id	sid	tid	token	lemma	pos
ajfa-5314	1	1	microsoft	microsoft	PROPN
ajfa-5314	1	2	word	word	NOUN
ajfa-5314	1	3	5314-19246-1-sm-new-final.docx	5314-19246-1-sm-new-final.docx	PROPN
ajfa-5314	1	4	asian	asian	ADJ
ajfa-5314	1	5	journal	journal	NOUN
ajfa-5314	1	6	of	of	ADP
ajfa-5314	1	7	finance	finance	PROPN
ajfa-5314	1	8	&	&	CCONJ
ajfa-5314	1	9	accounting	accounting	PROPN
ajfa-5314	1	10	issn	issn	PROPN
ajfa-5314	1	11	1946	1946	NUM
ajfa-5314	1	12	-	-	PUNCT
ajfa-5314	1	13	052x	052x	PROPN
ajfa-5314	1	14	2014	2014	NUM
ajfa-5314	1	15	,	,	PUNCT
ajfa-5314	1	16	vol	vol	NOUN
ajfa-5314	1	17	.	.	PROPN
ajfa-5314	1	18	6	6	NUM
ajfa-5314	1	19	,	,	PUNCT
ajfa-5314	1	20	no	no	INTJ
ajfa-5314	1	21	.	.	NOUN
ajfa-5314	1	22	1	1	NUM
ajfa-5314	1	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5314	1	24	236	236	NUM
ajfa-5314	1	25	the	the	DET
ajfa-5314	1	26	effects	effect	NOUN
ajfa-5314	1	27	of	of	ADP
ajfa-5314	1	28	the	the	DET
ajfa-5314	1	29	financial	financial	ADJ
ajfa-5314	1	30	crisis	crisis	NOUN
ajfa-5314	1	31	on	on	ADP
ajfa-5314	1	32	the	the	DET
ajfa-5314	1	33	financial	financial	ADJ
ajfa-5314	1	34	performance	performance	NOUN
ajfa-5314	1	35	of	of	ADP
ajfa-5314	1	36	malaysian	malaysian	ADJ
ajfa-5314	1	37	companies	company	NOUN
ajfa-5314	1	38	dr	dr	PROPN
ajfa-5314	1	39	.	.	PROPN
ajfa-5314	1	40	ben	ben	PROPN
ajfa-5314	1	41	chin	chin	PROPN
ajfa-5314	1	42	-	-	PUNCT
ajfa-5314	1	43	fook	fook	NOUN
ajfa-5314	1	44	yap	yap	PROPN
ajfa-5314	1	45	assistant	assistant	NOUN
ajfa-5314	1	46	professor	professor	NOUN
ajfa-5314	1	47	,	,	PUNCT
ajfa-5314	1	48	universiti	universiti	PROPN
ajfa-5314	1	49	tun	tun	PROPN
ajfa-5314	1	50	abdul	abdul	PROPN
ajfa-5314	1	51	razak	razak	PROPN
ajfa-5314	1	52	e	e	PROPN
ajfa-5314	1	53	-	-	NOUN
ajfa-5314	1	54	mail	mail	NOUN
ajfa-5314	1	55	:	:	PUNCT
ajfa-5314	1	56	benyap@unirazak.edu.my	benyap@unirazak.edu.my	PROPN
ajfa-5314	1	57	dr	dr	PROPN
ajfa-5314	1	58	.	.	PROPN
ajfa-5314	1	59	zulkifflee	zulkifflee	PROPN
ajfa-5314	1	60	mohamed	mohamed	PROPN
ajfa-5314	1	61	assistant	assistant	PROPN
ajfa-5314	1	62	professor	professor	PROPN
ajfa-5314	1	63	,	,	PUNCT
ajfa-5314	1	64	universiti	universiti	PROPN
ajfa-5314	1	65	tun	tun	PROPN
ajfa-5314	1	66	abdul	abdul	PROPN
ajfa-5314	1	67	razak	razak	PROPN
ajfa-5314	1	68	e	e	PROPN
ajfa-5314	1	69	-	-	NOUN
ajfa-5314	1	70	mail	mail	NOUN
ajfa-5314	1	71	:	:	PUNCT
ajfa-5314	1	72	zulkifflee@unirazak.edu.my	zulkifflee@unirazak.edu.my	X
ajfa-5314	1	73	k	k	PROPN
ajfa-5314	1	74	-	-	PUNCT
ajfa-5314	1	75	rine	rine	PROPN
ajfa-5314	1	76	chong	chong	PROPN
ajfa-5314	1	77	assistant	assistant	PROPN
ajfa-5314	1	78	lecturer	lecturer	PROPN
ajfa-5314	1	79	,	,	PUNCT
ajfa-5314	1	80	universiti	universiti	PROPN
ajfa-5314	1	81	tun	tun	PROPN
ajfa-5314	1	82	abdul	abdul	PROPN
ajfa-5314	1	83	razak	razak	PROPN
ajfa-5314	1	84	e	e	PROPN
ajfa-5314	1	85	-	-	NOUN
ajfa-5314	1	86	mail	mail	NOUN
ajfa-5314	1	87	:	:	PUNCT
ajfa-5314	1	88	krine@unirazak.edu.my	krine@unirazak.edu.my	PROPN
ajfa-5314	1	89	received	receive	VERB
ajfa-5314	1	90	:	:	PUNCT
ajfa-5314	1	91	march	march	PROPN
ajfa-5314	1	92	15	15	NUM
ajfa-5314	1	93	,	,	PUNCT
ajfa-5314	1	94	2014	2014	NUM
ajfa-5314	1	95	accepted	accept	VERB
ajfa-5314	1	96	:	:	PUNCT
ajfa-5314	1	97	april	april	PROPN
ajfa-5314	1	98	8	8	NUM
ajfa-5314	1	99	,	,	PUNCT
ajfa-5314	1	100	2014	2014	NUM
ajfa-5314	1	101	published	publish	VERB
ajfa-5314	1	102	:	:	PUNCT
ajfa-5314	1	103	june	june	PROPN
ajfa-5314	1	104	1	1	NUM
ajfa-5314	1	105	,	,	PUNCT
ajfa-5314	1	106	2014	2014	NUM
ajfa-5314	1	107	doi:10.5296	doi:10.5296	NOUN
ajfa-5314	1	108	/	/	SYM
ajfa-5314	1	109	ajfa.v6i1.5314	ajfa.v6i1.5314	NUM
ajfa-5314	1	110	url	url	NOUN
ajfa-5314	1	111	:	:	PUNCT
ajfa-5314	1	112	http://dx.doi.org/10.5296/ajfa.v6i1.5314	http://dx.doi.org/10.5296/ajfa.v6i1.5314	PROPN
ajfa-5314	1	113	abstract	abstract	VERB
ajfa-5314	1	114	the	the	DET
ajfa-5314	1	115	2007/08	2007/08	NUM
ajfa-5314	1	116	financial	financial	ADJ
ajfa-5314	1	117	crisis	crisis	NOUN
ajfa-5314	1	118	which	which	PRON
ajfa-5314	1	119	began	begin	VERB
ajfa-5314	1	120	in	in	ADP
ajfa-5314	1	121	the	the	DET
ajfa-5314	1	122	united	united	PROPN
ajfa-5314	1	123	states	states	PROPN
ajfa-5314	1	124	was	be	AUX
ajfa-5314	1	125	not	not	PART
ajfa-5314	1	126	felt	feel	VERB
ajfa-5314	1	127	in	in	ADP
ajfa-5314	1	128	malaysia	malaysia	PROPN
ajfa-5314	1	129	until	until	ADP
ajfa-5314	1	130	the	the	DET
ajfa-5314	1	131	last	last	ADJ
ajfa-5314	1	132	quarter	quarter	NOUN
ajfa-5314	1	133	of	of	ADP
ajfa-5314	1	134	2008	2008	NUM
ajfa-5314	1	135	where	where	SCONJ
ajfa-5314	1	136	gdp	gdp	NOUN
ajfa-5314	1	137	stalled	stall	VERB
ajfa-5314	1	138	and	and	CCONJ
ajfa-5314	1	139	then	then	ADV
ajfa-5314	1	140	began	begin	VERB
ajfa-5314	1	141	to	to	PART
ajfa-5314	1	142	fall	fall	VERB
ajfa-5314	1	143	.	.	PUNCT
ajfa-5314	2	1	the	the	DET
ajfa-5314	2	2	country	country	NOUN
ajfa-5314	2	3	has	have	VERB
ajfa-5314	2	4	a	a	DET
ajfa-5314	2	5	high	high	ADJ
ajfa-5314	2	6	export	export	NOUN
ajfa-5314	2	7	to	to	ADP
ajfa-5314	2	8	gdp	gdp	NOUN
ajfa-5314	2	9	ratio	ratio	NOUN
ajfa-5314	2	10	and	and	CCONJ
ajfa-5314	2	11	in	in	ADP
ajfa-5314	2	12	2009	2009	NUM
ajfa-5314	2	13	the	the	DET
ajfa-5314	2	14	contraction	contraction	NOUN
ajfa-5314	2	15	in	in	ADP
ajfa-5314	2	16	manufacturing	manufacturing	NOUN
ajfa-5314	2	17	exports	export	NOUN
ajfa-5314	2	18	was	be	AUX
ajfa-5314	2	19	steep	steep	ADJ
ajfa-5314	2	20	.	.	PUNCT
ajfa-5314	3	1	this	this	DET
ajfa-5314	3	2	paper	paper	NOUN
ajfa-5314	3	3	investigates	investigate	VERB
ajfa-5314	3	4	the	the	DET
ajfa-5314	3	5	effects	effect	NOUN
ajfa-5314	3	6	of	of	ADP
ajfa-5314	3	7	the	the	DET
ajfa-5314	3	8	crisis	crisis	NOUN
ajfa-5314	3	9	on	on	ADP
ajfa-5314	3	10	the	the	DET
ajfa-5314	3	11	financial	financial	ADJ
ajfa-5314	3	12	performance	performance	NOUN
ajfa-5314	3	13	of	of	ADP
ajfa-5314	3	14	70	70	NUM
ajfa-5314	3	15	companies	company	NOUN
ajfa-5314	3	16	in	in	ADP
ajfa-5314	3	17	the	the	DET
ajfa-5314	3	18	manufacturing	manufacturing	NOUN
ajfa-5314	3	19	sector	sector	NOUN
ajfa-5314	3	20	over	over	ADP
ajfa-5314	3	21	a	a	DET
ajfa-5314	3	22	period	period	NOUN
ajfa-5314	3	23	of	of	ADP
ajfa-5314	3	24	5	5	NUM
ajfa-5314	3	25	years	year	NOUN
ajfa-5314	3	26	from	from	ADP
ajfa-5314	3	27	2006	2006	NUM
ajfa-5314	3	28	to	to	ADP
ajfa-5314	3	29	2010	2010	NUM
ajfa-5314	3	30	.	.	PUNCT
ajfa-5314	4	1	using	use	VERB
ajfa-5314	4	2	factor	factor	NOUN
ajfa-5314	4	3	analysis	analysis	NOUN
ajfa-5314	4	4	,	,	PUNCT
ajfa-5314	4	5	an	an	DET
ajfa-5314	4	6	initial	initial	ADJ
ajfa-5314	4	7	set	set	NOUN
ajfa-5314	4	8	of	of	ADP
ajfa-5314	4	9	21	21	NUM
ajfa-5314	4	10	financial	financial	ADJ
ajfa-5314	4	11	ratios	ratio	NOUN
ajfa-5314	4	12	was	be	AUX
ajfa-5314	4	13	reduced	reduce	VERB
ajfa-5314	4	14	to	to	ADP
ajfa-5314	4	15	just	just	ADV
ajfa-5314	4	16	six	six	NUM
ajfa-5314	4	17	significant	significant	ADJ
ajfa-5314	4	18	ratios	ratio	NOUN
ajfa-5314	4	19	.	.	PUNCT
ajfa-5314	5	1	using	use	VERB
ajfa-5314	5	2	this	this	DET
ajfa-5314	5	3	smaller	small	ADJ
ajfa-5314	5	4	set	set	NOUN
ajfa-5314	5	5	of	of	ADP
ajfa-5314	5	6	representative	representative	ADJ
ajfa-5314	5	7	ratios	ratio	NOUN
ajfa-5314	5	8	,	,	PUNCT
ajfa-5314	5	9	the	the	DET
ajfa-5314	5	10	sample	sample	NOUN
ajfa-5314	5	11	companies	company	NOUN
ajfa-5314	5	12	were	be	AUX
ajfa-5314	5	13	cluster	cluster	NOUN
ajfa-5314	5	14	analyzed	analyze	VERB
ajfa-5314	5	15	into	into	ADP
ajfa-5314	5	16	4	4	NUM
ajfa-5314	5	17	categories	category	NOUN
ajfa-5314	5	18	of	of	ADP
ajfa-5314	5	19	poor	poor	ADJ
ajfa-5314	5	20	,	,	PUNCT
ajfa-5314	5	21	below	below	ADP
ajfa-5314	5	22	average	average	ADJ
ajfa-5314	5	23	,	,	PUNCT
ajfa-5314	5	24	above	above	ADP
ajfa-5314	5	25	average	average	ADJ
ajfa-5314	5	26	and	and	CCONJ
ajfa-5314	5	27	good	good	ADJ
ajfa-5314	5	28	financial	financial	ADJ
ajfa-5314	5	29	performers	performer	NOUN
ajfa-5314	5	30	.	.	PUNCT
ajfa-5314	6	1	the	the	DET
ajfa-5314	6	2	results	result	NOUN
ajfa-5314	6	3	showed	show	VERB
ajfa-5314	6	4	that	that	SCONJ
ajfa-5314	6	5	there	there	PRON
ajfa-5314	6	6	is	be	VERB
ajfa-5314	6	7	a	a	DET
ajfa-5314	6	8	direct	direct	ADJ
ajfa-5314	6	9	effect	effect	NOUN
ajfa-5314	6	10	of	of	ADP
ajfa-5314	6	11	the	the	DET
ajfa-5314	6	12	financial	financial	ADJ
ajfa-5314	6	13	crisis	crisis	NOUN
ajfa-5314	6	14	on	on	ADP
ajfa-5314	6	15	the	the	DET
ajfa-5314	6	16	financials	financial	NOUN
ajfa-5314	6	17	of	of	ADP
ajfa-5314	6	18	companies	company	NOUN
ajfa-5314	6	19	in	in	ADP
ajfa-5314	6	20	the	the	DET
ajfa-5314	6	21	study	study	NOUN
ajfa-5314	6	22	where	where	SCONJ
ajfa-5314	6	23	46	46	NUM
ajfa-5314	6	24	companies	company	NOUN
ajfa-5314	6	25	categorized	categorize	VERB
ajfa-5314	6	26	as	as	ADP
ajfa-5314	6	27	good	good	ADJ
ajfa-5314	6	28	in	in	ADP
ajfa-5314	6	29	2006	2006	NUM
ajfa-5314	6	30	fell	fall	VERB
ajfa-5314	6	31	to	to	ADP
ajfa-5314	6	32	just	just	ADV
ajfa-5314	6	33	6	6	NUM
ajfa-5314	6	34	in	in	ADP
ajfa-5314	6	35	2010	2010	NUM
ajfa-5314	6	36	while	while	SCONJ
ajfa-5314	6	37	7	7	NUM
ajfa-5314	6	38	companies	company	NOUN
ajfa-5314	6	39	in	in	ADP
ajfa-5314	6	40	the	the	DET
ajfa-5314	6	41	poor	poor	ADJ
ajfa-5314	6	42	category	category	NOUN
ajfa-5314	6	43	increased	increase	VERB
ajfa-5314	6	44	to	to	ADP
ajfa-5314	6	45	27	27	NUM
ajfa-5314	6	46	during	during	ADP
ajfa-5314	6	47	the	the	DET
ajfa-5314	6	48	same	same	ADJ
ajfa-5314	6	49	period	period	NOUN
ajfa-5314	6	50	.	.	PUNCT
ajfa-5314	7	1	of	of	ADP
ajfa-5314	7	2	particular	particular	ADJ
ajfa-5314	7	3	concerns	concern	NOUN
ajfa-5314	7	4	would	would	AUX
ajfa-5314	7	5	be	be	AUX
ajfa-5314	7	6	the	the	DET
ajfa-5314	7	7	15	15	NUM
ajfa-5314	7	8	companies	company	NOUN
ajfa-5314	7	9	that	that	PRON
ajfa-5314	7	10	fell	fall	VERB
ajfa-5314	7	11	three	three	NUM
ajfa-5314	7	12	clusters	cluster	NOUN
ajfa-5314	7	13	down	down	ADP
ajfa-5314	7	14	from	from	ADP
ajfa-5314	7	15	good	good	ADJ
ajfa-5314	7	16	to	to	ADP
ajfa-5314	7	17	poor	poor	ADJ
ajfa-5314	7	18	performers	performer	NOUN
ajfa-5314	7	19	and	and	CCONJ
ajfa-5314	7	20	15	15	NUM
ajfa-5314	7	21	out	out	ADP
ajfa-5314	7	22	of	of	ADP
ajfa-5314	7	23	17	17	NUM
ajfa-5314	7	24	companies	company	NOUN
ajfa-5314	7	25	in	in	ADP
ajfa-5314	7	26	the	the	DET
ajfa-5314	7	27	average	average	ADJ
ajfa-5314	7	28	categories	category	NOUN
ajfa-5314	7	29	that	that	PRON
ajfa-5314	7	30	dropped	drop	VERB
ajfa-5314	7	31	into	into	ADP
ajfa-5314	7	32	the	the	DET
ajfa-5314	7	33	poor	poor	ADJ
ajfa-5314	7	34	performing	performing	NOUN
ajfa-5314	7	35	category	category	NOUN
ajfa-5314	7	36	.	.	PUNCT
ajfa-5314	8	1	a	a	DET
ajfa-5314	8	2	key	key	ADJ
ajfa-5314	8	3	finding	finding	NOUN
ajfa-5314	8	4	from	from	ADP
ajfa-5314	8	5	this	this	DET
ajfa-5314	8	6	study	study	NOUN
ajfa-5314	8	7	is	be	AUX
ajfa-5314	8	8	that	that	SCONJ
ajfa-5314	8	9	when	when	SCONJ
ajfa-5314	8	10	a	a	DET
ajfa-5314	8	11	financial	financial	ADJ
ajfa-5314	8	12	or	or	CCONJ
ajfa-5314	8	13	economic	economic	ADJ
ajfa-5314	8	14	crisis	crisis	NOUN
ajfa-5314	8	15	occurs	occur	VERB
ajfa-5314	8	16	,	,	PUNCT
ajfa-5314	8	17	most	most	ADJ
ajfa-5314	8	18	companies	company	NOUN
ajfa-5314	8	19	’	'	PUNCT
ajfa-5314	8	20	financials	financial	NOUN
ajfa-5314	8	21	would	would	AUX
ajfa-5314	8	22	be	be	AUX
ajfa-5314	8	23	severely	severely	ADV
ajfa-5314	8	24	and	and	CCONJ
ajfa-5314	8	25	adversely	adversely	ADV
ajfa-5314	8	26	impacted	impact	VERB
ajfa-5314	8	27	and	and	CCONJ
ajfa-5314	8	28	if	if	SCONJ
ajfa-5314	8	29	the	the	DET
ajfa-5314	8	30	negative	negative	ADJ
ajfa-5314	8	31	economic	economic	ADJ
ajfa-5314	8	32	conditions	condition	NOUN
ajfa-5314	8	33	do	do	AUX
ajfa-5314	8	34	not	not	PART
ajfa-5314	8	35	improve	improve	VERB
ajfa-5314	8	36	,	,	PUNCT
ajfa-5314	8	37	there	there	PRON
ajfa-5314	8	38	would	would	AUX
ajfa-5314	8	39	be	be	AUX
ajfa-5314	8	40	high	high	ADJ
ajfa-5314	8	41	probabilities	probability	NOUN
ajfa-5314	8	42	that	that	PRON
ajfa-5314	8	43	many	many	ADJ
ajfa-5314	8	44	companies	company	NOUN
ajfa-5314	8	45	would	would	AUX
ajfa-5314	8	46	face	face	VERB
ajfa-5314	8	47	liquidity	liquidity	NOUN
ajfa-5314	8	48	asian	asian	ADJ
ajfa-5314	8	49	journal	journal	NOUN
ajfa-5314	8	50	of	of	ADP
ajfa-5314	8	51	finance	finance	PROPN
ajfa-5314	8	52	&	&	CCONJ
ajfa-5314	8	53	accounting	accounting	PROPN
ajfa-5314	8	54	issn	issn	PROPN
ajfa-5314	8	55	1946	1946	NUM
ajfa-5314	8	56	-	-	PUNCT
ajfa-5314	8	57	052x	052x	PROPN
ajfa-5314	8	58	2014	2014	NUM
ajfa-5314	8	59	,	,	PUNCT
ajfa-5314	8	60	vol	vol	NOUN
ajfa-5314	8	61	.	.	PROPN
ajfa-5314	8	62	6	6	NUM
ajfa-5314	8	63	,	,	PUNCT
ajfa-5314	8	64	no	no	INTJ
ajfa-5314	8	65	.	.	NOUN
ajfa-5314	8	66	1	1	NUM
ajfa-5314	8	67	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5314	8	68	237	237	NUM
ajfa-5314	8	69	and	and	CCONJ
ajfa-5314	8	70	solvency	solvency	NOUN
ajfa-5314	8	71	issues	issue	NOUN
ajfa-5314	8	72	that	that	PRON
ajfa-5314	8	73	could	could	AUX
ajfa-5314	8	74	eventually	eventually	ADV
ajfa-5314	8	75	lead	lead	VERB
ajfa-5314	8	76	to	to	PART
ajfa-5314	8	77	collapse	collapse	VERB
ajfa-5314	8	78	and	and	CCONJ
ajfa-5314	8	79	bankruptcies	bankruptcy	NOUN
ajfa-5314	8	80	.	.	PUNCT
ajfa-5314	9	1	finally	finally	ADV
ajfa-5314	9	2	,	,	PUNCT
ajfa-5314	9	3	with	with	ADP
ajfa-5314	9	4	just	just	ADV
ajfa-5314	9	5	6	6	NUM
ajfa-5314	9	6	key	key	ADJ
ajfa-5314	9	7	financial	financial	ADJ
ajfa-5314	9	8	ratios	ratio	NOUN
ajfa-5314	9	9	,	,	PUNCT
ajfa-5314	9	10	a	a	DET
ajfa-5314	9	11	company	company	NOUN
ajfa-5314	9	12	’s	’s	PART
ajfa-5314	9	13	financial	financial	ADJ
ajfa-5314	9	14	performance	performance	NOUN
ajfa-5314	9	15	can	can	AUX
ajfa-5314	9	16	be	be	AUX
ajfa-5314	9	17	tracked	track	VERB
ajfa-5314	9	18	and	and	CCONJ
ajfa-5314	9	19	analyzed	analyze	VERB
ajfa-5314	9	20	over	over	ADP
ajfa-5314	9	21	a	a	DET
ajfa-5314	9	22	period	period	NOUN
ajfa-5314	9	23	of	of	ADP
ajfa-5314	9	24	time	time	NOUN
ajfa-5314	9	25	resulting	result	VERB
ajfa-5314	9	26	in	in	ADP
ajfa-5314	9	27	the	the	DET
ajfa-5314	9	28	enhancement	enhancement	NOUN
ajfa-5314	9	29	of	of	ADP
ajfa-5314	9	30	the	the	DET
ajfa-5314	9	31	quality	quality	NOUN
ajfa-5314	9	32	of	of	ADP
ajfa-5314	9	33	credit	credit	NOUN
ajfa-5314	9	34	evaluations	evaluation	NOUN
ajfa-5314	9	35	as	as	ADV
ajfa-5314	9	36	well	well	ADV
ajfa-5314	9	37	as	as	ADP
ajfa-5314	9	38	the	the	DET
ajfa-5314	9	39	minimizing	minimizing	NOUN
ajfa-5314	9	40	of	of	ADP
ajfa-5314	9	41	investor	investor	NOUN
ajfa-5314	9	42	risks	risk	NOUN
ajfa-5314	9	43	.	.	PUNCT
ajfa-5314	10	1	keywords	keyword	NOUN
ajfa-5314	10	2	:	:	PUNCT
ajfa-5314	10	3	financial	financial	ADJ
ajfa-5314	10	4	crisis	crisis	NOUN
ajfa-5314	10	5	,	,	PUNCT
ajfa-5314	10	6	financial	financial	ADJ
ajfa-5314	10	7	performance	performance	NOUN
ajfa-5314	10	8	,	,	PUNCT
ajfa-5314	10	9	financial	financial	ADJ
ajfa-5314	10	10	ratios	ratio	NOUN
ajfa-5314	10	11	,	,	PUNCT
ajfa-5314	10	12	factor	factor	NOUN
ajfa-5314	10	13	analysis	analysis	NOUN
ajfa-5314	10	14	and	and	CCONJ
ajfa-5314	10	15	cluster	cluster	NOUN
ajfa-5314	10	16	analysis	analysis	NOUN
ajfa-5314	10	17	jel	jel	PROPN
ajfa-5314	10	18	classifications	classification	NOUN
ajfa-5314	10	19	codes	code	NOUN
ajfa-5314	10	20	:	:	PUNCT
ajfa-5314	10	21	g33	g33	PROPN
ajfa-5314	10	22	,	,	PUNCT
ajfa-5314	10	23	c39	c39	NOUN
ajfa-5314	10	24	,	,	PUNCT
ajfa-5314	10	25	m41	m41	ADJ
ajfa-5314	10	26	asian	asian	ADJ
ajfa-5314	10	27	journal	journal	NOUN
ajfa-5314	10	28	of	of	ADP
ajfa-5314	10	29	finance	finance	PROPN
ajfa-5314	10	30	&	&	CCONJ
ajfa-5314	10	31	accounting	accounting	PROPN
ajfa-5314	10	32	issn	issn	PROPN
ajfa-5314	10	33	1946	1946	NUM
ajfa-5314	10	34	-	-	PUNCT
ajfa-5314	10	35	052x	052x	PROPN
ajfa-5314	10	36	2014	2014	NUM
ajfa-5314	10	37	,	,	PUNCT
ajfa-5314	10	38	vol	vol	NOUN
ajfa-5314	10	39	.	.	PROPN
ajfa-5314	10	40	6	6	NUM
ajfa-5314	10	41	,	,	PUNCT
ajfa-5314	10	42	no	no	INTJ
ajfa-5314	10	43	.	.	NOUN
ajfa-5314	10	44	1	1	NUM
ajfa-5314	10	45	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5314	10	46	238	238	NUM
ajfa-5314	10	47	1	1	NUM
ajfa-5314	10	48	.	.	PUNCT
ajfa-5314	11	1	introduction	introduction	NOUN
ajfa-5314	11	2	maximizing	maximize	VERB
ajfa-5314	11	3	shareholders	shareholder	NOUN
ajfa-5314	11	4	’	'	PUNCT
ajfa-5314	11	5	equity	equity	NOUN
ajfa-5314	11	6	values	value	NOUN
ajfa-5314	11	7	has	have	AUX
ajfa-5314	11	8	been	be	AUX
ajfa-5314	11	9	generally	generally	ADV
ajfa-5314	11	10	accepted	accept	VERB
ajfa-5314	11	11	as	as	ADP
ajfa-5314	11	12	one	one	NUM
ajfa-5314	11	13	of	of	ADP
ajfa-5314	11	14	the	the	DET
ajfa-5314	11	15	most	most	ADV
ajfa-5314	11	16	important	important	ADJ
ajfa-5314	11	17	objective	objective	NOUN
ajfa-5314	11	18	of	of	ADP
ajfa-5314	11	19	any	any	DET
ajfa-5314	11	20	business	business	NOUN
ajfa-5314	11	21	organization	organization	NOUN
ajfa-5314	11	22	even	even	ADV
ajfa-5314	11	23	though	though	SCONJ
ajfa-5314	11	24	this	this	DET
ajfa-5314	11	25	goal	goal	NOUN
ajfa-5314	11	26	may	may	AUX
ajfa-5314	11	27	not	not	PART
ajfa-5314	11	28	be	be	AUX
ajfa-5314	11	29	stated	state	VERB
ajfa-5314	11	30	explicitly	explicitly	ADV
ajfa-5314	11	31	.	.	PUNCT
ajfa-5314	12	1	whether	whether	SCONJ
ajfa-5314	12	2	the	the	DET
ajfa-5314	12	3	other	other	ADJ
ajfa-5314	12	4	motivations	motivation	NOUN
ajfa-5314	12	5	for	for	ADP
ajfa-5314	12	6	a	a	DET
ajfa-5314	12	7	business	business	NOUN
ajfa-5314	12	8	entity	entity	NOUN
ajfa-5314	12	9	are	be	AUX
ajfa-5314	12	10	corporate	corporate	ADJ
ajfa-5314	12	11	social	social	ADJ
ajfa-5314	12	12	responsibility	responsibility	NOUN
ajfa-5314	12	13	,	,	PUNCT
ajfa-5314	12	14	environmentally	environmentally	ADV
ajfa-5314	12	15	friendly	friendly	ADJ
ajfa-5314	12	16	policies	policy	NOUN
ajfa-5314	12	17	or	or	CCONJ
ajfa-5314	12	18	sustainable	sustainable	ADJ
ajfa-5314	12	19	business	business	NOUN
ajfa-5314	12	20	development	development	NOUN
ajfa-5314	12	21	,	,	PUNCT
ajfa-5314	12	22	maximizing	maximize	VERB
ajfa-5314	12	23	profit	profit	NOUN
ajfa-5314	12	24	will	will	AUX
ajfa-5314	12	25	still	still	ADV
ajfa-5314	12	26	be	be	AUX
ajfa-5314	12	27	a	a	DET
ajfa-5314	12	28	dominant	dominant	ADJ
ajfa-5314	12	29	factor	factor	NOUN
ajfa-5314	12	30	in	in	ADP
ajfa-5314	12	31	management	management	NOUN
ajfa-5314	12	32	decision	decision	NOUN
ajfa-5314	12	33	makings	making	NOUN
ajfa-5314	12	34	.	.	PUNCT
ajfa-5314	13	1	according	accord	VERB
ajfa-5314	13	2	to	to	ADP
ajfa-5314	13	3	hanson	hanson	PROPN
ajfa-5314	13	4	and	and	CCONJ
ajfa-5314	13	5	wernerfelt	wernerfelt	PROPN
ajfa-5314	13	6	(	(	PUNCT
ajfa-5314	13	7	1989	1989	NUM
ajfa-5314	13	8	)	)	PUNCT
ajfa-5314	13	9	,	,	PUNCT
ajfa-5314	13	10	there	there	PRON
ajfa-5314	13	11	are	be	VERB
ajfa-5314	13	12	two	two	NUM
ajfa-5314	13	13	main	main	ADJ
ajfa-5314	13	14	areas	area	NOUN
ajfa-5314	13	15	of	of	ADP
ajfa-5314	13	16	research	research	NOUN
ajfa-5314	13	17	on	on	ADP
ajfa-5314	13	18	the	the	DET
ajfa-5314	13	19	determinants	determinant	NOUN
ajfa-5314	13	20	of	of	ADP
ajfa-5314	13	21	company	company	NOUN
ajfa-5314	13	22	performance	performance	NOUN
ajfa-5314	13	23	and	and	CCONJ
ajfa-5314	13	24	success	success	NOUN
ajfa-5314	13	25	namely	namely	ADV
ajfa-5314	13	26	,	,	PUNCT
ajfa-5314	13	27	the	the	DET
ajfa-5314	13	28	external	external	ADJ
ajfa-5314	13	29	market	market	NOUN
ajfa-5314	13	30	environment	environment	NOUN
ajfa-5314	13	31	and	and	CCONJ
ajfa-5314	13	32	organizational	organizational	ADJ
ajfa-5314	13	33	factors	factor	NOUN
ajfa-5314	13	34	.	.	PUNCT
ajfa-5314	14	1	however	however	ADV
ajfa-5314	14	2	,	,	PUNCT
ajfa-5314	14	3	the	the	DET
ajfa-5314	14	4	performance	performance	NOUN
ajfa-5314	14	5	of	of	ADP
ajfa-5314	14	6	a	a	DET
ajfa-5314	14	7	company	company	NOUN
ajfa-5314	14	8	depends	depend	VERB
ajfa-5314	14	9	on	on	ADP
ajfa-5314	14	10	many	many	ADJ
ajfa-5314	14	11	factors	factor	NOUN
ajfa-5314	14	12	internal	internal	ADJ
ajfa-5314	14	13	and	and	CCONJ
ajfa-5314	14	14	external	external	ADJ
ajfa-5314	14	15	.	.	PUNCT
ajfa-5314	15	1	external	external	ADJ
ajfa-5314	15	2	factors	factor	NOUN
ajfa-5314	15	3	would	would	AUX
ajfa-5314	15	4	include	include	VERB
ajfa-5314	15	5	the	the	DET
ajfa-5314	15	6	market	market	NOUN
ajfa-5314	15	7	conditions	condition	NOUN
ajfa-5314	15	8	of	of	ADP
ajfa-5314	15	9	the	the	DET
ajfa-5314	15	10	country	country	NOUN
ajfa-5314	15	11	where	where	SCONJ
ajfa-5314	15	12	the	the	DET
ajfa-5314	15	13	company	company	NOUN
ajfa-5314	15	14	is	be	AUX
ajfa-5314	15	15	located	locate	VERB
ajfa-5314	15	16	,	,	PUNCT
ajfa-5314	15	17	government	government	NOUN
ajfa-5314	15	18	policies	policy	NOUN
ajfa-5314	15	19	and	and	CCONJ
ajfa-5314	15	20	regulations	regulation	NOUN
ajfa-5314	15	21	and	and	CCONJ
ajfa-5314	15	22	the	the	DET
ajfa-5314	15	23	country	country	NOUN
ajfa-5314	15	24	’s	’s	PART
ajfa-5314	15	25	current	current	ADJ
ajfa-5314	15	26	stage	stage	NOUN
ajfa-5314	15	27	of	of	ADP
ajfa-5314	15	28	economic	economic	ADJ
ajfa-5314	15	29	development	development	NOUN
ajfa-5314	15	30	.	.	PUNCT
ajfa-5314	16	1	internal	internal	ADJ
ajfa-5314	16	2	factors	factor	NOUN
ajfa-5314	16	3	would	would	AUX
ajfa-5314	16	4	include	include	VERB
ajfa-5314	16	5	the	the	DET
ajfa-5314	16	6	products	product	NOUN
ajfa-5314	16	7	and	and	CCONJ
ajfa-5314	16	8	services	service	NOUN
ajfa-5314	16	9	the	the	DET
ajfa-5314	16	10	company	company	NOUN
ajfa-5314	16	11	is	be	AUX
ajfa-5314	16	12	offering	offer	VERB
ajfa-5314	16	13	,	,	PUNCT
ajfa-5314	16	14	the	the	DET
ajfa-5314	16	15	financial	financial	ADJ
ajfa-5314	16	16	strength	strength	NOUN
ajfa-5314	16	17	of	of	ADP
ajfa-5314	16	18	the	the	DET
ajfa-5314	16	19	company	company	NOUN
ajfa-5314	16	20	as	as	ADV
ajfa-5314	16	21	well	well	ADV
ajfa-5314	16	22	as	as	ADP
ajfa-5314	16	23	the	the	DET
ajfa-5314	16	24	quality	quality	NOUN
ajfa-5314	16	25	of	of	ADP
ajfa-5314	16	26	its	its	PRON
ajfa-5314	16	27	management	management	NOUN
ajfa-5314	16	28	team	team	NOUN
ajfa-5314	16	29	.	.	PUNCT
ajfa-5314	17	1	during	during	ADP
ajfa-5314	17	2	normal	normal	ADJ
ajfa-5314	17	3	times	time	NOUN
ajfa-5314	17	4	,	,	PUNCT
ajfa-5314	17	5	however	however	ADV
ajfa-5314	17	6	,	,	PUNCT
ajfa-5314	17	7	poor	poor	ADJ
ajfa-5314	17	8	financial	financial	ADJ
ajfa-5314	17	9	performances	performance	NOUN
ajfa-5314	17	10	are	be	AUX
ajfa-5314	17	11	more	more	ADV
ajfa-5314	17	12	likely	likely	ADJ
ajfa-5314	17	13	to	to	PART
ajfa-5314	17	14	be	be	AUX
ajfa-5314	17	15	caused	cause	VERB
ajfa-5314	17	16	by	by	ADP
ajfa-5314	17	17	falling	fall	VERB
ajfa-5314	17	18	profits	profit	NOUN
ajfa-5314	17	19	or	or	CCONJ
ajfa-5314	17	20	losses	loss	NOUN
ajfa-5314	17	21	for	for	ADP
ajfa-5314	17	22	several	several	ADJ
ajfa-5314	17	23	years	year	NOUN
ajfa-5314	17	24	in	in	ADP
ajfa-5314	17	25	succession	succession	NOUN
ajfa-5314	17	26	,	,	PUNCT
ajfa-5314	17	27	excessive	excessive	ADJ
ajfa-5314	17	28	debts	debt	NOUN
ajfa-5314	17	29	,	,	PUNCT
ajfa-5314	17	30	insufficient	insufficient	ADJ
ajfa-5314	17	31	working	working	NOUN
ajfa-5314	17	32	capital	capital	NOUN
ajfa-5314	17	33	,	,	PUNCT
ajfa-5314	17	34	managerial	managerial	ADJ
ajfa-5314	17	35	errors	error	NOUN
ajfa-5314	17	36	and	and	CCONJ
ajfa-5314	17	37	misjudgements	misjudgement	NOUN
ajfa-5314	17	38	,	,	PUNCT
ajfa-5314	17	39	though	though	SCONJ
ajfa-5314	17	40	management	management	NOUN
ajfa-5314	17	41	frauds	fraud	NOUN
ajfa-5314	17	42	have	have	AUX
ajfa-5314	17	43	surfaced	surface	VERB
ajfa-5314	17	44	now	now	ADV
ajfa-5314	17	45	and	and	CCONJ
ajfa-5314	17	46	then	then	ADV
ajfa-5314	17	47	and	and	CCONJ
ajfa-5314	17	48	recently	recently	ADV
ajfa-5314	17	49	involving	involve	VERB
ajfa-5314	17	50	large	large	ADJ
ajfa-5314	17	51	multinationals	multinational	NOUN
ajfa-5314	17	52	.	.	PUNCT
ajfa-5314	18	1	an	an	DET
ajfa-5314	18	2	economic	economic	ADJ
ajfa-5314	18	3	downturn	downturn	NOUN
ajfa-5314	18	4	like	like	ADP
ajfa-5314	18	5	the	the	DET
ajfa-5314	18	6	1997	1997	NUM
ajfa-5314	18	7	-	-	SYM
ajfa-5314	18	8	98	98	NUM
ajfa-5314	18	9	asian	asian	ADJ
ajfa-5314	18	10	financial	financial	ADJ
ajfa-5314	18	11	crises	crisis	NOUN
ajfa-5314	18	12	resulted	result	VERB
ajfa-5314	18	13	in	in	ADP
ajfa-5314	18	14	dampened	dampen	VERB
ajfa-5314	18	15	business	business	NOUN
ajfa-5314	18	16	confidence	confidence	NOUN
ajfa-5314	18	17	,	,	PUNCT
ajfa-5314	18	18	poorer	poor	ADJ
ajfa-5314	18	19	company	company	NOUN
ajfa-5314	18	20	financial	financial	ADJ
ajfa-5314	18	21	performance	performance	NOUN
ajfa-5314	18	22	and	and	CCONJ
ajfa-5314	18	23	increased	increase	VERB
ajfa-5314	18	24	company	company	NOUN
ajfa-5314	18	25	bankruptcies	bankruptcy	NOUN
ajfa-5314	18	26	.	.	PUNCT
ajfa-5314	19	1	in	in	ADP
ajfa-5314	19	2	a	a	DET
ajfa-5314	19	3	study	study	NOUN
ajfa-5314	19	4	by	by	ADP
ajfa-5314	19	5	cirmizi	cirmizi	PROPN
ajfa-5314	19	6	,	,	PUNCT
ajfa-5314	19	7	klapper	klapper	NOUN
ajfa-5314	19	8	and	and	CCONJ
ajfa-5314	19	9	uttamchandani	uttamchandani	NOUN
ajfa-5314	19	10	(	(	PUNCT
ajfa-5314	19	11	2012	2012	NUM
ajfa-5314	19	12	)	)	PUNCT
ajfa-5314	19	13	,	,	PUNCT
ajfa-5314	19	14	the	the	DET
ajfa-5314	19	15	2007/2008	2007/2008	NUM
ajfa-5314	19	16	financial	financial	ADJ
ajfa-5314	19	17	crisis	crisis	NOUN
ajfa-5314	19	18	affected	affect	VERB
ajfa-5314	19	19	companies	company	NOUN
ajfa-5314	19	20	around	around	ADP
ajfa-5314	19	21	the	the	DET
ajfa-5314	19	22	world	world	NOUN
ajfa-5314	19	23	resulting	result	VERB
