id	sid	tid	token	lemma	pos
ajfa-6694	1	1	microsoft	microsoft	PROPN
ajfa-6694	1	2	word	word	NOUN
ajfa-6694	1	3	6694	6694	NUM
ajfa-6694	1	4	-	-	SYM
ajfa-6694	1	5	23784	23784	NUM
ajfa-6694	1	6	-	-	PUNCT
ajfa-6694	1	7	1	1	NUM
ajfa-6694	1	8	-	-	PUNCT
ajfa-6694	1	9	sm	sm	NOUN
ajfa-6694	1	10	-	-	PUNCT
ajfa-6694	1	11	writer2	writer2	VERB
ajfa-6694	1	12	-	-	ADJ
ajfa-6694	1	13	new	new	ADJ
ajfa-6694	1	14	asian	asian	ADJ
ajfa-6694	1	15	journal	journal	NOUN
ajfa-6694	1	16	of	of	ADP
ajfa-6694	1	17	finance	finance	PROPN
ajfa-6694	1	18	&	&	CCONJ
ajfa-6694	1	19	accounting	accounting	PROPN
ajfa-6694	1	20	issn	issn	PROPN
ajfa-6694	1	21	1946	1946	NUM
ajfa-6694	1	22	-	-	PUNCT
ajfa-6694	1	23	052x	052x	NOUN
ajfa-6694	1	24	2015	2015	NUM
ajfa-6694	1	25	,	,	PUNCT
ajfa-6694	1	26	vol	vol	NOUN
ajfa-6694	1	27	.	.	PROPN
ajfa-6694	1	28	7	7	NUM
ajfa-6694	1	29	,	,	PUNCT
ajfa-6694	1	30	no	no	INTJ
ajfa-6694	1	31	.	.	NOUN
ajfa-6694	1	32	1	1	NUM
ajfa-6694	1	33	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6694	1	34	155	155	NUM
ajfa-6694	1	35	country	country	NOUN
ajfa-6694	1	36	risk	risk	NOUN
ajfa-6694	1	37	modeling	modeling	NOUN
ajfa-6694	1	38	in	in	ADP
ajfa-6694	1	39	indonesia	indonesia	PROPN
ajfa-6694	1	40	:	:	PUNCT
ajfa-6694	1	41	an	an	DET
ajfa-6694	1	42	empirical	empirical	ADJ
ajfa-6694	1	43	approach	approach	NOUN
ajfa-6694	1	44	muhammad	muhammad	PROPN
ajfa-6694	1	45	adnan1	adnan1	PROPN
ajfa-6694	1	46	*	*	PROPN
ajfa-6694	1	47	,	,	PUNCT
ajfa-6694	1	48	sri	sri	PROPN
ajfa-6694	1	49	maemunah2	maemunah2	PROPN
ajfa-6694	1	50	,	,	PUNCT
ajfa-6694	1	51	fitri	fitri	PROPN
ajfa-6694	1	52	ismiyanti2	ismiyanti2	PROPN
ajfa-6694	1	53	&	&	CCONJ
ajfa-6694	1	54	rudi	rudi	PROPN
ajfa-6694	1	55	purwono2	purwono2	PROPN
ajfa-6694	1	56	1faculty	1faculty	NUM
ajfa-6694	1	57	of	of	ADP
ajfa-6694	1	58	islamic	islamic	ADJ
ajfa-6694	1	59	economic	economic	PROPN
ajfa-6694	1	60	and	and	CCONJ
ajfa-6694	1	61	business	business	NOUN
ajfa-6694	1	62	the	the	DET
ajfa-6694	1	63	state	state	PROPN
ajfa-6694	1	64	islamic	islamic	PROPN
ajfa-6694	1	65	university	university	PROPN
ajfa-6694	1	66	of	of	ADP
ajfa-6694	1	67	ar	ar	PROPN
ajfa-6694	1	68	-	-	ADJ
ajfa-6694	1	69	raniry	raniry	ADJ
ajfa-6694	1	70	banda	banda	PROPN
ajfa-6694	1	71	aceh	aceh	PROPN
ajfa-6694	1	72	,	,	PUNCT
ajfa-6694	1	73	indonesia	indonesia	PROPN
ajfa-6694	1	74	2faculty	2faculty	NUM
ajfa-6694	1	75	of	of	ADP
ajfa-6694	1	76	economic	economic	ADJ
ajfa-6694	1	77	and	and	CCONJ
ajfa-6694	1	78	business	business	NOUN
ajfa-6694	1	79	,	,	PUNCT
ajfa-6694	1	80	airlangga	airlangga	PROPN
ajfa-6694	1	81	university	university	PROPN
ajfa-6694	1	82	,	,	PUNCT
ajfa-6694	1	83	surabaya	surabaya	PROPN
ajfa-6694	1	84	,	,	PUNCT
ajfa-6694	1	85	indonesia	indonesia	PROPN
ajfa-6694	1	86	*	*	PUNCT
ajfa-6694	1	87	corresponding	correspond	VERB
ajfa-6694	1	88	author	author	NOUN
ajfa-6694	1	89	:	:	PUNCT
ajfa-6694	1	90	faculty	faculty	NOUN
ajfa-6694	1	91	of	of	ADP
ajfa-6694	1	92	islamic	islamic	ADJ
ajfa-6694	1	93	economic	economic	ADJ
ajfa-6694	1	94	and	and	CCONJ
ajfa-6694	1	95	business	business	NOUN
ajfa-6694	1	96	,	,	PUNCT
ajfa-6694	1	97	the	the	DET
ajfa-6694	1	98	state	state	PROPN
ajfa-6694	1	99	islamic	islamic	PROPN
ajfa-6694	1	100	university	university	PROPN
ajfa-6694	1	101	of	of	ADP
ajfa-6694	1	102	ar	ar	PROPN
ajfa-6694	1	103	-	-	PROPN
ajfa-6694	1	104	raniry	raniry	ADJ
ajfa-6694	1	105	,	,	PUNCT
ajfa-6694	1	106	banda	banda	PROPN
ajfa-6694	1	107	aceh	aceh	PROPN
ajfa-6694	1	108	indonesia	indonesia	PROPN
ajfa-6694	1	109	.	.	PUNCT
ajfa-6694	2	1	e	e	X
ajfa-6694	2	2	-	-	NOUN
ajfa-6694	2	3	mail	mail	NOUN
ajfa-6694	2	4	:	:	PUNCT
ajfa-6694	3	1	mhd_adnan@ymail.com	mhd_adnan@ymail.com	X
ajfa-6694	3	2	received	receive	VERB
ajfa-6694	3	3	:	:	PUNCT
ajfa-6694	3	4	july	july	PROPN
ajfa-6694	3	5	23	23	NUM
ajfa-6694	3	6	,	,	PUNCT
ajfa-6694	3	7	2014	2014	NUM
ajfa-6694	3	8	accepted	accept	VERB
ajfa-6694	3	9	:	:	PUNCT
ajfa-6694	3	10	nov	nov	PROPN
ajfa-6694	3	11	.	.	PROPN
ajfa-6694	3	12	11	11	NUM
ajfa-6694	3	13	,	,	PUNCT
ajfa-6694	3	14	2014	2014	NUM
ajfa-6694	3	15	published	publish	VERB
ajfa-6694	3	16	:	:	PUNCT
ajfa-6694	3	17	june	june	PROPN
ajfa-6694	3	18	1	1	NUM
ajfa-6694	3	19	,	,	PUNCT
ajfa-6694	3	20	2015	2015	NUM
ajfa-6694	3	21	doi:10.5296	doi:10.5296	NOUN
ajfa-6694	3	22	/	/	SYM
ajfa-6694	3	23	ajfa.v7i1.6694	ajfa.v7i1.6694	NUM
ajfa-6694	3	24	url	url	PROPN
ajfa-6694	3	25	:	:	PUNCT
ajfa-6694	3	26	http://dx.doi.org/10.5296/ajfa.v7i1.6694	http://dx.doi.org/10.5296/ajfa.v7i1.6694	PROPN
ajfa-6694	3	27	abstract	abstract	NOUN
ajfa-6694	3	28	this	this	DET
ajfa-6694	3	29	study	study	NOUN
ajfa-6694	3	30	is	be	AUX
ajfa-6694	3	31	intended	intend	VERB
ajfa-6694	3	32	to	to	PART
ajfa-6694	3	33	analyze	analyze	VERB
ajfa-6694	3	34	the	the	DET
ajfa-6694	3	35	influence	influence	NOUN
ajfa-6694	3	36	of	of	ADP
ajfa-6694	3	37	internal	internal	ADJ
ajfa-6694	3	38	and	and	CCONJ
ajfa-6694	3	39	external	external	ADJ
ajfa-6694	3	40	risk	risk	NOUN
ajfa-6694	3	41	factors	factor	NOUN
ajfa-6694	3	42	considered	consider	VERB
ajfa-6694	3	43	relevant	relevant	ADJ
ajfa-6694	3	44	influencing	influence	VERB
ajfa-6694	3	45	the	the	DET
ajfa-6694	3	46	country	country	NOUN
ajfa-6694	3	47	risk	risk	NOUN
ajfa-6694	3	48	.	.	PUNCT
ajfa-6694	4	1	we	we	PRON
ajfa-6694	4	2	find	find	VERB
ajfa-6694	4	3	result	result	NOUN
ajfa-6694	4	4	of	of	ADP
ajfa-6694	4	5	long	long	ADJ
ajfa-6694	4	6	term	term	NOUN
ajfa-6694	4	7	vecm	vecm	NOUN
ajfa-6694	4	8	estimation	estimation	NOUN
ajfa-6694	4	9	indicating	indicate	VERB
ajfa-6694	4	10	that	that	SCONJ
ajfa-6694	4	11	the	the	DET
ajfa-6694	4	12	exchange	exchange	NOUN
ajfa-6694	4	13	rate	rate	NOUN
ajfa-6694	4	14	,	,	PUNCT
ajfa-6694	4	15	the	the	DET
ajfa-6694	4	16	interest	interest	NOUN
ajfa-6694	4	17	rate	rate	NOUN
ajfa-6694	4	18	of	of	ADP
ajfa-6694	4	19	certificate	certificate	NOUN
ajfa-6694	4	20	of	of	ADP
ajfa-6694	4	21	bank	bank	PROPN
ajfa-6694	4	22	indonesia	indonesia	PROPN
ajfa-6694	4	23	(	(	PUNCT
ajfa-6694	4	24	sbi	sbi	PROPN
ajfa-6694	4	25	)	)	PUNCT
ajfa-6694	4	26	for	for	ADP
ajfa-6694	4	27	6	6	NUM
ajfa-6694	4	28	months	month	NOUN
ajfa-6694	4	29	and	and	CCONJ
ajfa-6694	4	30	the	the	DET
ajfa-6694	4	31	world	world	NOUN
ajfa-6694	4	32	economic	economic	ADJ
ajfa-6694	4	33	growth	growth	NOUN
ajfa-6694	4	34	have	have	VERB
ajfa-6694	4	35	positive	positive	ADJ
ajfa-6694	4	36	and	and	CCONJ
ajfa-6694	4	37	significant	significant	ADJ
ajfa-6694	4	38	influence	influence	NOUN
ajfa-6694	4	39	to	to	ADP
ajfa-6694	4	40	country	country	NOUN
ajfa-6694	4	41	risk	risk	NOUN
ajfa-6694	4	42	.	.	PUNCT
ajfa-6694	5	1	inflation	inflation	NOUN
ajfa-6694	5	2	,	,	PUNCT
ajfa-6694	5	3	indonesia	indonesia	PROPN
ajfa-6694	5	4	economic	economic	ADJ
ajfa-6694	5	5	growth	growth	NOUN
ajfa-6694	5	6	,	,	PUNCT
ajfa-6694	5	7	the	the	DET
ajfa-6694	5	8	fed	fed	PROPN
ajfa-6694	5	9	,	,	PUNCT
ajfa-6694	5	10	and	and	CCONJ
ajfa-6694	5	11	msci	msci	PROPN
ajfa-6694	5	12	acwi	acwi	VERB
ajfa-6694	5	13	imi	imi	PROPN
ajfa-6694	5	14	return	return	PROPN
ajfa-6694	5	15	have	have	VERB
ajfa-6694	5	16	negative	negative	ADJ
ajfa-6694	5	17	and	and	CCONJ
ajfa-6694	5	18	significant	significant	ADJ
ajfa-6694	5	19	influence	influence	NOUN
ajfa-6694	5	20	to	to	ADP
ajfa-6694	5	21	country	country	NOUN
ajfa-6694	5	22	risk	risk	NOUN
ajfa-6694	5	23	.	.	PUNCT
ajfa-6694	6	1	all	all	DET
ajfa-6694	6	2	hypotheses	hypothesis	NOUN
ajfa-6694	6	3	presented	present	VERB
ajfa-6694	6	4	in	in	ADP
ajfa-6694	6	5	this	this	DET
ajfa-6694	6	6	study	study	NOUN
ajfa-6694	6	7	are	be	AUX
ajfa-6694	6	8	theoretically	theoretically	ADV
ajfa-6694	6	9	and	and	CCONJ
ajfa-6694	6	10	statistically	statistically	ADV
ajfa-6694	6	11	accepted	accept	VERB
ajfa-6694	6	12	,	,	PUNCT
ajfa-6694	6	13	except	except	SCONJ
ajfa-6694	6	14	that	that	SCONJ
ajfa-6694	6	15	the	the	DET
ajfa-6694	6	16	hypothesis	hypothesis	NOUN
ajfa-6694	6	17	on	on	ADP
ajfa-6694	6	18	inflation	inflation	NOUN
ajfa-6694	6	19	is	be	AUX
ajfa-6694	6	20	rejected	reject	VERB
ajfa-6694	6	21	because	because	SCONJ
ajfa-6694	6	22	it	it	PRON
ajfa-6694	6	23	is	be	AUX
ajfa-6694	6	24	in	in	ADP
ajfa-6694	6	25	controversy	controversy	NOUN
ajfa-6694	6	26	with	with	ADP
ajfa-6694	6	27	theory	theory	NOUN
ajfa-6694	6	28	,	,	PUNCT
ajfa-6694	6	29	although	although	SCONJ
ajfa-6694	6	30	statistically	statistically	ADV
ajfa-6694	6	31	it	it	PRON
ajfa-6694	6	32	has	have	VERB
ajfa-6694	6	33	significant	significant	ADJ
ajfa-6694	6	34	influence	influence	NOUN
ajfa-6694	6	35	to	to	ADP
ajfa-6694	6	36	the	the	DET
ajfa-6694	6	37	country	country	NOUN
ajfa-6694	6	38	risk	risk	NOUN
ajfa-6694	6	39	in	in	ADP
ajfa-6694	6	40	indonesia	indonesia	PROPN
ajfa-6694	6	41	.	.	PUNCT
ajfa-6694	7	1	meanwhile	meanwhile	ADV
ajfa-6694	7	2	the	the	DET
ajfa-6694	7	3	estimated	estimate	VERB
ajfa-6694	7	4	output	output	NOUN
ajfa-6694	7	5	of	of	ADP
ajfa-6694	7	6	vecm	vecm	NOUN
ajfa-6694	7	7	in	in	ADP
ajfa-6694	7	8	a	a	DET
ajfa-6694	7	9	short	short	ADJ
ajfa-6694	7	10	term	term	NOUN
ajfa-6694	7	11	,	,	PUNCT
ajfa-6694	7	12	the	the	DET
ajfa-6694	7	13	exchange	exchange	NOUN
ajfa-6694	7	14	rate	rate	NOUN
ajfa-6694	7	15	,	,	PUNCT
ajfa-6694	7	16	the	the	DET
ajfa-6694	7	17	interest	interest	NOUN
ajfa-6694	7	18	rate	rate	NOUN
ajfa-6694	7	19	of	of	ADP
ajfa-6694	7	20	sbi	sbi	NOUN
ajfa-6694	7	21	for	for	ADP
ajfa-6694	7	22	6	6	NUM
ajfa-6694	7	23	months	month	NOUN
ajfa-6694	7	24	and	and	CCONJ
ajfa-6694	7	25	the	the	DET
ajfa-6694	7	26	world	world	NOUN
ajfa-6694	7	27	economic	economic	ADJ
ajfa-6694	7	28	growth	growth	NOUN
ajfa-6694	7	29	have	have	VERB
ajfa-6694	7	30	positive	positive	ADJ
ajfa-6694	7	31	and	and	CCONJ
ajfa-6694	7	32	significant	significant	ADJ
ajfa-6694	7	33	influence	influence	NOUN
ajfa-6694	7	34	to	to	ADP
ajfa-6694	7	35	country	country	NOUN
ajfa-6694	7	36	risk	risk	NOUN
ajfa-6694	7	37	.	.	PUNCT
ajfa-6694	8	1	the	the	DET
ajfa-6694	8	2	fed	fed	PROPN
ajfa-6694	8	3	and	and	CCONJ
ajfa-6694	8	4	msci	msci	PROPN
ajfa-6694	8	5	acwi	acwi	VERB
ajfa-6694	8	6	imi	imi	PROPN
ajfa-6694	8	7	return	return	PROPN
ajfa-6694	8	8	have	have	VERB
ajfa-6694	8	9	negative	negative	ADJ
ajfa-6694	8	10	and	and	CCONJ
ajfa-6694	8	11	significant	significant	ADJ
ajfa-6694	8	12	influence	influence	NOUN
ajfa-6694	8	13	to	to	ADP
ajfa-6694	8	14	country	country	NOUN
ajfa-6694	8	15	risk	risk	NOUN
ajfa-6694	8	16	.	.	PUNCT
ajfa-6694	9	1	the	the	DET
ajfa-6694	9	2	hypotheses	hypothesis	NOUN
ajfa-6694	9	3	testing	testing	NOUN
ajfa-6694	9	4	accepted	accept	VERB
ajfa-6694	9	5	from	from	ADP
ajfa-6694	9	6	the	the	DET
ajfa-6694	9	7	estimated	estimate	VERB
ajfa-6694	9	8	vecm	vecm	NOUN
ajfa-6694	9	9	in	in	ADP
ajfa-6694	9	10	short	short	ADJ
ajfa-6694	9	11	term	term	NOUN
ajfa-6694	9	12	are	be	AUX
ajfa-6694	9	13	the	the	DET
ajfa-6694	9	14	exchange	exchange	NOUN
ajfa-6694	9	15	rate	rate	NOUN
ajfa-6694	9	16	,	,	PUNCT
ajfa-6694	9	17	the	the	DET
ajfa-6694	9	18	sbi	sbi	PROPN
ajfa-6694	9	19	interest	interest	NOUN
ajfa-6694	9	20	rate	rate	NOUN
ajfa-6694	9	21	in	in	ADP
ajfa-6694	9	22	6	6	NUM
ajfa-6694	9	23	months	month	NOUN
ajfa-6694	9	24	,	,	PUNCT
ajfa-6694	9	25	the	the	DET
ajfa-6694	9	26	fed	fed	PROPN
ajfa-6694	9	27	,	,	PUNCT
ajfa-6694	9	28	the	the	DET
ajfa-6694	9	29	world	world	NOUN
ajfa-6694	9	30	economic	economic	ADJ
ajfa-6694	9	31	growth	growth	NOUN
ajfa-6694	9	32	and	and	CCONJ
ajfa-6694	9	33	the	the	DET
ajfa-6694	9	34	return	return	NOUN
ajfa-6694	9	35	of	of	ADP
ajfa-6694	9	36	msci	msci	PROPN
ajfa-6694	9	37	acwi	acwi	VERB
ajfa-6694	9	38	imi	imi	PROPN
ajfa-6694	9	39	.	.	PUNCT
ajfa-6694	10	1	keywords	keyword	NOUN
ajfa-6694	10	2	:	:	PUNCT
ajfa-6694	10	3	country	country	NOUN
ajfa-6694	10	4	risk	risk	NOUN
ajfa-6694	10	5	,	,	PUNCT
ajfa-6694	10	6	country	country	NOUN
ajfa-6694	10	7	beta	beta	NOUN
ajfa-6694	10	8	approach	approach	NOUN
ajfa-6694	10	9	,	,	PUNCT
ajfa-6694	10	10	risk	risk	NOUN
ajfa-6694	10	11	factors	factor	NOUN
ajfa-6694	10	12	,	,	PUNCT
ajfa-6694	10	13	indonesia	indonesia	PROPN
ajfa-6694	10	14	,	,	PUNCT
ajfa-6694	10	15	vecm	vecm	VERB
ajfa-6694	10	16	asian	asian	ADJ
ajfa-6694	10	17	journal	journal	PROPN
ajfa-6694	10	18	of	of	ADP
ajfa-6694	10	19	finance	finance	PROPN
ajfa-6694	10	20	&	&	CCONJ
ajfa-6694	10	21	accounting	accounting	PROPN
ajfa-6694	10	22	issn	issn	PROPN
ajfa-6694	10	23	1946	1946	NUM
ajfa-6694	10	24	-	-	PUNCT
ajfa-6694	10	25	052x	052x	NOUN
ajfa-6694	10	26	2015	2015	NUM
ajfa-6694	10	27	,	,	PUNCT
ajfa-6694	10	28	vol	vol	NOUN
ajfa-6694	10	29	.	.	PROPN
ajfa-6694	10	30	7	7	NUM
ajfa-6694	10	31	,	,	PUNCT
ajfa-6694	10	32	no	no	INTJ
ajfa-6694	10	33	.	.	NOUN
ajfa-6694	10	34	1	1	NUM
ajfa-6694	10	35	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6694	10	36	156	156	NUM
ajfa-6694	10	37	1	1	NUM
ajfa-6694	10	38	.	.	PUNCT
ajfa-6694	11	1	introduction	introduction	NOUN
ajfa-6694	11	2	the	the	DET
ajfa-6694	11	3	aim	aim	NOUN
ajfa-6694	11	4	of	of	ADP
ajfa-6694	11	5	investors	investor	NOUN
ajfa-6694	11	6	to	to	PART
ajfa-6694	11	7	make	make	VERB
ajfa-6694	11	8	investment	investment	NOUN
ajfa-6694	11	9	is	be	AUX
ajfa-6694	11	10	to	to	PART
ajfa-6694	11	11	maximize	maximize	VERB
ajfa-6694	11	12	the	the	DET
ajfa-6694	11	13	level	level	NOUN
ajfa-6694	11	14	of	of	ADP
ajfa-6694	11	15	profits	profit	NOUN
ajfa-6694	11	16	(	(	PUNCT
ajfa-6694	11	17	return	return	NOUN
ajfa-6694	11	18	)	)	PUNCT
ajfa-6694	11	19	without	without	ADP
ajfa-6694	11	20	neglecting	neglect	VERB
ajfa-6694	11	21	the	the	DET
ajfa-6694	11	22	risk	risk	NOUN
ajfa-6694	11	23	factors	factor	NOUN
ajfa-6694	11	24	they	they	PRON
ajfa-6694	11	25	have	have	VERB
ajfa-6694	11	26	to	to	PART
ajfa-6694	11	27	bear	bear	VERB
ajfa-6694	11	28	.	.	PUNCT
ajfa-6694	12	1	return	return	NOUN
ajfa-6694	12	2	is	be	AUX
ajfa-6694	12	3	the	the	DET
ajfa-6694	12	4	output	output	NOUN
ajfa-6694	12	5	obtained	obtain	VERB
ajfa-6694	12	6	from	from	ADP
ajfa-6694	12	7	investment	investment	NOUN
ajfa-6694	12	8	,	,	PUNCT
ajfa-6694	12	9	so	so	SCONJ
ajfa-6694	12	10	that	that	SCONJ
ajfa-6694	12	11	the	the	DET
ajfa-6694	12	12	presence	presence	NOUN
ajfa-6694	12	13	of	of	ADP
ajfa-6694	12	14	return	return	NOUN
ajfa-6694	12	15	will	will	AUX
ajfa-6694	12	16	motivate	motivate	VERB
ajfa-6694	12	17	investors	investor	NOUN
ajfa-6694	12	18	to	to	PART
ajfa-6694	12	19	invest	invest	VERB
ajfa-6694	12	20	.	.	PUNCT
ajfa-6694	13	1	in	in	ADP
ajfa-6694	13	2	addition	addition	NOUN
ajfa-6694	13	3	,	,	PUNCT
ajfa-6694	13	4	investors	investor	NOUN
ajfa-6694	13	5	have	have	VERB
ajfa-6694	13	6	to	to	PART
ajfa-6694	13	7	be	be	AUX
ajfa-6694	13	8	able	able	ADJ
ajfa-6694	13	9	to	to	PART
ajfa-6694	13	10	calculate	calculate	VERB
ajfa-6694	13	11	the	the	DET
ajfa-6694	13	12	risk	risk	NOUN
ajfa-6694	13	13	of	of	ADP
ajfa-6694	13	14	an	an	DET
ajfa-6694	13	15	investment	investment	NOUN
ajfa-6694	13	16	,	,	PUNCT
ajfa-6694	13	17	because	because	SCONJ
ajfa-6694	13	18	the	the	DET
ajfa-6694	13	19	risk	risk	NOUN
ajfa-6694	13	20	level	level	NOUN
ajfa-6694	13	21	contains	contain	VERB
ajfa-6694	13	22	possibility	possibility	NOUN
ajfa-6694	13	23	of	of	ADP
ajfa-6694	13	24	the	the	DET
ajfa-6694	13	25	deviation	deviation	NOUN
ajfa-6694	13	26	of	of	ADP
ajfa-6694	13	27	the	the	DET
ajfa-6694	13	28	realization	realization	NOUN
ajfa-6694	13	29	return	return	NOUN
ajfa-6694	13	30	from	from	ADP
ajfa-6694	13	31	the	the	DET
ajfa-6694	13	32	expected	expect	VERB
ajfa-6694	13	33	return	return	NOUN
ajfa-6694	13	34	.	.	PUNCT
ajfa-6694	14	1	preferences	preference	NOUN
ajfa-6694	14	2	of	of	ADP
ajfa-6694	14	3	investors	investor	NOUN
ajfa-6694	14	4	to	to	ADP
ajfa-6694	14	5	the	the	DET
ajfa-6694	14	6	risk	risk	NOUN
ajfa-6694	14	7	vary	vary	VERB
ajfa-6694	14	8	,	,	PUNCT
ajfa-6694	14	9	because	because	SCONJ
ajfa-6694	14	10	not	not	PART
ajfa-6694	14	11	all	all	DET
ajfa-6694	14	12	investors	investor	NOUN
ajfa-6694	14	13	like	like	ADP
ajfa-6694	14	14	the	the	DET
ajfa-6694	14	15	risk	risk	NOUN
ajfa-6694	14	16	.	.	PUNCT
ajfa-6694	15	1	the	the	DET
ajfa-6694	15	2	traditional	traditional	ADJ
ajfa-6694	15	3	portfolio	portfolio	NOUN
ajfa-6694	15	4	theory	theory	NOUN
ajfa-6694	15	5	states	state	VERB
ajfa-6694	15	6	that	that	SCONJ
ajfa-6694	15	7	the	the	DET
ajfa-6694	15	8	risk	risk	NOUN
ajfa-6694	15	9	in	in	ADP
ajfa-6694	15	10	security	security	NOUN
ajfa-6694	15	11	is	be	AUX
ajfa-6694	15	12	classified	classify	VERB
ajfa-6694	15	13	into	into	ADP
ajfa-6694	15	14	two	two	NUM
ajfa-6694	15	15	categories	category	NOUN
ajfa-6694	15	16	,	,	PUNCT
ajfa-6694	15	17	namely	namely	ADV
ajfa-6694	15	18	market	market	NOUN
ajfa-6694	15	19	risk	risk	NOUN
ajfa-6694	15	20	and	and	CCONJ
ajfa-6694	15	21	company	company	NOUN
ajfa-6694	15	22	risk	risk	NOUN
ajfa-6694	15	23	(	(	PUNCT
ajfa-6694	15	24	schill	schill	NOUN
ajfa-6694	15	25	,	,	PUNCT
ajfa-6694	15	26	2008	2008	NUM
ajfa-6694	15	27	)	)	PUNCT
ajfa-6694	15	28	.	.	PUNCT
ajfa-6694	16	1	the	the	DET
ajfa-6694	16	2	market	market	NOUN
ajfa-6694	16	3	risk	risk	NOUN
ajfa-6694	16	4	is	be	AUX
ajfa-6694	16	5	measured	measure	VERB
ajfa-6694	16	6	by	by	ADP
ajfa-6694	16	7	the	the	DET
ajfa-6694	16	8	trend	trend	NOUN
ajfa-6694	16	9	of	of	ADP
ajfa-6694	16	10	the	the	DET
ajfa-6694	16	11	stocks	stock	NOUN
ajfa-6694	16	12	moving	move	VERB
ajfa-6694	16	13	together	together	ADV
ajfa-6694	16	14	,	,	PUNCT
ajfa-6694	16	15	whereas	whereas	SCONJ
ajfa-6694	16	16	the	the	DET
ajfa-6694	16	17	company	company	NOUN
ajfa-6694	16	18	risk	risk	NOUN
ajfa-6694	16	19	is	be	AUX
ajfa-6694	16	20	more	more	ADV
ajfa-6694	16	21	related	related	ADJ
ajfa-6694	16	22	to	to	ADP
ajfa-6694	16	23	certain	certain	ADJ
ajfa-6694	16	24	company	company	NOUN
ajfa-6694	16	25	.	.	PUNCT
ajfa-6694	17	1	the	the	DET
ajfa-6694	17	2	total	total	ADJ
ajfa-6694	17	3	portfolio	portfolio	NOUN
ajfa-6694	17	4	risks	risk	NOUN
ajfa-6694	17	5	borne	bear	VERB
ajfa-6694	17	6	by	by	ADP
ajfa-6694	17	7	the	the	DET
ajfa-6694	17	8	investors	investor	NOUN
ajfa-6694	17	9	consist	consist	VERB
ajfa-6694	17	10	of	of	ADP
ajfa-6694	17	11	the	the	DET
ajfa-6694	17	12	systematic	systematic	ADJ
ajfa-6694	17	13	risk	risk	NOUN
ajfa-6694	17	14	and	and	CCONJ
ajfa-6694	17	15	non	non	ADJ
ajfa-6694	17	16	-	-	ADJ
ajfa-6694	17	17	systematic	systematic	ADJ
ajfa-6694	17	18	risk	risk	NOUN
ajfa-6694	17	19	(	(	PUNCT
ajfa-6694	17	20	ross	ross	PROPN
ajfa-6694	17	21	et	et	PROPN
ajfa-6694	17	22	al	al	PROPN
ajfa-6694	17	23	.	.	PROPN
ajfa-6694	17	24	2009	2009	NUM
ajfa-6694	17	25	,	,	PUNCT
ajfa-6694	17	26	p.	p.	NOUN
ajfa-6694	17	27	292	292	NUM
ajfa-6694	17	28	)	)	PUNCT
ajfa-6694	17	29	.	.	PUNCT
ajfa-6694	18	1	the	the	DET
ajfa-6694	18	2	market	market	NOUN
ajfa-6694	18	3	risk	risk	NOUN
ajfa-6694	18	4	also	also	ADV
ajfa-6694	18	5	called	call	VERB
ajfa-6694	18	6	systematic	systematic	ADJ
ajfa-6694	18	7	risk	risk	NOUN
ajfa-6694	18	8	constitutes	constitute	VERB
ajfa-6694	18	9	the	the	DET
ajfa-6694	18	10	risks	risk	NOUN
ajfa-6694	18	11	related	relate	VERB
ajfa-6694	18	12	to	to	ADP
ajfa-6694	18	13	the	the	DET
ajfa-6694	18	14	changes	change	NOUN
ajfa-6694	18	15	at	at	ADP
ajfa-6694	18	16	the	the	DET
ajfa-6694	18	17	market	market	NOUN
ajfa-6694	18	18	as	as	ADP
ajfa-6694	18	19	a	a	DET
ajfa-6694	18	20	whole	whole	NOUN
ajfa-6694	18	21	.	.	PUNCT
ajfa-6694	19	1	such	such	DET
ajfa-6694	19	2	a	a	DET
ajfa-6694	19	3	market	market	NOUN
ajfa-6694	19	4	change	change	NOUN
ajfa-6694	19	5	can	can	AUX
ajfa-6694	19	6	influence	influence	VERB
ajfa-6694	19	7	variability	variability	NOUN
ajfa-6694	19	8	of	of	ADP
ajfa-6694	19	9	return	return	NOUN
ajfa-6694	19	10	of	of	ADP
ajfa-6694	19	11	an	an	DET
ajfa-6694	19	12	investment	investment	NOUN
ajfa-6694	19	13	.	.	PUNCT
ajfa-6694	20	1	this	this	DET
ajfa-6694	20	2	systematic	systematic	ADJ
ajfa-6694	20	3	risk	risk	NOUN
ajfa-6694	20	4	can	can	AUX
ajfa-6694	20	5	be	be	AUX
ajfa-6694	20	6	measured	measure	VERB
ajfa-6694	20	7	by	by	ADP
ajfa-6694	20	8	using	use	VERB
ajfa-6694	20	9	the	the	DET
ajfa-6694	20	10	beta	beta	NOUN
ajfa-6694	20	11	(	(	PUNCT
ajfa-6694	20	12	ß	ß	NOUN
ajfa-6694	20	13	)	)	PUNCT
ajfa-6694	20	14	coefficient	coefficient	NOUN
ajfa-6694	20	15	.	.	PUNCT
ajfa-6694	21	1	beta	beta	NOUN
ajfa-6694	21	2	indicates	indicate	VERB
ajfa-6694	21	3	the	the	DET
ajfa-6694	21	4	sensitivity	sensitivity	NOUN
ajfa-6694	21	5	of	of	ADP
ajfa-6694	21	6	security	security	NOUN
ajfa-6694	21	7	return	return	NOUN
ajfa-6694	21	8	to	to	ADP
ajfa-6694	21	9	the	the	DET
ajfa-6694	21	10	change	change	NOUN
ajfa-6694	21	11	in	in	ADP
ajfa-6694	21	12	market	market	NOUN
ajfa-6694	21	13	return	return	NOUN
ajfa-6694	21	14	.	.	PUNCT
ajfa-6694	22	1	in	in	ADP
ajfa-6694	22	2	the	the	DET
ajfa-6694	22	3	context	context	NOUN
ajfa-6694	22	4	of	of	ADP
ajfa-6694	22	5	international	international	ADJ
ajfa-6694	22	6	diversification	diversification	NOUN
ajfa-6694	22	7	,	,	PUNCT
ajfa-6694	22	8	beta	beta	NOUN
ajfa-6694	22	9	indicates	indicate	VERB
ajfa-6694	22	10	sensitivity	sensitivity	NOUN
ajfa-6694	22	11	of	of	ADP
ajfa-6694	22	12	profit	profit	NOUN
ajfa-6694	22	13	level	level	NOUN
ajfa-6694	22	14	index	index	NOUN
ajfa-6694	22	15	of	of	ADP
ajfa-6694	22	16	a	a	DET
ajfa-6694	22	17	certain	certain	ADJ
ajfa-6694	22	18	country	country	NOUN
ajfa-6694	22	19	to	to	ADP
ajfa-6694	22	20	the	the	DET
ajfa-6694	22	21	level	level	NOUN
ajfa-6694	22	22	of	of	ADP
ajfa-6694	22	23	portfolio	portfolio	NOUN
ajfa-6694	22	24	profit	profit	NOUN
ajfa-6694	22	25	of	of	ADP
ajfa-6694	22	26	the	the	DET
ajfa-6694	22	27	world	world	NOUN
ajfa-6694	22	28	market	market	NOUN
ajfa-6694	22	29	.	.	PUNCT
ajfa-6694	23	1	investors	investor	NOUN
ajfa-6694	23	2	can	can	AUX
ajfa-6694	23	3	and	and	CCONJ
ajfa-6694	23	4	will	will	AUX
ajfa-6694	23	5	carry	carry	VERB
ajfa-6694	23	6	out	out	ADP
ajfa-6694	23	7	the	the	DET
ajfa-6694	23	8	international	international	ADJ
ajfa-6694	23	9	diversification	diversification	NOUN
ajfa-6694	23	10	.	.	PUNCT
ajfa-6694	24	1	this	this	PRON
ajfa-6694	24	2	proves	prove	VERB
ajfa-6694	24	3	that	that	SCONJ
ajfa-6694	24	4	the	the	DET
ajfa-6694	24	5	stock	stock	NOUN
ajfa-6694	24	6	market	market	NOUN
ajfa-6694	24	7	of	of	ADP
ajfa-6694	24	8	a	a	DET
ajfa-6694	24	9	country	country	NOUN
ajfa-6694	24	10	is	be	AUX
ajfa-6694	24	11	integrated	integrate	VERB
ajfa-6694	24	12	to	to	ADP
ajfa-6694	24	13	the	the	DET
ajfa-6694	24	14	world	world	NOUN
ajfa-6694	24	15	stock	stock	NOUN
ajfa-6694	24	16	markets	market	NOUN
ajfa-6694	24	17	.	.	PUNCT
ajfa-6694	25	1	this	this	DET
ajfa-6694	25	2	study	study	NOUN
ajfa-6694	25	3	uses	use	VERB
ajfa-6694	25	4	the	the	DET
ajfa-6694	25	5	term	term	NOUN
ajfa-6694	25	6	country	country	NOUN
ajfa-6694	25	7	risk	risk	NOUN
ajfa-6694	25	8	,	,	PUNCT
ajfa-6694	25	9	in	in	ADP
ajfa-6694	25	10	which	which	PRON
ajfa-6694	25	11	the	the	DET
ajfa-6694	25	12	country	country	NOUN
ajfa-6694	25	13	risk	risk	NOUN
ajfa-6694	25	14	is	be	AUX
ajfa-6694	25	15	a	a	DET
ajfa-6694	25	16	systematic	systematic	ADJ
ajfa-6694	25	17	risk	risk	NOUN
ajfa-6694	25	18	of	of	ADP
ajfa-6694	25	19	an	an	DET
ajfa-6694	25	20	international	international	ADJ
ajfa-6694	25	21	portfolio	portfolio	NOUN
ajfa-6694	25	22	.	.	PUNCT
ajfa-6694	26	1	country	country	NOUN
ajfa-6694	26	2	risk	risk	NOUN
ajfa-6694	26	3	was	be	AUX
ajfa-6694	26	4	a	a	DET
ajfa-6694	26	5	covariant	covariant	NOUN
ajfa-6694	26	6	of	of	ADP
ajfa-6694	26	7	security	security	NOUN
ajfa-6694	26	8	return	return	NOUN
ajfa-6694	26	9	of	of	ADP
ajfa-6694	26	10	a	a	DET
ajfa-6694	26	11	certain	certain	ADJ
ajfa-6694	26	12	country	country	NOUN
ajfa-6694	26	13	to	to	ADP
ajfa-6694	26	14	the	the	DET
ajfa-6694	26	15	security	security	NOUN
ajfa-6694	26	16	return	return	NOUN
ajfa-6694	26	17	of	of	ADP
ajfa-6694	26	18	global	global	ADJ
ajfa-6694	26	19	market	market	NOUN
ajfa-6694	26	20	(	(	PUNCT
ajfa-6694	26	21	harvey	harvey	NOUN
ajfa-6694	26	22	,	,	PUNCT
ajfa-6694	26	23	1991	1991	NUM
ajfa-6694	26	24	)	)	PUNCT
ajfa-6694	26	25	.	.	PUNCT
ajfa-6694	27	1	verma	verma	PROPN
ajfa-6694	27	2	and	and	CCONJ
ajfa-6694	27	3	soydemir	soydemir	NOUN
ajfa-6694	27	4	(	(	PUNCT
ajfa-6694	27	5	2006	2006	NUM
ajfa-6694	27	6	)	)	PUNCT
ajfa-6694	27	7	said	say	VERB
ajfa-6694	27	8	that	that	SCONJ
ajfa-6694	27	9	in	in	ADP
ajfa-6694	27	10	the	the	DET
ajfa-6694	27	11	perspective	perspective	NOUN
ajfa-6694	27	12	of	of	ADP
ajfa-6694	27	13	foreign	foreign	ADJ
ajfa-6694	27	14	investors	investor	NOUN
ajfa-6694	27	15	,	,	PUNCT
ajfa-6694	27	16	the	the	DET
ajfa-6694	27	17	country	country	NOUN
ajfa-6694	27	18	risk	risk	NOUN
ajfa-6694	27	19	evaluation	evaluation	NOUN
ajfa-6694	27	20	was	be	AUX
ajfa-6694	27	21	urgently	urgently	ADV
ajfa-6694	27	22	needed	need	VERB
ajfa-6694	27	23	because	because	SCONJ
ajfa-6694	27	24	it	it	PRON
ajfa-6694	27	25	concerns	concern	VERB
ajfa-6694	27	26	with	with	ADP
ajfa-6694	27	27	the	the	DET
ajfa-6694	27	28	cross	cross	ADJ
ajfa-6694	27	29	-	-	ADJ
ajfa-6694	27	30	country	country	ADJ
ajfa-6694	27	31	investment	investment	NOUN
ajfa-6694	27	32	.	.	PUNCT
ajfa-6694	28	1	harvey	harvey	NOUN
ajfa-6694	28	2	(	(	PUNCT
ajfa-6694	28	3	1991	1991	NUM
ajfa-6694	28	4	)	)	PUNCT
ajfa-6694	28	5	introduced	introduce	VERB
ajfa-6694	28	6	the	the	DET
ajfa-6694	28	7	model	model	NOUN
ajfa-6694	28	8	of	of	ADP
ajfa-6694	28	9	country	country	NOUN
ajfa-6694	28	10	risk	risk	NOUN
ajfa-6694	28	11	beta	beta	NOUN
ajfa-6694	28	12	approach	approach	NOUN
ajfa-6694	28	13	constituting	constitute	VERB
ajfa-6694	28	14	the	the	DET
ajfa-6694	28	15	extension	extension	NOUN
ajfa-6694	28	16	capital	capital	NOUN
ajfa-6694	28	17	asset	asset	NOUN
ajfa-6694	28	18	pricing	pricing	NOUN
ajfa-6694	28	19	model	model	NOUN
ajfa-6694	28	20	(	(	PUNCT
ajfa-6694	28	21	capm	capm	PROPN
ajfa-6694	28	22	)	)	PUNCT
ajfa-6694	28	23	by	by	ADP
ajfa-6694	28	24	sharpe	sharpe	PROPN
ajfa-6694	28	25	(	(	PUNCT
ajfa-6694	28	26	1964	1964	NUM
ajfa-6694	28	27	)	)	PUNCT
ajfa-6694	28	28	,	,	PUNCT
ajfa-6694	28	29	lintner	lintner	NOUN
ajfa-6694	28	30	(	(	PUNCT
ajfa-6694	28	31	1965	1965	NUM
ajfa-6694	28	32	)	)	PUNCT
ajfa-6694	28	33	,	,	PUNCT
ajfa-6694	28	34	and	and	CCONJ
ajfa-6694	28	35	mossin	mossin	NOUN
ajfa-6694	28	36	(	(	PUNCT
ajfa-6694	28	37	1966	1966	NUM
ajfa-6694	28	38	)	)	PUNCT
ajfa-6694	28	39	and	and	CCONJ
ajfa-6694	28	40	a	a	DET
ajfa-6694	28	41	cornerstone	cornerstone	NOUN
ajfa-6694	28	42	in	in	ADP
ajfa-6694	28	43	investment	investment	NOUN
ajfa-6694	28	44	theory	theory	NOUN
ajfa-6694	28	45	.	.	PUNCT
ajfa-6694	29	1	this	this	DET
ajfa-6694	29	2	capm	capm	PROPN
ajfa-6694	29	3	theory	theory	NOUN
ajfa-6694	29	4	was	be	AUX
ajfa-6694	29	5	a	a	DET
ajfa-6694	29	6	development	development	NOUN
ajfa-6694	29	7	of	of	ADP
ajfa-6694	29	8	markowitz	markowitz	PROPN
ajfa-6694	29	9	’s	’s	PROPN
ajfa-6694	29	10	portfolio	portfolio	PROPN
ajfa-6694	29	11	theory	theory	NOUN
ajfa-6694	29	12	based	base	VERB
ajfa-6694	29	13	on	on	ADP
ajfa-6694	29	14	the	the	DET
ajfa-6694	29	15	trade	trade	NOUN
ajfa-6694	29	16	-	-	PUNCT
ajfa-6694	29	17	off	off	NOUN
ajfa-6694	29	18	between	between	ADP
ajfa-6694	29	19	the	the	DET
ajfa-6694	29	20	risk	risk	NOUN
ajfa-6694	29	21	and	and	CCONJ
ajfa-6694	29	22	the	the	DET
ajfa-6694	29	23	return	return	NOUN
ajfa-6694	29	24	having	have	VERB
ajfa-6694	29	25	the	the	DET
ajfa-6694	29	26	linear	linear	ADJ
ajfa-6694	29	27	and	and	CCONJ
ajfa-6694	29	28	positive	positive	ADJ
ajfa-6694	29	29	nature	nature	NOUN
ajfa-6694	29	30	.	.	PUNCT
ajfa-6694	30	1	the	the	DET
ajfa-6694	30	2	capm	capm	PROPN
ajfa-6694	30	3	assumed	assume	VERB
ajfa-6694	30	4	that	that	SCONJ
ajfa-6694	30	5	under	under	ADP
ajfa-6694	30	6	equilibrium	equilibrium	NOUN
ajfa-6694	30	7	conditions	condition	NOUN
ajfa-6694	30	8	,	,	PUNCT
ajfa-6694	30	9	expected	expect	VERB
ajfa-6694	30	10	return	return	NOUN
ajfa-6694	30	11	represent	represent	VERB
ajfa-6694	30	12	fair	fair	ADJ
ajfa-6694	30	13	compensation	compensation	NOUN
ajfa-6694	30	14	for	for	ADP
ajfa-6694	30	15	the	the	DET
ajfa-6694	30	16	degree	degree	NOUN
ajfa-6694	30	17	of	of	ADP
ajfa-6694	30	18	risk	risk	NOUN
ajfa-6694	30	19	security	security	NOUN
ajfa-6694	30	20	contributed	contribute	VERB
ajfa-6694	30	21	to	to	ADP
ajfa-6694	30	22	a	a	DET
ajfa-6694	30	23	broad	broad	ADJ
ajfa-6694	30	24	market	market	NOUN
ajfa-6694	30	25	portfolio	portfolio	NOUN
ajfa-6694	30	26	(	(	PUNCT
ajfa-6694	30	27	bruner	bruner	PROPN
ajfa-6694	30	28	et	et	PROPN
ajfa-6694	30	29	al	al	PROPN
ajfa-6694	30	30	.	.	PROPN
ajfa-6694	30	31	,	,	PUNCT
ajfa-6694	30	32	2008	2008	NUM
ajfa-6694	30	33	)	)	PUNCT
ajfa-6694	30	34	.	.	PUNCT
ajfa-6694	31	1	this	this	DET
ajfa-6694	31	2	country	country	NOUN
ajfa-6694	31	3	risk	risk	NOUN
ajfa-6694	31	4	approach	approach	NOUN
ajfa-6694	31	5	was	be	AUX
ajfa-6694	31	6	a	a	DET
ajfa-6694	31	7	quantitative	quantitative	ADJ
ajfa-6694	31	8	method	method	NOUN
ajfa-6694	31	9	by	by	ADP
ajfa-6694	31	10	using	use	VERB
ajfa-6694	31	11	the	the	DET
ajfa-6694	31	12	beta	beta	ADJ
ajfa-6694	31	13	coefficient	coefficient	NOUN
ajfa-6694	31	14	in	in	ADP
ajfa-6694	31	15	which	which	PRON
ajfa-6694	31	16	the	the	DET
ajfa-6694	31	17	said	say	VERB
ajfa-6694	31	18	beta	beta	NOUN
ajfa-6694	31	19	represented	represent	VERB
ajfa-6694	31	20	the	the	DET
ajfa-6694	31	21	time	time	NOUN
ajfa-6694	31	22	-	-	PUNCT
ajfa-6694	31	23	varying	vary	VERB
ajfa-6694	31	24	parameter	parameter	NOUN
ajfa-6694	31	25	of	of	ADP
ajfa-6694	31	26	a	a	DET
ajfa-6694	31	27	function	function	NOUN
ajfa-6694	31	28	of	of	ADP
ajfa-6694	31	29	a	a	DET
ajfa-6694	31	30	number	number	NOUN
ajfa-6694	31	31	of	of	ADP
ajfa-6694	31	32	economic	economic	ADJ
ajfa-6694	31	33	and	and	CCONJ
ajfa-6694	31	34	financial	financial	ADJ
ajfa-6694	31	35	independent	independent	ADJ
ajfa-6694	31	36	variables	variable	NOUN
ajfa-6694	31	37	(	(	PUNCT
ajfa-6694	31	38	verbenik	verbenik	PROPN
ajfa-6694	31	39	et	et	PROPN
ajfa-6694	31	40	al	al	PROPN
ajfa-6694	31	41	.	.	PROPN
ajfa-6694	31	42	,	,	PUNCT
ajfa-6694	31	43	2011	2011	NUM
ajfa-6694	31	44	)	)	PUNCT
ajfa-6694	31	45	.	.	PUNCT
ajfa-6694	32	1	jagannathan	jagannathan	PROPN
ajfa-6694	32	2	and	and	CCONJ
ajfa-6694	32	3	wang	wang	PROPN
ajfa-6694	32	4	(	(	PUNCT
ajfa-6694	32	5	1996	1996	NUM
ajfa-6694	32	6	)	)	PUNCT
ajfa-6694	32	7	were	be	AUX
ajfa-6694	32	8	in	in	ADP
ajfa-6694	32	9	the	the	DET
ajfa-6694	32	10	opinion	opinion	NOUN
ajfa-6694	32	11	that	that	SCONJ
ajfa-6694	32	12	the	the	DET
ajfa-6694	32	13	time	time	NOUN
ajfa-6694	32	14	-	-	PUNCT
ajfa-6694	32	15	varying	vary	VERB
ajfa-6694	32	16	beta	beta	NOUN
ajfa-6694	32	17	derives	derive	NOUN
ajfa-6694	32	18	from	from	ADP
ajfa-6694	32	19	the	the	DET
ajfa-6694	32	20	special	special	ADJ
ajfa-6694	32	21	issues	issue	NOUN
ajfa-6694	32	22	at	at	ADP
ajfa-6694	32	23	the	the	DET
ajfa-6694	32	24	company	company	NOUN
ajfa-6694	32	25	and	and	CCONJ
ajfa-6694	32	26	the	the	DET
ajfa-6694	32	27	economic	economic	ADJ
ajfa-6694	32	28	condition	condition	NOUN
