	2	β	β	NOUN
ajfa-469	338	3	*	*	PUNCT
ajfa-469	338	4	rmt	rmt	NOUN
ajfa-469	338	5	+	+	CCONJ
ajfa-469	338	6	εit	εit	NOUN
ajfa-469	338	7	-(8	-(8	PROPN
ajfa-469	338	8	)	)	PUNCT
ajfa-469	338	9	where	where	SCONJ
ajfa-469	338	10	,	,	PUNCT
ajfa-469	338	11	rit	rit	PROPN
ajfa-469	338	12	is	be	AUX
ajfa-469	338	13	stock	stock	NOUN
ajfa-469	338	14	return	return	NOUN
ajfa-469	338	15	,	,	PUNCT
ajfa-469	338	16	rmt	rmt	NOUN
ajfa-469	338	17	is	be	AUX
ajfa-469	338	18	the	the	DET
ajfa-469	338	19	nifty	nifty	ADJ
ajfa-469	338	20	index	index	NOUN
ajfa-469	338	21	return	return	NOUN
ajfa-469	338	22	on	on	ADP
ajfa-469	338	23	day	day	NOUN
ajfa-469	338	24	‘	'	PUNCT
ajfa-469	338	25	t	t	NOUN
ajfa-469	338	26	’	'	PUNCT
ajfa-469	338	27	and	and	CCONJ
ajfa-469	338	28	εit	εit	PROPN
ajfa-469	338	29	is	be	AUX
ajfa-469	338	30	a	a	DET
ajfa-469	338	31	random	random	ADJ
ajfa-469	338	32	variable	variable	NOUN
ajfa-469	338	33	with	with	ADP
ajfa-469	338	34	expected	expect	VERB
ajfa-469	338	35	value	value	NOUN
ajfa-469	338	36	of	of	ADP
ajfa-469	338	37	zero	zero	NUM
ajfa-469	338	38	and	and	CCONJ
ajfa-469	338	39	assumed	assume	VERB
ajfa-469	338	40	to	to	PART
ajfa-469	338	41	be	be	AUX
ajfa-469	338	42	uncorrelated	uncorrelate	VERB
ajfa-469	338	43	.	.	PUNCT
ajfa-469	339	1	the	the	DET
ajfa-469	339	2	daily	daily	ADJ
ajfa-469	339	3	pre	pre	ADJ
ajfa-469	339	4	-	-	ADJ
ajfa-469	339	5	event	event	ADJ
ajfa-469	339	6	regression	regression	NOUN
ajfa-469	339	7	is	be	AUX
ajfa-469	339	8	run	run	VERB
ajfa-469	339	9	for	for	ADP
ajfa-469	339	10	the	the	DET
ajfa-469	339	11	period	period	NOUN
ajfa-469	339	12	ad-70	ad-70	X
ajfa-469	339	13	to	to	ADP
ajfa-469	339	14	ad-10	ad-10	PRON
ajfa-469	339	15	.	.	PUNCT
ajfa-469	340	1	the	the	DET
ajfa-469	340	2	daily	daily	ADJ
ajfa-469	340	3	post	post	NOUN
ajfa-469	340	4	event	event	NOUN
ajfa-469	340	5	regression	regression	NOUN
ajfa-469	340	6	is	be	AUX
ajfa-469	340	7	run	run	VERB
ajfa-469	340	8	for	for	ADP
ajfa-469	340	9	ed+10	ed+10	PROPN
ajfa-469	340	10	to	to	ADP
ajfa-469	340	11	ed+70	ed+70	PROPN
ajfa-469	340	12	.	.	PUNCT
ajfa-469	341	1	the	the	DET
ajfa-469	341	2	difference	difference	NOUN
ajfa-469	341	3	βc	βc	PRON
ajfa-469	341	4	calculated	calculate	VERB
ajfa-469	341	5	for	for	ADP
ajfa-469	341	6	each	each	DET
ajfa-469	341	7	added	add	VERB
ajfa-469	341	8	stock	stock	NOUN
ajfa-469	341	9	by	by	ADP
ajfa-469	341	10	subtracting	subtract	VERB
ajfa-469	341	11	the	the	DET
ajfa-469	341	12	preevent	preevent	NOUN
ajfa-469	341	13	beta	beta	NOUN
ajfa-469	341	14	from	from	ADP
ajfa-469	341	15	the	the	DET
ajfa-469	341	16	post	post	NOUN
ajfa-469	341	17	event	event	NOUN
ajfa-469	341	18	beta	beta	NOUN
ajfa-469	341	19	is	be	AUX
ajfa-469	341	20	regressed	regress	VERB
ajfa-469	341	21	with	with	ADP
ajfa-469	341	22	yearly	yearly	ADJ
ajfa-469	341	23	ed	ed	NOUN
ajfa-469	341	24	car	car	NOUN
ajfa-469	341	25	.	.	PUNCT
ajfa-469	342	1	here	here	ADV
ajfa-469	342	2	‘	'	PUNCT
ajfa-469	342	3	n	n	CCONJ
ajfa-469	342	4	’	'	PUNCT
ajfa-469	342	5	represents	represent	VERB
ajfa-469	342	6	number	number	NOUN
ajfa-469	342	7	of	of	ADP
ajfa-469	342	8	years	year	NOUN
ajfa-469	342	9	used	use	VERB
ajfa-469	342	10	in	in	ADP
ajfa-469	342	11	the	the	DET
ajfa-469	342	12	regression	regression	NOUN
ajfa-469	342	13	.	.	PUNCT
ajfa-469	343	1	*	*	PUNCT
ajfa-469	343	2	*	*	PUNCT
ajfa-469	343	3	*	*	NOUN
ajfa-469	343	4	.	.	PUNCT
ajfa-469	344	1	*	*	PUNCT
ajfa-469	344	2	*	*	NOUN
ajfa-469	344	3	.	.	PUNCT
ajfa-469	345	1	*	*	PUNCT
ajfa-469	345	2	denote	denote	NOUN
ajfa-469	345	3	significance	significance	NOUN
ajfa-469	345	4	at	at	ADP
ajfa-469	345	5	1	1	NUM
ajfa-469	345	6	%	%	NOUN
ajfa-469	345	7	,	,	PUNCT
ajfa-469	345	8	5	5	NUM
ajfa-469	345	9	%	%	NOUN
ajfa-469	345	10	,	,	PUNCT
ajfa-469	345	11	10	10	NUM
ajfa-469	345	12	%	%	NOUN
ajfa-469	345	13	level	level	NOUN
ajfa-469	345	14	respectively	respectively	ADV
ajfa-469	345	15	.	.	PUNCT
ajfa-469	346	1	interestingly	interestingly	ADV
ajfa-469	346	2	the	the	DET
ajfa-469	346	3	recent	recent	ADJ
ajfa-469	346	4	period	period	NOUN
ajfa-469	346	5	result	result	NOUN
ajfa-469	346	6	(	(	PUNCT
ajfa-469	346	7	2007	2007	NUM
ajfa-469	346	8	-	-	SYM
ajfa-469	346	9	2010	2010	NUM
ajfa-469	346	10	,	,	PUNCT
ajfa-469	346	11	instead	instead	ADV
ajfa-469	346	12	of	of	ADP
ajfa-469	346	13	significantly	significantly	ADV
ajfa-469	346	14	positive	positive	ADJ
ajfa-469	346	15	run	run	VERB
ajfa-469	346	16	-	-	PUNCT
ajfa-469	346	17	up	up	ADP
ajfa-469	346	18	asian	asian	ADJ
ajfa-469	346	19	journal	journal	NOUN
ajfa-469	346	20	of	of	ADP
ajfa-469	346	21	finance	finance	PROPN
ajfa-469	346	22	&	&	CCONJ
ajfa-469	346	23	accounting	accounting	PROPN
ajfa-469	346	24	issn	issn	PROPN
ajfa-469	346	25	1946	1946	NUM
ajfa-469	346	26	-	-	PUNCT
ajfa-469	346	27	052x	052x	NOUN
ajfa-469	346	28	2010	2010	NUM
ajfa-469	346	29	,	,	PUNCT
ajfa-469	346	30	vol	vol	NOUN
ajfa-469	346	31	.	.	PROPN
ajfa-469	346	32	2	2	NUM
ajfa-469	346	33	,	,	PUNCT
ajfa-469	346	34	no	no	INTJ
ajfa-469	346	35	.	.	NOUN
ajfa-469	346	36	2	2	NUM
ajfa-469	346	37	:	:	PUNCT
ajfa-469	346	38	e4	e4	PROPN
ajfa-469	346	39	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-469	346	40	74	74	NUM
ajfa-469	346	41	window	window	NOUN
ajfa-469	346	42	car	car	NOUN
ajfa-469	346	43	,	,	PUNCT
ajfa-469	346	44	evidences	evidence	VERB
ajfa-469	346	45	a	a	DET
ajfa-469	346	46	negative	negative	ADJ
ajfa-469	346	47	car	car	NOUN
ajfa-469	346	48	of	of	ADP
ajfa-469	346	49	-2.39	-2.39	NOUN
ajfa-469	346	50	%	%	NOUN
ajfa-469	346	51	.	.	PUNCT
ajfa-469	347	1	the	the	DET
ajfa-469	347	2	above	above	ADJ
ajfa-469	347	3	results	result	NOUN
ajfa-469	347	4	in	in	ADP
ajfa-469	347	5	table	table	NOUN
ajfa-469	347	6	7	7	NUM
ajfa-469	347	7	and	and	CCONJ
ajfa-469	347	8	the	the	DET
ajfa-469	347	9	result	result	NOUN
ajfa-469	347	10	that	that	SCONJ
ajfa-469	347	11	nifty	nifty	ADJ
ajfa-469	347	12	inclusion	inclusion	NOUN
ajfa-469	347	13	is	be	AUX
ajfa-469	347	14	characterized	characterize	VERB
ajfa-469	347	15	by	by	ADP
ajfa-469	347	16	permanent	permanent	ADJ
ajfa-469	347	17	abnormal	abnormal	ADJ
ajfa-469	347	18	return	return	NOUN
ajfa-469	347	19	without	without	ADP
ajfa-469	347	20	corresponding	correspond	VERB
ajfa-469	347	21	permanent	permanent	ADJ
ajfa-469	347	22	abnormal	abnormal	ADJ
ajfa-469	347	23	volume	volume	NOUN
ajfa-469	347	24	do	do	AUX
ajfa-469	347	25	not	not	PART
ajfa-469	347	26	support	support	VERB
ajfa-469	347	27	dsdc	dsdc	NOUN
ajfa-469	347	28	hypothesis	hypothesis	NOUN
ajfa-469	347	29	as	as	ADP
ajfa-469	347	30	the	the	DET
ajfa-469	347	31	major	major	ADJ
ajfa-469	347	32	explanation	explanation	NOUN
ajfa-469	347	33	for	for	ADP
ajfa-469	347	34	the	the	DET
ajfa-469	347	35	abnormal	abnormal	ADJ
ajfa-469	347	36	permanent	permanent	ADJ
ajfa-469	347	37	return	return	NOUN
ajfa-469	347	38	around	around	ADP
ajfa-469	347	39	index	index	NOUN
ajfa-469	347	40	announcement	announcement	NOUN
ajfa-469	347	41	in	in	ADP
ajfa-469	347	42	the	the	DET
ajfa-469	347	43	indian	indian	ADJ
ajfa-469	347	44	stock	stock	NOUN
ajfa-469	347	45	market	market	NOUN
ajfa-469	347	46	.	.	PUNCT
ajfa-469	348	1	4.7	4.7	NUM
ajfa-469	348	2	co	co	NOUN
ajfa-469	348	3	-	-	NOUN
ajfa-469	348	4	movement	movement	NOUN
ajfa-469	348	5	the	the	DET
ajfa-469	348	6	beta	beta	NOUN
ajfa-469	348	7	change	change	NOUN
ajfa-469	348	8	βc	βc	INTJ
ajfa-469	348	9	is	be	AUX
ajfa-469	348	10	calculated	calculate	VERB
ajfa-469	348	11	as	as	ADP
ajfa-469	348	12	the	the	DET
ajfa-469	348	13	difference	difference	NOUN
ajfa-469	348	14	between	between	ADP
ajfa-469	348	15	the	the	DET
ajfa-469	348	16	slope	slope	NOUN
ajfa-469	348	17	parameters	parameter	NOUN
ajfa-469	348	18	of	of	ADP
ajfa-469	348	19	pre	pre	ADJ
ajfa-469	348	20	addition	addition	NOUN
ajfa-469	348	21	and	and	CCONJ
ajfa-469	348	22	post	post	VERB
ajfa-469	348	23	addition	addition	NOUN
ajfa-469	348	24	regressions	regression	NOUN
ajfa-469	348	25	(	(	PUNCT
ajfa-469	348	26	eq	eq	NOUN
ajfa-469	348	27	(	(	PUNCT
ajfa-469	348	28	8)	8)	NUM
ajfa-469	348	29	)	)	PUNCT
ajfa-469	348	30	.	.	PUNCT
ajfa-469	349	1	the	the	DET
ajfa-469	349	2	hypothesis	hypothesis	NOUN
ajfa-469	349	3	that	that	PRON
ajfa-469	349	4	βc	βc	PRON
ajfa-469	349	5	is	be	AUX
ajfa-469	349	6	greater	great	ADJ
ajfa-469	349	7	than	than	SCONJ
ajfa-469	349	8	zero	zero	NUM
ajfa-469	349	9	is	be	AUX
ajfa-469	349	10	first	first	ADV
ajfa-469	349	11	tested	test	VERB
ajfa-469	349	12	using	use	VERB
ajfa-469	349	13	one	one	NUM
ajfa-469	349	14	-	-	PUNCT
ajfa-469	349	15	tailed	tail	VERB
ajfa-469	349	16	t	t	NOUN
ajfa-469	349	17	-	-	PUNCT
ajfa-469	349	18	test	test	NOUN
ajfa-469	349	19	.	.	PUNCT
ajfa-469	350	1	the	the	DET
ajfa-469	350	2	mean	mean	ADJ
ajfa-469	350	3	beta	beta	NOUN
ajfa-469	350	4	change	change	NOUN
ajfa-469	350	5	βc	βc	INTJ
ajfa-469	350	6	is	be	AUX
ajfa-469	350	7	a	a	DET
ajfa-469	350	8	statistically	statistically	ADV
ajfa-469	350	9	significant	significant	ADJ
ajfa-469	350	10	0.14	0.14	NUM
ajfa-469	350	11	and	and	CCONJ
ajfa-469	350	12	the	the	DET
ajfa-469	350	13	number	number	NOUN
ajfa-469	350	14	of	of	ADP
ajfa-469	350	15	stocks	stock	NOUN
ajfa-469	350	16	with	with	ADP
ajfa-469	350	17	positive	positive	ADJ
ajfa-469	350	18	beta	beta	NOUN
ajfa-469	350	19	change	change	NOUN
ajfa-469	350	20	is	be	AUX
ajfa-469	350	21	58	58	NUM
ajfa-469	350	22	%	%	NOUN
ajfa-469	350	23	.	.	PUNCT
ajfa-469	351	1	barberis	barberis	PROPN
ajfa-469	351	2	et	et	PROPN
ajfa-469	351	3	al	al	PROPN
ajfa-469	351	4	(	(	PUNCT
ajfa-469	351	5	2005	2005	NUM
ajfa-469	351	6	)	)	PUNCT
ajfa-469	351	7	have	have	AUX
ajfa-469	351	8	suggested	suggest	VERB
ajfa-469	351	9	that	that	SCONJ
ajfa-469	351	10	the	the	DET
ajfa-469	351	11	non	non	ADJ
ajfa-469	351	12	-	-	ADJ
ajfa-469	351	13	informational	informational	ADJ
ajfa-469	351	14	view	view	NOUN
ajfa-469	351	15	of	of	ADP
ajfa-469	351	16	stock	stock	NOUN
ajfa-469	351	17	inclusion	inclusion	NOUN
ajfa-469	351	18	is	be	AUX
ajfa-469	351	19	supported	support	VERB
ajfa-469	351	20	,	,	PUNCT
ajfa-469	351	21	if	if	SCONJ
ajfa-469	351	22	the	the	DET
ajfa-469	351	23	effect(βc	effect(βc	NOUN
ajfa-469	351	24	)	)	PUNCT
ajfa-469	351	25	is	be	AUX
ajfa-469	351	26	stronger	strong	ADJ
ajfa-469	351	27	in	in	ADP
ajfa-469	351	28	the	the	DET
ajfa-469	351	29	latest	late	ADJ
ajfa-469	351	30	data	datum	NOUN
ajfa-469	351	31	along	along	ADP
ajfa-469	351	32	with	with	ADP
ajfa-469	351	33	the	the	DET
ajfa-469	351	34	growth	growth	NOUN
ajfa-469	351	35	of	of	ADP
ajfa-469	351	36	index	index	NOUN
ajfa-469	351	37	funds15	funds15	NOUN
ajfa-469	351	38	.	.	PUNCT
ajfa-469	352	1	the	the	DET
ajfa-469	352	2	data	datum	NOUN
ajfa-469	352	3	in	in	ADP
ajfa-469	352	4	appendix	appendix	ADJ
ajfa-469	352	5	2	2	NUM
ajfa-469	352	6	shows	show	VERB
ajfa-469	352	7	that	that	SCONJ
ajfa-469	352	8	βc	βc	PRON
ajfa-469	352	9	is	be	AUX
ajfa-469	352	10	not	not	PART
ajfa-469	352	11	stronger	strong	ADJ
ajfa-469	352	12	in	in	ADP
ajfa-469	352	13	the	the	DET
ajfa-469	352	14	latest	late	ADJ
ajfa-469	352	15	data	datum	NOUN
ajfa-469	352	16	.	.	PUNCT
ajfa-469	353	1	further	far	ADV
ajfa-469	353	2	,	,	PUNCT
ajfa-469	353	3	in	in	ADP
ajfa-469	353	4	order	order	NOUN
ajfa-469	353	5	to	to	PART
ajfa-469	353	6	verify	verify	VERB
ajfa-469	353	7	the	the	DET
ajfa-469	353	8	information	information	NOUN
ajfa-469	353	9	effect	effect	NOUN
ajfa-469	353	10	,	,	PUNCT
ajfa-469	353	11	the	the	DET
ajfa-469	353	12	yearly	yearly	ADJ
ajfa-469	353	13	average	average	ADJ
ajfa-469	353	14	beta	beta	NOUN
ajfa-469	353	15	change	change	NOUN
ajfa-469	353	16	from	from	ADP
ajfa-469	353	17	1999	1999	NUM
ajfa-469	353	18	-2010	-2010	PROPN
ajfa-469	353	19	is	be	AUX
ajfa-469	353	20	regressed	regress	VERB
ajfa-469	353	21	with	with	ADP
ajfa-469	353	22	the	the	DET
ajfa-469	353	23	yearly	yearly	ADJ
ajfa-469	353	24	average	average	ADJ
ajfa-469	353	25	value	value	NOUN
ajfa-469	353	26	under	under	ADP
ajfa-469	353	27	mutual	mutual	ADJ
ajfa-469	353	28	funds	fund	NOUN
ajfa-469	353	29	in	in	ADP
ajfa-469	353	30	india	india	PROPN
ajfa-469	353	31	.	.	PUNCT