ajfa-5314	19	24	in	in	ADP
ajfa-5314	19	25	reduced	reduced	ADJ
ajfa-5314	19	26	demand	demand	NOUN
ajfa-5314	19	27	for	for	ADP
ajfa-5314	19	28	goods	good	NOUN
ajfa-5314	19	29	and	and	CCONJ
ajfa-5314	19	30	services	service	NOUN
ajfa-5314	19	31	,	,	PUNCT
ajfa-5314	19	32	contraction	contraction	NOUN
ajfa-5314	19	33	in	in	ADP
ajfa-5314	19	34	availability	availability	NOUN
ajfa-5314	19	35	of	of	ADP
ajfa-5314	19	36	business	business	NOUN
ajfa-5314	19	37	financing	financing	NOUN
ajfa-5314	19	38	and	and	CCONJ
ajfa-5314	19	39	a	a	DET
ajfa-5314	19	40	declining	decline	VERB
ajfa-5314	19	41	flow	flow	NOUN
ajfa-5314	19	42	of	of	ADP
ajfa-5314	19	43	inter	inter	ADJ
ajfa-5314	19	44	-	-	ADJ
ajfa-5314	19	45	border	border	ADJ
ajfa-5314	19	46	investment	investment	NOUN
ajfa-5314	19	47	funds	fund	NOUN
ajfa-5314	19	48	.	.	PUNCT
ajfa-5314	20	1	there	there	PRON
ajfa-5314	20	2	was	be	VERB
ajfa-5314	20	3	an	an	DET
ajfa-5314	20	4	increase	increase	NOUN
ajfa-5314	20	5	in	in	ADP
ajfa-5314	20	6	the	the	DET
ajfa-5314	20	7	level	level	NOUN
ajfa-5314	20	8	of	of	ADP
ajfa-5314	20	9	insolvency	insolvency	NOUN
ajfa-5314	20	10	among	among	ADP
ajfa-5314	20	11	business	business	NOUN
ajfa-5314	20	12	entities	entity	NOUN
ajfa-5314	20	13	due	due	ADJ
ajfa-5314	20	14	to	to	ADP
ajfa-5314	20	15	declining	decline	VERB
ajfa-5314	20	16	demand	demand	NOUN
ajfa-5314	20	17	for	for	ADP
ajfa-5314	20	18	goods	good	NOUN
ajfa-5314	20	19	and	and	CCONJ
ajfa-5314	20	20	services	service	NOUN
ajfa-5314	20	21	and	and	CCONJ
ajfa-5314	20	22	decreasing	decrease	VERB
ajfa-5314	20	23	availability	availability	NOUN
ajfa-5314	20	24	of	of	ADP
ajfa-5314	20	25	external	external	ADJ
ajfa-5314	20	26	finance	finance	NOUN
ajfa-5314	20	27	.	.	PUNCT
ajfa-5314	21	1	another	another	DET
ajfa-5314	21	2	study	study	NOUN
ajfa-5314	21	3	by	by	ADP
ajfa-5314	21	4	erkens	erken	NOUN
ajfa-5314	21	5	,	,	PUNCT
ajfa-5314	21	6	hung	hung	ADJ
ajfa-5314	21	7	and	and	CCONJ
ajfa-5314	21	8	matos	matos	PROPN
ajfa-5314	21	9	(	(	PUNCT
ajfa-5314	21	10	2012	2012	NUM
ajfa-5314	21	11	)	)	PUNCT
ajfa-5314	21	12	stated	state	VERB
ajfa-5314	21	13	that	that	SCONJ
ajfa-5314	21	14	due	due	ADP
ajfa-5314	21	15	to	to	ADP
ajfa-5314	21	16	the	the	DET
ajfa-5314	21	17	large	large	ADJ
ajfa-5314	21	18	numbers	number	NOUN
ajfa-5314	21	19	of	of	ADP
ajfa-5314	21	20	collapses	collapse	NOUN
ajfa-5314	21	21	in	in	ADP
ajfa-5314	21	22	the	the	DET
ajfa-5314	21	23	financial	financial	ADJ
ajfa-5314	21	24	institutions	institution	NOUN
ajfa-5314	21	25	around	around	ADP
ajfa-5314	21	26	the	the	DET
ajfa-5314	21	27	world	world	NOUN
ajfa-5314	21	28	,	,	PUNCT
ajfa-5314	21	29	there	there	PRON
ajfa-5314	21	30	was	be	VERB
ajfa-5314	21	31	a	a	DET
ajfa-5314	21	32	freeze	freeze	NOUN
ajfa-5314	21	33	of	of	ADP
ajfa-5314	21	34	global	global	ADJ
ajfa-5314	21	35	credit	credit	NOUN
ajfa-5314	21	36	markets	market	NOUN
ajfa-5314	21	37	that	that	PRON
ajfa-5314	21	38	requires	require	VERB
ajfa-5314	21	39	widespread	widespread	ADJ
ajfa-5314	21	40	government	government	NOUN
ajfa-5314	21	41	interventions	intervention	NOUN
ajfa-5314	21	42	.	.	PUNCT
ajfa-5314	22	1	shama	shama	NOUN
ajfa-5314	22	2	(	(	PUNCT
ajfa-5314	22	3	1978	1978	NUM
ajfa-5314	22	4	)	)	PUNCT
ajfa-5314	22	5	found	find	VERB
ajfa-5314	22	6	that	that	SCONJ
ajfa-5314	22	7	consumers	consumer	NOUN
ajfa-5314	22	8	felt	feel	VERB
ajfa-5314	22	9	more	more	ADV
ajfa-5314	22	10	insecure	insecure	ADJ
ajfa-5314	22	11	over	over	ADP
ajfa-5314	22	12	their	their	PRON
ajfa-5314	22	13	employment	employment	NOUN
ajfa-5314	22	14	during	during	ADP
ajfa-5314	22	15	economic	economic	ADJ
ajfa-5314	22	16	slowdowns	slowdown	NOUN
ajfa-5314	22	17	and	and	CCONJ
ajfa-5314	22	18	their	their	PRON
ajfa-5314	22	19	buying	buying	NOUN
ajfa-5314	22	20	behavior	behavior	NOUN
ajfa-5314	22	21	changes	change	VERB
ajfa-5314	22	22	with	with	ADP
ajfa-5314	22	23	the	the	DET
ajfa-5314	22	24	changing	change	VERB
ajfa-5314	22	25	economic	economic	ADJ
ajfa-5314	22	26	conditions	condition	NOUN
ajfa-5314	22	27	.	.	PUNCT
ajfa-5314	23	1	companies	company	NOUN
ajfa-5314	23	2	that	that	PRON
ajfa-5314	23	3	are	be	AUX
ajfa-5314	23	4	affected	affect	VERB
ajfa-5314	23	5	more	more	ADV
ajfa-5314	23	6	severely	severely	ADV
ajfa-5314	23	7	during	during	ADP
ajfa-5314	23	8	economic	economic	ADJ
ajfa-5314	23	9	crisis	crisis	NOUN
ajfa-5314	23	10	may	may	AUX
ajfa-5314	23	11	be	be	AUX
ajfa-5314	23	12	forced	force	VERB
ajfa-5314	23	13	to	to	PART
ajfa-5314	23	14	liquidate	liquidate	VERB
ajfa-5314	23	15	and	and	CCONJ
ajfa-5314	23	16	cease	cease	VERB
ajfa-5314	23	17	business	business	NOUN
ajfa-5314	23	18	,	,	PUNCT
ajfa-5314	23	19	while	while	SCONJ
ajfa-5314	23	20	others	other	NOUN
ajfa-5314	23	21	affected	affect	VERB
ajfa-5314	23	22	less	less	ADV
ajfa-5314	23	23	severely	severely	ADV
ajfa-5314	23	24	may	may	AUX
ajfa-5314	23	25	have	have	VERB
ajfa-5314	23	26	to	to	PART
ajfa-5314	23	27	curtain	curtain	VERB
ajfa-5314	23	28	their	their	PRON
ajfa-5314	23	29	operations	operation	NOUN
ajfa-5314	23	30	,	,	PUNCT
ajfa-5314	23	31	retrenching	retrench	VERB
ajfa-5314	23	32	some	some	PRON
ajfa-5314	23	33	of	of	ADP
ajfa-5314	23	34	their	their	PRON
ajfa-5314	23	35	workers	worker	NOUN
ajfa-5314	23	36	,	,	PUNCT
ajfa-5314	23	37	asking	ask	VERB
ajfa-5314	23	38	employees	employee	NOUN
ajfa-5314	23	39	to	to	PART
ajfa-5314	23	40	accept	accept	VERB
ajfa-5314	23	41	a	a	DET
ajfa-5314	23	42	smaller	small	ADJ
ajfa-5314	23	43	compensation	compensation	NOUN
ajfa-5314	23	44	package	package	NOUN
ajfa-5314	23	45	and	and	CCONJ
ajfa-5314	23	46	finding	find	VERB
ajfa-5314	23	47	ways	way	NOUN
ajfa-5314	23	48	and	and	CCONJ
ajfa-5314	23	49	means	mean	VERB
ajfa-5314	23	50	to	to	PART
ajfa-5314	23	51	cut	cut	VERB
ajfa-5314	23	52	costs	cost	NOUN
ajfa-5314	23	53	so	so	SCONJ
ajfa-5314	23	54	as	as	SCONJ
ajfa-5314	23	55	to	to	PART
ajfa-5314	23	56	remain	remain	VERB
ajfa-5314	23	57	competitive	competitive	ADJ
ajfa-5314	23	58	.	.	PUNCT
ajfa-5314	24	1	the	the	DET
ajfa-5314	24	2	study	study	NOUN
ajfa-5314	24	3	by	by	ADP
ajfa-5314	24	4	koksal	koksal	NOUN
ajfa-5314	24	5	and	and	CCONJ
ajfa-5314	24	6	ozgul	ozgul	NOUN
ajfa-5314	24	7	(	(	PUNCT
ajfa-5314	24	8	2007	2007	NUM
ajfa-5314	24	9	)	)	PUNCT
ajfa-5314	24	10	,	,	PUNCT
ajfa-5314	24	11	found	find	VERB
ajfa-5314	24	12	that	that	SCONJ
ajfa-5314	24	13	managers	manager	NOUN
ajfa-5314	24	14	are	be	AUX
ajfa-5314	24	15	asked	ask	VERB
ajfa-5314	24	16	to	to	ADP
ajfa-5314	24	17	either	either	CCONJ
ajfa-5314	24	18	delay	delay	VERB
ajfa-5314	24	19	or	or	CCONJ
ajfa-5314	24	20	abandon	abandon	VERB
ajfa-5314	24	21	investment	investment	NOUN
ajfa-5314	24	22	projects	project	NOUN
ajfa-5314	24	23	during	during	ADP
ajfa-5314	24	24	an	an	DET
ajfa-5314	24	25	economic	economic	ADJ
ajfa-5314	24	26	downturn	downturn	NOUN
ajfa-5314	24	27	while	while	SCONJ
ajfa-5314	24	28	the	the	DET
ajfa-5314	24	29	study	study	NOUN
ajfa-5314	24	30	by	by	ADP
ajfa-5314	24	31	ang	ang	PROPN
ajfa-5314	24	32	,	,	PUNCT
ajfa-5314	24	33	leong	leong	PROPN
ajfa-5314	24	34	and	and	CCONJ
ajfa-5314	24	35	kotler	kotler	PROPN
ajfa-5314	24	36	(	(	PUNCT
ajfa-5314	24	37	2000	2000	NUM
ajfa-5314	24	38	)	)	PUNCT
ajfa-5314	24	39	found	find	VERB
ajfa-5314	24	40	that	that	SCONJ
ajfa-5314	24	41	businesses	business	NOUN
ajfa-5314	24	42	will	will	AUX
ajfa-5314	24	43	encounter	encounter	VERB
ajfa-5314	24	44	cash	cash	NOUN
ajfa-5314	24	45	flow	flow	NOUN
ajfa-5314	24	46	issues	issue	NOUN
ajfa-5314	24	47	as	as	SCONJ
ajfa-5314	24	48	lending	lending	NOUN
ajfa-5314	24	49	institutions	institution	NOUN
ajfa-5314	24	50	and	and	CCONJ
ajfa-5314	24	51	suppliers	supplier	NOUN
ajfa-5314	24	52	are	be	AUX
ajfa-5314	24	53	reluctant	reluctant	ADJ
ajfa-5314	24	54	to	to	PART
ajfa-5314	24	55	offer	offer	VERB
ajfa-5314	24	56	favorable	favorable	ADJ
ajfa-5314	24	57	financial	financial	ADJ
ajfa-5314	24	58	terms	term	NOUN
ajfa-5314	24	59	and	and	CCONJ
ajfa-5314	24	60	customers	customer	NOUN
ajfa-5314	24	61	default	default	VERB
ajfa-5314	24	62	on	on	ADP
ajfa-5314	24	63	their	their	PRON
ajfa-5314	24	64	outstanding	outstanding	ADJ
ajfa-5314	24	65	credits	credit	NOUN
ajfa-5314	24	66	or	or	CCONJ
ajfa-5314	24	67	they	they	PRON
ajfa-5314	24	68	simply	simply	ADV
ajfa-5314	24	69	buy	buy	VERB
ajfa-5314	24	70	and	and	CCONJ
ajfa-5314	24	71	spend	spend	VERB
ajfa-5314	24	72	less	less	ADJ
ajfa-5314	24	73	.	.	PUNCT
ajfa-5314	25	1	the	the	DET
ajfa-5314	25	2	resulting	result	VERB
ajfa-5314	25	3	combinations	combination	NOUN
ajfa-5314	25	4	of	of	ADP
ajfa-5314	25	5	tight	tight	ADJ
ajfa-5314	25	6	financing	financing	NOUN
ajfa-5314	25	7	,	,	PUNCT
ajfa-5314	25	8	reduced	reduce	VERB
ajfa-5314	25	9	demand	demand	NOUN
ajfa-5314	25	10	and	and	CCONJ
ajfa-5314	25	11	fall	fall	VERB
ajfa-5314	25	12	in	in	ADP
ajfa-5314	25	13	exports	export	NOUN
ajfa-5314	25	14	,	,	PUNCT
ajfa-5314	25	15	reduced	reduce	VERB
ajfa-5314	25	16	consumer	consumer	NOUN
ajfa-5314	25	17	spending	spending	NOUN
ajfa-5314	25	18	and	and	CCONJ
ajfa-5314	25	19	consumer	consumer	NOUN
ajfa-5314	25	20	sentiments	sentiment	NOUN
ajfa-5314	25	21	will	will	AUX
ajfa-5314	25	22	contribute	contribute	VERB
ajfa-5314	25	23	to	to	ADP
ajfa-5314	25	24	tight	tight	ADJ
ajfa-5314	25	25	cash	cash	NOUN
ajfa-5314	25	26	flows	flow	NOUN
ajfa-5314	25	27	,	,	PUNCT
ajfa-5314	25	28	declining	decline	VERB
ajfa-5314	25	29	cash	cash	NOUN
ajfa-5314	25	30	positions	position	NOUN
ajfa-5314	25	31	,	,	PUNCT
ajfa-5314	25	32	falling	fall	VERB
ajfa-5314	25	33	profitability	profitability	NOUN
ajfa-5314	25	34	and	and	CCONJ
ajfa-5314	25	35	losses	loss	NOUN
ajfa-5314	25	36	leading	lead	VERB
ajfa-5314	25	37	to	to	ADP
ajfa-5314	25	38	potential	potential	ADJ
ajfa-5314	25	39	insolvency	insolvency	NOUN
ajfa-5314	25	40	and	and	CCONJ
ajfa-5314	25	41	bankruptcy	bankruptcy	NOUN
ajfa-5314	25	42	.	.	PUNCT
ajfa-5314	26	1	asian	asian	ADJ
ajfa-5314	26	2	journal	journal	PROPN
ajfa-5314	26	3	of	of	ADP
ajfa-5314	26	4	finance	finance	PROPN
ajfa-5314	26	5	&	&	CCONJ
ajfa-5314	26	6	accounting	accounting	PROPN
ajfa-5314	26	7	issn	issn	PROPN
ajfa-5314	26	8	1946	1946	NUM
ajfa-5314	26	9	-	-	PUNCT
ajfa-5314	26	10	052x	052x	PROPN
ajfa-5314	26	11	2014	2014	NUM
ajfa-5314	26	12	,	,	PUNCT
ajfa-5314	26	13	vol	vol	NOUN
ajfa-5314	26	14	.	.	PROPN
ajfa-5314	27	1	6	6	NUM
ajfa-5314	27	2	,	,	PUNCT
ajfa-5314	27	3	no	no	INTJ
ajfa-5314	27	4	.	.	NOUN
ajfa-5314	27	5	1	1	NUM
ajfa-5314	27	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5314	27	7	239	239	NUM
ajfa-5314	27	8	therefore	therefore	ADV
ajfa-5314	27	9	,	,	PUNCT
ajfa-5314	27	10	to	to	PART
ajfa-5314	27	11	be	be	AUX
ajfa-5314	27	12	able	able	ADJ
ajfa-5314	27	13	to	to	PART
ajfa-5314	27	14	analyse	analyse	VERB
ajfa-5314	27	15	and	and	CCONJ
ajfa-5314	27	16	track	track	NOUN
ajfa-5314	27	17	companies	company	NOUN
ajfa-5314	27	18	’	'	PUNCT
ajfa-5314	27	19	financial	financial	ADJ
ajfa-5314	27	20	performance	performance	NOUN
ajfa-5314	27	21	closely	closely	ADV
ajfa-5314	27	22	over	over	ADP
ajfa-5314	27	23	time	time	NOUN
ajfa-5314	27	24	and	and	CCONJ
ajfa-5314	27	25	to	to	PART
ajfa-5314	27	26	be	be	AUX
ajfa-5314	27	27	able	able	ADJ
ajfa-5314	27	28	to	to	PART
ajfa-5314	27	29	classify	classify	VERB
ajfa-5314	27	30	companies	company	NOUN
ajfa-5314	27	31	into	into	ADP
ajfa-5314	27	32	good	good	ADJ
ajfa-5314	27	33	or	or	CCONJ
ajfa-5314	27	34	poor	poor	ADJ
ajfa-5314	27	35	financial	financial	ADJ
ajfa-5314	27	36	performers	performer	NOUN
ajfa-5314	27	37	is	be	AUX
ajfa-5314	27	38	of	of	ADP
ajfa-5314	27	39	utmost	utmost	ADJ
ajfa-5314	27	40	importance	importance	NOUN
ajfa-5314	27	41	.	.	PUNCT
ajfa-5314	28	1	many	many	ADJ
ajfa-5314	28	2	interested	interested	ADJ
ajfa-5314	28	3	stakeholders	stakeholder	NOUN
ajfa-5314	28	4	including	include	VERB
ajfa-5314	28	5	individuals	individual	NOUN
ajfa-5314	28	6	,	,	PUNCT
ajfa-5314	28	7	institutional	institutional	ADJ
ajfa-5314	28	8	investors	investor	NOUN
ajfa-5314	28	9	and	and	CCONJ
ajfa-5314	28	10	fund	fund	NOUN
ajfa-5314	28	11	managers	manager	NOUN
ajfa-5314	28	12	who	who	PRON
ajfa-5314	28	13	manage	manage	VERB
ajfa-5314	28	14	large	large	ADJ
ajfa-5314	28	15	investment	investment	NOUN
ajfa-5314	28	16	portfolios	portfolio	NOUN
ajfa-5314	28	17	can	can	AUX
ajfa-5314	28	18	enhance	enhance	VERB
ajfa-5314	28	19	the	the	DET
ajfa-5314	28	20	market	market	NOUN
ajfa-5314	28	21	value	value	NOUN
ajfa-5314	28	22	and	and	CCONJ
ajfa-5314	28	23	returns	return	NOUN
ajfa-5314	28	24	of	of	ADP
ajfa-5314	28	25	their	their	PRON
ajfa-5314	28	26	clients	client	NOUN
ajfa-5314	28	27	’	'	PUNCT
ajfa-5314	28	28	investments	investment	NOUN
ajfa-5314	28	29	if	if	SCONJ
ajfa-5314	28	30	they	they	PRON
ajfa-5314	28	31	are	be	AUX
ajfa-5314	28	32	able	able	ADJ
ajfa-5314	28	33	to	to	PART
ajfa-5314	28	34	discriminate	discriminate	VERB
ajfa-5314	28	35	the	the	DET
ajfa-5314	28	36	weak	weak	ADJ
ajfa-5314	28	37	companies	company	NOUN
ajfa-5314	28	38	from	from	ADP
ajfa-5314	28	39	the	the	DET
ajfa-5314	28	40	healthy	healthy	ADJ
ajfa-5314	28	41	ones	one	NOUN
ajfa-5314	28	42	.	.	PUNCT
ajfa-5314	29	1	having	have	VERB
ajfa-5314	29	2	sufficient	sufficient	ADJ
ajfa-5314	29	3	knowledge	knowledge	NOUN
ajfa-5314	29	4	and	and	CCONJ
ajfa-5314	29	5	skills	skill	NOUN
ajfa-5314	29	6	in	in	ADP
ajfa-5314	29	7	financial	financial	ADJ
ajfa-5314	29	8	statement	statement	NOUN
ajfa-5314	29	9	analysis	analysis	NOUN
ajfa-5314	29	10	can	can	AUX
ajfa-5314	29	11	be	be	AUX
ajfa-5314	29	12	very	very	ADV
ajfa-5314	29	13	useful	useful	ADJ
ajfa-5314	29	14	.	.	PUNCT
ajfa-5314	30	1	financial	financial	ADJ
ajfa-5314	30	2	ratios	ratio	NOUN
ajfa-5314	30	3	when	when	SCONJ
ajfa-5314	30	4	used	use	VERB
ajfa-5314	30	5	and	and	CCONJ
ajfa-5314	30	6	properly	properly	ADV
ajfa-5314	30	7	interpreted	interpret	VERB
ajfa-5314	30	8	will	will	AUX
ajfa-5314	30	9	enable	enable	VERB
ajfa-5314	30	10	an	an	DET
ajfa-5314	30	11	external	external	ADJ
ajfa-5314	30	12	party	party	NOUN
ajfa-5314	30	13	to	to	PART
ajfa-5314	30	14	make	make	VERB
ajfa-5314	30	15	informed	informed	ADJ
ajfa-5314	30	16	judgments	judgment	NOUN
ajfa-5314	30	17	about	about	ADP
ajfa-5314	30	18	a	a	DET
ajfa-5314	30	19	company	company	NOUN
ajfa-5314	30	20	’s	’s	PART
ajfa-5314	30	21	profitability	profitability	NOUN
ajfa-5314	30	22	,	,	PUNCT
ajfa-5314	30	23	management	management	NOUN
ajfa-5314	30	24	effectiveness	effectiveness	NOUN
ajfa-5314	30	25	and	and	CCONJ
ajfa-5314	30	26	financial	financial	ADJ
ajfa-5314	30	27	health	health	NOUN
ajfa-5314	30	28	and	and	CCONJ
ajfa-5314	30	29	its	its	PRON
ajfa-5314	30	30	ability	ability	NOUN
ajfa-5314	30	31	to	to	PART
ajfa-5314	30	32	sustain	sustain	VERB
ajfa-5314	30	33	and	and	CCONJ
ajfa-5314	30	34	compete	compete	VERB
ajfa-5314	30	35	with	with	ADP
ajfa-5314	30	36	other	other	ADJ
ajfa-5314	30	37	players	player	NOUN
ajfa-5314	30	38	in	in	ADP
ajfa-5314	30	39	the	the	DET
ajfa-5314	30	40	industry	industry	NOUN
ajfa-5314	30	41	.	.	PUNCT
ajfa-5314	31	1	the	the	DET
ajfa-5314	31	2	purpose	purpose	NOUN
ajfa-5314	31	3	of	of	ADP
ajfa-5314	31	4	this	this	DET
ajfa-5314	31	5	study	study	NOUN
ajfa-5314	31	6	is	be	AUX
ajfa-5314	31	7	identify	identify	VERB
ajfa-5314	31	8	a	a	DET
ajfa-5314	31	9	smaller	small	ADJ
ajfa-5314	31	10	set	set	NOUN
ajfa-5314	31	11	of	of	ADP
ajfa-5314	31	12	significant	significant	ADJ
ajfa-5314	31	13	and	and	CCONJ
ajfa-5314	31	14	representative	representative	ADJ
ajfa-5314	31	15	financial	financial	ADJ
ajfa-5314	31	16	ratios	ratio	NOUN
ajfa-5314	31	17	using	use	VERB
ajfa-5314	31	18	factor	factor	NOUN
ajfa-5314	31	19	analysis	analysis	NOUN
ajfa-5314	31	20	(	(	PUNCT
ajfa-5314	31	21	from	from	ADP
ajfa-5314	31	22	an	an	DET
ajfa-5314	31	23	initial	initial	ADJ
ajfa-5314	31	24	set	set	NOUN
ajfa-5314	31	25	of	of	ADP
ajfa-5314	31	26	21	21	NUM
ajfa-5314	31	27	commonly	commonly	ADV
ajfa-5314	31	28	used	use	VERB
ajfa-5314	31	29	ratios	ratio	NOUN
ajfa-5314	31	30	found	find	VERB
ajfa-5314	31	31	in	in	ADP
ajfa-5314	31	32	the	the	DET
ajfa-5314	31	33	literature	literature	NOUN
ajfa-5314	31	34	)	)	PUNCT
ajfa-5314	31	35	,	,	PUNCT
ajfa-5314	31	36	that	that	PRON
ajfa-5314	31	37	would	would	AUX
ajfa-5314	31	38	be	be	AUX
ajfa-5314	31	39	most	most	ADV
ajfa-5314	31	40	effective	effective	ADJ
ajfa-5314	31	41	in	in	ADP
ajfa-5314	31	42	classifying	classify	VERB
ajfa-5314	31	43	70	70	NUM
ajfa-5314	31	44	listed	list	VERB
ajfa-5314	31	45	manufacturing	manufacturing	NOUN
ajfa-5314	31	46	companies	company	NOUN
ajfa-5314	31	47	from	from	ADP
ajfa-5314	31	48	the	the	DET
ajfa-5314	31	49	malaysian	malaysian	ADJ
ajfa-5314	31	50	stock	stock	PROPN
ajfa-5314	31	51	exchange	exchange	PROPN
ajfa-5314	31	52	(	(	PUNCT
ajfa-5314	31	53	bursa	bursa	PROPN
ajfa-5314	31	54	saham	saham	PROPN
ajfa-5314	31	55	malaysia	malaysia	PROPN
ajfa-5314	31	56	)	)	PUNCT
ajfa-5314	31	57	according	accord	VERB
ajfa-5314	31	58	to	to	ADP
ajfa-5314	31	59	their	their	PRON
ajfa-5314	31	60	financial	financial	ADJ
ajfa-5314	31	61	performance	performance	NOUN
ajfa-5314	31	62	.	.	PUNCT
ajfa-5314	32	1	the	the	DET
ajfa-5314	32	2	companies	company	NOUN
ajfa-5314	32	3	are	be	AUX
ajfa-5314	32	4	randomly	randomly	ADV
ajfa-5314	32	5	selected	select	VERB
ajfa-5314	32	6	and	and	CCONJ
ajfa-5314	32	7	represent	represent	VERB
ajfa-5314	32	8	about	about	ADV
ajfa-5314	32	9	28	28	NUM
ajfa-5314	32	10	%	%	NOUN
ajfa-5314	32	11	of	of	ADP
ajfa-5314	32	12	the	the	DET
ajfa-5314	32	13	total	total	ADJ
ajfa-5314	32	14	number	number	NOUN
ajfa-5314	32	15	of	of	ADP
ajfa-5314	32	16	companies	company	NOUN
ajfa-5314	32	17	that	that	PRON
ajfa-5314	32	18	are	be	AUX
ajfa-5314	32	19	involved	involve	VERB
ajfa-5314	32	20	in	in	ADP
ajfa-5314	32	21	the	the	DET
ajfa-5314	32	22	manufacturing	manufacturing	NOUN
ajfa-5314	32	23	of	of	ADP
ajfa-5314	32	24	industrial	industrial	ADJ
ajfa-5314	32	25	products	product	NOUN
ajfa-5314	32	26	.	.	PUNCT
ajfa-5314	33	1	another	another	DET
ajfa-5314	33	2	objective	objective	NOUN
ajfa-5314	33	3	of	of	ADP
ajfa-5314	33	4	this	this	DET
ajfa-5314	33	5	study	study	NOUN
ajfa-5314	33	6	is	be	AUX
ajfa-5314	33	7	to	to	PART
ajfa-5314	33	8	use	use	VERB
ajfa-5314	33	9	the	the	DET
ajfa-5314	33	10	smaller	small	ADJ
ajfa-5314	33	11	set	set	NOUN
ajfa-5314	33	12	of	of	ADP
ajfa-5314	33	13	representative	representative	ADJ
ajfa-5314	33	14	ratios	ratio	NOUN
ajfa-5314	33	15	as	as	SCONJ
ajfa-5314	33	16	identified	identify	VERB
ajfa-5314	33	17	,	,	PUNCT
ajfa-5314	33	18	to	to	PART
ajfa-5314	33	19	cluster	cluster	VERB
ajfa-5314	33	20	these	these	DET
ajfa-5314	33	21	companies	company	NOUN
ajfa-5314	33	22	into	into	ADP
ajfa-5314	33	23	four	four	NUM
ajfa-5314	33	24	clusters	cluster	NOUN
ajfa-5314	33	25	namely	namely	ADV
ajfa-5314	33	26	good	good	ADJ
ajfa-5314	33	27	financial	financial	ADJ
ajfa-5314	33	28	performers	performer	NOUN
ajfa-5314	33	29	,	,	PUNCT
ajfa-5314	33	30	above	above	ADV
ajfa-5314	33	31	and	and	CCONJ
ajfa-5314	33	32	below	below	ADP
ajfa-5314	33	33	average	average	ADJ
ajfa-5314	33	34	performers	performer	NOUN
ajfa-5314	33	35	and	and	CCONJ
ajfa-5314	33	36	the	the	DET
ajfa-5314	33	37	poor	poor	ADJ
ajfa-5314	33	38	performers	performer	NOUN
ajfa-5314	33	39	.	.	PUNCT
ajfa-5314	34	1	each	each	DET
ajfa-5314	34	2	company	company	NOUN
ajfa-5314	34	3	’s	’s	PART
ajfa-5314	34	4	performance	performance	NOUN
ajfa-5314	34	5	are	be	AUX
ajfa-5314	34	6	analysed	analyse	VERB
ajfa-5314	34	7	and	and	CCONJ
ajfa-5314	34	8	tracked	track	VERB
ajfa-5314	34	9	over	over	ADP
ajfa-5314	34	10	a	a	DET
ajfa-5314	34	11	five	five	NUM
ajfa-5314	34	12	year	year	NOUN
ajfa-5314	34	13	period	period	NOUN
ajfa-5314	34	14	from	from	ADP
ajfa-5314	34	15	2006	2006	NUM
ajfa-5314	34	16	to	to	ADP
ajfa-5314	34	17	2010	2010	NUM
ajfa-5314	34	18	to	to	PART
ajfa-5314	34	19	see	see	VERB
ajfa-5314	34	20	how	how	SCONJ
ajfa-5314	34	21	they	they	PRON
ajfa-5314	34	22	have	have	AUX
ajfa-5314	34	23	moved	move	VERB
ajfa-5314	34	24	or	or	CCONJ
ajfa-5314	34	25	migrated	migrate	VERB
ajfa-5314	34	26	between	between	ADP
ajfa-5314	34	27	the	the	DET
ajfa-5314	34	28	clusters	cluster	NOUN
ajfa-5314	34	29	.	.	PUNCT
ajfa-5314	35	1	finally	finally	ADV
ajfa-5314	35	2	,	,	PUNCT
ajfa-5314	35	3	a	a	DET
ajfa-5314	35	4	comparison	comparison	NOUN
ajfa-5314	35	5	is	be	AUX
ajfa-5314	35	6	made	make	VERB
ajfa-5314	35	7	to	to	PART
ajfa-5314	35	8	see	see	VERB
ajfa-5314	35	9	whether	whether	SCONJ
ajfa-5314	35	10	there	there	PRON
ajfa-5314	35	11	is	be	VERB
ajfa-5314	35	12	a	a	DET
ajfa-5314	35	13	direct	direct	ADJ
ajfa-5314	35	14	link	link	NOUN
ajfa-5314	35	15	between	between	ADP
ajfa-5314	35	16	company	company	NOUN
ajfa-5314	35	17	financial	financial	ADJ
ajfa-5314	35	18	performance	performance	NOUN
ajfa-5314	35	19	and	and	CCONJ
ajfa-5314	35	20	the	the	DET
ajfa-5314	35	21	financial	financial	ADJ
ajfa-5314	35	22	crisis	crisis	NOUN
ajfa-5314	35	23	that	that	PRON
ajfa-5314	35	24	started	start	VERB
ajfa-5314	35	25	in	in	ADP
ajfa-5314	35	26	2007/2008	2007/2008	NUM
ajfa-5314	35	27	.	.	PUNCT
ajfa-5314	36	1	the	the	DET
ajfa-5314	36	2	gross	gross	ADJ
ajfa-5314	36	3	domestic	domestic	ADJ
ajfa-5314	36	4	product	product	NOUN
ajfa-5314	36	5	(	(	PUNCT
ajfa-5314	36	6	gdp	gdp	NOUN
ajfa-5314	36	7	)	)	PUNCT
ajfa-5314	36	8	growths	growth	NOUN
ajfa-5314	36	9	as	as	ADV
ajfa-5314	36	10	well	well	ADV
ajfa-5314	36	11	as	as	ADP
ajfa-5314	36	12	the	the	DET
ajfa-5314	36	13	export	export	NOUN
ajfa-5314	36	14	data	datum	NOUN
ajfa-5314	36	15	for	for	ADP
ajfa-5314	36	16	the	the	DET
ajfa-5314	36	17	five	five	NUM
ajfa-5314	36	18	years	year	NOUN
ajfa-5314	36	19	are	be	AUX
ajfa-5314	36	20	used	use	VERB
ajfa-5314	36	21	as	as	ADP
ajfa-5314	36	22	indicators	indicator	NOUN
ajfa-5314	36	23	of	of	ADP
ajfa-5314	36	24	the	the	DET
ajfa-5314	36	25	economic	economic	ADJ
ajfa-5314	36	26	conditions	condition	NOUN
ajfa-5314	36	27	during	during	ADP
ajfa-5314	36	28	each	each	PRON
ajfa-5314	36	29	of	of	ADP
ajfa-5314	36	30	the	the	DET
ajfa-5314	36	31	five	five	NUM
ajfa-5314	36	32	years	year	NOUN
ajfa-5314	36	33	.	.	PUNCT
ajfa-5314	37	1	the	the	DET
ajfa-5314	37	2	rest	rest	NOUN
ajfa-5314	37	3	of	of	ADP
ajfa-5314	37	4	the	the	DET
ajfa-5314	37	5	paper	paper	NOUN
ajfa-5314	37	6	is	be	AUX
ajfa-5314	37	7	organized	organize	VERB
ajfa-5314	37	8	as	as	SCONJ
ajfa-5314	37	9	follows	follow	VERB
ajfa-5314	37	10	:	:	PUNCT
ajfa-5314	37	11	section	section	NOUN
ajfa-5314	37	12	2	2	NUM
ajfa-5314	37	13	reviews	review	VERB
ajfa-5314	37	14	the	the	DET
ajfa-5314	37	15	relevant	relevant	ADJ
ajfa-5314	37	16	literature	literature	NOUN
ajfa-5314	37	17	,	,	PUNCT
ajfa-5314	37	18	section	section	NOUN
ajfa-5314	37	19	3	3	NUM
ajfa-5314	37	20	discusses	discuss	VERB
ajfa-5314	37	21	the	the	DET
ajfa-5314	37	22	methodology	methodology	NOUN
ajfa-5314	37	23	,	,	PUNCT
ajfa-5314	37	24	sample	sample	NOUN
ajfa-5314	37	25	sizes	size	NOUN
ajfa-5314	37	26	and	and	CCONJ
ajfa-5314	37	27	variables	variable	NOUN
ajfa-5314	37	28	used	use	VERB
ajfa-5314	37	29	,	,	PUNCT
ajfa-5314	37	30	section	section	NOUN
ajfa-5314	37	31	4	4	NUM
ajfa-5314	37	32	presents	present	VERB
ajfa-5314	37	33	the	the	DET
ajfa-5314	37	34	findings	finding	NOUN
ajfa-5314	37	35	and	and	CCONJ
ajfa-5314	37	36	discussions	discussion	NOUN
ajfa-5314	37	37	on	on	ADP
ajfa-5314	37	38	the	the	DET
ajfa-5314	37	39	findings	finding	NOUN
ajfa-5314	37	40	,	,	PUNCT
ajfa-5314	37	41	section	section	NOUN
ajfa-5314	37	42	5	5	NUM
ajfa-5314	37	43	gives	give	VERB
ajfa-5314	37	44	the	the	DET
ajfa-5314	37	45	concluding	conclude	VERB
ajfa-5314	37	46	remarks	remark	NOUN
ajfa-5314	37	47	of	of	ADP
ajfa-5314	37	48	the	the	DET
ajfa-5314	37	49	paper	paper	NOUN
ajfa-5314	37	50	and	and	CCONJ
ajfa-5314	37	51	finally	finally	ADV
ajfa-5314	37	52	section	section	VERB
ajfa-5314	37	53	6	6	NUM
ajfa-5314	37	54	briefly	briefly	NOUN
ajfa-5314	37	55	describes	describe	VERB
ajfa-5314	37	56	the	the	DET
ajfa-5314	37	57	limitation	limitation	NOUN
ajfa-5314	37	58	of	of	ADP
ajfa-5314	37	59	the	the	DET
ajfa-5314	37	60	study	study	NOUN
ajfa-5314	37	61	and	and	CCONJ
ajfa-5314	37	62	recommendations	recommendation	NOUN
ajfa-5314	37	63	for	for	ADP
ajfa-5314	37	64	future	future	ADJ
ajfa-5314	37	65	studies	study	NOUN
ajfa-5314	37	66	.	.	PUNCT
ajfa-5314	38	1	2	2	X
ajfa-5314	38	2	.	.	X
ajfa-5314	38	3	literature	literature	NOUN
ajfa-5314	38	4	review	review	VERB
ajfa-5314	38	5	most	most	ADJ
ajfa-5314	38	6	businesses	business	NOUN
ajfa-5314	38	7	and	and	CCONJ
ajfa-5314	38	8	corporations	corporation	NOUN
ajfa-5314	38	9	are	be	AUX
ajfa-5314	38	10	compelled	compel	VERB
ajfa-5314	38	11	to	to	PART
ajfa-5314	38	12	produce	produce	VERB
ajfa-5314	38	13	a	a	DET
ajfa-5314	38	14	set	set	NOUN
ajfa-5314	38	15	of	of	ADP
ajfa-5314	38	16	financial	financial	ADJ
ajfa-5314	38	17	statements	statement	NOUN
ajfa-5314	38	18	annually	annually	ADV
ajfa-5314	38	19	to	to	PART
ajfa-5314	38	20	comply	comply	VERB
ajfa-5314	38	21	with	with	ADP
ajfa-5314	38	22	legal	legal	ADJ
ajfa-5314	38	23	and	and	CCONJ
ajfa-5314	38	24	regulatory	regulatory	ADJ
ajfa-5314	38	25	requirements	requirement	NOUN
ajfa-5314	38	26	.	.	PUNCT
ajfa-5314	39	1	for	for	ADP
ajfa-5314	39	2	most	most	ADJ
ajfa-5314	39	3	stakeholders	stakeholder	NOUN
ajfa-5314	39	4	,	,	PUNCT
ajfa-5314	39	5	to	to	PART
ajfa-5314	39	6	understand	understand	VERB
