id	sid	tid	token	lemma	pos
ajfa-5212	1	1	microsoft	microsoft	PROPN
ajfa-5212	1	2	word	word	NOUN
ajfa-5212	1	3	5212-18906-1-sm-writer2-new.doc	5212-18906-1-sm-writer2-new.doc	NUM
ajfa-5212	1	4	asian	asian	ADJ
ajfa-5212	1	5	journal	journal	NOUN
ajfa-5212	1	6	of	of	ADP
ajfa-5212	1	7	finance	finance	PROPN
ajfa-5212	1	8	&	&	CCONJ
ajfa-5212	1	9	accounting	accounting	PROPN
ajfa-5212	1	10	issn	issn	PROPN
ajfa-5212	1	11	1946	1946	NUM
ajfa-5212	1	12	-	-	PUNCT
ajfa-5212	1	13	052x	052x	PROPN
ajfa-5212	1	14	2014	2014	NUM
ajfa-5212	1	15	,	,	PUNCT
ajfa-5212	1	16	vol	vol	NOUN
ajfa-5212	1	17	.	.	PROPN
ajfa-5212	1	18	6	6	NUM
ajfa-5212	1	19	,	,	PUNCT
ajfa-5212	1	20	no	no	INTJ
ajfa-5212	1	21	.	.	NOUN
ajfa-5212	1	22	1	1	NUM
ajfa-5212	1	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	1	24	175	175	NUM
ajfa-5212	1	25	the	the	DET
ajfa-5212	1	26	impact	impact	NOUN
ajfa-5212	1	27	of	of	ADP
ajfa-5212	1	28	information	information	NOUN
ajfa-5212	1	29	asymmetry	asymmetry	NOUN
ajfa-5212	1	30	and	and	CCONJ
ajfa-5212	1	31	client	client	NOUN
ajfa-5212	1	32	credit	credit	NOUN
ajfa-5212	1	33	on	on	ADP
ajfa-5212	1	34	lending	lending	NOUN
ajfa-5212	1	35	performance	performance	NOUN
ajfa-5212	1	36	taiwan	taiwan	PROPN
ajfa-5212	1	37	’s	’s	PART
ajfa-5212	1	38	evidence	evidence	NOUN
ajfa-5212	1	39	cheng	cheng	PROPN
ajfa-5212	1	40	-	-	PUNCT
ajfa-5212	1	41	li	li	PROPN
ajfa-5212	1	42	huang	huang	PROPN
ajfa-5212	1	43	department	department	PROPN
ajfa-5212	1	44	of	of	ADP
ajfa-5212	1	45	accounting	accounting	PROPN
ajfa-5212	1	46	,	,	PUNCT
ajfa-5212	1	47	tamkang	tamkang	PROPN
ajfa-5212	1	48	university	university	PROPN
ajfa-5212	1	49	,	,	PUNCT
ajfa-5212	1	50	taiwan	taiwan	PROPN
ajfa-5212	1	51	tel	tel	PROPN
ajfa-5212	1	52	:	:	PUNCT
ajfa-5212	1	53	(	(	PUNCT
ajfa-5212	1	54	886	886	NUM
ajfa-5212	1	55	-	-	PUNCT
ajfa-5212	1	56	2)-26	2)-26	NUM
ajfa-5212	1	57	-	-	PUNCT
ajfa-5212	1	58	215	215	NUM
ajfa-5212	1	59	-	-	PUNCT
ajfa-5212	1	60	656ext:3368	656ext:3368	NUM
ajfa-5212	1	61	e	e	NOUN
ajfa-5212	1	62	-	-	NOUN
ajfa-5212	1	63	mail	mail	NOUN
ajfa-5212	1	64	:	:	PUNCT
ajfa-5212	1	65	chengli@mail.tku.edu.tw	chengli@mail.tku.edu.tw	PROPN
ajfa-5212	1	66	bih	bih	PROPN
ajfa-5212	1	67	-	-	PUNCT
ajfa-5212	1	68	yun	yun	PROPN
ajfa-5212	1	69	kuo	kuo	PROPN
ajfa-5212	1	70	department	department	PROPN
ajfa-5212	1	71	of	of	ADP
ajfa-5212	1	72	accounting	accounting	PROPN
ajfa-5212	1	73	,	,	PUNCT
ajfa-5212	1	74	shih	shih	PROPN
ajfa-5212	1	75	chien	chien	PROPN
ajfa-5212	1	76	university	university	PROPN
ajfa-5212	1	77	,	,	PUNCT
ajfa-5212	1	78	tamkanguniversity	tamkanguniversity	NOUN
ajfa-5212	1	79	,	,	PUNCT
ajfa-5212	1	80	taiwan	taiwan	PROPN
ajfa-5212	1	81	tel	tel	PROPN
ajfa-5212	1	82	:	:	PUNCT
ajfa-5212	1	83	(	(	PUNCT
ajfa-5212	1	84	886	886	NUM
ajfa-5212	1	85	-	-	SYM
ajfa-5212	1	86	2)-25	2)-25	NUM
ajfa-5212	1	87	-	-	PUNCT
ajfa-5212	1	88	381	381	NUM
ajfa-5212	1	89	-	-	PUNCT
ajfa-5212	1	90	111ext:8215	111ext:8215	NUM
ajfa-5212	1	91	e	e	NOUN
ajfa-5212	1	92	-	-	NOUN
ajfa-5212	1	93	mail	mail	NOUN
ajfa-5212	1	94	:	:	PUNCT
ajfa-5212	1	95	tatskuo@mail.usc.edu.tw	tatskuo@mail.usc.edu.tw	PROPN
ajfa-5212	1	96	received	receive	VERB
ajfa-5212	1	97	:	:	PUNCT
ajfa-5212	1	98	feb	feb	PROPN
ajfa-5212	1	99	.	.	PROPN
ajfa-5212	1	100	28	28	NUM
ajfa-5212	1	101	,	,	PUNCT
ajfa-5212	1	102	2014	2014	NUM
ajfa-5212	1	103	accepted	accept	VERB
ajfa-5212	1	104	:	:	PUNCT
ajfa-5212	1	105	april	april	PROPN
ajfa-5212	1	106	8	8	NUM
ajfa-5212	1	107	,	,	PUNCT
ajfa-5212	1	108	2014	2014	NUM
ajfa-5212	1	109	published	publish	VERB
ajfa-5212	1	110	:	:	PUNCT
ajfa-5212	1	111	june	june	PROPN
ajfa-5212	1	112	1	1	NUM
ajfa-5212	1	113	,	,	PUNCT
ajfa-5212	1	114	2014	2014	NUM
ajfa-5212	1	115	doi:10.5296	doi:10.5296	NOUN
ajfa-5212	1	116	/	/	SYM
ajfa-5212	1	117	ajfa.v6i1.5212	ajfa.v6i1.5212	NUM
ajfa-5212	1	118	url	url	NOUN
ajfa-5212	1	119	:	:	PUNCT
ajfa-5212	1	120	http://dx.doi.org/10.5296/ajfa.v6i1.5212	http://dx.doi.org/10.5296/ajfa.v6i1.5212	VERB
ajfa-5212	1	121	abstract	abstract	ADJ
ajfa-5212	1	122	using	use	VERB
ajfa-5212	1	123	panel	panel	NOUN
ajfa-5212	1	124	data	datum	NOUN
ajfa-5212	1	125	from	from	ADP
ajfa-5212	1	126	taiwan	taiwan	PROPN
ajfa-5212	1	127	,	,	PUNCT
ajfa-5212	1	128	this	this	DET
ajfa-5212	1	129	paper	paper	NOUN
ajfa-5212	1	130	examines	examine	VERB
ajfa-5212	1	131	the	the	DET
ajfa-5212	1	132	impact	impact	NOUN
ajfa-5212	1	133	of	of	ADP
ajfa-5212	1	134	information	information	NOUN
ajfa-5212	1	135	asymmetry	asymmetry	NOUN
ajfa-5212	1	136	and	and	CCONJ
ajfa-5212	1	137	client	client	NOUN
ajfa-5212	1	138	credit	credit	NOUN
ajfa-5212	1	139	on	on	ADP
ajfa-5212	1	140	lending	lending	NOUN
ajfa-5212	1	141	performance	performance	NOUN
ajfa-5212	1	142	.	.	PUNCT
ajfa-5212	2	1	banks	bank	NOUN
ajfa-5212	2	2	without	without	ADP
ajfa-5212	2	3	huge	huge	ADJ
ajfa-5212	2	4	losses	loss	NOUN
ajfa-5212	2	5	from	from	ADP
ajfa-5212	2	6	bad	bad	ADJ
ajfa-5212	2	7	debts	debt	NOUN
ajfa-5212	2	8	and	and	CCONJ
ajfa-5212	2	9	from	from	ADP
ajfa-5212	2	10	credit	credit	NOUN
ajfa-5212	2	11	card	card	NOUN
ajfa-5212	2	12	lending	lending	NOUN
ajfa-5212	2	13	are	be	AUX
ajfa-5212	2	14	categorized	categorize	VERB
ajfa-5212	2	15	as	as	ADP
ajfa-5212	2	16	high	high	ADJ
ajfa-5212	2	17	lending	lending	NOUN
ajfa-5212	2	18	performance	performance	NOUN
ajfa-5212	2	19	banks	bank	NOUN
ajfa-5212	2	20	,	,	PUNCT
ajfa-5212	2	21	whereas	whereas	SCONJ
ajfa-5212	2	22	banks	bank	NOUN
ajfa-5212	2	23	with	with	ADP
ajfa-5212	2	24	heavy	heavy	ADJ
ajfa-5212	2	25	losses	loss	NOUN
ajfa-5212	2	26	from	from	ADP
ajfa-5212	2	27	bad	bad	ADJ
ajfa-5212	2	28	debts	debt	NOUN
ajfa-5212	2	29	and	and	CCONJ
ajfa-5212	2	30	from	from	ADP
ajfa-5212	2	31	credit	credit	NOUN
ajfa-5212	2	32	card	card	NOUN
ajfa-5212	2	33	lending	lending	NOUN
ajfa-5212	2	34	are	be	AUX
ajfa-5212	2	35	categorized	categorize	VERB
ajfa-5212	2	36	as	as	ADP
ajfa-5212	2	37	low	low	ADJ
ajfa-5212	2	38	lending	lending	NOUN
ajfa-5212	2	39	performance	performance	NOUN
ajfa-5212	2	40	banks	bank	NOUN
ajfa-5212	2	41	.	.	PUNCT
ajfa-5212	3	1	firms	firm	NOUN
ajfa-5212	3	2	are	be	AUX
ajfa-5212	3	3	also	also	ADV
ajfa-5212	3	4	divided	divide	VERB
ajfa-5212	3	5	into	into	ADP
ajfa-5212	3	6	micro	micro	ADJ
ajfa-5212	3	7	and	and	CCONJ
ajfa-5212	3	8	small	small	ADJ
ajfa-5212	3	9	businesses	business	NOUN
ajfa-5212	3	10	(	(	PUNCT
ajfa-5212	3	11	msbs	msbs	NOUN
ajfa-5212	3	12	)	)	PUNCT
ajfa-5212	3	13	and	and	CCONJ
ajfa-5212	3	14	medium	medium	ADJ
ajfa-5212	3	15	and	and	CCONJ
ajfa-5212	3	16	large	large	ADJ
ajfa-5212	3	17	businesses	business	NOUN
ajfa-5212	3	18	(	(	PUNCT
ajfa-5212	3	19	mlbs	mlbs	PROPN
ajfa-5212	3	20	)	)	PUNCT
ajfa-5212	3	21	.	.	PUNCT
ajfa-5212	4	1	logit	logit	PROPN
ajfa-5212	4	2	regression	regression	NOUN
ajfa-5212	4	3	is	be	AUX
ajfa-5212	4	4	used	use	VERB
ajfa-5212	4	5	to	to	PART
ajfa-5212	4	6	identify	identify	VERB
ajfa-5212	4	7	the	the	DET
ajfa-5212	4	8	determinants	determinant	NOUN
ajfa-5212	4	9	of	of	ADP
ajfa-5212	4	10	lending	lending	NOUN
ajfa-5212	4	11	performance	performance	NOUN
ajfa-5212	4	12	,	,	PUNCT
ajfa-5212	4	13	including	include	VERB
ajfa-5212	4	14	the	the	DET
ajfa-5212	4	15	levels	level	NOUN
ajfa-5212	4	16	of	of	ADP
ajfa-5212	4	17	information	information	NOUN
ajfa-5212	4	18	asymmetry	asymmetry	NOUN
ajfa-5212	4	19	and	and	CCONJ
ajfa-5212	4	20	client	client	NOUN
ajfa-5212	4	21	credit	credit	NOUN
ajfa-5212	4	22	records	record	NOUN
ajfa-5212	4	23	.	.	PUNCT
ajfa-5212	5	1	the	the	DET
ajfa-5212	5	2	empirical	empirical	ADJ
ajfa-5212	5	3	results	result	NOUN
ajfa-5212	5	4	show	show	VERB
ajfa-5212	5	5	that	that	SCONJ
ajfa-5212	5	6	:	:	PUNCT
ajfa-5212	5	7	(	(	PUNCT
ajfa-5212	5	8	1	1	X
ajfa-5212	5	9	)	)	PUNCT
ajfa-5212	5	10	mlbs	mlb	NOUN
ajfa-5212	5	11	with	with	ADP
ajfa-5212	5	12	good	good	ADJ
ajfa-5212	5	13	information	information	NOUN
ajfa-5212	5	14	transparency	transparency	NOUN
ajfa-5212	5	15	tend	tend	VERB
ajfa-5212	5	16	to	to	PART
ajfa-5212	5	17	establish	establish	VERB
ajfa-5212	5	18	relationships	relationship	NOUN
ajfa-5212	5	19	with	with	ADP
ajfa-5212	5	20	banks	bank	NOUN
ajfa-5212	5	21	that	that	PRON
ajfa-5212	5	22	are	be	AUX
ajfa-5212	5	23	characterized	characterize	VERB
ajfa-5212	5	24	by	by	ADP
ajfa-5212	5	25	huge	huge	ADJ
ajfa-5212	5	26	losses	loss	NOUN
ajfa-5212	5	27	from	from	ADP
ajfa-5212	5	28	bad	bad	ADJ
ajfa-5212	5	29	debts	debt	NOUN
ajfa-5212	5	30	and	and	CCONJ
ajfa-5212	5	31	from	from	ADP
ajfa-5212	5	32	credit	credit	NOUN
ajfa-5212	5	33	card	card	NOUN
ajfa-5212	5	34	lending	lending	NOUN
ajfa-5212	5	35	.	.	PUNCT
ajfa-5212	6	1	(	(	PUNCT
ajfa-5212	6	2	2	2	X
ajfa-5212	6	3	)	)	PUNCT
ajfa-5212	6	4	small	small	ADJ
ajfa-5212	6	5	foreign	foreign	ADJ
ajfa-5212	6	6	firms	firm	NOUN
ajfa-5212	6	7	,	,	PUNCT
ajfa-5212	6	8	as	as	ADV
ajfa-5212	6	9	well	well	ADV
ajfa-5212	6	10	as	as	ADP
ajfa-5212	6	11	mlbs	mlb	NOUN
ajfa-5212	6	12	with	with	ADP
ajfa-5212	6	13	high	high	ADJ
ajfa-5212	6	14	profitability	profitability	NOUN
ajfa-5212	6	15	,	,	PUNCT
ajfa-5212	6	16	cash	cash	NOUN
ajfa-5212	6	17	and	and	CCONJ
ajfa-5212	6	18	r&d	r&d	NOUN
ajfa-5212	6	19	expenditure	expenditure	NOUN
ajfa-5212	6	20	ratios	ratio	NOUN
ajfa-5212	6	21	prefer	prefer	VERB
ajfa-5212	6	22	having	have	VERB
ajfa-5212	6	23	relationships	relationship	NOUN
ajfa-5212	6	24	with	with	ADP
ajfa-5212	6	25	banks	bank	NOUN
ajfa-5212	6	26	with	with	ADP
ajfa-5212	6	27	good	good	ADJ
ajfa-5212	6	28	lending	lending	NOUN
ajfa-5212	6	29	performance	performance	NOUN
ajfa-5212	6	30	and	and	CCONJ
ajfa-5212	6	31	low	low	ADJ
ajfa-5212	6	32	credit	credit	NOUN
ajfa-5212	6	33	risk	risk	NOUN
ajfa-5212	6	34	.	.	PUNCT
ajfa-5212	7	1	(	(	PUNCT
ajfa-5212	7	2	3	3	X
ajfa-5212	7	3	)	)	PUNCT
ajfa-5212	7	4	mlbs	mlb	NOUN
ajfa-5212	7	5	and	and	CCONJ
ajfa-5212	7	6	msbs	msbs	NOUN
ajfa-5212	7	7	with	with	ADP
ajfa-5212	7	8	poor	poor	ADJ
ajfa-5212	7	9	credit	credit	NOUN
ajfa-5212	7	10	records	record	NOUN
ajfa-5212	7	11	prefer	prefer	VERB
ajfa-5212	7	12	having	have	VERB
ajfa-5212	7	13	relationships	relationship	NOUN
ajfa-5212	7	14	with	with	ADP
ajfa-5212	7	15	banks	bank	NOUN
ajfa-5212	7	16	that	that	PRON
ajfa-5212	7	17	have	have	VERB
ajfa-5212	7	18	good	good	ADJ
ajfa-5212	7	19	lending	lending	NOUN
ajfa-5212	7	20	performance	performance	NOUN
ajfa-5212	7	21	and	and	CCONJ
ajfa-5212	7	22	low	low	ADJ
ajfa-5212	7	23	credit	credit	NOUN
ajfa-5212	7	24	risk	risk	NOUN
ajfa-5212	7	25	.	.	PUNCT
ajfa-5212	8	1	keywords	keyword	NOUN
ajfa-5212	8	2	:	:	PUNCT
ajfa-5212	8	3	information	information	NOUN
ajfa-5212	8	4	asymmetry	asymmetry	NOUN
ajfa-5212	8	5	,	,	PUNCT
ajfa-5212	8	6	client	client	NOUN
ajfa-5212	8	7	credit	credit	NOUN
ajfa-5212	8	8	record	record	NOUN
ajfa-5212	8	9	,	,	PUNCT
ajfa-5212	8	10	lending	lending	NOUN
ajfa-5212	8	11	performance	performance	NOUN
ajfa-5212	8	12	,	,	PUNCT
ajfa-5212	8	13	micro	micro	NOUN
ajfa-5212	8	14	and	and	CCONJ
ajfa-5212	8	15	small	small	ADJ
ajfa-5212	8	16	business	business	NOUN
ajfa-5212	8	17	,	,	PUNCT
ajfa-5212	8	18	medium	medium	ADJ
ajfa-5212	8	19	and	and	CCONJ
ajfa-5212	8	20	large	large	ADJ
ajfa-5212	8	21	business	business	NOUN
ajfa-5212	8	22	asian	asian	ADJ
ajfa-5212	8	23	journal	journal	NOUN
ajfa-5212	8	24	of	of	ADP
ajfa-5212	8	25	finance	finance	PROPN
ajfa-5212	8	26	&	&	CCONJ
ajfa-5212	8	27	accounting	accounting	PROPN
ajfa-5212	8	28	issn	issn	PROPN
ajfa-5212	8	29	1946	1946	NUM
ajfa-5212	8	30	-	-	PUNCT
ajfa-5212	8	31	052x	052x	PROPN
ajfa-5212	8	32	2014	2014	NUM
ajfa-5212	8	33	,	,	PUNCT
ajfa-5212	8	34	vol	vol	NOUN
ajfa-5212	8	35	.	.	PROPN
ajfa-5212	8	36	6	6	NUM
ajfa-5212	8	37	,	,	PUNCT
ajfa-5212	8	38	no	no	INTJ
ajfa-5212	8	39	.	.	NOUN
ajfa-5212	8	40	1	1	NUM
ajfa-5212	8	41	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5212	8	42	176	176	NUM
ajfa-5212	8	43	1	1	NUM
ajfa-5212	8	44	.	.	PUNCT
ajfa-5212	8	45	introduction	introduction	NOUN
ajfa-5212	8	46	during	during	ADP
ajfa-5212	8	47	the	the	DET
ajfa-5212	8	48	period	period	NOUN
ajfa-5212	8	49	from	from	ADP
ajfa-5212	8	50	1997	1997	NUM
ajfa-5212	8	51	to	to	ADP
ajfa-5212	8	52	2008	2008	NUM
ajfa-5212	8	53	,	,	PUNCT
ajfa-5212	8	54	the	the	DET
ajfa-5212	8	55	asian	asian	ADJ
ajfa-5212	8	56	financial	financial	ADJ
ajfa-5212	8	57	crisis	crisis	NOUN
ajfa-5212	8	58	(	(	PUNCT
ajfa-5212	8	59	1997	1997	NUM
ajfa-5212	8	60	)	)	PUNCT
ajfa-5212	8	61	,	,	PUNCT
ajfa-5212	8	62	the	the	DET
ajfa-5212	8	63	credit	credit	NOUN
ajfa-5212	8	64	card	card	NOUN
ajfa-5212	8	65	storm	storm	NOUN
ajfa-5212	8	66	(	(	PUNCT
ajfa-5212	8	67	october	october	PROPN
ajfa-5212	8	68	2005	2005	NUM
ajfa-5212	8	69	)	)	PUNCT
ajfa-5212	8	70	,	,	PUNCT
ajfa-5212	8	71	the	the	DET
ajfa-5212	8	72	subprime	subprime	ADJ
ajfa-5212	8	73	mortgage	mortgage	NOUN
ajfa-5212	8	74	(	(	PUNCT
ajfa-5212	8	75	august	august	PROPN
ajfa-5212	8	76	2007	2007	NUM
ajfa-5212	8	77	)	)	PUNCT
ajfa-5212	8	78	and	and	CCONJ
ajfa-5212	8	79	the	the	DET
ajfa-5212	8	80	fannie	fannie	PROPN
ajfa-5212	8	81	mae	mae	PROPN
ajfa-5212	8	82	and	and	CCONJ
ajfa-5212	8	83	freddie	freddie	PROPN
ajfa-5212	8	84	mac	mac	PROPN
ajfa-5212	8	85	events	event	NOUN
ajfa-5212	8	86	(	(	PUNCT
ajfa-5212	8	87	july	july	PROPN
ajfa-5212	8	88	2008	2008	NUM
ajfa-5212	8	89	)	)	PUNCT
ajfa-5212	8	90	continually	continually	ADV
ajfa-5212	8	91	impacted	impact	VERB
ajfa-5212	8	92	taiwan	taiwan	PROPN
ajfa-5212	8	93	’s	’s	PART
ajfa-5212	8	94	financial	financial	ADJ
ajfa-5212	8	95	markets	market	NOUN
ajfa-5212	8	96	.	.	PUNCT
ajfa-5212	9	1	faced	face	VERB
ajfa-5212	9	2	with	with	ADP
ajfa-5212	9	3	these	these	DET
ajfa-5212	9	4	severe	severe	ADJ
ajfa-5212	9	5	disasters	disaster	NOUN
ajfa-5212	9	6	,	,	PUNCT
ajfa-5212	9	7	taiwan	taiwan	PROPN
ajfa-5212	9	8	responded	respond	VERB
ajfa-5212	9	9	by	by	ADP
ajfa-5212	9	10	enacting	enact	VERB
ajfa-5212	9	11	its	its	PRON
ajfa-5212	9	12	first	first	ADJ
ajfa-5212	9	13	and	and	CCONJ
ajfa-5212	9	14	second	second	ADJ
ajfa-5212	9	15	financial	financial	ADJ
ajfa-5212	9	16	reforms	reform	NOUN
ajfa-5212	9	17	.	.	PUNCT
ajfa-5212	10	1	the	the	DET
ajfa-5212	10	2	banking	banking	NOUN
ajfa-5212	10	3	management	management	NOUN
ajfa-5212	10	4	system	system	NOUN
ajfa-5212	10	5	accompanied	accompany	VERB
ajfa-5212	10	6	this	this	DET
ajfa-5212	10	7	change	change	NOUN
ajfa-5212	10	8	.	.	PUNCT
ajfa-5212	11	1	this	this	DET
ajfa-5212	11	2	study	study	NOUN
ajfa-5212	11	3	uses	use	VERB
ajfa-5212	11	4	the	the	DET
ajfa-5212	11	5	database	database	NOUN
ajfa-5212	11	6	managed	manage	VERB
ajfa-5212	11	7	by	by	ADP
ajfa-5212	11	8	the	the	DET
ajfa-5212	11	9	joint	joint	ADJ
ajfa-5212	11	10	credit	credit	NOUN
ajfa-5212	11	11	information	information	NOUN
ajfa-5212	11	12	center	center	NOUN
ajfa-5212	11	13	to	to	PART
ajfa-5212	11	14	perform	perform	VERB
ajfa-5212	11	15	its	its	PRON
ajfa-5212	11	16	empirical	empirical	ADJ
ajfa-5212	11	17	tests	test	NOUN
ajfa-5212	11	18	.	.	PUNCT
ajfa-5212	12	1	we	we	PRON
ajfa-5212	12	2	divided	divide	VERB
ajfa-5212	12	3	banks	bank	NOUN
ajfa-5212	12	4	into	into	ADP
ajfa-5212	12	5	those	those	PRON
ajfa-5212	12	6	with	with	ADP
ajfa-5212	12	7	or	or	CCONJ
ajfa-5212	12	8	without	without	ADP
ajfa-5212	12	9	huge	huge	ADJ
ajfa-5212	12	10	losses	loss	NOUN
ajfa-5212	12	11	from	from	ADP
ajfa-5212	12	12	bad	bad	ADJ
ajfa-5212	12	13	debts	debt	NOUN
ajfa-5212	12	14	and	and	CCONJ
ajfa-5212	12	15	heavy	heavy	ADJ
ajfa-5212	12	16	losses	loss	NOUN
ajfa-5212	12	17	from	from	ADP
ajfa-5212	12	18	credit	credit	NOUN
ajfa-5212	12	19	card	card	NOUN
ajfa-5212	12	20	lending	lending	NOUN
ajfa-5212	12	21	.	.	PUNCT
ajfa-5212	13	1	we	we	PRON
ajfa-5212	13	2	also	also	ADV
ajfa-5212	13	3	divided	divide	VERB
ajfa-5212	13	4	firms	firm	NOUN
ajfa-5212	13	5	into	into	ADP
ajfa-5212	13	6	msbs	msbs	NOUN
ajfa-5212	13	7	and	and	CCONJ
ajfa-5212	13	8	mlbs	mlb	NOUN
ajfa-5212	13	9	.	.	PUNCT
ajfa-5212	14	1	information	information	NOUN
ajfa-5212	14	2	asymmetries	asymmetry	NOUN
ajfa-5212	14	3	with	with	ADP
ajfa-5212	14	4	respect	respect	NOUN
ajfa-5212	14	5	to	to	ADP
ajfa-5212	14	6	the	the	DET
ajfa-5212	14	7	quality	quality	NOUN
ajfa-5212	14	8	of	of	ADP
ajfa-5212	14	9	the	the	DET
ajfa-5212	14	10	borrower	borrower	NOUN
ajfa-5212	14	11	’s	’s	PART
ajfa-5212	14	12	assets	asset	NOUN
ajfa-5212	14	13	and	and	CCONJ
ajfa-5212	14	14	the	the	DET
ajfa-5212	14	15	accuracy	accuracy	NOUN
ajfa-5212	14	16	of	of	ADP
ajfa-5212	14	17	its	its	PRON
ajfa-5212	14	18	credit	credit	NOUN
ajfa-5212	14	19	risk	risk	NOUN
ajfa-5212	14	20	estimates	estimate	NOUN
ajfa-5212	14	21	may	may	AUX
ajfa-5212	14	22	raise	raise	VERB
ajfa-5212	14	23	the	the	DET
ajfa-5212	14	24	costs	cost	NOUN
ajfa-5212	14	25	of	of	ADP
ajfa-5212	14	26	credit	credit	NOUN
ajfa-5212	14	27	risk	risk	NOUN
ajfa-5212	14	28	management	management	NOUN
ajfa-5212	14	29	faced	face	VERB
ajfa-5212	14	30	by	by	ADP
ajfa-5212	14	31	bank	bank	NOUN
ajfa-5212	14	32	credit	credit	NOUN
ajfa-5212	14	33	officers	officer	NOUN
ajfa-5212	14	34	.	.	PUNCT
ajfa-5212	15	1	the	the	DET
ajfa-5212	15	2	situations	situation	NOUN
ajfa-5212	15	3	are	be	AUX
ajfa-5212	15	4	somewhat	somewhat	ADV
ajfa-5212	15	5	different	different	ADJ
ajfa-5212	15	6	according	accord	VERB
ajfa-5212	15	7	to	to	ADP
ajfa-5212	15	8	the	the	DET
ajfa-5212	15	9	scale	scale	NOUN
ajfa-5212	15	10	or	or	CCONJ
ajfa-5212	15	11	the	the	DET
ajfa-5212	15	12	transparency	transparency	NOUN
ajfa-5212	15	13	level	level	NOUN
ajfa-5212	15	14	of	of	ADP
ajfa-5212	15	15	the	the	DET
ajfa-5212	15	16	firms	firm	NOUN
ajfa-5212	15	17	involved	involve	VERB
ajfa-5212	15	18	.	.	PUNCT
ajfa-5212	16	1	the	the	DET
ajfa-5212	16	2	more	more	ADJ
ajfa-5212	16	3	opaque	opaque	NOUN
ajfa-5212	16	4	a	a	DET
ajfa-5212	16	5	firm	firm	NOUN
ajfa-5212	16	6	is	be	AUX
ajfa-5212	16	7	,	,	PUNCT
ajfa-5212	16	8	the	the	PRON
ajfa-5212	16	9	more	more	ADJ
ajfa-5212	16	10	that	that	SCONJ
ajfa-5212	16	11	it	it	PRON
ajfa-5212	16	12	is	be	AUX
ajfa-5212	16	13	characterized	characterize	VERB
ajfa-5212	16	14	by	by	ADP
ajfa-5212	16	15	information	information	NOUN
ajfa-5212	16	16	asymmetry	asymmetry	NOUN
ajfa-5212	16	17	(	(	PUNCT
ajfa-5212	16	18	myers	myer	NOUN
ajfa-5212	16	19	and	and	CCONJ
ajfa-5212	16	20	majluf	majluf	NOUN
ajfa-5212	16	21	,	,	PUNCT
ajfa-5212	16	22	1984	1984	NUM
ajfa-5212	16	23	;	;	PUNCT
ajfa-5212	16	24	lummer	lummer	NOUN
ajfa-5212	16	25	and	and	CCONJ
ajfa-5212	16	26	mcconnell	mcconnell	PROPN
ajfa-5212	16	27	,	,	PUNCT
ajfa-5212	16	28	1989	1989	NUM
ajfa-5212	16	29	;	;	PUNCT
ajfa-5212	16	30	kuo	kuo	PROPN
ajfa-5212	16	31	and	and	CCONJ
ajfa-5212	16	32	chen	chen	PROPN
ajfa-5212	16	33	,	,	PUNCT
ajfa-5212	16	34	2012	2012	NUM
ajfa-5212	16	35	)	)	PUNCT
ajfa-5212	16	36	.	.	PUNCT
ajfa-5212	17	1	to	to	PART
ajfa-5212	17	2	reduce	reduce	VERB
ajfa-5212	17	3	the	the	DET
ajfa-5212	17	4	information	information	NOUN
ajfa-5212	17	5	asymmetry	asymmetry	NOUN
ajfa-5212	17	6	,	,	PUNCT
ajfa-5212	17	7	the	the	DET
ajfa-5212	17	8	credit	credit	NOUN
ajfa-5212	17	9	officer	officer	NOUN
ajfa-5212	17	10	will	will	AUX
ajfa-5212	17	11	ask	ask	VERB
ajfa-5212	17	12	borrowers	borrower	NOUN
ajfa-5212	17	13	to	to	PART
ajfa-5212	17	14	provide	provide	VERB
ajfa-5212	17	15	audited	audit	VERB
ajfa-5212	17	16	financial	financial	ADJ
ajfa-5212	17	17	statements	statement	NOUN
ajfa-5212	17	18	for	for	ADP
ajfa-5212	17	19	the	the	DET
ajfa-5212	17	20	last	last	ADJ
ajfa-5212	17	21	three	three	NUM
ajfa-5212	17	22	years	year	NOUN
ajfa-5212	17	23	when	when	SCONJ
ajfa-5212	17	24	handling	handle	VERB
ajfa-5212	17	25	applications	application	NOUN
ajfa-5212	17	26	for	for	ADP
ajfa-5212	17	27	loans	loan	NOUN
ajfa-5212	17	28	.	.	PUNCT
ajfa-5212	18	1	however	however	ADV
ajfa-5212	18	2	,	,	PUNCT
ajfa-5212	18	3	this	this	DET
ajfa-5212	18	4	requirement	requirement	NOUN
ajfa-5212	18	5	only	only	ADV
ajfa-5212	18	6	applies	apply	VERB
ajfa-5212	18	7	to	to	ADP
ajfa-5212	18	8	medium	medium	ADJ
ajfa-5212	18	9	and	and	CCONJ
ajfa-5212	18	10	large	large	ADJ
ajfa-5212	18	11	businesses	business	NOUN
ajfa-5212	18	12	(	(	PUNCT
ajfa-5212	18	13	hereafter	hereafter	NOUN
ajfa-5212	18	14	mlbs	mlb	NOUN
ajfa-5212	18	15	)	)	PUNCT
ajfa-5212	18	16	where	where	SCONJ
ajfa-5212	18	17	the	the	DET
ajfa-5212	18	18	capital	capital	NOUN
ajfa-5212	18	19	or	or	CCONJ
ajfa-5212	18	20	amount	amount	NOUN
ajfa-5212	18	21	borrowed	borrow	VERB
ajfa-5212	18	22	exceeds	exceed	NOUN
ajfa-5212	18	23	nt$30	nt$30	ADV
ajfa-5212	18	24	million	million	NUM
ajfa-5212	18	25	in	in	ADP
ajfa-5212	18	26	taiwan	taiwan	PROPN
ajfa-5212	18	27	,	,	PUNCT
ajfa-5212	18	28	and	and	CCONJ
ajfa-5212	18	29	does	do	AUX
ajfa-5212	18	30	not	not	PART
ajfa-5212	18	31	apply	apply	VERB
ajfa-5212	18	32	to	to	ADP
ajfa-5212	18	33	micro	micro	ADJ
ajfa-5212	18	34	and	and	CCONJ
ajfa-5212	18	35	small	small	ADJ
ajfa-5212	18	36	businesses	business	NOUN
ajfa-5212	18	37	(	(	PUNCT
ajfa-5212	18	38	hereafter	hereafter	NOUN
ajfa-5212	18	39	msbs	msbs	NOUN
ajfa-5212	18	40	)	)	PUNCT
ajfa-5212	18	41	.	.	PUNCT
ajfa-5212	19	1	therefore	therefore	ADV
ajfa-5212	19	2	,	,	PUNCT
ajfa-5212	19	3	in	in	ADP
ajfa-5212	19	4	the	the	DET
ajfa-5212	19	5	cases	case	NOUN
ajfa-5212	19	6	where	where	SCONJ
ajfa-5212	19	7	msbs	msbs	NOUN
ajfa-5212	19	8	apply	apply	VERB
ajfa-5212	19	9	for	for	ADP
ajfa-5212	19	10	loans	loan	NOUN
ajfa-5212	19	11	,	,	PUNCT
ajfa-5212	19	12	banks	bank	NOUN
ajfa-5212	19	13	can	can	AUX
ajfa-5212	19	14	not	not	PART
ajfa-5212	19	15	check	check	VERB
ajfa-5212	19	16	their	their	PRON
ajfa-5212	19	17	financial	financial	ADJ
ajfa-5212	19	18	position	position	NOUN
ajfa-5212	19	19	through	through	ADP
ajfa-5212	19	20	their	their	PRON
ajfa-5212	19	21	audited	audit	VERB
ajfa-5212	19	22	financial	financial	ADJ
ajfa-5212	19	23	statements	statement	NOUN
ajfa-5212	19	24	.	.	PUNCT
ajfa-5212	20	1	in	in	ADP
ajfa-5212	20	2	practice	practice	NOUN
ajfa-5212	20	3	,	,	PUNCT
ajfa-5212	20	4	banks	bank	NOUN
ajfa-5212	20	5	can	can	AUX
ajfa-5212	20	6	only	only	ADV
ajfa-5212	20	7	use	use	VERB
ajfa-5212	20	8	public	public	ADJ
ajfa-5212	20	9	information	information	NOUN
ajfa-5212	20	10	that	that	PRON
ajfa-5212	20	11	can	can	AUX
ajfa-5212	20	12	be	be	AUX
ajfa-5212	20	13	accessed	access	VERB
ajfa-5212	20	14	from	from	ADP
ajfa-5212	20	15	the	the	DET
ajfa-5212	20	16	database	database	NOUN
ajfa-5212	20	17	of	of	ADP
ajfa-5212	20	18	the	the	DET
ajfa-5212	20	19	joint	joint	ADJ
ajfa-5212	20	20	credit	credit	NOUN
ajfa-5212	20	21	information	information	NOUN
ajfa-5212	20	22	center	center	NOUN
ajfa-5212	20	23	(	(	PUNCT
ajfa-5212	20	24	jcic	jcic	NOUN
ajfa-5212	20	25	)	)	PUNCT
ajfa-5212	20	26	to	to	PART
ajfa-5212	20	27	evaluate	evaluate	VERB
ajfa-5212	20	28	the	the	DET
ajfa-5212	20	29	firm	firm	NOUN
ajfa-5212	20	30	’s	’s	PART
ajfa-5212	20	31	credit	credit	NOUN
ajfa-5212	20	32	quality	quality	NOUN
ajfa-5212	20	33	.	.	PUNCT
ajfa-5212	21	1	among	among	ADP
ajfa-5212	21	2	the	the	DET
ajfa-5212	21	3	available	available	ADJ
ajfa-5212	21	4	items	item	NOUN
ajfa-5212	21	5	,	,	PUNCT
ajfa-5212	21	6	the	the	DET
ajfa-5212	21	7	most	most	ADV
ajfa-5212	21	8	commonly	commonly	ADV
ajfa-5212	21	9	used	use	VERB
ajfa-5212	21	10	are	be	AUX
ajfa-5212	21	11	the	the	DET
ajfa-5212	21	12	“	"	PUNCT
ajfa-5212	21	13	credit	credit	NOUN
ajfa-5212	21	14	records	record	NOUN
ajfa-5212	21	15	of	of	ADP
ajfa-5212	21	16	borrowers	borrower	NOUN
ajfa-5212	21	17	”	"	PUNCT
ajfa-5212	21	18	and	and	CCONJ
ajfa-5212	21	19	“	"	PUNCT
ajfa-5212	21	20	credit	credit	NOUN
ajfa-5212	21	21	score	score	NOUN
ajfa-5212	21	22	of	of	ADP
ajfa-5212	21	23	the	the	DET
ajfa-5212	21	24	chairperson	chairperson	NOUN
ajfa-5212	21	25	”	"	PUNCT
ajfa-5212	21	26	(	(	PUNCT
ajfa-5212	21	27	kuo	kuo	PROPN
ajfa-5212	21	28	and	and	CCONJ
ajfa-5212	21	29	chen	chen	PROPN
ajfa-5212	21	30	,	,	PUNCT
ajfa-5212	21	31	2012	2012	NUM
ajfa-5212	21	32	)	)	PUNCT
ajfa-5212	21	33	.	.	PUNCT
ajfa-5212	22	1	from	from	ADP
ajfa-5212	22	2	the	the	DET
ajfa-5212	22	3	perspective	perspective	NOUN
ajfa-5212	22	4	of	of	ADP
ajfa-5212	22	5	the	the	DET
ajfa-5212	22	6	lending	lending	NOUN
ajfa-5212	22	7	management	management	NOUN
ajfa-5212	22	8	,	,	PUNCT
ajfa-5212	22	9	banks	bank	NOUN
ajfa-5212	22	10	require	require	VERB
ajfa-5212	22	11	borrowers	borrower	NOUN
ajfa-5212	22	12	to	to	PART
ajfa-5212	22	13	file	file	VERB
ajfa-5212	22	14	audited	audit	VERB
ajfa-5212	22	15	financial	financial	ADJ
ajfa-5212	22	16	statements	statement	NOUN
ajfa-5212	22	17	for	for	ADP
ajfa-5212	22	18	the	the	DET
ajfa-5212	22	19	last	last	ADJ
ajfa-5212	22	20	three	three	NUM
ajfa-5212	22	21	years	year	NOUN
ajfa-5212	22	22	.	.	PUNCT
ajfa-5212	23	1	banks	bank	NOUN
ajfa-5212	23	2	verify	verify	VERB
ajfa-5212	23	3	the	the	DET
ajfa-5212	23	4	past	past	ADJ
ajfa-5212	23	5	credit	credit	NOUN
ajfa-5212	23	6	records	record	NOUN
ajfa-5212	23	7	of	of	ADP
ajfa-5212	23	8	the	the	DET
ajfa-5212	23	9	firms	firm	NOUN
ajfa-5212	23	10	and	and	CCONJ
ajfa-5212	23	11	the	the	DET
ajfa-5212	23	12	credit	credit	NOUN
ajfa-5212	23	13	score	score	NOUN
ajfa-5212	23	14	of	of	ADP
ajfa-5212	23	15	the	the	DET
ajfa-5212	23	16	chairperson1	chairperson1	NOUN
ajfa-5212	23	17	by	by	ADP
ajfa-5212	23	18	checking	check	VERB
ajfa-5212	23	19	the	the	DET
ajfa-5212	23	20	information	information	NOUN
ajfa-5212	23	21	provided	provide	VERB
ajfa-5212	23	22	by	by	ADP
ajfa-5212	23	23	jcic	jcic	NOUN
ajfa-5212	23	24	.	.	PUNCT
ajfa-5212	24	1	therefore	therefore	ADV
ajfa-5212	24	2	,	,	PUNCT
ajfa-5212	24	3	it	it	PRON
ajfa-5212	24	4	is	be	AUX
ajfa-5212	24	5	important	important	ADJ
ajfa-5212	24	6	for	for	SCONJ
ajfa-5212	24	7	banks	bank	NOUN
ajfa-5212	24	8	to	to	PART
ajfa-5212	24	9	understand	understand	VERB
ajfa-5212	24	10	that	that	SCONJ
ajfa-5212	24	11	when	when	SCONJ
ajfa-5212	24	12	they	they	PRON
ajfa-5212	24	13	use	use	VERB
ajfa-5212	24	14	the	the	DET
ajfa-5212	24	15	information	information	NOUN
ajfa-5212	24	16	supplied	supply	VERB
ajfa-5212	24	17	by	by	ADP
ajfa-5212	24	18	jcic	jcic	NOUN
ajfa-5212	24	19	they	they	PRON
ajfa-5212	24	20	will	will	AUX
ajfa-5212	24	21	exhibit	exhibit	VERB
ajfa-5212	24	22	improved	improved	ADJ
ajfa-5212	24	23	lending	lending	NOUN
ajfa-5212	24	24	performance	performance	NOUN
ajfa-5212	24	25	.	.	PUNCT
ajfa-5212	25	1	our	our	PRON
ajfa-5212	25	2	purpose	purpose	NOUN
ajfa-5212	25	3	in	in	ADP
ajfa-5212	25	4	this	this	DET
ajfa-5212	25	5	paper	paper	NOUN
ajfa-5212	25	6	is	be	AUX
ajfa-5212	25	7	to	to	PART
ajfa-5212	25	8	examine	examine	VERB
ajfa-5212	25	9	the	the	DET
ajfa-5212	25	10	impact	impact	NOUN
ajfa-5212	25	11	of	of	ADP
ajfa-5212	25	12	information	information	NOUN
ajfa-5212	25	13	asymmetry	asymmetry	NOUN
ajfa-5212	25	14	and	and	CCONJ
ajfa-5212	25	15	client	client	NOUN
ajfa-5212	25	16	credit	credit	NOUN
ajfa-5212	25	17	on	on	ADP
ajfa-5212	25	18	lending	lending	NOUN
ajfa-5212	25	19	performance	performance	NOUN
ajfa-5212	25	20	.	.	PUNCT
ajfa-5212	26	1	we	we	PRON
ajfa-5212	26	2	extend	extend	VERB
ajfa-5212	26	3	the	the	DET
ajfa-5212	26	4	previous	previous	ADJ
ajfa-5212	26	5	empirical	empirical	ADJ
ajfa-5212	26	6	work	work	NOUN
ajfa-5212	26	7	in	in	ADP
ajfa-5212	26	8	several	several	ADJ
ajfa-5212	26	9	ways	way	NOUN
ajfa-5212	26	10	.	.	PUNCT
ajfa-5212	27	1	first	first	ADV
ajfa-5212	27	2	,	,	PUNCT
ajfa-5212	27	3	for	for	ADP
ajfa-5212	27	4	business	business	NOUN
ajfa-5212	27	5	confidentiality	confidentiality	NOUN
ajfa-5212	27	6	,	,	PUNCT
ajfa-5212	27	7	prior	prior	ADJ
ajfa-5212	27	8	research	research	NOUN
ajfa-5212	27	9	only	only	ADV
ajfa-5212	27	10	includes	include	VERB
ajfa-5212	27	11	the	the	DET
ajfa-5212	27	12	data	datum	NOUN
ajfa-5212	27	13	from	from	ADP
ajfa-5212	27	14	mlbs	mlb	NOUN
ajfa-5212	27	15	,	,	PUNCT
ajfa-5212	27	16	but	but	CCONJ
ajfa-5212	27	17	this	this	DET
ajfa-5212	27	18	study	study	NOUN
ajfa-5212	27	19	includes	include	VERB
ajfa-5212	27	20	information	information	NOUN
ajfa-5212	27	21	from	from	ADP
ajfa-5212	27	22	both	both	DET
ajfa-5212	27	23	mlbs	mlb	NOUN
ajfa-5212	27	24	and	and	CCONJ
ajfa-5212	27	25	msbs	msbs	NOUN
ajfa-5212	27	26	.	.	PUNCT
ajfa-5212	28	1	we	we	PRON
ajfa-5212	28	2	find	find	VERB
ajfa-5212	28	3	that	that	SCONJ
ajfa-5212	28	4	the	the	DET
ajfa-5212	28	5	loan	loan	NOUN
ajfa-5212	28	6	behaviors	behavior	NOUN
ajfa-5212	28	7	of	of	ADP
ajfa-5212	28	8	the	the	DET
ajfa-5212	28	9	two	two	NUM
ajfa-5212	28	10	exhibit	exhibit	VERB
ajfa-5212	28	11	significant	significant	ADJ
ajfa-5212	28	12	differences	difference	NOUN
ajfa-5212	28	13	.	.	PUNCT
ajfa-5212	29	1	second	second	ADJ
ajfa-5212	29	2	,	,	PUNCT
ajfa-5212	29	3	this	this	DET
ajfa-5212	29	4	study	study	NOUN
ajfa-5212	29	5	focuses	focus	VERB
ajfa-5212	29	6	on	on	ADP
ajfa-5212	29	7	the	the	DET
ajfa-5212	29	8	business	business	NOUN
ajfa-5212	29	9	of	of	ADP
ajfa-5212	29	10	corporate	corporate	ADJ
ajfa-5212	29	11	and	and	CCONJ
ajfa-5212	29	12	retail	retail	ADJ
ajfa-5212	29	13	finance	finance	NOUN
ajfa-5212	29	14	in	in	ADP
ajfa-5212	29	15	order	order	NOUN
ajfa-5212	29	16	to	to	PART
ajfa-5212	29	17	observe	observe	VERB
ajfa-5212	29	18	the	the	DET
ajfa-5212	29	19	impact	impact	NOUN
ajfa-5212	29	20	of	of	ADP
ajfa-5212	29	21	the	the	DET
ajfa-5212	29	22	factors	factor	NOUN
ajfa-5212	29	23	related	relate	VERB
ajfa-5212	29	24	to	to	ADP
ajfa-5212	29	25	lending	lending	NOUN
ajfa-5212	29	26	performance	performance	NOUN
ajfa-5212	29	27	.	.	PUNCT
ajfa-5212	30	1	third	third	ADJ
ajfa-5212	30	2	,	,	PUNCT
ajfa-5212	30	3	the	the	DET
ajfa-5212	30	4	samples	sample	NOUN
ajfa-5212	30	5	used	use	VERB
ajfa-5212	30	6	also	also	ADV
ajfa-5212	30	7	include	include	VERB
ajfa-5212	30	8	clients	client	NOUN
ajfa-5212	30	9	who	who	PRON
ajfa-5212	30	10	had	have	AUX
ajfa-5212	30	11	been	be	AUX
ajfa-5212	30	12	rejected	reject	VERB
ajfa-5212	30	13	by	by	ADP
ajfa-5212	30	14	banks	bank	NOUN
ajfa-5212	30	15	due	due	ADJ
ajfa-5212	30	16	to	to	ADP
ajfa-5212	30	17	default	default	NOUN
ajfa-5212	30	18	or	or	CCONJ
ajfa-5212	30	19	due	due	ADP
ajfa-5212	30	20	to	to	ADP
ajfa-5212	30	21	the	the	DET
ajfa-5212	30	22	fact	fact	NOUN
ajfa-5212	30	23	that	that	SCONJ
ajfa-5212	30	24	their	their	PRON
ajfa-5212	30	25	credit	credit	NOUN
ajfa-5212	30	26	scores	score	NOUN
ajfa-5212	30	27	were	be	AUX
ajfa-5212	30	28	below	below	ADP
ajfa-5212	30	29	the	the	DET
ajfa-5212	30	30	standard	standard	NOUN
ajfa-5212	30	31	required	require	VERB
ajfa-5212	30	32	but	but	CCONJ
ajfa-5212	30	33	have	have	AUX
ajfa-5212	30	34	now	now	ADV
ajfa-5212	30	35	been	be	AUX
ajfa-5212	30	36	approved	approve	VERB
ajfa-5212	30	37	for	for	ADP
ajfa-5212	30	38	the	the	DET
ajfa-5212	30	39	loan	loan	NOUN
ajfa-5212	30	40	process	process	NOUN
ajfa-5212	30	41	.	.	PUNCT
ajfa-5212	31	1	we	we	PRON
ajfa-5212	31	2	recognize	recognize	VERB
ajfa-5212	31	3	that	that	SCONJ
ajfa-5212	31	4	this	this	DET
ajfa-5212	31	5	approach	approach	NOUN
ajfa-5212	31	6	can	can	AUX
ajfa-5212	31	7	completely	completely	ADV
ajfa-5212	31	8	and	and	CCONJ
ajfa-5212	31	9	comprehensively	comprehensively	ADV
ajfa-5212	31	10	impact	impact	VERB
ajfa-5212	31	11	the	the	DET
ajfa-5212	31	12	factors	factor	NOUN
ajfa-5212	31	13	influencing	influence	VERB
ajfa-5212	31	14	lending	lending	NOUN
ajfa-5212	31	15	performance	performance	NOUN
ajfa-5212	31	16	.	.	PUNCT
ajfa-5212	32	1	it	it	PRON
ajfa-5212	32	2	is	be	AUX
ajfa-5212	32	3	important	important	ADJ
ajfa-5212	32	4	to	to	PART
ajfa-5212	32	5	distinguish	distinguish	VERB
ajfa-5212	32	6	between	between	ADP
ajfa-5212	32	7	whether	whether	SCONJ
ajfa-5212	32	8	the	the	DET
ajfa-5212	32	9	lending	lending	NOUN
ajfa-5212	32	10	performance	performance	NOUN
ajfa-5212	32	11	improved	improve	VERB
ajfa-5212	32	12	with	with	ADP
ajfa-5212	32	13	the	the	DET
ajfa-5212	32	14	enhanced	enhance	VERB
ajfa-5212	32	15	lending	lending	NOUN
ajfa-5212	32	16	system	system	NOUN
ajfa-5212	32	17	and	and	CCONJ
ajfa-5212	32	18	whether	whether	SCONJ
ajfa-5212	32	19	the	the	DET
ajfa-5212	32	20	improvement	improvement	NOUN
ajfa-5212	32	21	in	in	ADP
ajfa-5212	32	22	lending	lending	NOUN
ajfa-5212	32	23	performance	performance	NOUN
ajfa-5212	32	24	was	be	AUX
ajfa-5212	32	25	simply	simply	ADV
ajfa-5212	32	26	due	due	ADJ
ajfa-5212	32	27	to	to	ADP
ajfa-5212	32	28	a	a	DET
ajfa-5212	32	29	changing	change	VERB
ajfa-5212	32	30	operating	operate	VERB
ajfa-5212	32	31	environment	environment	NOUN
ajfa-5212	32	32	.	.	PUNCT
ajfa-5212	33	1	regulators	regulator	NOUN
ajfa-5212	33	2	and	and	CCONJ
ajfa-5212	33	3	researchers	researcher	NOUN
ajfa-5212	33	4	are	be	AUX
ajfa-5212	33	5	particularly	particularly	ADV
ajfa-5212	33	6	interested	interested	ADJ
ajfa-5212	33	7	in	in	ADP
ajfa-5212	33	8	the	the	DET
ajfa-5212	33	9	lending	lending	NOUN
ajfa-5212	33	10	performance	performance	NOUN
ajfa-5212	33	11	of	of	ADP
ajfa-5212	33	12	banks	bank	NOUN
ajfa-5212	33	13	and	and	CCONJ
ajfa-5212	33	14	market	market	NOUN
ajfa-5212	33	15	conditions	condition	NOUN
ajfa-5212	33	16	have	have	AUX
ajfa-5212	33	17	changed	change	VERB
ajfa-5212	33	18	asian	asian	ADJ
ajfa-5212	33	19	journal	journal	NOUN
ajfa-5212	33	20	of	of	ADP
ajfa-5212	33	21	finance	finance	PROPN
ajfa-5212	33	22	&	&	CCONJ
ajfa-5212	33	23	accounting	accounting	PROPN
ajfa-5212	33	24	issn	issn	PROPN
ajfa-5212	33	25	1946	1946	NUM
ajfa-5212	33	26	-	-	PUNCT
ajfa-5212	33	27	052x	052x	PROPN
ajfa-5212	33	28	2014	2014	NUM
ajfa-5212	33	29	,	,	PUNCT
ajfa-5212	33	30	vol	vol	NOUN
ajfa-5212	33	31	.	.	PROPN
ajfa-5212	33	32	6	6	NUM
ajfa-5212	33	33	,	,	PUNCT
ajfa-5212	33	34	no	no	INTJ
ajfa-5212	33	35	.	.	NOUN
ajfa-5212	33	36	1	1	NUM
ajfa-5212	33	37	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	33	38	177	177	NUM
ajfa-5212	33	39	significantly	significantly	ADV
ajfa-5212	33	40	for	for	SCONJ
ajfa-5212	33	41	banks	bank	NOUN
ajfa-5212	33	42	as	as	ADP
ajfa-5212	33	43	the	the	DET
ajfa-5212	33	44	financial	financial	ADJ
ajfa-5212	33	45	system	system	NOUN
ajfa-5212	33	46	in	in	ADP
ajfa-5212	33	47	taiwan	taiwan	PROPN
ajfa-5212	33	48	has	have	AUX
ajfa-5212	33	49	undergone	undergo	VERB
ajfa-5212	33	50	drastic	drastic	ADJ
ajfa-5212	33	51	change	change	NOUN
ajfa-5212	33	52	.	.	PUNCT
ajfa-5212	34	1	therefore	therefore	ADV
ajfa-5212	34	2	,	,	PUNCT
ajfa-5212	34	3	the	the	DET
ajfa-5212	34	4	sample	sample	NOUN
ajfa-5212	34	5	period	period	NOUN
ajfa-5212	34	6	selected	select	VERB
ajfa-5212	34	7	in	in	ADP
ajfa-5212	34	8	this	this	DET
ajfa-5212	34	9	study	study	NOUN
ajfa-5212	34	10	covers	cover	VERB
ajfa-5212	34	11	a	a	DET
ajfa-5212	34	12	time	time	NOUN
ajfa-5212	34	13	period	period	NOUN
ajfa-5212	34	14	in	in	ADP
ajfa-5212	34	15	which	which	PRON
ajfa-5212	34	16	the	the	DET
ajfa-5212	34	17	financial	financial	ADJ
ajfa-5212	34	18	marketplace	marketplace	NOUN
ajfa-5212	34	19	has	have	AUX
ajfa-5212	34	20	undergone	undergo	VERB
ajfa-5212	34	21	serious	serious	ADJ
ajfa-5212	34	22	economic	economic	ADJ
ajfa-5212	34	23	and	and	CCONJ
ajfa-5212	34	24	financial	financial	ADJ
ajfa-5212	34	25	environmental	environmental	ADJ
ajfa-5212	34	26	change	change	NOUN
ajfa-5212	34	27	.	.	PUNCT
ajfa-5212	35	1	during	during	ADP
ajfa-5212	35	2	this	this	DET
ajfa-5212	35	3	period	period	NOUN
ajfa-5212	35	4	,	,	PUNCT
ajfa-5212	35	5	the	the	DET
ajfa-5212	35	6	taiwan	taiwan	PROPN
ajfa-5212	35	7	banking	banking	NOUN
ajfa-5212	35	8	industry	industry	NOUN
ajfa-5212	35	9	had	have	AUX
ajfa-5212	35	10	experienced	experience	VERB
ajfa-5212	35	11	two	two	NUM
ajfa-5212	35	12	major	major	ADJ
ajfa-5212	35	13	financial	financial	ADJ
ajfa-5212	35	14	events	event	NOUN
ajfa-5212	35	15	,	,	PUNCT
ajfa-5212	35	16	one	one	PRON
ajfa-5212	35	17	being	be	AUX
ajfa-5212	35	18	related	relate	VERB
ajfa-5212	35	19	to	to	ADP
ajfa-5212	35	20	corporate	corporate	ADJ
ajfa-5212	35	21	finance	finance	NOUN
ajfa-5212	35	22	and	and	CCONJ
ajfa-5212	35	23	the	the	DET
ajfa-5212	35	24	other	other	ADJ
ajfa-5212	35	25	to	to	ADP
ajfa-5212	35	26	retail	retail	ADJ
ajfa-5212	35	27	finance	finance	NOUN
ajfa-5212	35	28	.	.	PUNCT
ajfa-5212	36	1	in	in	ADP
ajfa-5212	36	2	accordance	accordance	NOUN
ajfa-5212	36	3	with	with	ADP
ajfa-5212	36	4	financial	financial	ADJ
ajfa-5212	36	5	statistics	statistic	NOUN
ajfa-5212	36	6	monthly	monthly	ADV
ajfa-5212	36	7	,	,	PUNCT
ajfa-5212	36	8	issued	issue	VERB
ajfa-5212	36	9	by	by	ADP
ajfa-5212	36	10	the	the	DET
ajfa-5212	36	11	central	central	ADJ
ajfa-5212	36	12	bank	bank	PROPN
ajfa-5212	36	13	of	of	ADP
ajfa-5212	36	14	republic	republic	PROPN
ajfa-5212	36	15	of	of	ADP
ajfa-5212	36	16	china	china	PROPN
ajfa-5212	36	17	,	,	PUNCT
ajfa-5212	36	18	we	we	PRON
ajfa-5212	36	19	classify	classify	VERB
ajfa-5212	36	20	our	our	PRON
ajfa-5212	36	21	samples	sample	NOUN
ajfa-5212	36	22	into	into	ADP
ajfa-5212	36	23	an	an	DET
ajfa-5212	36	24	empirical	empirical	ADJ
ajfa-5212	36	25	group	group	NOUN
ajfa-5212	36	26	(	(	PUNCT
ajfa-5212	36	27	with	with	ADP
ajfa-5212	36	28	more	more	ADJ
ajfa-5212	36	29	than	than	ADP
ajfa-5212	36	30	nt$50	nt$50	NOUN
ajfa-5212	36	31	billion	billion	NUM
ajfa-5212	36	32	of	of	ADP
ajfa-5212	36	33	accumulated	accumulate	VERB
ajfa-5212	36	34	bad	bad	ADJ
ajfa-5212	36	35	debts	debt	NOUN
ajfa-5212	36	36	written	write	VERB
ajfa-5212	36	37	off	off	ADP
ajfa-5212	36	38	in	in	ADP
ajfa-5212	36	39	the	the	DET
ajfa-5212	36	40	five	five	NUM
ajfa-5212	36	41	years	year	NOUN
ajfa-5212	36	42	prior	prior	ADV
ajfa-5212	36	43	to	to	ADP
ajfa-5212	36	44	2008	2008	NUM
ajfa-5212	36	45	,	,	PUNCT
ajfa-5212	36	46	referred	refer	VERB
ajfa-5212	36	47	to	to	ADP
ajfa-5212	36	48	as	as	ADP
ajfa-5212	36	49	“	"	PUNCT
ajfa-5212	36	50	wobd	wobd	NOUN
ajfa-5212	36	51	”	"	PUNCT
ajfa-5212	36	52	hereafter	hereafter	ADV
ajfa-5212	36	53	)	)	PUNCT
ajfa-5212	36	54	and	and	CCONJ
ajfa-5212	36	55	the	the	DET
ajfa-5212	36	56	control	control	NOUN
ajfa-5212	36	57	group2	group2	NOUN
ajfa-5212	36	58	(	(	PUNCT
ajfa-5212	36	59	without	without	ADP
ajfa-5212	36	60	nt$50	nt$50	NOUN
ajfa-5212	36	61	billion	billion	NUM
ajfa-5212	36	62	in	in	ADP
ajfa-5212	36	63	bad	bad	ADJ
ajfa-5212	36	64	debts	debt	NOUN
ajfa-5212	36	65	written	write	VERB
ajfa-5212	36	66	off	off	ADP
ajfa-5212	36	67	in	in	ADP
ajfa-5212	36	68	the	the	DET
ajfa-5212	36	69	five	five	NUM
ajfa-5212	36	70	years	year	NOUN
ajfa-5212	36	71	prior	prior	ADV
ajfa-5212	36	72	to	to	ADP
ajfa-5212	36	73	2008	2008	NUM
ajfa-5212	36	74	,	,	PUNCT
ajfa-5212	36	75	referred	refer	VERB
ajfa-5212	36	76	to	to	ADP
ajfa-5212	36	77	as	as	ADP
ajfa-5212	36	78	without	without	ADP
ajfa-5212	36	79	“	"	PUNCT
ajfa-5212	36	80	wobd	wobd	NOUN
ajfa-5212	36	81	”	"	PUNCT
ajfa-5212	36	82	hereafter	hereafter	ADV
ajfa-5212	36	83	)	)	PUNCT
ajfa-5212	36	84	.	.	PUNCT
ajfa-5212	37	1	we	we	PRON
ajfa-5212	37	2	refer	refer	VERB
ajfa-5212	37	3	to	to	ADP
ajfa-5212	37	4	the	the	DET
ajfa-5212	37	5	retail	retail	ADJ
ajfa-5212	37	6	finance	finance	NOUN
ajfa-5212	37	7	events	event	NOUN
ajfa-5212	37	8	as	as	ADP
ajfa-5212	37	9	a	a	DET
ajfa-5212	37	10	credit	credit	NOUN
ajfa-5212	37	11	card	card	NOUN
ajfa-5212	37	12	storm	storm	NOUN
ajfa-5212	37	13	,	,	PUNCT
ajfa-5212	37	14	and	and	CCONJ
ajfa-5212	37	15	also	also	ADV
ajfa-5212	37	16	divide	divide	VERB
ajfa-5212	37	17	the	the	DET
ajfa-5212	37	18	samples	sample	NOUN
ajfa-5212	37	19	into	into	ADP
ajfa-5212	37	20	an	an	DET
ajfa-5212	37	21	empirical	empirical	ADJ
ajfa-5212	37	22	group	group	NOUN
ajfa-5212	37	23	(	(	PUNCT
ajfa-5212	37	24	with	with	ADP
ajfa-5212	37	25	heavy	heavy	ADJ
ajfa-5212	37	26	credit	credit	NOUN
ajfa-5212	37	27	card	card	NOUN
ajfa-5212	37	28	losses	loss	NOUN
ajfa-5212	37	29	,	,	PUNCT
ajfa-5212	37	30	hereafter	hereafter	ADV
ajfa-5212	37	31	referred	refer	VERB
ajfa-5212	37	32	to	to	ADP
ajfa-5212	37	33	as	as	ADP
ajfa-5212	37	34	“	"	PUNCT
ajfa-5212	37	35	hccl	hccl	NOUN
ajfa-5212	37	36	”	"	PUNCT
ajfa-5212	37	37	)	)	PUNCT
ajfa-5212	37	38	and	and	CCONJ
ajfa-5212	37	39	a	a	DET
ajfa-5212	37	40	control	control	NOUN
ajfa-5212	37	41	group3	group3	NOUN
ajfa-5212	37	42	(	(	PUNCT
ajfa-5212	37	43	without	without	ADP
ajfa-5212	37	44	heavy	heavy	ADJ
ajfa-5212	37	45	credit	credit	NOUN
ajfa-5212	37	46	card	card	NOUN
ajfa-5212	37	47	losses	loss	NOUN
ajfa-5212	37	48	,	,	PUNCT
ajfa-5212	37	49	hereafter	hereafter	ADV
ajfa-5212	37	50	referred	refer	VERB
ajfa-5212	37	51	to	to	ADP
ajfa-5212	37	52	as	as	ADP
ajfa-5212	37	53	without	without	ADP
ajfa-5212	37	54	“	"	PUNCT
ajfa-5212	37	55	hccl	hccl	NOUN
ajfa-5212	37	56	”	"	PUNCT
ajfa-5212	37	57	)	)	PUNCT
ajfa-5212	37	58	.	.	PUNCT
ajfa-5212	38	1	in	in	ADP
ajfa-5212	38	2	taiwan	taiwan	PROPN
ajfa-5212	38	3	,	,	PUNCT
ajfa-5212	38	4	mlbs	mlb	NOUN
ajfa-5212	38	5	have	have	VERB
ajfa-5212	38	6	more	more	ADJ
ajfa-5212	38	7	flexibility	flexibility	NOUN
ajfa-5212	38	8	in	in	ADP
ajfa-5212	38	9	raising	raise	VERB
ajfa-5212	38	10	capital	capital	NOUN
ajfa-5212	38	11	.	.	PUNCT
ajfa-5212	39	1	they	they	PRON
ajfa-5212	39	2	can	can	AUX
ajfa-5212	39	3	borrow	borrow	VERB
ajfa-5212	39	4	from	from	ADP
ajfa-5212	39	5	banks	bank	NOUN
ajfa-5212	39	6	issuing	issue	VERB
ajfa-5212	39	7	commercial	commercial	ADJ
ajfa-5212	39	8	paper	paper	NOUN
ajfa-5212	39	9	,	,	PUNCT
ajfa-5212	39	10	straight	straight	ADJ
ajfa-5212	39	11	bonds	bond	NOUN
ajfa-5212	39	12	or	or	CCONJ
ajfa-5212	39	13	convertible	convertible	ADJ
ajfa-5212	39	14	bonds4	bonds4	NOUN
ajfa-5212	39	15	.	.	PUNCT
ajfa-5212	40	1	however	however	ADV
ajfa-5212	40	2	,	,	PUNCT
ajfa-5212	40	3	msbs	msbs	NOUN
ajfa-5212	40	4	can	can	AUX
ajfa-5212	40	5	only	only	ADV
ajfa-5212	40	6	borrow	borrow	VERB
ajfa-5212	40	7	from	from	ADP
ajfa-5212	40	8	banks	bank	NOUN
ajfa-5212	40	9	.	.	PUNCT
ajfa-5212	41	1	therefore	therefore	ADV
ajfa-5212	41	2	,	,	PUNCT
ajfa-5212	41	3	we	we	PRON
ajfa-5212	41	4	divide	divide	VERB
ajfa-5212	41	5	the	the	DET
ajfa-5212	41	6	borrowers	borrower	NOUN
ajfa-5212	41	7	into	into	ADP
ajfa-5212	41	8	msbs	msbs	NOUN
ajfa-5212	41	9	and	and	CCONJ
ajfa-5212	41	10	mlbs5	mlbs5	NOUN
ajfa-5212	41	11	while	while	SCONJ
ajfa-5212	41	12	performing	perform	VERB
ajfa-5212	41	13	the	the	DET
ajfa-5212	41	14	statistical	statistical	ADJ
ajfa-5212	41	15	analysis	analysis	NOUN
ajfa-5212	41	16	and	and	CCONJ
ajfa-5212	41	17	carrying	carry	VERB
ajfa-5212	41	18	out	out	ADP
ajfa-5212	41	19	the	the	DET
ajfa-5212	41	20	tests	test	NOUN
ajfa-5212	41	21	.	.	PUNCT
ajfa-5212	42	1	we	we	PRON
ajfa-5212	42	2	look	look	VERB
ajfa-5212	42	3	at	at	ADP
ajfa-5212	42	4	the	the	DET
ajfa-5212	42	5	impact	impact	NOUN
ajfa-5212	42	6	of	of	ADP
ajfa-5212	42	7	information	information	NOUN
ajfa-5212	42	8	asymmetry	asymmetry	NOUN
ajfa-5212	42	9	and	and	CCONJ
ajfa-5212	42	10	client	client	NOUN
ajfa-5212	42	11	credit	credit	NOUN
ajfa-5212	42	12	on	on	ADP
ajfa-5212	42	13	lending	lending	NOUN
ajfa-5212	42	14	performance	performance	NOUN
ajfa-5212	42	15	for	for	ADP
ajfa-5212	42	16	different	different	ADJ
ajfa-5212	42	17	sizes	size	NOUN
ajfa-5212	42	18	of	of	ADP
ajfa-5212	42	19	firms	firm	NOUN
ajfa-5212	42	20	.	.	PUNCT
ajfa-5212	43	1	furthermore	furthermore	ADV
ajfa-5212	43	2	,	,	PUNCT
ajfa-5212	43	3	we	we	PRON
ajfa-5212	43	4	are	be	AUX
ajfa-5212	43	5	of	of	ADP
ajfa-5212	43	6	the	the	DET
ajfa-5212	43	7	opinion	opinion	NOUN
ajfa-5212	43	8	that	that	SCONJ
ajfa-5212	43	9	lending	lending	NOUN
ajfa-5212	43	10	performance	performance	NOUN
ajfa-5212	43	11	may	may	AUX
ajfa-5212	43	12	differ	differ	VERB
ajfa-5212	43	13	by	by	ADP
ajfa-5212	43	14	type	type	NOUN
ajfa-5212	43	15	of	of	ADP
ajfa-5212	43	16	banks	bank	NOUN
ajfa-5212	43	17	due	due	ADJ
ajfa-5212	43	18	to	to	ADP
ajfa-5212	43	19	different	different	ADJ
ajfa-5212	43	20	risks	risk	NOUN
ajfa-5212	43	21	from	from	ADP
ajfa-5212	43	22	corporate	corporate	ADJ
ajfa-5212	43	23	and	and	CCONJ
ajfa-5212	43	24	retail	retail	ADJ
ajfa-5212	43	25	finance	finance	NOUN
ajfa-5212	43	26	.	.	PUNCT
ajfa-5212	44	1	thus	thus	ADV
ajfa-5212	44	2	,	,	PUNCT
ajfa-5212	44	3	we	we	PRON
ajfa-5212	44	4	divide	divide	VERB
ajfa-5212	44	5	the	the	DET
ajfa-5212	44	6	banks	bank	NOUN
ajfa-5212	44	7	into	into	ADP
ajfa-5212	44	8	banks	bank	NOUN
ajfa-5212	44	9	with	with	ADP
ajfa-5212	44	10	and	and	CCONJ
ajfa-5212	44	11	without	without	ADP
ajfa-5212	44	12	heavy	heavy	ADJ
ajfa-5212	44	13	losses	loss	NOUN
ajfa-5212	44	14	from	from	ADP
ajfa-5212	44	15	corporate	corporate	ADJ
ajfa-5212	44	16	or	or	CCONJ
ajfa-5212	44	17	retail	retail	ADJ
ajfa-5212	44	18	finance	finance	NOUN
ajfa-5212	44	19	.	.	PUNCT
ajfa-5212	45	1	in	in	ADP
ajfa-5212	45	2	a	a	DET
ajfa-5212	45	3	nutshell	nutshell	NOUN
ajfa-5212	45	4	,	,	PUNCT
ajfa-5212	45	5	our	our	PRON
ajfa-5212	45	6	samples	sample	NOUN
ajfa-5212	45	7	are	be	AUX
ajfa-5212	45	8	classified	classify	VERB
ajfa-5212	45	9	as	as	ADP
ajfa-5212	45	10	consisting	consist	VERB
ajfa-5212	45	11	of	of	ADP
ajfa-5212	45	12	borrowers	borrower	NOUN
ajfa-5212	45	13	obtaining	obtain	VERB
ajfa-5212	45	14	finance	finance	NOUN
ajfa-5212	45	15	from	from	ADP
ajfa-5212	45	16	banks	bank	NOUN
ajfa-5212	45	17	with	with	ADP
ajfa-5212	45	18	“	"	PUNCT
ajfa-5212	45	19	wobd	wobd	NOUN
ajfa-5212	45	20	”	"	PUNCT
ajfa-5212	45	21	or	or	CCONJ
ajfa-5212	45	22	without	without	ADP
ajfa-5212	45	23	“	"	PUNCT
ajfa-5212	45	24	wobd	wobd	NOUN
ajfa-5212	45	25	”	"	PUNCT
ajfa-5212	45	26	and	and	CCONJ
ajfa-5212	45	27	borrowers	borrower	NOUN
ajfa-5212	45	28	obtaining	obtain	VERB
ajfa-5212	45	29	finance	finance	NOUN
ajfa-5212	45	30	from	from	ADP
ajfa-5212	45	31	banks	bank	NOUN
ajfa-5212	45	32	with	with	ADP
ajfa-5212	45	33	“	"	PUNCT
ajfa-5212	45	34	hccl	hccl	PROPN
ajfa-5212	45	35	”	"	PUNCT
ajfa-5212	45	36	or	or	CCONJ
ajfa-5212	45	37	without	without	ADP
ajfa-5212	45	38	“	"	PUNCT
ajfa-5212	45	39	hccl	hccl	PROPN
ajfa-5212	45	40	”	"	PUNCT
ajfa-5212	45	41	.	.	PUNCT
ajfa-5212	46	1	to	to	PART
ajfa-5212	46	2	clarify	clarify	VERB
ajfa-5212	46	3	the	the	DET
ajfa-5212	46	4	direct	direct	ADJ
ajfa-5212	46	5	and	and	CCONJ
ajfa-5212	46	6	indirect	indirect	ADJ
ajfa-5212	46	7	impacts	impact	NOUN
ajfa-5212	46	8	of	of	ADP
ajfa-5212	46	9	the	the	DET
ajfa-5212	46	10	differences	difference	NOUN
ajfa-5212	46	11	in	in	ADP
ajfa-5212	46	12	corporate	corporate	ADJ
ajfa-5212	46	13	and	and	CCONJ
ajfa-5212	46	14	retail	retail	ADJ
ajfa-5212	46	15	finance	finance	NOUN
ajfa-5212	46	16	,	,	PUNCT
ajfa-5212	46	17	we	we	PRON
ajfa-5212	46	18	deliberately	deliberately	ADV
ajfa-5212	46	19	verify	verify	VERB
ajfa-5212	46	20	the	the	DET
ajfa-5212	46	21	impacts	impact	NOUN
ajfa-5212	46	22	of	of	ADP
ajfa-5212	46	23	the	the	DET
ajfa-5212	46	24	events	event	NOUN
ajfa-5212	46	25	individually6	individually6	NOUN
ajfa-5212	46	26	.	.	PUNCT
ajfa-5212	47	1	all	all	DET
ajfa-5212	47	2	banks	bank	NOUN
ajfa-5212	47	3	are	be	AUX
ajfa-5212	47	4	simply	simply	ADV
ajfa-5212	47	5	divided	divide	VERB
ajfa-5212	47	6	into	into	ADP
ajfa-5212	47	7	banks	bank	NOUN
ajfa-5212	47	8	“	"	PUNCT
ajfa-5212	47	9	with	with	ADP
ajfa-5212	47	10	”	"	PUNCT
ajfa-5212	47	11	and	and	CCONJ
ajfa-5212	47	12	“	"	PUNCT
ajfa-5212	47	13	without	without	ADP
ajfa-5212	47	14	”	"	PUNCT
ajfa-5212	47	15	“	"	PUNCT
ajfa-5212	47	16	wobd	wobd	NOUN
ajfa-5212	47	17	”	"	PUNCT
ajfa-5212	47	18	and	and	CCONJ
ajfa-5212	47	19	“	"	PUNCT
ajfa-5212	47	20	hccl	hccl	PROPN
ajfa-5212	47	21	”	"	PUNCT
ajfa-5212	47	22	,	,	PUNCT
ajfa-5212	47	23	to	to	PART
ajfa-5212	47	24	reflect	reflect	VERB
ajfa-5212	47	25	the	the	DET
ajfa-5212	47	26	level	level	NOUN
ajfa-5212	47	27	of	of	ADP
ajfa-5212	47	28	lending	lending	NOUN
ajfa-5212	47	29	performance	performance	NOUN
ajfa-5212	47	30	and	and	CCONJ
ajfa-5212	47	31	credit	credit	NOUN
ajfa-5212	47	32	risk	risk	NOUN
ajfa-5212	47	33	.	.	PUNCT
ajfa-5212	48	1	the	the	DET
ajfa-5212	48	2	empirical	empirical	ADJ
ajfa-5212	48	3	work	work	NOUN
ajfa-5212	48	4	is	be	AUX
ajfa-5212	48	5	summarized	summarize	VERB
ajfa-5212	48	6	as	as	SCONJ
ajfa-5212	48	7	follows	follow	VERB
ajfa-5212	48	8	:	:	PUNCT
ajfa-5212	48	9	(	(	PUNCT
ajfa-5212	48	10	1	1	X
ajfa-5212	48	11	)	)	PUNCT
ajfa-5212	48	12	by	by	ADP
ajfa-5212	48	13	comparing	compare	VERB
ajfa-5212	48	14	the	the	DET
ajfa-5212	48	15	information	information	NOUN
ajfa-5212	48	16	asymmetry	asymmetry	NOUN
ajfa-5212	48	17	and	and	CCONJ
ajfa-5212	48	18	client	client	NOUN
ajfa-5212	48	19	credit7	credit7	NOUN
ajfa-5212	48	20	for	for	ADP
ajfa-5212	48	21	banks	bank	NOUN
ajfa-5212	48	22	with	with	ADP
ajfa-5212	48	23	and	and	CCONJ
ajfa-5212	48	24	without	without	ADP
ajfa-5212	48	25	“	"	PUNCT
ajfa-5212	48	26	wobd	wobd	NOUN
ajfa-5212	48	27	”	"	PUNCT
ajfa-5212	48	28	through	through	ADP
ajfa-5212	48	29	the	the	DET
ajfa-5212	48	30	use	use	NOUN
ajfa-5212	48	31	of	of	ADP
ajfa-5212	48	32	the	the	DET
ajfa-5212	48	33	t	t	PROPN
ajfa-5212	48	34	-	-	PUNCT
ajfa-5212	48	35	statistics	statistic	NOUN
ajfa-5212	48	36	test	test	NOUN
ajfa-5212	48	37	and	and	CCONJ
ajfa-5212	48	38	the	the	DET
ajfa-5212	48	39	non	non	ADJ
ajfa-5212	48	40	-	-	ADJ
ajfa-5212	48	41	parametric	parametric	ADJ
ajfa-5212	48	42	wilcoxon	wilcoxon	ADJ
ajfa-5212	48	43	rank	rank	NOUN
ajfa-5212	48	44	-	-	PUNCT
ajfa-5212	48	45	sum	sum	NOUN
ajfa-5212	48	46	test	test	NOUN
ajfa-5212	48	47	,	,	PUNCT
ajfa-5212	48	48	we	we	PRON
ajfa-5212	48	49	examine	examine	VERB
ajfa-5212	48	50	whether	whether	SCONJ
ajfa-5212	48	51	there	there	PRON
ajfa-5212	48	52	are	be	VERB
ajfa-5212	48	53	significant	significant	ADJ
ajfa-5212	48	54	differences	difference	NOUN
ajfa-5212	48	55	for	for	ADP
ajfa-5212	48	56	these	these	DET
ajfa-5212	48	57	two	two	NUM
ajfa-5212	48	58	types	type	NOUN
ajfa-5212	48	59	of	of	ADP
ajfa-5212	48	60	banks	bank	NOUN
ajfa-5212	48	61	.	.	PUNCT
ajfa-5212	49	1	(	(	PUNCT
ajfa-5212	49	2	2	2	NUM
ajfa-5212	49	3	)	)	PUNCT
ajfa-5212	49	4	by	by	ADP
ajfa-5212	49	5	comparing	compare	VERB
ajfa-5212	49	6	the	the	DET
ajfa-5212	49	7	information	information	NOUN
ajfa-5212	49	8	asymmetry	asymmetry	NOUN
ajfa-5212	49	9	and	and	CCONJ
ajfa-5212	49	10	client	client	NOUN
ajfa-5212	49	11	credit	credit	NOUN
ajfa-5212	49	12	for	for	ADP
ajfa-5212	49	13	banks	bank	NOUN
ajfa-5212	49	14	with	with	ADP
ajfa-5212	49	15	and	and	CCONJ
ajfa-5212	49	16	without	without	ADP
ajfa-5212	49	17	“	"	PUNCT
ajfa-5212	49	18	hccl	hccl	NOUN
ajfa-5212	49	19	”	"	PUNCT
ajfa-5212	49	20	using	use	VERB
ajfa-5212	49	21	the	the	DET
ajfa-5212	49	22	t	t	PROPN
ajfa-5212	49	23	-	-	PUNCT
ajfa-5212	49	24	statistics	statistic	NOUN
ajfa-5212	49	25	test	test	NOUN
ajfa-5212	49	26	and	and	CCONJ
ajfa-5212	49	27	the	the	DET
ajfa-5212	49	28	non	non	ADJ
ajfa-5212	49	29	-	-	ADJ
ajfa-5212	49	30	parametric	parametric	ADJ
ajfa-5212	49	31	wilcoxon	wilcoxon	ADJ
ajfa-5212	49	32	rank	rank	NOUN
ajfa-5212	49	33	-	-	PUNCT
ajfa-5212	49	34	sum	sum	NOUN
ajfa-5212	49	35	test	test	NOUN
ajfa-5212	49	36	,	,	PUNCT
ajfa-5212	49	37	we	we	PRON
ajfa-5212	49	38	examine	examine	VERB
ajfa-5212	49	39	whether	whether	SCONJ
ajfa-5212	49	40	there	there	PRON
ajfa-5212	49	41	are	be	VERB
ajfa-5212	49	42	significant	significant	ADJ
ajfa-5212	49	43	differences	difference	NOUN
ajfa-5212	49	44	between	between	ADP
ajfa-5212	49	45	these	these	DET
ajfa-5212	49	46	two	two	NUM
ajfa-5212	49	47	types	type	NOUN
ajfa-5212	49	48	of	of	ADP
ajfa-5212	49	49	banks	bank	NOUN
ajfa-5212	49	50	.	.	PUNCT
ajfa-5212	50	1	(	(	PUNCT
ajfa-5212	50	2	3	3	X
ajfa-5212	50	3	)	)	PUNCT
ajfa-5212	50	4	we	we	PRON
ajfa-5212	50	5	then	then	ADV
ajfa-5212	50	6	segment	segment	VERB
ajfa-5212	50	7	the	the	DET
ajfa-5212	50	8	samples	sample	NOUN
ajfa-5212	50	9	into	into	ADP
ajfa-5212	50	10	high	high	ADJ
ajfa-5212	50	11	-	-	PUNCT
ajfa-5212	50	12	performance	performance	NOUN
ajfa-5212	50	13	and	and	CCONJ
ajfa-5212	50	14	low	low	ADJ
ajfa-5212	50	15	-	-	PUNCT
ajfa-5212	50	16	performance	performance	NOUN
ajfa-5212	50	17	banks	bank	NOUN
ajfa-5212	50	18	based	base	VERB
ajfa-5212	50	19	on	on	ADP
ajfa-5212	50	20	“	"	PUNCT
ajfa-5212	50	21	wobd	wobd	NOUN
ajfa-5212	50	22	”	"	PUNCT
ajfa-5212	50	23	.	.	PUNCT
ajfa-5212	51	1	banks	bank	NOUN
ajfa-5212	51	2	with	with	ADP
ajfa-5212	51	3	“	"	PUNCT
ajfa-5212	51	4	wobd	wobd	NOUN
ajfa-5212	51	5	”	"	PUNCT
ajfa-5212	51	6	are	be	AUX
ajfa-5212	51	7	categorized	categorize	VERB
ajfa-5212	51	8	as	as	ADP
ajfa-5212	51	9	banks	bank	NOUN
ajfa-5212	51	10	with	with	ADP
ajfa-5212	51	11	low	low	ADJ
ajfa-5212	51	12	-	-	PUNCT
ajfa-5212	51	13	performance	performance	NOUN
ajfa-5212	51	14	and	and	CCONJ
ajfa-5212	51	15	high	high	ADJ
ajfa-5212	51	16	credit	credit	NOUN
ajfa-5212	51	17	risk	risk	NOUN
ajfa-5212	51	18	,	,	PUNCT
ajfa-5212	51	19	whereas	whereas	SCONJ
ajfa-5212	51	20	banks	bank	NOUN
ajfa-5212	51	21	without	without	ADP
ajfa-5212	51	22	“	"	PUNCT
ajfa-5212	51	23	wobd	wobd	NOUN
ajfa-5212	51	24	are	be	AUX
ajfa-5212	51	25	categorized	categorize	VERB
ajfa-5212	51	26	as	as	ADP
ajfa-5212	51	27	having	have	VERB
ajfa-5212	51	28	high	high	ADJ
ajfa-5212	51	29	-	-	PUNCT
ajfa-5212	51	30	performance	performance	NOUN
ajfa-5212	51	31	and	and	CCONJ
ajfa-5212	51	32	low	low	ADJ
ajfa-5212	51	33	credit	credit	NOUN
ajfa-5212	51	34	risk	risk	NOUN
ajfa-5212	51	35	.	.	PUNCT
ajfa-5212	52	1	the	the	DET
ajfa-5212	52	2	logistic	logistic	ADJ
ajfa-5212	52	3	regression	regression	NOUN
ajfa-5212	52	4	models	model	NOUN
ajfa-5212	52	5	each	each	PRON
ajfa-5212	52	6	have	have	VERB
ajfa-5212	52	7	a	a	DET
ajfa-5212	52	8	set	set	NOUN
ajfa-5212	52	9	of	of	ADP
ajfa-5212	52	10	independent	independent	ADJ
ajfa-5212	52	11	variables	variable	NOUN
ajfa-5212	52	12	,	,	PUNCT
ajfa-5212	52	13	including	include	VERB
ajfa-5212	52	14	information	information	NOUN
ajfa-5212	52	15	asymmetry	asymmetry	NOUN
ajfa-5212	52	16	and	and	CCONJ
ajfa-5212	52	17	client	client	NOUN
ajfa-5212	52	18	credit	credit	NOUN
ajfa-5212	52	19	.	.	PUNCT
ajfa-5212	53	1	using	use	VERB
ajfa-5212	53	2	the	the	DET
ajfa-5212	53	3	logit	logit	PROPN
ajfa-5212	53	4	model	model	NOUN
ajfa-5212	53	5	,	,	PUNCT
ajfa-5212	53	6	we	we	PRON
ajfa-5212	53	7	investigate	investigate	VERB
ajfa-5212	53	8	whether	whether	SCONJ
ajfa-5212	53	9	the	the	DET
ajfa-5212	53	10	borrowers	borrower	NOUN
ajfa-5212	53	11	’	’	PART
ajfa-5212	53	12	information	information	NOUN
ajfa-5212	53	13	asymmetry	asymmetry	NOUN
ajfa-5212	53	14	and	and	CCONJ
ajfa-5212	53	15	credit	credit	NOUN
ajfa-5212	53	16	records	record	NOUN
ajfa-5212	53	17	contain	contain	VERB
ajfa-5212	53	18	statistically	statistically	ADV
ajfa-5212	53	19	significant	significant	ADJ
ajfa-5212	53	20	differences	difference	NOUN
ajfa-5212	53	21	among	among	ADP
ajfa-5212	53	22	the	the	DET
ajfa-5212	53	23	banks	bank	NOUN
ajfa-5212	53	24	with	with	ADP
ajfa-5212	53	25	and	and	CCONJ
ajfa-5212	53	26	without	without	ADP
ajfa-5212	53	27	“	"	PUNCT
ajfa-5212	53	28	wobd	wobd	NOUN
ajfa-5212	53	29	”	"	PUNCT
ajfa-5212	53	30	.	.	PUNCT
ajfa-5212	54	1	(	(	PUNCT
ajfa-5212	54	2	4	4	X
ajfa-5212	54	3	)	)	PUNCT
ajfa-5212	54	4	finally	finally	ADV
ajfa-5212	54	5	,	,	PUNCT
ajfa-5212	54	6	we	we	PRON
ajfa-5212	54	7	regard	regard	VERB
ajfa-5212	54	8	banks	bank	NOUN
ajfa-5212	54	9	with	with	ADP
ajfa-5212	54	10	“	"	PUNCT
ajfa-5212	54	11	hccl	hccl	PROPN
ajfa-5212	54	12	”	"	PUNCT
ajfa-5212	54	13	as	as	SCONJ
ajfa-5212	54	14	the	the	DET
ajfa-5212	54	15	banks	bank	NOUN
ajfa-5212	54	16	with	with	ADP
ajfa-5212	54	17	low	low	ADJ
ajfa-5212	54	18	-	-	PUNCT
ajfa-5212	54	19	performance	performance	NOUN
ajfa-5212	54	20	and	and	CCONJ
ajfa-5212	54	21	high	high	ADJ
ajfa-5212	54	22	credit	credit	NOUN
ajfa-5212	54	23	risk	risk	NOUN
ajfa-5212	54	24	(	(	PUNCT
ajfa-5212	54	25	the	the	DET
ajfa-5212	54	26	value	value	NOUN
ajfa-5212	54	27	of	of	ADP
ajfa-5212	54	28	the	the	DET
ajfa-5212	54	29	dependent	dependent	ADJ
ajfa-5212	54	30	variable	variable	NOUN
ajfa-5212	54	31	in	in	ADP
ajfa-5212	54	32	the	the	DET
ajfa-5212	54	33	empirical	empirical	ADJ
ajfa-5212	54	34	asian	asian	ADJ
ajfa-5212	54	35	journal	journal	NOUN