ajfa-6694	32	29	as	as	ADP
ajfa-6694	32	30	a	a	DET
ajfa-6694	32	31	whole	whole	NOUN
ajfa-6694	32	32	.	.	PUNCT
ajfa-6694	33	1	further	far	ADV
ajfa-6694	33	2	,	,	PUNCT
ajfa-6694	33	3	teixeira	teixeira	PROPN
ajfa-6694	33	4	et	et	PROPN
ajfa-6694	33	5	al	al	PROPN
ajfa-6694	33	6	.	.	PROPN
ajfa-6694	34	1	(	(	PUNCT
ajfa-6694	34	2	2008	2008	NUM
ajfa-6694	34	3	)	)	PUNCT
ajfa-6694	34	4	states	state	VERB
ajfa-6694	34	5	that	that	SCONJ
ajfa-6694	34	6	time	time	NOUN
ajfa-6694	34	7	-	-	PUNCT
ajfa-6694	34	8	varying	vary	VERB
ajfa-6694	34	9	parameter	parameter	NOUN
ajfa-6694	34	10	was	be	AUX
ajfa-6694	34	11	influenced	influence	VERB
ajfa-6694	34	12	by	by	ADP
ajfa-6694	34	13	the	the	DET
ajfa-6694	34	14	internal	internal	ADJ
ajfa-6694	34	15	and	and	CCONJ
ajfa-6694	34	16	external	external	ADJ
ajfa-6694	34	17	risk	risk	NOUN
ajfa-6694	34	18	factors	factor	NOUN
ajfa-6694	34	19	.	.	PUNCT
ajfa-6694	35	1	oetzel	oetzel	INTJ
ajfa-6694	35	2	et	et	PROPN
ajfa-6694	35	3	al	al	PROPN
ajfa-6694	35	4	.	.	PROPN
ajfa-6694	36	1	(	(	PUNCT
ajfa-6694	36	2	2001	2001	NUM
ajfa-6694	36	3	)	)	PUNCT
ajfa-6694	36	4	,	,	PUNCT
ajfa-6694	36	5	abel	abel	PROPN
ajfa-6694	36	6	and	and	CCONJ
ajfa-6694	36	7	kruger	kruger	PROPN
ajfa-6694	36	8	(	(	PUNCT
ajfa-6694	36	9	1989	1989	NUM
ajfa-6694	36	10	)	)	PUNCT
ajfa-6694	36	11	stated	state	VERB
ajfa-6694	36	12	that	that	SCONJ
ajfa-6694	36	13	the	the	DET
ajfa-6694	36	14	macroeconomic	macroeconomic	ADJ
ajfa-6694	36	15	variables	variable	NOUN
ajfa-6694	36	16	constitute	constitute	VERB
ajfa-6694	36	17	the	the	DET
ajfa-6694	36	18	most	most	ADV
ajfa-6694	36	19	potential	potential	ADJ
ajfa-6694	36	20	factor	factor	NOUN
ajfa-6694	36	21	influencing	influence	VERB
ajfa-6694	36	22	the	the	DET
ajfa-6694	36	23	time	time	NOUN
ajfa-6694	36	24	-	-	PUNCT
ajfa-6694	36	25	varying	vary	VERB
ajfa-6694	36	26	beta	beta	NOUN
ajfa-6694	36	27	.	.	PUNCT
ajfa-6694	37	1	asian	asian	ADJ
ajfa-6694	37	2	journal	journal	PROPN
ajfa-6694	37	3	of	of	ADP
ajfa-6694	37	4	finance	finance	PROPN
ajfa-6694	37	5	&	&	CCONJ
ajfa-6694	37	6	accounting	accounting	PROPN
ajfa-6694	37	7	issn	issn	PROPN
ajfa-6694	37	8	1946	1946	NUM
ajfa-6694	37	9	-	-	PUNCT
ajfa-6694	37	10	052x	052x	NOUN
ajfa-6694	37	11	2015	2015	NUM
ajfa-6694	37	12	,	,	PUNCT
ajfa-6694	37	13	vol	vol	NOUN
ajfa-6694	37	14	.	.	PROPN
ajfa-6694	37	15	7	7	NUM
ajfa-6694	37	16	,	,	PUNCT
ajfa-6694	37	17	no	no	INTJ
ajfa-6694	37	18	.	.	NOUN
ajfa-6694	37	19	1	1	NUM
ajfa-6694	37	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6694	37	21	157	157	NUM
ajfa-6694	37	22	some	some	DET
ajfa-6694	37	23	empirical	empirical	ADJ
ajfa-6694	37	24	studies	study	NOUN
ajfa-6694	37	25	having	having	AUX
ajfa-6694	37	26	applied	apply	VERB
ajfa-6694	37	27	the	the	DET
ajfa-6694	37	28	country	country	NOUN
ajfa-6694	37	29	beta	beta	NOUN
ajfa-6694	37	30	approach	approach	NOUN
ajfa-6694	37	31	were	be	AUX
ajfa-6694	37	32	harvey	harvey	NOUN
ajfa-6694	37	33	and	and	CCONJ
ajfa-6694	37	34	zhou	zhou	PROPN
ajfa-6694	37	35	(	(	PUNCT
ajfa-6694	37	36	1993	1993	NUM
ajfa-6694	37	37	)	)	PUNCT
ajfa-6694	37	38	,	,	PUNCT
ajfa-6694	37	39	erb	erb	NOUN
ajfa-6694	37	40	et	et	PROPN
ajfa-6694	37	41	al	al	PROPN
ajfa-6694	37	42	.	.	PROPN
ajfa-6694	38	1	(	(	PUNCT
ajfa-6694	38	2	1996a	1996a	NUM
ajfa-6694	38	3	,	,	PUNCT
ajfa-6694	38	4	1996b	1996b	NUM
ajfa-6694	38	5	)	)	PUNCT
ajfa-6694	38	6	,	,	PUNCT
ajfa-6694	38	7	gangemi	gangemi	X
ajfa-6694	38	8	et	et	NOUN
ajfa-6694	38	9	al	al	PROPN
ajfa-6694	38	10	.	.	PUNCT
ajfa-6694	39	1	(	(	PUNCT
ajfa-6694	39	2	2000	2000	NUM
ajfa-6694	39	3	)	)	PUNCT
ajfa-6694	39	4	,	,	PUNCT
ajfa-6694	39	5	andrade	andrade	PROPN
ajfa-6694	39	6	and	and	CCONJ
ajfa-6694	39	7	teles	tele	NOUN
ajfa-6694	39	8	(	(	PUNCT
ajfa-6694	39	9	2006	2006	NUM
ajfa-6694	39	10	)	)	PUNCT
ajfa-6694	39	11	,	,	PUNCT
ajfa-6694	39	12	verma	verma	PROPN
ajfa-6694	39	13	and	and	CCONJ
ajfa-6694	39	14	soydemir	soydemir	NOUN
ajfa-6694	39	15	(	(	PUNCT
ajfa-6694	39	16	2006	2006	NUM
ajfa-6694	39	17	)	)	PUNCT
ajfa-6694	39	18	,	,	PUNCT
ajfa-6694	39	19	basu	basu	PROPN
ajfa-6694	39	20	et	et	PROPN
ajfa-6694	39	21	al	al	PROPN
ajfa-6694	39	22	.	.	PROPN
ajfa-6694	40	1	(	(	PUNCT
ajfa-6694	40	2	2011	2011	NUM
ajfa-6694	40	3	)	)	PUNCT
ajfa-6694	40	4	,	,	PUNCT
ajfa-6694	40	5	and	and	CCONJ
ajfa-6694	40	6	the	the	DET
ajfa-6694	40	7	latest	late	ADJ
ajfa-6694	40	8	was	be	AUX
ajfa-6694	40	9	verbenik	verbenik	VERB
ajfa-6694	41	1	et	et	PROPN
ajfa-6694	41	2	al	al	PROPN
ajfa-6694	41	3	.	.	PUNCT
ajfa-6694	41	4	(	(	PUNCT
ajfa-6694	41	5	2011	2011	NUM
ajfa-6694	41	6	)	)	PUNCT
ajfa-6694	41	7	.	.	PUNCT
ajfa-6694	42	1	output	output	NOUN
ajfa-6694	42	2	of	of	ADP
ajfa-6694	42	3	the	the	DET
ajfa-6694	42	4	previous	previous	ADJ
ajfa-6694	42	5	research	research	NOUN
ajfa-6694	42	6	indicated	indicate	VERB
ajfa-6694	42	7	that	that	SCONJ
ajfa-6694	42	8	the	the	DET
ajfa-6694	42	9	relation	relation	NOUN
ajfa-6694	42	10	between	between	ADP
ajfa-6694	42	11	country	country	NOUN
ajfa-6694	42	12	risk	risk	NOUN
ajfa-6694	42	13	and	and	CCONJ
ajfa-6694	42	14	internal	internal	ADJ
ajfa-6694	42	15	and	and	CCONJ
ajfa-6694	42	16	external	external	ADJ
ajfa-6694	42	17	macroeconomic	macroeconomic	ADJ
ajfa-6694	42	18	variables	variable	NOUN
ajfa-6694	42	19	varied	varied	ADJ
ajfa-6694	42	20	.	.	PUNCT
ajfa-6694	43	1	this	this	PRON
ajfa-6694	43	2	was	be	AUX
ajfa-6694	43	3	caused	cause	VERB
ajfa-6694	43	4	by	by	ADP
ajfa-6694	43	5	relevant	relevant	ADJ
ajfa-6694	43	6	macroeconomic	macroeconomic	ADJ
ajfa-6694	43	7	variables	variable	NOUN
ajfa-6694	43	8	between	between	ADP
ajfa-6694	43	9	the	the	DET
ajfa-6694	43	10	different	different	ADJ
ajfa-6694	43	11	developed	developed	ADJ
ajfa-6694	43	12	market	market	NOUN
ajfa-6694	43	13	and	and	CCONJ
ajfa-6694	43	14	the	the	DET
ajfa-6694	43	15	emerging	emerge	VERB
ajfa-6694	43	16	market	market	NOUN
ajfa-6694	43	17	.	.	PUNCT
ajfa-6694	44	1	this	this	DET
ajfa-6694	44	2	research	research	NOUN
ajfa-6694	44	3	estimates	estimate	VERB
ajfa-6694	44	4	several	several	ADJ
ajfa-6694	44	5	internal	internal	ADJ
ajfa-6694	44	6	and	and	CCONJ
ajfa-6694	44	7	external	external	ADJ
ajfa-6694	44	8	macroeconomic	macroeconomic	ADJ
ajfa-6694	44	9	variables	variable	NOUN
ajfa-6694	44	10	considered	consider	VERB
ajfa-6694	44	11	relevant	relevant	ADJ
ajfa-6694	44	12	influencing	influence	VERB
ajfa-6694	44	13	the	the	DET
ajfa-6694	44	14	country	country	NOUN
ajfa-6694	44	15	risk	risk	NOUN
ajfa-6694	44	16	in	in	ADP
ajfa-6694	44	17	indonesia	indonesia	PROPN
ajfa-6694	44	18	,	,	PUNCT
ajfa-6694	44	19	by	by	ADP
ajfa-6694	44	20	using	use	VERB
ajfa-6694	44	21	the	the	DET
ajfa-6694	44	22	econometric	econometric	ADJ
ajfa-6694	44	23	approach	approach	NOUN
ajfa-6694	44	24	under	under	ADP
ajfa-6694	44	25	vector	vector	NOUN
ajfa-6694	44	26	error	error	NOUN
ajfa-6694	44	27	correction	correction	NOUN
ajfa-6694	44	28	model	model	NOUN
ajfa-6694	44	29	(	(	PUNCT
ajfa-6694	44	30	vecm	vecm	NOUN
ajfa-6694	44	31	)	)	PUNCT
ajfa-6694	44	32	method	method	NOUN
ajfa-6694	44	33	.	.	PUNCT
ajfa-6694	45	1	the	the	DET
ajfa-6694	45	2	remaining	remain	VERB
ajfa-6694	45	3	of	of	ADP
ajfa-6694	45	4	the	the	DET
ajfa-6694	45	5	paper	paper	NOUN
ajfa-6694	45	6	is	be	AUX
ajfa-6694	45	7	organized	organize	VERB
ajfa-6694	45	8	as	as	ADP
ajfa-6694	45	9	follow	follow	NOUN
ajfa-6694	45	10	:	:	PUNCT
ajfa-6694	45	11	section	section	NOUN
ajfa-6694	45	12	2	2	NUM
ajfa-6694	45	13	literature	literature	NOUN
ajfa-6694	45	14	study	study	NOUN
ajfa-6694	45	15	and	and	CCONJ
ajfa-6694	45	16	empirical	empirical	ADJ
ajfa-6694	45	17	study	study	NOUN
ajfa-6694	45	18	.	.	PUNCT
ajfa-6694	46	1	section	section	NOUN
ajfa-6694	46	2	3	3	NUM
ajfa-6694	46	3	presents	present	VERB
ajfa-6694	46	4	hypotheses	hypothese	VERB
ajfa-6694	46	5	development	development	NOUN
ajfa-6694	46	6	.	.	PUNCT
ajfa-6694	47	1	section	section	NOUN
ajfa-6694	47	2	4	4	NUM
ajfa-6694	47	3	describes	describe	VERB
ajfa-6694	47	4	methodology	methodology	NOUN
ajfa-6694	47	5	and	and	CCONJ
ajfa-6694	47	6	the	the	DET
ajfa-6694	47	7	econometric	econometric	ADJ
ajfa-6694	47	8	methodology	methodology	NOUN
ajfa-6694	47	9	.	.	PUNCT
ajfa-6694	48	1	section	section	NOUN
ajfa-6694	48	2	5	5	NUM
ajfa-6694	48	3	report	report	NOUN
ajfa-6694	48	4	result	result	NOUN
ajfa-6694	48	5	and	and	CCONJ
ajfa-6694	48	6	estimation	estimation	NOUN
ajfa-6694	48	7	.	.	PUNCT
ajfa-6694	49	1	the	the	DET
ajfa-6694	49	2	final	final	ADJ
ajfa-6694	49	3	section	section	NOUN
ajfa-6694	49	4	is	be	AUX
ajfa-6694	49	5	the	the	DET
ajfa-6694	49	6	conclusion	conclusion	NOUN
ajfa-6694	49	7	.	.	PUNCT
ajfa-6694	50	1	2	2	X
ajfa-6694	50	2	.	.	X
ajfa-6694	50	3	literature	literature	NOUN
ajfa-6694	50	4	study	study	NOUN
ajfa-6694	50	5	and	and	CCONJ
ajfa-6694	50	6	empirical	empirical	ADJ
ajfa-6694	50	7	study	study	NOUN
ajfa-6694	50	8	investment	investment	NOUN
ajfa-6694	50	9	conducted	conduct	VERB
ajfa-6694	50	10	at	at	ADP
ajfa-6694	50	11	the	the	DET
ajfa-6694	50	12	stock	stock	NOUN
ajfa-6694	50	13	market	market	NOUN
ajfa-6694	50	14	is	be	AUX
ajfa-6694	50	15	an	an	DET
ajfa-6694	50	16	investment	investment	NOUN
ajfa-6694	50	17	full	full	ADJ
ajfa-6694	50	18	of	of	ADP
ajfa-6694	50	19	uncertainties	uncertainty	NOUN
ajfa-6694	50	20	,	,	PUNCT
ajfa-6694	50	21	because	because	SCONJ
ajfa-6694	50	22	the	the	DET
ajfa-6694	50	23	securities	security	NOUN
ajfa-6694	50	24	sold	sell	VERB
ajfa-6694	50	25	and	and	CCONJ
ajfa-6694	50	26	purchased	purchase	VERB
ajfa-6694	50	27	at	at	ADP
ajfa-6694	50	28	the	the	DET
ajfa-6694	50	29	stock	stock	NOUN
ajfa-6694	50	30	market	market	NOUN
ajfa-6694	50	31	contains	contain	VERB
ajfa-6694	50	32	the	the	DET
ajfa-6694	50	33	risks	risk	NOUN
ajfa-6694	50	34	and	and	CCONJ
ajfa-6694	50	35	uncertain	uncertain	ADJ
ajfa-6694	50	36	level	level	NOUN
ajfa-6694	50	37	of	of	ADP
ajfa-6694	50	38	return	return	NOUN
ajfa-6694	50	39	.	.	PUNCT
ajfa-6694	51	1	before	before	ADP
ajfa-6694	51	2	making	make	VERB
ajfa-6694	51	3	investment	investment	NOUN
ajfa-6694	51	4	,	,	PUNCT
ajfa-6694	51	5	the	the	DET
ajfa-6694	51	6	multinational	multinational	ADJ
ajfa-6694	51	7	companies	company	NOUN
ajfa-6694	51	8	or	or	CCONJ
ajfa-6694	51	9	foreign	foreign	ADJ
ajfa-6694	51	10	investors	investor	NOUN
ajfa-6694	51	11	had	have	AUX
ajfa-6694	51	12	better	well	ADV
ajfa-6694	51	13	consider	consider	VERB
ajfa-6694	51	14	first	first	ADV
ajfa-6694	51	15	the	the	DET
ajfa-6694	51	16	political	political	ADJ
ajfa-6694	51	17	stability	stability	NOUN
ajfa-6694	51	18	and	and	CCONJ
ajfa-6694	51	19	macroeconomic	macroeconomic	ADJ
ajfa-6694	51	20	condition	condition	NOUN
ajfa-6694	51	21	of	of	ADP
ajfa-6694	51	22	the	the	DET
ajfa-6694	51	23	country	country	NOUN
ajfa-6694	51	24	becoming	become	VERB
ajfa-6694	51	25	the	the	DET
ajfa-6694	51	26	destination	destination	NOUN
ajfa-6694	51	27	of	of	ADP
ajfa-6694	51	28	their	their	PRON
ajfa-6694	51	29	investment	investment	NOUN
ajfa-6694	51	30	,	,	PUNCT
ajfa-6694	51	31	because	because	SCONJ
ajfa-6694	51	32	it	it	PRON
ajfa-6694	51	33	has	have	VERB
ajfa-6694	51	34	the	the	DET
ajfa-6694	51	35	impact	impact	NOUN
ajfa-6694	51	36	on	on	ADP
ajfa-6694	51	37	the	the	DET
ajfa-6694	51	38	risk	risk	NOUN
ajfa-6694	51	39	level	level	NOUN
ajfa-6694	51	40	and	and	CCONJ
ajfa-6694	51	41	the	the	DET
ajfa-6694	51	42	return	return	NOUN
ajfa-6694	51	43	to	to	PART
ajfa-6694	51	44	be	be	AUX
ajfa-6694	51	45	received	receive	VERB
ajfa-6694	51	46	.	.	PUNCT
ajfa-6694	52	1	harvey	harvey	NOUN
ajfa-6694	52	2	(	(	PUNCT
ajfa-6694	52	3	1991	1991	NUM
ajfa-6694	52	4	)	)	PUNCT
ajfa-6694	52	5	stated	state	VERB
ajfa-6694	52	6	that	that	SCONJ
ajfa-6694	52	7	country	country	NOUN
ajfa-6694	52	8	risk	risk	NOUN
ajfa-6694	52	9	was	be	AUX
ajfa-6694	52	10	as	as	SCONJ
ajfa-6694	52	11	conditional	conditional	ADJ
ajfa-6694	52	12	sensitivity	sensitivity	NOUN
ajfa-6694	52	13	(	(	PUNCT
ajfa-6694	52	14	or	or	CCONJ
ajfa-6694	52	15	covariance	covariance	NOUN
ajfa-6694	52	16	)	)	PUNCT
ajfa-6694	52	17	of	of	ADP
ajfa-6694	52	18	the	the	DET
ajfa-6694	52	19	country	country	NOUN
ajfa-6694	52	20	return	return	VERB
ajfa-6694	52	21	to	to	ADP
ajfa-6694	52	22	world	world	NOUN
ajfa-6694	52	23	stock	stock	NOUN
ajfa-6694	52	24	return	return	NOUN
ajfa-6694	52	25	.	.	PUNCT
ajfa-6694	53	1	gangemi	gangemi	NOUN
ajfa-6694	53	2	et	et	PROPN
ajfa-6694	53	3	al	al	PROPN
ajfa-6694	53	4	.	.	PUNCT
ajfa-6694	54	1	(	(	PUNCT
ajfa-6694	54	2	2000	2000	NUM
ajfa-6694	54	3	)	)	PUNCT
ajfa-6694	54	4	stated	state	VERB
ajfa-6694	54	5	that	that	SCONJ
ajfa-6694	54	6	the	the	DET
ajfa-6694	54	7	country	country	NOUN
ajfa-6694	54	8	risk	risk	NOUN
ajfa-6694	54	9	constituted	constitute	VERB
ajfa-6694	54	10	the	the	DET
ajfa-6694	54	11	exposure	exposure	NOUN
ajfa-6694	54	12	function	function	NOUN
ajfa-6694	54	13	of	of	ADP
ajfa-6694	54	14	a	a	DET
ajfa-6694	54	15	country	country	NOUN
ajfa-6694	54	16	to	to	ADP
ajfa-6694	54	17	the	the	DET
ajfa-6694	54	18	world	world	NOUN
ajfa-6694	54	19	market	market	NOUN
ajfa-6694	54	20	.	.	PUNCT
ajfa-6694	55	1	verma	verma	PROPN
ajfa-6694	55	2	and	and	CCONJ
ajfa-6694	55	3	soydemir	soydemir	NOUN
ajfa-6694	55	4	(	(	PUNCT
ajfa-6694	55	5	2006	2006	NUM
ajfa-6694	55	6	)	)	PUNCT
ajfa-6694	55	7	added	add	VERB
ajfa-6694	55	8	that	that	SCONJ
ajfa-6694	55	9	the	the	DET
ajfa-6694	55	10	country	country	NOUN
ajfa-6694	55	11	risk	risk	NOUN
ajfa-6694	55	12	was	be	AUX
ajfa-6694	55	13	a	a	DET
ajfa-6694	55	14	risk	risk	NOUN
ajfa-6694	55	15	arising	arise	VERB
ajfa-6694	55	16	as	as	ADP
ajfa-6694	55	17	the	the	DET
ajfa-6694	55	18	effect	effect	NOUN
ajfa-6694	55	19	of	of	ADP
ajfa-6694	55	20	investors	investor	NOUN
ajfa-6694	55	21	conducting	conduct	VERB
ajfa-6694	55	22	the	the	DET
ajfa-6694	55	23	international	international	ADJ
ajfa-6694	55	24	investment	investment	NOUN
ajfa-6694	55	25	.	.	PUNCT
ajfa-6694	56	1	this	this	PRON
ajfa-6694	56	2	is	be	AUX
ajfa-6694	56	3	a	a	DET
ajfa-6694	56	4	non	non	ADJ
ajfa-6694	56	5	-	-	ADJ
ajfa-6694	56	6	systematic	systematic	ADJ
ajfa-6694	56	7	risk	risk	NOUN
ajfa-6694	56	8	(	(	PUNCT
ajfa-6694	56	9	unique	unique	ADJ
ajfa-6694	56	10	risk	risk	NOUN
ajfa-6694	56	11	)	)	PUNCT
ajfa-6694	56	12	,	,	PUNCT
ajfa-6694	56	13	if	if	SCONJ
ajfa-6694	56	14	it	it	PRON
ajfa-6694	56	15	is	be	AUX
ajfa-6694	56	16	observed	observe	VERB
ajfa-6694	56	17	from	from	ADP
ajfa-6694	56	18	the	the	DET
ajfa-6694	56	19	view	view	NOUN
ajfa-6694	56	20	point	point	NOUN
ajfa-6694	56	21	of	of	ADP
ajfa-6694	56	22	foreign	foreign	ADJ
ajfa-6694	56	23	investors	investor	NOUN
ajfa-6694	56	24	making	make	VERB
ajfa-6694	56	25	investment	investment	NOUN
ajfa-6694	56	26	in	in	ADP
ajfa-6694	56	27	other	other	ADJ
ajfa-6694	56	28	countries	country	NOUN
ajfa-6694	56	29	.	.	PUNCT
ajfa-6694	57	1	however	however	ADV
ajfa-6694	57	2	,	,	PUNCT
ajfa-6694	57	3	when	when	SCONJ
ajfa-6694	57	4	it	it	PRON
ajfa-6694	57	5	is	be	AUX
ajfa-6694	57	6	observed	observe	VERB
ajfa-6694	57	7	from	from	ADP
ajfa-6694	57	8	the	the	DET
ajfa-6694	57	9	view	view	NOUN
ajfa-6694	57	10	point	point	NOUN
ajfa-6694	57	11	of	of	ADP
ajfa-6694	57	12	domestic	domestic	ADJ
ajfa-6694	57	13	investor	investor	NOUN
ajfa-6694	57	14	,	,	PUNCT
ajfa-6694	57	15	this	this	PRON
ajfa-6694	57	16	is	be	AUX
ajfa-6694	57	17	a	a	DET
ajfa-6694	57	18	systematic	systematic	ADJ
ajfa-6694	57	19	risk	risk	NOUN
ajfa-6694	57	20	.	.	PUNCT
ajfa-6694	58	1	based	base	VERB
ajfa-6694	58	2	on	on	ADP
ajfa-6694	58	3	various	various	ADJ
ajfa-6694	58	4	definitions	definition	NOUN
ajfa-6694	58	5	above	above	ADV
ajfa-6694	58	6	,	,	PUNCT
ajfa-6694	58	7	it	it	PRON
ajfa-6694	58	8	can	can	AUX
ajfa-6694	58	9	be	be	AUX
ajfa-6694	58	10	concluded	conclude	VERB
ajfa-6694	58	11	that	that	SCONJ
ajfa-6694	58	12	the	the	DET
ajfa-6694	58	13	beta	beta	ADJ
ajfa-6694	58	14	concept	concept	NOUN
ajfa-6694	58	15	or	or	CCONJ
ajfa-6694	58	16	the	the	DET
ajfa-6694	58	17	country	country	NOUN
ajfa-6694	58	18	risk	risk	NOUN
ajfa-6694	58	19	constitutes	constitute	VERB
ajfa-6694	58	20	the	the	DET
ajfa-6694	58	21	beta	beta	NOUN
ajfa-6694	58	22	(	(	PUNCT
ajfa-6694	58	23	ß	ß	NOUN
ajfa-6694	58	24	)	)	PUNCT
ajfa-6694	58	25	systematic	systematic	ADJ
ajfa-6694	58	26	risk	risk	NOUN
ajfa-6694	58	27	,	,	PUNCT
ajfa-6694	58	28	in	in	ADP
ajfa-6694	58	29	which	which	PRON
ajfa-6694	58	30	this	this	DET
ajfa-6694	58	31	risk	risk	NOUN
ajfa-6694	58	32	appears	appear	VERB
ajfa-6694	58	33	when	when	SCONJ
ajfa-6694	58	34	the	the	DET
ajfa-6694	58	35	investors	investor	NOUN
ajfa-6694	58	36	make	make	VERB
ajfa-6694	58	37	investment	investment	NOUN
ajfa-6694	58	38	in	in	ADP
ajfa-6694	58	39	different	different	ADJ
ajfa-6694	58	40	countries	country	NOUN
ajfa-6694	58	41	or	or	CCONJ
ajfa-6694	58	42	making	make	VERB
ajfa-6694	58	43	the	the	DET
ajfa-6694	58	44	international	international	ADJ
ajfa-6694	58	45	diversification	diversification	NOUN
ajfa-6694	58	46	.	.	PUNCT
ajfa-6694	59	1	according	accord	VERB
ajfa-6694	59	2	to	to	ADP
ajfa-6694	59	3	sharpe	sharpe	PROPN
ajfa-6694	59	4	(	(	PUNCT
ajfa-6694	59	5	1964	1964	NUM
ajfa-6694	59	6	)	)	PUNCT
ajfa-6694	59	7	and	and	CCONJ
ajfa-6694	59	8	lintner	lintner	X
ajfa-6694	59	9	(	(	PUNCT
ajfa-6694	59	10	1965	1965	NUM
ajfa-6694	59	11	)	)	PUNCT
ajfa-6694	59	12	,	,	PUNCT
ajfa-6694	59	13	beta	beta	NOUN
ajfa-6694	59	14	was	be	AUX
ajfa-6694	59	15	a	a	DET
ajfa-6694	59	16	focal	focal	ADJ
ajfa-6694	59	17	point	point	NOUN
ajfa-6694	59	18	of	of	ADP
ajfa-6694	59	19	investment	investment	NOUN
ajfa-6694	59	20	and	and	CCONJ
ajfa-6694	59	21	financing	financing	NOUN
ajfa-6694	59	22	decision	decision	NOUN
ajfa-6694	59	23	.	.	PUNCT
ajfa-6694	60	1	beta	beta	NOUN
ajfa-6694	60	2	is	be	AUX
ajfa-6694	60	3	a	a	DET
ajfa-6694	60	4	systematic	systematic	ADJ
ajfa-6694	60	5	risk	risk	NOUN
ajfa-6694	60	6	parameter	parameter	NOUN
ajfa-6694	60	7	of	of	ADP
ajfa-6694	60	8	a	a	DET
ajfa-6694	60	9	security	security	NOUN
ajfa-6694	60	10	that	that	PRON
ajfa-6694	60	11	can	can	AUX
ajfa-6694	60	12	not	not	PART
ajfa-6694	60	13	be	be	AUX
ajfa-6694	60	14	omitted	omit	VERB
ajfa-6694	60	15	by	by	ADP
ajfa-6694	60	16	doing	do	VERB
ajfa-6694	60	17	diversification	diversification	NOUN
ajfa-6694	60	18	.	.	PUNCT
ajfa-6694	61	1	akdeniz	akdeniz	NOUN
ajfa-6694	61	2	et	et	PROPN
ajfa-6694	61	3	al	al	PROPN
ajfa-6694	61	4	.	.	PROPN
ajfa-6694	62	1	(	(	PUNCT
ajfa-6694	62	2	2003	2003	NUM
ajfa-6694	62	3	)	)	PUNCT
ajfa-6694	62	4	beta	beta	ADJ
ajfa-6694	62	5	risk	risk	NOUN
ajfa-6694	62	6	changed	change	VERB
ajfa-6694	62	7	through	through	ADP
ajfa-6694	62	8	time	time	NOUN
ajfa-6694	62	9	with	with	ADP
ajfa-6694	62	10	the	the	DET
ajfa-6694	62	11	changes	change	NOUN
ajfa-6694	62	12	in	in	ADP
ajfa-6694	62	13	the	the	DET
ajfa-6694	62	14	economic	economic	ADJ
ajfa-6694	62	15	environment	environment	NOUN
ajfa-6694	62	16	and	and	CCONJ
ajfa-6694	62	17	the	the	DET
ajfa-6694	62	18	dynamics	dynamic	NOUN
ajfa-6694	62	19	of	of	ADP
ajfa-6694	62	20	time	time	NOUN
ajfa-6694	62	21	variation	variation	NOUN
ajfa-6694	62	22	of	of	ADP
ajfa-6694	62	23	beta	beta	NOUN
ajfa-6694	62	24	differsed	differse	VERB
ajfa-6694	62	25	across	across	ADP
ajfa-6694	62	26	industries	industry	NOUN
ajfa-6694	62	27	.	.	PUNCT
ajfa-6694	63	1	in	in	ADP
ajfa-6694	63	2	addition	addition	NOUN
ajfa-6694	63	3	,	,	PUNCT
ajfa-6694	63	4	beta	beta	NOUN
ajfa-6694	63	5	indicates	indicate	VERB
ajfa-6694	63	6	the	the	DET
ajfa-6694	63	7	sensitivity	sensitivity	NOUN
ajfa-6694	63	8	of	of	ADP
ajfa-6694	63	9	security	security	NOUN
ajfa-6694	63	10	return	return	NOUN
ajfa-6694	63	11	to	to	ADP
ajfa-6694	63	12	the	the	DET
ajfa-6694	63	13	change	change	NOUN
ajfa-6694	63	14	of	of	ADP
ajfa-6694	63	15	market	market	NOUN
ajfa-6694	63	16	return	return	NOUN
ajfa-6694	63	17	.	.	PUNCT
ajfa-6694	64	1	under	under	ADP
ajfa-6694	64	2	a	a	DET
ajfa-6694	64	3	capm	capm	PROPN
ajfa-6694	64	4	equilibrium	equilibrium	PROPN
ajfa-6694	64	5	model	model	NOUN
ajfa-6694	64	6	,	,	PUNCT
ajfa-6694	64	7	the	the	DET
ajfa-6694	64	8	beta	beta	NOUN
ajfa-6694	64	9	value	value	NOUN
ajfa-6694	64	10	influences	influence	VERB
ajfa-6694	64	11	a	a	DET
ajfa-6694	64	12	great	great	ADJ
ajfa-6694	64	13	deal	deal	NOUN
ajfa-6694	64	14	to	to	ADP
ajfa-6694	64	15	the	the	DET
ajfa-6694	64	16	level	level	NOUN
ajfa-6694	64	17	of	of	ADP
ajfa-6694	64	18	the	the	DET
ajfa-6694	64	19	expected	expect	VERB
ajfa-6694	64	20	profit	profit	NOUN
ajfa-6694	64	21	of	of	ADP
ajfa-6694	64	22	a	a	DET
ajfa-6694	64	23	security	security	NOUN
ajfa-6694	64	24	.	.	PUNCT
ajfa-6694	65	1	the	the	PRON
ajfa-6694	65	2	higher	high	ADJ
ajfa-6694	65	3	the	the	DET
ajfa-6694	65	4	value	value	NOUN
ajfa-6694	65	5	of	of	ADP
ajfa-6694	65	6	beta	beta	NOUN
ajfa-6694	65	7	and	and	CCONJ
ajfa-6694	65	8	the	the	DET
ajfa-6694	65	9	market	market	NOUN
ajfa-6694	65	10	return	return	NOUN
ajfa-6694	65	11	are	be	AUX
ajfa-6694	65	12	,	,	PUNCT
ajfa-6694	65	13	the	the	DET
ajfa-6694	65	14	higher	high	ADJ
ajfa-6694	65	15	level	level	NOUN
ajfa-6694	65	16	of	of	ADP
ajfa-6694	65	17	return	return	NOUN
ajfa-6694	65	18	signaled	signal	VERB
ajfa-6694	65	19	by	by	ADP
ajfa-6694	65	20	the	the	DET
ajfa-6694	65	21	investors	investor	NOUN
ajfa-6694	65	22	.	.	PUNCT
ajfa-6694	66	1	country	country	NOUN
ajfa-6694	66	2	risk	risk	NOUN
ajfa-6694	66	3	is	be	AUX
ajfa-6694	66	4	influenced	influence	VERB
ajfa-6694	66	5	by	by	ADP
ajfa-6694	66	6	the	the	DET
ajfa-6694	66	7	internal	internal	ADJ
ajfa-6694	66	8	and	and	CCONJ
ajfa-6694	66	9	external	external	ADJ
ajfa-6694	66	10	risk	risk	NOUN
ajfa-6694	66	11	factors	factor	NOUN
ajfa-6694	66	12	.	.	PUNCT
ajfa-6694	67	1	this	this	DET
ajfa-6694	67	2	internal	internal	ADJ
ajfa-6694	67	3	risk	risk	NOUN
ajfa-6694	67	4	factor	factor	NOUN
ajfa-6694	67	5	refers	refer	VERB
ajfa-6694	67	6	to	to	ADP
ajfa-6694	67	7	the	the	DET
ajfa-6694	67	8	specific	specific	ADJ
ajfa-6694	67	9	factors	factor	NOUN
ajfa-6694	67	10	influencing	influence	VERB
ajfa-6694	67	11	the	the	DET
ajfa-6694	67	12	country	country	NOUN
ajfa-6694	67	13	risk	risk	NOUN
ajfa-6694	67	14	related	relate	VERB
ajfa-6694	67	15	to	to	ADP
ajfa-6694	67	16	the	the	DET
ajfa-6694	67	17	economic	economic	ADJ
ajfa-6694	67	18	fundaments	fundament	NOUN
ajfa-6694	67	19	of	of	ADP
ajfa-6694	67	20	a	a	DET
ajfa-6694	67	21	certain	certain	ADJ
ajfa-6694	67	22	country	country	NOUN
ajfa-6694	67	23	,	,	PUNCT
ajfa-6694	67	24	rate	rate	NOUN
ajfa-6694	67	25	of	of	ADP
ajfa-6694	67	26	exchange	exchange	NOUN
ajfa-6694	67	27	,	,	PUNCT
ajfa-6694	67	28	such	such	ADJ
ajfa-6694	67	29	as	as	ADP
ajfa-6694	67	30	inflation	inflation	NOUN
ajfa-6694	67	31	,	,	PUNCT
ajfa-6694	67	32	economic	economic	ADJ
ajfa-6694	67	33	growth	growth	NOUN
ajfa-6694	67	34	,	,	PUNCT
ajfa-6694	67	35	amount	amount	NOUN
ajfa-6694	67	36	of	of	ADP
ajfa-6694	67	37	money	money	NOUN
ajfa-6694	67	38	asian	asian	ADJ
ajfa-6694	67	39	journal	journal	NOUN
ajfa-6694	67	40	of	of	ADP
ajfa-6694	67	41	finance	finance	PROPN
ajfa-6694	67	42	&	&	CCONJ
ajfa-6694	67	43	accounting	accounting	PROPN
ajfa-6694	67	44	issn	issn	PROPN
ajfa-6694	67	45	1946	1946	NUM
ajfa-6694	67	46	-	-	PUNCT
ajfa-6694	67	47	052x	052x	NOUN
ajfa-6694	67	48	2015	2015	NUM
ajfa-6694	67	49	,	,	PUNCT
ajfa-6694	67	50	vol	vol	NOUN
ajfa-6694	67	51	.	.	PROPN
ajfa-6694	68	1	7	7	NUM
ajfa-6694	68	2	,	,	PUNCT
ajfa-6694	68	3	no	no	INTJ
ajfa-6694	68	4	.	.	NOUN
ajfa-6694	68	5	1	1	NUM
ajfa-6694	68	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6694	68	7	158	158	NUM
ajfa-6694	68	8	in	in	ADP
ajfa-6694	68	9	circulation	circulation	NOUN
ajfa-6694	68	10	(	(	PUNCT
ajfa-6694	68	11	money	money	NOUN
ajfa-6694	68	12	supply	supply	NOUN
ajfa-6694	68	13	)	)	PUNCT
ajfa-6694	68	14	,	,	PUNCT
ajfa-6694	68	15	and	and	CCONJ
ajfa-6694	68	16	many	many	ADJ
ajfa-6694	68	17	others	other	NOUN
ajfa-6694	68	18	.	.	PUNCT
ajfa-6694	69	1	the	the	DET
ajfa-6694	69	2	external	external	ADJ
ajfa-6694	69	3	risk	risk	NOUN
ajfa-6694	69	4	also	also	ADV
ajfa-6694	69	5	covers	cover	VERB
ajfa-6694	69	6	all	all	DET
ajfa-6694	69	7	factors	factor	NOUN
ajfa-6694	69	8	of	of	ADP
ajfa-6694	69	9	global	global	ADJ
ajfa-6694	69	10	risks	risk	NOUN
ajfa-6694	69	11	in	in	ADP
ajfa-6694	69	12	which	which	PRON
ajfa-6694	69	13	if	if	SCONJ
ajfa-6694	69	14	the	the	DET
ajfa-6694	69	15	changes	change	NOUN
ajfa-6694	69	16	occur	occur	VERB
ajfa-6694	69	17	on	on	ADP
ajfa-6694	69	18	such	such	ADJ
ajfa-6694	69	19	factors	factor	NOUN
ajfa-6694	69	20	,	,	PUNCT
ajfa-6694	69	21	they	they	PRON
ajfa-6694	69	22	will	will	AUX
ajfa-6694	69	23	have	have	VERB
ajfa-6694	69	24	a	a	DET
ajfa-6694	69	25	domino	domino	NOUN
ajfa-6694	69	26	effect	effect	NOUN
ajfa-6694	69	27	to	to	ADP
ajfa-6694	69	28	the	the	DET
ajfa-6694	69	29	world	world	NOUN
ajfa-6694	69	30	economic	economic	ADJ
ajfa-6694	69	31	activities	activity	NOUN
ajfa-6694	69	32	,	,	PUNCT
ajfa-6694	69	33	such	such	ADJ
ajfa-6694	69	34	as	as	ADP
ajfa-6694	69	35	world	world	NOUN
ajfa-6694	69	36	price	price	NOUN
ajfa-6694	69	37	increase	increase	NOUN
ajfa-6694	69	38	and	and	CCONJ
ajfa-6694	69	39	development	development	NOUN
ajfa-6694	69	40	of	of	ADP
ajfa-6694	69	41	stock	stock	NOUN
ajfa-6694	69	42	return	return	NOUN
ajfa-6694	69	43	from	from	ADP
ajfa-6694	69	44	the	the	DET
ajfa-6694	69	45	stock	stock	NOUN
ajfa-6694	69	46	market	market	NOUN
ajfa-6694	69	47	becoming	become	VERB
ajfa-6694	69	48	the	the	DET
ajfa-6694	69	49	standard	standard	NOUN
ajfa-6694	69	50	of	of	ADP
ajfa-6694	69	51	the	the	DET
ajfa-6694	69	52	world	world	NOUN
ajfa-6694	69	53	investment	investment	NOUN
ajfa-6694	69	54	and	and	CCONJ
ajfa-6694	69	55	the	the	DET
ajfa-6694	69	56	usa	usa	PROPN
ajfa-6694	69	57	’s	’s	PART
ajfa-6694	69	58	monetary	monetary	ADJ
ajfa-6694	69	59	policy	policy	NOUN
ajfa-6694	69	60	to	to	ADP
ajfa-6694	69	61	the	the	DET
ajfa-6694	69	62	fed	fed	PROPN
ajfa-6694	69	63	(	(	PUNCT
ajfa-6694	69	64	ferson	ferson	NOUN
ajfa-6694	69	65	and	and	CCONJ
ajfa-6694	69	66	harvey	harvey	PROPN
ajfa-6694	69	67	(	(	PUNCT
ajfa-6694	69	68	1994	1994	NUM
ajfa-6694	69	69	)	)	PUNCT
ajfa-6694	69	70	,	,	PUNCT
ajfa-6694	69	71	min	min	PROPN
ajfa-6694	69	72	(	(	PUNCT
ajfa-6694	69	73	1999	1999	NUM
ajfa-6694	69	74	)	)	PUNCT
ajfa-6694	69	75	,	,	PUNCT
ajfa-6694	69	76	grandes	grande	NOUN
ajfa-6694	69	77	(	(	PUNCT
ajfa-6694	69	78	2002	2002	NUM
ajfa-6694	69	79	)	)	PUNCT
ajfa-6694	69	80	,	,	PUNCT
ajfa-6694	69	81	and	and	CCONJ
ajfa-6694	69	82	teixeira	teixeira	PROPN
ajfa-6694	69	83	(	(	PUNCT
ajfa-6694	69	84	2008	2008	NUM
ajfa-6694	69	85	)	)	PUNCT
ajfa-6694	69	86	.	.	PUNCT
ajfa-6694	70	1	several	several	ADJ
ajfa-6694	70	2	studies	study	NOUN
ajfa-6694	70	3	already	already	ADV
ajfa-6694	70	4	been	be	AUX
ajfa-6694	70	5	carried	carry	VERB
ajfa-6694	70	6	out	out	ADP
ajfa-6694	70	7	to	to	PART
ajfa-6694	70	8	estimate	estimate	VERB
ajfa-6694	70	9	the	the	DET
ajfa-6694	70	10	country	country	NOUN
ajfa-6694	70	11	risk	risk	NOUN
ajfa-6694	70	12	by	by	ADP
ajfa-6694	70	13	using	use	VERB
ajfa-6694	70	14	the	the	DET
ajfa-6694	70	15	country	country	NOUN
ajfa-6694	70	16	beta	beta	NOUN
ajfa-6694	70	17	approach	approach	NOUN
ajfa-6694	70	18	method	method	NOUN
ajfa-6694	70	19	introduced	introduce	VERB
ajfa-6694	70	20	by	by	ADP
ajfa-6694	70	21	harvey	harvey	NOUN
ajfa-6694	70	22	(	(	PUNCT
ajfa-6694	70	23	1991	1991	NUM
ajfa-6694	70	24	)	)	PUNCT
ajfa-6694	70	25	.	.	PUNCT
ajfa-6694	71	1	harvey	harvey	NOUN
ajfa-6694	71	2	and	and	CCONJ
ajfa-6694	71	3	zhou	zhou	PROPN
ajfa-6694	71	4	(	(	PUNCT
ajfa-6694	71	5	1993	1993	NUM
ajfa-6694	71	6	)	)	PUNCT
ajfa-6694	71	7	carried	carry	VERB
ajfa-6694	71	8	out	out	ADP
ajfa-6694	71	9	country	country	NOUN
ajfa-6694	71	10	risk	risk	NOUN
ajfa-6694	71	11	estimation	estimation	NOUN
ajfa-6694	71	12	in	in	ADP
ajfa-6694	71	13	17	17	NUM
ajfa-6694	71	14	(	(	PUNCT
ajfa-6694	71	15	seventeen	seventeen	NUM
ajfa-6694	71	16	)	)	PUNCT
ajfa-6694	71	17	developing	develop	VERB
ajfa-6694	71	18	countries	country	NOUN
ajfa-6694	71	19	on	on	ADP
ajfa-6694	71	20	the	the	DET
ajfa-6694	71	21	effect	effect	NOUN
ajfa-6694	71	22	of	of	ADP
ajfa-6694	71	23	portfolio	portfolio	NOUN
ajfa-6694	71	24	of	of	ADP
ajfa-6694	71	25	the	the	DET
ajfa-6694	71	26	world	world	NOUN
ajfa-6694	71	27	market	market	NOUN
ajfa-6694	71	28	.	.	PUNCT
ajfa-6694	72	1	erb	erb	PROPN
ajfa-6694	72	2	et	et	PROPN
ajfa-6694	72	3	al	al	PROPN
ajfa-6694	72	4	.	.	PROPN
ajfa-6694	72	5	(	(	PUNCT
ajfa-6694	72	6	1996a	1996a	NUM
ajfa-6694	72	7	)	)	PUNCT
ajfa-6694	72	8	estimated	estimate	VERB
ajfa-6694	72	9	the	the	DET
ajfa-6694	72	10	country	country	NOUN
ajfa-6694	72	11	risks	risk	VERB
ajfa-6694	72	12	for	for	ADP
ajfa-6694	72	13	117	117	NUM
ajfa-6694	72	14	(	(	PUNCT
ajfa-6694	72	15	one	one	NUM
ajfa-6694	72	16	hundred	hundred	NUM
ajfa-6694	72	17	seventeen	seventeen	NUM
ajfa-6694	72	18	)	)	PUNCT
ajfa-6694	72	19	countries	country	NOUN
ajfa-6694	72	20	during	during	ADP
ajfa-6694	72	21	the	the	DET
ajfa-6694	72	22	period	period	NOUN
ajfa-6694	72	23	of	of	ADP
ajfa-6694	72	24	1984	1984	NUM
ajfa-6694	72	25	–	–	PUNCT
ajfa-6694	72	26	1995	1995	NUM
ajfa-6694	72	27	by	by	ADP
ajfa-6694	72	28	investigating	investigate	VERB
ajfa-6694	72	29	the	the	DET
ajfa-6694	72	30	5	5	NUM
ajfa-6694	72	31	(	(	PUNCT
ajfa-6694	72	32	five	five	NUM
ajfa-6694	72	33	)	)	PUNCT
ajfa-6694	72	34	sources	source	NOUN
ajfa-6694	72	35	of	of	ADP
ajfa-6694	72	36	risks	risk	NOUN
ajfa-6694	72	37	(	(	PUNCT
ajfa-6694	72	38	political	political	ADJ
ajfa-6694	72	39	,	,	PUNCT
ajfa-6694	72	40	financial	financial	ADJ
ajfa-6694	72	41	,	,	PUNCT
ajfa-6694	72	42	economic	economic	ADJ
ajfa-6694	72	43	,	,	PUNCT
ajfa-6694	72	44	composite	composite	ADJ
ajfa-6694	72	45	risk	risk	NOUN
ajfa-6694	72	46	index	index	NOUN
ajfa-6694	72	47	and	and	CCONJ
ajfa-6694	72	48	credit	credit	NOUN
ajfa-6694	72	49	ratings	rating	NOUN
ajfa-6694	72	50	)	)	PUNCT
ajfa-6694	72	51	.	.	PUNCT
ajfa-6694	73	1	their	their	PRON
ajfa-6694	73	2	finding	finding	NOUN
ajfa-6694	73	3	stated	state	VERB
ajfa-6694	73	4	that	that	SCONJ
ajfa-6694	73	5	there	there	PRON
ajfa-6694	73	6	was	be	VERB
ajfa-6694	73	7	a	a	DET
ajfa-6694	73	8	relationship	relationship	NOUN
ajfa-6694	73	9	between	between	ADP
ajfa-6694	73	10	country	country	NOUN
ajfa-6694	73	11	risk	risk	NOUN
ajfa-6694	73	12	and	and	CCONJ
ajfa-6694	73	13	the	the	DET
ajfa-6694	73	14	future	future	ADJ
ajfa-6694	73	15	stock	stock	NOUN
ajfa-6694	73	16	return	return	NOUN
ajfa-6694	73	17	.	.	PUNCT
ajfa-6694	74	1	further	far	ADV
ajfa-6694	74	2	,	,	PUNCT
ajfa-6694	74	3	erb	erb	PROPN
ajfa-6694	74	4	et	et	PROPN
ajfa-6694	74	5	al	al	PROPN
ajfa-6694	74	6	.	.	PROPN
ajfa-6694	74	7	(	(	PUNCT
ajfa-6694	74	8	1996b	1996b	NUM
ajfa-6694	74	9	)	)	PUNCT
ajfa-6694	74	10	also	also	ADV
ajfa-6694	74	11	analyzed	analyze	VERB
ajfa-6694	74	12	the	the	DET
ajfa-6694	74	13	country	country	NOUN
ajfa-6694	74	14	beta	beta	NOUN