ajfa-5314	39	7	and	and	CCONJ
ajfa-5314	39	8	evaluate	evaluate	VERB
ajfa-5314	39	9	the	the	DET
ajfa-5314	39	10	financial	financial	ADJ
ajfa-5314	39	11	performance	performance	NOUN
ajfa-5314	39	12	and	and	CCONJ
ajfa-5314	39	13	financial	financial	ADJ
ajfa-5314	39	14	status	status	NOUN
ajfa-5314	39	15	of	of	ADP
ajfa-5314	39	16	companies	company	NOUN
ajfa-5314	39	17	may	may	AUX
ajfa-5314	39	18	not	not	PART
ajfa-5314	39	19	be	be	AUX
ajfa-5314	39	20	easy	easy	ADJ
ajfa-5314	39	21	unless	unless	SCONJ
ajfa-5314	39	22	they	they	PRON
ajfa-5314	39	23	have	have	VERB
ajfa-5314	39	24	some	some	DET
ajfa-5314	39	25	basic	basic	ADJ
ajfa-5314	39	26	knowledge	knowledge	NOUN
ajfa-5314	39	27	in	in	ADP
ajfa-5314	39	28	accounting	accounting	NOUN
ajfa-5314	39	29	and	and	CCONJ
ajfa-5314	39	30	finance	finance	NOUN
ajfa-5314	39	31	.	.	PUNCT
ajfa-5314	40	1	when	when	SCONJ
ajfa-5314	40	2	it	it	PRON
ajfa-5314	40	3	comes	come	VERB
ajfa-5314	40	4	to	to	ADP
ajfa-5314	40	5	understanding	understand	VERB
ajfa-5314	40	6	how	how	SCONJ
ajfa-5314	40	7	a	a	DET
ajfa-5314	40	8	company	company	NOUN
ajfa-5314	40	9	has	have	AUX
ajfa-5314	40	10	performed	perform	VERB
ajfa-5314	40	11	in	in	ADP
ajfa-5314	40	12	the	the	DET
ajfa-5314	40	13	past	past	NOUN
ajfa-5314	40	14	and	and	CCONJ
ajfa-5314	40	15	its	its	PRON
ajfa-5314	40	16	likely	likely	ADJ
ajfa-5314	40	17	future	future	ADJ
ajfa-5314	40	18	performance	performance	NOUN
ajfa-5314	40	19	,	,	PUNCT
ajfa-5314	40	20	analysing	analyse	VERB
ajfa-5314	40	21	financial	financial	ADJ
ajfa-5314	40	22	statements	statement	NOUN
ajfa-5314	40	23	is	be	AUX
ajfa-5314	40	24	one	one	NUM
ajfa-5314	40	25	of	of	ADP
ajfa-5314	40	26	the	the	DET
ajfa-5314	40	27	most	most	ADV
ajfa-5314	40	28	useful	useful	ADJ
ajfa-5314	40	29	tools	tool	NOUN
ajfa-5314	40	30	an	an	DET
ajfa-5314	40	31	interested	interested	ADJ
ajfa-5314	40	32	party	party	NOUN
ajfa-5314	40	33	can	can	AUX
ajfa-5314	40	34	use	use	VERB
ajfa-5314	40	35	.	.	PUNCT
ajfa-5314	41	1	eidleman	eidleman	NOUN
ajfa-5314	41	2	(	(	PUNCT
ajfa-5314	41	3	1995	1995	NUM
ajfa-5314	41	4	)	)	PUNCT
ajfa-5314	41	5	states	state	VERB
ajfa-5314	41	6	that	that	SCONJ
ajfa-5314	41	7	financial	financial	ADJ
ajfa-5314	41	8	-	-	PUNCT
ajfa-5314	41	9	statement	statement	NOUN
ajfa-5314	41	10	analysis	analysis	NOUN
ajfa-5314	41	11	looks	look	VERB
ajfa-5314	41	12	at	at	ADP
ajfa-5314	41	13	a	a	DET
ajfa-5314	41	14	firm	firm	NOUN
ajfa-5314	41	15	's	's	PART
ajfa-5314	41	16	past	past	ADJ
ajfa-5314	41	17	performance	performance	NOUN
ajfa-5314	41	18	to	to	PART
ajfa-5314	41	19	predict	predict	VERB
ajfa-5314	41	20	its	its	PRON
ajfa-5314	41	21	future	future	ADJ
ajfa-5314	41	22	condition	condition	NOUN
ajfa-5314	41	23	.	.	PUNCT
ajfa-5314	42	1	lev	lev	NOUN
ajfa-5314	42	2	and	and	CCONJ
ajfa-5314	42	3	sunder	sunder	NOUN
ajfa-5314	42	4	(	(	PUNCT
ajfa-5314	42	5	1979	1979	NUM
ajfa-5314	42	6	)	)	PUNCT
ajfa-5314	42	7	found	find	VERB
ajfa-5314	42	8	that	that	SCONJ
ajfa-5314	42	9	financial	financial	ADJ
ajfa-5314	42	10	ratios	ratio	NOUN
ajfa-5314	42	11	are	be	AUX
ajfa-5314	42	12	used	use	VERB
ajfa-5314	42	13	extensively	extensively	ADV
ajfa-5314	42	14	by	by	ADP
ajfa-5314	42	15	both	both	DET
ajfa-5314	42	16	practitioners	practitioner	NOUN
ajfa-5314	42	17	and	and	CCONJ
ajfa-5314	42	18	researchers	researcher	NOUN
ajfa-5314	42	19	.	.	PUNCT
ajfa-5314	43	1	ratio	ratio	NOUN
ajfa-5314	43	2	variables	variable	NOUN
ajfa-5314	43	3	have	have	AUX
ajfa-5314	43	4	also	also	ADV
ajfa-5314	43	5	been	be	AUX
ajfa-5314	43	6	used	use	VERB
ajfa-5314	43	7	in	in	ADP
ajfa-5314	43	8	studies	study	NOUN
ajfa-5314	43	9	by	by	ADP
ajfa-5314	43	10	cleary	cleary	PROPN
ajfa-5314	43	11	(	(	PUNCT
ajfa-5314	43	12	1999	1999	NUM
ajfa-5314	43	13	)	)	PUNCT
ajfa-5314	43	14	in	in	ADP
ajfa-5314	43	15	explaining	explain	VERB
ajfa-5314	43	16	investment	investment	NOUN
ajfa-5314	43	17	decisions	decision	NOUN
ajfa-5314	43	18	by	by	ADP
ajfa-5314	43	19	companies	company	NOUN
ajfa-5314	43	20	and	and	CCONJ
ajfa-5314	43	21	by	by	ADP
ajfa-5314	43	22	ozkan	ozkan	NOUN
ajfa-5314	43	23	(	(	PUNCT
ajfa-5314	43	24	2001	2001	NUM
ajfa-5314	43	25	)	)	PUNCT
ajfa-5314	43	26	in	in	ADP
ajfa-5314	43	27	his	his	PRON
ajfa-5314	43	28	study	study	NOUN
ajfa-5314	43	29	on	on	ADP
ajfa-5314	43	30	the	the	DET
ajfa-5314	43	31	determinants	determinant	NOUN
ajfa-5314	43	32	of	of	ADP
ajfa-5314	43	33	companies	company	NOUN
ajfa-5314	43	34	’	'	PUNCT
ajfa-5314	43	35	capital	capital	NOUN
ajfa-5314	43	36	structure	structure	NOUN
ajfa-5314	43	37	.	.	PUNCT
ajfa-5314	44	1	in	in	ADP
ajfa-5314	44	2	the	the	DET
ajfa-5314	44	3	area	area	NOUN
ajfa-5314	44	4	of	of	ADP
ajfa-5314	44	5	distress	distress	NOUN
ajfa-5314	44	6	and	and	CCONJ
ajfa-5314	44	7	bankruptcy	bankruptcy	NOUN
ajfa-5314	44	8	prediction	prediction	NOUN
ajfa-5314	44	9	,	,	PUNCT
ajfa-5314	44	10	quite	quite	DET
ajfa-5314	44	11	a	a	DET
ajfa-5314	44	12	number	number	NOUN
ajfa-5314	44	13	of	of	ADP
ajfa-5314	44	14	statistical	statistical	ADJ
ajfa-5314	44	15	techniques	technique	NOUN
ajfa-5314	44	16	were	be	AUX
ajfa-5314	44	17	employed	employ	VERB
ajfa-5314	44	18	in	in	ADP
ajfa-5314	44	19	different	different	ADJ
ajfa-5314	44	20	models	model	NOUN
ajfa-5314	44	21	using	use	VERB
ajfa-5314	44	22	quite	quite	DET
ajfa-5314	44	23	a	a	DET
ajfa-5314	44	24	wide	wide	ADJ
ajfa-5314	44	25	array	array	NOUN
ajfa-5314	44	26	of	of	ADP
ajfa-5314	44	27	ratios	ratio	NOUN
ajfa-5314	44	28	in	in	ADP
ajfa-5314	44	29	their	their	PRON
ajfa-5314	44	30	initial	initial	ADJ
ajfa-5314	44	31	studies	study	NOUN
ajfa-5314	44	32	and	and	CCONJ
ajfa-5314	44	33	later	later	ADV
ajfa-5314	44	34	selecting	select	VERB
ajfa-5314	44	35	a	a	DET
ajfa-5314	44	36	asian	asian	ADJ
ajfa-5314	44	37	journal	journal	NOUN
ajfa-5314	44	38	of	of	ADP
ajfa-5314	44	39	finance	finance	PROPN
ajfa-5314	44	40	&	&	CCONJ
ajfa-5314	44	41	accounting	accounting	PROPN
ajfa-5314	44	42	issn	issn	PROPN
ajfa-5314	44	43	1946	1946	NUM
ajfa-5314	44	44	-	-	PUNCT
ajfa-5314	44	45	052x	052x	PROPN
ajfa-5314	44	46	2014	2014	NUM
ajfa-5314	44	47	,	,	PUNCT
ajfa-5314	44	48	vol	vol	NOUN
ajfa-5314	44	49	.	.	PROPN
ajfa-5314	44	50	6	6	NUM
ajfa-5314	44	51	,	,	PUNCT
ajfa-5314	44	52	no	no	INTJ
ajfa-5314	44	53	.	.	NOUN
ajfa-5314	44	54	1	1	NUM
ajfa-5314	44	55	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5314	44	56	240	240	NUM
ajfa-5314	44	57	few	few	ADJ
ajfa-5314	44	58	that	that	PRON
ajfa-5314	44	59	is	be	AUX
ajfa-5314	44	60	felt	feel	VERB
ajfa-5314	44	61	to	to	PART
ajfa-5314	44	62	be	be	AUX
ajfa-5314	44	63	most	most	ADV
ajfa-5314	44	64	effective	effective	ADJ
ajfa-5314	44	65	for	for	ADP
ajfa-5314	44	66	prediction	prediction	NOUN
ajfa-5314	44	67	accuracy	accuracy	NOUN
ajfa-5314	44	68	(	(	PUNCT
ajfa-5314	44	69	altman	altman	NOUN
ajfa-5314	44	70	(	(	PUNCT
ajfa-5314	44	71	1968	1968	NUM
ajfa-5314	44	72	)	)	PUNCT
ajfa-5314	44	73	,	,	PUNCT
ajfa-5314	44	74	pinches	pinche	NOUN
ajfa-5314	44	75	(	(	PUNCT
ajfa-5314	44	76	1973	1973	NUM
ajfa-5314	44	77	)	)	PUNCT
ajfa-5314	44	78	,	,	PUNCT
ajfa-5314	44	79	and	and	CCONJ
ajfa-5314	44	80	jones	jones	PROPN
ajfa-5314	44	81	and	and	CCONJ
ajfa-5314	44	82	hensher	hensher	NOUN
ajfa-5314	44	83	(	(	PUNCT
ajfa-5314	44	84	2004	2004	NUM
ajfa-5314	44	85	)	)	PUNCT
ajfa-5314	44	86	.	.	PUNCT
ajfa-5314	45	1	using	use	VERB
ajfa-5314	45	2	a	a	DET
ajfa-5314	45	3	combination	combination	NOUN
ajfa-5314	45	4	of	of	ADP
ajfa-5314	45	5	financial	financial	ADJ
ajfa-5314	45	6	ratios	ratio	NOUN
ajfa-5314	45	7	on	on	ADP
ajfa-5314	45	8	a	a	DET
ajfa-5314	45	9	set	set	NOUN
ajfa-5314	45	10	of	of	ADP
ajfa-5314	45	11	financial	financial	ADJ
ajfa-5314	45	12	statements	statement	NOUN
ajfa-5314	45	13	can	can	AUX
ajfa-5314	45	14	reveal	reveal	VERB
ajfa-5314	45	15	strengths	strength	NOUN
ajfa-5314	45	16	and	and	CCONJ
ajfa-5314	45	17	weaknesses	weakness	NOUN
ajfa-5314	45	18	in	in	ADP
ajfa-5314	45	19	a	a	DET
ajfa-5314	45	20	company	company	NOUN
ajfa-5314	45	21	.	.	PUNCT
ajfa-5314	46	1	ratios	ratio	NOUN
ajfa-5314	46	2	are	be	AUX
ajfa-5314	46	3	commonly	commonly	ADV
ajfa-5314	46	4	used	use	VERB
ajfa-5314	46	5	to	to	PART
ajfa-5314	46	6	track	track	VERB
ajfa-5314	46	7	a	a	DET
ajfa-5314	46	8	company	company	NOUN
ajfa-5314	46	9	’s	’s	PART
ajfa-5314	46	10	financial	financial	ADJ
ajfa-5314	46	11	trend	trend	NOUN
ajfa-5314	46	12	over	over	ADP
ajfa-5314	46	13	time	time	NOUN
ajfa-5314	46	14	,	,	PUNCT
ajfa-5314	46	15	whether	whether	SCONJ
ajfa-5314	46	16	profitability	profitability	NOUN
ajfa-5314	46	17	is	be	AUX
ajfa-5314	46	18	acceptable	acceptable	ADJ
ajfa-5314	46	19	and	and	CCONJ
ajfa-5314	46	20	whether	whether	SCONJ
ajfa-5314	46	21	cash	cash	NOUN
ajfa-5314	46	22	flows	flow	NOUN
ajfa-5314	46	23	and	and	CCONJ
ajfa-5314	46	24	cash	cash	NOUN
ajfa-5314	46	25	positions	position	NOUN
ajfa-5314	46	26	are	be	AUX
ajfa-5314	46	27	healthy	healthy	ADJ
ajfa-5314	46	28	.	.	PUNCT
ajfa-5314	47	1	there	there	PRON
ajfa-5314	47	2	are	be	VERB
ajfa-5314	47	3	so	so	ADV
ajfa-5314	47	4	many	many	ADJ
ajfa-5314	47	5	financial	financial	ADJ
ajfa-5314	47	6	ratios	ratio	NOUN
ajfa-5314	47	7	that	that	PRON
ajfa-5314	47	8	can	can	AUX
ajfa-5314	47	9	be	be	AUX
ajfa-5314	47	10	computed	compute	VERB
ajfa-5314	47	11	from	from	ADP
ajfa-5314	47	12	the	the	DET
ajfa-5314	47	13	financial	financial	ADJ
ajfa-5314	47	14	data	datum	NOUN
ajfa-5314	47	15	found	find	VERB
ajfa-5314	47	16	in	in	ADP
ajfa-5314	47	17	a	a	DET
ajfa-5314	47	18	set	set	NOUN
ajfa-5314	47	19	of	of	ADP
ajfa-5314	47	20	financial	financial	ADJ
ajfa-5314	47	21	statements	statement	NOUN
ajfa-5314	47	22	.	.	PUNCT
ajfa-5314	48	1	as	as	SCONJ
ajfa-5314	48	2	many	many	ADJ
ajfa-5314	48	3	of	of	ADP
ajfa-5314	48	4	the	the	DET
ajfa-5314	48	5	ratios	ratio	NOUN
ajfa-5314	48	6	measure	measure	VERB
ajfa-5314	48	7	similar	similar	ADJ
ajfa-5314	48	8	characteristics	characteristic	NOUN
ajfa-5314	48	9	,	,	PUNCT
ajfa-5314	48	10	it	it	PRON
ajfa-5314	48	11	would	would	AUX
ajfa-5314	48	12	not	not	PART
ajfa-5314	48	13	be	be	AUX
ajfa-5314	48	14	necessary	necessary	ADJ
ajfa-5314	48	15	to	to	PART
ajfa-5314	48	16	use	use	VERB
ajfa-5314	48	17	all	all	PRON
ajfa-5314	48	18	of	of	ADP
ajfa-5314	48	19	them	they	PRON
ajfa-5314	48	20	.	.	PUNCT
ajfa-5314	49	1	it	it	PRON
ajfa-5314	49	2	has	have	AUX
ajfa-5314	49	3	been	be	AUX
ajfa-5314	49	4	found	find	VERB
ajfa-5314	49	5	that	that	SCONJ
ajfa-5314	49	6	a	a	DET
ajfa-5314	49	7	smaller	small	ADJ
ajfa-5314	49	8	set	set	NOUN
ajfa-5314	49	9	of	of	ADP
ajfa-5314	49	10	dominant	dominant	ADJ
ajfa-5314	49	11	ratios	ratio	NOUN
ajfa-5314	49	12	are	be	AUX
ajfa-5314	49	13	sufficient	sufficient	ADJ
ajfa-5314	49	14	to	to	PART
ajfa-5314	49	15	evaluate	evaluate	VERB
ajfa-5314	49	16	the	the	DET
ajfa-5314	49	17	financial	financial	ADJ
ajfa-5314	49	18	performances	performance	NOUN
ajfa-5314	49	19	of	of	ADP
ajfa-5314	49	20	companies	company	NOUN
ajfa-5314	49	21	(	(	PUNCT
ajfa-5314	49	22	taffler	taffler	PROPN
ajfa-5314	49	23	1983	1983	NUM
ajfa-5314	49	24	,	,	PUNCT
ajfa-5314	49	25	and	and	CCONJ
ajfa-5314	49	26	koh	koh	PROPN
ajfa-5314	49	27	and	and	CCONJ
ajfa-5314	49	28	killough	killough	PROPN
ajfa-5314	49	29	(	(	PUNCT
ajfa-5314	49	30	1990	1990	NUM
ajfa-5314	49	31	)	)	PUNCT
ajfa-5314	49	32	.	.	PUNCT
ajfa-5314	50	1	one	one	NUM
ajfa-5314	50	2	statistical	statistical	ADJ
ajfa-5314	50	3	method	method	NOUN
ajfa-5314	50	4	often	often	ADV
ajfa-5314	50	5	used	use	VERB
ajfa-5314	50	6	as	as	ADP
ajfa-5314	50	7	data	data	NOUN
ajfa-5314	50	8	summarization	summarization	NOUN
ajfa-5314	50	9	and	and	CCONJ
ajfa-5314	50	10	data	data	NOUN
ajfa-5314	50	11	reduction	reduction	NOUN
ajfa-5314	50	12	is	be	AUX
ajfa-5314	50	13	factor	factor	NOUN
ajfa-5314	50	14	analysis	analysis	NOUN
ajfa-5314	50	15	.	.	PUNCT
ajfa-5314	50	16	.	.	PUNCT
ajfa-5314	51	1	the	the	DET
ajfa-5314	51	2	result	result	NOUN
ajfa-5314	51	3	of	of	ADP
ajfa-5314	51	4	data	datum	NOUN
ajfa-5314	51	5	summarization	summarization	NOUN
ajfa-5314	51	6	is	be	AUX
ajfa-5314	51	7	to	to	PART
ajfa-5314	51	8	derive	derive	VERB
ajfa-5314	51	9	the	the	DET
ajfa-5314	51	10	underlying	underlie	VERB
ajfa-5314	51	11	dimensions	dimension	NOUN
ajfa-5314	51	12	that	that	PRON
ajfa-5314	51	13	will	will	AUX
ajfa-5314	51	14	describe	describe	VERB
ajfa-5314	51	15	the	the	DET
ajfa-5314	51	16	data	datum	NOUN
ajfa-5314	51	17	in	in	ADP
ajfa-5314	51	18	a	a	DET
ajfa-5314	51	19	much	much	ADV
ajfa-5314	51	20	smaller	small	ADJ
ajfa-5314	51	21	number	number	NOUN
ajfa-5314	51	22	of	of	ADP
ajfa-5314	51	23	concepts	concept	NOUN
ajfa-5314	51	24	than	than	ADP
ajfa-5314	51	25	the	the	DET
ajfa-5314	51	26	original	original	ADJ
ajfa-5314	51	27	individual	individual	ADJ
ajfa-5314	51	28	variables	variable	NOUN
ajfa-5314	51	29	.	.	PUNCT
ajfa-5314	52	1	data	datum	NOUN
ajfa-5314	52	2	reduction	reduction	NOUN
ajfa-5314	52	3	on	on	ADP
ajfa-5314	52	4	the	the	DET
ajfa-5314	52	5	other	other	ADJ
ajfa-5314	52	6	hand	hand	NOUN
ajfa-5314	52	7	extends	extend	VERB
ajfa-5314	52	8	the	the	DET
ajfa-5314	52	9	process	process	NOUN
ajfa-5314	52	10	of	of	ADP
ajfa-5314	52	11	data	datum	NOUN
ajfa-5314	52	12	summarization	summarization	NOUN
ajfa-5314	52	13	.	.	PUNCT
ajfa-5314	53	1	it	it	PRON
ajfa-5314	53	2	obtains	obtain	VERB
ajfa-5314	53	3	an	an	DET
ajfa-5314	53	4	empirical	empirical	ADJ
ajfa-5314	53	5	value	value	NOUN
ajfa-5314	53	6	or	or	CCONJ
ajfa-5314	53	7	factor	factor	NOUN
ajfa-5314	53	8	score	score	NOUN
ajfa-5314	53	9	for	for	ADP
ajfa-5314	53	10	each	each	DET
ajfa-5314	53	11	factor	factor	NOUN
ajfa-5314	53	12	and	and	CCONJ
ajfa-5314	53	13	this	this	DET
ajfa-5314	53	14	value	value	NOUN
ajfa-5314	53	15	will	will	AUX
ajfa-5314	53	16	be	be	AUX
ajfa-5314	53	17	used	use	VERB
ajfa-5314	53	18	instead	instead	ADV
ajfa-5314	53	19	of	of	ADP
ajfa-5314	53	20	the	the	DET
ajfa-5314	53	21	original	original	ADJ
ajfa-5314	53	22	values	value	NOUN
ajfa-5314	53	23	.	.	PUNCT
ajfa-5314	54	1	some	some	DET
ajfa-5314	54	2	past	past	ADJ
ajfa-5314	54	3	studies	study	NOUN
ajfa-5314	54	4	that	that	PRON
ajfa-5314	54	5	have	have	AUX
ajfa-5314	54	6	used	use	VERB
ajfa-5314	54	7	factor	factor	NOUN
ajfa-5314	54	8	analysis	analysis	NOUN
ajfa-5314	54	9	to	to	PART
ajfa-5314	54	10	reduce	reduce	VERB
ajfa-5314	54	11	a	a	DET
ajfa-5314	54	12	larger	large	ADJ
ajfa-5314	54	13	set	set	NOUN
ajfa-5314	54	14	of	of	ADP
ajfa-5314	54	15	financial	financial	ADJ
ajfa-5314	54	16	ratios	ratio	NOUN
ajfa-5314	54	17	into	into	ADP
ajfa-5314	54	18	a	a	DET
ajfa-5314	54	19	smaller	small	ADJ
ajfa-5314	54	20	set	set	NOUN
ajfa-5314	54	21	of	of	ADP
ajfa-5314	54	22	representative	representative	ADJ
ajfa-5314	54	23	ratios	ratio	NOUN
ajfa-5314	54	24	include	include	VERB
ajfa-5314	54	25	pinches	pinche	NOUN
ajfa-5314	54	26	(	(	PUNCT
ajfa-5314	54	27	1973	1973	NUM
ajfa-5314	54	28	)	)	PUNCT
ajfa-5314	54	29	,	,	PUNCT
ajfa-5314	54	30	tan	tan	PROPN
ajfa-5314	54	31	et	et	PROPN
ajfa-5314	54	32	al	al	PROPN
ajfa-5314	54	33	.	.	PROPN
ajfa-5314	55	1	(	(	PUNCT
ajfa-5314	55	2	1997	1997	NUM
ajfa-5314	55	3	)	)	PUNCT
ajfa-5314	55	4	,	,	PUNCT
ajfa-5314	55	5	ganalsingam	ganalsingam	NOUN
ajfa-5314	55	6	and	and	CCONJ
ajfa-5314	55	7	kumar	kumar	PROPN
ajfa-5314	55	8	(	(	PUNCT
ajfa-5314	55	9	2001	2001	NUM
ajfa-5314	55	10	)	)	PUNCT
ajfa-5314	55	11	,	,	PUNCT
ajfa-5314	55	12	öcal	öcal	NOUN
ajfa-5314	55	13	et	et	PROPN
ajfa-5314	55	14	al	al	PROPN
ajfa-5314	55	15	.	.	PUNCT
ajfa-5314	56	1	(	(	PUNCT
ajfa-5314	56	2	2007	2007	NUM
ajfa-5314	56	3	)	)	PUNCT
ajfa-5314	56	4	and	and	CCONJ
ajfa-5314	56	5	anupam	anupam	PROPN
ajfa-5314	56	6	et	et	PROPN
ajfa-5314	56	7	al	al	PROPN
ajfa-5314	56	8	.	.	PROPN
ajfa-5314	57	1	(	(	PUNCT
ajfa-5314	57	2	2011	2011	NUM
ajfa-5314	57	3	)	)	PUNCT
ajfa-5314	57	4	.	.	PUNCT
ajfa-5314	58	1	cluster	cluster	NOUN
ajfa-5314	58	2	analysis	analysis	NOUN
ajfa-5314	58	3	is	be	AUX
ajfa-5314	58	4	a	a	DET
ajfa-5314	58	5	statistical	statistical	ADJ
ajfa-5314	58	6	technique	technique	NOUN
ajfa-5314	58	7	where	where	SCONJ
ajfa-5314	58	8	similar	similar	ADJ
ajfa-5314	58	9	entities	entity	NOUN
ajfa-5314	58	10	are	be	AUX
ajfa-5314	58	11	identified	identify	VERB
ajfa-5314	58	12	from	from	ADP
ajfa-5314	58	13	the	the	DET
ajfa-5314	58	14	characteristics	characteristic	NOUN
ajfa-5314	58	15	the	the	DET
ajfa-5314	58	16	entities	entity	NOUN
ajfa-5314	58	17	possess	possess	VERB
ajfa-5314	58	18	.	.	PUNCT
ajfa-5314	59	1	companies	company	NOUN
ajfa-5314	59	2	are	be	AUX
ajfa-5314	59	3	clustered	cluster	VERB
ajfa-5314	59	4	in	in	ADP
ajfa-5314	59	5	the	the	DET
ajfa-5314	59	6	same	same	ADJ
ajfa-5314	59	7	group	group	NOUN
ajfa-5314	59	8	where	where	SCONJ
ajfa-5314	59	9	the	the	DET
ajfa-5314	59	10	degree	degree	NOUN
ajfa-5314	59	11	of	of	ADP
ajfa-5314	59	12	association	association	NOUN
ajfa-5314	59	13	is	be	AUX
ajfa-5314	59	14	strong	strong	ADJ
ajfa-5314	59	15	between	between	ADP
ajfa-5314	59	16	companies	company	NOUN
ajfa-5314	59	17	in	in	ADP
ajfa-5314	59	18	that	that	DET
ajfa-5314	59	19	group	group	NOUN
ajfa-5314	59	20	and	and	CCONJ
ajfa-5314	59	21	association	association	NOUN
ajfa-5314	59	22	is	be	AUX
ajfa-5314	59	23	weak	weak	ADJ
ajfa-5314	59	24	between	between	ADP
ajfa-5314	59	25	members	member	NOUN
ajfa-5314	59	26	of	of	ADP
ajfa-5314	59	27	different	different	ADJ
ajfa-5314	59	28	clusters	cluster	NOUN
ajfa-5314	59	29	.	.	PUNCT
ajfa-5314	60	1	this	this	PRON
ajfa-5314	60	2	is	be	AUX
ajfa-5314	60	3	minimizing	minimize	VERB
ajfa-5314	60	4	within	within	ADP
ajfa-5314	60	5	-	-	PUNCT
ajfa-5314	60	6	cluster	cluster	NOUN
ajfa-5314	60	7	variation	variation	NOUN
ajfa-5314	60	8	and	and	CCONJ
ajfa-5314	60	9	maximizing	maximize	VERB
ajfa-5314	60	10	between	between	ADP
ajfa-5314	60	11	-	-	PUNCT
ajfa-5314	60	12	cluster	cluster	NOUN
ajfa-5314	60	13	variation	variation	NOUN
ajfa-5314	60	14	.	.	PUNCT
ajfa-5314	61	1	according	accord	VERB
ajfa-5314	61	2	to	to	ADP
ajfa-5314	61	3	sharma	sharma	PROPN
ajfa-5314	61	4	and	and	CCONJ
ajfa-5314	61	5	wadhawan	wadhawan	NOUN
ajfa-5314	61	6	(	(	PUNCT
ajfa-5314	61	7	2009	2009	NUM
ajfa-5314	61	8	)	)	PUNCT
ajfa-5314	61	9	,	,	PUNCT
ajfa-5314	61	10	in	in	ADP
ajfa-5314	61	11	their	their	PRON
ajfa-5314	61	12	study	study	NOUN
ajfa-5314	61	13	on	on	ADP
ajfa-5314	61	14	using	use	VERB
ajfa-5314	61	15	cluster	cluster	NOUN
ajfa-5314	61	16	analysis	analysis	NOUN
ajfa-5314	61	17	on	on	ADP
ajfa-5314	61	18	small	small	ADJ
ajfa-5314	61	19	medium	medium	ADJ
ajfa-5314	61	20	enterprises	enterprise	NOUN
ajfa-5314	61	21	,	,	PUNCT
ajfa-5314	61	22	clustering	clustering	NOUN
ajfa-5314	61	23	is	be	AUX
ajfa-5314	61	24	explained	explain	VERB
ajfa-5314	61	25	as	as	ADP
ajfa-5314	61	26	a	a	DET
ajfa-5314	61	27	mathematical	mathematical	ADJ
ajfa-5314	61	28	method	method	NOUN
ajfa-5314	61	29	for	for	ADP
ajfa-5314	61	30	segregating	segregate	VERB
ajfa-5314	61	31	the	the	DET
ajfa-5314	61	32	observed	observe	VERB
ajfa-5314	61	33	data	datum	NOUN
ajfa-5314	61	34	into	into	ADP
ajfa-5314	61	35	groups	group	NOUN
ajfa-5314	61	36	so	so	SCONJ
ajfa-5314	61	37	as	as	SCONJ
ajfa-5314	61	38	to	to	PART
ajfa-5314	61	39	maximize	maximize	VERB
ajfa-5314	61	40	the	the	DET
ajfa-5314	61	41	similarity	similarity	NOUN
ajfa-5314	61	42	of	of	ADP
ajfa-5314	61	43	observations	observation	NOUN
ajfa-5314	61	44	within	within	ADP
ajfa-5314	61	45	the	the	DET
ajfa-5314	61	46	same	same	ADJ
ajfa-5314	61	47	group	group	NOUN
ajfa-5314	61	48	and	and	CCONJ
ajfa-5314	61	49	minimize	minimize	VERB
ajfa-5314	61	50	the	the	DET
ajfa-5314	61	51	similarity	similarity	NOUN
ajfa-5314	61	52	of	of	ADP
ajfa-5314	61	53	observations	observation	NOUN
ajfa-5314	61	54	across	across	ADP
ajfa-5314	61	55	different	different	ADJ
ajfa-5314	61	56	groups	group	NOUN
ajfa-5314	61	57	.	.	PUNCT
ajfa-5314	62	1	jensen	jensen	PROPN
ajfa-5314	62	2	and	and	CCONJ
ajfa-5314	62	3	meckling	meckling	NOUN
ajfa-5314	62	4	(	(	PUNCT
ajfa-5314	62	5	1976	1976	NUM
ajfa-5314	62	6	)	)	PUNCT
ajfa-5314	62	7	,	,	PUNCT
ajfa-5314	62	8	in	in	ADP
ajfa-5314	62	9	their	their	PRON
ajfa-5314	62	10	study	study	NOUN
ajfa-5314	62	11	on	on	ADP
ajfa-5314	62	12	using	use	VERB
ajfa-5314	62	13	cluster	cluster	NOUN
ajfa-5314	62	14	analysis	analysis	NOUN
ajfa-5314	62	15	to	to	PART
ajfa-5314	62	16	study	study	VERB
ajfa-5314	62	17	the	the	DET
ajfa-5314	62	18	financial	financial	ADJ
ajfa-5314	62	19	performance	performance	NOUN
ajfa-5314	62	20	of	of	ADP
ajfa-5314	62	21	business	business	NOUN
ajfa-5314	62	22	firms	firm	NOUN
ajfa-5314	62	23	,	,	PUNCT
ajfa-5314	62	24	said	say	VERB
ajfa-5314	62	25	that	that	SCONJ
ajfa-5314	62	26	cluster	cluster	NOUN
ajfa-5314	62	27	analysis	analysis	NOUN
ajfa-5314	62	28	is	be	AUX
ajfa-5314	62	29	about	about	ADP
ajfa-5314	62	30	“	"	PUNCT
ajfa-5314	62	31	classifying	classify	VERB
ajfa-5314	62	32	the	the	DET
ajfa-5314	62	33	entities	entity	NOUN
ajfa-5314	62	34	into	into	ADP
ajfa-5314	62	35	various	various	ADJ
ajfa-5314	62	36	clusters	cluster	NOUN
ajfa-5314	62	37	where	where	SCONJ
ajfa-5314	62	38	items	item	NOUN
ajfa-5314	62	39	"	"	PUNCT
ajfa-5314	62	40	within	within	ADP
ajfa-5314	62	41	"	"	PUNCT
ajfa-5314	62	42	a	a	DET
ajfa-5314	62	43	cluster	cluster	NOUN
ajfa-5314	62	44	are	be	AUX
ajfa-5314	62	45	deemed	deem	VERB
ajfa-5314	62	46	to	to	PART
ajfa-5314	62	47	be	be	AUX
ajfa-5314	62	48	more	more	ADV
ajfa-5314	62	49	homogeneous	homogeneous	ADJ
ajfa-5314	62	50	than	than	ADP
ajfa-5314	62	51	items	item	NOUN
ajfa-5314	62	52	"	"	PUNCT
ajfa-5314	62	53	between	between	ADP
ajfa-5314	62	54	"	"	PUNCT
ajfa-5314	62	55	clusters	cluster	NOUN
ajfa-5314	62	56	”	"	PUNCT
ajfa-5314	62	57	.	.	PUNCT
ajfa-5314	63	1	sharma	sharma	PROPN
ajfa-5314	63	2	and	and	CCONJ
ajfa-5314	63	3	wadhawan	wadhawan	NOUN
ajfa-5314	63	4	(	(	PUNCT
ajfa-5314	63	5	2009	2009	NUM
ajfa-5314	63	6	)	)	PUNCT
ajfa-5314	63	7	used	use	VERB
ajfa-5314	63	8	eleven	eleven	NUM
ajfa-5314	63	9	variables	variable	NOUN
ajfa-5314	63	10	and	and	CCONJ
ajfa-5314	63	11	produced	produce	VERB
ajfa-5314	63	12	three	three	NUM
ajfa-5314	63	13	clusters	cluster	NOUN
ajfa-5314	63	14	.	.	PUNCT
ajfa-5314	64	1	the	the	DET
ajfa-5314	64	2	objective	objective	NOUN
ajfa-5314	64	3	of	of	ADP
ajfa-5314	64	4	their	their	PRON
ajfa-5314	64	5	study	study	NOUN
ajfa-5314	64	6	is	be	AUX
ajfa-5314	64	7	to	to	PART
ajfa-5314	64	8	cluster	cluster	VERB
ajfa-5314	64	9	the	the	DET
ajfa-5314	64	10	successful	successful	ADJ
ajfa-5314	64	11	smes	sme	NOUN
ajfa-5314	64	12	based	base	VERB
ajfa-5314	64	13	on	on	ADP
ajfa-5314	64	14	their	their	PRON
ajfa-5314	64	15	growth	growth	NOUN
ajfa-5314	64	16	,	,	PUNCT
ajfa-5314	64	17	mode	mode	NOUN
ajfa-5314	64	18	and	and	CCONJ
ajfa-5314	64	19	strategies	strategy	NOUN
ajfa-5314	64	20	.	.	PUNCT
ajfa-5314	65	1	using	use	VERB
ajfa-5314	65	2	cluster	cluster	NOUN
ajfa-5314	65	3	analysis	analysis	NOUN
ajfa-5314	65	4	,	,	PUNCT
ajfa-5314	65	5	they	they	PRON
ajfa-5314	65	6	tried	try	VERB
ajfa-5314	65	7	to	to	PART
ajfa-5314	65	8	search	search	VERB
ajfa-5314	65	9	for	for	ADP
ajfa-5314	65	10	the	the	DET
ajfa-5314	65	11	common	common	ADJ
ajfa-5314	65	12	characteristics	characteristic	NOUN
ajfa-5314	65	13	between	between	ADP
ajfa-5314	65	14	the	the	DET
ajfa-5314	65	15	different	different	ADJ
ajfa-5314	65	16	types	type	NOUN
ajfa-5314	65	17	of	of	ADP
ajfa-5314	65	18	smes	sme	NOUN
ajfa-5314	65	19	.	.	PUNCT
ajfa-5314	66	1	3	3	X
ajfa-5314	66	2	.	.	X
ajfa-5314	66	3	research	research	NOUN
ajfa-5314	66	4	methodology	methodology	NOUN
ajfa-5314	66	5	3.1	3.1	NUM
ajfa-5314	66	6	sample	sample	NOUN
ajfa-5314	66	7	size	size	NOUN
ajfa-5314	66	8	in	in	ADP
ajfa-5314	66	9	this	this	DET
ajfa-5314	66	10	study	study	NOUN
ajfa-5314	66	11	,	,	PUNCT
ajfa-5314	66	12	financial	financial	ADJ
ajfa-5314	66	13	statements	statement	NOUN
ajfa-5314	66	14	from	from	ADP
ajfa-5314	66	15	the	the	DET
ajfa-5314	66	16	annual	annual	ADJ
ajfa-5314	66	17	reports	report	NOUN
ajfa-5314	66	18	of	of	ADP
ajfa-5314	66	19	companies	company	NOUN
ajfa-5314	66	20	from	from	ADP
ajfa-5314	66	21	the	the	DET
ajfa-5314	66	22	industrial	industrial	ADJ
ajfa-5314	66	23	products	product	NOUN
ajfa-5314	66	24	sector	sector	NOUN
ajfa-5314	66	25	as	as	SCONJ
ajfa-5314	66	26	listed	list	VERB
ajfa-5314	66	27	in	in	ADP
ajfa-5314	66	28	the	the	DET
ajfa-5314	66	29	bursa	bursa	NOUN
ajfa-5314	66	30	saham	saham	PROPN
ajfa-5314	66	31	malaysia	malaysia	PROPN
ajfa-5314	66	32	(	(	PUNCT
ajfa-5314	66	33	malaysian	malaysian	ADJ
ajfa-5314	66	34	stock	stock	NOUN
ajfa-5314	66	35	exchange	exchange	PROPN
ajfa-5314	66	36	)	)	PUNCT
ajfa-5314	66	37	are	be	AUX
ajfa-5314	66	38	used	use	VERB
ajfa-5314	66	39	in	in	ADP
ajfa-5314	66	40	this	this	DET
ajfa-5314	66	41	study	study	NOUN
ajfa-5314	66	42	.	.	PUNCT
ajfa-5314	67	1	the	the	DET
ajfa-5314	67	2	companies	company	NOUN
ajfa-5314	67	3	would	would	AUX
ajfa-5314	67	4	be	be	AUX
ajfa-5314	67	5	randomly	randomly	ADV
ajfa-5314	67	6	selected	select	VERB
ajfa-5314	67	7	and	and	CCONJ
ajfa-5314	67	8	analyzed	analyze	VERB
ajfa-5314	67	9	over	over	ADP
ajfa-5314	67	10	a	a	DET
ajfa-5314	67	11	period	period	NOUN
ajfa-5314	67	12	of	of	ADP
ajfa-5314	67	13	five	five	NUM
ajfa-5314	67	14	years	year	NOUN
ajfa-5314	67	15	from	from	ADP
ajfa-5314	67	16	2006	2006	NUM
ajfa-5314	67	17	to	to	ADP
ajfa-5314	67	18	2010	2010	NUM
ajfa-5314	67	19	.	.	PUNCT
ajfa-5314	68	1	3.2	3.2	NUM
ajfa-5314	68	2	selection	selection	NOUN
ajfa-5314	68	3	of	of	ADP
