id	sid	tid	token	lemma	pos
ajfa-6010	1	1	microsoft	microsoft	PROPN
ajfa-6010	1	2	word	word	PROPN
ajfa-6010	1	3	evaluation	evaluation	NOUN
ajfa-6010	1	4	of	of	ADP
ajfa-6010	1	5	return	return	NOUN
ajfa-6010	1	6	-	-	PUNCT
ajfa-6010	1	7	writer2	writer2	VERB
ajfa-6010	1	8	-	-	ADJ
ajfa-6010	1	9	new	new	ADJ
ajfa-6010	1	10	asian	asian	ADJ
ajfa-6010	1	11	journal	journal	NOUN
ajfa-6010	1	12	of	of	ADP
ajfa-6010	1	13	finance	finance	PROPN
ajfa-6010	1	14	&	&	CCONJ
ajfa-6010	1	15	accounting	accounting	PROPN
ajfa-6010	1	16	issn	issn	PROPN
ajfa-6010	1	17	1946	1946	NUM
ajfa-6010	1	18	-	-	PUNCT
ajfa-6010	1	19	052x	052x	PROPN
ajfa-6010	1	20	2014	2014	NUM
ajfa-6010	1	21	,	,	PUNCT
ajfa-6010	1	22	vol	vol	NOUN
ajfa-6010	1	23	.	.	PROPN
ajfa-6010	2	1	6	6	NUM
ajfa-6010	2	2	,	,	PUNCT
ajfa-6010	2	3	no	no	INTJ
ajfa-6010	2	4	.	.	NOUN
ajfa-6010	2	5	2	2	NUM
ajfa-6010	2	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6010	2	7	407	407	NUM
ajfa-6010	2	8	evaluation	evaluation	NOUN
ajfa-6010	2	9	of	of	ADP
ajfa-6010	2	10	return	return	NOUN
ajfa-6010	2	11	mean	mean	NOUN
ajfa-6010	2	12	and	and	CCONJ
ajfa-6010	2	13	stock	stock	NOUN
ajfa-6010	2	14	surplus	surplus	NOUN
ajfa-6010	2	15	return	return	NOUN
ajfa-6010	2	16	mean	mean	NOUN
ajfa-6010	2	17	with	with	ADP
ajfa-6010	2	18	two	two	NUM
ajfa-6010	2	19	approaches	approach	NOUN
ajfa-6010	2	20	of	of	ADP
ajfa-6010	2	21	traditional	traditional	ADJ
ajfa-6010	2	22	risk	risk	NOUN
ajfa-6010	2	23	and	and	CCONJ
ajfa-6010	2	24	downside	downside	ADJ
ajfa-6010	2	25	risk	risk	NOUN
ajfa-6010	2	26	dr	dr	PROPN
ajfa-6010	2	27	.	.	PROPN
ajfa-6010	2	28	ebrahim	ebrahim	PROPN
ajfa-6010	2	29	abbasi	abbasi	PROPN
ajfa-6010	2	30	associate	associate	PROPN
ajfa-6010	2	31	professor	professor	PROPN
ajfa-6010	2	32	,	,	PUNCT
ajfa-6010	2	33	alzahra	alzahra	PROPN
ajfa-6010	2	34	university	university	PROPN
ajfa-6010	2	35	,	,	PUNCT
ajfa-6010	2	36	iran	iran	PROPN
ajfa-6010	2	37	faculty	faculty	NOUN
ajfa-6010	2	38	of	of	ADP
ajfa-6010	2	39	economic	economic	ADJ
ajfa-6010	2	40	and	and	CCONJ
ajfa-6010	2	41	social	social	ADJ
ajfa-6010	2	42	sciences	science	NOUN
ajfa-6010	2	43	,	,	PUNCT
ajfa-6010	2	44	alzahra	alzahra	PROPN
ajfa-6010	2	45	university	university	PROPN
ajfa-6010	2	46	,	,	PUNCT
ajfa-6010	2	47	tehran	tehran	PROPN
ajfa-6010	2	48	,	,	PUNCT
ajfa-6010	2	49	iran	iran	PROPN
ajfa-6010	2	50	e	e	NOUN
ajfa-6010	2	51	-	-	NOUN
ajfa-6010	2	52	mail	mail	NOUN
ajfa-6010	2	53	:	:	PUNCT
ajfa-6010	2	54	abbasiebrahim2000@yahoo.com	abbasiebrahim2000@yahoo.com	X
ajfa-6010	2	55	hanieh	hanieh	PROPN
ajfa-6010	2	56	sadat	sadat	PROPN
ajfa-6010	2	57	hoseini	hoseini	PROPN
ajfa-6010	2	58	department	department	PROPN
ajfa-6010	2	59	of	of	ADP
ajfa-6010	2	60	accounting	accounting	PROPN
ajfa-6010	2	61	,	,	PUNCT
ajfa-6010	2	62	islamic	islamic	PROPN
ajfa-6010	2	63	azad	azad	PROPN
ajfa-6010	2	64	university	university	PROPN
ajfa-6010	2	65	kalaleh	kalaleh	NOUN
ajfa-6010	2	66	,	,	PUNCT
ajfa-6010	2	67	iran	iran	PROPN
ajfa-6010	2	68	e	e	NOUN
ajfa-6010	2	69	-	-	NOUN
ajfa-6010	2	70	mail	mail	NOUN
ajfa-6010	2	71	:	:	PUNCT
ajfa-6010	2	72	hosseini.k.s@gmail.com	hosseini.k.s@gmail.com	X
ajfa-6010	2	73	amir	amir	PROPN
ajfa-6010	2	74	mohammadzadeh	mohammadzadeh	PROPN
ajfa-6010	2	75	(	(	PUNCT
ajfa-6010	2	76	corresponding	correspond	VERB
ajfa-6010	2	77	author	author	NOUN
ajfa-6010	2	78	)	)	PUNCT
ajfa-6010	2	79	department	department	NOUN
ajfa-6010	2	80	of	of	ADP
ajfa-6010	2	81	insurance	insurance	PROPN
ajfa-6010	2	82	&	&	CCONJ
ajfa-6010	2	83	financial	financial	ADJ
ajfa-6010	2	84	management	management	NOUN
ajfa-6010	2	85	,	,	PUNCT
ajfa-6010	2	86	university	university	NOUN
ajfa-6010	2	87	of	of	ADP
ajfa-6010	2	88	tehran	tehran	PROPN
ajfa-6010	2	89	,	,	PUNCT
ajfa-6010	2	90	iran	iran	PROPN
ajfa-6010	2	91	e	e	NOUN
ajfa-6010	2	92	-	-	NOUN
ajfa-6010	2	93	mail	mail	NOUN
ajfa-6010	2	94	:	:	PUNCT
ajfa-6010	3	1	amir.mohammad@alumni.ut.ac.ir	amir.mohammad@alumni.ut.ac.ir	X
ajfa-6010	3	2	.	.	PROPN
ajfa-6010	4	1	received	receive	VERB
ajfa-6010	4	2	:	:	PUNCT
ajfa-6010	4	3	july	july	PROPN
ajfa-6010	4	4	22	22	NUM
ajfa-6010	4	5	,	,	PUNCT
ajfa-6010	4	6	2013	2013	NUM
ajfa-6010	4	7	accepted	accept	VERB
ajfa-6010	4	8	:	:	PUNCT
ajfa-6010	4	9	nov	nov	PROPN
ajfa-6010	4	10	.	.	PROPN
ajfa-6010	4	11	23	23	NUM
ajfa-6010	4	12	,	,	PUNCT
ajfa-6010	4	13	2014	2014	NUM
ajfa-6010	4	14	published	publish	VERB
ajfa-6010	4	15	:	:	PUNCT
ajfa-6010	4	16	december	december	PROPN
ajfa-6010	4	17	1	1	NUM
ajfa-6010	4	18	,	,	PUNCT
ajfa-6010	4	19	2014	2014	NUM
ajfa-6010	4	20	doi:10.5296	doi:10.5296	NOUN
ajfa-6010	4	21	/	/	SYM
ajfa-6010	4	22	ajfa.v6i2.6010	ajfa.v6i2.6010	PROPN
ajfa-6010	4	23	url	url	PROPN
ajfa-6010	4	24	:	:	PUNCT
ajfa-6010	4	25	http://dx.doi.org/10.5296/ajfa.v6i2.6010	http://dx.doi.org/10.5296/ajfa.v6i2.6010	PROPN
ajfa-6010	4	26	abstract	abstract	ADP
ajfa-6010	4	27	this	this	DET
ajfa-6010	4	28	study	study	NOUN
ajfa-6010	4	29	aims	aim	VERB
ajfa-6010	4	30	to	to	PART
ajfa-6010	4	31	compare	compare	VERB
ajfa-6010	4	32	performance	performance	NOUN
ajfa-6010	4	33	of	of	ADP
ajfa-6010	4	34	indexes	index	NOUN
ajfa-6010	4	35	of	of	ADP
ajfa-6010	4	36	traditional	traditional	ADJ
ajfa-6010	4	37	risk	risk	NOUN
ajfa-6010	4	38	(	(	PUNCT
ajfa-6010	4	39	variance	variance	NOUN
ajfa-6010	4	40	and	and	CCONJ
ajfa-6010	4	41	traditional	traditional	ADJ
ajfa-6010	4	42	beta	beta	NOUN
ajfa-6010	4	43	)	)	PUNCT
ajfa-6010	4	44	and	and	CCONJ
ajfa-6010	4	45	indexes	index	NOUN
ajfa-6010	4	46	of	of	ADP
ajfa-6010	4	47	downside	downside	ADJ
ajfa-6010	4	48	risk	risk	NOUN
ajfa-6010	4	49	(	(	PUNCT
ajfa-6010	4	50	semi	semi	ADJ
ajfa-6010	4	51	-	-	NOUN
ajfa-6010	4	52	variance	variance	NOUN
ajfa-6010	4	53	and	and	CCONJ
ajfa-6010	4	54	downsize	downsize	VERB
ajfa-6010	4	55	beta	beta	NOUN
ajfa-6010	4	56	)	)	PUNCT
ajfa-6010	4	57	to	to	PART
ajfa-6010	4	58	evaluate	evaluate	VERB
ajfa-6010	4	59	risk	risk	NOUN
ajfa-6010	4	60	and	and	CCONJ
ajfa-6010	4	61	better	well	ADJ
ajfa-6010	4	62	evaluation	evaluation	NOUN
ajfa-6010	4	63	of	of	ADP
ajfa-6010	4	64	return	return	NOUN
ajfa-6010	4	65	and	and	CCONJ
ajfa-6010	4	66	stock	stock	NOUN
ajfa-6010	4	67	surplus	surplus	NOUN
ajfa-6010	4	68	return	return	NOUN
ajfa-6010	4	69	in	in	ADP
ajfa-6010	4	70	tehran	tehran	PROPN
ajfa-6010	4	71	stock	stock	PROPN
ajfa-6010	4	72	exchange	exchange	PROPN
ajfa-6010	4	73	market	market	NOUN
ajfa-6010	4	74	.	.	PUNCT
ajfa-6010	5	1	the	the	DET
ajfa-6010	5	2	statistical	statistical	ADJ
ajfa-6010	5	3	sample	sample	NOUN
ajfa-6010	5	4	contains	contain	VERB
ajfa-6010	5	5	60	60	NUM
ajfa-6010	5	6	firms	firm	NOUN
ajfa-6010	5	7	from	from	ADP
ajfa-6010	5	8	2005	2005	NUM
ajfa-6010	5	9	to	to	ADP
ajfa-6010	5	10	2009	2009	NUM
ajfa-6010	5	11	with	with	ADP
ajfa-6010	5	12	panel	panel	NOUN
ajfa-6010	5	13	data	datum	NOUN
ajfa-6010	5	14	pattern	pattern	NOUN
ajfa-6010	5	15	.	.	PUNCT
ajfa-6010	6	1	to	to	PART
ajfa-6010	6	2	test	test	VERB
ajfa-6010	6	3	the	the	DET
ajfa-6010	6	4	comparison	comparison	NOUN
ajfa-6010	6	5	between	between	ADP
ajfa-6010	6	6	the	the	DET
ajfa-6010	6	7	two	two	NUM
ajfa-6010	6	8	indexes	index	NOUN
ajfa-6010	6	9	of	of	ADP
ajfa-6010	6	10	traditional	traditional	ADJ
ajfa-6010	6	11	and	and	CCONJ
ajfa-6010	6	12	downside	downside	ADJ
ajfa-6010	6	13	risk	risk	NOUN
ajfa-6010	6	14	,	,	PUNCT
ajfa-6010	6	15	linear	linear	ADJ
ajfa-6010	6	16	regression	regression	NOUN
ajfa-6010	6	17	has	have	AUX
ajfa-6010	6	18	been	be	AUX
ajfa-6010	6	19	used	use	VERB
ajfa-6010	6	20	.	.	PUNCT
ajfa-6010	7	1	the	the	DET
ajfa-6010	7	2	results	result	NOUN
ajfa-6010	7	3	show	show	VERB
ajfa-6010	7	4	that	that	SCONJ
ajfa-6010	7	5	downside	downside	ADJ
ajfa-6010	7	6	risk	risk	NOUN
ajfa-6010	7	7	evaluates	evaluate	VERB
ajfa-6010	7	8	stock	stock	NOUN
ajfa-6010	7	9	return	return	NOUN
ajfa-6010	7	10	mean	mean	VERB
ajfa-6010	7	11	better	well	ADV
ajfa-6010	7	12	than	than	ADP
ajfa-6010	7	13	traditional	traditional	ADJ
ajfa-6010	7	14	risk	risk	NOUN
ajfa-6010	7	15	does	do	VERB
ajfa-6010	7	16	.	.	PUNCT
ajfa-6010	8	1	in	in	ADP
ajfa-6010	8	2	addition	addition	NOUN
ajfa-6010	8	3	,	,	PUNCT
ajfa-6010	8	4	downside	downside	ADJ
ajfa-6010	8	5	risk	risk	NOUN
ajfa-6010	8	6	evaluates	evaluate	VERB
ajfa-6010	8	7	stock	stock	NOUN
ajfa-6010	8	8	surplus	surplus	NOUN
ajfa-6010	8	9	return	return	VERB
ajfa-6010	8	10	better	well	ADV
ajfa-6010	8	11	than	than	ADP
ajfa-6010	8	12	traditional	traditional	ADJ
ajfa-6010	8	13	risk	risk	NOUN
ajfa-6010	8	14	.	.	PUNCT
ajfa-6010	9	1	keywords	keyword	NOUN
ajfa-6010	9	2	:	:	PUNCT
ajfa-6010	9	3	d	d	X
ajfa-6010	9	4	-	-	PUNCT
ajfa-6010	9	5	capm	capm	ADJ
ajfa-6010	9	6	,	,	PUNCT
ajfa-6010	9	7	downside	downside	ADJ
ajfa-6010	9	8	risk	risk	NOUN
ajfa-6010	9	9	,	,	PUNCT
ajfa-6010	9	10	downside	downside	ADJ
ajfa-6010	9	11	beta	beta	NOUN
ajfa-6010	9	12	,	,	PUNCT
ajfa-6010	9	13	semi	semi	ADJ
ajfa-6010	9	14	-	-	NOUN
ajfa-6010	9	15	variance	variance	NOUN
ajfa-6010	9	16	,	,	PUNCT
ajfa-6010	9	17	traditional	traditional	ADJ
ajfa-6010	9	18	beta	beta	ADJ
ajfa-6010	9	19	asian	asian	ADJ
ajfa-6010	9	20	journal	journal	NOUN
ajfa-6010	9	21	of	of	ADP
ajfa-6010	9	22	finance	finance	PROPN
ajfa-6010	9	23	&	&	CCONJ
ajfa-6010	9	24	accounting	accounting	PROPN
ajfa-6010	9	25	issn	issn	PROPN
ajfa-6010	9	26	1946	1946	NUM
ajfa-6010	9	27	-	-	PUNCT
ajfa-6010	9	28	052x	052x	PROPN
ajfa-6010	9	29	2014	2014	NUM
ajfa-6010	9	30	,	,	PUNCT
ajfa-6010	9	31	vol	vol	NOUN
ajfa-6010	9	32	.	.	PROPN
ajfa-6010	9	33	6	6	NUM
ajfa-6010	9	34	,	,	PUNCT
ajfa-6010	9	35	no	no	INTJ
ajfa-6010	9	36	.	.	NOUN
ajfa-6010	9	37	2	2	NUM
ajfa-6010	9	38	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6010	9	39	408	408	NUM
ajfa-6010	9	40	1	1	NUM
ajfa-6010	9	41	.	.	PUNCT
ajfa-6010	10	1	introduction	introduction	NOUN
ajfa-6010	10	2	investment	investment	NOUN
ajfa-6010	10	3	,	,	PUNCT
ajfa-6010	10	4	as	as	ADP
ajfa-6010	10	5	an	an	DET
ajfa-6010	10	6	economical	economical	ADJ
ajfa-6010	10	7	decision	decision	NOUN
ajfa-6010	10	8	,	,	PUNCT
ajfa-6010	10	9	has	have	AUX
ajfa-6010	10	10	always	always	ADV
ajfa-6010	10	11	had	have	VERB
ajfa-6010	10	12	two	two	NUM
ajfa-6010	10	13	components	component	NOUN
ajfa-6010	10	14	of	of	ADP
ajfa-6010	10	15	risk	risk	NOUN
ajfa-6010	10	16	and	and	CCONJ
ajfa-6010	10	17	return	return	NOUN
ajfa-6010	10	18	,	,	PUNCT
ajfa-6010	10	19	and	and	CCONJ
ajfa-6010	10	20	interchanging	interchange	VERB
ajfa-6010	10	21	of	of	ADP
ajfa-6010	10	22	these	these	DET
ajfa-6010	10	23	two	two	NUM
ajfa-6010	10	24	brings	bring	VERB
ajfa-6010	10	25	about	about	ADP
ajfa-6010	10	26	investment	investment	NOUN
ajfa-6010	10	27	various	various	ADJ
ajfa-6010	10	28	blends	blend	NOUN
ajfa-6010	10	29	.	.	PUNCT
ajfa-6010	11	1	investors	investor	NOUN
ajfa-6010	11	2	seek	seek	VERB
ajfa-6010	11	3	to	to	PART
ajfa-6010	11	4	maximize	maximize	VERB
ajfa-6010	11	5	their	their	PRON
ajfa-6010	11	6	own	own	ADJ
ajfa-6010	11	7	income	income	NOUN
ajfa-6010	11	8	from	from	ADP
ajfa-6010	11	9	investment	investment	NOUN
ajfa-6010	11	10	,	,	PUNCT
ajfa-6010	11	11	and	and	CCONJ
ajfa-6010	11	12	on	on	ADP
ajfa-6010	11	13	the	the	DET
ajfa-6010	11	14	other	other	ADJ
ajfa-6010	11	15	hand	hand	NOUN
ajfa-6010	11	16	,	,	PUNCT
ajfa-6010	11	17	they	they	PRON
ajfa-6010	11	18	encounter	encounter	VERB
ajfa-6010	11	19	uncertainty	uncertainty	NOUN
ajfa-6010	11	20	on	on	ADP
ajfa-6010	11	21	financial	financial	ADJ
ajfa-6010	11	22	markets	market	NOUN
ajfa-6010	11	23	,	,	PUNCT
ajfa-6010	11	24	the	the	DET
ajfa-6010	11	25	latter	latter	NOUN
ajfa-6010	11	26	makes	make	VERB
ajfa-6010	11	27	access	access	NOUN
ajfa-6010	11	28	to	to	ADP
ajfa-6010	11	29	investment	investment	NOUN
ajfa-6010	11	30	earnings	earning	NOUN
ajfa-6010	11	31	uncertain	uncertain	ADJ
ajfa-6010	11	32	.	.	PUNCT
ajfa-6010	12	1	in	in	ADP
ajfa-6010	12	2	other	other	ADJ
ajfa-6010	12	3	words	word	NOUN
ajfa-6010	12	4	,	,	PUNCT
ajfa-6010	12	5	all	all	DET
ajfa-6010	12	6	investment	investment	NOUN
ajfa-6010	12	7	decisions	decision	NOUN
ajfa-6010	12	8	happen	happen	VERB
ajfa-6010	12	9	based	base	VERB
ajfa-6010	12	10	on	on	ADP
ajfa-6010	12	11	relationships	relationship	NOUN
ajfa-6010	12	12	of	of	ADP
ajfa-6010	12	13	risk	risk	NOUN
ajfa-6010	12	14	and	and	CCONJ
ajfa-6010	12	15	return	return	NOUN
ajfa-6010	12	16	.	.	PUNCT
ajfa-6010	13	1	risk	risk	NOUN
ajfa-6010	13	2	and	and	CCONJ
ajfa-6010	13	3	return	return	NOUN
ajfa-6010	13	4	have	have	VERB
ajfa-6010	13	5	direct	direct	ADJ
ajfa-6010	13	6	relationship	relationship	NOUN
ajfa-6010	13	7	with	with	ADP
ajfa-6010	13	8	each	each	DET
ajfa-6010	13	9	other	other	ADJ
ajfa-6010	13	10	.	.	PUNCT
ajfa-6010	14	1	dictionary	dictionary	ADJ
ajfa-6010	14	2	defines	define	VERB
ajfa-6010	14	3	investment	investment	NOUN
ajfa-6010	14	4	risk	risk	NOUN
ajfa-6010	14	5	as	as	ADP
ajfa-6010	14	6	potential	potential	ADJ
ajfa-6010	14	7	loss	loss	NOUN
ajfa-6010	14	8	of	of	ADP
ajfa-6010	14	9	investment	investment	NOUN
ajfa-6010	14	10	which	which	PRON
ajfa-6010	14	11	can	can	AUX
ajfa-6010	14	12	be	be	AUX
ajfa-6010	14	13	calculated	calculate	VERB
ajfa-6010	14	14	.	.	PUNCT
ajfa-6010	15	1	financial	financial	ADJ
ajfa-6010	15	2	and	and	CCONJ
ajfa-6010	15	3	arithmetic	arithmetic	ADJ
ajfa-6010	15	4	amount	amount	NOUN
ajfa-6010	15	5	of	of	ADP
ajfa-6010	15	6	risk	risk	NOUN
ajfa-6010	15	7	equals	equal	VERB
ajfa-6010	15	8	probability	probability	NOUN
ajfa-6010	15	9	distribution	distribution	NOUN
ajfa-6010	15	10	of	of	ADP
ajfa-6010	15	11	each	each	DET
ajfa-6010	15	12	investment	investment	NOUN
ajfa-6010	15	13	.	.	PUNCT
ajfa-6010	16	1	weston	weston	PROPN
ajfa-6010	16	2	and	and	CCONJ
ajfa-6010	16	3	bigam	bigam	PROPN
ajfa-6010	16	4	believe	believe	VERB
ajfa-6010	16	5	that	that	SCONJ
ajfa-6010	16	6	risk	risk	NOUN
ajfa-6010	16	7	of	of	ADP
ajfa-6010	16	8	an	an	DET
ajfa-6010	16	9	asset	asset	NOUN
ajfa-6010	16	10	is	be	AUX
ajfa-6010	16	11	the	the	DET
ajfa-6010	16	12	result	result	NOUN
ajfa-6010	16	13	of	of	ADP
ajfa-6010	16	14	probable	probable	ADJ
ajfa-6010	16	15	changes	change	NOUN
ajfa-6010	16	16	of	of	ADP
ajfa-6010	16	17	future	future	ADJ
ajfa-6010	16	18	return	return	NOUN
ajfa-6010	16	19	of	of	ADP
ajfa-6010	16	20	that	that	DET
ajfa-6010	16	21	asset	asset	NOUN
ajfa-6010	16	22	.	.	PUNCT
ajfa-6010	17	1	as	as	SCONJ
ajfa-6010	17	2	assets	asset	NOUN
ajfa-6010	17	3	return	return	VERB
ajfa-6010	17	4	distribution	distribution	NOUN
ajfa-6010	17	5	is	be	AUX
ajfa-6010	17	6	not	not	PART
ajfa-6010	17	7	normal	normal	ADJ
ajfa-6010	17	8	and	and	CCONJ
ajfa-6010	17	9	there	there	PRON
ajfa-6010	17	10	is	be	VERB
ajfa-6010	17	11	skewdness	skewdness	NOUN
ajfa-6010	17	12	in	in	ADP
ajfa-6010	17	13	returns	return	NOUN
ajfa-6010	17	14	distribution	distribution	NOUN
ajfa-6010	17	15	,	,	PUNCT
ajfa-6010	17	16	variance	variance	NOUN
ajfa-6010	17	17	can	can	AUX
ajfa-6010	17	18	not	not	PART
ajfa-6010	17	19	be	be	AUX
ajfa-6010	17	20	used	use	VERB
ajfa-6010	17	21	.	.	PUNCT
ajfa-6010	18	1	therefore	therefore	ADV
ajfa-6010	18	2	,	,	PUNCT
ajfa-6010	18	3	in	in	ADP
ajfa-6010	18	4	postmodern	postmodern	ADJ
ajfa-6010	18	5	theory	theory	NOUN
ajfa-6010	18	6	of	of	ADP
ajfa-6010	18	7	portfolio	portfolio	NOUN
ajfa-6010	18	8	,	,	PUNCT
ajfa-6010	18	9	return	return	VERB
ajfa-6010	18	10	semi	semi	ADJ
ajfa-6010	18	11	-	-	NOUN
ajfa-6010	18	12	variance	variance	NOUN
ajfa-6010	18	13	has	have	AUX
ajfa-6010	18	14	been	be	AUX
ajfa-6010	18	15	used	use	VERB
ajfa-6010	18	16	as	as	ADP
ajfa-6010	18	17	risk	risk	NOUN
ajfa-6010	18	18	index	index	NOUN
ajfa-6010	18	19	for	for	ADP
ajfa-6010	18	20	the	the	DET
ajfa-6010	18	21	following	follow	VERB
ajfa-6010	18	22	reasons	reason	NOUN
ajfa-6010	18	23	:	:	PUNCT
ajfa-6010	18	24	first	first	ADV
ajfa-6010	18	25	,	,	PUNCT
ajfa-6010	18	26	investors	investor	NOUN
ajfa-6010	18	27	do	do	AUX
ajfa-6010	18	28	not	not	PART
ajfa-6010	18	29	hate	hate	VERB
ajfa-6010	18	30	appropriate	appropriate	ADJ
ajfa-6010	18	31	(	(	PUNCT
ajfa-6010	18	32	positive	positive	ADJ
ajfa-6010	18	33	)	)	PUNCT
ajfa-6010	18	34	changes	change	NOUN
ajfa-6010	18	35	of	of	ADP
ajfa-6010	18	36	return	return	NOUN
ajfa-6010	18	37	,	,	PUNCT
ajfa-6010	18	38	but	but	CCONJ
ajfa-6010	18	39	they	they	PRON
ajfa-6010	18	40	only	only	ADV
ajfa-6010	18	41	hate	hate	VERB
ajfa-6010	18	42	downside	downside	ADJ
ajfa-6010	18	43	(	(	PUNCT
ajfa-6010	18	44	negative	negative	ADJ
ajfa-6010	18	45	)	)	PUNCT
ajfa-6010	18	46	changes	change	NOUN
ajfa-6010	18	47	.	.	PUNCT
ajfa-6010	19	1	second	second	ADJ
ajfa-6010	19	2	,	,	PUNCT
ajfa-6010	19	3	in	in	ADP
ajfa-6010	19	4	both	both	DET
ajfa-6010	19	5	situations	situation	NOUN
ajfa-6010	19	6	of	of	ADP
ajfa-6010	19	7	symmetric	symmetric	ADJ
ajfa-6010	19	8	and	and	CCONJ
ajfa-6010	19	9	asymmetric	asymmetric	ADJ
ajfa-6010	19	10	return	return	NOUN
ajfa-6010	19	11	distribution	distribution	NOUN
ajfa-6010	19	12	,	,	PUNCT
ajfa-6010	19	13	semi	semi	ADJ
ajfa-6010	19	14	-	-	NOUN
ajfa-6010	19	15	variance	variance	NOUN
ajfa-6010	19	16	can	can	AUX
ajfa-6010	19	17	indicate	indicate	VERB
ajfa-6010	19	18	the	the	DET
ajfa-6010	19	19	concept	concept	NOUN
ajfa-6010	19	20	of	of	ADP
ajfa-6010	19	21	risk	risk	NOUN
ajfa-6010	19	22	as	as	ADV
ajfa-6010	19	23	much	much	ADV
ajfa-6010	19	24	as	as	SCONJ
ajfa-6010	19	25	variance	variance	NOUN
ajfa-6010	19	26	does	do	VERB
ajfa-6010	19	27	.	.	PUNCT
ajfa-6010	20	1	this	this	DET
ajfa-6010	20	2	study	study	NOUN
ajfa-6010	20	3	is	be	AUX
ajfa-6010	20	4	different	different	ADJ
ajfa-6010	20	5	from	from	ADP
ajfa-6010	20	6	previous	previous	ADJ
ajfa-6010	20	7	studies	study	NOUN
ajfa-6010	20	8	at	at	ADP
ajfa-6010	20	9	time	time	NOUN
ajfa-6010	20	10	period	period	NOUN
ajfa-6010	20	11	,	,	PUNCT
ajfa-6010	20	12	using	use	VERB
ajfa-6010	20	13	panel	panel	NOUN
ajfa-6010	20	14	data	datum	NOUN
ajfa-6010	20	15	,	,	PUNCT
ajfa-6010	20	16	testing	test	VERB
ajfa-6010	20	17	second	second	ADJ
ajfa-6010	20	18	hypothesis	hypothesis	NOUN
ajfa-6010	20	19	model	model	NOUN
ajfa-6010	20	20	,	,	PUNCT
ajfa-6010	20	21	and	and	CCONJ
ajfa-6010	20	22	also	also	ADV
ajfa-6010	20	23	the	the	DET
ajfa-6010	20	24	fact	fact	NOUN
ajfa-6010	20	25	that	that	SCONJ
ajfa-6010	20	26	stock	stock	NOUN
ajfa-6010	20	27	return	return	NOUN
ajfa-6010	20	28	is	be	AUX
ajfa-6010	20	29	monthly	monthly	ADV
ajfa-6010	20	30	.	.	PUNCT
ajfa-6010	21	1	the	the	DET
ajfa-6010	21	2	structure	structure	NOUN
ajfa-6010	21	3	of	of	ADP
ajfa-6010	21	4	this	this	DET
ajfa-6010	21	5	study	study	NOUN
ajfa-6010	21	6	includes	include	VERB
ajfa-6010	21	7	theoretical	theoretical	ADJ
ajfa-6010	21	8	considerations	consideration	NOUN
ajfa-6010	21	9	,	,	PUNCT
ajfa-6010	21	10	and	and	CCONJ
ajfa-6010	21	11	research	research	NOUN
ajfa-6010	21	12	literature	literature	NOUN
ajfa-6010	21	13	,	,	PUNCT
ajfa-6010	21	14	research	research	NOUN
ajfa-6010	21	15	hypotheses	hypothesis	NOUN
ajfa-6010	21	16	,	,	PUNCT
ajfa-6010	21	17	research	research	NOUN
ajfa-6010	21	18	method	method	NOUN
ajfa-6010	21	19	,	,	PUNCT
ajfa-6010	21	20	statistical	statistical	ADJ
ajfa-6010	21	21	analysis	analysis	NOUN
ajfa-6010	21	22	,	,	PUNCT
ajfa-6010	21	23	and	and	CCONJ
ajfa-6010	21	24	hypothesis	hypothesis	NOUN
ajfa-6010	21	25	testing	testing	NOUN
ajfa-6010	21	26	,	,	PUNCT
ajfa-6010	21	27	conclusion	conclusion	NOUN
ajfa-6010	21	28	and	and	CCONJ
ajfa-6010	21	29	suggestions	suggestion	NOUN
ajfa-6010	21	30	for	for	ADP
ajfa-6010	21	31	further	further	ADJ
ajfa-6010	21	32	studies	study	NOUN
ajfa-6010	21	33	.	.	PUNCT
ajfa-6010	22	1	2	2	X
ajfa-6010	22	2	.	.	X
ajfa-6010	22	3	theoretical	theoretical	ADJ
ajfa-6010	22	4	considerations	consideration	NOUN
ajfa-6010	22	5	and	and	CCONJ
ajfa-6010	22	6	research	research	NOUN
ajfa-6010	22	7	literature	literature	NOUN
ajfa-6010	22	8	there	there	PRON
ajfa-6010	22	9	are	be	VERB
ajfa-6010	22	10	two	two	NUM
ajfa-6010	22	11	viewpoints	viewpoint	NOUN
ajfa-6010	22	12	for	for	ADP
ajfa-6010	22	13	definition	definition	NOUN
ajfa-6010	22	14	of	of	ADP
ajfa-6010	22	15	risk	risk	NOUN
ajfa-6010	22	16	:	:	PUNCT
ajfa-6010	22	17	first	first	ADJ
ajfa-6010	22	18	viewpoint	viewpoint	NOUN
ajfa-6010	22	19	:	:	PUNCT
ajfa-6010	22	20	risk	risk	NOUN
ajfa-6010	22	21	as	as	ADP
ajfa-6010	22	22	any	any	DET
ajfa-6010	22	23	possible	possible	ADJ
ajfa-6010	22	24	fluctuations	fluctuation	NOUN
ajfa-6010	22	25	in	in	ADP
ajfa-6010	22	26	future	future	ADJ
ajfa-6010	22	27	returns	return	NOUN
ajfa-6010	22	28	,	,	PUNCT
ajfa-6010	22	29	and	and	CCONJ
ajfa-6010	22	30	second	second	ADJ
ajfa-6010	22	31	viewpoint	viewpoint	NOUN
ajfa-6010	22	32	:	:	PUNCT
ajfa-6010	22	33	risk	risk	NOUN
ajfa-6010	22	34	as	as	ADP
ajfa-6010	22	35	any	any	DET
ajfa-6010	22	36	possible	possible	ADJ
ajfa-6010	22	37	negative	negative	ADJ
ajfa-6010	22	38	future	future	ADJ
ajfa-6010	22	39	fluctuations	fluctuation	NOUN
ajfa-6010	22	40	(	(	PUNCT
ajfa-6010	22	41	raí	raí	PROPN
ajfa-6010	22	42	,	,	PUNCT
ajfa-6010	22	43	r.	r.	PROPN
ajfa-6010	22	44	,	,	PUNCT
ajfa-6010	22	45	saídi	saídi	VERB
ajfa-6010	22	46	,	,	PUNCT
ajfa-6010	22	47	a	a	PRON
ajfa-6010	22	48	,	,	PUNCT
ajfa-6010	22	49	2004	2004	NUM
ajfa-6010	22	50	)	)	PUNCT
ajfa-6010	22	51	.	.	PUNCT
ajfa-6010	23	1	according	accord	VERB
ajfa-6010	23	2	to	to	ADP
ajfa-6010	23	3	these	these	DET
ajfa-6010	23	4	two	two	NUM
ajfa-6010	23	5	viewpoints	viewpoint	NOUN
ajfa-6010	23	6	,	,	PUNCT
ajfa-6010	23	7	modern	modern	ADJ
ajfa-6010	23	8	and	and	CCONJ
ajfa-6010	23	9	postmodern	postmodern	ADJ
ajfa-6010	23	10	theories	theory	NOUN
ajfa-6010	23	11	of	of	ADP
ajfa-6010	23	12	portfolio	portfolio	NOUN
ajfa-6010	23	13	have	have	AUX
ajfa-6010	23	14	been	be	AUX
ajfa-6010	23	15	shaped	shape	VERB
ajfa-6010	23	16	.	.	PUNCT
ajfa-6010	24	1	modern	modern	ADJ
ajfa-6010	24	2	theory	theory	NOUN
ajfa-6010	24	3	of	of	ADP
ajfa-6010	24	4	portfolio	portfolio	NOUN
ajfa-6010	24	5	deals	deal	NOUN
ajfa-6010	24	6	with	with	ADP
ajfa-6010	24	7	evaluating	evaluate	VERB
ajfa-6010	24	8	risk	risk	NOUN
ajfa-6010	24	9	from	from	ADP
ajfa-6010	24	10	first	first	ADJ
ajfa-6010	24	11	viewpoint	viewpoint	NOUN
ajfa-6010	24	12	,	,	PUNCT
ajfa-6010	24	13	based	base	VERB
ajfa-6010	24	14	on	on	ADP
ajfa-6010	24	15	which	which	PRON
ajfa-6010	24	16	the	the	DET
ajfa-6010	24	17	company	company	NOUN
ajfa-6010	24	18	risk	risk	NOUN
ajfa-6010	24	19	is	be	AUX
ajfa-6010	24	20	divided	divide	VERB
ajfa-6010	24	21	into	into	ADP
ajfa-6010	24	22	systematic	systematic	ADJ
ajfa-6010	24	23	(	(	PUNCT
ajfa-6010	24	24	unavoidable	unavoidable	ADJ
ajfa-6010	24	25	or	or	CCONJ
ajfa-6010	24	26	market	market	NOUN
ajfa-6010	24	27	risk	risk	NOUN
ajfa-6010	24	28	)	)	PUNCT
ajfa-6010	24	29	and	and	CCONJ
ajfa-6010	24	30	non	non	ADJ
ajfa-6010	24	31	-	-	ADJ
ajfa-6010	24	32	systematic	systematic	ADJ
ajfa-6010	24	33	(	(	PUNCT
ajfa-6010	24	34	avoidable	avoidable	ADJ
ajfa-6010	24	35	or	or	CCONJ
ajfa-6010	24	36	exclusive	exclusive	ADJ
ajfa-6010	24	37	risk	risk	NOUN
ajfa-6010	24	38	)	)	PUNCT
ajfa-6010	24	39	risk	risk	NOUN
ajfa-6010	24	40	.	.	PUNCT
ajfa-6010	25	1	from	from	ADP
ajfa-6010	25	2	this	this	DET
ajfa-6010	25	3	viewpoint	viewpoint	NOUN
ajfa-6010	25	4	,	,	PUNCT
ajfa-6010	25	5	evaluation	evaluation	NOUN
ajfa-6010	25	6	index	index	NOUN
ajfa-6010	25	7	of	of	ADP
ajfa-6010	25	8	systematic	systematic	ADJ
ajfa-6010	25	9	risk	risk	NOUN
ajfa-6010	25	10	is	be	AUX
ajfa-6010	25	11	(	(	PUNCT
ajfa-6010	25	12	β	β	NOUN
ajfa-6010	25	13	)	)	PUNCT
ajfa-6010	25	14	and	and	CCONJ
ajfa-6010	25	15	evaluation	evaluation	NOUN
ajfa-6010	25	16	criterion	criterion	NOUN
ajfa-6010	25	17	of	of	ADP
ajfa-6010	25	18	risk	risk	NOUN
ajfa-6010	25	19	is	be	AUX
ajfa-6010	25	20	variance	variance	NOUN
ajfa-6010	25	21	.	.	PUNCT
ajfa-6010	26	1	based	base	VERB
ajfa-6010	26	2	on	on	ADP
ajfa-6010	26	3	postmodern	postmodern	ADJ
ajfa-6010	26	4	theory	theory	NOUN
ajfa-6010	26	5	which	which	PRON
ajfa-6010	26	6	views	view	VERB
ajfa-6010	26	7	risk	risk	NOUN
ajfa-6010	26	8	as	as	ADP
ajfa-6010	26	9	potential	potential	ADJ
ajfa-6010	26	10	loss	loss	NOUN
ajfa-6010	26	11	(	(	PUNCT
ajfa-6010	26	12	possibility	possibility	NOUN
ajfa-6010	26	13	of	of	ADP
ajfa-6010	26	14	negative	negative	ADJ
ajfa-6010	26	15	fluctuations	fluctuation	NOUN
ajfa-6010	26	16	)	)	PUNCT
ajfa-6010	26	17	,	,	PUNCT
ajfa-6010	26	18	appropriate	appropriate	ADJ
ajfa-6010	26	19	changes	change	NOUN
ajfa-6010	26	20	(	(	PUNCT
ajfa-6010	26	21	increasing	increase	VERB
ajfa-6010	26	22	financial	financial	ADJ
ajfa-6010	26	23	assets	asset	NOUN
ajfa-6010	26	24	return	return	NOUN
ajfa-6010	26	25	rate	rate	NOUN
ajfa-6010	26	26	)	)	PUNCT
ajfa-6010	26	27	is	be	AUX
ajfa-6010	26	28	not	not	PART
ajfa-6010	26	29	considered	consider	VERB
ajfa-6010	26	30	as	as	ADP
ajfa-6010	26	31	risk	risk	NOUN
ajfa-6010	26	32	,	,	PUNCT
ajfa-6010	26	33	and	and	CCONJ
ajfa-6010	26	34	the	the	DET
ajfa-6010	26	35	observations	observation	NOUN
ajfa-6010	26	36	which	which	PRON
ajfa-6010	26	37	are	be	AUX
ajfa-6010	26	38	lower	low	ADJ
ajfa-6010	26	39	than	than	SCONJ
ajfa-6010	26	40	return	return	NOUN
ajfa-6010	26	41	mean	mean	NOUN
ajfa-6010	26	42	rate	rate	NOUN
ajfa-6010	26	43	are	be	AUX
ajfa-6010	26	44	considered	consider	VERB
ajfa-6010	26	45	as	as	ADP
ajfa-6010	26	46	risk	risk	NOUN
ajfa-6010	26	47	.	.	PUNCT
ajfa-6010	27	1	capital	capital	NOUN
ajfa-6010	27	2	assets	asset	NOUN
ajfa-6010	27	3	pricing	pricing	NOUN
ajfa-6010	27	4	model	model	NOUN
ajfa-6010	27	5	(	(	PUNCT
ajfa-6010	27	6	capm	capm	PROPN
ajfa-6010	27	7	)	)	PUNCT
ajfa-6010	27	8	has	have	AUX
ajfa-6010	27	9	been	be	AUX
ajfa-6010	27	10	modeled	model	VERB
ajfa-6010	27	11	based	base	VERB
ajfa-6010	27	12	on	on	ADP
ajfa-6010	27	13	the	the	DET
ajfa-6010	27	14	fact	fact	NOUN
ajfa-6010	27	15	that	that	SCONJ
ajfa-6010	27	16	investors	investor	NOUN
ajfa-6010	27	17	invest	invest	VERB
ajfa-6010	27	18	with	with	ADP
ajfa-6010	27	19	variance	variance	NOUN
ajfa-6010	27	20	-	-	PUNCT
ajfa-6010	27	21	mean	mean	ADJ
ajfa-6010	27	22	chart	chart	NOUN
ajfa-6010	27	23	.	.	PUNCT
ajfa-6010	28	1	this	this	DET
ajfa-6010	28	2	behavior	behavior	NOUN
ajfa-6010	28	3	chart	chart	NOUN
ajfa-6010	28	4	in	in	ADP
ajfa-6010	28	5	capm	capm	PROPN
ajfa-6010	28	6	reflects	reflect	VERB
ajfa-6010	28	7	a	a	DET
ajfa-6010	28	8	balance	balance	NOUN
ajfa-6010	28	9	in	in	ADP
ajfa-6010	28	10	which	which	PRON
ajfa-6010	28	11	investors	investor	NOUN
ajfa-6010	28	12	maximize	maximize	VERB
ajfa-6010	28	13	an	an	DET
ajfa-6010	28	14	appropriate	appropriate	ADJ
ajfa-6010	28	15	function	function	NOUN
ajfa-6010	28	16	which	which	PRON
ajfa-6010	28	17	depends	depend	VERB
ajfa-6010	28	18	on	on	ADP
ajfa-6010	28	19	two	two	NUM
ajfa-6010	28	20	parameters	parameter	NOUN
ajfa-6010	28	21	of	of	ADP
ajfa-6010	28	22	return	return	NOUN
ajfa-6010	28	23	and	and	CCONJ
