id	sid	tid	token	lemma	pos
ajfa-4783	1	1	microsoft	microsoft	PROPN
ajfa-4783	1	2	word	word	NOUN
ajfa-4783	1	3	4783-17548-1-sm-writer2-new.doc	4783-17548-1-sm-writer2-new.doc	NUM
ajfa-4783	1	4	asian	asian	ADJ
ajfa-4783	1	5	journal	journal	NOUN
ajfa-4783	1	6	of	of	ADP
ajfa-4783	1	7	finance	finance	PROPN
ajfa-4783	1	8	&	&	CCONJ
ajfa-4783	1	9	accounting	accounting	PROPN
ajfa-4783	1	10	issn	issn	PROPN
ajfa-4783	1	11	1946	1946	NUM
ajfa-4783	1	12	-	-	PUNCT
ajfa-4783	1	13	052x	052x	PROPN
ajfa-4783	1	14	2014	2014	NUM
ajfa-4783	1	15	,	,	PUNCT
ajfa-4783	1	16	vol	vol	NOUN
ajfa-4783	1	17	.	.	PROPN
ajfa-4783	1	18	6	6	NUM
ajfa-4783	1	19	,	,	PUNCT
ajfa-4783	1	20	no	no	INTJ
ajfa-4783	1	21	.	.	NOUN
ajfa-4783	1	22	1	1	NUM
ajfa-4783	1	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4783	1	24	110	110	NUM
ajfa-4783	1	25	is	be	AUX
ajfa-4783	1	26	good	good	ADJ
ajfa-4783	1	27	governance	governance	NOUN
ajfa-4783	1	28	a	a	DET
ajfa-4783	1	29	driver	driver	NOUN
ajfa-4783	1	30	of	of	ADP
ajfa-4783	1	31	family	family	NOUN
ajfa-4783	1	32	firm	firm	ADJ
ajfa-4783	1	33	performance	performance	NOUN
ajfa-4783	1	34	?	?	PUNCT
ajfa-4783	2	1	jonathan	jonathan	PROPN
ajfa-4783	2	2	bauweraerts	bauweraerts	PROPN
ajfa-4783	2	3	university	university	PROPN
ajfa-4783	2	4	of	of	ADP
ajfa-4783	2	5	mons	mon	NOUN
ajfa-4783	2	6	warocqué	warocqué	NOUN
ajfa-4783	2	7	school	school	NOUN
ajfa-4783	2	8	of	of	ADP
ajfa-4783	2	9	economics	economic	NOUN
ajfa-4783	2	10	and	and	CCONJ
ajfa-4783	2	11	management	management	NOUN
ajfa-4783	2	12	accounting	accounting	NOUN
ajfa-4783	2	13	and	and	CCONJ
ajfa-4783	2	14	management	management	NOUN
ajfa-4783	2	15	department	department	PROPN
ajfa-4783	2	16	,	,	PUNCT
ajfa-4783	2	17	belgium	belgium	NOUN
ajfa-4783	2	18	e	e	NOUN
ajfa-4783	2	19	-	-	NOUN
ajfa-4783	2	20	mail	mail	NOUN
ajfa-4783	2	21	:	:	PUNCT
ajfa-4783	2	22	jonathan.bauweraerts@umons.ac.be	jonathan.bauweraerts@umons.ac.be	NUM
ajfa-4783	2	23	olivier	olivier	PROPN
ajfa-4783	2	24	colot	colot	PROPN
ajfa-4783	2	25	university	university	PROPN
ajfa-4783	2	26	of	of	ADP
ajfa-4783	2	27	mons	mon	NOUN
ajfa-4783	2	28	warocqué	warocqué	NOUN
ajfa-4783	2	29	school	school	NOUN
ajfa-4783	2	30	of	of	ADP
ajfa-4783	2	31	economics	economic	NOUN
ajfa-4783	2	32	and	and	CCONJ
ajfa-4783	2	33	management	management	NOUN
ajfa-4783	2	34	accounting	accounting	NOUN
ajfa-4783	2	35	and	and	CCONJ
ajfa-4783	2	36	management	management	NOUN
ajfa-4783	2	37	department	department	PROPN
ajfa-4783	2	38	,	,	PUNCT
ajfa-4783	2	39	belgium	belgium	NOUN
ajfa-4783	2	40	e	e	NOUN
ajfa-4783	2	41	-	-	NOUN
ajfa-4783	2	42	mail	mail	NOUN
ajfa-4783	2	43	:	:	PUNCT
ajfa-4783	2	44	olivier.colot@umons.ac.be	olivier.colot@umons.ac.be	NUM
ajfa-4783	2	45	received	receive	VERB
ajfa-4783	2	46	:	:	PUNCT
ajfa-4783	2	47	dec	dec	PROPN
ajfa-4783	2	48	.	.	PROPN
ajfa-4783	2	49	17	17	NUM
ajfa-4783	2	50	,	,	PUNCT
ajfa-4783	2	51	2013	2013	NUM
ajfa-4783	2	52	accepted	accept	VERB
ajfa-4783	2	53	:	:	PUNCT
ajfa-4783	2	54	march	march	PROPN
ajfa-4783	2	55	4	4	NUM
ajfa-4783	2	56	,	,	PUNCT
ajfa-4783	2	57	2014	2014	NUM
ajfa-4783	2	58	published	publish	VERB
ajfa-4783	2	59	:	:	PUNCT
ajfa-4783	2	60	june	june	PROPN
ajfa-4783	2	61	1	1	NUM
ajfa-4783	2	62	,	,	PUNCT
ajfa-4783	2	63	2014	2014	NUM
ajfa-4783	2	64	doi:10.5296	doi:10.5296	NOUN
ajfa-4783	2	65	/	/	SYM
ajfa-4783	2	66	ajfa.v6i1.4783	ajfa.v6i1.4783	NUM
ajfa-4783	2	67	url	url	PROPN
ajfa-4783	2	68	:	:	PUNCT
ajfa-4783	2	69	http://dx.doi.org/10.5296/ajfa.v6i1.4783	http://dx.doi.org/10.5296/ajfa.v6i1.4783	VERB
ajfa-4783	2	70	abstract	abstract	ADJ
ajfa-4783	2	71	in	in	ADP
ajfa-4783	2	72	an	an	DET
ajfa-4783	2	73	economic	economic	ADJ
ajfa-4783	2	74	context	context	NOUN
ajfa-4783	2	75	characterized	characterize	VERB
ajfa-4783	2	76	by	by	ADP
ajfa-4783	2	77	instability	instability	NOUN
ajfa-4783	2	78	,	,	PUNCT
ajfa-4783	2	79	corporate	corporate	ADJ
ajfa-4783	2	80	governance	governance	NOUN
ajfa-4783	2	81	is	be	AUX
ajfa-4783	2	82	a	a	DET
ajfa-4783	2	83	real	real	ADJ
ajfa-4783	2	84	challenge	challenge	NOUN
ajfa-4783	2	85	to	to	ADP
ajfa-4783	2	86	the	the	DET
ajfa-4783	2	87	current	current	ADJ
ajfa-4783	2	88	managerial	managerial	ADJ
ajfa-4783	2	89	era	era	NOUN
ajfa-4783	2	90	.	.	PUNCT
ajfa-4783	3	1	indeed	indeed	ADV
ajfa-4783	3	2	,	,	PUNCT
ajfa-4783	3	3	many	many	ADJ
ajfa-4783	3	4	financial	financial	ADJ
ajfa-4783	3	5	scandals	scandal	NOUN
ajfa-4783	3	6	have	have	AUX
ajfa-4783	3	7	recently	recently	ADV
ajfa-4783	3	8	erupted	erupt	VERB
ajfa-4783	3	9	,	,	PUNCT
ajfa-4783	3	10	encouraging	encourage	VERB
ajfa-4783	3	11	the	the	DET
ajfa-4783	3	12	establishment	establishment	NOUN
ajfa-4783	3	13	of	of	ADP
ajfa-4783	3	14	high	high	ADJ
ajfa-4783	3	15	quality	quality	NOUN
ajfa-4783	3	16	governance	governance	NOUN
ajfa-4783	3	17	practices	practice	NOUN
ajfa-4783	3	18	in	in	ADP
ajfa-4783	3	19	order	order	NOUN
ajfa-4783	3	20	to	to	PART
ajfa-4783	3	21	obtain	obtain	VERB
ajfa-4783	3	22	stakeholders	stakeholder	NOUN
ajfa-4783	3	23	’	'	PUNCT
ajfa-4783	3	24	confidence	confidence	NOUN
ajfa-4783	3	25	through	through	ADP
ajfa-4783	3	26	effective	effective	ADJ
ajfa-4783	3	27	communication	communication	NOUN
ajfa-4783	3	28	and	and	CCONJ
ajfa-4783	3	29	transparency	transparency	NOUN
ajfa-4783	3	30	.	.	PUNCT
ajfa-4783	4	1	however	however	ADV
ajfa-4783	4	2	,	,	PUNCT
ajfa-4783	4	3	family	family	NOUN
ajfa-4783	4	4	firms	firm	NOUN
ajfa-4783	4	5	present	present	VERB
ajfa-4783	4	6	specific	specific	ADJ
ajfa-4783	4	7	organizational	organizational	ADJ
ajfa-4783	4	8	structures	structure	NOUN
ajfa-4783	4	9	with	with	ADP
ajfa-4783	4	10	intrinsic	intrinsic	ADJ
ajfa-4783	4	11	characteristics	characteristic	NOUN
ajfa-4783	4	12	and	and	CCONJ
ajfa-4783	4	13	a	a	DET
ajfa-4783	4	14	particular	particular	ADJ
ajfa-4783	4	15	mode	mode	NOUN
ajfa-4783	4	16	of	of	ADP
ajfa-4783	4	17	operation	operation	NOUN
ajfa-4783	4	18	.	.	PUNCT
ajfa-4783	5	1	due	due	ADP
ajfa-4783	5	2	to	to	ADP
ajfa-4783	5	3	these	these	DET
ajfa-4783	5	4	characteristics	characteristic	NOUN
ajfa-4783	5	5	,	,	PUNCT
ajfa-4783	5	6	family	family	NOUN
ajfa-4783	5	7	firms	firm	NOUN
ajfa-4783	5	8	exhibit	exhibit	VERB
ajfa-4783	5	9	specific	specific	ADJ
ajfa-4783	5	10	governance	governance	NOUN
ajfa-4783	5	11	practices	practice	NOUN
ajfa-4783	5	12	which	which	PRON
ajfa-4783	5	13	can	can	AUX
ajfa-4783	5	14	affect	affect	VERB
ajfa-4783	5	15	performance	performance	NOUN
ajfa-4783	5	16	.	.	PUNCT
ajfa-4783	6	1	this	this	DET
ajfa-4783	6	2	paper	paper	NOUN
ajfa-4783	6	3	investigates	investigate	VERB
ajfa-4783	6	4	the	the	DET
ajfa-4783	6	5	relationship	relationship	NOUN
ajfa-4783	6	6	between	between	ADP
ajfa-4783	6	7	governance	governance	NOUN
ajfa-4783	6	8	structures	structure	NOUN
ajfa-4783	6	9	and	and	CCONJ
ajfa-4783	6	10	family	family	NOUN
ajfa-4783	6	11	firms	firm	NOUN
ajfa-4783	6	12	’	’	PART
ajfa-4783	6	13	performance	performance	NOUN
ajfa-4783	6	14	so	so	SCONJ
ajfa-4783	6	15	as	as	SCONJ
ajfa-4783	6	16	to	to	PART
ajfa-4783	6	17	determine	determine	VERB
ajfa-4783	6	18	if	if	SCONJ
ajfa-4783	6	19	governance	governance	NOUN
ajfa-4783	6	20	is	be	AUX
ajfa-4783	6	21	a	a	DET
ajfa-4783	6	22	driver	driver	NOUN
ajfa-4783	6	23	of	of	ADP
ajfa-4783	6	24	value	value	NOUN
ajfa-4783	6	25	creation	creation	NOUN
ajfa-4783	6	26	or	or	CCONJ
ajfa-4783	6	27	a	a	DET
ajfa-4783	6	28	mechanism	mechanism	NOUN
ajfa-4783	6	29	enabling	enable	VERB
ajfa-4783	6	30	family	family	NOUN
ajfa-4783	6	31	businesses	business	NOUN
ajfa-4783	6	32	to	to	PART
ajfa-4783	6	33	retain	retain	VERB
ajfa-4783	6	34	stakeholders	stakeholder	NOUN
ajfa-4783	6	35	’	'	PUNCT
ajfa-4783	6	36	confidence	confidence	NOUN
ajfa-4783	6	37	.	.	PUNCT
ajfa-4783	7	1	using	use	VERB
ajfa-4783	7	2	a	a	DET
ajfa-4783	7	3	governance	governance	NOUN
ajfa-4783	7	4	score	score	NOUN
ajfa-4783	7	5	,	,	PUNCT
ajfa-4783	7	6	our	our	PRON
ajfa-4783	7	7	results	result	NOUN
ajfa-4783	7	8	show	show	VERB
ajfa-4783	7	9	that	that	SCONJ
ajfa-4783	7	10	family	family	NOUN
ajfa-4783	7	11	governance	governance	NOUN
ajfa-4783	7	12	practices	practice	NOUN
ajfa-4783	7	13	are	be	AUX
ajfa-4783	7	14	negatively	negatively	ADV
ajfa-4783	7	15	linked	link	VERB
ajfa-4783	7	16	with	with	ADP
ajfa-4783	7	17	firm	firm	NOUN
ajfa-4783	7	18	’s	’s	PART
ajfa-4783	7	19	performance	performance	NOUN
ajfa-4783	7	20	while	while	SCONJ
ajfa-4783	7	21	classic	classic	ADJ
ajfa-4783	7	22	governance	governance	NOUN
ajfa-4783	7	23	practices	practice	NOUN
ajfa-4783	7	24	do	do	AUX
ajfa-4783	7	25	not	not	PART
ajfa-4783	7	26	play	play	VERB
ajfa-4783	7	27	a	a	DET
ajfa-4783	7	28	significant	significant	ADJ
ajfa-4783	7	29	role	role	NOUN
ajfa-4783	7	30	.	.	PUNCT
ajfa-4783	8	1	it	it	PRON
ajfa-4783	8	2	suggests	suggest	VERB
ajfa-4783	8	3	that	that	SCONJ
ajfa-4783	8	4	the	the	DET
ajfa-4783	8	5	implementation	implementation	NOUN
ajfa-4783	8	6	of	of	ADP
ajfa-4783	8	7	formal	formal	ADJ
ajfa-4783	8	8	family	family	NOUN
ajfa-4783	8	9	governance	governance	NOUN
ajfa-4783	8	10	mechanisms	mechanism	NOUN
ajfa-4783	8	11	creates	create	VERB
ajfa-4783	8	12	a	a	DET
ajfa-4783	8	13	superfluous	superfluous	ADJ
ajfa-4783	8	14	cost	cost	NOUN
ajfa-4783	8	15	that	that	PRON
ajfa-4783	8	16	hampers	hamper	VERB
ajfa-4783	8	17	performance	performance	NOUN
ajfa-4783	8	18	.	.	PUNCT
ajfa-4783	9	1	our	our	PRON
ajfa-4783	9	2	findings	finding	NOUN
ajfa-4783	9	3	also	also	ADV
ajfa-4783	9	4	asian	asian	ADJ
ajfa-4783	9	5	journal	journal	NOUN
ajfa-4783	9	6	of	of	ADP
ajfa-4783	9	7	finance	finance	PROPN
ajfa-4783	9	8	&	&	CCONJ
ajfa-4783	9	9	accounting	accounting	PROPN
ajfa-4783	9	10	issn	issn	PROPN
ajfa-4783	9	11	1946	1946	NUM
ajfa-4783	9	12	-	-	PUNCT
ajfa-4783	9	13	052x	052x	PROPN
ajfa-4783	9	14	2014	2014	NUM
ajfa-4783	9	15	,	,	PUNCT
ajfa-4783	9	16	vol	vol	NOUN
ajfa-4783	9	17	.	.	PROPN
ajfa-4783	9	18	6	6	NUM
ajfa-4783	9	19	,	,	PUNCT
ajfa-4783	9	20	no	no	INTJ
ajfa-4783	9	21	.	.	NOUN
ajfa-4783	9	22	1	1	NUM
ajfa-4783	9	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4783	9	24	111	111	NUM
ajfa-4783	9	25	demonstrate	demonstrate	VERB
ajfa-4783	9	26	that	that	SCONJ
ajfa-4783	9	27	family	family	NOUN
ajfa-4783	9	28	firms	firm	NOUN
ajfa-4783	9	29	with	with	ADP
ajfa-4783	9	30	the	the	DET
ajfa-4783	9	31	lowest	low	ADJ
ajfa-4783	9	32	levels	level	NOUN
ajfa-4783	9	33	of	of	ADP
ajfa-4783	9	34	performance	performance	NOUN
ajfa-4783	9	35	display	display	VERB
ajfa-4783	9	36	the	the	DET
ajfa-4783	9	37	higher	high	ADJ
ajfa-4783	9	38	governance	governance	NOUN
ajfa-4783	9	39	scores	score	NOUN
ajfa-4783	9	40	,	,	PUNCT
ajfa-4783	9	41	thus	thus	ADV
ajfa-4783	9	42	suggesting	suggest	VERB
ajfa-4783	9	43	that	that	SCONJ
ajfa-4783	9	44	family	family	NOUN
ajfa-4783	9	45	firms	firm	NOUN
ajfa-4783	9	46	try	try	VERB
ajfa-4783	9	47	to	to	PART
ajfa-4783	9	48	improve	improve	VERB
ajfa-4783	9	49	the	the	DET
ajfa-4783	9	50	image	image	NOUN
ajfa-4783	9	51	perceived	perceive	VERB
ajfa-4783	9	52	by	by	ADP
ajfa-4783	9	53	stakeholders	stakeholder	NOUN
ajfa-4783	9	54	.	.	PUNCT
ajfa-4783	10	1	these	these	DET
ajfa-4783	10	2	results	result	NOUN
ajfa-4783	10	3	seem	seem	VERB
ajfa-4783	10	4	to	to	PART
ajfa-4783	10	5	confirm	confirm	VERB
ajfa-4783	10	6	the	the	DET
ajfa-4783	10	7	convergence	convergence	NOUN
ajfa-4783	10	8	between	between	ADP
ajfa-4783	10	9	economic	economic	ADJ
ajfa-4783	10	10	and	and	CCONJ
ajfa-4783	10	11	socioemotional	socioemotional	ADJ
ajfa-4783	10	12	objectives	objective	NOUN
ajfa-4783	10	13	when	when	SCONJ
ajfa-4783	10	14	the	the	DET
ajfa-4783	10	15	continuity	continuity	NOUN
ajfa-4783	10	16	of	of	ADP
ajfa-4783	10	17	the	the	DET
ajfa-4783	10	18	organization	organization	NOUN
ajfa-4783	10	19	is	be	AUX
ajfa-4783	10	20	in	in	ADP
ajfa-4783	10	21	danger	danger	NOUN
ajfa-4783	10	22	.	.	PUNCT
ajfa-4783	11	1	keywords	keyword	NOUN
ajfa-4783	11	2	:	:	PUNCT
ajfa-4783	11	3	family	family	NOUN
ajfa-4783	11	4	firms	firm	NOUN
ajfa-4783	11	5	,	,	PUNCT
ajfa-4783	11	6	corporate	corporate	ADJ
ajfa-4783	11	7	governance	governance	NOUN
ajfa-4783	11	8	,	,	PUNCT
ajfa-4783	11	9	performance	performance	NOUN
ajfa-4783	11	10	,	,	PUNCT
ajfa-4783	11	11	stakeholders	stakeholder	NOUN
ajfa-4783	11	12	,	,	PUNCT
ajfa-4783	11	13	socioemotional	socioemotional	ADJ
ajfa-4783	11	14	goals	goal	NOUN
ajfa-4783	11	15	asian	asian	PROPN
ajfa-4783	11	16	journal	journal	PROPN
ajfa-4783	11	17	of	of	ADP
ajfa-4783	11	18	finance	finance	PROPN
ajfa-4783	11	19	&	&	CCONJ
ajfa-4783	11	20	accounting	accounting	PROPN
ajfa-4783	11	21	issn	issn	PROPN
ajfa-4783	11	22	1946	1946	NUM
ajfa-4783	11	23	-	-	PUNCT
ajfa-4783	11	24	052x	052x	PROPN
ajfa-4783	11	25	2014	2014	NUM
ajfa-4783	11	26	,	,	PUNCT
ajfa-4783	11	27	vol	vol	NOUN
ajfa-4783	11	28	.	.	PROPN
ajfa-4783	11	29	6	6	NUM
ajfa-4783	11	30	,	,	PUNCT
ajfa-4783	11	31	no	no	INTJ
ajfa-4783	11	32	.	.	NOUN
ajfa-4783	11	33	1	1	NUM
ajfa-4783	11	34	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4783	11	35	112	112	NUM
ajfa-4783	11	36	introduction	introduction	NOUN
ajfa-4783	11	37	in	in	ADP
ajfa-4783	11	38	recent	recent	ADJ
ajfa-4783	11	39	years	year	NOUN
ajfa-4783	11	40	,	,	PUNCT
ajfa-4783	11	41	economic	economic	ADJ
ajfa-4783	11	42	news	news	NOUN
ajfa-4783	11	43	was	be	AUX
ajfa-4783	11	44	marked	mark	VERB
ajfa-4783	11	45	by	by	ADP
ajfa-4783	11	46	numerous	numerous	ADJ
ajfa-4783	11	47	financial	financial	ADJ
ajfa-4783	11	48	scandals	scandal	NOUN
ajfa-4783	11	49	so	so	SCONJ
ajfa-4783	11	50	that	that	SCONJ
ajfa-4783	11	51	corporate	corporate	ADJ
ajfa-4783	11	52	governance	governance	NOUN
ajfa-4783	11	53	has	have	AUX
ajfa-4783	11	54	received	receive	VERB
ajfa-4783	11	55	high	high	ADJ
ajfa-4783	11	56	attention	attention	NOUN
ajfa-4783	11	57	from	from	ADP
ajfa-4783	11	58	academics	academic	NOUN
ajfa-4783	11	59	and	and	CCONJ
ajfa-4783	11	60	practitioners	practitioner	NOUN
ajfa-4783	11	61	.	.	PUNCT
ajfa-4783	12	1	thereby	thereby	ADV
ajfa-4783	12	2	,	,	PUNCT
ajfa-4783	12	3	the	the	DET
ajfa-4783	12	4	supervision	supervision	NOUN
ajfa-4783	12	5	of	of	ADP
ajfa-4783	12	6	managers	manager	NOUN
ajfa-4783	12	7	’	’	PART
ajfa-4783	12	8	actions	action	NOUN
ajfa-4783	12	9	and	and	CCONJ
ajfa-4783	12	10	decisions	decision	NOUN
ajfa-4783	12	11	has	have	AUX
ajfa-4783	12	12	become	become	VERB
ajfa-4783	12	13	a	a	DET
ajfa-4783	12	14	necessity	necessity	NOUN
ajfa-4783	12	15	in	in	ADP
ajfa-4783	12	16	an	an	DET
ajfa-4783	12	17	unstable	unstable	ADJ
ajfa-4783	12	18	economic	economic	ADJ
ajfa-4783	12	19	environment	environment	NOUN
ajfa-4783	12	20	characterized	characterize	VERB
ajfa-4783	12	21	by	by	ADP
ajfa-4783	12	22	many	many	ADJ
ajfa-4783	12	23	irregularities	irregularity	NOUN
ajfa-4783	12	24	.	.	PUNCT
ajfa-4783	13	1	the	the	DET
ajfa-4783	13	2	implementation	implementation	NOUN
ajfa-4783	13	3	of	of	ADP
ajfa-4783	13	4	efficient	efficient	ADJ
ajfa-4783	13	5	governance	governance	NOUN
ajfa-4783	13	6	structures	structure	NOUN
ajfa-4783	13	7	thus	thus	ADV
ajfa-4783	13	8	constitutes	constitute	VERB
ajfa-4783	13	9	a	a	DET
ajfa-4783	13	10	major	major	ADJ
ajfa-4783	13	11	challenge	challenge	NOUN
ajfa-4783	13	12	in	in	ADP
ajfa-4783	13	13	the	the	DET
ajfa-4783	13	14	current	current	ADJ
ajfa-4783	13	15	managerial	managerial	ADJ
ajfa-4783	13	16	era	era	NOUN
ajfa-4783	13	17	.	.	PUNCT
ajfa-4783	14	1	this	this	DET
ajfa-4783	14	2	challenge	challenge	NOUN
ajfa-4783	14	3	becomes	become	VERB
ajfa-4783	14	4	more	more	ADV
ajfa-4783	14	5	complex	complex	ADJ
ajfa-4783	14	6	and	and	CCONJ
ajfa-4783	14	7	interesting	interesting	ADJ
ajfa-4783	14	8	when	when	SCONJ
ajfa-4783	14	9	the	the	DET
ajfa-4783	14	10	research	research	NOUN
ajfa-4783	14	11	object	object	NOUN
ajfa-4783	14	12	is	be	AUX
ajfa-4783	14	13	family	family	NOUN
ajfa-4783	14	14	businesses	business	NOUN
ajfa-4783	14	15	.	.	PUNCT
ajfa-4783	15	1	indeed	indeed	ADV
ajfa-4783	15	2	,	,	PUNCT
ajfa-4783	15	3	these	these	DET
ajfa-4783	15	4	organizations	organization	NOUN
ajfa-4783	15	5	are	be	AUX
ajfa-4783	15	6	full	full	ADJ
ajfa-4783	15	7	of	of	ADP
ajfa-4783	15	8	specificities	specificity	NOUN
ajfa-4783	15	9	that	that	PRON
ajfa-4783	15	10	make	make	VERB
ajfa-4783	15	11	them	they	PRON
ajfa-4783	15	12	a	a	DET
ajfa-4783	15	13	unique	unique	ADJ
ajfa-4783	15	14	setting	setting	NOUN
ajfa-4783	15	15	to	to	PART
ajfa-4783	15	16	analyze	analyze	VERB
ajfa-4783	15	17	good	good	ADJ
ajfa-4783	15	18	practices	practice	NOUN
ajfa-4783	15	19	of	of	ADP
ajfa-4783	15	20	governance	governance	NOUN
ajfa-4783	15	21	.	.	PUNCT
ajfa-4783	16	1	due	due	ADP
ajfa-4783	16	2	to	to	ADP
ajfa-4783	16	3	their	their	PRON
ajfa-4783	16	4	specific	specific	ADJ
ajfa-4783	16	5	characteristics	characteristic	NOUN
ajfa-4783	16	6	,	,	PUNCT
ajfa-4783	16	7	family	family	NOUN
ajfa-4783	16	8	firms	firm	NOUN
ajfa-4783	16	9	usually	usually	ADV
ajfa-4783	16	10	outperform	outperform	VERB
ajfa-4783	16	11	their	their	PRON
ajfa-4783	16	12	non	non	ADJ
ajfa-4783	16	13	-	-	ADJ
ajfa-4783	16	14	family	family	ADJ
ajfa-4783	16	15	peers	peer	NOUN
ajfa-4783	16	16	.	.	PUNCT
ajfa-4783	17	1	explanations	explanation	NOUN
ajfa-4783	17	2	are	be	AUX
ajfa-4783	17	3	given	give	VERB
ajfa-4783	17	4	either	either	CCONJ
ajfa-4783	17	5	by	by	ADP
ajfa-4783	17	6	a	a	DET
ajfa-4783	17	7	contractual	contractual	ADJ
ajfa-4783	17	8	approach	approach	NOUN
ajfa-4783	17	9	based	base	VERB
ajfa-4783	17	10	on	on	ADP
ajfa-4783	17	11	agency	agency	NOUN
ajfa-4783	17	12	theory	theory	NOUN
ajfa-4783	17	13	(	(	PUNCT
ajfa-4783	17	14	jensen	jensen	PROPN
ajfa-4783	17	15	and	and	CCONJ
ajfa-4783	17	16	meckling	meckling	NOUN
ajfa-4783	17	17	,	,	PUNCT
ajfa-4783	17	18	1976	1976	NUM
ajfa-4783	17	19	;	;	PUNCT
ajfa-4783	17	20	demsetz	demsetz	VERB
ajfa-4783	17	21	,	,	PUNCT
ajfa-4783	17	22	1983	1983	NUM
ajfa-4783	17	23	)	)	PUNCT
ajfa-4783	17	24	,	,	PUNCT
ajfa-4783	17	25	or	or	CCONJ
ajfa-4783	17	26	a	a	DET
ajfa-4783	17	27	relational	relational	ADJ
ajfa-4783	17	28	approach	approach	NOUN
ajfa-4783	17	29	based	base	VERB
ajfa-4783	17	30	on	on	ADP
ajfa-4783	17	31	altruism	altruism	NOUN
ajfa-4783	17	32	(	(	PUNCT
ajfa-4783	17	33	schulze	schulze	NOUN
ajfa-4783	17	34	et	et	PROPN
ajfa-4783	17	35	al	al	PROPN
ajfa-4783	17	36	.	.	PROPN
ajfa-4783	17	37	,	,	PUNCT
ajfa-4783	17	38	2001	2001	NUM
ajfa-4783	17	39	)	)	PUNCT
ajfa-4783	17	40	and	and	CCONJ
ajfa-4783	17	41	trust	trust	NOUN
ajfa-4783	17	42	(	(	PUNCT
ajfa-4783	17	43	allouche	allouche	NOUN
ajfa-4783	17	44	and	and	CCONJ
ajfa-4783	17	45	amann	amann	PROPN
ajfa-4783	17	46	,	,	PUNCT
ajfa-4783	17	47	1998	1998	NUM
ajfa-4783	17	48	)	)	PUNCT
ajfa-4783	17	49	,	,	PUNCT
ajfa-4783	17	50	or	or	CCONJ
ajfa-4783	17	51	an	an	DET
ajfa-4783	17	52	approach	approach	NOUN
ajfa-4783	17	53	based	base	VERB
ajfa-4783	17	54	on	on	ADP
ajfa-4783	17	55	human	human	ADJ
ajfa-4783	17	56	resource	resource	NOUN
ajfa-4783	17	57	management	management	NOUN
ajfa-4783	17	58	(	(	PUNCT
ajfa-4783	17	59	colot	colot	NOUN
ajfa-4783	17	60	,	,	PUNCT
ajfa-4783	17	61	dupont	dupont	NOUN
ajfa-4783	17	62	,	,	PUNCT
ajfa-4783	17	63	and	and	CCONJ
ajfa-4783	17	64	volral	volral	ADJ
ajfa-4783	17	65	,	,	PUNCT
ajfa-4783	17	66	2008	2008	NUM
ajfa-4783	17	67	)	)	PUNCT
ajfa-4783	17	68	.	.	PUNCT
ajfa-4783	18	1	despite	despite	SCONJ
ajfa-4783	18	2	these	these	DET
ajfa-4783	18	3	empirical	empirical	ADJ
ajfa-4783	18	4	arguments	argument	NOUN
ajfa-4783	18	5	,	,	PUNCT
ajfa-4783	18	6	few	few	ADJ
ajfa-4783	18	7	empirical	empirical	ADJ
ajfa-4783	18	8	studies	study	NOUN
ajfa-4783	18	9	have	have	AUX
ajfa-4783	18	10	tried	try	VERB
ajfa-4783	18	11	to	to	PART
ajfa-4783	18	12	compare	compare	VERB
ajfa-4783	18	13	large	large	ADJ
ajfa-4783	18	14	family	family	NOUN
ajfa-4783	18	15	firms	firm	NOUN
ajfa-4783	18	16	performance	performance	NOUN
ajfa-4783	18	17	in	in	ADP
ajfa-4783	18	18	belgium	belgium	NOUN
ajfa-4783	18	19	since	since	SCONJ
ajfa-4783	18	20	previous	previous	ADJ
ajfa-4783	18	21	research	research	NOUN
ajfa-4783	18	22	has	have	AUX
ajfa-4783	18	23	mainly	mainly	ADV
ajfa-4783	18	24	focused	focus	VERB
ajfa-4783	18	25	on	on	ADP
ajfa-4783	18	26	smes	sme	NOUN
ajfa-4783	18	27	(	(	PUNCT
ajfa-4783	18	28	colot	colot	ADJ
ajfa-4783	18	29	and	and	CCONJ
ajfa-4783	18	30	croquet	croquet	NOUN
ajfa-4783	18	31	,	,	PUNCT
ajfa-4783	18	32	2005	2005	NUM
ajfa-4783	18	33	;	;	PUNCT
ajfa-4783	18	34	colot	colot	NOUN
ajfa-4783	18	35	and	and	CCONJ
ajfa-4783	18	36	bughin	bughin	NOUN
ajfa-4783	18	37	,	,	PUNCT
ajfa-4783	18	38	2008	2008	NUM
ajfa-4783	18	39	;	;	PUNCT
ajfa-4783	18	40	huybrechts	huybrecht	NOUN
ajfa-4783	18	41	et	et	PROPN
ajfa-4783	18	42	al	al	PROPN
ajfa-4783	18	43	.	.	PROPN
ajfa-4783	18	44	,	,	PUNCT
ajfa-4783	18	45	2008	2008	NUM
ajfa-4783	18	46	)	)	PUNCT
ajfa-4783	18	47	.	.	PUNCT
ajfa-4783	19	1	as	as	ADP
ajfa-4783	19	2	a	a	DET
ajfa-4783	19	3	result	result	NOUN
ajfa-4783	19	4	,	,	PUNCT
ajfa-4783	19	5	large	large	ADJ
ajfa-4783	19	6	family	family	NOUN
ajfa-4783	19	7	firms	firm	NOUN
ajfa-4783	19	8	’	’	PART
ajfa-4783	19	9	performance	performance	NOUN
ajfa-4783	19	10	has	have	AUX
ajfa-4783	19	11	not	not	PART
ajfa-4783	19	12	been	be	AUX
ajfa-4783	19	13	linked	link	VERB
ajfa-4783	19	14	with	with	ADP
ajfa-4783	19	15	governance	governance	NOUN
ajfa-4783	19	16	practices	practice	NOUN
ajfa-4783	19	17	in	in	ADP
ajfa-4783	19	18	the	the	DET
ajfa-4783	19	19	belgian	belgian	ADJ
ajfa-4783	19	20	institutional	institutional	ADJ
ajfa-4783	19	21	setting	setting	NOUN
ajfa-4783	19	22	despite	despite	SCONJ
ajfa-4783	19	23	their	their	PRON
ajfa-4783	19	24	potential	potential	NOUN
ajfa-4783	19	25	to	to	PART
ajfa-4783	19	26	contribute	contribute	VERB
ajfa-4783	19	27	to	to	ADP
ajfa-4783	19	28	value	value	NOUN
ajfa-4783	19	29	creation	creation	NOUN
ajfa-4783	19	30	(	(	PUNCT
ajfa-4783	19	31	gombers	gomber	NOUN
ajfa-4783	19	32	et	et	PROPN
ajfa-4783	19	33	al	al	PROPN
ajfa-4783	19	34	.	.	PROPN
ajfa-4783	19	35	,	,	PUNCT
ajfa-4783	19	36	2003	2003	NUM
ajfa-4783	19	37	;	;	PUNCT
ajfa-4783	19	38	drobetz	drobetz	VERB
ajfa-4783	19	39	et	et	PROPN
ajfa-4783	19	40	al	al	PROPN
ajfa-4783	19	41	.	.	PROPN
ajfa-4783	19	42	,	,	PUNCT
ajfa-4783	19	43	2003	2003	NUM
ajfa-4783	19	44	)	)	PUNCT
ajfa-4783	19	45	.	.	PUNCT
ajfa-4783	20	1	indeed	indeed	ADV
ajfa-4783	20	2	,	,	PUNCT
ajfa-4783	20	3	even	even	ADV
ajfa-4783	20	4	though	though	SCONJ
ajfa-4783	20	5	little	little	ADJ
ajfa-4783	20	6	attention	attention	NOUN
ajfa-4783	20	7	has	have	AUX
ajfa-4783	20	8	been	be	AUX
ajfa-4783	20	9	paid	pay	VERB
ajfa-4783	20	10	to	to	ADP
ajfa-4783	20	11	the	the	DET
ajfa-4783	20	12	influence	influence	NOUN
ajfa-4783	20	13	of	of	ADP
ajfa-4783	20	14	governance	governance	NOUN
ajfa-4783	20	15	on	on	ADP
ajfa-4783	20	16	listed	list	VERB
ajfa-4783	20	17	family	family	NOUN
ajfa-4783	20	18	firms	firm	NOUN
ajfa-4783	20	19	performance	performance	NOUN
ajfa-4783	20	20	in	in	ADP
ajfa-4783	20	21	belgium	belgium	PROPN
ajfa-4783	20	22	,	,	PUNCT
ajfa-4783	20	23	gompers	gomper	NOUN
ajfa-4783	20	24	et	et	PROPN
ajfa-4783	20	25	al	al	PROPN
ajfa-4783	20	26	.	.	PUNCT
ajfa-4783	21	1	(	(	PUNCT
ajfa-4783	21	2	2003	2003	NUM
ajfa-4783	21	3	)	)	PUNCT
ajfa-4783	21	4	reveal	reveal	VERB
ajfa-4783	21	5	that	that	SCONJ
ajfa-4783	21	6	good	good	ADJ
ajfa-4783	21	7	governance	governance	NOUN
ajfa-4783	21	8	practices	practice	NOUN
ajfa-4783	21	9	are	be	AUX
ajfa-4783	21	10	positively	positively	ADV
ajfa-4783	21	11	associated	associate	VERB
ajfa-4783	21	12	with	with	ADP
ajfa-4783	21	13	firm	firm	NOUN
ajfa-4783	21	14	’s	’s	PART
ajfa-4783	21	15	performance	performance	NOUN
ajfa-4783	21	16	.	.	PUNCT
ajfa-4783	22	1	in	in	ADP
ajfa-4783	22	2	the	the	DET
ajfa-4783	22	3	same	same	ADJ
ajfa-4783	22	4	vein	vein	NOUN
ajfa-4783	22	5	,	,	PUNCT
ajfa-4783	22	6	drobetz	drobetz	VERB
ajfa-4783	22	7	et	et	PROPN
ajfa-4783	22	8	al	al	PROPN
ajfa-4783	22	9	.	.	PROPN
ajfa-4783	23	1	(	(	PUNCT
ajfa-4783	23	2	2003	2003	NUM
ajfa-4783	23	3	)	)	PUNCT
ajfa-4783	23	4	have	have	AUX
ajfa-4783	23	5	shown	show	VERB
ajfa-4783	23	6	that	that	SCONJ
ajfa-4783	23	7	german	german	ADJ
ajfa-4783	23	8	firms	firm	NOUN
ajfa-4783	23	9	displaying	display	VERB
ajfa-4783	23	10	the	the	DET
ajfa-4783	23	11	highest	high	ADJ
ajfa-4783	23	12	governance	governance	NOUN
ajfa-4783	23	13	scores	score	NOUN
ajfa-4783	23	14	are	be	AUX
ajfa-4783	23	15	the	the	DET
ajfa-4783	23	16	best	good	ADJ
ajfa-4783	23	17	performers	performer	NOUN
ajfa-4783	23	18	.	.	PUNCT
ajfa-4783	24	1	besides	besides	SCONJ
ajfa-4783	24	2	,	,	PUNCT
ajfa-4783	24	3	mckinsey	mckinsey	NOUN
ajfa-4783	24	4	(	(	PUNCT
ajfa-4783	24	5	2002	2002	NUM
ajfa-4783	24	6	)	)	PUNCT
ajfa-4783	24	7	argues	argue	VERB
ajfa-4783	24	8	that	that	SCONJ
ajfa-4783	24	9	institutional	institutional	ADJ
ajfa-4783	24	10	investors	investor	NOUN
ajfa-4783	24	11	are	be	AUX
ajfa-4783	24	12	willing	willing	ADJ
ajfa-4783	24	13	to	to	PART
ajfa-4783	24	14	pay	pay	VERB
ajfa-4783	24	15	a	a	DET
ajfa-4783	24	16	premium	premium	NOUN
ajfa-4783	24	17	comprised	comprise	VERB
ajfa-4783	24	18	between	between	ADP
ajfa-4783	24	19	12	12	NUM
ajfa-4783	24	20	%	%	NOUN
ajfa-4783	24	21	and	and	CCONJ
ajfa-4783	24	22	14	14	NUM
ajfa-4783	24	23	%	%	NOUN
ajfa-4783	24	24	for	for	ADP
ajfa-4783	24	25	firms	firm	NOUN
ajfa-4783	24	26	in	in	ADP
ajfa-4783	24	27	which	which	PRON
ajfa-4783	24	28	good	good	ADJ
ajfa-4783	24	29	governance	governance	NOUN
ajfa-4783	24	30	practices	practice	NOUN
ajfa-4783	24	31	are	be	AUX
ajfa-4783	24	32	implemented	implement	VERB
ajfa-4783	24	33	.	.	PUNCT
ajfa-4783	25	1	in	in	ADP
ajfa-4783	25	2	that	that	DET
ajfa-4783	25	3	sense	sense	NOUN
ajfa-4783	25	4	,	,	PUNCT
ajfa-4783	25	5	amir	amir	X
ajfa-4783	25	6	(	(	PUNCT
ajfa-4783	25	7	2007	2007	NUM
ajfa-4783	25	8	)	)	PUNCT
ajfa-4783	25	9	found	find	VERB
ajfa-4783	25	10	that	that	SCONJ
ajfa-4783	25	11	investment	investment	NOUN
ajfa-4783	25	12	strategies	strategy	NOUN
ajfa-4783	25	13	oriented	orient	VERB
ajfa-4783	25	14	toward	toward	ADP
ajfa-4783	25	15	companies	company	NOUN
ajfa-4783	25	16	with	with	ADP
ajfa-4783	25	17	good	good	ADJ
ajfa-4783	25	18	governance	governance	NOUN
ajfa-4783	25	19	practices	practice	NOUN
ajfa-4783	25	20	generates	generate	VERB
ajfa-4783	25	21	an	an	DET
ajfa-4783	25	22	abnormal	abnormal	ADJ
ajfa-4783	25	23	return	return	NOUN
ajfa-4783	25	24	of	of	ADP
ajfa-4783	25	25	8.5	8.5	NUM
ajfa-4783	25	26	%	%	NOUN
ajfa-4783	25	27	.	.	PUNCT
ajfa-4783	26	1	based	base	VERB
ajfa-4783	26	2	on	on	ADP
ajfa-4783	26	3	these	these	DET
ajfa-4783	26	4	results	result	NOUN
ajfa-4783	26	5	,	,	PUNCT
ajfa-4783	26	6	analyzing	analyze	VERB
ajfa-4783	26	7	the	the	DET
ajfa-4783	26	8	relationship	relationship	NOUN
ajfa-4783	26	9	between	between	ADP
ajfa-4783	26	10	good	good	ADJ
ajfa-4783	26	11	governance	governance	NOUN
ajfa-4783	26	12	practices	practice	NOUN
ajfa-4783	26	13	and	and	CCONJ
ajfa-4783	26	14	performance	performance	NOUN
ajfa-4783	26	15	would	would	AUX
ajfa-4783	26	16	be	be	AUX
ajfa-4783	26	17	particularly	particularly	ADV
ajfa-4783	26	18	relevant	relevant	ADJ
ajfa-4783	26	19	in	in	ADP
ajfa-4783	26	20	family	family	NOUN
ajfa-4783	26	21	businesses	business	NOUN
ajfa-4783	26	22	.	.	PUNCT
ajfa-4783	27	1	indeed	indeed	ADV
ajfa-4783	27	2	,	,	PUNCT
ajfa-4783	27	3	the	the	DET
ajfa-4783	27	4	informal	informal	ADJ
ajfa-4783	27	5	nature	nature	NOUN
ajfa-4783	27	6	of	of	ADP
ajfa-4783	27	7	governance	governance	NOUN
ajfa-4783	27	8	and	and	CCONJ
ajfa-4783	27	9	the	the	DET
ajfa-4783	27	10	willingness	willingness	NOUN
ajfa-4783	27	11	of	of	ADP
ajfa-4783	27	12	family	family	NOUN
ajfa-4783	27	13	owners	owner	NOUN
ajfa-4783	27	14	to	to	PART
ajfa-4783	27	15	preserve	preserve	VERB
ajfa-4783	27	16	their	their	PRON
ajfa-4783	27	17	socioemotional	socioemotional	ADJ
ajfa-4783	27	18	endowment	endowment	NOUN
ajfa-4783	27	19	(	(	PUNCT
ajfa-4783	27	20	gomez	gomez	PROPN
ajfa-4783	27	21	-	-	PUNCT
ajfa-4783	27	22	mejia	mejia	PROPN
ajfa-4783	27	23	et	et	PROPN
ajfa-4783	27	24	al	al	PROPN
ajfa-4783	27	25	.	.	PROPN
ajfa-4783	27	26	,	,	PUNCT
ajfa-4783	27	27	2007	2007	NUM
ajfa-4783	27	28	;	;	PUNCT
ajfa-4783	27	29	berrone	berrone	NOUN
ajfa-4783	27	30	et	et	PROPN
ajfa-4783	27	31	al	al	PROPN
ajfa-4783	27	32	.	.	PROPN
ajfa-4783	27	33	,	,	PUNCT
ajfa-4783	27	34	2010	2010	NUM
ajfa-4783	27	35	)	)	PUNCT
ajfa-4783	27	36	is	be	AUX
