id	sid	tid	token	lemma	pos
ajfa-810	1	1	microsoft	microsoft	PROPN
ajfa-810	1	2	word	word	PROPN
ajfa-810	1	3	impact	impact	NOUN
ajfa-810	1	4	-	-	PUNCT
ajfa-810	1	5	writer2	writer2	VERB
ajfa-810	1	6	-	-	ADJ
ajfa-810	1	7	new	new	ADJ
ajfa-810	1	8	asian	asian	ADJ
ajfa-810	1	9	journal	journal	NOUN
ajfa-810	1	10	of	of	ADP
ajfa-810	1	11	finance	finance	PROPN
ajfa-810	1	12	&	&	CCONJ
ajfa-810	1	13	accounting	accounting	PROPN
ajfa-810	1	14	issn	issn	PROPN
ajfa-810	1	15	1946	1946	NUM
ajfa-810	1	16	-	-	PUNCT
ajfa-810	1	17	052x	052x	NOUN
ajfa-810	1	18	2012	2012	NUM
ajfa-810	1	19	,	,	PUNCT
ajfa-810	1	20	vol	vol	NOUN
ajfa-810	1	21	.	.	PROPN
ajfa-810	1	22	4	4	NUM
ajfa-810	1	23	,	,	PUNCT
ajfa-810	1	24	no	no	INTJ
ajfa-810	1	25	.	.	NOUN
ajfa-810	1	26	1	1	NUM
ajfa-810	1	27	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-810	1	28	1	1	NUM
ajfa-810	1	29	impact	impact	NOUN
ajfa-810	1	30	of	of	ADP
ajfa-810	1	31	corporate	corporate	ADJ
ajfa-810	1	32	governance	governance	NOUN
ajfa-810	1	33	on	on	ADP
ajfa-810	1	34	social	social	ADJ
ajfa-810	1	35	and	and	CCONJ
ajfa-810	1	36	environmental	environmental	ADJ
ajfa-810	1	37	information	information	NOUN
ajfa-810	1	38	disclosure	disclosure	NOUN
ajfa-810	1	39	of	of	ADP
ajfa-810	1	40	malaysian	malaysian	ADJ
ajfa-810	1	41	listed	list	VERB
ajfa-810	1	42	banks	bank	NOUN
ajfa-810	1	43	:	:	PUNCT
ajfa-810	1	44	panel	panel	NOUN
ajfa-810	1	45	data	data	VERB
ajfa-810	1	46	analysis	analysis	NOUN
ajfa-810	1	47	sheila	sheila	PROPN
ajfa-810	1	48	nu	nu	PROPN
ajfa-810	1	49	nu	nu	PROPN
ajfa-810	1	50	htay	htay	PROPN
ajfa-810	1	51	(	(	PUNCT
ajfa-810	1	52	corresponding	corresponding	ADJ
ajfa-810	1	53	author	author	NOUN
ajfa-810	1	54	)	)	PUNCT
ajfa-810	1	55	iium	iium	NOUN
ajfa-810	1	56	institute	institute	PROPN
ajfa-810	1	57	of	of	ADP
ajfa-810	1	58	islamic	islamic	PROPN
ajfa-810	1	59	banking	banking	PROPN
ajfa-810	1	60	and	and	CCONJ
ajfa-810	1	61	finance	finance	PROPN
ajfa-810	1	62	international	international	PROPN
ajfa-810	1	63	islamic	islamic	PROPN
ajfa-810	1	64	university	university	PROPN
ajfa-810	1	65	malaysia	malaysia	PROPN
ajfa-810	1	66	205	205	NUM
ajfa-810	1	67	a	a	PRON
ajfa-810	1	68	,	,	PUNCT
ajfa-810	1	69	jalan	jalan	PROPN
ajfa-810	1	70	damansara	damansara	PROPN
ajfa-810	1	71	,	,	PUNCT
ajfa-810	1	72	damansara	damansara	ADJ
ajfa-810	1	73	heights	height	NOUN
ajfa-810	1	74	,	,	PUNCT
ajfa-810	1	75	50480	50480	NUM
ajfa-810	1	76	kuala	kuala	PROPN
ajfa-810	1	77	lumpur	lumpur	PROPN
ajfa-810	1	78	,	,	PUNCT
ajfa-810	1	79	malaysia	malaysia	PROPN
ajfa-810	1	80	tel	tel	NOUN
ajfa-810	1	81	:	:	PUNCT
ajfa-810	1	82	60	60	NUM
ajfa-810	1	83	-	-	SYM
ajfa-810	1	84	3	3	NUM
ajfa-810	1	85	-	-	PUNCT
ajfa-810	1	86	2082	2082	NUM
ajfa-810	1	87	-	-	SYM
ajfa-810	1	88	2812	2812	NUM
ajfa-810	1	89	e	e	NOUN
ajfa-810	1	90	-	-	NOUN
ajfa-810	1	91	mail	mail	NOUN
ajfa-810	1	92	:	:	PUNCT
ajfa-810	1	93	sheila@iium.edu.my	sheila@iium.edu.my	PROPN
ajfa-810	1	94	hafiz	hafiz	PROPN
ajfa-810	1	95	majdi	majdi	PROPN
ajfa-810	1	96	ab	ab	PROPN
ajfa-810	1	97	.	.	PROPN
ajfa-810	1	98	rashid	rashid	PROPN
ajfa-810	1	99	department	department	PROPN
ajfa-810	1	100	of	of	ADP
ajfa-810	1	101	accounting	accounting	PROPN
ajfa-810	1	102	,	,	PUNCT
ajfa-810	1	103	kulliyah	kulliyah	NOUN
ajfa-810	1	104	of	of	ADP
ajfa-810	1	105	economics	economic	NOUN
ajfa-810	1	106	and	and	CCONJ
ajfa-810	1	107	management	management	NOUN
ajfa-810	1	108	sciences	sciences	PROPN
ajfa-810	1	109	international	international	PROPN
ajfa-810	1	110	islamic	islamic	PROPN
ajfa-810	1	111	university	university	PROPN
ajfa-810	1	112	malaysia	malaysia	PROPN
ajfa-810	1	113	p.o	p.o	PROPN
ajfa-810	1	114	.	.	PROPN
ajfa-810	1	115	box	box	PROPN
ajfa-810	1	116	10	10	NUM
ajfa-810	1	117	,	,	PUNCT
ajfa-810	1	118	50728	50728	NUM
ajfa-810	1	119	kuala	kuala	PROPN
ajfa-810	1	120	lumpur	lumpur	PROPN
ajfa-810	1	121	,	,	PUNCT
ajfa-810	1	122	malaysia	malaysia	PROPN
ajfa-810	1	123	tel	tel	NOUN
ajfa-810	1	124	:	:	PUNCT
ajfa-810	1	125	60	60	NUM
ajfa-810	1	126	-	-	SYM
ajfa-810	1	127	3	3	NUM
ajfa-810	1	128	-	-	PUNCT
ajfa-810	1	129	6196	6196	NUM
ajfa-810	1	130	-	-	SYM
ajfa-810	1	131	4699	4699	NUM
ajfa-810	1	132	e	e	NOUN
ajfa-810	1	133	-	-	NOUN
ajfa-810	1	134	mail	mail	NOUN
ajfa-810	1	135	:	:	PUNCT
ajfa-810	1	136	arhafiz@iium.edu.my	arhafiz@iium.edu.my	PROPN
ajfa-810	1	137	mohamad	mohamad	PROPN
ajfa-810	1	138	akhyar	akhyar	PROPN
ajfa-810	1	139	adnan	adnan	PROPN
ajfa-810	1	140	faculty	faculty	PROPN
ajfa-810	1	141	of	of	ADP
ajfa-810	1	142	economics	economic	NOUN
ajfa-810	1	143	,	,	PUNCT
ajfa-810	1	144	universitas	universita	NOUN
ajfa-810	1	145	muhammadiyah	muhammadiyah	ADP
ajfa-810	1	146	yogyakarta	yogyakarta	PROPN
ajfa-810	1	147	jl	jl	PROPN
ajfa-810	1	148	.	.	PUNCT
ajfa-810	2	1	lingkar	lingkar	PROPN
ajfa-810	2	2	selatan	selatan	PROPN
ajfa-810	2	3	,	,	PUNCT
ajfa-810	2	4	kasihan	kasihan	PROPN
ajfa-810	2	5	bantul	bantul	PROPN
ajfa-810	2	6	diy	diy	NOUN
ajfa-810	2	7	55183	55183	NUM
ajfa-810	2	8	e	e	NOUN
ajfa-810	2	9	-	-	NOUN
ajfa-810	2	10	mail	mail	NOUN
ajfa-810	2	11	:	:	PUNCT
ajfa-810	2	12	adnan@umy.ac.id	adnan@umy.ac.id	PROPN
ajfa-810	2	13	ahamed	ahamed	PROPN
ajfa-810	2	14	kameel	kameel	PROPN
ajfa-810	2	15	mydin	mydin	PROPN
ajfa-810	2	16	meera	meera	PROPN
ajfa-810	2	17	department	department	PROPN
ajfa-810	2	18	of	of	ADP
ajfa-810	2	19	finance	finance	NOUN
ajfa-810	2	20	,	,	PUNCT
ajfa-810	2	21	kulliyah	kulliyah	NOUN
ajfa-810	2	22	of	of	ADP
ajfa-810	2	23	economics	economic	NOUN
ajfa-810	2	24	and	and	CCONJ
ajfa-810	2	25	sciences	sciences	PROPN
ajfa-810	2	26	international	international	PROPN
ajfa-810	2	27	islamic	islamic	PROPN
ajfa-810	2	28	university	university	PROPN
ajfa-810	2	29	malaysia	malaysia	PROPN
ajfa-810	2	30	p.o	p.o	PROPN
ajfa-810	2	31	.	.	PROPN
ajfa-810	2	32	box	box	PROPN
ajfa-810	2	33	10	10	NUM
ajfa-810	2	34	,	,	PUNCT
ajfa-810	2	35	50728	50728	NUM
ajfa-810	2	36	kuala	kuala	PROPN
ajfa-810	2	37	lumpur	lumpur	PROPN
ajfa-810	2	38	,	,	PUNCT
ajfa-810	2	39	malaysia	malaysia	PROPN
ajfa-810	2	40	tel	tel	NOUN
ajfa-810	2	41	:	:	PUNCT
ajfa-810	2	42	60	60	NUM
ajfa-810	2	43	-	-	PUNCT
ajfa-810	2	44	36196	36196	NUM
ajfa-810	2	45	-	-	SYM
ajfa-810	2	46	4754	4754	NUM
ajfa-810	2	47	e	e	NOUN
ajfa-810	2	48	-	-	NOUN
ajfa-810	2	49	mail	mail	NOUN
ajfa-810	2	50	:	:	PUNCT
ajfa-810	2	51	akameel@iium.edu.my	akameel@iium.edu.my	PROPN
ajfa-810	2	52	received	receive	VERB
ajfa-810	2	53	:	:	PUNCT
ajfa-810	2	54	july	july	PROPN
ajfa-810	2	55	24	24	NUM
ajfa-810	2	56	,	,	PUNCT
ajfa-810	2	57	2011	2011	NUM
ajfa-810	2	58	accepted	accept	VERB
ajfa-810	2	59	:	:	PUNCT
ajfa-810	2	60	november	november	PROPN
ajfa-810	2	61	28	28	NUM
ajfa-810	2	62	,	,	PUNCT
ajfa-810	2	63	2011	2011	NUM
ajfa-810	2	64	published	publish	VERB
ajfa-810	2	65	:	:	PUNCT
ajfa-810	2	66	june	june	PROPN
ajfa-810	2	67	1	1	NUM
ajfa-810	2	68	,	,	PUNCT
ajfa-810	2	69	2012	2012	NUM
ajfa-810	2	70	doi:10.5296	doi:10.5296	NOUN
ajfa-810	2	71	/	/	SYM
ajfa-810	2	72	ajfa.v4i1.810	ajfa.v4i1.810	PROPN
ajfa-810	2	73	url	url	NOUN
ajfa-810	2	74	:	:	PUNCT
ajfa-810	2	75	http://dx.doi.org/10.5296/ajfa.v4i1.810	http://dx.doi.org/10.5296/ajfa.v4i1.810	PROPN
ajfa-810	2	76	asian	asian	ADJ
ajfa-810	2	77	journal	journal	NOUN
ajfa-810	2	78	of	of	ADP
ajfa-810	2	79	finance	finance	PROPN
ajfa-810	2	80	&	&	CCONJ
ajfa-810	2	81	accounting	accounting	PROPN
ajfa-810	2	82	issn	issn	PROPN
ajfa-810	2	83	1946	1946	NUM
ajfa-810	2	84	-	-	PUNCT
ajfa-810	2	85	052x	052x	NOUN
ajfa-810	2	86	2012	2012	NUM
ajfa-810	2	87	,	,	PUNCT
ajfa-810	2	88	vol	vol	NOUN
ajfa-810	2	89	.	.	PROPN
ajfa-810	2	90	4	4	NUM
ajfa-810	2	91	,	,	PUNCT
ajfa-810	2	92	no	no	INTJ
ajfa-810	2	93	.	.	NOUN
ajfa-810	2	94	1	1	NUM
ajfa-810	2	95	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-810	2	96	2	2	NUM
ajfa-810	2	97	abstract	abstract	ADV
ajfa-810	2	98	this	this	DET
ajfa-810	2	99	study	study	NOUN
ajfa-810	2	100	investigates	investigate	VERB
ajfa-810	2	101	the	the	DET
ajfa-810	2	102	impact	impact	NOUN
ajfa-810	2	103	of	of	ADP
ajfa-810	2	104	corporate	corporate	ADJ
ajfa-810	2	105	governance	governance	NOUN
ajfa-810	2	106	on	on	ADP
ajfa-810	2	107	social	social	ADJ
ajfa-810	2	108	and	and	CCONJ
ajfa-810	2	109	environmental	environmental	ADJ
ajfa-810	2	110	information	information	NOUN
ajfa-810	2	111	disclosure	disclosure	NOUN
ajfa-810	2	112	of	of	ADP
ajfa-810	2	113	malaysian	malaysian	ADJ
ajfa-810	2	114	listed	list	VERB
ajfa-810	2	115	banks	bank	NOUN
ajfa-810	2	116	by	by	ADP
ajfa-810	2	117	using	use	VERB
ajfa-810	2	118	a	a	DET
ajfa-810	2	119	panel	panel	NOUN
ajfa-810	2	120	data	datum	NOUN
ajfa-810	2	121	analysis	analysis	NOUN
ajfa-810	2	122	.	.	PUNCT
ajfa-810	3	1	the	the	DET
ajfa-810	3	2	proxies	proxy	NOUN
ajfa-810	3	3	for	for	ADP
ajfa-810	3	4	good	good	ADJ
ajfa-810	3	5	corporate	corporate	ADJ
ajfa-810	3	6	governance	governance	NOUN
ajfa-810	3	7	are	be	AUX
ajfa-810	3	8	board	board	NOUN
ajfa-810	3	9	leadership	leadership	NOUN
ajfa-810	3	10	structure	structure	NOUN
ajfa-810	3	11	,	,	PUNCT
ajfa-810	3	12	board	board	NOUN
ajfa-810	3	13	composition	composition	NOUN
ajfa-810	3	14	,	,	PUNCT
ajfa-810	3	15	board	board	NOUN
ajfa-810	3	16	size	size	NOUN
ajfa-810	3	17	,	,	PUNCT
ajfa-810	3	18	director	director	NOUN
ajfa-810	3	19	ownership	ownership	NOUN
ajfa-810	3	20	,	,	PUNCT
ajfa-810	3	21	institutional	institutional	ADJ
ajfa-810	3	22	ownership	ownership	NOUN
ajfa-810	3	23	and	and	CCONJ
ajfa-810	3	24	block	block	NOUN
ajfa-810	3	25	ownership	ownership	NOUN
ajfa-810	3	26	.	.	PUNCT
ajfa-810	4	1	social	social	ADJ
ajfa-810	4	2	and	and	CCONJ
ajfa-810	4	3	environmental	environmental	ADJ
ajfa-810	4	4	information	information	NOUN
ajfa-810	4	5	disclosure	disclosure	NOUN
ajfa-810	4	6	index	index	NOUN
ajfa-810	4	7	is	be	AUX
ajfa-810	4	8	developed	develop	VERB
ajfa-810	4	9	and	and	CCONJ
ajfa-810	4	10	content	content	ADJ
ajfa-810	4	11	analysis	analysis	NOUN
ajfa-810	4	12	is	be	AUX
ajfa-810	4	13	conducted	conduct	VERB
ajfa-810	4	14	by	by	ADP
ajfa-810	4	15	cross	cross	NOUN
ajfa-810	4	16	checking	checking	NOUN
ajfa-810	4	17	between	between	ADP
ajfa-810	4	18	the	the	DET
ajfa-810	4	19	social	social	ADJ
ajfa-810	4	20	and	and	CCONJ
ajfa-810	4	21	environmental	environmental	ADJ
ajfa-810	4	22	information	information	NOUN
ajfa-810	4	23	disclosed	disclose	VERB
ajfa-810	4	24	in	in	ADP
ajfa-810	4	25	the	the	DET
ajfa-810	4	26	annual	annual	ADJ
ajfa-810	4	27	reports	report	NOUN
ajfa-810	4	28	and	and	CCONJ
ajfa-810	4	29	the	the	DET
ajfa-810	4	30	disclosure	disclosure	NOUN
ajfa-810	4	31	index	index	NOUN
ajfa-810	4	32	developed	develop	VERB
ajfa-810	4	33	by	by	ADP
ajfa-810	4	34	the	the	DET
ajfa-810	4	35	researcher	researcher	NOUN
ajfa-810	4	36	.	.	PUNCT
ajfa-810	5	1	the	the	DET
ajfa-810	5	2	disclosure	disclosure	NOUN
ajfa-810	5	3	score	score	NOUN
ajfa-810	5	4	used	use	VERB
ajfa-810	5	5	in	in	ADP
ajfa-810	5	6	this	this	DET
ajfa-810	5	7	study	study	NOUN
ajfa-810	5	8	is	be	AUX
ajfa-810	5	9	weighted	weight	VERB
ajfa-810	5	10	disclosure	disclosure	NOUN
ajfa-810	5	11	score	score	NOUN
ajfa-810	5	12	after	after	ADP
ajfa-810	5	13	considering	consider	VERB
ajfa-810	5	14	the	the	DET
ajfa-810	5	15	opinions	opinion	NOUN
ajfa-810	5	16	of	of	ADP
ajfa-810	5	17	accountants	accountant	NOUN
ajfa-810	5	18	and	and	CCONJ
ajfa-810	5	19	financial	financial	ADJ
ajfa-810	5	20	analysts	analyst	NOUN
ajfa-810	5	21	who	who	PRON
ajfa-810	5	22	represent	represent	VERB
ajfa-810	5	23	preparers	preparer	NOUN
ajfa-810	5	24	and	and	CCONJ
ajfa-810	5	25	users	user	NOUN
ajfa-810	5	26	of	of	ADP
ajfa-810	5	27	the	the	DET
ajfa-810	5	28	accounting	accounting	NOUN
ajfa-810	5	29	information	information	NOUN
ajfa-810	5	30	respectively	respectively	ADV
ajfa-810	5	31	.	.	PUNCT
ajfa-810	6	1	the	the	DET
ajfa-810	6	2	findings	finding	NOUN
ajfa-810	6	3	show	show	VERB
ajfa-810	6	4	that	that	SCONJ
ajfa-810	6	5	smaller	small	ADJ
ajfa-810	6	6	board	board	NOUN
ajfa-810	6	7	size	size	NOUN
ajfa-810	6	8	,	,	PUNCT
ajfa-810	6	9	higher	high	ADJ
ajfa-810	6	10	percentage	percentage	NOUN
ajfa-810	6	11	of	of	ADP
ajfa-810	6	12	independent	independent	ADJ
ajfa-810	6	13	directors	director	NOUN
ajfa-810	6	14	(	(	PUNCT
ajfa-810	6	15	1	1	NUM
ajfa-810	6	16	%	%	NOUN
ajfa-810	6	17	)	)	PUNCT
ajfa-810	6	18	on	on	ADP
ajfa-810	6	19	the	the	DET
ajfa-810	6	20	board	board	NOUN
ajfa-810	6	21	,	,	PUNCT
ajfa-810	6	22	higher	high	ADJ
ajfa-810	6	23	board	board	NOUN
ajfa-810	6	24	size	size	NOUN
ajfa-810	6	25	(	(	PUNCT
ajfa-810	6	26	1	1	NUM
ajfa-810	6	27	%	%	NOUN
ajfa-810	6	28	)	)	PUNCT
ajfa-810	6	29	,	,	PUNCT
ajfa-810	6	30	higher	high	ADJ
ajfa-810	6	31	percentage	percentage	NOUN
ajfa-810	6	32	of	of	ADP
ajfa-810	6	33	director	director	NOUN
ajfa-810	6	34	ownership	ownership	NOUN
ajfa-810	6	35	,	,	PUNCT
ajfa-810	6	36	lower	low	ADJ
ajfa-810	6	37	institutional	institutional	ADJ
ajfa-810	6	38	and	and	CCONJ
ajfa-810	6	39	lower	low	ADJ
ajfa-810	6	40	block	block	NOUN
ajfa-810	6	41	ownership	ownership	NOUN
ajfa-810	6	42	(	(	PUNCT
ajfa-810	6	43	5	5	NUM
ajfa-810	6	44	%	%	NOUN
ajfa-810	6	45	)	)	PUNCT
ajfa-810	6	46	have	have	VERB
ajfa-810	6	47	higher	high	ADJ
ajfa-810	6	48	information	information	NOUN
ajfa-810	6	49	disclosure	disclosure	NOUN
ajfa-810	6	50	.	.	PUNCT
ajfa-810	7	1	keywords	keyword	NOUN
ajfa-810	7	2	:	:	PUNCT
ajfa-810	7	3	social	social	ADJ
ajfa-810	7	4	and	and	CCONJ
ajfa-810	7	5	environmental	environmental	ADJ
ajfa-810	7	6	reporting	reporting	NOUN
ajfa-810	7	7	,	,	PUNCT
ajfa-810	7	8	bank	bank	NOUN
ajfa-810	7	9	,	,	PUNCT
ajfa-810	7	10	corporate	corporate	ADJ
ajfa-810	7	11	governance	governance	NOUN
ajfa-810	7	12	,	,	PUNCT
ajfa-810	7	13	generalized	generalized	ADJ
ajfa-810	7	14	least	least	ADV
ajfa-810	7	15	square	square	ADJ
ajfa-810	7	16	,	,	PUNCT
ajfa-810	7	17	panel	panel	NOUN
ajfa-810	7	18	data	data	PROPN
ajfa-810	7	19	,	,	PUNCT
ajfa-810	7	20	agency	agency	NOUN
ajfa-810	7	21	theory	theory	NOUN
ajfa-810	7	22	,	,	PUNCT
ajfa-810	7	23	malaysia	malaysia	PROPN
ajfa-810	7	24	asian	asian	ADJ
ajfa-810	7	25	journal	journal	PROPN
ajfa-810	7	26	of	of	ADP
ajfa-810	7	27	finance	finance	PROPN
ajfa-810	7	28	&	&	CCONJ
ajfa-810	7	29	accounting	accounting	PROPN
ajfa-810	7	30	issn	issn	PROPN
ajfa-810	7	31	1946	1946	NUM
ajfa-810	7	32	-	-	PUNCT
ajfa-810	7	33	052x	052x	NOUN
ajfa-810	7	34	2012	2012	NUM
ajfa-810	7	35	,	,	PUNCT
ajfa-810	7	36	vol	vol	NOUN
ajfa-810	7	37	.	.	PROPN
ajfa-810	7	38	4	4	NUM
ajfa-810	7	39	,	,	PUNCT
ajfa-810	7	40	no	no	INTJ
ajfa-810	7	41	.	.	NOUN
ajfa-810	7	42	1	1	NUM
ajfa-810	7	43	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-810	7	44	3	3	NUM
ajfa-810	7	45	1	1	NUM
ajfa-810	7	46	.	.	PUNCT
ajfa-810	8	1	introduction	introduction	NOUN
ajfa-810	8	2	importance	importance	NOUN
ajfa-810	8	3	of	of	ADP
ajfa-810	8	4	corporate	corporate	ADJ
ajfa-810	8	5	governance	governance	NOUN
ajfa-810	8	6	has	have	AUX
ajfa-810	8	7	been	be	AUX
ajfa-810	8	8	highlighted	highlight	VERB
ajfa-810	8	9	over	over	ADP
ajfa-810	8	10	the	the	DET
ajfa-810	8	11	world	world	NOUN
ajfa-810	8	12	nowadays	nowadays	ADV
ajfa-810	8	13	and	and	CCONJ
ajfa-810	8	14	it	it	PRON
ajfa-810	8	15	has	have	AUX
ajfa-810	8	16	accused	accuse	VERB
ajfa-810	8	17	as	as	ADP
ajfa-810	8	18	one	one	NUM
ajfa-810	8	19	of	of	ADP
ajfa-810	8	20	the	the	DET
ajfa-810	8	21	main	main	ADJ
ajfa-810	8	22	causes	cause	NOUN
ajfa-810	8	23	of	of	ADP
ajfa-810	8	24	crisis	crisis	NOUN
ajfa-810	8	25	.	.	PUNCT
ajfa-810	9	1	agency	agency	NOUN
ajfa-810	9	2	theory	theory	NOUN
ajfa-810	9	3	and	and	CCONJ
ajfa-810	9	4	many	many	ADJ
ajfa-810	9	5	corporate	corporate	ADJ
ajfa-810	9	6	guidelines	guideline	NOUN
ajfa-810	9	7	suggest	suggest	VERB
ajfa-810	9	8	having	have	VERB
ajfa-810	9	9	a	a	DET
ajfa-810	9	10	good	good	ADJ
ajfa-810	9	11	corporate	corporate	ADJ
ajfa-810	9	12	governance	governance	NOUN
ajfa-810	9	13	system	system	NOUN
ajfa-810	9	14	for	for	ADP
ajfa-810	9	15	more	more	ADV
ajfa-810	9	16	transparent	transparent	ADJ
ajfa-810	9	17	disclosing	disclosing	NOUN
ajfa-810	9	18	information	information	NOUN
ajfa-810	9	19	about	about	ADP
ajfa-810	9	20	the	the	DET
ajfa-810	9	21	corporation	corporation	NOUN
ajfa-810	9	22	.	.	PUNCT
ajfa-810	10	1	in	in	ADP
ajfa-810	10	2	addition	addition	NOUN
ajfa-810	10	3	,	,	PUNCT
ajfa-810	10	4	corporate	corporate	ADJ
ajfa-810	10	5	governance	governance	NOUN
ajfa-810	10	6	of	of	ADP
ajfa-810	10	7	banks	bank	NOUN
ajfa-810	10	8	seems	seem	VERB
ajfa-810	10	9	to	to	PART
ajfa-810	10	10	be	be	AUX
ajfa-810	10	11	more	more	ADV
ajfa-810	10	12	important	important	ADJ
ajfa-810	10	13	than	than	ADP
ajfa-810	10	14	other	other	ADJ
ajfa-810	10	15	industries	industry	NOUN
ajfa-810	10	16	because	because	SCONJ
ajfa-810	10	17	the	the	DET
ajfa-810	10	18	banking	banking	NOUN
ajfa-810	10	19	sector	sector	NOUN
ajfa-810	10	20	plays	play	VERB
ajfa-810	10	21	a	a	DET
ajfa-810	10	22	crucial	crucial	ADJ
ajfa-810	10	23	financial	financial	ADJ
ajfa-810	10	24	intermediary	intermediary	ADJ
ajfa-810	10	25	role	role	NOUN
ajfa-810	10	26	in	in	ADP
ajfa-810	10	27	any	any	DET
ajfa-810	10	28	economy	economy	NOUN
ajfa-810	10	29	.	.	PUNCT
ajfa-810	11	1	poor	poor	ADJ
ajfa-810	11	2	corporate	corporate	ADJ
ajfa-810	11	3	governance	governance	NOUN
ajfa-810	11	4	of	of	ADP
ajfa-810	11	5	the	the	DET
ajfa-810	11	6	banks	bank	NOUN
ajfa-810	11	7	can	can	AUX
ajfa-810	11	8	drive	drive	VERB
ajfa-810	11	9	the	the	DET
ajfa-810	11	10	market	market	NOUN
ajfa-810	11	11	to	to	PART
ajfa-810	11	12	lose	lose	VERB
ajfa-810	11	13	confidence	confidence	NOUN
ajfa-810	11	14	in	in	ADP
ajfa-810	11	15	the	the	DET
ajfa-810	11	16	ability	ability	NOUN
ajfa-810	11	17	of	of	ADP
ajfa-810	11	18	a	a	DET
ajfa-810	11	19	bank	bank	NOUN
ajfa-810	11	20	to	to	PART
ajfa-810	11	21	properly	properly	ADV
ajfa-810	11	22	manage	manage	VERB
ajfa-810	11	23	its	its	PRON
ajfa-810	11	24	assets	asset	NOUN
ajfa-810	11	25	and	and	CCONJ
ajfa-810	11	26	liabilities	liability	NOUN
ajfa-810	11	27	,	,	PUNCT
ajfa-810	11	28	including	include	VERB
ajfa-810	11	29	deposits	deposit	NOUN
ajfa-810	11	30	,	,	PUNCT
ajfa-810	11	31	which	which	PRON
ajfa-810	11	32	could	could	AUX
ajfa-810	11	33	in	in	ADP
ajfa-810	11	34	turn	turn	NOUN
ajfa-810	11	35	trigger	trigger	VERB
ajfa-810	11	36	a	a	DET
ajfa-810	11	37	liquidity	liquidity	NOUN
ajfa-810	11	38	crisis	crisis	NOUN
ajfa-810	11	39	and	and	CCONJ
ajfa-810	11	40	then	then	ADV
ajfa-810	11	41	it	it	PRON
ajfa-810	11	42	might	might	AUX
ajfa-810	11	43	lead	lead	VERB
ajfa-810	11	44	to	to	ADP
ajfa-810	11	45	economic	economic	ADJ
ajfa-810	11	46	crisis	crisis	NOUN
ajfa-810	11	47	in	in	ADP
ajfa-810	11	48	a	a	DET
ajfa-810	11	49	country	country	NOUN
ajfa-810	11	50	and	and	CCONJ
ajfa-810	11	51	pose	pose	VERB
ajfa-810	11	52	a	a	DET
ajfa-810	11	53	systemic	systemic	ADJ
ajfa-810	11	54	risk	risk	NOUN
ajfa-810	11	55	to	to	ADP
ajfa-810	11	56	the	the	DET
ajfa-810	11	57	society	society	NOUN
ajfa-810	11	58	at	at	ADP
ajfa-810	11	59	large	large	ADJ
ajfa-810	11	60	(	(	PUNCT
ajfa-810	11	61	garcia	garcia	PROPN
ajfa-810	11	62	-	-	PUNCT
ajfa-810	11	63	marco	marco	PROPN
ajfa-810	11	64	and	and	CCONJ
ajfa-810	11	65	robles	robles	PROPN
ajfa-810	11	66	-	-	PUNCT
ajfa-810	11	67	fernandez	fernandez	PROPN
ajfa-810	11	68	,	,	PUNCT
ajfa-810	11	69	2008	2008	NUM
ajfa-810	11	70	)	)	PUNCT
ajfa-810	11	71	.	.	PUNCT
ajfa-810	12	1	therefore	therefore	ADV
ajfa-810	12	2	,	,	PUNCT
ajfa-810	12	3	it	it	PRON
ajfa-810	12	4	is	be	AUX
ajfa-810	12	5	interested	interested	ADJ
ajfa-810	12	6	to	to	PART
ajfa-810	12	7	examine	examine	VERB
ajfa-810	12	8	the	the	DET
ajfa-810	12	9	importance	importance	NOUN
ajfa-810	12	10	of	of	ADP
ajfa-810	12	11	corporate	corporate	ADJ
ajfa-810	12	12	governance	governance	NOUN
ajfa-810	12	13	mechanisms	mechanism	NOUN
ajfa-810	12	14	in	in	ADP
ajfa-810	12	15	the	the	DET
ajfa-810	12	16	banking	banking	NOUN
ajfa-810	12	17	sector	sector	NOUN
ajfa-810	12	18	.	.	PUNCT
ajfa-810	13	1	information	information	NOUN
ajfa-810	13	2	disclosure	disclosure	NOUN
ajfa-810	13	3	is	be	AUX
ajfa-810	13	4	an	an	DET
ajfa-810	13	5	important	important	ADJ
ajfa-810	13	6	and	and	CCONJ
ajfa-810	13	7	efficient	efficient	ADJ
ajfa-810	13	8	means	mean	NOUN
ajfa-810	13	9	of	of	ADP
ajfa-810	13	10	protecting	protect	VERB
ajfa-810	13	11	shareholders	shareholder	NOUN
ajfa-810	13	12	and	and	CCONJ
ajfa-810	13	13	is	be	AUX
ajfa-810	13	14	at	at	ADP
ajfa-810	13	15	the	the	DET
ajfa-810	13	16	heart	heart	NOUN
ajfa-810	13	17	of	of	ADP
ajfa-810	13	18	corporate	corporate	ADJ
ajfa-810	13	19	governance	governance	NOUN
ajfa-810	13	20	.	.	PUNCT
ajfa-810	14	1	it	it	PRON
ajfa-810	14	2	is	be	AUX
ajfa-810	14	3	also	also	ADV
ajfa-810	14	4	integral	integral	ADJ
ajfa-810	14	5	to	to	ADP
ajfa-810	14	6	corporate	corporate	ADJ
ajfa-810	14	7	governance	governance	NOUN
ajfa-810	14	8	,	,	PUNCT
ajfa-810	14	9	i.e.	i.e.	X
ajfa-810	14	10	an	an	DET
ajfa-810	14	11	important	important	ADJ
ajfa-810	14	12	element	element	NOUN
ajfa-810	14	13	of	of	ADP
ajfa-810	14	14	corporate	corporate	ADJ
ajfa-810	14	15	governance	governance	NOUN
ajfa-810	14	16	,	,	PUNCT
ajfa-810	14	17	since	since	SCONJ
ajfa-810	14	18	higher	high	ADJ
ajfa-810	14	19	disclosure	disclosure	NOUN
ajfa-810	14	20	could	could	AUX
ajfa-810	14	21	be	be	AUX
ajfa-810	14	22	able	able	ADJ
ajfa-810	14	23	to	to	PART
ajfa-810	14	24	reduce	reduce	VERB
ajfa-810	14	25	the	the	DET
ajfa-810	14	26	information	information	NOUN
ajfa-810	14	27	asymmetry	asymmetry	NOUN
ajfa-810	14	28	,	,	PUNCT
ajfa-810	14	29	to	to	PART
ajfa-810	14	30	clarify	clarify	VERB
ajfa-810	14	31	the	the	DET
ajfa-810	14	32	conflict	conflict	NOUN
ajfa-810	14	33	of	of	ADP
ajfa-810	14	34	interests	interest	NOUN
ajfa-810	14	35	between	between	ADP
ajfa-810	14	36	the	the	DET
ajfa-810	14	37	shareholders	shareholder	NOUN
ajfa-810	14	38	and	and	CCONJ
ajfa-810	14	39	the	the	DET
ajfa-810	14	40	management	management	NOUN
ajfa-810	14	41	,	,	PUNCT
ajfa-810	14	42	and	and	CCONJ
ajfa-810	14	43	to	to	PART
ajfa-810	14	44	make	make	VERB
ajfa-810	14	45	corporate	corporate	ADJ
ajfa-810	14	46	insiders	insider	NOUN
ajfa-810	14	47	accountable	accountable	ADJ
ajfa-810	14	48	.	.	PUNCT
ajfa-810	15	1	among	among	ADP
ajfa-810	15	2	the	the	DET
ajfa-810	15	3	different	different	ADJ
ajfa-810	15	4	types	type	NOUN
ajfa-810	15	5	of	of	ADP
ajfa-810	15	6	information	information	NOUN
ajfa-810	15	7	disclosed	disclose	VERB
ajfa-810	15	8	in	in	ADP
ajfa-810	15	9	the	the	DET
ajfa-810	15	10	annual	annual	ADJ
ajfa-810	15	11	reports	report	NOUN
ajfa-810	15	12	,	,	PUNCT
ajfa-810	15	13	disclosure	disclosure	NOUN
ajfa-810	15	14	on	on	ADP
ajfa-810	15	15	social	social	ADJ
ajfa-810	15	16	and	and	CCONJ
ajfa-810	15	17	environmental	environmental	ADJ
ajfa-810	15	18	information	information	NOUN
ajfa-810	15	19	is	be	AUX
ajfa-810	15	20	focused	focus	VERB
ajfa-810	15	21	in	in	ADP
ajfa-810	15	22	this	this	DET
ajfa-810	15	23	study	study	NOUN
ajfa-810	15	24	because	because	SCONJ
ajfa-810	15	25	corporate	corporate	ADJ
ajfa-810	15	26	governance	governance	NOUN
ajfa-810	15	27	guidelines	guideline	NOUN
ajfa-810	15	28	extends	extend	VERB
ajfa-810	15	29	the	the	DET
ajfa-810	15	30	responsibilities	responsibility	NOUN
ajfa-810	15	31	of	of	ADP
ajfa-810	15	32	the	the	DET
ajfa-810	15	33	board	board	NOUN
ajfa-810	15	34	of	of	ADP
ajfa-810	15	35	directors	director	NOUN
ajfa-810	15	36	from	from	ADP
ajfa-810	15	37	the	the	DET
ajfa-810	15	38	shareholders	shareholder	NOUN
ajfa-810	15	39	to	to	ADP
ajfa-810	15	40	wider	wide	ADJ
ajfa-810	15	41	aspect	aspect	NOUN
ajfa-810	15	42	,	,	PUNCT
ajfa-810	15	43	i.e.	i.e.	X
ajfa-810	15	44	stakeholders	stakeholder	NOUN
ajfa-810	15	45	.	.	PUNCT
ajfa-810	16	1	moreover	moreover	ADV
ajfa-810	16	2	,	,	PUNCT
ajfa-810	16	3	taking	take	VERB
ajfa-810	16	4	care	care	NOUN
ajfa-810	16	5	of	of	ADP
ajfa-810	16	6	society	society	NOUN
ajfa-810	16	7	and	and	CCONJ
ajfa-810	16	8	environment	environment	NOUN
ajfa-810	16	9	is	be	AUX
ajfa-810	16	10	essential	essential	ADJ
ajfa-810	16	11	for	for	SCONJ
ajfa-810	16	12	the	the	DET
ajfa-810	16	13	long	long	ADJ
ajfa-810	16	14	-	-	PUNCT
ajfa-810	16	15	term	term	NOUN
ajfa-810	16	16	sustainability	sustainability	NOUN
ajfa-810	16	17	of	of	ADP
ajfa-810	16	18	the	the	DET
ajfa-810	16	19	firms	firm	NOUN
ajfa-810	16	20	and	and	CCONJ
ajfa-810	16	21	corporate	corporate	ADJ
ajfa-810	16	22	social	social	ADJ
ajfa-810	16	23	and	and	CCONJ
ajfa-810	16	24	environmental	environmental	ADJ
ajfa-810	16	25	reporting	reporting	NOUN
ajfa-810	16	26	becomes	become	VERB
ajfa-810	16	27	an	an	DET
ajfa-810	16	28	important	important	ADJ
ajfa-810	16	29	issue	issue	NOUN
ajfa-810	16	30	nowadays	nowadays	ADV
ajfa-810	16	31	(	(	PUNCT
ajfa-810	16	32	pramanik	pramanik	X
ajfa-810	16	33	et	et	PROPN
ajfa-810	16	34	al	al	PROPN
ajfa-810	16	35	.	.	PROPN
ajfa-810	16	36	,	,	PUNCT
ajfa-810	16	37	2008	2008	NUM
ajfa-810	16	38	)	)	PUNCT
ajfa-810	16	39	.	.	PUNCT
ajfa-810	17	1	cortez	cortez	PROPN
ajfa-810	17	2	and	and	CCONJ
ajfa-810	17	3	penacerrada	penacerrada	PROPN
ajfa-810	17	4	(	(	PUNCT
ajfa-810	17	5	2010	2010	NUM
ajfa-810	17	6	)	)	PUNCT
ajfa-810	17	7	mention	mention	VERB
ajfa-810	17	8	that	that	SCONJ
ajfa-810	17	9	protecting	protect	VERB
ajfa-810	17	10	the	the	DET
ajfa-810	17	11	society	society	NOUN
ajfa-810	17	12	and	and	CCONJ
ajfa-810	17	13	environment	environment	NOUN
ajfa-810	17	14	is	be	AUX
ajfa-810	17	15	part	part	NOUN
ajfa-810	17	16	of	of	ADP
ajfa-810	17	17	the	the	DET
ajfa-810	17	18	corporate	corporate	ADJ
ajfa-810	17	19	social	social	ADJ
ajfa-810	17	20	responsibility	responsibility	NOUN
ajfa-810	17	21	of	of	ADP
ajfa-810	17	22	the	the	DET
ajfa-810	17	23	corporation	corporation	NOUN
ajfa-810	17	24	and	and	CCONJ
ajfa-810	17	25	it	it	PRON
ajfa-810	17	26	should	should	AUX
ajfa-810	17	27	be	be	AUX
ajfa-810	17	28	responsible	responsible	ADJ
ajfa-810	17	29	for	for	ADP
ajfa-810	17	30	environmental	environmental	ADJ
ajfa-810	17	31	crisis	crisis	NOUN
ajfa-810	17	32	if	if	SCONJ
ajfa-810	17	33	it	it	PRON
ajfa-810	17	34	damages	damage	VERB
ajfa-810	17	35	the	the	DET
ajfa-810	17	36	environment	environment	NOUN
ajfa-810	17	37	.	.	PUNCT
ajfa-810	18	1	baxi	baxi	PROPN
ajfa-810	18	2	and	and	CCONJ
ajfa-810	18	3	ray	ray	NOUN
ajfa-810	18	4	(	(	PUNCT
ajfa-810	18	5	2009	2009	NUM
ajfa-810	18	6	)	)	PUNCT
ajfa-810	18	7	,	,	PUNCT
ajfa-810	18	8	farid	farid	PROPN
ajfa-810	18	9	et	et	PROPN
ajfa-810	18	10	al	al	PROPN
ajfa-810	18	11	.	.	PROPN
ajfa-810	18	12	(	(	PUNCT
ajfa-810	18	13	2009	2009	NUM
ajfa-810	18	14	)	)	PUNCT
ajfa-810	18	15	,	,	PUNCT
ajfa-810	18	16	and	and	CCONJ
ajfa-810	18	17	uwalomwa	uwalomwa	PROPN
ajfa-810	18	18	and	and	CCONJ
ajfa-810	18	19	uadiale	uadiale	PROPN
ajfa-810	18	20	(	(	PUNCT
ajfa-810	18	21	2011	2011	NUM
ajfa-810	18	22	)	)	PUNCT
ajfa-810	18	23	also	also	ADV
ajfa-810	18	24	state	state	VERB
ajfa-810	18	25	that	that	SCONJ
ajfa-810	18	26	corporate	corporate	ADJ
ajfa-810	18	27	social	social	ADJ
ajfa-810	18	28	and	and	CCONJ
ajfa-810	18	29	environmental	environmental	ADJ
ajfa-810	18	30	reporting	reporting	NOUN
ajfa-810	18	31	has	have	AUX
ajfa-810	18	32	received	receive	VERB
ajfa-810	18	33	attention	attention	NOUN
ajfa-810	18	34	in	in	ADP
ajfa-810	18	35	recent	recent	ADJ
ajfa-810	18	36	years	year	NOUN
ajfa-810	18	37	as	as	ADP
ajfa-810	18	38	a	a	DET
ajfa-810	18	39	part	part	NOUN
ajfa-810	18	40	of	of	ADP
ajfa-810	18	41	sustainable	sustainable	ADJ
ajfa-810	18	42	development	development	NOUN
ajfa-810	18	43	process	process	NOUN
ajfa-810	18	44	across	across	ADP
ajfa-810	18	45	the	the	DET
ajfa-810	18	46	world	world	NOUN
ajfa-810	18	47	and	and	CCONJ
ajfa-810	18	48	it	it	PRON
ajfa-810	18	49	becomes	become	VERB
ajfa-810	18	50	very	very	ADV
ajfa-810	18	51	interesting	interesting	ADJ
ajfa-810	18	52	issue	issue	NOUN
ajfa-810	18	53	for	for	ADP
ajfa-810	18	54	practice	practice	NOUN
ajfa-810	18	55	and	and	CCONJ
ajfa-810	18	56	academic	academic	ADJ
ajfa-810	18	57	area	area	NOUN
ajfa-810	18	58	.	.	PUNCT
ajfa-810	19	1	they	they	PRON
ajfa-810	19	2	further	far	ADV
ajfa-810	19	3	state	state	VERB
ajfa-810	19	4	that	that	SCONJ
ajfa-810	19	5	the	the	DET
ajfa-810	19	6	introducing	introducing	NOUN
ajfa-810	19	7	of	of	ADP
ajfa-810	19	8	global	global	ADJ
ajfa-810	19	9	reporting	reporting	NOUN
ajfa-810	19	10	initiative	initiative	NOUN
ajfa-810	19	11	in	in	ADP
ajfa-810	19	12	year	year	NOUN
ajfa-810	19	13	2000	2000	NUM
ajfa-810	19	14	has	have	AUX
ajfa-810	19	15	proposed	propose	VERB
ajfa-810	19	16	certain	certain	ADJ
ajfa-810	19	17	guidelines	guideline	NOUN
ajfa-810	19	18	to	to	ADP
ajfa-810	19	19	social	social	ADJ
ajfa-810	19	20	,	,	PUNCT
ajfa-810	19	21	environmental	environmental	ADJ
ajfa-810	19	22	and	and	CCONJ
ajfa-810	19	23	financial	financial	ADJ
ajfa-810	19	24	reporting	reporting	NOUN
ajfa-810	19	25	that	that	SCONJ
ajfa-810	19	26	many	many	ADJ
ajfa-810	19	27	companies	company	NOUN
ajfa-810	19	28	can	can	AUX
ajfa-810	19	29	follow	follow	VERB
ajfa-810	19	30	as	as	ADP
ajfa-810	19	31	guidelines	guideline	NOUN
ajfa-810	19	32	.	.	PUNCT
ajfa-810	20	1	however	however	ADV
ajfa-810	20	2	,	,	PUNCT
ajfa-810	20	3	the	the	DET
ajfa-810	20	4	social	social	ADJ
ajfa-810	20	5	and	and	CCONJ
ajfa-810	20	6	environmental	environmental	ADJ
ajfa-810	20	7	reporting	reporting	NOUN
ajfa-810	20	8	is	be	AUX
ajfa-810	20	9	still	still	ADV
ajfa-810	20	10	voluntary	voluntary	ADJ
ajfa-810	20	11	reporting	reporting	NOUN
ajfa-810	20	12	in	in	ADP
ajfa-810	20	13	most	most	ADJ
ajfa-810	20	14	of	of	ADP
ajfa-810	20	15	the	the	DET
ajfa-810	20	16	developing	develop	VERB
ajfa-810	20	17	countries	country	NOUN
ajfa-810	20	18	,	,	PUNCT
ajfa-810	20	19	including	include	VERB
ajfa-810	20	20	malaysia	malaysia	PROPN
ajfa-810	20	21	because	because	SCONJ
ajfa-810	20	22	they	they	PRON
ajfa-810	20	23	do	do	AUX
ajfa-810	20	24	not	not	PART
ajfa-810	20	25	have	have	VERB
ajfa-810	20	26	strong	strong	ADJ
ajfa-810	20	27	policy	policy	NOUN
ajfa-810	20	28	on	on	ADP
ajfa-810	20	29	social	social	ADJ
ajfa-810	20	30	and	and	CCONJ
ajfa-810	20	31	environmental	environmental	ADJ
ajfa-810	20	32	reporting	reporting	NOUN
ajfa-810	20	33	(	(	PUNCT
ajfa-810	20	34	ionescu	ionescu	PROPN
ajfa-810	20	35	,	,	PUNCT
ajfa-810	20	36	2010	2010	NUM
ajfa-810	20	37	)	)	PUNCT
ajfa-810	20	38	.	.	PUNCT
ajfa-810	21	1	the	the	DET
ajfa-810	21	2	boards	board	NOUN
ajfa-810	21	3	should	should	AUX
ajfa-810	21	4	also	also	ADV
ajfa-810	21	5	consider	consider	VERB
ajfa-810	21	6	the	the	DET
ajfa-810	21	7	interests	interest	NOUN
ajfa-810	21	8	of	of	ADP
ajfa-810	21	9	the	the	DET
ajfa-810	21	10	stakeholders	stakeholder	NOUN
ajfa-810	21	11	and	and	CCONJ
ajfa-810	21	12	their	their	PRON
ajfa-810	21	13	responsibility	responsibility	NOUN
ajfa-810	21	14	should	should	AUX
ajfa-810	21	15	be	be	AUX
ajfa-810	21	16	extended	extend	VERB
ajfa-810	21	17	beyond	beyond	ADP
ajfa-810	21	18	shareholders	shareholder	NOUN
ajfa-810	21	19	(	(	PUNCT
ajfa-810	21	20	kolk	kolk	NOUN
ajfa-810	21	21	&	&	CCONJ
ajfa-810	21	22	pinkse	pinkse	NOUN
ajfa-810	21	23	,	,	PUNCT
ajfa-810	21	24	2010	2010	NUM
ajfa-810	21	25	)	)	PUNCT
ajfa-810	21	26	.	.	PUNCT
ajfa-810	22	1	according	accord	VERB
ajfa-810	22	2	to	to	AUX
ajfa-810	22	3	sharifah	sharifah	PROPN
ajfa-810	22	4	et	et	PROPN
ajfa-810	22	5	al	al	PROPN
ajfa-810	22	6	.	.	PUNCT
ajfa-810	23	1	(	(	PUNCT
ajfa-810	23	2	2008	2008	NUM
ajfa-810	23	3	)	)	PUNCT
ajfa-810	23	4	,	,	PUNCT
ajfa-810	23	5	in	in	ADP
ajfa-810	23	6	malaysian	malaysian	ADJ
ajfa-810	23	7	context	context	NOUN
ajfa-810	23	8	,	,	PUNCT
ajfa-810	23	9	there	there	PRON
ajfa-810	23	10	are	be	VERB
ajfa-810	23	11	limited	limited	ADJ
ajfa-810	23	12	studies	study	NOUN
ajfa-810	23	13	on	on	ADP
ajfa-810	23	14	the	the	DET
ajfa-810	23	15	association	association	NOUN
ajfa-810	23	16	between	between	ADP
ajfa-810	23	17	corporate	corporate	ADJ
ajfa-810	23	18	governance	governance	NOUN
ajfa-810	23	19	variables	variable	NOUN
ajfa-810	23	20	and	and	CCONJ
ajfa-810	23	21	corporate	corporate	ADJ
ajfa-810	23	22	social	social	ADJ
ajfa-810	23	23	reporting	reporting	NOUN
ajfa-810	23	24	except	except	SCONJ
ajfa-810	23	25	haniffa	haniffa	NOUN
ajfa-810	23	26	and	and	CCONJ
ajfa-810	23	27	cooke	cooke	PROPN
ajfa-810	23	28	(	(	PUNCT
ajfa-810	23	29	2002	2002	NUM
ajfa-810	23	30	)	)	PUNCT
ajfa-810	23	31	and	and	CCONJ
ajfa-810	23	32	sharifah	sharifah	VERB
ajfa-810	23	33	et	et	PROPN
ajfa-810	23	34	al	al	PROPN
ajfa-810	23	35	.	.	PUNCT
ajfa-810	24	1	(	(	PUNCT
ajfa-810	24	2	2008	2008	NUM
ajfa-810	24	3	)	)	PUNCT
ajfa-810	24	4	.	.	PUNCT
ajfa-810	25	1	these	these	DET
ajfa-810	25	2	above	above	ADP
ajfa-810	25	3	stated	stated	ADJ
ajfa-810	25	4	authors	author	NOUN
ajfa-810	25	5	did	do	AUX
ajfa-810	25	6	not	not	PART
ajfa-810	25	7	focus	focus	VERB
ajfa-810	25	8	on	on	ADP
ajfa-810	25	9	financial	financial	ADJ
ajfa-810	25	10	sector	sector	NOUN
ajfa-810	25	11	and	and	CCONJ
ajfa-810	25	12	this	this	DET
ajfa-810	25	13	study	study	NOUN
ajfa-810	25	14	fills	fill	VERB
ajfa-810	25	15	up	up	ADP
ajfa-810	25	16	the	the	DET
ajfa-810	25	17	gap	gap	NOUN
ajfa-810	25	18	by	by	ADP
ajfa-810	25	19	examining	examine	VERB
ajfa-810	25	20	the	the	DET
ajfa-810	25	21	impact	impact	NOUN
ajfa-810	25	22	of	of	ADP
ajfa-810	25	23	corporate	corporate	ADJ
ajfa-810	25	24	governance	governance	NOUN
ajfa-810	25	25	on	on	ADP
ajfa-810	25	26	social	social	ADJ
ajfa-810	25	27	and	and	CCONJ
ajfa-810	25	28	environmental	environmental	ADJ
ajfa-810	25	29	reporting	reporting	NOUN
ajfa-810	25	30	in	in	ADP
ajfa-810	25	31	the	the	DET
ajfa-810	25	32	financial	financial	ADJ
ajfa-810	25	33	sector	sector	NOUN
ajfa-810	25	34	.	.	PUNCT
ajfa-810	26	1	asian	asian	ADJ
ajfa-810	26	2	journal	journal	PROPN
ajfa-810	26	3	of	of	ADP
ajfa-810	26	4	finance	finance	PROPN
ajfa-810	26	5	&	&	CCONJ
ajfa-810	26	6	accounting	accounting	PROPN
ajfa-810	26	7	issn	issn	PROPN
ajfa-810	26	8	1946	1946	NUM
ajfa-810	26	9	-	-	PUNCT
ajfa-810	26	10	052x	052x	NOUN
ajfa-810	26	11	2012	2012	NUM
ajfa-810	26	12	,	,	PUNCT
ajfa-810	26	13	vol	vol	NOUN
ajfa-810	26	14	.	.	PROPN
ajfa-810	26	15	4	4	NUM
ajfa-810	26	16	,	,	PUNCT
ajfa-810	26	17	no	no	INTJ
ajfa-810	26	18	.	.	NOUN
ajfa-810	26	19	1	1	NUM
ajfa-810	26	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-810	26	21	4	4	NUM
ajfa-810	26	22	it	it	PRON
ajfa-810	26	23	could	could	AUX
ajfa-810	26	24	be	be	AUX
ajfa-810	26	25	summed	sum	VERB
ajfa-810	26	26	that	that	SCONJ
ajfa-810	26	27	the	the	DET
ajfa-810	26	28	governance	governance	NOUN
ajfa-810	26	29	seems	seem	VERB
ajfa-810	26	30	to	to	PART
ajfa-810	26	31	be	be	AUX
ajfa-810	26	32	a	a	DET
ajfa-810	26	33	heart	heart	NOUN
ajfa-810	26	34	of	of	ADP
ajfa-810	26	35	the	the	DET
ajfa-810	26	36	corporation	corporation	NOUN
ajfa-810	26	37	,	,	PUNCT
ajfa-810	26	38	especially	especially	ADV
ajfa-810	26	39	in	in	ADP
ajfa-810	26	40	the	the	DET
ajfa-810	26	41	banking	banking	NOUN
ajfa-810	26	42	sector	sector	NOUN
ajfa-810	26	43	and	and	CCONJ
ajfa-810	26	44	to	to	PART
ajfa-810	26	45	have	have	VERB
ajfa-810	26	46	an	an	DET
ajfa-810	26	47	influential	influential	ADJ
ajfa-810	26	48	power	power	NOUN
ajfa-810	26	49	on	on	ADP
ajfa-810	26	50	information	information	NOUN
ajfa-810	26	51	disclosure	disclosure	NOUN
ajfa-810	26	52	of	of	ADP
ajfa-810	26	53	the	the	DET
ajfa-810	26	54	annual	annual	ADJ
ajfa-810	26	55	reports	report	NOUN
ajfa-810	26	56	.	.	PUNCT
ajfa-810	27	1	hence	hence	ADV
ajfa-810	27	2	,	,	PUNCT
ajfa-810	27	3	the	the	DET
ajfa-810	27	4	aim	aim	NOUN
ajfa-810	27	5	of	of	ADP
ajfa-810	27	6	this	this	DET
ajfa-810	27	7	paper	paper	NOUN
ajfa-810	27	8	is	be	AUX
ajfa-810	27	9	to	to	PART
ajfa-810	27	10	investigate	investigate	VERB
ajfa-810	27	11	the	the	DET
ajfa-810	27	12	impact	impact	NOUN
ajfa-810	27	13	of	of	ADP
ajfa-810	27	14	corporate	corporate	ADJ