ajfa-6010	28	24	variance	variance	NOUN
ajfa-6010	28	25	u	u	NOUN
ajfa-6010	28	26	=	=	NOUN
ajfa-6010	28	27	f(µ,ᵹ2	f(µ,ᵹ2	ADJ
ajfa-6010	28	28	)	)	PUNCT
ajfa-6010	28	29	.	.	PUNCT
ajfa-6010	29	1	this	this	DET
ajfa-6010	29	2	model	model	NOUN
ajfa-6010	29	3	based	base	VERB
ajfa-6010	29	4	on	on	ADP
ajfa-6010	29	5	different	different	ADJ
ajfa-6010	29	6	hypotheses	hypothesis	NOUN
ajfa-6010	29	7	,	,	PUNCT
ajfa-6010	29	8	tries	try	VERB
ajfa-6010	29	9	to	to	PART
ajfa-6010	29	10	explain	explain	VERB
ajfa-6010	29	11	investors	investor	NOUN
ajfa-6010	29	12	‘	'	PUNCT
ajfa-6010	29	13	behaviors	behavior	NOUN
ajfa-6010	29	14	in	in	ADP
ajfa-6010	29	15	assets	asset	NOUN
ajfa-6010	29	16	pricing	pricing	NOUN
ajfa-6010	29	17	.	.	PUNCT
ajfa-6010	30	1	its	its	PRON
ajfa-6010	30	2	main	main	ADJ
ajfa-6010	30	3	idea	idea	NOUN
ajfa-6010	30	4	is	be	AUX
ajfa-6010	30	5	that	that	SCONJ
ajfa-6010	30	6	an	an	DET
ajfa-6010	30	7	asset	asset	NOUN
ajfa-6010	30	8	price	price	NOUN
ajfa-6010	30	9	should	should	AUX
ajfa-6010	30	10	be	be	AUX
ajfa-6010	30	11	in	in	ADP
ajfa-6010	30	12	a	a	DET
ajfa-6010	30	13	way	way	NOUN
ajfa-6010	30	14	that	that	PRON
ajfa-6010	30	15	expected	expect	VERB
ajfa-6010	30	16	return	return	NOUN
ajfa-6010	30	17	makes	make	VERB
ajfa-6010	30	18	up	up	ADP
ajfa-6010	30	19	for	for	ADP
ajfa-6010	30	20	investors	investor	NOUN
ajfa-6010	30	21	‘	'	PUNCT
ajfa-6010	30	22	risk	risk	NOUN
ajfa-6010	30	23	.	.	PUNCT
ajfa-6010	31	1	asian	asian	ADJ
ajfa-6010	31	2	journal	journal	PROPN
ajfa-6010	31	3	of	of	ADP
ajfa-6010	31	4	finance	finance	PROPN
ajfa-6010	31	5	&	&	CCONJ
ajfa-6010	31	6	accounting	accounting	PROPN
ajfa-6010	31	7	issn	issn	PROPN
ajfa-6010	31	8	1946	1946	NUM
ajfa-6010	31	9	-	-	PUNCT
ajfa-6010	31	10	052x	052x	PROPN
ajfa-6010	31	11	2014	2014	NUM
ajfa-6010	31	12	,	,	PUNCT
ajfa-6010	31	13	vol	vol	NOUN
ajfa-6010	31	14	.	.	PROPN
ajfa-6010	32	1	6	6	NUM
ajfa-6010	32	2	,	,	PUNCT
ajfa-6010	32	3	no	no	INTJ
ajfa-6010	32	4	.	.	NOUN
ajfa-6010	32	5	2	2	NUM
ajfa-6010	32	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6010	32	7	409	409	NUM
ajfa-6010	32	8	capm	capm	PROPN
ajfa-6010	32	9	has	have	AUX
ajfa-6010	32	10	developed	develop	VERB
ajfa-6010	32	11	by	by	ADP
ajfa-6010	32	12	markwitz	markwitz	NOUN
ajfa-6010	32	13	.	.	PUNCT
ajfa-6010	33	1	one	one	NUM
ajfa-6010	33	2	of	of	ADP
ajfa-6010	33	3	the	the	DET
ajfa-6010	33	4	underlying	underlying	ADJ
ajfa-6010	33	5	concepts	concept	NOUN
ajfa-6010	33	6	of	of	ADP
ajfa-6010	33	7	capm	capm	PROPN
ajfa-6010	33	8	is	be	AUX
ajfa-6010	33	9	that	that	SCONJ
ajfa-6010	33	10	market	market	NOUN
ajfa-6010	33	11	situations	situation	NOUN
ajfa-6010	33	12	are	be	AUX
ajfa-6010	33	13	symmetric	symmetric	ADJ
ajfa-6010	33	14	,	,	PUNCT
ajfa-6010	33	15	and	and	CCONJ
ajfa-6010	33	16	there	there	PRON
ajfa-6010	33	17	is	be	VERB
ajfa-6010	33	18	an	an	DET
ajfa-6010	33	19	interface	interface	NOUN
ajfa-6010	33	20	between	between	ADP
ajfa-6010	33	21	risk	risk	NOUN
ajfa-6010	33	22	and	and	CCONJ
ajfa-6010	33	23	return	return	VERB
ajfa-6010	33	24	in	in	ADP
ajfa-6010	33	25	a	a	DET
ajfa-6010	33	26	way	way	NOUN
ajfa-6010	33	27	that	that	SCONJ
ajfa-6010	33	28	whenever	whenever	SCONJ
ajfa-6010	33	29	a	a	DET
ajfa-6010	33	30	high	high	ADJ
ajfa-6010	33	31	risk	risk	NOUN
ajfa-6010	33	32	is	be	AUX
ajfa-6010	33	33	accepted	accept	VERB
ajfa-6010	33	34	by	by	ADP
ajfa-6010	33	35	investor	investor	NOUN
ajfa-6010	33	36	,	,	PUNCT
ajfa-6010	33	37	a	a	DET
ajfa-6010	33	38	high	high	ADJ
ajfa-6010	33	39	return	return	NOUN
ajfa-6010	33	40	is	be	AUX
ajfa-6010	33	41	expected	expect	VERB
ajfa-6010	33	42	.	.	PUNCT
ajfa-6010	34	1	the	the	DET
ajfa-6010	34	2	idea	idea	NOUN
ajfa-6010	34	3	that	that	SCONJ
ajfa-6010	34	4	market	market	NOUN
ajfa-6010	34	5	is	be	AUX
ajfa-6010	34	6	symmetric	symmetric	ADJ
ajfa-6010	34	7	is	be	AUX
ajfa-6010	34	8	not	not	PART
ajfa-6010	34	9	true	true	ADJ
ajfa-6010	34	10	in	in	ADP
ajfa-6010	34	11	the	the	DET
ajfa-6010	34	12	model	model	NOUN
ajfa-6010	34	13	of	of	ADP
ajfa-6010	34	14	d	d	NOUN
ajfa-6010	34	15	-	-	NOUN
ajfa-6010	34	16	capm2	capm2	NOUN
ajfa-6010	34	17	which	which	PRON
ajfa-6010	34	18	is	be	AUX
ajfa-6010	34	19	an	an	DET
ajfa-6010	34	20	advanced	advanced	ADJ
ajfa-6010	34	21	version	version	NOUN
ajfa-6010	34	22	of	of	ADP
ajfa-6010	34	23	capm	capm	PROPN
ajfa-6010	34	24	,	,	PUNCT
ajfa-6010	34	25	it	it	PRON
ajfa-6010	34	26	means	mean	VERB
ajfa-6010	34	27	that	that	SCONJ
ajfa-6010	34	28	accepting	accept	VERB
ajfa-6010	34	29	more	more	ADJ
ajfa-6010	34	30	risk	risk	NOUN
ajfa-6010	34	31	which	which	PRON
ajfa-6010	34	32	is	be	AUX
ajfa-6010	34	33	expected	expect	VERB
ajfa-6010	34	34	to	to	PART
ajfa-6010	34	35	bring	bring	VERB
ajfa-6010	34	36	about	about	ADP
ajfa-6010	34	37	more	more	ADJ
ajfa-6010	34	38	return	return	NOUN
ajfa-6010	34	39	,	,	PUNCT
ajfa-6010	34	40	does	do	AUX
ajfa-6010	34	41	not	not	PART
ajfa-6010	34	42	necessarily	necessarily	ADV
ajfa-6010	34	43	bring	bring	VERB
ajfa-6010	34	44	about	about	ADP
ajfa-6010	34	45	more	more	ADJ
ajfa-6010	34	46	return	return	NOUN
ajfa-6010	34	47	.	.	PUNCT
ajfa-6010	35	1	conditions	condition	NOUN
ajfa-6010	35	2	of	of	ADP
ajfa-6010	35	3	market	market	NOUN
ajfa-6010	35	4	symmetry	symmetry	NOUN
ajfa-6010	35	5	are	be	AUX
ajfa-6010	35	6	derived	derive	VERB
ajfa-6010	35	7	from	from	ADP
ajfa-6010	35	8	the	the	DET
ajfa-6010	35	9	factors	factor	NOUN
ajfa-6010	35	10	that	that	PRON
ajfa-6010	35	11	not	not	PART
ajfa-6010	35	12	only	only	ADV
ajfa-6010	35	13	affect	affect	VERB
ajfa-6010	35	14	risk	risk	NOUN
ajfa-6010	35	15	,	,	PUNCT
ajfa-6010	35	16	but	but	CCONJ
ajfa-6010	35	17	influence	influence	NOUN
ajfa-6010	35	18	assets	asset	NOUN
ajfa-6010	35	19	expected	expect	VERB
ajfa-6010	35	20	return	return	NOUN
ajfa-6010	35	21	rate	rate	NOUN
ajfa-6010	35	22	.	.	PUNCT
ajfa-6010	36	1	hence	hence	ADV
ajfa-6010	36	2	,	,	PUNCT
ajfa-6010	36	3	there	there	PRON
ajfa-6010	36	4	is	be	VERB
ajfa-6010	36	5	no	no	DET
ajfa-6010	36	6	interface	interface	NOUN
ajfa-6010	36	7	between	between	ADP
ajfa-6010	36	8	risk	risk	NOUN
ajfa-6010	36	9	and	and	CCONJ
ajfa-6010	36	10	return	return	NOUN
ajfa-6010	36	11	.	.	PUNCT
ajfa-6010	37	1	the	the	DET
ajfa-6010	37	2	most	most	ADV
ajfa-6010	37	3	important	important	ADJ
ajfa-6010	37	4	cause	cause	NOUN
ajfa-6010	37	5	of	of	ADP
ajfa-6010	37	6	producing	produce	VERB
ajfa-6010	37	7	d	d	X
ajfa-6010	37	8	-	-	PUNCT
ajfa-6010	37	9	capm	capm	PROPN
ajfa-6010	37	10	is	be	AUX
ajfa-6010	37	11	that	that	DET
ajfa-6010	37	12	negative	negative	ADJ
ajfa-6010	37	13	risk	risk	NOUN
ajfa-6010	37	14	viewpoint	viewpoint	NOUN
ajfa-6010	37	15	,	,	PUNCT
ajfa-6010	37	16	and	and	CCONJ
ajfa-6010	37	17	semi	semi	ADJ
ajfa-6010	37	18	-	-	ADJ
ajfa-6010	37	19	variance	variance	ADJ
ajfa-6010	37	20	index	index	NOUN
ajfa-6010	37	21	is	be	AUX
ajfa-6010	37	22	not	not	PART
ajfa-6010	37	23	considered	consider	VERB
ajfa-6010	37	24	as	as	ADP
ajfa-6010	37	25	downside	downside	ADJ
ajfa-6010	37	26	risk	risk	NOUN
ajfa-6010	37	27	.	.	PUNCT
ajfa-6010	38	1	because	because	SCONJ
ajfa-6010	38	2	in	in	ADP
ajfa-6010	38	3	conditions	condition	NOUN
ajfa-6010	38	4	of	of	ADP
ajfa-6010	38	5	asymmetric	asymmetric	ADJ
ajfa-6010	38	6	market	market	NOUN
ajfa-6010	38	7	,	,	PUNCT
ajfa-6010	38	8	investors	investor	NOUN
ajfa-6010	38	9	run	run	VERB
ajfa-6010	38	10	away	away	ADV
ajfa-6010	38	11	just	just	ADV
ajfa-6010	38	12	from	from	ADP
ajfa-6010	38	13	falling	fall	VERB
ajfa-6010	38	14	and	and	CCONJ
ajfa-6010	38	15	negative	negative	ADJ
ajfa-6010	38	16	change	change	NOUN
ajfa-6010	38	17	.	.	PUNCT
ajfa-6010	39	1	in	in	ADP
ajfa-6010	39	2	addition	addition	NOUN
ajfa-6010	39	3	,	,	PUNCT
ajfa-6010	39	4	semi	semi	ADJ
ajfa-6010	39	5	-	-	NOUN
ajfa-6010	39	6	variance	variance	NOUN
ajfa-6010	39	7	is	be	AUX
ajfa-6010	39	8	obtained	obtain	VERB
ajfa-6010	39	9	from	from	ADP
ajfa-6010	39	10	blending	blend	VERB
ajfa-6010	39	11	information	information	NOUN
ajfa-6010	39	12	which	which	PRON
ajfa-6010	39	13	has	have	AUX
ajfa-6010	39	14	been	be	AUX
ajfa-6010	39	15	derived	derive	VERB
ajfa-6010	39	16	from	from	ADP
ajfa-6010	39	17	variance	variance	NOUN
ajfa-6010	39	18	and	and	CCONJ
ajfa-6010	39	19	skewdness	skewdness	NOUN
ajfa-6010	39	20	(	(	PUNCT
ajfa-6010	39	21	asymmetry	asymmetry	NOUN
ajfa-6010	39	22	)	)	PUNCT
ajfa-6010	39	23	.	.	PUNCT
ajfa-6010	40	1	in	in	ADP
ajfa-6010	40	2	these	these	DET
ajfa-6010	40	3	conditions	condition	NOUN
ajfa-6010	40	4	,	,	PUNCT
ajfa-6010	40	5	when	when	SCONJ
ajfa-6010	40	6	capm	capm	PROPN
ajfa-6010	40	7	is	be	AUX
ajfa-6010	40	8	mediated	mediate	VERB
ajfa-6010	40	9	,	,	PUNCT
ajfa-6010	40	10	the	the	DET
ajfa-6010	40	11	factors	factor	NOUN
ajfa-6010	40	12	which	which	PRON
ajfa-6010	40	13	have	have	AUX
ajfa-6010	40	14	been	be	AUX
ajfa-6010	40	15	applied	apply	VERB
ajfa-6010	40	16	in	in	ADP
ajfa-6010	40	17	such	such	ADJ
ajfa-6010	40	18	as	as	ADP
ajfa-6010	40	19	systematic	systematic	ADJ
ajfa-6010	40	20	risk	risk	NOUN
ajfa-6010	40	21	(	(	PUNCT
ajfa-6010	40	22	β	β	NOUN
ajfa-6010	40	23	)	)	PUNCT
ajfa-6010	40	24	should	should	AUX
ajfa-6010	40	25	also	also	ADV
ajfa-6010	40	26	be	be	AUX
ajfa-6010	40	27	mediated	mediate	VERB
ajfa-6010	40	28	,	,	PUNCT
ajfa-6010	40	29	and	and	CCONJ
ajfa-6010	40	30	downside	downside	ADJ
ajfa-6010	40	31	beta	beta	NOUN
ajfa-6010	40	32	should	should	AUX
ajfa-6010	40	33	be	be	AUX
ajfa-6010	40	34	replaced	replace	VERB
ajfa-6010	40	35	with	with	ADP
ajfa-6010	40	36	that	that	PRON
ajfa-6010	40	37	.	.	PUNCT
ajfa-6010	41	1	semi	semi	ADJ
ajfa-6010	41	2	-	-	NOUN
ajfa-6010	41	3	variance	variance	NOUN
ajfa-6010	41	4	and	and	CCONJ
ajfa-6010	41	5	semi	semi	ADJ
ajfa-6010	41	6	-	-	ADJ
ajfa-6010	41	7	standard	standard	ADJ
ajfa-6010	41	8	deviation	deviation	NOUN
ajfa-6010	41	9	have	have	AUX
ajfa-6010	41	10	been	be	AUX
ajfa-6010	41	11	presented	present	VERB
ajfa-6010	41	12	as	as	ADP
ajfa-6010	41	13	downside	downside	ADJ
ajfa-6010	41	14	risk	risk	NOUN
ajfa-6010	41	15	with	with	ADP
ajfa-6010	41	16	two	two	NUM
ajfa-6010	41	17	papers	paper	NOUN
ajfa-6010	41	18	by	by	ADP
ajfa-6010	41	19	markwitz	markwitz	NOUN
ajfa-6010	41	20	and	and	CCONJ
ajfa-6010	41	21	ry	ry	NOUN
ajfa-6010	41	22	.	.	PUNCT
ajfa-6010	42	1	a	a	DET
ajfa-6010	42	2	criterion	criterion	NOUN
ajfa-6010	42	3	which	which	PRON
ajfa-6010	42	4	deals	deal	VERB
ajfa-6010	42	5	with	with	ADP
ajfa-6010	42	6	only	only	ADJ
ajfa-6010	42	7	deviations	deviation	NOUN
ajfa-6010	42	8	lower	low	ADJ
ajfa-6010	42	9	than	than	SCONJ
ajfa-6010	42	10	mean	mean	VERB
ajfa-6010	42	11	.	.	PUNCT
ajfa-6010	43	1	markwitz	markwitz	PROPN
ajfa-6010	43	2	offered	offer	VERB
ajfa-6010	43	3	two	two	NUM
ajfa-6010	43	4	different	different	ADJ
ajfa-6010	43	5	bases	basis	NOUN
ajfa-6010	43	6	for	for	ADP
ajfa-6010	43	7	obtaining	obtain	VERB
ajfa-6010	43	8	semi	semi	ADJ
ajfa-6010	43	9	-	-	NOUN
ajfa-6010	43	10	variance	variance	NOUN
ajfa-6010	43	11	:	:	PUNCT
ajfa-6010	44	1	1	1	X
ajfa-6010	44	2	.	.	X
ajfa-6010	44	3	below	below	ADP
ajfa-6010	44	4	-	-	PUNCT
ajfa-6010	44	5	mean	mean	VERB
ajfa-6010	44	6	semi	semi	ADJ
ajfa-6010	44	7	-	-	ADJ
ajfa-6010	44	8	variance	variance	ADJ
ajfa-6010	44	9	rate	rate	NOUN
ajfa-6010	44	10	which	which	PRON
ajfa-6010	44	11	is	be	AUX
ajfa-6010	44	12	total	total	NOUN
ajfa-6010	44	13	of	of	ADP
ajfa-6010	44	14	deviation	deviation	NOUN
ajfa-6010	44	15	from	from	ADP
ajfa-6010	44	16	return	return	NOUN
ajfa-6010	44	17	mean	mean	NOUN
ajfa-6010	44	18	rate	rate	NOUN
ajfa-6010	44	19	.	.	PUNCT
ajfa-6010	45	1	2	2	X
ajfa-6010	45	2	.	.	X
ajfa-6010	45	3	target	target	NOUN
ajfa-6010	45	4	-	-	PUNCT
ajfa-6010	45	5	mean	mean	NOUN
ajfa-6010	45	6	semi	semi	ADJ
ajfa-6010	45	7	-	-	ADJ
ajfa-6010	45	8	variance	variance	ADJ
ajfa-6010	45	9	rate	rate	NOUN
ajfa-6010	45	10	which	which	PRON
ajfa-6010	45	11	is	be	AUX
ajfa-6010	45	12	total	total	NOUN
ajfa-6010	45	13	of	of	ADP
ajfa-6010	45	14	deviation	deviation	NOUN
ajfa-6010	45	15	from	from	ADP
ajfa-6010	45	16	goal	goal	NOUN
ajfa-6010	45	17	return	return	NOUN
ajfa-6010	45	18	rate	rate	NOUN
ajfa-6010	45	19	.	.	PUNCT
ajfa-6010	46	1	(	(	PUNCT
ajfa-6010	46	2	qurik	qurik	PROPN
ajfa-6010	46	3	,	,	PUNCT
ajfa-6010	46	4	j.p	j.p	PROPN
ajfa-6010	46	5	.	.	PROPN
ajfa-6010	46	6	r.saposnik	r.saposnik	PROPN
ajfa-6010	46	7	,	,	PUNCT
ajfa-6010	46	8	1962	1962	NUM
ajfa-6010	46	9	)	)	PUNCT
ajfa-6010	46	10	.	.	PUNCT
ajfa-6010	47	1	theoretically	theoretically	ADV
ajfa-6010	47	2	analyzed	analyze	VERB
ajfa-6010	47	3	that	that	SCONJ
ajfa-6010	47	4	semi	semi	ADJ
ajfa-6010	47	5	-	-	NOUN
ajfa-6010	47	6	variance	variance	NOUN
ajfa-6010	47	7	is	be	AUX
ajfa-6010	47	8	better	well	ADJ
ajfa-6010	47	9	than	than	ADP
ajfa-6010	47	10	variance	variance	NOUN
ajfa-6010	47	11	.	.	PUNCT
ajfa-6010	48	1	(	(	PUNCT
ajfa-6010	48	2	mao	mao	PROPN
ajfa-6010	48	3	,	,	PUNCT
ajfa-6010	48	4	james	james	PROPN
ajfa-6010	48	5	c.t,1970	c.t,1970	PROPN
ajfa-6010	48	6	)	)	PUNCT
ajfa-6010	48	7	.	.	PUNCT
ajfa-6010	48	8	proved	prove	VERB
ajfa-6010	48	9	that	that	SCONJ
ajfa-6010	48	10	for	for	ADP
ajfa-6010	48	11	investors	investor	NOUN
ajfa-6010	48	12	,	,	PUNCT
ajfa-6010	48	13	only	only	ADV
ajfa-6010	48	14	downside	downside	NOUN
ajfa-6010	48	15	is	be	AUX
ajfa-6010	48	16	of	of	ADP
ajfa-6010	48	17	high	high	ADJ
ajfa-6010	48	18	importance	importance	NOUN
ajfa-6010	48	19	,	,	PUNCT
ajfa-6010	48	20	and	and	CCONJ
ajfa-6010	48	21	prefer	prefer	VERB
ajfa-6010	48	22	semi	semi	ADJ
ajfa-6010	48	23	-	-	NOUN
ajfa-6010	48	24	variance	variance	NOUN
ajfa-6010	48	25	,	,	PUNCT
ajfa-6010	48	26	and	and	CCONJ
ajfa-6010	48	27	provided	provide	VERB
ajfa-6010	48	28	a	a	DET
ajfa-6010	48	29	strong	strong	ADJ
ajfa-6010	48	30	,	,	PUNCT
ajfa-6010	48	31	fundamental	fundamental	ADJ
ajfa-6010	48	32	,	,	PUNCT
ajfa-6010	48	33	practical	practical	ADJ
ajfa-6010	48	34	theory	theory	NOUN
ajfa-6010	48	35	to	to	PART
ajfa-6010	48	36	search	search	VERB
ajfa-6010	48	37	on	on	ADP
ajfa-6010	48	38	semi	semi	ADJ
ajfa-6010	48	39	-	-	NOUN
ajfa-6010	48	40	variance	variance	NOUN
ajfa-6010	48	41	under	under	ADP
ajfa-6010	48	42	goal	goal	NOUN
ajfa-6010	48	43	rate	rate	NOUN
ajfa-6010	48	44	.	.	PUNCT
ajfa-6010	49	1	(	(	PUNCT
ajfa-6010	49	2	hogan	hogan	PROPN
ajfa-6010	49	3	,	,	PUNCT
ajfa-6010	49	4	w.	w.	PROPN
ajfa-6010	49	5	,&warren	,&warren	PROPN
ajfa-6010	49	6	,	,	PUNCT
ajfa-6010	49	7	j,1974	j,1974	PROPN
ajfa-6010	49	8	)	)	PUNCT
ajfa-6010	49	9	,	,	PUNCT
ajfa-6010	49	10	extracted	extract	VERB
ajfa-6010	49	11	a	a	DET
ajfa-6010	49	12	portfolio	portfolio	NOUN
ajfa-6010	49	13	optimization	optimization	NOUN
ajfa-6010	49	14	arithmetic	arithmetic	ADJ
ajfa-6010	49	15	algorithm	algorithm	NOUN
ajfa-6010	49	16	for	for	ADP
ajfa-6010	49	17	expected	expect	VERB
ajfa-6010	49	18	return	return	NOUN
ajfa-6010	49	19	and	and	CCONJ
ajfa-6010	49	20	semi	semi	ADJ
ajfa-6010	49	21	-	-	NOUN
ajfa-6010	49	22	variance	variance	NOUN
ajfa-6010	49	23	under	under	ADP
ajfa-6010	49	24	goal	goal	NOUN
ajfa-6010	49	25	rate	rate	NOUN
ajfa-6010	49	26	(	(	PUNCT
ajfa-6010	49	27	es	es	X
ajfa-6010	49	28	index	index	NOUN
ajfa-6010	49	29	)	)	PUNCT
ajfa-6010	49	30	,	,	PUNCT
ajfa-6010	49	31	and	and	CCONJ
ajfa-6010	49	32	developing	develop	VERB
ajfa-6010	49	33	their	their	PRON
ajfa-6010	49	34	own	own	ADJ
ajfa-6010	49	35	model	model	NOUN
ajfa-6010	49	36	,	,	PUNCT
ajfa-6010	49	37	they	they	PRON
ajfa-6010	49	38	offered	offer	VERB
ajfa-6010	49	39	es	es	NOUN
ajfa-6010	49	40	-	-	PUNCT
ajfa-6010	49	41	capm	capm	NOUN
ajfa-6010	49	42	which	which	PRON
ajfa-6010	49	43	is	be	AUX
ajfa-6010	49	44	a	a	DET
ajfa-6010	49	45	asset	asset	NOUN
ajfa-6010	49	46	(	(	PUNCT
ajfa-6010	49	47	β	β	NOUN
ajfa-6010	49	48	)	)	PUNCT
ajfa-6010	49	49	sensitivity	sensitivity	NOUN
ajfa-6010	49	50	index	index	NOUN
ajfa-6010	49	51	to	to	ADP
ajfa-6010	49	52	market	market	NOUN
ajfa-6010	49	53	fluctuations	fluctuation	NOUN
ajfa-6010	49	54	.	.	PUNCT
ajfa-6010	50	1	this	this	DET
ajfa-6010	50	2	new	new	ADJ
ajfa-6010	50	3	index	index	NOUN
ajfa-6010	50	4	is	be	AUX
ajfa-6010	50	5	called	call	VERB
ajfa-6010	50	6	downside	downside	ADJ
ajfa-6010	50	7	beta	beta	NOUN
ajfa-6010	50	8	.	.	PUNCT
ajfa-6010	51	1	(	(	PUNCT
ajfa-6010	51	2	harlow	harlow	PROPN
ajfa-6010	51	3	,	,	PUNCT
ajfa-6010	51	4	v.&rao	v.&rao	NOUN
ajfa-6010	51	5	,	,	PUNCT
ajfa-6010	51	6	r	r	NOUN
ajfa-6010	51	7	,	,	PUNCT
ajfa-6010	51	8	1989	1989	NUM
ajfa-6010	51	9	)	)	PUNCT
ajfa-6010	51	10	.	.	PUNCT
ajfa-6010	52	1	developed	develop	VERB
ajfa-6010	52	2	a	a	DET
ajfa-6010	52	3	form	form	NOUN
ajfa-6010	52	4	of	of	ADP
ajfa-6010	52	5	pricing	pricing	NOUN
ajfa-6010	52	6	model	model	NOUN
ajfa-6010	52	7	based	base	VERB
ajfa-6010	52	8	on	on	ADP
ajfa-6010	52	9	downside	downside	ADJ
ajfa-6010	52	10	risk	risk	NOUN
ajfa-6010	52	11	chart	chart	NOUN
ajfa-6010	52	12	,	,	PUNCT
ajfa-6010	52	13	and	and	CCONJ
ajfa-6010	52	14	all	all	DET
ajfa-6010	52	15	previous	previous	ADJ
ajfa-6010	52	16	models	model	NOUN
ajfa-6010	52	17	are	be	AUX
ajfa-6010	52	18	a	a	DET
ajfa-6010	52	19	form	form	NOUN
ajfa-6010	52	20	of	of	ADP
ajfa-6010	52	21	this	this	DET
ajfa-6010	52	22	model	model	NOUN
ajfa-6010	52	23	.	.	PUNCT
ajfa-6010	53	1	through	through	ADP
ajfa-6010	53	2	an	an	DET
ajfa-6010	53	3	experimental	experimental	ADJ
ajfa-6010	53	4	research	research	NOUN
ajfa-6010	53	5	,	,	PUNCT
ajfa-6010	53	6	they	they	PRON
ajfa-6010	53	7	concluded	conclude	VERB
ajfa-6010	53	8	that	that	SCONJ
ajfa-6010	53	9	assets	asset	NOUN
ajfa-6010	53	10	return	return	NOUN
ajfa-6010	53	11	mean	mean	VERB
ajfa-6010	53	12	is	be	AUX
ajfa-6010	53	13	an	an	DET
ajfa-6010	53	14	appropriate	appropriate	ADJ
ajfa-6010	53	15	index	index	NOUN
ajfa-6010	53	16	of	of	ADP
ajfa-6010	53	17	goal	goal	NOUN
ajfa-6010	53	18	rate	rate	NOUN
ajfa-6010	53	19	.	.	PUNCT
ajfa-6010	54	1	(	(	PUNCT
ajfa-6010	54	2	bawa	bawa	PROPN
ajfa-6010	54	3	,	,	PUNCT
ajfa-6010	54	4	v.&lindenberg	v.&lindenberg	PROPN
ajfa-6010	54	5	,	,	PUNCT
ajfa-6010	54	6	e	e	NOUN
ajfa-6010	54	7	,	,	PUNCT
ajfa-6010	54	8	1977	1977	NUM
ajfa-6010	54	9	)	)	PUNCT
ajfa-6010	54	10	.	.	PUNCT
ajfa-6010	55	1	offered	offer	VERB
ajfa-6010	55	2	lpm	lpm	NOUN
ajfa-6010	55	3	-	-	PUNCT
ajfa-6010	55	4	capm	capm	NOUN
ajfa-6010	55	5	which	which	PRON
ajfa-6010	55	6	prices	price	NOUN
ajfa-6010	55	7	semi	semi	ADJ
ajfa-6010	55	8	-	-	NOUN
ajfa-6010	55	9	variance	variance	NOUN
ajfa-6010	55	10	in	in	ADP
ajfa-6010	55	11	mediated	mediate	VERB
ajfa-6010	55	12	conditions	condition	NOUN
ajfa-6010	55	13	.	.	PUNCT
ajfa-6010	56	1	(	(	PUNCT
ajfa-6010	56	2	estrada	estrada	PROPN
ajfa-6010	56	3	,	,	PUNCT
ajfa-6010	56	4	j	j	PROPN
ajfa-6010	56	5	,	,	PUNCT
ajfa-6010	56	6	2002	2002	NUM
ajfa-6010	56	7	)	)	PUNCT
ajfa-6010	56	8	.	.	PUNCT
ajfa-6010	57	1	and	and	CCONJ
ajfa-6010	57	2	(	(	PUNCT
ajfa-6010	57	3	estrada	estrada	PROPN
ajfa-6010	57	4	,	,	PUNCT
ajfa-6010	57	5	j	j	PROPN
ajfa-6010	57	6	,	,	PUNCT
ajfa-6010	57	7	2004	2004	NUM
ajfa-6010	57	8	)	)	PUNCT
ajfa-6010	57	9	.	.	PUNCT
ajfa-6010	58	1	and	and	CCONJ
ajfa-6010	58	2	(	(	PUNCT
ajfa-6010	58	3	harvey	harvey	NOUN
ajfa-6010	58	4	,	,	PUNCT
ajfa-6010	58	5	c.r	c.r	PROPN
ajfa-6010	58	6	,	,	PUNCT
ajfa-6010	58	7	2002	2002	NUM
ajfa-6010	58	8	)	)	PUNCT
ajfa-6010	58	9	.	.	PUNCT
ajfa-6010	59	1	tested	test	VERB
ajfa-6010	59	2	downside	downside	ADJ
ajfa-6010	59	3	risk	risk	NOUN
ajfa-6010	59	4	indexes	index	NOUN
ajfa-6010	59	5	in	in	ADP
ajfa-6010	59	6	mediated	mediate	VERB
ajfa-6010	59	7	and	and	CCONJ
ajfa-6010	59	8	non	non	ADJ
ajfa-6010	59	9	-	-	ADJ
ajfa-6010	59	10	mediated	mediate	VERB
ajfa-6010	59	11	conditions	condition	NOUN
ajfa-6010	59	12	.	.	PUNCT
ajfa-6010	60	1	they	they	PRON
ajfa-6010	60	2	suggested	suggest	VERB
ajfa-6010	60	3	that	that	SCONJ
ajfa-6010	60	4	downside	downside	ADJ
ajfa-6010	60	5	risk	risk	NOUN
ajfa-6010	60	6	indexes	index	NOUN
ajfa-6010	60	7	determine	determine	VERB
ajfa-6010	60	8	the	the	DET
ajfa-6010	60	9	conditions	condition	NOUN
ajfa-6010	60	10	of	of	ADP
ajfa-6010	60	11	developing	develop	VERB
ajfa-6010	60	12	markets	market	NOUN
ajfa-6010	60	13	better	well	ADV
ajfa-6010	60	14	.	.	PUNCT
ajfa-6010	61	1	strada	strada	PROPN
ajfa-6010	61	2	developed	develop	VERB
ajfa-6010	61	3	the	the	DET
ajfa-6010	61	4	model	model	NOUN
ajfa-6010	61	5	of	of	ADP
ajfa-6010	61	6	d	d	PROPN
ajfa-6010	61	7	-	-	PUNCT
ajfa-6010	61	8	capm	capm	NOUN
ajfa-6010	61	9	which	which	PRON
ajfa-6010	61	10	can	can	AUX
ajfa-6010	61	11	present	present	VERB
ajfa-6010	61	12	a	a	DET
ajfa-6010	61	13	good	good	ADJ
ajfa-6010	61	14	estimate	estimate	NOUN
ajfa-6010	61	15	of	of	ADP
ajfa-6010	61	16	expected	expect	VERB
ajfa-6010	61	17	return	return	NOUN
ajfa-6010	61	18	in	in	ADP
ajfa-6010	61	19	asymmetric	asymmetric	ADJ
ajfa-6010	61	20	market	market	NOUN
ajfa-6010	61	21	.	.	PUNCT
ajfa-6010	62	1	(	(	PUNCT
ajfa-6010	62	2	ang	ang	INTJ
ajfa-6010	62	3	,	,	PUNCT
ajfa-6010	62	4	a.chen	a.chen	ADV
ajfa-6010	62	5	,	,	PUNCT
ajfa-6010	62	6	j.xing	j.xing	NOUN
ajfa-6010	62	7	,	,	PUNCT
ajfa-6010	62	8	y	y	PROPN
ajfa-6010	62	9	,	,	PUNCT
ajfa-6010	62	10	2002	2002	NUM
ajfa-6010	62	11	)	)	PUNCT
ajfa-6010	62	12	.	.	PUNCT
ajfa-6010	62	13	used	use	VERB
ajfa-6010	62	14	three	three	NUM
ajfa-6010	62	15	types	type	NOUN
ajfa-6010	62	16	of	of	ADP
ajfa-6010	62	17	beta	beta	NOUN
ajfa-6010	62	18	,	,	PUNCT
ajfa-6010	62	19	strada	strada	PROPN
ajfa-6010	62	20	beta	beta	PROPN
ajfa-6010	62	21	,	,	PUNCT
ajfa-6010	62	22	hugan	hugan	ADJ
ajfa-6010	62	23	beta	beta	NOUN
ajfa-6010	62	24	,	,	PUNCT
ajfa-6010	62	25	and	and	CCONJ
ajfa-6010	62	26	bava	bava	PROPN
ajfa-6010	62	27	beta	beta	PROPN
ajfa-6010	62	28	.	.	PUNCT
ajfa-6010	63	1	in	in	ADP
ajfa-6010	63	2	these	these	DET
ajfa-6010	63	3	betas	beta	NOUN
ajfa-6010	63	4	,	,	PUNCT
ajfa-6010	63	5	skewdness	skewdness	NOUN
ajfa-6010	63	6	has	have	AUX
ajfa-6010	63	7	been	be	AUX
ajfa-6010	63	8	included	include	VERB
ajfa-6010	63	9	differently	differently	ADV
ajfa-6010	63	10	and	and	CCONJ
ajfa-6010	63	11	they	they	PRON
ajfa-6010	63	12	studied	study	VERB
ajfa-6010	63	13	whether	whether	SCONJ
ajfa-6010	63	14	downside	downside	ADJ
ajfa-6010	63	15	beta	beta	NOUN
ajfa-6010	63	16	or	or	CCONJ
ajfa-6010	63	17	downside	downside	ADJ
ajfa-6010	63	18	skewdness	skewdness	NOUN
ajfa-6010	63	19	are	be	AUX
ajfa-6010	63	20	useful	useful	ADJ
ajfa-6010	63	21	for	for	ADP
ajfa-6010	63	22	explaining	explain	VERB
ajfa-6010	63	23	temporary	temporary	ADJ
ajfa-6010	63	24	return	return	NOUN
ajfa-6010	63	25	or	or	CCONJ
ajfa-6010	63	26	not	not	PART
ajfa-6010	63	27	.	.	PUNCT
ajfa-6010	64	1	they	they	PRON
ajfa-6010	64	2	measured	measure	VERB
ajfa-6010	64	3	downside	downside	ADJ
ajfa-6010	64	4	beta	beta	NOUN
ajfa-6010	64	5	with	with	ADP
ajfa-6010	64	6	conditional	conditional	ADJ
ajfa-6010	64	7	falling	fall	VERB
ajfa-6010	64	8	correlations	correlation	NOUN
ajfa-6010	64	9	and	and	CCONJ
ajfa-6010	64	10	with	with	ADP
ajfa-6010	64	11	market	market	NOUN
ajfa-6010	64	12	changes	change	NOUN
ajfa-6010	64	13	and	and	CCONJ
ajfa-6010	64	14	concluded	conclude	VERB
ajfa-6010	64	15	that	that	SCONJ
ajfa-6010	64	16	all	all	DET
ajfa-6010	64	17	three	three	NUM
ajfa-6010	64	18	models	model	NOUN
ajfa-6010	64	19	of	of	ADP
ajfa-6010	64	20	capm	capm	PROPN
ajfa-6010	64	21	based	base	VERB
ajfa-6010	64	22	on	on	ADP
ajfa-6010	64	23	downside	downside	ADJ
ajfa-6010	64	24	risk	risk	NOUN
ajfa-6010	64	25	,	,	PUNCT
ajfa-6010	64	26	show	show	VERB
ajfa-6010	64	27	a	a	DET
ajfa-6010	64	28	positive	positive	ADJ
ajfa-6010	64	29	risk	risk	NOUN
ajfa-6010	64	30	,	,	PUNCT
ajfa-6010	64	31	but	but	CCONJ
ajfa-6010	64	32	only	only	ADV
ajfa-6010	64	33	strada	strada	PROPN
ajfa-6010	64	34	was	be	AUX
ajfa-6010	64	35	significant	significant	ADJ
ajfa-6010	64	36	.	.	PUNCT
ajfa-6010	65	1	asian	asian	ADJ
ajfa-6010	65	2	journal	journal	PROPN
ajfa-6010	65	3	of	of	ADP
ajfa-6010	65	4	finance	finance	PROPN
ajfa-6010	65	5	&	&	CCONJ
ajfa-6010	65	6	accounting	accounting	PROPN
ajfa-6010	65	7	issn	issn	PROPN
ajfa-6010	65	8	1946	1946	NUM
ajfa-6010	65	9	-	-	PUNCT
ajfa-6010	65	10	052x	052x	PROPN
ajfa-6010	65	11	2014	2014	NUM
ajfa-6010	65	12	,	,	PUNCT
ajfa-6010	65	13	vol	vol	NOUN
ajfa-6010	65	14	.	.	PROPN
ajfa-6010	66	1	6	6	NUM
ajfa-6010	66	2	,	,	PUNCT
ajfa-6010	66	3	no	no	INTJ
ajfa-6010	66	4	.	.	NOUN
ajfa-6010	66	5	2	2	NUM
ajfa-6010	66	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6010	66	7	410	410	NUM
ajfa-6010	66	8	(	(	PUNCT
ajfa-6010	66	9	hawang	hawang	PROPN
ajfa-6010	66	10	,	,	PUNCT
ajfa-6010	66	11	s.pedersen	s.pedersen	VERB
ajfa-6010	66	12	,	,	PUNCT
ajfa-6010	66	13	c	c	NOUN
ajfa-6010	66	14	,	,	PUNCT
ajfa-6010	66	15	2004	2004	NUM
ajfa-6010	66	16	)	)	PUNCT
ajfa-6010	66	17	.	.	PUNCT
ajfa-6010	67	1	showed	show	VERB
ajfa-6010	67	2	that	that	SCONJ
ajfa-6010	67	3	downside	downside	ADJ
ajfa-6010	67	4	beta	beta	NOUN
ajfa-6010	67	5	presents	present	VERB
ajfa-6010	67	6	a	a	DET
ajfa-6010	67	7	more	more	ADV
ajfa-6010	67	8	suitable	suitable	ADJ
ajfa-6010	67	9	estimate	estimate	NOUN
ajfa-6010	67	10	for	for	ADP
ajfa-6010	67	11	expected	expect	VERB
ajfa-6010	67	12	return	return	NOUN
ajfa-6010	67	13	rate	rate	NOUN
ajfa-6010	67	14	in	in	ADP
ajfa-6010	67	15	asymmetric	asymmetric	ADJ
ajfa-6010	67	16	market	market	NOUN
ajfa-6010	67	17	than	than	ADP
ajfa-6010	67	18	capm	capm	PROPN
ajfa-6010	67	19	beta	beta	NOUN
ajfa-6010	67	20	.	.	PUNCT
ajfa-6010	68	1	(	(	PUNCT
ajfa-6010	68	2	estrada	estrada	PROPN
ajfa-6010	68	3	,	,	PUNCT
ajfa-6010	68	4	j	j	PROPN
ajfa-6010	68	5	,	,	PUNCT
ajfa-6010	68	6	2007	2007	NUM
ajfa-6010	68	7	)	)	PUNCT
ajfa-6010	68	8	.	.	PUNCT
ajfa-6010	68	9	showed	show	VERB
ajfa-6010	68	10	downside	downside	ADJ
ajfa-6010	68	11	risk	risk	NOUN
ajfa-6010	68	12	indexes	index	NOUN
ajfa-6010	68	13	,	,	PUNCT
ajfa-6010	68	14	based	base	VERB
ajfa-6010	68	15	on	on	ADP
ajfa-6010	68	16	experimental	experimental	ADJ
ajfa-6010	68	17	data	datum	NOUN
ajfa-6010	68	18	,	,	PUNCT
ajfa-6010	68	19	are	be	AUX
ajfa-6010	68	20	more	more	ADV
ajfa-6010	68	21	reliable	reliable	ADJ
ajfa-6010	68	22	than	than	ADP
ajfa-6010	68	23	traditional	traditional	ADJ
ajfa-6010	68	24	indexes	index	NOUN
ajfa-6010	68	25	of	of	ADP
ajfa-6010	68	26	risk	risk	NOUN
ajfa-6010	68	27	.	.	PUNCT
ajfa-6010	69	1	he	he	PRON
ajfa-6010	69	2	used	use	VERB
ajfa-6010	69	3	return	return	NOUN
ajfa-6010	69	4	data	datum	NOUN
ajfa-6010	69	5	in	in	ADP
ajfa-6010	69	6	his	his	PRON
ajfa-6010	69	7	study	study	NOUN
ajfa-6010	69	8	.	.	PUNCT
ajfa-6010	70	1	in	in	ADP
ajfa-6010	70	2	these	these	DET
ajfa-6010	70	3	studies	study	NOUN
ajfa-6010	70	4	,	,	PUNCT
ajfa-6010	70	5	downside	downside	ADJ
ajfa-6010	70	6	beta	beta	NOUN
ajfa-6010	70	7	explains	explain	VERB
ajfa-6010	70	8	45	45	NUM
ajfa-6010	70	9	%	%	NOUN
ajfa-6010	70	10	of	of	ADP
ajfa-6010	70	11	temporary	temporary	ADJ