ajfa-5212	54	36	of	of	ADP
ajfa-5212	54	37	finance	finance	PROPN
ajfa-5212	54	38	&	&	CCONJ
ajfa-5212	54	39	accounting	accounting	PROPN
ajfa-5212	54	40	issn	issn	PROPN
ajfa-5212	54	41	1946	1946	NUM
ajfa-5212	54	42	-	-	PUNCT
ajfa-5212	54	43	052x	052x	PROPN
ajfa-5212	54	44	2014	2014	NUM
ajfa-5212	54	45	,	,	PUNCT
ajfa-5212	54	46	vol	vol	NOUN
ajfa-5212	54	47	.	.	PROPN
ajfa-5212	54	48	6	6	NUM
ajfa-5212	54	49	,	,	PUNCT
ajfa-5212	54	50	no	no	INTJ
ajfa-5212	54	51	.	.	NOUN
ajfa-5212	54	52	1	1	NUM
ajfa-5212	54	53	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	54	54	178	178	NUM
ajfa-5212	54	55	model	model	NOUN
ajfa-5212	54	56	equals	equal	VERB
ajfa-5212	54	57	1	1	NUM
ajfa-5212	54	58	)	)	PUNCT
ajfa-5212	54	59	.	.	PUNCT
ajfa-5212	55	1	by	by	ADP
ajfa-5212	55	2	contrast	contrast	NOUN
ajfa-5212	55	3	,	,	PUNCT
ajfa-5212	55	4	we	we	PRON
ajfa-5212	55	5	regard	regard	VERB
ajfa-5212	55	6	banks	bank	NOUN
ajfa-5212	55	7	without	without	ADP
ajfa-5212	55	8	“	"	PUNCT
ajfa-5212	55	9	hccl	hccl	PROPN
ajfa-5212	55	10	”	"	PUNCT
ajfa-5212	55	11	as	as	SCONJ
ajfa-5212	55	12	those	those	DET
ajfa-5212	55	13	banks	bank	NOUN
ajfa-5212	55	14	with	with	ADP
ajfa-5212	55	15	high	high	ADJ
ajfa-5212	55	16	-	-	PUNCT
ajfa-5212	55	17	performance	performance	NOUN
ajfa-5212	55	18	and	and	CCONJ
ajfa-5212	55	19	low	low	ADJ
ajfa-5212	55	20	credit	credit	NOUN
ajfa-5212	55	21	risk	risk	NOUN
ajfa-5212	55	22	(	(	PUNCT
ajfa-5212	55	23	the	the	DET
ajfa-5212	55	24	value	value	NOUN
ajfa-5212	55	25	of	of	ADP
ajfa-5212	55	26	the	the	DET
ajfa-5212	55	27	dependent	dependent	ADJ
ajfa-5212	55	28	variable	variable	NOUN
ajfa-5212	55	29	equals	equal	VERB
ajfa-5212	55	30	0	0	NUM
ajfa-5212	55	31	)	)	PUNCT
ajfa-5212	55	32	.	.	PUNCT
ajfa-5212	56	1	using	use	VERB
ajfa-5212	56	2	a	a	DET
ajfa-5212	56	3	logit	logit	NOUN
ajfa-5212	56	4	model	model	NOUN
ajfa-5212	56	5	,	,	PUNCT
ajfa-5212	56	6	we	we	PRON
ajfa-5212	56	7	investigate	investigate	VERB
ajfa-5212	56	8	whether	whether	SCONJ
ajfa-5212	56	9	the	the	DET
ajfa-5212	56	10	borrowers	borrower	NOUN
ajfa-5212	56	11	’	’	PART
ajfa-5212	56	12	information	information	NOUN
ajfa-5212	56	13	asymmetries	asymmetry	NOUN
ajfa-5212	56	14	and	and	CCONJ
ajfa-5212	56	15	credit	credit	NOUN
ajfa-5212	56	16	records	record	NOUN
ajfa-5212	56	17	are	be	AUX
ajfa-5212	56	18	characterized	characterize	VERB
ajfa-5212	56	19	by	by	ADP
ajfa-5212	56	20	statistically	statistically	ADV
ajfa-5212	56	21	significant	significant	ADJ
ajfa-5212	56	22	differences	difference	NOUN
ajfa-5212	56	23	between	between	ADP
ajfa-5212	56	24	the	the	DET
ajfa-5212	56	25	banks	bank	NOUN
ajfa-5212	56	26	with	with	ADP
ajfa-5212	56	27	and	and	CCONJ
ajfa-5212	56	28	those	those	PRON
ajfa-5212	56	29	without	without	ADP
ajfa-5212	56	30	“	"	PUNCT
ajfa-5212	56	31	hccl	hccl	PROPN
ajfa-5212	56	32	”	"	PUNCT
ajfa-5212	56	33	.	.	PUNCT
ajfa-5212	57	1	2	2	X
ajfa-5212	57	2	.	.	X
ajfa-5212	57	3	literature	literature	NOUN
ajfa-5212	57	4	review	review	PROPN
ajfa-5212	57	5	and	and	CCONJ
ajfa-5212	57	6	hypothesis	hypothesis	NOUN
ajfa-5212	57	7	development	development	NOUN
ajfa-5212	57	8	2.1	2.1	NUM
ajfa-5212	57	9	literature	literature	NOUN
ajfa-5212	57	10	review	review	NOUN
ajfa-5212	57	11	myers	myer	NOUN
ajfa-5212	57	12	and	and	CCONJ
ajfa-5212	57	13	majluf	majluf	PROPN
ajfa-5212	57	14	(	(	PUNCT
ajfa-5212	57	15	1984	1984	NUM
ajfa-5212	57	16	)	)	PUNCT
ajfa-5212	57	17	indicated	indicate	VERB
ajfa-5212	57	18	that	that	SCONJ
ajfa-5212	57	19	firms	firm	NOUN
ajfa-5212	57	20	that	that	PRON
ajfa-5212	57	21	have	have	AUX
ajfa-5212	57	22	been	be	AUX
ajfa-5212	57	23	in	in	ADP
ajfa-5212	57	24	existence	existence	NOUN
ajfa-5212	57	25	for	for	ADP
ajfa-5212	57	26	only	only	ADV
ajfa-5212	57	27	a	a	DET
ajfa-5212	57	28	short	short	ADJ
ajfa-5212	57	29	time	time	NOUN
ajfa-5212	57	30	and	and	CCONJ
ajfa-5212	57	31	firms	firm	NOUN
ajfa-5212	57	32	that	that	PRON
ajfa-5212	57	33	are	be	AUX
ajfa-5212	57	34	small	small	ADJ
ajfa-5212	57	35	in	in	ADP
ajfa-5212	57	36	size	size	NOUN
ajfa-5212	57	37	tend	tend	VERB
ajfa-5212	57	38	to	to	PART
ajfa-5212	57	39	be	be	AUX
ajfa-5212	57	40	characterized	characterize	VERB
ajfa-5212	57	41	by	by	ADP
ajfa-5212	57	42	severe	severe	ADJ
ajfa-5212	57	43	information	information	NOUN
ajfa-5212	57	44	asymmetry	asymmetry	NOUN
ajfa-5212	57	45	,	,	PUNCT
ajfa-5212	57	46	and	and	CCONJ
ajfa-5212	57	47	therefore	therefore	ADV
ajfa-5212	57	48	banks	bank	NOUN
ajfa-5212	57	49	are	be	AUX
ajfa-5212	57	50	reluctant	reluctant	ADJ
ajfa-5212	57	51	to	to	PART
ajfa-5212	57	52	lend	lend	VERB
ajfa-5212	57	53	to	to	ADP
ajfa-5212	57	54	them	they	PRON
ajfa-5212	57	55	.	.	PUNCT
ajfa-5212	58	1	these	these	DET
ajfa-5212	58	2	firms	firm	NOUN
ajfa-5212	58	3	thus	thus	ADV
ajfa-5212	58	4	face	face	VERB
ajfa-5212	58	5	severe	severe	ADJ
ajfa-5212	58	6	financing	financing	NOUN
ajfa-5212	58	7	difficulties	difficulty	NOUN
ajfa-5212	58	8	.	.	PUNCT
ajfa-5212	59	1	lummer	lummer	PROPN
ajfa-5212	59	2	and	and	CCONJ
ajfa-5212	59	3	mcconnell	mcconnell	PROPN
ajfa-5212	59	4	(	(	PUNCT
ajfa-5212	59	5	1989	1989	NUM
ajfa-5212	59	6	)	)	PUNCT
ajfa-5212	59	7	,	,	PUNCT
ajfa-5212	59	8	however	however	ADV
ajfa-5212	59	9	,	,	PUNCT
ajfa-5212	59	10	found	find	VERB
ajfa-5212	59	11	that	that	SCONJ
ajfa-5212	59	12	creditor	creditor	NOUN
ajfa-5212	59	13	banks	bank	NOUN
ajfa-5212	59	14	are	be	AUX
ajfa-5212	59	15	still	still	ADV
ajfa-5212	59	16	willing	willing	ADJ
ajfa-5212	59	17	to	to	PART
ajfa-5212	59	18	lend	lend	VERB
ajfa-5212	59	19	to	to	ADP
ajfa-5212	59	20	borrowers	borrower	NOUN
ajfa-5212	59	21	with	with	ADP
ajfa-5212	59	22	asymmetric	asymmetric	ADJ
ajfa-5212	59	23	information	information	NOUN
ajfa-5212	59	24	.	.	PUNCT
ajfa-5212	60	1	this	this	PRON
ajfa-5212	60	2	conveys	convey	VERB
ajfa-5212	60	3	a	a	DET
ajfa-5212	60	4	positive	positive	ADJ
ajfa-5212	60	5	message	message	NOUN
ajfa-5212	60	6	to	to	ADP
ajfa-5212	60	7	the	the	DET
ajfa-5212	60	8	external	external	ADJ
ajfa-5212	60	9	investors	investor	NOUN
ajfa-5212	60	10	,	,	PUNCT
ajfa-5212	60	11	thereby	thereby	ADV
ajfa-5212	60	12	reducing	reduce	VERB
ajfa-5212	60	13	the	the	DET
ajfa-5212	60	14	information	information	NOUN
ajfa-5212	60	15	asymmetry	asymmetry	NOUN
ajfa-5212	60	16	condition	condition	NOUN
ajfa-5212	60	17	.	.	PUNCT
ajfa-5212	61	1	agarwal	agarwal	PROPN
ajfa-5212	61	2	and	and	CCONJ
ajfa-5212	61	3	eiston	eiston	PROPN
ajfa-5212	61	4	(	(	PUNCT
ajfa-5212	61	5	2001	2001	NUM
ajfa-5212	61	6	)	)	PUNCT
ajfa-5212	61	7	indicated	indicate	VERB
ajfa-5212	61	8	that	that	SCONJ
ajfa-5212	61	9	firms	firm	NOUN
ajfa-5212	61	10	with	with	ADP
ajfa-5212	61	11	better	well	ADJ
ajfa-5212	61	12	operating	operating	NOUN
ajfa-5212	61	13	structures	structure	NOUN
ajfa-5212	61	14	would	would	AUX
ajfa-5212	61	15	like	like	VERB
ajfa-5212	61	16	to	to	PART
ajfa-5212	61	17	borrow	borrow	VERB
ajfa-5212	61	18	from	from	ADP
ajfa-5212	61	19	banks	bank	NOUN
ajfa-5212	61	20	with	with	ADP
ajfa-5212	61	21	a	a	DET
ajfa-5212	61	22	better	well	ADJ
ajfa-5212	61	23	credit	credit	NOUN
ajfa-5212	61	24	quality	quality	NOUN
ajfa-5212	61	25	in	in	ADP
ajfa-5212	61	26	order	order	NOUN
ajfa-5212	61	27	to	to	PART
ajfa-5212	61	28	receive	receive	VERB
ajfa-5212	61	29	a	a	DET
ajfa-5212	61	30	better	well	ADJ
ajfa-5212	61	31	appraisal	appraisal	NOUN
ajfa-5212	61	32	from	from	ADP
ajfa-5212	61	33	the	the	DET
ajfa-5212	61	34	enterprise	enterprise	NOUN
ajfa-5212	61	35	’s	’s	PART
ajfa-5212	61	36	external	external	ADJ
ajfa-5212	61	37	investors	investor	NOUN
ajfa-5212	61	38	.	.	PUNCT
ajfa-5212	62	1	kuo	kuo	PROPN
ajfa-5212	62	2	and	and	CCONJ
ajfa-5212	62	3	chen	chen	PROPN
ajfa-5212	62	4	(	(	PUNCT
ajfa-5212	62	5	2012	2012	NUM
ajfa-5212	62	6	)	)	PUNCT
ajfa-5212	62	7	found	find	VERB
ajfa-5212	62	8	that	that	SCONJ
ajfa-5212	62	9	the	the	DET
ajfa-5212	62	10	asymmetries	asymmetry	NOUN
ajfa-5212	62	11	between	between	ADP
ajfa-5212	62	12	the	the	DET
ajfa-5212	62	13	borrowing	borrow	VERB
ajfa-5212	62	14	customers	customer	NOUN
ajfa-5212	62	15	and	and	CCONJ
ajfa-5212	62	16	creditor	creditor	NOUN
ajfa-5212	62	17	banks	bank	NOUN
ajfa-5212	62	18	may	may	AUX
ajfa-5212	62	19	differ	differ	VERB
ajfa-5212	62	20	depending	depend	VERB
ajfa-5212	62	21	on	on	ADP
ajfa-5212	62	22	the	the	DET
ajfa-5212	62	23	respective	respective	ADJ
ajfa-5212	62	24	sizes	size	NOUN
ajfa-5212	62	25	of	of	ADP
ajfa-5212	62	26	the	the	DET
ajfa-5212	62	27	firm	firm	NOUN
ajfa-5212	62	28	.	.	PUNCT
ajfa-5212	63	1	the	the	PRON
ajfa-5212	63	2	smaller	small	ADJ
ajfa-5212	63	3	the	the	DET
ajfa-5212	63	4	scale	scale	NOUN
ajfa-5212	63	5	of	of	ADP
ajfa-5212	63	6	the	the	DET
ajfa-5212	63	7	opaque	opaque	ADJ
ajfa-5212	63	8	firms	firm	NOUN
ajfa-5212	63	9	,	,	PUNCT
ajfa-5212	63	10	the	the	DET
ajfa-5212	63	11	more	more	ADV
ajfa-5212	63	12	severe	severe	ADJ
ajfa-5212	63	13	is	be	AUX
ajfa-5212	63	14	the	the	DET
ajfa-5212	63	15	information	information	NOUN
ajfa-5212	63	16	asymmetry	asymmetry	NOUN
ajfa-5212	63	17	.	.	PUNCT
ajfa-5212	64	1	in	in	ADP
ajfa-5212	64	2	respect	respect	NOUN
ajfa-5212	64	3	of	of	ADP
ajfa-5212	64	4	the	the	DET
ajfa-5212	64	5	research	research	NOUN
ajfa-5212	64	6	and	and	CCONJ
ajfa-5212	64	7	switching	switch	VERB
ajfa-5212	64	8	costs	cost	NOUN
ajfa-5212	64	9	,	,	PUNCT
ajfa-5212	64	10	diamond	diamond	NOUN
ajfa-5212	64	11	(	(	PUNCT
ajfa-5212	64	12	1989	1989	NUM
ajfa-5212	64	13	)	)	PUNCT
ajfa-5212	64	14	,	,	PUNCT
ajfa-5212	64	15	boot	boot	NOUN
ajfa-5212	64	16	and	and	CCONJ
ajfa-5212	64	17	thakor	thakor	NOUN
ajfa-5212	64	18	(	(	PUNCT
ajfa-5212	64	19	1994	1994	NUM
ajfa-5212	64	20	)	)	PUNCT
ajfa-5212	64	21	and	and	CCONJ
ajfa-5212	64	22	petersen	petersen	PROPN
ajfa-5212	64	23	and	and	CCONJ
ajfa-5212	64	24	rajan	rajan	PROPN
ajfa-5212	64	25	(	(	PUNCT
ajfa-5212	64	26	1994	1994	NUM
ajfa-5212	64	27	)	)	PUNCT
ajfa-5212	64	28	all	all	PRON
ajfa-5212	64	29	found	find	VERB
ajfa-5212	64	30	that	that	SCONJ
ajfa-5212	64	31	banks	bank	NOUN
ajfa-5212	64	32	will	will	AUX
ajfa-5212	64	33	charge	charge	VERB
ajfa-5212	64	34	a	a	DET
ajfa-5212	64	35	lower	low	ADJ
ajfa-5212	64	36	price	price	NOUN
ajfa-5212	64	37	to	to	PART
ajfa-5212	64	38	reflect	reflect	VERB
ajfa-5212	64	39	the	the	DET
ajfa-5212	64	40	reduction	reduction	NOUN
ajfa-5212	64	41	in	in	ADP
ajfa-5212	64	42	research	research	NOUN
ajfa-5212	64	43	costs	cost	NOUN
ajfa-5212	64	44	.	.	PUNCT
ajfa-5212	65	1	when	when	SCONJ
ajfa-5212	65	2	borrowers	borrower	NOUN
ajfa-5212	65	3	are	be	AUX
ajfa-5212	65	4	aware	aware	ADJ
ajfa-5212	65	5	of	of	ADP
ajfa-5212	65	6	the	the	DET
ajfa-5212	65	7	high	high	ADJ
ajfa-5212	65	8	costs	cost	NOUN
ajfa-5212	65	9	of	of	ADP
ajfa-5212	65	10	switching	switch	VERB
ajfa-5212	65	11	banks	bank	NOUN
ajfa-5212	65	12	,	,	PUNCT
ajfa-5212	65	13	they	they	PRON
ajfa-5212	65	14	will	will	AUX
ajfa-5212	65	15	be	be	AUX
ajfa-5212	65	16	strongly	strongly	ADV
ajfa-5212	65	17	motivated	motivated	ADJ
ajfa-5212	65	18	to	to	PART
ajfa-5212	65	19	continue	continue	VERB
ajfa-5212	65	20	dealing	deal	VERB
ajfa-5212	65	21	with	with	ADP
ajfa-5212	65	22	the	the	DET
ajfa-5212	65	23	original	original	ADJ
ajfa-5212	65	24	bank	bank	NOUN
ajfa-5212	65	25	and	and	CCONJ
ajfa-5212	65	26	will	will	AUX
ajfa-5212	65	27	pay	pay	VERB
ajfa-5212	65	28	less	less	ADJ
ajfa-5212	65	29	attention	attention	NOUN
ajfa-5212	65	30	to	to	ADP
ajfa-5212	65	31	the	the	DET
ajfa-5212	65	32	changes	change	NOUN
ajfa-5212	65	33	in	in	ADP
ajfa-5212	65	34	the	the	DET
ajfa-5212	65	35	bank	bank	NOUN
ajfa-5212	65	36	’s	’s	PART
ajfa-5212	65	37	credit	credit	NOUN
ajfa-5212	65	38	risk	risk	NOUN
ajfa-5212	65	39	.	.	PUNCT
ajfa-5212	66	1	in	in	ADP
ajfa-5212	66	2	practice	practice	NOUN
ajfa-5212	66	3	,	,	PUNCT
ajfa-5212	66	4	msbs	msbs	NOUN
ajfa-5212	66	5	in	in	ADP
ajfa-5212	66	6	taiwan	taiwan	PROPN
ajfa-5212	66	7	actually	actually	ADV
ajfa-5212	66	8	distort	distort	VERB
ajfa-5212	66	9	their	their	PRON
ajfa-5212	66	10	financial	financial	ADJ
ajfa-5212	66	11	statements	statement	NOUN
ajfa-5212	66	12	through	through	ADP
ajfa-5212	66	13	a	a	DET
ajfa-5212	66	14	variety	variety	NOUN
ajfa-5212	66	15	of	of	ADP
ajfa-5212	66	16	methods	method	NOUN
ajfa-5212	66	17	.	.	PUNCT
ajfa-5212	67	1	therefore	therefore	ADV
ajfa-5212	67	2	,	,	PUNCT
ajfa-5212	67	3	banks	bank	NOUN
ajfa-5212	67	4	can	can	AUX
ajfa-5212	67	5	not	not	PART
ajfa-5212	67	6	accurately	accurately	ADV
ajfa-5212	67	7	evaluate	evaluate	VERB
ajfa-5212	67	8	the	the	DET
ajfa-5212	67	9	credit	credit	NOUN
ajfa-5212	67	10	risk	risk	NOUN
ajfa-5212	67	11	of	of	ADP
ajfa-5212	67	12	borrowers	borrower	NOUN
ajfa-5212	67	13	by	by	ADP
ajfa-5212	67	14	examining	examine	VERB
ajfa-5212	67	15	their	their	PRON
ajfa-5212	67	16	financial	financial	ADJ
ajfa-5212	67	17	characteristics	characteristic	NOUN
ajfa-5212	67	18	purely	purely	ADV
ajfa-5212	67	19	based	base	VERB
ajfa-5212	67	20	on	on	ADP
ajfa-5212	67	21	their	their	PRON
ajfa-5212	67	22	financial	financial	ADJ
ajfa-5212	67	23	statements	statement	NOUN
ajfa-5212	67	24	.	.	PUNCT
ajfa-5212	68	1	therefore	therefore	ADV
ajfa-5212	68	2	,	,	PUNCT
ajfa-5212	68	3	within	within	ADP
ajfa-5212	68	4	the	the	DET
ajfa-5212	68	5	banking	banking	NOUN
ajfa-5212	68	6	industry8	industry8	NOUN
ajfa-5212	68	7	,	,	PUNCT
ajfa-5212	68	8	in	in	ADP
ajfa-5212	68	9	addition	addition	NOUN
ajfa-5212	68	10	to	to	ADP
ajfa-5212	68	11	the	the	DET
ajfa-5212	68	12	financial	financial	ADJ
ajfa-5212	68	13	data	datum	NOUN
ajfa-5212	68	14	,	,	PUNCT
ajfa-5212	68	15	they	they	PRON
ajfa-5212	68	16	also	also	ADV
ajfa-5212	68	17	resort	resort	VERB
ajfa-5212	68	18	to	to	ADP
ajfa-5212	68	19	non	non	ADJ
ajfa-5212	68	20	-	-	ADJ
ajfa-5212	68	21	financial	financial	ADJ
ajfa-5212	68	22	measures	measure	NOUN
ajfa-5212	68	23	to	to	PART
ajfa-5212	68	24	evaluate	evaluate	VERB
ajfa-5212	68	25	the	the	DET
ajfa-5212	68	26	lending	lending	NOUN
ajfa-5212	68	27	case	case	NOUN
ajfa-5212	68	28	.	.	PUNCT
ajfa-5212	69	1	ruan	ruan	NOUN
ajfa-5212	69	2	and	and	CCONJ
ajfa-5212	69	3	jing	jing	PROPN
ajfa-5212	69	4	(	(	PUNCT
ajfa-5212	69	5	2003	2003	NUM
ajfa-5212	69	6	)	)	PUNCT
ajfa-5212	69	7	used	use	VERB
ajfa-5212	69	8	samples	sample	NOUN
ajfa-5212	69	9	consisting	consist	VERB
ajfa-5212	69	10	of	of	ADP
ajfa-5212	69	11	medium	medium	ADJ
ajfa-5212	69	12	-	-	PUNCT
ajfa-5212	69	13	sized	sized	ADJ
ajfa-5212	69	14	and	and	CCONJ
ajfa-5212	69	15	small	small	ADJ
ajfa-5212	69	16	and	and	CCONJ
ajfa-5212	69	17	medium	medium	ADJ
ajfa-5212	69	18	enterprises	enterprise	NOUN
ajfa-5212	69	19	(	(	PUNCT
ajfa-5212	69	20	smes	sme	NOUN
ajfa-5212	69	21	)	)	PUNCT
ajfa-5212	69	22	and	and	CCONJ
ajfa-5212	69	23	found	find	VERB
ajfa-5212	69	24	that	that	SCONJ
ajfa-5212	69	25	by	by	ADP
ajfa-5212	69	26	combining	combine	VERB
ajfa-5212	69	27	financial	financial	ADJ
ajfa-5212	69	28	information	information	NOUN
ajfa-5212	69	29	with	with	ADP
ajfa-5212	69	30	non	non	ADJ
ajfa-5212	69	31	-	-	ADJ
ajfa-5212	69	32	financial	financial	ADJ
ajfa-5212	69	33	information	information	NOUN
ajfa-5212	69	34	they	they	PRON
ajfa-5212	69	35	could	could	AUX
ajfa-5212	69	36	achieve	achieve	VERB
ajfa-5212	69	37	the	the	DET
ajfa-5212	69	38	best	good	ADJ
ajfa-5212	69	39	lending	lending	NOUN
ajfa-5212	69	40	performance	performance	NOUN
ajfa-5212	69	41	.	.	PUNCT
ajfa-5212	70	1	li	li	PROPN
ajfa-5212	70	2	(	(	PUNCT
ajfa-5212	70	3	2005	2005	NUM
ajfa-5212	70	4	)	)	PUNCT
ajfa-5212	70	5	included	include	VERB
ajfa-5212	70	6	all	all	DET
ajfa-5212	70	7	the	the	DET
ajfa-5212	70	8	variables	variable	NOUN
ajfa-5212	70	9	for	for	ADP
ajfa-5212	70	10	credit	credit	NOUN
ajfa-5212	70	11	rating	rating	NOUN
ajfa-5212	70	12	in	in	ADP
ajfa-5212	70	13	the	the	DET
ajfa-5212	70	14	logistic	logistic	ADJ
ajfa-5212	70	15	regression	regression	NOUN
ajfa-5212	70	16	model	model	NOUN
ajfa-5212	70	17	and	and	CCONJ
ajfa-5212	70	18	built	build	VERB
ajfa-5212	70	19	models	model	NOUN
ajfa-5212	70	20	of	of	ADP
ajfa-5212	70	21	financial	financial	ADJ
ajfa-5212	70	22	indicators	indicator	NOUN
ajfa-5212	70	23	,	,	PUNCT
ajfa-5212	70	24	non	non	ADJ
ajfa-5212	70	25	-	-	ADJ
ajfa-5212	70	26	financial	financial	ADJ
ajfa-5212	70	27	indicators	indicator	NOUN
ajfa-5212	70	28	and	and	CCONJ
ajfa-5212	70	29	integrated	integrated	ADJ
ajfa-5212	70	30	indicators	indicator	NOUN
ajfa-5212	70	31	.	.	PUNCT
ajfa-5212	71	1	his	his	PRON
ajfa-5212	71	2	results	result	NOUN
ajfa-5212	71	3	suggest	suggest	VERB
ajfa-5212	71	4	that	that	SCONJ
ajfa-5212	71	5	the	the	DET
ajfa-5212	71	6	most	most	ADV
ajfa-5212	71	7	accurate	accurate	ADJ
ajfa-5212	71	8	prediction	prediction	NOUN
ajfa-5212	71	9	rate	rate	NOUN
ajfa-5212	71	10	provided	provide	VERB
ajfa-5212	71	11	by	by	ADP
ajfa-5212	71	12	these	these	DET
ajfa-5212	71	13	three	three	NUM
ajfa-5212	71	14	empirical	empirical	ADJ
ajfa-5212	71	15	models	model	NOUN
ajfa-5212	71	16	was	be	AUX
ajfa-5212	71	17	that	that	PRON
ajfa-5212	71	18	of	of	ADP
ajfa-5212	71	19	the	the	DET
ajfa-5212	71	20	integrated	integrate	VERB
ajfa-5212	71	21	indicators	indicator	NOUN
ajfa-5212	71	22	’	'	PUNCT
ajfa-5212	71	23	model	model	NOUN
ajfa-5212	71	24	,	,	PUNCT
ajfa-5212	71	25	especially	especially	ADV
ajfa-5212	71	26	when	when	SCONJ
ajfa-5212	71	27	it	it	PRON
ajfa-5212	71	28	came	come	VERB
ajfa-5212	71	29	to	to	ADP
ajfa-5212	71	30	predicting	predict	VERB
ajfa-5212	71	31	the	the	DET
ajfa-5212	71	32	default	default	NOUN
ajfa-5212	71	33	rate	rate	NOUN
ajfa-5212	71	34	of	of	ADP
ajfa-5212	71	35	the	the	DET
ajfa-5212	71	36	firms	firm	NOUN
ajfa-5212	71	37	,	,	PUNCT
ajfa-5212	71	38	followed	follow	VERB
ajfa-5212	71	39	by	by	ADP
ajfa-5212	71	40	the	the	DET
ajfa-5212	71	41	empirical	empirical	ADJ
ajfa-5212	71	42	model	model	NOUN
ajfa-5212	71	43	for	for	ADP
ajfa-5212	71	44	the	the	DET
ajfa-5212	71	45	financial	financial	ADJ
ajfa-5212	71	46	indicators	indicator	NOUN
ajfa-5212	71	47	.	.	PUNCT
ajfa-5212	72	1	the	the	DET
ajfa-5212	72	2	worst	bad	ADJ
ajfa-5212	72	3	model	model	NOUN
ajfa-5212	72	4	was	be	AUX
ajfa-5212	72	5	that	that	PRON
ajfa-5212	72	6	which	which	PRON
ajfa-5212	72	7	only	only	ADV
ajfa-5212	72	8	used	use	VERB
ajfa-5212	72	9	non	non	ADJ
ajfa-5212	72	10	-	-	ADJ
ajfa-5212	72	11	financial	financial	ADJ
ajfa-5212	72	12	indicators	indicator	NOUN
ajfa-5212	72	13	.	.	PUNCT
ajfa-5212	73	1	from	from	ADP
ajfa-5212	73	2	the	the	DET
ajfa-5212	73	3	perspective	perspective	NOUN
ajfa-5212	73	4	of	of	ADP
ajfa-5212	73	5	the	the	DET
ajfa-5212	73	6	variables	variable	NOUN
ajfa-5212	73	7	used	use	VERB
ajfa-5212	73	8	to	to	PART
ajfa-5212	73	9	describe	describe	VERB
ajfa-5212	73	10	lending	lending	NOUN
ajfa-5212	73	11	management	management	NOUN
ajfa-5212	73	12	,	,	PUNCT
ajfa-5212	73	13	zhang	zhang	PROPN
ajfa-5212	73	14	et	et	PROPN
ajfa-5212	73	15	al	al	PROPN
ajfa-5212	73	16	.	.	PROPN
ajfa-5212	73	17	(	(	PUNCT
ajfa-5212	73	18	2006	2006	NUM
ajfa-5212	73	19	)	)	PUNCT
ajfa-5212	73	20	found	find	VERB
ajfa-5212	73	21	that	that	SCONJ
ajfa-5212	73	22	if	if	SCONJ
ajfa-5212	73	23	the	the	DET
ajfa-5212	73	24	empirical	empirical	ADJ
ajfa-5212	73	25	model	model	NOUN
ajfa-5212	73	26	included	include	VERB
ajfa-5212	73	27	a	a	DET
ajfa-5212	73	28	dummy	dummy	ADJ
ajfa-5212	73	29	variable	variable	NOUN
ajfa-5212	73	30	to	to	PART
ajfa-5212	73	31	distinguish	distinguish	VERB
ajfa-5212	73	32	the	the	DET
ajfa-5212	73	33	borrower	borrower	NOUN
ajfa-5212	73	34	’s	’s	PART
ajfa-5212	73	35	industry	industry	NOUN
ajfa-5212	73	36	,	,	PUNCT
ajfa-5212	73	37	the	the	DET
ajfa-5212	73	38	model	model	NOUN
ajfa-5212	73	39	’s	’s	PART
ajfa-5212	73	40	accuracy	accuracy	NOUN
ajfa-5212	73	41	was	be	AUX
ajfa-5212	73	42	generally	generally	ADV
ajfa-5212	73	43	better	well	ADJ
ajfa-5212	73	44	than	than	SCONJ
ajfa-5212	73	45	it	it	PRON
ajfa-5212	73	46	was	be	AUX
ajfa-5212	73	47	without	without	ADP
ajfa-5212	73	48	that	that	DET
ajfa-5212	73	49	dummy	dummy	NOUN
ajfa-5212	73	50	.	.	PUNCT
ajfa-5212	74	1	in	in	ADP
ajfa-5212	74	2	the	the	DET
ajfa-5212	74	3	empirical	empirical	ADJ
ajfa-5212	74	4	tests	test	NOUN
ajfa-5212	74	5	for	for	ADP
ajfa-5212	74	6	sme	sme	NOUN
ajfa-5212	74	7	lending	lending	NOUN
ajfa-5212	74	8	cases	case	NOUN
ajfa-5212	74	9	,	,	PUNCT
ajfa-5212	74	10	zeng	zeng	PROPN
ajfa-5212	74	11	et	et	PROPN
ajfa-5212	74	12	al	al	PROPN
ajfa-5212	74	13	.	.	PROPN
ajfa-5212	74	14	(	(	PUNCT
ajfa-5212	74	15	2009	2009	NUM
ajfa-5212	74	16	)	)	PUNCT
ajfa-5212	74	17	found	find	VERB
ajfa-5212	74	18	that	that	SCONJ
ajfa-5212	74	19	the	the	DET
ajfa-5212	74	20	financial	financial	ADJ
ajfa-5212	74	21	information	information	NOUN
ajfa-5212	74	22	provided	provide	VERB
ajfa-5212	74	23	the	the	DET
ajfa-5212	74	24	ability	ability	NOUN
ajfa-5212	74	25	to	to	PART
ajfa-5212	74	26	distinguish	distinguish	VERB
ajfa-5212	74	27	between	between	ADP
ajfa-5212	74	28	defaulting	default	VERB
ajfa-5212	74	29	corporations	corporation	NOUN
ajfa-5212	74	30	and	and	CCONJ
ajfa-5212	74	31	asian	asian	ADJ
ajfa-5212	74	32	journal	journal	NOUN
ajfa-5212	74	33	of	of	ADP
ajfa-5212	74	34	finance	finance	PROPN
ajfa-5212	74	35	&	&	CCONJ
ajfa-5212	74	36	accounting	accounting	PROPN
ajfa-5212	74	37	issn	issn	PROPN
ajfa-5212	74	38	1946	1946	NUM
ajfa-5212	74	39	-	-	PUNCT
ajfa-5212	74	40	052x	052x	PROPN
ajfa-5212	74	41	2014	2014	NUM
ajfa-5212	74	42	,	,	PUNCT
ajfa-5212	74	43	vol	vol	NOUN
ajfa-5212	74	44	.	.	PROPN
ajfa-5212	75	1	6	6	NUM
ajfa-5212	75	2	,	,	PUNCT
ajfa-5212	75	3	no	no	INTJ
ajfa-5212	75	4	.	.	NOUN
ajfa-5212	75	5	1	1	NUM
ajfa-5212	75	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	75	7	179	179	NUM
ajfa-5212	75	8	normal	normal	ADJ
ajfa-5212	75	9	corporations	corporation	NOUN
ajfa-5212	75	10	.	.	PUNCT
ajfa-5212	76	1	ruan	ruan	PROPN
ajfa-5212	76	2	and	and	CCONJ
ajfa-5212	76	3	jiang	jiang	PROPN
ajfa-5212	76	4	(	(	PUNCT
ajfa-5212	76	5	2004	2004	NUM
ajfa-5212	76	6	)	)	PUNCT
ajfa-5212	76	7	conducted	conduct	VERB
ajfa-5212	76	8	a	a	DET
ajfa-5212	76	9	study	study	NOUN
ajfa-5212	76	10	on	on	ADP
ajfa-5212	76	11	the	the	DET
ajfa-5212	76	12	default	default	NOUN
ajfa-5212	76	13	predictions	prediction	NOUN
ajfa-5212	76	14	for	for	ADP
ajfa-5212	76	15	privately	privately	ADV
ajfa-5212	76	16	-	-	PUNCT
ajfa-5212	76	17	held	hold	VERB
ajfa-5212	76	18	companies	company	NOUN
ajfa-5212	76	19	that	that	PRON
ajfa-5212	76	20	did	do	AUX
ajfa-5212	76	21	not	not	PART
ajfa-5212	76	22	file	file	VERB
ajfa-5212	76	23	audited	audit	VERB
ajfa-5212	76	24	financial	financial	ADJ
ajfa-5212	76	25	statements	statement	NOUN
ajfa-5212	76	26	,	,	PUNCT
ajfa-5212	76	27	and	and	CCONJ
ajfa-5212	76	28	found	find	VERB
ajfa-5212	76	29	that	that	SCONJ
ajfa-5212	76	30	the	the	DET
ajfa-5212	76	31	credit	credit	NOUN
ajfa-5212	76	32	rating	rating	NOUN
ajfa-5212	76	33	,	,	PUNCT
ajfa-5212	76	34	the	the	DET
ajfa-5212	76	35	frequency	frequency	NOUN
ajfa-5212	76	36	of	of	ADP
ajfa-5212	76	37	inquiries	inquiry	NOUN
ajfa-5212	76	38	,	,	PUNCT
ajfa-5212	76	39	the	the	DET
ajfa-5212	76	40	rate	rate	NOUN
ajfa-5212	76	41	of	of	ADP
ajfa-5212	76	42	utilization	utilization	NOUN
ajfa-5212	76	43	of	of	ADP
ajfa-5212	76	44	the	the	DET
ajfa-5212	76	45	amount	amount	NOUN
ajfa-5212	76	46	of	of	ADP
ajfa-5212	76	47	credit	credit	NOUN
ajfa-5212	76	48	and	and	CCONJ
ajfa-5212	76	49	the	the	DET
ajfa-5212	76	50	payment	payment	NOUN
ajfa-5212	76	51	record	record	NOUN
ajfa-5212	76	52	significantly	significantly	ADV
ajfa-5212	76	53	increased	increase	VERB
ajfa-5212	76	54	the	the	DET
ajfa-5212	76	55	ability	ability	NOUN
ajfa-5212	76	56	of	of	ADP
ajfa-5212	76	57	banks	bank	NOUN
ajfa-5212	76	58	to	to	PART
ajfa-5212	76	59	discriminate	discriminate	VERB
ajfa-5212	76	60	between	between	ADP
ajfa-5212	76	61	the	the	DET
ajfa-5212	76	62	various	various	ADJ
ajfa-5212	76	63	applications	application	NOUN
ajfa-5212	76	64	for	for	ADP
ajfa-5212	76	65	loans	loan	NOUN
ajfa-5212	76	66	.	.	PUNCT
ajfa-5212	77	1	2.2	2.2	NUM
ajfa-5212	77	2	hypothesis	hypothesis	NOUN
ajfa-5212	77	3	development	development	NOUN
ajfa-5212	77	4	according	accord	VERB
ajfa-5212	77	5	to	to	ADP
ajfa-5212	77	6	taiwan	taiwan	PROPN
ajfa-5212	77	7	’s	’s	PART
ajfa-5212	77	8	lending	lending	NOUN
ajfa-5212	77	9	practices	practice	NOUN
ajfa-5212	77	10	,	,	PUNCT
ajfa-5212	77	11	when	when	SCONJ
ajfa-5212	77	12	applying	apply	VERB
ajfa-5212	77	13	for	for	ADP
ajfa-5212	77	14	bank	bank	NOUN
ajfa-5212	77	15	loans	loan	NOUN
ajfa-5212	77	16	,	,	PUNCT
ajfa-5212	77	17	mlbs	mlb	NOUN
ajfa-5212	77	18	should	should	AUX
ajfa-5212	77	19	provide	provide	VERB
ajfa-5212	77	20	audited	audit	VERB
ajfa-5212	77	21	financial	financial	ADJ
ajfa-5212	77	22	statements	statement	NOUN
ajfa-5212	77	23	for	for	ADP
ajfa-5212	77	24	the	the	DET
ajfa-5212	77	25	past	past	ADJ
ajfa-5212	77	26	three	three	NUM
ajfa-5212	77	27	years	year	NOUN
ajfa-5212	77	28	,	,	PUNCT
ajfa-5212	77	29	and	and	CCONJ
ajfa-5212	77	30	inquiries	inquiry	NOUN
ajfa-5212	77	31	should	should	AUX
ajfa-5212	77	32	be	be	AUX
ajfa-5212	77	33	made	make	VERB
ajfa-5212	77	34	through	through	ADP
ajfa-5212	77	35	jcic	jcic	NOUN
ajfa-5212	77	36	to	to	PART
ajfa-5212	77	37	ascertain	ascertain	VERB
ajfa-5212	77	38	the	the	DET
ajfa-5212	77	39	credit	credit	NOUN
ajfa-5212	77	40	score	score	NOUN
ajfa-5212	77	41	of	of	ADP
ajfa-5212	77	42	the	the	DET
ajfa-5212	77	43	chairperson	chairperson	NOUN
ajfa-5212	77	44	and	and	CCONJ
ajfa-5212	77	45	whether	whether	SCONJ
ajfa-5212	77	46	or	or	CCONJ
ajfa-5212	77	47	not	not	PART
ajfa-5212	77	48	the	the	DET
ajfa-5212	77	49	mlbs	mlb	NOUN
ajfa-5212	77	50	and	and	CCONJ
ajfa-5212	77	51	msbs	msbs	NOUN
ajfa-5212	77	52	have	have	AUX
ajfa-5212	77	53	had	have	VERB
ajfa-5212	77	54	bad	bad	ADJ
ajfa-5212	77	55	credit	credit	NOUN
ajfa-5212	77	56	records	record	NOUN
ajfa-5212	77	57	in	in	ADP
ajfa-5212	77	58	the	the	DET
ajfa-5212	77	59	past	past	NOUN
ajfa-5212	77	60	.	.	PUNCT
ajfa-5212	78	1	however	however	ADV
ajfa-5212	78	2	,	,	PUNCT
ajfa-5212	78	3	as	as	ADP
ajfa-5212	78	4	to	to	ADP
ajfa-5212	78	5	whether	whether	SCONJ
ajfa-5212	78	6	these	these	DET
ajfa-5212	78	7	practices	practice	NOUN
ajfa-5212	78	8	can	can	AUX
ajfa-5212	78	9	enhance	enhance	VERB
ajfa-5212	78	10	the	the	DET
ajfa-5212	78	11	lending	lending	NOUN
ajfa-5212	78	12	performance	performance	NOUN
ajfa-5212	78	13	and	and	CCONJ
ajfa-5212	78	14	reduce	reduce	VERB
ajfa-5212	78	15	the	the	DET
ajfa-5212	78	16	credit	credit	NOUN
ajfa-5212	78	17	risk	risk	NOUN
ajfa-5212	78	18	is	be	AUX
ajfa-5212	78	19	a	a	DET
ajfa-5212	78	20	matter	matter	NOUN
ajfa-5212	78	21	worth	worth	ADJ
ajfa-5212	78	22	systematic	systematic	ADJ
ajfa-5212	78	23	investigation	investigation	NOUN
ajfa-5212	78	24	.	.	PUNCT
ajfa-5212	79	1	past	past	ADJ
ajfa-5212	79	2	empirical	empirical	ADJ
ajfa-5212	79	3	studies	study	NOUN
ajfa-5212	79	4	have	have	AUX
ajfa-5212	79	5	been	be	AUX
ajfa-5212	79	6	more	more	ADV
ajfa-5212	79	7	focused	focused	ADJ
ajfa-5212	79	8	on	on	ADP
ajfa-5212	79	9	how	how	SCONJ
ajfa-5212	79	10	the	the	DET
ajfa-5212	79	11	ownership	ownership	NOUN
ajfa-5212	79	12	type	type	NOUN
ajfa-5212	79	13	,	,	PUNCT
ajfa-5212	79	14	scale	scale	NOUN
ajfa-5212	79	15	and	and	CCONJ
ajfa-5212	79	16	transaction	transaction	NOUN
ajfa-5212	79	17	frequency	frequency	NOUN
ajfa-5212	79	18	have	have	AUX
ajfa-5212	79	19	impacted	impact	VERB
ajfa-5212	79	20	the	the	DET
ajfa-5212	79	21	banking	banking	NOUN
ajfa-5212	79	22	relationship	relationship	NOUN
ajfa-5212	79	23	.	.	PUNCT
ajfa-5212	80	1	to	to	ADP
ajfa-5212	80	2	our	our	PRON
ajfa-5212	80	3	knowledge	knowledge	NOUN
ajfa-5212	80	4	,	,	PUNCT
ajfa-5212	80	5	there	there	PRON
ajfa-5212	80	6	are	be	VERB
ajfa-5212	80	7	no	no	DET
ajfa-5212	80	8	studies	study	NOUN
ajfa-5212	80	9	using	use	VERB
ajfa-5212	80	10	“	"	PUNCT
ajfa-5212	80	11	wobd	wobd	NOUN
ajfa-5212	80	12	”	"	PUNCT
ajfa-5212	80	13	and	and	CCONJ
ajfa-5212	80	14	“	"	PUNCT
ajfa-5212	80	15	hccl	hccl	PROPN
ajfa-5212	80	16	”	"	PUNCT
ajfa-5212	80	17	that	that	PRON
ajfa-5212	80	18	have	have	AUX
ajfa-5212	80	19	sought	seek	VERB
ajfa-5212	80	20	to	to	PART
ajfa-5212	80	21	reflect	reflect	VERB
ajfa-5212	80	22	bank	bank	NOUN
ajfa-5212	80	23	lending	lending	NOUN
ajfa-5212	80	24	performance	performance	NOUN
ajfa-5212	80	25	and	and	CCONJ
ajfa-5212	80	26	further	far	ADV
ajfa-5212	80	27	explore	explore	VERB
ajfa-5212	80	28	how	how	SCONJ
ajfa-5212	80	29	the	the	DET
ajfa-5212	80	30	information	information	NOUN
ajfa-5212	80	31	asymmetry	asymmetry	NOUN
ajfa-5212	80	32	and	and	CCONJ
ajfa-5212	80	33	credit	credit	NOUN
ajfa-5212	80	34	records	record	NOUN
ajfa-5212	80	35	of	of	ADP
ajfa-5212	80	36	the	the	DET
ajfa-5212	80	37	borrowers	borrower	NOUN
ajfa-5212	80	38	impact	impact	VERB
ajfa-5212	80	39	lending	lending	NOUN
ajfa-5212	80	40	performance	performance	NOUN
ajfa-5212	80	41	.	.	PUNCT
ajfa-5212	81	1	based	base	VERB
ajfa-5212	81	2	on	on	ADP
ajfa-5212	81	3	our	our	PRON
ajfa-5212	81	4	understanding	understanding	NOUN
ajfa-5212	81	5	,	,	PUNCT
ajfa-5212	81	6	banks	bank	NOUN
ajfa-5212	81	7	that	that	PRON
ajfa-5212	81	8	belong	belong	VERB
ajfa-5212	81	9	to	to	ADP
ajfa-5212	81	10	the	the	DET
ajfa-5212	81	11	“	"	PUNCT
ajfa-5212	81	12	wobd	wobd	NOUN
ajfa-5212	81	13	”	"	PUNCT
ajfa-5212	81	14	category	category	NOUN
ajfa-5212	81	15	are	be	AUX
ajfa-5212	81	16	always	always	ADV
ajfa-5212	81	17	large	large	ADJ
ajfa-5212	81	18	in	in	ADP
ajfa-5212	81	19	scale	scale	NOUN
ajfa-5212	81	20	and	and	CCONJ
ajfa-5212	81	21	banks	bank	NOUN
ajfa-5212	81	22	that	that	PRON
ajfa-5212	81	23	belong	belong	VERB
ajfa-5212	81	24	to	to	ADP
ajfa-5212	81	25	the	the	DET
ajfa-5212	81	26	“	"	PUNCT
ajfa-5212	81	27	hccl	hccl	NOUN
ajfa-5212	81	28	”	"	PUNCT
ajfa-5212	81	29	category	category	NOUN
ajfa-5212	81	30	are	be	AUX
ajfa-5212	81	31	mixed	mix	VERB
ajfa-5212	81	32	,	,	PUNCT
ajfa-5212	81	33	including	include	VERB
ajfa-5212	81	34	large	large	ADJ
ajfa-5212	81	35	and	and	CCONJ
ajfa-5212	81	36	small	small	ADJ
ajfa-5212	81	37	banks	bank	NOUN
ajfa-5212	81	38	.	.	PUNCT
ajfa-5212	82	1	most	most	ADJ
ajfa-5212	82	2	of	of	ADP
ajfa-5212	82	3	the	the	DET
ajfa-5212	82	4	“	"	PUNCT
ajfa-5212	82	5	hccl	hccl	PROPN
ajfa-5212	82	6	”	"	PUNCT
ajfa-5212	82	7	banks	bank	NOUN
ajfa-5212	82	8	are	be	AUX
ajfa-5212	82	9	newly	newly	ADV
ajfa-5212	82	10	-	-	PUNCT
ajfa-5212	82	11	established	establish	VERB
ajfa-5212	82	12	banks	bank	NOUN
ajfa-5212	82	13	.	.	PUNCT
ajfa-5212	83	1	therefore	therefore	ADV
ajfa-5212	83	2	,	,	PUNCT
ajfa-5212	83	3	we	we	PRON
ajfa-5212	83	4	refer	refer	VERB
ajfa-5212	83	5	to	to	ADP
ajfa-5212	83	6	the	the	DET
ajfa-5212	83	7	following	follow	VERB
ajfa-5212	83	8	relevant	relevant	ADJ
ajfa-5212	83	9	articles	article	NOUN
ajfa-5212	83	10	in	in	ADP
ajfa-5212	83	11	developing	develop	VERB
ajfa-5212	83	12	our	our	PRON
ajfa-5212	83	13	hypotheses	hypothesis	NOUN
ajfa-5212	83	14	:	:	PUNCT
ajfa-5212	83	15	“	"	PUNCT
ajfa-5212	83	16	careless	careless	ADJ
ajfa-5212	83	17	lenders	lender	NOUN
ajfa-5212	83	18	and	and	CCONJ
ajfa-5212	83	19	bad	bad	ADJ
ajfa-5212	83	20	borrowers	borrower	NOUN
ajfa-5212	83	21	,	,	PUNCT
ajfa-5212	83	22	“	"	PUNCT
ajfa-5212	83	23	(	(	PUNCT
ajfa-5212	83	24	shen	shen	PROPN
ajfa-5212	83	25	and	and	CCONJ
ajfa-5212	83	26	wang	wang	PROPN
ajfa-5212	83	27	,	,	PUNCT
ajfa-5212	83	28	2002	2002	NUM
ajfa-5212	83	29	)	)	PUNCT
ajfa-5212	83	30	,	,	PUNCT
ajfa-5212	83	31	“	"	PUNCT
ajfa-5212	83	32	the	the	DET
ajfa-5212	83	33	top	top	ADJ
ajfa-5212	83	34	one	one	NUM
ajfa-5212	83	35	and	and	CCONJ
ajfa-5212	83	36	non	non	ADJ
ajfa-5212	83	37	-	-	ADJ
ajfa-5212	83	38	top	top	ADJ
ajfa-5212	83	39	one	one	NUM
ajfa-5212	83	40	financing	financing	NOUN
ajfa-5212	83	41	bank	bank	NOUN
ajfa-5212	83	42	–	–	PUNCT
ajfa-5212	83	43	viewpoints	viewpoint	NOUN
ajfa-5212	83	44	of	of	ADP
ajfa-5212	83	45	lending	lending	NOUN
ajfa-5212	83	46	behavior	behavior	NOUN
ajfa-5212	83	47	,	,	PUNCT
ajfa-5212	83	48	”	"	PUNCT
ajfa-5212	83	49	(	(	PUNCT
ajfa-5212	83	50	chen	chen	PROPN
ajfa-5212	83	51	and	and	CCONJ
ajfa-5212	83	52	lai	lai	PROPN
ajfa-5212	83	53	,	,	PUNCT
ajfa-5212	83	54	2003	2003	NUM
ajfa-5212	83	55	)	)	PUNCT
ajfa-5212	83	56	.	.	PUNCT
ajfa-5212	84	1	berger	berger	PROPN
ajfa-5212	84	2	et	et	PROPN
ajfa-5212	84	3	al	al	PROPN
ajfa-5212	84	4	.	.	PROPN
ajfa-5212	84	5	(	(	PUNCT
ajfa-5212	84	6	2008	2008	NUM
ajfa-5212	84	7	)	)	PUNCT
ajfa-5212	84	8	referred	refer	VERB
ajfa-5212	84	9	to	to	ADP
ajfa-5212	84	10	the	the	DET
ajfa-5212	84	11	five	five	NUM
ajfa-5212	84	12	relationships	relationship	NOUN
ajfa-5212	84	13	motivation	motivation	NOUN
ajfa-5212	84	14	theory9	theory9	NOUN
ajfa-5212	84	15	which	which	PRON
ajfa-5212	84	16	also	also	ADV
ajfa-5212	84	17	provided	provide	VERB
ajfa-5212	84	18	us	we	PRON
ajfa-5212	84	19	with	with	ADP
ajfa-5212	84	20	the	the	DET
ajfa-5212	84	21	inspiration	inspiration	NOUN
ajfa-5212	84	22	to	to	PART
ajfa-5212	84	23	predict	predict	VERB
ajfa-5212	84	24	the	the	DET
ajfa-5212	84	25	positive	positive	ADJ
ajfa-5212	84	26	or	or	CCONJ
ajfa-5212	84	27	negative	negative	ADJ
ajfa-5212	84	28	directions	direction	NOUN
ajfa-5212	84	29	of	of	ADP
ajfa-5212	84	30	our	our	PRON
ajfa-5212	84	31	results	result	NOUN
ajfa-5212	84	32	.	.	PUNCT
ajfa-5212	85	1	the	the	DET
ajfa-5212	85	2	following	follow	VERB
ajfa-5212	85	3	four	four	NUM
ajfa-5212	85	4	hypotheses	hypothesis	NOUN
ajfa-5212	85	5	are	be	AUX
ajfa-5212	85	6	presented	present	VERB
ajfa-5212	85	7	and	and	CCONJ
ajfa-5212	85	8	discussed	discuss	VERB
ajfa-5212	85	9	:	:	PUNCT
ajfa-5212	85	10	hypothesis	hypothesis	NOUN
ajfa-5212	85	11	1	1	NUM
ajfa-5212	85	12	:	:	PUNCT
ajfa-5212	85	13	firms	firm	NOUN
ajfa-5212	85	14	with	with	ADP
ajfa-5212	85	15	more	more	ADV
ajfa-5212	85	16	transparent	transparent	ADJ
ajfa-5212	85	17	information	information	NOUN
ajfa-5212	85	18	are	be	AUX
ajfa-5212	85	19	more	more	ADV
ajfa-5212	85	20	likely	likely	ADJ
ajfa-5212	85	21	to	to	PART
ajfa-5212	85	22	have	have	VERB
ajfa-5212	85	23	their	their	PRON
ajfa-5212	85	24	loan	loan	NOUN
ajfa-5212	85	25	applications	application	NOUN
ajfa-5212	85	26	approved	approve	VERB
ajfa-5212	85	27	,	,	PUNCT
ajfa-5212	85	28	regardless	regardless	ADV
ajfa-5212	85	29	of	of	ADP
ajfa-5212	85	30	whether	whether	SCONJ
ajfa-5212	85	31	the	the	DET
ajfa-5212	85	32	lending	lending	NOUN
ajfa-5212	85	33	performance	performance	NOUN
ajfa-5212	85	34	of	of	ADP
ajfa-5212	85	35	the	the	DET
ajfa-5212	85	36	bank	bank	NOUN
ajfa-5212	85	37	is	be	AUX
ajfa-5212	85	38	good	good	ADJ
ajfa-5212	85	39	or	or	CCONJ
ajfa-5212	85	40	bad	bad	ADJ
ajfa-5212	85	41	.	.	PUNCT
ajfa-5212	86	1	according	accord	VERB
ajfa-5212	86	2	to	to	ADP
ajfa-5212	86	3	the	the	DET
ajfa-5212	86	4	past	past	ADJ
ajfa-5212	86	5	research	research	NOUN
ajfa-5212	86	6	literature	literature	NOUN
ajfa-5212	86	7	,	,	PUNCT
ajfa-5212	86	8	large	large	ADJ
ajfa-5212	86	9	banks	bank	NOUN
ajfa-5212	86	10	have	have	VERB
ajfa-5212	86	11	advantages	advantage	NOUN
ajfa-5212	86	12	with	with	ADP
ajfa-5212	86	13	hard	hard	ADJ
ajfa-5212	86	14	information	information	NOUN
ajfa-5212	86	15	;	;	PUNCT
ajfa-5212	86	16	however	however	ADV
ajfa-5212	86	17	,	,	PUNCT
ajfa-5212	86	18	small	small	ADJ
ajfa-5212	86	19	banks	bank	NOUN
ajfa-5212	86	20	make	make	VERB
ajfa-5212	86	21	the	the	DET
ajfa-5212	86	22	most	most	ADJ
ajfa-5212	86	23	of	of	ADP
ajfa-5212	86	24	soft	soft	ADJ
ajfa-5212	86	25	information	information	NOUN
ajfa-5212	86	26	to	to	PART
ajfa-5212	86	27	develop	develop	VERB
ajfa-5212	86	28	new	new	ADJ
ajfa-5212	86	29	clients	client	NOUN
ajfa-5212	86	30	.	.	PUNCT
ajfa-5212	87	1	banks	bank	NOUN
ajfa-5212	87	2	with	with	ADP
ajfa-5212	87	3	“	"	PUNCT
ajfa-5212	87	4	wobd	wobd	NOUN
ajfa-5212	87	5	”	"	PUNCT
ajfa-5212	87	6	often	often	ADV
ajfa-5212	87	7	happen	happen	VERB
ajfa-5212	87	8	to	to	PART
ajfa-5212	87	9	be	be	AUX
ajfa-5212	87	10	large	large	ADJ
ajfa-5212	87	11	banks	bank	NOUN
ajfa-5212	87	12	,	,	PUNCT
ajfa-5212	87	13	but	but	CCONJ
ajfa-5212	87	14	“	"	PUNCT
ajfa-5212	87	15	hccl	hccl	PROPN
ajfa-5212	87	16	”	"	PUNCT
ajfa-5212	87	17	occurs	occur	VERB
ajfa-5212	87	18	in	in	ADP
ajfa-5212	87	19	any	any	DET
ajfa-5212	87	20	kind	kind	NOUN
ajfa-5212	87	21	of	of	ADP
ajfa-5212	87	22	bank	bank	NOUN
ajfa-5212	87	23	.	.	PUNCT
ajfa-5212	88	1	regardless	regardless	ADV
ajfa-5212	88	2	of	of	ADP
ajfa-5212	88	3	the	the	DET
ajfa-5212	88	4	scale	scale	NOUN
ajfa-5212	88	5	or	or	CCONJ
ajfa-5212	88	6	the	the	DET
ajfa-5212	88	7	lending	lending	NOUN
ajfa-5212	88	8	performance	performance	NOUN
ajfa-5212	88	9	of	of	ADP
ajfa-5212	88	10	the	the	DET
ajfa-5212	88	11	banks	bank	NOUN
ajfa-5212	88	12	,	,	PUNCT
ajfa-5212	88	13	they	they	PRON
ajfa-5212	88	14	all	all	PRON
ajfa-5212	88	15	prefer	prefer	VERB
ajfa-5212	88	16	to	to	PART
ajfa-5212	88	17	lend	lend	VERB
ajfa-5212	88	18	to	to	ADP
ajfa-5212	88	19	enterprises	enterprise	NOUN
ajfa-5212	88	20	with	with	ADP
ajfa-5212	88	21	more	more	ADV
ajfa-5212	88	22	transparent	transparent	ADJ
ajfa-5212	88	23	information	information	NOUN
ajfa-5212	88	24	.	.	PUNCT
ajfa-5212	89	1	the	the	DET
ajfa-5212	89	2	preference	preference	NOUN
ajfa-5212	89	3	level	level	NOUN
ajfa-5212	89	4	may	may	AUX
ajfa-5212	89	5	be	be	AUX
ajfa-5212	89	6	associated	associate	VERB
ajfa-5212	89	7	with	with	ADP
ajfa-5212	89	8	the	the	DET
ajfa-5212	89	9	lending	lending	NOUN
ajfa-5212	89	10	type	type	NOUN
ajfa-5212	89	11	,	,	PUNCT
ajfa-5212	89	12	scale	scale	NOUN
ajfa-5212	89	13	and	and	CCONJ
ajfa-5212	89	14	performance.10	performance.10	NOUN
ajfa-5212	89	15	another	another	DET
ajfa-5212	89	16	possible	possible	ADJ
ajfa-5212	89	17	reason	reason	NOUN
ajfa-5212	89	18	why	why	SCONJ
ajfa-5212	89	19	banks	bank	NOUN
ajfa-5212	89	20	have	have	VERB
ajfa-5212	89	21	a	a	DET
ajfa-5212	89	22	different	different	ADJ
ajfa-5212	89	23	attitude	attitude	NOUN
ajfa-5212	89	24	towards	towards	ADP
ajfa-5212	89	25	credit	credit	NOUN
ajfa-5212	89	26	risk	risk	NOUN
ajfa-5212	89	27	is	be	AUX
ajfa-5212	89	28	the	the	DET
ajfa-5212	89	29	dramatic	dramatic	ADJ
ajfa-5212	89	30	change	change	NOUN
ajfa-5212	89	31	in	in	ADP
ajfa-5212	89	32	the	the	DET
ajfa-5212	89	33	competitive	competitive	ADJ
ajfa-5212	89	34	banking	banking	NOUN
ajfa-5212	89	35	environment11	environment11	NOUN
ajfa-5212	89	36	in	in	ADP
ajfa-5212	89	37	taiwan	taiwan	PROPN
ajfa-5212	89	38	.	.	PUNCT
ajfa-5212	90	1	because	because	SCONJ
ajfa-5212	90	2	of	of	ADP
ajfa-5212	90	3	this	this	PRON
ajfa-5212	90	4	,	,	PUNCT
ajfa-5212	90	5	in	in	ADP
ajfa-5212	90	6	addition	addition	NOUN
ajfa-5212	90	7	to	to	ADP
ajfa-5212	90	8	using	use	VERB
ajfa-5212	90	9	the	the	DET
ajfa-5212	90	10	measures	measure	NOUN
ajfa-5212	90	11	of	of	ADP
ajfa-5212	90	12	scale	scale	NOUN
ajfa-5212	90	13	and	and	CCONJ
ajfa-5212	90	14	length	length	NOUN
ajfa-5212	90	15	of	of	ADP
ajfa-5212	90	16	time	time	NOUN
ajfa-5212	90	17	in	in	ADP
ajfa-5212	90	18	existence	existence	NOUN
ajfa-5212	90	19	to	to	PART
ajfa-5212	90	20	reflect	reflect	VERB
ajfa-5212	90	21	the	the	DET
ajfa-5212	90	22	level	level	NOUN
ajfa-5212	90	23	of	of	ADP
ajfa-5212	90	24	information	information	NOUN
ajfa-5212	90	25	asymmetry	asymmetry	NOUN
ajfa-5212	90	26	,	,	PUNCT
ajfa-5212	90	27	we	we	PRON
ajfa-5212	90	28	also	also	ADV
ajfa-5212	90	29	include	include	VERB
ajfa-5212	90	30	a	a	DET
ajfa-5212	90	31	measure	measure	NOUN
ajfa-5212	90	32	referred	refer	VERB
ajfa-5212	90	33	to	to	ADP
ajfa-5212	90	34	as	as	ADP
ajfa-5212	90	35	“	"	PUNCT
ajfa-5212	90	36	before	before	ADP
ajfa-5212	90	37	or	or	CCONJ
ajfa-5212	90	38	after	after	ADP
ajfa-5212	90	39	the	the	DET
ajfa-5212	90	40	approval	approval	NOUN
ajfa-5212	90	41	of	of	ADP
ajfa-5212	90	42	the	the	DET
ajfa-5212	90	43	policy	policy	NOUN
ajfa-5212	90	44	for	for	ADP
ajfa-5212	90	45	the	the	DET
ajfa-5212	90	46	establishment	establishment	NOUN
ajfa-5212	90	47	of	of	ADP
ajfa-5212	90	48	new	new	ADJ
ajfa-5212	90	49	banks	bank	NOUN
ajfa-5212	90	50	”	"	PUNCT
ajfa-5212	90	51	.	.	PUNCT
ajfa-5212	91	1	to	to	PART
ajfa-5212	91	2	sum	sum	VERB
ajfa-5212	91	3	up	up	ADP
ajfa-5212	91	4	,	,	PUNCT
ajfa-5212	91	5	firms	firm	NOUN
ajfa-5212	91	6	with	with	ADP
ajfa-5212	91	7	more	more	ADJ
ajfa-5212	91	8	capital	capital	NOUN
ajfa-5212	91	9	and	and	CCONJ
ajfa-5212	91	10	assets	asset	NOUN
ajfa-5212	91	11	,	,	PUNCT
ajfa-5212	91	12	that	that	PRON
ajfa-5212	91	13	have	have	AUX
ajfa-5212	91	14	been	be	AUX
ajfa-5212	91	15	in	in	ADP
ajfa-5212	91	16	existence	existence	NOUN
ajfa-5212	91	17	for	for	ADP
ajfa-5212	91	18	a	a	DET
ajfa-5212	91	19	longer	long	ADJ
ajfa-5212	91	20	period	period	NOUN
ajfa-5212	91	21	of	of	ADP
ajfa-5212	91	22	time	time	NOUN
ajfa-5212	91	23	,	,	PUNCT
ajfa-5212	91	24	and	and	CCONJ
ajfa-5212	91	25	that	that	PRON
ajfa-5212	91	26	received	receive	VERB
ajfa-5212	91	27	their	their	PRON
ajfa-5212	91	28	loans	loan	NOUN
ajfa-5212	91	29	“	"	PUNCT
ajfa-5212	91	30	before	before	SCONJ
ajfa-5212	91	31	or	or	CCONJ
ajfa-5212	91	32	after	after	ADP
ajfa-5212	91	33	the	the	DET
ajfa-5212	91	34	approval	approval	NOUN
ajfa-5212	91	35	of	of	ADP
ajfa-5212	91	36	the	the	DET
ajfa-5212	91	37	policy	policy	NOUN
ajfa-5212	91	38	for	for	ADP
ajfa-5212	91	39	the	the	DET
ajfa-5212	91	40	establishment	establishment	NOUN
ajfa-5212	91	41	of	of	ADP
ajfa-5212	91	42	new	new	ADJ
ajfa-5212	91	43	banks	bank	NOUN
ajfa-5212	91	44	”	"	PUNCT
ajfa-5212	91	45	will	will	AUX
ajfa-5212	91	46	be	be	AUX
ajfa-5212	91	47	deemed	deem	VERB
ajfa-5212	91	48	to	to	PART
ajfa-5212	91	49	be	be	AUX
ajfa-5212	91	50	more	more	ADV
ajfa-5212	91	51	transparent	transparent	ADJ
ajfa-5212	91	52	and	and	CCONJ
ajfa-5212	91	53	with	with	ADP
ajfa-5212	91	54	less	less	ADJ
ajfa-5212	91	55	shortage	shortage	NOUN
ajfa-5212	91	56	of	of	ADP
ajfa-5212	91	57	information	information	NOUN
ajfa-5212	91	58	asymmetry	asymmetry	NOUN
ajfa-5212	91	59	.	.	PUNCT
ajfa-5212	92	1	such	such	ADJ
ajfa-5212	92	2	firms	firm	NOUN
ajfa-5212	92	3	and	and	CCONJ
ajfa-5212	92	4	their	their	PRON
ajfa-5212	92	5	loan	loan	NOUN
ajfa-5212	92	6	applications	application	NOUN
ajfa-5212	92	7	are	be	AUX
ajfa-5212	92	8	welcomed	welcome	VERB
ajfa-5212	92	9	by	by	ADP
ajfa-5212	92	10	asian	asian	ADJ
ajfa-5212	92	11	journal	journal	PROPN
ajfa-5212	92	12	of	of	ADP
ajfa-5212	92	13	finance	finance	PROPN
ajfa-5212	92	14	&	&	CCONJ
ajfa-5212	92	15	accounting	accounting	PROPN
ajfa-5212	92	16	issn	issn	PROPN
ajfa-5212	92	17	1946	1946	NUM
ajfa-5212	92	18	-	-	PUNCT
ajfa-5212	92	19	052x	052x	PROPN
ajfa-5212	92	20	2014	2014	NUM
ajfa-5212	92	21	,	,	PUNCT
ajfa-5212	92	22	vol	vol	NOUN
ajfa-5212	92	23	.	.	PROPN
ajfa-5212	92	24	6	6	NUM
ajfa-5212	92	25	,	,	PUNCT
ajfa-5212	92	26	no	no	INTJ
ajfa-5212	92	27	.	.	NOUN
ajfa-5212	92	28	1	1	NUM
ajfa-5212	92	29	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	92	30	180	180	NUM
ajfa-5212	92	31	any	any	DET
ajfa-5212	92	32	kind	kind	NOUN
ajfa-5212	92	33	of	of	ADP
ajfa-5212	92	34	bank	bank	NOUN
ajfa-5212	92	35	.	.	PUNCT
ajfa-5212	93	1	if	if	SCONJ
ajfa-5212	93	2	banks	bank	NOUN
ajfa-5212	93	3	with	with	ADP
ajfa-5212	93	4	and	and	CCONJ
ajfa-5212	93	5	without	without	ADP
ajfa-5212	93	6	“	"	PUNCT
ajfa-5212	93	7	wobd	wobd	NOUN
ajfa-5212	93	8	”	"	PUNCT
ajfa-5212	93	9	contain	contain	VERB
ajfa-5212	93	10	significant	significant	ADJ
ajfa-5212	93	11	differences	difference	NOUN
ajfa-5212	93	12	in	in	ADP
ajfa-5212	93	13	information	information	NOUN
ajfa-5212	93	14	transparency	transparency	NOUN
ajfa-5212	93	15	,	,	PUNCT
ajfa-5212	93	16	this	this	PRON
ajfa-5212	93	17	may	may	AUX
ajfa-5212	93	18	indicate	indicate	VERB
ajfa-5212	93	19	that	that	SCONJ
ajfa-5212	93	20	banks	bank	NOUN
ajfa-5212	93	21	without	without	ADP
ajfa-5212	93	22	“	"	PUNCT
ajfa-5212	93	23	wobd	wobd	NOUN
ajfa-5212	93	24	”	"	PUNCT
ajfa-5212	93	25	place	place	NOUN
ajfa-5212	93	26	more	more	ADJ
ajfa-5212	93	27	emphasis	emphasis	NOUN
ajfa-5212	93	28	on	on	ADP
ajfa-5212	93	29	information	information	NOUN
ajfa-5212	93	30	transparency	transparency	NOUN
ajfa-5212	93	31	.	.	PUNCT
ajfa-5212	94	1	the	the	DET
ajfa-5212	94	2	same	same	ADJ
ajfa-5212	94	3	inferences	inference	NOUN
ajfa-5212	94	4	apply	apply	VERB
ajfa-5212	94	5	to	to	ADP
ajfa-5212	94	6	banks	bank	NOUN
ajfa-5212	94	7	without	without	ADP
ajfa-5212	94	8	“	"	PUNCT
ajfa-5212	94	9	hccl	hccl	PROPN
ajfa-5212	94	10	”	"	PUNCT
ajfa-5212	94	11	.	.	PUNCT
ajfa-5212	95	1	hypothesis	hypothesis	NOUN
ajfa-5212	95	2	2	2	NUM
ajfa-5212	95	3	:	:	PUNCT
ajfa-5212	95	4	it	it	PRON
ajfa-5212	95	5	is	be	AUX
ajfa-5212	95	6	easier	easy	ADJ
ajfa-5212	95	7	for	for	SCONJ
ajfa-5212	95	8	borrowers	borrower	NOUN
ajfa-5212	95	9	with	with	ADP
ajfa-5212	95	10	a	a	DET
ajfa-5212	95	11	better	well	ADJ
ajfa-5212	95	12	credit	credit	NOUN
ajfa-5212	95	13	history	history	NOUN
ajfa-5212	95	14	to	to	PART
ajfa-5212	95	15	establish	establish	VERB
ajfa-5212	95	16	relationships	relationship	NOUN
ajfa-5212	95	17	with	with	ADP
ajfa-5212	95	18	banks	bank	NOUN
ajfa-5212	95	19	,	,	PUNCT
ajfa-5212	95	20	regardless	regardless	ADV
ajfa-5212	95	21	of	of	ADP
ajfa-5212	95	22	the	the	DET
ajfa-5212	95	23	bank	bank	NOUN
ajfa-5212	95	24	’s	’s	PART
ajfa-5212	95	25	lending	lending	NOUN
ajfa-5212	95	26	performance	performance	NOUN
ajfa-5212	95	27	.	.	PUNCT
ajfa-5212	96	1	however	however	ADV
ajfa-5212	96	2	,	,	PUNCT
ajfa-5212	96	3	whether	whether	SCONJ
ajfa-5212	96	4	or	or	CCONJ
ajfa-5212	96	5	not	not	PART
ajfa-5212	96	6	a	a	DET
ajfa-5212	96	7	bank	bank	NOUN
ajfa-5212	96	8	with	with	ADP
ajfa-5212	96	9	low	low	ADJ
ajfa-5212	96	10	performance	performance	NOUN
ajfa-5212	96	11	will	will	AUX
ajfa-5212	96	12	reduce	reduce	VERB
ajfa-5212	96	13	its	its	PRON
ajfa-5212	96	14	contact	contact	NOUN
ajfa-5212	96	15	with	with	ADP
ajfa-5212	96	16	borrowers	borrower	NOUN
ajfa-5212	96	17	with	with	ADP
ajfa-5212	96	18	a	a	DET
ajfa-5212	96	19	bad	bad	ADJ
ajfa-5212	96	20	credit	credit	NOUN
ajfa-5212	96	21	history	history	NOUN
ajfa-5212	96	22	to	to	PART
ajfa-5212	96	23	avoid	avoid	VERB
ajfa-5212	96	24	incurring	incur	VERB
ajfa-5212	96	25	a	a	DET
ajfa-5212	96	26	high	high	ADJ
ajfa-5212	96	27	non	non	ADJ
ajfa-5212	96	28	-	-	ADJ
ajfa-5212	96	29	performing	performing	ADJ
ajfa-5212	96	30	loan	loan	NOUN
ajfa-5212	96	31	(	(	PUNCT
ajfa-5212	96	32	hereafter	hereafter	NOUN
ajfa-5212	96	33	npl	npl	PROPN
ajfa-5212	96	34	)	)	PUNCT
ajfa-5212	96	35	ratio	ratio	NOUN
ajfa-5212	96	36	has	have	VERB
ajfa-5212	96	37	yet	yet	ADV
ajfa-5212	96	38	to	to	PART
ajfa-5212	96	39	be	be	AUX
ajfa-5212	96	40	verified	verify	VERB
ajfa-5212	96	41	.	.	PUNCT
ajfa-5212	97	1	the	the	DET
ajfa-5212	97	2	same	same	ADJ
ajfa-5212	97	3	question	question	NOUN
ajfa-5212	97	4	applies	apply	VERB
ajfa-5212	97	5	to	to	ADP
ajfa-5212	97	6	banks	bank	NOUN
ajfa-5212	97	7	with	with	ADP
ajfa-5212	97	8	a	a	DET
ajfa-5212	97	9	low	low	ADJ
ajfa-5212	97	10	performance	performance	NOUN
ajfa-5212	97	11	,	,	PUNCT
ajfa-5212	97	12	but	but	CCONJ
ajfa-5212	97	13	that	that	PRON
ajfa-5212	97	14	have	have	AUX
ajfa-5212	97	15	had	have	VERB
ajfa-5212	97	16	previous	previous	ADJ
ajfa-5212	97	17	relationships	relationship	NOUN
ajfa-5212	97	18	with	with	ADP
ajfa-5212	97	19	borrowers	borrower	NOUN
ajfa-5212	97	20	with	with	ADP
ajfa-5212	97	21	a	a	DET
ajfa-5212	97	22	bad	bad	ADJ
ajfa-5212	97	23	credit	credit	NOUN
ajfa-5212	97	24	history	history	NOUN
ajfa-5212	97	25	.	.	PUNCT
ajfa-5212	98	1	banks	bank	NOUN
ajfa-5212	98	2	with	with	ADP
ajfa-5212	98	3	high	high	ADJ
ajfa-5212	98	4	lending	lending	NOUN
ajfa-5212	98	5	performance	performance	NOUN
ajfa-5212	98	6	prefer	prefer	VERB
ajfa-5212	98	7	to	to	PART
ajfa-5212	98	8	do	do	VERB
ajfa-5212	98	9	business	business	NOUN
ajfa-5212	98	10	with	with	ADP
ajfa-5212	98	11	firms	firm	NOUN
ajfa-5212	98	12	whose	whose	DET
ajfa-5212	98	13	chairperson	chairperson	NOUN
ajfa-5212	98	14	has	have	VERB
ajfa-5212	98	15	a	a	DET
ajfa-5212	98	16	good	good	ADJ
ajfa-5212	98	17	credit	credit	NOUN
ajfa-5212	98	18	score	score	NOUN
ajfa-5212	98	19	.	.	PUNCT
ajfa-5212	99	1	this	this	PRON
ajfa-5212	99	2	is	be	AUX
ajfa-5212	99	3	not	not	PART
ajfa-5212	99	4	usually	usually	ADV
ajfa-5212	99	5	the	the	DET
ajfa-5212	99	6	case	case	NOUN
ajfa-5212	99	7	for	for	ADP
ajfa-5212	99	8	banks	bank	NOUN
ajfa-5212	99	9	with	with	ADP
ajfa-5212	99	10	low	low	ADJ
ajfa-5212	99	11	lending	lending	NOUN
ajfa-5212	99	12	performance	performance	NOUN
ajfa-5212	99	13	.	.	PUNCT
ajfa-5212	100	1	according	accord	VERB
ajfa-5212	100	2	to	to	ADP
ajfa-5212	100	3	the	the	DET
ajfa-5212	100	4	efficient	efficient	ADJ
ajfa-5212	100	5	frontier	frontier	NOUN
ajfa-5212	100	6	in	in	ADP
ajfa-5212	100	7	portfolio	portfolio	NOUN
ajfa-5212	100	8	theory	theory	NOUN
ajfa-5212	100	9	,	,	PUNCT
ajfa-5212	100	10	banks	bank	NOUN
ajfa-5212	100	11	should	should	AUX
ajfa-5212	100	12	pursue	pursue	VERB
ajfa-5212	100	13	the	the	DET
ajfa-5212	100	14	highest	high	ADJ
ajfa-5212	100	15	rate	rate	NOUN
ajfa-5212	100	16	of	of	ADP
ajfa-5212	100	17	return	return	NOUN
ajfa-5212	100	18	within	within	ADP
ajfa-5212	100	19	the	the	DET
ajfa-5212	100	20	specified	specified	ADJ
ajfa-5212	100	21	risk	risk	NOUN
ajfa-5212	100	22	appetite	appetite	NOUN
ajfa-5212	100	23	.	.	PUNCT
ajfa-5212	101	1	banks	bank	NOUN
ajfa-5212	101	2	should	should	AUX
ajfa-5212	101	3	choose	choose	VERB
ajfa-5212	101	4	the	the	DET
ajfa-5212	101	5	optimal	optimal	ADJ
ajfa-5212	101	6	client	client	NOUN
ajfa-5212	101	7	and	and	CCONJ
ajfa-5212	101	8	assume	assume	VERB
ajfa-5212	101	9	a	a	DET
ajfa-5212	101	10	reasonable	reasonable	ADJ
ajfa-5212	101	11	amount	amount	NOUN
ajfa-5212	101	12	of	of	ADP
ajfa-5212	101	13	credit	credit	NOUN
ajfa-5212	101	14	risk	risk	NOUN
ajfa-5212	101	15	,	,	PUNCT
ajfa-5212	101	16	but	but	CCONJ
ajfa-5212	101	17	not	not	PART
ajfa-5212	101	18	always	always	ADV
ajfa-5212	101	19	look	look	VERB
ajfa-5212	101	20	for	for	ADP
ajfa-5212	101	21	the	the	DET
ajfa-5212	101	22	best	good	ADJ
ajfa-5212	101	23	borrower12	borrower12	NOUN
ajfa-5212	101	24	.	.	PUNCT
ajfa-5212	102	1	if	if	SCONJ
ajfa-5212	102	2	a	a	DET
ajfa-5212	102	3	potential	potential	ADJ
ajfa-5212	102	4	client	client	NOUN
ajfa-5212	102	5	has	have	AUX
ajfa-5212	102	6	had	have	VERB
ajfa-5212	102	7	a	a	DET
ajfa-5212	102	8	bad	bad	ADJ
ajfa-5212	102	9	credit	credit	NOUN
ajfa-5212	102	10	record	record	NOUN
ajfa-5212	102	11	in	in	ADP
ajfa-5212	102	12	the	the	DET
ajfa-5212	102	13	past	past	NOUN
ajfa-5212	102	14	,	,	PUNCT
ajfa-5212	102	15	it	it	PRON
ajfa-5212	102	16	is	be	AUX
ajfa-5212	102	17	right	right	ADJ
ajfa-5212	102	18	for	for	SCONJ
ajfa-5212	102	19	a	a	DET
ajfa-5212	102	20	bank	bank	NOUN
ajfa-5212	102	21	to	to	PART
ajfa-5212	102	22	deal	deal	VERB
ajfa-5212	102	23	with	with	ADP
ajfa-5212	102	24	such	such	DET
ajfa-5212	102	25	a	a	DET
ajfa-5212	102	26	case	case	NOUN
ajfa-5212	102	27	in	in	ADP
ajfa-5212	102	28	a	a	DET
ajfa-5212	102	29	prudent	prudent	ADJ
ajfa-5212	102	30	manner	manner	NOUN
ajfa-5212	102	31	.	.	PUNCT
ajfa-5212	103	1	different	different	ADJ
ajfa-5212	103	2	banks	bank	NOUN
ajfa-5212	103	3	deal	deal	VERB
ajfa-5212	103	4	with	with	ADP
ajfa-5212	103	5	such	such	ADJ
ajfa-5212	103	6	cases	case	NOUN
ajfa-5212	103	7	in	in	ADP
ajfa-5212	103	8	different	different	ADJ
ajfa-5212	103	9	ways	way	NOUN
ajfa-5212	103	10	.	.	PUNCT
ajfa-5212	104	1	while	while	SCONJ
ajfa-5212	104	2	some	some	DET
ajfa-5212	104	3	banks	bank	NOUN
ajfa-5212	104	4	may	may	AUX
ajfa-5212	104	5	abandon	abandon	VERB
ajfa-5212	104	6	this	this	DET
ajfa-5212	104	7	type	type	NOUN
ajfa-5212	104	8	of	of	ADP
ajfa-5212	104	9	business	business	NOUN
ajfa-5212	104	10	to	to	PART
ajfa-5212	104	11	avoid	avoid	VERB
ajfa-5212	104	12	a	a	DET
ajfa-5212	104	13	high	high	ADJ
ajfa-5212	104	14	npl	npl	NOUN
ajfa-5212	104	15	ratio	ratio	NOUN
ajfa-5212	104	16	,	,	PUNCT
ajfa-5212	104	17	other	other	ADJ
ajfa-5212	104	18	banks	bank	NOUN
ajfa-5212	104	19	are	be	AUX
ajfa-5212	104	20	attracted	attract	VERB
ajfa-5212	104	21	by	by	ADP
ajfa-5212	104	22	a	a	DET
ajfa-5212	104	23	high	high	ADJ
ajfa-5212	104	24	loan	loan	NOUN
ajfa-5212	104	25	spread	spread	NOUN
ajfa-5212	104	26	,	,	PUNCT
ajfa-5212	104	27	all	all	PRON
ajfa-5212	104	28	of	of	ADP
ajfa-5212	104	29	which	which	PRON
ajfa-5212	104	30	depends	depend	VERB
ajfa-5212	104	31	on	on	ADP
ajfa-5212	104	32	the	the	DET
ajfa-5212	104	33	firm	firm	NOUN
ajfa-5212	104	34	’s	’s	PART
ajfa-5212	104	35	situation	situation	NOUN
ajfa-5212	104	36	and	and	CCONJ
ajfa-5212	104	37	lending	lending	NOUN
ajfa-5212	104	38	performance	performance	NOUN
ajfa-5212	104	39	.	.	PUNCT
ajfa-5212	105	1	from	from	ADP
ajfa-5212	105	2	the	the	DET
ajfa-5212	105	3	perspective	perspective	NOUN
ajfa-5212	105	4	of	of	ADP
ajfa-5212	105	5	the	the	DET
ajfa-5212	105	6	borrower	borrower	NOUN
ajfa-5212	105	7	,	,	PUNCT
ajfa-5212	105	8	as	as	ADV
ajfa-5212	105	9	long	long	ADV
ajfa-5212	105	10	as	as	SCONJ
ajfa-5212	105	11	the	the	DET
ajfa-5212	105	12	borrower	borrower	NOUN
ajfa-5212	105	13	can	can	AUX
ajfa-5212	105	14	raise	raise	VERB
ajfa-5212	105	15	sufficient	sufficient	ADJ
ajfa-5212	105	16	funds	fund	NOUN
ajfa-5212	105	17	to	to	PART
ajfa-5212	105	18	meet	meet	VERB
ajfa-5212	105	19	its	its	PRON
ajfa-5212	105	20	debt	debt	NOUN
ajfa-5212	105	21	capacity	capacity	NOUN
ajfa-5212	105	22	and	and	CCONJ
ajfa-5212	105	23	loan	loan	NOUN
ajfa-5212	105	24	interest	interest	NOUN
ajfa-5212	105	25	rates	rate	NOUN
ajfa-5212	105	26	are	be	AUX
ajfa-5212	105	27	still	still	ADV
ajfa-5212	105	28	low	low	ADJ
ajfa-5212	105	29	,	,	PUNCT
ajfa-5212	105	30	then	then	ADV
ajfa-5212	105	31	the	the	DET
ajfa-5212	105	32	borrower	borrower	NOUN
ajfa-5212	105	33	will	will	AUX
ajfa-5212	105	34	be	be	AUX
ajfa-5212	105	35	more	more	ADV
ajfa-5212	105	36	willing	willing	ADJ
ajfa-5212	105	37	to	to	PART
ajfa-5212	105	38	make	make	VERB
ajfa-5212	105	39	contact	contact	NOUN
ajfa-5212	105	40	with	with	ADP
ajfa-5212	105	41	any	any	DET
ajfa-5212	105	42	kind	kind	NOUN
ajfa-5212	105	43	of	of	ADP
ajfa-5212	105	44	bank	bank	NOUN
ajfa-5212	105	45	,	,	PUNCT
ajfa-5212	105	46	without	without	ADP
ajfa-5212	105	47	considering	consider	VERB
ajfa-5212	105	48	whether	whether	SCONJ
ajfa-5212	105	49	its	its	PRON
ajfa-5212	105	50	lending	lending	NOUN
ajfa-5212	105	51	performance	performance	NOUN
ajfa-5212	105	52	is	be	AUX
ajfa-5212	105	53	good	good	ADJ
ajfa-5212	105	54	or	or	CCONJ
ajfa-5212	105	55	bad	bad	ADJ
ajfa-5212	105	56	.	.	PUNCT
ajfa-5212	106	1	many	many	ADJ
ajfa-5212	106	2	studies	study	NOUN
ajfa-5212	106	3	on	on	ADP
ajfa-5212	106	4	the	the	DET
ajfa-5212	106	5	taiwan	taiwan	PROPN
ajfa-5212	106	6	economy	economy	NOUN
ajfa-5212	106	7	have	have	AUX
ajfa-5212	106	8	shown	show	VERB
ajfa-5212	106	9	that	that	SCONJ
ajfa-5212	106	10	,	,	PUNCT
ajfa-5212	106	11	unless	unless	SCONJ
ajfa-5212	106	12	policy	policy	NOUN
ajfa-5212	106	13	-	-	PUNCT
ajfa-5212	106	14	related	relate	VERB
ajfa-5212	106	15	subsidies	subsidy	NOUN
ajfa-5212	106	16	or	or	CCONJ
ajfa-5212	106	17	government	government	NOUN
ajfa-5212	106	18	relief	relief	NOUN
ajfa-5212	106	19	measures	measure	NOUN
ajfa-5212	106	20	are	be	AUX
ajfa-5212	106	21	in	in	ADP
ajfa-5212	106	22	place	place	NOUN
ajfa-5212	106	23	when	when	SCONJ
ajfa-5212	106	24	banks	bank	NOUN
ajfa-5212	106	25	face	face	VERB
ajfa-5212	106	26	such	such	ADJ
ajfa-5212	106	27	loan	loan	NOUN
ajfa-5212	106	28	applications	application	NOUN
ajfa-5212	106	29	from	from	ADP
ajfa-5212	106	30	borrowers	borrower	NOUN
ajfa-5212	106	31	,	,	PUNCT
ajfa-5212	106	32	the	the	DET
ajfa-5212	106	33	banks	bank	NOUN
ajfa-5212	106	34	will	will	AUX
ajfa-5212	106	35	normally	normally	ADV
ajfa-5212	106	36	ask	ask	VERB
ajfa-5212	106	37	firms	firm	NOUN
ajfa-5212	106	38	to	to	PART
ajfa-5212	106	39	provide	provide	VERB
ajfa-5212	106	40	collateral	collateral	NOUN