ajfa-469	354	1	table	table	NOUN
ajfa-469	354	2	7	7	NUM
ajfa-469	354	3	shows	show	VERB
ajfa-469	354	4	the	the	DET
ajfa-469	354	5	slope	slope	NOUN
ajfa-469	354	6	co	co	NOUN
ajfa-469	354	7	-	-	ADJ
ajfa-469	354	8	efficient	efficient	ADJ
ajfa-469	354	9	of	of	ADP
ajfa-469	354	10	the	the	DET
ajfa-469	354	11	regression	regression	NOUN
ajfa-469	354	12	to	to	PART
ajfa-469	354	13	be	be	AUX
ajfa-469	354	14	0.0008	0.0008	NUM
ajfa-469	354	15	and	and	CCONJ
ajfa-469	354	16	is	be	AUX
ajfa-469	354	17	not	not	PART
ajfa-469	354	18	statistically	statistically	ADV
ajfa-469	354	19	significant	significant	ADJ
ajfa-469	354	20	at	at	ADP
ajfa-469	354	21	any	any	DET
ajfa-469	354	22	level	level	NOUN
ajfa-469	354	23	of	of	ADP
ajfa-469	354	24	significance	significance	NOUN
ajfa-469	354	25	.	.	PUNCT
ajfa-469	355	1	the	the	DET
ajfa-469	355	2	result	result	NOUN
ajfa-469	355	3	evidencing	evidencing	NOUN
ajfa-469	355	4	lack	lack	NOUN
ajfa-469	355	5	of	of	ADP
ajfa-469	355	6	correlation	correlation	NOUN
ajfa-469	355	7	between	between	ADP
ajfa-469	355	8	the	the	DET
ajfa-469	355	9	mutual	mutual	ADJ
ajfa-469	355	10	fund	fund	NOUN
ajfa-469	355	11	growth	growth	NOUN
ajfa-469	355	12	and	and	CCONJ
ajfa-469	355	13	beta	beta	NOUN
ajfa-469	355	14	change	change	NOUN
ajfa-469	355	15	which	which	PRON
ajfa-469	355	16	should	should	AUX
ajfa-469	355	17	have	have	AUX
ajfa-469	355	18	been	be	AUX
ajfa-469	355	19	the	the	DET
ajfa-469	355	20	case	case	NOUN
ajfa-469	355	21	if	if	SCONJ
ajfa-469	355	22	the	the	DET
ajfa-469	355	23	significant	significant	ADJ
ajfa-469	355	24	positive	positive	ADJ
ajfa-469	355	25	beta	beta	NOUN
ajfa-469	355	26	change	change	NOUN
ajfa-469	355	27	is	be	AUX
ajfa-469	355	28	due	due	ADJ
ajfa-469	355	29	to	to	ADP
ajfa-469	355	30	portfolio	portfolio	NOUN
ajfa-469	355	31	rebalancing	rebalancing	NOUN
ajfa-469	355	32	actions	action	NOUN
ajfa-469	355	33	of	of	ADP
ajfa-469	355	34	the	the	DET
ajfa-469	355	35	mutual	mutual	ADJ
ajfa-469	355	36	funds	fund	NOUN
ajfa-469	355	37	(	(	PUNCT
ajfa-469	355	38	index	index	NOUN
ajfa-469	355	39	funds	fund	NOUN
ajfa-469	355	40	)	)	PUNCT
ajfa-469	355	41	supports	support	VERB
ajfa-469	355	42	the	the	DET
ajfa-469	355	43	information	information	NOUN
ajfa-469	355	44	-	-	PUNCT
ajfa-469	355	45	view	view	NOUN
ajfa-469	355	46	in	in	ADP
ajfa-469	355	47	the	the	DET
ajfa-469	355	48	indian	indian	ADJ
ajfa-469	355	49	stock	stock	NOUN
ajfa-469	355	50	market	market	NOUN
ajfa-469	355	51	.	.	PUNCT
ajfa-469	356	1	the	the	DET
ajfa-469	356	2	permanent	permanent	ADJ
ajfa-469	356	3	index	index	NOUN
ajfa-469	356	4	addition	addition	NOUN
ajfa-469	356	5	effect	effect	NOUN
ajfa-469	356	6	,	,	PUNCT
ajfa-469	356	7	for	for	ADP
ajfa-469	356	8	at	at	ADV
ajfa-469	356	9	least	least	ADV
ajfa-469	356	10	80	80	NUM
ajfa-469	356	11	days	day	NOUN
ajfa-469	356	12	,	,	PUNCT
ajfa-469	356	13	may	may	AUX
ajfa-469	356	14	be	be	AUX
ajfa-469	356	15	due	due	ADJ
ajfa-469	356	16	to	to	ADP
ajfa-469	356	17	positive	positive	ADJ
ajfa-469	356	18	information	information	NOUN
ajfa-469	356	19	the	the	DET
ajfa-469	356	20	index	index	NOUN
ajfa-469	356	21	addition	addition	NOUN
ajfa-469	356	22	conveys	convey	VERB
ajfa-469	356	23	regarding	regard	VERB
ajfa-469	356	24	added	add	VERB
ajfa-469	356	25	stocks	stock	NOUN
ajfa-469	356	26	.	.	PUNCT
ajfa-469	357	1	it	it	PRON
ajfa-469	357	2	appears	appear	VERB
ajfa-469	357	3	that	that	SCONJ
ajfa-469	357	4	the	the	DET
ajfa-469	357	5	informed	informed	ADJ
ajfa-469	357	6	investors	investor	NOUN
ajfa-469	357	7	cause	cause	VERB
ajfa-469	357	8	the	the	DET
ajfa-469	357	9	initial	initial	ADJ
ajfa-469	357	10	price	price	NOUN
ajfa-469	357	11	increase	increase	NOUN
ajfa-469	357	12	around	around	ADP
ajfa-469	357	13	ad	ad	NOUN
ajfa-469	357	14	and	and	CCONJ
ajfa-469	357	15	the	the	DET
ajfa-469	357	16	index	index	NOUN
ajfa-469	357	17	funds	fund	NOUN
ajfa-469	357	18	around	around	ADP
ajfa-469	357	19	ed	ed	NOUN
ajfa-469	357	20	.	.	PUNCT
ajfa-469	358	1	the	the	DET
ajfa-469	358	2	uninformed	uninformed	ADJ
ajfa-469	358	3	investors	investor	NOUN
ajfa-469	358	4	then	then	ADV
ajfa-469	358	5	start	start	VERB
ajfa-469	358	6	investing	invest	VERB
ajfa-469	358	7	in	in	ADP
ajfa-469	358	8	the	the	DET
ajfa-469	358	9	added	add	VERB
ajfa-469	358	10	stocks	stock	NOUN
ajfa-469	358	11	.	.	PUNCT
ajfa-469	359	1	the	the	DET
ajfa-469	359	2	other	other	ADJ
ajfa-469	359	3	reason	reason	NOUN
ajfa-469	359	4	may	may	AUX
ajfa-469	359	5	be	be	AUX
ajfa-469	359	6	that	that	SCONJ
ajfa-469	359	7	the	the	DET
ajfa-469	359	8	added	add	VERB
ajfa-469	359	9	stocks	stock	NOUN
ajfa-469	359	10	give	give	VERB
ajfa-469	359	11	positive	positive	ADJ
ajfa-469	359	12	signal	signal	NOUN
ajfa-469	359	13	to	to	ADP
ajfa-469	359	14	the	the	DET
ajfa-469	359	15	investors	investor	NOUN
ajfa-469	359	16	in	in	ADP
ajfa-469	359	17	general	general	ADJ
ajfa-469	359	18	and	and	CCONJ
ajfa-469	359	19	foreign	foreign	ADJ
ajfa-469	359	20	institutional	institutional	ADJ
ajfa-469	359	21	investors	investor	NOUN
ajfa-469	359	22	in	in	ADP
ajfa-469	359	23	particular	particular	ADJ
ajfa-469	359	24	regarding	regard	VERB
ajfa-469	359	25	the	the	DET
ajfa-469	359	26	quality	quality	NOUN
ajfa-469	359	27	of	of	ADP
ajfa-469	359	28	the	the	DET
ajfa-469	359	29	stocks	stock	NOUN
ajfa-469	359	30	.	.	PUNCT
ajfa-469	360	1	even	even	ADV
ajfa-469	360	2	the	the	DET
ajfa-469	360	3	‘	'	PUNCT
ajfa-469	360	4	habitat	habitat	NOUN
ajfa-469	360	5	’	'	PUNCT
ajfa-469	360	6	view	view	NOUN
ajfa-469	360	7	,	,	PUNCT
ajfa-469	360	8	which	which	PRON
ajfa-469	360	9	according	accord	VERB
ajfa-469	360	10	to	to	ADP
ajfa-469	360	11	barberis	barberis	PROPN
ajfa-469	360	12	et	et	PROPN
ajfa-469	360	13	al(2005	al(2005	NOUN
ajfa-469	360	14	)	)	PUNCT
ajfa-469	360	15	studying	study	VERB
ajfa-469	360	16	s&p	s&p	PROPN
ajfa-469	360	17	500	500	NUM
ajfa-469	360	18	supports	support	VERB
ajfa-469	360	19	the	the	DET
ajfa-469	360	20	no	no	DET
ajfa-469	360	21	-	-	PUNCT
ajfa-469	360	22	information	information	NOUN
ajfa-469	360	23	view	view	NOUN
ajfa-469	360	24	,	,	PUNCT
ajfa-469	360	25	may	may	AUX
ajfa-469	360	26	not	not	PART
ajfa-469	360	27	apply	apply	VERB
ajfa-469	360	28	to	to	ADP
ajfa-469	360	29	emerging	emerge	VERB
ajfa-469	360	30	markets	market	NOUN
ajfa-469	360	31	.	.	PUNCT
ajfa-469	361	1	the	the	DET
ajfa-469	361	2	reasons	reason	NOUN
ajfa-469	361	3	may	may	AUX
ajfa-469	361	4	be	be	AUX
ajfa-469	361	5	that	that	SCONJ
ajfa-469	361	6	,	,	PUNCT
ajfa-469	361	7	unlike	unlike	ADP
ajfa-469	361	8	the	the	DET
ajfa-469	361	9	developed	develop	VERB
ajfa-469	361	10	markets	market	NOUN
ajfa-469	361	11	,	,	PUNCT
ajfa-469	361	12	emerging	emerge	VERB
ajfa-469	361	13	markets	market	NOUN
ajfa-469	361	14	like	like	ADP
ajfa-469	361	15	the	the	DET
ajfa-469	361	16	indian	indian	ADJ
ajfa-469	361	17	stock	stock	NOUN
ajfa-469	361	18	market	market	NOUN
ajfa-469	361	19	suffer	suffer	VERB
ajfa-469	361	20	from	from	ADP
ajfa-469	361	21	both	both	DET
ajfa-469	361	22	lack	lack	NOUN
ajfa-469	361	23	of	of	ADP
ajfa-469	361	24	information	information	NOUN
ajfa-469	361	25	efficiency	efficiency	NOUN
ajfa-469	361	26	and	and	CCONJ
ajfa-469	361	27	cost	cost	NOUN
ajfa-469	361	28	of	of	ADP
ajfa-469	361	29	information	information	NOUN
ajfa-469	361	30	and	and	CCONJ
ajfa-469	361	31	hence	hence	ADV
ajfa-469	361	32	are	be	AUX
ajfa-469	361	33	characterised	characterise	VERB
ajfa-469	361	34	by	by	ADP
ajfa-469	361	35	quality	quality	NOUN
ajfa-469	361	36	gaps	gap	NOUN
ajfa-469	361	37	between	between	ADP
ajfa-469	361	38	various	various	ADJ
ajfa-469	361	39	groups	group	NOUN
ajfa-469	361	40	of	of	ADP
ajfa-469	361	41	assets	asset	NOUN
ajfa-469	361	42	.	.	PUNCT
ajfa-469	362	1	these	these	DET
ajfa-469	362	2	dissimilarities	dissimilarity	NOUN
ajfa-469	362	3	between	between	ADP
ajfa-469	362	4	the	the	DET
ajfa-469	362	5	developed	develop	VERB
ajfa-469	362	6	markets	market	NOUN
ajfa-469	362	7	and	and	CCONJ
ajfa-469	362	8	the	the	DET
ajfa-469	362	9	emerging	emerge	VERB
ajfa-469	362	10	market	market	NOUN
ajfa-469	362	11	like	like	ADP
ajfa-469	362	12	india	india	PROPN
ajfa-469	362	13	may	may	AUX
ajfa-469	362	14	be	be	AUX
ajfa-469	362	15	driving	drive	VERB
ajfa-469	362	16	the	the	DET
ajfa-469	362	17	evidenced	evidence	VERB
ajfa-469	362	18	results	result	NOUN
ajfa-469	362	19	following	follow	VERB
ajfa-469	362	20	nifty	nifty	ADJ
ajfa-469	362	21	index	index	NOUN
ajfa-469	362	22	additions	addition	NOUN
ajfa-469	362	23	.	.	PUNCT
ajfa-469	363	1	the	the	DET
ajfa-469	363	2	results	result	NOUN
ajfa-469	363	3	are	be	AUX
ajfa-469	363	4	consistent	consistent	ADJ
ajfa-469	363	5	with	with	ADP
ajfa-469	363	6	the	the	DET
ajfa-469	363	7	findings	finding	NOUN
ajfa-469	363	8	of	of	ADP
ajfa-469	363	9	other	other	ADJ
ajfa-469	363	10	emerging	emerge	VERB
ajfa-469	363	11	market	market	NOUN
ajfa-469	363	12	studies	study	NOUN
ajfa-469	363	13	of	of	ADP
ajfa-469	363	14	li	li	PROPN
ajfa-469	363	15	and	and	CCONJ
ajfa-469	363	16	sadeghi(2009	sadeghi(2009	NUM
ajfa-469	363	17	)	)	PUNCT
ajfa-469	363	18	and	and	CCONJ
ajfa-469	363	19	hacibedel(2008	hacibedel(2008	NOUN
ajfa-469	363	20	)	)	PUNCT
ajfa-469	363	21	.	.	PUNCT
ajfa-469	364	1	the	the	DET
ajfa-469	364	2	results	result	NOUN
ajfa-469	364	3	are	be	AUX
ajfa-469	364	4	also	also	ADV
ajfa-469	364	5	consistent	consistent	ADJ
ajfa-469	364	6	with	with	ADP
ajfa-469	364	7	chen	chen	PROPN
ajfa-469	364	8	et	et	PROPN
ajfa-469	364	9	al(2004	al(2004	PROPN
ajfa-469	364	10	)	)	PUNCT
ajfa-469	364	11	.	.	PUNCT
ajfa-469	365	1	the	the	DET
ajfa-469	365	2	observed	observe	VERB
ajfa-469	365	3	results	result	NOUN
ajfa-469	365	4	are	be	AUX
ajfa-469	365	5	interesting	interesting	ADJ
ajfa-469	365	6	vis	vis	X
ajfa-469	365	7	-	-	PUNCT
ajfa-469	365	8	a	a	X
ajfa-469	365	9	-	-	PUNCT
ajfa-469	365	10	vis	vis	X
ajfa-469	365	11	the	the	DET
ajfa-469	365	12	efficient	efficient	ADJ
ajfa-469	365	13	market	market	NOUN
ajfa-469	365	14	hypothesis(emh	hypothesis(emh	NOUN
ajfa-469	365	15	)	)	PUNCT
ajfa-469	365	16	according	accord	VERB
ajfa-469	365	17	to	to	ADP
ajfa-469	365	18	which	which	PRON
ajfa-469	365	19	any	any	DET
ajfa-469	365	20	information	information	NOUN
ajfa-469	365	21	is	be	AUX
ajfa-469	365	22	reflected	reflect	VERB
ajfa-469	365	23	instantaneously	instantaneously	ADV
ajfa-469	365	24	in	in	ADP
ajfa-469	365	25	the	the	DET
ajfa-469	365	26	stock	stock	NOUN
ajfa-469	365	27	prices	price	NOUN
ajfa-469	365	28	.	.	PUNCT
ajfa-469	366	1	according	accord	VERB
ajfa-469	366	2	to	to	ADP
ajfa-469	366	3	the	the	DET
ajfa-469	366	4	widely	widely	ADV
ajfa-469	366	5	accepted	accept	VERB
ajfa-469	366	6	martingale	martingale	ADJ
ajfa-469	366	7	model	model	NOUN
ajfa-469	366	8	of	of	ADP
ajfa-469	366	9	the	the	DET
ajfa-469	366	10	efficient	efficient	ADJ
ajfa-469	366	11	market	market	NOUN
ajfa-469	366	12	hypothesis	hypothesis	NOUN
ajfa-469	366	13	,	,	PUNCT
ajfa-469	366	14	a	a	DET
ajfa-469	366	15	market	market	NOUN
ajfa-469	366	16	is	be	AUX
ajfa-469	366	17	efficient	efficient	ADJ
ajfa-469	366	18	with	with	ADP
ajfa-469	366	19	respect	respect	NOUN
ajfa-469	366	20	to	to	ADP
ajfa-469	366	21	any	any	DET
ajfa-469	366	22	information	information	NOUN
ajfa-469	366	23	if	if	SCONJ
ajfa-469	366	24	no	no	DET
ajfa-469	366	25	economic	economic	ADJ
ajfa-469	366	26	profits	profit	NOUN
ajfa-469	366	27	accrue	accrue	VERB
ajfa-469	366	28	based	base	VERB
ajfa-469	366	29	on	on	ADP
ajfa-469	366	30	the	the	DET
ajfa-469	366	31	information	information	NOUN
ajfa-469	366	32	.	.	PUNCT
ajfa-469	367	1	li	li	PROPN
ajfa-469	367	2	and	and	CCONJ
ajfa-469	367	3	15	15	NUM
ajfa-469	367	4	as	as	SCONJ
ajfa-469	367	5	the	the	DET
ajfa-469	367	6	data	datum	NOUN
ajfa-469	367	7	for	for	ADP
ajfa-469	367	8	index	index	NOUN
ajfa-469	367	9	fund	fund	NOUN
ajfa-469	367	10	growth	growth	NOUN
ajfa-469	367	11	in	in	ADP
ajfa-469	367	12	the	the	DET
ajfa-469	367	13	indian	indian	ADJ
ajfa-469	367	14	market	market	NOUN
ajfa-469	367	15	is	be	AUX
ajfa-469	367	16	not	not	PART
ajfa-469	367	17	available	available	ADJ