ajfa-810	27	15	governance	governance	NOUN
ajfa-810	27	16	on	on	ADP
ajfa-810	27	17	the	the	DET
ajfa-810	27	18	social	social	ADJ
ajfa-810	27	19	and	and	CCONJ
ajfa-810	27	20	environmental	environmental	ADJ
ajfa-810	27	21	information	information	NOUN
ajfa-810	27	22	disclosure	disclosure	NOUN
ajfa-810	27	23	of	of	ADP
ajfa-810	27	24	the	the	DET
ajfa-810	27	25	banks	bank	NOUN
ajfa-810	27	26	.	.	PUNCT
ajfa-810	28	1	2	2	X
ajfa-810	28	2	.	.	X
ajfa-810	28	3	theoretical	theoretical	ADJ
ajfa-810	28	4	framework	framework	NOUN
ajfa-810	28	5	and	and	CCONJ
ajfa-810	28	6	empirical	empirical	ADJ
ajfa-810	28	7	studies	study	NOUN
ajfa-810	28	8	according	accord	VERB
ajfa-810	28	9	to	to	ADP
ajfa-810	28	10	jensen	jensen	PROPN
ajfa-810	28	11	and	and	CCONJ
ajfa-810	28	12	meckling	meckling	NOUN
ajfa-810	28	13	(	(	PUNCT
ajfa-810	28	14	1976	1976	NUM
ajfa-810	28	15	)	)	PUNCT
ajfa-810	28	16	,	,	PUNCT
ajfa-810	28	17	the	the	DET
ajfa-810	28	18	separation	separation	NOUN
ajfa-810	28	19	of	of	ADP
ajfa-810	28	20	ownership	ownership	NOUN
ajfa-810	28	21	and	and	CCONJ
ajfa-810	28	22	control	control	NOUN
ajfa-810	28	23	can	can	AUX
ajfa-810	28	24	incur	incur	VERB
ajfa-810	28	25	agency	agency	NOUN
ajfa-810	28	26	cost	cost	NOUN
ajfa-810	28	27	.	.	PUNCT
ajfa-810	29	1	one	one	NUM
ajfa-810	29	2	of	of	ADP
ajfa-810	29	3	the	the	DET
ajfa-810	29	4	best	good	ADJ
ajfa-810	29	5	ways	way	NOUN
ajfa-810	29	6	to	to	PART
ajfa-810	29	7	reduce	reduce	VERB
ajfa-810	29	8	this	this	DET
ajfa-810	29	9	cost	cost	NOUN
ajfa-810	29	10	is	be	AUX
ajfa-810	29	11	implementing	implement	VERB
ajfa-810	29	12	the	the	DET
ajfa-810	29	13	good	good	ADJ
ajfa-810	29	14	corporate	corporate	ADJ
ajfa-810	29	15	governance	governance	NOUN
ajfa-810	29	16	(	(	PUNCT
ajfa-810	29	17	judge	judge	NOUN
ajfa-810	29	18	et	et	PROPN
ajfa-810	29	19	al	al	PROPN
ajfa-810	29	20	.	.	PROPN
ajfa-810	29	21	,	,	PUNCT
ajfa-810	29	22	2003	2003	NUM
ajfa-810	29	23	)	)	PUNCT
ajfa-810	29	24	since	since	SCONJ
ajfa-810	29	25	it	it	PRON
ajfa-810	29	26	promotes	promote	VERB
ajfa-810	29	27	goal	goal	NOUN
ajfa-810	29	28	congruence	congruence	NOUN
ajfa-810	29	29	among	among	ADP
ajfa-810	29	30	principals	principal	NOUN
ajfa-810	29	31	and	and	CCONJ
ajfa-810	29	32	agents	agent	NOUN
ajfa-810	29	33	(	(	PUNCT
ajfa-810	29	34	conyon	conyon	NOUN
ajfa-810	29	35	and	and	CCONJ
ajfa-810	29	36	schwalbach	schwalbach	NOUN
ajfa-810	29	37	,	,	PUNCT
ajfa-810	29	38	2000	2000	NUM
ajfa-810	29	39	)	)	PUNCT
ajfa-810	29	40	.	.	PUNCT
ajfa-810	30	1	cheung	cheung	PROPN
ajfa-810	30	2	and	and	CCONJ
ajfa-810	30	3	chan	chan	PROPN
ajfa-810	30	4	(	(	PUNCT
ajfa-810	30	5	2004	2004	NUM
ajfa-810	30	6	)	)	PUNCT
ajfa-810	30	7	also	also	ADV
ajfa-810	30	8	describe	describe	VERB
ajfa-810	30	9	that	that	SCONJ
ajfa-810	30	10	information	information	NOUN
ajfa-810	30	11	disclosure	disclosure	NOUN
ajfa-810	30	12	is	be	AUX
ajfa-810	30	13	one	one	NUM
ajfa-810	30	14	of	of	ADP
ajfa-810	30	15	the	the	DET
ajfa-810	30	16	tool	tool	NOUN
ajfa-810	30	17	to	to	PART
ajfa-810	30	18	monitor	monitor	VERB
ajfa-810	30	19	the	the	DET
ajfa-810	30	20	management	management	NOUN
ajfa-810	30	21	and	and	CCONJ
ajfa-810	30	22	it	it	PRON
ajfa-810	30	23	can	can	AUX
ajfa-810	30	24	be	be	AUX
ajfa-810	30	25	used	use	VERB
ajfa-810	30	26	as	as	ADP
ajfa-810	30	27	tool	tool	NOUN
ajfa-810	30	28	to	to	PART
ajfa-810	30	29	reduce	reduce	VERB
ajfa-810	30	30	the	the	DET
ajfa-810	30	31	cost	cost	NOUN
ajfa-810	30	32	of	of	ADP
ajfa-810	30	33	capital	capital	NOUN
ajfa-810	30	34	.	.	PUNCT
ajfa-810	31	1	2.1	2.1	NUM
ajfa-810	31	2	agency	agency	NOUN
ajfa-810	31	3	theory	theory	NOUN
ajfa-810	31	4	and	and	CCONJ
ajfa-810	31	5	separate	separate	ADJ
ajfa-810	31	6	leadership	leadership	NOUN
ajfa-810	31	7	structure	structure	NOUN
ajfa-810	31	8	based	base	VERB
ajfa-810	31	9	on	on	ADP
ajfa-810	31	10	this	this	DET
ajfa-810	31	11	theory	theory	NOUN
ajfa-810	31	12	,	,	PUNCT
ajfa-810	31	13	a	a	DET
ajfa-810	31	14	clear	clear	ADJ
ajfa-810	31	15	separation	separation	NOUN
ajfa-810	31	16	of	of	ADP
ajfa-810	31	17	the	the	DET
ajfa-810	31	18	responsibilities	responsibility	NOUN
ajfa-810	31	19	of	of	ADP
ajfa-810	31	20	the	the	DET
ajfa-810	31	21	ceo	ceo	NOUN
ajfa-810	31	22	and	and	CCONJ
ajfa-810	31	23	the	the	DET
ajfa-810	31	24	chairman	chairman	NOUN
ajfa-810	31	25	of	of	ADP
ajfa-810	31	26	the	the	DET
ajfa-810	31	27	board	board	NOUN
ajfa-810	31	28	and	and	CCONJ
ajfa-810	31	29	seems	seem	VERB
ajfa-810	31	30	to	to	PART
ajfa-810	31	31	prefer	prefer	VERB
ajfa-810	31	32	to	to	PART
ajfa-810	31	33	have	have	VERB
ajfa-810	31	34	separate	separate	ADJ
ajfa-810	31	35	leadership	leadership	NOUN
ajfa-810	31	36	structure	structure	NOUN
ajfa-810	31	37	(	(	PUNCT
ajfa-810	31	38	jensen	jensen	PROPN
ajfa-810	31	39	and	and	CCONJ
ajfa-810	31	40	meckling	meckling	NOUN
ajfa-810	31	41	,	,	PUNCT
ajfa-810	31	42	1976	1976	NUM
ajfa-810	31	43	;	;	PUNCT
ajfa-810	31	44	fama	fama	PROPN
ajfa-810	31	45	and	and	CCONJ
ajfa-810	31	46	jensen	jensen	PROPN
ajfa-810	31	47	,	,	PUNCT
ajfa-810	31	48	1983	1983	NUM
ajfa-810	31	49	;	;	PUNCT
ajfa-810	31	50	jensen	jensen	PROPN
ajfa-810	31	51	,	,	PUNCT
ajfa-810	31	52	1993	1993	NUM
ajfa-810	31	53	)	)	PUNCT
ajfa-810	31	54	.	.	PUNCT
ajfa-810	32	1	the	the	DET
ajfa-810	32	2	combined	combined	ADJ
ajfa-810	32	3	leadership	leadership	NOUN
ajfa-810	32	4	structure	structure	NOUN
ajfa-810	32	5	promotes	promote	VERB
ajfa-810	32	6	ceo	ceo	NOUN
ajfa-810	32	7	entrenchment	entrenchment	NOUN
ajfa-810	32	8	by	by	ADP
ajfa-810	32	9	reducing	reduce	VERB
ajfa-810	32	10	board	board	NOUN
ajfa-810	32	11	monitoring	monitoring	NOUN
ajfa-810	32	12	effectiveness	effectiveness	NOUN
ajfa-810	32	13	(	(	PUNCT
ajfa-810	32	14	florackis	floracki	NOUN
ajfa-810	32	15	and	and	CCONJ
ajfa-810	32	16	ozkan	ozkan	ADJ
ajfa-810	32	17	,	,	PUNCT
ajfa-810	32	18	2004	2004	NUM
ajfa-810	32	19	)	)	PUNCT
ajfa-810	32	20	.	.	PUNCT
ajfa-810	33	1	board	board	NOUN
ajfa-810	33	2	independence	independence	NOUN
ajfa-810	33	3	attained	attain	VERB
ajfa-810	33	4	by	by	ADP
ajfa-810	33	5	separate	separate	ADJ
ajfa-810	33	6	leadership	leadership	NOUN
ajfa-810	33	7	is	be	AUX
ajfa-810	33	8	necessary	necessary	ADJ
ajfa-810	33	9	to	to	PART
ajfa-810	33	10	give	give	VERB
ajfa-810	33	11	pressure	pressure	NOUN
ajfa-810	33	12	on	on	ADP
ajfa-810	33	13	the	the	DET
ajfa-810	33	14	management	management	NOUN
ajfa-810	33	15	in	in	ADP
ajfa-810	33	16	disclosing	disclose	VERB
ajfa-810	33	17	the	the	DET
ajfa-810	33	18	more	more	ADJ
ajfa-810	33	19	material	material	ADJ
ajfa-810	33	20	information	information	NOUN
ajfa-810	33	21	about	about	ADP
ajfa-810	33	22	the	the	DET
ajfa-810	33	23	company	company	NOUN
ajfa-810	33	24	,	,	PUNCT
ajfa-810	33	25	which	which	PRON
ajfa-810	33	26	is	be	AUX
ajfa-810	33	27	in	in	ADP
ajfa-810	33	28	line	line	NOUN
ajfa-810	33	29	with	with	ADP
ajfa-810	33	30	the	the	DET
ajfa-810	33	31	interest	interest	NOUN
ajfa-810	33	32	of	of	ADP
ajfa-810	33	33	the	the	DET
ajfa-810	33	34	shareholders	shareholder	NOUN
ajfa-810	33	35	.	.	PUNCT
ajfa-810	34	1	hence	hence	ADV
ajfa-810	34	2	,	,	PUNCT
ajfa-810	34	3	it	it	PRON
ajfa-810	34	4	could	could	AUX
ajfa-810	34	5	be	be	AUX
ajfa-810	34	6	assumed	assume	VERB
ajfa-810	34	7	that	that	SCONJ
ajfa-810	34	8	the	the	DET
ajfa-810	34	9	separate	separate	ADJ
ajfa-810	34	10	leadership	leadership	NOUN
ajfa-810	34	11	structure	structure	NOUN
ajfa-810	34	12	will	will	AUX
ajfa-810	34	13	lead	lead	VERB
ajfa-810	34	14	to	to	ADP
ajfa-810	34	15	better	well	ADV
ajfa-810	34	16	social	social	ADJ
ajfa-810	34	17	and	and	CCONJ
ajfa-810	34	18	environmental	environmental	ADJ
ajfa-810	34	19	disclosure	disclosure	NOUN
ajfa-810	34	20	about	about	ADP
ajfa-810	34	21	the	the	DET
ajfa-810	34	22	companies	company	NOUN
ajfa-810	34	23	.	.	PUNCT
ajfa-810	35	1	the	the	DET
ajfa-810	35	2	findings	finding	NOUN
ajfa-810	35	3	of	of	ADP
ajfa-810	35	4	ho	ho	PROPN
ajfa-810	35	5	and	and	CCONJ
ajfa-810	35	6	wong	wong	PROPN
ajfa-810	35	7	(	(	PUNCT
ajfa-810	35	8	2001	2001	NUM
ajfa-810	35	9	)	)	PUNCT
ajfa-810	35	10	,	,	PUNCT
ajfa-810	35	11	gul	gul	PROPN
ajfa-810	35	12	and	and	CCONJ
ajfa-810	35	13	leung	leung	PROPN
ajfa-810	35	14	(	(	PUNCT
ajfa-810	35	15	2004	2004	NUM
ajfa-810	35	16	)	)	PUNCT
ajfa-810	35	17	,	,	PUNCT
ajfa-810	35	18	lakhal	lakhal	INTJ
ajfa-810	35	19	(	(	PUNCT
ajfa-810	35	20	2005	2005	NUM
ajfa-810	35	21	)	)	PUNCT
ajfa-810	35	22	,	,	PUNCT
ajfa-810	35	23	byard	byard	ADV
ajfa-810	35	24	,	,	PUNCT
ajfa-810	35	25	li	li	PROPN
ajfa-810	35	26	and	and	CCONJ
ajfa-810	35	27	weintrop	weintrop	NOUN
ajfa-810	35	28	(	(	PUNCT
ajfa-810	35	29	2006	2006	NUM
ajfa-810	35	30	)	)	PUNCT
ajfa-810	35	31	and	and	CCONJ
ajfa-810	35	32	huafang	huafang	PROPN
ajfa-810	35	33	and	and	CCONJ
ajfa-810	35	34	jianguo	jianguo	PROPN
ajfa-810	35	35	(	(	PUNCT
ajfa-810	35	36	2007	2007	NUM
ajfa-810	35	37	)	)	PUNCT
ajfa-810	35	38	are	be	AUX
ajfa-810	35	39	in	in	ADP
ajfa-810	35	40	line	line	NOUN
ajfa-810	35	41	with	with	ADP
ajfa-810	35	42	theoretical	theoretical	ADJ
ajfa-810	35	43	expectation	expectation	NOUN
ajfa-810	35	44	.	.	PUNCT
ajfa-810	36	1	this	this	PRON
ajfa-810	36	2	means	mean	VERB
ajfa-810	36	3	that	that	SCONJ
ajfa-810	36	4	there	there	PRON
ajfa-810	36	5	is	be	VERB
ajfa-810	36	6	a	a	DET
ajfa-810	36	7	positive	positive	ADJ
ajfa-810	36	8	relationship	relationship	NOUN
ajfa-810	36	9	between	between	ADP
ajfa-810	36	10	separate	separate	ADJ
ajfa-810	36	11	leadership	leadership	NOUN
ajfa-810	36	12	structure	structure	NOUN
ajfa-810	36	13	and	and	CCONJ
ajfa-810	36	14	disclosure	disclosure	NOUN
ajfa-810	36	15	.	.	PUNCT
ajfa-810	37	1	however	however	ADV
ajfa-810	37	2	,	,	PUNCT
ajfa-810	37	3	norita	norita	PROPN
ajfa-810	37	4	and	and	CCONJ
ajfa-810	37	5	shamsul	shamsul	PROPN
ajfa-810	37	6	nahar	nahar	PROPN
ajfa-810	37	7	(	(	PUNCT
ajfa-810	37	8	2004	2004	NUM
ajfa-810	37	9	)	)	PUNCT
ajfa-810	37	10	find	find	VERB
ajfa-810	37	11	that	that	SCONJ
ajfa-810	37	12	separate	separate	ADJ
ajfa-810	37	13	leadership	leadership	NOUN
ajfa-810	37	14	structure	structure	NOUN
ajfa-810	37	15	is	be	AUX
ajfa-810	37	16	not	not	PART
ajfa-810	37	17	associated	associate	VERB
ajfa-810	37	18	with	with	ADP
ajfa-810	37	19	voluntary	voluntary	ADJ
ajfa-810	37	20	disclosure	disclosure	NOUN
ajfa-810	37	21	.	.	PUNCT
ajfa-810	38	1	2.2	2.2	NUM
ajfa-810	38	2	agency	agency	NOUN
ajfa-810	38	3	theory	theory	NOUN
ajfa-810	38	4	and	and	CCONJ
ajfa-810	38	5	board	board	NOUN
ajfa-810	38	6	composition	composition	NOUN
ajfa-810	38	7	board	board	NOUN
ajfa-810	38	8	composition	composition	NOUN
ajfa-810	38	9	is	be	AUX
ajfa-810	38	10	very	very	ADV
ajfa-810	38	11	important	important	ADJ
ajfa-810	38	12	to	to	PART
ajfa-810	38	13	monitor	monitor	VERB
ajfa-810	38	14	the	the	DET
ajfa-810	38	15	managers	manager	NOUN
ajfa-810	38	16	effectively	effectively	ADV
ajfa-810	38	17	and	and	CCONJ
ajfa-810	38	18	reduce	reduce	VERB
ajfa-810	38	19	the	the	DET
ajfa-810	38	20	agency	agency	NOUN
ajfa-810	38	21	cost	cost	NOUN
ajfa-810	38	22	(	(	PUNCT
ajfa-810	38	23	choe	choe	PROPN
ajfa-810	38	24	and	and	CCONJ
ajfa-810	38	25	lee	lee	PROPN
ajfa-810	38	26	,	,	PUNCT
ajfa-810	38	27	2003	2003	NUM
ajfa-810	38	28	)	)	PUNCT
ajfa-810	38	29	.	.	PUNCT
ajfa-810	39	1	although	although	SCONJ
ajfa-810	39	2	the	the	DET
ajfa-810	39	3	executive	executive	ADJ
ajfa-810	39	4	directors	director	NOUN
ajfa-810	39	5	have	have	VERB
ajfa-810	39	6	specialized	specialized	ADJ
ajfa-810	39	7	skills	skill	NOUN
ajfa-810	39	8	,	,	PUNCT
ajfa-810	39	9	expertise	expertise	NOUN
ajfa-810	39	10	and	and	CCONJ
ajfa-810	39	11	valuable	valuable	ADJ
ajfa-810	39	12	knowledge	knowledge	NOUN
ajfa-810	39	13	of	of	ADP
ajfa-810	39	14	the	the	DET
ajfa-810	39	15	firms	firm	NOUN
ajfa-810	39	16	’	'	PUNCT
ajfa-810	39	17	operating	operating	NOUN
ajfa-810	39	18	policies	policy	NOUN
ajfa-810	39	19	and	and	CCONJ
ajfa-810	39	20	day	day	NOUN
ajfa-810	39	21	-	-	PUNCT
ajfa-810	39	22	to	to	ADP
ajfa-810	39	23	-	-	PUNCT
ajfa-810	39	24	day	day	NOUN
ajfa-810	39	25	activities	activity	NOUN
ajfa-810	39	26	,	,	PUNCT
ajfa-810	39	27	there	there	PRON
ajfa-810	39	28	is	be	VERB
ajfa-810	39	29	a	a	DET
ajfa-810	39	30	need	need	NOUN
ajfa-810	39	31	for	for	SCONJ
ajfa-810	39	32	the	the	DET
ajfa-810	39	33	independent	independent	ADJ
ajfa-810	39	34	directors	director	NOUN
ajfa-810	39	35	to	to	PART
ajfa-810	39	36	contribute	contribute	VERB
ajfa-810	39	37	the	the	DET
ajfa-810	39	38	fresh	fresh	ADJ
ajfa-810	39	39	ideas	idea	NOUN
ajfa-810	39	40	,	,	PUNCT
ajfa-810	39	41	independence	independence	NOUN
ajfa-810	39	42	,	,	PUNCT
ajfa-810	39	43	objectivity	objectivity	NOUN
ajfa-810	39	44	and	and	CCONJ
ajfa-810	39	45	expertise	expertise	NOUN
ajfa-810	39	46	gained	gain	VERB
ajfa-810	39	47	from	from	ADP
ajfa-810	39	48	their	their	PRON
ajfa-810	39	49	own	own	ADJ
ajfa-810	39	50	fields	field	NOUN
ajfa-810	39	51	(	(	PUNCT
ajfa-810	39	52	cho	cho	NOUN
ajfa-810	39	53	and	and	CCONJ
ajfa-810	39	54	kim	kim	PROPN
ajfa-810	39	55	,	,	PUNCT
ajfa-810	39	56	2003	2003	NUM
ajfa-810	39	57	)	)	PUNCT
ajfa-810	39	58	.	.	PUNCT
ajfa-810	40	1	hence	hence	ADV
ajfa-810	40	2	,	,	PUNCT
ajfa-810	40	3	the	the	DET
ajfa-810	40	4	agency	agency	NOUN
ajfa-810	40	5	theory	theory	NOUN
ajfa-810	40	6	recommends	recommend	VERB
ajfa-810	40	7	the	the	DET
ajfa-810	40	8	involvement	involvement	NOUN
ajfa-810	40	9	of	of	ADP
ajfa-810	40	10	independent	independent	ADJ
ajfa-810	40	11	non	non	ADJ
ajfa-810	40	12	-	-	ADJ
ajfa-810	40	13	executive	executive	ADJ
ajfa-810	40	14	directors	director	NOUN
ajfa-810	40	15	to	to	PART
ajfa-810	40	16	monitor	monitor	VERB
ajfa-810	40	17	any	any	DET
ajfa-810	40	18	self	self	NOUN
ajfa-810	40	19	-	-	PUNCT
ajfa-810	40	20	interested	interest	VERB
ajfa-810	40	21	actions	action	NOUN
ajfa-810	40	22	by	by	ADP
ajfa-810	40	23	managers	manager	NOUN
ajfa-810	40	24	and	and	CCONJ
ajfa-810	40	25	to	to	PART
ajfa-810	40	26	minimize	minimize	VERB
ajfa-810	40	27	agency	agency	NOUN
ajfa-810	40	28	costs	cost	NOUN
ajfa-810	40	29	(	(	PUNCT
ajfa-810	40	30	florackis	floracki	NOUN
ajfa-810	40	31	and	and	CCONJ
ajfa-810	40	32	ozkan	ozkan	ADJ
ajfa-810	40	33	,	,	PUNCT
ajfa-810	40	34	2004	2004	NUM
ajfa-810	40	35	;	;	PUNCT
ajfa-810	40	36	williams	williams	PROPN
ajfa-810	40	37	et	et	PROPN
ajfa-810	40	38	al	al	PROPN
ajfa-810	40	39	.	.	PROPN
ajfa-810	40	40	,	,	PUNCT
ajfa-810	40	41	2006	2006	NUM
ajfa-810	40	42	)	)	PUNCT
ajfa-810	40	43	.	.	PUNCT
ajfa-810	41	1	in	in	ADP
ajfa-810	41	2	addition	addition	NOUN
ajfa-810	41	3	,	,	PUNCT
ajfa-810	41	4	it	it	PRON
ajfa-810	41	5	can	can	AUX
ajfa-810	41	6	be	be	AUX
ajfa-810	41	7	derived	derive	VERB
ajfa-810	41	8	from	from	ADP
ajfa-810	41	9	the	the	DET
ajfa-810	41	10	agency	agency	NOUN
ajfa-810	41	11	theory	theory	NOUN
ajfa-810	41	12	that	that	SCONJ
ajfa-810	41	13	higher	high	ADJ
ajfa-810	41	14	proportion	proportion	NOUN
ajfa-810	41	15	of	of	ADP
ajfa-810	41	16	the	the	DET
ajfa-810	41	17	independent	independent	ADJ
ajfa-810	41	18	non	non	ADJ
ajfa-810	41	19	-	-	ADJ
ajfa-810	41	20	executive	executive	ADJ
ajfa-810	41	21	directors	director	NOUN
ajfa-810	41	22	on	on	ADP
ajfa-810	41	23	the	the	DET
ajfa-810	41	24	board	board	NOUN
ajfa-810	41	25	will	will	AUX
ajfa-810	41	26	be	be	AUX
ajfa-810	41	27	result	result	NOUN
ajfa-810	41	28	in	in	ADP
ajfa-810	41	29	higher	high	ADJ
ajfa-810	41	30	disclosure	disclosure	NOUN
ajfa-810	41	31	of	of	ADP
ajfa-810	41	32	the	the	DET
ajfa-810	41	33	material	material	NOUN
ajfa-810	41	34	aspects	aspect	NOUN
ajfa-810	41	35	of	of	ADP
ajfa-810	41	36	the	the	DET
ajfa-810	41	37	company	company	NOUN
ajfa-810	41	38	in	in	ADP
ajfa-810	41	39	order	order	NOUN
ajfa-810	41	40	to	to	PART
ajfa-810	41	41	increase	increase	VERB
ajfa-810	41	42	the	the	DET
ajfa-810	41	43	transparency	transparency	NOUN
ajfa-810	41	44	since	since	SCONJ
ajfa-810	41	45	independent	independent	ADJ
ajfa-810	41	46	boards	board	NOUN
ajfa-810	41	47	will	will	AUX
ajfa-810	41	48	be	be	AUX
ajfa-810	41	49	able	able	ADJ
ajfa-810	41	50	to	to	PART
ajfa-810	41	51	encourage	encourage	VERB
ajfa-810	41	52	the	the	DET
ajfa-810	41	53	management	management	NOUN
ajfa-810	41	54	to	to	PART
ajfa-810	41	55	disclose	disclose	VERB
ajfa-810	41	56	more	more	ADJ
ajfa-810	41	57	information	information	NOUN
ajfa-810	41	58	.	.	PUNCT
ajfa-810	42	1	the	the	DET
ajfa-810	42	2	findings	finding	NOUN
ajfa-810	42	3	of	of	ADP
ajfa-810	42	4	chen	chen	PROPN
ajfa-810	42	5	and	and	CCONJ
ajfa-810	42	6	jaggi	jaggi	PROPN
ajfa-810	42	7	(	(	PUNCT
ajfa-810	42	8	2000	2000	NUM
ajfa-810	42	9	)	)	PUNCT
ajfa-810	42	10	,	,	PUNCT
ajfa-810	42	11	gul	gul	PROPN
ajfa-810	42	12	and	and	CCONJ
ajfa-810	42	13	leung	leung	PROPN
ajfa-810	42	14	(	(	PUNCT
ajfa-810	42	15	2004	2004	NUM
ajfa-810	42	16	)	)	PUNCT
ajfa-810	42	17	,	,	PUNCT
ajfa-810	42	18	byard	byard	ADV
ajfa-810	42	19	et	et	PROPN
ajfa-810	42	20	al	al	PROPN
ajfa-810	42	21	.	.	PROPN
ajfa-810	42	22	(	(	PUNCT
ajfa-810	42	23	2006	2006	NUM
ajfa-810	42	24	)	)	PUNCT
ajfa-810	42	25	,	,	PUNCT
ajfa-810	42	26	and	and	CCONJ
ajfa-810	42	27	cheng	cheng	PROPN
ajfa-810	42	28	and	and	CCONJ
ajfa-810	42	29	courtenay	courtenay	PROPN
ajfa-810	42	30	(	(	PUNCT
ajfa-810	42	31	2006	2006	NUM
ajfa-810	42	32	)	)	PUNCT
ajfa-810	42	33	and	and	CCONJ
ajfa-810	42	34	norita	norita	PROPN
ajfa-810	42	35	and	and	CCONJ
ajfa-810	42	36	shamsul	shamsul	PROPN
ajfa-810	42	37	nahar	nahar	PROPN
ajfa-810	42	38	(	(	PUNCT
ajfa-810	42	39	2004	2004	NUM
ajfa-810	42	40	.	.	PUNCT
ajfa-810	42	41	)	)	PUNCT
ajfa-810	42	42	are	be	AUX
ajfa-810	42	43	in	in	ADP
ajfa-810	42	44	line	line	NOUN
ajfa-810	42	45	with	with	ADP
ajfa-810	42	46	theoretical	theoretical	ADJ
ajfa-810	42	47	expectation	expectation	NOUN
ajfa-810	42	48	.	.	PUNCT
ajfa-810	43	1	asian	asian	ADJ
ajfa-810	43	2	journal	journal	PROPN
ajfa-810	43	3	of	of	ADP
ajfa-810	43	4	finance	finance	PROPN
ajfa-810	43	5	&	&	CCONJ
ajfa-810	43	6	accounting	accounting	PROPN
ajfa-810	43	7	issn	issn	PROPN
ajfa-810	43	8	1946	1946	NUM
ajfa-810	43	9	-	-	PUNCT
ajfa-810	43	10	052x	052x	NOUN
ajfa-810	43	11	2012	2012	NUM
ajfa-810	43	12	,	,	PUNCT
ajfa-810	43	13	vol	vol	NOUN
ajfa-810	43	14	.	.	PROPN
ajfa-810	43	15	4	4	NUM
ajfa-810	43	16	,	,	PUNCT
ajfa-810	43	17	no	no	INTJ
ajfa-810	43	18	.	.	NOUN
ajfa-810	43	19	1	1	NUM
ajfa-810	43	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-810	43	21	5	5	NUM
ajfa-810	43	22	2.3	2.3	NUM
ajfa-810	43	23	agency	agency	NOUN
ajfa-810	43	24	theory	theory	NOUN
ajfa-810	43	25	and	and	CCONJ
ajfa-810	43	26	board	board	NOUN
ajfa-810	43	27	size	size	NOUN
ajfa-810	43	28	boards	board	NOUN
ajfa-810	43	29	with	with	ADP
ajfa-810	43	30	more	more	ADJ
ajfa-810	43	31	than	than	ADP
ajfa-810	43	32	seven	seven	NUM
ajfa-810	43	33	or	or	CCONJ
ajfa-810	43	34	eight	eight	NUM
ajfa-810	43	35	members	member	NOUN
ajfa-810	43	36	are	be	AUX
ajfa-810	43	37	unlikely	unlikely	ADJ
ajfa-810	43	38	to	to	PART
ajfa-810	43	39	be	be	AUX
ajfa-810	43	40	effective	effective	ADJ
ajfa-810	43	41	(	(	PUNCT
ajfa-810	43	42	jensen	jensen	NOUN
ajfa-810	43	43	and	and	CCONJ
ajfa-810	43	44	ruback	ruback	NOUN
ajfa-810	43	45	,	,	PUNCT
ajfa-810	43	46	1983	1983	NUM
ajfa-810	43	47	;	;	PUNCT
ajfa-810	43	48	florackis	floracki	NOUN
ajfa-810	43	49	and	and	CCONJ
ajfa-810	43	50	ozkan	ozkan	ADJ
ajfa-810	43	51	,	,	PUNCT
ajfa-810	43	52	2004	2004	NUM
ajfa-810	43	53	)	)	PUNCT
ajfa-810	43	54	.	.	PUNCT
ajfa-810	44	1	they	they	PRON
ajfa-810	44	2	further	far	ADV
ajfa-810	44	3	elaborate	elaborate	VERB
ajfa-810	44	4	that	that	SCONJ
ajfa-810	44	5	larger	large	ADJ
ajfa-810	44	6	boards	board	NOUN
ajfa-810	44	7	result	result	VERB
ajfa-810	44	8	in	in	ADP
ajfa-810	44	9	less	less	ADV
ajfa-810	44	10	effective	effective	ADJ
ajfa-810	44	11	coordination	coordination	NOUN
ajfa-810	44	12	,	,	PUNCT
ajfa-810	44	13	communication	communication	NOUN
ajfa-810	44	14	,	,	PUNCT
ajfa-810	44	15	and	and	CCONJ
ajfa-810	44	16	decision	decision	NOUN
ajfa-810	44	17	-	-	PUNCT
ajfa-810	44	18	making	making	NOUN
ajfa-810	44	19	,	,	PUNCT
ajfa-810	44	20	and	and	CCONJ
ajfa-810	44	21	are	be	AUX
ajfa-810	44	22	more	more	ADV
ajfa-810	44	23	likely	likely	ADV
ajfa-810	44	24	controlled	control	VERB
ajfa-810	44	25	by	by	ADP
ajfa-810	44	26	the	the	DET
ajfa-810	44	27	ceo	ceo	NOUN
ajfa-810	44	28	.	.	PUNCT
ajfa-810	45	1	yoshikawa	yoshikawa	PROPN
ajfa-810	45	2	and	and	CCONJ
ajfa-810	45	3	phan	phan	PROPN
ajfa-810	45	4	(	(	PUNCT
ajfa-810	45	5	2003	2003	NUM
ajfa-810	45	6	)	)	PUNCT
ajfa-810	45	7	also	also	ADV
ajfa-810	45	8	highlight	highlight	VERB
ajfa-810	45	9	that	that	SCONJ
ajfa-810	45	10	larger	large	ADJ
ajfa-810	45	11	boards	board	NOUN
ajfa-810	45	12	tend	tend	VERB
ajfa-810	45	13	to	to	PART
ajfa-810	45	14	be	be	AUX
ajfa-810	45	15	less	less	ADV
ajfa-810	45	16	cohesive	cohesive	ADJ
ajfa-810	45	17	and	and	CCONJ
ajfa-810	45	18	more	more	ADV
ajfa-810	45	19	difficult	difficult	ADJ
ajfa-810	45	20	to	to	PART
ajfa-810	45	21	coordinate	coordinate	VERB
ajfa-810	45	22	because	because	SCONJ
ajfa-810	45	23	there	there	PRON
ajfa-810	45	24	might	might	AUX
ajfa-810	45	25	be	be	AUX
ajfa-810	45	26	a	a	DET
ajfa-810	45	27	large	large	ADJ
ajfa-810	45	28	number	number	NOUN
ajfa-810	45	29	of	of	ADP
ajfa-810	45	30	potential	potential	ADJ
ajfa-810	45	31	interactions	interaction	NOUN
ajfa-810	45	32	and	and	CCONJ
ajfa-810	45	33	conflicts	conflict	NOUN
ajfa-810	45	34	among	among	ADP
ajfa-810	45	35	the	the	DET
ajfa-810	45	36	group	group	NOUN
ajfa-810	45	37	members	member	NOUN
ajfa-810	45	38	and	and	CCONJ
ajfa-810	45	39	sometimes	sometimes	ADV
ajfa-810	45	40	,	,	PUNCT
ajfa-810	45	41	larger	large	ADJ
ajfa-810	45	42	boards	board	NOUN
ajfa-810	45	43	are	be	AUX
ajfa-810	45	44	purposely	purposely	ADV
ajfa-810	45	45	created	create	VERB
ajfa-810	45	46	by	by	ADP
ajfa-810	45	47	ceos	ceo	NOUN
ajfa-810	45	48	to	to	PART
ajfa-810	45	49	disperse	disperse	VERB
ajfa-810	45	50	the	the	DET
ajfa-810	45	51	power	power	NOUN
ajfa-810	45	52	in	in	ADP
ajfa-810	45	53	the	the	DET
ajfa-810	45	54	boardroom	boardroom	NOUN
ajfa-810	45	55	and	and	CCONJ
ajfa-810	45	56	reduce	reduce	VERB
ajfa-810	45	57	the	the	DET
ajfa-810	45	58	potential	potential	NOUN
ajfa-810	45	59	for	for	ADP
ajfa-810	45	60	coordinated	coordinated	ADJ
ajfa-810	45	61	action	action	NOUN
ajfa-810	45	62	by	by	ADP
ajfa-810	45	63	directors	director	NOUN
ajfa-810	45	64	,	,	PUNCT
ajfa-810	45	65	leaving	leave	VERB
ajfa-810	45	66	the	the	DET
ajfa-810	45	67	ceo	ceo	NOUN
ajfa-810	45	68	as	as	ADP
ajfa-810	45	69	the	the	DET
ajfa-810	45	70	predominant	predominant	ADJ
ajfa-810	45	71	figure	figure	NOUN
ajfa-810	45	72	.	.	PUNCT
ajfa-810	46	1	in	in	ADP
ajfa-810	46	2	sum	sum	NOUN
ajfa-810	46	3	,	,	PUNCT
ajfa-810	46	4	smaller	small	ADJ
ajfa-810	46	5	boards	board	NOUN
ajfa-810	46	6	seem	seem	VERB
ajfa-810	46	7	to	to	PART
ajfa-810	46	8	be	be	AUX
ajfa-810	46	9	more	more	ADV
ajfa-810	46	10	conducive	conducive	ADJ
ajfa-810	46	11	to	to	ADP
ajfa-810	46	12	board	board	NOUN
ajfa-810	46	13	member	member	NOUN
ajfa-810	46	14	participation	participation	NOUN
ajfa-810	46	15	and	and	CCONJ
ajfa-810	46	16	thus	thus	ADV
ajfa-810	46	17	would	would	AUX
ajfa-810	46	18	result	result	VERB
ajfa-810	46	19	in	in	ADP
ajfa-810	46	20	a	a	DET
ajfa-810	46	21	positive	positive	ADJ
ajfa-810	46	22	impact	impact	NOUN
ajfa-810	46	23	on	on	ADP
ajfa-810	46	24	the	the	DET
ajfa-810	46	25	monitoring	monitoring	NOUN
ajfa-810	46	26	function	function	NOUN
ajfa-810	46	27	and	and	CCONJ
ajfa-810	46	28	the	the	DET
ajfa-810	46	29	decision	decision	NOUN
ajfa-810	46	30	-	-	PUNCT
ajfa-810	46	31	making	make	VERB
ajfa-810	46	32	capability	capability	NOUN
ajfa-810	46	33	of	of	ADP
ajfa-810	46	34	the	the	DET
ajfa-810	46	35	board	board	NOUN
ajfa-810	46	36	,	,	PUNCT
ajfa-810	46	37	and	and	CCONJ
ajfa-810	46	38	independence	independence	NOUN
ajfa-810	46	39	from	from	ADP
ajfa-810	46	40	the	the	DET
ajfa-810	46	41	management	management	NOUN
ajfa-810	46	42	(	(	PUNCT
ajfa-810	46	43	huther	huther	NOUN
ajfa-810	46	44	,	,	PUNCT
ajfa-810	46	45	1997	1997	NUM
ajfa-810	46	46	)	)	PUNCT
ajfa-810	46	47	.	.	PUNCT
ajfa-810	47	1	it	it	PRON
ajfa-810	47	2	is	be	AUX
ajfa-810	47	3	expected	expect	VERB
ajfa-810	47	4	that	that	SCONJ
ajfa-810	47	5	smaller	small	ADJ
ajfa-810	47	6	board	board	NOUN
ajfa-810	47	7	size	size	NOUN
ajfa-810	47	8	should	should	AUX
ajfa-810	47	9	be	be	AUX
ajfa-810	47	10	able	able	ADJ
ajfa-810	47	11	to	to	PART
ajfa-810	47	12	monitor	monitor	VERB
ajfa-810	47	13	the	the	DET
ajfa-810	47	14	decision	decision	NOUN
ajfa-810	47	15	of	of	ADP
ajfa-810	47	16	the	the	DET
ajfa-810	47	17	management	management	NOUN
ajfa-810	47	18	related	relate	VERB
ajfa-810	47	19	to	to	ADP
ajfa-810	47	20	the	the	DET
ajfa-810	47	21	information	information	NOUN
ajfa-810	47	22	disclosure	disclosure	NOUN
ajfa-810	47	23	.	.	PUNCT
ajfa-810	48	1	this	this	DET
ajfa-810	48	2	expectation	expectation	NOUN
ajfa-810	48	3	is	be	AUX
ajfa-810	48	4	supported	support	VERB
ajfa-810	48	5	by	by	ADP
ajfa-810	48	6	the	the	DET
ajfa-810	48	7	findings	finding	NOUN
ajfa-810	48	8	of	of	ADP
ajfa-810	48	9	byard	byard	PROPN
ajfa-810	48	10	et	et	PROPN
ajfa-810	48	11	al	al	PROPN
ajfa-810	48	12	.	.	PROPN
ajfa-810	49	1	(	(	PUNCT
ajfa-810	49	2	2006	2006	NUM
ajfa-810	49	3	)	)	PUNCT
ajfa-810	49	4	.	.	PUNCT
ajfa-810	50	1	they	they	PRON
ajfa-810	50	2	study	study	VERB
ajfa-810	50	3	1279	1279	NUM
ajfa-810	50	4	firms	firm	NOUN
ajfa-810	50	5	over	over	ADP
ajfa-810	50	6	the	the	DET
ajfa-810	50	7	years	year	NOUN
ajfa-810	50	8	2000	2000	NUM
ajfa-810	50	9	to	to	ADP
ajfa-810	50	10	2002	2002	NUM
ajfa-810	50	11	and	and	CCONJ
ajfa-810	50	12	find	find	VERB
ajfa-810	50	13	that	that	SCONJ
ajfa-810	50	14	financial	financial	ADJ
ajfa-810	50	15	disclosure	disclosure	NOUN
ajfa-810	50	16	related	relate	VERB
ajfa-810	50	17	to	to	PART
ajfa-810	50	18	forecast	forecast	VERB
ajfa-810	50	19	information	information	NOUN
ajfa-810	50	20	decreases	decrease	NOUN
ajfa-810	50	21	with	with	ADP
ajfa-810	50	22	board	board	NOUN
ajfa-810	50	23	size	size	NOUN
ajfa-810	50	24	.	.	PUNCT
ajfa-810	51	1	however	however	ADV
ajfa-810	51	2	,	,	PUNCT
ajfa-810	51	3	the	the	DET
ajfa-810	51	4	findings	finding	NOUN
ajfa-810	51	5	of	of	ADP
ajfa-810	51	6	lakhal	lakhal	NOUN
ajfa-810	51	7	(	(	PUNCT
ajfa-810	51	8	2005	2005	NUM
ajfa-810	51	9	)	)	PUNCT
ajfa-810	51	10	show	show	VERB
ajfa-810	51	11	that	that	SCONJ
ajfa-810	51	12	there	there	PRON
ajfa-810	51	13	is	be	VERB
ajfa-810	51	14	an	an	DET
ajfa-810	51	15	insignificant	insignificant	ADJ
ajfa-810	51	16	and	and	CCONJ
ajfa-810	51	17	weak	weak	ADJ
ajfa-810	51	18	association	association	NOUN
ajfa-810	51	19	between	between	ADP
ajfa-810	51	20	board	board	NOUN
ajfa-810	51	21	size	size	NOUN
ajfa-810	51	22	and	and	CCONJ
ajfa-810	51	23	disclosure	disclosure	NOUN
ajfa-810	51	24	.	.	PUNCT
ajfa-810	52	1	2.4	2.4	NUM
ajfa-810	52	2	agency	agency	NOUN
ajfa-810	52	3	theory	theory	NOUN
ajfa-810	52	4	and	and	CCONJ
ajfa-810	52	5	ownership	ownership	NOUN
ajfa-810	52	6	in	in	ADP
ajfa-810	52	7	this	this	DET
ajfa-810	52	8	study	study	NOUN
ajfa-810	52	9	,	,	PUNCT
ajfa-810	52	10	ownership	ownership	NOUN
ajfa-810	52	11	is	be	AUX
ajfa-810	52	12	looked	look	VERB
ajfa-810	52	13	at	at	ADP
ajfa-810	52	14	from	from	ADP
ajfa-810	52	15	three	three	NUM
ajfa-810	52	16	different	different	ADJ
ajfa-810	52	17	perspectives	perspective	NOUN
ajfa-810	52	18	;	;	PUNCT
ajfa-810	52	19	(	(	PUNCT
ajfa-810	52	20	a	a	X
ajfa-810	52	21	)	)	PUNCT
ajfa-810	52	22	director	director	NOUN
ajfa-810	52	23	ownership	ownership	NOUN
ajfa-810	52	24	,	,	PUNCT
ajfa-810	52	25	(	(	PUNCT
ajfa-810	52	26	b	b	NOUN
ajfa-810	52	27	)	)	PUNCT
ajfa-810	52	28	block	block	NOUN
ajfa-810	52	29	ownership	ownership	NOUN
ajfa-810	52	30	,	,	PUNCT
ajfa-810	52	31	and	and	CCONJ
ajfa-810	52	32	(	(	PUNCT
ajfa-810	52	33	c	c	NOUN
ajfa-810	52	34	)	)	PUNCT
ajfa-810	52	35	institutional	institutional	ADJ
ajfa-810	52	36	ownership	ownership	NOUN
ajfa-810	52	37	.	.	PUNCT
ajfa-810	53	1	if	if	SCONJ
ajfa-810	53	2	directors	director	NOUN
ajfa-810	53	3	own	own	VERB
ajfa-810	53	4	shares	share	NOUN
ajfa-810	53	5	,	,	PUNCT
ajfa-810	53	6	the	the	DET
ajfa-810	53	7	directors	director	NOUN
ajfa-810	53	8	as	as	ADP
ajfa-810	53	9	the	the	DET
ajfa-810	53	10	owners	owner	NOUN
ajfa-810	53	11	themselves	themselves	PRON
ajfa-810	53	12	are	be	AUX
ajfa-810	53	13	directly	directly	ADV
ajfa-810	53	14	instructing	instruct	VERB
ajfa-810	53	15	and	and	CCONJ
ajfa-810	53	16	monitoring	monitor	VERB
ajfa-810	53	17	the	the	DET
ajfa-810	53	18	management	management	NOUN
ajfa-810	53	19	of	of	ADP
ajfa-810	53	20	the	the	DET
ajfa-810	53	21	companies	company	NOUN
ajfa-810	53	22	(	(	PUNCT
ajfa-810	53	23	jensen	jensen	PROPN
ajfa-810	53	24	and	and	CCONJ
ajfa-810	53	25	meckling	meckling	NOUN
ajfa-810	53	26	,	,	PUNCT
ajfa-810	53	27	1976	1976	NUM
ajfa-810	53	28	)	)	PUNCT
ajfa-810	53	29	.	.	PUNCT
ajfa-810	54	1	hence	hence	ADV
ajfa-810	54	2	,	,	PUNCT
ajfa-810	54	3	there	there	PRON
ajfa-810	54	4	are	be	VERB
ajfa-810	54	5	likely	likely	ADJ
ajfa-810	54	6	to	to	PART
ajfa-810	54	7	be	be	AUX
ajfa-810	54	8	fewer	few	ADJ
ajfa-810	54	9	agency	agency	NOUN
ajfa-810	54	10	problems	problem	NOUN
ajfa-810	54	11	as	as	SCONJ
ajfa-810	54	12	compared	compare	VERB
ajfa-810	54	13	to	to	ADP
ajfa-810	54	14	the	the	DET
ajfa-810	54	15	situation	situation	NOUN
ajfa-810	54	16	where	where	SCONJ
ajfa-810	54	17	the	the	DET
ajfa-810	54	18	directors	director	NOUN
ajfa-810	54	19	,	,	PUNCT
ajfa-810	54	20	who	who	PRON
ajfa-810	54	21	are	be	AUX
ajfa-810	54	22	not	not	PART
ajfa-810	54	23	the	the	DET
ajfa-810	54	24	owners	owner	NOUN
ajfa-810	54	25	,	,	PUNCT
ajfa-810	54	26	supervise	supervise	VERB
ajfa-810	54	27	the	the	DET
ajfa-810	54	28	management	management	NOUN
ajfa-810	54	29	of	of	ADP
ajfa-810	54	30	the	the	DET
ajfa-810	54	31	company	company	NOUN
ajfa-810	54	32	.	.	PUNCT
ajfa-810	55	1	it	it	PRON
ajfa-810	55	2	is	be	AUX
ajfa-810	55	3	also	also	ADV
ajfa-810	55	4	supported	support	VERB
ajfa-810	55	5	by	by	ADP
ajfa-810	55	6	seifert	seifert	PROPN
ajfa-810	55	7	et	et	PROPN
ajfa-810	55	8	al	al	PROPN
ajfa-810	55	9	.	.	PROPN
ajfa-810	56	1	(	(	PUNCT
ajfa-810	56	2	2005	2005	NUM
ajfa-810	56	3	)	)	PUNCT
ajfa-810	56	4	who	who	PRON
ajfa-810	56	5	discuss	discuss	VERB
ajfa-810	56	6	agency	agency	NOUN
ajfa-810	56	7	conflicts	conflict	NOUN
ajfa-810	56	8	.	.	PUNCT
ajfa-810	57	1	however	however	ADV
ajfa-810	57	2	,	,	PUNCT
ajfa-810	57	3	in	in	ADP
ajfa-810	57	4	the	the	DET
ajfa-810	57	5	case	case	NOUN
ajfa-810	57	6	of	of	ADP
ajfa-810	57	7	information	information	NOUN
ajfa-810	57	8	disclosure	disclosure	NOUN
ajfa-810	57	9	,	,	PUNCT
ajfa-810	57	10	the	the	DET
ajfa-810	57	11	effect	effect	NOUN
ajfa-810	57	12	of	of	ADP
ajfa-810	57	13	director	director	NOUN
ajfa-810	57	14	ownership	ownership	NOUN
ajfa-810	57	15	on	on	ADP
ajfa-810	57	16	disclosure	disclosure	NOUN
ajfa-810	57	17	might	might	AUX
ajfa-810	57	18	be	be	AUX
ajfa-810	57	19	different	different	ADJ
ajfa-810	57	20	from	from	ADP
ajfa-810	57	21	that	that	PRON
ajfa-810	57	22	of	of	ADP
ajfa-810	57	23	the	the	DET
ajfa-810	57	24	block	block	NOUN
ajfa-810	57	25	holders	holder	NOUN
ajfa-810	57	26	and	and	CCONJ
ajfa-810	57	27	institutional	institutional	ADJ
ajfa-810	57	28	investors	investor	NOUN
ajfa-810	57	29	.	.	PUNCT
ajfa-810	58	1	directors	director	NOUN
ajfa-810	58	2	who	who	PRON
ajfa-810	58	3	have	have	VERB
ajfa-810	58	4	substantial	substantial	ADJ
ajfa-810	58	5	amount	amount	NOUN
ajfa-810	58	6	of	of	ADP
ajfa-810	58	7	share	share	NOUN
ajfa-810	58	8	ownership	ownership	NOUN
ajfa-810	58	9	might	might	AUX
ajfa-810	58	10	not	not	PART
ajfa-810	58	11	want	want	VERB
ajfa-810	58	12	to	to	PART
ajfa-810	58	13	disclose	disclose	VERB
ajfa-810	58	14	the	the	DET
ajfa-810	58	15	information	information	NOUN
ajfa-810	58	16	to	to	ADP
ajfa-810	58	17	the	the	DET
ajfa-810	58	18	outsiders	outsider	NOUN
ajfa-810	58	19	because	because	SCONJ
ajfa-810	58	20	they	they	PRON
ajfa-810	58	21	can	can	AUX
ajfa-810	58	22	use	use	VERB
ajfa-810	58	23	their	their	PRON
ajfa-810	58	24	discretionary	discretionary	ADJ
ajfa-810	58	25	powers	power	NOUN
ajfa-810	58	26	to	to	PART
ajfa-810	58	27	spend	spend	VERB
ajfa-810	58	28	firm	firm	ADJ
ajfa-810	58	29	resources	resource	NOUN
ajfa-810	58	30	in	in	ADP
ajfa-810	58	31	ways	way	NOUN
ajfa-810	58	32	that	that	PRON
ajfa-810	58	33	serve	serve	VERB
ajfa-810	58	34	their	their	PRON
ajfa-810	58	35	own	own	ADJ
ajfa-810	58	36	interest	interest	NOUN
ajfa-810	58	37	at	at	ADP
ajfa-810	58	38	the	the	DET
ajfa-810	58	39	expense	expense	NOUN
ajfa-810	58	40	of	of	ADP
ajfa-810	58	41	other	other	ADJ
ajfa-810	58	42	shareholders	shareholder	NOUN
ajfa-810	58	43	and	and	CCONJ
ajfa-810	58	44	then	then	ADV
ajfa-810	58	45	they	they	PRON
ajfa-810	58	46	might	might	AUX
ajfa-810	58	47	want	want	VERB
ajfa-810	58	48	to	to	PART
ajfa-810	58	49	conceal	conceal	VERB
ajfa-810	58	50	fraud	fraud	NOUN
ajfa-810	58	51	and	and	CCONJ
ajfa-810	58	52	incompetence	incompetence	NOUN
ajfa-810	58	53	,	,	PUNCT
ajfa-810	58	54	if	if	SCONJ
ajfa-810	58	55	any	any	PRON
ajfa-810	58	56	.	.	PUNCT
ajfa-810	59	1	therefore	therefore	ADV
ajfa-810	59	2	,	,	PUNCT
ajfa-810	59	3	it	it	PRON
ajfa-810	59	4	could	could	AUX
ajfa-810	59	5	be	be	AUX
ajfa-810	59	6	expected	expect	VERB
ajfa-810	59	7	that	that	SCONJ
ajfa-810	59	8	there	there	PRON
ajfa-810	59	9	is	be	VERB
ajfa-810	59	10	a	a	DET
ajfa-810	59	11	negative	negative	ADJ
ajfa-810	59	12	relationship	relationship	NOUN
ajfa-810	59	13	between	between	ADP
ajfa-810	59	14	director	director	NOUN
ajfa-810	59	15	ownership	ownership	NOUN
ajfa-810	59	16	and	and	CCONJ
ajfa-810	59	17	disclosure	disclosure	NOUN
ajfa-810	59	18	.	.	PUNCT
ajfa-810	60	1	theoretical	theoretical	ADJ
ajfa-810	60	2	expectation	expectation	NOUN
ajfa-810	60	3	seems	seem	VERB
ajfa-810	60	4	to	to	PART
ajfa-810	60	5	be	be	AUX
ajfa-810	60	6	supported	support	VERB
ajfa-810	60	7	by	by	ADP
ajfa-810	60	8	chau	chau	NOUN
ajfa-810	60	9	and	and	CCONJ
ajfa-810	60	10	gray	gray	ADJ
ajfa-810	60	11	(	(	PUNCT
ajfa-810	60	12	2002	2002	NUM
ajfa-810	60	13	)	)	PUNCT
ajfa-810	60	14	,	,	PUNCT
ajfa-810	60	15	eng	eng	PROPN
ajfa-810	60	16	and	and	CCONJ
ajfa-810	60	17	mak	mak	PROPN
ajfa-810	60	18	(	(	PUNCT
ajfa-810	60	19	2003	2003	NUM
ajfa-810	60	20	)	)	PUNCT
ajfa-810	60	21	,	,	PUNCT
ajfa-810	60	22	and	and	CCONJ
ajfa-810	60	23	leung	leung	PROPN
ajfa-810	60	24	and	and	CCONJ
ajfa-810	60	25	horwitz	horwitz	PROPN
ajfa-810	60	26	(	(	PUNCT
ajfa-810	60	27	2004	2004	NUM
ajfa-810	60	28	)	)	PUNCT
ajfa-810	60	29	.	.	PUNCT
ajfa-810	61	1	huafang	huafang	PROPN
ajfa-810	61	2	and	and	CCONJ
ajfa-810	61	3	jianguo	jianguo	PROPN
ajfa-810	61	4	(	(	PUNCT
ajfa-810	61	5	2007	2007	NUM
ajfa-810	61	6	)	)	PUNCT
ajfa-810	61	7	find	find	VERB
ajfa-810	61	8	that	that	SCONJ
ajfa-810	61	9	there	there	PRON
ajfa-810	61	10	is	be	VERB
ajfa-810	61	11	no	no	DET
ajfa-810	61	12	relationship	relationship	NOUN
ajfa-810	61	13	between	between	ADP
ajfa-810	61	14	them	they	PRON
ajfa-810	61	15	.	.	PUNCT
ajfa-810	62	1	on	on	ADP
ajfa-810	62	2	the	the	DET
ajfa-810	62	3	contrary	contrary	NOUN
ajfa-810	62	4	,	,	PUNCT
ajfa-810	62	5	ballesta	ballesta	NOUN
ajfa-810	62	6	and	and	CCONJ
ajfa-810	62	7	garcia	garcia	PROPN
ajfa-810	62	8	-	-	PUNCT
ajfa-810	62	9	meca	meca	PROPN
ajfa-810	62	10	(	(	PUNCT
ajfa-810	62	11	2005	2005	NUM
ajfa-810	62	12	)	)	PUNCT
ajfa-810	62	13	find	find	VERB
ajfa-810	62	14	that	that	SCONJ
ajfa-810	62	15	higher	high	ADJ
ajfa-810	62	16	director	director	NOUN
ajfa-810	62	17	ownership	ownership	NOUN
ajfa-810	62	18	provides	provide	VERB
ajfa-810	62	19	higher	high	ADJ
ajfa-810	62	20	quality	quality	NOUN
ajfa-810	62	21	of	of	ADP
ajfa-810	62	22	financial	financial	ADJ
ajfa-810	62	23	reporting	reporting	NOUN
ajfa-810	62	24	.	.	PUNCT