ajfa-5212	106	41	.	.	PUNCT
ajfa-5212	107	1	they	they	PRON
ajfa-5212	107	2	will	will	AUX
ajfa-5212	107	3	also	also	ADV
ajfa-5212	107	4	look	look	VERB
ajfa-5212	107	5	to	to	PART
ajfa-5212	107	6	see	see	VERB
ajfa-5212	107	7	if	if	SCONJ
ajfa-5212	107	8	the	the	DET
ajfa-5212	107	9	chairperson	chairperson	NOUN
ajfa-5212	107	10	’s	’s	PART
ajfa-5212	107	11	credit	credit	NOUN
ajfa-5212	107	12	score	score	NOUN
ajfa-5212	107	13	is	be	AUX
ajfa-5212	107	14	above	above	ADP
ajfa-5212	107	15	the	the	DET
ajfa-5212	107	16	threshold	threshold	NOUN
ajfa-5212	107	17	criteria	criterion	NOUN
ajfa-5212	107	18	,	,	PUNCT
ajfa-5212	107	19	and	and	CCONJ
ajfa-5212	107	20	will	will	AUX
ajfa-5212	107	21	require	require	VERB
ajfa-5212	107	22	a	a	DET
ajfa-5212	107	23	guarantee	guarantee	NOUN
ajfa-5212	107	24	from	from	ADP
ajfa-5212	107	25	the	the	DET
ajfa-5212	107	26	chairperson13	chairperson13	NOUN
ajfa-5212	107	27	.	.	PUNCT
ajfa-5212	108	1	hypothesis	hypothesis	NOUN
ajfa-5212	108	2	3	3	NUM
ajfa-5212	108	3	:	:	PUNCT
ajfa-5212	108	4	borrowers	borrower	NOUN
ajfa-5212	108	5	that	that	PRON
ajfa-5212	108	6	are	be	AUX
ajfa-5212	108	7	publicly	publicly	ADV
ajfa-5212	108	8	-	-	PUNCT
ajfa-5212	108	9	held	hold	VERB
ajfa-5212	108	10	firms	firm	NOUN
ajfa-5212	108	11	,	,	PUNCT
ajfa-5212	108	12	or	or	CCONJ
ajfa-5212	108	13	belong	belong	VERB
ajfa-5212	108	14	to	to	ADP
ajfa-5212	108	15	conglomerates	conglomerate	NOUN
ajfa-5212	108	16	,	,	PUNCT
ajfa-5212	108	17	and	and	CCONJ
ajfa-5212	108	18	have	have	VERB
ajfa-5212	108	19	lower	low	ADJ
ajfa-5212	108	20	industry	industry	NOUN
ajfa-5212	108	21	concentration	concentration	NOUN
ajfa-5212	108	22	risk	risk	NOUN
ajfa-5212	108	23	are	be	AUX
ajfa-5212	108	24	more	more	ADV
ajfa-5212	108	25	attractive	attractive	ADJ
ajfa-5212	108	26	to	to	ADP
ajfa-5212	108	27	any	any	DET
ajfa-5212	108	28	kind	kind	NOUN
ajfa-5212	108	29	of	of	ADP
ajfa-5212	108	30	banks	bank	NOUN
ajfa-5212	108	31	.	.	PUNCT
ajfa-5212	109	1	large	large	ADJ
ajfa-5212	109	2	foreign	foreign	ADJ
ajfa-5212	109	3	companies	company	NOUN
ajfa-5212	109	4	are	be	AUX
ajfa-5212	109	5	commonly	commonly	ADV
ajfa-5212	109	6	multi	multi	ADJ
ajfa-5212	109	7	-	-	ADJ
ajfa-5212	109	8	national	national	ADJ
ajfa-5212	109	9	,	,	PUNCT
ajfa-5212	109	10	have	have	AUX
ajfa-5212	109	11	good	good	ADJ
ajfa-5212	109	12	reputations	reputation	NOUN
ajfa-5212	109	13	and	and	CCONJ
ajfa-5212	109	14	have	have	VERB
ajfa-5212	109	15	a	a	DET
ajfa-5212	109	16	need	need	NOUN
ajfa-5212	109	17	to	to	PART
ajfa-5212	109	18	raise	raise	VERB
ajfa-5212	109	19	funds	fund	NOUN
ajfa-5212	109	20	,	,	PUNCT
ajfa-5212	109	21	and	and	CCONJ
ajfa-5212	109	22	so	so	ADV
ajfa-5212	109	23	they	they	PRON
ajfa-5212	109	24	are	be	AUX
ajfa-5212	109	25	more	more	ADV
ajfa-5212	109	26	willing	willing	ADJ
ajfa-5212	109	27	to	to	PART
ajfa-5212	109	28	build	build	VERB
ajfa-5212	109	29	a	a	DET
ajfa-5212	109	30	relationship	relationship	NOUN
ajfa-5212	109	31	with	with	ADP
ajfa-5212	109	32	any	any	DET
ajfa-5212	109	33	kind	kind	NOUN
ajfa-5212	109	34	of	of	ADP
ajfa-5212	109	35	bank	bank	NOUN
ajfa-5212	109	36	.	.	PUNCT
ajfa-5212	110	1	small	small	ADJ
ajfa-5212	110	2	foreign	foreign	ADJ
ajfa-5212	110	3	companies	company	NOUN
ajfa-5212	110	4	in	in	ADP
ajfa-5212	110	5	taiwan	taiwan	PROPN
ajfa-5212	110	6	would	would	AUX
ajfa-5212	110	7	rather	rather	ADV
ajfa-5212	110	8	choose	choose	VERB
ajfa-5212	110	9	a	a	DET
ajfa-5212	110	10	steady	steady	ADJ
ajfa-5212	110	11	relationship	relationship	NOUN
ajfa-5212	110	12	with	with	ADP
ajfa-5212	110	13	one	one	NUM
ajfa-5212	110	14	bank	bank	NOUN
ajfa-5212	110	15	that	that	PRON
ajfa-5212	110	16	has	have	VERB
ajfa-5212	110	17	a	a	DET
ajfa-5212	110	18	good	good	ADJ
ajfa-5212	110	19	lending	lending	NOUN
ajfa-5212	110	20	performance	performance	NOUN
ajfa-5212	110	21	within	within	ADP
ajfa-5212	110	22	this	this	DET
ajfa-5212	110	23	over	over	ADP
ajfa-5212	110	24	-	-	PUNCT
ajfa-5212	110	25	banking	banking	NOUN
ajfa-5212	110	26	environment	environment	NOUN
ajfa-5212	110	27	.	.	PUNCT
ajfa-5212	111	1	the	the	DET
ajfa-5212	111	2	fifth	fifth	ADJ
ajfa-5212	111	3	motivation	motivation	NOUN
ajfa-5212	111	4	theory	theory	NOUN
ajfa-5212	111	5	regarding	regard	VERB
ajfa-5212	111	6	the	the	DET
ajfa-5212	111	7	banking	banking	NOUN
ajfa-5212	111	8	relationship	relationship	NOUN
ajfa-5212	111	9	discussed	discuss	VERB
ajfa-5212	111	10	in	in	ADP
ajfa-5212	111	11	berger	berger	PROPN
ajfa-5212	111	12	et	et	PROPN
ajfa-5212	111	13	al	al	PROPN
ajfa-5212	111	14	.	.	PROPN
ajfa-5212	111	15	(	(	PUNCT
ajfa-5212	111	16	2008	2008	NUM
ajfa-5212	111	17	)	)	PUNCT
ajfa-5212	111	18	and	and	CCONJ
ajfa-5212	111	19	kuo	kuo	PROPN
ajfa-5212	111	20	and	and	CCONJ
ajfa-5212	111	21	chen	chen	PROPN
ajfa-5212	111	22	(	(	PUNCT
ajfa-5212	111	23	2012	2012	NUM
ajfa-5212	111	24	)	)	PUNCT
ajfa-5212	111	25	emphasizes	emphasize	VERB
ajfa-5212	111	26	the	the	DET
ajfa-5212	111	27	importance	importance	NOUN
ajfa-5212	111	28	of	of	ADP
ajfa-5212	111	29	the	the	DET
ajfa-5212	111	30	cost	cost	NOUN
ajfa-5212	111	31	and	and	CCONJ
ajfa-5212	111	32	benefit	benefit	NOUN
ajfa-5212	111	33	of	of	ADP
ajfa-5212	111	34	monitoring	monitoring	NOUN
ajfa-5212	111	35	.	.	PUNCT
ajfa-5212	112	1	therefore	therefore	ADV
ajfa-5212	112	2	,	,	PUNCT
ajfa-5212	112	3	banks	bank	NOUN
ajfa-5212	112	4	with	with	ADP
ajfa-5212	112	5	good	good	ADJ
ajfa-5212	112	6	lending	lending	NOUN
ajfa-5212	112	7	performance	performance	NOUN
ajfa-5212	112	8	(	(	PUNCT
ajfa-5212	112	9	without	without	ADP
ajfa-5212	112	10	“	"	PUNCT
ajfa-5212	112	11	wobd	wobd	NOUN
ajfa-5212	112	12	”	"	PUNCT
ajfa-5212	112	13	and	and	CCONJ
ajfa-5212	112	14	“	"	PUNCT
ajfa-5212	112	15	hccl	hccl	PROPN
ajfa-5212	112	16	”	"	PUNCT
ajfa-5212	112	17	)	)	PUNCT
ajfa-5212	112	18	prefer	prefer	VERB
ajfa-5212	112	19	having	have	VERB
ajfa-5212	112	20	relationships	relationship	NOUN
ajfa-5212	112	21	with	with	ADP
ajfa-5212	112	22	listed	list	VERB
ajfa-5212	112	23	and	and	CCONJ
ajfa-5212	112	24	otc	otc	PROPN
ajfa-5212	112	25	companies	company	NOUN
ajfa-5212	112	26	rather	rather	ADV
ajfa-5212	112	27	than	than	ADP
ajfa-5212	112	28	with	with	ADP
ajfa-5212	112	29	publicly	publicly	ADV
ajfa-5212	112	30	-	-	PUNCT
ajfa-5212	112	31	held	hold	VERB
ajfa-5212	112	32	companies	company	NOUN
ajfa-5212	112	33	.	.	PUNCT
ajfa-5212	113	1	however	however	ADV
ajfa-5212	113	2	,	,	PUNCT
ajfa-5212	113	3	they	they	PRON
ajfa-5212	113	4	would	would	AUX
ajfa-5212	113	5	also	also	ADV
ajfa-5212	113	6	prefer	prefer	VERB
ajfa-5212	113	7	having	have	VERB
ajfa-5212	113	8	relationships	relationship	NOUN
ajfa-5212	113	9	with	with	ADP
ajfa-5212	113	10	publicly	publicly	ADV
ajfa-5212	113	11	-	-	PUNCT
ajfa-5212	113	12	held	hold	VERB
ajfa-5212	113	13	companies	company	NOUN
ajfa-5212	113	14	than	than	ADP
ajfa-5212	113	15	with	with	ADP
ajfa-5212	113	16	privately	privately	ADV
ajfa-5212	113	17	-	-	PUNCT
ajfa-5212	113	18	held	hold	VERB
ajfa-5212	113	19	companies	company	NOUN
ajfa-5212	113	20	.	.	PUNCT
ajfa-5212	114	1	they	they	PRON
ajfa-5212	114	2	usually	usually	ADV
ajfa-5212	114	3	adopt	adopt	VERB
ajfa-5212	114	4	the	the	DET
ajfa-5212	114	5	same	same	ADJ
ajfa-5212	114	6	approach	approach	NOUN
ajfa-5212	114	7	with	with	ADP
ajfa-5212	114	8	msbs	msbs	NOUN
ajfa-5212	114	9	.	.	PUNCT
ajfa-5212	115	1	banks	bank	NOUN
ajfa-5212	115	2	still	still	ADV
ajfa-5212	115	3	prefer	prefer	VERB
ajfa-5212	115	4	having	have	VERB
ajfa-5212	115	5	relationships	relationship	NOUN
ajfa-5212	115	6	with	with	ADP
ajfa-5212	115	7	corporations	corporation	NOUN
ajfa-5212	115	8	to	to	ADP
ajfa-5212	115	9	relationships	relationship	NOUN
ajfa-5212	115	10	with	with	ADP
ajfa-5212	115	11	proprietorships	proprietorship	NOUN
ajfa-5212	115	12	,	,	PUNCT
ajfa-5212	115	13	partnerships	partnership	NOUN
ajfa-5212	115	14	or	or	CCONJ
ajfa-5212	115	15	limited	limited	ADJ
ajfa-5212	115	16	companies	company	NOUN
ajfa-5212	115	17	.	.	PUNCT
ajfa-5212	116	1	it	it	PRON
ajfa-5212	116	2	must	must	AUX
ajfa-5212	116	3	also	also	ADV
ajfa-5212	116	4	be	be	AUX
ajfa-5212	116	5	understood	understand	VERB
ajfa-5212	116	6	that	that	SCONJ
ajfa-5212	116	7	companies	company	NOUN
ajfa-5212	116	8	that	that	PRON
ajfa-5212	116	9	are	be	AUX
ajfa-5212	116	10	publicly	publicly	ADV
ajfa-5212	116	11	-	-	PUNCT
ajfa-5212	116	12	held	hold	VERB
ajfa-5212	116	13	respond	respond	NOUN
ajfa-5212	116	14	differently	differently	ADV
ajfa-5212	116	15	to	to	ADP
ajfa-5212	116	16	a	a	DET
ajfa-5212	116	17	bank	bank	NOUN
ajfa-5212	116	18	’s	’s	PART
ajfa-5212	116	19	credit	credit	NOUN
ajfa-5212	116	20	risk	risk	NOUN
ajfa-5212	116	21	asian	asian	ADJ
ajfa-5212	116	22	journal	journal	NOUN
ajfa-5212	116	23	of	of	ADP
ajfa-5212	116	24	finance	finance	PROPN
ajfa-5212	116	25	&	&	CCONJ
ajfa-5212	116	26	accounting	accounting	PROPN
ajfa-5212	116	27	issn	issn	PROPN
ajfa-5212	116	28	1946	1946	NUM
ajfa-5212	116	29	-	-	PUNCT
ajfa-5212	116	30	052x	052x	PROPN
ajfa-5212	116	31	2014	2014	NUM
ajfa-5212	116	32	,	,	PUNCT
ajfa-5212	116	33	vol	vol	NOUN
ajfa-5212	116	34	.	.	PROPN
ajfa-5212	116	35	6	6	NUM
ajfa-5212	116	36	,	,	PUNCT
ajfa-5212	116	37	no	no	INTJ
ajfa-5212	116	38	.	.	NOUN
ajfa-5212	116	39	1	1	NUM
ajfa-5212	116	40	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	116	41	181	181	NUM
ajfa-5212	116	42	and	and	CCONJ
ajfa-5212	116	43	performance	performance	NOUN
ajfa-5212	116	44	,	,	PUNCT
ajfa-5212	116	45	and	and	CCONJ
ajfa-5212	116	46	vice	vice	ADV
ajfa-5212	116	47	versa	versa	ADV
ajfa-5212	116	48	.	.	PUNCT
ajfa-5212	117	1	if	if	SCONJ
ajfa-5212	117	2	a	a	DET
ajfa-5212	117	3	borrower	borrower	NOUN
ajfa-5212	117	4	is	be	AUX
ajfa-5212	117	5	a	a	DET
ajfa-5212	117	6	member	member	NOUN
ajfa-5212	117	7	of	of	ADP
ajfa-5212	117	8	a	a	DET
ajfa-5212	117	9	conglomerate	conglomerate	NOUN
ajfa-5212	117	10	and	and	CCONJ
ajfa-5212	117	11	belongs	belong	VERB
ajfa-5212	117	12	to	to	ADP
ajfa-5212	117	13	a	a	DET
ajfa-5212	117	14	high	high	ADJ
ajfa-5212	117	15	-	-	PUNCT
ajfa-5212	117	16	tech	tech	NOUN
ajfa-5212	117	17	or	or	CCONJ
ajfa-5212	117	18	traditional	traditional	ADJ
ajfa-5212	117	19	industry	industry	NOUN
ajfa-5212	117	20	,	,	PUNCT
ajfa-5212	117	21	it	it	PRON
ajfa-5212	117	22	needs	need	VERB
ajfa-5212	117	23	to	to	PART
ajfa-5212	117	24	be	be	AUX
ajfa-5212	117	25	asked	ask	VERB
ajfa-5212	117	26	whether	whether	SCONJ
ajfa-5212	117	27	this	this	PRON
ajfa-5212	117	28	will	will	AUX
ajfa-5212	117	29	affect	affect	VERB
ajfa-5212	117	30	the	the	DET
ajfa-5212	117	31	preferences	preference	NOUN
ajfa-5212	117	32	of	of	ADP
ajfa-5212	117	33	banks	bank	NOUN
ajfa-5212	117	34	.	.	PUNCT
ajfa-5212	118	1	it	it	PRON
ajfa-5212	118	2	actually	actually	ADV
ajfa-5212	118	3	depends	depend	VERB
ajfa-5212	118	4	on	on	ADP
ajfa-5212	118	5	whether	whether	SCONJ
ajfa-5212	118	6	the	the	DET
ajfa-5212	118	7	risk	risk	NOUN
ajfa-5212	118	8	associated	associate	VERB
ajfa-5212	118	9	with	with	ADP
ajfa-5212	118	10	the	the	DET
ajfa-5212	118	11	secured	secured	ADJ
ajfa-5212	118	12	or	or	CCONJ
ajfa-5212	118	13	unsecured	unsecured	ADJ
ajfa-5212	118	14	loan	loan	NOUN
ajfa-5212	118	15	related	relate	VERB
ajfa-5212	118	16	to	to	ADP
ajfa-5212	118	17	the	the	DET
ajfa-5212	118	18	borrower	borrower	NOUN
ajfa-5212	118	19	or	or	CCONJ
ajfa-5212	118	20	affiliated	affiliate	VERB
ajfa-5212	118	21	company	company	NOUN
ajfa-5212	118	22	exceeds	exceed	VERB
ajfa-5212	118	23	the	the	DET
ajfa-5212	118	24	risk	risk	NOUN
ajfa-5212	118	25	limits	limit	NOUN
ajfa-5212	118	26	and	and	CCONJ
ajfa-5212	118	27	industry	industry	NOUN
ajfa-5212	118	28	concentration	concentration	NOUN
ajfa-5212	118	29	risk	risk	NOUN
ajfa-5212	118	30	approved	approve	VERB
ajfa-5212	118	31	by	by	ADP
ajfa-5212	118	32	the	the	DET
ajfa-5212	118	33	bank	bank	NOUN
ajfa-5212	118	34	.	.	PUNCT
ajfa-5212	119	1	according	accord	VERB
ajfa-5212	119	2	to	to	ADP
ajfa-5212	119	3	the	the	DET
ajfa-5212	119	4	first	first	ADJ
ajfa-5212	119	5	and	and	CCONJ
ajfa-5212	119	6	second	second	ADJ
ajfa-5212	119	7	motivation	motivation	NOUN
ajfa-5212	119	8	theories	theory	NOUN
ajfa-5212	119	9	of	of	ADP
ajfa-5212	119	10	banking	banking	NOUN
ajfa-5212	119	11	relationships	relationship	NOUN
ajfa-5212	119	12	,	,	PUNCT
ajfa-5212	119	13	if	if	SCONJ
ajfa-5212	119	14	the	the	DET
ajfa-5212	119	15	borrower	borrower	NOUN
ajfa-5212	119	16	’s	’s	PART
ajfa-5212	119	17	predetermined	predetermine	VERB
ajfa-5212	119	18	scale	scale	NOUN
ajfa-5212	119	19	of	of	ADP
ajfa-5212	119	20	debt	debt	NOUN
ajfa-5212	119	21	is	be	AUX
ajfa-5212	119	22	greater	great	ADJ
ajfa-5212	119	23	than	than	ADP
ajfa-5212	119	24	the	the	DET
ajfa-5212	119	25	risk	risk	NOUN
ajfa-5212	119	26	appetite	appetite	NOUN
ajfa-5212	119	27	of	of	ADP
ajfa-5212	119	28	the	the	DET
ajfa-5212	119	29	bank	bank	NOUN
ajfa-5212	119	30	,	,	PUNCT
ajfa-5212	119	31	then	then	ADV
ajfa-5212	119	32	it	it	PRON
ajfa-5212	119	33	will	will	AUX
ajfa-5212	119	34	be	be	AUX
ajfa-5212	119	35	rejected	reject	VERB
ajfa-5212	119	36	,	,	PUNCT
ajfa-5212	119	37	and	and	CCONJ
ajfa-5212	119	38	the	the	DET
ajfa-5212	119	39	borrower	borrower	NOUN
ajfa-5212	119	40	will	will	AUX
ajfa-5212	119	41	then	then	ADV
ajfa-5212	119	42	deal	deal	VERB
ajfa-5212	119	43	with	with	ADP
ajfa-5212	119	44	another	another	DET
ajfa-5212	119	45	bank	bank	NOUN
ajfa-5212	119	46	.	.	PUNCT
ajfa-5212	120	1	however	however	ADV
ajfa-5212	120	2	,	,	PUNCT
ajfa-5212	120	3	it	it	PRON
ajfa-5212	120	4	can	can	AUX
ajfa-5212	120	5	not	not	PART
ajfa-5212	120	6	be	be	AUX
ajfa-5212	120	7	determined	determine	VERB
ajfa-5212	120	8	for	for	ADP
ajfa-5212	120	9	certain	certain	ADJ
ajfa-5212	120	10	whether	whether	SCONJ
ajfa-5212	120	11	the	the	DET
ajfa-5212	120	12	borrower	borrower	NOUN
ajfa-5212	120	13	will	will	AUX
ajfa-5212	120	14	determine	determine	VERB
ajfa-5212	120	15	its	its	PRON
ajfa-5212	120	16	banking	banking	NOUN
ajfa-5212	120	17	preference	preference	NOUN
ajfa-5212	120	18	according	accord	VERB
ajfa-5212	120	19	to	to	ADP
ajfa-5212	120	20	a	a	DET
ajfa-5212	120	21	bank	bank	NOUN
ajfa-5212	120	22	’s	’s	PART
ajfa-5212	120	23	lending	lending	NOUN
ajfa-5212	120	24	performance	performance	NOUN
ajfa-5212	120	25	.	.	PUNCT
ajfa-5212	121	1	in	in	ADP
ajfa-5212	121	2	this	this	DET
ajfa-5212	121	3	paper	paper	NOUN
ajfa-5212	121	4	,	,	PUNCT
ajfa-5212	121	5	we	we	PRON
ajfa-5212	121	6	also	also	ADV
ajfa-5212	121	7	use	use	VERB
ajfa-5212	121	8	the	the	DET
ajfa-5212	121	9	marginal	marginal	ADJ
ajfa-5212	121	10	value	value	NOUN
ajfa-5212	121	11	generated	generate	VERB
ajfa-5212	121	12	from	from	ADP
ajfa-5212	121	13	the	the	DET
ajfa-5212	121	14	empirical	empirical	ADJ
ajfa-5212	121	15	models	model	NOUN
ajfa-5212	121	16	of	of	ADP
ajfa-5212	121	17	“	"	PUNCT
ajfa-5212	121	18	wobd	wobd	NOUN
ajfa-5212	121	19	”	"	PUNCT
ajfa-5212	121	20	and	and	CCONJ
ajfa-5212	121	21	“	"	PUNCT
ajfa-5212	121	22	hccl	hccl	PROPN
ajfa-5212	121	23	”	"	PUNCT
ajfa-5212	121	24	to	to	PART
ajfa-5212	121	25	predict	predict	VERB
ajfa-5212	121	26	the	the	DET
ajfa-5212	121	27	sensitivity	sensitivity	NOUN
ajfa-5212	121	28	to	to	ADP
ajfa-5212	121	29	lending	lending	NOUN
ajfa-5212	121	30	performance	performance	NOUN
ajfa-5212	121	31	.	.	PUNCT
ajfa-5212	122	1	previous	previous	ADJ
ajfa-5212	122	2	studies	study	NOUN
ajfa-5212	122	3	indicate	indicate	VERB
ajfa-5212	122	4	that	that	SCONJ
ajfa-5212	122	5	foreign	foreign	ADJ
ajfa-5212	122	6	enterprises	enterprise	NOUN
ajfa-5212	122	7	prefer	prefer	VERB
ajfa-5212	122	8	relationships	relationship	NOUN
ajfa-5212	122	9	with	with	ADP
ajfa-5212	122	10	foreign	foreign	ADJ
ajfa-5212	122	11	banks	bank	NOUN
ajfa-5212	122	12	.	.	PUNCT
ajfa-5212	123	1	there	there	PRON
ajfa-5212	123	2	are	be	VERB
ajfa-5212	123	3	no	no	DET
ajfa-5212	123	4	obvious	obvious	ADJ
ajfa-5212	123	5	conclusions	conclusion	NOUN
ajfa-5212	123	6	as	as	ADP
ajfa-5212	123	7	to	to	ADP
ajfa-5212	123	8	whether	whether	SCONJ
ajfa-5212	123	9	foreign	foreign	ADJ
ajfa-5212	123	10	enterprises	enterprise	NOUN
ajfa-5212	123	11	will	will	AUX
ajfa-5212	123	12	change	change	VERB
ajfa-5212	123	13	their	their	PRON
ajfa-5212	123	14	behavior	behavior	NOUN
ajfa-5212	123	15	based	base	VERB
ajfa-5212	123	16	on	on	ADP
ajfa-5212	123	17	a	a	DET
ajfa-5212	123	18	foreign	foreign	ADJ
ajfa-5212	123	19	bank	bank	NOUN
ajfa-5212	123	20	’s	’s	PART
ajfa-5212	123	21	credit	credit	NOUN
ajfa-5212	123	22	risk	risk	NOUN
ajfa-5212	123	23	.	.	PUNCT
ajfa-5212	124	1	we	we	PRON
ajfa-5212	124	2	will	will	AUX
ajfa-5212	124	3	conduct	conduct	VERB
ajfa-5212	124	4	empirical	empirical	ADJ
ajfa-5212	124	5	tests	test	NOUN
ajfa-5212	124	6	in	in	ADP
ajfa-5212	124	7	this	this	DET
ajfa-5212	124	8	paper	paper	NOUN
ajfa-5212	124	9	,	,	PUNCT
ajfa-5212	124	10	too	too	ADV
ajfa-5212	124	11	.	.	PUNCT
ajfa-5212	125	1	hypothesis	hypothesis	NOUN
ajfa-5212	125	2	4	4	NUM
ajfa-5212	125	3	:	:	PUNCT
ajfa-5212	125	4	mlbs	mlbs	VERB
ajfa-5212	125	5	with	with	ADP
ajfa-5212	125	6	higher	high	ADJ
ajfa-5212	125	7	financial	financial	ADJ
ajfa-5212	125	8	leverage	leverage	NOUN
ajfa-5212	125	9	induce	induce	VERB
ajfa-5212	125	10	higher	high	ADJ
ajfa-5212	125	11	financial	financial	ADJ
ajfa-5212	125	12	risk	risk	NOUN
ajfa-5212	125	13	.	.	PUNCT
ajfa-5212	126	1	to	to	PART
ajfa-5212	126	2	fulfill	fulfill	VERB
ajfa-5212	126	3	their	their	PRON
ajfa-5212	126	4	cash	cash	NOUN
ajfa-5212	126	5	needs	need	NOUN
ajfa-5212	126	6	,	,	PUNCT
ajfa-5212	126	7	mlbs	mlbs	VERB
ajfa-5212	126	8	with	with	ADP
ajfa-5212	126	9	higher	high	ADJ
ajfa-5212	126	10	financial	financial	ADJ
ajfa-5212	126	11	leverage	leverage	NOUN
ajfa-5212	126	12	tend	tend	VERB
ajfa-5212	126	13	to	to	PART
ajfa-5212	126	14	build	build	VERB
ajfa-5212	126	15	relationships	relationship	NOUN
ajfa-5212	126	16	with	with	ADP
ajfa-5212	126	17	banks	bank	NOUN
ajfa-5212	126	18	regardless	regardless	ADV
ajfa-5212	126	19	of	of	ADP
ajfa-5212	126	20	the	the	DET
ajfa-5212	126	21	bank	bank	NOUN
ajfa-5212	126	22	’s	’s	PART
ajfa-5212	126	23	lending	lending	NOUN
ajfa-5212	126	24	performance	performance	NOUN
ajfa-5212	126	25	.	.	PUNCT
ajfa-5212	127	1	when	when	SCONJ
ajfa-5212	127	2	the	the	DET
ajfa-5212	127	3	r&d	r&d	NOUN
ajfa-5212	127	4	expenditure	expenditure	NOUN
ajfa-5212	127	5	to	to	ADP
ajfa-5212	127	6	total	total	ADJ
ajfa-5212	127	7	capital	capital	NOUN
ajfa-5212	127	8	ratio	ratio	NOUN
ajfa-5212	127	9	,	,	PUNCT
ajfa-5212	127	10	profitability	profitability	NOUN
ajfa-5212	127	11	ratio	ratio	NOUN
ajfa-5212	127	12	and	and	CCONJ
ajfa-5212	127	13	cash	cash	NOUN
ajfa-5212	127	14	ratio	ratio	NOUN
ajfa-5212	127	15	(	(	PUNCT
ajfa-5212	127	16	measured	measure	VERB
ajfa-5212	127	17	by	by	ADP
ajfa-5212	127	18	the	the	DET
ajfa-5212	127	19	ratio	ratio	NOUN
ajfa-5212	127	20	of	of	ADP
ajfa-5212	127	21	cash	cash	NOUN
ajfa-5212	127	22	and	and	CCONJ
ajfa-5212	127	23	cash	cash	NOUN
ajfa-5212	127	24	equivalents	equivalent	NOUN
ajfa-5212	127	25	to	to	ADP
ajfa-5212	127	26	sales	sale	NOUN
ajfa-5212	127	27	)	)	PUNCT
ajfa-5212	127	28	are	be	AUX
ajfa-5212	127	29	enhanced	enhance	VERB
ajfa-5212	127	30	,	,	PUNCT
ajfa-5212	127	31	due	due	ADP
ajfa-5212	127	32	to	to	ADP
ajfa-5212	127	33	the	the	DET
ajfa-5212	127	34	fact	fact	NOUN
ajfa-5212	127	35	that	that	SCONJ
ajfa-5212	127	36	funding	funding	NOUN
ajfa-5212	127	37	pressure	pressure	NOUN
ajfa-5212	127	38	is	be	AUX
ajfa-5212	127	39	reduced	reduce	VERB
ajfa-5212	127	40	,	,	PUNCT
ajfa-5212	127	41	these	these	DET
ajfa-5212	127	42	mlbs	mlb	NOUN
ajfa-5212	127	43	will	will	AUX
ajfa-5212	127	44	tend	tend	VERB
ajfa-5212	127	45	to	to	PART
ajfa-5212	127	46	build	build	VERB
ajfa-5212	127	47	relationships	relationship	NOUN
ajfa-5212	127	48	with	with	ADP
ajfa-5212	127	49	banks	bank	NOUN
ajfa-5212	127	50	with	with	ADP
ajfa-5212	127	51	low	low	ADJ
ajfa-5212	127	52	credit	credit	NOUN
ajfa-5212	127	53	risk	risk	NOUN
ajfa-5212	127	54	and	and	CCONJ
ajfa-5212	127	55	better	well	ADJ
ajfa-5212	127	56	lending	lending	NOUN
ajfa-5212	127	57	performance	performance	NOUN
ajfa-5212	127	58	.	.	PUNCT
ajfa-5212	128	1	according	accord	VERB
ajfa-5212	128	2	to	to	ADP
ajfa-5212	128	3	the	the	DET
ajfa-5212	128	4	viewpoints	viewpoint	NOUN
ajfa-5212	128	5	of	of	ADP
ajfa-5212	128	6	brick	brick	NOUN
ajfa-5212	128	7	-	-	PUNCT
ajfa-5212	128	8	palia	palia	NOUN
ajfa-5212	128	9	(	(	PUNCT
ajfa-5212	128	10	2007	2007	NUM
ajfa-5212	128	11	)	)	PUNCT
ajfa-5212	128	12	,	,	PUNCT
ajfa-5212	128	13	the	the	DET
ajfa-5212	128	14	lower	low	ADJ
ajfa-5212	128	15	financial	financial	ADJ
ajfa-5212	128	16	leverage	leverage	NOUN
ajfa-5212	128	17	ratio	ratio	NOUN
ajfa-5212	128	18	,	,	PUNCT
ajfa-5212	128	19	higher	high	ADJ
ajfa-5212	128	20	profitability	profitability	NOUN
ajfa-5212	128	21	ratio	ratio	NOUN
ajfa-5212	128	22	,	,	PUNCT
ajfa-5212	128	23	and	and	CCONJ
ajfa-5212	128	24	cash	cash	NOUN
ajfa-5212	128	25	ratio	ratio	NOUN
ajfa-5212	128	26	will	will	AUX
ajfa-5212	128	27	lead	lead	VERB
ajfa-5212	128	28	to	to	ADP
ajfa-5212	128	29	lower	low	ADJ
ajfa-5212	128	30	loan	loan	NOUN
ajfa-5212	128	31	spreads	spread	NOUN
ajfa-5212	128	32	.	.	PUNCT
ajfa-5212	129	1	this	this	PRON
ajfa-5212	129	2	means	mean	VERB
ajfa-5212	129	3	that	that	SCONJ
ajfa-5212	129	4	when	when	SCONJ
ajfa-5212	129	5	banks	bank	NOUN
ajfa-5212	129	6	perceive	perceive	VERB
ajfa-5212	129	7	that	that	SCONJ
ajfa-5212	129	8	certain	certain	ADJ
ajfa-5212	129	9	clients	client	NOUN
ajfa-5212	129	10	have	have	VERB
ajfa-5212	129	11	a	a	DET
ajfa-5212	129	12	low	low	ADJ
ajfa-5212	129	13	credit	credit	NOUN
ajfa-5212	129	14	risk	risk	NOUN
ajfa-5212	129	15	,	,	PUNCT
ajfa-5212	129	16	they	they	PRON
ajfa-5212	129	17	will	will	AUX
ajfa-5212	129	18	be	be	AUX
ajfa-5212	129	19	more	more	ADV
ajfa-5212	129	20	willing	willing	ADJ
ajfa-5212	129	21	to	to	PART
ajfa-5212	129	22	use	use	VERB
ajfa-5212	129	23	lower	low	ADJ
ajfa-5212	129	24	interest	interest	NOUN
ajfa-5212	129	25	rates	rate	NOUN
ajfa-5212	129	26	to	to	PART
ajfa-5212	129	27	establish	establish	VERB
ajfa-5212	129	28	a	a	DET
ajfa-5212	129	29	relationship	relationship	NOUN
ajfa-5212	129	30	with	with	ADP
ajfa-5212	129	31	them	they	PRON
ajfa-5212	129	32	.	.	PUNCT
ajfa-5212	130	1	when	when	SCONJ
ajfa-5212	130	2	the	the	DET
ajfa-5212	130	3	clients	client	NOUN
ajfa-5212	130	4	’	’	PART
ajfa-5212	130	5	financial	financial	ADJ
ajfa-5212	130	6	indicators	indicator	NOUN
ajfa-5212	130	7	,	,	PUNCT
ajfa-5212	130	8	as	as	SCONJ
ajfa-5212	130	9	mentioned	mention	VERB
ajfa-5212	130	10	above	above	ADV
ajfa-5212	130	11	,	,	PUNCT
ajfa-5212	130	12	reflect	reflect	VERB
ajfa-5212	130	13	the	the	DET
ajfa-5212	130	14	expected	expect	VERB
ajfa-5212	130	15	level	level	NOUN
ajfa-5212	130	16	,	,	PUNCT
ajfa-5212	130	17	banks	bank	NOUN
ajfa-5212	130	18	with	with	ADP
ajfa-5212	130	19	different	different	ADJ
ajfa-5212	130	20	lending	lending	NOUN
ajfa-5212	130	21	performances	performance	NOUN
ajfa-5212	130	22	will	will	AUX
ajfa-5212	130	23	be	be	AUX
ajfa-5212	130	24	eager	eager	ADJ
ajfa-5212	130	25	to	to	PART
ajfa-5212	130	26	provide	provide	VERB
ajfa-5212	130	27	sufficient	sufficient	ADJ
ajfa-5212	130	28	funds	fund	NOUN
ajfa-5212	130	29	to	to	PART
ajfa-5212	130	30	meet	meet	VERB
ajfa-5212	130	31	their	their	PRON
ajfa-5212	130	32	needs	need	NOUN
ajfa-5212	130	33	and	and	CCONJ
ajfa-5212	130	34	to	to	PART
ajfa-5212	130	35	establish	establish	VERB
ajfa-5212	130	36	relationships	relationship	NOUN
ajfa-5212	130	37	with	with	ADP
ajfa-5212	130	38	them	they	PRON
ajfa-5212	130	39	.	.	PUNCT
ajfa-5212	131	1	however	however	ADV
ajfa-5212	131	2	,	,	PUNCT
ajfa-5212	131	3	whether	whether	SCONJ
ajfa-5212	131	4	the	the	DET
ajfa-5212	131	5	motives	motive	NOUN
ajfa-5212	131	6	for	for	ADP
ajfa-5212	131	7	building	build	VERB
ajfa-5212	131	8	relationships	relationship	NOUN
ajfa-5212	131	9	contain	contain	VERB
ajfa-5212	131	10	significant	significant	ADJ
ajfa-5212	131	11	differences	difference	NOUN
ajfa-5212	131	12	is	be	AUX
ajfa-5212	131	13	still	still	ADV
ajfa-5212	131	14	uncertain	uncertain	ADJ
ajfa-5212	131	15	.	.	PUNCT
ajfa-5212	132	1	it	it	PRON
ajfa-5212	132	2	is	be	AUX
ajfa-5212	132	3	thus	thus	ADV
ajfa-5212	132	4	good	good	ADJ
ajfa-5212	132	5	to	to	PART
ajfa-5212	132	6	show	show	VERB
ajfa-5212	132	7	that	that	SCONJ
ajfa-5212	132	8	clients	client	NOUN
ajfa-5212	132	9	are	be	AUX
ajfa-5212	132	10	running	run	VERB
ajfa-5212	132	11	their	their	PRON
ajfa-5212	132	12	businesses	business	NOUN
ajfa-5212	132	13	soundly	soundly	ADV
ajfa-5212	132	14	when	when	SCONJ
ajfa-5212	132	15	the	the	DET
ajfa-5212	132	16	ratio	ratio	NOUN
ajfa-5212	132	17	of	of	ADP
ajfa-5212	132	18	r&d	r&d	NOUN
ajfa-5212	132	19	expenditures	expenditure	NOUN
ajfa-5212	132	20	increases	increase	NOUN
ajfa-5212	132	21	,	,	PUNCT
ajfa-5212	132	22	because	because	SCONJ
ajfa-5212	132	23	this	this	PRON
ajfa-5212	132	24	implies	imply	VERB
ajfa-5212	132	25	that	that	SCONJ
ajfa-5212	132	26	the	the	DET
ajfa-5212	132	27	clients	client	NOUN
ajfa-5212	132	28	use	use	VERB
ajfa-5212	132	29	long	long	ADJ
ajfa-5212	132	30	-	-	PUNCT
ajfa-5212	132	31	term	term	NOUN
ajfa-5212	132	32	debt	debt	NOUN
ajfa-5212	132	33	or	or	CCONJ
ajfa-5212	132	34	funds	fund	NOUN
ajfa-5212	132	35	to	to	PART
ajfa-5212	132	36	support	support	VERB
ajfa-5212	132	37	their	their	PRON
ajfa-5212	132	38	need	need	NOUN
ajfa-5212	132	39	for	for	ADP
ajfa-5212	132	40	long	long	ADJ
ajfa-5212	132	41	-	-	PUNCT
ajfa-5212	132	42	term	term	NOUN
ajfa-5212	132	43	intellectual	intellectual	ADJ
ajfa-5212	132	44	capital	capital	NOUN
ajfa-5212	132	45	.	.	PUNCT
ajfa-5212	133	1	it	it	PRON
ajfa-5212	133	2	is	be	AUX
ajfa-5212	133	3	quite	quite	ADV
ajfa-5212	133	4	common	common	ADJ
ajfa-5212	133	5	for	for	SCONJ
ajfa-5212	133	6	banks	bank	NOUN
ajfa-5212	133	7	with	with	ADP
ajfa-5212	133	8	different	different	ADJ
ajfa-5212	133	9	lending	lending	NOUN
ajfa-5212	133	10	performances	performance	NOUN
ajfa-5212	133	11	to	to	PART
ajfa-5212	133	12	be	be	AUX
ajfa-5212	133	13	keen	keen	ADJ
ajfa-5212	133	14	to	to	PART
ajfa-5212	133	15	meet	meet	VERB
ajfa-5212	133	16	their	their	PRON
ajfa-5212	133	17	borrowers	borrower	NOUN
ajfa-5212	133	18	’	’	PART
ajfa-5212	133	19	financing	financing	NOUN
ajfa-5212	133	20	needs	need	NOUN
ajfa-5212	133	21	,	,	PUNCT
ajfa-5212	133	22	but	but	CCONJ
ajfa-5212	133	23	it	it	PRON
ajfa-5212	133	24	is	be	AUX
ajfa-5212	133	25	worth	worth	ADJ
ajfa-5212	133	26	deeply	deeply	ADV
ajfa-5212	133	27	examining	examine	VERB
ajfa-5212	133	28	whether	whether	SCONJ
ajfa-5212	133	29	the	the	DET
ajfa-5212	133	30	lending	lending	NOUN
ajfa-5212	133	31	motivation	motivation	NOUN
ajfa-5212	133	32	is	be	AUX
ajfa-5212	133	33	different	different	ADJ
ajfa-5212	133	34	.	.	PUNCT
ajfa-5212	134	1	3	3	X
ajfa-5212	134	2	.	.	X
ajfa-5212	134	3	research	research	NOUN
ajfa-5212	134	4	design	design	NOUN
ajfa-5212	134	5	3.1	3.1	NUM
ajfa-5212	134	6	data	datum	NOUN
ajfa-5212	134	7	sources	source	NOUN
ajfa-5212	134	8	in	in	ADP
ajfa-5212	134	9	taiwan	taiwan	PROPN
ajfa-5212	134	10	,	,	PUNCT
ajfa-5212	134	11	the	the	DET
ajfa-5212	134	12	joint	joint	ADJ
ajfa-5212	134	13	credit	credit	NOUN
ajfa-5212	134	14	information	information	NOUN
ajfa-5212	134	15	center	center	NOUN
ajfa-5212	134	16	(	(	PUNCT
ajfa-5212	134	17	jcic	jcic	NOUN
ajfa-5212	134	18	)	)	PUNCT
ajfa-5212	134	19	is	be	AUX
ajfa-5212	134	20	a	a	DET
ajfa-5212	134	21	unique	unique	ADJ
ajfa-5212	134	22	organization	organization	NOUN
ajfa-5212	134	23	that	that	PRON
ajfa-5212	134	24	is	be	AUX
ajfa-5212	134	25	constantly	constantly	ADV
ajfa-5212	134	26	collecting	collect	VERB
ajfa-5212	134	27	the	the	DET
ajfa-5212	134	28	credit	credit	NOUN
ajfa-5212	134	29	information	information	NOUN
ajfa-5212	134	30	data	datum	NOUN
ajfa-5212	134	31	of	of	ADP
ajfa-5212	134	32	both	both	DET
ajfa-5212	134	33	individuals	individual	NOUN
ajfa-5212	134	34	and	and	CCONJ
ajfa-5212	134	35	enterprises	enterprise	NOUN
ajfa-5212	134	36	.	.	PUNCT
ajfa-5212	135	1	these	these	DET
ajfa-5212	135	2	data	datum	NOUN
ajfa-5212	135	3	are	be	AUX
ajfa-5212	135	4	collected	collect	VERB
ajfa-5212	135	5	from	from	ADP
ajfa-5212	135	6	financial	financial	ADJ
ajfa-5212	135	7	institutions	institution	NOUN
ajfa-5212	135	8	on	on	ADP
ajfa-5212	135	9	a	a	DET
ajfa-5212	135	10	long	long	ADJ
ajfa-5212	135	11	-	-	PUNCT
ajfa-5212	135	12	term	term	NOUN
ajfa-5212	135	13	basis	basis	NOUN
ajfa-5212	135	14	.	.	PUNCT
ajfa-5212	136	1	the	the	DET
ajfa-5212	136	2	factors	factor	NOUN
ajfa-5212	136	3	that	that	PRON
ajfa-5212	136	4	influence	influence	VERB
ajfa-5212	136	5	the	the	DET
ajfa-5212	136	6	credit	credit	NOUN
ajfa-5212	136	7	risk	risk	NOUN
ajfa-5212	136	8	of	of	ADP
ajfa-5212	136	9	enterprise	enterprise	NOUN
ajfa-5212	136	10	borrowers	borrower	NOUN
ajfa-5212	136	11	are	be	AUX
ajfa-5212	136	12	more	more	ADV
ajfa-5212	136	13	complicated	complicated	ADJ
ajfa-5212	136	14	than	than	ADP
ajfa-5212	136	15	those	those	PRON
ajfa-5212	136	16	that	that	PRON
ajfa-5212	136	17	influence	influence	VERB
ajfa-5212	136	18	the	the	DET
ajfa-5212	136	19	credit	credit	NOUN
ajfa-5212	136	20	risk	risk	NOUN
ajfa-5212	136	21	of	of	ADP
ajfa-5212	136	22	individual	individual	ADJ
ajfa-5212	136	23	borrowers	borrower	NOUN
ajfa-5212	136	24	.	.	PUNCT
ajfa-5212	137	1	it	it	PRON
ajfa-5212	137	2	is	be	AUX
ajfa-5212	137	3	for	for	ADP
ajfa-5212	137	4	this	this	DET
ajfa-5212	137	5	reason	reason	NOUN
ajfa-5212	137	6	that	that	SCONJ
ajfa-5212	137	7	this	this	DET
ajfa-5212	137	8	study	study	NOUN
ajfa-5212	137	9	focuses	focus	VERB
ajfa-5212	137	10	on	on	ADP
ajfa-5212	137	11	examining	examine	VERB
ajfa-5212	137	12	samples	sample	NOUN
ajfa-5212	137	13	of	of	ADP
ajfa-5212	137	14	enterprise	enterprise	NOUN
ajfa-5212	137	15	borrowers	borrower	NOUN
ajfa-5212	137	16	and	and	CCONJ
ajfa-5212	137	17	ignores	ignore	VERB
ajfa-5212	137	18	the	the	DET
ajfa-5212	137	19	issues	issue	NOUN
ajfa-5212	137	20	of	of	ADP
ajfa-5212	137	21	individual	individual	ADJ
ajfa-5212	137	22	borrowers	borrower	NOUN
ajfa-5212	137	23	.	.	PUNCT
ajfa-5212	138	1	our	our	PRON
ajfa-5212	138	2	data	datum	NOUN
ajfa-5212	138	3	sources	source	NOUN
ajfa-5212	138	4	are	be	AUX
ajfa-5212	138	5	the	the	DET
ajfa-5212	138	6	jcic	jcic	NOUN
ajfa-5212	138	7	database	database	NOUN
ajfa-5212	138	8	established	establish	VERB
ajfa-5212	138	9	in	in	ADP
ajfa-5212	138	10	2007	2007	NUM
ajfa-5212	138	11	.	.	PUNCT
ajfa-5212	139	1	to	to	PART
ajfa-5212	139	2	effectively	effectively	ADV
ajfa-5212	139	3	reflect	reflect	VERB
ajfa-5212	139	4	the	the	DET
ajfa-5212	139	5	credit	credit	NOUN
ajfa-5212	139	6	records	record	NOUN
ajfa-5212	139	7	asian	asian	ADJ
ajfa-5212	139	8	journal	journal	PROPN
ajfa-5212	139	9	of	of	ADP
ajfa-5212	139	10	finance	finance	PROPN
ajfa-5212	139	11	&	&	CCONJ
ajfa-5212	139	12	accounting	accounting	PROPN
ajfa-5212	139	13	issn	issn	PROPN
ajfa-5212	139	14	1946	1946	NUM
ajfa-5212	139	15	-	-	PUNCT
ajfa-5212	139	16	052x	052x	PROPN
ajfa-5212	139	17	2014	2014	NUM
ajfa-5212	139	18	,	,	PUNCT
ajfa-5212	139	19	vol	vol	NOUN
ajfa-5212	139	20	.	.	PROPN
ajfa-5212	139	21	6	6	NUM
ajfa-5212	139	22	,	,	PUNCT
ajfa-5212	139	23	no	no	INTJ
ajfa-5212	139	24	.	.	NOUN
ajfa-5212	139	25	1	1	NUM
ajfa-5212	139	26	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	139	27	182	182	NUM
ajfa-5212	139	28	and	and	CCONJ
ajfa-5212	139	29	credit	credit	NOUN
ajfa-5212	139	30	scores	score	NOUN
ajfa-5212	139	31	of	of	ADP
ajfa-5212	139	32	the	the	DET
ajfa-5212	139	33	businesses	business	NOUN
ajfa-5212	139	34	and	and	CCONJ
ajfa-5212	139	35	their	their	PRON
ajfa-5212	139	36	chairpersons	chairperson	NOUN
ajfa-5212	139	37	,	,	PUNCT
ajfa-5212	139	38	we	we	PRON
ajfa-5212	139	39	use	use	VERB
ajfa-5212	139	40	the	the	DET
ajfa-5212	139	41	population14	population14	NOUN
ajfa-5212	139	42	information	information	NOUN
ajfa-5212	139	43	on	on	ADP
ajfa-5212	139	44	the	the	DET
ajfa-5212	139	45	enterprises	enterprise	NOUN
ajfa-5212	139	46	followed	follow	VERB
ajfa-5212	139	47	by	by	ADP
ajfa-5212	139	48	jcic	jcic	NOUN
ajfa-5212	139	49	.	.	PUNCT
ajfa-5212	140	1	in	in	ADP
ajfa-5212	140	2	addition	addition	NOUN
ajfa-5212	140	3	,	,	PUNCT
ajfa-5212	140	4	to	to	PART
ajfa-5212	140	5	grasp	grasp	VERB
ajfa-5212	140	6	the	the	DET
ajfa-5212	140	7	real	real	ADJ
ajfa-5212	140	8	picture	picture	NOUN
ajfa-5212	140	9	of	of	ADP
ajfa-5212	140	10	the	the	DET
ajfa-5212	140	11	lending	lending	NOUN
ajfa-5212	140	12	performance	performance	NOUN
ajfa-5212	140	13	in	in	ADP
ajfa-5212	140	14	the	the	DET
ajfa-5212	140	15	case	case	NOUN
ajfa-5212	140	16	of	of	ADP
ajfa-5212	140	17	firms	firm	NOUN
ajfa-5212	140	18	with	with	ADP
ajfa-5212	140	19	and	and	CCONJ
ajfa-5212	140	20	without	without	ADP
ajfa-5212	140	21	“	"	PUNCT
ajfa-5212	140	22	wobd	wobd	NOUN
ajfa-5212	140	23	”	"	PUNCT
ajfa-5212	140	24	and	and	CCONJ
ajfa-5212	140	25	“	"	PUNCT
ajfa-5212	140	26	hccl	hccl	PROPN
ajfa-5212	140	27	”	"	PUNCT
ajfa-5212	140	28	,	,	PUNCT
ajfa-5212	140	29	we	we	PRON
ajfa-5212	140	30	purposely	purposely	ADV
ajfa-5212	140	31	choose	choose	VERB
ajfa-5212	140	32	the	the	DET
ajfa-5212	140	33	empirical	empirical	ADJ
ajfa-5212	140	34	period	period	NOUN
ajfa-5212	140	35	2006	2006	NUM
ajfa-5212	140	36	-	-	SYM
ajfa-5212	140	37	2008	2008	NUM
ajfa-5212	140	38	,	,	PUNCT
ajfa-5212	140	39	a	a	DET
ajfa-5212	140	40	time	time	NOUN
ajfa-5212	140	41	period	period	NOUN
ajfa-5212	140	42	that	that	PRON
ajfa-5212	140	43	followed	follow	VERB
ajfa-5212	140	44	the	the	DET
ajfa-5212	140	45	two	two	NUM
ajfa-5212	140	46	important	important	ADJ
ajfa-5212	140	47	financial	financial	ADJ
ajfa-5212	140	48	events	event	NOUN
ajfa-5212	140	49	referred	refer	VERB
ajfa-5212	140	50	to	to	ADP
ajfa-5212	140	51	earlier	early	ADV
ajfa-5212	140	52	.	.	PUNCT
ajfa-5212	141	1	our	our	PRON
ajfa-5212	141	2	observations	observation	NOUN
ajfa-5212	141	3	are	be	AUX
ajfa-5212	141	4	focused	focus	VERB
ajfa-5212	141	5	on	on	ADP
ajfa-5212	141	6	the	the	DET
ajfa-5212	141	7	new	new	ADJ
ajfa-5212	141	8	loan	loan	NOUN
ajfa-5212	141	9	cases	case	NOUN
ajfa-5212	141	10	of	of	ADP
ajfa-5212	141	11	the	the	DET
ajfa-5212	141	12	creditor	creditor	NOUN
ajfa-5212	141	13	banks15	banks15	NOUN
ajfa-5212	141	14	.	.	PUNCT
ajfa-5212	142	1	in	in	ADP
ajfa-5212	142	2	considering	consider	VERB
ajfa-5212	142	3	the	the	DET
ajfa-5212	142	4	principle	principle	NOUN
ajfa-5212	142	5	of	of	ADP
ajfa-5212	142	6	materiality	materiality	NOUN
ajfa-5212	142	7	and	and	CCONJ
ajfa-5212	142	8	the	the	DET
ajfa-5212	142	9	representativeness	representativeness	NOUN
ajfa-5212	142	10	of	of	ADP
ajfa-5212	142	11	the	the	DET
ajfa-5212	142	12	data	datum	NOUN
ajfa-5212	142	13	,	,	PUNCT
ajfa-5212	142	14	the	the	DET
ajfa-5212	142	15	relationship	relationship	NOUN
ajfa-5212	142	16	banks	bank	NOUN
ajfa-5212	142	17	should	should	AUX
ajfa-5212	142	18	be	be	AUX
ajfa-5212	142	19	in	in	ADP
ajfa-5212	142	20	the	the	DET
ajfa-5212	142	21	list	list	NOUN
ajfa-5212	142	22	of	of	ADP
ajfa-5212	142	23	the	the	DET
ajfa-5212	142	24	top	top	ADJ
ajfa-5212	142	25	20	20	NUM
ajfa-5212	142	26	banks	bank	NOUN
ajfa-5212	142	27	,	,	PUNCT
ajfa-5212	142	28	as	as	SCONJ
ajfa-5212	142	29	measured	measure	VERB
ajfa-5212	142	30	by	by	ADP
ajfa-5212	142	31	the	the	DET
ajfa-5212	142	32	amounts	amount	NOUN
ajfa-5212	142	33	lent	lend	VERB
ajfa-5212	142	34	to	to	ADP
ajfa-5212	142	35	the	the	DET
ajfa-5212	142	36	clients	client	NOUN
ajfa-5212	142	37	.	.	PUNCT
ajfa-5212	143	1	as	as	SCONJ
ajfa-5212	143	2	mentioned	mention	VERB
ajfa-5212	143	3	before	before	ADV
ajfa-5212	143	4	,	,	PUNCT
ajfa-5212	143	5	we	we	PRON
ajfa-5212	143	6	use	use	VERB
ajfa-5212	143	7	data	datum	NOUN
ajfa-5212	143	8	from	from	ADP
ajfa-5212	143	9	jcic	jcic	NOUN
ajfa-5212	143	10	to	to	PART
ajfa-5212	143	11	investigate	investigate	VERB
ajfa-5212	143	12	the	the	DET
ajfa-5212	143	13	information	information	NOUN
ajfa-5212	143	14	asymmetry	asymmetry	NOUN
ajfa-5212	143	15	and	and	CCONJ
ajfa-5212	143	16	credit	credit	NOUN
ajfa-5212	143	17	records	record	NOUN
ajfa-5212	143	18	of	of	ADP
ajfa-5212	143	19	borrowers	borrower	NOUN
ajfa-5212	143	20	associated	associate	VERB
ajfa-5212	143	21	with	with	ADP
ajfa-5212	143	22	banks	bank	NOUN
ajfa-5212	143	23	with	with	ADP
ajfa-5212	143	24	different	different	ADJ
ajfa-5212	143	25	lending	lending	NOUN
ajfa-5212	143	26	performances	performance	NOUN
ajfa-5212	143	27	.	.	PUNCT
ajfa-5212	144	1	the	the	DET
ajfa-5212	144	2	samples	sample	NOUN
ajfa-5212	144	3	used	use	VERB
ajfa-5212	144	4	in	in	ADP
ajfa-5212	144	5	this	this	DET
ajfa-5212	144	6	study	study	NOUN
ajfa-5212	144	7	consist	consist	NOUN
ajfa-5212	144	8	of	of	ADP
ajfa-5212	144	9	borrowing	borrowing	NOUN
ajfa-5212	144	10	firms16	firms16	ADV
ajfa-5212	144	11	and	and	CCONJ
ajfa-5212	144	12	their	their	PRON
ajfa-5212	144	13	lending	lending	NOUN
ajfa-5212	144	14	banks	bank	NOUN
ajfa-5212	144	15	.	.	PUNCT
ajfa-5212	145	1	we	we	PRON
ajfa-5212	145	2	define	define	VERB
ajfa-5212	145	3	the	the	DET
ajfa-5212	145	4	borrowing	borrowing	NOUN
ajfa-5212	145	5	firms	firm	NOUN
ajfa-5212	145	6	as	as	ADP
ajfa-5212	145	7	msbs	msbs	NOUN
ajfa-5212	145	8	(	(	PUNCT
ajfa-5212	145	9	a	a	DET
ajfa-5212	145	10	total	total	NOUN
ajfa-5212	145	11	of	of	ADP
ajfa-5212	145	12	122,759	122,759	NUM
ajfa-5212	145	13	firms	firm	NOUN
ajfa-5212	145	14	)	)	PUNCT
ajfa-5212	145	15	where	where	SCONJ
ajfa-5212	145	16	their	their	PRON
ajfa-5212	145	17	capital	capital	NOUN
ajfa-5212	145	18	and	and	CCONJ
ajfa-5212	145	19	amounts	amount	NOUN
ajfa-5212	145	20	borrowed	borrow	VERB
ajfa-5212	145	21	are	be	AUX
ajfa-5212	145	22	less	less	ADJ
ajfa-5212	145	23	than	than	ADP
ajfa-5212	145	24	nt$30	nt$30	ADV
ajfa-5212	145	25	million	million	NUM
ajfa-5212	145	26	at	at	ADP
ajfa-5212	145	27	the	the	DET
ajfa-5212	145	28	same	same	ADJ
ajfa-5212	145	29	time	time	NOUN
ajfa-5212	145	30	.	.	PUNCT
ajfa-5212	146	1	when	when	SCONJ
ajfa-5212	146	2	either	either	PRON
ajfa-5212	146	3	of	of	ADP
ajfa-5212	146	4	the	the	DET
ajfa-5212	146	5	capital	capital	NOUN
ajfa-5212	146	6	and	and	CCONJ
ajfa-5212	146	7	amounts	amount	NOUN
ajfa-5212	146	8	borrowed	borrow	VERB
ajfa-5212	146	9	exceed	exceed	VERB
ajfa-5212	146	10	nt$30	nt$30	ADV
ajfa-5212	146	11	million	million	NUM
ajfa-5212	146	12	,	,	PUNCT
ajfa-5212	146	13	we	we	PRON
ajfa-5212	146	14	define	define	VERB
ajfa-5212	146	15	the	the	DET
ajfa-5212	146	16	borrowing	borrowing	NOUN
ajfa-5212	146	17	firms	firm	NOUN
ajfa-5212	146	18	as	as	ADP
ajfa-5212	146	19	mlbs	mlbs	NOUN
ajfa-5212	146	20	(	(	PUNCT
ajfa-5212	146	21	a	a	DET
ajfa-5212	146	22	total	total	NOUN
ajfa-5212	146	23	of	of	ADP
ajfa-5212	146	24	31,314	31,314	NUM
ajfa-5212	146	25	firms	firm	NOUN
ajfa-5212	146	26	)	)	PUNCT
ajfa-5212	146	27	.	.	PUNCT
ajfa-5212	147	1	moreover	moreover	ADV
ajfa-5212	147	2	,	,	PUNCT
ajfa-5212	147	3	we	we	PRON
ajfa-5212	147	4	divide	divide	VERB
ajfa-5212	147	5	the	the	DET
ajfa-5212	147	6	mlbs17	mlbs17	NOUN
ajfa-5212	147	7	into	into	ADP
ajfa-5212	147	8	three	three	NUM
ajfa-5212	147	9	kinds	kind	NOUN
ajfa-5212	147	10	of	of	ADP
ajfa-5212	147	11	organizations	organization	NOUN
ajfa-5212	147	12	,	,	PUNCT
ajfa-5212	147	13	“	"	PUNCT
ajfa-5212	147	14	listed	list	VERB
ajfa-5212	147	15	or	or	CCONJ
ajfa-5212	147	16	over	over	ADP
ajfa-5212	147	17	-	-	PUNCT
ajfa-5212	147	18	the	the	DET
ajfa-5212	147	19	-	-	PUNCT
ajfa-5212	147	20	counter	counter	NOUN
ajfa-5212	147	21	(	(	PUNCT
ajfa-5212	147	22	otc	otc	PROPN
ajfa-5212	147	23	)	)	PUNCT
ajfa-5212	147	24	”	"	PUNCT
ajfa-5212	148	1	(	(	PUNCT
ajfa-5212	148	2	1,174	1,174	NUM
ajfa-5212	148	3	firms	firm	NOUN
ajfa-5212	148	4	)	)	PUNCT
ajfa-5212	148	5	,	,	PUNCT
ajfa-5212	148	6	“	"	PUNCT
ajfa-5212	148	7	publicly	publicly	ADV
ajfa-5212	148	8	held	hold	VERB
ajfa-5212	148	9	but	but	CCONJ
ajfa-5212	148	10	not	not	PART
ajfa-5212	148	11	listed	list	VERB
ajfa-5212	148	12	or	or	CCONJ
ajfa-5212	148	13	otc	otc	PROPN
ajfa-5212	148	14	”	"	PUNCT
ajfa-5212	148	15	(	(	PUNCT
ajfa-5212	148	16	966	966	NUM
ajfa-5212	148	17	firms	firm	NOUN
ajfa-5212	148	18	)	)	PUNCT
ajfa-5212	148	19	and	and	CCONJ
ajfa-5212	148	20	“	"	PUNCT
ajfa-5212	148	21	privately	privately	ADV
ajfa-5212	148	22	-	-	PUNCT
ajfa-5212	148	23	held	hold	VERB
ajfa-5212	148	24	with	with	ADP
ajfa-5212	148	25	audited	audit	VERB
ajfa-5212	148	26	financial	financial	ADJ
ajfa-5212	148	27	statements	statement	NOUN
ajfa-5212	148	28	”	"	PUNCT
ajfa-5212	148	29	(	(	PUNCT
ajfa-5212	148	30	15,908	15,908	NUM
ajfa-5212	148	31	firms).18	firms).18	PROPN
ajfa-5212	148	32	the	the	DET
ajfa-5212	148	33	msbs	msbs	NOUN
ajfa-5212	148	34	contained	contain	VERB
ajfa-5212	148	35	in	in	ADP
ajfa-5212	148	36	the	the	DET
ajfa-5212	148	37	database	database	NOUN
ajfa-5212	148	38	of	of	ADP
ajfa-5212	148	39	the	the	DET
ajfa-5212	148	40	jcic	jcic	NOUN
ajfa-5212	148	41	are	be	AUX
ajfa-5212	148	42	privately	privately	ADV
ajfa-5212	148	43	-	-	PUNCT
ajfa-5212	148	44	held	hold	VERB
ajfa-5212	148	45	businesses	business	NOUN
ajfa-5212	148	46	that	that	PRON
ajfa-5212	148	47	do	do	AUX
ajfa-5212	148	48	not	not	PART
ajfa-5212	148	49	file	file	VERB
ajfa-5212	148	50	audited	audit	VERB
ajfa-5212	148	51	financial	financial	ADJ
ajfa-5212	148	52	statements	statement	NOUN
ajfa-5212	148	53	with	with	ADP
ajfa-5212	148	54	the	the	DET
ajfa-5212	148	55	lending	lending	NOUN
ajfa-5212	148	56	banks	bank	NOUN
ajfa-5212	148	57	.	.	PUNCT
ajfa-5212	149	1	we	we	PRON
ajfa-5212	149	2	further	far	ADV
ajfa-5212	149	3	divide	divide	VERB
ajfa-5212	149	4	those	those	DET
ajfa-5212	149	5	businesses	business	NOUN
ajfa-5212	149	6	into	into	ADP
ajfa-5212	149	7	“	"	PUNCT
ajfa-5212	149	8	proprietorships	proprietorship	NOUN
ajfa-5212	149	9	,	,	PUNCT
ajfa-5212	149	10	partnerships	partnership	NOUN
ajfa-5212	149	11	and	and	CCONJ
ajfa-5212	149	12	limited	limited	ADJ
ajfa-5212	149	13	companies	company	NOUN
ajfa-5212	149	14	”	"	PUNCT
ajfa-5212	149	15	(	(	PUNCT
ajfa-5212	149	16	89,295	89,295	NUM
ajfa-5212	149	17	firms	firm	NOUN
ajfa-5212	149	18	)	)	PUNCT
ajfa-5212	149	19	and	and	CCONJ
ajfa-5212	149	20	“	"	PUNCT
ajfa-5212	149	21	corporation	corporation	NOUN
ajfa-5212	149	22	”	"	PUNCT
ajfa-5212	149	23	(	(	PUNCT
ajfa-5212	149	24	33,464	33,464	NUM
ajfa-5212	149	25	firms	firm	NOUN
ajfa-5212	149	26	)	)	PUNCT
ajfa-5212	149	27	.	.	PUNCT
ajfa-5212	150	1	we	we	PRON
ajfa-5212	150	2	divide	divide	VERB
ajfa-5212	150	3	the	the	DET
ajfa-5212	150	4	borrowers	borrower	NOUN
ajfa-5212	150	5	’	'	PUNCT
ajfa-5212	150	6	industries	industry	NOUN
ajfa-5212	150	7	into	into	ADP
ajfa-5212	150	8	the	the	DET
ajfa-5212	150	9	following	follow	VERB
ajfa-5212	150	10	four	four	NUM
ajfa-5212	150	11	categories19	categories19	NOUN
ajfa-5212	150	12	:	:	PUNCT
ajfa-5212	150	13	electronic	electronic	ADJ
ajfa-5212	150	14	manufacturing	manufacturing	NOUN
ajfa-5212	150	15	industry	industry	NOUN
ajfa-5212	150	16	(	(	PUNCT
ajfa-5212	150	17	msbs	msbs	NOUN
ajfa-5212	150	18	2,530	2,530	NUM
ajfa-5212	150	19	,	,	PUNCT
ajfa-5212	150	20	mlbs	mlbs	NOUN
ajfa-5212	150	21	2,265	2,265	NUM
ajfa-5212	150	22	)	)	PUNCT
ajfa-5212	150	23	,	,	PUNCT
ajfa-5212	150	24	non	non	ADJ
ajfa-5212	150	25	-	-	ADJ
ajfa-5212	150	26	electronic	electronic	ADJ
ajfa-5212	150	27	manufacturing	manufacturing	NOUN
ajfa-5212	150	28	industry	industry	NOUN
ajfa-5212	150	29	(	(	PUNCT
ajfa-5212	150	30	msbs	msbs	NOUN
ajfa-5212	150	31	31,590	31,590	NUM
ajfa-5212	150	32	,	,	PUNCT
ajfa-5212	150	33	mlbs	mlb	VERB
ajfa-5212	150	34	10,203	10,203	NUM
ajfa-5212	150	35	)	)	PUNCT
ajfa-5212	150	36	,	,	PUNCT
ajfa-5212	150	37	wholesale	wholesale	ADJ
ajfa-5212	150	38	and	and	CCONJ
ajfa-5212	150	39	retail	retail	ADJ
ajfa-5212	150	40	business	business	NOUN
ajfa-5212	150	41	(	(	PUNCT
ajfa-5212	150	42	msbs	msbs	NOUN
ajfa-5212	150	43	56,794	56,794	NUM
ajfa-5212	150	44	,	,	PUNCT
ajfa-5212	150	45	mlbs	mlbs	VERB
ajfa-5212	150	46	8,107	8,107	NUM
ajfa-5212	150	47	)	)	PUNCT
ajfa-5212	150	48	and	and	CCONJ
ajfa-5212	150	49	other	other	ADJ
ajfa-5212	150	50	industries	industry	NOUN
ajfa-5212	150	51	(	(	PUNCT
ajfa-5212	150	52	mainly	mainly	ADV
ajfa-5212	150	53	consisting	consist	VERB
ajfa-5212	150	54	of	of	ADP
ajfa-5212	150	55	construction	construction	NOUN
ajfa-5212	150	56	,	,	PUNCT
ajfa-5212	150	57	real	real	ADJ
ajfa-5212	150	58	estate	estate	NOUN
ajfa-5212	150	59	and	and	CCONJ
ajfa-5212	150	60	investment	investment	NOUN
ajfa-5212	150	61	industries	industry	NOUN
ajfa-5212	150	62	(	(	PUNCT
ajfa-5212	150	63	msbs	msbs	NOUN
ajfa-5212	150	64	31,845	31,845	NUM
ajfa-5212	150	65	,	,	PUNCT
ajfa-5212	150	66	mlbs	mlb	VERB
ajfa-5212	150	67	10,739	10,739	NUM
ajfa-5212	150	68	)	)	PUNCT
ajfa-5212	150	69	.	.	PUNCT
ajfa-5212	151	1	we	we	PRON
ajfa-5212	151	2	use	use	VERB
ajfa-5212	151	3	wobd	wobd	NOUN
ajfa-5212	151	4	and	and	CCONJ
ajfa-5212	151	5	hccl	hccl	NOUN
ajfa-5212	151	6	to	to	PART
ajfa-5212	151	7	distinguish	distinguish	VERB
ajfa-5212	151	8	banks	bank	NOUN
ajfa-5212	151	9	with	with	ADP
ajfa-5212	151	10	high	high	ADJ
ajfa-5212	151	11	or	or	CCONJ
ajfa-5212	151	12	low	low	ADJ
ajfa-5212	151	13	credit	credit	NOUN
ajfa-5212	151	14	risk	risk	NOUN
ajfa-5212	151	15	and	and	CCONJ
ajfa-5212	151	16	operating	operating	NOUN
ajfa-5212	151	17	performance	performance	NOUN
ajfa-5212	151	18	.	.	PUNCT
ajfa-5212	152	1	among	among	ADP
ajfa-5212	152	2	banks	bank	NOUN
ajfa-5212	152	3	with	with	ADP
ajfa-5212	152	4	“	"	PUNCT
ajfa-5212	152	5	wobd	wobd	NOUN
ajfa-5212	152	6	”	"	PUNCT
ajfa-5212	152	7	,	,	PUNCT
ajfa-5212	152	8	we	we	PRON
ajfa-5212	152	9	have	have	AUX
ajfa-5212	152	10	selected	select	VERB
ajfa-5212	152	11	57,948	57,948	NUM
ajfa-5212	152	12	msbs	msbs	NOUN
ajfa-5212	152	13	and	and	CCONJ
ajfa-5212	152	14	10,023	10,023	NUM
ajfa-5212	152	15	mlbs	mlb	NOUN
ajfa-5212	152	16	.	.	PUNCT
ajfa-5212	153	1	among	among	ADP
ajfa-5212	153	2	banks	bank	NOUN
ajfa-5212	153	3	without	without	ADP
ajfa-5212	153	4	“	"	PUNCT
ajfa-5212	153	5	wobd	wobd	NOUN
ajfa-5212	153	6	”	"	PUNCT
ajfa-5212	153	7	,	,	PUNCT
ajfa-5212	153	8	we	we	PRON
ajfa-5212	153	9	have	have	AUX
ajfa-5212	153	10	selected	select	VERB
ajfa-5212	153	11	75,619	75,619	NUM
ajfa-5212	153	12	msbs	msbs	NOUN
ajfa-5212	153	13	and	and	CCONJ
ajfa-5212	153	14	5,691	5,691	NUM
ajfa-5212	153	15	mlbs	mlb	NOUN
ajfa-5212	153	16	.	.	PUNCT
ajfa-5212	154	1	among	among	ADP
ajfa-5212	154	2	banks	bank	NOUN
ajfa-5212	154	3	with	with	ADP
ajfa-5212	154	4	“	"	PUNCT
ajfa-5212	154	5	hccl	hccl	PROPN
ajfa-5212	154	6	”	"	PUNCT
ajfa-5212	154	7	,	,	PUNCT
ajfa-5212	154	8	we	we	PRON
ajfa-5212	154	9	have	have	AUX
ajfa-5212	154	10	selected	select	VERB
ajfa-5212	154	11	35,369	35,369	NUM
ajfa-5212	154	12	msbs	msbs	NOUN
ajfa-5212	154	13	and	and	CCONJ
ajfa-5212	154	14	5,343	5,343	NUM
ajfa-5212	154	15	mlbs	mlb	NOUN
ajfa-5212	154	16	,	,	PUNCT
ajfa-5212	154	17	and	and	CCONJ
ajfa-5212	154	18	among	among	ADP
ajfa-5212	154	19	banks	bank	NOUN
ajfa-5212	154	20	without	without	ADP
ajfa-5212	154	21	“	"	PUNCT
ajfa-5212	154	22	hccl	hccl	PROPN
ajfa-5212	154	23	”	"	PUNCT
ajfa-5212	154	24	,	,	PUNCT
ajfa-5212	154	25	we	we	PRON
ajfa-5212	154	26	have	have	AUX
ajfa-5212	154	27	selected	select	VERB
ajfa-5212	154	28	98,198	98,198	NUM
ajfa-5212	154	29	msbs	msbs	NOUN
ajfa-5212	154	30	and	and	CCONJ
ajfa-5212	154	31	10,371	10,371	NUM
ajfa-5212	154	32	mlbs	mlb	NOUN
ajfa-5212	154	33	.	.	PUNCT
ajfa-5212	155	1	there	there	PRON
ajfa-5212	155	2	are	be	VERB
ajfa-5212	155	3	513	513	NUM
ajfa-5212	155	4	listed	list	VERB
ajfa-5212	155	5	,	,	PUNCT
ajfa-5212	155	6	404	404	NUM
ajfa-5212	155	7	otc	otc	PROPN
ajfa-5212	155	8	,	,	PUNCT
ajfa-5212	155	9	133	133	NUM
ajfa-5212	155	10	emerging	emerge	VERB
ajfa-5212	155	11	stock	stock	NOUN
ajfa-5212	155	12	and	and	CCONJ
ajfa-5212	155	13	166	166	NUM
ajfa-5212	155	14	companies	company	NOUN
ajfa-5212	155	15	publicly	publicly	ADV
ajfa-5212	155	16	-	-	PUNCT
ajfa-5212	155	17	held	hold	VERB
ajfa-5212	155	18	but	but	CCONJ
ajfa-5212	155	19	not	not	PART
ajfa-5212	155	20	included	include	VERB
ajfa-5212	155	21	in	in	ADP
ajfa-5212	155	22	the	the	DET
ajfa-5212	155	23	former	former	ADJ
ajfa-5212	155	24	three	three	NUM
ajfa-5212	155	25	markets	market	NOUN
ajfa-5212	155	26	,	,	PUNCT
ajfa-5212	155	27	giving	give	VERB
ajfa-5212	155	28	a	a	DET
ajfa-5212	155	29	total	total	NOUN
ajfa-5212	155	30	of	of	ADP
ajfa-5212	155	31	1,210	1,210	NUM
ajfa-5212	155	32	companies	company	NOUN
ajfa-5212	155	33	used	use	VERB
ajfa-5212	155	34	in	in	ADP
ajfa-5212	155	35	this	this	DET
ajfa-5212	155	36	study	study	NOUN
ajfa-5212	155	37	.	.	PUNCT
ajfa-5212	156	1	3.2	3.2	NUM
ajfa-5212	156	2	operational	operational	ADJ
ajfa-5212	156	3	definition	definition	NOUN
ajfa-5212	156	4	of	of	ADP
ajfa-5212	156	5	variables	variable	NOUN
ajfa-5212	156	6	in	in	ADP
ajfa-5212	156	7	order	order	NOUN
ajfa-5212	156	8	to	to	PART
ajfa-5212	156	9	explore	explore	VERB
ajfa-5212	156	10	whether	whether	SCONJ
ajfa-5212	156	11	the	the	DET
ajfa-5212	156	12	lending	lending	NOUN
ajfa-5212	156	13	performance	performance	NOUN
ajfa-5212	156	14	was	be	AUX
ajfa-5212	156	15	impacted	impact	VERB
ajfa-5212	156	16	by	by	ADP
ajfa-5212	156	17	information	information	NOUN
ajfa-5212	156	18	asymmetry	asymmetry	NOUN
ajfa-5212	156	19	and	and	CCONJ
ajfa-5212	156	20	credit	credit	NOUN
ajfa-5212	156	21	records	record	NOUN
ajfa-5212	156	22	,	,	PUNCT
ajfa-5212	156	23	we	we	PRON
ajfa-5212	156	24	grouped	group	VERB
ajfa-5212	156	25	the	the	DET
ajfa-5212	156	26	factors	factor	NOUN
ajfa-5212	156	27	into	into	ADP
ajfa-5212	156	28	four	four	NUM
ajfa-5212	156	29	dimensions	dimension	NOUN
ajfa-5212	156	30	and	and	CCONJ
ajfa-5212	156	31	nineteen	nineteen	NUM
ajfa-5212	156	32	independent	independent	ADJ
ajfa-5212	156	33	variables	variable	NOUN
ajfa-5212	156	34	as	as	SCONJ
ajfa-5212	156	35	follows	follow	VERB
ajfa-5212	156	36	:	:	PUNCT
ajfa-5212	156	37	(	(	PUNCT
ajfa-5212	156	38	1	1	X
ajfa-5212	156	39	)	)	PUNCT
ajfa-5212	156	40	level	level	NOUN
ajfa-5212	156	41	of	of	ADP
ajfa-5212	156	42	asymmetric	asymmetric	ADJ
ajfa-5212	156	43	information	information	NOUN
ajfa-5212	156	44	(	(	PUNCT
ajfa-5212	156	45	the	the	DET
ajfa-5212	156	46	dimension	dimension	NOUN
ajfa-5212	156	47	symbol	symbol	NOUN
ajfa-5212	156	48	is	be	AUX
ajfa-5212	156	49	info	info	NOUN
ajfa-5212	156	50	)	)	PUNCT
ajfa-5212	156	51	.	.	PUNCT
ajfa-5212	157	1	info	info	NOUN
ajfa-5212	157	2	includes	include	VERB
ajfa-5212	157	3	the	the	DET
ajfa-5212	157	4	size	size	NOUN
ajfa-5212	157	5	of	of	ADP
ajfa-5212	157	6	the	the	DET
ajfa-5212	157	7	borrowers	borrower	NOUN
ajfa-5212	157	8	.	.	PUNCT
ajfa-5212	158	1	(	(	PUNCT
ajfa-5212	158	2	the	the	DET
ajfa-5212	158	3	sizes	size	NOUN
ajfa-5212	158	4	of	of	ADP
ajfa-5212	158	5	msbs	msbs	NOUN
ajfa-5212	158	6	and	and	CCONJ
ajfa-5212	158	7	mlbs	mlb	NOUN
ajfa-5212	158	8	are	be	AUX
ajfa-5212	158	9	measured	measure	VERB
ajfa-5212	158	10	by	by	ADP
ajfa-5212	158	11	capital	capital	NOUN
ajfa-5212	158	12	registered	register	VERB
ajfa-5212	158	13	and	and	CCONJ
ajfa-5212	158	14	total	total	ADJ
ajfa-5212	158	15	assets	asset	NOUN
ajfa-5212	158	16	,	,	PUNCT
ajfa-5212	158	17	respectively	respectively	ADV
ajfa-5212	158	18	.	.	PUNCT
ajfa-5212	159	1	we	we	PRON
ajfa-5212	159	2	take	take	VERB
ajfa-5212	159	3	the	the	DET
ajfa-5212	159	4	natural	natural	ADJ
ajfa-5212	159	5	logarithm	logarithm	NOUN
ajfa-5212	159	6	of	of	ADP
ajfa-5212	159	7	capital	capital	NOUN
ajfa-5212	159	8	registered	register	VERB
ajfa-5212	159	9	and	and	CCONJ
ajfa-5212	159	10	total	total	ADJ
ajfa-5212	159	11	assets	asset	NOUN
ajfa-5212	159	12	as	as	ADP
ajfa-5212	159	13	the	the	DET
ajfa-5212	159	14	proxy	proxy	NOUN
ajfa-5212	159	15	for	for	ADP
ajfa-5212	159	16	firm	firm	ADJ
ajfa-5212	159	17	size	size	NOUN
ajfa-5212	159	18	.	.	PUNCT
ajfa-5212	160	1	the	the	DET
ajfa-5212	160	2	variables	variable	NOUN
ajfa-5212	160	3	’	'	PUNCT
ajfa-5212	160	4	symbols	symbol	NOUN
ajfa-5212	160	5	are	be	AUX
ajfa-5212	160	6	info_01	info_01	PROPN
ajfa-5212	160	7	and	and	CCONJ
ajfa-5212	160	8	info_02	info_02	PROPN
ajfa-5212	160	9	,	,	PUNCT
ajfa-5212	160	10	respectively	respectively	ADV
ajfa-5212	160	11	.	.	PUNCT
ajfa-5212	160	12	)	)	PUNCT
ajfa-5212	161	1	the	the	DET
ajfa-5212	161	2	second	second	ADJ
ajfa-5212	161	3	variable	variable	NOUN
ajfa-5212	161	4	of	of	ADP
ajfa-5212	161	5	info	info	NOUN
ajfa-5212	161	6	is	be	AUX
ajfa-5212	161	7	existing	exist	VERB
ajfa-5212	161	8	length	length	NOUN
ajfa-5212	161	9	,	,	PUNCT
ajfa-5212	161	10	measured	measure	VERB
ajfa-5212	161	11	by	by	ADP
ajfa-5212	161	12	months	month	NOUN
ajfa-5212	161	13	(	(	PUNCT
ajfa-5212	161	14	the	the	DET
ajfa-5212	161	15	variable	variable	NOUN
ajfa-5212	161	16	is	be	AUX
ajfa-5212	161	17	info_03	info_03	ADJ
ajfa-5212	161	18	)	)	PUNCT
ajfa-5212	161	19	.	.	PUNCT
ajfa-5212	162	1	the	the	DET
ajfa-5212	162	2	third	third	ADJ
ajfa-5212	162	3	variable	variable	NOUN
ajfa-5212	162	4	of	of	ADP
ajfa-5212	162	5	info	info	NOUN
ajfa-5212	162	6	is	be	AUX
ajfa-5212	162	7	when	when	SCONJ
ajfa-5212	162	8	the	the	DET
ajfa-5212	162	9	borrowing	borrowing	NOUN
ajfa-5212	162	10	firm	firm	NOUN
ajfa-5212	162	11	was	be	AUX
ajfa-5212	162	12	founded	found	VERB
ajfa-5212	162	13	.	.	PUNCT
ajfa-5212	163	1	asian	asian	ADJ
ajfa-5212	163	2	journal	journal	PROPN
ajfa-5212	163	3	of	of	ADP
ajfa-5212	163	4	finance	finance	PROPN
ajfa-5212	163	5	&	&	CCONJ
ajfa-5212	163	6	accounting	accounting	PROPN
ajfa-5212	163	7	issn	issn	PROPN
ajfa-5212	163	8	1946	1946	NUM
ajfa-5212	163	9	-	-	PUNCT
ajfa-5212	163	10	052x	052x	PROPN
ajfa-5212	163	11	2014	2014	NUM
ajfa-5212	163	12	,	,	PUNCT
ajfa-5212	163	13	vol	vol	NOUN
ajfa-5212	163	14	.	.	PROPN
ajfa-5212	164	1	6	6	NUM
ajfa-5212	164	2	,	,	PUNCT
ajfa-5212	164	3	no	no	INTJ
ajfa-5212	164	4	.	.	NOUN
ajfa-5212	164	5	1	1	NUM
ajfa-5212	164	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	164	7	183	183	NUM
ajfa-5212	164	8	(	(	PUNCT
ajfa-5212	164	9	before	before	ADP
ajfa-5212	164	10	or	or	CCONJ
ajfa-5212	164	11	after	after	ADP
ajfa-5212	164	12	the	the	DET
ajfa-5212	164	13	deregulation	deregulation	NOUN
ajfa-5212	164	14	to	to	PART
ajfa-5212	164	15	allow	allow	VERB
ajfa-5212	164	16	the	the	DET
ajfa-5212	164	17	establishment	establishment	NOUN
ajfa-5212	164	18	of	of	ADP
ajfa-5212	164	19	new	new	ADJ
ajfa-5212	164	20	banks	bank	NOUN
ajfa-5212	164	21	,	,	PUNCT
ajfa-5212	164	22	the	the	DET
ajfa-5212	164	23	variable	variable	NOUN
ajfa-5212	164	24	is	be	AUX
ajfa-5212	164	25	info_04	info_04	NOUN
ajfa-5212	164	26	.	.	PUNCT
ajfa-5212	164	27	which	which	PRON
ajfa-5212	164	28	is	be	AUX
ajfa-5212	164	29	a	a	DET
ajfa-5212	164	30	dummy	dummy	ADJ
ajfa-5212	164	31	variable	variable	NOUN
ajfa-5212	165	1	and	and	CCONJ
ajfa-5212	165	2	we	we	PRON
ajfa-5212	165	3	denote	denote	VERB
ajfa-5212	165	4	the	the	DET
ajfa-5212	165	5	value	value	NOUN
ajfa-5212	165	6	as	as	ADP
ajfa-5212	165	7	1	1	NUM
ajfa-5212	165	8	when	when	SCONJ
ajfa-5212	165	9	the	the	DET
ajfa-5212	165	10	borrower	borrower	NOUN
ajfa-5212	165	11	was	be	AUX
ajfa-5212	165	12	found	find	VERB
ajfa-5212	165	13	before	before	ADP
ajfa-5212	165	14	1993	1993	NUM
ajfa-5212	165	15	otherwise	otherwise	ADV
ajfa-5212	165	16	the	the	DET
ajfa-5212	165	17	value	value	NOUN
ajfa-5212	165	18	is	be	AUX
ajfa-5212	165	19	0	0	NUM
ajfa-5212	165	20	.	.	PUNCT
ajfa-5212	165	21	)	)	PUNCT
ajfa-5212	166	1	(	(	PUNCT
ajfa-5212	166	2	2	2	X
ajfa-5212	166	3	)	)	PUNCT
ajfa-5212	166	4	organization	organization	NOUN
ajfa-5212	166	5	and	and	CCONJ
ajfa-5212	166	6	industry	industry	NOUN
ajfa-5212	166	7	type	type	NOUN
ajfa-5212	166	8	of	of	ADP
ajfa-5212	166	9	the	the	DET
ajfa-5212	166	10	borrowers	borrower	NOUN
ajfa-5212	166	11	(	(	PUNCT
