id	sid	tid	token	lemma	pos
ajfa-5431	1	1	microsoft	microsoft	PROPN
ajfa-5431	1	2	word	word	PROPN
ajfa-5431	1	3	5431-19585-2-sm-writer2-new.docx	5431-19585-2-sm-writer2-new.docx	NUM
ajfa-5431	1	4	asian	asian	ADJ
ajfa-5431	1	5	journal	journal	NOUN
ajfa-5431	1	6	of	of	ADP
ajfa-5431	1	7	finance	finance	PROPN
ajfa-5431	1	8	&	&	CCONJ
ajfa-5431	1	9	accounting	accounting	PROPN
ajfa-5431	1	10	issn	issn	PROPN
ajfa-5431	1	11	1946	1946	NUM
ajfa-5431	1	12	-	-	PUNCT
ajfa-5431	1	13	052x	052x	PROPN
ajfa-5431	1	14	2014	2014	NUM
ajfa-5431	1	15	,	,	PUNCT
ajfa-5431	1	16	vol	vol	NOUN
ajfa-5431	1	17	.	.	PROPN
ajfa-5431	1	18	6	6	NUM
ajfa-5431	1	19	,	,	PUNCT
ajfa-5431	1	20	no	no	INTJ
ajfa-5431	1	21	.	.	NOUN
ajfa-5431	1	22	1	1	NUM
ajfa-5431	1	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5431	1	24	306	306	NUM
ajfa-5431	1	25	the	the	DET
ajfa-5431	1	26	impacts	impact	NOUN
ajfa-5431	1	27	of	of	ADP
ajfa-5431	1	28	corporate	corporate	ADJ
ajfa-5431	1	29	governance	governance	NOUN
ajfa-5431	1	30	,	,	PUNCT
ajfa-5431	1	31	audit	audit	NOUN
ajfa-5431	1	32	system	system	NOUN
ajfa-5431	1	33	to	to	ADP
ajfa-5431	1	34	business	business	NOUN
ajfa-5431	1	35	failure	failure	NOUN
ajfa-5431	1	36	of	of	ADP
ajfa-5431	1	37	going	go	VERB
ajfa-5431	1	38	-	-	PUNCT
ajfa-5431	1	39	concern	concern	NOUN
ajfa-5431	1	40	firms	firm	NOUN
ajfa-5431	1	41	yunsheng	yunsheng	PROPN
ajfa-5431	1	42	hsu	hsu	PROPN
ajfa-5431	1	43	national	national	PROPN
ajfa-5431	1	44	chung	chung	PROPN
ajfa-5431	1	45	hsing	hsing	PROPN
ajfa-5431	1	46	university	university	PROPN
ajfa-5431	1	47	taiwan	taiwan	PROPN
ajfa-5431	1	48	,	,	PUNCT
ajfa-5431	1	49	province	province	NOUN
ajfa-5431	1	50	of	of	ADP
ajfa-5431	1	51	china	china	PROPN
ajfa-5431	1	52	chi	chi	PROPN
ajfa-5431	1	53	-	-	PUNCT
ajfa-5431	1	54	chen	chen	PROPN
ajfa-5431	1	55	wang	wang	PROPN
ajfa-5431	1	56	national	national	PROPN
ajfa-5431	1	57	defense	defense	PROPN
ajfa-5431	1	58	university	university	PROPN
ajfa-5431	1	59	taiwan	taiwan	PROPN
ajfa-5431	1	60	,	,	PUNCT
ajfa-5431	1	61	province	province	NOUN
ajfa-5431	1	62	of	of	ADP
ajfa-5431	1	63	china	china	PROPN
ajfa-5431	1	64	tzeu	tzeu	PROPN
ajfa-5431	1	65	-	-	PUNCT
ajfa-5431	1	66	chen	chen	PROPN
ajfa-5431	1	67	han	han	PROPN
ajfa-5431	1	68	national	national	PROPN
ajfa-5431	1	69	penghu	penghu	PROPN
ajfa-5431	1	70	university	university	PROPN
ajfa-5431	1	71	taiwan	taiwan	PROPN
ajfa-5431	1	72	,	,	PUNCT
ajfa-5431	1	73	province	province	NOUN
ajfa-5431	1	74	of	of	ADP
ajfa-5431	1	75	china	china	PROPN
ajfa-5431	1	76	received	receive	VERB
ajfa-5431	1	77	:	:	PUNCT
ajfa-5431	1	78	april	april	PROPN
ajfa-5431	1	79	7	7	NUM
ajfa-5431	1	80	,	,	PUNCT
ajfa-5431	1	81	2014	2014	NUM
ajfa-5431	1	82	accepted	accept	VERB
ajfa-5431	1	83	:	:	PUNCT
ajfa-5431	1	84	may	may	AUX
ajfa-5431	1	85	22	22	NUM
ajfa-5431	1	86	,	,	PUNCT
ajfa-5431	1	87	2014	2014	NUM
ajfa-5431	1	88	published	publish	VERB
ajfa-5431	1	89	:	:	PUNCT
ajfa-5431	1	90	june	june	PROPN
ajfa-5431	1	91	1	1	NUM
ajfa-5431	1	92	,	,	PUNCT
ajfa-5431	1	93	2014	2014	NUM
ajfa-5431	1	94	doi:10.5296	doi:10.5296	NOUN
ajfa-5431	1	95	/	/	SYM
ajfa-5431	1	96	ajfa.v6i1.5431	ajfa.v6i1.5431	PUNCT
ajfa-5431	1	97	url	url	NOUN
ajfa-5431	1	98	:	:	PUNCT
ajfa-5431	1	99	http://dx.doi.org/10.5296/ajfa.v6i1.5431	http://dx.doi.org/10.5296/ajfa.v6i1.5431	X
ajfa-5431	1	100	abstract	abstract	VERB
ajfa-5431	1	101	this	this	DET
ajfa-5431	1	102	study	study	NOUN
ajfa-5431	1	103	examines	examine	VERB
ajfa-5431	1	104	the	the	DET
ajfa-5431	1	105	companies	company	NOUN
ajfa-5431	1	106	in	in	ADP
ajfa-5431	1	107	which	which	PRON
ajfa-5431	1	108	auditors	auditor	NOUN
ajfa-5431	1	109	have	have	AUX
ajfa-5431	1	110	first	first	ADV
ajfa-5431	1	111	issued	issue	VERB
ajfa-5431	1	112	going	go	VERB
ajfa-5431	1	113	concern	concern	NOUN
ajfa-5431	1	114	suspect	suspect	NOUN
ajfa-5431	1	115	,	,	PUNCT
ajfa-5431	1	116	focusing	focus	VERB
ajfa-5431	1	117	specifically	specifically	ADV
ajfa-5431	1	118	on	on	ADP
ajfa-5431	1	119	impact	impact	NOUN
ajfa-5431	1	120	factors	factor	NOUN
ajfa-5431	1	121	influential	influential	ADJ
ajfa-5431	1	122	to	to	ADP
ajfa-5431	1	123	the	the	DET
ajfa-5431	1	124	company	company	NOUN
ajfa-5431	1	125	’s	’s	PART
ajfa-5431	1	126	survival	survival	NOUN
ajfa-5431	1	127	period	period	NOUN
ajfa-5431	1	128	as	as	ADV
ajfa-5431	1	129	well	well	ADV
ajfa-5431	1	130	as	as	ADP
ajfa-5431	1	131	analyzing	analyze	VERB
ajfa-5431	1	132	when	when	SCONJ
ajfa-5431	1	133	these	these	DET
ajfa-5431	1	134	companies	company	NOUN
ajfa-5431	1	135	will	will	AUX
ajfa-5431	1	136	most	most	ADV
ajfa-5431	1	137	likely	likely	ADV
ajfa-5431	1	138	be	be	AUX
ajfa-5431	1	139	delisted	delist	VERB
ajfa-5431	1	140	.	.	PUNCT
ajfa-5431	2	1	empirical	empirical	ADJ
ajfa-5431	2	2	results	result	NOUN
ajfa-5431	2	3	imply	imply	VERB
ajfa-5431	2	4	that	that	SCONJ
ajfa-5431	2	5	the	the	DET
ajfa-5431	2	6	first	first	ADJ
ajfa-5431	2	7	five	five	NUM
ajfa-5431	2	8	years	year	NOUN
ajfa-5431	2	9	is	be	AUX
ajfa-5431	2	10	the	the	DET
ajfa-5431	2	11	critical	critical	ADJ
ajfa-5431	2	12	period	period	NOUN
ajfa-5431	2	13	for	for	ADP
ajfa-5431	2	14	delisting	delist	VERB
ajfa-5431	2	15	after	after	SCONJ
ajfa-5431	2	16	the	the	DET
ajfa-5431	2	17	going	go	VERB
ajfa-5431	2	18	concern	concern	NOUN
ajfa-5431	2	19	suspect	suspect	VERB
ajfa-5431	2	20	.	.	PUNCT
ajfa-5431	3	1	the	the	DET
ajfa-5431	3	2	paper	paper	NOUN
ajfa-5431	3	3	also	also	ADV
ajfa-5431	3	4	indicates	indicate	VERB
ajfa-5431	3	5	that	that	SCONJ
ajfa-5431	3	6	the	the	DET
ajfa-5431	3	7	mechanism	mechanism	NOUN
ajfa-5431	3	8	of	of	ADP
ajfa-5431	3	9	corporate	corporate	ADJ
ajfa-5431	3	10	governance	governance	NOUN
ajfa-5431	3	11	and	and	CCONJ
ajfa-5431	3	12	audit	audit	NOUN
ajfa-5431	3	13	system	system	NOUN
ajfa-5431	3	14	are	be	AUX
ajfa-5431	3	15	also	also	ADV
ajfa-5431	3	16	decisive	decisive	ADJ
ajfa-5431	3	17	factors	factor	NOUN
ajfa-5431	3	18	to	to	ADP
ajfa-5431	3	19	companies	company	NOUN
ajfa-5431	3	20	with	with	ADP
ajfa-5431	3	21	going	go	VERB
ajfa-5431	3	22	concern	concern	NOUN
ajfa-5431	3	23	suspicion	suspicion	NOUN
ajfa-5431	3	24	whether	whether	SCONJ
ajfa-5431	3	25	they	they	PRON
ajfa-5431	3	26	will	will	AUX
ajfa-5431	3	27	be	be	AUX
ajfa-5431	3	28	able	able	ADJ
ajfa-5431	3	29	to	to	PART
ajfa-5431	3	30	continue	continue	VERB
ajfa-5431	3	31	.	.	PUNCT
ajfa-5431	4	1	keywords	keyword	NOUN
ajfa-5431	4	2	:	:	PUNCT
ajfa-5431	4	3	corporate	corporate	ADJ
ajfa-5431	4	4	governance	governance	NOUN
ajfa-5431	4	5	,	,	PUNCT
ajfa-5431	4	6	audit	audit	NOUN
ajfa-5431	4	7	system	system	NOUN
ajfa-5431	4	8	,	,	PUNCT
ajfa-5431	4	9	going	go	VERB
ajfa-5431	4	10	concern	concern	NOUN
ajfa-5431	4	11	suspect	suspect	NOUN
ajfa-5431	4	12	,	,	PUNCT
ajfa-5431	4	13	business	business	NOUN
ajfa-5431	4	14	failure	failure	NOUN
ajfa-5431	4	15	,	,	PUNCT
ajfa-5431	4	16	survival	survival	NOUN
ajfa-5431	4	17	analysis	analysis	NOUN
ajfa-5431	4	18	asian	asian	ADJ
ajfa-5431	4	19	journal	journal	NOUN
ajfa-5431	4	20	of	of	ADP
ajfa-5431	4	21	finance	finance	PROPN
ajfa-5431	4	22	&	&	CCONJ
ajfa-5431	4	23	accounting	accounting	PROPN
ajfa-5431	4	24	issn	issn	PROPN
ajfa-5431	4	25	1946	1946	NUM
ajfa-5431	4	26	-	-	PUNCT
ajfa-5431	4	27	052x	052x	PROPN
ajfa-5431	4	28	2014	2014	NUM
ajfa-5431	4	29	,	,	PUNCT
ajfa-5431	4	30	vol	vol	NOUN
ajfa-5431	4	31	.	.	PROPN
ajfa-5431	4	32	6	6	NUM
ajfa-5431	4	33	,	,	PUNCT
ajfa-5431	4	34	no	no	INTJ
ajfa-5431	4	35	.	.	NOUN
ajfa-5431	4	36	1	1	NUM
ajfa-5431	4	37	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5431	4	38	307	307	NUM
ajfa-5431	4	39	1	1	NUM
ajfa-5431	4	40	.	.	PUNCT
ajfa-5431	5	1	introduction	introduction	NOUN
ajfa-5431	5	2	the	the	DET
ajfa-5431	5	3	purpose	purpose	NOUN
ajfa-5431	5	4	of	of	ADP
ajfa-5431	5	5	the	the	DET
ajfa-5431	5	6	paper	paper	NOUN
ajfa-5431	5	7	is	be	AUX
ajfa-5431	5	8	to	to	PART
ajfa-5431	5	9	investigate	investigate	VERB
ajfa-5431	5	10	the	the	DET
ajfa-5431	5	11	relation	relation	NOUN
ajfa-5431	5	12	between	between	ADP
ajfa-5431	5	13	auditor	auditor	NOUN
ajfa-5431	5	14	report	report	NOUN
ajfa-5431	5	15	with	with	ADP
ajfa-5431	5	16	going	go	VERB
ajfa-5431	5	17	concern	concern	NOUN
ajfa-5431	5	18	suspect	suspect	NOUN
ajfa-5431	5	19	and	and	CCONJ
ajfa-5431	5	20	business	business	NOUN
ajfa-5431	5	21	failure1	failure1	ADJ
ajfa-5431	5	22	,	,	PUNCT
ajfa-5431	5	23	and	and	CCONJ
ajfa-5431	5	24	the	the	DET
ajfa-5431	5	25	impacts	impact	NOUN
ajfa-5431	5	26	of	of	ADP
ajfa-5431	5	27	corporate	corporate	ADJ
ajfa-5431	5	28	governance	governance	NOUN
ajfa-5431	5	29	and	and	CCONJ
ajfa-5431	5	30	audit	audit	NOUN
ajfa-5431	5	31	system	system	NOUN
ajfa-5431	5	32	.	.	PUNCT
ajfa-5431	6	1	when	when	SCONJ
ajfa-5431	6	2	the	the	DET
ajfa-5431	6	3	company	company	NOUN
ajfa-5431	6	4	has	have	AUX
ajfa-5431	6	5	been	be	AUX
ajfa-5431	6	6	expressed	express	VERB
ajfa-5431	6	7	auditor	auditor	NOUN
ajfa-5431	6	8	reports	report	NOUN
ajfa-5431	6	9	with	with	ADP
ajfa-5431	6	10	going	go	VERB
ajfa-5431	6	11	concern	concern	NOUN
ajfa-5431	6	12	suspect	suspect	NOUN
ajfa-5431	6	13	,	,	PUNCT
ajfa-5431	6	14	it	it	PRON
ajfa-5431	6	15	means	mean	VERB
ajfa-5431	6	16	that	that	SCONJ
ajfa-5431	6	17	the	the	DET
ajfa-5431	6	18	auditors	auditor	NOUN
ajfa-5431	6	19	raise	raise	VERB
ajfa-5431	6	20	doubts	doubt	NOUN
ajfa-5431	6	21	of	of	ADP
ajfa-5431	6	22	the	the	DET
ajfa-5431	6	23	company	company	NOUN
ajfa-5431	6	24	’s	’s	PART
ajfa-5431	6	25	ongoing	ongoing	ADJ
ajfa-5431	6	26	ability	ability	NOUN
ajfa-5431	6	27	(	(	PUNCT
ajfa-5431	6	28	casterlla	casterlla	NOUN
ajfa-5431	6	29	,	,	PUNCT
ajfa-5431	6	30	lewis	lewis	PROPN
ajfa-5431	6	31	and	and	CCONJ
ajfa-5431	6	32	walker	walker	PROPN
ajfa-5431	6	33	,	,	PUNCT
ajfa-5431	6	34	2001	2001	NUM
ajfa-5431	6	35	)	)	PUNCT
ajfa-5431	6	36	.	.	PUNCT
ajfa-5431	7	1	the	the	DET
ajfa-5431	7	2	company	company	NOUN
ajfa-5431	7	3	is	be	AUX
ajfa-5431	7	4	now	now	ADV
ajfa-5431	7	5	concerned	concern	VERB
ajfa-5431	7	6	with	with	ADP
ajfa-5431	7	7	possible	possible	ADJ
ajfa-5431	7	8	business	business	NOUN
ajfa-5431	7	9	failure	failure	NOUN
ajfa-5431	7	10	.	.	PUNCT
ajfa-5431	8	1	the	the	DET
ajfa-5431	8	2	investors	investor	NOUN
ajfa-5431	8	3	are	be	AUX
ajfa-5431	8	4	anxious	anxious	ADJ
ajfa-5431	8	5	to	to	PART
ajfa-5431	8	6	find	find	VERB
ajfa-5431	8	7	indicators	indicator	NOUN
ajfa-5431	8	8	to	to	PART
ajfa-5431	8	9	evaluate	evaluate	VERB
ajfa-5431	8	10	whether	whether	SCONJ
ajfa-5431	8	11	the	the	DET
ajfa-5431	8	12	company	company	NOUN
ajfa-5431	8	13	can	can	AUX
ajfa-5431	8	14	and	and	CCONJ
ajfa-5431	8	15	will	will	AUX
ajfa-5431	8	16	survive	survive	VERB
ajfa-5431	8	17	.	.	PUNCT
ajfa-5431	9	1	the	the	DET
ajfa-5431	9	2	literatures	literature	NOUN
ajfa-5431	9	3	presented	present	VERB
ajfa-5431	9	4	whether	whether	SCONJ
ajfa-5431	9	5	the	the	DET
ajfa-5431	9	6	function	function	NOUN
ajfa-5431	9	7	of	of	ADP
ajfa-5431	9	8	“	"	PUNCT
ajfa-5431	9	9	early	early	ADJ
ajfa-5431	9	10	warning	warning	NOUN
ajfa-5431	9	11	”	"	PUNCT
ajfa-5431	9	12	resides	reside	VERB
ajfa-5431	9	13	in	in	ADP
ajfa-5431	9	14	auditors	auditor	NOUN
ajfa-5431	9	15	’	’	PART
ajfa-5431	9	16	judgement	judgement	NOUN
ajfa-5431	9	17	to	to	ADP
ajfa-5431	9	18	business	business	NOUN
ajfa-5431	9	19	failure	failure	NOUN
ajfa-5431	9	20	,	,	PUNCT
ajfa-5431	9	21	and	and	CCONJ
ajfa-5431	9	22	to	to	PART
ajfa-5431	9	23	investigate	investigate	VERB
ajfa-5431	9	24	whether	whether	SCONJ
ajfa-5431	9	25	there	there	PRON
ajfa-5431	9	26	is	be	VERB
ajfa-5431	9	27	“	"	PUNCT
ajfa-5431	9	28	self	self	NOUN
ajfa-5431	9	29	-	-	PUNCT
ajfa-5431	9	30	fulfilling	fulfil	VERB
ajfa-5431	9	31	prophecy	prophecy	NOUN
ajfa-5431	9	32	”	"	PUNCT
ajfa-5431	9	33	after	after	ADP
ajfa-5431	9	34	going	go	VERB
ajfa-5431	9	35	concern	concern	NOUN
ajfa-5431	9	36	suspect	suspect	VERB
ajfa-5431	9	37	.	.	PUNCT
ajfa-5431	10	1	in	in	ADP
ajfa-5431	10	2	regards	regard	NOUN
ajfa-5431	10	3	to	to	ADP
ajfa-5431	10	4	“	"	PUNCT
ajfa-5431	10	5	early	early	ADJ
ajfa-5431	10	6	warning	warning	NOUN
ajfa-5431	10	7	”	"	PUNCT
ajfa-5431	10	8	function	function	NOUN
ajfa-5431	10	9	,	,	PUNCT
ajfa-5431	10	10	the	the	DET
ajfa-5431	10	11	relative	relative	ADJ
ajfa-5431	10	12	literatures	literature	NOUN
ajfa-5431	10	13	compared	compare	VERB
ajfa-5431	10	14	the	the	DET
ajfa-5431	10	15	forecast	forecast	NOUN
ajfa-5431	10	16	ability	ability	NOUN
ajfa-5431	10	17	between	between	ADP
ajfa-5431	10	18	audit	audit	NOUN
ajfa-5431	10	19	judgements	judgement	NOUN
ajfa-5431	10	20	and	and	CCONJ
ajfa-5431	10	21	statistical	statistical	ADJ
ajfa-5431	10	22	forecast	forecast	NOUN
ajfa-5431	10	23	models	model	NOUN
ajfa-5431	10	24	on	on	ADP
ajfa-5431	10	25	corporate	corporate	ADJ
ajfa-5431	10	26	failures	failure	NOUN
ajfa-5431	10	27	.	.	PUNCT
ajfa-5431	11	1	koh	koh	PROPN
ajfa-5431	11	2	(	(	PUNCT
ajfa-5431	11	3	1991	1991	NUM
ajfa-5431	11	4	)	)	PUNCT
ajfa-5431	11	5	indicates	indicate	VERB
ajfa-5431	11	6	that	that	SCONJ
ajfa-5431	11	7	auditors	auditor	NOUN
ajfa-5431	11	8	’	’	PART
ajfa-5431	11	9	accuracy	accuracy	NOUN
ajfa-5431	11	10	on	on	ADP
ajfa-5431	11	11	failure	failure	NOUN
ajfa-5431	11	12	predictions	prediction	NOUN
ajfa-5431	11	13	were	be	AUX
ajfa-5431	11	14	not	not	PART
ajfa-5431	11	15	better	well	ADJ
ajfa-5431	11	16	than	than	ADP
ajfa-5431	11	17	statistical	statistical	ADJ
ajfa-5431	11	18	forecast	forecast	NOUN
ajfa-5431	11	19	models	model	NOUN
ajfa-5431	11	20	.	.	PUNCT
ajfa-5431	12	1	levitan	levitan	PROPN
ajfa-5431	12	2	and	and	CCONJ
ajfa-5431	12	3	knoblett	knoblett	PROPN
ajfa-5431	12	4	(	(	PUNCT
ajfa-5431	12	5	1985	1985	NUM
ajfa-5431	12	6	)	)	PUNCT
ajfa-5431	12	7	and	and	CCONJ
ajfa-5431	12	8	koh	koh	PROPN
ajfa-5431	12	9	and	and	CCONJ
ajfa-5431	12	10	killough	killough	PROPN
ajfa-5431	12	11	(	(	PUNCT
ajfa-5431	12	12	1990	1990	NUM
ajfa-5431	12	13	)	)	PUNCT
ajfa-5431	12	14	suggested	suggest	VERB
ajfa-5431	12	15	that	that	SCONJ
ajfa-5431	12	16	auditor	auditor	NOUN
ajfa-5431	12	17	judgement	judgement	NOUN
ajfa-5431	12	18	should	should	AUX
ajfa-5431	12	19	be	be	AUX
ajfa-5431	12	20	made	make	VERB
ajfa-5431	12	21	by	by	ADP
ajfa-5431	12	22	utilising	utilise	VERB
ajfa-5431	12	23	statistical	statistical	ADJ
ajfa-5431	12	24	forecast	forecast	NOUN
ajfa-5431	12	25	models	model	NOUN
ajfa-5431	12	26	at	at	ADP
ajfa-5431	12	27	the	the	DET
ajfa-5431	12	28	same	same	ADJ
ajfa-5431	12	29	time	time	NOUN
ajfa-5431	12	30	.	.	PUNCT
ajfa-5431	13	1	the	the	DET
ajfa-5431	13	2	literatures	literature	NOUN
ajfa-5431	13	3	on	on	ADP
ajfa-5431	13	4	early	early	ADJ
ajfa-5431	13	5	warning	warning	NOUN
ajfa-5431	13	6	merely	merely	ADV
ajfa-5431	13	7	predicted	predict	VERB
ajfa-5431	13	8	corporate	corporate	ADJ
ajfa-5431	13	9	failure	failure	NOUN
ajfa-5431	13	10	probability	probability	NOUN
ajfa-5431	13	11	within	within	ADP
ajfa-5431	13	12	the	the	DET
ajfa-5431	13	13	study	study	NOUN
ajfa-5431	13	14	period	period	NOUN
ajfa-5431	13	15	,	,	PUNCT
ajfa-5431	13	16	but	but	CCONJ
ajfa-5431	13	17	failed	fail	VERB
ajfa-5431	13	18	corporations	corporation	NOUN
ajfa-5431	13	19	had	have	VERB
ajfa-5431	13	20	different	different	ADJ
ajfa-5431	13	21	time	time	NOUN
ajfa-5431	13	22	frames	frame	NOUN
ajfa-5431	13	23	from	from	ADP
ajfa-5431	13	24	when	when	SCONJ
ajfa-5431	13	25	risk	risk	NOUN
ajfa-5431	13	26	was	be	AUX
ajfa-5431	13	27	first	first	ADV
ajfa-5431	13	28	detected	detect	VERB
ajfa-5431	13	29	to	to	ADP
ajfa-5431	13	30	the	the	DET
ajfa-5431	13	31	actual	actual	ADJ
ajfa-5431	13	32	failure	failure	NOUN
ajfa-5431	13	33	.	.	PUNCT
ajfa-5431	14	1	if	if	SCONJ
ajfa-5431	14	2	the	the	DET
ajfa-5431	14	3	same	same	ADJ
ajfa-5431	14	4	time	time	NOUN
ajfa-5431	14	5	period	period	NOUN
ajfa-5431	14	6	was	be	AUX
ajfa-5431	14	7	chosen	choose	VERB
ajfa-5431	14	8	as	as	ADP
ajfa-5431	14	9	comparison	comparison	NOUN
ajfa-5431	14	10	basis	basis	NOUN
ajfa-5431	14	11	during	during	ADP
ajfa-5431	14	12	the	the	DET
ajfa-5431	14	13	study	study	NOUN
ajfa-5431	14	14	,	,	PUNCT
ajfa-5431	14	15	then	then	ADV
ajfa-5431	14	16	the	the	DET
ajfa-5431	14	17	observed	observed	ADJ
ajfa-5431	14	18	data	datum	NOUN
ajfa-5431	14	19	might	might	AUX
ajfa-5431	14	20	be	be	AUX
ajfa-5431	14	21	censored	censor	VERB
ajfa-5431	14	22	data	datum	NOUN
ajfa-5431	14	23	,	,	PUNCT
ajfa-5431	14	24	thus	thus	ADV
ajfa-5431	14	25	underestimating	underestimate	VERB
ajfa-5431	14	26	delist	delist	ADJ
ajfa-5431	14	27	risks	risk	NOUN
ajfa-5431	14	28	and	and	CCONJ
ajfa-5431	14	29	result	result	VERB
ajfa-5431	14	30	in	in	ADP
ajfa-5431	14	31	biased	biased	ADJ
ajfa-5431	14	32	analytical	analytical	ADJ
ajfa-5431	14	33	mistakes	mistake	NOUN
ajfa-5431	14	34	.	.	PUNCT
ajfa-5431	15	1	in	in	ADP
ajfa-5431	15	2	addition	addition	NOUN
ajfa-5431	15	3	,	,	PUNCT
ajfa-5431	15	4	the	the	DET
ajfa-5431	15	5	forecast	forecast	NOUN
ajfa-5431	15	6	models	model	NOUN
ajfa-5431	15	7	did	do	AUX
ajfa-5431	15	8	not	not	PART
ajfa-5431	15	9	consider	consider	VERB
ajfa-5431	15	10	the	the	DET
ajfa-5431	15	11	corporate	corporate	ADJ
ajfa-5431	15	12	survival	survival	NOUN
ajfa-5431	15	13	period	period	NOUN
ajfa-5431	15	14	between	between	ADP
ajfa-5431	15	15	first	first	ADJ
ajfa-5431	15	16	risk	risk	NOUN
ajfa-5431	15	17	identified	identify	VERB
ajfa-5431	15	18	to	to	ADP
ajfa-5431	15	19	actual	actual	ADJ
ajfa-5431	15	20	failure	failure	NOUN
ajfa-5431	15	21	,	,	PUNCT
ajfa-5431	15	22	so	so	SCONJ
ajfa-5431	15	23	this	this	DET
ajfa-5431	15	24	type	type	NOUN
ajfa-5431	15	25	of	of	ADP
ajfa-5431	15	26	risk	risk	NOUN
ajfa-5431	15	27	forecasting	forecasting	NOUN
ajfa-5431	15	28	weakens	weaken	VERB
ajfa-5431	15	29	the	the	DET
ajfa-5431	15	30	functions	function	NOUN
ajfa-5431	15	31	of	of	ADP
ajfa-5431	15	32	risk	risk	NOUN
ajfa-5431	15	33	forecast	forecast	NOUN
ajfa-5431	15	34	and	and	CCONJ
ajfa-5431	15	35	regulation	regulation	NOUN
ajfa-5431	15	36	.	.	PUNCT
ajfa-5431	16	1	studies	study	NOUN
ajfa-5431	16	2	on	on	ADP
ajfa-5431	16	3	“	"	PUNCT
ajfa-5431	16	4	self	self	NOUN
ajfa-5431	16	5	fulfilling	fulfil	VERB
ajfa-5431	16	6	prophecy	prophecy	NOUN
ajfa-5431	16	7	”	"	PUNCT
ajfa-5431	16	8	explored	explore	VERB
ajfa-5431	16	9	whether	whether	SCONJ
ajfa-5431	16	10	the	the	DET
ajfa-5431	16	11	possibility	possibility	NOUN
ajfa-5431	16	12	of	of	ADP
ajfa-5431	16	13	business	business	NOUN
ajfa-5431	16	14	failure	failure	NOUN
ajfa-5431	16	15	will	will	AUX
ajfa-5431	16	16	rise	rise	VERB
ajfa-5431	16	17	further	far	ADV
ajfa-5431	16	18	after	after	ADP
ajfa-5431	16	19	going	go	VERB
ajfa-5431	16	20	concern	concern	NOUN
ajfa-5431	16	21	suspect	suspect	NOUN
ajfa-5431	16	22	has	have	AUX
ajfa-5431	16	23	been	be	AUX
ajfa-5431	16	24	issued	issue	VERB
ajfa-5431	16	25	,	,	PUNCT
ajfa-5431	16	26	but	but	CCONJ
ajfa-5431	16	27	the	the	DET
ajfa-5431	16	28	existence	existence	NOUN
ajfa-5431	16	29	of	of	ADP
ajfa-5431	16	30	self	self	NOUN
ajfa-5431	16	31	fulfilling	fulfil	VERB
ajfa-5431	16	32	prophecy	prophecy	NOUN
ajfa-5431	16	33	itself	itself	PRON
ajfa-5431	16	34	created	create	VERB
ajfa-5431	16	35	controversial	controversial	ADJ
ajfa-5431	16	36	literature	literature	NOUN
ajfa-5431	16	37	conclusions	conclusion	NOUN
ajfa-5431	16	38	(	(	PUNCT
ajfa-5431	16	39	louwers	louwer	NOUN
ajfa-5431	16	40	,	,	PUNCT
ajfa-5431	16	41	1998	1998	NUM
ajfa-5431	16	42	)	)	PUNCT
ajfa-5431	16	43	.	.	PUNCT
ajfa-5431	17	1	louwers	louwer	NOUN
ajfa-5431	17	2	,	,	PUNCT
ajfa-5431	17	3	messina	messina	PROPN
ajfa-5431	17	4	and	and	CCONJ
ajfa-5431	17	5	richard	richard	PROPN
ajfa-5431	17	6	(	(	PUNCT
ajfa-5431	17	7	1999	1999	NUM
ajfa-5431	17	8	)	)	PUNCT
ajfa-5431	17	9	state	state	NOUN
ajfa-5431	17	10	that	that	SCONJ
ajfa-5431	17	11	the	the	DET
ajfa-5431	17	12	studies	study	NOUN
ajfa-5431	17	13	on	on	ADP
ajfa-5431	17	14	self	self	NOUN
ajfa-5431	17	15	fulfilling	fulfil	VERB
ajfa-5431	17	16	prophecy	prophecy	NOUN
ajfa-5431	17	17	only	only	ADV
ajfa-5431	17	18	analyse	analyse	VERB
ajfa-5431	17	19	the	the	DET
ajfa-5431	17	20	effect	effect	NOUN
ajfa-5431	17	21	during	during	ADP
ajfa-5431	17	22	the	the	DET
ajfa-5431	17	23	initial	initial	ADJ
ajfa-5431	17	24	stage	stage	NOUN
ajfa-5431	17	25	right	right	ADV
ajfa-5431	17	26	after	after	ADP
ajfa-5431	17	27	going	go	VERB
ajfa-5431	17	28	concern	concern	NOUN
ajfa-5431	17	29	suspect	suspect	VERB
ajfa-5431	17	30	issued	issue	VERB
ajfa-5431	17	31	,	,	PUNCT
ajfa-5431	17	32	the	the	DET
ajfa-5431	17	33	effect	effect	NOUN
ajfa-5431	17	34	in	in	ADP
ajfa-5431	17	35	the	the	DET
ajfa-5431	17	36	later	later	ADJ
ajfa-5431	17	37	periods	period	NOUN
ajfa-5431	17	38	have	have	AUX
ajfa-5431	17	39	been	be	AUX
ajfa-5431	17	40	neglected	neglect	VERB
ajfa-5431	17	41	,	,	PUNCT
ajfa-5431	17	42	resulting	result	VERB
ajfa-5431	17	43	in	in	ADP
ajfa-5431	17	44	biased	biased	ADJ
ajfa-5431	17	45	outcomes	outcome	NOUN
ajfa-5431	17	46	.	.	PUNCT
ajfa-5431	18	1	furthermore	furthermore	ADV
ajfa-5431	18	2	,	,	PUNCT
ajfa-5431	18	3	users	user	NOUN
ajfa-5431	18	4	of	of	ADP
ajfa-5431	18	5	financial	financial	ADJ
ajfa-5431	18	6	reports	report	NOUN
ajfa-5431	18	7	face	face	VERB
ajfa-5431	18	8	the	the	DET
ajfa-5431	18	9	problem	problem	NOUN
ajfa-5431	18	10	of	of	ADP
ajfa-5431	18	11	decision	decision	NOUN
ajfa-5431	18	12	making	make	VERB
ajfa-5431	18	13	in	in	ADP
ajfa-5431	18	14	a	a	DET
ajfa-5431	18	15	specific	specific	ADJ
ajfa-5431	18	16	point	point	NOUN
ajfa-5431	18	17	in	in	ADP
ajfa-5431	18	18	time	time	NOUN
ajfa-5431	18	19	.	.	PUNCT
ajfa-5431	19	1	when	when	SCONJ
ajfa-5431	19	2	firms	firm	NOUN
ajfa-5431	19	3	have	have	AUX
ajfa-5431	19	4	been	be	AUX
ajfa-5431	19	5	issued	issue	VERB
ajfa-5431	19	6	with	with	ADP
ajfa-5431	19	7	going	go	VERB
ajfa-5431	19	8	concern	concern	NOUN
ajfa-5431	19	9	suspect	suspect	ADJ
ajfa-5431	19	10	by	by	ADP
ajfa-5431	19	11	auditors	auditor	NOUN
ajfa-5431	19	12	,	,	PUNCT
ajfa-5431	19	13	besides	besides	SCONJ
ajfa-5431	19	14	survival	survival	NOUN
ajfa-5431	19	15	probabilities	probability	NOUN
ajfa-5431	19	16	,	,	PUNCT
ajfa-5431	19	17	the	the	DET
ajfa-5431	19	18	survival	survival	NOUN
ajfa-5431	19	19	lapse	lapse	NOUN
ajfa-5431	19	20	of	of	ADP
ajfa-5431	19	21	time	time	NOUN
ajfa-5431	19	22	must	must	AUX
ajfa-5431	19	23	also	also	ADV
ajfa-5431	19	24	be	be	AUX
ajfa-5431	19	25	considered	consider	VERB
ajfa-5431	19	26	.	.	PUNCT
ajfa-5431	20	1	to	to	ADP
ajfa-5431	20	2	the	the	DET
ajfa-5431	20	3	aforementioned	aforementioned	ADJ
ajfa-5431	20	4	blind	blind	ADJ
ajfa-5431	20	5	spots	spot	NOUN
ajfa-5431	20	6	,	,	PUNCT
ajfa-5431	20	7	the	the	DET
ajfa-5431	20	8	overall	overall	ADJ
ajfa-5431	20	9	time	time	NOUN
ajfa-5431	20	10	period	period	NOUN
ajfa-5431	20	11	from	from	ADP
ajfa-5431	20	12	first	first	ADV
ajfa-5431	20	13	on	on	ADP
ajfa-5431	20	14	going	go	VERB
ajfa-5431	20	15	concern	concern	NOUN
ajfa-5431	20	16	to	to	ADP
ajfa-5431	20	17	delist	delist	NOUN
ajfa-5431	20	18	must	must	AUX
ajfa-5431	20	19	be	be	AUX
ajfa-5431	20	20	examined	examine	VERB
ajfa-5431	20	21	thoroughly	thoroughly	ADV
ajfa-5431	20	22	.	.	PUNCT
ajfa-5431	21	1	this	this	DET
ajfa-5431	21	2	paper	paper	NOUN
ajfa-5431	21	3	has	have	AUX
ajfa-5431	21	4	also	also	ADV
ajfa-5431	21	5	reviewed	review	VERB
ajfa-5431	21	6	operation	operation	NOUN
ajfa-5431	21	7	risk	risk	NOUN
ajfa-5431	21	8	literatures	literature	NOUN
ajfa-5431	21	9	and	and	CCONJ
ajfa-5431	21	10	corporate	corporate	ADJ
ajfa-5431	21	11	governance	governance	NOUN
ajfa-5431	21	12	factors	factor	NOUN
ajfa-5431	21	13	and	and	CCONJ
ajfa-5431	21	14	audit	audit	NOUN
ajfa-5431	21	15	system	system	NOUN
ajfa-5431	21	16	that	that	PRON
ajfa-5431	21	17	can	can	AUX
ajfa-5431	21	18	influence	influence	VERB
ajfa-5431	21	19	corporate	corporate	ADJ
ajfa-5431	21	20	delist	delist	NOUN
ajfa-5431	21	21	.	.	PUNCT
ajfa-5431	22	1	in	in	ADP
ajfa-5431	22	2	1999	1999	NUM
ajfa-5431	22	3	,	,	PUNCT
ajfa-5431	22	4	taiwan	taiwan	PROPN
ajfa-5431	22	5	announced	announce	VERB
ajfa-5431	22	6	generally	generally	ADV
ajfa-5431	22	7	accepted	accept	VERB
ajfa-5431	22	8	auditing	auditing	NOUN
ajfa-5431	22	9	standard	standard	NOUN
ajfa-5431	22	10	no.33	no.33	PROPN
ajfa-5431	22	11	as	as	ADV
ajfa-5431	22	12	well	well	ADV
ajfa-5431	22	13	as	as	ADP
ajfa-5431	22	14	the	the	DET
ajfa-5431	22	15	modified	modify	VERB
ajfa-5431	22	16	version	version	NOUN
ajfa-5431	22	17	of	of	ADP
ajfa-5431	22	18	no	no	NOUN
ajfa-5431	22	19	.	.	PROPN
ajfa-5431	23	1	16	16	NUM
ajfa-5431	23	2	bulletin	bulletin	NOUN
ajfa-5431	23	3	.	.	PUNCT
ajfa-5431	24	1	when	when	SCONJ
ajfa-5431	24	2	auditors	auditor	NOUN
ajfa-5431	24	3	have	have	VERB
ajfa-5431	24	4	major	major	ADJ
ajfa-5431	24	5	going	go	VERB
ajfa-5431	24	6	concerns	concern	NOUN
ajfa-5431	24	7	,	,	PUNCT
ajfa-5431	24	8	this	this	DET
ajfa-5431	24	9	information	information	NOUN
ajfa-5431	24	10	should	should	AUX
ajfa-5431	24	11	be	be	AUX
ajfa-5431	24	12	disclosed	disclose	VERB
ajfa-5431	24	13	according	accord	VERB
ajfa-5431	24	14	to	to	ADP
ajfa-5431	24	15	no	no	PROPN
ajfa-5431	24	16	.	.	NOUN
ajfa-5431	24	17	2	2	NUM
ajfa-5431	24	18	and	and	CCONJ
ajfa-5431	24	19	no	no	INTJ
ajfa-5431	24	20	.	.	NOUN
ajfa-5431	25	1	16	16	NUM
ajfa-5431	25	2	audit	audit	NOUN
ajfa-5431	25	3	standard	standard	ADJ
ajfa-5431	25	4	bulletins	bulletin	NOUN
ajfa-5431	25	5	before	before	ADP
ajfa-5431	25	6	the	the	DET
ajfa-5431	25	7	modification	modification	NOUN
ajfa-5431	25	8	.	.	PUNCT
ajfa-5431	26	1	even	even	ADV
ajfa-5431	26	2	if	if	SCONJ
ajfa-5431	26	3	the	the	DET
ajfa-5431	26	4	firm	firm	NOUN
ajfa-5431	26	5	has	have	AUX
ajfa-5431	26	6	already	already	ADV
ajfa-5431	26	7	appropriately	appropriately	ADV
ajfa-5431	26	8	revealed	reveal	VERB
ajfa-5431	26	9	this	this	DET
ajfa-5431	26	10	information	information	NOUN
ajfa-5431	26	11	in	in	ADP
ajfa-5431	26	12	the	the	DET
ajfa-5431	26	13	financial	financial	ADJ
ajfa-5431	26	14	reports	report	NOUN
ajfa-5431	26	15	,	,	PUNCT
ajfa-5431	26	16	the	the	DET
ajfa-5431	26	17	accountant	accountant	NOUN
ajfa-5431	26	18	should	should	AUX
ajfa-5431	26	19	still	still	ADV
ajfa-5431	26	20	give	give	VERB
ajfa-5431	26	21	qualified	qualified	ADJ
ajfa-5431	26	22	opinion	opinion	NOUN
ajfa-5431	26	23	and	and	CCONJ
ajfa-5431	26	24	disclaimer	disclaimer	NOUN
ajfa-5431	26	25	of	of	ADP
ajfa-5431	26	26	opinion	opinion	NOUN
ajfa-5431	26	27	reports	report	NOUN
ajfa-5431	26	28	.	.	PUNCT
ajfa-5431	27	1	in	in	ADP
ajfa-5431	27	2	1999	1999	NUM
ajfa-5431	27	3	,	,	PUNCT
ajfa-5431	27	4	after	after	ADP
ajfa-5431	27	5	the	the	DET
ajfa-5431	27	6	adoption	adoption	NOUN
ajfa-5431	27	7	of	of	ADP
ajfa-5431	27	8	no	no	NOUN
ajfa-5431	27	9	.	.	PROPN
ajfa-5431	28	1	33	33	NUM
ajfa-5431	28	2	standard	standard	NOUN
ajfa-5431	28	3	along	along	ADP
ajfa-5431	28	4	with	with	ADP
ajfa-5431	28	5	modified	modified	ADJ
ajfa-5431	28	6	no	no	NOUN
ajfa-5431	28	7	.	.	PROPN
ajfa-5431	29	1	16	16	NUM
ajfa-5431	29	2	bulletin	bulletin	NOUN
ajfa-5431	29	3	,	,	PUNCT
ajfa-5431	29	4	1	1	NUM
ajfa-5431	29	5	in	in	ADP
ajfa-5431	29	6	this	this	DET
ajfa-5431	29	7	study	study	NOUN
ajfa-5431	29	8	,	,	PUNCT
ajfa-5431	29	9	business	business	NOUN
ajfa-5431	29	10	failure	failure	NOUN
ajfa-5431	29	11	means	mean	VERB
ajfa-5431	29	12	that	that	SCONJ
ajfa-5431	29	13	the	the	DET
ajfa-5431	29	14	companies	company	NOUN
ajfa-5431	29	15	have	have	AUX
ajfa-5431	29	16	been	be	AUX
ajfa-5431	29	17	delisted	delist	VERB
ajfa-5431	29	18	by	by	ADP
ajfa-5431	29	19	law	law	NOUN
ajfa-5431	29	20	enforcement	enforcement	NOUN
ajfa-5431	29	21	.	.	PUNCT
ajfa-5431	30	1	asian	asian	ADJ
ajfa-5431	30	2	journal	journal	PROPN
ajfa-5431	30	3	of	of	ADP
ajfa-5431	30	4	finance	finance	PROPN
ajfa-5431	30	5	&	&	CCONJ
ajfa-5431	30	6	accounting	accounting	PROPN
ajfa-5431	30	7	issn	issn	PROPN
ajfa-5431	30	8	1946	1946	NUM
ajfa-5431	30	9	-	-	PUNCT
ajfa-5431	30	10	052x	052x	PROPN
ajfa-5431	30	11	2014	2014	NUM
ajfa-5431	30	12	,	,	PUNCT
ajfa-5431	30	13	vol	vol	NOUN
ajfa-5431	30	14	.	.	PROPN
ajfa-5431	31	1	6	6	NUM
ajfa-5431	31	2	,	,	PUNCT
ajfa-5431	31	3	no	no	INTJ
ajfa-5431	31	4	.	.	NOUN
ajfa-5431	31	5	1	1	NUM
ajfa-5431	31	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5431	31	7	308	308	NUM
ajfa-5431	31	8	the	the	DET
ajfa-5431	31	9	accountant	accountant	NOUN
ajfa-5431	31	10	should	should	AUX
ajfa-5431	31	11	give	give	VERB
ajfa-5431	31	12	modified	modify	VERB
ajfa-5431	31	13	unqualified	unqualified	ADJ
ajfa-5431	31	14	opinion	opinion	NOUN
ajfa-5431	31	15	reports	report	NOUN
ajfa-5431	31	16	.	.	PUNCT
ajfa-5431	32	1	when	when	SCONJ
ajfa-5431	32	2	accountants	accountant	NOUN
ajfa-5431	32	3	have	have	AUX
ajfa-5431	32	4	going	go	VERB
ajfa-5431	32	5	concern	concern	NOUN
ajfa-5431	32	6	suspect	suspect	NOUN
ajfa-5431	32	7	,	,	PUNCT
ajfa-5431	32	8	they	they	PRON
ajfa-5431	32	9	can	can	AUX
ajfa-5431	32	10	change	change	VERB
ajfa-5431	32	11	their	their	PRON
ajfa-5431	32	12	reports	report	NOUN
ajfa-5431	32	13	to	to	ADP
ajfa-5431	32	14	“	"	PUNCT
ajfa-5431	32	15	modified	modify	VERB
ajfa-5431	32	16	unqualified	unqualified	ADJ
ajfa-5431	32	17	opinion	opinion	NOUN
ajfa-5431	32	18	”	"	PUNCT
ajfa-5431	32	19	from	from	ADP
ajfa-5431	32	20	“	"	PUNCT
ajfa-5431	32	21	qualified	qualified	ADJ
ajfa-5431	32	22	opinion	opinion	NOUN
ajfa-5431	32	23	”	"	PUNCT
ajfa-5431	32	24	.	.	PUNCT
ajfa-5431	33	1	with	with	ADP
ajfa-5431	33	2	the	the	DET
ajfa-5431	33	3	announcement	announcement	NOUN
ajfa-5431	33	4	of	of	ADP
ajfa-5431	33	5	no	no	NOUN
ajfa-5431	33	6	.	.	PROPN
ajfa-5431	33	7	33	33	NUM
ajfa-5431	33	8	bulletin	bulletin	NOUN
ajfa-5431	33	9	,	,	PUNCT
ajfa-5431	33	10	it	it	PRON
ajfa-5431	33	11	allowed	allow	VERB
ajfa-5431	33	12	the	the	DET
ajfa-5431	33	13	accountants	accountant	NOUN
ajfa-5431	33	14	to	to	PART
ajfa-5431	33	15	apply	apply	VERB
ajfa-5431	33	16	more	more	ADJ
ajfa-5431	33	17	graceful	graceful	ADJ
ajfa-5431	33	18	standards	standard	NOUN
ajfa-5431	33	19	when	when	SCONJ
ajfa-5431	33	20	issuing	issue	VERB
ajfa-5431	33	21	going	go	VERB
ajfa-5431	33	22	concern	concern	NOUN
ajfa-5431	33	23	suspect	suspect	VERB
ajfa-5431	33	24	reports	report	NOUN
ajfa-5431	33	25	to	to	ADP
ajfa-5431	33	26	companies	company	NOUN
ajfa-5431	33	27	(	(	PUNCT
ajfa-5431	33	28	hsu	hsu	PROPN
ajfa-5431	33	29	,	,	PUNCT
ajfa-5431	33	30	wang	wang	PROPN
ajfa-5431	33	31	and	and	CCONJ
ajfa-5431	33	32	liou	liou	NOUN
ajfa-5431	33	33	,	,	PUNCT
ajfa-5431	33	34	2011	2011	NUM
ajfa-5431	33	35	)	)	PUNCT
ajfa-5431	33	36	.	.	PUNCT
ajfa-5431	34	1	this	this	DET
ajfa-5431	34	2	study	study	NOUN
ajfa-5431	34	3	selects	select	VERB
ajfa-5431	34	4	observations	observation	NOUN
ajfa-5431	34	5	of	of	ADP
ajfa-5431	34	6	companies	company	NOUN
ajfa-5431	34	7	that	that	PRON
ajfa-5431	34	8	have	have	AUX
ajfa-5431	34	9	been	be	AUX
ajfa-5431	34	10	issued	issue	VERB
ajfa-5431	34	11	with	with	ADP
ajfa-5431	34	12	going	go	VERB
ajfa-5431	34	13	concern	concern	NOUN
ajfa-5431	34	14	by	by	ADP
ajfa-5431	34	15	auditors	auditor	NOUN
ajfa-5431	34	16	from	from	ADP
ajfa-5431	34	17	1988	1988	NUM
ajfa-5431	34	18	to	to	ADP
ajfa-5431	34	19	2007	2007	NUM
ajfa-5431	34	20	as	as	ADP
ajfa-5431	34	21	observed	observe	VERB
ajfa-5431	34	22	data	datum	NOUN
ajfa-5431	34	23	.	.	PUNCT
ajfa-5431	35	1	empirical	empirical	ADJ
ajfa-5431	35	2	results	result	NOUN
ajfa-5431	35	3	indicate	indicate	VERB
ajfa-5431	35	4	some	some	PRON
ajfa-5431	35	5	of	of	ADP
ajfa-5431	35	6	the	the	DET
ajfa-5431	35	7	reasons	reason	NOUN
ajfa-5431	35	8	for	for	ADP
ajfa-5431	35	9	higher	high	ADJ
ajfa-5431	35	10	delist	delist	ADJ
ajfa-5431	35	11	risk	risk	NOUN
ajfa-5431	35	12	rate	rate	NOUN
ajfa-5431	35	13	are	be	AUX
ajfa-5431	35	14	:	:	PUNCT
ajfa-5431	35	15	companies	company	NOUN
ajfa-5431	35	16	only	only	ADV
ajfa-5431	35	17	listed	list	VERB
ajfa-5431	35	18	for	for	ADP
ajfa-5431	35	19	a	a	DET
ajfa-5431	35	20	short	short	ADJ
ajfa-5431	35	21	period	period	NOUN
ajfa-5431	35	22	of	of	ADP
ajfa-5431	35	23	time	time	NOUN
ajfa-5431	35	24	,	,	PUNCT
ajfa-5431	35	25	low	low	ADJ
ajfa-5431	35	26	ratio	ratio	NOUN
ajfa-5431	35	27	of	of	ADP
ajfa-5431	35	28	reserved	reserved	ADJ
ajfa-5431	35	29	earning	earn	VERB
ajfa-5431	35	30	to	to	ADP
ajfa-5431	35	31	total	total	ADJ
ajfa-5431	35	32	asset	asset	NOUN
ajfa-5431	35	33	,	,	PUNCT
ajfa-5431	35	34	low	low	ADJ
ajfa-5431	35	35	ratio	ratio	NOUN
ajfa-5431	35	36	of	of	ADP
ajfa-5431	35	37	share	share	NOUN
ajfa-5431	35	38	market	market	NOUN
ajfa-5431	35	39	price	price	NOUN
ajfa-5431	35	40	to	to	AUX
ajfa-5431	35	41	total	total	ADJ
ajfa-5431	35	42	debt	debt	NOUN
ajfa-5431	35	43	,	,	PUNCT
ajfa-5431	35	44	high	high	ADJ
ajfa-5431	35	45	ratio	ratio	NOUN
ajfa-5431	35	46	of	of	ADP
ajfa-5431	35	47	directors	director	NOUN
ajfa-5431	35	48	’	'	PUNCT
ajfa-5431	35	49	pledge	pledge	NOUN
ajfa-5431	35	50	,	,	PUNCT
ajfa-5431	35	51	or	or	CCONJ
ajfa-5431	35	52	low	low	ADJ
ajfa-5431	35	53	percentage	percentage	NOUN
ajfa-5431	35	54	of	of	ADP
ajfa-5431	35	55	share	share	NOUN
ajfa-5431	35	56	holding	hold	VERB
ajfa-5431	35	57	by	by	ADP
ajfa-5431	35	58	internal	internal	ADJ
ajfa-5431	35	59	management	management	NOUN
ajfa-5431	35	60	.	.	PUNCT
ajfa-5431	36	1	at	at	ADP
ajfa-5431	36	2	the	the	DET
ajfa-5431	36	3	same	same	ADJ
ajfa-5431	36	4	time	time	NOUN
ajfa-5431	36	5	,	,	PUNCT
ajfa-5431	36	6	when	when	SCONJ
ajfa-5431	36	7	going	go	VERB
ajfa-5431	36	8	concern	concern	NOUN
ajfa-5431	36	9	has	have	AUX
ajfa-5431	36	10	been	be	AUX
ajfa-5431	36	11	issued	issue	VERB
ajfa-5431	36	12	,	,	PUNCT
ajfa-5431	36	13	delist	delist	ADJ
ajfa-5431	36	14	risk	risk	NOUN
ajfa-5431	36	15	will	will	AUX
ajfa-5431	36	16	continue	continue	VERB
ajfa-5431	36	17	to	to	PART
ajfa-5431	36	18	rise	rise	VERB
ajfa-5431	36	19	,	,	PUNCT
ajfa-5431	36	20	it	it	PRON
ajfa-5431	36	21	will	will	AUX
ajfa-5431	36	22	reach	reach	VERB
ajfa-5431	36	23	the	the	DET
ajfa-5431	36	24	summit	summit	NOUN
ajfa-5431	36	25	in	in	ADP
ajfa-5431	36	26	19th	19th	ADJ
ajfa-5431	36	27	quarter	quarter	NOUN
ajfa-5431	36	28	and	and	CCONJ
ajfa-5431	36	29	then	then	ADV
ajfa-5431	36	30	gradually	gradually	ADV
ajfa-5431	36	31	descends	descend	VERB
ajfa-5431	36	32	.	.	PUNCT
ajfa-5431	37	1	this	this	PRON
ajfa-5431	37	2	indicates	indicate	VERB
ajfa-5431	37	3	first	first	ADJ
ajfa-5431	37	4	5	5	NUM
ajfa-5431	37	5	years	year	NOUN
ajfa-5431	37	6	is	be	AUX
ajfa-5431	37	7	the	the	DET
ajfa-5431	37	8	delist	delist	ADJ
ajfa-5431	37	9	high	high	ADJ
ajfa-5431	37	10	risk	risk	NOUN
ajfa-5431	37	11	period	period	NOUN
ajfa-5431	37	12	for	for	ADP
ajfa-5431	37	13	a	a	DET
ajfa-5431	37	14	company	company	NOUN
ajfa-5431	37	15	after	after	ADP
ajfa-5431	37	16	first	first	ADV
ajfa-5431	37	17	going	go	VERB
ajfa-5431	37	18	concern	concern	NOUN
ajfa-5431	37	19	.	.	PUNCT
ajfa-5431	38	1	split	split	NOUN
ajfa-5431	38	2	models	model	NOUN
ajfa-5431	38	3	’	'	PUNCT
ajfa-5431	38	4	final	final	ADJ
ajfa-5431	38	5	failure	failure	NOUN
ajfa-5431	38	6	rate	rate	NOUN
ajfa-5431	38	7	parameter	parameter	NOUN
ajfa-5431	38	8	is	be	AUX
ajfa-5431	38	9	estimated	estimate	VERB
ajfa-5431	38	10	at	at	ADP
ajfa-5431	38	11	0.834	0.834	NUM
ajfa-5431	38	12	,	,	PUNCT
ajfa-5431	38	13	through	through	ADP
ajfa-5431	38	14	verification	verification	NOUN
ajfa-5431	38	15	,	,	PUNCT
ajfa-5431	38	16	test	test	NOUN
ajfa-5431	38	17	results	result	NOUN
ajfa-5431	38	18	are	be	AUX
ajfa-5431	38	19	significantly	significantly	ADV
ajfa-5431	38	20	other	other	ADJ
ajfa-5431	38	21	than	than	ADP
ajfa-5431	38	22	1	1	NUM
ajfa-5431	38	23	.	.	PUNCT