ajfa-6010	70	12	return	return	NOUN
ajfa-6010	70	13	changes	change	NOUN
ajfa-6010	70	14	of	of	ADP
ajfa-6010	70	15	the	the	DET
ajfa-6010	70	16	sample	sample	NOUN
ajfa-6010	70	17	(	(	PUNCT
ajfa-6010	70	18	including	include	VERB
ajfa-6010	70	19	both	both	CCONJ
ajfa-6010	70	20	new	new	ADV
ajfa-6010	70	21	-	-	PUNCT
ajfa-6010	70	22	born	bear	VERB
ajfa-6010	70	23	market	market	NOUN
ajfa-6010	70	24	and	and	CCONJ
ajfa-6010	70	25	developed	develop	VERB
ajfa-6010	70	26	market).however	market).however	ADV
ajfa-6010	70	27	,	,	PUNCT
ajfa-6010	70	28	55	55	NUM
ajfa-6010	70	29	%	%	NOUN
ajfa-6010	70	30	of	of	ADP
ajfa-6010	70	31	temporary	temporary	ADJ
ajfa-6010	70	32	return	return	NOUN
ajfa-6010	70	33	changes	change	NOUN
ajfa-6010	70	34	of	of	ADP
ajfa-6010	70	35	the	the	DET
ajfa-6010	70	36	sample	sample	NOUN
ajfa-6010	70	37	dealing	deal	VERB
ajfa-6010	70	38	with	with	ADP
ajfa-6010	70	39	new	new	ADJ
ajfa-6010	70	40	-	-	PUNCT
ajfa-6010	70	41	born	bear	VERB
ajfa-6010	70	42	market	market	NOUN
ajfa-6010	70	43	can	can	AUX
ajfa-6010	70	44	be	be	AUX
ajfa-6010	70	45	explained	explain	VERB
ajfa-6010	70	46	by	by	ADP
ajfa-6010	70	47	downside	downside	ADJ
ajfa-6010	70	48	beta	beta	NOUN
ajfa-6010	70	49	.	.	PUNCT
ajfa-6010	71	1	(	(	PUNCT
ajfa-6010	71	2	don	don	PROPN
ajfa-6010	71	3	u.	u.	PROPN
ajfa-6010	71	4	a.	a.	PROPN
ajfa-6010	71	5	galagedera	galagedera	PROPN
ajfa-6010	71	6	,	,	PUNCT
ajfa-6010	71	7	2007	2007	NUM
ajfa-6010	71	8	)	)	PUNCT
ajfa-6010	71	9	.	.	PUNCT
ajfa-6010	71	10	showed	show	VERB
ajfa-6010	71	11	that	that	SCONJ
ajfa-6010	71	12	the	the	DET
ajfa-6010	71	13	relationship	relationship	NOUN
ajfa-6010	71	14	between	between	ADP
ajfa-6010	71	15	traditional	traditional	ADJ
ajfa-6010	71	16	and	and	CCONJ
ajfa-6010	71	17	downside	downside	ADJ
ajfa-6010	71	18	beta	beta	NOUN
ajfa-6010	71	19	is	be	AUX
ajfa-6010	71	20	effected	effect	VERB
ajfa-6010	71	21	by	by	ADP
ajfa-6010	71	22	parameters	parameter	NOUN
ajfa-6010	71	23	such	such	ADJ
ajfa-6010	71	24	as	as	ADP
ajfa-6010	71	25	standard	standard	ADJ
ajfa-6010	71	26	deviation	deviation	NOUN
ajfa-6010	71	27	,	,	PUNCT
ajfa-6010	71	28	skewdness	skewdness	NOUN
ajfa-6010	71	29	,	,	PUNCT
ajfa-6010	71	30	and	and	CCONJ
ajfa-6010	71	31	the	the	DET
ajfa-6010	71	32	effect	effect	NOUN
ajfa-6010	71	33	of	of	ADP
ajfa-6010	71	34	mentioned	mention	VERB
ajfa-6010	71	35	parameters	parameter	NOUN
ajfa-6010	71	36	on	on	ADP
ajfa-6010	71	37	extracted	extract	VERB
ajfa-6010	71	38	relationships	relationship	NOUN
ajfa-6010	71	39	in	in	ADP
ajfa-6010	71	40	an	an	DET
ajfa-6010	71	41	downside	downside	ADJ
ajfa-6010	71	42	chart	chart	NOUN
ajfa-6010	71	43	is	be	AUX
ajfa-6010	71	44	significant	significant	ADJ
ajfa-6010	71	45	in	in	ADP
ajfa-6010	71	46	terms	term	NOUN
ajfa-6010	71	47	of	of	ADP
ajfa-6010	71	48	importance	importance	NOUN
ajfa-6010	71	49	.	.	PUNCT
ajfa-6010	72	1	the	the	DET
ajfa-6010	72	2	results	result	NOUN
ajfa-6010	72	3	showed	show	VERB
ajfa-6010	72	4	that	that	SCONJ
ajfa-6010	72	5	if	if	SCONJ
ajfa-6010	72	6	asset	asset	NOUN
ajfa-6010	72	7	return	return	NOUN
ajfa-6010	72	8	distribution	distribution	NOUN
ajfa-6010	72	9	is	be	AUX
ajfa-6010	72	10	not	not	PART
ajfa-6010	72	11	normal	normal	ADJ
ajfa-6010	72	12	,	,	PUNCT
ajfa-6010	72	13	beva	beva	NOUN
ajfa-6010	72	14	and	and	CCONJ
ajfa-6010	72	15	ledinberg	ledinberg	PROPN
ajfa-6010	72	16	beta	beta	PROPN
ajfa-6010	72	17	is	be	AUX
ajfa-6010	72	18	a	a	DET
ajfa-6010	72	19	better	well	ADJ
ajfa-6010	72	20	index	index	NOUN
ajfa-6010	72	21	of	of	ADP
ajfa-6010	72	22	systematic	systematic	ADJ
ajfa-6010	72	23	risk	risk	NOUN
ajfa-6010	72	24	compared	compare	VERB
ajfa-6010	72	25	to	to	ADP
ajfa-6010	72	26	other	other	ADJ
ajfa-6010	72	27	risk	risk	NOUN
ajfa-6010	72	28	indexes	index	NOUN
ajfa-6010	72	29	.	.	PUNCT
ajfa-6010	73	1	in	in	ADP
ajfa-6010	73	2	addition	addition	NOUN
ajfa-6010	73	3	,	,	PUNCT
ajfa-6010	73	4	in	in	ADP
ajfa-6010	73	5	markets	market	NOUN
ajfa-6010	73	6	which	which	PRON
ajfa-6010	73	7	return	return	VERB
ajfa-6010	73	8	distribution	distribution	NOUN
ajfa-6010	73	9	has	have	VERB
ajfa-6010	73	10	more	more	ADJ
ajfa-6010	73	11	skewdness	skewdness	NOUN
ajfa-6010	73	12	,	,	PUNCT
ajfa-6010	73	13	downside	downside	ADJ
ajfa-6010	73	14	beta	beta	NOUN
ajfa-6010	73	15	is	be	AUX
ajfa-6010	73	16	a	a	DET
ajfa-6010	73	17	suitable	suitable	ADJ
ajfa-6010	73	18	index	index	NOUN
ajfa-6010	73	19	of	of	ADP
ajfa-6010	73	20	systematic	systematic	ADJ
ajfa-6010	73	21	risk	risk	NOUN
ajfa-6010	73	22	.	.	PUNCT
ajfa-6010	74	1	the	the	DET
ajfa-6010	74	2	results	result	NOUN
ajfa-6010	74	3	of	of	ADP
ajfa-6010	74	4	the	the	DET
ajfa-6010	74	5	study	study	NOUN
ajfa-6010	74	6	showed	show	VERB
ajfa-6010	74	7	that	that	SCONJ
ajfa-6010	74	8	in	in	ADP
ajfa-6010	74	9	new	new	ADJ
ajfa-6010	74	10	-	-	PUNCT
ajfa-6010	74	11	born	bear	VERB
ajfa-6010	74	12	markets	market	NOUN
ajfa-6010	74	13	there	there	PRON
ajfa-6010	74	14	is	be	VERB
ajfa-6010	74	15	no	no	DET
ajfa-6010	74	16	standard	standard	ADJ
ajfa-6010	74	17	model	model	NOUN
ajfa-6010	74	18	having	have	VERB
ajfa-6010	74	19	higher	high	ADJ
ajfa-6010	74	20	acceptability	acceptability	NOUN
ajfa-6010	74	21	power	power	NOUN
ajfa-6010	74	22	,	,	PUNCT
ajfa-6010	74	23	and	and	CCONJ
ajfa-6010	74	24	it	it	PRON
ajfa-6010	74	25	should	should	AUX
ajfa-6010	74	26	be	be	AUX
ajfa-6010	74	27	warned	warn	VERB
ajfa-6010	74	28	to	to	ADP
ajfa-6010	74	29	the	the	DET
ajfa-6010	74	30	people	people	NOUN
ajfa-6010	74	31	who	who	PRON
ajfa-6010	74	32	work	work	VERB
ajfa-6010	74	33	in	in	ADP
ajfa-6010	74	34	new	new	ADJ
ajfa-6010	74	35	-	-	PUNCT
ajfa-6010	74	36	born	bear	VERB
ajfa-6010	74	37	markets	market	NOUN
ajfa-6010	74	38	.	.	PUNCT
ajfa-6010	75	1	(	(	PUNCT
ajfa-6010	75	2	qaiser	qaiser	NOUN
ajfa-6010	75	3	,	,	PUNCT
ajfa-6010	75	4	a.a	a.a	PROPN
ajfa-6010	75	5	,	,	PUNCT
ajfa-6010	75	6	usman.m	usman.m	PROPN
ajfa-6010	75	7	,	,	PUNCT
ajfa-6010	75	8	shahid.s	shahid.s	PROPN
ajfa-6010	75	9	,	,	PUNCT
ajfa-6010	75	10	k	k	PROPN
ajfa-6010	75	11	,	,	PUNCT
ajfa-6010	75	12	saeed	saeed	PROPN
ajfa-6010	75	13	,	,	PUNCT
ajfa-6010	75	14	2011	2011	NUM
ajfa-6010	75	15	)	)	PUNCT
ajfa-6010	75	16	.	.	PUNCT
ajfa-6010	76	1	analyzed	analyze	VERB
ajfa-6010	76	2	the	the	DET
ajfa-6010	76	3	stages	stage	NOUN
ajfa-6010	76	4	of	of	ADP
ajfa-6010	76	5	providing	provide	VERB
ajfa-6010	76	6	capm	capm	PROPN
ajfa-6010	76	7	and	and	CCONJ
ajfa-6010	76	8	concluded	conclude	VERB
ajfa-6010	76	9	that	that	SCONJ
ajfa-6010	76	10	d	d	X
ajfa-6010	76	11	-	-	PUNCT
ajfa-6010	76	12	capm	capm	NOUN
ajfa-6010	76	13	which	which	PRON
ajfa-6010	76	14	is	be	AUX
ajfa-6010	76	15	based	base	VERB
ajfa-6010	76	16	on	on	ADP
ajfa-6010	76	17	downside	downside	ADJ
ajfa-6010	76	18	risk	risk	NOUN
ajfa-6010	76	19	,	,	PUNCT
ajfa-6010	76	20	is	be	AUX
ajfa-6010	76	21	a	a	DET
ajfa-6010	76	22	fast	fast	ADJ
ajfa-6010	76	23	alternative	alternative	NOUN
ajfa-6010	76	24	for	for	ADP
ajfa-6010	76	25	capm	capm	PROPN
ajfa-6010	76	26	which	which	PRON
ajfa-6010	76	27	has	have	VERB
ajfa-6010	76	28	all	all	DET
ajfa-6010	76	29	features	feature	NOUN
ajfa-6010	76	30	of	of	ADP
ajfa-6010	76	31	capm	capm	PROPN
ajfa-6010	76	32	.	.	PUNCT
ajfa-6010	77	1	based	base	VERB
ajfa-6010	77	2	on	on	ADP
ajfa-6010	77	3	the	the	DET
ajfa-6010	77	4	ample	ample	ADJ
ajfa-6010	77	5	evidence	evidence	NOUN
ajfa-6010	77	6	from	from	ADP
ajfa-6010	77	7	all	all	DET
ajfa-6010	77	8	markets	market	NOUN
ajfa-6010	77	9	particularly	particularly	ADV
ajfa-6010	77	10	new	new	ADV
ajfa-6010	77	11	-	-	PUNCT
ajfa-6010	77	12	born	bear	VERB
ajfa-6010	77	13	markets	market	NOUN
ajfa-6010	77	14	,	,	PUNCT
ajfa-6010	77	15	it	it	PRON
ajfa-6010	77	16	seems	seem	VERB
ajfa-6010	77	17	d	d	PROPN
ajfa-6010	77	18	-	-	PUNCT
ajfa-6010	77	19	capm	capm	PROPN
ajfa-6010	77	20	can	can	AUX
ajfa-6010	77	21	improve	improve	VERB
ajfa-6010	77	22	problems	problem	NOUN
ajfa-6010	77	23	of	of	ADP
ajfa-6010	77	24	assets	asset	NOUN
ajfa-6010	77	25	pricing	pricing	NOUN
ajfa-6010	77	26	.	.	PUNCT
ajfa-6010	78	1	having	having	AUX
ajfa-6010	78	2	analyzed	analyze	VERB
ajfa-6010	78	3	variance	variance	NOUN
ajfa-6010	78	4	and	and	CCONJ
ajfa-6010	78	5	semi	semi	ADJ
ajfa-6010	78	6	-	-	NOUN
ajfa-6010	78	7	variance	variance	NOUN
ajfa-6010	78	8	at	at	ADP
ajfa-6010	78	9	the	the	DET
ajfa-6010	78	10	level	level	NOUN
ajfa-6010	78	11	of	of	ADP
ajfa-6010	78	12	assets	asset	NOUN
ajfa-6010	78	13	return	return	VERB
ajfa-6010	78	14	for	for	ADP
ajfa-6010	78	15	indexes	index	NOUN
ajfa-6010	78	16	of	of	ADP
ajfa-6010	78	17	44	44	NUM
ajfa-6010	78	18	countries	country	NOUN
ajfa-6010	78	19	,	,	PUNCT
ajfa-6010	78	20	(	(	PUNCT
ajfa-6010	78	21	steven	steven	PROPN
ajfa-6010	78	22	l.beach,2011	l.beach,2011	PROPN
ajfa-6010	78	23	)	)	PUNCT
ajfa-6010	78	24	.	.	PUNCT
ajfa-6010	79	1	concluded	conclude	VERB
ajfa-6010	79	2	that	that	SCONJ
ajfa-6010	79	3	ratio	ratio	NOUN
ajfa-6010	79	4	of	of	ADP
ajfa-6010	79	5	obtained	obtain	VERB
ajfa-6010	79	6	risk	risk	NOUN
ajfa-6010	79	7	for	for	ADP
ajfa-6010	79	8	return	return	NOUN
ajfa-6010	79	9	in	in	ADP
ajfa-6010	79	10	d	d	PROPN
ajfa-6010	79	11	-	-	PUNCT
ajfa-6010	79	12	capm	capm	NOUN
ajfa-6010	79	13	(	(	PUNCT
ajfa-6010	79	14	56	56	NUM
ajfa-6010	79	15	%	%	NOUN
ajfa-6010	79	16	)	)	PUNCT
ajfa-6010	79	17	is	be	AUX
ajfa-6010	79	18	more	more	ADJ
ajfa-6010	79	19	than	than	ADP
ajfa-6010	79	20	capm	capm	NOUN
ajfa-6010	79	21	(	(	PUNCT
ajfa-6010	79	22	42	42	NUM
ajfa-6010	79	23	%	%	NOUN
ajfa-6010	79	24	)	)	PUNCT
ajfa-6010	79	25	.	.	PUNCT
ajfa-6010	80	1	it	it	PRON
ajfa-6010	80	2	is	be	AUX
ajfa-6010	80	3	a	a	DET
ajfa-6010	80	4	strong	strong	ADJ
ajfa-6010	80	5	reason	reason	NOUN
ajfa-6010	80	6	for	for	ADP
ajfa-6010	80	7	the	the	DET
ajfa-6010	80	8	fact	fact	NOUN
ajfa-6010	80	9	that	that	SCONJ
ajfa-6010	80	10	semi	semi	ADJ
ajfa-6010	80	11	-	-	NOUN
ajfa-6010	80	12	variance	variance	NOUN
ajfa-6010	80	13	and	and	CCONJ
ajfa-6010	80	14	downside	downside	ADJ
ajfa-6010	80	15	beta	beta	NOUN
ajfa-6010	80	16	better	well	ADV
ajfa-6010	80	17	shows	show	VERB
ajfa-6010	80	18	countries	country	NOUN
ajfa-6010	80	19	’	'	PUNCT
ajfa-6010	80	20	surplus	surplus	NOUN
ajfa-6010	80	21	return	return	NOUN
ajfa-6010	80	22	.	.	PUNCT
ajfa-6010	81	1	(	(	PUNCT
ajfa-6010	81	2	raí	raí	PROPN
ajfa-6010	81	3	r.	r.	PROPN
ajfa-6010	81	4	,	,	PUNCT
ajfa-6010	81	5	khosravi	khosravi	NOUN
ajfa-6010	81	6	,	,	PUNCT
ajfa-6010	81	7	a	a	PRON
ajfa-6010	81	8	,	,	PUNCT
ajfa-6010	81	9	2007	2007	NUM
ajfa-6010	81	10	)	)	PUNCT
ajfa-6010	81	11	.	.	PUNCT
ajfa-6010	82	1	studied	study	VERB
ajfa-6010	82	2	capital	capital	NOUN
ajfa-6010	82	3	assets	asset	NOUN
ajfa-6010	82	4	pricing	pricing	NOUN
ajfa-6010	82	5	model	model	NOUN
ajfa-6010	82	6	(	(	PUNCT
ajfa-6010	82	7	capm	capm	NOUN
ajfa-6010	82	8	)	)	PUNCT
ajfa-6010	82	9	performance	performance	NOUN
ajfa-6010	82	10	by	by	ADP
ajfa-6010	82	11	replacing	replace	VERB
ajfa-6010	82	12	three	three	NUM
ajfa-6010	82	13	types	type	NOUN
ajfa-6010	82	14	of	of	ADP
ajfa-6010	82	15	downside	downside	ADJ
ajfa-6010	82	16	risk	risk	NOUN
ajfa-6010	82	17	(	(	PUNCT
ajfa-6010	82	18	bava	bava	NOUN
ajfa-6010	82	19	-	-	PROPN
ajfa-6010	82	20	lindenberg	lindenberg	PROPN
ajfa-6010	82	21	beta	beta	NOUN
ajfa-6010	82	22	,	,	PUNCT
ajfa-6010	82	23	harlo	harlo	NOUN
ajfa-6010	82	24	-	-	PUNCT
ajfa-6010	82	25	rao	rao	NOUN
ajfa-6010	82	26	beta	beta	NOUN
ajfa-6010	82	27	,	,	PUNCT
ajfa-6010	82	28	strada	strada	PROPN
ajfa-6010	82	29	beta	beta	PROPN
ajfa-6010	82	30	)	)	PUNCT
ajfa-6010	82	31	with	with	ADP
ajfa-6010	82	32	traditional	traditional	ADJ
ajfa-6010	82	33	beta	beta	ADJ
ajfa-6010	82	34	index	index	NOUN
ajfa-6010	82	35	.	.	PUNCT
ajfa-6010	83	1	they	they	PRON
ajfa-6010	83	2	concluded	conclude	VERB
ajfa-6010	83	3	that	that	SCONJ
ajfa-6010	83	4	using	use	VERB
ajfa-6010	83	5	bava	bava	PROPN
ajfa-6010	83	6	-	-	PUNCT
ajfa-6010	83	7	lindenberg	lindenberg	PROPN
ajfa-6010	83	8	beta	beta	NOUN
ajfa-6010	83	9	and	and	CCONJ
ajfa-6010	83	10	harlo	harlo	NOUN
ajfa-6010	83	11	-	-	PUNCT
ajfa-6010	83	12	rao	rao	NOUN
ajfa-6010	83	13	beta	beta	NOUN
ajfa-6010	83	14	as	as	ADP
ajfa-6010	83	15	systematic	systematic	ADJ
ajfa-6010	83	16	index	index	NOUN
ajfa-6010	83	17	in	in	ADP
ajfa-6010	83	18	capital	capital	NOUN
ajfa-6010	83	19	asset	asset	NOUN
ajfa-6010	83	20	pricing	pricing	NOUN
ajfa-6010	83	21	model	model	NOUN
ajfa-6010	83	22	does	do	AUX
ajfa-6010	83	23	not	not	PART
ajfa-6010	83	24	make	make	VERB
ajfa-6010	83	25	any	any	DET
ajfa-6010	83	26	significant	significant	ADJ
ajfa-6010	83	27	difference	difference	NOUN
ajfa-6010	83	28	in	in	ADP
ajfa-6010	83	29	estimating	estimate	VERB
ajfa-6010	83	30	expected	expect	VERB
ajfa-6010	83	31	return	return	NOUN
ajfa-6010	83	32	,	,	PUNCT
ajfa-6010	83	33	and	and	CCONJ
ajfa-6010	83	34	has	have	VERB
ajfa-6010	83	35	the	the	DET
ajfa-6010	83	36	same	same	ADJ
ajfa-6010	83	37	performance	performance	NOUN
ajfa-6010	83	38	as	as	ADP
ajfa-6010	83	39	traditional	traditional	ADJ
ajfa-6010	83	40	beta	beta	NOUN
ajfa-6010	83	41	does	do	AUX
ajfa-6010	83	42	.	.	PUNCT
ajfa-6010	84	1	but	but	CCONJ
ajfa-6010	84	2	strada	strada	PROPN
ajfa-6010	84	3	beta	beta	PROPN
ajfa-6010	84	4	instead	instead	ADV
ajfa-6010	84	5	of	of	ADP
ajfa-6010	84	6	traditional	traditional	ADJ
ajfa-6010	84	7	beta	beta	NOUN
ajfa-6010	84	8	in	in	ADP
ajfa-6010	84	9	estimating	estimate	VERB
ajfa-6010	84	10	expected	expect	VERB
ajfa-6010	84	11	return	return	NOUN
ajfa-6010	84	12	works	work	VERB
ajfa-6010	84	13	significantly	significantly	ADV
ajfa-6010	84	14	better	well	ADV
ajfa-6010	84	15	in	in	ADP
ajfa-6010	84	16	explanation	explanation	NOUN
ajfa-6010	84	17	power	power	NOUN
ajfa-6010	84	18	.	.	PUNCT
ajfa-6010	85	1	(	(	PUNCT
ajfa-6010	85	2	saídi	saídi	VERB
ajfa-6010	85	3	,	,	PUNCT
ajfa-6010	85	4	a.	a.	NOUN
ajfa-6010	85	5	,	,	PUNCT
ajfa-6010	85	6	safdaripour	safdaripour	NOUN
ajfa-6010	85	7	,	,	PUNCT
ajfa-6010	85	8	a	a	PRON
ajfa-6010	85	9	,	,	PUNCT
ajfa-6010	85	10	2008	2008	NUM
ajfa-6010	85	11	)	)	PUNCT
ajfa-6010	85	12	.	.	PUNCT
ajfa-6010	86	1	compares	compare	VERB
ajfa-6010	86	2	normal	normal	ADJ
ajfa-6010	86	3	indexes	index	NOUN
ajfa-6010	86	4	of	of	ADP
ajfa-6010	86	5	risk	risk	NOUN
ajfa-6010	86	6	(	(	PUNCT
ajfa-6010	86	7	beta	beta	NOUN
ajfa-6010	86	8	,	,	PUNCT
ajfa-6010	86	9	sharp	sharp	ADJ
ajfa-6010	86	10	ratio	ratio	NOUN
ajfa-6010	86	11	,	,	PUNCT
ajfa-6010	86	12	and	and	CCONJ
ajfa-6010	86	13	trino	trino	ADJ
ajfa-6010	86	14	index	index	NOUN
ajfa-6010	86	15	)	)	PUNCT
ajfa-6010	86	16	,	,	PUNCT
ajfa-6010	86	17	and	and	CCONJ
ajfa-6010	86	18	downside	downside	ADJ
ajfa-6010	86	19	risk	risk	NOUN
ajfa-6010	86	20	indexes	index	NOUN
ajfa-6010	86	21	(	(	PUNCT
ajfa-6010	86	22	beta	beta	NOUN
ajfa-6010	86	23	,	,	PUNCT
ajfa-6010	86	24	sharp	sharp	ADJ
ajfa-6010	86	25	ratio	ratio	NOUN
ajfa-6010	86	26	,	,	PUNCT
ajfa-6010	86	27	and	and	CCONJ
ajfa-6010	86	28	mediated	mediate	VERB
ajfa-6010	86	29	trino	trino	ADJ
ajfa-6010	86	30	index	index	NOUN
ajfa-6010	86	31	)	)	PUNCT
ajfa-6010	86	32	.	.	PUNCT
ajfa-6010	87	1	they	they	PRON
ajfa-6010	87	2	concluded	conclude	VERB
ajfa-6010	87	3	that	that	SCONJ
ajfa-6010	87	4	mediated	mediate	VERB
ajfa-6010	87	5	beta	beta	ADJ
ajfa-6010	87	6	indexes	index	NOUN
ajfa-6010	87	7	,	,	PUNCT
ajfa-6010	87	8	and	and	CCONJ
ajfa-6010	87	9	mediated	mediate	VERB
ajfa-6010	87	10	trino	trino	ADJ
ajfa-6010	87	11	index	index	NOUN
ajfa-6010	87	12	determines	determine	VERB
ajfa-6010	87	13	stock	stock	NOUN
ajfa-6010	87	14	surplus	surplus	NOUN
ajfa-6010	87	15	return	return	VERB
ajfa-6010	87	16	significantly	significantly	ADV
ajfa-6010	87	17	better	well	ADJ
ajfa-6010	87	18	than	than	ADP
ajfa-6010	87	19	equivalent	equivalent	ADJ
ajfa-6010	87	20	normal	normal	ADJ
ajfa-6010	87	21	indexes	index	NOUN
ajfa-6010	87	22	.	.	PUNCT
ajfa-6010	88	1	3	3	X
ajfa-6010	88	2	.	.	X
ajfa-6010	88	3	research	research	NOUN
ajfa-6010	88	4	hypotheses	hypothesis	NOUN
ajfa-6010	88	5	1	1	NUM
ajfa-6010	88	6	.	.	PUNCT
ajfa-6010	89	1	downside	downside	ADJ
ajfa-6010	89	2	risk	risk	NOUN
ajfa-6010	89	3	evaluates	evaluate	VERB
ajfa-6010	89	4	stock	stock	NOUN
ajfa-6010	89	5	return	return	NOUN
ajfa-6010	89	6	mean	mean	VERB
ajfa-6010	89	7	better	well	ADV
ajfa-6010	89	8	than	than	ADP
ajfa-6010	89	9	traditional	traditional	ADJ
ajfa-6010	89	10	risk	risk	NOUN
ajfa-6010	89	11	does	do	VERB
ajfa-6010	89	12	.	.	PUNCT
ajfa-6010	90	1	2	2	X
ajfa-6010	90	2	.	.	X
ajfa-6010	90	3	downside	downside	ADJ
ajfa-6010	90	4	risk	risk	NOUN
ajfa-6010	90	5	evaluates	evaluate	VERB
ajfa-6010	90	6	stock	stock	NOUN
ajfa-6010	90	7	surplus	surplus	NOUN
ajfa-6010	90	8	return	return	NOUN
ajfa-6010	90	9	mean	mean	VERB
ajfa-6010	90	10	better	well	ADV
ajfa-6010	90	11	than	than	ADP
ajfa-6010	90	12	traditional	traditional	ADJ
ajfa-6010	90	13	risk	risk	NOUN
ajfa-6010	90	14	does	do	VERB
ajfa-6010	90	15	.	.	PUNCT
ajfa-6010	91	1	asian	asian	ADJ
ajfa-6010	91	2	journal	journal	PROPN
ajfa-6010	91	3	of	of	ADP
ajfa-6010	91	4	finance	finance	PROPN
ajfa-6010	91	5	&	&	CCONJ
ajfa-6010	91	6	accounting	accounting	PROPN
ajfa-6010	91	7	issn	issn	PROPN
ajfa-6010	91	8	1946	1946	NUM
ajfa-6010	91	9	-	-	PUNCT
ajfa-6010	91	10	052x	052x	PROPN
ajfa-6010	91	11	2014	2014	NUM
ajfa-6010	91	12	,	,	PUNCT
ajfa-6010	91	13	vol	vol	NOUN
ajfa-6010	91	14	.	.	PROPN
ajfa-6010	92	1	6	6	NUM
ajfa-6010	92	2	,	,	PUNCT
ajfa-6010	92	3	no	no	INTJ
ajfa-6010	92	4	.	.	NOUN
ajfa-6010	92	5	2	2	NUM
ajfa-6010	92	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6010	92	7	411	411	NUM
ajfa-6010	92	8	4	4	NUM
ajfa-6010	92	9	.	.	PUNCT
ajfa-6010	92	10	research	research	NOUN
ajfa-6010	92	11	methodology	methodology	NOUN
ajfa-6010	92	12	statistical	statistical	ADJ
ajfa-6010	92	13	population	population	NOUN
ajfa-6010	92	14	of	of	ADP
ajfa-6010	92	15	the	the	DET
ajfa-6010	92	16	research	research	NOUN
ajfa-6010	92	17	contains	contain	VERB
ajfa-6010	92	18	all	all	DET
ajfa-6010	92	19	non	non	ADJ
ajfa-6010	92	20	-	-	ADJ
ajfa-6010	92	21	financial	financial	ADJ
ajfa-6010	92	22	companies	company	NOUN
ajfa-6010	92	23	accepted	accept	VERB
ajfa-6010	92	24	in	in	ADP
ajfa-6010	92	25	tehran	tehran	PROPN
ajfa-6010	92	26	stock	stock	PROPN
ajfa-6010	92	27	exchange	exchange	PROPN
ajfa-6010	92	28	market	market	NOUN
ajfa-6010	92	29	from	from	ADP
ajfa-6010	92	30	2005	2005	NUM
ajfa-6010	92	31	to	to	ADP
ajfa-6010	92	32	2009	2009	NUM
ajfa-6010	92	33	.	.	PUNCT
ajfa-6010	93	1	required	require	VERB
ajfa-6010	93	2	data	datum	NOUN
ajfa-6010	93	3	was	be	AUX
ajfa-6010	93	4	extracted	extract	VERB
ajfa-6010	93	5	by	by	ADP
ajfa-6010	93	6	corpus	corpu	NOUN
ajfa-6010	93	7	and	and	CCONJ
ajfa-6010	93	8	monthly	monthly	ADJ
ajfa-6010	93	9	return	return	NOUN
ajfa-6010	93	10	by	by	ADP
ajfa-6010	93	11	tadbirpardaz	tadbirpardaz	NOUN
ajfa-6010	93	12	software	software	NOUN
ajfa-6010	93	13	.	.	PUNCT
ajfa-6010	94	1	the	the	DET
ajfa-6010	94	2	number	number	NOUN
ajfa-6010	94	3	of	of	ADP
ajfa-6010	94	4	studied	studied	ADJ
ajfa-6010	94	5	sample	sample	NOUN
ajfa-6010	94	6	in	in	ADP
ajfa-6010	94	7	this	this	DET
ajfa-6010	94	8	study	study	NOUN
ajfa-6010	94	9	is	be	AUX
ajfa-6010	94	10	60	60	NUM
ajfa-6010	94	11	companies	company	NOUN
ajfa-6010	94	12	which	which	PRON
ajfa-6010	94	13	have	have	AUX
ajfa-6010	94	14	been	be	AUX
ajfa-6010	94	15	selected	select	VERB
ajfa-6010	94	16	through	through	ADP
ajfa-6010	94	17	criteria	criterion	NOUN
ajfa-6010	94	18	filtering	filtering	NOUN
ajfa-6010	94	19	technique	technique	NOUN
ajfa-6010	94	20	and	and	CCONJ
ajfa-6010	94	21	with	with	ADP
ajfa-6010	94	22	regard	regard	NOUN
ajfa-6010	94	23	to	to	ADP
ajfa-6010	94	24	the	the	DET
ajfa-6010	94	25	following	follow	VERB
ajfa-6010	94	26	criteria	criterion	NOUN
ajfa-6010	94	27	:	:	PUNCT
ajfa-6010	94	28	omission	omission	NOUN
ajfa-6010	94	29	of	of	ADP
ajfa-6010	94	30	the	the	DET
ajfa-6010	94	31	companies	company	NOUN
ajfa-6010	94	32	which	which	PRON
ajfa-6010	94	33	their	their	PRON
ajfa-6010	94	34	stocks	stock	NOUN
ajfa-6010	94	35	have	have	AUX
ajfa-6010	94	36	been	be	AUX
ajfa-6010	94	37	supplied	supply	VERB
ajfa-6010	94	38	for	for	ADP
ajfa-6010	94	39	the	the	DET
ajfa-6010	94	40	first	first	ADJ
ajfa-6010	94	41	time	time	NOUN
ajfa-6010	94	42	during	during	ADP
ajfa-6010	94	43	the	the	DET
ajfa-6010	94	44	studied	studied	ADJ
ajfa-6010	94	45	period	period	NOUN
ajfa-6010	94	46	.	.	PUNCT
ajfa-6010	95	1	omission	omission	NOUN
ajfa-6010	95	2	of	of	ADP
ajfa-6010	95	3	the	the	DET
ajfa-6010	95	4	companies	company	NOUN
ajfa-6010	95	5	with	with	ADP
ajfa-6010	95	6	transaction	transaction	NOUN
ajfa-6010	95	7	breaks	break	VERB
ajfa-6010	95	8	over	over	ADP
ajfa-6010	95	9	2	2	NUM
ajfa-6010	95	10	months	month	NOUN
ajfa-6010	95	11	among	among	ADP
ajfa-6010	95	12	the	the	DET
ajfa-6010	95	13	companies	company	NOUN
ajfa-6010	95	14	passing	pass	VERB
ajfa-6010	95	15	through	through	ADP
ajfa-6010	95	16	the	the	DET
ajfa-6010	95	17	first	first	ADJ
ajfa-6010	95	18	filter	filter	NOUN
ajfa-6010	95	19	.	.	PUNCT
ajfa-6010	96	1	the	the	DET
ajfa-6010	96	2	type	type	NOUN
ajfa-6010	96	3	of	of	ADP
ajfa-6010	96	4	studied	study	VERB
ajfa-6010	96	5	company	company	NOUN
ajfa-6010	96	6	is	be	AUX
ajfa-6010	96	7	non	non	ADJ
ajfa-6010	96	8	-	-	ADJ
ajfa-6010	96	9	financial	financial	ADJ
ajfa-6010	96	10	and	and	CCONJ
ajfa-6010	96	11	therefore	therefore	ADV
ajfa-6010	96	12	financial	financial	ADJ
ajfa-6010	96	13	institutes	institute	NOUN
ajfa-6010	96	14	and	and	CCONJ
ajfa-6010	96	15	banks	bank	NOUN
ajfa-6010	96	16	have	have	AUX
ajfa-6010	96	17	not	not	PART
ajfa-6010	96	18	inserted	insert	VERB
ajfa-6010	96	19	in	in	ADP
ajfa-6010	96	20	the	the	DET
ajfa-6010	96	21	sample	sample	NOUN
ajfa-6010	96	22	.	.	PUNCT
ajfa-6010	97	1	to	to	PART
ajfa-6010	97	2	purify	purify	VERB
ajfa-6010	97	3	data	datum	NOUN
ajfa-6010	97	4	,	,	PUNCT
ajfa-6010	97	5	first	first	ADV
ajfa-6010	97	6	,	,	PUNCT
ajfa-6010	97	7	by	by	ADP
ajfa-6010	97	8	using	use	VERB
ajfa-6010	97	9	collected	collect	VERB
ajfa-6010	97	10	data	datum	NOUN
ajfa-6010	97	11	,	,	PUNCT
ajfa-6010	97	12	variables	variable	NOUN
ajfa-6010	97	13	have	have	AUX
ajfa-6010	97	14	been	be	AUX
ajfa-6010	97	15	calculated	calculate	VERB
ajfa-6010	97	16	for	for	ADP
ajfa-6010	97	17	each	each	PRON
ajfa-6010	97	18	of	of	ADP
ajfa-6010	97	19	the	the	DET
ajfa-6010	97	20	studied	study	VERB
ajfa-6010	97	21	companies	company	NOUN
ajfa-6010	97	22	and	and	CCONJ
ajfa-6010	97	23	years	year	NOUN
ajfa-6010	97	24	.	.	PUNCT
ajfa-6010	98	1	all	all	DET
ajfa-6010	98	2	purification	purification	NOUN
ajfa-6010	98	3	operation	operation	NOUN
ajfa-6010	98	4	has	have	AUX
ajfa-6010	98	5	been	be	AUX
ajfa-6010	98	6	done	do	VERB
ajfa-6010	98	7	by	by	ADP
ajfa-6010	98	8	the	the	DET
ajfa-6010	98	9	excel	excel	NOUN
ajfa-6010	98	10	software	software	NOUN
ajfa-6010	98	11	,	,	PUNCT
ajfa-6010	98	12	and	and	CCONJ
ajfa-6010	98	13	by	by	ADP
ajfa-6010	98	14	eviews	eviews	PROPN
ajfa-6010	98	15	software	software	NOUN
ajfa-6010	98	16	,	,	PUNCT
ajfa-6010	98	17	hypotheses	hypothesis	NOUN
ajfa-6010	98	18	have	have	AUX
ajfa-6010	98	19	been	be	AUX
ajfa-6010	98	20	tested	test	VERB
ajfa-6010	98	21	.	.	PUNCT
ajfa-6010	99	1	in	in	ADP
ajfa-6010	99	2	this	this	DET
ajfa-6010	99	3	research	research	NOUN
ajfa-6010	99	4	,	,	PUNCT
ajfa-6010	99	5	blended	blend	VERB
ajfa-6010	99	6	data	datum	NOUN
ajfa-6010	99	7	made	make	VERB
ajfa-6010	99	8	statistical	statistical	ADJ
ajfa-6010	99	9	power	power	NOUN
ajfa-6010	99	10	of	of	ADP
ajfa-6010	99	11	coefficients	coefficient	NOUN
ajfa-6010	99	12	increase	increase	NOUN
ajfa-6010	99	13	,	,	PUNCT
ajfa-6010	99	14	and	and	CCONJ
ajfa-6010	99	15	linearity	linearity	NOUN
ajfa-6010	99	16	among	among	ADP
ajfa-6010	99	17	variables	variable	NOUN
ajfa-6010	99	18	decrease	decrease	NOUN
ajfa-6010	99	19	,	,	PUNCT
ajfa-6010	99	20	and	and	CCONJ
ajfa-6010	99	21	estimations	estimation	NOUN
ajfa-6010	99	22	are	be	AUX
ajfa-6010	99	23	done	do	VERB
ajfa-6010	99	24	by	by	ADP
ajfa-6010	99	25	increasing	increase	VERB
ajfa-6010	99	26	degree	degree	NOUN
ajfa-6010	99	27	of	of	ADP
ajfa-6010	99	28	freedom	freedom	NOUN
ajfa-6010	99	29	.	.	PUNCT
ajfa-6010	100	1	research	research	NOUN
ajfa-6010	100	2	variables	variable	NOUN
ajfa-6010	100	3	include	include	VERB
ajfa-6010	100	4	variance	variance	NOUN
ajfa-6010	100	5	,	,	PUNCT
ajfa-6010	100	6	semi	semi	ADJ
ajfa-6010	100	7	variance	variance	NOUN
ajfa-6010	100	8	,	,	PUNCT
ajfa-6010	100	9	traditional	traditional	ADJ
ajfa-6010	100	10	beta	beta	NOUN
ajfa-6010	100	11	,	,	PUNCT
ajfa-6010	100	12	and	and	CCONJ
ajfa-6010	100	13	downside	downside	ADJ
ajfa-6010	100	14	beta	beta	NOUN
ajfa-6010	100	15	as	as	ADP
ajfa-6010	100	16	independent	independent	ADJ
ajfa-6010	100	17	variables	variable	NOUN
ajfa-6010	100	18	,	,	PUNCT
ajfa-6010	100	19	and	and	CCONJ
ajfa-6010	100	20	return	return	VERB
ajfa-6010	100	21	mean	mean	NOUN
ajfa-6010	100	22	and	and	CCONJ
ajfa-6010	100	23	stock	stock	NOUN
ajfa-6010	100	24	return	return	NOUN
ajfa-6010	100	25	mean	mean	VERB
ajfa-6010	100	26	as	as	ADP
ajfa-6010	100	27	dependent	dependent	ADJ
ajfa-6010	100	28	variables	variable	NOUN
ajfa-6010	100	29	.	.	PUNCT
ajfa-6010	101	1	variance	variance	NOUN
ajfa-6010	101	2	:	:	PUNCT
ajfa-6010	101	3	is	be	AUX
ajfa-6010	101	4	an	an	DET
ajfa-6010	101	5	index	index	NOUN
ajfa-6010	101	6	of	of	ADP
ajfa-6010	101	7	risk	risk	NOUN
ajfa-6010	101	8	which	which	PRON
ajfa-6010	101	9	return	return	VERB
ajfa-6010	101	10	distribution	distribution	NOUN
ajfa-6010	101	11	statistically	statistically	ADV
ajfa-6010	101	12	determines	determine	VERB
ajfa-6010	101	13	a	a	DET
ajfa-6010	101	14	share	share	NOUN
ajfa-6010	101	15	around	around	ADP
ajfa-6010	101	16	its	its	PRON
ajfa-6010	101	17	expected	expect	VERB
ajfa-6010	101	18	amount	amount	NOUN
ajfa-6010	101	19	which	which	PRON
ajfa-6010	101	20	is	be	AUX
ajfa-6010	101	21	obtained	obtain	VERB
ajfa-6010	101	22	as	as	ADP
ajfa-6010	101	23	follows	follow	VERB
ajfa-6010	101	24	:	:	PUNCT
ajfa-6010	101	25	ri	ri	NOUN
ajfa-6010	101	26	:	:	PUNCT
ajfa-6010	101	27	monthly	monthly	ADJ
ajfa-6010	101	28	return	return	NOUN
ajfa-6010	101	29	of	of	ADP
ajfa-6010	101	30	company	company	NOUN
ajfa-6010	101	31	stock	stock	NOUN
ajfa-6010	101	32	µi	µi	PROPN
ajfa-6010	101	33	:	:	PUNCT
ajfa-6010	101	34	monthly	monthly	ADJ
ajfa-6010	101	35	return	return	NOUN
ajfa-6010	101	36	mean	mean	NOUN
ajfa-6010	101	37	of	of	ADP
ajfa-6010	101	38	company	company	NOUN
ajfa-6010	101	39	stock	stock	NOUN
ajfa-6010	101	40	semi	semi	ADJ
ajfa-6010	101	41	variance	variance	NOUN
ajfa-6010	101	42	:	:	PUNCT
ajfa-6010	101	43	is	be	AUX
ajfa-6010	101	44	an	an	DET
ajfa-6010	101	45	index	index	NOUN
ajfa-6010	101	46	of	of	ADP
ajfa-6010	101	47	risk	risk	NOUN