ajfa-5212	166	12	the	the	DET
ajfa-5212	166	13	dimension	dimension	NOUN
ajfa-5212	166	14	symbol	symbol	NOUN
ajfa-5212	166	15	is	be	AUX
ajfa-5212	166	16	com	com	NOUN
ajfa-5212	166	17	)	)	PUNCT
ajfa-5212	166	18	.	.	PUNCT
ajfa-5212	167	1	in	in	ADP
ajfa-5212	167	2	mlb	mlb	PROPN
ajfa-5212	167	3	sample	sample	NOUN
ajfa-5212	167	4	,	,	PUNCT
ajfa-5212	167	5	we	we	PRON
ajfa-5212	167	6	use	use	VERB
ajfa-5212	167	7	two	two	NUM
ajfa-5212	167	8	dummy	dummy	ADJ
ajfa-5212	167	9	variables	variable	NOUN
ajfa-5212	167	10	(	(	PUNCT
ajfa-5212	167	11	com_01	com_01	PROPN
ajfa-5212	167	12	and	and	CCONJ
ajfa-5212	167	13	com_02	com_02	PROPN
ajfa-5212	167	14	)	)	PUNCT
ajfa-5212	167	15	to	to	PART
ajfa-5212	167	16	distinguish	distinguish	VERB
ajfa-5212	167	17	between	between	ADP
ajfa-5212	167	18	listed	list	VERB
ajfa-5212	167	19	,	,	PUNCT
ajfa-5212	167	20	otc	otc	PROPN
ajfa-5212	167	21	,	,	PUNCT
ajfa-5212	167	22	publicly	publicly	ADV
ajfa-5212	167	23	-	-	PUNCT
ajfa-5212	167	24	held	hold	VERB
ajfa-5212	167	25	and	and	CCONJ
ajfa-5212	167	26	privately	privately	ADV
ajfa-5212	167	27	-	-	PUNCT
ajfa-5212	167	28	held	hold	VERB
ajfa-5212	167	29	companies	company	NOUN
ajfa-5212	167	30	.	.	PUNCT
ajfa-5212	168	1	if	if	SCONJ
ajfa-5212	168	2	the	the	DET
ajfa-5212	168	3	company	company	NOUN
ajfa-5212	168	4	belongs	belong	VERB
ajfa-5212	168	5	to	to	ADP
ajfa-5212	168	6	listed	list	VERB
ajfa-5212	168	7	firms	firm	NOUN
ajfa-5212	168	8	,	,	PUNCT
ajfa-5212	168	9	the	the	DET
ajfa-5212	168	10	dummy	dummy	ADJ
ajfa-5212	168	11	variable	variable	NOUN
ajfa-5212	168	12	com_01	com_01	PROPN
ajfa-5212	168	13	equal	equal	ADJ
ajfa-5212	168	14	1	1	NUM
ajfa-5212	168	15	,	,	PUNCT
ajfa-5212	168	16	otherwise	otherwise	ADV
ajfa-5212	168	17	the	the	DET
ajfa-5212	168	18	value	value	NOUN
ajfa-5212	168	19	is	be	AUX
ajfa-5212	168	20	0	0	NUM
ajfa-5212	168	21	.	.	PUNCT
ajfa-5212	169	1	if	if	SCONJ
ajfa-5212	169	2	the	the	DET
ajfa-5212	169	3	company	company	NOUN
ajfa-5212	169	4	belongs	belong	VERB
ajfa-5212	169	5	to	to	ADP
ajfa-5212	169	6	otc	otc	PROPN
ajfa-5212	169	7	firms	firm	NOUN
ajfa-5212	169	8	,	,	PUNCT
ajfa-5212	169	9	the	the	DET
ajfa-5212	169	10	dummy	dummy	ADJ
ajfa-5212	169	11	variable	variable	NOUN
ajfa-5212	169	12	com_02	com_02	PROPN
ajfa-5212	169	13	equal	equal	ADJ
ajfa-5212	169	14	1	1	NUM
ajfa-5212	169	15	,	,	PUNCT
ajfa-5212	169	16	otherwise	otherwise	ADV
ajfa-5212	169	17	the	the	DET
ajfa-5212	169	18	value	value	NOUN
ajfa-5212	169	19	is	be	AUX
ajfa-5212	169	20	0	0	NUM
ajfa-5212	169	21	.	.	PUNCT
ajfa-5212	170	1	in	in	ADP
ajfa-5212	170	2	the	the	DET
ajfa-5212	170	3	msb	msb	PROPN
ajfa-5212	170	4	sample	sample	NOUN
ajfa-5212	170	5	,	,	PUNCT
ajfa-5212	170	6	we	we	PRON
ajfa-5212	170	7	use	use	VERB
ajfa-5212	170	8	the	the	DET
ajfa-5212	170	9	dummy	dummy	ADJ
ajfa-5212	170	10	variable	variable	NOUN
ajfa-5212	170	11	com_03	com_03	PROPN
ajfa-5212	170	12	to	to	PART
ajfa-5212	170	13	distinguish	distinguish	VERB
ajfa-5212	170	14	between	between	ADP
ajfa-5212	170	15	corporations	corporation	NOUN
ajfa-5212	170	16	,	,	PUNCT
ajfa-5212	170	17	proprietorships	proprietorship	NOUN
ajfa-5212	170	18	,	,	PUNCT
ajfa-5212	170	19	partnerships	partnership	NOUN
ajfa-5212	170	20	and	and	CCONJ
ajfa-5212	170	21	limited	limited	ADJ
ajfa-5212	170	22	companies	company	NOUN
ajfa-5212	170	23	.	.	PUNCT
ajfa-5212	171	1	when	when	SCONJ
ajfa-5212	171	2	the	the	DET
ajfa-5212	171	3	msb	msb	PROPN
ajfa-5212	171	4	belongs	belong	VERB
ajfa-5212	171	5	to	to	PART
ajfa-5212	171	6	corporation	corporation	VERB
ajfa-5212	171	7	the	the	DET
ajfa-5212	171	8	dummy	dummy	ADJ
ajfa-5212	171	9	variable	variable	NOUN
ajfa-5212	171	10	equal	equal	ADJ
ajfa-5212	171	11	1	1	NUM
ajfa-5212	171	12	,	,	PUNCT
ajfa-5212	171	13	otherwise	otherwise	ADV
ajfa-5212	171	14	the	the	DET
ajfa-5212	171	15	value	value	NOUN
ajfa-5212	171	16	is	be	AUX
ajfa-5212	171	17	0	0	NUM
ajfa-5212	171	18	.	.	PUNCT
ajfa-5212	172	1	we	we	PRON
ajfa-5212	172	2	use	use	VERB
ajfa-5212	172	3	com_04	com_04	PROPN
ajfa-5212	172	4	to	to	PART
ajfa-5212	172	5	distinguish	distinguish	VERB
ajfa-5212	172	6	whether	whether	SCONJ
ajfa-5212	172	7	or	or	CCONJ
ajfa-5212	172	8	not	not	PART
ajfa-5212	172	9	the	the	DET
ajfa-5212	172	10	borrowing	borrow	VERB
ajfa-5212	172	11	company	company	NOUN
ajfa-5212	172	12	belongs	belong	VERB
ajfa-5212	172	13	to	to	ADP
ajfa-5212	172	14	a	a	DET
ajfa-5212	172	15	conglomerate	conglomerate	NOUN
ajfa-5212	172	16	if	if	SCONJ
ajfa-5212	172	17	yes	yes	INTJ
ajfa-5212	172	18	the	the	DET
ajfa-5212	172	19	dummy	dummy	ADJ
ajfa-5212	172	20	variable	variable	NOUN
ajfa-5212	172	21	equals	equal	VERB
ajfa-5212	172	22	1	1	NUM
ajfa-5212	172	23	,	,	PUNCT
ajfa-5212	172	24	otherwise	otherwise	ADV
ajfa-5212	172	25	the	the	DET
ajfa-5212	172	26	value	value	NOUN
ajfa-5212	172	27	is	be	AUX
ajfa-5212	172	28	0	0	NUM
ajfa-5212	172	29	.	.	PUNCT
ajfa-5212	173	1	we	we	PRON
ajfa-5212	173	2	then	then	ADV
ajfa-5212	173	3	use	use	VERB
ajfa-5212	173	4	the	the	DET
ajfa-5212	173	5	dummy	dummy	ADJ
ajfa-5212	173	6	variables	variable	NOUN
ajfa-5212	173	7	com_05	com_05	PROPN
ajfa-5212	173	8	and	and	CCONJ
ajfa-5212	173	9	com_06	com_06	PROPN
ajfa-5212	173	10	to	to	PART
ajfa-5212	173	11	distinguish	distinguish	VERB
ajfa-5212	173	12	between	between	ADP
ajfa-5212	173	13	foreign	foreign	ADJ
ajfa-5212	173	14	,	,	PUNCT
ajfa-5212	173	15	state	state	NOUN
ajfa-5212	173	16	-	-	PUNCT
ajfa-5212	173	17	owned	own	VERB
ajfa-5212	173	18	or	or	CCONJ
ajfa-5212	173	19	domestic	domestic	ADJ
ajfa-5212	173	20	companies	company	NOUN
ajfa-5212	173	21	.	.	PUNCT
ajfa-5212	174	1	if	if	SCONJ
ajfa-5212	174	2	the	the	DET
ajfa-5212	174	3	borrower	borrower	NOUN
ajfa-5212	174	4	belongs	belong	VERB
ajfa-5212	174	5	to	to	ADP
ajfa-5212	174	6	foreign	foreign	ADJ
ajfa-5212	174	7	firms	firm	NOUN
ajfa-5212	174	8	,	,	PUNCT
ajfa-5212	174	9	the	the	DET
ajfa-5212	174	10	dummy	dummy	ADJ
ajfa-5212	174	11	variable	variable	NOUN
ajfa-5212	174	12	com_05	com_05	PROPN
ajfa-5212	174	13	equals	equal	VERB
ajfa-5212	174	14	1	1	NUM
ajfa-5212	174	15	,	,	PUNCT
ajfa-5212	174	16	otherwise	otherwise	ADV
ajfa-5212	174	17	the	the	DET
ajfa-5212	174	18	value	value	NOUN
ajfa-5212	174	19	is	be	AUX
ajfa-5212	174	20	0	0	NUM
ajfa-5212	174	21	.	.	PUNCT
ajfa-5212	175	1	if	if	SCONJ
ajfa-5212	175	2	the	the	DET
ajfa-5212	175	3	borrower	borrower	NOUN
ajfa-5212	175	4	belongs	belong	VERB
ajfa-5212	175	5	to	to	ADP
ajfa-5212	175	6	state	state	NOUN
ajfa-5212	175	7	-	-	PUNCT
ajfa-5212	175	8	owned	own	VERB
ajfa-5212	175	9	the	the	DET
ajfa-5212	175	10	dummy	dummy	ADJ
ajfa-5212	175	11	variable	variable	NOUN
ajfa-5212	175	12	com_06	com_06	PROPN
ajfa-5212	175	13	equals	equal	VERB
ajfa-5212	175	14	1	1	NUM
ajfa-5212	175	15	,	,	PUNCT
ajfa-5212	175	16	otherwise	otherwise	ADV
ajfa-5212	175	17	the	the	DET
ajfa-5212	175	18	value	value	NOUN
ajfa-5212	175	19	is	be	AUX
ajfa-5212	175	20	0	0	NUM
ajfa-5212	175	21	.	.	PUNCT
ajfa-5212	176	1	we	we	PRON
ajfa-5212	176	2	also	also	ADV
ajfa-5212	176	3	use	use	VERB
ajfa-5212	176	4	the	the	DET
ajfa-5212	176	5	dummy	dummy	ADJ
ajfa-5212	176	6	variables	variable	NOUN
ajfa-5212	176	7	com_07	com_07	PROPN
ajfa-5212	176	8	,	,	PUNCT
ajfa-5212	176	9	com_08	com_08	PROPN
ajfa-5212	176	10	,	,	PUNCT
ajfa-5212	176	11	com_09	com_09	PROPN
ajfa-5212	176	12	to	to	PART
ajfa-5212	176	13	distinguish	distinguish	VERB
ajfa-5212	176	14	four	four	NUM
ajfa-5212	176	15	kinds	kind	NOUN
ajfa-5212	176	16	of	of	ADP
ajfa-5212	176	17	industry	industry	NOUN
ajfa-5212	176	18	:	:	PUNCT
ajfa-5212	176	19	electronic	electronic	ADJ
ajfa-5212	176	20	manufacturing	manufacturing	NOUN
ajfa-5212	176	21	,	,	PUNCT
ajfa-5212	176	22	non	non	ADJ
ajfa-5212	176	23	-	-	ADJ
ajfa-5212	176	24	electronic	electronic	ADJ
ajfa-5212	176	25	manufacturing	manufacturing	NOUN
ajfa-5212	176	26	,	,	PUNCT
ajfa-5212	176	27	wholesale	wholesale	NOUN
ajfa-5212	176	28	and	and	CCONJ
ajfa-5212	176	29	retail	retail	ADJ
ajfa-5212	176	30	,	,	PUNCT
ajfa-5212	176	31	and	and	CCONJ
ajfa-5212	176	32	others	other	NOUN
ajfa-5212	176	33	(	(	PUNCT
ajfa-5212	176	34	including	include	VERB
ajfa-5212	176	35	the	the	DET
ajfa-5212	176	36	construction	construction	NOUN
ajfa-5212	176	37	,	,	PUNCT
ajfa-5212	176	38	real	real	ADJ
ajfa-5212	176	39	estate	estate	NOUN
ajfa-5212	176	40	,	,	PUNCT
ajfa-5212	176	41	and	and	CCONJ
ajfa-5212	176	42	investment	investment	NOUN
ajfa-5212	176	43	industries	industry	NOUN
ajfa-5212	176	44	)	)	PUNCT
ajfa-5212	176	45	.	.	PUNCT
ajfa-5212	177	1	if	if	SCONJ
ajfa-5212	177	2	the	the	DET
ajfa-5212	177	3	borrower	borrower	NOUN
ajfa-5212	177	4	belongs	belong	VERB
ajfa-5212	177	5	to	to	ADP
ajfa-5212	177	6	electronic	electronic	ADJ
ajfa-5212	177	7	manufacturing	manufacturing	NOUN
ajfa-5212	177	8	,	,	PUNCT
ajfa-5212	177	9	the	the	DET
ajfa-5212	177	10	dummy	dummy	ADJ
ajfa-5212	177	11	variable	variable	NOUN
ajfa-5212	177	12	com_07	com_07	NOUN
ajfa-5212	177	13	equals	equal	VERB
ajfa-5212	177	14	1	1	NUM
ajfa-5212	177	15	,	,	PUNCT
ajfa-5212	177	16	otherwise	otherwise	ADV
ajfa-5212	177	17	the	the	DET
ajfa-5212	177	18	value	value	NOUN
ajfa-5212	177	19	is	be	AUX
ajfa-5212	177	20	0	0	NUM
ajfa-5212	177	21	.	.	PUNCT
ajfa-5212	178	1	if	if	SCONJ
ajfa-5212	178	2	the	the	DET
ajfa-5212	178	3	borrower	borrower	NOUN
ajfa-5212	178	4	belongs	belong	VERB
ajfa-5212	178	5	to	to	ADP
ajfa-5212	178	6	non	non	ADJ
ajfa-5212	178	7	-	-	ADJ
ajfa-5212	178	8	electronic	electronic	ADJ
ajfa-5212	178	9	manufacturing	manufacturing	NOUN
ajfa-5212	178	10	,	,	PUNCT
ajfa-5212	178	11	the	the	DET
ajfa-5212	178	12	dummy	dummy	ADJ
ajfa-5212	178	13	variable	variable	NOUN
ajfa-5212	178	14	com_08	com_08	PROPN
ajfa-5212	178	15	equals	equal	VERB
ajfa-5212	178	16	1	1	NUM
ajfa-5212	178	17	,	,	PUNCT
ajfa-5212	178	18	otherwise	otherwise	ADV
ajfa-5212	178	19	the	the	DET
ajfa-5212	178	20	value	value	NOUN
ajfa-5212	178	21	is	be	AUX
ajfa-5212	178	22	0	0	NUM
ajfa-5212	178	23	.	.	PUNCT
ajfa-5212	179	1	if	if	SCONJ
ajfa-5212	179	2	the	the	DET
ajfa-5212	179	3	borrower	borrower	NOUN
ajfa-5212	179	4	belongs	belong	VERB
ajfa-5212	179	5	to	to	ADP
ajfa-5212	179	6	wholesale	wholesale	ADJ
ajfa-5212	179	7	and	and	CCONJ
ajfa-5212	179	8	retail	retail	NOUN
ajfa-5212	179	9	,	,	PUNCT
ajfa-5212	179	10	the	the	DET
ajfa-5212	179	11	dummy	dummy	ADJ
ajfa-5212	179	12	variable	variable	NOUN
ajfa-5212	179	13	com_09	com_09	PROPN
ajfa-5212	179	14	equals	equal	VERB
ajfa-5212	179	15	1	1	NUM
ajfa-5212	179	16	,	,	PUNCT
ajfa-5212	179	17	otherwise	otherwise	ADV
ajfa-5212	179	18	the	the	DET
ajfa-5212	179	19	value	value	NOUN
ajfa-5212	179	20	is	be	AUX
ajfa-5212	179	21	0	0	NUM
ajfa-5212	179	22	.	.	PUNCT
ajfa-5212	180	1	(	(	PUNCT
ajfa-5212	180	2	3	3	X
ajfa-5212	180	3	)	)	PUNCT
ajfa-5212	180	4	financial	financial	ADJ
ajfa-5212	180	5	characteristics	characteristic	NOUN
ajfa-5212	180	6	of	of	ADP
ajfa-5212	180	7	the	the	DET
ajfa-5212	180	8	borrowers	borrower	NOUN
ajfa-5212	180	9	(	(	PUNCT
ajfa-5212	180	10	the	the	DET
ajfa-5212	180	11	dimension	dimension	NOUN
ajfa-5212	180	12	symbol	symbol	NOUN
ajfa-5212	180	13	is	be	AUX
ajfa-5212	180	14	fin	fin	NOUN
ajfa-5212	180	15	)	)	PUNCT
ajfa-5212	180	16	.	.	PUNCT
ajfa-5212	181	1	given	give	VERB
ajfa-5212	181	2	that	that	SCONJ
ajfa-5212	181	3	mlbs	mlbs	NOUN
ajfa-5212	181	4	should	should	AUX
ajfa-5212	181	5	file	file	VERB
ajfa-5212	181	6	audited	audit	VERB
ajfa-5212	181	7	financial	financial	ADJ
ajfa-5212	181	8	statements	statement	NOUN
ajfa-5212	181	9	with	with	ADP
ajfa-5212	181	10	the	the	DET
ajfa-5212	181	11	lending	lending	NOUN
ajfa-5212	181	12	banks	bank	NOUN
ajfa-5212	181	13	,	,	PUNCT
ajfa-5212	181	14	in	in	ADP
ajfa-5212	181	15	our	our	PRON
ajfa-5212	181	16	empirical	empirical	ADJ
ajfa-5212	181	17	model	model	NOUN
ajfa-5212	181	18	,	,	PUNCT
ajfa-5212	181	19	only	only	ADV
ajfa-5212	181	20	mlbs	mlb	NOUN
ajfa-5212	181	21	are	be	AUX
ajfa-5212	181	22	included	include	VERB
ajfa-5212	181	23	in	in	ADP
ajfa-5212	181	24	the	the	DET
ajfa-5212	181	25	dimension	dimension	NOUN
ajfa-5212	181	26	of	of	ADP
ajfa-5212	181	27	financial	financial	ADJ
ajfa-5212	181	28	variables	variable	NOUN
ajfa-5212	181	29	.	.	PUNCT
ajfa-5212	182	1	the	the	DET
ajfa-5212	182	2	financial	financial	ADJ
ajfa-5212	182	3	variables	variable	NOUN
ajfa-5212	182	4	of	of	ADP
ajfa-5212	182	5	the	the	DET
ajfa-5212	182	6	borrowers	borrower	NOUN
ajfa-5212	182	7	include	include	VERB
ajfa-5212	182	8	the	the	DET
ajfa-5212	182	9	financial	financial	ADJ
ajfa-5212	182	10	leverage	leverage	NOUN
ajfa-5212	182	11	ratio	ratio	NOUN
ajfa-5212	182	12	(	(	PUNCT
ajfa-5212	182	13	measured	measure	VERB
ajfa-5212	182	14	by	by	ADP
ajfa-5212	182	15	total	total	ADJ
ajfa-5212	182	16	liabilities	liability	NOUN
ajfa-5212	182	17	over	over	ADP
ajfa-5212	182	18	total	total	ADJ
ajfa-5212	182	19	equities	equity	NOUN
ajfa-5212	182	20	(	(	PUNCT
ajfa-5212	182	21	%	%	NOUN
ajfa-5212	182	22	)	)	PUNCT
ajfa-5212	182	23	,	,	PUNCT
ajfa-5212	182	24	fin_01	fin_01	PROPN
ajfa-5212	182	25	)	)	PUNCT
ajfa-5212	182	26	,	,	PUNCT
ajfa-5212	182	27	the	the	DET
ajfa-5212	182	28	r&d	r&d	NOUN
ajfa-5212	182	29	expenditure	expenditure	NOUN
ajfa-5212	182	30	ratio	ratio	NOUN
ajfa-5212	182	31	(	(	PUNCT
ajfa-5212	182	32	measured	measure	VERB
ajfa-5212	182	33	by	by	ADP
ajfa-5212	182	34	total	total	ADJ
ajfa-5212	182	35	r&d	r&d	NOUN
ajfa-5212	182	36	expenses	expense	NOUN
ajfa-5212	182	37	over	over	ADP
ajfa-5212	182	38	total	total	ADJ
ajfa-5212	182	39	equities	equity	NOUN
ajfa-5212	182	40	(	(	PUNCT
ajfa-5212	182	41	%	%	NOUN
ajfa-5212	182	42	)	)	PUNCT
ajfa-5212	182	43	,	,	PUNCT
ajfa-5212	182	44	fin_02	fin_02	PROPN
ajfa-5212	182	45	)	)	PUNCT
ajfa-5212	182	46	,	,	PUNCT
ajfa-5212	182	47	the	the	DET
ajfa-5212	182	48	profitability	profitability	NOUN
ajfa-5212	182	49	ratio20	ratio20	NOUN
ajfa-5212	182	50	(	(	PUNCT
ajfa-5212	182	51	measured	measure	VERB
ajfa-5212	182	52	by	by	ADP
ajfa-5212	182	53	ebit	ebit	PROPN
ajfa-5212	182	54	over	over	ADP
ajfa-5212	182	55	sales	sale	NOUN
ajfa-5212	182	56	(	(	PUNCT
ajfa-5212	182	57	%	%	INTJ
ajfa-5212	182	58	)	)	PUNCT
ajfa-5212	182	59	,	,	PUNCT
ajfa-5212	182	60	fin_03	fin_03	ADJ
ajfa-5212	182	61	)	)	PUNCT
ajfa-5212	182	62	,	,	PUNCT
ajfa-5212	182	63	and	and	CCONJ
ajfa-5212	182	64	the	the	DET
ajfa-5212	182	65	cash	cash	NOUN
ajfa-5212	182	66	ratio	ratio	NOUN
ajfa-5212	182	67	(	(	PUNCT
ajfa-5212	182	68	measured	measure	VERB
ajfa-5212	182	69	by	by	ADP
ajfa-5212	182	70	cash	cash	NOUN
ajfa-5212	182	71	-	-	PUNCT
ajfa-5212	182	72	in	in	ADP
ajfa-5212	182	73	-	-	PUNCT
ajfa-5212	182	74	hand	hand	NOUN
ajfa-5212	182	75	and	and	CCONJ
ajfa-5212	182	76	cash	cash	NOUN
ajfa-5212	182	77	equivalent	equivalent	ADJ
ajfa-5212	182	78	over	over	ADP
ajfa-5212	182	79	sales	sale	NOUN
ajfa-5212	182	80	(	(	PUNCT
ajfa-5212	182	81	%	%	INTJ
ajfa-5212	182	82	)	)	PUNCT
ajfa-5212	182	83	,	,	PUNCT
ajfa-5212	182	84	fin_04	fin_04	PROPN
ajfa-5212	182	85	)	)	PUNCT
ajfa-5212	182	86	.	.	PUNCT
ajfa-5212	183	1	(	(	PUNCT
ajfa-5212	183	2	4	4	X
ajfa-5212	183	3	)	)	PUNCT
ajfa-5212	183	4	credit	credit	NOUN
ajfa-5212	183	5	records	record	NOUN
ajfa-5212	183	6	of	of	ADP
ajfa-5212	183	7	borrowers	borrower	NOUN
ajfa-5212	183	8	(	(	PUNCT
ajfa-5212	183	9	the	the	DET
ajfa-5212	183	10	dimension	dimension	NOUN
ajfa-5212	183	11	symbol	symbol	NOUN
ajfa-5212	183	12	is	be	AUX
ajfa-5212	183	13	credit	credit	NOUN
ajfa-5212	183	14	)	)	PUNCT
ajfa-5212	183	15	.	.	PUNCT
ajfa-5212	184	1	this	this	PRON
ajfa-5212	184	2	refers	refer	VERB
ajfa-5212	184	3	to	to	ADP
ajfa-5212	184	4	whether	whether	SCONJ
ajfa-5212	184	5	the	the	DET
ajfa-5212	184	6	borrowers	borrower	NOUN
ajfa-5212	184	7	have	have	AUX
ajfa-5212	184	8	faced	face	VERB
ajfa-5212	184	9	the	the	DET
ajfa-5212	184	10	situation	situation	NOUN
ajfa-5212	184	11	where	where	SCONJ
ajfa-5212	184	12	their	their	PRON
ajfa-5212	184	13	loans	loan	NOUN
ajfa-5212	184	14	are	be	AUX
ajfa-5212	184	15	overdue	overdue	ADJ
ajfa-5212	184	16	,	,	PUNCT
ajfa-5212	184	17	they	they	PRON
ajfa-5212	184	18	have	have	AUX
ajfa-5212	184	19	defaulted	default	VERB
ajfa-5212	184	20	,	,	PUNCT
ajfa-5212	184	21	have	have	AUX
ajfa-5212	184	22	incurred	incur	VERB
ajfa-5212	184	23	bad	bad	ADJ
ajfa-5212	184	24	debts	debt	NOUN
ajfa-5212	184	25	or	or	CCONJ
ajfa-5212	184	26	not	not	PART
ajfa-5212	184	27	sufficient	sufficient	ADJ
ajfa-5212	184	28	fund	fund	NOUN
ajfa-5212	184	29	(	(	PUNCT
ajfa-5212	184	30	nsf	nsf	NOUN
ajfa-5212	184	31	)	)	PUNCT
ajfa-5212	184	32	(	(	PUNCT
ajfa-5212	184	33	credit_01	credit_01	ADV
ajfa-5212	184	34	)	)	PUNCT
ajfa-5212	184	35	.	.	PUNCT
ajfa-5212	185	1	we	we	PRON
ajfa-5212	185	2	also	also	ADV
ajfa-5212	185	3	measure	measure	VERB
ajfa-5212	185	4	the	the	DET
ajfa-5212	185	5	credit	credit	NOUN
ajfa-5212	185	6	rating	rating	NOUN
ajfa-5212	185	7	score21	score21	NOUN
ajfa-5212	185	8	of	of	ADP
ajfa-5212	185	9	the	the	DET
ajfa-5212	185	10	chairperson	chairperson	NOUN
ajfa-5212	185	11	of	of	ADP
ajfa-5212	185	12	the	the	DET
ajfa-5212	185	13	borrowing	borrowing	NOUN
ajfa-5212	185	14	firm	firm	NOUN
ajfa-5212	185	15	(	(	PUNCT
ajfa-5212	185	16	the	the	DET
ajfa-5212	185	17	symbol	symbol	NOUN
ajfa-5212	185	18	is	be	AUX
ajfa-5212	185	19	credit_02	credit_02	PROPN
ajfa-5212	185	20	)	)	PUNCT
ajfa-5212	185	21	.	.	PUNCT
ajfa-5212	186	1	(	(	PUNCT
ajfa-5212	186	2	the	the	DET
ajfa-5212	186	3	relevant	relevant	ADJ
ajfa-5212	186	4	magnitudes	magnitude	NOUN
ajfa-5212	186	5	are	be	AUX
ajfa-5212	186	6	obtained	obtain	VERB
ajfa-5212	186	7	from	from	ADP
ajfa-5212	186	8	the	the	DET
ajfa-5212	186	9	database	database	NOUN
ajfa-5212	186	10	of	of	ADP
ajfa-5212	186	11	jcic	jcic	NOUN
ajfa-5212	186	12	window	window	NOUN
ajfa-5212	186	13	j10	j10	PROPN
ajfa-5212	186	14	.	.	PUNCT
ajfa-5212	186	15	)	)	PUNCT
ajfa-5212	187	1	as	as	SCONJ
ajfa-5212	187	2	mentioned	mention	VERB
ajfa-5212	187	3	before	before	ADV
ajfa-5212	187	4	,	,	PUNCT
ajfa-5212	187	5	we	we	PRON
ajfa-5212	187	6	use	use	VERB
ajfa-5212	187	7	with	with	ADP
ajfa-5212	187	8	or	or	CCONJ
ajfa-5212	187	9	without	without	ADP
ajfa-5212	187	10	wobd	wobd	NOUN
ajfa-5212	187	11	and	and	CCONJ
ajfa-5212	187	12	with	with	ADP
ajfa-5212	187	13	or	or	CCONJ
ajfa-5212	187	14	without	without	ADP
ajfa-5212	187	15	hccl	hccl	NOUN
ajfa-5212	187	16	to	to	PART
ajfa-5212	187	17	measure	measure	VERB
ajfa-5212	187	18	the	the	DET
ajfa-5212	187	19	lending	lending	NOUN
ajfa-5212	187	20	performances	performance	NOUN
ajfa-5212	187	21	of	of	ADP
ajfa-5212	187	22	the	the	DET
ajfa-5212	187	23	sample	sample	NOUN
ajfa-5212	187	24	banks	bank	NOUN
ajfa-5212	187	25	.	.	PUNCT
ajfa-5212	188	1	(	(	PUNCT
ajfa-5212	188	2	the	the	DET
ajfa-5212	188	3	dimension	dimension	NOUN
ajfa-5212	188	4	symbol	symbol	NOUN
ajfa-5212	188	5	is	be	AUX
ajfa-5212	188	6	status	status	NOUN
ajfa-5212	188	7	,	,	PUNCT
ajfa-5212	188	8	and	and	CCONJ
ajfa-5212	188	9	the	the	DET
ajfa-5212	188	10	two	two	NUM
ajfa-5212	188	11	dependent	dependent	ADJ
ajfa-5212	188	12	variables	variable	NOUN
ajfa-5212	188	13	are	be	AUX
ajfa-5212	188	14	status_01	status_01	ADJ
ajfa-5212	188	15	and	and	CCONJ
ajfa-5212	188	16	status_02	status_02	PROPN
ajfa-5212	188	17	.	.	PUNCT
ajfa-5212	188	18	)	)	PUNCT
ajfa-5212	189	1	if	if	SCONJ
ajfa-5212	189	2	the	the	DET
ajfa-5212	189	3	bank	bank	NOUN
ajfa-5212	189	4	has	have	AUX
ajfa-5212	189	5	written	write	VERB
ajfa-5212	189	6	off	off	ADP
ajfa-5212	189	7	over	over	ADP
ajfa-5212	189	8	nt$50	nt$50	NOUN
ajfa-5212	189	9	billion	billion	NUM
ajfa-5212	189	10	of	of	ADP
ajfa-5212	189	11	bad	bad	ADJ
ajfa-5212	189	12	debts	debt	NOUN
ajfa-5212	189	13	within	within	ADP
ajfa-5212	189	14	the	the	DET
ajfa-5212	189	15	last	last	ADJ
ajfa-5212	189	16	5	5	NUM
ajfa-5212	189	17	years	year	NOUN
ajfa-5212	189	18	,	,	PUNCT
ajfa-5212	189	19	the	the	DET
ajfa-5212	189	20	dependent	dependent	ADJ
ajfa-5212	189	21	dummy	dummy	ADJ
ajfa-5212	189	22	variable	variable	NOUN
ajfa-5212	189	23	status_01	status_01	NOUN
ajfa-5212	189	24	equals	equal	VERB
ajfa-5212	189	25	1	1	NUM
ajfa-5212	189	26	,	,	PUNCT
ajfa-5212	189	27	otherwise	otherwise	ADV
ajfa-5212	189	28	the	the	DET
ajfa-5212	189	29	dummy	dummy	ADJ
ajfa-5212	189	30	variable	variable	NOUN
ajfa-5212	189	31	’s	’s	PART
ajfa-5212	189	32	value	value	NOUN
ajfa-5212	189	33	is	be	AUX
ajfa-5212	189	34	0	0	NUM
ajfa-5212	189	35	.	.	PUNCT
ajfa-5212	190	1	the	the	DET
ajfa-5212	190	2	same	same	ADJ
ajfa-5212	190	3	principles	principle	NOUN
ajfa-5212	190	4	and	and	CCONJ
ajfa-5212	190	5	procedures	procedure	NOUN
ajfa-5212	190	6	are	be	AUX
ajfa-5212	190	7	applied	apply	VERB
ajfa-5212	190	8	to	to	ADP
ajfa-5212	190	9	hccl	hccl	PROPN
ajfa-5212	190	10	.	.	PUNCT
ajfa-5212	191	1	when	when	SCONJ
ajfa-5212	191	2	a	a	DET
ajfa-5212	191	3	bank	bank	NOUN
ajfa-5212	191	4	has	have	AUX
ajfa-5212	191	5	experienced	experience	VERB
ajfa-5212	191	6	heavy	heavy	ADJ
ajfa-5212	191	7	credit	credit	NOUN
ajfa-5212	191	8	card	card	NOUN
ajfa-5212	191	9	loss	loss	NOUN
ajfa-5212	191	10	,	,	PUNCT
ajfa-5212	191	11	the	the	DET
ajfa-5212	191	12	dependent	dependent	ADJ
ajfa-5212	191	13	dummy	dummy	ADJ
ajfa-5212	191	14	variable	variable	NOUN
ajfa-5212	191	15	status_02	status_02	NOUN
ajfa-5212	191	16	equals	equal	VERB
ajfa-5212	191	17	1	1	NUM
ajfa-5212	191	18	,	,	PUNCT
ajfa-5212	191	19	otherwise	otherwise	ADV
ajfa-5212	191	20	the	the	DET
ajfa-5212	191	21	dummy	dummy	ADJ
ajfa-5212	191	22	variable	variable	NOUN
ajfa-5212	191	23	’s	’s	PART
ajfa-5212	191	24	value	value	NOUN
ajfa-5212	191	25	is	be	AUX
ajfa-5212	191	26	0	0	NUM
ajfa-5212	191	27	.	.	PUNCT
ajfa-5212	191	28	asian	asian	ADJ
ajfa-5212	191	29	journal	journal	PROPN
ajfa-5212	191	30	of	of	ADP
ajfa-5212	191	31	finance	finance	PROPN
ajfa-5212	191	32	&	&	CCONJ
ajfa-5212	191	33	accounting	accounting	PROPN
ajfa-5212	191	34	issn	issn	PROPN
ajfa-5212	191	35	1946	1946	NUM
ajfa-5212	191	36	-	-	PUNCT
ajfa-5212	191	37	052x	052x	PROPN
ajfa-5212	191	38	2014	2014	NUM
ajfa-5212	191	39	,	,	PUNCT
ajfa-5212	191	40	vol	vol	NOUN
ajfa-5212	191	41	.	.	PROPN
ajfa-5212	192	1	6	6	NUM
ajfa-5212	192	2	,	,	PUNCT
ajfa-5212	192	3	no	no	INTJ
ajfa-5212	192	4	.	.	NOUN
ajfa-5212	192	5	1	1	NUM
ajfa-5212	192	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	192	7	184	184	NUM
ajfa-5212	192	8	table	table	NOUN
ajfa-5212	192	9	1	1	NUM
ajfa-5212	192	10	.	.	PUNCT
ajfa-5212	193	1	summary	summary	NOUN
ajfa-5212	193	2	of	of	ADP
ajfa-5212	193	3	dimensions	dimension	NOUN
ajfa-5212	193	4	and	and	CCONJ
ajfa-5212	193	5	variables	variable	NOUN
ajfa-5212	193	6	dimensions	dimension	NOUN
ajfa-5212	193	7	attributes	attribute	VERB
ajfa-5212	193	8	variable	variable	ADJ
ajfa-5212	193	9	symbols	symbol	NOUN
ajfa-5212	193	10	lending	lending	NOUN
ajfa-5212	193	11	performance	performance	NOUN
ajfa-5212	193	12	dependent	dependent	ADJ
ajfa-5212	193	13	dummy	dummy	ADJ
ajfa-5212	193	14	variables	variable	NOUN
ajfa-5212	193	15	status_01	status_01	PROPN
ajfa-5212	193	16	,	,	PUNCT
ajfa-5212	193	17	status_02	status_02	ADJ
ajfa-5212	193	18	info	info	NOUN
ajfa-5212	193	19	(	(	PUNCT
ajfa-5212	193	20	level	level	NOUN
ajfa-5212	193	21	of	of	ADP
ajfa-5212	193	22	asymmetric	asymmetric	ADJ
ajfa-5212	193	23	information	information	NOUN
ajfa-5212	193	24	)	)	PUNCT
ajfa-5212	193	25	size	size	NOUN
ajfa-5212	193	26	info_01	info_01	PROPN
ajfa-5212	193	27	for	for	ADP
ajfa-5212	193	28	msbs	msbs	NOUN
ajfa-5212	193	29	,	,	PUNCT
ajfa-5212	193	30	info_02	info_02	PROPN
ajfa-5212	193	31	for	for	ADP
ajfa-5212	193	32	mlbs	mlbs	NOUN
ajfa-5212	193	33	existing	exist	VERB
ajfa-5212	193	34	length	length	NOUN
ajfa-5212	193	35	info_03	info_03	NOUN
ajfa-5212	193	36	company	company	NOUN
ajfa-5212	193	37	established	establish	VERB
ajfa-5212	193	38	before	before	ADP
ajfa-5212	193	39	or	or	CCONJ
ajfa-5212	193	40	after	after	ADP
ajfa-5212	193	41	1993	1993	NUM
ajfa-5212	193	42	info_04	info_04	NOUN
ajfa-5212	193	43	com	com	NOUN
ajfa-5212	193	44	(	(	PUNCT
ajfa-5212	193	45	organization	organization	NOUN
ajfa-5212	193	46	and	and	CCONJ
ajfa-5212	193	47	industry	industry	NOUN
ajfa-5212	193	48	types	type	NOUN
ajfa-5212	193	49	of	of	ADP
ajfa-5212	193	50	the	the	DET
ajfa-5212	193	51	borrowers	borrower	NOUN
ajfa-5212	193	52	)	)	PUNCT
ajfa-5212	193	53	organization	organization	NOUN
ajfa-5212	193	54	types	type	NOUN
ajfa-5212	193	55	com_01	com_01	PROPN
ajfa-5212	193	56	,	,	PUNCT
ajfa-5212	193	57	com_02	com_02	PROPN
ajfa-5212	193	58	for	for	ADP
ajfa-5212	193	59	mlbs	mlbs	PROPN
ajfa-5212	193	60	com_03	com_03	PROPN
ajfa-5212	193	61	for	for	ADP
ajfa-5212	193	62	msbs	msbs	ADJ
ajfa-5212	193	63	conglomerate	conglomerate	NOUN
ajfa-5212	193	64	com_04	com_04	PROPN
ajfa-5212	193	65	ownership	ownership	NOUN
ajfa-5212	193	66	com_05	com_05	PROPN
ajfa-5212	193	67	,	,	PUNCT
ajfa-5212	193	68	com_06	com_06	VERB
ajfa-5212	193	69	industry	industry	NOUN
ajfa-5212	193	70	classification	classification	NOUN
ajfa-5212	193	71	com_07,com_08	com_07,com_08	ADJ
ajfa-5212	193	72	com_09	com_09	PROPN
ajfa-5212	193	73	fin	fin	NOUN
ajfa-5212	193	74	(	(	PUNCT
ajfa-5212	193	75	financial	financial	ADJ
ajfa-5212	193	76	characteristics	characteristic	NOUN
ajfa-5212	193	77	of	of	ADP
ajfa-5212	193	78	the	the	DET
ajfa-5212	193	79	borrowers	borrower	NOUN
ajfa-5212	193	80	)	)	PUNCT
ajfa-5212	193	81	financial	financial	ADJ
ajfa-5212	193	82	leverage	leverage	NOUN
ajfa-5212	193	83	fin_01	fin_01	ADP
ajfa-5212	193	84	r&d	r&d	NOUN
ajfa-5212	193	85	ratio	ratio	NOUN
ajfa-5212	193	86	fin_02	fin_02	PROPN
ajfa-5212	193	87	profitability	profitability	NOUN
ajfa-5212	193	88	ratio	ratio	NOUN
ajfa-5212	193	89	fin_03	fin_03	PROPN
ajfa-5212	193	90	cash	cash	NOUN
ajfa-5212	193	91	ratio	ratio	NOUN
ajfa-5212	193	92	fin_04	fin_04	PROPN
ajfa-5212	193	93	credit	credit	NOUN
ajfa-5212	193	94	(	(	PUNCT
ajfa-5212	193	95	credit	credit	NOUN
ajfa-5212	193	96	records	record	NOUN
ajfa-5212	193	97	of	of	ADP
ajfa-5212	193	98	borrowers	borrower	NOUN
ajfa-5212	193	99	)	)	PUNCT
ajfa-5212	193	100	borrower	borrower	NOUN
ajfa-5212	193	101	with	with	ADP
ajfa-5212	193	102	or	or	CCONJ
ajfa-5212	193	103	without	without	ADP
ajfa-5212	193	104	bad	bad	ADJ
ajfa-5212	193	105	credit	credit	NOUN
ajfa-5212	193	106	record	record	NOUN
ajfa-5212	193	107	in	in	ADP
ajfa-5212	193	108	the	the	DET
ajfa-5212	193	109	past	past	NOUN
ajfa-5212	193	110	credit_01	credit_01	PUNCT
ajfa-5212	193	111	credit	credit	NOUN
ajfa-5212	193	112	score	score	NOUN
ajfa-5212	193	113	of	of	ADP
ajfa-5212	193	114	chairperson	chairperson	NOUN
ajfa-5212	193	115	credit_02	credit_02	PROPN
ajfa-5212	193	116	3.3	3.3	NUM
ajfa-5212	193	117	empirical	empirical	ADJ
ajfa-5212	193	118	model	model	NOUN
ajfa-5212	193	119	we	we	PRON
ajfa-5212	193	120	use	use	VERB
ajfa-5212	193	121	logit	logit	NOUN
ajfa-5212	193	122	regression	regression	NOUN
ajfa-5212	193	123	to	to	PART
ajfa-5212	193	124	identify	identify	VERB
ajfa-5212	193	125	the	the	DET
ajfa-5212	193	126	determinants	determinant	NOUN
ajfa-5212	193	127	of	of	ADP
ajfa-5212	193	128	lending	lending	NOUN
ajfa-5212	193	129	performance	performance	NOUN
ajfa-5212	193	130	.	.	PUNCT
ajfa-5212	194	1	we	we	PRON
ajfa-5212	194	2	examine	examine	VERB
ajfa-5212	194	3	how	how	SCONJ
ajfa-5212	194	4	the	the	DET
ajfa-5212	194	5	information	information	NOUN
ajfa-5212	194	6	asymmetry	asymmetry	NOUN
ajfa-5212	194	7	and	and	CCONJ
ajfa-5212	194	8	client	client	NOUN
ajfa-5212	194	9	credit	credit	NOUN
ajfa-5212	194	10	records	record	NOUN
ajfa-5212	194	11	of	of	ADP
ajfa-5212	194	12	the	the	DET
ajfa-5212	194	13	msbs	msbs	NOUN
ajfa-5212	194	14	and	and	CCONJ
ajfa-5212	194	15	mlbs	mlb	NOUN
ajfa-5212	194	16	impact	impact	VERB
ajfa-5212	194	17	the	the	DET
ajfa-5212	194	18	lending	lending	NOUN
ajfa-5212	194	19	performance	performance	NOUN
ajfa-5212	194	20	.	.	PUNCT
ajfa-5212	195	1	according	accord	VERB
ajfa-5212	195	2	to	to	ADP
ajfa-5212	195	3	the	the	DET
ajfa-5212	195	4	respective	respective	ADJ
ajfa-5212	195	5	impacts	impact	NOUN
ajfa-5212	195	6	of	of	ADP
ajfa-5212	195	7	corporate	corporate	ADJ
ajfa-5212	195	8	finance	finance	NOUN
ajfa-5212	195	9	and	and	CCONJ
ajfa-5212	195	10	retail	retail	ADJ
ajfa-5212	195	11	finance	finance	NOUN
ajfa-5212	195	12	,	,	PUNCT
ajfa-5212	195	13	we	we	PRON
ajfa-5212	195	14	divide	divide	VERB
ajfa-5212	195	15	the	the	DET
ajfa-5212	195	16	credit	credit	NOUN
ajfa-5212	195	17	risk	risk	NOUN
ajfa-5212	195	18	and	and	CCONJ
ajfa-5212	195	19	performance	performance	NOUN
ajfa-5212	195	20	into	into	ADP
ajfa-5212	195	21	two	two	NUM
ajfa-5212	195	22	types	type	NOUN
ajfa-5212	195	23	:	:	PUNCT
ajfa-5212	195	24	one	one	NUM
ajfa-5212	195	25	is	be	AUX
ajfa-5212	195	26	impacted	impact	VERB
ajfa-5212	195	27	by	by	ADP
ajfa-5212	195	28	corporate	corporate	ADJ
ajfa-5212	195	29	finance	finance	NOUN
ajfa-5212	195	30	referred	refer	VERB
ajfa-5212	195	31	to	to	ADP
ajfa-5212	195	32	as	as	ADP
ajfa-5212	195	33	with	with	ADP
ajfa-5212	195	34	or	or	CCONJ
ajfa-5212	195	35	without	without	ADP
ajfa-5212	195	36	“	"	PUNCT
ajfa-5212	195	37	wobd	wobd	NOUN
ajfa-5212	195	38	”	"	PUNCT
ajfa-5212	195	39	,	,	PUNCT
ajfa-5212	195	40	the	the	DET
ajfa-5212	195	41	other	other	ADJ
ajfa-5212	195	42	is	be	AUX
ajfa-5212	195	43	impacted	impact	VERB
ajfa-5212	195	44	by	by	ADP
ajfa-5212	195	45	retail	retail	ADJ
ajfa-5212	195	46	finance	finance	NOUN
ajfa-5212	195	47	,	,	PUNCT
ajfa-5212	195	48	and	and	CCONJ
ajfa-5212	195	49	is	be	AUX
ajfa-5212	195	50	referred	refer	VERB
ajfa-5212	195	51	to	to	ADP
ajfa-5212	195	52	as	as	ADP
ajfa-5212	195	53	with	with	ADP
ajfa-5212	195	54	or	or	CCONJ
ajfa-5212	195	55	without	without	ADP
ajfa-5212	195	56	“	"	PUNCT
ajfa-5212	195	57	hccl	hccl	PROPN
ajfa-5212	195	58	”	"	PUNCT
ajfa-5212	195	59	.	.	PUNCT
ajfa-5212	196	1	we	we	PRON
ajfa-5212	196	2	develop	develop	VERB
ajfa-5212	196	3	a	a	DET
ajfa-5212	196	4	separate	separate	ADJ
ajfa-5212	196	5	model	model	NOUN
ajfa-5212	196	6	to	to	PART
ajfa-5212	196	7	perform	perform	VERB
ajfa-5212	196	8	the	the	DET
ajfa-5212	196	9	empirical	empirical	ADJ
ajfa-5212	196	10	testing	testing	NOUN
ajfa-5212	196	11	.	.	PUNCT
ajfa-5212	197	1	when	when	SCONJ
ajfa-5212	197	2	using	use	VERB
ajfa-5212	197	3	the	the	DET
ajfa-5212	197	4	with	with	ADP
ajfa-5212	197	5	or	or	CCONJ
ajfa-5212	197	6	without	without	ADP
ajfa-5212	197	7	“	"	PUNCT
ajfa-5212	197	8	wobd	wobd	NOUN
ajfa-5212	197	9	”	"	PUNCT
ajfa-5212	197	10	model	model	NOUN
ajfa-5212	197	11	,	,	PUNCT
ajfa-5212	197	12	the	the	DET
ajfa-5212	197	13	sample	sample	NOUN
ajfa-5212	197	14	borrowers	borrower	NOUN
ajfa-5212	197	15	are	be	AUX
ajfa-5212	197	16	selected	select	VERB
ajfa-5212	197	17	from	from	ADP
ajfa-5212	197	18	the	the	DET
ajfa-5212	197	19	corresponding	correspond	VERB
ajfa-5212	197	20	banks	bank	NOUN
ajfa-5212	197	21	.	.	PUNCT
ajfa-5212	198	1	if	if	SCONJ
ajfa-5212	198	2	the	the	DET
ajfa-5212	198	3	sample	sample	NOUN
ajfa-5212	198	4	firms	firm	NOUN
ajfa-5212	198	5	borrow	borrow	VERB
ajfa-5212	198	6	from	from	ADP
ajfa-5212	198	7	the	the	DET
ajfa-5212	198	8	bank	bank	NOUN
ajfa-5212	198	9	with	with	ADP
ajfa-5212	198	10	“	"	PUNCT
ajfa-5212	198	11	wobd	wobd	NOUN
ajfa-5212	198	12	”	"	PUNCT
ajfa-5212	198	13	,	,	PUNCT
ajfa-5212	198	14	the	the	DET
ajfa-5212	198	15	value	value	NOUN
ajfa-5212	198	16	of	of	ADP
ajfa-5212	198	17	the	the	DET
ajfa-5212	198	18	dependent	dependent	ADJ
ajfa-5212	198	19	variable	variable	NOUN
ajfa-5212	198	20	of	of	ADP
ajfa-5212	198	21	the	the	DET
ajfa-5212	198	22	empirical	empirical	ADJ
ajfa-5212	198	23	logit	logit	PROPN
ajfa-5212	198	24	model	model	NOUN
ajfa-5212	198	25	is	be	AUX
ajfa-5212	198	26	1	1	NUM
ajfa-5212	198	27	,	,	PUNCT
ajfa-5212	198	28	otherwise	otherwise	ADV
ajfa-5212	198	29	it	it	PRON
ajfa-5212	198	30	is	be	AUX
ajfa-5212	198	31	022	022	NUM
ajfa-5212	198	32	.	.	PUNCT
ajfa-5212	199	1	the	the	DET
ajfa-5212	199	2	same	same	ADJ
ajfa-5212	199	3	principles	principle	NOUN
ajfa-5212	199	4	apply	apply	VERB
ajfa-5212	199	5	to	to	ADP
ajfa-5212	199	6	with	with	ADP
ajfa-5212	199	7	or	or	CCONJ
ajfa-5212	199	8	without	without	ADP
ajfa-5212	199	9	“	"	PUNCT
ajfa-5212	199	10	hccl	hccl	PROPN
ajfa-5212	199	11	”	"	PUNCT
ajfa-5212	199	12	model	model	NOUN
ajfa-5212	199	13	.	.	PUNCT
ajfa-5212	200	1	if	if	SCONJ
ajfa-5212	200	2	the	the	DET
ajfa-5212	200	3	sample	sample	NOUN
ajfa-5212	200	4	data	datum	NOUN
ajfa-5212	200	5	are	be	AUX
ajfa-5212	200	6	from	from	ADP
ajfa-5212	200	7	a	a	DET
ajfa-5212	200	8	bank	bank	NOUN
ajfa-5212	200	9	with	with	ADP
ajfa-5212	200	10	“	"	PUNCT
ajfa-5212	200	11	hccl	hccl	PROPN
ajfa-5212	200	12	”	"	PUNCT
ajfa-5212	200	13	,	,	PUNCT
ajfa-5212	200	14	the	the	DET
ajfa-5212	200	15	value	value	NOUN
ajfa-5212	200	16	of	of	ADP
ajfa-5212	200	17	the	the	DET
ajfa-5212	200	18	dependent	dependent	ADJ
ajfa-5212	200	19	variable	variable	NOUN
ajfa-5212	200	20	of	of	ADP
ajfa-5212	200	21	the	the	DET
ajfa-5212	200	22	empirical	empirical	ADJ
ajfa-5212	200	23	logit	logit	PROPN
ajfa-5212	200	24	model	model	NOUN
ajfa-5212	200	25	is	be	AUX
ajfa-5212	200	26	1	1	NUM
ajfa-5212	200	27	,	,	PUNCT
ajfa-5212	200	28	otherwise	otherwise	ADV
ajfa-5212	200	29	it	it	PRON
ajfa-5212	200	30	is	be	AUX
ajfa-5212	200	31	0	0	NUM
ajfa-5212	200	32	.	.	PUNCT
ajfa-5212	201	1	this	this	DET
ajfa-5212	201	2	study	study	NOUN
ajfa-5212	201	3	not	not	PART
ajfa-5212	201	4	only	only	ADV
ajfa-5212	201	5	considers	consider	VERB
ajfa-5212	201	6	the	the	DET
ajfa-5212	201	7	difference	difference	NOUN
ajfa-5212	201	8	in	in	ADP
ajfa-5212	201	9	lending	lending	NOUN
ajfa-5212	201	10	performance	performance	NOUN
ajfa-5212	201	11	but	but	CCONJ
ajfa-5212	201	12	also	also	ADV
ajfa-5212	201	13	considers	consider	VERB
ajfa-5212	201	14	a	a	DET
ajfa-5212	201	15	firm	firm	NOUN
ajfa-5212	201	16	’s	’s	PART
ajfa-5212	201	17	scale	scale	NOUN
ajfa-5212	201	18	,	,	PUNCT
ajfa-5212	201	19	because	because	SCONJ
ajfa-5212	201	20	the	the	DET
ajfa-5212	201	21	attributes	attribute	NOUN
ajfa-5212	201	22	of	of	ADP
ajfa-5212	201	23	the	the	DET
ajfa-5212	201	24	msbs	msbs	NOUN
ajfa-5212	201	25	and	and	CCONJ
ajfa-5212	201	26	mlbs	mlb	NOUN
ajfa-5212	201	27	that	that	PRON
ajfa-5212	201	28	exist	exist	VERB
ajfa-5212	201	29	are	be	AUX
ajfa-5212	201	30	obviously	obviously	ADV
ajfa-5212	201	31	different	different	ADJ
ajfa-5212	201	32	(	(	PUNCT
ajfa-5212	201	33	kuo	kuo	PROPN
ajfa-5212	201	34	and	and	CCONJ
ajfa-5212	201	35	chen	chen	PROPN
ajfa-5212	201	36	,	,	PUNCT
ajfa-5212	201	37	2012	2012	NUM
ajfa-5212	201	38	.	.	PUNCT
ajfa-5212	201	39	)	)	PUNCT
ajfa-5212	201	40	.	.	PUNCT
ajfa-5212	202	1	because	because	SCONJ
ajfa-5212	202	2	of	of	ADP
ajfa-5212	202	3	this	this	PRON
ajfa-5212	202	4	,	,	PUNCT
ajfa-5212	202	5	we	we	PRON
ajfa-5212	202	6	develop	develop	VERB
ajfa-5212	202	7	two	two	NUM
ajfa-5212	202	8	models	model	NOUN
ajfa-5212	202	9	to	to	PART
ajfa-5212	202	10	be	be	AUX
ajfa-5212	202	11	applied	apply	VERB
ajfa-5212	202	12	for	for	ADP
ajfa-5212	202	13	msbs	msbs	NOUN
ajfa-5212	202	14	and	and	CCONJ
ajfa-5212	202	15	mlbs	mlb	NOUN
ajfa-5212	202	16	.	.	PUNCT
ajfa-5212	203	1	the	the	DET
ajfa-5212	203	2	empirical	empirical	ADJ
ajfa-5212	203	3	logit	logit	NOUN
ajfa-5212	203	4	models	model	NOUN
ajfa-5212	203	5	are	be	AUX
ajfa-5212	203	6	demonstrated	demonstrate	VERB
ajfa-5212	203	7	as	as	ADP
ajfa-5212	203	8	formulas	formula	NOUN
ajfa-5212	203	9	(	(	PUNCT
ajfa-5212	203	10	1	1	NUM
ajfa-5212	203	11	)	)	PUNCT
ajfa-5212	203	12	and	and	CCONJ
ajfa-5212	203	13	(	(	PUNCT
ajfa-5212	203	14	2	2	NUM
ajfa-5212	203	15	)	)	PUNCT
ajfa-5212	203	16	.	.	PUNCT
ajfa-5212	204	1	asian	asian	ADJ
ajfa-5212	204	2	journal	journal	PROPN
ajfa-5212	204	3	of	of	ADP
ajfa-5212	204	4	finance	finance	PROPN
ajfa-5212	204	5	&	&	CCONJ
ajfa-5212	204	6	accounting	accounting	PROPN
ajfa-5212	204	7	issn	issn	PROPN
ajfa-5212	204	8	1946	1946	NUM
ajfa-5212	204	9	-	-	PUNCT
ajfa-5212	204	10	052x	052x	PROPN
ajfa-5212	204	11	2014	2014	NUM
ajfa-5212	204	12	,	,	PUNCT
ajfa-5212	204	13	vol	vol	NOUN
ajfa-5212	204	14	.	.	PROPN
ajfa-5212	204	15	6	6	NUM
ajfa-5212	204	16	,	,	PUNCT
ajfa-5212	204	17	no	no	INTJ
ajfa-5212	204	18	.	.	NOUN
ajfa-5212	204	19	1	1	NUM
ajfa-5212	204	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	204	21	185	185	NUM
ajfa-5212	204	22	ln[p	ln[p	NOUN
ajfa-5212	204	23	(	(	PUNCT
ajfa-5212	204	24	status)x/(1	status)x/(1	NOUN
ajfa-5212	204	25	-	-	PUNCT
ajfa-5212	204	26	p(status)x)]=	p(status)x)]=	NOUN
ajfa-5212	204	27	0β	0β	NOUN
ajfa-5212	204	28	+	+	CCONJ
ajfa-5212	205	1	iinfo	iinfo	PROPN
ajfa-5212	205	2	m	m	VERB
ajfa-5212	205	3	i	i	PRON
ajfa-5212	205	4	i	i	PROPN
ajfa-5212	205	5	=	=	NOUN
ajfa-5212	205	6	1	1	NUM
ajfa-5212	205	7	β	β	X
ajfa-5212	206	1	+	+	CCONJ
ajfa-5212	206	2	j	j	PROPN
ajfa-5212	206	3	n	n	CCONJ
ajfa-5212	206	4	j	j	PROPN
ajfa-5212	206	5	jcom	jcom	NOUN
ajfa-5212	206	6	=	=	PROPN
ajfa-5212	206	7	1	1	NUM
ajfa-5212	206	8	γ	γ	X
ajfa-5212	206	9	+	+	NOUN
ajfa-5212	206	10			X
ajfa-5212	206	11	=	=	PUNCT
ajfa-5212	206	12	p	p	X
ajfa-5212	206	13	l	l	NOUN
ajfa-5212	206	14	l	l	NOUN
ajfa-5212	206	15	lcredit	lcredit	NOUN
ajfa-5212	206	16	1	1	NUM
ajfa-5212	206	17	ϕ	ϕ	NOUN
ajfa-5212	206	18	(	(	PUNCT
ajfa-5212	206	19	1	1	NUM
ajfa-5212	206	20	)	)	PUNCT
ajfa-5212	206	21	ln[p(status	ln[p(status	PROPN
ajfa-5212	206	22	)	)	PUNCT
ajfa-5212	206	23	z/(1	z/(1	NOUN
ajfa-5212	206	24	-	-	PUNCT
ajfa-5212	206	25	p(status)z)]=	p(status)z)]=	NOUN
ajfa-5212	206	26	0β	0β	NOUN
ajfa-5212	206	27	+	+	CCONJ
ajfa-5212	207	1	iinfo	iinfo	PROPN
ajfa-5212	207	2	m	m	VERB
ajfa-5212	207	3	i	i	PRON
ajfa-5212	207	4	i	i	PROPN
ajfa-5212	207	5	=	=	NOUN
ajfa-5212	207	6	1	1	NUM
ajfa-5212	207	7	β	β	X
ajfa-5212	207	8	+	+	CCONJ
ajfa-5212	207	9	j	j	PROPN
ajfa-5212	207	10	n	n	CCONJ
ajfa-5212	207	11	j	j	PROPN
ajfa-5212	208	1	jcom	jcom	NOUN
ajfa-5212	208	2	=	=	PROPN
ajfa-5212	208	3	1	1	NUM
ajfa-5212	208	4	γ	γ	X
ajfa-5212	208	5	+	+	X
ajfa-5212	209	1	k	k	PROPN
ajfa-5212	209	2	o	o	X
ajfa-5212	209	3	k	k	PROPN
ajfa-5212	209	4	k	k	X
ajfa-5212	209	5	fin	fin	PROPN
ajfa-5212	209	6	=	=	NOUN
ajfa-5212	209	7	1	1	NUM
ajfa-5212	209	8	φ	φ	NOUN
ajfa-5212	209	9	+	+	PROPN
ajfa-5212	209	10			X
ajfa-5212	209	11	=	=	PUNCT
ajfa-5212	209	12	p	p	NOUN
ajfa-5212	209	13	l	l	NOUN
ajfa-5212	209	14	l	l	NOUN
ajfa-5212	209	15	lcredit	lcredit	NOUN
ajfa-5212	209	16	1	1	NUM
ajfa-5212	209	17	ϕ	ϕ	NOUN
ajfa-5212	209	18	(	(	PUNCT
ajfa-5212	209	19	2	2	NUM
ajfa-5212	209	20	)	)	PUNCT
ajfa-5212	209	21	formula	formula	NOUN
ajfa-5212	209	22	(	(	PUNCT
ajfa-5212	209	23	1	1	X
ajfa-5212	209	24	)	)	PUNCT
ajfa-5212	209	25	depicts	depict	VERB
ajfa-5212	209	26	the	the	DET
ajfa-5212	209	27	factors	factor	NOUN
ajfa-5212	209	28	impacting	impact	VERB
ajfa-5212	209	29	the	the	DET
ajfa-5212	209	30	lending	lending	NOUN
ajfa-5212	209	31	performance	performance	NOUN
ajfa-5212	209	32	in	in	ADP
ajfa-5212	209	33	relation	relation	NOUN
ajfa-5212	209	34	to	to	ADP
ajfa-5212	209	35	msbs	msbs	NOUN
ajfa-5212	209	36	,	,	PUNCT
ajfa-5212	209	37	while	while	SCONJ
ajfa-5212	209	38	formula	formula	NOUN
ajfa-5212	209	39	(	(	PUNCT
ajfa-5212	209	40	2	2	X
ajfa-5212	209	41	)	)	PUNCT
ajfa-5212	209	42	also	also	ADV
ajfa-5212	209	43	depicts	depict	VERB
ajfa-5212	209	44	the	the	DET
ajfa-5212	209	45	factors	factor	NOUN
ajfa-5212	209	46	impacting	impact	VERB
ajfa-5212	209	47	the	the	DET
ajfa-5212	209	48	lending	lending	NOUN
ajfa-5212	209	49	performance	performance	NOUN
ajfa-5212	209	50	in	in	ADP
ajfa-5212	209	51	regard	regard	NOUN
ajfa-5212	209	52	to	to	ADP
ajfa-5212	209	53	mlbs	mlbs	NOUN
ajfa-5212	209	54	.	.	PUNCT
ajfa-5212	210	1	both	both	DET
ajfa-5212	210	2	formulas	formula	NOUN
ajfa-5212	210	3	include	include	VERB
ajfa-5212	210	4	the	the	DET
ajfa-5212	210	5	dimensions	dimension	NOUN
ajfa-5212	210	6	of	of	ADP
ajfa-5212	210	7	info	info	NOUN
ajfa-5212	210	8	(	(	PUNCT
ajfa-5212	210	9	level	level	NOUN
ajfa-5212	210	10	of	of	ADP
ajfa-5212	210	11	information	information	NOUN
ajfa-5212	210	12	asymmetry	asymmetry	NOUN
ajfa-5212	210	13	)	)	PUNCT
ajfa-5212	210	14	,	,	PUNCT
ajfa-5212	210	15	com	com	NOUN
ajfa-5212	210	16	(	(	PUNCT
ajfa-5212	210	17	organization	organization	NOUN
ajfa-5212	210	18	and	and	CCONJ
ajfa-5212	210	19	industry	industry	NOUN
ajfa-5212	210	20	types	type	NOUN
ajfa-5212	210	21	)	)	PUNCT
ajfa-5212	210	22	and	and	CCONJ
ajfa-5212	210	23	credit	credit	NOUN
ajfa-5212	210	24	(	(	PUNCT
ajfa-5212	210	25	credit	credit	NOUN
ajfa-5212	210	26	records	record	NOUN
ajfa-5212	210	27	of	of	ADP
ajfa-5212	210	28	borrowers	borrower	NOUN
ajfa-5212	210	29	)	)	PUNCT
ajfa-5212	210	30	,	,	PUNCT
ajfa-5212	210	31	but	but	CCONJ
ajfa-5212	210	32	only	only	ADV
ajfa-5212	210	33	formula	formula	NOUN
ajfa-5212	210	34	(	(	PUNCT
ajfa-5212	210	35	2	2	NUM
ajfa-5212	210	36	)	)	PUNCT
ajfa-5212	210	37	for	for	ADP
ajfa-5212	210	38	mlbs	mlb	NOUN
ajfa-5212	210	39	includes	include	VERB
ajfa-5212	210	40	the	the	DET
ajfa-5212	210	41	dimension	dimension	NOUN
ajfa-5212	210	42	of	of	ADP
ajfa-5212	210	43	fin	fin	NOUN
ajfa-5212	210	44	(	(	PUNCT
ajfa-5212	210	45	financial	financial	ADJ
ajfa-5212	210	46	characteristic	characteristic	NOUN
ajfa-5212	210	47	of	of	ADP
ajfa-5212	210	48	borrowers	borrower	NOUN
ajfa-5212	210	49	)	)	PUNCT
ajfa-5212	210	50	.	.	PUNCT
ajfa-5212	211	1	the	the	DET
ajfa-5212	211	2	variables	variable	NOUN
ajfa-5212	211	3	are	be	AUX
ajfa-5212	211	4	described	describe	VERB
ajfa-5212	211	5	in	in	ADP
ajfa-5212	211	6	table	table	NOUN
ajfa-5212	211	7	1	1	NUM
ajfa-5212	211	8	.	.	NOUN
ajfa-5212	212	1	4	4	NUM
ajfa-5212	212	2	.	.	X
ajfa-5212	212	3	empirical	empirical	ADJ
ajfa-5212	212	4	results	result	NOUN
ajfa-5212	212	5	we	we	PRON
ajfa-5212	212	6	will	will	AUX
ajfa-5212	212	7	summarize	summarize	VERB
ajfa-5212	212	8	the	the	DET
ajfa-5212	212	9	empirical	empirical	ADJ
ajfa-5212	212	10	testing	testing	NOUN
ajfa-5212	212	11	process	process	NOUN
ajfa-5212	212	12	over	over	ADP
ajfa-5212	212	13	the	the	DET
ajfa-5212	212	14	next	next	ADJ
ajfa-5212	212	15	three	three	NUM
ajfa-5212	212	16	subsections	subsection	NOUN
ajfa-5212	212	17	.	.	PUNCT
ajfa-5212	213	1	first	first	ADV
ajfa-5212	213	2	,	,	PUNCT
ajfa-5212	213	3	we	we	PRON
ajfa-5212	213	4	use	use	VERB
ajfa-5212	213	5	the	the	DET
ajfa-5212	213	6	t	t	NOUN
ajfa-5212	213	7	-	-	PUNCT
ajfa-5212	213	8	test	test	NOUN
ajfa-5212	213	9	and	and	CCONJ
ajfa-5212	213	10	non	non	ADJ
ajfa-5212	213	11	-	-	ADJ
ajfa-5212	213	12	parametric	parametric	ADJ
ajfa-5212	213	13	wilcoxon	wilcoxon	ADJ
ajfa-5212	213	14	rank	rank	NOUN
ajfa-5212	213	15	-	-	PUNCT
ajfa-5212	213	16	sum	sum	NOUN
ajfa-5212	213	17	test	test	NOUN
ajfa-5212	213	18	to	to	PART
ajfa-5212	213	19	verify	verify	VERB
ajfa-5212	213	20	whether	whether	SCONJ
ajfa-5212	213	21	the	the	DET
ajfa-5212	213	22	mean	mean	NOUN
ajfa-5212	213	23	and	and	CCONJ
ajfa-5212	213	24	median	median	NOUN
ajfa-5212	213	25	are	be	AUX
ajfa-5212	213	26	significantly	significantly	ADV
ajfa-5212	213	27	different	different	ADJ
ajfa-5212	213	28	from	from	ADP
ajfa-5212	213	29	the	the	DET
ajfa-5212	213	30	perspectives	perspective	NOUN
ajfa-5212	213	31	of	of	ADP
ajfa-5212	213	32	information	information	NOUN
ajfa-5212	213	33	asymmetry	asymmetry	NOUN
ajfa-5212	213	34	and	and	CCONJ
ajfa-5212	213	35	client	client	NOUN
ajfa-5212	213	36	credit	credit	NOUN
ajfa-5212	213	37	in	in	ADP
ajfa-5212	213	38	banks	bank	NOUN
ajfa-5212	213	39	with	with	ADP
ajfa-5212	213	40	and	and	CCONJ
ajfa-5212	213	41	without	without	ADP
ajfa-5212	213	42	“	"	PUNCT
ajfa-5212	213	43	wobd	wobd	NOUN
ajfa-5212	213	44	”	"	PUNCT
ajfa-5212	213	45	and	and	CCONJ
ajfa-5212	213	46	“	"	PUNCT
ajfa-5212	213	47	hccl	hccl	PROPN
ajfa-5212	213	48	”	"	PUNCT
ajfa-5212	213	49	.	.	PUNCT
ajfa-5212	214	1	as	as	SCONJ
ajfa-5212	214	2	mentioned	mention	VERB
ajfa-5212	214	3	earlier	early	ADV
ajfa-5212	214	4	,	,	PUNCT
ajfa-5212	214	5	we	we	PRON
ajfa-5212	214	6	divide	divide	VERB
ajfa-5212	214	7	borrowers	borrower	NOUN
ajfa-5212	214	8	into	into	ADP
ajfa-5212	214	9	msbs	msbs	NOUN
ajfa-5212	214	10	and	and	CCONJ
ajfa-5212	214	11	mlbs	mlb	NOUN
ajfa-5212	214	12	and	and	CCONJ
ajfa-5212	214	13	discuss	discuss	VERB
ajfa-5212	214	14	each	each	DET
ajfa-5212	214	15	one	one	NOUN
ajfa-5212	214	16	separately	separately	ADV
ajfa-5212	214	17	.	.	PUNCT
ajfa-5212	215	1	in	in	ADP
ajfa-5212	215	2	the	the	DET
ajfa-5212	215	3	second	second	ADJ
ajfa-5212	215	4	and	and	CCONJ
ajfa-5212	215	5	third	third	ADJ
ajfa-5212	215	6	sections	section	NOUN
ajfa-5212	215	7	,	,	PUNCT
ajfa-5212	215	8	we	we	PRON
ajfa-5212	215	9	discuss	discuss	VERB
ajfa-5212	215	10	how	how	SCONJ
ajfa-5212	215	11	the	the	DET
ajfa-5212	215	12	borrowers	borrower	NOUN
ajfa-5212	215	13	with	with	ADP
ajfa-5212	215	14	their	their	PRON
ajfa-5212	215	15	own	own	ADJ
ajfa-5212	215	16	advantage	advantage	NOUN
ajfa-5212	215	17	or	or	CCONJ
ajfa-5212	215	18	situation	situation	NOUN
ajfa-5212	215	19	build	build	VERB
ajfa-5212	215	20	relationships	relationship	NOUN
ajfa-5212	215	21	with	with	ADP
ajfa-5212	215	22	banks	bank	NOUN
ajfa-5212	215	23	with	with	ADP
ajfa-5212	215	24	different	different	ADJ
ajfa-5212	215	25	levels	level	NOUN
ajfa-5212	215	26	of	of	ADP
ajfa-5212	215	27	credit	credit	NOUN
ajfa-5212	215	28	risk	risk	NOUN
ajfa-5212	215	29	and	and	CCONJ
ajfa-5212	215	30	lending	lending	NOUN
ajfa-5212	215	31	performance	performance	NOUN
ajfa-5212	215	32	.	.	PUNCT
ajfa-5212	216	1	to	to	PART
ajfa-5212	216	2	be	be	AUX
ajfa-5212	216	3	specific	specific	ADJ
ajfa-5212	216	4	,	,	PUNCT
ajfa-5212	216	5	we	we	PRON
ajfa-5212	216	6	regard	regard	VERB
ajfa-5212	216	7	banks	bank	NOUN
ajfa-5212	216	8	with	with	ADP
ajfa-5212	216	9	“	"	PUNCT
ajfa-5212	216	10	wobd	wobd	NOUN
ajfa-5212	216	11	”	"	PUNCT
ajfa-5212	216	12	and	and	CCONJ
ajfa-5212	216	13	“	"	PUNCT
ajfa-5212	216	14	hccl	hccl	PROPN
ajfa-5212	216	15	”	"	PUNCT
ajfa-5212	216	16	as	as	ADP
ajfa-5212	216	17	banks	bank	NOUN
ajfa-5212	216	18	with	with	ADP
ajfa-5212	216	19	low	low	ADJ
ajfa-5212	216	20	performance	performance	NOUN
ajfa-5212	216	21	and	and	CCONJ
ajfa-5212	216	22	high	high	ADJ
ajfa-5212	216	23	credit	credit	NOUN
ajfa-5212	216	24	risk	risk	NOUN
ajfa-5212	216	25	.	.	PUNCT
ajfa-5212	217	1	our	our	PRON
ajfa-5212	217	2	control	control	NOUN
ajfa-5212	217	3	sample	sample	NOUN
ajfa-5212	217	4	consists	consist	VERB
ajfa-5212	217	5	of	of	ADP
ajfa-5212	217	6	banks	bank	NOUN
ajfa-5212	217	7	without	without	ADP
ajfa-5212	217	8	“	"	PUNCT
ajfa-5212	217	9	wobd	wobd	NOUN
ajfa-5212	217	10	”	"	PUNCT
ajfa-5212	217	11	and	and	CCONJ
ajfa-5212	217	12	“	"	PUNCT
ajfa-5212	217	13	hccl	hccl	PROPN
ajfa-5212	217	14	”	"	PUNCT
ajfa-5212	217	15	and	and	CCONJ
ajfa-5212	217	16	with	with	ADP
ajfa-5212	217	17	high	high	ADJ
ajfa-5212	217	18	performance	performance	NOUN
ajfa-5212	217	19	and	and	CCONJ
ajfa-5212	217	20	low	low	ADJ
ajfa-5212	217	21	credit	credit	NOUN
ajfa-5212	217	22	risk	risk	NOUN
ajfa-5212	217	23	.	.	PUNCT
ajfa-5212	218	1	we	we	PRON
ajfa-5212	218	2	use	use	VERB
ajfa-5212	218	3	a	a	DET
ajfa-5212	218	4	logit	logit	NOUN
ajfa-5212	218	5	model	model	NOUN
ajfa-5212	218	6	to	to	PART
ajfa-5212	218	7	investigate	investigate	VERB
ajfa-5212	218	8	whether	whether	SCONJ
ajfa-5212	218	9	the	the	DET
ajfa-5212	218	10	borrowers	borrower	NOUN
ajfa-5212	218	11	'	'	PART
ajfa-5212	218	12	information	information	NOUN
ajfa-5212	218	13	asymmetry	asymmetry	NOUN
ajfa-5212	218	14	and	and	CCONJ
ajfa-5212	218	15	credit	credit	NOUN
ajfa-5212	218	16	records	record	NOUN
ajfa-5212	218	17	contain	contain	VERB
ajfa-5212	218	18	statistically	statistically	ADV
ajfa-5212	218	19	significant	significant	ADJ
ajfa-5212	218	20	differences	difference	NOUN
ajfa-5212	218	21	between	between	ADP
ajfa-5212	218	22	banks	bank	NOUN
ajfa-5212	218	23	with	with	ADP
ajfa-5212	218	24	and	and	CCONJ
ajfa-5212	218	25	without	without	ADP
ajfa-5212	218	26	“	"	PUNCT
ajfa-5212	218	27	wobd	wobd	NOUN
ajfa-5212	218	28	”	"	PUNCT
ajfa-5212	218	29	and	and	CCONJ
ajfa-5212	218	30	“	"	PUNCT
ajfa-5212	218	31	hccl	hccl	PROPN
ajfa-5212	218	32	”	"	PUNCT
ajfa-5212	218	33	.	.	PUNCT
ajfa-5212	219	1	4.1	4.1	NUM
ajfa-5212	219	2	whether	whether	SCONJ
ajfa-5212	219	3	or	or	CCONJ
ajfa-5212	219	4	not	not	PART
ajfa-5212	219	5	the	the	DET
ajfa-5212	219	6	borrowers	borrower	NOUN
ajfa-5212	219	7	are	be	AUX
ajfa-5212	219	8	significantly	significantly	ADV
ajfa-5212	219	9	different	different	ADJ
ajfa-5212	219	10	4.1.1	4.1.1	NUM
ajfa-5212	219	11	comparisons	comparison	NOUN
ajfa-5212	219	12	among	among	ADP
ajfa-5212	219	13	msbs	msbs	ADJ
ajfa-5212	219	14	table	table	NOUN
ajfa-5212	220	1	2	2	NUM
ajfa-5212	220	2	displays	display	VERB
ajfa-5212	220	3	the	the	DET
ajfa-5212	220	4	findings	finding	NOUN
ajfa-5212	220	5	that	that	PRON
ajfa-5212	220	6	banks	bank	NOUN
ajfa-5212	220	7	with	with	ADP
ajfa-5212	220	8	“	"	PUNCT
ajfa-5212	220	9	wobd	wobd	NOUN
ajfa-5212	220	10	”	"	PUNCT
ajfa-5212	220	11	and	and	CCONJ
ajfa-5212	220	12	“	"	PUNCT
ajfa-5212	220	13	hccl	hccl	PROPN
ajfa-5212	220	14	”	"	PUNCT
ajfa-5212	220	15	prefer	prefer	VERB
ajfa-5212	220	16	dealing	deal	VERB
ajfa-5212	220	17	with	with	ADP
ajfa-5212	220	18	msbs	msbs	NOUN
ajfa-5212	220	19	that	that	PRON
ajfa-5212	220	20	are	be	AUX
ajfa-5212	220	21	relatively	relatively	ADV
ajfa-5212	220	22	large	large	ADJ
ajfa-5212	220	23	in	in	ADP
ajfa-5212	220	24	scale	scale	NOUN
ajfa-5212	220	25	.	.	PUNCT
ajfa-5212	221	1	the	the	DET
ajfa-5212	221	2	average	average	ADJ
ajfa-5212	221	3	capital	capital	NOUN
ajfa-5212	221	4	ranges	range	VERB
ajfa-5212	221	5	between	between	ADP
ajfa-5212	221	6	nt$0.028	nt$0.028	PROPN
ajfa-5212	221	7	billion	billion	NUM
ajfa-5212	221	8	and	and	CCONJ
ajfa-5212	221	9	nt$0.033	nt$0.033	PROPN
ajfa-5212	221	10	billion	billion	NUM
ajfa-5212	221	11	,	,	PUNCT
ajfa-5212	221	12	which	which	PRON
ajfa-5212	221	13	is	be	AUX
ajfa-5212	221	14	significantly	significantly	ADV
ajfa-5212	221	15	higher	high	ADJ
ajfa-5212	221	16	than	than	ADP
ajfa-5212	221	17	the	the	DET
ajfa-5212	221	18	controlled	control	VERB
ajfa-5212	221	19	samples23	samples23	NOUN
ajfa-5212	221	20	with	with	ADP
ajfa-5212	221	21	between	between	ADP
ajfa-5212	221	22	nt$0.017	nt$0.017	PROPN
ajfa-5212	221	23	billion	billion	NUM
ajfa-5212	221	24	and	and	CCONJ
ajfa-5212	221	25	nt$0.018	nt$0.018	NOUN
ajfa-5212	221	26	billion	billion	NUM
ajfa-5212	221	27	at	at	ADP
ajfa-5212	221	28	the	the	DET
ajfa-5212	221	29	1	1	NUM
ajfa-5212	221	30	%	%	NOUN
ajfa-5212	221	31	level	level	NOUN
ajfa-5212	221	32	.	.	PUNCT
ajfa-5212	222	1	compared	compare	VERB
ajfa-5212	222	2	with	with	ADP
ajfa-5212	222	3	factors	factor	NOUN
ajfa-5212	222	4	for	for	ADP
ajfa-5212	222	5	the	the	DET
ajfa-5212	222	6	length	length	NOUN
ajfa-5212	222	7	of	of	ADP
ajfa-5212	222	8	time	time	NOUN
ajfa-5212	222	9	in	in	ADP
ajfa-5212	222	10	existence	existence	NOUN
ajfa-5212	222	11	(	(	PUNCT
ajfa-5212	222	12	in	in	ADP
ajfa-5212	222	13	months	month	NOUN
ajfa-5212	222	14	)	)	PUNCT
ajfa-5212	222	15	and	and	CCONJ
ajfa-5212	222	16	the	the	DET
ajfa-5212	222	17	year	year	NOUN
ajfa-5212	222	18	of	of	ADP
ajfa-5212	222	19	establishment	establishment	NOUN
ajfa-5212	222	20	,	,	PUNCT
ajfa-5212	222	21	we	we	PRON
ajfa-5212	222	22	find	find	VERB
ajfa-5212	222	23	that	that	SCONJ
ajfa-5212	222	24	banks	bank	NOUN
ajfa-5212	222	25	with	with	ADP
ajfa-5212	222	26	“	"	PUNCT
ajfa-5212	222	27	wobd	wobd	NOUN
ajfa-5212	222	28	”	"	PUNCT
ajfa-5212	222	29	prefer	prefer	VERB
ajfa-5212	222	30	building	building	NOUN
ajfa-5212	222	31	relationships	relationship	NOUN
ajfa-5212	222	32	with	with	ADP
ajfa-5212	222	33	msbs	msbs	NOUN
ajfa-5212	222	34	characterized	characterize	VERB
ajfa-5212	222	35	by	by	ADP
ajfa-5212	222	36	longer	long	ADJ
ajfa-5212	222	37	lengths	length	NOUN
ajfa-5212	222	38	of	of	ADP
ajfa-5212	222	39	time	time	NOUN
ajfa-5212	222	40	in	in	ADP
ajfa-5212	222	41	existence	existence	NOUN
ajfa-5212	222	42	.	.	PUNCT
ajfa-5212	223	1	banks	bank	NOUN
ajfa-5212	223	2	with	with	ADP
ajfa-5212	223	3	“	"	PUNCT
ajfa-5212	223	4	hccl	hccl	PROPN
ajfa-5212	223	5	”	"	PUNCT
ajfa-5212	223	6	show	show	VERB
ajfa-5212	223	7	no	no	DET
ajfa-5212	223	8	significant	significant	ADJ
ajfa-5212	223	9	differences	difference	NOUN
ajfa-5212	223	10	in	in	ADP
ajfa-5212	223	11	this	this	DET
ajfa-5212	223	12	respect	respect	NOUN
ajfa-5212	223	13	.	.	PUNCT
ajfa-5212	224	1	asian	asian	ADJ
ajfa-5212	224	2	journal	journal	PROPN
ajfa-5212	224	3	of	of	ADP
ajfa-5212	224	4	finance	finance	PROPN
ajfa-5212	224	5	&	&	CCONJ
ajfa-5212	224	6	accounting	accounting	PROPN
ajfa-5212	224	7	issn	issn	PROPN
ajfa-5212	224	8	1946	1946	NUM
ajfa-5212	224	9	-	-	PUNCT
ajfa-5212	224	10	052x	052x	PROPN
ajfa-5212	224	11	2014	2014	NUM
ajfa-5212	224	12	,	,	PUNCT
ajfa-5212	224	13	vol	vol	NOUN
ajfa-5212	224	14	.	.	PROPN
ajfa-5212	225	1	6	6	NUM
ajfa-5212	225	2	,	,	PUNCT
ajfa-5212	225	3	no	no	INTJ
ajfa-5212	225	4	.	.	NOUN
ajfa-5212	225	5	1	1	NUM
ajfa-5212	225	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5212	225	7	186	186	NUM
ajfa-5212	225	8	compared	compare	VERB
ajfa-5212	225	9	with	with	ADP
ajfa-5212	225	10	the	the	DET
ajfa-5212	225	11	median	median	NOUN
ajfa-5212	225	12	of	of	ADP
ajfa-5212	225	13	existing	exist	VERB
ajfa-5212	225	14	length	length	NOUN
ajfa-5212	225	15	,	,	PUNCT
ajfa-5212	225	16	banks	bank	NOUN
ajfa-5212	225	17	with	with	ADP
ajfa-5212	225	18	“	"	PUNCT
ajfa-5212	225	19	wobd	wobd	NOUN
ajfa-5212	225	20	”	"	PUNCT
ajfa-5212	225	21	have	have	AUX
ajfa-5212	225	22	existed	exist	VERB
ajfa-5212	225	23	for	for	ADP
ajfa-5212	225	24	an	an	DET
ajfa-5212	225	25	average	average	NOUN
ajfa-5212	225	26	of	of	ADP
ajfa-5212	225	27	158	158	NUM
ajfa-5212	225	28	months	month	NOUN
ajfa-5212	225	29	,	,	PUNCT
ajfa-5212	225	30	which	which	PRON
ajfa-5212	225	31	is	be	AUX
ajfa-5212	225	32	significantly	significantly	ADV
ajfa-5212	225	33	longer	long	ADJ
ajfa-5212	225	34	than	than	ADP
ajfa-5212	225	35	for	for	ADP
ajfa-5212	225	36	banks	bank	NOUN
ajfa-5212	225	37	without	without	ADP
ajfa-5212	225	38	“	"	PUNCT
ajfa-5212	225	39	wobd	wobd	NOUN
ajfa-5212	225	40	”	"	PUNCT
ajfa-5212	225	41	,	,	PUNCT
ajfa-5212	225	42	for	for	ADP
ajfa-5212	225	43	which	which	PRON
ajfa-5212	225	44	the	the	DET
ajfa-5212	225	45	average	average	NOUN
ajfa-5212	225	46	is	be	AUX
ajfa-5212	225	47	140	140	NUM
ajfa-5212	225	48	months	month	NOUN
ajfa-5212	225	49	.	.	PUNCT
ajfa-5212	226	1	the	the	DET
ajfa-5212	226	2	former	former	ADJ
ajfa-5212	226	3	generally	generally	ADV
ajfa-5212	226	4	had	have	VERB
ajfa-5212	226	5	more	more	ADJ
ajfa-5212	226	6	clients	client	NOUN
ajfa-5212	226	7	and	and	CCONJ
ajfa-5212	226	8	a	a	DET
ajfa-5212	226	9	more	more	ADV
ajfa-5212	226	10	sustained	sustained	ADJ
ajfa-5212	226	11	borrower	borrower	NOUN
ajfa-5212	226	12	-	-	PUNCT
ajfa-5212	226	13	lender	lender	NOUN
ajfa-5212	226	14	relationship	relationship	NOUN
ajfa-5212	226	15	before	before	ADP
ajfa-5212	226	16	the	the	DET
ajfa-5212	226	17	new	new	ADJ
ajfa-5212	226	18	bank	bank	NOUN
ajfa-5212	226	19	policy	policy	NOUN
ajfa-5212	226	20	to	to	PART
ajfa-5212	226	21	approve	approve	VERB
ajfa-5212	226	22	the	the	DET
ajfa-5212	226	23	establishment	establishment	NOUN
ajfa-5212	226	24	of	of	ADP
ajfa-5212	226	25	new	new	ADJ
ajfa-5212	226	26	banks	bank	NOUN
ajfa-5212	226	27	was	be	AUX
ajfa-5212	226	28	introduced	introduce	VERB
ajfa-5212	226	29	.	.	PUNCT
ajfa-5212	227	1	the	the	DET
ajfa-5212	227	2	ratio	ratio	NOUN
ajfa-5212	227	3	is	be	AUX
ajfa-5212	227	4	significantly	significantly	ADV
ajfa-5212	227	5	higher	high	ADJ
ajfa-5212	227	6	than	than	ADP
ajfa-5212	227	7	the	the	DET
ajfa-5212	227	8	latter	latter	ADJ
ajfa-5212	227	9	at	at	ADP
ajfa-5212	227	10	the	the	DET
ajfa-5212	227	11	1	1	NUM
ajfa-5212	227	12	%	%	NOUN
ajfa-5212	227	13	level	level	NOUN