ajfa-5431	39	1	therefore	therefore	ADV
ajfa-5431	39	2	it	it	PRON
ajfa-5431	39	3	is	be	AUX
ajfa-5431	39	4	clear	clear	ADJ
ajfa-5431	39	5	that	that	SCONJ
ajfa-5431	39	6	standard	standard	ADJ
ajfa-5431	39	7	model	model	NOUN
ajfa-5431	39	8	is	be	AUX
ajfa-5431	39	9	not	not	PART
ajfa-5431	39	10	appropriate	appropriate	ADJ
ajfa-5431	39	11	to	to	ADP
ajfa-5431	39	12	this	this	DET
ajfa-5431	39	13	study	study	NOUN
ajfa-5431	39	14	’s	’s	PART
ajfa-5431	39	15	sample	sample	NOUN
ajfa-5431	39	16	data	datum	NOUN
ajfa-5431	39	17	and	and	CCONJ
ajfa-5431	39	18	does	do	AUX
ajfa-5431	39	19	not	not	PART
ajfa-5431	39	20	fit	fit	VERB
ajfa-5431	39	21	the	the	DET
ajfa-5431	39	22	assumption	assumption	NOUN
ajfa-5431	39	23	of	of	ADP
ajfa-5431	39	24	companies	company	NOUN
ajfa-5431	39	25	will	will	AUX
ajfa-5431	39	26	fail	fail	VERB
ajfa-5431	39	27	at	at	ADP
ajfa-5431	39	28	the	the	DET
ajfa-5431	39	29	very	very	ADJ
ajfa-5431	39	30	end	end	NOUN
ajfa-5431	39	31	.	.	PUNCT
ajfa-5431	40	1	this	this	DET
ajfa-5431	40	2	paper	paper	NOUN
ajfa-5431	40	3	is	be	AUX
ajfa-5431	40	4	structured	structure	VERB
ajfa-5431	40	5	as	as	SCONJ
ajfa-5431	40	6	follows	follow	VERB
ajfa-5431	40	7	:	:	PUNCT
ajfa-5431	40	8	introduction	introduction	NOUN
ajfa-5431	40	9	,	,	PUNCT
ajfa-5431	40	10	literature	literature	NOUN
ajfa-5431	40	11	reviews	review	NOUN
ajfa-5431	40	12	,	,	PUNCT
ajfa-5431	40	13	analysis	analysis	NOUN
ajfa-5431	40	14	model	model	NOUN
ajfa-5431	40	15	,	,	PUNCT
ajfa-5431	40	16	factors	factor	NOUN
ajfa-5431	40	17	to	to	ADP
ajfa-5431	40	18	business	business	NOUN
ajfa-5431	40	19	failure	failure	NOUN
ajfa-5431	40	20	,	,	PUNCT
ajfa-5431	40	21	data	datum	NOUN
ajfa-5431	40	22	and	and	CCONJ
ajfa-5431	40	23	sample	sample	NOUN
ajfa-5431	40	24	selection	selection	NOUN
ajfa-5431	40	25	,	,	PUNCT
ajfa-5431	40	26	empirical	empirical	ADJ
ajfa-5431	40	27	results	result	NOUN
ajfa-5431	40	28	and	and	CCONJ
ajfa-5431	40	29	conclusion	conclusion	NOUN
ajfa-5431	40	30	.	.	PUNCT
ajfa-5431	41	1	2	2	X
ajfa-5431	41	2	.	.	X
ajfa-5431	41	3	literature	literature	NOUN
ajfa-5431	41	4	review	review	VERB
ajfa-5431	41	5	this	this	DET
ajfa-5431	41	6	paper	paper	NOUN
ajfa-5431	41	7	will	will	AUX
ajfa-5431	41	8	take	take	VERB
ajfa-5431	41	9	theories	theory	NOUN
ajfa-5431	41	10	from	from	ADP
ajfa-5431	41	11	previous	previous	ADJ
ajfa-5431	41	12	literatures	literature	NOUN
ajfa-5431	41	13	as	as	ADP
ajfa-5431	41	14	basis	basis	NOUN
ajfa-5431	41	15	and	and	CCONJ
ajfa-5431	41	16	proposes	propose	VERB
ajfa-5431	41	17	the	the	DET
ajfa-5431	41	18	use	use	NOUN
ajfa-5431	41	19	of	of	ADP
ajfa-5431	41	20	survival	survival	NOUN
ajfa-5431	41	21	analysis	analysis	NOUN
ajfa-5431	41	22	model	model	NOUN
ajfa-5431	41	23	with	with	ADP
ajfa-5431	41	24	the	the	DET
ajfa-5431	41	25	incorporation	incorporation	NOUN
ajfa-5431	41	26	of	of	ADP
ajfa-5431	41	27	time	time	NOUN
ajfa-5431	41	28	factor	factor	NOUN
ajfa-5431	41	29	,	,	PUNCT
ajfa-5431	41	30	because	because	SCONJ
ajfa-5431	41	31	neither	neither	PRON
ajfa-5431	41	32	of	of	ADP
ajfa-5431	41	33	these	these	PRON
ajfa-5431	41	34	considered	consider	VERB
ajfa-5431	41	35	the	the	DET
ajfa-5431	41	36	time	time	NOUN
ajfa-5431	41	37	factor	factor	NOUN
ajfa-5431	41	38	.	.	PUNCT
ajfa-5431	42	1	altman	altman	PROPN
ajfa-5431	42	2	and	and	CCONJ
ajfa-5431	42	3	mcgough	mcgough	PROPN
ajfa-5431	42	4	(	(	PUNCT
ajfa-5431	42	5	1974	1974	NUM
ajfa-5431	42	6	)	)	PUNCT
ajfa-5431	42	7	compared	compare	VERB
ajfa-5431	42	8	statistical	statistical	ADJ
ajfa-5431	42	9	forecast	forecast	NOUN
ajfa-5431	42	10	model	model	NOUN
ajfa-5431	42	11	and	and	CCONJ
ajfa-5431	42	12	forecast	forecast	NOUN
ajfa-5431	42	13	ability	ability	NOUN
ajfa-5431	42	14	of	of	ADP
ajfa-5431	42	15	the	the	DET
ajfa-5431	42	16	auditors	auditor	NOUN
ajfa-5431	42	17	,	,	PUNCT
ajfa-5431	42	18	results	result	NOUN
ajfa-5431	42	19	indicated	indicate	VERB
ajfa-5431	42	20	the	the	DET
ajfa-5431	42	21	accuracy	accuracy	NOUN
ajfa-5431	42	22	of	of	ADP
ajfa-5431	42	23	auditor	auditor	NOUN
ajfa-5431	42	24	’s	’s	PART
ajfa-5431	42	25	forecast	forecast	NOUN
ajfa-5431	42	26	to	to	ADP
ajfa-5431	42	27	corporate	corporate	ADJ
ajfa-5431	42	28	failure	failure	NOUN
ajfa-5431	42	29	is	be	AUX
ajfa-5431	42	30	only	only	ADV
ajfa-5431	42	31	half	half	NOUN
ajfa-5431	42	32	of	of	ADP
ajfa-5431	42	33	what	what	PRON
ajfa-5431	42	34	the	the	DET
ajfa-5431	42	35	statistical	statistical	ADJ
ajfa-5431	42	36	model	model	NOUN
ajfa-5431	42	37	has	have	AUX
ajfa-5431	42	38	forecasted	forecast	VERB
ajfa-5431	42	39	.	.	PUNCT
ajfa-5431	43	1	the	the	DET
ajfa-5431	43	2	related	related	ADJ
ajfa-5431	43	3	studies	study	NOUN
ajfa-5431	43	4	also	also	ADV
ajfa-5431	43	5	concluded	conclude	VERB
ajfa-5431	43	6	with	with	ADP
ajfa-5431	43	7	higher	high	ADJ
ajfa-5431	43	8	accuracy	accuracy	NOUN
ajfa-5431	43	9	on	on	ADP
ajfa-5431	43	10	statistical	statistical	ADJ
ajfa-5431	43	11	models	model	NOUN
ajfa-5431	43	12	rather	rather	ADV
ajfa-5431	43	13	than	than	ADP
ajfa-5431	43	14	the	the	DET
ajfa-5431	43	15	auditor	auditor	NOUN
ajfa-5431	43	16	’s	’s	PART
ajfa-5431	43	17	judgements	judgement	NOUN
ajfa-5431	43	18	(	(	PUNCT
ajfa-5431	43	19	levitan	levitan	ADJ
ajfa-5431	43	20	and	and	CCONJ
ajfa-5431	43	21	knoblett	knoblett	NOUN
ajfa-5431	43	22	,	,	PUNCT
ajfa-5431	43	23	1985	1985	NUM
ajfa-5431	43	24	;	;	PUNCT
ajfa-5431	43	25	koh	koh	PROPN
ajfa-5431	43	26	and	and	CCONJ
ajfa-5431	43	27	killough	killough	PROPN
ajfa-5431	43	28	,	,	PUNCT
ajfa-5431	43	29	1990	1990	NUM
ajfa-5431	43	30	;	;	PUNCT
ajfa-5431	43	31	koh	koh	PROPN
ajfa-5431	43	32	,	,	PUNCT
ajfa-5431	43	33	1991	1991	NUM
ajfa-5431	43	34	)	)	PUNCT
ajfa-5431	43	35	.	.	PUNCT
ajfa-5431	44	1	these	these	PRON
ajfa-5431	44	2	were	be	AUX
ajfa-5431	44	3	all	all	PRON
ajfa-5431	44	4	choice	choice	NOUN
ajfa-5431	44	5	models	model	NOUN
ajfa-5431	44	6	to	to	PART
ajfa-5431	44	7	differentiate	differentiate	VERB
ajfa-5431	44	8	whether	whether	SCONJ
ajfa-5431	44	9	the	the	DET
ajfa-5431	44	10	corporate	corporate	NOUN
ajfa-5431	44	11	has	have	AUX
ajfa-5431	44	12	failed	fail	VERB
ajfa-5431	44	13	,	,	PUNCT
ajfa-5431	44	14	but	but	CCONJ
ajfa-5431	44	15	to	to	PART
ajfa-5431	44	16	report	report	VERB
ajfa-5431	44	17	users	user	NOUN
ajfa-5431	44	18	,	,	PUNCT
ajfa-5431	44	19	they	they	PRON
ajfa-5431	44	20	not	not	PART
ajfa-5431	44	21	only	only	ADV
ajfa-5431	44	22	care	care	VERB
ajfa-5431	44	23	about	about	ADP
ajfa-5431	44	24	the	the	DET
ajfa-5431	44	25	probability	probability	NOUN
ajfa-5431	44	26	of	of	ADP
ajfa-5431	44	27	corporate	corporate	ADJ
ajfa-5431	44	28	failure	failure	NOUN
ajfa-5431	44	29	,	,	PUNCT
ajfa-5431	44	30	but	but	CCONJ
ajfa-5431	44	31	also	also	ADV
ajfa-5431	44	32	when	when	SCONJ
ajfa-5431	44	33	this	this	PRON
ajfa-5431	44	34	is	be	AUX
ajfa-5431	44	35	likely	likely	ADJ
ajfa-5431	44	36	to	to	PART
ajfa-5431	44	37	happen	happen	VERB
ajfa-5431	44	38	.	.	PUNCT
ajfa-5431	45	1	from	from	ADP
ajfa-5431	45	2	the	the	DET
ajfa-5431	45	3	moment	moment	NOUN
ajfa-5431	45	4	auditors	auditor	NOUN
ajfa-5431	45	5	issue	issue	VERB
ajfa-5431	45	6	on	on	ADP
ajfa-5431	45	7	going	go	VERB
ajfa-5431	45	8	concern	concern	NOUN
ajfa-5431	45	9	to	to	ADP
ajfa-5431	45	10	the	the	DET
ajfa-5431	45	11	actual	actual	ADJ
ajfa-5431	45	12	failure	failure	NOUN
ajfa-5431	45	13	point	point	NOUN
ajfa-5431	45	14	,	,	PUNCT
ajfa-5431	45	15	f	f	X
ajfa-5431	45	16	/	/	SYM
ajfa-5431	45	17	s	s	PART
ajfa-5431	45	18	users	user	NOUN
ajfa-5431	45	19	must	must	AUX
ajfa-5431	45	20	evaluate	evaluate	VERB
ajfa-5431	45	21	risk	risk	NOUN
ajfa-5431	45	22	in	in	ADP
ajfa-5431	45	23	corporate	corporate	ADJ
ajfa-5431	45	24	failure	failure	NOUN
ajfa-5431	45	25	and	and	CCONJ
ajfa-5431	45	26	the	the	DET
ajfa-5431	45	27	probability	probability	NOUN
ajfa-5431	45	28	of	of	ADP
ajfa-5431	45	29	when	when	SCONJ
ajfa-5431	45	30	this	this	PRON
ajfa-5431	45	31	will	will	AUX
ajfa-5431	45	32	take	take	VERB
ajfa-5431	45	33	place	place	NOUN
ajfa-5431	45	34	at	at	ADP
ajfa-5431	45	35	any	any	DET
ajfa-5431	45	36	time	time	NOUN
ajfa-5431	45	37	from	from	ADP
ajfa-5431	45	38	that	that	DET
ajfa-5431	45	39	point	point	NOUN
ajfa-5431	45	40	onwards	onwards	ADV
ajfa-5431	45	41	so	so	ADV
ajfa-5431	45	42	corresponding	corresponding	ADJ
ajfa-5431	45	43	actions	action	NOUN
ajfa-5431	45	44	can	can	AUX
ajfa-5431	45	45	be	be	AUX
ajfa-5431	45	46	planned	plan	VERB
ajfa-5431	45	47	.	.	PUNCT
ajfa-5431	46	1	on	on	ADP
ajfa-5431	46	2	the	the	DET
ajfa-5431	46	3	other	other	ADJ
ajfa-5431	46	4	hand	hand	NOUN
ajfa-5431	46	5	,	,	PUNCT
ajfa-5431	46	6	choice	choice	NOUN
ajfa-5431	46	7	models	model	NOUN
ajfa-5431	46	8	did	do	AUX
ajfa-5431	46	9	not	not	PART
ajfa-5431	46	10	signify	signify	VERB
ajfa-5431	46	11	the	the	DET
ajfa-5431	46	12	company	company	NOUN
ajfa-5431	46	13	’s	’s	PART
ajfa-5431	46	14	survival	survival	PROPN
ajfa-5431	46	15	lapse	lapse	NOUN
ajfa-5431	46	16	period	period	NOUN
ajfa-5431	46	17	from	from	ADP
ajfa-5431	46	18	point	point	NOUN
ajfa-5431	46	19	of	of	ADP
ajfa-5431	46	20	issuance	issuance	NOUN
ajfa-5431	46	21	of	of	ADP
ajfa-5431	46	22	going	go	VERB
ajfa-5431	46	23	concern	concern	NOUN
ajfa-5431	46	24	to	to	ADP
ajfa-5431	46	25	corporate	corporate	ADJ
ajfa-5431	46	26	failure	failure	NOUN
ajfa-5431	46	27	,	,	PUNCT
ajfa-5431	46	28	thus	thus	ADV
ajfa-5431	46	29	choice	choice	NOUN
ajfa-5431	46	30	models	model	NOUN
ajfa-5431	46	31	have	have	VERB
ajfa-5431	46	32	lower	low	ADJ
ajfa-5431	46	33	prevention	prevention	NOUN
ajfa-5431	46	34	and	and	CCONJ
ajfa-5431	46	35	management	management	NOUN
ajfa-5431	46	36	functions	function	NOUN
ajfa-5431	46	37	for	for	ADP
ajfa-5431	46	38	failed	failed	ADJ
ajfa-5431	46	39	companies	company	NOUN
ajfa-5431	46	40	.	.	PUNCT
ajfa-5431	47	1	louwers	louwer	NOUN
ajfa-5431	47	2	(	(	PUNCT
ajfa-5431	47	3	1998	1998	NUM
ajfa-5431	47	4	)	)	PUNCT
ajfa-5431	47	5	deemed	deem	VERB
ajfa-5431	47	6	that	that	SCONJ
ajfa-5431	47	7	when	when	SCONJ
ajfa-5431	47	8	auditors	auditor	NOUN
ajfa-5431	47	9	issue	issue	VERB
ajfa-5431	47	10	on	on	ADP
ajfa-5431	47	11	going	go	VERB
ajfa-5431	47	12	concern	concern	NOUN
ajfa-5431	47	13	,	,	PUNCT
ajfa-5431	47	14	the	the	DET
ajfa-5431	47	15	probability	probability	NOUN
ajfa-5431	47	16	of	of	ADP
ajfa-5431	47	17	corporate	corporate	ADJ
ajfa-5431	47	18	failure	failure	NOUN
ajfa-5431	47	19	could	could	AUX
ajfa-5431	47	20	rise	rise	VERB
ajfa-5431	47	21	due	due	ADP
ajfa-5431	47	22	to	to	ADP
ajfa-5431	47	23	this	this	DET
ajfa-5431	47	24	action	action	NOUN
ajfa-5431	47	25	,	,	PUNCT
ajfa-5431	47	26	this	this	PRON
ajfa-5431	47	27	is	be	AUX
ajfa-5431	47	28	called	call	VERB
ajfa-5431	47	29	self	self	NOUN
ajfa-5431	47	30	fulfilling	fulfil	VERB
ajfa-5431	47	31	prophecy	prophecy	NOUN
ajfa-5431	47	32	.	.	PUNCT
ajfa-5431	48	1	altmen	altmen	PROPN
ajfa-5431	48	2	(	(	PUNCT
ajfa-5431	48	3	1982	1982	NUM
ajfa-5431	48	4	)	)	PUNCT
ajfa-5431	48	5	,	,	PUNCT
ajfa-5431	48	6	barnes	barne	NOUN
ajfa-5431	48	7	and	and	CCONJ
ajfa-5431	48	8	hooi	hooi	NOUN
ajfa-5431	48	9	(	(	PUNCT
ajfa-5431	48	10	1987	1987	NUM
ajfa-5431	48	11	)	)	PUNCT
ajfa-5431	48	12	and	and	CCONJ
ajfa-5431	48	13	psaros	psaro	NOUN
ajfa-5431	48	14	and	and	CCONJ
ajfa-5431	48	15	zhang	zhang	PROPN
ajfa-5431	48	16	(	(	PUNCT
ajfa-5431	48	17	1994	1994	NUM
ajfa-5431	48	18	)	)	PUNCT
ajfa-5431	48	19	did	do	AUX
ajfa-5431	48	20	not	not	PART
ajfa-5431	48	21	support	support	VERB
ajfa-5431	48	22	the	the	DET
ajfa-5431	48	23	existence	existence	NOUN
ajfa-5431	48	24	of	of	ADP
ajfa-5431	48	25	self	self	NOUN
ajfa-5431	48	26	fulfilling	fulfil	VERB
ajfa-5431	48	27	prophecy	prophecy	NOUN
ajfa-5431	48	28	.	.	PUNCT
ajfa-5431	49	1	but	but	CCONJ
ajfa-5431	49	2	nogler	nogler	NOUN
ajfa-5431	49	3	(	(	PUNCT
ajfa-5431	49	4	1995	1995	NUM
ajfa-5431	49	5	)	)	PUNCT
ajfa-5431	49	6	,	,	PUNCT
ajfa-5431	49	7	louwers	louwer	NOUN
ajfa-5431	49	8	(	(	PUNCT
ajfa-5431	49	9	1998	1998	NUM
ajfa-5431	49	10	)	)	PUNCT
ajfa-5431	49	11	,	,	PUNCT
ajfa-5431	49	12	citron	citron	NOUN
ajfa-5431	49	13	and	and	CCONJ
ajfa-5431	49	14	taffer	taffer	NOUN
ajfa-5431	49	15	(	(	PUNCT
ajfa-5431	49	16	1992	1992	NUM
ajfa-5431	49	17	)	)	PUNCT
ajfa-5431	49	18	,	,	PUNCT
ajfa-5431	49	19	and	and	CCONJ
ajfa-5431	49	20	wang	wang	PROPN
ajfa-5431	49	21	,	,	PUNCT
ajfa-5431	49	22	lin	lin	PROPN
ajfa-5431	49	23	and	and	CCONJ
ajfa-5431	49	24	hsu	hsu	PROPN
ajfa-5431	49	25	(	(	PUNCT
ajfa-5431	49	26	2013	2013	NUM
ajfa-5431	49	27	)	)	PUNCT
ajfa-5431	49	28	supported	support	VERB
ajfa-5431	49	29	self	self	NOUN
ajfa-5431	49	30	-	-	PUNCT
ajfa-5431	49	31	fulfilling	fulfil	VERB
ajfa-5431	49	32	prophecy	prophecy	NOUN
ajfa-5431	49	33	.	.	PUNCT
ajfa-5431	50	1	it	it	PRON
ajfa-5431	50	2	is	be	AUX
ajfa-5431	50	3	clear	clear	ADJ
ajfa-5431	50	4	that	that	SCONJ
ajfa-5431	50	5	there	there	PRON
ajfa-5431	50	6	is	be	VERB
ajfa-5431	50	7	no	no	DET
ajfa-5431	50	8	unanimity	unanimity	NOUN
ajfa-5431	50	9	in	in	ADP
ajfa-5431	50	10	conclusion	conclusion	NOUN
ajfa-5431	50	11	whether	whether	SCONJ
ajfa-5431	50	12	self	self	NOUN
ajfa-5431	50	13	-	-	PUNCT
ajfa-5431	50	14	fulfilling	fulfil	VERB
ajfa-5431	50	15	prophecy	prophecy	NOUN
ajfa-5431	50	16	exists	exist	VERB
ajfa-5431	50	17	.	.	PUNCT
ajfa-5431	51	1	the	the	DET
ajfa-5431	51	2	reason	reason	NOUN
ajfa-5431	51	3	for	for	ADP
ajfa-5431	51	4	this	this	DET
ajfa-5431	51	5	diversification	diversification	NOUN
ajfa-5431	51	6	in	in	ADP
ajfa-5431	51	7	results	result	NOUN
ajfa-5431	51	8	is	be	AUX
ajfa-5431	51	9	self	self	NOUN
ajfa-5431	51	10	fulfilling	fulfil	VERB
ajfa-5431	51	11	prophecy	prophecy	NOUN
ajfa-5431	51	12	implies	imply	VERB
ajfa-5431	51	13	companies	company	NOUN
ajfa-5431	51	14	will	will	AUX
ajfa-5431	51	15	fail	fail	VERB
ajfa-5431	51	16	in	in	ADP
ajfa-5431	51	17	the	the	DET
ajfa-5431	51	18	asian	asian	ADJ
ajfa-5431	51	19	journal	journal	NOUN
ajfa-5431	51	20	of	of	ADP
ajfa-5431	51	21	finance	finance	PROPN
ajfa-5431	51	22	&	&	CCONJ
ajfa-5431	51	23	accounting	accounting	PROPN
ajfa-5431	51	24	issn	issn	PROPN
ajfa-5431	51	25	1946	1946	NUM
ajfa-5431	51	26	-	-	PUNCT
ajfa-5431	51	27	052x	052x	PROPN
ajfa-5431	51	28	2014	2014	NUM
ajfa-5431	51	29	,	,	PUNCT
ajfa-5431	51	30	vol	vol	NOUN
ajfa-5431	51	31	.	.	PROPN
ajfa-5431	51	32	6	6	NUM
ajfa-5431	51	33	,	,	PUNCT
ajfa-5431	51	34	no	no	INTJ
ajfa-5431	51	35	.	.	NOUN
ajfa-5431	51	36	1	1	NUM
ajfa-5431	51	37	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5431	51	38	309	309	NUM
ajfa-5431	51	39	immediate	immediate	ADJ
ajfa-5431	51	40	years	year	NOUN
ajfa-5431	51	41	after	after	SCONJ
ajfa-5431	51	42	the	the	DET
ajfa-5431	51	43	issuance	issuance	NOUN
ajfa-5431	51	44	of	of	ADP
ajfa-5431	51	45	going	go	VERB
ajfa-5431	51	46	concern	concern	NOUN
ajfa-5431	51	47	suspect	suspect	VERB
ajfa-5431	51	48	,	,	PUNCT
ajfa-5431	51	49	but	but	CCONJ
ajfa-5431	51	50	the	the	DET
ajfa-5431	51	51	actual	actual	ADJ
ajfa-5431	51	52	process	process	NOUN
ajfa-5431	51	53	for	for	SCONJ
ajfa-5431	51	54	a	a	DET
ajfa-5431	51	55	company	company	NOUN
ajfa-5431	51	56	to	to	PART
ajfa-5431	51	57	go	go	VERB
ajfa-5431	51	58	from	from	ADP
ajfa-5431	51	59	normal	normal	ADJ
ajfa-5431	51	60	operations	operation	NOUN
ajfa-5431	51	61	to	to	PART
ajfa-5431	51	62	company	company	NOUN
ajfa-5431	51	63	failure	failure	NOUN
ajfa-5431	51	64	is	be	AUX
ajfa-5431	51	65	much	much	ADV
ajfa-5431	51	66	more	more	ADV
ajfa-5431	51	67	complex	complex	ADJ
ajfa-5431	51	68	.	.	PUNCT
ajfa-5431	52	1	there	there	PRON
ajfa-5431	52	2	are	be	VERB
ajfa-5431	52	3	many	many	ADJ
ajfa-5431	52	4	influential	influential	ADJ
ajfa-5431	52	5	factors	factor	NOUN
ajfa-5431	52	6	to	to	ADP
ajfa-5431	52	7	bankruptcy	bankruptcy	NOUN
ajfa-5431	52	8	.	.	PUNCT
ajfa-5431	53	1	it	it	PRON
ajfa-5431	53	2	is	be	AUX
ajfa-5431	53	3	not	not	PART
ajfa-5431	53	4	thoughtful	thoughtful	ADJ
ajfa-5431	53	5	thinking	thinking	NOUN
ajfa-5431	53	6	to	to	PART
ajfa-5431	53	7	judge	judge	VERB
ajfa-5431	53	8	audit	audit	NOUN
ajfa-5431	53	9	rationality	rationality	NOUN
ajfa-5431	53	10	by	by	ADP
ajfa-5431	53	11	merely	merely	ADV
ajfa-5431	53	12	looking	look	VERB
ajfa-5431	53	13	at	at	ADP
ajfa-5431	53	14	company	company	NOUN
ajfa-5431	53	15	failure	failure	NOUN
ajfa-5431	53	16	after	after	ADP
ajfa-5431	53	17	going	go	VERB
ajfa-5431	53	18	concern	concern	NOUN
ajfa-5431	53	19	has	have	AUX
ajfa-5431	53	20	been	be	AUX
ajfa-5431	53	21	issued	issue	VERB
ajfa-5431	53	22	,	,	PUNCT
ajfa-5431	53	23	because	because	SCONJ
ajfa-5431	53	24	the	the	DET
ajfa-5431	53	25	effect	effect	NOUN
ajfa-5431	53	26	of	of	ADP
ajfa-5431	53	27	this	this	DET
ajfa-5431	53	28	issuance	issuance	NOUN
ajfa-5431	53	29	is	be	AUX
ajfa-5431	53	30	not	not	PART
ajfa-5431	53	31	only	only	ADV
ajfa-5431	53	32	restricted	restrict	VERB
ajfa-5431	53	33	to	to	ADP
ajfa-5431	53	34	the	the	DET
ajfa-5431	53	35	immediate	immediate	ADJ
ajfa-5431	53	36	years	year	NOUN
ajfa-5431	53	37	following	follow	VERB
ajfa-5431	53	38	the	the	DET
ajfa-5431	53	39	issuance	issuance	NOUN
ajfa-5431	53	40	,	,	PUNCT
ajfa-5431	53	41	but	but	CCONJ
ajfa-5431	53	42	might	might	AUX
ajfa-5431	53	43	also	also	ADV
ajfa-5431	53	44	have	have	VERB
ajfa-5431	53	45	a	a	DET
ajfa-5431	53	46	lag	lag	NOUN
ajfa-5431	53	47	effect	effect	NOUN
ajfa-5431	53	48	.	.	PUNCT
ajfa-5431	54	1	therefore	therefore	ADV
ajfa-5431	54	2	one	one	PRON
ajfa-5431	54	3	should	should	AUX
ajfa-5431	54	4	probe	probe	VERB
ajfa-5431	54	5	further	far	ADV
ajfa-5431	54	6	into	into	ADP
ajfa-5431	54	7	resulting	result	VERB
ajfa-5431	54	8	changes	change	NOUN
ajfa-5431	54	9	reflected	reflect	VERB
ajfa-5431	54	10	upon	upon	SCONJ
ajfa-5431	54	11	the	the	DET
ajfa-5431	54	12	lapse	lapse	NOUN
ajfa-5431	54	13	of	of	ADP
ajfa-5431	54	14	time	time	NOUN
ajfa-5431	54	15	.	.	PUNCT
ajfa-5431	55	1	besides	besides	SCONJ
ajfa-5431	55	2	,	,	PUNCT
ajfa-5431	55	3	the	the	DET
ajfa-5431	55	4	measurement	measurement	NOUN
ajfa-5431	55	5	standard	standard	NOUN
ajfa-5431	55	6	of	of	ADP
ajfa-5431	55	7	percentage	percentage	NOUN
ajfa-5431	55	8	approach	approach	NOUN
ajfa-5431	55	9	to	to	PART
ajfa-5431	55	10	evaluate	evaluate	VERB
ajfa-5431	55	11	self	self	NOUN
ajfa-5431	55	12	fulfilling	fulfil	VERB
ajfa-5431	55	13	prophecy	prophecy	NOUN
ajfa-5431	55	14	is	be	AUX
ajfa-5431	55	15	not	not	PART
ajfa-5431	55	16	quite	quite	ADV
ajfa-5431	55	17	objective	objective	ADJ
ajfa-5431	55	18	,	,	PUNCT
ajfa-5431	55	19	hence	hence	ADV
ajfa-5431	55	20	more	more	ADV
ajfa-5431	55	21	objective	objective	ADJ
ajfa-5431	55	22	indications	indication	NOUN
ajfa-5431	55	23	should	should	AUX
ajfa-5431	55	24	be	be	AUX
ajfa-5431	55	25	identified	identify	VERB
ajfa-5431	55	26	.	.	PUNCT
ajfa-5431	56	1	zhang	zhang	PROPN
ajfa-5431	56	2	and	and	CCONJ
ajfa-5431	56	3	suzanne	suzanne	PROPN
ajfa-5431	56	4	(	(	PUNCT
ajfa-5431	56	5	1997	1997	NUM
ajfa-5431	56	6	)	)	PUNCT
ajfa-5431	56	7	suggested	suggest	VERB
ajfa-5431	56	8	adopting	adopt	VERB
ajfa-5431	56	9	survival	survival	NOUN
ajfa-5431	56	10	analysis	analysis	NOUN
ajfa-5431	56	11	model	model	NOUN
ajfa-5431	56	12	to	to	PART
ajfa-5431	56	13	measure	measure	VERB
ajfa-5431	56	14	with	with	ADP
ajfa-5431	56	15	more	more	ADJ
ajfa-5431	56	16	confidence	confidence	NOUN
ajfa-5431	56	17	.	.	PUNCT
ajfa-5431	57	1	to	to	ADP
ajfa-5431	57	2	the	the	DET
ajfa-5431	57	3	factors	factor	NOUN
ajfa-5431	57	4	of	of	ADP
ajfa-5431	57	5	business	business	NOUN
ajfa-5431	57	6	failure	failure	NOUN
ajfa-5431	57	7	,	,	PUNCT
ajfa-5431	57	8	kesner	kesner	NOUN
ajfa-5431	57	9	(	(	PUNCT
ajfa-5431	57	10	1987	1987	NUM
ajfa-5431	57	11	)	)	PUNCT
ajfa-5431	57	12	and	and	CCONJ
ajfa-5431	57	13	mcconnell	mcconnell	PROPN
ajfa-5431	57	14	and	and	CCONJ
ajfa-5431	57	15	servaes	servaes	PROPN
ajfa-5431	57	16	(	(	PUNCT
ajfa-5431	57	17	1990	1990	NUM
ajfa-5431	57	18	)	)	PUNCT
ajfa-5431	57	19	indicated	indicate	VERB
ajfa-5431	57	20	that	that	SCONJ
ajfa-5431	57	21	equity	equity	NOUN
ajfa-5431	57	22	ownership	ownership	NOUN
ajfa-5431	57	23	positively	positively	ADV
ajfa-5431	57	24	relates	relate	VERB
ajfa-5431	57	25	to	to	ADP
ajfa-5431	57	26	firm	firm	ADJ
ajfa-5431	57	27	performance	performance	NOUN
ajfa-5431	57	28	.	.	PUNCT
ajfa-5431	58	1	when	when	SCONJ
ajfa-5431	58	2	accountants	accountant	NOUN
ajfa-5431	58	3	have	have	AUX
ajfa-5431	58	4	going	go	VERB
ajfa-5431	58	5	concern	concern	NOUN
ajfa-5431	58	6	suspect	suspect	NOUN
ajfa-5431	58	7	,	,	PUNCT
ajfa-5431	58	8	they	they	PRON
ajfa-5431	58	9	can	can	AUX
ajfa-5431	58	10	change	change	VERB
ajfa-5431	58	11	their	their	PRON
ajfa-5431	58	12	reports	report	NOUN
ajfa-5431	58	13	to	to	ADP
ajfa-5431	58	14	“	"	PUNCT
ajfa-5431	58	15	modified	modify	VERB
ajfa-5431	58	16	unqualified	unqualified	ADJ
ajfa-5431	58	17	opinion	opinion	NOUN
ajfa-5431	58	18	”	"	PUNCT
ajfa-5431	58	19	from	from	ADP
ajfa-5431	58	20	“	"	PUNCT
ajfa-5431	58	21	qualified	qualified	ADJ
ajfa-5431	58	22	opinion	opinion	NOUN
ajfa-5431	58	23	”	"	PUNCT
ajfa-5431	58	24	.	.	PUNCT
ajfa-5431	59	1	with	with	ADP
ajfa-5431	59	2	the	the	DET
ajfa-5431	59	3	announcement	announcement	NOUN
ajfa-5431	59	4	of	of	ADP
ajfa-5431	59	5	no	no	NOUN
ajfa-5431	59	6	.	.	PROPN
ajfa-5431	59	7	33	33	NUM
ajfa-5431	59	8	bulletin	bulletin	NOUN
ajfa-5431	59	9	,	,	PUNCT
ajfa-5431	59	10	it	it	PRON
ajfa-5431	59	11	allowed	allow	VERB
ajfa-5431	59	12	the	the	DET
ajfa-5431	59	13	accountants	accountant	NOUN
ajfa-5431	59	14	to	to	PART
ajfa-5431	59	15	apply	apply	VERB
ajfa-5431	59	16	more	more	ADJ
ajfa-5431	59	17	graceful	graceful	ADJ
ajfa-5431	59	18	standards	standard	NOUN
ajfa-5431	59	19	when	when	SCONJ
ajfa-5431	59	20	issuing	issue	VERB
ajfa-5431	59	21	going	go	VERB
ajfa-5431	59	22	concern	concern	NOUN
ajfa-5431	59	23	suspect	suspect	VERB
ajfa-5431	59	24	reports	report	NOUN
ajfa-5431	59	25	to	to	ADP
ajfa-5431	59	26	companies	company	NOUN
ajfa-5431	59	27	.	.	PUNCT
ajfa-5431	60	1	the	the	DET
ajfa-5431	60	2	rate	rate	NOUN
ajfa-5431	60	3	of	of	ADP
ajfa-5431	60	4	company	company	NOUN
ajfa-5431	60	5	failure	failure	NOUN
ajfa-5431	60	6	announced	announce	VERB
ajfa-5431	60	7	after	after	SCONJ
ajfa-5431	60	8	no.33	no.33	ADJ
ajfa-5431	60	9	bulletin	bulletin	NOUN
ajfa-5431	60	10	should	should	AUX
ajfa-5431	60	11	be	be	AUX
ajfa-5431	60	12	lower	low	ADJ
ajfa-5431	60	13	than	than	ADP
ajfa-5431	60	14	companies	company	NOUN
ajfa-5431	60	15	that	that	PRON
ajfa-5431	60	16	have	have	AUX
ajfa-5431	60	17	been	be	AUX
ajfa-5431	60	18	issued	issue	VERB
ajfa-5431	60	19	with	with	ADP
ajfa-5431	60	20	going	go	VERB
ajfa-5431	60	21	concern	concern	NOUN
ajfa-5431	60	22	prior	prior	ADV
ajfa-5431	60	23	to	to	ADP
ajfa-5431	60	24	the	the	DET
ajfa-5431	60	25	bulletin	bulletin	NOUN
ajfa-5431	60	26	.	.	PUNCT
ajfa-5431	61	1	with	with	ADP
ajfa-5431	61	2	this	this	DET
ajfa-5431	61	3	influential	influential	ADJ
ajfa-5431	61	4	factor	factor	NOUN
ajfa-5431	61	5	in	in	ADP
ajfa-5431	61	6	mind	mind	NOUN
ajfa-5431	61	7	,	,	PUNCT
ajfa-5431	61	8	a	a	DET
ajfa-5431	61	9	dummy	dummy	ADJ
ajfa-5431	61	10	variable	variable	NOUN
ajfa-5431	61	11	is	be	AUX
ajfa-5431	61	12	set	set	VERB
ajfa-5431	61	13	.	.	PUNCT
ajfa-5431	62	1	after	after	ADP
ajfa-5431	62	2	the	the	DET
ajfa-5431	62	3	announcement	announcement	NOUN
ajfa-5431	62	4	of	of	ADP
ajfa-5431	62	5	no.33	no.33	PROPN
ajfa-5431	62	6	bulletin	bulletin	NOUN
ajfa-5431	62	7	is	be	AUX
ajfa-5431	62	8	1	1	NUM
ajfa-5431	62	9	and	and	CCONJ
ajfa-5431	62	10	before	before	SCONJ
ajfa-5431	62	11	this	this	DET
ajfa-5431	62	12	period	period	NOUN
ajfa-5431	62	13	is	be	AUX
ajfa-5431	62	14	0	0	NUM
ajfa-5431	62	15	,	,	PUNCT
ajfa-5431	62	16	to	to	PART
ajfa-5431	62	17	control	control	VERB
ajfa-5431	62	18	the	the	DET
ajfa-5431	62	19	effect	effect	NOUN
ajfa-5431	62	20	of	of	ADP
ajfa-5431	62	21	no.33	no.33	PROPN
ajfa-5431	62	22	bulletin	bulletin	NOUN
ajfa-5431	62	23	.	.	PUNCT
ajfa-5431	63	1	bandopadhyaya	bandopadhyaya	NOUN
ajfa-5431	63	2	and	and	CCONJ
ajfa-5431	63	3	jaggia	jaggia	ADJ
ajfa-5431	63	4	(	(	PUNCT
ajfa-5431	63	5	2001	2001	NUM
ajfa-5431	63	6	)	)	PUNCT
ajfa-5431	63	7	used	use	VERB
ajfa-5431	63	8	split	split	ADJ
ajfa-5431	63	9	population	population	NOUN
ajfa-5431	63	10	duration	duration	NOUN
ajfa-5431	63	11	model	model	NOUN
ajfa-5431	63	12	to	to	PART
ajfa-5431	63	13	investigate	investigate	VERB
ajfa-5431	63	14	bankrupted	bankrupt	VERB
ajfa-5431	63	15	companies	company	NOUN
ajfa-5431	63	16	where	where	SCONJ
ajfa-5431	63	17	after	after	ADP
ajfa-5431	63	18	restructure	restructure	NOUN
ajfa-5431	63	19	,	,	PUNCT
ajfa-5431	63	20	the	the	DET
ajfa-5431	63	21	time	time	NOUN
ajfa-5431	63	22	it	it	PRON
ajfa-5431	63	23	will	will	AUX
ajfa-5431	63	24	take	take	VERB
ajfa-5431	63	25	for	for	SCONJ
ajfa-5431	63	26	these	these	DET
ajfa-5431	63	27	companies	company	NOUN
ajfa-5431	63	28	to	to	PART
ajfa-5431	63	29	go	go	VERB
ajfa-5431	63	30	broke	break	VERB
ajfa-5431	63	31	again	again	ADV
ajfa-5431	63	32	and	and	CCONJ
ajfa-5431	63	33	what	what	PRON
ajfa-5431	63	34	are	be	AUX
ajfa-5431	63	35	the	the	DET
ajfa-5431	63	36	influential	influential	ADJ
ajfa-5431	63	37	factors	factor	NOUN
ajfa-5431	63	38	in	in	ADP
ajfa-5431	63	39	the	the	DET
ajfa-5431	63	40	2nd	2nd	ADJ
ajfa-5431	63	41	bankruptcy	bankruptcy	NOUN
ajfa-5431	63	42	.	.	PUNCT
ajfa-5431	64	1	their	their	PRON
ajfa-5431	64	2	main	main	ADJ
ajfa-5431	64	3	concern	concern	NOUN
ajfa-5431	64	4	was	be	AUX
ajfa-5431	64	5	that	that	PRON
ajfa-5431	64	6	re	re	ADJ
ajfa-5431	64	7	-	-	ADJ
ajfa-5431	64	8	bankrupt	bankrupt	ADJ
ajfa-5431	64	9	rate	rate	NOUN
ajfa-5431	64	10	is	be	AUX
ajfa-5431	64	11	not	not	PART
ajfa-5431	64	12	equal	equal	ADJ
ajfa-5431	64	13	to	to	ADP
ajfa-5431	64	14	1	1	NUM
ajfa-5431	64	15	,	,	PUNCT
ajfa-5431	64	16	which	which	PRON
ajfa-5431	64	17	matched	match	VERB
ajfa-5431	64	18	the	the	DET
ajfa-5431	64	19	actual	actual	ADJ
ajfa-5431	64	20	scenario	scenario	NOUN
ajfa-5431	64	21	,	,	PUNCT
ajfa-5431	64	22	but	but	CCONJ
ajfa-5431	64	23	they	they	PRON
ajfa-5431	64	24	did	do	AUX
ajfa-5431	64	25	not	not	PART
ajfa-5431	64	26	explain	explain	VERB
ajfa-5431	64	27	the	the	DET
ajfa-5431	64	28	process	process	NOUN
ajfa-5431	64	29	of	of	ADP
ajfa-5431	64	30	choosing	choose	VERB
ajfa-5431	64	31	log	log	NOUN
ajfa-5431	64	32	-	-	PUNCT
ajfa-5431	64	33	logistic	logistic	ADJ
ajfa-5431	64	34	correction	correction	NOUN
ajfa-5431	64	35	model	model	NOUN
ajfa-5431	64	36	.	.	PUNCT
ajfa-5431	65	1	one	one	PRON
ajfa-5431	65	2	must	must	AUX
ajfa-5431	65	3	note	note	VERB
ajfa-5431	65	4	that	that	PRON
ajfa-5431	65	5	researches	research	VERB
ajfa-5431	65	6	on	on	ADP
ajfa-5431	65	7	the	the	DET
ajfa-5431	65	8	above	above	ADJ
ajfa-5431	65	9	survival	survival	NOUN
ajfa-5431	65	10	analysis	analysis	NOUN
ajfa-5431	65	11	model	model	NOUN
ajfa-5431	65	12	did	do	AUX
ajfa-5431	65	13	not	not	PART
ajfa-5431	65	14	explain	explain	VERB
ajfa-5431	65	15	thoroughly	thoroughly	ADV
ajfa-5431	65	16	the	the	DET
ajfa-5431	65	17	model	model	NOUN
ajfa-5431	65	18	selection	selection	NOUN
ajfa-5431	65	19	process	process	NOUN
ajfa-5431	65	20	.	.	PUNCT
ajfa-5431	66	1	if	if	SCONJ
ajfa-5431	66	2	the	the	DET
ajfa-5431	66	3	model	model	NOUN
ajfa-5431	66	4	used	use	VERB
ajfa-5431	66	5	in	in	ADP
ajfa-5431	66	6	the	the	DET
ajfa-5431	66	7	above	above	ADJ
ajfa-5431	66	8	research	research	NOUN
ajfa-5431	66	9	is	be	AUX
ajfa-5431	66	10	applied	apply	VERB
ajfa-5431	66	11	as	as	ADP
ajfa-5431	66	12	direct	direct	ADJ
ajfa-5431	66	13	quote	quote	NOUN
ajfa-5431	66	14	,	,	PUNCT
ajfa-5431	66	15	the	the	DET
ajfa-5431	66	16	analytical	analytical	ADJ
ajfa-5431	66	17	deviation	deviation	NOUN
ajfa-5431	66	18	errors	error	NOUN
ajfa-5431	66	19	are	be	AUX
ajfa-5431	66	20	likely	likely	ADJ
ajfa-5431	66	21	to	to	PART
ajfa-5431	66	22	happen	happen	VERB
ajfa-5431	66	23	due	due	ADP
ajfa-5431	66	24	to	to	ADP
ajfa-5431	66	25	different	different	ADJ
ajfa-5431	66	26	study	study	NOUN
ajfa-5431	66	27	purpose	purpose	NOUN
ajfa-5431	66	28	and	and	CCONJ
ajfa-5431	66	29	objects	object	NOUN
ajfa-5431	66	30	.	.	PUNCT
ajfa-5431	67	1	3	3	X
ajfa-5431	67	2	.	.	X
ajfa-5431	67	3	analysis	analysis	NOUN
ajfa-5431	67	4	model	model	NOUN
ajfa-5431	67	5	due	due	ADP
ajfa-5431	67	6	to	to	ADP
ajfa-5431	67	7	most	most	ADJ
ajfa-5431	67	8	studies	study	NOUN
ajfa-5431	67	9	adopted	adopt	VERB
ajfa-5431	67	10	the	the	DET
ajfa-5431	67	11	choice	choice	NOUN
ajfa-5431	67	12	model	model	NOUN
ajfa-5431	67	13	to	to	PART
ajfa-5431	67	14	construct	construct	VERB
ajfa-5431	67	15	financial	financial	ADJ
ajfa-5431	67	16	difficulty	difficulty	NOUN
ajfa-5431	67	17	forecast	forecast	NOUN
ajfa-5431	67	18	models	model	NOUN
ajfa-5431	67	19	,	,	PUNCT
ajfa-5431	67	20	it	it	PRON
ajfa-5431	67	21	was	be	AUX
ajfa-5431	67	22	limited	limit	VERB
ajfa-5431	67	23	in	in	ADP
ajfa-5431	67	24	such	such	DET
ajfa-5431	67	25	a	a	DET
ajfa-5431	67	26	way	way	NOUN
ajfa-5431	67	27	that	that	PRON
ajfa-5431	67	28	it	it	PRON
ajfa-5431	67	29	only	only	ADV
ajfa-5431	67	30	measured	measure	VERB
ajfa-5431	67	31	the	the	DET
ajfa-5431	67	32	corporation	corporation	NOUN
ajfa-5431	67	33	’s	’s	PART
ajfa-5431	67	34	greatest	great	ADJ
ajfa-5431	67	35	possibility	possibility	NOUN
ajfa-5431	67	36	to	to	PART
ajfa-5431	67	37	fail	fail	VERB
ajfa-5431	67	38	in	in	ADP
ajfa-5431	67	39	a	a	DET
ajfa-5431	67	40	specific	specific	ADJ
ajfa-5431	67	41	point	point	NOUN
ajfa-5431	67	42	in	in	ADP
ajfa-5431	67	43	time	time	NOUN
ajfa-5431	67	44	,	,	PUNCT
ajfa-5431	67	45	in	in	ADP
ajfa-5431	67	46	other	other	ADJ
ajfa-5431	67	47	words	word	NOUN
ajfa-5431	67	48	,	,	PUNCT
ajfa-5431	67	49	it	it	PRON
ajfa-5431	67	50	is	be	AUX
ajfa-5431	67	51	a	a	DET
ajfa-5431	67	52	static	static	ADJ
ajfa-5431	67	53	analysis	analysis	NOUN
ajfa-5431	67	54	.	.	PUNCT
ajfa-5431	68	1	this	this	DET
ajfa-5431	68	2	type	type	NOUN
ajfa-5431	68	3	of	of	ADP
ajfa-5431	68	4	analysis	analysis	NOUN
ajfa-5431	68	5	only	only	ADV
ajfa-5431	68	6	evaluated	evaluate	VERB
ajfa-5431	68	7	greatest	great	ADJ
ajfa-5431	68	8	risk	risk	NOUN
ajfa-5431	68	9	of	of	ADP
ajfa-5431	68	10	delist	delist	NOUN
ajfa-5431	68	11	in	in	ADP
ajfa-5431	68	12	a	a	DET
ajfa-5431	68	13	certain	certain	ADJ
ajfa-5431	68	14	time	time	NOUN
ajfa-5431	68	15	frame	frame	NOUN
ajfa-5431	68	16	.	.	PUNCT
ajfa-5431	69	1	it	it	PRON
ajfa-5431	69	2	was	be	AUX
ajfa-5431	69	3	not	not	PART
ajfa-5431	69	4	able	able	ADJ
ajfa-5431	69	5	to	to	PART
ajfa-5431	69	6	depict	depict	VERB
ajfa-5431	69	7	the	the	DET
ajfa-5431	69	8	survival	survival	NOUN
ajfa-5431	69	9	duration	duration	NOUN
ajfa-5431	69	10	so	so	ADV
ajfa-5431	69	11	consequently	consequently	ADV
ajfa-5431	69	12	the	the	DET
ajfa-5431	69	13	right	right	ADJ
ajfa-5431	69	14	timing	timing	NOUN
ajfa-5431	69	15	to	to	PART
ajfa-5431	69	16	prevent	prevent	VERB
ajfa-5431	69	17	and	and	CCONJ
ajfa-5431	69	18	handle	handle	VERB
ajfa-5431	69	19	financial	financial	ADJ
ajfa-5431	69	20	crisis	crisis	NOUN
ajfa-5431	69	21	is	be	AUX
ajfa-5431	69	22	lost	lose	VERB
ajfa-5431	69	23	.	.	PUNCT
ajfa-5431	70	1	crucial	crucial	ADJ
ajfa-5431	70	2	factors	factor	NOUN
ajfa-5431	70	3	such	such	ADJ
ajfa-5431	70	4	as	as	ADP
ajfa-5431	70	5	delist	delist	ADJ
ajfa-5431	70	6	time	time	NOUN
ajfa-5431	70	7	after	after	ADP
ajfa-5431	70	8	financial	financial	ADJ
ajfa-5431	70	9	alerts	alert	NOUN
ajfa-5431	70	10	,	,	PUNCT
ajfa-5431	70	11	delist	delist	ADJ
ajfa-5431	70	12	risk	risk	NOUN
ajfa-5431	70	13	and	and	CCONJ
ajfa-5431	70	14	average	average	ADJ
ajfa-5431	70	15	survival	survival	NOUN
ajfa-5431	70	16	periods	period	NOUN
ajfa-5431	70	17	are	be	AUX
ajfa-5431	70	18	all	all	PRON
ajfa-5431	70	19	decision	decision	NOUN
ajfa-5431	70	20	making	make	VERB
ajfa-5431	70	21	references	reference	NOUN
ajfa-5431	70	22	which	which	PRON
ajfa-5431	70	23	were	be	AUX
ajfa-5431	70	24	not	not	PART
ajfa-5431	70	25	shown	show	VERB
ajfa-5431	70	26	in	in	ADP
ajfa-5431	70	27	choice	choice	NOUN
ajfa-5431	70	28	model	model	NOUN
ajfa-5431	70	29	.	.	PUNCT
ajfa-5431	71	1	therefore	therefore	ADV
ajfa-5431	71	2	this	this	DET
ajfa-5431	71	3	study	study	NOUN
ajfa-5431	71	4	adopts	adopt	VERB
ajfa-5431	71	5	survival	survival	NOUN
ajfa-5431	71	6	analysis	analysis	NOUN
ajfa-5431	71	7	to	to	PART
ajfa-5431	71	8	investigate	investigate	VERB
ajfa-5431	71	9	what	what	DET
ajfa-5431	71	10	factors	factor	NOUN
ajfa-5431	71	11	affect	affect	VERB
ajfa-5431	71	12	firms	firm	NOUN
ajfa-5431	71	13	’	’	PART
ajfa-5431	71	14	delist	delist	NOUN
ajfa-5431	71	15	and	and	CCONJ
ajfa-5431	71	16	survival	survival	NOUN
ajfa-5431	71	17	period	period	NOUN
ajfa-5431	71	18	as	as	ADV
ajfa-5431	71	19	well	well	ADV
ajfa-5431	71	20	as	as	ADV
ajfa-5431	71	21	select	select	VERB
ajfa-5431	71	22	a	a	DET
ajfa-5431	71	23	model	model	NOUN
ajfa-5431	71	24	to	to	PART
ajfa-5431	71	25	best	good	ADJ
ajfa-5431	71	26	fit	fit	ADJ
ajfa-5431	71	27	study	study	NOUN
ajfa-5431	71	28	data	datum	NOUN
ajfa-5431	71	29	.	.	PUNCT
ajfa-5431	72	1	due	due	ADP
ajfa-5431	72	2	to	to	ADP
ajfa-5431	72	3	the	the	DET
ajfa-5431	72	4	fact	fact	NOUN
ajfa-5431	72	5	that	that	SCONJ
ajfa-5431	72	6	delist	delist	NOUN
ajfa-5431	72	7	might	might	AUX
ajfa-5431	72	8	happen	happen	VERB
ajfa-5431	72	9	after	after	ADP
ajfa-5431	72	10	the	the	DET
ajfa-5431	72	11	observe	observe	ADJ
ajfa-5431	72	12	period	period	NOUN
ajfa-5431	72	13	,	,	PUNCT
ajfa-5431	72	14	referred	refer	VERB
ajfa-5431	72	15	to	to	ADP
ajfa-5431	72	16	as	as	ADP
ajfa-5431	72	17	censored	censor	VERB
ajfa-5431	72	18	data	datum	NOUN
ajfa-5431	72	19	,	,	PUNCT
ajfa-5431	72	20	this	this	PRON
ajfa-5431	72	21	will	will	AUX
ajfa-5431	72	22	create	create	VERB
ajfa-5431	72	23	incomplete	incomplete	ADJ
ajfa-5431	72	24	information	information	NOUN
ajfa-5431	72	25	on	on	ADP
ajfa-5431	72	26	whether	whether	SCONJ
ajfa-5431	72	27	the	the	DET
ajfa-5431	72	28	incident	incident	NOUN
ajfa-5431	72	29	happened	happen	VERB
ajfa-5431	72	30	or	or	CCONJ
ajfa-5431	72	31	not	not	PART
ajfa-5431	72	32	.	.	PUNCT
ajfa-5431	73	1	if	if	SCONJ
ajfa-5431	73	2	hypothesised	hypothesised	ADJ
ajfa-5431	73	3	incident	incident	NOUN
ajfa-5431	73	4	did	do	AUX
ajfa-5431	73	5	not	not	PART
ajfa-5431	73	6	happen	happen	VERB
ajfa-5431	73	7	in	in	ADP
ajfa-5431	73	8	the	the	DET
ajfa-5431	73	9	future	future	NOUN
ajfa-5431	73	10	,	,	PUNCT
ajfa-5431	73	11	then	then	ADV
ajfa-5431	73	12	the	the	DET
ajfa-5431	73	13	analysis	analysis	NOUN
ajfa-5431	73	14	will	will	AUX
ajfa-5431	73	15	be	be	AUX
ajfa-5431	73	16	biased	bias	VERB
ajfa-5431	73	17	.	.	PUNCT
ajfa-5431	74	1	in	in	ADP
ajfa-5431	74	2	order	order	NOUN
ajfa-5431	74	3	to	to	PART
ajfa-5431	74	4	solve	solve	VERB
ajfa-5431	74	5	this	this	DET
ajfa-5431	74	6	analytical	analytical	ADJ
ajfa-5431	74	7	deviation	deviation	NOUN
ajfa-5431	74	8	error	error	NOUN
ajfa-5431	74	9	,	,	PUNCT
ajfa-5431	74	10	this	this	DET
ajfa-5431	74	11	study	study	NOUN
ajfa-5431	74	12	uses	use	VERB
ajfa-5431	74	13	survival	survival	NOUN
ajfa-5431	74	14	analysis	analysis	NOUN
ajfa-5431	74	15	method	method	NOUN
ajfa-5431	74	16	instead	instead	ADV
ajfa-5431	74	17	of	of	ADP
ajfa-5431	74	18	traditional	traditional	ADJ
ajfa-5431	74	19	choice	choice	NOUN
ajfa-5431	74	20	model	model	NOUN
ajfa-5431	74	21	.	.	PUNCT
ajfa-5431	75	1	asian	asian	ADJ
ajfa-5431	75	2	journal	journal	PROPN
ajfa-5431	75	3	of	of	ADP
ajfa-5431	75	4	finance	finance	PROPN
ajfa-5431	75	5	&	&	CCONJ
ajfa-5431	75	6	accounting	accounting	PROPN
ajfa-5431	75	7	issn	issn	PROPN
ajfa-5431	75	8	1946	1946	NUM
ajfa-5431	75	9	-	-	PUNCT
ajfa-5431	75	10	052x	052x	PROPN