ajfa-5314	68	4	variables	variable	NOUN
ajfa-5314	68	5	twenty	twenty	NUM
ajfa-5314	68	6	-	-	PUNCT
ajfa-5314	68	7	one	one	NUM
ajfa-5314	68	8	ratios	ratio	NOUN
ajfa-5314	68	9	are	be	AUX
ajfa-5314	68	10	initially	initially	ADV
ajfa-5314	68	11	selected	select	VERB
ajfa-5314	68	12	and	and	CCONJ
ajfa-5314	68	13	classified	classify	VERB
ajfa-5314	68	14	into	into	ADP
ajfa-5314	68	15	five	five	NUM
ajfa-5314	68	16	groups	group	NOUN
ajfa-5314	68	17	.	.	PUNCT
ajfa-5314	69	1	the	the	DET
ajfa-5314	69	2	ratios	ratio	NOUN
ajfa-5314	69	3	are	be	AUX
ajfa-5314	69	4	chosen	choose	VERB
ajfa-5314	69	5	to	to	PART
ajfa-5314	69	6	ensure	ensure	VERB
ajfa-5314	69	7	that	that	SCONJ
ajfa-5314	69	8	all	all	DET
ajfa-5314	69	9	the	the	DET
ajfa-5314	69	10	financial	financial	ADJ
ajfa-5314	69	11	characteristics	characteristic	NOUN
ajfa-5314	69	12	of	of	ADP
ajfa-5314	69	13	the	the	DET
ajfa-5314	69	14	companies	company	NOUN
ajfa-5314	69	15	are	be	AUX
ajfa-5314	69	16	not	not	PART
ajfa-5314	69	17	excluded	exclude	VERB
ajfa-5314	69	18	.	.	PUNCT
ajfa-5314	70	1	the	the	DET
ajfa-5314	70	2	ratios	ratio	NOUN
ajfa-5314	70	3	asian	asian	ADJ
ajfa-5314	70	4	journal	journal	NOUN
ajfa-5314	70	5	of	of	ADP
ajfa-5314	70	6	finance	finance	PROPN
ajfa-5314	70	7	&	&	CCONJ
ajfa-5314	70	8	accounting	accounting	PROPN
ajfa-5314	70	9	issn	issn	PROPN
ajfa-5314	70	10	1946	1946	NUM
ajfa-5314	70	11	-	-	PUNCT
ajfa-5314	70	12	052x	052x	PROPN
ajfa-5314	70	13	2014	2014	NUM
ajfa-5314	70	14	,	,	PUNCT
ajfa-5314	70	15	vol	vol	NOUN
ajfa-5314	70	16	.	.	PROPN
ajfa-5314	70	17	6	6	NUM
ajfa-5314	70	18	,	,	PUNCT
ajfa-5314	70	19	no	no	INTJ
ajfa-5314	70	20	.	.	NOUN
ajfa-5314	70	21	1	1	NUM
ajfa-5314	70	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5314	70	23	241	241	NUM
ajfa-5314	70	24	are	be	AUX
ajfa-5314	70	25	grouped	group	VERB
ajfa-5314	70	26	under	under	ADP
ajfa-5314	70	27	five	five	NUM
ajfa-5314	70	28	main	main	ADJ
ajfa-5314	70	29	categories	category	NOUN
ajfa-5314	70	30	to	to	PART
ajfa-5314	70	31	illustrate	illustrate	VERB
ajfa-5314	70	32	and	and	CCONJ
ajfa-5314	70	33	represent	represent	VERB
ajfa-5314	70	34	the	the	DET
ajfa-5314	70	35	companies	company	NOUN
ajfa-5314	70	36	’	'	PUNCT
ajfa-5314	70	37	short	short	ADJ
ajfa-5314	70	38	-	-	PUNCT
ajfa-5314	70	39	term	term	NOUN
ajfa-5314	70	40	liquidity	liquidity	NOUN
ajfa-5314	70	41	and	and	CCONJ
ajfa-5314	70	42	cash	cash	NOUN
ajfa-5314	70	43	positions	position	NOUN
ajfa-5314	70	44	,	,	PUNCT
ajfa-5314	70	45	profitability	profitability	NOUN
ajfa-5314	70	46	performance	performance	NOUN
ajfa-5314	70	47	,	,	PUNCT
ajfa-5314	70	48	solvency	solvency	NOUN
ajfa-5314	70	49	and	and	CCONJ
ajfa-5314	70	50	leverage	leverage	NOUN
ajfa-5314	70	51	status	status	NOUN
ajfa-5314	70	52	and	and	CCONJ
ajfa-5314	70	53	the	the	DET
ajfa-5314	70	54	efficient	efficient	ADJ
ajfa-5314	70	55	utilization	utilization	NOUN
ajfa-5314	70	56	of	of	ADP
ajfa-5314	70	57	the	the	DET
ajfa-5314	70	58	company	company	NOUN
ajfa-5314	70	59	’s	’s	PART
ajfa-5314	70	60	assets	asset	NOUN
ajfa-5314	70	61	.	.	PUNCT
ajfa-5314	71	1	table	table	NOUN
ajfa-5314	71	2	1	1	NUM
ajfa-5314	71	3	below	below	ADV
ajfa-5314	71	4	shows	show	VERB
ajfa-5314	71	5	the	the	DET
ajfa-5314	71	6	groupings	grouping	NOUN
ajfa-5314	71	7	,	,	PUNCT
ajfa-5314	71	8	the	the	DET
ajfa-5314	71	9	financial	financial	ADJ
ajfa-5314	71	10	ratios	ratio	NOUN
ajfa-5314	71	11	and	and	CCONJ
ajfa-5314	71	12	their	their	PRON
ajfa-5314	71	13	codes	code	NOUN
ajfa-5314	71	14	used	use	VERB
ajfa-5314	71	15	in	in	ADP
ajfa-5314	71	16	the	the	DET
ajfa-5314	71	17	study	study	NOUN
ajfa-5314	71	18	”	"	PUNCT
ajfa-5314	71	19	table	table	NOUN
ajfa-5314	71	20	1	1	NUM
ajfa-5314	71	21	.	.	PUNCT
ajfa-5314	71	22	financial	financial	ADJ
ajfa-5314	71	23	ratios	ratio	NOUN
ajfa-5314	71	24	group	group	NOUN
ajfa-5314	71	25	1	1	NUM
ajfa-5314	71	26	:	:	PUNCT
ajfa-5314	71	27	shortterm	shortterm	PROPN
ajfa-5314	71	28	liquidity	liquidity	NOUN
ajfa-5314	71	29	group	group	NOUN
ajfa-5314	71	30	2	2	NUM
ajfa-5314	71	31	:	:	PUNCT
ajfa-5314	71	32	profitability	profitability	NOUN
ajfa-5314	71	33	working	work	VERB
ajfa-5314	71	34	capital	capital	NOUN
ajfa-5314	71	35	ratio	ratio	NOUN
ajfa-5314	71	36	quick	quick	ADJ
ajfa-5314	71	37	ratio	ratio	NOUN
ajfa-5314	71	38	wcr	wcr	PROPN
ajfa-5314	71	39	qr	qr	PROPN
ajfa-5314	71	40	earnings	earning	NOUN
ajfa-5314	71	41	b.	b.	PROPN
ajfa-5314	71	42	interest	interest	NOUN
ajfa-5314	71	43	and	and	CCONJ
ajfa-5314	71	44	tax	tax	NOUN
ajfa-5314	71	45	/	/	SYM
ajfa-5314	71	46	total	total	ADJ
ajfa-5314	71	47	assets	asset	NOUN
ajfa-5314	71	48	ebitta	ebitta	NOUN
ajfa-5314	71	49	working	work	VERB
ajfa-5314	71	50	capital	capital	NOUN
ajfa-5314	71	51	/	/	SYM
ajfa-5314	71	52	sales	sale	NOUN
ajfa-5314	71	53	cash	cash	NOUN
ajfa-5314	71	54	flow	flow	NOUN
ajfa-5314	71	55	/	/	SYM
ajfa-5314	71	56	sales	sale	NOUN
ajfa-5314	71	57	wcs	wcs	PROPN
ajfa-5314	71	58	cfs	cfs	PROPN
ajfa-5314	71	59	net	net	ADJ
ajfa-5314	71	60	profit	profit	NOUN
ajfa-5314	71	61	margin	margin	NOUN
ajfa-5314	71	62	net	net	ADJ
ajfa-5314	71	63	income	income	NOUN
ajfa-5314	71	64	/	/	SYM
ajfa-5314	71	65	total	total	ADJ
ajfa-5314	71	66	assets	asset	NOUN
ajfa-5314	71	67	np	np	ADP
ajfa-5314	71	68	nita	nita	PROPN
ajfa-5314	71	69	cash	cash	NOUN
ajfa-5314	71	70	flow	flow	NOUN
ajfa-5314	71	71	/	/	SYM
ajfa-5314	71	72	total	total	ADJ
ajfa-5314	71	73	assets	asset	NOUN
ajfa-5314	71	74	cfta	cfta	VERB
ajfa-5314	71	75	net	net	ADJ
ajfa-5314	71	76	income	income	NOUN
ajfa-5314	71	77	/	/	SYM
ajfa-5314	71	78	total	total	ADJ
ajfa-5314	71	79	debts	debt	NOUN
ajfa-5314	71	80	nitd	nitd	NOUN
ajfa-5314	71	81	cash	cash	NOUN
ajfa-5314	71	82	flow	flow	NOUN
ajfa-5314	71	83	/	/	SYM
ajfa-5314	72	1	total	total	ADJ
ajfa-5314	72	2	debts	debt	NOUN
ajfa-5314	72	3	cftd	cftd	PROPN
ajfa-5314	72	4	retained	retain	VERB
ajfa-5314	72	5	profit	profit	NOUN
ajfa-5314	72	6	/	/	SYM
ajfa-5314	72	7	total	total	ADJ
ajfa-5314	72	8	assets	asset	NOUN
ajfa-5314	72	9	rpta	rpta	NOUN
ajfa-5314	72	10	group	group	NOUN
ajfa-5314	72	11	3	3	NUM
ajfa-5314	72	12	:	:	PUNCT
ajfa-5314	72	13	cash	cash	NOUN
ajfa-5314	72	14	position	position	NOUN
ajfa-5314	72	15	group	group	NOUN
ajfa-5314	72	16	5	5	NUM
ajfa-5314	72	17	:	:	PUNCT
ajfa-5314	72	18	operating	operate	VERB
ajfa-5314	72	19	asset	asset	NOUN
ajfa-5314	72	20	efficiency	efficiency	NOUN
ajfa-5314	72	21	cash	cash	NOUN
ajfa-5314	72	22	/	/	SYM
ajfa-5314	72	23	sales	sale	NOUN
ajfa-5314	72	24	cs	cs	PROPN
ajfa-5314	72	25	debtors	debtor	NOUN
ajfa-5314	72	26	turnover	turnover	VERB
ajfa-5314	72	27	dt	dt	NOUN
ajfa-5314	72	28	cash	cash	NOUN
ajfa-5314	72	29	/	/	SYM
ajfa-5314	72	30	total	total	ADJ
ajfa-5314	72	31	assets	asset	NOUN
ajfa-5314	72	32	cta	cta	NOUN
ajfa-5314	72	33	inventory	inventory	NOUN
ajfa-5314	72	34	turnover	turnover	NOUN
ajfa-5314	72	35	it	it	PRON
ajfa-5314	72	36	cash	cash	NOUN
ajfa-5314	72	37	/	/	SYM
ajfa-5314	72	38	current	current	ADJ
ajfa-5314	72	39	liabilities	liability	NOUN
ajfa-5314	72	40	ccl	ccl	PROPN
ajfa-5314	72	41	total	total	ADJ
ajfa-5314	72	42	assets	asset	NOUN
ajfa-5314	72	43	turnover	turnover	NOUN
ajfa-5314	72	44	tat	tat	NOUN
ajfa-5314	72	45	cash	cash	NOUN
ajfa-5314	72	46	/	/	SYM
ajfa-5314	72	47	total	total	ADJ
ajfa-5314	72	48	debts	debt	NOUN
ajfa-5314	72	49	ctd	ctd	PROPN
ajfa-5314	72	50	group	group	PROPN
ajfa-5314	72	51	4	4	NUM
ajfa-5314	72	52	:	:	PUNCT
ajfa-5314	72	53	solvency	solvency	NOUN
ajfa-5314	72	54	&	&	CCONJ
ajfa-5314	72	55	leverage	leverage	NOUN
ajfa-5314	72	56	total	total	ADJ
ajfa-5314	72	57	debts	debt	NOUN
ajfa-5314	72	58	/	/	SYM
ajfa-5314	72	59	total	total	ADJ
ajfa-5314	72	60	assets	asset	NOUN
ajfa-5314	72	61	tdta	tdta	X
ajfa-5314	72	62	total	total	ADJ
ajfa-5314	72	63	debts	debt	NOUN
ajfa-5314	72	64	/	/	SYM
ajfa-5314	72	65	shareholders	shareholder	NOUN
ajfa-5314	72	66	fu	fu	NOUN
ajfa-5314	72	67	tdsf	tdsf	VERB
ajfa-5314	72	68	long	long	ADJ
ajfa-5314	72	69	term	term	NOUN
ajfa-5314	72	70	debt	debt	NOUN
ajfa-5314	72	71	/	/	SYM
ajfa-5314	72	72	total	total	ADJ
ajfa-5314	72	73	assets	asset	NOUN
ajfa-5314	72	74	ltdta	ltdta	VERB
ajfa-5314	72	75	3.3	3.3	NUM
ajfa-5314	72	76	factor	factor	NOUN
ajfa-5314	72	77	analysis	analysis	NOUN
ajfa-5314	72	78	factor	factor	NOUN
ajfa-5314	72	79	analysis	analysis	NOUN
ajfa-5314	72	80	is	be	AUX
ajfa-5314	72	81	a	a	DET
ajfa-5314	72	82	statistical	statistical	ADJ
ajfa-5314	72	83	tool	tool	NOUN
ajfa-5314	72	84	from	from	ADP
ajfa-5314	72	85	the	the	DET
ajfa-5314	72	86	spss	spss	PROPN
ajfa-5314	72	87	is	be	AUX
ajfa-5314	72	88	used	use	VERB
ajfa-5314	72	89	as	as	ADP
ajfa-5314	72	90	a	a	DET
ajfa-5314	72	91	data	data	NOUN
ajfa-5314	72	92	reduction	reduction	NOUN
ajfa-5314	72	93	technique	technique	NOUN
ajfa-5314	72	94	to	to	PART
ajfa-5314	72	95	reduce	reduce	VERB
ajfa-5314	72	96	the	the	DET
ajfa-5314	72	97	initial	initial	ADJ
ajfa-5314	72	98	set	set	NOUN
ajfa-5314	72	99	of	of	ADP
ajfa-5314	72	100	21	21	NUM
ajfa-5314	72	101	financial	financial	ADJ
ajfa-5314	72	102	ratios	ratio	NOUN
ajfa-5314	72	103	into	into	ADP
ajfa-5314	72	104	a	a	DET
ajfa-5314	72	105	more	more	ADV
ajfa-5314	72	106	parsimonious	parsimonious	ADJ
ajfa-5314	72	107	and	and	CCONJ
ajfa-5314	72	108	smaller	small	ADJ
ajfa-5314	72	109	set	set	NOUN
ajfa-5314	72	110	of	of	ADP
ajfa-5314	72	111	ratios	ratio	NOUN
ajfa-5314	72	112	to	to	PART
ajfa-5314	72	113	be	be	AUX
ajfa-5314	72	114	used	use	VERB
ajfa-5314	72	115	for	for	ADP
ajfa-5314	72	116	the	the	DET
ajfa-5314	72	117	classification	classification	NOUN
ajfa-5314	72	118	of	of	ADP
ajfa-5314	72	119	the	the	DET
ajfa-5314	72	120	70	70	NUM
ajfa-5314	72	121	companies	company	NOUN
ajfa-5314	72	122	according	accord	VERB
ajfa-5314	72	123	to	to	ADP
ajfa-5314	72	124	their	their	PRON
ajfa-5314	72	125	financial	financial	ADJ
ajfa-5314	72	126	performance	performance	NOUN
ajfa-5314	72	127	.	.	PUNCT
ajfa-5314	73	1	this	this	DET
ajfa-5314	73	2	statistical	statistical	ADJ
ajfa-5314	73	3	method	method	NOUN
ajfa-5314	73	4	examined	examine	VERB
ajfa-5314	73	5	the	the	DET
ajfa-5314	73	6	interrelationships	interrelationship	NOUN
ajfa-5314	73	7	among	among	ADP
ajfa-5314	73	8	a	a	DET
ajfa-5314	73	9	large	large	ADJ
ajfa-5314	73	10	number	number	NOUN
ajfa-5314	73	11	of	of	ADP
ajfa-5314	73	12	variables	variable	NOUN
ajfa-5314	73	13	and	and	CCONJ
ajfa-5314	73	14	then	then	ADV
ajfa-5314	73	15	tries	try	VERB
ajfa-5314	73	16	to	to	PART
ajfa-5314	73	17	explain	explain	VERB
ajfa-5314	73	18	them	they	PRON
ajfa-5314	73	19	in	in	ADP
ajfa-5314	73	20	accordance	accordance	NOUN
ajfa-5314	73	21	to	to	ADP
ajfa-5314	73	22	their	their	PRON
ajfa-5314	73	23	underlying	underlie	VERB
ajfa-5314	73	24	characteristics	characteristic	NOUN
ajfa-5314	73	25	called	call	VERB
ajfa-5314	73	26	factors	factor	NOUN
ajfa-5314	73	27	.	.	PUNCT
ajfa-5314	74	1	according	accord	VERB
ajfa-5314	74	2	to	to	ADP
ajfa-5314	74	3	hair	hair	NOUN
ajfa-5314	74	4	et	et	PROPN
ajfa-5314	74	5	al	al	PROPN
ajfa-5314	74	6	.	.	PUNCT
ajfa-5314	75	1	(	(	PUNCT
ajfa-5314	75	2	2009	2009	NUM
ajfa-5314	75	3	)	)	PUNCT
ajfa-5314	75	4	,	,	PUNCT
ajfa-5314	75	5	for	for	SCONJ
ajfa-5314	75	6	factor	factor	NOUN
ajfa-5314	75	7	analysis	analysis	NOUN
ajfa-5314	75	8	to	to	PART
ajfa-5314	75	9	be	be	AUX
ajfa-5314	75	10	used	use	VERB
ajfa-5314	75	11	effectively	effectively	ADV
ajfa-5314	75	12	,	,	PUNCT
ajfa-5314	75	13	there	there	PRON
ajfa-5314	75	14	should	should	AUX
ajfa-5314	75	15	be	be	AUX
ajfa-5314	75	16	at	at	ADV
ajfa-5314	75	17	least	least	ADJ
ajfa-5314	75	18	five	five	NUM
ajfa-5314	75	19	variables	variable	NOUN
ajfa-5314	75	20	,	,	PUNCT
ajfa-5314	75	21	that	that	SCONJ
ajfa-5314	75	22	there	there	PRON
ajfa-5314	75	23	should	should	AUX
ajfa-5314	75	24	be	be	AUX
ajfa-5314	75	25	more	more	ADJ
ajfa-5314	75	26	observations	observation	NOUN
ajfa-5314	75	27	than	than	ADP
ajfa-5314	75	28	the	the	DET
ajfa-5314	75	29	variables	variable	NOUN
ajfa-5314	75	30	and	and	CCONJ
ajfa-5314	75	31	that	that	SCONJ
ajfa-5314	75	32	the	the	DET
ajfa-5314	75	33	minimum	minimum	ADJ
ajfa-5314	75	34	absolute	absolute	ADJ
ajfa-5314	75	35	sample	sample	NOUN
ajfa-5314	75	36	size	size	NOUN
ajfa-5314	75	37	should	should	AUX
ajfa-5314	75	38	be	be	AUX
ajfa-5314	75	39	50	50	NUM
ajfa-5314	75	40	observations	observation	NOUN
ajfa-5314	75	41	.	.	PUNCT
ajfa-5314	76	1	in	in	ADP
ajfa-5314	76	2	this	this	DET
ajfa-5314	76	3	study	study	NOUN
ajfa-5314	76	4	,	,	PUNCT
ajfa-5314	76	5	the	the	DET
ajfa-5314	76	6	sample	sample	NOUN
ajfa-5314	76	7	size	size	NOUN
ajfa-5314	76	8	is	be	AUX
ajfa-5314	76	9	70	70	NUM
ajfa-5314	76	10	companies	company	NOUN
ajfa-5314	76	11	covering	cover	VERB
ajfa-5314	76	12	a	a	DET
ajfa-5314	76	13	period	period	NOUN
ajfa-5314	76	14	five	five	NUM
ajfa-5314	76	15	years	year	NOUN
ajfa-5314	76	16	giving	give	VERB
ajfa-5314	76	17	a	a	DET
ajfa-5314	76	18	total	total	NOUN
ajfa-5314	76	19	of	of	ADP
ajfa-5314	76	20	350	350	NUM
ajfa-5314	76	21	observations	observation	NOUN
ajfa-5314	76	22	.	.	PUNCT
ajfa-5314	77	1	to	to	PART
ajfa-5314	77	2	determine	determine	VERB
ajfa-5314	77	3	the	the	DET
ajfa-5314	77	4	number	number	NOUN
ajfa-5314	77	5	of	of	ADP
ajfa-5314	77	6	factors	factor	NOUN
ajfa-5314	77	7	to	to	PART
ajfa-5314	77	8	extract	extract	VERB
ajfa-5314	77	9	,	,	PUNCT
ajfa-5314	77	10	this	this	DET
ajfa-5314	77	11	study	study	NOUN
ajfa-5314	77	12	will	will	AUX
ajfa-5314	77	13	use	use	VERB
ajfa-5314	77	14	the	the	DET
ajfa-5314	77	15	latent	latent	NOUN
ajfa-5314	77	16	root	root	NOUN
ajfa-5314	77	17	criterion	criterion	NOUN
ajfa-5314	77	18	which	which	PRON
ajfa-5314	77	19	sets	set	VERB
ajfa-5314	77	20	a	a	DET
ajfa-5314	77	21	threshold	threshold	NOUN
ajfa-5314	77	22	value	value	NOUN
ajfa-5314	77	23	for	for	ADP
ajfa-5314	77	24	assessing	assess	VERB
ajfa-5314	77	25	the	the	DET
ajfa-5314	77	26	eigenvalues	eigenvalue	NOUN
ajfa-5314	77	27	of	of	ADP
ajfa-5314	77	28	the	the	DET
ajfa-5314	77	29	derived	derive	VERB
ajfa-5314	77	30	factors	factor	NOUN
ajfa-5314	77	31	.	.	PUNCT
ajfa-5314	78	1	this	this	PRON
ajfa-5314	78	2	means	mean	VERB
ajfa-5314	78	3	that	that	SCONJ
ajfa-5314	78	4	only	only	ADJ
ajfa-5314	78	5	factors	factor	NOUN
ajfa-5314	78	6	with	with	ADP
ajfa-5314	78	7	an	an	DET
ajfa-5314	78	8	eigenvalue	eigenvalue	NOUN
ajfa-5314	78	9	of	of	ADP
ajfa-5314	78	10	more	more	ADJ
ajfa-5314	78	11	than	than	ADP
ajfa-5314	78	12	1	1	NUM
ajfa-5314	78	13	will	will	AUX
ajfa-5314	78	14	be	be	AUX
ajfa-5314	78	15	considered	consider	VERB
ajfa-5314	78	16	as	as	ADV
ajfa-5314	78	17	significant	significant	ADJ
ajfa-5314	78	18	and	and	CCONJ
ajfa-5314	78	19	will	will	AUX
ajfa-5314	78	20	be	be	AUX
ajfa-5314	78	21	extracted	extract	VERB
ajfa-5314	78	22	.	.	PUNCT
ajfa-5314	79	1	there	there	PRON
ajfa-5314	79	2	must	must	AUX
ajfa-5314	79	3	be	be	AUX
ajfa-5314	79	4	multicollinerity	multicollinerity	NOUN
ajfa-5314	79	5	in	in	ADP
ajfa-5314	79	6	the	the	DET
ajfa-5314	79	7	variables	variable	NOUN
ajfa-5314	79	8	and	and	CCONJ
ajfa-5314	79	9	this	this	PRON
ajfa-5314	79	10	is	be	AUX
ajfa-5314	79	11	assumed	assume	VERB
ajfa-5314	79	12	to	to	PART
ajfa-5314	79	13	be	be	AUX
ajfa-5314	79	14	the	the	DET
ajfa-5314	79	15	case	case	NOUN
ajfa-5314	79	16	before	before	ADP
ajfa-5314	79	17	factorizing	factorize	VERB
ajfa-5314	79	18	..	..	PUNCT
ajfa-5314	80	1	the	the	DET
ajfa-5314	80	2	variables	variable	NOUN
ajfa-5314	80	3	must	must	AUX
ajfa-5314	80	4	be	be	AUX
ajfa-5314	80	5	interrelated	interrelate	VERB
ajfa-5314	80	6	,	,	PUNCT
ajfa-5314	80	7	whether	whether	SCONJ
ajfa-5314	80	8	strongly	strongly	ADV
ajfa-5314	80	9	or	or	CCONJ
ajfa-5314	80	10	not	not	PART
ajfa-5314	80	11	,	,	PUNCT
ajfa-5314	80	12	as	as	SCONJ
ajfa-5314	80	13	the	the	DET
ajfa-5314	80	14	analysis	analysis	NOUN
ajfa-5314	80	15	aims	aim	VERB
ajfa-5314	80	16	to	to	PART
ajfa-5314	80	17	find	find	VERB
ajfa-5314	80	18	the	the	DET
ajfa-5314	80	19	underlying	underlie	VERB
ajfa-5314	80	20	common	common	ADJ
ajfa-5314	80	21	characteristics	characteristic	NOUN
ajfa-5314	80	22	among	among	ADP
ajfa-5314	80	23	the	the	DET
ajfa-5314	80	24	variables	variable	NOUN
ajfa-5314	80	25	.	.	PUNCT
ajfa-5314	81	1	if	if	SCONJ
ajfa-5314	81	2	each	each	DET
ajfa-5314	81	3	variable	variable	NOUN
ajfa-5314	81	4	is	be	AUX
ajfa-5314	81	5	not	not	PART
ajfa-5314	81	6	related	relate	VERB
ajfa-5314	81	7	to	to	ADP
ajfa-5314	81	8	asian	asian	ADJ
ajfa-5314	81	9	journal	journal	NOUN
ajfa-5314	81	10	of	of	ADP
ajfa-5314	81	11	finance	finance	PROPN
ajfa-5314	81	12	&	&	CCONJ
ajfa-5314	81	13	accounting	accounting	PROPN
ajfa-5314	81	14	issn	issn	PROPN
ajfa-5314	81	15	1946	1946	NUM
ajfa-5314	81	16	-	-	PUNCT
ajfa-5314	81	17	052x	052x	PROPN
ajfa-5314	81	18	2014	2014	NUM
ajfa-5314	81	19	,	,	PUNCT
ajfa-5314	81	20	vol	vol	NOUN
ajfa-5314	81	21	.	.	PROPN
ajfa-5314	81	22	6	6	NUM
ajfa-5314	81	23	,	,	PUNCT
ajfa-5314	81	24	no	no	INTJ
ajfa-5314	81	25	.	.	NOUN
ajfa-5314	81	26	1	1	NUM
ajfa-5314	81	27	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5314	81	28	242	242	NUM
ajfa-5314	81	29	another	another	PRON
ajfa-5314	81	30	,	,	PUNCT
ajfa-5314	81	31	then	then	ADV
ajfa-5314	81	32	each	each	DET
ajfa-5314	81	33	variable	variable	NOUN
ajfa-5314	81	34	will	will	AUX
ajfa-5314	81	35	be	be	AUX
ajfa-5314	81	36	its	its	PRON
ajfa-5314	81	37	own	own	ADJ
ajfa-5314	81	38	factor	factor	NOUN
ajfa-5314	81	39	as	as	SCONJ
ajfa-5314	81	40	factor	factor	NOUN
ajfa-5314	81	41	analysis	analysis	NOUN
ajfa-5314	81	42	has	have	VERB
ajfa-5314	81	43	no	no	DET
ajfa-5314	81	44	common	common	ADJ
ajfa-5314	81	45	underlying	underlie	VERB
ajfa-5314	81	46	dimensions	dimension	NOUN
ajfa-5314	81	47	with	with	ADP
ajfa-5314	81	48	which	which	PRON
ajfa-5314	81	49	to	to	PART
ajfa-5314	81	50	create	create	VERB
ajfa-5314	81	51	factors	factor	NOUN
ajfa-5314	81	52	.	.	PUNCT
ajfa-5314	82	1	therefore	therefore	ADV
ajfa-5314	82	2	,	,	PUNCT
ajfa-5314	82	3	tests	test	NOUN
ajfa-5314	82	4	of	of	ADP
ajfa-5314	82	5	appropriateness	appropriateness	NOUN
ajfa-5314	82	6	will	will	AUX
ajfa-5314	82	7	be	be	AUX
ajfa-5314	82	8	undertaken	undertake	VERB
ajfa-5314	82	9	with	with	ADP
ajfa-5314	82	10	the	the	DET
ajfa-5314	82	11	test	test	NOUN
ajfa-5314	82	12	of	of	ADP
ajfa-5314	82	13	sphericity	sphericity	NOUN
ajfa-5314	82	14	and	and	CCONJ
ajfa-5314	82	15	the	the	DET
ajfa-5314	82	16	measure	measure	NOUN
ajfa-5314	82	17	of	of	ADP
ajfa-5314	82	18	sampling	sample	VERB
ajfa-5314	82	19	adequacy	adequacy	NOUN
ajfa-5314	82	20	(	(	PUNCT
ajfa-5314	82	21	msa	msa	PROPN
ajfa-5314	82	22	)	)	PUNCT
ajfa-5314	82	23	will	will	AUX
ajfa-5314	82	24	be	be	AUX
ajfa-5314	82	25	utilized	utilize	VERB
ajfa-5314	82	26	.	.	PUNCT
ajfa-5314	83	1	the	the	DET
ajfa-5314	83	2	bartlett	bartlett	PROPN
ajfa-5314	83	3	test	test	NOUN
ajfa-5314	83	4	of	of	ADP
ajfa-5314	83	5	sphericity	sphericity	PROPN
ajfa-5314	83	6	test	test	VERB
ajfa-5314	83	7	the	the	DET
ajfa-5314	83	8	null	null	ADJ
ajfa-5314	83	9	hypothesis	hypothesis	NOUN
ajfa-5314	83	10	that	that	SCONJ
ajfa-5314	83	11	the	the	DET
ajfa-5314	83	12	correlation	correlation	NOUN
ajfa-5314	83	13	matrix	matrix	NOUN
ajfa-5314	83	14	is	be	AUX
ajfa-5314	83	15	an	an	DET
ajfa-5314	83	16	identity	identity	NOUN
ajfa-5314	83	17	matrix	matrix	NOUN
ajfa-5314	83	18	where	where	SCONJ
ajfa-5314	83	19	all	all	DET
ajfa-5314	83	20	the	the	DET
ajfa-5314	83	21	diagonal	diagonal	ADJ
ajfa-5314	83	22	elements	element	NOUN
ajfa-5314	83	23	is	be	AUX
ajfa-5314	83	24	1	1	NUM
ajfa-5314	83	25	and	and	CCONJ
ajfa-5314	83	26	the	the	DET
ajfa-5314	83	27	off	off	ADJ
ajfa-5314	83	28	diagonal	diagonal	ADJ
ajfa-5314	83	29	elements	element	NOUN
ajfa-5314	83	30	is	be	AUX
ajfa-5314	83	31	0	0	NUM
ajfa-5314	83	32	and	and	CCONJ
ajfa-5314	83	33	this	this	DET
ajfa-5314	83	34	null	null	ADJ
ajfa-5314	83	35	hypothesis	hypothesis	NOUN
ajfa-5314	83	36	must	must	AUX
ajfa-5314	83	37	be	be	AUX
ajfa-5314	83	38	rejected	reject	VERB
ajfa-5314	83	39	.	.	PUNCT
ajfa-5314	84	1	the	the	DET
ajfa-5314	84	2	bartlett	bartlett	PROPN
ajfa-5314	84	3	test	test	NOUN
ajfa-5314	84	4	must	must	AUX
ajfa-5314	84	5	have	have	VERB
ajfa-5314	84	6	a	a	DET
ajfa-5314	84	7	p	p	NOUN
ajfa-5314	84	8	-	-	PUNCT
ajfa-5314	84	9	value	value	NOUN
ajfa-5314	84	10	of	of	ADP
ajfa-5314	84	11	<	<	X
ajfa-5314	84	12	0.05	0.05	NUM
ajfa-5314	84	13	to	to	PART
ajfa-5314	84	14	indicate	indicate	VERB
ajfa-5314	84	15	that	that	SCONJ
ajfa-5314	84	16	sufficient	sufficient	ADJ
ajfa-5314	84	17	correlations	correlation	NOUN
ajfa-5314	84	18	exist	exist	VERB
ajfa-5314	84	19	among	among	ADP
ajfa-5314	84	20	the	the	DET
ajfa-5314	84	21	variables	variable	NOUN
ajfa-5314	84	22	.	.	PUNCT
ajfa-5314	85	1	the	the	DET
ajfa-5314	85	2	measure	measure	NOUN
ajfa-5314	85	3	of	of	ADP
ajfa-5314	85	4	sampling	sample	VERB
ajfa-5314	85	5	adequacy	adequacy	NOUN
ajfa-5314	85	6	is	be	AUX
ajfa-5314	85	7	measured	measure	VERB
ajfa-5314	85	8	by	by	ADP
ajfa-5314	85	9	the	the	DET
ajfa-5314	85	10	kaiser	kaiser	PROPN
ajfa-5314	85	11	-	-	PUNCT
ajfa-5314	85	12	meyer	meyer	PROPN
ajfa-5314	85	13	-	-	PUNCT
ajfa-5314	85	14	olkin	olkin	PROPN
ajfa-5314	85	15	(	(	PUNCT
ajfa-5314	85	16	kmo	kmo	NOUN
ajfa-5314	85	17	)	)	PUNCT
ajfa-5314	85	18	statistic	statistic	NOUN
ajfa-5314	85	19	.	.	PUNCT
ajfa-5314	86	1	if	if	SCONJ
ajfa-5314	86	2	the	the	DET
ajfa-5314	86	3	variables	variable	NOUN
ajfa-5314	86	4	(	(	PUNCT
ajfa-5314	86	5	financial	financial	ADJ
ajfa-5314	86	6	ratios	ratio	NOUN
ajfa-5314	86	7	)	)	PUNCT
ajfa-5314	86	8	are	be	AUX
ajfa-5314	86	9	correlated	correlate	VERB
ajfa-5314	86	10	or	or	CCONJ
ajfa-5314	86	11	at	at	ADP
ajfa-5314	86	12	least	least	ADJ
ajfa-5314	86	13	partially	partially	ADV
ajfa-5314	86	14	correlated	correlate	VERB
ajfa-5314	86	15	,	,	PUNCT
ajfa-5314	86	16	then	then	ADV
ajfa-5314	86	17	the	the	DET
ajfa-5314	86	18	kmo	kmo	PROPN
ajfa-5314	86	19	statistic	statistic	NOUN
ajfa-5314	86	20	will	will	AUX
ajfa-5314	86	21	predict	predict	VERB
ajfa-5314	86	22	that	that	SCONJ
ajfa-5314	86	23	the	the	DET
ajfa-5314	86	24	variables	variable	NOUN
ajfa-5314	86	25	used	use	VERB
ajfa-5314	86	26	will	will	AUX
ajfa-5314	86	27	factor	factor	VERB
ajfa-5314	86	28	well	well	ADV
ajfa-5314	86	29	and	and	CCONJ
ajfa-5314	86	30	it	it	PRON
ajfa-5314	86	31	can	can	AUX
ajfa-5314	86	32	also	also	ADV
ajfa-5314	86	33	identify	identify	VERB
ajfa-5314	86	34	the	the	DET
ajfa-5314	86	35	variables	variable	NOUN
ajfa-5314	86	36	that	that	PRON
ajfa-5314	86	37	need	need	VERB
ajfa-5314	86	38	to	to	PART
ajfa-5314	86	39	be	be	AUX
ajfa-5314	86	40	taken	take	VERB
ajfa-5314	86	41	out	out	ADP
ajfa-5314	86	42	of	of	ADP
ajfa-5314	86	43	the	the	DET
ajfa-5314	86	44	analysis	analysis	NOUN
ajfa-5314	86	45	due	due	ADP
ajfa-5314	86	46	to	to	ADP
ajfa-5314	86	47	lack	lack	NOUN
ajfa-5314	86	48	of	of	ADP
ajfa-5314	86	49	interrelationship	interrelationship	NOUN
ajfa-5314	86	50	.	.	PUNCT
ajfa-5314	87	1	the	the	DET
ajfa-5314	87	2	kmo	kmo	PROPN
ajfa-5314	87	3	statistic	statistic	PROPN
ajfa-5314	87	4	varies	vary	VERB
ajfa-5314	87	5	between	between	ADP
ajfa-5314	87	6	0	0	NUM
ajfa-5314	87	7	and	and	CCONJ
ajfa-5314	87	8	1	1	NUM
ajfa-5314	87	9	,	,	PUNCT
ajfa-5314	87	10	and	and	CCONJ
ajfa-5314	87	11	values	value	NOUN
ajfa-5314	87	12	closer	close	ADV
ajfa-5314	87	13	to	to	ADP
ajfa-5314	87	14	1	1	NUM
ajfa-5314	87	15	are	be	AUX
ajfa-5314	87	16	better	well	ADJ
ajfa-5314	87	17	.	.	PUNCT
ajfa-5314	88	1	if	if	SCONJ
ajfa-5314	88	2	the	the	DET
ajfa-5314	88	3	reading	reading	NOUN
ajfa-5314	88	4	is	be	AUX
ajfa-5314	88	5	less	less	ADJ
ajfa-5314	88	6	than	than	ADP
ajfa-5314	88	7	0.5	0.5	NUM
ajfa-5314	88	8	then	then	ADV
ajfa-5314	88	9	the	the	DET
ajfa-5314	88	10	variable	variable	NOUN
ajfa-5314	88	11	with	with	ADP
ajfa-5314	88	12	the	the	DET
ajfa-5314	88	13	lowest	low	ADJ
ajfa-5314	88	14	individual	individual	ADJ
ajfa-5314	88	15	kmo	kmo	PROPN
ajfa-5314	88	16	statistic	statistic	NOUN
ajfa-5314	88	17	value	value	NOUN
ajfa-5314	88	18	will	will	AUX
ajfa-5314	88	19	be	be	AUX
ajfa-5314	88	20	removed	remove	VERB
ajfa-5314	88	21	one	one	NUM
ajfa-5314	88	22	at	at	ADP
ajfa-5314	88	23	a	a	DET
ajfa-5314	88	24	time	time	NOUN
ajfa-5314	88	25	until	until	SCONJ
ajfa-5314	88	26	the	the	DET
ajfa-5314	88	27	kmo	kmo	PROPN
ajfa-5314	88	28	overall	overall	ADJ
ajfa-5314	88	29	rises	rise	NOUN
ajfa-5314	88	30	above	above	ADP
ajfa-5314	88	31	.50	.50	NUM
ajfa-5314	88	32	,	,	PUNCT
ajfa-5314	88	33	as	as	ADV
ajfa-5314	88	34	well	well	ADV
ajfa-5314	88	35	as	as	ADP
ajfa-5314	88	36	when	when	SCONJ
ajfa-5314	88	37	each	each	DET
ajfa-5314	88	38	individual	individual	ADJ
ajfa-5314	88	39	variable	variable	ADJ
ajfa-5314	88	40	kmo	kmo	PROPN
ajfa-5314	88	41	is	be	AUX
ajfa-5314	88	42	above	above	ADP
ajfa-5314	88	43	.50	.50	NUM
ajfa-5314	88	44	.	.	PUNCT
ajfa-5314	89	1	3.4	3.4	NUM
ajfa-5314	89	2	cluster	cluster	NOUN
ajfa-5314	89	3	analysis	analysis	NOUN
ajfa-5314	89	4	after	after	ADP
ajfa-5314	89	5	factor	factor	NOUN
ajfa-5314	89	6	analysis	analysis	NOUN
ajfa-5314	89	7	,	,	PUNCT
ajfa-5314	89	8	the	the	DET
ajfa-5314	89	9	smaller	small	ADJ
ajfa-5314	89	10	set	set	NOUN
ajfa-5314	89	11	of	of	ADP
ajfa-5314	89	12	ratios	ratio	NOUN
ajfa-5314	89	13	is	be	AUX
ajfa-5314	89	14	then	then	ADV
ajfa-5314	89	15	used	use	VERB
ajfa-5314	89	16	in	in	ADP
ajfa-5314	89	17	another	another	DET
ajfa-5314	89	18	statistical	statistical	ADJ
ajfa-5314	89	19	technique	technique	NOUN