ajfa-5212	227	14	.	.	PUNCT
ajfa-5212	228	1	compared	compare	VERB
ajfa-5212	228	2	to	to	ADP
ajfa-5212	228	3	sole	sole	ADJ
ajfa-5212	228	4	proprietorships	proprietorship	NOUN
ajfa-5212	228	5	,	,	PUNCT
ajfa-5212	228	6	partnerships	partnership	NOUN
ajfa-5212	228	7	and	and	CCONJ
ajfa-5212	228	8	limited	limited	ADJ
ajfa-5212	228	9	companies	company	NOUN
ajfa-5212	228	10	,	,	PUNCT
ajfa-5212	228	11	banks	bank	NOUN
ajfa-5212	228	12	with	with	ADP
ajfa-5212	228	13	“	"	PUNCT
ajfa-5212	228	14	wobd	wobd	NOUN
ajfa-5212	228	15	”	"	PUNCT
ajfa-5212	228	16	engage	engage	NOUN
ajfa-5212	228	17	in	in	ADP
ajfa-5212	228	18	more	more	ADJ
ajfa-5212	228	19	lending	lending	NOUN
ajfa-5212	228	20	business	business	NOUN
ajfa-5212	228	21	with	with	ADP
ajfa-5212	228	22	corporations	corporation	NOUN
ajfa-5212	228	23	.	.	PUNCT
ajfa-5212	229	1	the	the	DET
ajfa-5212	229	2	ratio	ratio	NOUN
ajfa-5212	229	3	is	be	AUX
ajfa-5212	229	4	34	34	NUM
ajfa-5212	229	5	%	%	NOUN
ajfa-5212	229	6	,	,	PUNCT
ajfa-5212	229	7	which	which	PRON
ajfa-5212	229	8	is	be	AUX
ajfa-5212	229	9	significantly	significantly	ADV
ajfa-5212	229	10	higher	high	ADJ
ajfa-5212	229	11	than	than	ADP
ajfa-5212	229	12	the	the	DET
ajfa-5212	229	13	30	30	NUM
ajfa-5212	229	14	%	%	NOUN
ajfa-5212	229	15	for	for	ADP
ajfa-5212	229	16	the	the	DET
ajfa-5212	229	17	control	control	NOUN
ajfa-5212	229	18	sample	sample	NOUN
ajfa-5212	229	19	.	.	PUNCT
ajfa-5212	230	1	banks	bank	NOUN
ajfa-5212	230	2	with	with	ADP
ajfa-5212	230	3	“	"	PUNCT
ajfa-5212	230	4	hccl	hccl	PROPN
ajfa-5212	230	5	”	"	PUNCT
ajfa-5212	230	6	prefer	prefer	VERB
ajfa-5212	230	7	relationships	relationship	NOUN
ajfa-5212	230	8	with	with	ADP
ajfa-5212	230	9	clients	client	NOUN
ajfa-5212	230	10	that	that	PRON
ajfa-5212	230	11	are	be	AUX
ajfa-5212	230	12	sole	sole	ADJ
ajfa-5212	230	13	proprietorships	proprietorship	NOUN
ajfa-5212	230	14	,	,	PUNCT
ajfa-5212	230	15	partnerships	partnership	NOUN
ajfa-5212	230	16	or	or	CCONJ
ajfa-5212	230	17	limited	limited	ADJ
ajfa-5212	230	18	companies	company	NOUN
ajfa-5212	230	19	than	than	ADP
ajfa-5212	230	20	with	with	ADP
ajfa-5212	230	21	corporate	corporate	ADJ
ajfa-5212	230	22	types	type	NOUN
ajfa-5212	230	23	of	of	ADP
ajfa-5212	230	24	organizations	organization	NOUN
ajfa-5212	230	25	.	.	PUNCT
ajfa-5212	231	1	the	the	DET
ajfa-5212	231	2	ratio	ratio	NOUN
ajfa-5212	231	3	is	be	AUX
ajfa-5212	231	4	29	29	NUM
ajfa-5212	231	5	%	%	NOUN
ajfa-5212	231	6	,	,	PUNCT
ajfa-5212	231	7	which	which	PRON
ajfa-5212	231	8	is	be	AUX
ajfa-5212	231	9	significantly	significantly	ADV
ajfa-5212	231	10	lower	low	ADJ
ajfa-5212	231	11	than	than	ADP
ajfa-5212	231	12	that	that	PRON
ajfa-5212	231	13	for	for	ADP
ajfa-5212	231	14	banks	bank	NOUN
ajfa-5212	231	15	without	without	ADP
ajfa-5212	231	16	“	"	PUNCT
ajfa-5212	231	17	hccl	hccl	PROPN
ajfa-5212	231	18	”	"	PUNCT
ajfa-5212	231	19	(	(	PUNCT
ajfa-5212	231	20	32	32	NUM
ajfa-5212	231	21	%	%	NOUN
ajfa-5212	231	22	)	)	PUNCT
ajfa-5212	231	23	.	.	PUNCT
ajfa-5212	232	1	as	as	ADP
ajfa-5212	232	2	to	to	ADP
ajfa-5212	232	3	whether	whether	DET
ajfa-5212	232	4	msbs	msbs	NOUN
ajfa-5212	232	5	that	that	PRON
ajfa-5212	232	6	belong	belong	VERB
ajfa-5212	232	7	to	to	ADP
ajfa-5212	232	8	conglomerates	conglomerate	NOUN
ajfa-5212	232	9	can	can	AUX
ajfa-5212	232	10	decrease	decrease	VERB
ajfa-5212	232	11	or	or	CCONJ
ajfa-5212	232	12	increase	increase	VERB
ajfa-5212	232	13	the	the	DET
ajfa-5212	232	14	risks	risk	NOUN
ajfa-5212	232	15	posed	pose	VERB
ajfa-5212	232	16	to	to	ADP
ajfa-5212	232	17	the	the	DET
ajfa-5212	232	18	creditor	creditor	NOUN
ajfa-5212	232	19	banks	bank	NOUN
ajfa-5212	232	20	with	with	ADP
ajfa-5212	232	21	different	different	ADJ
ajfa-5212	232	22	lending	lending	NOUN
ajfa-5212	232	23	performances	performance	NOUN
ajfa-5212	232	24	presents	present	VERB
ajfa-5212	232	25	a	a	DET
ajfa-5212	232	26	severe	severe	ADJ
ajfa-5212	232	27	challenge	challenge	NOUN
ajfa-5212	232	28	to	to	ADP
ajfa-5212	232	29	the	the	DET
ajfa-5212	232	30	banks	bank	NOUN
ajfa-5212	232	31	’	’	PART
ajfa-5212	232	32	ability	ability	NOUN
ajfa-5212	232	33	to	to	PART
ajfa-5212	232	34	manage	manage	VERB
ajfa-5212	232	35	credit	credit	NOUN
ajfa-5212	232	36	.	.	PUNCT
ajfa-5212	233	1	the	the	DET
ajfa-5212	233	2	empirical	empirical	ADJ
ajfa-5212	233	3	results	result	NOUN
ajfa-5212	233	4	show	show	VERB
ajfa-5212	233	5	that	that	SCONJ
ajfa-5212	233	6	the	the	DET
ajfa-5212	233	7	ratios	ratio	NOUN
ajfa-5212	233	8	of	of	ADP
ajfa-5212	233	9	the	the	DET
ajfa-5212	233	10	clients	client	NOUN
ajfa-5212	233	11	belonging	belong	VERB
ajfa-5212	233	12	to	to	ADP
ajfa-5212	233	13	conglomerates	conglomerate	NOUN
ajfa-5212	233	14	that	that	PRON
ajfa-5212	233	15	build	build	VERB
ajfa-5212	233	16	relationships	relationship	NOUN
ajfa-5212	233	17	with	with	ADP
ajfa-5212	233	18	banks	bank	NOUN
ajfa-5212	233	19	with	with	ADP
ajfa-5212	233	20	“	"	PUNCT
ajfa-5212	233	21	wobd	wobd	NOUN
ajfa-5212	233	22	and	and	CCONJ
ajfa-5212	233	23	hccl	hccl	PROPN
ajfa-5212	233	24	”	"	PUNCT
ajfa-5212	233	25	are	be	AUX
ajfa-5212	233	26	0.4	0.4	NUM
ajfa-5212	233	27	%	%	NOUN
ajfa-5212	233	28	and	and	CCONJ
ajfa-5212	233	29	0.5	0.5	NUM
ajfa-5212	233	30	%	%	NOUN
ajfa-5212	233	31	,	,	PUNCT
ajfa-5212	233	32	respectively	respectively	ADV
ajfa-5212	233	33	,	,	PUNCT
ajfa-5212	233	34	which	which	PRON
ajfa-5212	233	35	are	be	AUX
ajfa-5212	233	36	significantly	significantly	ADV
ajfa-5212	233	37	higher	high	ADJ
ajfa-5212	233	38	than	than	ADP
ajfa-5212	233	39	those	those	PRON
ajfa-5212	233	40	for	for	ADP
ajfa-5212	233	41	the	the	DET
ajfa-5212	233	42	control	control	NOUN
ajfa-5212	233	43	samples	sample	NOUN
ajfa-5212	233	44	with	with	ADP
ajfa-5212	233	45	0.3	0.3	NUM
ajfa-5212	233	46	%	%	NOUN
ajfa-5212	233	47	and	and	CCONJ
ajfa-5212	233	48	0.3	0.3	NUM
ajfa-5212	233	49	%	%	NOUN
ajfa-5212	233	50	at	at	ADP
ajfa-5212	233	51	the	the	DET
ajfa-5212	233	52	1	1	NUM
ajfa-5212	233	53	%	%	NOUN
ajfa-5212	233	54	level	level	NOUN
ajfa-5212	233	55	.	.	PUNCT
ajfa-5212	234	1	this	this	PRON
ajfa-5212	234	2	indicates	indicate	VERB
ajfa-5212	234	3	that	that	SCONJ
ajfa-5212	234	4	lending	lending	NOUN
ajfa-5212	234	5	to	to	ADP
ajfa-5212	234	6	companies	company	NOUN
ajfa-5212	234	7	belonging	belong	VERB
ajfa-5212	234	8	to	to	ADP
ajfa-5212	234	9	a	a	DET
ajfa-5212	234	10	conglomerate	conglomerate	NOUN
ajfa-5212	234	11	does	do	AUX
ajfa-5212	234	12	not	not	PART
ajfa-5212	234	13	ensure	ensure	VERB
ajfa-5212	234	14	that	that	SCONJ
ajfa-5212	234	15	the	the	DET
ajfa-5212	234	16	quality	quality	NOUN
ajfa-5212	234	17	of	of	ADP
ajfa-5212	234	18	credit	credit	NOUN
ajfa-5212	234	19	is	be	AUX
ajfa-5212	234	20	reliable	reliable	ADJ
ajfa-5212	234	21	(	(	PUNCT
ajfa-5212	234	22	for	for	ADP
ajfa-5212	234	23	banks	bank	NOUN
ajfa-5212	234	24	with	with	ADP
ajfa-5212	234	25	“	"	PUNCT
ajfa-5212	234	26	wobd	wobd	NOUN
ajfa-5212	234	27	”	"	PUNCT
ajfa-5212	234	28	)	)	PUNCT
ajfa-5212	234	29	.	.	PUNCT
ajfa-5212	235	1	if	if	SCONJ
ajfa-5212	235	2	banks	bank	NOUN
ajfa-5212	235	3	lend	lend	VERB
ajfa-5212	235	4	to	to	ADP
ajfa-5212	235	5	a	a	DET
ajfa-5212	235	6	subsidiary	subsidiary	NOUN
ajfa-5212	235	7	of	of	ADP
ajfa-5212	235	8	a	a	DET
ajfa-5212	235	9	conglomerate	conglomerate	NOUN
ajfa-5212	235	10	,	,	PUNCT
ajfa-5212	235	11	they	they	PRON
ajfa-5212	235	12	will	will	AUX
ajfa-5212	235	13	be	be	AUX
ajfa-5212	235	14	concerned	concern	VERB
ajfa-5212	235	15	about	about	ADP
ajfa-5212	235	16	the	the	DET
ajfa-5212	235	17	efficiency	efficiency	NOUN
ajfa-5212	235	18	or	or	CCONJ
ajfa-5212	235	19	performance	performance	NOUN
ajfa-5212	235	20	of	of	ADP
ajfa-5212	235	21	any	any	DET
ajfa-5212	235	22	related	relate	VERB
ajfa-5212	235	23	business	business	NOUN
ajfa-5212	235	24	unit	unit	NOUN
ajfa-5212	235	25	related	relate	VERB
ajfa-5212	235	26	to	to	ADP
ajfa-5212	235	27	that	that	DET
ajfa-5212	235	28	conglomerate	conglomerate	NOUN
ajfa-5212	235	29	,	,	PUNCT
ajfa-5212	235	30	because	because	SCONJ
ajfa-5212	235	31	the	the	DET
ajfa-5212	235	32	whole	whole	ADJ
ajfa-5212	235	33	conglomerate	conglomerate	NOUN
ajfa-5212	235	34	may	may	AUX
ajfa-5212	235	35	be	be	AUX
ajfa-5212	235	36	affected	affect	VERB
ajfa-5212	235	37	.	.	PUNCT
ajfa-5212	236	1	another	another	DET
ajfa-5212	236	2	empirical	empirical	ADJ
ajfa-5212	236	3	result	result	NOUN
ajfa-5212	236	4	shows	show	VERB
ajfa-5212	236	5	that	that	SCONJ
ajfa-5212	236	6	banks	bank	NOUN
ajfa-5212	236	7	without	without	ADP
ajfa-5212	236	8	“	"	PUNCT
ajfa-5212	236	9	wobd	wobd	NOUN
ajfa-5212	236	10	and	and	CCONJ
ajfa-5212	236	11	hccl	hccl	NOUN
ajfa-5212	236	12	”	"	PUNCT
ajfa-5212	236	13	will	will	AUX
ajfa-5212	236	14	tend	tend	VERB
ajfa-5212	236	15	to	to	PART
ajfa-5212	236	16	lend	lend	VERB
ajfa-5212	236	17	to	to	ADP
ajfa-5212	236	18	small	small	ADJ
ajfa-5212	236	19	foreign	foreign	ADJ
ajfa-5212	236	20	companies	company	NOUN
ajfa-5212	236	21	,	,	PUNCT
ajfa-5212	236	22	for	for	ADP
ajfa-5212	236	23	which	which	PRON
ajfa-5212	236	24	the	the	DET
ajfa-5212	236	25	ratios	ratio	NOUN
ajfa-5212	236	26	are	be	AUX
ajfa-5212	236	27	0.3	0.3	NUM
ajfa-5212	236	28	%	%	NOUN
ajfa-5212	236	29	and	and	CCONJ
ajfa-5212	236	30	0.3	0.3	NUM
ajfa-5212	236	31	%	%	NOUN
ajfa-5212	236	32	,	,	PUNCT
ajfa-5212	236	33	significantly	significantly	ADV
ajfa-5212	236	34	higher	high	ADJ
ajfa-5212	236	35	than	than	ADP
ajfa-5212	236	36	those	those	PRON
ajfa-5212	236	37	for	for	ADP
ajfa-5212	236	38	the	the	DET
ajfa-5212	236	39	control	control	NOUN
ajfa-5212	236	40	samples	sample	NOUN
ajfa-5212	236	41	of	of	ADP
ajfa-5212	236	42	0.1	0.1	NUM
ajfa-5212	236	43	%	%	NOUN
ajfa-5212	236	44	and	and	CCONJ
ajfa-5212	236	45	0.1	0.1	NUM
ajfa-5212	236	46	%	%	NOUN
ajfa-5212	236	47	.	.	PUNCT
ajfa-5212	237	1	the	the	DET
ajfa-5212	237	2	implication	implication	NOUN
ajfa-5212	237	3	is	be	AUX
ajfa-5212	237	4	that	that	SCONJ
ajfa-5212	237	5	small	small	ADJ
ajfa-5212	237	6	foreign	foreign	ADJ
ajfa-5212	237	7	companies	company	NOUN
ajfa-5212	237	8	pose	pose	VERB
ajfa-5212	237	9	less	less	ADJ
ajfa-5212	237	10	credit	credit	NOUN
ajfa-5212	237	11	risk	risk	NOUN
ajfa-5212	237	12	,	,	PUNCT
ajfa-5212	237	13	and	and	CCONJ
ajfa-5212	237	14	so	so	ADV
ajfa-5212	237	15	it	it	PRON
ajfa-5212	237	16	is	be	AUX
ajfa-5212	237	17	reasonable	reasonable	ADJ
ajfa-5212	237	18	to	to	PART
ajfa-5212	237	19	promote	promote	VERB
ajfa-5212	237	20	business	business	NOUN
ajfa-5212	237	21	lending	lending	NOUN
ajfa-5212	237	22	to	to	ADP
ajfa-5212	237	23	them	they	PRON
ajfa-5212	237	24	.	.	PUNCT
ajfa-5212	238	1	lending	lend	VERB
ajfa-5212	238	2	in	in	ADP
ajfa-5212	238	3	the	the	DET
ajfa-5212	238	4	cases	case	NOUN
ajfa-5212	238	5	of	of	ADP
ajfa-5212	238	6	banks	bank	NOUN
ajfa-5212	238	7	with	with	ADP
ajfa-5212	238	8	“	"	PUNCT
ajfa-5212	238	9	wobd	wobd	NOUN
ajfa-5212	238	10	and	and	CCONJ
ajfa-5212	238	11	hccl	hccl	PROPN
ajfa-5212	238	12	”	"	PUNCT
ajfa-5212	238	13	,	,	PUNCT
ajfa-5212	238	14	which	which	PRON
ajfa-5212	238	15	carry	carry	VERB
ajfa-5212	238	16	poor	poor	ADJ
ajfa-5212	238	17	credit	credit	NOUN
ajfa-5212	238	18	records	record	NOUN
ajfa-5212	238	19	are	be	AUX
ajfa-5212	238	20	up	up	ADP
ajfa-5212	238	21	to	to	PART
ajfa-5212	238	22	22	22	NUM
ajfa-5212	238	23	%	%	NOUN
ajfa-5212	238	24	and	and	CCONJ
ajfa-5212	238	25	26	26	NUM
ajfa-5212	238	26	%	%	NOUN
ajfa-5212	238	27	,	,	PUNCT
ajfa-5212	238	28	which	which	PRON
ajfa-5212	238	29	were	be	AUX
ajfa-5212	238	30	significantly	significantly	ADV
ajfa-5212	238	31	higher	high	ADJ
ajfa-5212	238	32	than	than	ADP
ajfa-5212	238	33	the	the	DET
ajfa-5212	238	34	control	control	NOUN
ajfa-5212	238	35	samples	sample	NOUN
ajfa-5212	238	36	of	of	ADP
ajfa-5212	238	37	17	17	NUM
ajfa-5212	238	38	%	%	NOUN
ajfa-5212	238	39	and	and	CCONJ
ajfa-5212	238	40	17	17	NUM
ajfa-5212	238	41	%	%	NOUN
ajfa-5212	238	42	.	.	PUNCT
ajfa-5212	239	1	this	this	PRON
ajfa-5212	239	2	explains	explain	VERB
ajfa-5212	239	3	why	why	SCONJ
ajfa-5212	239	4	these	these	DET
ajfa-5212	239	5	banks	bank	NOUN
ajfa-5212	239	6	have	have	VERB
ajfa-5212	239	7	a	a	DET
ajfa-5212	239	8	higher	high	ADJ
ajfa-5212	239	9	credit	credit	NOUN
ajfa-5212	239	10	risk	risk	NOUN
ajfa-5212	239	11	.	.	PUNCT
ajfa-5212	240	1	when	when	SCONJ
ajfa-5212	240	2	comparing	compare	VERB
ajfa-5212	240	3	from	from	ADP
ajfa-5212	240	4	the	the	DET
ajfa-5212	240	5	aspect	aspect	NOUN
ajfa-5212	240	6	of	of	ADP
ajfa-5212	240	7	the	the	DET
ajfa-5212	240	8	credit	credit	NOUN
ajfa-5212	240	9	score	score	NOUN
ajfa-5212	240	10	of	of	ADP
ajfa-5212	240	11	the	the	DET
ajfa-5212	240	12	chairperson	chairperson	NOUN
ajfa-5212	240	13	,	,	PUNCT
ajfa-5212	240	14	the	the	DET
ajfa-5212	240	15	empirical	empirical	ADJ
ajfa-5212	240	16	results	result	NOUN
ajfa-5212	240	17	are	be	AUX
ajfa-5212	240	18	quite	quite	ADV
ajfa-5212	240	19	similar	similar	ADJ
ajfa-5212	240	20	in	in	ADP
ajfa-5212	240	21	that	that	DET
ajfa-5212	240	22	cases	case	NOUN
ajfa-5212	240	23	of	of	ADP
ajfa-5212	240	24	lending	lending	NOUN
ajfa-5212	240	25	by	by	ADP
ajfa-5212	240	26	banks	bank	NOUN
ajfa-5212	240	27	with	with	ADP
ajfa-5212	240	28	“	"	PUNCT
ajfa-5212	240	29	wobd	wobd	NOUN
ajfa-5212	240	30	and	and	CCONJ
ajfa-5212	240	31	hccl	hccl	PROPN
ajfa-5212	240	32	”	"	PUNCT
ajfa-5212	240	33	have	have	AUX
ajfa-5212	240	34	an	an	DET
ajfa-5212	240	35	average	average	ADJ
ajfa-5212	240	36	credit	credit	NOUN
ajfa-5212	240	37	ratings	rating	NOUN
ajfa-5212	240	38	of	of	ADP
ajfa-5212	240	39	509.72	509.72	NUM
ajfa-5212	240	40	and	and	CCONJ
ajfa-5212	240	41	473.63	473.63	NUM
ajfa-5212	240	42	,	,	PUNCT
ajfa-5212	240	43	respectively	respectively	ADV
ajfa-5212	240	44	,	,	PUNCT
ajfa-5212	240	45	which	which	PRON
ajfa-5212	240	46	is	be	AUX
ajfa-5212	240	47	significantly	significantly	ADV
ajfa-5212	240	48	lower	low	ADJ
ajfa-5212	240	49	than	than	ADP
ajfa-5212	240	50	the	the	DET
ajfa-5212	240	51	541.45	541.45	NUM
ajfa-5212	240	52	and	and	CCONJ
ajfa-5212	240	53	548.28	548.28	NUM
ajfa-5212	240	54	for	for	ADP
ajfa-5212	240	55	the	the	DET
ajfa-5212	240	56	control	control	NOUN
ajfa-5212	240	57	samples	sample	NOUN
ajfa-5212	240	58	.	.	PUNCT
ajfa-5212	241	1	4.1.2	4.1.2	NUM
ajfa-5212	241	2	comparison	comparison	NOUN
ajfa-5212	241	3	among	among	ADP
ajfa-5212	241	4	mlbs	mlbs	NOUN
ajfa-5212	241	5	from	from	ADP
ajfa-5212	241	6	the	the	DET
ajfa-5212	241	7	results	result	NOUN
ajfa-5212	241	8	of	of	ADP
ajfa-5212	241	9	table	table	NOUN
ajfa-5212	241	10	2	2	NUM
ajfa-5212	241	11	,	,	PUNCT
ajfa-5212	241	12	we	we	PRON
ajfa-5212	241	13	found	find	VERB
ajfa-5212	241	14	that	that	SCONJ
ajfa-5212	241	15	the	the	DET
ajfa-5212	241	16	lending	lending	NOUN
ajfa-5212	241	17	behaviors	behavior	NOUN
ajfa-5212	241	18	of	of	ADP
ajfa-5212	241	19	banks	bank	NOUN
ajfa-5212	241	20	with	with	ADP
ajfa-5212	241	21	different	different	ADJ
ajfa-5212	241	22	lending	lending	NOUN
ajfa-5212	241	23	performances	performance	NOUN
ajfa-5212	241	24	were	be	AUX
ajfa-5212	241	25	quite	quite	ADV
ajfa-5212	241	26	similar	similar	ADJ
ajfa-5212	241	27	,	,	PUNCT
ajfa-5212	241	28	including	include	VERB
ajfa-5212	241	29	in	in	ADP
ajfa-5212	241	30	terms	term	NOUN
ajfa-5212	241	31	of	of	ADP
ajfa-5212	241	32	asset	asset	NOUN
ajfa-5212	241	33	size	size	NOUN
ajfa-5212	241	34	,	,	PUNCT
ajfa-5212	241	35	the	the	DET
ajfa-5212	241	36	length	length	NOUN
ajfa-5212	241	37	of	of	ADP
ajfa-5212	241	38	time	time	NOUN
ajfa-5212	241	39	in	in	ADP
ajfa-5212	241	40	existence	existence	NOUN
ajfa-5212	241	41	and	and	CCONJ
ajfa-5212	241	42	the	the	DET
ajfa-5212	241	43	company	company	NOUN
ajfa-5212	241	44	’s	’s	PART
ajfa-5212	241	45	year	year	NOUN
ajfa-5212	241	46	of	of	ADP
ajfa-5212	241	47	establishment	establishment	NOUN
ajfa-5212	241	48	.	.	PUNCT
ajfa-5212	242	1	this	this	PRON
ajfa-5212	242	2	means	mean	VERB
ajfa-5212	242	3	that	that	SCONJ
ajfa-5212	242	4	banks	bank	NOUN
ajfa-5212	242	5	with	with	ADP
ajfa-5212	242	6	“	"	PUNCT
ajfa-5212	242	7	wobd	wobd	NOUN
ajfa-5212	242	8	and	and	CCONJ
ajfa-5212	242	9	hccl	hccl	PROPN
ajfa-5212	242	10	”	"	PUNCT
ajfa-5212	242	11	prefer	prefer	VERB
ajfa-5212	242	12	building	building	NOUN
ajfa-5212	242	13	relationships	relationship	NOUN
ajfa-5212	242	14	with	with	ADP
ajfa-5212	242	15	large	large	ADJ
ajfa-5212	242	16	-	-	PUNCT
ajfa-5212	242	17	scale	scale	NOUN
ajfa-5212	242	18	companies	company	NOUN
ajfa-5212	242	19	,	,	PUNCT
ajfa-5212	242	20	whose	whose	DET
ajfa-5212	242	21	average	average	ADJ
ajfa-5212	242	22	total	total	ADJ
ajfa-5212	242	23	assets	asset	NOUN
ajfa-5212	242	24	are	be	AUX
ajfa-5212	242	25	between	between	ADP
ajfa-5212	242	26	nt$1,536	nt$1,536	NUM
ajfa-5212	242	27	million	million	NUM
ajfa-5212	242	28	and	and	CCONJ
ajfa-5212	242	29	nt$2,481	nt$2,481	NUM
ajfa-5212	242	30	million	million	NUM
ajfa-5212	242	31	.	.	PUNCT
ajfa-5212	243	1	these	these	DET
ajfa-5212	243	2	averages	average	NOUN
ajfa-5212	243	3	are	be	AUX
ajfa-5212	243	4	significantly	significantly	ADV
ajfa-5212	243	5	larger	large	ADJ
ajfa-5212	243	6	than	than	ADP
ajfa-5212	243	7	those	those	PRON
ajfa-5212	243	8	for	for	ADP
ajfa-5212	243	9	the	the	DET
ajfa-5212	243	10	control	control	NOUN
ajfa-5212	243	11	samples	sample	NOUN
ajfa-5212	243	12	where	where	SCONJ
ajfa-5212	243	13	the	the	DET
ajfa-5212	243	14	average	average	ADJ
ajfa-5212	243	15	total	total	ADJ
ajfa-5212	243	16	assets	asset	NOUN
ajfa-5212	243	17	were	be	AUX
ajfa-5212	243	18	between	between	ADP
ajfa-5212	243	19	nt$526	nt$526	NOUN
ajfa-5212	243	20	and	and	CCONJ
ajfa-5212	243	21	nt$495	nt$495	ADP
ajfa-5212	243	22	million	million	NUM
ajfa-5212	243	23	at	at	ADP
ajfa-5212	243	24	the	the	DET
ajfa-5212	243	25	1	1	NUM
ajfa-5212	243	26	%	%	NOUN
ajfa-5212	243	27	level	level	NOUN
ajfa-5212	243	28	.	.	PUNCT
ajfa-5212	244	1	from	from	ADP
ajfa-5212	244	2	the	the	DET
ajfa-5212	244	3	perspective	perspective	NOUN
ajfa-5212	244	4	of	of	ADP
ajfa-5212	244	5	the	the	DET
ajfa-5212	244	6	length	length	NOUN
ajfa-5212	244	7	of	of	ADP
ajfa-5212	244	8	time	time	NOUN
ajfa-5212	244	9	in	in	ADP
ajfa-5212	244	10	existence	existence	NOUN
ajfa-5212	244	11	and	and	CCONJ
ajfa-5212	244	12	the	the	DET
ajfa-5212	244	13	company	company	NOUN
ajfa-5212	244	14	’s	’s	PART
ajfa-5212	244	15	year	year	NOUN
ajfa-5212	244	16	of	of	ADP
ajfa-5212	244	17	establishment	establishment	NOUN
ajfa-5212	244	18	in	in	ADP
ajfa-5212	244	19	the	the	DET
ajfa-5212	244	20	case	case	NOUN
ajfa-5212	244	21	of	of	ADP
ajfa-5212	244	22	the	the	DET
ajfa-5212	244	23	mlbs	mlb	NOUN
ajfa-5212	244	24	,	,	PUNCT
ajfa-5212	244	25	banks	bank	NOUN
ajfa-5212	244	26	with	with	ADP
ajfa-5212	244	27	“	"	PUNCT
ajfa-5212	244	28	hccl	hccl	PROPN
ajfa-5212	244	29	”	"	PUNCT
ajfa-5212	244	30	were	be	AUX
ajfa-5212	244	31	significantly	significantly	ADV
ajfa-5212	244	32	smaller	small	ADJ
ajfa-5212	244	33	than	than	ADP
ajfa-5212	244	34	banks	bank	NOUN
ajfa-5212	244	35	without	without	ADP
ajfa-5212	244	36	“	"	PUNCT
ajfa-5212	244	37	hccl	hccl	PROPN
ajfa-5212	244	38	”	"	PUNCT
ajfa-5212	244	39	at	at	ADP
ajfa-5212	244	40	the	the	DET
ajfa-5212	244	41	5	5	NUM
ajfa-5212	244	42	%	%	NOUN
ajfa-5212	244	43	level	level	NOUN
ajfa-5212	244	44	.	.	PUNCT
ajfa-5212	245	1	variables	variable	NOUN
ajfa-5212	245	2	related	relate	VERB
ajfa-5212	245	3	to	to	ADP
ajfa-5212	245	4	banks	bank	NOUN
ajfa-5212	245	5	with	with	ADP
ajfa-5212	245	6	“	"	PUNCT
ajfa-5212	245	7	wobd	wobd	NOUN
ajfa-5212	245	8	”	"	PUNCT
ajfa-5212	245	9	were	be	AUX
ajfa-5212	245	10	significantly	significantly	ADV
ajfa-5212	245	11	larger	large	ADJ
ajfa-5212	245	12	those	those	PRON
ajfa-5212	245	13	for	for	ADP
ajfa-5212	245	14	than	than	ADP
ajfa-5212	245	15	banks	bank	NOUN
ajfa-5212	245	16	without	without	ADP
ajfa-5212	245	17	“	"	PUNCT
ajfa-5212	245	18	wobd	wobd	NOUN
ajfa-5212	245	19	”	"	PUNCT
ajfa-5212	245	20	at	at	ADP
ajfa-5212	245	21	the	the	DET
ajfa-5212	245	22	1	1	NUM
ajfa-5212	245	23	%	%	NOUN
ajfa-5212	245	24	asian	asian	ADJ
ajfa-5212	245	25	journal	journal	NOUN
ajfa-5212	245	26	of	of	ADP
ajfa-5212	245	27	finance	finance	PROPN
ajfa-5212	245	28	&	&	CCONJ
ajfa-5212	245	29	accounting	accounting	PROPN
ajfa-5212	245	30	issn	issn	PROPN
ajfa-5212	245	31	1946	1946	NUM
ajfa-5212	245	32	-	-	PUNCT
ajfa-5212	245	33	052x	052x	PROPN
ajfa-5212	245	34	2014	2014	NUM
ajfa-5212	245	35	,	,	PUNCT
ajfa-5212	245	36	vol	vol	NOUN
ajfa-5212	245	37	.	.	PROPN
ajfa-5212	246	1	6	6	NUM
ajfa-5212	246	2	,	,	PUNCT
ajfa-5212	246	3	no	no	INTJ
ajfa-5212	246	4	.	.	NOUN
ajfa-5212	246	5	1	1	NUM
ajfa-5212	246	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	246	7	187	187	NUM
ajfa-5212	246	8	level	level	NOUN
ajfa-5212	246	9	.	.	PUNCT
ajfa-5212	247	1	from	from	ADP
ajfa-5212	247	2	the	the	DET
ajfa-5212	247	3	perspective	perspective	NOUN
ajfa-5212	247	4	of	of	ADP
ajfa-5212	247	5	the	the	DET
ajfa-5212	247	6	type	type	NOUN
ajfa-5212	247	7	of	of	ADP
ajfa-5212	247	8	organization	organization	NOUN
ajfa-5212	247	9	,	,	PUNCT
ajfa-5212	247	10	banks	bank	NOUN
ajfa-5212	247	11	with	with	ADP
ajfa-5212	247	12	“	"	PUNCT
ajfa-5212	247	13	wobd	wobd	NOUN
ajfa-5212	247	14	and	and	CCONJ
ajfa-5212	247	15	hccl	hccl	NOUN
ajfa-5212	247	16	”	"	PUNCT
ajfa-5212	247	17	preferred	preferred	ADJ
ajfa-5212	247	18	building	building	NOUN
ajfa-5212	247	19	relationships	relationship	NOUN
ajfa-5212	247	20	with	with	ADP
ajfa-5212	247	21	publicly	publicly	ADV
ajfa-5212	247	22	-	-	PUNCT
ajfa-5212	247	23	held	hold	VERB
ajfa-5212	247	24	or	or	CCONJ
ajfa-5212	247	25	otc	otc	ADJ
ajfa-5212	247	26	firms	firm	NOUN
ajfa-5212	247	27	(	(	PUNCT
ajfa-5212	247	28	8	8	NUM
ajfa-5212	247	29	%	%	NOUN
ajfa-5212	247	30	and	and	CCONJ
ajfa-5212	247	31	12	12	NUM
ajfa-5212	247	32	%	%	NOUN
ajfa-5212	247	33	)	)	PUNCT
ajfa-5212	247	34	,	,	PUNCT
ajfa-5212	247	35	which	which	PRON
ajfa-5212	247	36	were	be	AUX
ajfa-5212	247	37	significantly	significantly	ADV
ajfa-5212	247	38	higher	high	ADJ
ajfa-5212	247	39	than	than	ADP
ajfa-5212	247	40	those	those	PRON
ajfa-5212	247	41	for	for	ADP
ajfa-5212	247	42	the	the	DET
ajfa-5212	247	43	control	control	NOUN
ajfa-5212	247	44	samples	sample	NOUN
ajfa-5212	247	45	(	(	PUNCT
ajfa-5212	247	46	4	4	NUM
ajfa-5212	247	47	%	%	NOUN
ajfa-5212	247	48	and	and	CCONJ
ajfa-5212	247	49	4	4	NUM
ajfa-5212	247	50	%	%	NOUN
ajfa-5212	247	51	)	)	PUNCT
ajfa-5212	247	52	at	at	ADP
ajfa-5212	247	53	the	the	DET
ajfa-5212	247	54	1	1	NUM
ajfa-5212	247	55	%	%	NOUN
ajfa-5212	247	56	level	level	NOUN
ajfa-5212	247	57	.	.	PUNCT
ajfa-5212	248	1	for	for	ADP
ajfa-5212	248	2	clients	client	NOUN
ajfa-5212	248	3	belonging	belong	VERB
ajfa-5212	248	4	to	to	ADP
ajfa-5212	248	5	conglomerates	conglomerate	NOUN
ajfa-5212	248	6	(	(	PUNCT
ajfa-5212	248	7	13	13	NUM
ajfa-5212	248	8	%	%	NOUN
ajfa-5212	248	9	and	and	CCONJ
ajfa-5212	248	10	19	19	NUM
ajfa-5212	248	11	%	%	NOUN
ajfa-5212	248	12	)	)	PUNCT
ajfa-5212	248	13	,	,	PUNCT
ajfa-5212	248	14	the	the	DET
ajfa-5212	248	15	ratios	ratio	NOUN
ajfa-5212	248	16	were	be	AUX
ajfa-5212	248	17	significantly	significantly	ADV
ajfa-5212	248	18	higher	high	ADJ
ajfa-5212	248	19	than	than	ADP
ajfa-5212	248	20	for	for	ADP
ajfa-5212	248	21	the	the	DET
ajfa-5212	248	22	control	control	NOUN
ajfa-5212	248	23	samples	sample	NOUN
ajfa-5212	248	24	(	(	PUNCT
ajfa-5212	248	25	7	7	NUM
ajfa-5212	248	26	%	%	NOUN
ajfa-5212	248	27	and	and	CCONJ
ajfa-5212	248	28	7	7	NUM
ajfa-5212	248	29	%	%	NOUN
ajfa-5212	248	30	)	)	PUNCT
ajfa-5212	248	31	at	at	ADP
ajfa-5212	248	32	the	the	DET
ajfa-5212	248	33	1	1	NUM
ajfa-5212	248	34	%	%	NOUN
ajfa-5212	248	35	level	level	NOUN
ajfa-5212	248	36	.	.	PUNCT
ajfa-5212	249	1	as	as	ADP
ajfa-5212	249	2	to	to	ADP
ajfa-5212	249	3	the	the	DET
ajfa-5212	249	4	comparison	comparison	NOUN
ajfa-5212	249	5	of	of	ADP
ajfa-5212	249	6	the	the	DET
ajfa-5212	249	7	financial	financial	ADJ
ajfa-5212	249	8	variables	variable	NOUN
ajfa-5212	249	9	,	,	PUNCT
ajfa-5212	249	10	we	we	PRON
ajfa-5212	249	11	found	find	VERB
ajfa-5212	249	12	that	that	SCONJ
ajfa-5212	249	13	clients	client	NOUN
ajfa-5212	249	14	of	of	ADP
ajfa-5212	249	15	banks	bank	NOUN
ajfa-5212	249	16	with	with	ADP
ajfa-5212	249	17	“	"	PUNCT
ajfa-5212	249	18	wobd	wobd	NOUN
ajfa-5212	249	19	”	"	PUNCT
ajfa-5212	249	20	had	have	VERB
ajfa-5212	249	21	a	a	DET
ajfa-5212	249	22	significantly	significantly	ADV
ajfa-5212	249	23	higher	high	ADJ
ajfa-5212	249	24	financial	financial	ADJ
ajfa-5212	249	25	leverage	leverage	NOUN
ajfa-5212	249	26	ratio	ratio	NOUN
ajfa-5212	249	27	(	(	PUNCT
ajfa-5212	249	28	the	the	DET
ajfa-5212	249	29	mean	mean	NOUN
ajfa-5212	249	30	was	be	AUX
ajfa-5212	249	31	246.13	246.13	NUM
ajfa-5212	249	32	%	%	NOUN
ajfa-5212	249	33	)	)	PUNCT
ajfa-5212	249	34	than	than	ADP
ajfa-5212	249	35	the	the	DET
ajfa-5212	249	36	control	control	NOUN
ajfa-5212	249	37	samples	sample	NOUN
ajfa-5212	249	38	(	(	PUNCT
ajfa-5212	249	39	230.44	230.44	NUM
ajfa-5212	249	40	%	%	NOUN
ajfa-5212	249	41	)	)	PUNCT
ajfa-5212	249	42	at	at	ADP
ajfa-5212	249	43	the	the	DET
ajfa-5212	249	44	1	1	NUM
ajfa-5212	249	45	%	%	NOUN
ajfa-5212	249	46	level	level	NOUN
ajfa-5212	249	47	.	.	PUNCT
ajfa-5212	250	1	the	the	DET
ajfa-5212	250	2	median	median	NOUN
ajfa-5212	250	3	rose	rise	VERB
ajfa-5212	250	4	to	to	ADP
ajfa-5212	250	5	200.59	200.59	NUM
ajfa-5212	250	6	%	%	NOUN
ajfa-5212	250	7	.	.	PUNCT
ajfa-5212	251	1	this	this	PRON
ajfa-5212	251	2	seems	seem	VERB
ajfa-5212	251	3	to	to	PART
ajfa-5212	251	4	indicate	indicate	VERB
ajfa-5212	251	5	that	that	SCONJ
ajfa-5212	251	6	banks	bank	NOUN
ajfa-5212	251	7	with	with	ADP
ajfa-5212	251	8	“	"	PUNCT
ajfa-5212	251	9	wobd	wobd	NOUN
ajfa-5212	251	10	”	"	PUNCT
ajfa-5212	251	11	accept	accept	VERB
ajfa-5212	251	12	lending	lending	NOUN
ajfa-5212	251	13	business	business	NOUN
ajfa-5212	251	14	from	from	ADP
ajfa-5212	251	15	mlbs	mlb	NOUN
ajfa-5212	251	16	with	with	ADP
ajfa-5212	251	17	a	a	DET
ajfa-5212	251	18	higher	high	ADJ
ajfa-5212	251	19	financial	financial	ADJ
ajfa-5212	251	20	leverage	leverage	NOUN
ajfa-5212	251	21	ratio	ratio	NOUN
ajfa-5212	251	22	which	which	PRON
ajfa-5212	251	23	will	will	AUX
ajfa-5212	251	24	lead	lead	VERB
ajfa-5212	251	25	to	to	ADP
ajfa-5212	251	26	higher	high	ADJ
ajfa-5212	251	27	credit	credit	NOUN
ajfa-5212	251	28	risk	risk	NOUN
ajfa-5212	251	29	.	.	PUNCT
ajfa-5212	252	1	the	the	DET
ajfa-5212	252	2	means	mean	NOUN
ajfa-5212	252	3	of	of	ADP
ajfa-5212	252	4	the	the	DET
ajfa-5212	252	5	mlbs	mlb	NOUN
ajfa-5212	252	6	of	of	ADP
ajfa-5212	252	7	banks	bank	NOUN
ajfa-5212	252	8	with	with	ADP
ajfa-5212	252	9	“	"	PUNCT
ajfa-5212	252	10	hccl	hccl	PROPN
ajfa-5212	252	11	”	"	PUNCT
ajfa-5212	252	12	are	be	AUX
ajfa-5212	252	13	0.98	0.98	NUM
ajfa-5212	252	14	%	%	NOUN
ajfa-5212	252	15	and	and	CCONJ
ajfa-5212	252	16	5.31	5.31	NUM
ajfa-5212	252	17	%	%	NOUN
ajfa-5212	252	18	based	base	VERB
ajfa-5212	252	19	on	on	ADP
ajfa-5212	252	20	the	the	DET
ajfa-5212	252	21	ratios	ratio	NOUN
ajfa-5212	252	22	of	of	ADP
ajfa-5212	252	23	r&d	r&d	NOUN
ajfa-5212	252	24	expenditures	expenditure	NOUN
ajfa-5212	252	25	and	and	CCONJ
ajfa-5212	252	26	profitability	profitability	NOUN
ajfa-5212	252	27	,	,	PUNCT
ajfa-5212	252	28	which	which	PRON
ajfa-5212	252	29	are	be	AUX
ajfa-5212	252	30	significantly	significantly	ADV
ajfa-5212	252	31	higher	high	ADJ
ajfa-5212	252	32	than	than	ADP
ajfa-5212	252	33	the	the	DET
ajfa-5212	252	34	corresponding	corresponding	ADJ
ajfa-5212	252	35	0.58	0.58	NUM
ajfa-5212	252	36	%	%	NOUN
ajfa-5212	252	37	and	and	CCONJ
ajfa-5212	252	38	4.08	4.08	NUM
ajfa-5212	252	39	%	%	NOUN
ajfa-5212	252	40	for	for	ADP
ajfa-5212	252	41	the	the	DET
ajfa-5212	252	42	control	control	NOUN
ajfa-5212	252	43	samples	sample	NOUN
ajfa-5212	252	44	at	at	ADP
ajfa-5212	252	45	the	the	DET
ajfa-5212	252	46	1	1	NUM
ajfa-5212	252	47	%	%	NOUN
ajfa-5212	252	48	level	level	NOUN
ajfa-5212	252	49	.	.	PUNCT
ajfa-5212	253	1	the	the	DET
ajfa-5212	253	2	cash	cash	NOUN
ajfa-5212	253	3	ratio	ratio	NOUN
ajfa-5212	253	4	of	of	ADP
ajfa-5212	253	5	9.89	9.89	NUM
ajfa-5212	253	6	%	%	NOUN
ajfa-5212	253	7	is	be	AUX
ajfa-5212	253	8	significantly	significantly	ADV
ajfa-5212	253	9	lower	low	ADJ
ajfa-5212	253	10	than	than	ADP
ajfa-5212	253	11	the	the	DET
ajfa-5212	253	12	11.83	11.83	NUM
ajfa-5212	253	13	%	%	NOUN
ajfa-5212	253	14	for	for	ADP
ajfa-5212	253	15	the	the	DET
ajfa-5212	253	16	control	control	NOUN
ajfa-5212	253	17	samples	sample	NOUN
ajfa-5212	253	18	at	at	ADP
ajfa-5212	253	19	the	the	DET
ajfa-5212	253	20	same	same	ADJ
ajfa-5212	253	21	level	level	NOUN
ajfa-5212	253	22	.	.	PUNCT
ajfa-5212	254	1	this	this	PRON
ajfa-5212	254	2	reveals	reveal	VERB
ajfa-5212	254	3	that	that	SCONJ
ajfa-5212	254	4	when	when	SCONJ
ajfa-5212	254	5	compared	compare	VERB
ajfa-5212	254	6	to	to	ADP
ajfa-5212	254	7	the	the	DET
ajfa-5212	254	8	r&d	r&d	NOUN
ajfa-5212	254	9	expenditures	expenditure	NOUN
ajfa-5212	254	10	and	and	CCONJ
ajfa-5212	254	11	profitability	profitability	NOUN
ajfa-5212	254	12	ratios	ratio	NOUN
ajfa-5212	254	13	,	,	PUNCT
ajfa-5212	254	14	the	the	DET
ajfa-5212	254	15	cash	cash	NOUN
ajfa-5212	254	16	ratio	ratio	NOUN
ajfa-5212	254	17	can	can	AUX
ajfa-5212	254	18	better	well	ADV
ajfa-5212	254	19	reflect	reflect	VERB
ajfa-5212	254	20	the	the	DET
ajfa-5212	254	21	quality	quality	NOUN
ajfa-5212	254	22	of	of	ADP
ajfa-5212	254	23	credit	credit	NOUN
ajfa-5212	254	24	risk	risk	NOUN
ajfa-5212	254	25	.	.	PUNCT
ajfa-5212	255	1	from	from	ADP
ajfa-5212	255	2	the	the	DET
ajfa-5212	255	3	perspective	perspective	NOUN
ajfa-5212	255	4	of	of	ADP
ajfa-5212	255	5	the	the	DET
ajfa-5212	255	6	past	past	ADJ
ajfa-5212	255	7	credit	credit	NOUN
ajfa-5212	255	8	records	record	NOUN
ajfa-5212	255	9	of	of	ADP
ajfa-5212	255	10	banks	bank	NOUN
ajfa-5212	255	11	with	with	ADP
ajfa-5212	255	12	different	different	ADJ
ajfa-5212	255	13	lending	lending	NOUN
ajfa-5212	255	14	performances	performance	NOUN
ajfa-5212	255	15	,	,	PUNCT
ajfa-5212	255	16	there	there	PRON
ajfa-5212	255	17	is	be	VERB
ajfa-5212	255	18	no	no	DET
ajfa-5212	255	19	significant	significant	ADJ
ajfa-5212	255	20	difference	difference	NOUN
ajfa-5212	255	21	between	between	ADP
ajfa-5212	255	22	the	the	DET
ajfa-5212	255	23	experimental	experimental	ADJ
ajfa-5212	255	24	and	and	CCONJ
ajfa-5212	255	25	control	control	NOUN
ajfa-5212	255	26	samples	sample	NOUN
ajfa-5212	255	27	.	.	PUNCT
ajfa-5212	256	1	the	the	DET
ajfa-5212	256	2	credit	credit	NOUN
ajfa-5212	256	3	score	score	NOUN
ajfa-5212	256	4	of	of	ADP
ajfa-5212	256	5	the	the	DET
ajfa-5212	256	6	chairperson	chairperson	NOUN
ajfa-5212	256	7	of	of	ADP
ajfa-5212	256	8	mlbs	mlb	NOUN
ajfa-5212	256	9	of	of	ADP
ajfa-5212	256	10	banks	bank	NOUN
ajfa-5212	256	11	with	with	ADP
ajfa-5212	256	12	“	"	PUNCT
ajfa-5212	256	13	wobd	wobd	NOUN
ajfa-5212	256	14	and	and	CCONJ
ajfa-5212	256	15	hccl	hccl	NOUN
ajfa-5212	256	16	”	"	PUNCT
ajfa-5212	256	17	(	(	PUNCT
ajfa-5212	256	18	the	the	DET
ajfa-5212	256	19	average	average	ADJ
ajfa-5212	256	20	scores	score	NOUN
ajfa-5212	256	21	are	be	AUX
ajfa-5212	256	22	644.32	644.32	NUM
ajfa-5212	256	23	and	and	CCONJ
ajfa-5212	256	24	628.96	628.96	NUM
ajfa-5212	256	25	,	,	PUNCT
ajfa-5212	256	26	and	and	CCONJ
ajfa-5212	256	27	the	the	DET
ajfa-5212	256	28	medians	median	NOUN
ajfa-5212	256	29	are	be	AUX
ajfa-5212	256	30	656	656	NUM
ajfa-5212	256	31	and	and	CCONJ
ajfa-5212	256	32	639	639	NUM
ajfa-5212	256	33	)	)	PUNCT
ajfa-5212	256	34	is	be	AUX
ajfa-5212	256	35	significantly	significantly	ADV
ajfa-5212	256	36	lower	low	ADJ
ajfa-5212	256	37	than	than	ADP
ajfa-5212	256	38	for	for	ADP
ajfa-5212	256	39	the	the	DET
ajfa-5212	256	40	control	control	NOUN
ajfa-5212	256	41	samples	sample	NOUN
ajfa-5212	256	42	(	(	PUNCT
ajfa-5212	256	43	the	the	DET
ajfa-5212	256	44	average	average	ADJ
ajfa-5212	256	45	scores	score	NOUN
ajfa-5212	256	46	are	be	AUX
ajfa-5212	256	47	657.81	657.81	NUM
ajfa-5212	256	48	and	and	CCONJ
ajfa-5212	256	49	659.91	659.91	NUM
ajfa-5212	256	50	,	,	PUNCT
ajfa-5212	256	51	and	and	CCONJ
ajfa-5212	256	52	the	the	DET
ajfa-5212	256	53	medians	median	NOUN
ajfa-5212	256	54	are	be	AUX
ajfa-5212	256	55	673	673	NUM
ajfa-5212	256	56	and	and	CCONJ
ajfa-5212	256	57	674	674	NUM
ajfa-5212	256	58	)	)	PUNCT
ajfa-5212	256	59	at	at	ADP
ajfa-5212	256	60	the	the	DET
ajfa-5212	256	61	1	1	NUM
ajfa-5212	256	62	%	%	NOUN
ajfa-5212	256	63	level	level	NOUN
ajfa-5212	256	64	.	.	PUNCT
ajfa-5212	257	1	this	this	PRON
ajfa-5212	257	2	seems	seem	VERB
ajfa-5212	257	3	to	to	PART
ajfa-5212	257	4	reflect	reflect	VERB
ajfa-5212	257	5	the	the	DET
ajfa-5212	257	6	fact	fact	NOUN
ajfa-5212	257	7	that	that	SCONJ
ajfa-5212	257	8	banks	bank	NOUN
ajfa-5212	257	9	with	with	ADP
ajfa-5212	257	10	low	low	ADJ
ajfa-5212	257	11	lending	lending	NOUN
ajfa-5212	257	12	performance	performance	NOUN
ajfa-5212	257	13	ignore	ignore	VERB
ajfa-5212	257	14	the	the	DET
ajfa-5212	257	15	fact	fact	NOUN
ajfa-5212	257	16	that	that	SCONJ
ajfa-5212	257	17	the	the	DET
ajfa-5212	257	18	credit	credit	NOUN
ajfa-5212	257	19	score	score	NOUN
ajfa-5212	257	20	of	of	ADP
ajfa-5212	257	21	the	the	DET
ajfa-5212	257	22	chairperson	chairperson	NOUN
ajfa-5212	257	23	can	can	AUX
ajfa-5212	257	24	serve	serve	VERB
ajfa-5212	257	25	as	as	ADP
ajfa-5212	257	26	a	a	DET
ajfa-5212	257	27	signal	signal	NOUN
ajfa-5212	257	28	of	of	ADP
ajfa-5212	257	29	credit	credit	NOUN
ajfa-5212	257	30	risk	risk	NOUN
ajfa-5212	257	31	.	.	PUNCT
ajfa-5212	258	1	4.2	4.2	NUM
ajfa-5212	258	2	.	.	PUNCT
ajfa-5212	259	1	the	the	DET
ajfa-5212	259	2	logit	logit	PROPN
ajfa-5212	259	3	model	model	NOUN
ajfa-5212	259	4	distinguished	distinguish	VERB
ajfa-5212	259	5	by	by	ADP
ajfa-5212	259	6	with	with	ADP
ajfa-5212	259	7	or	or	CCONJ
ajfa-5212	259	8	without	without	ADP
ajfa-5212	259	9	“	"	PUNCT
ajfa-5212	259	10	wobd	wobd	NOUN
ajfa-5212	259	11	”	"	PUNCT
ajfa-5212	259	12	events	event	NOUN
ajfa-5212	259	13	in	in	ADP
ajfa-5212	259	14	this	this	DET
ajfa-5212	259	15	study	study	NOUN
ajfa-5212	259	16	,	,	PUNCT
ajfa-5212	259	17	we	we	PRON
ajfa-5212	259	18	measure	measure	VERB
ajfa-5212	259	19	a	a	DET
ajfa-5212	259	20	bank	bank	NOUN
ajfa-5212	259	21	’s	’s	PART
ajfa-5212	259	22	lending	lending	NOUN
ajfa-5212	259	23	performance	performance	NOUN
ajfa-5212	259	24	according	accord	VERB
ajfa-5212	259	25	to	to	ADP
ajfa-5212	259	26	whether	whether	SCONJ
ajfa-5212	259	27	it	it	PRON
ajfa-5212	259	28	encounters	encounter	VERB
ajfa-5212	259	29	the	the	DET
ajfa-5212	259	30	events	event	NOUN
ajfa-5212	259	31	of	of	ADP
ajfa-5212	259	32	“	"	PUNCT
ajfa-5212	259	33	wobd	wobd	NOUN
ajfa-5212	259	34	”	"	PUNCT
ajfa-5212	259	35	and	and	CCONJ
ajfa-5212	259	36	“	"	PUNCT
ajfa-5212	259	37	hccl	hccl	NOUN
ajfa-5212	259	38	.	.	PUNCT
ajfa-5212	259	39	”	"	PUNCT
ajfa-5212	260	1	therefore	therefore	ADV
ajfa-5212	260	2	,	,	PUNCT
ajfa-5212	260	3	we	we	PRON
ajfa-5212	260	4	divide	divide	VERB
ajfa-5212	260	5	the	the	DET
ajfa-5212	260	6	relationship	relationship	NOUN
ajfa-5212	260	7	banks	bank	NOUN
ajfa-5212	260	8	into	into	ADP
ajfa-5212	260	9	those	those	PRON
ajfa-5212	260	10	with	with	ADP
ajfa-5212	260	11	“	"	PUNCT
ajfa-5212	260	12	wobd	wobd	NOUN
ajfa-5212	260	13	”	"	PUNCT
ajfa-5212	260	14	and	and	CCONJ
ajfa-5212	260	15	those	those	PRON
ajfa-5212	260	16	with	with	ADP
ajfa-5212	260	17	“	"	PUNCT
ajfa-5212	260	18	hccl	hccl	PROPN
ajfa-5212	260	19	.	.	PUNCT
ajfa-5212	260	20	”	"	PUNCT
ajfa-5212	261	1	for	for	ADP
ajfa-5212	261	2	purposes	purpose	NOUN
ajfa-5212	261	3	of	of	ADP
ajfa-5212	261	4	comparison	comparison	NOUN
ajfa-5212	261	5	,	,	PUNCT
ajfa-5212	261	6	we	we	PRON
ajfa-5212	261	7	also	also	ADV
ajfa-5212	261	8	choose	choose	VERB
ajfa-5212	261	9	the	the	DET
ajfa-5212	261	10	clients	client	NOUN
ajfa-5212	261	11	of	of	ADP
ajfa-5212	261	12	banks	bank	NOUN
ajfa-5212	261	13	without	without	ADP
ajfa-5212	261	14	“	"	PUNCT
ajfa-5212	261	15	wobd	wobd	NOUN
ajfa-5212	261	16	”	"	PUNCT
ajfa-5212	261	17	and	and	CCONJ
ajfa-5212	261	18	“	"	PUNCT
ajfa-5212	261	19	hccl	hccl	PROPN
ajfa-5212	261	20	”	"	PUNCT
ajfa-5212	261	21	as	as	ADP
ajfa-5212	261	22	the	the	DET
ajfa-5212	261	23	control	control	NOUN
ajfa-5212	261	24	samples24	samples24	NOUN
ajfa-5212	261	25	.	.	PUNCT
ajfa-5212	262	1	with	with	ADP
ajfa-5212	262	2	respect	respect	NOUN
ajfa-5212	262	3	to	to	ADP
ajfa-5212	262	4	the	the	DET
ajfa-5212	262	5	borrowers	borrower	NOUN
ajfa-5212	262	6	,	,	PUNCT
ajfa-5212	262	7	“	"	PUNCT
ajfa-5212	262	8	wobd	wobd	NOUN
ajfa-5212	262	9	”	"	PUNCT
ajfa-5212	262	10	results	result	NOUN
ajfa-5212	262	11	from	from	ADP
ajfa-5212	262	12	corporate	corporate	ADJ
ajfa-5212	262	13	financial	financial	ADJ
ajfa-5212	262	14	failure	failure	NOUN
ajfa-5212	262	15	and	and	CCONJ
ajfa-5212	262	16	impacts	impact	NOUN
ajfa-5212	262	17	the	the	DET
ajfa-5212	262	18	financing	financing	NOUN
ajfa-5212	262	19	needs	need	VERB
ajfa-5212	262	20	directly	directly	ADV
ajfa-5212	262	21	,	,	PUNCT
ajfa-5212	262	22	while	while	SCONJ
ajfa-5212	262	23	“	"	PUNCT
ajfa-5212	262	24	hccl	hccl	PROPN
ajfa-5212	262	25	”	"	PUNCT
ajfa-5212	262	26	results	result	NOUN
ajfa-5212	262	27	from	from	ADP
ajfa-5212	262	28	retail	retail	ADJ
ajfa-5212	262	29	financing	financing	NOUN
ajfa-5212	262	30	failure	failure	NOUN
ajfa-5212	262	31	,	,	PUNCT
ajfa-5212	262	32	which	which	PRON
ajfa-5212	262	33	only	only	ADV
ajfa-5212	262	34	impacts	impact	VERB
ajfa-5212	262	35	financing	financing	NOUN
ajfa-5212	262	36	needs	need	VERB
ajfa-5212	262	37	indirectly	indirectly	ADV
ajfa-5212	262	38	.	.	PUNCT
ajfa-5212	263	1	however	however	ADV
ajfa-5212	263	2	,	,	PUNCT
ajfa-5212	263	3	each	each	DET
ajfa-5212	263	4	circumstance	circumstance	NOUN
ajfa-5212	263	5	will	will	AUX
ajfa-5212	263	6	increase	increase	VERB
ajfa-5212	263	7	the	the	DET
ajfa-5212	263	8	credit	credit	NOUN
ajfa-5212	263	9	risk	risk	NOUN
ajfa-5212	263	10	of	of	ADP
ajfa-5212	263	11	banks	bank	NOUN
ajfa-5212	263	12	.	.	PUNCT
ajfa-5212	264	1	if	if	SCONJ
ajfa-5212	264	2	bad	bad	ADJ
ajfa-5212	264	3	experiences	experience	NOUN
ajfa-5212	264	4	accrue	accrue	VERB
ajfa-5212	264	5	at	at	ADP
ajfa-5212	264	6	the	the	DET
ajfa-5212	264	7	same	same	ADJ
ajfa-5212	264	8	time	time	NOUN
ajfa-5212	264	9	,	,	PUNCT
ajfa-5212	264	10	the	the	DET
ajfa-5212	264	11	credit	credit	NOUN
ajfa-5212	264	12	risk	risk	NOUN
ajfa-5212	264	13	will	will	AUX
ajfa-5212	264	14	increase	increase	VERB
ajfa-5212	264	15	dramatically	dramatically	ADV
ajfa-5212	264	16	.	.	PUNCT
ajfa-5212	265	1	to	to	PART
ajfa-5212	265	2	clarify	clarify	VERB
ajfa-5212	265	3	the	the	DET
ajfa-5212	265	4	different	different	ADJ
ajfa-5212	265	5	responses	response	NOUN
ajfa-5212	265	6	from	from	ADP
ajfa-5212	265	7	the	the	DET
ajfa-5212	265	8	direct	direct	ADJ
ajfa-5212	265	9	and	and	CCONJ
ajfa-5212	265	10	indirect	indirect	ADJ
ajfa-5212	265	11	impacts	impact	NOUN
ajfa-5212	265	12	,	,	PUNCT
ajfa-5212	265	13	we	we	PRON
ajfa-5212	265	14	test	test	VERB
ajfa-5212	265	15	both	both	DET
ajfa-5212	265	16	events	event	NOUN
ajfa-5212	265	17	individually	individually	ADV
ajfa-5212	265	18	,	,	PUNCT
ajfa-5212	265	19	and	and	CCONJ
ajfa-5212	265	20	simply	simply	ADV
ajfa-5212	265	21	divide	divide	VERB
ajfa-5212	265	22	the	the	DET
ajfa-5212	265	23	banks	bank	NOUN
ajfa-5212	265	24	into	into	ADP
ajfa-5212	265	25	those	those	PRON
ajfa-5212	265	26	with	with	ADP
ajfa-5212	265	27	or	or	CCONJ
ajfa-5212	265	28	without	without	ADP
ajfa-5212	265	29	“	"	PUNCT
ajfa-5212	265	30	wobd	wobd	NOUN
ajfa-5212	265	31	”	"	PUNCT
ajfa-5212	265	32	or	or	CCONJ
ajfa-5212	265	33	“	"	PUNCT
ajfa-5212	265	34	hccl	hccl	PROPN
ajfa-5212	265	35	”	"	PUNCT
ajfa-5212	265	36	.	.	PUNCT
ajfa-5212	266	1	banks	bank	NOUN
ajfa-5212	266	2	with	with	ADP
ajfa-5212	266	3	“	"	PUNCT
ajfa-5212	266	4	wobd	wobd	NOUN
ajfa-5212	266	5	”	"	PUNCT
ajfa-5212	266	6	and	and	CCONJ
ajfa-5212	266	7	“	"	PUNCT
ajfa-5212	266	8	hccl	hccl	NOUN
ajfa-5212	266	9	”	"	PUNCT
ajfa-5212	266	10	are	be	AUX
ajfa-5212	266	11	characterized	characterize	VERB
ajfa-5212	266	12	by	by	ADP
ajfa-5212	266	13	high	high	ADJ
ajfa-5212	266	14	credit	credit	NOUN
ajfa-5212	266	15	risk	risk	NOUN
ajfa-5212	266	16	and	and	CCONJ
ajfa-5212	266	17	low	low	ADJ
ajfa-5212	266	18	lending	lending	NOUN
ajfa-5212	266	19	performance	performance	NOUN
ajfa-5212	266	20	.	.	PUNCT
ajfa-5212	267	1	banks	bank	NOUN
ajfa-5212	267	2	without	without	ADP
ajfa-5212	267	3	“	"	PUNCT
ajfa-5212	267	4	wobd	wobd	NOUN
ajfa-5212	267	5	”	"	PUNCT
ajfa-5212	267	6	and	and	CCONJ
ajfa-5212	267	7	“	"	PUNCT
ajfa-5212	267	8	hccl	hccl	NOUN
ajfa-5212	267	9	”	"	PUNCT
ajfa-5212	267	10	are	be	AUX
ajfa-5212	267	11	characterized	characterize	VERB
ajfa-5212	267	12	by	by	ADP
ajfa-5212	267	13	low	low	ADJ
ajfa-5212	267	14	credit	credit	NOUN
ajfa-5212	267	15	risk	risk	NOUN
ajfa-5212	267	16	and	and	CCONJ
ajfa-5212	267	17	high	high	ADJ
ajfa-5212	267	18	lending	lending	NOUN
ajfa-5212	267	19	performance	performance	NOUN
ajfa-5212	267	20	.	.	PUNCT
ajfa-5212	268	1	to	to	PART
ajfa-5212	268	2	avoid	avoid	VERB
ajfa-5212	268	3	confused	confused	ADJ
ajfa-5212	268	4	perceptions	perception	NOUN
ajfa-5212	268	5	of	of	ADP
ajfa-5212	268	6	lending	lending	NOUN
ajfa-5212	268	7	behavior	behavior	NOUN
ajfa-5212	268	8	,	,	PUNCT
ajfa-5212	268	9	we	we	PRON
ajfa-5212	268	10	exclude	exclude	VERB
ajfa-5212	268	11	the	the	DET
ajfa-5212	268	12	samples	sample	NOUN
ajfa-5212	268	13	of	of	ADP
ajfa-5212	268	14	borrowers	borrower	NOUN
ajfa-5212	268	15	who	who	PRON
ajfa-5212	268	16	maintain	maintain	VERB
ajfa-5212	268	17	relationships	relationship	NOUN
ajfa-5212	268	18	with	with	ADP
ajfa-5212	268	19	banks	bank	NOUN
ajfa-5212	268	20	with	with	ADP
ajfa-5212	268	21	both	both	CCONJ
ajfa-5212	268	22	high	high	ADJ
ajfa-5212	268	23	and	and	CCONJ
ajfa-5212	268	24	low	low	ADJ
ajfa-5212	268	25	credit	credit	NOUN
ajfa-5212	268	26	risks	risk	NOUN
ajfa-5212	268	27	.	.	PUNCT
ajfa-5212	269	1	asian	asian	ADJ
ajfa-5212	269	2	journal	journal	PROPN
ajfa-5212	269	3	of	of	ADP
ajfa-5212	269	4	finance	finance	PROPN
ajfa-5212	269	5	&	&	CCONJ
ajfa-5212	269	6	accounting	accounting	PROPN
ajfa-5212	269	7	issn	issn	PROPN
ajfa-5212	269	8	1946	1946	NUM
ajfa-5212	269	9	-	-	PUNCT
ajfa-5212	269	10	052x	052x	PROPN
ajfa-5212	269	11	2014	2014	NUM
ajfa-5212	269	12	,	,	PUNCT
ajfa-5212	269	13	vol	vol	NOUN
ajfa-5212	269	14	.	.	PROPN
ajfa-5212	270	1	6	6	NUM
ajfa-5212	270	2	,	,	PUNCT
ajfa-5212	270	3	no	no	INTJ
ajfa-5212	270	4	.	.	NOUN
ajfa-5212	270	5	1	1	NUM
ajfa-5212	270	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	270	7	188	188	NUM
ajfa-5212	270	8	table	table	NOUN
ajfa-5212	270	9	2	2	NUM
ajfa-5212	270	10	.	.	PUNCT
ajfa-5212	270	11	comparison	comparison	NOUN
ajfa-5212	270	12	of	of	ADP
ajfa-5212	270	13	msbs	msbs	NOUN
ajfa-5212	270	14	and	and	CCONJ
ajfa-5212	270	15	mlbs	mlb	NOUN
ajfa-5212	270	16	from	from	ADP
ajfa-5212	270	17	different	different	ADJ
ajfa-5212	270	18	perspectives	perspective	NOUN
ajfa-5212	271	1	d	d	X
ajfa-5212	271	2	i	i	NOUN
ajfa-5212	271	3	m	m	VERB
ajfa-5212	271	4	ensions	ension	NOUN
ajfa-5212	271	5	impact	impact	NOUN
ajfa-5212	271	6	variables	variable	NOUN
ajfa-5212	271	7	borrowers	borrower	NOUN
ajfa-5212	271	8	:	:	PUNCT
ajfa-5212	271	9	msbs	msbs	NOUN
ajfa-5212	271	10	borrowers	borrower	NOUN
ajfa-5212	271	11	:	:	PUNCT
ajfa-5212	271	12	mlbs	mlb	NOUN
ajfa-5212	271	13	“	"	PUNCT
ajfa-5212	271	14	wobd	wobd	NOUN
ajfa-5212	271	15	”	"	PUNCT
ajfa-5212	271	16	events	event	NOUN
ajfa-5212	271	17	“	"	PUNCT
ajfa-5212	271	18	hccl	hccl	PROPN
ajfa-5212	271	19	”	"	PUNCT
ajfa-5212	271	20	events	event	NOUN
ajfa-5212	271	21	“	"	PUNCT
ajfa-5212	271	22	wobd	wobd	NOUN
ajfa-5212	271	23	”	"	PUNCT
ajfa-5212	271	24	events	event	NOUN
ajfa-5212	271	25	“	"	PUNCT
ajfa-5212	271	26	hccl	hccl	PROPN
ajfa-5212	271	27	”	"	PUNCT
ajfa-5212	271	28	events	event	NOUN
ajfa-5212	271	29	y	y	PROPN
ajfa-5212	271	30	n	n	CCONJ
ajfa-5212	271	31	y	y	PROPN
ajfa-5212	271	32	n	n	CCONJ
ajfa-5212	271	33	y	y	PROPN
ajfa-5212	271	34	n	n	CCONJ
ajfa-5212	271	35	y	y	PROPN
ajfa-5212	271	36	n	n	PROPN
ajfa-5212	271	37	samples	sample	VERB
ajfa-5212	271	38	57,948	57,948	NUM
ajfa-5212	271	39	75,619	75,619	NUM
ajfa-5212	271	40	35,369	35,369	NUM
ajfa-5212	271	41	98,198	98,198	NUM
ajfa-5212	271	42	10,023	10,023	NUM
ajfa-5212	271	43	5,691	5,691	NUM
ajfa-5212	271	44	5,343	5,343	NUM
ajfa-5212	271	45	10,371	10,371	NUM
ajfa-5212	271	46	info	info	NOUN
ajfa-5212	271	47	info_01	info_01	PROPN
ajfa-5212	271	48	or	or	CCONJ
ajfa-5212	271	49	info_02	info_02	PROPN
ajfa-5212	271	50	m	m	VERB
ajfa-5212	271	51	0.28	0.28	NUM
ajfa-5212	271	52	*	*	PUNCT
ajfa-5212	271	53	*	*	PUNCT
ajfa-5212	271	54	*	*	PUNCT
ajfa-5212	271	55	0.17	0.17	NUM
ajfa-5212	271	56	0.33	0.33	NUM
ajfa-5212	271	57	*	*	PUNCT
ajfa-5212	271	58	*	*	PUNCT
ajfa-5212	271	59	*	*	X
ajfa-5212	271	60	0.18	0.18	NUM
ajfa-5212	271	61	5.26	5.26	NUM
ajfa-5212	271	62	24.81	24.81	NUM
ajfa-5212	271	63	*	*	PUNCT
ajfa-5212	271	64	*	*	PUNCT
ajfa-5212	271	65	*	*	PUNCT
ajfa-5212	271	66	4.95	4.95	NUM
ajfa-5212	271	67	4.95	4.95	NUM
ajfa-5212	271	68	m	m	NOUN
ajfa-5212	271	69	0.05	0.05	NUM
ajfa-5212	271	70	*	*	PUNCT
ajfa-5212	271	71	*	*	PUNCT
ajfa-5212	271	72	*	*	PUNCT
ajfa-5212	271	73	0.05	0.05	NUM
ajfa-5212	271	74	0.05	0.05	NUM
ajfa-5212	271	75	*	*	PUNCT
ajfa-5212	271	76	*	*	PUNCT
ajfa-5212	271	77	*	*	PUNCT
ajfa-5212	271	78	0.05	0.05	NUM
ajfa-5212	271	79	1.33	1.33	NUM
ajfa-5212	271	80	2.37	2.37	NUM
ajfa-5212	271	81	*	*	PUNCT
ajfa-5212	271	82	*	*	PUNCT
ajfa-5212	271	83	*	*	PUNCT
ajfa-5212	271	84	1.4	1.4	NUM
ajfa-5212	271	85	1.4	1.4	NUM
ajfa-5212	271	86	info_03	info_03	ADV
ajfa-5212	271	87	m	m	VERB
ajfa-5212	271	88	172.99	172.99	NUM
ajfa-5212	271	89	*	*	PUNCT
ajfa-5212	271	90	*	*	PUNCT
ajfa-5212	271	91	*	*	PUNCT
ajfa-5212	271	92	156.57	156.57	NUM
ajfa-5212	271	93	152	152	NUM
ajfa-5212	271	94	*	*	PUNCT
ajfa-5212	271	95	*	*	PUNCT
ajfa-5212	271	96	*	*	PUNCT
ajfa-5212	272	1	167.98	167.98	NUM
ajfa-5212	272	2	204.88	204.88	NUM
ajfa-5212	272	3	217.52	217.52	NUM
ajfa-5212	272	4	*	*	X
ajfa-5212	272	5	*	*	PUNCT
ajfa-5212	272	6	222.95	222.95	NUM
ajfa-5212	272	7	222.95	222.95	NUM
ajfa-5212	272	8	m	m	NOUN
ajfa-5212	272	9	158	158	NUM
ajfa-5212	272	10	*	*	PUNCT
ajfa-5212	272	11	*	*	PUNCT
ajfa-5212	272	12	*	*	PUNCT
ajfa-5212	272	13	140	140	NUM
ajfa-5212	272	14	134	134	NUM
ajfa-5212	272	15	*	*	PUNCT
ajfa-5212	272	16	*	*	PUNCT
ajfa-5212	272	17	*	*	PUNCT
ajfa-5212	272	18	154	154	NUM
ajfa-5212	272	19	189	189	NUM
ajfa-5212	272	20	199	199	NUM
ajfa-5212	272	21	*	*	PUNCT
ajfa-5212	272	22	*	*	PUNCT
ajfa-5212	272	23	*	*	PUNCT
ajfa-5212	272	24	209	209	NUM
ajfa-5212	272	25	209	209	NUM
ajfa-5212	272	26	info_04	info_04	NOUN
ajfa-5212	272	27	m	m	VERB
ajfa-5212	272	28	0.46	0.46	NUM
ajfa-5212	272	29	*	*	PUNCT
ajfa-5212	272	30	*	*	PUNCT
ajfa-5212	272	31	*	*	PUNCT
ajfa-5212	272	32	0.4	0.4	NUM
ajfa-5212	272	33	0.37	0.37	NUM
ajfa-5212	272	34	*	*	PUNCT
ajfa-5212	272	35	*	*	PUNCT
ajfa-5212	272	36	*	*	PUNCT
ajfa-5212	272	37	0.44	0.44	NUM
ajfa-5212	272	38	0.56	0.56	NUM
ajfa-5212	272	39	0.6	0.6	NUM
ajfa-5212	272	40	*	*	PUNCT
ajfa-5212	272	41	*	*	PUNCT
ajfa-5212	272	42	*	*	PUNCT
ajfa-5212	272	43	0.63	0.63	NUM
ajfa-5212	272	44	0.63	0.63	NUM
ajfa-5212	272	45	m	m	NOUN
ajfa-5212	272	46	0	0	NUM
ajfa-5212	272	47	*	*	PUNCT
ajfa-5212	272	48	*	*	PUNCT
ajfa-5212	272	49	*	*	PUNCT
ajfa-5212	272	50	0	0	NUM
ajfa-5212	272	51	0	0	NUM
ajfa-5212	272	52	*	*	PUNCT
ajfa-5212	272	53	*	*	PUNCT
ajfa-5212	272	54	*	*	NOUN
ajfa-5212	272	55	0	0	NUM
ajfa-5212	272	56	1	1	NUM
ajfa-5212	272	57	1	1	NUM
ajfa-5212	272	58	*	*	PUNCT
ajfa-5212	272	59	*	*	PUNCT
ajfa-5212	272	60	*	*	PUNCT
ajfa-5212	272	61	1	1	NUM
ajfa-5212	272	62	1	1	NUM
ajfa-5212	272	63	fin	fin	NOUN
ajfa-5212	272	64	fin_01	fin_01	PROPN
ajfa-5212	272	65	m	m	NOUN
ajfa-5212	272	66	230.44	230.44	NUM
ajfa-5212	272	67	236.36	236.36	NUM
ajfa-5212	272	68	*	*	X
ajfa-5212	272	69	*	*	PUNCT
ajfa-5212	272	70	242.55	242.55	NUM
ajfa-5212	272	71	242.55	242.55	NUM
ajfa-5212	272	72	m	m	NOUN
ajfa-5212	272	73	179.07	179.07	NUM
ajfa-5212	272	74	194.23	194.23	NUM
ajfa-5212	272	75	192.10	192.10	NUM
ajfa-5212	272	76	192.10	192.10	NUM
ajfa-5212	272	77	fin_02	fin_02	PROPN
ajfa-5212	272	78	m	m	NOUN
ajfa-5212	272	79	0.69	0.69	NUM
ajfa-5212	272	80	0.98	0.98	NUM
ajfa-5212	272	81	*	*	PUNCT
ajfa-5212	272	82	*	*	PUNCT
ajfa-5212	272	83	*	*	PUNCT
ajfa-5212	272	84	0.58	0.58	NUM
ajfa-5212	272	85	0.58	0.58	NUM
ajfa-5212	272	86	m	m	NOUN
ajfa-5212	272	87	0	0	NUM
ajfa-5212	272	88	0	0	NUM
ajfa-5212	272	89	*	*	PUNCT
ajfa-5212	272	90	*	*	PUNCT
ajfa-5212	272	91	*	*	NOUN
ajfa-5212	272	92	0	0	NUM
ajfa-5212	272	93	0	0	NUM
ajfa-5212	273	1	fin_03	fin_03	PROPN
ajfa-5212	273	2	m	m	VERB
ajfa-5212	273	3	4.59	4.59	NUM
ajfa-5212	273	4	5.31	5.31	NUM
ajfa-5212	273	5	*	*	PUNCT
ajfa-5212	273	6	*	*	PUNCT
ajfa-5212	273	7	*	*	PUNCT
ajfa-5212	273	8	4.08	4.08	NUM
ajfa-5212	273	9	4.08	4.08	NUM
ajfa-5212	273	10	m	m	NUM
ajfa-5212	273	11	2.84	2.84	NUM
ajfa-5212	273	12	3.24	3.24	NUM
ajfa-5212	273	13	*	*	PUNCT
ajfa-5212	273	14	*	*	PUNCT
ajfa-5212	273	15	*	*	PUNCT
ajfa-5212	273	16	2.68	2.68	NUM
ajfa-5212	273	17	2.68	2.68	NUM
ajfa-5212	274	1	fin_04	fin_04	PROPN
ajfa-5212	274	2	m	m	PROPN
ajfa-5212	274	3	13.46	13.46	NUM
ajfa-5212	274	4	9.89	9.89	NUM
ajfa-5212	274	5	*	*	PUNCT
ajfa-5212	274	6	*	*	PUNCT
ajfa-5212	274	7	*	*	PUNCT
ajfa-5212	274	8	11.83	11.83	NUM
ajfa-5212	274	9	11.83	11.83	NUM
ajfa-5212	274	10	m	m	NOUN
ajfa-5212	274	11	6.97	6.97	NUM
ajfa-5212	274	12	5.39	5.39	NUM
ajfa-5212	274	13	*	*	PUNCT
ajfa-5212	274	14	*	*	PUNCT
ajfa-5212	274	15	*	*	PUNCT
ajfa-5212	274	16	6.16	6.16	NUM
ajfa-5212	274	17	6.16	6.16	NUM
ajfa-5212	274	18	c	c	PROPN
ajfa-5212	274	19	redit	redit	NOUN
ajfa-5212	274	20	credit_01	credit_01	ADV
ajfa-5212	274	21	m	m	VERB
ajfa-5212	274	22	0.22	0.22	NUM
ajfa-5212	274	23	*	*	PUNCT
ajfa-5212	274	24	*	*	PUNCT
ajfa-5212	274	25	*	*	PUNCT
ajfa-5212	274	26	0.17	0.17	NUM
ajfa-5212	274	27	0.26	0.26	NUM
ajfa-5212	274	28	*	*	PUNCT
ajfa-5212	274	29	*	*	PUNCT
ajfa-5212	274	30	*	*	PUNCT
ajfa-5212	274	31	0.17	0.17	NUM
ajfa-5212	274	32	0.004	0.004	NUM
ajfa-5212	274	33	0.004	0.004	NUM
ajfa-5212	274	34	0.003	0.003	NUM
ajfa-5212	274	35	0.003	0.003	NUM
ajfa-5212	274	36	m	m	NOUN
ajfa-5212	274	37	0	0	NUM
ajfa-5212	274	38	*	*	PUNCT
ajfa-5212	274	39	*	*	PUNCT
ajfa-5212	274	40	*	*	PUNCT
ajfa-5212	274	41	0	0	NUM
ajfa-5212	274	42	0	0	NUM
ajfa-5212	274	43	*	*	PUNCT
ajfa-5212	274	44	*	*	PUNCT
ajfa-5212	275	1	*	*	PUNCT
ajfa-5212	275	2	0	0	NUM
ajfa-5212	275	3	0	0	NUM
ajfa-5212	275	4	0	0	NUM
ajfa-5212	275	5	0	0	NUM
ajfa-5212	275	6	0	0	NUM
ajfa-5212	276	1	credit_02	credit_02	PROPN
ajfa-5212	276	2	m	m	VERB
ajfa-5212	277	1	509.72	509.72	NUM
ajfa-5212	277	2	*	*	PUNCT
ajfa-5212	277	3	*	*	PUNCT
ajfa-5212	277	4	*	*	PUNCT
ajfa-5212	277	5	541.45	541.45	NUM
ajfa-5212	277	6	473.63	473.63	NUM
ajfa-5212	277	7	*	*	PUNCT
ajfa-5212	277	8	*	*	PUNCT
ajfa-5212	277	9	*	*	PUNCT
ajfa-5212	278	1	548.28	548.28	NUM
ajfa-5212	278	2	657.81	657.81	NUM
ajfa-5212	278	3	628.96	628.96	NUM
ajfa-5212	278	4	*	*	PUNCT
ajfa-5212	278	5	*	*	PUNCT
ajfa-5212	278	6	*	*	PUNCT
ajfa-5212	279	1	659.91	659.91	NUM
ajfa-5212	279	2	659.91	659.91	NUM
ajfa-5212	279	3	m	m	NUM
ajfa-5212	279	4	624	624	NUM
ajfa-5212	279	5	*	*	PUNCT
ajfa-5212	279	6	*	*	PUNCT
ajfa-5212	279	7	*	*	PUNCT
ajfa-5212	279	8	640	640	NUM
ajfa-5212	279	9	580	580	NUM
ajfa-5212	279	10	*	*	PUNCT
ajfa-5212	279	11	*	*	PUNCT
ajfa-5212	279	12	*	*	PUNCT
ajfa-5212	279	13	647	647	NUM
ajfa-5212	279	14	673	673	NUM
ajfa-5212	279	15	639	639	NUM
ajfa-5212	279	16	*	*	PUNCT
ajfa-5212	279	17	*	*	PUNCT
ajfa-5212	279	18	*	*	NOUN
ajfa-5212	279	19	674	674	NUM
ajfa-5212	279	20	674	674	NUM
ajfa-5212	279	21	note	note	NOUN
ajfa-5212	279	22	1	1	NUM
ajfa-5212	279	23	:	:	PUNCT
ajfa-5212	279	24	the	the	DET
ajfa-5212	279	25	symbols	symbols	PROPN
ajfa-5212	279	26	y	y	PROPN
ajfa-5212	279	27	and	and	CCONJ
ajfa-5212	279	28	n	n	PROPN
ajfa-5212	279	29	indicate	indicate	VERB
ajfa-5212	279	30	that	that	SCONJ
ajfa-5212	279	31	the	the	DET
ajfa-5212	279	32	events	event	NOUN
ajfa-5212	279	33	occur	occur	VERB
ajfa-5212	279	34	and	and	CCONJ
ajfa-5212	279	35	do	do	AUX
ajfa-5212	279	36	not	not	PART
ajfa-5212	279	37	occur	occur	VERB
ajfa-5212	279	38	.	.	PUNCT
ajfa-5212	280	1	the	the	DET
ajfa-5212	280	2	mean	mean	ADJ
ajfa-5212	280	3	(	(	PUNCT
ajfa-5212	280	4	m	m	NOUN
ajfa-5212	280	5	)	)	PUNCT
ajfa-5212	280	6	and	and	CCONJ
ajfa-5212	280	7	ymedian	ymedian	PROPN
ajfa-5212	280	8	(	(	PUNCT
ajfa-5212	280	9	m	m	PROPN
ajfa-5212	280	10	)	)	PUNCT
ajfa-5212	280	11	of	of	ADP
ajfa-5212	280	12	the	the	DET
ajfa-5212	280	13	variables	variable	NOUN
ajfa-5212	280	14	in	in	ADP
ajfa-5212	280	15	each	each	DET
ajfa-5212	280	16	dimension	dimension	NOUN
ajfa-5212	280	17	are	be	AUX
ajfa-5212	280	18	examined	examine	VERB
ajfa-5212	280	19	by	by	ADP
ajfa-5212	280	20	t	t	PROPN
ajfa-5212	280	21	and	and	CCONJ
ajfa-5212	280	22	the	the	DET
ajfa-5212	280	23	wilcoxon	wilcoxon	ADJ
ajfa-5212	280	24	rank	rank	NOUN
ajfa-5212	280	25	sum	sum	NOUN
ajfa-5212	280	26	tests	test	NOUN
ajfa-5212	280	27	.	.	PUNCT
ajfa-5212	281	1	*	*	PUNCT
ajfa-5212	281	2	*	*	PUNCT
ajfa-5212	281	3	*	*	PUNCT
ajfa-5212	281	4	,	,	PUNCT
ajfa-5212	281	5	*	*	PUNCT
ajfa-5212	281	6	*	*	PUNCT
ajfa-5212	281	7	and	and	CCONJ
ajfa-5212	281	8	*	*	PUNCT
ajfa-5212	281	9	indicate	indicate	VERB
ajfa-5212	281	10	significance	significance	NOUN
ajfa-5212	281	11	at	at	ADP
ajfa-5212	281	12	the	the	DET
ajfa-5212	281	13	0.01	0.01	NUM
ajfa-5212	281	14	,	,	PUNCT
ajfa-5212	281	15	0.05	0.05	NUM
ajfa-5212	281	16	and	and	CCONJ
ajfa-5212	281	17	0.1	0.1	NUM
ajfa-5212	281	18	levels	level	NOUN
ajfa-5212	281	19	,	,	PUNCT
ajfa-5212	281	20	respectively	respectively	ADV
ajfa-5212	281	21	.	.	PUNCT
ajfa-5212	282	1	note	note	VERB
ajfa-5212	282	2	2	2	NUM
ajfa-5212	282	3	:	:	PUNCT
ajfa-5212	282	4	for	for	ADP
ajfa-5212	282	5	simplicity	simplicity	NOUN
ajfa-5212	282	6	,	,	PUNCT
ajfa-5212	282	7	table	table	NOUN
ajfa-5212	282	8	2	2	NUM
ajfa-5212	282	9	does	do	AUX
ajfa-5212	282	10	not	not	PART
ajfa-5212	282	11	present	present	VERB
ajfa-5212	282	12	the	the	DET
ajfa-5212	282	13	descriptive	descriptive	ADJ
ajfa-5212	282	14	statistics	statistic	NOUN
ajfa-5212	282	15	of	of	ADP
ajfa-5212	282	16	the	the	DET
ajfa-5212	282	17	dummy	dummy	ADJ
ajfa-5212	282	18	variable	variable	NOUN
ajfa-5212	282	19	com_01	com_01	PROPN
ajfa-5212	282	20	-	-	NOUN
ajfa-5212	282	21	com_09	com_09	PROPN
ajfa-5212	282	22	in	in	ADP
ajfa-5212	282	23	dimension	dimension	NOUN
ajfa-5212	282	24	com	com	NOUN
ajfa-5212	282	25	.	.	PUNCT
ajfa-5212	283	1	the	the	DET
ajfa-5212	283	2	empirical	empirical	ADJ
ajfa-5212	283	3	findings	finding	NOUN
ajfa-5212	283	4	in	in	ADP
ajfa-5212	283	5	table	table	NOUN
ajfa-5212	283	6	3	3	NUM
ajfa-5212	283	7	indicate	indicate	VERB
ajfa-5212	283	8	that	that	SCONJ
ajfa-5212	283	9	enterprises	enterprise	NOUN
ajfa-5212	283	10	featured	feature	VERB
ajfa-5212	283	11	by	by	ADP
ajfa-5212	283	12	“	"	PUNCT
ajfa-5212	283	13	large	large	ADJ
ajfa-5212	283	14	size	size	NOUN
ajfa-5212	283	15	and	and	CCONJ
ajfa-5212	283	16	a	a	DET
ajfa-5212	283	17	long	long	ADJ
ajfa-5212	283	18	period	period	NOUN
ajfa-5212	283	19	of	of	ADP
ajfa-5212	283	20	time	time	NOUN
ajfa-5212	283	21	in	in	ADP
ajfa-5212	283	22	existence	existence	NOUN
ajfa-5212	283	23	”	"	PUNCT
ajfa-5212	283	24	have	have	VERB
ajfa-5212	283	25	good	good	ADJ
ajfa-5212	283	26	information	information	NOUN
ajfa-5212	283	27	transparency	transparency	NOUN
ajfa-5212	283	28	and	and	CCONJ
ajfa-5212	283	29	tend	tend	VERB
ajfa-5212	283	30	to25	to25	PROPN
ajfa-5212	283	31	build	build	VERB
ajfa-5212	283	32	relationships	relationship	NOUN