ajfa-6010	101	48	which	which	PRON
ajfa-6010	101	49	considers	consider	VERB
ajfa-6010	101	50	only	only	ADV
ajfa-6010	101	51	downside	downside	ADJ
ajfa-6010	101	52	deviations	deviation	NOUN
ajfa-6010	101	53	(	(	PUNCT
ajfa-6010	101	54	lower	low	ADJ
ajfa-6010	101	55	mean	mean	NOUN
ajfa-6010	101	56	)	)	PUNCT
ajfa-6010	101	57	of	of	ADP
ajfa-6010	101	58	return	return	NOUN
ajfa-6010	101	59	.	.	PUNCT
ajfa-6010	102	1	to	to	PART
ajfa-6010	102	2	obtain	obtain	VERB
ajfa-6010	102	3	semi	semi	ADJ
ajfa-6010	102	4	variance	variance	NOUN
ajfa-6010	102	5	,	,	PUNCT
ajfa-6010	102	6	strada	strada	PROPN
ajfa-6010	102	7	index	index	NOUN
ajfa-6010	102	8	is	be	AUX
ajfa-6010	102	9	used	use	VERB
ajfa-6010	102	10	as	as	SCONJ
ajfa-6010	102	11	follows	follow	VERB
ajfa-6010	102	12	:	:	PUNCT
ajfa-6010	102	13	traditional	traditional	ADJ
ajfa-6010	102	14	beta	beta	NOUN
ajfa-6010	102	15	:	:	PUNCT
ajfa-6010	102	16	is	be	AUX
ajfa-6010	102	17	an	an	DET
ajfa-6010	102	18	index	index	NOUN
ajfa-6010	102	19	of	of	ADP
ajfa-6010	102	20	return	return	NOUN
ajfa-6010	102	21	changeability	changeability	NOUN
ajfa-6010	102	22	of	of	ADP
ajfa-6010	102	23	an	an	DET
ajfa-6010	102	24	asset	asset	NOUN
ajfa-6010	102	25	or	or	CCONJ
ajfa-6010	102	26	an	an	DET
ajfa-6010	102	27	investment	investment	NOUN
ajfa-6010	102	28	compared	compare	VERB
ajfa-6010	102	29	to	to	ADP
ajfa-6010	102	30	market	market	NOUN
ajfa-6010	102	31	which	which	PRON
ajfa-6010	102	32	measures	measure	VERB
ajfa-6010	102	33	an	an	DET
ajfa-6010	102	34	asset	asset	NOUN
ajfa-6010	102	35	risk	risk	NOUN
ajfa-6010	102	36	in	in	ADP
ajfa-6010	102	37	terms	term	NOUN
ajfa-6010	102	38	of	of	ADP
ajfa-6010	102	39	its	its	PRON
ajfa-6010	102	40	effects	effect	NOUN
ajfa-6010	102	41	on	on	ADP
ajfa-6010	102	42	a	a	DET
ajfa-6010	102	43	group	group	NOUN
ajfa-6010	102	44	of	of	ADP
ajfa-6010	102	45	assets	asset	NOUN
ajfa-6010	102	46	.	.	PUNCT
ajfa-6010	103	1	if	if	SCONJ
ajfa-6010	103	2	the	the	DET
ajfa-6010	103	3	relationship	relationship	NOUN
ajfa-6010	103	4	between	between	ADP
ajfa-6010	103	5	stock	stock	NOUN
ajfa-6010	103	6	return	return	NOUN
ajfa-6010	103	7	rate	rate	NOUN
ajfa-6010	103	8	and	and	CCONJ
ajfa-6010	103	9	market	market	NOUN
ajfa-6010	103	10	return	return	NOUN
ajfa-6010	103	11	is	be	AUX
ajfa-6010	103	12	proved	prove	VERB
ajfa-6010	103	13	,	,	PUNCT
ajfa-6010	103	14	β	β	X
ajfa-6010	103	15	can	can	AUX
ajfa-6010	103	16	be	be	AUX
ajfa-6010	103	17	obtained	obtain	VERB
ajfa-6010	103	18	through	through	ADP
ajfa-6010	103	19	the	the	DET
ajfa-6010	103	20	following	follow	VERB
ajfa-6010	103	21	relationship	relationship	NOUN
ajfa-6010	103	22	:	:	PUNCT
ajfa-6010	103	23	ri	ri	NOUN
ajfa-6010	103	24	:	:	PUNCT
ajfa-6010	103	25	monthly	monthly	ADJ
ajfa-6010	103	26	return	return	NOUN
ajfa-6010	103	27	of	of	ADP
ajfa-6010	103	28	company	company	NOUN
ajfa-6010	103	29	stock	stock	NOUN
ajfa-6010	103	30	µi	µi	PROPN
ajfa-6010	103	31	:	:	PUNCT
ajfa-6010	103	32	monthly	monthly	ADJ
ajfa-6010	103	33	return	return	NOUN
ajfa-6010	103	34	mean	mean	NOUN
ajfa-6010	103	35	of	of	ADP
ajfa-6010	103	36	company	company	NOUN
ajfa-6010	103	37	stock	stock	NOUN
ajfa-6010	103	38	(	(	PUNCT
ajfa-6010	103	39	1	1	NUM
ajfa-6010	103	40	)	)	PUNCT
ajfa-6010	103	41	(	(	PUNCT
ajfa-6010	103	42	2	2	NUM
ajfa-6010	103	43	)	)	PUNCT
ajfa-6010	103	44	(	(	PUNCT
ajfa-6010	103	45	3	3	X
ajfa-6010	103	46	)	)	PUNCT
ajfa-6010	103	47	asian	asian	ADJ
ajfa-6010	103	48	journal	journal	NOUN
ajfa-6010	103	49	of	of	ADP
ajfa-6010	103	50	finance	finance	PROPN
ajfa-6010	103	51	&	&	CCONJ
ajfa-6010	103	52	accounting	accounting	PROPN
ajfa-6010	103	53	issn	issn	PROPN
ajfa-6010	103	54	1946	1946	NUM
ajfa-6010	103	55	-	-	PUNCT
ajfa-6010	103	56	052x	052x	PROPN
ajfa-6010	103	57	2014	2014	NUM
ajfa-6010	103	58	,	,	PUNCT
ajfa-6010	103	59	vol	vol	NOUN
ajfa-6010	103	60	.	.	PROPN
ajfa-6010	103	61	6	6	NUM
ajfa-6010	103	62	,	,	PUNCT
ajfa-6010	103	63	no	no	INTJ
ajfa-6010	103	64	.	.	NOUN
ajfa-6010	103	65	2	2	NUM
ajfa-6010	103	66	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6010	103	67	412	412	NUM
ajfa-6010	103	68	downside	downside	ADJ
ajfa-6010	103	69	beta	beta	NOUN
ajfa-6010	103	70	:	:	PUNCT
ajfa-6010	103	71	it	it	PRON
ajfa-6010	103	72	measures	measure	VERB
ajfa-6010	103	73	company	company	NOUN
ajfa-6010	103	74	return	return	NOUN
ajfa-6010	103	75	compared	compare	VERB
ajfa-6010	103	76	to	to	ADP
ajfa-6010	103	77	market	market	NOUN
ajfa-6010	103	78	return	return	NOUN
ajfa-6010	103	79	only	only	ADV
ajfa-6010	103	80	in	in	ADP
ajfa-6010	103	81	periods	period	NOUN
ajfa-6010	103	82	when	when	SCONJ
ajfa-6010	103	83	market	market	NOUN
ajfa-6010	103	84	return	return	NOUN
ajfa-6010	103	85	is	be	AUX
ajfa-6010	103	86	lower	low	ADJ
ajfa-6010	103	87	than	than	ADP
ajfa-6010	103	88	mean	mean	ADJ
ajfa-6010	103	89	or	or	CCONJ
ajfa-6010	103	90	riskless	riskless	NOUN
ajfa-6010	103	91	return	return	NOUN
ajfa-6010	103	92	amount	amount	NOUN
ajfa-6010	103	93	or	or	CCONJ
ajfa-6010	103	94	investment	investment	NOUN
ajfa-6010	103	95	minimum	minimum	ADJ
ajfa-6010	103	96	acceptable	acceptable	ADJ
ajfa-6010	103	97	return	return	NOUN
ajfa-6010	103	98	.	.	PUNCT
ajfa-6010	104	1	to	to	PART
ajfa-6010	104	2	obtain	obtain	VERB
ajfa-6010	104	3	this	this	DET
ajfa-6010	104	4	index	index	NOUN
ajfa-6010	104	5	,	,	PUNCT
ajfa-6010	104	6	strada	strada	PROPN
ajfa-6010	104	7	index	index	NOUN
ajfa-6010	104	8	[	[	X
ajfa-6010	104	9	10	10	NUM
ajfa-6010	104	10	]	]	PUNCT
ajfa-6010	104	11	is	be	AUX
ajfa-6010	104	12	used	use	VERB
ajfa-6010	104	13	as	as	SCONJ
ajfa-6010	104	14	follows	follow	VERB
ajfa-6010	104	15	:	:	PUNCT
ajfa-6010	104	16	stock	stock	NOUN
ajfa-6010	104	17	return	return	NOUN
ajfa-6010	104	18	:	:	PUNCT
ajfa-6010	104	19	return	return	NOUN
ajfa-6010	104	20	is	be	AUX
ajfa-6010	104	21	earning	earn	VERB
ajfa-6010	104	22	which	which	PRON
ajfa-6010	104	23	a	a	DET
ajfa-6010	104	24	share	share	NOUN
ajfa-6010	104	25	brings	bring	VERB
ajfa-6010	104	26	about	about	ADP
ajfa-6010	104	27	for	for	ADP
ajfa-6010	104	28	its	its	PRON
ajfa-6010	104	29	owner	owner	NOUN
ajfa-6010	104	30	in	in	ADP
ajfa-6010	104	31	certain	certain	ADJ
ajfa-6010	104	32	time	time	NOUN
ajfa-6010	104	33	period	period	NOUN
ajfa-6010	104	34	.	.	PUNCT
ajfa-6010	105	1	to	to	PART
ajfa-6010	105	2	obtain	obtain	VERB
ajfa-6010	105	3	it	it	PRON
ajfa-6010	105	4	,	,	PUNCT
ajfa-6010	105	5	the	the	DET
ajfa-6010	105	6	following	follow	VERB
ajfa-6010	105	7	relationship	relationship	NOUN
ajfa-6010	105	8	is	be	AUX
ajfa-6010	105	9	used	use	VERB
ajfa-6010	105	10	:	:	PUNCT
ajfa-6010	105	11	0	0	NUM
ajfa-6010	105	12	01	01	NUM
ajfa-6010	105	13	p	p	NOUN
ajfa-6010	105	14	pdprit	pdprit	NOUN
ajfa-6010	105	15	−+=	−+=	X
ajfa-6010	105	16	ri	ri	NOUN
ajfa-6010	105	17	:	:	PUNCT
ajfa-6010	105	18	is	be	AUX
ajfa-6010	105	19	the	the	DET
ajfa-6010	105	20	return	return	NOUN
ajfa-6010	105	21	of	of	ADP
ajfa-6010	105	22	the	the	DET
ajfa-6010	105	23	company	company	NOUN
ajfa-6010	105	24	i	i	PRON
ajfa-6010	105	25	,	,	PUNCT
ajfa-6010	105	26	d	d	NOUN
ajfa-6010	105	27	:	:	PUNCT
ajfa-6010	105	28	dividend	dividend	NOUN
ajfa-6010	105	29	,	,	PUNCT
ajfa-6010	105	30	extra	extra	ADJ
ajfa-6010	105	31	stock	stock	NOUN
ajfa-6010	105	32	,	,	PUNCT
ajfa-6010	105	33	and	and	CCONJ
ajfa-6010	105	34	priority	priority	NOUN
ajfa-6010	105	35	of	of	ADP
ajfa-6010	105	36	stock	stock	NOUN
ajfa-6010	105	37	purchase	purchase	NOUN
ajfa-6010	105	38	,	,	PUNCT
ajfa-6010	105	39	p1	p1	NOUN
ajfa-6010	105	40	:	:	PUNCT
ajfa-6010	105	41	stock	stock	NOUN
ajfa-6010	105	42	price	price	NOUN
ajfa-6010	105	43	at	at	ADP
ajfa-6010	105	44	the	the	DET
ajfa-6010	105	45	end	end	NOUN
ajfa-6010	105	46	of	of	ADP
ajfa-6010	105	47	period	period	NOUN
ajfa-6010	105	48	,	,	PUNCT
ajfa-6010	105	49	p0	p0	NOUN
ajfa-6010	105	50	:	:	PUNCT
ajfa-6010	105	51	price	price	NOUN
ajfa-6010	105	52	at	at	ADP
ajfa-6010	105	53	the	the	DET
ajfa-6010	105	54	beginning	beginning	NOUN
ajfa-6010	105	55	of	of	ADP
ajfa-6010	105	56	the	the	DET
ajfa-6010	105	57	period	period	NOUN
ajfa-6010	105	58	surplus	surplus	NOUN
ajfa-6010	105	59	return	return	NOUN
ajfa-6010	105	60	:	:	PUNCT
ajfa-6010	105	61	the	the	DET
ajfa-6010	105	62	models	model	NOUN
ajfa-6010	105	63	,	,	PUNCT
ajfa-6010	105	64	based	base	VERB
ajfa-6010	105	65	on	on	ADP
ajfa-6010	105	66	the	the	DET
ajfa-6010	105	67	theory	theory	NOUN
ajfa-6010	105	68	of	of	ADP
ajfa-6010	105	69	efficient	efficient	ADJ
ajfa-6010	105	70	market	market	NOUN
ajfa-6010	105	71	including	include	VERB
ajfa-6010	105	72	capm	capm	PROPN
ajfa-6010	105	73	,	,	PUNCT
ajfa-6010	105	74	believe	believe	VERB
ajfa-6010	105	75	that	that	SCONJ
ajfa-6010	105	76	no	no	DET
ajfa-6010	105	77	stock	stock	NOUN
ajfa-6010	105	78	has	have	AUX
ajfa-6010	105	79	mediated	mediate	VERB
ajfa-6010	105	80	return	return	NOUN
ajfa-6010	105	81	based	base	VERB
ajfa-6010	105	82	on	on	ADP
ajfa-6010	105	83	more	more	ADJ
ajfa-6010	105	84	risk	risk	NOUN
ajfa-6010	105	85	as	as	SCONJ
ajfa-6010	105	86	market	market	NOUN
ajfa-6010	105	87	return	return	NOUN
ajfa-6010	105	88	does	do	VERB
ajfa-6010	105	89	.	.	PUNCT
ajfa-6010	106	1	surplus	surplus	NOUN
ajfa-6010	106	2	return	return	NOUN
ajfa-6010	106	3	means	mean	VERB
ajfa-6010	106	4	getting	getting	AUX
ajfa-6010	106	5	return	return	VERB
ajfa-6010	106	6	more	more	ADJ
ajfa-6010	106	7	than	than	ADP
ajfa-6010	106	8	market	market	NOUN
ajfa-6010	106	9	after	after	ADP
ajfa-6010	106	10	doing	do	VERB
ajfa-6010	106	11	mediations	mediation	NOUN
ajfa-6010	106	12	relevant	relevant	ADJ
ajfa-6010	106	13	to	to	PART
ajfa-6010	106	14	risk	risk	VERB
ajfa-6010	106	15	of	of	ADP
ajfa-6010	106	16	investment	investment	NOUN
ajfa-6010	106	17	risk	risk	NOUN
ajfa-6010	106	18	function	function	NOUN
ajfa-6010	106	19	.	.	PUNCT
ajfa-6010	107	1	(	(	PUNCT
ajfa-6010	107	2	)	)	PUNCT
ajfa-6010	107	3	ifm	ifm	INTJ
ajfa-6010	107	4	ex	ex	X
ajfa-6010	108	1	i	i	PRON
ajfa-6010	108	2	rrr	rrr	VERB
ajfa-6010	108	3	β−=	β−=	X
ajfa-6010	108	4	ri	ri	PROPN
ajfa-6010	109	1	ex	ex	NOUN
ajfa-6010	109	2	:	:	PUNCT
ajfa-6010	109	3	surplus	surplus	ADJ
ajfa-6010	109	4	returns	return	NOUN
ajfa-6010	109	5	of	of	ADP
ajfa-6010	109	6	company	company	NOUN
ajfa-6010	109	7	stock	stock	NOUN
ajfa-6010	109	8	i	i	PRON
ajfa-6010	109	9	,	,	PUNCT
ajfa-6010	109	10	ri	ri	PROPN
ajfa-6010	109	11	:	:	PUNCT
ajfa-6010	109	12	riskless	riskless	NOUN
ajfa-6010	109	13	return	return	VERB
ajfa-6010	109	14	5	5	NUM
ajfa-6010	109	15	.	.	PUNCT
ajfa-6010	110	1	research	research	NOUN
ajfa-6010	110	2	hypotheses	hypothesis	NOUN
ajfa-6010	110	3	results	result	VERB
ajfa-6010	110	4	to	to	PART
ajfa-6010	110	5	analyze	analyze	VERB
ajfa-6010	110	6	data	datum	NOUN
ajfa-6010	110	7	,	,	PUNCT
ajfa-6010	110	8	first	first	ADJ
ajfa-6010	110	9	descriptive	descriptive	ADJ
ajfa-6010	110	10	data	datum	NOUN
ajfa-6010	110	11	is	be	AUX
ajfa-6010	110	12	presented	present	VERB
ajfa-6010	110	13	in	in	ADP
ajfa-6010	110	14	table	table	NOUN
ajfa-6010	110	15	1	1	NUM
ajfa-6010	110	16	.	.	PUNCT
ajfa-6010	111	1	table1	table1	PROPN
ajfa-6010	111	2	.	.	PUNCT
ajfa-6010	112	1	descriptive	descriptive	ADJ
ajfa-6010	112	2	data	datum	NOUN
ajfa-6010	112	3	of	of	ADP
ajfa-6010	112	4	research	research	NOUN
ajfa-6010	112	5	meanmedianmaximminimumnumber	meanmedianmaximminimumnumber	NOUN
ajfa-6010	112	6	of	of	ADP
ajfa-6010	112	7	observations	observation	NOUN
ajfa-6010	112	8	return	return	VERB
ajfa-6010	112	9	mean	mean	VERB
ajfa-6010	112	10	022/0	022/0	PRON
ajfa-6010	112	11	009/0	009/0	PROPN
ajfa-6010	112	12	197/0	197/0	NUM
ajfa-6010	112	13	036/0	036/0	NUM
ajfa-6010	112	14	60	60	NUM
ajfa-6010	112	15	surplus	surplus	NOUN
ajfa-6010	112	16	return	return	NOUN
ajfa-6010	112	17	mean	mean	NOUN
ajfa-6010	112	18	123/0	123/0	NUM
ajfa-6010	112	19	083/0	083/0	X
ajfa-6010	112	20	132/2	132/2	NUM
ajfa-6010	112	21	614/0	614/0	NUM
ajfa-6010	112	22	60	60	NUM
ajfa-6010	113	1	traditional	traditional	ADJ
ajfa-6010	113	2	beta	beta	ADJ
ajfa-6010	113	3	126/0	126/0	NUM
ajfa-6010	113	4	082/0	082/0	SYM
ajfa-6010	113	5	697/0	697/0	NUM
ajfa-6010	113	6	170/2	170/2	NUM
ajfa-6010	113	7	60	60	NUM
ajfa-6010	113	8	downsize	downsize	NOUN
ajfa-6010	113	9	beta	beta	NOUN
ajfa-6010	113	10	151/0	151/0	NUM
ajfa-6010	113	11	111/0	111/0	NUM
ajfa-6010	113	12	656/0	656/0	NUM
ajfa-6010	113	13	017/0	017/0	NUM
ajfa-6010	113	14	60	60	NUM
ajfa-6010	113	15	variance	variance	NOUN
ajfa-6010	113	16	223/0029/0509/2000/0	223/0029/0509/2000/0	PROPN
ajfa-6010	113	17	60	60	NUM
ajfa-6010	113	18	semivariance018/0011/0090/0002/0	semivariance018/0011/0090/0002/0	VERB
ajfa-6010	113	19	60	60	NUM
ajfa-6010	113	20	(	(	PUNCT
ajfa-6010	113	21	4	4	NUM
ajfa-6010	113	22	)	)	PUNCT
ajfa-6010	113	23	(	(	PUNCT
ajfa-6010	113	24	5	5	NUM
ajfa-6010	113	25	)	)	PUNCT
ajfa-6010	113	26	(	(	PUNCT
ajfa-6010	113	27	6	6	NUM
ajfa-6010	113	28	)	)	PUNCT
ajfa-6010	113	29	asian	asian	ADJ
ajfa-6010	113	30	journal	journal	NOUN
ajfa-6010	113	31	of	of	ADP
ajfa-6010	113	32	finance	finance	PROPN
ajfa-6010	113	33	&	&	CCONJ
ajfa-6010	113	34	accounting	accounting	PROPN
ajfa-6010	113	35	issn	issn	PROPN
ajfa-6010	113	36	1946	1946	NUM
ajfa-6010	113	37	-	-	PUNCT
ajfa-6010	113	38	052x	052x	PROPN
ajfa-6010	113	39	2014	2014	NUM
ajfa-6010	113	40	,	,	PUNCT
ajfa-6010	113	41	vol	vol	NOUN
ajfa-6010	113	42	.	.	PROPN
ajfa-6010	113	43	6	6	NUM
ajfa-6010	113	44	,	,	PUNCT
ajfa-6010	113	45	no	no	INTJ
ajfa-6010	113	46	.	.	NOUN
ajfa-6010	113	47	2	2	NUM
ajfa-6010	113	48	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6010	113	49	413	413	NUM
ajfa-6010	113	50	to	to	PART
ajfa-6010	113	51	test	test	VERB
ajfa-6010	113	52	normality	normality	NOUN
ajfa-6010	113	53	of	of	ADP
ajfa-6010	113	54	data	datum	NOUN
ajfa-6010	113	55	,	,	PUNCT
ajfa-6010	113	56	first	first	ADJ
ajfa-6010	113	57	jark	jark	NOUN
ajfa-6010	113	58	-	-	PUNCT
ajfa-6010	113	59	bera	bera	NOUN
ajfa-6010	113	60	test	test	NOUN
ajfa-6010	113	61	has	have	AUX
ajfa-6010	113	62	been	be	AUX
ajfa-6010	113	63	used	use	VERB
ajfa-6010	113	64	.	.	PUNCT
ajfa-6010	114	1	since	since	SCONJ
ajfa-6010	114	2	dependent	dependent	ADJ
ajfa-6010	114	3	variables	variable	NOUN
ajfa-6010	114	4	were	be	AUX
ajfa-6010	114	5	not	not	PART
ajfa-6010	114	6	normally	normally	ADV
ajfa-6010	114	7	distributed	distribute	VERB
ajfa-6010	114	8	(	(	PUNCT
ajfa-6010	114	9	prob≤0.05	prob≤0.05	NOUN
ajfa-6010	114	10	)	)	PUNCT
ajfa-6010	114	11	,	,	PUNCT
ajfa-6010	114	12	to	to	PART
ajfa-6010	114	13	have	have	VERB
ajfa-6010	114	14	normality	normality	NOUN
ajfa-6010	114	15	of	of	ADP
ajfa-6010	114	16	dependent	dependent	ADJ
ajfa-6010	114	17	variables	variable	NOUN
ajfa-6010	114	18	in	in	ADP
ajfa-6010	114	19	regression	regression	NOUN
ajfa-6010	114	20	procedure	procedure	NOUN
ajfa-6010	114	21	,	,	PUNCT
ajfa-6010	114	22	johnson	johnson	PROPN
ajfa-6010	114	23	convert	convert	NOUN
ajfa-6010	114	24	has	have	AUX
ajfa-6010	114	25	been	be	AUX
ajfa-6010	114	26	used	use	VERB
ajfa-6010	114	27	in	in	ADP
ajfa-6010	114	28	minitab	minitab	PROPN
ajfa-6010	114	29	(	(	PUNCT
ajfa-6010	114	30	figures	figure	NOUN
ajfa-6010	114	31	2,1	2,1	NUM
ajfa-6010	114	32	)	)	PUNCT
ajfa-6010	114	33	,	,	PUNCT
ajfa-6010	114	34	which	which	PRON
ajfa-6010	114	35	causes	cause	VERB
ajfa-6010	114	36	probability	probability	NOUN
ajfa-6010	114	37	of	of	ADP
ajfa-6010	114	38	stock	stock	NOUN
ajfa-6010	114	39	return	return	NOUN
ajfa-6010	114	40	mean	mean	VERB
ajfa-6010	114	41	variable	variable	NOUN
ajfa-6010	114	42	to	to	PART
ajfa-6010	114	43	reach	reach	VERB
ajfa-6010	114	44	to	to	ADP
ajfa-6010	114	45	0.674	0.674	NUM
ajfa-6010	114	46	,	,	PUNCT
ajfa-6010	114	47	and	and	CCONJ
ajfa-6010	114	48	probability	probability	NOUN
ajfa-6010	114	49	of	of	ADP
ajfa-6010	114	50	stock	stock	NOUN
ajfa-6010	114	51	surplus	surplus	NOUN
ajfa-6010	114	52	return	return	NOUN
ajfa-6010	114	53	mean	mean	VERB
ajfa-6010	114	54	variable	variable	ADJ
ajfa-6010	114	55	to	to	PART
ajfa-6010	114	56	increase	increase	VERB
ajfa-6010	114	57	to	to	ADP
ajfa-6010	114	58	0.574	0.574	NUM
ajfa-6010	114	59	.	.	PUNCT
ajfa-6010	115	1	0.20.10.0	0.20.10.0	NOUN
ajfa-6010	115	2	-	-	SYM
ajfa-6010	115	3	0.1	0.1	NUM
ajfa-6010	115	4	99.9	99.9	NUM
ajfa-6010	115	5	99	99	NUM
ajfa-6010	115	6	90	90	NUM
ajfa-6010	115	7	50	50	NUM
ajfa-6010	115	8	10	10	NUM
ajfa-6010	115	9	1	1	NUM
ajfa-6010	115	10	0.1	0.1	NUM
ajfa-6010	115	11	pe	pe	PRON
ajfa-6010	115	12	rc	rc	PROPN
ajfa-6010	115	13	en	en	PROPN
ajfa-6010	115	14	t	t	PROPN
ajfa-6010	115	15	40	40	NUM
ajfa-6010	115	16	-	-	SYM
ajfa-6010	115	17	4	4	NUM
ajfa-6010	115	18	99.9	99.9	NUM
ajfa-6010	115	19	99	99	NUM
ajfa-6010	115	20	90	90	NUM
ajfa-6010	115	21	50	50	NUM
ajfa-6010	115	22	10	10	NUM
ajfa-6010	115	23	1	1	NUM
ajfa-6010	115	24	0.1	0.1	NUM
ajfa-6010	115	25	pe	pe	PRON
ajfa-6010	115	26	rc	rc	PROPN
ajfa-6010	115	27	en	en	X
ajfa-6010	115	28	t	t	PROPN
ajfa-6010	115	29	1.21.00.80.60.40.2	1.21.00.80.60.40.2	NUM
ajfa-6010	115	30	0.60	0.60	NUM
ajfa-6010	115	31	0.45	0.45	NUM
ajfa-6010	115	32	0.30	0.30	NUM
ajfa-6010	115	33	0.15	0.15	NUM
ajfa-6010	115	34	0.00	0.00	NUM
ajfa-6010	115	35	z	z	NOUN
ajfa-6010	115	36	v	v	PROPN
ajfa-6010	116	1	alue	alue	PROPN
ajfa-6010	116	2	pva	pva	NOUN
ajfa-6010	116	3	lu	lu	NOUN
ajfa-6010	116	4	e	e	NOUN
ajfa-6010	116	5	fo	fo	ADP
ajfa-6010	116	6	r	r	NOUN
ajfa-6010	116	7	a	a	PROPN
ajfa-6010	116	8	d	d	X
ajfa-6010	116	9	te	te	PROPN
ajfa-6010	116	10	st	st	PROPN
ajfa-6010	116	11	0.38	0.38	NUM
ajfa-6010	116	12	ref	ref	NOUN
ajfa-6010	117	1	p	p	PROPN
ajfa-6010	117	2	p	p	X
ajfa-6010	117	3	-v	-v	PUNCT
ajfa-6010	117	4	a	a	DET
ajfa-6010	117	5	lue	lue	NOUN
ajfa-6010	117	6	for	for	ADP
ajfa-6010	117	7	b	b	PROPN
ajfa-6010	117	8	est	est	X
ajfa-6010	117	9	f	f	NOUN
ajfa-6010	117	10	it	it	PRON
ajfa-6010	117	11	:	:	PUNCT
ajfa-6010	117	12	0.674995	0.674995	NUM
ajfa-6010	117	13	z	z	NOUN
ajfa-6010	117	14	for	for	ADP
ajfa-6010	117	15	b	b	PROPN
ajfa-6010	117	16	est	est	X
ajfa-6010	117	17	f	f	NOUN
ajfa-6010	118	1	it	it	PRON
ajfa-6010	118	2	:	:	PUNCT
ajfa-6010	118	3	0.38	0.38	NUM
ajfa-6010	118	4	b	b	X
ajfa-6010	118	5	est	est	X
ajfa-6010	118	6	t	t	PROPN
ajfa-6010	118	7	ransform	ransform	NOUN
ajfa-6010	118	8	ation	ation	PROPN
ajfa-6010	118	9	t	t	PROPN
ajfa-6010	118	10	y	y	PROPN
ajfa-6010	118	11	pe	pe	PROPN
ajfa-6010	118	12	:	:	PUNCT
ajfa-6010	118	13	s	s	VERB
ajfa-6010	118	14	u	u	NOUN
ajfa-6010	118	15	t	t	NOUN
ajfa-6010	118	16	ransform	ransform	NOUN
ajfa-6010	118	17	ation	ation	PROPN
ajfa-6010	118	18	function	function	NOUN
ajfa-6010	118	19	equa	equa	NOUN
ajfa-6010	118	20	ls	ls	PROPN
ajfa-6010	118	21	-0	-0	INTJ
ajfa-6010	118	22	.828447	.828447	PROPN
ajfa-6010	119	1	+	+	NOUN
ajfa-6010	120	1	0.803854	0.803854	NUM
ajfa-6010	120	2	*	*	PUNCT
ajfa-6010	120	3	a	a	DET
ajfa-6010	120	4	sinh	sinh	NOUN
ajfa-6010	120	5	(	(	PUNCT
ajfa-6010	120	6	(	(	PUNCT
ajfa-6010	120	7	x	x	SYM
ajfa-6010	120	8	+	+	NUM
ajfa-6010	120	9	0.00769948	0.00769948	NUM
ajfa-6010	120	10	)	)	PUNCT
ajfa-6010	120	11	/	/	SYM
ajfa-6010	120	12	0	0	NUM
ajfa-6010	120	13	.0110674	.0110674	NOUN
ajfa-6010	120	14	)	)	PUNCT
ajfa-6010	121	1	p	p	NOUN
ajfa-6010	122	1	r	r	NOUN
ajfa-6010	122	2	o	o	X
ajfa-6010	122	3	ba	ba	PROPN
ajfa-6010	122	4	b	b	PROPN
ajfa-6010	122	5	ility	ility	NOUN
ajfa-6010	122	6	p	p	PROPN
ajfa-6010	122	7	lo	lo	PROPN
ajfa-6010	122	8	t	t	NOUN
ajfa-6010	123	1	fo	fo	INTJ
ajfa-6010	123	2	r	r	NOUN
ajfa-6010	123	3	o	o	NOUN
ajfa-6010	123	4	r	r	NOUN
ajfa-6010	123	5	ig	ig	NOUN
ajfa-6010	123	6	ina	ina	PROPN
ajfa-6010	123	7	l	l	PROPN
ajfa-6010	124	1	d	d	X
ajfa-6010	124	2	a	a	X
ajfa-6010	124	3	ta	ta	X
ajfa-6010	124	4	p	p	NOUN
ajfa-6010	125	1	r	r	NOUN
ajfa-6010	125	2	o	o	X
ajfa-6010	125	3	ba	ba	PROPN
ajfa-6010	125	4	b	b	PROPN
ajfa-6010	125	5	ility	ility	NOUN
ajfa-6010	125	6	p	p	PROPN
ajfa-6010	125	7	lo	lo	PROPN
ajfa-6010	125	8	t	t	NOUN
ajfa-6010	126	1	fo	fo	INTJ
ajfa-6010	126	2	r	r	NOUN
ajfa-6010	126	3	t	t	NOUN
ajfa-6010	126	4	r	r	NOUN
ajfa-6010	126	5	a	a	DET
ajfa-6010	126	6	n	n	NUM
ajfa-6010	126	7	sfo	sfo	PROPN
ajfa-6010	126	8	r	r	NOUN
ajfa-6010	126	9	m	m	NOUN
ajfa-6010	126	10	e	e	NOUN
ajfa-6010	126	11	d	d	PROPN
ajfa-6010	126	12	d	d	X
ajfa-6010	126	13	a	a	PRON
ajfa-6010	126	14	ta	ta	X
ajfa-6010	126	15	se	se	X
ajfa-6010	126	16	le	le	PROPN
ajfa-6010	126	17	ct	ct	PROPN
ajfa-6010	126	18	a	a	DET
ajfa-6010	126	19	t	t	NOUN
ajfa-6010	126	20	r	r	NOUN
ajfa-6010	126	21	a	a	DET
ajfa-6010	126	22	n	n	NUM
ajfa-6010	126	23	sfo	sfo	PROPN
ajfa-6010	126	24	r	r	NOUN
ajfa-6010	126	25	m	m	VERB
ajfa-6010	126	26	a	a	DET
ajfa-6010	126	27	tio	tio	NOUN
ajfa-6010	126	28	n	n	INTJ
ajfa-6010	126	29	(	(	PUNCT
ajfa-6010	126	30	p	p	NOUN
ajfa-6010	126	31	-value	-value	ADJ
ajfa-6010	126	32	=	=	NOUN
ajfa-6010	126	33	0.005	0.005	NUM
ajfa-6010	126	34	means	mean	VERB
ajfa-6010	126	35	<	<	X
ajfa-6010	126	36	=	=	NOUN
ajfa-6010	126	37	0.005	0.005	NUM
ajfa-6010	126	38	)	)	PUNCT
ajfa-6010	126	39	johnson	johnson	PROPN
ajfa-6010	126	40	transformation	transformation	NOUN
ajfa-6010	126	41	for	for	ADP
ajfa-6010	126	42	mr	mr	PROPN
ajfa-6010	126	43	figure	figure	NOUN
ajfa-6010	126	44	1	1	NUM
ajfa-6010	126	45	.	.	PUNCT
ajfa-6010	126	46	examining	examine	VERB
ajfa-6010	126	47	normality	normality	NOUN
ajfa-6010	126	48	of	of	ADP
ajfa-6010	126	49	return	return	NOUN
ajfa-6010	126	50	mean	mean	NOUN
ajfa-6010	127	1	7.55.02.50.0	7.55.02.50.0	NUM
ajfa-6010	127	2	99.9	99.9	NUM
ajfa-6010	127	3	99	99	NUM
ajfa-6010	127	4	90	90	NUM
ajfa-6010	127	5	50	50	NUM
ajfa-6010	127	6	10	10	NUM
ajfa-6010	127	7	1	1	NUM
ajfa-6010	127	8	0.1	0.1	NUM
ajfa-6010	127	9	pe	pe	PRON
ajfa-6010	127	10	rc	rc	PROPN
ajfa-6010	127	11	en	en	PROPN
ajfa-6010	127	12	t	t	PROPN
ajfa-6010	127	13	n	n	PROPN
ajfa-6010	127	14	345	345	NUM
ajfa-6010	127	15	a	a	DET
ajfa-6010	127	16	d	d	X
ajfa-6010	127	17	26.313	26.313	NUM
ajfa-6010	127	18	p	p	X
ajfa-6010	127	19	-	-	PUNCT
ajfa-6010	127	20	v	v	NOUN
ajfa-6010	127	21	a	a	DET
ajfa-6010	127	22	lue	lue	NOUN
ajfa-6010	127	23	<	<	X
ajfa-6010	127	24	0.005	0.005	NUM
ajfa-6010	127	25	2024	2024	NUM
ajfa-6010	127	26	99.9	99.9	NUM
ajfa-6010	127	27	99	99	NUM
ajfa-6010	127	28	90	90	NUM
ajfa-6010	127	29	50	50	NUM
ajfa-6010	127	30	10	10	NUM
ajfa-6010	127	31	1	1	NUM
ajfa-6010	127	32	0.1	0.1	NUM
ajfa-6010	127	33	pe	pe	PRON
ajfa-6010	127	34	rc	rc	PROPN
ajfa-6010	127	35	en	en	PROPN
ajfa-6010	127	36	t	t	PROPN
ajfa-6010	127	37	n	n	PROPN
ajfa-6010	127	38	345	345	NUM
ajfa-6010	127	39	a	a	DET
ajfa-6010	127	40	d	d	NOUN
ajfa-6010	127	41	0.298	0.298	NUM
ajfa-6010	127	42	p	p	NOUN
ajfa-6010	127	43	-	-	PUNCT
ajfa-6010	127	44	v	v	NOUN
ajfa-6010	127	45	a	a	DET
ajfa-6010	127	46	lue	lue	NOUN
ajfa-6010	127	47	0.587	0.587	NUM
ajfa-6010	127	48	1.21.00.80.60.40.2	1.21.00.80.60.40.2	NUM
ajfa-6010	127	49	0.60	0.60	NUM
ajfa-6010	127	50	0.45	0.45	NUM
ajfa-6010	127	51	0.30	0.30	NUM
ajfa-6010	127	52	0.15	0.15	NUM
ajfa-6010	127	53	0.00	0.00	NUM
ajfa-6010	127	54	z	z	NOUN
ajfa-6010	127	55	v	v	ADP
ajfa-6010	127	56	a	a	DET
ajfa-6010	127	57	lue	lue	NOUN
ajfa-6010	127	58	pva	pva	NOUN
ajfa-6010	127	59	lu	lu	NOUN
ajfa-6010	127	60	e	e	NOUN
ajfa-6010	127	61	fo	fo	ADP
ajfa-6010	127	62	r	r	NOUN
ajfa-6010	127	63	a	a	PROPN
ajfa-6010	127	64	d	d	X
ajfa-6010	127	65	te	te	PROPN
ajfa-6010	127	66	st	st	PROPN
ajfa-6010	127	67	0.83	0.83	NUM
ajfa-6010	127	68	r	r	NOUN
ajfa-6010	127	69	ef	ef	NOUN
ajfa-6010	127	70	p	p	NOUN
ajfa-6010	127	71	p	p	X
ajfa-6010	127	72	-v	-v	X
ajfa-6010	127	73	a	a	DET
ajfa-6010	127	74	lu	lu	NOUN
ajfa-6010	127	75	e	e	NOUN
ajfa-6010	127	76	fo	fo	ADP
ajfa-6010	127	77	r	r	NOUN
ajfa-6010	127	78	b	b	PROPN
ajfa-6010	127	79	e	e	X
ajfa-6010	127	80	st	st	PROPN
ajfa-6010	127	81	f	f	PROPN
ajfa-6010	127	82	it	it	PRON
ajfa-6010	127	83	:	:	PUNCT
ajfa-6010	127	84	0	0	NUM
ajfa-6010	127	85	.5	.5	NUM
ajfa-6010	127	86	8	8	NUM
ajfa-6010	127	87	7	7	NUM
ajfa-6010	127	88	3	3	NUM
ajfa-6010	127	89	5	5	NUM
ajfa-6010	127	90	9	9	NUM
ajfa-6010	127	91	z	z	NOUN
ajfa-6010	127	92	fo	fo	ADP
ajfa-6010	127	93	r	r	NOUN
ajfa-6010	127	94	b	b	PROPN
ajfa-6010	127	95	e	e	PROPN
ajfa-6010	127	96	s	s	PROPN
ajfa-6010	127	97	t	t	X
ajfa-6010	127	98	f	f	PROPN
ajfa-6010	127	99	it	it	PRON
ajfa-6010	127	100	:	:	PUNCT
ajfa-6010	127	101	0	0	NUM
ajfa-6010	127	102	.8	.8	NUM
ajfa-6010	127	103	3	3	NUM
ajfa-6010	127	104	b	b	PROPN
ajfa-6010	127	105	e	e	PROPN
ajfa-6010	127	106	s	s	PROPN
ajfa-6010	127	107	t	t	PROPN
ajfa-6010	127	108	t	t	PROPN
ajfa-6010	127	109	ra	ra	PROPN
ajfa-6010	127	110	n	n	PROPN
ajfa-6010	127	111	s	s	PROPN
ajfa-6010	127	112	fo	fo	INTJ
ajfa-6010	127	113	rm	rm	PROPN
ajfa-6010	127	114	a	a	DET
ajfa-6010	127	115	tio	tio	NOUN
ajfa-6010	127	116	n	n	ADP
ajfa-6010	127	117	t	t	NOUN
ajfa-6010	127	118	y	y	PROPN
ajfa-6010	127	119	p	p	X
ajfa-6010	127	120	e	e	PROPN
ajfa-6010	127	121	:	:	PUNCT
ajfa-6010	127	122	s	s	VERB
ajfa-6010	127	123	u	u	NOUN
ajfa-6010	127	124	t	t	X
ajfa-6010	127	125	ra	ra	PROPN
ajfa-6010	128	1	n	n	PROPN
ajfa-6010	128	2	s	s	NOUN
ajfa-6010	128	3	fo	fo	INTJ
ajfa-6010	128	4	rm	rm	PROPN
ajfa-6010	128	5	a	a	DET
ajfa-6010	128	6	tio	tio	NOUN
ajfa-6010	128	7	n	n	ADP
ajfa-6010	128	8	fu	fu	NOUN
ajfa-6010	128	9	n	n	CCONJ
ajfa-6010	128	10	ct	ct	PROPN
ajfa-6010	128	11	io	io	PROPN
ajfa-6010	128	12	n	n	PROPN
ajfa-6010	128	13	e	e	X
ajfa-6010	128	14	q	q	PROPN
ajfa-6010	128	15	u	u	PROPN
ajfa-6010	128	16	a	a	DET
ajfa-6010	128	17	ls	ls	ADJ
ajfa-6010	129	1	-2	-2	INTJ
ajfa-6010	129	2	.1	.1	NUM
ajfa-6010	129	3	7	7	NUM
ajfa-6010	129	4	2	2	NUM
ajfa-6010	129	5	5	5	NUM
ajfa-6010	129	6	4	4	NUM
ajfa-6010	129	7	+	+	CCONJ
ajfa-6010	129	8	0	0	NUM
ajfa-6010	129	9	.9	.9	NUM
ajfa-6010	129	10	8	8	NUM
ajfa-6010	129	11	9	9	NUM
ajfa-6010	129	12	5	5	NUM
ajfa-6010	129	13	5	5	NUM
ajfa-6010	129	14	7	7	NUM
ajfa-6010	129	15	*	*	PUNCT
ajfa-6010	129	16	a	a	DET
ajfa-6010	129	17	s	s	NOUN
ajfa-6010	129	18	in	in	ADP
ajfa-6010	129	19	h	h	NOUN
ajfa-6010	129	20	(	(	PUNCT
ajfa-6010	129	21	(	(	PUNCT
ajfa-6010	129	22	x	x	SYM
ajfa-6010	129	23	0	0	NUM
ajfa-6010	129	24	.7	.7	NUM
ajfa-6010	129	25	7	7	NUM
ajfa-6010	129	26	9	9	NUM
ajfa-6010	129	27	6	6	NUM
ajfa-6010	129	28	2	2	NUM
ajfa-6010	129	29	7	7	NUM
ajfa-6010	129	30	)	)	PUNCT
ajfa-6010	129	31	/	/	SYM
ajfa-6010	129	32	0	0	NUM
ajfa-6010	130	1	.0	.0	NUM
ajfa-6010	130	2	9	9	NUM
ajfa-6010	130	3	5	5	NUM
ajfa-6010	130	4	3	3	NUM
ajfa-6010	130	5	6	6	NUM
ajfa-6010	130	6	1	1	NUM
ajfa-6010	130	7	3	3	NUM
ajfa-6010	130	8	)	)	PUNCT
ajfa-6010	130	9	p	p	NOUN
ajfa-6010	130	10	r	r	NOUN
ajfa-6010	130	11	o	o	X
ajfa-6010	130	12	b	b	NOUN
ajfa-6010	130	13	a	a	PRON
ajfa-6010	130	14	b	b	NOUN
ajfa-6010	131	1	i	i	NOUN
ajfa-6010	131	2	l	l	NOUN
ajfa-6010	132	1	i	i	PRON
ajfa-6010	132	2	t	t	VERB
ajfa-6010	133	1	y	y	PROPN
ajfa-6010	133	2	p	p	PROPN
ajfa-6010	133	3	lo	lo	PROPN
ajfa-6010	134	1	t	t	NOUN