ajfa-5431	75	11	2014	2014	NUM
ajfa-5431	75	12	,	,	PUNCT
ajfa-5431	75	13	vol	vol	NOUN
ajfa-5431	75	14	.	.	PROPN
ajfa-5431	76	1	6	6	NUM
ajfa-5431	76	2	,	,	PUNCT
ajfa-5431	76	3	no	no	INTJ
ajfa-5431	76	4	.	.	NOUN
ajfa-5431	76	5	1	1	NUM
ajfa-5431	76	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5431	76	7	310	310	NUM
ajfa-5431	76	8	general	general	ADJ
ajfa-5431	76	9	survival	survival	NOUN
ajfa-5431	76	10	analysis	analysis	NOUN
ajfa-5431	76	11	models	model	NOUN
ajfa-5431	76	12	assumed	assume	VERB
ajfa-5431	76	13	that	that	SCONJ
ajfa-5431	76	14	companies	company	NOUN
ajfa-5431	76	15	will	will	AUX
ajfa-5431	76	16	fail	fail	VERB
ajfa-5431	76	17	at	at	ADP
ajfa-5431	76	18	the	the	DET
ajfa-5431	76	19	end	end	NOUN
ajfa-5431	76	20	,	,	PUNCT
ajfa-5431	76	21	this	this	PRON
ajfa-5431	76	22	does	do	AUX
ajfa-5431	76	23	not	not	PART
ajfa-5431	76	24	coincide	coincide	VERB
ajfa-5431	76	25	with	with	ADP
ajfa-5431	76	26	the	the	DET
ajfa-5431	76	27	fact	fact	NOUN
ajfa-5431	76	28	that	that	SCONJ
ajfa-5431	76	29	most	most	ADJ
ajfa-5431	76	30	corporations	corporation	NOUN
ajfa-5431	76	31	have	have	AUX
ajfa-5431	76	32	continued	continue	VERB
ajfa-5431	76	33	their	their	PRON
ajfa-5431	76	34	operations	operation	NOUN
ajfa-5431	76	35	in	in	ADP
ajfa-5431	76	36	real	real	ADJ
ajfa-5431	76	37	life	life	NOUN
ajfa-5431	76	38	scenarios	scenario	NOUN
ajfa-5431	76	39	.	.	PUNCT
ajfa-5431	77	1	if	if	SCONJ
ajfa-5431	77	2	we	we	PRON
ajfa-5431	77	3	chose	choose	VERB
ajfa-5431	77	4	to	to	PART
ajfa-5431	77	5	use	use	VERB
ajfa-5431	77	6	the	the	DET
ajfa-5431	77	7	model	model	NOUN
ajfa-5431	77	8	that	that	PRON
ajfa-5431	77	9	assumed	assume	VERB
ajfa-5431	77	10	failure	failure	NOUN
ajfa-5431	77	11	at	at	ADP
ajfa-5431	77	12	the	the	DET
ajfa-5431	77	13	end	end	NOUN
ajfa-5431	77	14	to	to	PART
ajfa-5431	77	15	set	set	VERB
ajfa-5431	77	16	the	the	DET
ajfa-5431	77	17	parameters	parameter	NOUN
ajfa-5431	77	18	of	of	ADP
ajfa-5431	77	19	survival	survival	NOUN
ajfa-5431	77	20	analysis	analysis	NOUN
ajfa-5431	77	21	,	,	PUNCT
ajfa-5431	77	22	then	then	ADV
ajfa-5431	77	23	the	the	DET
ajfa-5431	77	24	numbers	number	NOUN
ajfa-5431	77	25	will	will	AUX
ajfa-5431	77	26	result	result	VERB
ajfa-5431	77	27	in	in	ADP
ajfa-5431	77	28	over	over	ADP
ajfa-5431	77	29	estimating	estimate	VERB
ajfa-5431	77	30	final	final	ADJ
ajfa-5431	77	31	failure	failure	NOUN
ajfa-5431	77	32	probability	probability	NOUN
ajfa-5431	77	33	.	.	PUNCT
ajfa-5431	78	1	therefore	therefore	ADV
ajfa-5431	78	2	,	,	PUNCT
ajfa-5431	78	3	this	this	DET
ajfa-5431	78	4	study	study	NOUN
ajfa-5431	78	5	used	use	VERB
ajfa-5431	78	6	split	split	VERB
ajfa-5431	78	7	population	population	NOUN
ajfa-5431	78	8	duration	duration	NOUN
ajfa-5431	78	9	model	model	NOUN
ajfa-5431	78	10	to	to	PART
ajfa-5431	78	11	estimate	estimate	VERB
ajfa-5431	78	12	the	the	DET
ajfa-5431	78	13	influential	influential	ADJ
ajfa-5431	78	14	factors	factor	NOUN
ajfa-5431	78	15	of	of	ADP
ajfa-5431	78	16	companies	company	NOUN
ajfa-5431	78	17	’	'	PUNCT
ajfa-5431	78	18	delist	delist	NOUN
ajfa-5431	78	19	.	.	PUNCT
ajfa-5431	79	1	the	the	DET
ajfa-5431	79	2	annunciation	annunciation	NOUN
ajfa-5431	79	3	of	of	ADP
ajfa-5431	79	4	audit	audit	NOUN
ajfa-5431	79	5	opinions	opinion	NOUN
ajfa-5431	79	6	and	and	CCONJ
ajfa-5431	79	7	company	company	NOUN
ajfa-5431	79	8	failures	failure	NOUN
ajfa-5431	79	9	have	have	AUX
ajfa-5431	79	10	been	be	AUX
ajfa-5431	79	11	linked	link	VERB
ajfa-5431	79	12	together	together	ADV
ajfa-5431	79	13	to	to	PART
ajfa-5431	79	14	create	create	VERB
ajfa-5431	79	15	a	a	DET
ajfa-5431	79	16	motion	motion	NOUN
ajfa-5431	79	17	process	process	NOUN
ajfa-5431	79	18	.	.	PUNCT
ajfa-5431	80	1	the	the	DET
ajfa-5431	80	2	purpose	purpose	NOUN
ajfa-5431	80	3	is	be	AUX
ajfa-5431	80	4	to	to	PART
ajfa-5431	80	5	investigate	investigate	VERB
ajfa-5431	80	6	the	the	DET
ajfa-5431	80	7	influential	influential	ADJ
ajfa-5431	80	8	factors	factor	NOUN
ajfa-5431	80	9	and	and	CCONJ
ajfa-5431	80	10	time	time	NOUN
ajfa-5431	80	11	frame	frame	NOUN
ajfa-5431	80	12	from	from	ADP
ajfa-5431	80	13	when	when	SCONJ
ajfa-5431	80	14	auditors	auditor	NOUN
ajfa-5431	80	15	reveal	reveal	VERB
ajfa-5431	80	16	their	their	PRON
ajfa-5431	80	17	opinions	opinion	NOUN
ajfa-5431	80	18	to	to	ADP
ajfa-5431	80	19	whether	whether	SCONJ
ajfa-5431	80	20	the	the	DET
ajfa-5431	80	21	companies	company	NOUN
ajfa-5431	80	22	will	will	AUX
ajfa-5431	80	23	survive	survive	VERB
ajfa-5431	80	24	or	or	CCONJ
ajfa-5431	80	25	fail	fail	VERB
ajfa-5431	80	26	at	at	ADP
ajfa-5431	80	27	the	the	DET
ajfa-5431	80	28	end	end	NOUN
ajfa-5431	80	29	.	.	PUNCT
ajfa-5431	81	1	investigations	investigation	NOUN
ajfa-5431	81	2	also	also	ADV
ajfa-5431	81	3	include	include	VERB
ajfa-5431	81	4	listed	list	VERB
ajfa-5431	81	5	companies	company	NOUN
ajfa-5431	81	6	’	'	PUNCT
ajfa-5431	81	7	length	length	NOUN
ajfa-5431	81	8	of	of	ADP
ajfa-5431	81	9	most	most	ADJ
ajfa-5431	81	10	risk	risk	NOUN
ajfa-5431	81	11	to	to	ADP
ajfa-5431	81	12	delist	delist	NOUN
ajfa-5431	81	13	,	,	PUNCT
ajfa-5431	81	14	the	the	DET
ajfa-5431	81	15	probability	probability	NOUN
ajfa-5431	81	16	of	of	ADP
ajfa-5431	81	17	delist	delist	NOUN
ajfa-5431	81	18	and	and	CCONJ
ajfa-5431	81	19	its	its	PRON
ajfa-5431	81	20	influential	influential	ADJ
ajfa-5431	81	21	factors	factor	NOUN
ajfa-5431	81	22	.	.	PUNCT
ajfa-5431	82	1	generally	generally	ADV
ajfa-5431	82	2	speaking	speak	VERB
ajfa-5431	82	3	,	,	PUNCT
ajfa-5431	82	4	economic	economic	ADJ
ajfa-5431	82	5	theories	theory	NOUN
ajfa-5431	82	6	alone	alone	ADV
ajfa-5431	82	7	do	do	AUX
ajfa-5431	82	8	not	not	PART
ajfa-5431	82	9	contribute	contribute	VERB
ajfa-5431	82	10	to	to	ADP
ajfa-5431	82	11	the	the	DET
ajfa-5431	82	12	fitness	fitness	NOUN
ajfa-5431	82	13	of	of	ADP
ajfa-5431	82	14	study	study	NOUN
ajfa-5431	82	15	data	datum	NOUN
ajfa-5431	82	16	distribution	distribution	NOUN
ajfa-5431	82	17	in	in	ADP
ajfa-5431	82	18	survival	survival	NOUN
ajfa-5431	82	19	analyses	analysis	NOUN
ajfa-5431	82	20	.	.	PUNCT
ajfa-5431	83	1	if	if	SCONJ
ajfa-5431	83	2	inappropriate	inappropriate	ADJ
ajfa-5431	83	3	literature	literature	NOUN
ajfa-5431	83	4	models	model	NOUN
ajfa-5431	83	5	are	be	AUX
ajfa-5431	83	6	used	use	VERB
ajfa-5431	83	7	,	,	PUNCT
ajfa-5431	83	8	it	it	PRON
ajfa-5431	83	9	will	will	AUX
ajfa-5431	83	10	lead	lead	VERB
ajfa-5431	83	11	to	to	ADP
ajfa-5431	83	12	deviation	deviation	NOUN
ajfa-5431	83	13	errors	error	NOUN
ajfa-5431	83	14	on	on	ADP
ajfa-5431	83	15	study	study	NOUN
ajfa-5431	83	16	results	result	NOUN
ajfa-5431	83	17	due	due	ADP
ajfa-5431	83	18	to	to	ADP
ajfa-5431	83	19	differences	difference	NOUN
ajfa-5431	83	20	in	in	ADP
ajfa-5431	83	21	study	study	NOUN
ajfa-5431	83	22	purposes	purpose	NOUN
ajfa-5431	83	23	and	and	CCONJ
ajfa-5431	83	24	objects	object	NOUN
ajfa-5431	83	25	.	.	PUNCT
ajfa-5431	84	1	the	the	DET
ajfa-5431	84	2	study	study	NOUN
ajfa-5431	84	3	data	datum	NOUN
ajfa-5431	84	4	in	in	ADP
ajfa-5431	84	5	this	this	DET
ajfa-5431	84	6	paper	paper	NOUN
ajfa-5431	84	7	was	be	AUX
ajfa-5431	84	8	attended	attend	VERB
ajfa-5431	84	9	straightforward	straightforward	ADJ
ajfa-5431	84	10	to	to	PART
ajfa-5431	84	11	find	find	VERB
ajfa-5431	84	12	the	the	DET
ajfa-5431	84	13	best	good	ADJ
ajfa-5431	84	14	fit	fit	ADJ
ajfa-5431	84	15	study	study	NOUN
ajfa-5431	84	16	model	model	NOUN
ajfa-5431	84	17	.	.	PUNCT
ajfa-5431	85	1	the	the	DET
ajfa-5431	85	2	log	log	NOUN
ajfa-5431	85	3	-	-	PUNCT
ajfa-5431	85	4	logistic	logistic	NOUN
ajfa-5431	85	5	model	model	NOUN
ajfa-5431	85	6	,	,	PUNCT
ajfa-5431	85	7	which	which	PRON
ajfa-5431	85	8	is	be	AUX
ajfa-5431	85	9	the	the	DET
ajfa-5431	85	10	distribution	distribution	NOUN
ajfa-5431	85	11	achieved	achieve	VERB
ajfa-5431	85	12	from	from	ADP
ajfa-5431	85	13	generalized	generalized	ADJ
ajfa-5431	85	14	f	f	PROPN
ajfa-5431	85	15	parameter	parameter	NOUN
ajfa-5431	85	16	value	value	NOUN
ajfa-5431	85	17	verification	verification	NOUN
ajfa-5431	85	18	,	,	PUNCT
ajfa-5431	85	19	is	be	AUX
ajfa-5431	85	20	compared	compare	VERB
ajfa-5431	85	21	to	to	ADP
ajfa-5431	85	22	split	split	ADJ
ajfa-5431	85	23	model	model	NOUN
ajfa-5431	85	24	,	,	PUNCT
ajfa-5431	85	25	with	with	ADP
ajfa-5431	85	26	final	final	ADJ
ajfa-5431	85	27	risk	risk	NOUN
ajfa-5431	85	28	rate	rate	NOUN
ajfa-5431	85	29	corrected	correct	VERB
ajfa-5431	85	30	,	,	PUNCT
ajfa-5431	85	31	to	to	PART
ajfa-5431	85	32	obtain	obtain	VERB
ajfa-5431	85	33	the	the	DET
ajfa-5431	85	34	difference	difference	NOUN
ajfa-5431	85	35	between	between	ADP
ajfa-5431	85	36	these	these	DET
ajfa-5431	85	37	two	two	NUM
ajfa-5431	85	38	estimate	estimate	NOUN
ajfa-5431	85	39	parameters	parameter	NOUN
ajfa-5431	85	40	in	in	ADP
ajfa-5431	85	41	the	the	DET
ajfa-5431	85	42	model	model	NOUN
ajfa-5431	85	43	fit	fit	ADJ
ajfa-5431	85	44	confirmation	confirmation	NOUN
ajfa-5431	85	45	process	process	NOUN
ajfa-5431	85	46	.	.	PUNCT
ajfa-5431	86	1	the	the	DET
ajfa-5431	86	2	main	main	ADJ
ajfa-5431	86	3	purpose	purpose	NOUN
ajfa-5431	86	4	is	be	AUX
ajfa-5431	86	5	to	to	PART
ajfa-5431	86	6	show	show	VERB
ajfa-5431	86	7	whether	whether	SCONJ
ajfa-5431	86	8	split	split	VERB
ajfa-5431	86	9	model	model	NOUN
ajfa-5431	86	10	will	will	AUX
ajfa-5431	86	11	best	well	ADV
ajfa-5431	86	12	fit	fit	VERB
ajfa-5431	86	13	the	the	DET
ajfa-5431	86	14	study	study	NOUN
ajfa-5431	86	15	data	datum	NOUN
ajfa-5431	86	16	.	.	PUNCT
ajfa-5431	87	1	empirical	empirical	ADJ
ajfa-5431	87	2	results	result	NOUN
ajfa-5431	87	3	show	show	VERB
ajfa-5431	87	4	the	the	DET
ajfa-5431	87	5	risk	risk	NOUN
ajfa-5431	87	6	function	function	NOUN
ajfa-5431	87	7	is	be	AUX
ajfa-5431	87	8	upside	upside	ADV
ajfa-5431	87	9	down	down	ADV
ajfa-5431	87	10	u	u	NOUN
ajfa-5431	87	11	shaped	shape	VERB
ajfa-5431	87	12	on	on	ADP
ajfa-5431	87	13	both	both	DET
ajfa-5431	87	14	models	model	NOUN
ajfa-5431	87	15	,	,	PUNCT
ajfa-5431	87	16	this	this	PRON
ajfa-5431	87	17	means	mean	VERB
ajfa-5431	87	18	the	the	DET
ajfa-5431	87	19	risk	risk	NOUN
ajfa-5431	87	20	of	of	ADP
ajfa-5431	87	21	delist	delist	NOUN
ajfa-5431	87	22	from	from	ADP
ajfa-5431	87	23	going	go	VERB
ajfa-5431	87	24	concern	concern	NOUN
ajfa-5431	87	25	will	will	AUX
ajfa-5431	87	26	increase	increase	VERB
ajfa-5431	87	27	according	accord	VERB
ajfa-5431	87	28	to	to	ADP
ajfa-5431	87	29	time	time	NOUN
ajfa-5431	87	30	,	,	PUNCT
ajfa-5431	87	31	and	and	CCONJ
ajfa-5431	87	32	will	will	AUX
ajfa-5431	87	33	gradually	gradually	ADV
ajfa-5431	87	34	descend	descend	VERB
ajfa-5431	87	35	after	after	ADP
ajfa-5431	87	36	its	its	PRON
ajfa-5431	87	37	peak	peak	NOUN
ajfa-5431	87	38	point	point	NOUN
ajfa-5431	87	39	.	.	PUNCT
ajfa-5431	88	1	this	this	DET
ajfa-5431	88	2	paper	paper	NOUN
ajfa-5431	88	3	also	also	ADV
ajfa-5431	88	4	tests	test	VERB
ajfa-5431	88	5	whether	whether	SCONJ
ajfa-5431	88	6	there	there	PRON
ajfa-5431	88	7	are	be	VERB
ajfa-5431	88	8	difference	difference	NOUN
ajfa-5431	88	9	in	in	ADP
ajfa-5431	88	10	study	study	NOUN
ajfa-5431	88	11	results	result	NOUN
ajfa-5431	88	12	by	by	ADP
ajfa-5431	88	13	using	use	VERB
ajfa-5431	88	14	split	split	NOUN
ajfa-5431	88	15	model	model	NOUN
ajfa-5431	88	16	as	as	ADP
ajfa-5431	88	17	compared	compare	VERB
ajfa-5431	88	18	to	to	ADP
ajfa-5431	88	19	standard	standard	ADJ
ajfa-5431	88	20	model	model	NOUN
ajfa-5431	88	21	to	to	ADP
ajfa-5431	88	22	a	a	DET
ajfa-5431	88	23	company	company	NOUN
ajfa-5431	88	24	’s	’s	PART
ajfa-5431	88	25	final	final	ADJ
ajfa-5431	88	26	delist	delist	NOUN
ajfa-5431	88	27	assumption	assumption	NOUN
ajfa-5431	88	28	.	.	PUNCT
ajfa-5431	89	1	standard	standard	ADJ
ajfa-5431	89	2	model	model	NOUN
ajfa-5431	89	3	assumes	assume	VERB
ajfa-5431	89	4	that	that	SCONJ
ajfa-5431	89	5	companies	company	NOUN
ajfa-5431	89	6	will	will	AUX
ajfa-5431	89	7	fail	fail	VERB
ajfa-5431	89	8	at	at	ADP
ajfa-5431	89	9	the	the	DET
ajfa-5431	89	10	end	end	NOUN
ajfa-5431	89	11	,	,	PUNCT
ajfa-5431	89	12	thus	thus	ADV
ajfa-5431	89	13	final	final	ADJ
ajfa-5431	89	14	fail	fail	ADJ
ajfa-5431	89	15	rate	rate	NOUN
ajfa-5431	89	16	is	be	AUX
ajfa-5431	89	17	1	1	NUM
ajfa-5431	89	18	.	.	PUNCT
ajfa-5431	89	19	split	split	ADJ
ajfa-5431	89	20	model	model	NOUN
ajfa-5431	89	21	assumes	assume	VERB
ajfa-5431	89	22	that	that	SCONJ
ajfa-5431	89	23	companies	company	NOUN
ajfa-5431	89	24	will	will	AUX
ajfa-5431	89	25	continue	continue	VERB
ajfa-5431	89	26	to	to	PART
ajfa-5431	89	27	operate	operate	VERB
ajfa-5431	89	28	,	,	PUNCT
ajfa-5431	89	29	thus	thus	ADV
ajfa-5431	89	30	final	final	ADJ
ajfa-5431	89	31	fail	fail	ADJ
ajfa-5431	89	32	rate	rate	NOUN
ajfa-5431	89	33	is	be	AUX
ajfa-5431	89	34	less	less	ADJ
ajfa-5431	89	35	than	than	ADP
ajfa-5431	89	36	1	1	NUM
ajfa-5431	89	37	.	.	PUNCT
ajfa-5431	90	1	this	this	DET
ajfa-5431	90	2	study	study	NOUN
ajfa-5431	90	3	investigates	investigate	VERB
ajfa-5431	90	4	on	on	ADP
ajfa-5431	90	5	influential	influential	ADJ
ajfa-5431	90	6	factors	factor	NOUN
ajfa-5431	90	7	that	that	PRON
ajfa-5431	90	8	could	could	AUX
ajfa-5431	90	9	affect	affect	VERB
ajfa-5431	90	10	company	company	NOUN
ajfa-5431	90	11	’s	’s	PART
ajfa-5431	90	12	normal	normal	ADJ
ajfa-5431	90	13	operations	operation	NOUN
ajfa-5431	90	14	or	or	CCONJ
ajfa-5431	90	15	company	company	NOUN
ajfa-5431	90	16	’s	’s	PART
ajfa-5431	90	17	failure	failure	NOUN
ajfa-5431	90	18	.	.	PUNCT
ajfa-5431	91	1	in	in	ADP
ajfa-5431	91	2	a	a	DET
ajfa-5431	91	3	parametric	parametric	ADJ
ajfa-5431	91	4	model	model	NOUN
ajfa-5431	91	5	,	,	PUNCT
ajfa-5431	91	6	it	it	PRON
ajfa-5431	91	7	is	be	AUX
ajfa-5431	91	8	hypothesised	hypothesise	VERB
ajfa-5431	91	9	that	that	SCONJ
ajfa-5431	91	10	survival	survival	NOUN
ajfa-5431	91	11	time	time	NOUN
ajfa-5431	91	12	t	t	PROPN
ajfa-5431	91	13	under	under	ADP
ajfa-5431	91	14	independent	independent	ADJ
ajfa-5431	91	15	variables	variable	NOUN
ajfa-5431	91	16	x	x	X
ajfa-5431	91	17	,	,	PUNCT
ajfa-5431	91	18	will	will	AUX
ajfa-5431	91	19	follows	follow	VERB
ajfa-5431	91	20	one	one	NUM
ajfa-5431	91	21	parametric	parametric	ADJ
ajfa-5431	91	22	probability	probability	NOUN
ajfa-5431	91	23	distribution2	distribution2	NOUN
ajfa-5431	91	24	.	.	PUNCT
ajfa-5431	92	1	following	follow	VERB
ajfa-5431	92	2	lancaster	lancaster	PROPN
ajfa-5431	92	3	(	(	PUNCT
ajfa-5431	92	4	1990	1990	NUM
ajfa-5431	92	5	)	)	PUNCT
ajfa-5431	92	6	,	,	PUNCT
ajfa-5431	92	7	the	the	DET
ajfa-5431	92	8	linear	linear	ADJ
ajfa-5431	92	9	regression	regression	NOUN
ajfa-5431	92	10	can	can	AUX
ajfa-5431	92	11	be	be	AUX
ajfa-5431	92	12	expressed	express	VERB
ajfa-5431	92	13	as	as	ADP
ajfa-5431	92	14	:	:	PUNCT
ajfa-5431	92	15	in	in	ADP
ajfa-5431	92	16	this	this	DET
ajfa-5431	92	17	equation	equation	NOUN
ajfa-5431	92	18	,	,	PUNCT
ajfa-5431	92	19	σ	σ	PROPN
ajfa-5431	92	20	is	be	AUX
ajfa-5431	92	21	standard	standard	ADJ
ajfa-5431	92	22	deviation	deviation	NOUN
ajfa-5431	92	23	of	of	ADP
ajfa-5431	92	24	survival	survival	NOUN
ajfa-5431	92	25	time	time	PROPN
ajfa-5431	92	26	t	t	PROPN
ajfa-5431	92	27	,	,	PUNCT
ajfa-5431	92	28	ω	ω	PROPN
ajfa-5431	92	29	is	be	AUX
ajfa-5431	92	30	decided	decide	VERB
ajfa-5431	92	31	by	by	ADP
ajfa-5431	92	32	the	the	DET
ajfa-5431	92	33	distribution	distribution	NOUN
ajfa-5431	92	34	of	of	ADP
ajfa-5431	92	35	survival	survival	NOUN
ajfa-5431	92	36	time	time	NOUN
ajfa-5431	92	37	t	t	NOUN
ajfa-5431	92	38	distribution	distribution	NOUN
ajfa-5431	92	39	.	.	PUNCT
ajfa-5431	93	1	use	use	VERB
ajfa-5431	93	2	mle	mle	NOUN
ajfa-5431	93	3	to	to	PART
ajfa-5431	93	4	estimate	estimate	VERB
ajfa-5431	93	5	β	β	PROPN
ajfa-5431	93	6	,	,	PUNCT
ajfa-5431	93	7	σ	σ	PROPN
ajfa-5431	93	8	and	and	CCONJ
ajfa-5431	93	9	the	the	DET
ajfa-5431	93	10	related	related	ADJ
ajfa-5431	93	11	parameters	parameter	NOUN
ajfa-5431	93	12	.	.	PUNCT
ajfa-5431	94	1	the	the	DET
ajfa-5431	94	2	survival	survival	NOUN
ajfa-5431	94	3	analysis	analysis	NOUN
ajfa-5431	94	4	model	model	NOUN
ajfa-5431	94	5	assumes	assume	VERB
ajfa-5431	94	6	that	that	SCONJ
ajfa-5431	94	7	all	all	DET
ajfa-5431	94	8	companies	company	NOUN
ajfa-5431	94	9	will	will	AUX
ajfa-5431	94	10	eventually	eventually	ADV
ajfa-5431	94	11	be	be	AUX
ajfa-5431	94	12	delisted	delist	VERB
ajfa-5431	94	13	;	;	PUNCT
ajfa-5431	94	14	in	in	ADP
ajfa-5431	94	15	fact	fact	NOUN
ajfa-5431	94	16	,	,	PUNCT
ajfa-5431	94	17	this	this	PRON
ajfa-5431	94	18	is	be	AUX
ajfa-5431	94	19	not	not	PART
ajfa-5431	94	20	necessarily	necessarily	ADV
ajfa-5431	94	21	the	the	DET
ajfa-5431	94	22	case	case	NOUN
ajfa-5431	94	23	in	in	ADP
ajfa-5431	94	24	real	real	ADJ
ajfa-5431	94	25	life	life	NOUN
ajfa-5431	94	26	.	.	PUNCT
ajfa-5431	95	1	in	in	ADP
ajfa-5431	95	2	order	order	NOUN
ajfa-5431	95	3	to	to	PART
ajfa-5431	95	4	solve	solve	VERB
ajfa-5431	95	5	this	this	DET
ajfa-5431	95	6	incident	incident	NOUN
ajfa-5431	95	7	that	that	SCONJ
ajfa-5431	95	8	the	the	DET
ajfa-5431	95	9	observed	observed	ADJ
ajfa-5431	95	10	objects	object	NOUN
ajfa-5431	95	11	might	might	AUX
ajfa-5431	95	12	not	not	PART
ajfa-5431	95	13	end	end	VERB
ajfa-5431	95	14	in	in	ADP
ajfa-5431	95	15	failure	failure	NOUN
ajfa-5431	95	16	,	,	PUNCT
ajfa-5431	95	17	this	this	DET
ajfa-5431	95	18	study	study	NOUN
ajfa-5431	95	19	uses	use	VERB
ajfa-5431	95	20	schmidt	schmidt	PROPN
ajfa-5431	95	21	and	and	CCONJ
ajfa-5431	95	22	witte	witte	NOUN
ajfa-5431	95	23	(	(	PUNCT
ajfa-5431	95	24	1989	1989	NUM
ajfa-5431	95	25	)	)	PUNCT
ajfa-5431	95	26	’s	’s	PART
ajfa-5431	95	27	method	method	NOUN
ajfa-5431	95	28	,	,	PUNCT
ajfa-5431	95	29	setting	set	VERB
ajfa-5431	95	30	final	final	ADJ
ajfa-5431	95	31	delist	delist	NOUN
ajfa-5431	95	32	probability	probability	NOUN
ajfa-5431	95	33	value	value	NOUN
ajfa-5431	95	34	as	as	ADP
ajfa-5431	95	35	ip	ip	NOUN
ajfa-5431	95	36	,	,	PUNCT
ajfa-5431	95	37	where	where	SCONJ
ajfa-5431	95	38	1ir	1ir	ADJ
ajfa-5431	95	39	=	=	PUNCT
ajfa-5431	95	40	means	mean	VERB
ajfa-5431	95	41	the	the	DET
ajfa-5431	95	42	company	company	NOUN
ajfa-5431	95	43	will	will	AUX
ajfa-5431	95	44	delist	delist	VERB
ajfa-5431	95	45	at	at	ADP
ajfa-5431	95	46	the	the	DET
ajfa-5431	95	47	end	end	NOUN
ajfa-5431	95	48	,	,	PUNCT
ajfa-5431	95	49	0ir	0ir	NOUN
ajfa-5431	95	50	=	=	PRON
ajfa-5431	95	51	means	mean	VERB
ajfa-5431	95	52	it	it	PRON
ajfa-5431	95	53	will	will	AUX
ajfa-5431	95	54	not	not	PART
ajfa-5431	95	55	delist	delist	VERB
ajfa-5431	95	56	at	at	ADP
ajfa-5431	95	57	the	the	DET
ajfa-5431	95	58	2commonly	2commonly	NUM
ajfa-5431	95	59	used	use	VERB
ajfa-5431	95	60	probability	probability	NOUN
ajfa-5431	95	61	distributions	distribution	NOUN
ajfa-5431	95	62	in	in	ADP
ajfa-5431	95	63	survival	survival	NOUN
ajfa-5431	95	64	analysis	analysis	NOUN
ajfa-5431	95	65	include	include	VERB
ajfa-5431	95	66	:	:	PUNCT
ajfa-5431	95	67	weibull	weibull	NOUN
ajfa-5431	95	68	,	,	PUNCT
ajfa-5431	95	69	lognormal	lognormal	ADJ
ajfa-5431	95	70	,	,	PUNCT
ajfa-5431	95	71	generalized	generalized	ADJ
ajfa-5431	95	72	gamma	gamma	NOUN
ajfa-5431	95	73	,	,	PUNCT
ajfa-5431	95	74	log	log	NOUN
ajfa-5431	95	75	-	-	PUNCT
ajfa-5431	95	76	logistic	logistic	ADJ
ajfa-5431	95	77	and	and	CCONJ
ajfa-5431	95	78	generalized	generalized	ADJ
ajfa-5431	95	79	f.	f.	PROPN
ajfa-5431	95	80	σωβχ	σωβχ	NOUN
ajfa-5431	95	81	+	+	PROPN
ajfa-5431	95	82	′=tlog	′=tlog	ADJ
ajfa-5431	95	83	asian	asian	ADJ
ajfa-5431	95	84	journal	journal	NOUN
ajfa-5431	95	85	of	of	ADP
ajfa-5431	95	86	finance	finance	PROPN
ajfa-5431	95	87	&	&	CCONJ
ajfa-5431	95	88	accounting	accounting	PROPN
ajfa-5431	95	89	issn	issn	PROPN
ajfa-5431	95	90	1946	1946	NUM
ajfa-5431	95	91	-	-	PUNCT
ajfa-5431	95	92	052x	052x	PROPN
ajfa-5431	95	93	2014	2014	NUM
ajfa-5431	95	94	,	,	PUNCT
ajfa-5431	95	95	vol	vol	NOUN
ajfa-5431	95	96	.	.	PROPN
ajfa-5431	96	1	6	6	NUM
ajfa-5431	96	2	,	,	PUNCT
ajfa-5431	96	3	no	no	INTJ
ajfa-5431	96	4	.	.	NOUN
ajfa-5431	96	5	1	1	NUM
ajfa-5431	96	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5431	96	7	311	311	NUM
ajfa-5431	96	8	final	final	ADJ
ajfa-5431	96	9	stage	stage	NOUN
ajfa-5431	96	10	.	.	PUNCT
ajfa-5431	97	1	furthermore	furthermore	ADV
ajfa-5431	97	2	,	,	PUNCT
ajfa-5431	97	3	the	the	DET
ajfa-5431	97	4	delist	delist	NOUN
ajfa-5431	97	5	probability	probability	NOUN
ajfa-5431	97	6	can	can	AUX
ajfa-5431	97	7	be	be	AUX
ajfa-5431	97	8	affected	affect	VERB
ajfa-5431	97	9	by	by	ADP
ajfa-5431	97	10	some	some	DET
ajfa-5431	97	11	other	other	ADJ
ajfa-5431	97	12	exogenous	exogenous	ADJ
ajfa-5431	97	13	variables	variable	NOUN
ajfa-5431	97	14	which	which	PRON
ajfa-5431	97	15	can	can	AUX
ajfa-5431	97	16	be	be	AUX
ajfa-5431	97	17	assumed	assume	VERB
ajfa-5431	97	18	as	as	ADP
ajfa-5431	97	19	(	(	PUNCT
ajfa-5431	97	20	)	)	PUNCT
ajfa-5431	97	21	αiz	αiz	NOUN
ajfa-5431	97	22	′φ	′φ	NOUN
ajfa-5431	97	23	.	.	PUNCT
ajfa-5431	98	1	in	in	ADP
ajfa-5431	98	2	this	this	PRON
ajfa-5431	98	3	,	,	PUNCT
ajfa-5431	98	4	iz	iz	ADP
ajfa-5431	98	5	is	be	AUX
ajfa-5431	98	6	defined	define	VERB
ajfa-5431	98	7	as	as	ADP
ajfa-5431	98	8	the	the	DET
ajfa-5431	98	9	variable	variable	NOUN
ajfa-5431	98	10	of	of	ADP
ajfa-5431	98	11	final	final	ADJ
ajfa-5431	98	12	death	death	NOUN
ajfa-5431	98	13	rate	rate	NOUN
ajfa-5431	98	14	,	,	PUNCT
ajfa-5431	98	15	α	α	PROPN
ajfa-5431	98	16	is	be	AUX
ajfa-5431	98	17	the	the	DET
ajfa-5431	98	18	coefficient	coefficient	NOUN
ajfa-5431	98	19	of	of	ADP
ajfa-5431	98	20	iz	iz	INTJ
ajfa-5431	98	21	,	,	PUNCT
ajfa-5431	98	22	φ	φ	PROPN
ajfa-5431	98	23	is	be	AUX
ajfa-5431	98	24	accumulative	accumulative	ADJ
ajfa-5431	98	25	probability	probability	NOUN
ajfa-5431	98	26	density	density	NOUN
ajfa-5431	98	27	function	function	NOUN
ajfa-5431	98	28	of	of	ADP
ajfa-5431	98	29	normal	normal	ADJ
ajfa-5431	98	30	distribution	distribution	NOUN
ajfa-5431	98	31	,	,	PUNCT
ajfa-5431	98	32	therefore	therefore	ADV
ajfa-5431	98	33	log	log	VERB
ajfa-5431	98	34	likelihood	likelihood	NOUN
ajfa-5431	98	35	function	function	NOUN
ajfa-5431	98	36	is	be	AUX
ajfa-5431	98	37	expressed	express	VERB
ajfa-5431	98	38	as	as	ADP
ajfa-5431	98	39	:	:	PUNCT
ajfa-5431	98	40	(	(	PUNCT
ajfa-5431	98	41	)	)	PUNCT
ajfa-5431	98	42	(	(	PUNCT
ajfa-5431	98	43	)	)	PUNCT
ajfa-5431	98	44	(	(	PUNCT
ajfa-5431	98	45	)	)	PUNCT
ajfa-5431	98	46	(	(	PUNCT
ajfa-5431	98	47	)	)	PUNCT
ajfa-5431	98	48	(	(	PUNCT
ajfa-5431	98	49	)	)	PUNCT
ajfa-5431	98	50	[	[	PUNCT
ajfa-5431	98	51	]	]	X
ajfa-5431	98	52	{	{	PUNCT
ajfa-5431	98	53	}	}	PUNCT
ajfa-5431	98	54			PRON
ajfa-5431	99	1	=	=	NOUN
ajfa-5431	99	2	=	=	SYM
ajfa-5431	99	3	φ+φ−+	φ+φ−+	ADJ
ajfa-5431	99	4			PUNCT
ajfa-5431	99	5			PROPN
ajfa-5431	99	6	φ=	φ=	PROPN
ajfa-5431	99	7	n	n	CCONJ
ajfa-5431	99	8	iii	iii	PROPN
ajfa-5431	99	9	n	n	CCONJ
ajfa-5431	99	10	ii	ii	PROPN
ajfa-5431	99	11	ii	ii	PROPN
ajfa-5431	99	12	wszzwfzl	wszzwfzl	PROPN
ajfa-5431	99	13	0	0	PUNCT
ajfa-5431	99	14	''	''	PUNCT
ajfa-5431	99	15	1	1	NUM
ajfa-5431	99	16	'	'	NUM
ajfa-5431	99	17	1log	1log	NUM
ajfa-5431	99	18	1	1	NUM
ajfa-5431	99	19	loglog	loglog	NOUN
ajfa-5431	99	20	δδ	δδ	ADP
ajfa-5431	99	21	αα	αα	PROPN
ajfa-5431	99	22	σ	σ	PROPN
ajfa-5431	99	23	α	α	NUM
ajfa-5431	99	24	where	where	SCONJ
ajfa-5431	99	25	'	'	PUNCT
ajfa-5431	99	26	(	(	PUNCT
ajfa-5431	99	27	ln	ln	NOUN
ajfa-5431	99	28	)	)	PUNCT
ajfa-5431	99	29	/i	/i	PUNCT
ajfa-5431	99	30	i	i	PRON
ajfa-5431	99	31	it	it	PRON
ajfa-5431	99	32	xω	xω	VERB
ajfa-5431	99	33	β	β	X
ajfa-5431	99	34	σ=	σ=	NOUN
ajfa-5431	99	35	−	−	PROPN
ajfa-5431	100	1	and	and	CCONJ
ajfa-5431	101	1	f	f	PROPN
ajfa-5431	101	2	(	(	PUNCT
ajfa-5431	101	3	wi	wi	PROPN
ajfa-5431	101	4	)	)	PUNCT
ajfa-5431	101	5	is	be	AUX
ajfa-5431	101	6	decided	decide	VERB
ajfa-5431	101	7	by	by	ADP
ajfa-5431	101	8	f	f	PROPN
ajfa-5431	101	9	(	(	PUNCT
ajfa-5431	101	10	ti	ti	NOUN
ajfa-5431	101	11	)	)	PUNCT
ajfa-5431	101	12	.	.	PUNCT
ajfa-5431	102	1	finally	finally	ADV
ajfa-5431	102	2	,	,	PUNCT
ajfa-5431	102	3	this	this	DET
ajfa-5431	102	4	study	study	NOUN
ajfa-5431	102	5	uses	use	VERB
ajfa-5431	102	6	generalized	generalize	VERB
ajfa-5431	102	7	f	f	NOUN
ajfa-5431	102	8	distribution	distribution	NOUN
ajfa-5431	102	9	parameters	parameter	NOUN
ajfa-5431	102	10	to	to	PART
ajfa-5431	102	11	decide	decide	VERB
ajfa-5431	102	12	on	on	ADP
ajfa-5431	102	13	the	the	DET
ajfa-5431	102	14	types	type	NOUN
ajfa-5431	102	15	of	of	ADP
ajfa-5431	102	16	survival	survival	NOUN
ajfa-5431	102	17	period	period	NOUN
ajfa-5431	102	18	’s	’s	PART
ajfa-5431	102	19	distribution3	distribution3	PROPN
ajfa-5431	102	20	.	.	PUNCT
ajfa-5431	103	1	there	there	PRON
ajfa-5431	103	2	are	be	VERB
ajfa-5431	103	3	four	four	NUM
ajfa-5431	103	4	parameters	parameter	NOUN
ajfa-5431	103	5	in	in	ADP
ajfa-5431	103	6	generalized	generalized	ADJ
ajfa-5431	103	7	f	f	NOUN
ajfa-5431	103	8	distribution	distribution	NOUN
ajfa-5431	103	9	,	,	PUNCT
ajfa-5431	103	10	λ、m1	λ、m1	PUNCT
ajfa-5431	103	11	、	、	PROPN
ajfa-5431	103	12	m2	m2	PROPN
ajfa-5431	103	13	and	and	CCONJ
ajfa-5431	103	14	p=1	p=1	PROPN
ajfa-5431	103	15	/	/	SYM
ajfa-5431	103	16	σ	σ	PROPN
ajfa-5431	103	17	.	.	PROPN
ajfa-5431	103	18	generalized	generalize	VERB
ajfa-5431	103	19	f	f	PROPN
ajfa-5431	103	20	’s	’s	PART
ajfa-5431	103	21	probability	probability	NOUN
ajfa-5431	103	22	density	density	NOUN
ajfa-5431	103	23	function	function	NOUN
ajfa-5431	103	24	is	be	AUX
ajfa-5431	103	25	expressed	express	VERB
ajfa-5431	103	26	as	as	SCONJ
ajfa-5431	103	27	follows	follow	VERB
ajfa-5431	103	28	:	:	PUNCT
ajfa-5431	103	29	(	(	PUNCT
ajfa-5431	103	30	)	)	PUNCT
ajfa-5431	103	31	(	(	PUNCT
ajfa-5431	103	32	)	)	PUNCT
ajfa-5431	103	33	(	(	PUNCT
ajfa-5431	103	34	1	1	X
ajfa-5431	103	35	)	)	SYM
ajfa-5431	103	36	1	1	NUM
ajfa-5431	103	37	(	(	PUNCT
ajfa-5431	103	38	1	1	NUM
ajfa-5431	103	39	2	2	NUM
ajfa-5431	103	40	)	)	PUNCT
ajfa-5431	103	41	(	(	PUNCT
ajfa-5431	103	42	)	)	PUNCT
ajfa-5431	103	43	/	/	SYM
ajfa-5431	103	44	(	(	PUNCT
ajfa-5431	103	45	1	1	NUM
ajfa-5431	103	46	,	,	PUNCT
ajfa-5431	103	47	2	2	NUM
ajfa-5431	103	48	)	)	PUNCT
ajfa-5431	103	49	(	(	PUNCT
ajfa-5431	103	50	1	1	X
ajfa-5431	103	51	)	)	PUNCT
ajfa-5431	103	52	m	m	VERB
ajfa-5431	103	53	m	m	VERB
ajfa-5431	103	54	mf	mf	INTJ
ajfa-5431	103	55	t	t	PROPN
ajfa-5431	103	56	t	t	PROPN
ajfa-5431	103	57	m	m	VERB
ajfa-5431	103	58	m	m	VERB
ajfa-5431	103	59	k	k	ADJ
ajfa-5431	103	60	kλρ	kλρ	PROPN
ajfa-5431	103	61	λ	λ	PROPN
ajfa-5431	103	62	βρ−	βρ−	PUNCT
ajfa-5431	103	63	−	−	PROPN
ajfa-5431	104	1	+	+	NOUN
ajfa-5431	104	2	=	=	SYM
ajfa-5431	104	3	⋅	⋅	X
ajfa-5431	104	4	+	+	CCONJ
ajfa-5431	104	5	where	where	SCONJ
ajfa-5431	104	6	(	(	PUNCT
ajfa-5431	104	7	)	)	PUNCT
ajfa-5431	104	8	(	(	PUNCT
ajfa-5431	104	9	1/	1/	NUM
ajfa-5431	104	10	2	2	NUM
ajfa-5431	104	11	)	)	PUNCT
ajfa-5431	104	12	p	p	NOUN
ajfa-5431	105	1	k	k	PROPN
ajfa-5431	105	2	m	m	VERB
ajfa-5431	105	3	m	m	VERB
ajfa-5431	105	4	tλ=	tλ=	ADJ
ajfa-5431	105	5	,	,	PUNCT
ajfa-5431	105	6	and	and	CCONJ
ajfa-5431	105	7	(	(	PUNCT
ajfa-5431	105	8	)	)	PUNCT
ajfa-5431	105	9	(	(	PUNCT
ajfa-5431	105	10	)	)	PUNCT
ajfa-5431	105	11	1	1	NUM
ajfa-5431	105	12	(	(	PUNCT
ajfa-5431	105	13	2	2	NUM
ajfa-5431	105	14	)	)	PUNCT
ajfa-5431	105	15	(	(	PUNCT
ajfa-5431	105	16	1	1	NUM
ajfa-5431	105	17	,	,	PUNCT
ajfa-5431	105	18	2	2	NUM
ajfa-5431	105	19	)	)	PUNCT
ajfa-5431	105	20	1	1	NUM
ajfa-5431	105	21	2	2	NUM
ajfa-5431	105	22	m	m	NOUN
ajfa-5431	105	23	m	m	VERB
ajfa-5431	105	24	m	m	VERB
ajfa-5431	105	25	m	m	VERB
ajfa-5431	105	26	m	m	VERB
ajfa-5431	105	27	m	m	ADJ
ajfa-5431	105	28	β	β	X
ajfa-5431	105	29	γ	γ	X
ajfa-5431	105	30	γ	γ	X
ajfa-5431	105	31	=	=	SYM
ajfa-5431	105	32	γ	γ	X
ajfa-5431	105	33	+	+	X
ajfa-5431	105	34	according	accord	VERB
ajfa-5431	105	35	to	to	ADP
ajfa-5431	105	36	the	the	DET
ajfa-5431	105	37	special	special	ADJ
ajfa-5431	105	38	features	feature	NOUN
ajfa-5431	105	39	of	of	ADP
ajfa-5431	105	40	generalized	generalized	ADJ
ajfa-5431	105	41	f	f	PROPN
ajfa-5431	105	42	parameters	parameter	NOUN
ajfa-5431	105	43	,	,	PUNCT
ajfa-5431	105	44	it	it	PRON
ajfa-5431	105	45	is	be	AUX
ajfa-5431	105	46	possible	possible	ADJ
ajfa-5431	105	47	to	to	PART
ajfa-5431	105	48	find	find	VERB
ajfa-5431	105	49	a	a	DET
ajfa-5431	105	50	distribution	distribution	NOUN
ajfa-5431	105	51	type	type	NOUN
ajfa-5431	105	52	more	more	ADV
ajfa-5431	105	53	fit	fit	ADJ
ajfa-5431	105	54	to	to	ADP
ajfa-5431	105	55	survival	survival	NOUN
ajfa-5431	105	56	data	datum	NOUN
ajfa-5431	105	57	through	through	ADP
ajfa-5431	105	58	statistical	statistical	ADJ
ajfa-5431	105	59	verification	verification	NOUN
ajfa-5431	105	60	(	(	PUNCT
ajfa-5431	105	61	lancaster	lancaster	NOUN
ajfa-5431	105	62	,	,	PUNCT
ajfa-5431	105	63	1990	1990	NUM
ajfa-5431	105	64	)	)	PUNCT
ajfa-5431	105	65	.	.	PUNCT
ajfa-5431	106	1	generalized	generalize	VERB
ajfa-5431	106	2	f	f	PROPN
ajfa-5431	106	3	distribution	distribution	NOUN
ajfa-5431	106	4	’s	’s	PART
ajfa-5431	106	5	survival	survival	NOUN
ajfa-5431	106	6	function	function	NOUN
ajfa-5431	106	7	and	and	CCONJ
ajfa-5431	106	8	hazard	hazard	NOUN
ajfa-5431	106	9	function	function	NOUN
ajfa-5431	106	10	are	be	AUX
ajfa-5431	106	11	s	s	PROPN
ajfa-5431	106	12	(	(	PUNCT
ajfa-5431	106	13	t	t	NOUN
ajfa-5431	106	14	)	)	PUNCT
ajfa-5431	106	15	=	=	SYM
ajfa-5431	107	1	b	b	X
ajfa-5431	107	2			NOUN
ajfa-5431	107	3			VERB
ajfa-5431	107	4			PROPN
ajfa-5431	107	5			PROPN
ajfa-5431	108	1	+	+	CCONJ
ajfa-5431	108	2	1,2	1,2	NUM
ajfa-5431	108	3	,	,	PUNCT
ajfa-5431	108	4	1	1	NUM
ajfa-5431	108	5	1	1	NUM
ajfa-5431	108	6	mm	mm	NOUN
ajfa-5431	108	7	k	k	PROPN
ajfa-5431	108	8	and	and	CCONJ
ajfa-5431	108	9	(	(	PUNCT
ajfa-5431	108	10	)	)	PUNCT
ajfa-5431	108	11	(	(	PUNCT
ajfa-5431	108	12	)	)	PUNCT
ajfa-5431	108	13	(	(	PUNCT
ajfa-5431	108	14	)	)	PUNCT
ajfa-5431	108	15	f	f	PROPN
ajfa-5431	108	16	th	th	X
ajfa-5431	108	17	t	t	PROPN
ajfa-5431	108	18	s	s	VERB
ajfa-5431	108	19	t=	t=	PRON
ajfa-5431	108	20	,	,	PUNCT
ajfa-5431	108	21	in	in	ADP
ajfa-5431	108	22	this	this	DET
ajfa-5431	108	23	equation	equation	NOUN
ajfa-5431	108	24	,	,	PUNCT
ajfa-5431	108	25	b	b	NOUN
ajfa-5431	108	26	is	be	AUX
ajfa-5431	108	27	beta	beta	ADJ
ajfa-5431	108	28	distribution	distribution	NOUN
ajfa-5431	108	29	’s	’s	PART
ajfa-5431	108	30	accumulative	accumulative	ADJ
ajfa-5431	108	31	probability	probability	NOUN
ajfa-5431	108	32	density	density	NOUN
ajfa-5431	108	33	function	function	NOUN
ajfa-5431	108	34	.	.	PUNCT
ajfa-5431	109	1	4	4	X
ajfa-5431	109	2	.	.	NUM
ajfa-5431	109	3	factors	factor	NOUN
ajfa-5431	109	4	to	to	ADP
ajfa-5431	109	5	business	business	NOUN
ajfa-5431	109	6	failure	failure	NOUN
ajfa-5431	109	7	the	the	DET
ajfa-5431	109	8	paper	paper	NOUN
ajfa-5431	109	9	investigates	investigate	VERB
ajfa-5431	109	10	the	the	DET
ajfa-5431	109	11	factors	factor	NOUN
ajfa-5431	109	12	of	of	ADP
ajfa-5431	109	13	business	business	NOUN
ajfa-5431	109	14	failure	failure	NOUN
ajfa-5431	109	15	to	to	ADP
ajfa-5431	109	16	going	go	VERB
ajfa-5431	109	17	concern	concern	ADJ
ajfa-5431	109	18	firms	firm	NOUN
ajfa-5431	109	19	.	.	PUNCT
ajfa-5431	110	1	financial	financial	ADJ
ajfa-5431	110	2	crisis	crisis	NOUN
ajfa-5431	110	3	forecast	forecast	NOUN
ajfa-5431	110	4	models	model	NOUN
ajfa-5431	110	5	in	in	ADP
ajfa-5431	110	6	literatures	literature	NOUN
ajfa-5431	110	7	generally	generally	ADV
ajfa-5431	110	8	adopted	adopt	VERB
ajfa-5431	110	9	financial	financial	ADJ
ajfa-5431	110	10	ratios	ratio	NOUN
ajfa-5431	110	11	as	as	SCONJ
ajfa-5431	110	12	explanatory	explanatory	ADJ
ajfa-5431	110	13	variables	variable	NOUN
ajfa-5431	110	14	(	(	PUNCT
ajfa-5431	110	15	zmijewski	zmijewski	PROPN
ajfa-5431	110	16	,	,	PUNCT
ajfa-5431	110	17	1984	1984	NUM
ajfa-5431	110	18	)	)	PUNCT
ajfa-5431	110	19	,	,	PUNCT
ajfa-5431	110	20	cybinski	cybinski	NOUN
ajfa-5431	110	21	and	and	CCONJ
ajfa-5431	110	22	carolyn	carolyn	PROPN
ajfa-5431	110	23	(	(	PUNCT
ajfa-5431	110	24	2005	2005	NUM
ajfa-5431	110	25	)	)	PUNCT
ajfa-5431	110	26	showed	show	VERB
ajfa-5431	110	27	statistical	statistical	ADJ
ajfa-5431	110	28	models	model	NOUN
ajfa-5431	110	29	based	base	VERB
ajfa-5431	110	30	on	on	ADP
ajfa-5431	110	31	financial	financial	ADJ
ajfa-5431	110	32	ratios	ratio	NOUN
ajfa-5431	110	33	can	can	AUX
ajfa-5431	110	34	reflect	reflect	VERB
ajfa-5431	110	35	company	company	NOUN
ajfa-5431	110	36	operational	operational	ADJ
ajfa-5431	110	37	status	status	NOUN
ajfa-5431	110	38	appropriately	appropriately	ADV
ajfa-5431	110	39	.	.	PUNCT
ajfa-5431	111	1	this	this	DET
ajfa-5431	111	2	study	study	NOUN
ajfa-5431	111	3	followed	follow	VERB
ajfa-5431	111	4	chen	chen	PROPN
ajfa-5431	111	5	and	and	CCONJ
ajfa-5431	111	6	lee	lee	PROPN
ajfa-5431	111	7	(	(	PUNCT
ajfa-5431	111	8	1993	1993	NUM
ajfa-5431	111	9	)	)	PUNCT
ajfa-5431	111	10	,	,	PUNCT
ajfa-5431	111	11	and	and	CCONJ
ajfa-5431	111	12	differentiated	differentiate	VERB
ajfa-5431	111	13	the	the	DET
ajfa-5431	111	14	factors	factor	NOUN
ajfa-5431	111	15	that	that	PRON
ajfa-5431	111	16	will	will	AUX
ajfa-5431	111	17	affect	affect	VERB
ajfa-5431	111	18	delist	delist	ADJ
ajfa-5431	111	19	risks	risk	NOUN
ajfa-5431	111	20	into	into	ADP
ajfa-5431	111	21	corporate	corporate	ADJ
ajfa-5431	111	22	governance	governance	NOUN
ajfa-5431	111	23	,	,	PUNCT
ajfa-5431	111	24	general	general	ADJ
ajfa-5431	111	25	structure	structure	NOUN
ajfa-5431	111	26	,	,	PUNCT
ajfa-5431	111	27	financial	financial	ADJ
ajfa-5431	111	28	structure	structure	NOUN
ajfa-5431	111	29	,	,	PUNCT
ajfa-5431	111	30	operation	operation	NOUN
ajfa-5431	111	31	structure	structure	NOUN
ajfa-5431	111	32	and	and	CCONJ
ajfa-5431	111	33	also	also	ADV
ajfa-5431	111	34	macroeconomic	macroeconomic	ADJ
ajfa-5431	111	35	structure	structure	NOUN
ajfa-5431	111	36	so	so	SCONJ
ajfa-5431	111	37	that	that	SCONJ
ajfa-5431	111	38	industry	industry	NOUN
ajfa-5431	111	39	and	and	CCONJ
ajfa-5431	111	40	system	system	NOUN
ajfa-5431	111	41	outlook	outlook	NOUN
ajfa-5431	111	42	fluctuations	fluctuation	NOUN
ajfa-5431	111	43	within	within	ADP
ajfa-5431	111	44	the	the	DET
ajfa-5431	111	45	observation	observation	NOUN
ajfa-5431	111	46	period	period	NOUN
ajfa-5431	111	47	can	can	AUX
ajfa-5431	111	48	be	be	AUX
ajfa-5431	111	49	incorporated	incorporate	VERB
ajfa-5431	111	50	.	.	PUNCT
ajfa-5431	112	1	the	the	DET
ajfa-5431	112	2	corporate	corporate	ADJ
ajfa-5431	112	3	governance	governance	NOUN
ajfa-5431	112	4	factors	factor	NOUN
ajfa-5431	112	5	indicate	indicate	VERB
ajfa-5431	112	6	that	that	SCONJ
ajfa-5431	112	7	the	the	PRON
ajfa-5431	112	8	higher	high	ADJ
ajfa-5431	112	9	the	the	DET
ajfa-5431	112	10	ownership	ownership	NOUN
ajfa-5431	112	11	,	,	PUNCT
ajfa-5431	112	12	the	the	DET
ajfa-5431	112	13	more	more	ADJ
ajfa-5431	112	14	sound	sound	NOUN
ajfa-5431	112	15	in	in	ADP
ajfa-5431	112	16	3although	3although	NUM
ajfa-5431	112	17	one	one	NUM
ajfa-5431	112	18	can	can	AUX
ajfa-5431	112	19	use	use	VERB
ajfa-5431	112	20	the	the	DET
ajfa-5431	112	21	parameter	parameter	NOUN
ajfa-5431	112	22	values	value	NOUN
ajfa-5431	112	23	of	of	ADP
ajfa-5431	112	24	generalized	generalized	ADJ
ajfa-5431	112	25	gamma	gamma	NOUN
ajfa-5431	112	26	distribution	distribution	NOUN
ajfa-5431	112	27	to	to	PART
ajfa-5431	112	28	determine	determine	VERB
ajfa-5431	112	29	which	which	DET
ajfa-5431	112	30	family	family	NOUN
ajfa-5431	112	31	and	and	CCONJ
ajfa-5431	112	32	distribution	distribution	NOUN
ajfa-5431	112	33	it	it	PRON
ajfa-5431	112	34	belonged	belong	VERB
ajfa-5431	112	35	to	to	ADP