ajfa-6694	74	15	as	as	ADP
ajfa-6694	74	16	a	a	DET
ajfa-6694	74	17	function	function	NOUN
ajfa-6694	74	18	of	of	ADP
ajfa-6694	74	19	country	country	NOUN
ajfa-6694	74	20	credit	credit	NOUN
ajfa-6694	74	21	risk	risk	NOUN
ajfa-6694	74	22	in	in	ADP
ajfa-6694	74	23	21	21	NUM
ajfa-6694	74	24	(	(	PUNCT
ajfa-6694	74	25	twenty	twenty	NUM
ajfa-6694	74	26	one	one	NUM
ajfa-6694	74	27	)	)	PUNCT
ajfa-6694	74	28	developed	develop	VERB
ajfa-6694	74	29	markets	market	NOUN
ajfa-6694	74	30	and	and	CCONJ
ajfa-6694	74	31	26	26	NUM
ajfa-6694	74	32	(	(	PUNCT
ajfa-6694	74	33	twenty	twenty	NUM
ajfa-6694	74	34	six	six	NUM
ajfa-6694	74	35	)	)	PUNCT
ajfa-6694	74	36	emerging	emerge	VERB
ajfa-6694	74	37	markets	market	NOUN
ajfa-6694	74	38	during	during	ADP
ajfa-6694	74	39	the	the	DET
ajfa-6694	74	40	period	period	NOUN
ajfa-6694	74	41	of	of	ADP
ajfa-6694	74	42	1979	1979	NUM
ajfa-6694	74	43	-	-	SYM
ajfa-6694	74	44	1995	1995	NUM
ajfa-6694	74	45	.	.	PUNCT
ajfa-6694	75	1	the	the	DET
ajfa-6694	75	2	finding	finding	NOUN
ajfa-6694	75	3	of	of	ADP
ajfa-6694	75	4	their	their	PRON
ajfa-6694	75	5	study	study	NOUN
ajfa-6694	75	6	stated	state	VERB
ajfa-6694	75	7	that	that	SCONJ
ajfa-6694	75	8	the	the	DET
ajfa-6694	75	9	political	political	ADJ
ajfa-6694	75	10	risk	risk	NOUN
ajfa-6694	75	11	,	,	PUNCT
ajfa-6694	75	12	inflation	inflation	NOUN
ajfa-6694	75	13	,	,	PUNCT
ajfa-6694	75	14	rate	rate	NOUN
ajfa-6694	75	15	of	of	ADP
ajfa-6694	75	16	exchange	exchange	NOUN
ajfa-6694	75	17	,	,	PUNCT
ajfa-6694	75	18	industrial	industrial	ADJ
ajfa-6694	75	19	portfolio	portfolio	NOUN
ajfa-6694	75	20	and	and	CCONJ
ajfa-6694	75	21	economic	economic	ADJ
ajfa-6694	75	22	growth	growth	NOUN
ajfa-6694	75	23	simultaneously	simultaneously	ADV
ajfa-6694	75	24	influence	influence	VERB
ajfa-6694	75	25	the	the	DET
ajfa-6694	75	26	country	country	NOUN
ajfa-6694	75	27	’s	’s	PART
ajfa-6694	75	28	credit	credit	NOUN
ajfa-6694	75	29	rating	rating	NOUN
ajfa-6694	75	30	.	.	PUNCT
ajfa-6694	76	1	gangemi	gangemi	NOUN
ajfa-6694	76	2	et	et	PROPN
ajfa-6694	76	3	al	al	PROPN
ajfa-6694	76	4	.	.	PUNCT
ajfa-6694	77	1	(	(	PUNCT
ajfa-6694	77	2	2000	2000	NUM
ajfa-6694	77	3	)	)	PUNCT
ajfa-6694	77	4	analyzed	analyze	VERB
ajfa-6694	77	5	the	the	DET
ajfa-6694	77	6	impact	impact	NOUN
ajfa-6694	77	7	of	of	ADP
ajfa-6694	77	8	macroeconomic	macroeconomic	ADJ
ajfa-6694	77	9	focusing	focus	VERB
ajfa-6694	77	10	on	on	ADP
ajfa-6694	77	11	the	the	DET
ajfa-6694	77	12	open	open	ADJ
ajfa-6694	77	13	economic	economic	ADJ
ajfa-6694	77	14	variables	variable	NOUN
ajfa-6694	77	15	to	to	ADP
ajfa-6694	77	16	the	the	DET
ajfa-6694	77	17	australia	australia	PROPN
ajfa-6694	77	18	’s	’s	PART
ajfa-6694	77	19	country	country	NOUN
ajfa-6694	77	20	risk	risk	NOUN
ajfa-6694	77	21	.	.	PUNCT
ajfa-6694	78	1	the	the	DET
ajfa-6694	78	2	finding	finding	NOUN
ajfa-6694	78	3	of	of	ADP
ajfa-6694	78	4	their	their	PRON
ajfa-6694	78	5	study	study	NOUN
ajfa-6694	78	6	indicated	indicate	VERB
ajfa-6694	78	7	that	that	SCONJ
ajfa-6694	78	8	only	only	ADV
ajfa-6694	78	9	the	the	DET
ajfa-6694	78	10	trade	trade	NOUN
ajfa-6694	78	11	weighted	weight	VERB
ajfa-6694	78	12	of	of	ADP
ajfa-6694	78	13	exchange	exchange	NOUN
ajfa-6694	78	14	rate	rate	NOUN
ajfa-6694	78	15	significantly	significantly	ADV
ajfa-6694	78	16	influences	influence	VERB
ajfa-6694	78	17	the	the	DET
ajfa-6694	78	18	country	country	NOUN
ajfa-6694	78	19	beta	beta	NOUN
ajfa-6694	78	20	in	in	ADP
ajfa-6694	78	21	australia	australia	PROPN
ajfa-6694	78	22	.	.	PUNCT
ajfa-6694	79	1	andrade	andrade	PROPN
ajfa-6694	79	2	and	and	CCONJ
ajfa-6694	79	3	teles	tele	NOUN
ajfa-6694	79	4	(	(	PUNCT
ajfa-6694	79	5	2006	2006	NUM
ajfa-6694	79	6	)	)	PUNCT
ajfa-6694	79	7	analyzed	analyze	VERB
ajfa-6694	79	8	the	the	DET
ajfa-6694	79	9	influence	influence	NOUN
ajfa-6694	79	10	of	of	ADP
ajfa-6694	79	11	macroeconomic	macroeconomic	ADJ
ajfa-6694	79	12	variables	variable	NOUN
ajfa-6694	79	13	to	to	ADP
ajfa-6694	79	14	the	the	DET
ajfa-6694	79	15	country	country	NOUN
ajfa-6694	79	16	risk	risk	NOUN
ajfa-6694	79	17	of	of	ADP
ajfa-6694	79	18	brazil	brazil	PROPN
ajfa-6694	79	19	by	by	ADP
ajfa-6694	79	20	using	use	VERB
ajfa-6694	79	21	a	a	DET
ajfa-6694	79	22	time	time	NOUN
ajfa-6694	79	23	-	-	PUNCT
ajfa-6694	79	24	varying	vary	VERB
ajfa-6694	79	25	parameter	parameter	NOUN
ajfa-6694	79	26	approach	approach	NOUN
ajfa-6694	79	27	.	.	PUNCT
ajfa-6694	80	1	output	output	NOUN
ajfa-6694	80	2	of	of	ADP
ajfa-6694	80	3	their	their	PRON
ajfa-6694	80	4	study	study	NOUN
ajfa-6694	80	5	indicated	indicate	VERB
ajfa-6694	80	6	that	that	SCONJ
ajfa-6694	80	7	the	the	DET
ajfa-6694	80	8	monetary	monetary	ADJ
ajfa-6694	80	9	policy	policy	NOUN
ajfa-6694	80	10	of	of	ADP
ajfa-6694	80	11	this	this	DET
ajfa-6694	80	12	country	country	NOUN
ajfa-6694	80	13	represented	represent	VERB
ajfa-6694	80	14	by	by	ADP
ajfa-6694	80	15	the	the	DET
ajfa-6694	80	16	rate	rate	NOUN
ajfa-6694	80	17	of	of	ADP
ajfa-6694	80	18	interest	interest	NOUN
ajfa-6694	80	19	significantly	significantly	ADV
ajfa-6694	80	20	influenced	influence	VERB
ajfa-6694	80	21	the	the	DET
ajfa-6694	80	22	country	country	NOUN
ajfa-6694	80	23	risk	risk	NOUN
ajfa-6694	80	24	of	of	ADP
ajfa-6694	80	25	brazil	brazil	PROPN
ajfa-6694	80	26	and	and	CCONJ
ajfa-6694	80	27	international	international	PROPN
ajfa-6694	80	28	reserve	reserve	PROPN
ajfa-6694	80	29	had	have	VERB
ajfa-6694	80	30	a	a	DET
ajfa-6694	80	31	significant	significant	ADJ
ajfa-6694	80	32	impact	impact	NOUN
ajfa-6694	80	33	only	only	ADV
ajfa-6694	80	34	in	in	ADP
ajfa-6694	80	35	fixed	fix	VERB
ajfa-6694	80	36	exchange	exchange	NOUN
ajfa-6694	80	37	rate	rate	NOUN
ajfa-6694	80	38	period	period	NOUN
ajfa-6694	80	39	.	.	PUNCT
ajfa-6694	81	1	verma	verma	PROPN
ajfa-6694	81	2	and	and	CCONJ
ajfa-6694	81	3	soydemir	soydemir	NOUN
ajfa-6694	81	4	(	(	PUNCT
ajfa-6694	81	5	2006	2006	NUM
ajfa-6694	81	6	)	)	PUNCT
ajfa-6694	81	7	investigated	investigate	VERB
ajfa-6694	81	8	the	the	DET
ajfa-6694	81	9	local	local	ADJ
ajfa-6694	81	10	factors	factor	NOUN
ajfa-6694	81	11	and	and	CCONJ
ajfa-6694	81	12	the	the	DET
ajfa-6694	81	13	global	global	ADJ
ajfa-6694	81	14	factors	factor	NOUN
ajfa-6694	81	15	influencing	influence	VERB
ajfa-6694	81	16	the	the	DET
ajfa-6694	81	17	country	country	NOUN
ajfa-6694	81	18	risk	risk	NOUN
ajfa-6694	81	19	of	of	ADP
ajfa-6694	81	20	latin	latin	PROPN
ajfa-6694	81	21	america	america	PROPN
ajfa-6694	81	22	.	.	PUNCT
ajfa-6694	82	1	output	output	NOUN
ajfa-6694	82	2	of	of	ADP
ajfa-6694	82	3	their	their	PRON
ajfa-6694	82	4	study	study	NOUN
ajfa-6694	82	5	indicated	indicate	VERB
ajfa-6694	82	6	that	that	SCONJ
ajfa-6694	82	7	those	those	DET
ajfa-6694	82	8	two	two	NUM
ajfa-6694	82	9	factors	factor	NOUN
ajfa-6694	82	10	had	have	VERB
ajfa-6694	82	11	relatively	relatively	ADV
ajfa-6694	82	12	different	different	ADJ
ajfa-6694	82	13	influence	influence	NOUN
ajfa-6694	82	14	to	to	ADP
ajfa-6694	82	15	the	the	DET
ajfa-6694	82	16	country	country	NOUN
ajfa-6694	82	17	risk	risk	NOUN
ajfa-6694	82	18	of	of	ADP
ajfa-6694	82	19	latin	latin	PROPN
ajfa-6694	82	20	america	america	PROPN
ajfa-6694	82	21	.	.	PUNCT
ajfa-6694	83	1	the	the	DET
ajfa-6694	83	2	global	global	ADJ
ajfa-6694	83	3	factor	factor	NOUN
ajfa-6694	83	4	,	,	PUNCT
ajfa-6694	83	5	namely	namely	ADV
ajfa-6694	83	6	the	the	DET
ajfa-6694	83	7	real	real	ADJ
ajfa-6694	83	8	interest	interest	NOUN
ajfa-6694	83	9	and	and	CCONJ
ajfa-6694	83	10	inflation	inflation	NOUN
ajfa-6694	83	11	of	of	ADP
ajfa-6694	83	12	g-7	g-7	PROPN
ajfa-6694	83	13	countries	country	NOUN
ajfa-6694	83	14	had	have	VERB
ajfa-6694	83	15	negative	negative	ADJ
ajfa-6694	83	16	influence	influence	NOUN
ajfa-6694	83	17	to	to	ADP
ajfa-6694	83	18	the	the	DET
ajfa-6694	83	19	country	country	NOUN
ajfa-6694	83	20	beta	beta	NOUN
ajfa-6694	83	21	of	of	ADP
ajfa-6694	83	22	mexico	mexico	PROPN
ajfa-6694	83	23	,	,	PUNCT
ajfa-6694	83	24	followed	follow	VERB
ajfa-6694	83	25	by	by	ADP
ajfa-6694	83	26	brazil	brazil	PROPN
ajfa-6694	83	27	and	and	CCONJ
ajfa-6694	83	28	chile	chile	PROPN
ajfa-6694	83	29	.	.	PUNCT
ajfa-6694	84	1	money	money	NOUN
ajfa-6694	84	2	supply	supply	NOUN
ajfa-6694	84	3	was	be	AUX
ajfa-6694	84	4	a	a	DET
ajfa-6694	84	5	very	very	ADV
ajfa-6694	84	6	influential	influential	ADJ
ajfa-6694	84	7	local	local	ADJ
ajfa-6694	84	8	factor	factor	NOUN
ajfa-6694	84	9	to	to	ADP
ajfa-6694	84	10	the	the	DET
ajfa-6694	84	11	country	country	NOUN
ajfa-6694	84	12	risk	risk	NOUN
ajfa-6694	84	13	of	of	ADP
ajfa-6694	84	14	mexico	mexico	PROPN
ajfa-6694	84	15	and	and	CCONJ
ajfa-6694	84	16	followed	follow	VERB
ajfa-6694	84	17	by	by	ADP
ajfa-6694	84	18	chile	chile	PROPN
ajfa-6694	84	19	and	and	CCONJ
ajfa-6694	84	20	brazil	brazil	PROPN
ajfa-6694	84	21	,	,	PUNCT
ajfa-6694	84	22	whereas	whereas	SCONJ
ajfa-6694	84	23	the	the	DET
ajfa-6694	84	24	exchange	exchange	NOUN
ajfa-6694	84	25	rate	rate	NOUN
ajfa-6694	84	26	only	only	ADV
ajfa-6694	84	27	gave	give	VERB
ajfa-6694	84	28	the	the	DET
ajfa-6694	84	29	influence	influence	NOUN
ajfa-6694	84	30	to	to	ADP
ajfa-6694	84	31	mexico	mexico	PROPN
ajfa-6694	84	32	and	and	CCONJ
ajfa-6694	84	33	brazil	brazil	PROPN
ajfa-6694	84	34	but	but	CCONJ
ajfa-6694	84	35	not	not	PART
ajfa-6694	84	36	to	to	PART
ajfa-6694	84	37	argentina	argentina	PROPN
ajfa-6694	84	38	and	and	CCONJ
ajfa-6694	84	39	chile	chile	PROPN
ajfa-6694	84	40	.	.	PUNCT
ajfa-6694	85	1	basu	basu	PROPN
ajfa-6694	85	2	et	et	PROPN
ajfa-6694	85	3	al	al	PROPN
ajfa-6694	85	4	.	.	PROPN
ajfa-6694	85	5	(	(	PUNCT
ajfa-6694	85	6	2011	2011	NUM
ajfa-6694	85	7	)	)	PUNCT
ajfa-6694	85	8	used	use	VERB
ajfa-6694	85	9	some	some	DET
ajfa-6694	85	10	macroeconomic	macroeconomic	ADJ
ajfa-6694	85	11	indicators	indicator	NOUN
ajfa-6694	85	12	and	and	CCONJ
ajfa-6694	85	13	political	political	ADJ
ajfa-6694	85	14	risk	risk	NOUN
ajfa-6694	85	15	to	to	PART
ajfa-6694	85	16	make	make	VERB
ajfa-6694	85	17	estimation	estimation	NOUN
ajfa-6694	85	18	on	on	ADP
ajfa-6694	85	19	india	india	PROPN
ajfa-6694	85	20	country	country	PROPN
ajfa-6694	85	21	risk	risk	NOUN
ajfa-6694	85	22	.	.	PUNCT
ajfa-6694	86	1	the	the	DET
ajfa-6694	86	2	output	output	NOUN
ajfa-6694	86	3	of	of	ADP
ajfa-6694	86	4	his	his	PRON
ajfa-6694	86	5	study	study	NOUN
ajfa-6694	86	6	indicated	indicate	VERB
ajfa-6694	86	7	that	that	SCONJ
ajfa-6694	86	8	the	the	DET
ajfa-6694	86	9	country	country	NOUN
ajfa-6694	86	10	risk	risk	NOUN
ajfa-6694	86	11	of	of	ADP
ajfa-6694	86	12	india	india	PROPN
ajfa-6694	86	13	was	be	AUX
ajfa-6694	86	14	very	very	ADV
ajfa-6694	86	15	much	much	ADV
ajfa-6694	86	16	influenced	influence	VERB
ajfa-6694	86	17	by	by	ADP
ajfa-6694	86	18	fdi	fdi	ADJ
ajfa-6694	86	19	inflow	inflow	NOUN
ajfa-6694	86	20	,	,	PUNCT
ajfa-6694	86	21	rate	rate	NOUN
ajfa-6694	86	22	of	of	ADP
ajfa-6694	86	23	interest	interest	NOUN
ajfa-6694	86	24	,	,	PUNCT
ajfa-6694	86	25	rate	rate	NOUN
ajfa-6694	86	26	of	of	ADP
ajfa-6694	86	27	exchange	exchange	NOUN
ajfa-6694	86	28	,	,	PUNCT
ajfa-6694	86	29	and	and	CCONJ
ajfa-6694	86	30	level	level	NOUN
ajfa-6694	86	31	of	of	ADP
ajfa-6694	86	32	unemployment	unemployment	NOUN
ajfa-6694	86	33	.	.	PUNCT
ajfa-6694	87	1	verbenik	verbenik	PROPN
ajfa-6694	87	2	et	et	PROPN
ajfa-6694	87	3	al	al	PROPN
ajfa-6694	87	4	.	.	PROPN
ajfa-6694	88	1	(	(	PUNCT
ajfa-6694	88	2	2011	2011	NUM
ajfa-6694	88	3	)	)	PUNCT
ajfa-6694	88	4	estimated	estimate	VERB
ajfa-6694	88	5	the	the	DET
ajfa-6694	88	6	country	country	NOUN
ajfa-6694	88	7	risk	risk	NOUN
ajfa-6694	88	8	of	of	ADP
ajfa-6694	88	9	new	new	ADJ
ajfa-6694	88	10	european	european	PROPN
ajfa-6694	88	11	union	union	PROPN
ajfa-6694	88	12	member	member	NOUN
ajfa-6694	88	13	states	state	NOUN
ajfa-6694	88	14	by	by	ADP
ajfa-6694	88	15	using	use	VERB
ajfa-6694	88	16	the	the	DET
ajfa-6694	88	17	local	local	ADJ
ajfa-6694	88	18	and	and	CCONJ
ajfa-6694	88	19	global	global	ADJ
ajfa-6694	88	20	risk	risk	NOUN
ajfa-6694	88	21	factors	factor	NOUN
ajfa-6694	88	22	.	.	PUNCT
ajfa-6694	89	1	output	output	NOUN
ajfa-6694	89	2	of	of	ADP
ajfa-6694	89	3	their	their	PRON
ajfa-6694	89	4	study	study	NOUN
ajfa-6694	89	5	was	be	AUX
ajfa-6694	89	6	that	that	SCONJ
ajfa-6694	89	7	on	on	ADP
ajfa-6694	89	8	the	the	DET
ajfa-6694	89	9	fourth	fourth	ADJ
ajfa-6694	89	10	quarter	quarter	NOUN
ajfa-6694	89	11	of	of	ADP
ajfa-6694	89	12	the	the	DET
ajfa-6694	89	13	year	year	NOUN
ajfa-6694	89	14	2008	2008	NUM
ajfa-6694	89	15	,	,	PUNCT
ajfa-6694	89	16	during	during	ADP
ajfa-6694	89	17	the	the	DET
ajfa-6694	89	18	occurrence	occurrence	NOUN
ajfa-6694	89	19	of	of	ADP
ajfa-6694	89	20	economic	economic	ADJ
ajfa-6694	89	21	crisis	crisis	NOUN
ajfa-6694	89	22	,	,	PUNCT
ajfa-6694	89	23	it	it	PRON
ajfa-6694	89	24	causes	cause	VERB
ajfa-6694	89	25	the	the	DET
ajfa-6694	89	26	country	country	NOUN
ajfa-6694	89	27	risk	risk	NOUN
ajfa-6694	89	28	of	of	ADP
ajfa-6694	89	29	the	the	DET
ajfa-6694	89	30	new	new	ADJ
ajfa-6694	89	31	eu	eu	PROPN
ajfa-6694	89	32	member	member	PROPN
ajfa-6694	89	33	states	state	NOUN
ajfa-6694	89	34	increased	increase	VERB
ajfa-6694	89	35	.	.	PUNCT
ajfa-6694	90	1	the	the	DET
ajfa-6694	90	2	beta	beta	ADJ
ajfa-6694	90	3	coefficient	coefficient	NOUN
ajfa-6694	90	4	of	of	ADP
ajfa-6694	90	5	the	the	DET
ajfa-6694	90	6	new	new	ADJ
ajfa-6694	90	7	european	european	PROPN
ajfa-6694	90	8	union	union	PROPN
ajfa-6694	90	9	member	member	NOUN
ajfa-6694	90	10	states	state	NOUN
ajfa-6694	90	11	significantly	significantly	ADV
ajfa-6694	90	12	was	be	AUX
ajfa-6694	90	13	more	more	ADV
ajfa-6694	90	14	influenced	influence	VERB
ajfa-6694	90	15	by	by	ADP
ajfa-6694	90	16	the	the	DET
ajfa-6694	90	17	global	global	ADJ
ajfa-6694	90	18	risk	risk	NOUN
ajfa-6694	90	19	factor	factor	NOUN
ajfa-6694	90	20	rather	rather	ADV
ajfa-6694	90	21	than	than	ADP
ajfa-6694	90	22	the	the	DET
ajfa-6694	90	23	domestic	domestic	ADJ
ajfa-6694	90	24	one	one	NUM
ajfa-6694	90	25	.	.	PUNCT
ajfa-6694	91	1	asian	asian	ADJ
ajfa-6694	91	2	journal	journal	PROPN
ajfa-6694	91	3	of	of	ADP
ajfa-6694	91	4	finance	finance	PROPN
ajfa-6694	91	5	&	&	CCONJ
ajfa-6694	91	6	accounting	accounting	PROPN
ajfa-6694	91	7	issn	issn	PROPN
ajfa-6694	91	8	1946	1946	NUM
ajfa-6694	91	9	-	-	PUNCT
ajfa-6694	91	10	052x	052x	NOUN
ajfa-6694	91	11	2015	2015	NUM
ajfa-6694	91	12	,	,	PUNCT
ajfa-6694	91	13	vol	vol	NOUN
ajfa-6694	91	14	.	.	PROPN
ajfa-6694	91	15	7	7	NUM
ajfa-6694	91	16	,	,	PUNCT
ajfa-6694	91	17	no	no	INTJ
ajfa-6694	91	18	.	.	NOUN
ajfa-6694	91	19	1	1	NUM
ajfa-6694	91	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6694	91	21	159	159	NUM
ajfa-6694	91	22	3	3	NUM
ajfa-6694	91	23	.	.	PUNCT
ajfa-6694	91	24	hypotheses	hypothese	VERB
ajfa-6694	91	25	development	development	NOUN
ajfa-6694	91	26	portfolio	portfolio	NOUN
ajfa-6694	91	27	theory	theory	NOUN
ajfa-6694	91	28	of	of	ADP
ajfa-6694	91	29	markowitz	markowitz	PROPN
ajfa-6694	91	30	states	states	PROPN
ajfa-6694	91	31	that	that	SCONJ
ajfa-6694	91	32	the	the	DET
ajfa-6694	91	33	relationship	relationship	NOUN
ajfa-6694	91	34	between	between	ADP
ajfa-6694	91	35	the	the	DET
ajfa-6694	91	36	risk	risk	NOUN
ajfa-6694	91	37	and	and	CCONJ
ajfa-6694	91	38	the	the	DET
ajfa-6694	91	39	return	return	NOUN
ajfa-6694	91	40	of	of	ADP
ajfa-6694	91	41	an	an	DET
ajfa-6694	91	42	investment	investment	NOUN
ajfa-6694	91	43	is	be	AUX
ajfa-6694	91	44	in	in	ADP
ajfa-6694	91	45	the	the	DET
ajfa-6694	91	46	same	same	ADJ
ajfa-6694	91	47	direction	direction	NOUN
ajfa-6694	91	48	and	and	CCONJ
ajfa-6694	91	49	positive	positive	ADJ
ajfa-6694	91	50	.	.	PUNCT
ajfa-6694	92	1	based	base	VERB
ajfa-6694	92	2	on	on	ADP
ajfa-6694	92	3	the	the	DET
ajfa-6694	92	4	said	said	ADJ
ajfa-6694	92	5	model	model	NOUN
ajfa-6694	92	6	,	,	PUNCT
ajfa-6694	92	7	each	each	DET
ajfa-6694	92	8	investor	investor	NOUN
ajfa-6694	92	9	is	be	AUX
ajfa-6694	92	10	assumed	assume	VERB
ajfa-6694	92	11	that	that	SCONJ
ajfa-6694	92	12	he	he	PRON
ajfa-6694	92	13	will	will	AUX
ajfa-6694	92	14	diversify	diversify	VERB
ajfa-6694	92	15	his	his	PRON
ajfa-6694	92	16	portfolio	portfolio	NOUN
ajfa-6694	92	17	and	and	CCONJ
ajfa-6694	92	18	will	will	AUX
ajfa-6694	92	19	choose	choose	VERB
ajfa-6694	92	20	the	the	DET
ajfa-6694	92	21	portfolio	portfolio	NOUN
ajfa-6694	92	22	on	on	ADP
ajfa-6694	92	23	his	his	PRON
ajfa-6694	92	24	preference	preference	NOUN
ajfa-6694	92	25	upon	upon	SCONJ
ajfa-6694	92	26	return	return	NOUN
ajfa-6694	92	27	and	and	CCONJ
ajfa-6694	92	28	risk	risk	NOUN
ajfa-6694	92	29	.	.	PUNCT
ajfa-6694	93	1	the	the	DET
ajfa-6694	93	2	capm	capm	PROPN
ajfa-6694	93	3	was	be	AUX
ajfa-6694	93	4	a	a	DET
ajfa-6694	93	5	simple	simple	ADJ
ajfa-6694	93	6	and	and	CCONJ
ajfa-6694	93	7	stable	stable	ADJ
ajfa-6694	93	8	linear	linear	NOUN
ajfa-6694	93	9	relationship	relationship	NOUN
ajfa-6694	93	10	between	between	ADP
ajfa-6694	93	11	an	an	DET
ajfa-6694	93	12	asset	asset	NOUN
ajfa-6694	93	13	’s	’s	PART
ajfa-6694	93	14	systematic	systematic	ADJ
ajfa-6694	93	15	risk	risk	NOUN
ajfa-6694	93	16	and	and	CCONJ
ajfa-6694	93	17	its	its	PRON
ajfa-6694	93	18	expected	expect	VERB
ajfa-6694	93	19	return	return	NOUN
ajfa-6694	93	20	(	(	PUNCT
ajfa-6694	93	21	akdeniz	akdeniz	NOUN
ajfa-6694	93	22	et	et	PROPN
ajfa-6694	93	23	al	al	PROPN
ajfa-6694	93	24	.	.	PROPN
ajfa-6694	93	25	,	,	PUNCT
ajfa-6694	93	26	2003	2003	NUM
ajfa-6694	93	27	)	)	PUNCT
ajfa-6694	93	28	.	.	PUNCT
ajfa-6694	94	1	the	the	DET
ajfa-6694	94	2	beta	beta	ADJ
ajfa-6694	94	3	coefficient	coefficient	NOUN
ajfa-6694	94	4	constituting	constitute	VERB
ajfa-6694	94	5	the	the	DET
ajfa-6694	94	6	systematic	systematic	ADJ
ajfa-6694	94	7	risk	risk	NOUN
ajfa-6694	94	8	was	be	AUX
ajfa-6694	94	9	influenced	influence	VERB
ajfa-6694	94	10	by	by	ADP
ajfa-6694	94	11	the	the	DET
ajfa-6694	94	12	business	business	NOUN
ajfa-6694	94	13	cycle	cycle	NOUN
ajfa-6694	94	14	(	(	PUNCT
ajfa-6694	94	15	jagannathan	jagannathan	NOUN
ajfa-6694	94	16	and	and	CCONJ
ajfa-6694	94	17	wang	wang	PROPN
ajfa-6694	94	18	,	,	PUNCT
ajfa-6694	94	19	1996	1996	NUM
ajfa-6694	94	20	)	)	PUNCT
ajfa-6694	94	21	.	.	PUNCT
ajfa-6694	95	1	the	the	DET
ajfa-6694	95	2	less	less	ADV
ajfa-6694	95	3	stable	stable	ADJ
ajfa-6694	95	4	,	,	PUNCT
ajfa-6694	95	5	the	the	DET
ajfa-6694	95	6	local	local	ADJ
ajfa-6694	95	7	and	and	CCONJ
ajfa-6694	95	8	the	the	DET
ajfa-6694	95	9	global	global	ADJ
ajfa-6694	95	10	macroeconomic	macroeconomic	ADJ
ajfa-6694	95	11	condition	condition	NOUN
ajfa-6694	95	12	was	be	AUX
ajfa-6694	95	13	,	,	PUNCT
ajfa-6694	95	14	the	the	DET
ajfa-6694	95	15	bigger	big	ADJ
ajfa-6694	95	16	influence	influence	NOUN
ajfa-6694	95	17	the	the	DET
ajfa-6694	95	18	investors	investor	NOUN
ajfa-6694	95	19	would	would	AUX
ajfa-6694	95	20	get	get	VERB
ajfa-6694	95	21	to	to	PART
ajfa-6694	95	22	make	make	VERB
ajfa-6694	95	23	investment	investment	NOUN
ajfa-6694	95	24	in	in	ADP
ajfa-6694	95	25	a	a	DET
ajfa-6694	95	26	certain	certain	ADJ
ajfa-6694	95	27	country	country	NOUN
ajfa-6694	95	28	.	.	PUNCT
ajfa-6694	96	1	some	some	DET
ajfa-6694	96	2	hypotheses	hypothesis	NOUN
ajfa-6694	96	3	able	able	ADJ
ajfa-6694	96	4	to	to	PART
ajfa-6694	96	5	be	be	AUX
ajfa-6694	96	6	presented	present	VERB
ajfa-6694	96	7	in	in	ADP
ajfa-6694	96	8	this	this	DET
ajfa-6694	96	9	study	study	NOUN
ajfa-6694	96	10	related	relate	VERB
ajfa-6694	96	11	to	to	ADP
ajfa-6694	96	12	the	the	DET
ajfa-6694	96	13	influence	influence	NOUN
ajfa-6694	96	14	of	of	ADP
ajfa-6694	96	15	internal	internal	ADJ
ajfa-6694	96	16	and	and	CCONJ
ajfa-6694	96	17	external	external	ADJ
ajfa-6694	96	18	macroeconomic	macroeconomic	ADJ
ajfa-6694	96	19	factors	factor	NOUN
ajfa-6694	96	20	to	to	ADP
ajfa-6694	96	21	the	the	DET
ajfa-6694	96	22	country	country	NOUN
ajfa-6694	96	23	beta	beta	NOUN
ajfa-6694	96	24	in	in	ADP
ajfa-6694	96	25	indonesia	indonesia	PROPN
ajfa-6694	96	26	are	be	AUX
ajfa-6694	96	27	as	as	SCONJ
ajfa-6694	96	28	follows	follow	VERB
ajfa-6694	96	29	:	:	PUNCT
ajfa-6694	96	30	the	the	DET
ajfa-6694	96	31	change	change	NOUN
ajfa-6694	96	32	in	in	ADP
ajfa-6694	96	33	rate	rate	NOUN
ajfa-6694	96	34	of	of	ADP
ajfa-6694	96	35	exchange	exchange	NOUN
ajfa-6694	96	36	to	to	ADP
ajfa-6694	96	37	usd	usd	NOUN
ajfa-6694	96	38	,	,	PUNCT
ajfa-6694	96	39	either	either	CCONJ
ajfa-6694	96	40	due	due	ADP
ajfa-6694	96	41	to	to	ADP
ajfa-6694	96	42	appreciation	appreciation	NOUN
ajfa-6694	96	43	or	or	CCONJ
ajfa-6694	96	44	depreciation	depreciation	NOUN
ajfa-6694	96	45	will	will	AUX
ajfa-6694	96	46	influence	influence	VERB
ajfa-6694	96	47	the	the	DET
ajfa-6694	96	48	activities	activity	NOUN
ajfa-6694	96	49	of	of	ADP
ajfa-6694	96	50	export	export	NOUN
ajfa-6694	96	51	and	and	CCONJ
ajfa-6694	96	52	investment	investment	NOUN
ajfa-6694	96	53	in	in	ADP
ajfa-6694	96	54	a	a	DET
ajfa-6694	96	55	country	country	NOUN
ajfa-6694	96	56	,	,	PUNCT
ajfa-6694	96	57	because	because	SCONJ
ajfa-6694	96	58	at	at	ADP
ajfa-6694	96	59	present	present	NOUN
ajfa-6694	96	60	the	the	DET
ajfa-6694	96	61	usd	usd	NOUN
ajfa-6694	96	62	is	be	AUX
ajfa-6694	96	63	still	still	ADV
ajfa-6694	96	64	a	a	DET
ajfa-6694	96	65	currency	currency	NOUN
ajfa-6694	96	66	dominating	dominate	VERB
ajfa-6694	96	67	the	the	DET
ajfa-6694	96	68	global	global	ADJ
ajfa-6694	96	69	payment	payment	NOUN
ajfa-6694	96	70	and	and	CCONJ
ajfa-6694	96	71	global	global	ADJ
ajfa-6694	96	72	commercial	commercial	ADJ
ajfa-6694	96	73	transactions	transaction	NOUN
ajfa-6694	96	74	.	.	PUNCT
ajfa-6694	97	1	some	some	DET
ajfa-6694	97	2	empirical	empirical	ADJ
ajfa-6694	97	3	studies	study	NOUN
ajfa-6694	97	4	conducted	conduct	VERB
ajfa-6694	97	5	by	by	ADP
ajfa-6694	97	6	min	min	PROPN
ajfa-6694	97	7	(	(	PUNCT
ajfa-6694	97	8	1998	1998	NUM
ajfa-6694	97	9	)	)	PUNCT
ajfa-6694	97	10	,	,	PUNCT
ajfa-6694	97	11	abel	abel	PROPN
ajfa-6694	97	12	and	and	CCONJ
ajfa-6694	97	13	krueger	krueger	PROPN
ajfa-6694	97	14	(	(	PUNCT
ajfa-6694	97	15	1989	1989	NUM
ajfa-6694	97	16	)	)	PUNCT
ajfa-6694	97	17	,	,	PUNCT
ajfa-6694	97	18	gangemi	gangemi	NOUN
ajfa-6694	97	19	et	et	NOUN
ajfa-6694	97	20	al	al	PROPN
ajfa-6694	97	21	.	.	PUNCT
ajfa-6694	97	22	(	(	PUNCT
ajfa-6694	97	23	2000	2000	NUM
ajfa-6694	97	24	)	)	PUNCT
ajfa-6694	97	25	,	,	PUNCT
ajfa-6694	97	26	bilson	bilson	PROPN
ajfa-6694	97	27	et	et	PROPN
ajfa-6694	97	28	al	al	PROPN
ajfa-6694	97	29	.	.	PROPN
ajfa-6694	97	30	(	(	PUNCT
ajfa-6694	97	31	2001	2001	NUM
ajfa-6694	97	32	)	)	PUNCT
ajfa-6694	97	33	,	,	PUNCT
ajfa-6694	97	34	jeon	jeon	PROPN
ajfa-6694	97	35	(	(	PUNCT
ajfa-6694	97	36	2001	2001	NUM
ajfa-6694	97	37	)	)	PUNCT
ajfa-6694	97	38	,	,	PUNCT
ajfa-6694	97	39	wdowinski	wdowinski	PROPN
ajfa-6694	97	40	(	(	PUNCT
ajfa-6694	97	41	2004	2004	NUM
ajfa-6694	97	42	)	)	PUNCT
ajfa-6694	97	43	,	,	PUNCT
ajfa-6694	97	44	verbenik	verbenik	VERB
ajfa-6694	97	45	et	et	PROPN
ajfa-6694	97	46	al	al	PROPN
ajfa-6694	97	47	.	.	PROPN
ajfa-6694	98	1	(	(	PUNCT
ajfa-6694	98	2	2011	2011	NUM
ajfa-6694	98	3	)	)	PUNCT
ajfa-6694	98	4	,	,	PUNCT
ajfa-6694	98	5	and	and	CCONJ
ajfa-6694	98	6	also	also	ADV
ajfa-6694	98	7	topak	topak	NOUN
ajfa-6694	98	8	and	and	CCONJ
ajfa-6694	98	9	muzir	muzir	NOUN
ajfa-6694	98	10	(	(	PUNCT
ajfa-6694	98	11	2011	2011	NUM
ajfa-6694	98	12	)	)	PUNCT
ajfa-6694	98	13	stated	state	VERB
ajfa-6694	98	14	that	that	SCONJ
ajfa-6694	98	15	the	the	DET
ajfa-6694	98	16	rate	rate	NOUN
ajfa-6694	98	17	of	of	ADP
ajfa-6694	98	18	exchange	exchange	NOUN
ajfa-6694	98	19	significantly	significantly	ADV
ajfa-6694	98	20	influenced	influence	VERB
ajfa-6694	98	21	the	the	DET
ajfa-6694	98	22	country	country	NOUN
ajfa-6694	98	23	risk	risk	NOUN
ajfa-6694	98	24	of	of	ADP
ajfa-6694	98	25	a	a	DET
ajfa-6694	98	26	certain	certain	ADJ
ajfa-6694	98	27	country	country	NOUN
ajfa-6694	98	28	.	.	PUNCT
ajfa-6694	99	1	h-1	h-1	NOUN
ajfa-6694	99	2	:	:	PUNCT
ajfa-6694	99	3	the	the	DET
ajfa-6694	99	4	exchange	exchange	NOUN
ajfa-6694	99	5	rate	rate	NOUN
ajfa-6694	99	6	of	of	ADP
ajfa-6694	99	7	rupiah	rupiah	NOUN
ajfa-6694	99	8	to	to	ADP
ajfa-6694	99	9	usd	usd	NOUN
ajfa-6694	99	10	has	have	VERB
ajfa-6694	99	11	positive	positive	ADJ
ajfa-6694	99	12	influence	influence	NOUN
ajfa-6694	99	13	to	to	ADP
ajfa-6694	99	14	the	the	DET
ajfa-6694	99	15	country	country	NOUN
ajfa-6694	99	16	risk	risk	NOUN
ajfa-6694	99	17	in	in	ADP
ajfa-6694	99	18	indonesia	indonesia	PROPN
ajfa-6694	99	19	.	.	PUNCT
ajfa-6694	100	1	the	the	DET
ajfa-6694	100	2	interest	interest	NOUN
ajfa-6694	100	3	rate	rate	NOUN
ajfa-6694	100	4	is	be	AUX
ajfa-6694	100	5	one	one	NUM
ajfa-6694	100	6	of	of	ADP
ajfa-6694	100	7	the	the	DET
ajfa-6694	100	8	monetary	monetary	ADJ
ajfa-6694	100	9	instruments	instrument	NOUN
ajfa-6694	100	10	frequently	frequently	ADV
ajfa-6694	100	11	used	use	VERB
ajfa-6694	100	12	by	by	ADP
ajfa-6694	100	13	bank	bank	PROPN
ajfa-6694	100	14	indonesia	indonesia	PROPN
ajfa-6694	100	15	as	as	ADP
ajfa-6694	100	16	a	a	DET
ajfa-6694	100	17	means	means	NOUN
ajfa-6694	100	18	of	of	ADP
ajfa-6694	100	19	monetary	monetary	ADJ
ajfa-6694	100	20	control	control	NOUN
ajfa-6694	100	21	.	.	PUNCT
ajfa-6694	101	1	the	the	DET
ajfa-6694	101	2	change	change	NOUN
ajfa-6694	101	3	of	of	ADP
ajfa-6694	101	4	interest	interest	NOUN
ajfa-6694	101	5	rate	rate	NOUN
ajfa-6694	101	6	of	of	ADP
ajfa-6694	101	7	sbi	sbi	NOUN
ajfa-6694	101	8	(	(	PUNCT
ajfa-6694	101	9	certificate	certificate	NOUN
ajfa-6694	101	10	of	of	ADP
ajfa-6694	101	11	bank	bank	PROPN
ajfa-6694	101	12	indonesia	indonesia	PROPN
ajfa-6694	101	13	)	)	PUNCT
ajfa-6694	101	14	is	be	AUX
ajfa-6694	101	15	potential	potential	ADJ
ajfa-6694	101	16	to	to	PART
ajfa-6694	101	17	increase	increase	VERB
ajfa-6694	101	18	or	or	CCONJ
ajfa-6694	101	19	decrease	decrease	VERB
ajfa-6694	101	20	the	the	DET
ajfa-6694	101	21	investment	investment	NOUN
ajfa-6694	101	22	risk	risk	NOUN
ajfa-6694	101	23	at	at	ADP
ajfa-6694	101	24	the	the	DET
ajfa-6694	101	25	stock	stock	NOUN
ajfa-6694	101	26	market	market	NOUN
ajfa-6694	101	27	.	.	PUNCT
ajfa-6694	102	1	the	the	DET
ajfa-6694	102	2	study	study	NOUN
ajfa-6694	102	3	by	by	ADP
ajfa-6694	102	4	abel	abel	PROPN
ajfa-6694	102	5	and	and	CCONJ
ajfa-6694	102	6	krueger	krueger	PROPN
ajfa-6694	102	7	(	(	PUNCT
ajfa-6694	102	8	1989	1989	NUM
ajfa-6694	102	9	)	)	PUNCT
ajfa-6694	102	10	,	,	PUNCT
ajfa-6694	102	11	and	and	CCONJ
ajfa-6694	102	12	verbenik	verbenik	VERB
ajfa-6694	102	13	et	et	PROPN
ajfa-6694	102	14	al	al	PROPN
ajfa-6694	102	15	.	.	PROPN
ajfa-6694	102	16	(	(	PUNCT
ajfa-6694	102	17	2011	2011	NUM
ajfa-6694	102	18	)	)	PUNCT
ajfa-6694	102	19	stated	state	VERB
ajfa-6694	102	20	that	that	SCONJ
ajfa-6694	102	21	the	the	DET
ajfa-6694	102	22	interest	interest	NOUN
ajfa-6694	102	23	rate	rate	NOUN
ajfa-6694	102	24	significantly	significantly	ADV
ajfa-6694	102	25	influenced	influence	VERB
ajfa-6694	102	26	the	the	DET
ajfa-6694	102	27	country	country	NOUN
ajfa-6694	102	28	risk	risk	NOUN
ajfa-6694	102	29	.	.	PUNCT
ajfa-6694	103	1	h-2	h-2	NOUN
ajfa-6694	103	2	:	:	PUNCT
ajfa-6694	103	3	interest	interest	NOUN
ajfa-6694	103	4	rate	rate	NOUN
ajfa-6694	103	5	of	of	ADP
ajfa-6694	103	6	sbi	sbi	NOUN
ajfa-6694	103	7	for	for	ADP
ajfa-6694	103	8	6	6	NUM
ajfa-6694	103	9	months	month	NOUN
ajfa-6694	103	10	has	have	VERB
ajfa-6694	103	11	positive	positive	ADJ
ajfa-6694	103	12	influence	influence	NOUN
ajfa-6694	103	13	to	to	ADP
ajfa-6694	103	14	the	the	DET
ajfa-6694	103	15	country	country	NOUN
ajfa-6694	103	16	risk	risk	NOUN
ajfa-6694	103	17	in	in	ADP
ajfa-6694	103	18	indonesia	indonesia	PROPN
ajfa-6694	103	19	.	.	PUNCT
ajfa-6694	104	1	inflation	inflation	NOUN
ajfa-6694	104	2	influences	influence	VERB
ajfa-6694	104	3	the	the	DET
ajfa-6694	104	4	economy	economy	NOUN
ajfa-6694	104	5	of	of	ADP
ajfa-6694	104	6	a	a	DET
ajfa-6694	104	7	country	country	NOUN
ajfa-6694	104	8	,	,	PUNCT
ajfa-6694	104	9	because	because	SCONJ
ajfa-6694	104	10	the	the	DET
ajfa-6694	104	11	change	change	NOUN
ajfa-6694	104	12	in	in	ADP
ajfa-6694	104	13	inflation	inflation	NOUN
ajfa-6694	104	14	rate	rate	NOUN
ajfa-6694	104	15	illustrates	illustrate	VERB
ajfa-6694	104	16	the	the	DET
ajfa-6694	104	17	stability	stability	NOUN
ajfa-6694	104	18	or	or	CCONJ
ajfa-6694	104	19	the	the	DET
ajfa-6694	104	20	failure	failure	NOUN
ajfa-6694	104	21	of	of	ADP
ajfa-6694	104	22	the	the	DET
ajfa-6694	104	23	macroeconomic	macroeconomic	ADJ
ajfa-6694	104	24	policy	policy	NOUN
ajfa-6694	104	25	of	of	ADP
ajfa-6694	104	26	a	a	DET
ajfa-6694	104	27	country	country	NOUN
ajfa-6694	104	28	.	.	PUNCT
ajfa-6694	105	1	the	the	DET
ajfa-6694	105	2	impact	impact	NOUN
ajfa-6694	105	3	of	of	ADP
ajfa-6694	105	4	the	the	DET
ajfa-6694	105	5	price	price	NOUN
ajfa-6694	105	6	increase	increase	NOUN
ajfa-6694	105	7	of	of	ADP
ajfa-6694	105	8	the	the	DET
ajfa-6694	105	9	goods	good	NOUN
ajfa-6694	105	10	gives	give	VERB
ajfa-6694	105	11	influence	influence	NOUN
ajfa-6694	105	12	to	to	ADP
ajfa-6694	105	13	the	the	DET
ajfa-6694	105	14	return	return	NOUN
ajfa-6694	105	15	received	receive	VERB
ajfa-6694	105	16	by	by	ADP
ajfa-6694	105	17	the	the	DET
ajfa-6694	105	18	company	company	NOUN
ajfa-6694	105	19	or	or	CCONJ
ajfa-6694	105	20	the	the	DET
ajfa-6694	105	21	investors	investor	NOUN
ajfa-6694	105	22	.	.	PUNCT
ajfa-6694	106	1	according	accord	VERB
ajfa-6694	106	2	to	to	ADP
ajfa-6694	106	3	barro	barro	PROPN
ajfa-6694	106	4	and	and	CCONJ
ajfa-6694	106	5	gordon	gordon	PROPN
ajfa-6694	106	6	(	(	PUNCT
ajfa-6694	106	7	1983	1983	NUM
ajfa-6694	106	8	)	)	PUNCT
ajfa-6694	106	9	,	,	PUNCT
ajfa-6694	106	10	inflation	inflation	NOUN
ajfa-6694	106	11	had	have	VERB
ajfa-6694	106	12	the	the	DET
ajfa-6694	106	13	impact	impact	NOUN
ajfa-6694	106	14	to	to	ADP
ajfa-6694	106	15	the	the	DET
ajfa-6694	106	16	economy	economy	NOUN
ajfa-6694	106	17	of	of	ADP
ajfa-6694	106	18	a	a	DET
ajfa-6694	106	19	country	country	NOUN
ajfa-6694	106	20	.	.	PUNCT
ajfa-6694	107	1	the	the	DET
ajfa-6694	107	2	high	high	ADJ
ajfa-6694	107	3	level	level	NOUN
ajfa-6694	107	4	of	of	ADP
ajfa-6694	107	5	inflation	inflation	NOUN
ajfa-6694	107	6	could	could	AUX
ajfa-6694	107	7	reduce	reduce	VERB
ajfa-6694	107	8	the	the	DET
ajfa-6694	107	9	level	level	NOUN
ajfa-6694	107	10	of	of	ADP
ajfa-6694	107	11	actual	actual	ADJ
ajfa-6694	107	12	income	income	NOUN
ajfa-6694	107	13	or	or	CCONJ
ajfa-6694	107	14	profits	profit	NOUN
ajfa-6694	107	15	of	of	ADP
ajfa-6694	107	16	the	the	DET
ajfa-6694	107	17	investors	investor	NOUN
ajfa-6694	107	18	.	.	PUNCT
ajfa-6694	108	1	h-3	h-3	PROPN
ajfa-6694	108	2	:	:	PUNCT
ajfa-6694	108	3	inflation	inflation	NOUN
ajfa-6694	108	4	has	have	VERB
ajfa-6694	108	5	positive	positive	ADJ
ajfa-6694	108	6	influence	influence	NOUN
ajfa-6694	108	7	to	to	ADP
ajfa-6694	108	8	the	the	DET
ajfa-6694	108	9	country	country	NOUN
ajfa-6694	108	10	risk	risk	NOUN
ajfa-6694	108	11	in	in	ADP
ajfa-6694	108	12	indonesia	indonesia	PROPN
ajfa-6694	108	13	.	.	PUNCT