ajfa-5212	283	33	with	with	ADP
ajfa-5212	283	34	banks	bank	NOUN
ajfa-5212	283	35	with	with	ADP
ajfa-5212	283	36	“	"	PUNCT
ajfa-5212	283	37	wobd	wobd	NOUN
ajfa-5212	283	38	”	"	PUNCT
ajfa-5212	283	39	.	.	PUNCT
ajfa-5212	284	1	the	the	DET
ajfa-5212	284	2	coefficients	coefficient	NOUN
ajfa-5212	284	3	of	of	ADP
ajfa-5212	284	4	the	the	DET
ajfa-5212	284	5	regression	regression	NOUN
ajfa-5212	284	6	model	model	NOUN
ajfa-5212	284	7	for	for	ADP
ajfa-5212	284	8	msbs	msbs	NOUN
ajfa-5212	284	9	are	be	AUX
ajfa-5212	284	10	0.18	0.18	NUM
ajfa-5212	284	11	and	and	CCONJ
ajfa-5212	284	12	0.001	0.001	NUM
ajfa-5212	284	13	,	,	PUNCT
ajfa-5212	284	14	and	and	CCONJ
ajfa-5212	284	15	for	for	ADP
ajfa-5212	284	16	mlbs	mlb	NOUN
ajfa-5212	284	17	are	be	AUX
ajfa-5212	284	18	0.30	0.30	NUM
ajfa-5212	284	19	and	and	CCONJ
ajfa-5212	284	20	0.009	0.009	NUM
ajfa-5212	284	21	,	,	PUNCT
ajfa-5212	284	22	respectively	respectively	ADV
ajfa-5212	284	23	.	.	PUNCT
ajfa-5212	285	1	although	although	SCONJ
ajfa-5212	285	2	“	"	PUNCT
ajfa-5212	285	3	large	large	ADJ
ajfa-5212	285	4	size	size	NOUN
ajfa-5212	285	5	and	and	CCONJ
ajfa-5212	285	6	a	a	DET
ajfa-5212	285	7	long	long	ADJ
ajfa-5212	285	8	period	period	NOUN
ajfa-5212	285	9	of	of	ADP
ajfa-5212	285	10	time	time	NOUN
ajfa-5212	285	11	in	in	ADP
ajfa-5212	285	12	existence	existence	NOUN
ajfa-5212	285	13	”	"	PUNCT
ajfa-5212	285	14	are	be	AUX
ajfa-5212	285	15	symbols	symbol	NOUN
ajfa-5212	285	16	of	of	ADP
ajfa-5212	285	17	good	good	ADJ
ajfa-5212	285	18	information	information	NOUN
ajfa-5212	285	19	transparency	transparency	NOUN
ajfa-5212	285	20	,	,	PUNCT
ajfa-5212	285	21	they	they	PRON
ajfa-5212	285	22	are	be	AUX
ajfa-5212	285	23	not	not	PART
ajfa-5212	285	24	an	an	DET
ajfa-5212	285	25	assurance	assurance	NOUN
ajfa-5212	285	26	of	of	ADP
ajfa-5212	285	27	less	less	ADJ
ajfa-5212	285	28	operating	operating	NOUN
ajfa-5212	285	29	risk	risk	NOUN
ajfa-5212	285	30	.	.	PUNCT
ajfa-5212	286	1	therefore	therefore	ADV
ajfa-5212	286	2	banks	bank	NOUN
ajfa-5212	286	3	should	should	AUX
ajfa-5212	286	4	deal	deal	VERB
ajfa-5212	286	5	with	with	ADP
ajfa-5212	286	6	loan	loan	NOUN
ajfa-5212	286	7	applications	application	NOUN
ajfa-5212	286	8	more	more	ADV
ajfa-5212	286	9	prudently	prudently	ADV
ajfa-5212	286	10	,	,	PUNCT
ajfa-5212	286	11	especially	especially	ADV
ajfa-5212	286	12	during	during	ADP
ajfa-5212	286	13	times	time	NOUN
ajfa-5212	286	14	of	of	ADP
ajfa-5212	286	15	recession	recession	NOUN
ajfa-5212	286	16	.	.	PUNCT
ajfa-5212	287	1	if	if	SCONJ
ajfa-5212	287	2	banks	bank	NOUN
ajfa-5212	287	3	do	do	AUX
ajfa-5212	287	4	not	not	PART
ajfa-5212	287	5	have	have	VERB
ajfa-5212	287	6	a	a	DET
ajfa-5212	287	7	sound	sound	ADJ
ajfa-5212	287	8	risk	risk	NOUN
ajfa-5212	287	9	limiting	limit	VERB
ajfa-5212	287	10	system	system	NOUN
ajfa-5212	287	11	,	,	PUNCT
ajfa-5212	287	12	nor	nor	CCONJ
ajfa-5212	287	13	a	a	DET
ajfa-5212	287	14	facilities	facility	NOUN
ajfa-5212	287	15	ratings	rating	NOUN
ajfa-5212	287	16	system	system	NOUN
ajfa-5212	287	17	to	to	PART
ajfa-5212	287	18	manage	manage	VERB
ajfa-5212	287	19	industry	industry	NOUN
ajfa-5212	287	20	concentration	concentration	NOUN
ajfa-5212	287	21	risk	risk	NOUN
ajfa-5212	287	22	and	and	CCONJ
ajfa-5212	287	23	they	they	PRON
ajfa-5212	287	24	blindly	blindly	ADV
ajfa-5212	287	25	adopt	adopt	VERB
ajfa-5212	287	26	the	the	DET
ajfa-5212	287	27	lending	lending	NOUN
ajfa-5212	287	28	business	business	NOUN
ajfa-5212	287	29	practices	practice	NOUN
ajfa-5212	287	30	of	of	ADP
ajfa-5212	287	31	borrowers	borrower	NOUN
ajfa-5212	287	32	with	with	ADP
ajfa-5212	287	33	highly	highly	ADV
ajfa-5212	287	34	transparent	transparent	ADJ
ajfa-5212	287	35	information	information	NOUN
ajfa-5212	287	36	,	,	PUNCT
ajfa-5212	287	37	they	they	PRON
ajfa-5212	287	38	may	may	AUX
ajfa-5212	287	39	suffer	suffer	VERB
ajfa-5212	287	40	considerable	considerable	ADJ
ajfa-5212	287	41	losses	loss	NOUN
ajfa-5212	287	42	in	in	ADP
ajfa-5212	287	43	the	the	DET
ajfa-5212	287	44	near	near	ADJ
ajfa-5212	287	45	future	future	NOUN
ajfa-5212	287	46	.	.	PUNCT
ajfa-5212	288	1	this	this	DET
ajfa-5212	288	2	phenomenon	phenomenon	NOUN
ajfa-5212	288	3	has	have	AUX
ajfa-5212	288	4	become	become	VERB
ajfa-5212	288	5	even	even	ADV
ajfa-5212	288	6	more	more	ADV
ajfa-5212	288	7	severe	severe	ADJ
ajfa-5212	288	8	due	due	ADP
ajfa-5212	288	9	to	to	ADP
ajfa-5212	288	10	the	the	DET
ajfa-5212	288	11	lending	lending	NOUN
ajfa-5212	288	12	market	market	NOUN
ajfa-5212	288	13	facing	face	VERB
ajfa-5212	288	14	intense	intense	ADJ
ajfa-5212	288	15	competition	competition	NOUN
ajfa-5212	288	16	after	after	ADP
ajfa-5212	288	17	the	the	DET
ajfa-5212	288	18	announcement	announcement	NOUN
ajfa-5212	288	19	of	of	ADP
ajfa-5212	288	20	asian	asian	ADJ
ajfa-5212	288	21	journal	journal	NOUN
ajfa-5212	288	22	of	of	ADP
ajfa-5212	288	23	finance	finance	PROPN
ajfa-5212	288	24	&	&	CCONJ
ajfa-5212	288	25	accounting	accounting	PROPN
ajfa-5212	288	26	issn	issn	PROPN
ajfa-5212	288	27	1946	1946	NUM
ajfa-5212	288	28	-	-	PUNCT
ajfa-5212	288	29	052x	052x	PROPN
ajfa-5212	288	30	2014	2014	NUM
ajfa-5212	288	31	,	,	PUNCT
ajfa-5212	288	32	vol	vol	NOUN
ajfa-5212	288	33	.	.	PROPN
ajfa-5212	288	34	6	6	NUM
ajfa-5212	288	35	,	,	PUNCT
ajfa-5212	288	36	no	no	INTJ
ajfa-5212	288	37	.	.	NOUN
ajfa-5212	288	38	1	1	NUM
ajfa-5212	288	39	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	288	40	189	189	NUM
ajfa-5212	288	41	the	the	DET
ajfa-5212	288	42	policy	policy	NOUN
ajfa-5212	288	43	to	to	PART
ajfa-5212	288	44	approve	approve	VERB
ajfa-5212	288	45	the	the	DET
ajfa-5212	288	46	establishment	establishment	NOUN
ajfa-5212	288	47	of	of	ADP
ajfa-5212	288	48	new	new	ADJ
ajfa-5212	288	49	banks	bank	NOUN
ajfa-5212	288	50	.	.	PUNCT
ajfa-5212	289	1	banks	bank	NOUN
ajfa-5212	289	2	with	with	ADP
ajfa-5212	289	3	high	high	ADJ
ajfa-5212	289	4	credit	credit	NOUN
ajfa-5212	289	5	risk	risk	NOUN
ajfa-5212	289	6	purposely	purposely	ADV
ajfa-5212	289	7	expand	expand	VERB
ajfa-5212	289	8	and	and	CCONJ
ajfa-5212	289	9	extend	extend	VERB
ajfa-5212	289	10	their	their	PRON
ajfa-5212	289	11	conditions	condition	NOUN
ajfa-5212	289	12	and	and	CCONJ
ajfa-5212	289	13	criteria	criterion	NOUN
ajfa-5212	289	14	of	of	ADP
ajfa-5212	289	15	lending	lending	NOUN
ajfa-5212	289	16	to	to	PART
ajfa-5212	289	17	attract	attract	VERB
ajfa-5212	289	18	new	new	ADJ
ajfa-5212	289	19	and	and	CCONJ
ajfa-5212	289	20	opaque	opaque	ADJ
ajfa-5212	289	21	companies	company	NOUN
ajfa-5212	289	22	(	(	PUNCT
ajfa-5212	289	23	the	the	DET
ajfa-5212	289	24	coefficient	coefficient	NOUN
ajfa-5212	289	25	is	be	AUX
ajfa-5212	289	26	-0.04	-0.04	NUM
ajfa-5212	289	27	)	)	PUNCT
ajfa-5212	289	28	.	.	PUNCT
ajfa-5212	290	1	from	from	ADP
ajfa-5212	290	2	the	the	DET
ajfa-5212	290	3	perspective	perspective	NOUN
ajfa-5212	290	4	of	of	ADP
ajfa-5212	290	5	the	the	DET
ajfa-5212	290	6	organization	organization	NOUN
ajfa-5212	290	7	type	type	NOUN
ajfa-5212	290	8	and	and	CCONJ
ajfa-5212	290	9	industry	industry	NOUN
ajfa-5212	290	10	of	of	ADP
ajfa-5212	290	11	the	the	DET
ajfa-5212	290	12	enterprise	enterprise	NOUN
ajfa-5212	290	13	,	,	PUNCT
ajfa-5212	290	14	compared	compare	VERB
ajfa-5212	290	15	to	to	ADP
ajfa-5212	290	16	private	private	ADJ
ajfa-5212	290	17	enterprises	enterprise	NOUN
ajfa-5212	290	18	,	,	PUNCT
ajfa-5212	290	19	foreign	foreign	ADJ
ajfa-5212	290	20	companies	company	NOUN
ajfa-5212	290	21	prefer	prefer	VERB
ajfa-5212	290	22	establishing	establish	VERB
ajfa-5212	290	23	relationship	relationship	NOUN
ajfa-5212	290	24	with	with	ADP
ajfa-5212	290	25	low	low	ADJ
ajfa-5212	290	26	credit	credit	NOUN
ajfa-5212	290	27	risk	risk	NOUN
ajfa-5212	290	28	bank	bank	NOUN
ajfa-5212	290	29	(	(	PUNCT
ajfa-5212	290	30	the	the	DET
ajfa-5212	290	31	coefficient	coefficient	NOUN
ajfa-5212	290	32	is	be	AUX
ajfa-5212	290	33	-1.02	-1.02	ADJ
ajfa-5212	290	34	)	)	PUNCT
ajfa-5212	290	35	.	.	PUNCT
ajfa-5212	291	1	compared	compare	VERB
ajfa-5212	291	2	to	to	ADP
ajfa-5212	291	3	sole	sole	ADJ
ajfa-5212	291	4	proprietorships	proprietorship	NOUN
ajfa-5212	291	5	,	,	PUNCT
ajfa-5212	291	6	partnerships	partnership	NOUN
ajfa-5212	291	7	and	and	CCONJ
ajfa-5212	291	8	limited	limited	ADJ
ajfa-5212	291	9	companies	company	NOUN
ajfa-5212	291	10	,	,	PUNCT
ajfa-5212	291	11	it	it	PRON
ajfa-5212	291	12	seems	seem	VERB
ajfa-5212	291	13	that	that	SCONJ
ajfa-5212	291	14	corporations	corporation	NOUN
ajfa-5212	291	15	prefer	prefer	VERB
ajfa-5212	291	16	building	build	VERB
ajfa-5212	291	17	relationships	relationship	NOUN
ajfa-5212	291	18	with	with	ADP
ajfa-5212	291	19	low	low	ADJ
ajfa-5212	291	20	credit	credit	NOUN
ajfa-5212	291	21	risk	risk	NOUN
ajfa-5212	291	22	banks	bank	NOUN
ajfa-5212	291	23	(	(	PUNCT
ajfa-5212	291	24	the	the	DET
ajfa-5212	291	25	coefficient	coefficient	NOUN
ajfa-5212	291	26	is	be	AUX
ajfa-5212	291	27	-0.04	-0.04	NUM
ajfa-5212	291	28	)	)	PUNCT
ajfa-5212	291	29	.	.	PUNCT
ajfa-5212	292	1	compared	compare	VERB
ajfa-5212	292	2	to	to	ADP
ajfa-5212	292	3	the	the	DET
ajfa-5212	292	4	construction	construction	NOUN
ajfa-5212	292	5	and	and	CCONJ
ajfa-5212	292	6	real	real	ADJ
ajfa-5212	292	7	estate	estate	NOUN
ajfa-5212	292	8	industry	industry	NOUN
ajfa-5212	292	9	,	,	PUNCT
ajfa-5212	292	10	it	it	PRON
ajfa-5212	292	11	seems	seem	VERB
ajfa-5212	292	12	that	that	SCONJ
ajfa-5212	292	13	firms	firm	NOUN
ajfa-5212	292	14	within	within	ADP
ajfa-5212	292	15	the	the	DET
ajfa-5212	292	16	electronic	electronic	ADJ
ajfa-5212	292	17	and	and	CCONJ
ajfa-5212	292	18	the	the	DET
ajfa-5212	292	19	non	non	ADJ
ajfa-5212	292	20	-	-	ADJ
ajfa-5212	292	21	electronic	electronic	ADJ
ajfa-5212	292	22	manufacturing	manufacturing	NOUN
ajfa-5212	292	23	industries	industry	NOUN
ajfa-5212	292	24	and	and	CCONJ
ajfa-5212	292	25	wholesale	wholesale	ADJ
ajfa-5212	292	26	industries	industry	NOUN
ajfa-5212	292	27	(	(	PUNCT
ajfa-5212	292	28	the	the	DET
ajfa-5212	292	29	coefficients	coefficient	NOUN
ajfa-5212	292	30	are	be	AUX
ajfa-5212	292	31	0.11	0.11	NUM
ajfa-5212	292	32	,	,	PUNCT
ajfa-5212	292	33	0.06	0.06	NUM
ajfa-5212	292	34	and	and	CCONJ
ajfa-5212	292	35	0.24	0.24	NUM
ajfa-5212	292	36	,	,	PUNCT
ajfa-5212	292	37	respectively	respectively	ADV
ajfa-5212	292	38	)	)	PUNCT
ajfa-5212	292	39	prefer	prefer	VERB
ajfa-5212	292	40	to	to	PART
ajfa-5212	292	41	build	build	VERB
ajfa-5212	292	42	relationships	relationship	NOUN
ajfa-5212	292	43	with	with	ADP
ajfa-5212	292	44	high	high	ADJ
ajfa-5212	292	45	credit	credit	NOUN
ajfa-5212	292	46	risk	risk	NOUN
ajfa-5212	292	47	bank	bank	NOUN
ajfa-5212	292	48	.	.	PUNCT
ajfa-5212	293	1	compared	compare	VERB
ajfa-5212	293	2	to	to	ADP
ajfa-5212	293	3	privately	privately	ADV
ajfa-5212	293	4	-	-	PUNCT
ajfa-5212	293	5	held	hold	VERB
ajfa-5212	293	6	companies	company	NOUN
ajfa-5212	293	7	,	,	PUNCT
ajfa-5212	293	8	it	it	PRON
ajfa-5212	293	9	seems	seem	VERB
ajfa-5212	293	10	that	that	SCONJ
ajfa-5212	293	11	publicly	publicly	ADV
ajfa-5212	293	12	-	-	PUNCT
ajfa-5212	293	13	held	hold	VERB
ajfa-5212	293	14	companies	company	NOUN
ajfa-5212	293	15	(	(	PUNCT
ajfa-5212	293	16	the	the	DET
ajfa-5212	293	17	coefficient	coefficient	NOUN
ajfa-5212	293	18	is	be	AUX
ajfa-5212	293	19	0.28	0.28	NUM
ajfa-5212	293	20	,	,	PUNCT
ajfa-5212	293	21	and	and	CCONJ
ajfa-5212	293	22	the	the	DET
ajfa-5212	293	23	odds	odd	NOUN
ajfa-5212	293	24	ratio	ratio	NOUN
ajfa-5212	293	25	is	be	AUX
ajfa-5212	293	26	1.32	1.32	NUM
ajfa-5212	293	27	)	)	PUNCT
ajfa-5212	293	28	prefer	prefer	VERB
ajfa-5212	293	29	to	to	PART
ajfa-5212	293	30	build	build	VERB
ajfa-5212	293	31	relationships	relationship	NOUN
ajfa-5212	293	32	with	with	ADP
ajfa-5212	293	33	high	high	ADJ
ajfa-5212	293	34	credit	credit	NOUN
ajfa-5212	293	35	risk	risk	NOUN
ajfa-5212	293	36	banks	bank	NOUN
ajfa-5212	293	37	.	.	PUNCT
ajfa-5212	294	1	compared	compare	VERB
ajfa-5212	294	2	to	to	ADP
ajfa-5212	294	3	publicly	publicly	ADV
ajfa-5212	294	4	-	-	PUNCT
ajfa-5212	294	5	held	hold	VERB
ajfa-5212	294	6	companies	company	NOUN
ajfa-5212	294	7	,	,	PUNCT
ajfa-5212	294	8	it	it	PRON
ajfa-5212	294	9	seems	seem	VERB
ajfa-5212	294	10	that	that	SCONJ
ajfa-5212	294	11	listed	list	VERB
ajfa-5212	294	12	and	and	CCONJ
ajfa-5212	294	13	otc	otc	ADJ
ajfa-5212	294	14	firms	firm	NOUN
ajfa-5212	294	15	(	(	PUNCT
ajfa-5212	294	16	the	the	DET
ajfa-5212	294	17	coefficient	coefficient	NOUN
ajfa-5212	294	18	is	be	AUX
ajfa-5212	294	19	0.33	0.33	NUM
ajfa-5212	294	20	,	,	PUNCT
ajfa-5212	294	21	and	and	CCONJ
ajfa-5212	294	22	the	the	DET
ajfa-5212	294	23	odds	odd	NOUN
ajfa-5212	294	24	ratio	ratio	NOUN
ajfa-5212	294	25	is	be	AUX
ajfa-5212	294	26	1.4	1.4	NUM
ajfa-5212	294	27	)	)	PUNCT
ajfa-5212	294	28	prefer	prefer	VERB
ajfa-5212	294	29	to	to	PART
ajfa-5212	294	30	establish	establish	VERB
ajfa-5212	294	31	relationships	relationship	NOUN
ajfa-5212	294	32	with	with	ADP
ajfa-5212	294	33	high	high	ADJ
ajfa-5212	294	34	credit	credit	NOUN
ajfa-5212	294	35	risk	risk	NOUN
ajfa-5212	294	36	banks	bank	NOUN
ajfa-5212	294	37	.	.	PUNCT
ajfa-5212	295	1	this	this	PRON
ajfa-5212	295	2	implies	imply	VERB
ajfa-5212	295	3	that	that	SCONJ
ajfa-5212	295	4	such	such	ADJ
ajfa-5212	295	5	banks	bank	NOUN
ajfa-5212	295	6	do	do	AUX
ajfa-5212	295	7	not	not	PART
ajfa-5212	295	8	have	have	VERB
ajfa-5212	295	9	a	a	DET
ajfa-5212	295	10	comprehensive	comprehensive	ADJ
ajfa-5212	295	11	understanding	understanding	NOUN
ajfa-5212	295	12	of	of	ADP
ajfa-5212	295	13	the	the	DET
ajfa-5212	295	14	industrial	industrial	ADJ
ajfa-5212	295	15	environment	environment	NOUN
ajfa-5212	295	16	.	.	PUNCT
ajfa-5212	296	1	although	although	SCONJ
ajfa-5212	296	2	higher	high	ADJ
ajfa-5212	296	3	public	public	ADJ
ajfa-5212	296	4	offerings	offering	NOUN
ajfa-5212	296	5	will	will	AUX
ajfa-5212	296	6	accompany	accompany	VERB
ajfa-5212	296	7	those	those	DET
ajfa-5212	296	8	companies	company	NOUN
ajfa-5212	296	9	with	with	ADP
ajfa-5212	296	10	more	more	ADJ
ajfa-5212	296	11	transparency	transparency	NOUN
ajfa-5212	296	12	,	,	PUNCT
ajfa-5212	296	13	they	they	PRON
ajfa-5212	296	14	do	do	AUX
ajfa-5212	296	15	not	not	PART
ajfa-5212	296	16	guarantee	guarantee	VERB
ajfa-5212	296	17	better	well	ADJ
ajfa-5212	296	18	profitability	profitability	NOUN
ajfa-5212	296	19	.	.	PUNCT
ajfa-5212	297	1	hence	hence	ADV
ajfa-5212	297	2	,	,	PUNCT
ajfa-5212	297	3	it	it	PRON
ajfa-5212	297	4	is	be	AUX
ajfa-5212	297	5	beneficial	beneficial	ADJ
ajfa-5212	297	6	to	to	PART
ajfa-5212	297	7	remain	remain	VERB
ajfa-5212	297	8	alert	alert	ADJ
ajfa-5212	297	9	when	when	SCONJ
ajfa-5212	297	10	dealing	deal	VERB
ajfa-5212	297	11	with	with	ADP
ajfa-5212	297	12	clients	client	NOUN
ajfa-5212	297	13	in	in	ADP
ajfa-5212	297	14	such	such	ADJ
ajfa-5212	297	15	situations	situation	NOUN
ajfa-5212	297	16	to	to	PART
ajfa-5212	297	17	reduce	reduce	VERB
ajfa-5212	297	18	risk	risk	NOUN
ajfa-5212	297	19	and	and	CCONJ
ajfa-5212	297	20	enhance	enhance	VERB
ajfa-5212	297	21	performance	performance	NOUN
ajfa-5212	297	22	.	.	PUNCT
ajfa-5212	298	1	from	from	ADP
ajfa-5212	298	2	the	the	DET
ajfa-5212	298	3	perspective	perspective	NOUN
ajfa-5212	298	4	of	of	ADP
ajfa-5212	298	5	the	the	DET
ajfa-5212	298	6	borrower	borrower	NOUN
ajfa-5212	298	7	’s	’s	PART
ajfa-5212	298	8	financial	financial	ADJ
ajfa-5212	298	9	variables	variable	NOUN
ajfa-5212	298	10	,	,	PUNCT
ajfa-5212	298	11	large	large	ADJ
ajfa-5212	298	12	clients	client	NOUN
ajfa-5212	298	13	with	with	ADP
ajfa-5212	298	14	high	high	ADJ
ajfa-5212	298	15	profitability	profitability	NOUN
ajfa-5212	298	16	ratios	ratio	NOUN
ajfa-5212	298	17	,	,	PUNCT
ajfa-5212	298	18	cash	cash	NOUN
ajfa-5212	298	19	ratios	ratio	NOUN
ajfa-5212	298	20	and	and	CCONJ
ajfa-5212	298	21	r&d	r&d	NOUN
ajfa-5212	298	22	expenditure	expenditure	NOUN
ajfa-5212	298	23	ratios	ratio	NOUN
ajfa-5212	298	24	prefer	prefer	VERB
ajfa-5212	298	25	building	build	VERB
ajfa-5212	298	26	relationships	relationship	NOUN
ajfa-5212	298	27	with	with	ADP
ajfa-5212	298	28	banks	bank	NOUN
ajfa-5212	298	29	with	with	ADP
ajfa-5212	298	30	low	low	ADJ
ajfa-5212	298	31	credit	credit	NOUN
ajfa-5212	298	32	risk	risk	NOUN
ajfa-5212	298	33	(	(	PUNCT
ajfa-5212	298	34	the	the	DET
ajfa-5212	298	35	coefficients	coefficient	NOUN
ajfa-5212	298	36	are	be	AUX
ajfa-5212	298	37	-0.004	-0.004	PUNCT
ajfa-5212	298	38	,	,	PUNCT
ajfa-5212	298	39	-0.009	-0.009	PUNCT
ajfa-5212	298	40	and	and	CCONJ
ajfa-5212	298	41	-0.025	-0.025	PUNCT
ajfa-5212	298	42	,	,	PUNCT
ajfa-5212	298	43	respectively	respectively	ADV
ajfa-5212	298	44	)	)	PUNCT
ajfa-5212	298	45	.	.	PUNCT
ajfa-5212	299	1	only	only	ADV
ajfa-5212	299	2	companies	company	NOUN
ajfa-5212	299	3	with	with	ADP
ajfa-5212	299	4	high	high	ADJ
ajfa-5212	299	5	financial	financial	ADJ
ajfa-5212	299	6	leverage	leverage	NOUN
ajfa-5212	299	7	ratios	ratio	NOUN
ajfa-5212	299	8	select	select	VERB
ajfa-5212	299	9	or	or	CCONJ
ajfa-5212	299	10	are	be	AUX
ajfa-5212	299	11	accepted	accept	VERB
ajfa-5212	299	12	by	by	ADP
ajfa-5212	299	13	banks	bank	NOUN
ajfa-5212	299	14	with	with	ADP
ajfa-5212	299	15	high	high	ADJ
ajfa-5212	299	16	credit	credit	NOUN
ajfa-5212	299	17	risk	risk	NOUN
ajfa-5212	299	18	(	(	PUNCT
ajfa-5212	299	19	the	the	DET
ajfa-5212	299	20	coefficient	coefficient	NOUN
ajfa-5212	299	21	is	be	AUX
ajfa-5212	299	22	0.0005	0.0005	NUM
ajfa-5212	299	23	)	)	PUNCT
ajfa-5212	299	24	.	.	PUNCT
ajfa-5212	300	1	however	however	ADV
ajfa-5212	300	2	,	,	PUNCT
ajfa-5212	300	3	it	it	PRON
ajfa-5212	300	4	is	be	AUX
ajfa-5212	300	5	not	not	PART
ajfa-5212	300	6	worthwhile	worthwhile	ADJ
ajfa-5212	300	7	adopting	adopt	VERB
ajfa-5212	300	8	such	such	ADJ
ajfa-5212	300	9	lending	lending	NOUN
ajfa-5212	300	10	business	business	NOUN
ajfa-5212	300	11	at	at	ADP
ajfa-5212	300	12	the	the	DET
ajfa-5212	300	13	expense	expense	NOUN
ajfa-5212	300	14	of	of	ADP
ajfa-5212	300	15	increasing	increase	VERB
ajfa-5212	300	16	credit	credit	NOUN
ajfa-5212	300	17	risk	risk	NOUN
ajfa-5212	300	18	.	.	PUNCT
ajfa-5212	301	1	both	both	PRON
ajfa-5212	301	2	msbs	msbs	NOUN
ajfa-5212	301	3	and	and	CCONJ
ajfa-5212	301	4	mlbs	mlb	NOUN
ajfa-5212	301	5	with	with	ADP
ajfa-5212	301	6	poor	poor	ADJ
ajfa-5212	301	7	credit	credit	NOUN
ajfa-5212	301	8	records	record	NOUN
ajfa-5212	301	9	prefer	prefer	VERB
ajfa-5212	301	10	building	build	VERB
ajfa-5212	301	11	relationships	relationship	NOUN
ajfa-5212	301	12	with	with	ADP
ajfa-5212	301	13	low	low	ADJ
ajfa-5212	301	14	credit	credit	NOUN
ajfa-5212	301	15	risk	risk	NOUN
ajfa-5212	301	16	banks	bank	NOUN
ajfa-5212	301	17	(	(	PUNCT
ajfa-5212	301	18	the	the	DET
ajfa-5212	301	19	coefficient	coefficient	NOUN
ajfa-5212	301	20	in	in	ADP
ajfa-5212	301	21	large	large	ADJ
ajfa-5212	301	22	companies	company	NOUN
ajfa-5212	301	23	is	be	AUX
ajfa-5212	301	24	-2.12	-2.12	NOUN
ajfa-5212	301	25	,	,	PUNCT
ajfa-5212	301	26	which	which	PRON
ajfa-5212	301	27	is	be	AUX
ajfa-5212	301	28	significant	significant	ADJ
ajfa-5212	301	29	at	at	ADP
ajfa-5212	301	30	the	the	DET
ajfa-5212	301	31	1	1	NUM
ajfa-5212	301	32	%	%	NOUN
ajfa-5212	301	33	level	level	NOUN
ajfa-5212	301	34	)	)	PUNCT
ajfa-5212	301	35	.	.	PUNCT
ajfa-5212	302	1	if	if	SCONJ
ajfa-5212	302	2	the	the	DET
ajfa-5212	302	3	credit	credit	NOUN
ajfa-5212	302	4	score	score	NOUN
ajfa-5212	302	5	of	of	ADP
ajfa-5212	302	6	the	the	DET
ajfa-5212	302	7	borrower	borrower	NOUN
ajfa-5212	302	8	’s	’s	PART
ajfa-5212	302	9	chairperson	chairperson	NOUN
ajfa-5212	302	10	is	be	AUX
ajfa-5212	302	11	increasing	increase	VERB
ajfa-5212	302	12	,	,	PUNCT
ajfa-5212	302	13	it	it	PRON
ajfa-5212	302	14	will	will	AUX
ajfa-5212	302	15	tend	tend	VERB
ajfa-5212	302	16	to	to	PART
ajfa-5212	302	17	access	access	VERB
ajfa-5212	302	18	finance	finance	NOUN
ajfa-5212	302	19	from	from	ADP
ajfa-5212	302	20	low	low	ADJ
ajfa-5212	302	21	credit	credit	NOUN
ajfa-5212	302	22	risk	risk	NOUN
ajfa-5212	302	23	banks	bank	NOUN
ajfa-5212	302	24	.	.	PUNCT
ajfa-5212	303	1	the	the	DET
ajfa-5212	303	2	coefficients	coefficient	NOUN
ajfa-5212	303	3	of	of	ADP
ajfa-5212	303	4	the	the	DET
ajfa-5212	303	5	msbs	msbs	NOUN
ajfa-5212	303	6	and	and	CCONJ
ajfa-5212	303	7	mlbs	mlb	NOUN
ajfa-5212	303	8	are	be	AUX
ajfa-5212	303	9	-0.0006	-0.0006	ADJ
ajfa-5212	303	10	and	and	CCONJ
ajfa-5212	303	11	-0.0035	-0.0035	PROPN
ajfa-5212	303	12	,	,	PUNCT
ajfa-5212	303	13	respectively	respectively	ADV
ajfa-5212	303	14	.	.	PUNCT
ajfa-5212	304	1	this	this	PRON
ajfa-5212	304	2	perhaps	perhaps	ADV
ajfa-5212	304	3	reflects	reflect	VERB
ajfa-5212	304	4	the	the	DET
ajfa-5212	304	5	fact	fact	NOUN
ajfa-5212	304	6	that	that	SCONJ
ajfa-5212	304	7	banks	bank	NOUN
ajfa-5212	304	8	with	with	ADP
ajfa-5212	304	9	low	low	ADJ
ajfa-5212	304	10	credit	credit	NOUN
ajfa-5212	304	11	risk	risk	NOUN
ajfa-5212	304	12	have	have	AUX
ajfa-5212	304	13	low	low	ADJ
ajfa-5212	304	14	liquidity	liquidity	NOUN
ajfa-5212	304	15	risk	risk	NOUN
ajfa-5212	304	16	.	.	PUNCT
ajfa-5212	305	1	therefore	therefore	ADV
ajfa-5212	305	2	,	,	PUNCT
ajfa-5212	305	3	they	they	PRON
ajfa-5212	305	4	should	should	AUX
ajfa-5212	305	5	be	be	AUX
ajfa-5212	305	6	concerned	concern	VERB
ajfa-5212	305	7	about	about	ADP
ajfa-5212	305	8	the	the	DET
ajfa-5212	305	9	prospects	prospect	NOUN
ajfa-5212	305	10	of	of	ADP
ajfa-5212	305	11	such	such	DET
ajfa-5212	305	12	a	a	DET
ajfa-5212	305	13	company	company	NOUN
ajfa-5212	305	14	and	and	CCONJ
ajfa-5212	305	15	only	only	ADV
ajfa-5212	305	16	with	with	ADP
ajfa-5212	305	17	caution	caution	NOUN
ajfa-5212	305	18	agree	agree	VERB
ajfa-5212	305	19	to	to	PART
ajfa-5212	305	20	meet	meet	VERB
ajfa-5212	305	21	the	the	DET
ajfa-5212	305	22	financing	financing	NOUN
ajfa-5212	305	23	demands	demand	NOUN
ajfa-5212	305	24	of	of	ADP
ajfa-5212	305	25	the	the	DET
ajfa-5212	305	26	company	company	NOUN
ajfa-5212	305	27	.	.	PUNCT
ajfa-5212	306	1	it	it	PRON
ajfa-5212	306	2	is	be	AUX
ajfa-5212	306	3	critical	critical	ADJ
ajfa-5212	306	4	to	to	PART
ajfa-5212	306	5	only	only	ADV
ajfa-5212	306	6	proceed	proceed	VERB
ajfa-5212	306	7	if	if	SCONJ
ajfa-5212	306	8	the	the	DET
ajfa-5212	306	9	bank	bank	NOUN
ajfa-5212	306	10	receives	receive	VERB
ajfa-5212	306	11	assurances	assurance	NOUN
ajfa-5212	306	12	from	from	ADP
ajfa-5212	306	13	the	the	DET
ajfa-5212	306	14	chairperson	chairperson	NOUN
ajfa-5212	306	15	or	or	CCONJ
ajfa-5212	306	16	directors	director	NOUN
ajfa-5212	306	17	or	or	CCONJ
ajfa-5212	306	18	supervisors	supervisor	NOUN
ajfa-5212	306	19	.	.	PUNCT
ajfa-5212	307	1	asian	asian	ADJ
ajfa-5212	307	2	journal	journal	PROPN
ajfa-5212	307	3	of	of	ADP
ajfa-5212	307	4	finance	finance	PROPN
ajfa-5212	307	5	&	&	CCONJ
ajfa-5212	307	6	accounting	accounting	PROPN
ajfa-5212	307	7	issn	issn	PROPN
ajfa-5212	307	8	1946	1946	NUM
ajfa-5212	307	9	-	-	PUNCT
ajfa-5212	307	10	052x	052x	PROPN
ajfa-5212	307	11	2014	2014	NUM
ajfa-5212	307	12	,	,	PUNCT
ajfa-5212	307	13	vol	vol	NOUN
ajfa-5212	307	14	.	.	PROPN
ajfa-5212	307	15	6	6	NUM
ajfa-5212	307	16	,	,	PUNCT
ajfa-5212	307	17	no	no	INTJ
ajfa-5212	307	18	.	.	NOUN
ajfa-5212	307	19	1	1	NUM
ajfa-5212	307	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	307	21	190	190	NUM
ajfa-5212	307	22	table	table	NOUN
ajfa-5212	307	23	3	3	NUM
ajfa-5212	307	24	.	.	PUNCT
ajfa-5212	308	1	using	use	VERB
ajfa-5212	308	2	logit	logit	PROPN
ajfa-5212	308	3	model	model	NOUN
ajfa-5212	308	4	to	to	PART
ajfa-5212	308	5	distinguish	distinguish	VERB
ajfa-5212	308	6	credit	credit	NOUN
ajfa-5212	308	7	risk	risk	NOUN
ajfa-5212	308	8	by	by	ADP
ajfa-5212	308	9	“	"	PUNCT
ajfa-5212	308	10	wobd	wobd	NOUN
ajfa-5212	308	11	”	"	PUNCT
ajfa-5212	308	12	event	event	NOUN
ajfa-5212	308	13	dimensions	dimension	NOUN
ajfa-5212	308	14	status_01	status_01	PROPN
ajfa-5212	308	15	msbs	msbs	PROPN
ajfa-5212	308	16	odd	odd	ADJ
ajfa-5212	308	17	ratio	ratio	NOUN
ajfa-5212	308	18	mlbs	mlbs	PROPN
ajfa-5212	308	19	odd	odd	ADJ
ajfa-5212	308	20	ratio	ratio	NOUN
ajfa-5212	308	21	intercept	intercept	VERB
ajfa-5212	308	22	0.283	0.283	NUM
ajfa-5212	308	23	*	*	PUNCT
ajfa-5212	308	24	*	*	PUNCT
ajfa-5212	308	25	*	*	PUNCT
ajfa-5212	309	1	2.2194	2.2194	NUM
ajfa-5212	309	2	*	*	PUNCT
ajfa-5212	309	3	*	*	PUNCT
ajfa-5212	309	4	*	*	PUNCT
ajfa-5212	309	5	info	info	NOUN
ajfa-5212	309	6	info_01	info_01	PROPN
ajfa-5212	309	7	0.1801	0.1801	NUM
ajfa-5212	309	8	*	*	PUNCT
ajfa-5212	309	9	*	*	PUNCT
ajfa-5212	309	10	*	*	PUNCT
ajfa-5212	309	11	1.197	1.197	NUM
ajfa-5212	309	12	info_02	info_02	PROPN
ajfa-5212	309	13	0.2966	0.2966	NUM
ajfa-5212	309	14	*	*	PUNCT
ajfa-5212	309	15	*	*	PUNCT
ajfa-5212	309	16	*	*	PUNCT
ajfa-5212	309	17	1.345	1.345	NUM
ajfa-5212	309	18	info_03	info_03	NOUN
ajfa-5212	309	19	0.00105	0.00105	NUM
ajfa-5212	309	20	*	*	PUNCT
ajfa-5212	309	21	*	*	PUNCT
ajfa-5212	309	22	*	*	PUNCT
ajfa-5212	309	23	1.001	1.001	NUM
ajfa-5212	309	24	0.0009	0.0009	NUM
ajfa-5212	309	25	*	*	PUNCT
ajfa-5212	309	26	*	*	PUNCT
ajfa-5212	309	27	*	*	PUNCT
ajfa-5212	309	28	1.001	1.001	NUM
ajfa-5212	309	29	info_04	info_04	NOUN
ajfa-5212	309	30	-0.0417	-0.0417	NOUN
ajfa-5212	309	31	*	*	NOUN
ajfa-5212	309	32	*	*	X
ajfa-5212	309	33	0.959	0.959	NUM
ajfa-5212	309	34	0.1412	0.1412	NUM
ajfa-5212	309	35	*	*	PUNCT
ajfa-5212	309	36	*	*	PUNCT
ajfa-5212	309	37	1.152	1.152	NUM
ajfa-5212	309	38	com	com	NOUN
ajfa-5212	309	39	com_01	com_01	PROPN
ajfa-5212	309	40	0.2787	0.2787	NUM
ajfa-5212	309	41	*	*	PUNCT
ajfa-5212	309	42	*	*	PROPN
ajfa-5212	309	43	1.321	1.321	NUM
ajfa-5212	309	44	com_02	com_02	PROPN
ajfa-5212	309	45	0.3326	0.3326	NUM
ajfa-5212	309	46	*	*	PUNCT
ajfa-5212	309	47	*	*	PUNCT
ajfa-5212	309	48	*	*	PUNCT
ajfa-5212	309	49	1.395	1.395	NUM
ajfa-5212	309	50	com_03	com_03	PROPN
ajfa-5212	309	51	-0.0429	-0.0429	NOUN
ajfa-5212	309	52	*	*	PUNCT
ajfa-5212	309	53	*	*	PUNCT
ajfa-5212	309	54	*	*	PUNCT
ajfa-5212	309	55	0.958	0.958	NUM
ajfa-5212	309	56	com_04	com_04	PROPN
ajfa-5212	309	57	-0.1043	-0.1043	NOUN
ajfa-5212	309	58	0.901	0.901	NUM
ajfa-5212	309	59	-0.0962	-0.0962	NOUN
ajfa-5212	309	60	0.908	0.908	NUM
ajfa-5212	309	61	com_05	com_05	PROPN
ajfa-5212	309	62	-1.0232	-1.0232	NOUN
ajfa-5212	309	63	*	*	PUNCT
ajfa-5212	309	64	*	*	PUNCT
ajfa-5212	309	65	*	*	PUNCT
ajfa-5212	309	66	0.359	0.359	NUM
ajfa-5212	309	67	-0.9261	-0.9261	NOUN
ajfa-5212	309	68	0.396	0.396	NUM
ajfa-5212	310	1	com_06	com_06	ADP
ajfa-5212	310	2	0.0492	0.0492	NUM
ajfa-5212	310	3	1.05	1.05	NUM
ajfa-5212	310	4	8.5285	8.5285	NUM
ajfa-5212	310	5	>	>	PUNCT
ajfa-5212	310	6	999.999	999.999	NUM
ajfa-5212	310	7	com_07	com_07	NOUN
ajfa-5212	310	8	0.1149	0.1149	NUM
ajfa-5212	310	9	*	*	PUNCT
ajfa-5212	310	10	*	*	PUNCT
ajfa-5212	310	11	*	*	PUNCT
ajfa-5212	310	12	1.122	1.122	NUM
ajfa-5212	310	13	0.0115	0.0115	NUM
ajfa-5212	310	14	1.012	1.012	NUM
ajfa-5212	310	15	com_08	com_08	PROPN
ajfa-5212	310	16	0.0553	0.0553	PROPN
ajfa-5212	310	17	*	*	PUNCT
ajfa-5212	310	18	*	*	PUNCT
ajfa-5212	310	19	*	*	PUNCT
ajfa-5212	310	20	1.057	1.057	NUM
ajfa-5212	310	21	0.0737	0.0737	NUM
ajfa-5212	310	22	1.077	1.077	NUM
ajfa-5212	310	23	com_09	com_09	PROPN
ajfa-5212	310	24	0.2391	0.2391	NUM
ajfa-5212	310	25	*	*	PUNCT
ajfa-5212	310	26	*	*	PUNCT
ajfa-5212	310	27	*	*	PUNCT
ajfa-5212	310	28	1.27	1.27	NUM
ajfa-5212	310	29	0.4329	0.4329	NUM
ajfa-5212	310	30	*	*	PUNCT
ajfa-5212	310	31	*	*	PUNCT
ajfa-5212	310	32	*	*	PUNCT
ajfa-5212	310	33	1.542	1.542	NUM
ajfa-5212	310	34	fin	fin	NOUN
ajfa-5212	310	35	fin_01	fin_01	PROPN
ajfa-5212	310	36	0.00054	0.00054	NUM
ajfa-5212	310	37	*	*	PUNCT
ajfa-5212	310	38	*	*	PUNCT
ajfa-5212	310	39	*	*	PUNCT
ajfa-5212	310	40	1.001	1.001	NUM
ajfa-5212	310	41	fin_02	fin_02	PROPN
ajfa-5212	310	42	-0.0247	-0.0247	NOUN
ajfa-5212	310	43	*	*	PUNCT
ajfa-5212	310	44	*	*	PUNCT
ajfa-5212	310	45	*	*	PUNCT
ajfa-5212	310	46	0.976	0.976	NUM
ajfa-5212	310	47	fin_03	fin_03	PROPN
ajfa-5212	310	48	-0.00422	-0.00422	X
ajfa-5212	310	49	*	*	PUNCT
ajfa-5212	310	50	*	*	PUNCT
ajfa-5212	310	51	*	*	X
ajfa-5212	310	52	0.996	0.996	NUM
ajfa-5212	310	53	fin_04	fin_04	PROPN
ajfa-5212	310	54	-0.00934	-0.00934	NOUN
ajfa-5212	310	55	*	*	PUNCT
ajfa-5212	310	56	*	*	PUNCT
ajfa-5212	310	57	*	*	PUNCT
ajfa-5212	310	58	0.991	0.991	NUM
ajfa-5212	310	59	credit	credit	NOUN
ajfa-5212	310	60	credit_01	credit_01	ADV
ajfa-5212	310	61	-0.00755	-0.00755	VERB
ajfa-5212	310	62	0.992	0.992	NUM
ajfa-5212	310	63	-2.1188	-2.1188	NOUN
ajfa-5212	310	64	*	*	PUNCT
ajfa-5212	310	65	*	*	PUNCT
ajfa-5212	310	66	*	*	PUNCT
ajfa-5212	310	67	0.12	0.12	NUM
ajfa-5212	310	68	credit_02	credit_02	NOUN
ajfa-5212	310	69	-0.00056	-0.00056	NOUN
ajfa-5212	311	1	*	*	PUNCT
ajfa-5212	312	1	*	*	PUNCT
ajfa-5212	312	2	*	*	X
ajfa-5212	312	3	0.999	0.999	NUM
ajfa-5212	312	4	-0.00348	-0.00348	ADJ
ajfa-5212	312	5	*	*	PUNCT
ajfa-5212	312	6	*	*	PUNCT
ajfa-5212	312	7	*	*	X
ajfa-5212	312	8	0.997	0.997	NUM
ajfa-5212	312	9	note	note	NOUN
ajfa-5212	312	10	1	1	NUM
ajfa-5212	312	11	:	:	PUNCT
ajfa-5212	312	12	*	*	PUNCT
ajfa-5212	312	13	*	*	PUNCT
ajfa-5212	312	14	*	*	PUNCT
ajfa-5212	312	15	,	,	PUNCT
ajfa-5212	312	16	*	*	PUNCT
ajfa-5212	312	17	*	*	PUNCT
ajfa-5212	312	18	and	and	CCONJ
ajfa-5212	312	19	*	*	PUNCT
ajfa-5212	312	20	denote	denote	NOUN
ajfa-5212	312	21	significance	significance	NOUN
ajfa-5212	312	22	at	at	ADP
ajfa-5212	312	23	the	the	DET
ajfa-5212	312	24	0.01	0.01	NUM
ajfa-5212	312	25	,	,	PUNCT
ajfa-5212	312	26	0.05	0.05	NUM
ajfa-5212	312	27	and	and	CCONJ
ajfa-5212	312	28	0.1	0.1	NUM
ajfa-5212	312	29	levels	level	NOUN
ajfa-5212	312	30	,	,	PUNCT
ajfa-5212	312	31	respectively	respectively	ADV
ajfa-5212	312	32	.	.	PUNCT
ajfa-5212	313	1	note	note	VERB
ajfa-5212	313	2	2	2	NUM
ajfa-5212	313	3	:	:	PUNCT
ajfa-5212	313	4	the	the	DET
ajfa-5212	313	5	likelihood	likelihood	NOUN
ajfa-5212	313	6	ratio	ratio	NOUN
ajfa-5212	313	7	(	(	PUNCT
ajfa-5212	313	8	chi	chi	ADJ
ajfa-5212	313	9	-	-	PUNCT
ajfa-5212	313	10	square	square	ADJ
ajfa-5212	313	11	value	value	NOUN
ajfa-5212	313	12	)	)	PUNCT
ajfa-5212	313	13	of	of	ADP
ajfa-5212	313	14	the	the	DET
ajfa-5212	313	15	logit	logit	PROPN
ajfa-5212	313	16	model	model	NOUN
ajfa-5212	313	17	for	for	ADP
ajfa-5212	313	18	msbs	msbs	NOUN
ajfa-5212	313	19	is	be	AUX
ajfa-5212	313	20	2,348.45	2,348.45	NUM
ajfa-5212	313	21	,	,	PUNCT
ajfa-5212	313	22	and	and	CCONJ
ajfa-5212	313	23	the	the	DET
ajfa-5212	313	24	likelihood	likelihood	NOUN
ajfa-5212	313	25	ratio	ratio	NOUN
ajfa-5212	313	26	(	(	PUNCT
ajfa-5212	313	27	chi	chi	ADJ
ajfa-5212	313	28	-	-	PUNCT
ajfa-5212	313	29	square	square	ADJ
ajfa-5212	313	30	value	value	NOUN
ajfa-5212	313	31	)	)	PUNCT
ajfa-5212	313	32	of	of	ADP
ajfa-5212	313	33	the	the	DET
ajfa-5212	313	34	logit	logit	PROPN
ajfa-5212	313	35	model	model	NOUN
ajfa-5212	313	36	for	for	ADP
ajfa-5212	313	37	mlbs	mlbs	NOUN
ajfa-5212	313	38	is	be	AUX
ajfa-5212	313	39	936.47	936.47	NUM
ajfa-5212	313	40	,	,	PUNCT
ajfa-5212	313	41	which	which	PRON
ajfa-5212	313	42	shows	show	VERB
ajfa-5212	313	43	that	that	SCONJ
ajfa-5212	313	44	the	the	DET
ajfa-5212	313	45	model	model	NOUN
ajfa-5212	313	46	had	have	VERB
ajfa-5212	313	47	good	good	ADJ
ajfa-5212	313	48	fit	fit	NOUN
ajfa-5212	313	49	at	at	ADP
ajfa-5212	313	50	the	the	DET
ajfa-5212	313	51	1	1	NUM
ajfa-5212	313	52	%	%	NOUN
ajfa-5212	313	53	level	level	NOUN
ajfa-5212	313	54	.	.	PUNCT
ajfa-5212	314	1	4.3	4.3	NUM
ajfa-5212	314	2	.	.	PUNCT
ajfa-5212	315	1	the	the	DET
ajfa-5212	315	2	logit	logit	PROPN
ajfa-5212	315	3	model	model	NOUN
ajfa-5212	315	4	distinguished	distinguish	VERB
ajfa-5212	315	5	by	by	ADP
ajfa-5212	315	6	with	with	ADP
ajfa-5212	315	7	or	or	CCONJ
ajfa-5212	315	8	without	without	ADP
ajfa-5212	315	9	“	"	PUNCT
ajfa-5212	315	10	hccl	hccl	NOUN
ajfa-5212	315	11	”	"	PUNCT
ajfa-5212	315	12	events	event	NOUN
ajfa-5212	315	13	“	"	PUNCT
ajfa-5212	315	14	hccl	hccl	PROPN
ajfa-5212	315	15	”	"	PUNCT
ajfa-5212	315	16	arises	arise	VERB
ajfa-5212	315	17	due	due	ADP
ajfa-5212	315	18	to	to	ADP
ajfa-5212	315	19	the	the	DET
ajfa-5212	315	20	failure	failure	NOUN
ajfa-5212	315	21	of	of	ADP
ajfa-5212	315	22	the	the	DET
ajfa-5212	315	23	retail	retail	ADJ
ajfa-5212	315	24	financing	financing	NOUN
ajfa-5212	315	25	business	business	NOUN
ajfa-5212	315	26	.	.	PUNCT
ajfa-5212	316	1	although	although	SCONJ
ajfa-5212	316	2	the	the	DET
ajfa-5212	316	3	clients	client	NOUN
ajfa-5212	316	4	differ	differ	VERB
ajfa-5212	316	5	from	from	ADP
ajfa-5212	316	6	the	the	DET
ajfa-5212	316	7	clients	client	NOUN
ajfa-5212	316	8	in	in	ADP
ajfa-5212	316	9	the	the	DET
ajfa-5212	316	10	case	case	NOUN
ajfa-5212	316	11	of	of	ADP
ajfa-5212	316	12	corporate	corporate	ADJ
ajfa-5212	316	13	finance	finance	NOUN
ajfa-5212	316	14	,	,	PUNCT
ajfa-5212	316	15	“	"	PUNCT
ajfa-5212	316	16	hccl	hccl	PROPN
ajfa-5212	316	17	”	"	PUNCT
ajfa-5212	316	18	is	be	AUX
ajfa-5212	316	19	still	still	ADV
ajfa-5212	316	20	an	an	DET
ajfa-5212	316	21	indicator	indicator	NOUN
ajfa-5212	316	22	of	of	ADP
ajfa-5212	316	23	credit	credit	NOUN
ajfa-5212	316	24	risk	risk	NOUN
ajfa-5212	316	25	management	management	NOUN
ajfa-5212	316	26	.	.	PUNCT
ajfa-5212	317	1	when	when	SCONJ
ajfa-5212	317	2	banks	bank	NOUN
ajfa-5212	317	3	experience	experience	VERB
ajfa-5212	317	4	“	"	PUNCT
ajfa-5212	317	5	hccl	hccl	PROPN
ajfa-5212	317	6	”	"	PUNCT
ajfa-5212	317	7	and	and	CCONJ
ajfa-5212	317	8	maintain	maintain	VERB
ajfa-5212	317	9	high	high	ADJ
ajfa-5212	317	10	npl	npl	NOUN
ajfa-5212	317	11	ratios	ratio	NOUN
ajfa-5212	317	12	,	,	PUNCT
ajfa-5212	317	13	they	they	PRON
ajfa-5212	317	14	still	still	ADV
ajfa-5212	317	15	have	have	VERB
ajfa-5212	317	16	the	the	DET
ajfa-5212	317	17	capacity	capacity	NOUN
ajfa-5212	317	18	to	to	PART
ajfa-5212	317	19	finance	finance	VERB
ajfa-5212	317	20	clients	client	NOUN
ajfa-5212	317	21	with	with	ADP
ajfa-5212	317	22	information	information	NOUN
ajfa-5212	317	23	asymmetry	asymmetry	NOUN
ajfa-5212	317	24	and	and	CCONJ
ajfa-5212	317	25	poor	poor	ADJ
ajfa-5212	317	26	credit	credit	NOUN
ajfa-5212	317	27	.	.	PUNCT
ajfa-5212	318	1	this	this	PRON
ajfa-5212	318	2	is	be	AUX
ajfa-5212	318	3	worth	worth	ADJ
ajfa-5212	318	4	carefully	carefully	ADV
ajfa-5212	318	5	exploring	explore	VERB
ajfa-5212	318	6	.	.	PUNCT
ajfa-5212	319	1	in	in	ADP
ajfa-5212	319	2	this	this	DET
ajfa-5212	319	3	section	section	NOUN
ajfa-5212	319	4	we	we	PRON
ajfa-5212	319	5	focus	focus	VERB
ajfa-5212	319	6	on	on	ADP
ajfa-5212	319	7	investigating	investigate	VERB
ajfa-5212	319	8	how	how	SCONJ
ajfa-5212	319	9	“	"	PUNCT
ajfa-5212	319	10	hccl	hccl	PROPN
ajfa-5212	319	11	”	"	PUNCT
ajfa-5212	319	12	banks	bank	NOUN
ajfa-5212	319	13	with	with	ADP
ajfa-5212	319	14	high	high	ADJ
ajfa-5212	319	15	credit	credit	NOUN
ajfa-5212	319	16	risk	risk	NOUN
ajfa-5212	319	17	affect	affect	VERB
ajfa-5212	319	18	the	the	DET
ajfa-5212	319	19	borrowers	borrower	NOUN
ajfa-5212	319	20	’	’	PART
ajfa-5212	319	21	funding	funding	NOUN
ajfa-5212	319	22	needs	need	NOUN
ajfa-5212	319	23	.	.	PUNCT
ajfa-5212	320	1	the	the	DET
ajfa-5212	320	2	empirical	empirical	ADJ
ajfa-5212	320	3	findings	finding	NOUN
ajfa-5212	320	4	in	in	ADP
ajfa-5212	320	5	table	table	NOUN
ajfa-5212	320	6	4	4	NUM
ajfa-5212	320	7	show	show	VERB
ajfa-5212	320	8	that	that	SCONJ
ajfa-5212	320	9	both	both	CCONJ
ajfa-5212	320	10	msbs	msbs	NOUN
ajfa-5212	320	11	and	and	CCONJ
ajfa-5212	320	12	mlbs	mlb	NOUN
ajfa-5212	320	13	that	that	PRON
ajfa-5212	320	14	are	be	AUX
ajfa-5212	320	15	larger	large	ADJ
ajfa-5212	320	16	scale	scale	NOUN
ajfa-5212	320	17	prefer	prefer	VERB
ajfa-5212	320	18	building	building	NOUN
ajfa-5212	320	19	relationships	relationship	NOUN
ajfa-5212	320	20	with	with	ADP
ajfa-5212	320	21	banks	bank	NOUN
ajfa-5212	320	22	that	that	PRON
ajfa-5212	320	23	are	be	AUX
ajfa-5212	320	24	categorized	categorize	VERB
ajfa-5212	320	25	as	as	ADP
ajfa-5212	320	26	being	be	AUX
ajfa-5212	320	27	with	with	ADP
ajfa-5212	320	28	“	"	PUNCT
ajfa-5212	320	29	hccl	hccl	PROPN
ajfa-5212	320	30	”	"	PUNCT
ajfa-5212	320	31	(	(	PUNCT
ajfa-5212	320	32	the	the	DET
ajfa-5212	320	33	coefficients	coefficient	NOUN
ajfa-5212	320	34	are	be	AUX
ajfa-5212	320	35	0.066	0.066	NUM
ajfa-5212	320	36	and	and	CCONJ
ajfa-5212	320	37	0.397	0.397	NUM
ajfa-5212	320	38	,	,	PUNCT
ajfa-5212	320	39	respectively	respectively	ADV
ajfa-5212	320	40	,	,	PUNCT
ajfa-5212	320	41	and	and	CCONJ
ajfa-5212	320	42	the	the	DET
ajfa-5212	320	43	odds	odd	NOUN
ajfa-5212	320	44	ratio	ratio	NOUN
ajfa-5212	320	45	of	of	ADP
ajfa-5212	320	46	the	the	DET
ajfa-5212	320	47	latter	latter	ADJ
ajfa-5212	320	48	reaches	reach	VERB
ajfa-5212	320	49	as	as	ADV
ajfa-5212	320	50	high	high	ADJ
ajfa-5212	320	51	as	as	ADP
ajfa-5212	320	52	1.487	1.487	NUM
ajfa-5212	320	53	)	)	PUNCT
ajfa-5212	320	54	.	.	PUNCT
ajfa-5212	321	1	companies	company	NOUN
ajfa-5212	321	2	that	that	PRON
ajfa-5212	321	3	have	have	AUX
ajfa-5212	321	4	been	be	AUX
ajfa-5212	321	5	in	in	ADP
ajfa-5212	321	6	existence	existence	NOUN
ajfa-5212	321	7	for	for	ADP
ajfa-5212	321	8	a	a	DET
ajfa-5212	321	9	shorter	short	ADJ
ajfa-5212	321	10	period	period	NOUN
ajfa-5212	321	11	of	of	ADP
ajfa-5212	321	12	time	time	NOUN
ajfa-5212	321	13	are	be	AUX
ajfa-5212	321	14	more	more	ADV
ajfa-5212	321	15	opaque	opaque	ADJ
ajfa-5212	321	16	,	,	PUNCT
ajfa-5212	321	17	and	and	CCONJ
ajfa-5212	321	18	asian	asian	ADJ
ajfa-5212	321	19	journal	journal	NOUN
ajfa-5212	321	20	of	of	ADP
ajfa-5212	321	21	finance	finance	PROPN
ajfa-5212	321	22	&	&	CCONJ
ajfa-5212	321	23	accounting	accounting	PROPN
ajfa-5212	321	24	issn	issn	PROPN
ajfa-5212	321	25	1946	1946	NUM
ajfa-5212	321	26	-	-	PUNCT
ajfa-5212	321	27	052x	052x	PROPN
ajfa-5212	321	28	2014	2014	NUM
ajfa-5212	321	29	,	,	PUNCT
ajfa-5212	321	30	vol	vol	NOUN
ajfa-5212	321	31	.	.	PROPN
ajfa-5212	321	32	6	6	NUM
ajfa-5212	321	33	,	,	PUNCT
ajfa-5212	321	34	no	no	INTJ
ajfa-5212	321	35	.	.	NOUN
ajfa-5212	321	36	1	1	NUM
ajfa-5212	321	37	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5212	321	38	191	191	NUM
ajfa-5212	321	39	therefore	therefore	ADV
ajfa-5212	321	40	creditors	creditor	NOUN
ajfa-5212	321	41	need	need	VERB
ajfa-5212	321	42	to	to	PART
ajfa-5212	321	43	be	be	AUX
ajfa-5212	321	44	careful	careful	ADJ
ajfa-5212	321	45	to	to	PART
ajfa-5212	321	46	grasp	grasp	VERB
ajfa-5212	321	47	the	the	DET
ajfa-5212	321	48	overall	overall	ADJ
ajfa-5212	321	49	picture	picture	NOUN
ajfa-5212	321	50	of	of	ADP
ajfa-5212	321	51	potential	potential	ADJ
ajfa-5212	321	52	operating	operating	NOUN
ajfa-5212	321	53	risk	risk	NOUN
ajfa-5212	321	54	.	.	PUNCT
ajfa-5212	322	1	banks	bank	NOUN
ajfa-5212	322	2	with	with	ADP
ajfa-5212	322	3	“	"	PUNCT
ajfa-5212	322	4	hccl	hccl	PROPN
ajfa-5212	322	5	”	"	PUNCT
ajfa-5212	322	6	are	be	AUX
ajfa-5212	322	7	more	more	ADV
ajfa-5212	322	8	willing	willing	ADJ
ajfa-5212	322	9	to	to	PART
ajfa-5212	322	10	deal	deal	VERB
ajfa-5212	322	11	with	with	ADP
ajfa-5212	322	12	such	such	ADJ
ajfa-5212	322	13	enterprises	enterprise	NOUN
ajfa-5212	322	14	(	(	PUNCT
ajfa-5212	322	15	the	the	DET
ajfa-5212	322	16	coefficients	coefficient	NOUN
ajfa-5212	322	17	of	of	ADP
ajfa-5212	322	18	msbs	msbs	NOUN
ajfa-5212	322	19	and	and	CCONJ
ajfa-5212	322	20	mlbs	mlb	NOUN
ajfa-5212	322	21	are	be	AUX
ajfa-5212	322	22	-0.0004	-0.0004	ADJ
ajfa-5212	322	23	and	and	CCONJ
ajfa-5212	322	24	-0.0011	-0.0011	NOUN
ajfa-5212	322	25	,	,	PUNCT
ajfa-5212	322	26	respectively	respectively	ADV
ajfa-5212	322	27	)	)	PUNCT
ajfa-5212	322	28	.	.	PUNCT
ajfa-5212	323	1	banks	bank	NOUN
ajfa-5212	323	2	with	with	ADP
ajfa-5212	323	3	“	"	PUNCT
ajfa-5212	323	4	hccl	hccl	PROPN
ajfa-5212	323	5	”	"	PUNCT
ajfa-5212	323	6	are	be	AUX
ajfa-5212	323	7	more	more	ADV
ajfa-5212	323	8	eager	eager	ADJ
ajfa-5212	323	9	to	to	PART
ajfa-5212	323	10	deal	deal	VERB
ajfa-5212	323	11	with	with	ADP
ajfa-5212	323	12	msbs	msbs	NOUN
ajfa-5212	323	13	established	establish	VERB
ajfa-5212	323	14	after	after	SCONJ
ajfa-5212	323	15	the	the	DET
ajfa-5212	323	16	policy	policy	NOUN
ajfa-5212	323	17	to	to	PART
ajfa-5212	323	18	approve	approve	VERB
ajfa-5212	323	19	the	the	DET
ajfa-5212	323	20	establishment	establishment	NOUN
ajfa-5212	323	21	of	of	ADP
ajfa-5212	323	22	new	new	ADJ
ajfa-5212	323	23	banks	bank	NOUN
ajfa-5212	323	24	was	be	AUX
ajfa-5212	323	25	introduced	introduce	VERB
ajfa-5212	323	26	(	(	PUNCT
ajfa-5212	323	27	the	the	DET
ajfa-5212	323	28	coefficient	coefficient	NOUN
ajfa-5212	323	29	is	be	AUX
ajfa-5212	323	30	-0.193	-0.193	NUM
ajfa-5212	323	31	)	)	PUNCT
ajfa-5212	323	32	.	.	PUNCT
ajfa-5212	324	1	there	there	PRON
ajfa-5212	324	2	is	be	VERB
ajfa-5212	324	3	no	no	DET
ajfa-5212	324	4	doubt	doubt	NOUN
ajfa-5212	324	5	that	that	SCONJ
ajfa-5212	324	6	the	the	DET
ajfa-5212	324	7	npl	npl	PROPN
ajfa-5212	324	8	ratio	ratio	NOUN
ajfa-5212	324	9	remains	remain	VERB
ajfa-5212	324	10	high	high	ADJ
ajfa-5212	324	11	.	.	PUNCT
ajfa-5212	325	1	banks	bank	NOUN
ajfa-5212	325	2	with	with	ADP
ajfa-5212	325	3	“	"	PUNCT
ajfa-5212	325	4	hccl	hccl	PROPN
ajfa-5212	325	5	”	"	PUNCT
ajfa-5212	325	6	do	do	AUX
ajfa-5212	325	7	not	not	PART
ajfa-5212	325	8	wish	wish	VERB
ajfa-5212	325	9	to	to	PART
ajfa-5212	325	10	deal	deal	VERB
ajfa-5212	325	11	with	with	ADP
ajfa-5212	325	12	corporations	corporation	NOUN
ajfa-5212	325	13	among	among	ADP
ajfa-5212	325	14	the	the	DET
ajfa-5212	325	15	msbs	msbs	NOUN
ajfa-5212	325	16	(	(	PUNCT
ajfa-5212	325	17	the	the	DET
ajfa-5212	325	18	coefficient	coefficient	NOUN
ajfa-5212	325	19	compared	compare	VERB
ajfa-5212	325	20	to	to	ADP
ajfa-5212	325	21	the	the	DET
ajfa-5212	325	22	sole	sole	ADJ
ajfa-5212	325	23	proprietorships	proprietorship	NOUN
ajfa-5212	325	24	,	,	PUNCT
ajfa-5212	325	25	partnerships	partnership	NOUN
ajfa-5212	325	26	,	,	PUNCT
ajfa-5212	325	27	and	and	CCONJ
ajfa-5212	325	28	limited	limited	ADJ
ajfa-5212	325	29	companies	company	NOUN
ajfa-5212	325	30	is	be	AUX
ajfa-5212	325	31	-0.181	-0.181	PUNCT
ajfa-5212	325	32	)	)	PUNCT
ajfa-5212	325	33	.	.	PUNCT
ajfa-5212	326	1	this	this	PRON
ajfa-5212	326	2	is	be	AUX
ajfa-5212	326	3	similar	similar	ADJ
ajfa-5212	326	4	to	to	ADP
ajfa-5212	326	5	banks	bank	NOUN
ajfa-5212	326	6	with	with	ADP
ajfa-5212	326	7	“	"	PUNCT
ajfa-5212	326	8	wobd	wobd	NOUN
ajfa-5212	326	9	”	"	PUNCT
ajfa-5212	326	10	as	as	SCONJ
ajfa-5212	326	11	mentioned	mention	VERB
ajfa-5212	326	12	in	in	ADP
ajfa-5212	326	13	the	the	DET
ajfa-5212	326	14	previous	previous	ADJ
ajfa-5212	326	15	section	section	NOUN
ajfa-5212	326	16	.	.	PUNCT
ajfa-5212	327	1	only	only	ADV
ajfa-5212	327	2	the	the	DET
ajfa-5212	327	3	msbs	msbs	NOUN
ajfa-5212	327	4	belonging	belong	VERB
ajfa-5212	327	5	to	to	ADP
ajfa-5212	327	6	a	a	DET
ajfa-5212	327	7	conglomerate	conglomerate	NOUN
ajfa-5212	327	8	(	(	PUNCT
ajfa-5212	327	9	the	the	DET
ajfa-5212	327	10	coefficient	coefficient	NOUN
ajfa-5212	327	11	is	be	AUX
ajfa-5212	327	12	0.467	0.467	NUM
ajfa-5212	327	13	,	,	PUNCT
ajfa-5212	327	14	and	and	CCONJ
ajfa-5212	327	15	the	the	DET
ajfa-5212	327	16	odds	odd	NOUN
ajfa-5212	327	17	ratio	ratio	NOUN
ajfa-5212	327	18	is	be	AUX
ajfa-5212	327	19	1.595	1.595	NUM
ajfa-5212	327	20	)	)	PUNCT
ajfa-5212	327	21	can	can	AUX
ajfa-5212	327	22	ignore	ignore	VERB
ajfa-5212	327	23	the	the	DET
ajfa-5212	327	24	credit	credit	NOUN
ajfa-5212	327	25	risk	risk	NOUN
ajfa-5212	327	26	of	of	ADP
ajfa-5212	327	27	its	its	PRON
ajfa-5212	327	28	lending	lending	NOUN
ajfa-5212	327	29	banks	bank	NOUN
ajfa-5212	327	30	,	,	PUNCT
ajfa-5212	327	31	for	for	SCONJ
ajfa-5212	327	32	the	the	DET
ajfa-5212	327	33	conglomerate	conglomerate	NOUN
ajfa-5212	327	34	can	can	AUX
ajfa-5212	327	35	back	back	VERB
ajfa-5212	327	36	up	up	ADP
ajfa-5212	327	37	its	its	PRON
ajfa-5212	327	38	member	member	NOUN
ajfa-5212	327	39	businesses	business	NOUN
ajfa-5212	327	40	internally	internally	ADV
ajfa-5212	327	41	with	with	ADP
ajfa-5212	327	42	funding	funding	NOUN
ajfa-5212	327	43	needs	need	NOUN
ajfa-5212	327	44	.	.	PUNCT
ajfa-5212	328	1	however	however	ADV
ajfa-5212	328	2	,	,	PUNCT
ajfa-5212	328	3	the	the	DET
ajfa-5212	328	4	conglomerates	conglomerate	NOUN
ajfa-5212	328	5	with	with	ADP
ajfa-5212	328	6	poor	poor	ADJ
ajfa-5212	328	7	internal	internal	ADJ
ajfa-5212	328	8	controls	control	NOUN
ajfa-5212	328	9	may	may	AUX
ajfa-5212	328	10	deliberately	deliberately	ADV
ajfa-5212	328	11	deal	deal	VERB
ajfa-5212	328	12	with	with	ADP
ajfa-5212	328	13	banks	bank	NOUN
ajfa-5212	328	14	with	with	ADP
ajfa-5212	328	15	high	high	ADJ
ajfa-5212	328	16	credit	credit	NOUN
ajfa-5212	328	17	risk	risk	NOUN
ajfa-5212	328	18	,	,	PUNCT
ajfa-5212	328	19	act	act	VERB
ajfa-5212	328	20	in	in	ADP
ajfa-5212	328	21	collusion	collusion	NOUN
ajfa-5212	328	22	and	and	CCONJ
ajfa-5212	328	23	empty	empty	ADJ
ajfa-5212	328	24	the	the	DET
ajfa-5212	328	25	assets	asset	NOUN
ajfa-5212	328	26	of	of	ADP
ajfa-5212	328	27	the	the	DET
ajfa-5212	328	28	enterprise	enterprise	NOUN
ajfa-5212	328	29	on	on	ADP
ajfa-5212	328	30	purpose	purpose	NOUN
ajfa-5212	328	31	.	.	PUNCT
ajfa-5212	329	1	compared	compare	VERB
ajfa-5212	329	2	to	to	ADP
ajfa-5212	329	3	the	the	DET
ajfa-5212	329	4	privately	privately	ADV
ajfa-5212	329	5	-	-	PUNCT
ajfa-5212	329	6	held	hold	VERB
ajfa-5212	329	7	firms	firm	NOUN
ajfa-5212	329	8	,	,	PUNCT
ajfa-5212	329	9	small	small	ADJ
ajfa-5212	329	10	foreign	foreign	ADJ
ajfa-5212	329	11	enterprises	enterprise	NOUN
ajfa-5212	329	12	are	be	AUX
ajfa-5212	329	13	more	more	ADV
ajfa-5212	329	14	likely	likely	ADJ
ajfa-5212	329	15	to	to	PART
ajfa-5212	329	16	refuse	refuse	VERB
ajfa-5212	329	17	to	to	PART
ajfa-5212	329	18	deal	deal	VERB
ajfa-5212	329	19	with	with	ADP
ajfa-5212	329	20	banks	bank	NOUN
ajfa-5212	329	21	with	with	ADP
ajfa-5212	329	22	“	"	PUNCT
ajfa-5212	329	23	hccl	hccl	PROPN
ajfa-5212	329	24	”	"	PUNCT
ajfa-5212	329	25	(	(	PUNCT
ajfa-5212	329	26	the	the	DET
ajfa-5212	329	27	coefficient	coefficient	NOUN
ajfa-5212	329	28	is	be	AUX
ajfa-5212	329	29	-0.899	-0.899	NOUN
ajfa-5212	329	30	)	)	PUNCT
ajfa-5212	329	31	.	.	PUNCT
ajfa-5212	330	1	most	most	ADJ
ajfa-5212	330	2	of	of	ADP
ajfa-5212	330	3	the	the	DET
ajfa-5212	330	4	“	"	PUNCT
ajfa-5212	330	5	hccl	hccl	PROPN
ajfa-5212	330	6	”	"	PUNCT
ajfa-5212	330	7	banks	bank	NOUN
ajfa-5212	330	8	are	be	AUX
ajfa-5212	330	9	newly	newly	ADV
ajfa-5212	330	10	established	establish	VERB
ajfa-5212	330	11	.	.	PUNCT
ajfa-5212	331	1	it	it	PRON
ajfa-5212	331	2	is	be	AUX
ajfa-5212	331	3	understood	understand	VERB
ajfa-5212	331	4	that	that	SCONJ
ajfa-5212	331	5	they	they	PRON
ajfa-5212	331	6	actively	actively	ADV
ajfa-5212	331	7	promote	promote	VERB
ajfa-5212	331	8	retail	retail	ADJ
ajfa-5212	331	9	finance	finance	NOUN
ajfa-5212	331	10	and	and	CCONJ
ajfa-5212	331	11	intend	intend	VERB
ajfa-5212	331	12	to	to	PART
ajfa-5212	331	13	expand	expand	VERB
ajfa-5212	331	14	the	the	DET
ajfa-5212	331	15	market	market	NOUN
ajfa-5212	331	16	of	of	ADP
ajfa-5212	331	17	privately	privately	ADV
ajfa-5212	331	18	-	-	PUNCT
ajfa-5212	331	19	held	hold	VERB
ajfa-5212	331	20	companies	company	NOUN
ajfa-5212	331	21	.	.	PUNCT
ajfa-5212	332	1	for	for	ADP
ajfa-5212	332	2	this	this	DET
ajfa-5212	332	3	reason	reason	NOUN
ajfa-5212	332	4	,	,	PUNCT
ajfa-5212	332	5	it	it	PRON
ajfa-5212	332	6	is	be	AUX
ajfa-5212	332	7	understood	understand	VERB
ajfa-5212	332	8	that	that	SCONJ
ajfa-5212	332	9	more	more	ADJ
ajfa-5212	332	10	risk	risk	NOUN
ajfa-5212	332	11	management	management	NOUN
ajfa-5212	332	12	is	be	AUX
ajfa-5212	332	13	needed	need	VERB
ajfa-5212	332	14	.	.	PUNCT
ajfa-5212	333	1	the	the	DET
ajfa-5212	333	2	empirical	empirical	ADJ
ajfa-5212	333	3	results	result	NOUN
ajfa-5212	333	4	also	also	ADV
ajfa-5212	333	5	indicate	indicate	VERB
ajfa-5212	333	6	that	that	SCONJ
ajfa-5212	333	7	in	in	ADP
ajfa-5212	333	8	comparing	compare	VERB
ajfa-5212	333	9	listed	list	VERB
ajfa-5212	333	10	companies	company	NOUN
ajfa-5212	333	11	with	with	ADP
ajfa-5212	333	12	publicly	publicly	ADV
ajfa-5212	333	13	-	-	PUNCT
ajfa-5212	333	14	held	hold	VERB
ajfa-5212	333	15	companies	company	NOUN
ajfa-5212	333	16	and	and	CCONJ
ajfa-5212	333	17	publicly	publicly	ADV
ajfa-5212	333	18	-	-	PUNCT
ajfa-5212	333	19	held	hold	VERB
ajfa-5212	333	20	companies	company	NOUN
ajfa-5212	333	21	with	with	ADP
ajfa-5212	333	22	privately	privately	ADV
ajfa-5212	333	23	-	-	PUNCT
ajfa-5212	333	24	held	hold	VERB
ajfa-5212	333	25	companies	company	NOUN
ajfa-5212	333	26	,	,	PUNCT
ajfa-5212	333	27	the	the	DET
ajfa-5212	333	28	former	former	ADJ
ajfa-5212	333	29	prefer	prefer	VERB
ajfa-5212	333	30	building	building	NOUN
ajfa-5212	333	31	relationships	relationship	NOUN
ajfa-5212	333	32	with	with	ADP
ajfa-5212	333	33	banks	bank	NOUN
ajfa-5212	333	34	with	with	ADP
ajfa-5212	333	35	“	"	PUNCT
ajfa-5212	333	36	hccl	hccl	PROPN
ajfa-5212	333	37	”	"	PUNCT
ajfa-5212	333	38	(	(	PUNCT
ajfa-5212	333	39	the	the	DET
ajfa-5212	333	40	coefficients	coefficient	NOUN
ajfa-5212	333	41	are	be	AUX
ajfa-5212	333	42	0.391	0.391	NUM
ajfa-5212	333	43	and	and	CCONJ
ajfa-5212	333	44	0.563	0.563	NUM
ajfa-5212	333	45	,	,	PUNCT
ajfa-5212	333	46	and	and	CCONJ
ajfa-5212	333	47	the	the	DET
ajfa-5212	333	48	odd	odd	ADJ
ajfa-5212	333	49	ratios	ratio	NOUN
ajfa-5212	333	50	are	be	AUX
ajfa-5212	333	51	1.48	1.48	NUM
ajfa-5212	333	52	and	and	CCONJ
ajfa-5212	333	53	1.71	1.71	NUM
ajfa-5212	333	54	,	,	PUNCT
ajfa-5212	333	55	respectively	respectively	ADV
ajfa-5212	333	56	)	)	PUNCT
ajfa-5212	333	57	.	.	PUNCT
ajfa-5212	334	1	there	there	PRON
ajfa-5212	334	2	are	be	VERB
ajfa-5212	334	3	no	no	DET
ajfa-5212	334	4	differences	difference	NOUN
ajfa-5212	334	5	in	in	ADP
ajfa-5212	334	6	ownership	ownership	NOUN
ajfa-5212	334	7	types	type	NOUN
ajfa-5212	334	8	,	,	PUNCT
ajfa-5212	334	9	regardless	regardless	ADV
ajfa-5212	334	10	of	of	ADP
ajfa-5212	334	11	their	their	PRON
ajfa-5212	334	12	being	be	AUX
ajfa-5212	334	13	stated	state	VERB
ajfa-5212	334	14	-	-	PUNCT
ajfa-5212	334	15	owned	own	VERB
ajfa-5212	334	16	or	or	CCONJ
ajfa-5212	334	17	privately	privately	ADV
ajfa-5212	334	18	-	-	PUNCT
ajfa-5212	334	19	owned	own	VERB
ajfa-5212	334	20	or	or	CCONJ
ajfa-5212	334	21	even	even	ADV
ajfa-5212	334	22	foreign	foreign	ADJ
ajfa-5212	334	23	banks	bank	NOUN
ajfa-5212	334	24	.	.	PUNCT
ajfa-5212	335	1	mlbs	mlbs	VERB
ajfa-5212	335	2	with	with	ADP
ajfa-5212	335	3	high	high	ADJ
ajfa-5212	335	4	cash	cash	NOUN
ajfa-5212	335	5	and	and	CCONJ
ajfa-5212	335	6	r&d	r&d	NOUN
ajfa-5212	335	7	expenditure	expenditure	NOUN
ajfa-5212	335	8	ratios	ratio	NOUN
ajfa-5212	335	9	regularly	regularly	ADV
ajfa-5212	335	10	deal	deal	VERB
ajfa-5212	335	11	with	with	ADP
ajfa-5212	335	12	banks	bank	NOUN
ajfa-5212	335	13	without	without	ADP
ajfa-5212	335	14	“	"	PUNCT
ajfa-5212	335	15	hccl	hccl	PROPN
ajfa-5212	335	16	”	"	PUNCT
ajfa-5212	335	17	(	(	PUNCT
ajfa-5212	335	18	the	the	DET
ajfa-5212	335	19	coefficients	coefficient	NOUN
ajfa-5212	335	20	are	be	AUX
ajfa-5212	335	21	-0.007	-0.007	ADJ
ajfa-5212	335	22	and	and	CCONJ
ajfa-5212	335	23	-0.031	-0.031	NOUN
ajfa-5212	335	24	)	)	PUNCT
ajfa-5212	335	25	.	.	PUNCT
ajfa-5212	336	1	these	these	DET
ajfa-5212	336	2	findings	finding	NOUN
ajfa-5212	336	3	fully	fully	ADV
ajfa-5212	336	4	reflect	reflect	VERB
ajfa-5212	336	5	the	the	DET
ajfa-5212	336	6	fact	fact	NOUN
ajfa-5212	336	7	that	that	SCONJ
ajfa-5212	336	8	banks	bank	NOUN
ajfa-5212	336	9	with	with	ADP
ajfa-5212	336	10	“	"	PUNCT
ajfa-5212	336	11	wobd	wobd	NOUN
ajfa-5212	336	12	and	and	CCONJ
ajfa-5212	336	13	hccl	hccl	PROPN
ajfa-5212	336	14	”	"	PUNCT
ajfa-5212	336	15	have	have	AUX
ajfa-5212	336	16	a	a	DET
ajfa-5212	336	17	shortage	shortage	NOUN
ajfa-5212	336	18	of	of	ADP
ajfa-5212	336	19	knowledge	knowledge	NOUN
ajfa-5212	336	20	in	in	ADP
ajfa-5212	336	21	terms	term	NOUN
ajfa-5212	336	22	of	of	ADP
ajfa-5212	336	23	analyzing	analyze	VERB
ajfa-5212	336	24	financial	financial	ADJ
ajfa-5212	336	25	statements	statement	NOUN
ajfa-5212	336	26	.	.	PUNCT
ajfa-5212	337	1	mlbs	mlbs	NOUN
ajfa-5212	337	2	with	with	ADP
ajfa-5212	337	3	high	high	ADJ
ajfa-5212	337	4	financial	financial	ADJ
ajfa-5212	337	5	leverage	leverage	NOUN
ajfa-5212	337	6	regularly	regularly	ADV
ajfa-5212	337	7	and	and	CCONJ
ajfa-5212	337	8	positively	positively	ADV
ajfa-5212	337	9	deal	deal	VERB
ajfa-5212	337	10	with	with	ADP
ajfa-5212	337	11	“	"	PUNCT
ajfa-5212	337	12	hccl	hccl	PROPN
ajfa-5212	337	13	”	"	PUNCT
ajfa-5212	337	14	banks	bank	NOUN
ajfa-5212	337	15	(	(	PUNCT
ajfa-5212	337	16	the	the	DET
ajfa-5212	337	17	coefficient	coefficient	NOUN
ajfa-5212	337	18	is	be	AUX
ajfa-5212	337	19	0.0003	0.0003	NUM
ajfa-5212	337	20	)	)	PUNCT
ajfa-5212	337	21	.	.	PUNCT
ajfa-5212	338	1	this	this	PRON
ajfa-5212	338	2	implies	imply	VERB
ajfa-5212	338	3	that	that	SCONJ
ajfa-5212	338	4	those	those	DET
ajfa-5212	338	5	banks	bank	NOUN
ajfa-5212	338	6	that	that	PRON
ajfa-5212	338	7	perform	perform	VERB
ajfa-5212	338	8	poorly	poorly	ADV
ajfa-5212	338	9	in	in	ADP
ajfa-5212	338	10	the	the	DET
ajfa-5212	338	11	management	management	NOUN
ajfa-5212	338	12	of	of	ADP
ajfa-5212	338	13	retail	retail	ADJ
ajfa-5212	338	14	finance	finance	NOUN
ajfa-5212	338	15	will	will	AUX
ajfa-5212	338	16	perform	perform	VERB
ajfa-5212	338	17	poorly	poorly	ADV
ajfa-5212	338	18	in	in	ADP
ajfa-5212	338	19	the	the	DET
ajfa-5212	338	20	management	management	NOUN
ajfa-5212	338	21	of	of	ADP
ajfa-5212	338	22	corporate	corporate	ADJ
ajfa-5212	338	23	finance	finance	NOUN
ajfa-5212	338	24	,	,	PUNCT
ajfa-5212	338	25	too	too	ADV
ajfa-5212	338	26	.	.	PUNCT
ajfa-5212	339	1	mlbs	mlbs	VERB
ajfa-5212	339	2	with	with	ADP
ajfa-5212	339	3	high	high	ADJ
ajfa-5212	339	4	or	or	CCONJ
ajfa-5212	339	5	low	low	ADJ
ajfa-5212	339	6	profitability	profitability	NOUN
ajfa-5212	339	7	keep	keep	NOUN
ajfa-5212	339	8	maintain	maintain	VERB
ajfa-5212	339	9	the	the	DET
ajfa-5212	339	10	same	same	ADJ
ajfa-5212	339	11	attitude	attitude	NOUN
ajfa-5212	339	12	in	in	ADP
ajfa-5212	339	13	dealing	deal	VERB
ajfa-5212	339	14	with	with	ADP
ajfa-5212	339	15	banks	bank	NOUN
ajfa-5212	339	16	with	with	ADP
ajfa-5212	339	17	or	or	CCONJ
ajfa-5212	339	18	without	without	ADP
ajfa-5212	339	19	“	"	PUNCT
ajfa-5212	339	20	hccl	hccl	PROPN
ajfa-5212	339	21	”	"	PUNCT
ajfa-5212	339	22	.	.	PUNCT
ajfa-5212	340	1	companies	company	NOUN
ajfa-5212	340	2	with	with	ADP
ajfa-5212	340	3	poor	poor	ADJ
ajfa-5212	340	4	credit	credit	NOUN
ajfa-5212	340	5	records	record	NOUN
ajfa-5212	340	6	,	,	PUNCT
ajfa-5212	340	7	regardless	regardless	ADV
ajfa-5212	340	8	of	of	ADP
ajfa-5212	340	9	whether	whether	SCONJ
ajfa-5212	340	10	they	they	PRON
ajfa-5212	340	11	are	be	AUX
ajfa-5212	340	12	msbs	msbs	ADJ
ajfa-5212	340	13	or	or	CCONJ
ajfa-5212	340	14	mlbs	mlb	NOUN
ajfa-5212	340	15	,	,	PUNCT
ajfa-5212	340	16	will	will	AUX
ajfa-5212	340	17	tend	tend	VERB
ajfa-5212	340	18	to	to	PART
ajfa-5212	340	19	build	build	VERB
ajfa-5212	340	20	relationships	relationship	NOUN
ajfa-5212	340	21	with	with	ADP
ajfa-5212	340	22	low	low	ADJ
ajfa-5212	340	23	credit	credit	NOUN
ajfa-5212	340	24	risk	risk	NOUN
ajfa-5212	340	25	banks	bank	NOUN
ajfa-5212	340	26	without	without	ADP
ajfa-5212	340	27	“	"	PUNCT
ajfa-5212	340	28	hccl	hccl	PROPN
ajfa-5212	340	29	”	"	PUNCT
ajfa-5212	340	30	.	.	PUNCT
ajfa-5212	341	1	compared	compare	VERB
ajfa-5212	341	2	to	to	ADP
ajfa-5212	341	3	msbs	msbs	NOUN
ajfa-5212	341	4	,	,	PUNCT
ajfa-5212	341	5	the	the	DET
ajfa-5212	341	6	intentions	intention	NOUN
ajfa-5212	341	7	of	of	ADP
ajfa-5212	341	8	mlbs	mlb	NOUN
ajfa-5212	341	9	are	be	AUX
ajfa-5212	341	10	4	4	NUM
ajfa-5212	341	11	times	time	NOUN
ajfa-5212	341	12	higher	high	ADJ
ajfa-5212	341	13	(	(	PUNCT
ajfa-5212	341	14	the	the	DET
ajfa-5212	341	15	coefficients	coefficient	NOUN
ajfa-5212	341	16	are	be	AUX