ajfa-469	367	18	,	,	PUNCT
ajfa-469	367	19	the	the	DET
ajfa-469	367	20	mutual	mutual	ADJ
ajfa-469	367	21	fund	fund	NOUN
ajfa-469	367	22	data	datum	NOUN
ajfa-469	367	23	is	be	AUX
ajfa-469	367	24	used	use	VERB
ajfa-469	367	25	as	as	ADP
ajfa-469	367	26	a	a	DET
ajfa-469	367	27	proxy	proxy	NOUN
ajfa-469	367	28	in	in	ADP
ajfa-469	367	29	this	this	DET
ajfa-469	367	30	study	study	NOUN
ajfa-469	367	31	.	.	PUNCT
ajfa-469	368	1	see	see	VERB
ajfa-469	368	2	appendix	appendix	NOUN
ajfa-469	368	3	2	2	NUM
ajfa-469	368	4	.	.	PUNCT
ajfa-469	369	1	the	the	DET
ajfa-469	369	2	source	source	NOUN
ajfa-469	369	3	is	be	AUX
ajfa-469	369	4	www.amfiindia.com	www.amfiindia.com	PROPN
ajfa-469	369	5	.	.	PUNCT
ajfa-469	369	6	asian	asian	ADJ
ajfa-469	369	7	journal	journal	PROPN
ajfa-469	369	8	of	of	ADP
ajfa-469	369	9	finance	finance	PROPN
ajfa-469	369	10	&	&	CCONJ
ajfa-469	369	11	accounting	accounting	PROPN
ajfa-469	369	12	issn	issn	PROPN
ajfa-469	369	13	1946	1946	NUM
ajfa-469	369	14	-	-	PUNCT
ajfa-469	369	15	052x	052x	NOUN
ajfa-469	369	16	2010	2010	NUM
ajfa-469	369	17	,	,	PUNCT
ajfa-469	369	18	vol	vol	NOUN
ajfa-469	369	19	.	.	PROPN
ajfa-469	369	20	2	2	NUM
ajfa-469	369	21	,	,	PUNCT
ajfa-469	369	22	no	no	INTJ
ajfa-469	369	23	.	.	NOUN
ajfa-469	369	24	2	2	NUM
ajfa-469	369	25	:	:	PUNCT
ajfa-469	369	26	e4	e4	PROPN
ajfa-469	369	27	www.macrothink.org/ajfa	www.macrothink.org/ajfa	X
ajfa-469	369	28	75	75	NUM
ajfa-469	369	29	sadeghi(2009	sadeghi(2009	NOUN
ajfa-469	369	30	)	)	PUNCT
ajfa-469	369	31	state	state	NOUN
ajfa-469	369	32	that	that	SCONJ
ajfa-469	369	33	under	under	ADP
ajfa-469	369	34	emh	emh	PROPN
ajfa-469	369	35	there	there	PRON
ajfa-469	369	36	should	should	AUX
ajfa-469	369	37	be	be	AUX
ajfa-469	369	38	no	no	DET
ajfa-469	369	39	price	price	NOUN
ajfa-469	369	40	or	or	CCONJ
ajfa-469	369	41	liquidity	liquidity	NOUN
ajfa-469	369	42	effects	effect	NOUN
ajfa-469	369	43	.	.	PUNCT
ajfa-469	370	1	this	this	DET
ajfa-469	370	2	study	study	NOUN
ajfa-469	370	3	argues	argue	VERB
ajfa-469	370	4	that	that	SCONJ
ajfa-469	370	5	index	index	NOUN
ajfa-469	370	6	additions	addition	NOUN
ajfa-469	370	7	being	be	AUX
ajfa-469	370	8	information	information	NOUN
ajfa-469	370	9	,	,	PUNCT
ajfa-469	370	10	there	there	PRON
ajfa-469	370	11	will	will	AUX
ajfa-469	370	12	be	be	AUX
ajfa-469	370	13	price	price	NOUN
ajfa-469	370	14	and	and	CCONJ
ajfa-469	370	15	liquidity	liquidity	NOUN
ajfa-469	370	16	effects	effect	NOUN
ajfa-469	370	17	.	.	PUNCT
ajfa-469	371	1	consequently	consequently	ADV
ajfa-469	371	2	,	,	PUNCT
ajfa-469	371	3	only	only	ADV
ajfa-469	371	4	the	the	DET
ajfa-469	371	5	slow	slow	ADJ
ajfa-469	371	6	adjustment	adjustment	NOUN
ajfa-469	371	7	to	to	ADP
ajfa-469	371	8	market	market	NOUN
ajfa-469	371	9	information	information	NOUN
ajfa-469	371	10	is	be	AUX
ajfa-469	371	11	not	not	PART
ajfa-469	371	12	consistent	consistent	ADJ
ajfa-469	371	13	with	with	ADP
ajfa-469	371	14	emh	emh	PROPN
ajfa-469	371	15	.	.	PUNCT
ajfa-469	372	1	the	the	DET
ajfa-469	372	2	results	result	NOUN
ajfa-469	372	3	in	in	ADP
ajfa-469	372	4	this	this	DET
ajfa-469	372	5	study	study	NOUN
ajfa-469	372	6	suggest	suggest	VERB
ajfa-469	372	7	slow	slow	ADJ
ajfa-469	372	8	adjustment16	adjustment16	NOUN
ajfa-469	372	9	to	to	ADP
ajfa-469	372	10	index	index	NOUN
ajfa-469	372	11	addition	addition	NOUN
ajfa-469	372	12	information	information	NOUN
ajfa-469	372	13	and	and	CCONJ
ajfa-469	372	14	economic	economic	ADJ
ajfa-469	372	15	profits	profit	NOUN
ajfa-469	372	16	which	which	PRON
ajfa-469	372	17	is	be	AUX
ajfa-469	372	18	not	not	PART
ajfa-469	372	19	consistent	consistent	ADJ
ajfa-469	372	20	with	with	ADP
ajfa-469	372	21	the	the	DET
ajfa-469	372	22	efficient	efficient	ADJ
ajfa-469	372	23	market	market	NOUN
ajfa-469	372	24	hypothesis	hypothesis	NOUN
ajfa-469	372	25	and	and	CCONJ
ajfa-469	372	26	constitutes	constitute	VERB
ajfa-469	372	27	a	a	DET
ajfa-469	372	28	significant	significant	ADJ
ajfa-469	372	29	anomaly	anomaly	NOUN
ajfa-469	372	30	.	.	PUNCT
ajfa-469	373	1	5	5	X
ajfa-469	373	2	.	.	X
ajfa-469	373	3	conclusion	conclusion	NOUN
ajfa-469	373	4	this	this	DET
ajfa-469	373	5	study	study	NOUN
ajfa-469	373	6	set	set	VERB
ajfa-469	373	7	out	out	ADP
ajfa-469	373	8	to	to	PART
ajfa-469	373	9	analyse	analyse	VERB
ajfa-469	373	10	the	the	DET
ajfa-469	373	11	price	price	NOUN
ajfa-469	373	12	and	and	CCONJ
ajfa-469	373	13	volume	volume	NOUN
ajfa-469	373	14	effect	effect	NOUN
ajfa-469	373	15	surrounding	surround	VERB
ajfa-469	373	16	nifty	nifty	ADJ
ajfa-469	373	17	index	index	NOUN
ajfa-469	373	18	additions	addition	NOUN
ajfa-469	373	19	over	over	ADP
ajfa-469	373	20	the	the	DET
ajfa-469	373	21	period	period	NOUN
ajfa-469	373	22	1999	1999	NUM
ajfa-469	373	23	-	-	SYM
ajfa-469	373	24	2010	2010	NUM
ajfa-469	373	25	.	.	PUNCT
ajfa-469	374	1	this	this	DET
ajfa-469	374	2	study	study	NOUN
ajfa-469	374	3	focused	focus	VERB
ajfa-469	374	4	on	on	ADP
ajfa-469	374	5	two	two	NUM
ajfa-469	374	6	issues	issue	NOUN
ajfa-469	374	7	,	,	PUNCT
ajfa-469	374	8	the	the	DET
ajfa-469	374	9	permanent	permanent	ADJ
ajfa-469	374	10	effect	effect	NOUN
ajfa-469	374	11	and	and	CCONJ
ajfa-469	374	12	the	the	DET
ajfa-469	374	13	information	information	NOUN
ajfa-469	374	14	content	content	NOUN
ajfa-469	374	15	of	of	ADP
ajfa-469	374	16	index	index	NOUN
ajfa-469	374	17	additions	addition	NOUN
ajfa-469	374	18	.	.	PUNCT
ajfa-469	375	1	this	this	DET
ajfa-469	375	2	study	study	NOUN
ajfa-469	375	3	evidences	evidence	VERB
ajfa-469	375	4	that	that	SCONJ
ajfa-469	375	5	nifty	nifty	ADJ
ajfa-469	375	6	index	index	NOUN
ajfa-469	375	7	additions	addition	NOUN
ajfa-469	375	8	are	be	AUX
ajfa-469	375	9	characterized	characterize	VERB
ajfa-469	375	10	by	by	ADP
ajfa-469	375	11	permanent	permanent	ADJ
ajfa-469	375	12	abnormal	abnormal	ADJ
ajfa-469	375	13	returns	return	NOUN
ajfa-469	375	14	subsequent	subsequent	ADJ
ajfa-469	375	15	to	to	ADP
ajfa-469	375	16	announcement	announcement	NOUN
ajfa-469	375	17	and	and	CCONJ
ajfa-469	375	18	inclusion	inclusion	NOUN
ajfa-469	375	19	similar	similar	ADJ
ajfa-469	375	20	to	to	ADP
ajfa-469	375	21	the	the	DET
ajfa-469	375	22	effects	effect	NOUN
ajfa-469	375	23	seen	see	VERB
ajfa-469	375	24	in	in	ADP
ajfa-469	375	25	the	the	DET
ajfa-469	375	26	developed	develop	VERB
ajfa-469	375	27	markets	market	NOUN
ajfa-469	375	28	.	.	PUNCT
ajfa-469	376	1	but	but	CCONJ
ajfa-469	376	2	the	the	DET
ajfa-469	376	3	evidence	evidence	NOUN
ajfa-469	376	4	for	for	ADP
ajfa-469	376	5	permanent	permanent	ADJ
ajfa-469	376	6	abnormal	abnormal	ADJ
ajfa-469	376	7	volume	volume	NOUN
ajfa-469	376	8	is	be	AUX
ajfa-469	376	9	limited	limit	VERB
ajfa-469	376	10	unlike	unlike	ADP
ajfa-469	376	11	the	the	DET
ajfa-469	376	12	developed	develop	VERB
ajfa-469	376	13	markets	market	NOUN
ajfa-469	376	14	.	.	PUNCT
ajfa-469	377	1	nifty	nifty	ADJ
ajfa-469	377	2	index	index	NOUN
ajfa-469	377	3	additions	addition	NOUN
ajfa-469	377	4	appear	appear	VERB
ajfa-469	377	5	to	to	PART
ajfa-469	377	6	convey	convey	VERB
ajfa-469	377	7	information	information	NOUN
ajfa-469	377	8	.	.	PUNCT
ajfa-469	378	1	neither	neither	CCONJ
ajfa-469	378	2	the	the	DET
ajfa-469	378	3	dsdc	dsdc	NOUN
ajfa-469	378	4	hypothesis	hypothesis	NOUN
ajfa-469	378	5	nor	nor	CCONJ
ajfa-469	378	6	the	the	DET
ajfa-469	378	7	price	price	NOUN
ajfa-469	378	8	pressure	pressure	NOUN
ajfa-469	378	9	hypotheses	hypothesis	NOUN
ajfa-469	378	10	appears	appear	VERB
ajfa-469	378	11	to	to	PART
ajfa-469	378	12	be	be	AUX
ajfa-469	378	13	the	the	DET
ajfa-469	378	14	major	major	ADJ
ajfa-469	378	15	explanation	explanation	NOUN
ajfa-469	378	16	for	for	ADP
ajfa-469	378	17	the	the	DET
ajfa-469	378	18	observed	observe	VERB
ajfa-469	378	19	permanent	permanent	ADJ
ajfa-469	378	20	abnormal	abnormal	ADJ
ajfa-469	378	21	return	return	NOUN
ajfa-469	378	22	around	around	ADP
ajfa-469	378	23	nifty	nifty	ADJ
ajfa-469	378	24	index	index	NOUN
ajfa-469	378	25	additions	addition	NOUN
ajfa-469	378	26	.	.	PUNCT
ajfa-469	379	1	further	far	ADV
ajfa-469	379	2	the	the	DET
ajfa-469	379	3	permanent	permanent	ADJ
ajfa-469	379	4	abnormal	abnormal	ADJ
ajfa-469	379	5	returns	return	NOUN
ajfa-469	379	6	and	and	CCONJ
ajfa-469	379	7	increased	increase	VERB
ajfa-469	379	8	liquidity	liquidity	NOUN
ajfa-469	379	9	subsequent	subsequent	ADJ
ajfa-469	379	10	to	to	ADP
ajfa-469	379	11	index	index	NOUN
ajfa-469	379	12	additions	addition	NOUN
ajfa-469	379	13	is	be	AUX
ajfa-469	379	14	not	not	PART
ajfa-469	379	15	accompanied	accompany	VERB
ajfa-469	379	16	by	by	ADP
ajfa-469	379	17	abnormal	abnormal	ADJ
ajfa-469	379	18	volume	volume	NOUN
ajfa-469	379	19	.	.	PUNCT
ajfa-469	380	1	finally	finally	ADV
ajfa-469	380	2	,	,	PUNCT
ajfa-469	380	3	the	the	DET
ajfa-469	380	4	significant	significant	ADJ
ajfa-469	380	5	beta	beta	ADJ
ajfa-469	380	6	increase	increase	NOUN
ajfa-469	380	7	subsequent	subsequent	ADJ
ajfa-469	380	8	to	to	ADP
ajfa-469	380	9	addition	addition	NOUN
ajfa-469	380	10	is	be	AUX
ajfa-469	380	11	not	not	PART
ajfa-469	380	12	the	the	DET
ajfa-469	380	13	strongest	strong	ADJ
ajfa-469	380	14	in	in	ADP
ajfa-469	380	15	the	the	DET
ajfa-469	380	16	latest	late	ADJ
ajfa-469	380	17	data	datum	NOUN
ajfa-469	380	18	and	and	CCONJ
ajfa-469	380	19	there	there	PRON
ajfa-469	380	20	is	be	VERB
ajfa-469	380	21	no	no	DET
ajfa-469	380	22	correlation	correlation	NOUN
ajfa-469	380	23	between	between	ADP
ajfa-469	380	24	mutual	mutual	ADJ
ajfa-469	380	25	fund	fund	NOUN
ajfa-469	380	26	growth	growth	NOUN
ajfa-469	380	27	and	and	CCONJ
ajfa-469	380	28	beta	beta	NOUN
ajfa-469	380	29	change	change	NOUN
ajfa-469	380	30	.	.	PUNCT
ajfa-469	381	1	the	the	DET
ajfa-469	381	2	evidence	evidence	NOUN
ajfa-469	381	3	for	for	ADP
ajfa-469	381	4	the	the	DET
ajfa-469	381	5	more	more	ADV
ajfa-469	381	6	recent	recent	ADJ
ajfa-469	381	7	sub	sub	ADJ
ajfa-469	381	8	-	-	ADJ
ajfa-469	381	9	period	period	ADJ
ajfa-469	381	10	sample	sample	NOUN
ajfa-469	381	11	is	be	AUX
ajfa-469	381	12	particularly	particularly	ADV
ajfa-469	381	13	important	important	ADJ
ajfa-469	381	14	as	as	SCONJ
ajfa-469	381	15	it	it	PRON
ajfa-469	381	16	reflects	reflect	VERB
ajfa-469	381	17	the	the	DET
ajfa-469	381	18	current	current	ADJ
ajfa-469	381	19	market	market	NOUN
ajfa-469	381	20	environment	environment	NOUN
ajfa-469	381	21	.	.	PUNCT
ajfa-469	382	1	the	the	DET
ajfa-469	382	2	results	result	NOUN
ajfa-469	382	3	for	for	ADP
ajfa-469	382	4	the	the	DET
ajfa-469	382	5	second	second	ADJ
ajfa-469	382	6	period	period	NOUN
ajfa-469	382	7	(	(	PUNCT
ajfa-469	382	8	2007	2007	NUM
ajfa-469	382	9	-	-	SYM
ajfa-469	382	10	2010	2010	NUM
ajfa-469	382	11	)	)	PUNCT
ajfa-469	382	12	evidence	evidence	NOUN
ajfa-469	382	13	increased	increase	VERB
ajfa-469	382	14	price	price	NOUN
ajfa-469	382	15	and	and	CCONJ
ajfa-469	382	16	information	information	NOUN
ajfa-469	382	17	effect	effect	NOUN
ajfa-469	382	18	around	around	ADP
ajfa-469	382	19	index	index	NOUN
ajfa-469	382	20	announcement	announcement	NOUN
ajfa-469	382	21	and	and	CCONJ
ajfa-469	382	22	subsequent	subsequent	ADJ
ajfa-469	382	23	to	to	ADP
ajfa-469	382	24	inclusion	inclusion	NOUN
ajfa-469	382	25	.	.	PUNCT
ajfa-469	383	1	the	the	DET
ajfa-469	383	2	results	result	NOUN
ajfa-469	383	3	are	be	AUX
ajfa-469	383	4	consistent	consistent	ADJ
ajfa-469	383	5	with	with	ADP
ajfa-469	383	6	other	other	ADJ
ajfa-469	383	7	studies	study	NOUN
ajfa-469	383	8	on	on	ADP
ajfa-469	383	9	emerging	emerge	VERB
ajfa-469	383	10	markets	market	NOUN
ajfa-469	383	11	.	.	PUNCT
ajfa-469	384	1	the	the	DET
ajfa-469	384	2	increasing	increase	VERB
ajfa-469	384	3	participation	participation	NOUN
ajfa-469	384	4	of	of	ADP
ajfa-469	384	5	foreign	foreign	ADJ
ajfa-469	384	6	investors	investor	NOUN
ajfa-469	384	7	in	in	ADP
ajfa-469	384	8	the	the	DET
ajfa-469	384	9	indian	indian	ADJ
ajfa-469	384	10	stock	stock	NOUN
ajfa-469	384	11	market	market	NOUN
ajfa-469	384	12	may	may	AUX
ajfa-469	384	13	be	be	AUX
ajfa-469	384	14	one	one	NUM