ajfa-810	63	1	in	in	ADP
ajfa-810	63	2	addition	addition	NOUN
ajfa-810	63	3	,	,	PUNCT
ajfa-810	63	4	norita	norita	NOUN
ajfa-810	63	5	and	and	CCONJ
ajfa-810	63	6	shamsul	shamsul	PROPN
ajfa-810	63	7	nahar	nahar	PROPN
ajfa-810	63	8	(	(	PUNCT
ajfa-810	63	9	2004	2004	NUM
ajfa-810	63	10	)	)	PUNCT
ajfa-810	63	11	find	find	VERB
ajfa-810	63	12	that	that	SCONJ
ajfa-810	63	13	executive	executive	ADJ
ajfa-810	63	14	director	director	NOUN
ajfa-810	63	15	ownership	ownership	NOUN
ajfa-810	63	16	has	have	VERB
ajfa-810	63	17	a	a	DET
ajfa-810	63	18	positive	positive	ADJ
ajfa-810	63	19	influence	influence	NOUN
ajfa-810	63	20	to	to	ADP
ajfa-810	63	21	voluntary	voluntary	ADJ
ajfa-810	63	22	disclosure	disclosure	NOUN
ajfa-810	63	23	level	level	NOUN
ajfa-810	63	24	.	.	PUNCT
ajfa-810	64	1	the	the	DET
ajfa-810	64	2	reason	reason	NOUN
ajfa-810	64	3	provided	provide	VERB
ajfa-810	64	4	by	by	ADP
ajfa-810	64	5	ballesta	ballesta	NOUN
ajfa-810	64	6	and	and	CCONJ
ajfa-810	64	7	garcia	garcia	PROPN
ajfa-810	64	8	-	-	PUNCT
ajfa-810	64	9	meca	meca	PROPN
ajfa-810	64	10	(	(	PUNCT
ajfa-810	64	11	2005	2005	NUM
ajfa-810	64	12	)	)	PUNCT
ajfa-810	64	13	is	be	AUX
ajfa-810	64	14	that	that	SCONJ
ajfa-810	64	15	when	when	SCONJ
ajfa-810	64	16	managers	manager	NOUN
ajfa-810	64	17	are	be	AUX
ajfa-810	64	18	also	also	ADV
ajfa-810	64	19	the	the	DET
ajfa-810	64	20	owners	owner	NOUN
ajfa-810	64	21	,	,	PUNCT
ajfa-810	64	22	they	they	PRON
ajfa-810	64	23	act	act	VERB
ajfa-810	64	24	in	in	ADP
ajfa-810	64	25	the	the	DET
ajfa-810	64	26	interest	interest	NOUN
ajfa-810	64	27	of	of	ADP
ajfa-810	64	28	the	the	DET
ajfa-810	64	29	firms	firm	NOUN
ajfa-810	64	30	and	and	CCONJ
ajfa-810	64	31	thus	thus	ADV
ajfa-810	64	32	result	result	VERB
ajfa-810	64	33	in	in	ADP
ajfa-810	64	34	financial	financial	ADJ
ajfa-810	64	35	statements	statement	NOUN
ajfa-810	64	36	that	that	PRON
ajfa-810	64	37	are	be	AUX
ajfa-810	64	38	less	less	ADV
ajfa-810	64	39	likely	likely	ADJ
ajfa-810	64	40	to	to	PART
ajfa-810	64	41	attract	attract	VERB
ajfa-810	64	42	audit	audit	NOUN
ajfa-810	64	43	qualification	qualification	NOUN
ajfa-810	64	44	.	.	PUNCT
ajfa-810	65	1	asian	asian	ADJ
ajfa-810	65	2	journal	journal	PROPN
ajfa-810	65	3	of	of	ADP
ajfa-810	65	4	finance	finance	PROPN
ajfa-810	65	5	&	&	CCONJ
ajfa-810	65	6	accounting	accounting	PROPN
ajfa-810	65	7	issn	issn	PROPN
ajfa-810	65	8	1946	1946	NUM
ajfa-810	65	9	-	-	PUNCT
ajfa-810	65	10	052x	052x	NOUN
ajfa-810	65	11	2012	2012	NUM
ajfa-810	65	12	,	,	PUNCT
ajfa-810	65	13	vol	vol	NOUN
ajfa-810	65	14	.	.	PROPN
ajfa-810	65	15	4	4	NUM
ajfa-810	65	16	,	,	PUNCT
ajfa-810	65	17	no	no	INTJ
ajfa-810	65	18	.	.	NOUN
ajfa-810	65	19	1	1	NUM
ajfa-810	65	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-810	65	21	6	6	NUM
ajfa-810	65	22	with	with	ADP
ajfa-810	65	23	regard	regard	NOUN
ajfa-810	65	24	to	to	ADP
ajfa-810	65	25	block	block	NOUN
ajfa-810	65	26	ownership	ownership	NOUN
ajfa-810	65	27	,	,	PUNCT
ajfa-810	65	28	david	david	PROPN
ajfa-810	65	29	and	and	CCONJ
ajfa-810	65	30	kochhar	kochhar	PROPN
ajfa-810	65	31	(	(	PUNCT
ajfa-810	65	32	1996	1996	NUM
ajfa-810	65	33	)	)	PUNCT
ajfa-810	65	34	and	and	CCONJ
ajfa-810	65	35	kim	kim	PROPN
ajfa-810	65	36	and	and	CCONJ
ajfa-810	65	37	lee	lee	PROPN
ajfa-810	65	38	(	(	PUNCT
ajfa-810	65	39	2003	2003	NUM
ajfa-810	65	40	)	)	PUNCT
ajfa-810	65	41	state	state	NOUN
ajfa-810	65	42	that	that	SCONJ
ajfa-810	65	43	if	if	SCONJ
ajfa-810	65	44	an	an	DET
ajfa-810	65	45	individual	individual	NOUN
ajfa-810	65	46	has	have	VERB
ajfa-810	65	47	a	a	DET
ajfa-810	65	48	substantial	substantial	ADJ
ajfa-810	65	49	amount	amount	NOUN
ajfa-810	65	50	of	of	ADP
ajfa-810	65	51	interest	interest	NOUN
ajfa-810	65	52	in	in	ADP
ajfa-810	65	53	a	a	DET
ajfa-810	65	54	particular	particular	ADJ
ajfa-810	65	55	company	company	NOUN
ajfa-810	65	56	(	(	PUNCT
ajfa-810	65	57	usually	usually	ADV
ajfa-810	65	58	measured	measure	VERB
ajfa-810	65	59	at	at	ADP
ajfa-810	65	60	5	5	NUM
ajfa-810	65	61	%	%	NOUN
ajfa-810	65	62	)	)	PUNCT
ajfa-810	65	63	,	,	PUNCT
ajfa-810	65	64	he	he	PRON
ajfa-810	65	65	or	or	CCONJ
ajfa-810	65	66	she	she	PRON
ajfa-810	65	67	will	will	AUX
ajfa-810	65	68	be	be	AUX
ajfa-810	65	69	more	more	ADV
ajfa-810	65	70	interested	interested	ADJ
ajfa-810	65	71	in	in	ADP
ajfa-810	65	72	the	the	DET
ajfa-810	65	73	company	company	NOUN
ajfa-810	65	74	and	and	CCONJ
ajfa-810	65	75	hence	hence	ADV
ajfa-810	65	76	the	the	DET
ajfa-810	65	77	block	block	NOUN
ajfa-810	65	78	holders	holder	NOUN
ajfa-810	65	79	is	be	AUX
ajfa-810	65	80	an	an	DET
ajfa-810	65	81	important	important	ADJ
ajfa-810	65	82	player	player	NOUN
ajfa-810	65	83	to	to	PART
ajfa-810	65	84	have	have	VERB
ajfa-810	65	85	higher	high	ADJ
ajfa-810	65	86	disclosure	disclosure	NOUN
ajfa-810	65	87	since	since	SCONJ
ajfa-810	65	88	they	they	PRON
ajfa-810	65	89	have	have	VERB
ajfa-810	65	90	the	the	DET
ajfa-810	65	91	voting	voting	NOUN
ajfa-810	65	92	power	power	NOUN
ajfa-810	65	93	that	that	PRON
ajfa-810	65	94	could	could	AUX
ajfa-810	65	95	be	be	AUX
ajfa-810	65	96	used	use	VERB
ajfa-810	65	97	as	as	ADP
ajfa-810	65	98	a	a	DET
ajfa-810	65	99	tool	tool	NOUN
ajfa-810	65	100	to	to	PART
ajfa-810	65	101	monitor	monitor	VERB
ajfa-810	65	102	the	the	DET
ajfa-810	65	103	agents	agent	NOUN
ajfa-810	65	104	.	.	PUNCT
ajfa-810	66	1	from	from	ADP
ajfa-810	66	2	the	the	DET
ajfa-810	66	3	agency	agency	NOUN
ajfa-810	66	4	theory	theory	NOUN
ajfa-810	66	5	,	,	PUNCT
ajfa-810	66	6	it	it	PRON
ajfa-810	66	7	could	could	AUX
ajfa-810	66	8	be	be	AUX
ajfa-810	66	9	inferred	infer	VERB
ajfa-810	66	10	that	that	SCONJ
ajfa-810	66	11	block	block	NOUN
ajfa-810	66	12	holders	holder	NOUN
ajfa-810	66	13	have	have	VERB
ajfa-810	66	14	the	the	DET
ajfa-810	66	15	interests	interest	NOUN
ajfa-810	66	16	in	in	ADP
ajfa-810	66	17	the	the	DET
ajfa-810	66	18	firms	firm	NOUN
ajfa-810	66	19	;	;	PUNCT
ajfa-810	66	20	most	most	ADV
ajfa-810	66	21	likely	likely	ADV
ajfa-810	66	22	they	they	PRON
ajfa-810	66	23	might	might	AUX
ajfa-810	66	24	put	put	VERB
ajfa-810	66	25	the	the	DET
ajfa-810	66	26	pressure	pressure	NOUN
ajfa-810	66	27	on	on	ADP
ajfa-810	66	28	the	the	DET
ajfa-810	66	29	management	management	NOUN
ajfa-810	66	30	to	to	PART
ajfa-810	66	31	disclose	disclose	VERB
ajfa-810	66	32	all	all	DET
ajfa-810	66	33	the	the	DET
ajfa-810	66	34	material	material	NOUN
ajfa-810	66	35	information	information	NOUN
ajfa-810	66	36	.	.	PUNCT
ajfa-810	67	1	therefore	therefore	ADV
ajfa-810	67	2	,	,	PUNCT
ajfa-810	67	3	it	it	PRON
ajfa-810	67	4	could	could	AUX
ajfa-810	67	5	be	be	AUX
ajfa-810	67	6	expected	expect	VERB
ajfa-810	67	7	that	that	SCONJ
ajfa-810	67	8	there	there	PRON
ajfa-810	67	9	is	be	VERB
ajfa-810	67	10	a	a	DET
ajfa-810	67	11	positive	positive	ADJ
ajfa-810	67	12	relationship	relationship	NOUN
ajfa-810	67	13	between	between	ADP
ajfa-810	67	14	block	block	NOUN
ajfa-810	67	15	holders	holder	NOUN
ajfa-810	67	16	and	and	CCONJ
ajfa-810	67	17	disclosure	disclosure	NOUN
ajfa-810	67	18	.	.	PUNCT
ajfa-810	68	1	chau	chau	NOUN
ajfa-810	68	2	and	and	CCONJ
ajfa-810	68	3	gray	gray	ADJ
ajfa-810	68	4	(	(	PUNCT
ajfa-810	68	5	2002	2002	NUM
ajfa-810	68	6	)	)	PUNCT
ajfa-810	68	7	,	,	PUNCT
ajfa-810	68	8	luo	luo	PROPN
ajfa-810	68	9	,	,	PUNCT
ajfa-810	68	10	courtenay	courtenay	PROPN
ajfa-810	68	11	and	and	CCONJ
ajfa-810	68	12	hossain	hossain	PROPN
ajfa-810	68	13	(	(	PUNCT
ajfa-810	68	14	2006)1	2006)1	NUM
ajfa-810	68	15	,	,	PUNCT
ajfa-810	68	16	huafang	huafang	PROPN
ajfa-810	68	17	and	and	CCONJ
ajfa-810	68	18	jianguo	jianguo	PROPN
ajfa-810	68	19	(	(	PUNCT
ajfa-810	68	20	2007	2007	NUM
ajfa-810	68	21	)	)	PUNCT
ajfa-810	68	22	and	and	CCONJ
ajfa-810	68	23	norita	norita	PROPN
ajfa-810	68	24	and	and	CCONJ
ajfa-810	68	25	shamsul	shamsul	PROPN
ajfa-810	68	26	nahar	nahar	PROPN
ajfa-810	68	27	(	(	PUNCT
ajfa-810	68	28	2004	2004	NUM
ajfa-810	68	29	)	)	PUNCT
ajfa-810	68	30	find	find	VERB
ajfa-810	68	31	that	that	DET
ajfa-810	68	32	extent	extent	NOUN
ajfa-810	68	33	of	of	ADP
ajfa-810	68	34	outside	outside	ADJ
ajfa-810	68	35	block	block	NOUN
ajfa-810	68	36	ownership	ownership	NOUN
ajfa-810	68	37	is	be	AUX
ajfa-810	68	38	positively	positively	ADV
ajfa-810	68	39	associated	associate	VERB
ajfa-810	68	40	with	with	ADP
ajfa-810	68	41	voluntary	voluntary	ADJ
ajfa-810	68	42	disclosures	disclosure	NOUN
ajfa-810	68	43	and	and	CCONJ
ajfa-810	68	44	hence	hence	ADV
ajfa-810	68	45	their	their	PRON
ajfa-810	68	46	finding	finding	NOUN
ajfa-810	68	47	is	be	AUX
ajfa-810	68	48	in	in	ADP
ajfa-810	68	49	line	line	NOUN
ajfa-810	68	50	with	with	ADP
ajfa-810	68	51	theoretical	theoretical	ADJ
ajfa-810	68	52	expectation	expectation	NOUN
ajfa-810	68	53	.	.	PUNCT
ajfa-810	69	1	however	however	ADV
ajfa-810	69	2	,	,	PUNCT
ajfa-810	69	3	eng	eng	PROPN
ajfa-810	69	4	and	and	CCONJ
ajfa-810	69	5	mak	mak	PROPN
ajfa-810	69	6	(	(	PUNCT
ajfa-810	69	7	2003	2003	NUM
ajfa-810	69	8	)	)	PUNCT
ajfa-810	69	9	find	find	VERB
ajfa-810	69	10	that	that	SCONJ
ajfa-810	69	11	block	block	NOUN
ajfa-810	69	12	holder	holder	NOUN
ajfa-810	69	13	ownership	ownership	NOUN
ajfa-810	69	14	is	be	AUX
ajfa-810	69	15	not	not	PART
ajfa-810	69	16	related	relate	VERB
ajfa-810	69	17	to	to	ADP
ajfa-810	69	18	disclosure	disclosure	NOUN
ajfa-810	69	19	.	.	PUNCT
ajfa-810	70	1	the	the	DET
ajfa-810	70	2	finding	finding	NOUN
ajfa-810	70	3	of	of	ADP
ajfa-810	70	4	lakhal	lakhal	NOUN
ajfa-810	70	5	(	(	PUNCT
ajfa-810	70	6	2005	2005	NUM
ajfa-810	70	7	)	)	PUNCT
ajfa-810	70	8	seems	seem	VERB
ajfa-810	70	9	not	not	PART
ajfa-810	70	10	to	to	PART
ajfa-810	70	11	be	be	AUX
ajfa-810	70	12	in	in	ADP
ajfa-810	70	13	line	line	NOUN
ajfa-810	70	14	with	with	ADP
ajfa-810	70	15	theoretical	theoretical	ADJ
ajfa-810	70	16	expectation	expectation	NOUN
ajfa-810	70	17	.	.	PUNCT
ajfa-810	71	1	finally	finally	ADV
ajfa-810	71	2	,	,	PUNCT
ajfa-810	71	3	regarding	regard	VERB
ajfa-810	71	4	institutional	institutional	ADJ
ajfa-810	71	5	investors	investor	NOUN
ajfa-810	71	6	,	,	PUNCT
ajfa-810	71	7	salleh	salleh	NOUN
ajfa-810	71	8	and	and	CCONJ
ajfa-810	71	9	mallin	mallin	PROPN
ajfa-810	71	10	(	(	PUNCT
ajfa-810	71	11	2002	2002	NUM
ajfa-810	71	12	)	)	PUNCT
ajfa-810	71	13	,	,	PUNCT
ajfa-810	71	14	le	le	X
ajfa-810	71	15	et	et	PROPN
ajfa-810	71	16	al	al	PROPN
ajfa-810	71	17	.	.	PROPN
ajfa-810	72	1	(	(	PUNCT
ajfa-810	72	2	2006	2006	NUM
ajfa-810	72	3	)	)	PUNCT
ajfa-810	72	4	,	,	PUNCT
ajfa-810	72	5	langnan	langnan	PROPN
ajfa-810	72	6	,	,	PUNCT
ajfa-810	72	7	steven	steven	PROPN
ajfa-810	72	8	and	and	CCONJ
ajfa-810	72	9	weibin	weibin	PROPN
ajfa-810	72	10	(	(	PUNCT
ajfa-810	72	11	2007	2007	NUM
ajfa-810	72	12	)	)	PUNCT
ajfa-810	72	13	and	and	CCONJ
ajfa-810	72	14	ramzi	ramzi	NOUN
ajfa-810	72	15	(	(	PUNCT
ajfa-810	72	16	2008	2008	NUM
ajfa-810	72	17	)	)	PUNCT
ajfa-810	72	18	collectively	collectively	ADV
ajfa-810	72	19	agree	agree	VERB
ajfa-810	72	20	on	on	ADP
ajfa-810	72	21	the	the	DET
ajfa-810	72	22	important	important	ADJ
ajfa-810	72	23	role	role	NOUN
ajfa-810	72	24	of	of	ADP
ajfa-810	72	25	institutional	institutional	ADJ
ajfa-810	72	26	shareholders	shareholder	NOUN
ajfa-810	72	27	in	in	ADP
ajfa-810	72	28	the	the	DET
ajfa-810	72	29	monitoring	monitoring	NOUN
ajfa-810	72	30	of	of	ADP
ajfa-810	72	31	firms	firm	NOUN
ajfa-810	72	32	because	because	SCONJ
ajfa-810	72	33	of	of	ADP
ajfa-810	72	34	the	the	DET
ajfa-810	72	35	voting	voting	NOUN
ajfa-810	72	36	power	power	NOUN
ajfa-810	72	37	,	,	PUNCT
ajfa-810	72	38	the	the	DET
ajfa-810	72	39	potential	potential	ADJ
ajfa-810	72	40	benefits	benefit	NOUN
ajfa-810	72	41	from	from	ADP
ajfa-810	72	42	their	their	PRON
ajfa-810	72	43	activism	activism	NOUN
ajfa-810	72	44	,	,	PUNCT
ajfa-810	72	45	the	the	DET
ajfa-810	72	46	existence	existence	NOUN
ajfa-810	72	47	of	of	ADP
ajfa-810	72	48	lesser	less	ADJ
ajfa-810	72	49	ability	ability	NOUN
ajfa-810	72	50	to	to	PART
ajfa-810	72	51	liquidate	liquidate	VERB
ajfa-810	72	52	the	the	DET
ajfa-810	72	53	shares	share	NOUN
ajfa-810	72	54	without	without	ADP
ajfa-810	72	55	affecting	affect	VERB
ajfa-810	72	56	the	the	DET
ajfa-810	72	57	share	share	NOUN
ajfa-810	72	58	price	price	NOUN
ajfa-810	72	59	,	,	PUNCT
ajfa-810	72	60	the	the	DET
ajfa-810	72	61	fiduciary	fiduciary	ADJ
ajfa-810	72	62	responsibility	responsibility	NOUN
ajfa-810	72	63	towards	towards	ADP
ajfa-810	72	64	the	the	DET
ajfa-810	72	65	ultimate	ultimate	ADJ
ajfa-810	72	66	owners	owner	NOUN
ajfa-810	72	67	,	,	PUNCT
ajfa-810	72	68	and	and	CCONJ
ajfa-810	72	69	ability	ability	NOUN
ajfa-810	72	70	to	to	PART
ajfa-810	72	71	monitor	monitor	VERB
ajfa-810	72	72	executives	executive	NOUN
ajfa-810	72	73	since	since	SCONJ
ajfa-810	72	74	they	they	PRON
ajfa-810	72	75	are	be	AUX
ajfa-810	72	76	professionals	professional	NOUN
ajfa-810	72	77	.	.	PUNCT
ajfa-810	73	1	institutional	institutional	ADJ
ajfa-810	73	2	ownership	ownership	NOUN
ajfa-810	73	3	seems	seem	VERB
ajfa-810	73	4	to	to	PART
ajfa-810	73	5	be	be	AUX
ajfa-810	73	6	an	an	DET
ajfa-810	73	7	important	important	ADJ
ajfa-810	73	8	player	player	NOUN
ajfa-810	73	9	to	to	PART
ajfa-810	73	10	have	have	VERB
ajfa-810	73	11	higher	high	ADJ
ajfa-810	73	12	disclosure	disclosure	NOUN
ajfa-810	73	13	since	since	SCONJ
ajfa-810	73	14	their	their	PRON
ajfa-810	73	15	voting	voting	NOUN
ajfa-810	73	16	power	power	NOUN
ajfa-810	73	17	can	can	AUX
ajfa-810	73	18	be	be	AUX
ajfa-810	73	19	used	use	VERB
ajfa-810	73	20	as	as	ADP
ajfa-810	73	21	a	a	DET
ajfa-810	73	22	tool	tool	NOUN
ajfa-810	73	23	to	to	PART
ajfa-810	73	24	monitor	monitor	VERB
ajfa-810	73	25	the	the	DET
ajfa-810	73	26	agents	agent	NOUN
ajfa-810	73	27	(	(	PUNCT
ajfa-810	73	28	david	david	PROPN
ajfa-810	73	29	and	and	CCONJ
ajfa-810	73	30	kochhar	kochhar	PROPN
ajfa-810	73	31	,	,	PUNCT
ajfa-810	73	32	1996	1996	NUM
ajfa-810	73	33	)	)	PUNCT
ajfa-810	73	34	.	.	PUNCT
ajfa-810	74	1	therefore	therefore	ADV
ajfa-810	74	2	,	,	PUNCT
ajfa-810	74	3	it	it	PRON
ajfa-810	74	4	could	could	AUX
ajfa-810	74	5	be	be	AUX
ajfa-810	74	6	expected	expect	VERB
ajfa-810	74	7	that	that	SCONJ
ajfa-810	74	8	there	there	PRON
ajfa-810	74	9	is	be	VERB
ajfa-810	74	10	a	a	DET
ajfa-810	74	11	positive	positive	ADJ
ajfa-810	74	12	relationship	relationship	NOUN
ajfa-810	74	13	between	between	ADP
ajfa-810	74	14	institutional	institutional	ADJ
ajfa-810	74	15	investors	investor	NOUN
ajfa-810	74	16	and	and	CCONJ
ajfa-810	74	17	disclosure	disclosure	NOUN
ajfa-810	74	18	.	.	PUNCT
ajfa-810	75	1	the	the	DET
ajfa-810	75	2	findings	finding	NOUN
ajfa-810	75	3	of	of	ADP
ajfa-810	75	4	eng	eng	PROPN
ajfa-810	75	5	and	and	CCONJ
ajfa-810	75	6	mak	mak	PROPN
ajfa-810	75	7	(	(	PUNCT
ajfa-810	75	8	2003	2003	NUM
ajfa-810	75	9	)	)	PUNCT
ajfa-810	75	10	,	,	PUNCT
ajfa-810	75	11	and	and	CCONJ
ajfa-810	75	12	lakhal	lakhal	NOUN
ajfa-810	75	13	(	(	PUNCT
ajfa-810	75	14	2005	2005	NUM
ajfa-810	75	15	)	)	PUNCT
ajfa-810	75	16	are	be	AUX
ajfa-810	75	17	in	in	ADP
ajfa-810	75	18	line	line	NOUN
ajfa-810	75	19	with	with	ADP
ajfa-810	75	20	theoretical	theoretical	ADJ
ajfa-810	75	21	expectation	expectation	NOUN
ajfa-810	75	22	.	.	PUNCT
ajfa-810	76	1	whereby	whereby	ADV
ajfa-810	76	2	,	,	PUNCT
ajfa-810	76	3	eng	eng	PROPN
ajfa-810	76	4	and	and	CCONJ
ajfa-810	76	5	mak	mak	PROPN
ajfa-810	76	6	(	(	PUNCT
ajfa-810	76	7	2003	2003	NUM
ajfa-810	76	8	)	)	PUNCT
ajfa-810	76	9	use	use	VERB
ajfa-810	76	10	government	government	NOUN
ajfa-810	76	11	ownership	ownership	NOUN
ajfa-810	76	12	as	as	ADP
ajfa-810	76	13	a	a	DET
ajfa-810	76	14	proxy	proxy	NOUN
ajfa-810	76	15	for	for	ADP
ajfa-810	76	16	institutional	institutional	ADJ
ajfa-810	76	17	shareholder	shareholder	NOUN
ajfa-810	76	18	and	and	CCONJ
ajfa-810	76	19	lakhal	lakhal	NOUN
ajfa-810	76	20	(	(	PUNCT
ajfa-810	76	21	2005	2005	NUM
ajfa-810	76	22	)	)	PUNCT
ajfa-810	76	23	use	use	VERB
ajfa-810	76	24	the	the	DET
ajfa-810	76	25	foreign	foreign	ADJ
ajfa-810	76	26	institutional	institutional	ADJ
ajfa-810	76	27	investor	investor	NOUN
ajfa-810	76	28	's	's	PART
ajfa-810	76	29	ownership	ownership	NOUN
ajfa-810	76	30	as	as	ADP
ajfa-810	76	31	the	the	DET
ajfa-810	76	32	proxy	proxy	NOUN
ajfa-810	76	33	.	.	PUNCT
ajfa-810	77	1	however	however	ADV
ajfa-810	77	2	,	,	PUNCT
ajfa-810	77	3	huafang	huafang	PROPN
ajfa-810	77	4	and	and	CCONJ
ajfa-810	77	5	jianguo	jianguo	PROPN
ajfa-810	77	6	(	(	PUNCT
ajfa-810	77	7	2007	2007	NUM
ajfa-810	77	8	)	)	PUNCT
ajfa-810	77	9	find	find	VERB
ajfa-810	77	10	that	that	SCONJ
ajfa-810	77	11	there	there	PRON
ajfa-810	77	12	is	be	VERB
ajfa-810	77	13	state	state	NOUN
ajfa-810	77	14	ownership	ownership	NOUN
ajfa-810	77	15	and	and	CCONJ
ajfa-810	77	16	legal	legal	ADJ
ajfa-810	77	17	ownership	ownership	NOUN
ajfa-810	77	18	are	be	AUX
ajfa-810	77	19	not	not	PART
ajfa-810	77	20	related	relate	VERB
ajfa-810	77	21	to	to	ADP
ajfa-810	77	22	disclosure	disclosure	NOUN
ajfa-810	77	23	and	and	CCONJ
ajfa-810	77	24	hence	hence	ADV
ajfa-810	77	25	they	they	PRON
ajfa-810	77	26	suggest	suggest	VERB
ajfa-810	77	27	that	that	SCONJ
ajfa-810	77	28	the	the	DET
ajfa-810	77	29	chinese	chinese	ADJ
ajfa-810	77	30	regulators	regulator	NOUN
ajfa-810	77	31	should	should	AUX
ajfa-810	77	32	gradually	gradually	ADV
ajfa-810	77	33	encourage	encourage	VERB
ajfa-810	77	34	multi	multi	NOUN
ajfa-810	77	35	-	-	NOUN
ajfa-810	77	36	ownership	ownership	NOUN
ajfa-810	77	37	.	.	PUNCT
ajfa-810	78	1	3	3	X
ajfa-810	78	2	.	.	X
ajfa-810	78	3	development	development	NOUN
ajfa-810	78	4	of	of	ADP
ajfa-810	78	5	hypotheses	hypothesis	NOUN
ajfa-810	78	6	and	and	CCONJ
ajfa-810	78	7	research	research	NOUN
ajfa-810	78	8	design	design	NOUN
ajfa-810	78	9	3.1	3.1	NUM
ajfa-810	78	10	development	development	NOUN
ajfa-810	78	11	of	of	ADP
ajfa-810	78	12	hypotheses	hypothesis	NOUN
ajfa-810	78	13	disclosing	disclose	VERB
ajfa-810	78	14	the	the	DET
ajfa-810	78	15	material	material	ADJ
ajfa-810	78	16	information	information	NOUN
ajfa-810	78	17	of	of	ADP
ajfa-810	78	18	the	the	DET
ajfa-810	78	19	firms	firm	NOUN
ajfa-810	78	20	reduces	reduce	VERB
ajfa-810	78	21	the	the	DET
ajfa-810	78	22	information	information	NOUN
ajfa-810	78	23	asymmetry	asymmetry	NOUN
ajfa-810	78	24	between	between	ADP
ajfa-810	78	25	the	the	DET
ajfa-810	78	26	management	management	NOUN
ajfa-810	78	27	and	and	CCONJ
ajfa-810	78	28	the	the	DET
ajfa-810	78	29	owners	owner	NOUN
ajfa-810	78	30	,	,	PUNCT
ajfa-810	78	31	and	and	CCONJ
ajfa-810	78	32	it	it	PRON
ajfa-810	78	33	will	will	AUX
ajfa-810	78	34	also	also	ADV
ajfa-810	78	35	reduce	reduce	VERB
ajfa-810	78	36	the	the	DET
ajfa-810	78	37	agency	agency	NOUN
ajfa-810	78	38	conflicts	conflict	NOUN
ajfa-810	78	39	between	between	ADP
ajfa-810	78	40	them	they	PRON
ajfa-810	78	41	.	.	PUNCT
ajfa-810	79	1	according	accord	VERB
ajfa-810	79	2	to	to	ADP
ajfa-810	79	3	patel	patel	PROPN
ajfa-810	79	4	et	et	PROPN
ajfa-810	79	5	al	al	PROPN
ajfa-810	79	6	.	.	PROPN
ajfa-810	80	1	(	(	PUNCT
ajfa-810	80	2	2002	2002	NUM
ajfa-810	80	3	)	)	PUNCT
ajfa-810	80	4	and	and	CCONJ
ajfa-810	80	5	united	united	PROPN
ajfa-810	80	6	nation	nation	PROPN
ajfa-810	80	7	(	(	PUNCT
ajfa-810	80	8	2003	2003	NUM
ajfa-810	80	9	)	)	PUNCT
ajfa-810	80	10	,	,	PUNCT
ajfa-810	80	11	disclosure	disclosure	NOUN
ajfa-810	80	12	is	be	AUX
ajfa-810	80	13	an	an	DET
ajfa-810	80	14	integral	integral	ADJ
ajfa-810	80	15	part	part	NOUN
ajfa-810	80	16	of	of	ADP
ajfa-810	80	17	the	the	DET
ajfa-810	80	18	corporate	corporate	ADJ
ajfa-810	80	19	governance	governance	NOUN
ajfa-810	80	20	because	because	SCONJ
ajfa-810	80	21	it	it	PRON
ajfa-810	80	22	shows	show	VERB
ajfa-810	80	23	the	the	DET
ajfa-810	80	24	extent	extent	NOUN
ajfa-810	80	25	of	of	ADP
ajfa-810	80	26	how	how	SCONJ
ajfa-810	80	27	good	good	ADJ
ajfa-810	80	28	corporate	corporate	ADJ
ajfa-810	80	29	governance	governance	NOUN
ajfa-810	80	30	is	be	AUX
ajfa-810	80	31	.	.	PUNCT
ajfa-810	81	1	leong	leong	PROPN
ajfa-810	81	2	(	(	PUNCT
ajfa-810	81	3	2005	2005	NUM
ajfa-810	81	4	)	)	PUNCT
ajfa-810	81	5	also	also	ADV
ajfa-810	81	6	mentions	mention	VERB
ajfa-810	81	7	that	that	SCONJ
ajfa-810	81	8	disclosure	disclosure	NOUN
ajfa-810	81	9	and	and	CCONJ
ajfa-810	81	10	transparency	transparency	NOUN
ajfa-810	81	11	are	be	AUX
ajfa-810	81	12	partners	partner	NOUN
ajfa-810	81	13	of	of	ADP
ajfa-810	81	14	good	good	ADJ
ajfa-810	81	15	corporate	corporate	ADJ
ajfa-810	81	16	governance	governance	NOUN
ajfa-810	81	17	.	.	PUNCT
ajfa-810	82	1	moreover	moreover	ADV
ajfa-810	82	2	,	,	PUNCT
ajfa-810	82	3	beekes	beeke	NOUN
ajfa-810	82	4	and	and	CCONJ
ajfa-810	82	5	brown	brown	ADJ
ajfa-810	82	6	(	(	PUNCT
ajfa-810	82	7	2006	2006	NUM
ajfa-810	82	8	)	)	PUNCT
ajfa-810	82	9	study	study	VERB
ajfa-810	82	10	250	250	NUM
ajfa-810	82	11	australian	australian	ADJ
ajfa-810	82	12	firms	firm	NOUN
ajfa-810	82	13	rated	rate	VERB
ajfa-810	82	14	in	in	ADP
ajfa-810	82	15	the	the	DET
ajfa-810	82	16	2002	2002	NUM
ajfa-810	82	17	horwath	horwath	NOUN
ajfa-810	82	18	corporate	corporate	ADJ
ajfa-810	82	19	governance	governance	NOUN
ajfa-810	82	20	report	report	NOUN
ajfa-810	82	21	and	and	CCONJ
ajfa-810	82	22	find	find	VERB
ajfa-810	82	23	that	that	SCONJ
ajfa-810	82	24	better	well	ADV
ajfa-810	82	25	-	-	PUNCT
ajfa-810	82	26	governed	govern	VERB
ajfa-810	82	27	firms	firm	NOUN
ajfa-810	82	28	do	do	AUX
ajfa-810	82	29	make	make	VERB
ajfa-810	82	30	more	more	ADV
ajfa-810	82	31	informative	informative	ADJ
ajfa-810	82	32	disclosure	disclosure	NOUN
ajfa-810	82	33	.	.	PUNCT
ajfa-810	83	1	hence	hence	ADV
ajfa-810	83	2	,	,	PUNCT
ajfa-810	83	3	the	the	DET
ajfa-810	83	4	researcher	researcher	NOUN
ajfa-810	83	5	is	be	AUX
ajfa-810	83	6	interested	interested	ADJ
ajfa-810	83	7	to	to	PART
ajfa-810	83	8	examine	examine	VERB
ajfa-810	83	9	whether	whether	SCONJ
ajfa-810	83	10	corporate	corporate	ADJ
ajfa-810	83	11	governance	governance	NOUN
ajfa-810	83	12	variables	variable	NOUN
ajfa-810	83	13	could	could	AUX
ajfa-810	83	14	affect	affect	VERB
ajfa-810	83	15	the	the	DET
ajfa-810	83	16	social	social	ADJ
ajfa-810	83	17	and	and	CCONJ
ajfa-810	83	18	environmental	environmental	ADJ
ajfa-810	83	19	information	information	NOUN
ajfa-810	83	20	disclosure	disclosure	NOUN
ajfa-810	83	21	and	and	CCONJ
ajfa-810	83	22	the	the	DET
ajfa-810	83	23	following	following	ADJ
ajfa-810	83	24	hypotheses	hypothesis	NOUN
ajfa-810	83	25	are	be	AUX
ajfa-810	83	26	developed	develop	VERB
ajfa-810	83	27	.	.	PUNCT
ajfa-810	84	1	1	1	NUM
ajfa-810	84	2	the	the	DET
ajfa-810	84	3	existence	existence	NOUN
ajfa-810	84	4	of	of	ADP
ajfa-810	84	5	outside	outside	ADJ
ajfa-810	84	6	block	block	NOUN
ajfa-810	84	7	ownership	ownership	NOUN
ajfa-810	84	8	significantly	significantly	ADV
ajfa-810	84	9	decreases	decrease	VERB
ajfa-810	84	10	managers	manager	NOUN
ajfa-810	84	11	’	’	PART
ajfa-810	84	12	ability	ability	NOUN
ajfa-810	84	13	to	to	PART
ajfa-810	84	14	limit	limit	VERB
ajfa-810	84	15	voluntary	voluntary	ADJ
ajfa-810	84	16	disclosure	disclosure	NOUN
ajfa-810	84	17	.	.	PUNCT
ajfa-810	85	1	asian	asian	ADJ
ajfa-810	85	2	journal	journal	PROPN
ajfa-810	85	3	of	of	ADP
ajfa-810	85	4	finance	finance	PROPN
ajfa-810	85	5	&	&	CCONJ
ajfa-810	85	6	accounting	accounting	PROPN
ajfa-810	85	7	issn	issn	PROPN
ajfa-810	85	8	1946	1946	NUM
ajfa-810	85	9	-	-	PUNCT
ajfa-810	85	10	052x	052x	NOUN
ajfa-810	85	11	2012	2012	NUM
ajfa-810	85	12	,	,	PUNCT
ajfa-810	85	13	vol	vol	NOUN
ajfa-810	85	14	.	.	PROPN
ajfa-810	85	15	4	4	NUM
ajfa-810	85	16	,	,	PUNCT
ajfa-810	85	17	no	no	INTJ
ajfa-810	85	18	.	.	NOUN
ajfa-810	85	19	1	1	NUM
ajfa-810	85	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-810	85	21	7	7	NUM
ajfa-810	85	22	3.1.1	3.1.1	NUM
ajfa-810	85	23	board	board	NOUN
ajfa-810	85	24	leadership	leadership	NOUN
ajfa-810	85	25	structure	structure	NOUN
ajfa-810	85	26	there	there	PRON
ajfa-810	85	27	should	should	AUX
ajfa-810	85	28	be	be	AUX
ajfa-810	85	29	a	a	DET
ajfa-810	85	30	control	control	NOUN
ajfa-810	85	31	mechanism	mechanism	NOUN
ajfa-810	85	32	that	that	PRON
ajfa-810	85	33	could	could	AUX
ajfa-810	85	34	put	put	VERB
ajfa-810	85	35	pressure	pressure	NOUN
ajfa-810	85	36	on	on	ADP
ajfa-810	85	37	the	the	DET
ajfa-810	85	38	management	management	NOUN
ajfa-810	85	39	to	to	PART
ajfa-810	85	40	disclose	disclose	VERB
ajfa-810	85	41	the	the	DET
ajfa-810	85	42	material	material	NOUN
ajfa-810	85	43	information	information	NOUN
ajfa-810	85	44	.	.	PUNCT
ajfa-810	86	1	one	one	NUM
ajfa-810	86	2	of	of	ADP
ajfa-810	86	3	the	the	DET
ajfa-810	86	4	mechanisms	mechanism	NOUN
ajfa-810	86	5	,	,	PUNCT
ajfa-810	86	6	derived	derive	VERB
ajfa-810	86	7	from	from	ADP
ajfa-810	86	8	the	the	DET
ajfa-810	86	9	agency	agency	NOUN
ajfa-810	86	10	theory	theory	NOUN
ajfa-810	86	11	is	be	AUX
ajfa-810	86	12	board	board	NOUN
ajfa-810	86	13	independence	independence	NOUN
ajfa-810	86	14	from	from	ADP
ajfa-810	86	15	the	the	DET
ajfa-810	86	16	management	management	NOUN
ajfa-810	86	17	(	(	PUNCT
ajfa-810	86	18	fama	fama	PROPN
ajfa-810	86	19	&	&	CCONJ
ajfa-810	86	20	jensen	jensen	PROPN
ajfa-810	86	21	,	,	PUNCT
ajfa-810	86	22	1983	1983	NUM
ajfa-810	86	23	)	)	PUNCT
ajfa-810	86	24	.	.	PUNCT
ajfa-810	87	1	corporate	corporate	ADJ
ajfa-810	87	2	governance	governance	NOUN
ajfa-810	87	3	literature	literature	NOUN
ajfa-810	87	4	suggests	suggest	VERB
ajfa-810	87	5	that	that	SCONJ
ajfa-810	87	6	board	board	NOUN
ajfa-810	87	7	independence	independence	NOUN
ajfa-810	87	8	could	could	AUX
ajfa-810	87	9	be	be	AUX
ajfa-810	87	10	achieved	achieve	VERB
ajfa-810	87	11	from	from	ADP
ajfa-810	87	12	separate	separate	ADJ
ajfa-810	87	13	leadership	leadership	NOUN
ajfa-810	87	14	structure	structure	NOUN
ajfa-810	87	15	.	.	PUNCT
ajfa-810	88	1	this	this	DET
ajfa-810	88	2	suggestion	suggestion	NOUN
ajfa-810	88	3	is	be	AUX
ajfa-810	88	4	also	also	ADV
ajfa-810	88	5	supported	support	VERB
ajfa-810	88	6	by	by	ADP
ajfa-810	88	7	empirical	empirical	ADJ
ajfa-810	88	8	findings	finding	NOUN
ajfa-810	88	9	of	of	ADP
ajfa-810	88	10	prior	prior	ADJ
ajfa-810	88	11	researchers	researcher	NOUN
ajfa-810	88	12	such	such	ADJ
ajfa-810	88	13	as	as	ADP
ajfa-810	88	14	gul	gul	PROPN
ajfa-810	88	15	and	and	CCONJ
ajfa-810	88	16	leung	leung	PROPN
ajfa-810	88	17	(	(	PUNCT
ajfa-810	88	18	2004	2004	NUM
ajfa-810	88	19	)	)	PUNCT
ajfa-810	88	20	,	,	PUNCT
ajfa-810	88	21	lakhal	lakhal	INTJ
ajfa-810	88	22	(	(	PUNCT
ajfa-810	88	23	2005	2005	NUM
ajfa-810	88	24	)	)	PUNCT
ajfa-810	88	25	,	,	PUNCT
ajfa-810	88	26	byard	byard	ADV
ajfa-810	88	27	et	et	PROPN
ajfa-810	88	28	al	al	PROPN
ajfa-810	88	29	.	.	PROPN
ajfa-810	89	1	(	(	PUNCT
ajfa-810	89	2	2006	2006	NUM
ajfa-810	89	3	)	)	PUNCT
ajfa-810	89	4	and	and	CCONJ
ajfa-810	89	5	huafang	huafang	PROPN
ajfa-810	89	6	and	and	CCONJ
ajfa-810	89	7	jianguo	jianguo	PROPN
ajfa-810	89	8	(	(	PUNCT
ajfa-810	89	9	2007	2007	NUM
ajfa-810	89	10	)	)	PUNCT
ajfa-810	89	11	since	since	SCONJ
ajfa-810	89	12	they	they	PRON
ajfa-810	89	13	find	find	VERB
ajfa-810	89	14	that	that	SCONJ
ajfa-810	89	15	there	there	PRON
ajfa-810	89	16	is	be	VERB
ajfa-810	89	17	a	a	DET
ajfa-810	89	18	positive	positive	ADJ
ajfa-810	89	19	relationship	relationship	NOUN
ajfa-810	89	20	between	between	ADP
ajfa-810	89	21	separate	separate	ADJ
ajfa-810	89	22	leadership	leadership	NOUN
ajfa-810	89	23	structure	structure	NOUN
ajfa-810	89	24	and	and	CCONJ
ajfa-810	89	25	disclosure	disclosure	NOUN
ajfa-810	89	26	.	.	PUNCT
ajfa-810	90	1	therefore	therefore	ADV
ajfa-810	90	2	,	,	PUNCT
ajfa-810	90	3	it	it	PRON
ajfa-810	90	4	is	be	AUX
ajfa-810	90	5	expected	expect	VERB
ajfa-810	90	6	that	that	SCONJ
ajfa-810	90	7	separate	separate	ADJ
ajfa-810	90	8	leadership	leadership	NOUN
ajfa-810	90	9	structure	structure	NOUN
ajfa-810	90	10	results	result	NOUN
ajfa-810	90	11	in	in	ADP
ajfa-810	90	12	higher	high	ADJ
ajfa-810	90	13	social	social	ADJ
ajfa-810	90	14	and	and	CCONJ
ajfa-810	90	15	environmental	environmental	ADJ
ajfa-810	90	16	disclosure	disclosure	NOUN
ajfa-810	90	17	and	and	CCONJ
ajfa-810	90	18	the	the	DET
ajfa-810	90	19	following	following	ADJ
ajfa-810	90	20	hypothesis	hypothesis	NOUN
ajfa-810	90	21	,	,	PUNCT
ajfa-810	90	22	in	in	ADP
ajfa-810	90	23	an	an	DET
ajfa-810	90	24	alternative	alternative	ADJ
ajfa-810	90	25	form	form	NOUN
ajfa-810	90	26	,	,	PUNCT
ajfa-810	90	27	is	be	AUX
ajfa-810	90	28	developed	develop	VERB
ajfa-810	90	29	.	.	PUNCT
ajfa-810	91	1	ha1	ha1	NOUN
ajfa-810	91	2	:	:	PUNCT
ajfa-810	91	3	social	social	ADJ
ajfa-810	91	4	and	and	CCONJ
ajfa-810	91	5	environmental	environmental	ADJ
ajfa-810	91	6	disclosure	disclosure	NOUN
ajfa-810	91	7	is	be	AUX
ajfa-810	91	8	positively	positively	ADV
ajfa-810	91	9	related	relate	VERB
ajfa-810	91	10	to	to	ADP
ajfa-810	91	11	separate	separate	ADJ
ajfa-810	91	12	leadership	leadership	NOUN
ajfa-810	91	13	structure	structure	NOUN
ajfa-810	91	14	.	.	PUNCT
ajfa-810	92	1	3.1.2	3.1.2	NUM
ajfa-810	92	2	board	board	NOUN
ajfa-810	92	3	composition	composition	NOUN
ajfa-810	92	4	several	several	ADJ
ajfa-810	92	5	researchers	researcher	NOUN
ajfa-810	92	6	based	base	VERB
ajfa-810	92	7	on	on	ADP
ajfa-810	92	8	the	the	DET
ajfa-810	92	9	agency	agency	NOUN
ajfa-810	92	10	theory	theory	NOUN
ajfa-810	92	11	highlight	highlight	VERB
ajfa-810	92	12	the	the	DET
ajfa-810	92	13	importance	importance	NOUN
ajfa-810	92	14	of	of	ADP
ajfa-810	92	15	board	board	NOUN
ajfa-810	92	16	independence	independence	NOUN
ajfa-810	92	17	.	.	PUNCT
ajfa-810	93	1	it	it	PRON
ajfa-810	93	2	has	have	AUX
ajfa-810	93	3	been	be	AUX
ajfa-810	93	4	well	well	ADV
ajfa-810	93	5	recognized	recognize	VERB
ajfa-810	93	6	by	by	ADP
ajfa-810	93	7	the	the	DET
ajfa-810	93	8	corporate	corporate	ADJ
ajfa-810	93	9	governance	governance	NOUN
ajfa-810	93	10	literature	literature	NOUN
ajfa-810	93	11	that	that	PRON
ajfa-810	93	12	higher	high	ADJ
ajfa-810	93	13	proportion	proportion	NOUN
ajfa-810	93	14	of	of	ADP
ajfa-810	93	15	independent	independent	ADJ
ajfa-810	93	16	non	non	ADJ
ajfa-810	93	17	-	-	ADJ
ajfa-810	93	18	executive	executive	ADJ
ajfa-810	93	19	directors	director	NOUN
ajfa-810	93	20	makes	make	VERB
ajfa-810	93	21	the	the	DET
ajfa-810	93	22	board	board	NOUN
ajfa-810	93	23	independent	independent	ADJ
ajfa-810	93	24	from	from	ADP
ajfa-810	93	25	the	the	DET
ajfa-810	93	26	management	management	NOUN
ajfa-810	93	27	(	(	PUNCT
ajfa-810	93	28	choe	choe	PROPN
ajfa-810	93	29	&	&	CCONJ
ajfa-810	93	30	lee	lee	PROPN
ajfa-810	93	31	,	,	PUNCT
ajfa-810	93	32	2003	2003	NUM
ajfa-810	93	33	;	;	PUNCT
ajfa-810	93	34	yatim	yatim	PROPN
ajfa-810	93	35	,	,	PUNCT
ajfa-810	93	36	kent	kent	PROPN
ajfa-810	93	37	&	&	CCONJ
ajfa-810	93	38	clarkson	clarkson	PROPN
ajfa-810	93	39	,	,	PUNCT
ajfa-810	93	40	2006	2006	NUM
ajfa-810	93	41	)	)	PUNCT
ajfa-810	93	42	.	.	PUNCT
ajfa-810	94	1	furthermore	furthermore	ADV
ajfa-810	94	2	,	,	PUNCT
ajfa-810	94	3	the	the	DET
ajfa-810	94	4	findings	finding	NOUN
ajfa-810	94	5	of	of	ADP
ajfa-810	94	6	prior	prior	ADJ
ajfa-810	94	7	researchers	researcher	NOUN
ajfa-810	94	8	are	be	AUX
ajfa-810	94	9	in	in	ADP
ajfa-810	94	10	line	line	NOUN
ajfa-810	94	11	with	with	ADP
ajfa-810	94	12	the	the	DET
ajfa-810	94	13	expectation	expectation	NOUN
ajfa-810	94	14	of	of	ADP
ajfa-810	94	15	agency	agency	NOUN
ajfa-810	94	16	theory	theory	NOUN
ajfa-810	94	17	,	,	PUNCT
ajfa-810	94	18	for	for	ADP
ajfa-810	94	19	instance	instance	NOUN
ajfa-810	94	20	,	,	PUNCT
ajfa-810	94	21	chen	chen	PROPN
ajfa-810	94	22	and	and	CCONJ
ajfa-810	94	23	jaggi	jaggi	PROPN
ajfa-810	94	24	(	(	PUNCT
ajfa-810	94	25	2000	2000	NUM
ajfa-810	94	26	)	)	PUNCT
ajfa-810	94	27	,	,	PUNCT
ajfa-810	94	28	gul	gul	PROPN
ajfa-810	94	29	and	and	CCONJ
ajfa-810	94	30	leung	leung	PROPN
ajfa-810	94	31	(	(	PUNCT
ajfa-810	94	32	2004	2004	NUM
ajfa-810	94	33	)	)	PUNCT
ajfa-810	94	34	,	,	PUNCT
ajfa-810	94	35	byard	byard	ADV
ajfa-810	94	36	et	et	PROPN
ajfa-810	94	37	al	al	PROPN
ajfa-810	94	38	.	.	PROPN
ajfa-810	95	1	(	(	PUNCT
ajfa-810	95	2	2006	2006	NUM
ajfa-810	95	3	)	)	PUNCT
ajfa-810	95	4	,	,	PUNCT
ajfa-810	95	5	and	and	CCONJ
ajfa-810	95	6	cheng	cheng	PROPN
ajfa-810	95	7	and	and	CCONJ
ajfa-810	95	8	courtenay	courtenay	PROPN
ajfa-810	95	9	(	(	PUNCT
ajfa-810	95	10	2006	2006	NUM
ajfa-810	95	11	)	)	PUNCT
ajfa-810	95	12	and	and	CCONJ
ajfa-810	95	13	norita	norita	PROPN
ajfa-810	95	14	and	and	CCONJ
ajfa-810	95	15	shamsul	shamsul	PROPN
ajfa-810	95	16	nahar	nahar	PROPN
ajfa-810	95	17	(	(	PUNCT
ajfa-810	95	18	2004	2004	NUM
ajfa-810	95	19	)	)	PUNCT
ajfa-810	95	20	.	.	PUNCT
ajfa-810	96	1	they	they	PRON
ajfa-810	96	2	find	find	VERB
ajfa-810	96	3	that	that	SCONJ
ajfa-810	96	4	higher	high	ADJ
ajfa-810	96	5	proportion	proportion	NOUN
ajfa-810	96	6	of	of	ADP
ajfa-810	96	7	independent	independent	ADJ
ajfa-810	96	8	directors	director	NOUN
ajfa-810	96	9	has	have	VERB
ajfa-810	96	10	positive	positive	ADJ
ajfa-810	96	11	impact	impact	NOUN
ajfa-810	96	12	on	on	ADP
ajfa-810	96	13	disclosure	disclosure	NOUN
ajfa-810	96	14	.	.	PUNCT
ajfa-810	97	1	therefore	therefore	ADV
ajfa-810	97	2	,	,	PUNCT
ajfa-810	97	3	the	the	DET
ajfa-810	97	4	researcher	researcher	NOUN
ajfa-810	97	5	expects	expect	VERB
ajfa-810	97	6	that	that	SCONJ
ajfa-810	97	7	higher	high	ADJ
ajfa-810	97	8	proportion	proportion	NOUN
ajfa-810	97	9	of	of	ADP
ajfa-810	97	10	independent	independent	ADJ
ajfa-810	97	11	non	non	ADJ
ajfa-810	97	12	-	-	ADJ
ajfa-810	97	13	executive	executive	ADJ
ajfa-810	97	14	directors	director	NOUN
ajfa-810	97	15	will	will	AUX
ajfa-810	97	16	contribute	contribute	VERB
ajfa-810	97	17	to	to	ADP
ajfa-810	97	18	higher	high	ADJ
ajfa-810	97	19	disclosure	disclosure	NOUN
ajfa-810	97	20	and	and	CCONJ
ajfa-810	97	21	the	the	DET
ajfa-810	97	22	following	following	ADJ
ajfa-810	97	23	hypothesis	hypothesis	NOUN
ajfa-810	97	24	,	,	PUNCT
ajfa-810	97	25	in	in	ADP
ajfa-810	97	26	an	an	DET
ajfa-810	97	27	alternative	alternative	ADJ
ajfa-810	97	28	form	form	NOUN
ajfa-810	97	29	,	,	PUNCT
ajfa-810	97	30	is	be	AUX
ajfa-810	97	31	developed	develop	VERB
ajfa-810	97	32	.	.	PUNCT
ajfa-810	98	1	ha2	ha2	PROPN
ajfa-810	98	2	:	:	PUNCT
ajfa-810	99	1	social	social	ADJ
ajfa-810	99	2	and	and	CCONJ
ajfa-810	99	3	environmental	environmental	ADJ
ajfa-810	99	4	disclosure	disclosure	NOUN
ajfa-810	99	5	is	be	AUX
ajfa-810	99	6	positively	positively	ADV
ajfa-810	99	7	related	relate	VERB
ajfa-810	99	8	to	to	ADP
ajfa-810	99	9	proportion	proportion	NOUN
ajfa-810	99	10	of	of	ADP
ajfa-810	99	11	independent	independent	ADJ
ajfa-810	99	12	non	non	ADJ
ajfa-810	99	13	-	-	ADJ
ajfa-810	99	14	executive	executive	ADJ
ajfa-810	99	15	directors	director	NOUN
ajfa-810	99	16	on	on	ADP
ajfa-810	99	17	the	the	DET
ajfa-810	99	18	board	board	NOUN
ajfa-810	99	19	.	.	PUNCT
ajfa-810	100	1	3.1.3	3.1.3	NUM
ajfa-810	100	2	board	board	NOUN
ajfa-810	100	3	size	size	NOUN
ajfa-810	100	4	as	as	SCONJ
ajfa-810	100	5	explained	explain	VERB
ajfa-810	100	6	earlier	early	ADV
ajfa-810	100	7	,	,	PUNCT
ajfa-810	100	8	agency	agency	NOUN
ajfa-810	100	9	theory	theory	NOUN
ajfa-810	100	10	foresees	foresee	VERB
ajfa-810	100	11	the	the	DET
ajfa-810	100	12	problems	problem	NOUN
ajfa-810	100	13	that	that	PRON
ajfa-810	100	14	could	could	AUX
ajfa-810	100	15	arise	arise	VERB
ajfa-810	100	16	due	due	ADP
ajfa-810	100	17	to	to	ADP
ajfa-810	100	18	the	the	DET
ajfa-810	100	19	separation	separation	NOUN
ajfa-810	100	20	of	of	ADP
ajfa-810	100	21	ownership	ownership	NOUN
ajfa-810	100	22	and	and	CCONJ
ajfa-810	100	23	management	management	NOUN
ajfa-810	100	24	.	.	PUNCT
ajfa-810	101	1	in	in	ADP
ajfa-810	101	2	order	order	NOUN
ajfa-810	101	3	to	to	PART
ajfa-810	101	4	reduce	reduce	VERB
ajfa-810	101	5	the	the	DET
ajfa-810	101	6	problems	problem	NOUN
ajfa-810	101	7	between	between	ADP
ajfa-810	101	8	them	they	PRON
ajfa-810	101	9	,	,	PUNCT
ajfa-810	101	10	the	the	DET