ajfa-5431	112	36	,	,	PUNCT
ajfa-5431	112	37	but	but	CCONJ
ajfa-5431	112	38	comparatively	comparatively	ADV
ajfa-5431	112	39	to	to	ADP
ajfa-5431	112	40	generalized	generalize	VERB
ajfa-5431	112	41	gamma	gamma	NOUN
ajfa-5431	112	42	,	,	PUNCT
ajfa-5431	112	43	generalized	generalize	VERB
ajfa-5431	112	44	f	f	PROPN
ajfa-5431	112	45	can	can	AUX
ajfa-5431	112	46	be	be	AUX
ajfa-5431	112	47	determinate	determinate	ADJ
ajfa-5431	112	48	to	to	PART
ajfa-5431	112	49	be	be	AUX
ajfa-5431	112	50	log	log	NOUN
ajfa-5431	112	51	-	-	PUNCT
ajfa-5431	112	52	logistic	logistic	ADJ
ajfa-5431	112	53	distribution	distribution	NOUN
ajfa-5431	112	54	or	or	CCONJ
ajfa-5431	112	55	not	not	PART
ajfa-5431	112	56	.	.	PUNCT
ajfa-5431	113	1	asian	asian	ADJ
ajfa-5431	113	2	journal	journal	PROPN
ajfa-5431	113	3	of	of	ADP
ajfa-5431	113	4	finance	finance	PROPN
ajfa-5431	113	5	&	&	CCONJ
ajfa-5431	113	6	accounting	accounting	PROPN
ajfa-5431	113	7	issn	issn	PROPN
ajfa-5431	113	8	1946	1946	NUM
ajfa-5431	113	9	-	-	PUNCT
ajfa-5431	113	10	052x	052x	PROPN
ajfa-5431	113	11	2014	2014	NUM
ajfa-5431	113	12	,	,	PUNCT
ajfa-5431	113	13	vol	vol	NOUN
ajfa-5431	113	14	.	.	PROPN
ajfa-5431	114	1	6	6	NUM
ajfa-5431	114	2	,	,	PUNCT
ajfa-5431	114	3	no	no	INTJ
ajfa-5431	114	4	.	.	NOUN
ajfa-5431	114	5	1	1	NUM
ajfa-5431	114	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5431	114	7	312	312	NUM
ajfa-5431	114	8	the	the	DET
ajfa-5431	114	9	functionality	functionality	NOUN
ajfa-5431	114	10	of	of	ADP
ajfa-5431	114	11	the	the	DET
ajfa-5431	114	12	directing	direct	VERB
ajfa-5431	114	13	board	board	NOUN
ajfa-5431	114	14	due	due	ADP
ajfa-5431	114	15	to	to	ADP
ajfa-5431	114	16	better	well	ADJ
ajfa-5431	114	17	regulation	regulation	NOUN
ajfa-5431	114	18	and	and	CCONJ
ajfa-5431	114	19	inspection	inspection	NOUN
ajfa-5431	114	20	of	of	ADP
ajfa-5431	114	21	manager	manager	NOUN
ajfa-5431	114	22	’s	’s	PART
ajfa-5431	114	23	behaviors	behavior	NOUN
ajfa-5431	114	24	and	and	CCONJ
ajfa-5431	114	25	decrease	decrease	VERB
ajfa-5431	114	26	managers	manager	NOUN
ajfa-5431	114	27	self	self	NOUN
ajfa-5431	114	28	-	-	PUNCT
ajfa-5431	114	29	profit	profit	NOUN
ajfa-5431	114	30	actions	action	NOUN
ajfa-5431	114	31	(	(	PUNCT
ajfa-5431	114	32	fama	fama	PROPN
ajfa-5431	114	33	and	and	CCONJ
ajfa-5431	114	34	jenson	jenson	PROPN
ajfa-5431	114	35	,	,	PUNCT
ajfa-5431	114	36	1983	1983	NUM
ajfa-5431	114	37	;	;	PUNCT
ajfa-5431	114	38	jensen	jensen	PROPN
ajfa-5431	114	39	and	and	CCONJ
ajfa-5431	114	40	meckling	meckling	NOUN
ajfa-5431	114	41	,	,	PUNCT
ajfa-5431	114	42	1976	1976	NUM
ajfa-5431	114	43	)	)	PUNCT
ajfa-5431	114	44	.	.	PUNCT
ajfa-5431	115	1	therefore	therefore	ADV
ajfa-5431	115	2	equity	equity	NOUN
ajfa-5431	115	3	could	could	AUX
ajfa-5431	115	4	affect	affect	VERB
ajfa-5431	115	5	possibilities	possibility	NOUN
ajfa-5431	115	6	of	of	ADP
ajfa-5431	115	7	companies	company	NOUN
ajfa-5431	115	8	being	be	AUX
ajfa-5431	115	9	delisted	delist	VERB
ajfa-5431	115	10	.	.	PUNCT
ajfa-5431	116	1	this	this	DET
ajfa-5431	116	2	study	study	NOUN
ajfa-5431	116	3	uses	use	VERB
ajfa-5431	116	4	directors	director	NOUN
ajfa-5431	116	5	’	'	PUNCT
ajfa-5431	116	6	pledging	pledge	VERB
ajfa-5431	116	7	ratio	ratio	NOUN
ajfa-5431	116	8	and	and	CCONJ
ajfa-5431	116	9	director	director	NOUN
ajfa-5431	116	10	’s	’s	PART
ajfa-5431	116	11	share	share	NOUN
ajfa-5431	116	12	holding	hold	VERB
ajfa-5431	116	13	ratio	ratio	NOUN
ajfa-5431	116	14	to	to	PART
ajfa-5431	116	15	evaluate	evaluate	VERB
ajfa-5431	116	16	share	share	NOUN
ajfa-5431	116	17	structure	structure	NOUN
ajfa-5431	116	18	.	.	PUNCT
ajfa-5431	117	1	kesner	kesner	NOUN
ajfa-5431	117	2	(	(	PUNCT
ajfa-5431	117	3	1987	1987	NUM
ajfa-5431	117	4	)	)	PUNCT
ajfa-5431	117	5	and	and	CCONJ
ajfa-5431	117	6	mcconnell	mcconnell	PROPN
ajfa-5431	117	7	and	and	CCONJ
ajfa-5431	117	8	servaes	servaes	PROPN
ajfa-5431	117	9	(	(	PUNCT
ajfa-5431	117	10	1990	1990	NUM
ajfa-5431	117	11	)	)	PUNCT
ajfa-5431	117	12	indicated	indicate	VERB
ajfa-5431	117	13	that	that	SCONJ
ajfa-5431	117	14	equity	equity	NOUN
ajfa-5431	117	15	ownership	ownership	NOUN
ajfa-5431	117	16	positively	positively	ADV
ajfa-5431	117	17	relates	relate	VERB
ajfa-5431	117	18	to	to	ADP
ajfa-5431	117	19	firm	firm	ADJ
ajfa-5431	117	20	performance	performance	NOUN
ajfa-5431	117	21	.	.	PUNCT
ajfa-5431	118	1	when	when	SCONJ
ajfa-5431	118	2	company	company	NOUN
ajfa-5431	118	3	’s	’s	PART
ajfa-5431	118	4	directors	director	NOUN
ajfa-5431	118	5	pledge	pledge	VERB
ajfa-5431	118	6	the	the	DET
ajfa-5431	118	7	shares	share	NOUN
ajfa-5431	118	8	that	that	PRON
ajfa-5431	118	9	they	they	PRON
ajfa-5431	118	10	own	own	VERB
ajfa-5431	118	11	to	to	ADP
ajfa-5431	118	12	the	the	DET
ajfa-5431	118	13	bank	bank	NOUN
ajfa-5431	118	14	,	,	PUNCT
ajfa-5431	118	15	this	this	PRON
ajfa-5431	118	16	is	be	AUX
ajfa-5431	118	17	the	the	DET
ajfa-5431	118	18	same	same	ADJ
ajfa-5431	118	19	as	as	ADP
ajfa-5431	118	20	retracting	retract	VERB
ajfa-5431	118	21	capital	capital	NOUN
ajfa-5431	118	22	at	at	ADP
ajfa-5431	118	23	an	an	DET
ajfa-5431	118	24	early	early	ADJ
ajfa-5431	118	25	stage	stage	NOUN
ajfa-5431	118	26	but	but	CCONJ
ajfa-5431	118	27	still	still	ADV
ajfa-5431	118	28	hold	hold	VERB
ajfa-5431	118	29	entitlement	entitlement	NOUN
ajfa-5431	118	30	to	to	ADP
ajfa-5431	118	31	the	the	DET
ajfa-5431	118	32	company	company	NOUN
ajfa-5431	118	33	.	.	PUNCT
ajfa-5431	119	1	the	the	PRON
ajfa-5431	119	2	higher	high	ADJ
ajfa-5431	119	3	the	the	DET
ajfa-5431	119	4	directors	director	NOUN
ajfa-5431	119	5	’	'	PUNCT
ajfa-5431	119	6	pledge	pledge	NOUN
ajfa-5431	119	7	,	,	PUNCT
ajfa-5431	119	8	the	the	DET
ajfa-5431	119	9	more	more	ADV
ajfa-5431	119	10	distorted	distort	VERB
ajfa-5431	119	11	the	the	DET
ajfa-5431	119	12	company	company	NOUN
ajfa-5431	119	13	’s	’s	PART
ajfa-5431	119	14	financial	financial	ADJ
ajfa-5431	119	15	structure	structure	NOUN
ajfa-5431	119	16	will	will	AUX
ajfa-5431	119	17	be	be	AUX
ajfa-5431	119	18	and	and	CCONJ
ajfa-5431	119	19	thus	thus	ADV
ajfa-5431	119	20	higher	high	ADJ
ajfa-5431	119	21	possibility	possibility	NOUN
ajfa-5431	119	22	of	of	ADP
ajfa-5431	119	23	the	the	DET
ajfa-5431	119	24	company	company	NOUN
ajfa-5431	119	25	being	be	AUX
ajfa-5431	119	26	delisted	delist	VERB
ajfa-5431	119	27	.	.	PUNCT
ajfa-5431	120	1	fama	fama	PROPN
ajfa-5431	120	2	and	and	CCONJ
ajfa-5431	120	3	jenson	jenson	PROPN
ajfa-5431	120	4	(	(	PUNCT
ajfa-5431	120	5	1983	1983	NUM
ajfa-5431	120	6	)	)	PUNCT
ajfa-5431	120	7	and	and	CCONJ
ajfa-5431	120	8	jensen	jensen	PROPN
ajfa-5431	120	9	and	and	CCONJ
ajfa-5431	120	10	meckling	meckling	NOUN
ajfa-5431	120	11	(	(	PUNCT
ajfa-5431	120	12	1976	1976	NUM
ajfa-5431	120	13	)	)	PUNCT
ajfa-5431	120	14	both	both	PRON
ajfa-5431	120	15	indicated	indicate	VERB
ajfa-5431	120	16	that	that	SCONJ
ajfa-5431	120	17	the	the	PRON
ajfa-5431	120	18	higher	high	ADJ
ajfa-5431	120	19	the	the	DET
ajfa-5431	120	20	ownership	ownership	NOUN
ajfa-5431	120	21	,	,	PUNCT
ajfa-5431	120	22	the	the	PRON
ajfa-5431	120	23	lower	low	ADJ
ajfa-5431	120	24	the	the	DET
ajfa-5431	120	25	agency	agency	NOUN
ajfa-5431	120	26	cost	cost	NOUN
ajfa-5431	120	27	,	,	PUNCT
ajfa-5431	120	28	resulting	result	VERB
ajfa-5431	120	29	in	in	ADP
ajfa-5431	120	30	lower	low	ADJ
ajfa-5431	120	31	chances	chance	NOUN
ajfa-5431	120	32	for	for	ADP
ajfa-5431	120	33	managers	manager	NOUN
ajfa-5431	120	34	to	to	ADP
ajfa-5431	120	35	self	self	NOUN
ajfa-5431	120	36	profit	profit	NOUN
ajfa-5431	120	37	.	.	PUNCT
ajfa-5431	121	1	it	it	PRON
ajfa-5431	121	2	is	be	AUX
ajfa-5431	121	3	expected	expect	VERB
ajfa-5431	121	4	for	for	ADP
ajfa-5431	121	5	companies	company	NOUN
ajfa-5431	121	6	with	with	ADP
ajfa-5431	121	7	high	high	ADJ
ajfa-5431	121	8	director	director	NOUN
ajfa-5431	121	9	’s	’s	PART
ajfa-5431	121	10	ownership	ownership	NOUN
ajfa-5431	121	11	,	,	PUNCT
ajfa-5431	121	12	there	there	PRON
ajfa-5431	121	13	is	be	VERB
ajfa-5431	121	14	lesser	less	ADJ
ajfa-5431	121	15	possibility	possibility	NOUN
ajfa-5431	121	16	of	of	ADP
ajfa-5431	121	17	the	the	DET
ajfa-5431	121	18	company	company	NOUN
ajfa-5431	121	19	being	be	AUX
ajfa-5431	121	20	delisted	delist	VERB
ajfa-5431	121	21	.	.	PUNCT
ajfa-5431	122	1	the	the	DET
ajfa-5431	122	2	rate	rate	NOUN
ajfa-5431	122	3	of	of	ADP
ajfa-5431	122	4	company	company	NOUN
ajfa-5431	122	5	failure	failure	NOUN
ajfa-5431	122	6	announced	announce	VERB
ajfa-5431	122	7	after	after	SCONJ
ajfa-5431	122	8	no.33	no.33	ADJ
ajfa-5431	122	9	bulletin	bulletin	NOUN
ajfa-5431	122	10	should	should	AUX
ajfa-5431	122	11	be	be	AUX
ajfa-5431	122	12	lower	low	ADJ
ajfa-5431	122	13	than	than	ADP
ajfa-5431	122	14	companies	company	NOUN
ajfa-5431	122	15	that	that	PRON
ajfa-5431	122	16	have	have	AUX
ajfa-5431	122	17	been	be	AUX
ajfa-5431	122	18	issued	issue	VERB
ajfa-5431	122	19	with	with	ADP
ajfa-5431	122	20	going	go	VERB
ajfa-5431	122	21	concern	concern	NOUN
ajfa-5431	122	22	prior	prior	ADV
ajfa-5431	122	23	to	to	ADP
ajfa-5431	122	24	the	the	DET
ajfa-5431	122	25	bulletin	bulletin	NOUN
ajfa-5431	122	26	.	.	PUNCT
ajfa-5431	123	1	with	with	ADP
ajfa-5431	123	2	this	this	DET
ajfa-5431	123	3	influential	influential	ADJ
ajfa-5431	123	4	factor	factor	NOUN
ajfa-5431	123	5	in	in	ADP
ajfa-5431	123	6	mind	mind	NOUN
ajfa-5431	123	7	,	,	PUNCT
ajfa-5431	123	8	a	a	DET
ajfa-5431	123	9	dummy	dummy	ADJ
ajfa-5431	123	10	variable	variable	NOUN
ajfa-5431	123	11	is	be	AUX
ajfa-5431	123	12	set	set	VERB
ajfa-5431	123	13	.	.	PUNCT
ajfa-5431	124	1	after	after	ADP
ajfa-5431	124	2	the	the	DET
ajfa-5431	124	3	announcement	announcement	NOUN
ajfa-5431	124	4	of	of	ADP
ajfa-5431	124	5	no.33	no.33	PROPN
ajfa-5431	124	6	bulletin	bulletin	NOUN
ajfa-5431	124	7	is	be	AUX
ajfa-5431	124	8	1	1	NUM
ajfa-5431	124	9	and	and	CCONJ
ajfa-5431	124	10	before	before	SCONJ
ajfa-5431	124	11	this	this	DET
ajfa-5431	124	12	period	period	NOUN
ajfa-5431	124	13	is	be	AUX
ajfa-5431	124	14	0	0	NUM
ajfa-5431	124	15	,	,	PUNCT
ajfa-5431	124	16	to	to	PART
ajfa-5431	124	17	control	control	VERB
ajfa-5431	124	18	the	the	DET
ajfa-5431	124	19	effect	effect	NOUN
ajfa-5431	124	20	of	of	ADP
ajfa-5431	124	21	no.33	no.33	PROPN
ajfa-5431	124	22	bulletin	bulletin	NOUN
ajfa-5431	124	23	.	.	PUNCT
ajfa-5431	125	1	the	the	DET
ajfa-5431	125	2	general	general	ADJ
ajfa-5431	125	3	structure	structure	NOUN
ajfa-5431	125	4	including	include	VERB
ajfa-5431	125	5	company	company	NOUN
ajfa-5431	125	6	age	age	NOUN
ajfa-5431	125	7	and	and	CCONJ
ajfa-5431	125	8	size	size	NOUN
ajfa-5431	125	9	.	.	PUNCT
ajfa-5431	126	1	the	the	DET
ajfa-5431	126	2	years	year	NOUN
ajfa-5431	126	3	ranging	range	VERB
ajfa-5431	126	4	from	from	ADP
ajfa-5431	126	5	setting	set	VERB
ajfa-5431	126	6	up	up	ADP
ajfa-5431	126	7	or	or	CCONJ
ajfa-5431	126	8	start	start	VERB
ajfa-5431	126	9	of	of	ADP
ajfa-5431	126	10	the	the	DET
ajfa-5431	126	11	company	company	NOUN
ajfa-5431	126	12	until	until	ADP
ajfa-5431	126	13	sample	sample	NOUN
ajfa-5431	126	14	study	study	NOUN
ajfa-5431	126	15	period	period	NOUN
ajfa-5431	126	16	,	,	PUNCT
ajfa-5431	126	17	because	because	SCONJ
ajfa-5431	126	18	companies	company	NOUN
ajfa-5431	126	19	that	that	PRON
ajfa-5431	126	20	have	have	AUX
ajfa-5431	126	21	set	set	VERB
ajfa-5431	126	22	up	up	ADP
ajfa-5431	126	23	earlier	early	ADV
ajfa-5431	126	24	might	might	AUX
ajfa-5431	126	25	have	have	AUX
ajfa-5431	126	26	accumulated	accumulate	VERB
ajfa-5431	126	27	better	well	ADJ
ajfa-5431	126	28	profitability	profitability	NOUN
ajfa-5431	126	29	and	and	CCONJ
ajfa-5431	126	30	operational	operational	ADJ
ajfa-5431	126	31	experiences	experience	NOUN
ajfa-5431	126	32	,	,	PUNCT
ajfa-5431	126	33	there	there	PRON
ajfa-5431	126	34	is	be	VERB
ajfa-5431	126	35	lower	low	ADJ
ajfa-5431	126	36	possibility	possibility	NOUN
ajfa-5431	126	37	of	of	ADP
ajfa-5431	126	38	delisting	delisting	NOUN
ajfa-5431	126	39	(	(	PUNCT
ajfa-5431	126	40	chen	chen	PROPN
ajfa-5431	126	41	and	and	CCONJ
ajfa-5431	126	42	lee	lee	PROPN
ajfa-5431	126	43	,	,	PUNCT
ajfa-5431	126	44	1993	1993	NUM
ajfa-5431	126	45	)	)	PUNCT
ajfa-5431	126	46	.	.	PUNCT
ajfa-5431	127	1	ohlson	ohlson	NOUN
ajfa-5431	127	2	(	(	PUNCT
ajfa-5431	127	3	1980	1980	NUM
ajfa-5431	127	4	)	)	PUNCT
ajfa-5431	127	5	and	and	CCONJ
ajfa-5431	127	6	chen	chen	PROPN
ajfa-5431	127	7	and	and	CCONJ
ajfa-5431	127	8	lee	lee	PROPN
ajfa-5431	127	9	(	(	PUNCT
ajfa-5431	127	10	1993	1993	NUM
ajfa-5431	127	11	)	)	PUNCT
ajfa-5431	127	12	both	both	PRON
ajfa-5431	127	13	agreed	agree	VERB
ajfa-5431	127	14	on	on	ADP
ajfa-5431	127	15	the	the	DET
ajfa-5431	127	16	fact	fact	NOUN
ajfa-5431	127	17	that	that	SCONJ
ajfa-5431	127	18	the	the	PRON
ajfa-5431	127	19	larger	large	ADJ
ajfa-5431	127	20	the	the	DET
ajfa-5431	127	21	companies	company	NOUN
ajfa-5431	127	22	in	in	ADP
ajfa-5431	127	23	size	size	NOUN
ajfa-5431	127	24	,	,	PUNCT
ajfa-5431	127	25	the	the	DET
ajfa-5431	127	26	more	more	ADJ
ajfa-5431	127	27	resources	resource	NOUN
ajfa-5431	127	28	will	will	AUX
ajfa-5431	127	29	be	be	AUX
ajfa-5431	127	30	made	make	VERB
ajfa-5431	127	31	available	available	ADJ
ajfa-5431	127	32	,	,	PUNCT
ajfa-5431	127	33	therefore	therefore	ADV
ajfa-5431	127	34	lesser	less	ADJ
ajfa-5431	127	35	possibility	possibility	NOUN
ajfa-5431	127	36	of	of	ADP
ajfa-5431	127	37	financial	financial	ADJ
ajfa-5431	127	38	distress	distress	NOUN
ajfa-5431	127	39	,	,	PUNCT
ajfa-5431	127	40	and	and	CCONJ
ajfa-5431	127	41	lower	low	ADJ
ajfa-5431	127	42	delist	delist	NOUN
ajfa-5431	127	43	probability	probability	NOUN
ajfa-5431	127	44	.	.	PUNCT
ajfa-5431	128	1	the	the	DET
ajfa-5431	128	2	impacts	impact	NOUN
ajfa-5431	128	3	of	of	ADP
ajfa-5431	128	4	financial	financial	ADJ
ajfa-5431	128	5	structure	structure	NOUN
ajfa-5431	128	6	indicate	indicate	VERB
ajfa-5431	128	7	that	that	SCONJ
ajfa-5431	128	8	short	short	ADJ
ajfa-5431	128	9	and	and	CCONJ
ajfa-5431	128	10	long	long	ADJ
ajfa-5431	128	11	term	term	NOUN
ajfa-5431	128	12	solvency	solvency	NOUN
ajfa-5431	128	13	can	can	AUX
ajfa-5431	128	14	also	also	ADV
ajfa-5431	128	15	be	be	AUX
ajfa-5431	128	16	used	use	VERB
ajfa-5431	128	17	to	to	PART
ajfa-5431	128	18	evaluate	evaluate	VERB
ajfa-5431	128	19	a	a	DET
ajfa-5431	128	20	company	company	NOUN
ajfa-5431	128	21	’s	’s	PART
ajfa-5431	128	22	capital	capital	NOUN
ajfa-5431	128	23	dispatch	dispatch	NOUN
ajfa-5431	128	24	ability	ability	NOUN
ajfa-5431	128	25	.	.	PUNCT
ajfa-5431	129	1	this	this	DET
ajfa-5431	129	2	study	study	NOUN
ajfa-5431	129	3	adopted	adopt	VERB
ajfa-5431	129	4	liquidity	liquidity	NOUN
ajfa-5431	129	5	ratio	ratio	NOUN
ajfa-5431	129	6	,	,	PUNCT
ajfa-5431	129	7	ratio	ratio	NOUN
ajfa-5431	129	8	of	of	ADP
ajfa-5431	129	9	operation	operation	NOUN
ajfa-5431	129	10	fund	fund	NOUN
ajfa-5431	129	11	to	to	ADP
ajfa-5431	129	12	total	total	ADJ
ajfa-5431	129	13	assets	asset	NOUN
ajfa-5431	129	14	,	,	PUNCT
ajfa-5431	129	15	and	and	CCONJ
ajfa-5431	129	16	ratio	ratio	NOUN
ajfa-5431	129	17	of	of	ADP
ajfa-5431	129	18	operation	operation	NOUN
ajfa-5431	129	19	cash	cash	NOUN
ajfa-5431	129	20	flow	flow	NOUN
ajfa-5431	129	21	to	to	PART
ajfa-5431	129	22	total	total	ADJ
ajfa-5431	129	23	debt	debt	NOUN
ajfa-5431	129	24	to	to	PART
ajfa-5431	129	25	evaluate	evaluate	VERB
ajfa-5431	129	26	the	the	DET
ajfa-5431	129	27	company	company	NOUN
ajfa-5431	129	28	’s	’s	PART
ajfa-5431	129	29	short	short	ADJ
ajfa-5431	129	30	term	term	NOUN
ajfa-5431	129	31	solvency	solvency	NOUN
ajfa-5431	129	32	.	.	PUNCT
ajfa-5431	130	1	long	long	ADJ
ajfa-5431	130	2	term	term	NOUN
ajfa-5431	130	3	solvency	solvency	NOUN
ajfa-5431	130	4	is	be	AUX
ajfa-5431	130	5	evaluated	evaluate	VERB
ajfa-5431	130	6	by	by	ADP
ajfa-5431	130	7	leverage	leverage	NOUN
ajfa-5431	130	8	.	.	PUNCT
ajfa-5431	131	1	ohlson	ohlson	NOUN
ajfa-5431	131	2	(	(	PUNCT
ajfa-5431	131	3	1980	1980	NUM
ajfa-5431	131	4	)	)	PUNCT
ajfa-5431	131	5	discovered	discover	VERB
ajfa-5431	131	6	measurement	measurement	NOUN
ajfa-5431	131	7	of	of	ADP
ajfa-5431	131	8	liquidity	liquidity	NOUN
ajfa-5431	131	9	ratio	ratio	NOUN
ajfa-5431	131	10	has	have	VERB
ajfa-5431	131	11	a	a	DET
ajfa-5431	131	12	significant	significant	ADJ
ajfa-5431	131	13	effect	effect	NOUN
ajfa-5431	131	14	on	on	ADP
ajfa-5431	131	15	company	company	NOUN
ajfa-5431	131	16	failure	failure	NOUN
ajfa-5431	131	17	rate	rate	NOUN
ajfa-5431	131	18	.	.	PUNCT
ajfa-5431	132	1	deakin(1972	deakin(1972	PRON
ajfa-5431	132	2	)	)	PUNCT
ajfa-5431	132	3	and	and	CCONJ
ajfa-5431	132	4	ohlson	ohlson	NOUN
ajfa-5431	132	5	(	(	PUNCT
ajfa-5431	132	6	1980	1980	NUM
ajfa-5431	132	7	)	)	PUNCT
ajfa-5431	132	8	agreed	agree	VERB
ajfa-5431	132	9	that	that	SCONJ
ajfa-5431	132	10	when	when	SCONJ
ajfa-5431	132	11	the	the	DET
ajfa-5431	132	12	company	company	NOUN
ajfa-5431	132	13	is	be	AUX
ajfa-5431	132	14	continuously	continuously	ADV
ajfa-5431	132	15	in	in	ADP
ajfa-5431	132	16	a	a	DET
ajfa-5431	132	17	loss	loss	NOUN
ajfa-5431	132	18	state	state	NOUN
ajfa-5431	132	19	,	,	PUNCT
ajfa-5431	132	20	operation	operation	NOUN
ajfa-5431	132	21	fund	fund	NOUN
ajfa-5431	132	22	could	could	AUX
ajfa-5431	132	23	decrease	decrease	VERB
ajfa-5431	132	24	,	,	PUNCT
ajfa-5431	132	25	and	and	CCONJ
ajfa-5431	132	26	when	when	SCONJ
ajfa-5431	132	27	ratio	ratio	NOUN
ajfa-5431	132	28	of	of	ADP
ajfa-5431	132	29	operation	operation	NOUN
ajfa-5431	132	30	fund	fund	NOUN
ajfa-5431	132	31	to	to	ADP
ajfa-5431	132	32	total	total	ADJ
ajfa-5431	132	33	assets	asset	NOUN
ajfa-5431	132	34	is	be	AUX
ajfa-5431	132	35	lowered	lower	VERB
ajfa-5431	132	36	,	,	PUNCT
ajfa-5431	132	37	the	the	DET
ajfa-5431	132	38	company	company	NOUN
ajfa-5431	132	39	’s	’s	PART
ajfa-5431	132	40	short	short	ADJ
ajfa-5431	132	41	term	term	NOUN
ajfa-5431	132	42	solvency	solvency	NOUN
ajfa-5431	132	43	will	will	AUX
ajfa-5431	132	44	deteriorate	deteriorate	VERB
ajfa-5431	132	45	and	and	CCONJ
ajfa-5431	132	46	thus	thus	ADV
ajfa-5431	132	47	higher	high	ADJ
ajfa-5431	132	48	possibility	possibility	NOUN
ajfa-5431	132	49	of	of	ADP
ajfa-5431	132	50	delist	delist	NOUN
ajfa-5431	132	51	.	.	PUNCT
ajfa-5431	133	1	beaver	beaver	NOUN
ajfa-5431	133	2	(	(	PUNCT
ajfa-5431	133	3	1966	1966	NUM
ajfa-5431	133	4	)	)	PUNCT
ajfa-5431	133	5	stated	state	VERB
ajfa-5431	133	6	that	that	SCONJ
ajfa-5431	133	7	ratio	ratio	NOUN
ajfa-5431	133	8	of	of	ADP
ajfa-5431	133	9	operation	operation	NOUN
ajfa-5431	133	10	cash	cash	NOUN
ajfa-5431	133	11	flow	flow	NOUN
ajfa-5431	133	12	to	to	ADP
ajfa-5431	133	13	total	total	ADJ
ajfa-5431	133	14	debt	debt	NOUN
ajfa-5431	133	15	could	could	AUX
ajfa-5431	133	16	evaluate	evaluate	VERB
ajfa-5431	133	17	the	the	DET
ajfa-5431	133	18	ability	ability	NOUN
ajfa-5431	133	19	of	of	ADP
ajfa-5431	133	20	company	company	NOUN
ajfa-5431	133	21	’s	’s	PART
ajfa-5431	133	22	yearly	yearly	ADJ
ajfa-5431	133	23	cash	cash	NOUN
ajfa-5431	133	24	flow	flow	NOUN
ajfa-5431	133	25	to	to	PART
ajfa-5431	133	26	carry	carry	VERB
ajfa-5431	133	27	on	on	ADP
ajfa-5431	133	28	total	total	ADJ
ajfa-5431	133	29	debt	debt	NOUN
ajfa-5431	133	30	.	.	PUNCT
ajfa-5431	134	1	the	the	PRON
ajfa-5431	134	2	lower	low	ADJ
ajfa-5431	134	3	the	the	DET
ajfa-5431	134	4	ratio	ratio	NOUN
ajfa-5431	134	5	,	,	PUNCT
ajfa-5431	134	6	the	the	PRON
ajfa-5431	134	7	weaker	weak	ADJ
ajfa-5431	134	8	the	the	DET
ajfa-5431	134	9	ability	ability	NOUN
ajfa-5431	134	10	of	of	ADP
ajfa-5431	134	11	cash	cash	NOUN
ajfa-5431	134	12	flow	flow	NOUN
ajfa-5431	134	13	to	to	PART
ajfa-5431	134	14	repay	repay	VERB
ajfa-5431	134	15	total	total	ADJ
ajfa-5431	134	16	debt	debt	NOUN
ajfa-5431	134	17	,	,	PUNCT
ajfa-5431	134	18	thus	thus	ADV
ajfa-5431	134	19	higher	high	ADJ
ajfa-5431	134	20	possibility	possibility	NOUN
ajfa-5431	134	21	of	of	ADP
ajfa-5431	134	22	delist	delist	NOUN
ajfa-5431	134	23	due	due	ADP
ajfa-5431	134	24	to	to	ADP
ajfa-5431	134	25	debt	debt	NOUN
ajfa-5431	134	26	.	.	PUNCT
ajfa-5431	135	1	ohlson	ohlson	NOUN
ajfa-5431	135	2	(	(	PUNCT
ajfa-5431	135	3	1980	1980	NUM
ajfa-5431	135	4	)	)	PUNCT
ajfa-5431	135	5	indicated	indicate	VERB
ajfa-5431	135	6	leverage	leverage	NOUN
ajfa-5431	135	7	has	have	VERB
ajfa-5431	135	8	significant	significant	ADJ
ajfa-5431	135	9	forecast	forecast	NOUN
ajfa-5431	135	10	ability	ability	NOUN
ajfa-5431	135	11	towards	towards	ADP
ajfa-5431	135	12	corporate	corporate	ADJ
ajfa-5431	135	13	financial	financial	ADJ
ajfa-5431	135	14	distress	distress	NOUN
ajfa-5431	135	15	.	.	PUNCT
ajfa-5431	136	1	if	if	SCONJ
ajfa-5431	136	2	there	there	PRON
ajfa-5431	136	3	are	be	VERB
ajfa-5431	136	4	any	any	DET
ajfa-5431	136	5	problems	problem	NOUN
ajfa-5431	136	6	in	in	ADP
ajfa-5431	136	7	capital	capital	NOUN
ajfa-5431	136	8	dispatch	dispatch	NOUN
ajfa-5431	136	9	,	,	PUNCT
ajfa-5431	136	10	then	then	ADV
ajfa-5431	136	11	there	there	PRON
ajfa-5431	136	12	is	be	VERB
ajfa-5431	136	13	a	a	DET
ajfa-5431	136	14	high	high	ADJ
ajfa-5431	136	15	possibility	possibility	NOUN
ajfa-5431	136	16	of	of	ADP
ajfa-5431	136	17	debt	debt	NOUN
ajfa-5431	136	18	crash	crash	NOUN
ajfa-5431	136	19	,	,	PUNCT
ajfa-5431	136	20	thus	thus	ADV
ajfa-5431	136	21	higher	high	ADJ
ajfa-5431	136	22	delist	delist	NOUN
ajfa-5431	136	23	possibility	possibility	NOUN
ajfa-5431	136	24	.	.	PUNCT
ajfa-5431	137	1	using	use	VERB
ajfa-5431	137	2	operation	operation	NOUN
ajfa-5431	137	3	structure	structure	NOUN
ajfa-5431	137	4	to	to	PART
ajfa-5431	137	5	evaluate	evaluate	VERB
ajfa-5431	137	6	asset	asset	NOUN
ajfa-5431	137	7	efficiency	efficiency	NOUN
ajfa-5431	137	8	can	can	AUX
ajfa-5431	137	9	indicate	indicate	VERB
ajfa-5431	137	10	whether	whether	SCONJ
ajfa-5431	137	11	assets	asset	NOUN
ajfa-5431	137	12	have	have	AUX
ajfa-5431	137	13	been	be	AUX
ajfa-5431	137	14	effectively	effectively	ADV
ajfa-5431	137	15	utilized	utilize	VERB
ajfa-5431	137	16	.	.	PUNCT
ajfa-5431	138	1	it	it	PRON
ajfa-5431	138	2	not	not	PART
ajfa-5431	138	3	only	only	ADV
ajfa-5431	138	4	is	be	AUX
ajfa-5431	138	5	the	the	DET
ajfa-5431	138	6	key	key	ADJ
ajfa-5431	138	7	survival	survival	NOUN
ajfa-5431	138	8	factor	factor	NOUN
ajfa-5431	138	9	for	for	ADP
ajfa-5431	138	10	corporations	corporation	NOUN
ajfa-5431	138	11	in	in	ADP
ajfa-5431	138	12	the	the	DET
ajfa-5431	138	13	competitive	competitive	ADJ
ajfa-5431	138	14	market	market	NOUN
ajfa-5431	138	15	but	but	CCONJ
ajfa-5431	138	16	also	also	ADV
ajfa-5431	138	17	a	a	DET
ajfa-5431	138	18	major	major	ADJ
ajfa-5431	138	19	influential	influential	ADJ
ajfa-5431	138	20	factor	factor	NOUN
ajfa-5431	138	21	for	for	ADP
ajfa-5431	138	22	companies	company	NOUN
ajfa-5431	138	23	with	with	ADP
ajfa-5431	138	24	going	go	VERB
ajfa-5431	138	25	concern	concern	NOUN
ajfa-5431	138	26	.	.	PUNCT
ajfa-5431	139	1	this	this	DET
ajfa-5431	139	2	study	study	NOUN
ajfa-5431	139	3	uses	use	VERB
ajfa-5431	139	4	the	the	DET
ajfa-5431	139	5	ratio	ratio	NOUN
ajfa-5431	139	6	of	of	ADP
ajfa-5431	139	7	retained	retain	VERB
ajfa-5431	139	8	earnings	earning	NOUN
ajfa-5431	139	9	to	to	ADP
ajfa-5431	139	10	total	total	ADJ
ajfa-5431	139	11	assets	asset	NOUN
ajfa-5431	139	12	and	and	CCONJ
ajfa-5431	139	13	ratio	ratio	NOUN
ajfa-5431	139	14	of	of	ADP
ajfa-5431	139	15	market	market	NOUN
ajfa-5431	139	16	value	value	NOUN
ajfa-5431	139	17	to	to	PART
ajfa-5431	139	18	total	total	VERB
ajfa-5431	139	19	debt	debt	NOUN
ajfa-5431	139	20	for	for	ADP
ajfa-5431	139	21	evaluation	evaluation	NOUN
ajfa-5431	139	22	.	.	PUNCT
ajfa-5431	140	1	altman	altman	NOUN
ajfa-5431	140	2	(	(	PUNCT
ajfa-5431	140	3	1968	1968	NUM
ajfa-5431	140	4	)	)	PUNCT
ajfa-5431	140	5	used	use	VERB
ajfa-5431	140	6	ratio	ratio	NOUN
ajfa-5431	140	7	of	of	ADP
ajfa-5431	140	8	retained	retain	VERB
ajfa-5431	140	9	earnings	earning	NOUN
ajfa-5431	140	10	to	to	ADP
ajfa-5431	140	11	total	total	ADJ
ajfa-5431	140	12	assets	asset	NOUN
ajfa-5431	140	13	to	to	PART
ajfa-5431	140	14	evaluate	evaluate	VERB
ajfa-5431	140	15	the	the	DET
ajfa-5431	140	16	level	level	NOUN
ajfa-5431	140	17	asian	asian	ADJ
ajfa-5431	140	18	journal	journal	NOUN
ajfa-5431	140	19	of	of	ADP
ajfa-5431	140	20	finance	finance	PROPN
ajfa-5431	140	21	&	&	CCONJ
ajfa-5431	140	22	accounting	accounting	PROPN
ajfa-5431	140	23	issn	issn	PROPN
ajfa-5431	140	24	1946	1946	NUM
ajfa-5431	140	25	-	-	PUNCT
ajfa-5431	140	26	052x	052x	PROPN
ajfa-5431	140	27	2014	2014	NUM
ajfa-5431	140	28	,	,	PUNCT
ajfa-5431	140	29	vol	vol	NOUN
ajfa-5431	140	30	.	.	PROPN
ajfa-5431	141	1	6	6	NUM
ajfa-5431	141	2	,	,	PUNCT
ajfa-5431	141	3	no	no	INTJ
ajfa-5431	141	4	.	.	NOUN
ajfa-5431	141	5	1	1	NUM
ajfa-5431	141	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5431	141	7	313	313	NUM
ajfa-5431	141	8	of	of	ADP
ajfa-5431	141	9	company	company	NOUN
ajfa-5431	141	10	’s	’s	PART
ajfa-5431	141	11	profit	profit	NOUN
ajfa-5431	141	12	accumulative	accumulative	ADJ
ajfa-5431	141	13	ability	ability	NOUN
ajfa-5431	141	14	.	.	PUNCT
ajfa-5431	142	1	the	the	PRON
ajfa-5431	142	2	lower	low	ADJ
ajfa-5431	142	3	the	the	DET
ajfa-5431	142	4	ratio	ratio	NOUN
ajfa-5431	142	5	is	be	AUX
ajfa-5431	142	6	,	,	PUNCT
ajfa-5431	142	7	the	the	DET
ajfa-5431	142	8	higher	high	ADJ
ajfa-5431	142	9	chances	chance	NOUN
ajfa-5431	142	10	of	of	ADP
ajfa-5431	142	11	companies	company	NOUN
ajfa-5431	142	12	being	be	AUX
ajfa-5431	142	13	delisted	delist	VERB
ajfa-5431	142	14	.	.	PUNCT
ajfa-5431	143	1	altman	altman	NOUN
ajfa-5431	143	2	(	(	PUNCT
ajfa-5431	143	3	1968	1968	NUM
ajfa-5431	143	4	)	)	PUNCT
ajfa-5431	143	5	regarded	regard	VERB
ajfa-5431	143	6	the	the	DET
ajfa-5431	143	7	ratio	ratio	NOUN
ajfa-5431	143	8	of	of	ADP
ajfa-5431	143	9	market	market	NOUN
ajfa-5431	143	10	value	value	NOUN
ajfa-5431	143	11	to	to	PART
ajfa-5431	143	12	total	total	VERB
ajfa-5431	143	13	debt	debt	NOUN
ajfa-5431	143	14	as	as	ADP
ajfa-5431	143	15	an	an	DET
ajfa-5431	143	16	evaluation	evaluation	NOUN
ajfa-5431	143	17	to	to	PART
ajfa-5431	143	18	represent	represent	VERB
ajfa-5431	143	19	the	the	DET
ajfa-5431	143	20	decrease	decrease	NOUN
ajfa-5431	143	21	in	in	ADP
ajfa-5431	143	22	company	company	NOUN
ajfa-5431	143	23	asset	asset	NOUN
ajfa-5431	143	24	value	value	NOUN
ajfa-5431	143	25	.	.	PUNCT
ajfa-5431	144	1	low	low	ADJ
ajfa-5431	144	2	ratios	ratio	NOUN
ajfa-5431	144	3	mean	mean	VERB
ajfa-5431	144	4	company	company	NOUN
ajfa-5431	144	5	market	market	NOUN
ajfa-5431	144	6	value	value	NOUN
ajfa-5431	144	7	is	be	AUX
ajfa-5431	144	8	relatively	relatively	ADV
ajfa-5431	144	9	lower	low	ADJ
ajfa-5431	144	10	than	than	ADP
ajfa-5431	144	11	total	total	ADJ
ajfa-5431	144	12	debt	debt	NOUN
ajfa-5431	144	13	,	,	PUNCT
ajfa-5431	144	14	thus	thus	ADV
ajfa-5431	144	15	there	there	PRON
ajfa-5431	144	16	is	be	VERB
ajfa-5431	144	17	a	a	DET
ajfa-5431	144	18	serious	serious	ADJ
ajfa-5431	144	19	decrease	decrease	NOUN
ajfa-5431	144	20	in	in	ADP
ajfa-5431	144	21	company	company	NOUN
ajfa-5431	144	22	asset	asset	NOUN
ajfa-5431	144	23	value	value	NOUN
ajfa-5431	144	24	,	,	PUNCT
ajfa-5431	144	25	leading	lead	VERB
ajfa-5431	144	26	to	to	ADP
ajfa-5431	144	27	higher	high	ADJ
ajfa-5431	144	28	possibility	possibility	NOUN
ajfa-5431	144	29	of	of	ADP
ajfa-5431	144	30	being	be	AUX
ajfa-5431	144	31	delisted	delist	VERB
ajfa-5431	144	32	.	.	PUNCT
ajfa-5431	145	1	in	in	ADP
ajfa-5431	145	2	the	the	DET
ajfa-5431	145	3	analysis	analysis	NOUN
ajfa-5431	145	4	of	of	ADP
ajfa-5431	145	5	this	this	DET
ajfa-5431	145	6	study	study	NOUN
ajfa-5431	145	7	on	on	ADP
ajfa-5431	145	8	companies	company	NOUN
ajfa-5431	145	9	which	which	PRON
ajfa-5431	145	10	have	have	AUX
ajfa-5431	145	11	been	be	AUX
ajfa-5431	145	12	issued	issue	VERB
ajfa-5431	145	13	with	with	ADP
ajfa-5431	145	14	going	go	VERB
ajfa-5431	145	15	concern	concern	NOUN
ajfa-5431	145	16	,	,	PUNCT
ajfa-5431	145	17	26.45	26.45	NUM
ajfa-5431	145	18	%	%	NOUN
ajfa-5431	145	19	of	of	ADP
ajfa-5431	145	20	them	they	PRON
ajfa-5431	145	21	are	be	AUX
ajfa-5431	145	22	electronics	electronic	NOUN
ajfa-5431	145	23	listed	list	VERB
ajfa-5431	145	24	companies	company	NOUN
ajfa-5431	145	25	.	.	PUNCT
ajfa-5431	146	1	in	in	ADP
ajfa-5431	146	2	order	order	NOUN
ajfa-5431	146	3	to	to	PART
ajfa-5431	146	4	consider	consider	VERB
ajfa-5431	146	5	the	the	DET
ajfa-5431	146	6	possible	possible	ADJ
ajfa-5431	146	7	effect	effect	NOUN
ajfa-5431	146	8	of	of	ADP
ajfa-5431	146	9	industry	industry	NOUN
ajfa-5431	146	10	variance	variance	NOUN
ajfa-5431	146	11	,	,	PUNCT
ajfa-5431	146	12	the	the	DET
ajfa-5431	146	13	paper	paper	NOUN
ajfa-5431	146	14	controls	control	VERB
ajfa-5431	146	15	the	the	DET
ajfa-5431	146	16	factor	factor	NOUN
ajfa-5431	146	17	of	of	ADP
ajfa-5431	146	18	electronic	electronic	ADJ
ajfa-5431	146	19	/	/	SYM
ajfa-5431	146	20	non	non	X
ajfa-5431	146	21	electronic	electronic	ADJ
ajfa-5431	146	22	companies	company	NOUN
ajfa-5431	146	23	on	on	ADP
ajfa-5431	146	24	companies	company	NOUN
ajfa-5431	146	25	being	be	AUX
ajfa-5431	146	26	delisted	delist	VERB
ajfa-5431	146	27	.	.	PUNCT
ajfa-5431	147	1	additionally	additionally	ADV
ajfa-5431	147	2	,	,	PUNCT
ajfa-5431	147	3	the	the	DET
ajfa-5431	147	4	period	period	NOUN
ajfa-5431	147	5	of	of	ADP
ajfa-5431	147	6	this	this	DET
ajfa-5431	147	7	study	study	NOUN
ajfa-5431	147	8	is	be	AUX
ajfa-5431	147	9	20	20	NUM
ajfa-5431	147	10	years	year	NOUN
ajfa-5431	147	11	.	.	PUNCT
ajfa-5431	148	1	there	there	PRON
ajfa-5431	148	2	were	be	VERB
ajfa-5431	148	3	numerous	numerous	ADJ
ajfa-5431	148	4	major	major	ADJ
ajfa-5431	148	5	prosperity	prosperity	NOUN
ajfa-5431	148	6	fluctuations	fluctuation	NOUN
ajfa-5431	148	7	within	within	ADP
ajfa-5431	148	8	this	this	DET
ajfa-5431	148	9	period	period	NOUN
ajfa-5431	148	10	,	,	PUNCT
ajfa-5431	148	11	for	for	ADP
ajfa-5431	148	12	example	example	NOUN
ajfa-5431	148	13	1990	1990	NUM
ajfa-5431	148	14	’s	’s	NOUN
ajfa-5431	148	15	stock	stock	NOUN
ajfa-5431	148	16	crash	crash	NOUN
ajfa-5431	148	17	,	,	PUNCT
ajfa-5431	148	18	1998	1998	NUM
ajfa-5431	148	19	’s	’s	PART
ajfa-5431	148	20	asian	asian	ADJ
ajfa-5431	148	21	financial	financial	ADJ
ajfa-5431	148	22	crisis	crisis	NOUN
ajfa-5431	148	23	,	,	PUNCT
ajfa-5431	148	24	1999	1999	NUM
ajfa-5431	148	25	taiwan	taiwan	PROPN
ajfa-5431	148	26	financial	financial	ADJ
ajfa-5431	148	27	crisis	crisis	NOUN
ajfa-5431	148	28	and	and	CCONJ
ajfa-5431	148	29	2001	2001	NUM
ajfa-5431	148	30	’s	’s	PART
ajfa-5431	148	31	internet	internet	NOUN
ajfa-5431	148	32	bubble	bubble	NOUN
ajfa-5431	148	33	-	-	PUNCT
ajfa-5431	148	34	bursting	burst	VERB
ajfa-5431	148	35	crisis	crisis	NOUN
ajfa-5431	148	36	.	.	PUNCT
ajfa-5431	149	1	therefore	therefore	ADV
ajfa-5431	149	2	there	there	PRON
ajfa-5431	149	3	is	be	VERB
ajfa-5431	149	4	a	a	DET
ajfa-5431	149	5	need	need	NOUN
ajfa-5431	149	6	for	for	ADP
ajfa-5431	149	7	including	include	VERB
ajfa-5431	149	8	macroeconomic	macroeconomic	ADJ
ajfa-5431	149	9	structure	structure	NOUN
ajfa-5431	149	10	’s	’s	PART
ajfa-5431	149	11	effect	effect	NOUN
ajfa-5431	149	12	in	in	ADP
ajfa-5431	149	13	the	the	DET
ajfa-5431	149	14	analysis	analysis	NOUN
ajfa-5431	149	15	.	.	PUNCT
ajfa-5431	150	1	this	this	DET
ajfa-5431	150	2	study	study	NOUN
ajfa-5431	150	3	set	set	VERB
ajfa-5431	150	4	the	the	DET
ajfa-5431	150	5	variable	variable	NOUN
ajfa-5431	150	6	using	use	VERB
ajfa-5431	150	7	seasonal	seasonal	ADJ
ajfa-5431	150	8	prosperity	prosperity	NOUN
ajfa-5431	150	9	indications	indication	NOUN
ajfa-5431	150	10	released	release	VERB
ajfa-5431	150	11	by	by	ADP
ajfa-5431	150	12	council	council	PROPN
ajfa-5431	150	13	for	for	ADP
ajfa-5431	150	14	economic	economic	ADJ
ajfa-5431	150	15	planning	planning	NOUN
ajfa-5431	150	16	and	and	CCONJ
ajfa-5431	150	17	development	development	NOUN
ajfa-5431	150	18	.	.	PUNCT
ajfa-5431	151	1	quarter	quarter	NOUN
ajfa-5431	151	2	indicators	indicator	NOUN
ajfa-5431	151	3	above	above	ADP
ajfa-5431	151	4	23	23	NUM
ajfa-5431	151	5	points	point	NOUN
ajfa-5431	151	6	is	be	AUX
ajfa-5431	151	7	0	0	NUM
ajfa-5431	151	8	,	,	PUNCT
ajfa-5431	151	9	where	where	SCONJ
ajfa-5431	151	10	23	23	NUM
ajfa-5431	151	11	points	point	NOUN
ajfa-5431	151	12	is	be	AUX
ajfa-5431	151	13	the	the	DET
ajfa-5431	151	14	lowest	low	ADJ
ajfa-5431	151	15	point	point	NOUN
ajfa-5431	151	16	for	for	ADP
ajfa-5431	151	17	green	green	ADJ
ajfa-5431	151	18	light	light	NOUN
ajfa-5431	151	19	in	in	ADP
ajfa-5431	151	20	prosperity	prosperity	NOUN
ajfa-5431	151	21	indication	indication	NOUN
ajfa-5431	151	22	.	.	PUNCT
ajfa-5431	152	1	under	under	ADP
ajfa-5431	152	2	22	22	NUM
ajfa-5431	152	3	points	point	NOUN
ajfa-5431	152	4	is	be	AUX
ajfa-5431	152	5	1	1	NUM
ajfa-5431	152	6	,	,	PUNCT
ajfa-5431	152	7	to	to	PART
ajfa-5431	152	8	regulate	regulate	VERB
ajfa-5431	152	9	the	the	DET
ajfa-5431	152	10	effects	effect	NOUN
ajfa-5431	152	11	of	of	ADP
ajfa-5431	152	12	macroeconomics	macroeconomic	NOUN
ajfa-5431	152	13	to	to	ADP
ajfa-5431	152	14	companies	company	NOUN
ajfa-5431	152	15	’	'	PUNCT
ajfa-5431	152	16	possibility	possibility	NOUN
ajfa-5431	152	17	of	of	ADP
ajfa-5431	152	18	being	be	AUX
ajfa-5431	152	19	delisted	delist	VERB
ajfa-5431	152	20	.	.	PUNCT
ajfa-5431	153	1	5	5	X
ajfa-5431	153	2	.	.	X
ajfa-5431	153	3	data	datum	NOUN
ajfa-5431	153	4	and	and	CCONJ
ajfa-5431	153	5	sample	sample	NOUN
ajfa-5431	153	6	selection	selection	NOUN
ajfa-5431	153	7	the	the	DET
ajfa-5431	153	8	observations	observation	NOUN
ajfa-5431	153	9	are	be	AUX
ajfa-5431	153	10	companies	company	NOUN
ajfa-5431	153	11	which	which	PRON
ajfa-5431	153	12	have	have	AUX
ajfa-5431	153	13	been	be	AUX
ajfa-5431	153	14	issued	issue	VERB
ajfa-5431	153	15	their	their	PRON
ajfa-5431	153	16	first	first	ADJ
ajfa-5431	153	17	going	go	VERB
ajfa-5431	153	18	concern	concern	NOUN
ajfa-5431	153	19	suspect	suspect	VERB
ajfa-5431	153	20	reports	report	NOUN
ajfa-5431	153	21	after	after	SCONJ
ajfa-5431	153	22	financial	financial	ADJ
ajfa-5431	153	23	reports	report	NOUN
ajfa-5431	153	24	have	have	AUX
ajfa-5431	153	25	been	be	AUX
ajfa-5431	153	26	audited	audit	VERB
ajfa-5431	153	27	by	by	ADP
ajfa-5431	153	28	auditor	auditor	NOUN
ajfa-5431	153	29	with	with	ADP
ajfa-5431	153	30	signing	signing	NOUN
ajfa-5431	153	31	of	of	ADP
ajfa-5431	153	32	modified	modify	VERB
ajfa-5431	153	33	unqualified	unqualified	ADJ
ajfa-5431	153	34	opinion	opinion	NOUN
ajfa-5431	153	35	,	,	PUNCT
ajfa-5431	153	36	qualified	qualified	ADJ
ajfa-5431	153	37	opinion	opinion	NOUN
ajfa-5431	153	38	,	,	PUNCT
ajfa-5431	153	39	or	or	CCONJ
ajfa-5431	153	40	adverse	adverse	ADJ
ajfa-5431	153	41	opinion	opinion	NOUN
ajfa-5431	153	42	reports	report	NOUN
ajfa-5431	153	43	.	.	PUNCT
ajfa-5431	154	1	relative	relative	ADJ
ajfa-5431	154	2	explanatory	explanatory	ADJ
ajfa-5431	154	3	variables	variable	NOUN
ajfa-5431	154	4	,	,	PUNCT
ajfa-5431	154	5	as	as	SCONJ
ajfa-5431	154	6	extracted	extract	VERB
ajfa-5431	154	7	from	from	ADP
ajfa-5431	154	8	tej	tej	NOUN
ajfa-5431	154	9	(	(	PUNCT
ajfa-5431	154	10	taiwan	taiwan	PROPN
ajfa-5431	154	11	economic	economic	ADJ
ajfa-5431	154	12	journal	journal	PROPN
ajfa-5431	154	13	)	)	PUNCT
ajfa-5431	154	14	,	,	PUNCT
ajfa-5431	154	15	are	be	AUX
ajfa-5431	154	16	also	also	ADV
ajfa-5431	154	17	used	use	VERB
ajfa-5431	154	18	to	to	PART
ajfa-5431	154	19	construct	construct	VERB
ajfa-5431	154	20	the	the	DET
ajfa-5431	154	21	model	model	NOUN
ajfa-5431	154	22	to	to	PART
ajfa-5431	154	23	investigate	investigate	VERB
ajfa-5431	154	24	company	company	NOUN
ajfa-5431	154	25	delist	delist	NOUN