ajfa-5212	341	17	-0.696	-0.696	ADJ
ajfa-5212	341	18	and	and	CCONJ
ajfa-5212	341	19	-2.682	-2.682	ADV
ajfa-5212	341	20	,	,	PUNCT
ajfa-5212	341	21	respectively	respectively	ADV
ajfa-5212	341	22	,	,	PUNCT
ajfa-5212	341	23	and	and	CCONJ
ajfa-5212	341	24	the	the	DET
ajfa-5212	341	25	odds	odd	NOUN
ajfa-5212	341	26	ratios	ratio	NOUN
ajfa-5212	341	27	are	be	AUX
ajfa-5212	341	28	about	about	ADV
ajfa-5212	341	29	7	7	NUM
ajfa-5212	341	30	times	time	NOUN
ajfa-5212	341	31	)	)	PUNCT
ajfa-5212	341	32	.	.	PUNCT
ajfa-5212	342	1	when	when	SCONJ
ajfa-5212	342	2	the	the	DET
ajfa-5212	342	3	chairperson	chairperson	NOUN
ajfa-5212	342	4	’s	’s	PART
ajfa-5212	342	5	credit	credit	NOUN
ajfa-5212	342	6	rating	rating	NOUN
ajfa-5212	342	7	improves	improve	VERB
ajfa-5212	342	8	,	,	PUNCT
ajfa-5212	342	9	the	the	DET
ajfa-5212	342	10	borrower	borrower	NOUN
ajfa-5212	342	11	will	will	AUX
ajfa-5212	342	12	tend	tend	VERB
ajfa-5212	342	13	to	to	PART
ajfa-5212	342	14	access	access	VERB
ajfa-5212	342	15	finance	finance	NOUN
ajfa-5212	342	16	from	from	ADP
ajfa-5212	342	17	low	low	ADJ
ajfa-5212	342	18	credit	credit	NOUN
ajfa-5212	342	19	risk	risk	NOUN
ajfa-5212	342	20	banks	bank	NOUN
ajfa-5212	342	21	without	without	ADP
ajfa-5212	342	22	“	"	PUNCT
ajfa-5212	342	23	hccl	hccl	PROPN
ajfa-5212	342	24	”	"	PUNCT
ajfa-5212	342	25	(	(	PUNCT
ajfa-5212	342	26	the	the	DET
ajfa-5212	342	27	coefficients	coefficient	NOUN
ajfa-5212	342	28	are	be	AUX
ajfa-5212	342	29	-0.002	-0.002	PUNCT
ajfa-5212	342	30	and	and	CCONJ
ajfa-5212	342	31	-0.006	-0.006	PROPN
ajfa-5212	342	32	,	,	PUNCT
ajfa-5212	342	33	respectively	respectively	ADV
ajfa-5212	342	34	)	)	PUNCT
ajfa-5212	342	35	.	.	PUNCT
ajfa-5212	343	1	this	this	PRON
ajfa-5212	343	2	also	also	ADV
ajfa-5212	343	3	indicates	indicate	VERB
ajfa-5212	343	4	that	that	SCONJ
ajfa-5212	343	5	if	if	SCONJ
ajfa-5212	343	6	a	a	DET
ajfa-5212	343	7	borrower	borrower	NOUN
ajfa-5212	343	8	takes	take	VERB
ajfa-5212	343	9	action	action	NOUN
ajfa-5212	343	10	to	to	PART
ajfa-5212	343	11	improve	improve	VERB
ajfa-5212	343	12	its	its	PRON
ajfa-5212	343	13	credit	credit	NOUN
ajfa-5212	343	14	rating	rating	NOUN
ajfa-5212	343	15	,	,	PUNCT
ajfa-5212	343	16	banks	bank	NOUN
ajfa-5212	343	17	without	without	ADP
ajfa-5212	343	18	“	"	PUNCT
ajfa-5212	343	19	hccl	hccl	PROPN
ajfa-5212	343	20	”	"	PUNCT
ajfa-5212	343	21	are	be	AUX
ajfa-5212	343	22	sufficiently	sufficiently	ADV
ajfa-5212	343	23	flexible	flexible	ADJ
ajfa-5212	343	24	to	to	PART
ajfa-5212	343	25	accept	accept	VERB
ajfa-5212	343	26	such	such	ADJ
ajfa-5212	343	27	loan	loan	NOUN
ajfa-5212	343	28	applications	application	NOUN
ajfa-5212	343	29	.	.	PUNCT
ajfa-5212	344	1	to	to	PART
ajfa-5212	344	2	sum	sum	VERB
ajfa-5212	344	3	up	up	ADP
ajfa-5212	344	4	,	,	PUNCT
ajfa-5212	344	5	“	"	PUNCT
ajfa-5212	344	6	hccl	hccl	PROPN
ajfa-5212	344	7	”	"	PUNCT
ajfa-5212	344	8	banks	bank	NOUN
ajfa-5212	344	9	are	be	AUX
ajfa-5212	344	10	not	not	PART
ajfa-5212	344	11	only	only	ADV
ajfa-5212	344	12	short	short	ADJ
ajfa-5212	344	13	on	on	ADP
ajfa-5212	344	14	knowledge	knowledge	NOUN
ajfa-5212	344	15	as	as	ADP
ajfa-5212	344	16	to	to	ADP
ajfa-5212	344	17	how	how	SCONJ
ajfa-5212	344	18	to	to	PART
ajfa-5212	344	19	analyze	analyze	VERB
ajfa-5212	344	20	the	the	DET
ajfa-5212	344	21	borrower	borrower	NOUN
ajfa-5212	344	22	’s	’s	PART
ajfa-5212	344	23	financial	financial	ADJ
ajfa-5212	344	24	statements	statement	NOUN
ajfa-5212	344	25	,	,	PUNCT
ajfa-5212	344	26	but	but	CCONJ
ajfa-5212	344	27	are	be	AUX
ajfa-5212	344	28	also	also	ADV
ajfa-5212	344	29	inflexible	inflexible	ADJ
ajfa-5212	344	30	in	in	ADP
ajfa-5212	344	31	terms	term	NOUN
ajfa-5212	344	32	of	of	ADP
ajfa-5212	344	33	adjusting	adjust	VERB
ajfa-5212	344	34	their	their	PRON
ajfa-5212	344	35	lending	lending	NOUN
ajfa-5212	344	36	policy	policy	NOUN
ajfa-5212	344	37	to	to	PART
ajfa-5212	344	38	accept	accept	VERB
ajfa-5212	344	39	clients	client	NOUN
ajfa-5212	344	40	with	with	ADP
ajfa-5212	344	41	a	a	DET
ajfa-5212	344	42	poor	poor	ADJ
ajfa-5212	344	43	credit	credit	NOUN
ajfa-5212	344	44	record	record	NOUN
ajfa-5212	344	45	.	.	PUNCT
ajfa-5212	345	1	this	this	PRON
ajfa-5212	345	2	can	can	AUX
ajfa-5212	345	3	result	result	VERB
ajfa-5212	345	4	in	in	ADP
ajfa-5212	345	5	the	the	DET
ajfa-5212	345	6	loss	loss	NOUN
ajfa-5212	345	7	of	of	ADP
ajfa-5212	345	8	potential	potential	ADJ
ajfa-5212	345	9	clients	client	NOUN
ajfa-5212	345	10	with	with	ADP
ajfa-5212	345	11	improved	improved	ADJ
ajfa-5212	345	12	credit	credit	NOUN
ajfa-5212	345	13	ratings	rating	NOUN
ajfa-5212	345	14	.	.	PUNCT
ajfa-5212	346	1	asian	asian	ADJ
ajfa-5212	346	2	journal	journal	PROPN
ajfa-5212	346	3	of	of	ADP
ajfa-5212	346	4	finance	finance	PROPN
ajfa-5212	346	5	&	&	CCONJ
ajfa-5212	346	6	accounting	accounting	PROPN
ajfa-5212	346	7	issn	issn	PROPN
ajfa-5212	346	8	1946	1946	NUM
ajfa-5212	346	9	-	-	PUNCT
ajfa-5212	346	10	052x	052x	PROPN
ajfa-5212	346	11	2014	2014	NUM
ajfa-5212	346	12	,	,	PUNCT
ajfa-5212	346	13	vol	vol	NOUN
ajfa-5212	346	14	.	.	PROPN
ajfa-5212	347	1	6	6	NUM
ajfa-5212	347	2	,	,	PUNCT
ajfa-5212	347	3	no	no	INTJ
ajfa-5212	347	4	.	.	NOUN
ajfa-5212	347	5	1	1	NUM
ajfa-5212	347	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	347	7	192	192	NUM
ajfa-5212	347	8	table	table	NOUN
ajfa-5212	347	9	4	4	NUM
ajfa-5212	347	10	.	.	PUNCT
ajfa-5212	347	11	using	use	VERB
ajfa-5212	347	12	logit	logit	PROPN
ajfa-5212	347	13	model	model	NOUN
ajfa-5212	347	14	to	to	PART
ajfa-5212	347	15	distinguish	distinguish	VERB
ajfa-5212	347	16	credit	credit	NOUN
ajfa-5212	347	17	risk	risk	NOUN
ajfa-5212	347	18	by	by	ADP
ajfa-5212	347	19	“	"	PUNCT
ajfa-5212	347	20	hccl	hccl	PROPN
ajfa-5212	347	21	”	"	PUNCT
ajfa-5212	347	22	events	event	NOUN
ajfa-5212	347	23	dimensions	dimension	NOUN
ajfa-5212	347	24	status_02	status_02	PUNCT
ajfa-5212	347	25	msbs	msbs	NOUN
ajfa-5212	347	26	odds	odd	NOUN
ajfa-5212	347	27	ratio	ratio	NOUN
ajfa-5212	347	28	mlbs	mlbs	NOUN
ajfa-5212	347	29	odds	odd	NOUN
ajfa-5212	347	30	ratio	ratio	NOUN
ajfa-5212	347	31	intercept	intercept	VERB
ajfa-5212	347	32	0.7085	0.7085	NUM
ajfa-5212	347	33	*	*	PUNCT
ajfa-5212	347	34	*	*	PUNCT
ajfa-5212	347	35	*	*	X
ajfa-5212	347	36	3.0584	3.0584	NUM
ajfa-5212	347	37	*	*	PUNCT
ajfa-5212	347	38	*	*	PUNCT
ajfa-5212	347	39	*	*	PUNCT
ajfa-5212	347	40	info	info	NOUN
ajfa-5212	347	41	info_01	info_01	PROPN
ajfa-5212	347	42	0.0657	0.0657	NUM
ajfa-5212	347	43	*	*	PUNCT
ajfa-5212	348	1	*	*	PUNCT
ajfa-5212	348	2	*	*	PUNCT
ajfa-5212	348	3	1.068	1.068	NUM
ajfa-5212	348	4	info_02	info_02	PROPN
ajfa-5212	348	5	0.3966	0.3966	NUM
ajfa-5212	348	6	*	*	PUNCT
ajfa-5212	348	7	*	*	PUNCT
ajfa-5212	348	8	*	*	PUNCT
ajfa-5212	348	9	1.487	1.487	NUM
ajfa-5212	348	10	info_03	info_03	NOUN
ajfa-5212	348	11	-0.00042	-0.00042	NOUN
ajfa-5212	348	12	*	*	PUNCT
ajfa-5212	348	13	*	*	PUNCT
ajfa-5212	348	14	*	*	SYM
ajfa-5212	348	15	1	1	NUM
ajfa-5212	348	16	-0.00114	-0.00114	NOUN
ajfa-5212	348	17	*	*	PUNCT
ajfa-5212	348	18	*	*	PUNCT
ajfa-5212	348	19	*	*	PUNCT
ajfa-5212	348	20	0.999	0.999	NUM
ajfa-5212	348	21	info_04	info_04	NOUN
ajfa-5212	348	22	-0.1927	-0.1927	NOUN
ajfa-5212	348	23	*	*	PUNCT
ajfa-5212	349	1	*	*	PUNCT
ajfa-5212	349	2	*	*	PUNCT
ajfa-5212	350	1	0.825	0.825	NUM
ajfa-5212	350	2	0.0523	0.0523	NUM
ajfa-5212	350	3	1.054	1.054	NUM
ajfa-5212	350	4	com_01	com_01	PROPN
ajfa-5212	350	5	0.3908	0.3908	NUM
ajfa-5212	351	1	*	*	PUNCT
ajfa-5212	351	2	*	*	PUNCT
ajfa-5212	351	3	*	*	PUNCT
ajfa-5212	351	4	1.478	1.478	NUM
ajfa-5212	351	5	com_02	com_02	PROPN
ajfa-5212	351	6	0.5363	0.5363	NUM
ajfa-5212	351	7	*	*	PUNCT
ajfa-5212	351	8	*	*	PUNCT
ajfa-5212	351	9	*	*	PUNCT
ajfa-5212	351	10	1.71	1.71	NUM
ajfa-5212	351	11	com_03	com_03	ADJ
ajfa-5212	351	12	-0.181	-0.181	PUNCT
ajfa-5212	352	1	*	*	PUNCT
ajfa-5212	352	2	*	*	PUNCT
ajfa-5212	352	3	*	*	PUNCT
ajfa-5212	352	4	0.834	0.834	NUM
ajfa-5212	352	5	com_04	com_04	NOUN
ajfa-5212	352	6	0.4668	0.4668	NUM
ajfa-5212	352	7	*	*	PUNCT
ajfa-5212	352	8	*	*	PUNCT
ajfa-5212	352	9	*	*	PUNCT
ajfa-5212	352	10	1.595	1.595	NUM
ajfa-5212	352	11	0.082	0.082	NUM
ajfa-5212	352	12	1.086	1.086	NUM
ajfa-5212	352	13	com	com	NOUN
ajfa-5212	352	14	com_05	com_05	PROPN
ajfa-5212	352	15	-0.8986	-0.8986	NOUN
ajfa-5212	352	16	*	*	PUNCT
ajfa-5212	353	1	*	*	PUNCT
ajfa-5212	353	2	*	*	PUNCT
ajfa-5212	354	1	0.407	0.407	NUM
ajfa-5212	354	2	0.0633	0.0633	NUM
ajfa-5212	354	3	1.065	1.065	NUM
ajfa-5212	354	4	com_06	com_06	SYM
ajfa-5212	354	5	0.5598	0.5598	NUM
ajfa-5212	354	6	1.75	1.75	NUM
ajfa-5212	354	7	9.6137	9.6137	NUM
ajfa-5212	354	8	>	>	PUNCT
ajfa-5212	354	9	999.999	999.999	NUM
ajfa-5212	354	10	com_07	com_07	NOUN
ajfa-5212	354	11	0.1518	0.1518	NUM
ajfa-5212	354	12	*	*	PUNCT
ajfa-5212	354	13	*	*	PUNCT
ajfa-5212	354	14	*	*	PUNCT
ajfa-5212	354	15	1.164	1.164	NUM
ajfa-5212	354	16	0.0798	0.0798	NUM
ajfa-5212	354	17	1.083	1.083	NUM
ajfa-5212	354	18	com_08	com_08	ADJ
ajfa-5212	354	19	-0.0451	-0.0451	NOUN
ajfa-5212	354	20	*	*	SYM
ajfa-5212	354	21	*	*	X
ajfa-5212	354	22	0.956	0.956	NUM
ajfa-5212	354	23	-0.0616	-0.0616	X
ajfa-5212	354	24	0.94	0.94	NUM
ajfa-5212	354	25	com_09	com_09	NOUN
ajfa-5212	354	26	0.00679	0.00679	NUM
ajfa-5212	354	27	1.007	1.007	NUM
ajfa-5212	354	28	0.1427	0.1427	NUM
ajfa-5212	354	29	*	*	PUNCT
ajfa-5212	354	30	*	*	PUNCT
ajfa-5212	354	31	*	*	PUNCT
ajfa-5212	354	32	1.153	1.153	NUM
ajfa-5212	354	33	fin_01	fin_01	NOUN
ajfa-5212	355	1	0.00029	0.00029	NUM
ajfa-5212	355	2	*	*	PUNCT
ajfa-5212	355	3	*	*	PUNCT
ajfa-5212	355	4	*	*	SYM
ajfa-5212	355	5	1	1	NUM
ajfa-5212	355	6	fin	fin	NOUN
ajfa-5212	355	7	fin_02	fin_02	NOUN
ajfa-5212	355	8	-0.0307	-0.0307	NOUN
ajfa-5212	355	9	*	*	PUNCT
ajfa-5212	356	1	*	*	PUNCT
ajfa-5212	356	2	*	*	PUNCT
ajfa-5212	356	3	0.97	0.97	NUM
ajfa-5212	356	4	fin_03	fin_03	PROPN
ajfa-5212	356	5	-0.00116	-0.00116	VERB
ajfa-5212	356	6	0.999	0.999	NUM
ajfa-5212	356	7	fin_04	fin_04	PROPN
ajfa-5212	356	8	-0.00706	-0.00706	PUNCT
ajfa-5212	357	1	*	*	PUNCT
ajfa-5212	357	2	*	*	PUNCT
ajfa-5212	357	3	*	*	PUNCT
ajfa-5212	357	4	0.993	0.993	NUM
ajfa-5212	357	5	credit_01	credit_01	ADV
ajfa-5212	357	6	-0.6958	-0.6958	NOUN
ajfa-5212	358	1	*	*	PUNCT
ajfa-5212	358	2	*	*	PUNCT
ajfa-5212	358	3	*	*	X
ajfa-5212	358	4	0.499	0.499	NUM
ajfa-5212	358	5	-2.6842	-2.6842	X
ajfa-5212	359	1	*	*	PUNCT
ajfa-5212	360	1	*	*	PUNCT
ajfa-5212	360	2	*	*	X
ajfa-5212	360	3	0.068	0.068	NUM
ajfa-5212	360	4	credit	credit	NOUN
ajfa-5212	360	5	credit_02	credit_02	PROPN
ajfa-5212	360	6	-0.00223	-0.00223	PROPN
ajfa-5212	360	7	*	*	PUNCT
ajfa-5212	361	1	*	*	PUNCT
ajfa-5212	361	2	*	*	PUNCT
ajfa-5212	361	3	0.998	0.998	NUM
ajfa-5212	361	4	-0.00595	-0.00595	NOUN
ajfa-5212	361	5	*	*	PUNCT
ajfa-5212	361	6	*	*	PUNCT
ajfa-5212	361	7	*	*	X
ajfa-5212	361	8	0.994	0.994	NUM
ajfa-5212	361	9	note	note	NOUN
ajfa-5212	361	10	1	1	NUM
ajfa-5212	361	11	:	:	PUNCT
ajfa-5212	361	12	*	*	PUNCT
ajfa-5212	361	13	*	*	PUNCT
ajfa-5212	361	14	*	*	PUNCT
ajfa-5212	361	15	,	,	PUNCT
ajfa-5212	361	16	*	*	PUNCT
ajfa-5212	361	17	*	*	PUNCT
ajfa-5212	361	18	and	and	CCONJ
ajfa-5212	361	19	*	*	PUNCT
ajfa-5212	361	20	denote	denote	NOUN
ajfa-5212	361	21	significance	significance	NOUN
ajfa-5212	361	22	at	at	ADP
ajfa-5212	361	23	the	the	DET
ajfa-5212	361	24	0.01	0.01	NUM
ajfa-5212	361	25	,	,	PUNCT
ajfa-5212	361	26	0.05	0.05	NUM
ajfa-5212	361	27	and	and	CCONJ
ajfa-5212	361	28	0.1	0.1	NUM
ajfa-5212	361	29	levels	level	NOUN
ajfa-5212	361	30	,	,	PUNCT
ajfa-5212	361	31	respectively	respectively	ADV
ajfa-5212	361	32	.	.	PUNCT
ajfa-5212	362	1	note	note	VERB
ajfa-5212	362	2	2	2	NUM
ajfa-5212	362	3	:	:	PUNCT
ajfa-5212	362	4	the	the	DET
ajfa-5212	362	5	likelihood	likelihood	NOUN
ajfa-5212	362	6	ratio	ratio	NOUN
ajfa-5212	362	7	(	(	PUNCT
ajfa-5212	362	8	chi	chi	ADJ
ajfa-5212	362	9	-	-	PUNCT
ajfa-5212	362	10	square	square	ADJ
ajfa-5212	362	11	value	value	NOUN
ajfa-5212	362	12	)	)	PUNCT
ajfa-5212	362	13	of	of	ADP
ajfa-5212	362	14	the	the	DET
ajfa-5212	362	15	logit	logit	PROPN
ajfa-5212	362	16	model	model	NOUN
ajfa-5212	362	17	for	for	ADP
ajfa-5212	362	18	msbs	msbs	NOUN
ajfa-5212	362	19	is	be	AUX
ajfa-5212	362	20	2,878.19	2,878.19	NUM
ajfa-5212	362	21	,	,	PUNCT
ajfa-5212	362	22	and	and	CCONJ
ajfa-5212	362	23	the	the	DET
ajfa-5212	362	24	likelihood	likelihood	NOUN
ajfa-5212	362	25	ratio	ratio	NOUN
ajfa-5212	362	26	(	(	PUNCT
ajfa-5212	362	27	chi	chi	ADJ
ajfa-5212	362	28	-	-	PUNCT
ajfa-5212	362	29	square	square	ADJ
ajfa-5212	362	30	value	value	NOUN
ajfa-5212	362	31	)	)	PUNCT
ajfa-5212	362	32	of	of	ADP
ajfa-5212	362	33	the	the	DET
ajfa-5212	362	34	logit	logit	PROPN
ajfa-5212	362	35	model	model	NOUN
ajfa-5212	362	36	for	for	ADP
ajfa-5212	362	37	mlbs	mlbs	NOUN
ajfa-5212	362	38	is	be	AUX
ajfa-5212	362	39	1,704.57	1,704.57	NUM
ajfa-5212	362	40	,	,	PUNCT
ajfa-5212	362	41	which	which	PRON
ajfa-5212	362	42	reflects	reflect	VERB
ajfa-5212	362	43	good	good	ADJ
ajfa-5212	362	44	model	model	NOUN
ajfa-5212	362	45	fit	fit	ADJ
ajfa-5212	362	46	at	at	ADP
ajfa-5212	362	47	the	the	DET
ajfa-5212	362	48	1	1	NUM
ajfa-5212	362	49	%	%	NOUN
ajfa-5212	362	50	level	level	NOUN
ajfa-5212	362	51	.	.	PUNCT
ajfa-5212	363	1	5	5	X
ajfa-5212	363	2	.	.	X
ajfa-5212	363	3	conclusions	conclusion	NOUN
ajfa-5212	363	4	using	use	VERB
ajfa-5212	363	5	logit	logit	PROPN
ajfa-5212	363	6	regression	regression	NOUN
ajfa-5212	363	7	models	model	NOUN
ajfa-5212	363	8	,	,	PUNCT
ajfa-5212	363	9	we	we	PRON
ajfa-5212	363	10	explored	explore	VERB
ajfa-5212	363	11	whether	whether	SCONJ
ajfa-5212	363	12	banks	bank	NOUN
ajfa-5212	363	13	with	with	ADP
ajfa-5212	363	14	different	different	ADJ
ajfa-5212	363	15	lending	lending	NOUN
ajfa-5212	363	16	performances	performance	NOUN
ajfa-5212	363	17	placed	place	VERB
ajfa-5212	363	18	different	different	ADJ
ajfa-5212	363	19	levels	level	NOUN
ajfa-5212	363	20	of	of	ADP
ajfa-5212	363	21	emphasis	emphasis	NOUN
ajfa-5212	363	22	on	on	ADP
ajfa-5212	363	23	information	information	NOUN
ajfa-5212	363	24	asymmetry	asymmetry	NOUN
ajfa-5212	363	25	and	and	CCONJ
ajfa-5212	363	26	client	client	NOUN
ajfa-5212	363	27	credit	credit	NOUN
ajfa-5212	363	28	records	record	NOUN
ajfa-5212	363	29	.	.	PUNCT
ajfa-5212	364	1	the	the	DET
ajfa-5212	364	2	empirical	empirical	ADJ
ajfa-5212	364	3	results	result	NOUN
ajfa-5212	364	4	show	show	VERB
ajfa-5212	364	5	that	that	SCONJ
ajfa-5212	364	6	:	:	PUNCT
ajfa-5212	364	7	(	(	PUNCT
ajfa-5212	364	8	1	1	X
ajfa-5212	364	9	)	)	PUNCT
ajfa-5212	364	10	mlbs	mlb	NOUN
ajfa-5212	364	11	with	with	ADP
ajfa-5212	364	12	good	good	ADJ
ajfa-5212	364	13	information	information	NOUN
ajfa-5212	364	14	transparency	transparency	NOUN
ajfa-5212	364	15	tend	tend	VERB
ajfa-5212	364	16	to	to	PART
ajfa-5212	364	17	establish	establish	VERB
ajfa-5212	364	18	relationships	relationship	NOUN
ajfa-5212	364	19	with	with	ADP
ajfa-5212	364	20	“	"	PUNCT
ajfa-5212	364	21	word	word	NOUN
ajfa-5212	364	22	”	"	PUNCT
ajfa-5212	364	23	and	and	CCONJ
ajfa-5212	364	24	“	"	PUNCT
ajfa-5212	364	25	hccl	hccl	NOUN
ajfa-5212	364	26	”	"	PUNCT
ajfa-5212	364	27	banks	bank	NOUN
ajfa-5212	364	28	.	.	PUNCT
ajfa-5212	365	1	these	these	DET
ajfa-5212	365	2	results	result	NOUN
ajfa-5212	365	3	reveal	reveal	VERB
ajfa-5212	365	4	that	that	SCONJ
ajfa-5212	365	5	borrowers	borrower	NOUN
ajfa-5212	365	6	characterized	characterize	VERB
ajfa-5212	365	7	by	by	ADP
ajfa-5212	365	8	good	good	ADJ
ajfa-5212	365	9	information	information	NOUN
ajfa-5212	365	10	transparency	transparency	NOUN
ajfa-5212	365	11	and	and	CCONJ
ajfa-5212	365	12	large	large	ADJ
ajfa-5212	365	13	size	size	NOUN
ajfa-5212	365	14	tend	tend	VERB
ajfa-5212	365	15	to	to	PART
ajfa-5212	365	16	establish	establish	VERB
ajfa-5212	365	17	multiple	multiple	ADJ
ajfa-5212	365	18	relationships	relationship	NOUN
ajfa-5212	365	19	,	,	PUNCT
ajfa-5212	365	20	regardless	regardless	ADV
ajfa-5212	365	21	of	of	ADP
ajfa-5212	365	22	whether	whether	SCONJ
ajfa-5212	365	23	the	the	DET
ajfa-5212	365	24	banks	bank	NOUN
ajfa-5212	365	25	are	be	AUX
ajfa-5212	365	26	characterized	characterize	VERB
ajfa-5212	365	27	by	by	ADP
ajfa-5212	365	28	high	high	ADJ
ajfa-5212	365	29	or	or	CCONJ
ajfa-5212	365	30	low	low	ADJ
ajfa-5212	365	31	lending	lending	NOUN
ajfa-5212	365	32	performance	performance	NOUN
ajfa-5212	365	33	.	.	PUNCT
ajfa-5212	366	1	banks	bank	NOUN
ajfa-5212	366	2	with	with	ADP
ajfa-5212	366	3	“	"	PUNCT
ajfa-5212	366	4	hccl	hccl	PROPN
ajfa-5212	366	5	”	"	PUNCT
ajfa-5212	366	6	tend	tend	VERB
ajfa-5212	366	7	to	to	PART
ajfa-5212	366	8	build	build	VERB
ajfa-5212	366	9	relationships	relationship	NOUN
ajfa-5212	366	10	with	with	ADP
ajfa-5212	366	11	borrowers	borrower	NOUN
ajfa-5212	366	12	that	that	PRON
ajfa-5212	366	13	have	have	AUX
ajfa-5212	366	14	been	be	AUX
ajfa-5212	366	15	in	in	ADP
ajfa-5212	366	16	existence	existence	NOUN
ajfa-5212	366	17	for	for	ADP
ajfa-5212	366	18	short	short	ADJ
ajfa-5212	366	19	periods	period	NOUN
ajfa-5212	366	20	of	of	ADP
ajfa-5212	366	21	time	time	NOUN
ajfa-5212	366	22	,	,	PUNCT
ajfa-5212	366	23	especially	especially	ADV
ajfa-5212	366	24	following	follow	VERB
ajfa-5212	366	25	the	the	DET
ajfa-5212	366	26	approval	approval	NOUN
ajfa-5212	366	27	of	of	ADP
ajfa-5212	366	28	the	the	DET
ajfa-5212	366	29	policy	policy	NOUN
ajfa-5212	366	30	for	for	ADP
ajfa-5212	366	31	the	the	DET
ajfa-5212	366	32	establishment	establishment	NOUN
ajfa-5212	366	33	of	of	ADP
ajfa-5212	366	34	new	new	ADJ
ajfa-5212	366	35	banks	bank	NOUN
ajfa-5212	366	36	.	.	PUNCT
ajfa-5212	367	1	this	this	PRON
ajfa-5212	367	2	indicates	indicate	VERB
ajfa-5212	367	3	that	that	SCONJ
ajfa-5212	367	4	over	over	ADP
ajfa-5212	367	5	-	-	PUNCT
ajfa-5212	367	6	banking	banking	NOUN
ajfa-5212	367	7	exists	exist	VERB
ajfa-5212	367	8	in	in	ADP
ajfa-5212	367	9	taiwan	taiwan	PROPN
ajfa-5212	367	10	.	.	PUNCT
ajfa-5212	368	1	(	(	PUNCT
ajfa-5212	368	2	2	2	X
ajfa-5212	368	3	)	)	PUNCT
ajfa-5212	368	4	small	small	ADJ
ajfa-5212	368	5	foreign	foreign	ADJ
ajfa-5212	368	6	firms	firm	NOUN
ajfa-5212	368	7	,	,	PUNCT
ajfa-5212	368	8	as	as	ADV
ajfa-5212	368	9	well	well	ADV
ajfa-5212	368	10	as	as	ADP
ajfa-5212	368	11	mlbs	mlb	NOUN
ajfa-5212	368	12	with	with	ADP
ajfa-5212	368	13	high	high	ADJ
ajfa-5212	368	14	profitability	profitability	NOUN
ajfa-5212	368	15	ratios	ratio	NOUN
ajfa-5212	368	16	,	,	PUNCT
ajfa-5212	368	17	cash	cash	NOUN
ajfa-5212	368	18	ratios	ratio	NOUN
ajfa-5212	368	19	and	and	CCONJ
ajfa-5212	368	20	r&d	r&d	NOUN
ajfa-5212	368	21	expenditure	expenditure	NOUN
ajfa-5212	368	22	ratios	ratio	NOUN
ajfa-5212	368	23	prefer	prefer	VERB
ajfa-5212	368	24	building	build	VERB
ajfa-5212	368	25	relationships	relationship	NOUN
ajfa-5212	368	26	with	with	ADP
ajfa-5212	368	27	high	high	ADJ
ajfa-5212	368	28	lending	lending	NOUN
ajfa-5212	368	29	performance	performance	NOUN
ajfa-5212	368	30	and	and	CCONJ
ajfa-5212	368	31	low	low	ADJ
ajfa-5212	368	32	credit	credit	NOUN
ajfa-5212	368	33	risk	risk	NOUN
ajfa-5212	368	34	banks	bank	NOUN
ajfa-5212	368	35	.	.	PUNCT
ajfa-5212	369	1	owing	owe	VERB
ajfa-5212	369	2	to	to	ADP
ajfa-5212	369	3	the	the	DET
ajfa-5212	369	4	problem	problem	NOUN
ajfa-5212	369	5	of	of	ADP
ajfa-5212	369	6	over	over	ADP
ajfa-5212	369	7	-	-	PUNCT
ajfa-5212	369	8	banking	banking	NOUN
ajfa-5212	369	9	,	,	PUNCT
ajfa-5212	369	10	the	the	DET
ajfa-5212	369	11	borrowers	borrower	NOUN
ajfa-5212	369	12	with	with	ADP
ajfa-5212	369	13	high	high	ADJ
ajfa-5212	369	14	financial	financial	ADJ
ajfa-5212	369	15	leverage	leverage	NOUN
ajfa-5212	369	16	ratios	ratio	NOUN
ajfa-5212	369	17	are	be	AUX
ajfa-5212	369	18	still	still	ADV
ajfa-5212	369	19	adopted	adopt	VERB
ajfa-5212	369	20	by	by	ADP
ajfa-5212	369	21	banks	bank	NOUN
ajfa-5212	369	22	with	with	ADP
ajfa-5212	369	23	low	low	ADJ
ajfa-5212	369	24	lending	lending	NOUN
ajfa-5212	369	25	performance	performance	NOUN
ajfa-5212	369	26	.	.	PUNCT
ajfa-5212	370	1	(	(	PUNCT
ajfa-5212	370	2	3	3	X
ajfa-5212	370	3	)	)	PUNCT
ajfa-5212	370	4	msbs	msbs	NOUN
ajfa-5212	370	5	and	and	CCONJ
ajfa-5212	370	6	mlbs	mlb	NOUN
ajfa-5212	370	7	with	with	ADP
ajfa-5212	370	8	asian	asian	ADJ
ajfa-5212	370	9	journal	journal	NOUN
ajfa-5212	370	10	of	of	ADP
ajfa-5212	370	11	finance	finance	PROPN
ajfa-5212	370	12	&	&	CCONJ
ajfa-5212	370	13	accounting	accounting	PROPN
ajfa-5212	370	14	issn	issn	PROPN
ajfa-5212	370	15	1946	1946	NUM
ajfa-5212	370	16	-	-	PUNCT
ajfa-5212	370	17	052x	052x	PROPN
ajfa-5212	370	18	2014	2014	NUM
ajfa-5212	370	19	,	,	PUNCT
ajfa-5212	370	20	vol	vol	NOUN
ajfa-5212	370	21	.	.	PROPN
ajfa-5212	371	1	6	6	NUM
ajfa-5212	371	2	,	,	PUNCT
ajfa-5212	371	3	no	no	INTJ
ajfa-5212	371	4	.	.	NOUN
ajfa-5212	371	5	1	1	NUM
ajfa-5212	371	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	371	7	193	193	NUM
ajfa-5212	371	8	poor	poor	ADJ
ajfa-5212	371	9	credit	credit	NOUN
ajfa-5212	371	10	records	record	NOUN
ajfa-5212	371	11	prefer	prefer	VERB
ajfa-5212	371	12	having	have	VERB
ajfa-5212	371	13	relationships	relationship	NOUN
ajfa-5212	371	14	with	with	ADP
ajfa-5212	371	15	banks	bank	NOUN
ajfa-5212	371	16	with	with	ADP
ajfa-5212	371	17	high	high	ADJ
ajfa-5212	371	18	lending	lending	NOUN
ajfa-5212	371	19	performance	performance	NOUN
ajfa-5212	371	20	and	and	CCONJ
ajfa-5212	371	21	low	low	ADJ
ajfa-5212	371	22	credit	credit	NOUN
ajfa-5212	371	23	risk	risk	NOUN
ajfa-5212	371	24	.	.	PUNCT
ajfa-5212	372	1	moreover	moreover	ADV
ajfa-5212	372	2	,	,	PUNCT
ajfa-5212	372	3	in	in	ADP
ajfa-5212	372	4	the	the	DET
ajfa-5212	372	5	case	case	NOUN
ajfa-5212	372	6	of	of	ADP
ajfa-5212	372	7	where	where	SCONJ
ajfa-5212	372	8	the	the	DET
ajfa-5212	372	9	chairperson	chairperson	NOUN
ajfa-5212	372	10	’s	’s	PART
ajfa-5212	372	11	credit	credit	NOUN
ajfa-5212	372	12	score	score	NOUN
ajfa-5212	372	13	is	be	AUX
ajfa-5212	372	14	increased	increase	VERB
ajfa-5212	372	15	,	,	PUNCT
ajfa-5212	372	16	it	it	PRON
ajfa-5212	372	17	is	be	AUX
ajfa-5212	372	18	found	find	VERB
ajfa-5212	372	19	that	that	SCONJ
ajfa-5212	372	20	banks	bank	NOUN
ajfa-5212	372	21	with	with	ADP
ajfa-5212	372	22	high	high	ADJ
ajfa-5212	372	23	lending	lending	NOUN
ajfa-5212	372	24	performance	performance	NOUN
ajfa-5212	372	25	are	be	AUX
ajfa-5212	372	26	sufficiently	sufficiently	ADV
ajfa-5212	372	27	flexible	flexible	ADJ
ajfa-5212	372	28	in	in	ADP
ajfa-5212	372	29	taking	take	VERB
ajfa-5212	372	30	into	into	ADP
ajfa-5212	372	31	consideration	consideration	NOUN
ajfa-5212	372	32	soft	soft	ADJ
ajfa-5212	372	33	information	information	NOUN
ajfa-5212	372	34	instead	instead	ADV
ajfa-5212	372	35	of	of	ADP
ajfa-5212	372	36	just	just	ADV
ajfa-5212	372	37	hard	hard	ADJ
ajfa-5212	372	38	information	information	NOUN
ajfa-5212	372	39	.	.	PUNCT
ajfa-5212	373	1	this	this	PRON
ajfa-5212	373	2	creates	create	VERB
ajfa-5212	373	3	a	a	DET
ajfa-5212	373	4	policy	policy	NOUN
ajfa-5212	373	5	that	that	PRON
ajfa-5212	373	6	is	be	AUX
ajfa-5212	373	7	not	not	PART
ajfa-5212	373	8	only	only	ADV
ajfa-5212	373	9	beneficial	beneficial	ADJ
ajfa-5212	373	10	to	to	ADP
ajfa-5212	373	11	the	the	DET
ajfa-5212	373	12	lender	lender	NOUN
ajfa-5212	373	13	,	,	PUNCT
ajfa-5212	373	14	but	but	CCONJ
ajfa-5212	373	15	is	be	AUX
ajfa-5212	373	16	also	also	ADV
ajfa-5212	373	17	beneficial	beneficial	ADJ
ajfa-5212	373	18	to	to	ADP
ajfa-5212	373	19	the	the	DET
ajfa-5212	373	20	borrowers	borrower	NOUN
ajfa-5212	373	21	.	.	PUNCT
ajfa-5212	374	1	according	accord	VERB
ajfa-5212	374	2	to	to	ADP
ajfa-5212	374	3	a	a	DET
ajfa-5212	374	4	survey	survey	NOUN
ajfa-5212	374	5	from	from	ADP
ajfa-5212	374	6	taiwan	taiwan	PROPN
ajfa-5212	374	7	,	,	PUNCT
ajfa-5212	374	8	it	it	PRON
ajfa-5212	374	9	was	be	AUX
ajfa-5212	374	10	found	find	VERB
ajfa-5212	374	11	that	that	SCONJ
ajfa-5212	374	12	the	the	DET
ajfa-5212	374	13	msbs	msbs	NOUN
ajfa-5212	374	14	that	that	PRON
ajfa-5212	374	15	received	receive	VERB
ajfa-5212	374	16	loans	loan	NOUN
ajfa-5212	374	17	from	from	ADP
ajfa-5212	374	18	banks	bank	NOUN
ajfa-5212	374	19	accounted	account	VERB
ajfa-5212	374	20	for	for	ADP
ajfa-5212	374	21	only	only	ADV
ajfa-5212	374	22	4	4	NUM
ajfa-5212	374	23	%	%	NOUN
ajfa-5212	374	24	of	of	ADP
ajfa-5212	374	25	the	the	DET
ajfa-5212	374	26	total	total	NOUN
ajfa-5212	374	27	in	in	ADP
ajfa-5212	374	28	2006	2006	NUM
ajfa-5212	374	29	and	and	CCONJ
ajfa-5212	374	30	the	the	DET
ajfa-5212	374	31	amount	amount	NOUN
ajfa-5212	374	32	financed	finance	VERB
ajfa-5212	374	33	was	be	AUX
ajfa-5212	374	34	less	less	ADJ
ajfa-5212	374	35	than	than	ADP
ajfa-5212	374	36	one	one	NUM
ajfa-5212	374	37	million	million	NUM
ajfa-5212	374	38	.	.	PUNCT
ajfa-5212	375	1	therefore	therefore	ADV
ajfa-5212	375	2	,	,	PUNCT
ajfa-5212	375	3	if	if	SCONJ
ajfa-5212	375	4	the	the	DET
ajfa-5212	375	5	accounting	accounting	NOUN
ajfa-5212	375	6	association	association	PROPN
ajfa-5212	375	7	in	in	ADP
ajfa-5212	375	8	taiwan	taiwan	PROPN
ajfa-5212	375	9	makes	make	VERB
ajfa-5212	375	10	an	an	DET
ajfa-5212	375	11	effort	effort	NOUN
ajfa-5212	375	12	to	to	PART
ajfa-5212	375	13	introduce	introduce	VERB
ajfa-5212	375	14	the	the	DET
ajfa-5212	375	15	ifrs	ifrs	NOUN
ajfa-5212	375	16	for	for	ADP
ajfa-5212	375	17	smes	sme	NOUN
ajfa-5212	375	18	to	to	ADP
ajfa-5212	375	19	these	these	DET
ajfa-5212	375	20	msbs	msbs	NOUN
ajfa-5212	375	21	and	and	CCONJ
ajfa-5212	375	22	helps	help	VERB
ajfa-5212	375	23	them	they	PRON
ajfa-5212	375	24	prepare	prepare	VERB
ajfa-5212	375	25	financial	financial	ADJ
ajfa-5212	375	26	statements	statement	NOUN
ajfa-5212	375	27	periodically	periodically	ADV
ajfa-5212	375	28	,	,	PUNCT
ajfa-5212	375	29	it	it	PRON
ajfa-5212	375	30	will	will	AUX
ajfa-5212	375	31	help	help	VERB
ajfa-5212	375	32	reduce	reduce	VERB
ajfa-5212	375	33	the	the	DET
ajfa-5212	375	34	likelihood	likelihood	NOUN
ajfa-5212	375	35	of	of	ADP
ajfa-5212	375	36	information	information	NOUN
ajfa-5212	375	37	asymmetry	asymmetry	NOUN
ajfa-5212	375	38	and	and	CCONJ
ajfa-5212	375	39	the	the	DET
ajfa-5212	375	40	probability	probability	NOUN
ajfa-5212	375	41	of	of	ADP
ajfa-5212	375	42	such	such	ADJ
ajfa-5212	375	43	firms	firm	NOUN
ajfa-5212	375	44	receiving	receive	VERB
ajfa-5212	375	45	loans	loan	NOUN
ajfa-5212	375	46	from	from	ADP
ajfa-5212	375	47	banks	bank	NOUN
ajfa-5212	375	48	.	.	PUNCT
ajfa-5212	376	1	moreover	moreover	ADV
ajfa-5212	376	2	,	,	PUNCT
ajfa-5212	376	3	banks	bank	NOUN
ajfa-5212	376	4	can	can	AUX
ajfa-5212	376	5	enhance	enhance	VERB
ajfa-5212	376	6	their	their	PRON
ajfa-5212	376	7	lending	lending	NOUN
ajfa-5212	376	8	performance	performance	NOUN
ajfa-5212	376	9	by	by	ADP
ajfa-5212	376	10	expanding	expand	VERB
ajfa-5212	376	11	their	their	PRON
ajfa-5212	376	12	lending	lending	NOUN
ajfa-5212	376	13	activities	activity	NOUN
ajfa-5212	376	14	to	to	ADP
ajfa-5212	376	15	thousands	thousand	NOUN
ajfa-5212	376	16	of	of	ADP
ajfa-5212	376	17	msbs	msbs	NOUN
ajfa-5212	376	18	.	.	PUNCT
ajfa-5212	377	1	it	it	PRON
ajfa-5212	377	2	is	be	AUX
ajfa-5212	377	3	really	really	ADV
ajfa-5212	377	4	a	a	DET
ajfa-5212	377	5	four	four	NUM
ajfa-5212	377	6	-	-	PUNCT
ajfa-5212	377	7	way	way	NOUN
ajfa-5212	377	8	win	win	NOUN
ajfa-5212	377	9	policy	policy	NOUN
ajfa-5212	377	10	for	for	ADP
ajfa-5212	377	11	the	the	DET
ajfa-5212	377	12	government	government	NOUN
ajfa-5212	377	13	,	,	PUNCT
ajfa-5212	377	14	banks	bank	NOUN
ajfa-5212	377	15	,	,	PUNCT
ajfa-5212	377	16	accounting	accounting	NOUN
ajfa-5212	377	17	associations	association	NOUN
ajfa-5212	377	18	and	and	CCONJ
ajfa-5212	377	19	firms	firm	NOUN
ajfa-5212	377	20	,	,	PUNCT
ajfa-5212	377	21	and	and	CCONJ
ajfa-5212	377	22	it	it	PRON
ajfa-5212	377	23	is	be	AUX
ajfa-5212	377	24	worth	worth	ADJ
ajfa-5212	377	25	coordinating	coordinate	VERB
ajfa-5212	377	26	related	related	ADJ
ajfa-5212	377	27	units	unit	NOUN
ajfa-5212	377	28	to	to	PART
ajfa-5212	377	29	introduce	introduce	VERB
ajfa-5212	377	30	these	these	DET
ajfa-5212	377	31	improved	improved	ADJ
ajfa-5212	377	32	policies	policy	NOUN
ajfa-5212	377	33	or	or	CCONJ
ajfa-5212	377	34	regulations	regulation	NOUN
ajfa-5212	377	35	.	.	PUNCT
ajfa-5212	378	1	although	although	SCONJ
ajfa-5212	378	2	the	the	DET
ajfa-5212	378	3	empirical	empirical	ADJ
ajfa-5212	378	4	results	result	NOUN
ajfa-5212	378	5	indicate	indicate	VERB
ajfa-5212	378	6	that	that	SCONJ
ajfa-5212	378	7	client	client	NOUN
ajfa-5212	378	8	credit	credit	NOUN
ajfa-5212	378	9	records	record	NOUN
ajfa-5212	378	10	are	be	AUX
ajfa-5212	378	11	a	a	DET
ajfa-5212	378	12	very	very	ADV
ajfa-5212	378	13	important	important	ADJ
ajfa-5212	378	14	source	source	NOUN
ajfa-5212	378	15	of	of	ADP
ajfa-5212	378	16	information	information	NOUN
ajfa-5212	378	17	for	for	ADP
ajfa-5212	378	18	lending	lending	NOUN
ajfa-5212	378	19	activity	activity	NOUN
ajfa-5212	378	20	,	,	PUNCT
ajfa-5212	378	21	it	it	PRON
ajfa-5212	378	22	is	be	AUX
ajfa-5212	378	23	recognized	recognize	VERB
ajfa-5212	378	24	that	that	SCONJ
ajfa-5212	378	25	many	many	ADJ
ajfa-5212	378	26	clients	client	NOUN
ajfa-5212	378	27	can	can	AUX
ajfa-5212	378	28	not	not	PART
ajfa-5212	378	29	provide	provide	VERB
ajfa-5212	378	30	all	all	DET
ajfa-5212	378	31	the	the	DET
ajfa-5212	378	32	needed	need	VERB
ajfa-5212	378	33	financial	financial	ADJ
ajfa-5212	378	34	statements	statement	NOUN
ajfa-5212	378	35	.	.	PUNCT
ajfa-5212	379	1	this	this	DET
ajfa-5212	379	2	study	study	NOUN
ajfa-5212	379	3	confirms	confirm	VERB
ajfa-5212	379	4	the	the	DET
ajfa-5212	379	5	prior	prior	ADJ
ajfa-5212	379	6	research	research	NOUN
ajfa-5212	379	7	findings	finding	NOUN
ajfa-5212	379	8	that	that	PRON
ajfa-5212	379	9	integrated	integrate	VERB
ajfa-5212	379	10	financial	financial	ADJ
ajfa-5212	379	11	and	and	CCONJ
ajfa-5212	379	12	non	non	ADJ
ajfa-5212	379	13	-	-	ADJ
ajfa-5212	379	14	financial	financial	ADJ
ajfa-5212	379	15	indicators	indicator	NOUN
ajfa-5212	379	16	in	in	ADP
ajfa-5212	379	17	the	the	DET
ajfa-5212	379	18	prediction	prediction	NOUN
ajfa-5212	379	19	defaulting	default	VERB
ajfa-5212	379	20	model	model	NOUN
ajfa-5212	379	21	will	will	AUX
ajfa-5212	379	22	result	result	VERB
ajfa-5212	379	23	more	more	ADV
ajfa-5212	379	24	accurate	accurate	ADJ
ajfa-5212	379	25	prediction	prediction	NOUN
ajfa-5212	379	26	rates	rate	NOUN
ajfa-5212	379	27	.	.	PUNCT
ajfa-5212	380	1	moreover	moreover	ADV
ajfa-5212	380	2	,	,	PUNCT
ajfa-5212	380	3	we	we	PRON
ajfa-5212	380	4	suggest	suggest	VERB
ajfa-5212	380	5	the	the	DET
ajfa-5212	380	6	future	future	ADJ
ajfa-5212	380	7	research	research	NOUN
ajfa-5212	380	8	can	can	AUX
ajfa-5212	380	9	refer	refer	VERB
ajfa-5212	380	10	to	to	ADP
ajfa-5212	380	11	the	the	DET
ajfa-5212	380	12	method	method	NOUN
ajfa-5212	380	13	presented	present	VERB
ajfa-5212	380	14	by	by	ADP
ajfa-5212	380	15	jacobson	jacobson	PROPN
ajfa-5212	380	16	and	and	CCONJ
ajfa-5212	380	17	roszbach	roszbach	NOUN
ajfa-5212	380	18	(	(	PUNCT
ajfa-5212	380	19	2003	2003	NUM
ajfa-5212	380	20	)	)	PUNCT
ajfa-5212	380	21	,	,	PUNCT
ajfa-5212	380	22	using	use	VERB
ajfa-5212	380	23	bivariate	bivariate	ADJ
ajfa-5212	380	24	probit	probit	NOUN
ajfa-5212	380	25	regression	regression	NOUN
ajfa-5212	380	26	model	model	NOUN
ajfa-5212	380	27	to	to	PART
ajfa-5212	380	28	solve	solve	VERB
ajfa-5212	380	29	the	the	DET
ajfa-5212	380	30	sampling	sample	VERB
ajfa-5212	380	31	selection	selection	NOUN
ajfa-5212	380	32	bias	bias	NOUN
ajfa-5212	380	33	to	to	PART
ajfa-5212	380	34	explore	explore	VERB
ajfa-5212	380	35	what	what	PRON
ajfa-5212	380	36	factors	factor	NOUN
ajfa-5212	380	37	significantly	significantly	ADV
ajfa-5212	380	38	impact	impact	VERB
ajfa-5212	380	39	the	the	DET
ajfa-5212	380	40	lending	lending	NOUN
ajfa-5212	380	41	performance	performance	NOUN
ajfa-5212	380	42	of	of	ADP
ajfa-5212	380	43	banks	bank	NOUN
ajfa-5212	380	44	and	and	CCONJ
ajfa-5212	380	45	default	default	NOUN
ajfa-5212	380	46	of	of	ADP
ajfa-5212	380	47	borrowers	borrower	NOUN
ajfa-5212	380	48	and	and	CCONJ
ajfa-5212	380	49	how	how	SCONJ
ajfa-5212	380	50	it	it	PRON
ajfa-5212	380	51	work	work	VERB
ajfa-5212	380	52	.	.	PUNCT
ajfa-5212	381	1	notes	note	VERB
ajfa-5212	381	2	1	1	NUM
ajfa-5212	381	3	.	.	PUNCT
ajfa-5212	382	1	it	it	PRON
ajfa-5212	382	2	is	be	AUX
ajfa-5212	382	3	a	a	DET
ajfa-5212	382	4	requirement	requirement	NOUN
ajfa-5212	382	5	of	of	ADP
ajfa-5212	382	6	the	the	DET
ajfa-5212	382	7	banking	banking	NOUN
ajfa-5212	382	8	association	association	NOUN
ajfa-5212	382	9	that	that	SCONJ
ajfa-5212	382	10	a	a	DET
ajfa-5212	382	11	lending	lending	NOUN
ajfa-5212	382	12	bank	bank	NOUN
ajfa-5212	382	13	check	check	VERB
ajfa-5212	382	14	a	a	DET
ajfa-5212	382	15	firm	firm	NOUN
ajfa-5212	382	16	’s	’s	PART
ajfa-5212	382	17	credit	credit	NOUN
ajfa-5212	382	18	record	record	NOUN
ajfa-5212	382	19	in	in	ADP
ajfa-5212	382	20	the	the	DET
ajfa-5212	382	21	jcic	jcic	NOUN
ajfa-5212	382	22	before	before	ADP
ajfa-5212	382	23	approving	approve	VERB
ajfa-5212	382	24	each	each	DET
ajfa-5212	382	25	loan	loan	NOUN
ajfa-5212	382	26	case	case	NOUN
ajfa-5212	382	27	.	.	PUNCT
ajfa-5212	383	1	in	in	ADP
ajfa-5212	383	2	this	this	DET
ajfa-5212	383	3	paper	paper	NOUN
ajfa-5212	383	4	,	,	PUNCT
ajfa-5212	383	5	we	we	PRON
ajfa-5212	383	6	define	define	VERB
ajfa-5212	383	7	“	"	PUNCT
ajfa-5212	383	8	bad	bad	ADJ
ajfa-5212	383	9	credit	credit	NOUN
ajfa-5212	383	10	record	record	NOUN
ajfa-5212	383	11	in	in	ADP
ajfa-5212	383	12	the	the	DET
ajfa-5212	383	13	past	past	NOUN
ajfa-5212	383	14	”	"	PUNCT
ajfa-5212	383	15	as	as	ADP
ajfa-5212	383	16	referring	refer	VERB
ajfa-5212	383	17	to	to	ADP
ajfa-5212	383	18	those	those	DET
ajfa-5212	383	19	firms	firm	NOUN
ajfa-5212	383	20	that	that	PRON
ajfa-5212	383	21	have	have	VERB
ajfa-5212	383	22	a	a	DET
ajfa-5212	383	23	record	record	NOUN
ajfa-5212	383	24	of	of	ADP
ajfa-5212	383	25	default	default	NOUN
ajfa-5212	383	26	,	,	PUNCT
ajfa-5212	383	27	not	not	PART
ajfa-5212	383	28	sufficient	sufficient	ADJ
ajfa-5212	383	29	funds	fund	NOUN
ajfa-5212	383	30	(	(	PUNCT
ajfa-5212	383	31	nsf	nsf	NOUN
ajfa-5212	383	32	)	)	PUNCT
ajfa-5212	383	33	or	or	CCONJ
ajfa-5212	383	34	bad	bad	ADJ
ajfa-5212	383	35	debts	debt	NOUN
ajfa-5212	383	36	.	.	PUNCT
ajfa-5212	384	1	although	although	SCONJ
ajfa-5212	384	2	checking	check	VERB
ajfa-5212	384	3	the	the	DET
ajfa-5212	384	4	credit	credit	NOUN
ajfa-5212	384	5	score	score	NOUN
ajfa-5212	384	6	records	record	NOUN
ajfa-5212	384	7	of	of	ADP
ajfa-5212	384	8	the	the	DET
ajfa-5212	384	9	chairperson	chairperson	NOUN
ajfa-5212	384	10	is	be	AUX
ajfa-5212	384	11	not	not	PART
ajfa-5212	384	12	essential	essential	ADJ
ajfa-5212	384	13	,	,	PUNCT
ajfa-5212	384	14	most	most	ADJ
ajfa-5212	384	15	banks	bank	NOUN
ajfa-5212	384	16	do	do	VERB
ajfa-5212	384	17	so	so	ADV
ajfa-5212	384	18	.	.	PUNCT
ajfa-5212	385	1	banks	bank	NOUN
ajfa-5212	385	2	especially	especially	ADV
ajfa-5212	385	3	do	do	VERB
ajfa-5212	385	4	this	this	PRON
ajfa-5212	385	5	in	in	ADP
ajfa-5212	385	6	the	the	DET
ajfa-5212	385	7	case	case	NOUN
ajfa-5212	385	8	of	of	ADP
ajfa-5212	385	9	borrowers	borrower	NOUN
ajfa-5212	385	10	with	with	ADP
ajfa-5212	385	11	a	a	DET
ajfa-5212	385	12	poor	poor	ADJ
ajfa-5212	385	13	credit	credit	NOUN
ajfa-5212	385	14	record	record	NOUN
ajfa-5212	385	15	and	and	CCONJ
ajfa-5212	385	16	a	a	DET
ajfa-5212	385	17	relatively	relatively	ADV
ajfa-5212	385	18	high	high	ADJ
ajfa-5212	385	19	risk	risk	NOUN
ajfa-5212	385	20	of	of	ADP
ajfa-5212	385	21	default	default	NOUN
ajfa-5212	385	22	.	.	PUNCT
ajfa-5212	386	1	banks	bank	NOUN
ajfa-5212	386	2	will	will	AUX
ajfa-5212	386	3	ask	ask	VERB
ajfa-5212	386	4	for	for	ADP
ajfa-5212	386	5	collateral	collateral	NOUN
ajfa-5212	386	6	and	and	CCONJ
ajfa-5212	386	7	the	the	DET
ajfa-5212	386	8	chairperson	chairperson	NOUN
ajfa-5212	386	9	’s	’s	PART
ajfa-5212	386	10	credit	credit	NOUN
ajfa-5212	386	11	score	score	NOUN
ajfa-5212	386	12	above	above	ADP
ajfa-5212	386	13	a	a	DET
ajfa-5212	386	14	certain	certain	ADJ
ajfa-5212	386	15	threshold	threshold	NOUN
ajfa-5212	386	16	,	,	PUNCT
ajfa-5212	386	17	even	even	ADV
ajfa-5212	386	18	with	with	ADP
ajfa-5212	386	19	a	a	DET
ajfa-5212	386	20	guarantee	guarantee	NOUN
ajfa-5212	386	21	.	.	PUNCT
ajfa-5212	387	1	therefore	therefore	ADV
ajfa-5212	387	2	,	,	PUNCT
ajfa-5212	387	3	the	the	DET
ajfa-5212	387	4	information	information	NOUN
ajfa-5212	387	5	regarding	regard	VERB
ajfa-5212	387	6	the	the	DET
ajfa-5212	387	7	“	"	PUNCT
ajfa-5212	387	8	credit	credit	NOUN
ajfa-5212	387	9	score	score	NOUN
ajfa-5212	387	10	of	of	ADP
ajfa-5212	387	11	the	the	DET
ajfa-5212	387	12	chairperson	chairperson	NOUN
ajfa-5212	387	13	”	"	PUNCT
ajfa-5212	387	14	released	release	VERB
ajfa-5212	387	15	by	by	ADP
ajfa-5212	387	16	the	the	DET
ajfa-5212	387	17	jcic	jcic	NOUN
ajfa-5212	387	18	is	be	AUX
ajfa-5212	387	19	essential	essential	ADJ
ajfa-5212	387	20	in	in	ADP
ajfa-5212	387	21	practice	practice	NOUN
ajfa-5212	387	22	.	.	PUNCT
ajfa-5212	388	1	2	2	X
ajfa-5212	388	2	.	.	X
ajfa-5212	388	3	according	accord	VERB
ajfa-5212	388	4	to	to	ADP
ajfa-5212	388	5	financial	financial	ADJ
ajfa-5212	388	6	statistics	statistic	NOUN
ajfa-5212	388	7	monthly	monthly	ADV
ajfa-5212	388	8	,	,	PUNCT
ajfa-5212	388	9	issued	issue	VERB
ajfa-5212	388	10	by	by	ADP
ajfa-5212	388	11	the	the	DET
ajfa-5212	388	12	central	central	ADJ
ajfa-5212	388	13	bank	bank	NOUN
ajfa-5212	388	14	,	,	PUNCT
ajfa-5212	388	15	at	at	ADP
ajfa-5212	388	16	the	the	DET
ajfa-5212	388	17	end	end	NOUN
ajfa-5212	388	18	of	of	ADP
ajfa-5212	388	19	2008	2008	NUM
ajfa-5212	388	20	there	there	PRON
ajfa-5212	388	21	were	be	VERB
ajfa-5212	388	22	7	7	NUM
ajfa-5212	388	23	banks	bank	NOUN
ajfa-5212	388	24	that	that	PRON
ajfa-5212	388	25	were	be	AUX
ajfa-5212	388	26	identified	identify	VERB
ajfa-5212	388	27	as	as	ADP
ajfa-5212	388	28	having	having	AUX
ajfa-5212	388	29	written	write	VERB
ajfa-5212	388	30	off	off	ADP
ajfa-5212	388	31	bad	bad	ADJ
ajfa-5212	388	32	debts	debt	NOUN
ajfa-5212	388	33	amounting	amount	VERB
ajfa-5212	388	34	to	to	ADP
ajfa-5212	388	35	over	over	ADP
ajfa-5212	388	36	nt$50	nt$50	PROPN
ajfa-5212	388	37	billion	billion	NUM
ajfa-5212	388	38	.	.	PUNCT
ajfa-5212	389	1	however	however	ADV
ajfa-5212	389	2	,	,	PUNCT
ajfa-5212	389	3	we	we	PRON
ajfa-5212	389	4	can	can	AUX
ajfa-5212	389	5	not	not	PART
ajfa-5212	389	6	provide	provide	VERB
ajfa-5212	389	7	detailed	detailed	ADJ
ajfa-5212	389	8	information	information	NOUN
ajfa-5212	389	9	about	about	ADP
ajfa-5212	389	10	these	these	DET
ajfa-5212	389	11	banks	bank	NOUN
ajfa-5212	389	12	or	or	CCONJ
ajfa-5212	389	13	financial	financial	ADJ
ajfa-5212	389	14	holding	hold	VERB
ajfa-5212	389	15	companies	company	NOUN
ajfa-5212	389	16	,	,	PUNCT
ajfa-5212	389	17	for	for	ADP
ajfa-5212	389	18	confidentiality	confidentiality	NOUN
ajfa-5212	389	19	reasons	reason	NOUN
ajfa-5212	389	20	.	.	PUNCT
ajfa-5212	390	1	these	these	DET
ajfa-5212	390	2	7	7	NUM
ajfa-5212	390	3	banks	bank	NOUN
ajfa-5212	390	4	are	be	AUX
ajfa-5212	390	5	regarded	regard	VERB
ajfa-5212	390	6	as	as	ADP
ajfa-5212	390	7	the	the	DET
ajfa-5212	390	8	control	control	NOUN
ajfa-5212	390	9	sample	sample	NOUN
ajfa-5212	390	10	.	.	PUNCT
ajfa-5212	391	1	3	3	X
ajfa-5212	391	2	.	.	PUNCT
ajfa-5212	391	3	according	accord	VERB
ajfa-5212	391	4	to	to	ADP
ajfa-5212	391	5	the	the	DET
ajfa-5212	391	6	report	report	NOUN
ajfa-5212	391	7	on	on	ADP
ajfa-5212	391	8	the	the	DET
ajfa-5212	391	9	debt	debt	NOUN
ajfa-5212	391	10	negotiation	negotiation	NOUN
ajfa-5212	391	11	in	in	ADP
ajfa-5212	391	12	retail	retail	ADJ
ajfa-5212	391	13	finance	finance	NOUN
ajfa-5212	391	14	issued	issue	VERB
ajfa-5212	391	15	by	by	ADP
ajfa-5212	391	16	the	the	DET
ajfa-5212	391	17	bankers	banker	NOUN
ajfa-5212	391	18	’	'	PUNCT
ajfa-5212	391	19	association	association	NOUN
ajfa-5212	391	20	,	,	PUNCT
ajfa-5212	391	21	there	there	PRON
ajfa-5212	391	22	are	be	VERB
ajfa-5212	391	23	8	8	NUM
ajfa-5212	391	24	banks	bank	NOUN
ajfa-5212	391	25	that	that	PRON
ajfa-5212	391	26	are	be	AUX
ajfa-5212	391	27	characterized	characterize	VERB
ajfa-5212	391	28	by	by	ADP
ajfa-5212	391	29	heavy	heavy	ADJ
ajfa-5212	391	30	losses	loss	NOUN
ajfa-5212	391	31	from	from	ADP
ajfa-5212	391	32	credit	credit	NOUN
ajfa-5212	391	33	card	card	NOUN
ajfa-5212	391	34	loans	loan	NOUN
ajfa-5212	391	35	.	.	PUNCT
ajfa-5212	392	1	asian	asian	ADJ
ajfa-5212	392	2	journal	journal	PROPN
ajfa-5212	392	3	of	of	ADP
ajfa-5212	392	4	finance	finance	PROPN
ajfa-5212	392	5	&	&	CCONJ
ajfa-5212	392	6	accounting	accounting	PROPN
ajfa-5212	392	7	issn	issn	PROPN
ajfa-5212	392	8	1946	1946	NUM
ajfa-5212	392	9	-	-	PUNCT
ajfa-5212	392	10	052x	052x	PROPN
ajfa-5212	392	11	2014	2014	NUM
ajfa-5212	392	12	,	,	PUNCT
ajfa-5212	392	13	vol	vol	NOUN
ajfa-5212	392	14	.	.	PROPN
ajfa-5212	393	1	6	6	NUM
ajfa-5212	393	2	,	,	PUNCT
ajfa-5212	393	3	no	no	INTJ
ajfa-5212	393	4	.	.	NOUN
ajfa-5212	393	5	1	1	NUM
ajfa-5212	393	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	393	7	194	194	NUM
ajfa-5212	393	8	however	however	ADV
ajfa-5212	393	9	,	,	PUNCT
ajfa-5212	393	10	we	we	PRON
ajfa-5212	393	11	can	can	AUX
ajfa-5212	393	12	not	not	PART
ajfa-5212	393	13	provide	provide	VERB
ajfa-5212	393	14	detailed	detailed	ADJ
ajfa-5212	393	15	information	information	NOUN
ajfa-5212	393	16	about	about	ADP
ajfa-5212	393	17	these	these	DET
ajfa-5212	393	18	banks	bank	NOUN
ajfa-5212	393	19	or	or	CCONJ
ajfa-5212	393	20	financial	financial	ADJ
ajfa-5212	393	21	holding	hold	VERB
ajfa-5212	393	22	companies	company	NOUN
ajfa-5212	393	23	,	,	PUNCT
ajfa-5212	393	24	for	for	ADP
ajfa-5212	393	25	confidentiality	confidentiality	NOUN
ajfa-5212	393	26	reasons	reason	NOUN
ajfa-5212	393	27	.	.	PUNCT
ajfa-5212	394	1	these	these	DET
ajfa-5212	394	2	8	8	NUM
ajfa-5212	394	3	banks	bank	NOUN
ajfa-5212	394	4	are	be	AUX
ajfa-5212	394	5	regarded	regard	VERB
ajfa-5212	394	6	as	as	ADP
ajfa-5212	394	7	the	the	DET
ajfa-5212	394	8	control	control	NOUN
ajfa-5212	394	9	sample	sample	NOUN
ajfa-5212	394	10	.	.	PUNCT
ajfa-5212	395	1	4	4	X
ajfa-5212	395	2	.	.	X
ajfa-5212	395	3	in	in	ADP
ajfa-5212	395	4	taiwan	taiwan	PROPN
ajfa-5212	395	5	,	,	PUNCT
ajfa-5212	395	6	publicly	publicly	ADV
ajfa-5212	395	7	-	-	PUNCT
ajfa-5212	395	8	held	hold	VERB
ajfa-5212	395	9	companies	company	NOUN
ajfa-5212	395	10	are	be	AUX
ajfa-5212	395	11	permitted	permit	VERB
ajfa-5212	395	12	to	to	PART
ajfa-5212	395	13	issue	issue	VERB
ajfa-5212	395	14	straight	straight	ADJ
ajfa-5212	395	15	bonds	bond	NOUN
ajfa-5212	395	16	,	,	PUNCT
ajfa-5212	395	17	but	but	CCONJ
ajfa-5212	395	18	only	only	ADV
ajfa-5212	395	19	listed	list	VERB
ajfa-5212	395	20	and	and	CCONJ
ajfa-5212	395	21	over	over	ADP
ajfa-5212	395	22	-	-	PUNCT
ajfa-5212	395	23	the	the	DET
ajfa-5212	395	24	-	-	PUNCT
ajfa-5212	395	25	counter	counter	NOUN
ajfa-5212	395	26	(	(	PUNCT
ajfa-5212	395	27	otc	otc	PROPN
ajfa-5212	395	28	)	)	PUNCT
ajfa-5212	395	29	companies	company	NOUN
ajfa-5212	395	30	are	be	AUX
ajfa-5212	395	31	allowed	allow	VERB
ajfa-5212	395	32	to	to	PART
ajfa-5212	395	33	issue	issue	VERB
ajfa-5212	395	34	convertible	convertible	ADJ
ajfa-5212	395	35	bonds	bond	NOUN
ajfa-5212	395	36	.	.	PUNCT
ajfa-5212	396	1	5	5	X
ajfa-5212	396	2	.	.	PUNCT
ajfa-5212	396	3	concerning	concern	VERB
ajfa-5212	396	4	to	to	ADP
ajfa-5212	396	5	the	the	DET
ajfa-5212	396	6	operating	operate	VERB
ajfa-5212	396	7	definitions	definition	NOUN
ajfa-5212	396	8	of	of	ADP
ajfa-5212	396	9	msbs	msbs	NOUN
ajfa-5212	396	10	and	and	CCONJ
ajfa-5212	396	11	mlbs	mlb	NOUN
ajfa-5212	396	12	,	,	PUNCT
ajfa-5212	396	13	please	please	INTJ
ajfa-5212	396	14	refer	refer	VERB
ajfa-5212	396	15	to	to	ADP
ajfa-5212	396	16	sections	section	NOUN
ajfa-5212	396	17	3.1	3.1	NUM
ajfa-5212	396	18	and	and	CCONJ
ajfa-5212	396	19	3.2	3.2	NUM
ajfa-5212	396	20	.	.	NOUN
ajfa-5212	397	1	6	6	NUM
ajfa-5212	397	2	.	.	X
ajfa-5212	398	1	if	if	SCONJ
ajfa-5212	398	2	the	the	DET
ajfa-5212	398	3	bank	bank	NOUN
ajfa-5212	398	4	’s	’s	PART
ajfa-5212	398	5	top	top	ADJ
ajfa-5212	398	6	executives	executive	NOUN
ajfa-5212	398	7	are	be	AUX
ajfa-5212	398	8	unable	unable	ADJ
ajfa-5212	398	9	to	to	PART
ajfa-5212	398	10	examine	examine	VERB
ajfa-5212	398	11	the	the	DET
ajfa-5212	398	12	failure	failure	NOUN
ajfa-5212	398	13	of	of	ADP
ajfa-5212	398	14	operating	operating	NOUN
ajfa-5212	398	15	strategies	strategy	NOUN
ajfa-5212	398	16	in	in	ADP
ajfa-5212	398	17	corporate	corporate	ADJ
ajfa-5212	398	18	finance	finance	NOUN
ajfa-5212	398	19	in	in	ADP
ajfa-5212	398	20	depth	depth	NOUN
ajfa-5212	398	21	,	,	PUNCT
ajfa-5212	398	22	and	and	CCONJ
ajfa-5212	398	23	they	they	PRON
ajfa-5212	398	24	rush	rush	VERB
ajfa-5212	398	25	to	to	PART
ajfa-5212	398	26	expand	expand	VERB
ajfa-5212	398	27	their	their	PRON
ajfa-5212	398	28	credit	credit	NOUN
ajfa-5212	398	29	card	card	NOUN
ajfa-5212	398	30	and	and	CCONJ
ajfa-5212	398	31	cash	cash	NOUN
ajfa-5212	398	32	card	card	NOUN
ajfa-5212	398	33	-	-	PUNCT
ajfa-5212	398	34	based	base	VERB
ajfa-5212	398	35	“	"	PUNCT
ajfa-5212	398	36	retail	retail	ADJ
ajfa-5212	398	37	finance	finance	NOUN
ajfa-5212	398	38	business	business	NOUN
ajfa-5212	398	39	”	"	PUNCT
ajfa-5212	398	40	,	,	PUNCT
ajfa-5212	398	41	this	this	PRON
ajfa-5212	398	42	will	will	AUX
ajfa-5212	398	43	result	result	VERB
ajfa-5212	398	44	in	in	ADP
ajfa-5212	398	45	their	their	PRON
ajfa-5212	398	46	incurring	incur	VERB
ajfa-5212	398	47	huge	huge	ADJ
ajfa-5212	398	48	losses	loss	NOUN
ajfa-5212	398	49	for	for	ADP
ajfa-5212	398	50	the	the	DET
ajfa-5212	398	51	second	second	ADJ
ajfa-5212	398	52	time	time	NOUN
ajfa-5212	398	53	.	.	PUNCT
ajfa-5212	399	1	when	when	SCONJ
ajfa-5212	399	2	the	the	DET
ajfa-5212	399	3	issuing	issue	VERB
ajfa-5212	399	4	bank	bank	NOUN
ajfa-5212	399	5	and	and	CCONJ
ajfa-5212	399	6	the	the	DET
ajfa-5212	399	7	cardholder	cardholder	NOUN
ajfa-5212	399	8	lack	lack	NOUN
ajfa-5212	399	9	risk	risk	NOUN
ajfa-5212	399	10	awareness	awareness	NOUN
ajfa-5212	399	11	and	and	CCONJ
ajfa-5212	399	12	an	an	DET
ajfa-5212	399	13	appropriate	appropriate	ADJ
ajfa-5212	399	14	management	management	NOUN
ajfa-5212	399	15	mechanism	mechanism	NOUN
ajfa-5212	399	16	,	,	PUNCT
ajfa-5212	399	17	it	it	PRON
ajfa-5212	399	18	will	will	AUX
ajfa-5212	399	19	be	be	AUX
ajfa-5212	399	20	more	more	ADJ
ajfa-5212	399	21	of	of	ADP
ajfa-5212	399	22	a	a	DET
ajfa-5212	399	23	challenge	challenge	NOUN
ajfa-5212	399	24	for	for	SCONJ
ajfa-5212	399	25	them	they	PRON
ajfa-5212	399	26	to	to	PART
ajfa-5212	399	27	deal	deal	VERB
ajfa-5212	399	28	with	with	ADP
ajfa-5212	399	29	both	both	CCONJ
ajfa-5212	399	30	the	the	DET
ajfa-5212	399	31	direct	direct	ADJ
ajfa-5212	399	32	and	and	CCONJ
ajfa-5212	399	33	indirect	indirect	ADJ
ajfa-5212	399	34	impacts	impact	NOUN
ajfa-5212	399	35	of	of	ADP
ajfa-5212	399	36	credit	credit	NOUN
ajfa-5212	399	37	risk	risk	NOUN
ajfa-5212	399	38	.	.	PUNCT
ajfa-5212	400	1	7	7	X
ajfa-5212	400	2	.	.	X
ajfa-5212	400	3	in	in	ADP
ajfa-5212	400	4	this	this	DET
ajfa-5212	400	5	study	study	NOUN
ajfa-5212	400	6	,	,	PUNCT
ajfa-5212	400	7	“	"	PUNCT
ajfa-5212	400	8	client	client	NOUN
ajfa-5212	400	9	credit	credit	NOUN
ajfa-5212	400	10	”	"	PUNCT
ajfa-5212	400	11	includes	include	VERB
ajfa-5212	400	12	the	the	DET
ajfa-5212	400	13	aforementioned	aforementioned	ADJ
ajfa-5212	400	14	credit	credit	NOUN
ajfa-5212	400	15	history	history	NOUN
ajfa-5212	400	16	,	,	PUNCT
ajfa-5212	400	17	the	the	DET
ajfa-5212	400	18	type	type	NOUN
ajfa-5212	400	19	of	of	ADP
ajfa-5212	400	20	organization	organization	NOUN
ajfa-5212	400	21	,	,	PUNCT
ajfa-5212	400	22	the	the	DET
ajfa-5212	400	23	industry	industry	NOUN
ajfa-5212	400	24	category	category	NOUN
ajfa-5212	400	25	and	and	CCONJ
ajfa-5212	400	26	financial	financial	ADJ
ajfa-5212	400	27	attributes	attribute	NOUN
ajfa-5212	400	28	(	(	PUNCT
ajfa-5212	400	29	this	this	DET
ajfa-5212	400	30	dimension	dimension	NOUN
ajfa-5212	400	31	is	be	AUX
ajfa-5212	400	32	used	use	VERB
ajfa-5212	400	33	only	only	ADV
ajfa-5212	400	34	in	in	ADP
ajfa-5212	400	35	the	the	DET
ajfa-5212	400	36	mlbs	mlbs	NOUN
ajfa-5212	400	37	-	-	PUNCT
ajfa-5212	400	38	related	relate	VERB
ajfa-5212	400	39	empirical	empirical	ADJ
ajfa-5212	400	40	model	model	NOUN
ajfa-5212	400	41	)	)	PUNCT
ajfa-5212	400	42	.	.	PUNCT
ajfa-5212	401	1	8	8	X
ajfa-5212	401	2	.	.	X
ajfa-5212	401	3	as	as	SCONJ
ajfa-5212	401	4	mentioned	mention	VERB
ajfa-5212	401	5	earlier	early	ADV
ajfa-5212	401	6	,	,	PUNCT
ajfa-5212	401	7	this	this	DET
ajfa-5212	401	8	study	study	NOUN
ajfa-5212	401	9	focuses	focus	VERB
ajfa-5212	401	10	on	on	ADP
ajfa-5212	401	11	exploring	explore	VERB
ajfa-5212	401	12	whether	whether	SCONJ
ajfa-5212	401	13	banks	bank	NOUN
ajfa-5212	401	14	that	that	PRON
ajfa-5212	401	15	focus	focus	VERB
ajfa-5212	401	16	more	more	ADJ
ajfa-5212	401	17	attention	attention	NOUN
ajfa-5212	401	18	on	on	ADP
ajfa-5212	401	19	their	their	PRON
ajfa-5212	401	20	loan	loan	NOUN
ajfa-5212	401	21	policy	policy	NOUN
ajfa-5212	401	22	will	will	AUX
ajfa-5212	401	23	be	be	AUX
ajfa-5212	401	24	rewarded	reward	VERB
ajfa-5212	401	25	with	with	ADP
ajfa-5212	401	26	a	a	DET
ajfa-5212	401	27	better	well	ADJ
ajfa-5212	401	28	lending	lending	NOUN
ajfa-5212	401	29	performance	performance	NOUN
ajfa-5212	401	30	.	.	PUNCT
ajfa-5212	402	1	the	the	DET
ajfa-5212	402	2	loan	loan	NOUN
ajfa-5212	402	3	policy	policy	NOUN
ajfa-5212	402	4	mentioned	mention	VERB
ajfa-5212	402	5	here	here	ADV
ajfa-5212	402	6	includes	include	VERB
ajfa-5212	402	7	collecting	collect	VERB
ajfa-5212	402	8	relevant	relevant	ADJ
ajfa-5212	402	9	financial	financial	ADJ
ajfa-5212	402	10	information	information	NOUN
ajfa-5212	402	11	(	(	PUNCT
ajfa-5212	402	12	i.e.	i.e.	X
ajfa-5212	402	13	,	,	PUNCT
ajfa-5212	402	14	financial	financial	ADJ
ajfa-5212	402	15	attributes	attribute	NOUN
ajfa-5212	402	16	)	)	PUNCT
ajfa-5212	402	17	and	and	CCONJ
ajfa-5212	402	18	non	non	ADJ
ajfa-5212	402	19	-	-	ADJ
ajfa-5212	402	20	financial	financial	ADJ
ajfa-5212	402	21	information	information	NOUN
ajfa-5212	402	22	(	(	PUNCT
ajfa-5212	402	23	especially	especially	ADV
ajfa-5212	402	24	public	public	ADJ
ajfa-5212	402	25	credit	credit	NOUN
ajfa-5212	402	26	history	history	NOUN
ajfa-5212	402	27	)	)	PUNCT
ajfa-5212	402	28	.	.	PUNCT
ajfa-5212	403	1	9	9	X
ajfa-5212	403	2	.	.	X
ajfa-5212	403	3	according	accord	VERB
ajfa-5212	403	4	to	to	ADP
ajfa-5212	403	5	berger	berger	PROPN
ajfa-5212	403	6	et	et	PROPN
ajfa-5212	403	7	al	al	PROPN
ajfa-5212	403	8	.	.	PROPN
ajfa-5212	403	9	(	(	PUNCT
ajfa-5212	403	10	2008	2008	NUM
ajfa-5212	403	11	)	)	PUNCT
ajfa-5212	403	12	and	and	CCONJ
ajfa-5212	403	13	kuo	kuo	PROPN
ajfa-5212	403	14	and	and	CCONJ
ajfa-5212	403	15	chen	chen	PROPN
ajfa-5212	403	16	(	(	PUNCT
ajfa-5212	403	17	2010	2010	NUM
ajfa-5212	403	18	)	)	PUNCT
ajfa-5212	403	19	,	,	PUNCT
ajfa-5212	403	20	the	the	DET
ajfa-5212	403	21	reason	reason	NOUN
ajfa-5212	403	22	for	for	ADP
ajfa-5212	403	23	the	the	DET
ajfa-5212	403	24	multiple	multiple	ADJ
ajfa-5212	403	25	lender	lender	NOUN
ajfa-5212	403	26	-	-	PUNCT
ajfa-5212	403	27	borrower	borrower	NOUN
ajfa-5212	403	28	relationships	relationship	NOUN
ajfa-5212	403	29	is	be	AUX
ajfa-5212	403	30	contained	contain	VERB
ajfa-5212	403	31	in	in	ADP
ajfa-5212	403	32	five	five	NUM
ajfa-5212	403	33	motives	motive	NOUN
ajfa-5212	403	34	:	:	PUNCT
ajfa-5212	403	35	(	(	PUNCT
ajfa-5212	403	36	1	1	X
ajfa-5212	403	37	)	)	PUNCT
ajfa-5212	403	38	a	a	DET
ajfa-5212	403	39	bank	bank	NOUN
ajfa-5212	403	40	can	can	AUX
ajfa-5212	403	41	not	not	PART
ajfa-5212	403	42	supply	supply	VERB
ajfa-5212	403	43	all	all	DET
ajfa-5212	403	44	funds	fund	NOUN
ajfa-5212	403	45	needed	need	VERB
ajfa-5212	403	46	,	,	PUNCT
ajfa-5212	403	47	but	but	CCONJ
ajfa-5212	403	48	dealing	deal	VERB
ajfa-5212	403	49	with	with	ADP
ajfa-5212	403	50	numbers	number	NOUN
ajfa-5212	403	51	of	of	ADP
ajfa-5212	403	52	banks	bank	NOUN
ajfa-5212	403	53	can	can	AUX
ajfa-5212	403	54	solve	solve	VERB
ajfa-5212	403	55	the	the	DET
ajfa-5212	403	56	problem	problem	NOUN
ajfa-5212	403	57	.	.	PUNCT
ajfa-5212	404	1	(	(	PUNCT
ajfa-5212	404	2	2	2	X
ajfa-5212	404	3	)	)	PUNCT
ajfa-5212	404	4	the	the	DET
ajfa-5212	404	5	borrower	borrower	NOUN
ajfa-5212	404	6	can	can	AUX
ajfa-5212	404	7	solve	solve	VERB
ajfa-5212	404	8	the	the	DET
ajfa-5212	404	9	hold	hold	VERB
ajfa-5212	404	10	-	-	PUNCT
ajfa-5212	404	11	up	up	ADP
ajfa-5212	404	12	problem	problem	NOUN
ajfa-5212	404	13	through	through	ADP
ajfa-5212	404	14	multiple	multiple	ADJ
ajfa-5212	404	15	banking	banking	NOUN
ajfa-5212	404	16	relationships	relationship	NOUN
ajfa-5212	404	17	.	.	PUNCT
ajfa-5212	405	1	(	(	PUNCT
ajfa-5212	405	2	3	3	X
ajfa-5212	405	3	)	)	PUNCT
ajfa-5212	405	4	the	the	DET
ajfa-5212	405	5	borrower	borrower	NOUN
ajfa-5212	405	6	wants	want	VERB
ajfa-5212	405	7	to	to	PART
ajfa-5212	405	8	protect	protect	VERB
ajfa-5212	405	9	itself	itself	PRON
ajfa-5212	405	10	against	against	ADP
ajfa-5212	405	11	a	a	DET
ajfa-5212	405	12	premature	premature	ADJ
ajfa-5212	405	13	withdrawal	withdrawal	NOUN
ajfa-5212	405	14	of	of	ADP
ajfa-5212	405	15	credit	credit	NOUN
ajfa-5212	405	16	or	or	CCONJ
ajfa-5212	405	17	other	other	ADJ
ajfa-5212	405	18	services	service	NOUN
ajfa-5212	405	19	due	due	ADP
ajfa-5212	405	20	to	to	ADP
ajfa-5212	405	21	the	the	DET
ajfa-5212	405	22	distress	distress	NOUN
ajfa-5212	405	23	of	of	ADP
ajfa-5212	405	24	their	their	PRON
ajfa-5212	405	25	banking	banking	NOUN
ajfa-5212	405	26	relationship	relationship	NOUN
ajfa-5212	405	27	so	so	SCONJ
ajfa-5212	405	28	that	that	SCONJ
ajfa-5212	405	29	they	they	PRON
ajfa-5212	405	30	can	can	AUX
ajfa-5212	405	31	maintain	maintain	VERB
ajfa-5212	405	32	their	their	PRON
ajfa-5212	405	33	own	own	ADJ
ajfa-5212	405	34	creditworthiness	creditworthiness	NOUN
ajfa-5212	405	35	.	.	PUNCT
ajfa-5212	406	1	(	(	PUNCT
ajfa-5212	406	2	4	4	NUM
ajfa-5212	406	3	)	)	PUNCT
ajfa-5212	406	4	to	to	PART
ajfa-5212	406	5	avoid	avoid	VERB
ajfa-5212	406	6	the	the	DET
ajfa-5212	406	7	loss	loss	NOUN
ajfa-5212	406	8	of	of	ADP
ajfa-5212	406	9	relationship	relationship	NOUN
ajfa-5212	406	10	banking	banking	NOUN
ajfa-5212	406	11	due	due	ADP
ajfa-5212	406	12	to	to	ADP
ajfa-5212	406	13	the	the	DET
ajfa-5212	406	14	tightness	tightness	NOUN
ajfa-5212	406	15	of	of	ADP
ajfa-5212	406	16	credit	credit	NOUN
ajfa-5212	406	17	policy	policy	NOUN
ajfa-5212	406	18	.	.	PUNCT
ajfa-5212	407	1	(	(	PUNCT
ajfa-5212	407	2	5	5	NUM
ajfa-5212	407	3	)	)	PUNCT
ajfa-5212	407	4	to	to	PART
ajfa-5212	407	5	focus	focus	VERB
ajfa-5212	407	6	on	on	ADP
ajfa-5212	407	7	the	the	DET
ajfa-5212	407	8	costs	cost	NOUN
ajfa-5212	407	9	and	and	CCONJ
ajfa-5212	407	10	benefits	benefit	NOUN
ajfa-5212	407	11	of	of	ADP
ajfa-5212	407	12	the	the	DET
ajfa-5212	407	13	bank	bank	NOUN
ajfa-5212	407	14	in	in	ADP
ajfa-5212	407	15	relation	relation	NOUN
ajfa-5212	407	16	to	to	ADP
ajfa-5212	407	17	supervision	supervision	NOUN
ajfa-5212	407	18	.	.	PUNCT
ajfa-5212	408	1	10	10	NUM
ajfa-5212	408	2	.	.	PUNCT
ajfa-5212	409	1	these	these	DET
ajfa-5212	409	2	factors	factor	NOUN
ajfa-5212	409	3	may	may	AUX
ajfa-5212	409	4	affect	affect	VERB
ajfa-5212	409	5	the	the	DET
ajfa-5212	409	6	bank	bank	NOUN
ajfa-5212	409	7	’s	’s	PART
ajfa-5212	409	8	loanable	loanable	ADJ
ajfa-5212	409	9	funds	fund	NOUN
ajfa-5212	409	10	and	and	CCONJ
ajfa-5212	409	11	some	some	DET
ajfa-5212	409	12	factors	factor	NOUN
ajfa-5212	409	13	may	may	AUX
ajfa-5212	409	14	be	be	AUX
ajfa-5212	409	15	subject	subject	ADJ
ajfa-5212	409	16	to	to	ADP
ajfa-5212	409	17	restrictions	restriction	NOUN
ajfa-5212	409	18	in	in	ADP
ajfa-5212	409	19	the	the	DET
ajfa-5212	409	20	laws	law	NOUN