ajfa-810	101	11	board	board	NOUN
ajfa-810	101	12	,	,	PUNCT
ajfa-810	101	13	as	as	ADP
ajfa-810	101	14	a	a	DET
ajfa-810	101	15	middle	middle	ADJ
ajfa-810	101	16	person	person	NOUN
ajfa-810	101	17	,	,	PUNCT
ajfa-810	101	18	should	should	AUX
ajfa-810	101	19	be	be	AUX
ajfa-810	101	20	independent	independent	ADJ
ajfa-810	101	21	from	from	ADP
ajfa-810	101	22	the	the	DET
ajfa-810	101	23	management	management	NOUN
ajfa-810	101	24	so	so	SCONJ
ajfa-810	101	25	that	that	SCONJ
ajfa-810	101	26	the	the	DET
ajfa-810	101	27	board	board	NOUN
ajfa-810	101	28	could	could	AUX
ajfa-810	101	29	be	be	AUX
ajfa-810	101	30	able	able	ADJ
ajfa-810	101	31	to	to	PART
ajfa-810	101	32	monitor	monitor	VERB
ajfa-810	101	33	the	the	DET
ajfa-810	101	34	management	management	NOUN
ajfa-810	101	35	effectively	effectively	ADV
ajfa-810	101	36	which	which	PRON
ajfa-810	101	37	is	be	AUX
ajfa-810	101	38	in	in	ADP
ajfa-810	101	39	line	line	NOUN
ajfa-810	101	40	with	with	ADP
ajfa-810	101	41	the	the	DET
ajfa-810	101	42	interest	interest	NOUN
ajfa-810	101	43	of	of	ADP
ajfa-810	101	44	the	the	DET
ajfa-810	101	45	shareholders	shareholder	NOUN
ajfa-810	101	46	.	.	PUNCT
ajfa-810	102	1	several	several	ADJ
ajfa-810	102	2	researchers	researcher	NOUN
ajfa-810	102	3	such	such	ADJ
ajfa-810	102	4	as	as	ADP
ajfa-810	102	5	mak	mak	PROPN
ajfa-810	102	6	and	and	CCONJ
ajfa-810	102	7	li	li	PROPN
ajfa-810	102	8	(	(	PUNCT
ajfa-810	102	9	2001	2001	NUM
ajfa-810	102	10	)	)	PUNCT
ajfa-810	102	11	,	,	PUNCT
ajfa-810	102	12	yoshikawa	yoshikawa	PROPN
ajfa-810	102	13	and	and	CCONJ
ajfa-810	102	14	phan	phan	PROPN
ajfa-810	102	15	(	(	PUNCT
ajfa-810	102	16	2003	2003	NUM
ajfa-810	102	17	)	)	PUNCT
ajfa-810	102	18	,	,	PUNCT
ajfa-810	102	19	yatim	yatim	PROPN
ajfa-810	102	20	et	et	PROPN
ajfa-810	102	21	al	al	PROPN
ajfa-810	102	22	.	.	PROPN
ajfa-810	102	23	(	(	PUNCT
ajfa-810	102	24	2006	2006	NUM
ajfa-810	102	25	)	)	PUNCT
ajfa-810	102	26	and	and	CCONJ
ajfa-810	102	27	khanchel	khanchel	PROPN
ajfa-810	102	28	(	(	PUNCT
ajfa-810	102	29	2007	2007	NUM
ajfa-810	102	30	)	)	PUNCT
ajfa-810	102	31	collectively	collectively	ADV
ajfa-810	102	32	agree	agree	VERB
ajfa-810	102	33	that	that	SCONJ
ajfa-810	102	34	in	in	ADP
ajfa-810	102	35	order	order	NOUN
ajfa-810	102	36	for	for	SCONJ
ajfa-810	102	37	the	the	DET
ajfa-810	102	38	board	board	NOUN
ajfa-810	102	39	to	to	PART
ajfa-810	102	40	be	be	AUX
ajfa-810	102	41	free	free	ADJ
ajfa-810	102	42	from	from	ADP
ajfa-810	102	43	the	the	DET
ajfa-810	102	44	management	management	NOUN
ajfa-810	102	45	,	,	PUNCT
ajfa-810	102	46	especially	especially	ADV
ajfa-810	102	47	from	from	ADP
ajfa-810	102	48	the	the	DET
ajfa-810	102	49	ceo	ceo	NOUN
ajfa-810	102	50	,	,	PUNCT
ajfa-810	102	51	and	and	CCONJ
ajfa-810	102	52	to	to	PART
ajfa-810	102	53	effectively	effectively	ADV
ajfa-810	102	54	control	control	VERB
ajfa-810	102	55	the	the	DET
ajfa-810	102	56	ceo	ceo	NOUN
ajfa-810	102	57	,	,	PUNCT
ajfa-810	102	58	board	board	NOUN
ajfa-810	102	59	size	size	NOUN
ajfa-810	102	60	should	should	AUX
ajfa-810	102	61	be	be	AUX
ajfa-810	102	62	small	small	ADJ
ajfa-810	102	63	due	due	ADJ
ajfa-810	102	64	to	to	ADP
ajfa-810	102	65	difficulties	difficulty	NOUN
ajfa-810	102	66	in	in	ADP
ajfa-810	102	67	organizing	organize	VERB
ajfa-810	102	68	and	and	CCONJ
ajfa-810	102	69	coordinating	coordinate	VERB
ajfa-810	102	70	large	large	ADJ
ajfa-810	102	71	group	group	NOUN
ajfa-810	102	72	of	of	ADP
ajfa-810	102	73	directors	director	NOUN
ajfa-810	102	74	.	.	PUNCT
ajfa-810	103	1	the	the	DET
ajfa-810	103	2	finding	finding	NOUN
ajfa-810	103	3	of	of	ADP
ajfa-810	103	4	byard	byard	ADV
ajfa-810	103	5	et	et	PROPN
ajfa-810	103	6	al	al	PROPN
ajfa-810	103	7	.	.	PROPN
ajfa-810	103	8	(	(	PUNCT
ajfa-810	103	9	2006	2006	NUM
ajfa-810	103	10	)	)	PUNCT
ajfa-810	103	11	is	be	AUX
ajfa-810	103	12	in	in	ADP
ajfa-810	103	13	line	line	NOUN
ajfa-810	103	14	with	with	ADP
ajfa-810	103	15	theoretical	theoretical	ADJ
ajfa-810	103	16	expectation	expectation	NOUN
ajfa-810	103	17	since	since	SCONJ
ajfa-810	103	18	their	their	PRON
ajfa-810	103	19	study	study	NOUN
ajfa-810	103	20	of	of	ADP
ajfa-810	103	21	1279	1279	NUM
ajfa-810	103	22	firms	firm	NOUN
ajfa-810	103	23	over	over	ADP
ajfa-810	103	24	the	the	DET
ajfa-810	103	25	years	year	NOUN
ajfa-810	103	26	2000	2000	NUM
ajfa-810	103	27	to	to	ADP
ajfa-810	103	28	2002	2002	NUM
ajfa-810	103	29	shows	show	VERB
ajfa-810	103	30	that	that	SCONJ
ajfa-810	103	31	analyst	analyst	NOUN
ajfa-810	103	32	forecast	forecast	NOUN
ajfa-810	103	33	accuracy	accuracy	NOUN
ajfa-810	103	34	based	base	VERB
ajfa-810	103	35	on	on	ADP
ajfa-810	103	36	the	the	DET
ajfa-810	103	37	financial	financial	ADJ
ajfa-810	103	38	disclosure	disclosure	NOUN
ajfa-810	103	39	decreases	decrease	VERB
ajfa-810	103	40	with	with	ADP
ajfa-810	103	41	board	board	NOUN
ajfa-810	103	42	size	size	NOUN
ajfa-810	103	43	.	.	PUNCT
ajfa-810	104	1	therefore	therefore	ADV
ajfa-810	104	2	,	,	PUNCT
ajfa-810	104	3	it	it	PRON
ajfa-810	104	4	could	could	AUX
ajfa-810	104	5	be	be	AUX
ajfa-810	104	6	expected	expect	VERB
ajfa-810	104	7	that	that	SCONJ
ajfa-810	104	8	smaller	small	ADJ
ajfa-810	104	9	board	board	NOUN
ajfa-810	104	10	size	size	NOUN
ajfa-810	104	11	will	will	AUX
ajfa-810	104	12	result	result	VERB
ajfa-810	104	13	in	in	ADP
ajfa-810	104	14	better	well	ADJ
ajfa-810	104	15	disclosure	disclosure	NOUN
ajfa-810	104	16	and	and	CCONJ
ajfa-810	104	17	the	the	DET
ajfa-810	104	18	following	following	ADJ
ajfa-810	104	19	hypothesis	hypothesis	NOUN
ajfa-810	104	20	,	,	PUNCT
ajfa-810	104	21	in	in	ADP
ajfa-810	104	22	an	an	DET
ajfa-810	104	23	alternative	alternative	ADJ
ajfa-810	104	24	form	form	NOUN
ajfa-810	104	25	,	,	PUNCT
ajfa-810	104	26	is	be	AUX
ajfa-810	104	27	developed	develop	VERB
ajfa-810	104	28	.	.	PUNCT
ajfa-810	105	1	asian	asian	ADJ
ajfa-810	105	2	journal	journal	PROPN
ajfa-810	105	3	of	of	ADP
ajfa-810	105	4	finance	finance	PROPN
ajfa-810	105	5	&	&	CCONJ
ajfa-810	105	6	accounting	accounting	PROPN
ajfa-810	105	7	issn	issn	PROPN
ajfa-810	105	8	1946	1946	NUM
ajfa-810	105	9	-	-	PUNCT
ajfa-810	105	10	052x	052x	NOUN
ajfa-810	105	11	2012	2012	NUM
ajfa-810	105	12	,	,	PUNCT
ajfa-810	105	13	vol	vol	NOUN
ajfa-810	105	14	.	.	PROPN
ajfa-810	105	15	4	4	NUM
ajfa-810	105	16	,	,	PUNCT
ajfa-810	105	17	no	no	INTJ
ajfa-810	105	18	.	.	NOUN
ajfa-810	105	19	1	1	NUM
ajfa-810	105	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-810	105	21	8	8	NUM
ajfa-810	105	22	ha3	ha3	ADJ
ajfa-810	105	23	:	:	PUNCT
ajfa-810	105	24	social	social	ADJ
ajfa-810	105	25	and	and	CCONJ
ajfa-810	105	26	environmental	environmental	ADJ
ajfa-810	105	27	disclosure	disclosure	NOUN
ajfa-810	105	28	is	be	AUX
ajfa-810	105	29	negatively	negatively	ADV
ajfa-810	105	30	related	relate	VERB
ajfa-810	105	31	to	to	ADP
ajfa-810	105	32	board	board	NOUN
ajfa-810	105	33	size	size	NOUN
ajfa-810	105	34	.	.	PUNCT
ajfa-810	106	1	3.1.4	3.1.4	NUM
ajfa-810	106	2	ownership	ownership	NOUN
ajfa-810	106	3	corporate	corporate	ADJ
ajfa-810	106	4	governance	governance	NOUN
ajfa-810	106	5	literature	literature	NOUN
ajfa-810	106	6	highlights	highlight	VERB
ajfa-810	106	7	the	the	DET
ajfa-810	106	8	important	important	ADJ
ajfa-810	106	9	role	role	NOUN
ajfa-810	106	10	of	of	ADP
ajfa-810	106	11	ownership	ownership	NOUN
ajfa-810	106	12	on	on	ADP
ajfa-810	106	13	the	the	DET
ajfa-810	106	14	disclosure	disclosure	NOUN
ajfa-810	106	15	.	.	PUNCT
ajfa-810	107	1	if	if	SCONJ
ajfa-810	107	2	the	the	DET
ajfa-810	107	3	directors	director	NOUN
ajfa-810	107	4	hold	hold	VERB
ajfa-810	107	5	the	the	DET
ajfa-810	107	6	shares	share	NOUN
ajfa-810	107	7	,	,	PUNCT
ajfa-810	107	8	they	they	PRON
ajfa-810	107	9	might	might	AUX
ajfa-810	107	10	not	not	PART
ajfa-810	107	11	want	want	VERB
ajfa-810	107	12	to	to	PART
ajfa-810	107	13	disclose	disclose	VERB
ajfa-810	107	14	all	all	DET
ajfa-810	107	15	the	the	DET
ajfa-810	107	16	material	material	ADJ
ajfa-810	107	17	information	information	NOUN
ajfa-810	107	18	to	to	ADP
ajfa-810	107	19	the	the	DET
ajfa-810	107	20	outsiders	outsider	NOUN
ajfa-810	107	21	since	since	SCONJ
ajfa-810	107	22	they	they	PRON
ajfa-810	107	23	would	would	AUX
ajfa-810	107	24	like	like	VERB
ajfa-810	107	25	to	to	PART
ajfa-810	107	26	channel	channel	VERB
ajfa-810	107	27	the	the	DET
ajfa-810	107	28	benefits	benefit	NOUN
ajfa-810	107	29	of	of	ADP
ajfa-810	107	30	the	the	DET
ajfa-810	107	31	firms	firm	NOUN
ajfa-810	107	32	for	for	ADP
ajfa-810	107	33	themselves	themselves	PRON
ajfa-810	107	34	,	,	PUNCT
ajfa-810	107	35	not	not	PART
ajfa-810	107	36	to	to	ADP
ajfa-810	107	37	the	the	DET
ajfa-810	107	38	outside	outside	ADJ
ajfa-810	107	39	shareholders	shareholder	NOUN
ajfa-810	107	40	and	and	CCONJ
ajfa-810	107	41	they	they	PRON
ajfa-810	107	42	might	might	AUX
ajfa-810	107	43	conceal	conceal	VERB
ajfa-810	107	44	some	some	DET
ajfa-810	107	45	fraud	fraud	NOUN
ajfa-810	107	46	transactions	transaction	NOUN
ajfa-810	107	47	.	.	PUNCT
ajfa-810	108	1	hence	hence	ADV
ajfa-810	108	2	,	,	PUNCT
ajfa-810	108	3	it	it	PRON
ajfa-810	108	4	could	could	AUX
ajfa-810	108	5	be	be	AUX
ajfa-810	108	6	expected	expect	VERB
ajfa-810	108	7	that	that	SCONJ
ajfa-810	108	8	higher	high	ADJ
ajfa-810	108	9	proportion	proportion	NOUN
ajfa-810	108	10	of	of	ADP
ajfa-810	108	11	director	director	NOUN
ajfa-810	108	12	ownership	ownership	NOUN
ajfa-810	108	13	results	result	NOUN
ajfa-810	108	14	in	in	ADP
ajfa-810	108	15	lower	low	ADJ
ajfa-810	108	16	level	level	NOUN
ajfa-810	108	17	of	of	ADP
ajfa-810	108	18	disclosure	disclosure	NOUN
ajfa-810	108	19	.	.	PUNCT
ajfa-810	109	1	the	the	DET
ajfa-810	109	2	above	above	ADJ
ajfa-810	109	3	expectation	expectation	NOUN
ajfa-810	109	4	is	be	AUX
ajfa-810	109	5	supported	support	VERB
ajfa-810	109	6	by	by	ADP
ajfa-810	109	7	chau	chau	NOUN
ajfa-810	109	8	and	and	CCONJ
ajfa-810	109	9	gray	gray	ADJ
ajfa-810	109	10	(	(	PUNCT
ajfa-810	109	11	2002	2002	NUM
ajfa-810	109	12	)	)	PUNCT
ajfa-810	109	13	,	,	PUNCT
ajfa-810	109	14	eng	eng	PROPN
ajfa-810	109	15	and	and	CCONJ
ajfa-810	109	16	mak	mak	PROPN
ajfa-810	109	17	(	(	PUNCT
ajfa-810	109	18	2003	2003	NUM
ajfa-810	109	19	)	)	PUNCT
ajfa-810	109	20	,	,	PUNCT
ajfa-810	109	21	and	and	CCONJ
ajfa-810	109	22	leung	leung	PROPN
ajfa-810	109	23	and	and	CCONJ
ajfa-810	109	24	horwitz	horwitz	PROPN
ajfa-810	109	25	(	(	PUNCT
ajfa-810	109	26	2004	2004	NUM
ajfa-810	109	27	)	)	PUNCT
ajfa-810	109	28	since	since	SCONJ
ajfa-810	109	29	they	they	PRON
ajfa-810	109	30	find	find	VERB
ajfa-810	109	31	that	that	SCONJ
ajfa-810	109	32	there	there	PRON
ajfa-810	109	33	is	be	VERB
ajfa-810	109	34	a	a	DET
ajfa-810	109	35	negative	negative	ADJ
ajfa-810	109	36	relationship	relationship	NOUN
ajfa-810	109	37	between	between	ADP
ajfa-810	109	38	director	director	NOUN
ajfa-810	109	39	ownership	ownership	NOUN
ajfa-810	109	40	and	and	CCONJ
ajfa-810	109	41	disclosure	disclosure	NOUN
ajfa-810	109	42	.	.	PUNCT
ajfa-810	110	1	therefore	therefore	ADV
ajfa-810	110	2	,	,	PUNCT
ajfa-810	110	3	the	the	DET
ajfa-810	110	4	following	follow	VERB
ajfa-810	110	5	hypothesis	hypothesis	NOUN
ajfa-810	110	6	,	,	PUNCT
ajfa-810	110	7	in	in	ADP
ajfa-810	110	8	an	an	DET
ajfa-810	110	9	alternative	alternative	ADJ
ajfa-810	110	10	form	form	NOUN
ajfa-810	110	11	,	,	PUNCT
ajfa-810	110	12	is	be	AUX
ajfa-810	110	13	developed	develop	VERB
ajfa-810	110	14	.	.	PUNCT
ajfa-810	111	1	ha4	ha4	NOUN
ajfa-810	111	2	:	:	PUNCT
ajfa-810	112	1	social	social	ADJ
ajfa-810	112	2	and	and	CCONJ
ajfa-810	112	3	environmental	environmental	ADJ
ajfa-810	112	4	disclosure	disclosure	NOUN
ajfa-810	112	5	is	be	AUX
ajfa-810	112	6	negatively	negatively	ADV
ajfa-810	112	7	related	relate	VERB
ajfa-810	112	8	to	to	ADP
ajfa-810	112	9	director	director	NOUN
ajfa-810	112	10	ownership	ownership	NOUN
ajfa-810	112	11	.	.	PUNCT
ajfa-810	113	1	on	on	ADP
ajfa-810	113	2	the	the	DET
ajfa-810	113	3	contrary	contrary	NOUN
ajfa-810	113	4	,	,	PUNCT
ajfa-810	113	5	in	in	ADP
ajfa-810	113	6	the	the	DET
ajfa-810	113	7	case	case	NOUN
ajfa-810	113	8	of	of	ADP
ajfa-810	113	9	institutional	institutional	ADJ
ajfa-810	113	10	and	and	CCONJ
ajfa-810	113	11	block	block	NOUN
ajfa-810	113	12	ownership	ownership	NOUN
ajfa-810	113	13	,	,	PUNCT
ajfa-810	113	14	they	they	PRON
ajfa-810	113	15	might	might	AUX
ajfa-810	113	16	put	put	VERB
ajfa-810	113	17	the	the	DET
ajfa-810	113	18	pressure	pressure	NOUN
ajfa-810	113	19	on	on	ADP
ajfa-810	113	20	the	the	DET
ajfa-810	113	21	management	management	NOUN
ajfa-810	113	22	to	to	PART
ajfa-810	113	23	disclose	disclose	VERB
ajfa-810	113	24	all	all	DET
ajfa-810	113	25	the	the	DET
ajfa-810	113	26	material	material	NOUN
ajfa-810	113	27	information	information	NOUN
ajfa-810	113	28	.	.	PUNCT
ajfa-810	114	1	it	it	PRON
ajfa-810	114	2	is	be	AUX
ajfa-810	114	3	because	because	SCONJ
ajfa-810	114	4	disclosure	disclosure	NOUN
ajfa-810	114	5	is	be	AUX
ajfa-810	114	6	one	one	NUM
ajfa-810	114	7	of	of	ADP
ajfa-810	114	8	the	the	DET
ajfa-810	114	9	best	good	ADJ
ajfa-810	114	10	ways	way	NOUN
ajfa-810	114	11	to	to	PART
ajfa-810	114	12	find	find	VERB
ajfa-810	114	13	out	out	ADP
ajfa-810	114	14	whether	whether	SCONJ
ajfa-810	114	15	the	the	DET
ajfa-810	114	16	performance	performance	NOUN
ajfa-810	114	17	of	of	ADP
ajfa-810	114	18	the	the	DET
ajfa-810	114	19	management	management	NOUN
ajfa-810	114	20	meets	meet	VERB
ajfa-810	114	21	their	their	PRON
ajfa-810	114	22	expectations	expectation	NOUN
ajfa-810	114	23	,	,	PUNCT
ajfa-810	114	24	for	for	ADP
ajfa-810	114	25	example	example	NOUN
ajfa-810	114	26	,	,	PUNCT
ajfa-810	114	27	in	in	ADP
ajfa-810	114	28	terms	term	NOUN
ajfa-810	114	29	of	of	ADP
ajfa-810	114	30	profitability	profitability	NOUN
ajfa-810	114	31	and	and	CCONJ
ajfa-810	114	32	risk	risk	NOUN
ajfa-810	114	33	management	management	NOUN
ajfa-810	114	34	.	.	PUNCT
ajfa-810	115	1	from	from	ADP
ajfa-810	115	2	the	the	DET
ajfa-810	115	3	agency	agency	NOUN
ajfa-810	115	4	theory	theory	NOUN
ajfa-810	115	5	,	,	PUNCT
ajfa-810	115	6	it	it	PRON
ajfa-810	115	7	also	also	ADV
ajfa-810	115	8	could	could	AUX
ajfa-810	115	9	be	be	AUX
ajfa-810	115	10	derived	derive	VERB
ajfa-810	115	11	that	that	SCONJ
ajfa-810	115	12	since	since	SCONJ
ajfa-810	115	13	institutional	institutional	ADJ
ajfa-810	115	14	shareholders	shareholder	NOUN
ajfa-810	115	15	and	and	CCONJ
ajfa-810	115	16	block	block	NOUN
ajfa-810	115	17	holders	holder	NOUN
ajfa-810	115	18	have	have	VERB
ajfa-810	115	19	higher	high	ADJ
ajfa-810	115	20	proportion	proportion	NOUN
ajfa-810	115	21	of	of	ADP
ajfa-810	115	22	ownership	ownership	NOUN
ajfa-810	115	23	interest	interest	NOUN
ajfa-810	115	24	,	,	PUNCT
ajfa-810	115	25	they	they	PRON
ajfa-810	115	26	might	might	AUX
ajfa-810	115	27	be	be	AUX
ajfa-810	115	28	more	more	ADV
ajfa-810	115	29	interested	interested	ADJ
ajfa-810	115	30	to	to	PART
ajfa-810	115	31	monitor	monitor	VERB
ajfa-810	115	32	the	the	DET
ajfa-810	115	33	firms	firm	NOUN
ajfa-810	115	34	for	for	ADP
ajfa-810	115	35	better	well	ADJ
ajfa-810	115	36	disclosure	disclosure	NOUN
ajfa-810	115	37	in	in	ADP
ajfa-810	115	38	order	order	NOUN
ajfa-810	115	39	for	for	SCONJ
ajfa-810	115	40	them	they	PRON
ajfa-810	115	41	to	to	PART
ajfa-810	115	42	make	make	VERB
ajfa-810	115	43	the	the	DET
ajfa-810	115	44	economic	economic	ADJ
ajfa-810	115	45	decisions	decision	NOUN
ajfa-810	115	46	as	as	ADV
ajfa-810	115	47	well	well	ADV
ajfa-810	115	48	as	as	ADP
ajfa-810	115	49	to	to	PART
ajfa-810	115	50	discipline	discipline	VERB
ajfa-810	115	51	poorly	poorly	ADV
ajfa-810	115	52	performing	perform	VERB
ajfa-810	115	53	management	management	NOUN
ajfa-810	115	54	(	(	PUNCT
ajfa-810	115	55	kang	kang	PROPN
ajfa-810	115	56	&	&	CCONJ
ajfa-810	115	57	sorensen	sorensen	PROPN
ajfa-810	115	58	,	,	PUNCT
ajfa-810	115	59	1999	1999	NUM
ajfa-810	115	60	;	;	PUNCT
ajfa-810	115	61	kim	kim	PROPN
ajfa-810	115	62	&	&	CCONJ
ajfa-810	115	63	nofsinger	nofsinger	PROPN
ajfa-810	115	64	,	,	PUNCT
ajfa-810	115	65	2004	2004	NUM
ajfa-810	115	66	;	;	PUNCT
ajfa-810	115	67	birt	birt	PROPN
ajfa-810	115	68	,	,	PUNCT
ajfa-810	115	69	bilson	bilson	PROPN
ajfa-810	115	70	,	,	PUNCT
ajfa-810	115	71	smith	smith	PROPN
ajfa-810	115	72	and	and	CCONJ
ajfa-810	115	73	whaley	whaley	NOUN
ajfa-810	115	74	,	,	PUNCT
ajfa-810	115	75	2006	2006	NUM
ajfa-810	115	76	)	)	PUNCT
ajfa-810	115	77	.	.	PUNCT
ajfa-810	116	1	this	this	DET
ajfa-810	116	2	theoretical	theoretical	ADJ
ajfa-810	116	3	expectation	expectation	NOUN
ajfa-810	116	4	,	,	PUNCT
ajfa-810	116	5	i.e.	i.e.	X
ajfa-810	116	6	higher	high	ADJ
ajfa-810	116	7	institutional	institutional	ADJ
ajfa-810	116	8	or	or	CCONJ
ajfa-810	116	9	block	block	NOUN
ajfa-810	116	10	ownership	ownership	NOUN
ajfa-810	116	11	has	have	VERB
ajfa-810	116	12	a	a	DET
ajfa-810	116	13	positive	positive	ADJ
ajfa-810	116	14	impact	impact	NOUN
ajfa-810	116	15	on	on	ADP
ajfa-810	116	16	disclosure	disclosure	NOUN
ajfa-810	116	17	,	,	PUNCT
ajfa-810	116	18	is	be	AUX
ajfa-810	116	19	supported	support	VERB
ajfa-810	116	20	by	by	ADP
ajfa-810	116	21	the	the	DET
ajfa-810	116	22	findings	finding	NOUN
ajfa-810	116	23	of	of	ADP
ajfa-810	116	24	eng	eng	PROPN
ajfa-810	116	25	and	and	CCONJ
ajfa-810	116	26	mak	mak	PROPN
ajfa-810	116	27	(	(	PUNCT
ajfa-810	116	28	2003	2003	NUM
ajfa-810	116	29	)	)	PUNCT
ajfa-810	116	30	,	,	PUNCT
ajfa-810	116	31	and	and	CCONJ
ajfa-810	116	32	lakhal	lakhal	INTJ
ajfa-810	116	33	(	(	PUNCT
ajfa-810	116	34	2005	2005	NUM
ajfa-810	116	35	)	)	PUNCT
ajfa-810	116	36	,	,	PUNCT
ajfa-810	116	37	whereby	whereby	SCONJ
ajfa-810	116	38	eng	eng	PROPN
ajfa-810	116	39	and	and	CCONJ
ajfa-810	116	40	mak	mak	PROPN
ajfa-810	116	41	(	(	PUNCT
ajfa-810	116	42	2003	2003	NUM
ajfa-810	116	43	)	)	PUNCT
ajfa-810	116	44	use	use	VERB
ajfa-810	116	45	government	government	NOUN
ajfa-810	116	46	ownership	ownership	NOUN
ajfa-810	116	47	as	as	ADP
ajfa-810	116	48	a	a	DET
ajfa-810	116	49	proxy	proxy	NOUN
ajfa-810	116	50	for	for	ADP
ajfa-810	116	51	institutional	institutional	ADJ
ajfa-810	116	52	shareholder	shareholder	NOUN
ajfa-810	116	53	and	and	CCONJ
ajfa-810	116	54	lakhal	lakhal	NOUN
ajfa-810	116	55	(	(	PUNCT
ajfa-810	116	56	2005	2005	NUM
ajfa-810	116	57	)	)	PUNCT
ajfa-810	116	58	uses	use	VERB
ajfa-810	116	59	the	the	DET
ajfa-810	116	60	foreign	foreign	ADJ
ajfa-810	116	61	institutional	institutional	ADJ
ajfa-810	116	62	investor	investor	NOUN
ajfa-810	116	63	's	's	PART
ajfa-810	116	64	ownership	ownership	NOUN
ajfa-810	116	65	as	as	ADP
ajfa-810	116	66	the	the	DET
ajfa-810	116	67	proxy	proxy	NOUN
ajfa-810	116	68	.	.	PUNCT
ajfa-810	117	1	in	in	ADP
ajfa-810	117	2	the	the	DET
ajfa-810	117	3	case	case	NOUN
ajfa-810	117	4	of	of	ADP
ajfa-810	117	5	block	block	NOUN
ajfa-810	117	6	ownership	ownership	NOUN
ajfa-810	117	7	,	,	PUNCT
ajfa-810	117	8	chau	chau	NOUN
ajfa-810	117	9	and	and	CCONJ
ajfa-810	117	10	gray	gray	ADJ
ajfa-810	117	11	(	(	PUNCT
ajfa-810	117	12	2002	2002	NUM
ajfa-810	117	13	)	)	PUNCT
ajfa-810	117	14	,	,	PUNCT
ajfa-810	117	15	luo	luo	PROPN
ajfa-810	117	16	et	et	PROPN
ajfa-810	117	17	al	al	PROPN
ajfa-810	117	18	.	.	PROPN
ajfa-810	117	19	(	(	PUNCT
ajfa-810	117	20	2006	2006	NUM
ajfa-810	117	21	)	)	PUNCT
ajfa-810	117	22	,	,	PUNCT
ajfa-810	117	23	huafang	huafang	PROPN
ajfa-810	117	24	and	and	CCONJ
ajfa-810	117	25	jianguo	jianguo	PROPN
ajfa-810	117	26	(	(	PUNCT
ajfa-810	117	27	2007	2007	NUM
ajfa-810	117	28	)	)	PUNCT
ajfa-810	117	29	and	and	CCONJ
ajfa-810	117	30	norita	norita	PROPN
ajfa-810	117	31	and	and	CCONJ
ajfa-810	117	32	shamsul	shamsul	PROPN
ajfa-810	117	33	nahar	nahar	PROPN
ajfa-810	117	34	(	(	PUNCT
ajfa-810	117	35	2004	2004	NUM
ajfa-810	117	36	)	)	PUNCT
ajfa-810	117	37	find	find	VERB
ajfa-810	117	38	that	that	DET
ajfa-810	117	39	extent	extent	NOUN
ajfa-810	117	40	of	of	ADP
ajfa-810	117	41	outside	outside	ADJ
ajfa-810	117	42	block	block	NOUN
ajfa-810	117	43	ownership	ownership	NOUN
ajfa-810	117	44	is	be	AUX
ajfa-810	117	45	positively	positively	ADV
ajfa-810	117	46	associated	associate	VERB
ajfa-810	117	47	with	with	ADP
ajfa-810	117	48	voluntary	voluntary	ADJ
ajfa-810	117	49	disclosures	disclosure	NOUN
ajfa-810	117	50	and	and	CCONJ
ajfa-810	117	51	hence	hence	ADV
ajfa-810	117	52	their	their	PRON
ajfa-810	117	53	finding	finding	NOUN
ajfa-810	117	54	is	be	AUX
ajfa-810	117	55	in	in	ADP
ajfa-810	117	56	line	line	NOUN
ajfa-810	117	57	with	with	ADP
ajfa-810	117	58	theoretical	theoretical	ADJ
ajfa-810	117	59	expectation	expectation	NOUN
ajfa-810	117	60	.	.	PUNCT
ajfa-810	118	1	therefore	therefore	ADV
ajfa-810	118	2	,	,	PUNCT
ajfa-810	118	3	the	the	DET
ajfa-810	118	4	following	follow	VERB
ajfa-810	118	5	hypotheses	hypothesis	NOUN
ajfa-810	118	6	,	,	PUNCT
ajfa-810	118	7	in	in	ADP
ajfa-810	118	8	an	an	DET
ajfa-810	118	9	alternative	alternative	ADJ
ajfa-810	118	10	form	form	NOUN
ajfa-810	118	11	,	,	PUNCT
ajfa-810	118	12	are	be	AUX
ajfa-810	118	13	developed	develop	VERB
ajfa-810	118	14	.	.	PUNCT
ajfa-810	119	1	they	they	PRON
ajfa-810	119	2	are	be	AUX
ajfa-810	119	3	:	:	PUNCT
ajfa-810	119	4	ha5	ha5	ADJ
ajfa-810	119	5	:	:	PUNCT
ajfa-810	119	6	social	social	ADJ
ajfa-810	119	7	and	and	CCONJ
ajfa-810	119	8	environmental	environmental	ADJ
ajfa-810	119	9	disclosure	disclosure	NOUN
ajfa-810	119	10	is	be	AUX
ajfa-810	119	11	positively	positively	ADV
ajfa-810	119	12	related	relate	VERB
ajfa-810	119	13	to	to	PART
ajfa-810	119	14	block	block	NOUN
ajfa-810	119	15	ownership	ownership	NOUN
ajfa-810	119	16	.	.	PUNCT
ajfa-810	120	1	ha6	ha6	NOUN
ajfa-810	120	2	:	:	PUNCT
ajfa-810	121	1	social	social	ADJ
ajfa-810	121	2	and	and	CCONJ
ajfa-810	121	3	environmental	environmental	ADJ
ajfa-810	121	4	disclosure	disclosure	NOUN
ajfa-810	121	5	is	be	AUX
ajfa-810	121	6	positively	positively	ADV
ajfa-810	121	7	related	relate	VERB
ajfa-810	121	8	to	to	ADP
ajfa-810	121	9	institutional	institutional	ADJ
ajfa-810	121	10	ownership	ownership	NOUN
ajfa-810	121	11	.	.	PUNCT
ajfa-810	122	1	3.2	3.2	NUM
ajfa-810	122	2	research	research	NOUN
ajfa-810	122	3	design	design	NOUN
ajfa-810	122	4	3.2.1	3.2.1	NUM
ajfa-810	122	5	variables	variable	NOUN
ajfa-810	122	6	and	and	CCONJ
ajfa-810	122	7	empirical	empirical	ADJ
ajfa-810	122	8	model	model	NOUN
ajfa-810	122	9	dependent	dependent	ADJ
ajfa-810	122	10	variable	variable	NOUN
ajfa-810	122	11	weighted	weight	VERB
ajfa-810	122	12	social	social	ADJ
ajfa-810	122	13	and	and	CCONJ
ajfa-810	122	14	environmental	environmental	ADJ
ajfa-810	122	15	information	information	NOUN
ajfa-810	122	16	disclosure	disclosure	NOUN
ajfa-810	122	17	score	score	NOUN
ajfa-810	122	18	is	be	AUX
ajfa-810	122	19	used	use	VERB
ajfa-810	122	20	as	as	ADP
ajfa-810	122	21	a	a	DET
ajfa-810	122	22	dependent	dependent	ADJ
ajfa-810	122	23	variable	variable	NOUN
ajfa-810	122	24	and	and	CCONJ
ajfa-810	122	25	questionnaire	questionnaire	NOUN
ajfa-810	122	26	(	(	PUNCT
ajfa-810	122	27	refer	refer	VERB
ajfa-810	122	28	to	to	ADP
ajfa-810	122	29	appendix	appendix	NOUN
ajfa-810	122	30	)	)	PUNCT
ajfa-810	122	31	is	be	AUX
ajfa-810	122	32	developed	develop	VERB
ajfa-810	122	33	to	to	PART
ajfa-810	122	34	obtain	obtain	VERB
ajfa-810	122	35	views	view	NOUN
ajfa-810	122	36	on	on	ADP
ajfa-810	122	37	the	the	DET
ajfa-810	122	38	importance	importance	NOUN
ajfa-810	122	39	of	of	ADP
ajfa-810	122	40	each	each	DET
ajfa-810	122	41	disclosure	disclosure	NOUN
ajfa-810	122	42	item	item	NOUN
ajfa-810	122	43	from	from	ADP
ajfa-810	122	44	financial	financial	ADJ
ajfa-810	122	45	analysts	analyst	NOUN
ajfa-810	122	46	and	and	CCONJ
ajfa-810	122	47	accountants	accountant	NOUN
ajfa-810	122	48	.	.	PUNCT
ajfa-810	123	1	before	before	SCONJ
ajfa-810	123	2	the	the	DET
ajfa-810	123	3	actual	actual	ADJ
ajfa-810	123	4	questionnaire	questionnaire	NOUN
ajfa-810	123	5	is	be	AUX
ajfa-810	123	6	sent	send	VERB
ajfa-810	123	7	,	,	PUNCT
ajfa-810	123	8	pilot	pilot	NOUN
ajfa-810	123	9	test	test	NOUN
ajfa-810	123	10	has	have	AUX
ajfa-810	123	11	been	be	AUX
ajfa-810	123	12	conducted	conduct	VERB
ajfa-810	123	13	and	and	CCONJ
ajfa-810	123	14	the	the	DET
ajfa-810	123	15	findings	finding	NOUN
ajfa-810	123	16	show	show	VERB
ajfa-810	123	17	that	that	SCONJ
ajfa-810	123	18	alpha	alpha	NOUN
ajfa-810	123	19	value	value	NOUN
ajfa-810	123	20	is	be	AUX
ajfa-810	123	21	asian	asian	ADJ
ajfa-810	123	22	journal	journal	NOUN
ajfa-810	123	23	of	of	ADP
ajfa-810	123	24	finance	finance	PROPN
ajfa-810	123	25	&	&	CCONJ
ajfa-810	123	26	accounting	accounting	PROPN
ajfa-810	123	27	issn	issn	PROPN
ajfa-810	123	28	1946	1946	NUM
ajfa-810	123	29	-	-	PUNCT
ajfa-810	123	30	052x	052x	NOUN
ajfa-810	123	31	2012	2012	NUM
ajfa-810	123	32	,	,	PUNCT
ajfa-810	123	33	vol	vol	NOUN
ajfa-810	123	34	.	.	PROPN
ajfa-810	123	35	4	4	NUM
ajfa-810	123	36	,	,	PUNCT
ajfa-810	123	37	no	no	INTJ
ajfa-810	123	38	.	.	NOUN
ajfa-810	123	39	1	1	NUM
ajfa-810	123	40	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-810	123	41	9	9	NUM
ajfa-810	123	42	0.94	0.94	NUM
ajfa-810	123	43	and	and	CCONJ
ajfa-810	123	44	so	so	ADV
ajfa-810	123	45	it	it	PRON
ajfa-810	123	46	has	have	AUX
ajfa-810	123	47	been	be	AUX
ajfa-810	123	48	concluded	conclude	VERB
ajfa-810	123	49	that	that	SCONJ
ajfa-810	123	50	the	the	DET
ajfa-810	123	51	questionnaire	questionnaire	NOUN
ajfa-810	123	52	is	be	AUX
ajfa-810	123	53	reliable	reliable	ADJ
ajfa-810	123	54	.	.	PUNCT
ajfa-810	124	1	in	in	ADP
ajfa-810	124	2	addition	addition	NOUN
ajfa-810	124	3	,	,	PUNCT
ajfa-810	124	4	pilot	pilot	NOUN
ajfa-810	124	5	test	test	NOUN
ajfa-810	124	6	results	result	NOUN
ajfa-810	124	7	show	show	VERB
ajfa-810	124	8	that	that	SCONJ
ajfa-810	124	9	the	the	DET
ajfa-810	124	10	overall	overall	ADJ
ajfa-810	124	11	mean	mean	ADJ
ajfa-810	124	12	score	score	NOUN
ajfa-810	124	13	of	of	ADP
ajfa-810	124	14	comprehensiveness	comprehensiveness	NOUN
ajfa-810	124	15	of	of	ADP
ajfa-810	124	16	the	the	DET
ajfa-810	124	17	questionnaire	questionnaire	NOUN
ajfa-810	124	18	is	be	AUX
ajfa-810	124	19	4.05	4.05	NUM
ajfa-810	124	20	,	,	PUNCT
ajfa-810	124	21	understandability	understandability	NOUN
ajfa-810	124	22	of	of	ADP
ajfa-810	124	23	the	the	DET
ajfa-810	124	24	questions	question	NOUN
ajfa-810	124	25	is	be	AUX
ajfa-810	124	26	4.10	4.10	NUM
ajfa-810	124	27	and	and	CCONJ
ajfa-810	124	28	understandability	understandability	NOUN
ajfa-810	124	29	of	of	ADP
ajfa-810	124	30	the	the	DET
ajfa-810	124	31	instruction	instruction	NOUN
ajfa-810	124	32	is	be	AUX
ajfa-810	124	33	4.62	4.62	NUM
ajfa-810	124	34	.	.	PUNCT
ajfa-810	125	1	therefore	therefore	ADV
ajfa-810	125	2	,	,	PUNCT
ajfa-810	125	3	it	it	PRON
ajfa-810	125	4	can	can	AUX
ajfa-810	125	5	be	be	AUX
ajfa-810	125	6	concluded	conclude	VERB
ajfa-810	125	7	that	that	SCONJ
ajfa-810	125	8	the	the	DET
ajfa-810	125	9	pilot	pilot	NOUN
ajfa-810	125	10	test	test	NOUN
ajfa-810	125	11	questionnaire	questionnaire	NOUN
ajfa-810	125	12	is	be	AUX
ajfa-810	125	13	good	good	ADJ
ajfa-810	125	14	enough	enough	ADV
ajfa-810	125	15	to	to	PART
ajfa-810	125	16	be	be	AUX
ajfa-810	125	17	used	use	VERB
ajfa-810	125	18	as	as	ADP
ajfa-810	125	19	an	an	DET
ajfa-810	125	20	actual	actual	ADJ
ajfa-810	125	21	questionnaire	questionnaire	NOUN
ajfa-810	125	22	.	.	PUNCT
ajfa-810	126	1	list	list	NOUN
ajfa-810	126	2	of	of	ADP
ajfa-810	126	3	social	social	ADJ
ajfa-810	126	4	and	and	CCONJ
ajfa-810	126	5	environmental	environmental	ADJ
ajfa-810	126	6	disclosure	disclosure	NOUN
ajfa-810	126	7	items	item	NOUN
ajfa-810	126	8	and	and	CCONJ
ajfa-810	126	9	pilot	pilot	NOUN
ajfa-810	126	10	test	test	NOUN
ajfa-810	126	11	results	result	NOUN
ajfa-810	126	12	can	can	AUX
ajfa-810	126	13	be	be	AUX
ajfa-810	126	14	referred	refer	VERB
ajfa-810	126	15	to	to	ADP
ajfa-810	126	16	table	table	NOUN
ajfa-810	126	17	1	1	NUM
ajfa-810	126	18	and	and	CCONJ
ajfa-810	126	19	table	table	NOUN
ajfa-810	126	20	2	2	NUM
ajfa-810	126	21	respectively	respectively	ADV
ajfa-810	126	22	.	.	PUNCT
ajfa-810	127	1	table	table	NOUN
ajfa-810	127	2	1	1	NUM
ajfa-810	127	3	:	:	PUNCT
ajfa-810	127	4	list	list	NOUN
ajfa-810	127	5	of	of	ADP
ajfa-810	127	6	social	social	ADJ
ajfa-810	127	7	and	and	CCONJ
ajfa-810	127	8	environmental	environmental	ADJ
ajfa-810	127	9	information	information	NOUN
ajfa-810	127	10	disclosure	disclosure	NOUN
ajfa-810	127	11	share	share	NOUN
ajfa-810	127	12	option	option	NOUN
ajfa-810	127	13	schemes	scheme	NOUN
ajfa-810	127	14	-	-	PUNCT
ajfa-810	127	15	policy	policy	NOUN
ajfa-810	127	16	(	(	PUNCT
ajfa-810	127	17	quantitative	quantitative	ADJ
ajfa-810	127	18	)	)	PUNCT
ajfa-810	127	19	share	share	NOUN
ajfa-810	127	20	option	option	NOUN
ajfa-810	127	21	schemes	scheme	NOUN
ajfa-810	127	22	-	-	PUNCT
ajfa-810	127	23	policy	policy	NOUN
ajfa-810	127	24	(	(	PUNCT
ajfa-810	127	25	qualitative	qualitative	NOUN
ajfa-810	127	26	)	)	PUNCT
ajfa-810	127	27	profit	profit	NOUN
ajfa-810	127	28	sharing	share	VERB
ajfa-810	127	29	schemes	scheme	NOUN
ajfa-810	127	30	-	-	PUNCT
ajfa-810	127	31	policy	policy	NOUN
ajfa-810	127	32	(	(	PUNCT
ajfa-810	127	33	quantitative	quantitative	ADJ
ajfa-810	127	34	)	)	PUNCT
ajfa-810	127	35	profit	profit	NOUN
ajfa-810	127	36	sharing	share	VERB
ajfa-810	127	37	schemes	scheme	NOUN
ajfa-810	127	38	-	-	PUNCT
ajfa-810	127	39	policy	policy	NOUN
ajfa-810	127	40	(	(	PUNCT
ajfa-810	127	41	qualitative	qualitative	NOUN
ajfa-810	127	42	)	)	PUNCT
ajfa-810	127	43	amount	amount	NOUN
ajfa-810	127	44	spent	spend	VERB
ajfa-810	127	45	on	on	ADP
ajfa-810	127	46	training	training	NOUN
ajfa-810	127	47	policy	policy	NOUN
ajfa-810	127	48	on	on	ADP
ajfa-810	127	49	training	training	NOUN
ajfa-810	127	50	welfare	welfare	NOUN
ajfa-810	127	51	information	information	NOUN
ajfa-810	127	52	recruitment	recruitment	NOUN
ajfa-810	127	53	policy	policy	NOUN
ajfa-810	127	54	charitable	charitable	ADJ
ajfa-810	127	55	donations	donation	NOUN
ajfa-810	127	56	(	(	PUNCT
ajfa-810	127	57	quantitative	quantitative	ADJ
ajfa-810	127	58	)	)	PUNCT
ajfa-810	127	59	charitable	charitable	ADJ
ajfa-810	127	60	donations	donation	NOUN
ajfa-810	127	61	(	(	PUNCT
ajfa-810	127	62	qualitative	qualitative	NOUN
ajfa-810	127	63	)	)	PUNCT
ajfa-810	127	64	community	community	NOUN
ajfa-810	127	65	programs	program	NOUN
ajfa-810	127	66	(	(	PUNCT
ajfa-810	127	67	quantitative	quantitative	ADJ
ajfa-810	127	68	)	)	PUNCT
ajfa-810	127	69	community	community	NOUN
ajfa-810	127	70	programs	program	NOUN
ajfa-810	127	71	(	(	PUNCT
ajfa-810	127	72	qualitative	qualitative	NOUN
ajfa-810	127	73	)	)	PUNCT
ajfa-810	127	74	environmental	environmental	ADJ
ajfa-810	127	75	protection	protection	NOUN
ajfa-810	127	76	policy	policy	NOUN
ajfa-810	127	77	(	(	PUNCT
ajfa-810	127	78	quantitative	quantitative	ADJ
ajfa-810	127	79	)	)	PUNCT
ajfa-810	127	80	environmental	environmental	ADJ
ajfa-810	127	81	protection	protection	NOUN
ajfa-810	127	82	policy	policy	NOUN
ajfa-810	127	83	(	(	PUNCT
ajfa-810	127	84	qualitative	qualitative	NOUN
ajfa-810	127	85	)	)	PUNCT
ajfa-810	127	86	effect	effect	NOUN
ajfa-810	127	87	on	on	ADP
ajfa-810	127	88	environment	environment	NOUN
ajfa-810	127	89	(	(	PUNCT
ajfa-810	127	90	quantitative	quantitative	ADJ
ajfa-810	127	91	)	)	PUNCT
ajfa-810	127	92	effect	effect	NOUN
ajfa-810	127	93	on	on	ADP
ajfa-810	127	94	environment	environment	NOUN
ajfa-810	127	95	qualitative	qualitative	NOUN
ajfa-810	127	96	)	)	PUNCT
ajfa-810	127	97	table	table	NOUN
ajfa-810	127	98	2	2	NUM
ajfa-810	127	99	.	.	PUNCT
ajfa-810	128	1	mean	mean	VERB
ajfa-810	128	2	score	score	NOUN
ajfa-810	128	3	for	for	ADP
ajfa-810	128	4	comprehensiveness	comprehensiveness	NOUN
ajfa-810	128	5	and	and	CCONJ
ajfa-810	128	6	understandability	understandability	NOUN
ajfa-810	128	7	of	of	ADP
ajfa-810	128	8	the	the	DET
ajfa-810	128	9	questions	question	NOUN
ajfa-810	128	10	and	and	CCONJ
ajfa-810	128	11	the	the	DET
ajfa-810	128	12	instruction	instruction	NOUN
ajfa-810	128	13	(	(	PUNCT
ajfa-810	128	14	pilot	pilot	NOUN
ajfa-810	128	15	test	test	NOUN
ajfa-810	128	16	)	)	PUNCT
ajfa-810	128	17	mean	mean	VERB
ajfa-810	128	18	no	no	INTJ
ajfa-810	128	19	.	.	PUNCT
ajfa-810	129	1	description	description	NOUN
ajfa-810	129	2	accountants	accountant	NOUN
ajfa-810	129	3	financial	financial	ADJ
ajfa-810	129	4	analysts	analyst	NOUN
ajfa-810	129	5	overall	overall	ADJ
ajfa-810	129	6	1	1	NUM
ajfa-810	129	7	the	the	DET
ajfa-810	129	8	questionnaire	questionnaire	NOUN
ajfa-810	129	9	comprehensively	comprehensively	ADV
ajfa-810	129	10	covers	cover	VERB
ajfa-810	129	11	the	the	DET
ajfa-810	129	12	important	important	ADJ
ajfa-810	129	13	disclosure	disclosure	NOUN
ajfa-810	129	14	items	item	NOUN
ajfa-810	129	15	of	of	ADP
ajfa-810	129	16	the	the	DET
ajfa-810	129	17	annual	annual	ADJ
ajfa-810	129	18	reports	report	NOUN
ajfa-810	129	19	.	.	PUNCT
ajfa-810	130	1	4.22	4.22	NUM
ajfa-810	130	2	3.92	3.92	NUM
ajfa-810	130	3	4.05	4.05	NUM
ajfa-810	130	4	2	2	NUM
ajfa-810	130	5	the	the	DET
ajfa-810	130	6	contents	content	NOUN
ajfa-810	130	7	of	of	ADP
ajfa-810	130	8	the	the	DET
ajfa-810	130	9	questionnaire	questionnaire	NOUN
ajfa-810	130	10	are	be	AUX
ajfa-810	130	11	easy	easy	ADJ
ajfa-810	130	12	and	and	CCONJ
ajfa-810	130	13	simple	simple	ADJ
ajfa-810	130	14	for	for	SCONJ
ajfa-810	130	15	the	the	DET
ajfa-810	130	16	respondents	respondent	NOUN
ajfa-810	130	17	to	to	PART
ajfa-810	130	18	understand	understand	VERB
ajfa-810	130	19	.	.	PUNCT
ajfa-810	131	1	4.22	4.22	NUM
ajfa-810	131	2	4.00	4.00	NUM
ajfa-810	131	3	4.10	4.10	NUM
ajfa-810	131	4	3	3	NUM
ajfa-810	131	5	the	the	DET
ajfa-810	131	6	instructions	instruction	NOUN
ajfa-810	131	7	to	to	PART
ajfa-810	131	8	answer	answer	VERB
ajfa-810	131	9	the	the	DET
ajfa-810	131	10	questionnaire	questionnaire	NOUN
ajfa-810	131	11	are	be	AUX
ajfa-810	131	12	clear	clear	ADJ
ajfa-810	131	13	.	.	PUNCT
ajfa-810	132	1	4.78	4.78	NUM
ajfa-810	132	2	4.50	4.50	NUM
ajfa-810	132	3	4.62	4.62	NUM
ajfa-810	132	4	the	the	DET
ajfa-810	132	5	annual	annual	ADJ
ajfa-810	132	6	reports	report	NOUN
ajfa-810	132	7	of	of	ADP
ajfa-810	132	8	the	the	DET
ajfa-810	132	9	sample	sample	NOUN
ajfa-810	132	10	companies	company	NOUN
ajfa-810	132	11	are	be	AUX
ajfa-810	132	12	checked	check	VERB
ajfa-810	132	13	against	against	ADP
ajfa-810	132	14	disclosure	disclosure	NOUN
ajfa-810	132	15	index	index	NOUN
ajfa-810	132	16	developed	develop	VERB
ajfa-810	132	17	by	by	ADP
ajfa-810	132	18	the	the	DET
ajfa-810	132	19	researcher	researcher	NOUN
ajfa-810	132	20	.	.	PUNCT
ajfa-810	133	1	the	the	DET
ajfa-810	133	2	researcher	researcher	NOUN
ajfa-810	133	3	uses	use	VERB
ajfa-810	133	4	dichotomous	dichotomous	ADJ
ajfa-810	133	5	score	score	NOUN
ajfa-810	133	6	,	,	PUNCT
ajfa-810	133	7	i.e.	i.e.	X
ajfa-810	133	8	one	one	NUM
ajfa-810	133	9	is	be	AUX
ajfa-810	133	10	given	give	VERB
ajfa-810	133	11	if	if	SCONJ
ajfa-810	133	12	the	the	DET
ajfa-810	133	13	company	company	NOUN
ajfa-810	133	14	asian	asian	ADJ
ajfa-810	133	15	journal	journal	PROPN
ajfa-810	133	16	of	of	ADP
ajfa-810	133	17	finance	finance	PROPN
ajfa-810	133	18	&	&	CCONJ
ajfa-810	133	19	accounting	accounting	PROPN
ajfa-810	133	20	issn	issn	PROPN
ajfa-810	133	21	1946	1946	NUM
ajfa-810	133	22	-	-	PUNCT
ajfa-810	133	23	052x	052x	NOUN
ajfa-810	133	24	2012	2012	NUM
ajfa-810	133	25	,	,	PUNCT
ajfa-810	133	26	vol	vol	NOUN
ajfa-810	133	27	.	.	PROPN
ajfa-810	133	28	4	4	NUM
ajfa-810	133	29	,	,	PUNCT
ajfa-810	133	30	no	no	INTJ
ajfa-810	133	31	.	.	NOUN
ajfa-810	133	32	1	1	NUM
ajfa-810	133	33	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-810	133	34	10	10	NUM
ajfa-810	133	35	discloses	disclose	VERB
ajfa-810	133	36	the	the	DET
ajfa-810	133	37	information	information	NOUN
ajfa-810	133	38	,	,	PUNCT
ajfa-810	133	39	and	and	CCONJ
ajfa-810	133	40	zero	zero	NUM