ajfa-4783	27	37	likely	likely	ADJ
ajfa-4783	27	38	to	to	PART
ajfa-4783	27	39	have	have	VERB
ajfa-4783	27	40	an	an	DET
ajfa-4783	27	41	impact	impact	NOUN
ajfa-4783	27	42	on	on	ADP
ajfa-4783	27	43	the	the	DET
ajfa-4783	27	44	governance	governance	NOUN
ajfa-4783	27	45	structure	structure	NOUN
ajfa-4783	27	46	adopted	adopt	VERB
ajfa-4783	27	47	by	by	ADP
ajfa-4783	27	48	the	the	DET
ajfa-4783	27	49	organization	organization	NOUN
ajfa-4783	27	50	and	and	CCONJ
ajfa-4783	27	51	its	its	PRON
ajfa-4783	27	52	effect	effect	NOUN
ajfa-4783	27	53	on	on	ADP
ajfa-4783	27	54	firm	firm	NOUN
ajfa-4783	27	55	’s	’s	PART
ajfa-4783	27	56	performance	performance	NOUN
ajfa-4783	27	57	.	.	PUNCT
ajfa-4783	28	1	accordingly	accordingly	ADV
ajfa-4783	28	2	,	,	PUNCT
ajfa-4783	28	3	the	the	DET
ajfa-4783	28	4	main	main	ADJ
ajfa-4783	28	5	purpose	purpose	NOUN
ajfa-4783	28	6	of	of	ADP
ajfa-4783	28	7	this	this	DET
ajfa-4783	28	8	research	research	NOUN
ajfa-4783	28	9	will	will	AUX
ajfa-4783	28	10	be	be	AUX
ajfa-4783	28	11	to	to	PART
ajfa-4783	28	12	investigate	investigate	VERB
ajfa-4783	28	13	the	the	DET
ajfa-4783	28	14	relationship	relationship	NOUN
ajfa-4783	28	15	between	between	ADP
ajfa-4783	28	16	good	good	ADJ
ajfa-4783	28	17	governance	governance	NOUN
ajfa-4783	28	18	practices	practice	NOUN
ajfa-4783	28	19	and	and	CCONJ
ajfa-4783	28	20	performance	performance	NOUN
ajfa-4783	28	21	on	on	ADP
ajfa-4783	28	22	the	the	DET
ajfa-4783	28	23	belgian	belgian	ADJ
ajfa-4783	28	24	stock	stock	NOUN
ajfa-4783	28	25	market	market	NOUN
ajfa-4783	28	26	(	(	PUNCT
ajfa-4783	28	27	bel20	bel20	NOUN
ajfa-4783	28	28	)	)	PUNCT
ajfa-4783	28	29	.	.	PUNCT
ajfa-4783	29	1	furthermore	furthermore	ADV
ajfa-4783	29	2	,	,	PUNCT
ajfa-4783	29	3	the	the	DET
ajfa-4783	29	4	reverse	reverse	ADJ
ajfa-4783	29	5	relationship	relationship	NOUN
ajfa-4783	29	6	between	between	ADP
ajfa-4783	29	7	performance	performance	NOUN
ajfa-4783	29	8	and	and	CCONJ
ajfa-4783	29	9	governance	governance	NOUN
ajfa-4783	29	10	practices	practice	NOUN
ajfa-4783	29	11	would	would	AUX
ajfa-4783	29	12	also	also	ADV
ajfa-4783	29	13	be	be	AUX
ajfa-4783	29	14	investigated	investigate	VERB
ajfa-4783	29	15	in	in	ADP
ajfa-4783	29	16	this	this	DET
ajfa-4783	29	17	paper	paper	NOUN
ajfa-4783	29	18	.	.	PUNCT
ajfa-4783	30	1	in	in	ADP
ajfa-4783	30	2	order	order	NOUN
ajfa-4783	30	3	to	to	PART
ajfa-4783	30	4	lead	lead	VERB
ajfa-4783	30	5	this	this	DET
ajfa-4783	30	6	research	research	NOUN
ajfa-4783	30	7	,	,	PUNCT
ajfa-4783	30	8	a	a	DET
ajfa-4783	30	9	scale	scale	NOUN
ajfa-4783	30	10	will	will	AUX
ajfa-4783	30	11	be	be	AUX
ajfa-4783	30	12	drawn	draw	VERB
ajfa-4783	30	13	up	up	ADP
ajfa-4783	30	14	based	base	VERB
ajfa-4783	30	15	on	on	ADP
ajfa-4783	30	16	the	the	DET
ajfa-4783	30	17	belgian	belgian	ADJ
ajfa-4783	30	18	corporate	corporate	ADJ
ajfa-4783	30	19	governance	governance	NOUN
ajfa-4783	30	20	code	code	NOUN
ajfa-4783	30	21	from	from	ADP
ajfa-4783	30	22	2009	2009	NUM
ajfa-4783	30	23	.	.	PUNCT
ajfa-4783	31	1	in	in	ADP
ajfa-4783	31	2	the	the	DET
ajfa-4783	31	3	next	next	ADJ
ajfa-4783	31	4	step	step	NOUN
ajfa-4783	31	5	,	,	PUNCT
ajfa-4783	31	6	regressions	regression	NOUN
ajfa-4783	31	7	will	will	AUX
ajfa-4783	31	8	be	be	AUX
ajfa-4783	31	9	run	run	VERB
ajfa-4783	31	10	in	in	ADP
ajfa-4783	31	11	order	order	NOUN
ajfa-4783	31	12	to	to	PART
ajfa-4783	31	13	compare	compare	VERB
ajfa-4783	31	14	family	family	NOUN
ajfa-4783	31	15	firms	firm	NOUN
ajfa-4783	31	16	presenting	present	VERB
ajfa-4783	31	17	the	the	DET
ajfa-4783	31	18	highest	high	ADJ
ajfa-4783	31	19	scores	score	NOUN
ajfa-4783	31	20	of	of	ADP
ajfa-4783	31	21	governance	governance	NOUN
ajfa-4783	31	22	and	and	CCONJ
ajfa-4783	31	23	those	those	PRON
ajfa-4783	31	24	displaying	display	VERB
ajfa-4783	31	25	the	the	DET
ajfa-4783	31	26	lowest	low	ADJ
ajfa-4783	31	27	scores	score	NOUN
ajfa-4783	31	28	.	.	PUNCT
ajfa-4783	32	1	the	the	DET
ajfa-4783	32	2	structure	structure	NOUN
ajfa-4783	32	3	of	of	ADP
ajfa-4783	32	4	this	this	DET
ajfa-4783	32	5	paper	paper	NOUN
ajfa-4783	32	6	is	be	AUX
ajfa-4783	32	7	as	as	SCONJ
ajfa-4783	32	8	follows	follow	VERB
ajfa-4783	32	9	.	.	PUNCT
ajfa-4783	33	1	a	a	DET
ajfa-4783	33	2	first	first	ADJ
ajfa-4783	33	3	section	section	NOUN
ajfa-4783	33	4	is	be	AUX
ajfa-4783	33	5	a	a	DET
ajfa-4783	33	6	literature	literature	NOUN
ajfa-4783	33	7	review	review	NOUN
ajfa-4783	33	8	analyzing	analyze	VERB
ajfa-4783	33	9	the	the	DET
ajfa-4783	33	10	role	role	NOUN
ajfa-4783	33	11	of	of	ADP
ajfa-4783	33	12	governance	governance	NOUN
ajfa-4783	33	13	in	in	ADP
ajfa-4783	33	14	family	family	NOUN
ajfa-4783	33	15	firms	firm	NOUN
ajfa-4783	33	16	.	.	PUNCT
ajfa-4783	34	1	the	the	DET
ajfa-4783	34	2	second	second	ADJ
ajfa-4783	34	3	section	section	NOUN
ajfa-4783	34	4	explains	explain	VERB
ajfa-4783	34	5	our	our	PRON
ajfa-4783	34	6	methodological	methodological	ADJ
ajfa-4783	34	7	approach	approach	NOUN
ajfa-4783	34	8	asian	asian	ADJ
ajfa-4783	34	9	journal	journal	PROPN
ajfa-4783	34	10	of	of	ADP
ajfa-4783	34	11	finance	finance	PROPN
ajfa-4783	34	12	&	&	CCONJ
ajfa-4783	34	13	accounting	accounting	PROPN
ajfa-4783	34	14	issn	issn	PROPN
ajfa-4783	34	15	1946	1946	NUM
ajfa-4783	34	16	-	-	PUNCT
ajfa-4783	34	17	052x	052x	PROPN
ajfa-4783	34	18	2014	2014	NUM
ajfa-4783	34	19	,	,	PUNCT
ajfa-4783	34	20	vol	vol	NOUN
ajfa-4783	34	21	.	.	PROPN
ajfa-4783	34	22	6	6	NUM
ajfa-4783	34	23	,	,	PUNCT
ajfa-4783	34	24	no	no	INTJ
ajfa-4783	34	25	.	.	NOUN
ajfa-4783	34	26	1	1	NUM
ajfa-4783	34	27	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4783	34	28	113	113	NUM
ajfa-4783	34	29	regarding	regard	VERB
ajfa-4783	34	30	sample	sample	NOUN
ajfa-4783	34	31	selection	selection	NOUN
ajfa-4783	34	32	,	,	PUNCT
ajfa-4783	34	33	good	good	ADJ
ajfa-4783	34	34	governance	governance	NOUN
ajfa-4783	34	35	practices	practice	NOUN
ajfa-4783	34	36	scale	scale	NOUN
ajfa-4783	34	37	and	and	CCONJ
ajfa-4783	34	38	econometric	econometric	ADJ
ajfa-4783	34	39	models	model	NOUN
ajfa-4783	34	40	.	.	PUNCT
ajfa-4783	35	1	the	the	DET
ajfa-4783	35	2	results	result	NOUN
ajfa-4783	35	3	of	of	ADP
ajfa-4783	35	4	our	our	PRON
ajfa-4783	35	5	research	research	NOUN
ajfa-4783	35	6	are	be	AUX
ajfa-4783	35	7	presented	present	VERB
ajfa-4783	35	8	and	and	CCONJ
ajfa-4783	35	9	discussed	discuss	VERB
ajfa-4783	35	10	in	in	ADP
ajfa-4783	35	11	a	a	DET
ajfa-4783	35	12	third	third	ADJ
ajfa-4783	35	13	section	section	NOUN
ajfa-4783	35	14	before	before	ADP
ajfa-4783	35	15	concluding	conclude	VERB
ajfa-4783	35	16	in	in	ADP
ajfa-4783	35	17	a	a	DET
ajfa-4783	35	18	fourth	fourth	ADJ
ajfa-4783	35	19	section	section	NOUN
ajfa-4783	35	20	.	.	PUNCT
ajfa-4783	36	1	1	1	X
ajfa-4783	36	2	.	.	X
ajfa-4783	36	3	governance	governance	NOUN
ajfa-4783	36	4	within	within	ADP
ajfa-4783	36	5	family	family	NOUN
ajfa-4783	36	6	firms	firm	NOUN
ajfa-4783	36	7	family	family	NOUN
ajfa-4783	36	8	firm	firm	NOUN
ajfa-4783	36	9	’s	’s	PART
ajfa-4783	36	10	performance	performance	NOUN
ajfa-4783	36	11	is	be	AUX
ajfa-4783	36	12	based	base	VERB
ajfa-4783	36	13	on	on	ADP
ajfa-4783	36	14	three	three	NUM
ajfa-4783	36	15	main	main	ADJ
ajfa-4783	36	16	pillars	pillar	NOUN
ajfa-4783	36	17	:	:	PUNCT
ajfa-4783	36	18	a	a	DET
ajfa-4783	36	19	permanent	permanent	ADJ
ajfa-4783	36	20	business	business	NOUN
ajfa-4783	36	21	project	project	NOUN
ajfa-4783	36	22	,	,	PUNCT
ajfa-4783	36	23	a	a	DET
ajfa-4783	36	24	functional	functional	ADJ
ajfa-4783	36	25	family	family	NOUN
ajfa-4783	36	26	group	group	NOUN
ajfa-4783	36	27	,	,	PUNCT
ajfa-4783	36	28	and	and	CCONJ
ajfa-4783	36	29	a	a	DET
ajfa-4783	36	30	professionalized	professionalized	ADJ
ajfa-4783	36	31	management	management	NOUN
ajfa-4783	36	32	(	(	PUNCT
ajfa-4783	36	33	lievens	lievens	PROPN
ajfa-4783	36	34	,	,	PUNCT
ajfa-4783	36	35	2006	2006	NUM
ajfa-4783	36	36	)	)	PUNCT
ajfa-4783	36	37	.	.	PUNCT
ajfa-4783	37	1	indeed	indeed	ADV
ajfa-4783	37	2	,	,	PUNCT
ajfa-4783	37	3	family	family	NOUN
ajfa-4783	37	4	firms	firm	NOUN
ajfa-4783	37	5	can	can	AUX
ajfa-4783	37	6	not	not	PART
ajfa-4783	37	7	remain	remain	VERB
ajfa-4783	37	8	healthy	healthy	ADJ
ajfa-4783	37	9	and	and	CCONJ
ajfa-4783	37	10	evolve	evolve	VERB
ajfa-4783	37	11	if	if	SCONJ
ajfa-4783	37	12	they	they	PRON
ajfa-4783	37	13	do	do	AUX
ajfa-4783	37	14	not	not	PART
ajfa-4783	37	15	develop	develop	VERB
ajfa-4783	37	16	a	a	DET
ajfa-4783	37	17	continuous	continuous	ADJ
ajfa-4783	37	18	business	business	NOUN
ajfa-4783	37	19	project	project	NOUN
ajfa-4783	37	20	and	and	CCONJ
ajfa-4783	37	21	spirit	spirit	NOUN
ajfa-4783	37	22	.	.	PUNCT
ajfa-4783	38	1	they	they	PRON
ajfa-4783	38	2	also	also	ADV
ajfa-4783	38	3	need	need	VERB
ajfa-4783	38	4	to	to	PART
ajfa-4783	38	5	be	be	AUX
ajfa-4783	38	6	supported	support	VERB
ajfa-4783	38	7	by	by	ADP
ajfa-4783	38	8	a	a	DET
ajfa-4783	38	9	healthy	healthy	ADJ
ajfa-4783	38	10	and	and	CCONJ
ajfa-4783	38	11	functional	functional	ADJ
ajfa-4783	38	12	family	family	NOUN
ajfa-4783	38	13	in	in	ADP
ajfa-4783	38	14	an	an	DET
ajfa-4783	38	15	environment	environment	NOUN
ajfa-4783	38	16	guaranteeing	guarantee	VERB
ajfa-4783	38	17	the	the	DET
ajfa-4783	38	18	application	application	NOUN
ajfa-4783	38	19	of	of	ADP
ajfa-4783	38	20	good	good	ADJ
ajfa-4783	38	21	governance	governance	NOUN
ajfa-4783	38	22	practices	practice	NOUN
ajfa-4783	38	23	.	.	PUNCT
ajfa-4783	39	1	therefore	therefore	ADV
ajfa-4783	39	2	,	,	PUNCT
ajfa-4783	39	3	it	it	PRON
ajfa-4783	39	4	seems	seem	VERB
ajfa-4783	39	5	necessary	necessary	ADJ
ajfa-4783	39	6	to	to	PART
ajfa-4783	39	7	assess	assess	VERB
ajfa-4783	39	8	the	the	DET
ajfa-4783	39	9	role	role	NOUN
ajfa-4783	39	10	of	of	ADP
ajfa-4783	39	11	good	good	ADJ
ajfa-4783	39	12	governance	governance	NOUN
ajfa-4783	39	13	in	in	ADP
ajfa-4783	39	14	family	family	NOUN
ajfa-4783	39	15	businesses	business	NOUN
ajfa-4783	39	16	.	.	PUNCT
ajfa-4783	40	1	due	due	ADP
ajfa-4783	40	2	to	to	ADP
ajfa-4783	40	3	the	the	DET
ajfa-4783	40	4	overlapping	overlap	VERB
ajfa-4783	40	5	role	role	NOUN
ajfa-4783	40	6	of	of	ADP
ajfa-4783	40	7	family	family	NOUN
ajfa-4783	40	8	,	,	PUNCT
ajfa-4783	40	9	management	management	NOUN
ajfa-4783	40	10	,	,	PUNCT
ajfa-4783	40	11	and	and	CCONJ
ajfa-4783	40	12	ownership	ownership	NOUN
ajfa-4783	40	13	in	in	ADP
ajfa-4783	40	14	family	family	NOUN
ajfa-4783	40	15	firms	firm	NOUN
ajfa-4783	40	16	,	,	PUNCT
ajfa-4783	40	17	adapted	adapt	VERB
ajfa-4783	40	18	governance	governance	NOUN
ajfa-4783	40	19	structures	structure	NOUN
ajfa-4783	40	20	are	be	AUX
ajfa-4783	40	21	necessary	necessary	ADJ
ajfa-4783	40	22	in	in	ADP
ajfa-4783	40	23	order	order	NOUN
ajfa-4783	40	24	to	to	PART
ajfa-4783	40	25	enhance	enhance	VERB
ajfa-4783	40	26	value	value	NOUN
ajfa-4783	40	27	creation	creation	NOUN
ajfa-4783	40	28	in	in	ADP
ajfa-4783	40	29	this	this	DET
ajfa-4783	40	30	type	type	NOUN
ajfa-4783	40	31	of	of	ADP
ajfa-4783	40	32	organization	organization	NOUN
ajfa-4783	40	33	.	.	PUNCT
ajfa-4783	41	1	in	in	ADP
ajfa-4783	41	2	that	that	DET
ajfa-4783	41	3	sense	sense	NOUN
ajfa-4783	41	4	the	the	DET
ajfa-4783	41	5	particularities	particularity	NOUN
ajfa-4783	41	6	of	of	ADP
ajfa-4783	41	7	governance	governance	NOUN
ajfa-4783	41	8	systems	system	NOUN
ajfa-4783	41	9	within	within	ADP
ajfa-4783	41	10	family	family	NOUN
ajfa-4783	41	11	businesses	business	NOUN
ajfa-4783	41	12	has	have	AUX
ajfa-4783	41	13	been	be	AUX
ajfa-4783	41	14	underlined	underline	VERB
ajfa-4783	41	15	by	by	ADP
ajfa-4783	41	16	numerous	numerous	ADJ
ajfa-4783	41	17	scholars	scholar	NOUN
ajfa-4783	41	18	(	(	PUNCT
ajfa-4783	41	19	melin	melin	NOUN
ajfa-4783	41	20	and	and	CCONJ
ajfa-4783	41	21	nordqvist	nordqvist	PROPN
ajfa-4783	41	22	,	,	PUNCT
ajfa-4783	41	23	2000	2000	NUM
ajfa-4783	41	24	;	;	PUNCT
ajfa-4783	41	25	carney	carney	NOUN
ajfa-4783	41	26	,	,	PUNCT
ajfa-4783	41	27	2005	2005	NUM
ajfa-4783	41	28	;	;	PUNCT
ajfa-4783	41	29	miller	miller	PROPN
ajfa-4783	41	30	and	and	CCONJ
ajfa-4783	41	31	le	le	ADP
ajfa-4783	41	32	breton	breton	PROPN
ajfa-4783	41	33	-	-	PUNCT
ajfa-4783	41	34	miller	miller	PROPN
ajfa-4783	41	35	;	;	PUNCT
ajfa-4783	41	36	madani	madani	PROPN
ajfa-4783	41	37	and	and	CCONJ
ajfa-4783	41	38	khlif	khlif	PROPN
ajfa-4783	41	39	,	,	PUNCT
ajfa-4783	41	40	2010	2010	NUM
ajfa-4783	41	41	)	)	PUNCT
ajfa-4783	41	42	.	.	PUNCT
ajfa-4783	42	1	melin	melin	PROPN
ajfa-4783	42	2	and	and	CCONJ
ajfa-4783	42	3	nordqvist	nordqvist	PROPN
ajfa-4783	42	4	(	(	PUNCT
ajfa-4783	42	5	2000	2000	NUM
ajfa-4783	42	6	)	)	PUNCT
ajfa-4783	42	7	argue	argue	VERB
ajfa-4783	42	8	that	that	SCONJ
ajfa-4783	42	9	governance	governance	NOUN
ajfa-4783	42	10	in	in	ADP
ajfa-4783	42	11	family	family	NOUN
ajfa-4783	42	12	firms	firm	NOUN
ajfa-4783	42	13	differ	differ	VERB
ajfa-4783	42	14	from	from	ADP
ajfa-4783	42	15	the	the	DET
ajfa-4783	42	16	original	original	ADJ
ajfa-4783	42	17	concept	concept	NOUN
ajfa-4783	42	18	depicted	depict	VERB
ajfa-4783	42	19	by	by	ADP
ajfa-4783	42	20	agency	agency	NOUN
ajfa-4783	42	21	theory	theory	NOUN
ajfa-4783	42	22	.	.	PUNCT
ajfa-4783	43	1	they	they	PRON
ajfa-4783	43	2	define	define	VERB
ajfa-4783	43	3	corporate	corporate	ADJ
ajfa-4783	43	4	governance	governance	NOUN
ajfa-4783	43	5	as	as	ADP
ajfa-4783	43	6	the	the	DET
ajfa-4783	43	7	processes	process	NOUN
ajfa-4783	43	8	,	,	PUNCT
ajfa-4783	43	9	principles	principle	NOUN
ajfa-4783	43	10	,	,	PUNCT
ajfa-4783	43	11	structures	structure	NOUN
ajfa-4783	43	12	,	,	PUNCT
ajfa-4783	43	13	and	and	CCONJ
ajfa-4783	43	14	relationships	relationship	NOUN
ajfa-4783	43	15	that	that	PRON
ajfa-4783	43	16	contribute	contribute	VERB
ajfa-4783	43	17	to	to	ADP
ajfa-4783	43	18	the	the	DET
ajfa-4783	43	19	achievement	achievement	NOUN
ajfa-4783	43	20	of	of	ADP
ajfa-4783	43	21	family	family	NOUN
ajfa-4783	43	22	owners	owner	NOUN
ajfa-4783	43	23	’	'	PUNCT
ajfa-4783	43	24	goals	goal	NOUN
ajfa-4783	43	25	.	.	PUNCT
ajfa-4783	44	1	based	base	VERB
ajfa-4783	44	2	on	on	ADP
ajfa-4783	44	3	this	this	DET
ajfa-4783	44	4	definition	definition	NOUN
ajfa-4783	44	5	,	,	PUNCT
ajfa-4783	44	6	corporate	corporate	ADJ
ajfa-4783	44	7	governance	governance	NOUN
ajfa-4783	44	8	in	in	ADP
ajfa-4783	44	9	family	family	NOUN
ajfa-4783	44	10	firms	firm	NOUN
ajfa-4783	44	11	is	be	AUX
ajfa-4783	44	12	more	more	ADJ
ajfa-4783	44	13	about	about	ADP
ajfa-4783	44	14	the	the	DET
ajfa-4783	44	15	real	real	ADJ
ajfa-4783	44	16	influence	influence	NOUN
ajfa-4783	44	17	of	of	ADP
ajfa-4783	44	18	the	the	DET
ajfa-4783	44	19	family	family	NOUN
ajfa-4783	44	20	over	over	ADP
ajfa-4783	44	21	the	the	DET
ajfa-4783	44	22	organization	organization	NOUN
ajfa-4783	44	23	than	than	ADP
ajfa-4783	44	24	the	the	DET
ajfa-4783	44	25	relationships	relationship	NOUN
ajfa-4783	44	26	between	between	ADP
ajfa-4783	44	27	owners	owner	NOUN
ajfa-4783	44	28	and	and	CCONJ
ajfa-4783	44	29	managers	manager	NOUN
ajfa-4783	44	30	.	.	PUNCT
ajfa-4783	45	1	therefore	therefore	ADV
ajfa-4783	45	2	,	,	PUNCT
ajfa-4783	45	3	it	it	PRON
ajfa-4783	45	4	means	mean	VERB
ajfa-4783	45	5	that	that	SCONJ
ajfa-4783	45	6	as	as	ADP
ajfa-4783	45	7	well	well	ADV
ajfa-4783	45	8	factors	factor	NOUN
ajfa-4783	45	9	related	relate	VERB
ajfa-4783	45	10	to	to	ADP
ajfa-4783	45	11	structures	structure	NOUN
ajfa-4783	45	12	and	and	CCONJ
ajfa-4783	45	13	processes	process	NOUN
ajfa-4783	45	14	as	as	ADV
ajfa-4783	45	15	formal	formal	ADJ
ajfa-4783	45	16	and	and	CCONJ
ajfa-4783	45	17	informal	informal	ADJ
ajfa-4783	45	18	family	family	NOUN
ajfa-4783	45	19	influence	influence	NOUN
ajfa-4783	45	20	through	through	ADP
ajfa-4783	45	21	ownership	ownership	NOUN
ajfa-4783	45	22	,	,	PUNCT
ajfa-4783	45	23	management	management	NOUN
ajfa-4783	45	24	,	,	PUNCT
ajfa-4783	45	25	and	and	CCONJ
ajfa-4783	45	26	supervision	supervision	NOUN
ajfa-4783	45	27	have	have	VERB
ajfa-4783	45	28	to	to	PART
ajfa-4783	45	29	be	be	AUX
ajfa-4783	45	30	taken	take	VERB
ajfa-4783	45	31	account	account	NOUN
ajfa-4783	45	32	.	.	PUNCT
ajfa-4783	46	1	according	accord	VERB
ajfa-4783	46	2	to	to	ADP
ajfa-4783	46	3	this	this	DET
ajfa-4783	46	4	view	view	NOUN
ajfa-4783	46	5	,	,	PUNCT
ajfa-4783	46	6	the	the	DET
ajfa-4783	46	7	existence	existence	NOUN
ajfa-4783	46	8	of	of	ADP
ajfa-4783	46	9	strong	strong	ADJ
ajfa-4783	46	10	and	and	CCONJ
ajfa-4783	46	11	longstanding	longstanding	ADJ
ajfa-4783	46	12	relationships	relationship	NOUN
ajfa-4783	46	13	among	among	ADP
ajfa-4783	46	14	family	family	NOUN
ajfa-4783	46	15	members	member	NOUN
ajfa-4783	46	16	turns	turn	VERB
ajfa-4783	46	17	the	the	DET
ajfa-4783	46	18	family	family	NOUN
ajfa-4783	46	19	into	into	ADP
ajfa-4783	46	20	a	a	DET
ajfa-4783	46	21	natural	natural	ADJ
ajfa-4783	46	22	governance	governance	NOUN
ajfa-4783	46	23	mechanism	mechanism	NOUN
ajfa-4783	46	24	.	.	PUNCT
ajfa-4783	47	1	in	in	ADP
ajfa-4783	47	2	such	such	DET
ajfa-4783	47	3	a	a	DET
ajfa-4783	47	4	context	context	NOUN
ajfa-4783	47	5	,	,	PUNCT
ajfa-4783	47	6	family	family	NOUN
ajfa-4783	47	7	ties	tie	NOUN
ajfa-4783	47	8	and	and	CCONJ
ajfa-4783	47	9	the	the	DET
ajfa-4783	47	10	multiple	multiple	ADJ
ajfa-4783	47	11	roles	role	NOUN
ajfa-4783	47	12	of	of	ADP
ajfa-4783	47	13	family	family	NOUN
ajfa-4783	47	14	members	member	NOUN
ajfa-4783	47	15	in	in	ADP
ajfa-4783	47	16	the	the	DET
ajfa-4783	47	17	organization	organization	NOUN
ajfa-4783	47	18	enable	enable	VERB
ajfa-4783	47	19	family	family	NOUN
ajfa-4783	47	20	structures	structure	NOUN
ajfa-4783	47	21	to	to	PART
ajfa-4783	47	22	efficiently	efficiently	ADV
ajfa-4783	47	23	control	control	VERB
ajfa-4783	47	24	the	the	DET
ajfa-4783	47	25	behaviors	behavior	NOUN
ajfa-4783	47	26	of	of	ADP
ajfa-4783	47	27	family	family	NOUN
ajfa-4783	47	28	agents	agent	NOUN
ajfa-4783	47	29	.	.	PUNCT
ajfa-4783	48	1	another	another	DET
ajfa-4783	48	2	point	point	NOUN
ajfa-4783	48	3	of	of	ADP
ajfa-4783	48	4	view	view	NOUN
ajfa-4783	48	5	is	be	AUX
ajfa-4783	48	6	given	give	VERB
ajfa-4783	48	7	by	by	ADP
ajfa-4783	48	8	neubauer	neubauer	PROPN
ajfa-4783	48	9	and	and	CCONJ
ajfa-4783	48	10	lank	lank	ADJ
ajfa-4783	48	11	(	(	PUNCT
ajfa-4783	48	12	1998	1998	NUM
ajfa-4783	48	13	)	)	PUNCT
ajfa-4783	48	14	who	who	PRON
ajfa-4783	48	15	have	have	AUX
ajfa-4783	48	16	defined	define	VERB
ajfa-4783	48	17	corporate	corporate	ADJ
ajfa-4783	48	18	governance	governance	NOUN
ajfa-4783	48	19	as	as	ADP
ajfa-4783	48	20	a	a	DET
ajfa-4783	48	21	system	system	NOUN
ajfa-4783	48	22	of	of	ADP
ajfa-4783	48	23	structures	structure	NOUN
ajfa-4783	48	24	and	and	CCONJ
ajfa-4783	48	25	processes	process	NOUN
ajfa-4783	48	26	enhancing	enhance	VERB
ajfa-4783	48	27	control	control	NOUN
ajfa-4783	48	28	and	and	CCONJ
ajfa-4783	48	29	leadership	leadership	NOUN
ajfa-4783	48	30	in	in	ADP
ajfa-4783	48	31	the	the	DET
ajfa-4783	48	32	company	company	NOUN
ajfa-4783	48	33	.	.	PUNCT
ajfa-4783	49	1	applying	apply	VERB
ajfa-4783	49	2	this	this	DET
ajfa-4783	49	3	broad	broad	ADJ
ajfa-4783	49	4	definition	definition	NOUN
ajfa-4783	49	5	of	of	ADP
ajfa-4783	49	6	corporate	corporate	ADJ
ajfa-4783	49	7	governance	governance	NOUN
ajfa-4783	49	8	is	be	AUX
ajfa-4783	49	9	relevant	relevant	ADJ
ajfa-4783	49	10	at	at	ADP
ajfa-4783	49	11	two	two	NUM
ajfa-4783	49	12	levels	level	NOUN
ajfa-4783	49	13	.	.	PUNCT
ajfa-4783	50	1	firstly	firstly	ADV
ajfa-4783	50	2	,	,	PUNCT
ajfa-4783	50	3	family	family	NOUN
ajfa-4783	50	4	governance	governance	NOUN
ajfa-4783	50	5	refers	refer	VERB
ajfa-4783	50	6	to	to	ADP
ajfa-4783	50	7	the	the	DET
ajfa-4783	50	8	function	function	NOUN
ajfa-4783	50	9	of	of	ADP
ajfa-4783	50	10	control	control	NOUN
ajfa-4783	50	11	but	but	CCONJ
ajfa-4783	50	12	also	also	ADV
ajfa-4783	50	13	to	to	ADP
ajfa-4783	50	14	the	the	DET
ajfa-4783	50	15	function	function	NOUN
ajfa-4783	50	16	of	of	ADP
ajfa-4783	50	17	leadership	leadership	NOUN
ajfa-4783	50	18	through	through	ADP
ajfa-4783	50	19	the	the	DET
ajfa-4783	50	20	strategy	strategy	NOUN
ajfa-4783	50	21	-	-	PUNCT
ajfa-4783	50	22	making	make	VERB
ajfa-4783	50	23	process	process	NOUN
ajfa-4783	50	24	.	.	PUNCT
ajfa-4783	51	1	secondly	secondly	ADV
ajfa-4783	51	2	,	,	PUNCT
ajfa-4783	51	3	family	family	NOUN
ajfa-4783	51	4	governance	governance	NOUN
ajfa-4783	51	5	is	be	AUX
ajfa-4783	51	6	composed	compose	VERB
ajfa-4783	51	7	of	of	ADP
ajfa-4783	51	8	three	three	NUM
ajfa-4783	51	9	principal	principal	ADJ
ajfa-4783	51	10	components	component	NOUN
ajfa-4783	51	11	:	:	PUNCT
ajfa-4783	51	12	the	the	DET
ajfa-4783	51	13	family	family	NOUN
ajfa-4783	51	14	,	,	PUNCT
ajfa-4783	51	15	the	the	DET
ajfa-4783	51	16	board	board	NOUN
ajfa-4783	51	17	of	of	ADP
ajfa-4783	51	18	director	director	NOUN
ajfa-4783	51	19	,	,	PUNCT
ajfa-4783	51	20	and	and	CCONJ
ajfa-4783	51	21	the	the	DET
ajfa-4783	51	22	top	top	ADJ
ajfa-4783	51	23	management	management	NOUN
ajfa-4783	51	24	.	.	PUNCT
ajfa-4783	52	1	the	the	DET
ajfa-4783	52	2	family	family	NOUN
ajfa-4783	52	3	dimension	dimension	NOUN
ajfa-4783	52	4	makes	make	VERB
ajfa-4783	52	5	the	the	DET
ajfa-4783	52	6	governance	governance	NOUN
ajfa-4783	52	7	system	system	NOUN
ajfa-4783	52	8	a	a	DET
ajfa-4783	52	9	point	point	NOUN
ajfa-4783	52	10	of	of	ADP
ajfa-4783	52	11	confrontation	confrontation	NOUN
ajfa-4783	52	12	between	between	ADP
ajfa-4783	52	13	family	family	NOUN
ajfa-4783	52	14	values	value	NOUN
ajfa-4783	52	15	and	and	CCONJ
ajfa-4783	52	16	economic	economic	ADJ
ajfa-4783	52	17	goals	goal	NOUN
ajfa-4783	52	18	.	.	PUNCT
ajfa-4783	53	1	accordingly	accordingly	ADV
ajfa-4783	53	2	,	,	PUNCT
ajfa-4783	53	3	family	family	NOUN
ajfa-4783	53	4	governance	governance	NOUN
ajfa-4783	53	5	has	have	VERB
ajfa-4783	53	6	to	to	PART
ajfa-4783	53	7	take	take	VERB
ajfa-4783	53	8	into	into	ADP
ajfa-4783	53	9	account	account	NOUN
ajfa-4783	53	10	the	the	DET
ajfa-4783	53	11	complexity	complexity	NOUN
ajfa-4783	53	12	induced	induce	VERB
ajfa-4783	53	13	by	by	ADP
ajfa-4783	53	14	the	the	DET
ajfa-4783	53	15	presence	presence	NOUN
ajfa-4783	53	16	of	of	ADP
ajfa-4783	53	17	family	family	NOUN
ajfa-4783	53	18	members	member	NOUN
ajfa-4783	53	19	and	and	CCONJ
ajfa-4783	53	20	their	their	PRON
ajfa-4783	53	21	roles	role	NOUN
ajfa-4783	53	22	in	in	ADP
ajfa-4783	53	23	the	the	DET
ajfa-4783	53	24	entrepreneurial	entrepreneurial	ADJ
ajfa-4783	53	25	structures	structure	NOUN
ajfa-4783	53	26	.	.	PUNCT
ajfa-4783	54	1	as	as	ADP
ajfa-4783	54	2	a	a	DET
ajfa-4783	54	3	result	result	NOUN
ajfa-4783	54	4	,	,	PUNCT
ajfa-4783	54	5	the	the	DET
ajfa-4783	54	6	family	family	NOUN
ajfa-4783	54	7	system	system	NOUN
ajfa-4783	54	8	plays	play	VERB
ajfa-4783	54	9	a	a	DET
ajfa-4783	54	10	significant	significant	ADJ
ajfa-4783	54	11	role	role	NOUN
ajfa-4783	54	12	in	in	ADP
ajfa-4783	54	13	the	the	DET
ajfa-4783	54	14	value	value	NOUN
ajfa-4783	54	15	creation	creation	NOUN
ajfa-4783	54	16	process	process	NOUN
ajfa-4783	54	17	.	.	PUNCT
ajfa-4783	55	1	therefore	therefore	ADV
ajfa-4783	55	2	,	,	PUNCT
ajfa-4783	55	3	neubauer	neubauer	PROPN
ajfa-4783	55	4	and	and	CCONJ
ajfa-4783	55	5	lank	lank	ADJ
ajfa-4783	55	6	(	(	PUNCT
ajfa-4783	55	7	1998	1998	NUM
ajfa-4783	55	8	)	)	PUNCT
ajfa-4783	55	9	have	have	AUX
ajfa-4783	55	10	stressed	stress	VERB
ajfa-4783	55	11	that	that	SCONJ
ajfa-4783	55	12	a	a	DET
ajfa-4783	55	13	family	family	NOUN
ajfa-4783	55	14	who	who	PRON
ajfa-4783	55	15	wants	want	VERB
ajfa-4783	55	16	to	to	PART
ajfa-4783	55	17	stay	stay	VERB
ajfa-4783	55	18	involved	involve	VERB
ajfa-4783	55	19	through	through	ADP
ajfa-4783	55	20	ownership	ownership	NOUN
ajfa-4783	55	21	and	and	CCONJ
ajfa-4783	55	22	management	management	NOUN
ajfa-4783	55	23	has	have	VERB
ajfa-4783	55	24	to	to	PART
ajfa-4783	55	25	implement	implement	VERB
ajfa-4783	55	26	mechanisms	mechanism	NOUN
ajfa-4783	55	27	that	that	PRON
ajfa-4783	55	28	enable	enable	VERB
ajfa-4783	55	29	the	the	DET
ajfa-4783	55	30	family	family	NOUN
ajfa-4783	55	31	to	to	PART
ajfa-4783	55	32	be	be	AUX
ajfa-4783	55	33	coherent	coherent	ADJ
ajfa-4783	55	34	such	such	ADJ
ajfa-4783	55	35	as	as	ADP
ajfa-4783	55	36	family	family	NOUN
ajfa-4783	55	37	meeting	meeting	NOUN
ajfa-4783	55	38	,	,	PUNCT
ajfa-4783	55	39	family	family	NOUN
ajfa-4783	55	40	councils	council	NOUN
ajfa-4783	55	41	,	,	PUNCT
ajfa-4783	55	42	family	family	NOUN
ajfa-4783	55	43	nomination	nomination	NOUN
ajfa-4783	55	44	committee	committee	NOUN
ajfa-4783	55	45	,	,	PUNCT
ajfa-4783	55	46	etc	etc	X
ajfa-4783	55	47	.	.	X
ajfa-4783	55	48	asian	asian	ADJ
ajfa-4783	55	49	journal	journal	PROPN
ajfa-4783	55	50	of	of	ADP
ajfa-4783	55	51	finance	finance	PROPN
ajfa-4783	55	52	&	&	CCONJ
ajfa-4783	55	53	accounting	accounting	PROPN
ajfa-4783	55	54	issn	issn	PROPN
ajfa-4783	55	55	1946	1946	NUM
ajfa-4783	55	56	-	-	PUNCT
ajfa-4783	55	57	052x	052x	PROPN
ajfa-4783	55	58	2014	2014	NUM
ajfa-4783	55	59	,	,	PUNCT
ajfa-4783	55	60	vol	vol	NOUN
ajfa-4783	55	61	.	.	PROPN
ajfa-4783	56	1	6	6	NUM
ajfa-4783	56	2	,	,	PUNCT
ajfa-4783	56	3	no	no	INTJ
ajfa-4783	56	4	.	.	NOUN
ajfa-4783	56	5	1	1	NUM
ajfa-4783	56	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4783	56	7	114	114	NUM
ajfa-4783	56	8	whereas	whereas	SCONJ
ajfa-4783	56	9	the	the	DET
ajfa-4783	56	10	family	family	NOUN
ajfa-4783	56	11	is	be	AUX
ajfa-4783	56	12	an	an	DET
ajfa-4783	56	13	essential	essential	ADJ
ajfa-4783	56	14	pillar	pillar	NOUN
ajfa-4783	56	15	of	of	ADP
ajfa-4783	56	16	the	the	DET
ajfa-4783	56	17	governance	governance	NOUN
ajfa-4783	56	18	structure	structure	NOUN
ajfa-4783	56	19	adopted	adopt	VERB
ajfa-4783	56	20	by	by	ADP
ajfa-4783	56	21	family	family	NOUN
ajfa-4783	56	22	businesses	business	NOUN
ajfa-4783	56	23	,	,	PUNCT
ajfa-4783	56	24	lievens	lieven	NOUN
ajfa-4783	56	25	(	(	PUNCT
ajfa-4783	56	26	2006	2006	NUM
ajfa-4783	56	27	)	)	PUNCT
ajfa-4783	56	28	underlines	underline	VERB
ajfa-4783	56	29	the	the	DET
ajfa-4783	56	30	degree	degree	NOUN
ajfa-4783	56	31	of	of	ADP
ajfa-4783	56	32	importance	importance	NOUN
ajfa-4783	56	33	devoted	devote	VERB
ajfa-4783	56	34	to	to	ADP
ajfa-4783	56	35	the	the	DET
ajfa-4783	56	36	board	board	NOUN
ajfa-4783	56	37	.	.	PUNCT
ajfa-4783	57	1	indeed	indeed	ADV
ajfa-4783	57	2	,	,	PUNCT
ajfa-4783	57	3	although	although	SCONJ
ajfa-4783	57	4	the	the	DET
ajfa-4783	57	5	board	board	NOUN
ajfa-4783	57	6	is	be	AUX
ajfa-4783	57	7	a	a	DET
ajfa-4783	57	8	primordial	primordial	ADJ
ajfa-4783	57	9	element	element	NOUN
ajfa-4783	57	10	in	in	ADP
ajfa-4783	57	11	the	the	DET
ajfa-4783	57	12	classic	classic	ADJ
ajfa-4783	57	13	managerial	managerial	ADJ
ajfa-4783	57	14	governance	governance	NOUN
ajfa-4783	57	15	,	,	PUNCT
ajfa-4783	57	16	the	the	DET
ajfa-4783	57	17	overlapping	overlapping	NOUN
ajfa-4783	57	18	of	of	ADP
ajfa-4783	57	19	ownership	ownership	NOUN
ajfa-4783	57	20	and	and	CCONJ
ajfa-4783	57	21	managements	management	NOUN
ajfa-4783	57	22	in	in	ADP
ajfa-4783	57	23	family	family	NOUN
ajfa-4783	57	24	firms	firm	NOUN
ajfa-4783	57	25	creates	create	VERB
ajfa-4783	57	26	a	a	DET
ajfa-4783	57	27	context	context	NOUN
ajfa-4783	57	28	where	where	SCONJ
ajfa-4783	57	29	the	the	DET
ajfa-4783	57	30	board	board	NOUN
ajfa-4783	57	31	and	and	CCONJ
ajfa-4783	57	32	the	the	DET
ajfa-4783	57	33	management	management	NOUN
ajfa-4783	57	34	appear	appear	VERB
ajfa-4783	57	35	as	as	ADP
ajfa-4783	57	36	equivalent	equivalent	ADJ
ajfa-4783	57	37	actors	actor	NOUN
ajfa-4783	57	38	.	.	PUNCT
ajfa-4783	58	1	in	in	ADP
ajfa-4783	58	2	such	such	DET
ajfa-4783	58	3	a	a	DET
ajfa-4783	58	4	context	context	NOUN
ajfa-4783	58	5	,	,	PUNCT
ajfa-4783	58	6	corporate	corporate	ADJ
ajfa-4783	58	7	governance	governance	NOUN
ajfa-4783	58	8	is	be	AUX
ajfa-4783	58	9	more	more	ADV
ajfa-4783	58	10	likely	likely	ADJ
ajfa-4783	58	11	to	to	PART
ajfa-4783	58	12	be	be	AUX
ajfa-4783	58	13	apparent	apparent	ADJ
ajfa-4783	58	14	through	through	ADP
ajfa-4783	58	15	informal	informal	ADJ
ajfa-4783	58	16	processes	process	NOUN
ajfa-4783	58	17	.	.	PUNCT
ajfa-4783	59	1	in	in	ADP
ajfa-4783	59	2	that	that	DET
ajfa-4783	59	3	sense	sense	NOUN
ajfa-4783	59	4	,	,	PUNCT
ajfa-4783	59	5	davis	davis	PROPN
ajfa-4783	59	6	et	et	PROPN
ajfa-4783	59	7	al	al	PROPN
ajfa-4783	59	8	.	.	PROPN
ajfa-4783	59	9	(	(	PUNCT
ajfa-4783	59	10	1997	1997	NUM
ajfa-4783	59	11	)	)	PUNCT
ajfa-4783	59	12	argue	argue	VERB
ajfa-4783	59	13	that	that	SCONJ