ajfa-5431	154	26	behaviors4	behaviors4	NOUN
ajfa-5431	154	27	.	.	PUNCT
ajfa-5431	155	1	the	the	DET
ajfa-5431	155	2	time	time	NOUN
ajfa-5431	155	3	frame	frame	NOUN
ajfa-5431	155	4	of	of	ADP
ajfa-5431	155	5	this	this	DET
ajfa-5431	155	6	study	study	NOUN
ajfa-5431	155	7	started	start	VERB
ajfa-5431	155	8	from	from	ADP
ajfa-5431	155	9	1988	1988	NUM
ajfa-5431	155	10	to	to	ADP
ajfa-5431	155	11	2007	2007	NUM
ajfa-5431	155	12	,	,	PUNCT
ajfa-5431	155	13	totaling	total	VERB
ajfa-5431	155	14	20	20	NUM
ajfa-5431	155	15	years	year	NOUN
ajfa-5431	155	16	or	or	CCONJ
ajfa-5431	155	17	80	80	NUM
ajfa-5431	155	18	quarters	quarter	NOUN
ajfa-5431	155	19	.	.	PUNCT
ajfa-5431	156	1	due	due	ADP
ajfa-5431	156	2	to	to	ADP
ajfa-5431	156	3	the	the	DET
ajfa-5431	156	4	fact	fact	NOUN
ajfa-5431	156	5	that	that	SCONJ
ajfa-5431	156	6	generally	generally	ADV
ajfa-5431	156	7	there	there	PRON
ajfa-5431	156	8	is	be	VERB
ajfa-5431	156	9	a	a	DET
ajfa-5431	156	10	lapse	lapse	NOUN
ajfa-5431	156	11	of	of	ADP
ajfa-5431	156	12	time	time	NOUN
ajfa-5431	156	13	for	for	SCONJ
ajfa-5431	156	14	a	a	DET
ajfa-5431	156	15	company	company	NOUN
ajfa-5431	156	16	to	to	PART
ajfa-5431	156	17	experience	experience	VERB
ajfa-5431	156	18	financial	financial	ADJ
ajfa-5431	156	19	difficulty	difficulty	NOUN
ajfa-5431	156	20	to	to	ADP
ajfa-5431	156	21	final	final	ADJ
ajfa-5431	156	22	delist	delist	NOUN
ajfa-5431	156	23	stage	stage	NOUN
ajfa-5431	156	24	,	,	PUNCT
ajfa-5431	156	25	so	so	CCONJ
ajfa-5431	156	26	the	the	DET
ajfa-5431	156	27	study	study	NOUN
ajfa-5431	156	28	model	model	NOUN
ajfa-5431	156	29	considered	consider	VERB
ajfa-5431	156	30	the	the	DET
ajfa-5431	156	31	date	date	NOUN
ajfa-5431	156	32	upon	upon	SCONJ
ajfa-5431	156	33	first	first	ADJ
ajfa-5431	156	34	issuance	issuance	NOUN
ajfa-5431	156	35	of	of	ADP
ajfa-5431	156	36	going	go	VERB
ajfa-5431	156	37	concern	concern	NOUN
ajfa-5431	156	38	suspect	suspect	VERB
ajfa-5431	156	39	until	until	ADP
ajfa-5431	156	40	the	the	DET
ajfa-5431	156	41	delist	delist	NOUN
ajfa-5431	156	42	date	date	NOUN
ajfa-5431	156	43	or	or	CCONJ
ajfa-5431	156	44	until	until	SCONJ
ajfa-5431	156	45	the	the	DET
ajfa-5431	156	46	study	study	NOUN
ajfa-5431	156	47	end	end	VERB
ajfa-5431	156	48	date	date	NOUN
ajfa-5431	156	49	(	(	PUNCT
ajfa-5431	156	50	right	right	ADJ
ajfa-5431	156	51	censored	censored	ADJ
ajfa-5431	156	52	data	datum	NOUN
ajfa-5431	156	53	)	)	PUNCT
ajfa-5431	156	54	as	as	ADP
ajfa-5431	156	55	“	"	PUNCT
ajfa-5431	156	56	survival	survival	NOUN
ajfa-5431	156	57	period	period	NOUN
ajfa-5431	156	58	”	"	PUNCT
ajfa-5431	156	59	.	.	PUNCT
ajfa-5431	157	1	all	all	DET
ajfa-5431	157	2	sample	sample	NOUN
ajfa-5431	157	3	companies	company	NOUN
ajfa-5431	157	4	that	that	PRON
ajfa-5431	157	5	had	have	VERB
ajfa-5431	157	6	first	first	ADJ
ajfa-5431	157	7	issuance	issuance	NOUN
ajfa-5431	157	8	of	of	ADP
ajfa-5431	157	9	going	go	VERB
ajfa-5431	157	10	concern	concern	NOUN
ajfa-5431	157	11	along	along	ADP
ajfa-5431	157	12	with	with	ADP
ajfa-5431	157	13	their	their	PRON
ajfa-5431	157	14	delist	delist	NOUN
ajfa-5431	157	15	dates	date	NOUN
ajfa-5431	157	16	are	be	AUX
ajfa-5431	157	17	recorded	record	VERB
ajfa-5431	157	18	to	to	PART
ajfa-5431	157	19	get	get	VERB
ajfa-5431	157	20	the	the	DET
ajfa-5431	157	21	survival	survival	NOUN
ajfa-5431	157	22	period	period	NOUN
ajfa-5431	157	23	of	of	ADP
ajfa-5431	157	24	each	each	DET
ajfa-5431	157	25	company	company	NOUN
ajfa-5431	157	26	,	,	PUNCT
ajfa-5431	157	27	using	use	VERB
ajfa-5431	157	28	quarter	quarter	NOUN
ajfa-5431	157	29	as	as	ADP
ajfa-5431	157	30	unit	unit	NOUN
ajfa-5431	157	31	of	of	ADP
ajfa-5431	157	32	measure	measure	NOUN
ajfa-5431	157	33	,	,	PUNCT
ajfa-5431	157	34	and	and	CCONJ
ajfa-5431	157	35	the	the	DET
ajfa-5431	157	36	result	result	NOUN
ajfa-5431	157	37	is	be	AUX
ajfa-5431	157	38	155	155	NUM
ajfa-5431	157	39	records	record	NOUN
ajfa-5431	157	40	.	.	PUNCT
ajfa-5431	158	1	if	if	SCONJ
ajfa-5431	158	2	sample	sample	NOUN
ajfa-5431	158	3	company	company	NOUN
ajfa-5431	158	4	’s	’s	PART
ajfa-5431	158	5	first	first	ADJ
ajfa-5431	158	6	issuance	issuance	NOUN
ajfa-5431	158	7	of	of	ADP
ajfa-5431	158	8	going	go	VERB
ajfa-5431	158	9	concern	concern	NOUN
ajfa-5431	158	10	suspect	suspect	VERB
ajfa-5431	158	11	date	date	NOUN
ajfa-5431	158	12	and	and	CCONJ
ajfa-5431	158	13	delist	delist	NOUN
ajfa-5431	158	14	date	date	NOUN
ajfa-5431	158	15	both	both	PRON
ajfa-5431	158	16	fell	fall	VERB
ajfa-5431	158	17	within	within	ADP
ajfa-5431	158	18	the	the	DET
ajfa-5431	158	19	study	study	NOUN
ajfa-5431	158	20	period	period	NOUN
ajfa-5431	158	21	from	from	ADP
ajfa-5431	158	22	1988	1988	NUM
ajfa-5431	158	23	to	to	ADP
ajfa-5431	158	24	2007	2007	NUM
ajfa-5431	158	25	,	,	PUNCT
ajfa-5431	158	26	then	then	ADV
ajfa-5431	158	27	this	this	DET
ajfa-5431	158	28	record	record	NOUN
ajfa-5431	158	29	is	be	AUX
ajfa-5431	158	30	called	call	VERB
ajfa-5431	158	31	“	"	PUNCT
ajfa-5431	158	32	complete	complete	ADJ
ajfa-5431	158	33	data	datum	NOUN
ajfa-5431	158	34	”	"	PUNCT
ajfa-5431	158	35	and	and	CCONJ
ajfa-5431	158	36	is	be	AUX
ajfa-5431	158	37	identified	identify	VERB
ajfa-5431	158	38	as	as	ADP
ajfa-5431	158	39	“	"	PUNCT
ajfa-5431	158	40	delisted	delisted	ADJ
ajfa-5431	158	41	or	or	CCONJ
ajfa-5431	158	42	failure	failure	NOUN
ajfa-5431	158	43	”	"	PUNCT
ajfa-5431	158	44	.	.	PUNCT
ajfa-5431	159	1	if	if	SCONJ
ajfa-5431	159	2	observations	observation	NOUN
ajfa-5431	159	3	’	'	PUNCT
ajfa-5431	159	4	delist	delist	NOUN
ajfa-5431	159	5	date	date	NOUN
ajfa-5431	159	6	happened	happen	VERB
ajfa-5431	159	7	after	after	ADP
ajfa-5431	159	8	the	the	DET
ajfa-5431	159	9	study	study	NOUN
ajfa-5431	159	10	period	period	NOUN
ajfa-5431	159	11	,	,	PUNCT
ajfa-5431	159	12	it	it	PRON
ajfa-5431	159	13	is	be	AUX
ajfa-5431	159	14	called	call	VERB
ajfa-5431	159	15	“	"	PUNCT
ajfa-5431	159	16	incomplete	incomplete	ADJ
ajfa-5431	159	17	data	datum	NOUN
ajfa-5431	159	18	”	"	PUNCT
ajfa-5431	159	19	because	because	SCONJ
ajfa-5431	159	20	the	the	DET
ajfa-5431	159	21	company	company	NOUN
ajfa-5431	159	22	’s	’s	PART
ajfa-5431	159	23	actual	actual	ADJ
ajfa-5431	159	24	survival	survival	NOUN
ajfa-5431	159	25	can	can	AUX
ajfa-5431	159	26	not	not	PART
ajfa-5431	159	27	be	be	AUX
ajfa-5431	159	28	confirmed	confirm	VERB
ajfa-5431	159	29	or	or	CCONJ
ajfa-5431	159	30	determined	determine	VERB
ajfa-5431	159	31	within	within	ADP
ajfa-5431	159	32	the	the	DET
ajfa-5431	159	33	set	set	NOUN
ajfa-5431	159	34	date	date	NOUN
ajfa-5431	159	35	of	of	ADP
ajfa-5431	159	36	this	this	DET
ajfa-5431	159	37	study	study	NOUN
ajfa-5431	159	38	.	.	PUNCT
ajfa-5431	160	1	this	this	PRON
ajfa-5431	160	2	then	then	ADV
ajfa-5431	160	3	will	will	AUX
ajfa-5431	160	4	be	be	AUX
ajfa-5431	160	5	identified	identify	VERB
ajfa-5431	160	6	as	as	ADP
ajfa-5431	160	7	“	"	PUNCT
ajfa-5431	160	8	not	not	PART
ajfa-5431	160	9	yet	yet	ADV
ajfa-5431	160	10	delisted	delist	VERB
ajfa-5431	160	11	’’	’'	PUNCT
ajfa-5431	160	12	(	(	PUNCT
ajfa-5431	160	13	right	right	ADJ
ajfa-5431	160	14	censored	censored	ADJ
ajfa-5431	160	15	data	datum	NOUN
ajfa-5431	160	16	)	)	PUNCT
ajfa-5431	160	17	.	.	PUNCT
ajfa-5431	161	1	the	the	DET
ajfa-5431	161	2	survival	survival	NOUN
ajfa-5431	161	3	period	period	NOUN
ajfa-5431	161	4	of	of	ADP
ajfa-5431	161	5	this	this	DET
ajfa-5431	161	6	data	datum	NOUN
ajfa-5431	161	7	will	will	AUX
ajfa-5431	161	8	be	be	AUX
ajfa-5431	161	9	from	from	ADP
ajfa-5431	161	10	first	first	ADJ
ajfa-5431	161	11	issuance	issuance	NOUN
ajfa-5431	161	12	of	of	ADP
ajfa-5431	161	13	going	go	VERB
ajfa-5431	161	14	concern	concern	NOUN
ajfa-5431	161	15	suspect	suspect	VERB
ajfa-5431	161	16	date	date	NOUN
ajfa-5431	161	17	to	to	PART
ajfa-5431	161	18	study	study	VERB
ajfa-5431	161	19	end	end	NOUN
ajfa-5431	161	20	date	date	NOUN
ajfa-5431	161	21	.	.	PUNCT
ajfa-5431	162	1	table	table	NOUN
ajfa-5431	162	2	1	1	NUM
ajfa-5431	162	3	is	be	AUX
ajfa-5431	162	4	the	the	DET
ajfa-5431	162	5	sampling	sampling	NOUN
ajfa-5431	162	6	process	process	NOUN
ajfa-5431	162	7	of	of	ADP
ajfa-5431	162	8	companies	company	NOUN
ajfa-5431	162	9	with	with	ADP
ajfa-5431	162	10	going	go	VERB
ajfa-5431	162	11	concerns	concern	NOUN
ajfa-5431	162	12	suspect	suspect	VERB
ajfa-5431	162	13	,	,	PUNCT
ajfa-5431	162	14	criteria	criterion	NOUN
ajfa-5431	162	15	are	be	AUX
ajfa-5431	162	16	4	4	NUM
ajfa-5431	162	17	in	in	ADP
ajfa-5431	162	18	1999	1999	NUM
ajfa-5431	162	19	,	,	PUNCT
ajfa-5431	162	20	before	before	ADP
ajfa-5431	162	21	the	the	DET
ajfa-5431	162	22	announcement	announcement	NOUN
ajfa-5431	162	23	of	of	ADP
ajfa-5431	162	24	generally	generally	ADV
ajfa-5431	162	25	accepted	accept	VERB
ajfa-5431	162	26	auditing	auditing	NOUN
ajfa-5431	162	27	standard	standard	PROPN
ajfa-5431	162	28	no.33	no.33	PROPN
ajfa-5431	162	29	,	,	PUNCT
ajfa-5431	162	30	besides	besides	SCONJ
ajfa-5431	162	31	qualified	qualified	ADJ
ajfa-5431	162	32	opinion	opinion	NOUN
ajfa-5431	162	33	or	or	CCONJ
ajfa-5431	162	34	adverse	adverse	ADJ
ajfa-5431	162	35	opinion	opinion	NOUN
ajfa-5431	162	36	reports	report	NOUN
ajfa-5431	162	37	issued	issue	VERB
ajfa-5431	162	38	by	by	ADP
ajfa-5431	162	39	accountants	accountant	NOUN
ajfa-5431	162	40	,	,	PUNCT
ajfa-5431	162	41	disclaimer	disclaimer	NOUN
ajfa-5431	162	42	of	of	ADP
ajfa-5431	162	43	opinion	opinion	NOUN
ajfa-5431	162	44	reports	report	NOUN
ajfa-5431	162	45	are	be	AUX
ajfa-5431	162	46	also	also	ADV
ajfa-5431	162	47	included	include	VERB
ajfa-5431	162	48	for	for	ADP
ajfa-5431	162	49	signature	signature	NOUN
ajfa-5431	162	50	on	on	ADP
ajfa-5431	162	51	going	go	VERB
ajfa-5431	162	52	concern	concern	ADJ
ajfa-5431	162	53	audit	audit	NOUN
ajfa-5431	162	54	reports	report	NOUN
ajfa-5431	162	55	.	.	PUNCT
ajfa-5431	163	1	asian	asian	ADJ
ajfa-5431	163	2	journal	journal	PROPN
ajfa-5431	163	3	of	of	ADP
ajfa-5431	163	4	finance	finance	PROPN
ajfa-5431	163	5	&	&	CCONJ
ajfa-5431	163	6	accounting	accounting	PROPN
ajfa-5431	163	7	issn	issn	PROPN
ajfa-5431	163	8	1946	1946	NUM
ajfa-5431	163	9	-	-	PUNCT
ajfa-5431	163	10	052x	052x	PROPN
ajfa-5431	163	11	2014	2014	NUM
ajfa-5431	163	12	,	,	PUNCT
ajfa-5431	163	13	vol	vol	NOUN
ajfa-5431	163	14	.	.	PROPN
ajfa-5431	163	15	6	6	NUM
ajfa-5431	163	16	,	,	PUNCT
ajfa-5431	163	17	no	no	INTJ
ajfa-5431	163	18	.	.	NOUN
ajfa-5431	163	19	1	1	NUM
ajfa-5431	163	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5431	163	21	314	314	NUM
ajfa-5431	163	22	company	company	NOUN
ajfa-5431	163	23	which	which	PRON
ajfa-5431	163	24	received	receive	VERB
ajfa-5431	163	25	their	their	PRON
ajfa-5431	163	26	first	first	ADJ
ajfa-5431	163	27	issuance	issuance	NOUN
ajfa-5431	163	28	of	of	ADP
ajfa-5431	163	29	going	go	VERB
ajfa-5431	163	30	concern	concern	NOUN
ajfa-5431	163	31	suspect	suspect	VERB
ajfa-5431	163	32	with	with	ADP
ajfa-5431	163	33	complete	complete	ADJ
ajfa-5431	163	34	financial	financial	ADJ
ajfa-5431	163	35	reports	report	NOUN
ajfa-5431	163	36	and	and	CCONJ
ajfa-5431	163	37	relevant	relevant	ADJ
ajfa-5431	163	38	information	information	NOUN
ajfa-5431	163	39	.	.	PUNCT
ajfa-5431	164	1	this	this	PRON
ajfa-5431	164	2	will	will	AUX
ajfa-5431	164	3	exclude	exclude	VERB
ajfa-5431	164	4	banking	banking	NOUN
ajfa-5431	164	5	industry	industry	NOUN
ajfa-5431	164	6	which	which	PRON
ajfa-5431	164	7	adopts	adopt	VERB
ajfa-5431	164	8	significantly	significantly	ADV
ajfa-5431	164	9	different	different	ADJ
ajfa-5431	164	10	set	set	NOUN
ajfa-5431	164	11	of	of	ADP
ajfa-5431	164	12	accounting	accounting	NOUN
ajfa-5431	164	13	standards	standard	NOUN
ajfa-5431	164	14	,	,	PUNCT
ajfa-5431	164	15	and	and	CCONJ
ajfa-5431	164	16	companies	company	NOUN
ajfa-5431	164	17	which	which	PRON
ajfa-5431	164	18	do	do	AUX
ajfa-5431	164	19	not	not	PART
ajfa-5431	164	20	have	have	VERB
ajfa-5431	164	21	complete	complete	ADJ
ajfa-5431	164	22	financial	financial	ADJ
ajfa-5431	164	23	reports	report	NOUN
ajfa-5431	164	24	or	or	CCONJ
ajfa-5431	164	25	other	other	ADJ
ajfa-5431	164	26	relative	relative	ADJ
ajfa-5431	164	27	information	information	NOUN
ajfa-5431	164	28	.	.	PUNCT
ajfa-5431	165	1	finally	finally	ADV
ajfa-5431	165	2	,	,	PUNCT
ajfa-5431	165	3	155	155	NUM
ajfa-5431	165	4	companies	company	NOUN
ajfa-5431	165	5	met	meet	VERB
ajfa-5431	165	6	the	the	DET
ajfa-5431	165	7	selection	selection	NOUN
ajfa-5431	165	8	standard	standard	NOUN
ajfa-5431	165	9	and	and	CCONJ
ajfa-5431	165	10	the	the	DET
ajfa-5431	165	11	data	datum	NOUN
ajfa-5431	165	12	were	be	AUX
ajfa-5431	165	13	used	use	VERB
ajfa-5431	165	14	for	for	ADP
ajfa-5431	165	15	this	this	DET
ajfa-5431	165	16	study	study	NOUN
ajfa-5431	165	17	.	.	PUNCT
ajfa-5431	166	1	table	table	NOUN
ajfa-5431	166	2	1	1	NUM
ajfa-5431	166	3	.	.	PUNCT
ajfa-5431	166	4	sample	sample	NOUN
ajfa-5431	166	5	selection	selection	NOUN
ajfa-5431	166	6	companies	company	NOUN
ajfa-5431	166	7	which	which	PRON
ajfa-5431	166	8	have	have	AUX
ajfa-5431	166	9	been	be	AUX
ajfa-5431	166	10	issued	issue	VERB
ajfa-5431	166	11	with	with	ADP
ajfa-5431	166	12	first	first	ADV
ajfa-5431	166	13	going	go	VERB
ajfa-5431	166	14	concern	concern	NOUN
ajfa-5431	166	15	report	report	NOUN
ajfa-5431	166	16	within	within	ADP
ajfa-5431	166	17	the	the	DET
ajfa-5431	166	18	period	period	NOUN
ajfa-5431	166	19	of	of	ADP
ajfa-5431	166	20	1988	1988	NUM
ajfa-5431	166	21	to	to	ADP
ajfa-5431	166	22	2007	2007	NUM
ajfa-5431	166	23	187	187	NUM
ajfa-5431	166	24	less	less	ADJ
ajfa-5431	166	25	:	:	PUNCT
ajfa-5431	166	26	companies	company	NOUN
ajfa-5431	166	27	in	in	ADP
ajfa-5431	166	28	banking	banking	NOUN
ajfa-5431	166	29	industry	industry	NOUN
ajfa-5431	166	30	5	5	NUM
ajfa-5431	166	31	suitable	suitable	ADJ
ajfa-5431	166	32	observations	observation	NOUN
ajfa-5431	166	33	182	182	NUM
ajfa-5431	166	34	less	less	ADJ
ajfa-5431	166	35	:	:	PUNCT
ajfa-5431	166	36	companies	company	NOUN
ajfa-5431	166	37	with	with	ADP
ajfa-5431	166	38	incomplete	incomplete	ADJ
ajfa-5431	166	39	financial	financial	ADJ
ajfa-5431	166	40	reports	report	NOUN
ajfa-5431	166	41	or	or	CCONJ
ajfa-5431	166	42	other	other	ADJ
ajfa-5431	166	43	relevant	relevant	ADJ
ajfa-5431	166	44	information	information	NOUN
ajfa-5431	166	45	27	27	NUM
ajfa-5431	166	46	final	final	ADJ
ajfa-5431	166	47	observations	observation	NOUN
ajfa-5431	166	48	155	155	NUM
ajfa-5431	166	49	table	table	NOUN
ajfa-5431	166	50	2	2	NUM
ajfa-5431	166	51	is	be	AUX
ajfa-5431	166	52	the	the	DET
ajfa-5431	166	53	life	life	NOUN
ajfa-5431	166	54	table	table	NOUN
ajfa-5431	166	55	of	of	ADP
ajfa-5431	166	56	these	these	DET
ajfa-5431	166	57	observations	observation	NOUN
ajfa-5431	166	58	.	.	PUNCT
ajfa-5431	167	1	taking	take	VERB
ajfa-5431	167	2	nonparametric	nonparametric	ADJ
ajfa-5431	167	3	analysis	analysis	NOUN
ajfa-5431	167	4	of	of	ADP
ajfa-5431	167	5	duration	duration	NOUN
ajfa-5431	167	6	data	datum	NOUN
ajfa-5431	167	7	to	to	PART
ajfa-5431	167	8	examine	examine	VERB
ajfa-5431	167	9	,	,	PUNCT
ajfa-5431	167	10	the	the	DET
ajfa-5431	167	11	survival	survival	NOUN
ajfa-5431	167	12	rate	rate	NOUN
ajfa-5431	167	13	and	and	CCONJ
ajfa-5431	167	14	hazard	hazard	NOUN
ajfa-5431	167	15	rate	rate	NOUN
ajfa-5431	167	16	can	can	AUX
ajfa-5431	167	17	be	be	AUX
ajfa-5431	167	18	determined	determine	VERB
ajfa-5431	167	19	.	.	PUNCT
ajfa-5431	168	1	data	datum	NOUN
ajfa-5431	168	2	shows	show	VERB
ajfa-5431	168	3	that	that	SCONJ
ajfa-5431	168	4	most	most	ADJ
ajfa-5431	168	5	delisted	delist	VERB
ajfa-5431	168	6	companies	company	NOUN
ajfa-5431	168	7	’	'	PUNCT
ajfa-5431	168	8	survival	survival	NOUN
ajfa-5431	168	9	period	period	NOUN
ajfa-5431	168	10	are	be	AUX
ajfa-5431	168	11	between	between	ADP
ajfa-5431	168	12	18.8	18.8	NUM
ajfa-5431	168	13	-	-	SYM
ajfa-5431	168	14	22.5	22.5	NUM
ajfa-5431	168	15	quarter	quarter	NOUN
ajfa-5431	168	16	,	,	PUNCT
ajfa-5431	168	17	totaling	total	VERB
ajfa-5431	168	18	20	20	NUM
ajfa-5431	168	19	companies	company	NOUN
ajfa-5431	168	20	,	,	PUNCT
ajfa-5431	168	21	with	with	ADP
ajfa-5431	168	22	hazard	hazard	NOUN
ajfa-5431	168	23	rate	rate	NOUN
ajfa-5431	168	24	of	of	ADP
ajfa-5431	168	25	0.133	0.133	NUM
ajfa-5431	168	26	.	.	PUNCT
ajfa-5431	169	1	for	for	ADP
ajfa-5431	169	2	delisted	delist	VERB
ajfa-5431	169	3	companies	company	NOUN
ajfa-5431	169	4	with	with	ADP
ajfa-5431	169	5	survival	survival	ADJ
ajfa-5431	169	6	period	period	NOUN
ajfa-5431	169	7	between	between	ADP
ajfa-5431	169	8	22.5	22.5	NUM
ajfa-5431	169	9	-	-	SYM
ajfa-5431	169	10	26.3	26.3	NUM
ajfa-5431	169	11	quarter	quarter	NOUN
ajfa-5431	169	12	,	,	PUNCT
ajfa-5431	169	13	their	their	PRON
ajfa-5431	169	14	survival	survival	NOUN
ajfa-5431	169	15	rate	rate	NOUN
ajfa-5431	169	16	will	will	AUX
ajfa-5431	169	17	significantly	significantly	ADV
ajfa-5431	169	18	drop	drop	VERB
ajfa-5431	169	19	,	,	PUNCT
ajfa-5431	169	20	averaging	average	VERB
ajfa-5431	169	21	only	only	ADV
ajfa-5431	169	22	0.3607	0.3607	NUM
ajfa-5431	169	23	.	.	PUNCT
ajfa-5431	170	1	this	this	DET
ajfa-5431	170	2	means	mean	VERB
ajfa-5431	170	3	,	,	PUNCT
ajfa-5431	170	4	based	base	VERB
ajfa-5431	170	5	on	on	ADP
ajfa-5431	170	6	company	company	NOUN
ajfa-5431	170	7	survival	survival	NOUN
ajfa-5431	170	8	period	period	NOUN
ajfa-5431	170	9	,	,	PUNCT
ajfa-5431	170	10	36	36	NUM
ajfa-5431	170	11	%	%	NOUN
ajfa-5431	170	12	of	of	ADP
ajfa-5431	170	13	national	national	ADJ
ajfa-5431	170	14	listed	list	VERB
ajfa-5431	170	15	companies	company	NOUN
ajfa-5431	170	16	have	have	VERB
ajfa-5431	170	17	an	an	DET
ajfa-5431	170	18	average	average	ADJ
ajfa-5431	170	19	survival	survival	NOUN
ajfa-5431	170	20	period	period	NOUN
ajfa-5431	170	21	until	until	ADP
ajfa-5431	170	22	19th	19th	ADJ
ajfa-5431	170	23	to	to	ADP
ajfa-5431	170	24	23rd	23rd	ADJ
ajfa-5431	170	25	quarter	quarter	NOUN
ajfa-5431	170	26	(	(	PUNCT
ajfa-5431	170	27	approx	approx	NOUN
ajfa-5431	170	28	.	.	PUNCT
ajfa-5431	171	1	5	5	NUM
ajfa-5431	171	2	-	-	SYM
ajfa-5431	171	3	6	6	NUM
ajfa-5431	171	4	years	year	NOUN
ajfa-5431	171	5	)	)	PUNCT
ajfa-5431	171	6	after	after	SCONJ
ajfa-5431	171	7	they	they	PRON
ajfa-5431	171	8	received	receive	VERB
ajfa-5431	171	9	first	first	ADJ
ajfa-5431	171	10	issuance	issuance	NOUN
ajfa-5431	171	11	of	of	ADP
ajfa-5431	171	12	going	go	VERB
ajfa-5431	171	13	concern	concern	NOUN
ajfa-5431	171	14	.	.	PUNCT
ajfa-5431	172	1	asian	asian	ADJ
ajfa-5431	172	2	journal	journal	PROPN
ajfa-5431	172	3	of	of	ADP
ajfa-5431	172	4	finance	finance	PROPN
ajfa-5431	172	5	&	&	CCONJ
ajfa-5431	172	6	accounting	accounting	PROPN
ajfa-5431	172	7	issn	issn	PROPN
ajfa-5431	172	8	1946	1946	NUM
ajfa-5431	172	9	-	-	PUNCT
ajfa-5431	172	10	052x	052x	PROPN
ajfa-5431	172	11	2014	2014	NUM
ajfa-5431	172	12	,	,	PUNCT
ajfa-5431	172	13	vol	vol	NOUN
ajfa-5431	172	14	.	.	PROPN
ajfa-5431	173	1	6	6	NUM
ajfa-5431	173	2	,	,	PUNCT
ajfa-5431	173	3	no	no	INTJ
ajfa-5431	173	4	.	.	NOUN
ajfa-5431	173	5	1	1	NUM
ajfa-5431	173	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5431	173	7	315	315	NUM
ajfa-5431	173	8	table	table	NOUN
ajfa-5431	173	9	2	2	NUM
ajfa-5431	173	10	.	.	PUNCT
ajfa-5431	174	1	the	the	DET
ajfa-5431	174	2	life	life	NOUN
ajfa-5431	174	3	table	table	NOUN
ajfa-5431	174	4	of	of	ADP
ajfa-5431	174	5	the	the	DET
ajfa-5431	174	6	sample	sample	NOUN
ajfa-5431	174	7	survival	survival	NOUN
ajfa-5431	174	8	period	period	NOUN
ajfa-5431	174	9	after	after	ADP
ajfa-5431	174	10	going	go	VERB
ajfa-5431	174	11	concern	concern	NOUN
ajfa-5431	174	12	suspect	suspect	NOUN
ajfa-5431	174	13	enter	enter	VERB
ajfa-5431	174	14	right	right	ADJ
ajfa-5431	174	15	censored	censor	VERB
ajfa-5431	174	16	companies	company	NOUN
ajfa-5431	174	17	risk	risk	VERB
ajfa-5431	174	18	set	set	VERB
ajfa-5431	174	19	delisted	delist	VERB
ajfa-5431	174	20	companies	company	NOUN
ajfa-5431	174	21	survival	survival	NOUN
ajfa-5431	174	22	rate	rate	NOUN
ajfa-5431	174	23	hazard	hazard	NOUN
ajfa-5431	174	24	rate	rate	NOUN
ajfa-5431	174	25	0.03.8	0.03.8	NOUN
ajfa-5431	174	26	155	155	NUM
ajfa-5431	174	27	2	2	NUM
ajfa-5431	174	28	153	153	NUM
ajfa-5431	174	29	12	12	NUM
ajfa-5431	174	30	1.0000(0.000	1.0000(0.000	NUM
ajfa-5431	174	31	)	)	PUNCT
ajfa-5431	174	32	0.0205(0.006	0.0205(0.006	NUM
ajfa-5431	174	33	)	)	PUNCT
ajfa-5431	175	1	3.87.5	3.87.5	NUM
ajfa-5431	175	2	141	141	NUM
ajfa-5431	175	3	16	16	NUM
ajfa-5431	175	4	125	125	NUM
ajfa-5431	175	5	20	20	NUM
ajfa-5431	175	6	0.9259(0.021	0.9259(0.021	NUM
ajfa-5431	175	7	)	)	PUNCT
ajfa-5431	175	8	0.0460(0.010	0.0460(0.010	NUM
ajfa-5431	175	9	)	)	PUNCT
ajfa-5431	175	10	7.5	7.5	NUM
ajfa-5431	175	11	-	-	SYM
ajfa-5431	175	12	11.3	11.3	NUM
ajfa-5431	175	13	105	105	NUM
ajfa-5431	175	14	12	12	NUM
ajfa-5431	175	15	93	93	NUM
ajfa-5431	175	16	13	13	NUM
ajfa-5431	175	17	0.7790(0.035	0.7790(0.035	NUM
ajfa-5431	175	18	)	)	PUNCT
ajfa-5431	175	19	0.0238(0.008	0.0238(0.008	NOUN
ajfa-5431	175	20	)	)	PUNCT
ajfa-5431	175	21	11.3	11.3	NUM
ajfa-5431	175	22	-	-	SYM
ajfa-5431	175	23	15.0	15.0	NUM
ajfa-5431	175	24	80	80	NUM
ajfa-5431	175	25	7	7	NUM
ajfa-5431	175	26	76	76	NUM
ajfa-5431	175	27	2	2	NUM
ajfa-5431	175	28	0.7123(0.039	0.7123(0.039	NOUN
ajfa-5431	175	29	)	)	PUNCT
ajfa-5431	175	30	0.0071(0.005	0.0071(0.005	X
ajfa-5431	175	31	)	)	PUNCT
ajfa-5431	175	32	15.0	15.0	NUM
ajfa-5431	175	33	-	-	SYM
ajfa-5431	175	34	18.8	18.8	NUM
ajfa-5431	175	35	71	71	NUM
ajfa-5431	175	36	7	7	NUM
ajfa-5431	175	37	67	67	NUM
ajfa-5431	175	38	9	9	NUM
ajfa-5431	175	39	0.6937(0.040	0.6937(0.040	NUM
ajfa-5431	175	40	)	)	PUNCT
ajfa-5431	175	41	0.0381(0.013	0.0381(0.013	NOUN
ajfa-5431	175	42	)	)	PUNCT
ajfa-5431	175	43	18.8	18.8	NUM
ajfa-5431	175	44	-	-	SYM
ajfa-5431	175	45	22.5	22.5	NUM
ajfa-5431	175	46	55	55	NUM
ajfa-5431	175	47	10	10	NUM
ajfa-5431	175	48	50	50	NUM
ajfa-5431	175	49	20	20	NUM
ajfa-5431	175	50	0.6012(0.045	0.6012(0.045	NUM
ajfa-5431	175	51	)	)	PUNCT
ajfa-5431	175	52	0.1333(0.029	0.1333(0.029	PROPN
ajfa-5431	175	53	)	)	PUNCT
ajfa-5431	175	54	22.5	22.5	NUM
ajfa-5431	175	55	-	-	SYM
ajfa-5431	175	56	26.3	26.3	NUM
ajfa-5431	175	57	25	25	NUM
ajfa-5431	175	58	0	0	NUM
ajfa-5431	175	59	25	25	NUM
ajfa-5431	175	60	8	8	NUM
ajfa-5431	175	61	0.3607(0.050	0.3607(0.050	NUM
ajfa-5431	175	62	)	)	PUNCT
ajfa-5431	175	63	0.1016(0.035	0.1016(0.035	NOUN
ajfa-5431	175	64	)	)	PUNCT
ajfa-5431	176	1	26.3	26.3	NUM
ajfa-5431	176	2	-	-	SYM
ajfa-5431	176	3	30.0	30.0	NUM
ajfa-5431	176	4	17	17	NUM
ajfa-5431	176	5	0	0	NUM
ajfa-5431	176	6	17	17	NUM
ajfa-5431	176	7	5	5	NUM
ajfa-5431	176	8	0.2453(0.048	0.2453(0.048	NUM
ajfa-5431	176	9	)	)	PUNCT
ajfa-5431	176	10	0.0920(0.041	0.0920(0.041	NUM
ajfa-5431	176	11	)	)	PUNCT
ajfa-5431	177	1	30.0	30.0	NUM
ajfa-5431	177	2	-	-	SYM
ajfa-5431	177	3	33.8	33.8	NUM
ajfa-5431	177	4	12	12	NUM
ajfa-5431	177	5	0	0	NUM
ajfa-5431	177	6	12	12	NUM
ajfa-5431	177	7	6	6	NUM
ajfa-5431	177	8	0.1731(0.043	0.1731(0.043	NUM
ajfa-5431	177	9	)	)	PUNCT
ajfa-5431	177	10	0.1778(0.068	0.1778(0.068	NUM
ajfa-5431	177	11	)	)	PUNCT
ajfa-5431	177	12	33.8	33.8	NUM
ajfa-5431	177	13	-	-	SYM
ajfa-5431	177	14	37.5	37.5	NUM
ajfa-5431	177	15	6	6	NUM
ajfa-5431	177	16	2	2	NUM
ajfa-5431	177	17	5	5	NUM
ajfa-5431	177	18	0	0	NUM
ajfa-5431	177	19	0.0866(0.033	0.0866(0.033	NUM
ajfa-5431	177	20	)	)	PUNCT
ajfa-5431	177	21	0.0000(0.000	0.0000(0.000	NUM
ajfa-5431	177	22	)	)	PUNCT
ajfa-5431	177	23	37.5	37.5	NUM
ajfa-5431	177	24	-	-	SYM
ajfa-5431	177	25	41.3	41.3	NUM
ajfa-5431	177	26	4	4	NUM
ajfa-5431	177	27	0	0	NUM
ajfa-5431	177	28	4	4	NUM
ajfa-5431	177	29	0	0	NUM
ajfa-5431	177	30	0.0866(0.003	0.0866(0.003	NUM
ajfa-5431	177	31	)	)	PUNCT
ajfa-5431	177	32	0.0000(0.000	0.0000(0.000	NUM
ajfa-5431	177	33	)	)	PUNCT
ajfa-5431	177	34	41.3	41.3	NUM
ajfa-5431	177	35	-	-	SYM
ajfa-5431	177	36	45.0	45.0	NUM
ajfa-5431	177	37	4	4	NUM
ajfa-5431	177	38	0	0	NUM
ajfa-5431	177	39	4	4	NUM
ajfa-5431	177	40	0	0	NUM
ajfa-5431	177	41	0.0866(0.033	0.0866(0.033	NUM
ajfa-5431	177	42	)	)	PUNCT
ajfa-5431	177	43	0.0000(0.000	0.0000(0.000	NUM
ajfa-5431	177	44	)	)	PUNCT
ajfa-5431	177	45	45.0	45.0	NUM
ajfa-5431	177	46	-	-	SYM
ajfa-5431	177	47	48.8	48.8	NUM
ajfa-5431	177	48	4	4	NUM
ajfa-5431	177	49	0	0	NUM
ajfa-5431	177	50	4	4	NUM
ajfa-5431	177	51	1	1	NUM
ajfa-5431	177	52	0.0866(0.033	0.0866(0.033	NUM
ajfa-5431	177	53	)	)	PUNCT
ajfa-5431	177	54	0.0762(0.075	0.0762(0.075	NUM
ajfa-5431	177	55	)	)	PUNCT
ajfa-5431	177	56	48.8	48.8	NUM
ajfa-5431	177	57	-	-	SYM
ajfa-5431	177	58	52.5	52.5	NUM
ajfa-5431	177	59	3	3	NUM
ajfa-5431	177	60	0	0	NUM
ajfa-5431	177	61	3	3	NUM
ajfa-5431	177	62	0	0	NUM
ajfa-5431	177	63	0.0649(0.031	0.0649(0.031	NUM
ajfa-5431	177	64	)	)	PUNCT
ajfa-5431	177	65	0.0000(0.000	0.0000(0.000	NUM
ajfa-5431	177	66	)	)	PUNCT
ajfa-5431	177	67	52.5	52.5	NUM
ajfa-5431	177	68	-	-	SYM
ajfa-5431	177	69	56.3	56.3	NUM
ajfa-5431	177	70	3	3	NUM
ajfa-5431	177	71	0	0	NUM
ajfa-5431	177	72	3	3	NUM
ajfa-5431	177	73	0	0	NUM
ajfa-5431	177	74	0.0649(0.031	0.0649(0.031	NUM
ajfa-5431	177	75	)	)	PUNCT
ajfa-5431	177	76	0.0000(0.000	0.0000(0.000	NUM
ajfa-5431	177	77	)	)	PUNCT
ajfa-5431	177	78	56.3	56.3	NUM
ajfa-5431	177	79	-	-	SYM
ajfa-5431	177	80	60.0	60.0	NUM
ajfa-5431	177	81	3	3	NUM
ajfa-5431	177	82	0	0	NUM
ajfa-5431	177	83	3	3	NUM
ajfa-5431	177	84	0	0	NUM
ajfa-5431	177	85	0.0649(0.031	0.0649(0.031	NUM
ajfa-5431	177	86	)	)	PUNCT
ajfa-5431	177	87	0.0000(0.000	0.0000(0.000	NUM
ajfa-5431	177	88	)	)	PUNCT
ajfa-5431	177	89	60.0	60.0	NUM
ajfa-5431	177	90	-	-	SYM
ajfa-5431	177	91	63.8	63.8	NUM
ajfa-5431	177	92	3	3	NUM
ajfa-5431	177	93	0	0	NUM
ajfa-5431	177	94	3	3	NUM
ajfa-5431	177	95	0	0	NUM
ajfa-5431	177	96	0.0649(0.031	0.0649(0.031	NUM
ajfa-5431	177	97	)	)	PUNCT
ajfa-5431	177	98	0.0000(0.000	0.0000(0.000	NUM
ajfa-5431	177	99	)	)	PUNCT
ajfa-5431	177	100	63.8	63.8	NUM
ajfa-5431	177	101	-	-	SYM
ajfa-5431	177	102	67.5	67.5	NUM
ajfa-5431	177	103	3	3	NUM
ajfa-5431	177	104	0	0	NUM
ajfa-5431	177	105	3	3	NUM
ajfa-5431	177	106	0	0	NUM
ajfa-5431	177	107	0.0649(0.031	0.0649(0.031	NUM
ajfa-5431	177	108	)	)	PUNCT
ajfa-5431	177	109	0.0000(0.000	0.0000(0.000	NUM
ajfa-5431	177	110	)	)	PUNCT
ajfa-5431	177	111	67.5	67.5	NUM
ajfa-5431	177	112	-	-	SYM
ajfa-5431	177	113	71.3	71.3	NUM
ajfa-5431	177	114	3	3	NUM
ajfa-5431	177	115	1	1	NUM
ajfa-5431	177	116	2	2	NUM
ajfa-5431	177	117	0	0	NUM
ajfa-5431	177	118	0.0649(0.031	0.0649(0.031	NUM
ajfa-5431	177	119	)	)	PUNCT
ajfa-5431	177	120	0.0000(0.000	0.0000(0.000	NUM
ajfa-5431	177	121	)	)	PUNCT
ajfa-5431	177	122	71.3	71.3	NUM
ajfa-5431	177	123	-	-	SYM
ajfa-5431	177	124	75.0	75.0	NUM
ajfa-5431	177	125	2	2	NUM
ajfa-5431	177	126	2	2	NUM
ajfa-5431	177	127	1	1	NUM
ajfa-5431	177	128	0	0	NUM
ajfa-5431	177	129	0.0649(0.031	0.0649(0.031	NUM
ajfa-5431	177	130	)	)	PUNCT
ajfa-5431	177	131	0.0000(0.000	0.0000(0.000	NUM
ajfa-5431	177	132	)	)	PUNCT
ajfa-5431	177	133	note	note	NOUN
ajfa-5431	177	134	:	:	PUNCT
ajfa-5431	177	135	figures	figure	NOUN
ajfa-5431	177	136	in	in	ADP
ajfa-5431	177	137	parentheses	parenthesis	NOUN
ajfa-5431	177	138	are	be	AUX
ajfa-5431	177	139	p	p	NOUN
ajfa-5431	177	140	-	-	PUNCT
ajfa-5431	177	141	values	value	NOUN
ajfa-5431	177	142	as	as	ADP
ajfa-5431	177	143	the	the	DET
ajfa-5431	177	144	descriptive	descriptive	ADJ
ajfa-5431	177	145	statistical	statistical	ADJ
ajfa-5431	177	146	in	in	ADP
ajfa-5431	177	147	table	table	NOUN
ajfa-5431	177	148	3	3	NUM
ajfa-5431	177	149	,	,	PUNCT
ajfa-5431	177	150	the	the	DET
ajfa-5431	177	151	average	average	ADJ
ajfa-5431	177	152	survival	survival	NOUN
ajfa-5431	177	153	time	time	NOUN
ajfa-5431	177	154	for	for	ADP
ajfa-5431	177	155	sampling	sample	VERB
ajfa-5431	177	156	companies	company	NOUN
ajfa-5431	177	157	is	be	AUX
ajfa-5431	177	158	approx	approx	NOUN
ajfa-5431	177	159	.	.	PUNCT
ajfa-5431	178	1	15	15	NUM
ajfa-5431	178	2	quarters	quarter	NOUN
ajfa-5431	178	3	.	.	PUNCT
ajfa-5431	179	1	however	however	ADV
ajfa-5431	179	2	,	,	PUNCT
ajfa-5431	179	3	because	because	SCONJ
ajfa-5431	179	4	some	some	DET
ajfa-5431	179	5	companies	company	NOUN
ajfa-5431	179	6	’	’	PART
ajfa-5431	179	7	data	datum	NOUN
ajfa-5431	179	8	is	be	AUX
ajfa-5431	179	9	censored	censor	VERB
ajfa-5431	179	10	,	,	PUNCT
ajfa-5431	179	11	so	so	SCONJ
ajfa-5431	179	12	the	the	DET
ajfa-5431	179	13	above	above	ADJ
ajfa-5431	179	14	average	average	ADJ
ajfa-5431	179	15	survival	survival	NOUN
ajfa-5431	179	16	period	period	NOUN
ajfa-5431	179	17	does	do	AUX
ajfa-5431	179	18	not	not	PART
ajfa-5431	179	19	have	have	VERB
ajfa-5431	179	20	meaningful	meaningful	ADJ
ajfa-5431	179	21	implications	implication	NOUN
ajfa-5431	179	22	.	.	PUNCT
ajfa-5431	180	1	the	the	DET
ajfa-5431	180	2	average	average	ADJ
ajfa-5431	180	3	age	age	NOUN
ajfa-5431	180	4	of	of	ADP
ajfa-5431	180	5	sampling	sample	VERB
ajfa-5431	180	6	companies	company	NOUN
ajfa-5431	180	7	is	be	AUX
ajfa-5431	180	8	13	13	NUM
ajfa-5431	180	9	quarters	quarter	NOUN
ajfa-5431	180	10	with	with	ADP
ajfa-5431	180	11	standard	standard	ADJ
ajfa-5431	180	12	deviation	deviation	NOUN
ajfa-5431	180	13	of	of	ADP
ajfa-5431	180	14	9.708	9.708	NUM
ajfa-5431	180	15	,	,	PUNCT
ajfa-5431	180	16	this	this	PRON
ajfa-5431	180	17	means	mean	VERB
ajfa-5431	180	18	sampling	sample	VERB
ajfa-5431	180	19	companies	company	NOUN
ajfa-5431	180	20	did	do	AUX
ajfa-5431	180	21	not	not	PART
ajfa-5431	180	22	centralize	centralize	VERB
ajfa-5431	180	23	within	within	ADP
ajfa-5431	180	24	a	a	DET
ajfa-5431	180	25	specific	specific	ADJ
ajfa-5431	180	26	time	time	NOUN
ajfa-5431	180	27	frame	frame	NOUN
ajfa-5431	180	28	from	from	ADP
ajfa-5431	180	29	set	set	VERB
ajfa-5431	180	30	up	up	ADP
ajfa-5431	180	31	to	to	ADP
ajfa-5431	180	32	early	early	ADJ
ajfa-5431	180	33	dates	date	NOUN
ajfa-5431	180	34	of	of	ADP
ajfa-5431	180	35	this	this	DET
ajfa-5431	180	36	study	study	NOUN
ajfa-5431	180	37	.	.	PUNCT
ajfa-5431	181	1	asian	asian	ADJ
ajfa-5431	181	2	journal	journal	PROPN
ajfa-5431	181	3	of	of	ADP
ajfa-5431	181	4	finance	finance	PROPN
ajfa-5431	181	5	&	&	CCONJ
ajfa-5431	181	6	accounting	accounting	PROPN
ajfa-5431	181	7	issn	issn	PROPN
ajfa-5431	181	8	1946	1946	NUM
ajfa-5431	181	9	-	-	PUNCT
ajfa-5431	181	10	052x	052x	PROPN
ajfa-5431	181	11	2014	2014	NUM
ajfa-5431	181	12	,	,	PUNCT
ajfa-5431	181	13	vol	vol	NOUN
ajfa-5431	181	14	.	.	PROPN
ajfa-5431	182	1	6	6	NUM
ajfa-5431	182	2	,	,	PUNCT
ajfa-5431	182	3	no	no	INTJ
ajfa-5431	182	4	.	.	NOUN
ajfa-5431	182	5	1	1	NUM
ajfa-5431	182	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5431	182	7	316	316	NUM
ajfa-5431	182	8	table	table	NOUN
ajfa-5431	182	9	3	3	NUM
ajfa-5431	182	10	.	.	PUNCT
ajfa-5431	182	11	descriptive	descriptive	ADJ
ajfa-5431	182	12	statistics	statistic	NOUN
ajfa-5431	182	13	and	and	CCONJ
ajfa-5431	182	14	mean	mean	VERB
ajfa-5431	182	15	difference	difference	NOUN
ajfa-5431	182	16	test	test	NOUN
ajfa-5431	182	17	variables	variable	NOUN
ajfa-5431	182	18	mean	mean	VERB
ajfa-5431	182	19	median	median	ADJ
ajfa-5431	182	20	standard	standard	ADJ
ajfa-5431	182	21	deviation	deviation	NOUN
ajfa-5431	182	22	mean	mean	NOUN
ajfa-5431	182	23	difference	difference	NOUN
ajfa-5431	182	24	survival	survival	NOUN
ajfa-5431	182	25	period	period	NOUN
ajfa-5431	182	26	(	(	PUNCT
ajfa-5431	182	27	quarter	quarter	NOUN
ajfa-5431	182	28	)	)	PUNCT
ajfa-5431	182	29	14.712	14.712	NUM
ajfa-5431	182	30	13	13	NUM
ajfa-5431	182	31	12.044	12.044	NUM
ajfa-5431	182	32	0.752	0.752	NUM
ajfa-5431	182	33	directors	director	NOUN
ajfa-5431	182	34	’	'	PUNCT
ajfa-5431	182	35	pledging	pledge	VERB
ajfa-5431	182	36	ratio	ratio	NOUN
ajfa-5431	182	37	0.260	0.260	NUM
ajfa-5431	182	38	0.042	0.042	NUM
ajfa-5431	182	39	0.336	0.336	NUM
ajfa-5431	182	40	-16.382	-16.382	NOUN
ajfa-5431	182	41	*	*	PUNCT
ajfa-5431	182	42	*	*	PUNCT
ajfa-5431	182	43	shareholding	shareholding	NOUN
ajfa-5431	182	44	ratio	ratio	NOUN
ajfa-5431	182	45	by	by	ADP
ajfa-5431	182	46	insiders	insider	NOUN
ajfa-5431	182	47	0.010	0.010	NUM
ajfa-5431	182	48	0.028	0.028	NUM
ajfa-5431	182	49	0.038	0.038	NUM
ajfa-5431	182	50	-0.654	-0.654	ADJ
ajfa-5431	182	51	audit	audit	NOUN
ajfa-5431	182	52	system	system	NOUN
ajfa-5431	182	53	0.202	0.202	NUM
ajfa-5431	182	54	0	0	NUM
ajfa-5431	182	55	0.403	0.403	NUM
ajfa-5431	182	56	-0.063	-0.063	NUM
ajfa-5431	182	57	*	*	PUNCT
ajfa-5431	182	58	company	company	NOUN
ajfa-5431	182	59	age	age	NOUN
ajfa-5431	182	60	(	(	PUNCT
ajfa-5431	182	61	years	year	NOUN
ajfa-5431	182	62	)	)	PUNCT
ajfa-5431	182	63	13.190	13.190	NUM
ajfa-5431	182	64	11	11	NUM
ajfa-5431	182	65	9.708	9.708	NUM
ajfa-5431	182	66	-0.487	-0.487	NOUN
ajfa-5431	182	67	company	company	NOUN
ajfa-5431	182	68	size	size	NOUN
ajfa-5431	182	69	14.780	14.780	NUM
ajfa-5431	182	70	14.731	14.731	NUM
ajfa-5431	182	71	1.187	1.187	NUM
ajfa-5431	182	72	-0.308	-0.308	NOUN
ajfa-5431	182	73	liquidity	liquidity	NOUN
ajfa-5431	182	74	ratio	ratio	NOUN
ajfa-5431	182	75	0.681	0.681	NUM
ajfa-5431	182	76	0.596	0.596	NUM
ajfa-5431	182	77	0.445	0.445	NUM
ajfa-5431	182	78	8.969	8.969	NUM
ajfa-5431	182	79	ratio	ratio	NOUN
ajfa-5431	182	80	of	of	ADP
ajfa-5431	182	81	operation	operation	NOUN
ajfa-5431	182	82	fund	fund	NOUN
ajfa-5431	182	83	to	to	AUX
ajfa-5431	182	84	total	total	ADJ
ajfa-5431	182	85	assets	asset	NOUN
ajfa-5431	182	86	-0.326	-0.326	PUNCT
ajfa-5431	182	87	-0.233	-0.233	X
ajfa-5431	183	1	0.592	0.592	NUM
ajfa-5431	183	2	28.432	28.432	NUM
ajfa-5431	183	3	*	*	PUNCT
ajfa-5431	183	4	ratio	ratio	NOUN
ajfa-5431	183	5	of	of	ADP
ajfa-5431	183	6	operation	operation	NOUN
ajfa-5431	183	7	cash	cash	NOUN
ajfa-5431	183	8	flow	flow	NOUN
ajfa-5431	183	9	to	to	ADP
ajfa-5431	183	10	total	total	ADJ
ajfa-5431	183	11	debt	debt	NOUN
ajfa-5431	183	12	-0.002	-0.002	PUNCT
ajfa-5431	183	13	0.009	0.009	NUM
ajfa-5431	183	14	0.029	0.029	NUM
ajfa-5431	183	15	-0.088	-0.088	ADP
ajfa-5431	183	16	leverage	leverage	NOUN
ajfa-5431	183	17	0.899	0.899	NUM
ajfa-5431	183	18	0.828	0.828	NUM
ajfa-5431	183	19	0.443	0.443	NUM
ajfa-5431	183	20	-27.175	-27.175	PROPN
ajfa-5431	183	21	*	*	PUNCT
ajfa-5431	183	22	ratio	ratio	NOUN
ajfa-5431	183	23	of	of	ADP
ajfa-5431	183	24	retained	retain	VERB
ajfa-5431	183	25	earnings	earning	NOUN
ajfa-5431	183	26	to	to	ADP
ajfa-5431	183	27	total	total	ADJ
ajfa-5431	183	28	assets	asset	NOUN
ajfa-5431	183	29	-0.196	-0.196	PROPN
ajfa-5431	183	30	-0.202	-0.202	NUM
ajfa-5431	183	31	0.370	0.370	NUM
ajfa-5431	183	32	5.263	5.263	NUM
ajfa-5431	183	33	ratio	ratio	NOUN
ajfa-5431	183	34	of	of	ADP
ajfa-5431	183	35	market	market	NOUN
ajfa-5431	183	36	value	value	NOUN
ajfa-5431	183	37	to	to	PART
ajfa-5431	183	38	total	total	VERB
ajfa-5431	183	39	debt	debt	NOUN
ajfa-5431	183	40	0.197	0.197	NUM
ajfa-5431	183	41	0.202	0.202	NUM
ajfa-5431	183	42	0.403	0.403	NUM
ajfa-5431	183	43	0.262	0.262	NUM
ajfa-5431	183	44	*	*	PUNCT
ajfa-5431	183	45	*	*	PUNCT
ajfa-5431	183	46	industry	industry	NOUN
ajfa-5431	183	47	factor	factor	NOUN
ajfa-5431	183	48	0.255	0.255	NUM
ajfa-5431	183	49	0	0	NUM
ajfa-5431	183	50	0.437	0.437	NUM
ajfa-5431	183	51	0.048	0.048	NUM
ajfa-5431	183	52	economic	economic	ADJ
ajfa-5431	183	53	prosperity	prosperity	NOUN
ajfa-5431	183	54	0.556	0.556	NUM
ajfa-5431	183	55	1	1	NUM
ajfa-5431	183	56	0.499	0.499	NUM
ajfa-5431	183	57	0.106	0.106	NUM
ajfa-5431	183	58	note	note	NOUN
ajfa-5431	183	59	:	:	PUNCT
ajfa-5431	184	1	1	1	X
ajfa-5431	184	2	.	.	X
ajfa-5431	184	3	*	*	NOUN
ajfa-5431	184	4	*	*	PUNCT
ajfa-5431	184	5	means	mean	VERB
ajfa-5431	184	6	significant	significant	ADJ