ajfa-6694	109	1	the	the	DET
ajfa-6694	109	2	economic	economic	ADJ
ajfa-6694	109	3	growth	growth	NOUN
ajfa-6694	109	4	of	of	ADP
ajfa-6694	109	5	a	a	DET
ajfa-6694	109	6	country	country	NOUN
ajfa-6694	109	7	is	be	AUX
ajfa-6694	109	8	frequently	frequently	ADV
ajfa-6694	109	9	used	use	VERB
ajfa-6694	109	10	as	as	ADP
ajfa-6694	109	11	a	a	DET
ajfa-6694	109	12	macroeconomic	macroeconomic	ADJ
ajfa-6694	109	13	barometer	barometer	NOUN
ajfa-6694	109	14	to	to	PART
ajfa-6694	109	15	predict	predict	VERB
ajfa-6694	109	16	the	the	DET
ajfa-6694	109	17	investment	investment	NOUN
ajfa-6694	109	18	condition	condition	NOUN
ajfa-6694	109	19	in	in	ADP
ajfa-6694	109	20	a	a	DET
ajfa-6694	109	21	certain	certain	ADJ
ajfa-6694	109	22	country	country	NOUN
ajfa-6694	109	23	.	.	PUNCT
ajfa-6694	110	1	the	the	DET
ajfa-6694	110	2	increase	increase	NOUN
ajfa-6694	110	3	of	of	ADP
ajfa-6694	110	4	economic	economic	ADJ
ajfa-6694	110	5	growth	growth	NOUN
ajfa-6694	110	6	of	of	ADP
ajfa-6694	110	7	a	a	DET
ajfa-6694	110	8	country	country	NOUN
ajfa-6694	110	9	can	can	AUX
ajfa-6694	110	10	increase	increase	VERB
ajfa-6694	110	11	the	the	DET
ajfa-6694	110	12	income	income	NOUN
ajfa-6694	110	13	per	per	ADP
ajfa-6694	110	14	capita	capita	NOUN
ajfa-6694	110	15	of	of	ADP
ajfa-6694	110	16	the	the	DET
ajfa-6694	110	17	community	community	NOUN
ajfa-6694	110	18	so	so	SCONJ
ajfa-6694	110	19	that	that	SCONJ
ajfa-6694	110	20	their	their	PRON
ajfa-6694	110	21	purchasing	purchase	VERB
ajfa-6694	110	22	power	power	NOUN
ajfa-6694	110	23	increases	increase	NOUN
ajfa-6694	110	24	and	and	CCONJ
ajfa-6694	110	25	in	in	ADP
ajfa-6694	110	26	the	the	DET
ajfa-6694	110	27	end	end	NOUN
ajfa-6694	110	28	it	it	PRON
ajfa-6694	110	29	increases	increase	VERB
ajfa-6694	110	30	the	the	DET
ajfa-6694	110	31	company	company	NOUN
ajfa-6694	110	32	profitability	profitability	NOUN
ajfa-6694	110	33	.	.	PUNCT
ajfa-6694	111	1	some	some	DET
ajfa-6694	111	2	studies	study	NOUN
ajfa-6694	111	3	conducted	conduct	VERB
ajfa-6694	111	4	by	by	ADP
ajfa-6694	111	5	kharas	kharas	PROPN
ajfa-6694	111	6	(	(	PUNCT
ajfa-6694	111	7	1984	1984	NUM
ajfa-6694	111	8	)	)	PUNCT
ajfa-6694	111	9	,	,	PUNCT
ajfa-6694	111	10	abel	abel	PROPN
ajfa-6694	111	11	and	and	CCONJ
ajfa-6694	111	12	krueger	krueger	PROPN
ajfa-6694	111	13	(	(	PUNCT
ajfa-6694	111	14	1989	1989	NUM
ajfa-6694	111	15	)	)	PUNCT
ajfa-6694	111	16	,	,	PUNCT
ajfa-6694	111	17	soussanov	soussanov	PROPN
ajfa-6694	111	18	(	(	PUNCT
ajfa-6694	111	19	2002	2002	NUM
ajfa-6694	111	20	)	)	PUNCT
ajfa-6694	111	21	,	,	PUNCT
ajfa-6694	111	22	grandes	grande	NOUN
ajfa-6694	111	23	(	(	PUNCT
ajfa-6694	111	24	2002	2002	NUM
ajfa-6694	111	25	)	)	PUNCT
ajfa-6694	111	26	,	,	PUNCT
ajfa-6694	111	27	vij	vij	PROPN
ajfa-6694	111	28	and	and	CCONJ
ajfa-6694	111	29	kapoor	kapoor	PROPN
ajfa-6694	111	30	asian	asian	PROPN
ajfa-6694	111	31	journal	journal	PROPN
ajfa-6694	111	32	of	of	ADP
ajfa-6694	111	33	finance	finance	PROPN
ajfa-6694	111	34	&	&	CCONJ
ajfa-6694	111	35	accounting	accounting	PROPN
ajfa-6694	111	36	issn	issn	PROPN
ajfa-6694	111	37	1946	1946	NUM
ajfa-6694	111	38	-	-	PUNCT
ajfa-6694	111	39	052x	052x	NOUN
ajfa-6694	111	40	2015	2015	NUM
ajfa-6694	111	41	,	,	PUNCT
ajfa-6694	111	42	vol	vol	NOUN
ajfa-6694	111	43	.	.	PROPN
ajfa-6694	111	44	7	7	NUM
ajfa-6694	111	45	,	,	PUNCT
ajfa-6694	111	46	no	no	INTJ
ajfa-6694	111	47	.	.	NOUN
ajfa-6694	111	48	1	1	NUM
ajfa-6694	111	49	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6694	111	50	160	160	NUM
ajfa-6694	111	51	(	(	PUNCT
ajfa-6694	111	52	2007	2007	NUM
ajfa-6694	111	53	)	)	PUNCT
ajfa-6694	111	54	,	,	PUNCT
ajfa-6694	111	55	also	also	ADV
ajfa-6694	111	56	topak	topak	NOUN
ajfa-6694	111	57	and	and	CCONJ
ajfa-6694	111	58	muzir	muzir	NOUN
ajfa-6694	111	59	(	(	PUNCT
ajfa-6694	111	60	2011	2011	NUM
ajfa-6694	111	61	)	)	PUNCT
ajfa-6694	111	62	declared	declare	VERB
ajfa-6694	111	63	that	that	SCONJ
ajfa-6694	111	64	the	the	DET
ajfa-6694	111	65	relationship	relationship	NOUN
ajfa-6694	111	66	between	between	ADP
ajfa-6694	111	67	gross	gross	ADJ
ajfa-6694	111	68	domestic	domestic	ADJ
ajfa-6694	111	69	product	product	NOUN
ajfa-6694	111	70	(	(	PUNCT
ajfa-6694	111	71	gdp	gdp	NOUN
ajfa-6694	111	72	)	)	PUNCT
ajfa-6694	111	73	and	and	CCONJ
ajfa-6694	111	74	country	country	NOUN
ajfa-6694	111	75	risk	risk	NOUN
ajfa-6694	111	76	was	be	AUX
ajfa-6694	111	77	negative	negative	ADJ
ajfa-6694	111	78	.	.	PUNCT
ajfa-6694	112	1	h-4	h-4	PROPN
ajfa-6694	112	2	:	:	PUNCT
ajfa-6694	112	3	indonesian	indonesian	ADJ
ajfa-6694	112	4	economic	economic	ADJ
ajfa-6694	112	5	growth	growth	NOUN
ajfa-6694	112	6	has	have	VERB
ajfa-6694	112	7	negative	negative	ADJ
ajfa-6694	112	8	influence	influence	NOUN
ajfa-6694	112	9	to	to	ADP
ajfa-6694	112	10	the	the	DET
ajfa-6694	112	11	country	country	NOUN
ajfa-6694	112	12	risk	risk	NOUN
ajfa-6694	112	13	in	in	ADP
ajfa-6694	112	14	indonesia	indonesia	PROPN
ajfa-6694	112	15	.	.	PUNCT
ajfa-6694	113	1	the	the	DET
ajfa-6694	113	2	increase	increase	NOUN
ajfa-6694	113	3	of	of	ADP
ajfa-6694	113	4	the	the	DET
ajfa-6694	113	5	world	world	NOUN
ajfa-6694	113	6	oil	oil	NOUN
ajfa-6694	113	7	price	price	NOUN
ajfa-6694	113	8	also	also	ADV
ajfa-6694	113	9	gives	give	VERB
ajfa-6694	113	10	pressure	pressure	NOUN
ajfa-6694	113	11	to	to	ADP
ajfa-6694	113	12	the	the	DET
ajfa-6694	113	13	exchange	exchange	NOUN
ajfa-6694	113	14	rate	rate	NOUN
ajfa-6694	113	15	so	so	SCONJ
ajfa-6694	113	16	that	that	SCONJ
ajfa-6694	113	17	it	it	PRON
ajfa-6694	113	18	increases	increase	VERB
ajfa-6694	113	19	the	the	DET
ajfa-6694	113	20	demand	demand	NOUN
ajfa-6694	113	21	for	for	ADP
ajfa-6694	113	22	foreign	foreign	ADJ
ajfa-6694	113	23	currency	currency	NOUN
ajfa-6694	113	24	from	from	ADP
ajfa-6694	113	25	the	the	DET
ajfa-6694	113	26	economic	economic	ADJ
ajfa-6694	113	27	doers	doer	NOUN
ajfa-6694	113	28	in	in	ADP
ajfa-6694	113	29	order	order	NOUN
ajfa-6694	113	30	to	to	PART
ajfa-6694	113	31	fulfill	fulfill	VERB
ajfa-6694	113	32	their	their	PRON
ajfa-6694	113	33	import	import	NOUN
ajfa-6694	113	34	needs	need	NOUN
ajfa-6694	113	35	,	,	PUNCT
ajfa-6694	113	36	so	so	SCONJ
ajfa-6694	113	37	that	that	SCONJ
ajfa-6694	113	38	the	the	DET
ajfa-6694	113	39	increase	increase	NOUN
ajfa-6694	113	40	of	of	ADP
ajfa-6694	113	41	oil	oil	NOUN
ajfa-6694	113	42	price	price	NOUN
ajfa-6694	113	43	is	be	AUX
ajfa-6694	113	44	a	a	DET
ajfa-6694	113	45	bad	bad	ADJ
ajfa-6694	113	46	news	news	NOUN
ajfa-6694	113	47	for	for	ADP
ajfa-6694	113	48	the	the	DET
ajfa-6694	113	49	market	market	NOUN
ajfa-6694	113	50	in	in	ADP
ajfa-6694	113	51	general	general	ADJ
ajfa-6694	113	52	and	and	CCONJ
ajfa-6694	113	53	has	have	VERB
ajfa-6694	113	54	negative	negative	ADJ
ajfa-6694	113	55	impact	impact	NOUN
ajfa-6694	113	56	to	to	ADP
ajfa-6694	113	57	the	the	DET
ajfa-6694	113	58	movement	movement	NOUN
ajfa-6694	113	59	of	of	ADP
ajfa-6694	113	60	stock	stock	NOUN
ajfa-6694	113	61	price	price	NOUN
ajfa-6694	113	62	.	.	PUNCT
ajfa-6694	114	1	the	the	DET
ajfa-6694	114	2	uncertainty	uncertainty	NOUN
ajfa-6694	114	3	of	of	ADP
ajfa-6694	114	4	this	this	DET
ajfa-6694	114	5	world	world	NOUN
ajfa-6694	114	6	oil	oil	NOUN
ajfa-6694	114	7	price	price	NOUN
ajfa-6694	114	8	makes	make	VERB
ajfa-6694	114	9	the	the	DET
ajfa-6694	114	10	investors	investor	NOUN
ajfa-6694	114	11	more	more	ADV
ajfa-6694	114	12	doubtful	doubtful	ADJ
ajfa-6694	114	13	to	to	PART
ajfa-6694	114	14	make	make	VERB
ajfa-6694	114	15	investment	investment	NOUN
ajfa-6694	114	16	at	at	ADP
ajfa-6694	114	17	the	the	DET
ajfa-6694	114	18	stock	stock	NOUN
ajfa-6694	114	19	market	market	NOUN
ajfa-6694	114	20	,	,	PUNCT
ajfa-6694	114	21	so	so	SCONJ
ajfa-6694	114	22	that	that	SCONJ
ajfa-6694	114	23	it	it	PRON
ajfa-6694	114	24	gives	give	VERB
ajfa-6694	114	25	impact	impact	NOUN
ajfa-6694	114	26	to	to	ADP
ajfa-6694	114	27	the	the	DET
ajfa-6694	114	28	economy	economy	NOUN
ajfa-6694	114	29	of	of	ADP
ajfa-6694	114	30	the	the	DET
ajfa-6694	114	31	said	say	VERB
ajfa-6694	114	32	country	country	NOUN
ajfa-6694	114	33	.	.	PUNCT
ajfa-6694	115	1	the	the	DET
ajfa-6694	115	2	studies	study	NOUN
ajfa-6694	115	3	conducted	conduct	VERB
ajfa-6694	115	4	by	by	ADP
ajfa-6694	115	5	verma	verma	PROPN
ajfa-6694	115	6	and	and	CCONJ
ajfa-6694	115	7	soydemir	soydemir	NOUN
ajfa-6694	115	8	(	(	PUNCT
ajfa-6694	115	9	2006	2006	NUM
ajfa-6694	115	10	)	)	PUNCT
ajfa-6694	115	11	,	,	PUNCT
ajfa-6694	115	12	and	and	CCONJ
ajfa-6694	115	13	verbenik	verbenik	VERB
ajfa-6694	115	14	et	et	PROPN
ajfa-6694	115	15	al	al	PROPN
ajfa-6694	115	16	.	.	PROPN
ajfa-6694	115	17	(	(	PUNCT
ajfa-6694	115	18	2011	2011	NUM
ajfa-6694	115	19	)	)	PUNCT
ajfa-6694	115	20	stated	state	VERB
ajfa-6694	115	21	that	that	SCONJ
ajfa-6694	115	22	the	the	DET
ajfa-6694	115	23	global	global	ADJ
ajfa-6694	115	24	factor	factor	NOUN
ajfa-6694	115	25	gave	give	VERB
ajfa-6694	115	26	more	more	ADJ
ajfa-6694	115	27	influence	influence	NOUN
ajfa-6694	115	28	to	to	ADP
ajfa-6694	115	29	the	the	DET
ajfa-6694	115	30	country	country	NOUN
ajfa-6694	115	31	risk	risk	NOUN
ajfa-6694	115	32	of	of	ADP
ajfa-6694	115	33	the	the	DET
ajfa-6694	115	34	said	say	VERB
ajfa-6694	115	35	country	country	NOUN
ajfa-6694	115	36	.	.	PUNCT
ajfa-6694	116	1	h-5	h-5	PROPN
ajfa-6694	116	2	:	:	PUNCT
ajfa-6694	116	3	the	the	DET
ajfa-6694	116	4	world	world	NOUN
ajfa-6694	116	5	oil	oil	NOUN
ajfa-6694	116	6	price	price	NOUN
ajfa-6694	116	7	has	have	VERB
ajfa-6694	116	8	positive	positive	ADJ
ajfa-6694	116	9	influence	influence	NOUN
ajfa-6694	116	10	to	to	ADP
ajfa-6694	116	11	the	the	DET
ajfa-6694	116	12	country	country	NOUN
ajfa-6694	116	13	risk	risk	NOUN
ajfa-6694	116	14	in	in	ADP
ajfa-6694	116	15	indonesia	indonesia	PROPN
ajfa-6694	116	16	.	.	PUNCT
ajfa-6694	117	1	the	the	DET
ajfa-6694	117	2	increase	increase	NOUN
ajfa-6694	117	3	of	of	ADP
ajfa-6694	117	4	the	the	DET
ajfa-6694	117	5	fed	fed	PROPN
ajfa-6694	117	6	decreases	decrease	VERB
ajfa-6694	117	7	the	the	DET
ajfa-6694	117	8	stock	stock	NOUN
ajfa-6694	117	9	prices	price	NOUN
ajfa-6694	117	10	in	in	ADP
ajfa-6694	117	11	us	we	PRON
ajfa-6694	117	12	,	,	PUNCT
ajfa-6694	117	13	so	so	SCONJ
ajfa-6694	117	14	that	that	SCONJ
ajfa-6694	117	15	it	it	PRON
ajfa-6694	117	16	makes	make	VERB
ajfa-6694	117	17	the	the	DET
ajfa-6694	117	18	global	global	ADJ
ajfa-6694	117	19	market	market	NOUN
ajfa-6694	117	20	doers	doer	NOUN
ajfa-6694	117	21	withdraw	withdraw	VERB
ajfa-6694	117	22	their	their	PRON
ajfa-6694	117	23	investment	investment	NOUN
ajfa-6694	117	24	from	from	ADP
ajfa-6694	117	25	the	the	DET
ajfa-6694	117	26	us	us	PROPN
ajfa-6694	117	27	stock	stock	NOUN
ajfa-6694	117	28	market	market	NOUN
ajfa-6694	117	29	and	and	CCONJ
ajfa-6694	117	30	transfer	transfer	VERB
ajfa-6694	117	31	them	they	PRON
ajfa-6694	117	32	to	to	ADP
ajfa-6694	117	33	some	some	DET
ajfa-6694	117	34	other	other	ADJ
ajfa-6694	117	35	stock	stock	NOUN
ajfa-6694	117	36	markets	market	NOUN
ajfa-6694	117	37	potentially	potentially	ADV
ajfa-6694	117	38	giving	give	VERB
ajfa-6694	117	39	the	the	DET
ajfa-6694	117	40	profits	profit	NOUN
ajfa-6694	117	41	.	.	PUNCT
ajfa-6694	118	1	verma	verma	PROPN
ajfa-6694	118	2	and	and	CCONJ
ajfa-6694	118	3	soydemir	soydemir	NOUN
ajfa-6694	118	4	(	(	PUNCT
ajfa-6694	118	5	2006	2006	NUM
ajfa-6694	118	6	)	)	PUNCT
ajfa-6694	118	7	said	say	VERB
ajfa-6694	118	8	that	that	SCONJ
ajfa-6694	118	9	the	the	DET
ajfa-6694	118	10	influence	influence	NOUN
ajfa-6694	118	11	of	of	ADP
ajfa-6694	118	12	the	the	DET
ajfa-6694	118	13	us	us	PROPN
ajfa-6694	118	14	interest	interest	NOUN
ajfa-6694	118	15	rate	rate	NOUN
ajfa-6694	118	16	to	to	ADP
ajfa-6694	118	17	the	the	DET
ajfa-6694	118	18	country	country	NOUN
ajfa-6694	118	19	risk	risk	NOUN
ajfa-6694	118	20	was	be	AUX
ajfa-6694	118	21	negative	negative	ADJ
ajfa-6694	118	22	h-6	h-6	NOUN
ajfa-6694	118	23	:	:	PUNCT
ajfa-6694	118	24	the	the	DET
ajfa-6694	118	25	fed	fed	PROPN
ajfa-6694	118	26	has	have	VERB
ajfa-6694	118	27	negative	negative	ADJ
ajfa-6694	118	28	influence	influence	NOUN
ajfa-6694	118	29	to	to	ADP
ajfa-6694	118	30	the	the	DET
ajfa-6694	118	31	country	country	NOUN
ajfa-6694	118	32	risk	risk	NOUN
ajfa-6694	118	33	in	in	ADP
ajfa-6694	118	34	indonesia	indonesia	PROPN
ajfa-6694	118	35	.	.	PUNCT
ajfa-6694	119	1	the	the	DET
ajfa-6694	119	2	slowing	slow	VERB
ajfa-6694	119	3	down	down	ADP
ajfa-6694	119	4	of	of	ADP
ajfa-6694	119	5	the	the	DET
ajfa-6694	119	6	economy	economy	NOUN
ajfa-6694	119	7	of	of	ADP
ajfa-6694	119	8	the	the	DET
ajfa-6694	119	9	advanced	advanced	ADJ
ajfa-6694	119	10	countries	country	NOUN
ajfa-6694	119	11	gives	give	VERB
ajfa-6694	119	12	impact	impact	NOUN
ajfa-6694	119	13	to	to	ADP
ajfa-6694	119	14	the	the	DET
ajfa-6694	119	15	slower	slow	ADJ
ajfa-6694	119	16	down	down	ADP
ajfa-6694	119	17	of	of	ADP
ajfa-6694	119	18	the	the	DET
ajfa-6694	119	19	economic	economic	ADJ
ajfa-6694	119	20	growth	growth	NOUN
ajfa-6694	119	21	of	of	ADP
ajfa-6694	119	22	the	the	DET
ajfa-6694	119	23	emerging	emerge	VERB
ajfa-6694	119	24	market	market	NOUN
ajfa-6694	119	25	countries	country	NOUN
ajfa-6694	119	26	.	.	PUNCT
ajfa-6694	120	1	the	the	DET
ajfa-6694	120	2	indonesia	indonesia	PROPN
ajfa-6694	120	3	stock	stock	NOUN
ajfa-6694	120	4	market	market	NOUN
ajfa-6694	120	5	is	be	AUX
ajfa-6694	120	6	an	an	DET
ajfa-6694	120	7	inseparable	inseparable	ADJ
ajfa-6694	120	8	part	part	NOUN
ajfa-6694	120	9	of	of	ADP
ajfa-6694	120	10	the	the	DET
ajfa-6694	120	11	global	global	ADJ
ajfa-6694	120	12	stock	stock	NOUN
ajfa-6694	120	13	market	market	NOUN
ajfa-6694	120	14	activities	activity	NOUN
ajfa-6694	120	15	,	,	PUNCT
ajfa-6694	120	16	so	so	SCONJ
ajfa-6694	120	17	that	that	SCONJ
ajfa-6694	120	18	its	its	PRON
ajfa-6694	120	19	development	development	NOUN
ajfa-6694	120	20	is	be	AUX
ajfa-6694	120	21	very	very	ADV
ajfa-6694	120	22	vulnerable	vulnerable	ADJ
ajfa-6694	120	23	to	to	ADP
ajfa-6694	120	24	the	the	DET
ajfa-6694	120	25	macroeconomic	macroeconomic	ADJ
ajfa-6694	120	26	condition	condition	NOUN
ajfa-6694	120	27	in	in	ADP
ajfa-6694	120	28	general	general	ADJ
ajfa-6694	120	29	.	.	PUNCT
ajfa-6694	121	1	this	this	PRON
ajfa-6694	121	2	indicates	indicate	VERB
ajfa-6694	121	3	that	that	SCONJ
ajfa-6694	121	4	there	there	PRON
ajfa-6694	121	5	is	be	VERB
ajfa-6694	121	6	a	a	DET
ajfa-6694	121	7	domino	domino	NOUN
ajfa-6694	121	8	effect	effect	NOUN
ajfa-6694	121	9	(	(	PUNCT
ajfa-6694	121	10	contagion	contagion	NOUN
ajfa-6694	121	11	effect	effect	NOUN
ajfa-6694	121	12	)	)	PUNCT
ajfa-6694	121	13	of	of	ADP
ajfa-6694	121	14	a	a	DET
ajfa-6694	121	15	certain	certain	ADJ
ajfa-6694	121	16	country	country	NOUN
ajfa-6694	121	17	to	to	ADP
ajfa-6694	121	18	the	the	DET
ajfa-6694	121	19	other	other	ADJ
ajfa-6694	121	20	countries	country	NOUN
ajfa-6694	121	21	which	which	PRON
ajfa-6694	121	22	is	be	AUX
ajfa-6694	121	23	able	able	ADJ
ajfa-6694	121	24	to	to	PART
ajfa-6694	121	25	influence	influence	VERB
ajfa-6694	121	26	the	the	DET
ajfa-6694	121	27	economic	economic	ADJ
ajfa-6694	121	28	condition	condition	NOUN
ajfa-6694	121	29	or	or	CCONJ
ajfa-6694	121	30	stock	stock	NOUN
ajfa-6694	121	31	market	market	NOUN
ajfa-6694	121	32	of	of	ADP
ajfa-6694	121	33	the	the	DET
ajfa-6694	121	34	other	other	ADJ
ajfa-6694	121	35	countries	country	NOUN
ajfa-6694	121	36	.	.	PUNCT
ajfa-6694	122	1	h-7	h-7	PROPN
ajfa-6694	122	2	:	:	PUNCT
ajfa-6694	123	1	the	the	DET
ajfa-6694	123	2	world	world	NOUN
ajfa-6694	123	3	economic	economic	PROPN
ajfa-6694	123	4	has	have	VERB
ajfa-6694	123	5	positive	positive	ADJ
ajfa-6694	123	6	influence	influence	NOUN
ajfa-6694	123	7	to	to	ADP
ajfa-6694	123	8	country	country	NOUN
ajfa-6694	123	9	risk	risk	NOUN
ajfa-6694	123	10	in	in	ADP
ajfa-6694	123	11	indonesia	indonesia	PROPN
ajfa-6694	123	12	.	.	PUNCT
ajfa-6694	124	1	the	the	DET
ajfa-6694	124	2	foreign	foreign	ADJ
ajfa-6694	124	3	transaction	transaction	NOUN
ajfa-6694	124	4	also	also	ADV
ajfa-6694	124	5	gives	give	VERB
ajfa-6694	124	6	a	a	DET
ajfa-6694	124	7	contribution	contribution	NOUN
ajfa-6694	124	8	in	in	ADP
ajfa-6694	124	9	determining	determine	VERB
ajfa-6694	124	10	the	the	DET
ajfa-6694	124	11	stock	stock	NOUN
ajfa-6694	124	12	price	price	NOUN
ajfa-6694	124	13	movement	movement	NOUN
ajfa-6694	124	14	in	in	ADP
ajfa-6694	124	15	indonesia	indonesia	PROPN
ajfa-6694	124	16	.	.	PUNCT
ajfa-6694	125	1	during	during	ADP
ajfa-6694	125	2	the	the	DET
ajfa-6694	125	3	time	time	NOUN
ajfa-6694	125	4	of	of	ADP
ajfa-6694	125	5	the	the	DET
ajfa-6694	125	6	increase	increase	NOUN
ajfa-6694	125	7	of	of	ADP
ajfa-6694	125	8	foreign	foreign	ADJ
ajfa-6694	125	9	capital	capital	NOUN
ajfa-6694	125	10	inflow	inflow	NOUN
ajfa-6694	125	11	to	to	ADP
ajfa-6694	125	12	indonesia	indonesia	PROPN
ajfa-6694	125	13	,	,	PUNCT
ajfa-6694	125	14	it	it	PRON
ajfa-6694	125	15	is	be	AUX
ajfa-6694	125	16	also	also	ADV
ajfa-6694	125	17	a	a	DET
ajfa-6694	125	18	positive	positive	ADJ
ajfa-6694	125	19	signal	signal	NOUN
ajfa-6694	125	20	for	for	ADP
ajfa-6694	125	21	the	the	DET
ajfa-6694	125	22	domestic	domestic	ADJ
ajfa-6694	125	23	investors	investor	NOUN
ajfa-6694	125	24	and	and	CCONJ
ajfa-6694	125	25	the	the	DET
ajfa-6694	125	26	stock	stock	NOUN
ajfa-6694	125	27	market	market	NOUN
ajfa-6694	125	28	,	,	PUNCT
ajfa-6694	125	29	because	because	SCONJ
ajfa-6694	125	30	the	the	DET
ajfa-6694	125	31	foreign	foreign	ADJ
ajfa-6694	125	32	capital	capital	NOUN
ajfa-6694	125	33	inflow	inflow	NOUN
ajfa-6694	125	34	into	into	ADP
ajfa-6694	125	35	indonesia	indonesia	PROPN
ajfa-6694	125	36	will	will	AUX
ajfa-6694	125	37	attract	attract	VERB
ajfa-6694	125	38	the	the	DET
ajfa-6694	125	39	domestic	domestic	ADJ
ajfa-6694	125	40	investors	investor	NOUN
ajfa-6694	125	41	to	to	PART
ajfa-6694	125	42	invest	invest	VERB
ajfa-6694	125	43	.	.	PUNCT
ajfa-6694	126	1	the	the	DET
ajfa-6694	126	2	foreign	foreign	ADJ
ajfa-6694	126	3	transaction	transaction	NOUN
ajfa-6694	126	4	disparity	disparity	NOUN
ajfa-6694	126	5	between	between	ADP
ajfa-6694	126	6	the	the	DET
ajfa-6694	126	7	net	net	ADJ
ajfa-6694	126	8	purchase	purchase	NOUN
ajfa-6694	126	9	and	and	CCONJ
ajfa-6694	126	10	the	the	DET
ajfa-6694	126	11	net	net	ADJ
ajfa-6694	126	12	sale	sale	NOUN
ajfa-6694	126	13	will	will	AUX
ajfa-6694	126	14	be	be	AUX
ajfa-6694	126	15	able	able	ADJ
ajfa-6694	126	16	to	to	PART
ajfa-6694	126	17	influence	influence	VERB
ajfa-6694	126	18	the	the	DET
ajfa-6694	126	19	ihsg	ihsg	NOUN
ajfa-6694	126	20	(	(	PUNCT
ajfa-6694	126	21	composite	composite	ADJ
ajfa-6694	126	22	stock	stock	NOUN
ajfa-6694	126	23	price	price	NOUN
ajfa-6694	126	24	index	index	NOUN
ajfa-6694	126	25	)	)	PUNCT
ajfa-6694	126	26	.	.	PUNCT
ajfa-6694	127	1	h-8	h-8	NOUN
ajfa-6694	127	2	:	:	PUNCT
ajfa-6694	127	3	foreign	foreign	ADJ
ajfa-6694	127	4	transaction	transaction	NOUN
ajfa-6694	127	5	value	value	NOUN
ajfa-6694	127	6	has	have	VERB
ajfa-6694	127	7	negative	negative	ADJ
ajfa-6694	127	8	influence	influence	NOUN
ajfa-6694	127	9	to	to	ADP
ajfa-6694	127	10	country	country	NOUN
ajfa-6694	127	11	risk	risk	NOUN
ajfa-6694	127	12	in	in	ADP
ajfa-6694	127	13	indonesia	indonesia	PROPN
ajfa-6694	127	14	.	.	PUNCT
ajfa-6694	128	1	the	the	DET
ajfa-6694	128	2	indonesian	indonesian	ADJ
ajfa-6694	128	3	stock	stock	NOUN
ajfa-6694	128	4	market	market	NOUN
ajfa-6694	128	5	through	through	ADP
ajfa-6694	128	6	the	the	DET
ajfa-6694	128	7	indonesian	indonesian	ADJ
ajfa-6694	128	8	stock	stock	PROPN
ajfa-6694	128	9	exchange	exchange	PROPN
ajfa-6694	128	10	is	be	AUX
ajfa-6694	128	11	the	the	DET
ajfa-6694	128	12	inseparable	inseparable	ADJ
ajfa-6694	128	13	part	part	NOUN
ajfa-6694	128	14	of	of	ADP
ajfa-6694	128	15	the	the	DET
ajfa-6694	128	16	global	global	ADJ
ajfa-6694	128	17	stock	stock	PROPN
ajfa-6694	128	18	exchange	exchange	NOUN
ajfa-6694	128	19	activities	activity	NOUN
ajfa-6694	128	20	.	.	PUNCT
ajfa-6694	129	1	the	the	DET
ajfa-6694	129	2	world	world	PROPN
ajfa-6694	129	3	stock	stock	PROPN
ajfa-6694	129	4	index	index	PROPN
ajfa-6694	129	5	,	,	PUNCT
ajfa-6694	129	6	such	such	ADJ
ajfa-6694	129	7	as	as	ADP
ajfa-6694	129	8	msci	msci	PROPN
ajfa-6694	129	9	acwi	acwi	VERB
ajfa-6694	129	10	imi	imi	PROPN
ajfa-6694	129	11	constituting	constitute	VERB
ajfa-6694	129	12	the	the	DET
ajfa-6694	129	13	benchmark	benchmark	NOUN
ajfa-6694	129	14	of	of	ADP
ajfa-6694	129	15	the	the	DET
ajfa-6694	129	16	world	world	NOUN
ajfa-6694	129	17	stock	stock	NOUN
ajfa-6694	129	18	market	market	NOUN
ajfa-6694	129	19	,	,	PUNCT
ajfa-6694	129	20	is	be	AUX
ajfa-6694	129	21	expected	expect	VERB
ajfa-6694	129	22	to	to	PART
ajfa-6694	129	23	be	be	AUX
ajfa-6694	129	24	able	able	ADJ
ajfa-6694	129	25	to	to	PART
ajfa-6694	129	26	illustrate	illustrate	VERB
ajfa-6694	129	27	the	the	DET
ajfa-6694	129	28	real	real	ADJ
ajfa-6694	129	29	condition	condition	NOUN
ajfa-6694	129	30	of	of	ADP
ajfa-6694	129	31	the	the	DET
ajfa-6694	129	32	world	world	NOUN
ajfa-6694	129	33	stock	stock	NOUN
ajfa-6694	129	34	exchange	exchange	PROPN
ajfa-6694	129	35	.	.	PUNCT
ajfa-6694	130	1	the	the	DET
ajfa-6694	130	2	high	high	ADJ
ajfa-6694	130	3	return	return	NOUN
ajfa-6694	130	4	of	of	ADP
ajfa-6694	130	5	msci	msci	PROPN
ajfa-6694	130	6	illustrates	illustrate	VERB
ajfa-6694	130	7	the	the	DET
ajfa-6694	130	8	condition	condition	NOUN
ajfa-6694	130	9	of	of	ADP
ajfa-6694	130	10	the	the	DET
ajfa-6694	130	11	world	world	NOUN
ajfa-6694	130	12	stock	stock	PROPN
ajfa-6694	130	13	exchange	exchange	NOUN
ajfa-6694	130	14	which	which	PRON
ajfa-6694	130	15	tends	tend	VERB
ajfa-6694	130	16	to	to	PART
ajfa-6694	130	17	be	be	AUX
ajfa-6694	130	18	bullish	bullish	ADJ
ajfa-6694	130	19	,	,	PUNCT
ajfa-6694	130	20	or	or	CCONJ
ajfa-6694	130	21	the	the	DET
ajfa-6694	130	22	contrary	contrary	ADJ
ajfa-6694	130	23	–	–	PUNCT
ajfa-6694	130	24	the	the	DET
ajfa-6694	130	25	low	low	ADJ
ajfa-6694	130	26	return	return	NOUN
ajfa-6694	130	27	of	of	ADP
ajfa-6694	130	28	msci	msci	PROPN
ajfa-6694	130	29	acwi	acwi	PROPN
ajfa-6694	130	30	imi	imi	PROPN
ajfa-6694	130	31	illustrates	illustrate	VERB
ajfa-6694	130	32	the	the	DET
ajfa-6694	130	33	world	world	NOUN
ajfa-6694	130	34	stock	stock	NOUN
ajfa-6694	130	35	exchange	exchange	NOUN
ajfa-6694	130	36	conditions	condition	NOUN
ajfa-6694	130	37	having	have	VERB
ajfa-6694	130	38	the	the	DET
ajfa-6694	130	39	tendency	tendency	NOUN
ajfa-6694	130	40	to	to	PART
ajfa-6694	130	41	be	be	AUX
ajfa-6694	130	42	asian	asian	ADJ
ajfa-6694	130	43	journal	journal	NOUN
ajfa-6694	130	44	of	of	ADP
ajfa-6694	130	45	finance	finance	PROPN
ajfa-6694	130	46	&	&	CCONJ
ajfa-6694	130	47	accounting	accounting	PROPN
ajfa-6694	130	48	issn	issn	PROPN
ajfa-6694	130	49	1946	1946	NUM
ajfa-6694	130	50	-	-	PUNCT
ajfa-6694	130	51	052x	052x	NOUN
ajfa-6694	130	52	2015	2015	NUM
ajfa-6694	130	53	,	,	PUNCT
ajfa-6694	130	54	vol	vol	NOUN
ajfa-6694	130	55	.	.	PROPN
ajfa-6694	131	1	7	7	NUM
ajfa-6694	131	2	,	,	PUNCT
ajfa-6694	131	3	no	no	INTJ
ajfa-6694	131	4	.	.	NOUN
ajfa-6694	131	5	1	1	NUM
ajfa-6694	131	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6694	131	7	161	161	NUM
ajfa-6694	131	8	bearish	bearish	ADJ
ajfa-6694	131	9	,	,	PUNCT
ajfa-6694	131	10	so	so	SCONJ
ajfa-6694	131	11	that	that	SCONJ
ajfa-6694	131	12	it	it	PRON
ajfa-6694	131	13	is	be	AUX
ajfa-6694	131	14	surely	surely	ADV
ajfa-6694	131	15	confirmed	confirm	VERB
ajfa-6694	131	16	to	to	PART
ajfa-6694	131	17	make	make	VERB
ajfa-6694	131	18	investment	investment	NOUN
ajfa-6694	131	19	at	at	ADP
ajfa-6694	131	20	the	the	DET
ajfa-6694	131	21	stock	stock	NOUN
ajfa-6694	131	22	exchange	exchange	NOUN
ajfa-6694	131	23	having	have	VERB
ajfa-6694	131	24	the	the	DET
ajfa-6694	131	25	high	high	ADJ
ajfa-6694	131	26	risk	risk	NOUN
ajfa-6694	131	27	.	.	PUNCT
ajfa-6694	132	1	h-8	h-8	NOUN
ajfa-6694	132	2	:	:	PUNCT
ajfa-6694	132	3	the	the	DET
ajfa-6694	132	4	return	return	NOUN
ajfa-6694	132	5	of	of	ADP
ajfa-6694	132	6	msci	msci	PROPN
ajfa-6694	132	7	acwi	acwi	PROPN
ajfa-6694	132	8	imi	imi	PROPN
ajfa-6694	132	9	has	have	VERB
ajfa-6694	132	10	negative	negative	ADJ
ajfa-6694	132	11	influence	influence	NOUN
ajfa-6694	132	12	to	to	ADP
ajfa-6694	132	13	country	country	NOUN
ajfa-6694	132	14	risk	risk	NOUN
ajfa-6694	132	15	in	in	ADP
ajfa-6694	132	16	indonesia	indonesia	PROPN
ajfa-6694	132	17	.	.	PUNCT
ajfa-6694	133	1	4	4	X
ajfa-6694	133	2	.	.	X
ajfa-6694	133	3	methodology	methodology	NOUN
ajfa-6694	133	4	4.1	4.1	NUM
ajfa-6694	133	5	data	datum	NOUN
ajfa-6694	133	6	and	and	CCONJ
ajfa-6694	133	7	source	source	VERB
ajfa-6694	133	8	the	the	DET
ajfa-6694	133	9	data	datum	NOUN
ajfa-6694	133	10	applied	apply	VERB
ajfa-6694	133	11	in	in	ADP
ajfa-6694	133	12	this	this	DET
ajfa-6694	133	13	study	study	NOUN
ajfa-6694	133	14	is	be	AUX
ajfa-6694	133	15	the	the	DET
ajfa-6694	133	16	quarterly	quarterly	ADJ
ajfa-6694	133	17	time	time	NOUN
ajfa-6694	133	18	series	series	NOUN
ajfa-6694	133	19	during	during	ADP
ajfa-6694	133	20	period	period	NOUN
ajfa-6694	133	21	of	of	ADP
ajfa-6694	133	22	2004	2004	NUM
ajfa-6694	133	23	-	-	SYM
ajfa-6694	133	24	2013	2013	NUM
ajfa-6694	133	25	.	.	PUNCT
ajfa-6694	134	1	data	datum	NOUN
ajfa-6694	134	2	are	be	AUX
ajfa-6694	134	3	obtained	obtain	VERB
ajfa-6694	134	4	from	from	ADP
ajfa-6694	134	5	bank	bank	PROPN
ajfa-6694	134	6	indonesia	indonesia	PROPN
ajfa-6694	134	7	(	(	PUNCT
ajfa-6694	134	8	bi	bi	NOUN
ajfa-6694	134	9	)	)	PUNCT
ajfa-6694	134	10	,	,	PUNCT
ajfa-6694	134	11	central	central	ADJ
ajfa-6694	134	12	bureau	bureau	NOUN
ajfa-6694	134	13	of	of	ADP
ajfa-6694	134	14	statistics	statistic	NOUN
ajfa-6694	134	15	(	(	PUNCT
ajfa-6694	134	16	bps	bps	NOUN
ajfa-6694	134	17	)	)	PUNCT
ajfa-6694	134	18	,	,	PUNCT
ajfa-6694	134	19	international	international	ADJ
ajfa-6694	134	20	financial	financial	ADJ
ajfa-6694	134	21	statistics	statistic	NOUN
ajfa-6694	134	22	(	(	PUNCT
ajfa-6694	134	23	ifs	ifs	PROPN
ajfa-6694	134	24	)	)	PUNCT
ajfa-6694	134	25	and	and	CCONJ
ajfa-6694	134	26	morgan	morgan	PROPN
ajfa-6694	134	27	stanley	stanley	PROPN
ajfa-6694	134	28	capital	capital	PROPN
ajfa-6694	134	29	international	international	PROPN
ajfa-6694	134	30	(	(	PUNCT
ajfa-6694	134	31	msci	msci	PROPN
ajfa-6694	134	32	)	)	PUNCT
ajfa-6694	134	33	,	,	PUNCT
ajfa-6694	134	34	and	and	CCONJ
ajfa-6694	134	35	also	also	ADV
ajfa-6694	134	36	indonesia	indonesia	PROPN
ajfa-6694	134	37	stock	stock	PROPN
ajfa-6694	134	38	exchange	exchange	PROPN
ajfa-6694	134	39	(	(	PUNCT
ajfa-6694	134	40	idx	idx	PROPN
ajfa-6694	134	41	)	)	PUNCT
ajfa-6694	134	42	.	.	PUNCT
ajfa-6694	135	1	the	the	DET
ajfa-6694	135	2	description	description	NOUN
ajfa-6694	135	3	of	of	ADP
ajfa-6694	135	4	the	the	DET
ajfa-6694	135	5	variables	variable	NOUN
ajfa-6694	135	6	and	and	CCONJ
ajfa-6694	135	7	data	datum	NOUN
ajfa-6694	135	8	source	source	NOUN
ajfa-6694	135	9	is	be	AUX
ajfa-6694	135	10	as	as	SCONJ
ajfa-6694	135	11	follows	follow	VERB
ajfa-6694	135	12	:	:	PUNCT
ajfa-6694	135	13	table	table	NOUN
ajfa-6694	135	14	1	1	NUM
ajfa-6694	135	15	.	.	PUNCT
ajfa-6694	135	16	internal	internal	ADJ
ajfa-6694	135	17	and	and	CCONJ
ajfa-6694	135	18	external	external	ADJ
ajfa-6694	135	19	risk	risk	NOUN
ajfa-6694	135	20	factors	factor	NOUN
ajfa-6694	135	21	internal	internal	ADJ
ajfa-6694	135	22	factor	factor	NOUN
ajfa-6694	135	23	acronym	acronym	NOUN
ajfa-6694	135	24	description	description	NOUN
ajfa-6694	135	25	data	datum	NOUN
ajfa-6694	135	26	source	source	NOUN
ajfa-6694	135	27	ihsg	ihsg	PROPN
ajfa-6694	135	28	composite	composite	ADJ
ajfa-6694	135	29	stock	stock	NOUN
ajfa-6694	135	30	price	price	NOUN
ajfa-6694	135	31	index	index	NOUN
ajfa-6694	135	32	idx	idx	NOUN
ajfa-6694	135	33	ntr	ntr	PROPN
ajfa-6694	135	34	exchange	exchange	NOUN
ajfa-6694	135	35	rate	rate	NOUN
ajfa-6694	135	36	of	of	ADP
ajfa-6694	135	37	rupiah	rupiah	NOUN
ajfa-6694	135	38	to	to	ADP
ajfa-6694	135	39	usd	usd	NOUN
ajfa-6694	135	40	bi	bi	NOUN
ajfa-6694	135	41	sbi	sbi	PROPN
ajfa-6694	135	42	interest	interest	NOUN
ajfa-6694	135	43	rate	rate	NOUN
ajfa-6694	135	44	of	of	ADP
ajfa-6694	135	45	sbi	sbi	PROPN
ajfa-6694	135	46	(	(	PUNCT
ajfa-6694	135	47	certificate	certificate	NOUN
ajfa-6694	135	48	of	of	ADP
ajfa-6694	135	49	bank	bank	PROPN
ajfa-6694	135	50	indonesia	indonesia	PROPN
ajfa-6694	135	51	)	)	PUNCT
ajfa-6694	135	52	in	in	ADP
ajfa-6694	135	53	6	6	NUM
ajfa-6694	135	54	months	month	NOUN
ajfa-6694	135	55	bi	bi	PROPN
ajfa-6694	135	56	inf	inf	PROPN
ajfa-6694	135	57	consumer	consumer	NOUN
ajfa-6694	135	58	price	price	NOUN
ajfa-6694	135	59	index	index	NOUN
ajfa-6694	135	60	bps	bps	NOUN
ajfa-6694	135	61	grindo	grindo	PROPN
ajfa-6694	135	62	indonesian	indonesian	ADJ
ajfa-6694	135	63	economic	economic	ADJ
ajfa-6694	135	64	growth	growth	NOUN
ajfa-6694	135	65	bps	bps	NOUN
ajfa-6694	135	66	external	external	ADJ
ajfa-6694	135	67	factor	factor	NOUN
ajfa-6694	135	68	acronym	acronym	NOUN
ajfa-6694	135	69	description	description	NOUN
ajfa-6694	135	70	data	datum	NOUN
ajfa-6694	135	71	source	source	NOUN
ajfa-6694	135	72	oil	oil	NOUN
ajfa-6694	135	73	the	the	DET
ajfa-6694	135	74	world	world	NOUN
ajfa-6694	135	75	oil	oil	NOUN
ajfa-6694	135	76	price	price	NOUN
ajfa-6694	135	77	ifs	ifs	PROPN
ajfa-6694	135	78	fed	fed	PROPN
ajfa-6694	135	79	fed	fed	PROPN
ajfa-6694	135	80	fund	fund	NOUN
ajfa-6694	135	81	rate	rate	PROPN
ajfa-6694	135	82	ifs	ifs	PROPN
ajfa-6694	135	83	grdunia	grdunia	PROPN
ajfa-6694	135	84	the	the	DET
ajfa-6694	135	85	world	world	NOUN
ajfa-6694	135	86	economic	economic	ADJ
ajfa-6694	135	87	growth	growth	NOUN
ajfa-6694	135	88	ifs	ifs	PROPN
ajfa-6694	135	89	fnbs	fnbs	PROPN
ajfa-6694	135	90	foreign	foreign	ADJ
ajfa-6694	135	91	transaction	transaction	NOUN
ajfa-6694	135	92	value	value	NOUN
ajfa-6694	135	93	idx	idx	PROPN
ajfa-6694	135	94	msci	msci	PROPN
ajfa-6694	135	95	morgan	morgan	PROPN
ajfa-6694	135	96	stanley	stanley	PROPN
ajfa-6694	135	97	capital	capital	PROPN
ajfa-6694	135	98	international	international	PROPN
ajfa-6694	135	99	all	all	DET
ajfa-6694	135	100	country	country	NOUN
ajfa-6694	135	101	world	world	NOUN
ajfa-6694	135	102	index	index	NOUN
ajfa-6694	135	103	investable	investable	ADJ
ajfa-6694	135	104	market	market	NOUN
ajfa-6694	135	105	index	index	NOUN
ajfa-6694	135	106	(	(	PUNCT
ajfa-6694	135	107	msci	msci	PROPN
ajfa-6694	135	108	acwi	acwi	VERB
ajfa-6694	135	109	imi	imi	PROPN
ajfa-6694	135	110	)	)	PUNCT
ajfa-6694	135	111	msci	msci	PROPN
ajfa-6694	135	112	4.2	4.2	NUM
ajfa-6694	135	113	empirical	empirical	ADJ
ajfa-6694	135	114	model	model	NOUN
ajfa-6694	135	115	this	this	DET
ajfa-6694	135	116	study	study	NOUN
ajfa-6694	135	117	uses	use	VERB
ajfa-6694	135	118	the	the	DET
ajfa-6694	135	119	standard	standard	ADJ
ajfa-6694	135	120	country	country	NOUN
ajfa-6694	135	121	beta	beta	NOUN
ajfa-6694	135	122	market	market	NOUN