ajfa-469	384	15	of	of	ADP
ajfa-469	384	16	the	the	DET
ajfa-469	384	17	reasons	reason	NOUN
ajfa-469	384	18	for	for	ADP
ajfa-469	384	19	the	the	DET
ajfa-469	384	20	nifty	nifty	ADJ
ajfa-469	384	21	additions	addition	NOUN
ajfa-469	384	22	to	to	PART
ajfa-469	384	23	convey	convey	VERB
ajfa-469	384	24	information	information	NOUN
ajfa-469	384	25	.	.	PUNCT
ajfa-469	385	1	due	due	ADP
ajfa-469	385	2	to	to	ADP
ajfa-469	385	3	information	information	NOUN
ajfa-469	385	4	asymmetry	asymmetry	NOUN
ajfa-469	385	5	,	,	PUNCT
ajfa-469	385	6	investors	investor	NOUN
ajfa-469	385	7	in	in	ADP
ajfa-469	385	8	general	general	ADJ
ajfa-469	385	9	and	and	CCONJ
ajfa-469	385	10	foreign	foreign	ADJ
ajfa-469	385	11	investors	investor	NOUN
ajfa-469	385	12	in	in	ADP
ajfa-469	385	13	particular	particular	ADJ
ajfa-469	385	14	might	might	AUX
ajfa-469	385	15	perceive	perceive	VERB
ajfa-469	385	16	nifty	nifty	ADJ
ajfa-469	385	17	index	index	NOUN
ajfa-469	385	18	inclusion	inclusion	NOUN
ajfa-469	385	19	as	as	ADP
ajfa-469	385	20	a	a	DET
ajfa-469	385	21	signaling	signal	VERB
ajfa-469	385	22	event	event	NOUN
ajfa-469	385	23	regarding	regard	VERB
ajfa-469	385	24	the	the	DET
ajfa-469	385	25	quality	quality	NOUN
ajfa-469	385	26	of	of	ADP
ajfa-469	385	27	a	a	DET
ajfa-469	385	28	stock	stock	NOUN
ajfa-469	385	29	.	.	PUNCT
ajfa-469	386	1	this	this	PRON
ajfa-469	386	2	appears	appear	VERB
ajfa-469	386	3	to	to	PART
ajfa-469	386	4	produce	produce	VERB
ajfa-469	386	5	significant	significant	ADJ
ajfa-469	386	6	abnormal	abnormal	ADJ
ajfa-469	386	7	return	return	NOUN
ajfa-469	386	8	directly	directly	ADV
ajfa-469	386	9	without	without	ADP
ajfa-469	386	10	much	much	ADJ
ajfa-469	386	11	abnormal	abnormal	ADJ
ajfa-469	386	12	volume	volume	NOUN
ajfa-469	386	13	.	.	PUNCT
ajfa-469	387	1	as	as	SCONJ
ajfa-469	387	2	the	the	DET
ajfa-469	387	3	indian	indian	ADJ
ajfa-469	387	4	stock	stock	NOUN
ajfa-469	387	5	market	market	NOUN
ajfa-469	387	6	is	be	AUX
ajfa-469	387	7	characterized	characterize	VERB
ajfa-469	387	8	by	by	ADP
ajfa-469	387	9	constantly	constantly	ADV
ajfa-469	387	10	increasing	increase	VERB
ajfa-469	387	11	foreign	foreign	ADJ
ajfa-469	387	12	investments	investment	NOUN
ajfa-469	387	13	,	,	PUNCT
ajfa-469	387	14	the	the	DET
ajfa-469	387	15	stronger	strong	ADJ
ajfa-469	387	16	‘	'	PUNCT
ajfa-469	387	17	ad	ad	NOUN
ajfa-469	387	18	effect	effect	NOUN
ajfa-469	387	19	’	'	PUNCT
ajfa-469	387	20	in	in	ADP
ajfa-469	387	21	the	the	DET
ajfa-469	387	22	later	later	ADJ
ajfa-469	387	23	period	period	NOUN
ajfa-469	387	24	also	also	ADV
ajfa-469	387	25	supports	support	VERB
ajfa-469	387	26	the	the	DET
ajfa-469	387	27	preceding	precede	VERB
ajfa-469	387	28	assertion	assertion	NOUN
ajfa-469	387	29	.	.	PUNCT
ajfa-469	388	1	further	far	ADV
ajfa-469	388	2	,	,	PUNCT
ajfa-469	388	3	the	the	DET
ajfa-469	388	4	cost	cost	NOUN
ajfa-469	388	5	of	of	ADP
ajfa-469	388	6	information	information	NOUN
ajfa-469	388	7	in	in	ADP
ajfa-469	388	8	the	the	DET
ajfa-469	388	9	markets	market	NOUN
ajfa-469	388	10	like	like	ADP
ajfa-469	388	11	india	india	PROPN
ajfa-469	388	12	affects	affect	VERB
ajfa-469	388	13	the	the	DET
ajfa-469	388	14	required	require	VERB
ajfa-469	388	15	rate	rate	NOUN
ajfa-469	388	16	of	of	ADP
ajfa-469	388	17	return	return	NOUN
ajfa-469	388	18	and	and	CCONJ
ajfa-469	388	19	consequently	consequently	ADV
ajfa-469	388	20	the	the	DET
ajfa-469	388	21	stock	stock	NOUN
ajfa-469	388	22	prices	price	NOUN
ajfa-469	388	23	.	.	PUNCT
ajfa-469	389	1	inclusion	inclusion	NOUN
ajfa-469	389	2	to	to	ADP
ajfa-469	389	3	benchmark	benchmark	NOUN
ajfa-469	389	4	index	index	NOUN
ajfa-469	389	5	like	like	ADP
ajfa-469	389	6	nifty	nifty	ADJ
ajfa-469	389	7	might	might	AUX
ajfa-469	389	8	increase	increase	VERB
ajfa-469	389	9	the	the	DET
ajfa-469	389	10	visibility	visibility	NOUN
ajfa-469	389	11	of	of	ADP
ajfa-469	389	12	the	the	DET
ajfa-469	389	13	stocks	stock	NOUN
ajfa-469	389	14	for	for	ADP
ajfa-469	389	15	investors	investor	NOUN
ajfa-469	389	16	and	and	CCONJ
ajfa-469	389	17	reduce	reduce	VERB
ajfa-469	389	18	the	the	DET
ajfa-469	389	19	cost	cost	NOUN
ajfa-469	389	20	of	of	ADP
ajfa-469	389	21	information	information	NOUN
ajfa-469	389	22	.	.	PUNCT
ajfa-469	390	1	this	this	PRON
ajfa-469	390	2	brings	bring	VERB
ajfa-469	390	3	into	into	ADP
ajfa-469	390	4	focus	focus	NOUN
ajfa-469	390	5	‘	'	PUNCT
ajfa-469	390	6	investor	investor	NOUN
ajfa-469	390	7	awareness	awareness	NOUN
ajfa-469	390	8	hypotheses	hypothese	VERB
ajfa-469	390	9	’	'	PUNCT
ajfa-469	390	10	.	.	PUNCT
ajfa-469	391	1	finally	finally	ADV
ajfa-469	391	2	,	,	PUNCT
ajfa-469	391	3	the	the	DET
ajfa-469	391	4	slow	slow	ADJ
ajfa-469	391	5	adjustment	adjustment	NOUN
ajfa-469	391	6	to	to	ADP
ajfa-469	391	7	nifty	nifty	ADJ
ajfa-469	391	8	index	index	NOUN
ajfa-469	391	9	addition	addition	NOUN
ajfa-469	391	10	information	information	NOUN
ajfa-469	391	11	is	be	AUX
ajfa-469	391	12	not	not	PART
ajfa-469	391	13	consistent	consistent	ADJ
ajfa-469	391	14	with	with	ADP
ajfa-469	391	15	market	market	NOUN
ajfa-469	391	16	efficiency	efficiency	NOUN
ajfa-469	391	17	in	in	ADP
ajfa-469	391	18	the	the	DET
ajfa-469	391	19	indian	indian	ADJ
ajfa-469	391	20	stock	stock	NOUN
ajfa-469	391	21	market	market	NOUN
ajfa-469	391	22	.	.	PUNCT
ajfa-469	392	1	16	16	NUM
ajfa-469	392	2	the	the	DET
ajfa-469	392	3	mean	mean	NOUN
ajfa-469	392	4	ad+1	ad+1	NOUN
ajfa-469	392	5	to	to	ADP
ajfa-469	392	6	ad+3	ad+3	NOUN
ajfa-469	392	7	and	and	CCONJ
ajfa-469	392	8	ad+1	ad+1	VERB
ajfa-469	392	9	to	to	PART
ajfa-469	392	10	ad+10	ad+10	VERB
ajfa-469	392	11	abnormal	abnormal	ADJ
ajfa-469	392	12	returns	return	NOUN
ajfa-469	392	13	are	be	AUX
ajfa-469	392	14	a	a	DET
ajfa-469	392	15	statistically	statistically	ADV
ajfa-469	392	16	significant	significant	ADJ
ajfa-469	392	17	2.94	2.94	NUM
ajfa-469	392	18	%	%	NOUN
ajfa-469	392	19	and	and	CCONJ
ajfa-469	392	20	4.62	4.62	NUM
ajfa-469	392	21	%	%	NOUN
ajfa-469	392	22	respectively(buy	respectively(buy	NOUN
ajfa-469	392	23	on	on	ADP
ajfa-469	392	24	day	day	NOUN
ajfa-469	392	25	‘	'	PUNCT
ajfa-469	392	26	1	1	NUM
ajfa-469	392	27	’	'	PUNCT
ajfa-469	392	28	and	and	CCONJ
ajfa-469	392	29	sell	sell	VERB
ajfa-469	392	30	on	on	ADP
ajfa-469	392	31	day	day	NOUN
ajfa-469	392	32	‘	'	PUNCT
ajfa-469	392	33	3	3	NUM
ajfa-469	392	34	’	'	PUNCT
ajfa-469	392	35	or	or	CCONJ
ajfa-469	392	36	day	day	NOUN
ajfa-469	392	37	‘	'	PUNCT
ajfa-469	392	38	10	10	NUM
ajfa-469	392	39	’	'	PUNCT
ajfa-469	392	40	)	)	PUNCT
ajfa-469	392	41	.	.	PUNCT
ajfa-469	393	1	the	the	DET
ajfa-469	393	2	transaction	transaction	NOUN
ajfa-469	393	3	cost	cost	NOUN
ajfa-469	393	4	can	can	AUX
ajfa-469	393	5	be	be	AUX
ajfa-469	393	6	taken	take	VERB
ajfa-469	393	7	as	as	ADP
ajfa-469	393	8	1	1	NUM
ajfa-469	393	9	%	%	NOUN
ajfa-469	393	10	for	for	ADP
ajfa-469	393	11	most	most	ADJ
ajfa-469	393	12	investors	investor	NOUN
ajfa-469	393	13	in	in	ADP
ajfa-469	393	14	the	the	DET
ajfa-469	393	15	indian	indian	ADJ
ajfa-469	393	16	stock	stock	NOUN
ajfa-469	393	17	market	market	NOUN
ajfa-469	393	18	.	.	PUNCT
ajfa-469	394	1	the	the	DET
ajfa-469	394	2	low	low	ADJ
ajfa-469	394	3	risk	risk	NOUN
ajfa-469	394	4	in	in	ADP
ajfa-469	394	5	these	these	DET
ajfa-469	394	6	strategies	strategy	NOUN
ajfa-469	394	7	can	can	AUX
ajfa-469	394	8	be	be	AUX
ajfa-469	394	9	gauged	gauge	VERB
ajfa-469	394	10	based	base	VERB
ajfa-469	394	11	on	on	ADP
ajfa-469	394	12	the	the	DET
ajfa-469	394	13	%	%	NOUN
ajfa-469	394	14	of	of	ADP
ajfa-469	394	15	stocks	stock	NOUN
ajfa-469	394	16	for	for	ADP
ajfa-469	394	17	which	which	DET
ajfa-469	394	18	car	car	NOUN
ajfa-469	394	19	>	>	X
ajfa-469	394	20	0	0	NUM
ajfa-469	394	21	which	which	PRON
ajfa-469	394	22	is	be	AUX
ajfa-469	394	23	68	68	NUM
ajfa-469	394	24	%	%	NOUN
ajfa-469	394	25	and	and	CCONJ
ajfa-469	394	26	74	74	NUM
ajfa-469	394	27	%	%	NOUN
ajfa-469	394	28	respectively	respectively	ADV
ajfa-469	394	29	for	for	ADP
ajfa-469	394	30	the	the	DET
ajfa-469	394	31	total	total	ADJ
ajfa-469	394	32	period	period	NOUN
ajfa-469	394	33	.	.	PUNCT
ajfa-469	395	1	this	this	PRON
ajfa-469	395	2	increases	increase	VERB
ajfa-469	395	3	to	to	ADP
ajfa-469	395	4	93	93	NUM
ajfa-469	395	5	%	%	NOUN
ajfa-469	395	6	and	and	CCONJ
ajfa-469	395	7	86	86	NUM
ajfa-469	395	8	%	%	NOUN
ajfa-469	395	9	for	for	ADP
ajfa-469	395	10	the	the	DET
ajfa-469	395	11	second	second	ADJ
ajfa-469	395	12	period	period	NOUN
ajfa-469	395	13	.	.	PUNCT
ajfa-469	396	1	the	the	DET
ajfa-469	396	2	annualized	annualize	VERB
ajfa-469	396	3	risk	risk	NOUN
ajfa-469	396	4	adjusted	adjust	VERB
ajfa-469	396	5	return	return	NOUN
ajfa-469	396	6	of	of	ADP
ajfa-469	396	7	approximately	approximately	ADV
ajfa-469	396	8	200	200	NUM
ajfa-469	396	9	%	%	NOUN
ajfa-469	396	10	and	and	CCONJ
ajfa-469	396	11	100	100	NUM
ajfa-469	396	12	%	%	NOUN
ajfa-469	396	13	respectively	respectively	ADV
ajfa-469	396	14	clearly	clearly	ADV
ajfa-469	396	15	suggests	suggest	VERB
ajfa-469	396	16	economic	economic	ADJ
ajfa-469	396	17	profits	profit	NOUN
ajfa-469	396	18	for	for	ADP
ajfa-469	396	19	most	most	ADJ
ajfa-469	396	20	investors	investor	NOUN
ajfa-469	396	21	in	in	ADP
ajfa-469	396	22	the	the	DET
ajfa-469	396	23	indian	indian	ADJ
ajfa-469	396	24	stock	stock	NOUN
ajfa-469	396	25	market	market	NOUN
ajfa-469	396	26	.	.	PUNCT
ajfa-469	397	1	asian	asian	ADJ
ajfa-469	397	2	journal	journal	PROPN
ajfa-469	397	3	of	of	ADP
ajfa-469	397	4	finance	finance	PROPN
ajfa-469	397	5	&	&	CCONJ
ajfa-469	397	6	accounting	accounting	PROPN
ajfa-469	397	7	issn	issn	PROPN
ajfa-469	397	8	1946	1946	NUM
ajfa-469	397	9	-	-	PUNCT
ajfa-469	397	10	052x	052x	NOUN
ajfa-469	397	11	2010	2010	NUM
ajfa-469	397	12	,	,	PUNCT
ajfa-469	397	13	vol	vol	NOUN
ajfa-469	397	14	.	.	PROPN
ajfa-469	397	15	2	2	NUM
ajfa-469	397	16	,	,	PUNCT
ajfa-469	397	17	no	no	INTJ
ajfa-469	397	18	.	.	NOUN
ajfa-469	397	19	2	2	NUM
ajfa-469	397	20	:	:	PUNCT
ajfa-469	397	21	e4	e4	PROPN
ajfa-469	397	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-469	397	23	76	76	NUM
ajfa-469	397	24	this	this	DET
ajfa-469	397	25	study	study	NOUN
ajfa-469	397	26	has	have	AUX
ajfa-469	397	27	bought	buy	VERB
ajfa-469	397	28	issues	issue	NOUN
ajfa-469	397	29	which	which	PRON
ajfa-469	397	30	require	require	VERB
ajfa-469	397	31	further	further	ADJ
ajfa-469	397	32	research	research	NOUN
ajfa-469	397	33	.	.	PUNCT
ajfa-469	398	1	one	one	NUM
ajfa-469	398	2	such	such	ADJ
ajfa-469	398	3	issue	issue	NOUN
ajfa-469	398	4	may	may	AUX
ajfa-469	398	5	be	be	AUX
ajfa-469	398	6	to	to	PART
ajfa-469	398	7	delineate	delineate	VERB
ajfa-469	398	8	between	between	ADP
ajfa-469	398	9	the	the	DET
ajfa-469	398	10	various	various	ADJ
ajfa-469	398	11	‘	'	PUNCT
ajfa-469	398	12	information	information	NOUN
ajfa-469	398	13	supportive	supportive	ADJ
ajfa-469	398	14	’	'	PUNCT
ajfa-469	398	15	explanations	explanation	NOUN
ajfa-469	398	16	in	in	ADP
ajfa-469	398	17	the	the	DET
ajfa-469	398	18	indian	indian	ADJ
ajfa-469	398	19	stock	stock	NOUN
ajfa-469	398	20	market	market	NOUN
ajfa-469	398	21	.	.	PUNCT
ajfa-469	399	1	another	another	DET
ajfa-469	399	2	issue	issue	NOUN
ajfa-469	399	3	may	may	AUX
ajfa-469	399	4	be	be	AUX
ajfa-469	399	5	further	further	ADJ
ajfa-469	399	6	research	research	NOUN
ajfa-469	399	7	into	into	ADP
ajfa-469	399	8	the	the	DET
ajfa-469	399	9	various	various	ADJ
ajfa-469	399	10	co	co	ADJ
ajfa-469	399	11	-	-	NOUN
ajfa-469	399	12	movement	movement	ADJ
ajfa-469	399	13	hypotheses	hypothesis	NOUN
ajfa-469	399	14	in	in	ADP
ajfa-469	399	15	the	the	DET
ajfa-469	399	16	indian	indian	ADJ
ajfa-469	399	17	stock	stock	NOUN
ajfa-469	399	18	market	market	NOUN
ajfa-469	399	19	.	.	PUNCT
ajfa-469	400	1	acknowledgement	acknowledgement	NOUN
ajfa-469	400	2	:	:	PUNCT
ajfa-469	401	1	i	i	PROPN
ajfa-469	401	2	thank	thank	VERB
ajfa-469	401	3	dr	dr	PROPN
ajfa-469	401	4	.	.	PROPN
ajfa-469	401	5	victor	victor	PROPN
ajfa-469	401	6	louis	louis	PROPN
ajfa-469	401	7	anthuvan	anthuvan	PROPN
ajfa-469	401	8	,	,	PUNCT
ajfa-469	401	9	professor	professor	NOUN