ajfa-6010	134	2	f	f	X
ajfa-6010	134	3	o	o	NOUN
ajfa-6010	134	4	r	r	NOUN
ajfa-6010	134	5	o	o	NOUN
ajfa-6010	134	6	r	r	NOUN
ajfa-6010	134	7	ig	ig	PROPN
ajfa-6010	134	8	in	in	ADP
ajfa-6010	134	9	a	a	DET
ajfa-6010	134	10	l	l	NOUN
ajfa-6010	134	11	d	d	NOUN
ajfa-6010	134	12	a	a	PROPN
ajfa-6010	134	13	t	t	NOUN
ajfa-6010	134	14	a	a	DET
ajfa-6010	134	15	p	p	NOUN
ajfa-6010	134	16	r	r	NOUN
ajfa-6010	134	17	o	o	X
ajfa-6010	134	18	b	b	NOUN
ajfa-6010	134	19	a	a	PRON
ajfa-6010	134	20	b	b	NOUN
ajfa-6010	135	1	i	i	NOUN
ajfa-6010	135	2	l	l	NOUN
ajfa-6010	136	1	i	i	PRON
ajfa-6010	136	2	t	t	VERB
ajfa-6010	137	1	y	y	PROPN
ajfa-6010	137	2	p	p	PROPN
ajfa-6010	137	3	lo	lo	PROPN
ajfa-6010	138	1	t	t	NOUN
ajfa-6010	138	2	f	f	X
ajfa-6010	138	3	o	o	NOUN
ajfa-6010	138	4	r	r	NOUN
ajfa-6010	138	5	t	t	NOUN
ajfa-6010	138	6	r	r	NOUN
ajfa-6010	138	7	a	a	DET
ajfa-6010	138	8	n	n	NOUN
ajfa-6010	138	9	s	s	NOUN
ajfa-6010	138	10	f	f	NOUN
ajfa-6010	138	11	o	o	NOUN
ajfa-6010	138	12	r	r	NOUN
ajfa-6010	138	13	m	m	NOUN
ajfa-6010	138	14	e	e	NOUN
ajfa-6010	138	15	d	d	PROPN
ajfa-6010	138	16	d	d	PROPN
ajfa-6010	138	17	a	a	PROPN
ajfa-6010	138	18	t	t	NOUN
ajfa-6010	138	19	a	a	DET
ajfa-6010	138	20	s	s	X
ajfa-6010	138	21	e	e	X
ajfa-6010	138	22	le	le	X
ajfa-6010	138	23	c	c	PROPN
ajfa-6010	138	24	t	t	PROPN
ajfa-6010	138	25	a	a	DET
ajfa-6010	138	26	t	t	NOUN
ajfa-6010	138	27	r	r	NOUN
ajfa-6010	138	28	a	a	DET
ajfa-6010	138	29	n	n	NOUN
ajfa-6010	138	30	s	s	NOUN
ajfa-6010	138	31	f	f	NOUN
ajfa-6010	139	1	o	o	NOUN
ajfa-6010	139	2	r	r	NOUN
ajfa-6010	139	3	m	m	VERB
ajfa-6010	139	4	a	a	DET
ajfa-6010	139	5	t	t	NOUN
ajfa-6010	139	6	io	io	X
ajfa-6010	139	7	n	n	PROPN
ajfa-6010	139	8	(	(	PUNCT
ajfa-6010	139	9	p	p	X
ajfa-6010	139	10	v	v	X
ajfa-6010	139	11	a	a	DET
ajfa-6010	139	12	lu	lu	NOUN
ajfa-6010	139	13	e	e	NOUN
ajfa-6010	139	14	=	=	NOUN
ajfa-6010	139	15	0.005	0.005	NUM
ajfa-6010	139	16	m	m	NOUN
ajfa-6010	139	17	ean	ean	NOUN
ajfa-6010	139	18	s	s	PART
ajfa-6010	139	19	<	<	X
ajfa-6010	139	20	=	=	NOUN
ajfa-6010	139	21	0.005	0.005	NUM
ajfa-6010	139	22	)	)	PUNCT
ajfa-6010	139	23	j	j	NOUN
ajfa-6010	140	1	o	o	PROPN
ajfa-6010	140	2	hns	hns	PROPN
ajfa-6010	140	3	o	o	PROPN
ajfa-6010	140	4	n	n	ADP
ajfa-6010	140	5	t	t	NOUN
ajfa-6010	140	6	r	r	NOUN
ajfa-6010	140	7	a	a	DET
ajfa-6010	140	8	ns	ns	NOUN
ajfa-6010	140	9	fo	fo	ADP
ajfa-6010	140	10	r	r	NOUN
ajfa-6010	140	11	m	m	VERB
ajfa-6010	140	12	a	a	DET
ajfa-6010	140	13	tio	tio	NOUN
ajfa-6010	141	1	n	n	ADV
ajfa-6010	142	1	fo	fo	ADP
ajfa-6010	142	2	r	r	NOUN
ajfa-6010	142	3	q	q	NOUN
ajfa-6010	142	4	figure	figure	NOUN
ajfa-6010	142	5	2	2	NUM
ajfa-6010	142	6	.	.	PUNCT
ajfa-6010	142	7	examining	examine	VERB
ajfa-6010	142	8	normality	normality	NOUN
ajfa-6010	142	9	of	of	ADP
ajfa-6010	142	10	surplus	surplus	NOUN
ajfa-6010	142	11	return	return	NOUN
ajfa-6010	142	12	mean	mean	NOUN
ajfa-6010	142	13	after	after	ADP
ajfa-6010	142	14	normalizing	normalize	VERB
ajfa-6010	142	15	variables	variable	NOUN
ajfa-6010	142	16	,	,	PUNCT
ajfa-6010	142	17	for	for	ADP
ajfa-6010	142	18	research	research	NOUN
ajfa-6010	142	19	variables	variable	NOUN
ajfa-6010	142	20	to	to	PART
ajfa-6010	142	21	be	be	AUX
ajfa-6010	142	22	independent	independent	ADJ
ajfa-6010	142	23	from	from	ADP
ajfa-6010	142	24	each	each	DET
ajfa-6010	142	25	other	other	ADJ
ajfa-6010	142	26	,	,	PUNCT
ajfa-6010	142	27	correlation	correlation	NOUN
ajfa-6010	142	28	matrix	matrix	NOUN
ajfa-6010	142	29	has	have	AUX
ajfa-6010	142	30	been	be	AUX
ajfa-6010	142	31	used	use	VERB
ajfa-6010	142	32	.	.	PUNCT
ajfa-6010	143	1	the	the	DET
ajfa-6010	143	2	results	result	NOUN
ajfa-6010	143	3	of	of	ADP
ajfa-6010	143	4	these	these	DET
ajfa-6010	143	5	matrixes	matrix	NOUN
ajfa-6010	143	6	showed	show	VERB
ajfa-6010	143	7	that	that	SCONJ
ajfa-6010	143	8	correlation	correlation	NOUN
ajfa-6010	143	9	coefficients	coefficient	NOUN
ajfa-6010	143	10	among	among	ADP
ajfa-6010	143	11	each	each	DET
ajfa-6010	143	12	couple	couple	NOUN
ajfa-6010	143	13	of	of	ADP
ajfa-6010	143	14	variables	variable	NOUN
ajfa-6010	143	15	are	be	AUX
ajfa-6010	143	16	lower	low	ADJ
ajfa-6010	143	17	than	than	ADP
ajfa-6010	143	18	0.50	0.50	NUM
ajfa-6010	143	19	which	which	DET
ajfa-6010	143	20	correlation	correlation	NOUN
ajfa-6010	143	21	between	between	ADP
ajfa-6010	143	22	variables	variable	NOUN
ajfa-6010	143	23	does	do	AUX
ajfa-6010	143	24	not	not	PART
ajfa-6010	143	25	lead	lead	VERB
ajfa-6010	143	26	to	to	PART
ajfa-6010	143	27	sever	sever	VERB
ajfa-6010	143	28	linearity	linearity	NOUN
ajfa-6010	143	29	.	.	PUNCT
ajfa-6010	144	1	in	in	ADP
ajfa-6010	144	2	addition	addition	NOUN
ajfa-6010	144	3	,	,	PUNCT
ajfa-6010	144	4	because	because	SCONJ
ajfa-6010	144	5	all	all	DET
ajfa-6010	144	6	estimated	estimate	VERB
ajfa-6010	144	7	coefficients	coefficient	NOUN
ajfa-6010	144	8	are	be	AUX
ajfa-6010	144	9	significant	significant	ADJ
ajfa-6010	144	10	and	and	CCONJ
ajfa-6010	144	11	separable	separable	ADJ
ajfa-6010	144	12	,	,	PUNCT
ajfa-6010	144	13	it	it	PRON
ajfa-6010	144	14	shows	show	VERB
ajfa-6010	144	15	the	the	DET
ajfa-6010	144	16	fact	fact	NOUN
ajfa-6010	144	17	that	that	SCONJ
ajfa-6010	144	18	movement	movement	NOUN
ajfa-6010	144	19	among	among	ADP
ajfa-6010	144	20	variables	variable	NOUN
ajfa-6010	144	21	is	be	AUX
ajfa-6010	144	22	not	not	PART
ajfa-6010	144	23	sever	sever	ADJ
ajfa-6010	144	24	.	.	PUNCT
ajfa-6010	145	1	then	then	ADV
ajfa-6010	145	2	validity	validity	NOUN
ajfa-6010	145	3	of	of	ADP
ajfa-6010	145	4	dependent	dependent	ADJ
ajfa-6010	145	5	and	and	CCONJ
ajfa-6010	145	6	independent	independent	ADJ
ajfa-6010	145	7	variables	variable	NOUN
ajfa-6010	145	8	has	have	AUX
ajfa-6010	145	9	been	be	AUX
ajfa-6010	145	10	studied	study	VERB
ajfa-6010	145	11	.	.	PUNCT
ajfa-6010	146	1	validity	validity	NOUN
ajfa-6010	146	2	of	of	ADP
ajfa-6010	146	3	the	the	DET
ajfa-6010	146	4	research	research	NOUN
ajfa-6010	146	5	variables	variable	NOUN
ajfa-6010	146	6	means	mean	VERB
ajfa-6010	146	7	and	and	CCONJ
ajfa-6010	146	8	variances	variance	NOUN
ajfa-6010	146	9	of	of	ADP
ajfa-6010	146	10	variables	variable	NOUN
ajfa-6010	146	11	during	during	ADP
ajfa-6010	146	12	the	the	DET
ajfa-6010	146	13	time	time	NOUN
ajfa-6010	146	14	and	and	CCONJ
ajfa-6010	146	15	covariance	covariance	NOUN
ajfa-6010	146	16	of	of	ADP
ajfa-6010	146	17	variable	variable	ADJ
ajfa-6010	146	18	model	model	NOUN
ajfa-6010	146	19	d	d	PROPN
ajfa-6010	146	20	bertion	bertion	PROPN
ajfa-6010	146	21	fisher	fisher	PROPN
ajfa-6010	146	22	-	-	PUNCT
ajfa-6010	146	23	f	f	PROPN
ajfa-6010	146	24	lower	lower	X
ajfa-6010	146	25	th	th	X
ajfa-6010	146	26	to	to	PART
ajfa-6010	146	27	test	test	VERB
ajfa-6010	146	28	fixed	fix	VERB
ajfa-6010	146	29	ef	ef	PROPN
ajfa-6010	146	30	and	and	CCONJ
ajfa-6010	146	31	to	to	PART
ajfa-6010	146	32	dourbin	dourbin	PROPN
ajfa-6010	146	33	first	first	PROPN
ajfa-6010	146	34	hy	hy	PROPN
ajfa-6010	146	35	first	first	ADJ
ajfa-6010	146	36	hy	hy	PROPN
ajfa-6010	147	1	the	the	DET
ajfa-6010	147	2	res	re	NOUN
ajfa-6010	147	3	estimati	estimati	NOUN
ajfa-6010	147	4	been	be	VERB
ajfa-6010	147	5	us	we	PRON
ajfa-6010	147	6	conclus	conclus	NOUN
ajfa-6010	147	7	features	feature	NOUN
ajfa-6010	147	8	effects	effect	NOUN
ajfa-6010	147	9	implem	implem	PROPN
ajfa-6010	147	10	been	be	VERB
ajfa-6010	147	11	us	us	PROPN
ajfa-6010	147	12	table	table	NOUN
ajfa-6010	147	13	2	2	NUM
ajfa-6010	147	14	es	es	NOUN
ajfa-6010	147	15	in	in	ADP
ajfa-6010	147	16	the	the	DET
ajfa-6010	147	17	stu	stu	PROPN
ajfa-6010	147	18	does	do	AUX
ajfa-6010	147	19	not	not	PART
ajfa-6010	147	20	m	m	VERB
ajfa-6010	147	21	ng	ng	PROPN
ajfa-6010	147	22	,	,	PUNCT
ajfa-6010	147	23	i	i	PRON
ajfa-6010	147	24	m	m	PROPN
ajfa-6010	147	25	,	,	PUNCT
ajfa-6010	147	26	pes	pes	PROPN
ajfa-6010	147	27	filips	filip	NOUN
ajfa-6010	147	28	(	(	PUNCT
ajfa-6010	147	29	1999	1999	NUM
ajfa-6010	147	30	han	han	PROPN
ajfa-6010	147	31	0.05	0.05	NUM
ajfa-6010	147	32	,	,	PUNCT
ajfa-6010	147	33	al	al	PROPN
ajfa-6010	147	34	blending	blending	PROPN
ajfa-6010	147	35	d	d	PROPN
ajfa-6010	147	36	ffects	ffect	NOUN
ajfa-6010	147	37	have	have	VERB
ajfa-6010	147	38	test	test	NOUN
ajfa-6010	147	39	whe	whe	PROPN
ajfa-6010	147	40	n	n	CCONJ
ajfa-6010	147	41	-	-	PUNCT
ajfa-6010	147	42	watson	watson	NOUN
ajfa-6010	147	43	,	,	PUNCT
ajfa-6010	147	44	a	a	DET
ajfa-6010	147	45	ypothesis	ypothesis	NOUN
ajfa-6010	147	46	r	r	NOUN
ajfa-6010	147	47	ypothesis	ypothesis	NOUN
ajfa-6010	147	48	:	:	PUNCT
ajfa-6010	147	49	d	d	NOUN
ajfa-6010	147	50	sults	sult	NOUN
ajfa-6010	147	51	of	of	ADP
ajfa-6010	147	52	dat	dat	ADJ
ajfa-6010	147	53	ing	ing	ADJ
ajfa-6010	147	54	panel	panel	NOUN
ajfa-6010	147	55	d	d	PROPN
ajfa-6010	147	56	sed	se	VERB
ajfa-6010	147	57	.	.	PUNCT
ajfa-6010	148	1	in	in	ADP
ajfa-6010	148	2	this	this	DET
ajfa-6010	148	3	sion	sion	NOUN
ajfa-6010	148	4	,	,	PUNCT
ajfa-6010	148	5	panel	panel	NOUN
ajfa-6010	148	6	s	s	PART
ajfa-6010	148	7	,	,	PUNCT
ajfa-6010	148	8	first	first	ADV
ajfa-6010	148	9	it	it	PRON
ajfa-6010	148	10	sh	sh	INTJ
ajfa-6010	148	11	is	be	AUX
ajfa-6010	148	12	appropr	appropr	PROPN
ajfa-6010	148	13	menting	mente	VERB
ajfa-6010	148	14	fixe	fixe	PROPN
ajfa-6010	148	15	sed	se	VERB
ajfa-6010	148	16	.	.	PROPN
ajfa-6010	149	1	2	2	NUM
ajfa-6010	149	2	.	.	X
ajfa-6010	149	3	f	f	X
ajfa-6010	149	4	-	-	PUNCT
ajfa-6010	149	5	test	test	NOUN
ajfa-6010	149	6	,	,	PUNCT
ajfa-6010	149	7	ha	ha	INTJ
ajfa-6010	149	8	va	va	PROPN
ajfa-6010	149	9	σ	σ	PROPN
ajfa-6010	149	10	β	β	PROPN
ajfa-6010	149	11	σ	σ	PROPN
ajfa-6010	149	12	/	/	PUNCT
ajfa-6010	149	13	udied	udied	ADJ
ajfa-6010	149	14	years	year	NOUN
ajfa-6010	149	15	make	make	VERB
ajfa-6010	149	16	false	false	ADJ
ajfa-6010	149	17	r	r	NOUN
ajfa-6010	149	18	ran	ran	NOUN
ajfa-6010	149	19	and	and	CCONJ
ajfa-6010	149	20	sh	sh	PROPN
ajfa-6010	149	21	9	9	NUM
ajfa-6010	149	22	)	)	PUNCT
ajfa-6010	149	23	have	have	VERB
ajfa-6010	149	24	bee	bee	NOUN
ajfa-6010	149	25	ll	ll	AUX
ajfa-6010	149	26	variables	variable	VERB
ajfa-6010	149	27	o	o	PROPN
ajfa-6010	149	28	data	data	PROPN
ajfa-6010	149	29	,	,	PUNCT
ajfa-6010	149	30	f	f	X
ajfa-6010	149	31	-	-	PUNCT
ajfa-6010	149	32	test	test	NOUN
ajfa-6010	149	33	been	be	AUX
ajfa-6010	149	34	used	use	VERB
ajfa-6010	149	35	.	.	PUNCT
ajfa-6010	150	1	ether	ether	NOUN
ajfa-6010	150	2	in	in	ADP
ajfa-6010	150	3	a	a	PRON
ajfa-6010	150	4	and	and	CCONJ
ajfa-6010	150	5	to	to	PART
ajfa-6010	150	6	test	test	VERB
ajfa-6010	150	7	n	n	PRON
ajfa-6010	150	8	results	result	VERB
ajfa-6010	150	9	downside	downside	ADJ
ajfa-6010	150	10	r	r	NOUN
ajfa-6010	150	11	ta	ta	ADP
ajfa-6010	150	12	blending	blend	VERB
ajfa-6010	150	13	data	datum	NOUN
ajfa-6010	150	14	is	be	AUX
ajfa-6010	150	15	awar	awar	ADJ
ajfa-6010	150	16	test	test	NOUN
ajfa-6010	150	17	,	,	PUNCT
ajfa-6010	150	18	with	with	SCONJ
ajfa-6010	150	19	re	re	NOUN
ajfa-6010	150	20	procedure	procedure	NOUN
ajfa-6010	150	21	hould	hould	AUX
ajfa-6010	150	22	be	be	AUX
ajfa-6010	150	23	d	d	NOUN
ajfa-6010	150	24	iate	iate	NOUN
ajfa-6010	150	25	.	.	PUNCT
ajfa-6010	151	1	to	to	PART
ajfa-6010	151	2	do	do	VERB
ajfa-6010	151	3	ed	ed	NOUN
ajfa-6010	151	4	effects	effect	NOUN
ajfa-6010	151	5	p	p	PROPN
ajfa-6010	151	6	asman	asman	NOUN
ajfa-6010	151	7	and	and	CCONJ
ajfa-6010	151	8	f	f	PROPN
ajfa-6010	151	9	ariable	ariable	ADJ
ajfa-6010	151	10	σ	σ	X
ajfa-6010	151	11			X
ajfa-6010	151	12	2	2	NUM
ajfa-6010	151	13			NUM
ajfa-6010	151	14	2	2	NUM
ajfa-6010	151	15	/	/	SYM
ajfa-6010	151	16	σ	σ	X
ajfa-6010	151	17	dββ	dββ	NOUN
ajfa-6010	151	18	/	/	SYM
ajfa-6010	151	19	dββ	dββ	NOUN
ajfa-6010	151	20	//2	//2	PUNCT
ajfa-6010	151	21	should	should	AUX
ajfa-6010	151	22	be	be	AUX
ajfa-6010	151	23	regression	regression	NOUN
ajfa-6010	151	24	.	.	PUNCT
ajfa-6010	152	1	hin	hin	X
ajfa-6010	152	2	(	(	PUNCT
ajfa-6010	152	3	2003	2003	NUM
ajfa-6010	152	4	)	)	PUNCT
ajfa-6010	152	5	en	en	CCONJ
ajfa-6010	152	6	used	use	VERB
ajfa-6010	152	7	.	.	PUNCT
ajfa-6010	153	1	ac	ac	INTJ
ajfa-6010	153	2	of	of	ADP
ajfa-6010	153	3	the	the	DET
ajfa-6010	153	4	study	study	NOUN
ajfa-6010	153	5	t	t	PROPN
ajfa-6010	153	6	has	have	AUX
ajfa-6010	153	7	been	be	AUX
ajfa-6010	153	8	.	.	PUNCT
ajfa-6010	154	1	to	to	PART
ajfa-6010	154	2	test	test	VERB
ajfa-6010	154	3	he	he	PRON
ajfa-6010	154	4	regression	regression	VERB
ajfa-6010	154	5	normality	normality	NOUN
ajfa-6010	154	6	of	of	ADP
ajfa-6010	154	7	risk	risk	NOUN
ajfa-6010	154	8	evaluate	evaluate	VERB
ajfa-6010	154	9	power	power	NOUN
ajfa-6010	154	10	test	test	NOUN
ajfa-6010	154	11	reness	reness	NOUN
ajfa-6010	154	12	of	of	ADP
ajfa-6010	154	13	pr	pr	NOUN
ajfa-6010	154	14	egard	egard	NOUN
ajfa-6010	154	15	to	to	ADP
ajfa-6010	154	16	the	the	PRON
ajfa-6010	154	17	can	can	AUX
ajfa-6010	154	18	be	be	AUX
ajfa-6010	154	19	us	we	PRON
ajfa-6010	154	20	etermined	etermine	VERB
ajfa-6010	154	21	t	t	NOUN
ajfa-6010	154	22	o	o	NOUN
ajfa-6010	155	1	so	so	ADV
ajfa-6010	155	2	,	,	PUNCT
ajfa-6010	155	3	hasm	hasm	NOUN
ajfa-6010	155	4	procedure	procedure	NOUN
ajfa-6010	155	5	.	.	PUNCT
ajfa-6010	156	1	t	t	PROPN
ajfa-6010	156	2	fixed	fix	VERB
ajfa-6010	156	3	effect	effect	NOUN
ajfa-6010	156	4	t	t	PROPN
ajfa-6010	156	5	obt	obt	PROPN
ajfa-6010	156	6	st	st	PROPN
ajfa-6010	156	7	(	(	PUNCT
ajfa-6010	156	8	2	2	NUM
ajfa-6010	156	9	2	2	NUM
ajfa-6010	156	10	2	2	NUM
ajfa-6010	156	11	2	2	NUM
ajfa-6010	156	12	414	414	NUM
ajfa-6010	156	13	fixed	fix	VERB
ajfa-6010	156	14	.	.	PUNCT
ajfa-6010	157	1	as	as	ADP
ajfa-6010	157	2	a	a	DET
ajfa-6010	157	3	to	to	PART
ajfa-6010	157	4	examin	examin	NOUN
ajfa-6010	157	5	and	and	CCONJ
ajfa-6010	157	6	expen	expen	ADJ
ajfa-6010	157	7	ccording	ccorde	VERB
ajfa-6010	157	8	to	to	ADP
ajfa-6010	157	9	y	y	PROPN
ajfa-6010	157	10	benefit	benefit	NOUN
ajfa-6010	157	11	fro	fro	NOUN
ajfa-6010	157	12	used	use	VERB
ajfa-6010	157	13	,	,	PUNCT
ajfa-6010	157	14	and	and	CCONJ
ajfa-6010	157	15	t	t	PROPN
ajfa-6010	157	16	eteregenouit	eteregenouit	PROPN
ajfa-6010	157	17	n	n	PRON
ajfa-6010	157	18	model	model	NOUN
ajfa-6010	157	19	e	e	X
ajfa-6010	157	20	f	f	PROPN
ajfa-6010	157	21	error	error	NOUN
ajfa-6010	157	22	sente	sente	PROPN
ajfa-6010	157	23	es	es	PROPN
ajfa-6010	157	24	stock	stock	PROPN
ajfa-6010	157	25	retu	retu	PROPN
ajfa-6010	157	26	t	t	PROPN
ajfa-6010	157	27	,	,	PUNCT
ajfa-6010	158	1	hasman	hasman	NOUN
ajfa-6010	158	2	roper	roper	NOUN
ajfa-6010	158	3	proce	proce	PROPN
ajfa-6010	158	4	e	e	PROPN
ajfa-6010	158	5	fact	fact	NOUN
ajfa-6010	158	6	that	that	SCONJ
ajfa-6010	158	7	f	f	PROPN
ajfa-6010	158	8	sed	se	VERB
ajfa-6010	158	9	.	.	PUNCT
ajfa-6010	159	1	to	to	AUX
ajfa-6010	159	2	est	est	VERB
ajfa-6010	159	3	that	that	PRON
ajfa-6010	159	4	which	which	DET
ajfa-6010	159	5	man	man	NOUN
ajfa-6010	159	6	is	be	AUX
ajfa-6010	159	7	used	use	VERB
ajfa-6010	159	8	then	then	ADV
ajfa-6010	159	9	to	to	PART
ajfa-6010	159	10	pro	pro	VERB
ajfa-6010	159	11	ts	ts	ADP
ajfa-6010	159	12	f	f	NOUN
ajfa-6010	159	13	-	-	PUNCT
ajfa-6010	159	14	test	test	NOUN
ajfa-6010	159	15	)	)	PUNCT
ajfa-6010	159	16	tained	taine	VERB
ajfa-6010	159	17	tatistic	tatistic	ADJ
ajfa-6010	159	18	2.132	2.132	NUM
ajfa-6010	159	19	1.879	1.879	NUM
ajfa-6010	159	20	1.865	1.865	NUM
ajfa-6010	159	21	1.867	1.867	NUM
ajfa-6010	159	22	2.755	2.755	NUM
ajfa-6010	159	23	2.357	2.357	NUM
ajfa-6010	159	24	2.756	2.756	NUM
ajfa-6010	159	25	asian	asian	NOUN
ajfa-6010	159	26	a	a	DET
ajfa-6010	159	27	conclusion	conclusion	NOUN
ajfa-6010	159	28	ne	ne	ADP
ajfa-6010	159	29	validity	validity	NOUN
ajfa-6010	159	30	,	,	PUNCT
ajfa-6010	159	31	ded	de	VERB
ajfa-6010	159	32	dickey	dickey	PROPN
ajfa-6010	159	33	o	o	PROPN
ajfa-6010	159	34	this	this	DET
ajfa-6010	159	35	test	test	NOUN
ajfa-6010	159	36	,	,	PUNCT
ajfa-6010	159	37	b	b	X
ajfa-6010	159	38	om	om	PROPN
ajfa-6010	159	39	validity	validity	NOUN
ajfa-6010	159	40	.	.	PUNCT
ajfa-6010	160	1	to	to	PART
ajfa-6010	160	2	select	select	VERB
ajfa-6010	160	3	pr	pr	NOUN
ajfa-6010	160	4	ty	ty	NUM
ajfa-6010	160	5	of	of	ADP
ajfa-6010	160	6	varian	varian	NOUN
ajfa-6010	160	7	error	error	NOUN
ajfa-6010	160	8	senten	senten	NOUN
ajfa-6010	160	9	ences	ence	NOUN
ajfa-6010	160	10	,	,	PUNCT
ajfa-6010	160	11	jark	jark	NOUN
ajfa-6010	160	12	-	-	PUNCT
ajfa-6010	160	13	b	b	NOUN
ajfa-6010	160	14	urn	urn	NOUN
ajfa-6010	160	15	mean	mean	NOUN
ajfa-6010	160	16	be	be	AUX
ajfa-6010	160	17	test	test	NOUN
ajfa-6010	160	18	and	and	CCONJ
ajfa-6010	160	19	fi	fi	NOUN
ajfa-6010	160	20	edure	edure	NOUN
ajfa-6010	160	21	of	of	ADP
ajfa-6010	160	22	est	est	X
ajfa-6010	160	23	f	f	PROPN
ajfa-6010	160	24	statistic	statistic	NOUN
ajfa-6010	160	25	is	be	AUX
ajfa-6010	160	26	timate	timate	NOUN
ajfa-6010	160	27	equa	equa	NOUN
ajfa-6010	160	28	of	of	ADP
ajfa-6010	160	29	the	the	DET
ajfa-6010	160	30	pro	pro	X
ajfa-6010	160	31	d.	d.	NOUN
ajfa-6010	160	32	in	in	ADP
ajfa-6010	160	33	this	this	PRON
ajfa-6010	160	34	te	te	PROPN
ajfa-6010	160	35	ove	ove	NOUN
ajfa-6010	160	36	hasman	hasman	PROPN
ajfa-6010	160	37	ftable	ftable	NOUN
ajfa-6010	160	38	2.895	2.895	NUM
ajfa-6010	160	39	2.895	2.895	NUM
ajfa-6010	160	40	2.895	2.895	NUM
ajfa-6010	160	41	2.895	2.895	NUM
ajfa-6010	160	42	3.122	3.122	NUM
ajfa-6010	160	43	3.122	3.122	NUM
ajfa-6010	160	44	3.343	3.343	NUM
ajfa-6010	160	45	n	n	NOUN
ajfa-6010	160	46	journal	journal	NOUN
ajfa-6010	160	47	of	of	ADP
ajfa-6010	160	48	f	f	PROPN
ajfa-6010	160	49	n	n	CCONJ
ajfa-6010	160	50	,	,	PUNCT
ajfa-6010	160	51	using	use	VERB
ajfa-6010	160	52	the	the	DET
ajfa-6010	160	53	lovin	lovin	NOUN
ajfa-6010	160	54	,	,	PUNCT
ajfa-6010	160	55	lin	lin	PROPN
ajfa-6010	160	56	y	y	PROPN
ajfa-6010	160	57	fouller	fouller	PROPN
ajfa-6010	160	58	a	a	PRON
ajfa-6010	160	59	because	because	SCONJ
ajfa-6010	160	60	pro	pro	ADJ
ajfa-6010	160	61	roper	roper	NOUN
ajfa-6010	160	62	model	model	PROPN
ajfa-6010	160	63	nce	nce	PROPN
ajfa-6010	160	64	,	,	PUNCT
ajfa-6010	160	65	lagran	lagran	PROPN
ajfa-6010	160	66	nces	nce	NOUN
ajfa-6010	160	67	are	be	AUX
ajfa-6010	160	68	c	c	PROPN
ajfa-6010	160	69	bera	bera	NOUN
ajfa-6010	160	70	test	test	NOUN
ajfa-6010	160	71	ha	ha	INTJ
ajfa-6010	160	72	etter	etter	VERB
ajfa-6010	160	73	than	than	ADP
ajfa-6010	160	74	tr	tr	VERB
ajfa-6010	160	75	xed	xed	PROPN
ajfa-6010	160	76	effects	effect	NOUN
ajfa-6010	160	77	imation	imation	NOUN
ajfa-6010	160	78	.	.	PUNCT
ajfa-6010	161	1	to	to	ADP
ajfa-6010	161	2	s	s	PRON
ajfa-6010	161	3	smaller	small	ADJ
ajfa-6010	161	4	,	,	PUNCT
ajfa-6010	161	5	h	h	NOUN
ajfa-6010	161	6	ations	ation	NOUN
ajfa-6010	161	7	with	with	ADP
ajfa-6010	161	8	ocedures	ocedure	NOUN
ajfa-6010	161	9	of	of	ADP
ajfa-6010	161	10	est	est	X
ajfa-6010	161	11	,	,	PUNCT
ajfa-6010	161	12	rejectin	rejectin	PROPN
ajfa-6010	161	13	n	n	CCONJ
ajfa-6010	161	14	,	,	PUNCT
ajfa-6010	161	15	fixed	fix	VERB
ajfa-6010	161	16	eff	eff	PROPN
ajfa-6010	161	17	hasman	hasman	PROPN
ajfa-6010	161	18	test	test	NOUN
ajfa-6010	161	19	)	)	PUNCT
ajfa-6010	161	20	prob	prob	NOUN
ajfa-6010	161	21	(	(	PUNCT
ajfa-6010	161	22	0.008	0.008	NUM
ajfa-6010	161	23	0.004	0.004	NUM
ajfa-6010	161	24	0.001	0.001	NUM
ajfa-6010	161	25	0.002	0.002	NUM
ajfa-6010	161	26	0.002	0.002	NUM
ajfa-6010	161	27	0.004	0.004	NUM
ajfa-6010	161	28	0.001	0.001	NUM
ajfa-6010	161	29	finance	finance	NOUN
ajfa-6010	161	30	&	&	CCONJ
ajfa-6010	161	31	ac	ac	PROPN
ajfa-6010	161	32	issn	issn	PROPN
ajfa-6010	161	33	19	19	NUM
ajfa-6010	161	34	2014	2014	NUM
ajfa-6010	161	35	,	,	PUNCT
ajfa-6010	161	36	vol	vol	NOUN
ajfa-6010	161	37	.	.	PUNCT
ajfa-6010	162	1	www.macrothi	www.macrothi	X
ajfa-6010	162	2	ese	ese	PROPN
ajfa-6010	162	3	variable	variable	PROPN
ajfa-6010	162	4	n	n	CCONJ
ajfa-6010	162	5	,	,	PUNCT
ajfa-6010	162	6	and	and	CCONJ
ajfa-6010	162	7	cho	cho	NOUN
ajfa-6010	162	8	and	and	CCONJ
ajfa-6010	162	9	unified	unified	ADJ
ajfa-6010	162	10	obability	obability	NOUN
ajfa-6010	162	11	am	be	AUX
ajfa-6010	162	12	l	l	NOUN
ajfa-6010	162	13	,	,	PUNCT
ajfa-6010	162	14	hasman	hasman	PROPN
ajfa-6010	162	15	nzh	nzh	PROPN
ajfa-6010	162	16	coeffici	coeffici	PROPN
ajfa-6010	162	17	correlated	correlate	VERB
ajfa-6010	162	18	ave	ave	AUX
ajfa-6010	162	19	been	be	AUX
ajfa-6010	162	20	use	use	VERB
ajfa-6010	162	21	raditional	raditional	NOUN
ajfa-6010	162	22	ris	ris	PROPN
ajfa-6010	162	23	s	s	PROPN
ajfa-6010	162	24	:	:	PUNCT
ajfa-6010	162	25	the	the	DET
ajfa-6010	162	26	first	first	ADJ
ajfa-6010	162	27	o	o	X
ajfa-6010	162	28	do	do	VERB
ajfa-6010	162	29	so	so	ADV
ajfa-6010	162	30	,	,	PUNCT
ajfa-6010	162	31	f	f	X
ajfa-6010	162	32	-	-	PUNCT
ajfa-6010	162	33	t	t	PROPN
ajfa-6010	162	34	h0	h0	NOUN
ajfa-6010	162	35	is	be	AUX
ajfa-6010	162	36	accepte	accepte	PROPN
ajfa-6010	162	37	h	h	NOUN
ajfa-6010	162	38	regard	regard	NOUN
ajfa-6010	162	39	to	to	ADP
ajfa-6010	162	40	f	f	PROPN
ajfa-6010	162	41	fixed	fix	VERB
ajfa-6010	162	42	and	and	CCONJ
ajfa-6010	162	43	ng	ng	PROPN
ajfa-6010	162	44	h0	h0	PROPN
ajfa-6010	162	45	is	be	AUX
ajfa-6010	162	46	b	b	PROPN
ajfa-6010	162	47	fects	fect	NOUN
ajfa-6010	162	48	proced	proce	VERB
ajfa-6010	162	49	fixed	fix	VERB
ajfa-6010	162	50	effects	effect	NOUN
ajfa-6010	162	51	test	test	NOUN
ajfa-6010	162	52	)	)	PUNCT
ajfa-6010	162	53	prob	prob	NOUN
ajfa-6010	162	54	(	(	PUNCT
ajfa-6010	162	55	0.000	0.000	NUM
ajfa-6010	162	56	0.000	0.000	NUM
ajfa-6010	162	57	0.000	0.000	NUM
ajfa-6010	162	58	0.000	0.000	NUM
ajfa-6010	162	59	0.000	0.000	NUM
ajfa-6010	162	60	0.000	0.000	NUM
ajfa-6010	162	61	0.000	0.000	NUM
ajfa-6010	162	62	ccounting	ccounte	VERB
ajfa-6010	162	63	946	946	NUM
ajfa-6010	162	64	-	-	PUNCT
ajfa-6010	162	65	052x	052x	NOUN
ajfa-6010	162	66	6	6	NUM
ajfa-6010	162	67	,	,	PUNCT
ajfa-6010	162	68	no	no	INTJ
ajfa-6010	162	69	.	.	NOUN
ajfa-6010	162	70	2	2	NUM
ajfa-6010	162	71	ink.org/ajfa	ink.org/ajfa	NOUN
ajfa-6010	162	72	es	es	NOUN
ajfa-6010	162	73	in	in	ADP
ajfa-6010	162	74	this	this	PRON
ajfa-6010	162	75	(	(	PUNCT
ajfa-6010	162	76	2002	2002	NUM
ajfa-6010	162	77	)	)	PUNCT
ajfa-6010	162	78	,	,	PUNCT
ajfa-6010	162	79	root	root	NOUN
ajfa-6010	162	80	of	of	ADP
ajfa-6010	162	81	mount	mount	PROPN
ajfa-6010	162	82	is	be	AUX
ajfa-6010	162	83	test	test	NOUN
ajfa-6010	162	84	and	and	CCONJ
ajfa-6010	162	85	ient	ient	ADJ
ajfa-6010	162	86	test	test	NOUN
ajfa-6010	162	87	,	,	PUNCT
ajfa-6010	162	88	or	or	CCONJ
ajfa-6010	162	89	not	not	PART
ajfa-6010	162	90	,	,	PUNCT
ajfa-6010	163	1	ed	ed	NOUN
ajfa-6010	163	2	.	.	PUNCT
ajfa-6010	164	1	sk	sk	PROPN
ajfa-6010	164	2	does	do	VERB
ajfa-6010	164	3	.	.	PUNCT
ajfa-6010	165	1	stage	stage	NOUN
ajfa-6010	165	2	in	in	ADP
ajfa-6010	165	3	test	test	NOUN
ajfa-6010	165	4	has	have	VERB
ajfa-6010	165	5	ed	ed	NOUN
ajfa-6010	165	6	.	.	PUNCT
ajfa-6010	166	1	as	as	SCONJ
ajfa-6010	166	2	a	a	DET
ajfa-6010	166	3	sample	sample	NOUN
ajfa-6010	166	4	random	random	NOUN
ajfa-6010	166	5	ased	ase	VERB
ajfa-6010	166	6	on	on	ADP
ajfa-6010	166	7	dure	dure	PROPN
ajfa-6010	166	8	has	have	VERB
ajfa-6010	166	9	statistic	statistic	ADJ
ajfa-6010	166	10	level	level	NOUN
ajfa-6010	166	11	of	of	ADP
ajfa-6010	166	12	(	(	PUNCT
ajfa-6010	166	13	72	72	NUM
ajfa-6010	166	14	%	%	NOUN
ajfa-6010	166	15	)	)	PUNCT
ajfa-6010	166	16	c	c	NOUN
ajfa-6010	166	17	power	power	NOUN
ajfa-6010	166	18	coeffici	coeffici	NOUN
ajfa-6010	166	19	indicate	indicate	VERB
ajfa-6010	166	20	it	it	PRON
ajfa-6010	166	21	is	be	AUX
ajfa-6010	166	22	mo	mo	PROPN
ajfa-6010	166	23	table	table	NOUN
ajfa-6010	166	24	3	3	NUM
ajfa-6010	166	25	mr	mr	PROPN
ajfa-6010	166	26	:	:	PUNCT
ajfa-6010	166	27	ret	ret	PROPN
ajfa-6010	166	28	lm	lm	PROPN
ajfa-6010	166	29	:	:	PUNCT
ajfa-6010	166	30	va	va	NOUN
ajfa-6010	166	31	tables	table	NOUN
ajfa-6010	166	32	(	(	PUNCT
ajfa-6010	166	33	statistic	statistic	NOUN
ajfa-6010	166	34	in	in	ADP
ajfa-6010	166	35	table	table	NOUN
ajfa-6010	166	36	downsiz	downsiz	PROPN
ajfa-6010	166	37	semi	semi	PROPN
ajfa-6010	166	38	va	va	PROPN
ajfa-6010	166	39	downsiz	downsiz	PROPN
ajfa-6010	166	40	downsiz	downsiz	PROPN
ajfa-6010	167	1	c	c	PROPN
ajfa-6010	167	2	f	f	PROPN
ajfa-6010	167	3	in	in	ADP
ajfa-6010	167	4	all	all	PRON
ajfa-6010	167	5	ta	ta	ADP
ajfa-6010	167	6	f	f	PROPN
ajfa-6010	167	7	95	95	NUM
ajfa-6010	167	8	%	%	NOUN
ajfa-6010	167	9	.	.	PUNCT
ajfa-6010	168	1	in	in	ADP
ajfa-6010	168	2	t	t	PROPN
ajfa-6010	168	3	compared	compare	VERB
ajfa-6010	168	4	t	t	PROPN
ajfa-6010	168	5	compared	compare	VERB
ajfa-6010	168	6	t	t	PROPN
ajfa-6010	168	7	ient	ient	PROPN
ajfa-6010	168	8	(	(	PUNCT
ajfa-6010	168	9	38.36	38.36	NUM
ajfa-6010	168	10	)	)	PUNCT
ajfa-6010	168	11	es	es	NOUN
ajfa-6010	168	12	there	there	PRON
ajfa-6010	168	13	is	be	VERB
ajfa-6010	168	14	a	a	DET
ajfa-6010	168	15	ore	ore	NOUN
ajfa-6010	168	16	affected	affect	VERB
ajfa-6010	168	17	.	.	PUNCT
ajfa-6010	169	1	results	result	NOUN
ajfa-6010	169	2	of	of	ADP
ajfa-6010	169	3	irv	irv	PROPN
ajfa-6010	170	1	f	f	PROPN
ajfa-6010	170	2	_	_	PUNCT
ajfa-6010	170	3	p	p	X
ajfa-6010	170	4	lm	lm	INTJ
ajfa-6010	170	5	dur	dur	X
ajfa-6010	170	6	jar	jar	NOUN
ajfa-6010	170	7	p	p	PROPN
ajfa-6010	170	8	turn	turn	NOUN
ajfa-6010	170	9	mean	mean	VERB
ajfa-6010	170	10	,	,	PUNCT
ajfa-6010	170	11	alue	alue	NOUN
ajfa-6010	170	12	of	of	ADP
ajfa-6010	170	13	statis	statis	NOUN
ajfa-6010	170	14	(	(	PUNCT
ajfa-6010	170	15	3.24	3.24	NUM
ajfa-6010	170	16	)	)	PUNCT
ajfa-6010	170	17	,	,	PUNCT
ajfa-6010	170	18	jarq	jarq	PROPN
ajfa-6010	170	19	c	c	PROPN
ajfa-6010	170	20	should	should	AUX
ajfa-6010	170	21	be	be	AUX
ajfa-6010	170	22	m	m	NOUN
ajfa-6010	170	23	e	e	NOUN
ajfa-6010	170	24	4	4	NUM
ajfa-6010	170	25	,	,	PUNCT
ajfa-6010	170	26	as	as	ADP
ajfa-6010	170	27	the	the	DET
ajfa-6010	170	28	r	r	NOUN
ajfa-6010	170	29	ze	ze	NOUN
ajfa-6010	170	30	beta	beta	NOUN
ajfa-6010	170	31	,	,	PUNCT
ajfa-6010	170	32	hav	hav	AUX
ajfa-6010	170	33	ariance	ariance	VERB
ajfa-6010	170	34	coe	coe	PROPN
ajfa-6010	170	35	ze	ze	PROPN
ajfa-6010	170	36	beta	beta	PROPN
ajfa-6010	170	37	coe	coe	PROPN
ajfa-6010	170	38	ze	ze	PROPN
ajfa-6010	170	39	risk	risk	NOUN
ajfa-6010	170	40	crite	crite	NOUN
ajfa-6010	170	41	ables	able	NOUN
ajfa-6010	170	42	of	of	ADP
ajfa-6010	170	43	this	this	DET
ajfa-6010	170	44	table	table	NOUN
ajfa-6010	170	45	3	3	NUM
ajfa-6010	170	46	,	,	PUNCT
ajfa-6010	170	47	reg	reg	VERB
ajfa-6010	170	48	to	to	PART
ajfa-6010	170	49	traditiona	traditiona	VERB
ajfa-6010	170	50	to	to	ADP
ajfa-6010	170	51	tradition	tradition	NOUN
ajfa-6010	170	52	and	and	CCONJ
ajfa-6010	170	53	downs	down	NOUN
ajfa-6010	170	54	a	a	DET
ajfa-6010	170	55	significant	significant	ADJ
ajfa-6010	170	56	by	by	ADP
ajfa-6010	170	57	downsiz	downsiz	PROPN
ajfa-6010	170	58	test	test	NOUN
ajfa-6010	170	59	betwee	betwee	NOUN
ajfa-6010	170	60	0	0	NUM
ajfa-6010	170	61	α	α	NOUN
ajfa-6010	170	62	1	1	NUM
ajfa-6010	170	63	α	α	NUM