ajfa-4783	59	14	informal	informal	ADJ
ajfa-4783	59	15	processes	process	NOUN
ajfa-4783	59	16	are	be	AUX
ajfa-4783	59	17	preferred	prefer	VERB
ajfa-4783	59	18	in	in	ADP
ajfa-4783	59	19	family	family	NOUN
ajfa-4783	59	20	firms	firm	NOUN
ajfa-4783	59	21	and	and	CCONJ
ajfa-4783	59	22	that	that	PRON
ajfa-4783	59	23	formal	formal	ADJ
ajfa-4783	59	24	structures	structure	NOUN
ajfa-4783	59	25	have	have	VERB
ajfa-4783	59	26	to	to	PART
ajfa-4783	59	27	be	be	AUX
ajfa-4783	59	28	implemented	implement	VERB
ajfa-4783	59	29	when	when	SCONJ
ajfa-4783	59	30	it	it	PRON
ajfa-4783	59	31	is	be	AUX
ajfa-4783	59	32	impossible	impossible	ADJ
ajfa-4783	59	33	to	to	PART
ajfa-4783	59	34	complete	complete	VERB
ajfa-4783	59	35	the	the	DET
ajfa-4783	59	36	current	current	ADJ
ajfa-4783	59	37	and	and	CCONJ
ajfa-4783	59	38	short	short	ADJ
ajfa-4783	59	39	-	-	PUNCT
ajfa-4783	59	40	term	term	NOUN
ajfa-4783	59	41	governance	governance	NOUN
ajfa-4783	59	42	objectives	objective	NOUN
ajfa-4783	59	43	.	.	PUNCT
ajfa-4783	60	1	therefore	therefore	ADV
ajfa-4783	60	2	,	,	PUNCT
ajfa-4783	60	3	due	due	ADP
ajfa-4783	60	4	to	to	ADP
ajfa-4783	60	5	less	less	ADV
ajfa-4783	60	6	formalistic	formalistic	ADJ
ajfa-4783	60	7	style	style	NOUN
ajfa-4783	60	8	of	of	ADP
ajfa-4783	60	9	family	family	NOUN
ajfa-4783	60	10	governance	governance	NOUN
ajfa-4783	60	11	(	(	PUNCT
ajfa-4783	60	12	carney	carney	NOUN
ajfa-4783	60	13	,	,	PUNCT
ajfa-4783	60	14	2005	2005	NUM
ajfa-4783	60	15	)	)	PUNCT
ajfa-4783	60	16	,	,	PUNCT
ajfa-4783	60	17	the	the	DET
ajfa-4783	60	18	implementation	implementation	NOUN
ajfa-4783	60	19	of	of	ADP
ajfa-4783	60	20	formal	formal	ADJ
ajfa-4783	60	21	family	family	NOUN
ajfa-4783	60	22	governance	governance	NOUN
ajfa-4783	60	23	can	can	AUX
ajfa-4783	60	24	be	be	AUX
ajfa-4783	60	25	likely	likely	ADJ
ajfa-4783	60	26	to	to	PART
ajfa-4783	60	27	create	create	VERB
ajfa-4783	60	28	a	a	DET
ajfa-4783	60	29	superfluous	superfluous	ADJ
ajfa-4783	60	30	cost	cost	NOUN
ajfa-4783	60	31	that	that	PRON
ajfa-4783	60	32	alters	alter	VERB
ajfa-4783	60	33	performance	performance	NOUN
ajfa-4783	60	34	.	.	PUNCT
ajfa-4783	61	1	based	base	VERB
ajfa-4783	61	2	on	on	ADP
ajfa-4783	61	3	this	this	DET
ajfa-4783	61	4	assumption	assumption	NOUN
ajfa-4783	61	5	,	,	PUNCT
ajfa-4783	61	6	the	the	DET
ajfa-4783	61	7	presence	presence	NOUN
ajfa-4783	61	8	of	of	ADP
ajfa-4783	61	9	good	good	ADJ
ajfa-4783	61	10	governance	governance	NOUN
ajfa-4783	61	11	practices	practice	NOUN
ajfa-4783	61	12	in	in	ADP
ajfa-4783	61	13	family	family	NOUN
ajfa-4783	61	14	firms	firm	NOUN
ajfa-4783	61	15	can	can	AUX
ajfa-4783	61	16	be	be	AUX
ajfa-4783	61	17	detrimental	detrimental	ADJ
ajfa-4783	61	18	to	to	PART
ajfa-4783	61	19	value	value	VERB
ajfa-4783	61	20	creation	creation	NOUN
ajfa-4783	61	21	since	since	SCONJ
ajfa-4783	61	22	their	their	PRON
ajfa-4783	61	23	opportunity	opportunity	NOUN
ajfa-4783	61	24	cost	cost	NOUN
ajfa-4783	61	25	is	be	AUX
ajfa-4783	61	26	high	high	ADJ
ajfa-4783	61	27	.	.	PUNCT
ajfa-4783	62	1	despite	despite	SCONJ
ajfa-4783	62	2	the	the	DET
ajfa-4783	62	3	economic	economic	ADJ
ajfa-4783	62	4	cost	cost	NOUN
ajfa-4783	62	5	of	of	ADP
ajfa-4783	62	6	these	these	DET
ajfa-4783	62	7	formal	formal	ADJ
ajfa-4783	62	8	mechanisms	mechanism	NOUN
ajfa-4783	62	9	,	,	PUNCT
ajfa-4783	62	10	the	the	DET
ajfa-4783	62	11	likelihood	likelihood	NOUN
ajfa-4783	62	12	of	of	ADP
ajfa-4783	62	13	their	their	PRON
ajfa-4783	62	14	implementation	implementation	NOUN
ajfa-4783	62	15	is	be	AUX
ajfa-4783	62	16	high	high	ADJ
ajfa-4783	62	17	.	.	PUNCT
ajfa-4783	63	1	indeed	indeed	ADV
ajfa-4783	63	2	,	,	PUNCT
ajfa-4783	63	3	gomez	gomez	PROPN
ajfa-4783	63	4	-	-	PUNCT
ajfa-4783	63	5	mejia	mejia	PROPN
ajfa-4783	63	6	et	et	PROPN
ajfa-4783	63	7	al	al	PROPN
ajfa-4783	63	8	.	.	PROPN
ajfa-4783	64	1	(	(	PUNCT
ajfa-4783	64	2	2007	2007	NUM
ajfa-4783	64	3	)	)	PUNCT
ajfa-4783	64	4	underline	underline	VERB
ajfa-4783	64	5	the	the	DET
ajfa-4783	64	6	importance	importance	NOUN
ajfa-4783	64	7	of	of	ADP
ajfa-4783	64	8	socioemotional	socioemotional	ADJ
ajfa-4783	64	9	wealth	wealth	NOUN
ajfa-4783	64	10	in	in	ADP
ajfa-4783	64	11	family	family	NOUN
ajfa-4783	64	12	firms	firm	NOUN
ajfa-4783	64	13	.	.	PUNCT
ajfa-4783	65	1	indeed	indeed	ADV
ajfa-4783	65	2	,	,	PUNCT
ajfa-4783	65	3	family	family	NOUN
ajfa-4783	65	4	firms	firm	NOUN
ajfa-4783	65	5	can	can	AUX
ajfa-4783	65	6	take	take	VERB
ajfa-4783	65	7	decisions	decision	NOUN
ajfa-4783	65	8	that	that	PRON
ajfa-4783	65	9	are	be	AUX
ajfa-4783	65	10	not	not	PART
ajfa-4783	65	11	always	always	ADV
ajfa-4783	65	12	economically	economically	ADV
ajfa-4783	65	13	driven	drive	VERB
ajfa-4783	65	14	in	in	ADP
ajfa-4783	65	15	order	order	NOUN
ajfa-4783	65	16	to	to	PART
ajfa-4783	65	17	preserve	preserve	VERB
ajfa-4783	65	18	their	their	PRON
ajfa-4783	65	19	socioemotional	socioemotional	ADJ
ajfa-4783	65	20	endowment	endowment	NOUN
ajfa-4783	65	21	(	(	PUNCT
ajfa-4783	65	22	gomez	gomez	PROPN
ajfa-4783	65	23	-	-	PUNCT
ajfa-4783	65	24	mejia	mejia	PROPN
ajfa-4783	65	25	et	et	PROPN
ajfa-4783	65	26	al	al	PROPN
ajfa-4783	65	27	.	.	PROPN
ajfa-4783	65	28	,	,	PUNCT
ajfa-4783	65	29	2007	2007	NUM
ajfa-4783	65	30	;	;	PUNCT
ajfa-4783	65	31	gomez	gomez	PROPN
ajfa-4783	65	32	-	-	PUNCT
ajfa-4783	65	33	mejia	mejia	PROPN
ajfa-4783	65	34	et	et	PROPN
ajfa-4783	65	35	al	al	PROPN
ajfa-4783	65	36	.	.	PROPN
ajfa-4783	65	37	,	,	PUNCT
ajfa-4783	65	38	2010	2010	NUM
ajfa-4783	65	39	)	)	PUNCT
ajfa-4783	65	40	.	.	PUNCT
ajfa-4783	66	1	adopting	adopt	VERB
ajfa-4783	66	2	this	this	DET
ajfa-4783	66	3	perspective	perspective	NOUN
ajfa-4783	66	4	,	,	PUNCT
ajfa-4783	66	5	family	family	NOUN
ajfa-4783	66	6	principals	principal	NOUN
ajfa-4783	66	7	can	can	AUX
ajfa-4783	66	8	be	be	AUX
ajfa-4783	66	9	tempted	tempt	VERB
ajfa-4783	66	10	to	to	PART
ajfa-4783	66	11	adopt	adopt	VERB
ajfa-4783	66	12	elaborated	elaborate	VERB
ajfa-4783	66	13	governance	governance	NOUN
ajfa-4783	66	14	structure	structure	NOUN
ajfa-4783	66	15	that	that	PRON
ajfa-4783	66	16	can	can	AUX
ajfa-4783	66	17	be	be	AUX
ajfa-4783	66	18	seen	see	VERB
ajfa-4783	66	19	as	as	ADP
ajfa-4783	66	20	a	a	DET
ajfa-4783	66	21	good	good	ADJ
ajfa-4783	66	22	sign	sign	NOUN
ajfa-4783	66	23	by	by	ADP
ajfa-4783	66	24	external	external	ADJ
ajfa-4783	66	25	stakeholders	stakeholder	NOUN
ajfa-4783	66	26	.	.	PUNCT
ajfa-4783	67	1	indeed	indeed	ADV
ajfa-4783	67	2	,	,	PUNCT
ajfa-4783	67	3	the	the	DET
ajfa-4783	67	4	identification	identification	NOUN
ajfa-4783	67	5	of	of	ADP
ajfa-4783	67	6	family	family	NOUN
ajfa-4783	67	7	members	member	NOUN
ajfa-4783	67	8	with	with	ADP
ajfa-4783	67	9	the	the	DET
ajfa-4783	67	10	organization	organization	NOUN
ajfa-4783	67	11	can	can	AUX
ajfa-4783	67	12	lead	lead	VERB
ajfa-4783	67	13	family	family	NOUN
ajfa-4783	67	14	principals	principal	NOUN
ajfa-4783	67	15	to	to	PART
ajfa-4783	67	16	take	take	VERB
ajfa-4783	67	17	decisions	decision	NOUN
ajfa-4783	67	18	that	that	PRON
ajfa-4783	67	19	can	can	AUX
ajfa-4783	67	20	improve	improve	VERB
ajfa-4783	67	21	family	family	NOUN
ajfa-4783	67	22	image	image	NOUN
ajfa-4783	67	23	(	(	PUNCT
ajfa-4783	67	24	sharma	sharma	PROPN
ajfa-4783	67	25	and	and	CCONJ
ajfa-4783	67	26	manikutty	manikutty	PROPN
ajfa-4783	67	27	,	,	PUNCT
ajfa-4783	67	28	2005	2005	NUM
ajfa-4783	67	29	)	)	PUNCT
ajfa-4783	67	30	so	so	SCONJ
ajfa-4783	67	31	that	that	SCONJ
ajfa-4783	67	32	the	the	DET
ajfa-4783	67	33	perception	perception	NOUN
ajfa-4783	67	34	of	of	ADP
ajfa-4783	67	35	the	the	DET
ajfa-4783	67	36	firm	firm	NOUN
ajfa-4783	67	37	by	by	ADP
ajfa-4783	67	38	stakeholders	stakeholder	NOUN
ajfa-4783	67	39	is	be	AUX
ajfa-4783	67	40	improved	improve	VERB
ajfa-4783	67	41	.	.	PUNCT
ajfa-4783	68	1	based	base	VERB
ajfa-4783	68	2	on	on	ADP
ajfa-4783	68	3	this	this	DET
ajfa-4783	68	4	reasoning	reasoning	NOUN
ajfa-4783	68	5	,	,	PUNCT
ajfa-4783	68	6	family	family	NOUN
ajfa-4783	68	7	firms	firm	NOUN
ajfa-4783	68	8	are	be	AUX
ajfa-4783	68	9	likely	likely	ADJ
ajfa-4783	68	10	to	to	PART
ajfa-4783	68	11	comply	comply	VERB
ajfa-4783	68	12	with	with	ADP
ajfa-4783	68	13	governance	governance	NOUN
ajfa-4783	68	14	code	code	NOUN
ajfa-4783	68	15	even	even	ADV
ajfa-4783	68	16	if	if	SCONJ
ajfa-4783	68	17	it	it	PRON
ajfa-4783	68	18	induces	induce	VERB
ajfa-4783	68	19	costs	cost	NOUN
ajfa-4783	68	20	that	that	PRON
ajfa-4783	68	21	hamper	hamper	NOUN
ajfa-4783	68	22	performance	performance	NOUN
ajfa-4783	68	23	.	.	PUNCT
ajfa-4783	69	1	since	since	SCONJ
ajfa-4783	69	2	governance	governance	NOUN
ajfa-4783	69	3	mechanisms	mechanism	NOUN
ajfa-4783	69	4	in	in	ADP
ajfa-4783	69	5	family	family	NOUN
ajfa-4783	69	6	firms	firm	NOUN
ajfa-4783	69	7	can	can	AUX
ajfa-4783	69	8	induce	induce	VERB
ajfa-4783	69	9	superfluous	superfluous	ADJ
ajfa-4783	69	10	costs	cost	NOUN
ajfa-4783	69	11	accepted	accept	VERB
ajfa-4783	69	12	by	by	ADP
ajfa-4783	69	13	family	family	NOUN
ajfa-4783	69	14	principals	principal	NOUN
ajfa-4783	69	15	,	,	PUNCT
ajfa-4783	69	16	we	we	PRON
ajfa-4783	69	17	propose	propose	VERB
ajfa-4783	69	18	the	the	DET
ajfa-4783	69	19	next	next	ADJ
ajfa-4783	69	20	hypothesis	hypothesis	NOUN
ajfa-4783	69	21	:	:	PUNCT
ajfa-4783	69	22	h1	h1	PROPN
ajfa-4783	69	23	:	:	PUNCT
ajfa-4783	69	24	the	the	DET
ajfa-4783	69	25	presence	presence	NOUN
ajfa-4783	69	26	of	of	ADP
ajfa-4783	69	27	formal	formal	ADJ
ajfa-4783	69	28	governance	governance	NOUN
ajfa-4783	69	29	mechanisms	mechanism	NOUN
ajfa-4783	69	30	in	in	ADP
ajfa-4783	69	31	family	family	NOUN
ajfa-4783	69	32	firms	firm	NOUN
ajfa-4783	69	33	will	will	AUX
ajfa-4783	69	34	lead	lead	VERB
ajfa-4783	69	35	to	to	ADP
ajfa-4783	69	36	lower	low	ADJ
ajfa-4783	69	37	levels	level	NOUN
ajfa-4783	69	38	of	of	ADP
ajfa-4783	69	39	performance	performance	NOUN
ajfa-4783	69	40	.	.	PUNCT
ajfa-4783	70	1	2	2	X
ajfa-4783	70	2	.	.	X
ajfa-4783	70	3	methodology	methodology	NOUN
ajfa-4783	70	4	2.1	2.1	NUM
ajfa-4783	70	5	.	.	PUNCT
ajfa-4783	71	1	target	target	NOUN
ajfa-4783	71	2	population	population	NOUN
ajfa-4783	71	3	the	the	DET
ajfa-4783	71	4	target	target	NOUN
ajfa-4783	71	5	population	population	NOUN
ajfa-4783	71	6	of	of	ADP
ajfa-4783	71	7	our	our	PRON
ajfa-4783	71	8	research	research	NOUN
ajfa-4783	71	9	is	be	AUX
ajfa-4783	71	10	the	the	DET
ajfa-4783	71	11	family	family	NOUN
ajfa-4783	71	12	businesses	business	NOUN
ajfa-4783	71	13	that	that	PRON
ajfa-4783	71	14	are	be	AUX
ajfa-4783	71	15	listed	list	VERB
ajfa-4783	71	16	on	on	ADP
ajfa-4783	71	17	the	the	DET
ajfa-4783	71	18	belgian	belgian	ADJ
ajfa-4783	71	19	stock	stock	NOUN
ajfa-4783	71	20	market	market	NOUN
ajfa-4783	71	21	(	(	PUNCT
ajfa-4783	71	22	bel20	bel20	PROPN
ajfa-4783	71	23	)	)	PUNCT
ajfa-4783	71	24	.	.	PUNCT
ajfa-4783	72	1	we	we	PRON
ajfa-4783	72	2	focus	focus	VERB
ajfa-4783	72	3	on	on	ADP
ajfa-4783	72	4	this	this	DET
ajfa-4783	72	5	index	index	NOUN
ajfa-4783	72	6	because	because	SCONJ
ajfa-4783	72	7	all	all	DET
ajfa-4783	72	8	the	the	DET
ajfa-4783	72	9	firms	firm	NOUN
ajfa-4783	72	10	listed	list	VERB
ajfa-4783	72	11	on	on	ADP
ajfa-4783	72	12	the	the	DET
ajfa-4783	72	13	belgian	belgian	ADJ
ajfa-4783	72	14	stock	stock	NOUN
ajfa-4783	72	15	exchange	exchange	NOUN
ajfa-4783	72	16	have	have	VERB
ajfa-4783	72	17	to	to	PART
ajfa-4783	72	18	comply	comply	VERB
ajfa-4783	72	19	with	with	ADP
ajfa-4783	72	20	the	the	DET
ajfa-4783	72	21	norms	norm	NOUN
ajfa-4783	72	22	presented	present	VERB
ajfa-4783	72	23	in	in	ADP
ajfa-4783	72	24	the	the	DET
ajfa-4783	72	25	governance	governance	NOUN
ajfa-4783	72	26	code	code	NOUN
ajfa-4783	72	27	2009	2009	NUM
ajfa-4783	72	28	or	or	CCONJ
ajfa-4783	72	29	to	to	PART
ajfa-4783	72	30	explain	explain	VERB
ajfa-4783	72	31	why	why	SCONJ
ajfa-4783	72	32	they	they	PRON
ajfa-4783	72	33	do	do	AUX
ajfa-4783	72	34	not	not	PART
ajfa-4783	72	35	meet	meet	VERB
ajfa-4783	72	36	its	its	PRON
ajfa-4783	72	37	recommendations	recommendation	NOUN
ajfa-4783	72	38	.	.	PUNCT
ajfa-4783	73	1	in	in	ADP
ajfa-4783	73	2	order	order	NOUN
ajfa-4783	73	3	to	to	PART
ajfa-4783	73	4	determine	determine	VERB
ajfa-4783	73	5	whether	whether	SCONJ
ajfa-4783	73	6	a	a	DET
ajfa-4783	73	7	firm	firm	NOUN
ajfa-4783	73	8	presents	present	VERB
ajfa-4783	73	9	a	a	DET
ajfa-4783	73	10	family	family	NOUN
ajfa-4783	73	11	character	character	NOUN
ajfa-4783	73	12	,	,	PUNCT
ajfa-4783	73	13	we	we	PRON
ajfa-4783	73	14	explore	explore	VERB
ajfa-4783	73	15	the	the	DET
ajfa-4783	73	16	numerous	numerous	ADJ
ajfa-4783	73	17	criteria	criterion	NOUN
ajfa-4783	73	18	generally	generally	ADV
ajfa-4783	73	19	adopted	adopt	VERB
ajfa-4783	73	20	to	to	PART
ajfa-4783	73	21	define	define	VERB
ajfa-4783	73	22	a	a	DET
ajfa-4783	73	23	company	company	NOUN
ajfa-4783	73	24	as	as	ADP
ajfa-4783	73	25	a	a	DET
ajfa-4783	73	26	family	family	NOUN
ajfa-4783	73	27	business	business	NOUN
ajfa-4783	73	28	.	.	PUNCT
ajfa-4783	74	1	among	among	ADP
ajfa-4783	74	2	these	these	PRON
ajfa-4783	74	3	,	,	PUNCT
ajfa-4783	74	4	the	the	DET
ajfa-4783	74	5	most	most	ADV
ajfa-4783	74	6	frequently	frequently	ADV
ajfa-4783	74	7	used	use	VERB
ajfa-4783	74	8	criteria	criterion	NOUN
ajfa-4783	74	9	are	be	AUX
ajfa-4783	74	10	related	relate	VERB
ajfa-4783	74	11	to	to	ADP
ajfa-4783	74	12	ownership	ownership	NOUN
ajfa-4783	74	13	,	,	PUNCT
ajfa-4783	74	14	control	control	NOUN
ajfa-4783	74	15	,	,	PUNCT
ajfa-4783	74	16	and	and	CCONJ
ajfa-4783	74	17	the	the	DET
ajfa-4783	74	18	willingness	willingness	NOUN
ajfa-4783	74	19	to	to	PART
ajfa-4783	74	20	pass	pass	VERB
ajfa-4783	74	21	a	a	DET
ajfa-4783	74	22	company	company	NOUN
ajfa-4783	74	23	onto	onto	ADP
ajfa-4783	74	24	subsequent	subsequent	ADJ
ajfa-4783	74	25	generations	generation	NOUN
ajfa-4783	74	26	.	.	PUNCT
ajfa-4783	75	1	in	in	ADP
ajfa-4783	75	2	our	our	PRON
ajfa-4783	75	3	research	research	NOUN
ajfa-4783	75	4	,	,	PUNCT
ajfa-4783	75	5	a	a	DET
ajfa-4783	75	6	firm	firm	NOUN
ajfa-4783	75	7	is	be	AUX
ajfa-4783	75	8	defined	define	VERB
ajfa-4783	75	9	as	as	ADP
ajfa-4783	75	10	being	be	AUX
ajfa-4783	75	11	a	a	DET
ajfa-4783	75	12	family	family	NOUN
ajfa-4783	75	13	business	business	NOUN
ajfa-4783	75	14	when	when	SCONJ
ajfa-4783	75	15	a	a	DET
ajfa-4783	75	16	family	family	NOUN
ajfa-4783	75	17	directly	directly	ADV
ajfa-4783	75	18	and/or	and/or	CCONJ
ajfa-4783	75	19	indirectly	indirectly	ADV
ajfa-4783	75	20	owns	own	VERB
ajfa-4783	75	21	20	20	NUM
ajfa-4783	75	22	%	%	NOUN
ajfa-4783	75	23	of	of	ADP
ajfa-4783	75	24	the	the	DET
ajfa-4783	75	25	shares	share	NOUN
ajfa-4783	75	26	.	.	PUNCT
ajfa-4783	76	1	this	this	DET
ajfa-4783	76	2	threshold	threshold	NOUN
ajfa-4783	76	3	can	can	AUX
ajfa-4783	76	4	be	be	AUX
ajfa-4783	76	5	justified	justify	VERB
ajfa-4783	76	6	by	by	ADP
ajfa-4783	76	7	the	the	DET
ajfa-4783	76	8	fact	fact	NOUN
ajfa-4783	76	9	that	that	SCONJ
ajfa-4783	76	10	,	,	PUNCT
ajfa-4783	76	11	even	even	ADV
ajfa-4783	76	12	if	if	SCONJ
ajfa-4783	76	13	the	the	DET
ajfa-4783	76	14	family	family	NOUN
ajfa-4783	76	15	is	be	AUX
ajfa-4783	76	16	not	not	PART
ajfa-4783	76	17	majority	majority	NOUN
ajfa-4783	76	18	owner	owner	NOUN
ajfa-4783	76	19	,	,	PUNCT
ajfa-4783	76	20	she	she	PRON
ajfa-4783	76	21	can	can	AUX
ajfa-4783	76	22	exert	exert	VERB
ajfa-4783	76	23	control	control	NOUN
ajfa-4783	76	24	over	over	ADP
ajfa-4783	76	25	the	the	DET
ajfa-4783	76	26	organization	organization	NOUN
ajfa-4783	76	27	and	and	CCONJ
ajfa-4783	76	28	influence	influence	NOUN
ajfa-4783	76	29	decision	decision	NOUN
ajfa-4783	76	30	-	-	PUNCT
ajfa-4783	76	31	making	making	NOUN
ajfa-4783	76	32	.	.	PUNCT
ajfa-4783	77	1	in	in	ADP
ajfa-4783	77	2	that	that	DET
ajfa-4783	77	3	sense	sense	NOUN
ajfa-4783	77	4	,	,	PUNCT
ajfa-4783	77	5	laporta	laporta	PROPN
ajfa-4783	77	6	et	et	PROPN
ajfa-4783	77	7	al	al	PROPN
ajfa-4783	77	8	.	.	PROPN
ajfa-4783	78	1	(	(	PUNCT
ajfa-4783	78	2	1999	1999	NUM
ajfa-4783	78	3	)	)	PUNCT
ajfa-4783	78	4	argue	argue	VERB
ajfa-4783	78	5	that	that	SCONJ
ajfa-4783	78	6	a	a	DET
ajfa-4783	78	7	threshold	threshold	NOUN
ajfa-4783	78	8	of	of	ADP
ajfa-4783	78	9	20	20	NUM
ajfa-4783	78	10	%	%	NOUN
ajfa-4783	78	11	is	be	AUX
ajfa-4783	78	12	sufficient	sufficient	ADJ
ajfa-4783	78	13	to	to	PART
ajfa-4783	78	14	effectively	effectively	ADV
ajfa-4783	78	15	retain	retain	VERB
ajfa-4783	78	16	control	control	NOUN
ajfa-4783	78	17	in	in	ADP
ajfa-4783	78	18	markets	market	NOUN
ajfa-4783	78	19	asian	asian	ADJ
ajfa-4783	78	20	journal	journal	NOUN
ajfa-4783	78	21	of	of	ADP
ajfa-4783	78	22	finance	finance	PROPN
ajfa-4783	78	23	&	&	CCONJ
ajfa-4783	78	24	accounting	accounting	PROPN
ajfa-4783	78	25	issn	issn	PROPN
ajfa-4783	78	26	1946	1946	NUM
ajfa-4783	78	27	-	-	PUNCT
ajfa-4783	78	28	052x	052x	PROPN
ajfa-4783	78	29	2014	2014	NUM
ajfa-4783	78	30	,	,	PUNCT
ajfa-4783	78	31	vol	vol	NOUN
ajfa-4783	78	32	.	.	PROPN
ajfa-4783	78	33	6	6	NUM
ajfa-4783	78	34	,	,	PUNCT
ajfa-4783	78	35	no	no	INTJ
ajfa-4783	78	36	.	.	NOUN
ajfa-4783	78	37	1	1	NUM
ajfa-4783	78	38	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-4783	78	39	115	115	NUM
ajfa-4783	78	40	characterized	characterize	VERB
ajfa-4783	78	41	by	by	ADP
ajfa-4783	78	42	dispersed	disperse	VERB
ajfa-4783	78	43	ownership	ownership	NOUN
ajfa-4783	78	44	.	.	PUNCT
ajfa-4783	79	1	moreover	moreover	ADV
ajfa-4783	79	2	,	,	PUNCT
ajfa-4783	79	3	using	use	VERB
ajfa-4783	79	4	20	20	NUM
ajfa-4783	79	5	%	%	NOUN
ajfa-4783	79	6	as	as	ADP
ajfa-4783	79	7	cut	cut	NOUN
ajfa-4783	79	8	-	-	PUNCT
ajfa-4783	79	9	off	off	ADP
ajfa-4783	79	10	point	point	NOUN
ajfa-4783	79	11	enables	enable	VERB
ajfa-4783	79	12	us	we	PRON
ajfa-4783	79	13	to	to	PART
ajfa-4783	79	14	be	be	AUX
ajfa-4783	79	15	in	in	ADP
ajfa-4783	79	16	line	line	NOUN
ajfa-4783	79	17	with	with	ADP
ajfa-4783	79	18	previous	previous	ADJ
ajfa-4783	79	19	research	research	NOUN
ajfa-4783	79	20	on	on	ADP
ajfa-4783	79	21	listed	list	VERB
ajfa-4783	79	22	firms	firm	NOUN
ajfa-4783	79	23	that	that	PRON
ajfa-4783	79	24	used	use	VERB
ajfa-4783	79	25	thresholds	threshold	NOUN
ajfa-4783	79	26	comprised	comprise	VERB
ajfa-4783	79	27	between	between	ADP
ajfa-4783	79	28	5	5	NUM
ajfa-4783	79	29	%	%	NOUN
ajfa-4783	79	30	and	and	CCONJ
ajfa-4783	79	31	25	25	NUM
ajfa-4783	79	32	%	%	NOUN
ajfa-4783	79	33	(	(	PUNCT
ajfa-4783	79	34	barontini	barontini	NOUN
ajfa-4783	79	35	and	and	CCONJ
ajfa-4783	79	36	caprio	caprio	PROPN
ajfa-4783	79	37	,	,	PUNCT
ajfa-4783	79	38	2006	2006	NUM
ajfa-4783	79	39	;	;	PUNCT
ajfa-4783	79	40	favero	favero	PROPN
ajfa-4783	79	41	et	et	PROPN
ajfa-4783	79	42	al	al	PROPN
ajfa-4783	79	43	.	.	PROPN
ajfa-4783	79	44	,	,	PUNCT
ajfa-4783	79	45	2006	2006	NUM
ajfa-4783	79	46	;	;	PUNCT
ajfa-4783	79	47	maury	maury	PROPN
ajfa-4783	79	48	,	,	PUNCT
ajfa-4783	79	49	2006	2006	NUM
ajfa-4783	79	50	;	;	PUNCT
ajfa-4783	79	51	sraer	sraer	NOUN
ajfa-4783	79	52	and	and	CCONJ
ajfa-4783	79	53	thesmar	thesmar	PROPN
ajfa-4783	79	54	,	,	PUNCT
ajfa-4783	79	55	2007	2007	NUM
ajfa-4783	79	56	;	;	PUNCT
ajfa-4783	79	57	miller	miller	PROPN
ajfa-4783	79	58	et	et	PROPN
ajfa-4783	79	59	al	al	PROPN
ajfa-4783	79	60	.	.	PROPN
ajfa-4783	79	61	,	,	PUNCT
ajfa-4783	79	62	2007	2007	NUM
ajfa-4783	79	63	;	;	PUNCT
ajfa-4783	79	64	andres	andre	NOUN
ajfa-4783	79	65	,	,	PUNCT
ajfa-4783	79	66	2008	2008	NUM
ajfa-4783	79	67	;	;	PUNCT
ajfa-4783	79	68	kowalewski	kowalewski	PROPN
ajfa-4783	79	69	et	et	PROPN
ajfa-4783	79	70	al	al	PROPN
ajfa-4783	79	71	.	.	PROPN
ajfa-4783	79	72	,	,	PUNCT
ajfa-4783	79	73	2010	2010	NUM
ajfa-4783	79	74	;	;	PUNCT
ajfa-4783	79	75	sacristan	sacristan	PROPN
ajfa-4783	79	76	-	-	PUNCT
ajfa-4783	79	77	navarro	navarro	PROPN
ajfa-4783	79	78	et	et	PROPN
ajfa-4783	79	79	al	al	PROPN
ajfa-4783	79	80	.	.	PROPN
ajfa-4783	79	81	,	,	PUNCT
ajfa-4783	79	82	2011	2011	NUM
ajfa-4783	79	83	)	)	PUNCT
ajfa-4783	79	84	.	.	PUNCT
ajfa-4783	80	1	as	as	ADP
ajfa-4783	80	2	a	a	DET
ajfa-4783	80	3	result	result	NOUN
ajfa-4783	80	4	,	,	PUNCT
ajfa-4783	80	5	we	we	PRON
ajfa-4783	80	6	finally	finally	ADV
ajfa-4783	80	7	identify	identify	VERB
ajfa-4783	80	8	eight	eight	NUM
ajfa-4783	80	9	family	family	NOUN
ajfa-4783	80	10	firms	firm	NOUN
ajfa-4783	80	11	on	on	ADP
ajfa-4783	80	12	the	the	DET
ajfa-4783	80	13	bel20	bel20	NOUN
ajfa-4783	80	14	.	.	PUNCT
ajfa-4783	81	1	2.2	2.2	NUM
ajfa-4783	81	2	.	.	PUNCT
ajfa-4783	82	1	the	the	DET
ajfa-4783	82	2	measurement	measurement	NOUN
ajfa-4783	82	3	of	of	ADP
ajfa-4783	82	4	good	good	ADJ
ajfa-4783	82	5	governance	governance	NOUN
ajfa-4783	82	6	in	in	ADP
ajfa-4783	82	7	family	family	NOUN
ajfa-4783	82	8	firms	firm	NOUN
ajfa-4783	82	9	in	in	ADP
ajfa-4783	82	10	order	order	NOUN
ajfa-4783	82	11	to	to	PART
ajfa-4783	82	12	measure	measure	VERB
ajfa-4783	82	13	good	good	ADJ
ajfa-4783	82	14	governance	governance	NOUN
ajfa-4783	82	15	in	in	ADP
ajfa-4783	82	16	family	family	NOUN
ajfa-4783	82	17	firms	firm	NOUN
ajfa-4783	82	18	,	,	PUNCT
ajfa-4783	82	19	we	we	PRON
ajfa-4783	82	20	build	build	VERB
ajfa-4783	82	21	an	an	DET
ajfa-4783	82	22	analysis	analysis	NOUN
ajfa-4783	82	23	grid	grid	NOUN
ajfa-4783	82	24	that	that	PRON
ajfa-4783	82	25	takes	take	VERB
ajfa-4783	82	26	into	into	ADP
ajfa-4783	82	27	account	account	NOUN
ajfa-4783	82	28	five	five	NUM
ajfa-4783	82	29	dimensions	dimension	NOUN
ajfa-4783	82	30	:	:	PUNCT
ajfa-4783	82	31	structure	structure	NOUN
ajfa-4783	82	32	and	and	CCONJ
ajfa-4783	82	33	functioning	functioning	NOUN
ajfa-4783	82	34	of	of	ADP
ajfa-4783	82	35	the	the	DET
ajfa-4783	82	36	board	board	NOUN
ajfa-4783	82	37	,	,	PUNCT
ajfa-4783	82	38	information	information	NOUN
ajfa-4783	82	39	transparency	transparency	NOUN
ajfa-4783	82	40	and	and	CCONJ
ajfa-4783	82	41	disclosure	disclosure	NOUN
ajfa-4783	82	42	,	,	PUNCT
ajfa-4783	82	43	compensation	compensation	NOUN
ajfa-4783	82	44	and	and	CCONJ
ajfa-4783	82	45	nomination	nomination	NOUN
ajfa-4783	82	46	policies	policy	NOUN
ajfa-4783	82	47	,	,	PUNCT
ajfa-4783	82	48	internal	internal	ADJ
ajfa-4783	82	49	control	control	NOUN
ajfa-4783	82	50	,	,	PUNCT
ajfa-4783	82	51	and	and	CCONJ
ajfa-4783	82	52	family	family	NOUN
ajfa-4783	82	53	factors	factor	NOUN
ajfa-4783	82	54	.	.	PUNCT
ajfa-4783	83	1	this	this	DET
ajfa-4783	83	2	grid	grid	NOUN
ajfa-4783	83	3	is	be	AUX
ajfa-4783	83	4	based	base	VERB
ajfa-4783	83	5	on	on	ADP
ajfa-4783	83	6	previous	previous	ADJ
ajfa-4783	83	7	work	work	NOUN
ajfa-4783	83	8	related	relate	VERB
ajfa-4783	83	9	to	to	ADP
ajfa-4783	83	10	corporate	corporate	ADJ
ajfa-4783	83	11	governance	governance	NOUN
ajfa-4783	83	12	in	in	ADP
ajfa-4783	83	13	family	family	NOUN
ajfa-4783	83	14	firms	firm	NOUN
ajfa-4783	83	15	(	(	PUNCT
ajfa-4783	83	16	davis	davis	PROPN
ajfa-4783	83	17	et	et	PROPN
ajfa-4783	83	18	al	al	PROPN
ajfa-4783	83	19	.	.	PROPN
ajfa-4783	83	20	,	,	PUNCT
ajfa-4783	83	21	1997	1997	NUM
ajfa-4783	83	22	;	;	PUNCT
ajfa-4783	83	23	melin	melin	PROPN
ajfa-4783	83	24	and	and	CCONJ
ajfa-4783	83	25	nordqvist	nordqvist	PROPN
ajfa-4783	83	26	,	,	PUNCT
ajfa-4783	83	27	2000	2000	NUM
ajfa-4783	83	28	;	;	PUNCT
ajfa-4783	83	29	lievens	lieven	NOUN
ajfa-4783	83	30	,	,	PUNCT
ajfa-4783	83	31	2006	2006	NUM
ajfa-4783	83	32	)	)	PUNCT
ajfa-4783	83	33	and	and	CCONJ
ajfa-4783	83	34	takes	take	VERB
ajfa-4783	83	35	into	into	ADP
ajfa-4783	83	36	account	account	NOUN
ajfa-4783	83	37	the	the	DET
ajfa-4783	83	38	specificities	specificity	NOUN
ajfa-4783	83	39	of	of	ADP
ajfa-4783	83	40	the	the	DET
ajfa-4783	83	41	belgian	belgian	ADJ
ajfa-4783	83	42	governance	governance	NOUN
ajfa-4783	83	43	code	code	NOUN
ajfa-4783	83	44	2009	2009	NUM
ajfa-4783	83	45	.	.	PUNCT
ajfa-4783	84	1	the	the	DET
ajfa-4783	84	2	analysis	analysis	NOUN
ajfa-4783	84	3	grid	grid	NOUN
ajfa-4783	84	4	is	be	AUX
ajfa-4783	84	5	summarized	summarize	VERB
ajfa-4783	84	6	in	in	ADP
ajfa-4783	84	7	table	table	NOUN
ajfa-4783	84	8	1	1	NUM
ajfa-4783	84	9	.	.	PUNCT
ajfa-4783	84	10	table	table	NOUN
ajfa-4783	84	11	1	1	NUM
ajfa-4783	84	12	.	.	PUNCT
ajfa-4783	85	1	analysis	analysis	NOUN
ajfa-4783	85	2	grid	grid	NOUN
ajfa-4783	85	3	of	of	ADP
ajfa-4783	85	4	corporate	corporate	ADJ
ajfa-4783	85	5	governance	governance	NOUN
ajfa-4783	85	6	in	in	ADP
ajfa-4783	85	7	family	family	NOUN
ajfa-4783	85	8	firms	firm	NOUN
ajfa-4783	85	9	dimensions	dimension	NOUN
ajfa-4783	85	10	criteria	criterion	NOUN
ajfa-4783	85	11	structure	structure	NOUN
ajfa-4783	85	12	and	and	CCONJ
ajfa-4783	85	13	functioning	functioning	NOUN
ajfa-4783	85	14	of	of	ADP
ajfa-4783	85	15	the	the	DET
ajfa-4783	85	16	board	board	NOUN
ajfa-4783	85	17	1.1	1.1	NUM
ajfa-4783	85	18	internal	internal	ADJ
ajfa-4783	85	19	regulations	regulation	NOUN
ajfa-4783	85	20	of	of	ADP
ajfa-4783	85	21	the	the	DET
ajfa-4783	85	22	board	board	NOUN
ajfa-4783	85	23	are	be	AUX
ajfa-4783	85	24	provided	provide	VERB
ajfa-4783	85	25	in	in	ADP
ajfa-4783	85	26	the	the	DET
ajfa-4783	85	27	governance	governance	NOUN
ajfa-4783	85	28	charter	charter	NOUN
ajfa-4783	85	29	of	of	ADP
ajfa-4783	85	30	the	the	DET
ajfa-4783	85	31	company	company	NOUN
ajfa-4783	85	32	1.2	1.2	NUM
ajfa-4783	85	33	separation	separation	NOUN
ajfa-4783	85	34	of	of	ADP
ajfa-4783	85	35	responsabilities	responsabilitie	NOUN
ajfa-4783	85	36	between	between	ADP
ajfa-4783	85	37	the	the	DET
ajfa-4783	85	38	ceo	ceo	NOUN
ajfa-4783	85	39	and	and	CCONJ
ajfa-4783	85	40	the	the	DET
ajfa-4783	85	41	chairman	chairman	NOUN
ajfa-4783	85	42	of	of	ADP
ajfa-4783	85	43	the	the	DET
ajfa-4783	85	44	board	board	NOUN
ajfa-4783	85	45	1.3	1.3	NUM
ajfa-4783	85	46	board	board	NOUN
ajfa-4783	85	47	composition	composition	NOUN
ajfa-4783	85	48	based	base	VERB
ajfa-4783	85	49	on	on	ADP
ajfa-4783	85	50	gender	gender	NOUN
ajfa-4783	85	51	diversity	diversity	NOUN
ajfa-4783	85	52	1.4	1.4	NUM
ajfa-4783	85	53	at	at	ADV
ajfa-4783	85	54	least	least	ADV
ajfa-4783	85	55	50	50	NUM
ajfa-4783	85	56	%	%	NOUN
ajfa-4783	85	57	of	of	ADP
ajfa-4783	85	58	non	non	ADJ
ajfa-4783	85	59	-	-	ADJ
ajfa-4783	85	60	executive	executive	ADJ
ajfa-4783	85	61	members	member	NOUN
ajfa-4783	85	62	act	act	VERB
ajfa-4783	85	63	in	in	ADP
ajfa-4783	85	64	the	the	DET
ajfa-4783	85	65	board	board	NOUN
ajfa-4783	85	66	1.5	1.5	NUM
ajfa-4783	85	67	at	at	ADV
ajfa-4783	85	68	least	least	ADV
ajfa-4783	85	69	50	50	NUM
ajfa-4783	85	70	%	%	NOUN
ajfa-4783	85	71	of	of	ADP
ajfa-4783	85	72	independent	independent	ADJ
ajfa-4783	85	73	members	member	NOUN
ajfa-4783	85	74	act	act	VERB
ajfa-4783	85	75	in	in	ADP
ajfa-4783	85	76	the	the	DET
ajfa-4783	85	77	board	board	NOUN
ajfa-4783	85	78	1.6	1.6	NUM
ajfa-4783	85	79	board	board	NOUN
ajfa-4783	85	80	members	member	NOUN
ajfa-4783	85	81	meet	meet	VERB
ajfa-4783	85	82	regularly	regularly	ADV
ajfa-4783	85	83	information	information	NOUN
ajfa-4783	85	84	transparancy	transparancy	NOUN
ajfa-4783	85	85	and	and	CCONJ
ajfa-4783	85	86	disclosure	disclosure	NOUN
ajfa-4783	85	87	2.1	2.1	NUM
ajfa-4783	85	88	the	the	DET
ajfa-4783	85	89	company	company	NOUN
ajfa-4783	85	90	publishes	publish	VERB
ajfa-4783	85	91	an	an	DET
ajfa-4783	85	92	governance	governance	NOUN
ajfa-4783	85	93	charter	charter	NOUN
ajfa-4783	85	94	on	on	ADP
ajfa-4783	85	95	its	its	PRON
ajfa-4783	85	96	website	website	NOUN
ajfa-4783	85	97	2.2	2.2	NUM
ajfa-4783	85	98	a	a	DET
ajfa-4783	85	99	declaration	declaration	NOUN
ajfa-4783	85	100	of	of	ADP
ajfa-4783	85	101	governance	governance	NOUN
ajfa-4783	85	102	is	be	AUX
ajfa-4783	85	103	published	publish	VERB
ajfa-4783	85	104	in	in	ADP
ajfa-4783	85	105	a	a	DET
ajfa-4783	85	106	specific	specific	ADJ
ajfa-4783	85	107	section	section	NOUN
ajfa-4783	85	108	of	of	ADP
ajfa-4783	85	109	the	the	DET
ajfa-4783	85	110	annual	annual	ADJ
ajfa-4783	85	111	report	report	NOUN
ajfa-4783	85	112	.	.	PUNCT
ajfa-4783	86	1	2.3	2.3	NUM
ajfa-4783	86	2	firm	firm	NOUN
ajfa-4783	86	3	’s	’s	PART
ajfa-4783	86	4	values	value	NOUN
ajfa-4783	86	5	are	be	AUX
ajfa-4783	86	6	disclosed	disclose	VERB
ajfa-4783	86	7	in	in	ADP
ajfa-4783	86	8	the	the	DET
ajfa-4783	86	9	governance	governance	NOUN
ajfa-4783	86	10	charter	charter	NOUN
ajfa-4783	86	11	2.4	2.4	NUM
ajfa-4783	86	12	strategic	strategic	ADJ
ajfa-4783	86	13	choices	choice	NOUN
ajfa-4783	86	14	are	be	AUX
ajfa-4783	86	15	presented	present	VERB
ajfa-4783	86	16	in	in	ADP
ajfa-4783	86	17	the	the	DET
ajfa-4783	86	18	governance	governance	NOUN
ajfa-4783	86	19	charter	charter	NOUN
ajfa-4783	86	20	2.5	2.5	NUM