ajfa-469	401	10	of	of	ADP
ajfa-469	401	11	finance	finance	NOUN
ajfa-469	401	12	,	,	PUNCT
ajfa-469	401	13	chairperson	chairperson	NOUN
ajfa-469	401	14	phd	phd	PROPN
ajfa-469	401	15	,	,	PUNCT
ajfa-469	401	16	loyola	loyola	PROPN
ajfa-469	401	17	institute	institute	PROPN
ajfa-469	401	18	of	of	ADP
ajfa-469	401	19	business	business	PROPN
ajfa-469	401	20	administration	administration	PROPN
ajfa-469	401	21	,	,	PUNCT
ajfa-469	401	22	chennai-600034	chennai-600034	NOUN
ajfa-469	401	23	,	,	PUNCT
ajfa-469	401	24	for	for	ADP
ajfa-469	401	25	his	his	PRON
ajfa-469	401	26	guidance	guidance	NOUN
ajfa-469	401	27	and	and	CCONJ
ajfa-469	401	28	support	support	NOUN
ajfa-469	401	29	throughout	throughout	ADP
ajfa-469	401	30	the	the	DET
ajfa-469	401	31	study	study	NOUN
ajfa-469	401	32	.	.	PUNCT
ajfa-469	402	1	i	i	PRON
ajfa-469	402	2	also	also	ADV
ajfa-469	402	3	thank	thank	VERB
ajfa-469	402	4	the	the	DET
ajfa-469	402	5	anonymous	anonymous	ADJ
ajfa-469	402	6	referees	referee	NOUN
ajfa-469	402	7	for	for	ADP
ajfa-469	402	8	their	their	PRON
ajfa-469	402	9	constructive	constructive	ADJ
ajfa-469	402	10	suggestions	suggestion	NOUN
ajfa-469	402	11	.	.	PUNCT
ajfa-469	403	1	references	reference	NOUN
ajfa-469	403	2	amihud	amihud	PROPN
ajfa-469	403	3	,	,	PUNCT
ajfa-469	403	4	y.	y.	PROPN
ajfa-469	403	5	,	,	PUNCT
ajfa-469	403	6	mendelson	mendelson	PROPN
ajfa-469	403	7	,	,	PUNCT
ajfa-469	403	8	h.	h.	PROPN
ajfa-469	403	9	(	(	PUNCT
ajfa-469	403	10	1986	1986	NUM
ajfa-469	403	11	)	)	PUNCT
ajfa-469	403	12	.	.	PUNCT
ajfa-469	404	1	asset	asset	NOUN
ajfa-469	404	2	pricing	pricing	NOUN
ajfa-469	404	3	and	and	CCONJ
ajfa-469	404	4	the	the	DET
ajfa-469	404	5	bid	bid	NOUN
ajfa-469	404	6	-	-	PUNCT
ajfa-469	404	7	ask	ask	NOUN
ajfa-469	404	8	spread	spread	NOUN
ajfa-469	404	9	.	.	PUNCT
ajfa-469	405	1	journal	journal	NOUN
ajfa-469	405	2	of	of	ADP
ajfa-469	405	3	financial	financial	ADJ
ajfa-469	405	4	economics	economic	NOUN
ajfa-469	405	5	,	,	PUNCT
ajfa-469	405	6	17	17	NUM
ajfa-469	405	7	,	,	PUNCT
ajfa-469	405	8	223	223	NUM
ajfa-469	405	9	-	-	SYM
ajfa-469	405	10	249	249	NUM
ajfa-469	405	11	.	.	PUNCT
ajfa-469	406	1	barberis	barberis	PROPN
ajfa-469	406	2	,	,	PUNCT
ajfa-469	406	3	n.	n.	NOUN
ajfa-469	406	4	,	,	PUNCT
ajfa-469	406	5	shliefer	shliefer	NOUN
ajfa-469	406	6	,	,	PUNCT
ajfa-469	406	7	a.	a.	NOUN
ajfa-469	406	8	,	,	PUNCT
ajfa-469	406	9	wurgler	wurgler	NOUN
ajfa-469	406	10	,	,	PUNCT
ajfa-469	406	11	j.	j.	PROPN
ajfa-469	406	12	(	(	PUNCT
ajfa-469	406	13	2002	2002	NUM
ajfa-469	406	14	)	)	PUNCT
ajfa-469	406	15	.	.	PUNCT
ajfa-469	407	1	comovement	comovement	NOUN
ajfa-469	407	2	.	.	PUNCT
ajfa-469	408	1	nber	nber	PROPN
ajfa-469	408	2	working	working	PROPN
ajfa-469	408	3	paper	paper	PROPN
ajfa-469	408	4	no.8884	no.8884	PROPN
ajfa-469	408	5	.	.	PUNCT
ajfa-469	408	6	barberis	barberis	PROPN
ajfa-469	408	7	,	,	PUNCT
ajfa-469	408	8	n.	n.	NOUN
ajfa-469	408	9	,	,	PUNCT
ajfa-469	408	10	shliefer	shliefer	NOUN
ajfa-469	408	11	,	,	PUNCT
ajfa-469	408	12	a.	a.	NOUN
ajfa-469	408	13	,	,	PUNCT
ajfa-469	408	14	wurgler	wurgler	NOUN
ajfa-469	408	15	,	,	PUNCT
ajfa-469	408	16	j.	j.	PROPN
ajfa-469	408	17	(	(	PUNCT
ajfa-469	408	18	2005	2005	NUM
ajfa-469	408	19	)	)	PUNCT
ajfa-469	408	20	.	.	PUNCT
ajfa-469	409	1	comovement	comovement	PROPN
ajfa-469	409	2	.	.	PUNCT
ajfa-469	410	1	journal	journal	NOUN
ajfa-469	410	2	of	of	ADP
ajfa-469	410	3	financial	financial	ADJ
ajfa-469	410	4	economics	economic	NOUN
ajfa-469	410	5	,	,	PUNCT
ajfa-469	410	6	75	75	NUM
ajfa-469	410	7	,	,	PUNCT
ajfa-469	410	8	283	283	NUM
ajfa-469	410	9	-	-	SYM
ajfa-469	410	10	317	317	NUM
ajfa-469	410	11	.	.	PUNCT
ajfa-469	411	1	bekaert	bekaert	PROPN
ajfa-469	411	2	,	,	PUNCT
ajfa-469	411	3	g.	g.	PROPN
ajfa-469	411	4	,	,	PUNCT
ajfa-469	411	5	harvey	harvey	PROPN
ajfa-469	411	6	,	,	PUNCT
ajfa-469	411	7	c.r	c.r	PROPN
ajfa-469	411	8	.	.	PROPN
ajfa-469	411	9	(	(	PUNCT
ajfa-469	411	10	2003	2003	NUM
ajfa-469	411	11	)	)	PUNCT
ajfa-469	411	12	.	.	PUNCT
ajfa-469	412	1	emerging	emerge	VERB
ajfa-469	412	2	market	market	NOUN
ajfa-469	412	3	finance	finance	NOUN
ajfa-469	412	4	.	.	PUNCT
ajfa-469	413	1	journal	journal	NOUN
ajfa-469	413	2	of	of	ADP
ajfa-469	413	3	empirical	empirical	ADJ
ajfa-469	413	4	finance	finance	NOUN
ajfa-469	413	5	,	,	PUNCT
ajfa-469	413	6	10	10	NUM
ajfa-469	413	7	,	,	PUNCT
ajfa-469	413	8	3	3	NUM
ajfa-469	413	9	-	-	SYM
ajfa-469	413	10	55	55	NUM
ajfa-469	413	11	.	.	PUNCT
ajfa-469	414	1	beneish	beneish	PROPN
ajfa-469	414	2	,	,	PUNCT
ajfa-469	414	3	m.d	m.d	PROPN
ajfa-469	414	4	.	.	PROPN
ajfa-469	414	5	,	,	PUNCT
ajfa-469	414	6	whaley	whaley	PROPN
ajfa-469	414	7	,	,	PUNCT
ajfa-469	414	8	r.e	r.e	PROPN
ajfa-469	414	9	.	.	PROPN
ajfa-469	414	10	(	(	PUNCT
ajfa-469	414	11	1996	1996	NUM
ajfa-469	414	12	)	)	PUNCT
ajfa-469	414	13	.	.	PUNCT
ajfa-469	415	1	the	the	DET
ajfa-469	415	2	anatomy	anatomy	NOUN
ajfa-469	415	3	of	of	ADP
ajfa-469	415	4	the	the	DET
ajfa-469	415	5	s&p	s&p	PROPN
ajfa-469	415	6	game	game	NOUN
ajfa-469	415	7	:	:	PUNCT
ajfa-469	415	8	the	the	DET
ajfa-469	415	9	effect	effect	NOUN
ajfa-469	415	10	of	of	ADP
ajfa-469	415	11	changing	change	VERB
ajfa-469	415	12	rules	rule	NOUN
ajfa-469	415	13	.	.	PUNCT
ajfa-469	416	1	journal	journal	NOUN
ajfa-469	416	2	of	of	ADP
ajfa-469	416	3	finance	finance	NOUN
ajfa-469	416	4	,	,	PUNCT
ajfa-469	416	5	51	51	NUM
ajfa-469	416	6	,	,	PUNCT
ajfa-469	416	7	1909	1909	NUM
ajfa-469	416	8	-	-	SYM
ajfa-469	416	9	1930	1930	NUM
ajfa-469	416	10	.	.	PUNCT
ajfa-469	417	1	brennan	brennan	PROPN
ajfa-469	417	2	,	,	PUNCT
ajfa-469	417	3	m.j	m.j	PROPN
ajfa-469	417	4	.	.	PROPN
ajfa-469	417	5	,	,	PUNCT
ajfa-469	417	6	chordia	chordia	PROPN
ajfa-469	417	7	,	,	PUNCT
ajfa-469	417	8	t.	t.	PROPN
ajfa-469	417	9	,	,	PUNCT
ajfa-469	417	10	subrahmanyam	subrahmanyam	NOUN
ajfa-469	417	11	,	,	PUNCT
ajfa-469	417	12	a.	a.	NOUN
ajfa-469	417	13	(	(	PUNCT
ajfa-469	417	14	1998	1998	NUM
ajfa-469	417	15	)	)	PUNCT
ajfa-469	417	16	.	.	PUNCT
ajfa-469	418	1	alternative	alternative	ADJ
ajfa-469	418	2	factor	factor	NOUN
ajfa-469	418	3	specifications	specification	NOUN
ajfa-469	418	4	,	,	PUNCT
ajfa-469	418	5	security	security	NOUN
ajfa-469	418	6	characterstics	characterstic	NOUN
ajfa-469	418	7	,	,	PUNCT
ajfa-469	418	8	and	and	CCONJ
ajfa-469	418	9	the	the	DET
ajfa-469	418	10	cross	cross	NOUN
ajfa-469	418	11	section	section	NOUN
ajfa-469	418	12	of	of	ADP
ajfa-469	418	13	expected	expect	VERB
ajfa-469	418	14	returns	return	NOUN
ajfa-469	418	15	.	.	PUNCT
ajfa-469	419	1	journal	journal	NOUN
ajfa-469	419	2	of	of	ADP
ajfa-469	419	3	financial	financial	ADJ
ajfa-469	419	4	economics	economic	NOUN
ajfa-469	419	5	,	,	PUNCT
ajfa-469	419	6	49	49	NUM
ajfa-469	419	7	,	,	PUNCT
ajfa-469	419	8	345	345	NUM
ajfa-469	419	9	-	-	SYM
ajfa-469	419	10	372	372	NUM
ajfa-469	419	11	.	.	PUNCT
ajfa-469	419	12	brown	brown	PROPN
ajfa-469	419	13	,	,	PUNCT
ajfa-469	419	14	s.j	s.j	PROPN
ajfa-469	419	15	.	.	PROPN
ajfa-469	419	16	,	,	PUNCT
ajfa-469	419	17	warner	warner	PROPN
ajfa-469	419	18	,	,	PUNCT
ajfa-469	419	19	j.b	j.b	PROPN
ajfa-469	419	20	.	.	PUNCT
ajfa-469	420	1	(	(	PUNCT
ajfa-469	420	2	1985	1985	NUM
ajfa-469	420	3	)	)	PUNCT
ajfa-469	420	4	.	.	PUNCT
ajfa-469	421	1	using	use	VERB
ajfa-469	421	2	daily	daily	ADJ
ajfa-469	421	3	stock	stock	NOUN
ajfa-469	421	4	returns	return	NOUN
ajfa-469	421	5	:	:	PUNCT
ajfa-469	421	6	the	the	DET
ajfa-469	421	7	case	case	NOUN
ajfa-469	421	8	of	of	ADP
ajfa-469	421	9	event	event	NOUN
ajfa-469	421	10	studies	study	NOUN
ajfa-469	421	11	.	.	PUNCT
ajfa-469	422	1	journal	journal	PROPN
ajfa-469	422	2	of	of	ADP
ajfa-469	422	3	financial	financial	ADJ
ajfa-469	422	4	economics	economic	NOUN
ajfa-469	422	5	,	,	PUNCT
ajfa-469	422	6	14(1	14(1	NUM
ajfa-469	422	7	)	)	PUNCT
ajfa-469	422	8	,	,	PUNCT
ajfa-469	422	9	3	3	NUM
ajfa-469	422	10	-	-	SYM
ajfa-469	422	11	31	31	NUM
ajfa-469	422	12	.	.	PUNCT
ajfa-469	423	1	chakrabarti	chakrabarti	PROPN
ajfa-469	423	2	,	,	PUNCT
ajfa-469	423	3	r.	r.	PROPN
ajfa-469	423	4	,	,	PUNCT
ajfa-469	423	5	huang	huang	PROPN
ajfa-469	423	6	,	,	PUNCT
ajfa-469	423	7	w.	w.	PROPN
ajfa-469	423	8	,	,	PUNCT
ajfa-469	423	9	jayaraman	jayaraman	NOUN
ajfa-469	423	10	,	,	PUNCT
ajfa-469	423	11	n.	n.	PROPN
ajfa-469	423	12	,	,	PUNCT
ajfa-469	423	13	lee	lee	PROPN
ajfa-469	423	14	,	,	PUNCT
ajfa-469	423	15	j.	j.	PROPN
ajfa-469	423	16	(	(	PUNCT
ajfa-469	423	17	2005	2005	NUM
ajfa-469	423	18	)	)	PUNCT
ajfa-469	423	19	.	.	PUNCT
ajfa-469	424	1	price	price	NOUN
ajfa-469	424	2	and	and	CCONJ
ajfa-469	424	3	volume	volume	NOUN
ajfa-469	424	4	effects	effect	NOUN
ajfa-469	424	5	of	of	ADP
ajfa-469	424	6	changes	change	NOUN
ajfa-469	424	7	in	in	ADP
ajfa-469	424	8	the	the	DET
ajfa-469	424	9	msci	msci	PROPN
ajfa-469	424	10	indices	indice	VERB
ajfa-469	424	11	–	–	PUNCT
ajfa-469	424	12	nature	nature	NOUN
ajfa-469	424	13	and	and	CCONJ
ajfa-469	424	14	causes	cause	NOUN
ajfa-469	424	15	.	.	PUNCT
ajfa-469	425	1	journal	journal	NOUN
ajfa-469	425	2	of	of	ADP
ajfa-469	425	3	banking	banking	NOUN
ajfa-469	425	4	and	and	CCONJ
ajfa-469	425	5	finance	finance	NOUN
ajfa-469	425	6	,	,	PUNCT
ajfa-469	425	7	29	29	NUM
ajfa-469	425	8	,	,	PUNCT
ajfa-469	425	9	1237	1237	NUM
ajfa-469	425	10	-	-	SYM
ajfa-469	425	11	1264	1264	NUM
ajfa-469	425	12	.	.	PUNCT
ajfa-469	426	1	chen	chen	PROPN
ajfa-469	426	2	,	,	PUNCT
ajfa-469	426	3	h.	h.	PROPN
ajfa-469	426	4	,	,	PUNCT
ajfa-469	426	5	noronha	noronha	NOUN
ajfa-469	426	6	,	,	PUNCT
ajfa-469	426	7	g.	g.	PROPN
ajfa-469	426	8	,	,	PUNCT
ajfa-469	426	9	singhal	singhal	PROPN
ajfa-469	426	10	,	,	PUNCT
ajfa-469	426	11	v.	v.	PROPN
ajfa-469	426	12	(	(	PUNCT
ajfa-469	426	13	2004	2004	NUM
ajfa-469	426	14	)	)	PUNCT
ajfa-469	426	15	.	.	PUNCT
ajfa-469	427	1	the	the	DET
ajfa-469	427	2	price	price	NOUN
ajfa-469	427	3	response	response	NOUN
ajfa-469	427	4	to	to	ADP
ajfa-469	427	5	s&p	s&p	PROPN
ajfa-469	427	6	500	500	NUM
ajfa-469	427	7	additions	addition	NOUN
ajfa-469	427	8	and	and	CCONJ
ajfa-469	427	9	deletions	deletion	NOUN
ajfa-469	427	10	:	:	PUNCT
ajfa-469	427	11	evidence	evidence	NOUN
ajfa-469	427	12	of	of	ADP
ajfa-469	427	13	asymmetry	asymmetry	NOUN
ajfa-469	427	14	and	and	CCONJ
ajfa-469	427	15	a	a	DET
ajfa-469	427	16	new	new	ADJ
ajfa-469	427	17	explanation	explanation	NOUN
ajfa-469	427	18	.	.	PUNCT
ajfa-469	428	1	journal	journal	PROPN
ajfa-469	428	2	of	of	ADP
ajfa-469	428	3	finance	finance	NOUN
ajfa-469	428	4	,	,	PUNCT
ajfa-469	428	5	59(4	59(4	NUM
ajfa-469	428	6	)	)	PUNCT
ajfa-469	428	7	,	,	PUNCT
ajfa-469	428	8	1901	1901	NUM
ajfa-469	428	9	-	-	SYM
ajfa-469	428	10	1929	1929	NUM
ajfa-469	428	11	.	.	PUNCT
ajfa-469	429	1	denis	denis	PROPN
ajfa-469	429	2	,	,	PUNCT
ajfa-469	429	3	d.k	d.k	PROPN
ajfa-469	429	4	.	.	PROPN
ajfa-469	429	5	,	,	PUNCT
ajfa-469	429	6	mcconnell	mcconnell	PROPN
ajfa-469	429	7	,	,	PUNCT
ajfa-469	429	8	j.j	j.j	PROPN
ajfa-469	429	9	.	.	PROPN
ajfa-469	429	10	,	,	PUNCT
ajfa-469	429	11	ovtchinnikov	ovtchinnikov	PROPN
ajfa-469	429	12	,	,	PUNCT
ajfa-469	429	13	a.v	a.v	PROPN
ajfa-469	429	14	.	.	PROPN
ajfa-469	429	15	,	,	PUNCT
ajfa-469	429	16	yu	yu	PROPN
ajfa-469	429	17	,	,	PUNCT
ajfa-469	429	18	y.	y.	PROPN
ajfa-469	429	19	(	(	PUNCT
ajfa-469	429	20	2003	2003	NUM
ajfa-469	429	21	)	)	PUNCT
ajfa-469	429	22	.	.	PUNCT
ajfa-469	430	1	s&p	s&p	PROPN
ajfa-469	430	2	500	500	NUM
ajfa-469	430	3	index	index	NOUN
ajfa-469	430	4	additions	addition	NOUN
ajfa-469	430	5	and	and	CCONJ
ajfa-469	430	6	earnings	earning	NOUN
ajfa-469	430	7	expectations	expectation	NOUN
ajfa-469	430	8	.	.	PUNCT
ajfa-469	431	1	journal	journal	PROPN
ajfa-469	431	2	of	of	ADP
ajfa-469	431	3	finance	finance	NOUN
ajfa-469	431	4	,	,	PUNCT
ajfa-469	431	5	58	58	NUM
ajfa-469	431	6	,	,	PUNCT
ajfa-469	431	7	1821	1821	NUM
ajfa-469	431	8	-	-	SYM
ajfa-469	431	9	1840	1840	NUM
ajfa-469	431	10	.	.	PUNCT
ajfa-469	432	1	dhillon	dhillon	PROPN
ajfa-469	432	2	,	,	PUNCT
ajfa-469	432	3	u.	u.	PROPN
ajfa-469	432	4	,	,	PUNCT
ajfa-469	432	5	johnson	johnson	PROPN
ajfa-469	432	6	,	,	PUNCT
ajfa-469	432	7	h.	h.	PROPN