ajfa-6694	135	123	model	model	NOUN
ajfa-6694	135	124	to	to	PART
ajfa-6694	135	125	measure	measure	VERB
ajfa-6694	135	126	the	the	DET
ajfa-6694	135	127	indonesian	indonesian	ADJ
ajfa-6694	135	128	country	country	NOUN
ajfa-6694	135	129	risk	risk	NOUN
ajfa-6694	135	130	,	,	PUNCT
ajfa-6694	135	131	as	as	SCONJ
ajfa-6694	135	132	conducted	conduct	VERB
ajfa-6694	135	133	by	by	ADP
ajfa-6694	135	134	gangemi	gangemi	NOUN
ajfa-6694	135	135	et	et	NOUN
ajfa-6694	135	136	al	al	PROPN
ajfa-6694	135	137	.	.	PUNCT
ajfa-6694	136	1	(	(	PUNCT
ajfa-6694	136	2	2000	2000	NUM
ajfa-6694	136	3	)	)	PUNCT
ajfa-6694	136	4	,	,	PUNCT
ajfa-6694	136	5	andrade	andrade	PROPN
ajfa-6694	136	6	and	and	CCONJ
ajfa-6694	136	7	teles	tele	NOUN
ajfa-6694	136	8	(	(	PUNCT
ajfa-6694	136	9	2006	2006	NUM
ajfa-6694	136	10	)	)	PUNCT
ajfa-6694	136	11	,	,	PUNCT
ajfa-6694	136	12	verma	verma	PROPN
ajfa-6694	136	13	and	and	CCONJ
ajfa-6694	136	14	soydemir	soydemir	NOUN
ajfa-6694	136	15	(	(	PUNCT
ajfa-6694	136	16	2006	2006	NUM
ajfa-6694	136	17	)	)	PUNCT
ajfa-6694	136	18	,	,	PUNCT
ajfa-6694	136	19	verbenik	verbenik	PROPN
ajfa-6694	136	20	,	,	PUNCT
ajfa-6694	136	21	et	et	PROPN
ajfa-6694	136	22	al	al	PROPN
ajfa-6694	136	23	.	.	PUNCT
ajfa-6694	137	1	(	(	PUNCT
ajfa-6694	137	2	2011	2011	NUM
ajfa-6694	137	3	)	)	PUNCT
ajfa-6694	137	4	,	,	PUNCT
ajfa-6694	137	5	and	and	CCONJ
ajfa-6694	137	6	also	also	ADV
ajfa-6694	137	7	basu	basu	PROPN
ajfa-6694	137	8	et	et	PROPN
ajfa-6694	137	9	al	al	PROPN
ajfa-6694	137	10	.	.	PROPN
ajfa-6694	138	1	(	(	PUNCT
ajfa-6694	138	2	2011	2011	NUM
ajfa-6694	138	3	)	)	PUNCT
ajfa-6694	138	4	employ	employ	VERB
ajfa-6694	138	5	time	time	NOUN
ajfa-6694	138	6	-	-	PUNCT
ajfa-6694	138	7	varying	vary	VERB
ajfa-6694	138	8	model	model	NOUN
ajfa-6694	138	9	of	of	ADP
ajfa-6694	138	10	beta	beta	NOUN
ajfa-6694	138	11	as	as	SCONJ
ajfa-6694	138	12	shown	show	VERB
ajfa-6694	138	13	in	in	ADP
ajfa-6694	138	14	equation	equation	NOUN
ajfa-6694	138	15	:	:	PUNCT
ajfa-6694	138	16	rihsg	rihsg	NOUN
ajfa-6694	138	17	,	,	PUNCT
ajfa-6694	138	18	t	t	PROPN
ajfa-6694	139	1	=	=	PUNCT
ajfa-6694	139	2	α	α	PROPN
ajfa-6694	139	3	+	+	NOUN
ajfa-6694	139	4	β	β	X
ajfa-6694	139	5	requity	requity	NOUN
ajfa-6694	139	6	world	world	NOUN
ajfa-6694	139	7	,	,	PUNCT
ajfa-6694	139	8	t	t	PROPN
ajfa-6694	139	9	+	+	NUM
ajfa-6694	139	10	et	et	NOUN
ajfa-6694	139	11	(	(	PUNCT
ajfa-6694	139	12	1	1	NUM
ajfa-6694	139	13	)	)	PUNCT
ajfa-6694	139	14	where	where	SCONJ
ajfa-6694	139	15	,	,	PUNCT
ajfa-6694	139	16	rihsg	rihsg	NOUN
ajfa-6694	139	17	,	,	PUNCT
ajfa-6694	139	18	t	t	PROPN
ajfa-6694	139	19	is	be	AUX
ajfa-6694	139	20	return	return	NOUN
ajfa-6694	139	21	on	on	ADP
ajfa-6694	139	22	indonesia	indonesia	PROPN
ajfa-6694	139	23	stock	stock	PROPN
ajfa-6694	139	24	exchange	exchange	PROPN
ajfa-6694	139	25	,	,	PUNCT
ajfa-6694	139	26	α	α	PROPN
ajfa-6694	139	27	and	and	CCONJ
ajfa-6694	139	28	β	β	X
ajfa-6694	139	29	are	be	AUX
ajfa-6694	139	30	the	the	DET
ajfa-6694	139	31	parameter	parameter	NOUN
ajfa-6694	139	32	,	,	PUNCT
ajfa-6694	139	33	requity	requity	NOUN
ajfa-6694	139	34	world	world	NOUN
ajfa-6694	139	35	,	,	PUNCT
ajfa-6694	139	36	t	t	PROPN
ajfa-6694	139	37	is	be	AUX
ajfa-6694	139	38	return	return	NOUN
ajfa-6694	139	39	on	on	ADP
ajfa-6694	139	40	the	the	DET
ajfa-6694	139	41	global	global	ADJ
ajfa-6694	139	42	stock	stock	NOUN
ajfa-6694	139	43	index	index	NOUN
ajfa-6694	139	44	and	and	CCONJ
ajfa-6694	139	45	et	et	NOUN
ajfa-6694	139	46	is	be	AUX
ajfa-6694	139	47	the	the	DET
ajfa-6694	139	48	random	random	ADJ
ajfa-6694	139	49	disturbance	disturbance	NOUN
ajfa-6694	139	50	term	term	NOUN
ajfa-6694	139	51	.	.	PUNCT
ajfa-6694	140	1	beta	beta	NOUN
ajfa-6694	140	2	(	(	PUNCT
ajfa-6694	140	3	β	β	NOUN
ajfa-6694	140	4	)	)	PUNCT
ajfa-6694	140	5	is	be	AUX
ajfa-6694	140	6	used	use	VERB
ajfa-6694	140	7	as	as	ADP
ajfa-6694	140	8	asian	asian	ADJ
ajfa-6694	140	9	journal	journal	NOUN
ajfa-6694	140	10	of	of	ADP
ajfa-6694	140	11	finance	finance	PROPN
ajfa-6694	140	12	&	&	CCONJ
ajfa-6694	140	13	accounting	accounting	PROPN
ajfa-6694	140	14	issn	issn	PROPN
ajfa-6694	140	15	1946	1946	NUM
ajfa-6694	140	16	-	-	PUNCT
ajfa-6694	140	17	052x	052x	NOUN
ajfa-6694	140	18	2015	2015	NUM
ajfa-6694	140	19	,	,	PUNCT
ajfa-6694	140	20	vol	vol	NOUN
ajfa-6694	140	21	.	.	PROPN
ajfa-6694	141	1	7	7	NUM
ajfa-6694	141	2	,	,	PUNCT
ajfa-6694	141	3	no	no	INTJ
ajfa-6694	141	4	.	.	NOUN
ajfa-6694	141	5	1	1	NUM
ajfa-6694	141	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6694	141	7	162	162	NUM
ajfa-6694	141	8	the	the	DET
ajfa-6694	141	9	basis	basis	NOUN
ajfa-6694	141	10	to	to	PART
ajfa-6694	141	11	measure	measure	VERB
ajfa-6694	141	12	the	the	DET
ajfa-6694	141	13	indonesia	indonesia	PROPN
ajfa-6694	141	14	country	country	PROPN
ajfa-6694	141	15	risk	risk	NOUN
ajfa-6694	141	16	,	,	PUNCT
ajfa-6694	141	17	in	in	ADP
ajfa-6694	141	18	which	which	PRON
ajfa-6694	141	19	this	this	DET
ajfa-6694	141	20	beta	beta	NOUN
ajfa-6694	141	21	is	be	AUX
ajfa-6694	141	22	influenced	influence	VERB
ajfa-6694	141	23	by	by	ADP
ajfa-6694	141	24	combination	combination	NOUN
ajfa-6694	141	25	of	of	ADP
ajfa-6694	141	26	the	the	DET
ajfa-6694	141	27	internal	internal	ADJ
ajfa-6694	141	28	and	and	CCONJ
ajfa-6694	141	29	external	external	ADJ
ajfa-6694	141	30	macroeconomic	macroeconomic	ADJ
ajfa-6694	141	31	factors	factor	NOUN
ajfa-6694	141	32	.	.	PUNCT
ajfa-6694	142	1	the	the	DET
ajfa-6694	142	2	studies	study	NOUN
ajfa-6694	142	3	carried	carry	VERB
ajfa-6694	142	4	out	out	ADP
ajfa-6694	142	5	by	by	ADP
ajfa-6694	142	6	fama	fama	NOUN
ajfa-6694	142	7	and	and	CCONJ
ajfa-6694	142	8	french	french	ADJ
ajfa-6694	142	9	(	(	PUNCT
ajfa-6694	142	10	1989	1989	NUM
ajfa-6694	142	11	)	)	PUNCT
ajfa-6694	142	12	,	,	PUNCT
ajfa-6694	142	13	also	also	ADV
ajfa-6694	142	14	mc	mc	PROPN
ajfa-6694	142	15	-	-	PUNCT
ajfa-6694	142	16	queen	queen	PROPN
ajfa-6694	142	17	and	and	CCONJ
ajfa-6694	142	18	roley	roley	NOUN
ajfa-6694	142	19	(	(	PUNCT
ajfa-6694	142	20	1993	1993	NUM
ajfa-6694	142	21	)	)	PUNCT
ajfa-6694	142	22	stated	state	VERB
ajfa-6694	142	23	that	that	SCONJ
ajfa-6694	142	24	equity	equity	NOUN
ajfa-6694	142	25	returns	return	NOUN
ajfa-6694	142	26	were	be	AUX
ajfa-6694	142	27	closely	closely	ADV
ajfa-6694	142	28	related	relate	VERB
ajfa-6694	142	29	to	to	ADP
ajfa-6694	142	30	the	the	DET
ajfa-6694	142	31	business	business	NOUN
ajfa-6694	142	32	cycle	cycle	NOUN
ajfa-6694	142	33	and	and	CCONJ
ajfa-6694	142	34	such	such	ADJ
ajfa-6694	142	35	activities	activity	NOUN
ajfa-6694	142	36	were	be	AUX
ajfa-6694	142	37	influenced	influence	VERB
ajfa-6694	142	38	by	by	ADP
ajfa-6694	142	39	macroeconomic	macroeconomic	ADJ
ajfa-6694	142	40	variables	variable	NOUN
ajfa-6694	142	41	.	.	PUNCT
ajfa-6694	143	1	further	far	ADV
ajfa-6694	143	2	,	,	PUNCT
ajfa-6694	143	3	ferson	ferson	NOUN
ajfa-6694	143	4	and	and	CCONJ
ajfa-6694	143	5	harvey	harvey	PROPN
ajfa-6694	143	6	(	(	PUNCT
ajfa-6694	143	7	1991	1991	NUM
ajfa-6694	143	8	)	)	PUNCT
ajfa-6694	143	9	,	,	PUNCT
ajfa-6694	143	10	jaganathan	jaganathan	PROPN
ajfa-6694	143	11	and	and	CCONJ
ajfa-6694	143	12	wang	wang	PROPN
ajfa-6694	143	13	(	(	PUNCT
ajfa-6694	143	14	1996	1996	NUM
ajfa-6694	143	15	)	)	PUNCT
ajfa-6694	143	16	declared	declare	VERB
ajfa-6694	143	17	that	that	SCONJ
ajfa-6694	143	18	the	the	DET
ajfa-6694	143	19	beta	beta	ADJ
ajfa-6694	143	20	risk	risk	NOUN
ajfa-6694	143	21	was	be	AUX
ajfa-6694	143	22	the	the	DET
ajfa-6694	143	23	time	time	NOUN
ajfa-6694	143	24	-	-	PUNCT
ajfa-6694	143	25	varying	vary	VERB
ajfa-6694	143	26	,	,	PUNCT
ajfa-6694	143	27	and	and	CCONJ
ajfa-6694	143	28	constitutes	constitute	VERB
ajfa-6694	143	29	the	the	DET
ajfa-6694	143	30	part	part	NOUN
ajfa-6694	143	31	of	of	ADP
ajfa-6694	143	32	business	business	NOUN
ajfa-6694	143	33	cycle	cycle	NOUN
ajfa-6694	143	34	.	.	PUNCT
ajfa-6694	144	1	based	base	VERB
ajfa-6694	144	2	on	on	ADP
ajfa-6694	144	3	the	the	DET
ajfa-6694	144	4	above	above	ADJ
ajfa-6694	144	5	argumentation	argumentation	NOUN
ajfa-6694	144	6	,	,	PUNCT
ajfa-6694	144	7	this	this	DET
ajfa-6694	144	8	study	study	NOUN
ajfa-6694	144	9	applies	apply	VERB
ajfa-6694	144	10	the	the	DET
ajfa-6694	144	11	time	time	NOUN
ajfa-6694	144	12	-	-	PUNCT
ajfa-6694	144	13	varying	vary	VERB
ajfa-6694	144	14	model	model	NOUN
ajfa-6694	144	15	of	of	ADP
ajfa-6694	144	16	beta	beta	NOUN
ajfa-6694	144	17	as	as	SCONJ
ajfa-6694	144	18	follows	follow	VERB
ajfa-6694	144	19	:	:	PUNCT
ajfa-6694	144	20	βt	βt	ADP
ajfa-6694	144	21	=	=	SYM
ajfa-6694	144	22	b0	b0	NOUN
ajfa-6694	144	23	+	+	CCONJ
ajfa-6694	145	1	+	+	CCONJ
ajfa-6694	145	2	ut	ut	PROPN
ajfa-6694	145	3	(	(	PUNCT
ajfa-6694	145	4	2	2	NUM
ajfa-6694	145	5	)	)	PUNCT
ajfa-6694	145	6	the	the	DET
ajfa-6694	145	7	equation	equation	NOUN
ajfa-6694	145	8	of	of	ADP
ajfa-6694	145	9	time	time	NOUN
ajfa-6694	145	10	-	-	PUNCT
ajfa-6694	145	11	varying	vary	VERB
ajfa-6694	145	12	model	model	NOUN
ajfa-6694	145	13	of	of	ADP
ajfa-6694	145	14	beta	beta	NOUN
ajfa-6694	145	15	in	in	ADP
ajfa-6694	145	16	this	this	DET
ajfa-6694	145	17	study	study	NOUN
ajfa-6694	145	18	is	be	AUX
ajfa-6694	145	19	as	as	SCONJ
ajfa-6694	145	20	follows	follow	VERB
ajfa-6694	145	21	:	:	PUNCT
ajfa-6694	145	22	βt	βt	ADP
ajfa-6694	145	23	=	=	SYM
ajfa-6694	145	24	b0	b0	NOUN
ajfa-6694	145	25	+	+	CCONJ
ajfa-6694	145	26	b1ntrt	b1ntrt	PROPN
ajfa-6694	145	27	+	+	CCONJ
ajfa-6694	145	28	b2sbit	b2sbit	NOUN
ajfa-6694	145	29	+	+	CCONJ
ajfa-6694	145	30	b3inft	b3inft	PROPN
ajfa-6694	145	31	+	+	CCONJ
ajfa-6694	145	32	b4grindot	b4grindot	NOUN
ajfa-6694	145	33	+	+	CCONJ
ajfa-6694	145	34	b5oilt	b5oilt	NOUN
ajfa-6694	145	35	+	+	CCONJ
ajfa-6694	145	36	b6fedt	b6fedt	ADJ
ajfa-6694	145	37	+	+	CCONJ
ajfa-6694	145	38	b7	b7	PROPN
ajfa-6694	145	39	grduniat	grduniat	VERB
ajfa-6694	145	40	+	+	CCONJ
ajfa-6694	145	41	b8fnbst	b8fnbst	PROPN
ajfa-6694	146	1	+	+	CCONJ
ajfa-6694	146	2	ut	ut	PROPN
ajfa-6694	146	3	(	(	PUNCT
ajfa-6694	146	4	3	3	NUM
ajfa-6694	146	5	)	)	PUNCT
ajfa-6694	146	6	the	the	DET
ajfa-6694	146	7	time	time	NOUN
ajfa-6694	146	8	-	-	PUNCT
ajfa-6694	146	9	varying	vary	VERB
ajfa-6694	146	10	model	model	NOUN
ajfa-6694	146	11	of	of	ADP
ajfa-6694	146	12	beta	beta	NOUN
ajfa-6694	146	13	(	(	PUNCT
ajfa-6694	146	14	3	3	NUM
ajfa-6694	146	15	)	)	PUNCT
ajfa-6694	146	16	can	can	AUX
ajfa-6694	146	17	not	not	PART
ajfa-6694	146	18	be	be	AUX
ajfa-6694	146	19	estimated	estimate	VERB
ajfa-6694	146	20	directly	directly	ADV
ajfa-6694	146	21	,	,	PUNCT
ajfa-6694	146	22	therefore	therefore	ADV
ajfa-6694	146	23	βt	βt	VERB
ajfa-6694	146	24	in	in	ADP
ajfa-6694	146	25	equation	equation	NOUN
ajfa-6694	146	26	(	(	PUNCT
ajfa-6694	146	27	3	3	X
ajfa-6694	146	28	)	)	PUNCT
ajfa-6694	146	29	is	be	AUX
ajfa-6694	146	30	substituted	substitute	VERB
ajfa-6694	146	31	into	into	ADP
ajfa-6694	146	32	the	the	DET
ajfa-6694	146	33	equation	equation	NOUN
ajfa-6694	146	34	of	of	ADP
ajfa-6694	146	35	standard	standard	ADJ
ajfa-6694	146	36	country	country	NOUN
ajfa-6694	146	37	beta	beta	NOUN
ajfa-6694	146	38	market	market	NOUN
ajfa-6694	146	39	model	model	NOUN
ajfa-6694	146	40	(	(	PUNCT
ajfa-6694	146	41	1	1	NUM
ajfa-6694	146	42	)	)	PUNCT
ajfa-6694	146	43	so	so	SCONJ
ajfa-6694	146	44	that	that	SCONJ
ajfa-6694	146	45	an	an	DET
ajfa-6694	146	46	equation	equation	NOUN
ajfa-6694	146	47	is	be	AUX
ajfa-6694	146	48	obtained	obtain	VERB
ajfa-6694	146	49	as	as	SCONJ
ajfa-6694	146	50	follows	follow	VERB
ajfa-6694	146	51	:	:	PUNCT
ajfa-6694	147	1	rihsgt	rihsgt	NOUN
ajfa-6694	147	2	=	=	PUNCT
ajfa-6694	147	3	α	α	PROPN
ajfa-6694	147	4	+	+	CCONJ
ajfa-6694	147	5	βt	βt	VERB
ajfa-6694	147	6	rmsci	rmsci	PROPN
ajfa-6694	147	7	t	t	PROPN
ajfa-6694	147	8	+	+	CCONJ
ajfa-6694	147	9	et	et	PROPN
ajfa-6694	147	10	(	(	PUNCT
ajfa-6694	147	11	4	4	NUM
ajfa-6694	147	12	)	)	PUNCT
ajfa-6694	147	13	further	far	ADV
ajfa-6694	147	14	,	,	PUNCT
ajfa-6694	147	15	the	the	DET
ajfa-6694	147	16	βt	βt	NOUN
ajfa-6694	147	17	at	at	ADP
ajfa-6694	147	18	the	the	DET
ajfa-6694	147	19	equation	equation	NOUN
ajfa-6694	147	20	(	(	PUNCT
ajfa-6694	147	21	3	3	X
ajfa-6694	147	22	)	)	PUNCT
ajfa-6694	147	23	is	be	AUX
ajfa-6694	147	24	substituted	substitute	VERB
ajfa-6694	147	25	with	with	ADP
ajfa-6694	147	26	the	the	DET
ajfa-6694	147	27	equation	equation	NOUN
ajfa-6694	147	28	(	(	PUNCT
ajfa-6694	147	29	4	4	NUM
ajfa-6694	147	30	)	)	PUNCT
ajfa-6694	147	31	,	,	PUNCT
ajfa-6694	147	32	so	so	SCONJ
ajfa-6694	147	33	that	that	SCONJ
ajfa-6694	147	34	we	we	PRON
ajfa-6694	147	35	can	can	AUX
ajfa-6694	147	36	obtain	obtain	VERB
ajfa-6694	147	37	the	the	DET
ajfa-6694	147	38	time	time	NOUN
ajfa-6694	147	39	-	-	PUNCT
ajfa-6694	147	40	varying	vary	VERB
ajfa-6694	147	41	beta	beta	NOUN
ajfa-6694	147	42	market	market	NOUN
ajfa-6694	147	43	model	model	NOUN
ajfa-6694	147	44	applied	apply	VERB
ajfa-6694	147	45	to	to	PART
ajfa-6694	147	46	estimate	estimate	VERB
ajfa-6694	147	47	the	the	DET
ajfa-6694	147	48	model	model	NOUN
ajfa-6694	147	49	of	of	ADP
ajfa-6694	147	50	indonesia	indonesia	PROPN
ajfa-6694	147	51	country	country	PROPN
ajfa-6694	147	52	risk	risk	NOUN
ajfa-6694	147	53	.	.	PUNCT
ajfa-6694	148	1	the	the	DET
ajfa-6694	148	2	equation	equation	NOUN
ajfa-6694	148	3	model	model	NOUN
ajfa-6694	148	4	applied	apply	VERB
ajfa-6694	148	5	in	in	ADP
ajfa-6694	148	6	this	this	DET
ajfa-6694	148	7	research	research	NOUN
ajfa-6694	148	8	is	be	AUX
ajfa-6694	148	9	as	as	SCONJ
ajfa-6694	148	10	follows	follow	VERB
ajfa-6694	148	11	:	:	PUNCT
ajfa-6694	148	12	rihsg	rihsg	NOUN
ajfa-6694	148	13	,	,	PUNCT
ajfa-6694	148	14	t	t	NOUN
ajfa-6694	148	15	=	=	PUNCT
ajfa-6694	148	16	a	a	DET
ajfa-6694	148	17	+	+	X
ajfa-6694	148	18	(	(	PUNCT
ajfa-6694	148	19	b0	b0	NOUN
ajfa-6694	148	20	+	+	CCONJ
ajfa-6694	148	21	b1ntrt	b1ntrt	PROPN
ajfa-6694	148	22	+	+	CCONJ
ajfa-6694	148	23	b2sbit	b2sbit	NOUN
ajfa-6694	148	24	+	+	CCONJ
ajfa-6694	148	25	b3inft	b3inft	PROPN
ajfa-6694	148	26	+	+	CCONJ
ajfa-6694	148	27	b4grindot	b4grindot	NOUN
ajfa-6694	148	28	+	+	NUM
ajfa-6694	148	29	b5oil	b5oil	NOUN
ajfa-6694	149	1	+	+	CCONJ
ajfa-6694	149	2	b6fedt	b6fedt	NOUN
ajfa-6694	149	3	+	+	CCONJ
ajfa-6694	149	4	b7grduniat	b7grduniat	NOUN
ajfa-6694	149	5	+	+	CCONJ
ajfa-6694	149	6	b8fnbst	b8fnbst	ADJ
ajfa-6694	149	7	)	)	PUNCT
ajfa-6694	149	8	rmsci	rmsci	NOUN
ajfa-6694	149	9	,	,	PUNCT
ajfa-6694	149	10	t	t	PROPN
ajfa-6694	149	11	,	,	PUNCT
ajfa-6694	149	12	+	+	NUM
ajfa-6694	149	13	et	et	NOUN
ajfa-6694	149	14	(	(	PUNCT
ajfa-6694	149	15	5	5	NUM
ajfa-6694	149	16	)	)	PUNCT
ajfa-6694	149	17	or	or	CCONJ
ajfa-6694	149	18	:	:	PUNCT
ajfa-6694	149	19	rihsg	rihsg	NOUN
ajfa-6694	149	20	,	,	PUNCT
ajfa-6694	149	21	t	t	NOUN
ajfa-6694	149	22	=	=	PUNCT
ajfa-6694	149	23	a	a	DET
ajfa-6694	149	24	+	+	X
ajfa-6694	149	25	b0rmsci	b0rmsci	NOUN
ajfa-6694	149	26	,	,	PUNCT
ajfa-6694	149	27	t	t	PROPN
ajfa-6694	149	28	+	+	CCONJ
ajfa-6694	149	29	b1ntrt	b1ntrt	PROPN
ajfa-6694	149	30	*	*	PUNCT
ajfa-6694	149	31	rmsci	rmsci	PROPN
ajfa-6694	149	32	,	,	PUNCT
ajfa-6694	149	33	t	t	NOUN
ajfa-6694	149	34	+	+	CCONJ
ajfa-6694	149	35	b2sbit	b2sbit	NOUN
ajfa-6694	149	36	*	*	PUNCT
ajfa-6694	149	37	rmsci	rmsci	PROPN
ajfa-6694	149	38	,	,	PUNCT
ajfa-6694	149	39	t	t	PROPN
ajfa-6694	149	40	+	+	CCONJ
ajfa-6694	149	41	b3inft	b3inft	PROPN
ajfa-6694	149	42	*	*	PUNCT
ajfa-6694	149	43	rmsci	rmsci	PROPN
ajfa-6694	149	44	,	,	PUNCT
ajfa-6694	149	45	t	t	NOUN
ajfa-6694	149	46	+	+	NUM
ajfa-6694	149	47	b4grindot	b4grindot	PROPN
ajfa-6694	149	48	*	*	SYM
ajfa-6694	149	49	rmsci	rmsci	NOUN
ajfa-6694	149	50	,	,	PUNCT
ajfa-6694	149	51	t	t	NOUN
ajfa-6694	149	52	+	+	CCONJ
ajfa-6694	149	53	b5oilt	b5oilt	NOUN
ajfa-6694	149	54	*	*	PUNCT
ajfa-6694	149	55	rmsci	rmsci	NOUN
ajfa-6694	149	56	,	,	PUNCT
ajfa-6694	149	57	t	t	PROPN
ajfa-6694	149	58	+	+	CCONJ
ajfa-6694	149	59	b6fedt	b6fedt	PROPN
ajfa-6694	149	60	*	*	PUNCT
ajfa-6694	149	61	rmsci	rmsci	PROPN
ajfa-6694	149	62	,	,	PUNCT
ajfa-6694	149	63	t	t	PROPN
ajfa-6694	149	64	+	+	CCONJ
ajfa-6694	149	65	b7grduniat	b7grduniat	PROPN
ajfa-6694	149	66	*	*	PUNCT
ajfa-6694	149	67	rmsci	rmsci	PROPN
ajfa-6694	149	68	,	,	PUNCT
ajfa-6694	149	69	t	t	PROPN
ajfa-6694	149	70	+	+	CCONJ
ajfa-6694	149	71	b8fnbst	b8fnbst	PROPN
ajfa-6694	149	72	*	*	PUNCT
ajfa-6694	149	73	rmsci	rmsci	PROPN
ajfa-6694	149	74	,	,	PUNCT
ajfa-6694	149	75	t	t	PROPN
ajfa-6694	149	76	+	+	NUM
ajfa-6694	149	77	et	et	NOUN
ajfa-6694	149	78	(	(	PUNCT
ajfa-6694	149	79	6	6	NUM
ajfa-6694	149	80	)	)	SYM
ajfa-6694	149	81	5	5	NUM
ajfa-6694	149	82	.	.	X
ajfa-6694	149	83	estimation	estimation	NOUN
ajfa-6694	149	84	and	and	CCONJ
ajfa-6694	149	85	result	result	VERB
ajfa-6694	149	86	this	this	DET
ajfa-6694	149	87	study	study	NOUN
ajfa-6694	149	88	applies	apply	VERB
ajfa-6694	149	89	the	the	DET
ajfa-6694	149	90	vecm	vecm	NOUN
ajfa-6694	149	91	model	model	NOUN
ajfa-6694	149	92	to	to	PART
ajfa-6694	149	93	estimate	estimate	VERB
ajfa-6694	149	94	the	the	DET
ajfa-6694	149	95	data	datum	NOUN
ajfa-6694	149	96	from	from	ADP
ajfa-6694	149	97	variables	variable	NOUN
ajfa-6694	149	98	being	be	AUX
ajfa-6694	149	99	studied	study	VERB
ajfa-6694	149	100	.	.	PUNCT
ajfa-6694	150	1	the	the	DET
ajfa-6694	150	2	application	application	NOUN
ajfa-6694	150	3	of	of	ADP
ajfa-6694	150	4	vecm	vecm	NOUN
ajfa-6694	150	5	model	model	NOUN
ajfa-6694	150	6	with	with	ADP
ajfa-6694	150	7	the	the	DET
ajfa-6694	150	8	time	time	NOUN
ajfa-6694	150	9	series	series	PROPN
ajfa-6694	150	10	requires	require	VERB
ajfa-6694	150	11	several	several	ADJ
ajfa-6694	150	12	tests	test	NOUN
ajfa-6694	150	13	before	before	ADP
ajfa-6694	150	14	estimating	estimate	VERB
ajfa-6694	150	15	such	such	ADJ
ajfa-6694	150	16	vecm	vecm	NOUN
ajfa-6694	150	17	model	model	NOUN
ajfa-6694	150	18	.	.	PUNCT
ajfa-6694	151	1	the	the	DET
ajfa-6694	151	2	first	first	ADJ
ajfa-6694	151	3	test	test	NOUN
ajfa-6694	151	4	to	to	PART
ajfa-6694	151	5	do	do	VERB
ajfa-6694	151	6	is	be	AUX
ajfa-6694	151	7	the	the	DET
ajfa-6694	151	8	stationery	stationery	NOUN
ajfa-6694	151	9	testing	testing	NOUN
ajfa-6694	151	10	,	,	PUNCT
ajfa-6694	151	11	namely	namely	ADV
ajfa-6694	151	12	by	by	ADP
ajfa-6694	151	13	using	use	VERB
ajfa-6694	151	14	the	the	DET
ajfa-6694	151	15	augmented	augment	VERB
ajfa-6694	151	16	dickey	dickey	NOUN
ajfa-6694	151	17	-	-	PUNCT
ajfa-6694	151	18	fuller	full	ADJ
ajfa-6694	151	19	(	(	PUNCT
ajfa-6694	151	20	adf	adf	NOUN
ajfa-6694	151	21	)	)	PUNCT
ajfa-6694	151	22	.	.	PUNCT
ajfa-6694	152	1	the	the	DET
ajfa-6694	152	2	procedure	procedure	NOUN
ajfa-6694	152	3	of	of	ADP
ajfa-6694	152	4	this	this	DET
ajfa-6694	152	5	stationery	stationery	NOUN
ajfa-6694	152	6	test	test	NOUN
ajfa-6694	152	7	is	be	AUX
ajfa-6694	152	8	carried	carry	VERB
ajfa-6694	152	9	out	out	ADP
ajfa-6694	152	10	by	by	ADP
ajfa-6694	152	11	comparing	compare	VERB
ajfa-6694	152	12	the	the	DET
ajfa-6694	152	13	probability	probability	NOUN
ajfa-6694	152	14	value	value	NOUN
ajfa-6694	152	15	of	of	ADP
ajfa-6694	152	16	adf	adf	PROPN
ajfa-6694	152	17	(	(	PUNCT
ajfa-6694	152	18	p	p	NOUN
ajfa-6694	152	19	-	-	PUNCT
ajfa-6694	152	20	value	value	NOUN
ajfa-6694	152	21	)	)	PUNCT
ajfa-6694	152	22	and	and	CCONJ
ajfa-6694	152	23	the	the	DET
ajfa-6694	152	24	critical	critical	ADJ
ajfa-6694	152	25	value	value	NOUN
ajfa-6694	152	26	under	under	ADP
ajfa-6694	152	27	the	the	DET
ajfa-6694	152	28	terms	term	NOUN
ajfa-6694	152	29	if	if	SCONJ
ajfa-6694	152	30	adf	adf	PROPN
ajfa-6694	152	31	t	t	PROPN
ajfa-6694	152	32	-	-	PUNCT
ajfa-6694	152	33	statistic	statistic	NOUN
ajfa-6694	152	34	is	be	AUX
ajfa-6694	152	35	bigger	big	ADJ
ajfa-6694	152	36	than	than	ADP
ajfa-6694	152	37	critical	critical	ADJ
ajfa-6694	152	38	value	value	NOUN
ajfa-6694	152	39	at	at	ADP
ajfa-6694	152	40	α	α	NOUN
ajfa-6694	152	41	=	=	SYM
ajfa-6694	152	42	5	5	NUM
ajfa-6694	152	43	%	%	NOUN
ajfa-6694	152	44	,	,	PUNCT
ajfa-6694	152	45	then	then	ADV
ajfa-6694	152	46	such	such	DET
ajfa-6694	152	47	a	a	DET
ajfa-6694	152	48	data	data	NOUN
ajfa-6694	152	49	is	be	AUX
ajfa-6694	152	50	said	say	VERB
ajfa-6694	152	51	to	to	PART
ajfa-6694	152	52	be	be	AUX
ajfa-6694	152	53	stationery	stationery	NOUN
ajfa-6694	152	54	(	(	PUNCT
ajfa-6694	152	55	mandala	mandala	PROPN
ajfa-6694	152	56	,	,	PUNCT
ajfa-6694	152	57	2005	2005	NUM
ajfa-6694	152	58	,	,	PUNCT
ajfa-6694	152	59	p.	p.	NOUN
ajfa-6694	152	60	548	548	NUM
ajfa-6694	152	61	)	)	PUNCT
ajfa-6694	152	62	.	.	PUNCT
ajfa-6694	153	1	asian	asian	ADJ
ajfa-6694	153	2	journal	journal	PROPN
ajfa-6694	153	3	of	of	ADP
ajfa-6694	153	4	finance	finance	PROPN
ajfa-6694	153	5	&	&	CCONJ
ajfa-6694	153	6	accounting	accounting	PROPN
ajfa-6694	153	7	issn	issn	PROPN
ajfa-6694	153	8	1946	1946	NUM
ajfa-6694	153	9	-	-	PUNCT
ajfa-6694	153	10	052x	052x	NOUN
ajfa-6694	153	11	2015	2015	NUM
ajfa-6694	153	12	,	,	PUNCT
ajfa-6694	153	13	vol	vol	NOUN
ajfa-6694	153	14	.	.	PROPN
ajfa-6694	153	15	7	7	NUM
ajfa-6694	153	16	,	,	PUNCT
ajfa-6694	153	17	no	no	INTJ
ajfa-6694	153	18	.	.	NOUN
ajfa-6694	153	19	1	1	NUM
ajfa-6694	153	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6694	153	21	163	163	NUM
ajfa-6694	153	22	table	table	NOUN
ajfa-6694	153	23	2	2	NUM
ajfa-6694	153	24	.	.	PUNCT
ajfa-6694	153	25	unit	unit	NOUN
ajfa-6694	153	26	root	root	PROPN
ajfa-6694	153	27	test	test	NOUN
ajfa-6694	153	28	for	for	ADP
ajfa-6694	153	29	stationary	stationary	ADJ
ajfa-6694	153	30	variabel	variabel	NOUN
ajfa-6694	153	31	level	level	NOUN
ajfa-6694	153	32	first	first	ADJ
ajfa-6694	153	33	difference	difference	NOUN
ajfa-6694	153	34	t	t	PROPN
ajfa-6694	153	35	-	-	PUNCT
ajfa-6694	153	36	statistik	statistik	PROPN
ajfa-6694	153	37	adf	adf	PROPN
ajfa-6694	153	38	critical	critical	ADJ
ajfa-6694	153	39	value	value	NOUN
ajfa-6694	153	40	5	5	NUM
ajfa-6694	153	41	%	%	NOUN
ajfa-6694	153	42	t	t	PROPN
ajfa-6694	153	43	-	-	PUNCT
ajfa-6694	153	44	statistik	statistik	PROPN
ajfa-6694	153	45	adf	adf	PROPN
ajfa-6694	153	46	critical	critical	ADJ
ajfa-6694	153	47	value	value	NOUN
ajfa-6694	153	48	5	5	NUM
ajfa-6694	153	49	%	%	NOUN
ajfa-6694	153	50	return	return	NOUN
ajfa-6694	153	51	ihsg	ihsg	NOUN
ajfa-6694	153	52	-4.268809	-4.268809	PROPN
ajfa-6694	153	53	*	*	PUNCT
ajfa-6694	153	54	-2.938987	-2.938987	NOUN
ajfa-6694	153	55	-3.836662	-3.836662	NOUN
ajfa-6694	153	56	*	*	PUNCT
ajfa-6694	153	57	-1.949609	-1.949609	NOUN
ajfa-6694	154	1	ntr*rmsci	ntr*rmsci	X
ajfa-6694	154	2	-2.606193	-2.606193	PRON
ajfa-6694	154	3	-2.938987	-2.938987	PROPN
ajfa-6694	154	4	-4.454861	-4.454861	PROPN
ajfa-6694	154	5	*	*	PUNCT
ajfa-6694	154	6	-1.949609	-1.949609	PROPN
ajfa-6694	154	7	sbi*rmsci	sbi*rmsci	PROPN
ajfa-6694	154	8	-2.144295	-2.144295	PROPN
ajfa-6694	154	9	-2.938987	-2.938987	PROPN
ajfa-6694	154	10	-4.092222	-4.092222	PROPN
ajfa-6694	154	11	*	*	PUNCT
ajfa-6694	154	12	-1.949609	-1.949609	NOUN
ajfa-6694	154	13	inf*rmsci	inf*rmsci	DET
ajfa-6694	154	14	-3.687200	-3.687200	PROPN
ajfa-6694	154	15	*	*	PUNCT
ajfa-6694	154	16	-2.938987	-2.938987	NOUN
ajfa-6694	154	17	-3.686735	-3.686735	PROPN
ajfa-6694	154	18	*	*	PUNCT
ajfa-6694	154	19	-1.949609	-1.949609	PROPN
ajfa-6694	154	20	grindo*rmsci	grindo*rmsci	X
ajfa-6694	154	21	-5.021868	-5.021868	PROPN
ajfa-6694	154	22	*	*	PUNCT
ajfa-6694	154	23	-2.938987	-2.938987	NOUN
ajfa-6694	154	24	-4.837831	-4.837831	PROPN
ajfa-6694	154	25	*	*	PUNCT
ajfa-6694	154	26	-1.949609	-1.949609	NOUN
ajfa-6694	154	27	oil*rmsci	oil*rmsci	X
ajfa-6694	154	28	-4.944515	-4.944515	NOUN
ajfa-6694	154	29	*	*	PUNCT
ajfa-6694	154	30	-2.938987	-2.938987	NOUN
ajfa-6694	154	31	-4.725515	-4.725515	NOUN
ajfa-6694	154	32	*	*	PUNCT
ajfa-6694	154	33	-1.949609	-1.949609	PROPN
ajfa-6694	154	34	fed*rmsci	fed*rmsci	PROPN
ajfa-6694	154	35	-2.498023	-2.498023	PROPN
ajfa-6694	154	36	-2.941145	-2.941145	NOUN
ajfa-6694	154	37	-3.922204	-3.922204	PROPN
ajfa-6694	154	38	*	*	PUNCT
ajfa-6694	154	39	-1.949609	-1.949609	PROPN
ajfa-6694	154	40	grdunia*rmsci	grdunia*rmsci	X
ajfa-6694	154	41	-6.169604	-6.169604	PROPN
ajfa-6694	154	42	*	*	PROPN
ajfa-6694	154	43	-2.938987	-2.938987	NOUN
ajfa-6694	154	44	-5.789056	-5.789056	PROPN
ajfa-6694	154	45	*	*	PUNCT
ajfa-6694	155	1	-1.949609	-1.949609	PROPN
ajfa-6694	155	2	fnbs*rmsci	fnbs*rmsci	INTJ
ajfa-6694	155	3	-6.436192	-6.436192	PROPN
ajfa-6694	155	4	*	*	PUNCT
ajfa-6694	155	5	-2.938987	-2.938987	NOUN
ajfa-6694	155	6	-5.859868	-5.859868	NOUN
ajfa-6694	155	7	*	*	PUNCT
ajfa-6694	155	8	-1.949609	-1.949609	NOUN
ajfa-6694	155	9	return	return	VERB
ajfa-6694	155	10	msci	msci	PROPN
ajfa-6694	155	11	-4.764237	-4.764237	PROPN
ajfa-6694	155	12	*	*	PUNCT
ajfa-6694	155	13	-2.938987	-2.938987	NOUN
ajfa-6694	155	14	-4.588113	-4.588113	NOUN
ajfa-6694	155	15	*	*	PUNCT
ajfa-6694	155	16	-1.949609	-1.949609	NOUN
ajfa-6694	155	17	*	*	VERB
ajfa-6694	155	18	denote	denote	NOUN
ajfa-6694	155	19	significance	significance	NOUN
ajfa-6694	155	20	level	level	NOUN
ajfa-6694	155	21	at	at	ADP
ajfa-6694	155	22	5	5	NUM
ajfa-6694	155	23	%	%	NOUN
ajfa-6694	155	24	based	base	VERB
ajfa-6694	155	25	on	on	ADP
ajfa-6694	155	26	the	the	DET
ajfa-6694	155	27	output	output	NOUN
ajfa-6694	155	28	of	of	ADP
ajfa-6694	155	29	adf	adf	PROPN
ajfa-6694	155	30	test	test	NOUN
ajfa-6694	155	31	,	,	PUNCT
ajfa-6694	155	32	it	it	PRON
ajfa-6694	155	33	is	be	AUX
ajfa-6694	155	34	observed	observe	VERB
ajfa-6694	155	35	that	that	SCONJ
ajfa-6694	155	36	the	the	DET
ajfa-6694	155	37	variables	variable	NOUN
ajfa-6694	155	38	of	of	ADP
ajfa-6694	155	39	ntr	ntr	PROPN
ajfa-6694	155	40	,	,	PUNCT
ajfa-6694	155	41	sbi	sbi	PROPN
ajfa-6694	155	42	,	,	PUNCT
ajfa-6694	155	43	and	and	CCONJ
ajfa-6694	155	44	fed	fed	PROPN
ajfa-6694	155	45	are	be	AUX
ajfa-6694	155	46	not	not	PART
ajfa-6694	155	47	stationery	stationery	NOUN
ajfa-6694	155	48	at	at	ADP
ajfa-6694	155	49	a	a	DET
ajfa-6694	155	50	certain	certain	ADJ
ajfa-6694	155	51	level	level	NOUN
ajfa-6694	155	52	,	,	PUNCT
ajfa-6694	155	53	in	in	ADP
ajfa-6694	155	54	which	which	PRON
ajfa-6694	155	55	adf	adf	PROPN
ajfa-6694	155	56	t	t	PROPN
ajfa-6694	155	57	-	-	PUNCT
ajfa-6694	155	58	statistic	statistic	NOUN
ajfa-6694	155	59	is	be	AUX
ajfa-6694	155	60	smaller	small	ADJ
ajfa-6694	155	61	than	than	ADP
ajfa-6694	155	62	its	its	PRON
ajfa-6694	155	63	critical	critical	ADJ
ajfa-6694	155	64	values	value	NOUN
ajfa-6694	155	65	at	at	ADP
ajfa-6694	155	66	the	the	DET
ajfa-6694	155	67	level	level	NOUN
ajfa-6694	155	68	of	of	ADP
ajfa-6694	155	69	5	5	NUM
ajfa-6694	155	70	%	%	NOUN
ajfa-6694	155	71	.	.	PUNCT
ajfa-6694	156	1	therefore	therefore	ADV
ajfa-6694	156	2	,	,	PUNCT
ajfa-6694	156	3	in	in	ADP
ajfa-6694	156	4	order	order	NOUN
ajfa-6694	156	5	to	to	PART
ajfa-6694	156	6	obtain	obtain	VERB
ajfa-6694	156	7	the	the	DET
ajfa-6694	156	8	stationery	stationery	NOUN
ajfa-6694	156	9	data	datum	NOUN
ajfa-6694	156	10	,	,	PUNCT
ajfa-6694	156	11	a	a	DET
ajfa-6694	156	12	differencing	differencing	NOUN
ajfa-6694	156	13	is	be	AUX
ajfa-6694	156	14	carried	carry	VERB
ajfa-6694	156	15	out	out	ADP
ajfa-6694	156	16	in	in	ADP
ajfa-6694	156	17	the	the	DET
ajfa-6694	156	18	form	form	NOUN
ajfa-6694	156	19	of	of	ADP
ajfa-6694	156	20	first	first	ADJ
ajfa-6694	156	21	difference	difference	NOUN
ajfa-6694	156	22	and	and	CCONJ
ajfa-6694	156	23	its	its	PRON
ajfa-6694	156	24	result	result	NOUN
ajfa-6694	156	25	shows	show	VERB
ajfa-6694	156	26	that	that	SCONJ
ajfa-6694	156	27	all	all	DET
ajfa-6694	156	28	variables	variable	NOUN
ajfa-6694	156	29	of	of	ADP
ajfa-6694	156	30	adf	adf	PROPN
ajfa-6694	156	31	t	t	PROPN
ajfa-6694	156	32	-	-	PUNCT
ajfa-6694	156	33	statistic	statistic	NOUN
ajfa-6694	156	34	value	value	NOUN
ajfa-6694	156	35	is	be	AUX
ajfa-6694	156	36	bigger	big	ADJ
ajfa-6694	156	37	than	than	ADP
ajfa-6694	156	38	the	the	DET
ajfa-6694	156	39	critical	critical	ADJ
ajfa-6694	156	40	value	value	NOUN
ajfa-6694	156	41	at	at	ADP
ajfa-6694	156	42	the	the	DET
ajfa-6694	156	43	level	level	NOUN
ajfa-6694	156	44	of	of	ADP
ajfa-6694	156	45	5	5	NUM
ajfa-6694	156	46	%	%	NOUN
ajfa-6694	156	47	.	.	PUNCT
ajfa-6694	157	1	the	the	DET
ajfa-6694	157	2	second	second	ADJ
ajfa-6694	157	3	test	test	NOUN
ajfa-6694	157	4	is	be	AUX
ajfa-6694	157	5	carried	carry	VERB
ajfa-6694	157	6	out	out	ADP
ajfa-6694	157	7	after	after	SCONJ
ajfa-6694	157	8	the	the	DET
ajfa-6694	157	9	stationery	stationery	NOUN
ajfa-6694	157	10	data	datum	NOUN
ajfa-6694	157	11	is	be	AUX
ajfa-6694	157	12	obtained	obtain	VERB
ajfa-6694	157	13	in	in	ADP
ajfa-6694	157	14	order	order	NOUN
ajfa-6694	157	15	to	to	PART
ajfa-6694	157	16	determine	determine	VERB
ajfa-6694	157	17	the	the	DET
ajfa-6694	157	18	proper	proper	ADJ
ajfa-6694	157	19	length	length	NOUN
ajfa-6694	157	20	of	of	ADP
ajfa-6694	157	21	lag	lag	NOUN
ajfa-6694	157	22	in	in	ADP
ajfa-6694	157	23	vecm	vecm	NOUN
ajfa-6694	157	24	model	model	NOUN
ajfa-6694	157	25	.	.	PUNCT
ajfa-6694	158	1	there	there	PRON
ajfa-6694	158	2	are	be	VERB
ajfa-6694	158	3	some	some	DET
ajfa-6694	158	4	criteria	criterion	NOUN
ajfa-6694	158	5	to	to	PART
ajfa-6694	158	6	determine	determine	VERB
ajfa-6694	158	7	the	the	DET
ajfa-6694	158	8	optimal	optimal	ADJ
ajfa-6694	158	9	lag	lag	NOUN
ajfa-6694	158	10	,	,	PUNCT
ajfa-6694	158	11	namely	namely	ADV
ajfa-6694	158	12	likelihood	likelihood	NOUN
ajfa-6694	158	13	ratio	ratio	NOUN
ajfa-6694	158	14	(	(	PUNCT
ajfa-6694	158	15	lr	lr	NOUN
ajfa-6694	158	16	)	)	PUNCT
ajfa-6694	158	17	,	,	PUNCT
ajfa-6694	158	18	final	final	ADJ
ajfa-6694	158	19	prediction	prediction	NOUN
ajfa-6694	158	20	error	error	NOUN
ajfa-6694	158	21	(	(	PUNCT
ajfa-6694	158	22	fpe	fpe	PROPN
ajfa-6694	158	23	)	)	PUNCT
ajfa-6694	158	24	,	,	PUNCT
ajfa-6694	158	25	akaike	akaike	ADP
ajfa-6694	158	26	information	information	NOUN
ajfa-6694	158	27	criteria	criterion	NOUN
ajfa-6694	158	28	(	(	PUNCT
ajfa-6694	158	29	aic	aic	PROPN
ajfa-6694	158	30	)	)	PUNCT
ajfa-6694	158	31	,	,	PUNCT
ajfa-6694	158	32	schwarz	schwarz	PROPN
ajfa-6694	158	33	information	information	NOUN
ajfa-6694	158	34	criteria	criterion	NOUN
ajfa-6694	158	35	(	(	PUNCT
ajfa-6694	158	36	sic	sic	ADJ
ajfa-6694	158	37	)	)	PUNCT
ajfa-6694	158	38	,	,	PUNCT
ajfa-6694	158	39	and	and	CCONJ
ajfa-6694	158	40	hannah	hannah	PROPN
ajfa-6694	158	41	-	-	PUNCT
ajfa-6694	158	42	quinn	quinn	PROPN
ajfa-6694	158	43	criteria	criterion	NOUN
ajfa-6694	158	44	(	(	PUNCT
ajfa-6694	158	45	hqc	hqc	PROPN
ajfa-6694	158	46	)	)	PUNCT
ajfa-6694	158	47	.	.	PUNCT
ajfa-6694	159	1	this	this	DET
ajfa-6694	159	2	study	study	NOUN
ajfa-6694	159	3	applies	apply	VERB
ajfa-6694	159	4	the	the	DET
ajfa-6694	159	5	aic	aic	PROPN
ajfa-6694	159	6	criteria	criterion	NOUN
ajfa-6694	159	7	with	with	ADP
ajfa-6694	159	8	the	the	DET
ajfa-6694	159	9	lowest	low	ADJ
ajfa-6694	159	10	order	order	NOUN
ajfa-6694	159	11	of	of	ADP
ajfa-6694	159	12	model	model	NOUN
ajfa-6694	159	13	to	to	PART
ajfa-6694	159	14	determine	determine	VERB
ajfa-6694	159	15	its	its	PRON