ajfa-4783	86	21	a	a	DET
ajfa-4783	86	22	list	list	NOUN
ajfa-4783	86	23	of	of	ADP
ajfa-4783	86	24	board	board	NOUN
ajfa-4783	86	25	members	member	NOUN
ajfa-4783	86	26	is	be	AUX
ajfa-4783	86	27	published	publish	VERB
ajfa-4783	86	28	in	in	ADP
ajfa-4783	86	29	the	the	DET
ajfa-4783	86	30	declaration	declaration	NOUN
ajfa-4783	86	31	of	of	ADP
ajfa-4783	86	32	governance	governance	NOUN
ajfa-4783	86	33	2.6	2.6	NUM
ajfa-4783	86	34	a	a	DET
ajfa-4783	86	35	list	list	NOUN
ajfa-4783	86	36	of	of	ADP
ajfa-4783	86	37	the	the	DET
ajfa-4783	86	38	members	member	NOUN
ajfa-4783	86	39	of	of	ADP
ajfa-4783	86	40	the	the	DET
ajfa-4783	86	41	executive	executive	ADJ
ajfa-4783	86	42	committee	committee	NOUN
ajfa-4783	86	43	is	be	AUX
ajfa-4783	86	44	published	publish	VERB
ajfa-4783	86	45	in	in	ADP
ajfa-4783	86	46	the	the	DET
ajfa-4783	86	47	declaration	declaration	NOUN
ajfa-4783	86	48	of	of	ADP
ajfa-4783	86	49	governance	governance	NOUN
ajfa-4783	86	50	2.7	2.7	NUM
ajfa-4783	86	51	information	information	NOUN
ajfa-4783	86	52	related	relate	VERB
ajfa-4783	86	53	to	to	ADP
ajfa-4783	86	54	ownership	ownership	NOUN
ajfa-4783	86	55	structure	structure	NOUN
ajfa-4783	86	56	is	be	AUX
ajfa-4783	86	57	disclosed	disclose	VERB
ajfa-4783	86	58	in	in	ADP
ajfa-4783	86	59	the	the	DET
ajfa-4783	86	60	governance	governance	NOUN
ajfa-4783	86	61	charter	charter	NOUN
ajfa-4783	86	62	2.8	2.8	NUM
ajfa-4783	86	63	the	the	DET
ajfa-4783	86	64	company	company	NOUN
ajfa-4783	86	65	mentions	mention	VERB
ajfa-4783	86	66	in	in	ADP
ajfa-4783	86	67	the	the	DET
ajfa-4783	86	68	declaration	declaration	NOUN
ajfa-4783	86	69	of	of	ADP
ajfa-4783	86	70	governance	governance	NOUN
ajfa-4783	86	71	and	and	CCONJ
ajfa-4783	86	72	the	the	DET
ajfa-4783	86	73	governance	governance	NOUN
ajfa-4783	86	74	charter	charter	NOUN
ajfa-4783	86	75	whether	whether	SCONJ
ajfa-4783	86	76	it	it	PRON
ajfa-4783	86	77	complies	comply	VERB
ajfa-4783	86	78	with	with	ADP
ajfa-4783	86	79	the	the	DET
ajfa-4783	86	80	belgian	belgian	ADJ
ajfa-4783	86	81	governance	governance	NOUN
ajfa-4783	86	82	code	code	NOUN
ajfa-4783	86	83	2009	2009	NUM
ajfa-4783	86	84	2.9	2.9	NUM
ajfa-4783	86	85	when	when	SCONJ
ajfa-4783	86	86	the	the	DET
ajfa-4783	86	87	company	company	NOUN
ajfa-4783	86	88	does	do	AUX
ajfa-4783	86	89	not	not	PART
ajfa-4783	86	90	comply	comply	VERB
ajfa-4783	86	91	with	with	ADP
ajfa-4783	86	92	the	the	DET
ajfa-4783	86	93	governance	governance	NOUN
ajfa-4783	86	94	code	code	NOUN
ajfa-4783	86	95	,	,	PUNCT
ajfa-4783	86	96	explanations	explanation	NOUN
ajfa-4783	86	97	are	be	AUX
ajfa-4783	86	98	provided	provide	VERB
ajfa-4783	86	99	in	in	ADP
ajfa-4783	86	100	the	the	DET
ajfa-4783	86	101	declaration	declaration	NOUN
ajfa-4783	86	102	of	of	ADP
ajfa-4783	86	103	governance	governance	NOUN
ajfa-4783	86	104	(	(	PUNCT
ajfa-4783	86	105	comply	comply	VERB
ajfa-4783	86	106	or	or	CCONJ
ajfa-4783	86	107	explain	explain	VERB
ajfa-4783	86	108	)	)	PUNCT
ajfa-4783	86	109	asian	asian	ADJ
ajfa-4783	86	110	journal	journal	NOUN
ajfa-4783	86	111	of	of	ADP
ajfa-4783	86	112	finance	finance	PROPN
ajfa-4783	86	113	&	&	CCONJ
ajfa-4783	86	114	accounting	accounting	PROPN
ajfa-4783	86	115	issn	issn	PROPN
ajfa-4783	86	116	1946	1946	NUM
ajfa-4783	86	117	-	-	PUNCT
ajfa-4783	86	118	052x	052x	PROPN
ajfa-4783	86	119	2014	2014	NUM
ajfa-4783	86	120	,	,	PUNCT
ajfa-4783	86	121	vol	vol	NOUN
ajfa-4783	86	122	.	.	PROPN
ajfa-4783	86	123	6	6	NUM
ajfa-4783	86	124	,	,	PUNCT
ajfa-4783	86	125	no	no	INTJ
ajfa-4783	86	126	.	.	NOUN
ajfa-4783	86	127	1	1	NUM
ajfa-4783	86	128	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4783	86	129	116	116	NUM
ajfa-4783	86	130	2.10	2.10	NUM
ajfa-4783	86	131	the	the	DET
ajfa-4783	86	132	number	number	NOUN
ajfa-4783	86	133	of	of	ADP
ajfa-4783	86	134	pages	page	NOUN
ajfa-4783	86	135	dedicated	dedicate	VERB
ajfa-4783	86	136	to	to	ADP
ajfa-4783	86	137	governance	governance	NOUN
ajfa-4783	86	138	in	in	ADP
ajfa-4783	86	139	the	the	DET
ajfa-4783	86	140	annual	annual	ADJ
ajfa-4783	86	141	report	report	NOUN
ajfa-4783	86	142	is	be	AUX
ajfa-4783	86	143	adequate	adequate	ADJ
ajfa-4783	86	144	2.11	2.11	NUM
ajfa-4783	86	145	information	information	NOUN
ajfa-4783	86	146	related	relate	VERB
ajfa-4783	86	147	to	to	ADP
ajfa-4783	86	148	governance	governance	NOUN
ajfa-4783	86	149	is	be	AUX
ajfa-4783	86	150	easily	easily	ADV
ajfa-4783	86	151	available	available	ADJ
ajfa-4783	86	152	and	and	CCONJ
ajfa-4783	86	153	readable	readable	ADJ
ajfa-4783	86	154	compensation	compensation	NOUN
ajfa-4783	86	155	and	and	CCONJ
ajfa-4783	86	156	nomination	nomination	NOUN
ajfa-4783	86	157	policies	policy	NOUN
ajfa-4783	86	158	3.1	3.1	NUM
ajfa-4783	86	159	nomination	nomination	NOUN
ajfa-4783	86	160	procedures	procedure	NOUN
ajfa-4783	86	161	of	of	ADP
ajfa-4783	86	162	board	board	NOUN
ajfa-4783	86	163	members	member	NOUN
ajfa-4783	86	164	are	be	AUX
ajfa-4783	86	165	published	publish	VERB
ajfa-4783	86	166	3.2	3.2	NUM
ajfa-4783	86	167	selection	selection	NOUN
ajfa-4783	86	168	criteria	criterion	NOUN
ajfa-4783	86	169	related	relate	VERB
ajfa-4783	86	170	to	to	ADP
ajfa-4783	86	171	the	the	DET
ajfa-4783	86	172	nomination	nomination	NOUN
ajfa-4783	86	173	of	of	ADP
ajfa-4783	86	174	board	board	NOUN
ajfa-4783	86	175	members	member	NOUN
ajfa-4783	86	176	are	be	AUX
ajfa-4783	86	177	published	publish	VERB
ajfa-4783	86	178	3.3	3.3	NUM
ajfa-4783	86	179	presence	presence	NOUN
ajfa-4783	86	180	or	or	CCONJ
ajfa-4783	86	181	absence	absence	NOUN
ajfa-4783	86	182	of	of	ADP
ajfa-4783	86	183	a	a	DET
ajfa-4783	86	184	nomination	nomination	NOUN
ajfa-4783	86	185	committee	committee	NOUN
ajfa-4783	86	186	3.4	3.4	NUM
ajfa-4783	86	187	presence	presence	NOUN
ajfa-4783	86	188	or	or	CCONJ
ajfa-4783	86	189	absence	absence	NOUN
ajfa-4783	86	190	of	of	ADP
ajfa-4783	86	191	a	a	DET
ajfa-4783	86	192	compensation	compensation	NOUN
ajfa-4783	86	193	committee	committee	NOUN
ajfa-4783	86	194	3.5	3.5	NUM
ajfa-4783	86	195	at	at	ADV
ajfa-4783	86	196	least	least	ADV
ajfa-4783	86	197	three	three	NUM
ajfa-4783	86	198	members	member	NOUN
ajfa-4783	86	199	act	act	VERB
ajfa-4783	86	200	in	in	ADP
ajfa-4783	86	201	the	the	DET
ajfa-4783	86	202	compensation	compensation	NOUN
ajfa-4783	86	203	committee	committee	NOUN
ajfa-4783	86	204	3.6	3.6	NUM
ajfa-4783	86	205	at	at	ADV
ajfa-4783	86	206	least	least	ADV
ajfa-4783	86	207	three	three	NUM
ajfa-4783	86	208	members	member	NOUN
ajfa-4783	86	209	act	act	VERB
ajfa-4783	86	210	in	in	ADP
ajfa-4783	86	211	the	the	DET
ajfa-4783	86	212	nomination	nomination	NOUN
ajfa-4783	86	213	committee	committee	NOUN
ajfa-4783	86	214	3.7	3.7	NUM
ajfa-4783	86	215	a	a	DET
ajfa-4783	86	216	compensation	compensation	NOUN
ajfa-4783	86	217	report	report	NOUN
ajfa-4783	86	218	is	be	AUX
ajfa-4783	86	219	published	publish	VERB
ajfa-4783	86	220	in	in	ADP
ajfa-4783	86	221	a	a	DET
ajfa-4783	86	222	specific	specific	ADJ
ajfa-4783	86	223	section	section	NOUN
ajfa-4783	86	224	of	of	ADP
ajfa-4783	86	225	the	the	DET
ajfa-4783	86	226	declaration	declaration	NOUN
ajfa-4783	86	227	of	of	ADP
ajfa-4783	86	228	governance	governance	NOUN
ajfa-4783	86	229	3.8	3.8	NUM
ajfa-4783	86	230	the	the	DET
ajfa-4783	86	231	compensation	compensation	NOUN
ajfa-4783	86	232	report	report	NOUN
ajfa-4783	86	233	reveals	reveal	VERB
ajfa-4783	86	234	information	information	NOUN
ajfa-4783	86	235	related	relate	VERB
ajfa-4783	86	236	to	to	ADP
ajfa-4783	86	237	the	the	DET
ajfa-4783	86	238	remuneration	remuneration	NOUN
ajfa-4783	86	239	policy	policy	NOUN
ajfa-4783	86	240	of	of	ADP
ajfa-4783	86	241	the	the	DET
ajfa-4783	86	242	executive	executive	ADJ
ajfa-4783	86	243	managers	manager	NOUN
ajfa-4783	86	244	3.9	3.9	NUM
ajfa-4783	86	245	the	the	DET
ajfa-4783	86	246	amount	amount	NOUN
ajfa-4783	86	247	of	of	ADP
ajfa-4783	86	248	remuneration	remuneration	NOUN
ajfa-4783	86	249	and	and	CCONJ
ajfa-4783	86	250	other	other	ADJ
ajfa-4783	86	251	benefits	benefit	NOUN
ajfa-4783	86	252	directly	directly	ADV
ajfa-4783	86	253	or	or	CCONJ
ajfa-4783	86	254	indirectly	indirectly	ADV
ajfa-4783	86	255	attributed	attribute	VERB
ajfa-4783	86	256	to	to	ADP
ajfa-4783	86	257	the	the	DET
ajfa-4783	86	258	ceo	ceo	NOUN
ajfa-4783	86	259	by	by	ADP
ajfa-4783	86	260	the	the	DET
ajfa-4783	86	261	company	company	NOUN
ajfa-4783	86	262	and/or	and/or	CCONJ
ajfa-4783	86	263	its	its	PRON
ajfa-4783	86	264	subsidiaries	subsidiary	NOUN
ajfa-4783	86	265	is	be	AUX
ajfa-4783	86	266	published	publish	VERB
ajfa-4783	86	267	in	in	ADP
ajfa-4783	86	268	compensation	compensation	NOUN
ajfa-4783	86	269	report	report	NOUN
ajfa-4783	86	270	3.10	3.10	NUM
ajfa-4783	86	271	the	the	DET
ajfa-4783	86	272	global	global	ADJ
ajfa-4783	86	273	amount	amount	NOUN
ajfa-4783	86	274	of	of	ADP
ajfa-4783	86	275	remuneration	remuneration	NOUN
ajfa-4783	86	276	and	and	CCONJ
ajfa-4783	86	277	other	other	ADJ
ajfa-4783	86	278	benefits	benefit	NOUN
ajfa-4783	86	279	directly	directly	ADV
ajfa-4783	86	280	or	or	CCONJ
ajfa-4783	86	281	indirectly	indirectly	ADV
ajfa-4783	86	282	attributed	attribute	VERB
ajfa-4783	86	283	to	to	ADP
ajfa-4783	86	284	the	the	DET
ajfa-4783	86	285	other	other	ADJ
ajfa-4783	86	286	executive	executive	ADJ
ajfa-4783	86	287	managers	manager	NOUN
ajfa-4783	86	288	by	by	ADP
ajfa-4783	86	289	the	the	DET
ajfa-4783	86	290	company	company	NOUN
ajfa-4783	86	291	and/or	and/or	CCONJ
ajfa-4783	86	292	its	its	PRON
ajfa-4783	86	293	subsidiaries	subsidiary	NOUN
ajfa-4783	86	294	is	be	AUX
ajfa-4783	86	295	published	publish	VERB
ajfa-4783	86	296	in	in	ADP
ajfa-4783	86	297	compensation	compensation	NOUN
ajfa-4783	86	298	report	report	NOUN
ajfa-4783	86	299	3.11	3.11	NUM
ajfa-4783	86	300	information	information	NOUN
ajfa-4783	86	301	regarding	regard	VERB
ajfa-4783	86	302	the	the	DET
ajfa-4783	86	303	part	part	NOUN
ajfa-4783	86	304	of	of	ADP
ajfa-4783	86	305	variable	variable	ADJ
ajfa-4783	86	306	compensation	compensation	NOUN
ajfa-4783	86	307	is	be	AUX
ajfa-4783	86	308	disclosed	disclose	VERB
ajfa-4783	86	309	internal	internal	ADJ
ajfa-4783	86	310	control	control	NOUN
ajfa-4783	86	311	4.1	4.1	NUM
ajfa-4783	86	312	the	the	DET
ajfa-4783	86	313	main	main	ADJ
ajfa-4783	86	314	characteristics	characteristic	NOUN
ajfa-4783	86	315	of	of	ADP
ajfa-4783	86	316	internal	internal	ADJ
ajfa-4783	86	317	control	control	NOUN
ajfa-4783	86	318	are	be	AUX
ajfa-4783	86	319	presented	present	VERB
ajfa-4783	86	320	in	in	ADP
ajfa-4783	86	321	the	the	DET
ajfa-4783	86	322	declaration	declaration	NOUN
ajfa-4783	86	323	of	of	ADP
ajfa-4783	86	324	governance	governance	NOUN
ajfa-4783	86	325	4.2	4.2	NUM
ajfa-4783	86	326	presence	presence	NOUN
ajfa-4783	86	327	or	or	CCONJ
ajfa-4783	86	328	absence	absence	NOUN
ajfa-4783	86	329	of	of	ADP
ajfa-4783	86	330	an	an	DET
ajfa-4783	86	331	audit	audit	NOUN
ajfa-4783	86	332	committee	committee	NOUN
ajfa-4783	86	333	4.3	4.3	NUM
ajfa-4783	86	334	at	at	ADV
ajfa-4783	86	335	least	least	ADV
ajfa-4783	86	336	three	three	NUM
ajfa-4783	86	337	members	member	NOUN
ajfa-4783	86	338	act	act	VERB
ajfa-4783	86	339	in	in	ADP
ajfa-4783	86	340	the	the	DET
ajfa-4783	86	341	audit	audit	NOUN
ajfa-4783	86	342	committee	committee	NOUN
ajfa-4783	86	343	family	family	NOUN
ajfa-4783	86	344	factors	factor	VERB
ajfa-4783	86	345	5.1	5.1	NUM
ajfa-4783	86	346	presence	presence	NOUN
ajfa-4783	86	347	or	or	CCONJ
ajfa-4783	86	348	absence	absence	NOUN
ajfa-4783	86	349	of	of	ADP
ajfa-4783	86	350	a	a	DET
ajfa-4783	86	351	family	family	NOUN
ajfa-4783	86	352	council	council	NOUN
ajfa-4783	86	353	5.2	5.2	NUM
ajfa-4783	86	354	presence	presence	NOUN
ajfa-4783	86	355	or	or	CCONJ
ajfa-4783	86	356	absence	absence	NOUN
ajfa-4783	86	357	of	of	ADP
ajfa-4783	86	358	a	a	DET
ajfa-4783	86	359	family	family	NOUN
ajfa-4783	86	360	charter	charter	NOUN
ajfa-4783	86	361	5.3	5.3	NUM
ajfa-4783	86	362	the	the	DET
ajfa-4783	86	363	number	number	NOUN
ajfa-4783	86	364	of	of	ADP
ajfa-4783	86	365	family	family	NOUN
ajfa-4783	86	366	members	member	NOUN
ajfa-4783	86	367	seating	seat	VERB
ajfa-4783	86	368	at	at	ADP
ajfa-4783	86	369	the	the	DET
ajfa-4783	86	370	board	board	NOUN
ajfa-4783	86	371	is	be	AUX
ajfa-4783	86	372	disclosed	disclose	VERB
ajfa-4783	86	373	5.4	5.4	NUM
ajfa-4783	86	374	at	at	ADP
ajfa-4783	86	375	least	least	ADJ
ajfa-4783	86	376	a	a	DET
ajfa-4783	86	377	family	family	NOUN
ajfa-4783	86	378	meeting	meeting	NOUN
ajfa-4783	86	379	each	each	DET
ajfa-4783	86	380	year	year	NOUN
ajfa-4783	86	381	based	base	VERB
ajfa-4783	86	382	on	on	ADP
ajfa-4783	86	383	this	this	DET
ajfa-4783	86	384	grid	grid	NOUN
ajfa-4783	86	385	,	,	PUNCT
ajfa-4783	86	386	a	a	DET
ajfa-4783	86	387	global	global	ADJ
ajfa-4783	86	388	score	score	NOUN
ajfa-4783	86	389	as	as	ADV
ajfa-4783	86	390	well	well	ADV
ajfa-4783	86	391	as	as	ADP
ajfa-4783	86	392	five	five	NUM
ajfa-4783	86	393	dimensional	dimensional	ADJ
ajfa-4783	86	394	scores	score	NOUN
ajfa-4783	86	395	are	be	AUX
ajfa-4783	86	396	calculated	calculate	VERB
ajfa-4783	86	397	.	.	PUNCT
ajfa-4783	87	1	these	these	DET
ajfa-4783	87	2	measures	measure	NOUN
ajfa-4783	87	3	enable	enable	VERB
ajfa-4783	87	4	us	we	PRON
ajfa-4783	87	5	to	to	PART
ajfa-4783	87	6	compare	compare	VERB
ajfa-4783	87	7	family	family	NOUN
ajfa-4783	87	8	firms	firm	NOUN
ajfa-4783	87	9	with	with	ADP
ajfa-4783	87	10	high	high	ADJ
ajfa-4783	87	11	governance	governance	NOUN
ajfa-4783	87	12	scores	score	NOUN
ajfa-4783	87	13	and	and	CCONJ
ajfa-4783	87	14	their	their	PRON
ajfa-4783	87	15	peers	peer	NOUN
ajfa-4783	87	16	that	that	PRON
ajfa-4783	87	17	present	present	VERB
ajfa-4783	87	18	the	the	DET
ajfa-4783	87	19	lowest	low	ADJ
ajfa-4783	87	20	results	result	NOUN
ajfa-4783	87	21	in	in	ADP
ajfa-4783	87	22	order	order	NOUN
ajfa-4783	87	23	to	to	PART
ajfa-4783	87	24	investigate	investigate	VERB
ajfa-4783	87	25	between	between	ADP
ajfa-4783	87	26	the	the	DET
ajfa-4783	87	27	relationship	relationship	NOUN
ajfa-4783	87	28	between	between	ADP
ajfa-4783	87	29	good	good	ADJ
ajfa-4783	87	30	governance	governance	NOUN
ajfa-4783	87	31	practices	practice	NOUN
ajfa-4783	87	32	and	and	CCONJ
ajfa-4783	87	33	performance	performance	NOUN
ajfa-4783	87	34	within	within	ADP
ajfa-4783	87	35	family	family	NOUN
ajfa-4783	87	36	firms	firm	NOUN
ajfa-4783	87	37	listed	list	VERB
ajfa-4783	87	38	on	on	ADP
ajfa-4783	87	39	the	the	DET
ajfa-4783	87	40	bel20	bel20	NOUN
ajfa-4783	87	41	and	and	CCONJ
ajfa-4783	87	42	vice	vice	NOUN
ajfa-4783	87	43	asian	asian	PROPN
ajfa-4783	87	44	journal	journal	PROPN
ajfa-4783	87	45	of	of	ADP
ajfa-4783	87	46	finance	finance	PROPN
ajfa-4783	87	47	&	&	CCONJ
ajfa-4783	87	48	accounting	accounting	PROPN
ajfa-4783	87	49	issn	issn	PROPN
ajfa-4783	87	50	1946	1946	NUM
ajfa-4783	87	51	-	-	PUNCT
ajfa-4783	87	52	052x	052x	PROPN
ajfa-4783	87	53	2014	2014	NUM
ajfa-4783	87	54	,	,	PUNCT
ajfa-4783	87	55	vol	vol	NOUN
ajfa-4783	87	56	.	.	PROPN
ajfa-4783	87	57	6	6	NUM
ajfa-4783	87	58	,	,	PUNCT
ajfa-4783	87	59	no	no	INTJ
ajfa-4783	87	60	.	.	NOUN
ajfa-4783	87	61	1	1	NUM
ajfa-4783	87	62	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4783	87	63	117	117	NUM
ajfa-4783	87	64	versa	versa	ADV
ajfa-4783	87	65	.	.	PUNCT
ajfa-4783	88	1	moreover	moreover	ADV
ajfa-4783	88	2	,	,	PUNCT
ajfa-4783	88	3	regressions	regression	NOUN
ajfa-4783	88	4	are	be	AUX
ajfa-4783	88	5	also	also	ADV
ajfa-4783	88	6	run	run	VERB
ajfa-4783	88	7	in	in	ADP
ajfa-4783	88	8	order	order	NOUN
ajfa-4783	88	9	to	to	PART
ajfa-4783	88	10	measure	measure	VERB
ajfa-4783	88	11	the	the	DET
ajfa-4783	88	12	individual	individual	ADJ
ajfa-4783	88	13	influence	influence	NOUN
ajfa-4783	88	14	of	of	ADP
ajfa-4783	88	15	each	each	DET
ajfa-4783	88	16	dimension	dimension	NOUN
ajfa-4783	88	17	of	of	ADP
ajfa-4783	88	18	governance	governance	NOUN
ajfa-4783	88	19	on	on	ADP
ajfa-4783	88	20	performance	performance	NOUN
ajfa-4783	88	21	.	.	PUNCT
ajfa-4783	89	1	2.3	2.3	NUM
ajfa-4783	89	2	.	.	PUNCT
ajfa-4783	90	1	regression	regression	NOUN
ajfa-4783	90	2	models	model	NOUN
ajfa-4783	90	3	in	in	ADP
ajfa-4783	90	4	order	order	NOUN
ajfa-4783	90	5	to	to	PART
ajfa-4783	90	6	measure	measure	VERB
ajfa-4783	90	7	the	the	DET
ajfa-4783	90	8	influence	influence	NOUN
ajfa-4783	90	9	of	of	ADP
ajfa-4783	90	10	each	each	DET
ajfa-4783	90	11	dimension	dimension	NOUN
ajfa-4783	90	12	of	of	ADP
ajfa-4783	90	13	the	the	DET
ajfa-4783	90	14	governance	governance	NOUN
ajfa-4783	90	15	grid	grid	NOUN
ajfa-4783	90	16	on	on	ADP
ajfa-4783	90	17	family	family	NOUN
ajfa-4783	90	18	firms	firm	NOUN
ajfa-4783	90	19	’	’	PART
ajfa-4783	90	20	performance	performance	NOUN
ajfa-4783	90	21	,	,	PUNCT
ajfa-4783	90	22	we	we	PRON
ajfa-4783	90	23	propose	propose	VERB
ajfa-4783	90	24	the	the	DET
ajfa-4783	90	25	next	next	ADJ
ajfa-4783	90	26	model	model	NOUN
ajfa-4783	90	27	that	that	PRON
ajfa-4783	90	28	integrates	integrate	VERB
ajfa-4783	90	29	control	control	NOUN
ajfa-4783	90	30	variables	variable	NOUN
ajfa-4783	90	31	commonly	commonly	ADV
ajfa-4783	90	32	used	use	VERB
ajfa-4783	90	33	in	in	ADP
ajfa-4783	90	34	studies	study	NOUN
ajfa-4783	90	35	analysing	analyse	VERB
ajfa-4783	90	36	performance	performance	NOUN
ajfa-4783	90	37	(	(	PUNCT
ajfa-4783	90	38	e.g.	e.g.	ADV
ajfa-4783	90	39	anderson	anderson	PROPN
ajfa-4783	90	40	and	and	CCONJ
ajfa-4783	90	41	reeb	reeb	PROPN
ajfa-4783	90	42	,	,	PUNCT
ajfa-4783	90	43	2003	2003	NUM
ajfa-4783	90	44	,	,	PUNCT
ajfa-4783	90	45	villalonga	villalonga	ADJ
ajfa-4783	90	46	and	and	CCONJ
ajfa-4783	90	47	amit	amit	PROPN
ajfa-4783	90	48	,	,	PUNCT
ajfa-4783	90	49	2006	2006	NUM
ajfa-4783	90	50	):	):	PUNCT
ajfa-4783	90	51	(	(	PUNCT
ajfa-4783	90	52	1	1	X
ajfa-4783	90	53	)	)	PUNCT
ajfa-4783	90	54	perfi	perfi	NOUN
ajfa-4783	90	55	,	,	PUNCT
ajfa-4783	90	56	t	t	PROPN
ajfa-4783	90	57	=	=	SYM
ajfa-4783	90	58	β0	β0	PROPN
ajfa-4783	90	59	+	+	CCONJ
ajfa-4783	90	60	β1	β1	PROPN
ajfa-4783	90	61	board	board	NOUN
ajfa-4783	90	62	compositioni	compositioni	NOUN
ajfa-4783	90	63	,	,	PUNCT
ajfa-4783	90	64	t	t	PROPN
ajfa-4783	90	65	+	+	CCONJ
ajfa-4783	90	66	β2	β2	NOUN
ajfa-4783	90	67	transparencyi	transparencyi	NOUN
ajfa-4783	90	68	,	,	PUNCT
ajfa-4783	90	69	t	t	PROPN
ajfa-4783	90	70	+	+	CCONJ
ajfa-4783	90	71	β3	β3	ADJ
ajfa-4783	90	72	policiesi	policiesi	NOUN
ajfa-4783	90	73	,	,	PUNCT
ajfa-4783	90	74	t	t	PROPN
ajfa-4783	90	75	+	+	CCONJ
ajfa-4783	90	76	β4	β4	PROPN
ajfa-4783	90	77	internal	internal	ADJ
ajfa-4783	90	78	controli	controli	NOUN
ajfa-4783	90	79	,	,	PUNCT
ajfa-4783	90	80	t	t	PROPN
ajfa-4783	90	81	+	+	CCONJ
ajfa-4783	90	82	β5	β5	ADJ
ajfa-4783	90	83	family	family	NOUN
ajfa-4783	90	84	factorsi	factorsi	NOUN
ajfa-4783	90	85	,	,	PUNCT
ajfa-4783	90	86	t+	t+	VERB
ajfa-4783	90	87	β6sizei	β6sizei	ADJ
ajfa-4783	90	88	,	,	PUNCT
ajfa-4783	90	89	t	t	PROPN
ajfa-4783	90	90	+	+	CCONJ
ajfa-4783	90	91	β7agei	β7agei	ADJ
ajfa-4783	90	92	,	,	PUNCT
ajfa-4783	90	93	t	t	PROPN
ajfa-4783	90	94	+	+	CCONJ
ajfa-4783	90	95	β8debtsi	β8debtsi	PROPN
ajfa-4783	90	96	,	,	PUNCT
ajfa-4783	90	97	t	t	PROPN
ajfa-4783	90	98	+	+	CCONJ
ajfa-4783	90	99	β9	β9	ADJ
ajfa-4783	90	100	sales	sale	NOUN
ajfa-4783	90	101	growthi	growthi	NOUN
ajfa-4783	90	102	,	,	PUNCT
ajfa-4783	90	103	t	t	PROPN
ajfa-4783	90	104	+	+	NUM
ajfa-4783	90	105	β10investi	β10investi	PROPN
ajfa-4783	90	106	,	,	PUNCT
ajfa-4783	90	107	t	t	NOUN
ajfa-4783	90	108	+	+	CCONJ
ajfa-4783	90	109	β11crisis	β11crisi	NOUN
ajfa-4783	90	110	+	+	CCONJ
ajfa-4783	90	111	εi	εi	ADJ
ajfa-4783	90	112	,	,	PUNCT
ajfa-4783	90	113	t	t	PROPN
ajfa-4783	90	114	dependent	dependent	ADJ
ajfa-4783	90	115	variables	variable	NOUN
ajfa-4783	90	116	.	.	PUNCT
ajfa-4783	91	1	roa	roa	PROPN
ajfa-4783	91	2	and	and	CCONJ
ajfa-4783	91	3	roe	roe	PROPN
ajfa-4783	91	4	are	be	AUX
ajfa-4783	91	5	indicators	indicator	NOUN
ajfa-4783	91	6	that	that	SCONJ
ajfa-4783	91	7	measure	measure	NOUN
ajfa-4783	91	8	of	of	ADP
ajfa-4783	91	9	performance	performance	NOUN
ajfa-4783	91	10	within	within	ADP
ajfa-4783	91	11	family	family	NOUN
ajfa-4783	91	12	firms	firm	NOUN
ajfa-4783	91	13	.	.	PUNCT
ajfa-4783	92	1	we	we	PRON
ajfa-4783	92	2	chose	choose	VERB
ajfa-4783	92	3	for	for	ADP
ajfa-4783	92	4	roa	roa	NOUN
ajfa-4783	92	5	because	because	SCONJ
ajfa-4783	92	6	this	this	DET
ajfa-4783	92	7	measure	measure	NOUN
ajfa-4783	92	8	of	of	ADP
ajfa-4783	92	9	performance	performance	NOUN
ajfa-4783	92	10	focuses	focus	VERB
ajfa-4783	92	11	on	on	ADP
ajfa-4783	92	12	economic	economic	ADJ
ajfa-4783	92	13	profitability	profitability	NOUN
ajfa-4783	92	14	without	without	ADP
ajfa-4783	92	15	taking	take	VERB
ajfa-4783	92	16	into	into	ADP
ajfa-4783	92	17	account	account	NOUN
ajfa-4783	92	18	the	the	DET
ajfa-4783	92	19	effect	effect	NOUN
ajfa-4783	92	20	of	of	ADP
ajfa-4783	92	21	financial	financial	ADJ
ajfa-4783	92	22	choices	choice	NOUN
ajfa-4783	92	23	whereas	whereas	SCONJ
ajfa-4783	92	24	roe	roe	NOUN
ajfa-4783	92	25	takes	take	VERB
ajfa-4783	92	26	into	into	ADP
ajfa-4783	92	27	account	account	NOUN
ajfa-4783	92	28	these	these	DET
ajfa-4783	92	29	elements	element	NOUN
ajfa-4783	92	30	(	(	PUNCT
ajfa-4783	92	31	ooghe	ooghe	ADJ
ajfa-4783	92	32	and	and	CCONJ
ajfa-4783	92	33	vanwymeersch	vanwymeersch	NOUN
ajfa-4783	92	34	,	,	PUNCT
ajfa-4783	92	35	2006	2006	NUM
ajfa-4783	92	36	)	)	PUNCT
ajfa-4783	92	37	.	.	PUNCT
ajfa-4783	93	1	independent	independent	ADJ
ajfa-4783	93	2	variables	variable	NOUN
ajfa-4783	93	3	.	.	PUNCT
ajfa-4783	94	1	board	board	NOUN
ajfa-4783	94	2	compositioni	compositioni	PROPN
ajfa-4783	94	3	,	,	PUNCT
ajfa-4783	94	4	t	t	PROPN
ajfa-4783	94	5	corresponds	correspond	VERB
ajfa-4783	94	6	to	to	ADP
ajfa-4783	94	7	the	the	DET
ajfa-4783	94	8	score	score	NOUN
ajfa-4783	94	9	related	relate	VERB
ajfa-4783	94	10	to	to	ADP
ajfa-4783	94	11	the	the	DET
ajfa-4783	94	12	category	category	NOUN
ajfa-4783	94	13	“	"	PUNCT
ajfa-4783	94	14	structure	structure	NOUN
ajfa-4783	94	15	and	and	CCONJ
ajfa-4783	94	16	functioning	functioning	NOUN
ajfa-4783	94	17	of	of	ADP
ajfa-4783	94	18	the	the	DET
ajfa-4783	94	19	board	board	NOUN
ajfa-4783	94	20	”	"	PUNCT
ajfa-4783	94	21	.	.	PUNCT
ajfa-4783	95	1	transparencyi	transparencyi	PROPN
ajfa-4783	95	2	,	,	PUNCT
ajfa-4783	95	3	t	t	PROPN
ajfa-4783	95	4	is	be	AUX
ajfa-4783	95	5	a	a	DET
ajfa-4783	95	6	variable	variable	ADJ
ajfa-4783	95	7	integrating	integrate	VERB
ajfa-4783	95	8	the	the	DET
ajfa-4783	95	9	score	score	NOUN
ajfa-4783	95	10	of	of	ADP
ajfa-4783	95	11	the	the	DET
ajfa-4783	95	12	category	category	NOUN
ajfa-4783	95	13	“	"	PUNCT
ajfa-4783	95	14	information	information	NOUN
ajfa-4783	95	15	transparency	transparency	NOUN
ajfa-4783	95	16	and	and	CCONJ
ajfa-4783	95	17	disclosure	disclosure	NOUN
ajfa-4783	95	18	”	"	PUNCT
ajfa-4783	95	19	.	.	PUNCT
ajfa-4783	96	1	policiesi	policiesi	PROPN
ajfa-4783	96	2	,	,	PUNCT
ajfa-4783	96	3	t	t	PROPN
ajfa-4783	96	4	is	be	AUX
ajfa-4783	96	5	related	relate	VERB
ajfa-4783	96	6	to	to	ADP
ajfa-4783	96	7	the	the	DET
ajfa-4783	96	8	score	score	NOUN
ajfa-4783	96	9	of	of	ADP
ajfa-4783	96	10	the	the	DET
ajfa-4783	96	11	category	category	NOUN
ajfa-4783	96	12	“	"	PUNCT
ajfa-4783	96	13	compensation	compensation	NOUN
ajfa-4783	96	14	and	and	CCONJ
ajfa-4783	96	15	nomination	nomination	NOUN
ajfa-4783	96	16	policies	policy	NOUN
ajfa-4783	96	17	”	"	PUNCT
ajfa-4783	96	18	.	.	PUNCT
ajfa-4783	97	1	internal	internal	ADJ
ajfa-4783	97	2	controli	controli	NOUN
ajfa-4783	97	3	,	,	PUNCT
ajfa-4783	97	4	t	t	PROPN
ajfa-4783	97	5	corresponds	correspond	VERB
ajfa-4783	97	6	to	to	ADP
ajfa-4783	97	7	the	the	DET
ajfa-4783	97	8	score	score	NOUN
ajfa-4783	97	9	of	of	ADP
ajfa-4783	97	10	the	the	DET
ajfa-4783	97	11	category	category	NOUN
ajfa-4783	97	12	“	"	PUNCT
ajfa-4783	97	13	internal	internal	ADJ
ajfa-4783	97	14	control	control	NOUN
ajfa-4783	97	15	”	"	PUNCT
ajfa-4783	97	16	.	.	PUNCT
ajfa-4783	98	1	family	family	NOUN
ajfa-4783	98	2	factorsi	factorsi	NOUN
ajfa-4783	98	3	,	,	PUNCT
ajfa-4783	98	4	t	t	PROPN
ajfa-4783	98	5	integrates	integrate	VERB
ajfa-4783	98	6	the	the	DET
ajfa-4783	98	7	influence	influence	NOUN
ajfa-4783	98	8	of	of	ADP
ajfa-4783	98	9	family	family	NOUN
ajfa-4783	98	10	governance	governance	NOUN
ajfa-4783	98	11	.	.	PUNCT
ajfa-4783	99	1	control	control	NOUN
ajfa-4783	99	2	variables	variable	NOUN
ajfa-4783	99	3	.	.	PUNCT
ajfa-4783	100	1	sizei	sizei	PROPN
ajfa-4783	100	2	,	,	PUNCT
ajfa-4783	100	3	t	t	PROPN
ajfa-4783	100	4	is	be	AUX
ajfa-4783	100	5	control	control	NOUN
ajfa-4783	100	6	variable	variable	NOUN
ajfa-4783	100	7	for	for	ADP
ajfa-4783	100	8	size	size	NOUN
ajfa-4783	100	9	and	and	CCONJ
ajfa-4783	100	10	is	be	AUX
ajfa-4783	100	11	determined	determine	VERB
ajfa-4783	100	12	as	as	ADP
ajfa-4783	100	13	the	the	DET
ajfa-4783	100	14	natural	natural	ADJ
ajfa-4783	100	15	logarithm	logarithm	NOUN
ajfa-4783	100	16	of	of	ADP
ajfa-4783	100	17	total	total	ADJ
ajfa-4783	100	18	assets	asset	NOUN
ajfa-4783	100	19	.	.	PUNCT
ajfa-4783	101	1	agei	agei	PROPN
ajfa-4783	101	2	,	,	PUNCT
ajfa-4783	101	3	t	t	PROPN
ajfa-4783	101	4	control	control	NOUN
ajfa-4783	101	5	for	for	ADP
ajfa-4783	101	6	life	life	NOUN
ajfa-4783	101	7	-	-	PUNCT
ajfa-4783	101	8	stage	stage	NOUN
ajfa-4783	101	9	of	of	ADP
ajfa-4783	101	10	the	the	DET
ajfa-4783	101	11	firm	firm	NOUN
ajfa-4783	101	12	and	and	CCONJ
ajfa-4783	101	13	is	be	AUX
ajfa-4783	101	14	measured	measure	VERB
ajfa-4783	101	15	by	by	ADP
ajfa-4783	101	16	the	the	DET
ajfa-4783	101	17	natural	natural	ADJ
ajfa-4783	101	18	logarithm	logarithm	NOUN
ajfa-4783	101	19	of	of	ADP
ajfa-4783	101	20	the	the	DET
ajfa-4783	101	21	numbers	number	NOUN
ajfa-4783	101	22	of	of	ADP
ajfa-4783	101	23	years	year	NOUN
ajfa-4783	101	24	since	since	SCONJ
ajfa-4783	101	25	the	the	DET
ajfa-4783	101	26	creation	creation	NOUN
ajfa-4783	101	27	of	of	ADP
ajfa-4783	101	28	the	the	DET
ajfa-4783	101	29	company	company	NOUN
ajfa-4783	101	30	.	.	PUNCT
ajfa-4783	102	1	debtsi	debtsi	NOUN
ajfa-4783	102	2	,	,	PUNCT
ajfa-4783	102	3	t	t	PROPN
ajfa-4783	102	4	is	be	AUX
ajfa-4783	102	5	a	a	DET
ajfa-4783	102	6	control	control	NOUN
ajfa-4783	102	7	variable	variable	NOUN
ajfa-4783	102	8	for	for	ADP
ajfa-4783	102	9	the	the	DET
ajfa-4783	102	10	effect	effect	NOUN
ajfa-4783	102	11	of	of	ADP
ajfa-4783	102	12	the	the	DET
ajfa-4783	102	13	financial	financial	ADJ
ajfa-4783	102	14	structure	structure	NOUN
ajfa-4783	102	15	on	on	ADP
ajfa-4783	102	16	performance	performance	NOUN
ajfa-4783	102	17	and	and	CCONJ
ajfa-4783	102	18	is	be	AUX
ajfa-4783	102	19	assessed	assess	VERB
ajfa-4783	102	20	by	by	ADP
ajfa-4783	102	21	the	the	DET
ajfa-4783	102	22	ratio	ratio	NOUN
ajfa-4783	102	23	long	long	ADJ
ajfa-4783	102	24	-	-	PUNCT
ajfa-4783	102	25	term	term	NOUN
ajfa-4783	102	26	debts	debt	NOUN
ajfa-4783	102	27	/	/	SYM
ajfa-4783	102	28	total	total	ADJ
ajfa-4783	102	29	assets	asset	NOUN
ajfa-4783	102	30	.	.	PUNCT
ajfa-4783	103	1	sales	sale	NOUN
ajfa-4783	103	2	growthi	growthi	PROPN
ajfa-4783	103	3	,	,	PUNCT
ajfa-4783	103	4	t	t	PROPN
ajfa-4783	103	5	controls	control	VERB
ajfa-4783	103	6	for	for	ADP
ajfa-4783	103	7	the	the	DET
ajfa-4783	103	8	maturity	maturity	NOUN
ajfa-4783	103	9	of	of	ADP
ajfa-4783	103	10	the	the	DET
ajfa-4783	103	11	firms	firm	NOUN
ajfa-4783	103	12	.	.	PUNCT
ajfa-4783	104	1	investmenti	investmenti	ADJ
ajfa-4783	104	2	,	,	PUNCT
ajfa-4783	104	3	t	t	PROPN
ajfa-4783	104	4	is	be	AUX
ajfa-4783	104	5	assessed	assess	VERB
ajfa-4783	104	6	by	by	ADP
ajfa-4783	104	7	capital	capital	NOUN
ajfa-4783	104	8	expenditure	expenditure	NOUN
ajfa-4783	104	9	divided	divide	VERB
ajfa-4783	104	10	by	by	ADP
ajfa-4783	104	11	total	total	ADJ
ajfa-4783	104	12	assets	asset	NOUN
ajfa-4783	104	13	in	in	ADP
ajfa-4783	104	14	order	order	NOUN
ajfa-4783	104	15	to	to	PART
ajfa-4783	104	16	control	control	VERB
ajfa-4783	104	17	for	for	ADP
ajfa-4783	104	18	the	the	DET
ajfa-4783	104	19	effect	effect	NOUN
ajfa-4783	104	20	of	of	ADP
ajfa-4783	104	21	investment	investment	NOUN
ajfa-4783	104	22	policy	policy	NOUN
ajfa-4783	104	23	on	on	ADP
ajfa-4783	104	24	performance	performance	NOUN
ajfa-4783	104	25	.	.	PUNCT
ajfa-4783	105	1	crisist	crisist	NOUN
ajfa-4783	105	2	is	be	AUX
ajfa-4783	105	3	a	a	DET
ajfa-4783	105	4	dummy	dummy	ADJ
ajfa-4783	105	5	variable	variable	NOUN
ajfa-4783	105	6	taking	take	VERB