ajfa-810	133	41	for	for	ADP
ajfa-810	133	42	otherwise	otherwise	ADV
ajfa-810	133	43	.	.	PUNCT
ajfa-810	134	1	since	since	SCONJ
ajfa-810	134	2	the	the	DET
ajfa-810	134	3	annual	annual	ADJ
ajfa-810	134	4	reports	report	NOUN
ajfa-810	134	5	are	be	AUX
ajfa-810	134	6	checked	check	VERB
ajfa-810	134	7	against	against	ADP
ajfa-810	134	8	the	the	DET
ajfa-810	134	9	disclosure	disclosure	NOUN
ajfa-810	134	10	index	index	NOUN
ajfa-810	134	11	to	to	PART
ajfa-810	134	12	provide	provide	VERB
ajfa-810	134	13	the	the	DET
ajfa-810	134	14	disclosure	disclosure	NOUN
ajfa-810	134	15	score	score	NOUN
ajfa-810	134	16	,	,	PUNCT
ajfa-810	134	17	during	during	ADP
ajfa-810	134	18	this	this	DET
ajfa-810	134	19	process	process	NOUN
ajfa-810	134	20	,	,	PUNCT
ajfa-810	134	21	some	some	PRON
ajfa-810	134	22	of	of	ADP
ajfa-810	134	23	the	the	DET
ajfa-810	134	24	disclosures	disclosure	NOUN
ajfa-810	134	25	in	in	ADP
ajfa-810	134	26	the	the	DET
ajfa-810	134	27	annual	annual	ADJ
ajfa-810	134	28	reports	report	NOUN
ajfa-810	134	29	are	be	AUX
ajfa-810	134	30	not	not	PART
ajfa-810	134	31	clear	clear	ADJ
ajfa-810	134	32	for	for	SCONJ
ajfa-810	134	33	the	the	DET
ajfa-810	134	34	researcher	researcher	NOUN
ajfa-810	134	35	to	to	PART
ajfa-810	134	36	decide	decide	VERB
ajfa-810	134	37	whether	whether	SCONJ
ajfa-810	134	38	some	some	DET
ajfa-810	134	39	parts	part	NOUN
ajfa-810	134	40	of	of	ADP
ajfa-810	134	41	annual	annual	ADJ
ajfa-810	134	42	report	report	NOUN
ajfa-810	134	43	disclosure	disclosure	NOUN
ajfa-810	134	44	represent	represent	VERB
ajfa-810	134	45	the	the	DET
ajfa-810	134	46	items	item	NOUN
ajfa-810	134	47	from	from	ADP
ajfa-810	134	48	the	the	DET
ajfa-810	134	49	disclosure	disclosure	NOUN
ajfa-810	134	50	index	index	NOUN
ajfa-810	134	51	.	.	PUNCT
ajfa-810	135	1	hence	hence	ADV
ajfa-810	135	2	,	,	PUNCT
ajfa-810	135	3	for	for	ADP
ajfa-810	135	4	these	these	DET
ajfa-810	135	5	confusing	confusing	ADJ
ajfa-810	135	6	items	item	NOUN
ajfa-810	135	7	,	,	PUNCT
ajfa-810	135	8	questionnaire	questionnaire	NOUN
ajfa-810	135	9	is	be	AUX
ajfa-810	135	10	constructed	construct	VERB
ajfa-810	135	11	and	and	CCONJ
ajfa-810	135	12	sent	send	VERB
ajfa-810	135	13	to	to	ADP
ajfa-810	135	14	the	the	DET
ajfa-810	135	15	ten	ten	NUM
ajfa-810	135	16	accountants	accountant	NOUN
ajfa-810	135	17	and	and	CCONJ
ajfa-810	135	18	six	six	NUM
ajfa-810	135	19	financial	financial	ADJ
ajfa-810	135	20	analysts	analyst	NOUN
ajfa-810	135	21	in	in	ADP
ajfa-810	135	22	order	order	NOUN
ajfa-810	135	23	to	to	PART
ajfa-810	135	24	seek	seek	VERB
ajfa-810	135	25	their	their	PRON
ajfa-810	135	26	opinions	opinion	NOUN
ajfa-810	135	27	on	on	ADP
ajfa-810	135	28	whether	whether	SCONJ
ajfa-810	135	29	these	these	DET
ajfa-810	135	30	confusing	confusing	ADJ
ajfa-810	135	31	disclosures	disclosure	NOUN
ajfa-810	135	32	in	in	ADP
ajfa-810	135	33	the	the	DET
ajfa-810	135	34	annual	annual	ADJ
ajfa-810	135	35	reports	report	NOUN
ajfa-810	135	36	represent	represent	VERB
ajfa-810	135	37	the	the	DET
ajfa-810	135	38	items	item	NOUN
ajfa-810	135	39	in	in	ADP
ajfa-810	135	40	the	the	DET
ajfa-810	135	41	disclosure	disclosure	NOUN
ajfa-810	135	42	check	check	NOUN
ajfa-810	135	43	list	list	NOUN
ajfa-810	135	44	.	.	PUNCT
ajfa-810	136	1	it	it	PRON
ajfa-810	136	2	is	be	AUX
ajfa-810	136	3	found	find	VERB
ajfa-810	136	4	out	out	ADP
ajfa-810	136	5	that	that	SCONJ
ajfa-810	136	6	there	there	PRON
ajfa-810	136	7	is	be	VERB
ajfa-810	136	8	no	no	DET
ajfa-810	136	9	significant	significant	ADJ
ajfa-810	136	10	difference	difference	NOUN
ajfa-810	136	11	between	between	ADP
ajfa-810	136	12	the	the	DET
ajfa-810	136	13	score	score	NOUN
ajfa-810	136	14	provided	provide	VERB
ajfa-810	136	15	by	by	ADP
ajfa-810	136	16	the	the	DET
ajfa-810	136	17	researcher	researcher	NOUN
ajfa-810	136	18	and	and	CCONJ
ajfa-810	136	19	the	the	DET
ajfa-810	136	20	answers	answer	NOUN
ajfa-810	136	21	provided	provide	VERB
ajfa-810	136	22	by	by	ADP
ajfa-810	136	23	the	the	DET
ajfa-810	136	24	selected	select	VERB
ajfa-810	136	25	accountants	accountant	NOUN
ajfa-810	136	26	and	and	CCONJ
ajfa-810	136	27	financial	financial	ADJ
ajfa-810	136	28	analysts	analyst	NOUN
ajfa-810	136	29	.	.	PUNCT
ajfa-810	137	1	finally	finally	ADV
ajfa-810	137	2	,	,	PUNCT
ajfa-810	137	3	the	the	DET
ajfa-810	137	4	weight	weight	NOUN
ajfa-810	137	5	for	for	ADP
ajfa-810	137	6	each	each	DET
ajfa-810	137	7	disclosure	disclosure	NOUN
ajfa-810	137	8	item	item	NOUN
ajfa-810	137	9	is	be	AUX
ajfa-810	137	10	calculated	calculate	VERB
ajfa-810	137	11	by	by	ADP
ajfa-810	137	12	the	the	DET
ajfa-810	137	13	mean	mean	ADJ
ajfa-810	137	14	score	score	NOUN
ajfa-810	137	15	of	of	ADP
ajfa-810	137	16	each	each	DET
ajfa-810	137	17	disclosure	disclosure	NOUN
ajfa-810	137	18	item	item	NOUN
ajfa-810	137	19	provided	provide	VERB
ajfa-810	137	20	by	by	ADP
ajfa-810	137	21	the	the	DET
ajfa-810	137	22	accountants	accountant	NOUN
ajfa-810	137	23	and	and	CCONJ
ajfa-810	137	24	financial	financial	ADJ
ajfa-810	137	25	analysts	analyst	NOUN
ajfa-810	137	26	.	.	PUNCT
ajfa-810	138	1	independent	independent	ADJ
ajfa-810	138	2	variables	variable	NOUN
ajfa-810	138	3	there	there	PRON
ajfa-810	138	4	are	be	VERB
ajfa-810	138	5	six	six	NUM
ajfa-810	138	6	independent	independent	ADJ
ajfa-810	138	7	variables	variable	NOUN
ajfa-810	138	8	,	,	PUNCT
ajfa-810	138	9	which	which	PRON
ajfa-810	138	10	comprise	comprise	VERB
ajfa-810	138	11	of	of	ADP
ajfa-810	138	12	three	three	NUM
ajfa-810	138	13	structural	structural	ADJ
ajfa-810	138	14	measures	measure	NOUN
ajfa-810	138	15	of	of	ADP
ajfa-810	138	16	corporate	corporate	ADJ
ajfa-810	138	17	governance	governance	NOUN
ajfa-810	138	18	(	(	PUNCT
ajfa-810	138	19	i.e.	i.e.	X
ajfa-810	138	20	board	board	NOUN
ajfa-810	138	21	leadership	leadership	NOUN
ajfa-810	138	22	structure	structure	NOUN
ajfa-810	138	23	,	,	PUNCT
ajfa-810	138	24	board	board	NOUN
ajfa-810	138	25	composition	composition	NOUN
ajfa-810	138	26	and	and	CCONJ
ajfa-810	138	27	board	board	NOUN
ajfa-810	138	28	size	size	NOUN
ajfa-810	138	29	)	)	PUNCT
ajfa-810	138	30	and	and	CCONJ
ajfa-810	138	31	three	three	NUM
ajfa-810	138	32	measures	measure	NOUN
ajfa-810	138	33	of	of	ADP
ajfa-810	138	34	ownership	ownership	NOUN
ajfa-810	138	35	structure	structure	NOUN
ajfa-810	138	36	(	(	PUNCT
ajfa-810	138	37	i.e.	i.e.	X
ajfa-810	138	38	director	director	NOUN
ajfa-810	138	39	ownership	ownership	NOUN
ajfa-810	138	40	,	,	PUNCT
ajfa-810	138	41	institutional	institutional	ADJ
ajfa-810	138	42	ownership	ownership	NOUN
ajfa-810	138	43	,	,	PUNCT
ajfa-810	138	44	and	and	CCONJ
ajfa-810	138	45	block	block	NOUN
ajfa-810	138	46	ownership	ownership	NOUN
ajfa-810	138	47	)	)	PUNCT
ajfa-810	138	48	.	.	PUNCT
ajfa-810	139	1	finally	finally	ADV
ajfa-810	139	2	,	,	PUNCT
ajfa-810	139	3	the	the	DET
ajfa-810	139	4	empirical	empirical	ADJ
ajfa-810	139	5	model	model	NOUN
ajfa-810	139	6	of	of	ADP
ajfa-810	139	7	the	the	DET
ajfa-810	139	8	study	study	NOUN
ajfa-810	139	9	also	also	ADV
ajfa-810	139	10	includes	include	VERB
ajfa-810	139	11	two	two	NUM
ajfa-810	139	12	control	control	NOUN
ajfa-810	139	13	variables	variable	NOUN
ajfa-810	139	14	related	relate	VERB
ajfa-810	139	15	to	to	ADP
ajfa-810	139	16	firm	firm	ADJ
ajfa-810	139	17	-	-	PUNCT
ajfa-810	139	18	specific	specific	ADJ
ajfa-810	139	19	characteristics	characteristic	NOUN
ajfa-810	139	20	(	(	PUNCT
ajfa-810	139	21	i.e.	i.e.	X
ajfa-810	139	22	firm	firm	ADJ
ajfa-810	139	23	size	size	NOUN
ajfa-810	139	24	and	and	CCONJ
ajfa-810	139	25	leverage	leverage	NOUN
ajfa-810	139	26	)	)	PUNCT
ajfa-810	139	27	because	because	SCONJ
ajfa-810	139	28	most	most	ADJ
ajfa-810	139	29	of	of	ADP
ajfa-810	139	30	the	the	DET
ajfa-810	139	31	prior	prior	ADJ
ajfa-810	139	32	researchers	researcher	NOUN
ajfa-810	139	33	such	such	ADJ
ajfa-810	139	34	as	as	ADP
ajfa-810	139	35	ho	ho	PROPN
ajfa-810	139	36	and	and	CCONJ
ajfa-810	139	37	wong	wong	PROPN
ajfa-810	139	38	(	(	PUNCT
ajfa-810	139	39	2005	2005	NUM
ajfa-810	139	40	)	)	PUNCT
ajfa-810	139	41	,	,	PUNCT
ajfa-810	139	42	chau	chau	NOUN
ajfa-810	139	43	and	and	CCONJ
ajfa-810	139	44	gray	gray	ADJ
ajfa-810	139	45	(	(	PUNCT
ajfa-810	139	46	2002	2002	NUM
ajfa-810	139	47	)	)	PUNCT
ajfa-810	139	48	,	,	PUNCT
ajfa-810	139	49	haniffa	haniffa	NOUN
ajfa-810	139	50	and	and	CCONJ
ajfa-810	139	51	cooke	cooke	PROPN
ajfa-810	139	52	(	(	PUNCT
ajfa-810	139	53	2002	2002	NUM
ajfa-810	139	54	)	)	PUNCT
ajfa-810	139	55	,	,	PUNCT
ajfa-810	139	56	hyytinen	hyytinen	PROPN
ajfa-810	139	57	and	and	CCONJ
ajfa-810	139	58	pajarinen	pajarinen	PROPN
ajfa-810	139	59	(	(	PUNCT
ajfa-810	139	60	2005	2005	NUM
ajfa-810	139	61	)	)	PUNCT
ajfa-810	139	62	,	,	PUNCT
ajfa-810	139	63	eng	eng	PROPN
ajfa-810	139	64	and	and	CCONJ
ajfa-810	139	65	mak	mak	PROPN
ajfa-810	139	66	(	(	PUNCT
ajfa-810	139	67	2003	2003	NUM
ajfa-810	139	68	)	)	PUNCT
ajfa-810	139	69	,	,	PUNCT
ajfa-810	139	70	leung	leung	PROPN
ajfa-810	139	71	and	and	CCONJ
ajfa-810	139	72	horwitz	horwitz	PROPN
ajfa-810	139	73	(	(	PUNCT
ajfa-810	139	74	2004	2004	NUM
ajfa-810	139	75	)	)	PUNCT
ajfa-810	139	76	,	,	PUNCT
ajfa-810	139	77	ballesta	ballesta	NOUN
ajfa-810	139	78	and	and	CCONJ
ajfa-810	139	79	garcia	garcia	PROPN
ajfa-810	139	80	-	-	PUNCT
ajfa-810	139	81	meca	meca	PROPN
ajfa-810	139	82	(	(	PUNCT
ajfa-810	139	83	2005	2005	NUM
ajfa-810	139	84	)	)	PUNCT
ajfa-810	139	85	,	,	PUNCT
ajfa-810	139	86	lakhal	lakhal	INTJ
ajfa-810	139	87	(	(	PUNCT
ajfa-810	139	88	2005	2005	NUM
ajfa-810	139	89	)	)	PUNCT
ajfa-810	139	90	,	,	PUNCT
ajfa-810	139	91	luo	luo	PROPN
ajfa-810	139	92	et	et	PROPN
ajfa-810	139	93	al	al	PROPN
ajfa-810	139	94	.	.	PROPN
ajfa-810	139	95	(	(	PUNCT
ajfa-810	139	96	2006	2006	NUM
ajfa-810	139	97	)	)	PUNCT
ajfa-810	139	98	,	,	PUNCT
ajfa-810	139	99	huafang	huafang	PROPN
ajfa-810	139	100	and	and	CCONJ
ajfa-810	139	101	jianguo	jianguo	PROPN
ajfa-810	139	102	(	(	PUNCT
ajfa-810	139	103	2007	2007	NUM
ajfa-810	139	104	)	)	PUNCT
ajfa-810	139	105	and	and	CCONJ
ajfa-810	139	106	norita	norita	PROPN
ajfa-810	139	107	and	and	CCONJ
ajfa-810	139	108	shamsul	shamsul	PROPN
ajfa-810	139	109	nahar	nahar	PROPN
ajfa-810	139	110	(	(	PUNCT
ajfa-810	139	111	2004	2004	NUM
ajfa-810	139	112	)	)	PUNCT
ajfa-810	139	113	have	have	AUX
ajfa-810	139	114	used	use	VERB
ajfa-810	139	115	the	the	DET
ajfa-810	139	116	above	above	ADJ
ajfa-810	139	117	two	two	NUM
ajfa-810	139	118	variables	variable	NOUN
ajfa-810	139	119	as	as	ADP
ajfa-810	139	120	control	control	NOUN
ajfa-810	139	121	variables	variable	NOUN
ajfa-810	139	122	in	in	ADP
ajfa-810	139	123	examining	examine	VERB
ajfa-810	139	124	the	the	DET
ajfa-810	139	125	relationship	relationship	NOUN
ajfa-810	139	126	between	between	ADP
ajfa-810	139	127	corporate	corporate	ADJ
ajfa-810	139	128	governance	governance	NOUN
ajfa-810	139	129	variables	variable	NOUN
ajfa-810	139	130	and	and	CCONJ
ajfa-810	139	131	disclosures	disclosure	NOUN
ajfa-810	139	132	.	.	PUNCT
ajfa-810	140	1	firm	firm	ADJ
ajfa-810	140	2	size	size	NOUN
ajfa-810	140	3	is	be	AUX
ajfa-810	140	4	controlled	control	VERB
ajfa-810	140	5	because	because	SCONJ
ajfa-810	140	6	larger	large	ADJ
ajfa-810	140	7	and	and	CCONJ
ajfa-810	140	8	more	more	ADV
ajfa-810	140	9	profitable	profitable	ADJ
ajfa-810	140	10	firms	firm	NOUN
ajfa-810	140	11	tend	tend	VERB
ajfa-810	140	12	to	to	PART
ajfa-810	140	13	have	have	VERB
ajfa-810	140	14	higher	high	ADJ
ajfa-810	140	15	disclosure	disclosure	NOUN
ajfa-810	140	16	because	because	SCONJ
ajfa-810	140	17	they	they	PRON
ajfa-810	140	18	are	be	AUX
ajfa-810	140	19	closely	closely	ADV
ajfa-810	140	20	followed	follow	VERB
ajfa-810	140	21	by	by	ADP
ajfa-810	140	22	financial	financial	ADJ
ajfa-810	140	23	intermediaries	intermediary	NOUN
ajfa-810	140	24	and	and	CCONJ
ajfa-810	140	25	need	need	VERB
ajfa-810	140	26	more	more	ADV
ajfa-810	140	27	comprehensive	comprehensive	ADJ
ajfa-810	140	28	disclosure	disclosure	NOUN
ajfa-810	140	29	to	to	PART
ajfa-810	140	30	minimize	minimize	VERB
ajfa-810	140	31	the	the	DET
ajfa-810	140	32	political	political	ADJ
ajfa-810	140	33	costs	cost	NOUN
ajfa-810	140	34	of	of	ADP
ajfa-810	140	35	noncompliance	noncompliance	NOUN
ajfa-810	140	36	(	(	PUNCT
ajfa-810	140	37	aksu	aksu	PROPN
ajfa-810	140	38	&	&	CCONJ
ajfa-810	140	39	kosedag	kosedag	PROPN
ajfa-810	140	40	,	,	PUNCT
ajfa-810	140	41	2006	2006	NUM
ajfa-810	140	42	)	)	PUNCT
ajfa-810	140	43	.	.	PUNCT
ajfa-810	141	1	for	for	ADP
ajfa-810	141	2	instance	instance	NOUN
ajfa-810	141	3	,	,	PUNCT
ajfa-810	141	4	kee	kee	PROPN
ajfa-810	141	5	and	and	CCONJ
ajfa-810	141	6	pillay	pillay	PROPN
ajfa-810	141	7	(	(	PUNCT
ajfa-810	141	8	2003	2003	NUM
ajfa-810	141	9	)	)	PUNCT
ajfa-810	141	10	find	find	VERB
ajfa-810	141	11	that	that	SCONJ
ajfa-810	141	12	firm	firm	ADJ
ajfa-810	141	13	size	size	NOUN
ajfa-810	141	14	is	be	AUX
ajfa-810	141	15	significantly	significantly	ADV
ajfa-810	141	16	associated	associate	VERB
ajfa-810	141	17	with	with	ADP
ajfa-810	141	18	voluntary	voluntary	ADJ
ajfa-810	141	19	disclosure	disclosure	NOUN
ajfa-810	141	20	level	level	NOUN
ajfa-810	141	21	.	.	PUNCT
ajfa-810	142	1	in	in	ADP
ajfa-810	142	2	addition	addition	NOUN
ajfa-810	142	3	,	,	PUNCT
ajfa-810	142	4	leverage	leverage	NOUN
ajfa-810	142	5	is	be	AUX
ajfa-810	142	6	used	use	VERB
ajfa-810	142	7	as	as	ADP
ajfa-810	142	8	a	a	DET
ajfa-810	142	9	control	control	NOUN
ajfa-810	142	10	variable	variable	NOUN
ajfa-810	142	11	because	because	SCONJ
ajfa-810	142	12	in	in	ADP
ajfa-810	142	13	highly	highly	ADV
ajfa-810	142	14	leveraged	leveraged	ADJ
ajfa-810	142	15	firms	firm	NOUN
ajfa-810	142	16	,	,	PUNCT
ajfa-810	142	17	there	there	PRON
ajfa-810	142	18	is	be	VERB
ajfa-810	142	19	a	a	DET
ajfa-810	142	20	high	high	ADJ
ajfa-810	142	21	demand	demand	NOUN
ajfa-810	142	22	for	for	ADP
ajfa-810	142	23	and	and	CCONJ
ajfa-810	142	24	supply	supply	NOUN
ajfa-810	142	25	of	of	ADP
ajfa-810	142	26	information	information	NOUN
ajfa-810	142	27	required	require	VERB
ajfa-810	142	28	by	by	ADP
ajfa-810	142	29	the	the	DET
ajfa-810	142	30	lenders	lender	NOUN
ajfa-810	142	31	(	(	PUNCT
ajfa-810	142	32	aksu	aksu	PROPN
ajfa-810	142	33	&	&	CCONJ
ajfa-810	142	34	kosedag	kosedag	PROPN
ajfa-810	142	35	,	,	PUNCT
ajfa-810	142	36	2006	2006	NUM
ajfa-810	142	37	)	)	PUNCT
ajfa-810	142	38	.	.	PUNCT
ajfa-810	143	1	according	accord	VERB
ajfa-810	143	2	to	to	ADP
ajfa-810	143	3	the	the	DET
ajfa-810	143	4	corporate	corporate	ADJ
ajfa-810	143	5	governance	governance	NOUN
ajfa-810	143	6	literature	literature	NOUN
ajfa-810	143	7	,	,	PUNCT
ajfa-810	143	8	firm	firm	ADJ
ajfa-810	143	9	size	size	NOUN
ajfa-810	143	10	is	be	AUX
ajfa-810	143	11	commonly	commonly	ADV
ajfa-810	143	12	measured	measure	VERB
ajfa-810	143	13	by	by	ADP
ajfa-810	143	14	total	total	ADJ
ajfa-810	143	15	assets	asset	NOUN
ajfa-810	143	16	and	and	CCONJ
ajfa-810	143	17	leverage	leverage	NOUN
ajfa-810	143	18	is	be	AUX
ajfa-810	143	19	measured	measure	VERB
ajfa-810	143	20	by	by	ADP
ajfa-810	143	21	the	the	DET
ajfa-810	143	22	ratio	ratio	NOUN
ajfa-810	143	23	of	of	ADP
ajfa-810	143	24	total	total	ADJ
ajfa-810	143	25	debt	debt	NOUN
ajfa-810	143	26	to	to	ADP
ajfa-810	143	27	equity	equity	NOUN
ajfa-810	143	28	.	.	PUNCT
ajfa-810	144	1	the	the	DET
ajfa-810	144	2	complete	complete	ADJ
ajfa-810	144	3	empirical	empirical	ADJ
ajfa-810	144	4	model	model	NOUN
ajfa-810	144	5	is	be	AUX
ajfa-810	144	6	as	as	ADV
ajfa-810	144	7	follow	follow	VERB
ajfa-810	144	8	.	.	PUNCT
ajfa-810	145	1	yit=	yit=	NOUN
ajfa-810	145	2	βo	βo	PUNCT
ajfa-810	145	3	+	+	CCONJ
ajfa-810	145	4	β1	β1	PROPN
ajfa-810	145	5	x1it+β2	x1it+β2	PROPN
ajfa-810	145	6	x2it	x2it	PUNCT
ajfa-810	145	7	−	−	ADP
ajfa-810	145	8	β3	β3	ADJ
ajfa-810	145	9	x3it	x3it	PUNCT
ajfa-810	146	1	−	−	PROPN
ajfa-810	146	2	β4	β4	PROPN
ajfa-810	146	3	x4it+β5	x4it+β5	PROPN
ajfa-810	146	4	x5it	x5it	PUNCT
ajfa-810	147	1	+	+	NUM
ajfa-810	147	2	β6	β6	PROPN
ajfa-810	147	3	x6it	x6it	PUNCT
ajfa-810	148	1	+	+	CCONJ
ajfa-810	148	2	β7	β7	ADJ
ajfa-810	148	3	x7it	x7it	PUNCT
ajfa-810	149	1	+	+	CCONJ
ajfa-810	149	2	β8	β8	NOUN
ajfa-810	149	3	x8it	x8it	PUNCT
ajfa-810	150	1	+	+	CCONJ
ajfa-810	150	2	µit	µit	VERB
ajfa-810	150	3	where	where	SCONJ
ajfa-810	150	4	,	,	PUNCT
ajfa-810	150	5	i	i	PRON
ajfa-810	150	6	=	=	PUNCT
ajfa-810	150	7	1,2,3,4,5,6,7,8,9,10,11,12	1,2,3,4,5,6,7,8,9,10,11,12	PROPN
ajfa-810	150	8	t=1	t=1	PROPN
ajfa-810	150	9	,	,	PUNCT
ajfa-810	150	10	2	2	NUM
ajfa-810	150	11	,	,	PUNCT
ajfa-810	150	12	3	3	NUM
ajfa-810	150	13	,	,	PUNCT
ajfa-810	150	14	4	4	NUM
ajfa-810	150	15	,	,	PUNCT
ajfa-810	150	16	5,6,7,8,9,10	5,6,7,8,9,10	NUM
ajfa-810	150	17	y=	y=	NUM
ajfa-810	150	18	weighted	weight	VERB
ajfa-810	150	19	social	social	ADJ
ajfa-810	150	20	and	and	CCONJ
ajfa-810	150	21	environmental	environmental	ADJ
ajfa-810	150	22	information	information	NOUN
ajfa-810	150	23	disclosure	disclosure	NOUN
ajfa-810	150	24	score	score	NOUN
ajfa-810	150	25	x1=	x1=	PROPN
ajfa-810	150	26	board	board	NOUN
ajfa-810	150	27	leadership	leadership	NOUN
ajfa-810	150	28	structure	structure	NOUN
ajfa-810	150	29	(	(	PUNCT
ajfa-810	150	30	bls	bls	PROPN
ajfa-810	150	31	)	)	PUNCT
ajfa-810	150	32	x2=	x2=	PROPN
ajfa-810	150	33	proportion	proportion	NOUN
ajfa-810	150	34	of	of	ADP
ajfa-810	150	35	independent	independent	ADJ
ajfa-810	150	36	non	non	ADJ
ajfa-810	150	37	-	-	ADJ
ajfa-810	150	38	executive	executive	ADJ
ajfa-810	150	39	directors	director	NOUN
ajfa-810	150	40	on	on	ADP
ajfa-810	150	41	the	the	DET
ajfa-810	150	42	board	board	NOUN
ajfa-810	150	43	(	(	PUNCT
ajfa-810	150	44	ine_bz	ine_bz	NOUN
ajfa-810	150	45	)	)	PUNCT
ajfa-810	150	46	asian	asian	ADJ
ajfa-810	150	47	journal	journal	NOUN
ajfa-810	150	48	of	of	ADP
ajfa-810	150	49	finance	finance	PROPN
ajfa-810	150	50	&	&	CCONJ
ajfa-810	150	51	accounting	accounting	PROPN
ajfa-810	150	52	issn	issn	PROPN
ajfa-810	150	53	1946	1946	NUM
ajfa-810	150	54	-	-	PUNCT
ajfa-810	150	55	052x	052x	NOUN
ajfa-810	150	56	2012	2012	NUM
ajfa-810	150	57	,	,	PUNCT
ajfa-810	150	58	vol	vol	NOUN
ajfa-810	150	59	.	.	PROPN
ajfa-810	151	1	4	4	NUM
ajfa-810	151	2	,	,	PUNCT
ajfa-810	151	3	no	no	INTJ
ajfa-810	151	4	.	.	NOUN
ajfa-810	151	5	1	1	NUM
ajfa-810	151	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-810	151	7	11	11	NUM
ajfa-810	151	8	x3=	x3=	PUNCT
ajfa-810	151	9	board	board	NOUN
ajfa-810	151	10	size	size	NOUN
ajfa-810	151	11	(	(	PUNCT
ajfa-810	151	12	bz	bz	PROPN
ajfa-810	151	13	)	)	PUNCT
ajfa-810	151	14	x4=	x4=	NOUN
ajfa-810	151	15	proportion	proportion	NOUN
ajfa-810	151	16	of	of	ADP
ajfa-810	151	17	director	director	NOUN
ajfa-810	151	18	ownership	ownership	NOUN
ajfa-810	151	19	(	(	PUNCT
ajfa-810	151	20	down	down	ADV
ajfa-810	151	21	)	)	PUNCT
ajfa-810	151	22	x5=	x5=	NOUN
ajfa-810	151	23	proportion	proportion	NOUN
ajfa-810	151	24	of	of	ADP
ajfa-810	151	25	institutional	institutional	ADJ
ajfa-810	151	26	ownership	ownership	NOUN
ajfa-810	151	27	(	(	PUNCT
ajfa-810	151	28	iown	iown	NOUN
ajfa-810	151	29	)	)	PUNCT
ajfa-810	152	1	x6=	x6=	NUM
ajfa-810	152	2	proportion	proportion	NOUN
ajfa-810	152	3	of	of	ADP
ajfa-810	152	4	block	block	NOUN
ajfa-810	152	5	ownership	ownership	NOUN
ajfa-810	152	6	(	(	PUNCT
ajfa-810	152	7	bown	bown	PROPN
ajfa-810	152	8	)	)	PUNCT
ajfa-810	152	9	x7=	x7=	PROPN
ajfa-810	152	10	log	log	NOUN
ajfa-810	152	11	of	of	ADP
ajfa-810	152	12	total	total	ADJ
ajfa-810	152	13	assets	asset	NOUN
ajfa-810	152	14	(	(	PUNCT
ajfa-810	152	15	ta	ta	NOUN
ajfa-810	152	16	)	)	PUNCT
ajfa-810	152	17	x8=	x8=	NOUN
ajfa-810	153	1	leverage	leverage	NOUN
ajfa-810	153	2	(	(	PUNCT
ajfa-810	153	3	td_te	td_te	NOUN
ajfa-810	153	4	)	)	PUNCT
ajfa-810	153	5	µ=	µ=	NOUN
ajfa-810	153	6	error	error	NOUN
ajfa-810	153	7	term	term	NOUN
ajfa-810	153	8	3.2.2	3.2.2	NUM
ajfa-810	153	9	sample	sample	NOUN
ajfa-810	153	10	selection	selection	NOUN
ajfa-810	153	11	and	and	CCONJ
ajfa-810	153	12	statistical	statistical	ADJ
ajfa-810	153	13	methods	method	NOUN
ajfa-810	153	14	samples	sample	NOUN
ajfa-810	153	15	include	include	VERB
ajfa-810	153	16	the	the	DET
ajfa-810	153	17	twelve	twelve	NUM
ajfa-810	153	18	listed	list	VERB
ajfa-810	153	19	companies	company	NOUN
ajfa-810	153	20	whose	whose	DET
ajfa-810	153	21	main	main	ADJ
ajfa-810	153	22	activity	activity	NOUN
ajfa-810	153	23	is	be	AUX
ajfa-810	153	24	banking	bank	VERB
ajfa-810	153	25	from	from	ADP
ajfa-810	153	26	1996	1996	NUM
ajfa-810	153	27	until	until	ADP
ajfa-810	153	28	2005	2005	NUM
ajfa-810	153	29	.	.	PUNCT
ajfa-810	154	1	the	the	DET
ajfa-810	154	2	total	total	ADJ
ajfa-810	154	3	number	number	NOUN
ajfa-810	154	4	of	of	ADP
ajfa-810	154	5	observations	observation	NOUN
ajfa-810	154	6	is	be	AUX
ajfa-810	154	7	120	120	NUM
ajfa-810	154	8	observations	observation	NOUN
ajfa-810	154	9	.	.	PUNCT
ajfa-810	155	1	however	however	ADV
ajfa-810	155	2	,	,	PUNCT
ajfa-810	155	3	some	some	PRON
ajfa-810	155	4	of	of	ADP
ajfa-810	155	5	the	the	DET
ajfa-810	155	6	observations	observation	NOUN
ajfa-810	155	7	need	need	VERB
ajfa-810	155	8	to	to	PART
ajfa-810	155	9	be	be	AUX
ajfa-810	155	10	dropped	drop	VERB
ajfa-810	155	11	due	due	ADJ
ajfa-810	155	12	to	to	ADP
ajfa-810	155	13	unavailability	unavailability	NOUN
ajfa-810	155	14	of	of	ADP
ajfa-810	155	15	data	datum	NOUN
ajfa-810	155	16	and	and	CCONJ
ajfa-810	155	17	some	some	DET
ajfa-810	155	18	companies	company	NOUN
ajfa-810	155	19	were	be	AUX
ajfa-810	155	20	not	not	PART
ajfa-810	155	21	classified	classify	VERB
ajfa-810	155	22	as	as	ADP
ajfa-810	155	23	banks	bank	NOUN
ajfa-810	155	24	in	in	ADP
ajfa-810	155	25	all	all	DET
ajfa-810	155	26	the	the	DET
ajfa-810	155	27	ten	ten	NUM
ajfa-810	155	28	years	year	NOUN
ajfa-810	155	29	’	'	PUNCT
ajfa-810	155	30	period	period	NOUN
ajfa-810	155	31	.	.	PUNCT
ajfa-810	156	1	it	it	PRON
ajfa-810	156	2	left	leave	VERB
ajfa-810	156	3	the	the	DET
ajfa-810	156	4	final	final	ADJ
ajfa-810	156	5	observations	observation	NOUN
ajfa-810	156	6	to	to	ADP
ajfa-810	156	7	108	108	NUM
ajfa-810	156	8	observations	observation	NOUN
ajfa-810	156	9	.	.	PUNCT
ajfa-810	157	1	there	there	PRON
ajfa-810	157	2	were	be	VERB
ajfa-810	157	3	significant	significant	ADJ
ajfa-810	157	4	events	event	NOUN
ajfa-810	157	5	incurred	incur	VERB
ajfa-810	157	6	during	during	ADP
ajfa-810	157	7	the	the	DET
ajfa-810	157	8	10	10	NUM
ajfa-810	157	9	-	-	PUNCT
ajfa-810	157	10	years	year	NOUN
ajfa-810	157	11	span	span	NOUN
ajfa-810	157	12	of	of	ADP
ajfa-810	157	13	the	the	DET
ajfa-810	157	14	sample	sample	NOUN
ajfa-810	157	15	period	period	NOUN
ajfa-810	157	16	.	.	PUNCT
ajfa-810	158	1	first	first	ADV
ajfa-810	158	2	,	,	PUNCT
ajfa-810	158	3	the	the	DET
ajfa-810	158	4	introduction	introduction	NOUN
ajfa-810	158	5	of	of	ADP
ajfa-810	158	6	mccg	mccg	NOUN
ajfa-810	158	7	(	(	PUNCT
ajfa-810	158	8	2007	2007	NUM
ajfa-810	158	9	)	)	PUNCT
ajfa-810	158	10	promotes	promote	VERB
ajfa-810	158	11	better	well	ADJ
ajfa-810	158	12	transparency	transparency	NOUN
ajfa-810	158	13	of	of	ADP
ajfa-810	158	14	information	information	NOUN
ajfa-810	158	15	disclosure	disclosure	NOUN
ajfa-810	158	16	.	.	PUNCT
ajfa-810	159	1	secondly	secondly	ADV
ajfa-810	159	2	,	,	PUNCT
ajfa-810	159	3	the	the	DET
ajfa-810	159	4	financial	financial	ADJ
ajfa-810	159	5	crisis	crisis	NOUN
ajfa-810	159	6	incurred	incur	VERB
ajfa-810	159	7	towards	towards	ADP
ajfa-810	159	8	the	the	DET
ajfa-810	159	9	end	end	NOUN
ajfa-810	159	10	of	of	ADP
ajfa-810	159	11	the	the	DET
ajfa-810	159	12	1990s	1990s	NUM
ajfa-810	159	13	.	.	PUNCT
ajfa-810	160	1	thirdly	thirdly	ADV
ajfa-810	160	2	,	,	PUNCT
ajfa-810	160	3	csr	csr	NOUN
ajfa-810	160	4	framework	framework	NOUN
ajfa-810	160	5	is	be	AUX
ajfa-810	160	6	introduced	introduce	VERB
ajfa-810	160	7	by	by	ADP
ajfa-810	160	8	bursa	bursa	PROPN
ajfa-810	160	9	malaysia	malaysia	PROPN
ajfa-810	160	10	in	in	ADP
ajfa-810	160	11	2006	2006	NUM
ajfa-810	160	12	and	and	CCONJ
ajfa-810	160	13	this	this	DET
ajfa-810	160	14	framework	framework	NOUN
ajfa-810	160	15	lays	lay	VERB
ajfa-810	160	16	down	down	ADP
ajfa-810	160	17	regulation	regulation	NOUN
ajfa-810	160	18	on	on	ADP
ajfa-810	160	19	disclosure	disclosure	NOUN
ajfa-810	160	20	of	of	ADP
ajfa-810	160	21	social	social	ADJ
ajfa-810	160	22	and	and	CCONJ
ajfa-810	160	23	environment	environment	NOUN
ajfa-810	160	24	information	information	NOUN
ajfa-810	160	25	.	.	PUNCT
ajfa-810	161	1	therefore	therefore	ADV
ajfa-810	161	2	,	,	PUNCT
ajfa-810	161	3	the	the	DET
ajfa-810	161	4	period	period	NOUN
ajfa-810	161	5	before	before	ADP
ajfa-810	161	6	2006	2006	NUM
ajfa-810	161	7	will	will	AUX
ajfa-810	161	8	be	be	AUX
ajfa-810	161	9	better	well	ADJ
ajfa-810	161	10	in	in	ADP
ajfa-810	161	11	capturing	capture	VERB
ajfa-810	161	12	the	the	DET
ajfa-810	161	13	nature	nature	NOUN
ajfa-810	161	14	of	of	ADP
ajfa-810	161	15	purely	purely	ADV
ajfa-810	161	16	voluntary	voluntary	ADJ
ajfa-810	161	17	environment	environment	NOUN
ajfa-810	161	18	for	for	ADP
ajfa-810	161	19	social	social	ADJ
ajfa-810	161	20	and	and	CCONJ
ajfa-810	161	21	environmental	environmental	ADJ
ajfa-810	161	22	disclosure	disclosure	NOUN
ajfa-810	161	23	.	.	PUNCT
ajfa-810	162	1	data	datum	NOUN
ajfa-810	162	2	were	be	AUX
ajfa-810	162	3	collected	collect	VERB
ajfa-810	162	4	either	either	CCONJ
ajfa-810	162	5	from	from	ADP
ajfa-810	162	6	the	the	DET
ajfa-810	162	7	annual	annual	ADJ
ajfa-810	162	8	reports	report	NOUN
ajfa-810	162	9	of	of	ADP
ajfa-810	162	10	the	the	DET
ajfa-810	162	11	companies	company	NOUN
ajfa-810	162	12	or	or	CCONJ
ajfa-810	162	13	from	from	ADP
ajfa-810	162	14	bloomberg	bloomberg	PROPN
ajfa-810	162	15	.	.	PUNCT
ajfa-810	163	1	the	the	DET
ajfa-810	163	2	main	main	ADJ
ajfa-810	163	3	statistical	statistical	ADJ
ajfa-810	163	4	method	method	NOUN
ajfa-810	163	5	used	use	VERB
ajfa-810	163	6	in	in	ADP
ajfa-810	163	7	this	this	DET
ajfa-810	163	8	study	study	NOUN
ajfa-810	163	9	is	be	AUX
ajfa-810	163	10	panel	panel	NOUN
ajfa-810	163	11	data	datum	NOUN
ajfa-810	163	12	analysis	analysis	NOUN
ajfa-810	163	13	(	(	PUNCT
ajfa-810	163	14	generalized	generalized	ADJ
ajfa-810	163	15	least	least	ADJ
ajfa-810	163	16	square	square	ADJ
ajfa-810	163	17	method	method	NOUN
ajfa-810	163	18	)	)	PUNCT
ajfa-810	163	19	.	.	PUNCT
ajfa-810	164	1	generalized	generalized	ADJ
ajfa-810	164	2	least	least	ADJ
ajfa-810	164	3	square	square	ADJ
ajfa-810	164	4	method	method	NOUN
ajfa-810	164	5	is	be	AUX
ajfa-810	164	6	used	use	VERB
ajfa-810	164	7	because	because	SCONJ
ajfa-810	164	8	the	the	DET
ajfa-810	164	9	sample	sample	NOUN
ajfa-810	164	10	data	datum	NOUN
ajfa-810	164	11	are	be	AUX
ajfa-810	164	12	not	not	PART
ajfa-810	164	13	normally	normally	ADV
ajfa-810	164	14	distributed	distribute	VERB
ajfa-810	164	15	and	and	CCONJ
ajfa-810	164	16	the	the	DET
ajfa-810	164	17	data	datum	NOUN
ajfa-810	164	18	have	have	VERB
ajfa-810	164	19	,	,	PUNCT
ajfa-810	164	20	either	either	ADV
ajfa-810	164	21	,	,	PUNCT
ajfa-810	164	22	heteroskedasticity	heteroskedasticity	NOUN
ajfa-810	164	23	problem	problem	NOUN
ajfa-810	164	24	,	,	PUNCT
ajfa-810	164	25	autocorrelation	autocorrelation	NOUN
ajfa-810	164	26	problem	problem	NOUN
ajfa-810	164	27	or	or	CCONJ
ajfa-810	164	28	both	both	PRON
ajfa-810	164	29	.	.	PUNCT
ajfa-810	165	1	according	accord	VERB
ajfa-810	165	2	to	to	ADP
ajfa-810	165	3	gujarati	gujarati	PROPN
ajfa-810	165	4	(	(	PUNCT
ajfa-810	165	5	2003	2003	NUM
ajfa-810	165	6	)	)	PUNCT
ajfa-810	165	7	,	,	PUNCT
ajfa-810	165	8	using	use	VERB
ajfa-810	165	9	generalized	generalized	ADJ
ajfa-810	165	10	least	least	ADJ
ajfa-810	165	11	square	square	ADJ
ajfa-810	165	12	method	method	NOUN
ajfa-810	165	13	will	will	AUX
ajfa-810	165	14	overcome	overcome	VERB
ajfa-810	165	15	all	all	DET
ajfa-810	165	16	these	these	DET
ajfa-810	165	17	problems	problem	NOUN
ajfa-810	165	18	.	.	PUNCT
ajfa-810	166	1	4	4	X
ajfa-810	166	2	.	.	X
ajfa-810	166	3	profile	profile	NOUN
ajfa-810	166	4	of	of	ADP
ajfa-810	166	5	the	the	DET
ajfa-810	166	6	respondents	respondent	NOUN
ajfa-810	166	7	the	the	DET
ajfa-810	166	8	background	background	NOUN
ajfa-810	166	9	information	information	NOUN
ajfa-810	166	10	about	about	ADP
ajfa-810	166	11	the	the	DET
ajfa-810	166	12	respondents	respondent	NOUN
ajfa-810	166	13	includes	include	VERB
ajfa-810	166	14	gender	gender	NOUN
ajfa-810	166	15	,	,	PUNCT
ajfa-810	166	16	educational	educational	ADJ
ajfa-810	166	17	background	background	NOUN
ajfa-810	166	18	,	,	PUNCT
ajfa-810	166	19	employment	employment	NOUN
ajfa-810	166	20	category	category	NOUN
ajfa-810	166	21	,	,	PUNCT
ajfa-810	166	22	age	age	NOUN
ajfa-810	166	23	and	and	CCONJ
ajfa-810	166	24	working	working	NOUN
ajfa-810	166	25	experience	experience	NOUN
ajfa-810	166	26	of	of	ADP
ajfa-810	166	27	the	the	DET
ajfa-810	166	28	respondents	respondent	NOUN
ajfa-810	166	29	(	(	PUNCT
ajfa-810	166	30	refer	refer	VERB
ajfa-810	166	31	to	to	ADP
ajfa-810	166	32	table	table	NOUN
ajfa-810	166	33	3	3	NUM
ajfa-810	166	34	)	)	PUNCT
ajfa-810	166	35	.	.	PUNCT
ajfa-810	167	1	overall	overall	ADJ
ajfa-810	167	2	,	,	PUNCT
ajfa-810	167	3	both	both	CCONJ
ajfa-810	167	4	male	male	ADJ
ajfa-810	167	5	and	and	CCONJ
ajfa-810	167	6	female	female	ADJ
ajfa-810	167	7	respondents	respondent	NOUN
ajfa-810	167	8	seem	seem	VERB
ajfa-810	167	9	to	to	PART
ajfa-810	167	10	be	be	AUX
ajfa-810	167	11	equally	equally	ADV
ajfa-810	167	12	distributed	distribute	VERB
ajfa-810	167	13	since	since	SCONJ
ajfa-810	167	14	forty	forty	NUM
ajfa-810	167	15	nine	nine	NUM
ajfa-810	167	16	percent	percent	NOUN
ajfa-810	167	17	of	of	ADP
ajfa-810	167	18	the	the	DET
ajfa-810	167	19	respondents	respondent	NOUN
ajfa-810	167	20	are	be	AUX
ajfa-810	167	21	male	male	ADJ
ajfa-810	167	22	and	and	CCONJ
ajfa-810	167	23	fifty	fifty	NUM
ajfa-810	167	24	one	one	NUM
ajfa-810	167	25	percent	percent	NOUN
ajfa-810	167	26	of	of	ADP
ajfa-810	167	27	them	they	PRON
ajfa-810	167	28	are	be	AUX
ajfa-810	167	29	female	female	ADJ
ajfa-810	167	30	.	.	PUNCT
ajfa-810	168	1	regarding	regard	VERB
ajfa-810	168	2	educational	educational	ADJ
ajfa-810	168	3	background	background	NOUN
ajfa-810	168	4	,	,	PUNCT
ajfa-810	168	5	the	the	DET
ajfa-810	168	6	majority	majority	NOUN
ajfa-810	168	7	of	of	ADP
ajfa-810	168	8	them	they	PRON
ajfa-810	168	9	are	be	AUX
ajfa-810	168	10	bachelor	bachelor	NOUN
ajfa-810	168	11	degree	degree	NOUN
ajfa-810	168	12	holders	holder	NOUN
ajfa-810	168	13	,	,	PUNCT
ajfa-810	168	14	and	and	CCONJ
ajfa-810	168	15	the	the	DET
ajfa-810	168	16	balances	balance	NOUN
ajfa-810	168	17	are	be	AUX
ajfa-810	168	18	professional	professional	ADJ
ajfa-810	168	19	certificate	certificate	NOUN
ajfa-810	168	20	holders	holder	NOUN
ajfa-810	168	21	.	.	PUNCT
ajfa-810	169	1	since	since	SCONJ
ajfa-810	169	2	fifty	fifty	NUM
ajfa-810	169	3	seven	seven	NUM
ajfa-810	169	4	percent	percent	NOUN
ajfa-810	169	5	of	of	ADP
ajfa-810	169	6	the	the	DET
ajfa-810	169	7	respondents	respondent	NOUN
ajfa-810	169	8	are	be	AUX
ajfa-810	169	9	from	from	ADP
ajfa-810	169	10	the	the	DET
ajfa-810	169	11	audit	audit	NOUN
ajfa-810	169	12	firms	firm	NOUN
ajfa-810	169	13	and	and	CCONJ
ajfa-810	169	14	forty	forty	NUM
ajfa-810	169	15	three	three	NUM
ajfa-810	169	16	percent	percent	NOUN
ajfa-810	169	17	of	of	ADP
ajfa-810	169	18	them	they	PRON
ajfa-810	169	19	are	be	AUX
ajfa-810	169	20	from	from	ADP
ajfa-810	169	21	the	the	DET
ajfa-810	169	22	non	non	ADJ
ajfa-810	169	23	-	-	ADJ
ajfa-810	169	24	audit	audit	ADJ
ajfa-810	169	25	firms	firm	NOUN
ajfa-810	169	26	,	,	PUNCT
ajfa-810	169	27	the	the	DET
ajfa-810	169	28	opinion	opinion	NOUN
ajfa-810	169	29	seems	seem	VERB
ajfa-810	169	30	not	not	PART
ajfa-810	169	31	to	to	PART
ajfa-810	169	32	be	be	AUX
ajfa-810	169	33	too	too	ADV
ajfa-810	169	34	much	much	ADV
ajfa-810	169	35	influenced	influence	VERB
ajfa-810	169	36	by	by	ADP
ajfa-810	169	37	one	one	NUM
ajfa-810	169	38	particular	particular	ADJ
ajfa-810	169	39	group	group	NOUN
ajfa-810	169	40	although	although	SCONJ
ajfa-810	169	41	majority	majority	NOUN
ajfa-810	169	42	of	of	ADP
ajfa-810	169	43	the	the	DET
ajfa-810	169	44	respondents	respondent	NOUN
ajfa-810	169	45	are	be	AUX
ajfa-810	169	46	accountants	accountant	NOUN
ajfa-810	169	47	.	.	PUNCT
ajfa-810	170	1	the	the	DET
ajfa-810	170	2	age	age	NOUN
ajfa-810	170	3	range	range	NOUN
ajfa-810	170	4	of	of	ADP
ajfa-810	170	5	the	the	DET
ajfa-810	170	6	majority	majority	NOUN
ajfa-810	170	7	is	be	AUX
ajfa-810	170	8	between	between	ADP
ajfa-810	170	9	twenty	twenty	NUM
ajfa-810	170	10	and	and	CCONJ
ajfa-810	170	11	twenty	twenty	NUM
ajfa-810	170	12	-	-	PUNCT
ajfa-810	170	13	nine	nine	NUM
ajfa-810	170	14	,	,	PUNCT
ajfa-810	170	15	followed	follow	VERB
ajfa-810	170	16	by	by	ADP
ajfa-810	170	17	the	the	DET
ajfa-810	170	18	age	age	NOUN
ajfa-810	170	19	range	range	NOUN
ajfa-810	170	20	between	between	ADP
ajfa-810	170	21	thirty	thirty	NUM
ajfa-810	170	22	and	and	CCONJ
ajfa-810	170	23	thirty	thirty	NUM
ajfa-810	170	24	-	-	PUNCT
ajfa-810	170	25	nine	nine	NUM
ajfa-810	170	26	.	.	PUNCT
ajfa-810	171	1	in	in	ADP
ajfa-810	171	2	terms	term	NOUN
ajfa-810	171	3	of	of	ADP
ajfa-810	171	4	working	work	VERB
ajfa-810	171	5	experience	experience	NOUN
ajfa-810	171	6	,	,	PUNCT
ajfa-810	171	7	majority	majority	NOUN
ajfa-810	171	8	of	of	ADP
ajfa-810	171	9	the	the	DET
ajfa-810	171	10	respondents	respondent	NOUN
ajfa-810	171	11	,	,	PUNCT
ajfa-810	171	12	i.e.	i.e.	X
ajfa-810	171	13	forty	forty	NUM
ajfa-810	171	14	three	three	NUM
ajfa-810	171	15	percent	percent	NOUN
ajfa-810	171	16	,	,	PUNCT
ajfa-810	171	17	are	be	AUX
ajfa-810	171	18	below	below	ADP
ajfa-810	171	19	three	three	NUM
ajfa-810	171	20	years	year	NOUN
ajfa-810	171	21	in	in	ADP
ajfa-810	171	22	the	the	DET
ajfa-810	171	23	current	current	ADJ
ajfa-810	171	24	profession	profession	NOUN
ajfa-810	171	25	and	and	CCONJ
ajfa-810	171	26	twenty	twenty	NUM
ajfa-810	171	27	three	three	NUM
ajfa-810	171	28	percent	percent	NOUN
ajfa-810	171	29	of	of	ADP
ajfa-810	171	30	them	they	PRON
ajfa-810	171	31	have	have	VERB
ajfa-810	171	32	working	work	VERB
ajfa-810	171	33	experience	experience	NOUN
ajfa-810	171	34	between	between	ADP
ajfa-810	171	35	three	three	NUM
ajfa-810	171	36	to	to	PART
ajfa-810	171	37	seven	seven	NUM
ajfa-810	171	38	years	year	NOUN
ajfa-810	171	39	.	.	PUNCT
ajfa-810	172	1	asian	asian	ADJ
ajfa-810	172	2	journal	journal	PROPN
ajfa-810	172	3	of	of	ADP
ajfa-810	172	4	finance	finance	PROPN
ajfa-810	172	5	&	&	CCONJ
ajfa-810	172	6	accounting	accounting	PROPN
ajfa-810	172	7	issn	issn	PROPN
ajfa-810	172	8	1946	1946	NUM
ajfa-810	172	9	-	-	PUNCT
ajfa-810	172	10	052x	052x	NOUN
ajfa-810	172	11	2012	2012	NUM
ajfa-810	172	12	,	,	PUNCT
ajfa-810	172	13	vol	vol	NOUN
ajfa-810	172	14	.	.	PROPN
ajfa-810	172	15	4	4	NUM
ajfa-810	172	16	,	,	PUNCT
ajfa-810	172	17	no	no	INTJ
ajfa-810	172	18	.	.	NOUN
ajfa-810	172	19	1	1	NUM
ajfa-810	172	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-810	172	21	12	12	NUM
ajfa-810	172	22	table	table	NOUN
ajfa-810	172	23	3	3	NUM
ajfa-810	172	24	.	.	X
ajfa-810	172	25	profile	profile	NOUN
ajfa-810	172	26	of	of	ADP
ajfa-810	172	27	respondents	respondent	NOUN
ajfa-810	172	28	accountants	accountant	NOUN
ajfa-810	172	29	financial	financial	ADJ
ajfa-810	172	30	analysts	analyst	NOUN
ajfa-810	172	31	overall	overall	ADJ
ajfa-810	172	32	frequency	frequency	NOUN
ajfa-810	172	33	percentage	percentage	NOUN
ajfa-810	172	34	frequency	frequency	NOUN
ajfa-810	172	35	percentage	percentage	NOUN
ajfa-810	172	36	frequency	frequency	NOUN
ajfa-810	172	37	percentage	percentage	NOUN
ajfa-810	172	38	gender	gender	NOUN
ajfa-810	172	39	male	male	NOUN
ajfa-810	172	40	52	52	NUM
ajfa-810	172	41	39.69	39.69	NUM
ajfa-810	172	42	37.00	37.00	NUM
ajfa-810	172	43	72.55	72.55	NUM
ajfa-810	172	44	89.00	89.00	NUM