ajfa-5314	89	20	called	call	VERB
ajfa-5314	89	21	cluster	cluster	NOUN
ajfa-5314	89	22	analysis	analysis	NOUN
ajfa-5314	89	23	from	from	ADP
ajfa-5314	89	24	the	the	DET
ajfa-5314	89	25	spss	spss	PROPN
ajfa-5314	89	26	to	to	PART
ajfa-5314	89	27	classify	classify	VERB
ajfa-5314	89	28	the	the	DET
ajfa-5314	89	29	sample	sample	NOUN
ajfa-5314	89	30	companies	company	NOUN
ajfa-5314	89	31	into	into	ADP
ajfa-5314	89	32	four	four	NUM
ajfa-5314	89	33	clusters	cluster	NOUN
ajfa-5314	89	34	:	:	PUNCT
ajfa-5314	89	35	good	good	ADJ
ajfa-5314	89	36	,	,	PUNCT
ajfa-5314	89	37	above	above	ADP
ajfa-5314	89	38	average	average	ADJ
ajfa-5314	89	39	,	,	PUNCT
ajfa-5314	89	40	below	below	ADP
ajfa-5314	89	41	average	average	ADJ
ajfa-5314	89	42	and	and	CCONJ
ajfa-5314	89	43	poor	poor	ADJ
ajfa-5314	89	44	performers	performer	NOUN
ajfa-5314	89	45	.	.	PUNCT
ajfa-5314	90	1	companies	company	NOUN
ajfa-5314	90	2	are	be	AUX
ajfa-5314	90	3	clustered	cluster	VERB
ajfa-5314	90	4	in	in	ADP
ajfa-5314	90	5	the	the	DET
ajfa-5314	90	6	same	same	ADJ
ajfa-5314	90	7	group	group	NOUN
ajfa-5314	90	8	where	where	SCONJ
ajfa-5314	90	9	the	the	DET
ajfa-5314	90	10	degree	degree	NOUN
ajfa-5314	90	11	of	of	ADP
ajfa-5314	90	12	association	association	NOUN
ajfa-5314	90	13	is	be	AUX
ajfa-5314	90	14	strong	strong	ADJ
ajfa-5314	90	15	between	between	ADP
ajfa-5314	90	16	companies	company	NOUN
ajfa-5314	90	17	in	in	ADP
ajfa-5314	90	18	that	that	DET
ajfa-5314	90	19	group	group	NOUN
ajfa-5314	90	20	and	and	CCONJ
ajfa-5314	90	21	association	association	NOUN
ajfa-5314	90	22	is	be	AUX
ajfa-5314	90	23	weak	weak	ADJ
ajfa-5314	90	24	between	between	ADP
ajfa-5314	90	25	members	member	NOUN
ajfa-5314	90	26	of	of	ADP
ajfa-5314	90	27	different	different	ADJ
ajfa-5314	90	28	clusters	cluster	NOUN
ajfa-5314	90	29	.	.	PUNCT
ajfa-5314	91	1	this	this	PRON
ajfa-5314	91	2	is	be	AUX
ajfa-5314	91	3	minimizing	minimize	VERB
ajfa-5314	91	4	within	within	ADP
ajfa-5314	91	5	-	-	PUNCT
ajfa-5314	91	6	cluster	cluster	NOUN
ajfa-5314	91	7	variation	variation	NOUN
ajfa-5314	91	8	and	and	CCONJ
ajfa-5314	91	9	maximizing	maximize	VERB
ajfa-5314	91	10	between	between	ADP
ajfa-5314	91	11	-	-	PUNCT
ajfa-5314	91	12	cluster	cluster	NOUN
ajfa-5314	91	13	variation	variation	NOUN
ajfa-5314	91	14	.	.	PUNCT
ajfa-5314	92	1	for	for	ADP
ajfa-5314	92	2	this	this	DET
ajfa-5314	92	3	study	study	NOUN
ajfa-5314	92	4	,	,	PUNCT
ajfa-5314	92	5	the	the	DET
ajfa-5314	92	6	k	k	NOUN
ajfa-5314	92	7	-	-	PUNCT
ajfa-5314	92	8	means	mean	VERB
ajfa-5314	92	9	clustering	clustering	NOUN
ajfa-5314	92	10	method	method	NOUN
ajfa-5314	92	11	will	will	AUX
ajfa-5314	92	12	be	be	AUX
ajfa-5314	92	13	employed	employ	VERB
ajfa-5314	92	14	.	.	PUNCT
ajfa-5314	93	1	the	the	DET
ajfa-5314	93	2	k	k	NOUN
ajfa-5314	93	3	-	-	PUNCT
ajfa-5314	93	4	means	means	NOUN
ajfa-5314	93	5	algorithm	algorithm	NOUN
ajfa-5314	93	6	method	method	NOUN
ajfa-5314	93	7	is	be	AUX
ajfa-5314	93	8	a	a	DET
ajfa-5314	93	9	partitioning	partitioning	ADJ
ajfa-5314	93	10	clustering	cluster	VERB
ajfa-5314	93	11	approach	approach	NOUN
ajfa-5314	93	12	in	in	ADP
ajfa-5314	93	13	the	the	DET
ajfa-5314	93	14	k	k	NOUN
ajfa-5314	93	15	-	-	PUNCT
ajfa-5314	93	16	means	mean	VERB
ajfa-5314	93	17	analysis	analysis	NOUN
ajfa-5314	93	18	,	,	PUNCT
ajfa-5314	93	19	the	the	DET
ajfa-5314	93	20	number	number	NOUN
ajfa-5314	93	21	of	of	ADP
ajfa-5314	93	22	clusters	cluster	NOUN
ajfa-5314	93	23	(	(	PUNCT
ajfa-5314	93	24	k	k	PROPN
ajfa-5314	93	25	clusters	cluster	NOUN
ajfa-5314	93	26	)	)	PUNCT
ajfa-5314	93	27	is	be	AUX
ajfa-5314	93	28	initially	initially	ADV
ajfa-5314	93	29	specified	specify	VERB
ajfa-5314	93	30	.	.	PUNCT
ajfa-5314	94	1	each	each	DET
ajfa-5314	94	2	cluster	cluster	NOUN
ajfa-5314	94	3	will	will	AUX
ajfa-5314	94	4	have	have	VERB
ajfa-5314	94	5	a	a	DET
ajfa-5314	94	6	centroid	centroid	NOUN
ajfa-5314	94	7	to	to	PART
ajfa-5314	94	8	be	be	AUX
ajfa-5314	94	9	called	call	VERB
ajfa-5314	94	10	the	the	DET
ajfa-5314	94	11	k	k	PROPN
ajfa-5314	94	12	centroid	centroid	PROPN
ajfa-5314	94	13	.	.	PUNCT
ajfa-5314	95	1	the	the	DET
ajfa-5314	95	2	characteristics	characteristic	NOUN
ajfa-5314	95	3	of	of	ADP
ajfa-5314	95	4	a	a	DET
ajfa-5314	95	5	cluster	cluster	NOUN
ajfa-5314	95	6	are	be	AUX
ajfa-5314	95	7	the	the	DET
ajfa-5314	95	8	centroid	centroid	NOUN
ajfa-5314	95	9	or	or	CCONJ
ajfa-5314	95	10	average	average	ADJ
ajfa-5314	95	11	values	value	NOUN
ajfa-5314	95	12	of	of	ADP
ajfa-5314	95	13	the	the	DET
ajfa-5314	95	14	characteristic	characteristic	NOUN
ajfa-5314	95	15	of	of	ADP
ajfa-5314	95	16	the	the	DET
ajfa-5314	95	17	variables	variable	NOUN
ajfa-5314	95	18	comprising	comprise	VERB
ajfa-5314	95	19	the	the	DET
ajfa-5314	95	20	cluster	cluster	NOUN
ajfa-5314	95	21	.	.	PUNCT
ajfa-5314	96	1	these	these	DET
ajfa-5314	96	2	centroids	centroid	NOUN
ajfa-5314	96	3	should	should	AUX
ajfa-5314	96	4	be	be	AUX
ajfa-5314	96	5	placed	place	VERB
ajfa-5314	96	6	as	as	ADV
ajfa-5314	96	7	far	far	ADV
ajfa-5314	96	8	away	away	ADV
ajfa-5314	96	9	as	as	ADP
ajfa-5314	96	10	possible	possible	ADJ
ajfa-5314	96	11	from	from	ADP
ajfa-5314	96	12	each	each	DET
ajfa-5314	96	13	other	other	ADJ
ajfa-5314	96	14	as	as	SCONJ
ajfa-5314	96	15	the	the	DET
ajfa-5314	96	16	location	location	NOUN
ajfa-5314	96	17	can	can	AUX
ajfa-5314	96	18	affect	affect	VERB
ajfa-5314	96	19	the	the	DET
ajfa-5314	96	20	result	result	NOUN
ajfa-5314	96	21	.	.	PUNCT
ajfa-5314	97	1	the	the	DET
ajfa-5314	97	2	k	k	NOUN
ajfa-5314	97	3	-	-	PUNCT
ajfa-5314	97	4	means	means	NOUN
ajfa-5314	97	5	algorithm	algorithm	NOUN
ajfa-5314	97	6	aims	aim	VERB
ajfa-5314	97	7	at	at	ADP
ajfa-5314	97	8	minimizing	minimize	VERB
ajfa-5314	97	9	an	an	DET
ajfa-5314	97	10	objective	objective	ADJ
ajfa-5314	97	11	function	function	NOUN
ajfa-5314	97	12	,	,	PUNCT
ajfa-5314	97	13	in	in	ADP
ajfa-5314	97	14	this	this	DET
ajfa-5314	97	15	case	case	NOUN
ajfa-5314	97	16	a	a	DET
ajfa-5314	97	17	squared	square	VERB
ajfa-5314	97	18	error	error	NOUN
ajfa-5314	97	19	function	function	NOUN
ajfa-5314	97	20	.	.	PUNCT
ajfa-5314	98	1	the	the	DET
ajfa-5314	98	2	objective	objective	ADJ
ajfa-5314	98	3	function	function	NOUN
ajfa-5314	98	4	is	be	AUX
ajfa-5314	98	5	:	:	PUNCT
ajfa-5314	98	6	=	=	SYM
ajfa-5314	98	7	(	(	PUNCT
ajfa-5314	98	8	)	)	PUNCT
ajfa-5314	98	9	−	−	PROPN
ajfa-5314	98	10	where	where	SCONJ
ajfa-5314	98	11	(	(	PUNCT
ajfa-5314	98	12	)	)	PUNCT
ajfa-5314	98	13	−	−	PRON
ajfa-5314	98	14	is	be	AUX
ajfa-5314	98	15	a	a	DET
ajfa-5314	98	16	chosen	choose	VERB
ajfa-5314	98	17	distance	distance	NOUN
ajfa-5314	98	18	measure	measure	NOUN
ajfa-5314	98	19	between	between	ADP
ajfa-5314	98	20	a	a	DET
ajfa-5314	98	21	data	data	NOUN
ajfa-5314	98	22	point	point	NOUN
ajfa-5314	98	23	(	(	PUNCT
ajfa-5314	98	24	)	)	PUNCT
ajfa-5314	98	25	and	and	CCONJ
ajfa-5314	98	26	the	the	DET
ajfa-5314	98	27	cluster	cluster	NOUN
ajfa-5314	98	28	centre	centre	NOUN
ajfa-5314	98	29	,	,	PUNCT
ajfa-5314	98	30	is	be	AUX
ajfa-5314	98	31	an	an	DET
ajfa-5314	98	32	indicator	indicator	NOUN
ajfa-5314	98	33	of	of	ADP
ajfa-5314	98	34	the	the	DET
ajfa-5314	98	35	distance	distance	NOUN
ajfa-5314	98	36	of	of	ADP
ajfa-5314	98	37	the	the	DET
ajfa-5314	98	38	n	n	PROPN
ajfa-5314	98	39	data	data	NOUN
ajfa-5314	98	40	points	point	NOUN
ajfa-5314	98	41	from	from	ADP
ajfa-5314	98	42	their	their	PRON
ajfa-5314	98	43	respective	respective	ADJ
ajfa-5314	98	44	cluster	cluster	NOUN
ajfa-5314	98	45	centers	center	NOUN
ajfa-5314	98	46	.	.	PUNCT
ajfa-5314	99	1	the	the	DET
ajfa-5314	99	2	euclidean	euclidean	ADJ
ajfa-5314	99	3	distance	distance	NOUN
ajfa-5314	99	4	method	method	NOUN
ajfa-5314	99	5	measures	measure	VERB
ajfa-5314	99	6	the	the	DET
ajfa-5314	99	7	straight	straight	ADJ
ajfa-5314	99	8	line	line	NOUN
ajfa-5314	99	9	distance	distance	NOUN
ajfa-5314	99	10	between	between	ADP
ajfa-5314	99	11	two	two	NUM
ajfa-5314	99	12	points	point	NOUN
ajfa-5314	99	13	.	.	PUNCT
ajfa-5314	100	1	for	for	ADP
ajfa-5314	100	2	example	example	NOUN
ajfa-5314	100	3	,	,	PUNCT
ajfa-5314	100	4	if	if	SCONJ
ajfa-5314	100	5	we	we	PRON
ajfa-5314	100	6	used	use	VERB
ajfa-5314	100	7	the	the	DET
ajfa-5314	100	8	squared	squared	ADJ
ajfa-5314	100	9	euclidean	euclidean	ADJ
ajfa-5314	100	10	distance	distance	NOUN
ajfa-5314	100	11	to	to	PART
ajfa-5314	100	12	measure	measure	VERB
ajfa-5314	100	13	the	the	DET
ajfa-5314	100	14	similarity	similarity	NOUN
ajfa-5314	100	15	between	between	ADP
ajfa-5314	100	16	two	two	NUM
ajfa-5314	100	17	points	point	NOUN
ajfa-5314	100	18	with	with	ADP
ajfa-5314	100	19	specified	specify	VERB
ajfa-5314	100	20	dimensional	dimensional	ADJ
ajfa-5314	100	21	spaces	space	NOUN
ajfa-5314	100	22	,	,	PUNCT
ajfa-5314	100	23	the	the	DET
ajfa-5314	100	24	squared	square	VERB
ajfa-5314	100	25	distance	distance	NOUN
ajfa-5314	100	26	between	between	ADP
ajfa-5314	100	27	any	any	DET
ajfa-5314	100	28	two	two	NUM
ajfa-5314	100	29	points	point	NOUN
ajfa-5314	100	30	in	in	ADP
ajfa-5314	100	31	a	a	DET
ajfa-5314	100	32	p	p	ADJ
ajfa-5314	100	33	-	-	PUNCT
ajfa-5314	100	34	dimensional	dimensional	ADJ
ajfa-5314	100	35	space	space	NOUN
ajfa-5314	100	36	is	be	AUX
ajfa-5314	100	37	given	give	VERB
ajfa-5314	100	38	by	by	ADP
ajfa-5314	100	39	the	the	DET
ajfa-5314	100	40	formula	formula	NOUN
ajfa-5314	100	41	:	:	PUNCT
ajfa-5314	100	42	asian	asian	ADJ
ajfa-5314	100	43	journal	journal	NOUN
ajfa-5314	100	44	of	of	ADP
ajfa-5314	100	45	finance	finance	PROPN
ajfa-5314	100	46	&	&	CCONJ
ajfa-5314	100	47	accounting	accounting	PROPN
ajfa-5314	100	48	issn	issn	PROPN
ajfa-5314	100	49	1946	1946	NUM
ajfa-5314	100	50	-	-	PUNCT
ajfa-5314	100	51	052x	052x	PROPN
ajfa-5314	100	52	2014	2014	NUM
ajfa-5314	100	53	,	,	PUNCT
ajfa-5314	100	54	vol	vol	NOUN
ajfa-5314	100	55	.	.	PROPN
ajfa-5314	101	1	6	6	NUM
ajfa-5314	101	2	,	,	PUNCT
ajfa-5314	101	3	no	no	INTJ
ajfa-5314	101	4	.	.	NOUN
ajfa-5314	101	5	1	1	NUM
ajfa-5314	101	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5314	101	7	243	243	NUM
ajfa-5314	101	8	d	d	SYM
ajfa-5314	101	9	2	2	NUM
ajfa-5314	101	10	y	y	NOUN
ajfa-5314	101	11	=	=	SYM
ajfa-5314	101	12	(	(	PUNCT
ajfa-5314	101	13	x	x	X
ajfa-5314	101	14	−	−	NOUN
ajfa-5314	101	15	x	x	SYM
ajfa-5314	101	16	)	)	PUNCT
ajfa-5314	102	1	p	p	NOUN
ajfa-5314	102	2	k=1	k=1	X
ajfa-5314	102	3	where	where	SCONJ
ajfa-5314	102	4	x	x	PRON
ajfa-5314	102	5	is	be	AUX
ajfa-5314	102	6	the	the	DET
ajfa-5314	102	7	coordinate	coordinate	NOUN
ajfa-5314	102	8	of	of	ADP
ajfa-5314	102	9	the	the	DET
ajfa-5314	102	10	ith	ith	PROPN
ajfa-5314	102	11	consumer	consumer	NOUN
ajfa-5314	102	12	for	for	ADP
ajfa-5314	102	13	the	the	DET
ajfa-5314	102	14	variable	variable	NOUN
ajfa-5314	102	15	and	and	CCONJ
ajfa-5314	102	16	x	x	NOUN
ajfa-5314	102	17	is	be	AUX
ajfa-5314	102	18	the	the	DET
ajfa-5314	102	19	coordinate	coordinate	NOUN
ajfa-5314	102	20	of	of	ADP
ajfa-5314	102	21	the	the	DET
ajfa-5314	102	22	jth	jth	PROPN
ajfa-5314	102	23	consumer	consumer	NOUN
ajfa-5314	102	24	for	for	ADP
ajfa-5314	102	25	the	the	DET
ajfa-5314	102	26	kth	kth	PROPN
ajfa-5314	102	27	variable	variable	NOUN
ajfa-5314	102	28	.	.	PUNCT
ajfa-5314	103	1	dy	dy	NOUN
ajfa-5314	103	2	is	be	AUX
ajfa-5314	103	3	the	the	DET
ajfa-5314	103	4	distance	distance	NOUN
ajfa-5314	103	5	between	between	ADP
ajfa-5314	103	6	i	i	PROPN
ajfa-5314	103	7	and	and	CCONJ
ajfa-5314	103	8	j	j	PROPN
ajfa-5314	103	9	,	,	PUNCT
ajfa-5314	103	10	p	p	PROPN
ajfa-5314	103	11	is	be	AUX
ajfa-5314	103	12	the	the	DET
ajfa-5314	103	13	number	number	NOUN
ajfa-5314	103	14	of	of	ADP
ajfa-5314	103	15	variables	variable	NOUN
ajfa-5314	103	16	and	and	CCONJ
ajfa-5314	103	17	n=1	n=1	PROPN
ajfa-5314	103	18	,	,	PUNCT
ajfa-5314	103	19	2	2	NUM
ajfa-5314	103	20	,	,	PUNCT
ajfa-5314	103	21	3	3	NUM
ajfa-5314	103	22	,	,	PUNCT
ajfa-5314	103	23	…	…	PUNCT
ajfa-5314	103	24	,	,	PUNCT
ajfa-5314	103	25	∞.	∞.	PROPN
ajfa-5314	103	26	the	the	DET
ajfa-5314	103	27	f	f	PROPN
ajfa-5314	103	28	statistic	statistic	NOUN
ajfa-5314	103	29	and	and	CCONJ
ajfa-5314	103	30	significance	significance	NOUN
ajfa-5314	103	31	level	level	NOUN
ajfa-5314	103	32	of	of	ADP
ajfa-5314	103	33	each	each	DET
ajfa-5314	103	34	variable	variable	NOUN
ajfa-5314	103	35	will	will	AUX
ajfa-5314	103	36	be	be	AUX
ajfa-5314	103	37	examined	examine	VERB
ajfa-5314	103	38	on	on	ADP
ajfa-5314	103	39	the	the	DET
ajfa-5314	103	40	significant	significant	ADJ
ajfa-5314	103	41	differences	difference	NOUN
ajfa-5314	103	42	across	across	ADP
ajfa-5314	103	43	the	the	DET
ajfa-5314	103	44	three	three	NUM
ajfa-5314	103	45	clusters	cluster	NOUN
ajfa-5314	103	46	.	.	PUNCT
ajfa-5314	104	1	here	here	ADV
ajfa-5314	104	2	,	,	PUNCT
ajfa-5314	104	3	only	only	ADV
ajfa-5314	104	4	the	the	DET
ajfa-5314	104	5	significant	significant	ADJ
ajfa-5314	104	6	variables	variable	NOUN
ajfa-5314	104	7	will	will	AUX
ajfa-5314	104	8	be	be	AUX
ajfa-5314	104	9	taken	take	VERB
ajfa-5314	104	10	into	into	ADP
ajfa-5314	104	11	account	account	NOUN
ajfa-5314	104	12	in	in	ADP
ajfa-5314	104	13	the	the	DET
ajfa-5314	104	14	interpretation	interpretation	NOUN
ajfa-5314	104	15	and	and	CCONJ
ajfa-5314	104	16	the	the	DET
ajfa-5314	104	17	labeling	labeling	NOUN
ajfa-5314	104	18	of	of	ADP
ajfa-5314	104	19	the	the	DET
ajfa-5314	104	20	three	three	NUM
ajfa-5314	104	21	clusters	cluster	NOUN
ajfa-5314	104	22	.	.	PUNCT
ajfa-5314	105	1	profiling	profiling	NOUN
ajfa-5314	105	2	of	of	ADP
ajfa-5314	105	3	the	the	DET
ajfa-5314	105	4	clusters	cluster	NOUN
ajfa-5314	105	5	will	will	AUX
ajfa-5314	105	6	be	be	AUX
ajfa-5314	105	7	calculated	calculate	VERB
ajfa-5314	105	8	with	with	ADP
ajfa-5314	105	9	the	the	DET
ajfa-5314	105	10	use	use	NOUN
ajfa-5314	105	11	of	of	ADP
ajfa-5314	105	12	discriminate	discriminate	VERB
ajfa-5314	105	13	analysis	analysis	NOUN
ajfa-5314	105	14	.	.	PUNCT
ajfa-5314	106	1	profiling	profiling	NOUN
ajfa-5314	106	2	is	be	AUX
ajfa-5314	106	3	a	a	DET
ajfa-5314	106	4	descriptive	descriptive	ADJ
ajfa-5314	106	5	way	way	NOUN
ajfa-5314	106	6	to	to	PART
ajfa-5314	106	7	understand	understand	VERB
ajfa-5314	106	8	the	the	DET
ajfa-5314	106	9	characteristics	characteristic	NOUN
ajfa-5314	106	10	of	of	ADP
ajfa-5314	106	11	each	each	DET
ajfa-5314	106	12	cluster	cluster	NOUN
ajfa-5314	106	13	and	and	CCONJ
ajfa-5314	106	14	how	how	SCONJ
ajfa-5314	106	15	they	they	PRON
ajfa-5314	106	16	differ	differ	VERB
ajfa-5314	106	17	from	from	ADP
ajfa-5314	106	18	each	each	DET
ajfa-5314	106	19	other	other	ADJ
ajfa-5314	106	20	.	.	PUNCT
ajfa-5314	107	1	anova	anova	PROPN
ajfa-5314	107	2	may	may	AUX
ajfa-5314	107	3	be	be	AUX
ajfa-5314	107	4	used	use	VERB
ajfa-5314	107	5	other	other	ADJ
ajfa-5314	107	6	than	than	SCONJ
ajfa-5314	107	7	discriminate	discriminate	VERB
ajfa-5314	107	8	analysis	analysis	NOUN
ajfa-5314	107	9	as	as	SCONJ
ajfa-5314	107	10	mentioned	mention	VERB
ajfa-5314	107	11	above	above	ADV
ajfa-5314	107	12	.	.	PUNCT
ajfa-5314	108	1	the	the	DET
ajfa-5314	108	2	companies	company	NOUN
ajfa-5314	108	3	are	be	AUX
ajfa-5314	108	4	then	then	ADV
ajfa-5314	108	5	clustered	cluster	VERB
ajfa-5314	108	6	into	into	ADP
ajfa-5314	108	7	good	good	ADJ
ajfa-5314	108	8	financial	financial	ADJ
ajfa-5314	108	9	performers	performer	NOUN
ajfa-5314	108	10	,	,	PUNCT
ajfa-5314	108	11	average	average	ADJ
ajfa-5314	108	12	and	and	CCONJ
ajfa-5314	108	13	poor	poor	ADJ
ajfa-5314	108	14	performers	performer	NOUN
ajfa-5314	108	15	within	within	ADP
ajfa-5314	108	16	each	each	DET
ajfa-5314	108	17	sector	sector	NOUN
ajfa-5314	108	18	.	.	PUNCT
ajfa-5314	109	1	each	each	DET
ajfa-5314	109	2	cluster	cluster	NOUN
ajfa-5314	109	3	depending	depend	VERB
ajfa-5314	109	4	on	on	ADP
ajfa-5314	109	5	the	the	DET
ajfa-5314	109	6	characteristics	characteristic	NOUN
ajfa-5314	109	7	of	of	ADP
ajfa-5314	109	8	the	the	DET
ajfa-5314	109	9	data	datum	NOUN
ajfa-5314	109	10	used	use	VERB
ajfa-5314	109	11	will	will	AUX
ajfa-5314	109	12	defined	define	VERB
ajfa-5314	109	13	the	the	DET
ajfa-5314	109	14	class	class	NOUN
ajfa-5314	109	15	they	they	PRON
ajfa-5314	109	16	belong	belong	VERB
ajfa-5314	109	17	to	to	ADP
ajfa-5314	109	18	.	.	PUNCT
ajfa-5314	110	1	the	the	DET
ajfa-5314	110	2	cluster	cluster	NOUN
ajfa-5314	110	3	analysis	analysis	NOUN
ajfa-5314	110	4	will	will	AUX
ajfa-5314	110	5	be	be	AUX
ajfa-5314	110	6	performed	perform	VERB
ajfa-5314	110	7	for	for	ADP
ajfa-5314	110	8	each	each	DET
ajfa-5314	110	9	year	year	NOUN
ajfa-5314	110	10	to	to	PART
ajfa-5314	110	11	check	check	VERB
ajfa-5314	110	12	whether	whether	SCONJ
ajfa-5314	110	13	companies	company	NOUN
ajfa-5314	110	14	will	will	AUX
ajfa-5314	110	15	remain	remain	VERB
ajfa-5314	110	16	or	or	CCONJ
ajfa-5314	110	17	move	move	VERB
ajfa-5314	110	18	within	within	ADP
ajfa-5314	110	19	each	each	DET
ajfa-5314	110	20	cluster	cluster	NOUN
ajfa-5314	110	21	in	in	ADP
ajfa-5314	110	22	each	each	PRON
ajfa-5314	110	23	of	of	ADP
ajfa-5314	110	24	the	the	DET
ajfa-5314	110	25	five	five	NUM
ajfa-5314	110	26	years	year	NOUN
ajfa-5314	110	27	.	.	PUNCT
ajfa-5314	111	1	4	4	X
ajfa-5314	111	2	.	.	NOUN
ajfa-5314	111	3	results	result	NOUN
ajfa-5314	111	4	and	and	CCONJ
ajfa-5314	111	5	findings	finding	NOUN
ajfa-5314	111	6	table	table	NOUN
ajfa-5314	111	7	2	2	NUM
ajfa-5314	111	8	below	below	ADV
ajfa-5314	111	9	showed	show	VERB
ajfa-5314	111	10	the	the	DET
ajfa-5314	111	11	results	result	NOUN
ajfa-5314	111	12	of	of	ADP
ajfa-5314	111	13	the	the	DET
ajfa-5314	111	14	factor	factor	NOUN
ajfa-5314	111	15	analysis	analysis	NOUN
ajfa-5314	111	16	.	.	PUNCT
ajfa-5314	112	1	six	six	NUM
ajfa-5314	112	2	variables	variable	NOUN
ajfa-5314	112	3	were	be	AUX
ajfa-5314	112	4	selected	select	VERB
ajfa-5314	112	5	as	as	ADP
ajfa-5314	112	6	most	most	ADV
ajfa-5314	112	7	significant	significant	ADJ
ajfa-5314	112	8	and	and	CCONJ
ajfa-5314	112	9	representative	representative	NOUN
ajfa-5314	112	10	from	from	ADP
ajfa-5314	112	11	the	the	DET
ajfa-5314	112	12	initial	initial	ADJ
ajfa-5314	112	13	set	set	NOUN
ajfa-5314	112	14	of	of	ADP
ajfa-5314	112	15	21	21	NUM
ajfa-5314	112	16	ratios	ratio	NOUN
ajfa-5314	112	17	.	.	PUNCT
ajfa-5314	113	1	of	of	ADP
ajfa-5314	113	2	the	the	DET
ajfa-5314	113	3	six	six	NUM
ajfa-5314	113	4	ratios	ratio	NOUN
ajfa-5314	113	5	,	,	PUNCT
ajfa-5314	113	6	two	two	NUM
ajfa-5314	113	7	measure	measure	NOUN
ajfa-5314	113	8	operating	operate	VERB
ajfa-5314	113	9	asset	asset	NOUN
ajfa-5314	113	10	efficiency	efficiency	NOUN
ajfa-5314	113	11	while	while	SCONJ
ajfa-5314	113	12	one	one	NUM
ajfa-5314	113	13	each	each	DET
ajfa-5314	113	14	measure	measure	NOUN
ajfa-5314	113	15	cash	cash	NOUN
ajfa-5314	113	16	position	position	NOUN
ajfa-5314	113	17	,	,	PUNCT
ajfa-5314	113	18	profitability	profitability	NOUN
ajfa-5314	113	19	,	,	PUNCT
ajfa-5314	113	20	solvency	solvency	NOUN
ajfa-5314	113	21	and	and	CCONJ
ajfa-5314	113	22	short	short	ADJ
ajfa-5314	113	23	-	-	PUNCT
ajfa-5314	113	24	term	term	NOUN
ajfa-5314	113	25	liquidity	liquidity	NOUN
ajfa-5314	113	26	.	.	PUNCT
ajfa-5314	114	1	each	each	PRON
ajfa-5314	114	2	of	of	ADP
ajfa-5314	114	3	the	the	DET
ajfa-5314	114	4	six	six	NUM
ajfa-5314	114	5	ratios	ratio	NOUN
ajfa-5314	114	6	showed	show	VERB
ajfa-5314	114	7	high	high	ADJ
ajfa-5314	114	8	factor	factor	NOUN
ajfa-5314	114	9	loadings	loading	NOUN
ajfa-5314	114	10	and	and	CCONJ
ajfa-5314	114	11	the	the	DET
ajfa-5314	114	12	criteria	criterion	NOUN
ajfa-5314	114	13	for	for	ADP
ajfa-5314	114	14	selecting	select	VERB
ajfa-5314	114	15	the	the	DET
ajfa-5314	114	16	ratios	ratio	NOUN
ajfa-5314	114	17	is	be	AUX
ajfa-5314	114	18	that	that	SCONJ
ajfa-5314	114	19	each	each	PRON
ajfa-5314	114	20	must	must	AUX
ajfa-5314	114	21	have	have	VERB
ajfa-5314	114	22	an	an	DET
ajfa-5314	114	23	eigenvalue	eigenvalue	NOUN
ajfa-5314	114	24	of	of	ADP
ajfa-5314	114	25	more	more	ADJ
ajfa-5314	114	26	than	than	ADP
ajfa-5314	114	27	1	1	NUM
ajfa-5314	114	28	.	.	PUNCT
ajfa-5314	115	1	the	the	DET
ajfa-5314	115	2	communalities	communalitie	NOUN
ajfa-5314	115	3	showed	show	VERB
ajfa-5314	115	4	how	how	SCONJ
ajfa-5314	115	5	much	much	ADJ
ajfa-5314	115	6	of	of	ADP
ajfa-5314	115	7	the	the	DET
ajfa-5314	115	8	variance	variance	NOUN
ajfa-5314	115	9	in	in	ADP
ajfa-5314	115	10	the	the	DET
ajfa-5314	115	11	variables	variable	NOUN
ajfa-5314	115	12	has	have	AUX
ajfa-5314	115	13	been	be	AUX
ajfa-5314	115	14	accounted	account	VERB
ajfa-5314	115	15	for	for	ADP
ajfa-5314	115	16	by	by	ADP
ajfa-5314	115	17	the	the	DET
ajfa-5314	115	18	extracted	extract	VERB
ajfa-5314	115	19	factors	factor	NOUN
ajfa-5314	115	20	.	.	PUNCT
ajfa-5314	116	1	for	for	ADP
ajfa-5314	116	2	example	example	NOUN
ajfa-5314	116	3	,	,	PUNCT
ajfa-5314	116	4	91.7	91.7	NUM
ajfa-5314	116	5	%	%	NOUN
ajfa-5314	116	6	of	of	ADP
ajfa-5314	116	7	the	the	DET
ajfa-5314	116	8	variance	variance	NOUN
ajfa-5314	116	9	in	in	ADP
ajfa-5314	116	10	cash	cash	NOUN
ajfa-5314	116	11	to	to	ADP
ajfa-5314	116	12	current	current	ADJ
ajfa-5314	116	13	liabilities	liability	NOUN
ajfa-5314	116	14	are	be	AUX
ajfa-5314	116	15	accounted	account	VERB
ajfa-5314	116	16	for	for	ADP
ajfa-5314	116	17	and	and	CCONJ
ajfa-5314	116	18	95	95	NUM
ajfa-5314	116	19	%	%	NOUN
ajfa-5314	116	20	of	of	ADP
ajfa-5314	116	21	the	the	DET
ajfa-5314	116	22	variance	variance	NOUN
ajfa-5314	116	23	in	in	ADP
ajfa-5314	116	24	earnings	earning	NOUN
ajfa-5314	116	25	before	before	ADP
ajfa-5314	116	26	interest	interest	NOUN
ajfa-5314	116	27	and	and	CCONJ
ajfa-5314	116	28	tax	tax	NOUN
ajfa-5314	116	29	are	be	AUX
ajfa-5314	116	30	explained	explain	VERB
ajfa-5314	116	31	.	.	PUNCT
ajfa-5314	117	1	for	for	ADP
ajfa-5314	117	2	all	all	DET
ajfa-5314	117	3	the	the	DET
ajfa-5314	117	4	ratios	ratio	NOUN
ajfa-5314	117	5	selected	select	VERB
ajfa-5314	117	6	after	after	ADP
ajfa-5314	117	7	the	the	DET
ajfa-5314	117	8	factor	factor	NOUN
ajfa-5314	117	9	analysis	analysis	NOUN
ajfa-5314	117	10	,	,	PUNCT
ajfa-5314	117	11	the	the	DET
ajfa-5314	117	12	factor	factor	NOUN
ajfa-5314	117	13	loadings	loading	NOUN
ajfa-5314	117	14	are	be	AUX
ajfa-5314	117	15	very	very	ADV
ajfa-5314	117	16	high	high	ADJ
ajfa-5314	117	17	ranging	range	VERB
ajfa-5314	117	18	from	from	ADP
ajfa-5314	117	19	0.849	0.849	NUM
ajfa-5314	117	20	for	for	ADP
ajfa-5314	117	21	total	total	ADJ
ajfa-5314	117	22	assets	asset	NOUN
ajfa-5314	117	23	turnover	turnover	NOUN
ajfa-5314	117	24	to	to	ADP
ajfa-5314	117	25	0.943	0.943	NUM
ajfa-5314	117	26	for	for	ADP
ajfa-5314	117	27	earnings	earning	NOUN
ajfa-5314	117	28	before	before	ADP
ajfa-5314	117	29	interest	interest	NOUN
ajfa-5314	117	30	and	and	CCONJ
ajfa-5314	117	31	tax	tax	NOUN
ajfa-5314	117	32	indicating	indicate	VERB
ajfa-5314	117	33	that	that	SCONJ
ajfa-5314	117	34	the	the	DET
ajfa-5314	117	35	ratios	ratio	NOUN
ajfa-5314	117	36	selected	select	VERB
ajfa-5314	117	37	are	be	AUX
ajfa-5314	117	38	good	good	ADJ
ajfa-5314	117	39	representation	representation	NOUN
ajfa-5314	117	40	of	of	ADP
ajfa-5314	117	41	the	the	DET
ajfa-5314	117	42	initial	initial	ADJ
ajfa-5314	117	43	set	set	NOUN
ajfa-5314	117	44	of	of	ADP
ajfa-5314	117	45	ratios	ratio	NOUN
ajfa-5314	117	46	.	.	PUNCT
ajfa-5314	118	1	the	the	DET
ajfa-5314	118	2	sampling	sample	VERB
ajfa-5314	118	3	adequacy	adequacy	NOUN
ajfa-5314	118	4	was	be	AUX
ajfa-5314	118	5	good	good	ADJ
ajfa-5314	118	6	with	with	ADP
ajfa-5314	118	7	the	the	DET
ajfa-5314	118	8	kaiser	kaiser	PROPN
ajfa-5314	118	9	-	-	PUNCT
ajfa-5314	118	10	meyer	meyer	PROPN
ajfa-5314	118	11	-	-	PUNCT
ajfa-5314	118	12	olkin	olkin	PROPN
ajfa-5314	118	13	(	(	PUNCT
ajfa-5314	118	14	kmo	kmo	NOUN
ajfa-5314	118	15	)	)	PUNCT
ajfa-5314	118	16	measure	measure	NOUN
ajfa-5314	118	17	showing	show	VERB
ajfa-5314	118	18	a	a	DET
ajfa-5314	118	19	p	p	NOUN
ajfa-5314	118	20	-	-	PUNCT
ajfa-5314	118	21	value	value	NOUN
ajfa-5314	118	22	of	of	ADP
ajfa-5314	118	23	0749	0749	NUM
ajfa-5314	118	24	.	.	PUNCT
ajfa-5314	119	1	the	the	DET
ajfa-5314	119	2	bartlett	bartlett	PROPN
ajfa-5314	119	3	’s	’s	PART
ajfa-5314	119	4	test	test	NOUN
ajfa-5314	119	5	of	of	ADP
ajfa-5314	119	6	shpericity	shpericity	NOUN
ajfa-5314	119	7	showed	show	VERB
ajfa-5314	119	8	a	a	DET
ajfa-5314	119	9	p	p	NOUN
ajfa-5314	119	10	-	-	PUNCT
ajfa-5314	119	11	value	value	NOUN
ajfa-5314	119	12	of	of	ADP
ajfa-5314	119	13	0.00	0.00	NUM
ajfa-5314	119	14	indicating	indicate	VERB
ajfa-5314	119	15	that	that	SCONJ
ajfa-5314	119	16	the	the	DET
ajfa-5314	119	17	null	null	ADJ
ajfa-5314	119	18	hypothesis	hypothesis	NOUN
ajfa-5314	119	19	that	that	PRON
ajfa-5314	119	20	the	the	DET
ajfa-5314	119	21	variables	variable	NOUN
ajfa-5314	119	22	in	in	ADP
ajfa-5314	119	23	the	the	DET
ajfa-5314	119	24	correlation	correlation	NOUN
ajfa-5314	119	25	matrix	matrix	NOUN
ajfa-5314	119	26	are	be	AUX
ajfa-5314	119	27	uncorrelated	uncorrelated	ADJ
ajfa-5314	119	28	can	can	AUX
ajfa-5314	119	29	be	be	AUX
ajfa-5314	119	30	rejected	reject	VERB
ajfa-5314	119	31	.	.	PUNCT
ajfa-5314	120	1	asian	asian	ADJ
ajfa-5314	120	2	journal	journal	PROPN
ajfa-5314	120	3	of	of	ADP
ajfa-5314	120	4	finance	finance	PROPN
ajfa-5314	120	5	&	&	CCONJ
ajfa-5314	120	6	accounting	accounting	PROPN
ajfa-5314	120	7	issn	issn	PROPN
ajfa-5314	120	8	1946	1946	NUM
ajfa-5314	120	9	-	-	PUNCT
ajfa-5314	120	10	052x	052x	PROPN
ajfa-5314	120	11	2014	2014	NUM
ajfa-5314	120	12	,	,	PUNCT
ajfa-5314	120	13	vol	vol	NOUN