ajfa-4783	105	7	the	the	DET
ajfa-4783	105	8	value	value	NOUN
ajfa-4783	105	9	1	1	NUM
ajfa-4783	105	10	after	after	ADP
ajfa-4783	105	11	the	the	DET
ajfa-4783	105	12	outbreak	outbreak	NOUN
ajfa-4783	105	13	of	of	ADP
ajfa-4783	105	14	the	the	DET
ajfa-4783	105	15	financial	financial	ADJ
ajfa-4783	105	16	crisis	crisis	NOUN
ajfa-4783	105	17	in	in	ADP
ajfa-4783	105	18	2007	2007	NUM
ajfa-4783	105	19	,	,	PUNCT
ajfa-4783	105	20	0	0	NUM
ajfa-4783	106	1	otherwise	otherwise	ADV
ajfa-4783	106	2	.	.	PUNCT
ajfa-4783	107	1	3	3	X
ajfa-4783	107	2	.	.	NOUN
ajfa-4783	107	3	results	result	NOUN
ajfa-4783	107	4	and	and	CCONJ
ajfa-4783	107	5	interpretations	interpretation	NOUN
ajfa-4783	107	6	3.1	3.1	NUM
ajfa-4783	107	7	.	.	PUNCT
ajfa-4783	108	1	descriptive	descriptive	ADJ
ajfa-4783	108	2	statistics	statistic	NOUN
ajfa-4783	108	3	asian	asian	PROPN
ajfa-4783	108	4	journal	journal	PROPN
ajfa-4783	108	5	of	of	ADP
ajfa-4783	108	6	finance	finance	PROPN
ajfa-4783	108	7	&	&	CCONJ
ajfa-4783	108	8	accounting	accounting	PROPN
ajfa-4783	108	9	issn	issn	PROPN
ajfa-4783	108	10	1946	1946	NUM
ajfa-4783	108	11	-	-	PUNCT
ajfa-4783	108	12	052x	052x	PROPN
ajfa-4783	108	13	2014	2014	NUM
ajfa-4783	108	14	,	,	PUNCT
ajfa-4783	108	15	vol	vol	NOUN
ajfa-4783	108	16	.	.	PROPN
ajfa-4783	108	17	6	6	NUM
ajfa-4783	108	18	,	,	PUNCT
ajfa-4783	108	19	no	no	INTJ
ajfa-4783	108	20	.	.	NOUN
ajfa-4783	108	21	1	1	NUM
ajfa-4783	108	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4783	108	23	118	118	NUM
ajfa-4783	108	24	table	table	NOUN
ajfa-4783	108	25	2	2	NUM
ajfa-4783	108	26	.	.	PUNCT
ajfa-4783	109	1	governance	governance	NOUN
ajfa-4783	109	2	score	score	NOUN
ajfa-4783	109	3	analysis	analysis	NOUN
ajfa-4783	109	4	ab	ab	PROPN
ajfa-4783	109	5	inbev	inbev	PROPN
ajfa-4783	109	6	ackermans	ackermans	PROPN
ajfa-4783	109	7	&	&	CCONJ
ajfa-4783	109	8	van	van	PROPN
ajfa-4783	109	9	haaren	haaren	PROPN
ajfa-4783	109	10	bekaert	bekaert	PROPN
ajfa-4783	109	11	colruyt	colruyt	PROPN
ajfa-4783	109	12	d’ieteren	d’ieteren	PROPN
ajfa-4783	109	13	gbl	gbl	PROPN
ajfa-4783	109	14	solvay	solvay	PROPN
ajfa-4783	109	15	ucb	ucb	PROPN
ajfa-4783	109	16	structure	structure	NOUN
ajfa-4783	109	17	and	and	CCONJ
ajfa-4783	109	18	functioning	functioning	NOUN
ajfa-4783	109	19	of	of	ADP
ajfa-4783	109	20	the	the	DET
ajfa-4783	109	21	board	board	NOUN
ajfa-4783	109	22	5	5	NUM
ajfa-4783	109	23	5	5	NUM
ajfa-4783	109	24	5	5	NUM
ajfa-4783	109	25	3	3	NUM
ajfa-4783	109	26	6	6	NUM
ajfa-4783	109	27	5	5	NUM
ajfa-4783	109	28	6	6	NUM
ajfa-4783	109	29	6	6	NUM
ajfa-4783	109	30	information	information	NOUN
ajfa-4783	109	31	transparency	transparency	NOUN
ajfa-4783	109	32	and	and	CCONJ
ajfa-4783	109	33	disclosure	disclosure	NOUN
ajfa-4783	109	34	15	15	NUM
ajfa-4783	109	35	12	12	NUM
ajfa-4783	109	36	15	15	NUM
ajfa-4783	109	37	5	5	NUM
ajfa-4783	109	38	7	7	NUM
ajfa-4783	109	39	16	16	NUM
ajfa-4783	109	40	14	14	NUM
ajfa-4783	109	41	15	15	NUM
ajfa-4783	109	42	compensation	compensation	NOUN
ajfa-4783	109	43	and	and	CCONJ
ajfa-4783	109	44	nomination	nomination	NOUN
ajfa-4783	109	45	policies	policy	NOUN
ajfa-4783	109	46	12	12	NUM
ajfa-4783	109	47	14	14	NUM
ajfa-4783	109	48	12	12	NUM
ajfa-4783	109	49	4	4	NUM
ajfa-4783	109	50	9	9	NUM
ajfa-4783	109	51	14	14	NUM
ajfa-4783	109	52	15	15	NUM
ajfa-4783	109	53	15	15	NUM
ajfa-4783	109	54	internal	internal	ADJ
ajfa-4783	109	55	control	control	NOUN
ajfa-4783	109	56	3	3	NUM
ajfa-4783	109	57	3	3	NUM
ajfa-4783	109	58	4	4	NUM
ajfa-4783	109	59	3	3	NUM
ajfa-4783	109	60	2	2	NUM
ajfa-4783	109	61	4	4	NUM
ajfa-4783	109	62	4	4	NUM
ajfa-4783	109	63	3	3	NUM
ajfa-4783	109	64	family	family	NOUN
ajfa-4783	109	65	factors	factor	NOUN
ajfa-4783	109	66	1	1	NUM
ajfa-4783	109	67	2	2	NUM
ajfa-4783	109	68	2	2	NUM
ajfa-4783	109	69	0	0	NUM
ajfa-4783	109	70	2	2	NUM
ajfa-4783	109	71	2	2	NUM
ajfa-4783	109	72	2	2	NUM
ajfa-4783	109	73	2	2	NUM
ajfa-4783	109	74	governance	governance	NOUN
ajfa-4783	109	75	score	score	NOUN
ajfa-4783	109	76	36	36	NUM
ajfa-4783	109	77	36	36	NUM
ajfa-4783	109	78	38	38	NUM
ajfa-4783	109	79	15	15	NUM
ajfa-4783	109	80	26	26	NUM
ajfa-4783	109	81	41	41	NUM
ajfa-4783	109	82	41	41	NUM
ajfa-4783	109	83	41	41	NUM
ajfa-4783	109	84	ranking	rank	VERB
ajfa-4783	109	85	3	3	NUM
ajfa-4783	109	86	3	3	NUM
ajfa-4783	109	87	2	2	NUM
ajfa-4783	109	88	5	5	NUM
ajfa-4783	109	89	4	4	NUM
ajfa-4783	109	90	1	1	NUM
ajfa-4783	109	91	1	1	NUM
ajfa-4783	109	92	1	1	NUM
ajfa-4783	109	93	minimum	minimum	NOUN
ajfa-4783	109	94	15	15	NUM
ajfa-4783	109	95	maximum	maximum	NOUN
ajfa-4783	109	96	41	41	NUM
ajfa-4783	109	97	mean	mean	ADJ
ajfa-4783	109	98	34,25	34,25	NUM
ajfa-4783	109	99	descriptive	descriptive	ADJ
ajfa-4783	109	100	statistics	statistic	NOUN
ajfa-4783	109	101	reported	report	VERB
ajfa-4783	109	102	in	in	ADP
ajfa-4783	109	103	table	table	NOUN
ajfa-4783	109	104	2	2	NUM
ajfa-4783	109	105	indicate	indicate	VERB
ajfa-4783	109	106	that	that	SCONJ
ajfa-4783	109	107	the	the	DET
ajfa-4783	109	108	mean	mean	ADJ
ajfa-4783	109	109	family	family	NOUN
ajfa-4783	109	110	firm	firm	NOUN
ajfa-4783	109	111	presents	present	VERB
ajfa-4783	109	112	a	a	DET
ajfa-4783	109	113	governance	governance	NOUN
ajfa-4783	109	114	score	score	NOUN
ajfa-4783	109	115	of	of	ADP
ajfa-4783	109	116	69.9	69.9	NUM
ajfa-4783	109	117	%	%	NOUN
ajfa-4783	109	118	(	(	PUNCT
ajfa-4783	109	119	34.25	34.25	NUM
ajfa-4783	109	120	divided	divide	VERB
ajfa-4783	109	121	by	by	ADP
ajfa-4783	109	122	49	49	NUM
ajfa-4783	109	123	items	item	NOUN
ajfa-4783	109	124	)	)	PUNCT
ajfa-4783	109	125	.	.	PUNCT
ajfa-4783	110	1	therefore	therefore	ADV
ajfa-4783	110	2	,	,	PUNCT
ajfa-4783	110	3	it	it	PRON
ajfa-4783	110	4	seems	seem	VERB
ajfa-4783	110	5	that	that	SCONJ
ajfa-4783	110	6	family	family	NOUN
ajfa-4783	110	7	firms	firm	NOUN
ajfa-4783	110	8	listed	list	VERB
ajfa-4783	110	9	on	on	ADP
ajfa-4783	110	10	the	the	DET
ajfa-4783	110	11	bel20	bel20	PROPN
ajfa-4783	110	12	comply	comply	NOUN
ajfa-4783	110	13	with	with	ADP
ajfa-4783	110	14	the	the	DET
ajfa-4783	110	15	governance	governance	NOUN
ajfa-4783	110	16	code	code	NOUN
ajfa-4783	110	17	2009	2009	NUM
ajfa-4783	110	18	.	.	PUNCT
ajfa-4783	111	1	however	however	ADV
ajfa-4783	111	2	,	,	PUNCT
ajfa-4783	111	3	we	we	PRON
ajfa-4783	111	4	also	also	ADV
ajfa-4783	111	5	see	see	VERB
ajfa-4783	111	6	that	that	SCONJ
ajfa-4783	111	7	most	most	ADJ
ajfa-4783	111	8	of	of	ADP
ajfa-4783	111	9	them	they	PRON
ajfa-4783	111	10	meet	meet	VERB
ajfa-4783	111	11	the	the	DET
ajfa-4783	111	12	requirements	requirement	NOUN
ajfa-4783	111	13	of	of	ADP
ajfa-4783	111	14	the	the	DET
ajfa-4783	111	15	code	code	NOUN
ajfa-4783	111	16	in	in	ADP
ajfa-4783	111	17	terms	term	NOUN
ajfa-4783	111	18	of	of	ADP
ajfa-4783	111	19	classic	classic	ADJ
ajfa-4783	111	20	rules	rule	NOUN
ajfa-4783	111	21	of	of	ADP
ajfa-4783	111	22	governance	governance	NOUN
ajfa-4783	111	23	whereas	whereas	SCONJ
ajfa-4783	111	24	the	the	DET
ajfa-4783	111	25	rules	rule	NOUN
ajfa-4783	111	26	related	relate	VERB
ajfa-4783	111	27	to	to	ADP
ajfa-4783	111	28	family	family	NOUN
ajfa-4783	111	29	factors	factor	NOUN
ajfa-4783	111	30	of	of	ADP
ajfa-4783	111	31	governance	governance	NOUN
ajfa-4783	111	32	are	be	AUX
ajfa-4783	111	33	not	not	PART
ajfa-4783	111	34	really	really	ADV
ajfa-4783	111	35	respected	respect	VERB
ajfa-4783	111	36	.	.	PUNCT
ajfa-4783	112	1	thus	thus	ADV
ajfa-4783	112	2	,	,	PUNCT
ajfa-4783	112	3	it	it	PRON
ajfa-4783	112	4	seems	seem	VERB
ajfa-4783	112	5	that	that	SCONJ
ajfa-4783	112	6	family	family	NOUN
ajfa-4783	112	7	firms	firm	NOUN
ajfa-4783	112	8	are	be	AUX
ajfa-4783	112	9	not	not	PART
ajfa-4783	112	10	inclined	inclined	ADJ
ajfa-4783	112	11	to	to	PART
ajfa-4783	112	12	disclose	disclose	VERB
ajfa-4783	112	13	information	information	NOUN
ajfa-4783	112	14	and	and	CCONJ
ajfa-4783	112	15	to	to	PART
ajfa-4783	112	16	meet	meet	VERB
ajfa-4783	112	17	the	the	DET
ajfa-4783	112	18	required	require	VERB
ajfa-4783	112	19	standards	standard	NOUN
ajfa-4783	112	20	regarding	regard	VERB
ajfa-4783	112	21	family	family	NOUN
ajfa-4783	112	22	governance	governance	NOUN
ajfa-4783	112	23	.	.	PUNCT
ajfa-4783	113	1	besides	besides	SCONJ
ajfa-4783	113	2	,	,	PUNCT
ajfa-4783	113	3	it	it	PRON
ajfa-4783	113	4	is	be	AUX
ajfa-4783	113	5	interesting	interesting	ADJ
ajfa-4783	113	6	to	to	PART
ajfa-4783	113	7	see	see	VERB
ajfa-4783	113	8	the	the	DET
ajfa-4783	113	9	influence	influence	NOUN
ajfa-4783	113	10	of	of	ADP
ajfa-4783	113	11	good	good	ADJ
ajfa-4783	113	12	governance	governance	NOUN
ajfa-4783	113	13	practices	practice	NOUN
ajfa-4783	113	14	on	on	ADP
ajfa-4783	113	15	family	family	NOUN
ajfa-4783	113	16	firms	firm	NOUN
ajfa-4783	113	17	’	’	PART
ajfa-4783	113	18	performance	performance	NOUN
ajfa-4783	113	19	and	and	CCONJ
ajfa-4783	113	20	vice	vice	NOUN
ajfa-4783	113	21	versa	versa	ADV
ajfa-4783	113	22	.	.	PUNCT
ajfa-4783	114	1	in	in	ADP
ajfa-4783	114	2	this	this	DET
ajfa-4783	114	3	respect	respect	NOUN
ajfa-4783	114	4	,	,	PUNCT
ajfa-4783	114	5	four	four	NUM
ajfa-4783	114	6	groups	group	NOUN
ajfa-4783	114	7	are	be	AUX
ajfa-4783	114	8	established	establish	VERB
ajfa-4783	114	9	:	:	PUNCT
ajfa-4783	114	10	group	group	NOUN
ajfa-4783	114	11	a	a	DET
ajfa-4783	114	12	gathers	gather	NOUN
ajfa-4783	114	13	together	together	ADV
ajfa-4783	114	14	family	family	NOUN
ajfa-4783	114	15	firms	firm	NOUN
ajfa-4783	114	16	displaying	display	VERB
ajfa-4783	114	17	the	the	DET
ajfa-4783	114	18	highest	high	ADJ
ajfa-4783	114	19	governance	governance	NOUN
ajfa-4783	114	20	score	score	NOUN
ajfa-4783	114	21	and	and	CCONJ
ajfa-4783	114	22	group	group	NOUN
ajfa-4783	114	23	b	b	PROPN
ajfa-4783	114	24	brings	bring	VERB
ajfa-4783	114	25	together	together	ADV
ajfa-4783	114	26	family	family	NOUN
ajfa-4783	114	27	businesses	business	NOUN
ajfa-4783	114	28	presenting	present	VERB
ajfa-4783	114	29	the	the	DET
ajfa-4783	114	30	lowest	low	ADJ
ajfa-4783	114	31	governance	governance	NOUN
ajfa-4783	114	32	scores	score	NOUN
ajfa-4783	114	33	.	.	PUNCT
ajfa-4783	115	1	this	this	DET
ajfa-4783	115	2	comparison	comparison	NOUN
ajfa-4783	115	3	is	be	AUX
ajfa-4783	115	4	proposed	propose	VERB
ajfa-4783	115	5	in	in	ADP
ajfa-4783	115	6	table	table	NOUN
ajfa-4783	115	7	3	3	NUM
ajfa-4783	115	8	.	.	PUNCT
ajfa-4783	115	9	asian	asian	ADJ
ajfa-4783	115	10	journal	journal	PROPN
ajfa-4783	115	11	of	of	ADP
ajfa-4783	115	12	finance	finance	PROPN
ajfa-4783	115	13	&	&	CCONJ
ajfa-4783	115	14	accounting	accounting	PROPN
ajfa-4783	115	15	issn	issn	PROPN
ajfa-4783	115	16	1946	1946	NUM
ajfa-4783	115	17	-	-	PUNCT
ajfa-4783	115	18	052x	052x	PROPN
ajfa-4783	115	19	2014	2014	NUM
ajfa-4783	115	20	,	,	PUNCT
ajfa-4783	115	21	vol	vol	NOUN
ajfa-4783	115	22	.	.	PROPN
ajfa-4783	115	23	6	6	NUM
ajfa-4783	115	24	,	,	PUNCT
ajfa-4783	115	25	no	no	INTJ
ajfa-4783	115	26	.	.	NOUN
ajfa-4783	115	27	1	1	NUM
ajfa-4783	115	28	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4783	115	29	119	119	NUM
ajfa-4783	115	30	table	table	NOUN
ajfa-4783	115	31	3	3	NUM
ajfa-4783	115	32	.	.	X
ajfa-4783	116	1	influence	influence	NOUN
ajfa-4783	116	2	of	of	ADP
ajfa-4783	116	3	governance	governance	NOUN
ajfa-4783	116	4	on	on	ADP
ajfa-4783	116	5	performance	performance	NOUN
ajfa-4783	116	6	(	(	PUNCT
ajfa-4783	116	7	roa	roa	NOUN
ajfa-4783	116	8	/	/	SYM
ajfa-4783	116	9	roe	roe	NOUN
ajfa-4783	116	10	)	)	PUNCT
ajfa-4783	116	11	performance	performance	NOUN
ajfa-4783	116	12	group	group	NOUN
ajfa-4783	116	13	a	a	DET
ajfa-4783	116	14	group	group	NOUN
ajfa-4783	116	15	b	b	NOUN
ajfa-4783	116	16	mean	mean	PROPN
ajfa-4783	116	17	max	max	PROPN
ajfa-4783	116	18	min	min	PROPN
ajfa-4783	116	19	mean	mean	PROPN
ajfa-4783	116	20	max	max	PROPN
ajfa-4783	116	21	min	min	PROPN
ajfa-4783	116	22	roa	roa	PROPN
ajfa-4783	116	23	7.34	7.34	NUM
ajfa-4783	116	24	21.53	21.53	NUM
ajfa-4783	116	25	0.92	0.92	NUM
ajfa-4783	116	26	6.78	6.78	NUM
ajfa-4783	116	27	15.51	15.51	NUM
ajfa-4783	116	28	1.46	1.46	NUM
ajfa-4783	116	29	roe	roe	NOUN
ajfa-4783	116	30	12.13	12.13	NUM
ajfa-4783	116	31	41.63	41.63	NUM
ajfa-4783	116	32	0.91	0.91	NUM
ajfa-4783	116	33	17.16	17.16	NUM
ajfa-4783	116	34	49.28	49.28	NUM
ajfa-4783	116	35	0.26	0.26	NUM
ajfa-4783	116	36	table	table	NOUN
ajfa-4783	116	37	3	3	NUM
ajfa-4783	116	38	shows	show	VERB
ajfa-4783	116	39	that	that	SCONJ
ajfa-4783	116	40	family	family	NOUN
ajfa-4783	116	41	firms	firm	NOUN
ajfa-4783	116	42	with	with	ADP
ajfa-4783	116	43	the	the	DET
ajfa-4783	116	44	lowest	low	ADJ
ajfa-4783	116	45	scores	score	NOUN
ajfa-4783	116	46	of	of	ADP
ajfa-4783	116	47	governance	governance	NOUN
ajfa-4783	116	48	display	display	VERB
ajfa-4783	116	49	the	the	DET
ajfa-4783	116	50	highest	high	ADJ
ajfa-4783	116	51	levels	level	NOUN
ajfa-4783	116	52	of	of	ADP
ajfa-4783	116	53	performance	performance	NOUN
ajfa-4783	116	54	.	.	PUNCT
ajfa-4783	117	1	indeed	indeed	ADV
ajfa-4783	117	2	,	,	PUNCT
ajfa-4783	117	3	we	we	PRON
ajfa-4783	117	4	see	see	VERB
ajfa-4783	117	5	a	a	DET
ajfa-4783	117	6	small	small	ADJ
ajfa-4783	117	7	difference	difference	NOUN
ajfa-4783	117	8	between	between	ADP
ajfa-4783	117	9	the	the	DET
ajfa-4783	117	10	two	two	NUM
ajfa-4783	117	11	groups	group	NOUN
ajfa-4783	117	12	in	in	ADP
ajfa-4783	117	13	terms	term	NOUN
ajfa-4783	117	14	of	of	ADP
ajfa-4783	117	15	roa	roa	PROPN
ajfa-4783	117	16	.	.	PUNCT
ajfa-4783	118	1	however	however	ADV
ajfa-4783	118	2	,	,	PUNCT
ajfa-4783	118	3	roe	roe	PROPN
ajfa-4783	118	4	is	be	AUX
ajfa-4783	118	5	significantly	significantly	ADV
ajfa-4783	118	6	higher	high	ADJ
ajfa-4783	118	7	for	for	ADP
ajfa-4783	118	8	family	family	NOUN
ajfa-4783	118	9	firms	firm	NOUN
ajfa-4783	118	10	that	that	PRON
ajfa-4783	118	11	exhibit	exhibit	VERB
ajfa-4783	118	12	the	the	DET
ajfa-4783	118	13	lowest	low	ADJ
ajfa-4783	118	14	scores	score	NOUN
ajfa-4783	118	15	of	of	ADP
ajfa-4783	118	16	governance	governance	NOUN
ajfa-4783	118	17	.	.	PUNCT
ajfa-4783	119	1	these	these	DET
ajfa-4783	119	2	results	result	NOUN
ajfa-4783	119	3	suggest	suggest	VERB
ajfa-4783	119	4	that	that	SCONJ
ajfa-4783	119	5	the	the	DET
ajfa-4783	119	6	existence	existence	NOUN
ajfa-4783	119	7	of	of	ADP
ajfa-4783	119	8	good	good	ADJ
ajfa-4783	119	9	governance	governance	NOUN
ajfa-4783	119	10	practices	practice	NOUN
ajfa-4783	119	11	exerts	exert	VERB
ajfa-4783	119	12	a	a	DET
ajfa-4783	119	13	negative	negative	ADJ
ajfa-4783	119	14	influence	influence	NOUN
ajfa-4783	119	15	on	on	ADP
ajfa-4783	119	16	performance	performance	NOUN
ajfa-4783	119	17	.	.	PUNCT
ajfa-4783	120	1	this	this	DET
ajfa-4783	120	2	observation	observation	NOUN
ajfa-4783	120	3	can	can	AUX
ajfa-4783	120	4	be	be	AUX
ajfa-4783	120	5	explained	explain	VERB
ajfa-4783	120	6	by	by	ADP
ajfa-4783	120	7	the	the	DET
ajfa-4783	120	8	cost	cost	NOUN
ajfa-4783	120	9	of	of	ADP
ajfa-4783	120	10	implementing	implement	VERB
ajfa-4783	120	11	governance	governance	NOUN
ajfa-4783	120	12	practices	practice	NOUN
ajfa-4783	120	13	that	that	PRON
ajfa-4783	120	14	would	would	AUX
ajfa-4783	120	15	be	be	AUX
ajfa-4783	120	16	greater	great	ADJ
ajfa-4783	120	17	than	than	ADP
ajfa-4783	120	18	the	the	DET
ajfa-4783	120	19	gain	gain	NOUN
ajfa-4783	120	20	in	in	ADP
ajfa-4783	120	21	terms	term	NOUN
ajfa-4783	120	22	of	of	ADP
ajfa-4783	120	23	efficiency	efficiency	NOUN
ajfa-4783	120	24	in	in	ADP
ajfa-4783	120	25	family	family	NOUN
ajfa-4783	120	26	firms	firm	NOUN
ajfa-4783	120	27	.	.	PUNCT
ajfa-4783	121	1	indeed	indeed	ADV
ajfa-4783	121	2	,	,	PUNCT
ajfa-4783	121	3	since	since	SCONJ
ajfa-4783	121	4	these	these	DET
ajfa-4783	121	5	firms	firm	NOUN
ajfa-4783	121	6	are	be	AUX
ajfa-4783	121	7	characterized	characterize	VERB
ajfa-4783	121	8	by	by	ADP
ajfa-4783	121	9	informal	informal	ADJ
ajfa-4783	121	10	governance	governance	NOUN
ajfa-4783	121	11	mechanisms	mechanism	NOUN
ajfa-4783	121	12	,	,	PUNCT
ajfa-4783	121	13	the	the	DET
ajfa-4783	121	14	adjunction	adjunction	NOUN
ajfa-4783	121	15	of	of	ADP
ajfa-4783	121	16	formal	formal	ADJ
ajfa-4783	121	17	mechanisms	mechanism	NOUN
ajfa-4783	121	18	can	can	AUX
ajfa-4783	121	19	be	be	AUX
ajfa-4783	121	20	superfluous	superfluous	ADJ
ajfa-4783	121	21	so	so	SCONJ
ajfa-4783	121	22	that	that	SCONJ
ajfa-4783	121	23	performance	performance	NOUN
ajfa-4783	121	24	is	be	AUX
ajfa-4783	121	25	hampered	hamper	VERB
ajfa-4783	121	26	.	.	PUNCT
ajfa-4783	122	1	however	however	ADV
ajfa-4783	122	2	,	,	PUNCT
ajfa-4783	122	3	we	we	PRON
ajfa-4783	122	4	have	have	VERB
ajfa-4783	122	5	to	to	PART
ajfa-4783	122	6	be	be	AUX
ajfa-4783	122	7	cautious	cautious	ADJ
ajfa-4783	122	8	with	with	ADP
ajfa-4783	122	9	these	these	DET
ajfa-4783	122	10	results	result	NOUN
ajfa-4783	122	11	due	due	ADP
ajfa-4783	122	12	to	to	ADP
ajfa-4783	122	13	the	the	DET
ajfa-4783	122	14	greater	great	ADJ
ajfa-4783	122	15	dispersion	dispersion	NOUN
ajfa-4783	122	16	of	of	ADP
ajfa-4783	122	17	performance	performance	NOUN
ajfa-4783	122	18	in	in	ADP
ajfa-4783	122	19	the	the	DET
ajfa-4783	122	20	two	two	NUM
ajfa-4783	122	21	groups	group	NOUN
ajfa-4783	122	22	.	.	PUNCT
ajfa-4783	123	1	3.2	3.2	NUM
ajfa-4783	123	2	.	.	PUNCT
ajfa-4783	124	1	regressions	regression	NOUN
ajfa-4783	124	2	analysis	analysis	NOUN
ajfa-4783	124	3	the	the	DET
ajfa-4783	124	4	negative	negative	ADJ
ajfa-4783	124	5	influence	influence	NOUN
ajfa-4783	124	6	of	of	ADP
ajfa-4783	124	7	governance	governance	NOUN
ajfa-4783	124	8	on	on	ADP
ajfa-4783	124	9	performance	performance	NOUN
ajfa-4783	124	10	has	have	VERB
ajfa-4783	124	11	to	to	PART
ajfa-4783	124	12	be	be	AUX
ajfa-4783	124	13	deeper	deeply	ADV
ajfa-4783	124	14	analyzed	analyze	VERB
ajfa-4783	124	15	in	in	ADP
ajfa-4783	124	16	order	order	NOUN
ajfa-4783	124	17	to	to	PART
ajfa-4783	124	18	understand	understand	VERB
ajfa-4783	124	19	the	the	DET
ajfa-4783	124	20	origins	origin	NOUN
ajfa-4783	124	21	of	of	ADP
ajfa-4783	124	22	this	this	DET
ajfa-4783	124	23	negative	negative	ADJ
ajfa-4783	124	24	relationship	relationship	NOUN
ajfa-4783	124	25	.	.	PUNCT
ajfa-4783	125	1	in	in	ADP
ajfa-4783	125	2	the	the	DET
ajfa-4783	125	3	present	present	ADJ
ajfa-4783	125	4	sub	sub	NOUN
ajfa-4783	125	5	-	-	NOUN
ajfa-4783	125	6	section	section	NOUN
ajfa-4783	125	7	,	,	PUNCT
ajfa-4783	125	8	regressions	regression	NOUN
ajfa-4783	125	9	are	be	AUX
ajfa-4783	125	10	run	run	VERB
ajfa-4783	125	11	in	in	ADP
ajfa-4783	125	12	order	order	NOUN
ajfa-4783	125	13	to	to	PART
ajfa-4783	125	14	assess	assess	VERB
ajfa-4783	125	15	the	the	DET
ajfa-4783	125	16	influence	influence	NOUN
ajfa-4783	125	17	of	of	ADP
ajfa-4783	125	18	different	different	ADJ
ajfa-4783	125	19	governance	governance	NOUN
ajfa-4783	125	20	practices	practice	NOUN
ajfa-4783	125	21	on	on	ADP
ajfa-4783	125	22	performance	performance	NOUN
ajfa-4783	125	23	.	.	PUNCT
ajfa-4783	126	1	asian	asian	ADJ
ajfa-4783	126	2	journal	journal	PROPN
ajfa-4783	126	3	of	of	ADP
ajfa-4783	126	4	finance	finance	PROPN
ajfa-4783	126	5	&	&	CCONJ
ajfa-4783	126	6	accounting	accounting	PROPN
ajfa-4783	126	7	issn	issn	PROPN
ajfa-4783	126	8	1946	1946	NUM
ajfa-4783	126	9	-	-	PUNCT
ajfa-4783	126	10	052x	052x	PROPN
ajfa-4783	126	11	2014	2014	NUM
ajfa-4783	126	12	,	,	PUNCT
ajfa-4783	126	13	vol	vol	NOUN
ajfa-4783	126	14	.	.	PROPN
ajfa-4783	127	1	6	6	NUM
ajfa-4783	127	2	,	,	PUNCT
ajfa-4783	127	3	no	no	INTJ
ajfa-4783	127	4	.	.	NOUN
ajfa-4783	127	5	1	1	NUM
ajfa-4783	127	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4783	127	7	120	120	NUM
ajfa-4783	127	8	table	table	NOUN
ajfa-4783	127	9	4	4	NUM
ajfa-4783	127	10	.	.	PUNCT
ajfa-4783	128	1	the	the	DET
ajfa-4783	128	2	effect	effect	NOUN
ajfa-4783	128	3	of	of	ADP
ajfa-4783	128	4	governance	governance	NOUN
ajfa-4783	128	5	on	on	ADP
ajfa-4783	128	6	family	family	NOUN
ajfa-4783	128	7	firms	firm	NOUN
ajfa-4783	128	8	’	’	PART
ajfa-4783	128	9	performance	performance	NOUN
ajfa-4783	128	10	performance	performance	NOUN
ajfa-4783	128	11	roa	roa	PROPN
ajfa-4783	128	12	roe	roe	PROPN
ajfa-4783	128	13	constant	constant	PROPN
ajfa-4783	128	14	0.067	0.067	NUM
ajfa-4783	128	15	(	(	PUNCT
ajfa-4783	128	16	0.418	0.418	NUM
ajfa-4783	128	17	)	)	PUNCT
ajfa-4783	128	18	-0.028	-0.028	INTJ
ajfa-4783	128	19	(	(	PUNCT
ajfa-4783	128	20	0.723	0.723	NUM
ajfa-4783	128	21	)	)	PUNCT
ajfa-4783	128	22	board	board	NOUN
ajfa-4783	128	23	composition	composition	NOUN
ajfa-4783	128	24	-0.031	-0.031	PUNCT
ajfa-4783	128	25	(	(	PUNCT
ajfa-4783	128	26	0.338	0.338	NUM
ajfa-4783	128	27	)	)	PUNCT
ajfa-4783	128	28	-0.232	-0.232	X
ajfa-4783	129	1	(	(	PUNCT
ajfa-4783	129	2	0.585	0.585	NUM
ajfa-4783	129	3	)	)	PUNCT
ajfa-4783	129	4	transparency	transparency	NOUN
ajfa-4783	129	5	-0.095	-0.095	NUM
ajfa-4783	129	6	(	(	PUNCT
ajfa-4783	129	7	0.304	0.304	NUM
ajfa-4783	129	8	)	)	PUNCT
ajfa-4783	129	9	-0.192	-0.192	X
ajfa-4783	129	10	(	(	PUNCT
ajfa-4783	129	11	0.526	0.526	NUM
ajfa-4783	129	12	)	)	PUNCT
ajfa-4783	129	13	policies	policy	NOUN
ajfa-4783	129	14	0.103	0.103	NUM
ajfa-4783	129	15	(	(	PUNCT
ajfa-4783	129	16	0.224	0.224	NUM
ajfa-4783	129	17	)	)	PUNCT
ajfa-4783	129	18	0.297	0.297	NUM
ajfa-4783	129	19	(	(	PUNCT
ajfa-4783	129	20	0.388	0.388	NUM
ajfa-4783	129	21	)	)	PUNCT
ajfa-4783	129	22	internal	internal	ADJ
ajfa-4783	129	23	control	control	NOUN
ajfa-4783	129	24	0.019	0.019	NUM
ajfa-4783	129	25	(	(	PUNCT
ajfa-4783	129	26	0.203	0.203	NUM
ajfa-4783	129	27	)	)	PUNCT
ajfa-4783	129	28	0.035	0.035	NUM
ajfa-4783	129	29	(	(	PUNCT
ajfa-4783	129	30	0.351	0.351	NUM
ajfa-4783	129	31	)	)	PUNCT
ajfa-4783	129	32	family	family	NOUN
ajfa-4783	129	33	factors	factor	NOUN
ajfa-4783	129	34	-0.410	-0.410	NUM
ajfa-4783	129	35	(	(	PUNCT
ajfa-4783	129	36	0.403	0.403	NUM
ajfa-4783	129	37	)	)	PUNCT
ajfa-4783	129	38	-1.344	-1.344	PUNCT
ajfa-4783	130	1	*	*	PUNCT
ajfa-4783	130	2	*	*	PUNCT
ajfa-4783	130	3	(	(	PUNCT
ajfa-4783	130	4	0.698	0.698	NUM
ajfa-4783	130	5	)	)	PUNCT
ajfa-4783	130	6	crisis	crisis	NOUN
ajfa-4783	130	7	-0.031	-0.031	PUNCT
ajfa-4783	130	8	(	(	PUNCT
ajfa-4783	130	9	0.028	0.028	NUM
ajfa-4783	130	10	)	)	PUNCT
ajfa-4783	130	11	-0.060	-0.060	NOUN
ajfa-4783	130	12	(	(	PUNCT
ajfa-4783	130	13	0.048	0.048	NUM
ajfa-4783	130	14	)	)	PUNCT
ajfa-4783	130	15	debts	debt	NOUN
ajfa-4783	130	16	-0.138	-0.138	PUNCT
ajfa-4783	130	17	(	(	PUNCT
ajfa-4783	130	18	0.150	0.150	NUM
ajfa-4783	130	19	)	)	PUNCT
ajfa-4783	130	20	-0.165	-0.165	X
ajfa-4783	130	21	(	(	PUNCT
ajfa-4783	130	22	0.261	0.261	NUM
ajfa-4783	130	23	)	)	PUNCT
ajfa-4783	130	24	size	size	NOUN
ajfa-4783	130	25	0.009	0.009	NUM
ajfa-4783	130	26	(	(	PUNCT
ajfa-4783	130	27	0.028	0.028	NUM
ajfa-4783	130	28	)	)	PUNCT
ajfa-4783	130	29	0.027	0.027	NUM
ajfa-4783	130	30	(	(	PUNCT
ajfa-4783	130	31	0.049	0.049	NUM
ajfa-4783	130	32	)	)	PUNCT
ajfa-4783	130	33	age	age	NOUN
ajfa-4783	130	34	0.023	0.023	NUM
ajfa-4783	130	35	(	(	PUNCT
ajfa-4783	130	36	0.388	0.388	NUM
ajfa-4783	130	37	)	)	PUNCT
ajfa-4783	130	38	0.079	0.079	NUM
ajfa-4783	130	39	(	(	PUNCT
ajfa-4783	130	40	0.067	0.067	NUM
ajfa-4783	130	41	)	)	PUNCT
ajfa-4783	130	42	invest	invest	NOUN
ajfa-4783	130	43	-0.000	-0.000	NUM
ajfa-4783	130	44	(	(	PUNCT
ajfa-4783	130	45	0.000	0.000	NUM
ajfa-4783	130	46	)	)	PUNCT
ajfa-4783	130	47	0.000	0.000	NUM
ajfa-4783	131	1	(	(	PUNCT
ajfa-4783	131	2	0.000	0.000	NUM
ajfa-4783	131	3	)	)	PUNCT
ajfa-4783	131	4	sales	sale	NOUN
ajfa-4783	131	5	growth	growth	NOUN
ajfa-4783	131	6	-0.001	-0.001	PUNCT
ajfa-4783	131	7	(	(	PUNCT
ajfa-4783	131	8	0.003	0.003	NUM
ajfa-4783	131	9	)	)	PUNCT
ajfa-4783	131	10	-0.002	-0.002	PUNCT
ajfa-4783	131	11	(	(	PUNCT
ajfa-4783	131	12	0.006	0.006	NUM
ajfa-4783	131	13	)	)	PUNCT
ajfa-4783	131	14	r	r	NOUN
ajfa-4783	131	15	squared	square	VERB
ajfa-4783	131	16	0.3061	0.3061	NUM
ajfa-4783	131	17	0.6178	0.6178	NUM
ajfa-4783	131	18	wald	wald	NOUN
ajfa-4783	131	19	test	test	NOUN
ajfa-4783	131	20	24.35	24.35	NUM
ajfa-4783	131	21	*	*	NOUN
ajfa-4783	131	22	*	*	PUNCT
ajfa-4783	132	1	64.31	64.31	NUM
ajfa-4783	132	2	*	*	PUNCT
ajfa-4783	132	3	*	*	PUNCT
ajfa-4783	132	4	*	*	PUNCT
ajfa-4783	132	5	number	number	NOUN
ajfa-4783	132	6	of	of	ADP
ajfa-4783	132	7	observations	observation	NOUN
ajfa-4783	132	8	40	40	NUM
ajfa-4783	132	9	40	40	NUM
ajfa-4783	132	10	number	number	NOUN
ajfa-4783	132	11	of	of	ADP
ajfa-4783	132	12	firms	firm	NOUN
ajfa-4783	132	13	8	8	NUM
ajfa-4783	132	14	8	8	NUM
ajfa-4783	132	15	*	*	PUNCT
ajfa-4783	132	16	*	*	PUNCT
ajfa-4783	132	17	*	*	PUNCT
ajfa-4783	132	18	,	,	PUNCT
ajfa-4783	132	19	*	*	PUNCT
ajfa-4783	132	20	*	*	PUNCT
ajfa-4783	132	21	,	,	PUNCT
ajfa-4783	132	22	*	*	ADJ
ajfa-4783	132	23	:	:	PUNCT
ajfa-4783	132	24	significant	significant	ADJ
ajfa-4783	132	25	at	at	ADP
ajfa-4783	132	26	1	1	NUM
ajfa-4783	132	27	%	%	NOUN
ajfa-4783	132	28	,	,	PUNCT
ajfa-4783	132	29	5	5	NUM
ajfa-4783	132	30	%	%	NOUN
ajfa-4783	132	31	,	,	PUNCT
ajfa-4783	132	32	and	and	CCONJ
ajfa-4783	132	33	10	10	NUM
ajfa-4783	132	34	%	%	NOUN
ajfa-4783	132	35	respectively	respectively	ADV
ajfa-4783	132	36	.	.	PUNCT
ajfa-4783	133	1	standard	standard	ADJ
ajfa-4783	133	2	errors	error	NOUN
ajfa-4783	133	3	are	be	AUX
ajfa-4783	133	4	within	within	ADP
ajfa-4783	133	5	brackets	bracket	NOUN
ajfa-4783	133	6	.	.	PUNCT
ajfa-4783	134	1	table	table	NOUN
ajfa-4783	134	2	4	4	NUM
ajfa-4783	134	3	indicates	indicate	VERB
ajfa-4783	134	4	that	that	SCONJ
ajfa-4783	134	5	the	the	DET
ajfa-4783	134	6	implementation	implementation	NOUN
ajfa-4783	134	7	of	of	ADP
ajfa-4783	134	8	family	family	NOUN
ajfa-4783	134	9	governance	governance	NOUN
ajfa-4783	134	10	mechanisms	mechanism	NOUN
ajfa-4783	134	11	exerts	exert	VERB
ajfa-4783	134	12	a	a	DET
ajfa-4783	134	13	negative	negative	ADJ
ajfa-4783	134	14	influence	influence	NOUN
ajfa-4783	134	15	on	on	ADP
ajfa-4783	134	16	performance	performance	NOUN
ajfa-4783	134	17	,	,	PUNCT
ajfa-4783	134	18	with	with	ADP
ajfa-4783	134	19	a	a	DET
ajfa-4783	134	20	significant	significant	ADJ
ajfa-4783	134	21	negative	negative	ADJ
ajfa-4783	134	22	relationship	relationship	NOUN
ajfa-4783	134	23	with	with	ADP
ajfa-4783	134	24	roe	roe	PROPN
ajfa-4783	134	25	(	(	PUNCT
ajfa-4783	134	26	p	p	X
ajfa-4783	134	27	<	<	X
ajfa-4783	134	28	.05	.05	NUM
ajfa-4783	134	29	)	)	PUNCT
ajfa-4783	134	30	.	.	PUNCT
ajfa-4783	135	1	however	however	ADV
ajfa-4783	135	2	,	,	PUNCT
ajfa-4783	135	3	our	our	PRON
ajfa-4783	135	4	results	result	NOUN
ajfa-4783	135	5	also	also	ADV
ajfa-4783	135	6	indicate	indicate	VERB
ajfa-4783	135	7	that	that	SCONJ
ajfa-4783	135	8	classic	classic	ADJ
ajfa-4783	135	9	forms	form	NOUN
ajfa-4783	135	10	of	of	ADP
ajfa-4783	135	11	governance	governance	NOUN
ajfa-4783	135	12	do	do	AUX
ajfa-4783	135	13	not	not	PART
ajfa-4783	135	14	have	have	VERB
ajfa-4783	135	15	any	any	DET
ajfa-4783	135	16	impact	impact	NOUN
ajfa-4783	135	17	on	on	ADP
ajfa-4783	135	18	family	family	NOUN
ajfa-4783	135	19	firms	firm	NOUN
ajfa-4783	135	20	’	’	PART
ajfa-4783	135	21	performance	performance	NOUN
ajfa-4783	135	22	.	.	PUNCT
ajfa-4783	136	1	therefore	therefore	ADV
ajfa-4783	136	2	,	,	PUNCT
ajfa-4783	136	3	the	the	DET
ajfa-4783	136	4	implementation	implementation	NOUN
ajfa-4783	136	5	of	of	ADP
ajfa-4783	136	6	family	family	NOUN
ajfa-4783	136	7	governance	governance	NOUN
ajfa-4783	136	8	mechanisms	mechanism	NOUN
ajfa-4783	136	9	can	can	AUX
ajfa-4783	136	10	be	be	AUX
ajfa-4783	136	11	seen	see	VERB
ajfa-4783	136	12	as	as	ADP
ajfa-4783	136	13	detrimental	detrimental	ADJ
ajfa-4783	136	14	to	to	PART
ajfa-4783	136	15	firm	firm	VERB
ajfa-4783	136	16	’s	’s	PART
ajfa-4783	136	17	performance	performance	NOUN
ajfa-4783	136	18	.	.	PUNCT
ajfa-4783	137	1	this	this	DET
ajfa-4783	137	2	observation	observation	NOUN
ajfa-4783	137	3	can	can	AUX
ajfa-4783	137	4	be	be	AUX
ajfa-4783	137	5	asian	asian	ADJ
ajfa-4783	137	6	journal	journal	NOUN
ajfa-4783	137	7	of	of	ADP
ajfa-4783	137	8	finance	finance	PROPN
ajfa-4783	137	9	&	&	CCONJ
ajfa-4783	137	10	accounting	accounting	PROPN
ajfa-4783	137	11	issn	issn	PROPN
ajfa-4783	137	12	1946	1946	NUM
ajfa-4783	137	13	-	-	PUNCT
ajfa-4783	137	14	052x	052x	PROPN
ajfa-4783	137	15	2014	2014	NUM
ajfa-4783	137	16	,	,	PUNCT
ajfa-4783	137	17	vol	vol	NOUN
ajfa-4783	137	18	.	.	PROPN
ajfa-4783	137	19	6	6	NUM
ajfa-4783	137	20	,	,	PUNCT
ajfa-4783	137	21	no	no	INTJ
ajfa-4783	137	22	.	.	NOUN
ajfa-4783	137	23	1	1	NUM