ajfa-810	172	45	48.90	48.90	NUM
ajfa-810	172	46	female	female	NOUN
ajfa-810	172	47	79	79	NUM
ajfa-810	172	48	60.31	60.31	NUM
ajfa-810	172	49	14.00	14.00	NUM
ajfa-810	172	50	27.45	27.45	NUM
ajfa-810	172	51	93.00	93.00	NUM
ajfa-810	172	52	51.10	51.10	NUM
ajfa-810	172	53	total	total	NOUN
ajfa-810	172	54	131	131	NUM
ajfa-810	172	55	100.00	100.00	NUM
ajfa-810	172	56	51.00	51.00	NUM
ajfa-810	172	57	100.00	100.00	NUM
ajfa-810	172	58	182.00	182.00	NUM
ajfa-810	172	59	100.00	100.00	NUM
ajfa-810	172	60	educational	educational	ADJ
ajfa-810	172	61	background	background	NOUN
ajfa-810	172	62	bachelor	bachelor	NOUN
ajfa-810	172	63	degree	degree	NOUN
ajfa-810	172	64	74	74	NUM
ajfa-810	172	65	56.92	56.92	NUM
ajfa-810	172	66	25.00	25.00	NUM
ajfa-810	172	67	50.00	50.00	NUM
ajfa-810	172	68	99.00	99.00	NUM
ajfa-810	172	69	55.00	55.00	NUM
ajfa-810	172	70	master	master	NOUN
ajfa-810	172	71	6	6	NUM
ajfa-810	172	72	4.62	4.62	NUM
ajfa-810	172	73	19.00	19.00	NUM
ajfa-810	172	74	38.00	38.00	NUM
ajfa-810	172	75	25.00	25.00	NUM
ajfa-810	172	76	13.89	13.89	NUM
ajfa-810	172	77	ph.d	ph.d	NOUN
ajfa-810	172	78	1.00	1.00	NUM
ajfa-810	172	79	2.00	2.00	NUM
ajfa-810	172	80	1.00	1.00	NUM
ajfa-810	172	81	0.56	0.56	NUM
ajfa-810	172	82	professional	professional	ADJ
ajfa-810	172	83	qualification	qualification	NOUN
ajfa-810	172	84	(	(	PUNCT
ajfa-810	172	85	acca	acca	NOUN
ajfa-810	172	86	,	,	PUNCT
ajfa-810	172	87	cima	cima	PROPN
ajfa-810	172	88	,	,	PUNCT
ajfa-810	172	89	cfa	cfa	PROPN
ajfa-810	172	90	,	,	PUNCT
ajfa-810	172	91	etc	etc	X
ajfa-810	172	92	)	)	PUNCT
ajfa-810	172	93	50	50	NUM
ajfa-810	172	94	38.46	38.46	NUM
ajfa-810	172	95	5.00	5.00	NUM
ajfa-810	172	96	10.00	10.00	NUM
ajfa-810	172	97	55.00	55.00	NUM
ajfa-810	172	98	30.56	30.56	NUM
ajfa-810	172	99	total	total	NOUN
ajfa-810	172	100	130	130	NUM
ajfa-810	172	101	100.00	100.00	NUM
ajfa-810	172	102	50.00	50.00	NUM
ajfa-810	172	103	100.00	100.00	NUM
ajfa-810	172	104	180.00	180.00	NUM
ajfa-810	172	105	100.00	100.00	NUM
ajfa-810	172	106	employment	employment	NOUN
ajfa-810	172	107	category	category	NOUN
ajfa-810	172	108	audit	audit	NOUN
ajfa-810	172	109	firm	firm	NOUN
ajfa-810	172	110	103	103	NUM
ajfa-810	172	111	78.63	78.63	NUM
ajfa-810	172	112	1.00	1.00	NUM
ajfa-810	172	113	1.96	1.96	NUM
ajfa-810	172	114	104.00	104.00	NUM
ajfa-810	172	115	57.14	57.14	NUM
ajfa-810	172	116	non	non	ADJ
ajfa-810	172	117	-	-	ADJ
ajfa-810	172	118	audit	audit	ADJ
ajfa-810	172	119	firm	firm	NOUN
ajfa-810	172	120	28	28	NUM
ajfa-810	172	121	21.37	21.37	NUM
ajfa-810	172	122	50.00	50.00	NUM
ajfa-810	172	123	98.04	98.04	NUM
ajfa-810	172	124	78.00	78.00	NUM
ajfa-810	172	125	42.86	42.86	NUM
ajfa-810	172	126	total	total	NOUN
ajfa-810	172	127	131	131	NUM
ajfa-810	172	128	100.00	100.00	NUM
ajfa-810	172	129	51.00	51.00	NUM
ajfa-810	172	130	100.00	100.00	NUM
ajfa-810	172	131	182.00	182.00	NUM
ajfa-810	172	132	100.00	100.00	NUM
ajfa-810	172	133	age	age	NOUN
ajfa-810	172	134	range	range	NOUN
ajfa-810	172	135	below	below	ADP
ajfa-810	172	136	20	20	NUM
ajfa-810	172	137	20	20	NUM
ajfa-810	172	138	–	–	PUNCT
ajfa-810	172	139	29	29	NUM
ajfa-810	172	140	63	63	NUM
ajfa-810	172	141	48.09	48.09	NUM
ajfa-810	172	142	11.00	11.00	NUM
ajfa-810	172	143	21.57	21.57	NUM
ajfa-810	172	144	74.00	74.00	NUM
ajfa-810	172	145	40.66	40.66	NUM
ajfa-810	172	146	30	30	NUM
ajfa-810	172	147	-	-	SYM
ajfa-810	172	148	39	39	NUM
ajfa-810	172	149	35	35	NUM
ajfa-810	172	150	26.72	26.72	NUM
ajfa-810	172	151	22.00	22.00	NUM
ajfa-810	172	152	43.14	43.14	NUM
ajfa-810	172	153	57.00	57.00	NUM
ajfa-810	172	154	31.32	31.32	NUM
ajfa-810	172	155	40	40	NUM
ajfa-810	172	156	-	-	SYM
ajfa-810	172	157	49	49	NUM
ajfa-810	172	158	27	27	NUM
ajfa-810	172	159	20.61	20.61	NUM
ajfa-810	172	160	14.00	14.00	NUM
ajfa-810	172	161	27.45	27.45	NUM
ajfa-810	172	162	41.00	41.00	NUM
ajfa-810	172	163	22.53	22.53	NUM
ajfa-810	172	164	50	50	NUM
ajfa-810	172	165	-	-	SYM
ajfa-810	172	166	59	59	NUM
ajfa-810	172	167	4	4	NUM
ajfa-810	172	168	3.05	3.05	NUM
ajfa-810	172	169	4.00	4.00	NUM
ajfa-810	172	170	7.84	7.84	NUM
ajfa-810	172	171	8.00	8.00	NUM
ajfa-810	172	172	4.40	4.40	NUM
ajfa-810	172	173	60	60	NUM
ajfa-810	172	174	and	and	CCONJ
ajfa-810	172	175	above	above	ADP
ajfa-810	172	176	2	2	NUM
ajfa-810	172	177	1.53	1.53	NUM
ajfa-810	172	178	2.00	2.00	NUM
ajfa-810	172	179	1.10	1.10	NUM
ajfa-810	172	180	total	total	NOUN
ajfa-810	172	181	131	131	NUM
ajfa-810	172	182	100.00	100.00	NUM
ajfa-810	172	183	51.00	51.00	NUM
ajfa-810	172	184	100.00	100.00	NUM
ajfa-810	172	185	182.00	182.00	NUM
ajfa-810	172	186	100.00	100.00	NUM
ajfa-810	172	187	working	working	NOUN
ajfa-810	172	188	experience	experience	NOUN
ajfa-810	172	189	with	with	ADP
ajfa-810	172	190	current	current	ADJ
ajfa-810	172	191	profession	profession	NOUN
ajfa-810	172	192	below	below	ADP
ajfa-810	172	193	3	3	NUM
ajfa-810	172	194	years	year	NOUN
ajfa-810	172	195	63.00	63.00	NUM
ajfa-810	172	196	48.09	48.09	NUM
ajfa-810	172	197	15.00	15.00	NUM
ajfa-810	172	198	29.41	29.41	NUM
ajfa-810	172	199	78.00	78.00	NUM
ajfa-810	172	200	42.86	42.86	NUM
ajfa-810	172	201	3	3	NUM
ajfa-810	172	202	–	–	PUNCT
ajfa-810	172	203	7	7	NUM
ajfa-810	172	204	29.00	29.00	NUM
ajfa-810	172	205	22.14	22.14	NUM
ajfa-810	172	206	13.00	13.00	NUM
ajfa-810	172	207	25.49	25.49	NUM
ajfa-810	172	208	42.00	42.00	NUM
ajfa-810	172	209	23.08	23.08	NUM
ajfa-810	172	210	8	8	NUM
ajfa-810	172	211	–	–	PUNCT
ajfa-810	172	212	12	12	NUM
ajfa-810	172	213	16.00	16.00	NUM
ajfa-810	172	214	12.21	12.21	NUM
ajfa-810	172	215	10.00	10.00	NUM
ajfa-810	172	216	19.61	19.61	NUM
ajfa-810	172	217	26.00	26.00	NUM
ajfa-810	172	218	14.29	14.29	NUM
ajfa-810	172	219	13	13	NUM
ajfa-810	172	220	–	–	PUNCT
ajfa-810	172	221	17	17	NUM
ajfa-810	172	222	15.00	15.00	NUM
ajfa-810	172	223	11.45	11.45	NUM
ajfa-810	172	224	7.00	7.00	NUM
ajfa-810	172	225	13.73	13.73	NUM
ajfa-810	172	226	22.00	22.00	NUM
ajfa-810	172	227	12.09	12.09	NUM
ajfa-810	172	228	18	18	NUM
ajfa-810	172	229	–	–	PUNCT
ajfa-810	172	230	22	22	NUM
ajfa-810	172	231	2.00	2.00	NUM
ajfa-810	172	232	1.53	1.53	NUM
ajfa-810	172	233	3.00	3.00	NUM
ajfa-810	172	234	5.88	5.88	NUM
ajfa-810	172	235	5.00	5.00	NUM
ajfa-810	172	236	2.75	2.75	NUM
ajfa-810	172	237	23	23	NUM
ajfa-810	172	238	–	–	PUNCT
ajfa-810	172	239	27	27	NUM
ajfa-810	172	240	2.00	2.00	NUM
ajfa-810	172	241	1.53	1.53	NUM
ajfa-810	172	242	3.00	3.00	NUM
ajfa-810	172	243	5.88	5.88	NUM
ajfa-810	172	244	5.00	5.00	NUM
ajfa-810	172	245	2.75	2.75	NUM
ajfa-810	172	246	above	above	ADP
ajfa-810	172	247	27	27	NUM
ajfa-810	172	248	4.00	4.00	NUM
ajfa-810	172	249	3.05	3.05	NUM
ajfa-810	172	250	4.00	4.00	NUM
ajfa-810	172	251	2.20	2.20	NUM
ajfa-810	172	252	total	total	NOUN
ajfa-810	172	253	131.00	131.00	NUM
ajfa-810	172	254	100.00	100.00	NUM
ajfa-810	172	255	51.00	51.00	NUM
ajfa-810	172	256	100.00	100.00	NUM
ajfa-810	172	257	182.00	182.00	NUM
ajfa-810	172	258	100.00	100.00	NUM
ajfa-810	172	259	additional	additional	ADJ
ajfa-810	172	260	information	information	NOUN
ajfa-810	172	261	masters	master	NOUN
ajfa-810	172	262	1.00	1.00	NUM
ajfa-810	172	263	1.96	1.96	NUM
ajfa-810	172	264	1.00	1.00	NUM
ajfa-810	172	265	0.55	0.55	NUM
ajfa-810	172	266	professional	professional	ADJ
ajfa-810	172	267	qualifications	qualification	NOUN
ajfa-810	172	268	(	(	PUNCT
ajfa-810	172	269	acca	acca	NOUN
ajfa-810	172	270	,	,	PUNCT
ajfa-810	172	271	cima	cima	PROPN
ajfa-810	172	272	,	,	PUNCT
ajfa-810	172	273	cfa	cfa	PROPN
ajfa-810	172	274	,	,	PUNCT
ajfa-810	172	275	etc	etc	X
ajfa-810	172	276	)	)	PUNCT
ajfa-810	172	277	15.00	15.00	NUM
ajfa-810	172	278	11.45	11.45	NUM
ajfa-810	172	279	7.00	7.00	NUM
ajfa-810	172	280	13.73	13.73	NUM
ajfa-810	172	281	22.00	22.00	NUM
ajfa-810	172	282	12.09	12.09	NUM
ajfa-810	172	283	asian	asian	ADJ
ajfa-810	172	284	journal	journal	NOUN
ajfa-810	172	285	of	of	ADP
ajfa-810	172	286	finance	finance	PROPN
ajfa-810	172	287	&	&	CCONJ
ajfa-810	172	288	accounting	accounting	PROPN
ajfa-810	172	289	issn	issn	PROPN
ajfa-810	172	290	1946	1946	NUM
ajfa-810	172	291	-	-	PUNCT
ajfa-810	172	292	052x	052x	NOUN
ajfa-810	172	293	2012	2012	NUM
ajfa-810	172	294	,	,	PUNCT
ajfa-810	172	295	vol	vol	NOUN
ajfa-810	172	296	.	.	PROPN
ajfa-810	172	297	4	4	NUM
ajfa-810	172	298	,	,	PUNCT
ajfa-810	172	299	no	no	INTJ
ajfa-810	172	300	.	.	NOUN
ajfa-810	172	301	1	1	NUM
ajfa-810	172	302	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-810	172	303	13	13	NUM
ajfa-810	172	304	5	5	NUM
ajfa-810	172	305	.	.	PUNCT
ajfa-810	172	306	response	response	NOUN
ajfa-810	172	307	rate	rate	NOUN
ajfa-810	172	308	and	and	CCONJ
ajfa-810	172	309	reliability	reliability	NOUN
ajfa-810	172	310	test	test	NOUN
ajfa-810	172	311	results	result	NOUN
ajfa-810	172	312	for	for	ADP
ajfa-810	172	313	accountants	accountant	NOUN
ajfa-810	172	314	,	,	PUNCT
ajfa-810	172	315	total	total	NOUN
ajfa-810	172	316	of	of	ADP
ajfa-810	172	317	three	three	NUM
ajfa-810	172	318	hundred	hundred	NUM
ajfa-810	172	319	and	and	CCONJ
ajfa-810	172	320	twenty	twenty	NUM
ajfa-810	172	321	seven	seven	NUM
ajfa-810	172	322	questionnaires	questionnaire	NOUN
ajfa-810	172	323	(	(	PUNCT
ajfa-810	172	324	i.e.	i.e.	X
ajfa-810	172	325	two	two	NUM
ajfa-810	172	326	hundred	hundred	NUM
ajfa-810	172	327	sixty	sixty	NUM
ajfa-810	172	328	nine	nine	NUM
ajfa-810	172	329	questionnaires	questionnaire	NOUN
ajfa-810	172	330	to	to	PART
ajfa-810	172	331	audit	audit	VERB
ajfa-810	172	332	firms	firm	NOUN
ajfa-810	172	333	and	and	CCONJ
ajfa-810	172	334	fifty	fifty	NUM
ajfa-810	172	335	eight	eight	NUM
ajfa-810	172	336	questionnaires	questionnaire	NOUN
ajfa-810	172	337	to	to	ADP
ajfa-810	172	338	commercial	commercial	ADJ
ajfa-810	172	339	firms	firm	NOUN
ajfa-810	172	340	)	)	PUNCT
ajfa-810	172	341	are	be	AUX
ajfa-810	172	342	distributed	distribute	VERB
ajfa-810	172	343	to	to	ADP
ajfa-810	172	344	fifty	fifty	NUM
ajfa-810	172	345	-	-	PUNCT
ajfa-810	172	346	two	two	NUM
ajfa-810	172	347	audit	audit	NOUN
ajfa-810	172	348	firms	firm	NOUN
ajfa-810	172	349	and	and	CCONJ
ajfa-810	172	350	fourteen	fourteen	NUM
ajfa-810	172	351	commercial	commercial	ADJ
ajfa-810	172	352	firms	firm	NOUN
ajfa-810	172	353	.	.	PUNCT
ajfa-810	173	1	the	the	DET
ajfa-810	173	2	questionnaires	questionnaire	NOUN
ajfa-810	173	3	are	be	AUX
ajfa-810	173	4	distributed	distribute	VERB
ajfa-810	173	5	and	and	CCONJ
ajfa-810	173	6	collected	collect	VERB
ajfa-810	173	7	either	either	CCONJ
ajfa-810	173	8	by	by	ADP
ajfa-810	173	9	hand	hand	NOUN
ajfa-810	173	10	or	or	CCONJ
ajfa-810	173	11	mail	mail	NOUN
ajfa-810	173	12	.	.	PUNCT
ajfa-810	174	1	out	out	ADP
ajfa-810	174	2	of	of	ADP
ajfa-810	174	3	three	three	NUM
ajfa-810	174	4	hundred	hundred	NUM
ajfa-810	174	5	and	and	CCONJ
ajfa-810	174	6	twenty	twenty	NUM
ajfa-810	174	7	seven	seven	NUM
ajfa-810	174	8	questionnaires	questionnaire	NOUN
ajfa-810	174	9	dispatched	dispatch	VERB
ajfa-810	174	10	one	one	NUM
ajfa-810	174	11	hundred	hundred	NUM
ajfa-810	174	12	and	and	CCONJ
ajfa-810	174	13	thirty	thirty	NUM
ajfa-810	174	14	one	one	NUM
ajfa-810	174	15	accountants	accountant	NOUN
ajfa-810	174	16	response	response	NOUN
ajfa-810	174	17	and	and	CCONJ
ajfa-810	174	18	hence	hence	ADV
ajfa-810	174	19	the	the	DET
ajfa-810	174	20	response	response	NOUN
ajfa-810	174	21	rate	rate	NOUN
ajfa-810	174	22	is	be	AUX
ajfa-810	174	23	forty	forty	NUM
ajfa-810	174	24	percent	percent	NOUN
ajfa-810	174	25	.	.	PUNCT
ajfa-810	175	1	in	in	ADP
ajfa-810	175	2	the	the	DET
ajfa-810	175	3	case	case	NOUN
ajfa-810	175	4	of	of	ADP
ajfa-810	175	5	financial	financial	ADJ
ajfa-810	175	6	analysts	analyst	NOUN
ajfa-810	175	7	,	,	PUNCT
ajfa-810	175	8	eighty	eighty	NUM
ajfa-810	175	9	-	-	PUNCT
ajfa-810	175	10	three	three	NUM
ajfa-810	175	11	questionnaires	questionnaire	NOUN
ajfa-810	175	12	are	be	AUX
ajfa-810	175	13	sent	send	VERB
ajfa-810	175	14	to	to	ADP
ajfa-810	175	15	eighteen	eighteen	NUM
ajfa-810	175	16	equity	equity	NOUN
ajfa-810	175	17	broker	broker	NOUN
ajfa-810	175	18	companies	company	NOUN
ajfa-810	175	19	.	.	PUNCT
ajfa-810	176	1	all	all	DET
ajfa-810	176	2	the	the	DET
ajfa-810	176	3	questionnaires	questionnaire	NOUN
ajfa-810	176	4	are	be	AUX
ajfa-810	176	5	sent	send	VERB
ajfa-810	176	6	by	by	ADP
ajfa-810	176	7	hand	hand	NOUN
ajfa-810	176	8	.	.	PUNCT
ajfa-810	177	1	only	only	ADV
ajfa-810	177	2	fifty	fifty	NUM
ajfa-810	177	3	-	-	PUNCT
ajfa-810	177	4	one	one	NUM
ajfa-810	177	5	financial	financial	ADJ
ajfa-810	177	6	analysts	analyst	NOUN
ajfa-810	177	7	respond	respond	VERB
ajfa-810	177	8	to	to	ADP
ajfa-810	177	9	the	the	DET
ajfa-810	177	10	questionnaires	questionnaire	NOUN
ajfa-810	177	11	.	.	PUNCT
ajfa-810	178	1	hence	hence	ADV
ajfa-810	178	2	the	the	DET
ajfa-810	178	3	response	response	NOUN
ajfa-810	178	4	rate	rate	NOUN
ajfa-810	178	5	is	be	AUX
ajfa-810	178	6	sixty	sixty	NUM
ajfa-810	178	7	three	three	NUM
ajfa-810	178	8	percent	percent	NOUN
ajfa-810	178	9	.	.	PUNCT
ajfa-810	179	1	of	of	ADP
ajfa-810	179	2	the	the	DET
ajfa-810	179	3	fifty	fifty	NUM
ajfa-810	179	4	-	-	PUNCT
ajfa-810	179	5	one	one	NUM
ajfa-810	179	6	respondents	respondent	NOUN
ajfa-810	179	7	,	,	PUNCT
ajfa-810	179	8	forty	forty	NUM
ajfa-810	179	9	-	-	PUNCT
ajfa-810	179	10	three	three	NUM
ajfa-810	179	11	questionnaires	questionnaire	NOUN
ajfa-810	179	12	are	be	AUX
ajfa-810	179	13	collected	collect	VERB
ajfa-810	179	14	by	by	ADP
ajfa-810	179	15	hand	hand	NOUN
ajfa-810	179	16	.	.	PUNCT
ajfa-810	180	1	due	due	ADP
ajfa-810	180	2	to	to	ADP
ajfa-810	180	3	late	late	ADJ
ajfa-810	180	4	responses	response	NOUN
ajfa-810	180	5	,	,	PUNCT
ajfa-810	180	6	envelopes	envelope	NOUN
ajfa-810	180	7	are	be	AUX
ajfa-810	180	8	left	leave	VERB
ajfa-810	180	9	for	for	SCONJ
ajfa-810	180	10	the	the	DET
ajfa-810	180	11	financial	financial	ADJ
ajfa-810	180	12	analysts	analyst	NOUN
ajfa-810	180	13	to	to	PART
ajfa-810	180	14	reply	reply	VERB
ajfa-810	180	15	through	through	ADP
ajfa-810	180	16	mail	mail	NOUN
ajfa-810	180	17	.	.	PUNCT
ajfa-810	181	1	later	later	ADV
ajfa-810	181	2	on	on	ADV
ajfa-810	181	3	,	,	PUNCT
ajfa-810	181	4	one	one	NUM
ajfa-810	181	5	questionnaire	questionnaire	NOUN
ajfa-810	181	6	is	be	AUX
ajfa-810	181	7	collected	collect	VERB
ajfa-810	181	8	by	by	ADP
ajfa-810	181	9	hand	hand	NOUN
ajfa-810	181	10	,	,	PUNCT
ajfa-810	181	11	six	six	NUM
ajfa-810	181	12	questionnaires	questionnaire	NOUN
ajfa-810	181	13	are	be	AUX
ajfa-810	181	14	received	receive	VERB
ajfa-810	181	15	by	by	ADP
ajfa-810	181	16	mail	mail	NOUN
ajfa-810	181	17	,	,	PUNCT
ajfa-810	181	18	and	and	CCONJ
ajfa-810	181	19	one	one	NUM
ajfa-810	181	20	is	be	AUX
ajfa-810	181	21	received	receive	VERB
ajfa-810	181	22	through	through	ADP
ajfa-810	181	23	e	e	NOUN
ajfa-810	181	24	-	-	NOUN
ajfa-810	181	25	mail	mail	NOUN
ajfa-810	181	26	.	.	PUNCT
ajfa-810	182	1	the	the	DET
ajfa-810	182	2	weighted	weight	VERB
ajfa-810	182	3	social	social	ADJ
ajfa-810	182	4	and	and	CCONJ
ajfa-810	182	5	environmental	environmental	ADJ
ajfa-810	182	6	information	information	NOUN
ajfa-810	182	7	disclosure	disclosure	NOUN
ajfa-810	182	8	score	score	NOUN
ajfa-810	182	9	used	use	VERB
ajfa-810	182	10	in	in	ADP
ajfa-810	182	11	this	this	DET
ajfa-810	182	12	study	study	NOUN
ajfa-810	182	13	is	be	AUX
ajfa-810	182	14	based	base	VERB
ajfa-810	182	15	on	on	ADP
ajfa-810	182	16	the	the	DET
ajfa-810	182	17	opinions	opinion	NOUN
ajfa-810	182	18	of	of	ADP
ajfa-810	182	19	one	one	NUM
ajfa-810	182	20	hundred	hundred	NUM
ajfa-810	182	21	and	and	CCONJ
ajfa-810	182	22	thirty	thirty	NUM
ajfa-810	182	23	one	one	NUM
ajfa-810	182	24	accountants	accountant	NOUN
ajfa-810	182	25	and	and	CCONJ
ajfa-810	182	26	fifty	fifty	NUM
ajfa-810	182	27	-	-	PUNCT
ajfa-810	182	28	one	one	NUM
ajfa-810	182	29	financial	financial	ADJ
ajfa-810	182	30	analysts	analyst	NOUN
ajfa-810	182	31	.	.	PUNCT
ajfa-810	183	1	there	there	PRON
ajfa-810	183	2	is	be	VERB
ajfa-810	183	3	no	no	DET
ajfa-810	183	4	non	non	ADJ
ajfa-810	183	5	-	-	ADJ
ajfa-810	183	6	response	response	ADJ
ajfa-810	183	7	bias	bias	NOUN
ajfa-810	183	8	from	from	ADP
ajfa-810	183	9	the	the	DET
ajfa-810	183	10	questionnaire	questionnaire	NOUN
ajfa-810	183	11	received	receive	VERB
ajfa-810	183	12	from	from	ADP
ajfa-810	183	13	the	the	DET
ajfa-810	183	14	accountants	accountant	NOUN
ajfa-810	183	15	and	and	CCONJ
ajfa-810	183	16	financial	financial	ADJ
ajfa-810	183	17	analysts	analyst	NOUN
ajfa-810	183	18	based	base	VERB
ajfa-810	183	19	on	on	ADP
ajfa-810	183	20	t	t	PROPN
ajfa-810	183	21	statistics	statistic	NOUN
ajfa-810	183	22	and	and	CCONJ
ajfa-810	183	23	mann	mann	PROPN
ajfa-810	183	24	-	-	PUNCT
ajfa-810	183	25	whitney	whitney	PROPN
ajfa-810	183	26	u	u	PROPN
ajfa-810	183	27	test	test	NOUN
ajfa-810	183	28	(	(	PUNCT
ajfa-810	183	29	refer	refer	VERB
ajfa-810	183	30	to	to	ADP
ajfa-810	183	31	table	table	NOUN
ajfa-810	183	32	4	4	NUM
ajfa-810	183	33	)	)	PUNCT
ajfa-810	183	34	.	.	PUNCT
ajfa-810	184	1	the	the	DET
ajfa-810	184	2	reliability	reliability	NOUN
ajfa-810	184	3	test	test	NOUN
ajfa-810	184	4	results	result	NOUN
ajfa-810	184	5	show	show	VERB
ajfa-810	184	6	that	that	SCONJ
ajfa-810	184	7	the	the	DET
ajfa-810	184	8	alpha	alpha	NOUN
ajfa-810	184	9	value	value	NOUN
ajfa-810	184	10	is	be	AUX
ajfa-810	184	11	0.89	0.89	NUM
ajfa-810	184	12	and	and	CCONJ
ajfa-810	184	13	so	so	ADV
ajfa-810	184	14	the	the	DET
ajfa-810	184	15	weighted	weight	VERB
ajfa-810	184	16	social	social	ADJ
ajfa-810	184	17	and	and	CCONJ
ajfa-810	184	18	environmental	environmental	ADJ
ajfa-810	184	19	disclosure	disclosure	NOUN
ajfa-810	184	20	score	score	NOUN
ajfa-810	184	21	used	use	VERB
ajfa-810	184	22	in	in	ADP
ajfa-810	184	23	this	this	DET
ajfa-810	184	24	study	study	NOUN
ajfa-810	184	25	is	be	AUX
ajfa-810	184	26	reliable	reliable	ADJ
ajfa-810	184	27	.	.	PUNCT
ajfa-810	185	1	table	table	NOUN
ajfa-810	185	2	4	4	NUM
ajfa-810	185	3	.	.	PUNCT
ajfa-810	185	4	reliability	reliability	NOUN
ajfa-810	185	5	test	test	NOUN
ajfa-810	185	6	results	result	NOUN
ajfa-810	185	7	:	:	PUNCT
ajfa-810	185	8	actual	actual	ADJ
ajfa-810	185	9	respondents	respondent	NOUN
ajfa-810	185	10	alpha	alpha	PROPN
ajfa-810	185	11	accountants	accountant	NOUN
ajfa-810	185	12	financial	financial	ADJ
ajfa-810	185	13	analysts	analyst	NOUN
ajfa-810	185	14	overall	overall	ADJ
ajfa-810	185	15	disclosure	disclosure	NOUN
ajfa-810	185	16	on	on	ADP
ajfa-810	185	17	social	social	ADJ
ajfa-810	185	18	,	,	PUNCT
ajfa-810	185	19	environmental	environmental	ADJ
ajfa-810	185	20	and	and	CCONJ
ajfa-810	185	21	value	value	NOUN
ajfa-810	185	22	added	add	VERB
ajfa-810	185	23	information	information	NOUN
ajfa-810	185	24	0.88	0.88	NUM
ajfa-810	185	25	0.90	0.90	NUM
ajfa-810	185	26	0.89	0.89	NUM
ajfa-810	185	27	6	6	NUM
ajfa-810	185	28	.	.	PUNCT
ajfa-810	186	1	discussion	discussion	NOUN
ajfa-810	186	2	on	on	ADP
ajfa-810	186	3	the	the	DET
ajfa-810	186	4	results	result	NOUN
ajfa-810	186	5	based	base	VERB
ajfa-810	186	6	on	on	ADP
ajfa-810	186	7	the	the	DET
ajfa-810	186	8	descriptive	descriptive	ADJ
ajfa-810	186	9	statistics	statistic	NOUN
ajfa-810	186	10	results	result	NOUN
ajfa-810	186	11	(	(	PUNCT
ajfa-810	186	12	refer	refer	VERB
ajfa-810	186	13	to	to	ADP
ajfa-810	186	14	table	table	NOUN
ajfa-810	186	15	5	5	NUM
ajfa-810	186	16	)	)	PUNCT
ajfa-810	186	17	,	,	PUNCT
ajfa-810	186	18	board	board	NOUN
ajfa-810	186	19	leadership	leadership	NOUN
ajfa-810	186	20	structure	structure	NOUN
ajfa-810	186	21	with	with	ADP
ajfa-810	186	22	mean	mean	ADJ
ajfa-810	186	23	value	value	NOUN
ajfa-810	186	24	(	(	PUNCT
ajfa-810	186	25	0.81	0.81	NUM
ajfa-810	186	26	)	)	PUNCT
ajfa-810	186	27	shows	show	VERB
ajfa-810	186	28	that	that	SCONJ
ajfa-810	186	29	a	a	DET
ajfa-810	186	30	majority	majority	NOUN
ajfa-810	186	31	of	of	ADP
ajfa-810	186	32	the	the	DET
ajfa-810	186	33	companies	company	NOUN
ajfa-810	186	34	have	have	VERB
ajfa-810	186	35	separate	separate	ADJ
ajfa-810	186	36	leadership	leadership	NOUN
ajfa-810	186	37	structure	structure	NOUN
ajfa-810	186	38	although	although	SCONJ
ajfa-810	186	39	the	the	DET
ajfa-810	186	40	minimum	minimum	NOUN
ajfa-810	186	41	value	value	NOUN
ajfa-810	186	42	(	(	PUNCT
ajfa-810	186	43	zero	zero	NUM
ajfa-810	186	44	)	)	PUNCT
ajfa-810	186	45	shows	show	VERB
ajfa-810	186	46	that	that	SCONJ
ajfa-810	186	47	there	there	PRON
ajfa-810	186	48	are	be	VERB
ajfa-810	186	49	companies	company	NOUN
ajfa-810	186	50	,	,	PUNCT
ajfa-810	186	51	which	which	PRON
ajfa-810	186	52	have	have	VERB
ajfa-810	186	53	combined	combine	VERB
ajfa-810	186	54	leadership	leadership	NOUN
ajfa-810	186	55	structure	structure	NOUN
ajfa-810	186	56	.	.	PUNCT
ajfa-810	187	1	similar	similar	ADJ
ajfa-810	187	2	to	to	ADP
ajfa-810	187	3	the	the	DET
ajfa-810	187	4	recommendation	recommendation	NOUN
ajfa-810	187	5	of	of	ADP
ajfa-810	187	6	the	the	DET
ajfa-810	187	7	mccg	mccg	NOUN
ajfa-810	187	8	(	(	PUNCT
ajfa-810	187	9	2001	2001	NUM
ajfa-810	187	10	)	)	PUNCT
ajfa-810	187	11	,	,	PUNCT
ajfa-810	187	12	the	the	DET
ajfa-810	187	13	sample	sample	NOUN
ajfa-810	187	14	mean	mean	NOUN
ajfa-810	187	15	value	value	NOUN
ajfa-810	187	16	(	(	PUNCT
ajfa-810	187	17	0.36	0.36	NUM
ajfa-810	187	18	)	)	PUNCT
ajfa-810	187	19	shows	show	VERB
ajfa-810	187	20	that	that	SCONJ
ajfa-810	187	21	ratio	ratio	NOUN
ajfa-810	187	22	of	of	ADP
ajfa-810	187	23	independent	independent	ADJ
ajfa-810	187	24	directors	director	NOUN
ajfa-810	187	25	is	be	AUX
ajfa-810	187	26	slightly	slightly	ADV
ajfa-810	187	27	more	more	ADJ
ajfa-810	187	28	than	than	ADP
ajfa-810	187	29	one	one	NUM
ajfa-810	187	30	third	third	NOUN
ajfa-810	187	31	of	of	ADP
ajfa-810	187	32	the	the	DET
ajfa-810	187	33	total	total	ADJ
ajfa-810	187	34	number	number	NOUN
ajfa-810	187	35	of	of	ADP
ajfa-810	187	36	the	the	DET
ajfa-810	187	37	directors	director	NOUN
ajfa-810	187	38	.	.	PUNCT
ajfa-810	188	1	the	the	DET
ajfa-810	188	2	mean	mean	ADJ
ajfa-810	188	3	value	value	NOUN
ajfa-810	188	4	(	(	PUNCT
ajfa-810	188	5	8.23	8.23	NUM
ajfa-810	188	6	)	)	PUNCT
ajfa-810	188	7	of	of	ADP
ajfa-810	188	8	board	board	NOUN
ajfa-810	188	9	size	size	NOUN
ajfa-810	188	10	shows	show	VERB
ajfa-810	188	11	existence	existence	NOUN
ajfa-810	188	12	of	of	ADP
ajfa-810	188	13	a	a	DET
ajfa-810	188	14	quite	quite	DET
ajfa-810	188	15	a	a	DET
ajfa-810	188	16	reasonable	reasonable	ADJ
ajfa-810	188	17	board	board	NOUN
ajfa-810	188	18	size	size	NOUN
ajfa-810	188	19	,	,	PUNCT
ajfa-810	188	20	e.g.	e.g.	ADV
ajfa-810	188	21	jensen	jensen	PROPN
ajfa-810	188	22	and	and	CCONJ
ajfa-810	188	23	ruback	ruback	PROPN
ajfa-810	188	24	(	(	PUNCT
ajfa-810	188	25	1983	1983	NUM
ajfa-810	188	26	)	)	PUNCT
ajfa-810	188	27	suggest	suggest	VERB
ajfa-810	188	28	that	that	SCONJ
ajfa-810	188	29	a	a	DET
ajfa-810	188	30	board	board	NOUN
ajfa-810	188	31	size	size	NOUN
ajfa-810	188	32	of	of	ADP
ajfa-810	188	33	not	not	PART
ajfa-810	188	34	more	more	ADJ
ajfa-810	188	35	than	than	ADP
ajfa-810	188	36	7	7	NUM
ajfa-810	188	37	or	or	CCONJ
ajfa-810	188	38	8	8	NUM
ajfa-810	188	39	members	member	NOUN
ajfa-810	188	40	is	be	AUX
ajfa-810	188	41	considered	consider	VERB
ajfa-810	188	42	reasonable	reasonable	ADJ
ajfa-810	188	43	in	in	ADP
ajfa-810	188	44	ensuring	ensure	VERB
ajfa-810	188	45	effectiveness	effectiveness	NOUN
ajfa-810	188	46	.	.	PUNCT
ajfa-810	189	1	for	for	ADP
ajfa-810	189	2	ownership	ownership	NOUN
ajfa-810	189	3	,	,	PUNCT
ajfa-810	189	4	the	the	DET
ajfa-810	189	5	mean	mean	ADJ
ajfa-810	189	6	values	value	NOUN
ajfa-810	189	7	of	of	ADP
ajfa-810	189	8	director	director	NOUN
ajfa-810	189	9	ownership	ownership	NOUN
ajfa-810	189	10	and	and	CCONJ
ajfa-810	189	11	institutional	institutional	ADJ
ajfa-810	189	12	ownership	ownership	NOUN
ajfa-810	189	13	are	be	AUX
ajfa-810	189	14	0.02	0.02	NUM
ajfa-810	189	15	and	and	CCONJ
ajfa-810	189	16	0.17	0.17	NUM
ajfa-810	189	17	respectively	respectively	ADV
ajfa-810	189	18	.	.	PUNCT
ajfa-810	190	1	the	the	DET
ajfa-810	190	2	ownership	ownership	NOUN
ajfa-810	190	3	of	of	ADP
ajfa-810	190	4	shares	share	NOUN
ajfa-810	190	5	by	by	ADP
ajfa-810	190	6	directors	director	NOUN
ajfa-810	190	7	can	can	AUX
ajfa-810	190	8	be	be	AUX
ajfa-810	190	9	considered	consider	VERB
ajfa-810	190	10	very	very	ADV
ajfa-810	190	11	low	low	ADJ
ajfa-810	190	12	where	where	SCONJ
ajfa-810	190	13	,	,	PUNCT
ajfa-810	190	14	on	on	ADP
ajfa-810	190	15	average	average	ADJ
ajfa-810	190	16	,	,	PUNCT
ajfa-810	190	17	only	only	ADV
ajfa-810	190	18	2	2	NUM
ajfa-810	190	19	asian	asian	ADJ
ajfa-810	190	20	journal	journal	NOUN
ajfa-810	190	21	of	of	ADP
ajfa-810	190	22	finance	finance	PROPN
ajfa-810	190	23	&	&	CCONJ
ajfa-810	190	24	accounting	accounting	PROPN
ajfa-810	190	25	issn	issn	PROPN
ajfa-810	190	26	1946	1946	NUM
ajfa-810	190	27	-	-	PUNCT
ajfa-810	190	28	052x	052x	NOUN
ajfa-810	190	29	2012	2012	NUM
ajfa-810	190	30	,	,	PUNCT
ajfa-810	190	31	vol	vol	NOUN
ajfa-810	190	32	.	.	PROPN
ajfa-810	190	33	4	4	NUM
ajfa-810	190	34	,	,	PUNCT
ajfa-810	190	35	no	no	INTJ
ajfa-810	190	36	.	.	NOUN
ajfa-810	190	37	1	1	NUM
ajfa-810	190	38	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-810	190	39	14	14	NUM
ajfa-810	190	40	percent	percent	NOUN
ajfa-810	190	41	of	of	ADP
ajfa-810	190	42	shares	share	NOUN
ajfa-810	190	43	owned	own	VERB
ajfa-810	190	44	by	by	ADP
ajfa-810	190	45	the	the	DET
ajfa-810	190	46	directors	director	NOUN
ajfa-810	190	47	.	.	PUNCT
ajfa-810	191	1	on	on	ADP
ajfa-810	191	2	the	the	DET
ajfa-810	191	3	other	other	ADJ
ajfa-810	191	4	hand	hand	NOUN
ajfa-810	191	5	,	,	PUNCT
ajfa-810	191	6	institutional	institutional	ADJ
ajfa-810	191	7	investors	investor	NOUN
ajfa-810	191	8	,	,	PUNCT
ajfa-810	191	9	on	on	ADP
ajfa-810	191	10	average	average	ADJ
ajfa-810	191	11	,	,	PUNCT
ajfa-810	191	12	owned	own	VERB
ajfa-810	191	13	17	17	NUM
ajfa-810	191	14	percent	percent	NOUN
ajfa-810	191	15	of	of	ADP
ajfa-810	191	16	shares	share	NOUN
ajfa-810	191	17	,	,	PUNCT
ajfa-810	191	18	which	which	PRON
ajfa-810	191	19	could	could	AUX
ajfa-810	191	20	still	still	ADV
ajfa-810	191	21	be	be	AUX
ajfa-810	191	22	considered	consider	VERB
ajfa-810	191	23	low	low	ADJ
ajfa-810	191	24	although	although	SCONJ
ajfa-810	191	25	it	it	PRON
ajfa-810	191	26	is	be	AUX
ajfa-810	191	27	significantly	significantly	ADV
ajfa-810	191	28	higher	high	ADJ
ajfa-810	191	29	than	than	ADP
ajfa-810	191	30	the	the	DET
ajfa-810	191	31	ownership	ownership	NOUN
ajfa-810	191	32	by	by	ADP
ajfa-810	191	33	the	the	DET
ajfa-810	191	34	directors	director	NOUN
ajfa-810	191	35	.	.	PUNCT
ajfa-810	192	1	in	in	ADP
ajfa-810	192	2	the	the	DET
ajfa-810	192	3	case	case	NOUN
ajfa-810	192	4	of	of	ADP
ajfa-810	192	5	block	block	NOUN
ajfa-810	192	6	ownership	ownership	NOUN
ajfa-810	192	7	,	,	PUNCT
ajfa-810	192	8	its	its	PRON
ajfa-810	192	9	mean	mean	ADJ
ajfa-810	192	10	value	value	NOUN
ajfa-810	192	11	(	(	PUNCT
ajfa-810	192	12	0.53	0.53	NUM
ajfa-810	192	13	)	)	PUNCT
ajfa-810	192	14	shows	show	VERB
ajfa-810	192	15	that	that	SCONJ
ajfa-810	192	16	large	large	ADJ
ajfa-810	192	17	shareholders	shareholder	NOUN
ajfa-810	192	18	own	own	VERB
ajfa-810	192	19	the	the	DET
ajfa-810	192	20	significant	significant	ADJ
ajfa-810	192	21	portion	portion	NOUN
ajfa-810	192	22	of	of	ADP
ajfa-810	192	23	the	the	DET
ajfa-810	192	24	shares	share	NOUN
ajfa-810	192	25	.	.	PUNCT
ajfa-810	193	1	the	the	DET
ajfa-810	193	2	mean	mean	ADJ
ajfa-810	193	3	value	value	NOUN
ajfa-810	193	4	of	of	ADP
ajfa-810	193	5	weighted	weight	VERB
ajfa-810	193	6	social	social	ADJ
ajfa-810	193	7	and	and	CCONJ
ajfa-810	193	8	environmental	environmental	ADJ
ajfa-810	193	9	disclosure	disclosure	NOUN
ajfa-810	193	10	score	score	NOUN
ajfa-810	193	11	is	be	AUX
ajfa-810	193	12	176.23	176.23	NUM
ajfa-810	193	13	.	.	PUNCT
ajfa-810	194	1	as	as	ADP
ajfa-810	194	2	for	for	ADP
ajfa-810	194	3	the	the	DET
ajfa-810	194	4	firm	firm	ADJ
ajfa-810	194	5	-	-	PUNCT
ajfa-810	194	6	specific	specific	ADJ
ajfa-810	194	7	characteristics	characteristic	NOUN
ajfa-810	194	8	,	,	PUNCT
ajfa-810	194	9	the	the	DET
ajfa-810	194	10	sample	sample	NOUN
ajfa-810	194	11	companies	company	NOUN
ajfa-810	194	12	have	have	VERB
ajfa-810	194	13	the	the	DET
ajfa-810	194	14	means	mean	NOUN
ajfa-810	194	15	values	value	NOUN
ajfa-810	194	16	of	of	ADP
ajfa-810	194	17	rm45992.19	rm45992.19	PROPN
ajfa-810	194	18	millions	million	NOUN
ajfa-810	194	19	for	for	ADP
ajfa-810	194	20	total	total	ADJ
ajfa-810	194	21	assets	asset	NOUN
ajfa-810	194	22	and	and	CCONJ
ajfa-810	194	23	344.73	344.73	NUM
ajfa-810	194	24	for	for	ADP
ajfa-810	194	25	the	the	DET
ajfa-810	194	26	ratio	ratio	NOUN
ajfa-810	194	27	of	of	ADP
ajfa-810	194	28	total	total	ADJ
ajfa-810	194	29	debt	debt	NOUN
ajfa-810	194	30	to	to	ADP
ajfa-810	194	31	total	total	ADJ
ajfa-810	194	32	equity	equity	NOUN
ajfa-810	194	33	.	.	PUNCT
ajfa-810	195	1	in	in	ADP
ajfa-810	195	2	addition	addition	NOUN
ajfa-810	195	3	,	,	PUNCT
ajfa-810	195	4	table	table	NOUN
ajfa-810	195	5	6	6	NUM
ajfa-810	195	6	shows	show	VERB
ajfa-810	195	7	the	the	DET
ajfa-810	195	8	correlation	correlation	NOUN
ajfa-810	195	9	among	among	ADP
ajfa-810	195	10	the	the	DET
ajfa-810	195	11	independent	independent	ADJ
ajfa-810	195	12	variables	variable	NOUN
ajfa-810	195	13	.	.	PUNCT
ajfa-810	196	1	table	table	NOUN
ajfa-810	196	2	5	5	NUM
ajfa-810	196	3	.	.	PUNCT
ajfa-810	196	4	descriptive	descriptive	ADJ
ajfa-810	196	5	statistics	statistic	NOUN
ajfa-810	196	6	:	:	PUNCT
ajfa-810	196	7	independent	independent	ADJ
ajfa-810	196	8	,	,	PUNCT
ajfa-810	196	9	dependent	dependent	ADJ
ajfa-810	196	10	and	and	CCONJ
ajfa-810	196	11	control	control	NOUN
ajfa-810	196	12	variables	variable	NOUN
ajfa-810	196	13	mean	mean	VERB
ajfa-810	197	1	std	std	X
ajfa-810	197	2	.	.	PROPN
ajfa-810	197	3	dev	dev	PROPN
ajfa-810	197	4	.	.	PUNCT
ajfa-810	198	1	min	min	PROPN
ajfa-810	198	2	median	median	PROPN
ajfa-810	198	3	max	max	PROPN
ajfa-810	198	4	skewness	skewness	NOUN
ajfa-810	198	5	kurtosis	kurtosis	VERB
ajfa-810	198	6	independent	independent	ADJ
ajfa-810	198	7	variables	variable	NOUN
ajfa-810	198	8	cg	cg	PROPN
ajfa-810	198	9	variables	variable	NOUN
ajfa-810	198	10	bls	bls	PROPN
ajfa-810	198	11	0.81	0.81	NUM
ajfa-810	198	12	0.40	0.40	NUM
ajfa-810	198	13	0.00	0.00	NUM
ajfa-810	198	14	1.00	1.00	NUM
ajfa-810	198	15	1.00	1.00	NUM
ajfa-810	198	16	-1.57	-1.57	NUM
ajfa-810	198	17	0.46	0.46	NUM
ajfa-810	198	18	ine_bz	ine_bz	NOUN
ajfa-810	198	19	0.36	0.36	NUM
ajfa-810	198	20	0.18	0.18	NUM
ajfa-810	198	21	0.10	0.10	NUM
ajfa-810	198	22	0.33	0.33	NUM
ajfa-810	198	23	0.83	0.83	NUM
ajfa-810	198	24	0.68	0.68	NUM
ajfa-810	198	25	-0.49	-0.49	ADP
ajfa-810	198	26	bz	bz	PROPN
ajfa-810	198	27	8.23	8.23	NUM
ajfa-810	198	28	2.34	2.34	NUM
ajfa-810	198	29	4.00	4.00	NUM
ajfa-810	198	30	8.00	8.00	NUM
ajfa-810	198	31	14.00	14.00	NUM
ajfa-810	198	32	0.33	0.33	NUM
ajfa-810	198	33	-0.62	-0.62	NUM
ajfa-810	198	34	(	(	PUNCT
ajfa-810	198	35	b	b	NOUN
ajfa-810	198	36	)	)	PUNCT
ajfa-810	198	37	ownership	ownership	NOUN
ajfa-810	198	38	variables	variable	NOUN
ajfa-810	198	39	down	down	ADV
ajfa-810	198	40	0.02	0.02	NUM
ajfa-810	198	41	0.05	0.05	NUM
ajfa-810	198	42	0.00	0.00	NUM
ajfa-810	198	43	0.00	0.00	NUM
ajfa-810	198	44	0.25	0.25	NUM
ajfa-810	198	45	3.26	3.26	NUM
ajfa-810	198	46	10.40	10.40	NUM
ajfa-810	198	47	iown	iown	NOUN
ajfa-810	198	48	0.17	0.17	NUM
ajfa-810	198	49	0.18	0.18	NUM
ajfa-810	198	50	0.00	0.00	NUM
ajfa-810	198	51	0.09	0.09	NUM
ajfa-810	198	52	0.64	0.64	NUM
ajfa-810	198	53	1.00	1.00	NUM
ajfa-810	198	54	-0.53	-0.53	NOUN
ajfa-810	198	55	bown	bown	NOUN
ajfa-810	198	56	0.53	0.53	NUM
ajfa-810	198	57	0.21	0.21	NUM
ajfa-810	198	58	0.00	0.00	NUM
ajfa-810	198	59	0.58	0.58	NUM
ajfa-810	198	60	1.00	1.00	NUM
ajfa-810	198	61	-0.81	-0.81	NUM
ajfa-810	198	62	0.04	0.04	NUM
ajfa-810	198	63	dependent	dependent	ADJ
ajfa-810	198	64	variable	variable	NOUN
ajfa-810	198	65	weighted	weight	VERB
ajfa-810	198	66	social	social	ADJ
ajfa-810	198	67	and	and	CCONJ
ajfa-810	198	68	environmental	environmental	ADJ
ajfa-810	198	69	disclosure	disclosure	NOUN
ajfa-810	198	70	score	score	NOUN
ajfa-810	198	71	176.23	176.23	NUM
ajfa-810	198	72	61.67	61.67	NUM
ajfa-810	198	73	78.93	78.93	NUM
ajfa-810	198	74	182.23	182.23	NUM
ajfa-810	198	75	297.65	297.65	NUM
ajfa-810	198	76	0.12	0.12	NUM
ajfa-810	198	77	-0.80	-0.80	NOUN
ajfa-810	198	78	control	control	NOUN
ajfa-810	198	79	variables	variable	NOUN
ajfa-810	198	80	ta	ta	ADP
ajfa-810	198	81	45992.19	45992.19	NUM
ajfa-810	198	82	40245.92	40245.92	NUM
ajfa-810	198	83	1120.36	1120.36	NUM
ajfa-810	198	84	33326.95	33326.95	NUM
ajfa-810	198	85	191895.30	191895.30	NUM
ajfa-810	198	86	1.54	1.54	NUM
ajfa-810	198	87	2.28	2.28	NUM
ajfa-810	198	88	td_te	td_te	NOUN
ajfa-810	198	89	344.73	344.73	NUM
ajfa-810	198	90	331.14	331.14	NUM
ajfa-810	198	91	14.03	14.03	NUM
ajfa-810	198	92	223.80	223.80	NUM
ajfa-810	198	93	1442.26	1442.26	NUM
ajfa-810	198	94	1.60	1.60	NUM
ajfa-810	198	95	1.89	1.89	NUM
ajfa-810	198	96	asian	asian	ADJ
ajfa-810	198	97	journal	journal	NOUN
ajfa-810	198	98	of	of	ADP
ajfa-810	198	99	finance	finance	PROPN
ajfa-810	198	100	&	&	CCONJ
ajfa-810	198	101	accounting	accounting	PROPN
ajfa-810	198	102	issn	issn	PROPN
ajfa-810	198	103	1946	1946	NUM
ajfa-810	198	104	-	-	PUNCT
ajfa-810	198	105	052x	052x	NOUN
ajfa-810	198	106	2012	2012	NUM
ajfa-810	198	107	,	,	PUNCT
ajfa-810	198	108	vol	vol	NOUN
ajfa-810	198	109	.	.	PROPN
ajfa-810	198	110	4	4	NUM
ajfa-810	198	111	,	,	PUNCT
ajfa-810	198	112	no	no	INTJ
ajfa-810	198	113	.	.	NOUN
ajfa-810	198	114	1	1	NUM
ajfa-810	198	115	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-810	198	116	15	15	NUM
ajfa-810	198	117	table	table	NOUN
ajfa-810	198	118	6	6	NUM
ajfa-810	198	119	.	.	PUNCT
ajfa-810	198	120	correlation	correlation	NOUN
ajfa-810	198	121	between	between	ADP
ajfa-810	198	122	variables	variables	PROPN
ajfa-810	198	123	bls	bls	PROPN
ajfa-810	198	124	ine_bz	ine_bz	PROPN
ajfa-810	199	1	bz	bz	PROPN
ajfa-810	200	1	down	down	ADP
ajfa-810	200	2	iown	iown	PROPN
ajfa-810	200	3	bown	bown	NOUN
ajfa-810	200	4	ta	ta	ADP
ajfa-810	200	5	td_te	td_te	PROPN
ajfa-810	200	6	gdp	gdp	NOUN
ajfa-810	200	7	rate	rate	NOUN
ajfa-810	200	8	dum	dum	PROPN
ajfa-810	200	9	_	_	PUNCT
ajfa-810	201	1	crisis2	crisis2	PROPN
ajfa-810	202	1	bls	bls	ADJ
ajfa-810	202	2	1.00	1.00	NUM
ajfa-810	202	3	ine_bz	ine_bz	NOUN
ajfa-810	202	4	0.12	0.12	NUM
ajfa-810	202	5	1.00	1.00	NUM
ajfa-810	202	6	bz	bz	PROPN
ajfa-810	202	7	-0.39	-0.39	PROPN
ajfa-810	202	8	-0.20	-0.20	NUM
ajfa-810	202	9	1.00	1.00	NUM
ajfa-810	202	10	down	down	ADP
ajfa-810	202	11	-0.42	-0.42	NUM
ajfa-810	202	12	-0.12	-0.12	NUM
ajfa-810	202	13	0.41	0.41	NUM
ajfa-810	202	14	1.00	1.00	NUM
ajfa-810	202	15	iown	iown	NOUN
ajfa-810	202	16	-0.05	-0.05	NUM
ajfa-810	202	17	-0.26	-0.26	X
ajfa-810	202	18	-0.03	-0.03	NUM
ajfa-810	202	19	-0.10	-0.10	NUM
ajfa-810	202	20	1.00	1.00	NUM
ajfa-810	202	21	bown	bown	NOUN
ajfa-810	202	22	-0.08	-0.08	NUM
ajfa-810	202	23	-0.36	-0.36	NUM
ajfa-810	202	24	-0.02	-0.02	NUM
ajfa-810	202	25	0.12	0.12	NUM
ajfa-810	202	26	0.34	0.34	NUM
ajfa-810	202	27	1.00	1.00	NUM
ajfa-810	202	28	ta	ta	ADP
ajfa-810	202	29	-0.04	-0.04	NUM
ajfa-810	202	30	0.11	0.11	NUM
ajfa-810	202	31	0.43	0.43	NUM
ajfa-810	202	32	-0.08	-0.08	NUM
ajfa-810	202	33	-0.03	-0.03	NUM
ajfa-810	202	34	-0.05	-0.05	NUM
ajfa-810	202	35	1.00	1.00	NUM
ajfa-810	202	36	td_te	td_te	NOUN
ajfa-810	202	37	-0.37	-0.37	NUM
ajfa-810	202	38	-0.26	-0.26	NOUN
ajfa-810	202	39	0.02	0.02	NUM
ajfa-810	202	40	-0.02	-0.02	NUM
ajfa-810	202	41	0.15	0.15	NUM
ajfa-810	202	42	0.14	0.14	NUM
ajfa-810	202	43	0.32	0.32	NUM
ajfa-810	202	44	1.00	1.00	NUM
ajfa-810	202	45	gdp	gdp	NOUN
ajfa-810	202	46	rate	rate	NOUN
ajfa-810	202	47	-0.01	-0.01	NUM
ajfa-810	202	48	0.12	0.12	NUM