ajfa-6694	159	16	optimal	optimal	ADJ
ajfa-6694	159	17	lag	lag	NOUN
ajfa-6694	159	18	.	.	PUNCT
ajfa-6694	160	1	the	the	DET
ajfa-6694	160	2	following	follow	VERB
ajfa-6694	160	3	is	be	AUX
ajfa-6694	160	4	the	the	DET
ajfa-6694	160	5	outputs	output	NOUN
ajfa-6694	160	6	of	of	ADP
ajfa-6694	160	7	optimum	optimum	ADJ
ajfa-6694	160	8	lag	lag	NOUN
ajfa-6694	160	9	test	test	NOUN
ajfa-6694	160	10	:	:	PUNCT
ajfa-6694	160	11	table	table	NOUN
ajfa-6694	160	12	3	3	NUM
ajfa-6694	160	13	.	.	PROPN
ajfa-6694	160	14	var	var	PROPN
ajfa-6694	160	15	lag	lag	PROPN
ajfa-6694	160	16	order	order	NOUN
ajfa-6694	160	17	selection	selection	NOUN
ajfa-6694	160	18	lag	lag	NOUN
ajfa-6694	160	19	logl	logl	NOUN
ajfa-6694	160	20	lr	lr	PROPN
ajfa-6694	160	21	fpe	fpe	PROPN
ajfa-6694	160	22	aic	aic	PROPN
ajfa-6694	160	23	sc	sc	PROPN
ajfa-6694	160	24	hq	hq	PROPN
ajfa-6694	160	25	0	0	NUM
ajfa-6694	161	1	-35.22944	-35.22944	PUNCT
ajfa-6694	161	2	na	na	PROPN
ajfa-6694	161	3	5.12e-12	5.12e-12	NUM
ajfa-6694	161	4	2.380497	2.380497	NUM
ajfa-6694	161	5	2.811441	2.811441	NUM
ajfa-6694	161	6	*	*	NOUN
ajfa-6694	161	7	2.533823	2.533823	NUM
ajfa-6694	161	8	*	*	SYM
ajfa-6694	161	9	1	1	NUM
ajfa-6694	161	10	44.16246	44.16246	NUM
ajfa-6694	161	11	112.8201	112.8201	NUM
ajfa-6694	161	12	1.80e-11	1.80e-11	NUM
ajfa-6694	161	13	3.465134	3.465134	NUM
ajfa-6694	161	14	8.205515	8.205515	NUM
ajfa-6694	161	15	5.151725	5.151725	NUM
ajfa-6694	161	16	2	2	NUM
ajfa-6694	161	17	207.0754	207.0754	NUM
ajfa-6694	161	18	145.7642	145.7642	NUM
ajfa-6694	161	19	*	*	SYM
ajfa-6694	161	20	2.22e-12	2.22e-12	NUM
ajfa-6694	161	21	*	*	PUNCT
ajfa-6694	161	22	0.153925	0.153925	NUM
ajfa-6694	161	23	*	*	PUNCT
ajfa-6694	161	24	9.203743	9.203743	NUM
ajfa-6694	161	25	3.373781	3.373781	NUM
ajfa-6694	161	26	*	*	PUNCT
ajfa-6694	161	27	indicates	indicate	VERB
ajfa-6694	161	28	lag	lag	NOUN
ajfa-6694	161	29	order	order	NOUN
ajfa-6694	161	30	selected	select	VERB
ajfa-6694	161	31	by	by	ADP
ajfa-6694	161	32	criterion	criterion	NOUN
ajfa-6694	161	33	asian	asian	ADJ
ajfa-6694	161	34	journal	journal	PROPN
ajfa-6694	161	35	of	of	ADP
ajfa-6694	161	36	finance	finance	PROPN
ajfa-6694	161	37	&	&	CCONJ
ajfa-6694	161	38	accounting	accounting	PROPN
ajfa-6694	161	39	issn	issn	PROPN
ajfa-6694	161	40	1946	1946	NUM
ajfa-6694	161	41	-	-	PUNCT
ajfa-6694	161	42	052x	052x	NOUN
ajfa-6694	161	43	2015	2015	NUM
ajfa-6694	161	44	,	,	PUNCT
ajfa-6694	161	45	vol	vol	NOUN
ajfa-6694	161	46	.	.	PROPN
ajfa-6694	162	1	7	7	NUM
ajfa-6694	162	2	,	,	PUNCT
ajfa-6694	162	3	no	no	INTJ
ajfa-6694	162	4	.	.	NOUN
ajfa-6694	162	5	1	1	NUM
ajfa-6694	162	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6694	162	7	164	164	NUM
ajfa-6694	162	8	based	base	VERB
ajfa-6694	162	9	on	on	ADP
ajfa-6694	162	10	the	the	DET
ajfa-6694	162	11	aforesaid	aforesaid	NOUN
ajfa-6694	162	12	test	test	NOUN
ajfa-6694	162	13	result	result	NOUN
ajfa-6694	162	14	,	,	PUNCT
ajfa-6694	162	15	it	it	PRON
ajfa-6694	162	16	is	be	AUX
ajfa-6694	162	17	found	find	VERB
ajfa-6694	162	18	out	out	ADP
ajfa-6694	162	19	that	that	SCONJ
ajfa-6694	162	20	the	the	DET
ajfa-6694	162	21	optimum	optimum	ADJ
ajfa-6694	162	22	lag	lag	NOUN
ajfa-6694	162	23	in	in	ADP
ajfa-6694	162	24	this	this	DET
ajfa-6694	162	25	vecm	vecm	NOUN
ajfa-6694	162	26	model	model	NOUN
ajfa-6694	162	27	is	be	AUX
ajfa-6694	162	28	available	available	ADJ
ajfa-6694	162	29	at	at	ADP
ajfa-6694	162	30	the	the	DET
ajfa-6694	162	31	second	second	ADJ
ajfa-6694	162	32	order	order	NOUN
ajfa-6694	162	33	of	of	ADP
ajfa-6694	162	34	aic	aic	PROPN
ajfa-6694	162	35	.	.	PUNCT
ajfa-6694	163	1	this	this	PRON
ajfa-6694	163	2	can	can	AUX
ajfa-6694	163	3	be	be	AUX
ajfa-6694	163	4	seen	see	VERB
ajfa-6694	163	5	at	at	ADP
ajfa-6694	163	6	the	the	DET
ajfa-6694	163	7	above	above	ADJ
ajfa-6694	163	8	table	table	NOUN
ajfa-6694	163	9	in	in	ADP
ajfa-6694	163	10	which	which	PRON
ajfa-6694	163	11	the	the	DET
ajfa-6694	163	12	value	value	NOUN
ajfa-6694	163	13	of	of	ADP
ajfa-6694	163	14	the	the	DET
ajfa-6694	163	15	second	second	ADJ
ajfa-6694	163	16	order	order	NOUN
ajfa-6694	163	17	of	of	ADP
ajfa-6694	163	18	aic	aic	PROPN
ajfa-6694	163	19	is	be	AUX
ajfa-6694	163	20	lower	low	ADJ
ajfa-6694	163	21	compared	compare	VERB
ajfa-6694	163	22	to	to	ADP
ajfa-6694	163	23	the	the	DET
ajfa-6694	163	24	other	other	ADJ
ajfa-6694	163	25	criteria	criterion	NOUN
ajfa-6694	163	26	of	of	ADP
ajfa-6694	163	27	optimum	optimum	ADJ
ajfa-6694	163	28	lag	lag	NOUN
ajfa-6694	163	29	.	.	PUNCT
ajfa-6694	164	1	thus	thus	ADV
ajfa-6694	164	2	,	,	PUNCT
ajfa-6694	164	3	the	the	DET
ajfa-6694	164	4	aic	aic	PROPN
ajfa-6694	164	5	criteria	criterion	NOUN
ajfa-6694	164	6	in	in	ADP
ajfa-6694	164	7	the	the	DET
ajfa-6694	164	8	second	second	ADJ
ajfa-6694	164	9	lag	lag	NOUN
ajfa-6694	164	10	fulfills	fulfill	VERB
ajfa-6694	164	11	the	the	DET
ajfa-6694	164	12	requirement	requirement	NOUN
ajfa-6694	164	13	to	to	PART
ajfa-6694	164	14	carry	carry	VERB
ajfa-6694	164	15	out	out	ADP
ajfa-6694	164	16	further	further	ADJ
ajfa-6694	164	17	analysis	analysis	NOUN
ajfa-6694	164	18	,	,	PUNCT
ajfa-6694	164	19	namely	namely	ADV
ajfa-6694	164	20	performing	perform	VERB
ajfa-6694	164	21	the	the	DET
ajfa-6694	164	22	co	co	ADJ
ajfa-6694	164	23	-	-	ADJ
ajfa-6694	164	24	integrated	integrated	ADJ
ajfa-6694	164	25	test	test	NOUN
ajfa-6694	164	26	.	.	PUNCT
ajfa-6694	165	1	third	third	ADV
ajfa-6694	165	2	,	,	PUNCT
ajfa-6694	165	3	this	this	DET
ajfa-6694	165	4	johansen	johansen	PROPN
ajfa-6694	165	5	test	test	NOUN
ajfa-6694	165	6	is	be	AUX
ajfa-6694	165	7	carried	carry	VERB
ajfa-6694	165	8	out	out	ADP
ajfa-6694	165	9	by	by	ADP
ajfa-6694	165	10	two	two	NUM
ajfa-6694	165	11	statistics	statistic	NOUN
ajfa-6694	165	12	,	,	PUNCT
ajfa-6694	165	13	namely	namely	ADV
ajfa-6694	165	14	trace	trace	NOUN
ajfa-6694	165	15	test	test	NOUN
ajfa-6694	165	16	and	and	CCONJ
ajfa-6694	165	17	maximum	maximum	PROPN
ajfa-6694	165	18	eigen	eigen	PROPN
ajfa-6694	165	19	test	test	NOUN
ajfa-6694	165	20	.	.	PUNCT
ajfa-6694	166	1	under	under	ADP
ajfa-6694	166	2	such	such	DET
ajfa-6694	166	3	a	a	DET
ajfa-6694	166	4	circumstance	circumstance	NOUN
ajfa-6694	166	5	,	,	PUNCT
ajfa-6694	166	6	if	if	SCONJ
ajfa-6694	166	7	the	the	DET
ajfa-6694	166	8	trace	trace	NOUN
ajfa-6694	166	9	test	test	NOUN
ajfa-6694	166	10	or	or	CCONJ
ajfa-6694	166	11	the	the	DET
ajfa-6694	166	12	maximum	maximum	PROPN
ajfa-6694	166	13	eigen	eigen	PROPN
ajfa-6694	166	14	test	test	NOUN
ajfa-6694	166	15	statistic	statistic	NOUN
ajfa-6694	166	16	has	have	VERB
ajfa-6694	166	17	bigger	big	ADJ
ajfa-6694	166	18	value	value	NOUN
ajfa-6694	166	19	than	than	ADP
ajfa-6694	166	20	the	the	DET
ajfa-6694	166	21	critical	critical	ADJ
ajfa-6694	166	22	value	value	NOUN
ajfa-6694	166	23	of	of	ADP
ajfa-6694	166	24	0.05	0.05	NUM
ajfa-6694	166	25	,	,	PUNCT
ajfa-6694	166	26	it	it	PRON
ajfa-6694	166	27	means	mean	VERB
ajfa-6694	166	28	there	there	PRON
ajfa-6694	166	29	is	be	VERB
ajfa-6694	166	30	a	a	DET
ajfa-6694	166	31	co	co	ADJ
ajfa-6694	166	32	-	-	ADJ
ajfa-6694	166	33	integrated	integrated	ADJ
ajfa-6694	166	34	relationship	relationship	NOUN
ajfa-6694	166	35	among	among	ADP
ajfa-6694	166	36	variables	variable	NOUN
ajfa-6694	166	37	being	be	AUX
ajfa-6694	166	38	tested	test	VERB
ajfa-6694	166	39	.	.	PUNCT
ajfa-6694	167	1	the	the	DET
ajfa-6694	167	2	following	follow	VERB
ajfa-6694	167	3	is	be	AUX
ajfa-6694	167	4	the	the	DET
ajfa-6694	167	5	output	output	NOUN
ajfa-6694	167	6	of	of	ADP
ajfa-6694	167	7	co	co	ADJ
ajfa-6694	167	8	-	-	ADJ
ajfa-6694	167	9	integrated	integrated	ADJ
ajfa-6694	167	10	test	test	NOUN
ajfa-6694	167	11	(	(	PUNCT
ajfa-6694	167	12	the	the	DET
ajfa-6694	167	13	value	value	NOUN
ajfa-6694	167	14	of	of	ADP
ajfa-6694	167	15	max	max	PROPN
ajfa-6694	167	16	-	-	PUNCT
ajfa-6694	167	17	eigen	eigen	PROPN
ajfa-6694	167	18	statistic	statistic	PROPN
ajfa-6694	167	19	):	):	PUNCT
ajfa-6694	167	20	table	table	NOUN
ajfa-6694	167	21	4	4	NUM
ajfa-6694	167	22	.	.	PUNCT
ajfa-6694	168	1	johansen	johansen	PROPN
ajfa-6694	168	2	cointegration	cointegration	PROPN
ajfa-6694	168	3	test	test	NOUN
ajfa-6694	168	4	hypothesized	hypothesize	VERB
ajfa-6694	168	5	no	no	ADP
ajfa-6694	168	6	.	.	PUNCT
ajfa-6694	168	7	of	of	ADP
ajfa-6694	168	8	ce(s	ce(s	ADV
ajfa-6694	168	9	)	)	PUNCT
ajfa-6694	168	10	eigenvalue	eigenvalue	NOUN
ajfa-6694	168	11	trace	trace	NOUN
ajfa-6694	168	12	statistic	statistic	NOUN
ajfa-6694	168	13	0.05	0.05	NUM
ajfa-6694	168	14	critical	critical	ADJ
ajfa-6694	168	15	value	value	NOUN
ajfa-6694	168	16	prob	prob	NOUN
ajfa-6694	168	17	.	.	PUNCT
ajfa-6694	169	1	*	*	PUNCT
ajfa-6694	170	1	*	*	PUNCT
ajfa-6694	171	1	none	none	NOUN
ajfa-6694	171	2	*	*	PUNCT
ajfa-6694	171	3	0.971036	0.971036	NUM
ajfa-6694	171	4	460.0959	460.0959	NUM
ajfa-6694	171	5	273.1889	273.1889	NUM
ajfa-6694	171	6	0.0000	0.0000	NUM
ajfa-6694	171	7	at	at	ADP
ajfa-6694	171	8	most	most	ADJ
ajfa-6694	171	9	1	1	NUM
ajfa-6694	171	10	*	*	PUNCT
ajfa-6694	171	11	0.922253	0.922253	NUM
ajfa-6694	172	1	325.5110	325.5110	NUM
ajfa-6694	172	2	228.2979	228.2979	NUM
ajfa-6694	172	3	0.0001	0.0001	NUM
ajfa-6694	172	4	at	at	ADP
ajfa-6694	172	5	most	most	ADJ
ajfa-6694	172	6	2	2	NUM
ajfa-6694	172	7	*	*	PUNCT
ajfa-6694	173	1	0.845773	0.845773	NUM
ajfa-6694	173	2	228.4476	228.4476	NUM
ajfa-6694	173	3	187.4701	187.4701	NUM
ajfa-6694	173	4	0.0001	0.0001	NUM
ajfa-6694	173	5	at	at	ADP
ajfa-6694	173	6	most	most	ADJ
ajfa-6694	173	7	3	3	NUM
ajfa-6694	173	8	*	*	PUNCT
ajfa-6694	173	9	0.744817	0.744817	NUM
ajfa-6694	173	10	157.4129	157.4129	NUM
ajfa-6694	173	11	150.5585	150.5585	NUM
ajfa-6694	173	12	0.0193	0.0193	NUM
ajfa-6694	173	13	at	at	ADP
ajfa-6694	173	14	most	most	ADJ
ajfa-6694	173	15	4	4	NUM
ajfa-6694	173	16	0.594926	0.594926	NUM
ajfa-6694	173	17	105.5135	105.5135	NUM
ajfa-6694	173	18	117.7082	117.7082	NUM
ajfa-6694	173	19	0.2281	0.2281	NUM
ajfa-6694	173	20	at	at	ADP
ajfa-6694	173	21	most	most	ADJ
ajfa-6694	173	22	5	5	NUM
ajfa-6694	173	23	0.514862	0.514862	NUM
ajfa-6694	173	24	71.17338	71.17338	NUM
ajfa-6694	173	25	88.80380	88.80380	NUM
ajfa-6694	173	26	0.4616	0.4616	NUM
ajfa-6694	173	27	at	at	ADP
ajfa-6694	173	28	most	most	ADJ
ajfa-6694	173	29	6	6	NUM
ajfa-6694	173	30	0.344143	0.344143	NUM
ajfa-6694	173	31	43.68713	43.68713	NUM
ajfa-6694	173	32	63.87610	63.87610	NUM
ajfa-6694	173	33	0.7064	0.7064	NUM
ajfa-6694	173	34	at	at	ADP
ajfa-6694	173	35	most	most	ADJ
ajfa-6694	173	36	7	7	NUM
ajfa-6694	173	37	0.297241	0.297241	NUM
ajfa-6694	173	38	27.65826	27.65826	NUM
ajfa-6694	173	39	42.91525	42.91525	NUM
ajfa-6694	173	40	0.6425	0.6425	NUM
ajfa-6694	173	41	at	at	ADP
ajfa-6694	173	42	most	most	ADJ
ajfa-6694	173	43	8	8	NUM
ajfa-6694	173	44	0.256402	0.256402	NUM
ajfa-6694	173	45	14.25408	14.25408	NUM
ajfa-6694	173	46	25.87211	25.87211	NUM
ajfa-6694	174	1	0.6366	0.6366	NUM
ajfa-6694	174	2	at	at	ADP
ajfa-6694	174	3	most	most	ADJ
ajfa-6694	174	4	9	9	NUM
ajfa-6694	174	5	0.075824	0.075824	NUM
ajfa-6694	174	6	2.996411	2.996411	NUM
ajfa-6694	174	7	12.51798	12.51798	NUM
ajfa-6694	174	8	0.8770	0.8770	NUM
ajfa-6694	174	9	*	*	PUNCT
ajfa-6694	174	10	denotes	denote	NOUN
ajfa-6694	174	11	rejection	rejection	NOUN
ajfa-6694	174	12	of	of	ADP
ajfa-6694	174	13	the	the	DET
ajfa-6694	174	14	hypothesis	hypothesis	NOUN
ajfa-6694	174	15	at	at	ADP
ajfa-6694	174	16	the	the	DET
ajfa-6694	174	17	0,05	0,05	NOUN
ajfa-6694	174	18	level	level	NOUN
ajfa-6694	174	19	*	*	PUNCT
ajfa-6694	174	20	*	*	PUNCT
ajfa-6694	174	21	mackinnon	mackinnon	NOUN
ajfa-6694	174	22	-	-	PUNCT
ajfa-6694	174	23	haug	haug	NOUN
ajfa-6694	174	24	-	-	PUNCT
ajfa-6694	174	25	michelis	michelis	PROPN
ajfa-6694	174	26	(	(	PUNCT
ajfa-6694	174	27	1999	1999	NUM
ajfa-6694	174	28	)	)	PUNCT
ajfa-6694	174	29	p	p	X
ajfa-6694	174	30	-	-	PUNCT
ajfa-6694	174	31	value	value	NOUN
ajfa-6694	174	32	based	base	VERB
ajfa-6694	174	33	on	on	ADP
ajfa-6694	174	34	the	the	DET
ajfa-6694	174	35	output	output	NOUN
ajfa-6694	174	36	of	of	ADP
ajfa-6694	174	37	co	co	ADJ
ajfa-6694	174	38	-	-	ADJ
ajfa-6694	174	39	integrated	integrated	ADJ
ajfa-6694	174	40	test	test	NOUN
ajfa-6694	174	41	,	,	PUNCT
ajfa-6694	174	42	it	it	PRON
ajfa-6694	174	43	is	be	AUX
ajfa-6694	174	44	shown	show	VERB
ajfa-6694	174	45	that	that	SCONJ
ajfa-6694	174	46	the	the	DET
ajfa-6694	174	47	value	value	NOUN
ajfa-6694	174	48	of	of	ADP
ajfa-6694	174	49	trace	trace	NOUN
ajfa-6694	174	50	statistic	statistic	NOUN
ajfa-6694	174	51	and	and	CCONJ
ajfa-6694	174	52	max	max	PROPN
ajfa-6694	174	53	-	-	PUNCT
ajfa-6694	174	54	eigen	eigen	PROPN
ajfa-6694	174	55	is	be	AUX
ajfa-6694	174	56	bigger	big	ADJ
ajfa-6694	174	57	than	than	ADP
ajfa-6694	174	58	the	the	DET
ajfa-6694	174	59	critical	critical	ADJ
ajfa-6694	174	60	value	value	NOUN
ajfa-6694	174	61	of	of	ADP
ajfa-6694	174	62	0.05	0.05	NUM
ajfa-6694	174	63	,	,	PUNCT
ajfa-6694	174	64	so	so	SCONJ
ajfa-6694	174	65	that	that	SCONJ
ajfa-6694	174	66	it	it	PRON
ajfa-6694	174	67	can	can	AUX
ajfa-6694	174	68	be	be	AUX
ajfa-6694	174	69	concluded	conclude	VERB
ajfa-6694	174	70	that	that	SCONJ
ajfa-6694	174	71	the	the	DET
ajfa-6694	174	72	aforesaid	aforesaid	ADJ
ajfa-6694	174	73	data	datum	NOUN
ajfa-6694	174	74	are	be	AUX
ajfa-6694	174	75	cointegrated	cointegrate	VERB
ajfa-6694	174	76	.	.	PUNCT
ajfa-6694	175	1	this	this	PRON
ajfa-6694	175	2	indicates	indicate	VERB
ajfa-6694	175	3	that	that	SCONJ
ajfa-6694	175	4	there	there	PRON
ajfa-6694	175	5	is	be	VERB
ajfa-6694	175	6	a	a	DET
ajfa-6694	175	7	long	long	ADJ
ajfa-6694	175	8	term	term	NOUN
ajfa-6694	175	9	relationship	relationship	NOUN
ajfa-6694	175	10	between	between	ADP
ajfa-6694	175	11	variables	variable	NOUN
ajfa-6694	175	12	applied	apply	VERB
ajfa-6694	175	13	in	in	ADP
ajfa-6694	175	14	this	this	DET
ajfa-6694	175	15	research	research	NOUN
ajfa-6694	175	16	and	and	CCONJ
ajfa-6694	175	17	the	the	DET
ajfa-6694	175	18	country	country	NOUN
ajfa-6694	175	19	risk	risk	NOUN
ajfa-6694	175	20	.	.	PUNCT
ajfa-6694	176	1	the	the	DET
ajfa-6694	176	2	co	co	NOUN
ajfa-6694	176	3	-	-	NOUN
ajfa-6694	176	4	integration	integration	NOUN
ajfa-6694	176	5	of	of	ADP
ajfa-6694	176	6	a	a	DET
ajfa-6694	176	7	data	data	NOUN
ajfa-6694	176	8	indicates	indicate	VERB
ajfa-6694	176	9	a	a	DET
ajfa-6694	176	10	proper	proper	ADJ
ajfa-6694	176	11	signal	signal	NOUN
ajfa-6694	176	12	to	to	PART
ajfa-6694	176	13	apply	apply	VERB
ajfa-6694	176	14	the	the	DET
ajfa-6694	176	15	vecm	vecm	NOUN
ajfa-6694	176	16	model	model	NOUN
ajfa-6694	176	17	.	.	PUNCT
ajfa-6694	177	1	estimation	estimation	NOUN
ajfa-6694	177	2	output	output	NOUN
ajfa-6694	177	3	of	of	ADP
ajfa-6694	177	4	the	the	DET
ajfa-6694	177	5	indonesia	indonesia	PROPN
ajfa-6694	177	6	country	country	NOUN
ajfa-6694	177	7	risk	risk	NOUN
ajfa-6694	177	8	using	use	VERB
ajfa-6694	177	9	the	the	DET
ajfa-6694	177	10	vecm	vecm	NOUN
ajfa-6694	177	11	method	method	NOUN
ajfa-6694	177	12	gets	get	VERB
ajfa-6694	177	13	the	the	DET
ajfa-6694	177	14	long	long	ADJ
ajfa-6694	177	15	term	term	NOUN
ajfa-6694	177	16	and	and	CCONJ
ajfa-6694	177	17	the	the	DET
ajfa-6694	177	18	short	short	ADJ
ajfa-6694	177	19	term	term	NOUN
ajfa-6694	177	20	coefficients	coefficient	NOUN
ajfa-6694	177	21	.	.	PUNCT
ajfa-6694	178	1	the	the	DET
ajfa-6694	178	2	output	output	NOUN
ajfa-6694	178	3	of	of	ADP
ajfa-6694	178	4	the	the	DET
ajfa-6694	178	5	long	long	ADJ
ajfa-6694	178	6	term	term	NOUN
ajfa-6694	178	7	vecm	vecm	NOUN
ajfa-6694	178	8	estimation	estimation	NOUN
ajfa-6694	178	9	is	be	AUX
ajfa-6694	178	10	as	as	SCONJ
ajfa-6694	178	11	follows	follow	VERB
ajfa-6694	178	12	:	:	PUNCT
ajfa-6694	178	13	asian	asian	ADJ
ajfa-6694	178	14	journal	journal	NOUN
ajfa-6694	178	15	of	of	ADP
ajfa-6694	178	16	finance	finance	PROPN
ajfa-6694	178	17	&	&	CCONJ
ajfa-6694	178	18	accounting	accounting	PROPN
ajfa-6694	178	19	issn	issn	PROPN
ajfa-6694	178	20	1946	1946	NUM
ajfa-6694	178	21	-	-	PUNCT
ajfa-6694	178	22	052x	052x	NOUN
ajfa-6694	178	23	2015	2015	NUM
ajfa-6694	178	24	,	,	PUNCT
ajfa-6694	178	25	vol	vol	NOUN
ajfa-6694	178	26	.	.	PROPN
ajfa-6694	179	1	7	7	NUM
ajfa-6694	179	2	,	,	PUNCT
ajfa-6694	179	3	no	no	INTJ
ajfa-6694	179	4	.	.	NOUN
ajfa-6694	179	5	1	1	NUM
ajfa-6694	179	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6694	179	7	165	165	NUM
ajfa-6694	179	8	table	table	NOUN
ajfa-6694	179	9	5	5	NUM
ajfa-6694	179	10	.	.	PUNCT
ajfa-6694	179	11	result	result	NOUN
ajfa-6694	179	12	of	of	ADP
ajfa-6694	179	13	vecm	vecm	NOUN
ajfa-6694	179	14	in	in	ADP
ajfa-6694	179	15	the	the	DET
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ajfa-6694	179	17	run	run	NOUN
ajfa-6694	179	18	cointegrating	cointegrate	VERB
ajfa-6694	179	19	eq	eq	ADP
ajfa-6694	179	20	:	:	PUNCT
ajfa-6694	179	21	cointeq1	cointeq1	PROPN
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ajfa-6694	179	33	)	)	PUNCT
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ajfa-6694	179	37	]	]	SYM
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ajfa-6694	181	5	oil*rmsci(-1	oil*rmsci(-1	PROPN
ajfa-6694	181	6	)	)	PUNCT
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ajfa-6694	181	8	[	[	PUNCT
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ajfa-6694	181	10	]	]	X
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ajfa-6694	181	12	)	)	PUNCT
ajfa-6694	181	13	-2.062963	-2.062963	PUNCT
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ajfa-6694	182	16	1.49516	1.49516	NUM
ajfa-6694	182	17	]	]	PUNCT
ajfa-6694	182	18	return	return	NOUN
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ajfa-6694	182	20	)	)	PUNCT
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ajfa-6694	183	1	[	[	X
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ajfa-6694	183	11	]	]	X
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ajfa-6694	183	19	5	5	NUM
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ajfa-6694	183	33	term	term	NOUN
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ajfa-6694	183	35	estimation	estimation	NOUN
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ajfa-6694	183	39	can	can	AUX
ajfa-6694	183	40	be	be	AUX
ajfa-6694	183	41	written	write	VERB
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ajfa-6694	183	44	:	:	PUNCT
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ajfa-6694	183	46	journal	journal	NOUN
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ajfa-6694	183	48	finance	finance	PROPN
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ajfa-6694	183	50	accounting	accounting	PROPN
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ajfa-6694	183	54	052x	052x	NOUN
ajfa-6694	183	55	2015	2015	NUM
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ajfa-6694	183	58	.	.	PROPN
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ajfa-6694	184	3	no	no	INTJ
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ajfa-6694	184	5	1	1	NUM
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ajfa-6694	185	4	t	t	NOUN
ajfa-6694	185	5	+	+	CCONJ
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ajfa-6694	185	8	1,85048	1,85048	NUM
ajfa-6694	185	9	inf*rmscit	inf*rmscit	NOUN
ajfa-6694	185	10	2,2019	2,2019	NUM
ajfa-6694	185	11	grindo*rmscit	grindo*rmscit	NOUN
ajfa-6694	185	12	+	+	CCONJ
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ajfa-6694	185	16	fed*rmsci	fed*rmsci	VERB
ajfa-6694	186	1	it	it	PRON
ajfa-6694	186	2	+	+	CCONJ
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ajfa-6694	186	5	t	t	NOUN
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ajfa-6694	186	13	)	)	PUNCT
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ajfa-6694	186	21	indicates	indicate	VERB
ajfa-6694	186	22	that	that	SCONJ
ajfa-6694	186	23	the	the	DET
ajfa-6694	186	24	exchange	exchange	NOUN
ajfa-6694	186	25	rate	rate	NOUN
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ajfa-6694	186	27	rupiah	rupiah	NOUN
ajfa-6694	186	28	to	to	ADP
ajfa-6694	186	29	us	us	PROPN
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ajfa-6694	186	31	(	(	PUNCT
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ajfa-6694	186	33	)	)	PUNCT
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ajfa-6694	186	36	interest	interest	NOUN
ajfa-6694	186	37	rate	rate	NOUN
ajfa-6694	186	38	of	of	ADP
ajfa-6694	186	39	sbi	sbi	NOUN
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ajfa-6694	186	41	6	6	NUM
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ajfa-6694	186	43	(	(	PUNCT
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ajfa-6694	186	45	)	)	PUNCT
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ajfa-6694	186	49	oil	oil	NOUN
ajfa-6694	186	50	price	price	NOUN
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ajfa-6694	186	53	)	)	PUNCT
ajfa-6694	186	54	,	,	PUNCT
ajfa-6694	186	55	the	the	DET
ajfa-6694	186	56	world	world	NOUN
ajfa-6694	186	57	economic	economic	ADJ
ajfa-6694	186	58	growth	growth	NOUN
ajfa-6694	186	59	(	(	PUNCT
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ajfa-6694	186	61	)	)	PUNCT
ajfa-6694	186	62	,	,	PUNCT
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ajfa-6694	186	65	value	value	NOUN
ajfa-6694	186	66	(	(	PUNCT
ajfa-6694	186	67	fnbs*rmsci	fnbs*rmsci	NOUN
ajfa-6694	186	68	)	)	PUNCT
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ajfa-6694	186	70	positive	positive	ADJ
ajfa-6694	186	71	influence	influence	NOUN
ajfa-6694	186	72	to	to	ADP
ajfa-6694	186	73	the	the	DET
ajfa-6694	186	74	country	country	NOUN
ajfa-6694	186	75	risk	risk	NOUN
ajfa-6694	186	76	in	in	ADP
ajfa-6694	186	77	indonesia	indonesia	PROPN
ajfa-6694	186	78	.	.	PUNCT
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ajfa-6694	187	2	variable	variable	NOUN
ajfa-6694	187	3	,	,	PUNCT
ajfa-6694	187	4	indonesia	indonesia	PROPN
ajfa-6694	187	5	economic	economic	ADJ
ajfa-6694	187	6	growth	growth	NOUN
ajfa-6694	187	7	(	(	PUNCT
ajfa-6694	187	8	grindo*rmsci	grindo*rmsci	PROPN
ajfa-6694	187	9	)	)	PUNCT
ajfa-6694	187	10	,	,	PUNCT
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ajfa-6694	187	13	rate	rate	NOUN
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ajfa-6694	187	22	acwi	acwi	PROPN
ajfa-6694	187	23	imi	imi	PROPN
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ajfa-6694	187	28	the	the	DET
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ajfa-6694	187	30	risk	risk	NOUN
ajfa-6694	187	31	in	in	ADP
ajfa-6694	187	32	indonesia	indonesia	PROPN
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ajfa-6694	188	3	the	the	DET
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ajfa-6694	188	6	vecm	vecm	NOUN
ajfa-6694	188	7	estimation	estimation	NOUN
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ajfa-6694	188	12	:	:	PUNCT
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ajfa-6694	189	9	7	7	NUM
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ajfa-6694	201	4	0.87108	0.87108	NUM
ajfa-6694	201	5	]	]	PUNCT
ajfa-6694	201	6	[	[	PUNCT
ajfa-6694	201	7	]	]	X
ajfa-6694	201	8	=	=	SYM
ajfa-6694	201	9	tstatistic	tstatistic	ADJ
ajfa-6694	201	10	*	*	ADJ
ajfa-6694	201	11	denote	denote	NOUN
ajfa-6694	201	12	significance	significance	NOUN
ajfa-6694	201	13	level	level	NOUN
ajfa-6694	201	14	at	at	ADP
ajfa-6694	201	15	5	5	NUM
ajfa-6694	201	16	%	%	NOUN
ajfa-6694	201	17	and	and	CCONJ
ajfa-6694	201	18	df	df	PROPN
ajfa-6694	201	19	31=	31=	NUM
ajfa-6694	201	20	(	(	PUNCT
ajfa-6694	201	21	2,042	2,042	NUM
ajfa-6694	201	22	)	)	PUNCT
ajfa-6694	201	23	asian	asian	ADJ
ajfa-6694	201	24	journal	journal	NOUN
ajfa-6694	201	25	of	of	ADP
ajfa-6694	201	26	finance	finance	PROPN
ajfa-6694	201	27	&	&	CCONJ
ajfa-6694	201	28	accounting	accounting	PROPN
ajfa-6694	201	29	issn	issn	PROPN
ajfa-6694	201	30	1946	1946	NUM
ajfa-6694	201	31	-	-	PUNCT
ajfa-6694	201	32	052x	052x	NOUN
ajfa-6694	201	33	2015	2015	NUM
ajfa-6694	201	34	,	,	PUNCT
ajfa-6694	201	35	vol	vol	NOUN
ajfa-6694	201	36	.	.	PROPN
ajfa-6694	201	37	7	7	NUM
ajfa-6694	201	38	,	,	PUNCT
ajfa-6694	201	39	no	no	INTJ
ajfa-6694	201	40	.	.	NOUN
ajfa-6694	201	41	1	1	NUM
ajfa-6694	201	42	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-6694	201	43	168	168	NUM
ajfa-6694	201	44	based	base	VERB
ajfa-6694	201	45	on	on	ADP
ajfa-6694	201	46	the	the	DET
ajfa-6694	201	47	result	result	NOUN
ajfa-6694	201	48	of	of	ADP
ajfa-6694	201	49	the	the	DET
ajfa-6694	201	50	said	say	VERB
ajfa-6694	201	51	vecm	vecm	NOUN
ajfa-6694	201	52	estimation	estimation	PROPN
ajfa-6694	201	53	,	,	PUNCT
ajfa-6694	201	54	the	the	DET
ajfa-6694	201	55	short	short	ADJ
ajfa-6694	201	56	term	term	NOUN
ajfa-6694	201	57	equation	equation	NOUN
ajfa-6694	201	58	can	can	AUX
ajfa-6694	201	59	be	be	AUX
ajfa-6694	201	60	written	write	VERB
ajfa-6694	201	61	as	as	SCONJ
ajfa-6694	201	62	follows	follow	VERB
ajfa-6694	201	63	:	:	PUNCT
ajfa-6694	201	64	δrihsgt	δrihsgt	NOUN
ajfa-6694	201	65	=	=	PUNCT
ajfa-6694	202	1	0.0343	0.0343	NUM
ajfa-6694	202	2	0.3466	0.3466	NUM
ajfa-6694	202	3	coint.eq	coint.eq	X
ajfa-6694	202	4	0.3072δrihsgt-1	0.3072δrihsgt-1	NOUN
ajfa-6694	202	5	+	+	CCONJ
ajfa-6694	202	6	0.001606	0.001606	NUM
ajfa-6694	202	7	δ	δ	NOUN
ajfa-6694	202	8	ntr*rmscit-1	ntr*rmscit-1	PROPN
ajfa-6694	202	9	+	+	NUM
ajfa-6694	202	10	0.677907	0.677907	NUM
ajfa-6694	202	11	δ	δ	NOUN
ajfa-6694	202	12	sbi*rmscit-1	sbi*rmscit-1	VERB
ajfa-6694	202	13	0.359988	0.359988	NUM
ajfa-6694	202	14	δ	δ	NOUN
ajfa-6694	202	15	inf*rmsci	inf*rmsci	PROPN
ajfa-6694	202	16	t-1	t-1	PROPN
ajfa-6694	202	17	+	+	CCONJ
ajfa-6694	202	18	0.077975	0.077975	NUM
ajfa-6694	202	19	δgrindo*rmscit-1	δgrindo*rmscit-1	NOUN
ajfa-6694	202	20	+	+	CCONJ
ajfa-6694	202	21	0.020491	0.020491	NUM
ajfa-6694	202	22	δoil*rmscit-1	δoil*rmscit-1	NOUN
ajfa-6694	202	23	0.492326	0.492326	NUM
ajfa-6694	202	24	δ	δ	NOUN
ajfa-6694	202	25	fed*rmscit-1	fed*rmscit-1	PUNCT
ajfa-6694	203	1	+	+	NUM
ajfa-6694	203	2	0.477636	0.477636	NUM
ajfa-6694	203	3	δ	δ	NOUN
ajfa-6694	203	4	grdunia*rmscit-1	grdunia*rmscit-1	NOUN
ajfa-6694	203	5	0.055585δ	0.055585δ	PROPN
ajfa-6694	203	6	fnbs*rmsci	fnbs*rmsci	PROPN
ajfa-6694	203	7	t-1	t-1	PROPN
ajfa-6694	203	8	20.39836	20.39836	NUM
ajfa-6694	203	9	δrmscit-1	δrmscit-1	NUM
ajfa-6694	203	10	(	(	PUNCT
ajfa-6694	203	11	8)	8)	NUM
ajfa-6694	203	12	the	the	DET
ajfa-6694	203	13	above	above	ADJ
ajfa-6694	203	14	equation	equation	NOUN
ajfa-6694	203	15	model	model	NOUN
ajfa-6694	203	16	indicates	indicate	VERB
ajfa-6694	203	17	that	that	SCONJ
ajfa-6694	203	18	for	for	ADP
ajfa-6694	203	19	the	the	DET
ajfa-6694	203	20	short	short	ADJ
ajfa-6694	203	21	term	term	NOUN
ajfa-6694	203	22	,	,	PUNCT
ajfa-6694	203	23	the	the	DET
ajfa-6694	203	24	exchange	exchange	NOUN
ajfa-6694	203	25	rate	rate	NOUN
ajfa-6694	203	26	of	of	ADP
ajfa-6694	203	27	rupiah	rupiah	NOUN
ajfa-6694	203	28	to	to	ADP
ajfa-6694	203	29	us	us	PROPN
ajfa-6694	203	30	dollar	dollar	NOUN
ajfa-6694	203	31	(	(	PUNCT
ajfa-6694	203	32	ntr*rmsci	ntr*rmsci	PROPN
ajfa-6694	203	33	)	)	PUNCT
ajfa-6694	203	34	,	,	PUNCT
ajfa-6694	203	35	the	the	DET
ajfa-6694	203	36	interest	interest	NOUN
ajfa-6694	203	37	rate	rate	NOUN
ajfa-6694	203	38	of	of	ADP
ajfa-6694	203	39	sbi	sbi	NOUN
ajfa-6694	203	40	for	for	ADP
ajfa-6694	203	41	6	6	NUM
ajfa-6694	203	42	months	month	NOUN
ajfa-6694	203	43	(	(	PUNCT
ajfa-6694	203	44	sbi*rmsci	sbi*rmsci	NOUN
ajfa-6694	203	45	)	)	PUNCT
ajfa-6694	203	46	,	,	PUNCT
ajfa-6694	203	47	indonesia	indonesia	PROPN
ajfa-6694	203	48	economic	economic	ADJ
ajfa-6694	203	49	growth	growth	NOUN
ajfa-6694	203	50	(	(	PUNCT
ajfa-6694	203	51	grindo*rmsci	grindo*rmsci	PROPN
ajfa-6694	203	52	)	)	PUNCT
ajfa-6694	203	53	,	,	PUNCT
ajfa-6694	203	54	the	the	DET
ajfa-6694	203	55	world	world	NOUN
ajfa-6694	203	56	oil	oil	NOUN
ajfa-6694	203	57	price	price	NOUN
ajfa-6694	203	58	(	(	PUNCT
ajfa-6694	203	59	oil*rmsci	oil*rmsci	PROPN
ajfa-6694	203	60	)	)	PUNCT
ajfa-6694	203	61	,	,	PUNCT
ajfa-6694	203	62	and	and	CCONJ
ajfa-6694	203	63	the	the	DET
ajfa-6694	203	64	world	world	NOUN
ajfa-6694	203	65	economic	economic	ADJ
ajfa-6694	203	66	growth	growth	NOUN
ajfa-6694	203	67	(	(	PUNCT
ajfa-6694	203	68	grdunia*rmsci	grdunia*rmsci	NOUN
ajfa-6694	203	69	)	)	PUNCT
ajfa-6694	203	70	have	have	VERB
ajfa-6694	203	71	positive	positive	ADJ
ajfa-6694	203	72	influence	influence	NOUN
ajfa-6694	203	73	to	to	ADP
ajfa-6694	203	74	the	the	DET
ajfa-6694	203	75	country	country	NOUN
ajfa-6694	203	76	risk	risk	NOUN
ajfa-6694	203	77	in	in	ADP
ajfa-6694	203	78	indonesia	indonesia	PROPN
ajfa-6694	203	79	.	.	PUNCT
ajfa-6694	204	1	inflation	inflation	NOUN
ajfa-6694	204	2	(	(	PUNCT
ajfa-6694	204	3	inf*rmsci	inf*rmsci	PROPN
ajfa-6694	204	4	)	)	PUNCT
ajfa-6694	204	5	,	,	PUNCT
ajfa-6694	204	6	fed	fed	PROPN
ajfa-6694	204	7	fund	fund	NOUN
ajfa-6694	204	8	rate	rate	NOUN
ajfa-6694	204	9	(	(	PUNCT
ajfa-6694	204	10	fed*rmsci	fed*rmsci	NOUN
ajfa-6694	204	11	)	)	PUNCT
ajfa-6694	204	12	and	and	CCONJ
ajfa-6694	204	13	foreign	foreign	ADJ
ajfa-6694	204	14	transaction	transaction	NOUN
ajfa-6694	204	15	value	value	NOUN
ajfa-6694	204	16	(	(	PUNCT
ajfa-6694	204	17	fnbs*rmsci	fnbs*rmsci	PROPN
ajfa-6694	204	18	)	)	PUNCT
ajfa-6694	204	19	as	as	ADV
ajfa-6694	204	20	well	well	ADV
ajfa-6694	204	21	as	as	ADP
ajfa-6694	204	22	the	the	DET
ajfa-6694	204	23	return	return	NOUN
ajfa-6694	204	24	of	of	ADP
ajfa-6694	204	25	msci	msci	PROPN
ajfa-6694	204	26	have	have	VERB
ajfa-6694	204	27	negative	negative	ADJ
ajfa-6694	204	28	influence	influence	NOUN
ajfa-6694	204	29	to	to	ADP
ajfa-6694	204	30	the	the	DET
ajfa-6694	204	31	country	country	NOUN
ajfa-6694	204	32	risk	risk	NOUN
ajfa-6694	204	33	in	in	ADP
ajfa-6694	204	34	indonesia	indonesia	PROPN
ajfa-6694	204	35	.	.	PUNCT
ajfa-6694	205	1	the	the	DET
ajfa-6694	205	2	presence	presence	NOUN
ajfa-6694	205	3	of	of	ADP
ajfa-6694	205	4	co	co	NOUN
ajfa-6694	205	5	-	-	NOUN
ajfa-6694	205	6	integration	integration	NOUN
ajfa-6694	205	7	between	between	ADP
ajfa-6694	205	8	dependent	dependent	ADJ
ajfa-6694	205	9	variables	variable	NOUN
ajfa-6694	205	10	and	and	CCONJ
ajfa-6694	205	11	independent	independent	ADJ
ajfa-6694	205	12	variables	variable	NOUN
ajfa-6694	205	13	or	or	CCONJ
ajfa-6694	205	14	the	the	DET
ajfa-6694	205	15	long	long	ADJ
ajfa-6694	205	16	term	term	NOUN
ajfa-6694	205	17	equilibrium	equilibrium	NOUN
ajfa-6694	205	18	enables	enable	VERB
ajfa-6694	205	19	to	to	PART
ajfa-6694	205	20	cause	cause	VERB
ajfa-6694	205	21	the	the	DET
ajfa-6694	205	22	occurrence	occurrence	NOUN
ajfa-6694	205	23	of	of	ADP
ajfa-6694	205	24	short	short	ADJ
ajfa-6694	205	25	term	term	NOUN
ajfa-6694	205	26	disequilibrium	disequilibrium	NOUN
ajfa-6694	205	27	.	.	PUNCT
ajfa-6694	206	1	this	this	DET
ajfa-6694	206	2	disequilibrium	disequilibrium	NOUN
ajfa-6694	206	3	is	be	AUX
ajfa-6694	206	4	frequently	frequently	ADV
ajfa-6694	206	5	found	find	VERB
ajfa-6694	206	6	at	at	ADP