ajfa-4783	137	24	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4783	137	25	121	121	NUM
ajfa-4783	137	26	explained	explain	VERB
ajfa-4783	137	27	by	by	ADP
ajfa-4783	137	28	the	the	DET
ajfa-4783	137	29	superfluous	superfluous	ADJ
ajfa-4783	137	30	cost	cost	NOUN
ajfa-4783	137	31	associated	associate	VERB
ajfa-4783	137	32	with	with	ADP
ajfa-4783	137	33	the	the	DET
ajfa-4783	137	34	implementation	implementation	NOUN
ajfa-4783	137	35	of	of	ADP
ajfa-4783	137	36	formal	formal	ADJ
ajfa-4783	137	37	family	family	NOUN
ajfa-4783	137	38	governance	governance	NOUN
ajfa-4783	137	39	mechanisms	mechanism	NOUN
ajfa-4783	137	40	.	.	PUNCT
ajfa-4783	138	1	indeed	indeed	ADV
ajfa-4783	138	2	,	,	PUNCT
ajfa-4783	138	3	since	since	SCONJ
ajfa-4783	138	4	family	family	NOUN
ajfa-4783	138	5	governance	governance	NOUN
ajfa-4783	138	6	is	be	AUX
ajfa-4783	138	7	usually	usually	ADV
ajfa-4783	138	8	informal	informal	ADJ
ajfa-4783	138	9	(	(	PUNCT
ajfa-4783	138	10	davis	davis	PROPN
ajfa-4783	138	11	et	et	PROPN
ajfa-4783	138	12	al	al	PROPN
ajfa-4783	138	13	.	.	PROPN
ajfa-4783	138	14	,	,	PUNCT
ajfa-4783	138	15	1997	1997	NUM
ajfa-4783	138	16	)	)	PUNCT
ajfa-4783	138	17	,	,	PUNCT
ajfa-4783	138	18	the	the	DET
ajfa-4783	138	19	implementation	implementation	NOUN
ajfa-4783	138	20	of	of	ADP
ajfa-4783	138	21	formal	formal	ADJ
ajfa-4783	138	22	mechanisms	mechanism	NOUN
ajfa-4783	138	23	can	can	AUX
ajfa-4783	138	24	hamper	hamper	VERB
ajfa-4783	138	25	performance	performance	NOUN
ajfa-4783	138	26	.	.	PUNCT
ajfa-4783	139	1	this	this	DET
ajfa-4783	139	2	situation	situation	NOUN
ajfa-4783	139	3	seems	seem	VERB
ajfa-4783	139	4	to	to	PART
ajfa-4783	139	5	confirm	confirm	VERB
ajfa-4783	139	6	that	that	SCONJ
ajfa-4783	139	7	,	,	PUNCT
ajfa-4783	139	8	due	due	ADP
ajfa-4783	139	9	to	to	ADP
ajfa-4783	139	10	their	their	PRON
ajfa-4783	139	11	identification	identification	NOUN
ajfa-4783	139	12	with	with	ADP
ajfa-4783	139	13	the	the	DET
ajfa-4783	139	14	organization	organization	NOUN
ajfa-4783	139	15	,	,	PUNCT
ajfa-4783	139	16	family	family	NOUN
ajfa-4783	139	17	principals	principal	NOUN
ajfa-4783	139	18	are	be	AUX
ajfa-4783	139	19	likely	likely	ADJ
ajfa-4783	139	20	to	to	PART
ajfa-4783	139	21	adopt	adopt	VERB
ajfa-4783	139	22	governance	governance	NOUN
ajfa-4783	139	23	mechanisms	mechanism	NOUN
ajfa-4783	139	24	in	in	ADP
ajfa-4783	139	25	order	order	NOUN
ajfa-4783	139	26	to	to	PART
ajfa-4783	139	27	improve	improve	VERB
ajfa-4783	139	28	the	the	DET
ajfa-4783	139	29	perception	perception	NOUN
ajfa-4783	139	30	of	of	ADP
ajfa-4783	139	31	their	their	PRON
ajfa-4783	139	32	image	image	NOUN
ajfa-4783	139	33	so	so	SCONJ
ajfa-4783	139	34	that	that	SCONJ
ajfa-4783	139	35	their	their	PRON
ajfa-4783	139	36	socioemotional	socioemotional	ADJ
ajfa-4783	139	37	endowment	endowment	NOUN
ajfa-4783	139	38	is	be	AUX
ajfa-4783	139	39	preserved	preserve	VERB
ajfa-4783	139	40	even	even	ADV
ajfa-4783	139	41	if	if	SCONJ
ajfa-4783	139	42	it	it	PRON
ajfa-4783	139	43	impedes	impede	VERB
ajfa-4783	139	44	value	value	NOUN
ajfa-4783	139	45	creation	creation	NOUN
ajfa-4783	139	46	(	(	PUNCT
ajfa-4783	139	47	gomez	gomez	PROPN
ajfa-4783	139	48	-	-	PUNCT
ajfa-4783	139	49	mejia	mejia	PROPN
ajfa-4783	139	50	et	et	PROPN
ajfa-4783	139	51	al	al	PROPN
ajfa-4783	139	52	.	.	PROPN
ajfa-4783	139	53	,	,	PUNCT
ajfa-4783	139	54	2007	2007	NUM
ajfa-4783	139	55	)	)	PUNCT
ajfa-4783	139	56	.	.	PUNCT
ajfa-4783	140	1	however	however	ADV
ajfa-4783	140	2	,	,	PUNCT
ajfa-4783	140	3	lower	low	ADJ
ajfa-4783	140	4	performance	performance	NOUN
ajfa-4783	140	5	is	be	AUX
ajfa-4783	140	6	likely	likely	ADJ
ajfa-4783	140	7	to	to	PART
ajfa-4783	140	8	threaten	threaten	VERB
ajfa-4783	140	9	the	the	DET
ajfa-4783	140	10	socioemotional	socioemotional	ADJ
ajfa-4783	140	11	wealth	wealth	NOUN
ajfa-4783	140	12	of	of	ADP
ajfa-4783	140	13	family	family	NOUN
ajfa-4783	140	14	principals	principal	NOUN
ajfa-4783	140	15	(	(	PUNCT
ajfa-4783	140	16	gomez	gomez	PROPN
ajfa-4783	140	17	-	-	PUNCT
ajfa-4783	140	18	mejia	mejia	PROPN
ajfa-4783	140	19	et	et	PROPN
ajfa-4783	140	20	al	al	PROPN
ajfa-4783	140	21	.	.	PROPN
ajfa-4783	140	22	,	,	PUNCT
ajfa-4783	140	23	2007	2007	NUM
ajfa-4783	140	24	)	)	PUNCT
ajfa-4783	140	25	.	.	PUNCT
ajfa-4783	141	1	therefore	therefore	ADV
ajfa-4783	141	2	,	,	PUNCT
ajfa-4783	141	3	we	we	PRON
ajfa-4783	141	4	distinguish	distinguish	VERB
ajfa-4783	141	5	family	family	NOUN
ajfa-4783	141	6	firms	firm	NOUN
ajfa-4783	141	7	according	accord	VERB
ajfa-4783	141	8	to	to	ADP
ajfa-4783	141	9	their	their	PRON
ajfa-4783	141	10	levels	level	NOUN
ajfa-4783	141	11	of	of	ADP
ajfa-4783	141	12	performance	performance	NOUN
ajfa-4783	141	13	in	in	ADP
ajfa-4783	141	14	order	order	NOUN
ajfa-4783	141	15	to	to	PART
ajfa-4783	141	16	see	see	VERB
ajfa-4783	141	17	if	if	SCONJ
ajfa-4783	141	18	performance	performance	NOUN
ajfa-4783	141	19	can	can	AUX
ajfa-4783	141	20	have	have	VERB
ajfa-4783	141	21	an	an	DET
ajfa-4783	141	22	influence	influence	NOUN
ajfa-4783	141	23	on	on	ADP
ajfa-4783	141	24	the	the	DET
ajfa-4783	141	25	adoption	adoption	NOUN
ajfa-4783	141	26	of	of	ADP
ajfa-4783	141	27	formal	formal	ADJ
ajfa-4783	141	28	governance	governance	NOUN
ajfa-4783	141	29	mechanisms	mechanism	NOUN
ajfa-4783	141	30	in	in	ADP
ajfa-4783	141	31	the	the	DET
ajfa-4783	141	32	firm	firm	NOUN
ajfa-4783	141	33	.	.	PUNCT
ajfa-4783	142	1	group	group	NOUN
ajfa-4783	142	2	c	c	PROPN
ajfa-4783	142	3	gathers	gather	VERB
ajfa-4783	142	4	together	together	ADV
ajfa-4783	142	5	family	family	NOUN
ajfa-4783	142	6	firms	firm	NOUN
ajfa-4783	142	7	displaying	display	VERB
ajfa-4783	142	8	the	the	DET
ajfa-4783	142	9	highest	high	ADJ
ajfa-4783	142	10	levels	level	NOUN
ajfa-4783	142	11	of	of	ADP
ajfa-4783	142	12	performance	performance	NOUN
ajfa-4783	142	13	and	and	CCONJ
ajfa-4783	142	14	group	group	NOUN
ajfa-4783	142	15	d	d	NOUN
ajfa-4783	142	16	brings	bring	VERB
ajfa-4783	142	17	together	together	ADV
ajfa-4783	142	18	family	family	NOUN
ajfa-4783	142	19	businesses	business	NOUN
ajfa-4783	142	20	presenting	present	VERB
ajfa-4783	142	21	the	the	DET
ajfa-4783	142	22	lowest	low	ADJ
ajfa-4783	142	23	levels	level	NOUN
ajfa-4783	142	24	of	of	ADP
ajfa-4783	142	25	performance	performance	NOUN
ajfa-4783	142	26	.	.	PUNCT
ajfa-4783	143	1	this	this	DET
ajfa-4783	143	2	comparison	comparison	NOUN
ajfa-4783	143	3	is	be	AUX
ajfa-4783	143	4	illustrated	illustrate	VERB
ajfa-4783	143	5	in	in	ADP
ajfa-4783	143	6	table	table	NOUN
ajfa-4783	143	7	5	5	NUM
ajfa-4783	143	8	.	.	PUNCT
ajfa-4783	143	9	table	table	NOUN
ajfa-4783	143	10	5	5	NUM
ajfa-4783	143	11	.	.	PUNCT
ajfa-4783	144	1	influence	influence	NOUN
ajfa-4783	144	2	of	of	ADP
ajfa-4783	144	3	performance	performance	NOUN
ajfa-4783	144	4	(	(	PUNCT
ajfa-4783	144	5	roa	roa	NOUN
ajfa-4783	144	6	/	/	SYM
ajfa-4783	144	7	roe	roe	NOUN
ajfa-4783	144	8	)	)	PUNCT
ajfa-4783	144	9	on	on	ADP
ajfa-4783	144	10	governance	governance	NOUN
ajfa-4783	144	11	practices	practice	NOUN
ajfa-4783	144	12	group	group	NOUN
ajfa-4783	144	13	c	c	PROPN
ajfa-4783	144	14	group	group	PROPN
ajfa-4783	144	15	d	d	NOUN
ajfa-4783	144	16	mean	mean	PROPN
ajfa-4783	144	17	max	max	PROPN
ajfa-4783	144	18	min	min	PROPN
ajfa-4783	144	19	mean	mean	PROPN
ajfa-4783	144	20	max	max	PROPN
ajfa-4783	144	21	min	min	PROPN
ajfa-4783	144	22	roa	roa	PROPN
ajfa-4783	144	23	and	and	CCONJ
ajfa-4783	144	24	governance	governance	NOUN
ajfa-4783	144	25	score	score	NOUN
ajfa-4783	145	1	30.75	30.75	NUM
ajfa-4783	145	2	41	41	NUM
ajfa-4783	145	3	15	15	NUM
ajfa-4783	145	4	37.75	37.75	NUM
ajfa-4783	145	5	41	41	NUM
ajfa-4783	145	6	36	36	NUM
ajfa-4783	145	7	roe	roe	NOUN
ajfa-4783	145	8	and	and	CCONJ
ajfa-4783	145	9	governance	governance	NOUN
ajfa-4783	145	10	score	score	NOUN
ajfa-4783	145	11	29.5	29.5	NUM
ajfa-4783	145	12	41	41	NUM
ajfa-4783	145	13	15	15	NUM
ajfa-4783	145	14	39	39	NUM
ajfa-4783	145	15	41	41	NUM
ajfa-4783	145	16	36	36	NUM
ajfa-4783	145	17	table	table	NOUN
ajfa-4783	145	18	5	5	NUM
ajfa-4783	145	19	suggests	suggest	VERB
ajfa-4783	145	20	that	that	SCONJ
ajfa-4783	145	21	performance	performance	NOUN
ajfa-4783	145	22	is	be	AUX
ajfa-4783	145	23	negatively	negatively	ADV
ajfa-4783	145	24	associated	associate	VERB
ajfa-4783	145	25	with	with	ADP
ajfa-4783	145	26	the	the	DET
ajfa-4783	145	27	implementation	implementation	NOUN
ajfa-4783	145	28	of	of	ADP
ajfa-4783	145	29	good	good	ADJ
ajfa-4783	145	30	governance	governance	NOUN
ajfa-4783	145	31	practices	practice	NOUN
ajfa-4783	145	32	.	.	PUNCT
ajfa-4783	146	1	indeed	indeed	ADV
ajfa-4783	146	2	,	,	PUNCT
ajfa-4783	146	3	we	we	PRON
ajfa-4783	146	4	see	see	VERB
ajfa-4783	146	5	that	that	SCONJ
ajfa-4783	146	6	family	family	NOUN
ajfa-4783	146	7	firms	firm	NOUN
ajfa-4783	146	8	displaying	display	VERB
ajfa-4783	146	9	the	the	DET
ajfa-4783	146	10	highest	high	ADJ
ajfa-4783	146	11	levels	level	NOUN
ajfa-4783	146	12	of	of	ADP
ajfa-4783	146	13	performance	performance	NOUN
ajfa-4783	146	14	are	be	AUX
ajfa-4783	146	15	characterized	characterize	VERB
ajfa-4783	146	16	by	by	ADP
ajfa-4783	146	17	the	the	DET
ajfa-4783	146	18	lowest	low	ADJ
ajfa-4783	146	19	scores	score	NOUN
ajfa-4783	146	20	of	of	ADP
ajfa-4783	146	21	governance	governance	NOUN
ajfa-4783	146	22	.	.	PUNCT
ajfa-4783	147	1	this	this	DET
ajfa-4783	147	2	situation	situation	NOUN
ajfa-4783	147	3	can	can	AUX
ajfa-4783	147	4	be	be	AUX
ajfa-4783	147	5	explained	explain	VERB
ajfa-4783	147	6	the	the	DET
ajfa-4783	147	7	fact	fact	NOUN
ajfa-4783	147	8	that	that	SCONJ
ajfa-4783	147	9	high	high	ADV
ajfa-4783	147	10	-	-	PUNCT
ajfa-4783	147	11	performing	perform	VERB
ajfa-4783	147	12	family	family	NOUN
ajfa-4783	147	13	firms	firm	NOUN
ajfa-4783	147	14	do	do	AUX
ajfa-4783	147	15	not	not	PART
ajfa-4783	147	16	have	have	AUX
ajfa-4783	147	17	an	an	DET
ajfa-4783	147	18	incentive	incentive	NOUN
ajfa-4783	147	19	to	to	PART
ajfa-4783	147	20	provide	provide	VERB
ajfa-4783	147	21	external	external	ADJ
ajfa-4783	147	22	investors	investor	NOUN
ajfa-4783	147	23	with	with	ADP
ajfa-4783	147	24	information	information	NOUN
ajfa-4783	147	25	related	relate	VERB
ajfa-4783	147	26	to	to	ADP
ajfa-4783	147	27	governance	governance	NOUN
ajfa-4783	147	28	.	.	PUNCT
ajfa-4783	148	1	indeed	indeed	ADV
ajfa-4783	148	2	,	,	PUNCT
ajfa-4783	148	3	due	due	ADP
ajfa-4783	148	4	to	to	ADP
ajfa-4783	148	5	their	their	PRON
ajfa-4783	148	6	higher	high	ADJ
ajfa-4783	148	7	levels	level	NOUN
ajfa-4783	148	8	of	of	ADP
ajfa-4783	148	9	performance	performance	NOUN
ajfa-4783	148	10	,	,	PUNCT
ajfa-4783	148	11	they	they	PRON
ajfa-4783	148	12	do	do	AUX
ajfa-4783	148	13	not	not	PART
ajfa-4783	148	14	have	have	VERB
ajfa-4783	148	15	to	to	PART
ajfa-4783	148	16	improve	improve	VERB
ajfa-4783	148	17	the	the	DET
ajfa-4783	148	18	perception	perception	NOUN
ajfa-4783	148	19	of	of	ADP
ajfa-4783	148	20	their	their	PRON
ajfa-4783	148	21	image	image	NOUN
ajfa-4783	148	22	by	by	ADP
ajfa-4783	148	23	external	external	ADJ
ajfa-4783	148	24	stakeholders	stakeholder	NOUN
ajfa-4783	148	25	.	.	PUNCT
ajfa-4783	149	1	however	however	ADV
ajfa-4783	149	2	,	,	PUNCT
ajfa-4783	149	3	when	when	SCONJ
ajfa-4783	149	4	their	their	PRON
ajfa-4783	149	5	performance	performance	NOUN
ajfa-4783	149	6	becomes	become	VERB
ajfa-4783	149	7	weaker	weak	ADJ
ajfa-4783	149	8	,	,	PUNCT
ajfa-4783	149	9	they	they	PRON
ajfa-4783	149	10	can	can	AUX
ajfa-4783	149	11	be	be	AUX
ajfa-4783	149	12	tempted	tempt	VERB
ajfa-4783	149	13	to	to	PART
ajfa-4783	149	14	disclose	disclose	VERB
ajfa-4783	149	15	more	more	ADJ
ajfa-4783	149	16	information	information	NOUN
ajfa-4783	149	17	related	relate	VERB
ajfa-4783	149	18	to	to	ADP
ajfa-4783	149	19	corporate	corporate	ADJ
ajfa-4783	149	20	governance	governance	NOUN
ajfa-4783	149	21	and	and	CCONJ
ajfa-4783	149	22	to	to	PART
ajfa-4783	149	23	implement	implement	VERB
ajfa-4783	149	24	governance	governance	NOUN
ajfa-4783	149	25	mechanisms	mechanism	NOUN
ajfa-4783	149	26	in	in	ADP
ajfa-4783	149	27	order	order	NOUN
ajfa-4783	149	28	to	to	PART
ajfa-4783	149	29	reassure	reassure	VERB
ajfa-4783	149	30	external	external	ADJ
ajfa-4783	149	31	stakeholders	stakeholder	NOUN
ajfa-4783	149	32	.	.	PUNCT
ajfa-4783	150	1	accordingly	accordingly	ADV
ajfa-4783	150	2	,	,	PUNCT
ajfa-4783	150	3	information	information	NOUN
ajfa-4783	150	4	disclosure	disclosure	NOUN
ajfa-4783	150	5	related	relate	VERB
ajfa-4783	150	6	to	to	ADP
ajfa-4783	150	7	governance	governance	NOUN
ajfa-4783	150	8	practices	practice	NOUN
ajfa-4783	150	9	and	and	CCONJ
ajfa-4783	150	10	their	their	PRON
ajfa-4783	150	11	implementation	implementation	NOUN
ajfa-4783	150	12	is	be	AUX
ajfa-4783	150	13	more	more	ADV
ajfa-4783	150	14	economically	economically	ADV
ajfa-4783	150	15	driven	drive	VERB
ajfa-4783	150	16	than	than	ADP
ajfa-4783	150	17	relationally	relationally	ADV
ajfa-4783	150	18	oriented	orient	VERB
ajfa-4783	150	19	.	.	PUNCT
ajfa-4783	151	1	as	as	ADP
ajfa-4783	151	2	a	a	DET
ajfa-4783	151	3	result	result	NOUN
ajfa-4783	151	4	,	,	PUNCT
ajfa-4783	151	5	it	it	PRON
ajfa-4783	151	6	can	can	AUX
ajfa-4783	151	7	be	be	AUX
ajfa-4783	151	8	argued	argue	VERB
ajfa-4783	151	9	that	that	SCONJ
ajfa-4783	151	10	the	the	DET
ajfa-4783	151	11	willingness	willingness	NOUN
ajfa-4783	151	12	to	to	PART
ajfa-4783	151	13	opportunistically	opportunistically	ADV
ajfa-4783	151	14	preserve	preserve	VERB
ajfa-4783	151	15	the	the	DET
ajfa-4783	151	16	image	image	NOUN
ajfa-4783	151	17	of	of	ADP
ajfa-4783	151	18	the	the	DET
ajfa-4783	151	19	company	company	NOUN
ajfa-4783	151	20	can	can	AUX
ajfa-4783	151	21	be	be	AUX
ajfa-4783	151	22	seen	see	VERB
ajfa-4783	151	23	as	as	ADP
ajfa-4783	151	24	an	an	DET
ajfa-4783	151	25	economic	economic	ADJ
ajfa-4783	151	26	objective	objective	NOUN
ajfa-4783	151	27	.	.	PUNCT
ajfa-4783	152	1	as	as	ADP
ajfa-4783	152	2	such	such	ADJ
ajfa-4783	152	3	,	,	PUNCT
ajfa-4783	152	4	these	these	DET
ajfa-4783	152	5	results	result	NOUN
ajfa-4783	152	6	confirm	confirm	VERB
ajfa-4783	152	7	that	that	SCONJ
ajfa-4783	152	8	economically	economically	ADV
ajfa-4783	152	9	driven	drive	VERB
ajfa-4783	152	10	decisions	decision	NOUN
ajfa-4783	152	11	can	can	AUX
ajfa-4783	152	12	be	be	AUX
ajfa-4783	152	13	taken	take	VERB
ajfa-4783	152	14	in	in	ADP
ajfa-4783	152	15	order	order	NOUN
ajfa-4783	152	16	to	to	PART
ajfa-4783	152	17	preserve	preserve	VERB
ajfa-4783	152	18	the	the	DET
ajfa-4783	152	19	socioemotional	socioemotional	ADJ
ajfa-4783	152	20	endowments	endowment	NOUN
ajfa-4783	152	21	of	of	ADP
ajfa-4783	152	22	family	family	NOUN
ajfa-4783	152	23	owners	owner	NOUN
ajfa-4783	152	24	when	when	SCONJ
ajfa-4783	152	25	the	the	DET
ajfa-4783	152	26	continuity	continuity	NOUN
ajfa-4783	152	27	of	of	ADP
ajfa-4783	152	28	the	the	DET
ajfa-4783	152	29	firm	firm	NOUN
ajfa-4783	152	30	is	be	AUX
ajfa-4783	152	31	threatened	threaten	VERB
ajfa-4783	152	32	(	(	PUNCT
ajfa-4783	152	33	gomez	gomez	PROPN
ajfa-4783	152	34	-	-	PUNCT
ajfa-4783	152	35	mejia	mejia	PROPN
ajfa-4783	152	36	et	et	PROPN
ajfa-4783	152	37	al	al	PROPN
ajfa-4783	152	38	.	.	PROPN
ajfa-4783	152	39	,	,	PUNCT
ajfa-4783	152	40	2007	2007	NUM
ajfa-4783	152	41	;	;	PUNCT
ajfa-4783	152	42	chrisman	chrisman	PROPN
ajfa-4783	152	43	and	and	CCONJ
ajfa-4783	152	44	patel	patel	PROPN
ajfa-4783	152	45	,	,	PUNCT
ajfa-4783	152	46	2012	2012	NUM
ajfa-4783	152	47	)	)	PUNCT
ajfa-4783	152	48	.	.	PUNCT
ajfa-4783	153	1	conclusion	conclusion	VERB
ajfa-4783	153	2	the	the	DET
ajfa-4783	153	3	main	main	ADJ
ajfa-4783	153	4	purpose	purpose	NOUN
ajfa-4783	153	5	of	of	ADP
ajfa-4783	153	6	this	this	DET
ajfa-4783	153	7	paper	paper	NOUN
ajfa-4783	153	8	was	be	AUX
ajfa-4783	153	9	to	to	PART
ajfa-4783	153	10	analyze	analyze	VERB
ajfa-4783	153	11	the	the	DET
ajfa-4783	153	12	influence	influence	NOUN
ajfa-4783	153	13	of	of	ADP
ajfa-4783	153	14	corporate	corporate	ADJ
ajfa-4783	153	15	governance	governance	NOUN
ajfa-4783	153	16	on	on	ADP
ajfa-4783	153	17	performance	performance	NOUN
ajfa-4783	153	18	in	in	ADP
ajfa-4783	153	19	listed	list	VERB
ajfa-4783	153	20	family	family	NOUN
ajfa-4783	153	21	firms	firm	NOUN
ajfa-4783	153	22	.	.	PUNCT
ajfa-4783	154	1	indeed	indeed	ADV
ajfa-4783	154	2	,	,	PUNCT
ajfa-4783	154	3	these	these	DET
ajfa-4783	154	4	organizations	organization	NOUN
ajfa-4783	154	5	are	be	AUX
ajfa-4783	154	6	characterized	characterize	VERB
ajfa-4783	154	7	by	by	ADP
ajfa-4783	154	8	several	several	ADJ
ajfa-4783	154	9	asian	asian	ADJ
ajfa-4783	154	10	journal	journal	NOUN
ajfa-4783	154	11	of	of	ADP
ajfa-4783	154	12	finance	finance	PROPN
ajfa-4783	154	13	&	&	CCONJ
ajfa-4783	154	14	accounting	accounting	PROPN
ajfa-4783	154	15	issn	issn	PROPN
ajfa-4783	154	16	1946	1946	NUM
ajfa-4783	154	17	-	-	PUNCT
ajfa-4783	154	18	052x	052x	PROPN
ajfa-4783	154	19	2014	2014	NUM
ajfa-4783	154	20	,	,	PUNCT
ajfa-4783	154	21	vol	vol	NOUN
ajfa-4783	154	22	.	.	PROPN
ajfa-4783	154	23	6	6	NUM
ajfa-4783	154	24	,	,	PUNCT
ajfa-4783	154	25	no	no	INTJ
ajfa-4783	154	26	.	.	NOUN
ajfa-4783	154	27	1	1	NUM
ajfa-4783	154	28	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4783	154	29	122	122	NUM
ajfa-4783	154	30	particularities	particularity	NOUN
ajfa-4783	154	31	that	that	PRON
ajfa-4783	154	32	make	make	VERB
ajfa-4783	154	33	them	they	PRON
ajfa-4783	154	34	a	a	DET
ajfa-4783	154	35	unique	unique	ADJ
ajfa-4783	154	36	setting	setting	NOUN
ajfa-4783	154	37	to	to	PART
ajfa-4783	154	38	investigate	investigate	VERB
ajfa-4783	154	39	governance	governance	NOUN
ajfa-4783	154	40	(	(	PUNCT
ajfa-4783	154	41	melin	melin	NOUN
ajfa-4783	154	42	and	and	CCONJ
ajfa-4783	154	43	nordqvist	nordqvist	PROPN
ajfa-4783	154	44	,	,	PUNCT
ajfa-4783	154	45	2000	2000	NUM
ajfa-4783	154	46	)	)	PUNCT
ajfa-4783	154	47	.	.	PUNCT
ajfa-4783	155	1	indeed	indeed	ADV
ajfa-4783	155	2	,	,	PUNCT
ajfa-4783	155	3	the	the	DET
ajfa-4783	155	4	pursuit	pursuit	NOUN
ajfa-4783	155	5	of	of	ADP
ajfa-4783	155	6	socioemotional	socioemotional	ADJ
ajfa-4783	155	7	goals	goal	NOUN
ajfa-4783	155	8	such	such	ADJ
ajfa-4783	155	9	as	as	ADP
ajfa-4783	155	10	the	the	DET
ajfa-4783	155	11	preservation	preservation	NOUN
ajfa-4783	155	12	of	of	ADP
ajfa-4783	155	13	the	the	DET
ajfa-4783	155	14	family	family	NOUN
ajfa-4783	155	15	image	image	NOUN
ajfa-4783	155	16	is	be	AUX
ajfa-4783	155	17	likely	likely	ADJ
ajfa-4783	155	18	to	to	PART
ajfa-4783	155	19	affect	affect	VERB
ajfa-4783	155	20	decisions	decision	NOUN
ajfa-4783	155	21	related	relate	VERB
ajfa-4783	155	22	to	to	ADP
ajfa-4783	155	23	the	the	DET
ajfa-4783	155	24	implementation	implementation	NOUN
ajfa-4783	155	25	of	of	ADP
ajfa-4783	155	26	governance	governance	NOUN
ajfa-4783	155	27	mechanism	mechanism	NOUN
ajfa-4783	155	28	(	(	PUNCT
ajfa-4783	155	29	gomez	gomez	PROPN
ajfa-4783	155	30	-	-	PUNCT
ajfa-4783	155	31	mejia	mejia	PROPN
ajfa-4783	155	32	et	et	PROPN
ajfa-4783	155	33	al	al	PROPN
ajfa-4783	155	34	.	.	PROPN
ajfa-4783	155	35	,	,	PUNCT
ajfa-4783	155	36	2007	2007	NUM
ajfa-4783	155	37	)	)	PUNCT
ajfa-4783	155	38	.	.	PUNCT
ajfa-4783	156	1	accordingly	accordingly	ADV
ajfa-4783	156	2	,	,	PUNCT
ajfa-4783	156	3	although	although	SCONJ
ajfa-4783	156	4	formal	formal	ADJ
ajfa-4783	156	5	governance	governance	NOUN
ajfa-4783	156	6	mechanisms	mechanism	NOUN
ajfa-4783	156	7	could	could	AUX
ajfa-4783	156	8	be	be	AUX
ajfa-4783	156	9	superfluous	superfluous	ADJ
ajfa-4783	156	10	in	in	ADP
ajfa-4783	156	11	family	family	NOUN
ajfa-4783	156	12	firms	firm	NOUN
ajfa-4783	156	13	(	(	PUNCT
ajfa-4783	156	14	davis	davis	PROPN
ajfa-4783	156	15	et	et	PROPN
ajfa-4783	156	16	al	al	PROPN
ajfa-4783	156	17	.	.	PROPN
ajfa-4783	156	18	,	,	PUNCT
ajfa-4783	156	19	1997	1997	NUM
ajfa-4783	156	20	)	)	PUNCT
ajfa-4783	156	21	,	,	PUNCT
ajfa-4783	156	22	family	family	NOUN
ajfa-4783	156	23	principals	principal	NOUN
ajfa-4783	156	24	are	be	AUX
ajfa-4783	156	25	likely	likely	ADJ
ajfa-4783	156	26	to	to	PART
ajfa-4783	156	27	engage	engage	VERB
ajfa-4783	156	28	in	in	ADP
ajfa-4783	156	29	the	the	DET
ajfa-4783	156	30	elaboration	elaboration	NOUN
ajfa-4783	156	31	of	of	ADP
ajfa-4783	156	32	formal	formal	ADJ
ajfa-4783	156	33	governance	governance	NOUN
ajfa-4783	156	34	practices	practice	NOUN
ajfa-4783	156	35	even	even	ADV
ajfa-4783	156	36	if	if	SCONJ
ajfa-4783	156	37	it	it	PRON
ajfa-4783	156	38	induces	induce	VERB
ajfa-4783	156	39	weaker	weak	ADJ
ajfa-4783	156	40	performance	performance	NOUN
ajfa-4783	156	41	.	.	PUNCT
ajfa-4783	157	1	indeed	indeed	ADV
ajfa-4783	157	2	,	,	PUNCT
ajfa-4783	157	3	the	the	DET
ajfa-4783	157	4	perception	perception	NOUN
ajfa-4783	157	5	of	of	ADP
ajfa-4783	157	6	internal	internal	ADJ
ajfa-4783	157	7	and	and	CCONJ
ajfa-4783	157	8	external	external	ADJ
ajfa-4783	157	9	stakeholders	stakeholder	NOUN
ajfa-4783	157	10	is	be	AUX
ajfa-4783	157	11	an	an	DET
ajfa-4783	157	12	important	important	ADJ
ajfa-4783	157	13	issue	issue	NOUN
ajfa-4783	157	14	in	in	ADP
ajfa-4783	157	15	family	family	NOUN
ajfa-4783	157	16	firms	firm	NOUN
ajfa-4783	157	17	.	.	PUNCT
ajfa-4783	158	1	our	our	PRON
ajfa-4783	158	2	results	result	NOUN
ajfa-4783	158	3	confirm	confirm	VERB
ajfa-4783	158	4	that	that	SCONJ
ajfa-4783	158	5	the	the	DET
ajfa-4783	158	6	existence	existence	NOUN
ajfa-4783	158	7	of	of	ADP
ajfa-4783	158	8	formal	formal	ADJ
ajfa-4783	158	9	governance	governance	NOUN
ajfa-4783	158	10	mechanisms	mechanism	NOUN
ajfa-4783	158	11	is	be	AUX
ajfa-4783	158	12	negatively	negatively	ADV
ajfa-4783	158	13	associated	associate	VERB
ajfa-4783	158	14	with	with	ADP
ajfa-4783	158	15	family	family	NOUN
ajfa-4783	158	16	firms	firm	NOUN
ajfa-4783	158	17	’	’	PART
ajfa-4783	158	18	performance	performance	NOUN
ajfa-4783	158	19	.	.	PUNCT
ajfa-4783	159	1	more	more	ADV
ajfa-4783	159	2	specifically	specifically	ADV
ajfa-4783	159	3	,	,	PUNCT
ajfa-4783	159	4	family	family	NOUN
ajfa-4783	159	5	governance	governance	NOUN
ajfa-4783	159	6	mechanisms	mechanism	NOUN
ajfa-4783	159	7	exert	exert	VERB
ajfa-4783	159	8	a	a	DET
ajfa-4783	159	9	significant	significant	ADJ
ajfa-4783	159	10	negative	negative	ADJ
ajfa-4783	159	11	influence	influence	NOUN
ajfa-4783	159	12	on	on	ADP
ajfa-4783	159	13	firm	firm	NOUN
ajfa-4783	159	14	’s	’s	PART
ajfa-4783	159	15	performance	performance	NOUN
ajfa-4783	159	16	.	.	PUNCT
ajfa-4783	160	1	based	base	VERB
ajfa-4783	160	2	on	on	ADP
ajfa-4783	160	3	this	this	DET
ajfa-4783	160	4	observation	observation	NOUN
ajfa-4783	160	5	,	,	PUNCT
ajfa-4783	160	6	it	it	PRON
ajfa-4783	160	7	can	can	AUX
ajfa-4783	160	8	be	be	AUX
ajfa-4783	160	9	argued	argue	VERB
ajfa-4783	160	10	that	that	SCONJ
ajfa-4783	160	11	family	family	NOUN
ajfa-4783	160	12	firms	firm	NOUN
ajfa-4783	160	13	implement	implement	VERB
ajfa-4783	160	14	costly	costly	ADJ
ajfa-4783	160	15	family	family	NOUN
ajfa-4783	160	16	governance	governance	NOUN
ajfa-4783	160	17	mechanisms	mechanism	NOUN
ajfa-4783	160	18	because	because	SCONJ
ajfa-4783	160	19	decision	decision	NOUN
ajfa-4783	160	20	-	-	PUNCT
ajfa-4783	160	21	making	making	NOUN
ajfa-4783	160	22	is	be	AUX
ajfa-4783	160	23	also	also	ADV
ajfa-4783	160	24	driven	drive	VERB
ajfa-4783	160	25	by	by	ADP
ajfa-4783	160	26	non	non	ADJ
ajfa-4783	160	27	-	-	ADJ
ajfa-4783	160	28	economic	economic	ADJ
ajfa-4783	160	29	goals	goal	NOUN
ajfa-4783	160	30	such	such	ADJ
ajfa-4783	160	31	as	as	ADP
ajfa-4783	160	32	the	the	DET
ajfa-4783	160	33	willingness	willingness	NOUN
ajfa-4783	160	34	to	to	PART
ajfa-4783	160	35	perpetuate	perpetuate	VERB
ajfa-4783	160	36	a	a	DET
ajfa-4783	160	37	good	good	ADJ
ajfa-4783	160	38	family	family	NOUN
ajfa-4783	160	39	image	image	NOUN
ajfa-4783	160	40	(	(	PUNCT
ajfa-4783	160	41	berrone	berrone	NOUN
ajfa-4783	160	42	et	et	NOUN
ajfa-4783	160	43	al	al	PROPN
ajfa-4783	160	44	.	.	PROPN
ajfa-4783	160	45	,	,	PUNCT
ajfa-4783	160	46	2010	2010	NUM
ajfa-4783	160	47	)	)	PUNCT
ajfa-4783	160	48	.	.	PUNCT
ajfa-4783	161	1	however	however	ADV
ajfa-4783	161	2	,	,	PUNCT
ajfa-4783	161	3	we	we	PRON
ajfa-4783	161	4	also	also	ADV
ajfa-4783	161	5	state	state	VERB
ajfa-4783	161	6	that	that	SCONJ
ajfa-4783	161	7	low	low	ADV
ajfa-4783	161	8	-	-	PUNCT
ajfa-4783	161	9	performing	perform	VERB
ajfa-4783	161	10	family	family	NOUN
ajfa-4783	161	11	firms	firm	NOUN
ajfa-4783	161	12	tend	tend	VERB
ajfa-4783	161	13	to	to	PART
ajfa-4783	161	14	implement	implement	VERB
ajfa-4783	161	15	more	more	ADV
ajfa-4783	161	16	formal	formal	ADJ
ajfa-4783	161	17	governance	governance	NOUN
ajfa-4783	161	18	mechanisms	mechanism	NOUN
ajfa-4783	161	19	.	.	PUNCT
ajfa-4783	162	1	in	in	ADP
ajfa-4783	162	2	such	such	DET
ajfa-4783	162	3	a	a	DET
ajfa-4783	162	4	context	context	NOUN
ajfa-4783	162	5	,	,	PUNCT
ajfa-4783	162	6	the	the	DET
ajfa-4783	162	7	socioemotional	socioemotional	ADJ
ajfa-4783	162	8	wealth	wealth	NOUN
ajfa-4783	162	9	of	of	ADP
ajfa-4783	162	10	family	family	NOUN
ajfa-4783	162	11	principals	principal	NOUN
ajfa-4783	162	12	is	be	AUX
ajfa-4783	162	13	threatened	threaten	VERB
ajfa-4783	162	14	by	by	ADP
ajfa-4783	162	15	weak	weak	ADJ
ajfa-4783	162	16	performance	performance	NOUN
ajfa-4783	162	17	so	so	SCONJ
ajfa-4783	162	18	that	that	SCONJ
ajfa-4783	162	19	decisions	decision	NOUN
ajfa-4783	162	20	are	be	AUX
ajfa-4783	162	21	more	more	ADV
ajfa-4783	162	22	economically	economically	ADV
ajfa-4783	162	23	driven	drive	VERB
ajfa-4783	162	24	(	(	PUNCT
ajfa-4783	162	25	gomez	gomez	PROPN
ajfa-4783	162	26	-	-	PUNCT
ajfa-4783	162	27	mejia	mejia	PROPN
ajfa-4783	162	28	et	et	PROPN
ajfa-4783	162	29	al	al	PROPN
ajfa-4783	162	30	.	.	PROPN
ajfa-4783	162	31	,	,	PUNCT
ajfa-4783	162	32	2007	2007	NUM
ajfa-4783	162	33	)	)	PUNCT
ajfa-4783	162	34	.	.	PUNCT
ajfa-4783	163	1	consequently	consequently	ADV
ajfa-4783	163	2	,	,	PUNCT
ajfa-4783	163	3	it	it	PRON
ajfa-4783	163	4	can	can	AUX
ajfa-4783	163	5	be	be	AUX
ajfa-4783	163	6	argued	argue	VERB
ajfa-4783	163	7	that	that	SCONJ
ajfa-4783	163	8	,	,	PUNCT
ajfa-4783	163	9	when	when	SCONJ
ajfa-4783	163	10	socioemotional	socioemotional	ADJ
ajfa-4783	163	11	endowment	endowment	NOUN
ajfa-4783	163	12	is	be	AUX
ajfa-4783	163	13	threatened	threaten	VERB
ajfa-4783	163	14	,	,	PUNCT
ajfa-4783	163	15	family	family	NOUN
ajfa-4783	163	16	firms	firm	NOUN
ajfa-4783	163	17	are	be	AUX
ajfa-4783	163	18	more	more	ADV
ajfa-4783	163	19	likely	likely	ADJ
ajfa-4783	163	20	to	to	PART
ajfa-4783	163	21	invest	invest	VERB
ajfa-4783	163	22	in	in	ADP
ajfa-4783	163	23	the	the	DET
ajfa-4783	163	24	implementation	implementation	NOUN
ajfa-4783	163	25	of	of	ADP
ajfa-4783	163	26	governance	governance	NOUN
ajfa-4783	163	27	mechanisms	mechanism	NOUN
ajfa-4783	163	28	in	in	ADP
ajfa-4783	163	29	order	order	NOUN
ajfa-4783	163	30	to	to	PART
ajfa-4783	163	31	reassure	reassure	VERB
ajfa-4783	163	32	stakeholders	stakeholder	NOUN
ajfa-4783	163	33	such	such	ADJ
ajfa-4783	163	34	as	as	ADP
ajfa-4783	163	35	external	external	ADJ
ajfa-4783	163	36	investors	investor	NOUN
ajfa-4783	163	37	.	.	PUNCT
ajfa-4783	164	1	although	although	SCONJ
ajfa-4783	164	2	these	these	DET
ajfa-4783	164	3	decisions	decision	NOUN
ajfa-4783	164	4	are	be	AUX
ajfa-4783	164	5	more	more	ADV
ajfa-4783	164	6	economically	economically	ADV
ajfa-4783	164	7	driven	drive	VERB
ajfa-4783	164	8	,	,	PUNCT
ajfa-4783	164	9	they	they	PRON
ajfa-4783	164	10	are	be	AUX
ajfa-4783	164	11	necessary	necessary	ADJ
ajfa-4783	164	12	to	to	PART
ajfa-4783	164	13	preserve	preserve	VERB
ajfa-4783	164	14	the	the	DET
ajfa-4783	164	15	future	future	NOUN
ajfa-4783	164	16	of	of	ADP
ajfa-4783	164	17	the	the	DET
ajfa-4783	164	18	company	company	NOUN
ajfa-4783	164	19	so	so	SCONJ
ajfa-4783	164	20	that	that	SCONJ
ajfa-4783	164	21	we	we	PRON
ajfa-4783	164	22	observe	observe	VERB
ajfa-4783	164	23	a	a	DET
ajfa-4783	164	24	convergence	convergence	NOUN
ajfa-4783	164	25	between	between	ADP
ajfa-4783	164	26	economic	economic	ADJ
ajfa-4783	164	27	and	and	CCONJ
ajfa-4783	164	28	non	non	ADJ
ajfa-4783	164	29	-	-	ADJ
ajfa-4783	164	30	economic	economic	ADJ
ajfa-4783	164	31	goals	goal	NOUN
ajfa-4783	164	32	when	when	SCONJ
ajfa-4783	164	33	the	the	DET
ajfa-4783	164	34	socioemotional	socioemotional	ADJ
ajfa-4783	164	35	endowment	endowment	NOUN
ajfa-4783	164	36	is	be	AUX
ajfa-4783	164	37	threatened	threaten	VERB
ajfa-4783	164	38	(	(	PUNCT
ajfa-4783	164	39	chrisman	chrisman	PROPN