ajfa-6010	170	64	r2	r2	PROPN
ajfa-6010	170	65	adj.r2	adj.r2	ADV
ajfa-6010	170	66	_	_	PUNCT
ajfa-6010	170	67	statistic	statistic	ADJ
ajfa-6010	170	68	prob(f	prob(f	PROPN
ajfa-6010	170	69	-	-	PUNCT
ajfa-6010	170	70	s	s	NOUN
ajfa-6010	170	71	)	)	PUNCT
ajfa-6010	170	72	m(statistic	m(statistic	ADJ
ajfa-6010	170	73	)	)	PUNCT
ajfa-6010	170	74	rbin	rbin	PROPN
ajfa-6010	170	75	-	-	PUNCT
ajfa-6010	170	76	watson	watson	NOUN
ajfa-6010	170	77	rque	rque	NOUN
ajfa-6010	170	78	-	-	PUNCT
ajfa-6010	170	79	bera	bera	NOUN
ajfa-6010	170	80	prob(j	prob(j	PROPN
ajfa-6010	170	81	-	-	PUNCT
ajfa-6010	170	82	b	b	NOUN
ajfa-6010	170	83	)	)	PUNCT
ajfa-6010	170	84	d.w	d.w	NOUN
ajfa-6010	170	85	:	:	PUNCT
ajfa-6010	170	86	d	d	X
ajfa-6010	170	87	stic	stic	NOUN
ajfa-6010	170	88	of	of	ADP
ajfa-6010	170	89	lagr	lagr	ADJ
ajfa-6010	170	90	que	que	NOUN
ajfa-6010	170	91	-	-	NOUN
ajfa-6010	170	92	bera	bera	NOUN
ajfa-6010	170	93	:	:	PUNCT
ajfa-6010	170	94	th	th	X
ajfa-6010	170	95	more	more	ADJ
ajfa-6010	170	96	than	than	ADP
ajfa-6010	170	97	0	0	NUM
ajfa-6010	170	98	research	research	NOUN
ajfa-6010	170	99	var	var	NOUN
ajfa-6010	170	100	ve	ve	AUX
ajfa-6010	170	101	been	be	AUX
ajfa-6010	170	102	inse	inse	PROPN
ajfa-6010	170	103	efficient	efficient	ADJ
ajfa-6010	170	104	is	be	AUX
ajfa-6010	170	105	fficient	fficient	ADJ
ajfa-6010	170	106	(	(	PUNCT
ajfa-6010	170	107	4.6	4.6	NUM
ajfa-6010	170	108	eria	eria	NOUN
ajfa-6010	170	109	are	be	AUX
ajfa-6010	170	110	inse	inse	PROPN
ajfa-6010	170	111	research	research	NOUN
ajfa-6010	170	112	sh	sh	AUX
ajfa-6010	170	113	garding	garde	VERB
ajfa-6010	170	114	high	high	ADJ
ajfa-6010	170	115	al	al	PROPN
ajfa-6010	170	116	beta	beta	NOUN
ajfa-6010	170	117	and	and	CCONJ
ajfa-6010	170	118	nal	nal	ADJ
ajfa-6010	170	119	risk	risk	NOUN
ajfa-6010	170	120	in	in	ADP
ajfa-6010	170	121	size	size	NOUN
ajfa-6010	170	122	beta	beta	NOUN
ajfa-6010	170	123	(	(	PUNCT
ajfa-6010	170	124	4	4	NUM
ajfa-6010	170	125	.	.	X
ajfa-6010	170	126	t	t	PROPN
ajfa-6010	170	127	relationshi	relationshi	PROPN
ajfa-6010	170	128	ze	ze	PROPN
ajfa-6010	170	129	risk	risk	NOUN
ajfa-6010	170	130	.	.	PUNCT
ajfa-6010	171	1	n	n	CCONJ
ajfa-6010	171	2	stock	stock	PROPN
ajfa-6010	171	3	retu	retu	PROPN
ajfa-6010	171	4	imr	imr	PROPN
ajfa-6010	171	5	σ	σ	PROPN
ajfa-6010	171	6	-0.27(0	-0.27(0	PROPN
ajfa-6010	171	7	.	.	PUNCT
ajfa-6010	172	1	1.37(0.0	1.37(0.0	NUM
ajfa-6010	172	2	0.6	0.6	NUM
ajfa-6010	172	3	0.6	0.6	NUM
ajfa-6010	172	4	254	254	NUM
ajfa-6010	172	5	0.00	0.00	NUM
ajfa-6010	172	6	2.8	2.8	NUM
ajfa-6010	172	7	1.8	1.8	NUM
ajfa-6010	172	8	n	n	CCONJ
ajfa-6010	172	9	1.0	1.0	NUM
ajfa-6010	172	10	0.5	0.5	NUM
ajfa-6010	172	11	dourbin	dourbin	ADJ
ajfa-6010	172	12	-	-	PUNCT
ajfa-6010	172	13	wa	wa	NOUN
ajfa-6010	172	14	ranzh	ranzh	PROPN
ajfa-6010	172	15	coeffi	coeffi	VERB
ajfa-6010	172	16	he	he	PRON
ajfa-6010	172	17	test	test	NOUN
ajfa-6010	172	18	of	of	ADP
ajfa-6010	172	19	0.05	0.05	NUM
ajfa-6010	172	20	.	.	PUNCT
ajfa-6010	173	1	the	the	DET
ajfa-6010	173	2	nu	nu	PROPN
ajfa-6010	173	3	riables	riable	NOUN
ajfa-6010	173	4	that	that	PRON
ajfa-6010	173	5	erted	erte	VERB
ajfa-6010	173	6	two	two	NUM
ajfa-6010	173	7	by	by	ADP
ajfa-6010	173	8	high	high	ADJ
ajfa-6010	173	9	(	(	PUNCT
ajfa-6010	173	10	28.8	28.8	NUM
ajfa-6010	173	11	)	)	PUNCT
ajfa-6010	173	12	68	68	NUM
ajfa-6010	173	13	)	)	PUNCT
ajfa-6010	173	14	is	be	AUX
ajfa-6010	173	15	high	high	ADJ
ajfa-6010	173	16	c	c	NOUN
ajfa-6010	173	17	erted	erte	VERB
ajfa-6010	173	18	,	,	PUNCT
ajfa-6010	173	19	risk	risk	NOUN
ajfa-6010	173	20	t	t	NOUN
ajfa-6010	173	21	415	415	NUM
ajfa-6010	173	22	how	how	SCONJ
ajfa-6010	173	23	s	s	VERB
ajfa-6010	173	24	that	that	PRON
ajfa-6010	173	25	a	a	DET
ajfa-6010	173	26	hness	hness	NOUN
ajfa-6010	173	27	of	of	ADP
ajfa-6010	173	28	r2	r2	PROPN
ajfa-6010	173	29	d	d	PROPN
ajfa-6010	173	30	variance	variance	NOUN
ajfa-6010	173	31	i	i	PRON
ajfa-6010	173	32	evaluating	evaluate	VERB
ajfa-6010	173	33	83	83	NUM
ajfa-6010	173	34	)	)	PUNCT
ajfa-6010	173	35	is	be	AUX
ajfa-6010	173	36	high	high	ADJ
ajfa-6010	173	37	ip	ip	NOUN
ajfa-6010	173	38	between	between	ADP
ajfa-6010	173	39	urn	urn	PROPN
ajfa-6010	173	40	mean	mean	NOUN
ajfa-6010	173	41	an	an	DET
ajfa-6010	173	42	rvαα	rvαα	NOUN
ajfa-6010	173	43	+	+	NOUN
ajfa-6010	173	44	=	=	SYM
ajfa-6010	173	45	10	10	NUM
ajfa-6010	173	46	0.04	0.04	NUM
ajfa-6010	173	47	.000	.000	NUM
ajfa-6010	173	48	*	*	PUNCT
ajfa-6010	173	49	)	)	PUNCT
ajfa-6010	173	50	0.7	0.7	NUM
ajfa-6010	173	51	003	003	NUM
ajfa-6010	173	52	*	*	NUM
ajfa-6010	173	53	)	)	PUNCT
ajfa-6010	173	54	3	3	NUM
ajfa-6010	173	55	1	1	NUM
ajfa-6010	173	56	1	1	NUM
ajfa-6010	173	57	.9	.9	NUM
ajfa-6010	173	58	00	00	NUM
ajfa-6010	173	59	8	8	NUM
ajfa-6010	173	60	9	9	NUM
ajfa-6010	173	61	9	9	NUM
ajfa-6010	173	62	7	7	NUM
ajfa-6010	173	63	atson	atson	NOUN
ajfa-6010	173	64	test	test	NOUN
ajfa-6010	173	65	t	t	PROPN
ajfa-6010	173	66	icient	icient	NOUN
ajfa-6010	173	67	which	which	DET
ajfa-6010	173	68	normality	normality	NOUN
ajfa-6010	173	69	o	o	NOUN
ajfa-6010	173	70	umbers	umber	NOUN
ajfa-6010	173	71	of	of	ADP
ajfa-6010	173	72	s	s	PRON
ajfa-6010	173	73	t	t	NOUN
ajfa-6010	173	74	is	be	AUX
ajfa-6010	173	75	variance	variance	NOUN
ajfa-6010	173	76	y	y	PROPN
ajfa-6010	173	77	two	two	NUM
ajfa-6010	173	78	,	,	PUNCT
ajfa-6010	173	79	it	it	PRON
ajfa-6010	173	80	ca	can	AUX
ajfa-6010	173	81	)	)	PUNCT
ajfa-6010	173	82	compared	compare	VERB
ajfa-6010	173	83	compared	compare	VERB
ajfa-6010	173	84	to	to	ADP
ajfa-6010	173	85	traditional	traditional	ADJ
ajfa-6010	173	86	c	c	NOUN
ajfa-6010	173	87	asian	asian	PROPN
ajfa-6010	173	88	ll	ll	AUX
ajfa-6010	173	89	processed	process	VERB
ajfa-6010	173	90	2semivarian	2semivarian	NUM
ajfa-6010	173	91	indicates	indicate	VERB
ajfa-6010	173	92	do	do	VERB
ajfa-6010	173	93	stock	stock	NOUN
ajfa-6010	173	94	retur	retur	NOUN
ajfa-6010	173	95	compared	compare	VERB
ajfa-6010	173	96	t	t	PROPN
ajfa-6010	173	97	downsize	downsize	VERB
ajfa-6010	174	1	ri	ri	PROPN
ajfa-6010	174	2	nd	nd	NOUN
ajfa-6010	174	3	risk	risk	NOUN
ajfa-6010	174	4	varia	varia	NOUN
ajfa-6010	174	5	iiv	iiv	X
ajfa-6010	174	6	ε+	ε+	X
ajfa-6010	174	7	4(0.000	4(0.000	NUM
ajfa-6010	174	8	*	*	NOUN
ajfa-6010	174	9	)	)	PUNCT
ajfa-6010	174	10	7(0.000	7(0.000	NUM
ajfa-6010	174	11	*	*	NOUN
ajfa-6010	174	12	)	)	PUNCT
ajfa-6010	174	13	0.57	0.57	NUM
ajfa-6010	174	14	0.55	0.55	NUM
ajfa-6010	174	15	117.16	117.16	NUM
ajfa-6010	174	16	0.000	0.000	NUM
ajfa-6010	174	17	2.63	2.63	NUM
ajfa-6010	174	18	2.18	2.18	NUM
ajfa-6010	174	19	3.75	3.75	NUM
ajfa-6010	174	20	0.153	0.153	NUM
ajfa-6010	174	21	that	that	DET
ajfa-6010	174	22	statistic	statistic	ADJ
ajfa-6010	174	23	h	h	NOUN
ajfa-6010	174	24	its	its	PRON
ajfa-6010	174	25	value	value	NOUN
ajfa-6010	174	26	s	s	X
ajfa-6010	174	27	of	of	ADP
ajfa-6010	174	28	error	error	NOUN
ajfa-6010	174	29	se	se	PROPN
ajfa-6010	174	30	tatistic	tatistic	PROPN
ajfa-6010	174	31	t	t	PROPN
ajfa-6010	174	32	are	be	AUX
ajfa-6010	174	33	e	e	NOUN
ajfa-6010	174	34	and	and	CCONJ
ajfa-6010	174	35	semi	semi	ADV
ajfa-6010	174	36	an	an	DET
ajfa-6010	174	37	be	be	NOUN
ajfa-6010	174	38	observ	observ	X
ajfa-6010	174	39	d	d	X
ajfa-6010	174	40	to	to	ADP
ajfa-6010	174	41	varianc	varianc	PROPN
ajfa-6010	174	42	o	o	PROPN
ajfa-6010	174	43	traditiona	traditiona	PROPN
ajfa-6010	174	44	criteria	criterion	NOUN
ajfa-6010	174	45	are	be	AUX
ajfa-6010	174	46	n	n	PRON
ajfa-6010	174	47	n	n	PRON
ajfa-6010	174	48	journal	journal	NOUN
ajfa-6010	174	49	of	of	ADP
ajfa-6010	174	50	f	f	PROPN
ajfa-6010	174	51	d	d	PROPN
ajfa-6010	174	52	regressio	regressio	NOUN
ajfa-6010	174	53	nce	nce	NOUN
ajfa-6010	174	54	(	(	PUNCT
ajfa-6010	174	55	73	73	NUM
ajfa-6010	174	56	%	%	NOUN
ajfa-6010	174	57	)	)	PUNCT
ajfa-6010	174	58	,	,	PUNCT
ajfa-6010	174	59	ownsize	ownsize	VERB
ajfa-6010	174	60	ris	ris	PROPN
ajfa-6010	174	61	rn	rn	PROPN
ajfa-6010	174	62	mean	mean	VERB
ajfa-6010	174	63	.	.	PUNCT
ajfa-6010	175	1	t	t	PROPN
ajfa-6010	175	2	to	to	PART
ajfa-6010	175	3	traditiona	traditiona	VERB
ajfa-6010	175	4	isk	isk	NOUN
ajfa-6010	175	5	and	and	CCONJ
ajfa-6010	175	6	stoc	stoc	NOUN
ajfa-6010	175	7	ables	able	NOUN
ajfa-6010	175	8	-0.66(0.000	-0.66(0.000	NUM
ajfa-6010	175	9	38.36(0.00	38.36(0.00	NUM
ajfa-6010	175	10	0.73	0.73	NUM
ajfa-6010	175	11	0.72	0.72	NUM
ajfa-6010	175	12	281.53	281.53	NUM
ajfa-6010	175	13	0.000	0.000	NUM
ajfa-6010	175	14	2.85	2.85	NUM
ajfa-6010	175	15	2.09	2.09	NUM
ajfa-6010	175	16	2.51	2.51	NUM
ajfa-6010	175	17	0.28	0.28	NUM
ajfa-6010	175	18	c	c	NOUN
ajfa-6010	175	19	should	should	AUX
ajfa-6010	175	20	be	be	AUX
ajfa-6010	175	21	should	should	AUX
ajfa-6010	175	22	be	be	AUX
ajfa-6010	175	23	lo	lo	PROPN
ajfa-6010	175	24	entences	entence	NOUN
ajfa-6010	175	25	wh	wh	VERB
ajfa-6010	175	26	e	e	NOUN
ajfa-6010	175	27	in	in	ADP
ajfa-6010	175	28	regressi	regressi	PROPN
ajfa-6010	175	29	variance	variance	NOUN
ajfa-6010	175	30	,	,	PUNCT
ajfa-6010	175	31	tr	tr	PRON
ajfa-6010	175	32	ved	ve	VERB
ajfa-6010	175	33	that	that	SCONJ
ajfa-6010	175	34	reg	reg	PROPN
ajfa-6010	175	35	ce	ce	PROPN
ajfa-6010	175	36	coefficie	coefficie	PROPN
ajfa-6010	175	37	al	al	PROPN
ajfa-6010	175	38	beta	beta	PROPN
ajfa-6010	175	39	coeff	coeff	PROPN
ajfa-6010	175	40	not	not	PART
ajfa-6010	175	41	signific	signific	NOUN
ajfa-6010	175	42	finance	finance	PROPN
ajfa-6010	175	43	&	&	CCONJ
ajfa-6010	175	44	ac	ac	PROPN
ajfa-6010	175	45	issn	issn	PROPN
ajfa-6010	175	46	19	19	NUM
ajfa-6010	175	47	2014	2014	NUM
ajfa-6010	175	48	,	,	PUNCT
ajfa-6010	175	49	vol	vol	NOUN
ajfa-6010	175	50	.	.	PUNCT
ajfa-6010	176	1	www.macrothi	www.macrothi	PROPN
ajfa-6010	177	1	on	on	ADP
ajfa-6010	177	2	models	model	NOUN
ajfa-6010	177	3	ar	ar	PROPN
ajfa-6010	177	4	and	and	CCONJ
ajfa-6010	177	5	downs	down	NOUN
ajfa-6010	177	6	k	k	PROPN
ajfa-6010	177	7	high	high	ADJ
ajfa-6010	177	8	exp	exp	NOUN
ajfa-6010	177	9	that	that	PRON
ajfa-6010	177	10	semi	semi	ADV
ajfa-6010	177	11	v	v	ADP
ajfa-6010	177	12	al	al	PROPN
ajfa-6010	177	13	beta	beta	NOUN
ajfa-6010	177	14	and	and	CCONJ
ajfa-6010	177	15	v	v	NOUN
ajfa-6010	177	16	ck	ck	NOUN
ajfa-6010	177	17	return	return	NOUN
ajfa-6010	177	18	me	i	PRON
ajfa-6010	177	19	-0.69	-0.69	NOUN
ajfa-6010	177	20	(	(	PUNCT
ajfa-6010	177	21	0	0	NUM
ajfa-6010	177	22	*	*	NUM
ajfa-6010	177	23	)	)	PUNCT
ajfa-6010	177	24	4.83(0	4.83(0	NUM
ajfa-6010	178	1	2	2	NUM
ajfa-6010	178	2	*	*	NUM
ajfa-6010	178	3	)	)	PUNCT
ajfa-6010	178	4	0	0	NUM
ajfa-6010	178	5	.	.	PROPN
ajfa-6010	178	6	0	0	NUM
ajfa-6010	178	7	.	.	NOUN
ajfa-6010	178	8	258	258	NUM
ajfa-6010	178	9	0.0	0.0	NUM
ajfa-6010	178	10	2	2	NUM
ajfa-6010	178	11	.	.	NOUN
ajfa-6010	178	12	2	2	NUM
ajfa-6010	178	13	.	.	NOUN
ajfa-6010	178	14	1	1	NUM
ajfa-6010	178	15	.	.	NOUN
ajfa-6010	178	16	0	0	NUM
ajfa-6010	178	17	.	.	PUNCT
ajfa-6010	179	1	between	between	ADP
ajfa-6010	179	2	1	1	X
ajfa-6010	179	3	.	.	X
ajfa-6010	179	4	ower	ow	ADJ
ajfa-6010	179	5	than	than	ADP
ajfa-6010	179	6	k	k	PROPN
ajfa-6010	179	7	hose	hose	PROPN
ajfa-6010	179	8	probab	probab	PROPN
ajfa-6010	179	9	ion	ion	NOUN
ajfa-6010	179	10	table	table	NOUN
ajfa-6010	179	11	.	.	PUNCT
ajfa-6010	180	1	raditional	raditional	NOUN
ajfa-6010	180	2	b	b	PROPN
ajfa-6010	180	3	garding	garde	VERB
ajfa-6010	180	4	the	the	DET
ajfa-6010	180	5	ent	ent	NOUN
ajfa-6010	180	6	(	(	PUNCT
ajfa-6010	180	7	0.38	0.38	NUM
ajfa-6010	180	8	)	)	PUNCT
ajfa-6010	180	9	,	,	PUNCT
ajfa-6010	180	10	a	a	DET
ajfa-6010	180	11	ficient	ficient	NOUN
ajfa-6010	180	12	(	(	PUNCT
ajfa-6010	180	13	0.27	0.27	NUM
ajfa-6010	180	14	ca	ca	NOUN
ajfa-6010	180	15	nt	nt	PRON
ajfa-6010	180	16	.	.	PUNCT
ajfa-6010	181	1	that	that	PRON
ajfa-6010	182	1	d	d	ADP
ajfa-6010	182	2	ccounting	ccounte	VERB
ajfa-6010	182	3	946	946	NUM
ajfa-6010	182	4	-	-	PUNCT
ajfa-6010	182	5	052x	052x	NOUN
ajfa-6010	182	6	6	6	NUM
ajfa-6010	182	7	,	,	PUNCT
ajfa-6010	182	8	no	no	INTJ
ajfa-6010	182	9	.	.	NOUN
ajfa-6010	182	10	2	2	NUM
ajfa-6010	182	11	ink.org/ajfa	ink.org/ajfa	X
ajfa-6010	182	12	re	re	NOUN
ajfa-6010	182	13	at	at	ADP
ajfa-6010	182	14	the	the	DET
ajfa-6010	182	15	size	size	NOUN
ajfa-6010	182	16	beta	beta	NOUN
ajfa-6010	182	17	planation	planation	NOUN
ajfa-6010	182	18	variance	variance	NOUN
ajfa-6010	182	19	variance	variance	NOUN
ajfa-6010	182	20	ean	ean	NOUN
ajfa-6010	182	21	,	,	PUNCT
ajfa-6010	182	22	and	and	CCONJ
ajfa-6010	182	23	(	(	PUNCT
ajfa-6010	182	24	0.000	0.000	NUM
ajfa-6010	182	25	*	*	PUNCT
ajfa-6010	182	26	)	)	PUNCT
ajfa-6010	182	27	0.008	0.008	NUM
ajfa-6010	182	28	*	*	NOUN
ajfa-6010	182	29	)	)	PUNCT
ajfa-6010	182	30	.72	.72	NUM
ajfa-6010	182	31	.71	.71	NUM
ajfa-6010	182	32	8.54	8.54	NUM
ajfa-6010	182	33	000	000	NUM
ajfa-6010	182	34	.73	.73	NUM
ajfa-6010	183	1	.08	.08	NUM
ajfa-6010	183	2	.07	.07	NUM
ajfa-6010	183	3	.58	.58	NUM
ajfa-6010	183	4	5	5	NUM
ajfa-6010	183	5	to	to	ADP
ajfa-6010	183	6	2.5	2.5	NUM
ajfa-6010	183	7	,	,	PUNCT
ajfa-6010	183	8	k	k	PROPN
ajfa-6010	183	9	of	of	ADP
ajfa-6010	183	10	two	two	NUM
ajfa-6010	183	11	bility	bility	NOUN
ajfa-6010	183	12	of	of	ADP
ajfa-6010	183	13	beta	beta	NOUN
ajfa-6010	183	14	,	,	PUNCT
ajfa-6010	183	15	and	and	CCONJ
ajfa-6010	183	16	fact	fact	NOUN
ajfa-6010	183	17	that	that	SCONJ
ajfa-6010	183	18	and	and	CCONJ
ajfa-6010	183	19	that	that	SCONJ
ajfa-6010	183	20	7	7	NUM
ajfa-6010	183	21	)	)	PUNCT
ajfa-6010	183	22	,	,	PUNCT
ajfa-6010	183	23	when	when	SCONJ
ajfa-6010	183	24	downsize	downsize	VERB
ajfa-6010	183	25	asian	asian	ADJ
ajfa-6010	183	26	journal	journal	PROPN
ajfa-6010	183	27	of	of	ADP
ajfa-6010	183	28	finance	finance	PROPN
ajfa-6010	183	29	&	&	CCONJ
ajfa-6010	183	30	accounting	accounting	PROPN
ajfa-6010	183	31	issn	issn	PROPN
ajfa-6010	183	32	1946	1946	NUM
ajfa-6010	183	33	-	-	PUNCT
ajfa-6010	183	34	052x	052x	PROPN
ajfa-6010	183	35	2014	2014	NUM
ajfa-6010	183	36	,	,	PUNCT
ajfa-6010	183	37	vol	vol	NOUN
ajfa-6010	183	38	.	.	PROPN
ajfa-6010	183	39	6	6	NUM
ajfa-6010	183	40	,	,	PUNCT
ajfa-6010	183	41	no	no	INTJ
ajfa-6010	183	42	.	.	NOUN
ajfa-6010	183	43	2	2	NUM
ajfa-6010	183	44	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6010	183	45	416	416	NUM
ajfa-6010	183	46	risk	risk	NOUN
ajfa-6010	183	47	coefficients	coefficient	NOUN
ajfa-6010	183	48	are	be	AUX
ajfa-6010	183	49	positive	positive	ADJ
ajfa-6010	183	50	and	and	CCONJ
ajfa-6010	183	51	high	high	ADJ
ajfa-6010	183	52	(	(	PUNCT
ajfa-6010	183	53	semi	semi	ADJ
ajfa-6010	183	54	variance	variance	NOUN
ajfa-6010	183	55	,	,	PUNCT
ajfa-6010	183	56	downsize	downsize	VERB
ajfa-6010	183	57	risk	risk	NOUN
ajfa-6010	183	58	)	)	PUNCT
ajfa-6010	183	59	indicates	indicate	VERB
ajfa-6010	183	60	that	that	SCONJ
ajfa-6010	183	61	downsize	downsize	NOUN
ajfa-6010	183	62	has	have	VERB
ajfa-6010	183	63	more	more	ADV
ajfa-6010	183	64	significant	significant	ADJ
ajfa-6010	183	65	relationship	relationship	NOUN
ajfa-6010	183	66	with	with	ADP
ajfa-6010	183	67	stock	stock	NOUN
ajfa-6010	183	68	return	return	NOUN
ajfa-6010	183	69	mean	mean	VERB
ajfa-6010	183	70	.	.	PUNCT
ajfa-6010	184	1	table	table	NOUN
ajfa-6010	184	2	4	4	NUM
ajfa-6010	184	3	.	.	PUNCT
ajfa-6010	184	4	two	two	NUM
ajfa-6010	184	5	-	-	PUNCT
ajfa-6010	184	6	variable	variable	NOUN
ajfa-6010	184	7	results	result	NOUN
ajfa-6010	184	8	between	between	ADP
ajfa-6010	184	9	stock	stock	NOUN
ajfa-6010	184	10	and	and	CCONJ
ajfa-6010	184	11	risk	risk	NOUN
ajfa-6010	184	12	variables	variable	NOUN
ajfa-6010	184	13	ii	ii	PROPN
ajfa-6010	184	14	rvrvmr	rvrvmr	NOUN
ajfa-6010	184	15	εααα	εααα	NOUN
ajfa-6010	184	16	+	+	PUNCT
ajfa-6010	184	17	+	+	ADJ
ajfa-6010	184	18	+	+	ADJ
ajfa-6010	184	19	=	=	NOUN
ajfa-6010	184	20	22110	22110	NUM
ajfa-6010	184	21	21	21	NUM
ajfa-6010	184	22	/	/	SYM
ajfa-6010	184	23	rvrv	rvrv	NOUN
ajfa-6010	184	24	dββ	dββ	NOUN
ajfa-6010	184	25	/	/	SYM
ajfa-6010	184	26	21	21	NUM
ajfa-6010	184	27	/	/	SYM
ajfa-6010	184	28	rvrv	rvrv	NOUN
ajfa-6010	184	29			X
ajfa-6010	184	30	2	2	NUM
ajfa-6010	184	31	/	/	SYM
ajfa-6010	184	32	σ	σ	X
ajfa-6010	184	33	0.7	0.7	NUM
ajfa-6010	184	34	(	(	PUNCT
ajfa-6010	184	35	0.000	0.000	NUM
ajfa-6010	184	36	*	*	NOUN
ajfa-6010	184	37	)	)	PUNCT
ajfa-6010	184	38	-0.58(0.000	-0.58(0.000	NUM
ajfa-6010	184	39	*	*	NOUN
ajfa-6010	184	40	)	)	PUNCT
ajfa-6010	184	41	0	0	NUM
ajfa-6010	185	1	α	α	NOUN
ajfa-6010	185	2	0.27	0.27	NUM
ajfa-6010	185	3	(	(	PUNCT
ajfa-6010	185	4	0.001	0.001	NUM
ajfa-6010	185	5	*	*	NUM
ajfa-6010	185	6	)	)	PUNCT
ajfa-6010	185	7	0.38	0.38	NUM
ajfa-6010	185	8	(	(	PUNCT
ajfa-6010	185	9	0.000	0.000	NUM
ajfa-6010	185	10	*	*	PUNCT
ajfa-6010	185	11	)	)	PUNCT
ajfa-6010	185	12	1	1	NUM
ajfa-6010	185	13	α	α	NOUN
ajfa-6010	185	14	4.68(0.000	4.68(0.000	NOUN
ajfa-6010	185	15	*	*	PUNCT
ajfa-6010	185	16	)	)	PUNCT
ajfa-6010	185	17	28.8(0.000	28.8(0.000	NUM
ajfa-6010	185	18	*	*	SYM
ajfa-6010	185	19	)	)	PUNCT
ajfa-6010	185	20	2	2	NUM
ajfa-6010	185	21	α	α	NOUN
ajfa-6010	185	22	0.72	0.72	NUM
ajfa-6010	185	23	0.63	0.63	NUM
ajfa-6010	185	24	r2	r2	NOUN
ajfa-6010	185	25	0.71	0.71	NUM
ajfa-6010	185	26	0.61	0.61	NUM
ajfa-6010	185	27	adj.r2	adj.r2	VERB
ajfa-6010	185	28	259.35	259.35	NUM
ajfa-6010	185	29	281.05	281.05	NUM
ajfa-6010	185	30	f	f	X
ajfa-6010	185	31	_	_	PRON
ajfa-6010	185	32	statistic	statistic	NOUN
ajfa-6010	185	33	0.000	0.000	NUM
ajfa-6010	185	34	0.000	0.000	NUM
ajfa-6010	185	35	prob(f	prob(f	PROPN
ajfa-6010	185	36	-	-	PUNCT
ajfa-6010	185	37	s	s	NOUN
ajfa-6010	185	38	)	)	PUNCT
ajfa-6010	185	39	2.85	2.85	NUM
ajfa-6010	185	40	2.85	2.85	NUM
ajfa-6010	185	41	lm(statistic	lm(statistic	ADJ
ajfa-6010	185	42	)	)	PUNCT
ajfa-6010	185	43	1.88	1.88	NUM
ajfa-6010	185	44	2.09	2.09	NUM
ajfa-6010	185	45	durbin	durbin	ADJ
ajfa-6010	185	46	-	-	PUNCT
ajfa-6010	185	47	watson	watson	NOUN
ajfa-6010	185	48	8.71	8.71	NUM
ajfa-6010	185	49	6.63	6.63	NUM
ajfa-6010	185	50	jarque	jarque	NOUN
ajfa-6010	185	51	-	-	PUNCT
ajfa-6010	185	52	bera	bera	NOUN
ajfa-6010	185	53	0.18	0.18	NUM
ajfa-6010	185	54	0.11	0.11	NUM
ajfa-6010	185	55	prob(j	prob(j	NUM
ajfa-6010	185	56	-	-	PUNCT
ajfa-6010	185	57	b	b	NOUN
ajfa-6010	185	58	)	)	PUNCT
ajfa-6010	185	59	mr	mr	PROPN
ajfa-6010	185	60	:	:	PUNCT
ajfa-6010	185	61	return	return	NOUN
ajfa-6010	185	62	mean	mean	VERB
ajfa-6010	185	63	,	,	PUNCT
ajfa-6010	185	64	d.w	d.w	NOUN
ajfa-6010	185	65	:	:	PUNCT
ajfa-6010	185	66	dourbin	dourbin	ADJ
ajfa-6010	185	67	-	-	PUNCT
ajfa-6010	185	68	watson	watson	PROPN
ajfa-6010	185	69	test	test	NOUN
ajfa-6010	185	70	that	that	PRON
ajfa-6010	185	71	statistic	statistic	NOUN
ajfa-6010	185	72	should	should	AUX
ajfa-6010	185	73	be	be	AUX
ajfa-6010	185	74	between	between	ADP
ajfa-6010	185	75	1.5	1.5	NUM
ajfa-6010	185	76	to	to	ADP
ajfa-6010	185	77	2.5	2.5	NUM
ajfa-6010	185	78	,	,	PUNCT
ajfa-6010	185	79	lm	lm	INTJ
ajfa-6010	185	80	:	:	PUNCT
ajfa-6010	185	81	value	value	NOUN
ajfa-6010	185	82	of	of	ADP
ajfa-6010	185	83	statistic	statistic	NOUN
ajfa-6010	185	84	of	of	ADP
ajfa-6010	185	85	lagranzh	lagranzh	ADJ
ajfa-6010	185	86	coefficient	coefficient	NOUN
ajfa-6010	185	87	which	which	PRON
ajfa-6010	185	88	its	its	PRON
ajfa-6010	185	89	value	value	NOUN
ajfa-6010	185	90	should	should	AUX
ajfa-6010	185	91	be	be	AUX
ajfa-6010	185	92	lower	low	ADJ
ajfa-6010	185	93	than	than	ADP
ajfa-6010	185	94	k	k	PROPN
ajfa-6010	185	95	of	of	ADP
ajfa-6010	185	96	two	two	NUM
ajfa-6010	185	97	tables	table	NOUN
ajfa-6010	185	98	(	(	PUNCT
ajfa-6010	185	99	3.62	3.62	NUM
ajfa-6010	185	100	)	)	PUNCT
ajfa-6010	185	101	,	,	PUNCT
ajfa-6010	185	102	jarque	jarque	NOUN
ajfa-6010	185	103	-	-	PUNCT
ajfa-6010	185	104	bera	bera	NOUN
ajfa-6010	185	105	:	:	PUNCT
ajfa-6010	185	106	the	the	DET
ajfa-6010	185	107	test	test	NOUN
ajfa-6010	185	108	of	of	ADP
ajfa-6010	185	109	normality	normality	NOUN
ajfa-6010	185	110	of	of	ADP
ajfa-6010	185	111	error	error	NOUN
ajfa-6010	185	112	sentences	sentence	NOUN
ajfa-6010	185	113	whose	whose	DET
ajfa-6010	185	114	probability	probability	NOUN
ajfa-6010	185	115	of	of	ADP
ajfa-6010	185	116	statistic	statistic	NOUN
ajfa-6010	185	117	should	should	AUX
ajfa-6010	185	118	be	be	AUX
ajfa-6010	185	119	more	more	ADJ
ajfa-6010	185	120	than	than	ADP
ajfa-6010	185	121	0.05	0.05	NUM
ajfa-6010	185	122	.	.	PUNCT
ajfa-6010	186	1	the	the	DET
ajfa-6010	186	2	numbers	number	NOUN
ajfa-6010	186	3	of	of	ADP
ajfa-6010	186	4	statistic	statistic	ADJ
ajfa-6010	186	5	t	t	PROPN
ajfa-6010	186	6	are	be	AUX
ajfa-6010	186	7	in	in	ADP
ajfa-6010	186	8	regression	regression	NOUN
ajfa-6010	186	9	table	table	NOUN
ajfa-6010	186	10	.	.	PUNCT
ajfa-6010	187	1	in	in	ADP
ajfa-6010	187	2	table	table	NOUN
ajfa-6010	187	3	5	5	NUM
ajfa-6010	187	4	,	,	PUNCT
ajfa-6010	187	5	all	all	PRON
ajfa-6010	187	6	presented	present	VERB
ajfa-6010	187	7	variables	variable	NOUN
ajfa-6010	187	8	are	be	AUX
ajfa-6010	187	9	inserted	insert	VERB
ajfa-6010	187	10	in	in	ADP
ajfa-6010	187	11	a	a	DET
ajfa-6010	187	12	common	common	ADJ
ajfa-6010	187	13	multiple	multiple	ADJ
ajfa-6010	187	14	regression	regression	NOUN
ajfa-6010	187	15	.	.	PUNCT
ajfa-6010	188	1	the	the	DET
ajfa-6010	188	2	estimated	estimate	VERB
ajfa-6010	188	3	model	model	NOUN
ajfa-6010	188	4	has	have	AUX
ajfa-6010	188	5	determining	determine	VERB
ajfa-6010	188	6	coefficient	coefficient	NOUN
ajfa-6010	188	7	of	of	ADP
ajfa-6010	188	8	73	73	NUM
ajfa-6010	188	9	%	%	NOUN
ajfa-6010	188	10	which	which	PRON
ajfa-6010	188	11	means	mean	VERB
ajfa-6010	188	12	independent	independent	ADJ
ajfa-6010	188	13	variables	variable	NOUN
ajfa-6010	188	14	high	high	ADJ
ajfa-6010	188	15	explanation	explanation	NOUN
ajfa-6010	188	16	power	power	NOUN
ajfa-6010	188	17	.	.	PUNCT
ajfa-6010	189	1	here	here	ADV
ajfa-6010	189	2	,	,	PUNCT
ajfa-6010	189	3	only	only	ADV
ajfa-6010	189	4	downsize	downsize	VERB
ajfa-6010	189	5	risk	risk	NOUN
ajfa-6010	189	6	criteria	criterion	NOUN
ajfa-6010	189	7	keep	keep	VERB
ajfa-6010	189	8	their	their	PRON
ajfa-6010	189	9	significance	significance	NOUN
ajfa-6010	189	10	.	.	PUNCT
ajfa-6010	190	1	in	in	ADP
ajfa-6010	190	2	this	this	DET
ajfa-6010	190	3	situation	situation	NOUN
ajfa-6010	190	4	,	,	PUNCT
ajfa-6010	190	5	regression	regression	NOUN
ajfa-6010	190	6	remains	remain	VERB
ajfa-6010	190	7	significant	significant	ADJ
ajfa-6010	190	8	.	.	PUNCT
ajfa-6010	191	1	regarding	regard	VERB
ajfa-6010	191	2	the	the	DET
ajfa-6010	191	3	fact	fact	NOUN
ajfa-6010	191	4	that	that	SCONJ
ajfa-6010	191	5	beta	beta	NOUN
ajfa-6010	191	6	and	and	CCONJ
ajfa-6010	191	7	variance	variance	NOUN
ajfa-6010	191	8	variables	variable	NOUN
ajfa-6010	191	9	are	be	AUX
ajfa-6010	191	10	not	not	PART
ajfa-6010	191	11	significant	significant	ADJ
ajfa-6010	191	12	,	,	PUNCT
ajfa-6010	191	13	it	it	PRON
ajfa-6010	191	14	can	can	AUX
ajfa-6010	191	15	be	be	AUX
ajfa-6010	191	16	concluded	conclude	VERB
ajfa-6010	191	17	that	that	SCONJ
ajfa-6010	191	18	these	these	DET
ajfa-6010	191	19	criteria	criterion	NOUN
ajfa-6010	191	20	are	be	AUX
ajfa-6010	191	21	not	not	PART
ajfa-6010	191	22	appropriate	appropriate	ADJ
ajfa-6010	191	23	to	to	PART
ajfa-6010	191	24	calculate	calculate	VERB
ajfa-6010	191	25	risk	risk	NOUN
ajfa-6010	191	26	.	.	PUNCT
ajfa-6010	192	1	asian	asian	ADJ
ajfa-6010	192	2	journal	journal	PROPN
ajfa-6010	192	3	of	of	ADP
ajfa-6010	192	4	finance	finance	PROPN
ajfa-6010	192	5	&	&	CCONJ
ajfa-6010	192	6	accounting	accounting	PROPN
ajfa-6010	192	7	issn	issn	PROPN
ajfa-6010	192	8	1946	1946	NUM
ajfa-6010	192	9	-	-	PUNCT
ajfa-6010	192	10	052x	052x	PROPN
ajfa-6010	192	11	2014	2014	NUM
ajfa-6010	192	12	,	,	PUNCT
ajfa-6010	192	13	vol	vol	NOUN
ajfa-6010	192	14	.	.	PROPN
ajfa-6010	193	1	6	6	NUM
ajfa-6010	193	2	,	,	PUNCT
ajfa-6010	193	3	no	no	INTJ
ajfa-6010	193	4	.	.	NOUN
ajfa-6010	193	5	2	2	NUM
ajfa-6010	193	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6010	193	7	417	417	NUM
ajfa-6010	193	8	table	table	NOUN
ajfa-6010	193	9	5	5	NUM
ajfa-6010	193	10	.	.	PUNCT
ajfa-6010	194	1	the	the	DET
ajfa-6010	194	2	results	result	NOUN
ajfa-6010	194	3	of	of	ADP
ajfa-6010	194	4	four	four	NUM
ajfa-6010	194	5	variable	variable	ADJ
ajfa-6010	194	6	test	test	NOUN
ajfa-6010	194	7	between	between	ADP
ajfa-6010	194	8	stock	stock	NOUN
ajfa-6010	194	9	return	return	NOUN
ajfa-6010	194	10	mean	mean	VERB
ajfa-6010	194	11	and	and	CCONJ
ajfa-6010	194	12	risk	risk	NOUN
ajfa-6010	194	13	variables	variable	NOUN
ajfa-6010	194	14	ii	ii	PROPN
ajfa-6010	194	15	rvrvmr	rvrvmr	NOUN
ajfa-6010	194	16	εααα	εααα	NOUN
ajfa-6010	194	17	+	+	PUNCT
ajfa-6010	194	18	+	+	ADJ
ajfa-6010	194	19	+	+	ADJ
ajfa-6010	194	20	=	=	NOUN
ajfa-6010	194	21	22110	22110	NUM
ajfa-6010	194	22	21	21	NUM
ajfa-6010	194	23	/	/	SYM
ajfa-6010	194	24	rvrv	rvrv	NOUN
ajfa-6010	194	25	dββ	dββ	NOUN
ajfa-6010	194	26	/	/	SYM
ajfa-6010	194	27	21	21	NUM
ajfa-6010	194	28	/	/	SYM
ajfa-6010	194	29	rvrv	rvrv	NOUN
ajfa-6010	194	30			X
ajfa-6010	194	31	2	2	NUM
ajfa-6010	194	32	/	/	SYM
ajfa-6010	194	33	σ	σ	X
ajfa-6010	194	34	0.7	0.7	NUM
ajfa-6010	194	35	(	(	PUNCT
ajfa-6010	194	36	0.000	0.000	NUM
ajfa-6010	194	37	*	*	NOUN
ajfa-6010	194	38	)	)	PUNCT
ajfa-6010	194	39	-0.58(0.000	-0.58(0.000	NUM
ajfa-6010	194	40	*	*	NOUN
ajfa-6010	194	41	)	)	PUNCT
ajfa-6010	194	42	0	0	NUM
ajfa-6010	195	1	α	α	NOUN
ajfa-6010	195	2	0.27	0.27	NUM
ajfa-6010	195	3	(	(	PUNCT
ajfa-6010	195	4	0.001	0.001	NUM
ajfa-6010	195	5	*	*	NUM
ajfa-6010	195	6	)	)	PUNCT
ajfa-6010	195	7	0.38	0.38	NUM
ajfa-6010	195	8	(	(	PUNCT
ajfa-6010	195	9	0.000	0.000	NUM
ajfa-6010	195	10	*	*	PUNCT
ajfa-6010	195	11	)	)	PUNCT
ajfa-6010	195	12	1	1	NUM
ajfa-6010	195	13	α	α	NOUN
ajfa-6010	195	14	4.68(0.000	4.68(0.000	NOUN
ajfa-6010	195	15	*	*	PUNCT
ajfa-6010	195	16	)	)	PUNCT
ajfa-6010	195	17	28.8(0.000	28.8(0.000	NUM
ajfa-6010	195	18	*	*	SYM
ajfa-6010	195	19	)	)	PUNCT
ajfa-6010	195	20	2	2	NUM
ajfa-6010	195	21	α	α	NOUN
ajfa-6010	195	22	0.72	0.72	NUM
ajfa-6010	195	23	0.63	0.63	NUM
ajfa-6010	195	24	r2	r2	NOUN
ajfa-6010	195	25	0.71	0.71	NUM
ajfa-6010	195	26	0.61	0.61	NUM
ajfa-6010	195	27	adj.r2	adj.r2	VERB
ajfa-6010	195	28	259.35	259.35	NUM
ajfa-6010	195	29	281.05	281.05	NUM
ajfa-6010	195	30	f	f	X
ajfa-6010	195	31	_	_	PRON
ajfa-6010	195	32	statistic	statistic	NOUN
ajfa-6010	195	33	0.000	0.000	NUM
ajfa-6010	195	34	0.000	0.000	NUM
ajfa-6010	195	35	prob(f	prob(f	PROPN
ajfa-6010	195	36	-	-	PUNCT
ajfa-6010	195	37	s	s	NOUN
ajfa-6010	195	38	)	)	PUNCT
ajfa-6010	195	39	2.85	2.85	NUM
ajfa-6010	195	40	2.85	2.85	NUM
ajfa-6010	195	41	lm(statistic	lm(statistic	ADJ
ajfa-6010	195	42	)	)	PUNCT
ajfa-6010	195	43	1.88	1.88	NUM
ajfa-6010	195	44	2.09	2.09	NUM
ajfa-6010	195	45	durbin	durbin	ADJ
ajfa-6010	195	46	-	-	PUNCT
ajfa-6010	195	47	watson	watson	NOUN
ajfa-6010	195	48	8.71	8.71	NUM
ajfa-6010	195	49	6.63	6.63	NUM
ajfa-6010	195	50	jarque	jarque	NOUN