ajfa-5431	184	7	under	under	ADP
ajfa-5431	184	8	0.01	0.01	NUM
ajfa-5431	184	9	confidence	confidence	NOUN
ajfa-5431	184	10	level	level	NOUN
ajfa-5431	184	11	,	,	PUNCT
ajfa-5431	184	12	*	*	PUNCT
ajfa-5431	184	13	means	mean	VERB
ajfa-5431	184	14	significant	significant	ADJ
ajfa-5431	184	15	under	under	ADP
ajfa-5431	184	16	0.05	0.05	NUM
ajfa-5431	184	17	confidence	confidence	NOUN
ajfa-5431	184	18	level	level	NOUN
ajfa-5431	184	19	.	.	PUNCT
ajfa-5431	185	1	2	2	X
ajfa-5431	185	2	.	.	NOUN
ajfa-5431	185	3	mean	mean	ADJ
ajfa-5431	185	4	difference	difference	NOUN
ajfa-5431	185	5	means	mean	VERB
ajfa-5431	185	6	the	the	DET
ajfa-5431	185	7	difference	difference	NOUN
ajfa-5431	185	8	between	between	ADP
ajfa-5431	185	9	delisted	delist	VERB
ajfa-5431	185	10	companies	company	NOUN
ajfa-5431	185	11	and	and	CCONJ
ajfa-5431	185	12	companies	company	NOUN
ajfa-5431	185	13	still	still	ADV
ajfa-5431	185	14	in	in	ADP
ajfa-5431	185	15	operation	operation	NOUN
ajfa-5431	185	16	in	in	ADP
ajfa-5431	185	17	2007	2007	NUM
ajfa-5431	185	18	.	.	PUNCT
ajfa-5431	186	1	3	3	X
ajfa-5431	186	2	.	.	X
ajfa-5431	186	3	survival	survival	NOUN
ajfa-5431	186	4	period	period	NOUN
ajfa-5431	186	5	is	be	AUX
ajfa-5431	186	6	the	the	DET
ajfa-5431	186	7	time	time	NOUN
ajfa-5431	186	8	from	from	ADP
ajfa-5431	186	9	first	first	ADJ
ajfa-5431	186	10	issuance	issuance	NOUN
ajfa-5431	186	11	of	of	ADP
ajfa-5431	186	12	going	go	VERB
ajfa-5431	186	13	concern	concern	NOUN
ajfa-5431	186	14	report	report	NOUN
ajfa-5431	186	15	to	to	ADP
ajfa-5431	186	16	delist	delist	NOUN
ajfa-5431	186	17	.	.	PUNCT
ajfa-5431	187	1	listed	list	VERB
ajfa-5431	187	2	years	year	NOUN
ajfa-5431	187	3	refer	refer	VERB
ajfa-5431	187	4	to	to	ADP
ajfa-5431	187	5	the	the	DET
ajfa-5431	187	6	years	year	NOUN
ajfa-5431	187	7	the	the	DET
ajfa-5431	187	8	companies	company	NOUN
ajfa-5431	187	9	were	be	AUX
ajfa-5431	187	10	set	set	VERB
ajfa-5431	187	11	up	up	ADP
ajfa-5431	187	12	to	to	ADP
ajfa-5431	187	13	the	the	DET
ajfa-5431	187	14	year	year	NOUN
ajfa-5431	187	15	of	of	ADP
ajfa-5431	187	16	study	study	NOUN
ajfa-5431	187	17	end	end	NOUN
ajfa-5431	187	18	date	date	NOUN
ajfa-5431	187	19	.	.	PUNCT
ajfa-5431	188	1	company	company	NOUN
ajfa-5431	188	2	size	size	NOUN
ajfa-5431	188	3	is	be	AUX
ajfa-5431	188	4	natural	natural	ADJ
ajfa-5431	188	5	logarithm	logarithm	NOUN
ajfa-5431	188	6	of	of	ADP
ajfa-5431	188	7	total	total	ADJ
ajfa-5431	188	8	assets	asset	NOUN
ajfa-5431	188	9	.	.	PUNCT
ajfa-5431	189	1	liquidity	liquidity	NOUN
ajfa-5431	189	2	ratio	ratio	NOUN
ajfa-5431	189	3	is	be	AUX
ajfa-5431	189	4	the	the	DET
ajfa-5431	189	5	ration	ration	NOUN
ajfa-5431	189	6	of	of	ADP
ajfa-5431	189	7	liquid	liquid	ADJ
ajfa-5431	189	8	asset	asset	NOUN
ajfa-5431	189	9	to	to	ADP
ajfa-5431	189	10	liquid	liquid	ADJ
ajfa-5431	189	11	debt	debt	NOUN
ajfa-5431	189	12	.	.	PUNCT
ajfa-5431	190	1	operation	operation	NOUN
ajfa-5431	190	2	fund	fund	NOUN
ajfa-5431	190	3	is	be	AUX
ajfa-5431	190	4	the	the	DET
ajfa-5431	190	5	difference	difference	NOUN
ajfa-5431	190	6	between	between	ADP
ajfa-5431	190	7	liquid	liquid	ADJ
ajfa-5431	190	8	assets	asset	NOUN
ajfa-5431	190	9	and	and	CCONJ
ajfa-5431	190	10	liquid	liquid	ADJ
ajfa-5431	190	11	debt	debt	NOUN
ajfa-5431	190	12	,	,	PUNCT
ajfa-5431	190	13	operation	operation	NOUN
ajfa-5431	190	14	fund	fund	NOUN
ajfa-5431	190	15	to	to	PART
ajfa-5431	190	16	total	total	ADJ
ajfa-5431	190	17	assets	asset	NOUN
ajfa-5431	190	18	ratio	ratio	NOUN
ajfa-5431	190	19	is	be	AUX
ajfa-5431	190	20	the	the	DET
ajfa-5431	190	21	ratio	ratio	NOUN
ajfa-5431	190	22	of	of	ADP
ajfa-5431	190	23	capital	capital	NOUN
ajfa-5431	190	24	fund	fund	NOUN
ajfa-5431	190	25	to	to	ADP
ajfa-5431	190	26	total	total	ADJ
ajfa-5431	190	27	assets	asset	NOUN
ajfa-5431	190	28	.	.	PUNCT
ajfa-5431	191	1	capital	capital	PROPN
ajfa-5431	191	2	fund	fund	PROPN
ajfa-5431	191	3	to	to	ADP
ajfa-5431	191	4	total	total	ADJ
ajfa-5431	191	5	assets	asset	NOUN
ajfa-5431	191	6	is	be	AUX
ajfa-5431	191	7	the	the	DET
ajfa-5431	191	8	ratio	ratio	NOUN
ajfa-5431	191	9	of	of	ADP
ajfa-5431	191	10	capital	capital	NOUN
ajfa-5431	191	11	fund	fund	NOUN
ajfa-5431	191	12	to	to	ADP
ajfa-5431	191	13	total	total	ADJ
ajfa-5431	191	14	assets	asset	NOUN
ajfa-5431	191	15	.	.	PUNCT
ajfa-5431	192	1	ratio	ratio	NOUN
ajfa-5431	192	2	of	of	ADP
ajfa-5431	192	3	cash	cash	NOUN
ajfa-5431	192	4	flow	flow	NOUN
ajfa-5431	192	5	to	to	ADP
ajfa-5431	192	6	total	total	ADJ
ajfa-5431	192	7	debt	debt	NOUN
ajfa-5431	192	8	means	mean	VERB
ajfa-5431	192	9	the	the	DET
ajfa-5431	192	10	ratio	ratio	NOUN
ajfa-5431	192	11	of	of	ADP
ajfa-5431	192	12	cash	cash	NOUN
ajfa-5431	192	13	flow	flow	NOUN
ajfa-5431	192	14	from	from	ADP
ajfa-5431	192	15	business	business	NOUN
ajfa-5431	192	16	activities	activity	NOUN
ajfa-5431	192	17	to	to	PART
ajfa-5431	192	18	total	total	VERB
ajfa-5431	192	19	debt	debt	NOUN
ajfa-5431	192	20	.	.	PUNCT
ajfa-5431	193	1	directors	director	NOUN
ajfa-5431	193	2	’	'	PUNCT
ajfa-5431	193	3	pledging	pledge	VERB
ajfa-5431	193	4	ratio	ratio	NOUN
ajfa-5431	193	5	is	be	AUX
ajfa-5431	193	6	the	the	DET
ajfa-5431	193	7	ratio	ratio	NOUN
ajfa-5431	193	8	of	of	ADP
ajfa-5431	193	9	pledged	pledge	VERB
ajfa-5431	193	10	shares	share	NOUN
ajfa-5431	193	11	to	to	ADP
ajfa-5431	193	12	total	total	ADJ
ajfa-5431	193	13	shares	share	NOUN
ajfa-5431	193	14	held	hold	VERB
ajfa-5431	193	15	by	by	ADP
ajfa-5431	193	16	directors	director	NOUN
ajfa-5431	193	17	.	.	PUNCT
ajfa-5431	194	1	shareholding	shareholding	NOUN
ajfa-5431	194	2	ratio	ratio	NOUN
ajfa-5431	194	3	by	by	ADP
ajfa-5431	194	4	insiders	insider	NOUN
ajfa-5431	194	5	is	be	AUX
ajfa-5431	194	6	the	the	DET
ajfa-5431	194	7	ratio	ratio	NOUN
ajfa-5431	194	8	of	of	ADP
ajfa-5431	194	9	directors	director	NOUN
ajfa-5431	194	10	’	'	PUNCT
ajfa-5431	194	11	shares	share	NOUN
ajfa-5431	194	12	to	to	ADP
ajfa-5431	194	13	outside	outside	ADJ
ajfa-5431	194	14	shares	share	NOUN
ajfa-5431	194	15	.	.	PUNCT
ajfa-5431	195	1	industry	industry	NOUN
ajfa-5431	195	2	factor	factor	NOUN
ajfa-5431	195	3	used	use	VERB
ajfa-5431	195	4	electronic	electronic	ADJ
ajfa-5431	195	5	industry	industry	NOUN
ajfa-5431	195	6	as	as	ADP
ajfa-5431	195	7	1	1	NUM
ajfa-5431	195	8	and	and	CCONJ
ajfa-5431	195	9	non	non	ADJ
ajfa-5431	195	10	electronics	electronic	NOUN
ajfa-5431	195	11	as	as	ADP
ajfa-5431	195	12	0	0	NUM
ajfa-5431	195	13	.	.	PUNCT
ajfa-5431	195	14	audit	audit	NOUN
ajfa-5431	195	15	system	system	NOUN
ajfa-5431	195	16	used	use	VERB
ajfa-5431	195	17	the	the	DET
ajfa-5431	195	18	standard	standard	NOUN
ajfa-5431	195	19	of	of	ADP
ajfa-5431	195	20	no.33	no.33	PROPN
ajfa-5431	195	21	and	and	CCONJ
ajfa-5431	195	22	the	the	DET
ajfa-5431	195	23	announcement	announcement	NOUN
ajfa-5431	195	24	year	year	NOUN
ajfa-5431	195	25	of	of	ADP
ajfa-5431	195	26	1999	1999	NUM
ajfa-5431	195	27	where	where	SCONJ
ajfa-5431	195	28	after	after	ADP
ajfa-5431	195	29	this	this	DET
ajfa-5431	195	30	announcement	announcement	NOUN
ajfa-5431	195	31	,	,	PUNCT
ajfa-5431	195	32	it	it	PRON
ajfa-5431	195	33	is	be	AUX
ajfa-5431	195	34	1	1	NUM
ajfa-5431	195	35	,	,	PUNCT
ajfa-5431	195	36	and	and	CCONJ
ajfa-5431	195	37	before	before	ADP
ajfa-5431	195	38	this	this	DET
ajfa-5431	195	39	year	year	NOUN
ajfa-5431	195	40	it	it	PRON
ajfa-5431	195	41	is	be	AUX
ajfa-5431	195	42	0	0	NUM
ajfa-5431	195	43	.	.	PUNCT
ajfa-5431	196	1	economic	economic	ADJ
ajfa-5431	196	2	prosperity	prosperity	NOUN
ajfa-5431	196	3	is	be	AUX
ajfa-5431	196	4	determined	determine	VERB
ajfa-5431	196	5	by	by	ADP
ajfa-5431	196	6	council	council	NOUN
ajfa-5431	196	7	for	for	ADP
ajfa-5431	196	8	economic	economic	ADJ
ajfa-5431	196	9	planning	planning	NOUN
ajfa-5431	196	10	and	and	CCONJ
ajfa-5431	196	11	development	development	NOUN
ajfa-5431	196	12	of	of	ADP
ajfa-5431	196	13	0	0	NUM
ajfa-5431	196	14	when	when	SCONJ
ajfa-5431	196	15	above	above	ADP
ajfa-5431	196	16	23	23	NUM
ajfa-5431	196	17	points	point	NOUN
ajfa-5431	196	18	(	(	PUNCT
ajfa-5431	196	19	lowest	low	ADJ
ajfa-5431	196	20	point	point	NOUN
ajfa-5431	196	21	in	in	ADP
ajfa-5431	196	22	green	green	ADJ
ajfa-5431	196	23	light	light	NOUN
ajfa-5431	196	24	)	)	PUNCT
ajfa-5431	196	25	and	and	CCONJ
ajfa-5431	196	26	1	1	NUM
ajfa-5431	196	27	for	for	ADP
ajfa-5431	196	28	below	below	ADP
ajfa-5431	196	29	22	22	NUM
ajfa-5431	196	30	points	point	NOUN
ajfa-5431	196	31	.	.	PUNCT
ajfa-5431	197	1	the	the	DET
ajfa-5431	197	2	average	average	ADJ
ajfa-5431	197	3	ratio	ratio	NOUN
ajfa-5431	197	4	of	of	ADP
ajfa-5431	197	5	directors	director	NOUN
ajfa-5431	197	6	’	'	PUNCT
ajfa-5431	197	7	pledging	pledge	VERB
ajfa-5431	197	8	is	be	AUX
ajfa-5431	197	9	0.260	0.260	NUM
ajfa-5431	197	10	and	and	CCONJ
ajfa-5431	197	11	it	it	PRON
ajfa-5431	197	12	is	be	AUX
ajfa-5431	197	13	quite	quite	ADV
ajfa-5431	197	14	different	different	ADJ
ajfa-5431	197	15	for	for	ADP
ajfa-5431	197	16	each	each	DET
ajfa-5431	197	17	individual	individual	ADJ
ajfa-5431	197	18	company	company	NOUN
ajfa-5431	197	19	,	,	PUNCT
ajfa-5431	197	20	with	with	ADP
ajfa-5431	197	21	standard	standard	ADJ
ajfa-5431	197	22	deviation	deviation	NOUN
ajfa-5431	197	23	of	of	ADP
ajfa-5431	197	24	0.336	0.336	NUM
ajfa-5431	197	25	,	,	PUNCT
ajfa-5431	197	26	this	this	PRON
ajfa-5431	197	27	is	be	AUX
ajfa-5431	197	28	greater	great	ADJ
ajfa-5431	197	29	than	than	ADP
ajfa-5431	197	30	the	the	DET
ajfa-5431	197	31	average	average	NOUN
ajfa-5431	197	32	.	.	PUNCT
ajfa-5431	198	1	the	the	DET
ajfa-5431	198	2	companies	company	NOUN
ajfa-5431	198	3	which	which	PRON
ajfa-5431	198	4	have	have	AUX
ajfa-5431	198	5	been	be	AUX
ajfa-5431	198	6	delisted	delist	VERB
ajfa-5431	198	7	and	and	CCONJ
ajfa-5431	198	8	companies	company	NOUN
ajfa-5431	198	9	still	still	ADV
ajfa-5431	198	10	in	in	ADP
ajfa-5431	198	11	operation	operation	NOUN
ajfa-5431	198	12	are	be	AUX
ajfa-5431	198	13	vastly	vastly	ADV
ajfa-5431	198	14	different	different	ADJ
ajfa-5431	198	15	in	in	ADP
ajfa-5431	198	16	ratios	ratio	NOUN
ajfa-5431	198	17	such	such	ADJ
ajfa-5431	198	18	as	as	ADP
ajfa-5431	198	19	directors	director	NOUN
ajfa-5431	198	20	’	'	PUNCT
ajfa-5431	198	21	pledge	pledge	NOUN
ajfa-5431	198	22	,	,	PUNCT
ajfa-5431	198	23	leverage	leverage	NOUN
ajfa-5431	198	24	,	,	PUNCT
ajfa-5431	198	25	market	market	NOUN
ajfa-5431	198	26	value	value	NOUN
ajfa-5431	198	27	to	to	PART
ajfa-5431	198	28	total	total	VERB
ajfa-5431	198	29	debt	debt	NOUN
ajfa-5431	198	30	,	,	PUNCT
ajfa-5431	198	31	and	and	CCONJ
ajfa-5431	198	32	capital	capital	NOUN
ajfa-5431	198	33	fund	fund	NOUN
ajfa-5431	198	34	to	to	ADP
ajfa-5431	198	35	total	total	ADJ
ajfa-5431	198	36	assets	asset	NOUN
ajfa-5431	198	37	.	.	PUNCT
ajfa-5431	199	1	initial	initial	ADJ
ajfa-5431	199	2	asian	asian	ADJ
ajfa-5431	199	3	journal	journal	NOUN
ajfa-5431	199	4	of	of	ADP
ajfa-5431	199	5	finance	finance	PROPN
ajfa-5431	199	6	&	&	CCONJ
ajfa-5431	199	7	accounting	accounting	PROPN
ajfa-5431	199	8	issn	issn	PROPN
ajfa-5431	199	9	1946	1946	NUM
ajfa-5431	199	10	-	-	PUNCT
ajfa-5431	199	11	052x	052x	PROPN
ajfa-5431	199	12	2014	2014	NUM
ajfa-5431	199	13	,	,	PUNCT
ajfa-5431	199	14	vol	vol	NOUN
ajfa-5431	199	15	.	.	PROPN
ajfa-5431	200	1	6	6	NUM
ajfa-5431	200	2	,	,	PUNCT
ajfa-5431	200	3	no	no	INTJ
ajfa-5431	200	4	.	.	NOUN
ajfa-5431	200	5	1	1	NUM
ajfa-5431	200	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5431	200	7	317	317	NUM
ajfa-5431	200	8	analyses	analysis	NOUN
ajfa-5431	200	9	indicate	indicate	VERB
ajfa-5431	200	10	that	that	SCONJ
ajfa-5431	200	11	insufficient	insufficient	ADJ
ajfa-5431	200	12	liquid	liquid	ADJ
ajfa-5431	200	13	capital	capital	NOUN
ajfa-5431	200	14	,	,	PUNCT
ajfa-5431	200	15	carrying	carry	VERB
ajfa-5431	200	16	on	on	ADP
ajfa-5431	200	17	business	business	NOUN
ajfa-5431	200	18	based	base	VERB
ajfa-5431	200	19	on	on	ADP
ajfa-5431	200	20	high	high	ADJ
ajfa-5431	200	21	debt	debt	NOUN
ajfa-5431	200	22	,	,	PUNCT
ajfa-5431	200	23	and	and	CCONJ
ajfa-5431	200	24	high	high	ADJ
ajfa-5431	200	25	directors	director	NOUN
ajfa-5431	200	26	’	'	PUNCT
ajfa-5431	200	27	pledge	pledge	NOUN
ajfa-5431	200	28	is	be	AUX
ajfa-5431	200	29	the	the	DET
ajfa-5431	200	30	main	main	ADJ
ajfa-5431	200	31	factors	factor	NOUN
ajfa-5431	200	32	contributing	contribute	VERB
ajfa-5431	200	33	to	to	ADP
ajfa-5431	200	34	companies	company	NOUN
ajfa-5431	200	35	being	be	AUX
ajfa-5431	200	36	delisted	delist	VERB
ajfa-5431	200	37	.	.	PUNCT
ajfa-5431	201	1	6	6	X
ajfa-5431	201	2	.	.	X
ajfa-5431	201	3	empirical	empirical	ADJ
ajfa-5431	201	4	results	result	NOUN
ajfa-5431	201	5	the	the	DET
ajfa-5431	201	6	study	study	NOUN
ajfa-5431	201	7	subjects	subject	NOUN
ajfa-5431	201	8	include	include	VERB
ajfa-5431	201	9	taiwan	taiwan	PROPN
ajfa-5431	201	10	listed	list	VERB
ajfa-5431	201	11	companies	company	NOUN
ajfa-5431	201	12	which	which	PRON
ajfa-5431	201	13	have	have	AUX
ajfa-5431	201	14	been	be	AUX
ajfa-5431	201	15	issued	issue	VERB
ajfa-5431	201	16	going	go	VERB
ajfa-5431	201	17	concern	concern	NOUN
ajfa-5431	201	18	suspect	suspect	ADJ
ajfa-5431	201	19	reports	report	NOUN
ajfa-5431	201	20	.	.	PUNCT
ajfa-5431	202	1	the	the	DET
ajfa-5431	202	2	study	study	NOUN
ajfa-5431	202	3	time	time	NOUN
ajfa-5431	202	4	period	period	NOUN
ajfa-5431	202	5	is	be	AUX
ajfa-5431	202	6	from	from	ADP
ajfa-5431	202	7	1988	1988	NUM
ajfa-5431	202	8	to	to	ADP
ajfa-5431	202	9	2007	2007	NUM
ajfa-5431	202	10	.	.	PUNCT
ajfa-5431	203	1	for	for	ADP
ajfa-5431	203	2	companies	company	NOUN
ajfa-5431	203	3	which	which	PRON
ajfa-5431	203	4	did	do	AUX
ajfa-5431	203	5	not	not	PART
ajfa-5431	203	6	get	get	AUX
ajfa-5431	203	7	delisted	delist	VERB
ajfa-5431	203	8	on	on	ADP
ajfa-5431	203	9	dec	dec	PROPN
ajfa-5431	203	10	.	.	PROPN
ajfa-5431	203	11	31	31	NUM
ajfa-5431	203	12	,	,	PUNCT
ajfa-5431	203	13	2007	2007	NUM
ajfa-5431	203	14	,	,	PUNCT
ajfa-5431	203	15	they	they	PRON
ajfa-5431	203	16	are	be	AUX
ajfa-5431	203	17	placed	place	VERB
ajfa-5431	203	18	on	on	ADP
ajfa-5431	203	19	censored	censored	ADJ
ajfa-5431	203	20	data	datum	NOUN
ajfa-5431	203	21	because	because	SCONJ
ajfa-5431	203	22	their	their	PRON
ajfa-5431	203	23	actual	actual	ADJ
ajfa-5431	203	24	survival	survival	NOUN
ajfa-5431	203	25	period	period	NOUN
ajfa-5431	203	26	can	can	AUX
ajfa-5431	203	27	not	not	PART
ajfa-5431	203	28	be	be	AUX
ajfa-5431	203	29	determined	determine	VERB
ajfa-5431	203	30	within	within	ADP
ajfa-5431	203	31	the	the	DET
ajfa-5431	203	32	study	study	NOUN
ajfa-5431	203	33	date	date	NOUN
ajfa-5431	203	34	.	.	PUNCT
ajfa-5431	204	1	analytical	analytical	ADJ
ajfa-5431	204	2	models	model	NOUN
ajfa-5431	204	3	include	include	VERB
ajfa-5431	204	4	the	the	DET
ajfa-5431	204	5	parametric	parametric	ADJ
ajfa-5431	204	6	,	,	PUNCT
ajfa-5431	204	7	semi	semi	ADJ
ajfa-5431	204	8	-	-	ADJ
ajfa-5431	204	9	parametric	parametric	ADJ
ajfa-5431	204	10	and	and	CCONJ
ajfa-5431	204	11	non	non	ADJ
ajfa-5431	204	12	-	-	ADJ
ajfa-5431	204	13	parametric	parametric	ADJ
ajfa-5431	204	14	models	model	NOUN
ajfa-5431	204	15	.	.	PUNCT
ajfa-5431	205	1	theoretically	theoretically	ADV
ajfa-5431	205	2	speaking	speak	VERB
ajfa-5431	205	3	,	,	PUNCT
ajfa-5431	205	4	if	if	SCONJ
ajfa-5431	205	5	after	after	ADP
ajfa-5431	205	6	statistical	statistical	ADJ
ajfa-5431	205	7	verification	verification	NOUN
ajfa-5431	205	8	the	the	DET
ajfa-5431	205	9	study	study	NOUN
ajfa-5431	205	10	data	datum	NOUN
ajfa-5431	205	11	followed	follow	VERB
ajfa-5431	205	12	a	a	DET
ajfa-5431	205	13	specific	specific	ADJ
ajfa-5431	205	14	type	type	NOUN
ajfa-5431	205	15	of	of	ADP
ajfa-5431	205	16	distribution	distribution	NOUN
ajfa-5431	205	17	,	,	PUNCT
ajfa-5431	205	18	it	it	PRON
ajfa-5431	205	19	will	will	AUX
ajfa-5431	205	20	then	then	ADV
ajfa-5431	205	21	be	be	AUX
ajfa-5431	205	22	easier	easy	ADJ
ajfa-5431	205	23	to	to	PART
ajfa-5431	205	24	explain	explain	VERB
ajfa-5431	205	25	its	its	PRON
ajfa-5431	205	26	economic	economic	ADJ
ajfa-5431	205	27	implications	implication	NOUN
ajfa-5431	205	28	.	.	PUNCT
ajfa-5431	206	1	therefore	therefore	ADV
ajfa-5431	206	2	this	this	DET
ajfa-5431	206	3	study	study	NOUN
ajfa-5431	206	4	first	first	ADV
ajfa-5431	206	5	uses	use	VERB
ajfa-5431	206	6	parametric	parametric	ADJ
ajfa-5431	206	7	model	model	NOUN
ajfa-5431	206	8	,	,	PUNCT
ajfa-5431	206	9	if	if	SCONJ
ajfa-5431	206	10	it	it	PRON
ajfa-5431	206	11	is	be	AUX
ajfa-5431	206	12	not	not	PART
ajfa-5431	206	13	a	a	DET
ajfa-5431	206	14	fit	fit	ADJ
ajfa-5431	206	15	distribution	distribution	NOUN
ajfa-5431	206	16	,	,	PUNCT
ajfa-5431	206	17	then	then	ADV
ajfa-5431	206	18	semi	semi	ADJ
ajfa-5431	206	19	-	-	ADJ
ajfa-5431	206	20	parametric	parametric	ADJ
ajfa-5431	206	21	and	and	CCONJ
ajfa-5431	206	22	non	non	ADJ
ajfa-5431	206	23	-	-	ADJ
ajfa-5431	206	24	parametric	parametric	ADJ
ajfa-5431	206	25	models	model	NOUN
ajfa-5431	206	26	will	will	AUX
ajfa-5431	206	27	be	be	AUX
ajfa-5431	206	28	used	use	VERB
ajfa-5431	206	29	.	.	PUNCT
ajfa-5431	207	1	the	the	DET
ajfa-5431	207	2	parameters	parameter	NOUN
ajfa-5431	207	3	of	of	ADP
ajfa-5431	207	4	generalized	generalized	ADJ
ajfa-5431	207	5	f	f	NOUN
ajfa-5431	207	6	distribution	distribution	NOUN
ajfa-5431	207	7	are	be	AUX
ajfa-5431	207	8	used	use	VERB
ajfa-5431	207	9	to	to	PART
ajfa-5431	207	10	test	test	VERB
ajfa-5431	207	11	which	which	DET
ajfa-5431	207	12	parameter	parameter	NOUN
ajfa-5431	207	13	model	model	NOUN
ajfa-5431	207	14	fitted	fit	VERB
ajfa-5431	207	15	the	the	DET
ajfa-5431	207	16	data	datum	NOUN
ajfa-5431	207	17	survival	survival	NOUN
ajfa-5431	207	18	period	period	NOUN
ajfa-5431	207	19	.	.	PUNCT
ajfa-5431	208	1	after	after	ADP
ajfa-5431	208	2	distribution	distribution	NOUN
ajfa-5431	208	3	verification	verification	NOUN
ajfa-5431	208	4	,	,	PUNCT
ajfa-5431	208	5	split	split	ADJ
ajfa-5431	208	6	model	model	NOUN
ajfa-5431	208	7	is	be	AUX
ajfa-5431	208	8	used	use	VERB
ajfa-5431	208	9	to	to	PART
ajfa-5431	208	10	estimate	estimate	VERB
ajfa-5431	208	11	with	with	ADP
ajfa-5431	208	12	the	the	DET
ajfa-5431	208	13	addition	addition	NOUN
ajfa-5431	208	14	of	of	ADP
ajfa-5431	208	15	explanatory	explanatory	ADJ
ajfa-5431	208	16	variables	variable	NOUN
ajfa-5431	208	17	.	.	PUNCT
ajfa-5431	209	1	since	since	SCONJ
ajfa-5431	209	2	the	the	DET
ajfa-5431	209	3	survival	survival	NOUN
ajfa-5431	209	4	period	period	NOUN
ajfa-5431	209	5	of	of	ADP
ajfa-5431	209	6	delisted	delist	VERB
ajfa-5431	209	7	companies	company	NOUN
ajfa-5431	209	8	can	can	AUX
ajfa-5431	209	9	not	not	PART
ajfa-5431	209	10	be	be	AUX
ajfa-5431	209	11	determined	determine	VERB
ajfa-5431	209	12	by	by	ADP
ajfa-5431	209	13	economic	economic	ADJ
ajfa-5431	209	14	theories	theory	NOUN
ajfa-5431	209	15	,	,	PUNCT
ajfa-5431	209	16	this	this	DET
ajfa-5431	209	17	study	study	NOUN
ajfa-5431	209	18	will	will	AUX
ajfa-5431	209	19	use	use	VERB
ajfa-5431	209	20	generalized	generalized	ADJ
ajfa-5431	209	21	f	f	NOUN
ajfa-5431	209	22	distribution	distribution	NOUN
ajfa-5431	209	23	to	to	PART
ajfa-5431	209	24	test	test	VERB
ajfa-5431	209	25	the	the	DET
ajfa-5431	209	26	alternative	alternative	ADJ
ajfa-5431	209	27	hypotheses	hypothesis	NOUN
ajfa-5431	209	28	m1≠1	m1≠1	NOUN
ajfa-5431	209	29	and	and	CCONJ
ajfa-5431	209	30	m2≠1	m2≠1	PROPN
ajfa-5431	209	31	.	.	PUNCT
ajfa-5431	210	1	test	test	NOUN
ajfa-5431	210	2	results	result	NOUN
ajfa-5431	210	3	show	show	VERB
ajfa-5431	210	4	m1	m1	PROPN
ajfa-5431	210	5	and	and	CCONJ
ajfa-5431	210	6	m2	m2	PROPN
ajfa-5431	210	7	’s	’s	PART
ajfa-5431	210	8	estimate	estimate	NOUN
ajfa-5431	210	9	values	value	NOUN
ajfa-5431	210	10	are	be	AUX
ajfa-5431	210	11	3.534	3.534	NUM
ajfa-5431	210	12	and	and	CCONJ
ajfa-5431	210	13	60.542	60.542	NUM
ajfa-5431	210	14	,	,	PUNCT
ajfa-5431	210	15	z	z	NOUN
ajfa-5431	210	16	-	-	PUNCT
ajfa-5431	210	17	values	value	NOUN
ajfa-5431	210	18	are	be	AUX
ajfa-5431	210	19	1.245	1.245	NUM
ajfa-5431	210	20	and	and	CCONJ
ajfa-5431	210	21	0.172	0.172	NUM
ajfa-5431	210	22	respectively	respectively	ADV
ajfa-5431	210	23	.	.	PUNCT
ajfa-5431	211	1	it	it	PRON
ajfa-5431	211	2	is	be	AUX
ajfa-5431	211	3	clear	clear	ADJ
ajfa-5431	211	4	that	that	SCONJ
ajfa-5431	211	5	under	under	ADP
ajfa-5431	211	6	significant	significant	ADJ
ajfa-5431	211	7	confidence	confidence	NOUN
ajfa-5431	211	8	level	level	NOUN
ajfa-5431	211	9	α=0.05	α=0.05	NOUN
ajfa-5431	211	10	,	,	PUNCT
ajfa-5431	211	11	m1	m1	PROPN
ajfa-5431	211	12	and	and	CCONJ
ajfa-5431	211	13	m2	m2	PROPN
ajfa-5431	211	14	equals	equal	VERB
ajfa-5431	211	15	1	1	NUM
ajfa-5431	211	16	are	be	AUX
ajfa-5431	211	17	fail	fail	ADJ
ajfa-5431	211	18	to	to	PART
ajfa-5431	211	19	reject	reject	VERB
ajfa-5431	211	20	that	that	SCONJ
ajfa-5431	211	21	it	it	PRON
ajfa-5431	211	22	obeys	obey	VERB
ajfa-5431	211	23	log	log	NOUN
ajfa-5431	211	24	-	-	PUNCT
ajfa-5431	211	25	logistic	logistic	ADJ
ajfa-5431	211	26	distribution	distribution	NOUN
ajfa-5431	211	27	.	.	PUNCT
ajfa-5431	212	1	therefore	therefore	ADV
ajfa-5431	212	2	this	this	DET
ajfa-5431	212	3	study	study	NOUN
ajfa-5431	212	4	infers	infer	NOUN
ajfa-5431	212	5	that	that	PRON
ajfa-5431	212	6	data	datum	NOUN
ajfa-5431	212	7	distribution	distribution	NOUN
ajfa-5431	212	8	is	be	AUX
ajfa-5431	212	9	closer	close	ADJ
ajfa-5431	212	10	to	to	PART
ajfa-5431	212	11	log	log	VERB
ajfa-5431	212	12	-	-	PUNCT
ajfa-5431	212	13	logistic	logistic	ADJ
ajfa-5431	212	14	distribution	distribution	NOUN
ajfa-5431	212	15	.	.	PUNCT
ajfa-5431	213	1	due	due	ADP
ajfa-5431	213	2	to	to	ADP
ajfa-5431	213	3	the	the	DET
ajfa-5431	213	4	fact	fact	NOUN
ajfa-5431	213	5	that	that	SCONJ
ajfa-5431	213	6	not	not	PART
ajfa-5431	213	7	all	all	DET
ajfa-5431	213	8	companies	company	NOUN
ajfa-5431	213	9	will	will	AUX
ajfa-5431	213	10	be	be	AUX
ajfa-5431	213	11	delisted	delist	VERB
ajfa-5431	213	12	after	after	ADP
ajfa-5431	213	13	first	first	ADJ
ajfa-5431	213	14	issuance	issuance	NOUN
ajfa-5431	213	15	of	of	ADP
ajfa-5431	213	16	going	go	VERB
ajfa-5431	213	17	concern	concern	NOUN
ajfa-5431	213	18	suspect	suspect	VERB
ajfa-5431	213	19	,	,	PUNCT
ajfa-5431	213	20	this	this	PRON
ajfa-5431	213	21	means	mean	VERB
ajfa-5431	213	22	the	the	DET
ajfa-5431	213	23	probability	probability	NOUN
ajfa-5431	213	24	of	of	ADP
ajfa-5431	213	25	delist	delist	NOUN
ajfa-5431	213	26	will	will	AUX
ajfa-5431	213	27	not	not	PART
ajfa-5431	213	28	equal	equal	VERB
ajfa-5431	213	29	to	to	ADP
ajfa-5431	213	30	1	1	NUM
ajfa-5431	213	31	.	.	PUNCT
ajfa-5431	214	1	therefore	therefore	ADV
ajfa-5431	214	2	this	this	DET
ajfa-5431	214	3	study	study	NOUN
ajfa-5431	214	4	draws	draw	VERB
ajfa-5431	214	5	the	the	DET
ajfa-5431	214	6	assumption	assumption	NOUN
ajfa-5431	214	7	that	that	SCONJ
ajfa-5431	214	8	failure	failure	NOUN
ajfa-5431	214	9	rate	rate	NOUN
ajfa-5431	214	10	of	of	ADP
ajfa-5431	214	11	delist	delist	NOUN
ajfa-5431	214	12	companies	company	NOUN
ajfa-5431	214	13	is	be	AUX
ajfa-5431	214	14	less	less	ADJ
ajfa-5431	214	15	than	than	ADP
ajfa-5431	214	16	1	1	NUM
ajfa-5431	214	17	.	.	PUNCT
ajfa-5431	214	18	by	by	ADP
ajfa-5431	214	19	importing	import	VERB
ajfa-5431	214	20	split	split	NOUN
ajfa-5431	214	21	-	-	PUNCT
ajfa-5431	214	22	population	population	NOUN
ajfa-5431	214	23	log	log	NOUN
ajfa-5431	214	24	-	-	PUNCT
ajfa-5431	214	25	logistic	logistic	NOUN
ajfa-5431	214	26	model	model	NOUN
ajfa-5431	214	27	(	(	PUNCT
ajfa-5431	214	28	split	split	NOUN
ajfa-5431	214	29	model	model	NOUN
ajfa-5431	214	30	in	in	ADP
ajfa-5431	214	31	short	short	ADJ
ajfa-5431	214	32	)	)	PUNCT
ajfa-5431	214	33	,	,	PUNCT
ajfa-5431	214	34	and	and	CCONJ
ajfa-5431	214	35	also	also	ADV
ajfa-5431	214	36	log	log	NOUN
ajfa-5431	214	37	-	-	PUNCT
ajfa-5431	214	38	logistic	logistic	ADJ
ajfa-5431	214	39	model	model	NOUN
ajfa-5431	214	40	(	(	PUNCT
ajfa-5431	214	41	standard	standard	ADJ
ajfa-5431	214	42	model	model	NOUN
ajfa-5431	214	43	in	in	ADP
ajfa-5431	214	44	short	short	ADJ
ajfa-5431	214	45	)	)	PUNCT
ajfa-5431	214	46	,	,	PUNCT
ajfa-5431	214	47	the	the	DET
ajfa-5431	214	48	data	datum	NOUN
ajfa-5431	214	49	are	be	AUX
ajfa-5431	214	50	ready	ready	ADJ
ajfa-5431	214	51	for	for	ADP
ajfa-5431	214	52	comparison	comparison	NOUN
ajfa-5431	214	53	.	.	PUNCT
ajfa-5431	215	1	to	to	PART
ajfa-5431	215	2	understand	understand	VERB
ajfa-5431	215	3	the	the	DET
ajfa-5431	215	4	risk	risk	NOUN
ajfa-5431	215	5	functions	function	NOUN
ajfa-5431	215	6	faced	face	VERB
ajfa-5431	215	7	by	by	ADP
ajfa-5431	215	8	delisted	delisted	ADJ
ajfa-5431	215	9	companies	company	NOUN
ajfa-5431	215	10	,	,	PUNCT
ajfa-5431	215	11	the	the	DET
ajfa-5431	215	12	results	result	NOUN
ajfa-5431	215	13	of	of	ADP
ajfa-5431	215	14	the	the	DET
ajfa-5431	215	15	two	two	NUM
ajfa-5431	215	16	models	model	NOUN
ajfa-5431	215	17	’	'	PUNCT
ajfa-5431	215	18	estimate	estimate	NOUN
ajfa-5431	215	19	parameters	parameter	NOUN
ajfa-5431	215	20	are	be	AUX
ajfa-5431	215	21	listed	list	VERB
ajfa-5431	215	22	in	in	ADP
ajfa-5431	215	23	table	table	NOUN
ajfa-5431	215	24	4	4	NUM
ajfa-5431	215	25	.	.	NOUN
ajfa-5431	215	26	standard	standard	ADJ
ajfa-5431	215	27	and	and	CCONJ
ajfa-5431	215	28	split	split	NOUN
ajfa-5431	215	29	models	model	NOUN
ajfa-5431	215	30	’	'	PUNCT
ajfa-5431	215	31	σ	σ	NOUN
ajfa-5431	215	32	value	value	NOUN
ajfa-5431	215	33	is	be	AUX
ajfa-5431	215	34	0.436	0.436	NUM
ajfa-5431	215	35	and	and	CCONJ
ajfa-5431	215	36	0.425	0.425	NUM
ajfa-5431	215	37	respectively	respectively	ADV
ajfa-5431	215	38	,	,	PUNCT
ajfa-5431	215	39	both	both	PRON
ajfa-5431	215	40	significantly	significantly	ADV
ajfa-5431	215	41	greater	great	ADJ
ajfa-5431	215	42	than	than	ADP
ajfa-5431	215	43	0	0	NUM
ajfa-5431	215	44	.	.	PUNCT
ajfa-5431	216	1	parameter	parameter	NOUN
ajfa-5431	216	2	(	(	PUNCT
ajfa-5431	216	3	1	1	NUM
ajfa-5431	216	4	/	/	SYM
ajfa-5431	216	5	)	)	PUNCT
ajfa-5431	216	6	γ	γ	NOUN
ajfa-5431	216	7	σ=	σ=	NOUN
ajfa-5431	216	8	are	be	AUX
ajfa-5431	216	9	greater	great	ADJ
ajfa-5431	216	10	than	than	ADP
ajfa-5431	216	11	1	1	NUM
ajfa-5431	216	12	,	,	PUNCT
ajfa-5431	216	13	which	which	PRON
ajfa-5431	216	14	means	mean	VERB
ajfa-5431	216	15	risk	risk	NOUN
ajfa-5431	216	16	rate	rate	NOUN
ajfa-5431	216	17	will	will	AUX
ajfa-5431	216	18	start	start	VERB
ajfa-5431	216	19	from	from	ADP
ajfa-5431	216	20	first	first	ADJ
ajfa-5431	216	21	issuance	issuance	NOUN
ajfa-5431	216	22	of	of	ADP
ajfa-5431	216	23	going	go	VERB
ajfa-5431	216	24	concern	concern	NOUN
ajfa-5431	216	25	suspect	suspect	ADJ
ajfa-5431	216	26	(	(	PUNCT
ajfa-5431	216	27	t=0	t=0	NUM
ajfa-5431	216	28	)	)	PUNCT
ajfa-5431	216	29	,	,	PUNCT
ajfa-5431	216	30	then	then	ADV
ajfa-5431	216	31	the	the	DET
ajfa-5431	216	32	rate	rate	NOUN
ajfa-5431	216	33	will	will	AUX
ajfa-5431	216	34	increase	increase	VERB
ajfa-5431	216	35	incrementally	incrementally	ADV
ajfa-5431	216	36	as	as	SCONJ
ajfa-5431	216	37	time	time	NOUN
ajfa-5431	216	38	goes	go	VERB
ajfa-5431	216	39	on	on	ADP
ajfa-5431	216	40	,	,	PUNCT
ajfa-5431	216	41	when	when	SCONJ
ajfa-5431	216	42	reaches	reach	VERB
ajfa-5431	216	43	the	the	DET
ajfa-5431	216	44	maximum	maximum	ADJ
ajfa-5431	216	45	value	value	NOUN
ajfa-5431	216	46	,	,	PUNCT
ajfa-5431	216	47	it	it	PRON
ajfa-5431	216	48	will	will	AUX
ajfa-5431	216	49	decrease	decrease	VERB
ajfa-5431	216	50	gradually	gradually	ADV
ajfa-5431	216	51	.	.	PUNCT
ajfa-5431	217	1	risk	risk	NOUN
ajfa-5431	217	2	function	function	NOUN
ajfa-5431	217	3	is	be	AUX
ajfa-5431	217	4	shown	show	VERB
ajfa-5431	217	5	as	as	ADP
ajfa-5431	217	6	upside	upside	ADV
ajfa-5431	217	7	down	down	ADV
ajfa-5431	217	8	u	u	NOUN
ajfa-5431	217	9	shaped	shape	VERB
ajfa-5431	217	10	.	.	PUNCT
ajfa-5431	218	1	asian	asian	ADJ
ajfa-5431	218	2	journal	journal	PROPN
ajfa-5431	218	3	of	of	ADP
ajfa-5431	218	4	finance	finance	PROPN
ajfa-5431	218	5	&	&	CCONJ
ajfa-5431	218	6	accounting	accounting	PROPN
ajfa-5431	218	7	issn	issn	PROPN
ajfa-5431	218	8	1946	1946	NUM
ajfa-5431	218	9	-	-	PUNCT
ajfa-5431	218	10	052x	052x	PROPN
ajfa-5431	218	11	2014	2014	NUM
ajfa-5431	218	12	,	,	PUNCT
ajfa-5431	218	13	vol	vol	NOUN
ajfa-5431	218	14	.	.	PROPN
ajfa-5431	219	1	6	6	NUM
ajfa-5431	219	2	,	,	PUNCT
ajfa-5431	219	3	no	no	INTJ
ajfa-5431	219	4	.	.	NOUN
ajfa-5431	219	5	1	1	NUM
ajfa-5431	219	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5431	219	7	318	318	NUM
ajfa-5431	219	8	table	table	NOUN
ajfa-5431	219	9	4	4	NUM
ajfa-5431	219	10	.	.	PUNCT
ajfa-5431	219	11	estimating	estimate	VERB
ajfa-5431	219	12	log	log	NOUN
ajfa-5431	219	13	-	-	PUNCT
ajfa-5431	219	14	logistic	logistic	NOUN
ajfa-5431	219	15	model	model	NOUN
ajfa-5431	219	16	and	and	CCONJ
ajfa-5431	219	17	split	split	ADJ
ajfa-5431	219	18	-	-	PUNCT
ajfa-5431	219	19	population	population	NOUN
ajfa-5431	219	20	log	log	NOUN
ajfa-5431	219	21	-	-	PUNCT
ajfa-5431	219	22	logistic	logistic	ADJ
ajfa-5431	219	23	model	model	NOUN
ajfa-5431	219	24	variables	variables	PROPN
ajfa-5431	219	25	movement	movement	NOUN
ajfa-5431	219	26	expectation	expectation	NOUN
ajfa-5431	219	27	log	log	NOUN
ajfa-5431	219	28	-	-	PUNCT
ajfa-5431	219	29	logistic	logistic	NOUN
ajfa-5431	219	30	model	model	NOUN
ajfa-5431	219	31	split	split	NOUN
ajfa-5431	219	32	-	-	PUNCT
ajfa-5431	219	33	population	population	NOUN
ajfa-5431	219	34	log	log	NOUN
ajfa-5431	219	35	-	-	PUNCT
ajfa-5431	219	36	logistic	logistic	ADJ
ajfa-5431	219	37	model	model	NOUN
ajfa-5431	219	38	constant	constant	ADJ
ajfa-5431	219	39	0.958	0.958	NUM
ajfa-5431	219	40	(	(	PUNCT
ajfa-5431	219	41	0.065	0.065	NUM
ajfa-5431	219	42	)	)	PUNCT
ajfa-5431	219	43	0.908	0.908	NUM
ajfa-5431	219	44	(	(	PUNCT
ajfa-5431	219	45	0.067	0.067	NUM
ajfa-5431	219	46	)	)	PUNCT
ajfa-5431	219	47	directors	director	NOUN
ajfa-5431	219	48	’	'	PUNCT
ajfa-5431	219	49	pledging	pledge	VERB
ajfa-5431	219	50	ratio	ratio	NOUN
ajfa-5431	219	51	+	+	CCONJ
ajfa-5431	219	52	0.479	0.479	NUM
ajfa-5431	219	53	*	*	SYM
ajfa-5431	219	54	(	(	PUNCT
ajfa-5431	219	55	0.021	0.021	NUM
ajfa-5431	219	56	)	)	PUNCT
ajfa-5431	219	57	-0.379	-0.379	PROPN
ajfa-5431	219	58	*	*	PUNCT
ajfa-5431	219	59	(	(	PUNCT
ajfa-5431	219	60	0.026	0.026	NUM
ajfa-5431	219	61	)	)	PUNCT
ajfa-5431	219	62	shareholding	shareholding	NOUN
ajfa-5431	219	63	ratio	ratio	NOUN
ajfa-5431	219	64	by	by	ADP
ajfa-5431	219	65	insiders	insider	NOUN
ajfa-5431	219	66	－	－	PROPN
ajfa-5431	219	67	-0.152	-0.152	X
ajfa-5431	219	68	*	*	PUNCT
ajfa-5431	219	69	(	(	PUNCT
ajfa-5431	219	70	0.018	0.018	NUM
ajfa-5431	219	71	)	)	PUNCT
ajfa-5431	219	72	-0.831	-0.831	X
ajfa-5431	220	1	*	*	PUNCT
ajfa-5431	220	2	*	*	PUNCT
ajfa-5431	220	3	(	(	PUNCT
ajfa-5431	220	4	0.005	0.005	NUM
ajfa-5431	220	5	)	)	PUNCT
ajfa-5431	220	6	audit	audit	NOUN
ajfa-5431	220	7	system	system	NOUN
ajfa-5431	220	8	－	－	ADJ
ajfa-5431	220	9	-0.213	-0.213	NOUN
ajfa-5431	220	10	*	*	PUNCT
ajfa-5431	220	11	*	*	PUNCT
ajfa-5431	220	12	(	(	PUNCT
ajfa-5431	220	13	0.008	0.008	NUM
ajfa-5431	220	14	)	)	PUNCT
ajfa-5431	220	15	-0.226	-0.226	PUNCT
ajfa-5431	220	16	*	*	PUNCT
ajfa-5431	220	17	*	*	PUNCT
ajfa-5431	220	18	(	(	PUNCT
ajfa-5431	220	19	0.003	0.003	NUM
ajfa-5431	220	20	)	)	PUNCT
ajfa-5431	220	21	company	company	NOUN
ajfa-5431	220	22	age	age	NOUN
ajfa-5431	220	23	(	(	PUNCT
ajfa-5431	220	24	year	year	NOUN
ajfa-5431	220	25	)	)	PUNCT
ajfa-5431	221	1	－	－	ADJ
ajfa-5431	221	2	-0.021	-0.021	NOUN
ajfa-5431	221	3	*	*	PUNCT
ajfa-5431	221	4	*	*	PUNCT
ajfa-5431	221	5	(	(	PUNCT
ajfa-5431	221	6	0.008	0.008	NUM
ajfa-5431	221	7	)	)	PUNCT
ajfa-5431	221	8	-0.033	-0.033	NOUN
ajfa-5431	221	9	*	*	PUNCT
ajfa-5431	221	10	*	*	PUNCT
ajfa-5431	221	11	(	(	PUNCT
ajfa-5431	221	12	0.008	0.008	NUM
ajfa-5431	221	13	)	)	PUNCT
ajfa-5431	221	14	company	company	NOUN
ajfa-5431	221	15	size	size	NOUN
ajfa-5431	221	16	－	－	PROPN
ajfa-5431	221	17	-0.112	-0.112	PUNCT
ajfa-5431	221	18	(	(	PUNCT
ajfa-5431	221	19	0.072	0.072	NUM
ajfa-5431	221	20	)	)	PUNCT
ajfa-5431	221	21	-0.251	-0.251	X
ajfa-5431	221	22	(	(	PUNCT
ajfa-5431	221	23	0.072	0.072	NUM
ajfa-5431	221	24	)	)	PUNCT
ajfa-5431	221	25	liquidity	liquidity	NOUN
ajfa-5431	221	26	ratio	ratio	NOUN
ajfa-5431	221	27	－	－	PROPN
ajfa-5431	221	28	0.012	0.012	NUM
ajfa-5431	221	29	(	(	PUNCT
ajfa-5431	221	30	0.212	0.212	NUM
ajfa-5431	221	31	)	)	PUNCT
ajfa-5431	221	32	0.011	0.011	NUM
ajfa-5431	221	33	(	(	PUNCT
ajfa-5431	221	34	0.213	0.213	NUM
ajfa-5431	221	35	)	)	PUNCT
ajfa-5431	221	36	ratio	ratio	NOUN
ajfa-5431	221	37	of	of	ADP
ajfa-5431	221	38	operation	operation	NOUN
ajfa-5431	221	39	fund	fund	NOUN
ajfa-5431	221	40	to	to	ADP
ajfa-5431	221	41	total	total	ADJ
ajfa-5431	221	42	assets	asset	NOUN
ajfa-5431	221	43	－	－	ADJ
ajfa-5431	221	44	-0.009	-0.009	NUM
ajfa-5431	221	45	(	(	PUNCT
ajfa-5431	221	46	0.209	0.209	NUM
ajfa-5431	221	47	)	)	PUNCT
ajfa-5431	221	48	-0.009	-0.009	NOUN
ajfa-5431	221	49	(	(	PUNCT
ajfa-5431	221	50	0.212	0.212	NUM
ajfa-5431	221	51	)	)	PUNCT
ajfa-5431	221	52	ratio	ratio	NOUN
ajfa-5431	221	53	of	of	ADP
ajfa-5431	221	54	operation	operation	NOUN
ajfa-5431	221	55	cash	cash	NOUN
ajfa-5431	221	56	flow	flow	NOUN
ajfa-5431	221	57	to	to	ADP
ajfa-5431	221	58	total	total	ADJ
ajfa-5431	221	59	debt	debt	NOUN
ajfa-5431	221	60	－	－	PROPN
ajfa-5431	221	61	-1.837	-1.837	X
ajfa-5431	221	62	(	(	PUNCT
ajfa-5431	221	63	0.376	0.376	NUM
ajfa-5431	221	64	)	)	PUNCT
ajfa-5431	221	65	-1.322	-1.322	PROPN
ajfa-5431	221	66	(	(	PUNCT
ajfa-5431	221	67	0.362	0.362	NUM
ajfa-5431	221	68	)	)	PUNCT
ajfa-5431	221	69	leverage	leverage	NOUN
ajfa-5431	221	70	ratio	ratio	NOUN
ajfa-5431	221	71	+	+	CCONJ
ajfa-5431	221	72	0.129	0.129	NUM
ajfa-5431	221	73	(	(	PUNCT
ajfa-5431	221	74	0.299	0.299	NUM
ajfa-5431	221	75	)	)	PUNCT
ajfa-5431	221	76	0.104	0.104	NUM
ajfa-5431	221	77	(	(	PUNCT
ajfa-5431	221	78	0.298	0.298	NUM
ajfa-5431	221	79	)	)	PUNCT
ajfa-5431	221	80	ratio	ratio	NOUN
ajfa-5431	221	81	of	of	ADP
ajfa-5431	221	82	retained	retain	VERB
ajfa-5431	221	83	earnings	earning	NOUN
ajfa-5431	221	84	to	to	ADP
ajfa-5431	221	85	total	total	ADJ
ajfa-5431	221	86	assets	asset	NOUN
ajfa-5431	221	87	－	－	ADJ
ajfa-5431	221	88	-0.368	-0.368	NOUN
ajfa-5431	221	89	*	*	SYM
ajfa-5431	221	90	(	(	PUNCT
ajfa-5431	221	91	0.046	0.046	NUM
ajfa-5431	221	92	)	)	PUNCT
ajfa-5431	221	93	-0.454	-0.454	NOUN
ajfa-5431	221	94	*	*	PUNCT
ajfa-5431	221	95	(	(	PUNCT
ajfa-5431	221	96	0.045	0.045	NUM
ajfa-5431	221	97	)	)	PUNCT
ajfa-5431	221	98	ratio	ratio	NOUN
ajfa-5431	221	99	of	of	ADP
ajfa-5431	221	100	market	market	NOUN
ajfa-5431	221	101	value	value	NOUN
ajfa-5431	221	102	to	to	PART
ajfa-5431	221	103	total	total	VERB
ajfa-5431	221	104	debt	debt	NOUN
ajfa-5431	221	105	－	－	VERB
ajfa-5431	221	106	-0.615	-0.615	NOUN
ajfa-5431	221	107	*	*	PUNCT
ajfa-5431	221	108	*	*	PUNCT
ajfa-5431	221	109	(	(	PUNCT
ajfa-5431	221	110	0.008	0.008	NUM
ajfa-5431	221	111	)	)	PUNCT
ajfa-5431	221	112	-0.746	-0.746	NOUN
ajfa-5431	221	113	*	*	PUNCT
ajfa-5431	221	114	*	*	PUNCT
ajfa-5431	221	115	(	(	PUNCT
ajfa-5431	221	116	0.007	0.007	NUM
ajfa-5431	221	117	)	)	PUNCT
ajfa-5431	221	118	industry	industry	NOUN
ajfa-5431	221	119	factor	factor	NOUN
ajfa-5431	221	120	？	？	PROPN
ajfa-5431	221	121	0.168	0.168	NUM
ajfa-5431	221	122	(	(	PUNCT
ajfa-5431	221	123	0.235	0.235	NUM
ajfa-5431	221	124	)	)	PUNCT
ajfa-5431	221	125	0.192	0.192	NUM
ajfa-5431	221	126	(	(	PUNCT
ajfa-5431	221	127	0.161	0.161	NUM
ajfa-5431	221	128	)	)	PUNCT
ajfa-5431	221	129	economic	economic	ADJ
ajfa-5431	221	130	prosperity	prosperity	NOUN
ajfa-5431	221	131	+	+	CCONJ