ajfa-4783	164	40	and	and	CCONJ
ajfa-4783	164	41	patel	patel	PROPN
ajfa-4783	164	42	,	,	PUNCT
ajfa-4783	164	43	2012	2012	NUM
ajfa-4783	164	44	)	)	PUNCT
ajfa-4783	164	45	.	.	PUNCT
ajfa-4783	165	1	as	as	ADP
ajfa-4783	165	2	such	such	ADJ
ajfa-4783	165	3	,	,	PUNCT
ajfa-4783	165	4	our	our	PRON
ajfa-4783	165	5	results	result	NOUN
ajfa-4783	165	6	illustrate	illustrate	VERB
ajfa-4783	165	7	that	that	SCONJ
ajfa-4783	165	8	family	family	NOUN
ajfa-4783	165	9	firms	firm	NOUN
ajfa-4783	165	10	tend	tend	VERB
ajfa-4783	165	11	to	to	PART
ajfa-4783	165	12	take	take	VERB
ajfa-4783	165	13	decisions	decision	NOUN
ajfa-4783	165	14	that	that	PRON
ajfa-4783	165	15	are	be	AUX
ajfa-4783	165	16	not	not	PART
ajfa-4783	165	17	always	always	ADV
ajfa-4783	165	18	economically	economically	ADV
ajfa-4783	165	19	driven	drive	VERB
ajfa-4783	165	20	excepted	except	VERB
ajfa-4783	165	21	when	when	SCONJ
ajfa-4783	165	22	firm	firm	NOUN
ajfa-4783	165	23	’s	’s	PART
ajfa-4783	165	24	continuity	continuity	NOUN
ajfa-4783	165	25	is	be	AUX
ajfa-4783	165	26	in	in	ADP
ajfa-4783	165	27	danger	danger	NOUN
ajfa-4783	165	28	.	.	PUNCT
ajfa-4783	166	1	our	our	PRON
ajfa-4783	166	2	research	research	NOUN
ajfa-4783	166	3	presents	present	VERB
ajfa-4783	166	4	several	several	ADJ
ajfa-4783	166	5	limitations	limitation	NOUN
ajfa-4783	166	6	.	.	PUNCT
ajfa-4783	167	1	first	first	ADV
ajfa-4783	167	2	,	,	PUNCT
ajfa-4783	167	3	our	our	PRON
ajfa-4783	167	4	sample	sample	NOUN
ajfa-4783	167	5	is	be	AUX
ajfa-4783	167	6	small	small	ADJ
ajfa-4783	167	7	and	and	CCONJ
ajfa-4783	167	8	does	do	AUX
ajfa-4783	167	9	not	not	PART
ajfa-4783	167	10	enable	enable	VERB
ajfa-4783	167	11	to	to	PART
ajfa-4783	167	12	generalize	generalize	VERB
ajfa-4783	167	13	our	our	PRON
ajfa-4783	167	14	findings	finding	NOUN
ajfa-4783	167	15	.	.	PUNCT
ajfa-4783	168	1	therefore	therefore	ADV
ajfa-4783	168	2	,	,	PUNCT
ajfa-4783	168	3	this	this	DET
ajfa-4783	168	4	paper	paper	NOUN
ajfa-4783	168	5	can	can	AUX
ajfa-4783	168	6	be	be	AUX
ajfa-4783	168	7	seen	see	VERB
ajfa-4783	168	8	as	as	ADP
ajfa-4783	168	9	an	an	DET
ajfa-4783	168	10	attempt	attempt	NOUN
ajfa-4783	168	11	to	to	PART
ajfa-4783	168	12	give	give	VERB
ajfa-4783	168	13	new	new	ADJ
ajfa-4783	168	14	insights	insight	NOUN
ajfa-4783	168	15	regarding	regard	VERB
ajfa-4783	168	16	the	the	DET
ajfa-4783	168	17	role	role	NOUN
ajfa-4783	168	18	of	of	ADP
ajfa-4783	168	19	governance	governance	NOUN
ajfa-4783	168	20	in	in	ADP
ajfa-4783	168	21	family	family	NOUN
ajfa-4783	168	22	firms	firm	NOUN
ajfa-4783	168	23	and	and	CCONJ
ajfa-4783	168	24	to	to	PART
ajfa-4783	168	25	draw	draw	VERB
ajfa-4783	168	26	attention	attention	NOUN
ajfa-4783	168	27	on	on	ADP
ajfa-4783	168	28	the	the	DET
ajfa-4783	168	29	importance	importance	NOUN
ajfa-4783	168	30	dedicated	dedicate	VERB
ajfa-4783	168	31	to	to	ADP
ajfa-4783	168	32	non	non	ADJ
ajfa-4783	168	33	-	-	ADJ
ajfa-4783	168	34	economic	economic	ADJ
ajfa-4783	168	35	goals	goal	NOUN
ajfa-4783	168	36	.	.	PUNCT
ajfa-4783	169	1	future	future	NOUN
ajfa-4783	169	2	could	could	AUX
ajfa-4783	169	3	thus	thus	ADV
ajfa-4783	169	4	replicate	replicate	VERB
ajfa-4783	169	5	our	our	PRON
ajfa-4783	169	6	method	method	NOUN
ajfa-4783	169	7	and	and	CCONJ
ajfa-4783	169	8	use	use	VERB
ajfa-4783	169	9	our	our	PRON
ajfa-4783	169	10	analysis	analysis	NOUN
ajfa-4783	169	11	grid	grid	NOUN
ajfa-4783	169	12	of	of	ADP
ajfa-4783	169	13	governance	governance	NOUN
ajfa-4783	169	14	in	in	ADP
ajfa-4783	169	15	order	order	NOUN
ajfa-4783	169	16	to	to	PART
ajfa-4783	169	17	see	see	VERB
ajfa-4783	169	18	if	if	SCONJ
ajfa-4783	169	19	our	our	PRON
ajfa-4783	169	20	findings	finding	NOUN
ajfa-4783	169	21	can	can	AUX
ajfa-4783	169	22	be	be	AUX
ajfa-4783	169	23	verified	verify	VERB
ajfa-4783	169	24	in	in	ADP
ajfa-4783	169	25	other	other	ADJ
ajfa-4783	169	26	institutional	institutional	ADJ
ajfa-4783	169	27	settings	setting	NOUN
ajfa-4783	169	28	.	.	PUNCT
ajfa-4783	170	1	second	second	ADV
ajfa-4783	170	2	,	,	PUNCT
ajfa-4783	170	3	we	we	PRON
ajfa-4783	170	4	do	do	AUX
ajfa-4783	170	5	not	not	PART
ajfa-4783	170	6	take	take	VERB
ajfa-4783	170	7	into	into	ADP
ajfa-4783	170	8	account	account	NOUN
ajfa-4783	170	9	generational	generational	ADJ
ajfa-4783	170	10	issues	issue	NOUN
ajfa-4783	170	11	in	in	ADP
ajfa-4783	170	12	family	family	NOUN
ajfa-4783	170	13	firms	firm	NOUN
ajfa-4783	170	14	even	even	ADV
ajfa-4783	170	15	if	if	SCONJ
ajfa-4783	170	16	the	the	PRON
ajfa-4783	170	17	can	can	AUX
ajfa-4783	170	18	have	have	AUX
ajfa-4783	170	19	affect	affect	VERB
ajfa-4783	170	20	the	the	DET
ajfa-4783	170	21	importance	importance	NOUN
ajfa-4783	170	22	given	give	VERB
ajfa-4783	170	23	to	to	ADP
ajfa-4783	170	24	socioemotional	socioemotional	ADJ
ajfa-4783	170	25	wealth	wealth	NOUN
ajfa-4783	170	26	by	by	ADP
ajfa-4783	170	27	family	family	NOUN
ajfa-4783	170	28	principals	principal	NOUN
ajfa-4783	170	29	(	(	PUNCT
ajfa-4783	170	30	gomez	gomez	PROPN
ajfa-4783	170	31	-	-	PUNCT
ajfa-4783	170	32	mejia	mejia	PROPN
ajfa-4783	170	33	et	et	PROPN
ajfa-4783	170	34	al	al	PROPN
ajfa-4783	170	35	.	.	PROPN
ajfa-4783	170	36	,	,	PUNCT
ajfa-4783	170	37	2007	2007	NUM
ajfa-4783	170	38	)	)	PUNCT
ajfa-4783	170	39	.	.	PUNCT
ajfa-4783	171	1	accordingly	accordingly	ADV
ajfa-4783	171	2	,	,	PUNCT
ajfa-4783	171	3	future	future	ADJ
ajfa-4783	171	4	investigation	investigation	NOUN
ajfa-4783	171	5	could	could	AUX
ajfa-4783	171	6	integrate	integrate	VERB
ajfa-4783	171	7	this	this	DET
ajfa-4783	171	8	parameter	parameter	NOUN
ajfa-4783	171	9	in	in	ADP
ajfa-4783	171	10	order	order	NOUN
ajfa-4783	171	11	to	to	PART
ajfa-4783	171	12	see	see	VERB
ajfa-4783	171	13	if	if	SCONJ
ajfa-4783	171	14	the	the	DET
ajfa-4783	171	15	implementation	implementation	NOUN
ajfa-4783	171	16	of	of	ADP
ajfa-4783	171	17	governance	governance	NOUN
ajfa-4783	171	18	mechanism	mechanism	NOUN
ajfa-4783	171	19	is	be	AUX
ajfa-4783	171	20	associated	associate	VERB
ajfa-4783	171	21	with	with	ADP
ajfa-4783	171	22	the	the	DET
ajfa-4783	171	23	evolution	evolution	NOUN
ajfa-4783	171	24	of	of	ADP
ajfa-4783	171	25	the	the	DET
ajfa-4783	171	26	socioemotional	socioemotional	ADJ
ajfa-4783	171	27	construct	construct	NOUN
ajfa-4783	171	28	over	over	ADP
ajfa-4783	171	29	time	time	NOUN
ajfa-4783	171	30	.	.	PUNCT
ajfa-4783	172	1	references	reference	NOUN
ajfa-4783	172	2	allouche	allouche	PROPN
ajfa-4783	172	3	,	,	PUNCT
ajfa-4783	172	4	j.	j.	PROPN
ajfa-4783	172	5	,	,	PUNCT
ajfa-4783	172	6	amann	amann	PROPN
ajfa-4783	172	7	,	,	PUNCT
ajfa-4783	172	8	b.	b.	PROPN
ajfa-4783	172	9	(	(	PUNCT
ajfa-4783	172	10	1998	1998	NUM
ajfa-4783	172	11	)	)	PUNCT
ajfa-4783	172	12	.	.	PUNCT
ajfa-4783	173	1	la	la	PROPN
ajfa-4783	173	2	confiance	confiance	PROPN
ajfa-4783	173	3	:	:	PUNCT
ajfa-4783	173	4	une	une	PROPN
ajfa-4783	173	5	explication	explication	PROPN
ajfa-4783	173	6	des	des	PROPN
ajfa-4783	173	7	performances	performances	PROPN
ajfa-4783	173	8	des	des	PROPN
ajfa-4783	173	9	entreprises	entreprise	NOUN
ajfa-4783	173	10	familiales	familiale	NOUN
ajfa-4783	173	11	.	.	PUNCT
ajfa-4783	174	1	revue	revue	PROPN
ajfa-4783	174	2	economie	economie	PROPN
ajfa-4783	174	3	et	et	PROPN
ajfa-4783	174	4	société	société	PROPN
ajfa-4783	174	5	,	,	PUNCT
ajfa-4783	174	6	8(9	8(9	NUM
ajfa-4783	174	7	)	)	PUNCT
ajfa-4783	174	8	,	,	PUNCT
ajfa-4783	174	9	129	129	NUM
ajfa-4783	174	10	-	-	SYM
ajfa-4783	174	11	154	154	NUM
ajfa-4783	174	12	.	.	PUNCT
ajfa-4783	175	1	amir	amir	PROPN
ajfa-4783	175	2	,	,	PUNCT
ajfa-4783	175	3	l.	l.	PROPN
ajfa-4783	175	4	(	(	PUNCT
ajfa-4783	175	5	2007	2007	NUM
ajfa-4783	175	6	)	)	PUNCT
ajfa-4783	175	7	.	.	PUNCT
ajfa-4783	176	1	les	les	PROPN
ajfa-4783	176	2	pratiques	pratiques	X
ajfa-4783	176	3	de	de	X
ajfa-4783	176	4	gouvernance	gouvernance	PROPN
ajfa-4783	176	5	et	et	PROPN
ajfa-4783	176	6	la	la	PROPN
ajfa-4783	176	7	performance	performance	PROPN
ajfa-4783	176	8	des	des	PROPN
ajfa-4783	176	9	entreprises	entreprise	NOUN
ajfa-4783	176	10	françaises	françaises	PROPN
ajfa-4783	176	11	.	.	PUNCT
ajfa-4783	177	1	xvième	xvième	PROPN
ajfa-4783	178	1	conférence	conférence	PROPN
ajfa-4783	178	2	de	de	PROPN
ajfa-4783	178	3	l’aims	l’aims	PROPN
ajfa-4783	178	4	,	,	PUNCT
ajfa-4783	178	5	montréal	montréal	PROPN
ajfa-4783	178	6	(	(	PUNCT
ajfa-4783	178	7	canada	canada	PROPN
ajfa-4783	178	8	)	)	PUNCT
ajfa-4783	178	9	,	,	PUNCT
ajfa-4783	178	10	2007	2007	NUM
ajfa-4783	178	11	,	,	PUNCT
ajfa-4783	178	12	6	6	NUM
ajfa-4783	178	13	-	-	SYM
ajfa-4783	178	14	9	9	NUM
ajfa-4783	178	15	june	june	PROPN
ajfa-4783	178	16	.	.	PUNCT
ajfa-4783	179	1	asian	asian	ADJ
ajfa-4783	179	2	journal	journal	PROPN
ajfa-4783	179	3	of	of	ADP
ajfa-4783	179	4	finance	finance	PROPN
ajfa-4783	179	5	&	&	CCONJ
ajfa-4783	179	6	accounting	accounting	PROPN
ajfa-4783	179	7	issn	issn	PROPN
ajfa-4783	179	8	1946	1946	NUM
ajfa-4783	179	9	-	-	PUNCT
ajfa-4783	179	10	052x	052x	PROPN
ajfa-4783	179	11	2014	2014	NUM
ajfa-4783	179	12	,	,	PUNCT
ajfa-4783	179	13	vol	vol	NOUN
ajfa-4783	179	14	.	.	PROPN
ajfa-4783	180	1	6	6	NUM
ajfa-4783	180	2	,	,	PUNCT
ajfa-4783	180	3	no	no	INTJ
ajfa-4783	180	4	.	.	NOUN
ajfa-4783	180	5	1	1	NUM
ajfa-4783	180	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4783	180	7	123	123	NUM
ajfa-4783	180	8	anderson	anderson	PROPN
ajfa-4783	180	9	,	,	PUNCT
ajfa-4783	180	10	r.	r.	PROPN
ajfa-4783	180	11	c.	c.	PROPN
ajfa-4783	180	12	,	,	PUNCT
ajfa-4783	180	13	&	&	CCONJ
ajfa-4783	180	14	reeb	reeb	PROPN
ajfa-4783	180	15	,	,	PUNCT
ajfa-4783	180	16	d.	d.	PROPN
ajfa-4783	180	17	m.	m.	PROPN
ajfa-4783	180	18	(	(	PUNCT
ajfa-4783	180	19	2003	2003	NUM
ajfa-4783	180	20	)	)	PUNCT
ajfa-4783	180	21	.	.	PUNCT
ajfa-4783	181	1	founding‐family	founding‐family	ADV
ajfa-4783	181	2	ownership	ownership	NOUN
ajfa-4783	181	3	and	and	CCONJ
ajfa-4783	181	4	firm	firm	ADJ
ajfa-4783	181	5	performance	performance	NOUN
ajfa-4783	181	6	:	:	PUNCT
ajfa-4783	181	7	evidence	evidence	NOUN
ajfa-4783	181	8	from	from	ADP
ajfa-4783	181	9	the	the	DET
ajfa-4783	181	10	s&p	s&p	PROPN
ajfa-4783	181	11	500	500	NUM
ajfa-4783	181	12	.	.	PUNCT
ajfa-4783	182	1	the	the	DET
ajfa-4783	182	2	journal	journal	NOUN
ajfa-4783	182	3	of	of	ADP
ajfa-4783	182	4	finance	finance	NOUN
ajfa-4783	182	5	,	,	PUNCT
ajfa-4783	182	6	58(3	58(3	NUM
ajfa-4783	182	7	)	)	PUNCT
ajfa-4783	182	8	,	,	PUNCT
ajfa-4783	182	9	1301	1301	NUM
ajfa-4783	182	10	-	-	SYM
ajfa-4783	182	11	1327	1327	NUM
ajfa-4783	182	12	.	.	PUNCT
ajfa-4783	183	1	http://dx.doi.org/10.1111/1540-6261.00567	http://dx.doi.org/10.1111/1540-6261.00567	PROPN
ajfa-4783	183	2	andres	andres	PROPN
ajfa-4783	183	3	,	,	PUNCT
ajfa-4783	183	4	c.	c.	PROPN
ajfa-4783	183	5	(	(	PUNCT
ajfa-4783	183	6	2008	2008	NUM
ajfa-4783	183	7	)	)	PUNCT
ajfa-4783	183	8	.	.	PUNCT
ajfa-4783	184	1	large	large	ADJ
ajfa-4783	184	2	shareholders	shareholder	NOUN
ajfa-4783	184	3	and	and	CCONJ
ajfa-4783	184	4	firm	firm	ADJ
ajfa-4783	184	5	performance	performance	NOUN
ajfa-4783	184	6	an	an	DET
ajfa-4783	184	7	empirical	empirical	ADJ
ajfa-4783	184	8	examination	examination	NOUN
ajfa-4783	184	9	of	of	ADP
ajfa-4783	184	10	founding	found	VERB
ajfa-4783	184	11	-	-	PUNCT
ajfa-4783	184	12	family	family	NOUN
ajfa-4783	184	13	ownership	ownership	NOUN
ajfa-4783	184	14	.	.	PUNCT
ajfa-4783	184	15	journal	journal	NOUN
ajfa-4783	184	16	of	of	ADP
ajfa-4783	184	17	corporate	corporate	ADJ
ajfa-4783	184	18	finance	finance	NOUN
ajfa-4783	184	19	,	,	PUNCT
ajfa-4783	184	20	14(4	14(4	NUM
ajfa-4783	184	21	)	)	PUNCT
ajfa-4783	184	22	,	,	PUNCT
ajfa-4783	184	23	431	431	NUM
ajfa-4783	184	24	-	-	SYM
ajfa-4783	184	25	445	445	NUM
ajfa-4783	184	26	.	.	PUNCT
ajfa-4783	185	1	http://dx.doi.org/10.1016/j.jcorpfin.2008.05.003	http://dx.doi.org/10.1016/j.jcorpfin.2008.05.003	PROPN
ajfa-4783	185	2	barontini	barontini	PROPN
ajfa-4783	185	3	,	,	PUNCT
ajfa-4783	185	4	r.	r.	PROPN
ajfa-4783	185	5	,	,	PUNCT
ajfa-4783	185	6	&	&	CCONJ
ajfa-4783	185	7	caprio	caprio	PROPN
ajfa-4783	185	8	,	,	PUNCT
ajfa-4783	185	9	l.	l.	PROPN
ajfa-4783	185	10	(	(	PUNCT
ajfa-4783	185	11	2006	2006	NUM
ajfa-4783	185	12	)	)	PUNCT
ajfa-4783	185	13	.	.	PUNCT
ajfa-4783	186	1	the	the	DET
ajfa-4783	186	2	effect	effect	NOUN
ajfa-4783	186	3	of	of	ADP
ajfa-4783	186	4	family	family	NOUN
ajfa-4783	186	5	control	control	NOUN
ajfa-4783	186	6	on	on	ADP
ajfa-4783	186	7	firm	firm	ADJ
ajfa-4783	186	8	value	value	NOUN
ajfa-4783	186	9	and	and	CCONJ
ajfa-4783	186	10	performance	performance	NOUN
ajfa-4783	186	11	:	:	PUNCT
ajfa-4783	186	12	evidence	evidence	NOUN
ajfa-4783	186	13	from	from	ADP
ajfa-4783	186	14	continental	continental	PROPN
ajfa-4783	186	15	europe	europe	PROPN
ajfa-4783	186	16	.	.	PUNCT
ajfa-4783	187	1	european	european	ADJ
ajfa-4783	187	2	financial	financial	ADJ
ajfa-4783	187	3	management	management	NOUN
ajfa-4783	187	4	,	,	PUNCT
ajfa-4783	187	5	12	12	NUM
ajfa-4783	187	6	,	,	PUNCT
ajfa-4783	187	7	689	689	NUM
ajfa-4783	187	8	-	-	SYM
ajfa-4783	187	9	723	723	NUM
ajfa-4783	187	10	.	.	PUNCT
ajfa-4783	188	1	http://dx.doi.org/10.1111/j.1468-036x.2006.00273.x	http://dx.doi.org/10.1111/j.1468-036x.2006.00273.x	NOUN
ajfa-4783	188	2	berrone	berrone	NOUN
ajfa-4783	188	3	,	,	PUNCT
ajfa-4783	188	4	p.	p.	PROPN
ajfa-4783	188	5	,	,	PUNCT
ajfa-4783	188	6	cruz	cruz	PROPN
ajfa-4783	188	7	,	,	PUNCT
ajfa-4783	188	8	c.	c.	PROPN
ajfa-4783	188	9	,	,	PUNCT
ajfa-4783	188	10	gomez	gomez	PROPN
ajfa-4783	188	11	-	-	PUNCT
ajfa-4783	188	12	mejia	mejia	PROPN
ajfa-4783	188	13	,	,	PUNCT
ajfa-4783	188	14	l.	l.	PROPN
ajfa-4783	188	15	r.	r.	PROPN
ajfa-4783	188	16	,	,	PUNCT
ajfa-4783	188	17	&	&	CCONJ
ajfa-4783	188	18	larraza	larraza	PROPN
ajfa-4783	188	19	-	-	PUNCT
ajfa-4783	188	20	kintana	kintana	PROPN
ajfa-4783	188	21	,	,	PUNCT
ajfa-4783	188	22	m.	m.	NOUN
ajfa-4783	188	23	(	(	PUNCT
ajfa-4783	188	24	2010	2010	NUM
ajfa-4783	188	25	)	)	PUNCT
ajfa-4783	188	26	.	.	PUNCT
ajfa-4783	189	1	socioemotional	socioemotional	ADJ
ajfa-4783	189	2	wealth	wealth	NOUN
ajfa-4783	189	3	and	and	CCONJ
ajfa-4783	189	4	corporate	corporate	ADJ
ajfa-4783	189	5	responses	response	NOUN
ajfa-4783	189	6	to	to	ADP
ajfa-4783	189	7	institutional	institutional	ADJ
ajfa-4783	189	8	pressures	pressure	NOUN
ajfa-4783	189	9	:	:	PUNCT
ajfa-4783	189	10	do	do	AUX
ajfa-4783	189	11	family	family	NOUN
ajfa-4783	189	12	-	-	PUNCT
ajfa-4783	189	13	controlled	control	VERB
ajfa-4783	189	14	firms	firm	NOUN
ajfa-4783	189	15	pollute	pollute	VERB
ajfa-4783	189	16	less	less	ADV
ajfa-4783	189	17	?	?	PUNCT
ajfa-4783	190	1	administrative	administrative	ADJ
ajfa-4783	190	2	science	science	PROPN
ajfa-4783	190	3	quarterly	quarterly	ADJ
ajfa-4783	190	4	,	,	PUNCT
ajfa-4783	190	5	55(1	55(1	NOUN
ajfa-4783	190	6	)	)	PUNCT
ajfa-4783	190	7	,	,	PUNCT
ajfa-4783	190	8	82	82	NUM
ajfa-4783	190	9	-	-	SYM
ajfa-4783	190	10	113	113	NUM
ajfa-4783	190	11	.	.	PUNCT
ajfa-4783	191	1	http://dx.doi.org/10.2189/asqu.2010.55.1.82	http://dx.doi.org/10.2189/asqu.2010.55.1.82	PROPN
ajfa-4783	191	2	bughin	bughin	PROPN
ajfa-4783	191	3	,	,	PUNCT
ajfa-4783	191	4	c.	c.	PROPN
ajfa-4783	191	5	,	,	PUNCT
ajfa-4783	191	6	&	&	CCONJ
ajfa-4783	191	7	colot	colot	NOUN
ajfa-4783	191	8	,	,	PUNCT
ajfa-4783	191	9	o.	o.	NOUN
ajfa-4783	191	10	(	(	PUNCT
ajfa-4783	191	11	2008	2008	NUM
ajfa-4783	191	12	)	)	PUNCT
ajfa-4783	191	13	.	.	PUNCT
ajfa-4783	192	1	la	la	PROPN
ajfa-4783	192	2	performance	performance	PROPN
ajfa-4783	192	3	des	des	PROPN
ajfa-4783	192	4	pme	pme	PROPN
ajfa-4783	192	5	familiales	familiale	NOUN
ajfa-4783	192	6	belges	belge	NOUN
ajfa-4783	192	7	:	:	PUNCT
ajfa-4783	192	8	une	une	PROPN
ajfa-4783	192	9	étude	étude	PROPN
ajfa-4783	192	10	empirique	empirique	PROPN
ajfa-4783	192	11	.	.	PUNCT
ajfa-4783	193	1	revue	revue	PROPN
ajfa-4783	193	2	française	française	PROPN
ajfa-4783	193	3	de	de	X
ajfa-4783	193	4	gestion	gestion	PROPN
ajfa-4783	193	5	,	,	PUNCT
ajfa-4783	193	6	34(186	34(186	PROPN
ajfa-4783	193	7	)	)	PUNCT
ajfa-4783	193	8	,	,	PUNCT
ajfa-4783	193	9	1	1	NUM
ajfa-4783	193	10	-	-	SYM
ajfa-4783	193	11	17	17	NUM
ajfa-4783	193	12	.	.	PUNCT
ajfa-4783	194	1	http://dx.doi.org/10.3166/rfg.186.1-17	http://dx.doi.org/10.3166/rfg.186.1-17	NUM
ajfa-4783	194	2	carney	carney	PROPN
ajfa-4783	194	3	,	,	PUNCT
ajfa-4783	194	4	m.	m.	NOUN
ajfa-4783	194	5	(	(	PUNCT
ajfa-4783	194	6	2005	2005	NUM
ajfa-4783	194	7	)	)	PUNCT
ajfa-4783	194	8	.	.	PUNCT
ajfa-4783	195	1	corporate	corporate	ADJ
ajfa-4783	195	2	governance	governance	NOUN
ajfa-4783	195	3	and	and	CCONJ
ajfa-4783	195	4	competitive	competitive	ADJ
ajfa-4783	195	5	advantage	advantage	NOUN
ajfa-4783	195	6	in	in	ADP
ajfa-4783	195	7	family	family	NOUN
ajfa-4783	195	8	-	-	PUNCT
ajfa-4783	195	9	controlled	control	VERB
ajfa-4783	195	10	firms	firm	NOUN
ajfa-4783	195	11	.	.	PUNCT
ajfa-4783	196	1	entrepreneurship	entrepreneurship	NOUN
ajfa-4783	196	2	theory	theory	NOUN
ajfa-4783	196	3	and	and	CCONJ
ajfa-4783	196	4	practice	practice	NOUN
ajfa-4783	196	5	,	,	PUNCT
ajfa-4783	196	6	19(3	19(3	NUM
ajfa-4783	196	7	)	)	PUNCT
ajfa-4783	196	8	,	,	PUNCT
ajfa-4783	196	9	249	249	NUM
ajfa-4783	196	10	-	-	SYM
ajfa-4783	196	11	265	265	NUM
ajfa-4783	196	12	.	.	PUNCT
ajfa-4783	197	1	http://dx.doi.org/10.1111/j.1540-6520.2005.00081.x	http://dx.doi.org/10.1111/j.1540-6520.2005.00081.x	PROPN
ajfa-4783	197	2	chrisman	chrisman	PROPN
ajfa-4783	197	3	,	,	PUNCT
ajfa-4783	197	4	j.	j.	PROPN
ajfa-4783	197	5	j.	j.	PROPN
ajfa-4783	197	6	,	,	PUNCT
ajfa-4783	197	7	patel	patel	PROPN
ajfa-4783	197	8	,	,	PUNCT
ajfa-4783	197	9	p.	p.	PROPN
ajfa-4783	197	10	c.	c.	PROPN
ajfa-4783	197	11	(	(	PUNCT
ajfa-4783	197	12	2012	2012	NUM
ajfa-4783	197	13	)	)	PUNCT
ajfa-4783	197	14	.	.	PUNCT
ajfa-4783	198	1	variations	variation	NOUN
ajfa-4783	198	2	in	in	ADP
ajfa-4783	198	3	r&d	r&d	NOUN
ajfa-4783	198	4	investments	investment	NOUN
ajfa-4783	198	5	of	of	ADP
ajfa-4783	198	6	family	family	NOUN
ajfa-4783	198	7	and	and	CCONJ
ajfa-4783	198	8	nonfamily	nonfamily	NOUN
ajfa-4783	198	9	firms	firm	NOUN
ajfa-4783	198	10	:	:	PUNCT
ajfa-4783	198	11	behavioral	behavioral	ADJ
ajfa-4783	198	12	agency	agency	NOUN
ajfa-4783	198	13	and	and	CCONJ
ajfa-4783	198	14	myopic	myopic	ADJ
ajfa-4783	198	15	loss	loss	NOUN
ajfa-4783	198	16	aversion	aversion	NOUN
ajfa-4783	198	17	perspectives	perspective	NOUN
ajfa-4783	198	18	.	.	PUNCT
ajfa-4783	199	1	academy	academy	PROPN
ajfa-4783	199	2	of	of	ADP
ajfa-4783	199	3	management	management	PROPN
ajfa-4783	199	4	journal	journal	NOUN
ajfa-4783	199	5	,	,	PUNCT
ajfa-4783	199	6	55(4	55(4	NUM
ajfa-4783	199	7	)	)	PUNCT
ajfa-4783	199	8	,	,	PUNCT
ajfa-4783	199	9	976	976	NUM
ajfa-4783	199	10	-	-	SYM
ajfa-4783	199	11	997	997	NUM
ajfa-4783	199	12	.	.	PUNCT
ajfa-4783	200	1	http://dx.doi.org/10.5465/amj.2011.0211	http://dx.doi.org/10.5465/amj.2011.0211	PROPN
ajfa-4783	200	2	code	code	PROPN
ajfa-4783	200	3	2009	2009	NUM
ajfa-4783	200	4	de	de	X
ajfa-4783	200	5	gouvernance	gouvernance	PROPN
ajfa-4783	200	6	.	.	PUNCT
ajfa-4783	201	1	colot	colot	PROPN
ajfa-4783	201	2	,	,	PUNCT
ajfa-4783	201	3	o.	o.	PROPN
ajfa-4783	201	4	,	,	PUNCT
ajfa-4783	201	5	&	&	CCONJ
ajfa-4783	201	6	croquet	croquet	PROPN
ajfa-4783	201	7	,	,	PUNCT
ajfa-4783	201	8	m.	m.	NOUN
ajfa-4783	201	9	(	(	PUNCT
ajfa-4783	201	10	2005	2005	NUM
ajfa-4783	201	11	)	)	PUNCT
ajfa-4783	201	12	.	.	PUNCT
ajfa-4783	202	1	les	les	PROPN
ajfa-4783	202	2	entreprises	entreprise	NOUN
ajfa-4783	202	3	familiales	familiale	NOUN
ajfa-4783	202	4	sont	sont	X
ajfa-4783	202	5	-	-	PUNCT
ajfa-4783	202	6	elles	elle	NOUN
ajfa-4783	202	7	plus	plus	CCONJ
ajfa-4783	202	8	ou	ou	PROPN
ajfa-4783	202	9	moins	moins	PROPN
ajfa-4783	202	10	endettées	endettées	PROPN
ajfa-4783	202	11	que	que	PROPN
ajfa-4783	202	12	les	les	X
ajfa-4783	202	13	entreprises	entreprises	X
ajfa-4783	202	14	non	non	X
ajfa-4783	202	15	familiales	familiale	NOUN
ajfa-4783	202	16	?	?	PUNCT
ajfa-4783	203	1	documents	document	NOUN
ajfa-4783	203	2	d’economie	d’economie	VERB
ajfa-4783	203	3	et	et	PROPN
ajfa-4783	203	4	de	de	X
ajfa-4783	203	5	gestion	gestion	PROPN
ajfa-4783	203	6	,	,	PUNCT
ajfa-4783	203	7	working	work	VERB
ajfa-4783	203	8	paper	paper	NOUN
ajfa-4783	203	9	2005/4	2005/4	NOUN
ajfa-4783	203	10	,	,	PUNCT
ajfa-4783	203	11	centre	centre	PROPN
ajfa-4783	203	12	de	de	X
ajfa-4783	203	13	recherche	recherche	X
ajfa-4783	203	14	de	de	X
ajfa-4783	203	15	warocqué	warocqué	PROPN
ajfa-4783	203	16	,	,	PUNCT
ajfa-4783	203	17	novembre	novembre	PROPN
ajfa-4783	203	18	,	,	PUNCT
ajfa-4783	203	19	23	23	NUM
ajfa-4783	203	20	p.	p.	NOUN
ajfa-4783	203	21	colot	colot	NOUN
ajfa-4783	203	22	,	,	PUNCT
ajfa-4783	203	23	o.	o.	PROPN
ajfa-4783	203	24	,	,	PUNCT
ajfa-4783	203	25	dupont	dupont	PROPN
ajfa-4783	203	26	,	,	PUNCT
ajfa-4783	203	27	c.	c.	PROPN
ajfa-4783	203	28	,	,	PUNCT
ajfa-4783	203	29	&	&	CCONJ
ajfa-4783	203	30	volral	volral	ADJ
ajfa-4783	203	31	,	,	PUNCT
ajfa-4783	203	32	m.	m.	NOUN
ajfa-4783	203	33	(	(	PUNCT
ajfa-4783	203	34	2008	2008	NUM
ajfa-4783	203	35	)	)	PUNCT
ajfa-4783	203	36	.	.	PUNCT
ajfa-4783	204	1	analyse	analyse	PROPN
ajfa-4783	204	2	comparative	comparative	PROPN
ajfa-4783	204	3	de	de	X
ajfa-4783	204	4	l’influence	l’influence	NOUN
ajfa-4783	204	5	de	de	X
ajfa-4783	204	6	la	la	PROPN
ajfa-4783	204	7	grh	grh	PROPN
ajfa-4783	204	8	sur	sur	PROPN
ajfa-4783	204	9	la	la	PROPN
ajfa-4783	204	10	performance	performance	NOUN
ajfa-4783	204	11	d’entreprises	d’entreprise	VERB
ajfa-4783	204	12	familiales	familiale	NOUN
ajfa-4783	204	13	et	et	NOUN
ajfa-4783	204	14	non	non	PROPN
ajfa-4783	204	15	familiales	familiales	PROPN
ajfa-4783	204	16	.	.	PUNCT
ajfa-4783	205	1	le	le	PROPN
ajfa-4783	205	2	journal	journal	PROPN
ajfa-4783	205	3	des	des	PROPN
ajfa-4783	205	4	entreprises	entreprise	NOUN
ajfa-4783	205	5	familiales	familiale	NOUN
ajfa-4783	205	6	,	,	PUNCT
ajfa-4783	205	7	1(3	1(3	NUM
ajfa-4783	205	8	)	)	PUNCT
ajfa-4783	205	9	,	,	PUNCT
ajfa-4783	205	10	97	97	NUM
ajfa-4783	205	11	-	-	SYM
ajfa-4783	205	12	128	128	NUM
ajfa-4783	205	13	.	.	PUNCT
ajfa-4783	206	1	davis	davis	PROPN
ajfa-4783	206	2	,	,	PUNCT
ajfa-4783	206	3	j.h	j.h	PROPN
ajfa-4783	206	4	.	.	PROPN
ajfa-4783	206	5	,	,	PUNCT
ajfa-4783	206	6	schoorman	schoorman	PROPN
ajfa-4783	206	7	,	,	PUNCT
ajfa-4783	206	8	f.d	f.d	PROPN
ajfa-4783	206	9	.	.	PROPN
ajfa-4783	206	10	,	,	PUNCT
ajfa-4783	206	11	&	&	CCONJ
ajfa-4783	206	12	donaldson	donaldson	PROPN
ajfa-4783	206	13	,	,	PUNCT
ajfa-4783	206	14	l.	l.	PROPN
ajfa-4783	206	15	(	(	PUNCT
ajfa-4783	206	16	1997	1997	NUM
ajfa-4783	206	17	)	)	PUNCT
ajfa-4783	206	18	.	.	PUNCT
ajfa-4783	207	1	toward	toward	ADP
ajfa-4783	207	2	a	a	DET
ajfa-4783	207	3	stewardship	stewardship	NOUN
ajfa-4783	207	4	theory	theory	NOUN
ajfa-4783	207	5	of	of	ADP
ajfa-4783	207	6	management	management	NOUN
ajfa-4783	207	7	.	.	PUNCT
ajfa-4783	208	1	academy	academy	PROPN
ajfa-4783	208	2	of	of	ADP
ajfa-4783	208	3	management	management	PROPN
ajfa-4783	208	4	review	review	NOUN
ajfa-4783	208	5	,	,	PUNCT
ajfa-4783	208	6	22	22	NUM
ajfa-4783	208	7	,	,	PUNCT
ajfa-4783	208	8	20	20	NUM
ajfa-4783	208	9	-	-	SYM
ajfa-4783	208	10	47	47	NUM
ajfa-4783	208	11	.	.	PUNCT
ajfa-4783	209	1	http://dx.doi.org/10.5465/amr.1997.9707180258	http://dx.doi.org/10.5465/amr.1997.9707180258	PROPN
ajfa-4783	209	2	demsetz	demsetz	PROPN
ajfa-4783	209	3	,	,	PUNCT
ajfa-4783	209	4	h.	h.	PROPN
ajfa-4783	209	5	(	(	PUNCT
ajfa-4783	209	6	1983	1983	NUM
ajfa-4783	209	7	)	)	PUNCT
ajfa-4783	209	8	.	.	PUNCT
ajfa-4783	210	1	the	the	DET
ajfa-4783	210	2	structure	structure	NOUN
ajfa-4783	210	3	of	of	ADP
ajfa-4783	210	4	ownership	ownership	NOUN
ajfa-4783	210	5	and	and	CCONJ
ajfa-4783	210	6	the	the	DET
ajfa-4783	210	7	theory	theory	NOUN
ajfa-4783	210	8	of	of	ADP
ajfa-4783	210	9	the	the	DET
ajfa-4783	210	10	firms	firm	NOUN
ajfa-4783	210	11	.	.	PUNCT
ajfa-4783	211	1	journal	journal	PROPN
ajfa-4783	211	2	of	of	ADP
ajfa-4783	211	3	law	law	NOUN
ajfa-4783	211	4	and	and	CCONJ
ajfa-4783	211	5	economics	economic	NOUN
ajfa-4783	211	6	,	,	PUNCT
ajfa-4783	211	7	26	26	NUM
ajfa-4783	211	8	,	,	PUNCT
ajfa-4783	211	9	375	375	NUM
ajfa-4783	211	10	-	-	SYM
ajfa-4783	211	11	390	390	NUM
ajfa-4783	211	12	.	.	PUNCT
ajfa-4783	212	1	http://dx.doi.org/10.1086/467041	http://dx.doi.org/10.1086/467041	PROPN
ajfa-4783	212	2	drobetz	drobetz	VERB
ajfa-4783	212	3	,	,	PUNCT
ajfa-4783	212	4	w.	w.	PROPN
ajfa-4783	212	5	,	,	PUNCT
ajfa-4783	212	6	schillhofer	schillhofer	VERB
ajfa-4783	212	7	,	,	PUNCT
ajfa-4783	212	8	a.	a.	NOUN
ajfa-4783	212	9	,	,	PUNCT
ajfa-4783	212	10	zimmermann	zimmermann	PROPN
ajfa-4783	212	11	,	,	PUNCT
ajfa-4783	212	12	h.	h.	PROPN
ajfa-4783	212	13	(	(	PUNCT
ajfa-4783	212	14	2003	2003	NUM
ajfa-4783	212	15	)	)	PUNCT
ajfa-4783	212	16	.	.	PUNCT
ajfa-4783	213	1	corporate	corporate	ADJ
ajfa-4783	213	2	governance	governance	NOUN
ajfa-4783	213	3	and	and	CCONJ
ajfa-4783	213	4	expected	expect	VERB
ajfa-4783	213	5	stock	stock	NOUN
ajfa-4783	213	6	returns	return	NOUN
ajfa-4783	213	7	:	:	PUNCT
ajfa-4783	213	8	evidence	evidence	NOUN
ajfa-4783	213	9	from	from	ADP
ajfa-4783	213	10	germany	germany	PROPN
ajfa-4783	213	11	.	.	PUNCT
ajfa-4783	214	1	efma	efma	PROPN
ajfa-4783	214	2	2003	2003	NUM
ajfa-4783	214	3	helsinki	helsinki	PROPN
ajfa-4783	214	4	meetings	meeting	NOUN
ajfa-4783	214	5	,	,	PUNCT
ajfa-4783	214	6	46	46	NUM
ajfa-4783	214	7	p.	p.	NOUN
ajfa-4783	214	8	asian	asian	ADJ
ajfa-4783	214	9	journal	journal	PROPN
ajfa-4783	214	10	of	of	ADP
ajfa-4783	214	11	finance	finance	PROPN
ajfa-4783	214	12	&	&	CCONJ
ajfa-4783	214	13	accounting	accounting	PROPN
ajfa-4783	214	14	issn	issn	PROPN
ajfa-4783	214	15	1946	1946	NUM
ajfa-4783	214	16	-	-	PUNCT
ajfa-4783	214	17	052x	052x	PROPN
ajfa-4783	214	18	2014	2014	NUM
ajfa-4783	214	19	,	,	PUNCT
ajfa-4783	214	20	vol	vol	NOUN
ajfa-4783	214	21	.	.	PROPN
ajfa-4783	214	22	6	6	NUM
ajfa-4783	214	23	,	,	PUNCT
ajfa-4783	214	24	no	no	INTJ
ajfa-4783	214	25	.	.	NOUN
ajfa-4783	214	26	1	1	NUM
ajfa-4783	214	27	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4783	214	28	124	124	NUM
ajfa-4783	214	29	favero	favero	NOUN
ajfa-4783	214	30	,	,	PUNCT
ajfa-4783	214	31	c.	c.	PROPN
ajfa-4783	214	32	a.	a.	PROPN
ajfa-4783	214	33	,	,	PUNCT
ajfa-4783	214	34	giglio	giglio	PROPN
ajfa-4783	214	35	,	,	PUNCT
ajfa-4783	214	36	s.	s.	PROPN
ajfa-4783	214	37	,	,	PUNCT
ajfa-4783	214	38	honorati	honorati	PROPN
ajfa-4783	214	39	,	,	PUNCT
ajfa-4783	214	40	m.	m.	NOUN
ajfa-4783	214	41	,	,	PUNCT
ajfa-4783	214	42	&	&	CCONJ
ajfa-4783	214	43	panunzi	panunzi	PROPN
ajfa-4783	214	44	,	,	PUNCT
ajfa-4783	214	45	f.	f.	PROPN
ajfa-4783	214	46	(	(	PUNCT
ajfa-4783	214	47	2006	2006	NUM
ajfa-4783	214	48	)	)	PUNCT
ajfa-4783	214	49	.	.	PUNCT
ajfa-4783	215	1	the	the	DET
ajfa-4783	215	2	performance	performance	NOUN
ajfa-4783	215	3	of	of	ADP
ajfa-4783	215	4	italian	italian	ADJ
ajfa-4783	215	5	family	family	NOUN
ajfa-4783	215	6	firms	firm	NOUN
ajfa-4783	215	7	.	.	PUNCT
ajfa-4783	216	1	ecgi	ecgi	PROPN
ajfa-4783	216	2	working	working	PROPN
ajfa-4783	216	3	paper	paper	NOUN
ajfa-4783	216	4	series	series	NOUN
ajfa-4783	216	5	in	in	ADP
ajfa-4783	216	6	finance	finance	NOUN
ajfa-4783	216	7	,	,	PUNCT
ajfa-4783	216	8	no	no	INTJ
ajfa-4783	216	9	.	.	NOUN
ajfa-4783	216	10	127/2006	127/2006	NUM
ajfa-4783	216	11	,	,	PUNCT
ajfa-4783	216	12	brussels	brussels	PROPN
ajfa-4783	216	13	,	,	PUNCT
ajfa-4783	216	14	belgium	belgium	PROPN
ajfa-4783	216	15	:	:	PUNCT
ajfa-4783	216	16	european	european	ADJ
ajfa-4783	216	17	corporate	corporate	ADJ
ajfa-4783	216	18	governance	governance	NOUN
ajfa-4783	216	19	institute	institute	NOUN
ajfa-4783	216	20	.	.	PUNCT
ajfa-4783	217	1	gombers	gomber	NOUN
ajfa-4783	217	2	,	,	PUNCT
ajfa-4783	217	3	p.a	p.a	PROPN
ajfa-4783	217	4	.	.	PROPN
ajfa-4783	217	5	,	,	PUNCT
ajfa-4783	217	6	ishii	ishii	PROPN
ajfa-4783	217	7	,	,	PUNCT
ajfa-4783	217	8	j.	j.	PROPN
ajfa-4783	217	9	,	,	PUNCT
ajfa-4783	217	10	&	&	CCONJ
ajfa-4783	217	11	metrick	metrick	ADJ
ajfa-4783	217	12	,	,	PUNCT
ajfa-4783	217	13	a.	a.	NOUN
ajfa-4783	217	14	(	(	PUNCT
ajfa-4783	217	15	2010	2010	NUM
ajfa-4783	217	16	)	)	PUNCT
ajfa-4783	217	17	.	.	PUNCT
ajfa-4783	218	1	extreme	extreme	ADJ
ajfa-4783	218	2	governance	governance	NOUN
ajfa-4783	218	3	:	:	PUNCT
ajfa-4783	218	4	an	an	DET
ajfa-4783	218	5	analysis	analysis	NOUN
ajfa-4783	218	6	of	of	ADP
ajfa-4783	218	7	dual	dual	ADJ
ajfa-4783	218	8	-	-	PUNCT