ajfa-469	432	8	(	(	PUNCT
ajfa-469	432	9	1991	1991	NUM
ajfa-469	432	10	)	)	PUNCT
ajfa-469	432	11	.	.	PUNCT
ajfa-469	433	1	changes	change	NOUN
ajfa-469	433	2	in	in	ADP
ajfa-469	433	3	the	the	DET
ajfa-469	433	4	standard	standard	NOUN
ajfa-469	433	5	and	and	CCONJ
ajfa-469	433	6	poor	poor	ADJ
ajfa-469	433	7	’s	’s	PART
ajfa-469	433	8	500	500	NUM
ajfa-469	433	9	list	list	NOUN
ajfa-469	433	10	.	.	PUNCT
ajfa-469	434	1	journal	journal	NOUN
ajfa-469	434	2	of	of	ADP
ajfa-469	434	3	business	business	NOUN
ajfa-469	434	4	,	,	PUNCT
ajfa-469	434	5	64	64	NUM
ajfa-469	434	6	,	,	PUNCT
ajfa-469	434	7	75	75	NUM
ajfa-469	434	8	-	-	SYM
ajfa-469	434	9	85	85	NUM
ajfa-469	434	10	.	.	PUNCT
ajfa-469	435	1	elliot	elliot	PROPN
ajfa-469	435	2	.	.	PUNCT
ajfa-469	436	1	w.	w.	PROPN
ajfa-469	436	2	,	,	PUNCT
ajfa-469	436	3	warr	warr	PROPN
ajfa-469	436	4	.	.	PROPN
ajfa-469	436	5	r.	r.	PROPN
ajfa-469	436	6	(	(	PUNCT
ajfa-469	436	7	2003	2003	NUM
ajfa-469	436	8	)	)	PUNCT
ajfa-469	436	9	.	.	PUNCT
ajfa-469	437	1	price	price	NOUN
ajfa-469	437	2	pressure	pressure	NOUN
ajfa-469	437	3	on	on	ADP
ajfa-469	437	4	the	the	DET
ajfa-469	437	5	nyse	nyse	PROPN
ajfa-469	437	6	and	and	CCONJ
ajfa-469	437	7	the	the	DET
ajfa-469	437	8	nasdaq	nasdaq	NOUN
ajfa-469	437	9	:	:	PUNCT
ajfa-469	437	10	evidence	evidence	NOUN
ajfa-469	437	11	from	from	ADP
ajfa-469	437	12	the	the	DET
ajfa-469	437	13	s&p	s&p	PROPN
ajfa-469	437	14	500	500	NUM
ajfa-469	437	15	index	index	NOUN
ajfa-469	437	16	changes	change	NOUN
ajfa-469	437	17	.	.	PUNCT
ajfa-469	438	1	financial	financial	ADJ
ajfa-469	438	2	management	management	NOUN
ajfa-469	438	3	,	,	PUNCT
ajfa-469	438	4	autumn	autumn	NOUN
ajfa-469	438	5	85	85	NUM
ajfa-469	438	6	-	-	SYM
ajfa-469	438	7	99	99	NUM
ajfa-469	438	8	.	.	PUNCT
ajfa-469	439	1	elliot	elliot	PROPN
ajfa-469	439	2	,	,	PUNCT
ajfa-469	439	3	w.	w.	PROPN
ajfa-469	439	4	,	,	PUNCT
ajfa-469	439	5	van	van	PROPN
ajfa-469	439	6	ness	ness	PROPN
ajfa-469	439	7	,	,	PUNCT
ajfa-469	439	8	b.	b.	PROPN
ajfa-469	439	9	,	,	PUNCT
ajfa-469	439	10	walker	walker	PROPN
ajfa-469	439	11	,	,	PUNCT
ajfa-469	439	12	m.	m.	NOUN
ajfa-469	439	13	,	,	PUNCT
ajfa-469	439	14	warr	warr	PROPN
ajfa-469	439	15	,	,	PUNCT
ajfa-469	439	16	r.	r.	PROPN
ajfa-469	439	17	(	(	PUNCT
ajfa-469	439	18	2006	2006	NUM
ajfa-469	439	19	)	)	PUNCT
ajfa-469	439	20	.	.	PUNCT
ajfa-469	440	1	what	what	PRON
ajfa-469	440	2	drives	drive	VERB
ajfa-469	440	3	the	the	DET
ajfa-469	440	4	s&p	s&p	PROPN
ajfa-469	440	5	500	500	NUM
ajfa-469	440	6	inclusion	inclusion	NOUN
ajfa-469	440	7	asian	asian	ADJ
ajfa-469	440	8	journal	journal	NOUN
ajfa-469	440	9	of	of	ADP
ajfa-469	440	10	finance	finance	PROPN
ajfa-469	440	11	&	&	CCONJ
ajfa-469	440	12	accounting	accounting	PROPN
ajfa-469	440	13	issn	issn	PROPN
ajfa-469	440	14	1946	1946	NUM
ajfa-469	440	15	-	-	PUNCT
ajfa-469	440	16	052x	052x	NOUN
ajfa-469	440	17	2010	2010	NUM
ajfa-469	440	18	,	,	PUNCT
ajfa-469	440	19	vol	vol	NOUN
ajfa-469	440	20	.	.	PROPN
ajfa-469	440	21	2	2	NUM
ajfa-469	440	22	,	,	PUNCT
ajfa-469	440	23	no	no	INTJ
ajfa-469	440	24	.	.	NOUN
ajfa-469	440	25	2	2	NUM
ajfa-469	440	26	:	:	PUNCT
ajfa-469	440	27	e4	e4	PROPN
ajfa-469	440	28	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	440	29	77	77	NUM
ajfa-469	440	30	effect	effect	NOUN
ajfa-469	440	31	?	?	PUNCT
ajfa-469	440	32	,	,	PUNCT
ajfa-469	440	33	an	an	DET
ajfa-469	440	34	analytical	analytical	ADJ
ajfa-469	440	35	survey	survey	NOUN
ajfa-469	440	36	,	,	PUNCT
ajfa-469	440	37	financial	financial	ADJ
ajfa-469	440	38	management	management	NOUN
ajfa-469	440	39	,	,	PUNCT
ajfa-469	440	40	35	35	NUM
ajfa-469	440	41	,	,	PUNCT
ajfa-469	440	42	31	31	NUM
ajfa-469	440	43	-	-	SYM
ajfa-469	440	44	48	48	NUM
ajfa-469	440	45	.	.	PUNCT
ajfa-469	441	1	fama	fama	PROPN
ajfa-469	441	2	,	,	PUNCT
ajfa-469	441	3	e.f	e.f	PROPN
ajfa-469	441	4	.	.	PROPN
ajfa-469	441	5	,	,	PUNCT
ajfa-469	441	6	(	(	PUNCT
ajfa-469	441	7	1970	1970	NUM
ajfa-469	441	8	)	)	PUNCT
ajfa-469	441	9	.	.	PUNCT
ajfa-469	442	1	efficient	efficient	ADJ
ajfa-469	442	2	capital	capital	NOUN
ajfa-469	442	3	markets	market	NOUN
ajfa-469	442	4	:	:	PUNCT
ajfa-469	442	5	a	a	DET
ajfa-469	442	6	review	review	NOUN
ajfa-469	442	7	of	of	ADP
ajfa-469	442	8	theory	theory	NOUN
ajfa-469	442	9	and	and	CCONJ
ajfa-469	442	10	empirical	empirical	ADJ
ajfa-469	442	11	work	work	NOUN
ajfa-469	442	12	.	.	PUNCT
ajfa-469	443	1	journal	journal	PROPN
ajfa-469	443	2	of	of	ADP
ajfa-469	443	3	finance	finance	NOUN
ajfa-469	443	4	,	,	PUNCT
ajfa-469	443	5	25(1	25(1	NUM
ajfa-469	443	6	)	)	PUNCT
ajfa-469	443	7	,	,	PUNCT
ajfa-469	443	8	383–417	383–417	NUM
ajfa-469	443	9	.	.	PUNCT
ajfa-469	444	1	fama	fama	PROPN
ajfa-469	444	2	,	,	PUNCT
ajfa-469	444	3	e.f	e.f	PROPN
ajfa-469	444	4	.	.	PROPN
ajfa-469	444	5	,	,	PUNCT
ajfa-469	444	6	(	(	PUNCT
ajfa-469	444	7	1991	1991	NUM
ajfa-469	444	8	)	)	PUNCT
ajfa-469	444	9	.	.	PUNCT
ajfa-469	445	1	efficient	efficient	ADJ
ajfa-469	445	2	capital	capital	NOUN
ajfa-469	445	3	markets	market	NOUN
ajfa-469	445	4	:	:	PUNCT
ajfa-469	445	5	ii	ii	PROPN
ajfa-469	445	6	.	.	PROPN
ajfa-469	445	7	journal	journal	PROPN
ajfa-469	445	8	of	of	ADP
ajfa-469	445	9	finance	finance	NOUN
ajfa-469	445	10	,	,	PUNCT
ajfa-469	445	11	46(5	46(5	PROPN
ajfa-469	445	12	)	)	PUNCT
ajfa-469	445	13	,	,	PUNCT
ajfa-469	445	14	1575–1617	1575–1617	NUM
ajfa-469	445	15	.	.	PUNCT
ajfa-469	446	1	harris	harris	PROPN
ajfa-469	446	2	,	,	PUNCT
ajfa-469	446	3	l.	l.	PROPN
ajfa-469	446	4	,	,	PUNCT
ajfa-469	446	5	gurel	gurel	PROPN
ajfa-469	446	6	,	,	PUNCT
ajfa-469	446	7	e.	e.	PROPN
ajfa-469	446	8	(	(	PUNCT
ajfa-469	446	9	1986	1986	NUM
ajfa-469	446	10	)	)	PUNCT
ajfa-469	446	11	.	.	PUNCT
ajfa-469	447	1	price	price	NOUN
ajfa-469	447	2	and	and	CCONJ
ajfa-469	447	3	volume	volume	NOUN
ajfa-469	447	4	effects	effect	NOUN
ajfa-469	447	5	associated	associate	VERB
ajfa-469	447	6	with	with	ADP
ajfa-469	447	7	changes	change	NOUN
ajfa-469	447	8	in	in	ADP
ajfa-469	447	9	the	the	DET
ajfa-469	447	10	s&p	s&p	PROPN
ajfa-469	447	11	500	500	NUM
ajfa-469	447	12	list	list	NOUN
ajfa-469	447	13	,	,	PUNCT
ajfa-469	447	14	new	new	ADJ
ajfa-469	447	15	evidence	evidence	NOUN
ajfa-469	447	16	for	for	ADP
ajfa-469	447	17	the	the	DET
ajfa-469	447	18	existence	existence	NOUN
ajfa-469	447	19	of	of	ADP
ajfa-469	447	20	price	price	NOUN
ajfa-469	447	21	pressures	pressure	NOUN
ajfa-469	447	22	.	.	PUNCT
ajfa-469	448	1	journal	journal	PROPN
ajfa-469	448	2	of	of	ADP
ajfa-469	448	3	finance	finance	NOUN
ajfa-469	448	4	,	,	PUNCT
ajfa-469	448	5	41	41	NUM
ajfa-469	448	6	,	,	PUNCT
ajfa-469	448	7	815	815	NUM
ajfa-469	448	8	-	-	SYM
ajfa-469	448	9	829	829	NUM
ajfa-469	448	10	.	.	PUNCT
ajfa-469	449	1	hacibedel	hacibedel	PROPN
ajfa-469	449	2	,	,	PUNCT
ajfa-469	449	3	b.	b.	PROPN
ajfa-469	449	4	,	,	PUNCT
ajfa-469	449	5	(	(	PUNCT
ajfa-469	449	6	2008	2008	NUM
ajfa-469	449	7	)	)	PUNCT
ajfa-469	449	8	.	.	PUNCT
ajfa-469	450	1	index	index	NOUN
ajfa-469	450	2	changes	change	NOUN
ajfa-469	450	3	in	in	ADP
ajfa-469	450	4	emerging	emerge	VERB
ajfa-469	450	5	markets	market	NOUN
ajfa-469	450	6	.	.	PUNCT
ajfa-469	451	1	swedish	swedish	PROPN
ajfa-469	451	2	institute	institute	PROPN
ajfa-469	451	3	of	of	ADP
ajfa-469	451	4	financial	financial	ADJ
ajfa-469	451	5	research	research	NOUN
ajfa-469	451	6	working	working	NOUN
ajfa-469	451	7	paper	paper	NOUN
ajfa-469	451	8	,	,	PUNCT
ajfa-469	451	9	saltmatagatan	saltmatagatan	PROPN
ajfa-469	451	10	,	,	PUNCT
ajfa-469	451	11	19a	19a	NUM
ajfa-469	451	12	,	,	PUNCT
ajfa-469	451	13	se-113	se-113	PROPN
ajfa-469	451	14	,	,	PUNCT
ajfa-469	451	15	59	59	NUM
ajfa-469	451	16	,	,	PUNCT
ajfa-469	451	17	stockholm	stockholm	PROPN
ajfa-469	451	18	,	,	PUNCT
ajfa-469	451	19	sweden	sweden	PROPN
ajfa-469	451	20	.	.	PUNCT
ajfa-469	451	21	hrazdil	hrazdil	PROPN
ajfa-469	451	22	,	,	PUNCT
ajfa-469	451	23	k.	k.	PROPN
ajfa-469	451	24	,	,	PUNCT
ajfa-469	451	25	(	(	PUNCT
ajfa-469	451	26	2009	2009	NUM
ajfa-469	451	27	)	)	PUNCT
ajfa-469	451	28	the	the	DET
ajfa-469	451	29	price	price	NOUN
ajfa-469	451	30	,	,	PUNCT
ajfa-469	451	31	liquidity	liquidity	NOUN
ajfa-469	451	32	and	and	CCONJ
ajfa-469	451	33	information	information	NOUN
ajfa-469	451	34	asymmetry	asymmetry	NOUN
ajfa-469	451	35	changes	change	NOUN
ajfa-469	451	36	associated	associate	VERB
ajfa-469	451	37	with	with	ADP
ajfa-469	451	38	new	new	ADJ
ajfa-469	451	39	s&p	s&p	PROPN
ajfa-469	451	40	500	500	NUM
ajfa-469	451	41	additions	addition	NOUN
ajfa-469	451	42	.	.	PUNCT
ajfa-469	452	1	managerial	managerial	ADJ
ajfa-469	452	2	finance	finance	NOUN
ajfa-469	452	3	,	,	PUNCT
ajfa-469	452	4	vol	vol	NOUN
ajfa-469	452	5	.	.	PROPN
ajfa-469	452	6	35	35	NUM
ajfa-469	452	7	iss	iss	PROPN
ajfa-469	452	8	:	:	PUNCT
ajfa-469	452	9	7	7	NUM
ajfa-469	452	10	,	,	PUNCT
ajfa-469	452	11	pp.579	pp.579	PROPN
ajfa-469	452	12	–	–	PUNCT
ajfa-469	452	13	605	605	NUM
ajfa-469	452	14	.	.	PUNCT
ajfa-469	452	15	jain	jain	PROPN
ajfa-469	452	16	,	,	PUNCT
ajfa-469	452	17	p.c	p.c	PROPN
ajfa-469	452	18	.	.	PROPN
ajfa-469	452	19	,	,	PUNCT
ajfa-469	452	20	(	(	PUNCT
ajfa-469	452	21	1987	1987	NUM
ajfa-469	452	22	)	)	PUNCT
ajfa-469	452	23	.	.	PUNCT
ajfa-469	453	1	the	the	DET
ajfa-469	453	2	effect	effect	NOUN
ajfa-469	453	3	on	on	ADP
ajfa-469	453	4	stock	stock	NOUN
ajfa-469	453	5	price	price	NOUN
ajfa-469	453	6	of	of	ADP
ajfa-469	453	7	inclusion	inclusion	NOUN
ajfa-469	453	8	in	in	ADP
ajfa-469	453	9	or	or	CCONJ
ajfa-469	453	10	exclusion	exclusion	NOUN
ajfa-469	453	11	from	from	ADP
ajfa-469	453	12	the	the	DET
ajfa-469	453	13	s&p	s&p	PROPN
ajfa-469	453	14	500	500	NUM
ajfa-469	453	15	.	.	PUNCT
ajfa-469	454	1	financial	financial	ADJ
ajfa-469	454	2	analyst	analyst	NOUN
ajfa-469	454	3	journal	journal	NOUN
ajfa-469	454	4	,	,	PUNCT
ajfa-469	454	5	43	43	NUM
ajfa-469	454	6	,	,	PUNCT
ajfa-469	454	7	58	58	NUM
ajfa-469	454	8	-	-	SYM
ajfa-469	454	9	65	65	NUM
ajfa-469	454	10	.	.	PUNCT
ajfa-469	455	1	kumar	kumar	PROPN
ajfa-469	455	2	,	,	PUNCT
ajfa-469	455	3	s.s.s	s.s.s	PROPN
ajfa-469	455	4	.	.	PUNCT
ajfa-469	455	5	,	,	PUNCT
ajfa-469	455	6	(	(	PUNCT
ajfa-469	455	7	2005	2005	NUM
ajfa-469	455	8	)	)	PUNCT
ajfa-469	455	9	.	.	PUNCT
ajfa-469	456	1	price	price	NOUN
ajfa-469	456	2	and	and	CCONJ
ajfa-469	456	3	volume	volume	NOUN
ajfa-469	456	4	effects	effect	NOUN
ajfa-469	456	5	of	of	ADP
ajfa-469	456	6	s&p	s&p	PROPN
ajfa-469	456	7	nifty	nifty	ADJ
ajfa-469	456	8	index	index	NOUN
ajfa-469	456	9	reorganizations	reorganization	NOUN
ajfa-469	456	10	.	.	PUNCT
ajfa-469	457	1	nse	nse	NOUN
ajfa-469	457	2	research	research	NOUN
ajfa-469	457	3	initiative	initiative	NOUN
ajfa-469	457	4	,	,	PUNCT
ajfa-469	457	5	working	working	NOUN
ajfa-469	457	6	paper	paper	NOUN
ajfa-469	457	7	no	no	INTJ
ajfa-469	457	8	.	.	PROPN
ajfa-469	457	9	90	90	NUM
ajfa-469	457	10	,	,	PUNCT
ajfa-469	457	11	http://www.nseindia.com/content/research/comppaper90.pdf	http://www.nseindia.com/content/research/comppaper90.pdf	NUM
ajfa-469	457	12	.	.	PUNCT
ajfa-469	458	1	li	li	PROPN
ajfa-469	458	2	.	.	PUNCT
ajfa-469	459	1	y.	y.	PROPN
ajfa-469	459	2	,	,	PUNCT
ajfa-469	459	3	sadeghi	sadeghi	PROPN
ajfa-469	459	4	.	.	PUNCT
ajfa-469	460	1	m.	m.	NOUN
ajfa-469	460	2	(	(	PUNCT
ajfa-469	460	3	2009	2009	NUM
ajfa-469	460	4	)	)	PUNCT
ajfa-469	460	5	.	.	PUNCT
ajfa-469	461	1	price	price	NOUN
ajfa-469	461	2	performance	performance	NOUN
ajfa-469	461	3	and	and	CCONJ
ajfa-469	461	4	the	the	DET
ajfa-469	461	5	liquidity	liquidity	NOUN
ajfa-469	461	6	effects	effect	NOUN
ajfa-469	461	7	of	of	ADP
ajfa-469	461	8	index	index	NOUN
ajfa-469	461	9	additions	addition	NOUN
ajfa-469	461	10	and	and	CCONJ
ajfa-469	461	11	deletions	deletion	NOUN
ajfa-469	461	12	–	–	PUNCT
ajfa-469	461	13	evidence	evidence	NOUN
ajfa-469	461	14	from	from	ADP
ajfa-469	461	15	chinese	chinese	ADJ
ajfa-469	461	16	equity	equity	NOUN
ajfa-469	461	17	market	market	NOUN
ajfa-469	461	18	.	.	PUNCT
ajfa-469	462	1	asian	asian	ADJ
ajfa-469	462	2	journal	journal	PROPN
ajfa-469	462	3	of	of	ADP
ajfa-469	462	4	finance	finance	NOUN