ajfa-6010	195	51	-	-	PUNCT
ajfa-6010	195	52	bera	bera	NOUN
ajfa-6010	195	53	0.18	0.18	NUM
ajfa-6010	195	54	0.11	0.11	NUM
ajfa-6010	195	55	prob(j	prob(j	NUM
ajfa-6010	195	56	-	-	PUNCT
ajfa-6010	195	57	b	b	NOUN
ajfa-6010	195	58	)	)	PUNCT
ajfa-6010	195	59	mr	mr	PROPN
ajfa-6010	195	60	:	:	PUNCT
ajfa-6010	195	61	return	return	NOUN
ajfa-6010	195	62	mean	mean	VERB
ajfa-6010	195	63	,	,	PUNCT
ajfa-6010	195	64	d.w	d.w	NOUN
ajfa-6010	195	65	:	:	PUNCT
ajfa-6010	195	66	dourbin	dourbin	ADJ
ajfa-6010	195	67	-	-	PUNCT
ajfa-6010	195	68	watson	watson	PROPN
ajfa-6010	195	69	test	test	NOUN
ajfa-6010	195	70	that	that	PRON
ajfa-6010	195	71	statistic	statistic	NOUN
ajfa-6010	195	72	should	should	AUX
ajfa-6010	195	73	be	be	AUX
ajfa-6010	195	74	between	between	ADP
ajfa-6010	195	75	1.5	1.5	NUM
ajfa-6010	195	76	to	to	ADP
ajfa-6010	195	77	2.5	2.5	NUM
ajfa-6010	195	78	,	,	PUNCT
ajfa-6010	195	79	lm	lm	INTJ
ajfa-6010	195	80	:	:	PUNCT
ajfa-6010	195	81	value	value	NOUN
ajfa-6010	195	82	of	of	ADP
ajfa-6010	195	83	statistic	statistic	NOUN
ajfa-6010	195	84	of	of	ADP
ajfa-6010	195	85	lagranzh	lagranzh	ADJ
ajfa-6010	195	86	coefficient	coefficient	NOUN
ajfa-6010	195	87	which	which	PRON
ajfa-6010	195	88	its	its	PRON
ajfa-6010	195	89	value	value	NOUN
ajfa-6010	195	90	should	should	AUX
ajfa-6010	195	91	be	be	AUX
ajfa-6010	195	92	lower	low	ADJ
ajfa-6010	195	93	than	than	ADP
ajfa-6010	195	94	k	k	PROPN
ajfa-6010	195	95	of	of	ADP
ajfa-6010	195	96	two	two	NUM
ajfa-6010	195	97	tables	table	NOUN
ajfa-6010	195	98	(	(	PUNCT
ajfa-6010	195	99	3.86	3.86	NUM
ajfa-6010	195	100	)	)	PUNCT
ajfa-6010	195	101	,	,	PUNCT
ajfa-6010	195	102	jarque	jarque	NOUN
ajfa-6010	195	103	-	-	PUNCT
ajfa-6010	195	104	bera	bera	NOUN
ajfa-6010	195	105	:	:	PUNCT
ajfa-6010	195	106	the	the	DET
ajfa-6010	195	107	test	test	NOUN
ajfa-6010	195	108	of	of	ADP
ajfa-6010	195	109	normality	normality	NOUN
ajfa-6010	195	110	of	of	ADP
ajfa-6010	195	111	error	error	NOUN
ajfa-6010	195	112	sentences	sentence	NOUN
ajfa-6010	195	113	whose	whose	DET
ajfa-6010	195	114	probability	probability	NOUN
ajfa-6010	195	115	of	of	ADP
ajfa-6010	195	116	statistic	statistic	NOUN
ajfa-6010	195	117	should	should	AUX
ajfa-6010	195	118	be	be	AUX
ajfa-6010	195	119	more	more	ADJ
ajfa-6010	195	120	than	than	ADP
ajfa-6010	195	121	0.05	0.05	NUM
ajfa-6010	195	122	.	.	PUNCT
ajfa-6010	196	1	the	the	DET
ajfa-6010	196	2	numbers	number	NOUN
ajfa-6010	196	3	of	of	ADP
ajfa-6010	196	4	statistic	statistic	ADJ
ajfa-6010	196	5	t	t	PROPN
ajfa-6010	196	6	are	be	AUX
ajfa-6010	196	7	in	in	ADP
ajfa-6010	196	8	regression	regression	NOUN
ajfa-6010	196	9	table	table	NOUN
ajfa-6010	196	10	.	.	PUNCT
ajfa-6010	197	1	the	the	DET
ajfa-6010	197	2	second	second	ADJ
ajfa-6010	197	3	hypothesis	hypothesis	NOUN
ajfa-6010	197	4	results	result	VERB
ajfa-6010	197	5	the	the	DET
ajfa-6010	197	6	second	second	ADJ
ajfa-6010	197	7	hypothesis	hypothesis	NOUN
ajfa-6010	197	8	:	:	PUNCT
ajfa-6010	197	9	downside	downside	ADJ
ajfa-6010	197	10	risk	risk	NOUN
ajfa-6010	197	11	evaluates	evaluate	VERB
ajfa-6010	197	12	stock	stock	NOUN
ajfa-6010	197	13	surplus	surplus	NOUN
ajfa-6010	197	14	return	return	NOUN
ajfa-6010	197	15	mean	mean	VERB
ajfa-6010	197	16	better	well	ADV
ajfa-6010	197	17	than	than	ADP
ajfa-6010	197	18	traditional	traditional	ADJ
ajfa-6010	197	19	risk	risk	NOUN
ajfa-6010	197	20	does	do	VERB
ajfa-6010	197	21	.	.	PUNCT
ajfa-6010	198	1	asian	asian	ADJ
ajfa-6010	198	2	journal	journal	PROPN
ajfa-6010	198	3	of	of	ADP
ajfa-6010	198	4	finance	finance	PROPN
ajfa-6010	198	5	&	&	CCONJ
ajfa-6010	198	6	accounting	accounting	PROPN
ajfa-6010	198	7	issn	issn	PROPN
ajfa-6010	198	8	1946	1946	NUM
ajfa-6010	198	9	-	-	PUNCT
ajfa-6010	198	10	052x	052x	PROPN
ajfa-6010	198	11	2014	2014	NUM
ajfa-6010	198	12	,	,	PUNCT
ajfa-6010	198	13	vol	vol	NOUN
ajfa-6010	198	14	.	.	PROPN
ajfa-6010	199	1	6	6	NUM
ajfa-6010	199	2	,	,	PUNCT
ajfa-6010	199	3	no	no	INTJ
ajfa-6010	199	4	.	.	NOUN
ajfa-6010	199	5	2	2	NUM
ajfa-6010	199	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6010	199	7	418	418	NUM
ajfa-6010	199	8	table	table	NOUN
ajfa-6010	199	9	6	6	NUM
ajfa-6010	199	10	.	.	PUNCT
ajfa-6010	200	1	f	f	X
ajfa-6010	200	2	-	-	PUNCT
ajfa-6010	200	3	test	test	NOUN
ajfa-6010	200	4	,	,	PUNCT
ajfa-6010	200	5	hasman	hasman	NOUN
ajfa-6010	200	6	and	and	CCONJ
ajfa-6010	200	7	fixed	fix	VERB
ajfa-6010	200	8	effects	effect	NOUN
ajfa-6010	200	9	fixed	fix	VERB
ajfa-6010	200	10	effect	effect	NOUN
ajfa-6010	200	11	test	test	NOUN
ajfa-6010	200	12	hasman	hasman	NOUN
ajfa-6010	200	13	test	test	NOUN
ajfa-6010	200	14	)	)	PUNCT
ajfa-6010	200	15	prob	prob	NOUN
ajfa-6010	200	16	(	(	PUNCT
ajfa-6010	200	17	f	f	NOUN
ajfa-6010	200	18	-	-	PUNCT
ajfa-6010	200	19	test	test	NOUN
ajfa-6010	200	20	)	)	PUNCT
ajfa-6010	200	21	estimated	estimate	VERB
ajfa-6010	200	22	statistic	statistic	NOUN
ajfa-6010	200	23	f	f	NOUN
ajfa-6010	200	24	(	(	PUNCT
ajfa-6010	200	25	variable	variable	NOUN
ajfa-6010	200	26	0.000	0.000	NUM
ajfa-6010	200	27	0.007	0.007	NUM
ajfa-6010	200	28	2.63	2.63	NUM
ajfa-6010	200	29	σβ	σβ	NOUN
ajfa-6010	200	30	/	/	SYM
ajfa-6010	200	31	0.000	0.000	NUM
ajfa-6010	200	32	0.002	0.002	NUM
ajfa-6010	200	33	2.76	2.76	NUM
ajfa-6010	200	34			X
ajfa-6010	200	35	2	2	NUM
ajfa-6010	200	36	/	/	SYM
ajfa-6010	200	37	β	β	NOUN
ajfa-6010	200	38	0.000	0.000	NUM
ajfa-6010	200	39	0.001	0.001	NUM
ajfa-6010	200	40	2.12	2.12	NUM
ajfa-6010	200	41	σβ	σβ	NOUN
ajfa-6010	200	42	/d	/d	PUNCT
ajfa-6010	200	43	0.000	0.000	NUM
ajfa-6010	200	44	0.001	0.001	NUM
ajfa-6010	200	45	2.56	2.56	NUM
ajfa-6010	200	46			NOUN
ajfa-6010	200	47	2	2	NUM
ajfa-6010	200	48	/	/	SYM
ajfa-6010	200	49	dβ	dβ	ADJ
ajfa-6010	200	50	value	value	NOUN
ajfa-6010	200	51	of	of	ADP
ajfa-6010	200	52	table	table	NOUN
ajfa-6010	200	53	f	f	PROPN
ajfa-6010	200	54	)	)	PUNCT
ajfa-6010	200	55	3.62	3.62	NUM
ajfa-6010	200	56	(	(	PUNCT
ajfa-6010	200	57	table	table	NOUN
ajfa-6010	200	58	7	7	NUM
ajfa-6010	200	59	.	.	PUNCT
ajfa-6010	201	1	the	the	DET
ajfa-6010	201	2	results	result	NOUN
ajfa-6010	201	3	of	of	ADP
ajfa-6010	201	4	surplus	surplus	NOUN
ajfa-6010	201	5	return	return	NOUN
ajfa-6010	201	6	mean	mean	NOUN
ajfa-6010	201	7	and	and	CCONJ
ajfa-6010	201	8	risk	risk	NOUN
ajfa-6010	201	9	variables	variable	NOUN
ajfa-6010	201	10	iim	iim	VERB
ajfa-6010	202	1	ex	ex	X
ajfa-6010	203	1	i	i	PRON
ajfa-6010	203	2	rvmr	rvmr	VERB
ajfa-6010	203	3	210	210	NUM
ajfa-6010	203	4	αβαα	αβαα	NOUN
ajfa-6010	204	1	+	+	PROPN
ajfa-6010	204	2	+	+	NOUN
ajfa-6010	204	3	=	=	ADJ
ajfa-6010	204	4	+	+	NUM
ajfa-6010	204	5	iε	iε	NOUN
ajfa-6010	204	6			PROPN
ajfa-6010	204	7	2	2	NUM
ajfa-6010	204	8	σ	σ	PROPN
ajfa-6010	204	9	irv	irv	PROPN
ajfa-6010	204	10	-0.63	-0.63	PROPN
ajfa-6010	204	11	(	(	PUNCT
ajfa-6010	204	12	0.000	0.000	NUM
ajfa-6010	204	13	*	*	NOUN
ajfa-6010	204	14	)	)	PUNCT
ajfa-6010	204	15	0.26(0.000	0.26(0.000	NUM
ajfa-6010	204	16	*	*	PUNCT
ajfa-6010	204	17	)	)	PUNCT
ajfa-6010	204	18	0	0	NUM
ajfa-6010	205	1	α	α	NUM
ajfa-6010	205	2	0.18	0.18	NUM
ajfa-6010	205	3	(	(	PUNCT
ajfa-6010	205	4	0.000	0.000	NUM
ajfa-6010	205	5	*	*	PUNCT
ajfa-6010	205	6	)	)	PUNCT
ajfa-6010	205	7	0.16	0.16	NUM
ajfa-6010	205	8	(	(	PUNCT
ajfa-6010	205	9	0.014	0.014	NUM
ajfa-6010	205	10	*	*	NOUN
ajfa-6010	205	11	)	)	PUNCT
ajfa-6010	206	1	1	1	NUM
ajfa-6010	206	2	α	α	NOUN
ajfa-6010	206	3	35.44	35.44	NUM
ajfa-6010	206	4	(	(	PUNCT
ajfa-6010	206	5	0.000	0.000	NUM
ajfa-6010	206	6	*	*	PUNCT
ajfa-6010	206	7	)	)	PUNCT
ajfa-6010	206	8	1.41(0.007	1.41(0.007	NUM
ajfa-6010	206	9	*	*	SYM
ajfa-6010	206	10	)	)	PUNCT
ajfa-6010	206	11	2	2	NUM
ajfa-6010	206	12	α	α	NOUN
ajfa-6010	206	13	0.52	0.52	NUM
ajfa-6010	206	14	0.47	0.47	NUM
ajfa-6010	206	15	r2	r2	NOUN
ajfa-6010	206	16	0.51	0.51	NUM
ajfa-6010	206	17	0.47	0.47	NUM
ajfa-6010	206	18	adj.r2	adj.r2	VERB
ajfa-6010	206	19	1572.18	1572.18	NUM
ajfa-6010	206	20	252.10	252.10	NUM
ajfa-6010	206	21	f	f	X
ajfa-6010	206	22	_	_	PRON
ajfa-6010	206	23	statistic	statistic	NOUN
ajfa-6010	206	24	0.000	0.000	NUM
ajfa-6010	206	25	0.000	0.000	NUM
ajfa-6010	206	26	prob(f	prob(f	PROPN
ajfa-6010	206	27	-	-	PUNCT
ajfa-6010	206	28	s	s	NOUN
ajfa-6010	206	29	)	)	PUNCT
ajfa-6010	206	30	2.63	2.63	NUM
ajfa-6010	206	31	2.52	2.52	NUM
ajfa-6010	206	32	lm(statistic	lm(statistic	ADJ
ajfa-6010	206	33	)	)	PUNCT
ajfa-6010	206	34	2.24	2.24	NUM
ajfa-6010	206	35	1.88	1.88	NUM
ajfa-6010	206	36	durbin	durbin	ADJ
ajfa-6010	206	37	-	-	PUNCT
ajfa-6010	206	38	watson	watson	NOUN
ajfa-6010	206	39	1.05	1.05	NUM
ajfa-6010	206	40	2.32	2.32	NUM
ajfa-6010	206	41	jarque	jarque	NOUN
ajfa-6010	206	42	-	-	PUNCT
ajfa-6010	206	43	bera	bera	NOUN
ajfa-6010	206	44	0.59	0.59	NUM
ajfa-6010	206	45	0.31	0.31	NUM
ajfa-6010	206	46	prob(j	prob(j	NUM
ajfa-6010	206	47	-	-	PUNCT
ajfa-6010	206	48	b	b	NOUN
ajfa-6010	206	49	)	)	PUNCT
ajfa-6010	206	50	mr	mr	PROPN
ajfa-6010	206	51	:	:	PUNCT
ajfa-6010	206	52	return	return	NOUN
ajfa-6010	206	53	mean	mean	VERB
ajfa-6010	206	54	,	,	PUNCT
ajfa-6010	206	55	d.w	d.w	NOUN
ajfa-6010	206	56	:	:	PUNCT
ajfa-6010	206	57	dourbin	dourbin	ADJ
ajfa-6010	206	58	-	-	PUNCT
ajfa-6010	206	59	watson	watson	PROPN
ajfa-6010	206	60	test	test	NOUN
ajfa-6010	206	61	that	that	PRON
ajfa-6010	206	62	statistic	statistic	NOUN
ajfa-6010	206	63	should	should	AUX
ajfa-6010	206	64	be	be	AUX
ajfa-6010	206	65	between	between	ADP
ajfa-6010	206	66	1.5	1.5	NUM
ajfa-6010	206	67	to	to	ADP
ajfa-6010	206	68	2.5	2.5	NUM
ajfa-6010	206	69	,	,	PUNCT
ajfa-6010	206	70	lm	lm	INTJ
ajfa-6010	206	71	:	:	PUNCT
ajfa-6010	206	72	value	value	NOUN
ajfa-6010	206	73	of	of	ADP
ajfa-6010	206	74	statistic	statistic	NOUN
ajfa-6010	206	75	of	of	ADP
ajfa-6010	206	76	lagranzh	lagranzh	ADJ
ajfa-6010	206	77	coefficient	coefficient	NOUN
ajfa-6010	206	78	which	which	PRON
ajfa-6010	206	79	its	its	PRON
ajfa-6010	206	80	value	value	NOUN
ajfa-6010	206	81	should	should	AUX
ajfa-6010	206	82	be	be	AUX
ajfa-6010	206	83	lower	low	ADJ
ajfa-6010	206	84	than	than	ADP
ajfa-6010	206	85	k	k	PROPN
ajfa-6010	206	86	of	of	ADP
ajfa-6010	206	87	two	two	NUM
ajfa-6010	206	88	tables	table	NOUN
ajfa-6010	206	89	(	(	PUNCT
ajfa-6010	206	90	3.62	3.62	NUM
ajfa-6010	206	91	)	)	PUNCT
ajfa-6010	206	92	,	,	PUNCT
ajfa-6010	206	93	jarque	jarque	NOUN
ajfa-6010	206	94	-	-	PUNCT
ajfa-6010	206	95	bera	bera	NOUN
ajfa-6010	206	96	:	:	PUNCT
ajfa-6010	206	97	the	the	DET
ajfa-6010	206	98	test	test	NOUN
ajfa-6010	206	99	of	of	ADP
ajfa-6010	206	100	normality	normality	NOUN
ajfa-6010	206	101	of	of	ADP
ajfa-6010	206	102	error	error	NOUN
ajfa-6010	206	103	sentences	sentence	NOUN
ajfa-6010	206	104	whose	whose	DET
ajfa-6010	206	105	probability	probability	NOUN
ajfa-6010	206	106	of	of	ADP
ajfa-6010	206	107	statistic	statistic	NOUN
ajfa-6010	206	108	should	should	AUX
ajfa-6010	206	109	be	be	AUX
ajfa-6010	206	110	more	more	ADJ
ajfa-6010	206	111	than	than	ADP
ajfa-6010	206	112	0.05	0.05	NUM
ajfa-6010	206	113	.	.	PUNCT
ajfa-6010	207	1	the	the	DET
ajfa-6010	207	2	numbers	number	NOUN
ajfa-6010	207	3	of	of	ADP
ajfa-6010	207	4	statistic	statistic	ADJ
ajfa-6010	207	5	t	t	PROPN
ajfa-6010	207	6	are	be	AUX
ajfa-6010	207	7	in	in	ADP
ajfa-6010	207	8	regression	regression	NOUN
ajfa-6010	207	9	table	table	NOUN
ajfa-6010	207	10	.	.	PUNCT
ajfa-6010	208	1	asian	asian	ADJ
ajfa-6010	208	2	journal	journal	PROPN
ajfa-6010	208	3	of	of	ADP
ajfa-6010	208	4	finance	finance	PROPN
ajfa-6010	208	5	&	&	CCONJ
ajfa-6010	208	6	accounting	accounting	PROPN
ajfa-6010	208	7	issn	issn	PROPN
ajfa-6010	208	8	1946	1946	NUM
ajfa-6010	208	9	-	-	PUNCT
ajfa-6010	208	10	052x	052x	PROPN
ajfa-6010	208	11	2014	2014	NUM
ajfa-6010	208	12	,	,	PUNCT
ajfa-6010	208	13	vol	vol	NOUN
ajfa-6010	208	14	.	.	PROPN
ajfa-6010	209	1	6	6	NUM
ajfa-6010	209	2	,	,	PUNCT
ajfa-6010	209	3	no	no	INTJ
ajfa-6010	209	4	.	.	NOUN
ajfa-6010	209	5	2	2	NUM
ajfa-6010	209	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6010	209	7	419	419	NUM
ajfa-6010	209	8	table	table	NOUN
ajfa-6010	209	9	8	8	NUM
ajfa-6010	209	10	.	.	PUNCT
ajfa-6010	210	1	the	the	DET
ajfa-6010	210	2	results	result	NOUN
ajfa-6010	210	3	of	of	ADP
ajfa-6010	210	4	surplus	surplus	NOUN
ajfa-6010	210	5	return	return	NOUN
ajfa-6010	210	6	mean	mean	NOUN
ajfa-6010	210	7	and	and	CCONJ
ajfa-6010	210	8	risk	risk	NOUN
ajfa-6010	210	9	variables	variable	NOUN
ajfa-6010	211	1	i	i	PRON
ajfa-6010	212	1	d	d	X
ajfa-6010	212	2	imm	imm	VERB
ajfa-6010	212	3	ex	ex	X
ajfa-6010	213	1	i	i	PRON
ajfa-6010	213	2	rvmr	rvmr	VERB
ajfa-6010	213	3	10	10	NUM
ajfa-6010	213	4	λβλλ	λβλλ	NOUN
ajfa-6010	213	5	+	+	PROPN
ajfa-6010	213	6	+	+	NOUN
ajfa-6010	213	7	=	=	ADJ
ajfa-6010	214	1	+	+	NUM
ajfa-6010	214	2	iε	iε	NOUN
ajfa-6010	214	3			PROPN
ajfa-6010	214	4	2	2	NUM
ajfa-6010	214	5	σ	σ	PROPN
ajfa-6010	214	6	irv	irv	PROPN
ajfa-6010	214	7	0.71	0.71	NUM
ajfa-6010	214	8	(	(	PUNCT
ajfa-6010	214	9	0.000	0.000	NUM
ajfa-6010	214	10	*	*	NUM
ajfa-6010	214	11	)	)	PUNCT
ajfa-6010	214	12	-0.39(0.000	-0.39(0.000	NUM
ajfa-6010	214	13	*	*	NOUN
ajfa-6010	214	14	)	)	PUNCT
ajfa-6010	214	15	0	0	NUM
ajfa-6010	215	1	α	α	NUM
ajfa-6010	215	2	1.73	1.73	NUM
ajfa-6010	215	3	(	(	PUNCT
ajfa-6010	215	4	0.001	0.001	NUM
ajfa-6010	215	5	*	*	NUM
ajfa-6010	215	6	)	)	PUNCT
ajfa-6010	215	7	1.38	1.38	NUM
ajfa-6010	215	8	(	(	PUNCT
ajfa-6010	215	9	0.014	0.014	NUM
ajfa-6010	215	10	*	*	NOUN
ajfa-6010	215	11	)	)	PUNCT
ajfa-6010	215	12	1	1	NUM
ajfa-6010	215	13	α	α	NOUN
ajfa-6010	215	14	26.42	26.42	NUM
ajfa-6010	215	15	(	(	PUNCT
ajfa-6010	215	16	0.003	0.003	NUM
ajfa-6010	215	17	*	*	NOUN
ajfa-6010	215	18	)	)	PUNCT
ajfa-6010	215	19	1.008(0.007	1.008(0.007	NUM
ajfa-6010	215	20	*	*	NOUN
ajfa-6010	215	21	)	)	PUNCT
ajfa-6010	215	22	2α	2α	NOUN
ajfa-6010	215	23	0.63	0.63	NUM
ajfa-6010	215	24	0.68	0.68	NUM
ajfa-6010	215	25	r2	r2	NOUN
ajfa-6010	215	26	0.63	0.63	NUM
ajfa-6010	215	27	0.67	0.67	NUM
ajfa-6010	215	28	adj.r2	adj.r2	ADP
ajfa-6010	215	29	285.17	285.17	NUM
ajfa-6010	215	30	1583.36	1583.36	NUM
ajfa-6010	215	31	f	f	X
ajfa-6010	215	32	_	_	PRON
ajfa-6010	215	33	statistic	statistic	NOUN
ajfa-6010	215	34	0.001	0.001	NUM
ajfa-6010	215	35	0.000	0.000	NUM
ajfa-6010	215	36	prob(f	prob(f	PROPN
ajfa-6010	215	37	-	-	PUNCT
ajfa-6010	215	38	s	s	NOUN
ajfa-6010	215	39	)	)	PUNCT
ajfa-6010	215	40	2.86	2.86	NUM
ajfa-6010	215	41	2.76	2.76	NUM
ajfa-6010	215	42	lm(statistic	lm(statistic	PROPN
ajfa-6010	215	43	)	)	PUNCT
ajfa-6010	215	44	1.89	1.89	NUM
ajfa-6010	215	45	1.89	1.89	NUM
ajfa-6010	215	46	durbin	durbin	ADJ
ajfa-6010	215	47	-	-	PUNCT
ajfa-6010	215	48	watson	watson	NOUN
ajfa-6010	215	49	4.32	4.32	NUM
ajfa-6010	215	50	4.51	4.51	NUM
ajfa-6010	215	51	jarque	jarque	NOUN
ajfa-6010	215	52	-	-	PUNCT
ajfa-6010	215	53	bera	bera	NOUN
ajfa-6010	215	54	0.11	0.11	NUM
ajfa-6010	215	55	0.10	0.10	NUM
ajfa-6010	215	56	prob(j	prob(j	NUM
ajfa-6010	215	57	-	-	PUNCT
ajfa-6010	215	58	b	b	NOUN
ajfa-6010	215	59	)	)	PUNCT
ajfa-6010	215	60	mr	mr	PROPN
ajfa-6010	215	61	:	:	PUNCT
ajfa-6010	215	62	return	return	NOUN
ajfa-6010	215	63	mean	mean	VERB
ajfa-6010	215	64	,	,	PUNCT
ajfa-6010	215	65	d.w	d.w	NOUN
ajfa-6010	215	66	:	:	PUNCT
ajfa-6010	215	67	dourbin	dourbin	ADJ
ajfa-6010	215	68	-	-	PUNCT
ajfa-6010	215	69	watson	watson	PROPN
ajfa-6010	215	70	test	test	NOUN
ajfa-6010	215	71	that	that	PRON
ajfa-6010	215	72	statistic	statistic	NOUN
ajfa-6010	215	73	should	should	AUX
ajfa-6010	215	74	be	be	AUX
ajfa-6010	215	75	between	between	ADP
ajfa-6010	215	76	1.5	1.5	NUM
ajfa-6010	215	77	to	to	ADP
ajfa-6010	215	78	2.5	2.5	NUM
ajfa-6010	215	79	,	,	PUNCT
ajfa-6010	215	80	lm	lm	INTJ
ajfa-6010	215	81	:	:	PUNCT
ajfa-6010	215	82	value	value	NOUN
ajfa-6010	215	83	of	of	ADP
ajfa-6010	215	84	statistic	statistic	NOUN
ajfa-6010	215	85	of	of	ADP
ajfa-6010	215	86	lagranzh	lagranzh	ADJ
ajfa-6010	215	87	coefficient	coefficient	NOUN
ajfa-6010	215	88	which	which	PRON
ajfa-6010	215	89	its	its	PRON
ajfa-6010	215	90	value	value	NOUN
ajfa-6010	215	91	should	should	AUX
ajfa-6010	215	92	be	be	AUX
ajfa-6010	215	93	lower	low	ADJ
ajfa-6010	215	94	than	than	ADP
ajfa-6010	215	95	k	k	PROPN
ajfa-6010	215	96	of	of	ADP
ajfa-6010	215	97	two	two	NUM
ajfa-6010	215	98	tables	table	NOUN
ajfa-6010	215	99	(	(	PUNCT
ajfa-6010	215	100	3.62	3.62	NUM
ajfa-6010	215	101	)	)	PUNCT
ajfa-6010	215	102	,	,	PUNCT
ajfa-6010	215	103	jarque	jarque	NOUN
ajfa-6010	215	104	-	-	PUNCT
ajfa-6010	215	105	bera	bera	NOUN
ajfa-6010	215	106	:	:	PUNCT
ajfa-6010	215	107	the	the	DET
ajfa-6010	215	108	test	test	NOUN
ajfa-6010	215	109	of	of	ADP
ajfa-6010	215	110	normality	normality	NOUN
ajfa-6010	215	111	of	of	ADP
ajfa-6010	215	112	error	error	NOUN
ajfa-6010	215	113	sentences	sentence	NOUN
ajfa-6010	215	114	whose	whose	DET
ajfa-6010	215	115	probability	probability	NOUN
ajfa-6010	215	116	of	of	ADP
ajfa-6010	215	117	statistic	statistic	NOUN
ajfa-6010	215	118	should	should	AUX
ajfa-6010	215	119	be	be	AUX
ajfa-6010	215	120	more	more	ADJ
ajfa-6010	215	121	than	than	ADP
ajfa-6010	215	122	0.05	0.05	NUM
ajfa-6010	215	123	.	.	PUNCT
ajfa-6010	216	1	the	the	DET
ajfa-6010	216	2	numbers	number	NOUN
ajfa-6010	216	3	of	of	ADP
ajfa-6010	216	4	statistic	statistic	ADJ
ajfa-6010	216	5	t	t	PROPN
ajfa-6010	216	6	are	be	AUX
ajfa-6010	216	7	in	in	ADP
ajfa-6010	216	8	regression	regression	NOUN
ajfa-6010	216	9	table	table	NOUN
ajfa-6010	216	10	.	.	PUNCT
ajfa-6010	217	1	the	the	DET
ajfa-6010	217	2	obtained	obtain	VERB
ajfa-6010	217	3	results	result	NOUN
ajfa-6010	217	4	from	from	ADP
ajfa-6010	217	5	model	model	NOUN
ajfa-6010	217	6	estimation	estimation	NOUN
ajfa-6010	217	7	are	be	AUX
ajfa-6010	217	8	significant	significant	ADJ
ajfa-6010	217	9	at	at	ADP
ajfa-6010	217	10	the	the	DET
ajfa-6010	217	11	level	level	NOUN
ajfa-6010	217	12	of	of	ADP
ajfa-6010	217	13	95	95	NUM
ajfa-6010	217	14	%	%	NOUN
ajfa-6010	217	15	.	.	PUNCT
ajfa-6010	218	1	regression	regression	NOUN
ajfa-6010	218	2	results	result	NOUN
ajfa-6010	218	3	are	be	AUX
ajfa-6010	218	4	showed	show	VERB
ajfa-6010	218	5	at	at	ADP
ajfa-6010	218	6	tables	table	NOUN
ajfa-6010	218	7	7	7	NUM
ajfa-6010	218	8	,	,	PUNCT
ajfa-6010	218	9	8	8	NUM
ajfa-6010	218	10	.	.	PUNCT
ajfa-6010	218	11	semi	semi	ADJ
ajfa-6010	218	12	variance	variance	NOUN
ajfa-6010	218	13	and	and	CCONJ
ajfa-6010	218	14	downsize	downsize	VERB
ajfa-6010	218	15	beta	beta	ADJ
ajfa-6010	218	16	coefficients	coefficient	NOUN
ajfa-6010	218	17	in	in	ADP
ajfa-6010	218	18	both	both	DET
ajfa-6010	218	19	models	model	NOUN
ajfa-6010	218	20	are	be	AUX
ajfa-6010	218	21	variance	variance	NOUN
ajfa-6010	218	22	and	and	CCONJ
ajfa-6010	218	23	traditional	traditional	ADJ
ajfa-6010	218	24	beta	beta	ADJ
ajfa-6010	218	25	coefficients	coefficient	NOUN
ajfa-6010	218	26	.	.	PUNCT
ajfa-6010	219	1	it	it	PRON
ajfa-6010	219	2	means	mean	VERB
ajfa-6010	219	3	that	that	SCONJ
ajfa-6010	219	4	downsize	downsize	VERB
ajfa-6010	219	5	risk	risk	NOUN
ajfa-6010	219	6	better	well	ADV
ajfa-6010	219	7	shows	show	VERB
ajfa-6010	219	8	stock	stock	NOUN
ajfa-6010	219	9	surplus	surplus	NOUN
ajfa-6010	219	10	return	return	NOUN
ajfa-6010	219	11	changes	change	NOUN
ajfa-6010	219	12	.	.	PUNCT
ajfa-6010	220	1	in	in	ADP
ajfa-6010	220	2	addition	addition	NOUN
ajfa-6010	220	3	,	,	PUNCT
ajfa-6010	220	4	the	the	DET
ajfa-6010	220	5	results	result	NOUN
ajfa-6010	220	6	indicate	indicate	VERB
ajfa-6010	220	7	that	that	SCONJ
ajfa-6010	220	8	if	if	SCONJ
ajfa-6010	220	9	any	any	PRON
ajfa-6010	220	10	of	of	ADP
ajfa-6010	220	11	the	the	DET
ajfa-6010	220	12	variables	variable	NOUN
ajfa-6010	220	13	of	of	ADP
ajfa-6010	220	14	downsize	downsize	NOUN
ajfa-6010	220	15	risk	risk	NOUN
ajfa-6010	220	16	is	be	AUX
ajfa-6010	220	17	inserted	insert	VERB
ajfa-6010	220	18	in	in	ADP
ajfa-6010	220	19	the	the	DET
ajfa-6010	220	20	model	model	NOUN
ajfa-6010	220	21	,	,	PUNCT
ajfa-6010	220	22	they	they	PRON
ajfa-6010	220	23	will	will	AUX
ajfa-6010	220	24	have	have	VERB
ajfa-6010	220	25	higher	high	ADJ
ajfa-6010	220	26	determining	determine	VERB
ajfa-6010	220	27	coefficients	coefficient	NOUN
ajfa-6010	220	28	.	.	PUNCT
ajfa-6010	221	1	the	the	DET
ajfa-6010	221	2	highness	highness	NOUN
ajfa-6010	221	3	of	of	ADP
ajfa-6010	221	4	the	the	DET
ajfa-6010	221	5	obtained	obtain	VERB
ajfa-6010	221	6	r2	r2	PROPN
ajfa-6010	221	7	by	by	ADP
ajfa-6010	221	8	traditional	traditional	ADJ
ajfa-6010	221	9	beta	beta	NOUN
ajfa-6010	221	10	and	and	CCONJ
ajfa-6010	221	11	semi	semi	ADJ
ajfa-6010	221	12	variance	variance	NOUN
ajfa-6010	221	13	(	(	PUNCT
ajfa-6010	221	14	52	52	NUM
ajfa-6010	221	15	%	%	NOUN
ajfa-6010	221	16	)	)	PUNCT
ajfa-6010	221	17	compared	compare	VERB
ajfa-6010	221	18	to	to	PART
ajfa-6010	221	19	variance	variance	NOUN
ajfa-6010	221	20	and	and	CCONJ
ajfa-6010	221	21	traditional	traditional	ADJ
ajfa-6010	221	22	beta	beta	NOUN
ajfa-6010	221	23	(	(	PUNCT
ajfa-6010	221	24	47	47	NUM
ajfa-6010	221	25	%	%	NOUN
ajfa-6010	221	26	)	)	PUNCT
ajfa-6010	221	27	,	,	PUNCT
ajfa-6010	221	28	and	and	CCONJ
ajfa-6010	221	29	downsize	downsize	VERB
ajfa-6010	221	30	beta	beta	NOUN
ajfa-6010	221	31	and	and	CCONJ
ajfa-6010	221	32	variance	variance	NOUN
ajfa-6010	221	33	(	(	PUNCT
ajfa-6010	221	34	63	63	NUM
ajfa-6010	221	35	%	%	NOUN
ajfa-6010	221	36	)	)	PUNCT
ajfa-6010	221	37	,	,	PUNCT
ajfa-6010	221	38	downsize	downsize	VERB
ajfa-6010	221	39	beta	beta	NOUN
ajfa-6010	221	40	and	and	CCONJ
ajfa-6010	221	41	semi	semi	ADJ
ajfa-6010	221	42	variance	variance	NOUN
ajfa-6010	221	43	(	(	PUNCT
ajfa-6010	221	44	68	68	NUM
ajfa-6010	221	45	%	%	NOUN
ajfa-6010	221	46	)	)	PUNCT
ajfa-6010	221	47	has	have	VERB
ajfa-6010	221	48	higher	high	ADJ
ajfa-6010	221	49	explanation	explanation	NOUN
ajfa-6010	221	50	power	power	NOUN
ajfa-6010	221	51	than	than	ADP
ajfa-6010	221	52	variance	variance	NOUN
ajfa-6010	221	53	and	and	CCONJ
ajfa-6010	221	54	traditional	traditional	ADJ
ajfa-6010	221	55	beta	beta	NOUN
ajfa-6010	221	56	(	(	PUNCT
ajfa-6010	221	57	47	47	NUM
ajfa-6010	221	58	%	%	NOUN
ajfa-6010	221	59	)	)	PUNCT
ajfa-6010	221	60	for	for	ADP
ajfa-6010	221	61	downsize	downsize	VERB
ajfa-6010	221	62	risk	risk	NOUN
ajfa-6010	221	63	to	to	ADP
ajfa-6010	221	64	traditional	traditional	ADJ
ajfa-6010	221	65	risk	risk	NOUN
ajfa-6010	221	66	in	in	ADP
ajfa-6010	221	67	evaluating	evaluate	VERB
ajfa-6010	221	68	stock	stock	NOUN
ajfa-6010	221	69	surplus	surplus	NOUN
ajfa-6010	221	70	return	return	NOUN
ajfa-6010	221	71	mean	mean	NOUN
ajfa-6010	221	72	.	.	PUNCT
ajfa-6010	222	1	statistic	statistic	PROPN
ajfa-6010	222	2	f	f	PROPN
ajfa-6010	222	3	indicates	indicate	VERB
ajfa-6010	222	4	the	the	DET
ajfa-6010	222	5	whole	whole	ADJ
ajfa-6010	222	6	regression	regression	NOUN
ajfa-6010	222	7	significance	significance	NOUN
ajfa-6010	222	8	.	.	PUNCT
ajfa-6010	223	1	discussion	discussion	NOUN
ajfa-6010	223	2	and	and	CCONJ
ajfa-6010	223	3	conclusion	conclusion	NOUN
ajfa-6010	223	4	using	use	VERB
ajfa-6010	223	5	the	the	DET
ajfa-6010	223	6	models	model	NOUN
ajfa-6010	223	7	based	base	VERB
ajfa-6010	223	8	on	on	ADP
ajfa-6010	223	9	variance	variance	NOUN
ajfa-6010	223	10	mean	mean	NOUN
ajfa-6010	223	11	behavior	behavior	NOUN
ajfa-6010	223	12	for	for	ADP
ajfa-6010	223	13	explaining	explain	VERB
ajfa-6010	223	14	tehran	tehran	PROPN
ajfa-6010	223	15	stock	stock	PROPN
ajfa-6010	223	16	exchange	exchange	PROPN
ajfa-6010	223	17	companies	company	NOUN
ajfa-6010	223	18	is	be	AUX
ajfa-6010	223	19	not	not	PART
ajfa-6010	223	20	appropriate	appropriate	ADJ
ajfa-6010	223	21	.	.	PUNCT
ajfa-6010	224	1	because	because	SCONJ
ajfa-6010	224	2	in	in	ADP
ajfa-6010	224	3	most	most	ADJ
ajfa-6010	224	4	parts	part	NOUN
ajfa-6010	224	5	of	of	ADP
ajfa-6010	224	6	market	market	NOUN
ajfa-6010	224	7	,	,	PUNCT
ajfa-6010	224	8	normality	normality	NOUN
ajfa-6010	224	9	of	of	ADP
ajfa-6010	224	10	return	return	NOUN
ajfa-6010	224	11	can	can	AUX
ajfa-6010	224	12	not	not	PART
ajfa-6010	224	13	be	be	AUX
ajfa-6010	224	14	used	use	VERB
ajfa-6010	224	15	.	.	PUNCT
ajfa-6010	225	1	therefore	therefore	ADV
ajfa-6010	225	2	,	,	PUNCT
ajfa-6010	225	3	inappropriate	inappropriate	ADJ
ajfa-6010	225	4	risk	risk	NOUN
ajfa-6010	225	5	indexes	index	NOUN
ajfa-6010	225	6	(	(	PUNCT
ajfa-6010	225	7	semi	semi	ADJ
ajfa-6010	225	8	variance	variance	NOUN
ajfa-6010	225	9	and	and	CCONJ
ajfa-6010	225	10	downsize	downsize	VERB
ajfa-6010	225	11	beta	beta	NOUN
ajfa-6010	225	12	)	)	PUNCT
ajfa-6010	225	13	have	have	AUX
ajfa-6010	225	14	been	be	AUX
ajfa-6010	225	15	used	use	VERB
ajfa-6010	225	16	in	in	ADP
ajfa-6010	225	17	evaluating	evaluate	VERB
ajfa-6010	225	18	return	return	NOUN
ajfa-6010	225	19	mean	mean	VERB
ajfa-6010	225	20	,	,	PUNCT
ajfa-6010	225	21	and	and	CCONJ
ajfa-6010	225	22	surplus	surplus	ADJ
ajfa-6010	225	23	return	return	NOUN
ajfa-6010	225	24	mean	mean	VERB
ajfa-6010	225	25	,	,	PUNCT
ajfa-6010	225	26	and	and	CCONJ
ajfa-6010	225	27	it	it	PRON
ajfa-6010	225	28	was	be	AUX
ajfa-6010	225	29	proved	prove	VERB
ajfa-6010	225	30	that	that	SCONJ
ajfa-6010	225	31	they	they	PRON
ajfa-6010	225	32	are	be	AUX
ajfa-6010	225	33	better	well	ADJ
ajfa-6010	225	34	asian	asian	ADJ
ajfa-6010	225	35	journal	journal	NOUN
ajfa-6010	225	36	of	of	ADP
ajfa-6010	225	37	finance	finance	PROPN
ajfa-6010	225	38	&	&	CCONJ
ajfa-6010	225	39	accounting	accounting	PROPN
ajfa-6010	225	40	issn	issn	PROPN
ajfa-6010	225	41	1946	1946	NUM
ajfa-6010	225	42	-	-	PUNCT
ajfa-6010	225	43	052x	052x	PROPN
ajfa-6010	225	44	2014	2014	NUM
ajfa-6010	225	45	,	,	PUNCT
ajfa-6010	225	46	vol	vol	NOUN
ajfa-6010	225	47	.	.	PROPN
ajfa-6010	225	48	6	6	NUM
ajfa-6010	225	49	,	,	PUNCT
ajfa-6010	225	50	no	no	INTJ
ajfa-6010	225	51	.	.	NOUN
ajfa-6010	225	52	2	2	NUM
ajfa-6010	225	53	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6010	225	54	420	420	NUM
ajfa-6010	225	55	than	than	ADP
ajfa-6010	225	56	risk	risk	NOUN
ajfa-6010	225	57	traditional	traditional	ADJ
ajfa-6010	225	58	indexes	index	NOUN
ajfa-6010	225	59	.	.	PUNCT
ajfa-6010	226	1	the	the	DET
ajfa-6010	226	2	direct	direct	ADJ
ajfa-6010	226	3	and	and	CCONJ
ajfa-6010	226	4	linear	linear	ADJ
ajfa-6010	226	5	relationship	relationship	NOUN
ajfa-6010	226	6	between	between	ADP
ajfa-6010	226	7	return	return	NOUN
ajfa-6010	226	8	and	and	CCONJ
ajfa-6010	226	9	risk	risk	VERB
ajfa-6010	226	10	various	various	ADJ
ajfa-6010	226	11	indexes	index	NOUN
ajfa-6010	226	12	has	have	AUX
ajfa-6010	226	13	been	be	AUX
ajfa-6010	226	14	proved	prove	VERB
ajfa-6010	226	15	.	.	PUNCT
ajfa-6010	227	1	the	the	DET
ajfa-6010	227	2	results	result	NOUN
ajfa-6010	227	3	show	show	VERB
ajfa-6010	227	4	that	that	SCONJ
ajfa-6010	227	5	downsize	downsize	NOUN
ajfa-6010	227	6	indexes	index	NOUN
ajfa-6010	227	7	have	have	VERB
ajfa-6010	227	8	higher	high	ADJ