ajfa-810	202	49	-0.10	-0.10	NUM
ajfa-810	202	50	-0.08	-0.08	NUM
ajfa-810	202	51	-0.01	-0.01	NUM
ajfa-810	202	52	-0.06	-0.06	NUM
ajfa-810	202	53	0.04	0.04	NUM
ajfa-810	202	54	0.01	0.01	NUM
ajfa-810	202	55	1.00	1.00	NUM
ajfa-810	202	56	dum_crisis	dum_crisis	NOUN
ajfa-810	202	57	-0.07	-0.07	INTJ
ajfa-810	202	58	-0.18	-0.18	NUM
ajfa-810	202	59	-0.07	-0.07	NUM
ajfa-810	202	60	0.14	0.14	NUM
ajfa-810	202	61	-0.14	-0.14	NUM
ajfa-810	202	62	0.17	0.17	NUM
ajfa-810	202	63	-0.15	-0.15	NUM
ajfa-810	202	64	-0.03	-0.03	NUM
ajfa-810	202	65	-0.24	-0.24	PROPN
ajfa-810	202	66	1.00	1.00	NUM
ajfa-810	202	67	note	note	NOUN
ajfa-810	202	68	:	:	PUNCT
ajfa-810	202	69	the	the	DET
ajfa-810	202	70	figures	figure	NOUN
ajfa-810	202	71	provided	provide	VERB
ajfa-810	202	72	above	above	ADV
ajfa-810	202	73	are	be	AUX
ajfa-810	202	74	the	the	DET
ajfa-810	202	75	correlation	correlation	NOUN
ajfa-810	202	76	coefficients	coefficient	NOUN
ajfa-810	202	77	and	and	CCONJ
ajfa-810	202	78	none	none	NOUN
ajfa-810	202	79	are	be	AUX
ajfa-810	202	80	significant	significant	ADJ
ajfa-810	202	81	at	at	ADP
ajfa-810	202	82	5	5	NUM
ajfa-810	202	83	%	%	NOUN
ajfa-810	202	84	level	level	NOUN
ajfa-810	202	85	.	.	PUNCT
ajfa-810	203	1	the	the	DET
ajfa-810	203	2	following	follow	VERB
ajfa-810	203	3	table	table	NOUN
ajfa-810	203	4	7	7	NUM
ajfa-810	203	5	shows	show	VERB
ajfa-810	203	6	the	the	DET
ajfa-810	203	7	results	result	NOUN
ajfa-810	203	8	on	on	ADP
ajfa-810	203	9	disclosure	disclosure	NOUN
ajfa-810	203	10	of	of	ADP
ajfa-810	203	11	social	social	ADJ
ajfa-810	203	12	and	and	CCONJ
ajfa-810	203	13	environmental	environmental	ADJ
ajfa-810	203	14	information	information	NOUN
ajfa-810	203	15	.	.	PUNCT
ajfa-810	204	1	ine_bz	ine_bz	X
ajfa-810	205	1	(	(	PUNCT
ajfa-810	205	2	at	at	ADP
ajfa-810	205	3	5	5	NUM
ajfa-810	205	4	%	%	NOUN
ajfa-810	205	5	sig	sig	NOUN
ajfa-810	205	6	.	.	PUNCT
ajfa-810	205	7	level	level	PROPN
ajfa-810	205	8	)	)	PUNCT
ajfa-810	205	9	,	,	PUNCT
ajfa-810	205	10	down	down	ADV
ajfa-810	205	11	and	and	CCONJ
ajfa-810	205	12	iown	iown	NOUN
ajfa-810	205	13	are	be	AUX
ajfa-810	205	14	in	in	ADP
ajfa-810	205	15	line	line	NOUN
ajfa-810	205	16	with	with	ADP
ajfa-810	205	17	hypothesis	hypothesis	NOUN
ajfa-810	205	18	while	while	SCONJ
ajfa-810	205	19	bls	bls	PROPN
ajfa-810	205	20	,	,	PUNCT
ajfa-810	205	21	bz	bz	PROPN
ajfa-810	205	22	(	(	PUNCT
ajfa-810	205	23	at	at	ADP
ajfa-810	205	24	1	1	NUM
ajfa-810	205	25	%	%	NOUN
ajfa-810	205	26	sig	sig	NOUN
ajfa-810	205	27	.	.	PUNCT
ajfa-810	205	28	level	level	PROPN
ajfa-810	205	29	)	)	PUNCT
ajfa-810	205	30	,	,	PUNCT
ajfa-810	205	31	and	and	CCONJ
ajfa-810	205	32	bown	bown	PROPN
ajfa-810	205	33	(	(	PUNCT
ajfa-810	205	34	at	at	ADP
ajfa-810	205	35	1	1	NUM
ajfa-810	205	36	%	%	NOUN
ajfa-810	205	37	sig	sig	NOUN
ajfa-810	205	38	.	.	PUNCT
ajfa-810	205	39	level	level	NOUN
ajfa-810	205	40	)	)	PUNCT
ajfa-810	205	41	are	be	AUX
ajfa-810	205	42	not	not	PART
ajfa-810	205	43	in	in	ADP
ajfa-810	205	44	line	line	NOUN
ajfa-810	205	45	with	with	ADP
ajfa-810	205	46	hypothesis	hypothesis	NOUN
ajfa-810	205	47	.	.	PUNCT
ajfa-810	206	1	thus	thus	ADV
ajfa-810	206	2	,	,	PUNCT
ajfa-810	206	3	it	it	PRON
ajfa-810	206	4	can	can	AUX
ajfa-810	206	5	be	be	AUX
ajfa-810	206	6	concluded	conclude	VERB
ajfa-810	206	7	that	that	SCONJ
ajfa-810	206	8	higher	high	ADJ
ajfa-810	206	9	ine_bz	ine_bz	NOUN
ajfa-810	206	10	,	,	PUNCT
ajfa-810	206	11	larger	large	ADJ
ajfa-810	206	12	bz	bz	PROPN
ajfa-810	206	13	,	,	PUNCT
ajfa-810	206	14	lower	low	ADJ
ajfa-810	206	15	bown	bown	PROPN
ajfa-810	206	16	have	have	VERB
ajfa-810	206	17	higher	high	ADJ
ajfa-810	206	18	social	social	ADJ
ajfa-810	206	19	and	and	CCONJ
ajfa-810	206	20	environmental	environmental	ADJ
ajfa-810	206	21	information	information	NOUN
ajfa-810	206	22	disclosure	disclosure	NOUN
ajfa-810	206	23	.	.	PUNCT
ajfa-810	207	1	regarding	regard	VERB
ajfa-810	207	2	the	the	DET
ajfa-810	207	3	social	social	ADJ
ajfa-810	207	4	and	and	CCONJ
ajfa-810	207	5	environmental	environmental	ADJ
ajfa-810	207	6	disclosure	disclosure	NOUN
ajfa-810	207	7	,	,	PUNCT
ajfa-810	207	8	the	the	DET
ajfa-810	207	9	reasons	reason	NOUN
ajfa-810	207	10	for	for	ADP
ajfa-810	207	11	the	the	DET
ajfa-810	207	12	rest	rest	NOUN
ajfa-810	207	13	of	of	ADP
ajfa-810	207	14	the	the	DET
ajfa-810	207	15	variables	variable	NOUN
ajfa-810	207	16	not	not	PART
ajfa-810	207	17	being	be	AUX
ajfa-810	207	18	in	in	ADP
ajfa-810	207	19	line	line	NOUN
ajfa-810	207	20	with	with	ADP
ajfa-810	207	21	hypothesis	hypothesis	NOUN
ajfa-810	207	22	might	might	AUX
ajfa-810	207	23	be	be	AUX
ajfa-810	207	24	(	(	PUNCT
ajfa-810	207	25	a	a	X
ajfa-810	207	26	)	)	PUNCT
ajfa-810	207	27	the	the	DET
ajfa-810	207	28	information	information	NOUN
ajfa-810	207	29	disclosure	disclosure	NOUN
ajfa-810	207	30	on	on	ADP
ajfa-810	207	31	social	social	ADJ
ajfa-810	207	32	and	and	CCONJ
ajfa-810	207	33	environmental	environmental	ADJ
ajfa-810	207	34	information	information	NOUN
ajfa-810	207	35	seems	seem	VERB
ajfa-810	207	36	to	to	PART
ajfa-810	207	37	be	be	AUX
ajfa-810	207	38	new	new	ADJ
ajfa-810	207	39	compared	compare	VERB
ajfa-810	207	40	to	to	ADP
ajfa-810	207	41	the	the	DET
ajfa-810	207	42	traditional	traditional	ADJ
ajfa-810	207	43	financial	financial	ADJ
ajfa-810	207	44	information	information	NOUN
ajfa-810	207	45	and	and	CCONJ
ajfa-810	207	46	(	(	PUNCT
ajfa-810	207	47	b	b	NOUN
ajfa-810	207	48	)	)	PUNCT
ajfa-810	207	49	measuring	measure	VERB
ajfa-810	207	50	the	the	DET
ajfa-810	207	51	level	level	NOUN
ajfa-810	207	52	of	of	ADP
ajfa-810	207	53	disclosure	disclosure	NOUN
ajfa-810	207	54	quality	quality	NOUN
ajfa-810	207	55	of	of	ADP
ajfa-810	207	56	social	social	ADJ
ajfa-810	207	57	and	and	CCONJ
ajfa-810	207	58	environmental	environmental	ADJ
ajfa-810	207	59	matters	matter	NOUN
ajfa-810	207	60	is	be	AUX
ajfa-810	207	61	subjective	subjective	ADJ
ajfa-810	207	62	.	.	PUNCT
ajfa-810	208	1	2	2	NUM
ajfa-810	208	2	dum_crisis	dum_crisis	NOUN
ajfa-810	208	3	refers	refer	VERB
ajfa-810	208	4	to	to	ADP
ajfa-810	208	5	economic	economic	ADJ
ajfa-810	208	6	crisis	crisis	NOUN
ajfa-810	208	7	dummy	dummy	NOUN
ajfa-810	208	8	.	.	PUNCT
ajfa-810	209	1	asian	asian	ADJ
ajfa-810	209	2	journal	journal	PROPN
ajfa-810	209	3	of	of	ADP
ajfa-810	209	4	finance	finance	PROPN
ajfa-810	209	5	&	&	CCONJ
ajfa-810	209	6	accounting	accounting	PROPN
ajfa-810	209	7	issn	issn	PROPN
ajfa-810	209	8	1946	1946	NUM
ajfa-810	209	9	-	-	PUNCT
ajfa-810	209	10	052x	052x	NOUN
ajfa-810	209	11	2012	2012	NUM
ajfa-810	209	12	,	,	PUNCT
ajfa-810	209	13	vol	vol	NOUN
ajfa-810	209	14	.	.	PROPN
ajfa-810	209	15	4	4	NUM
ajfa-810	209	16	,	,	PUNCT
ajfa-810	209	17	no	no	INTJ
ajfa-810	209	18	.	.	NOUN
ajfa-810	209	19	1	1	NUM
ajfa-810	209	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-810	209	21	16	16	NUM
ajfa-810	209	22	table	table	NOUN
ajfa-810	209	23	7	7	NUM
ajfa-810	209	24	.	.	PUNCT
ajfa-810	209	25	gls	gl	VERB
ajfa-810	209	26	results	result	NOUN
ajfa-810	209	27	of	of	ADP
ajfa-810	209	28	social	social	ADJ
ajfa-810	209	29	and	and	CCONJ
ajfa-810	209	30	environmental	environmental	ADJ
ajfa-810	209	31	information	information	NOUN
ajfa-810	209	32	disclosure	disclosure	NOUN
ajfa-810	209	33	coefficient	coefficient	NOUN
ajfa-810	209	34	z_value	z_value	PROPN
ajfa-810	209	35	p	p	NOUN
ajfa-810	209	36	value	value	NOUN
ajfa-810	209	37	independent	independent	ADJ
ajfa-810	209	38	variables	variable	NOUN
ajfa-810	209	39	bls	bls	PROPN
ajfa-810	209	40	-1.26	-1.26	NUM
ajfa-810	209	41	-0.72	-0.72	PROPN
ajfa-810	209	42	0.47	0.47	NUM
ajfa-810	209	43	ine_bz	ine_bz	NOUN
ajfa-810	210	1	4.11	4.11	NUM
ajfa-810	210	2	2.1	2.1	NUM
ajfa-810	210	3	*	*	SYM
ajfa-810	210	4	*	*	PUNCT
ajfa-810	210	5	0.04	0.04	NUM
ajfa-810	210	6	bz	bz	PROPN
ajfa-810	210	7	0.70	0.70	NUM
ajfa-810	210	8	3.79	3.79	NUM
ajfa-810	210	9	*	*	NUM
ajfa-810	210	10	0.00	0.00	NUM
ajfa-810	210	11	down	down	ADP
ajfa-810	210	12	-3.94	-3.94	PROPN
ajfa-810	210	13	-0.41	-0.41	NOUN
ajfa-810	210	14	0.68	0.68	NUM
ajfa-810	210	15	iown	iown	VERB
ajfa-810	210	16	0.10	0.10	NUM
ajfa-810	210	17	0.04	0.04	NUM
ajfa-810	210	18	0.97	0.97	NUM
ajfa-810	210	19	bown	bown	ADJ
ajfa-810	210	20	-7.26	-7.26	PROPN
ajfa-810	210	21	-3.99	-3.99	PROPN
ajfa-810	210	22	*	*	NOUN
ajfa-810	210	23	0.00	0.00	NUM
ajfa-810	210	24	control	control	NOUN
ajfa-810	210	25	variables	variable	NOUN
ajfa-810	210	26	lnta	lnta	PROPN
ajfa-810	210	27	3.15	3.15	NUM
ajfa-810	210	28	6.15	6.15	NUM
ajfa-810	210	29	*	*	SYM
ajfa-810	210	30	0.00	0.00	NUM
ajfa-810	210	31	td_te	td_te	NOUN
ajfa-810	210	32	0.00	0.00	NUM
ajfa-810	210	33	-2.62	-2.62	NOUN
ajfa-810	210	34	*	*	NUM
ajfa-810	210	35	0.01	0.01	NUM
ajfa-810	210	36	cons	con	NOUN
ajfa-810	210	37	-24.89	-24.89	PUNCT
ajfa-810	210	38	-5.42	-5.42	SYM
ajfa-810	210	39	*	*	NUM
ajfa-810	210	40	0.00	0.00	NUM
ajfa-810	210	41	chi	chi	ADV
ajfa-810	210	42	-	-	PUNCT
ajfa-810	210	43	sq	sq	NOUN
ajfa-810	210	44	.	.	PROPN
ajfa-810	211	1	1274.26	1274.26	NUM
ajfa-810	211	2	*	*	PUNCT
ajfa-810	211	3	p	p	NOUN
ajfa-810	211	4	value	value	NOUN
ajfa-810	211	5	0.00	0.00	NUM
ajfa-810	211	6	heteroskedastic	heteroskedastic	ADJ
ajfa-810	211	7	lr	lr	NOUN
ajfa-810	211	8	chi2	chi2	PROPN
ajfa-810	211	9	49.12	49.12	NUM
ajfa-810	211	10	*	*	PUNCT
ajfa-810	211	11	(	(	PUNCT
ajfa-810	211	12	lr	lr	NOUN
ajfa-810	211	13	test	test	NOUN
ajfa-810	211	14	)	)	PUNCT
ajfa-810	212	1	p	p	NOUN
ajfa-810	212	2	value	value	NOUN
ajfa-810	212	3	0.00	0.00	NUM
ajfa-810	212	4	autocorrelation	autocorrelation	NOUN
ajfa-810	212	5	f	f	PROPN
ajfa-810	212	6	statistics	statistic	NOUN
ajfa-810	212	7	2.32	2.32	NUM
ajfa-810	212	8	(	(	PUNCT
ajfa-810	212	9	wooldridge	wooldridge	PROPN
ajfa-810	212	10	test	test	PROPN
ajfa-810	212	11	)	)	PUNCT
ajfa-810	213	1	p	p	NOUN
ajfa-810	213	2	value	value	NOUN
ajfa-810	213	3	0.16	0.16	NUM
ajfa-810	213	4	*	*	PUNCT
ajfa-810	213	5	significant	significant	ADJ
ajfa-810	213	6	at	at	ADP
ajfa-810	213	7	1	1	NUM
ajfa-810	213	8	%	%	NOUN
ajfa-810	213	9	*	*	PUNCT
ajfa-810	213	10	*	*	NOUN
ajfa-810	213	11	significant	significant	ADJ
ajfa-810	213	12	at	at	ADP
ajfa-810	213	13	5	5	NUM
ajfa-810	213	14	%	%	NOUN
ajfa-810	213	15	regarding	regard	VERB
ajfa-810	213	16	board	board	NOUN
ajfa-810	213	17	size	size	NOUN
ajfa-810	213	18	,	,	PUNCT
ajfa-810	213	19	descriptively	descriptively	ADV
ajfa-810	213	20	,	,	PUNCT
ajfa-810	213	21	the	the	DET
ajfa-810	213	22	board	board	NOUN
ajfa-810	213	23	size	size	NOUN
ajfa-810	213	24	of	of	ADP
ajfa-810	213	25	the	the	DET
ajfa-810	213	26	sample	sample	NOUN
ajfa-810	213	27	companies	company	NOUN
ajfa-810	213	28	are	be	AUX
ajfa-810	213	29	relatively	relatively	ADV
ajfa-810	213	30	small	small	ADJ
ajfa-810	213	31	compared	compare	VERB
ajfa-810	213	32	to	to	ADP
ajfa-810	213	33	the	the	DET
ajfa-810	213	34	average	average	ADJ
ajfa-810	213	35	board	board	NOUN
ajfa-810	213	36	size	size	NOUN
ajfa-810	213	37	in	in	ADP
ajfa-810	213	38	uk	uk	PROPN
ajfa-810	213	39	and	and	CCONJ
ajfa-810	213	40	us	we	PRON
ajfa-810	213	41	.	.	PUNCT
ajfa-810	214	1	according	accord	VERB
ajfa-810	214	2	to	to	ADP
ajfa-810	214	3	allen	allen	NOUN
ajfa-810	214	4	and	and	CCONJ
ajfa-810	214	5	gale	gale	PROPN
ajfa-810	214	6	(	(	PUNCT
ajfa-810	214	7	2001	2001	NUM
ajfa-810	214	8	)	)	PUNCT
ajfa-810	214	9	,	,	PUNCT
ajfa-810	214	10	in	in	ADP
ajfa-810	214	11	u.s	u.s	PROPN
ajfa-810	214	12	.	.	PROPN
ajfa-810	214	13	and	and	CCONJ
ajfa-810	214	14	u.k	u.k	PROPN
ajfa-810	214	15	.	.	PROPN
ajfa-810	214	16	,	,	PUNCT
ajfa-810	214	17	the	the	DET
ajfa-810	214	18	bz	bz	PROPN
ajfa-810	214	19	is	be	AUX
ajfa-810	214	20	around	around	ADV
ajfa-810	214	21	10	10	NUM
ajfa-810	214	22	to	to	PART
ajfa-810	214	23	15	15	NUM
ajfa-810	214	24	people	people	NOUN
ajfa-810	214	25	.	.	PUNCT
ajfa-810	215	1	furthermore	furthermore	ADV
ajfa-810	215	2	,	,	PUNCT
ajfa-810	215	3	jensen	jensen	PROPN
ajfa-810	215	4	(	(	PUNCT
ajfa-810	215	5	1993	1993	NUM
ajfa-810	215	6	)	)	PUNCT
ajfa-810	215	7	in	in	ADP
ajfa-810	215	8	rashidah	rashidah	PROPN
ajfa-810	215	9	and	and	CCONJ
ajfa-810	215	10	fazilah	fazilah	PROPN
ajfa-810	215	11	(	(	PUNCT
ajfa-810	215	12	2006	2006	NUM
ajfa-810	215	13	)	)	PUNCT
ajfa-810	215	14	mentions	mention	VERB
ajfa-810	215	15	that	that	SCONJ
ajfa-810	215	16	the	the	DET
ajfa-810	215	17	limit	limit	NOUN
ajfa-810	215	18	of	of	ADP
ajfa-810	215	19	board	board	NOUN
ajfa-810	215	20	size	size	NOUN
ajfa-810	215	21	is	be	AUX
ajfa-810	215	22	around	around	ADV
ajfa-810	215	23	eight	eight	NUM
ajfa-810	215	24	directors	director	NOUN
ajfa-810	215	25	as	as	ADP
ajfa-810	215	26	any	any	DET
ajfa-810	215	27	greater	great	ADJ
ajfa-810	215	28	number	number	NOUN
ajfa-810	215	29	will	will	AUX
ajfa-810	215	30	interfere	interfere	VERB
ajfa-810	215	31	with	with	ADP
ajfa-810	215	32	group	group	NOUN
ajfa-810	215	33	dynamics	dynamic	NOUN
ajfa-810	215	34	and	and	CCONJ
ajfa-810	215	35	inhibit	inhibit	VERB
ajfa-810	215	36	board	board	NOUN
ajfa-810	215	37	performance	performance	NOUN
ajfa-810	215	38	.	.	PUNCT
ajfa-810	216	1	coleman	coleman	PROPN
ajfa-810	216	2	et	et	PROPN
ajfa-810	216	3	al	al	PROPN
ajfa-810	216	4	.	.	PROPN
ajfa-810	216	5	,	,	PUNCT
ajfa-810	216	6	(	(	PUNCT
ajfa-810	216	7	2007	2007	NUM
ajfa-810	216	8	)	)	PUNCT
ajfa-810	216	9	highlight	highlight	VERB
ajfa-810	216	10	that	that	SCONJ
ajfa-810	216	11	a	a	DET
ajfa-810	216	12	range	range	NOUN
ajfa-810	216	13	of	of	ADP
ajfa-810	216	14	optimal	optimal	ADJ
ajfa-810	216	15	board	board	NOUN
ajfa-810	216	16	size	size	NOUN
ajfa-810	216	17	of	of	ADP
ajfa-810	216	18	eight	eight	NUM
ajfa-810	216	19	to	to	PART
ajfa-810	216	20	eleven	eleven	NUM
ajfa-810	216	21	is	be	AUX
ajfa-810	216	22	feasible	feasible	ADJ
ajfa-810	216	23	for	for	ADP
ajfa-810	216	24	good	good	ADJ
ajfa-810	216	25	performance	performance	NOUN
ajfa-810	216	26	.	.	PUNCT
ajfa-810	217	1	the	the	DET
ajfa-810	217	2	descriptive	descriptive	ADJ
ajfa-810	217	3	statistics	statistic	NOUN
ajfa-810	217	4	results	result	NOUN
ajfa-810	217	5	of	of	ADP
ajfa-810	217	6	this	this	DET
ajfa-810	217	7	study	study	NOUN
ajfa-810	217	8	show	show	VERB
ajfa-810	217	9	that	that	SCONJ
ajfa-810	217	10	on	on	ADP
ajfa-810	217	11	the	the	DET
ajfa-810	217	12	average	average	NOUN
ajfa-810	217	13	,	,	PUNCT
ajfa-810	217	14	the	the	DET
ajfa-810	217	15	board	board	NOUN
ajfa-810	217	16	size	size	NOUN
ajfa-810	217	17	of	of	ADP
ajfa-810	217	18	the	the	DET
ajfa-810	217	19	sample	sample	NOUN
ajfa-810	217	20	companies	company	NOUN
ajfa-810	217	21	is	be	AUX
ajfa-810	217	22	around	around	ADP
ajfa-810	217	23	8	8	NUM
ajfa-810	217	24	.	.	PUNCT
ajfa-810	217	25	based	base	VERB
ajfa-810	217	26	on	on	ADP
ajfa-810	217	27	the	the	DET
ajfa-810	217	28	average	average	ADJ
ajfa-810	217	29	board	board	NOUN
ajfa-810	217	30	size	size	NOUN
ajfa-810	217	31	of	of	ADP
ajfa-810	217	32	the	the	DET
ajfa-810	217	33	sample	sample	NOUN
ajfa-810	217	34	companies	company	NOUN
ajfa-810	217	35	,	,	PUNCT
ajfa-810	217	36	it	it	PRON
ajfa-810	217	37	could	could	AUX
ajfa-810	217	38	be	be	AUX
ajfa-810	217	39	summed	sum	VERB
ajfa-810	217	40	that	that	SCONJ
ajfa-810	217	41	in	in	ADP
ajfa-810	217	42	general	general	ADJ
ajfa-810	217	43	,	,	PUNCT
ajfa-810	217	44	the	the	DET
ajfa-810	217	45	companies	company	NOUN
ajfa-810	217	46	have	have	VERB
ajfa-810	217	47	the	the	DET
ajfa-810	217	48	optimal	optimal	ADJ
ajfa-810	217	49	board	board	NOUN
ajfa-810	217	50	size	size	NOUN
ajfa-810	217	51	and	and	CCONJ
ajfa-810	217	52	consequently	consequently	ADV
ajfa-810	217	53	,	,	PUNCT
ajfa-810	217	54	it	it	PRON
ajfa-810	217	55	becomes	become	VERB
ajfa-810	217	56	difficult	difficult	ADJ
ajfa-810	217	57	to	to	PART
ajfa-810	217	58	examine	examine	VERB
ajfa-810	217	59	the	the	DET
ajfa-810	217	60	significant	significant	ADJ
ajfa-810	217	61	and	and	CCONJ
ajfa-810	217	62	consistent	consistent	ADJ
ajfa-810	217	63	impact	impact	NOUN
ajfa-810	217	64	of	of	ADP
ajfa-810	217	65	board	board	NOUN
ajfa-810	217	66	size	size	NOUN
ajfa-810	217	67	on	on	ADP
ajfa-810	217	68	the	the	DET
ajfa-810	217	69	dependent	dependent	ADJ
ajfa-810	217	70	variables	variable	NOUN
ajfa-810	217	71	.	.	PUNCT
ajfa-810	218	1	apart	apart	ADV
ajfa-810	218	2	from	from	ADP
ajfa-810	218	3	that	that	PRON
ajfa-810	218	4	,	,	PUNCT
ajfa-810	218	5	according	accord	VERB
ajfa-810	218	6	to	to	ADP
ajfa-810	218	7	the	the	DET
ajfa-810	218	8	resource	resource	NOUN
ajfa-810	218	9	dependence	dependence	NOUN
ajfa-810	218	10	theory	theory	NOUN
ajfa-810	218	11	,	,	PUNCT
ajfa-810	218	12	larger	large	ADJ
ajfa-810	218	13	board	board	NOUN
ajfa-810	218	14	size	size	NOUN
ajfa-810	218	15	seems	seem	VERB
ajfa-810	218	16	to	to	PART
ajfa-810	218	17	be	be	AUX
ajfa-810	218	18	better	well	ADJ
ajfa-810	218	19	since	since	SCONJ
ajfa-810	218	20	a	a	DET
ajfa-810	218	21	large	large	ADJ
ajfa-810	218	22	number	number	NOUN
ajfa-810	218	23	of	of	ADP
ajfa-810	218	24	overall	overall	ADJ
ajfa-810	218	25	connections	connection	NOUN
ajfa-810	218	26	with	with	ADP
ajfa-810	218	27	organizations	organization	NOUN
ajfa-810	218	28	and	and	CCONJ
ajfa-810	218	29	directors	director	NOUN
ajfa-810	218	30	outside	outside	ADP
ajfa-810	218	31	the	the	DET
ajfa-810	218	32	firm	firm	NOUN
ajfa-810	218	33	provide	provide	VERB
ajfa-810	218	34	more	more	ADJ
ajfa-810	218	35	sources	source	NOUN
ajfa-810	218	36	of	of	ADP
ajfa-810	218	37	information	information	NOUN
ajfa-810	218	38	for	for	ADP
ajfa-810	218	39	the	the	DET
ajfa-810	218	40	director	director	NOUN
ajfa-810	218	41	and	and	CCONJ
ajfa-810	218	42	a	a	DET
ajfa-810	218	43	level	level	NOUN
ajfa-810	218	44	of	of	ADP
ajfa-810	218	45	environmental	environmental	ADJ
ajfa-810	218	46	awareness	awareness	NOUN
ajfa-810	218	47	not	not	PART
ajfa-810	218	48	readily	readily	ADV
ajfa-810	218	49	available	available	ADJ
ajfa-810	218	50	to	to	ADP
ajfa-810	218	51	the	the	DET
ajfa-810	218	52	management	management	NOUN
ajfa-810	218	53	(	(	PUNCT
ajfa-810	218	54	muth	muth	PROPN
ajfa-810	218	55	and	and	CCONJ
ajfa-810	218	56	donaldson	donaldson	PROPN
ajfa-810	218	57	,	,	PUNCT
ajfa-810	218	58	1998	1998	NUM
ajfa-810	218	59	)	)	PUNCT
ajfa-810	218	60	.	.	PUNCT
ajfa-810	219	1	hence	hence	ADV
ajfa-810	219	2	,	,	PUNCT
ajfa-810	219	3	in	in	ADP
ajfa-810	219	4	the	the	DET
ajfa-810	219	5	malaysian	malaysian	ADJ
ajfa-810	219	6	context	context	NOUN
ajfa-810	219	7	,	,	PUNCT
ajfa-810	219	8	the	the	DET
ajfa-810	219	9	implication	implication	NOUN
ajfa-810	219	10	of	of	ADP
ajfa-810	219	11	resource	resource	NOUN
ajfa-810	219	12	dependence	dependence	NOUN
ajfa-810	219	13	theory	theory	NOUN
ajfa-810	219	14	should	should	AUX
ajfa-810	219	15	be	be	AUX
ajfa-810	219	16	considered	consider	VERB
ajfa-810	219	17	since	since	SCONJ
ajfa-810	219	18	the	the	DET
ajfa-810	219	19	companies	company	NOUN
ajfa-810	219	20	asian	asian	ADJ
ajfa-810	219	21	journal	journal	PROPN
ajfa-810	219	22	of	of	ADP
ajfa-810	219	23	finance	finance	PROPN
ajfa-810	219	24	&	&	CCONJ
ajfa-810	219	25	accounting	accounting	PROPN
ajfa-810	219	26	issn	issn	PROPN
ajfa-810	219	27	1946	1946	NUM
ajfa-810	219	28	-	-	PUNCT
ajfa-810	219	29	052x	052x	NOUN
ajfa-810	219	30	2012	2012	NUM
ajfa-810	219	31	,	,	PUNCT
ajfa-810	219	32	vol	vol	NOUN
ajfa-810	219	33	.	.	PROPN
ajfa-810	219	34	4	4	NUM
ajfa-810	219	35	,	,	PUNCT
ajfa-810	219	36	no	no	INTJ
ajfa-810	219	37	.	.	NOUN
ajfa-810	219	38	1	1	NUM
ajfa-810	219	39	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-810	219	40	17	17	NUM
ajfa-810	219	41	involved	involve	VERB
ajfa-810	219	42	in	in	ADP
ajfa-810	219	43	the	the	DET
ajfa-810	219	44	banking	banking	NOUN
ajfa-810	219	45	sectors	sector	NOUN
ajfa-810	219	46	might	might	AUX
ajfa-810	219	47	need	need	VERB
ajfa-810	219	48	more	more	ADJ
ajfa-810	219	49	directors	director	NOUN
ajfa-810	219	50	due	due	ADP
ajfa-810	219	51	to	to	ADP
ajfa-810	219	52	the	the	DET
ajfa-810	219	53	risky	risky	ADJ
ajfa-810	219	54	nature	nature	NOUN
ajfa-810	219	55	of	of	ADP
ajfa-810	219	56	business	business	NOUN
ajfa-810	219	57	activities	activity	NOUN
ajfa-810	219	58	.	.	PUNCT
ajfa-810	220	1	regarding	regard	VERB
ajfa-810	220	2	block	block	NOUN
ajfa-810	220	3	ownership	ownership	NOUN
ajfa-810	220	4	,	,	PUNCT
ajfa-810	220	5	the	the	DET
ajfa-810	220	6	findings	finding	NOUN
ajfa-810	220	7	of	of	ADP
ajfa-810	220	8	lakhal	lakhal	NOUN
ajfa-810	220	9	(	(	PUNCT
ajfa-810	220	10	2005	2005	NUM
ajfa-810	220	11	)	)	PUNCT
ajfa-810	220	12	and	and	CCONJ
ajfa-810	220	13	salim	salim	NOUN
ajfa-810	220	14	(	(	PUNCT
ajfa-810	220	15	2007	2007	NUM
ajfa-810	220	16	)	)	PUNCT
ajfa-810	220	17	are	be	AUX
ajfa-810	220	18	similar	similar	ADJ
ajfa-810	220	19	with	with	ADP
ajfa-810	220	20	this	this	DET
ajfa-810	220	21	research	research	NOUN
ajfa-810	220	22	results	result	NOUN
ajfa-810	220	23	.	.	PUNCT
ajfa-810	221	1	lakhal	lakhal	INTJ
ajfa-810	221	2	(	(	PUNCT
ajfa-810	221	3	2005	2005	NUM
ajfa-810	221	4	)	)	PUNCT
ajfa-810	221	5	finds	find	VERB
ajfa-810	221	6	that	that	SCONJ
ajfa-810	221	7	there	there	PRON
ajfa-810	221	8	is	be	VERB
ajfa-810	221	9	a	a	DET
ajfa-810	221	10	negative	negative	ADJ
ajfa-810	221	11	association	association	NOUN
ajfa-810	221	12	between	between	ADP
ajfa-810	221	13	voluntary	voluntary	ADJ
ajfa-810	221	14	earnings	earning	NOUN
ajfa-810	221	15	disclosure	disclosure	NOUN
ajfa-810	221	16	and	and	CCONJ
ajfa-810	221	17	ownership	ownership	NOUN
ajfa-810	221	18	concentration	concentration	NOUN
ajfa-810	221	19	.	.	PUNCT
ajfa-810	222	1	it	it	PRON
ajfa-810	222	2	might	might	AUX
ajfa-810	222	3	be	be	AUX
ajfa-810	222	4	due	due	ADJ
ajfa-810	222	5	to	to	ADP
ajfa-810	222	6	the	the	DET
ajfa-810	222	7	following	follow	VERB
ajfa-810	222	8	facts	fact	NOUN
ajfa-810	222	9	.	.	PUNCT
ajfa-810	223	1	first	first	ADV
ajfa-810	223	2	,	,	PUNCT
ajfa-810	223	3	on	on	ADP
ajfa-810	223	4	the	the	DET
ajfa-810	223	5	average	average	NOUN
ajfa-810	223	6	,	,	PUNCT
ajfa-810	223	7	53	53	NUM
ajfa-810	223	8	percentage	percentage	NOUN
ajfa-810	223	9	of	of	ADP
ajfa-810	223	10	ownership	ownership	NOUN
ajfa-810	223	11	belongs	belong	VERB
ajfa-810	223	12	to	to	ADP
ajfa-810	223	13	the	the	DET
ajfa-810	223	14	block	block	NOUN
ajfa-810	223	15	ownership	ownership	NOUN
ajfa-810	223	16	and	and	CCONJ
ajfa-810	223	17	hence	hence	ADV
ajfa-810	223	18	,	,	PUNCT
ajfa-810	223	19	it	it	PRON
ajfa-810	223	20	seems	seem	VERB
ajfa-810	223	21	that	that	SCONJ
ajfa-810	223	22	block	block	NOUN
ajfa-810	223	23	ownership	ownership	NOUN
ajfa-810	223	24	has	have	VERB
ajfa-810	223	25	substantial	substantial	ADJ
ajfa-810	223	26	ownership	ownership	NOUN
ajfa-810	223	27	interest	interest	NOUN
ajfa-810	223	28	which	which	PRON
ajfa-810	223	29	motivates	motivate	VERB
ajfa-810	223	30	them	they	PRON
ajfa-810	223	31	to	to	PART
ajfa-810	223	32	monitor	monitor	VERB
ajfa-810	223	33	the	the	DET
ajfa-810	223	34	management	management	NOUN
ajfa-810	223	35	.	.	PUNCT
ajfa-810	224	1	however	however	ADV
ajfa-810	224	2	,	,	PUNCT
ajfa-810	224	3	since	since	SCONJ
ajfa-810	224	4	block	block	NOUN
ajfa-810	224	5	holders	holder	NOUN
ajfa-810	224	6	may	may	AUX
ajfa-810	224	7	have	have	VERB
ajfa-810	224	8	the	the	DET
ajfa-810	224	9	substantial	substantial	ADJ
ajfa-810	224	10	voting	voting	NOUN
ajfa-810	224	11	power	power	NOUN
ajfa-810	224	12	,	,	PUNCT
ajfa-810	224	13	they	they	PRON
ajfa-810	224	14	might	might	AUX
ajfa-810	224	15	choose	choose	VERB
ajfa-810	224	16	family	family	NOUN
ajfa-810	224	17	members	member	NOUN
ajfa-810	224	18	or	or	CCONJ
ajfa-810	224	19	trust	trust	NOUN
ajfa-810	224	20	persons	person	NOUN
ajfa-810	224	21	to	to	PART
ajfa-810	224	22	be	be	AUX
ajfa-810	224	23	the	the	DET
ajfa-810	224	24	board	board	NOUN
ajfa-810	224	25	members	member	NOUN
ajfa-810	224	26	in	in	ADP
ajfa-810	224	27	order	order	NOUN
ajfa-810	224	28	to	to	PART
ajfa-810	224	29	know	know	VERB
ajfa-810	224	30	about	about	ADP
ajfa-810	224	31	the	the	DET
ajfa-810	224	32	financial	financial	ADJ
ajfa-810	224	33	performance	performance	NOUN
ajfa-810	224	34	of	of	ADP
ajfa-810	224	35	the	the	DET
ajfa-810	224	36	banks	bank	NOUN
ajfa-810	224	37	,	,	PUNCT
ajfa-810	224	38	not	not	PART
ajfa-810	224	39	social	social	ADJ
ajfa-810	224	40	and	and	CCONJ
ajfa-810	224	41	environmental	environmental	ADJ
ajfa-810	224	42	performance	performance	NOUN
ajfa-810	224	43	.	.	PUNCT
ajfa-810	225	1	hence	hence	ADV
ajfa-810	225	2	,	,	PUNCT
ajfa-810	225	3	they	they	PRON
ajfa-810	225	4	have	have	AUX
ajfa-810	225	5	ensured	ensure	VERB
ajfa-810	225	6	the	the	DET
ajfa-810	225	7	performance	performance	NOUN
ajfa-810	225	8	of	of	ADP
ajfa-810	225	9	the	the	DET
ajfa-810	225	10	management	management	NOUN
ajfa-810	225	11	and	and	CCONJ
ajfa-810	225	12	they	they	PRON
ajfa-810	225	13	might	might	AUX
ajfa-810	225	14	not	not	PART
ajfa-810	225	15	be	be	AUX
ajfa-810	225	16	motivated	motivate	VERB
ajfa-810	225	17	to	to	PART
ajfa-810	225	18	put	put	VERB
ajfa-810	225	19	pressure	pressure	NOUN
ajfa-810	225	20	to	to	PART
ajfa-810	225	21	disclose	disclose	VERB
ajfa-810	225	22	more	more	ADJ
ajfa-810	225	23	information	information	NOUN
ajfa-810	225	24	about	about	ADP
ajfa-810	225	25	the	the	DET
ajfa-810	225	26	society	society	NOUN
ajfa-810	225	27	and	and	CCONJ
ajfa-810	225	28	environment	environment	NOUN
ajfa-810	225	29	.	.	PUNCT
ajfa-810	226	1	the	the	DET
ajfa-810	226	2	prior	prior	ADJ
ajfa-810	226	3	researchers	researcher	NOUN
ajfa-810	226	4	such	such	ADJ
ajfa-810	226	5	as	as	ADP
ajfa-810	226	6	ho	ho	PROPN
ajfa-810	226	7	and	and	CCONJ
ajfa-810	226	8	wong	wong	PROPN
ajfa-810	226	9	(	(	PUNCT
ajfa-810	226	10	2001	2001	NUM
ajfa-810	226	11	)	)	PUNCT
ajfa-810	226	12	,	,	PUNCT
ajfa-810	226	13	chau	chau	NOUN
ajfa-810	226	14	and	and	CCONJ
ajfa-810	226	15	gray	gray	ADJ
ajfa-810	226	16	(	(	PUNCT
ajfa-810	226	17	2002	2002	NUM
ajfa-810	226	18	)	)	PUNCT
ajfa-810	226	19	and	and	CCONJ
ajfa-810	226	20	haniffa	haniffa	NOUN
ajfa-810	226	21	and	and	CCONJ
ajfa-810	226	22	cooke	cooke	PROPN
ajfa-810	226	23	(	(	PUNCT
ajfa-810	226	24	2002	2002	NUM
ajfa-810	226	25	)	)	PUNCT
ajfa-810	226	26	also	also	ADV
ajfa-810	226	27	find	find	VERB
ajfa-810	226	28	that	that	SCONJ
ajfa-810	226	29	the	the	DET
ajfa-810	226	30	level	level	NOUN
ajfa-810	226	31	of	of	ADP
ajfa-810	226	32	information	information	NOUN
ajfa-810	226	33	disclosure	disclosure	NOUN
ajfa-810	226	34	is	be	AUX
ajfa-810	226	35	likely	likely	ADJ
ajfa-810	226	36	to	to	PART
ajfa-810	226	37	be	be	AUX
ajfa-810	226	38	less	less	ADJ
ajfa-810	226	39	in	in	ADP
ajfa-810	226	40	insider	insider	NOUN
ajfa-810	226	41	or	or	CCONJ
ajfa-810	226	42	family	family	NOUN
ajfa-810	226	43	-	-	PUNCT
ajfa-810	226	44	controlled	control	VERB
ajfa-810	226	45	companies	company	NOUN
ajfa-810	226	46	.	.	PUNCT
ajfa-810	227	1	secondly	secondly	ADV
ajfa-810	227	2	,	,	PUNCT
ajfa-810	227	3	since	since	SCONJ
ajfa-810	227	4	they	they	PRON
ajfa-810	227	5	have	have	VERB
ajfa-810	227	6	the	the	DET
ajfa-810	227	7	controlling	control	VERB
ajfa-810	227	8	rights	right	NOUN
ajfa-810	227	9	,	,	PUNCT
ajfa-810	227	10	they	they	PRON
ajfa-810	227	11	may	may	AUX
ajfa-810	227	12	be	be	AUX
ajfa-810	227	13	in	in	ADP
ajfa-810	227	14	a	a	DET
ajfa-810	227	15	better	well	ADJ
ajfa-810	227	16	position	position	NOUN
ajfa-810	227	17	to	to	PART
ajfa-810	227	18	expropriate	expropriate	VERB
ajfa-810	227	19	company	company	NOUN
ajfa-810	227	20	assets	asset	NOUN
ajfa-810	227	21	and	and	CCONJ
ajfa-810	227	22	exploit	exploit	VERB
ajfa-810	227	23	the	the	DET
ajfa-810	227	24	interest	interest	NOUN
ajfa-810	227	25	of	of	ADP
ajfa-810	227	26	the	the	DET
ajfa-810	227	27	minority	minority	NOUN
ajfa-810	227	28	(	(	PUNCT
ajfa-810	227	29	leng	leng	PROPN
ajfa-810	227	30	and	and	CCONJ
ajfa-810	227	31	shazaili	shazaili	PROPN
ajfa-810	227	32	,	,	PUNCT
ajfa-810	227	33	2005	2005	NUM
ajfa-810	227	34	;	;	PUNCT
ajfa-810	227	35	zulkarnain	zulkarnain	NUM
ajfa-810	227	36	,	,	PUNCT
ajfa-810	227	37	2007	2007	NUM
ajfa-810	227	38	)	)	PUNCT
ajfa-810	227	39	.	.	PUNCT
ajfa-810	228	1	due	due	ADP
ajfa-810	228	2	to	to	ADP
ajfa-810	228	3	that	that	PRON
ajfa-810	228	4	they	they	PRON
ajfa-810	228	5	might	might	AUX
ajfa-810	228	6	discourage	discourage	VERB
ajfa-810	228	7	the	the	DET
ajfa-810	228	8	higher	high	ADJ
ajfa-810	228	9	disclosure	disclosure	NOUN
ajfa-810	228	10	.	.	PUNCT
ajfa-810	229	1	finally	finally	ADV
ajfa-810	229	2	,	,	PUNCT
ajfa-810	229	3	santema	santema	ADV
ajfa-810	229	4	et	et	PROPN
ajfa-810	229	5	al	al	PROPN
ajfa-810	229	6	.	.	PUNCT
ajfa-810	230	1	(	(	PUNCT
ajfa-810	230	2	2005	2005	NUM
ajfa-810	230	3	)	)	PUNCT
ajfa-810	230	4	,	,	PUNCT
ajfa-810	230	5	talha	talha	NOUN
ajfa-810	230	6	,	,	PUNCT
ajfa-810	230	7	sallehhuddin	sallehhuddin	NOUN
ajfa-810	230	8	and	and	CCONJ
ajfa-810	230	9	mohammad	mohammad	PROPN
ajfa-810	230	10	(	(	PUNCT
ajfa-810	230	11	2006	2006	NUM
ajfa-810	230	12	)	)	PUNCT
ajfa-810	230	13	and	and	CCONJ
ajfa-810	230	14	lu	lu	VERB
ajfa-810	230	15	et	et	PROPN
ajfa-810	230	16	al	al	PROPN
ajfa-810	230	17	.	.	PROPN
ajfa-810	231	1	(	(	PUNCT
ajfa-810	231	2	2007	2007	NUM
ajfa-810	231	3	)	)	PUNCT
ajfa-810	231	4	mention	mention	VERB
ajfa-810	231	5	the	the	DET
ajfa-810	231	6	disadvantage	disadvantage	NOUN
ajfa-810	231	7	of	of	ADP
ajfa-810	231	8	information	information	NOUN
ajfa-810	231	9	disclosure	disclosure	NOUN
ajfa-810	231	10	.	.	PUNCT
ajfa-810	232	1	according	accord	VERB
ajfa-810	232	2	to	to	ADP
ajfa-810	232	3	santema	santema	ADV
ajfa-810	232	4	et	et	PROPN
ajfa-810	232	5	al	al	PROPN
ajfa-810	232	6	.	.	PUNCT
ajfa-810	233	1	(	(	PUNCT
ajfa-810	233	2	2005	2005	NUM
ajfa-810	233	3	)	)	PUNCT
ajfa-810	233	4	,	,	PUNCT
ajfa-810	233	5	general	general	ADJ
ajfa-810	233	6	disclosure	disclosure	NOUN
ajfa-810	233	7	costs	cost	NOUN
ajfa-810	233	8	consist	consist	VERB
ajfa-810	233	9	of	of	ADP
ajfa-810	233	10	the	the	DET
ajfa-810	233	11	cost	cost	NOUN
ajfa-810	233	12	of	of	ADP
ajfa-810	233	13	gathering	gathering	NOUN
ajfa-810	233	14	,	,	PUNCT
ajfa-810	233	15	processing	processing	NOUN
ajfa-810	233	16	and	and	CCONJ
ajfa-810	233	17	auditing	auditing	NOUN
ajfa-810	233	18	and	and	CCONJ
ajfa-810	233	19	disseminating	disseminate	VERB
ajfa-810	233	20	the	the	DET
ajfa-810	233	21	information	information	NOUN
ajfa-810	233	22	,	,	PUNCT
ajfa-810	233	23	as	as	ADV
ajfa-810	233	24	well	well	ADV
ajfa-810	233	25	as	as	ADP
ajfa-810	233	26	possible	possible	ADJ
ajfa-810	233	27	litigation	litigation	NOUN
ajfa-810	233	28	costs	cost	NOUN
ajfa-810	233	29	and	and	CCONJ
ajfa-810	233	30	cost	cost	NOUN
ajfa-810	233	31	that	that	PRON
ajfa-810	233	32	might	might	AUX
ajfa-810	233	33	create	create	VERB
ajfa-810	233	34	competitive	competitive	ADJ
ajfa-810	233	35	disadvantage	disadvantage	NOUN
ajfa-810	233	36	.	.	PUNCT
ajfa-810	234	1	talha	talha	PROPN
ajfa-810	234	2	et	et	PROPN
ajfa-810	234	3	al	al	PROPN
ajfa-810	234	4	.	.	PROPN
ajfa-810	235	1	(	(	PUNCT
ajfa-810	235	2	2006	2006	NUM
ajfa-810	235	3	)	)	PUNCT
ajfa-810	235	4	who	who	PRON
ajfa-810	235	5	study	study	VERB
ajfa-810	235	6	the	the	DET
ajfa-810	235	7	segmental	segmental	ADJ
ajfa-810	235	8	reporting	reporting	NOUN
ajfa-810	235	9	practice	practice	NOUN
ajfa-810	235	10	in	in	ADP
ajfa-810	235	11	malaysia	malaysia	PROPN
ajfa-810	235	12	mention	mention	VERB
ajfa-810	235	13	that	that	SCONJ
ajfa-810	235	14	the	the	DET
ajfa-810	235	15	cost	cost	NOUN
ajfa-810	235	16	of	of	ADP
ajfa-810	235	17	disclosure	disclosure	NOUN
ajfa-810	235	18	includes	include	VERB
ajfa-810	235	19	competitor	competitor	NOUN
ajfa-810	235	20	pressure	pressure	NOUN
ajfa-810	235	21	,	,	PUNCT
ajfa-810	235	22	political	political	ADJ
ajfa-810	235	23	pressure	pressure	NOUN
ajfa-810	235	24	and	and	CCONJ
ajfa-810	235	25	customer	customer	NOUN
ajfa-810	235	26	pressure	pressure	NOUN
ajfa-810	235	27	.	.	PUNCT
ajfa-810	236	1	lu	lu	VERB
ajfa-810	236	2	et	et	PROPN
ajfa-810	236	3	al	al	PROPN
ajfa-810	236	4	.	.	PROPN
ajfa-810	237	1	(	(	PUNCT
ajfa-810	237	2	2007	2007	NUM
ajfa-810	237	3	)	)	PUNCT
ajfa-810	237	4	highlight	highlight	VERB
ajfa-810	237	5	that	that	SCONJ
ajfa-810	237	6	information	information	NOUN
ajfa-810	237	7	disclosure	disclosure	NOUN
ajfa-810	237	8	may	may	AUX
ajfa-810	237	9	reduce	reduce	VERB
ajfa-810	237	10	shareholder	shareholder	NOUN
ajfa-810	237	11	value	value	NOUN
ajfa-810	237	12	by	by	ADP
ajfa-810	237	13	revealing	reveal	VERB
ajfa-810	237	14	valuable	valuable	ADJ
ajfa-810	237	15	information	information	NOUN
ajfa-810	237	16	to	to	ADP
ajfa-810	237	17	competitors	competitor	NOUN
ajfa-810	237	18	or	or	CCONJ
ajfa-810	237	19	by	by	ADP
ajfa-810	237	20	increasing	increase	VERB
ajfa-810	237	21	legal	legal	ADJ
ajfa-810	237	22	costs	cost	NOUN
ajfa-810	237	23	for	for	ADP
ajfa-810	237	24	the	the	DET
ajfa-810	237	25	firm	firm	NOUN
ajfa-810	237	26	even	even	ADV
ajfa-810	237	27	though	though	SCONJ
ajfa-810	237	28	they	they	PRON
ajfa-810	237	29	recognize	recognize	VERB
ajfa-810	237	30	the	the	DET
ajfa-810	237	31	advantages	advantage	NOUN
ajfa-810	237	32	of	of	ADP
ajfa-810	237	33	disclosure	disclosure	NOUN
ajfa-810	237	34	such	such	ADJ
ajfa-810	237	35	as	as	ADP
ajfa-810	237	36	increase	increase	NOUN
ajfa-810	237	37	in	in	ADP
ajfa-810	237	38	institutional	institutional	ADJ
ajfa-810	237	39	interest	interest	NOUN
ajfa-810	237	40	and	and	CCONJ
ajfa-810	237	41	liquidity	liquidity	NOUN
ajfa-810	237	42	of	of	ADP
ajfa-810	237	43	the	the	DET
ajfa-810	237	44	firms	firm	NOUN
ajfa-810	237	45	and	and	CCONJ
ajfa-810	237	46	consequently	consequently	ADV
ajfa-810	237	47	there	there	PRON
ajfa-810	237	48	will	will	AUX
ajfa-810	237	49	be	be	AUX
ajfa-810	237	50	lower	low	ADJ
ajfa-810	237	51	cost	cost	NOUN
ajfa-810	237	52	of	of	ADP
ajfa-810	237	53	capital	capital	NOUN
ajfa-810	237	54	and	and	CCONJ
ajfa-810	237	55	public	public	ADJ
ajfa-810	237	56	relation	relation	NOUN
ajfa-810	237	57	benefits	benefit	NOUN
ajfa-810	237	58	(	(	PUNCT
ajfa-810	237	59	santema	santema	ADV
ajfa-810	237	60	et	et	PROPN
ajfa-810	237	61	al	al	PROPN
ajfa-810	237	62	.	.	PROPN
ajfa-810	237	63	,	,	PUNCT
ajfa-810	237	64	2005	2005	NUM
ajfa-810	237	65	)	)	PUNCT
ajfa-810	237	66	.	.	PUNCT
ajfa-810	238	1	7	7	X
ajfa-810	238	2	.	.	X
ajfa-810	238	3	conclusion	conclusion	NOUN
ajfa-810	238	4	,	,	PUNCT
ajfa-810	238	5	limitation	limitation	NOUN
ajfa-810	238	6	and	and	CCONJ
ajfa-810	238	7	area	area	NOUN
ajfa-810	238	8	for	for	ADP
ajfa-810	238	9	future	future	ADJ
ajfa-810	238	10	research	research	NOUN
ajfa-810	238	11	the	the	DET
ajfa-810	238	12	findings	finding	NOUN
ajfa-810	238	13	of	of	ADP
ajfa-810	238	14	this	this	DET
ajfa-810	238	15	research	research	NOUN
ajfa-810	238	16	show	show	VERB
ajfa-810	238	17	that	that	SCONJ
ajfa-810	238	18	smaller	small	ADJ
ajfa-810	238	19	board	board	NOUN
ajfa-810	238	20	size	size	NOUN
ajfa-810	238	21	,	,	PUNCT
ajfa-810	238	22	higher	high	ADJ
ajfa-810	238	23	percentage	percentage	NOUN
ajfa-810	238	24	of	of	ADP
ajfa-810	238	25	independent	independent	ADJ
ajfa-810	238	26	directors	director	NOUN
ajfa-810	238	27	(	(	PUNCT
ajfa-810	238	28	1	1	NUM
ajfa-810	238	29	%	%	NOUN
ajfa-810	238	30	)	)	PUNCT
ajfa-810	238	31	on	on	ADP
ajfa-810	238	32	the	the	DET
ajfa-810	238	33	board	board	NOUN
ajfa-810	238	34	,	,	PUNCT
ajfa-810	238	35	higher	high	ADJ
ajfa-810	238	36	board	board	NOUN
ajfa-810	238	37	size	size	NOUN
ajfa-810	238	38	(	(	PUNCT
ajfa-810	238	39	1	1	NUM
ajfa-810	238	40	%	%	NOUN
ajfa-810	238	41	)	)	PUNCT
ajfa-810	238	42	,	,	PUNCT
ajfa-810	238	43	higher	high	ADJ
ajfa-810	238	44	percentage	percentage	NOUN
ajfa-810	238	45	of	of	ADP
ajfa-810	238	46	director	director	NOUN
ajfa-810	238	47	ownership	ownership	NOUN
ajfa-810	238	48	,	,	PUNCT
ajfa-810	238	49	lower	low	ADJ
ajfa-810	238	50	institutional	institutional	ADJ
ajfa-810	238	51	and	and	CCONJ
ajfa-810	238	52	lower	low	ADJ
ajfa-810	238	53	block	block	NOUN