ajfa-6694	206	7	the	the	DET
ajfa-6694	206	8	economic	economic	ADJ
ajfa-6694	206	9	behavior	behavior	NOUN
ajfa-6694	206	10	,	,	PUNCT
ajfa-6694	206	11	meaning	mean	VERB
ajfa-6694	206	12	that	that	SCONJ
ajfa-6694	206	13	what	what	PRON
ajfa-6694	206	14	is	be	AUX
ajfa-6694	206	15	needed	need	VERB
ajfa-6694	206	16	by	by	ADP
ajfa-6694	206	17	the	the	DET
ajfa-6694	206	18	economic	economic	ADJ
ajfa-6694	206	19	doers	doer	NOUN
ajfa-6694	206	20	is	be	AUX
ajfa-6694	206	21	not	not	PART
ajfa-6694	206	22	always	always	ADV
ajfa-6694	206	23	the	the	DET
ajfa-6694	206	24	same	same	ADJ
ajfa-6694	206	25	with	with	ADP
ajfa-6694	206	26	what	what	PRON
ajfa-6694	206	27	actually	actually	ADV
ajfa-6694	206	28	happens	happen	VERB
ajfa-6694	206	29	,	,	PUNCT
ajfa-6694	206	30	so	so	SCONJ
ajfa-6694	206	31	that	that	SCONJ
ajfa-6694	206	32	an	an	DET
ajfa-6694	206	33	adjustment	adjustment	NOUN
ajfa-6694	206	34	is	be	AUX
ajfa-6694	206	35	required	require	VERB
ajfa-6694	206	36	due	due	ADP
ajfa-6694	206	37	to	to	ADP
ajfa-6694	206	38	the	the	DET
ajfa-6694	206	39	said	say	VERB
ajfa-6694	206	40	difference	difference	NOUN
ajfa-6694	206	41	.	.	PUNCT
ajfa-6694	207	1	the	the	DET
ajfa-6694	207	2	model	model	NOUN
ajfa-6694	207	3	including	include	VERB
ajfa-6694	207	4	the	the	DET
ajfa-6694	207	5	adjustment	adjustment	NOUN
ajfa-6694	207	6	for	for	ADP
ajfa-6694	207	7	such	such	ADJ
ajfa-6694	207	8	equilibrium	equilibrium	NOUN
ajfa-6694	207	9	correction	correction	NOUN
ajfa-6694	207	10	is	be	AUX
ajfa-6694	207	11	called	call	VERB
ajfa-6694	207	12	error	error	NOUN
ajfa-6694	207	13	correction	correction	NOUN
ajfa-6694	207	14	method	method	NOUN
ajfa-6694	207	15	(	(	PUNCT
ajfa-6694	207	16	ecm	ecm	PROPN
ajfa-6694	207	17	)	)	PUNCT
ajfa-6694	207	18	.	.	PUNCT
ajfa-6694	208	1	according	accord	VERB
ajfa-6694	208	2	to	to	ADP
ajfa-6694	208	3	gujarati	gujarati	PROPN
ajfa-6694	208	4	and	and	CCONJ
ajfa-6694	208	5	porter	porter	PROPN
ajfa-6694	208	6	(	(	PUNCT
ajfa-6694	208	7	2010	2010	NUM
ajfa-6694	208	8	,	,	PUNCT
ajfa-6694	208	9	p.	p.	NOUN
ajfa-6694	208	10	459	459	NUM
ajfa-6694	208	11	)	)	PUNCT
ajfa-6694	208	12	,	,	PUNCT
ajfa-6694	208	13	the	the	DET
ajfa-6694	208	14	speed	speed	NOUN
ajfa-6694	208	15	of	of	ADP
ajfa-6694	208	16	adjustment	adjustment	NOUN
ajfa-6694	208	17	coefficient	coefficient	NOUN
ajfa-6694	208	18	had	have	VERB
ajfa-6694	208	19	the	the	DET
ajfa-6694	208	20	value	value	NOUN
ajfa-6694	208	21	from	from	ADP
ajfa-6694	208	22	zero	zero	NUM
ajfa-6694	208	23	until	until	ADP
ajfa-6694	208	24	one	one	NUM
ajfa-6694	208	25	.	.	PUNCT
ajfa-6694	209	1	based	base	VERB
ajfa-6694	209	2	on	on	ADP
ajfa-6694	209	3	the	the	DET
ajfa-6694	209	4	output	output	NOUN
ajfa-6694	209	5	of	of	ADP
ajfa-6694	209	6	short	short	ADJ
ajfa-6694	209	7	term	term	NOUN
ajfa-6694	209	8	vecm	vecm	NOUN
ajfa-6694	209	9	estimation	estimation	NOUN
ajfa-6694	209	10	,	,	PUNCT
ajfa-6694	209	11	it	it	PRON
ajfa-6694	209	12	is	be	AUX
ajfa-6694	209	13	found	find	VERB
ajfa-6694	209	14	out	out	ADP
ajfa-6694	209	15	that	that	SCONJ
ajfa-6694	209	16	the	the	DET
ajfa-6694	209	17	value	value	NOUN
ajfa-6694	209	18	of	of	ADP
ajfa-6694	209	19	ect	ect	PROPN
ajfa-6694	209	20	is	be	AUX
ajfa-6694	209	21	–	–	PUNCT
ajfa-6694	209	22	0.34668	0.34668	NUM
ajfa-6694	209	23	,	,	PUNCT
ajfa-6694	209	24	and	and	CCONJ
ajfa-6694	209	25	such	such	ADJ
ajfa-6694	209	26	value	value	NOUN
ajfa-6694	209	27	indicates	indicate	VERB
ajfa-6694	209	28	that	that	SCONJ
ajfa-6694	209	29	the	the	DET
ajfa-6694	209	30	disequilibrium	disequilibrium	NOUN
ajfa-6694	209	31	is	be	AUX
ajfa-6694	209	32	previously	previously	ADV
ajfa-6694	209	33	corrected	correct	VERB
ajfa-6694	209	34	at	at	ADP
ajfa-6694	209	35	the	the	DET
ajfa-6694	209	36	current	current	ADJ
ajfa-6694	209	37	period	period	NOUN
ajfa-6694	209	38	at	at	ADP
ajfa-6694	209	39	the	the	DET
ajfa-6694	209	40	amount	amount	NOUN
ajfa-6694	209	41	of	of	ADP
ajfa-6694	209	42	0.34668	0.34668	NUM
ajfa-6694	209	43	%	%	NOUN
ajfa-6694	209	44	.	.	PUNCT
ajfa-6694	210	1	ect	ect	PROPN
ajfa-6694	210	2	indicates	indicate	VERB
ajfa-6694	210	3	how	how	SCONJ
ajfa-6694	210	4	fast	fast	ADV
ajfa-6694	210	5	the	the	DET
ajfa-6694	210	6	disequilibrium	disequilibrium	NOUN
ajfa-6694	210	7	returns	return	NOUN
ajfa-6694	210	8	back	back	ADV
ajfa-6694	210	9	to	to	ADP
ajfa-6694	210	10	the	the	DET
ajfa-6694	210	11	long	long	ADJ
ajfa-6694	210	12	term	term	NOUN
ajfa-6694	210	13	equilibrium	equilibrium	NOUN
ajfa-6694	210	14	.	.	PUNCT
ajfa-6694	211	1	6	6	NUM
ajfa-6694	211	2	.	.	X
ajfa-6694	211	3	conclusion	conclusion	NOUN
ajfa-6694	211	4	based	base	VERB
ajfa-6694	211	5	on	on	ADP
ajfa-6694	211	6	the	the	DET
ajfa-6694	211	7	output	output	NOUN
ajfa-6694	211	8	of	of	ADP
ajfa-6694	211	9	the	the	DET
ajfa-6694	211	10	long	long	ADJ
ajfa-6694	211	11	term	term	NOUN
ajfa-6694	211	12	vecm	vecm	NOUN
ajfa-6694	211	13	estimation	estimation	NOUN
ajfa-6694	211	14	,	,	PUNCT
ajfa-6694	211	15	all	all	DET
ajfa-6694	211	16	variables	variable	NOUN
ajfa-6694	211	17	of	of	ADP
ajfa-6694	211	18	internal	internal	ADJ
ajfa-6694	211	19	macro	macro	NOUN
ajfa-6694	211	20	-	-	NOUN
ajfa-6694	211	21	economy	economy	NOUN
ajfa-6694	211	22	significantly	significantly	ADV
ajfa-6694	211	23	influence	influence	VERB
ajfa-6694	211	24	the	the	DET
ajfa-6694	211	25	country	country	NOUN
ajfa-6694	211	26	risk	risk	NOUN
ajfa-6694	211	27	in	in	ADP
ajfa-6694	211	28	indonesia	indonesia	PROPN
ajfa-6694	211	29	.	.	PUNCT
ajfa-6694	212	1	however	however	ADV
ajfa-6694	212	2	,	,	PUNCT
ajfa-6694	212	3	output	output	NOUN
ajfa-6694	212	4	of	of	ADP
ajfa-6694	212	5	the	the	DET
ajfa-6694	212	6	short	short	ADJ
ajfa-6694	212	7	term	term	NOUN
ajfa-6694	212	8	vecm	vecm	NOUN
ajfa-6694	212	9	estimation	estimation	NOUN
ajfa-6694	212	10	indicates	indicate	VERB
ajfa-6694	212	11	that	that	SCONJ
ajfa-6694	212	12	only	only	ADV
ajfa-6694	212	13	the	the	DET
ajfa-6694	212	14	variables	variable	NOUN
ajfa-6694	212	15	of	of	ADP
ajfa-6694	212	16	exchange	exchange	NOUN
ajfa-6694	212	17	rate	rate	NOUN
ajfa-6694	212	18	of	of	ADP
ajfa-6694	212	19	rupiah	rupiah	NOUN
ajfa-6694	212	20	to	to	ADP
ajfa-6694	212	21	us	us	PROPN
ajfa-6694	212	22	dollar	dollar	NOUN
ajfa-6694	212	23	and	and	CCONJ
ajfa-6694	212	24	the	the	DET
ajfa-6694	212	25	interest	interest	NOUN
ajfa-6694	212	26	rate	rate	NOUN
ajfa-6694	212	27	of	of	ADP
ajfa-6694	212	28	sbi	sbi	NOUN
ajfa-6694	212	29	for	for	ADP
ajfa-6694	212	30	6	6	NUM
ajfa-6694	212	31	months	month	NOUN
ajfa-6694	212	32	have	have	VERB
ajfa-6694	212	33	positive	positive	ADJ
ajfa-6694	212	34	influence	influence	NOUN
ajfa-6694	212	35	to	to	ADP
ajfa-6694	212	36	the	the	DET
ajfa-6694	212	37	country	country	NOUN
ajfa-6694	212	38	risk	risk	NOUN
ajfa-6694	212	39	in	in	ADP
ajfa-6694	212	40	indonesia	indonesia	PROPN
ajfa-6694	212	41	.	.	PUNCT
ajfa-6694	213	1	the	the	DET
ajfa-6694	213	2	internal	internal	ADJ
ajfa-6694	213	3	factor	factor	NOUN
ajfa-6694	213	4	having	have	VERB
ajfa-6694	213	5	very	very	ADV
ajfa-6694	213	6	great	great	ADJ
ajfa-6694	213	7	influence	influence	NOUN
ajfa-6694	213	8	to	to	ADP
ajfa-6694	213	9	the	the	DET
ajfa-6694	213	10	country	country	NOUN
ajfa-6694	213	11	risk	risk	NOUN
ajfa-6694	213	12	in	in	ADP
ajfa-6694	213	13	this	this	DET
ajfa-6694	213	14	study	study	NOUN
ajfa-6694	213	15	is	be	AUX
ajfa-6694	213	16	the	the	DET
ajfa-6694	213	17	sbi	sbi	PROPN
ajfa-6694	213	18	interest	interest	NOUN
ajfa-6694	213	19	rate	rate	NOUN
ajfa-6694	213	20	in	in	ADP
ajfa-6694	213	21	6	6	NUM
ajfa-6694	213	22	months	month	NOUN
ajfa-6694	213	23	,	,	PUNCT
ajfa-6694	213	24	namely	namely	ADV
ajfa-6694	213	25	at	at	ADP
ajfa-6694	213	26	the	the	DET
ajfa-6694	213	27	amount	amount	NOUN
ajfa-6694	213	28	of	of	ADP
ajfa-6694	213	29	2.70923	2.70923	NUM
ajfa-6694	213	30	%	%	NOUN
ajfa-6694	213	31	.	.	PUNCT
ajfa-6694	214	1	the	the	DET
ajfa-6694	214	2	indonesia	indonesia	PROPN
ajfa-6694	214	3	economic	economic	ADJ
ajfa-6694	214	4	growth	growth	NOUN
ajfa-6694	214	5	has	have	VERB
ajfa-6694	214	6	negative	negative	ADJ
ajfa-6694	214	7	significant	significant	ADJ
ajfa-6694	214	8	to	to	ADP
ajfa-6694	214	9	the	the	DET
ajfa-6694	214	10	country	country	NOUN
ajfa-6694	214	11	risk	risk	NOUN
ajfa-6694	214	12	,	,	PUNCT
ajfa-6694	214	13	namely	namely	ADV
ajfa-6694	214	14	at	at	ADP
ajfa-6694	214	15	the	the	DET
ajfa-6694	214	16	amount	amount	NOUN
ajfa-6694	214	17	of	of	ADP
ajfa-6694	214	18	2.2019	2.2019	NUM
ajfa-6694	214	19	%	%	NOUN
ajfa-6694	214	20	.	.	PUNCT
ajfa-6694	215	1	inflation	inflation	NOUN
ajfa-6694	215	2	has	have	VERB
ajfa-6694	215	3	negative	negative	ADJ
ajfa-6694	215	4	significant	significant	ADJ
ajfa-6694	215	5	influence	influence	NOUN
ajfa-6694	215	6	to	to	ADP
ajfa-6694	215	7	the	the	DET
ajfa-6694	215	8	country	country	NOUN
ajfa-6694	215	9	risk	risk	NOUN
ajfa-6694	215	10	at	at	ADP
ajfa-6694	215	11	the	the	DET
ajfa-6694	215	12	amount	amount	NOUN
ajfa-6694	215	13	of	of	ADP
ajfa-6694	215	14	1.8504	1.8504	NUM
ajfa-6694	215	15	%	%	NOUN
ajfa-6694	215	16	and	and	CCONJ
ajfa-6694	215	17	the	the	DET
ajfa-6694	215	18	variable	variable	NOUN
ajfa-6694	215	19	having	have	VERB
ajfa-6694	215	20	the	the	DET
ajfa-6694	215	21	smallest	small	ADJ
ajfa-6694	215	22	but	but	CCONJ
ajfa-6694	215	23	significant	significant	ADJ
ajfa-6694	215	24	influence	influence	NOUN
ajfa-6694	215	25	to	to	ADP
ajfa-6694	215	26	the	the	DET
ajfa-6694	215	27	country	country	NOUN
ajfa-6694	215	28	risk	risk	NOUN
ajfa-6694	215	29	is	be	AUX
ajfa-6694	215	30	the	the	DET
ajfa-6694	215	31	exchange	exchange	NOUN
ajfa-6694	215	32	rate	rate	NOUN
ajfa-6694	215	33	of	of	ADP
ajfa-6694	215	34	rupiah	rupiah	NOUN
ajfa-6694	215	35	to	to	ADP
ajfa-6694	215	36	us	us	PROPN
ajfa-6694	215	37	dollar	dollar	NOUN
ajfa-6694	215	38	,	,	PUNCT
ajfa-6694	215	39	namely	namely	ADV
ajfa-6694	215	40	0.0056	0.0056	NUM
ajfa-6694	215	41	.	.	PUNCT
ajfa-6694	216	1	according	accord	VERB
ajfa-6694	216	2	to	to	ADP
ajfa-6694	216	3	output	output	NOUN
ajfa-6694	216	4	of	of	ADP
ajfa-6694	216	5	the	the	DET
ajfa-6694	216	6	long	long	ADJ
ajfa-6694	216	7	term	term	NOUN
ajfa-6694	216	8	vecm	vecm	NOUN
ajfa-6694	216	9	estimation	estimation	NOUN
ajfa-6694	216	10	,	,	PUNCT
ajfa-6694	216	11	the	the	DET
ajfa-6694	216	12	external	external	ADJ
ajfa-6694	216	13	factors	factor	NOUN
ajfa-6694	216	14	the	the	PRON
ajfa-6694	216	15	having	have	VERB
ajfa-6694	216	16	significant	significant	ADJ
ajfa-6694	216	17	influence	influence	NOUN
ajfa-6694	216	18	to	to	ADP
ajfa-6694	216	19	the	the	DET
ajfa-6694	216	20	country	country	NOUN
ajfa-6694	216	21	risk	risk	NOUN
ajfa-6694	216	22	in	in	ADP
ajfa-6694	216	23	indonesia	indonesia	PROPN
ajfa-6694	216	24	are	be	AUX
ajfa-6694	216	25	fed	fed	PROPN
ajfa-6694	216	26	fund	fund	NOUN
ajfa-6694	216	27	rate	rate	NOUN
ajfa-6694	216	28	,	,	PUNCT
ajfa-6694	216	29	the	the	DET
ajfa-6694	216	30	world	world	NOUN
ajfa-6694	216	31	economic	economic	ADJ
ajfa-6694	216	32	growth	growth	NOUN
ajfa-6694	216	33	,	,	PUNCT
ajfa-6694	216	34	and	and	CCONJ
ajfa-6694	216	35	the	the	DET
ajfa-6694	216	36	return	return	NOUN
ajfa-6694	216	37	of	of	ADP
ajfa-6694	216	38	msci	msci	PROPN
ajfa-6694	216	39	acwi	acwi	VERB
ajfa-6694	216	40	imi	imi	PROPN
ajfa-6694	216	41	.	.	PUNCT
ajfa-6694	217	1	the	the	DET
ajfa-6694	217	2	output	output	NOUN
ajfa-6694	217	3	of	of	ADP
ajfa-6694	217	4	short	short	ADJ
ajfa-6694	217	5	term	term	NOUN
ajfa-6694	217	6	estimation	estimation	NOUN
ajfa-6694	217	7	indicates	indicate	VERB
ajfa-6694	217	8	that	that	SCONJ
ajfa-6694	217	9	variables	variable	NOUN
ajfa-6694	217	10	having	have	VERB
ajfa-6694	217	11	significant	significant	ADJ
ajfa-6694	217	12	influence	influence	NOUN
ajfa-6694	217	13	to	to	ADP
ajfa-6694	217	14	the	the	DET
ajfa-6694	217	15	country	country	NOUN
ajfa-6694	217	16	risk	risk	NOUN
ajfa-6694	217	17	are	be	AUX
ajfa-6694	217	18	fed	feed	VERB
ajfa-6694	217	19	fund	fund	NOUN
ajfa-6694	217	20	rate	rate	NOUN
ajfa-6694	217	21	and	and	CCONJ
ajfa-6694	217	22	the	the	DET
ajfa-6694	217	23	return	return	NOUN
ajfa-6694	217	24	of	of	ADP
ajfa-6694	217	25	msci	msci	PROPN
ajfa-6694	217	26	acwi	acwi	VERB
ajfa-6694	217	27	imi	imi	PROPN
ajfa-6694	217	28	.	.	PUNCT
ajfa-6694	218	1	the	the	DET
ajfa-6694	218	2	world	world	NOUN
ajfa-6694	218	3	economic	economic	ADJ
ajfa-6694	218	4	growth	growth	NOUN
ajfa-6694	218	5	significantly	significantly	ADV
ajfa-6694	218	6	influences	influence	VERB
ajfa-6694	218	7	the	the	DET
ajfa-6694	218	8	country	country	NOUN
ajfa-6694	218	9	asian	asian	ADJ
ajfa-6694	218	10	journal	journal	NOUN
ajfa-6694	218	11	of	of	ADP
ajfa-6694	218	12	finance	finance	PROPN
ajfa-6694	218	13	&	&	CCONJ
ajfa-6694	218	14	accounting	accounting	PROPN
ajfa-6694	218	15	issn	issn	PROPN
ajfa-6694	218	16	1946	1946	NUM
ajfa-6694	218	17	-	-	PUNCT
ajfa-6694	218	18	052x	052x	NOUN
ajfa-6694	218	19	2015	2015	NUM
ajfa-6694	218	20	,	,	PUNCT
ajfa-6694	218	21	vol	vol	NOUN
ajfa-6694	218	22	.	.	PROPN
ajfa-6694	218	23	7	7	NUM
ajfa-6694	218	24	,	,	PUNCT
ajfa-6694	218	25	no	no	INTJ
ajfa-6694	218	26	.	.	NOUN
ajfa-6694	218	27	1	1	NUM
ajfa-6694	218	28	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6694	218	29	169	169	NUM
ajfa-6694	218	30	risk	risk	NOUN
ajfa-6694	218	31	for	for	ADP
ajfa-6694	218	32	the	the	DET
ajfa-6694	218	33	output	output	NOUN
ajfa-6694	218	34	of	of	ADP
ajfa-6694	218	35	short	short	ADJ
ajfa-6694	218	36	term	term	NOUN
ajfa-6694	218	37	vecm	vecm	NOUN
ajfa-6694	218	38	estimation	estimation	NOUN
ajfa-6694	218	39	.	.	PUNCT
ajfa-6694	219	1	the	the	DET
ajfa-6694	219	2	world	world	NOUN
ajfa-6694	219	3	oil	oil	NOUN
ajfa-6694	219	4	price	price	NOUN
ajfa-6694	219	5	and	and	CCONJ
ajfa-6694	219	6	foreign	foreign	ADJ
ajfa-6694	219	7	net	net	ADJ
ajfa-6694	219	8	buying	buying	NOUN
ajfa-6694	219	9	/	/	SYM
ajfa-6694	219	10	selling	selling	NOUN
ajfa-6694	219	11	insignificantly	insignificantly	ADV
ajfa-6694	219	12	influences	influence	VERB
ajfa-6694	219	13	the	the	DET
ajfa-6694	219	14	country	country	NOUN
ajfa-6694	219	15	risk	risk	NOUN
ajfa-6694	219	16	based	base	VERB
ajfa-6694	219	17	on	on	ADP
ajfa-6694	219	18	the	the	DET
ajfa-6694	219	19	outputs	output	NOUN
ajfa-6694	219	20	of	of	ADP
ajfa-6694	219	21	either	either	CCONJ
ajfa-6694	219	22	long	long	ADJ
ajfa-6694	219	23	term	term	NOUN
ajfa-6694	219	24	or	or	CCONJ
ajfa-6694	219	25	short	short	ADJ
ajfa-6694	219	26	term	term	NOUN
ajfa-6694	219	27	vecm	vecm	NOUN
ajfa-6694	219	28	estimation	estimation	NOUN
ajfa-6694	219	29	.	.	PUNCT
ajfa-6694	220	1	the	the	DET
ajfa-6694	220	2	return	return	NOUN
ajfa-6694	220	3	of	of	ADP
ajfa-6694	220	4	msci	msci	PROPN
ajfa-6694	220	5	acwi	acwi	PROPN
ajfa-6694	220	6	imi	imi	PROPN
ajfa-6694	220	7	has	have	VERB
ajfa-6694	220	8	a	a	DET
ajfa-6694	220	9	great	great	ADJ
ajfa-6694	220	10	influence	influence	NOUN
ajfa-6694	220	11	to	to	ADP
ajfa-6694	220	12	the	the	DET
ajfa-6694	220	13	country	country	NOUN
ajfa-6694	220	14	risk	risk	NOUN
ajfa-6694	220	15	in	in	ADP
ajfa-6694	220	16	indonesia	indonesia	PROPN
ajfa-6694	220	17	,	,	PUNCT
ajfa-6694	220	18	namely	namely	ADV
ajfa-6694	220	19	at	at	ADP
ajfa-6694	220	20	the	the	DET
ajfa-6694	220	21	amount	amount	NOUN
ajfa-6694	220	22	of	of	ADP
ajfa-6694	220	23	52.5694	52.5694	NUM
ajfa-6694	220	24	%	%	NOUN
ajfa-6694	220	25	,	,	PUNCT
ajfa-6694	220	26	so	so	SCONJ
ajfa-6694	220	27	that	that	SCONJ
ajfa-6694	220	28	this	this	DET
ajfa-6694	220	29	variable	variable	ADJ
ajfa-6694	220	30	influences	influence	VERB
ajfa-6694	220	31	very	very	ADV
ajfa-6694	220	32	much	much	ADV
ajfa-6694	220	33	to	to	ADP
ajfa-6694	220	34	the	the	DET
ajfa-6694	220	35	investors	investor	NOUN
ajfa-6694	220	36	in	in	ADP
ajfa-6694	220	37	making	make	VERB
ajfa-6694	220	38	their	their	PRON
ajfa-6694	220	39	decision	decision	NOUN
ajfa-6694	220	40	to	to	PART
ajfa-6694	220	41	make	make	VERB
ajfa-6694	220	42	investment	investment	NOUN
ajfa-6694	220	43	in	in	ADP
ajfa-6694	220	44	indonesia	indonesia	PROPN
ajfa-6694	220	45	.	.	PUNCT
ajfa-6694	221	1	the	the	DET
ajfa-6694	221	2	variable	variable	NOUN
ajfa-6694	221	3	with	with	ADP
ajfa-6694	221	4	the	the	DET
ajfa-6694	221	5	smallest	small	ADJ
ajfa-6694	221	6	influence	influence	NOUN
ajfa-6694	221	7	but	but	CCONJ
ajfa-6694	221	8	significant	significant	ADJ
ajfa-6694	221	9	to	to	ADP
ajfa-6694	221	10	the	the	DET
ajfa-6694	221	11	country	country	NOUN
ajfa-6694	221	12	risk	risk	NOUN
ajfa-6694	221	13	is	be	AUX
ajfa-6694	221	14	fed	feed	VERB
ajfa-6694	221	15	fund	fund	NOUN
ajfa-6694	221	16	rate	rate	NOUN
ajfa-6694	221	17	,	,	PUNCT
ajfa-6694	221	18	namely	namely	ADV
ajfa-6694	221	19	at	at	ADP
ajfa-6694	221	20	the	the	DET
ajfa-6694	221	21	amount	amount	NOUN
ajfa-6694	221	22	of	of	ADP
ajfa-6694	221	23	2.0629	2.0629	NUM
ajfa-6694	221	24	%	%	NOUN
ajfa-6694	221	25	.	.	PUNCT
ajfa-6694	222	1	output	output	NOUN
ajfa-6694	222	2	of	of	ADP
ajfa-6694	222	3	the	the	DET
ajfa-6694	222	4	long	long	ADJ
ajfa-6694	222	5	term	term	NOUN
ajfa-6694	222	6	or	or	CCONJ
ajfa-6694	222	7	the	the	DET
ajfa-6694	222	8	short	short	ADJ
ajfa-6694	222	9	term	term	NOUN
ajfa-6694	222	10	vecm	vecm	NOUN
ajfa-6694	222	11	estimation	estimation	NOUN
ajfa-6694	222	12	for	for	ADP
ajfa-6694	222	13	the	the	DET
ajfa-6694	222	14	msci	msci	PROPN
ajfa-6694	222	15	acwi	acwi	VERB
ajfa-6694	222	16	imi	imi	PROPN
ajfa-6694	222	17	return	return	NOUN
ajfa-6694	222	18	has	have	VERB
ajfa-6694	222	19	negative	negative	ADJ
ajfa-6694	222	20	and	and	CCONJ
ajfa-6694	222	21	significant	significant	ADJ
ajfa-6694	222	22	influence	influence	NOUN
ajfa-6694	222	23	to	to	ADP
ajfa-6694	222	24	the	the	DET
ajfa-6694	222	25	country	country	NOUN
ajfa-6694	222	26	risk	risk	NOUN
ajfa-6694	222	27	in	in	ADP
ajfa-6694	222	28	indonesia	indonesia	PROPN
ajfa-6694	222	29	.	.	PUNCT
ajfa-6694	223	1	msci	msci	PROPN
ajfa-6694	223	2	acwi	acwi	VERB
ajfa-6694	223	3	imi	imi	PROPN
ajfa-6694	223	4	constituting	constitute	VERB
ajfa-6694	223	5	the	the	DET
ajfa-6694	223	6	benchmark	benchmark	ADJ
ajfa-6694	223	7	index	index	NOUN
ajfa-6694	223	8	of	of	ADP
ajfa-6694	223	9	global	global	ADJ
ajfa-6694	223	10	market	market	NOUN
ajfa-6694	223	11	influences	influence	VERB
ajfa-6694	223	12	the	the	DET
ajfa-6694	223	13	country	country	NOUN
ajfa-6694	223	14	risk	risk	NOUN
ajfa-6694	223	15	.	.	PUNCT
ajfa-6694	224	1	this	this	PRON
ajfa-6694	224	2	indicates	indicate	VERB
ajfa-6694	224	3	the	the	DET
ajfa-6694	224	4	indonesia	indonesia	PROPN
ajfa-6694	224	5	stock	stock	NOUN
ajfa-6694	224	6	market	market	NOUN
ajfa-6694	224	7	has	have	VERB
ajfa-6694	224	8	a	a	DET
ajfa-6694	224	9	very	very	ADV
ajfa-6694	224	10	close	close	ADJ
ajfa-6694	224	11	interconnection	interconnection	NOUN
ajfa-6694	224	12	with	with	ADP
ajfa-6694	224	13	the	the	DET
ajfa-6694	224	14	stock	stock	NOUN
ajfa-6694	224	15	markets	market	NOUN
ajfa-6694	224	16	of	of	ADP
ajfa-6694	224	17	other	other	ADJ
ajfa-6694	224	18	countries	country	NOUN
ajfa-6694	224	19	.	.	PUNCT
ajfa-6694	225	1	the	the	DET
ajfa-6694	225	2	increase	increase	NOUN
ajfa-6694	225	3	of	of	ADP
ajfa-6694	225	4	msci	msci	PROPN
ajfa-6694	225	5	acwi	acwi	VERB
ajfa-6694	225	6	imi	imi	PROPN
ajfa-6694	225	7	return	return	PROPN
ajfa-6694	225	8	causes	cause	VERB
ajfa-6694	225	9	the	the	DET
ajfa-6694	225	10	decrease	decrease	NOUN
ajfa-6694	225	11	of	of	ADP
ajfa-6694	225	12	indonesia	indonesia	PROPN
ajfa-6694	225	13	country	country	PROPN
ajfa-6694	225	14	risk	risk	NOUN
ajfa-6694	225	15	,	,	PUNCT
ajfa-6694	225	16	so	so	SCONJ
ajfa-6694	225	17	that	that	SCONJ
ajfa-6694	225	18	it	it	PRON
ajfa-6694	225	19	influences	influence	VERB
ajfa-6694	225	20	the	the	DET
ajfa-6694	225	21	decision	decision	NOUN
ajfa-6694	225	22	of	of	ADP
ajfa-6694	225	23	investors	investor	NOUN
ajfa-6694	225	24	to	to	PART
ajfa-6694	225	25	make	make	VERB
ajfa-6694	225	26	investment	investment	NOUN
ajfa-6694	225	27	in	in	ADP
ajfa-6694	225	28	indonesia	indonesia	PROPN
ajfa-6694	225	29	.	.	PUNCT
ajfa-6694	226	1	references	reference	NOUN
ajfa-6694	226	2	abell	abell	PROPN
ajfa-6694	226	3	,	,	PUNCT
ajfa-6694	226	4	j.	j.	PROPN
ajfa-6694	226	5	,	,	PUNCT
ajfa-6694	226	6	&	&	CCONJ
ajfa-6694	226	7	krueger	krueger	PROPN
ajfa-6694	226	8	,	,	PUNCT
ajfa-6694	226	9	t.	t.	PROPN
ajfa-6694	226	10	(	(	PUNCT
ajfa-6694	226	11	1989	1989	NUM
ajfa-6694	226	12	)	)	PUNCT
ajfa-6694	226	13	.	.	PUNCT
ajfa-6694	227	1	macroeconomic	macroeconomic	ADJ
ajfa-6694	227	2	influences	influence	NOUN
ajfa-6694	227	3	on	on	ADP
ajfa-6694	227	4	beta	beta	NOUN
ajfa-6694	227	5	.	.	PUNCT
ajfa-6694	228	1	journal	journal	PROPN
ajfa-6694	228	2	of	of	ADP
ajfa-6694	228	3	economics	economic	NOUN
ajfa-6694	228	4	and	and	CCONJ
ajfa-6694	228	5	business	business	NOUN
ajfa-6694	228	6	,	,	PUNCT
ajfa-6694	228	7	41(2	41(2	NUM
ajfa-6694	228	8	)	)	PUNCT
ajfa-6694	228	9	,	,	PUNCT
ajfa-6694	228	10	185	185	NUM
ajfa-6694	228	11	-	-	SYM
ajfa-6694	228	12	193	193	NUM
ajfa-6694	228	13	.	.	PUNCT
ajfa-6694	229	1	http://dx.doi.org/10.1016/0148-6195(89)90016-7	http://dx.doi.org/10.1016/0148-6195(89)90016-7	PROPN
ajfa-6694	229	2	akdeniz	akdeniz	PROPN
ajfa-6694	229	3	,	,	PUNCT
ajfa-6694	229	4	l.	l.	PROPN
ajfa-6694	229	5	,	,	PUNCT
ajfa-6694	229	6	aslihan	aslihan	PROPN
ajfa-6694	229	7	,	,	PUNCT
ajfa-6694	229	8	a.s	a.s	PROPN
ajfa-6694	229	9	.	.	PROPN
ajfa-6694	229	10	,	,	PUNCT
ajfa-6694	229	11	&	&	CCONJ
ajfa-6694	229	12	mehmet	mehmet	PROPN
ajfa-6694	229	13	,	,	PUNCT
ajfa-6694	229	14	c.	c.	PROPN
ajfa-6694	229	15	(	(	PUNCT
ajfa-6694	229	16	2003	2003	NUM
ajfa-6694	229	17	)	)	PUNCT
ajfa-6694	229	18	.	.	PUNCT
ajfa-6694	230	1	time	time	NOUN
ajfa-6694	230	2	-	-	PUNCT
ajfa-6694	230	3	varying	vary	VERB
ajfa-6694	230	4	beta	beta	ADJ
ajfa-6694	230	5	help	help	NOUN
ajfa-6694	230	6	in	in	ADP
ajfa-6694	230	7	asset	asset	NOUN
ajfa-6694	230	8	pricing	pricing	NOUN
ajfa-6694	230	9	:	:	PUNCT
ajfa-6694	230	10	the	the	DET
ajfa-6694	230	11	threshold	threshold	NOUN
ajfa-6694	230	12	capm	capm	PROPN
ajfa-6694	230	13	.	.	PUNCT
ajfa-6694	231	1	studies	study	NOUN
ajfa-6694	231	2	in	in	ADP
ajfa-6694	231	3	nonlinear	nonlinear	ADJ
ajfa-6694	231	4	dynamics	dynamic	NOUN
ajfa-6694	231	5	&	&	CCONJ
ajfa-6694	231	6	econometrics	econometrics	PROPN
ajfa-6694	231	7	,	,	PUNCT
ajfa-6694	231	8	6(4	6(4	NUM
ajfa-6694	231	9	)	)	PUNCT
ajfa-6694	231	10	,	,	PUNCT
ajfa-6694	231	11	1	1	NUM
ajfa-6694	231	12	-	-	SYM
ajfa-6694	231	13	18	18	NUM
ajfa-6694	231	14	.	.	PUNCT
ajfa-6694	232	1	http://dx.doi.org/10.2202/1558-3708.1101	http://dx.doi.org/10.2202/1558-3708.1101	PROPN
ajfa-6694	232	2	andrade	andrade	PROPN
ajfa-6694	232	3	,	,	PUNCT
ajfa-6694	232	4	j.p	j.p	PROPN
ajfa-6694	232	5	.	.	PROPN
ajfa-6694	232	6	,	,	PUNCT
ajfa-6694	232	7	&	&	CCONJ
ajfa-6694	232	8	teles	tele	NOUN
ajfa-6694	232	9	,	,	PUNCT
ajfa-6694	232	10	v.	v.	PROPN
ajfa-6694	232	11	k.	k.	PROPN
ajfa-6694	232	12	(	(	PUNCT
ajfa-6694	232	13	2006	2006	NUM
ajfa-6694	232	14	)	)	PUNCT
ajfa-6694	232	15	.	.	PUNCT
ajfa-6694	233	1	an	an	DET
ajfa-6694	233	2	empirical	empirical	ADJ
ajfa-6694	233	3	model	model	NOUN
ajfa-6694	233	4	of	of	ADP
ajfa-6694	233	5	the	the	DET
ajfa-6694	233	6	brazilian	brazilian	ADJ
ajfa-6694	233	7	country	country	NOUN
ajfa-6694	233	8	risk	risk	NOUN
ajfa-6694	233	9	–	–	PUNCT
ajfa-6694	233	10	an	an	DET
ajfa-6694	233	11	extension	extension	NOUN
ajfa-6694	233	12	of	of	ADP
ajfa-6694	233	13	the	the	DET
ajfa-6694	233	14	beta	beta	ADJ
ajfa-6694	233	15	country	country	NOUN
ajfa-6694	233	16	risk	risk	NOUN
ajfa-6694	233	17	model	model	NOUN
ajfa-6694	233	18	.	.	PUNCT
ajfa-6694	234	1	applied	apply	VERB
ajfa-6694	234	2	economics	economic	NOUN
ajfa-6694	234	3	,	,	PUNCT
ajfa-6694	234	4	38(11	38(11	NUM
ajfa-6694	234	5	)	)	PUNCT
ajfa-6694	234	6	,	,	PUNCT
ajfa-6694	234	7	1271	1271	NUM
ajfa-6694	234	8	-	-	SYM
ajfa-6694	234	9	1278	1278	NUM
ajfa-6694	234	10	.	.	PUNCT
ajfa-6694	235	1	http://dx.doi.org/10.1080/00036840500426843	http://dx.doi.org/10.1080/00036840500426843	PROPN
ajfa-6694	235	2	barro	barro	PROPN
ajfa-6694	235	3	,	,	PUNCT
ajfa-6694	235	4	r.j	r.j	PROPN
ajfa-6694	235	5	.	.	PROPN
ajfa-6694	235	6	,	,	PUNCT
ajfa-6694	235	7	&	&	CCONJ
ajfa-6694	235	8	gordon	gordon	PROPN
ajfa-6694	235	9	d.b	d.b	PROPN
ajfa-6694	235	10	.	.	PROPN
ajfa-6694	235	11	(	(	PUNCT
ajfa-6694	235	12	1983	1983	NUM
ajfa-6694	235	13	)	)	PUNCT
ajfa-6694	235	14	.	.	PUNCT
ajfa-6694	236	1	rules	rule	NOUN
ajfa-6694	236	2	,	,	PUNCT
ajfa-6694	236	3	discretion	discretion	NOUN
ajfa-6694	236	4	and	and	CCONJ
ajfa-6694	236	5	reputation	reputation	NOUN
ajfa-6694	236	6	in	in	ADP
ajfa-6694	236	7	model	model	NOUN
ajfa-6694	236	8	of	of	ADP
ajfa-6694	236	9	monetary	monetary	ADJ
ajfa-6694	236	10	policy	policy	NOUN
ajfa-6694	236	11	.	.	PUNCT
ajfa-6694	237	1	journal	journal	NOUN
ajfa-6694	237	2	of	of	ADP
ajfa-6694	237	3	monetary	monetary	ADJ
ajfa-6694	237	4	economics	economic	NOUN
ajfa-6694	237	5	,	,	PUNCT
ajfa-6694	237	6	12(1	12(1	NUM
ajfa-6694	237	7	)	)	PUNCT
ajfa-6694	237	8	,	,	PUNCT
ajfa-6694	237	9	101	101	NUM
ajfa-6694	237	10	-	-	SYM
ajfa-6694	237	11	121	121	NUM
ajfa-6694	237	12	.	.	PUNCT
ajfa-6694	238	1	http://dx.doi.org/10.3386/w1079	http://dx.doi.org/10.3386/w1079	PROPN
ajfa-6694	238	2	basu	basu	PROPN
ajfa-6694	238	3	,	,	PUNCT
ajfa-6694	238	4	s.	s.	PROPN
ajfa-6694	238	5	,	,	PUNCT
ajfa-6694	238	6	deepthi	deepthi	PROPN
ajfa-6694	238	7	,	,	PUNCT
ajfa-6694	238	8	d.	d.	PROPN
ajfa-6694	238	9	,	,	PUNCT
ajfa-6694	238	10	&	&	CCONJ
ajfa-6694	238	11	reddy	reddy	PROPN
ajfa-6694	238	12	,	,	PUNCT
ajfa-6694	238	13	j.	j.	PROPN
ajfa-6694	238	14	(	(	PUNCT
ajfa-6694	238	15	2011	2011	NUM
ajfa-6694	238	16	)	)	PUNCT
ajfa-6694	238	17	.	.	PUNCT
ajfa-6694	239	1	country	country	NOUN
ajfa-6694	239	2	risk	risk	NOUN
ajfa-6694	239	3	analysis	analysis	NOUN
ajfa-6694	239	4	in	in	ADP
ajfa-6694	239	5	emerging	emerge	VERB
ajfa-6694	239	6	market	market	NOUN
ajfa-6694	239	7	:	:	PUNCT
ajfa-6694	239	8	the	the	DET
ajfa-6694	239	9	indian	indian	ADJ
ajfa-6694	239	10	example	example	NOUN
ajfa-6694	239	11	.	.	PUNCT
ajfa-6694	240	1	indian	indian	PROPN
ajfa-6694	240	2	institute	institute	PROPN
ajfa-6694	240	3	of	of	ADP
ajfa-6694	240	4	management	management	PROPN
ajfa-6694	240	5	bangalore	bangalore	PROPN
ajfa-6694	240	6	research	research	PROPN
ajfa-6694	240	7	paper	paper	NOUN
ajfa-6694	240	8	no	no	INTJ
ajfa-6694	240	9	.	.	PUNCT
ajfa-6694	241	1	326	326	NUM
ajfa-6694	241	2	.	.	PUNCT
ajfa-6694	242	1	http://dx.doi.org/10.2139/ssrn.2121340	http://dx.doi.org/10.2139/ssrn.2121340	NUM
ajfa-6694	242	2	bilson	bilson	PROPN
ajfa-6694	242	3	,	,	PUNCT
ajfa-6694	242	4	c.m.t.j	c.m.t.j	PROPN
ajfa-6694	242	5	.	.	PROPN
ajfa-6694	242	6	,	,	PUNCT
ajfa-6694	242	7	brailsford	brailsford	PROPN
ajfa-6694	242	8	&	&	CCONJ
ajfa-6694	242	9	hooper	hooper	PROPN
ajfa-6694	242	10	,	,	PUNCT
ajfa-6694	242	11	v.j	v.j	PROPN
ajfa-6694	242	12	.	.	PROPN
ajfa-6694	242	13	(	(	PUNCT
ajfa-6694	242	14	2001	2001	NUM
ajfa-6694	242	15	)	)	PUNCT
ajfa-6694	242	16	.	.	PUNCT
ajfa-6694	243	1	selecting	select	VERB
ajfa-6694	243	2	macroeconomic	macroeconomic	ADJ
ajfa-6694	243	3	variables	variable	NOUN
ajfa-6694	243	4	as	as	ADP
ajfa-6694	243	5	explanatory	explanatory	ADJ
ajfa-6694	243	6	factors	factor	NOUN
ajfa-6694	243	7	of	of	ADP
ajfa-6694	243	8	emerging	emerge	VERB
ajfa-6694	243	9	stock	stock	NOUN
ajfa-6694	243	10	market	market	NOUN
ajfa-6694	243	11	returns	return	NOUN
ajfa-6694	243	12	.	.	PUNCT
ajfa-6694	244	1	pacific	pacific	ADJ
ajfa-6694	244	2	-	-	PUNCT
ajfa-6694	244	3	basin	basin	NOUN
ajfa-6694	244	4	finance	finance	NOUN
ajfa-6694	244	5	journal	journal	NOUN
ajfa-6694	244	6	,	,	PUNCT
ajfa-6694	244	7	9(4	9(4	NUM
ajfa-6694	244	8	)	)	PUNCT
ajfa-6694	244	9	,	,	PUNCT
ajfa-6694	244	10	401	401	NUM
ajfa-6694	244	11	-	-	SYM
ajfa-6694	244	12	426	426	NUM
ajfa-6694	244	13	.	.	PUNCT
ajfa-6694	245	1	http://dx.doi.org/10.1016/s0927-538x(01)00020-8	http://dx.doi.org/10.1016/s0927-538x(01)00020-8	PROPN
ajfa-6694	245	2	bruner	bruner	PROPN
ajfa-6694	245	3	,	,	PUNCT
ajfa-6694	245	4	r.f	r.f	PROPN
ajfa-6694	245	5	.	.	PROPN
ajfa-6694	245	6	et	et	PROPN
ajfa-6694	245	7	al	al	PROPN
ajfa-6694	245	8	.	.	PROPN
ajfa-6694	245	9	(	(	PUNCT
ajfa-6694	245	10	2008	2008	NUM
ajfa-6694	245	11	)	)	PUNCT
ajfa-6694	245	12	.	.	PUNCT
ajfa-6694	246	1	market	market	NOUN
ajfa-6694	246	2	integration	integration	NOUN
ajfa-6694	246	3	in	in	ADP
ajfa-6694	246	4	developed	develop	VERB
ajfa-6694	246	5	and	and	CCONJ
ajfa-6694	246	6	emerging	emerge	VERB
ajfa-6694	246	7	market	market	NOUN
ajfa-6694	246	8	evidence	evidence	NOUN
ajfa-6694	246	9	from	from	ADP
ajfa-6694	246	10	the	the	DET
ajfa-6694	246	11	capm	capm	PROPN
ajfa-6694	246	12	.	.	PUNCT
ajfa-6694	247	1	emerging	emerge	VERB
ajfa-6694	247	2	market	market	NOUN
ajfa-6694	247	3	review	review	NOUN
ajfa-6694	247	4	,	,	PUNCT
ajfa-6694	247	5	9(2	9(2	NUM
ajfa-6694	247	6	)	)	PUNCT
ajfa-6694	247	7	,	,	PUNCT
ajfa-6694	247	8	89	89	NUM
ajfa-6694	247	9	-	-	SYM
ajfa-6694	247	10	103	103	NUM
ajfa-6694	247	11	.	.	PUNCT
ajfa-6694	248	1	http://dx.doi.org/10.1016/j.emermar.2008.02.002	http://dx.doi.org/10.1016/j.emermar.2008.02.002	NOUN
ajfa-6694	248	2	erb	erb	NOUN
ajfa-6694	248	3	,	,	PUNCT
ajfa-6694	248	4	c.	c.	PROPN
ajfa-6694	248	5	b.	b.	PROPN
ajfa-6694	248	6	,	,	PUNCT
ajfa-6694	248	7	harvey	harvey	PROPN
ajfa-6694	248	8	,	,	PUNCT
ajfa-6694	248	9	c.	c.	PROPN
ajfa-6694	248	10	r.	r.	PROPN
ajfa-6694	248	11	,	,	PUNCT
ajfa-6694	248	12	&	&	CCONJ
ajfa-6694	248	13	viskanta	viskanta	PROPN
ajfa-6694	248	14	,	,	PUNCT
ajfa-6694	248	15	t.	t.	PROPN
ajfa-6694	248	16	e.	e.	PROPN
ajfa-6694	248	17	(	(	PUNCT
ajfa-6694	248	18	1996a	1996a	NUM
ajfa-6694	248	19	)	)	PUNCT
ajfa-6694	248	20	.	.	PUNCT
ajfa-6694	249	1	political	political	ADJ
ajfa-6694	249	2	risk	risk	NOUN
ajfa-6694	249	3	,	,	PUNCT
ajfa-6694	249	4	economic	economic	ADJ
ajfa-6694	249	5	risk	risk	NOUN
ajfa-6694	249	6	and	and	CCONJ
ajfa-6694	249	7	financial	financial	ADJ
ajfa-6694	249	8	risk	risk	NOUN
ajfa-6694	249	9	.	.	PUNCT
ajfa-6694	250	1	financial	financial	ADJ
ajfa-6694	250	2	analyst	analyst	NOUN
ajfa-6694	250	3	journal	journal	NOUN
ajfa-6694	250	4	,	,	PUNCT
ajfa-6694	250	5	52	52	NUM
ajfa-6694	250	6	,	,	PUNCT
ajfa-6694	250	7	28	28	NUM
ajfa-6694	250	8	-	-	SYM
ajfa-6694	250	9	46	46	NUM
ajfa-6694	250	10	.	.	PUNCT
ajfa-6694	251	1	spring	spring	NOUN
ajfa-6694	251	2	.	.	PUNCT
ajfa-6694	252	1	http://dx.doi.org/10.2139/ssm.7473	http://dx.doi.org/10.2139/ssm.7473	PROPN
ajfa-6694	252	2	erb	erb	PROPN
ajfa-6694	252	3	,	,	PUNCT
ajfa-6694	252	4	c.	c.	PROPN
ajfa-6694	252	5	b.	b.	PROPN
ajfa-6694	252	6	,	,	PUNCT
ajfa-6694	252	7	harvey	harvey	PROPN
ajfa-6694	252	8	,	,	PUNCT
ajfa-6694	252	9	c.	c.	PROPN
ajfa-6694	252	10	r.	r.	PROPN
ajfa-6694	252	11	,	,	PUNCT
ajfa-6694	252	12	&	&	CCONJ
ajfa-6694	252	13	viskanta	viskanta	PROPN
ajfa-6694	252	14	,	,	PUNCT
ajfa-6694	252	15	t.	t.	PROPN
ajfa-6694	252	16	e.	e.	PROPN