ajfa-5212	409	21	and	and	CCONJ
ajfa-5212	409	22	regulations	regulation	NOUN
ajfa-5212	409	23	and	and	CCONJ
ajfa-5212	409	24	not	not	PART
ajfa-5212	409	25	just	just	ADV
ajfa-5212	409	26	result	result	VERB
ajfa-5212	409	27	from	from	ADP
ajfa-5212	409	28	information	information	NOUN
ajfa-5212	409	29	transparency	transparency	NOUN
ajfa-5212	409	30	.	.	PUNCT
ajfa-5212	410	1	for	for	ADP
ajfa-5212	410	2	example	example	NOUN
ajfa-5212	410	3	,	,	PUNCT
ajfa-5212	410	4	the	the	DET
ajfa-5212	410	5	amount	amount	NOUN
ajfa-5212	410	6	that	that	PRON
ajfa-5212	410	7	banks	bank	NOUN
ajfa-5212	410	8	lend	lend	VERB
ajfa-5212	410	9	to	to	ADP
ajfa-5212	410	10	individual	individual	ADJ
ajfa-5212	410	11	enterprises	enterprise	NOUN
ajfa-5212	410	12	must	must	AUX
ajfa-5212	410	13	not	not	PART
ajfa-5212	410	14	exceed	exceed	VERB
ajfa-5212	410	15	5	5	NUM
ajfa-5212	410	16	%	%	NOUN
ajfa-5212	410	17	of	of	ADP
ajfa-5212	410	18	its	its	PRON
ajfa-5212	410	19	net	net	ADJ
ajfa-5212	410	20	worth	worth	NOUN
ajfa-5212	410	21	even	even	ADV
ajfa-5212	410	22	if	if	SCONJ
ajfa-5212	410	23	the	the	DET
ajfa-5212	410	24	enterprise	enterprise	NOUN
ajfa-5212	410	25	has	have	VERB
ajfa-5212	410	26	good	good	ADJ
ajfa-5212	410	27	credit	credit	NOUN
ajfa-5212	410	28	quality	quality	NOUN
ajfa-5212	410	29	and	and	CCONJ
ajfa-5212	410	30	information	information	NOUN
ajfa-5212	410	31	transparency	transparency	NOUN
ajfa-5212	410	32	,	,	PUNCT
ajfa-5212	410	33	unless	unless	SCONJ
ajfa-5212	410	34	it	it	PRON
ajfa-5212	410	35	is	be	AUX
ajfa-5212	410	36	for	for	ADP
ajfa-5212	410	37	syndicated	syndicated	ADJ
ajfa-5212	410	38	loans	loan	NOUN
ajfa-5212	410	39	.	.	PUNCT
ajfa-5212	411	1	11	11	NUM
ajfa-5212	411	2	.	.	X
ajfa-5212	411	3	for	for	ADP
ajfa-5212	411	4	example	example	NOUN
ajfa-5212	411	5	,	,	PUNCT
ajfa-5212	411	6	after	after	SCONJ
ajfa-5212	411	7	the	the	DET
ajfa-5212	411	8	policy	policy	NOUN
ajfa-5212	411	9	for	for	ADP
ajfa-5212	411	10	approving	approve	VERB
ajfa-5212	411	11	the	the	DET
ajfa-5212	411	12	establishment	establishment	NOUN
ajfa-5212	411	13	of	of	ADP
ajfa-5212	411	14	new	new	ADJ
ajfa-5212	411	15	private	private	ADJ
ajfa-5212	411	16	banks	bank	NOUN
ajfa-5212	411	17	was	be	AUX
ajfa-5212	411	18	approved	approve	VERB
ajfa-5212	411	19	,	,	PUNCT
ajfa-5212	411	20	there	there	PRON
ajfa-5212	411	21	resulted	result	VERB
ajfa-5212	411	22	the	the	DET
ajfa-5212	411	23	phenomenon	phenomenon	NOUN
ajfa-5212	411	24	of	of	ADP
ajfa-5212	411	25	over	over	ADP
ajfa-5212	411	26	-	-	PUNCT
ajfa-5212	411	27	banking	banking	NOUN
ajfa-5212	411	28	.	.	PUNCT
ajfa-5212	412	1	this	this	PRON
ajfa-5212	412	2	caused	cause	VERB
ajfa-5212	412	3	banks	bank	NOUN
ajfa-5212	412	4	to	to	PART
ajfa-5212	412	5	relax	relax	VERB
ajfa-5212	412	6	credit	credit	NOUN
ajfa-5212	412	7	conditions	condition	NOUN
ajfa-5212	412	8	to	to	PART
ajfa-5212	412	9	attract	attract	VERB
ajfa-5212	412	10	customers	customer	NOUN
ajfa-5212	412	11	.	.	PUNCT
ajfa-5212	413	1	after	after	ADP
ajfa-5212	413	2	2008	2008	NUM
ajfa-5212	413	3	,	,	PUNCT
ajfa-5212	413	4	the	the	DET
ajfa-5212	413	5	financial	financial	ADJ
ajfa-5212	413	6	tsunami	tsunami	NOUN
ajfa-5212	413	7	and	and	CCONJ
ajfa-5212	413	8	the	the	DET
ajfa-5212	413	9	european	european	ADJ
ajfa-5212	413	10	debt	debt	NOUN
ajfa-5212	413	11	crisis	crisis	NOUN
ajfa-5212	413	12	resulted	result	VERB
ajfa-5212	413	13	in	in	ADP
ajfa-5212	413	14	banks	bank	NOUN
ajfa-5212	413	15	adopting	adopt	VERB
ajfa-5212	413	16	a	a	DET
ajfa-5212	413	17	more	more	ADV
ajfa-5212	413	18	conservative	conservative	ADJ
ajfa-5212	413	19	attitude	attitude	NOUN
ajfa-5212	413	20	in	in	ADP
ajfa-5212	413	21	dealing	deal	VERB
ajfa-5212	413	22	with	with	ADP
ajfa-5212	413	23	loan	loan	NOUN
ajfa-5212	413	24	applications	application	NOUN
ajfa-5212	413	25	.	.	PUNCT
ajfa-5212	414	1	12	12	NUM
ajfa-5212	414	2	.	.	PUNCT
ajfa-5212	415	1	because	because	SCONJ
ajfa-5212	415	2	selecting	select	VERB
ajfa-5212	415	3	the	the	DET
ajfa-5212	415	4	best	good	ADJ
ajfa-5212	415	5	client	client	NOUN
ajfa-5212	415	6	can	can	AUX
ajfa-5212	415	7	only	only	ADV
ajfa-5212	415	8	earn	earn	VERB
ajfa-5212	415	9	the	the	DET
ajfa-5212	415	10	bank	bank	NOUN
ajfa-5212	415	11	normal	normal	ADJ
ajfa-5212	415	12	returns	return	NOUN
ajfa-5212	415	13	and	and	CCONJ
ajfa-5212	415	14	it	it	PRON
ajfa-5212	415	15	is	be	AUX
ajfa-5212	415	16	unable	unable	ADJ
ajfa-5212	415	17	to	to	PART
ajfa-5212	415	18	generate	generate	VERB
ajfa-5212	415	19	excess	excess	ADJ
ajfa-5212	415	20	returns	return	NOUN
ajfa-5212	415	21	.	.	PUNCT
ajfa-5212	416	1	asian	asian	ADJ
ajfa-5212	416	2	journal	journal	PROPN
ajfa-5212	416	3	of	of	ADP
ajfa-5212	416	4	finance	finance	PROPN
ajfa-5212	416	5	&	&	CCONJ
ajfa-5212	416	6	accounting	accounting	PROPN
ajfa-5212	416	7	issn	issn	PROPN
ajfa-5212	416	8	1946	1946	NUM
ajfa-5212	416	9	-	-	PUNCT
ajfa-5212	416	10	052x	052x	PROPN
ajfa-5212	416	11	2014	2014	NUM
ajfa-5212	416	12	,	,	PUNCT
ajfa-5212	416	13	vol	vol	NOUN
ajfa-5212	416	14	.	.	PROPN
ajfa-5212	417	1	6	6	NUM
ajfa-5212	417	2	,	,	PUNCT
ajfa-5212	417	3	no	no	INTJ
ajfa-5212	417	4	.	.	NOUN
ajfa-5212	417	5	1	1	NUM
ajfa-5212	417	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	417	7	195	195	NUM
ajfa-5212	417	8	13	13	NUM
ajfa-5212	417	9	.	.	PUNCT
ajfa-5212	418	1	hypothesis	hypothesis	NOUN
ajfa-5212	418	2	2	2	NUM
ajfa-5212	418	3	aims	aim	VERB
ajfa-5212	418	4	at	at	ADP
ajfa-5212	418	5	exploring	explore	VERB
ajfa-5212	418	6	how	how	SCONJ
ajfa-5212	418	7	borrowers	borrower	NOUN
ajfa-5212	418	8	with	with	ADP
ajfa-5212	418	9	different	different	ADJ
ajfa-5212	418	10	credit	credit	NOUN
ajfa-5212	418	11	records	record	NOUN
ajfa-5212	418	12	build	build	VERB
ajfa-5212	418	13	banking	banking	NOUN
ajfa-5212	418	14	relationships	relationship	NOUN
ajfa-5212	418	15	with	with	ADP
ajfa-5212	418	16	banks	bank	NOUN
ajfa-5212	418	17	possessing	possess	VERB
ajfa-5212	418	18	different	different	ADJ
ajfa-5212	418	19	levels	level	NOUN
ajfa-5212	418	20	of	of	ADP
ajfa-5212	418	21	credit	credit	NOUN
ajfa-5212	418	22	risk	risk	NOUN
ajfa-5212	418	23	.	.	PUNCT
ajfa-5212	419	1	the	the	DET
ajfa-5212	419	2	prior	prior	ADJ
ajfa-5212	419	3	research	research	NOUN
ajfa-5212	419	4	literature	literature	NOUN
ajfa-5212	419	5	discussed	discuss	VERB
ajfa-5212	419	6	“	"	PUNCT
ajfa-5212	419	7	the	the	DET
ajfa-5212	419	8	relationship	relationship	NOUN
ajfa-5212	419	9	between	between	ADP
ajfa-5212	419	10	the	the	DET
ajfa-5212	419	11	borrower	borrower	NOUN
ajfa-5212	419	12	’s	’s	PART
ajfa-5212	419	13	financial	financial	ADJ
ajfa-5212	419	14	performance	performance	NOUN
ajfa-5212	419	15	and	and	CCONJ
ajfa-5212	419	16	banking	banking	NOUN
ajfa-5212	419	17	relationships	relationship	NOUN
ajfa-5212	419	18	.	.	PUNCT
ajfa-5212	419	19	”	"	PUNCT
ajfa-5212	420	1	it	it	PRON
ajfa-5212	420	2	also	also	ADV
ajfa-5212	420	3	explored	explore	VERB
ajfa-5212	420	4	“	"	PUNCT
ajfa-5212	420	5	the	the	DET
ajfa-5212	420	6	relationship	relationship	NOUN
ajfa-5212	420	7	between	between	ADP
ajfa-5212	420	8	the	the	DET
ajfa-5212	420	9	borrower	borrower	NOUN
ajfa-5212	420	10	’s	’s	PART
ajfa-5212	420	11	credit	credit	NOUN
ajfa-5212	420	12	quality	quality	NOUN
ajfa-5212	420	13	and	and	CCONJ
ajfa-5212	420	14	the	the	DET
ajfa-5212	420	15	operating	operating	NOUN
ajfa-5212	420	16	performance	performance	NOUN
ajfa-5212	420	17	of	of	ADP
ajfa-5212	420	18	banks	bank	NOUN
ajfa-5212	420	19	(	(	PUNCT
ajfa-5212	420	20	especially	especially	ADV
ajfa-5212	420	21	foreign	foreign	ADJ
ajfa-5212	420	22	and	and	CCONJ
ajfa-5212	420	23	domestic	domestic	ADJ
ajfa-5212	420	24	banks	bank	NOUN
ajfa-5212	420	25	or	or	CCONJ
ajfa-5212	420	26	state	state	NOUN
ajfa-5212	420	27	-	-	PUNCT
ajfa-5212	420	28	owned	own	VERB
ajfa-5212	420	29	or	or	CCONJ
ajfa-5212	420	30	private	private	ADJ
ajfa-5212	420	31	banks	bank	NOUN
ajfa-5212	420	32	)	)	PUNCT
ajfa-5212	420	33	.	.	PUNCT
ajfa-5212	420	34	”	"	PUNCT
ajfa-5212	421	1	there	there	PRON
ajfa-5212	421	2	is	be	VERB
ajfa-5212	421	3	no	no	DET
ajfa-5212	421	4	mention	mention	NOUN
ajfa-5212	421	5	of	of	ADP
ajfa-5212	421	6	the	the	DET
ajfa-5212	421	7	issue	issue	NOUN
ajfa-5212	421	8	of	of	ADP
ajfa-5212	421	9	how	how	SCONJ
ajfa-5212	421	10	borrowers	borrower	NOUN
ajfa-5212	421	11	with	with	ADP
ajfa-5212	421	12	different	different	ADJ
ajfa-5212	421	13	credit	credit	NOUN
ajfa-5212	421	14	records	record	NOUN
ajfa-5212	421	15	build	build	VERB
ajfa-5212	421	16	banking	banking	NOUN
ajfa-5212	421	17	relationships	relationship	NOUN
ajfa-5212	421	18	with	with	ADP
ajfa-5212	421	19	banks	bank	NOUN
ajfa-5212	421	20	possessing	possess	VERB
ajfa-5212	421	21	different	different	ADJ
ajfa-5212	421	22	degrees	degree	NOUN
ajfa-5212	421	23	of	of	ADP
ajfa-5212	421	24	credit	credit	NOUN
ajfa-5212	421	25	risk	risk	NOUN
ajfa-5212	421	26	.	.	PUNCT
ajfa-5212	422	1	therefore	therefore	ADV
ajfa-5212	422	2	,	,	PUNCT
ajfa-5212	422	3	we	we	PRON
ajfa-5212	422	4	provide	provide	VERB
ajfa-5212	422	5	the	the	DET
ajfa-5212	422	6	inference	inference	NOUN
ajfa-5212	422	7	based	base	VERB
ajfa-5212	422	8	on	on	ADP
ajfa-5212	422	9	the	the	DET
ajfa-5212	422	10	principles	principle	NOUN
ajfa-5212	422	11	of	of	ADP
ajfa-5212	422	12	lending	lending	NOUN
ajfa-5212	422	13	management	management	NOUN
ajfa-5212	422	14	and	and	CCONJ
ajfa-5212	422	15	portfolio	portfolio	NOUN
ajfa-5212	422	16	theory	theory	NOUN
ajfa-5212	422	17	.	.	PUNCT
ajfa-5212	423	1	14	14	NUM
ajfa-5212	423	2	.	.	PUNCT
ajfa-5212	424	1	taiwan	taiwan	PROPN
ajfa-5212	424	2	approved	approve	VERB
ajfa-5212	424	3	the	the	DET
ajfa-5212	424	4	registration	registration	NOUN
ajfa-5212	424	5	of	of	ADP
ajfa-5212	424	6	more	more	ADJ
ajfa-5212	424	7	than	than	ADP
ajfa-5212	424	8	1.5	1.5	NUM
ajfa-5212	424	9	million	million	NUM
ajfa-5212	424	10	enterprises	enterprise	NOUN
ajfa-5212	424	11	,	,	PUNCT
ajfa-5212	424	12	but	but	CCONJ
ajfa-5212	424	13	only	only	ADV
ajfa-5212	424	14	about	about	ADV
ajfa-5212	424	15	140,000	140,000	NUM
ajfa-5212	424	16	enterprises	enterprise	NOUN
ajfa-5212	424	17	borrowed	borrow	VERB
ajfa-5212	424	18	from	from	ADP
ajfa-5212	424	19	banks	bank	NOUN
ajfa-5212	424	20	.	.	PUNCT
ajfa-5212	425	1	because	because	SCONJ
ajfa-5212	425	2	of	of	ADP
ajfa-5212	425	3	this	this	PRON
ajfa-5212	425	4	,	,	PUNCT
ajfa-5212	425	5	the	the	DET
ajfa-5212	425	6	population	population	NOUN
ajfa-5212	425	7	here	here	ADV
ajfa-5212	425	8	is	be	AUX
ajfa-5212	425	9	composed	compose	VERB
ajfa-5212	425	10	of	of	ADP
ajfa-5212	425	11	the	the	DET
ajfa-5212	425	12	data	datum	NOUN
ajfa-5212	425	13	contained	contain	VERB
ajfa-5212	425	14	in	in	ADP
ajfa-5212	425	15	the	the	DET
ajfa-5212	425	16	credit	credit	NOUN
ajfa-5212	425	17	database	database	NOUN
ajfa-5212	425	18	of	of	ADP
ajfa-5212	425	19	the	the	DET
ajfa-5212	425	20	joint	joint	ADJ
ajfa-5212	425	21	credit	credit	NOUN
ajfa-5212	425	22	center	center	NOUN
ajfa-5212	425	23	in	in	ADP
ajfa-5212	425	24	2007	2007	NUM
ajfa-5212	425	25	,	,	PUNCT
ajfa-5212	425	26	which	which	PRON
ajfa-5212	425	27	did	do	AUX
ajfa-5212	425	28	not	not	PART
ajfa-5212	425	29	indicate	indicate	VERB
ajfa-5212	425	30	the	the	DET
ajfa-5212	425	31	total	total	ADJ
ajfa-5212	425	32	numbers	number	NOUN
ajfa-5212	425	33	of	of	ADP
ajfa-5212	425	34	enterprises	enterprise	NOUN
ajfa-5212	425	35	registered	register	VERB
ajfa-5212	425	36	throughout	throughout	ADP
ajfa-5212	425	37	the	the	DET
ajfa-5212	425	38	country	country	NOUN
ajfa-5212	425	39	.	.	PUNCT
ajfa-5212	426	1	moreover	moreover	ADV
ajfa-5212	426	2	,	,	PUNCT
ajfa-5212	426	3	the	the	DET
ajfa-5212	426	4	results	result	NOUN
ajfa-5212	426	5	from	from	ADP
ajfa-5212	426	6	2006	2006	NUM
ajfa-5212	426	7	-	-	SYM
ajfa-5212	426	8	2008	2008	NUM
ajfa-5212	426	9	are	be	AUX
ajfa-5212	426	10	quite	quite	ADV
ajfa-5212	426	11	similar	similar	ADJ
ajfa-5212	426	12	,	,	PUNCT
ajfa-5212	426	13	so	so	SCONJ
ajfa-5212	426	14	that	that	SCONJ
ajfa-5212	426	15	we	we	PRON
ajfa-5212	426	16	only	only	ADV
ajfa-5212	426	17	discuss	discuss	VERB
ajfa-5212	426	18	the	the	DET
ajfa-5212	426	19	results	result	NOUN
ajfa-5212	426	20	for	for	ADP
ajfa-5212	426	21	2007	2007	NUM
ajfa-5212	426	22	.	.	PUNCT
ajfa-5212	427	1	15	15	NUM
ajfa-5212	427	2	.	.	X
ajfa-5212	428	1	in	in	ADP
ajfa-5212	428	2	lending	lending	NOUN
ajfa-5212	428	3	practice	practice	NOUN
ajfa-5212	428	4	,	,	PUNCT
ajfa-5212	428	5	banks	bank	NOUN
ajfa-5212	428	6	generally	generally	ADV
ajfa-5212	428	7	require	require	VERB
ajfa-5212	428	8	enterprises	enterprise	NOUN
ajfa-5212	428	9	that	that	PRON
ajfa-5212	428	10	apply	apply	VERB
ajfa-5212	428	11	for	for	ADP
ajfa-5212	428	12	loans	loan	NOUN
ajfa-5212	428	13	to	to	PART
ajfa-5212	428	14	provide	provide	VERB
ajfa-5212	428	15	financial	financial	ADJ
ajfa-5212	428	16	statements	statement	NOUN
ajfa-5212	428	17	for	for	ADP
ajfa-5212	428	18	the	the	DET
ajfa-5212	428	19	past	past	ADJ
ajfa-5212	428	20	three	three	NUM
ajfa-5212	428	21	years	year	NOUN
ajfa-5212	428	22	.	.	PUNCT
ajfa-5212	429	1	therefore	therefore	ADV
ajfa-5212	429	2	,	,	PUNCT
ajfa-5212	429	3	if	if	SCONJ
ajfa-5212	429	4	the	the	DET
ajfa-5212	429	5	empirical	empirical	ADJ
ajfa-5212	429	6	period	period	NOUN
ajfa-5212	429	7	periods	period	NOUN
ajfa-5212	429	8	described	describe	VERB
ajfa-5212	429	9	by	by	ADP
ajfa-5212	429	10	creditor	creditor	NOUN
ajfa-5212	429	11	banks	bank	NOUN
ajfa-5212	429	12	extend	extend	VERB
ajfa-5212	429	13	from	from	ADP
ajfa-5212	429	14	2006	2006	NUM
ajfa-5212	429	15	to	to	ADP
ajfa-5212	429	16	2008	2008	NUM
ajfa-5212	429	17	,	,	PUNCT
ajfa-5212	429	18	then	then	ADV
ajfa-5212	429	19	the	the	DET
ajfa-5212	429	20	corresponding	corresponding	ADJ
ajfa-5212	429	21	empirical	empirical	ADJ
ajfa-5212	429	22	periods	period	NOUN
ajfa-5212	429	23	for	for	ADP
ajfa-5212	429	24	the	the	DET
ajfa-5212	429	25	borrowers	borrower	NOUN
ajfa-5212	429	26	extend	extend	VERB
ajfa-5212	429	27	from	from	ADP
ajfa-5212	429	28	2003	2003	NUM
ajfa-5212	429	29	to	to	ADP
ajfa-5212	429	30	2008	2008	NUM
ajfa-5212	429	31	.	.	PUNCT
ajfa-5212	430	1	16	16	NUM
ajfa-5212	430	2	.	.	PUNCT
ajfa-5212	431	1	in	in	ADP
ajfa-5212	431	2	this	this	DET
ajfa-5212	431	3	study	study	NOUN
ajfa-5212	431	4	,	,	PUNCT
ajfa-5212	431	5	the	the	DET
ajfa-5212	431	6	sample	sample	NOUN
ajfa-5212	431	7	did	do	AUX
ajfa-5212	431	8	not	not	PART
ajfa-5212	431	9	exclude	exclude	VERB
ajfa-5212	431	10	“	"	PUNCT
ajfa-5212	431	11	policy	policy	NOUN
ajfa-5212	431	12	loans	loan	NOUN
ajfa-5212	431	13	”	"	PUNCT
ajfa-5212	431	14	.	.	PUNCT
ajfa-5212	432	1	we	we	PRON
ajfa-5212	432	2	found	find	VERB
ajfa-5212	432	3	that	that	SCONJ
ajfa-5212	432	4	the	the	DET
ajfa-5212	432	5	state	state	NOUN
ajfa-5212	432	6	-	-	PUNCT
ajfa-5212	432	7	owned	own	VERB
ajfa-5212	432	8	banks	bank	NOUN
ajfa-5212	432	9	are	be	AUX
ajfa-5212	432	10	the	the	DET
ajfa-5212	432	11	most	most	ADV
ajfa-5212	432	12	willing	willing	ADJ
ajfa-5212	432	13	to	to	PART
ajfa-5212	432	14	promote	promote	VERB
ajfa-5212	432	15	loans	loan	NOUN
ajfa-5212	432	16	with	with	ADP
ajfa-5212	432	17	the	the	DET
ajfa-5212	432	18	government	government	NOUN
ajfa-5212	432	19	.	.	PUNCT
ajfa-5212	433	1	since	since	SCONJ
ajfa-5212	433	2	the	the	DET
ajfa-5212	433	3	sample	sample	NOUN
ajfa-5212	433	4	characterized	characterize	VERB
ajfa-5212	433	5	by	by	ADP
ajfa-5212	433	6	this	this	DET
ajfa-5212	433	7	attribute	attribute	NOUN
ajfa-5212	433	8	still	still	ADV
ajfa-5212	433	9	accounts	account	VERB
ajfa-5212	433	10	for	for	ADP
ajfa-5212	433	11	less	less	ADJ
ajfa-5212	433	12	than	than	ADP
ajfa-5212	433	13	1	1	NUM
ajfa-5212	433	14	%	%	NOUN
ajfa-5212	433	15	of	of	ADP
ajfa-5212	433	16	the	the	DET
ajfa-5212	433	17	overall	overall	ADJ
ajfa-5212	433	18	sample	sample	NOUN
ajfa-5212	433	19	,	,	PUNCT
ajfa-5212	433	20	it	it	PRON
ajfa-5212	433	21	does	do	AUX
ajfa-5212	433	22	not	not	PART
ajfa-5212	433	23	affect	affect	VERB
ajfa-5212	433	24	the	the	DET
ajfa-5212	433	25	reliability	reliability	NOUN
ajfa-5212	433	26	and	and	CCONJ
ajfa-5212	433	27	validity	validity	NOUN
ajfa-5212	433	28	of	of	ADP
ajfa-5212	433	29	the	the	DET
ajfa-5212	433	30	empirical	empirical	ADJ
ajfa-5212	433	31	results	result	NOUN
ajfa-5212	433	32	.	.	PUNCT
ajfa-5212	434	1	17	17	NUM
ajfa-5212	434	2	.	.	PUNCT
ajfa-5212	435	1	this	this	DET
ajfa-5212	435	2	classification	classification	NOUN
ajfa-5212	435	3	method	method	NOUN
ajfa-5212	435	4	is	be	AUX
ajfa-5212	435	5	based	base	VERB
ajfa-5212	435	6	on	on	ADP
ajfa-5212	435	7	the	the	DET
ajfa-5212	435	8	first	first	ADJ
ajfa-5212	435	9	edition	edition	NOUN
ajfa-5212	435	10	of	of	ADP
ajfa-5212	435	11	the	the	DET
ajfa-5212	435	12	joint	joint	ADJ
ajfa-5212	435	13	credit	credit	NOUN
ajfa-5212	435	14	information	information	NOUN
ajfa-5212	435	15	center	center	NOUN
ajfa-5212	435	16	’s	’s	PART
ajfa-5212	435	17	credit	credit	NOUN
ajfa-5212	435	18	scoring	scoring	NOUN
ajfa-5212	435	19	models	model	NOUN
ajfa-5212	435	20	.	.	PUNCT
ajfa-5212	436	1	the	the	DET
ajfa-5212	436	2	corporation	corporation	NOUN
ajfa-5212	436	3	act	act	NOUN
ajfa-5212	436	4	was	be	AUX
ajfa-5212	436	5	revised	revise	VERB
ajfa-5212	436	6	in	in	ADP
ajfa-5212	436	7	2001	2001	NUM
ajfa-5212	436	8	.	.	PUNCT
ajfa-5212	437	1	at	at	ADP
ajfa-5212	437	2	that	that	DET
ajfa-5212	437	3	time	time	NOUN
ajfa-5212	437	4	,	,	PUNCT
ajfa-5212	437	5	the	the	DET
ajfa-5212	437	6	competent	competent	ADJ
ajfa-5212	437	7	authority	authority	NOUN
ajfa-5212	437	8	,	,	PUNCT
ajfa-5212	437	9	based	base	VERB
ajfa-5212	437	10	on	on	ADP
ajfa-5212	437	11	the	the	DET
ajfa-5212	437	12	principles	principle	NOUN
ajfa-5212	437	13	of	of	ADP
ajfa-5212	437	14	corporate	corporate	ADJ
ajfa-5212	437	15	autonomy	autonomy	NOUN
ajfa-5212	437	16	,	,	PUNCT
ajfa-5212	437	17	deleted	delete	VERB
ajfa-5212	437	18	the	the	DET
ajfa-5212	437	19	regulation	regulation	NOUN
ajfa-5212	437	20	that	that	PRON
ajfa-5212	437	21	capital	capital	NOUN
ajfa-5212	437	22	exceed	exceed	VERB
ajfa-5212	437	23	nt$500	nt$500	NOUN
ajfa-5212	437	24	million	million	NUM
ajfa-5212	437	25	.	.	PUNCT
ajfa-5212	438	1	in	in	ADP
ajfa-5212	438	2	this	this	DET
ajfa-5212	438	3	study	study	NOUN
ajfa-5212	438	4	,	,	PUNCT
ajfa-5212	438	5	we	we	PRON
ajfa-5212	438	6	still	still	ADV
ajfa-5212	438	7	include	include	VERB
ajfa-5212	438	8	this	this	DET
ajfa-5212	438	9	category	category	NOUN
ajfa-5212	438	10	of	of	ADP
ajfa-5212	438	11	information	information	NOUN
ajfa-5212	438	12	content	content	NOUN
ajfa-5212	438	13	.	.	PUNCT
ajfa-5212	439	1	18	18	NUM
ajfa-5212	439	2	.	.	PUNCT
ajfa-5212	440	1	according	accord	VERB
ajfa-5212	440	2	to	to	ADP
ajfa-5212	440	3	the	the	DET
ajfa-5212	440	4	classification	classification	NOUN
ajfa-5212	440	5	criteria	criterion	NOUN
ajfa-5212	440	6	of	of	ADP
ajfa-5212	440	7	mlbs	mlb	NOUN
ajfa-5212	440	8	,	,	PUNCT
ajfa-5212	440	9	either	either	CCONJ
ajfa-5212	440	10	a	a	DET
ajfa-5212	440	11	capital	capital	NOUN
ajfa-5212	440	12	or	or	CCONJ
ajfa-5212	440	13	a	a	DET
ajfa-5212	440	14	borrowing	borrowing	NOUN
ajfa-5212	440	15	amount	amount	NOUN
ajfa-5212	440	16	of	of	ADP
ajfa-5212	440	17	more	more	ADJ
ajfa-5212	440	18	than	than	ADP
ajfa-5212	440	19	nt$30	nt$30	ADV
ajfa-5212	440	20	million	million	NUM
ajfa-5212	440	21	will	will	AUX
ajfa-5212	440	22	qualify	qualify	VERB
ajfa-5212	440	23	.	.	PUNCT
ajfa-5212	441	1	in	in	ADP
ajfa-5212	441	2	our	our	PRON
ajfa-5212	441	3	populations	population	NOUN
ajfa-5212	441	4	,	,	PUNCT
ajfa-5212	441	5	there	there	PRON
ajfa-5212	441	6	are	be	VERB
ajfa-5212	441	7	13,266	13,266	NUM
ajfa-5212	441	8	observations	observation	NOUN
ajfa-5212	441	9	that	that	PRON
ajfa-5212	441	10	belong	belong	VERB
ajfa-5212	441	11	to	to	ADP
ajfa-5212	441	12	mlbs	mlb	NOUN
ajfa-5212	441	13	.	.	PUNCT
ajfa-5212	442	1	these	these	PRON
ajfa-5212	442	2	are	be	AUX
ajfa-5212	442	3	categorized	categorize	VERB
ajfa-5212	442	4	as	as	ADP
ajfa-5212	442	5	“	"	PUNCT
ajfa-5212	442	6	non	non	ADJ
ajfa-5212	442	7	-	-	ADJ
ajfa-5212	442	8	publicly	publicly	ADV
ajfa-5212	442	9	held	hold	VERB
ajfa-5212	442	10	&	&	CCONJ
ajfa-5212	442	11	no	no	DET
ajfa-5212	442	12	financial	financial	ADJ
ajfa-5212	442	13	statements	statement	NOUN
ajfa-5212	442	14	,	,	PUNCT
ajfa-5212	442	15	”	"	PUNCT
ajfa-5212	442	16	and	and	CCONJ
ajfa-5212	442	17	therefore	therefore	ADV
ajfa-5212	442	18	we	we	PRON
ajfa-5212	442	19	exclude	exclude	VERB
ajfa-5212	442	20	them	they	PRON
ajfa-5212	442	21	form	form	VERB
ajfa-5212	442	22	our	our	PRON
ajfa-5212	442	23	empirical	empirical	ADJ
ajfa-5212	442	24	test	test	NOUN
ajfa-5212	442	25	,	,	PUNCT
ajfa-5212	442	26	because	because	SCONJ
ajfa-5212	442	27	of	of	ADP
ajfa-5212	442	28	“	"	PUNCT
ajfa-5212	442	29	no	no	DET
ajfa-5212	442	30	financial	financial	ADJ
ajfa-5212	442	31	statements	statement	NOUN
ajfa-5212	442	32	,	,	PUNCT
ajfa-5212	442	33	no	no	DET
ajfa-5212	442	34	financial	financial	ADJ
ajfa-5212	442	35	variables	variable	NOUN
ajfa-5212	442	36	.	.	PUNCT
ajfa-5212	442	37	”	"	PUNCT
ajfa-5212	443	1	19	19	NUM
ajfa-5212	443	2	.	.	PUNCT
ajfa-5212	444	1	it	it	PRON
ajfa-5212	444	2	is	be	AUX
ajfa-5212	444	3	mentioned	mention	VERB
ajfa-5212	444	4	here	here	ADV
ajfa-5212	444	5	that	that	SCONJ
ajfa-5212	444	6	the	the	DET
ajfa-5212	444	7	industry	industry	NOUN
ajfa-5212	444	8	classification	classification	NOUN
ajfa-5212	444	9	of	of	ADP
ajfa-5212	444	10	borrowers	borrower	NOUN
ajfa-5212	444	11	can	can	AUX
ajfa-5212	444	12	also	also	ADV
ajfa-5212	444	13	be	be	AUX
ajfa-5212	444	14	used	use	VERB
ajfa-5212	444	15	in	in	ADP
ajfa-5212	444	16	the	the	DET
ajfa-5212	444	17	criteria	criterion	NOUN
ajfa-5212	444	18	under	under	ADP
ajfa-5212	444	19	the	the	DET
ajfa-5212	444	20	taiwan	taiwan	PROPN
ajfa-5212	444	21	stock	stock	NOUN
ajfa-5212	444	22	exchange	exchange	PROPN
ajfa-5212	444	23	and	and	CCONJ
ajfa-5212	444	24	the	the	DET
ajfa-5212	444	25	otc	otc	PROPN
ajfa-5212	444	26	exchange	exchange	NOUN
ajfa-5212	444	27	center	center	NOUN
ajfa-5212	444	28	.	.	PUNCT
ajfa-5212	445	1	due	due	ADP
ajfa-5212	445	2	to	to	ADP
ajfa-5212	445	3	the	the	DET
ajfa-5212	445	4	significance	significance	NOUN
ajfa-5212	445	5	of	of	ADP
ajfa-5212	445	6	and	and	CCONJ
ajfa-5212	445	7	differences	difference	NOUN
ajfa-5212	445	8	in	in	ADP
ajfa-5212	445	9	the	the	DET
ajfa-5212	445	10	information	information	NOUN
ajfa-5212	445	11	,	,	PUNCT
ajfa-5212	445	12	the	the	DET
ajfa-5212	445	13	content	content	NOUN
ajfa-5212	445	14	is	be	AUX
ajfa-5212	445	15	not	not	PART
ajfa-5212	445	16	obvious	obvious	ADJ
ajfa-5212	445	17	.	.	PUNCT
ajfa-5212	446	1	we	we	PRON
ajfa-5212	446	2	thus	thus	ADV
ajfa-5212	446	3	use	use	VERB
ajfa-5212	446	4	the	the	DET
ajfa-5212	446	5	classification	classification	NOUN
ajfa-5212	446	6	criteria	criterion	NOUN
ajfa-5212	446	7	of	of	ADP
ajfa-5212	446	8	the	the	DET
ajfa-5212	446	9	credit	credit	NOUN
ajfa-5212	446	10	-	-	PUNCT
ajfa-5212	446	11	scoring	score	VERB
ajfa-5212	446	12	models	model	NOUN
ajfa-5212	446	13	provided	provide	VERB
ajfa-5212	446	14	by	by	ADP
ajfa-5212	446	15	the	the	DET
ajfa-5212	446	16	joint	joint	ADJ
ajfa-5212	446	17	credit	credit	NOUN
ajfa-5212	446	18	information	information	NOUN
ajfa-5212	446	19	center	center	NOUN
ajfa-5212	446	20	.	.	PUNCT
ajfa-5212	447	1	asian	asian	ADJ
ajfa-5212	447	2	journal	journal	PROPN
ajfa-5212	447	3	of	of	ADP
ajfa-5212	447	4	finance	finance	PROPN
ajfa-5212	447	5	&	&	CCONJ
ajfa-5212	447	6	accounting	accounting	PROPN
ajfa-5212	447	7	issn	issn	PROPN
ajfa-5212	447	8	1946	1946	NUM
ajfa-5212	447	9	-	-	PUNCT
ajfa-5212	447	10	052x	052x	PROPN
ajfa-5212	447	11	2014	2014	NUM
ajfa-5212	447	12	,	,	PUNCT
ajfa-5212	447	13	vol	vol	NOUN
ajfa-5212	447	14	.	.	PROPN
ajfa-5212	448	1	6	6	NUM
ajfa-5212	448	2	,	,	PUNCT
ajfa-5212	448	3	no	no	INTJ
ajfa-5212	448	4	.	.	NOUN
ajfa-5212	448	5	1	1	NUM
ajfa-5212	448	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	448	7	196	196	NUM
ajfa-5212	448	8	20	20	NUM
ajfa-5212	448	9	.	.	PUNCT
ajfa-5212	449	1	in	in	ADP
ajfa-5212	449	2	addition	addition	NOUN
ajfa-5212	449	3	to	to	ADP
ajfa-5212	449	4	the	the	DET
ajfa-5212	449	5	four	four	NUM
ajfa-5212	449	6	variables	variable	NOUN
ajfa-5212	449	7	above	above	ADV
ajfa-5212	449	8	,	,	PUNCT
ajfa-5212	449	9	we	we	PRON
ajfa-5212	449	10	also	also	ADV
ajfa-5212	449	11	considered	consider	VERB
ajfa-5212	449	12	the	the	DET
ajfa-5212	449	13	rate	rate	NOUN
ajfa-5212	449	14	of	of	ADP
ajfa-5212	449	15	return	return	NOUN
ajfa-5212	449	16	on	on	ADP
ajfa-5212	449	17	total	total	ADJ
ajfa-5212	449	18	assets	asset	NOUN
ajfa-5212	449	19	and	and	CCONJ
ajfa-5212	449	20	the	the	DET
ajfa-5212	449	21	debt	debt	NOUN
ajfa-5212	449	22	ratio	ratio	NOUN
ajfa-5212	449	23	during	during	ADP
ajfa-5212	449	24	the	the	DET
ajfa-5212	449	25	process	process	NOUN
ajfa-5212	449	26	of	of	ADP
ajfa-5212	449	27	developing	develop	VERB
ajfa-5212	449	28	our	our	PRON
ajfa-5212	449	29	empirical	empirical	ADJ
ajfa-5212	449	30	models	model	NOUN
ajfa-5212	449	31	.	.	PUNCT
ajfa-5212	450	1	however	however	ADV
ajfa-5212	450	2	,	,	PUNCT
ajfa-5212	450	3	due	due	ADP
ajfa-5212	450	4	to	to	ADP
ajfa-5212	450	5	the	the	DET
ajfa-5212	450	6	possibility	possibility	NOUN
ajfa-5212	450	7	of	of	ADP
ajfa-5212	450	8	multicollinearity	multicollinearity	NOUN
ajfa-5212	450	9	with	with	ADP
ajfa-5212	450	10	the	the	DET
ajfa-5212	450	11	profitability	profitability	NOUN
ajfa-5212	450	12	ratio	ratio	NOUN
ajfa-5212	450	13	and	and	CCONJ
ajfa-5212	450	14	financial	financial	ADJ
ajfa-5212	450	15	leverage	leverage	NOUN
ajfa-5212	450	16	ratio	ratio	NOUN
ajfa-5212	450	17	,	,	PUNCT
ajfa-5212	450	18	we	we	PRON
ajfa-5212	450	19	finally	finally	ADV
ajfa-5212	450	20	abandoned	abandon	VERB
ajfa-5212	450	21	them	they	PRON
ajfa-5212	450	22	.	.	PUNCT
ajfa-5212	451	1	21	21	NUM
ajfa-5212	451	2	.	.	X
ajfa-5212	451	3	brick	brick	NOUN
ajfa-5212	451	4	-	-	PUNCT
ajfa-5212	451	5	palia	palia	NOUN
ajfa-5212	451	6	(	(	PUNCT
ajfa-5212	451	7	2007	2007	NUM
ajfa-5212	451	8	)	)	PUNCT
ajfa-5212	451	9	regarded	regard	VERB
ajfa-5212	451	10	the	the	DET
ajfa-5212	451	11	collateral	collateral	NOUN
ajfa-5212	451	12	provided	provide	VERB
ajfa-5212	451	13	by	by	ADP
ajfa-5212	451	14	the	the	DET
ajfa-5212	451	15	company	company	NOUN
ajfa-5212	451	16	as	as	ADP
ajfa-5212	451	17	inside	inside	ADP
ajfa-5212	451	18	collateral	collateral	NOUN
ajfa-5212	451	19	,	,	PUNCT
ajfa-5212	451	20	and	and	CCONJ
ajfa-5212	451	21	the	the	DET
ajfa-5212	451	22	collateral	collateral	NOUN
ajfa-5212	451	23	or	or	CCONJ
ajfa-5212	451	24	personal	personal	ADJ
ajfa-5212	451	25	guarantee	guarantee	NOUN
ajfa-5212	451	26	provided	provide	VERB
ajfa-5212	451	27	by	by	ADP
ajfa-5212	451	28	top	top	ADJ
ajfa-5212	451	29	management	management	NOUN
ajfa-5212	451	30	as	as	ADP
ajfa-5212	451	31	outside	outside	ADP
ajfa-5212	451	32	collateral	collateral	NOUN
ajfa-5212	451	33	.	.	PUNCT
ajfa-5212	452	1	in	in	ADP
ajfa-5212	452	2	this	this	DET
ajfa-5212	452	3	study	study	NOUN
ajfa-5212	452	4	,	,	PUNCT
ajfa-5212	452	5	we	we	PRON
ajfa-5212	452	6	use	use	VERB
ajfa-5212	452	7	the	the	DET
ajfa-5212	452	8	borrowing	borrowing	NOUN
ajfa-5212	452	9	firms	firm	NOUN
ajfa-5212	452	10	as	as	ADP
ajfa-5212	452	11	our	our	PRON
ajfa-5212	452	12	sample	sample	NOUN
ajfa-5212	452	13	,	,	PUNCT
ajfa-5212	452	14	and	and	CCONJ
ajfa-5212	452	15	because	because	SCONJ
ajfa-5212	452	16	each	each	DET
ajfa-5212	452	17	firm	firm	NOUN
ajfa-5212	452	18	has	have	VERB
ajfa-5212	452	19	a	a	DET
ajfa-5212	452	20	number	number	NOUN
ajfa-5212	452	21	of	of	ADP
ajfa-5212	452	22	secured	secured	ADJ
ajfa-5212	452	23	and	and	CCONJ
ajfa-5212	452	24	unsecured	unsecured	ADJ
ajfa-5212	452	25	loans	loan	NOUN
ajfa-5212	452	26	,	,	PUNCT
ajfa-5212	452	27	we	we	PRON
ajfa-5212	452	28	do	do	AUX
ajfa-5212	452	29	not	not	PART
ajfa-5212	452	30	use	use	VERB
ajfa-5212	452	31	the	the	DET
ajfa-5212	452	32	method	method	NOUN
ajfa-5212	452	33	of	of	ADP
ajfa-5212	452	34	brick	brick	NOUN
ajfa-5212	452	35	-	-	PUNCT
ajfa-5212	452	36	palia	palia	NOUN
ajfa-5212	452	37	,	,	PUNCT
ajfa-5212	452	38	which	which	PRON
ajfa-5212	452	39	took	take	VERB
ajfa-5212	452	40	the	the	DET
ajfa-5212	452	41	variable	variable	NOUN
ajfa-5212	452	42	of	of	ADP
ajfa-5212	452	43	collateral	collateral	NOUN
ajfa-5212	452	44	into	into	ADP
ajfa-5212	452	45	consideration	consideration	NOUN
ajfa-5212	452	46	.	.	PUNCT
ajfa-5212	453	1	instead	instead	ADV
ajfa-5212	453	2	,	,	PUNCT
ajfa-5212	453	3	we	we	PRON
ajfa-5212	453	4	use	use	VERB
ajfa-5212	453	5	the	the	DET
ajfa-5212	453	6	credit	credit	NOUN
ajfa-5212	453	7	record	record	NOUN
ajfa-5212	453	8	of	of	ADP
ajfa-5212	453	9	the	the	DET
ajfa-5212	453	10	enterprise	enterprise	NOUN
ajfa-5212	453	11	in	in	ADP
ajfa-5212	453	12	the	the	DET
ajfa-5212	453	13	past	past	NOUN
ajfa-5212	453	14	(	(	PUNCT
ajfa-5212	453	15	credit_01	credit_01	X
ajfa-5212	453	16	)	)	PUNCT
ajfa-5212	453	17	and	and	CCONJ
ajfa-5212	453	18	the	the	DET
ajfa-5212	453	19	credit	credit	NOUN
ajfa-5212	453	20	score	score	NOUN
ajfa-5212	453	21	of	of	ADP
ajfa-5212	453	22	the	the	DET
ajfa-5212	453	23	chairperson	chairperson	NOUN
ajfa-5212	453	24	(	(	PUNCT
ajfa-5212	453	25	credit_02	credit_02	PROPN
ajfa-5212	453	26	)	)	PUNCT
ajfa-5212	453	27	.	.	PUNCT
ajfa-5212	454	1	22	22	NUM
ajfa-5212	454	2	.	.	PUNCT
ajfa-5212	455	1	the	the	DET
ajfa-5212	455	2	value	value	NOUN
ajfa-5212	455	3	of	of	ADP
ajfa-5212	455	4	the	the	DET
ajfa-5212	455	5	dependent	dependent	ADJ
ajfa-5212	455	6	variable	variable	NOUN
ajfa-5212	455	7	only	only	ADV
ajfa-5212	455	8	has	have	VERB
ajfa-5212	455	9	the	the	DET
ajfa-5212	455	10	meaning	meaning	NOUN
ajfa-5212	455	11	of	of	ADP
ajfa-5212	455	12	“	"	PUNCT
ajfa-5212	455	13	classification	classification	NOUN
ajfa-5212	455	14	”	"	PUNCT
ajfa-5212	455	15	,	,	PUNCT
ajfa-5212	455	16	and	and	CCONJ
ajfa-5212	455	17	has	have	VERB
ajfa-5212	455	18	absolutely	absolutely	ADV
ajfa-5212	455	19	nothing	nothing	PRON
ajfa-5212	455	20	to	to	PART
ajfa-5212	455	21	do	do	VERB
ajfa-5212	455	22	with	with	ADP
ajfa-5212	455	23	the	the	DET
ajfa-5212	455	24	numerical	numerical	ADJ
ajfa-5212	455	25	value	value	NOUN
ajfa-5212	455	26	.	.	PUNCT
ajfa-5212	456	1	23	23	NUM
ajfa-5212	456	2	.	.	PUNCT
ajfa-5212	457	1	the	the	DET
ajfa-5212	457	2	control	control	NOUN
ajfa-5212	457	3	samples	sample	NOUN
ajfa-5212	457	4	refer	refer	VERB
ajfa-5212	457	5	to	to	ADP
ajfa-5212	457	6	msbs	msbs	NOUN
ajfa-5212	457	7	that	that	PRON
ajfa-5212	457	8	build	build	VERB
ajfa-5212	457	9	relationships	relationship	NOUN
ajfa-5212	457	10	with	with	ADP
ajfa-5212	457	11	banks	bank	NOUN
ajfa-5212	457	12	without	without	ADP
ajfa-5212	457	13	“	"	PUNCT
ajfa-5212	457	14	wobd	wobd	NOUN
ajfa-5212	457	15	”	"	PUNCT
ajfa-5212	457	16	and	and	CCONJ
ajfa-5212	457	17	“	"	PUNCT
ajfa-5212	457	18	hccl	hccl	PROPN
ajfa-5212	457	19	”	"	PUNCT
ajfa-5212	457	20	.	.	PUNCT
ajfa-5212	458	1	24	24	NUM
ajfa-5212	458	2	.	.	PUNCT
ajfa-5212	459	1	to	to	PART
ajfa-5212	459	2	be	be	AUX
ajfa-5212	459	3	specific	specific	ADJ
ajfa-5212	459	4	,	,	PUNCT
ajfa-5212	459	5	for	for	ADP
ajfa-5212	459	6	the	the	DET
ajfa-5212	459	7	borrowers	borrower	NOUN
ajfa-5212	459	8	of	of	ADP
ajfa-5212	459	9	banks	bank	NOUN
ajfa-5212	459	10	with	with	ADP
ajfa-5212	459	11	“	"	PUNCT
ajfa-5212	459	12	wobd	wobd	NOUN
ajfa-5212	459	13	”	"	PUNCT
ajfa-5212	459	14	,	,	PUNCT
ajfa-5212	459	15	the	the	DET
ajfa-5212	459	16	control	control	NOUN
ajfa-5212	459	17	samples	sample	NOUN
ajfa-5212	459	18	are	be	AUX
ajfa-5212	459	19	defined	define	VERB
ajfa-5212	459	20	as	as	ADP
ajfa-5212	459	21	the	the	DET
ajfa-5212	459	22	borrowers	borrower	NOUN
ajfa-5212	459	23	of	of	ADP
ajfa-5212	459	24	banks	bank	NOUN
ajfa-5212	459	25	without	without	ADP
ajfa-5212	459	26	“	"	PUNCT
ajfa-5212	459	27	wobd	wobd	NOUN
ajfa-5212	459	28	”	"	PUNCT
ajfa-5212	459	29	.	.	PUNCT
ajfa-5212	460	1	when	when	SCONJ
ajfa-5212	460	2	the	the	DET
ajfa-5212	460	3	research	research	NOUN
ajfa-5212	460	4	object	object	NOUN
ajfa-5212	460	5	is	be	AUX
ajfa-5212	460	6	the	the	DET
ajfa-5212	460	7	borrowers	borrower	NOUN
ajfa-5212	460	8	of	of	ADP
ajfa-5212	460	9	banks	bank	NOUN
ajfa-5212	460	10	with	with	ADP
ajfa-5212	460	11	“	"	PUNCT
ajfa-5212	460	12	hccl	hccl	PROPN
ajfa-5212	460	13	”	"	PUNCT
ajfa-5212	460	14	,	,	PUNCT
ajfa-5212	460	15	the	the	DET
ajfa-5212	460	16	control	control	NOUN
ajfa-5212	460	17	samples	sample	NOUN
ajfa-5212	460	18	are	be	AUX
ajfa-5212	460	19	defined	define	VERB
ajfa-5212	460	20	as	as	ADP
ajfa-5212	460	21	the	the	DET
ajfa-5212	460	22	borrowers	borrower	NOUN
ajfa-5212	460	23	of	of	ADP
ajfa-5212	460	24	banks	bank	NOUN
ajfa-5212	460	25	without	without	ADP
ajfa-5212	460	26	“	"	PUNCT
ajfa-5212	460	27	hccl	hccl	PROPN
ajfa-5212	460	28	”	"	PUNCT
ajfa-5212	460	29	.	.	PUNCT
ajfa-5212	461	1	25	25	NUM
ajfa-5212	461	2	.	.	PUNCT
ajfa-5212	461	3	according	accord	VERB
ajfa-5212	461	4	to	to	ADP
ajfa-5212	461	5	the	the	DET
ajfa-5212	461	6	dependent	dependent	ADJ
ajfa-5212	461	7	variables	variable	NOUN
ajfa-5212	461	8	in	in	ADP
ajfa-5212	461	9	formulas	formula	NOUN
ajfa-5212	461	10	(	(	PUNCT
ajfa-5212	461	11	1	1	NUM
ajfa-5212	461	12	)	)	PUNCT
ajfa-5212	461	13	and	and	CCONJ
ajfa-5212	461	14	(	(	PUNCT
ajfa-5212	461	15	2	2	NUM
ajfa-5212	461	16	)	)	PUNCT
ajfa-5212	461	17	,	,	PUNCT
ajfa-5212	461	18	which	which	PRON
ajfa-5212	461	19	refer	refer	VERB
ajfa-5212	461	20	to	to	ADP
ajfa-5212	461	21	the	the	DET
ajfa-5212	461	22	ratios	ratio	NOUN
ajfa-5212	461	23	of	of	ADP
ajfa-5212	461	24	event	event	NOUN
ajfa-5212	461	25	occurrences	occurrence	NOUN
ajfa-5212	461	26	relative	relative	ADJ
ajfa-5212	461	27	to	to	ADP
ajfa-5212	461	28	their	their	PRON
ajfa-5212	461	29	not	not	PART
ajfa-5212	461	30	occurring	occur	VERB
ajfa-5212	461	31	,	,	PUNCT
ajfa-5212	461	32	we	we	PRON
ajfa-5212	461	33	take	take	VERB
ajfa-5212	461	34	the	the	DET
ajfa-5212	461	35	natural	natural	ADJ
ajfa-5212	461	36	logarithms	logarithm	NOUN
ajfa-5212	461	37	.	.	PUNCT
ajfa-5212	462	1	for	for	ADP
ajfa-5212	462	2	simplicity	simplicity	NOUN
ajfa-5212	462	3	,	,	PUNCT
ajfa-5212	462	4	we	we	PRON
ajfa-5212	462	5	simply	simply	ADV
ajfa-5212	462	6	use	use	VERB
ajfa-5212	462	7	tendencies	tendency	NOUN
ajfa-5212	462	8	and	and	CCONJ
ajfa-5212	462	9	preferences	preference	NOUN
ajfa-5212	462	10	in	in	ADP
ajfa-5212	462	11	favor	favor	NOUN
ajfa-5212	462	12	of	of	ADP
ajfa-5212	462	13	measuring	measure	VERB
ajfa-5212	462	14	the	the	DET
ajfa-5212	462	15	variables	variable	NOUN
ajfa-5212	462	16	,	,	PUNCT
ajfa-5212	462	17	and	and	CCONJ
ajfa-5212	462	18	hope	hope	VERB
ajfa-5212	462	19	it	it	PRON
ajfa-5212	462	20	will	will	AUX
ajfa-5212	462	21	not	not	PART
ajfa-5212	462	22	result	result	VERB
ajfa-5212	462	23	in	in	ADP
ajfa-5212	462	24	a	a	DET
ajfa-5212	462	25	misunderstanding	misunderstanding	NOUN
ajfa-5212	462	26	on	on	ADP
ajfa-5212	462	27	the	the	DET
ajfa-5212	462	28	part	part	NOUN
ajfa-5212	462	29	of	of	ADP
ajfa-5212	462	30	the	the	DET
ajfa-5212	462	31	reader	reader	NOUN
ajfa-5212	462	32	.	.	PUNCT
ajfa-5212	463	1	references	reference	NOUN
ajfa-5212	463	2	agarwal	agarwal	PROPN
ajfa-5212	463	3	,	,	PUNCT
ajfa-5212	463	4	r.	r.	PROPN
ajfa-5212	463	5	,	,	PUNCT
ajfa-5212	463	6	&	&	CCONJ
ajfa-5212	463	7	eiston	eiston	PROPN
ajfa-5212	463	8	,	,	PUNCT
ajfa-5212	463	9	j.	j.	PROPN
ajfa-5212	463	10	a.	a.	PROPN
ajfa-5212	463	11	(	(	PUNCT
ajfa-5212	463	12	2001	2001	NUM
ajfa-5212	463	13	)	)	PUNCT
ajfa-5212	463	14	,	,	PUNCT
ajfa-5212	463	15	bank	bank	NOUN
ajfa-5212	463	16	-	-	PUNCT
ajfa-5212	463	17	firm	firm	NOUN
ajfa-5212	463	18	relationships	relationship	NOUN
ajfa-5212	463	19	,	,	PUNCT
ajfa-5212	463	20	financing	financing	NOUN
ajfa-5212	463	21	and	and	CCONJ
ajfa-5212	463	22	firm	firm	ADJ
ajfa-5212	463	23	performance	performance	NOUN
ajfa-5212	463	24	in	in	ADP
ajfa-5212	463	25	germany	germany	PROPN
ajfa-5212	463	26	.	.	PUNCT
ajfa-5212	464	1	economics	economic	NOUN
ajfa-5212	464	2	letters	letter	NOUN
ajfa-5212	464	3	,	,	PUNCT
ajfa-5212	464	4	72	72	NUM
ajfa-5212	464	5	,	,	PUNCT
ajfa-5212	464	6	225	225	NUM
ajfa-5212	464	7	-	-	SYM
ajfa-5212	464	8	237	237	NUM
ajfa-5212	464	9	.	.	PUNCT
ajfa-5212	465	1	http://dx.doi.org/10.1016/s0165-1765(01)00427-x	http://dx.doi.org/10.1016/s0165-1765(01)00427-x	PROPN
ajfa-5212	465	2	berger	berger	PROPN
ajfa-5212	465	3	,	,	PUNCT
ajfa-5212	465	4	a.	a.	PROPN
ajfa-5212	465	5	n.	n.	PROPN
ajfa-5212	465	6	,	,	PUNCT
ajfa-5212	465	7	klapper	klapper	PROPN
ajfa-5212	465	8	,	,	PUNCT
ajfa-5212	465	9	l.	l.	PROPN
ajfa-5212	465	10	f.	f.	PROPN
ajfa-5212	465	11	,	,	PUNCT
ajfa-5212	465	12	peria	peria	PROPN
ajfa-5212	465	13	,	,	PUNCT
ajfa-5212	465	14	m.	m.	NOUN
ajfa-5212	465	15	s.	s.	PROPN
ajfa-5212	465	16	m.	m.	PROPN
ajfa-5212	465	17	,	,	PUNCT
ajfa-5212	465	18	&	&	CCONJ
ajfa-5212	465	19	zaidi	zaidi	PROPN
ajfa-5212	465	20	,	,	PUNCT
ajfa-5212	465	21	r.	r.	PROPN
ajfa-5212	465	22	(	(	PUNCT
ajfa-5212	465	23	2008	2008	NUM
ajfa-5212	465	24	)	)	PUNCT
ajfa-5212	465	25	.	.	PUNCT
ajfa-5212	466	1	bank	bank	NOUN
ajfa-5212	466	2	ownership	ownership	NOUN
ajfa-5212	466	3	type	type	NOUN
ajfa-5212	466	4	and	and	CCONJ
ajfa-5212	466	5	banking	banking	NOUN
ajfa-5212	466	6	relationships	relationship	NOUN
ajfa-5212	466	7	.	.	PUNCT
ajfa-5212	467	1	journal	journal	NOUN
ajfa-5212	467	2	of	of	ADP
ajfa-5212	467	3	financial	financial	ADJ
ajfa-5212	467	4	intermediation	intermediation	NOUN
ajfa-5212	467	5	,	,	PUNCT
ajfa-5212	467	6	17(1	17(1	NUM
ajfa-5212	467	7	)	)	PUNCT
ajfa-5212	467	8	,	,	PUNCT
ajfa-5212	467	9	37	37	NUM
ajfa-5212	467	10	-	-	SYM
ajfa-5212	467	11	62	62	NUM
ajfa-5212	467	12	.	.	PUNCT
ajfa-5212	468	1	http://dx.doi.org/10.1016/j.jfi.2006.11.001	http://dx.doi.org/10.1016/j.jfi.2006.11.001	PROPN
ajfa-5212	468	2	berger	berger	PROPN
ajfa-5212	468	3	,	,	PUNCT
ajfa-5212	468	4	a.	a.	PROPN
ajfa-5212	468	5	n.	n.	PROPN
ajfa-5212	468	6	,	,	PUNCT
ajfa-5212	468	7	&	&	CCONJ
ajfa-5212	468	8	thakor	thakor	PROPN
ajfa-5212	468	9	a.	a.	PROPN
ajfa-5212	468	10	v.	v.	PROPN
ajfa-5212	468	11	(	(	PUNCT
ajfa-5212	468	12	1994	1994	NUM
ajfa-5212	468	13	)	)	PUNCT
ajfa-5212	468	14	.	.	PUNCT
ajfa-5212	469	1	moral	moral	ADJ
ajfa-5212	469	2	hazard	hazard	NOUN
ajfa-5212	469	3	and	and	CCONJ
ajfa-5212	469	4	secured	secured	ADJ
ajfa-5212	469	5	lending	lending	NOUN
ajfa-5212	469	6	in	in	ADP
ajfa-5212	469	7	an	an	DET
ajfa-5212	469	8	infinitely	infinitely	ADV
ajfa-5212	469	9	repeated	repeat	VERB
ajfa-5212	469	10	credit	credit	NOUN
ajfa-5212	469	11	market	market	NOUN
ajfa-5212	469	12	game	game	NOUN
ajfa-5212	469	13	.	.	PUNCT
ajfa-5212	470	1	international	international	ADJ
ajfa-5212	470	2	economic	economic	ADJ
ajfa-5212	470	3	review	review	NOUN
ajfa-5212	470	4	,	,	PUNCT
ajfa-5212	470	5	35(4	35(4	NUM
ajfa-5212	470	6	)	)	PUNCT
ajfa-5212	470	7	,	,	PUNCT
ajfa-5212	470	8	899	899	NUM
ajfa-5212	470	9	-	-	SYM
ajfa-5212	470	10	920	920	NUM
ajfa-5212	470	11	.	.	PUNCT
ajfa-5212	471	1	http://www.jstor.org/stable/2527003	http://www.jstor.org/stable/2527003	PROPN
ajfa-5212	471	2	brick	brick	PROPN
ajfa-5212	471	3	,	,	PUNCT
ajfa-5212	471	4	i.	i.	PROPN
ajfa-5212	471	5	e.	e.	PROPN
ajfa-5212	471	6	,	,	PUNCT
ajfa-5212	471	7	&	&	CCONJ
ajfa-5212	471	8	d.	d.	PROPN
ajfa-5212	471	9	palia	palia	PROPN
ajfa-5212	471	10	(	(	PUNCT
ajfa-5212	471	11	2007	2007	NUM
ajfa-5212	471	12	)	)	PUNCT
ajfa-5212	471	13	.	.	PUNCT
ajfa-5212	472	1	evidence	evidence	NOUN
ajfa-5212	472	2	of	of	ADP
ajfa-5212	472	3	jointness	jointness	NOUN
ajfa-5212	472	4	in	in	ADP
ajfa-5212	472	5	terms	term	NOUN
ajfa-5212	472	6	of	of	ADP
ajfa-5212	472	7	relationship	relationship	NOUN
ajfa-5212	472	8	lending	lending	NOUN
ajfa-5212	472	9	.	.	PUNCT
ajfa-5212	473	1	journal	journal	PROPN
ajfa-5212	473	2	of	of	ADP
ajfa-5212	473	3	financial	financial	ADJ
ajfa-5212	473	4	intermediation	intermediation	NOUN
ajfa-5212	473	5	,	,	PUNCT
ajfa-5212	473	6	16(3	16(3	NOUN
ajfa-5212	473	7	)	)	PUNCT
ajfa-5212	473	8	,	,	PUNCT
ajfa-5212	473	9	452	452	NUM
ajfa-5212	473	10	-	-	SYM
ajfa-5212	473	11	476	476	NUM
ajfa-5212	473	12	.	.	PUNCT
ajfa-5212	474	1	http://dx.doi.org/10.1016/j.jfi.2007.01.001	http://dx.doi.org/10.1016/j.jfi.2007.01.001	NOUN
ajfa-5212	474	2	diamond	diamond	NOUN
ajfa-5212	474	3	,	,	PUNCT
ajfa-5212	474	4	d.	d.	PROPN
ajfa-5212	474	5	w.	w.	PROPN
ajfa-5212	474	6	(	(	PUNCT
ajfa-5212	474	7	1989	1989	NUM
ajfa-5212	474	8	)	)	PUNCT
ajfa-5212	474	9	.	.	PUNCT
ajfa-5212	475	1	reputation	reputation	NOUN
ajfa-5212	475	2	acquisition	acquisition	NOUN
ajfa-5212	475	3	in	in	ADP
ajfa-5212	475	4	debt	debt	NOUN
ajfa-5212	475	5	markets	market	NOUN
ajfa-5212	475	6	.	.	PUNCT
ajfa-5212	476	1	journal	journal	NOUN
ajfa-5212	476	2	of	of	ADP
ajfa-5212	476	3	political	political	ADJ
ajfa-5212	476	4	economy	economy	NOUN
ajfa-5212	476	5	,	,	PUNCT
ajfa-5212	476	6	97(4	97(4	NUM
ajfa-5212	476	7	)	)	PUNCT
ajfa-5212	476	8	,	,	PUNCT
ajfa-5212	476	9	828	828	NUM
ajfa-5212	476	10	-	-	SYM
ajfa-5212	476	11	862	862	NUM
ajfa-5212	476	12	.	.	PUNCT
ajfa-5212	477	1	http://www.jstor.org/stable/1832193	http://www.jstor.org/stable/1832193	PROPN
ajfa-5212	477	2	jacobson	jacobson	PROPN
ajfa-5212	477	3	,	,	PUNCT
ajfa-5212	477	4	t.	t.	PROPN
ajfa-5212	477	5	&	&	CCONJ
ajfa-5212	477	6	k.	k.	PROPN
ajfa-5212	477	7	roszbach	roszbach	PROPN
ajfa-5212	477	8	(	(	PUNCT
ajfa-5212	477	9	2003	2003	NUM
ajfa-5212	477	10	)	)	PUNCT
ajfa-5212	477	11	.	.	PUNCT
ajfa-5212	478	1	bank	bank	NOUN
ajfa-5212	478	2	lending	lending	NOUN
ajfa-5212	478	3	policy	policy	NOUN
ajfa-5212	478	4	,	,	PUNCT
ajfa-5212	478	5	credit	credit	NOUN
ajfa-5212	478	6	scoring	scoring	NOUN
ajfa-5212	478	7	and	and	CCONJ
ajfa-5212	478	8	value	value	NOUN
ajfa-5212	478	9	-	-	PUNCT
ajfa-5212	478	10	at	at	ADP
ajfa-5212	478	11	-	-	PUNCT
ajfa-5212	478	12	risk	risk	NOUN
ajfa-5212	478	13	,	,	PUNCT
ajfa-5212	478	14	asian	asian	ADJ
ajfa-5212	478	15	journal	journal	NOUN
ajfa-5212	478	16	of	of	ADP
ajfa-5212	478	17	finance	finance	PROPN
ajfa-5212	478	18	&	&	CCONJ
ajfa-5212	478	19	accounting	accounting	PROPN
ajfa-5212	478	20	issn	issn	PROPN
ajfa-5212	478	21	1946	1946	NUM
ajfa-5212	478	22	-	-	PUNCT
ajfa-5212	478	23	052x	052x	PROPN
ajfa-5212	478	24	2014	2014	NUM
ajfa-5212	478	25	,	,	PUNCT
ajfa-5212	478	26	vol	vol	NOUN
ajfa-5212	478	27	.	.	PROPN
ajfa-5212	479	1	6	6	NUM
ajfa-5212	479	2	,	,	PUNCT
ajfa-5212	479	3	no	no	INTJ
ajfa-5212	479	4	.	.	NOUN
ajfa-5212	479	5	1	1	NUM
ajfa-5212	479	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5212	479	7	197	197	NUM
ajfa-5212	479	8	journal	journal	NOUN
ajfa-5212	479	9	of	of	ADP
ajfa-5212	479	10	banking	banking	NOUN
ajfa-5212	479	11	and	and	CCONJ
ajfa-5212	479	12	finance	finance	NOUN
ajfa-5212	479	13	,	,	PUNCT
ajfa-5212	479	14	27(4	27(4	PROPN
ajfa-5212	479	15	)	)	PUNCT
ajfa-5212	479	16	,	,	PUNCT
ajfa-5212	479	17	615	615	NUM
ajfa-5212	479	18	-	-	SYM
ajfa-5212	479	19	633	633	NUM
ajfa-5212	479	20	.	.	PUNCT
ajfa-5212	480	1	http://dx.doi.org/10.1016/s0378-4266(01)00254-0	http://dx.doi.org/10.1016/s0378-4266(01)00254-0	PROPN
ajfa-5212	480	2	kuo	kuo	PROPN
ajfa-5212	480	3	,	,	PUNCT
ajfa-5212	480	4	b.y	b.y	PROPN
ajfa-5212	480	5	.	.	PROPN
ajfa-5212	480	6	,	,	PUNCT
ajfa-5212	480	7	&	&	CCONJ
ajfa-5212	480	8	chen	chen	PROPN
ajfa-5212	480	9	,	,	PUNCT
ajfa-5212	480	10	j.t	j.t	PROPN
ajfa-5212	480	11	.	.	PROPN
ajfa-5212	480	12	(	(	PUNCT
ajfa-5212	480	13	2012	2012	NUM
ajfa-5212	480	14	)	)	PUNCT
ajfa-5212	480	15	.	.	PUNCT
ajfa-5212	481	1	bank	bank	NOUN
ajfa-5212	481	2	ownership	ownership	NOUN
ajfa-5212	481	3	types	type	NOUN
ajfa-5212	481	4	and	and	CCONJ
ajfa-5212	481	5	multiple	multiple	ADJ
ajfa-5212	481	6	relationships	relationship	NOUN
ajfa-5212	481	7	with	with	ADP
ajfa-5212	481	8	corporate	corporate	ADJ
ajfa-5212	481	9	clients	client	NOUN
ajfa-5212	481	10	.	.	PUNCT
ajfa-5212	482	1	academia	academia	PROPN
ajfa-5212	482	2	economic	economic	ADJ
ajfa-5212	482	3	papers	paper	NOUN
ajfa-5212	482	4	,	,	PUNCT
ajfa-5212	482	5	40(1	40(1	NOUN
ajfa-5212	482	6	)	)	PUNCT
ajfa-5212	482	7	,	,	PUNCT
ajfa-5212	482	8	111	111	NUM
ajfa-5212	482	9	-	-	SYM
ajfa-5212	482	10	161	161	NUM
ajfa-5212	482	11	.	.	PUNCT
ajfa-5212	483	1	li	li	PROPN
ajfa-5212	483	2	,	,	PUNCT
ajfa-5212	483	3	m.	m.	PROPN
ajfa-5212	483	4	y.	y.	PROPN
ajfa-5212	483	5	(	(	PUNCT
ajfa-5212	483	6	2005	2005	NUM
ajfa-5212	483	7	)	)	PUNCT
ajfa-5212	483	8	.	.	PUNCT
ajfa-5212	484	1	building	building	NOUN
ajfa-5212	484	2	and	and	CCONJ
ajfa-5212	484	3	verification	verification	NOUN
ajfa-5212	484	4	of	of	ADP
ajfa-5212	484	5	the	the	DET
ajfa-5212	484	6	credit	credit	NOUN
ajfa-5212	484	7	scoring	scoring	NOUN
ajfa-5212	484	8	model	model	NOUN
ajfa-5212	484	9	of	of	ADP
ajfa-5212	484	10	banks	bank	NOUN
ajfa-5212	484	11	-	-	PUNCT
ajfa-5212	484	12	evidence	evidence	NOUN
ajfa-5212	484	13	from	from	ADP
ajfa-5212	484	14	taiwan	taiwan	PROPN
ajfa-5212	484	15	’s	’s	PART
ajfa-5212	484	16	smes	sme	NOUN
ajfa-5212	484	17	,	,	PUNCT
ajfa-5212	484	18	master	master	NOUN
ajfa-5212	484	19	’s	’s	PART
ajfa-5212	484	20	thesis	thesis	NOUN
ajfa-5212	484	21	,	,	PUNCT
ajfa-5212	484	22	graduate	graduate	NOUN
ajfa-5212	484	23	school	school	NOUN
ajfa-5212	484	24	of	of	ADP
ajfa-5212	484	25	finance	finance	NOUN
ajfa-5212	484	26	,	,	PUNCT
ajfa-5212	484	27	shin	shin	PROPN
ajfa-5212	484	28	hsin	hsin	PROPN
ajfa-5212	484	29	university	university	PROPN
ajfa-5212	484	30	.	.	PUNCT
ajfa-5212	485	1	lummer	lummer	PROPN
ajfa-5212	485	2	,	,	PUNCT
ajfa-5212	485	3	s.	s.	PROPN
ajfa-5212	485	4	l.	l.	PROPN
ajfa-5212	485	5	&	&	CCONJ
ajfa-5212	485	6	mcconnell	mcconnell	PROPN
ajfa-5212	485	7	,	,	PUNCT
ajfa-5212	485	8	j.	j.	PROPN
ajfa-5212	485	9	j.	j.	PROPN
ajfa-5212	485	10	(	(	PUNCT
ajfa-5212	485	11	1989	1989	NUM
ajfa-5212	485	12	)	)	PUNCT
ajfa-5212	485	13	.	.	PUNCT
ajfa-5212	486	1	further	further	ADJ
ajfa-5212	486	2	evidence	evidence	NOUN
ajfa-5212	486	3	on	on	ADP
ajfa-5212	486	4	the	the	DET
ajfa-5212	486	5	bank	bank	NOUN
ajfa-5212	486	6	lending	lending	NOUN
ajfa-5212	486	7	process	process	NOUN
ajfa-5212	486	8	and	and	CCONJ
ajfa-5212	486	9	the	the	DET
ajfa-5212	486	10	capital	capital	NOUN
ajfa-5212	486	11	-	-	PUNCT
ajfa-5212	486	12	market	market	NOUN
ajfa-5212	486	13	response	response	NOUN
ajfa-5212	486	14	to	to	ADP
ajfa-5212	486	15	bank	bank	NOUN
ajfa-5212	486	16	loan	loan	NOUN
ajfa-5212	486	17	agreements	agreement	NOUN
ajfa-5212	486	18	.	.	PUNCT
ajfa-5212	487	1	journal	journal	NOUN
ajfa-5212	487	2	of	of	ADP
ajfa-5212	487	3	financial	financial	ADJ
ajfa-5212	487	4	economics	economic	NOUN
ajfa-5212	487	5	,	,	PUNCT
ajfa-5212	487	6	25(1	25(1	NUM
ajfa-5212	487	7	)	)	PUNCT
ajfa-5212	487	8	,	,	PUNCT
ajfa-5212	487	9	99	99	NUM
ajfa-5212	487	10	-	-	SYM
ajfa-5212	487	11	122	122	NUM
ajfa-5212	487	12	.	.	PUNCT
ajfa-5212	488	1	http://dx.doi.org/10.1016/0304-405x(89)90098-6	http://dx.doi.org/10.1016/0304-405x(89)90098-6	PROPN
ajfa-5212	488	2	myers	myers	PROPN
ajfa-5212	488	3	,	,	PUNCT
ajfa-5212	488	4	s.	s.	PROPN
ajfa-5212	488	5	c.	c.	PROPN
ajfa-5212	488	6	,	,	PUNCT
ajfa-5212	488	7	&	&	CCONJ
ajfa-5212	488	8	majluf	majluf	PROPN
ajfa-5212	488	9	,	,	PUNCT
ajfa-5212	488	10	n.	n.	NOUN
ajfa-5212	488	11	(	(	PUNCT
ajfa-5212	488	12	1984	1984	NUM
ajfa-5212	488	13	)	)	PUNCT
ajfa-5212	488	14	.	.	PUNCT
ajfa-5212	489	1	corporate	corporate	ADJ
ajfa-5212	489	2	financing	financing	NOUN
ajfa-5212	489	3	and	and	CCONJ
ajfa-5212	489	4	investment	investment	NOUN
ajfa-5212	489	5	decisions	decision	NOUN
ajfa-5212	489	6	when	when	SCONJ
ajfa-5212	489	7	firms	firm	NOUN
ajfa-5212	489	8	have	have	VERB
ajfa-5212	489	9	information	information	NOUN
ajfa-5212	489	10	investors	investor	NOUN
ajfa-5212	489	11	do	do	AUX
ajfa-5212	489	12	not	not	PART
ajfa-5212	489	13	have	have	VERB
ajfa-5212	489	14	.	.	PUNCT
ajfa-5212	490	1	journal	journal	NOUN
ajfa-5212	490	2	of	of	ADP
ajfa-5212	490	3	financial	financial	ADJ
ajfa-5212	490	4	economics	economic	NOUN
ajfa-5212	490	5	,	,	PUNCT
ajfa-5212	490	6	13	13	NUM
ajfa-5212	490	7	,	,	PUNCT
ajfa-5212	490	8	187	187	NUM
ajfa-5212	490	9	-	-	SYM
ajfa-5212	490	10	221	221	NUM
ajfa-5212	490	11	.	.	PUNCT
ajfa-5212	491	1	http://ssrn.com/abstract=1505916	http://ssrn.com/abstract=1505916	PROPN
ajfa-5212	491	2	petersen	petersen	PROPN
ajfa-5212	491	3	,	,	PUNCT
ajfa-5212	491	4	m.	m.	NOUN
ajfa-5212	491	5	,	,	PUNCT
ajfa-5212	491	6	&	&	CCONJ
ajfa-5212	491	7	rajan	rajan	PROPN
ajfa-5212	491	8	,	,	PUNCT
ajfa-5212	491	9	r.(1994	r.(1994	PROPN
ajfa-5212	491	10	)	)	PUNCT
ajfa-5212	491	11	.	.	PUNCT
ajfa-5212	492	1	the	the	DET
ajfa-5212	492	2	benefits	benefit	NOUN
ajfa-5212	492	3	of	of	ADP
ajfa-5212	492	4	lending	lend	VERB
ajfa-5212	492	5	relationships	relationship	NOUN
ajfa-5212	492	6	:	:	PUNCT
ajfa-5212	492	7	evidence	evidence	NOUN
ajfa-5212	492	8	from	from	ADP
ajfa-5212	492	9	small	small	ADJ
ajfa-5212	492	10	business	business	NOUN
ajfa-5212	492	11	data	datum	NOUN
ajfa-5212	492	12	.	.	PUNCT
ajfa-5212	493	1	journal	journal	PROPN
ajfa-5212	493	2	of	of	ADP
ajfa-5212	493	3	finance	finance	NOUN
ajfa-5212	493	4	,	,	PUNCT
ajfa-5212	493	5	49(1	49(1	NOUN
ajfa-5212	493	6	)	)	PUNCT
ajfa-5212	493	7	,	,	PUNCT
ajfa-5212	493	8	3	3	NUM
ajfa-5212	493	9	-	-	SYM
ajfa-5212	493	10	37	37	NUM
ajfa-5212	493	11	.	.	PUNCT
ajfa-5212	494	1	http://www.jstor.org/stable/2329133	http://www.jstor.org/stable/2329133	PROPN
ajfa-5212	494	2	ruan	ruan	PROPN
ajfa-5212	494	3	,	,	PUNCT
ajfa-5212	494	4	z.	z.	PROPN
ajfa-5212	494	5	z.	z.	PROPN
ajfa-5212	494	6	,	,	PUNCT
ajfa-5212	494	7	&	&	CCONJ
ajfa-5212	494	8	jing	jing	PROPN
ajfa-5212	494	9	,	,	PUNCT
ajfa-5212	494	10	y.	y.	PROPN
ajfa-5212	494	11	k.	k.	PROPN
ajfa-5212	494	12	(	(	PUNCT
ajfa-5212	494	13	2003	2003	NUM
ajfa-5212	494	14	)	)	PUNCT
ajfa-5212	494	15	.	.	PUNCT
ajfa-5212	495	1	a	a	DET
ajfa-5212	495	2	study	study	NOUN
ajfa-5212	495	3	of	of	ADP
ajfa-5212	495	4	credit	credit	NOUN
ajfa-5212	495	5	scoring	scoring	NOUN
ajfa-5212	495	6	on	on	ADP
ajfa-5212	495	7	smes	sme	NOUN
ajfa-5212	495	8	.	.	PUNCT
ajfa-5212	496	1	credit	credit	NOUN
ajfa-5212	496	2	information	information	NOUN
ajfa-5212	496	3	,	,	PUNCT
ajfa-5212	496	4	monthly	monthly	ADV
ajfa-5212	496	5	,	,	PUNCT
ajfa-5212	496	6	oct	oct	PROPN
ajfa-5212	496	7	.	.	PROPN
ajfa-5212	496	8	joint	joint	ADJ
ajfa-5212	496	9	credit	credit	NOUN
ajfa-5212	496	10	information	information	NOUN
ajfa-5212	496	11	center	center	NOUN
ajfa-5212	496	12	.	.	PUNCT
ajfa-5212	497	1	ruan	ruan	PROPN
ajfa-5212	497	2	,	,	PUNCT
ajfa-5212	497	3	z.	z.	PROPN
ajfa-5212	497	4	z.	z.	PROPN
ajfa-5212	497	5	,	,	PUNCT
ajfa-5212	497	6	&	&	CCONJ
ajfa-5212	497	7	jiang	jiang	PROPN
ajfa-5212	497	8	,	,	PUNCT
ajfa-5212	497	9	j.	j.	PROPN
ajfa-5212	497	10	c.	c.	PROPN
ajfa-5212	497	11	(	(	PUNCT
ajfa-5212	497	12	2004	2004	NUM
ajfa-5212	497	13	)	)	PUNCT
ajfa-5212	497	14	.	.	PUNCT
ajfa-5212	498	1	building	building	NOUN
ajfa-5212	498	2	and	and	CCONJ
ajfa-5212	498	3	verification	verification	NOUN
ajfa-5212	498	4	of	of	ADP
ajfa-5212	498	5	the	the	DET
ajfa-5212	498	6	credit	credit	NOUN
ajfa-5212	498	7	scoring	scoring	NOUN
ajfa-5212	498	8	model	model	NOUN
ajfa-5212	498	9	on	on	ADP
ajfa-5212	498	10	taiwan	taiwan	PROPN
ajfa-5212	498	11	enterprises	enterprise	NOUN
ajfa-5212	498	12	.	.	PUNCT
ajfa-5212	499	1	credit	credit	NOUN
ajfa-5212	499	2	information	information	NOUN
ajfa-5212	499	3	monthly	monthly	ADV
ajfa-5212	499	4	,	,	PUNCT
ajfa-5212	499	5	june	june	PROPN
ajfa-5212	499	6	.	.	PUNCT
ajfa-5212	500	1	joint	joint	ADJ
ajfa-5212	500	2	credit	credit	NOUN
ajfa-5212	500	3	information	information	NOUN
ajfa-5212	500	4	center	center	NOUN
ajfa-5212	500	5	.	.	PUNCT
ajfa-5212	501	1	shen	shen	PROPN
ajfa-5212	501	2	,	,	PUNCT
ajfa-5212	501	3	c.	c.	PROPN
ajfa-5212	501	4	h.	h.	PROPN
ajfa-5212	501	5	,	,	PUNCT
ajfa-5212	501	6	&	&	CCONJ
ajfa-5212	501	7	wang	wang	PROPN
ajfa-5212	501	8	,	,	PUNCT
ajfa-5212	501	9	j.	j.	PROPN
ajfa-5212	501	10	a.	a.	PROPN
ajfa-5212	501	11	(	(	PUNCT
ajfa-5212	501	12	2005	2005	NUM
ajfa-5212	501	13	)	)	PUNCT
ajfa-5212	501	14	.	.	PUNCT
ajfa-5212	502	1	does	do	AUX
ajfa-5212	502	2	bank	bank	NOUN
ajfa-5212	502	3	relationship	relationship	NOUN
ajfa-5212	502	4	matter	matter	NOUN
ajfa-5212	502	5	for	for	ADP
ajfa-5212	502	6	a	a	DET
ajfa-5212	502	7	firm	firm	ADJ
ajfa-5212	502	8	investment	investment	NOUN
ajfa-5212	502	9	and	and	CCONJ
ajfa-5212	502	10	financial	financial	ADJ
ajfa-5212	502	11	constraints	constraint	NOUN
ajfa-5212	502	12	?	?	PUNCT
ajfa-5212	503	1	–	–	PUNCT
ajfa-5212	503	2	the	the	DET
ajfa-5212	503	3	case	case	NOUN
ajfa-5212	503	4	of	of	ADP
ajfa-5212	503	5	taiwan	taiwan	PROPN
ajfa-5212	503	6	.	.	PUNCT
ajfa-5212	504	1	pacific	pacific	ADJ
ajfa-5212	504	2	-	-	PUNCT
ajfa-5212	504	3	basin	basin	NOUN
ajfa-5212	504	4	finance	finance	NOUN
ajfa-5212	504	5	journal	journal	NOUN
ajfa-5212	504	6	,	,	PUNCT
ajfa-5212	504	7	13	13	NUM
ajfa-5212	504	8	,	,	PUNCT
ajfa-5212	504	9	163~184	163~184	NUM
ajfa-5212	504	10	.	.	PUNCT
ajfa-5212	505	1	http://dx.doi.org/10.1016/j.pacfin.2004.07.004	http://dx.doi.org/10.1016/j.pacfin.2004.07.004	PROPN
ajfa-5212	505	2	zhang	zhang	PROPN
ajfa-5212	505	3	,	,	PUNCT
ajfa-5212	505	4	d.	d.	PROPN
ajfa-5212	505	5	c.	c.	PROPN
ajfa-5212	505	6	,	,	PUNCT
ajfa-5212	505	7	lin	lin	PROPN
ajfa-5212	505	8	,	,	PUNCT
ajfa-5212	505	9	y.	y.	PROPN
ajfa-5212	505	10	l.	l.	PROPN
ajfa-5212	505	11	&	&	CCONJ
ajfa-5212	505	12	huang	huang	PROPN
ajfa-5212	505	13	j.	j.	PROPN
ajfa-5212	505	14	k.	k.	PROPN
ajfa-5212	505	15	(	(	PUNCT
ajfa-5212	505	16	2006	2006	NUM
ajfa-5212	505	17	)	)	PUNCT
ajfa-5212	505	18	.	.	PUNCT
ajfa-5212	506	1	industrial	industrial	ADJ
ajfa-5212	506	2	differences	difference	NOUN
ajfa-5212	506	3	and	and	CCONJ
ajfa-5212	506	4	enterprise	enterprise	NOUN
ajfa-5212	506	5	financial	financial	ADJ
ajfa-5212	506	6	crisis	crisis	NOUN
ajfa-5212	506	7	model	model	NOUN
ajfa-5212	506	8	.	.	PUNCT
ajfa-5212	507	1	taiwan	taiwan	PROPN
ajfa-5212	507	2	banking	banking	PROPN
ajfa-5212	507	3	and	and	CCONJ
ajfa-5212	507	4	finance	finance	NOUN
ajfa-5212	507	5	quarterly	quarterly	ADV
ajfa-5212	507	6	,	,	PUNCT
ajfa-5212	507	7	7(4	7(4	NUM
ajfa-5212	507	8	)	)	PUNCT
ajfa-5212	507	9	,	,	PUNCT
ajfa-5212	507	10	1	1	NUM
ajfa-5212	507	11	-	-	SYM
ajfa-5212	507	12	26	26	NUM
ajfa-5212	507	13	.	.	PUNCT
ajfa-5212	508	1	zeng	zeng	PROPN
ajfa-5212	508	2	,	,	PUNCT
ajfa-5212	508	3	x.	x.	PROPN
ajfa-5212	508	4	h.	h.	PROPN
ajfa-5212	508	5	,	,	PUNCT
ajfa-5212	508	6	sun	sun	PROPN
ajfa-5212	508	7	,	,	PUNCT
ajfa-5212	508	8	y.z	y.z	PROPN
ajfa-5212	508	9	.	.	PROPN
ajfa-5212	508	10	,	,	PUNCT
ajfa-5212	508	11	&	&	CCONJ
ajfa-5212	508	12	wu	wu	PROPN
ajfa-5212	508	13	,	,	PUNCT
ajfa-5212	508	14	r.	r.	PROPN
ajfa-5212	508	15	s.	s.	PROPN
ajfa-5212	508	16	(	(	PUNCT
ajfa-5212	508	17	2009	2009	NUM
ajfa-5212	508	18	)	)	PUNCT
ajfa-5212	508	19	.	.	PUNCT
ajfa-5212	509	1	an	an	DET
ajfa-5212	509	2	analysis	analysis	NOUN
ajfa-5212	509	3	of	of	ADP
ajfa-5212	509	4	corporate	corporate	ADJ
ajfa-5212	509	5	crisis	crisis	NOUN
ajfa-5212	509	6	warning	warning	NOUN
ajfa-5212	509	7	-	-	PUNCT
ajfa-5212	509	8	a	a	DET
ajfa-5212	509	9	logit	logit	NOUN
ajfa-5212	509	10	modeling	model	VERB
ajfa-5212	509	11	empirical	empirical	ADJ
ajfa-5212	509	12	test	test	NOUN
ajfa-5212	509	13	with	with	ADP
ajfa-5212	509	14	financial	financial	ADJ
ajfa-5212	509	15	indicators	indicator	NOUN
ajfa-5212	509	16	.	.	PUNCT
ajfa-5212	510	1	bank	bank	NOUN
ajfa-5212	510	2	of	of	ADP
ajfa-5212	510	3	taiwan	taiwan	PROPN
ajfa-5212	510	4	quarterly	quarterly	PROPN
ajfa-5212	510	5	,	,	PUNCT
ajfa-5212	510	6	60(2	60(2	NUM
ajfa-5212	510	7	)	)	PUNCT
ajfa-5212	510	8	,	,	PUNCT
ajfa-5212	510	9	154	154	NUM
ajfa-5212	510	10	-	-	SYM
ajfa-5212	510	11	186	186	NUM
ajfa-5212	510	12	.	.	PUNCT