ajfa-4783	218	9	class	class	NOUN
ajfa-4783	218	10	firms	firm	NOUN
ajfa-4783	218	11	in	in	ADP
ajfa-4783	218	12	the	the	DET
ajfa-4783	218	13	united	united	PROPN
ajfa-4783	218	14	states	states	PROPN
ajfa-4783	218	15	.	.	PUNCT
ajfa-4783	219	1	the	the	DET
ajfa-4783	219	2	review	review	NOUN
ajfa-4783	219	3	of	of	ADP
ajfa-4783	219	4	financial	financial	ADJ
ajfa-4783	219	5	studies	study	NOUN
ajfa-4783	219	6	,	,	PUNCT
ajfa-4783	219	7	23(3	23(3	NUM
ajfa-4783	219	8	)	)	PUNCT
ajfa-4783	219	9	,	,	PUNCT
ajfa-4783	219	10	1051	1051	NUM
ajfa-4783	219	11	-	-	SYM
ajfa-4783	219	12	1088	1088	NUM
ajfa-4783	219	13	.	.	PUNCT
ajfa-4783	220	1	http://dx.doi.org/10.1093/rfs/hhp024	http://dx.doi.org/10.1093/rfs/hhp024	PROPN
ajfa-4783	220	2	gomez	gomez	PROPN
ajfa-4783	220	3	-	-	PUNCT
ajfa-4783	220	4	mejía	mejía	PROPN
ajfa-4783	220	5	,	,	PUNCT
ajfa-4783	220	6	l.	l.	PROPN
ajfa-4783	220	7	r.	r.	PROPN
ajfa-4783	220	8	,	,	PUNCT
ajfa-4783	220	9	haynes	haynes	PROPN
ajfa-4783	220	10	,	,	PUNCT
ajfa-4783	220	11	k.	k.	PROPN
ajfa-4783	220	12	t.	t.	PROPN
ajfa-4783	220	13	,	,	PUNCT
ajfa-4783	220	14	núñez	núñez	NOUN
ajfa-4783	220	15	-	-	PUNCT
ajfa-4783	220	16	nickel	nickel	NOUN
ajfa-4783	220	17	,	,	PUNCT
ajfa-4783	220	18	m.	m.	NOUN
ajfa-4783	220	19	,	,	PUNCT
ajfa-4783	220	20	jacobson	jacobson	PROPN
ajfa-4783	220	21	,	,	PUNCT
ajfa-4783	220	22	k.	k.	PROPN
ajfa-4783	220	23	j.	j.	PROPN
ajfa-4783	220	24	,	,	PUNCT
ajfa-4783	220	25	&	&	CCONJ
ajfa-4783	220	26	moyano	moyano	PROPN
ajfa-4783	220	27	-	-	PUNCT
ajfa-4783	220	28	fuentes	fuentes	PROPN
ajfa-4783	220	29	,	,	PUNCT
ajfa-4783	220	30	j.	j.	PROPN
ajfa-4783	220	31	(	(	PUNCT
ajfa-4783	220	32	2007	2007	NUM
ajfa-4783	220	33	)	)	PUNCT
ajfa-4783	220	34	.	.	PUNCT
ajfa-4783	221	1	socioemotional	socioemotional	ADJ
ajfa-4783	221	2	wealth	wealth	NOUN
ajfa-4783	221	3	and	and	CCONJ
ajfa-4783	221	4	business	business	NOUN
ajfa-4783	221	5	risks	risk	NOUN
ajfa-4783	221	6	in	in	ADP
ajfa-4783	221	7	family	family	NOUN
ajfa-4783	221	8	-	-	PUNCT
ajfa-4783	221	9	controlled	control	VERB
ajfa-4783	221	10	firms	firm	NOUN
ajfa-4783	221	11	:	:	PUNCT
ajfa-4783	221	12	evidence	evidence	NOUN
ajfa-4783	221	13	from	from	ADP
ajfa-4783	221	14	spanish	spanish	ADJ
ajfa-4783	221	15	olive	olive	ADJ
ajfa-4783	221	16	oil	oil	NOUN
ajfa-4783	221	17	mills	mill	NOUN
ajfa-4783	221	18	.	.	PUNCT
ajfa-4783	222	1	administrative	administrative	ADJ
ajfa-4783	222	2	science	science	PROPN
ajfa-4783	222	3	quarterly	quarterly	ADV
ajfa-4783	222	4	,	,	PUNCT
ajfa-4783	222	5	52(1	52(1	NOUN
ajfa-4783	222	6	)	)	PUNCT
ajfa-4783	222	7	,	,	PUNCT
ajfa-4783	222	8	106	106	NUM
ajfa-4783	222	9	-	-	SYM
ajfa-4783	222	10	137	137	NUM
ajfa-4783	222	11	.	.	PUNCT
ajfa-4783	223	1	gomez‐mejia	gomez‐mejia	PROPN
ajfa-4783	223	2	,	,	PUNCT
ajfa-4783	223	3	l.	l.	PROPN
ajfa-4783	223	4	r.	r.	PROPN
ajfa-4783	223	5	,	,	PUNCT
ajfa-4783	223	6	makri	makri	PROPN
ajfa-4783	223	7	,	,	PUNCT
ajfa-4783	223	8	m.	m.	NOUN
ajfa-4783	223	9	,	,	PUNCT
ajfa-4783	223	10	&	&	CCONJ
ajfa-4783	223	11	kintana	kintana	PROPN
ajfa-4783	223	12	,	,	PUNCT
ajfa-4783	223	13	m.	m.	NOUN
ajfa-4783	223	14	l.	l.	PROPN
ajfa-4783	223	15	(	(	PUNCT
ajfa-4783	223	16	2010	2010	NUM
ajfa-4783	223	17	)	)	PUNCT
ajfa-4783	223	18	.	.	PUNCT
ajfa-4783	224	1	diversification	diversification	NOUN
ajfa-4783	224	2	decisions	decision	NOUN
ajfa-4783	224	3	in	in	ADP
ajfa-4783	224	4	family‐controlled	family‐controlle	VERB
ajfa-4783	224	5	firms	firm	NOUN
ajfa-4783	224	6	.	.	PUNCT
ajfa-4783	225	1	journal	journal	PROPN
ajfa-4783	225	2	of	of	ADP
ajfa-4783	225	3	management	management	NOUN
ajfa-4783	225	4	studies	study	NOUN
ajfa-4783	225	5	,	,	PUNCT
ajfa-4783	225	6	47(2	47(2	PROPN
ajfa-4783	225	7	)	)	PUNCT
ajfa-4783	225	8	,	,	PUNCT
ajfa-4783	225	9	223	223	NUM
ajfa-4783	225	10	-	-	SYM
ajfa-4783	225	11	252	252	NUM
ajfa-4783	225	12	.	.	PUNCT
ajfa-4783	226	1	http://dx.doi.org/10.1111/j.1467-6486.2009.00889.x	http://dx.doi.org/10.1111/j.1467-6486.2009.00889.x	ADJ
ajfa-4783	226	2	huybrechts	huybrecht	NOUN
ajfa-4783	226	3	,	,	PUNCT
ajfa-4783	226	4	j.	j.	PROPN
ajfa-4783	226	5	,	,	PUNCT
ajfa-4783	226	6	voordeckers	voordecker	NOUN
ajfa-4783	226	7	,	,	PUNCT
ajfa-4783	226	8	w.	w.	PROPN
ajfa-4783	226	9	,	,	PUNCT
ajfa-4783	226	10	lybaert	lybaert	PROPN
ajfa-4783	226	11	,	,	PUNCT
ajfa-4783	226	12	n.	n.	NOUN
ajfa-4783	226	13	,	,	PUNCT
ajfa-4783	226	14	&	&	CCONJ
ajfa-4783	226	15	vandemaele	vandemaele	PROPN
ajfa-4783	226	16	,	,	PUNCT
ajfa-4783	226	17	s.	s.	PROPN
ajfa-4783	226	18	(	(	PUNCT
ajfa-4783	226	19	2008	2008	NUM
ajfa-4783	226	20	)	)	PUNCT
ajfa-4783	226	21	.	.	PUNCT
ajfa-4783	227	1	conditions	condition	NOUN
ajfa-4783	227	2	to	to	PART
ajfa-4783	227	3	performance	performance	NOUN
ajfa-4783	227	4	of	of	ADP
ajfa-4783	227	5	privately	privately	ADV
ajfa-4783	227	6	held	hold	VERB
ajfa-4783	227	7	family	family	NOUN
ajfa-4783	227	8	firms	firm	NOUN
ajfa-4783	227	9	under	under	ADP
ajfa-4783	227	10	a	a	DET
ajfa-4783	227	11	descendant	descendant	ADJ
ajfa-4783	227	12	ceo	ceo	NOUN
ajfa-4783	227	13	.	.	PUNCT
ajfa-4783	228	1	eiasm	eiasm	PROPN
ajfa-4783	228	2	family	family	NOUN
ajfa-4783	228	3	firm	firm	ADJ
ajfa-4783	228	4	workshop	workshop	NOUN
ajfa-4783	228	5	,	,	PUNCT
ajfa-4783	228	6	napels	napel	NOUN
ajfa-4783	228	7	,	,	PUNCT
ajfa-4783	228	8	italy	italy	PROPN
ajfa-4783	228	9	.	.	PUNCT
ajfa-4783	229	1	jensen	jensen	PROPN
ajfa-4783	229	2	,	,	PUNCT
ajfa-4783	229	3	m.c	m.c	PROPN
ajfa-4783	229	4	.	.	PROPN
ajfa-4783	229	5	,	,	PUNCT
ajfa-4783	229	6	&	&	CCONJ
ajfa-4783	229	7	meckling	meckling	PROPN
ajfa-4783	229	8	,	,	PUNCT
ajfa-4783	229	9	w.h	w.h	PROPN
ajfa-4783	229	10	.	.	PROPN
ajfa-4783	229	11	(	(	PUNCT
ajfa-4783	229	12	1976	1976	NUM
ajfa-4783	229	13	)	)	PUNCT
ajfa-4783	229	14	.	.	PUNCT
ajfa-4783	230	1	theory	theory	NOUN
ajfa-4783	230	2	of	of	ADP
ajfa-4783	230	3	the	the	DET
ajfa-4783	230	4	firm	firm	NOUN
ajfa-4783	230	5	:	:	PUNCT
ajfa-4783	230	6	managerial	managerial	ADJ
ajfa-4783	230	7	behavior	behavior	NOUN
ajfa-4783	230	8	,	,	PUNCT
ajfa-4783	230	9	agency	agency	NOUN
ajfa-4783	230	10	costs	cost	NOUN
ajfa-4783	230	11	and	and	CCONJ
ajfa-4783	230	12	ownership	ownership	NOUN
ajfa-4783	230	13	structure	structure	NOUN
ajfa-4783	230	14	.	.	PUNCT
ajfa-4783	231	1	journal	journal	NOUN
ajfa-4783	231	2	of	of	ADP
ajfa-4783	231	3	financial	financial	ADJ
ajfa-4783	231	4	economics	economic	NOUN
ajfa-4783	231	5	,	,	PUNCT
ajfa-4783	231	6	3(4	3(4	NUM
ajfa-4783	231	7	)	)	PUNCT
ajfa-4783	231	8	,	,	PUNCT
ajfa-4783	231	9	305	305	NUM
ajfa-4783	231	10	-	-	SYM
ajfa-4783	231	11	360	360	NUM
ajfa-4783	231	12	.	.	PUNCT
ajfa-4783	232	1	http://dx.doi.org/10.1016/0304-405x(76)90026-x	http://dx.doi.org/10.1016/0304-405x(76)90026-x	PROPN
ajfa-4783	232	2	kenyon	kenyon	PROPN
ajfa-4783	232	3	-	-	PUNCT
ajfa-4783	232	4	rouvinez	rouvinez	PROPN
ajfa-4783	232	5	,	,	PUNCT
ajfa-4783	232	6	d.	d.	PROPN
ajfa-4783	232	7	,	,	PUNCT
ajfa-4783	232	8	ward	ward	PROPN
ajfa-4783	232	9	,	,	PUNCT
ajfa-4783	232	10	j.l	j.l	PROPN
ajfa-4783	232	11	.	.	PROPN
ajfa-4783	232	12	(	(	PUNCT
ajfa-4783	232	13	2004	2004	NUM
ajfa-4783	232	14	)	)	PUNCT
ajfa-4783	232	15	.	.	PUNCT
ajfa-4783	233	1	les	les	PROPN
ajfa-4783	233	2	entreprises	entreprise	NOUN
ajfa-4783	233	3	familiales	familiale	NOUN
ajfa-4783	233	4	.	.	PUNCT
ajfa-4783	233	5	presse	presse	PROPN
ajfa-4783	233	6	universitaire	universitaire	PROPN
ajfa-4783	233	7	de	de	PROPN
ajfa-4783	233	8	france	france	PROPN
ajfa-4783	233	9	,	,	PUNCT
ajfa-4783	233	10	collection	collection	NOUN
ajfa-4783	233	11	«	«	PUNCT
ajfa-4783	233	12	que	que	X
ajfa-4783	233	13	sais	sais	PROPN
ajfa-4783	233	14	-	-	PROPN
ajfa-4783	233	15	je	je	PROPN
ajfa-4783	233	16	?	?	PUNCT
ajfa-4783	234	1	»	»	PUNCT
ajfa-4783	234	2	,	,	PUNCT
ajfa-4783	234	3	128	128	NUM
ajfa-4783	234	4	p.	p.	NOUN
ajfa-4783	234	5	kowalewski	kowalewski	PROPN
ajfa-4783	234	6	,	,	PUNCT
ajfa-4783	234	7	o.	o.	PROPN
ajfa-4783	234	8	,	,	PUNCT
ajfa-4783	234	9	talavera	talavera	PROPN
ajfa-4783	234	10	,	,	PUNCT
ajfa-4783	234	11	o.	o.	PROPN
ajfa-4783	234	12	,	,	PUNCT
ajfa-4783	234	13	&	&	CCONJ
ajfa-4783	234	14	stetsyuk	stetsyuk	PROPN
ajfa-4783	234	15	,	,	PUNCT
ajfa-4783	234	16	i.	i.	PROPN
ajfa-4783	234	17	(	(	PUNCT
ajfa-4783	234	18	2010	2010	NUM
ajfa-4783	234	19	)	)	PUNCT
ajfa-4783	234	20	.	.	PUNCT
ajfa-4783	235	1	influence	influence	NOUN
ajfa-4783	235	2	of	of	ADP
ajfa-4783	235	3	family	family	NOUN
ajfa-4783	235	4	involvement	involvement	NOUN
ajfa-4783	235	5	in	in	ADP
ajfa-4783	235	6	management	management	NOUN
ajfa-4783	235	7	and	and	CCONJ
ajfa-4783	235	8	ownership	ownership	NOUN
ajfa-4783	235	9	on	on	ADP
ajfa-4783	235	10	firm	firm	ADJ
ajfa-4783	235	11	performance	performance	NOUN
ajfa-4783	235	12	:	:	PUNCT
ajfa-4783	235	13	evidence	evidence	NOUN
ajfa-4783	235	14	from	from	ADP
ajfa-4783	235	15	poland	poland	PROPN
ajfa-4783	235	16	.	.	PUNCT
ajfa-4783	236	1	family	family	NOUN
ajfa-4783	236	2	business	business	PROPN
ajfa-4783	236	3	review	review	PROPN
ajfa-4783	236	4	,	,	PUNCT
ajfa-4783	236	5	23(1	23(1	NUM
ajfa-4783	236	6	)	)	PUNCT
ajfa-4783	236	7	,	,	PUNCT
ajfa-4783	236	8	45–59	45–59	NOUN
ajfa-4783	236	9	.	.	PUNCT
ajfa-4783	237	1	http://dx.doi.org/10.1177/0894486509355803	http://dx.doi.org/10.1177/0894486509355803	PROPN
ajfa-4783	237	2	lievens	lievens	PROPN
ajfa-4783	237	3	j.	j.	PROPN
ajfa-4783	237	4	(	(	PUNCT
ajfa-4783	237	5	2006	2006	NUM
ajfa-4783	237	6	)	)	PUNCT
ajfa-4783	237	7	.	.	PUNCT
ajfa-4783	238	1	la	la	PROPN
ajfa-4783	238	2	gouvernance	gouvernance	PROPN
ajfa-4783	238	3	dans	dans	PROPN
ajfa-4783	238	4	les	les	X
ajfa-4783	238	5	entreprises	entreprise	NOUN
ajfa-4783	238	6	familiales	familiale	NOUN
ajfa-4783	238	7	:	:	PUNCT
ajfa-4783	238	8	les	les	X
ajfa-4783	238	9	clés	clés	X
ajfa-4783	238	10	du	du	X
ajfa-4783	238	11	succès	succès	PROPN
ajfa-4783	238	12	.	.	PROPN
ajfa-4783	239	1	editions	editions	PROPN
ajfa-4783	239	2	racine	racine	PROPN
ajfa-4783	239	3	,	,	PUNCT
ajfa-4783	239	4	99	99	NUM
ajfa-4783	239	5	p.	p.	PROPN
ajfa-4783	239	6	madani	madani	PROPN
ajfa-4783	239	7	,	,	PUNCT
ajfa-4783	239	8	w.e	w.e	PROPN
ajfa-4783	239	9	.	.	PROPN
ajfa-4783	239	10	,	,	PUNCT
ajfa-4783	239	11	&	&	CCONJ
ajfa-4783	239	12	khlif	khlif	PROPN
ajfa-4783	239	13	,	,	PUNCT
ajfa-4783	239	14	w.	w.	PROPN
ajfa-4783	239	15	(	(	PUNCT
ajfa-4783	239	16	2010	2010	NUM
ajfa-4783	239	17	)	)	PUNCT
ajfa-4783	239	18	.	.	PUNCT
ajfa-4783	240	1	effets	effets	X
ajfa-4783	240	2	de	de	X
ajfa-4783	240	3	la	la	X
ajfa-4783	240	4	structure	structure	PROPN
ajfa-4783	240	5	de	de	X
ajfa-4783	240	6	propriété	propriété	PROPN
ajfa-4783	240	7	sur	sur	PROPN
ajfa-4783	240	8	la	la	PROPN
ajfa-4783	240	9	performance	performance	PROPN
ajfa-4783	240	10	des	des	PROPN
ajfa-4783	240	11	entreprises	entreprise	NOUN
ajfa-4783	240	12	tunisiennes	tunisienne	NOUN
ajfa-4783	240	13	.	.	PUNCT
ajfa-4783	241	1	revue	revue	PROPN
ajfa-4783	241	2	des	des	PROPN
ajfa-4783	241	3	sciences	sciences	PROPN
ajfa-4783	241	4	de	de	X
ajfa-4783	241	5	gestion	gestion	PROPN
ajfa-4783	241	6	,	,	PUNCT
ajfa-4783	241	7	243	243	NUM
ajfa-4783	241	8	-	-	SYM
ajfa-4783	241	9	244	244	NUM
ajfa-4783	241	10	,	,	PUNCT
ajfa-4783	241	11	63	63	NUM
ajfa-4783	241	12	-	-	SYM
ajfa-4783	241	13	70	70	NUM
ajfa-4783	241	14	.	.	PUNCT
ajfa-4783	242	1	http://dx.doi.org/10.1051/larsg/2010027	http://dx.doi.org/10.1051/larsg/2010027	PROPN
ajfa-4783	242	2	maury	maury	PROPN
ajfa-4783	242	3	,	,	PUNCT
ajfa-4783	242	4	b.	b.	PROPN
ajfa-4783	242	5	(	(	PUNCT
ajfa-4783	242	6	2006	2006	NUM
ajfa-4783	242	7	)	)	PUNCT
ajfa-4783	242	8	.	.	PUNCT
ajfa-4783	243	1	family	family	NOUN
ajfa-4783	243	2	ownership	ownership	NOUN
ajfa-4783	243	3	and	and	CCONJ
ajfa-4783	243	4	firm	firm	ADJ
ajfa-4783	243	5	performance	performance	NOUN
ajfa-4783	243	6	:	:	PUNCT
ajfa-4783	243	7	empirical	empirical	ADJ
ajfa-4783	243	8	evidence	evidence	NOUN
ajfa-4783	243	9	from	from	ADP
ajfa-4783	243	10	western	western	ADJ
ajfa-4783	243	11	european	european	ADJ
ajfa-4783	243	12	corporations	corporation	NOUN
ajfa-4783	243	13	.	.	PUNCT
ajfa-4783	244	1	journal	journal	NOUN
ajfa-4783	244	2	of	of	ADP
ajfa-4783	244	3	corporate	corporate	ADJ
ajfa-4783	244	4	finance	finance	NOUN
ajfa-4783	244	5	,	,	PUNCT
ajfa-4783	244	6	12(2	12(2	NUM
ajfa-4783	244	7	)	)	PUNCT
ajfa-4783	244	8	,	,	PUNCT
ajfa-4783	244	9	321	321	NUM
ajfa-4783	244	10	-	-	SYM
ajfa-4783	244	11	341	341	NUM
ajfa-4783	244	12	.	.	PUNCT
ajfa-4783	245	1	http://dx.doi.org/10.1016/j.jcorpfin.2005.02.002	http://dx.doi.org/10.1016/j.jcorpfin.2005.02.002	PROPN
ajfa-4783	245	2	mckinsey	mckinsey	NOUN
ajfa-4783	245	3	,	,	PUNCT
ajfa-4783	245	4	(	(	PUNCT
ajfa-4783	245	5	2002	2002	NUM
ajfa-4783	245	6	)	)	PUNCT
ajfa-4783	245	7	.	.	PUNCT
ajfa-4783	246	1	global	global	ADJ
ajfa-4783	246	2	investor	investor	NOUN
ajfa-4783	246	3	opinion	opinion	NOUN
ajfa-4783	246	4	survey	survey	NOUN
ajfa-4783	246	5	:	:	PUNCT
ajfa-4783	246	6	key	key	ADJ
ajfa-4783	246	7	findings	finding	NOUN
ajfa-4783	246	8	.	.	PUNCT
ajfa-4783	247	1	london	london	PROPN
ajfa-4783	247	2	,	,	PUNCT
ajfa-4783	247	3	2002	2002	NUM
ajfa-4783	247	4	,	,	PUNCT
ajfa-4783	247	5	14	14	NUM
ajfa-4783	247	6	p.	p.	NOUN
ajfa-4783	247	7	melin	melin	PROPN
ajfa-4783	247	8	,	,	PUNCT
ajfa-4783	247	9	l.	l.	PROPN
ajfa-4783	247	10	,	,	PUNCT
ajfa-4783	247	11	&	&	CCONJ
ajfa-4783	247	12	nordqvist	nordqvist	PROPN
ajfa-4783	247	13	,	,	PUNCT
ajfa-4783	247	14	m.	m.	NOUN
ajfa-4783	247	15	(	(	PUNCT
ajfa-4783	247	16	2000	2000	NUM
ajfa-4783	247	17	)	)	PUNCT
ajfa-4783	247	18	.	.	PUNCT
ajfa-4783	248	1	corporate	corporate	ADJ
ajfa-4783	248	2	governance	governance	NOUN
ajfa-4783	248	3	processes	process	NOUN
ajfa-4783	248	4	in	in	ADP
ajfa-4783	248	5	family	family	NOUN
ajfa-4783	248	6	firms	firm	NOUN
ajfa-4783	248	7	.	.	PUNCT
ajfa-4783	249	1	the	the	DET
ajfa-4783	249	2	role	role	NOUN
ajfa-4783	249	3	of	of	ADP
ajfa-4783	249	4	influential	influential	ADJ
ajfa-4783	249	5	actors	actor	NOUN
ajfa-4783	249	6	and	and	CCONJ
ajfa-4783	249	7	the	the	DET
ajfa-4783	249	8	strategic	strategic	ADJ
ajfa-4783	249	9	arena	arena	NOUN
ajfa-4783	249	10	.	.	PUNCT
ajfa-4783	250	1	in	in	ADP
ajfa-4783	250	2	icsb	icsb	NOUN
ajfa-4783	250	3	world	world	PROPN
ajfa-4783	250	4	conference	conference	PROPN
ajfa-4783	250	5	.	.	PUNCT
ajfa-4783	251	1	miller	miller	PROPN
ajfa-4783	251	2	,	,	PUNCT
ajfa-4783	251	3	d.	d.	PROPN
ajfa-4783	251	4	,	,	PUNCT
ajfa-4783	251	5	&	&	CCONJ
ajfa-4783	251	6	breton‐miller	breton‐miller	PROPN
ajfa-4783	251	7	,	,	PUNCT
ajfa-4783	251	8	l.	l.	PROPN
ajfa-4783	251	9	(	(	PUNCT
ajfa-4783	251	10	2006	2006	NUM
ajfa-4783	251	11	)	)	PUNCT
ajfa-4783	251	12	.	.	PUNCT
ajfa-4783	252	1	family	family	NOUN
ajfa-4783	252	2	governance	governance	NOUN
ajfa-4783	252	3	and	and	CCONJ
ajfa-4783	252	4	firm	firm	ADJ
ajfa-4783	252	5	performance	performance	NOUN
ajfa-4783	252	6	:	:	PUNCT
ajfa-4783	252	7	agency	agency	NOUN
ajfa-4783	252	8	,	,	PUNCT
ajfa-4783	252	9	stewardship	stewardship	NOUN
ajfa-4783	252	10	,	,	PUNCT
ajfa-4783	252	11	and	and	CCONJ
ajfa-4783	252	12	capabilities	capability	NOUN
ajfa-4783	252	13	.	.	PUNCT
ajfa-4783	253	1	family	family	NOUN
ajfa-4783	253	2	business	business	PROPN
ajfa-4783	253	3	review	review	PROPN
ajfa-4783	253	4	,	,	PUNCT
ajfa-4783	253	5	19(1	19(1	NUM
ajfa-4783	253	6	)	)	PUNCT
ajfa-4783	253	7	,	,	PUNCT
ajfa-4783	253	8	73	73	NUM
ajfa-4783	253	9	-	-	SYM
ajfa-4783	253	10	87	87	NUM
ajfa-4783	253	11	.	.	PUNCT
ajfa-4783	254	1	http://dx.doi.org/10.1111/j.1741-6248.2006.00063.x	http://dx.doi.org/10.1111/j.1741-6248.2006.00063.x	ADJ
ajfa-4783	254	2	asian	asian	ADJ
ajfa-4783	254	3	journal	journal	NOUN
ajfa-4783	254	4	of	of	ADP
ajfa-4783	254	5	finance	finance	PROPN
ajfa-4783	254	6	&	&	CCONJ
ajfa-4783	254	7	accounting	accounting	PROPN
ajfa-4783	254	8	issn	issn	PROPN
ajfa-4783	254	9	1946	1946	NUM
ajfa-4783	254	10	-	-	PUNCT
ajfa-4783	254	11	052x	052x	PROPN
ajfa-4783	254	12	2014	2014	NUM
ajfa-4783	254	13	,	,	PUNCT
ajfa-4783	254	14	vol	vol	NOUN
ajfa-4783	254	15	.	.	PROPN
ajfa-4783	254	16	6	6	NUM
ajfa-4783	254	17	,	,	PUNCT
ajfa-4783	254	18	no	no	INTJ
ajfa-4783	254	19	.	.	NOUN
ajfa-4783	254	20	1	1	NUM
ajfa-4783	254	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-4783	254	22	125	125	NUM
ajfa-4783	254	23	miller	miller	PROPN
ajfa-4783	254	24	,	,	PUNCT
ajfa-4783	254	25	d.	d.	PROPN
ajfa-4783	254	26	,	,	PUNCT
ajfa-4783	254	27	le	le	PROPN
ajfa-4783	254	28	breton	breton	PROPN
ajfa-4783	254	29	-	-	PUNCT
ajfa-4783	254	30	miller	miller	PROPN
ajfa-4783	254	31	,	,	PUNCT
ajfa-4783	254	32	i.	i.	PROPN
ajfa-4783	254	33	,	,	PUNCT
ajfa-4783	254	34	lester	lester	PROPN
ajfa-4783	254	35	,	,	PUNCT
ajfa-4783	254	36	r.	r.	PROPN
ajfa-4783	254	37	h.	h.	PROPN
ajfa-4783	254	38	,	,	PUNCT
ajfa-4783	254	39	&	&	CCONJ
ajfa-4783	254	40	cannella	cannella	PROPN
ajfa-4783	254	41	,	,	PUNCT
ajfa-4783	254	42	a.	a.	NOUN
ajfa-4783	254	43	a.	a.	NOUN
ajfa-4783	254	44	(	(	PUNCT
ajfa-4783	254	45	2007	2007	NUM
ajfa-4783	254	46	)	)	PUNCT
ajfa-4783	254	47	.	.	PUNCT
ajfa-4783	255	1	are	be	AUX
ajfa-4783	255	2	family	family	NOUN
ajfa-4783	255	3	firms	firm	NOUN
ajfa-4783	255	4	really	really	ADV
ajfa-4783	255	5	superior	superior	ADJ
ajfa-4783	255	6	performers	performer	NOUN
ajfa-4783	255	7	?	?	PUNCT
ajfa-4783	256	1	journal	journal	NOUN
ajfa-4783	256	2	of	of	ADP
ajfa-4783	256	3	corporate	corporate	ADJ
ajfa-4783	256	4	finance	finance	NOUN
ajfa-4783	256	5	,	,	PUNCT
ajfa-4783	256	6	13	13	NUM
ajfa-4783	256	7	,	,	PUNCT
ajfa-4783	256	8	829	829	NUM
ajfa-4783	256	9	-	-	SYM
ajfa-4783	256	10	858	858	NUM
ajfa-4783	256	11	.	.	PUNCT
ajfa-4783	257	1	http://dx.doi.org/10.1016/j.jcorpfin.2007.03.004	http://dx.doi.org/10.1016/j.jcorpfin.2007.03.004	PROPN
ajfa-4783	257	2	neubauer	neubauer	PROPN
ajfa-4783	257	3	,	,	PUNCT
ajfa-4783	257	4	f.	f.	PROPN
ajfa-4783	257	5	,	,	PUNCT
ajfa-4783	257	6	&	&	CCONJ
ajfa-4783	257	7	lank	lank	PROPN
ajfa-4783	257	8	,	,	PUNCT
ajfa-4783	257	9	a.g	a.g	PROPN
ajfa-4783	257	10	.	.	PROPN
ajfa-4783	257	11	(	(	PUNCT
ajfa-4783	257	12	1998	1998	NUM
ajfa-4783	257	13	)	)	PUNCT
ajfa-4783	257	14	.	.	PUNCT
ajfa-4783	258	1	the	the	DET
ajfa-4783	258	2	family	family	NOUN
ajfa-4783	258	3	business	business	NOUN
ajfa-4783	258	4	:	:	PUNCT
ajfa-4783	258	5	its	its	PRON
ajfa-4783	258	6	governance	governance	NOUN
ajfa-4783	258	7	for	for	ADP
ajfa-4783	258	8	sustainability	sustainability	NOUN
ajfa-4783	258	9	.	.	PUNCT
ajfa-4783	259	1	macmillan	macmillan	PROPN
ajfa-4783	259	2	press	press	PROPN
ajfa-4783	259	3	ltd	ltd	PROPN
ajfa-4783	259	4	,	,	PUNCT
ajfa-4783	259	5	261	261	NUM
ajfa-4783	259	6	p.	p.	NOUN
ajfa-4783	259	7	ooghe	ooghe	PROPN
ajfa-4783	259	8	,	,	PUNCT
ajfa-4783	259	9	h.	h.	PROPN
ajfa-4783	259	10	,	,	PUNCT
ajfa-4783	259	11	&	&	CCONJ
ajfa-4783	259	12	van	van	PROPN
ajfa-4783	259	13	wymeersch	wymeersch	PROPN
ajfa-4783	259	14	,	,	PUNCT
ajfa-4783	259	15	c.	c.	PROPN
ajfa-4783	259	16	(	(	PUNCT
ajfa-4783	259	17	2006	2006	NUM
ajfa-4783	259	18	)	)	PUNCT
ajfa-4783	259	19	.	.	PUNCT
ajfa-4783	260	1	traité	traité	PROPN
ajfa-4783	260	2	d’analyse	d’analyse	PROPN
ajfa-4783	260	3	financière	financière	PROPN
ajfa-4783	260	4	.	.	PUNCT
ajfa-4783	260	5	arthémis	arthémis	PROPN
ajfa-4783	260	6	,	,	PUNCT
ajfa-4783	260	7	tome	tome	NOUN
ajfa-4783	260	8	1	1	NUM
ajfa-4783	260	9	:	:	PUNCT
ajfa-4783	260	10	498	498	NUM
ajfa-4783	260	11	p	p	NOUN
ajfa-4783	260	12	&	&	CCONJ
ajfa-4783	260	13	tome	tome	NOUN
ajfa-4783	260	14	2	2	NUM
ajfa-4783	260	15	:	:	SYM
ajfa-4783	260	16	164	164	NUM
ajfa-4783	260	17	p.	p.	NOUN
ajfa-4783	260	18	pieper	pieper	NOUN
ajfa-4783	260	19	,	,	PUNCT
ajfa-4783	260	20	t.	t.	PROPN
ajfa-4783	260	21	,	,	PUNCT
ajfa-4783	260	22	klein	klein	PROPN
ajfa-4783	260	23	,	,	PUNCT
ajfa-4783	260	24	s.	s.	PROPN
ajfa-4783	260	25	,	,	PUNCT
ajfa-4783	260	26	jaskiewics	jaskiewic	NOUN
ajfa-4783	260	27	,	,	PUNCT
ajfa-4783	260	28	p.	p.	NOUN
ajfa-4783	260	29	(	(	PUNCT
ajfa-4783	260	30	2008	2008	NUM
ajfa-4783	260	31	)	)	PUNCT
ajfa-4783	260	32	.	.	PUNCT
ajfa-4783	261	1	the	the	DET
ajfa-4783	261	2	impact	impact	NOUN
ajfa-4783	261	3	of	of	ADP
ajfa-4783	261	4	goal	goal	NOUN
ajfa-4783	261	5	alignment	alignment	NOUN
ajfa-4783	261	6	on	on	ADP
ajfa-4783	261	7	board	board	NOUN
ajfa-4783	261	8	existence	existence	NOUN
ajfa-4783	261	9	and	and	CCONJ
ajfa-4783	261	10	top	top	ADJ
ajfa-4783	261	11	management	management	NOUN
ajfa-4783	261	12	team	team	NOUN
ajfa-4783	261	13	compensation	compensation	NOUN
ajfa-4783	261	14	:	:	PUNCT
ajfa-4783	261	15	evidence	evidence	NOUN
ajfa-4783	261	16	from	from	ADP
ajfa-4783	261	17	family	family	NOUN
ajfa-4783	261	18	-	-	PUNCT
ajfa-4783	261	19	influenced	influence	VERB
ajfa-4783	261	20	businesses	business	NOUN
ajfa-4783	261	21	.	.	PUNCT
ajfa-4783	262	1	journal	journal	PROPN
ajfa-4783	262	2	of	of	ADP
ajfa-4783	262	3	small	small	ADJ
ajfa-4783	262	4	business	business	NOUN
ajfa-4783	262	5	management	management	NOUN
ajfa-4783	262	6	,	,	PUNCT
ajfa-4783	262	7	46	46	NUM
ajfa-4783	262	8	,	,	PUNCT
ajfa-4783	262	9	372	372	NUM
ajfa-4783	262	10	-	-	SYM
ajfa-4783	262	11	394	394	NUM
ajfa-4783	262	12	.	.	PUNCT
ajfa-4783	263	1	http://dx.doi.org/10.1111/j.1540-627x.2008.00249.x	http://dx.doi.org/10.1111/j.1540-627x.2008.00249.x	VERB
ajfa-4783	263	2	sacristán	sacristán	NOUN
ajfa-4783	263	3	-	-	PUNCT
ajfa-4783	263	4	navarro	navarro	PROPN
ajfa-4783	263	5	,	,	PUNCT
ajfa-4783	263	6	m.	m.	NOUN
ajfa-4783	263	7	,	,	PUNCT
ajfa-4783	263	8	gómez	gómez	NOUN
ajfa-4783	263	9	-	-	PUNCT
ajfa-4783	263	10	ansón	ansón	NOUN
ajfa-4783	263	11	,	,	PUNCT
ajfa-4783	263	12	s.	s.	PROPN
ajfa-4783	263	13	,	,	PUNCT
ajfa-4783	263	14	&	&	CCONJ
ajfa-4783	263	15	cabeza	cabeza	PROPN
ajfa-4783	263	16	-	-	PUNCT
ajfa-4783	263	17	garcía	garcía	ADJ
ajfa-4783	263	18	l.	l.	NOUN
ajfa-4783	263	19	(	(	PUNCT
ajfa-4783	263	20	2011	2011	NUM
ajfa-4783	263	21	)	)	PUNCT
ajfa-4783	263	22	.	.	PUNCT
ajfa-4783	264	1	family	family	NOUN
ajfa-4783	264	2	ownership	ownership	NOUN
ajfa-4783	264	3	and	and	CCONJ
ajfa-4783	264	4	control	control	NOUN
ajfa-4783	264	5	,	,	PUNCT
ajfa-4783	264	6	the	the	DET
ajfa-4783	264	7	presence	presence	NOUN
ajfa-4783	264	8	of	of	ADP
ajfa-4783	264	9	other	other	ADJ
ajfa-4783	264	10	large	large	ADJ
ajfa-4783	264	11	shareholders	shareholder	NOUN
ajfa-4783	264	12	,	,	PUNCT
ajfa-4783	264	13	and	and	CCONJ
ajfa-4783	264	14	firm	firm	ADJ
ajfa-4783	264	15	performance	performance	NOUN
ajfa-4783	264	16	:	:	PUNCT
ajfa-4783	264	17	further	further	ADJ
ajfa-4783	264	18	evidence	evidence	NOUN
ajfa-4783	264	19	.	.	PUNCT
ajfa-4783	265	1	family	family	NOUN
ajfa-4783	265	2	business	business	PROPN
ajfa-4783	265	3	review	review	PROPN
ajfa-4783	265	4	,	,	PUNCT
ajfa-4783	265	5	24	24	NUM
ajfa-4783	265	6	,	,	PUNCT
ajfa-4783	265	7	71	71	NUM
ajfa-4783	265	8	-	-	SYM
ajfa-4783	265	9	93	93	NUM
ajfa-4783	265	10	.	.	PUNCT
ajfa-4783	266	1	http://dx.doi.org/10.1177/0894486510396705	http://dx.doi.org/10.1177/0894486510396705	PROPN
ajfa-4783	266	2	schulze	schulze	NOUN
ajfa-4783	266	3	,	,	PUNCT
ajfa-4783	266	4	w.s	w.s	PROPN
ajfa-4783	266	5	.	.	PROPN
ajfa-4783	266	6	,	,	PUNCT
ajfa-4783	266	7	lubatkin	lubatkin	ADJ
ajfa-4783	266	8	,	,	PUNCT
ajfa-4783	266	9	m.	m.	NOUN
ajfa-4783	266	10	h.	h.	PROPN
ajfa-4783	266	11	,	,	PUNCT
ajfa-4783	266	12	dino	dino	PROPN
ajfa-4783	266	13	,	,	PUNCT
ajfa-4783	266	14	r.n	r.n	PROPN
ajfa-4783	266	15	.	.	PROPN
ajfa-4783	266	16	,	,	PUNCT
ajfa-4783	266	17	&	&	CCONJ
ajfa-4783	266	18	buccholtz	buccholtz	PROPN
ajfa-4783	266	19	,	,	PUNCT
ajfa-4783	266	20	a.k	a.k	PROPN
ajfa-4783	266	21	.	.	PROPN
ajfa-4783	266	22	(	(	PUNCT
ajfa-4783	266	23	2001	2001	NUM
ajfa-4783	266	24	)	)	PUNCT
ajfa-4783	266	25	.	.	PUNCT
ajfa-4783	267	1	agency	agency	NOUN
ajfa-4783	267	2	relationships	relationship	NOUN
ajfa-4783	267	3	in	in	ADP
ajfa-4783	267	4	family	family	NOUN
ajfa-4783	267	5	firms	firm	NOUN
ajfa-4783	267	6	:	:	PUNCT
ajfa-4783	267	7	theory	theory	NOUN
ajfa-4783	267	8	and	and	CCONJ
ajfa-4783	267	9	evidence	evidence	NOUN
ajfa-4783	267	10	.	.	PUNCT
ajfa-4783	268	1	organization	organization	NOUN
ajfa-4783	268	2	science	science	NOUN
ajfa-4783	268	3	,	,	PUNCT
ajfa-4783	268	4	12(2	12(2	NUM
ajfa-4783	268	5	)	)	PUNCT
ajfa-4783	268	6	,	,	PUNCT
ajfa-4783	268	7	99	99	NUM
ajfa-4783	268	8	-	-	SYM
ajfa-4783	268	9	116	116	NUM
ajfa-4783	268	10	.	.	PUNCT
ajfa-4783	269	1	http://dx.doi.org/10.1287/orsc.12.2.99.10114	http://dx.doi.org/10.1287/orsc.12.2.99.10114	PROPN
ajfa-4783	269	2	sharma	sharma	PROPN
ajfa-4783	269	3	,	,	PUNCT
ajfa-4783	269	4	p.	p.	PROPN
ajfa-4783	269	5	,	,	PUNCT
ajfa-4783	269	6	&	&	CCONJ
ajfa-4783	269	7	manikutty	manikutty	PROPN
ajfa-4783	269	8	,	,	PUNCT
ajfa-4783	269	9	s.	s.	PROPN
ajfa-4783	269	10	(	(	PUNCT
ajfa-4783	269	11	2005	2005	NUM
ajfa-4783	269	12	)	)	PUNCT
ajfa-4783	269	13	.	.	PUNCT
ajfa-4783	270	1	strategic	strategic	ADJ
ajfa-4783	270	2	divestments	divestment	NOUN
ajfa-4783	270	3	in	in	ADP
ajfa-4783	270	4	family	family	NOUN
ajfa-4783	270	5	firms	firm	NOUN
ajfa-4783	270	6	:	:	PUNCT
ajfa-4783	270	7	role	role	NOUN
ajfa-4783	270	8	of	of	ADP
ajfa-4783	270	9	family	family	NOUN
ajfa-4783	270	10	structure	structure	NOUN
ajfa-4783	270	11	and	and	CCONJ
ajfa-4783	270	12	community	community	NOUN
ajfa-4783	270	13	culture	culture	NOUN
ajfa-4783	270	14	.	.	PUNCT
ajfa-4783	271	1	entrepreneurship	entrepreneurship	NOUN
ajfa-4783	271	2	theory	theory	NOUN
ajfa-4783	271	3	and	and	CCONJ
ajfa-4783	271	4	practice	practice	NOUN
ajfa-4783	271	5	,	,	PUNCT
ajfa-4783	271	6	29(3	29(3	NUM
ajfa-4783	271	7	)	)	PUNCT
ajfa-4783	271	8	,	,	PUNCT
ajfa-4783	271	9	293	293	NUM
ajfa-4783	271	10	-	-	SYM
ajfa-4783	271	11	311	311	NUM
ajfa-4783	271	12	.	.	PUNCT
ajfa-4783	272	1	http://dx.doi.org/10.1111/j.1540-6520.2005.00084.x	http://dx.doi.org/10.1111/j.1540-6520.2005.00084.x	PROPN
ajfa-4783	272	2	sraer	sraer	PROPN
ajfa-4783	272	3	,	,	PUNCT
ajfa-4783	272	4	d.	d.	PROPN
ajfa-4783	272	5	,	,	PUNCT
ajfa-4783	272	6	&	&	CCONJ
ajfa-4783	272	7	thesmar	thesmar	PROPN
ajfa-4783	272	8	,	,	PUNCT
ajfa-4783	272	9	d.	d.	PROPN
ajfa-4783	272	10	(	(	PUNCT
ajfa-4783	272	11	2007	2007	NUM
ajfa-4783	272	12	)	)	PUNCT
ajfa-4783	272	13	.	.	PUNCT
ajfa-4783	273	1	performance	performance	NOUN
ajfa-4783	273	2	and	and	CCONJ
ajfa-4783	273	3	behavior	behavior	NOUN
ajfa-4783	273	4	of	of	ADP
ajfa-4783	273	5	family	family	NOUN
ajfa-4783	273	6	firms	firm	NOUN
ajfa-4783	273	7	:	:	PUNCT
ajfa-4783	273	8	evidence	evidence	NOUN
ajfa-4783	273	9	from	from	ADP
ajfa-4783	273	10	the	the	DET
ajfa-4783	273	11	french	french	ADJ
ajfa-4783	273	12	stock	stock	NOUN
ajfa-4783	273	13	market	market	NOUN
ajfa-4783	273	14	.	.	PUNCT
ajfa-4783	274	1	journal	journal	NOUN
ajfa-4783	274	2	of	of	ADP
ajfa-4783	274	3	the	the	DET
ajfa-4783	274	4	european	european	PROPN
ajfa-4783	274	5	economic	economic	PROPN
ajfa-4783	274	6	association	association	PROPN
ajfa-4783	274	7	,	,	PUNCT
ajfa-4783	274	8	5	5	NUM
ajfa-4783	274	9	,	,	PUNCT
ajfa-4783	274	10	709–751	709–751	NUM
ajfa-4783	274	11	.	.	PUNCT
ajfa-4783	275	1	http://dx.doi.org/10.1162/jeea.2007.5.4.709	http://dx.doi.org/10.1162/jeea.2007.5.4.709	PROPN
ajfa-4783	275	2	villalonga	villalonga	PROPN
ajfa-4783	275	3	,	,	PUNCT
ajfa-4783	275	4	b.	b.	PROPN
ajfa-4783	275	5	,	,	PUNCT
ajfa-4783	275	6	&	&	CCONJ
ajfa-4783	275	7	amit	amit	PROPN
ajfa-4783	275	8	,	,	PUNCT
ajfa-4783	275	9	r.	r.	PROPN
ajfa-4783	275	10	(	(	PUNCT
ajfa-4783	275	11	2006	2006	NUM
ajfa-4783	275	12	)	)	PUNCT
ajfa-4783	275	13	.	.	PUNCT
ajfa-4783	276	1	how	how	SCONJ
ajfa-4783	276	2	do	do	AUX
ajfa-4783	276	3	family	family	NOUN
ajfa-4783	276	4	ownership	ownership	NOUN
ajfa-4783	276	5	,	,	PUNCT
ajfa-4783	276	6	control	control	NOUN
ajfa-4783	276	7	and	and	CCONJ
ajfa-4783	276	8	management	management	NOUN
ajfa-4783	276	9	affect	affect	VERB
ajfa-4783	276	10	firm	firm	ADJ
ajfa-4783	276	11	value	value	NOUN
ajfa-4783	276	12	.	.	PUNCT
ajfa-4783	277	1	journal	journal	NOUN
ajfa-4783	277	2	of	of	ADP
ajfa-4783	277	3	financial	financial	ADJ
ajfa-4783	277	4	economics	economic	NOUN
ajfa-4783	277	5	,	,	PUNCT
ajfa-4783	277	6	80(2	80(2	NUM
ajfa-4783	277	7	)	)	PUNCT
ajfa-4783	277	8	,	,	PUNCT
ajfa-4783	277	9	385	385	NUM
ajfa-4783	277	10	-	-	SYM
ajfa-4783	277	11	417	417	NUM
ajfa-4783	277	12	.	.	PUNCT
ajfa-4783	278	1	http://dx.doi.org/10.1016/j.jfineco.2004.12.005	http://dx.doi.org/10.1016/j.jfineco.2004.12.005	PROPN