ajfa-6694	252	17	(	(	PUNCT
ajfa-6694	252	18	1996b	1996b	NUM
ajfa-6694	252	19	)	)	PUNCT
ajfa-6694	252	20	.	.	PUNCT
ajfa-6694	253	1	expected	expect	VERB
ajfa-6694	253	2	returns	return	NOUN
ajfa-6694	253	3	and	and	CCONJ
ajfa-6694	253	4	volatility	volatility	NOUN
ajfa-6694	253	5	in	in	ADP
ajfa-6694	253	6	135	135	NUM
ajfa-6694	253	7	countries	country	NOUN
ajfa-6694	253	8	.	.	PUNCT
ajfa-6694	254	1	journal	journal	PROPN
ajfa-6694	254	2	of	of	ADP
ajfa-6694	254	3	portfolio	portfolio	NOUN
ajfa-6694	254	4	management	management	NOUN
ajfa-6694	254	5	,	,	PUNCT
ajfa-6694	254	6	46	46	NUM
ajfa-6694	254	7	-	-	SYM
ajfa-6694	254	8	58	58	NUM
ajfa-6694	254	9	.	.	PUNCT
ajfa-6694	255	1	http://dx.doi.org/10.2139/ssm.871253	http://dx.doi.org/10.2139/ssm.871253	PROPN
ajfa-6694	255	2	asian	asian	ADJ
ajfa-6694	255	3	journal	journal	NOUN
ajfa-6694	255	4	of	of	ADP
ajfa-6694	255	5	finance	finance	PROPN
ajfa-6694	255	6	&	&	CCONJ
ajfa-6694	255	7	accounting	accounting	PROPN
ajfa-6694	255	8	issn	issn	PROPN
ajfa-6694	255	9	1946	1946	NUM
ajfa-6694	255	10	-	-	PUNCT
ajfa-6694	255	11	052x	052x	NOUN
ajfa-6694	255	12	2015	2015	NUM
ajfa-6694	255	13	,	,	PUNCT
ajfa-6694	255	14	vol	vol	NOUN
ajfa-6694	255	15	.	.	PROPN
ajfa-6694	255	16	7	7	NUM
ajfa-6694	255	17	,	,	PUNCT
ajfa-6694	255	18	no	no	INTJ
ajfa-6694	255	19	.	.	NOUN
ajfa-6694	255	20	1	1	NUM
ajfa-6694	255	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6694	255	22	170	170	NUM
ajfa-6694	255	23	fama	fama	NOUN
ajfa-6694	255	24	,	,	PUNCT
ajfa-6694	255	25	e.	e.	PROPN
ajfa-6694	255	26	,	,	PUNCT
ajfa-6694	255	27	&	&	CCONJ
ajfa-6694	255	28	french	french	PROPN
ajfa-6694	255	29	,	,	PUNCT
ajfa-6694	255	30	k.	k.	PROPN
ajfa-6694	255	31	(	(	PUNCT
ajfa-6694	255	32	1989	1989	NUM
ajfa-6694	255	33	)	)	PUNCT
ajfa-6694	255	34	.	.	PUNCT
ajfa-6694	256	1	business	business	NOUN
ajfa-6694	256	2	conditions	condition	NOUN
ajfa-6694	256	3	and	and	CCONJ
ajfa-6694	256	4	the	the	DET
ajfa-6694	256	5	expected	expect	VERB
ajfa-6694	256	6	returns	return	NOUN
ajfa-6694	256	7	on	on	ADP
ajfa-6694	256	8	stocks	stock	NOUN
ajfa-6694	256	9	and	and	CCONJ
ajfa-6694	256	10	bonds	bond	NOUN
ajfa-6694	256	11	.	.	PUNCT
ajfa-6694	257	1	journal	journal	NOUN
ajfa-6694	257	2	of	of	ADP
ajfa-6694	257	3	financial	financial	ADJ
ajfa-6694	257	4	economics	economic	NOUN
ajfa-6694	257	5	,	,	PUNCT
ajfa-6694	257	6	25	25	NUM
ajfa-6694	257	7	,	,	PUNCT
ajfa-6694	257	8	23	23	NUM
ajfa-6694	257	9	-	-	SYM
ajfa-6694	257	10	50	50	NUM
ajfa-6694	257	11	.	.	PUNCT
ajfa-6694	258	1	http://dx.doi.org/10.1016/0304-405x(89)90095-0	http://dx.doi.org/10.1016/0304-405x(89)90095-0	VERB
ajfa-6694	258	2	ferson	ferson	PROPN
ajfa-6694	258	3	,	,	PUNCT
ajfa-6694	258	4	w.	w.	PROPN
ajfa-6694	258	5	,	,	PUNCT
ajfa-6694	258	6	&	&	CCONJ
ajfa-6694	258	7	harvey	harvey	PROPN
ajfa-6694	258	8	,	,	PUNCT
ajfa-6694	258	9	c.	c.	PROPN
ajfa-6694	258	10	(	(	PUNCT
ajfa-6694	258	11	1991	1991	NUM
ajfa-6694	258	12	)	)	PUNCT
ajfa-6694	258	13	.	.	PUNCT
ajfa-6694	259	1	the	the	DET
ajfa-6694	259	2	variation	variation	NOUN
ajfa-6694	259	3	of	of	ADP
ajfa-6694	259	4	economic	economic	ADJ
ajfa-6694	259	5	risk	risk	NOUN
ajfa-6694	259	6	premium	premium	NOUN
ajfa-6694	259	7	.	.	PUNCT
ajfa-6694	260	1	journal	journal	NOUN
ajfa-6694	260	2	of	of	ADP
ajfa-6694	260	3	political	political	ADJ
ajfa-6694	260	4	economy	economy	NOUN
ajfa-6694	260	5	,	,	PUNCT
ajfa-6694	260	6	99(2	99(2	NOUN
ajfa-6694	260	7	)	)	PUNCT
ajfa-6694	260	8	,	,	PUNCT
ajfa-6694	260	9	385	385	NUM
ajfa-6694	260	10	-	-	SYM
ajfa-6694	260	11	415	415	NUM
ajfa-6694	260	12	.	.	PUNCT
ajfa-6694	261	1	ferson	ferson	PROPN
ajfa-6694	261	2	,	,	PUNCT
ajfa-6694	261	3	w.	w.	PROPN
ajfa-6694	261	4	,	,	PUNCT
ajfa-6694	261	5	&	&	CCONJ
ajfa-6694	261	6	harvey	harvey	PROPN
ajfa-6694	261	7	,	,	PUNCT
ajfa-6694	261	8	c.r	c.r	PROPN
ajfa-6694	261	9	.	.	PROPN
ajfa-6694	261	10	(	(	PUNCT
ajfa-6694	261	11	1994	1994	NUM
ajfa-6694	261	12	)	)	PUNCT
ajfa-6694	261	13	.	.	PUNCT
ajfa-6694	262	1	sources	source	NOUN
ajfa-6694	262	2	of	of	ADP
ajfa-6694	262	3	risk	risk	NOUN
ajfa-6694	262	4	and	and	CCONJ
ajfa-6694	262	5	expected	expect	VERB
ajfa-6694	262	6	returns	return	NOUN
ajfa-6694	262	7	in	in	ADP
ajfa-6694	262	8	global	global	ADJ
ajfa-6694	262	9	equity	equity	NOUN
ajfa-6694	262	10	markets	market	NOUN
ajfa-6694	262	11	.	.	PUNCT
ajfa-6694	263	1	journal	journal	NOUN
ajfa-6694	263	2	of	of	ADP
ajfa-6694	263	3	banking	banking	NOUN
ajfa-6694	263	4	and	and	CCONJ
ajfa-6694	263	5	finance	finance	NOUN
ajfa-6694	263	6	,	,	PUNCT
ajfa-6694	263	7	18(4	18(4	NUM
ajfa-6694	263	8	)	)	PUNCT
ajfa-6694	263	9	,	,	PUNCT
ajfa-6694	263	10	775	775	NUM
ajfa-6694	263	11	-	-	SYM
ajfa-6694	263	12	803	803	NUM
ajfa-6694	263	13	.	.	PUNCT
ajfa-6694	264	1	http://dx.doi.org/10.3386/w4622	http://dx.doi.org/10.3386/w4622	ADJ
ajfa-6694	264	2	gangemi	gangemi	NOUN
ajfa-6694	264	3	,	,	PUNCT
ajfa-6694	264	4	m.a.m	m.a.m	ADJ
ajfa-6694	264	5	.	.	PROPN
ajfa-6694	264	6	,	,	PUNCT
ajfa-6694	264	7	brooks	brooks	PROPN
ajfa-6694	264	8	r.d	r.d	PROPN
ajfa-6694	264	9	.	.	PROPN
ajfa-6694	264	10	,	,	PUNCT
ajfa-6694	264	11	&	&	CCONJ
ajfa-6694	264	12	faff	faff	PROPN
ajfa-6694	264	13	,	,	PUNCT
ajfa-6694	264	14	r.w	r.w	PROPN
ajfa-6694	264	15	.	.	PROPN
ajfa-6694	264	16	(	(	PUNCT
ajfa-6694	264	17	2000	2000	NUM
ajfa-6694	264	18	)	)	PUNCT
ajfa-6694	264	19	.	.	PUNCT
ajfa-6694	265	1	modeling	model	VERB
ajfa-6694	265	2	australia	australia	PROPN
ajfa-6694	265	3	's	's	PART
ajfa-6694	265	4	country	country	NOUN
ajfa-6694	265	5	risk	risk	NOUN
ajfa-6694	265	6	:	:	PUNCT
ajfa-6694	265	7	a	a	DET
ajfa-6694	265	8	country	country	NOUN
ajfa-6694	265	9	beta	beta	NOUN
ajfa-6694	265	10	approach	approach	NOUN
ajfa-6694	265	11	.	.	PUNCT
ajfa-6694	266	1	journal	journal	NOUN
ajfa-6694	266	2	of	of	ADP
ajfa-6694	266	3	economics	economic	NOUN
ajfa-6694	266	4	and	and	CCONJ
ajfa-6694	266	5	business	business	NOUN
ajfa-6694	266	6	,	,	PUNCT
ajfa-6694	266	7	52(3	52(3	NOUN
ajfa-6694	266	8	)	)	PUNCT
ajfa-6694	266	9	,	,	PUNCT
ajfa-6694	266	10	259–276	259–276	NUM
ajfa-6694	266	11	.	.	PUNCT
ajfa-6694	267	1	http://dx.doi.org/10.1016/s0148-6195(99)00034-x	http://dx.doi.org/10.1016/s0148-6195(99)00034-x	PROPN
ajfa-6694	267	2	grandes	grandes	PROPN
ajfa-6694	267	3	,	,	PUNCT
ajfa-6694	267	4	m.	m.	PROPN
ajfa-6694	267	5	r.	r.	PROPN
ajfa-6694	267	6	(	(	PUNCT
ajfa-6694	267	7	2002	2002	NUM
ajfa-6694	267	8	)	)	PUNCT
ajfa-6694	267	9	.	.	PUNCT
ajfa-6694	268	1	convergence	convergence	NOUN
ajfa-6694	268	2	and	and	CCONJ
ajfa-6694	268	3	divergence	divergence	NOUN
ajfa-6694	268	4	of	of	ADP
ajfa-6694	268	5	sovereign	sovereign	ADJ
ajfa-6694	268	6	bond	bond	NOUN
ajfa-6694	268	7	spreads	spread	NOUN
ajfa-6694	268	8	:	:	PUNCT
ajfa-6694	268	9	theory	theory	NOUN
ajfa-6694	268	10	and	and	CCONJ
ajfa-6694	268	11	facts	fact	NOUN
ajfa-6694	268	12	from	from	ADP
ajfa-6694	268	13	latin	latin	PROPN
ajfa-6694	268	14	america	america	PROPN
ajfa-6694	268	15	.	.	PUNCT
ajfa-6694	269	1	technical	technical	ADJ
ajfa-6694	269	2	papers	paper	NOUN
ajfa-6694	269	3	2002	2002	NUM
ajfa-6694	270	1	oecd	oecd	PROPN
ajfa-6694	270	2	development	development	PROPN
ajfa-6694	270	3	centre	centre	PROPN
ajfa-6694	270	4	,	,	PUNCT
ajfa-6694	270	5	paris	paris	PROPN
ajfa-6694	270	6	.	.	PUNCT
ajfa-6694	271	1	gujarati	gujarati	PROPN
ajfa-6694	271	2	,	,	PUNCT
ajfa-6694	271	3	d.n	d.n	PROPN
ajfa-6694	271	4	.	.	PROPN
ajfa-6694	271	5	&	&	CCONJ
ajfa-6694	271	6	porter	porter	PROPN
ajfa-6694	271	7	,	,	PUNCT
ajfa-6694	271	8	d.c	d.c	PROPN
ajfa-6694	271	9	.	.	PUNCT
ajfa-6694	271	10	(	(	PUNCT
ajfa-6694	271	11	2010	2010	NUM
ajfa-6694	271	12	)	)	PUNCT
ajfa-6694	271	13	.	.	PUNCT
ajfa-6694	272	1	essentials	essential	NOUN
ajfa-6694	272	2	of	of	ADP
ajfa-6694	272	3	econometrics	econometric	NOUN
ajfa-6694	272	4	.	.	PUNCT
ajfa-6694	273	1	fourth	fourth	PROPN
ajfa-6694	273	2	edition	edition	PROPN
ajfa-6694	273	3	.	.	PUNCT
ajfa-6694	274	1	new	new	PROPN
ajfa-6694	274	2	york	york	PROPN
ajfa-6694	274	3	:	:	PUNCT
ajfa-6694	274	4	mcgraw	mcgraw	PROPN
ajfa-6694	274	5	-	-	PUNCT
ajfa-6694	274	6	hill	hill	NOUN
ajfa-6694	274	7	education	education	NOUN
ajfa-6694	274	8	harvey	harvey	NOUN
ajfa-6694	274	9	,	,	PUNCT
ajfa-6694	274	10	c.	c.	PROPN
ajfa-6694	274	11	r.	r.	PROPN
ajfa-6694	274	12	(	(	PUNCT
ajfa-6694	274	13	1991	1991	NUM
ajfa-6694	274	14	)	)	PUNCT
ajfa-6694	274	15	.	.	PUNCT
ajfa-6694	275	1	the	the	DET
ajfa-6694	275	2	world	world	NOUN
ajfa-6694	275	3	price	price	NOUN
ajfa-6694	275	4	of	of	ADP
ajfa-6694	275	5	covariance	covariance	NOUN
ajfa-6694	275	6	risk	risk	NOUN
ajfa-6694	275	7	.	.	PUNCT
ajfa-6694	276	1	journal	journal	NOUN
ajfa-6694	276	2	of	of	ADP
ajfa-6694	276	3	finance	finance	NOUN
ajfa-6694	276	4	,	,	PUNCT
ajfa-6694	276	5	46(1	46(1	PROPN
ajfa-6694	276	6	)	)	PUNCT
ajfa-6694	276	7	,	,	PUNCT
ajfa-6694	276	8	111	111	NUM
ajfa-6694	276	9	-	-	SYM
ajfa-6694	276	10	157	157	NUM
ajfa-6694	276	11	.	.	PUNCT
ajfa-6694	277	1	http://dx.doi.org/10.1111/j.1540-6261.1991.tb03747.x	http://dx.doi.org/10.1111/j.1540-6261.1991.tb03747.x	PROPN
ajfa-6694	277	2	harvey	harvey	PROPN
ajfa-6694	277	3	,	,	PUNCT
ajfa-6694	277	4	c.	c.	PROPN
ajfa-6694	277	5	r.	r.	PROPN
ajfa-6694	277	6	,	,	PUNCT
ajfa-6694	277	7	&	&	CCONJ
ajfa-6694	277	8	zhou	zhou	PROPN
ajfa-6694	277	9	,	,	PUNCT
ajfa-6694	277	10	g.	g.	PROPN
ajfa-6694	277	11	(	(	PUNCT
ajfa-6694	277	12	1993	1993	NUM
ajfa-6694	277	13	)	)	PUNCT
ajfa-6694	277	14	.	.	PUNCT
ajfa-6694	278	1	international	international	ADJ
ajfa-6694	278	2	asset	asset	NOUN
ajfa-6694	278	3	pricing	pricing	NOUN
ajfa-6694	278	4	with	with	ADP
ajfa-6694	278	5	alternative	alternative	ADJ
ajfa-6694	278	6	distributional	distributional	ADJ
ajfa-6694	278	7	specifications	specification	NOUN
ajfa-6694	278	8	.	.	PUNCT
ajfa-6694	279	1	journal	journal	NOUN
ajfa-6694	279	2	of	of	ADP
ajfa-6694	279	3	empirical	empirical	ADJ
ajfa-6694	279	4	finance	finance	NOUN
ajfa-6694	279	5	,	,	PUNCT
ajfa-6694	279	6	1(1	1(1	NUM
ajfa-6694	279	7	)	)	PUNCT
ajfa-6694	279	8	,	,	PUNCT
ajfa-6694	279	9	107	107	NUM
ajfa-6694	279	10	-	-	SYM
ajfa-6694	279	11	131	131	NUM
ajfa-6694	279	12	.	.	PUNCT
ajfa-6694	280	1	jagannathan	jagannathan	PROPN
ajfa-6694	280	2	,	,	PUNCT
ajfa-6694	280	3	r.	r.	PROPN
ajfa-6694	280	4	,	,	PUNCT
ajfa-6694	280	5	&	&	CCONJ
ajfa-6694	280	6	wang	wang	PROPN
ajfa-6694	280	7	,	,	PUNCT
ajfa-6694	280	8	z.	z.	PROPN
ajfa-6694	280	9	(	(	PUNCT
ajfa-6694	280	10	1996	1996	NUM
ajfa-6694	280	11	)	)	PUNCT
ajfa-6694	280	12	.	.	PUNCT
ajfa-6694	281	1	the	the	DET
ajfa-6694	281	2	conditional	conditional	ADJ
ajfa-6694	281	3	capm	capm	PROPN
ajfa-6694	281	4	and	and	CCONJ
ajfa-6694	281	5	the	the	DET
ajfa-6694	281	6	cross	cross	NOUN
ajfa-6694	281	7	-	-	NOUN
ajfa-6694	281	8	section	section	NOUN
ajfa-6694	281	9	of	of	ADP
ajfa-6694	281	10	expected	expect	VERB
ajfa-6694	281	11	returns	return	NOUN
ajfa-6694	281	12	.	.	PUNCT
ajfa-6694	282	1	journal	journal	NOUN
ajfa-6694	282	2	of	of	ADP
ajfa-6694	282	3	finance	finance	NOUN
ajfa-6694	282	4	,	,	PUNCT
ajfa-6694	282	5	51(1	51(1	NUM
ajfa-6694	282	6	)	)	PUNCT
ajfa-6694	282	7	,	,	PUNCT
ajfa-6694	282	8	3	3	NUM
ajfa-6694	282	9	-	-	SYM
ajfa-6694	282	10	53	53	NUM
ajfa-6694	282	11	.	.	PUNCT
ajfa-6694	283	1	http://dx.doi.org/10.1111/j.1540-6261.1996.tb05201.x	http://dx.doi.org/10.1111/j.1540-6261.1996.tb05201.x	PROPN
ajfa-6694	283	2	jeon	jeon	PROPN
ajfa-6694	283	3	,	,	PUNCT
ajfa-6694	283	4	b.m	b.m	PROPN
ajfa-6694	283	5	.	.	PROPN
ajfa-6694	283	6	(	(	PUNCT
ajfa-6694	283	7	2001	2001	NUM
ajfa-6694	283	8	)	)	PUNCT
ajfa-6694	283	9	.	.	PUNCT
ajfa-6694	284	1	macroeconomic	macroeconomic	ADJ
ajfa-6694	284	2	influence	influence	NOUN
ajfa-6694	284	3	on	on	ADP
ajfa-6694	284	4	country	country	NOUN
ajfa-6694	284	5	risk	risk	NOUN
ajfa-6694	284	6	.	.	PUNCT
ajfa-6694	285	1	working	work	VERB
ajfa-6694	285	2	paper	paper	NOUN
ajfa-6694	285	3	,	,	PUNCT
ajfa-6694	285	4	rice	rice	NOUN
ajfa-6694	285	5	university	university	PROPN
ajfa-6694	285	6	.	.	PUNCT
ajfa-6694	286	1	kharas	kharas	PROPN
ajfa-6694	286	2	,	,	PUNCT
ajfa-6694	286	3	h.	h.	PROPN
ajfa-6694	286	4	(	(	PUNCT
ajfa-6694	286	5	1984	1984	NUM
ajfa-6694	286	6	)	)	PUNCT
ajfa-6694	286	7	.	.	PUNCT
ajfa-6694	287	1	the	the	DET
ajfa-6694	287	2	long	long	ADV
ajfa-6694	287	3	-	-	PUNCT
ajfa-6694	287	4	run	run	NOUN
ajfa-6694	287	5	creditworthiness	creditworthiness	NOUN
ajfa-6694	287	6	of	of	ADP
ajfa-6694	287	7	developing	develop	VERB
ajfa-6694	287	8	countries	country	NOUN
ajfa-6694	287	9	:	:	PUNCT
ajfa-6694	287	10	theory	theory	NOUN
ajfa-6694	287	11	and	and	CCONJ
ajfa-6694	287	12	evidence	evidence	NOUN
ajfa-6694	287	13	.	.	PUNCT
ajfa-6694	288	1	quarterly	quarterly	ADJ
ajfa-6694	288	2	journal	journal	NOUN
ajfa-6694	288	3	of	of	ADP
ajfa-6694	288	4	economics	economic	NOUN
ajfa-6694	288	5	,	,	PUNCT
ajfa-6694	288	6	99(3	99(3	NUM
ajfa-6694	288	7	)	)	PUNCT
ajfa-6694	288	8	,	,	PUNCT
ajfa-6694	288	9	415	415	NUM
ajfa-6694	288	10	-	-	SYM
ajfa-6694	288	11	439	439	NUM
ajfa-6694	288	12	.	.	PUNCT
ajfa-6694	289	1	http://dx.doi.org/10.2307/1885958	http://dx.doi.org/10.2307/1885958	NOUN
ajfa-6694	289	2	lintner	lintner	PROPN
ajfa-6694	289	3	,	,	PUNCT
ajfa-6694	289	4	j.	j.	PROPN
ajfa-6694	289	5	(	(	PUNCT
ajfa-6694	289	6	1965	1965	NUM
ajfa-6694	289	7	)	)	PUNCT
ajfa-6694	289	8	.	.	PUNCT
ajfa-6694	290	1	the	the	DET
ajfa-6694	290	2	valuation	valuation	NOUN
ajfa-6694	290	3	of	of	ADP
ajfa-6694	290	4	risk	risk	NOUN
ajfa-6694	290	5	assets	asset	NOUN
ajfa-6694	290	6	and	and	CCONJ
ajfa-6694	290	7	the	the	DET
ajfa-6694	290	8	selections	selection	NOUN
ajfa-6694	290	9	of	of	ADP
ajfa-6694	290	10	risky	risky	ADJ
ajfa-6694	290	11	investments	investment	NOUN
ajfa-6694	290	12	in	in	ADP
ajfa-6694	290	13	stock	stock	NOUN
ajfa-6694	290	14	portfolio	portfolio	NOUN
ajfa-6694	290	15	and	and	CCONJ
ajfa-6694	290	16	capital	capital	NOUN
ajfa-6694	290	17	budgets	budget	NOUN
ajfa-6694	290	18	.	.	PUNCT
ajfa-6694	291	1	review	review	NOUN
ajfa-6694	291	2	of	of	ADP
ajfa-6694	291	3	economics	economic	NOUN
ajfa-6694	291	4	and	and	CCONJ
ajfa-6694	291	5	statistic	statistic	NOUN
ajfa-6694	291	6	,	,	PUNCT
ajfa-6694	291	7	47(1	47(1	NUM
ajfa-6694	291	8	)	)	PUNCT
ajfa-6694	291	9	,	,	PUNCT
ajfa-6694	291	10	13	13	NUM
ajfa-6694	291	11	-	-	SYM
ajfa-6694	291	12	37	37	NUM
ajfa-6694	291	13	.	.	PUNCT
ajfa-6694	292	1	http://dx.doi.org/10.2307/1924119	http://dx.doi.org/10.2307/1924119	PROPN
ajfa-6694	292	2	manddala	manddala	PROPN
ajfa-6694	292	3	,	,	PUNCT
ajfa-6694	292	4	g.s	g.s	PROPN
ajfa-6694	292	5	.	.	PROPN
ajfa-6694	292	6	(	(	PUNCT
ajfa-6694	292	7	2005	2005	NUM
ajfa-6694	292	8	)	)	PUNCT
ajfa-6694	292	9	.	.	PUNCT
ajfa-6694	293	1	introduction	introduction	NOUN
ajfa-6694	293	2	to	to	ADP
ajfa-6694	293	3	econometrics	econometric	NOUN
ajfa-6694	293	4	.	.	PUNCT
ajfa-6694	294	1	third	third	PROPN
ajfa-6694	294	2	edition	edition	PROPN
ajfa-6694	294	3	.	.	PUNCT
ajfa-6694	295	1	new	new	PROPN
ajfa-6694	295	2	york	york	PROPN
ajfa-6694	295	3	:	:	PUNCT
ajfa-6694	295	4	john	john	PROPN
ajfa-6694	295	5	wiley	wiley	PROPN
ajfa-6694	295	6	&	&	CCONJ
ajfa-6694	295	7	son	son	PROPN
ajfa-6694	295	8	ltd	ltd	PROPN
ajfa-6694	295	9	.	.	PROPN
ajfa-6694	295	10	mcqueen	mcqueen	PROPN
ajfa-6694	295	11	,	,	PUNCT
ajfa-6694	295	12	g.	g.	PROPN
ajfa-6694	295	13	,	,	PUNCT
ajfa-6694	295	14	&	&	CCONJ
ajfa-6694	295	15	roley	roley	PROPN
ajfa-6694	295	16	,	,	PUNCT
ajfa-6694	295	17	v.	v.	PROPN
ajfa-6694	295	18	(	(	PUNCT
ajfa-6694	295	19	1993	1993	NUM
ajfa-6694	295	20	)	)	PUNCT
ajfa-6694	295	21	.	.	PUNCT
ajfa-6694	296	1	stock	stock	NOUN
ajfa-6694	296	2	prices	price	NOUN
ajfa-6694	296	3	,	,	PUNCT
ajfa-6694	296	4	news	news	NOUN
ajfa-6694	296	5	,	,	PUNCT
ajfa-6694	296	6	and	and	CCONJ
ajfa-6694	296	7	business	business	NOUN
ajfa-6694	296	8	conditions	condition	NOUN
ajfa-6694	296	9	.	.	PUNCT
ajfa-6694	297	1	review	review	NOUN
ajfa-6694	297	2	of	of	ADP
ajfa-6694	297	3	financial	financial	ADJ
ajfa-6694	297	4	studies	study	NOUN
ajfa-6694	297	5	,	,	PUNCT
ajfa-6694	297	6	6(3	6(3	NUM
ajfa-6694	297	7	)	)	PUNCT
ajfa-6694	297	8	,	,	PUNCT
ajfa-6694	297	9	683	683	NUM
ajfa-6694	297	10	-	-	SYM
ajfa-6694	297	11	707	707	NUM
ajfa-6694	297	12	.	.	PUNCT
ajfa-6694	298	1	http://dx.doi.org/10.3386/w3520	http://dx.doi.org/10.3386/w3520	PROPN
ajfa-6694	298	2	min	min	PROPN
ajfa-6694	298	3	,	,	PUNCT
ajfa-6694	298	4	h.g	h.g	PROPN
ajfa-6694	298	5	.	.	PROPN
ajfa-6694	298	6	,	,	PUNCT
ajfa-6694	298	7	(	(	PUNCT
ajfa-6694	298	8	1999	1999	NUM
ajfa-6694	298	9	)	)	PUNCT
ajfa-6694	298	10	.	.	PUNCT
ajfa-6694	299	1	determinants	determinant	NOUN
ajfa-6694	299	2	of	of	ADP
ajfa-6694	299	3	emerging	emerge	VERB
ajfa-6694	299	4	marker	marker	NOUN
ajfa-6694	299	5	bond	bond	NOUN
ajfa-6694	299	6	spreads	spread	VERB
ajfa-6694	299	7	:	:	PUNCT
ajfa-6694	299	8	do	do	VERB
ajfa-6694	299	9	economic	economic	ADJ
ajfa-6694	299	10	fundamental	fundamental	ADJ
ajfa-6694	299	11	matter	matter	NOUN
ajfa-6694	299	12	?	?	PUNCT
ajfa-6694	300	1	police	police	NOUN
ajfa-6694	300	2	research	research	VERB
ajfa-6694	300	3	working	working	NOUN
ajfa-6694	300	4	paper	paper	NOUN
ajfa-6694	300	5	.	.	PUNCT
ajfa-6694	301	1	http://dx.doi.org/10.1596/1813-9450-1899	http://dx.doi.org/10.1596/1813-9450-1899	PROPN
ajfa-6694	301	2	asian	asian	ADJ
ajfa-6694	301	3	journal	journal	PROPN
ajfa-6694	301	4	of	of	ADP
ajfa-6694	301	5	finance	finance	PROPN
ajfa-6694	301	6	&	&	CCONJ
ajfa-6694	301	7	accounting	accounting	PROPN
ajfa-6694	301	8	issn	issn	PROPN
ajfa-6694	301	9	1946	1946	NUM
ajfa-6694	301	10	-	-	PUNCT
ajfa-6694	301	11	052x	052x	NOUN
ajfa-6694	301	12	2015	2015	NUM
ajfa-6694	301	13	,	,	PUNCT
ajfa-6694	301	14	vol	vol	NOUN
ajfa-6694	301	15	.	.	PROPN
ajfa-6694	301	16	7	7	NUM
ajfa-6694	301	17	,	,	PUNCT
ajfa-6694	301	18	no	no	INTJ
ajfa-6694	301	19	.	.	NOUN
ajfa-6694	301	20	1	1	NUM
ajfa-6694	301	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-6694	301	22	171	171	NUM
ajfa-6694	301	23	mossin	mossin	NOUN
ajfa-6694	301	24	,	,	PUNCT
ajfa-6694	301	25	j.	j.	PROPN
ajfa-6694	301	26	(	(	PUNCT
ajfa-6694	301	27	1966	1966	NUM
ajfa-6694	301	28	)	)	PUNCT
ajfa-6694	301	29	.	.	PUNCT
ajfa-6694	302	1	equilibrium	equilibrium	NOUN
ajfa-6694	302	2	in	in	ADP
ajfa-6694	302	3	a	a	DET
ajfa-6694	302	4	capital	capital	NOUN
ajfa-6694	302	5	asset	asset	NOUN
ajfa-6694	302	6	market	market	NOUN
ajfa-6694	302	7	.	.	PUNCT
ajfa-6694	303	1	modern	modern	ADJ
ajfa-6694	303	2	economy	economy	NOUN
ajfa-6694	303	3	,	,	PUNCT
ajfa-6694	303	4	34(4	34(4	NUM
ajfa-6694	303	5	)	)	PUNCT
ajfa-6694	303	6	,	,	PUNCT
ajfa-6694	303	7	768	768	NUM
ajfa-6694	303	8	-	-	SYM
ajfa-6694	303	9	783	783	NUM
ajfa-6694	303	10	.	.	PUNCT
ajfa-6694	304	1	http://dx.doi.org/10.2307/1910098	http://dx.doi.org/10.2307/1910098	PROPN
ajfa-6694	304	2	oetzel	oetzel	PROPN
ajfa-6694	304	3	,	,	PUNCT
ajfa-6694	304	4	j.m	j.m	PROPN
ajfa-6694	304	5	.	.	PROPN
ajfa-6694	304	6	,	,	PUNCT
ajfa-6694	304	7	betits	betit	NOUN
ajfa-6694	304	8	,	,	PUNCT
ajfa-6694	304	9	r.a	r.a	PROPN
ajfa-6694	304	10	.	.	PROPN
ajfa-6694	304	11	,	,	PUNCT
ajfa-6694	304	12	&	&	CCONJ
ajfa-6694	304	13	zenner	zenner	NOUN
ajfa-6694	304	14	,	,	PUNCT
ajfa-6694	304	15	m.	m.	NOUN
ajfa-6694	304	16	(	(	PUNCT
ajfa-6694	304	17	2001	2001	NUM
ajfa-6694	304	18	)	)	PUNCT
ajfa-6694	304	19	.	.	PUNCT
ajfa-6694	305	1	country	country	NOUN
ajfa-6694	305	2	risk	risk	NOUN
ajfa-6694	305	3	measures	measure	NOUN
ajfa-6694	305	4	:	:	PUNCT
ajfa-6694	305	5	how	how	SCONJ
ajfa-6694	305	6	risk	risk	NOUN
ajfa-6694	305	7	are	be	AUX
ajfa-6694	305	8	they	they	PRON
ajfa-6694	305	9	?	?	PUNCT
ajfa-6694	306	1	journal	journal	PROPN
ajfa-6694	306	2	of	of	ADP
ajfa-6694	306	3	world	world	PROPN
ajfa-6694	306	4	business	business	NOUN
ajfa-6694	306	5	,	,	PUNCT
ajfa-6694	306	6	36(2	36(2	NUM
ajfa-6694	306	7	)	)	PUNCT
ajfa-6694	306	8	,	,	PUNCT
ajfa-6694	306	9	128	128	NUM
ajfa-6694	306	10	-	-	SYM
ajfa-6694	306	11	145	145	NUM
ajfa-6694	306	12	.	.	PUNCT
ajfa-6694	307	1	ross	ross	PROPN
ajfa-6694	307	2	,	,	PUNCT
ajfa-6694	307	3	et	et	PROPN
ajfa-6694	307	4	al	al	PROPN
ajfa-6694	307	5	.	.	PUNCT
ajfa-6694	307	6	(	(	PUNCT
ajfa-6694	307	7	2009	2009	NUM
ajfa-6694	307	8	)	)	PUNCT
ajfa-6694	307	9	.	.	PUNCT
ajfa-6694	308	1	modern	modern	ADJ
ajfa-6694	308	2	financial	financial	ADJ
ajfa-6694	308	3	management	management	NOUN
ajfa-6694	308	4	.	.	PUNCT
ajfa-6694	309	1	eight	eight	NUM
ajfa-6694	309	2	edition	edition	NOUN
ajfa-6694	309	3	,	,	PUNCT
ajfa-6694	309	4	new	new	PROPN
ajfa-6694	309	5	york	york	PROPN
ajfa-6694	309	6	:	:	PUNCT
ajfa-6694	309	7	mcgraw	mcgraw	PROPN
ajfa-6694	309	8	-	-	PUNCT
ajfa-6694	309	9	hill	hill	NOUN
ajfa-6694	309	10	international	international	PROPN
ajfa-6694	309	11	edition	edition	PROPN
ajfa-6694	309	12	.	.	PUNCT
ajfa-6694	310	1	schill	schill	PROPN
ajfa-6694	310	2	,	,	PUNCT
ajfa-6694	310	3	m.j	m.j	PROPN
ajfa-6694	310	4	.	.	PROPN
ajfa-6694	310	5	(	(	PUNCT
ajfa-6694	310	6	2008	2008	NUM
ajfa-6694	310	7	)	)	PUNCT
ajfa-6694	310	8	.	.	PUNCT
ajfa-6694	311	1	new	new	ADJ
ajfa-6694	311	2	perspectives	perspective	NOUN
ajfa-6694	311	3	on	on	ADP
ajfa-6694	311	4	investing	invest	VERB
ajfa-6694	311	5	in	in	ADP
ajfa-6694	311	6	emerging	emerge	VERB
ajfa-6694	311	7	markets	market	NOUN
ajfa-6694	311	8	.	.	PUNCT
ajfa-6694	312	1	the	the	DET
ajfa-6694	312	2	research	research	NOUN
ajfa-6694	312	3	foundation	foundation	PROPN
ajfa-6694	312	4	of	of	ADP
ajfa-6694	312	5	cfa	cfa	PROPN
ajfa-6694	312	6	institute	institute	PROPN
ajfa-6694	312	7	literature	literature	PROPN
ajfa-6694	312	8	review	review	PROPN
ajfa-6694	312	9	.	.	PUNCT
ajfa-6694	313	1	sharpe	sharpe	PROPN
ajfa-6694	313	2	,	,	PUNCT
ajfa-6694	313	3	w.	w.	PROPN
ajfa-6694	313	4	(	(	PUNCT
ajfa-6694	313	5	1964	1964	NUM
ajfa-6694	313	6	)	)	PUNCT
ajfa-6694	313	7	.	.	PUNCT
ajfa-6694	314	1	capital	capital	NOUN
ajfa-6694	314	2	asset	asset	NOUN
ajfa-6694	314	3	price	price	NOUN
ajfa-6694	314	4	:	:	PUNCT
ajfa-6694	314	5	a	a	DET
ajfa-6694	314	6	theory	theory	NOUN
ajfa-6694	314	7	of	of	ADP
ajfa-6694	314	8	market	market	NOUN
ajfa-6694	314	9	equilibrium	equilibrium	NOUN
ajfa-6694	314	10	under	under	ADP
ajfa-6694	314	11	conditions	condition	NOUN
ajfa-6694	314	12	of	of	ADP
ajfa-6694	314	13	risk	risk	NOUN
ajfa-6694	314	14	.	.	PUNCT
ajfa-6694	315	1	journal	journal	NOUN
ajfa-6694	315	2	of	of	ADP
ajfa-6694	315	3	finance	finance	NOUN
ajfa-6694	315	4	,	,	PUNCT
ajfa-6694	315	5	19(3	19(3	NUM
ajfa-6694	315	6	)	)	PUNCT
ajfa-6694	315	7	,	,	PUNCT
ajfa-6694	315	8	425	425	NUM
ajfa-6694	315	9	-	-	SYM
ajfa-6694	315	10	442	442	NUM
ajfa-6694	315	11	.	.	PUNCT
ajfa-6694	316	1	http://dx.doi.org/10.1111/j.1540-6261.1964.tb02865.x	http://dx.doi.org/10.1111/j.1540-6261.1964.tb02865.x	X
ajfa-6694	316	2	soussanov	soussanov	PROPN
ajfa-6694	316	3	,	,	PUNCT
ajfa-6694	316	4	d.	d.	PROPN
ajfa-6694	316	5	(	(	PUNCT
ajfa-6694	316	6	2002	2002	NUM
ajfa-6694	316	7	)	)	PUNCT
ajfa-6694	316	8	.	.	PUNCT
ajfa-6694	317	1	statistical	statistical	ADJ
ajfa-6694	317	2	data	datum	NOUN
ajfa-6694	317	3	choice	choice	NOUN
ajfa-6694	317	4	in	in	ADP
ajfa-6694	317	5	country	country	NOUN
ajfa-6694	317	6	risk	risk	NOUN
ajfa-6694	317	7	analysis	analysis	NOUN
ajfa-6694	317	8	.	.	PUNCT
ajfa-6694	318	1	journal	journal	NOUN
ajfa-6694	318	2	of	of	ADP
ajfa-6694	318	3	investing	investing	PROPN
ajfa-6694	318	4	,	,	PUNCT
ajfa-6694	318	5	11(4	11(4	NUM
ajfa-6694	318	6	)	)	PUNCT
ajfa-6694	318	7	,	,	PUNCT
ajfa-6694	318	8	39	39	NUM
ajfa-6694	318	9	-	-	SYM
ajfa-6694	318	10	42	42	NUM
ajfa-6694	318	11	.	.	PUNCT
ajfa-6694	319	1	http://dx.doi.org/10.3905/joi.2002.319523	http://dx.doi.org/10.3905/joi.2002.319523	PROPN
ajfa-6694	319	2	teixeira	teixeira	PROPN
ajfa-6694	319	3	,	,	PUNCT
ajfa-6694	319	4	m.f	m.f	PROPN
ajfa-6694	319	5	.	.	PROPN
ajfa-6694	319	6	,	,	PUNCT
ajfa-6694	319	7	klotzle	klotzle	PROPN
ajfa-6694	319	8	,	,	PUNCT
ajfa-6694	319	9	m.c	m.c	PROPN
ajfa-6694	319	10	.	.	PROPN
ajfa-6694	319	11	,	,	PUNCT
ajfa-6694	319	12	&	&	CCONJ
ajfa-6694	319	13	ness	ness	PROPN
ajfa-6694	319	14	,	,	PUNCT
ajfa-6694	319	15	w.l	w.l	PROPN
ajfa-6694	319	16	.	.	PROPN
ajfa-6694	319	17	(	(	PUNCT
ajfa-6694	319	18	2008	2008	NUM
ajfa-6694	319	19	)	)	PUNCT
ajfa-6694	319	20	.	.	PUNCT
ajfa-6694	320	1	determinant	determinant	ADJ
ajfa-6694	320	2	factor	factor	NOUN
ajfa-6694	320	3	of	of	ADP
ajfa-6694	320	4	brazilian	brazilian	ADJ
ajfa-6694	320	5	country	country	NOUN
ajfa-6694	320	6	risk	risk	NOUN
ajfa-6694	320	7	:	:	PUNCT
ajfa-6694	320	8	an	an	DET
ajfa-6694	320	9	empirical	empirical	ADJ
ajfa-6694	320	10	analysis	analysis	NOUN
ajfa-6694	320	11	of	of	ADP
ajfa-6694	320	12	specific	specific	ADJ
ajfa-6694	320	13	country	country	NOUN
ajfa-6694	320	14	risk	risk	NOUN
ajfa-6694	320	15	.	.	PUNCT
ajfa-6694	321	1	revista	revista	PROPN
ajfa-6694	321	2	brasileira	brasileira	PROPN
ajfa-6694	321	3	de	de	PROPN
ajfa-6694	321	4	financas	financas	PROPN
ajfa-6694	321	5	,	,	PUNCT
ajfa-6694	321	6	6(1	6(1	NUM
ajfa-6694	321	7	)	)	PUNCT
ajfa-6694	321	8	,	,	PUNCT
ajfa-6694	321	9	49	49	NUM
ajfa-6694	321	10	-	-	SYM
ajfa-6694	321	11	67	67	NUM
ajfa-6694	321	12	.	.	PUNCT
ajfa-6694	322	1	topak	topak	PROPN
ajfa-6694	322	2	,	,	PUNCT
ajfa-6694	322	3	m.	m.	PROPN
ajfa-6694	322	4	s	s	PROPN
ajfa-6694	322	5	&	&	CCONJ
ajfa-6694	322	6	muzir	muzir	NOUN
ajfa-6694	322	7	,	,	PUNCT
ajfa-6694	322	8	erol	erol	NOUN
ajfa-6694	322	9	.	.	PUNCT
ajfa-6694	323	1	(	(	PUNCT
ajfa-6694	323	2	2011	2011	NUM
ajfa-6694	323	3	)	)	PUNCT
ajfa-6694	323	4	.	.	PUNCT
ajfa-6694	324	1	examination	examination	NOUN
ajfa-6694	324	2	of	of	ADP
ajfa-6694	324	3	country	country	NOUN
ajfa-6694	324	4	risk	risk	NOUN
ajfa-6694	324	5	determinants	determinant	NOUN
ajfa-6694	324	6	using	use	VERB
ajfa-6694	324	7	artificial	artificial	ADJ
ajfa-6694	324	8	neural	neural	ADJ
ajfa-6694	324	9	networks	network	NOUN
ajfa-6694	324	10	:	:	PUNCT
ajfa-6694	324	11	the	the	DET
ajfa-6694	324	12	case	case	NOUN
ajfa-6694	324	13	of	of	ADP
ajfa-6694	324	14	turkey	turkey	NOUN
ajfa-6694	324	15	.	.	PUNCT
ajfa-6694	325	1	international	international	ADJ
ajfa-6694	325	2	research	research	PROPN
ajfa-6694	325	3	journal	journal	NOUN
ajfa-6694	325	4	of	of	ADP
ajfa-6694	325	5	finance	finance	NOUN
ajfa-6694	325	6	and	and	CCONJ
ajfa-6694	325	7	economics	economic	NOUN
ajfa-6694	325	8	,	,	PUNCT
ajfa-6694	325	9	0(75	0(75	NUM
ajfa-6694	325	10	)	)	PUNCT
ajfa-6694	325	11	,	,	PUNCT
ajfa-6694	325	12	120	120	NUM
ajfa-6694	325	13	-	-	SYM
ajfa-6694	325	14	131	131	NUM
ajfa-6694	325	15	.	.	PUNCT
ajfa-6694	326	1	verbenik	verbenik	PROPN
ajfa-6694	326	2	,	,	PUNCT
ajfa-6694	326	3	m.	m.	NOUN
ajfa-6694	326	4	,	,	PUNCT
ajfa-6694	326	5	horvath	horvath	PROPN
ajfa-6694	326	6	.	.	PUNCT
ajfa-6694	327	1	j.	j.	PROPN
ajfa-6694	327	2	,	,	PUNCT
ajfa-6694	327	3	&	&	CCONJ
ajfa-6694	327	4	gazda	gazda	PROPN
ajfa-6694	327	5	,	,	PUNCT
ajfa-6694	327	6	v.	v.	PROPN
ajfa-6694	327	7	(	(	PUNCT
ajfa-6694	327	8	2011	2011	NUM
ajfa-6694	327	9	)	)	PUNCT
ajfa-6694	327	10	.	.	PUNCT
ajfa-6694	328	1	country	country	NOUN
ajfa-6694	328	2	risk	risk	NOUN
ajfa-6694	328	3	in	in	ADP
ajfa-6694	328	4	the	the	DET
ajfa-6694	328	5	new	new	ADJ
ajfa-6694	328	6	eu	eu	PROPN
ajfa-6694	328	7	member	member	NOUN
ajfa-6694	328	8	states	state	NOUN
ajfa-6694	328	9	:	:	PUNCT
ajfa-6694	328	10	a	a	DET
ajfa-6694	328	11	country	country	NOUN
ajfa-6694	328	12	beta	beta	NOUN
ajfa-6694	328	13	approach	approach	NOUN
ajfa-6694	328	14	.	.	PUNCT
ajfa-6694	329	1	international	international	ADJ
ajfa-6694	329	2	research	research	PROPN
ajfa-6694	329	3	journal	journal	NOUN
ajfa-6694	329	4	of	of	ADP
ajfa-6694	329	5	finance	finance	NOUN
ajfa-6694	329	6	and	and	CCONJ
ajfa-6694	329	7	economics	economic	NOUN
ajfa-6694	329	8	,	,	PUNCT
ajfa-6694	329	9	10(80	10(80	NUM
ajfa-6694	329	10	)	)	PUNCT
ajfa-6694	329	11	,	,	PUNCT
ajfa-6694	329	12	148	148	NUM
ajfa-6694	329	13	-	-	SYM
ajfa-6694	329	14	157	157	NUM
ajfa-6694	329	15	.	.	PUNCT
ajfa-6694	330	1	verma	verma	PROPN
ajfa-6694	330	2	,	,	PUNCT
ajfa-6694	330	3	r.	r.	PROPN
ajfa-6694	330	4	,	,	PUNCT
ajfa-6694	330	5	&	&	CCONJ
ajfa-6694	330	6	soydemir	soydemir	PROPN
ajfa-6694	330	7	,	,	PUNCT
ajfa-6694	330	8	g.	g.	PROPN
ajfa-6694	330	9	(	(	PUNCT
ajfa-6694	330	10	2006	2006	NUM
ajfa-6694	330	11	)	)	PUNCT
ajfa-6694	330	12	.	.	PUNCT
ajfa-6694	331	1	modeling	model	VERB
ajfa-6694	331	2	country	country	NOUN
ajfa-6694	331	3	risk	risk	NOUN
ajfa-6694	331	4	in	in	ADP
ajfa-6694	331	5	latin	latin	PROPN
ajfa-6694	331	6	america	america	PROPN
ajfa-6694	331	7	:	:	PUNCT
ajfa-6694	331	8	a	a	DET
ajfa-6694	331	9	country	country	NOUN
ajfa-6694	331	10	beta	beta	NOUN
ajfa-6694	331	11	approach	approach	NOUN
ajfa-6694	331	12	.	.	PUNCT
ajfa-6694	332	1	global	global	ADJ
ajfa-6694	332	2	finance	finance	PROPN
ajfa-6694	332	3	journal	journal	PROPN
ajfa-6694	332	4	,	,	PUNCT
ajfa-6694	332	5	17(2	17(2	NUM
ajfa-6694	332	6	)	)	PUNCT
ajfa-6694	332	7	,	,	PUNCT
ajfa-6694	332	8	192	192	NUM
ajfa-6694	332	9	-	-	SYM
ajfa-6694	332	10	213	213	NUM
ajfa-6694	332	11	.	.	PUNCT
ajfa-6694	333	1	http://dx.doi.org/10.1016/j.gfj.2006.05.003	http://dx.doi.org/10.1016/j.gfj.2006.05.003	PROPN
ajfa-6694	333	2	vij	vij	PROPN
ajfa-6694	333	3	,	,	PUNCT
ajfa-6694	333	4	m.	m.	NOUN
ajfa-6694	333	5	,	,	PUNCT
ajfa-6694	333	6	&	&	CCONJ
ajfa-6694	333	7	kapoor	kapoor	PROPN
ajfa-6694	333	8	,	,	PUNCT
ajfa-6694	333	9	m.c	m.c	PROPN
ajfa-6694	333	10	.	.	PROPN
ajfa-6694	333	11	(	(	PUNCT
ajfa-6694	333	12	2007	2007	NUM
ajfa-6694	333	13	)	)	PUNCT
ajfa-6694	333	14	.	.	PUNCT
ajfa-6694	334	1	country	country	NOUN
ajfa-6694	334	2	risk	risk	NOUN
ajfa-6694	334	3	analysis	analysis	NOUN
ajfa-6694	334	4	:	:	PUNCT
ajfa-6694	334	5	a	a	DET
ajfa-6694	334	6	case	case	NOUN
ajfa-6694	334	7	study	study	NOUN
ajfa-6694	334	8	of	of	ADP
ajfa-6694	334	9	india	india	PROPN
ajfa-6694	334	10	.	.	PUNCT
ajfa-6694	335	1	journal	journal	PROPN
ajfa-6694	335	2	of	of	ADP
ajfa-6694	335	3	management	management	NOUN
ajfa-6694	335	4	research	research	NOUN
ajfa-6694	335	5	,	,	PUNCT
ajfa-6694	335	6	7(2	7(2	NUM
ajfa-6694	335	7	)	)	PUNCT
ajfa-6694	335	8	,	,	PUNCT
ajfa-6694	335	9	87	87	NUM
ajfa-6694	335	10	-	-	SYM
ajfa-6694	335	11	102	102	NUM
ajfa-6694	335	12	.	.	PUNCT
ajfa-6694	335	13	wdowinski	wdowinski	PROPN
ajfa-6694	335	14	,	,	PUNCT
ajfa-6694	335	15	p.	p.	NOUN
ajfa-6694	335	16	(	(	PUNCT
ajfa-6694	335	17	2004	2004	NUM
ajfa-6694	335	18	)	)	PUNCT
ajfa-6694	335	19	.	.	PUNCT
ajfa-6694	336	1	determinants	determinant	NOUN
ajfa-6694	336	2	of	of	ADP
ajfa-6694	336	3	country	country	NOUN
ajfa-6694	336	4	beta	beta	NOUN
ajfa-6694	336	5	in	in	ADP
ajfa-6694	336	6	poland	poland	PROPN
ajfa-6694	336	7	.	.	PUNCT
ajfa-6694	337	1	cesifo	cesifo	PROPN
ajfa-6694	337	2	working	work	VERB
ajfa-6694	337	3	paper	paper	NOUN
ajfa-6694	337	4	series	series	NOUN
ajfa-6694	337	5	,	,	PUNCT
ajfa-6694	337	6	no	no	INTJ
ajfa-6694	337	7	.	.	NOUN
ajfa-6694	337	8	1120	1120	NUM
ajfa-6694	337	9	.	.	PUNCT