ajfa-5431	221	132	0.135	0.135	NUM
ajfa-5431	221	133	(	(	PUNCT
ajfa-5431	221	134	0.328	0.328	NUM
ajfa-5431	221	135	)	)	PUNCT
ajfa-5431	221	136	0.171	0.171	NUM
ajfa-5431	221	137	(	(	PUNCT
ajfa-5431	221	138	0.211	0.211	NUM
ajfa-5431	221	139	)	)	PUNCT
ajfa-5431	221	140	σ	σ	NOUN
ajfa-5431	221	141	0.436	0.436	NUM
ajfa-5431	221	142	*	*	PUNCT
ajfa-5431	221	143	*	*	PUNCT
ajfa-5431	221	144	(	(	PUNCT
ajfa-5431	221	145	0.004	0.004	NUM
ajfa-5431	221	146	)	)	PUNCT
ajfa-5431	221	147	0.425	0.425	NUM
ajfa-5431	221	148	*	*	NOUN
ajfa-5431	221	149	*	*	PUNCT
ajfa-5431	221	150	(	(	PUNCT
ajfa-5431	221	151	0.002	0.002	NUM
ajfa-5431	221	152	)	)	PUNCT
ajfa-5431	221	153	δ	δ	PROPN
ajfa-5431	221	154	0.834	0.834	NUM
ajfa-5431	221	155	*	*	PUNCT
ajfa-5431	221	156	*	*	PUNCT
ajfa-5431	221	157	(	(	PUNCT
ajfa-5431	221	158	0.007	0.007	NUM
ajfa-5431	221	159	)	)	PUNCT
ajfa-5431	221	160	note	note	NOUN
ajfa-5431	221	161	:	:	PUNCT
ajfa-5431	222	1	1	1	X
ajfa-5431	222	2	.	.	X
ajfa-5431	222	3	*	*	NOUN
ajfa-5431	222	4	*	*	PUNCT
ajfa-5431	222	5	means	mean	VERB
ajfa-5431	222	6	significant	significant	ADJ
ajfa-5431	222	7	under	under	ADP
ajfa-5431	222	8	0.01	0.01	NUM
ajfa-5431	222	9	confidence	confidence	NOUN
ajfa-5431	222	10	level	level	NOUN
ajfa-5431	222	11	,	,	PUNCT
ajfa-5431	222	12	*	*	PUNCT
ajfa-5431	222	13	means	mean	VERB
ajfa-5431	222	14	significant	significant	ADJ
ajfa-5431	222	15	under	under	ADP
ajfa-5431	222	16	0.05	0.05	NUM
ajfa-5431	222	17	confidence	confidence	NOUN
ajfa-5431	222	18	level	level	NOUN
ajfa-5431	222	19	.	.	PUNCT
ajfa-5431	223	1	p	p	NOUN
ajfa-5431	223	2	value	value	NOUN
ajfa-5431	223	3	in	in	ADP
ajfa-5431	223	4	(	(	PUNCT
ajfa-5431	223	5	)	)	PUNCT
ajfa-5431	223	6	.	.	PUNCT
ajfa-5431	224	1	2	2	X
ajfa-5431	224	2	.	.	NUM
ajfa-5431	224	3	listed	list	VERB
ajfa-5431	224	4	years	year	NOUN
ajfa-5431	224	5	refer	refer	VERB
ajfa-5431	224	6	to	to	ADP
ajfa-5431	224	7	the	the	DET
ajfa-5431	224	8	years	year	NOUN
ajfa-5431	224	9	the	the	DET
ajfa-5431	224	10	companies	company	NOUN
ajfa-5431	224	11	were	be	AUX
ajfa-5431	224	12	set	set	VERB
ajfa-5431	224	13	up	up	ADP
ajfa-5431	224	14	to	to	ADP
ajfa-5431	224	15	the	the	DET
ajfa-5431	224	16	year	year	NOUN
ajfa-5431	224	17	of	of	ADP
ajfa-5431	224	18	study	study	NOUN
ajfa-5431	224	19	end	end	NOUN
ajfa-5431	224	20	date	date	NOUN
ajfa-5431	224	21	.	.	PUNCT
ajfa-5431	225	1	company	company	NOUN
ajfa-5431	225	2	size	size	NOUN
ajfa-5431	225	3	is	be	AUX
ajfa-5431	225	4	natural	natural	ADJ
ajfa-5431	225	5	logarithms	logarithm	NOUN
ajfa-5431	225	6	of	of	ADP
ajfa-5431	225	7	total	total	ADJ
ajfa-5431	225	8	assets	asset	NOUN
ajfa-5431	225	9	.	.	PUNCT
ajfa-5431	226	1	liquidity	liquidity	NOUN
ajfa-5431	226	2	ratio	ratio	NOUN
ajfa-5431	226	3	is	be	AUX
ajfa-5431	226	4	the	the	DET
ajfa-5431	226	5	ration	ration	NOUN
ajfa-5431	226	6	of	of	ADP
ajfa-5431	226	7	liquid	liquid	ADJ
ajfa-5431	226	8	asset	asset	NOUN
ajfa-5431	226	9	to	to	ADP
ajfa-5431	226	10	liquid	liquid	ADJ
ajfa-5431	226	11	debt	debt	NOUN
ajfa-5431	226	12	.	.	PUNCT
ajfa-5431	227	1	operation	operation	NOUN
ajfa-5431	227	2	fund	fund	NOUN
ajfa-5431	227	3	is	be	AUX
ajfa-5431	227	4	the	the	DET
ajfa-5431	227	5	difference	difference	NOUN
ajfa-5431	227	6	between	between	ADP
ajfa-5431	227	7	liquid	liquid	ADJ
ajfa-5431	227	8	assets	asset	NOUN
ajfa-5431	227	9	and	and	CCONJ
ajfa-5431	227	10	liquid	liquid	ADJ
ajfa-5431	227	11	debt	debt	NOUN
ajfa-5431	227	12	,	,	PUNCT
ajfa-5431	227	13	operation	operation	NOUN
ajfa-5431	227	14	fund	fund	NOUN
ajfa-5431	227	15	to	to	PART
ajfa-5431	227	16	total	total	ADJ
ajfa-5431	227	17	assets	asset	NOUN
ajfa-5431	227	18	ratio	ratio	NOUN
ajfa-5431	227	19	is	be	AUX
ajfa-5431	227	20	the	the	DET
ajfa-5431	227	21	ratio	ratio	NOUN
ajfa-5431	227	22	of	of	ADP
ajfa-5431	227	23	capital	capital	NOUN
ajfa-5431	227	24	fund	fund	NOUN
ajfa-5431	227	25	to	to	ADP
ajfa-5431	227	26	total	total	ADJ
ajfa-5431	227	27	assets	asset	NOUN
ajfa-5431	227	28	.	.	PUNCT
ajfa-5431	228	1	capital	capital	PROPN
ajfa-5431	228	2	fund	fund	PROPN
ajfa-5431	228	3	to	to	ADP
ajfa-5431	228	4	total	total	ADJ
ajfa-5431	228	5	assets	asset	NOUN
ajfa-5431	228	6	is	be	AUX
ajfa-5431	228	7	the	the	DET
ajfa-5431	228	8	ratio	ratio	NOUN
ajfa-5431	228	9	of	of	ADP
ajfa-5431	228	10	capital	capital	NOUN
ajfa-5431	228	11	fund	fund	NOUN
ajfa-5431	228	12	to	to	ADP
ajfa-5431	228	13	total	total	ADJ
ajfa-5431	228	14	assets	asset	NOUN
ajfa-5431	228	15	.	.	PUNCT
ajfa-5431	229	1	ratio	ratio	NOUN
ajfa-5431	229	2	of	of	ADP
ajfa-5431	229	3	cash	cash	NOUN
ajfa-5431	229	4	flow	flow	NOUN
ajfa-5431	229	5	to	to	ADP
ajfa-5431	229	6	total	total	ADJ
ajfa-5431	229	7	debt	debt	NOUN
ajfa-5431	229	8	means	mean	VERB
ajfa-5431	229	9	the	the	DET
ajfa-5431	229	10	ratio	ratio	NOUN
ajfa-5431	229	11	of	of	ADP
ajfa-5431	229	12	cash	cash	NOUN
ajfa-5431	229	13	flow	flow	NOUN
ajfa-5431	229	14	from	from	ADP
ajfa-5431	229	15	business	business	NOUN
ajfa-5431	229	16	activities	activity	NOUN
ajfa-5431	229	17	to	to	PART
ajfa-5431	229	18	total	total	VERB
ajfa-5431	229	19	debt	debt	NOUN
ajfa-5431	229	20	.	.	PUNCT
ajfa-5431	230	1	directors	director	NOUN
ajfa-5431	230	2	’	'	PUNCT
ajfa-5431	230	3	pledging	pledge	VERB
ajfa-5431	230	4	ratio	ratio	NOUN
ajfa-5431	230	5	is	be	AUX
ajfa-5431	230	6	the	the	DET
ajfa-5431	230	7	ratio	ratio	NOUN
ajfa-5431	230	8	of	of	ADP
ajfa-5431	230	9	pledged	pledge	VERB
ajfa-5431	230	10	shares	share	NOUN
ajfa-5431	230	11	to	to	ADP
ajfa-5431	230	12	total	total	ADJ
ajfa-5431	230	13	shares	share	NOUN
ajfa-5431	230	14	held	hold	VERB
ajfa-5431	230	15	by	by	ADP
ajfa-5431	230	16	directors	director	NOUN
ajfa-5431	230	17	.	.	PUNCT
ajfa-5431	231	1	shareholding	shareholding	NOUN
ajfa-5431	231	2	ratio	ratio	NOUN
ajfa-5431	231	3	by	by	ADP
ajfa-5431	231	4	insiders	insider	NOUN
ajfa-5431	231	5	is	be	AUX
ajfa-5431	231	6	the	the	DET
ajfa-5431	231	7	ratio	ratio	NOUN
ajfa-5431	231	8	of	of	ADP
ajfa-5431	231	9	directors	director	NOUN
ajfa-5431	231	10	’	'	PUNCT
ajfa-5431	231	11	shares	share	NOUN
ajfa-5431	231	12	to	to	ADP
ajfa-5431	231	13	outside	outside	ADJ
ajfa-5431	231	14	shares	share	NOUN
ajfa-5431	231	15	.	.	PUNCT
ajfa-5431	232	1	industry	industry	NOUN
ajfa-5431	232	2	factor	factor	NOUN
ajfa-5431	232	3	used	use	VERB
ajfa-5431	232	4	electronic	electronic	ADJ
ajfa-5431	232	5	industry	industry	NOUN
ajfa-5431	232	6	as	as	ADP
ajfa-5431	232	7	1	1	NUM
ajfa-5431	232	8	and	and	CCONJ
ajfa-5431	232	9	non	non	ADJ
ajfa-5431	232	10	electronics	electronic	NOUN
ajfa-5431	232	11	as	as	ADP
ajfa-5431	232	12	0	0	NUM
ajfa-5431	232	13	.	.	PUNCT
ajfa-5431	232	14	audit	audit	NOUN
ajfa-5431	232	15	system	system	NOUN
ajfa-5431	232	16	used	use	VERB
ajfa-5431	232	17	the	the	DET
ajfa-5431	232	18	standard	standard	NOUN
ajfa-5431	232	19	of	of	ADP
ajfa-5431	232	20	no.33	no.33	PROPN
ajfa-5431	232	21	and	and	CCONJ
ajfa-5431	232	22	the	the	DET
ajfa-5431	232	23	announcement	announcement	NOUN
ajfa-5431	232	24	year	year	NOUN
ajfa-5431	232	25	of	of	ADP
ajfa-5431	232	26	1999	1999	NUM
ajfa-5431	232	27	where	where	SCONJ
ajfa-5431	232	28	after	after	ADP
ajfa-5431	232	29	this	this	DET
ajfa-5431	232	30	announcement	announcement	NOUN
ajfa-5431	232	31	,	,	PUNCT
ajfa-5431	232	32	it	it	PRON
ajfa-5431	232	33	is	be	AUX
ajfa-5431	232	34	1	1	NUM
ajfa-5431	232	35	,	,	PUNCT
ajfa-5431	232	36	and	and	CCONJ
ajfa-5431	232	37	before	before	ADP
ajfa-5431	232	38	this	this	DET
ajfa-5431	232	39	year	year	NOUN
ajfa-5431	232	40	it	it	PRON
ajfa-5431	232	41	is	be	AUX
ajfa-5431	232	42	0	0	NUM
ajfa-5431	232	43	.	.	PUNCT
ajfa-5431	233	1	economic	economic	ADJ
ajfa-5431	233	2	prosperity	prosperity	NOUN
ajfa-5431	233	3	is	be	AUX
ajfa-5431	233	4	determined	determine	VERB
ajfa-5431	233	5	by	by	ADP
ajfa-5431	233	6	council	council	NOUN
ajfa-5431	233	7	for	for	ADP
ajfa-5431	233	8	economic	economic	ADJ
ajfa-5431	233	9	planning	planning	NOUN
ajfa-5431	233	10	and	and	CCONJ
ajfa-5431	233	11	development	development	NOUN
ajfa-5431	233	12	of	of	ADP
ajfa-5431	233	13	0	0	NUM
ajfa-5431	233	14	when	when	SCONJ
ajfa-5431	233	15	above	above	ADP
ajfa-5431	233	16	23	23	NUM
ajfa-5431	233	17	points	point	NOUN
ajfa-5431	233	18	(	(	PUNCT
ajfa-5431	233	19	lowest	low	ADJ
ajfa-5431	233	20	point	point	NOUN
ajfa-5431	233	21	in	in	ADP
ajfa-5431	233	22	green	green	ADJ
ajfa-5431	233	23	light	light	NOUN
ajfa-5431	233	24	)	)	PUNCT
ajfa-5431	233	25	and	and	CCONJ
ajfa-5431	233	26	1	1	NUM
ajfa-5431	233	27	for	for	ADP
ajfa-5431	233	28	below	below	ADP
ajfa-5431	233	29	22	22	NUM
ajfa-5431	233	30	points	point	NOUN
ajfa-5431	233	31	.	.	PUNCT
ajfa-5431	234	1	standard	standard	ADJ
ajfa-5431	234	2	model	model	NOUN
ajfa-5431	234	3	assumes	assume	VERB
ajfa-5431	234	4	that	that	SCONJ
ajfa-5431	234	5	the	the	DET
ajfa-5431	234	6	companies	company	NOUN
ajfa-5431	234	7	will	will	AUX
ajfa-5431	234	8	be	be	AUX
ajfa-5431	234	9	delisted	delist	VERB
ajfa-5431	234	10	at	at	ADP
ajfa-5431	234	11	the	the	DET
ajfa-5431	234	12	end	end	NOUN
ajfa-5431	234	13	,	,	PUNCT
ajfa-5431	234	14	so	so	ADV
ajfa-5431	234	15	the	the	DET
ajfa-5431	234	16	setting	setting	NOUN
ajfa-5431	234	17	of	of	ADP
ajfa-5431	234	18	delist	delist	ADJ
ajfa-5431	234	19	probability	probability	NOUN
ajfa-5431	234	20	is	be	AUX
ajfa-5431	234	21	1	1	NUM
ajfa-5431	234	22	.	.	PUNCT
ajfa-5431	235	1	on	on	ADP
ajfa-5431	235	2	the	the	DET
ajfa-5431	235	3	other	other	ADJ
ajfa-5431	235	4	hand	hand	NOUN
ajfa-5431	235	5	,	,	PUNCT
ajfa-5431	235	6	split	split	ADJ
ajfa-5431	235	7	model	model	NOUN
ajfa-5431	235	8	assumes	assume	VERB
ajfa-5431	235	9	that	that	SCONJ
ajfa-5431	235	10	companies	company	NOUN
ajfa-5431	235	11	will	will	AUX
ajfa-5431	235	12	continue	continue	VERB
ajfa-5431	235	13	operations	operation	NOUN
ajfa-5431	235	14	,	,	PUNCT
ajfa-5431	235	15	so	so	CCONJ
ajfa-5431	235	16	the	the	DET
ajfa-5431	235	17	final	final	ADJ
ajfa-5431	235	18	delist	delist	NOUN
ajfa-5431	235	19	probability	probability	NOUN
ajfa-5431	235	20	is	be	AUX
ajfa-5431	235	21	set	set	VERB
ajfa-5431	235	22	as	as	ADP
ajfa-5431	235	23	smaller	small	ADJ
ajfa-5431	235	24	than	than	ADP
ajfa-5431	235	25	1	1	NUM
ajfa-5431	235	26	.	.	PUNCT
ajfa-5431	236	1	it	it	PRON
ajfa-5431	236	2	is	be	AUX
ajfa-5431	236	3	clear	clear	ADJ
ajfa-5431	236	4	from	from	ADP
ajfa-5431	236	5	table	table	NOUN
ajfa-5431	236	6	4	4	NUM
ajfa-5431	236	7	that	that	SCONJ
ajfa-5431	236	8	the	the	DET
ajfa-5431	236	9	final	final	ADJ
ajfa-5431	236	10	delist	delist	NOUN
ajfa-5431	236	11	estimate	estimate	NOUN
ajfa-5431	236	12	value	value	NOUN
ajfa-5431	236	13	is	be	AUX
ajfa-5431	236	14	0.834	0.834	NUM
ajfa-5431	236	15	,	,	PUNCT
ajfa-5431	236	16	and	and	CCONJ
ajfa-5431	236	17	after	after	ADP
ajfa-5431	236	18	verification	verification	NOUN
ajfa-5431	236	19	,	,	PUNCT
ajfa-5431	236	20	the	the	DET
ajfa-5431	236	21	result	result	NOUN
ajfa-5431	236	22	is	be	AUX
ajfa-5431	236	23	significantly	significantly	ADV
ajfa-5431	236	24	different	different	ADJ
ajfa-5431	236	25	to	to	ADP
ajfa-5431	236	26	1	1	NUM
ajfa-5431	236	27	.	.	PUNCT
ajfa-5431	237	1	therefore	therefore	ADV
ajfa-5431	237	2	it	it	PRON
ajfa-5431	237	3	is	be	AUX
ajfa-5431	237	4	confirmed	confirm	VERB
ajfa-5431	237	5	that	that	SCONJ
ajfa-5431	237	6	standard	standard	ADJ
ajfa-5431	237	7	model	model	NOUN
ajfa-5431	237	8	does	do	AUX
ajfa-5431	237	9	not	not	PART
ajfa-5431	237	10	fit	fit	VERB
ajfa-5431	237	11	the	the	DET
ajfa-5431	237	12	assumption	assumption	NOUN
ajfa-5431	237	13	of	of	ADP
ajfa-5431	237	14	companies	company	NOUN
ajfa-5431	237	15	will	will	AUX
ajfa-5431	237	16	be	be	AUX
ajfa-5431	237	17	delisted	delist	VERB
ajfa-5431	237	18	at	at	ADP
ajfa-5431	237	19	the	the	DET
ajfa-5431	237	20	end	end	NOUN
ajfa-5431	237	21	,	,	PUNCT
ajfa-5431	237	22	furthermore	furthermore	ADV
ajfa-5431	237	23	,	,	PUNCT
ajfa-5431	237	24	the	the	DET
ajfa-5431	237	25	observations	observation	NOUN
ajfa-5431	237	26	of	of	ADP
ajfa-5431	237	27	this	this	DET
ajfa-5431	237	28	study	study	NOUN
ajfa-5431	237	29	can	can	AUX
ajfa-5431	237	30	not	not	PART
ajfa-5431	237	31	be	be	AUX
ajfa-5431	237	32	asian	asian	ADJ
ajfa-5431	237	33	journal	journal	NOUN
ajfa-5431	237	34	of	of	ADP
ajfa-5431	237	35	finance	finance	PROPN
ajfa-5431	237	36	&	&	CCONJ
ajfa-5431	237	37	accounting	accounting	PROPN
ajfa-5431	237	38	issn	issn	PROPN
ajfa-5431	237	39	1946	1946	NUM
ajfa-5431	237	40	-	-	PUNCT
ajfa-5431	237	41	052x	052x	PROPN
ajfa-5431	237	42	2014	2014	NUM
ajfa-5431	237	43	,	,	PUNCT
ajfa-5431	237	44	vol	vol	NOUN
ajfa-5431	237	45	.	.	PROPN
ajfa-5431	237	46	6	6	NUM
ajfa-5431	237	47	,	,	PUNCT
ajfa-5431	237	48	no	no	INTJ
ajfa-5431	237	49	.	.	NOUN
ajfa-5431	237	50	1	1	NUM
ajfa-5431	237	51	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5431	237	52	319	319	NUM
ajfa-5431	237	53	addressed	address	VERB
ajfa-5431	237	54	appropriately	appropriately	ADV
ajfa-5431	237	55	.	.	PUNCT
ajfa-5431	238	1	in	in	ADP
ajfa-5431	238	2	regards	regard	NOUN
ajfa-5431	238	3	to	to	ADP
ajfa-5431	238	4	hazard	hazard	NOUN
ajfa-5431	238	5	function	function	NOUN
ajfa-5431	238	6	of	of	ADP
ajfa-5431	238	7	the	the	DET
ajfa-5431	238	8	two	two	NUM
ajfa-5431	238	9	models	model	NOUN
ajfa-5431	238	10	,	,	PUNCT
ajfa-5431	238	11	it	it	PRON
ajfa-5431	238	12	is	be	AUX
ajfa-5431	238	13	clear	clear	ADJ
ajfa-5431	238	14	that	that	SCONJ
ajfa-5431	238	15	directors	director	NOUN
ajfa-5431	238	16	’	'	PUNCT
ajfa-5431	238	17	pledging	pledge	VERB
ajfa-5431	238	18	ratio	ratio	NOUN
ajfa-5431	238	19	and	and	CCONJ
ajfa-5431	238	20	the	the	DET
ajfa-5431	238	21	ratio	ratio	NOUN
ajfa-5431	238	22	of	of	ADP
ajfa-5431	238	23	director	director	NOUN
ajfa-5431	238	24	’s	’s	PART
ajfa-5431	238	25	ownership	ownership	NOUN
ajfa-5431	238	26	to	to	ADP
ajfa-5431	238	27	hazard	hazard	NOUN
ajfa-5431	238	28	function	function	NOUN
ajfa-5431	238	29	are	be	AUX
ajfa-5431	238	30	both	both	ADV
ajfa-5431	238	31	significant	significant	ADJ
ajfa-5431	238	32	and	and	CCONJ
ajfa-5431	238	33	negatively	negatively	ADV
ajfa-5431	238	34	related	relate	VERB
ajfa-5431	238	35	.	.	PUNCT
ajfa-5431	239	1	in	in	ADP
ajfa-5431	239	2	studies	study	NOUN
ajfa-5431	239	3	on	on	ADP
ajfa-5431	239	4	corporate	corporate	ADJ
ajfa-5431	239	5	governance	governance	NOUN
ajfa-5431	239	6	,	,	PUNCT
ajfa-5431	239	7	directors	director	NOUN
ajfa-5431	239	8	’	'	PUNCT
ajfa-5431	239	9	pledging	pledge	VERB
ajfa-5431	239	10	ratio	ratio	NOUN
ajfa-5431	239	11	and	and	CCONJ
ajfa-5431	239	12	directors	director	NOUN
ajfa-5431	239	13	’	’	PART
ajfa-5431	239	14	ownership	ownership	NOUN
ajfa-5431	239	15	can	can	AUX
ajfa-5431	239	16	both	both	PRON
ajfa-5431	239	17	be	be	AUX
ajfa-5431	239	18	used	use	VERB
ajfa-5431	239	19	to	to	PART
ajfa-5431	239	20	evaluate	evaluate	VERB
ajfa-5431	239	21	company	company	NOUN
ajfa-5431	239	22	equity	equity	NOUN
ajfa-5431	239	23	structure	structure	NOUN
ajfa-5431	239	24	.	.	PUNCT
ajfa-5431	240	1	this	this	PRON
ajfa-5431	240	2	indicates	indicate	VERB
ajfa-5431	240	3	that	that	SCONJ
ajfa-5431	240	4	to	to	ADP
ajfa-5431	240	5	financial	financial	ADJ
ajfa-5431	240	6	report	report	NOUN
ajfa-5431	240	7	users	user	NOUN
ajfa-5431	240	8	,	,	PUNCT
ajfa-5431	240	9	when	when	SCONJ
ajfa-5431	240	10	the	the	DET
ajfa-5431	240	11	company	company	NOUN
ajfa-5431	240	12	’s	’s	PART
ajfa-5431	240	13	financial	financial	ADJ
ajfa-5431	240	14	numbers	number	NOUN
ajfa-5431	240	15	are	be	AUX
ajfa-5431	240	16	generally	generally	ADV
ajfa-5431	240	17	poor	poor	ADJ
ajfa-5431	240	18	,	,	PUNCT
ajfa-5431	240	19	one	one	PRON
ajfa-5431	240	20	must	must	AUX
ajfa-5431	240	21	seek	seek	VERB
ajfa-5431	240	22	other	other	ADJ
ajfa-5431	240	23	appropriate	appropriate	ADJ
ajfa-5431	240	24	non	non	ADJ
ajfa-5431	240	25	financial	financial	ADJ
ajfa-5431	240	26	indicators	indicator	NOUN
ajfa-5431	240	27	to	to	PART
ajfa-5431	240	28	evaluate	evaluate	VERB
ajfa-5431	240	29	whether	whether	SCONJ
ajfa-5431	240	30	the	the	DET
ajfa-5431	240	31	company	company	NOUN
ajfa-5431	240	32	can	can	AUX
ajfa-5431	240	33	break	break	VERB
ajfa-5431	240	34	away	away	ADV
ajfa-5431	240	35	from	from	ADP
ajfa-5431	240	36	operational	operational	ADJ
ajfa-5431	240	37	difficulties	difficulty	NOUN
ajfa-5431	240	38	.	.	PUNCT
ajfa-5431	241	1	in	in	ADP
ajfa-5431	241	2	so	so	ADV
ajfa-5431	241	3	far	far	ADV
ajfa-5431	241	4	as	as	SCONJ
ajfa-5431	241	5	this	this	DET
ajfa-5431	241	6	study	study	NOUN
ajfa-5431	241	7	goes	go	VERB
ajfa-5431	241	8	,	,	PUNCT
ajfa-5431	241	9	when	when	SCONJ
ajfa-5431	241	10	general	general	ADJ
ajfa-5431	241	11	company	company	NOUN
ajfa-5431	241	12	financial	financial	ADJ
ajfa-5431	241	13	indicators	indicator	NOUN
ajfa-5431	241	14	are	be	AUX
ajfa-5431	241	15	not	not	PART
ajfa-5431	241	16	performing	perform	VERB
ajfa-5431	241	17	,	,	PUNCT
ajfa-5431	241	18	the	the	DET
ajfa-5431	241	19	importance	importance	NOUN
ajfa-5431	241	20	of	of	ADP
ajfa-5431	241	21	corporate	corporate	ADJ
ajfa-5431	241	22	governance	governance	NOUN
ajfa-5431	241	23	is	be	AUX
ajfa-5431	241	24	accentuated	accentuate	VERB
ajfa-5431	241	25	.	.	PUNCT
ajfa-5431	242	1	on	on	ADP
ajfa-5431	242	2	the	the	DET
ajfa-5431	242	3	other	other	ADJ
ajfa-5431	242	4	hand	hand	NOUN
ajfa-5431	242	5	,	,	PUNCT
ajfa-5431	242	6	audit	audit	NOUN
ajfa-5431	242	7	system	system	NOUN
ajfa-5431	242	8	does	do	VERB
ajfa-5431	242	9	.	.	PUNCT
ajfa-5431	243	1	the	the	DET
ajfa-5431	243	2	results	result	NOUN
ajfa-5431	243	3	indicate	indicate	VERB
ajfa-5431	243	4	that	that	SCONJ
ajfa-5431	243	5	after	after	ADP
ajfa-5431	243	6	the	the	DET
ajfa-5431	243	7	release	release	NOUN
ajfa-5431	243	8	of	of	ADP
ajfa-5431	243	9	no	no	NOUN
ajfa-5431	243	10	.	.	PROPN
ajfa-5431	243	11	33	33	NUM
ajfa-5431	243	12	bulletin	bulletin	NOUN
ajfa-5431	243	13	,	,	PUNCT
ajfa-5431	243	14	accountants	accountant	NOUN
ajfa-5431	243	15	are	be	AUX
ajfa-5431	243	16	more	more	ADV
ajfa-5431	243	17	graceful	graceful	ADJ
ajfa-5431	243	18	to	to	ADP
ajfa-5431	243	19	the	the	DET
ajfa-5431	243	20	auditee	auditee	NOUN
ajfa-5431	243	21	in	in	ADP
ajfa-5431	243	22	regards	regard	NOUN
ajfa-5431	243	23	to	to	ADP
ajfa-5431	243	24	standards	standard	NOUN
ajfa-5431	243	25	of	of	ADP
ajfa-5431	243	26	identifying	identify	VERB
ajfa-5431	243	27	on	on	ADP
ajfa-5431	243	28	going	go	VERB
ajfa-5431	243	29	concern	concern	NOUN
ajfa-5431	243	30	.	.	PUNCT
ajfa-5431	244	1	companies	company	NOUN
ajfa-5431	244	2	which	which	PRON
ajfa-5431	244	3	have	have	AUX
ajfa-5431	244	4	been	be	AUX
ajfa-5431	244	5	issued	issue	VERB
ajfa-5431	244	6	going	go	VERB
ajfa-5431	244	7	concern	concern	NOUN
ajfa-5431	244	8	suspect	suspect	VERB
ajfa-5431	244	9	after	after	ADP
ajfa-5431	244	10	the	the	DET
ajfa-5431	244	11	release	release	NOUN
ajfa-5431	244	12	of	of	ADP
ajfa-5431	244	13	no	no	NOUN
ajfa-5431	244	14	.	.	NOUN
ajfa-5431	244	15	33	33	NUM
ajfa-5431	244	16	bulletin	bulletin	NOUN
ajfa-5431	244	17	and	and	CCONJ
ajfa-5431	244	18	have	have	AUX
ajfa-5431	244	19	been	be	AUX
ajfa-5431	244	20	delisted	delist	VERB
ajfa-5431	244	21	show	show	NOUN
ajfa-5431	244	22	average	average	ADJ
ajfa-5431	244	23	probability	probability	NOUN
ajfa-5431	244	24	of	of	ADP
ajfa-5431	244	25	company	company	NOUN
ajfa-5431	244	26	failure	failure	NOUN
ajfa-5431	244	27	,	,	PUNCT
ajfa-5431	244	28	which	which	PRON
ajfa-5431	244	29	is	be	AUX
ajfa-5431	244	30	lower	low	ADJ
ajfa-5431	244	31	than	than	ADP
ajfa-5431	244	32	companies	company	NOUN
ajfa-5431	244	33	which	which	PRON
ajfa-5431	244	34	have	have	AUX
ajfa-5431	244	35	been	be	AUX
ajfa-5431	244	36	issued	issue	VERB
ajfa-5431	244	37	going	go	VERB
ajfa-5431	244	38	concern	concern	NOUN
ajfa-5431	244	39	suspect	suspect	VERB
ajfa-5431	244	40	before	before	ADP
ajfa-5431	244	41	the	the	DET
ajfa-5431	244	42	release	release	NOUN
ajfa-5431	244	43	of	of	ADP
ajfa-5431	244	44	no.33	no.33	PROPN
ajfa-5431	244	45	bulletin	bulletin	NOUN
ajfa-5431	244	46	.	.	PUNCT
ajfa-5431	245	1	the	the	DET
ajfa-5431	245	2	ages	age	NOUN
ajfa-5431	245	3	affect	affect	VERB
ajfa-5431	245	4	hazard	hazard	NOUN
ajfa-5431	245	5	function	function	NOUN
ajfa-5431	245	6	in	in	ADP
ajfa-5431	245	7	a	a	DET
ajfa-5431	245	8	significant	significant	ADJ
ajfa-5431	245	9	and	and	CCONJ
ajfa-5431	245	10	negative	negative	ADJ
ajfa-5431	245	11	relation	relation	NOUN
ajfa-5431	245	12	.	.	PUNCT
ajfa-5431	246	1	at	at	ADP
ajfa-5431	246	2	the	the	DET
ajfa-5431	246	3	same	same	ADJ
ajfa-5431	246	4	time	time	NOUN
ajfa-5431	246	5	,	,	PUNCT
ajfa-5431	246	6	it	it	PRON
ajfa-5431	246	7	is	be	AUX
ajfa-5431	246	8	easier	easy	ADJ
ajfa-5431	246	9	to	to	PART
ajfa-5431	246	10	raise	raise	VERB
ajfa-5431	246	11	capital	capital	NOUN
ajfa-5431	246	12	in	in	ADP
ajfa-5431	246	13	the	the	DET
ajfa-5431	246	14	market	market	NOUN
ajfa-5431	246	15	and	and	CCONJ
ajfa-5431	246	16	lesser	less	ADJ
ajfa-5431	246	17	chance	chance	NOUN
ajfa-5431	246	18	of	of	ADP
ajfa-5431	246	19	being	be	AUX
ajfa-5431	246	20	delisted	delist	VERB
ajfa-5431	246	21	even	even	ADV
ajfa-5431	246	22	after	after	SCONJ
ajfa-5431	246	23	the	the	DET
ajfa-5431	246	24	issuance	issuance	NOUN
ajfa-5431	246	25	of	of	ADP
ajfa-5431	246	26	going	go	VERB
ajfa-5431	246	27	concern	concern	NOUN
ajfa-5431	246	28	suspect	suspect	VERB
ajfa-5431	246	29	.	.	PUNCT
ajfa-5431	247	1	generally	generally	ADV
ajfa-5431	247	2	speaking	speak	VERB
ajfa-5431	247	3	,	,	PUNCT
ajfa-5431	247	4	larger	large	ADJ
ajfa-5431	247	5	companies	company	NOUN
ajfa-5431	247	6	have	have	VERB
ajfa-5431	247	7	more	more	ADJ
ajfa-5431	247	8	resources	resource	NOUN
ajfa-5431	247	9	and	and	CCONJ
ajfa-5431	247	10	can	can	AUX
ajfa-5431	247	11	survive	survive	VERB
ajfa-5431	247	12	through	through	ADP
ajfa-5431	247	13	the	the	DET
ajfa-5431	247	14	crisis	crisis	NOUN
ajfa-5431	247	15	when	when	SCONJ
ajfa-5431	247	16	there	there	PRON
ajfa-5431	247	17	are	be	VERB
ajfa-5431	247	18	going	go	VERB
ajfa-5431	247	19	concerns	concern	NOUN
ajfa-5431	247	20	.	.	PUNCT
ajfa-5431	248	1	however	however	ADV
ajfa-5431	248	2	,	,	PUNCT
ajfa-5431	248	3	company	company	NOUN
ajfa-5431	248	4	size	size	NOUN
ajfa-5431	248	5	does	do	AUX
ajfa-5431	248	6	not	not	PART
ajfa-5431	248	7	affect	affect	VERB
ajfa-5431	248	8	significantly	significantly	ADV
ajfa-5431	248	9	hazard	hazard	NOUN
ajfa-5431	248	10	function	function	NOUN
ajfa-5431	248	11	,	,	PUNCT
ajfa-5431	248	12	this	this	PRON
ajfa-5431	248	13	means	mean	VERB
ajfa-5431	248	14	not	not	PART
ajfa-5431	248	15	only	only	ADV
ajfa-5431	248	16	small	small	ADJ
ajfa-5431	248	17	size	size	NOUN
ajfa-5431	248	18	companied	companie	VERB
ajfa-5431	248	19	can	can	AUX
ajfa-5431	248	20	be	be	AUX
ajfa-5431	248	21	delisted	delist	VERB
ajfa-5431	248	22	after	after	ADP
ajfa-5431	248	23	the	the	DET
ajfa-5431	248	24	issuance	issuance	NOUN
ajfa-5431	248	25	of	of	ADP
ajfa-5431	248	26	going	go	VERB
ajfa-5431	248	27	concern	concern	NOUN
ajfa-5431	248	28	and	and	CCONJ
ajfa-5431	248	29	that	that	SCONJ
ajfa-5431	248	30	the	the	DET
ajfa-5431	248	31	chances	chance	NOUN
ajfa-5431	248	32	for	for	ADP
ajfa-5431	248	33	bigger	big	ADJ
ajfa-5431	248	34	size	size	NOUN
ajfa-5431	248	35	companies	company	NOUN
ajfa-5431	248	36	to	to	PART
ajfa-5431	248	37	survive	survive	VERB
ajfa-5431	248	38	through	through	ADP
ajfa-5431	248	39	the	the	DET
ajfa-5431	248	40	crisis	crisis	NOUN
ajfa-5431	248	41	is	be	AUX
ajfa-5431	248	42	not	not	PART
ajfa-5431	248	43	lower	low	ADJ
ajfa-5431	248	44	than	than	ADP
ajfa-5431	248	45	smaller	small	ADJ
ajfa-5431	248	46	size	size	NOUN
ajfa-5431	248	47	companies	company	NOUN
ajfa-5431	248	48	.	.	PUNCT
ajfa-5431	249	1	liquidity	liquidity	NOUN
ajfa-5431	249	2	ratio	ratio	NOUN
ajfa-5431	249	3	and	and	CCONJ
ajfa-5431	249	4	ratio	ratio	NOUN
ajfa-5431	249	5	of	of	ADP
ajfa-5431	249	6	operation	operation	NOUN
ajfa-5431	249	7	capital	capital	NOUN
ajfa-5431	249	8	to	to	ADP
ajfa-5431	249	9	total	total	ADJ
ajfa-5431	249	10	assets	asset	NOUN
ajfa-5431	249	11	do	do	AUX
ajfa-5431	249	12	not	not	PART
ajfa-5431	249	13	have	have	VERB
ajfa-5431	249	14	significant	significant	ADJ
ajfa-5431	249	15	effect	effect	NOUN
ajfa-5431	249	16	on	on	ADP
ajfa-5431	249	17	delist	delist	ADJ
ajfa-5431	249	18	hazard	hazard	NOUN
ajfa-5431	249	19	.	.	PUNCT
ajfa-5431	250	1	leverage	leverage	NOUN
ajfa-5431	250	2	ratio	ratio	NOUN
ajfa-5431	250	3	and	and	CCONJ
ajfa-5431	250	4	ratio	ratio	NOUN
ajfa-5431	250	5	of	of	ADP
ajfa-5431	250	6	cash	cash	NOUN
ajfa-5431	250	7	flow	flow	NOUN
ajfa-5431	250	8	to	to	AUX
ajfa-5431	250	9	total	total	ADJ
ajfa-5431	250	10	debt	debt	NOUN
ajfa-5431	250	11	coefficients	coefficient	NOUN
ajfa-5431	250	12	are	be	AUX
ajfa-5431	250	13	not	not	PART
ajfa-5431	250	14	significant	significant	ADJ
ajfa-5431	250	15	as	as	ADV
ajfa-5431	250	16	well	well	ADV
ajfa-5431	250	17	.	.	PUNCT
ajfa-5431	251	1	this	this	PRON
ajfa-5431	251	2	may	may	AUX
ajfa-5431	251	3	due	due	ADP
ajfa-5431	251	4	to	to	ADP
ajfa-5431	251	5	insufficient	insufficient	ADJ
ajfa-5431	251	6	liquidity	liquidity	NOUN
ajfa-5431	251	7	and	and	CCONJ
ajfa-5431	251	8	unsound	unsound	ADJ
ajfa-5431	251	9	financial	financial	ADJ
ajfa-5431	251	10	structure	structure	NOUN
ajfa-5431	251	11	that	that	PRON
ajfa-5431	251	12	are	be	AUX
ajfa-5431	251	13	a	a	DET
ajfa-5431	251	14	common	common	ADJ
ajfa-5431	251	15	issue	issue	NOUN
ajfa-5431	251	16	in	in	ADP
ajfa-5431	251	17	these	these	DET
ajfa-5431	251	18	companies	company	NOUN
ajfa-5431	251	19	with	with	ADP
ajfa-5431	251	20	going	go	VERB
ajfa-5431	251	21	concern	concern	NOUN
ajfa-5431	251	22	suspect	suspect	VERB
ajfa-5431	251	23	.	.	PUNCT
ajfa-5431	252	1	the	the	DET
ajfa-5431	252	2	coefficient	coefficient	NOUN
ajfa-5431	252	3	of	of	ADP
ajfa-5431	252	4	market	market	NOUN
ajfa-5431	252	5	value	value	NOUN
ajfa-5431	252	6	to	to	PART
ajfa-5431	252	7	total	total	VERB
ajfa-5431	252	8	debt	debt	NOUN
ajfa-5431	252	9	ratio	ratio	NOUN
ajfa-5431	252	10	is	be	AUX
ajfa-5431	252	11	significant	significant	ADJ
ajfa-5431	252	12	and	and	CCONJ
ajfa-5431	252	13	is	be	AUX
ajfa-5431	252	14	relatively	relatively	ADV
ajfa-5431	252	15	negative	negative	ADJ
ajfa-5431	252	16	.	.	PUNCT
ajfa-5431	253	1	this	this	PRON
ajfa-5431	253	2	will	will	AUX
ajfa-5431	253	3	explain	explain	VERB
ajfa-5431	253	4	the	the	DET
ajfa-5431	253	5	fact	fact	NOUN
ajfa-5431	253	6	that	that	SCONJ
ajfa-5431	253	7	after	after	SCONJ
ajfa-5431	253	8	the	the	DET
ajfa-5431	253	9	market	market	NOUN
ajfa-5431	253	10	publicized	publicize	VERB
ajfa-5431	253	11	the	the	DET
ajfa-5431	253	12	going	go	VERB
ajfa-5431	253	13	concern	concern	NOUN
ajfa-5431	253	14	reports	report	VERB
ajfa-5431	253	15	on	on	ADP
ajfa-5431	253	16	these	these	DET
ajfa-5431	253	17	companies	company	NOUN
ajfa-5431	253	18	,	,	PUNCT
ajfa-5431	253	19	share	share	NOUN
ajfa-5431	253	20	prices	price	NOUN
ajfa-5431	253	21	will	will	AUX
ajfa-5431	253	22	fall	fall	VERB
ajfa-5431	253	23	and	and	CCONJ
ajfa-5431	253	24	company	company	NOUN
ajfa-5431	253	25	value	value	NOUN
ajfa-5431	253	26	will	will	AUX
ajfa-5431	253	27	diminish	diminish	VERB
ajfa-5431	253	28	daily	daily	ADV
ajfa-5431	253	29	,	,	PUNCT
ajfa-5431	253	30	making	make	VERB
ajfa-5431	253	31	it	it	PRON
ajfa-5431	253	32	even	even	ADV
ajfa-5431	253	33	harder	hard	ADV
ajfa-5431	253	34	to	to	PART
ajfa-5431	253	35	shoulder	shoulder	VERB
ajfa-5431	253	36	its	its	PRON
ajfa-5431	253	37	debt	debt	NOUN
ajfa-5431	253	38	,	,	PUNCT
ajfa-5431	253	39	in	in	ADP
ajfa-5431	253	40	turn	turn	NOUN
ajfa-5431	253	41	,	,	PUNCT
ajfa-5431	253	42	the	the	DET
ajfa-5431	253	43	possibility	possibility	NOUN
ajfa-5431	253	44	to	to	PART
ajfa-5431	253	45	be	be	AUX
ajfa-5431	253	46	delisted	delist	VERB
ajfa-5431	253	47	will	will	AUX
ajfa-5431	253	48	rise	rise	VERB
ajfa-5431	253	49	.	.	PUNCT
ajfa-5431	254	1	ratio	ratio	NOUN
ajfa-5431	254	2	of	of	ADP
ajfa-5431	254	3	retained	retain	VERB
ajfa-5431	254	4	earnings	earning	NOUN
ajfa-5431	254	5	to	to	ADP
ajfa-5431	254	6	total	total	ADJ
ajfa-5431	254	7	assets	asset	NOUN
ajfa-5431	254	8	had	have	VERB
ajfa-5431	254	9	significant	significant	ADJ
ajfa-5431	254	10	effect	effect	NOUN
ajfa-5431	254	11	on	on	ADP
ajfa-5431	254	12	hazard	hazard	NOUN
ajfa-5431	254	13	function	function	NOUN
ajfa-5431	254	14	and	and	CCONJ
ajfa-5431	254	15	is	be	AUX
ajfa-5431	254	16	negatively	negatively	ADV
ajfa-5431	254	17	related	relate	VERB
ajfa-5431	254	18	,	,	PUNCT
ajfa-5431	254	19	this	this	PRON
ajfa-5431	254	20	means	mean	VERB
ajfa-5431	254	21	if	if	SCONJ
ajfa-5431	254	22	the	the	DET
ajfa-5431	254	23	company	company	NOUN
ajfa-5431	254	24	improves	improve	VERB
ajfa-5431	254	25	operational	operational	ADJ
ajfa-5431	254	26	performances	performance	NOUN
ajfa-5431	254	27	,	,	PUNCT
ajfa-5431	254	28	earnings	earning	NOUN
ajfa-5431	254	29	can	can	AUX
ajfa-5431	254	30	be	be	AUX
ajfa-5431	254	31	accumulated	accumulate	VERB
ajfa-5431	254	32	thus	thus	ADV
ajfa-5431	254	33	reducing	reduce	VERB
ajfa-5431	254	34	the	the	DET
ajfa-5431	254	35	possibility	possibility	NOUN
ajfa-5431	254	36	of	of	ADP
ajfa-5431	254	37	being	be	AUX
ajfa-5431	254	38	delisted	delist	VERB
ajfa-5431	254	39	.	.	PUNCT
ajfa-5431	255	1	furthermore	furthermore	ADV
ajfa-5431	255	2	,	,	PUNCT
ajfa-5431	255	3	industry	industry	NOUN
ajfa-5431	255	4	factor	factor	NOUN
ajfa-5431	255	5	and	and	CCONJ
ajfa-5431	255	6	economic	economic	ADJ
ajfa-5431	255	7	prosperity	prosperity	NOUN
ajfa-5431	255	8	can	can	AUX
ajfa-5431	255	9	not	not	PART
ajfa-5431	255	10	be	be	AUX
ajfa-5431	255	11	confirmed	confirm	VERB
ajfa-5431	255	12	to	to	PART
ajfa-5431	255	13	have	have	VERB
ajfa-5431	255	14	significant	significant	ADJ
ajfa-5431	255	15	effect	effect	NOUN
ajfa-5431	255	16	on	on	ADP
ajfa-5431	255	17	delist	delist	ADJ
ajfa-5431	255	18	probabilities	probability	NOUN
ajfa-5431	255	19	.	.	PUNCT
ajfa-5431	256	1	7	7	X
ajfa-5431	256	2	.	.	X
ajfa-5431	256	3	conclusion	conclusion	NOUN
ajfa-5431	256	4	this	this	DET
ajfa-5431	256	5	study	study	NOUN
ajfa-5431	256	6	observes	observe	VERB
ajfa-5431	256	7	listed	list	VERB
ajfa-5431	256	8	companies	company	NOUN
ajfa-5431	256	9	that	that	PRON
ajfa-5431	256	10	have	have	AUX
ajfa-5431	256	11	been	be	AUX
ajfa-5431	256	12	issued	issue	VERB
ajfa-5431	256	13	going	go	VERB
ajfa-5431	256	14	concern	concern	NOUN
ajfa-5431	256	15	suspect	suspect	VERB
ajfa-5431	256	16	reports	report	NOUN
ajfa-5431	256	17	to	to	PART
ajfa-5431	256	18	investigate	investigate	VERB
ajfa-5431	256	19	the	the	DET
ajfa-5431	256	20	process	process	NOUN
ajfa-5431	256	21	from	from	ADP
ajfa-5431	256	22	first	first	ADJ
ajfa-5431	256	23	issuance	issuance	NOUN
ajfa-5431	256	24	to	to	ADP
ajfa-5431	256	25	final	final	ADJ
ajfa-5431	256	26	delist	delist	NOUN
ajfa-5431	256	27	stage	stage	NOUN
ajfa-5431	256	28	.	.	PUNCT
ajfa-5431	257	1	when	when	SCONJ
ajfa-5431	257	2	split	split	NOUN
ajfa-5431	257	3	-	-	PUNCT
ajfa-5431	257	4	population	population	NOUN
ajfa-5431	257	5	duration	duration	NOUN
ajfa-5431	257	6	model	model	NOUN
ajfa-5431	257	7	is	be	AUX
ajfa-5431	257	8	used	use	VERB
ajfa-5431	257	9	to	to	PART
ajfa-5431	257	10	evaluate	evaluate	VERB
ajfa-5431	257	11	average	average	ADJ
ajfa-5431	257	12	probability	probability	NOUN
ajfa-5431	257	13	of	of	ADP
ajfa-5431	257	14	observations	observation	NOUN
ajfa-5431	257	15	delist	delist	NOUN
ajfa-5431	257	16	,	,	PUNCT
ajfa-5431	257	17	the	the	DET
ajfa-5431	257	18	result	result	NOUN
ajfa-5431	257	19	is	be	AUX
ajfa-5431	257	20	83.4	83.4	NUM
ajfa-5431	257	21	%	%	NOUN
ajfa-5431	257	22	.	.	PUNCT
ajfa-5431	258	1	when	when	SCONJ
ajfa-5431	258	2	the	the	DET
ajfa-5431	258	3	company	company	NOUN
ajfa-5431	258	4	was	be	AUX
ajfa-5431	258	5	firstly	firstly	ADV
ajfa-5431	258	6	issued	issue	VERB
ajfa-5431	258	7	with	with	ADP
ajfa-5431	258	8	going	go	VERB
ajfa-5431	258	9	concern	concern	NOUN
ajfa-5431	258	10	report	report	NOUN
ajfa-5431	258	11	,	,	PUNCT
ajfa-5431	258	12	in	in	ADP
ajfa-5431	258	13	the	the	DET
ajfa-5431	258	14	19th	19th	ADJ
ajfa-5431	258	15	quarter	quarter	NOUN
ajfa-5431	258	16	,	,	PUNCT
ajfa-5431	258	17	the	the	DET
ajfa-5431	258	18	company	company	NOUN
ajfa-5431	258	19	is	be	AUX
ajfa-5431	258	20	exposed	expose	VERB
ajfa-5431	258	21	to	to	ADP
ajfa-5431	258	22	greatest	great	ADJ
ajfa-5431	258	23	risk	risk	NOUN
ajfa-5431	258	24	of	of	ADP
ajfa-5431	258	25	delist	delist	NOUN
ajfa-5431	258	26	.	.	PUNCT
ajfa-5431	259	1	thus	thus	ADV
ajfa-5431	259	2	after	after	ADP
ajfa-5431	259	3	first	first	ADJ
ajfa-5431	259	4	issuance	issuance	NOUN
ajfa-5431	259	5	of	of	ADP
ajfa-5431	259	6	going	go	VERB
ajfa-5431	259	7	concern	concern	NOUN
ajfa-5431	259	8	suspect	suspect	ADJ
ajfa-5431	259	9	report	report	NOUN
ajfa-5431	259	10	,	,	PUNCT
ajfa-5431	259	11	delist	delist	ADJ
ajfa-5431	259	12	risk	risk	NOUN
ajfa-5431	259	13	of	of	ADP
ajfa-5431	259	14	companies	company	NOUN
ajfa-5431	259	15	is	be	AUX
ajfa-5431	259	16	highest	high	ADJ
ajfa-5431	259	17	within	within	ADP
ajfa-5431	259	18	the	the	DET
ajfa-5431	259	19	first	first	ADJ
ajfa-5431	259	20	5	5	NUM
ajfa-5431	259	21	years	year	NOUN
ajfa-5431	259	22	,	,	PUNCT
ajfa-5431	259	23	reaching	reach	VERB
ajfa-5431	259	24	to	to	ADP
ajfa-5431	259	25	as	as	ADV
ajfa-5431	259	26	high	high	ADJ
ajfa-5431	259	27	asian	asian	ADJ
ajfa-5431	259	28	journal	journal	NOUN
ajfa-5431	259	29	of	of	ADP
ajfa-5431	259	30	finance	finance	PROPN
ajfa-5431	259	31	&	&	CCONJ
ajfa-5431	259	32	accounting	accounting	PROPN
ajfa-5431	259	33	issn	issn	PROPN
ajfa-5431	259	34	1946	1946	NUM
ajfa-5431	259	35	-	-	PUNCT
ajfa-5431	259	36	052x	052x	PROPN
ajfa-5431	259	37	2014	2014	NUM
ajfa-5431	259	38	,	,	PUNCT
ajfa-5431	259	39	vol	vol	NOUN
ajfa-5431	259	40	.	.	PROPN
ajfa-5431	260	1	6	6	NUM
ajfa-5431	260	2	,	,	PUNCT
ajfa-5431	260	3	no	no	INTJ
ajfa-5431	260	4	.	.	NOUN
ajfa-5431	260	5	1	1	NUM
ajfa-5431	260	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-5431	260	7	320	320	NUM
ajfa-5431	260	8	as	as	ADP
ajfa-5431	260	9	7	7	NUM
ajfa-5431	260	10	%	%	NOUN
ajfa-5431	260	11	in	in	ADP
ajfa-5431	260	12	the	the	DET
ajfa-5431	260	13	fifth	fifth	ADJ
ajfa-5431	260	14	year	year	NOUN
ajfa-5431	260	15	.	.	PUNCT
ajfa-5431	261	1	in	in	ADP
ajfa-5431	261	2	regards	regard	NOUN
ajfa-5431	261	3	to	to	ADP
ajfa-5431	261	4	the	the	DET
ajfa-5431	261	5	factors	factor	NOUN
ajfa-5431	261	6	that	that	PRON
ajfa-5431	261	7	affects	affect	VERB
ajfa-5431	261	8	delist	delist	NOUN
ajfa-5431	261	9	,	,	PUNCT
ajfa-5431	261	10	besides	besides	SCONJ
ajfa-5431	261	11	“	"	PUNCT
ajfa-5431	261	12	the	the	DET
ajfa-5431	261	13	ratio	ratio	NOUN
ajfa-5431	261	14	of	of	ADP
ajfa-5431	261	15	market	market	NOUN
ajfa-5431	261	16	value	value	NOUN
ajfa-5431	261	17	to	to	PART
ajfa-5431	261	18	total	total	ADJ
ajfa-5431	261	19	debt	debt	NOUN
ajfa-5431	261	20	”	"	PUNCT
ajfa-5431	261	21	and	and	CCONJ
ajfa-5431	261	22	“	"	PUNCT
ajfa-5431	261	23	the	the	DET
ajfa-5431	261	24	ratio	ratio	NOUN
ajfa-5431	261	25	of	of	ADP
ajfa-5431	261	26	retained	retain	VERB
ajfa-5431	261	27	earnings	earning	NOUN
ajfa-5431	261	28	to	to	ADP
ajfa-5431	261	29	total	total	ADJ
ajfa-5431	261	30	assets	asset	NOUN
ajfa-5431	261	31	”	"	PUNCT
ajfa-5431	261	32	,	,	PUNCT
ajfa-5431	261	33	most	most	ADJ
ajfa-5431	261	34	other	other	ADJ
ajfa-5431	261	35	variables	variable	NOUN
ajfa-5431	261	36	of	of	ADP
ajfa-5431	261	37	financial	financial	ADJ
ajfa-5431	261	38	and	and	CCONJ
ajfa-5431	261	39	operation	operation	NOUN
ajfa-5431	261	40	phases	phase	NOUN
ajfa-5431	261	41	did	do	AUX