ajfa-469	462	5	and	and	CCONJ
ajfa-469	462	6	accounting	accounting	NOUN
ajfa-469	462	7	,	,	PUNCT
ajfa-469	462	8	vol	vol	VERB
ajfa-469	462	9	i	i	PRON
ajfa-469	462	10	,	,	PUNCT
ajfa-469	462	11	no	no	DET
ajfa-469	462	12	2	2	NUM
ajfa-469	462	13	:	:	PUNCT
ajfa-469	462	14	e2	e2	PROPN
ajfa-469	462	15	.	.	PUNCT
ajfa-469	463	1	lynch	lynch	PROPN
ajfa-469	463	2	,	,	PUNCT
ajfa-469	463	3	a.	a.	PROPN
ajfa-469	463	4	,	,	PUNCT
ajfa-469	463	5	mendenhall	mendenhall	PROPN
ajfa-469	463	6	,	,	PUNCT
ajfa-469	463	7	r.	r.	PROPN
ajfa-469	463	8	(	(	PUNCT
ajfa-469	463	9	1997	1997	NUM
ajfa-469	463	10	)	)	PUNCT
ajfa-469	463	11	.	.	PUNCT
ajfa-469	464	1	new	new	ADJ
ajfa-469	464	2	evidence	evidence	NOUN
ajfa-469	464	3	on	on	ADP
ajfa-469	464	4	stock	stock	NOUN
ajfa-469	464	5	price	price	NOUN
ajfa-469	464	6	effects	effect	NOUN
ajfa-469	464	7	associated	associate	VERB
ajfa-469	464	8	with	with	ADP
ajfa-469	464	9	changes	change	NOUN
ajfa-469	464	10	in	in	ADP
ajfa-469	464	11	the	the	DET
ajfa-469	464	12	s&p	s&p	PROPN
ajfa-469	464	13	500	500	NUM
ajfa-469	464	14	.	.	PUNCT
ajfa-469	465	1	journal	journal	PROPN
ajfa-469	465	2	of	of	ADP
ajfa-469	465	3	business	business	NOUN
ajfa-469	465	4	,	,	PUNCT
ajfa-469	465	5	70	70	NUM
ajfa-469	465	6	,	,	PUNCT
ajfa-469	465	7	351	351	NUM
ajfa-469	465	8	-	-	SYM
ajfa-469	465	9	384	384	NUM
ajfa-469	465	10	.	.	PUNCT
ajfa-469	466	1	mackinlay	mackinlay	PROPN
ajfa-469	466	2	,	,	PUNCT
ajfa-469	466	3	a.c	a.c	PROPN
ajfa-469	466	4	.	.	PROPN
ajfa-469	466	5	,	,	PUNCT
ajfa-469	466	6	(	(	PUNCT
ajfa-469	466	7	1997	1997	NUM
ajfa-469	466	8	)	)	PUNCT
ajfa-469	466	9	.	.	PUNCT
ajfa-469	467	1	event	event	NOUN
ajfa-469	467	2	studies	study	NOUN
ajfa-469	467	3	in	in	ADP
ajfa-469	467	4	economics	economic	NOUN
ajfa-469	467	5	and	and	CCONJ
ajfa-469	467	6	finance	finance	NOUN
ajfa-469	467	7	.	.	PUNCT
ajfa-469	468	1	journal	journal	NOUN
ajfa-469	468	2	of	of	ADP
ajfa-469	468	3	economic	economic	ADJ
ajfa-469	468	4	literature	literature	NOUN
ajfa-469	468	5	,	,	PUNCT
ajfa-469	468	6	35(1	35(1	NUM
ajfa-469	468	7	)	)	PUNCT
ajfa-469	468	8	,	,	PUNCT
ajfa-469	468	9	13	13	NUM
ajfa-469	468	10	-	-	SYM
ajfa-469	468	11	39	39	NUM
ajfa-469	468	12	.	.	PUNCT
ajfa-469	469	1	mase	mase	PROPN
ajfa-469	469	2	,	,	PUNCT
ajfa-469	469	3	b.	b.	PROPN
ajfa-469	469	4	,	,	PUNCT
ajfa-469	469	5	(	(	PUNCT
ajfa-469	469	6	2002	2002	NUM
ajfa-469	469	7	)	)	PUNCT
ajfa-469	469	8	.	.	PUNCT
ajfa-469	470	1	the	the	DET
ajfa-469	470	2	impact	impact	NOUN
ajfa-469	470	3	of	of	ADP
ajfa-469	470	4	changes	change	NOUN
ajfa-469	470	5	in	in	ADP
ajfa-469	470	6	the	the	DET
ajfa-469	470	7	ftse	ftse	PROPN
ajfa-469	470	8	100	100	NUM
ajfa-469	470	9	index	index	NOUN
ajfa-469	470	10	.	.	PUNCT
ajfa-469	471	1	brunel	brunel	PROPN
ajfa-469	471	2	department	department	PROPN
ajfa-469	471	3	of	of	ADP
ajfa-469	471	4	economics	economic	NOUN
ajfa-469	471	5	and	and	CCONJ
ajfa-469	471	6	finance	finance	NOUN
ajfa-469	471	7	,	,	PUNCT
ajfa-469	471	8	discussion	discussion	NOUN
ajfa-469	471	9	paper	paper	NOUN
ajfa-469	471	10	,	,	PUNCT
ajfa-469	471	11	02	02	NUM
ajfa-469	471	12	-	-	SYM
ajfa-469	471	13	25	25	NUM
ajfa-469	471	14	.	.	PUNCT
ajfa-469	471	15	merton	merton	PROPN
ajfa-469	471	16	,	,	PUNCT
ajfa-469	471	17	r.c	r.c	PROPN
ajfa-469	471	18	.	.	PROPN
ajfa-469	471	19	,	,	PUNCT
ajfa-469	471	20	(	(	PUNCT
ajfa-469	471	21	1987	1987	NUM
ajfa-469	471	22	)	)	PUNCT
ajfa-469	471	23	.	.	PUNCT
ajfa-469	472	1	a	a	DET
ajfa-469	472	2	simple	simple	ADJ
ajfa-469	472	3	model	model	NOUN
ajfa-469	472	4	of	of	ADP
ajfa-469	472	5	capital	capital	NOUN
ajfa-469	472	6	market	market	NOUN
ajfa-469	472	7	equilibrium	equilibrium	NOUN
ajfa-469	472	8	with	with	ADP
ajfa-469	472	9	incomplete	incomplete	ADJ
ajfa-469	472	10	information	information	NOUN
ajfa-469	472	11	.	.	PUNCT
ajfa-469	473	1	journal	journal	PROPN
ajfa-469	473	2	of	of	ADP
ajfa-469	473	3	finance	finance	NOUN
ajfa-469	473	4	,	,	PUNCT
ajfa-469	473	5	42	42	NUM
ajfa-469	473	6	,	,	PUNCT
ajfa-469	473	7	483	483	NUM
ajfa-469	473	8	-	-	SYM
ajfa-469	473	9	510	510	NUM
ajfa-469	473	10	.	.	PUNCT
ajfa-469	474	1	shleifer	shleifer	PROPN
ajfa-469	474	2	,	,	PUNCT
ajfa-469	474	3	a.	a.	NOUN
ajfa-469	474	4	,	,	PUNCT
ajfa-469	474	5	(	(	PUNCT
ajfa-469	474	6	1986	1986	NUM
ajfa-469	474	7	)	)	PUNCT
ajfa-469	474	8	.	.	PUNCT
ajfa-469	475	1	do	do	AUX
ajfa-469	475	2	demand	demand	NOUN
ajfa-469	475	3	curve	curve	NOUN
ajfa-469	475	4	for	for	ADP
ajfa-469	475	5	stocks	stock	NOUN
ajfa-469	475	6	slope	slope	VERB
ajfa-469	475	7	down	down	ADP
ajfa-469	475	8	?	?	PUNCT
ajfa-469	475	9	.	.	PUNCT
ajfa-469	476	1	journal	journal	PROPN
ajfa-469	476	2	of	of	ADP
ajfa-469	476	3	finance	finance	NOUN
ajfa-469	476	4	,	,	PUNCT
ajfa-469	476	5	41	41	NUM
ajfa-469	476	6	,	,	PUNCT
ajfa-469	476	7	579	579	NUM
ajfa-469	476	8	-	-	SYM
ajfa-469	476	9	590	590	NUM
ajfa-469	476	10	.	.	PUNCT
ajfa-469	477	1	vijh	vijh	NOUN
ajfa-469	477	2	,	,	PUNCT
ajfa-469	477	3	a.m.	a.m.	ADV
ajfa-469	477	4	,	,	PUNCT
ajfa-469	477	5	(	(	PUNCT
ajfa-469	477	6	1994	1994	NUM
ajfa-469	477	7	)	)	PUNCT
ajfa-469	477	8	.	.	PUNCT
ajfa-469	478	1	s&p	s&p	PROPN
ajfa-469	478	2	500	500	NUM
ajfa-469	478	3	trading	trading	NOUN
ajfa-469	478	4	strategies	strategy	NOUN
ajfa-469	478	5	and	and	CCONJ
ajfa-469	478	6	stock	stock	NOUN
ajfa-469	478	7	betas	beta	NOUN
ajfa-469	478	8	.	.	PUNCT
ajfa-469	479	1	review	review	NOUN
ajfa-469	479	2	of	of	ADP
ajfa-469	479	3	financial	financial	ADJ
ajfa-469	479	4	studies	study	NOUN
ajfa-469	479	5	,	,	PUNCT
ajfa-469	479	6	7	7	NUM
ajfa-469	479	7	,	,	PUNCT
ajfa-469	479	8	215	215	NUM
ajfa-469	479	9	-	-	SYM
ajfa-469	479	10	251	251	NUM
ajfa-469	479	11	.	.	PUNCT
ajfa-469	480	1	wurgler	wurgler	NOUN
ajfa-469	480	2	,	,	PUNCT
ajfa-469	480	3	j.	j.	PROPN
ajfa-469	480	4	,	,	PUNCT
ajfa-469	480	5	zhuravskaya	zhuravskaya	PROPN
ajfa-469	480	6	,	,	PUNCT
ajfa-469	480	7	e.(2002	e.(2002	PROPN
ajfa-469	480	8	)	)	PUNCT
ajfa-469	480	9	.	.	PUNCT
ajfa-469	481	1	does	do	AUX
ajfa-469	481	2	arbitrage	arbitrage	NOUN
ajfa-469	481	3	flatten	flatten	VERB
ajfa-469	481	4	demand	demand	NOUN
ajfa-469	481	5	curve	curve	NOUN
ajfa-469	481	6	for	for	ADP
ajfa-469	481	7	stocks	stock	NOUN
ajfa-469	481	8	?	?	PUNCT
ajfa-469	481	9	.	.	PUNCT
ajfa-469	482	1	journal	journal	PROPN
ajfa-469	482	2	of	of	ADP
ajfa-469	482	3	business	business	NOUN
ajfa-469	482	4	,	,	PUNCT
ajfa-469	482	5	75	75	NUM
ajfa-469	482	6	,	,	PUNCT
ajfa-469	482	7	583	583	NUM
ajfa-469	482	8	-	-	SYM
ajfa-469	482	9	608	608	NUM
ajfa-469	482	10	.	.	PUNCT
ajfa-469	483	1	appendix	appendix	VERB
ajfa-469	483	2	appendix	appendix	ADJ
ajfa-469	483	3	1	1	NUM
ajfa-469	483	4	.	.	PUNCT
ajfa-469	483	5	list	list	NOUN
ajfa-469	483	6	of	of	ADP
ajfa-469	483	7	stocks	stock	NOUN
ajfa-469	483	8	included	include	VERB
ajfa-469	483	9	to	to	ADP
ajfa-469	483	10	nifty	nifty	ADJ
ajfa-469	483	11	index	index	NOUN
ajfa-469	483	12	between	between	ADP
ajfa-469	483	13	1999	1999	NUM
ajfa-469	483	14	-2010	-2010	PROPN
ajfa-469	483	15	asian	asian	PROPN
ajfa-469	483	16	journal	journal	PROPN
ajfa-469	483	17	of	of	ADP
ajfa-469	483	18	finance	finance	PROPN
ajfa-469	483	19	&	&	CCONJ
ajfa-469	483	20	accounting	accounting	PROPN
ajfa-469	483	21	issn	issn	PROPN
ajfa-469	483	22	1946	1946	NUM
ajfa-469	483	23	-	-	PUNCT
ajfa-469	483	24	052x	052x	NOUN
ajfa-469	483	25	2010	2010	NUM
ajfa-469	483	26	,	,	PUNCT
ajfa-469	483	27	vol	vol	NOUN
ajfa-469	483	28	.	.	PROPN
ajfa-469	483	29	2	2	NUM
ajfa-469	483	30	,	,	PUNCT
ajfa-469	483	31	no	no	INTJ
ajfa-469	483	32	.	.	NOUN
ajfa-469	483	33	2	2	NUM
ajfa-469	483	34	:	:	PUNCT
ajfa-469	483	35	e4	e4	PROPN
ajfa-469	483	36	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	483	37	78	78	NUM
ajfa-469	483	38	ad	ad	NOUN
ajfa-469	483	39	stock	stock	NOUN
ajfa-469	483	40	symbol	symbol	NOUN
ajfa-469	483	41	ed	ed	PROPN
ajfa-469	483	42	24	24	NUM
ajfa-469	483	43	-	-	PUNCT
ajfa-469	483	44	feb-10	feb-10	NUM
ajfa-469	483	45	kotakbank	kotakbank	PROPN
ajfa-469	483	46	08	08	NUM
ajfa-469	483	47	-	-	PUNCT
ajfa-469	483	48	apr-10	apr-10	PRON
ajfa-469	483	49	04	04	NUM
ajfa-469	483	50	-	-	PUNCT
ajfa-469	483	51	sep-09	sep-09	NUM
ajfa-469	483	52	jp	jp	NOUN
ajfa-469	483	53	associat	associat	VERB
ajfa-469	483	54	22	22	NUM
ajfa-469	483	55	-	-	PUNCT
ajfa-469	483	56	oct-09	oct-09	NUM
ajfa-469	483	57	04	04	NUM
ajfa-469	483	58	-	-	PUNCT
ajfa-469	483	59	sep-09	sep-09	NUM
ajfa-469	483	60	idfc	idfc	NOUN
ajfa-469	483	61	22	22	NUM
ajfa-469	483	62	-	-	PUNCT
ajfa-469	483	63	oct-09	oct-09	PRON
ajfa-469	483	64	19	19	NUM
ajfa-469	483	65	-	-	PUNCT
ajfa-469	483	66	may-09	may-09	ADJ
ajfa-469	483	67	jindalsteel	jindalsteel	NOUN
ajfa-469	483	68	17	17	NUM
ajfa-469	483	69	-	-	PUNCT
ajfa-469	483	70	jun-09	jun-09	PROPN
ajfa-469	483	71	10	10	NUM
ajfa-469	483	72	-	-	PUNCT
ajfa-469	483	73	feb-09	feb-09	PROPN
ajfa-469	483	74	axisbank	axisbank	NOUN
ajfa-469	483	75	27	27	NUM
ajfa-469	483	76	-	-	SYM
ajfa-469	483	77	mar-09	mar-09	NUM
ajfa-469	483	78	29	29	NUM
ajfa-469	483	79	-	-	PUNCT
ajfa-469	483	80	jul-08	jul-08	NOUN
ajfa-469	483	81	reliance	reliance	NOUN
ajfa-469	483	82	power	power	NOUN
ajfa-469	483	83	10	10	NUM
ajfa-469	483	84	-	-	PUNCT
ajfa-469	483	85	sep-08	sep-08	NOUN
ajfa-469	483	86	31	31	NUM
ajfa-469	483	87	-	-	PUNCT
ajfa-469	483	88	jan-08	jan-08	NOUN
ajfa-469	483	89	dlf	dlf	PROPN
ajfa-469	483	90	14	14	NUM
ajfa-469	483	91	-	-	PUNCT
ajfa-469	483	92	mar-08	mar-08	NOUN
ajfa-469	483	93	26	26	NUM
ajfa-469	483	94	-	-	PUNCT
ajfa-469	483	95	feb-08	feb-08	NOUN
ajfa-469	483	96	powergrid	powergrid	PROPN
ajfa-469	483	97	14	14	NUM
ajfa-469	483	98	-	-	PUNCT
ajfa-469	483	99	mar-08	mar-08	NOUN
ajfa-469	483	100	30	30	NUM
ajfa-469	483	101	-	-	PUNCT
ajfa-469	483	102	oct-07	oct-07	PRON
ajfa-469	483	103	idea	idea	NOUN
ajfa-469	483	104	12	12	NUM
ajfa-469	483	105	-	-	PUNCT
ajfa-469	483	106	dec-07	dec-07	NUM
ajfa-469	483	107	30	30	NUM
ajfa-469	483	108	-	-	PUNCT
ajfa-469	483	109	oct-07	oct-07	PRON
ajfa-469	483	110	cairn	cairn	NOUN
ajfa-469	483	111	12	12	NUM
ajfa-469	483	112	-	-	PUNCT
ajfa-469	483	113	dec-07	dec-07	NUM
ajfa-469	483	114	11	11	NUM
ajfa-469	483	115	-	-	PUNCT
ajfa-469	483	116	sep-07	sep-07	NOUN
ajfa-469	483	117	unitech	unitech	ADJ
ajfa-469	483	118	05	05	NUM
ajfa-469	483	119	-	-	PUNCT
ajfa-469	483	120	oct-07	oct-07	PRON
ajfa-469	483	121	10	10	NUM
ajfa-469	483	122	-	-	PUNCT
ajfa-469	483	123	aug-07	aug-07	NOUN
ajfa-469	483	124	ntpc	ntpc	ADJ
ajfa-469	483	125	24	24	NUM
ajfa-469	483	126	-	-	PUNCT
ajfa-469	483	127	sep-07	sep-07	NUM
ajfa-469	483	128	20	20	NUM
ajfa-469	483	129	-	-	PUNCT
ajfa-469	483	130	feb-07	feb-07	NOUN
ajfa-469	483	131	rpl	rpl	NOUN
ajfa-469	483	132	04	04	NUM
ajfa-469	483	133	-	-	PUNCT
ajfa-469	483	134	apr-07	apr-07	PUNCT
ajfa-469	483	135	20	20	NUM
ajfa-469	483	136	-	-	PUNCT
ajfa-469	483	137	feb-07	feb-07	NOUN
ajfa-469	483	138	sterlite	sterlite	ADJ
ajfa-469	483	139	04	04	NUM
ajfa-469	483	140	-	-	PUNCT
ajfa-469	483	141	apr-07	apr-07	PUNCT
ajfa-469	483	142	12	12	NUM
ajfa-469	483	143	-	-	PUNCT
ajfa-469	483	144	may-06	may-06	NOUN
ajfa-469	483	145	suzlon	suzlon	NOUN
ajfa-469	483	146	27	27	NUM
ajfa-469	483	147	-	-	PUNCT
ajfa-469	483	148	jun-06	jun-06	NOUN
ajfa-469	483	149	12	12	NUM
ajfa-469	483	150	-	-	PUNCT
ajfa-469	483	151	may-06	may-06	NOUN
ajfa-469	483	152	siemens	siemen	VERB
ajfa-469	483	153	27	27	NUM
ajfa-469	483	154	-	-	PUNCT
ajfa-469	483	155	jun-06	jun-06	NOUN
ajfa-469	483	156	12	12	NUM
ajfa-469	483	157	-	-	PUNCT
ajfa-469	483	158	jan-05	jan-05	NUM
ajfa-469	483	159	tcs	tcs	PROPN
ajfa-469	483	160	25	25	NUM
ajfa-469	483	161	-	-	PUNCT
ajfa-469	483	162	feb-05	feb-05	NUM
ajfa-469	483	163	26	26	NUM
ajfa-469	483	164	-	-	PUNCT
ajfa-469	483	165	mar-04	mar-04	NOUN
ajfa-469	483	166	ongc	ongc	NOUN
ajfa-469	483	167	12	12	NUM
ajfa-469	483	168	-	-	PUNCT
ajfa-469	483	169	apr-04	apr-04	NUM
ajfa-469	483	170	16	16	NUM
ajfa-469	483	171	-	-	PUNCT
ajfa-469	483	172	jan-04	jan-04	NUM
ajfa-469	483	173	bharti	bharti	PROPN
ajfa-469	483	174	01	01	PROPN
ajfa-469	483	175	-	-	PUNCT
ajfa-469	483	176	mar-04	mar-04	ADP
ajfa-469	483	177	16	16	NUM