ajfa-5314	120	14	.	.	PROPN
ajfa-5314	121	1	6	6	NUM
ajfa-5314	121	2	,	,	PUNCT
ajfa-5314	121	3	no	no	INTJ
ajfa-5314	121	4	.	.	NOUN
ajfa-5314	121	5	1	1	NUM
ajfa-5314	121	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5314	121	7	244	244	NUM
ajfa-5314	121	8	table	table	NOUN
ajfa-5314	121	9	2	2	NUM
ajfa-5314	121	10	.	.	NUM
ajfa-5314	121	11	selected	select	VERB
ajfa-5314	121	12	ratios	ratio	NOUN
ajfa-5314	121	13	after	after	ADP
ajfa-5314	121	14	factor	factor	NOUN
ajfa-5314	121	15	analysis	analysis	NOUN
ajfa-5314	121	16	ratio	ratio	NOUN
ajfa-5314	121	17	variables	variable	NOUN
ajfa-5314	121	18	codes	code	VERB
ajfa-5314	121	19	ratio	ratio	NOUN
ajfa-5314	121	20	category	category	NOUN
ajfa-5314	121	21	eigen	eigen	PROPN
ajfa-5314	121	22	values	value	NOUN
ajfa-5314	121	23	factor	factor	NOUN
ajfa-5314	121	24	loadings	loading	NOUN
ajfa-5314	121	25	communalities	communalitie	NOUN
ajfa-5314	121	26	cash	cash	NOUN
ajfa-5314	121	27	to	to	ADP
ajfa-5314	121	28	current	current	ADJ
ajfa-5314	121	29	liabilities	liability	NOUN
ajfa-5314	121	30	ccl	ccl	PROPN
ajfa-5314	121	31	cash	cash	NOUN
ajfa-5314	121	32	position	position	NOUN
ajfa-5314	121	33	7.120	7.120	NUM
ajfa-5314	121	34	0.923	0.923	NUM
ajfa-5314	121	35	91.7	91.7	NUM
ajfa-5314	121	36	%	%	NOUN
ajfa-5314	121	37	earnings	earning	NOUN
ajfa-5314	121	38	before	before	ADP
ajfa-5314	121	39	interest	interest	NOUN
ajfa-5314	121	40	&	&	CCONJ
ajfa-5314	121	41	tax	tax	PROPN
ajfa-5314	121	42	ebitta	ebitta	NOUN
ajfa-5314	121	43	profitability	profitability	NOUN
ajfa-5314	121	44	2.742	2.742	NUM
ajfa-5314	121	45	0.943	0.943	NUM
ajfa-5314	121	46	95	95	NUM
ajfa-5314	121	47	%	%	NOUN
ajfa-5314	121	48	total	total	ADJ
ajfa-5314	121	49	debts	debt	NOUN
ajfa-5314	121	50	to	to	ADP
ajfa-5314	121	51	shareholders	shareholder	NOUN
ajfa-5314	121	52	’	'	PUNCT
ajfa-5314	121	53	funds	fund	NOUN
ajfa-5314	121	54	tdsf	tdsf	VERB
ajfa-5314	121	55	solvency	solvency	NOUN
ajfa-5314	121	56	2.059	2.059	NUM
ajfa-5314	121	57	-0.807	-0.807	SYM
ajfa-5314	121	58	76.7	76.7	NUM
ajfa-5314	121	59	%	%	NOUN
ajfa-5314	121	60	cash	cash	NOUN
ajfa-5314	121	61	flow	flow	NOUN
ajfa-5314	121	62	to	to	ADP
ajfa-5314	121	63	total	total	ADJ
ajfa-5314	121	64	assets	asset	NOUN
ajfa-5314	121	65	cfta	cfta	ADP
ajfa-5314	121	66	short	short	ADJ
ajfa-5314	121	67	-	-	PUNCT
ajfa-5314	121	68	term	term	NOUN
ajfa-5314	121	69	liquidity	liquidity	NOUN
ajfa-5314	121	70	1.761	1.761	NUM
ajfa-5314	121	71	0.876	0.876	NUM
ajfa-5314	121	72	82.9	82.9	NUM
ajfa-5314	121	73	%	%	NOUN
ajfa-5314	121	74	total	total	ADJ
ajfa-5314	121	75	assets	asset	NOUN
ajfa-5314	121	76	turnover	turnover	NOUN
ajfa-5314	121	77	tat	tat	NOUN
ajfa-5314	121	78	efficiency	efficiency	NOUN
ajfa-5314	121	79	1.590	1.590	NUM
ajfa-5314	121	80	0.849	0.849	NUM
ajfa-5314	121	81	80.8	80.8	NUM
ajfa-5314	121	82	%	%	NOUN
ajfa-5314	121	83	inventory	inventory	NOUN
ajfa-5314	121	84	turnover	turnover	NOUN
ajfa-5314	121	85	it	it	PRON
ajfa-5314	121	86	efficiency	efficiency	VERB
ajfa-5314	121	87	1.059	1.059	NUM
ajfa-5314	121	88	0.923	0.923	NUM
ajfa-5314	121	89	86.7	86.7	NUM
ajfa-5314	121	90	%	%	NOUN
ajfa-5314	121	91	table	table	NOUN
ajfa-5314	121	92	3	3	NUM
ajfa-5314	121	93	below	below	ADV
ajfa-5314	121	94	shows	show	VERB
ajfa-5314	121	95	the	the	DET
ajfa-5314	121	96	results	result	NOUN
ajfa-5314	121	97	of	of	ADP
ajfa-5314	121	98	the	the	DET
ajfa-5314	121	99	cluster	cluster	NOUN
ajfa-5314	121	100	analysis	analysis	NOUN
ajfa-5314	121	101	.	.	PUNCT
ajfa-5314	122	1	the	the	DET
ajfa-5314	122	2	sample	sample	NOUN
ajfa-5314	122	3	companies	company	NOUN
ajfa-5314	122	4	are	be	AUX
ajfa-5314	122	5	classified	classify	VERB
ajfa-5314	122	6	into	into	ADP
ajfa-5314	122	7	four	four	NUM
ajfa-5314	122	8	clusters	cluster	NOUN
ajfa-5314	122	9	and	and	CCONJ
ajfa-5314	122	10	the	the	DET
ajfa-5314	122	11	number	number	NOUN
ajfa-5314	122	12	of	of	ADP
ajfa-5314	122	13	companies	company	NOUN
ajfa-5314	122	14	in	in	ADP
ajfa-5314	122	15	each	each	DET
ajfa-5314	122	16	cluster	cluster	NOUN
ajfa-5314	122	17	for	for	ADP
ajfa-5314	122	18	each	each	PRON
ajfa-5314	122	19	of	of	ADP
ajfa-5314	122	20	the	the	DET
ajfa-5314	122	21	years	year	NOUN
ajfa-5314	122	22	2006	2006	NUM
ajfa-5314	122	23	to	to	ADP
ajfa-5314	122	24	2010	2010	NUM
ajfa-5314	122	25	is	be	AUX
ajfa-5314	122	26	shown	show	VERB
ajfa-5314	122	27	to	to	PART
ajfa-5314	122	28	illustrate	illustrate	VERB
ajfa-5314	122	29	the	the	DET
ajfa-5314	122	30	changes	change	NOUN
ajfa-5314	122	31	in	in	ADP
ajfa-5314	122	32	the	the	DET
ajfa-5314	122	33	number	number	NOUN
ajfa-5314	122	34	of	of	ADP
ajfa-5314	122	35	companies	company	NOUN
ajfa-5314	122	36	for	for	ADP
ajfa-5314	122	37	each	each	DET
ajfa-5314	122	38	cluster	cluster	NOUN
ajfa-5314	122	39	over	over	ADP
ajfa-5314	122	40	the	the	DET
ajfa-5314	122	41	five	five	NUM
ajfa-5314	122	42	years	year	NOUN
ajfa-5314	122	43	,	,	PUNCT
ajfa-5314	122	44	table	table	NOUN
ajfa-5314	122	45	4	4	NUM
ajfa-5314	122	46	below	below	ADV
ajfa-5314	122	47	shows	show	VERB
ajfa-5314	122	48	the	the	DET
ajfa-5314	122	49	gross	gross	ADJ
ajfa-5314	122	50	domestic	domestic	ADJ
ajfa-5314	122	51	product	product	NOUN
ajfa-5314	122	52	growth	growth	NOUN
ajfa-5314	122	53	over	over	ADP
ajfa-5314	122	54	the	the	DET
ajfa-5314	122	55	same	same	ADJ
ajfa-5314	122	56	five	five	NUM
ajfa-5314	122	57	years	year	NOUN
ajfa-5314	122	58	.	.	PUNCT
ajfa-5314	123	1	the	the	DET
ajfa-5314	123	2	effect	effect	NOUN
ajfa-5314	123	3	of	of	ADP
ajfa-5314	123	4	the	the	DET
ajfa-5314	123	5	financial	financial	ADJ
ajfa-5314	123	6	crisis	crisis	NOUN
ajfa-5314	123	7	that	that	PRON
ajfa-5314	123	8	started	start	VERB
ajfa-5314	123	9	in	in	ADP
ajfa-5314	123	10	2007/2008	2007/2008	NUM
ajfa-5314	123	11	is	be	AUX
ajfa-5314	123	12	clearly	clearly	ADV
ajfa-5314	123	13	seen	see	VERB
ajfa-5314	123	14	from	from	ADP
ajfa-5314	123	15	the	the	DET
ajfa-5314	123	16	two	two	NUM
ajfa-5314	123	17	tables	table	NOUN
ajfa-5314	123	18	below	below	ADV
ajfa-5314	123	19	.	.	PUNCT
ajfa-5314	124	1	in	in	ADP
ajfa-5314	124	2	2006	2006	NUM
ajfa-5314	124	3	there	there	PRON
ajfa-5314	124	4	were	be	VERB
ajfa-5314	124	5	46	46	NUM
ajfa-5314	124	6	companies	company	NOUN
ajfa-5314	124	7	in	in	ADP
ajfa-5314	124	8	the	the	DET
ajfa-5314	124	9	good	good	ADJ
ajfa-5314	124	10	performing	perform	VERB
ajfa-5314	124	11	cluster	cluster	NOUN
ajfa-5314	124	12	and	and	CCONJ
ajfa-5314	124	13	the	the	DET
ajfa-5314	124	14	number	number	NOUN
ajfa-5314	124	15	of	of	ADP
ajfa-5314	124	16	companies	company	NOUN
ajfa-5314	124	17	in	in	ADP
ajfa-5314	124	18	this	this	DET
ajfa-5314	124	19	cluster	cluster	NOUN
ajfa-5314	124	20	decreases	decrease	VERB
ajfa-5314	124	21	over	over	ADP
ajfa-5314	124	22	the	the	DET
ajfa-5314	124	23	five	five	NUM
ajfa-5314	124	24	years	year	NOUN
ajfa-5314	124	25	and	and	CCONJ
ajfa-5314	124	26	by	by	ADP
ajfa-5314	124	27	2010	2010	NUM
ajfa-5314	124	28	,	,	PUNCT
ajfa-5314	124	29	they	they	PRON
ajfa-5314	124	30	total	total	VERB
ajfa-5314	124	31	only	only	ADV
ajfa-5314	124	32	6	6	NUM
ajfa-5314	124	33	companies	company	NOUN
ajfa-5314	124	34	.	.	PUNCT
ajfa-5314	125	1	for	for	ADP
ajfa-5314	125	2	the	the	DET
ajfa-5314	125	3	poor	poor	ADJ
ajfa-5314	125	4	cluster	cluster	NOUN
ajfa-5314	125	5	,	,	PUNCT
ajfa-5314	125	6	the	the	DET
ajfa-5314	125	7	number	number	NOUN
ajfa-5314	125	8	of	of	ADP
ajfa-5314	125	9	companies	company	NOUN
ajfa-5314	125	10	increases	increase	VERB
ajfa-5314	125	11	from	from	ADP
ajfa-5314	125	12	7	7	NUM
ajfa-5314	125	13	in	in	ADP
ajfa-5314	125	14	2006	2006	NUM
ajfa-5314	125	15	to	to	ADP
ajfa-5314	125	16	27	27	NUM
ajfa-5314	125	17	in	in	ADP
ajfa-5314	125	18	2010	2010	NUM
ajfa-5314	125	19	.	.	PUNCT
ajfa-5314	126	1	analysing	analyse	VERB
ajfa-5314	126	2	the	the	DET
ajfa-5314	126	3	17	17	NUM
ajfa-5314	126	4	companies	company	NOUN
ajfa-5314	126	5	in	in	ADP
ajfa-5314	126	6	both	both	CCONJ
ajfa-5314	126	7	the	the	DET
ajfa-5314	126	8	average	average	ADJ
ajfa-5314	126	9	performing	perform	VERB
ajfa-5314	126	10	cluster	cluster	NOUN
ajfa-5314	126	11	,	,	PUNCT
ajfa-5314	126	12	it	it	PRON
ajfa-5314	126	13	was	be	AUX
ajfa-5314	126	14	found	find	VERB
ajfa-5314	126	15	that	that	SCONJ
ajfa-5314	126	16	15	15	NUM
ajfa-5314	126	17	of	of	ADP
ajfa-5314	126	18	those	those	DET
ajfa-5314	126	19	companies	company	NOUN
ajfa-5314	126	20	have	have	AUX
ajfa-5314	126	21	actually	actually	ADV
ajfa-5314	126	22	migrated	migrate	VERB
ajfa-5314	126	23	downwards	downward	NOUN
ajfa-5314	126	24	to	to	ADP
ajfa-5314	126	25	the	the	DET
ajfa-5314	126	26	poor	poor	ADJ
ajfa-5314	126	27	performing	performing	NOUN
ajfa-5314	126	28	cluster	cluster	NOUN
ajfa-5314	126	29	.	.	PUNCT
ajfa-5314	127	1	the	the	DET
ajfa-5314	127	2	performance	performance	NOUN
ajfa-5314	127	3	of	of	ADP
ajfa-5314	127	4	the	the	DET
ajfa-5314	127	5	companies	company	NOUN
ajfa-5314	127	6	is	be	AUX
ajfa-5314	127	7	also	also	ADV
ajfa-5314	127	8	reflected	reflect	VERB
ajfa-5314	127	9	by	by	ADP
ajfa-5314	127	10	the	the	DET
ajfa-5314	127	11	gdp	gdp	NOUN
ajfa-5314	127	12	and	and	CCONJ
ajfa-5314	127	13	exports	export	NOUN
ajfa-5314	127	14	data	datum	NOUN
ajfa-5314	127	15	as	as	SCONJ
ajfa-5314	127	16	shown	show	VERB
ajfa-5314	127	17	in	in	ADP
ajfa-5314	127	18	table	table	NOUN
ajfa-5314	127	19	4	4	NUM
ajfa-5314	127	20	.	.	PUNCT
ajfa-5314	128	1	the	the	DET
ajfa-5314	128	2	worst	bad	ADJ
ajfa-5314	128	3	year	year	NOUN
ajfa-5314	128	4	for	for	ADP
ajfa-5314	128	5	these	these	DET
ajfa-5314	128	6	two	two	NUM
ajfa-5314	128	7	statistics	statistic	NOUN
ajfa-5314	128	8	was	be	AUX
ajfa-5314	128	9	2009	2009	NUM
ajfa-5314	128	10	when	when	SCONJ
ajfa-5314	128	11	gdp	gdp	NOUN
ajfa-5314	128	12	contracted	contract	VERB
ajfa-5314	128	13	1.7	1.7	NUM
ajfa-5314	128	14	%	%	NOUN
ajfa-5314	128	15	and	and	CCONJ
ajfa-5314	128	16	exports	export	NOUN
ajfa-5314	128	17	contracted	contract	VERB
ajfa-5314	128	18	17	17	NUM
ajfa-5314	128	19	%	%	NOUN
ajfa-5314	128	20	..	..	PUNCT
ajfa-5314	129	1	the	the	DET
ajfa-5314	129	2	economic	economic	ADJ
ajfa-5314	129	3	data	datum	NOUN
ajfa-5314	129	4	improves	improve	VERB
ajfa-5314	129	5	quite	quite	ADV
ajfa-5314	129	6	quickly	quickly	ADV
ajfa-5314	129	7	in	in	ADP
ajfa-5314	129	8	2010	2010	NUM
ajfa-5314	129	9	coinciding	coincide	VERB
ajfa-5314	129	10	with	with	ADP
ajfa-5314	129	11	the	the	DET
ajfa-5314	129	12	improved	improve	VERB
ajfa-5314	129	13	economic	economic	ADJ
ajfa-5314	129	14	indicators	indicator	NOUN
ajfa-5314	129	15	in	in	ADP
ajfa-5314	129	16	the	the	DET
ajfa-5314	129	17	united	united	PROPN
ajfa-5314	129	18	states	states	PROPN
ajfa-5314	129	19	and	and	CCONJ
ajfa-5314	129	20	china	china	PROPN
ajfa-5314	129	21	where	where	SCONJ
ajfa-5314	129	22	much	much	ADJ
ajfa-5314	129	23	of	of	ADP
ajfa-5314	129	24	malaysia	malaysia	PROPN
ajfa-5314	129	25	’s	’s	PART
ajfa-5314	129	26	external	external	ADJ
ajfa-5314	129	27	trade	trade	NOUN
ajfa-5314	129	28	are	be	AUX
ajfa-5314	129	29	with	with	ADP
ajfa-5314	129	30	but	but	CCONJ
ajfa-5314	129	31	the	the	DET
ajfa-5314	129	32	financial	financial	ADJ
ajfa-5314	129	33	performance	performance	NOUN
ajfa-5314	129	34	of	of	ADP
ajfa-5314	129	35	malaysian	malaysian	ADJ
ajfa-5314	129	36	companies	company	NOUN
ajfa-5314	129	37	have	have	AUX
ajfa-5314	129	38	not	not	PART
ajfa-5314	129	39	recovered	recover	VERB
ajfa-5314	129	40	to	to	ADP
ajfa-5314	129	41	the	the	DET
ajfa-5314	129	42	pre	pre	ADJ
ajfa-5314	129	43	-	-	ADJ
ajfa-5314	129	44	crisis	crisis	ADJ
ajfa-5314	129	45	level	level	NOUN
ajfa-5314	129	46	.	.	PUNCT
ajfa-5314	130	1	asian	asian	ADJ
ajfa-5314	130	2	journal	journal	PROPN
ajfa-5314	130	3	of	of	ADP
ajfa-5314	130	4	finance	finance	PROPN
ajfa-5314	130	5	&	&	CCONJ
ajfa-5314	130	6	accounting	accounting	PROPN
ajfa-5314	130	7	issn	issn	PROPN
ajfa-5314	130	8	1946	1946	NUM
ajfa-5314	130	9	-	-	PUNCT
ajfa-5314	130	10	052x	052x	PROPN
ajfa-5314	130	11	2014	2014	NUM
ajfa-5314	130	12	,	,	PUNCT
ajfa-5314	130	13	vol	vol	NOUN
ajfa-5314	130	14	.	.	PROPN
ajfa-5314	131	1	6	6	NUM
ajfa-5314	131	2	,	,	PUNCT
ajfa-5314	131	3	no	no	INTJ
ajfa-5314	131	4	.	.	NOUN
ajfa-5314	131	5	1	1	NUM
ajfa-5314	131	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5314	131	7	245	245	NUM
ajfa-5314	131	8	table	table	NOUN
ajfa-5314	131	9	3	3	NUM
ajfa-5314	131	10	.	.	PUNCT
ajfa-5314	131	11	classification	classification	NOUN
ajfa-5314	131	12	of	of	ADP
ajfa-5314	131	13	companies	company	NOUN
ajfa-5314	131	14	after	after	ADP
ajfa-5314	131	15	cluster	cluster	NOUN
ajfa-5314	131	16	analysis	analysis	NOUN
ajfa-5314	131	17	clusters	cluster	NOUN
ajfa-5314	131	18	2006	2006	NUM
ajfa-5314	131	19	2007	2007	NUM
ajfa-5314	131	20	2008	2008	NUM
ajfa-5314	131	21	2009	2009	NUM
ajfa-5314	131	22	2010	2010	NUM
ajfa-5314	131	23	poor	poor	ADJ
ajfa-5314	131	24	7	7	NUM
ajfa-5314	131	25	7	7	NUM
ajfa-5314	131	26	4	4	NUM
ajfa-5314	131	27	2	2	NUM
ajfa-5314	131	28	27	27	NUM
ajfa-5314	131	29	below	below	ADP
ajfa-5314	131	30	average	average	ADJ
ajfa-5314	131	31	15	15	NUM
ajfa-5314	131	32	17	17	NUM
ajfa-5314	131	33	42	42	NUM
ajfa-5314	131	34	48	48	NUM
ajfa-5314	131	35	3	3	NUM
ajfa-5314	131	36	above	above	ADP
ajfa-5314	131	37	average	average	ADJ
ajfa-5314	131	38	2	2	NUM
ajfa-5314	131	39	1	1	NUM
ajfa-5314	131	40	1	1	NUM
ajfa-5314	131	41	1	1	NUM
ajfa-5314	131	42	34	34	NUM
ajfa-5314	131	43	good	good	ADJ
ajfa-5314	131	44	46	46	NUM
ajfa-5314	131	45	45	45	NUM
ajfa-5314	131	46	33	33	NUM
ajfa-5314	131	47	19	19	NUM
ajfa-5314	131	48	6	6	NUM
ajfa-5314	131	49	total	total	NOUN
ajfa-5314	131	50	70	70	NUM
ajfa-5314	131	51	70	70	NUM
ajfa-5314	131	52	70	70	NUM
ajfa-5314	131	53	70	70	NUM
ajfa-5314	131	54	70	70	NUM
ajfa-5314	131	55	table	table	NOUN
ajfa-5314	131	56	4	4	NUM
ajfa-5314	131	57	.	.	PUNCT
ajfa-5314	131	58	gross	gross	ADJ
ajfa-5314	131	59	domestic	domestic	ADJ
ajfa-5314	131	60	products	product	NOUN
ajfa-5314	131	61	(	(	PUNCT
ajfa-5314	131	62	gdp	gdp	NOUN
ajfa-5314	131	63	)	)	PUNCT
ajfa-5314	131	64	and	and	CCONJ
ajfa-5314	131	65	exports	export	NOUN
ajfa-5314	131	66	years	year	NOUN
ajfa-5314	131	67	2006	2006	NUM
ajfa-5314	131	68	2007	2007	NUM
ajfa-5314	131	69	2008	2008	NUM
ajfa-5314	131	70	2009	2009	NUM
ajfa-5314	131	71	2010	2010	NUM
ajfa-5314	131	72	gdp	gdp	NOUN
ajfa-5314	131	73	growth	growth	NOUN
ajfa-5314	131	74	%	%	NOUN
ajfa-5314	132	1	5.9	5.9	NUM
ajfa-5314	132	2	6.3	6.3	NUM
ajfa-5314	132	3	4.6	4.6	NUM
ajfa-5314	132	4	-1.7	-1.7	NUM
ajfa-5314	132	5	7.2	7.2	NUM
ajfa-5314	132	6	exports	export	NOUN
ajfa-5314	132	7	usd	usd	NOUN
ajfa-5314	132	8	187	187	NUM
ajfa-5314	132	9	192	192	NUM
ajfa-5314	132	10	210	210	NUM
ajfa-5314	132	11	175	175	NUM
ajfa-5314	132	12	202	202	NUM
ajfa-5314	132	13	exports	export	NOUN
ajfa-5314	132	14	growth	growth	NOUN
ajfa-5314	132	15	%	%	NOUN
ajfa-5314	132	16	10	10	NUM
ajfa-5314	132	17	3	3	NUM
ajfa-5314	132	18	9	9	NUM
ajfa-5314	132	19	-17	-17	SYM
ajfa-5314	132	20	15	15	NUM
ajfa-5314	132	21	table	table	NOUN
ajfa-5314	132	22	5	5	NUM
ajfa-5314	132	23	below	below	ADV
ajfa-5314	132	24	shows	show	VERB
ajfa-5314	132	25	the	the	DET
ajfa-5314	132	26	f	f	PROPN
ajfa-5314	132	27	-	-	PUNCT
ajfa-5314	132	28	statistics	statistic	NOUN
ajfa-5314	132	29	and	and	CCONJ
ajfa-5314	132	30	the	the	DET
ajfa-5314	132	31	p	p	NOUN
ajfa-5314	132	32	-	-	PUNCT
ajfa-5314	132	33	values	value	NOUN
ajfa-5314	132	34	of	of	ADP
ajfa-5314	132	35	the	the	DET
ajfa-5314	132	36	ratio	ratio	NOUN
ajfa-5314	132	37	variables	variable	NOUN
ajfa-5314	132	38	used	use	VERB
ajfa-5314	132	39	in	in	ADP
ajfa-5314	132	40	the	the	DET
ajfa-5314	132	41	cluster	cluster	NOUN
ajfa-5314	132	42	analysis	analysis	NOUN
ajfa-5314	132	43	.	.	PUNCT
ajfa-5314	133	1	the	the	DET
ajfa-5314	133	2	f	f	PROPN
ajfa-5314	133	3	values	value	NOUN
ajfa-5314	133	4	would	would	AUX
ajfa-5314	133	5	show	show	VERB
ajfa-5314	133	6	how	how	SCONJ
ajfa-5314	133	7	well	well	ADV
ajfa-5314	133	8	the	the	DET
ajfa-5314	133	9	variables	variable	NOUN
ajfa-5314	133	10	discriminate	discriminate	VERB
ajfa-5314	133	11	in	in	ADP
ajfa-5314	133	12	the	the	DET
ajfa-5314	133	13	clustering	clustering	ADJ
ajfa-5314	133	14	process	process	NOUN
ajfa-5314	133	15	.	.	PUNCT
ajfa-5314	134	1	variables	variable	NOUN
ajfa-5314	134	2	with	with	ADP
ajfa-5314	134	3	large	large	ADJ
ajfa-5314	134	4	f	f	PROPN
ajfa-5314	134	5	values	value	NOUN
ajfa-5314	134	6	will	will	AUX
ajfa-5314	134	7	discriminate	discriminate	VERB
ajfa-5314	134	8	better	well	ADV
ajfa-5314	134	9	than	than	ADP
ajfa-5314	134	10	those	those	PRON
ajfa-5314	134	11	with	with	ADP
ajfa-5314	134	12	lower	low	ADJ
ajfa-5314	134	13	f	f	PROPN
ajfa-5314	134	14	values	value	NOUN
ajfa-5314	134	15	.	.	PUNCT
ajfa-5314	135	1	the	the	DET
ajfa-5314	135	2	significance	significance	NOUN
ajfa-5314	135	3	or	or	CCONJ
ajfa-5314	135	4	p	p	NOUN
ajfa-5314	135	5	-	-	PUNCT
ajfa-5314	135	6	values	value	NOUN
ajfa-5314	135	7	would	would	AUX
ajfa-5314	135	8	not	not	PART
ajfa-5314	135	9	be	be	AUX
ajfa-5314	135	10	useful	useful	ADJ
ajfa-5314	135	11	in	in	ADP
ajfa-5314	135	12	the	the	DET
ajfa-5314	135	13	usual	usual	ADJ
ajfa-5314	135	14	tests	test	NOUN
ajfa-5314	135	15	of	of	ADP
ajfa-5314	135	16	the	the	DET
ajfa-5314	135	17	hypothesis	hypothesis	NOUN
ajfa-5314	135	18	that	that	PRON
ajfa-5314	135	19	the	the	DET
ajfa-5314	135	20	cluster	cluster	NOUN
ajfa-5314	135	21	means	mean	VERB
ajfa-5314	135	22	are	be	AUX
ajfa-5314	135	23	equal	equal	ADJ
ajfa-5314	135	24	and	and	CCONJ
ajfa-5314	135	25	the	the	DET
ajfa-5314	135	26	f	f	PROPN
ajfa-5314	135	27	tests	test	NOUN
ajfa-5314	135	28	should	should	AUX
ajfa-5314	135	29	be	be	AUX
ajfa-5314	135	30	used	use	VERB
ajfa-5314	135	31	as	as	ADP
ajfa-5314	135	32	descriptive	descriptive	ADJ
ajfa-5314	135	33	only	only	ADV
ajfa-5314	135	34	.	.	PUNCT
ajfa-5314	136	1	however	however	ADV
ajfa-5314	136	2	,	,	PUNCT
ajfa-5314	136	3	it	it	PRON
ajfa-5314	136	4	is	be	AUX
ajfa-5314	136	5	quite	quite	ADV
ajfa-5314	136	6	certain	certain	ADJ
ajfa-5314	136	7	that	that	SCONJ
ajfa-5314	136	8	those	those	DET
ajfa-5314	136	9	variables	variable	NOUN
ajfa-5314	136	10	with	with	ADP
ajfa-5314	136	11	f	f	PROPN
ajfa-5314	136	12	values	value	NOUN
ajfa-5314	136	13	greater	great	ADJ
ajfa-5314	136	14	than	than	ADP
ajfa-5314	136	15	0.05	0.05	NUM
ajfa-5314	136	16	would	would	AUX
ajfa-5314	136	17	cluster	cluster	VERB
ajfa-5314	136	18	the	the	DET
ajfa-5314	136	19	companies	company	NOUN
ajfa-5314	136	20	well	well	ADV
ajfa-5314	136	21	.	.	PUNCT
ajfa-5314	137	1	in	in	ADP
ajfa-5314	137	2	different	different	ADJ
ajfa-5314	137	3	years	year	NOUN
ajfa-5314	137	4	different	different	ADJ
ajfa-5314	137	5	variables	variable	NOUN
ajfa-5314	137	6	are	be	AUX
ajfa-5314	137	7	found	find	VERB
ajfa-5314	137	8	to	to	PART
ajfa-5314	137	9	cluster	cluster	VERB
ajfa-5314	137	10	well	well	ADV
ajfa-5314	137	11	.	.	PUNCT
ajfa-5314	138	1	in	in	ADP
ajfa-5314	138	2	2006	2006	NUM
ajfa-5314	138	3	,	,	PUNCT
ajfa-5314	138	4	ccl	ccl	PROPN
ajfa-5314	138	5	,	,	PUNCT
ajfa-5314	138	6	tdsf	tdsf	NOUN
ajfa-5314	138	7	and	and	CCONJ
ajfa-5314	138	8	cfta	cfta	ADV
ajfa-5314	138	9	are	be	AUX
ajfa-5314	138	10	significant	significant	ADJ
ajfa-5314	138	11	in	in	ADP
ajfa-5314	138	12	clustering	cluster	VERB
ajfa-5314	138	13	the	the	DET
ajfa-5314	138	14	companies	company	NOUN
ajfa-5314	138	15	well	well	ADV
ajfa-5314	138	16	.	.	PUNCT
ajfa-5314	139	1	for	for	ADP
ajfa-5314	139	2	2007	2007	NUM
ajfa-5314	139	3	,	,	PUNCT
ajfa-5314	139	4	the	the	DET
ajfa-5314	139	5	significant	significant	ADJ
ajfa-5314	139	6	variables	variable	NOUN
ajfa-5314	139	7	are	be	AUX
ajfa-5314	139	8	ccl	ccl	NOUN
ajfa-5314	139	9	,	,	PUNCT
ajfa-5314	139	10	tat	tat	NOUN
ajfa-5314	139	11	and	and	CCONJ
ajfa-5314	139	12	it	it	PRON
ajfa-5314	139	13	,	,	PUNCT
ajfa-5314	139	14	for	for	ADP
ajfa-5314	139	15	2008	2008	NUM
ajfa-5314	139	16	the	the	DET
ajfa-5314	139	17	variables	variable	NOUN
ajfa-5314	139	18	are	be	AUX
ajfa-5314	139	19	ebitta	ebitta	ADJ
ajfa-5314	139	20	,	,	PUNCT
ajfa-5314	139	21	cfta	cfta	ADV
ajfa-5314	139	22	and	and	CCONJ
ajfa-5314	139	23	it	it	PRON
ajfa-5314	139	24	,	,	PUNCT
ajfa-5314	139	25	for	for	ADP
ajfa-5314	139	26	2009	2009	NUM
ajfa-5314	139	27	,	,	PUNCT
ajfa-5314	139	28	there	there	PRON
ajfa-5314	139	29	is	be	VERB
ajfa-5314	139	30	only	only	ADV
ajfa-5314	139	31	one	one	NUM
ajfa-5314	139	32	significant	significant	ADJ
ajfa-5314	139	33	variable	variable	NOUN
ajfa-5314	139	34	which	which	PRON
ajfa-5314	139	35	is	be	AUX
ajfa-5314	139	36	tat	tat	ADJ
ajfa-5314	139	37	while	while	SCONJ
ajfa-5314	139	38	for	for	ADP
ajfa-5314	139	39	2010	2010	NUM
ajfa-5314	139	40	,	,	PUNCT
ajfa-5314	139	41	the	the	DET
ajfa-5314	139	42	significant	significant	ADJ
ajfa-5314	139	43	variables	variable	NOUN
ajfa-5314	139	44	are	be	AUX
ajfa-5314	139	45	ccl	ccl	NOUN
ajfa-5314	139	46	,	,	PUNCT
ajfa-5314	139	47	tat	tat	NOUN
ajfa-5314	139	48	and	and	CCONJ
ajfa-5314	139	49	it	it	PRON
ajfa-5314	139	50	.	.	PUNCT
ajfa-5314	140	1	overall	overall	ADV
ajfa-5314	140	2	,	,	PUNCT
ajfa-5314	140	3	for	for	ADP
ajfa-5314	140	4	the	the	DET
ajfa-5314	140	5	five	five	NUM
ajfa-5314	140	6	years	year	NOUN
ajfa-5314	140	7	,	,	PUNCT
ajfa-5314	140	8	tat	tat	NOUN
ajfa-5314	140	9	and	and	CCONJ
ajfa-5314	140	10	it	it	PRON
ajfa-5314	140	11	are	be	AUX
ajfa-5314	140	12	found	find	VERB
ajfa-5314	140	13	to	to	PART
ajfa-5314	140	14	be	be	AUX
ajfa-5314	140	15	potent	potent	ADJ
ajfa-5314	140	16	as	as	ADP
ajfa-5314	140	17	a	a	DET
ajfa-5314	140	18	clustering	clustering	ADJ
ajfa-5314	140	19	variable	variable	NOUN
ajfa-5314	140	20	for	for	ADP
ajfa-5314	140	21	4	4	NUM
ajfa-5314	140	22	of	of	ADP
ajfa-5314	140	23	the	the	DET
ajfa-5314	140	24	5	5	NUM
ajfa-5314	140	25	years	year	NOUN
ajfa-5314	140	26	while	while	SCONJ
ajfa-5314	140	27	ccl	ccl	PROPN
ajfa-5314	140	28	is	be	AUX
ajfa-5314	140	29	useful	useful	ADJ
ajfa-5314	140	30	for	for	ADP
ajfa-5314	140	31	3	3	NUM
ajfa-5314	140	32	of	of	ADP
ajfa-5314	140	33	the	the	DET
ajfa-5314	140	34	years	year	NOUN
ajfa-5314	140	35	.	.	PUNCT
ajfa-5314	141	1	table	table	NOUN
ajfa-5314	141	2	5	5	NUM
ajfa-5314	141	3	.	.	PUNCT
ajfa-5314	142	1	anova	anova	PROPN
ajfa-5314	142	2	statistics	statistic	NOUN
ajfa-5314	142	3	2006	2006	NUM
ajfa-5314	142	4	2007	2007	NUM
ajfa-5314	142	5	2008	2008	NUM
ajfa-5314	142	6	2009	2009	NUM
ajfa-5314	142	7	2010	2010	NUM
ajfa-5314	143	1	f	f	PROPN
ajfa-5314	143	2	value	value	NOUN
ajfa-5314	143	3	sig	sig	NOUN
ajfa-5314	143	4	.	.	PUNCT
ajfa-5314	144	1	f	f	PROPN
ajfa-5314	144	2	value	value	PROPN
ajfa-5314	144	3	sig	sig	NOUN
ajfa-5314	144	4	.	.	PUNCT
ajfa-5314	145	1	f	f	PROPN
ajfa-5314	145	2	value	value	PROPN
ajfa-5314	145	3	sig	sig	NOUN
ajfa-5314	145	4	.	.	PUNCT
ajfa-5314	146	1	f	f	PROPN
ajfa-5314	146	2	value	value	PROPN
ajfa-5314	146	3	sig	sig	NOUN
ajfa-5314	146	4	.	.	PUNCT
ajfa-5314	147	1	f	f	PROPN
ajfa-5314	147	2	value	value	PROPN
ajfa-5314	147	3	sig	sig	PROPN
ajfa-5314	147	4	.	.	PUNCT
ajfa-5314	148	1	ccl	ccl	PROPN
ajfa-5314	148	2	35.07	35.07	NUM
ajfa-5314	148	3	.000	.000	NUM
ajfa-5314	148	4	23.34	23.34	NUM
ajfa-5314	148	5	.000	.000	NUM
ajfa-5314	148	6	1.136	1.136	NUM
ajfa-5314	148	7	.351	.351	NUM
ajfa-5314	148	8	.181	.181	NUM
ajfa-5314	148	9	.96	.96	NUM
ajfa-5314	148	10	41.83	41.83	NUM
ajfa-5314	148	11	.000	.000	NUM
ajfa-5314	148	12	ebitta	ebitta	PROPN
ajfa-5314	148	13	0.32	0.32	NUM
ajfa-5314	148	14	.895	.895	NUM
ajfa-5314	148	15	1.59	1.59	NUM
ajfa-5314	148	16	.175	.175	NUM
ajfa-5314	148	17	25.97	25.97	NUM
ajfa-5314	148	18	.000	.000	NUM
ajfa-5314	148	19	1.13	1.13	NUM
ajfa-5314	148	20	.35	.35	NUM
ajfa-5314	148	21	1.96	1.96	NUM
ajfa-5314	148	22	.096	.096	NUM
ajfa-5314	148	23	tdsf	tdsf	VERB
ajfa-5314	148	24	3.76	3.76	NUM
ajfa-5314	148	25	.005	.005	NUM
ajfa-5314	148	26	2.11	2.11	NUM
ajfa-5314	148	27	.075	.075	NUM
ajfa-5314	148	28	2.01	2.01	NUM
ajfa-5314	148	29	.089	.089	NUM
ajfa-5314	148	30	2.26	2.26	NUM
ajfa-5314	148	31	.05	.05	NUM
ajfa-5314	148	32	1.03	1.03	NUM
ajfa-5314	148	33	.406	.406	NUM
ajfa-5314	148	34	cfta	cfta	ADV
ajfa-5314	148	35	0.44	0.44	NUM
ajfa-5314	148	36	.815	.815	NUM
ajfa-5314	148	37	2.02	2.02	NUM
ajfa-5314	148	38	.086	.086	NUM
ajfa-5314	148	39	2.61	2.61	NUM
ajfa-5314	148	40	.033	.033	NUM
ajfa-5314	148	41	0.34	0.34	NUM
ajfa-5314	148	42	.88	.88	NUM
ajfa-5314	148	43	1.87	1.87	NUM
ajfa-5314	148	44	.111	.111	NUM
ajfa-5314	148	45	tat	tat	NOUN
ajfa-5314	148	46	216.4	216.4	NUM
ajfa-5314	148	47	.000	.000	NUM
ajfa-5314	148	48	2345	2345	NUM
ajfa-5314	148	49	.000	.000	NUM
ajfa-5314	148	50	1.136	1.136	NUM
ajfa-5314	148	51	.351	.351	NUM
ajfa-5314	148	52	585.5	585.5	NUM
ajfa-5314	148	53	.00	.00	NUM
ajfa-5314	148	54	222.1	222.1	NUM
ajfa-5314	148	55	.000	.000	NUM
ajfa-5314	148	56	it	it	PRON
ajfa-5314	148	57	2.28	2.28	NUM
ajfa-5314	148	58	.057	.057	NUM
ajfa-5314	148	59	4.04	4.04	NUM
ajfa-5314	148	60	.003	.003	NUM
ajfa-5314	148	61	1069.8	1069.8	NUM
ajfa-5314	148	62	.000	.000	NUM
ajfa-5314	148	63	1.957	1.957	NUM
ajfa-5314	148	64	.09	.09	NUM
ajfa-5314	148	65	4.12	4.12	NUM
ajfa-5314	148	66	.003	.003	NUM
ajfa-5314	148	67	asian	asian	ADJ
ajfa-5314	148	68	journal	journal	NOUN
ajfa-5314	148	69	of	of	ADP
ajfa-5314	148	70	finance	finance	PROPN
ajfa-5314	148	71	&	&	CCONJ
ajfa-5314	148	72	accounting	accounting	PROPN
ajfa-5314	148	73	issn	issn	PROPN
ajfa-5314	148	74	1946	1946	NUM
ajfa-5314	148	75	-	-	PUNCT
ajfa-5314	148	76	052x	052x	PROPN