ajfa-5431	261	42	not	not	PART
ajfa-5431	261	43	have	have	VERB
ajfa-5431	261	44	significant	significant	ADJ
ajfa-5431	261	45	effects	effect	NOUN
ajfa-5431	261	46	.	.	PUNCT
ajfa-5431	262	1	there	there	PRON
ajfa-5431	262	2	is	be	VERB
ajfa-5431	262	3	,	,	PUNCT
ajfa-5431	262	4	however	however	ADV
ajfa-5431	262	5	,	,	PUNCT
ajfa-5431	262	6	significant	significant	ADJ
ajfa-5431	262	7	effect	effect	NOUN
ajfa-5431	262	8	on	on	ADP
ajfa-5431	262	9	corporate	corporate	ADJ
ajfa-5431	262	10	governance	governance	NOUN
ajfa-5431	262	11	and	and	CCONJ
ajfa-5431	262	12	audit	audit	NOUN
ajfa-5431	262	13	system	system	NOUN
ajfa-5431	262	14	to	to	ADP
ajfa-5431	262	15	delist	delist	ADJ
ajfa-5431	262	16	risk	risk	NOUN
ajfa-5431	262	17	.	.	PUNCT
ajfa-5431	263	1	this	this	DET
ajfa-5431	263	2	result	result	NOUN
ajfa-5431	263	3	indicate	indicate	VERB
ajfa-5431	263	4	that	that	SCONJ
ajfa-5431	263	5	,	,	PUNCT
ajfa-5431	263	6	one	one	PRON
ajfa-5431	263	7	must	must	AUX
ajfa-5431	263	8	consider	consider	VERB
ajfa-5431	263	9	both	both	CCONJ
ajfa-5431	263	10	financial	financial	ADJ
ajfa-5431	263	11	and	and	CCONJ
ajfa-5431	263	12	non	non	ADJ
ajfa-5431	263	13	-	-	ADJ
ajfa-5431	263	14	financial	financial	ADJ
ajfa-5431	263	15	indicators	indicator	NOUN
ajfa-5431	263	16	to	to	PART
ajfa-5431	263	17	make	make	VERB
ajfa-5431	263	18	decision	decision	NOUN
ajfa-5431	263	19	on	on	ADP
ajfa-5431	263	20	whether	whether	SCONJ
ajfa-5431	263	21	the	the	DET
ajfa-5431	263	22	company	company	NOUN
ajfa-5431	263	23	will	will	AUX
ajfa-5431	263	24	survive	survive	VERB
ajfa-5431	263	25	after	after	ADP
ajfa-5431	263	26	going	go	VERB
ajfa-5431	263	27	concern	concern	NOUN
ajfa-5431	263	28	has	have	AUX
ajfa-5431	263	29	been	be	AUX
ajfa-5431	263	30	issued	issue	VERB
ajfa-5431	263	31	.	.	PUNCT
ajfa-5431	264	1	references	reference	NOUN
ajfa-5431	264	2	altman	altman	PROPN
ajfa-5431	264	3	,	,	PUNCT
ajfa-5431	264	4	e.	e.	PROPN
ajfa-5431	264	5	(	(	PUNCT
ajfa-5431	264	6	1968	1968	NUM
ajfa-5431	264	7	)	)	PUNCT
ajfa-5431	264	8	.	.	PUNCT
ajfa-5431	265	1	financial	financial	ADJ
ajfa-5431	265	2	ratio	ratio	NOUN
ajfa-5431	265	3	,	,	PUNCT
ajfa-5431	265	4	discriminate	discriminate	VERB
ajfa-5431	265	5	analysis	analysis	NOUN
ajfa-5431	265	6	and	and	CCONJ
ajfa-5431	265	7	the	the	DET
ajfa-5431	265	8	prediction	prediction	NOUN
ajfa-5431	265	9	of	of	ADP
ajfa-5431	265	10	corporate	corporate	ADJ
ajfa-5431	265	11	bankruptcy	bankruptcy	NOUN
ajfa-5431	265	12	.	.	PUNCT
ajfa-5431	266	1	journal	journal	PROPN
ajfa-5431	266	2	of	of	ADP
ajfa-5431	266	3	finance	finance	NOUN
ajfa-5431	266	4	,	,	PUNCT
ajfa-5431	266	5	6(1	6(1	NUM
ajfa-5431	266	6	)	)	PUNCT
ajfa-5431	266	7	,	,	PUNCT
ajfa-5431	266	8	4	4	NUM
ajfa-5431	266	9	-	-	SYM
ajfa-5431	266	10	19	19	NUM
ajfa-5431	266	11	.	.	PUNCT
ajfa-5431	267	1	altman	altman	PROPN
ajfa-5431	267	2	,	,	PUNCT
ajfa-5431	267	3	e.	e.	PROPN
ajfa-5431	267	4	(	(	PUNCT
ajfa-5431	267	5	1982	1982	NUM
ajfa-5431	267	6	)	)	PUNCT
ajfa-5431	267	7	.	.	PUNCT
ajfa-5431	268	1	accounting	accounting	NOUN
ajfa-5431	268	2	implications	implication	NOUN
ajfa-5431	268	3	of	of	ADP
ajfa-5431	268	4	failure	failure	NOUN
ajfa-5431	268	5	prediction	prediction	NOUN
ajfa-5431	268	6	models	model	NOUN
ajfa-5431	268	7	.	.	PUNCT
ajfa-5431	269	1	journal	journal	NOUN
ajfa-5431	269	2	of	of	ADP
ajfa-5431	269	3	accounting	accounting	NOUN
ajfa-5431	269	4	,	,	PUNCT
ajfa-5431	269	5	auditing	auditing	NOUN
ajfa-5431	269	6	and	and	CCONJ
ajfa-5431	269	7	finance	finance	NOUN
ajfa-5431	269	8	,	,	PUNCT
ajfa-5431	269	9	4	4	NUM
ajfa-5431	269	10	-	-	SYM
ajfa-5431	269	11	19	19	NUM
ajfa-5431	269	12	.	.	PUNCT
ajfa-5431	270	1	bandopadhyaya	bandopadhyaya	NOUN
ajfa-5431	270	2	,	,	PUNCT
ajfa-5431	270	3	a.	a.	PROPN
ajfa-5431	270	4	,	,	PUNCT
ajfa-5431	270	5	&	&	CCONJ
ajfa-5431	270	6	s.	s.	PROPN
ajfa-5431	270	7	jaggia	jaggia	PROPN
ajfa-5431	270	8	(	(	PUNCT
ajfa-5431	270	9	2001	2001	NUM
ajfa-5431	270	10	)	)	PUNCT
ajfa-5431	270	11	.	.	PUNCT
ajfa-5431	271	1	an	an	DET
ajfa-5431	271	2	analysis	analysis	NOUN
ajfa-5431	271	3	of	of	ADP
ajfa-5431	271	4	second	second	ADJ
ajfa-5431	271	5	time	time	NOUN
ajfa-5431	271	6	around	around	ADP
ajfa-5431	271	7	bankruptcies	bankruptcy	NOUN
ajfa-5431	271	8	using	use	VERB
ajfa-5431	271	9	a	a	DET
ajfa-5431	271	10	split	split	ADJ
ajfa-5431	271	11	-	-	PUNCT
ajfa-5431	271	12	population	population	NOUN
ajfa-5431	271	13	duration	duration	NOUN
ajfa-5431	271	14	model	model	NOUN
ajfa-5431	271	15	.	.	PUNCT
ajfa-5431	272	1	journal	journal	PROPN
ajfa-5431	272	2	of	of	ADP
ajfa-5431	272	3	empirical	empirical	ADJ
ajfa-5431	272	4	finance	finance	NOUN
ajfa-5431	272	5	,	,	PUNCT
ajfa-5431	272	6	8	8	NUM
ajfa-5431	272	7	,	,	PUNCT
ajfa-5431	272	8	201	201	NUM
ajfa-5431	272	9	-	-	SYM
ajfa-5431	272	10	218	218	NUM
ajfa-5431	272	11	.	.	PUNCT
ajfa-5431	273	1	http://dx.doi.org/10.1016/s0927-5398(01)00023-8	http://dx.doi.org/10.1016/s0927-5398(01)00023-8	NOUN
ajfa-5431	273	2	barnes	barne	NOUN
ajfa-5431	273	3	,	,	PUNCT
ajfa-5431	273	4	p.	p.	PROPN
ajfa-5431	273	5	,	,	PUNCT
ajfa-5431	273	6	&	&	CCONJ
ajfa-5431	273	7	d.	d.	PROPN
ajfa-5431	273	8	hooi	hooi	PROPN
ajfa-5431	273	9	.	.	PUNCT
ajfa-5431	274	1	(	(	PUNCT
ajfa-5431	274	2	1987	1987	NUM
ajfa-5431	274	3	)	)	PUNCT
ajfa-5431	274	4	.	.	PUNCT
ajfa-5431	275	1	the	the	DET
ajfa-5431	275	2	stranger	strange	ADJ
ajfa-5431	275	3	case	case	NOUN
ajfa-5431	275	4	of	of	ADP
ajfa-5431	275	5	the	the	DET
ajfa-5431	275	6	qualified	qualified	ADJ
ajfa-5431	275	7	success	success	NOUN
ajfa-5431	275	8	.	.	PUNCT
ajfa-5431	276	1	accountancy	accountancy	NOUN
ajfa-5431	276	2	,	,	PUNCT
ajfa-5431	276	3	32	32	NUM
ajfa-5431	276	4	-	-	SYM
ajfa-5431	276	5	33	33	NUM
ajfa-5431	276	6	.	.	PUNCT
ajfa-5431	277	1	beaver	beaver	PROPN
ajfa-5431	277	2	,	,	PUNCT
ajfa-5431	277	3	w.	w.	PROPN
ajfa-5431	277	4	(	(	PUNCT
ajfa-5431	277	5	1966	1966	NUM
ajfa-5431	277	6	)	)	PUNCT
ajfa-5431	277	7	.	.	PUNCT
ajfa-5431	278	1	financial	financial	ADJ
ajfa-5431	278	2	ratios	ratio	NOUN
ajfa-5431	278	3	as	as	ADP
ajfa-5431	278	4	predictors	predictor	NOUN
ajfa-5431	278	5	of	of	ADP
ajfa-5431	278	6	failure	failure	NOUN
ajfa-5431	278	7	.	.	PUNCT
ajfa-5431	279	1	journal	journal	NOUN
ajfa-5431	279	2	of	of	ADP
ajfa-5431	279	3	accounting	accounting	NOUN
ajfa-5431	279	4	research	research	NOUN
ajfa-5431	279	5	,	,	PUNCT
ajfa-5431	279	6	4	4	NUM
ajfa-5431	279	7	,	,	PUNCT
ajfa-5431	279	8	71	71	NUM
ajfa-5431	279	9	-	-	SYM
ajfa-5431	279	10	117	117	NUM
ajfa-5431	279	11	.	.	PUNCT
ajfa-5431	280	1	casterella	casterella	NOUN
ajfa-5431	280	2	,	,	PUNCT
ajfa-5431	280	3	j.	j.	PROPN
ajfa-5431	280	4	r.	r.	PROPN
ajfa-5431	280	5	,	,	PUNCT
ajfa-5431	280	6	b.	b.	PROPN
ajfa-5431	280	7	l.	l.	PROPN
ajfa-5431	280	8	lewis	lewis	PROPN
ajfa-5431	280	9	,	,	PUNCT
ajfa-5431	280	10	&	&	CCONJ
ajfa-5431	280	11	p.	p.	PROPN
ajfa-5431	280	12	l.	l.	PROPN
ajfa-5431	280	13	walker	walker	PROPN
ajfa-5431	280	14	.	.	PUNCT
ajfa-5431	281	1	(	(	PUNCT
ajfa-5431	281	2	2001	2001	NUM
ajfa-5431	281	3	)	)	PUNCT
ajfa-5431	281	4	.	.	PUNCT
ajfa-5431	282	1	the	the	DET
ajfa-5431	282	2	relation	relation	NOUN
ajfa-5431	282	3	of	of	ADP
ajfa-5431	282	4	audit	audit	NOUN
ajfa-5431	282	5	opinion	opinion	NOUN
ajfa-5431	282	6	and	and	CCONJ
ajfa-5431	282	7	auditor	auditor	NOUN
ajfa-5431	282	8	change	change	NOUN
ajfa-5431	282	9	with	with	ADP
ajfa-5431	282	10	bankruptcy	bankruptcy	NOUN
ajfa-5431	282	11	emergence	emergence	NOUN
ajfa-5431	282	12	.	.	PUNCT
ajfa-5431	283	1	2001	2001	NUM
ajfa-5431	283	2	aaa	aaa	NOUN
ajfa-5431	283	3	audit	audit	NOUN
ajfa-5431	283	4	section	section	NOUN
ajfa-5431	283	5	midyear	midyear	NOUN
ajfa-5431	283	6	meeting	meeting	NOUN
ajfa-5431	283	7	.	.	PUNCT
ajfa-5431	284	1	chen	chen	PROPN
ajfa-5431	284	2	,	,	PUNCT
ajfa-5431	284	3	k.	k.	PROPN
ajfa-5431	284	4	,	,	PUNCT
ajfa-5431	284	5	&	&	CCONJ
ajfa-5431	284	6	j.	j.	PROPN
ajfa-5431	284	7	lee	lee	PROPN
ajfa-5431	284	8	.	.	PUNCT
ajfa-5431	284	9	(	(	PUNCT
ajfa-5431	284	10	1993	1993	NUM
ajfa-5431	284	11	)	)	PUNCT
ajfa-5431	284	12	.	.	PUNCT
ajfa-5431	285	1	financial	financial	ADJ
ajfa-5431	285	2	ratios	ratio	NOUN
ajfa-5431	285	3	and	and	CCONJ
ajfa-5431	285	4	corporate	corporate	ADJ
ajfa-5431	285	5	endurance	endurance	NOUN
ajfa-5431	285	6	:	:	PUNCT
ajfa-5431	285	7	a	a	DET
ajfa-5431	285	8	case	case	NOUN
ajfa-5431	285	9	of	of	ADP
ajfa-5431	285	10	the	the	DET
ajfa-5431	285	11	oil	oil	NOUN
ajfa-5431	285	12	and	and	CCONJ
ajfa-5431	285	13	gas	gas	NOUN
ajfa-5431	285	14	industry	industry	NOUN
ajfa-5431	285	15	.	.	PUNCT
ajfa-5431	286	1	contemporary	contemporary	ADJ
ajfa-5431	286	2	accounting	accounting	PROPN
ajfa-5431	286	3	research	research	NOUN
ajfa-5431	286	4	,	,	PUNCT
ajfa-5431	286	5	9(2	9(2	NUM
ajfa-5431	286	6	)	)	PUNCT
ajfa-5431	286	7	,	,	PUNCT
ajfa-5431	286	8	667	667	NUM
ajfa-5431	286	9	-	-	SYM
ajfa-5431	286	10	694	694	NUM
ajfa-5431	286	11	.	.	PUNCT
ajfa-5431	287	1	http://dx.doi.org/10.1111/j.1911-3846.1993.tb00903.x	http://dx.doi.org/10.1111/j.1911-3846.1993.tb00903.x	PROPN
ajfa-5431	287	2	citron	citron	PROPN
ajfa-5431	287	3	,	,	PUNCT
ajfa-5431	287	4	d.	d.	PROPN
ajfa-5431	287	5	b.	b.	PROPN
ajfa-5431	287	6	,	,	PUNCT
ajfa-5431	287	7	&	&	CCONJ
ajfa-5431	287	8	r.	r.	PROPN
ajfa-5431	287	9	j.	j.	PROPN
ajfa-5431	287	10	taffler	taffler	PROPN
ajfa-5431	287	11	.	.	PUNCT
ajfa-5431	288	1	(	(	PUNCT
ajfa-5431	288	2	1992	1992	NUM
ajfa-5431	288	3	)	)	PUNCT
ajfa-5431	288	4	.	.	PUNCT
ajfa-5431	289	1	the	the	DET
ajfa-5431	289	2	audit	audit	NOUN
ajfa-5431	289	3	report	report	NOUN
ajfa-5431	289	4	under	under	ADP
ajfa-5431	289	5	going	go	VERB
ajfa-5431	289	6	–	–	PUNCT
ajfa-5431	289	7	concern	concern	NOUN
ajfa-5431	289	8	uncertainties	uncertainty	NOUN
ajfa-5431	289	9	:	:	PUNCT
ajfa-5431	289	10	an	an	DET
ajfa-5431	289	11	empirical	empirical	ADJ
ajfa-5431	289	12	analysis	analysis	NOUN
ajfa-5431	289	13	.	.	PUNCT
ajfa-5431	290	1	accounting	accounting	NOUN
ajfa-5431	290	2	and	and	CCONJ
ajfa-5431	290	3	business	business	NOUN
ajfa-5431	290	4	research	research	NOUN
ajfa-5431	290	5	,	,	PUNCT
ajfa-5431	290	6	22(4	22(4	NUM
ajfa-5431	290	7	)	)	PUNCT
ajfa-5431	290	8	,	,	PUNCT
ajfa-5431	290	9	337	337	NUM
ajfa-5431	290	10	-	-	SYM
ajfa-5431	290	11	345	345	NUM
ajfa-5431	290	12	.	.	PUNCT
ajfa-5431	291	1	http://dx.doi.org/10.1080/00014788.1992.9729449	http://dx.doi.org/10.1080/00014788.1992.9729449	NOUN
ajfa-5431	291	2	cybinski	cybinski	NOUN
ajfa-5431	291	3	,	,	PUNCT
ajfa-5431	291	4	p.	p.	PROPN
ajfa-5431	291	5	,	,	PUNCT
ajfa-5431	291	6	&	&	CCONJ
ajfa-5431	291	7	w.	w.	PROPN
ajfa-5431	291	8	carolyn	carolyn	PROPN
ajfa-5431	291	9	.	.	PUNCT
ajfa-5431	292	1	(	(	PUNCT
ajfa-5431	292	2	2005	2005	NUM
ajfa-5431	292	3	)	)	PUNCT
ajfa-5431	292	4	.	.	PUNCT
ajfa-5431	293	1	the	the	DET
ajfa-5431	293	2	efficacy	efficacy	NOUN
ajfa-5431	293	3	of	of	ADP
ajfa-5431	293	4	auditor	auditor	NOUN
ajfa-5431	293	5	’s	’s	PART
ajfa-5431	293	6	going	go	VERB
ajfa-5431	293	7	–	–	PUNCT
ajfa-5431	293	8	concern	concern	NOUN
ajfa-5431	293	9	opinions	opinion	NOUN
ajfa-5431	293	10	compared	compare	VERB
ajfa-5431	293	11	with	with	ADP
ajfa-5431	293	12	a	a	DET
ajfa-5431	293	13	temporal	temporal	ADJ
ajfa-5431	293	14	and	and	CCONJ
ajfa-5431	293	15	a	a	DET
ajfa-5431	293	16	temporal	temporal	ADJ
ajfa-5431	293	17	bankruptcy	bankruptcy	NOUN
ajfa-5431	293	18	risk	risk	NOUN
ajfa-5431	293	19	model	model	NOUN
ajfa-5431	293	20	:	:	PUNCT
ajfa-5431	293	21	analyzing	analyze	VERB
ajfa-5431	293	22	u.s	u.s	PROPN
ajfa-5431	293	23	trade	trade	NOUN
ajfa-5431	293	24	and	and	CCONJ
ajfa-5431	293	25	service	service	NOUN
ajfa-5431	293	26	industry	industry	NOUN
ajfa-5431	293	27	failures	failure	VERB
ajfa-5431	293	28	1974	1974	NUM
ajfa-5431	293	29	-	-	SYM
ajfa-5431	293	30	1988	1988	NUM
ajfa-5431	293	31	.	.	PUNCT
ajfa-5431	294	1	pacific	pacific	PROPN
ajfa-5431	294	2	accounting	accounting	PROPN
ajfa-5431	294	3	review	review	PROPN
ajfa-5431	294	4	,	,	PUNCT
ajfa-5431	294	5	3	3	PROPN
ajfa-5431	294	6	-	-	SYM
ajfa-5431	294	7	36	36	NUM
ajfa-5431	294	8	.	.	PUNCT
ajfa-5431	295	1	deakin	deakin	PROPN
ajfa-5431	295	2	,	,	PUNCT
ajfa-5431	295	3	e.	e.	PROPN
ajfa-5431	295	4	b.	b.	PROPN
ajfa-5431	295	5	(	(	PUNCT
ajfa-5431	295	6	1972	1972	NUM
ajfa-5431	295	7	)	)	PUNCT
ajfa-5431	295	8	.	.	PUNCT
ajfa-5431	296	1	a	a	DET
ajfa-5431	296	2	discriminate	discriminate	ADJ
ajfa-5431	296	3	analysis	analysis	NOUN
ajfa-5431	296	4	of	of	ADP
ajfa-5431	296	5	predictors	predictor	NOUN
ajfa-5431	296	6	of	of	ADP
ajfa-5431	296	7	business	business	NOUN
ajfa-5431	296	8	failure	failure	NOUN
ajfa-5431	296	9	.	.	PUNCT
ajfa-5431	297	1	journal	journal	NOUN
ajfa-5431	297	2	of	of	ADP
ajfa-5431	297	3	accounting	accounting	NOUN
ajfa-5431	297	4	research	research	NOUN
ajfa-5431	297	5	,	,	PUNCT
ajfa-5431	297	6	167	167	NUM
ajfa-5431	297	7	-	-	SYM
ajfa-5431	297	8	179	179	NUM
ajfa-5431	297	9	.	.	PUNCT
ajfa-5431	298	1	http://dx.doi.org/10.2307/2490225	http://dx.doi.org/10.2307/2490225	PROPN
ajfa-5431	298	2	fama	fama	PROPN
ajfa-5431	298	3	,	,	PUNCT
ajfa-5431	298	4	&	&	CCONJ
ajfa-5431	298	5	m.	m.	PROPN
ajfa-5431	298	6	jensen	jensen	PROPN
ajfa-5431	298	7	.	.	PUNCT
ajfa-5431	299	1	(	(	PUNCT
ajfa-5431	299	2	1983	1983	NUM
ajfa-5431	299	3	)	)	PUNCT
ajfa-5431	299	4	.	.	PUNCT
ajfa-5431	300	1	agency	agency	NOUN
ajfa-5431	300	2	problems	problem	NOUN
ajfa-5431	300	3	and	and	CCONJ
ajfa-5431	300	4	residual	residual	ADJ
ajfa-5431	300	5	claim	claim	NOUN
ajfa-5431	300	6	.	.	PUNCT
ajfa-5431	301	1	journal	journal	NOUN
ajfa-5431	301	2	of	of	ADP
ajfa-5431	301	3	law	law	NOUN
ajfa-5431	301	4	and	and	CCONJ
ajfa-5431	301	5	economics	economic	NOUN
ajfa-5431	301	6	,	,	PUNCT
ajfa-5431	301	7	26	26	NUM
ajfa-5431	301	8	,	,	PUNCT
ajfa-5431	301	9	327	327	NUM
ajfa-5431	301	10	-	-	SYM
ajfa-5431	301	11	349	349	NUM
ajfa-5431	301	12	.	.	PUNCT
ajfa-5431	302	1	hsu	hsu	PROPN
ajfa-5431	302	2	,	,	PUNCT
ajfa-5431	302	3	y.	y.	PROPN
ajfa-5431	302	4	s.	s.	PROPN
ajfa-5431	302	5	,	,	PUNCT
ajfa-5431	302	6	c.	c.	PROPN
ajfa-5431	302	7	c.	c.	PROPN
ajfa-5431	302	8	wang	wang	PROPN
ajfa-5431	302	9	,	,	PUNCT
ajfa-5431	302	10	&	&	CCONJ
ajfa-5431	302	11	c.	c.	PROPN
ajfa-5431	302	12	h.	h.	PROPN
ajfa-5431	302	13	liou	liou	PROPN
ajfa-5431	302	14	.	.	PUNCT
ajfa-5431	303	1	(	(	PUNCT
ajfa-5431	303	2	2011	2011	NUM
ajfa-5431	303	3	)	)	PUNCT
ajfa-5431	303	4	.	.	PUNCT
ajfa-5431	304	1	the	the	DET
ajfa-5431	304	2	dynamic	dynamic	ADJ
ajfa-5431	304	3	analysis	analysis	NOUN
ajfa-5431	304	4	of	of	ADP
ajfa-5431	304	5	listed	list	VERB
ajfa-5431	304	6	/	/	SYM
ajfa-5431	304	7	otc	otc	PROPN
ajfa-5431	304	8	companies	company	NOUN
ajfa-5431	304	9	first	first	ADV
ajfa-5431	304	10	facing	face	VERB
ajfa-5431	304	11	going	go	VERB
ajfa-5431	304	12	concern	concern	NOUN
ajfa-5431	304	13	suspect	suspect	NOUN
ajfa-5431	304	14	.	.	PUNCT
ajfa-5431	305	1	review	review	NOUN
ajfa-5431	305	2	of	of	ADP
ajfa-5431	305	3	securities	security	NOUN
ajfa-5431	305	4	and	and	CCONJ
ajfa-5431	305	5	futures	future	NOUN
ajfa-5431	305	6	markets	market	NOUN
ajfa-5431	305	7	,	,	PUNCT
ajfa-5431	305	8	23(4	23(4	NOUN
ajfa-5431	305	9	)	)	PUNCT
ajfa-5431	305	10	,	,	PUNCT
ajfa-5431	305	11	27	27	NUM
ajfa-5431	305	12	-	-	SYM
ajfa-5431	305	13	62	62	NUM
ajfa-5431	305	14	.	.	PUNCT
ajfa-5431	306	1	asian	asian	ADJ
ajfa-5431	306	2	journal	journal	PROPN
ajfa-5431	306	3	of	of	ADP
ajfa-5431	306	4	finance	finance	PROPN
ajfa-5431	306	5	&	&	CCONJ
ajfa-5431	306	6	accounting	accounting	PROPN
ajfa-5431	306	7	issn	issn	PROPN
ajfa-5431	306	8	1946	1946	NUM
ajfa-5431	306	9	-	-	PUNCT
ajfa-5431	306	10	052x	052x	PROPN
ajfa-5431	306	11	2014	2014	NUM
ajfa-5431	306	12	,	,	PUNCT
ajfa-5431	306	13	vol	vol	NOUN
ajfa-5431	306	14	.	.	PROPN
ajfa-5431	307	1	6	6	NUM
ajfa-5431	307	2	,	,	PUNCT
ajfa-5431	307	3	no	no	INTJ
ajfa-5431	307	4	.	.	NOUN
ajfa-5431	307	5	1	1	NUM
ajfa-5431	307	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5431	307	7	321	321	NUM
ajfa-5431	307	8	jensen	jensen	PROPN
ajfa-5431	307	9	,	,	PUNCT
ajfa-5431	307	10	m.	m.	NOUN
ajfa-5431	307	11	,	,	PUNCT
ajfa-5431	307	12	&	&	CCONJ
ajfa-5431	307	13	w.	w.	PROPN
ajfa-5431	307	14	meckling	meckling	PROPN
ajfa-5431	307	15	.	.	PUNCT
ajfa-5431	308	1	(	(	PUNCT
ajfa-5431	308	2	1976	1976	NUM
ajfa-5431	308	3	)	)	PUNCT
ajfa-5431	308	4	.	.	PUNCT
ajfa-5431	309	1	theory	theory	NOUN
ajfa-5431	309	2	of	of	ADP
ajfa-5431	309	3	the	the	DET
ajfa-5431	309	4	firm	firm	NOUN
ajfa-5431	309	5	:	:	PUNCT
ajfa-5431	309	6	managerial	managerial	ADJ
ajfa-5431	309	7	behavior	behavior	NOUN
ajfa-5431	309	8	agency	agency	NOUN
ajfa-5431	309	9	costs	cost	NOUN
ajfa-5431	309	10	and	and	CCONJ
ajfa-5431	309	11	ownership	ownership	NOUN
ajfa-5431	309	12	structure	structure	NOUN
ajfa-5431	309	13	.	.	PUNCT
ajfa-5431	310	1	journal	journal	NOUN
ajfa-5431	310	2	of	of	ADP
ajfa-5431	310	3	financial	financial	ADJ
ajfa-5431	310	4	economics	economic	NOUN
ajfa-5431	310	5	,	,	PUNCT
ajfa-5431	310	6	3	3	NUM
ajfa-5431	310	7	,	,	PUNCT
ajfa-5431	310	8	305	305	NUM
ajfa-5431	310	9	-	-	SYM
ajfa-5431	310	10	360	360	NUM
ajfa-5431	310	11	.	.	PUNCT
ajfa-5431	311	1	http://dx.doi.org/10.1016/0304-405x(76)90026-x	http://dx.doi.org/10.1016/0304-405x(76)90026-x	PROPN
ajfa-5431	311	2	kesner	kesner	PROPN
ajfa-5431	311	3	,	,	PUNCT
ajfa-5431	311	4	i.	i.	PROPN
ajfa-5431	311	5	f.	f.	PROPN
ajfa-5431	311	6	(	(	PUNCT
ajfa-5431	311	7	1987	1987	NUM
ajfa-5431	311	8	)	)	PUNCT
ajfa-5431	311	9	.	.	PUNCT
ajfa-5431	312	1	directors	director	NOUN
ajfa-5431	312	2	stock	stock	NOUN
ajfa-5431	312	3	ownership	ownership	NOUN
ajfa-5431	312	4	and	and	CCONJ
ajfa-5431	312	5	organization	organization	NOUN
ajfa-5431	312	6	performance	performance	NOUN
ajfa-5431	312	7	:	:	PUNCT
ajfa-5431	312	8	an	an	DET
ajfa-5431	312	9	investigation	investigation	NOUN
ajfa-5431	312	10	of	of	ADP
ajfa-5431	312	11	fortune	fortune	NOUN
ajfa-5431	312	12	500	500	NUM
ajfa-5431	312	13	companies	company	NOUN
ajfa-5431	312	14	.	.	PUNCT
ajfa-5431	313	1	journal	journal	PROPN
ajfa-5431	313	2	of	of	ADP
ajfa-5431	313	3	business	business	NOUN
ajfa-5431	313	4	research	research	NOUN
ajfa-5431	313	5	,	,	PUNCT
ajfa-5431	313	6	16	16	NUM
ajfa-5431	313	7	,	,	PUNCT
ajfa-5431	313	8	235	235	NUM
ajfa-5431	313	9	-	-	SYM
ajfa-5431	313	10	249	249	NUM
ajfa-5431	313	11	.	.	PUNCT
ajfa-5431	314	1	koh	koh	PROPN
ajfa-5431	314	2	,	,	PUNCT
ajfa-5431	314	3	h.	h.	PROPN
ajfa-5431	314	4	c.	c.	PROPN
ajfa-5431	314	5	,	,	PUNCT
ajfa-5431	314	6	&	&	CCONJ
ajfa-5431	314	7	l.	l.	PROPN
ajfa-5431	314	8	n.	n.	PROPN
ajfa-5431	314	9	killough	killough	PROPN
ajfa-5431	314	10	.	.	PUNCT
ajfa-5431	315	1	(	(	PUNCT
ajfa-5431	315	2	1990	1990	NUM
ajfa-5431	315	3	)	)	PUNCT
ajfa-5431	315	4	.	.	PUNCT
ajfa-5431	316	1	the	the	DET
ajfa-5431	316	2	use	use	NOUN
ajfa-5431	316	3	of	of	ADP
ajfa-5431	316	4	multiple	multiple	ADJ
ajfa-5431	316	5	discriminate	discriminate	ADJ
ajfa-5431	316	6	analysis	analysis	NOUN
ajfa-5431	316	7	in	in	ADP
ajfa-5431	316	8	the	the	DET
ajfa-5431	316	9	assessment	assessment	NOUN
ajfa-5431	316	10	of	of	ADP
ajfa-5431	316	11	the	the	DET
ajfa-5431	316	12	going	go	VERB
ajfa-5431	316	13	-	-	PUNCT
ajfa-5431	316	14	concern	concern	NOUN
ajfa-5431	316	15	status	status	NOUN
ajfa-5431	316	16	of	of	ADP
ajfa-5431	316	17	an	an	DET
ajfa-5431	316	18	audit	audit	NOUN
ajfa-5431	316	19	client	client	NOUN
ajfa-5431	316	20	.	.	PUNCT
ajfa-5431	317	1	journal	journal	PROPN
ajfa-5431	317	2	of	of	ADP
ajfa-5431	317	3	business	business	NOUN
ajfa-5431	317	4	finance	finance	NOUN
ajfa-5431	317	5	and	and	CCONJ
ajfa-5431	317	6	accounting	accounting	NOUN
ajfa-5431	317	7	,	,	PUNCT
ajfa-5431	317	8	178	178	NUM
ajfa-5431	317	9	-	-	SYM
ajfa-5431	317	10	192	192	NUM
ajfa-5431	317	11	.	.	PUNCT
ajfa-5431	318	1	koh	koh	PROPN
ajfa-5431	318	2	,	,	PUNCT
ajfa-5431	318	3	h.	h.	PROPN
ajfa-5431	318	4	c.	c.	PROPN
ajfa-5431	318	5	(	(	PUNCT
ajfa-5431	318	6	1991	1991	NUM
ajfa-5431	318	7	)	)	PUNCT
ajfa-5431	318	8	.	.	PUNCT
ajfa-5431	319	1	model	model	NOUN
ajfa-5431	319	2	predictions	prediction	NOUN
ajfa-5431	319	3	and	and	CCONJ
ajfa-5431	319	4	auditor	auditor	NOUN
ajfa-5431	319	5	assessments	assessment	NOUN
ajfa-5431	319	6	of	of	ADP
ajfa-5431	319	7	going	go	VERB
ajfa-5431	319	8	-	-	PUNCT
ajfa-5431	319	9	concern	concern	NOUN
ajfa-5431	319	10	status	status	NOUN
ajfa-5431	319	11	.	.	PUNCT
ajfa-5431	320	1	accounting	accounting	NOUN
ajfa-5431	320	2	and	and	CCONJ
ajfa-5431	320	3	business	business	NOUN
ajfa-5431	320	4	research	research	NOUN
ajfa-5431	320	5	,	,	PUNCT
ajfa-5431	320	6	21(4	21(4	NUM
ajfa-5431	320	7	)	)	PUNCT
ajfa-5431	320	8	,	,	PUNCT
ajfa-5431	320	9	331	331	NUM
ajfa-5431	320	10	-	-	SYM
ajfa-5431	320	11	338	338	NUM
ajfa-5431	320	12	.	.	PUNCT
ajfa-5431	321	1	lancaster	lancaster	NOUN
ajfa-5431	321	2	,	,	PUNCT
ajfa-5431	321	3	t.	t.	PROPN
ajfa-5431	321	4	(	(	PUNCT
ajfa-5431	321	5	1990	1990	NUM
ajfa-5431	321	6	)	)	PUNCT
ajfa-5431	321	7	.	.	PUNCT
ajfa-5431	322	1	the	the	DET
ajfa-5431	322	2	econometric	econometric	ADJ
ajfa-5431	322	3	analysis	analysis	NOUN
ajfa-5431	322	4	of	of	ADP
ajfa-5431	322	5	transition	transition	NOUN
ajfa-5431	322	6	data	datum	NOUN
ajfa-5431	322	7	,	,	PUNCT
ajfa-5431	322	8	brown	brown	ADJ
ajfa-5431	322	9	university	university	NOUN
ajfa-5431	322	10	.	.	PUNCT
ajfa-5431	323	1	levitan	levitan	PROPN
ajfa-5431	323	2	,	,	PUNCT
ajfa-5431	323	3	a.	a.	PROPN
ajfa-5431	323	4	,	,	PUNCT
ajfa-5431	323	5	&	&	CCONJ
ajfa-5431	323	6	j.	j.	PROPN
ajfa-5431	323	7	knoblett	knoblett	PROPN
ajfa-5431	323	8	.	.	PUNCT
ajfa-5431	324	1	(	(	PUNCT
ajfa-5431	324	2	1985	1985	NUM
ajfa-5431	324	3	)	)	PUNCT
ajfa-5431	324	4	.	.	PUNCT
ajfa-5431	325	1	indicator	indicator	NOUN
ajfa-5431	325	2	of	of	ADP
ajfa-5431	325	3	exceptions	exception	NOUN
ajfa-5431	325	4	to	to	ADP
ajfa-5431	325	5	the	the	DET
ajfa-5431	325	6	going	go	VERB
ajfa-5431	325	7	concern	concern	NOUN
ajfa-5431	325	8	assumption	assumption	NOUN
ajfa-5431	325	9	.	.	PUNCT
ajfa-5431	326	1	auditing	auditing	NOUN
ajfa-5431	326	2	:	:	PUNCT
ajfa-5431	326	3	a	a	DET
ajfa-5431	326	4	journal	journal	NOUN
ajfa-5431	326	5	of	of	ADP
ajfa-5431	326	6	practice	practice	NOUN
ajfa-5431	326	7	&	&	CCONJ
ajfa-5431	326	8	theory	theory	NOUN
ajfa-5431	326	9	,	,	PUNCT
ajfa-5431	326	10	5(1	5(1	NUM
ajfa-5431	326	11	)	)	PUNCT
ajfa-5431	326	12	,	,	PUNCT
ajfa-5431	326	13	26	26	NUM
ajfa-5431	326	14	-	-	SYM
ajfa-5431	326	15	39	39	NUM
ajfa-5431	326	16	.	.	PUNCT
ajfa-5431	327	1	louwers	louwer	NOUN
ajfa-5431	327	2	,	,	PUNCT
ajfa-5431	327	3	t.	t.	PROPN
ajfa-5431	327	4	(	(	PUNCT
ajfa-5431	327	5	1998	1998	NUM
ajfa-5431	327	6	)	)	PUNCT
ajfa-5431	327	7	.	.	PUNCT
ajfa-5431	328	1	the	the	DET
ajfa-5431	328	2	relation	relation	NOUN
ajfa-5431	328	3	between	between	ADP
ajfa-5431	328	4	going	go	VERB
ajfa-5431	328	5	-	-	PUNCT
ajfa-5431	328	6	concern	concern	NOUN
ajfa-5431	328	7	opinions	opinion	NOUN
ajfa-5431	328	8	and	and	CCONJ
ajfa-5431	328	9	the	the	DET
ajfa-5431	328	10	auditor	auditor	NOUN
ajfa-5431	328	11	’s	’s	PART
ajfa-5431	328	12	loss	loss	NOUN
ajfa-5431	328	13	function	function	NOUN
ajfa-5431	328	14	.	.	PUNCT
ajfa-5431	329	1	journal	journal	NOUN
ajfa-5431	329	2	of	of	ADP
ajfa-5431	329	3	accounting	accounting	NOUN
ajfa-5431	329	4	research	research	NOUN
ajfa-5431	329	5	,	,	PUNCT
ajfa-5431	329	6	36(1	36(1	NUM
ajfa-5431	329	7	)	)	PUNCT
ajfa-5431	329	8	,	,	PUNCT
ajfa-5431	329	9	143	143	NUM
ajfa-5431	329	10	-	-	SYM
ajfa-5431	329	11	155	155	NUM
ajfa-5431	329	12	.	.	PUNCT
ajfa-5431	330	1	louwers	louwer	NOUN
ajfa-5431	330	2	,	,	PUNCT
ajfa-5431	330	3	t.	t.	PROPN
ajfa-5431	330	4	,	,	PUNCT
ajfa-5431	330	5	f.	f.	PROPN
ajfa-5431	330	6	messina	messina	PROPN
ajfa-5431	330	7	,	,	PUNCT
ajfa-5431	330	8	&	&	CCONJ
ajfa-5431	330	9	m.	m.	PROPN
ajfa-5431	330	10	richard	richard	PROPN
ajfa-5431	330	11	.	.	PUNCT
ajfa-5431	331	1	(	(	PUNCT
ajfa-5431	331	2	1999	1999	NUM
ajfa-5431	331	3	)	)	PUNCT
ajfa-5431	331	4	.	.	PUNCT
ajfa-5431	332	1	the	the	DET
ajfa-5431	332	2	auditors	auditor	NOUN
ajfa-5431	332	3	going	go	VERB
ajfa-5431	332	4	concern	concern	NOUN
ajfa-5431	332	5	disclosure	disclosure	NOUN
ajfa-5431	332	6	as	as	ADP
ajfa-5431	332	7	a	a	DET
ajfa-5431	332	8	self	self	NOUN
ajfa-5431	332	9	-	-	PUNCT
ajfa-5431	332	10	fulfilling	fulfil	VERB
ajfa-5431	332	11	prophecy	prophecy	NOUN
ajfa-5431	332	12	:	:	PUNCT
ajfa-5431	332	13	a	a	DET
ajfa-5431	332	14	discrete	discrete	ADJ
ajfa-5431	332	15	time	time	NOUN
ajfa-5431	332	16	survival	survival	NOUN
ajfa-5431	332	17	analysis	analysis	NOUN
ajfa-5431	332	18	.	.	PUNCT
ajfa-5431	333	1	decision	decision	NOUN
ajfa-5431	333	2	sciences	science	NOUN
ajfa-5431	333	3	,	,	PUNCT
ajfa-5431	333	4	30(3	30(3	NUM
ajfa-5431	333	5	)	)	PUNCT
ajfa-5431	333	6	,	,	PUNCT
ajfa-5431	333	7	805	805	NUM
ajfa-5431	333	8	-	-	SYM
ajfa-5431	333	9	824	824	NUM
ajfa-5431	333	10	.	.	PUNCT
ajfa-5431	334	1	http://dx.doi.org/10.1111/j.1540-5915.1999.tb00907.x	http://dx.doi.org/10.1111/j.1540-5915.1999.tb00907.x	NOUN
ajfa-5431	334	2	mcconnell	mcconnell	PROPN
ajfa-5431	334	3	,	,	PUNCT
ajfa-5431	334	4	j.	j.	PROPN
ajfa-5431	334	5	j.	j.	PROPN
ajfa-5431	334	6	,	,	PUNCT
ajfa-5431	334	7	&	&	CCONJ
ajfa-5431	334	8	h.	h.	PROPN
ajfa-5431	334	9	servase	servase	PROPN
ajfa-5431	334	10	.	.	PUNCT
ajfa-5431	335	1	(	(	PUNCT
ajfa-5431	335	2	1990	1990	NUM
ajfa-5431	335	3	)	)	PUNCT
ajfa-5431	335	4	.	.	PUNCT
ajfa-5431	336	1	additional	additional	ADJ
ajfa-5431	336	2	evidence	evidence	NOUN
ajfa-5431	336	3	on	on	ADP
ajfa-5431	336	4	equity	equity	NOUN
ajfa-5431	336	5	ownership	ownership	NOUN
ajfa-5431	336	6	and	and	CCONJ
ajfa-5431	336	7	corporate	corporate	ADJ
ajfa-5431	336	8	value	value	NOUN
ajfa-5431	336	9	.	.	PUNCT
ajfa-5431	337	1	journal	journal	NOUN
ajfa-5431	337	2	of	of	ADP
ajfa-5431	337	3	financial	financial	ADJ
ajfa-5431	337	4	economivs	economivs	PROPN
ajfa-5431	337	5	,	,	PUNCT
ajfa-5431	337	6	27(2	27(2	PRON
ajfa-5431	337	7	)	)	PUNCT
ajfa-5431	337	8	,	,	PUNCT
ajfa-5431	337	9	595	595	NUM
ajfa-5431	337	10	-	-	PUNCT
ajfa-5431	337	11	612	612	NUM
ajfa-5431	337	12	.	.	PUNCT
ajfa-5431	337	13	mutchler	mutchler	NOUN
ajfa-5431	337	14	,	,	PUNCT
ajfa-5431	337	15	j.	j.	PROPN
ajfa-5431	337	16	f.	f.	PROPN
ajfa-5431	337	17	(	(	PUNCT
ajfa-5431	337	18	1984	1984	NUM
ajfa-5431	337	19	)	)	PUNCT
ajfa-5431	337	20	.	.	PUNCT
ajfa-5431	338	1	audiyors	audiyor	NOUN
ajfa-5431	338	2	’	'	PUNCT
ajfa-5431	338	3	perception	perception	NOUN
ajfa-5431	338	4	of	of	ADP
ajfa-5431	338	5	the	the	DET
ajfa-5431	338	6	going	go	VERB
ajfa-5431	338	7	-	-	PUNCT
ajfa-5431	338	8	concern	concern	NOUN
ajfa-5431	338	9	opinion	opinion	NOUN
ajfa-5431	338	10	decision	decision	NOUN
ajfa-5431	338	11	.	.	PUNCT
ajfa-5431	339	1	auditing	auditing	NOUN
ajfa-5431	339	2	:	:	PUNCT
ajfa-5431	339	3	a	a	DET
ajfa-5431	339	4	journal	journal	NOUN
ajfa-5431	339	5	of	of	ADP
ajfa-5431	339	6	practices	practice	NOUN
ajfa-5431	339	7	&	&	CCONJ
ajfa-5431	339	8	theory	theory	NOUN
ajfa-5431	339	9	,	,	PUNCT
ajfa-5431	339	10	3	3	NUM
ajfa-5431	339	11	,	,	PUNCT
ajfa-5431	339	12	17	17	NUM
ajfa-5431	339	13	-	-	SYM
ajfa-5431	339	14	30	30	NUM
ajfa-5431	339	15	.	.	PUNCT
ajfa-5431	340	1	nogler	nogler	NOUN
ajfa-5431	340	2	,	,	PUNCT
ajfa-5431	340	3	g.	g.	PROPN
ajfa-5431	340	4	e.	e.	PROPN
ajfa-5431	340	5	(	(	PUNCT
ajfa-5431	340	6	1995	1995	NUM
ajfa-5431	340	7	)	)	PUNCT
ajfa-5431	340	8	.	.	PUNCT
ajfa-5431	341	1	the	the	DET
ajfa-5431	341	2	resolution	resolution	NOUN
ajfa-5431	341	3	of	of	ADP
ajfa-5431	341	4	auditor	auditor	NOUN
ajfa-5431	341	5	going	go	VERB
ajfa-5431	341	6	concern	concern	NOUN
ajfa-5431	341	7	opinions	opinion	NOUN
ajfa-5431	341	8	.	.	PUNCT
ajfa-5431	342	1	auditing	audit	VERB
ajfa-5431	342	2	:	:	PUNCT
ajfa-5431	342	3	a	a	DET
ajfa-5431	342	4	journal	journal	NOUN
ajfa-5431	342	5	of	of	ADP
ajfa-5431	342	6	practices	practice	NOUN
ajfa-5431	342	7	&	&	CCONJ
ajfa-5431	342	8	theory	theory	NOUN
ajfa-5431	342	9	,	,	PUNCT
ajfa-5431	342	10	14(2	14(2	NUM
ajfa-5431	342	11	)	)	PUNCT
ajfa-5431	342	12	,	,	PUNCT
ajfa-5431	342	13	54	54	NUM
ajfa-5431	342	14	-	-	SYM
ajfa-5431	342	15	73	73	NUM
ajfa-5431	342	16	.	.	PUNCT
ajfa-5431	343	1	ohlson	ohlson	PROPN
ajfa-5431	343	2	,	,	PUNCT
ajfa-5431	343	3	j.	j.	PROPN
ajfa-5431	343	4	(	(	PUNCT
ajfa-5431	343	5	1980	1980	NUM
ajfa-5431	343	6	)	)	PUNCT
ajfa-5431	343	7	.	.	PUNCT
ajfa-5431	344	1	financial	financial	ADJ
ajfa-5431	344	2	ratios	ratio	NOUN
ajfa-5431	344	3	and	and	CCONJ
ajfa-5431	344	4	the	the	DET
ajfa-5431	344	5	probabilistic	probabilistic	ADJ
ajfa-5431	344	6	prediction	prediction	NOUN
ajfa-5431	344	7	of	of	ADP
ajfa-5431	344	8	bankruptcy	bankruptcy	NOUN
ajfa-5431	344	9	.	.	PUNCT
ajfa-5431	345	1	journal	journal	PROPN
ajfa-5431	345	2	of	of	ADP
ajfa-5431	345	3	accounting	accounting	NOUN
ajfa-5431	345	4	research	research	NOUN
ajfa-5431	345	5	,	,	PUNCT
ajfa-5431	345	6	18(1	18(1	NUM
ajfa-5431	345	7	)	)	PUNCT
ajfa-5431	345	8	,	,	PUNCT
ajfa-5431	345	9	109	109	NUM
ajfa-5431	345	10	-	-	SYM
ajfa-5431	345	11	131	131	NUM
ajfa-5431	345	12	.	.	PUNCT
ajfa-5431	346	1	http://dx.doi.org/10.2307/2490395	http://dx.doi.org/10.2307/2490395	PROPN
ajfa-5431	346	2	psaros	psaros	PROPN
ajfa-5431	346	3	,	,	PUNCT
ajfa-5431	346	4	j.	j.	PROPN
ajfa-5431	346	5	,	,	PUNCT
ajfa-5431	346	6	&	&	CCONJ
ajfa-5431	346	7	m.	m.	PROPN
ajfa-5431	346	8	zhang	zhang	PROPN
ajfa-5431	346	9	.	.	PUNCT
ajfa-5431	347	1	(	(	PUNCT
ajfa-5431	347	2	1994	1994	NUM
ajfa-5431	347	3	)	)	PUNCT
ajfa-5431	347	4	.	.	PUNCT
ajfa-5431	348	1	the	the	DET
ajfa-5431	348	2	going	go	VERB
ajfa-5431	348	3	concern	concern	NOUN
ajfa-5431	348	4	audit	audit	NOUN
ajfa-5431	348	5	opinion	opinion	NOUN
ajfa-5431	348	6	:	:	PUNCT
ajfa-5431	348	7	australian	australian	ADJ
ajfa-5431	348	8	evidence	evidence	NOUN
ajfa-5431	348	9	.	.	PUNCT
ajfa-5431	349	1	perspective	perspective	NOUN
ajfa-5431	349	2	on	on	ADP
ajfa-5431	349	3	contemporary	contemporary	ADJ
ajfa-5431	349	4	auditing	auditing	NOUN
ajfa-5431	349	5	,	,	PUNCT
ajfa-5431	349	6	39	39	NUM
ajfa-5431	349	7	-	-	SYM
ajfa-5431	349	8	46	46	NUM
ajfa-5431	349	9	.	.	PUNCT
ajfa-5431	350	1	schmidt	schmidt	PROPN
ajfa-5431	350	2	,	,	PUNCT
ajfa-5431	350	3	p.	p.	PROPN
ajfa-5431	350	4	,	,	PUNCT
ajfa-5431	350	5	&	&	CCONJ
ajfa-5431	350	6	a.	a.	PROPN
ajfa-5431	350	7	d.	d.	PROPN
ajfa-5431	350	8	witte	witte	PROPN
ajfa-5431	350	9	(	(	PUNCT
ajfa-5431	350	10	1989	1989	NUM
ajfa-5431	350	11	)	)	PUNCT
ajfa-5431	350	12	.	.	PUNCT
ajfa-5431	351	1	predicting	predict	VERB
ajfa-5431	351	2	criminal	criminal	ADJ
ajfa-5431	351	3	recidivism	recidivism	NOUN
ajfa-5431	351	4	using	use	VERB
ajfa-5431	351	5	split	split	ADJ
ajfa-5431	351	6	population	population	NOUN
ajfa-5431	351	7	survival	survival	NOUN
ajfa-5431	351	8	time	time	PROPN
ajfa-5431	351	9	model	model	PROPN
ajfa-5431	351	10	.	.	PUNCT
ajfa-5431	352	1	journal	journal	PROPN
ajfa-5431	352	2	of	of	ADP
ajfa-5431	352	3	econometrics	econometric	NOUN
ajfa-5431	352	4	,	,	PUNCT
ajfa-5431	352	5	40	40	NUM
ajfa-5431	352	6	,	,	PUNCT
ajfa-5431	352	7	141	141	NUM
ajfa-5431	352	8	-	-	SYM
ajfa-5431	352	9	159	159	NUM
ajfa-5431	352	10	.	.	PUNCT
ajfa-5431	353	1	http://dx.doi.org/10.1016/0304-4076(89)90034-1	http://dx.doi.org/10.1016/0304-4076(89)90034-1	PROPN
ajfa-5431	353	2	wang	wang	PROPN
ajfa-5431	353	3	,	,	PUNCT
ajfa-5431	353	4	c.	c.	PROPN
ajfa-5431	353	5	c.	c.	PROPN
ajfa-5431	353	6	,	,	PUNCT
ajfa-5431	353	7	y.	y.	PROPN
ajfa-5431	353	8	j.	j.	PROPN
ajfa-5431	353	9	lin	lin	PROPN
ajfa-5431	353	10	,	,	PUNCT
ajfa-5431	353	11	&	&	CCONJ
ajfa-5431	353	12	y.	y.	PROPN
ajfa-5431	353	13	s.	s.	PROPN
ajfa-5431	353	14	hsu	hsu	PROPN
ajfa-5431	353	15	.	.	PUNCT
ajfa-5431	354	1	(	(	PUNCT
ajfa-5431	354	2	2013	2013	NUM
ajfa-5431	354	3	)	)	PUNCT
ajfa-5431	354	4	.	.	PUNCT
ajfa-5431	355	1	the	the	DET
ajfa-5431	355	2	initial	initial	ADJ
ajfa-5431	355	3	going	go	VERB
ajfa-5431	355	4	-	-	PUNCT
ajfa-5431	355	5	concern	concern	NOUN
ajfa-5431	355	6	of	of	ADP
ajfa-5431	355	7	delisting	delist	VERB
ajfa-5431	355	8	firms	firm	NOUN
ajfa-5431	355	9	:	:	PUNCT
ajfa-5431	355	10	an	an	DET
ajfa-5431	355	11	application	application	NOUN
ajfa-5431	355	12	of	of	ADP
ajfa-5431	355	13	proportional	proportional	ADJ
ajfa-5431	355	14	hazard	hazard	NOUN
ajfa-5431	355	15	model	model	NOUN
ajfa-5431	355	16	.	.	PUNCT
ajfa-5431	356	1	asian	asian	ADJ
ajfa-5431	356	2	journal	journal	PROPN
ajfa-5431	356	3	of	of	ADP
ajfa-5431	356	4	finance	finance	PROPN
ajfa-5431	356	5	&	&	CCONJ
ajfa-5431	356	6	accounting	accounting	PROPN
ajfa-5431	356	7	,	,	PUNCT
ajfa-5431	356	8	5	5	NUM
ajfa-5431	356	9	,	,	PUNCT
ajfa-5431	356	10	139	139	NUM
ajfa-5431	356	11	-	-	SYM
ajfa-5431	356	12	158	158	NUM
ajfa-5431	356	13	.	.	PUNCT
ajfa-5431	357	1	http://dx.doi.org/10.5296/ajfa.v5i2.4336	http://dx.doi.org/10.5296/ajfa.v5i2.4336	PROPN
ajfa-5431	357	2	zhang	zhang	PROPN
ajfa-5431	357	3	,	,	PUNCT
ajfa-5431	357	4	m.	m.	PROPN
ajfa-5431	357	5	w.	w.	PROPN
ajfa-5431	357	6	,	,	PUNCT
ajfa-5431	357	7	&	&	CCONJ
ajfa-5431	357	8	h.	h.	PROPN
ajfa-5431	357	9	suzanne	suzanne	PROPN
ajfa-5431	357	10	.	.	PUNCT
ajfa-5431	358	1	(	(	PUNCT
ajfa-5431	358	2	1997	1997	NUM
ajfa-5431	358	3	)	)	PUNCT
ajfa-5431	358	4	.	.	PUNCT
ajfa-5431	359	1	going	go	VERB
ajfa-5431	359	2	,	,	PUNCT
ajfa-5431	359	3	going	go	VERB
ajfa-5431	359	4	…	…	PUNCT
ajfa-5431	359	5	gone	gone	ADJ
ajfa-5431	359	6	?	?	PUNCT
ajfa-5431	359	7	is	be	AUX
ajfa-5431	359	8	a	a	DET
ajfa-5431	359	9	gcq	gcq	NOUN
ajfa-5431	359	10	a	a	DET
ajfa-5431	359	11	self	self	NOUN
ajfa-5431	359	12	–	–	PUNCT
ajfa-5431	359	13	fulfilling	fulfil	VERB
ajfa-5431	359	14	prophecy	prophecy	NOUN
ajfa-5431	359	15	.	.	PUNCT
ajfa-5431	360	1	australian	australian	ADJ
ajfa-5431	360	2	accountant	accountant	NOUN
ajfa-5431	360	3	,	,	PUNCT
ajfa-5431	360	4	22	22	NUM
ajfa-5431	360	5	-	-	SYM
ajfa-5431	360	6	23	23	NUM
ajfa-5431	360	7	.	.	PUNCT
ajfa-5431	361	1	asian	asian	ADJ
ajfa-5431	361	2	journal	journal	PROPN
ajfa-5431	361	3	of	of	ADP
ajfa-5431	361	4	finance	finance	PROPN
ajfa-5431	361	5	&	&	CCONJ
ajfa-5431	361	6	accounting	accounting	PROPN
ajfa-5431	361	7	issn	issn	PROPN
ajfa-5431	361	8	1946	1946	NUM
ajfa-5431	361	9	-	-	PUNCT
ajfa-5431	361	10	052x	052x	PROPN
ajfa-5431	361	11	2014	2014	NUM
ajfa-5431	361	12	,	,	PUNCT
ajfa-5431	361	13	vol	vol	NOUN
ajfa-5431	361	14	.	.	PROPN
ajfa-5431	361	15	6	6	NUM
ajfa-5431	361	16	,	,	PUNCT
ajfa-5431	361	17	no	no	INTJ
ajfa-5431	361	18	.	.	NOUN
ajfa-5431	361	19	1	1	NUM
ajfa-5431	361	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-5431	361	21	322	322	NUM
ajfa-5431	361	22	zmijewski	zmijewski	NOUN
ajfa-5431	361	23	,	,	PUNCT
ajfa-5431	361	24	m.	m.	NOUN
ajfa-5431	361	25	(	(	PUNCT
ajfa-5431	361	26	1984	1984	NUM
ajfa-5431	361	27	)	)	PUNCT
ajfa-5431	361	28	.	.	PUNCT
ajfa-5431	362	1	methodological	methodological	ADJ
ajfa-5431	362	2	issues	issue	NOUN
ajfa-5431	362	3	related	relate	VERB
ajfa-5431	362	4	to	to	ADP
ajfa-5431	362	5	the	the	DET
ajfa-5431	362	6	estimation	estimation	NOUN
ajfa-5431	362	7	of	of	ADP
ajfa-5431	362	8	financial	financial	ADJ
ajfa-5431	362	9	distress	distress	NOUN
ajfa-5431	362	10	prediction	prediction	NOUN
ajfa-5431	362	11	model	model	NOUN
ajfa-5431	362	12	.	.	PUNCT
ajfa-5431	363	1	journal	journal	PROPN
ajfa-5431	363	2	of	of	ADP
ajfa-5431	363	3	accounting	accounting	NOUN
ajfa-5431	363	4	research	research	NOUN
ajfa-5431	363	5	,	,	PUNCT
ajfa-5431	363	6	22(supplement	22(supplement	NUM
ajfa-5431	363	7	)	)	PUNCT
ajfa-5431	363	8	,	,	PUNCT
ajfa-5431	363	9	59	59	NUM
ajfa-5431	363	10	-	-	SYM
ajfa-5431	363	11	82	82	NUM
ajfa-5431	363	12	.	.	PUNCT