ajfa-6010	227	9	explanation	explanation	NOUN
ajfa-6010	227	10	power	power	NOUN
ajfa-6010	227	11	than	than	ADP
ajfa-6010	227	12	traditional	traditional	ADJ
ajfa-6010	227	13	indexes	index	NOUN
ajfa-6010	227	14	for	for	ADP
ajfa-6010	227	15	return	return	NOUN
ajfa-6010	227	16	and	and	CCONJ
ajfa-6010	227	17	surplus	surplus	NOUN
ajfa-6010	227	18	return	return	NOUN
ajfa-6010	227	19	.	.	PUNCT
ajfa-6010	228	1	therefore	therefore	ADV
ajfa-6010	228	2	,	,	PUNCT
ajfa-6010	228	3	analysts	analyst	NOUN
ajfa-6010	228	4	and	and	CCONJ
ajfa-6010	228	5	activators	activator	NOUN
ajfa-6010	228	6	of	of	ADP
ajfa-6010	228	7	investment	investment	NOUN
ajfa-6010	228	8	market	market	NOUN
ajfa-6010	228	9	can	can	AUX
ajfa-6010	228	10	focus	focus	VERB
ajfa-6010	228	11	on	on	ADP
ajfa-6010	228	12	downsize	downsize	NOUN
ajfa-6010	228	13	and	and	CCONJ
ajfa-6010	228	14	falling	fall	VERB
ajfa-6010	228	15	risks	risk	NOUN
ajfa-6010	228	16	to	to	PART
ajfa-6010	228	17	evaluate	evaluate	VERB
ajfa-6010	228	18	their	their	PRON
ajfa-6010	228	19	predictions	prediction	NOUN
ajfa-6010	228	20	,	,	PUNCT
ajfa-6010	228	21	and	and	CCONJ
ajfa-6010	228	22	obtain	obtain	VERB
ajfa-6010	228	23	more	more	ADJ
ajfa-6010	228	24	satisfactory	satisfactory	ADJ
ajfa-6010	228	25	results	result	NOUN
ajfa-6010	228	26	.	.	PUNCT
ajfa-6010	229	1	the	the	DET
ajfa-6010	229	2	results	result	NOUN
ajfa-6010	229	3	of	of	ADP
ajfa-6010	229	4	this	this	DET
ajfa-6010	229	5	research	research	NOUN
ajfa-6010	229	6	,	,	PUNCT
ajfa-6010	229	7	in	in	ADP
ajfa-6010	229	8	the	the	DET
ajfa-6010	229	9	first	first	ADJ
ajfa-6010	229	10	hypothesis	hypothesis	NOUN
ajfa-6010	229	11	,	,	PUNCT
ajfa-6010	229	12	are	be	AUX
ajfa-6010	229	13	in	in	ADP
ajfa-6010	229	14	line	line	NOUN
ajfa-6010	229	15	with	with	ADP
ajfa-6010	229	16	quiric	quiric	NOUN
ajfa-6010	229	17	and	and	CCONJ
ajfa-6010	229	18	saposnik	saposnik	X
ajfa-6010	229	19	(	(	PUNCT
ajfa-6010	229	20	1962	1962	NUM
ajfa-6010	229	21	)	)	PUNCT
ajfa-6010	229	22	,	,	PUNCT
ajfa-6010	229	23	estrada	estrada	PROPN
ajfa-6010	229	24	(	(	PUNCT
ajfa-6010	229	25	2002	2002	NUM
ajfa-6010	229	26	,	,	PUNCT
ajfa-6010	229	27	2007	2007	NUM
ajfa-6010	229	28	)	)	PUNCT
ajfa-6010	229	29	,	,	PUNCT
ajfa-6010	229	30	harvey	harvey	NOUN
ajfa-6010	229	31	(	(	PUNCT
ajfa-6010	229	32	2002	2002	NUM
ajfa-6010	229	33	)	)	PUNCT
ajfa-6010	229	34	,	,	PUNCT
ajfa-6010	229	35	and	and	CCONJ
ajfa-6010	229	36	pederson	pederson	PROPN
ajfa-6010	229	37	and	and	CCONJ
ajfa-6010	229	38	howang	howang	PROPN
ajfa-6010	229	39	(	(	PUNCT
ajfa-6010	229	40	2002	2002	NUM
ajfa-6010	229	41	)	)	PUNCT
ajfa-6010	229	42	,	,	PUNCT
ajfa-6010	229	43	and	and	CCONJ
ajfa-6010	229	44	don	don	PROPN
ajfa-6010	229	45	(	(	PUNCT
ajfa-6010	229	46	2007	2007	NUM
ajfa-6010	229	47	)	)	PUNCT
ajfa-6010	229	48	.	.	PUNCT
ajfa-6010	230	1	the	the	DET
ajfa-6010	230	2	results	result	NOUN
ajfa-6010	230	3	of	of	ADP
ajfa-6010	230	4	the	the	DET
ajfa-6010	230	5	second	second	ADJ
ajfa-6010	230	6	hypothesis	hypothesis	NOUN
ajfa-6010	230	7	prove	prove	VERB
ajfa-6010	230	8	the	the	DET
ajfa-6010	230	9	researches	research	NOUN
ajfa-6010	230	10	done	do	VERB
ajfa-6010	230	11	by	by	ADP
ajfa-6010	230	12	stivenbech	stivenbech	NOUN
ajfa-6010	230	13	(	(	PUNCT
ajfa-6010	230	14	2011	2011	NUM
ajfa-6010	230	15	)	)	PUNCT
ajfa-6010	230	16	,	,	PUNCT
ajfa-6010	230	17	and	and	CCONJ
ajfa-6010	230	18	saídi	saídi	VERB
ajfa-6010	230	19	and	and	CCONJ
ajfa-6010	230	20	safdaripour	safdaripour	NOUN
ajfa-6010	230	21	(	(	PUNCT
ajfa-6010	230	22	2008	2008	NUM
ajfa-6010	230	23	)	)	PUNCT
ajfa-6010	230	24	.	.	PUNCT
ajfa-6010	231	1	suggestions	suggestion	NOUN
ajfa-6010	231	2	for	for	ADP
ajfa-6010	231	3	further	further	ADJ
ajfa-6010	231	4	research	research	NOUN
ajfa-6010	231	5	1	1	NUM
ajfa-6010	231	6	.	.	PUNCT
ajfa-6010	231	7	using	use	VERB
ajfa-6010	231	8	downsize	downsize	NOUN
ajfa-6010	231	9	risk	risk	NOUN
ajfa-6010	231	10	criteria	criterion	NOUN
ajfa-6010	231	11	to	to	PART
ajfa-6010	231	12	evaluate	evaluate	VERB
ajfa-6010	231	13	appropriateness	appropriateness	NOUN
ajfa-6010	231	14	of	of	ADP
ajfa-6010	231	15	investment	investment	NOUN
ajfa-6010	231	16	projects	project	NOUN
ajfa-6010	231	17	2	2	NUM
ajfa-6010	231	18	.	.	PUNCT
ajfa-6010	231	19	evaluating	evaluate	VERB
ajfa-6010	231	20	performance	performance	NOUN
ajfa-6010	231	21	of	of	ADP
ajfa-6010	231	22	common	common	ADJ
ajfa-6010	231	23	funds	fund	NOUN
ajfa-6010	231	24	investment	investment	NOUN
ajfa-6010	231	25	basket	basket	NOUN
ajfa-6010	231	26	through	through	ADP
ajfa-6010	231	27	downsize	downsize	NOUN
ajfa-6010	231	28	risk	risk	NOUN
ajfa-6010	231	29	approach	approach	NOUN
ajfa-6010	231	30	3	3	NUM
ajfa-6010	231	31	.	.	PUNCT
ajfa-6010	231	32	evaluating	evaluate	VERB
ajfa-6010	231	33	downsize	downsize	NOUN
ajfa-6010	231	34	risk	risk	NOUN
ajfa-6010	231	35	criteria	criterion	NOUN
ajfa-6010	231	36	in	in	ADP
ajfa-6010	231	37	financial	financial	ADJ
ajfa-6010	231	38	institutes	institute	NOUN
ajfa-6010	231	39	and	and	CCONJ
ajfa-6010	231	40	investment	investment	NOUN
ajfa-6010	231	41	companies	company	NOUN
ajfa-6010	231	42	4	4	NUM
ajfa-6010	231	43	.	.	PUNCT
ajfa-6010	231	44	semi	semi	ADJ
ajfa-6010	231	45	variance	variance	NOUN
ajfa-6010	231	46	analysis	analysis	NOUN
ajfa-6010	231	47	under	under	ADP
ajfa-6010	231	48	target	target	NOUN
ajfa-6010	231	49	rate	rate	NOUN
ajfa-6010	231	50	at	at	ADP
ajfa-6010	231	51	the	the	DET
ajfa-6010	231	52	level	level	NOUN
ajfa-6010	231	53	of	of	ADP
ajfa-6010	231	54	companies	company	NOUN
ajfa-6010	231	55	return	return	VERB
ajfa-6010	231	56	.	.	PUNCT
ajfa-6010	232	1	references	reference	NOUN
ajfa-6010	232	2	ang	ang	PROPN
ajfa-6010	232	3	,	,	PUNCT
ajfa-6010	232	4	a.	a.	PROPN
ajfa-6010	232	5	,	,	PUNCT
ajfa-6010	232	6	chen	chen	PROPN
ajfa-6010	232	7	,	,	PUNCT
ajfa-6010	232	8	j.	j.	PROPN
ajfa-6010	232	9	,	,	PUNCT
ajfa-6010	232	10	&	&	CCONJ
ajfa-6010	232	11	xing	xing	PROPN
ajfa-6010	232	12	,	,	PUNCT
ajfa-6010	232	13	y.	y.	PROPN
ajfa-6010	232	14	(	(	PUNCT
ajfa-6010	232	15	2002	2002	NUM
ajfa-6010	232	16	)	)	PUNCT
ajfa-6010	232	17	.	.	PUNCT
ajfa-6010	233	1	downside	downside	ADJ
ajfa-6010	233	2	correlation	correlation	NOUN
ajfa-6010	233	3	and	and	CCONJ
ajfa-6010	233	4	expected	expect	VERB
ajfa-6010	233	5	stock	stock	NOUN
ajfa-6010	233	6	returns	return	NOUN
ajfa-6010	233	7	,	,	PUNCT
ajfa-6010	233	8	efa	efa	PROPN
ajfa-6010	233	9	2002	2002	NUM
ajfa-6010	233	10	berlin	berlin	PROPN
ajfa-6010	233	11	meetings	meeting	NOUN
ajfa-6010	233	12	presented	present	VERB
ajfa-6010	233	13	paper	paper	NOUN
ajfa-6010	233	14	:	:	PUNCT
ajfa-6010	233	15	usc	usc	PROPN
ajfa-6010	233	16	finance	finance	PROPN
ajfa-6010	233	17	&	&	CCONJ
ajfa-6010	233	18	business	business	PROPN
ajfa-6010	233	19	econ	econ	PROPN
ajfa-6010	233	20	.	.	PUNCT
ajfa-6010	234	1	bawa	bawa	PROPN
ajfa-6010	234	2	,	,	PUNCT
ajfa-6010	234	3	v.	v.	PROPN
ajfa-6010	234	4	,	,	PUNCT
ajfa-6010	234	5	&	&	CCONJ
ajfa-6010	234	6	lindenberg	lindenberg	PROPN
ajfa-6010	234	7	,	,	PUNCT
ajfa-6010	234	8	e.	e.	PROPN
ajfa-6010	234	9	(	(	PUNCT
ajfa-6010	234	10	1977	1977	NUM
ajfa-6010	234	11	)	)	PUNCT
ajfa-6010	234	12	.	.	PUNCT
ajfa-6010	235	1	capital	capital	NOUN
ajfa-6010	235	2	market	market	NOUN
ajfa-6010	235	3	equilibrium	equilibrium	NOUN
ajfa-6010	235	4	in	in	ADP
ajfa-6010	235	5	mean	mean	ADJ
ajfa-6010	235	6	–	–	PUNCT
ajfa-6010	235	7	lower	low	ADJ
ajfa-6010	235	8	partial	partial	ADJ
ajfa-6010	235	9	moment	moment	NOUN
ajfa-6010	235	10	farmwork	farmwork	NOUN
ajfa-6010	235	11	.	.	PUNCT
ajfa-6010	236	1	journal	journal	NOUN
ajfa-6010	236	2	of	of	ADP
ajfa-6010	236	3	financial	financial	ADJ
ajfa-6010	236	4	economics	economic	NOUN
ajfa-6010	236	5	,	,	PUNCT
ajfa-6010	236	6	5	5	NUM
ajfa-6010	236	7	,	,	PUNCT
ajfa-6010	236	8	189	189	NUM
ajfa-6010	236	9	-	-	SYM
ajfa-6010	236	10	200	200	NUM
ajfa-6010	236	11	.	.	PUNCT
ajfa-6010	237	1	don	don	PROPN
ajfa-6010	237	2	u.	u.	PROPN
ajfa-6010	237	3	a.	a.	PROPN
ajfa-6010	237	4	galagedera	galagedera	PROPN
ajfa-6010	237	5	.	.	PUNCT
ajfa-6010	238	1	(	(	PUNCT
ajfa-6010	238	2	2007	2007	NUM
ajfa-6010	238	3	)	)	PUNCT
ajfa-6010	238	4	.	.	PUNCT
ajfa-6010	239	1	an	an	DET
ajfa-6010	239	2	alternative	alternative	ADJ
ajfa-6010	239	3	perspective	perspective	NOUN
ajfa-6010	239	4	on	on	ADP
ajfa-6010	239	5	the	the	DET
ajfa-6010	239	6	relationship	relationship	NOUN
ajfa-6010	239	7	between	between	ADP
ajfa-6010	239	8	downside	downside	ADJ
ajfa-6010	239	9	beta	beta	NOUN
ajfa-6010	239	10	and	and	CCONJ
ajfa-6010	239	11	capm	capm	PROPN
ajfa-6010	239	12	beta	beta	NOUN
ajfa-6010	239	13	.	.	PUNCT
ajfa-6010	240	1	emerging	emerge	VERB
ajfa-6010	240	2	market	market	NOUN
ajfa-6010	240	3	review	review	NOUN
ajfa-6010	240	4	,	,	PUNCT
ajfa-6010	240	5	8	8	NUM
ajfa-6010	240	6	,	,	PUNCT
ajfa-6010	240	7	4	4	NUM
ajfa-6010	240	8	-	-	SYM
ajfa-6010	240	9	19	19	NUM
ajfa-6010	240	10	estrada	estrada	PROPN
ajfa-6010	240	11	,	,	PUNCT
ajfa-6010	240	12	j.	j.	PROPN
ajfa-6010	240	13	(	(	PUNCT
ajfa-6010	240	14	2002	2002	NUM
ajfa-6010	240	15	)	)	PUNCT
ajfa-6010	240	16	.	.	PUNCT
ajfa-6010	241	1	systematic	systematic	ADJ
ajfa-6010	241	2	risk	risk	NOUN
ajfa-6010	241	3	in	in	ADP
ajfa-6010	241	4	emerging	emerge	VERB
ajfa-6010	241	5	market	market	NOUN
ajfa-6010	241	6	:	:	PUNCT
ajfa-6010	241	7	the	the	DET
ajfa-6010	241	8	d	d	PROPN
ajfa-6010	241	9	-	-	PUNCT
ajfa-6010	241	10	capm	capm	NOUN
ajfa-6010	241	11	.	.	PUNCT
ajfa-6010	242	1	emerging	emerge	VERB
ajfa-6010	242	2	markets	market	NOUN
ajfa-6010	242	3	review	review	VERB
ajfa-6010	242	4	,	,	PUNCT
ajfa-6010	242	5	4	4	NUM
ajfa-6010	242	6	,	,	PUNCT
ajfa-6010	242	7	365	365	NUM
ajfa-6010	242	8	-	-	SYM
ajfa-6010	242	9	379	379	NUM
ajfa-6010	242	10	.	.	PUNCT
ajfa-6010	243	1	http://dx.doi.org/10.1016/s1566-0141(02)00042-0	http://dx.doi.org/10.1016/s1566-0141(02)00042-0	PROPN
ajfa-6010	243	2	estrada	estrada	PROPN
ajfa-6010	243	3	,	,	PUNCT
ajfa-6010	243	4	j.	j.	PROPN
ajfa-6010	243	5	(	(	PUNCT
ajfa-6010	243	6	2004	2004	NUM
ajfa-6010	243	7	)	)	PUNCT
ajfa-6010	243	8	.	.	PUNCT
ajfa-6010	244	1	mean	mean	ADJ
ajfa-6010	244	2	-	-	PUNCT
ajfa-6010	244	3	semi	semi	ADJ
ajfa-6010	244	4	variance	variance	NOUN
ajfa-6010	244	5	behavior	behavior	NOUN
ajfa-6010	244	6	:	:	PUNCT
ajfa-6010	244	7	an	an	DET
ajfa-6010	244	8	alternative	alternative	ADJ
ajfa-6010	244	9	behavioral	behavioral	ADJ
ajfa-6010	244	10	model	model	NOUN
ajfa-6010	244	11	.	.	PUNCT
ajfa-6010	245	1	journal	journal	NOUN
ajfa-6010	245	2	of	of	ADP
ajfa-6010	245	3	emerging	emerge	VERB
ajfa-6010	245	4	market	market	NOUN
ajfa-6010	245	5	finance	finance	NOUN
ajfa-6010	245	6	,	,	PUNCT
ajfa-6010	245	7	3	3	NUM
ajfa-6010	245	8	,	,	PUNCT
ajfa-6010	245	9	231	231	NUM
ajfa-6010	245	10	-	-	SYM
ajfa-6010	245	11	248	248	NUM
ajfa-6010	245	12	estrada	estrada	PROPN
ajfa-6010	245	13	,	,	PUNCT
ajfa-6010	245	14	j.	j.	PROPN
ajfa-6010	245	15	(	(	PUNCT
ajfa-6010	245	16	2007	2007	NUM
ajfa-6010	245	17	)	)	PUNCT
ajfa-6010	245	18	.	.	PUNCT
ajfa-6010	246	1	mean	mean	VERB
ajfa-6010	246	2	–	–	PUNCT
ajfa-6010	246	3	semi	semi	ADJ
ajfa-6010	246	4	variance	variance	NOUN
ajfa-6010	246	5	behavior	behavior	NOUN
ajfa-6010	246	6	:	:	PUNCT
ajfa-6010	246	7	downside	downside	ADJ
ajfa-6010	246	8	risk	risk	NOUN
ajfa-6010	246	9	and	and	CCONJ
ajfa-6010	246	10	capital	capital	NOUN
ajfa-6010	246	11	asset	asset	NOUN
ajfa-6010	246	12	pricing	pricing	NOUN
ajfa-6010	246	13	.	.	PUNCT
ajfa-6010	247	1	international	international	ADJ
ajfa-6010	247	2	review	review	NOUN
ajfa-6010	247	3	of	of	ADP
ajfa-6010	247	4	economics	economic	NOUN
ajfa-6010	247	5	and	and	CCONJ
ajfa-6010	247	6	finance	finance	NOUN
ajfa-6010	247	7	,	,	PUNCT
ajfa-6010	247	8	16	16	NUM
ajfa-6010	247	9	,	,	PUNCT
ajfa-6010	247	10	169	169	NUM
ajfa-6010	247	11	-	-	SYM
ajfa-6010	247	12	185	185	NUM
ajfa-6010	247	13	.	.	PUNCT
ajfa-6010	248	1	http://dx.doi.org/10.1016/j.iref.2005.03.003	http://dx.doi.org/10.1016/j.iref.2005.03.003	PROPN
ajfa-6010	248	2	harlow	harlow	PROPN
ajfa-6010	248	3	,	,	PUNCT
ajfa-6010	248	4	v.	v.	PROPN
ajfa-6010	248	5	,	,	PUNCT
ajfa-6010	248	6	&	&	CCONJ
ajfa-6010	248	7	rao	rao	PROPN
ajfa-6010	248	8	,	,	PUNCT
ajfa-6010	248	9	r.	r.	PROPN
ajfa-6010	248	10	(	(	PUNCT
ajfa-6010	248	11	1989	1989	NUM
ajfa-6010	248	12	)	)	PUNCT
ajfa-6010	248	13	.	.	PUNCT
ajfa-6010	249	1	asset	asset	NOUN
ajfa-6010	249	2	pricing	pricing	NOUN
ajfa-6010	249	3	in	in	ADP
ajfa-6010	249	4	a	a	DET
ajfa-6010	249	5	generalized	generalized	ADJ
ajfa-6010	249	6	mean	mean	ADJ
ajfa-6010	249	7	-	-	PUNCT
ajfa-6010	249	8	lower	low	ADJ
ajfa-6010	249	9	partial	partial	ADJ
ajfa-6010	249	10	moment	moment	NOUN
ajfa-6010	249	11	framework	framework	NOUN
ajfa-6010	249	12	:	:	PUNCT
ajfa-6010	249	13	theory	theory	NOUN
ajfa-6010	249	14	and	and	CCONJ
ajfa-6010	249	15	evidence	evidence	NOUN
ajfa-6010	249	16	.	.	PUNCT
ajfa-6010	250	1	journal	journal	NOUN
ajfa-6010	250	2	of	of	ADP
ajfa-6010	250	3	financial	financial	ADJ
ajfa-6010	250	4	and	and	CCONJ
ajfa-6010	250	5	quantitative	quantitative	ADJ
ajfa-6010	250	6	analysis	analysis	NOUN
ajfa-6010	250	7	,	,	PUNCT
ajfa-6010	250	8	24	24	NUM
ajfa-6010	250	9	,	,	PUNCT
ajfa-6010	250	10	285	285	NUM
ajfa-6010	250	11	-	-	SYM
ajfa-6010	250	12	311	311	NUM
ajfa-6010	250	13	.	.	PUNCT
ajfa-6010	251	1	harvey	harvey	NOUN
ajfa-6010	251	2	,	,	PUNCT
ajfa-6010	251	3	c.	c.	PROPN
ajfa-6010	251	4	r.	r.	PROPN
ajfa-6010	251	5	(	(	PUNCT
ajfa-6010	251	6	2002	2002	NUM
ajfa-6010	251	7	)	)	PUNCT
ajfa-6010	251	8	.	.	PUNCT
ajfa-6010	252	1	drivers	driver	NOUN
ajfa-6010	252	2	of	of	ADP
ajfa-6010	252	3	expected	expect	VERB
ajfa-6010	252	4	returns	return	NOUN
ajfa-6010	252	5	international	international	ADJ
ajfa-6010	252	6	market	market	NOUN
ajfa-6010	252	7	.	.	PUNCT
ajfa-6010	253	1	emerging	emerge	VERB
ajfa-6010	253	2	market	market	NOUN
ajfa-6010	253	3	quarterly	quarterly	ADV
ajfa-6010	253	4	,	,	PUNCT
ajfa-6010	253	5	32	32	NUM
ajfa-6010	253	6	-	-	SYM
ajfa-6010	253	7	48	48	NUM
ajfa-6010	253	8	.	.	PUNCT
ajfa-6010	254	1	asian	asian	ADJ
ajfa-6010	254	2	journal	journal	PROPN
ajfa-6010	254	3	of	of	ADP
ajfa-6010	254	4	finance	finance	PROPN
ajfa-6010	254	5	&	&	CCONJ
ajfa-6010	254	6	accounting	accounting	PROPN
ajfa-6010	254	7	issn	issn	PROPN
ajfa-6010	254	8	1946	1946	NUM
ajfa-6010	254	9	-	-	PUNCT
ajfa-6010	254	10	052x	052x	PROPN
ajfa-6010	254	11	2014	2014	NUM
ajfa-6010	254	12	,	,	PUNCT
ajfa-6010	254	13	vol	vol	NOUN
ajfa-6010	254	14	.	.	PROPN
ajfa-6010	255	1	6	6	NUM
ajfa-6010	255	2	,	,	PUNCT
ajfa-6010	255	3	no	no	INTJ
ajfa-6010	255	4	.	.	NOUN
ajfa-6010	255	5	2	2	NUM
ajfa-6010	255	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6010	255	7	421	421	NUM
ajfa-6010	255	8	hawang	hawang	PROPN
ajfa-6010	255	9	,	,	PUNCT
ajfa-6010	255	10	s.	s.	PROPN
ajfa-6010	255	11	,	,	PUNCT
ajfa-6010	255	12	&	&	CCONJ
ajfa-6010	255	13	pedersen	pedersen	PROPN
ajfa-6010	255	14	,	,	PUNCT
ajfa-6010	255	15	c.	c.	PROPN
ajfa-6010	255	16	(	(	PUNCT
ajfa-6010	255	17	2004	2004	NUM
ajfa-6010	255	18	)	)	PUNCT
ajfa-6010	255	19	.	.	PUNCT
ajfa-6010	256	1	asymmetric	asymmetric	ADJ
ajfa-6010	256	2	risk	risk	NOUN
ajfa-6010	256	3	measures	measure	NOUN
ajfa-6010	256	4	when	when	SCONJ
ajfa-6010	256	5	modeling	model	VERB
ajfa-6010	256	6	emerging	emerge	VERB
ajfa-6010	256	7	markets	market	NOUN
ajfa-6010	256	8	equities	equity	NOUN
ajfa-6010	256	9	:	:	PUNCT
ajfa-6010	256	10	evidence	evidence	NOUN
ajfa-6010	256	11	for	for	ADP
ajfa-6010	256	12	regional	regional	ADJ
ajfa-6010	256	13	timing	timing	NOUN
ajfa-6010	256	14	effects	effect	NOUN
ajfa-6010	256	15	.	.	PUNCT
ajfa-6010	257	1	emerging	emerge	VERB
ajfa-6010	257	2	markets	market	NOUN
ajfa-6010	257	3	review	review	VERB
ajfa-6010	257	4	,	,	PUNCT
ajfa-6010	257	5	5	5	NUM
ajfa-6010	257	6	,	,	PUNCT
ajfa-6010	257	7	109	109	NUM
ajfa-6010	257	8	-	-	SYM
ajfa-6010	257	9	128	128	NUM
ajfa-6010	257	10	.	.	PUNCT
ajfa-6010	258	1	hogan	hogan	PROPN
ajfa-6010	258	2	,	,	PUNCT
ajfa-6010	258	3	w.	w.	PROPN
ajfa-6010	258	4	,	,	PUNCT
ajfa-6010	258	5	&	&	CCONJ
ajfa-6010	258	6	warren	warren	PROPN
ajfa-6010	258	7	,	,	PUNCT
ajfa-6010	258	8	j.	j.	PROPN
ajfa-6010	258	9	(	(	PUNCT
ajfa-6010	258	10	1974	1974	NUM
ajfa-6010	258	11	)	)	PUNCT
ajfa-6010	258	12	.	.	PUNCT
ajfa-6010	259	1	toward	toward	ADP
ajfa-6010	259	2	the	the	DET
ajfa-6010	259	3	development	development	NOUN
ajfa-6010	259	4	of	of	ADP
ajfa-6010	259	5	equilibrium	equilibrium	NOUN
ajfa-6010	259	6	capital	capital	NOUN
ajfa-6010	259	7	market	market	NOUN
ajfa-6010	259	8	model	model	NOUN
ajfa-6010	259	9	based	base	VERB
ajfa-6010	259	10	on	on	ADP
ajfa-6010	259	11	semi	semi	ADJ
ajfa-6010	259	12	variance	variance	NOUN
ajfa-6010	259	13	.	.	PUNCT
ajfa-6010	260	1	journal	journal	PROPN
ajfa-6010	260	2	of	of	ADP
ajfa-6010	260	3	financial	financial	ADJ
ajfa-6010	260	4	and	and	CCONJ
ajfa-6010	260	5	quantitative	quantitative	ADJ
ajfa-6010	260	6	analysis	analysis	NOUN
ajfa-6010	260	7	,	,	PUNCT
ajfa-6010	260	8	9	9	NUM
ajfa-6010	260	9	,	,	PUNCT
ajfa-6010	260	10	1	1	NUM
ajfa-6010	260	11	-	-	SYM
ajfa-6010	260	12	11	11	NUM
ajfa-6010	260	13	.	.	PUNCT
ajfa-6010	261	1	http://dx.doi.org/10.2307/2329964	http://dx.doi.org/10.2307/2329964	PROPN
ajfa-6010	261	2	mao	mao	PROPN
ajfa-6010	261	3	,	,	PUNCT
ajfa-6010	261	4	james	james	PROPN
ajfa-6010	261	5	c.t	c.t	PROPN
ajfa-6010	261	6	.	.	PROPN
ajfa-6010	261	7	(	(	PUNCT
ajfa-6010	261	8	1970	1970	NUM
ajfa-6010	261	9	)	)	PUNCT
ajfa-6010	261	10	.	.	PUNCT
ajfa-6010	262	1	models	model	NOUN
ajfa-6010	262	2	of	of	ADP
ajfa-6010	262	3	capital	capital	NOUN
ajfa-6010	262	4	budgeting	budget	VERB
ajfa-6010	262	5	e	e	NOUN
ajfa-6010	262	6	-	-	NOUN
ajfa-6010	262	7	v	v	NOUN
ajfa-6010	262	8	vs.	vs.	ADP
ajfa-6010	262	9	e	e	PROPN
ajfa-6010	262	10	-	-	PROPN
ajfa-6010	262	11	s.	s.	PROPN
ajfa-6010	262	12	journal	journal	PROPN
ajfa-6010	262	13	of	of	ADP
ajfa-6010	262	14	financial	financial	ADJ
ajfa-6010	262	15	and	and	CCONJ
ajfa-6010	262	16	quantitative	quantitative	ADJ
ajfa-6010	262	17	analysis	analysis	NOUN
ajfa-6010	262	18	,	,	PUNCT
ajfa-6010	262	19	5(5	5(5	NUM
ajfa-6010	262	20	)	)	PUNCT
ajfa-6010	262	21	,	,	PUNCT
ajfa-6010	262	22	657	657	NUM
ajfa-6010	262	23	-	-	SYM
ajfa-6010	262	24	676	676	NUM
ajfa-6010	262	25	.	.	PUNCT
ajfa-6010	263	1	markowitz	markowitz	PROPN
ajfa-6010	263	2	,	,	PUNCT
ajfa-6010	263	3	h.	h.	PROPN
ajfa-6010	263	4	(	(	PUNCT
ajfa-6010	263	5	1952	1952	NUM
ajfa-6010	263	6	)	)	PUNCT
ajfa-6010	263	7	.	.	PUNCT
ajfa-6010	264	1	portfolio	portfolio	NOUN
ajfa-6010	264	2	selection	selection	NOUN
ajfa-6010	264	3	.	.	PUNCT
ajfa-6010	265	1	journal	journal	PROPN
ajfa-6010	265	2	of	of	ADP
ajfa-6010	265	3	finance	finance	NOUN
ajfa-6010	265	4	,	,	PUNCT
ajfa-6010	265	5	46	46	NUM
ajfa-6010	265	6	,	,	PUNCT
ajfa-6010	265	7	469	469	NUM
ajfa-6010	265	8	-	-	NOUN
ajfa-6010	265	9	477	477	NUM
ajfa-6010	265	10	.	.	PUNCT
ajfa-6010	266	1	qaiser	qaiser	PROPN
ajfa-6010	266	2	,	,	PUNCT
ajfa-6010	266	3	a.	a.	NOUN
ajfa-6010	266	4	a	a	NOUN
ajfa-6010	266	5	,	,	PUNCT
ajfa-6010	266	6	usman	usman	PROPN
ajfa-6010	266	7	.	.	PROPN
ajfa-6010	266	8	m.	m.	PROPN
ajfa-6010	266	9	,	,	PUNCT
ajfa-6010	266	10	shahid	shahid	PROPN
ajfa-6010	266	11	.	.	PUNCT
ajfa-6010	267	1	s	s	X
ajfa-6010	267	2	,	,	PUNCT
ajfa-6010	267	3	k.	k.	PROPN
ajfa-6010	267	4	,	,	PUNCT
ajfa-6010	267	5	&	&	CCONJ
ajfa-6010	267	6	saeed	saeed	PROPN
ajfa-6010	267	7	.	.	PUNCT
ajfa-6010	268	1	(	(	PUNCT
ajfa-6010	268	2	2011	2011	NUM
ajfa-6010	268	3	)	)	PUNCT
ajfa-6010	268	4	from	from	ADP
ajfa-6010	268	5	regularbeta	regularbeta	ADJ
ajfa-6010	268	6	capm	capm	PROPN
ajfa-6010	268	7	to	to	ADP
ajfa-6010	268	8	downside	downside	ADJ
ajfa-6010	268	9	-	-	PUNCT
ajfa-6010	268	10	beta	beta	NOUN
ajfa-6010	268	11	capm	capm	NOUN
ajfa-6010	268	12	.	.	PUNCT
ajfa-6010	269	1	european	european	PROPN
ajfa-6010	269	2	journal	journal	PROPN
ajfa-6010	269	3	of	of	ADP
ajfa-6010	269	4	social	social	ADJ
ajfa-6010	269	5	sciences	science	NOUN
ajfa-6010	269	6	,	,	PUNCT
ajfa-6010	269	7	21(2	21(2	NUM
ajfa-6010	269	8	)	)	PUNCT
ajfa-6010	269	9	,	,	PUNCT
ajfa-6010	269	10	189	189	NUM
ajfa-6010	269	11	-	-	SYM
ajfa-6010	269	12	203	203	NUM
ajfa-6010	269	13	.	.	PUNCT
ajfa-6010	270	1	qurik	qurik	PROPN
ajfa-6010	270	2	,	,	PUNCT
ajfa-6010	270	3	j.	j.	PROPN
ajfa-6010	270	4	p.	p.	PROPN
ajfa-6010	270	5	,	,	PUNCT
ajfa-6010	270	6	&	&	CCONJ
ajfa-6010	270	7	r.	r.	PROPN
ajfa-6010	270	8	saposnik	saposnik	PROPN
ajfa-6010	270	9	.	.	PUNCT
ajfa-6010	271	1	(	(	PUNCT
ajfa-6010	271	2	1962	1962	NUM
ajfa-6010	271	3	)	)	PUNCT
ajfa-6010	271	4	.	.	PUNCT
ajfa-6010	272	1	admissibility	admissibility	NOUN
ajfa-6010	272	2	and	and	CCONJ
ajfa-6010	272	3	measurable	measurable	ADJ
ajfa-6010	272	4	utility	utility	NOUN
ajfa-6010	272	5	functions	function	NOUN
ajfa-6010	272	6	.	.	PUNCT
ajfa-6010	273	1	review	review	NOUN
ajfa-6010	273	2	of	of	ADP
ajfa-6010	273	3	economics	economic	NOUN
ajfa-6010	273	4	studies	study	NOUN
ajfa-6010	273	5	.	.	PUNCT
ajfa-6010	274	1	http://dx.doi.org/10.2307/2295819	http://dx.doi.org/10.2307/2295819	PROPN
ajfa-6010	274	2	raí	raí	PROPN
ajfa-6010	274	3	r.	r.	PROPN
ajfa-6010	274	4	,	,	PUNCT
ajfa-6010	274	5	&	&	CCONJ
ajfa-6010	274	6	khosravi	khosravi	NOUN
ajfa-6010	274	7	,	,	PUNCT
ajfa-6010	274	8	a.	a.	NOUN
ajfa-6010	274	9	(	(	PUNCT
ajfa-6010	274	10	2007	2007	NUM
ajfa-6010	274	11	)	)	PUNCT
ajfa-6010	274	12	.	.	PUNCT
ajfa-6010	275	1	explaining	explain	VERB
ajfa-6010	275	2	capm	capm	PROPN
ajfa-6010	275	3	with	with	ADP
ajfa-6010	275	4	downsize	downsize	NOUN
ajfa-6010	275	5	risk	risk	NOUN
ajfa-6010	275	6	approach	approach	NOUN
ajfa-6010	275	7	in	in	ADP
ajfa-6010	275	8	tehran	tehran	PROPN
ajfa-6010	275	9	stock	stock	PROPN
ajfa-6010	275	10	exchange	exchange	PROPN
ajfa-6010	275	11	.	.	PUNCT
ajfa-6010	276	1	journal	journal	PROPN
ajfa-6010	276	2	human	human	ADJ
ajfa-6010	276	3	and	and	CCONJ
ajfa-6010	276	4	social	social	ADJ
ajfa-6010	276	5	sciences	science	NOUN
ajfa-6010	276	6	,	,	PUNCT
ajfa-6010	276	7	26	26	NUM
ajfa-6010	276	8	.	.	PUNCT
ajfa-6010	277	1	raí	raí	PROPN
ajfa-6010	277	2	,	,	PUNCT
ajfa-6010	277	3	r.	r.	PROPN
ajfa-6010	277	4	,	,	PUNCT
ajfa-6010	277	5	&	&	CCONJ
ajfa-6010	277	6	saídi	saídi	VERB
ajfa-6010	277	7	,	,	PUNCT
ajfa-6010	277	8	a.	a.	NOUN
ajfa-6010	277	9	(	(	PUNCT
ajfa-6010	277	10	2004	2004	NUM
ajfa-6010	277	11	)	)	PUNCT
ajfa-6010	277	12	.	.	PUNCT
ajfa-6010	278	1	the	the	DET
ajfa-6010	278	2	basics	basic	NOUN
ajfa-6010	278	3	of	of	ADP
ajfa-6010	278	4	financial	financial	ADJ
ajfa-6010	278	5	engineering	engineering	NOUN
ajfa-6010	278	6	and	and	CCONJ
ajfa-6010	278	7	risk	risk	NOUN
ajfa-6010	278	8	management	management	NOUN
ajfa-6010	278	9	,	,	PUNCT
ajfa-6010	278	10	samt	samt	PROPN
ajfa-6010	278	11	publication	publication	NOUN
ajfa-6010	278	12	,	,	PUNCT
ajfa-6010	278	13	management	management	NOUN
ajfa-6010	278	14	faculty	faculty	NOUN
ajfa-6010	278	15	of	of	ADP
ajfa-6010	278	16	university	university	PROPN
ajfa-6010	278	17	of	of	ADP
ajfa-6010	278	18	tehran	tehran	PROPN
ajfa-6010	278	19	.	.	PUNCT
ajfa-6010	279	1	roy	roy	PROPN
ajfa-6010	279	2	,	,	PUNCT
ajfa-6010	279	3	a.d.(1952	a.d.(1952	PROPN
ajfa-6010	279	4	)	)	PUNCT
ajfa-6010	279	5	.	.	PUNCT
ajfa-6010	280	1	safety	safety	NOUN
ajfa-6010	280	2	first	first	ADV
ajfa-6010	280	3	and	and	CCONJ
ajfa-6010	280	4	the	the	DET
ajfa-6010	280	5	holding	holding	NOUN
ajfa-6010	280	6	of	of	ADP
ajfa-6010	280	7	assets	asset	NOUN
ajfa-6010	280	8	.	.	PUNCT
ajfa-6010	281	1	econometrics	econometric	NOUN
ajfa-6010	281	2	,	,	PUNCT
ajfa-6010	281	3	20(3	20(3	NOUN
ajfa-6010	281	4	)	)	PUNCT
ajfa-6010	281	5	,	,	PUNCT
ajfa-6010	281	6	431	431	NUM
ajfa-6010	281	7	-	-	SYM
ajfa-6010	281	8	449	449	NUM
ajfa-6010	281	9	.	.	PUNCT
ajfa-6010	281	10	saídi	saídi	NOUN
ajfa-6010	281	11	,	,	PUNCT
ajfa-6010	281	12	a.	a.	NOUN
ajfa-6010	281	13	,	,	PUNCT
ajfa-6010	281	14	&	&	CCONJ
ajfa-6010	281	15	safdaripour	safdaripour	PROPN
ajfa-6010	281	16	,	,	PUNCT
ajfa-6010	281	17	a.	a.	NOUN
ajfa-6010	281	18	(	(	PUNCT
ajfa-6010	281	19	2008	2008	NUM
ajfa-6010	281	20	)	)	PUNCT
ajfa-6010	281	21	.	.	PUNCT
ajfa-6010	282	1	comparative	comparative	ADJ
ajfa-6010	282	2	evaluation	evaluation	NOUN
ajfa-6010	282	3	of	of	ADP
ajfa-6010	282	4	downsize	downsize	NOUN
ajfa-6010	282	5	risk	risk	NOUN
ajfa-6010	282	6	indexes	index	NOUN
ajfa-6010	282	7	performance	performance	NOUN
ajfa-6010	282	8	,	,	PUNCT
ajfa-6010	282	9	and	and	CCONJ
ajfa-6010	282	10	normal	normal	ADJ
ajfa-6010	282	11	risk	risk	NOUN
ajfa-6010	282	12	criteria	criterion	NOUN
ajfa-6010	282	13	performance	performance	NOUN
ajfa-6010	282	14	in	in	ADP
ajfa-6010	282	15	predicting	predict	VERB
ajfa-6010	282	16	stock	stock	NOUN
ajfa-6010	282	17	surplus	surplus	NOUN
ajfa-6010	282	18	return	return	NOUN
ajfa-6010	282	19	mean	mean	NOUN
ajfa-6010	282	20	in	in	ADP
ajfa-6010	282	21	tehran	tehran	PROPN
ajfa-6010	282	22	stock	stock	PROPN
ajfa-6010	282	23	exchange	exchange	PROPN
ajfa-6010	282	24	.	.	PUNCT
ajfa-6010	283	1	quarterly	quarterly	ADV
ajfa-6010	283	2	of	of	ADP
ajfa-6010	283	3	stock	stock	NOUN
ajfa-6010	283	4	exchange	exchange	NOUN
ajfa-6010	283	5	,	,	PUNCT
ajfa-6010	283	6	4	4	NUM
ajfa-6010	283	7	,	,	PUNCT
ajfa-6010	283	8	7	7	NUM
ajfa-6010	283	9	-	-	SYM
ajfa-6010	283	10	33	33	NUM
ajfa-6010	283	11	.	.	PUNCT
ajfa-6010	284	1	steven	steven	PROPN
ajfa-6010	284	2	l.	l.	PROPN
ajfa-6010	284	3	beach	beach	PROPN
ajfa-6010	284	4	.	.	PUNCT
ajfa-6010	285	1	(	(	PUNCT
ajfa-6010	285	2	2011	2011	NUM
ajfa-6010	285	3	)	)	PUNCT
ajfa-6010	285	4	.	.	PUNCT
ajfa-6010	286	1	semi	semi	ADJ
ajfa-6010	286	2	variance	variance	NOUN
ajfa-6010	286	3	decomposition	decomposition	NOUN
ajfa-6010	286	4	of	of	ADP
ajfa-6010	286	5	countrylevel	countrylevel	ADJ
ajfa-6010	286	6	returns	return	NOUN
ajfa-6010	286	7	.	.	PUNCT
ajfa-6010	287	1	international	international	ADJ
ajfa-6010	287	2	review	review	NOUN
ajfa-6010	287	3	of	of	ADP
ajfa-6010	287	4	economics	economic	NOUN
ajfa-6010	287	5	and	and	CCONJ
ajfa-6010	287	6	finance	finance	NOUN
ajfa-6010	287	7	,	,	PUNCT
ajfa-6010	287	8	17	17	NUM
ajfa-6010	287	9	34	34	NUM
ajfa-6010	287	10	-	-	SYM
ajfa-6010	287	11	20	20	NUM
ajfa-6010	287	12	.	.	PUNCT
ajfa-6010	288	1	weston	weston	PROPN
ajfa-6010	288	2	,	,	PUNCT
ajfa-6010	288	3	j.	j.	PROPN
ajfa-6010	288	4	f.	f.	PROPN
ajfa-6010	288	5	,	,	PUNCT
ajfa-6010	288	6	&	&	CCONJ
ajfa-6010	288	7	brigham	brigham	PROPN
ajfa-6010	288	8	e.f	e.f	PROPN
ajfa-6010	288	9	.	.	PROPN
ajfa-6010	288	10	(	(	PUNCT
ajfa-6010	288	11	1970	1970	NUM
ajfa-6010	288	12	)	)	PUNCT
ajfa-6010	288	13	.	.	PUNCT
ajfa-6010	289	1	essentials	essential	NOUN
ajfa-6010	289	2	of	of	ADP
ajfa-6010	289	3	managerial	managerial	ADJ
ajfa-6010	289	4	finance	finance	NOUN
ajfa-6010	289	5	,	,	PUNCT
ajfa-6010	289	6	3	3	X
ajfa-6010	289	7	.	.	PUNCT