ajfa-5314	148	77	2014	2014	NUM
ajfa-5314	148	78	,	,	PUNCT
ajfa-5314	148	79	vol	vol	NOUN
ajfa-5314	148	80	.	.	PROPN
ajfa-5314	149	1	6	6	NUM
ajfa-5314	149	2	,	,	PUNCT
ajfa-5314	149	3	no	no	INTJ
ajfa-5314	149	4	.	.	NOUN
ajfa-5314	149	5	1	1	NUM
ajfa-5314	149	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5314	149	7	246	246	NUM
ajfa-5314	149	8	5	5	NUM
ajfa-5314	149	9	.	.	PUNCT
ajfa-5314	150	1	concluding	conclude	VERB
ajfa-5314	150	2	remarks	remark	NOUN
ajfa-5314	150	3	this	this	DET
ajfa-5314	150	4	paper	paper	NOUN
ajfa-5314	150	5	investigates	investigate	VERB
ajfa-5314	150	6	the	the	DET
ajfa-5314	150	7	effects	effect	NOUN
ajfa-5314	150	8	of	of	ADP
ajfa-5314	150	9	the	the	DET
ajfa-5314	150	10	2007/2008	2007/2008	NUM
ajfa-5314	150	11	financial	financial	ADJ
ajfa-5314	150	12	crisis	crisis	NOUN
ajfa-5314	150	13	on	on	ADP
ajfa-5314	150	14	the	the	DET
ajfa-5314	150	15	financial	financial	ADJ
ajfa-5314	150	16	performance	performance	NOUN
ajfa-5314	150	17	of	of	ADP
ajfa-5314	150	18	70	70	NUM
ajfa-5314	150	19	randomly	randomly	ADV
ajfa-5314	150	20	selected	select	VERB
ajfa-5314	150	21	listed	list	VERB
ajfa-5314	150	22	companies	company	NOUN
ajfa-5314	150	23	in	in	ADP
ajfa-5314	150	24	the	the	DET
ajfa-5314	150	25	manufacturing	manufacturing	NOUN
ajfa-5314	150	26	sector	sector	NOUN
ajfa-5314	150	27	in	in	ADP
ajfa-5314	150	28	malaysia	malaysia	PROPN
ajfa-5314	150	29	over	over	ADP
ajfa-5314	150	30	a	a	DET
ajfa-5314	150	31	period	period	NOUN
ajfa-5314	150	32	of	of	ADP
ajfa-5314	150	33	5	5	NUM
ajfa-5314	150	34	years	year	NOUN
ajfa-5314	150	35	from	from	ADP
ajfa-5314	150	36	2006	2006	NUM
ajfa-5314	150	37	to	to	ADP
ajfa-5314	150	38	2010	2010	NUM
ajfa-5314	150	39	.	.	PUNCT
ajfa-5314	151	1	using	use	VERB
ajfa-5314	151	2	factor	factor	NOUN
ajfa-5314	151	3	analysis	analysis	NOUN
ajfa-5314	151	4	,	,	PUNCT
ajfa-5314	151	5	an	an	DET
ajfa-5314	151	6	initial	initial	ADJ
ajfa-5314	151	7	set	set	NOUN
ajfa-5314	151	8	of	of	ADP
ajfa-5314	151	9	21	21	NUM
ajfa-5314	151	10	financial	financial	ADJ
ajfa-5314	151	11	ratios	ratio	NOUN
ajfa-5314	151	12	was	be	AUX
ajfa-5314	151	13	reduced	reduce	VERB
ajfa-5314	151	14	to	to	ADP
ajfa-5314	151	15	just	just	ADV
ajfa-5314	151	16	six	six	NUM
ajfa-5314	151	17	significant	significant	ADJ
ajfa-5314	151	18	ratios	ratio	NOUN
ajfa-5314	151	19	which	which	PRON
ajfa-5314	151	20	represented	represent	VERB
ajfa-5314	151	21	the	the	DET
ajfa-5314	151	22	underlying	underlie	VERB
ajfa-5314	151	23	dimensions	dimension	NOUN
ajfa-5314	151	24	of	of	ADP
ajfa-5314	151	25	the	the	DET
ajfa-5314	151	26	21	21	NUM
ajfa-5314	151	27	ratios	ratio	NOUN
ajfa-5314	151	28	.	.	PUNCT
ajfa-5314	152	1	of	of	ADP
ajfa-5314	152	2	the	the	DET
ajfa-5314	152	3	six	six	NUM
ajfa-5314	152	4	ratios	ratio	NOUN
ajfa-5314	152	5	identified	identify	VERB
ajfa-5314	152	6	,	,	PUNCT
ajfa-5314	152	7	two	two	NUM
ajfa-5314	152	8	are	be	AUX
ajfa-5314	152	9	measures	measure	NOUN
ajfa-5314	152	10	of	of	ADP
ajfa-5314	152	11	efficiency	efficiency	NOUN
ajfa-5314	152	12	in	in	ADP
ajfa-5314	152	13	utilization	utilization	NOUN
ajfa-5314	152	14	of	of	ADP
ajfa-5314	152	15	assets	asset	NOUN
ajfa-5314	152	16	(	(	PUNCT
ajfa-5314	152	17	total	total	ADJ
ajfa-5314	152	18	assets	asset	NOUN
ajfa-5314	152	19	turnover	turnover	NOUN
ajfa-5314	152	20	and	and	CCONJ
ajfa-5314	152	21	inventory	inventory	NOUN
ajfa-5314	152	22	turnover	turnover	NOUN
ajfa-5314	152	23	)	)	PUNCT
ajfa-5314	152	24	,	,	PUNCT
ajfa-5314	152	25	and	and	CCONJ
ajfa-5314	152	26	one	one	NUM
ajfa-5314	152	27	each	each	PRON
ajfa-5314	152	28	to	to	PART
ajfa-5314	152	29	measure	measure	VERB
ajfa-5314	152	30	cash	cash	NOUN
ajfa-5314	152	31	position	position	NOUN
ajfa-5314	152	32	(	(	PUNCT
ajfa-5314	152	33	cash	cash	NOUN
ajfa-5314	152	34	to	to	ADP
ajfa-5314	152	35	current	current	ADJ
ajfa-5314	152	36	liabilities	liability	NOUN
ajfa-5314	152	37	)	)	PUNCT
ajfa-5314	152	38	,	,	PUNCT
ajfa-5314	152	39	profitability	profitability	NOUN
ajfa-5314	152	40	(	(	PUNCT
ajfa-5314	152	41	earnings	earning	NOUN
ajfa-5314	152	42	before	before	ADP
ajfa-5314	152	43	interest	interest	NOUN
ajfa-5314	152	44	and	and	CCONJ
ajfa-5314	152	45	tax	tax	NOUN
ajfa-5314	152	46	)	)	PUNCT
ajfa-5314	152	47	,	,	PUNCT
ajfa-5314	152	48	short	short	ADJ
ajfa-5314	152	49	term	term	NOUN
ajfa-5314	152	50	liquidity	liquidity	NOUN
ajfa-5314	152	51	(	(	PUNCT
ajfa-5314	152	52	cash	cash	NOUN
ajfa-5314	152	53	flow	flow	NOUN
ajfa-5314	152	54	to	to	ADP
ajfa-5314	152	55	total	total	ADJ
ajfa-5314	152	56	assets	asset	NOUN
ajfa-5314	152	57	)	)	PUNCT
ajfa-5314	152	58	,	,	PUNCT
ajfa-5314	152	59	and	and	CCONJ
ajfa-5314	152	60	one	one	NUM
ajfa-5314	152	61	that	that	PRON
ajfa-5314	152	62	measures	measure	VERB
ajfa-5314	152	63	solvency	solvency	NOUN
ajfa-5314	152	64	(	(	PUNCT
ajfa-5314	152	65	total	total	ADJ
ajfa-5314	152	66	debts	debt	NOUN
ajfa-5314	152	67	to	to	ADP
ajfa-5314	152	68	shareholders	shareholder	NOUN
ajfa-5314	152	69	’	'	PUNCT
ajfa-5314	152	70	funds	fund	NOUN
ajfa-5314	152	71	)	)	PUNCT
ajfa-5314	152	72	.	.	PUNCT
ajfa-5314	153	1	another	another	DET
ajfa-5314	153	2	objective	objective	NOUN
ajfa-5314	153	3	of	of	ADP
ajfa-5314	153	4	this	this	DET
ajfa-5314	153	5	study	study	NOUN
ajfa-5314	153	6	is	be	AUX
ajfa-5314	153	7	to	to	PART
ajfa-5314	153	8	use	use	VERB
ajfa-5314	153	9	the	the	DET
ajfa-5314	153	10	smaller	small	ADJ
ajfa-5314	153	11	set	set	NOUN
ajfa-5314	153	12	of	of	ADP
ajfa-5314	153	13	representative	representative	ADJ
ajfa-5314	153	14	ratios	ratio	NOUN
ajfa-5314	153	15	as	as	SCONJ
ajfa-5314	153	16	identified	identify	VERB
ajfa-5314	153	17	,	,	PUNCT
ajfa-5314	153	18	to	to	PART
ajfa-5314	153	19	cluster	cluster	VERB
ajfa-5314	153	20	these	these	DET
ajfa-5314	153	21	companies	company	NOUN
ajfa-5314	153	22	into	into	ADP
ajfa-5314	153	23	four	four	NUM
ajfa-5314	153	24	clusters	cluster	NOUN
ajfa-5314	153	25	namely	namely	ADV
ajfa-5314	153	26	good	good	ADJ
ajfa-5314	153	27	financial	financial	ADJ
ajfa-5314	153	28	performers	performer	NOUN
ajfa-5314	153	29	,	,	PUNCT
ajfa-5314	153	30	above	above	ADV
ajfa-5314	153	31	and	and	CCONJ
ajfa-5314	153	32	below	below	ADP
ajfa-5314	153	33	average	average	ADJ
ajfa-5314	153	34	performers	performer	NOUN
ajfa-5314	153	35	and	and	CCONJ
ajfa-5314	153	36	the	the	DET
ajfa-5314	153	37	poor	poor	ADJ
ajfa-5314	153	38	performers	performer	NOUN
ajfa-5314	153	39	.	.	PUNCT
ajfa-5314	154	1	each	each	DET
ajfa-5314	154	2	company	company	NOUN
ajfa-5314	154	3	’s	’s	PART
ajfa-5314	154	4	performance	performance	NOUN
ajfa-5314	154	5	are	be	AUX
ajfa-5314	154	6	analyzed	analyze	VERB
ajfa-5314	154	7	and	and	CCONJ
ajfa-5314	154	8	tracked	track	VERB
ajfa-5314	154	9	over	over	ADP
ajfa-5314	154	10	a	a	DET
ajfa-5314	154	11	five	five	NUM
ajfa-5314	154	12	year	year	NOUN
ajfa-5314	154	13	period	period	NOUN
ajfa-5314	154	14	from	from	ADP
ajfa-5314	154	15	2006	2006	NUM
ajfa-5314	154	16	to	to	ADP
ajfa-5314	154	17	2010	2010	NUM
ajfa-5314	154	18	to	to	PART
ajfa-5314	154	19	see	see	VERB
ajfa-5314	154	20	how	how	SCONJ
ajfa-5314	154	21	they	they	PRON
ajfa-5314	154	22	have	have	AUX
ajfa-5314	154	23	moved	move	VERB
ajfa-5314	154	24	or	or	CCONJ
ajfa-5314	154	25	migrated	migrate	VERB
ajfa-5314	154	26	between	between	ADP
ajfa-5314	154	27	the	the	DET
ajfa-5314	154	28	clusters	cluster	NOUN
ajfa-5314	154	29	.	.	PUNCT
ajfa-5314	155	1	it	it	PRON
ajfa-5314	155	2	was	be	AUX
ajfa-5314	155	3	found	find	VERB
ajfa-5314	155	4	that	that	SCONJ
ajfa-5314	155	5	the	the	DET
ajfa-5314	155	6	companies	company	NOUN
ajfa-5314	155	7	’	’	PART
ajfa-5314	155	8	financial	financial	ADJ
ajfa-5314	155	9	performance	performance	NOUN
ajfa-5314	155	10	have	have	AUX
ajfa-5314	155	11	all	all	PRON
ajfa-5314	155	12	declined	decline	VERB
ajfa-5314	155	13	sharply	sharply	ADV
ajfa-5314	155	14	over	over	ADP
ajfa-5314	155	15	the	the	DET
ajfa-5314	155	16	five	five	NUM
ajfa-5314	155	17	years	year	NOUN
ajfa-5314	155	18	.	.	PUNCT
ajfa-5314	156	1	of	of	ADP
ajfa-5314	156	2	46	46	NUM
ajfa-5314	156	3	companies	company	NOUN
ajfa-5314	156	4	in	in	ADP
ajfa-5314	156	5	the	the	DET
ajfa-5314	156	6	good	good	ADJ
ajfa-5314	156	7	performing	perform	VERB
ajfa-5314	156	8	cluster	cluster	NOUN
ajfa-5314	156	9	in	in	ADP
ajfa-5314	156	10	2006	2006	NUM
ajfa-5314	156	11	,	,	PUNCT
ajfa-5314	156	12	there	there	PRON
ajfa-5314	156	13	were	be	VERB
ajfa-5314	156	14	only	only	ADV
ajfa-5314	156	15	6	6	NUM
ajfa-5314	156	16	in	in	ADP
ajfa-5314	156	17	this	this	DET
ajfa-5314	156	18	cluster	cluster	NOUN
ajfa-5314	156	19	in	in	ADP
ajfa-5314	156	20	2010	2010	NUM
ajfa-5314	156	21	.	.	PUNCT
ajfa-5314	157	1	of	of	ADP
ajfa-5314	157	2	the	the	DET
ajfa-5314	157	3	7	7	NUM
ajfa-5314	157	4	poor	poor	ADJ
ajfa-5314	157	5	performing	perform	VERB
ajfa-5314	157	6	companies	company	NOUN
ajfa-5314	157	7	in	in	ADP
ajfa-5314	157	8	2006	2006	NUM
ajfa-5314	157	9	,	,	PUNCT
ajfa-5314	157	10	there	there	PRON
ajfa-5314	157	11	were	be	VERB
ajfa-5314	157	12	27	27	NUM
ajfa-5314	157	13	in	in	ADP
ajfa-5314	157	14	2010	2010	NUM
ajfa-5314	157	15	and	and	CCONJ
ajfa-5314	157	16	analysing	analyse	VERB
ajfa-5314	157	17	the	the	DET
ajfa-5314	157	18	average	average	ADJ
ajfa-5314	157	19	performing	perform	VERB
ajfa-5314	157	20	companies	company	NOUN
ajfa-5314	157	21	in	in	ADP
ajfa-5314	157	22	the	the	DET
ajfa-5314	157	23	average	average	ADJ
ajfa-5314	157	24	clusters	cluster	NOUN
ajfa-5314	157	25	in	in	ADP
ajfa-5314	157	26	2006	2006	NUM
ajfa-5314	157	27	,	,	PUNCT
ajfa-5314	157	28	it	it	PRON
ajfa-5314	157	29	was	be	AUX
ajfa-5314	157	30	found	find	VERB
ajfa-5314	157	31	that	that	SCONJ
ajfa-5314	157	32	15	15	NUM
ajfa-5314	157	33	of	of	ADP
ajfa-5314	157	34	those	those	DET
ajfa-5314	157	35	companies	company	NOUN
ajfa-5314	157	36	have	have	AUX
ajfa-5314	157	37	actually	actually	ADV
ajfa-5314	157	38	fall	fall	VERB
ajfa-5314	157	39	downwards	downwards	ADV
ajfa-5314	157	40	into	into	ADP
ajfa-5314	157	41	the	the	DET
ajfa-5314	157	42	poor	poor	ADJ
ajfa-5314	157	43	cluster	cluster	NOUN
ajfa-5314	157	44	in	in	ADP
ajfa-5314	157	45	2010	2010	NUM
ajfa-5314	157	46	.	.	PUNCT
ajfa-5314	158	1	the	the	DET
ajfa-5314	158	2	results	result	NOUN
ajfa-5314	158	3	also	also	ADV
ajfa-5314	158	4	showed	show	VERB
ajfa-5314	158	5	that	that	SCONJ
ajfa-5314	158	6	not	not	PART
ajfa-5314	158	7	all	all	DET
ajfa-5314	158	8	ratios	ratio	NOUN
ajfa-5314	158	9	are	be	AUX
ajfa-5314	158	10	significant	significant	ADJ
ajfa-5314	158	11	in	in	ADP
ajfa-5314	158	12	its	its	PRON
ajfa-5314	158	13	clustering	clustering	ADJ
ajfa-5314	158	14	abilities	ability	NOUN
ajfa-5314	158	15	.	.	PUNCT
ajfa-5314	159	1	the	the	DET
ajfa-5314	159	2	ratios	ratio	NOUN
ajfa-5314	159	3	that	that	PRON
ajfa-5314	159	4	stand	stand	VERB
ajfa-5314	159	5	out	out	ADP
ajfa-5314	159	6	are	be	AUX
ajfa-5314	159	7	total	total	ADJ
ajfa-5314	159	8	assets	asset	NOUN
ajfa-5314	159	9	turnover	turnover	NOUN
ajfa-5314	159	10	and	and	CCONJ
ajfa-5314	159	11	inventory	inventory	NOUN
ajfa-5314	159	12	turnover	turnover	NOUN
ajfa-5314	159	13	which	which	PRON
ajfa-5314	159	14	are	be	AUX
ajfa-5314	159	15	significant	significant	ADJ
ajfa-5314	159	16	in	in	ADP
ajfa-5314	159	17	4	4	NUM
ajfa-5314	159	18	of	of	ADP
ajfa-5314	159	19	the	the	DET
ajfa-5314	159	20	5	5	NUM
ajfa-5314	159	21	years	year	NOUN
ajfa-5314	159	22	while	while	SCONJ
ajfa-5314	159	23	cash	cash	NOUN
ajfa-5314	159	24	to	to	ADP
ajfa-5314	159	25	current	current	ADJ
ajfa-5314	159	26	liabilities	liability	NOUN
ajfa-5314	159	27	is	be	AUX
ajfa-5314	159	28	found	find	VERB
ajfa-5314	159	29	significant	significant	ADJ
ajfa-5314	159	30	in	in	ADP
ajfa-5314	159	31	3	3	NUM
ajfa-5314	159	32	out	out	ADP
ajfa-5314	159	33	of	of	ADP
ajfa-5314	159	34	the	the	DET
ajfa-5314	159	35	5	5	NUM
ajfa-5314	159	36	years	year	NOUN
ajfa-5314	159	37	.	.	PUNCT
ajfa-5314	160	1	a	a	DET
ajfa-5314	160	2	comparison	comparison	NOUN
ajfa-5314	160	3	is	be	AUX
ajfa-5314	160	4	made	make	VERB
ajfa-5314	160	5	to	to	PART
ajfa-5314	160	6	see	see	VERB
ajfa-5314	160	7	whether	whether	SCONJ
ajfa-5314	160	8	there	there	PRON
ajfa-5314	160	9	is	be	VERB
ajfa-5314	160	10	a	a	DET
ajfa-5314	160	11	direct	direct	ADJ
ajfa-5314	160	12	link	link	NOUN
ajfa-5314	160	13	between	between	ADP
ajfa-5314	160	14	company	company	NOUN
ajfa-5314	160	15	financial	financial	ADJ
ajfa-5314	160	16	performance	performance	NOUN
ajfa-5314	160	17	and	and	CCONJ
ajfa-5314	160	18	the	the	DET
ajfa-5314	160	19	financial	financial	ADJ
ajfa-5314	160	20	crisis	crisis	NOUN
ajfa-5314	160	21	.	.	PUNCT
ajfa-5314	161	1	the	the	DET
ajfa-5314	161	2	findings	finding	NOUN
ajfa-5314	161	3	showed	show	VERB
ajfa-5314	161	4	that	that	SCONJ
ajfa-5314	161	5	there	there	PRON
ajfa-5314	161	6	is	be	VERB
ajfa-5314	161	7	a	a	DET
ajfa-5314	161	8	direct	direct	ADJ
ajfa-5314	161	9	correlation	correlation	NOUN
ajfa-5314	161	10	between	between	ADP
ajfa-5314	161	11	the	the	DET
ajfa-5314	161	12	two	two	NUM
ajfa-5314	161	13	where	where	SCONJ
ajfa-5314	161	14	the	the	DET
ajfa-5314	161	15	country	country	NOUN
ajfa-5314	161	16	’s	’s	PART
ajfa-5314	161	17	gdp	gdp	NOUN
ajfa-5314	161	18	growth	growth	NOUN
ajfa-5314	161	19	and	and	CCONJ
ajfa-5314	161	20	exports	export	NOUN
ajfa-5314	161	21	have	have	AUX
ajfa-5314	161	22	contracted	contract	VERB
ajfa-5314	161	23	gradually	gradually	ADV
ajfa-5314	161	24	since	since	SCONJ
ajfa-5314	161	25	the	the	DET
ajfa-5314	161	26	crisis	crisis	NOUN
ajfa-5314	161	27	started	start	VERB
ajfa-5314	161	28	with	with	ADP
ajfa-5314	161	29	the	the	DET
ajfa-5314	161	30	most	most	ADV
ajfa-5314	161	31	severe	severe	ADJ
ajfa-5314	161	32	contraction	contraction	NOUN
ajfa-5314	161	33	in	in	ADP
ajfa-5314	161	34	gdp	gdp	NOUN
ajfa-5314	161	35	and	and	CCONJ
ajfa-5314	161	36	drop	drop	VERB
ajfa-5314	161	37	in	in	ADP
ajfa-5314	161	38	exports	export	NOUN
ajfa-5314	161	39	in	in	ADP
ajfa-5314	161	40	2009	2009	NUM
ajfa-5314	161	41	at	at	ADP
ajfa-5314	161	42	the	the	DET
ajfa-5314	161	43	height	height	NOUN
ajfa-5314	161	44	of	of	ADP
ajfa-5314	161	45	the	the	DET
ajfa-5314	161	46	financial	financial	ADJ
ajfa-5314	161	47	crisis	crisis	NOUN
ajfa-5314	161	48	.	.	PUNCT
ajfa-5314	162	1	however	however	ADV
ajfa-5314	162	2	,	,	PUNCT
ajfa-5314	162	3	the	the	DET
ajfa-5314	162	4	financial	financial	ADJ
ajfa-5314	162	5	performance	performance	NOUN
ajfa-5314	162	6	of	of	ADP
ajfa-5314	162	7	malaysian	malaysian	ADJ
ajfa-5314	162	8	companies	company	NOUN
ajfa-5314	162	9	has	have	AUX
ajfa-5314	162	10	still	still	ADV
ajfa-5314	162	11	not	not	PART
ajfa-5314	162	12	recovered	recover	VERB
ajfa-5314	162	13	to	to	ADP
ajfa-5314	162	14	the	the	DET
ajfa-5314	162	15	pre	pre	ADJ
ajfa-5314	162	16	-	-	ADJ
ajfa-5314	162	17	crisis	crisis	ADJ
ajfa-5314	162	18	level	level	NOUN
ajfa-5314	162	19	even	even	ADV
ajfa-5314	162	20	in	in	ADP
ajfa-5314	162	21	2010	2010	NUM
ajfa-5314	162	22	.	.	PUNCT
ajfa-5314	163	1	in	in	ADP
ajfa-5314	163	2	conclusion	conclusion	NOUN
ajfa-5314	163	3	,	,	PUNCT
ajfa-5314	163	4	the	the	DET
ajfa-5314	163	5	study	study	NOUN
ajfa-5314	163	6	showed	show	VERB
ajfa-5314	163	7	that	that	SCONJ
ajfa-5314	163	8	with	with	ADP
ajfa-5314	163	9	just	just	ADV
ajfa-5314	163	10	6	6	NUM
ajfa-5314	163	11	financial	financial	ADJ
ajfa-5314	163	12	ratios	ratio	NOUN
ajfa-5314	163	13	,	,	PUNCT
ajfa-5314	163	14	a	a	DET
ajfa-5314	163	15	company	company	NOUN
ajfa-5314	163	16	’s	’s	PART
ajfa-5314	163	17	financial	financial	ADJ
ajfa-5314	163	18	performance	performance	NOUN
ajfa-5314	163	19	can	can	AUX
ajfa-5314	163	20	be	be	AUX
ajfa-5314	163	21	tracked	track	VERB
ajfa-5314	163	22	and	and	CCONJ
ajfa-5314	163	23	analysed	analyse	VERB
ajfa-5314	163	24	over	over	ADP
ajfa-5314	163	25	a	a	DET
ajfa-5314	163	26	period	period	NOUN
ajfa-5314	163	27	of	of	ADP
ajfa-5314	163	28	time	time	NOUN
ajfa-5314	163	29	resulting	result	VERB
ajfa-5314	163	30	in	in	ADP
ajfa-5314	163	31	the	the	DET
ajfa-5314	163	32	enhancement	enhancement	NOUN
ajfa-5314	163	33	of	of	ADP
ajfa-5314	163	34	the	the	DET
ajfa-5314	163	35	quality	quality	NOUN
ajfa-5314	163	36	of	of	ADP
ajfa-5314	163	37	credit	credit	NOUN
ajfa-5314	163	38	evaluations	evaluation	NOUN
ajfa-5314	163	39	as	as	ADV
ajfa-5314	163	40	well	well	ADV
ajfa-5314	163	41	as	as	ADP
ajfa-5314	163	42	the	the	DET
ajfa-5314	163	43	minimizing	minimizing	NOUN
ajfa-5314	163	44	of	of	ADP
ajfa-5314	163	45	investor	investor	NOUN
ajfa-5314	163	46	risks	risk	NOUN
ajfa-5314	163	47	.	.	PUNCT
ajfa-5314	164	1	finally	finally	ADV
ajfa-5314	164	2	,	,	PUNCT
ajfa-5314	164	3	this	this	DET
ajfa-5314	164	4	paper	paper	NOUN
ajfa-5314	164	5	showed	show	VERB
ajfa-5314	164	6	that	that	SCONJ
ajfa-5314	164	7	though	though	SCONJ
ajfa-5314	164	8	the	the	DET
ajfa-5314	164	9	2007/08	2007/08	NUM
ajfa-5314	164	10	financial	financial	ADJ
ajfa-5314	164	11	crisis	crisis	NOUN
ajfa-5314	164	12	has	have	AUX
ajfa-5314	164	13	affected	affect	VERB
ajfa-5314	164	14	the	the	DET
ajfa-5314	164	15	financial	financial	ADJ
ajfa-5314	164	16	performance	performance	NOUN
ajfa-5314	164	17	of	of	ADP
ajfa-5314	164	18	companies	company	NOUN
ajfa-5314	164	19	,	,	PUNCT
ajfa-5314	164	20	the	the	DET
ajfa-5314	164	21	extent	extent	NOUN
ajfa-5314	164	22	and	and	CCONJ
ajfa-5314	164	23	severity	severity	NOUN
ajfa-5314	164	24	of	of	ADP
ajfa-5314	164	25	the	the	DET
ajfa-5314	164	26	impact	impact	NOUN
ajfa-5314	164	27	has	have	AUX
ajfa-5314	164	28	been	be	AUX
ajfa-5314	164	29	found	find	VERB
ajfa-5314	164	30	to	to	PART
ajfa-5314	164	31	be	be	AUX
ajfa-5314	164	32	much	much	ADV
ajfa-5314	164	33	more	more	ADV
ajfa-5314	164	34	devastating	devastating	ADJ
ajfa-5314	164	35	on	on	ADP
ajfa-5314	164	36	companies	company	NOUN
ajfa-5314	164	37	’	'	PUNCT
ajfa-5314	164	38	financials	financial	NOUN
ajfa-5314	164	39	than	than	SCONJ
ajfa-5314	164	40	has	have	AUX
ajfa-5314	164	41	generally	generally	ADV
ajfa-5314	164	42	been	be	AUX
ajfa-5314	164	43	known	know	VERB
ajfa-5314	164	44	as	as	ADP
ajfa-5314	164	45	media	medium	NOUN
ajfa-5314	164	46	reports	report	NOUN
ajfa-5314	164	47	then	then	ADV
ajfa-5314	164	48	suggesting	suggest	VERB
ajfa-5314	164	49	that	that	SCONJ
ajfa-5314	164	50	the	the	DET
ajfa-5314	164	51	emerging	emerge	VERB
ajfa-5314	164	52	economies	economy	NOUN
ajfa-5314	164	53	like	like	ADP
ajfa-5314	164	54	malaysia	malaysia	PROPN
ajfa-5314	164	55	will	will	AUX
ajfa-5314	164	56	not	not	PART
ajfa-5314	164	57	been	be	AUX
ajfa-5314	164	58	too	too	ADV
ajfa-5314	164	59	badly	badly	ADV
ajfa-5314	164	60	affected	affect	VERB
ajfa-5314	164	61	as	as	SCONJ
ajfa-5314	164	62	they	they	PRON
ajfa-5314	164	63	are	be	AUX
ajfa-5314	164	64	not	not	PART
ajfa-5314	164	65	exposed	expose	VERB
ajfa-5314	164	66	to	to	ADP
ajfa-5314	164	67	the	the	DET
ajfa-5314	164	68	many	many	ADJ
ajfa-5314	164	69	complex	complex	ADJ
ajfa-5314	164	70	financial	financial	ADJ
ajfa-5314	164	71	instruments	instrument	NOUN
ajfa-5314	164	72	including	include	VERB
ajfa-5314	164	73	derivatives	derivative	NOUN
ajfa-5314	164	74	that	that	PRON
ajfa-5314	164	75	to	to	ADP
ajfa-5314	164	76	a	a	DET
ajfa-5314	164	77	great	great	ADJ
ajfa-5314	164	78	extent	extent	NOUN
ajfa-5314	164	79	contributed	contribute	VERB
ajfa-5314	164	80	to	to	ADP
ajfa-5314	164	81	the	the	DET
ajfa-5314	164	82	subprime	subprime	ADJ
ajfa-5314	164	83	crisis	crisis	NOUN
ajfa-5314	164	84	.	.	PUNCT
ajfa-5314	165	1	6	6	X
ajfa-5314	165	2	.	.	X
ajfa-5314	165	3	limitation	limitation	NOUN
ajfa-5314	165	4	of	of	ADP
ajfa-5314	165	5	the	the	DET
ajfa-5314	165	6	study	study	NOUN
ajfa-5314	165	7	and	and	CCONJ
ajfa-5314	165	8	future	future	ADJ
ajfa-5314	165	9	studies	study	NOUN
ajfa-5314	165	10	this	this	DET
ajfa-5314	165	11	study	study	NOUN
ajfa-5314	165	12	is	be	AUX
ajfa-5314	165	13	limited	limit	VERB
ajfa-5314	165	14	to	to	ADP
ajfa-5314	165	15	70	70	NUM
ajfa-5314	165	16	companies	company	NOUN
ajfa-5314	165	17	in	in	ADP
ajfa-5314	165	18	the	the	DET
ajfa-5314	165	19	industrial	industrial	ADJ
ajfa-5314	165	20	products	product	NOUN
ajfa-5314	165	21	sector	sector	NOUN
ajfa-5314	165	22	representing	represent	VERB
ajfa-5314	165	23	28	28	NUM
ajfa-5314	165	24	%	%	NOUN
ajfa-5314	165	25	of	of	ADP
ajfa-5314	165	26	total	total	ADJ
ajfa-5314	165	27	companies	company	NOUN
ajfa-5314	165	28	in	in	ADP
ajfa-5314	165	29	this	this	DET
ajfa-5314	165	30	sector	sector	NOUN
ajfa-5314	165	31	.	.	PUNCT
ajfa-5314	166	1	future	future	ADJ
ajfa-5314	166	2	studies	study	NOUN
ajfa-5314	166	3	could	could	AUX
ajfa-5314	166	4	not	not	PART
ajfa-5314	166	5	only	only	ADV
ajfa-5314	166	6	expand	expand	VERB
ajfa-5314	166	7	on	on	ADP
ajfa-5314	166	8	the	the	DET
ajfa-5314	166	9	number	number	NOUN
ajfa-5314	166	10	of	of	ADP
ajfa-5314	166	11	companies	company	NOUN
ajfa-5314	166	12	to	to	PART
ajfa-5314	166	13	be	be	AUX
ajfa-5314	166	14	studied	study	VERB
ajfa-5314	166	15	in	in	ADP
ajfa-5314	166	16	this	this	DET
ajfa-5314	166	17	sector	sector	NOUN
ajfa-5314	166	18	but	but	CCONJ
ajfa-5314	166	19	in	in	ADP
ajfa-5314	166	20	other	other	ADJ
ajfa-5314	166	21	sectors	sector	NOUN
ajfa-5314	166	22	to	to	PART
ajfa-5314	166	23	see	see	VERB
ajfa-5314	166	24	whether	whether	SCONJ
ajfa-5314	166	25	similar	similar	ADJ
ajfa-5314	166	26	conclusions	conclusion	NOUN
ajfa-5314	166	27	can	can	AUX
ajfa-5314	166	28	be	be	AUX
ajfa-5314	166	29	made	make	VERB
ajfa-5314	166	30	.	.	PUNCT
ajfa-5314	167	1	this	this	DET
ajfa-5314	167	2	study	study	NOUN
ajfa-5314	167	3	can	can	AUX
ajfa-5314	167	4	be	be	AUX
ajfa-5314	167	5	extended	extend	VERB
ajfa-5314	167	6	beyond	beyond	ADP
ajfa-5314	167	7	2010	2010	NUM
ajfa-5314	167	8	to	to	PART
ajfa-5314	167	9	see	see	VERB
ajfa-5314	167	10	whether	whether	SCONJ
ajfa-5314	167	11	the	the	DET
ajfa-5314	167	12	continuing	continue	VERB
ajfa-5314	167	13	economic	economic	ADJ
ajfa-5314	167	14	recovery	recovery	NOUN
ajfa-5314	167	15	in	in	ADP
ajfa-5314	167	16	2011	2011	NUM
ajfa-5314	167	17	and	and	CCONJ
ajfa-5314	167	18	2012	2012	NUM
ajfa-5314	167	19	has	have	AUX
ajfa-5314	167	20	also	also	ADV
ajfa-5314	167	21	been	be	AUX
ajfa-5314	167	22	reflected	reflect	VERB
ajfa-5314	167	23	in	in	ADP
ajfa-5314	167	24	better	well	ADJ
ajfa-5314	167	25	financial	financial	ADJ
ajfa-5314	167	26	performance	performance	NOUN
ajfa-5314	167	27	asian	asian	ADJ
ajfa-5314	167	28	journal	journal	NOUN
ajfa-5314	167	29	of	of	ADP
ajfa-5314	167	30	finance	finance	PROPN
ajfa-5314	167	31	&	&	CCONJ
ajfa-5314	167	32	accounting	accounting	PROPN
ajfa-5314	167	33	issn	issn	PROPN
ajfa-5314	167	34	1946	1946	NUM
ajfa-5314	167	35	-	-	PUNCT
ajfa-5314	167	36	052x	052x	PROPN
ajfa-5314	167	37	2014	2014	NUM
ajfa-5314	167	38	,	,	PUNCT
ajfa-5314	167	39	vol	vol	NOUN
ajfa-5314	167	40	.	.	PROPN
ajfa-5314	168	1	6	6	NUM
ajfa-5314	168	2	,	,	PUNCT
ajfa-5314	168	3	no	no	INTJ
ajfa-5314	168	4	.	.	NOUN
ajfa-5314	168	5	1	1	NUM
ajfa-5314	168	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5314	168	7	247	247	NUM
ajfa-5314	168	8	of	of	ADP
ajfa-5314	168	9	these	these	DET
ajfa-5314	168	10	companies	company	NOUN
ajfa-5314	168	11	for	for	ADP
ajfa-5314	168	12	those	those	DET
ajfa-5314	168	13	years	year	NOUN
ajfa-5314	168	14	.	.	PUNCT
ajfa-5314	169	1	references	reference	NOUN
ajfa-5314	169	2	altman	altman	PROPN
ajfa-5314	169	3	,	,	PUNCT
ajfa-5314	169	4	e.i	e.i	PROPN
ajfa-5314	169	5	.	.	PROPN
ajfa-5314	169	6	(	(	PUNCT
ajfa-5314	169	7	1968	1968	NUM
ajfa-5314	169	8	)	)	PUNCT
ajfa-5314	169	9	.	.	PUNCT
ajfa-5314	170	1	financial	financial	ADJ
ajfa-5314	170	2	ratios	ratio	NOUN
ajfa-5314	170	3	,	,	PUNCT
ajfa-5314	170	4	discriminant	discriminant	ADJ
ajfa-5314	170	5	analysis	analysis	NOUN
ajfa-5314	170	6	and	and	CCONJ
ajfa-5314	170	7	the	the	DET
ajfa-5314	170	8	prediction	prediction	NOUN
ajfa-5314	170	9	of	of	ADP
ajfa-5314	170	10	corporate	corporate	ADJ
ajfa-5314	170	11	bankruptcy	bankruptcy	NOUN
ajfa-5314	170	12	.	.	PUNCT
ajfa-5314	171	1	journal	journal	PROPN
ajfa-5314	171	2	of	of	ADP
ajfa-5314	171	3	finance	finance	NOUN
ajfa-5314	171	4	,	,	PUNCT
ajfa-5314	171	5	23(4	23(4	NOUN
ajfa-5314	171	6	)	)	PUNCT
ajfa-5314	171	7	,	,	PUNCT
ajfa-5314	171	8	589	589	NUM
ajfa-5314	171	9	-	-	SYM
ajfa-5314	171	10	609	609	NUM
ajfa-5314	171	11	.	.	PUNCT
ajfa-5314	172	1	http://dx.doi.org/10.1111/j.1540-6261.1968.tb00843.x	http://dx.doi.org/10.1111/j.1540-6261.1968.tb00843.x	PROPN
ajfa-5314	172	2	ang	ang	INTJ
ajfa-5314	172	3	,	,	PUNCT
ajfa-5314	172	4	s.h	s.h	PROPN
ajfa-5314	172	5	,	,	PUNCT
ajfa-5314	172	6	leong	leong	PROPN
ajfa-5314	172	7	,	,	PUNCT
ajfa-5314	172	8	s.m	s.m	PROPN
ajfa-5314	172	9	.	.	PROPN
ajfa-5314	172	10	,	,	PUNCT
ajfa-5314	172	11	&	&	CCONJ
ajfa-5314	172	12	kotler	kotler	PROPN
ajfa-5314	172	13	,	,	PUNCT
ajfa-5314	172	14	p.	p.	NOUN
ajfa-5314	172	15	(	(	PUNCT
ajfa-5314	172	16	2000	2000	NUM
ajfa-5314	172	17	)	)	PUNCT
ajfa-5314	172	18	.	.	PUNCT
ajfa-5314	173	1	the	the	DET
ajfa-5314	173	2	asian	asian	ADJ
ajfa-5314	173	3	apocalypse	apocalypse	NOUN
ajfa-5314	173	4	:	:	PUNCT
ajfa-5314	173	5	crisis	crisis	NOUN
ajfa-5314	173	6	marketing	marketing	NOUN
ajfa-5314	173	7	for	for	ADP
ajfa-5314	173	8	consumer	consumer	NOUN
ajfa-5314	173	9	and	and	CCONJ
ajfa-5314	173	10	businesses	business	NOUN
ajfa-5314	173	11	.	.	PUNCT
ajfa-5314	174	1	long	long	ADJ
ajfa-5314	174	2	range	range	NOUN
ajfa-5314	174	3	planning	planning	NOUN
ajfa-5314	174	4	,	,	PUNCT
ajfa-5314	174	5	33	33	NUM