ajfa-469	483	178	-	-	PUNCT
ajfa-469	483	179	jan-04	jan-04	NUM
ajfa-469	483	180	maruti	maruti	PROPN
ajfa-469	483	181	01	01	PROPN
ajfa-469	483	182	-	-	PUNCT
ajfa-469	483	183	mar-04	mar-04	ADP
ajfa-469	483	184	16	16	NUM
ajfa-469	483	185	-	-	PUNCT
ajfa-469	483	186	jun-03	jun-03	NUM
ajfa-469	483	187	sail	sail	NOUN
ajfa-469	483	188	04	04	NUM
ajfa-469	483	189	-	-	PUNCT
ajfa-469	483	190	aug-03	aug-03	NUM
ajfa-469	483	191	13	13	NUM
ajfa-469	483	192	-	-	PUNCT
ajfa-469	483	193	mar-03	mar-03	VERB
ajfa-469	483	194	gail	gail	PROPN
ajfa-469	483	195	2	2	NUM
ajfa-469	483	196	-	-	PUNCT
ajfa-469	483	197	may-03	may-03	NUM
ajfa-469	483	198	13	13	NUM
ajfa-469	483	199	-	-	PUNCT
ajfa-469	483	200	mar-03	mar-03	NOUN
ajfa-469	483	201	national	national	ADJ
ajfa-469	483	202	alumunium	alumunium	NOUN
ajfa-469	483	203	2	2	NUM
ajfa-469	483	204	-	-	PUNCT
ajfa-469	483	205	may-03	may-03	NUM
ajfa-469	483	206	16	16	NUM
ajfa-469	483	207	-	-	PUNCT
ajfa-469	483	208	sep-02	sep-02	NOUN
ajfa-469	483	209	bpcl	bpcl	NOUN
ajfa-469	483	210	28	28	NUM
ajfa-469	483	211	-	-	PUNCT
ajfa-469	483	212	oct-02	oct-02	ADJ
ajfa-469	483	213	16	16	NUM
ajfa-469	483	214	-	-	PUNCT
ajfa-469	483	215	sep-02	sep-02	ADV
ajfa-469	483	216	hcltech	hcltech	ADJ
ajfa-469	483	217	28	28	NUM
ajfa-469	483	218	-	-	PUNCT
ajfa-469	483	219	oct-02	oct-02	ADJ
ajfa-469	483	220	16	16	NUM
ajfa-469	483	221	-	-	PUNCT
ajfa-469	483	222	sep-02	sep-02	NOUN
ajfa-469	483	223	sci	sci	PROPN
ajfa-469	483	224	10	10	NUM
ajfa-469	483	225	-	-	PUNCT
ajfa-469	483	226	oct-02	oct-02	ADJ
ajfa-469	483	227	15	15	NUM
ajfa-469	483	228	-	-	PUNCT
ajfa-469	483	229	apr-02	apr-02	ADJ
ajfa-469	483	230	vsnl	vsnl	ADV
ajfa-469	483	231	31	31	NUM
ajfa-469	483	232	-	-	PUNCT
ajfa-469	483	233	may-02	may-02	ADJ
ajfa-469	483	234	14	14	NUM
ajfa-469	483	235	-	-	PUNCT
ajfa-469	483	236	dec-01	dec-01	VERB
ajfa-469	483	237	sunpharma	sunpharma	NOUN
ajfa-469	483	238	17	17	NUM
ajfa-469	483	239	-	-	PUNCT
ajfa-469	483	240	jan-02	jan-02	CCONJ
ajfa-469	483	241	14	14	NUM
ajfa-469	483	242	-	-	PUNCT
ajfa-469	483	243	dec-01	dec-01	VERB
ajfa-469	483	244	wipro	wipro	ADJ
ajfa-469	483	245	17	17	NUM
ajfa-469	483	246	-	-	PUNCT
ajfa-469	483	247	jan-02	jan-02	ADV
ajfa-469	483	248	20	20	NUM
ajfa-469	483	249	-	-	PUNCT
ajfa-469	483	250	jul-00	jul-00	X
ajfa-469	483	251	digital	digital	ADJ
ajfa-469	483	252	equipments	equipment	NOUN
ajfa-469	483	253	01	01	NUM
ajfa-469	483	254	-	-	PUNCT
ajfa-469	483	255	sep-00	sep-00	NUM
ajfa-469	483	256	24	24	NUM
ajfa-469	483	257	-	-	PUNCT
ajfa-469	483	258	apr-00	apr-00	PRON
ajfa-469	483	259	hcl	hcl	PROPN
ajfa-469	483	260	-	-	PUNCT
ajfa-469	483	261	insys	insys	NOUN
ajfa-469	483	262	24	24	NUM
ajfa-469	483	263	-	-	PUNCT
ajfa-469	483	264	may-00	may-00	NUM
ajfa-469	483	265	24	24	NUM
ajfa-469	483	266	-	-	PUNCT
ajfa-469	483	267	apr-00	apr-00	PROPN
ajfa-469	483	268	zeetele	zeetele	PROPN
ajfa-469	483	269	24	24	NUM
ajfa-469	483	270	-	-	PUNCT
ajfa-469	483	271	may-00	may-00	NUM
ajfa-469	483	272	26	26	NUM
ajfa-469	483	273	-	-	PUNCT
ajfa-469	483	274	apr-00	apr-00	NOUN
ajfa-469	483	275	dabur	dabur	PROPN
ajfa-469	483	276	10	10	NUM
ajfa-469	483	277	-	-	PUNCT
ajfa-469	483	278	may-00	may-00	NUM
ajfa-469	483	279	03	03	NUM
ajfa-469	483	280	-	-	PUNCT
ajfa-469	483	281	aug-99	aug-99	NUM
ajfa-469	483	282	britannia	britannia	PROPN
ajfa-469	483	283	08	08	NUM
ajfa-469	483	284	-	-	PUNCT
ajfa-469	483	285	sep-99	sep-99	NUM
ajfa-469	483	286	03	03	NUM
ajfa-469	483	287	-	-	PUNCT
ajfa-469	483	288	aug-99	aug-99	NUM
ajfa-469	483	289	satyam	satyam	NOUN
ajfa-469	483	290	computers	computer	NOUN
ajfa-469	483	291	08	08	NUM
ajfa-469	483	292	-	-	SYM
ajfa-469	483	293	sep-99	sep-99	NUM
ajfa-469	483	294	19	19	NUM
ajfa-469	483	295	-	-	PUNCT
ajfa-469	483	296	apr-99	apr-99	NOUN
ajfa-469	483	297	drreddy	drreddy	NOUN
ajfa-469	483	298	26	26	NUM
ajfa-469	483	299	-	-	PUNCT
ajfa-469	483	300	may-99	may-99	NUM
ajfa-469	483	301	19	19	NUM
ajfa-469	483	302	-	-	PUNCT
ajfa-469	483	303	apr-99	apr-99	NOUN
ajfa-469	483	304	novartis	novartis	NOUN
ajfa-469	483	305	26	26	NUM
ajfa-469	483	306	-	-	PUNCT
ajfa-469	483	307	may-99	may-99	NUM
ajfa-469	483	308	19	19	NUM
ajfa-469	483	309	-	-	PUNCT
ajfa-469	483	310	apr-99	apr-99	NOUN
ajfa-469	483	311	reckitt	reckitt	NOUN
ajfa-469	483	312	colman	colman	PROPN
ajfa-469	483	313	26	26	NUM
ajfa-469	483	314	-	-	PUNCT
ajfa-469	483	315	may-99	may-99	NUM
ajfa-469	483	316	asian	asian	ADJ
ajfa-469	483	317	journal	journal	NOUN
ajfa-469	483	318	of	of	ADP
ajfa-469	483	319	finance	finance	PROPN
ajfa-469	483	320	&	&	CCONJ
ajfa-469	483	321	accounting	accounting	PROPN
ajfa-469	483	322	issn	issn	PROPN
ajfa-469	483	323	1946	1946	NUM
ajfa-469	483	324	-	-	PUNCT
ajfa-469	483	325	052x	052x	NOUN
ajfa-469	483	326	2010	2010	NUM
ajfa-469	483	327	,	,	PUNCT
ajfa-469	483	328	vol	vol	NOUN
ajfa-469	483	329	.	.	PROPN
ajfa-469	483	330	2	2	NUM
ajfa-469	483	331	,	,	PUNCT
ajfa-469	483	332	no	no	INTJ
ajfa-469	483	333	.	.	NOUN
ajfa-469	483	334	2	2	NUM
ajfa-469	483	335	:	:	PUNCT
ajfa-469	483	336	e4	e4	PROPN
ajfa-469	483	337	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	483	338	79	79	NUM
ajfa-469	483	339	appendix	appendix	NOUN
ajfa-469	483	340	2	2	NUM
ajfa-469	483	341	.	.	PUNCT
ajfa-469	484	1	yearwise	yearwise	ADJ
ajfa-469	484	2	ed	ed	PROPN
ajfa-469	484	3	abnormal	abnormal	ADJ
ajfa-469	484	4	return	return	NOUN
ajfa-469	484	5	and	and	CCONJ
ajfa-469	484	6	beta	beta	NOUN
ajfa-469	484	7	change	change	NOUN
ajfa-469	484	8	is	be	AUX
ajfa-469	484	9	given	give	VERB
ajfa-469	484	10	for	for	ADP
ajfa-469	484	11	the	the	DET
ajfa-469	484	12	period	period	NOUN
ajfa-469	484	13	1999	1999	NUM
ajfa-469	484	14	-	-	SYM
ajfa-469	484	15	2010	2010	NUM
ajfa-469	484	16	in	in	ADP
ajfa-469	484	17	order	order	NOUN
ajfa-469	484	18	to	to	PART
ajfa-469	484	19	verify	verify	VERB
ajfa-469	484	20	whether	whether	SCONJ
ajfa-469	484	21	the	the	DET
ajfa-469	484	22	beta	beta	NOUN
ajfa-469	484	23	change	change	NOUN
ajfa-469	484	24	is	be	AUX
ajfa-469	484	25	stronger	strong	ADJ
ajfa-469	484	26	in	in	ADP
ajfa-469	484	27	the	the	DET
ajfa-469	484	28	latest	late	ADJ
ajfa-469	484	29	data	datum	NOUN
ajfa-469	484	30	year	year	NOUN
ajfa-469	484	31	ed	ed	NOUN
ajfa-469	484	32	abnormal	abnormal	ADJ
ajfa-469	484	33	return	return	NOUN
ajfa-469	484	34	number	number	NOUN
ajfa-469	484	35	of	of	ADP
ajfa-469	484	36	additions	addition	NOUN
ajfa-469	484	37	beta	beta	NOUN
ajfa-469	484	38	change	change	NOUN
ajfa-469	484	39	average	average	ADJ
ajfa-469	484	40	assets	asset	NOUN
ajfa-469	484	41	under	under	ADP
ajfa-469	484	42	mutual	mutual	ADJ
ajfa-469	484	43	funds	fund	NOUN
ajfa-469	484	44	in	in	ADP
ajfa-469	484	45	rs	r	NOUN
ajfa-469	484	46	.	.	PUNCT
ajfa-469	485	1	crores	crore	NOUN
ajfa-469	485	2	1999	1999	NUM
ajfa-469	485	3	3.60	3.60	NUM
ajfa-469	485	4	%	%	NOUN
ajfa-469	485	5	5	5	NUM
ajfa-469	485	6	-0.182	-0.182	NOUN
ajfa-469	485	7	97028	97028	NUM
ajfa-469	485	8	2000	2000	NUM
ajfa-469	485	9	2.20	2.20	NUM
ajfa-469	485	10	%	%	NOUN
ajfa-469	485	11	4	4	NUM
ajfa-469	485	12	0.249	0.249	NUM
ajfa-469	485	13	99326	99326	NUM
ajfa-469	485	14	2001	2001	NUM
ajfa-469	485	15	na	na	ADP
ajfa-469	485	16	0.249	0.249	NUM
ajfa-469	485	17	101822	101822	NUM
ajfa-469	485	18	2002	2002	NUM
ajfa-469	485	19	0.60	0.60	NUM
ajfa-469	485	20	%	%	NOUN
ajfa-469	485	21	6	6	NUM
ajfa-469	485	22	0.227	0.227	NUM
ajfa-469	485	23	122660	122660	NUM
ajfa-469	485	24	2003	2003	NUM
ajfa-469	485	25	-0.82	-0.82	NUM
ajfa-469	485	26	%	%	NOUN
ajfa-469	485	27	3	3	NUM
ajfa-469	485	28	-0.183	-0.183	SYM
ajfa-469	485	29	140093	140093	NUM
ajfa-469	485	30	2004	2004	NUM
ajfa-469	485	31	2.28	2.28	NUM
ajfa-469	485	32	%	%	NOUN
ajfa-469	485	33	3	3	NUM
ajfa-469	485	34	-0.098	-0.098	SYM
ajfa-469	485	35	150537	150537	NUM
ajfa-469	485	36	2005	2005	NUM
ajfa-469	485	37	3.29	3.29	NUM
ajfa-469	485	38	%	%	NOUN
ajfa-469	485	39	1	1	NUM
ajfa-469	485	40	0.516	0.516	NUM
ajfa-469	485	41	199248	199248	NUM
ajfa-469	485	42	2006	2006	NUM
ajfa-469	485	43	0.51	0.51	NUM
ajfa-469	485	44	%	%	NOUN
ajfa-469	485	45	2	2	NUM
ajfa-469	485	46	0.263	0.263	NUM
ajfa-469	485	47	323597	323597	NUM
ajfa-469	485	48	2007	2007	NUM
ajfa-469	485	49	4.89	4.89	NUM
ajfa-469	485	50	%	%	NOUN
ajfa-469	485	51	6	6	NUM
ajfa-469	485	52	0.237	0.237	NUM
ajfa-469	485	53	549936	549936	NUM
ajfa-469	485	54	2008	2008	NUM
ajfa-469	485	55	3.68	3.68	NUM
ajfa-469	485	56	%	%	NOUN
ajfa-469	485	57	3	3	NUM
ajfa-469	485	58	-0.184	-0.184	PROPN
ajfa-469	485	59	421117	421117	NUM
ajfa-469	485	60	2009	2009	NUM
ajfa-469	485	61	-0.50	-0.50	NUM
ajfa-469	485	62	%	%	NOUN
ajfa-469	485	63	5	5	NUM
ajfa-469	485	64	-0.011	-0.011	NUM
ajfa-469	485	65	794486	794486	NUM
ajfa-469	485	66	the	the	DET
ajfa-469	485	67	average	average	ADJ
ajfa-469	485	68	assets	asset	NOUN
ajfa-469	485	69	under	under	ADP
ajfa-469	485	70	mutual	mutual	ADJ
ajfa-469	485	71	fund	fund	NOUN
ajfa-469	485	72	as	as	ADP
ajfa-469	485	73	on	on	ADP
ajfa-469	485	74	december-31	december-31	PROPN
ajfa-469	485	75	of	of	ADP
ajfa-469	485	76	each	each	DET
ajfa-469	485	77	year	year	NOUN
ajfa-469	485	78	appendix	appendix	VERB
ajfa-469	485	79	3	3	NUM
ajfa-469	485	80	.	.	PUNCT
ajfa-469	485	81	frequency	frequency	NOUN
ajfa-469	485	82	of	of	ADP
ajfa-469	485	83	trading	trading	NOUN
ajfa-469	485	84	days	day	NOUN
ajfa-469	485	85	between	between	ADP
ajfa-469	485	86	ad	ad	NOUN
ajfa-469	485	87	and	and	CCONJ
ajfa-469	485	88	ed	ed	NOUN
ajfa-469	485	89	:	:	PUNCT
ajfa-469	485	90	nifty	nifty	ADJ
ajfa-469	485	91	index	index	NOUN
ajfa-469	485	92	additions	addition	NOUN
ajfa-469	485	93	(	(	PUNCT
ajfa-469	485	94	1999	1999	NUM
ajfa-469	485	95	-2010	-2010	PROPN
ajfa-469	485	96	)	)	PUNCT
ajfa-469	485	97	.	.	PUNCT
ajfa-469	486	1	asian	asian	ADJ
ajfa-469	486	2	journal	journal	PROPN
ajfa-469	486	3	of	of	ADP
ajfa-469	486	4	finance	finance	PROPN
ajfa-469	486	5	&	&	CCONJ
ajfa-469	486	6	accounting	accounting	PROPN
ajfa-469	486	7	issn	issn	PROPN
ajfa-469	486	8	1946	1946	NUM
ajfa-469	486	9	-	-	PUNCT
ajfa-469	486	10	052x	052x	NOUN
ajfa-469	486	11	2010	2010	NUM
ajfa-469	486	12	,	,	PUNCT
ajfa-469	486	13	vol	vol	NOUN
ajfa-469	486	14	.	.	PROPN
ajfa-469	486	15	2	2	NUM
ajfa-469	486	16	,	,	PUNCT
ajfa-469	486	17	no	no	INTJ
ajfa-469	486	18	.	.	NOUN
ajfa-469	486	19	2	2	NUM
ajfa-469	486	20	:	:	PUNCT
ajfa-469	486	21	e4	e4	PROPN
ajfa-469	486	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-469	486	23	80	80	NUM
ajfa-469	486	24	appendix	appendix	NOUN
ajfa-469	486	25	4	4	NUM
ajfa-469	486	26	.	.	PUNCT
ajfa-469	486	27	pictorial	pictorial	ADJ
ajfa-469	486	28	representation	representation	NOUN
ajfa-469	486	29	of	of	ADP
ajfa-469	486	30	vr	vr	PROPN
ajfa-469	486	31	around	around	ADP
ajfa-469	486	32	ad	ad	NOUN
ajfa-469	486	33	and	and	CCONJ
ajfa-469	486	34	ed	ed	NOUN
ajfa-469	486	35	as	as	ADP
ajfa-469	486	36	in	in	ADP
ajfa-469	486	37	table	table	NOUN
ajfa-469	486	38	4	4	NUM
ajfa-469	486	39	copyright	copyright	NOUN
ajfa-469	486	40	disclaimer	disclaimer	NOUN
ajfa-469	486	41	copyright	copyright	NOUN
ajfa-469	486	42	reserved	reserve	VERB
ajfa-469	486	43	by	by	ADP
ajfa-469	486	44	the	the	DET
ajfa-469	486	45	author(s	author(s	NOUN
ajfa-469	486	46	)	)	PUNCT
ajfa-469	486	47	.	.	PUNCT
ajfa-469	487	1	this	this	DET
ajfa-469	487	2	article	article	NOUN
ajfa-469	487	3	is	be	AUX
ajfa-469	487	4	an	an	DET
ajfa-469	487	5	open	open	ADJ
ajfa-469	487	6	-	-	PUNCT
ajfa-469	487	7	access	access	NOUN
ajfa-469	487	8	article	article	NOUN
ajfa-469	487	9	distributed	distribute	VERB
ajfa-469	487	10	under	under	ADP
ajfa-469	487	11	the	the	DET
ajfa-469	487	12	terms	term	NOUN
ajfa-469	487	13	and	and	CCONJ
ajfa-469	487	14	conditions	condition	NOUN
ajfa-469	487	15	of	of	ADP
ajfa-469	487	16	the	the	DET
ajfa-469	487	17	creative	creative	ADJ
ajfa-469	487	18	commons	common	NOUN
ajfa-469	487	19	attribution	attribution	NOUN
ajfa-469	487	20	license	license	NOUN
ajfa-469	487	21	(	(	PUNCT
ajfa-469	487	22	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajfa-469	487	23	)	)	PUNCT
ajfa-469	487	24	.	.	PUNCT