ajfa-5314	174	6	,	,	PUNCT
ajfa-5314	174	7	97	97	NUM
ajfa-5314	174	8	-	-	SYM
ajfa-5314	174	9	119	119	NUM
ajfa-5314	174	10	.	.	PUNCT
ajfa-5314	175	1	anupam	anupam	PROPN
ajfa-5314	175	2	de	de	PROPN
ajfa-5314	175	3	,	,	PUNCT
ajfa-5314	175	4	bandyopadhyay	bandyopadhyay	NOUN
ajfa-5314	175	5	,	,	PUNCT
ajfa-5314	175	6	g.	g.	PROPN
ajfa-5314	175	7	,	,	PUNCT
ajfa-5314	175	8	&	&	CCONJ
ajfa-5314	175	9	chakraborty	chakraborty	PROPN
ajfa-5314	175	10	,	,	PUNCT
ajfa-5314	175	11	b.n	b.n	PROPN
ajfa-5314	175	12	.	.	PROPN
ajfa-5314	175	13	(	(	PUNCT
ajfa-5314	175	14	2011	2011	NUM
ajfa-5314	175	15	)	)	PUNCT
ajfa-5314	175	16	.	.	PUNCT
ajfa-5314	176	1	application	application	NOUN
ajfa-5314	176	2	of	of	ADP
ajfa-5314	176	3	the	the	DET
ajfa-5314	176	4	factor	factor	NOUN
ajfa-5314	176	5	analysis	analysis	NOUN
ajfa-5314	176	6	on	on	ADP
ajfa-5314	176	7	the	the	DET
ajfa-5314	176	8	financial	financial	ADJ
ajfa-5314	176	9	ratios	ratio	NOUN
ajfa-5314	176	10	and	and	CCONJ
ajfa-5314	176	11	validation	validation	NOUN
ajfa-5314	176	12	of	of	ADP
ajfa-5314	176	13	the	the	DET
ajfa-5314	176	14	results	result	NOUN
ajfa-5314	176	15	by	by	ADP
ajfa-5314	176	16	the	the	DET
ajfa-5314	176	17	cluster	cluster	NOUN
ajfa-5314	176	18	analysis	analysis	NOUN
ajfa-5314	176	19	:	:	PUNCT
ajfa-5314	176	20	an	an	DET
ajfa-5314	176	21	empirical	empirical	ADJ
ajfa-5314	176	22	study	study	NOUN
ajfa-5314	176	23	on	on	ADP
ajfa-5314	176	24	the	the	DET
ajfa-5314	176	25	indian	indian	ADJ
ajfa-5314	176	26	cement	cement	NOUN
ajfa-5314	176	27	industry	industry	NOUN
ajfa-5314	176	28	.	.	PUNCT
ajfa-5314	177	1	journal	journal	PROPN
ajfa-5314	177	2	of	of	ADP
ajfa-5314	177	3	business	business	NOUN
ajfa-5314	177	4	studies	study	NOUN
ajfa-5314	177	5	quarterly	quarterly	ADV
ajfa-5314	177	6	,	,	PUNCT
ajfa-5314	177	7	2(3	2(3	NUM
ajfa-5314	177	8	)	)	PUNCT
ajfa-5314	177	9	,	,	PUNCT
ajfa-5314	177	10	13	13	NUM
ajfa-5314	177	11	-	-	SYM
ajfa-5314	177	12	31	31	NUM
ajfa-5314	177	13	.	.	PUNCT
ajfa-5314	178	1	cirmizi	cirmizi	PROPN
ajfa-5314	178	2	,	,	PUNCT
ajfa-5314	178	3	e	e	PROPN
ajfa-5314	178	4	,	,	PUNCT
ajfa-5314	178	5	klapper	klapper	NOUN
ajfa-5314	178	6	.	.	PUNCT
ajfa-5314	178	7	l.	l.	PROPN
ajfa-5314	178	8	,	,	PUNCT
ajfa-5314	178	9	&	&	CCONJ
ajfa-5314	178	10	uttamchandani	uttamchandani	NOUN
ajfa-5314	178	11	.	.	PUNCT
ajfa-5314	179	1	m.	m.	NOUN
ajfa-5314	179	2	(	(	PUNCT
ajfa-5314	179	3	2012	2012	NUM
ajfa-5314	179	4	)	)	PUNCT
ajfa-5314	179	5	.	.	PUNCT
ajfa-5314	180	1	the	the	DET
ajfa-5314	180	2	challenges	challenge	NOUN
ajfa-5314	180	3	of	of	ADP
ajfa-5314	180	4	bankruptcy	bankruptcy	NOUN
ajfa-5314	180	5	reform	reform	NOUN
ajfa-5314	180	6	.	.	PUNCT
ajfa-5314	181	1	the	the	DET
ajfa-5314	181	2	world	world	PROPN
ajfa-5314	181	3	bank	bank	PROPN
ajfa-5314	181	4	research	research	PROPN
ajfa-5314	181	5	observer	observer	PROPN
ajfa-5314	181	6	,	,	PUNCT
ajfa-5314	181	7	27(2	27(2	PRON
ajfa-5314	181	8	)	)	PUNCT
ajfa-5314	181	9	,	,	PUNCT
ajfa-5314	181	10	185	185	NUM
ajfa-5314	181	11	-	-	SYM
ajfa-5314	181	12	203	203	NUM
ajfa-5314	181	13	.	.	PUNCT
ajfa-5314	182	1	cleary	cleary	PROPN
ajfa-5314	182	2	,	,	PUNCT
ajfa-5314	182	3	s.	s.	PROPN
ajfa-5314	182	4	(	(	PUNCT
ajfa-5314	182	5	1999	1999	NUM
ajfa-5314	182	6	)	)	PUNCT
ajfa-5314	182	7	.	.	PUNCT
ajfa-5314	183	1	the	the	DET
ajfa-5314	183	2	relationship	relationship	NOUN
ajfa-5314	183	3	between	between	ADP
ajfa-5314	183	4	firm	firm	ADJ
ajfa-5314	183	5	investment	investment	NOUN
ajfa-5314	183	6	and	and	CCONJ
ajfa-5314	183	7	financial	financial	ADJ
ajfa-5314	183	8	status	status	NOUN
ajfa-5314	183	9	.	.	PUNCT
ajfa-5314	184	1	journal	journal	PROPN
ajfa-5314	184	2	of	of	ADP
ajfa-5314	184	3	finance	finance	NOUN
ajfa-5314	184	4	,	,	PUNCT
ajfa-5314	184	5	54(2	54(2	NUM
ajfa-5314	184	6	)	)	PUNCT
ajfa-5314	184	7	,	,	PUNCT
ajfa-5314	184	8	673	673	NUM
ajfa-5314	184	9	-	-	SYM
ajfa-5314	184	10	92	92	NUM
ajfa-5314	184	11	.	.	PUNCT
ajfa-5314	185	1	http://dx.doi.org/10.1111/0022-1082.00121	http://dx.doi.org/10.1111/0022-1082.00121	VERB
ajfa-5314	185	2	eidleman	eidleman	NOUN
ajfa-5314	185	3	,	,	PUNCT
ajfa-5314	185	4	g,.j	g,.j	NOUN
ajfa-5314	185	5	.	.	PUNCT
ajfa-5314	186	1	(	(	PUNCT
ajfa-5314	186	2	1995	1995	NUM
ajfa-5314	186	3	)	)	PUNCT
ajfa-5314	186	4	.	.	PUNCT
ajfa-5314	187	1	z	z	NOUN
ajfa-5314	187	2	scores	score	NOUN
ajfa-5314	187	3	–	–	PUNCT
ajfa-5314	187	4	a	a	DET
ajfa-5314	187	5	guide	guide	NOUN
ajfa-5314	187	6	to	to	ADP
ajfa-5314	187	7	failure	failure	NOUN
ajfa-5314	187	8	prediction	prediction	NOUN
ajfa-5314	187	9	.	.	PUNCT
ajfa-5314	188	1	the	the	DET
ajfa-5314	188	2	cpa	cpa	PROPN
ajfa-5314	188	3	journal	journal	NOUN
ajfa-5314	188	4	,	,	PUNCT
ajfa-5314	188	5	65(2	65(2	NOUN
ajfa-5314	188	6	)	)	PUNCT
ajfa-5314	188	7	,	,	PUNCT
ajfa-5314	188	8	52	52	NUM
ajfa-5314	188	9	-	-	SYM
ajfa-5314	188	10	55	55	NUM
ajfa-5314	188	11	.	.	PUNCT
ajfa-5314	189	1	erkens	erken	NOUN
ajfa-5314	189	2	,	,	PUNCT
ajfa-5314	189	3	d.h	d.h	PROPN
ajfa-5314	189	4	,	,	PUNCT
ajfa-5314	189	5	hung	hung	NOUN
ajfa-5314	189	6	,	,	PUNCT
ajfa-5314	189	7	m.	m.	NOUN
ajfa-5314	189	8	,	,	PUNCT
ajfa-5314	189	9	&	&	CCONJ
ajfa-5314	189	10	matos	matos	PROPN
ajfa-5314	189	11	,	,	PUNCT
ajfa-5314	189	12	p.	p.	NOUN
ajfa-5314	189	13	(	(	PUNCT
ajfa-5314	189	14	2009	2009	NUM
ajfa-5314	189	15	)	)	PUNCT
ajfa-5314	189	16	.	.	PUNCT
ajfa-5314	190	1	corporate	corporate	ADJ
ajfa-5314	190	2	governance	governance	NOUN
ajfa-5314	190	3	in	in	ADP
ajfa-5314	190	4	the	the	DET
ajfa-5314	190	5	2007	2007	NUM
ajfa-5314	190	6	-	-	SYM
ajfa-5314	190	7	2008	2008	NUM
ajfa-5314	190	8	financial	financial	ADJ
ajfa-5314	190	9	crisis	crisis	NOUN
ajfa-5314	190	10	:	:	PUNCT
ajfa-5314	190	11	evidence	evidence	NOUN
ajfa-5314	190	12	from	from	ADP
ajfa-5314	190	13	financial	financial	ADJ
ajfa-5314	190	14	institutions	institution	NOUN
ajfa-5314	190	15	around	around	ADP
ajfa-5314	190	16	the	the	DET
ajfa-5314	190	17	world	world	NOUN
ajfa-5314	190	18	.	.	PUNCT
ajfa-5314	191	1	journal	journal	NOUN
ajfa-5314	191	2	of	of	ADP
ajfa-5314	191	3	corporate	corporate	ADJ
ajfa-5314	191	4	finance	finance	NOUN
ajfa-5314	191	5	,	,	PUNCT
ajfa-5314	191	6	18	18	NUM
ajfa-5314	191	7	,	,	PUNCT
ajfa-5314	191	8	389	389	NUM
ajfa-5314	191	9	-	-	SYM
ajfa-5314	191	10	411	411	NUM
ajfa-5314	191	11	.	.	PUNCT
ajfa-5314	192	1	ganesalingam	ganesalingam	ADV
ajfa-5314	192	2	,	,	PUNCT
ajfa-5314	192	3	s.	s.	PROPN
ajfa-5314	192	4	,	,	PUNCT
ajfa-5314	192	5	&	&	CCONJ
ajfa-5314	192	6	kumar	kumar	PROPN
ajfa-5314	192	7	,	,	PUNCT
ajfa-5314	192	8	k.	k.	PROPN
ajfa-5314	192	9	(	(	PUNCT
ajfa-5314	192	10	2001	2001	NUM
ajfa-5314	192	11	)	)	PUNCT
ajfa-5314	192	12	.	.	PUNCT
ajfa-5314	193	1	detection	detection	NOUN
ajfa-5314	193	2	of	of	ADP
ajfa-5314	193	3	financial	financial	ADJ
ajfa-5314	193	4	distress	distress	NOUN
ajfa-5314	193	5	via	via	ADP
ajfa-5314	193	6	multivariate	multivariate	ADJ
ajfa-5314	193	7	statistical	statistical	ADJ
ajfa-5314	193	8	analysis	analysis	NOUN
ajfa-5314	193	9	’	'	PUNCT
ajfa-5314	193	10	,	,	PUNCT
ajfa-5314	193	11	managerial	managerial	ADJ
ajfa-5314	193	12	finance	finance	NOUN
ajfa-5314	193	13	,	,	PUNCT
ajfa-5314	193	14	27(4	27(4	PROPN
ajfa-5314	193	15	)	)	PUNCT
ajfa-5314	193	16	,	,	PUNCT
ajfa-5314	193	17	45	45	NUM
ajfa-5314	193	18	-	-	SYM
ajfa-5314	193	19	55	55	NUM
ajfa-5314	193	20	.	.	PUNCT
ajfa-5314	194	1	hair	hair	NOUN
ajfa-5314	194	2	,	,	PUNCT
ajfa-5314	194	3	j.f	j.f	PROPN
ajfa-5314	194	4	,	,	PUNCT
ajfa-5314	194	5	tatham	tatham	PROPN
ajfa-5314	194	6	,	,	PUNCT
ajfa-5314	194	7	r.l	r.l	PROPN
ajfa-5314	194	8	,	,	PUNCT
ajfa-5314	194	9	anderson	anderson	PROPN
ajfa-5314	194	10	,	,	PUNCT
ajfa-5314	194	11	r.e	r.e	PROPN
ajfa-5314	194	12	.	.	PROPN
ajfa-5314	194	13	,	,	PUNCT
ajfa-5314	194	14	&	&	CCONJ
ajfa-5314	194	15	black	black	PROPN
ajfa-5314	194	16	,	,	PUNCT
ajfa-5314	194	17	w.	w.	PROPN
ajfa-5314	194	18	(	(	PUNCT
ajfa-5314	194	19	2009	2009	NUM
ajfa-5314	194	20	)	)	PUNCT
ajfa-5314	194	21	multivariate	multivariate	NOUN
ajfa-5314	194	22	data	datum	NOUN
ajfa-5314	194	23	analysis	analysis	NOUN
ajfa-5314	194	24	,	,	PUNCT
ajfa-5314	194	25	prentice	prentice	NOUN
ajfa-5314	194	26	hall	hall	PROPN
ajfa-5314	194	27	,	,	PUNCT
ajfa-5314	194	28	new	new	PROPN
ajfa-5314	194	29	jersey	jersey	PROPN
ajfa-5314	194	30	,	,	PUNCT
ajfa-5314	194	31	usa	usa	PROPN
ajfa-5314	194	32	.	.	PROPN
ajfa-5314	194	33	hanson	hanson	PROPN
ajfa-5314	194	34	,	,	PUNCT
ajfa-5314	194	35	g.s	g.s	PROPN
ajfa-5314	194	36	.	.	PROPN
ajfa-5314	194	37	,	,	PUNCT
ajfa-5314	194	38	&	&	CCONJ
ajfa-5314	194	39	wernerfelt	wernerfelt	PROPN
ajfa-5314	194	40	,	,	PUNCT
ajfa-5314	194	41	b.	b.	PROPN
ajfa-5314	194	42	(	(	PUNCT
ajfa-5314	194	43	1989	1989	NUM
ajfa-5314	194	44	)	)	PUNCT
ajfa-5314	194	45	.	.	PUNCT
ajfa-5314	195	1	determinants	determinant	NOUN
ajfa-5314	195	2	of	of	ADP
ajfa-5314	195	3	firm	firm	ADJ
ajfa-5314	195	4	performance	performance	NOUN
ajfa-5314	195	5	:	:	PUNCT
ajfa-5314	195	6	the	the	DET
ajfa-5314	195	7	relative	relative	ADJ
ajfa-5314	195	8	importance	importance	NOUN
ajfa-5314	195	9	of	of	ADP
ajfa-5314	195	10	economic	economic	ADJ
ajfa-5314	195	11	and	and	CCONJ
ajfa-5314	195	12	organizational	organizational	ADJ
ajfa-5314	195	13	factors	factor	NOUN
ajfa-5314	195	14	.	.	PUNCT
ajfa-5314	196	1	strategic	strategic	ADJ
ajfa-5314	196	2	management	management	NOUN
ajfa-5314	196	3	journal	journal	NOUN
ajfa-5314	196	4	,	,	PUNCT
ajfa-5314	196	5	10(5	10(5	NUM
ajfa-5314	196	6	)	)	PUNCT
ajfa-5314	196	7	,	,	PUNCT
ajfa-5314	196	8	399	399	NUM
ajfa-5314	196	9	-	-	SYM
ajfa-5314	196	10	411	411	NUM
ajfa-5314	196	11	.	.	PUNCT
ajfa-5314	197	1	jensen	jensen	PROPN
ajfa-5314	197	2	,	,	PUNCT
ajfa-5314	197	3	m.c	m.c	PROPN
ajfa-5314	197	4	.	.	PROPN
ajfa-5314	197	5	,	,	PUNCT
ajfa-5314	197	6	william	william	PROPN
ajfa-5314	197	7	h.	h.	PROPN
ajfa-5314	197	8	,	,	PUNCT
ajfa-5314	197	9	&	&	CCONJ
ajfa-5314	197	10	meckling	meckling	PROPN
ajfa-5314	197	11	.	.	PUNCT
ajfa-5314	198	1	w.h	w.h	PROPN
ajfa-5314	198	2	.	.	PROPN
ajfa-5314	199	1	(	(	PUNCT
ajfa-5314	199	2	1976	1976	NUM
ajfa-5314	199	3	)	)	PUNCT
ajfa-5314	199	4	.	.	PUNCT
ajfa-5314	200	1	theory	theory	NOUN
ajfa-5314	200	2	of	of	ADP
ajfa-5314	200	3	the	the	DET
ajfa-5314	200	4	firm	firm	NOUN
ajfa-5314	200	5	:	:	PUNCT
ajfa-5314	200	6	managerial	managerial	ADJ
ajfa-5314	200	7	behavior	behavior	NOUN
ajfa-5314	200	8	,	,	PUNCT
ajfa-5314	200	9	agency	agency	NOUN
ajfa-5314	200	10	costs	cost	NOUN
ajfa-5314	200	11	and	and	CCONJ
ajfa-5314	200	12	ownership	ownership	NOUN
ajfa-5314	200	13	structure	structure	NOUN
ajfa-5314	200	14	.	.	PUNCT
ajfa-5314	201	1	journal	journal	NOUN
ajfa-5314	201	2	of	of	ADP
ajfa-5314	201	3	financial	financial	ADJ
ajfa-5314	201	4	economics	economic	NOUN
ajfa-5314	201	5	,	,	PUNCT
ajfa-5314	201	6	3(4	3(4	NUM
ajfa-5314	201	7	)	)	PUNCT
ajfa-5314	201	8	,	,	PUNCT
ajfa-5314	201	9	305	305	NUM
ajfa-5314	201	10	-	-	SYM
ajfa-5314	201	11	360	360	NUM
ajfa-5314	201	12	.	.	PUNCT
ajfa-5314	202	1	jones	jones	PROPN
ajfa-5314	202	2	,	,	PUNCT
ajfa-5314	202	3	s.	s.	PROPN
ajfa-5314	202	4	,	,	PUNCT
ajfa-5314	202	5	&	&	CCONJ
ajfa-5314	202	6	hensher	hensher	PROPN
ajfa-5314	202	7	,	,	PUNCT
ajfa-5314	202	8	d.a	d.a	PROPN
ajfa-5314	202	9	.	.	PROPN
ajfa-5314	202	10	(	(	PUNCT
ajfa-5314	202	11	2004	2004	NUM
ajfa-5314	202	12	)	)	PUNCT
ajfa-5314	202	13	.	.	PUNCT
ajfa-5314	203	1	predicting	predict	VERB
ajfa-5314	203	2	firm	firm	ADJ
ajfa-5314	203	3	financial	financial	ADJ
ajfa-5314	203	4	distress	distress	NOUN
ajfa-5314	203	5	:	:	PUNCT
ajfa-5314	203	6	a	a	DET
ajfa-5314	203	7	mixed	mixed	ADJ
ajfa-5314	203	8	logit	logit	NOUN
ajfa-5314	203	9	model	model	NOUN
ajfa-5314	203	10	.	.	PUNCT
ajfa-5314	204	1	the	the	DET
ajfa-5314	204	2	accounting	accounting	NOUN
ajfa-5314	204	3	review	review	NOUN
ajfa-5314	204	4	,	,	PUNCT
ajfa-5314	204	5	79(4	79(4	NOUN
ajfa-5314	204	6	)	)	PUNCT
ajfa-5314	204	7	,	,	PUNCT
ajfa-5314	204	8	1011	1011	NUM
ajfa-5314	204	9	-	-	SYM
ajfa-5314	204	10	1038	1038	NUM
ajfa-5314	204	11	.	.	PUNCT
ajfa-5314	205	1	http://dx.doi.org/10.2308/accr.2004.79.4.1011	http://dx.doi.org/10.2308/accr.2004.79.4.1011	PROPN
ajfa-5314	205	2	koh	koh	PROPN
ajfa-5314	205	3	,	,	PUNCT
ajfa-5314	205	4	h.c	h.c	PROPN
ajfa-5314	205	5	.	.	PROPN
ajfa-5314	205	6	,	,	PUNCT
ajfa-5314	205	7	&	&	CCONJ
ajfa-5314	205	8	killough	killough	PROPN
ajfa-5314	205	9	,	,	PUNCT
ajfa-5314	205	10	l.n	l.n	PROPN
ajfa-5314	205	11	.	.	PROPN
ajfa-5314	205	12	(	(	PUNCT
ajfa-5314	205	13	1990	1990	NUM
ajfa-5314	205	14	)	)	PUNCT
ajfa-5314	205	15	.	.	PUNCT
ajfa-5314	206	1	the	the	DET
ajfa-5314	206	2	use	use	NOUN
ajfa-5314	206	3	of	of	ADP
ajfa-5314	206	4	discriminant	discriminant	ADJ
ajfa-5314	206	5	analysis	analysis	NOUN
ajfa-5314	206	6	in	in	ADP
ajfa-5314	206	7	the	the	DET
ajfa-5314	206	8	assessment	assessment	NOUN
ajfa-5314	206	9	of	of	ADP
ajfa-5314	206	10	the	the	DET
ajfa-5314	206	11	going	go	VERB
ajfa-5314	206	12	concern	concern	NOUN
ajfa-5314	206	13	status	status	NOUN
ajfa-5314	206	14	of	of	ADP
ajfa-5314	206	15	an	an	DET
ajfa-5314	206	16	audit	audit	NOUN
ajfa-5314	206	17	client	client	NOUN
ajfa-5314	206	18	.	.	PUNCT
ajfa-5314	207	1	journal	journal	PROPN
ajfa-5314	207	2	of	of	ADP
ajfa-5314	207	3	business	business	NOUN
ajfa-5314	207	4	finance	finance	NOUN
ajfa-5314	207	5	and	and	CCONJ
ajfa-5314	207	6	accounting	accounting	NOUN
ajfa-5314	207	7	,	,	PUNCT
ajfa-5314	207	8	17(2	17(2	NUM
ajfa-5314	207	9	)	)	PUNCT
ajfa-5314	207	10	,	,	PUNCT
ajfa-5314	207	11	179	179	NUM
ajfa-5314	207	12	-	-	SYM
ajfa-5314	207	13	192	192	NUM
ajfa-5314	207	14	.	.	PUNCT
ajfa-5314	208	1	http://dx.doi.org/10.1111/j.1468.5957.1990.tb00556.x	http://dx.doi.org/10.1111/j.1468.5957.1990.tb00556.x	PROPN
ajfa-5314	209	1	koksal	koksal	PROPN
ajfa-5314	209	2	,	,	PUNCT
ajfa-5314	209	3	m.h	m.h	PROPN
ajfa-5314	209	4	.	.	PROPN
ajfa-5314	209	5	,	,	PUNCT
ajfa-5314	209	6	&	&	CCONJ
ajfa-5314	209	7	ozgul	ozgul	PROPN
ajfa-5314	209	8	,	,	PUNCT
ajfa-5314	209	9	e.	e.	PROPN
ajfa-5314	209	10	(	(	PUNCT
ajfa-5314	209	11	2007	2007	NUM
ajfa-5314	209	12	)	)	PUNCT
ajfa-5314	209	13	.	.	PUNCT
ajfa-5314	210	1	the	the	DET
ajfa-5314	210	2	relationship	relationship	NOUN
ajfa-5314	210	3	between	between	ADP
ajfa-5314	210	4	marketing	marketing	NOUN
ajfa-5314	210	5	strategies	strategy	NOUN
ajfa-5314	210	6	and	and	CCONJ
ajfa-5314	210	7	asian	asian	ADJ
ajfa-5314	210	8	journal	journal	NOUN
ajfa-5314	210	9	of	of	ADP
ajfa-5314	210	10	finance	finance	PROPN
ajfa-5314	210	11	&	&	CCONJ
ajfa-5314	210	12	accounting	accounting	PROPN
ajfa-5314	210	13	issn	issn	PROPN
ajfa-5314	210	14	1946	1946	NUM
ajfa-5314	210	15	-	-	PUNCT
ajfa-5314	210	16	052x	052x	PROPN
ajfa-5314	210	17	2014	2014	NUM
ajfa-5314	210	18	,	,	PUNCT
ajfa-5314	210	19	vol	vol	NOUN
ajfa-5314	210	20	.	.	PROPN
ajfa-5314	210	21	6	6	NUM
ajfa-5314	210	22	,	,	PUNCT
ajfa-5314	210	23	no	no	INTJ
ajfa-5314	210	24	.	.	NOUN
ajfa-5314	210	25	1	1	NUM
ajfa-5314	210	26	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5314	210	27	248	248	NUM
ajfa-5314	210	28	performance	performance	NOUN
ajfa-5314	210	29	in	in	ADP
ajfa-5314	210	30	an	an	DET
ajfa-5314	210	31	economic	economic	ADJ
ajfa-5314	210	32	crisis	crisis	NOUN
ajfa-5314	210	33	.	.	PUNCT
ajfa-5314	211	1	marketing	marketing	NOUN
ajfa-5314	211	2	intelligence	intelligence	NOUN
ajfa-5314	211	3	and	and	CCONJ
ajfa-5314	211	4	planning	planning	NOUN
ajfa-5314	211	5	,	,	PUNCT
ajfa-5314	211	6	25(4	25(4	NOUN
ajfa-5314	211	7	)	)	PUNCT
ajfa-5314	211	8	,	,	PUNCT
ajfa-5314	211	9	326	326	NUM
ajfa-5314	211	10	-	-	SYM
ajfa-5314	211	11	342	342	NUM
ajfa-5314	211	12	.	.	PUNCT
ajfa-5314	211	13	lev	lev	PROPN
ajfa-5314	211	14	,	,	PUNCT
ajfa-5314	211	15	b.	b.	PROPN
ajfa-5314	211	16	,	,	PUNCT
ajfa-5314	211	17	&	&	CCONJ
ajfa-5314	211	18	sunder	sunder	PROPN
ajfa-5314	211	19	s.	s.	PROPN
ajfa-5314	211	20	(	(	PUNCT
ajfa-5314	211	21	1979	1979	NUM
ajfa-5314	211	22	)	)	PUNCT
ajfa-5314	211	23	.	.	PUNCT
ajfa-5314	212	1	methodological	methodological	ADJ
ajfa-5314	212	2	issues	issue	NOUN
ajfa-5314	212	3	in	in	ADP
ajfa-5314	212	4	the	the	DET
ajfa-5314	212	5	use	use	NOUN
ajfa-5314	212	6	of	of	ADP
ajfa-5314	212	7	financial	financial	ADJ
ajfa-5314	212	8	ratios	ratio	NOUN
ajfa-5314	212	9	.	.	PUNCT
ajfa-5314	213	1	journal	journal	NOUN
ajfa-5314	213	2	of	of	ADP
ajfa-5314	213	3	accounting	accounting	NOUN
ajfa-5314	213	4	and	and	CCONJ
ajfa-5314	213	5	economics	economic	NOUN
ajfa-5314	213	6	.	.	PUNCT
ajfa-5314	214	1	187	187	NUM
ajfa-5314	214	2	-	-	SYM
ajfa-5314	214	3	210	210	NUM
ajfa-5314	214	4	.	.	PUNCT
ajfa-5314	215	1	http://dx.doi.org/10.1016/0165-4101(79)90007-7	http://dx.doi.org/10.1016/0165-4101(79)90007-7	VERB
ajfa-5314	215	2	ocal	ocal	ADJ
ajfa-5314	215	3	,	,	PUNCT
ajfa-5314	215	4	m.e	m.e	PROPN
ajfa-5314	215	5	.	.	PROPN
ajfa-5314	215	6	,	,	PUNCT
ajfa-5314	215	7	oral	oral	ADJ
ajfa-5314	215	8	,	,	PUNCT
ajfa-5314	215	9	l.	l.	PROPN
ajfa-5314	215	10	,	,	PUNCT
ajfa-5314	215	11	erdis	erdis	PROPN
ajfa-5314	215	12	,	,	PUNCT
ajfa-5314	215	13	e.	e.	PROPN
ajfa-5314	215	14	,	,	PUNCT
ajfa-5314	215	15	&	&	CCONJ
ajfa-5314	215	16	vera	vera	PROPN
ajfa-5314	215	17	,	,	PUNCT
ajfa-5314	215	18	g.	g.	PROPN
ajfa-5314	215	19	(	(	PUNCT
ajfa-5314	215	20	2007	2007	NUM
ajfa-5314	215	21	)	)	PUNCT
ajfa-5314	215	22	.	.	PUNCT
ajfa-5314	216	1	industry	industry	NOUN
ajfa-5314	216	2	financial	financial	ADJ
ajfa-5314	216	3	ratios	ratio	NOUN
ajfa-5314	216	4	—	—	PUNCT
ajfa-5314	216	5	application	application	NOUN
ajfa-5314	216	6	of	of	ADP
ajfa-5314	216	7	factor	factor	NOUN
ajfa-5314	216	8	analysis	analysis	NOUN
ajfa-5314	216	9	in	in	ADP
ajfa-5314	216	10	turkish	turkish	ADJ
ajfa-5314	216	11	construction	construction	NOUN
ajfa-5314	216	12	industry	industry	NOUN
ajfa-5314	216	13	.	.	PUNCT
ajfa-5314	217	1	building	building	NOUN
ajfa-5314	217	2	and	and	CCONJ
ajfa-5314	217	3	environment	environment	NOUN
ajfa-5314	217	4	,	,	PUNCT
ajfa-5314	217	5	42	42	NUM
ajfa-5314	217	6	,	,	PUNCT
ajfa-5314	217	7	385–392	385–392	NUM
ajfa-5314	217	8	.	.	PUNCT
ajfa-5314	218	1	http:/dx.doi.org/10.1016	http:/dx.doi.org/10.1016	PROPN
ajfa-5314	218	2	/	/	SYM
ajfa-5314	218	3	j.buidenv.2005.07.023	j.buidenv.2005.07.023	PROPN
ajfa-5314	218	4	ozkan	ozkan	NOUN
ajfa-5314	218	5	,	,	PUNCT
ajfa-5314	218	6	a.	a.	NOUN
ajfa-5314	218	7	(	(	PUNCT
ajfa-5314	218	8	2001	2001	NUM
ajfa-5314	218	9	)	)	PUNCT
ajfa-5314	218	10	.	.	PUNCT
ajfa-5314	219	1	determinants	determinant	NOUN
ajfa-5314	219	2	of	of	ADP
ajfa-5314	219	3	capital	capital	NOUN
ajfa-5314	219	4	structure	structure	NOUN
ajfa-5314	219	5	and	and	CCONJ
ajfa-5314	219	6	adjustment	adjustment	NOUN
ajfa-5314	219	7	to	to	ADP
ajfa-5314	219	8	long	long	ADJ
ajfa-5314	219	9	run	run	NOUN
ajfa-5314	219	10	target	target	NOUN
ajfa-5314	219	11	evidence	evidence	NOUN
ajfa-5314	219	12	from	from	ADP
ajfa-5314	219	13	uk	uk	PROPN
ajfa-5314	219	14	company	company	NOUN
ajfa-5314	219	15	panel	panel	NOUN
ajfa-5314	219	16	data	data	PROPN
ajfa-5314	219	17	’	'	PUNCT
ajfa-5314	219	18	,	,	PUNCT
ajfa-5314	219	19	journal	journal	NOUN
ajfa-5314	219	20	of	of	ADP
ajfa-5314	219	21	business	business	NOUN
ajfa-5314	219	22	finance	finance	PROPN
ajfa-5314	219	23	&	&	CCONJ
ajfa-5314	219	24	accounting	accounting	PROPN
ajfa-5314	219	25	,	,	PUNCT
ajfa-5314	219	26	28(1&2	28(1&2	NUM
ajfa-5314	219	27	)	)	PUNCT
ajfa-5314	219	28	,	,	PUNCT
ajfa-5314	219	29	175	175	NUM
ajfa-5314	219	30	-	-	SYM
ajfa-5314	219	31	98	98	NUM
ajfa-5314	219	32	.	.	PUNCT
ajfa-5314	220	1	http://dx.doi.org/10.1111/1468-5957.00370	http://dx.doi.org/10.1111/1468-5957.00370	PROPN
ajfa-5314	220	2	pinches	pinche	NOUN
ajfa-5314	220	3	,	,	PUNCT
ajfa-5314	220	4	g.e	g.e	PROPN
ajfa-5314	220	5	.	.	PROPN
ajfa-5314	220	6	,	,	PUNCT
ajfa-5314	220	7	mingo	mingo	PROPN
ajfa-5314	220	8	,	,	PUNCT
ajfa-5314	220	9	k.a	k.a	PROPN
ajfa-5314	220	10	.	.	PROPN
ajfa-5314	220	11	,	,	PUNCT
ajfa-5314	220	12	&	&	CCONJ
ajfa-5314	220	13	caruthers	caruthers	PROPN
ajfa-5314	220	14	,	,	PUNCT
ajfa-5314	220	15	j.k	j.k	PROPN
ajfa-5314	220	16	.	.	PROPN
ajfa-5314	220	17	(	(	PUNCT
ajfa-5314	220	18	1973	1973	NUM
ajfa-5314	220	19	)	)	PUNCT
ajfa-5314	220	20	.	.	PUNCT
ajfa-5314	221	1	the	the	DET
ajfa-5314	221	2	stability	stability	NOUN
ajfa-5314	221	3	of	of	ADP
ajfa-5314	221	4	financial	financial	ADJ
ajfa-5314	221	5	patterns	pattern	NOUN
ajfa-5314	221	6	in	in	ADP
ajfa-5314	221	7	industrial	industrial	ADJ
ajfa-5314	221	8	organizations	organization	NOUN
ajfa-5314	221	9	’	'	PUNCT
ajfa-5314	221	10	,	,	PUNCT
ajfa-5314	221	11	journal	journal	NOUN
ajfa-5314	221	12	of	of	ADP
ajfa-5314	221	13	finance	finance	NOUN
ajfa-5314	221	14	,	,	PUNCT
ajfa-5314	221	15	28(3	28(3	NUM
ajfa-5314	221	16	)	)	PUNCT
ajfa-5314	221	17	,	,	PUNCT
ajfa-5314	221	18	389	389	NUM
ajfa-5314	221	19	-	-	SYM
ajfa-5314	221	20	396	396	NUM
ajfa-5314	221	21	.	.	PUNCT
ajfa-5314	222	1	http://dx.doi.org/10.1111/j.1540-6261.1973.tb01782.x	http://dx.doi.org/10.1111/j.1540-6261.1973.tb01782.x	PROPN
ajfa-5314	222	2	shama	shama	NOUN
ajfa-5314	222	3	,	,	PUNCT
ajfa-5314	222	4	a.	a.	NOUN
ajfa-5314	222	5	(	(	PUNCT
ajfa-5314	222	6	1978	1978	NUM
ajfa-5314	222	7	)	)	PUNCT
ajfa-5314	222	8	.	.	PUNCT
ajfa-5314	223	1	management	management	NOUN
ajfa-5314	223	2	and	and	CCONJ
ajfa-5314	223	3	consumers	consumer	NOUN
ajfa-5314	223	4	in	in	ADP
ajfa-5314	223	5	an	an	DET
ajfa-5314	223	6	era	era	NOUN
ajfa-5314	223	7	of	of	ADP
ajfa-5314	223	8	stagflation	stagflation	NOUN
ajfa-5314	223	9	.	.	PUNCT
ajfa-5314	224	1	journal	journal	NOUN
ajfa-5314	224	2	of	of	ADP
ajfa-5314	224	3	marketing	marketing	NOUN
ajfa-5314	224	4	,	,	PUNCT
ajfa-5314	224	5	july	july	PROPN
ajfa-5314	224	6	,	,	PUNCT
ajfa-5314	224	7	43	43	NUM
ajfa-5314	224	8	-	-	SYM
ajfa-5314	224	9	52	52	NUM
ajfa-5314	224	10	.	.	PUNCT
ajfa-5314	225	1	sharma	sharma	PROPN
ajfa-5314	225	2	,	,	PUNCT
ajfa-5314	225	3	m.	m.	NOUN
ajfa-5314	225	4	,	,	PUNCT
ajfa-5314	225	5	&	&	CCONJ
ajfa-5314	225	6	wadhawan	wadhawan	NOUN
ajfa-5314	225	7	,	,	PUNCT
ajfa-5314	225	8	p.	p.	NOUN
ajfa-5314	225	9	(	(	PUNCT
ajfa-5314	225	10	2009	2009	NUM
ajfa-5314	225	11	)	)	PUNCT
ajfa-5314	225	12	.	.	PUNCT
ajfa-5314	226	1	a	a	DET
ajfa-5314	226	2	cluster	cluster	NOUN
ajfa-5314	226	3	analysis	analysis	NOUN
ajfa-5314	226	4	study	study	NOUN
ajfa-5314	226	5	of	of	ADP
ajfa-5314	226	6	small	small	ADJ
ajfa-5314	226	7	and	and	CCONJ
ajfa-5314	226	8	medium	medium	ADJ
ajfa-5314	226	9	enterprise	enterprise	NOUN
ajfa-5314	226	10	.	.	PUNCT
ajfa-5314	227	1	the	the	DET
ajfa-5314	227	2	iup	iup	PROPN
ajfa-5314	227	3	journal	journal	PROPN
ajfa-5314	227	4	of	of	ADP
ajfa-5314	227	5	management	management	NOUN
ajfa-5314	227	6	research	research	NOUN
ajfa-5314	227	7	,	,	PUNCT
ajfa-5314	227	8	8(10	8(10	NUM
ajfa-5314	227	9	)	)	PUNCT
ajfa-5314	227	10	,	,	PUNCT
ajfa-5314	227	11	7	7	NUM
ajfa-5314	227	12	-	-	SYM
ajfa-5314	227	13	23	23	NUM
ajfa-5314	227	14	.	.	PUNCT
ajfa-5314	228	1	taffler	taffler	PROPN
ajfa-5314	228	2	,	,	PUNCT
ajfa-5314	228	3	r.j	r.j	PROPN
ajfa-5314	228	4	.	.	PROPN
ajfa-5314	228	5	(	(	PUNCT
ajfa-5314	228	6	1983	1983	NUM
ajfa-5314	228	7	)	)	PUNCT
ajfa-5314	228	8	.	.	PUNCT
ajfa-5314	229	1	the	the	DET
ajfa-5314	229	2	assessment	assessment	NOUN
ajfa-5314	229	3	of	of	ADP
ajfa-5314	229	4	company	company	NOUN
ajfa-5314	229	5	solvency	solvency	NOUN
ajfa-5314	229	6	and	and	CCONJ
ajfa-5314	229	7	performance	performance	NOUN
ajfa-5314	229	8	using	use	VERB
ajfa-5314	229	9	a	a	DET
ajfa-5314	229	10	statistical	statistical	ADJ
ajfa-5314	229	11	model	model	NOUN
ajfa-5314	229	12	.	.	PUNCT
ajfa-5314	230	1	accounting	accounting	NOUN
ajfa-5314	230	2	and	and	CCONJ
ajfa-5314	230	3	business	business	NOUN
ajfa-5314	230	4	research	research	NOUN
ajfa-5314	230	5	,	,	PUNCT
ajfa-5314	230	6	13(52	13(52	NUM
ajfa-5314	230	7	)	)	PUNCT
ajfa-5314	230	8	,	,	PUNCT
ajfa-5314	230	9	295	295	NUM
ajfa-5314	230	10	-	-	SYM
ajfa-5314	230	11	307	307	NUM
ajfa-5314	230	12	.	.	PUNCT
ajfa-5314	231	1	tan	tan	PROPN
ajfa-5314	231	2	,	,	PUNCT
ajfa-5314	231	3	p.m.s	p.m.s	NOUN
ajfa-5314	231	4	.	.	PROPN
ajfa-5314	231	5	,	,	PUNCT
ajfa-5314	231	6	koh	koh	PROPN
ajfa-5314	231	7	,	,	PUNCT
ajfa-5314	231	8	h.c	h.c	PROPN
ajfa-5314	231	9	.	.	PROPN
ajfa-5314	231	10	,	,	PUNCT
ajfa-5314	231	11	&	&	CCONJ
ajfa-5314	231	12	low	low	ADJ
ajfa-5314	231	13	,	,	PUNCT
ajfa-5314	231	14	l.c	l.c	PROPN
ajfa-5314	231	15	.	.	PROPN
ajfa-5314	231	16	(	(	PUNCT
ajfa-5314	231	17	1997	1997	NUM
ajfa-5314	231	18	)	)	PUNCT
ajfa-5314	231	19	.	.	PUNCT
ajfa-5314	232	1	stability	stability	NOUN
ajfa-5314	232	2	of	of	ADP
ajfa-5314	232	3	financial	financial	ADJ
ajfa-5314	232	4	ratios	ratio	NOUN
ajfa-5314	232	5	:	:	PUNCT
ajfa-5314	232	6	a	a	DET
ajfa-5314	232	7	study	study	NOUN
ajfa-5314	232	8	of	of	ADP
ajfa-5314	232	9	listed	list	VERB
ajfa-5314	232	10	companies	company	NOUN
ajfa-5314	232	11	in	in	ADP
ajfa-5314	232	12	singapore	singapore	PROPN
ajfa-5314	232	13	.	.	PUNCT
ajfa-5314	233	1	asian	asian	ADJ
ajfa-5314	233	2	review	review	NOUN
ajfa-5314	233	3	of	of	ADP
ajfa-5314	233	4	accounting	accounting	NOUN
ajfa-5314	233	5	,	,	PUNCT
ajfa-5314	233	6	5(1	5(1	NUM
ajfa-5314	233	7	)	)	PUNCT
ajfa-5314	233	8	,	,	PUNCT
ajfa-5314	233	9	9	9	NUM
ajfa-5314	233	10	-	-	SYM
ajfa-5314	233	11	39	39	NUM
ajfa-5314	233	12	.	.	PUNCT
ajfa-5314	234	1	http://dx.doi.org//10.1080/00014788.1995.9729943	http://dx.doi.org//10.1080/00014788.1995.9729943	PROPN