ajfa-810	238	54	ownership	ownership	NOUN
ajfa-810	238	55	(	(	PUNCT
ajfa-810	238	56	5	5	NUM
ajfa-810	238	57	%	%	NOUN
ajfa-810	238	58	)	)	PUNCT
ajfa-810	238	59	have	have	VERB
ajfa-810	238	60	higher	high	ADJ
ajfa-810	238	61	information	information	NOUN
ajfa-810	238	62	disclosure	disclosure	NOUN
ajfa-810	238	63	.	.	PUNCT
ajfa-810	239	1	the	the	DET
ajfa-810	239	2	first	first	ADJ
ajfa-810	239	3	limitation	limitation	NOUN
ajfa-810	239	4	of	of	ADP
ajfa-810	239	5	this	this	DET
ajfa-810	239	6	study	study	NOUN
ajfa-810	239	7	is	be	AUX
ajfa-810	239	8	due	due	ADJ
ajfa-810	239	9	to	to	ADP
ajfa-810	239	10	small	small	ADJ
ajfa-810	239	11	sample	sample	NOUN
ajfa-810	239	12	size	size	NOUN
ajfa-810	239	13	since	since	SCONJ
ajfa-810	239	14	this	this	DET
ajfa-810	239	15	study	study	NOUN
ajfa-810	239	16	focuses	focus	VERB
ajfa-810	239	17	on	on	ADP
ajfa-810	239	18	twelve	twelve	NUM
ajfa-810	239	19	companies	company	NOUN
ajfa-810	239	20	whose	whose	DET
ajfa-810	239	21	main	main	ADJ
ajfa-810	239	22	business	business	NOUN
ajfa-810	239	23	activity	activity	NOUN
ajfa-810	239	24	is	be	AUX
ajfa-810	239	25	banking	bank	VERB
ajfa-810	239	26	business	business	NOUN
ajfa-810	239	27	and	and	CCONJ
ajfa-810	239	28	they	they	PRON
ajfa-810	239	29	are	be	AUX
ajfa-810	239	30	listed	list	VERB
ajfa-810	239	31	on	on	ADP
ajfa-810	239	32	bursa	bursa	PROPN
ajfa-810	239	33	malaysia	malaysia	PROPN
ajfa-810	239	34	.	.	PUNCT
ajfa-810	240	1	second	second	ADJ
ajfa-810	240	2	limitation	limitation	NOUN
ajfa-810	240	3	is	be	AUX
ajfa-810	240	4	the	the	DET
ajfa-810	240	5	exclusion	exclusion	NOUN
ajfa-810	240	6	of	of	ADP
ajfa-810	240	7	foreign	foreign	ADJ
ajfa-810	240	8	banks	bank	NOUN
ajfa-810	240	9	due	due	ADP
ajfa-810	240	10	to	to	ADP
ajfa-810	240	11	the	the	DET
ajfa-810	240	12	unavailability	unavailability	NOUN
ajfa-810	240	13	of	of	ADP
ajfa-810	240	14	the	the	DET
ajfa-810	240	15	data	datum	NOUN
ajfa-810	240	16	.	.	PUNCT
ajfa-810	241	1	this	this	DET
ajfa-810	241	2	study	study	NOUN
ajfa-810	241	3	focuses	focus	VERB
ajfa-810	241	4	on	on	ADP
ajfa-810	241	5	the	the	DET
ajfa-810	241	6	main	main	ADJ
ajfa-810	241	7	corporate	corporate	ADJ
ajfa-810	241	8	governance	governance	NOUN
ajfa-810	241	9	variables	variable	NOUN
ajfa-810	241	10	,	,	PUNCT
ajfa-810	241	11	i.e.	i.e.	X
ajfa-810	241	12	board	board	NOUN
ajfa-810	241	13	leadership	leadership	NOUN
ajfa-810	241	14	structure	structure	NOUN
ajfa-810	241	15	,	,	PUNCT
ajfa-810	241	16	board	board	NOUN
ajfa-810	241	17	composition	composition	NOUN
ajfa-810	241	18	,	,	PUNCT
ajfa-810	241	19	board	board	NOUN
ajfa-810	241	20	size	size	NOUN
ajfa-810	241	21	and	and	CCONJ
ajfa-810	241	22	the	the	DET
ajfa-810	241	23	ownership	ownership	NOUN
ajfa-810	241	24	variables	variable	NOUN
ajfa-810	241	25	,	,	PUNCT
ajfa-810	241	26	i.e.	i.e.	X
ajfa-810	241	27	director	director	NOUN
ajfa-810	241	28	ownership	ownership	NOUN
ajfa-810	241	29	,	,	PUNCT
ajfa-810	241	30	institutional	institutional	ADJ
ajfa-810	241	31	ownership	ownership	NOUN
ajfa-810	241	32	and	and	CCONJ
ajfa-810	241	33	block	block	NOUN
ajfa-810	241	34	ownership	ownership	NOUN
ajfa-810	241	35	.	.	PUNCT
ajfa-810	242	1	hence	hence	ADV
ajfa-810	242	2	,	,	PUNCT
ajfa-810	242	3	future	future	ADJ
ajfa-810	242	4	research	research	NOUN
ajfa-810	242	5	might	might	AUX
ajfa-810	242	6	be	be	AUX
ajfa-810	242	7	extended	extend	VERB
ajfa-810	242	8	by	by	ADP
ajfa-810	242	9	observing	observe	VERB
ajfa-810	242	10	other	other	ADJ
ajfa-810	242	11	corporate	corporate	ADJ
ajfa-810	242	12	governance	governance	NOUN
ajfa-810	242	13	variables	variable	NOUN
ajfa-810	242	14	such	such	ADJ
ajfa-810	242	15	as	as	ADP
ajfa-810	242	16	board	board	NOUN
ajfa-810	242	17	meeting	meeting	NOUN
ajfa-810	242	18	frequency	frequency	NOUN
ajfa-810	242	19	,	,	PUNCT
ajfa-810	242	20	which	which	PRON
ajfa-810	242	21	represents	represent	VERB
ajfa-810	242	22	board	board	NOUN
ajfa-810	242	23	activeness	activeness	NOUN
ajfa-810	242	24	and	and	CCONJ
ajfa-810	242	25	the	the	DET
ajfa-810	242	26	independence	independence	NOUN
ajfa-810	242	27	of	of	ADP
ajfa-810	242	28	audit	audit	NOUN
ajfa-810	242	29	committee	committee	NOUN
ajfa-810	242	30	,	,	PUNCT
ajfa-810	242	31	which	which	PRON
ajfa-810	242	32	represents	represent	VERB
ajfa-810	242	33	its	its	PRON
ajfa-810	242	34	effectiveness	effectiveness	NOUN
ajfa-810	242	35	.	.	PUNCT
ajfa-810	243	1	this	this	DET
ajfa-810	243	2	study	study	NOUN
ajfa-810	243	3	focuses	focus	VERB
ajfa-810	243	4	on	on	ADP
ajfa-810	243	5	the	the	DET
ajfa-810	243	6	ownership	ownership	NOUN
ajfa-810	243	7	of	of	ADP
ajfa-810	243	8	institutional	institutional	ADJ
ajfa-810	243	9	ownership	ownership	NOUN
ajfa-810	243	10	and	and	CCONJ
ajfa-810	243	11	block	block	NOUN
ajfa-810	243	12	asian	asian	ADJ
ajfa-810	243	13	journal	journal	NOUN
ajfa-810	243	14	of	of	ADP
ajfa-810	243	15	finance	finance	PROPN
ajfa-810	243	16	&	&	CCONJ
ajfa-810	243	17	accounting	accounting	PROPN
ajfa-810	243	18	issn	issn	PROPN
ajfa-810	243	19	1946	1946	NUM
ajfa-810	243	20	-	-	PUNCT
ajfa-810	243	21	052x	052x	NOUN
ajfa-810	243	22	2012	2012	NUM
ajfa-810	243	23	,	,	PUNCT
ajfa-810	243	24	vol	vol	NOUN
ajfa-810	243	25	.	.	PROPN
ajfa-810	243	26	4	4	NUM
ajfa-810	243	27	,	,	PUNCT
ajfa-810	243	28	no	no	INTJ
ajfa-810	243	29	.	.	NOUN
ajfa-810	243	30	1	1	NUM
ajfa-810	243	31	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-810	243	32	18	18	NUM
ajfa-810	243	33	ownership	ownership	NOUN
ajfa-810	243	34	but	but	CCONJ
ajfa-810	243	35	does	do	AUX
ajfa-810	243	36	not	not	PART
ajfa-810	243	37	distinguish	distinguish	VERB
ajfa-810	243	38	among	among	ADP
ajfa-810	243	39	the	the	DET
ajfa-810	243	40	different	different	ADJ
ajfa-810	243	41	types	type	NOUN
ajfa-810	243	42	of	of	ADP
ajfa-810	243	43	institutional	institutional	ADJ
ajfa-810	243	44	ownership	ownership	NOUN
ajfa-810	243	45	such	such	ADJ
ajfa-810	243	46	as	as	ADP
ajfa-810	243	47	foreign	foreign	ADJ
ajfa-810	243	48	,	,	PUNCT
ajfa-810	243	49	local	local	ADJ
ajfa-810	243	50	,	,	PUNCT
ajfa-810	243	51	government	government	NOUN
ajfa-810	243	52	and	and	CCONJ
ajfa-810	243	53	etc	etc	X
ajfa-810	243	54	.	.	X
ajfa-810	244	1	hence	hence	ADV
ajfa-810	244	2	,	,	PUNCT
ajfa-810	244	3	future	future	ADJ
ajfa-810	244	4	research	research	NOUN
ajfa-810	244	5	might	might	AUX
ajfa-810	244	6	consider	consider	VERB
ajfa-810	244	7	it	it	PRON
ajfa-810	244	8	.	.	PUNCT
ajfa-810	245	1	references	reference	NOUN
ajfa-810	245	2	aksu	aksu	PROPN
ajfa-810	245	3	,	,	PUNCT
ajfa-810	245	4	m.	m.	NOUN
ajfa-810	245	5	&	&	CCONJ
ajfa-810	245	6	kosedag	kosedag	PROPN
ajfa-810	245	7	,	,	PUNCT
ajfa-810	245	8	a.	a.	NOUN
ajfa-810	245	9	(	(	PUNCT
ajfa-810	245	10	2006	2006	NUM
ajfa-810	245	11	)	)	PUNCT
ajfa-810	245	12	.	.	PUNCT
ajfa-810	246	1	transparency	transparency	NOUN
ajfa-810	246	2	and	and	CCONJ
ajfa-810	246	3	disclosure	disclosure	NOUN
ajfa-810	246	4	scores	score	NOUN
ajfa-810	246	5	and	and	CCONJ
ajfa-810	246	6	their	their	PRON
ajfa-810	246	7	determinants	determinant	NOUN
ajfa-810	246	8	in	in	ADP
ajfa-810	246	9	the	the	DET
ajfa-810	246	10	istanbul	istanbul	PROPN
ajfa-810	246	11	stock	stock	PROPN
ajfa-810	246	12	exchange	exchange	PROPN
ajfa-810	246	13	.	.	PUNCT
ajfa-810	247	1	journal	journal	PROPN
ajfa-810	247	2	compilation	compilation	NOUN
ajfa-810	247	3	,	,	PUNCT
ajfa-810	247	4	14	14	NUM
ajfa-810	247	5	(	(	PUNCT
ajfa-810	247	6	4	4	NUM
ajfa-810	247	7	)	)	PUNCT
ajfa-810	247	8	,	,	PUNCT
ajfa-810	247	9	277	277	NUM
ajfa-810	247	10	-	-	SYM
ajfa-810	247	11	295	295	NUM
ajfa-810	247	12	.	.	PUNCT
ajfa-810	248	1	allen	allen	PROPN
ajfa-810	248	2	,	,	PUNCT
ajfa-810	248	3	f.	f.	PROPN
ajfa-810	248	4	&	&	CCONJ
ajfa-810	248	5	gale	gale	PROPN
ajfa-810	248	6	,	,	PUNCT
ajfa-810	248	7	d.	d.	PROPN
ajfa-810	248	8	(	(	PUNCT
ajfa-810	248	9	2001	2001	NUM
ajfa-810	248	10	)	)	PUNCT
ajfa-810	248	11	.	.	PUNCT
ajfa-810	249	1	comparative	comparative	ADJ
ajfa-810	249	2	financial	financial	ADJ
ajfa-810	249	3	systems	system	NOUN
ajfa-810	249	4	:	:	PUNCT
ajfa-810	249	5	a	a	DET
ajfa-810	249	6	survey	survey	NOUN
ajfa-810	249	7	,	,	PUNCT
ajfa-810	249	8	available	available	ADJ
ajfa-810	249	9	at	at	ADP
ajfa-810	249	10	:	:	PUNCT
ajfa-810	249	11	http://www.econ.nyu.edu/user/galed/papers/paper01-04-01.pdf	http://www.econ.nyu.edu/user/galed/papers/paper01-04-01.pdf	X
ajfa-810	249	12	(	(	PUNCT
ajfa-810	249	13	accessed	access	VERB
ajfa-810	249	14	29	29	NUM
ajfa-810	249	15	april	april	PROPN
ajfa-810	249	16	2008	2008	NUM
ajfa-810	249	17	)	)	PUNCT
ajfa-810	249	18	.	.	PUNCT
ajfa-810	250	1	alok	alok	PROPN
ajfa-810	250	2	,	,	PUNCT
ajfa-810	250	3	k.	k.	PROPN
ajfa-810	250	4	,	,	PUNCT
ajfa-810	250	5	nikhil	nikhil	PROPN
ajfa-810	250	6	,	,	PUNCT
ajfa-810	250	7	c.	c.	PROPN
ajfa-810	250	8	,	,	PUNCT
ajfa-810	250	9	&	&	CCONJ
ajfa-810	250	10	bhagaban	bhagaban	PROPN
ajfa-810	250	11	,	,	PUNCT
ajfa-810	250	12	d.	d.	PROPN
ajfa-810	250	13	(	(	PUNCT
ajfa-810	250	14	2008	2008	NUM
ajfa-810	250	15	)	)	PUNCT
ajfa-810	250	16	.	.	PUNCT
ajfa-810	251	1	corporate	corporate	ADJ
ajfa-810	251	2	environmental	environmental	ADJ
ajfa-810	251	3	reporting	reporting	NOUN
ajfa-810	251	4	:	:	PUNCT
ajfa-810	251	5	an	an	DET
ajfa-810	251	6	emerging	emerge	VERB
ajfa-810	251	7	issues	issue	NOUN
ajfa-810	251	8	in	in	ADP
ajfa-810	251	9	the	the	DET
ajfa-810	251	10	corporate	corporate	ADJ
ajfa-810	251	11	world	world	NOUN
ajfa-810	251	12	,	,	PUNCT
ajfa-810	251	13	international	international	ADJ
ajfa-810	251	14	journal	journal	NOUN
ajfa-810	251	15	of	of	ADP
ajfa-810	251	16	business	business	NOUN
ajfa-810	251	17	and	and	CCONJ
ajfa-810	251	18	management	management	NOUN
ajfa-810	251	19	,	,	PUNCT
ajfa-810	251	20	vol.3	vol.3	PROPN
ajfa-810	251	21	no	no	INTJ
ajfa-810	251	22	.	.	PROPN
ajfa-810	251	23	12	12	NUM
ajfa-810	251	24	.	.	PUNCT
ajfa-810	252	1	ballesta	ballesta	PROPN
ajfa-810	252	2	,	,	PUNCT
ajfa-810	252	3	j.p.s	j.p.s	PROPN
ajfa-810	252	4	.	.	PROPN
ajfa-810	252	5	,	,	PUNCT
ajfa-810	252	6	&	&	CCONJ
ajfa-810	252	7	garcia	garcia	PROPN
ajfa-810	252	8	-	-	PUNCT
ajfa-810	252	9	meca	meca	PROPN
ajfa-810	252	10	,	,	PUNCT
ajfa-810	252	11	e.	e.	PROPN
ajfa-810	252	12	(	(	PUNCT
ajfa-810	252	13	2005	2005	NUM
ajfa-810	252	14	)	)	PUNCT
ajfa-810	252	15	.	.	PUNCT
ajfa-810	253	1	audit	audit	NOUN
ajfa-810	253	2	qualifications	qualification	NOUN
ajfa-810	253	3	and	and	CCONJ
ajfa-810	253	4	corporate	corporate	ADJ
ajfa-810	253	5	governance	governance	NOUN
ajfa-810	253	6	in	in	ADP
ajfa-810	253	7	spanish	spanish	ADJ
ajfa-810	253	8	listed	list	VERB
ajfa-810	253	9	firms	firm	NOUN
ajfa-810	253	10	,	,	PUNCT
ajfa-810	253	11	managerial	managerial	ADJ
ajfa-810	253	12	auditing	auditing	NOUN
ajfa-810	253	13	journal	journal	NOUN
ajfa-810	253	14	,	,	PUNCT
ajfa-810	253	15	vol	vol	NOUN
ajfa-810	253	16	.	.	PROPN
ajfa-810	253	17	20	20	NUM
ajfa-810	253	18	no.7	no.7	PROPN
ajfa-810	253	19	,	,	PUNCT
ajfa-810	253	20	pp	pp	ADJ
ajfa-810	253	21	.	.	PUNCT
ajfa-810	254	1	725	725	NUM
ajfa-810	254	2	-	-	SYM
ajfa-810	254	3	738	738	NUM
ajfa-810	254	4	.	.	PUNCT
ajfa-810	255	1	http://dx.doi.org/10.1108/02686900510611258	http://dx.doi.org/10.1108/02686900510611258	PROPN
ajfa-810	255	2	baxi	baxi	PROPN
ajfa-810	255	3	,	,	PUNCT
ajfa-810	255	4	c.v	c.v	PROPN
ajfa-810	255	5	.	.	PROPN
ajfa-810	255	6	&	&	CCONJ
ajfa-810	255	7	ray	ray	PROPN
ajfa-810	255	8	,	,	PUNCT
ajfa-810	255	9	r.s	r.s	PROPN
ajfa-810	255	10	.	.	PROPN
ajfa-810	255	11	(	(	PUNCT
ajfa-810	255	12	2009	2009	NUM
ajfa-810	255	13	)	)	PUNCT
ajfa-810	255	14	.	.	PUNCT
ajfa-810	256	1	corporate	corporate	ADJ
ajfa-810	256	2	social	social	ADJ
ajfa-810	256	3	and	and	CCONJ
ajfa-810	256	4	environmental	environmental	ADJ
ajfa-810	256	5	disclosures	disclosure	NOUN
ajfa-810	256	6	and	and	CCONJ
ajfa-810	256	7	reporting	reporting	NOUN
ajfa-810	256	8	,	,	PUNCT
ajfa-810	256	9	the	the	DET
ajfa-810	256	10	indian	indian	ADJ
ajfa-810	256	11	journal	journal	PROPN
ajfa-810	256	12	of	of	ADP
ajfa-810	256	13	industrial	industrial	ADJ
ajfa-810	256	14	relations	relation	NOUN
ajfa-810	256	15	,	,	PUNCT
ajfa-810	256	16	vol	vol	NOUN
ajfa-810	256	17	.	.	PROPN
ajfa-810	257	1	44	44	NUM
ajfa-810	257	2	no.3	no.3	PROPN
ajfa-810	257	3	.	.	PUNCT
ajfa-810	258	1	beekes	beekes	PROPN
ajfa-810	258	2	,	,	PUNCT
ajfa-810	258	3	w.	w.	PROPN
ajfa-810	258	4	&	&	CCONJ
ajfa-810	258	5	brown	brown	PROPN
ajfa-810	258	6	,	,	PUNCT
ajfa-810	258	7	p.	p.	NOUN
ajfa-810	258	8	(	(	PUNCT
ajfa-810	258	9	2006	2006	NUM
ajfa-810	258	10	)	)	PUNCT
ajfa-810	258	11	.	.	PUNCT
ajfa-810	259	1	do	do	AUX
ajfa-810	259	2	better	well	ADV
ajfa-810	259	3	-	-	PUNCT
ajfa-810	259	4	governed	govern	VERB
ajfa-810	259	5	australian	australian	ADJ
ajfa-810	259	6	firms	firm	NOUN
ajfa-810	259	7	make	make	VERB
ajfa-810	259	8	more	more	ADV
ajfa-810	259	9	informative	informative	ADJ
ajfa-810	259	10	disclosures	disclosure	NOUN
ajfa-810	259	11	?	?	PUNCT
ajfa-810	260	1	journal	journal	NOUN
ajfa-810	260	2	of	of	ADP
ajfa-810	260	3	business	business	NOUN
ajfa-810	260	4	finance	finance	NOUN
ajfa-810	260	5	and	and	CCONJ
ajfa-810	260	6	accounting	accounting	NOUN
ajfa-810	260	7	,	,	PUNCT
ajfa-810	260	8	vol	vol	NOUN
ajfa-810	260	9	.	.	PROPN
ajfa-810	261	1	33	33	NUM
ajfa-810	261	2	no	no	NOUN
ajfa-810	261	3	.	.	NOUN
ajfa-810	262	1	3	3	NUM
ajfa-810	262	2	,	,	PUNCT
ajfa-810	262	3	pp	pp	ADJ
ajfa-810	262	4	.	.	PUNCT
ajfa-810	263	1	422	422	NUM
ajfa-810	263	2	-	-	SYM
ajfa-810	263	3	450	450	NUM
ajfa-810	263	4	.	.	PUNCT
ajfa-810	264	1	http://dx.doi.org/10.1111/j.1468-5957.2006.00614.x	http://dx.doi.org/10.1111/j.1468-5957.2006.00614.x	X
ajfa-810	264	2	birt	birt	PROPN
ajfa-810	264	3	,	,	PUNCT
ajfa-810	264	4	j.l	j.l	PROPN
ajfa-810	264	5	.	.	PROPN
ajfa-810	264	6	,	,	PUNCT
ajfa-810	264	7	bilson	bilson	PROPN
ajfa-810	264	8	,	,	PUNCT
ajfa-810	264	9	c.m	c.m	PROPN
ajfa-810	264	10	.	.	PROPN
ajfa-810	264	11	,	,	PUNCT
ajfa-810	264	12	smith	smith	PROPN
ajfa-810	264	13	,	,	PUNCT
ajfa-810	264	14	t.	t.	PROPN
ajfa-810	264	15	&	&	CCONJ
ajfa-810	264	16	whaley	whaley	PROPN
ajfa-810	264	17	,	,	PUNCT
ajfa-810	264	18	r.e	r.e	PROPN
ajfa-810	264	19	.	.	PROPN
ajfa-810	264	20	(	(	PUNCT
ajfa-810	264	21	2006	2006	NUM
ajfa-810	264	22	)	)	PUNCT
ajfa-810	264	23	.	.	PUNCT
ajfa-810	265	1	ownership	ownership	NOUN
ajfa-810	265	2	,	,	PUNCT
ajfa-810	265	3	competition	competition	NOUN
ajfa-810	265	4	and	and	CCONJ
ajfa-810	265	5	financial	financial	ADJ
ajfa-810	265	6	disclosure	disclosure	NOUN
ajfa-810	265	7	.	.	PUNCT
ajfa-810	266	1	australian	australian	ADJ
ajfa-810	266	2	journal	journal	NOUN
ajfa-810	266	3	of	of	ADP
ajfa-810	266	4	management	management	NOUN
ajfa-810	266	5	,	,	PUNCT
ajfa-810	266	6	31	31	NUM
ajfa-810	266	7	(	(	PUNCT
ajfa-810	266	8	2	2	NUM
ajfa-810	266	9	)	)	PUNCT
ajfa-810	266	10	,	,	PUNCT
ajfa-810	266	11	235	235	NUM
ajfa-810	266	12	-	-	SYM
ajfa-810	266	13	263	263	NUM
ajfa-810	266	14	.	.	PUNCT
ajfa-810	267	1	http://dx.doi.org/10.1177/031289620603100204	http://dx.doi.org/10.1177/031289620603100204	NOUN
ajfa-810	267	2	byard	byard	ADV
ajfa-810	267	3	,	,	PUNCT
ajfa-810	267	4	d.	d.	PROPN
ajfa-810	267	5	,	,	PUNCT
ajfa-810	267	6	li	li	PROPN
ajfa-810	267	7	,	,	PUNCT
ajfa-810	267	8	y.	y.	PROPN
ajfa-810	267	9	&	&	CCONJ
ajfa-810	267	10	weintrop	weintrop	PROPN
ajfa-810	267	11	,	,	PUNCT
ajfa-810	267	12	j.	j.	PROPN
ajfa-810	267	13	(	(	PUNCT
ajfa-810	267	14	2006	2006	NUM
ajfa-810	267	15	)	)	PUNCT
ajfa-810	267	16	.	.	PUNCT
ajfa-810	268	1	corporate	corporate	ADJ
ajfa-810	268	2	governance	governance	NOUN
ajfa-810	268	3	and	and	CCONJ
ajfa-810	268	4	the	the	DET
ajfa-810	268	5	quality	quality	NOUN
ajfa-810	268	6	of	of	ADP
ajfa-810	268	7	financial	financial	ADJ
ajfa-810	268	8	analysts	analyst	NOUN
ajfa-810	268	9	’	’	PART
ajfa-810	268	10	information	information	NOUN
ajfa-810	268	11	,	,	PUNCT
ajfa-810	268	12	journal	journal	NOUN
ajfa-810	268	13	of	of	ADP
ajfa-810	268	14	accounting	accounting	NOUN
ajfa-810	268	15	and	and	CCONJ
ajfa-810	268	16	public	public	ADJ
ajfa-810	268	17	policy	policy	NOUN
ajfa-810	268	18	,	,	PUNCT
ajfa-810	268	19	vol.25	vol.25	ADJ
ajfa-810	268	20	,	,	PUNCT
ajfa-810	268	21	pp	pp	ADJ
ajfa-810	268	22	.	.	PUNCT
ajfa-810	269	1	609	609	NUM
ajfa-810	269	2	-	-	SYM
ajfa-810	269	3	625	625	NUM
ajfa-810	269	4	.	.	PUNCT
ajfa-810	270	1	http://dx.doi.org/10.1016/j.jaccpubpol.2006.07.003	http://dx.doi.org/10.1016/j.jaccpubpol.2006.07.003	PROPN
ajfa-810	270	2	chau	chau	NOUN
ajfa-810	270	3	,	,	PUNCT
ajfa-810	270	4	g.k	g.k	PROPN
ajfa-810	270	5	.	.	PROPN
ajfa-810	270	6	&	&	CCONJ
ajfa-810	270	7	gray	gray	PROPN
ajfa-810	270	8	,	,	PUNCT
ajfa-810	270	9	s.j	s.j	PROPN
ajfa-810	270	10	.	.	PROPN
ajfa-810	270	11	(	(	PUNCT
ajfa-810	270	12	2002	2002	NUM
ajfa-810	270	13	)	)	PUNCT
ajfa-810	270	14	.	.	PUNCT
ajfa-810	271	1	ownership	ownership	NOUN
ajfa-810	271	2	structure	structure	NOUN
ajfa-810	271	3	and	and	CCONJ
ajfa-810	271	4	corporate	corporate	ADJ
ajfa-810	271	5	voluntary	voluntary	ADJ
ajfa-810	271	6	disclosure	disclosure	NOUN
ajfa-810	271	7	in	in	ADP
ajfa-810	271	8	hong	hong	PROPN
ajfa-810	271	9	kong	kong	PROPN
ajfa-810	271	10	and	and	CCONJ
ajfa-810	271	11	singapore	singapore	PROPN
ajfa-810	271	12	,	,	PUNCT
ajfa-810	271	13	the	the	DET
ajfa-810	271	14	international	international	ADJ
ajfa-810	271	15	journal	journal	NOUN
ajfa-810	271	16	of	of	ADP
ajfa-810	271	17	accounting	accounting	NOUN
ajfa-810	271	18	,	,	PUNCT
ajfa-810	271	19	vol	vol	NOUN
ajfa-810	271	20	.	.	PROPN
ajfa-810	271	21	37	37	NUM
ajfa-810	271	22	,	,	PUNCT
ajfa-810	271	23	pp	pp	ADJ
ajfa-810	271	24	.	.	PUNCT
ajfa-810	272	1	247	247	NUM
ajfa-810	272	2	-	-	SYM
ajfa-810	272	3	265	265	NUM
ajfa-810	272	4	.	.	PUNCT
ajfa-810	273	1	http://dx.doi.org/10.1016/s0020-7063(02)00153-x	http://dx.doi.org/10.1016/s0020-7063(02)00153-x	PROPN
ajfa-810	273	2	chen	chen	PROPN
ajfa-810	273	3	,	,	PUNCT
ajfa-810	273	4	c.j.p	c.j.p	PROPN
ajfa-810	273	5	.	.	PROPN
ajfa-810	273	6	&	&	CCONJ
ajfa-810	273	7	jaggi	jaggi	PROPN
ajfa-810	273	8	,	,	PUNCT
ajfa-810	273	9	b.	b.	PROPN
ajfa-810	273	10	(	(	PUNCT
ajfa-810	273	11	2000	2000	NUM
ajfa-810	273	12	)	)	PUNCT
ajfa-810	273	13	.	.	PUNCT
ajfa-810	274	1	association	association	NOUN
ajfa-810	274	2	between	between	ADP
ajfa-810	274	3	independnet	independnet	PROPN
ajfa-810	274	4	non	non	ADJ
ajfa-810	274	5	-	-	ADJ
ajfa-810	274	6	executive	executive	ADJ
ajfa-810	274	7	directors	director	NOUN
ajfa-810	274	8	,	,	PUNCT
ajfa-810	274	9	family	family	NOUN
ajfa-810	274	10	control	control	NOUN
ajfa-810	274	11	and	and	CCONJ
ajfa-810	274	12	financial	financial	ADJ
ajfa-810	274	13	disclosures	disclosure	NOUN
ajfa-810	274	14	in	in	ADP
ajfa-810	274	15	hong	hong	PROPN
ajfa-810	274	16	kong	kong	PROPN
ajfa-810	274	17	,	,	PUNCT
ajfa-810	274	18	journal	journal	NOUN
ajfa-810	274	19	of	of	ADP
ajfa-810	274	20	accounting	accounting	NOUN
ajfa-810	274	21	and	and	CCONJ
ajfa-810	274	22	public	public	ADJ
ajfa-810	274	23	policy	policy	NOUN
ajfa-810	274	24	,	,	PUNCT
ajfa-810	274	25	vol	vol	NOUN
ajfa-810	274	26	.	.	PROPN
ajfa-810	274	27	19	19	NUM
ajfa-810	274	28	,	,	PUNCT
ajfa-810	274	29	pp	pp	ADJ
ajfa-810	274	30	.	.	PUNCT
ajfa-810	274	31	285	285	NUM
ajfa-810	274	32	-	-	SYM
ajfa-810	274	33	310	310	NUM
ajfa-810	274	34	.	.	PUNCT
ajfa-810	275	1	http://dx.doi.org/10.1016/s0278-4254(00)00015-6	http://dx.doi.org/10.1016/s0278-4254(00)00015-6	PROPN
ajfa-810	275	2	cheng	cheng	PROPN
ajfa-810	275	3	,	,	PUNCT
ajfa-810	275	4	e.c.m	e.c.m	PROPN
ajfa-810	275	5	.	.	PROPN
ajfa-810	275	6	&	&	CCONJ
ajfa-810	275	7	courtenay	courtenay	PROPN
ajfa-810	275	8	,	,	PUNCT
ajfa-810	275	9	s.m	s.m	PROPN
ajfa-810	275	10	.	.	PROPN
ajfa-810	275	11	(	(	PUNCT
ajfa-810	275	12	2006	2006	NUM
ajfa-810	275	13	)	)	PUNCT
ajfa-810	275	14	.	.	PUNCT
ajfa-810	276	1	board	board	NOUN
ajfa-810	276	2	composition	composition	NOUN
ajfa-810	276	3	,	,	PUNCT
ajfa-810	276	4	regulatory	regulatory	ADJ
ajfa-810	276	5	regime	regime	NOUN
ajfa-810	276	6	and	and	CCONJ
ajfa-810	276	7	voluntary	voluntary	ADJ
ajfa-810	276	8	disclosure	disclosure	NOUN
ajfa-810	276	9	,	,	PUNCT
ajfa-810	276	10	the	the	DET
ajfa-810	276	11	international	international	ADJ
ajfa-810	276	12	journal	journal	NOUN
ajfa-810	276	13	of	of	ADP
ajfa-810	276	14	accounting	accounting	NOUN
ajfa-810	276	15	,	,	PUNCT
ajfa-810	276	16	vol.41	vol.41	NOUN
ajfa-810	276	17	,	,	PUNCT
ajfa-810	276	18	pp	pp	ADJ
ajfa-810	276	19	.	.	PUNCT
ajfa-810	277	1	262	262	NUM
ajfa-810	277	2	-	-	SYM
ajfa-810	277	3	289	289	NUM
ajfa-810	277	4	.	.	PUNCT
ajfa-810	278	1	http://dx.doi.org/10.1016/j.intacc.2006.07.001	http://dx.doi.org/10.1016/j.intacc.2006.07.001	NOUN
ajfa-810	278	2	cheung	cheung	PROPN
ajfa-810	278	3	,	,	PUNCT
ajfa-810	278	4	s.y.l	s.y.l	NOUN
ajfa-810	278	5	.	.	PROPN
ajfa-810	278	6	&	&	CCONJ
ajfa-810	278	7	chan	chan	PROPN
ajfa-810	278	8	,	,	PUNCT
ajfa-810	278	9	b.y	b.y	PROPN
ajfa-810	278	10	.	.	PROPN
ajfa-810	278	11	(	(	PUNCT
ajfa-810	278	12	2004	2004	NUM
ajfa-810	278	13	)	)	PUNCT
ajfa-810	278	14	.	.	PUNCT
ajfa-810	279	1	corporate	corporate	ADJ
ajfa-810	279	2	governance	governance	NOUN
ajfa-810	279	3	in	in	ADP
ajfa-810	279	4	asia	asia	PROPN
ajfa-810	279	5	,	,	PUNCT
ajfa-810	279	6	asia	asia	PROPN
ajfa-810	279	7	-	-	PUNCT
ajfa-810	279	8	pacific	pacific	PROPN
ajfa-810	279	9	development	development	PROPN
ajfa-810	279	10	journal	journal	PROPN
ajfa-810	279	11	,	,	PUNCT
ajfa-810	279	12	vol	vol	NOUN
ajfa-810	279	13	.	.	PROPN
ajfa-810	279	14	11	11	NUM
ajfa-810	279	15	no.2	no.2	PROPN
ajfa-810	279	16	,	,	PUNCT
ajfa-810	279	17	pp	pp	ADJ
ajfa-810	279	18	.	.	PUNCT
ajfa-810	280	1	1	1	NUM
ajfa-810	280	2	-	-	SYM
ajfa-810	280	3	31	31	NUM
ajfa-810	280	4	.	.	PUNCT
ajfa-810	281	1	asian	asian	ADJ
ajfa-810	281	2	journal	journal	PROPN
ajfa-810	281	3	of	of	ADP
ajfa-810	281	4	finance	finance	PROPN
ajfa-810	281	5	&	&	CCONJ
ajfa-810	281	6	accounting	accounting	PROPN
ajfa-810	281	7	issn	issn	PROPN
ajfa-810	281	8	1946	1946	NUM
ajfa-810	281	9	-	-	PUNCT
ajfa-810	281	10	052x	052x	NOUN
ajfa-810	281	11	2012	2012	NUM
ajfa-810	281	12	,	,	PUNCT
ajfa-810	281	13	vol	vol	NOUN
ajfa-810	281	14	.	.	PROPN
ajfa-810	281	15	4	4	NUM
ajfa-810	281	16	,	,	PUNCT
ajfa-810	281	17	no	no	INTJ
ajfa-810	281	18	.	.	NOUN
ajfa-810	281	19	1	1	NUM
ajfa-810	281	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-810	281	21	19	19	NUM
ajfa-810	281	22	cho	cho	PROPN
ajfa-810	281	23	,	,	PUNCT
ajfa-810	281	24	d.s	d.s	PROPN
ajfa-810	281	25	.	.	PROPN
ajfa-810	281	26	&	&	CCONJ
ajfa-810	281	27	kim	kim	PROPN
ajfa-810	281	28	,	,	PUNCT
ajfa-810	281	29	j.	j.	PROPN
ajfa-810	281	30	(	(	PUNCT
ajfa-810	281	31	2003	2003	NUM
ajfa-810	281	32	)	)	PUNCT
ajfa-810	281	33	.	.	PUNCT
ajfa-810	282	1	determinants	determinant	NOUN
ajfa-810	282	2	in	in	ADP
ajfa-810	282	3	introduction	introduction	NOUN
ajfa-810	282	4	of	of	ADP
ajfa-810	282	5	outside	outside	ADJ
ajfa-810	282	6	directors	director	NOUN
ajfa-810	282	7	in	in	ADP
ajfa-810	282	8	korean	korean	ADJ
ajfa-810	282	9	companies	company	NOUN
ajfa-810	282	10	,	,	PUNCT
ajfa-810	282	11	journal	journal	NOUN
ajfa-810	282	12	of	of	ADP
ajfa-810	282	13	international	international	ADJ
ajfa-810	282	14	and	and	CCONJ
ajfa-810	282	15	area	area	NOUN
ajfa-810	282	16	studies	study	NOUN
ajfa-810	282	17	,	,	PUNCT
ajfa-810	282	18	vol	vol	NOUN
ajfa-810	282	19	10	10	NUM
ajfa-810	282	20	,	,	PUNCT
ajfa-810	282	21	no.1	no.1	NUM
ajfa-810	282	22	,	,	PUNCT
ajfa-810	282	23	pp	pp	ADJ
ajfa-810	282	24	.	.	PUNCT
ajfa-810	283	1	1	1	NUM
ajfa-810	283	2	-	-	SYM
ajfa-810	283	3	20	20	NUM
ajfa-810	283	4	.	.	PUNCT
ajfa-810	284	1	choe	choe	PROPN
ajfa-810	284	2	,	,	PUNCT
ajfa-810	284	3	h.	h.	PROPN
ajfa-810	284	4	&	&	CCONJ
ajfa-810	284	5	lee	lee	PROPN
ajfa-810	284	6	,	,	PUNCT
ajfa-810	284	7	b.s	b.s	PROPN
ajfa-810	284	8	.	.	PROPN
ajfa-810	284	9	(	(	PUNCT
ajfa-810	284	10	2003	2003	NUM
ajfa-810	284	11	)	)	PUNCT
ajfa-810	284	12	.	.	PUNCT
ajfa-810	285	1	korean	korean	PROPN
ajfa-810	285	2	bank	bank	PROPN
ajfa-810	285	3	governance	governance	NOUN
ajfa-810	285	4	reform	reform	NOUN
ajfa-810	285	5	after	after	ADP
ajfa-810	285	6	the	the	DET
ajfa-810	285	7	asian	asian	ADJ
ajfa-810	285	8	financial	financial	ADJ
ajfa-810	285	9	crisis	crisis	NOUN
ajfa-810	285	10	,	,	PUNCT
ajfa-810	285	11	pacific	pacific	ADJ
ajfa-810	285	12	-	-	PUNCT
ajfa-810	285	13	basin	basin	NOUN
ajfa-810	285	14	finance	finance	NOUN
ajfa-810	285	15	journal	journal	NOUN
ajfa-810	285	16	,	,	PUNCT
ajfa-810	285	17	vol	vol	NOUN
ajfa-810	285	18	.	.	PROPN
ajfa-810	285	19	11	11	NUM
ajfa-810	285	20	,	,	PUNCT
ajfa-810	285	21	pp	pp	ADJ
ajfa-810	285	22	.	.	PUNCT
ajfa-810	285	23	483	483	NUM
ajfa-810	285	24	-	-	SYM
ajfa-810	285	25	508	508	NUM
ajfa-810	285	26	.	.	PUNCT
ajfa-810	286	1	http://dx.doi.org/10.1016/s0927-538x(03)00051-9	http://dx.doi.org/10.1016/s0927-538x(03)00051-9	PROPN
ajfa-810	286	2	coleman	coleman	PROPN
ajfa-810	286	3	,	,	PUNCT
ajfa-810	286	4	a.k	a.k	PROPN
ajfa-810	286	5	.	.	PROPN
ajfa-810	286	6	,	,	PUNCT
ajfa-810	286	7	adjasi	adjasi	NOUN
ajfa-810	286	8	,	,	PUNCT
ajfa-810	286	9	c.k.d	c.k.d	PROPN
ajfa-810	286	10	.	.	PROPN
ajfa-810	286	11	&	&	CCONJ
ajfa-810	286	12	abor	abor	PROPN
ajfa-810	286	13	,	,	PUNCT
ajfa-810	286	14	j.	j.	PROPN
ajfa-810	286	15	(	(	PUNCT
ajfa-810	286	16	2007	2007	NUM
ajfa-810	286	17	)	)	PUNCT
ajfa-810	286	18	.	.	PUNCT
ajfa-810	287	1	corporate	corporate	ADJ
ajfa-810	287	2	governance	governance	NOUN
ajfa-810	287	3	and	and	CCONJ
ajfa-810	287	4	firm	firm	ADJ
ajfa-810	287	5	performance	performance	NOUN
ajfa-810	287	6	:	:	PUNCT
ajfa-810	287	7	evidence	evidence	NOUN
ajfa-810	287	8	from	from	ADP
ajfa-810	287	9	ghanaian	ghanaian	ADJ
ajfa-810	287	10	listed	list	VERB
ajfa-810	287	11	companies	company	NOUN
ajfa-810	287	12	,	,	PUNCT
ajfa-810	287	13	corporate	corporate	ADJ
ajfa-810	287	14	ownership	ownership	NOUN
ajfa-810	287	15	and	and	CCONJ
ajfa-810	287	16	control	control	NOUN
ajfa-810	287	17	,	,	PUNCT
ajfa-810	287	18	vol	vol	NOUN
ajfa-810	287	19	.	.	PROPN
ajfa-810	287	20	4	4	NUM
ajfa-810	287	21	no.2	no.2	PROPN
ajfa-810	287	22	)	)	PUNCT
ajfa-810	287	23	,	,	PUNCT
ajfa-810	287	24	pp	pp	ADJ
ajfa-810	287	25	.	.	PUNCT
ajfa-810	288	1	123	123	NUM
ajfa-810	288	2	-	-	SYM
ajfa-810	288	3	132	132	NUM
ajfa-810	288	4	.	.	PUNCT
ajfa-810	289	1	conyon	conyon	NOUN
ajfa-810	289	2	,	,	PUNCT
ajfa-810	289	3	m.j	m.j	PROPN
ajfa-810	289	4	.	.	PROPN
ajfa-810	289	5	&	&	CCONJ
ajfa-810	289	6	schwalbach	schwalbach	PROPN
ajfa-810	289	7	,	,	PUNCT
ajfa-810	289	8	j.	j.	PROPN
ajfa-810	289	9	(	(	PUNCT
ajfa-810	289	10	2000	2000	NUM
ajfa-810	289	11	)	)	PUNCT
ajfa-810	289	12	.	.	PUNCT
ajfa-810	290	1	executive	executive	PROPN
ajfa-810	290	2	compensation	compensation	PROPN
ajfa-810	290	3	:	:	PUNCT
ajfa-810	290	4	evidence	evidence	NOUN
ajfa-810	290	5	from	from	ADP
ajfa-810	290	6	the	the	DET
ajfa-810	290	7	uk	uk	PROPN
ajfa-810	290	8	and	and	CCONJ
ajfa-810	290	9	germany	germany	PROPN
ajfa-810	290	10	,	,	PUNCT
ajfa-810	290	11	long	long	ADJ
ajfa-810	290	12	range	range	NOUN
ajfa-810	290	13	planning	planning	NOUN
ajfa-810	290	14	,	,	PUNCT
ajfa-810	290	15	vol	vol	NOUN
ajfa-810	290	16	.	.	PROPN
ajfa-810	291	1	33	33	NUM
ajfa-810	291	2	,	,	PUNCT
ajfa-810	291	3	pp	pp	ADJ
ajfa-810	291	4	.	.	PUNCT
ajfa-810	292	1	504	504	NUM
ajfa-810	292	2	-	-	SYM
ajfa-810	292	3	526	526	NUM
ajfa-810	292	4	.	.	PUNCT
ajfa-810	293	1	http://dx.doi.org/10.1016/s0024-6301(00)00052-2	http://dx.doi.org/10.1016/s0024-6301(00)00052-2	PROPN
ajfa-810	293	2	cortez	cortez	PROPN
ajfa-810	293	3	,	,	PUNCT
ajfa-810	293	4	m.a.a	m.a.a	PROPN
ajfa-810	293	5	.	.	PUNCT
ajfa-810	293	6	&	&	CCONJ
ajfa-810	293	7	penacerrada	penacerrada	PROPN
ajfa-810	293	8	,	,	PUNCT
ajfa-810	293	9	n.t	n.t	PROPN
ajfa-810	293	10	.	.	PROPN
ajfa-810	293	11	(	(	PUNCT
ajfa-810	293	12	2010	2010	NUM
ajfa-810	293	13	)	)	PUNCT
ajfa-810	293	14	.	.	PUNCT
ajfa-810	293	15	is	be	AUX
ajfa-810	293	16	it	it	PRON
ajfa-810	293	17	beneficial	beneficial	ADJ
ajfa-810	293	18	to	to	PART
ajfa-810	293	19	incur	incur	VERB
ajfa-810	293	20	environmental	environmental	ADJ
ajfa-810	293	21	cost	cost	NOUN
ajfa-810	293	22	?	?	PUNCT
ajfa-810	294	1	a	a	DET
ajfa-810	294	2	case	case	NOUN
ajfa-810	294	3	study	study	NOUN
ajfa-810	294	4	of	of	ADP
ajfa-810	294	5	toyota	toyota	PROPN
ajfa-810	294	6	motors	motors	PROPN
ajfa-810	294	7	corporation	corporation	PROPN
ajfa-810	294	8	,	,	PUNCT
ajfa-810	294	9	japan	japan	PROPN
ajfa-810	294	10	,	,	PUNCT
ajfa-810	294	11	journal	journal	NOUN
ajfa-810	294	12	of	of	ADP
ajfa-810	294	13	international	international	ADJ
ajfa-810	294	14	business	business	NOUN
ajfa-810	294	15	research	research	NOUN
ajfa-810	294	16	,	,	PUNCT
ajfa-810	294	17	vol	vol	NOUN
ajfa-810	294	18	.	.	PROPN
ajfa-810	294	19	9	9	NUM
ajfa-810	294	20	no	no	NOUN
ajfa-810	294	21	.	.	NOUN
ajfa-810	295	1	2	2	X
ajfa-810	295	2	.	.	X
ajfa-810	295	3	david	david	PROPN
ajfa-810	295	4	,	,	PUNCT
ajfa-810	295	5	p.	p.	PROPN
ajfa-810	295	6	&	&	CCONJ
ajfa-810	295	7	kochhar	kochhar	PROPN
ajfa-810	295	8	.	.	PUNCT
ajfa-810	296	1	(	(	PUNCT
ajfa-810	296	2	1996	1996	NUM
ajfa-810	296	3	)	)	PUNCT
ajfa-810	296	4	.	.	PUNCT
ajfa-810	297	1	barriers	barrier	NOUN
ajfa-810	297	2	to	to	ADP
ajfa-810	297	3	effective	effective	ADJ
ajfa-810	297	4	corporate	corporate	ADJ
ajfa-810	297	5	governance	governance	NOUN
ajfa-810	297	6	by	by	ADP
ajfa-810	297	7	institutional	institutional	ADJ
ajfa-810	297	8	investors	investor	NOUN
ajfa-810	297	9	:	:	PUNCT
ajfa-810	297	10	implications	implication	NOUN
ajfa-810	297	11	for	for	ADP
ajfa-810	297	12	theory	theory	NOUN
ajfa-810	297	13	and	and	CCONJ
ajfa-810	297	14	practice	practice	NOUN
ajfa-810	297	15	,	,	PUNCT
ajfa-810	297	16	european	european	ADJ
ajfa-810	297	17	management	management	NOUN
ajfa-810	297	18	journal	journal	PROPN
ajfa-810	297	19	,	,	PUNCT
ajfa-810	297	20	vol.14	vol.14	NOUN
ajfa-810	297	21	no.5	no.5	PROPN
ajfa-810	297	22	,	,	PUNCT
ajfa-810	297	23	pp	pp	ADP
ajfa-810	297	24	.	.	PUNCT
ajfa-810	298	1	457	457	NUM
ajfa-810	298	2	-	-	SYM
ajfa-810	298	3	466	466	NUM
ajfa-810	298	4	.	.	PUNCT
ajfa-810	299	1	http://dx.doi.org/10.1016/0263-2373(96)00039-4	http://dx.doi.org/10.1016/0263-2373(96)00039-4	PROPN
ajfa-810	300	1	eng	eng	PROPN
ajfa-810	300	2	,	,	PUNCT
ajfa-810	300	3	l.l	l.l	PROPN
ajfa-810	300	4	.	.	PROPN
ajfa-810	300	5	&	&	CCONJ
ajfa-810	300	6	mak	mak	PROPN
ajfa-810	300	7	,	,	PUNCT
ajfa-810	300	8	y.t	y.t	PROPN
ajfa-810	300	9	.	.	PUNCT
ajfa-810	300	10	(	(	PUNCT
ajfa-810	300	11	2003	2003	NUM
ajfa-810	300	12	)	)	PUNCT
ajfa-810	300	13	.	.	PUNCT
ajfa-810	301	1	corporate	corporate	ADJ
ajfa-810	301	2	governance	governance	NOUN
ajfa-810	301	3	and	and	CCONJ
ajfa-810	301	4	voluntary	voluntary	ADJ
ajfa-810	301	5	disclosure	disclosure	NOUN
ajfa-810	301	6	,	,	PUNCT
ajfa-810	301	7	journal	journal	NOUN
ajfa-810	301	8	of	of	ADP
ajfa-810	301	9	accounting	accounting	NOUN
ajfa-810	301	10	and	and	CCONJ
ajfa-810	301	11	public	public	ADJ
ajfa-810	301	12	policy	policy	NOUN
ajfa-810	301	13	,	,	PUNCT
ajfa-810	301	14	vol	vol	NOUN
ajfa-810	301	15	.	.	PROPN
ajfa-810	302	1	22	22	NUM
ajfa-810	302	2	,	,	PUNCT
ajfa-810	302	3	pp	pp	ADJ
ajfa-810	302	4	.	.	PUNCT
ajfa-810	303	1	325	325	NUM
ajfa-810	303	2	-	-	SYM
ajfa-810	303	3	345	345	NUM
ajfa-810	303	4	.	.	PUNCT
ajfa-810	304	1	http://dx.doi.org/10.1016/s0278-4254(03)00037-1	http://dx.doi.org/10.1016/s0278-4254(03)00037-1	ADJ
ajfa-810	304	2	fama	fama	NOUN
ajfa-810	304	3	,	,	PUNCT
ajfa-810	304	4	e.f	e.f	PROPN
ajfa-810	304	5	.	.	PROPN
ajfa-810	304	6	&	&	CCONJ
ajfa-810	304	7	jensen	jensen	PROPN
ajfa-810	304	8	,	,	PUNCT
ajfa-810	304	9	m.	m.	NOUN
ajfa-810	304	10	(	(	PUNCT
ajfa-810	304	11	1983	1983	NUM
ajfa-810	304	12	)	)	PUNCT
ajfa-810	304	13	.	.	PUNCT
ajfa-810	305	1	separation	separation	NOUN
ajfa-810	305	2	of	of	ADP
ajfa-810	305	3	ownership	ownership	NOUN
ajfa-810	305	4	and	and	CCONJ
ajfa-810	305	5	control	control	NOUN
ajfa-810	305	6	,	,	PUNCT
ajfa-810	305	7	journal	journal	NOUN
ajfa-810	305	8	of	of	ADP
ajfa-810	305	9	law	law	NOUN
ajfa-810	305	10	and	and	CCONJ
ajfa-810	305	11	economics	economic	NOUN
ajfa-810	305	12	,	,	PUNCT
ajfa-810	305	13	vol.26	vol.26	ADJ
ajfa-810	305	14	,	,	PUNCT
ajfa-810	305	15	pp	pp	ADJ
ajfa-810	305	16	.	.	PUNCT
ajfa-810	306	1	301	301	NUM
ajfa-810	306	2	-	-	SYM
ajfa-810	306	3	325	325	NUM
ajfa-810	306	4	.	.	PUNCT
ajfa-810	306	5	http://dx.doi.org/10.1086/467037	http://dx.doi.org/10.1086/467037	PROPN
ajfa-810	306	6	farid	farid	PROPN
ajfa-810	306	7	,	,	PUNCT
ajfa-810	306	8	a.	a.	PROPN
ajfa-810	306	9	,	,	PUNCT
ajfa-810	306	10	azlan	azlan	PROPN
ajfa-810	306	11	,	,	PUNCT
ajfa-810	306	12	a.	a.	NOUN
ajfa-810	306	13	,	,	PUNCT
ajfa-810	306	14	yusserie	yusserie	NOUN
ajfa-810	306	15	,	,	PUNCT
ajfa-810	306	16	z.	z.	PROPN
ajfa-810	306	17	(	(	PUNCT
ajfa-810	306	18	2009	2009	NUM
ajfa-810	306	19	)	)	PUNCT
ajfa-810	306	20	,	,	PUNCT
ajfa-810	306	21	revisiting	revisit	VERB
ajfa-810	306	22	the	the	DET
ajfa-810	306	23	practices	practice	NOUN
ajfa-810	306	24	of	of	ADP
ajfa-810	306	25	corporate	corporate	ADJ
ajfa-810	306	26	social	social	ADJ
ajfa-810	306	27	and	and	CCONJ
ajfa-810	306	28	environmental	environmental	ADJ
ajfa-810	306	29	disclosure	disclosure	NOUN
ajfa-810	306	30	in	in	ADP
ajfa-810	306	31	bangladesh	bangladesh	NOUN
ajfa-810	306	32	,	,	PUNCT
ajfa-810	306	33	corporate	corporate	ADJ
ajfa-810	306	34	social	social	ADJ
ajfa-810	306	35	responsibility	responsibility	NOUN
ajfa-810	306	36	and	and	CCONJ
ajfa-810	306	37	environmental	environmental	ADJ
ajfa-810	306	38	management	management	NOUN
ajfa-810	306	39	,	,	PUNCT
ajfa-810	306	40	available	available	ADJ
ajfa-810	306	41	at	at	ADP
ajfa-810	306	42	:	:	PUNCT
ajfa-810	306	43	http://www.interscience.wiley.com	http://www.interscience.wiley.com	PROPN
ajfa-810	306	44	finance	finance	PROPN
ajfa-810	306	45	committee	committee	NOUN
ajfa-810	306	46	on	on	ADP
ajfa-810	306	47	corporate	corporate	ADJ
ajfa-810	306	48	governance	governance	NOUN
ajfa-810	306	49	.	.	PUNCT
ajfa-810	307	1	(	(	PUNCT
ajfa-810	307	2	2001	2001	NUM
ajfa-810	307	3	)	)	PUNCT
ajfa-810	307	4	.	.	PUNCT
ajfa-810	308	1	malaysian	malaysian	PROPN
ajfa-810	308	2	code	code	PROPN
ajfa-810	308	3	on	on	ADP
ajfa-810	308	4	corporate	corporate	ADJ
ajfa-810	308	5	governance	governance	NOUN
ajfa-810	308	6	,	,	PUNCT
ajfa-810	308	7	kuala	kuala	PROPN
ajfa-810	308	8	lumpur	lumpur	PROPN
ajfa-810	308	9	:	:	PUNCT
ajfa-810	308	10	printmate	printmate	PROPN
ajfa-810	308	11	sdn	sdn	PROPN
ajfa-810	308	12	.	.	PUNCT
ajfa-810	309	1	bhd	bhd	PROPN
ajfa-810	309	2	.	.	PUNCT
ajfa-810	310	1	florackis	florackis	PROPN
ajfa-810	310	2	,	,	PUNCT
ajfa-810	310	3	c.	c.	PROPN
ajfa-810	310	4	&	&	CCONJ
ajfa-810	310	5	ozkan	ozkan	PROPN
ajfa-810	310	6	,	,	PUNCT
ajfa-810	310	7	a.	a.	NOUN
ajfa-810	310	8	(	(	PUNCT
ajfa-810	310	9	2004	2004	NUM
ajfa-810	310	10	)	)	PUNCT
ajfa-810	310	11	.	.	PUNCT
ajfa-810	311	1	agency	agency	NOUN
ajfa-810	311	2	costs	cost	NOUN
ajfa-810	311	3	and	and	CCONJ
ajfa-810	311	4	corporate	corporate	ADJ
ajfa-810	311	5	governance	governance	NOUN
ajfa-810	311	6	mechanisms	mechanism	NOUN
ajfa-810	311	7	:	:	PUNCT
ajfa-810	311	8	evidence	evidence	NOUN
ajfa-810	311	9	for	for	ADP
ajfa-810	311	10	uk	uk	PROPN
ajfa-810	311	11	firms	firm	NOUN
ajfa-810	311	12	,	,	PUNCT
ajfa-810	311	13	available	available	ADJ
ajfa-810	311	14	at	at	ADP
ajfa-810	311	15	:	:	PUNCT
ajfa-810	311	16	http://www.soc.uoc.gr/asset/accepted_papers/paper87.pdf	http://www.soc.uoc.gr/asset/accepted_papers/paper87.pdf	NUM
ajfa-810	311	17	,	,	PUNCT
ajfa-810	311	18	(	(	PUNCT
ajfa-810	311	19	accessed	access	VERB
ajfa-810	311	20	16	16	NUM
ajfa-810	311	21	may	may	PROPN
ajfa-810	311	22	2008	2008	NUM
ajfa-810	311	23	)	)	PUNCT
ajfa-810	311	24	.	.	PUNCT
ajfa-810	312	1	garcia	garcia	PROPN
ajfa-810	312	2	-	-	PUNCT
ajfa-810	312	3	marco	marco	PROPN
ajfa-810	312	4	,	,	PUNCT
ajfa-810	312	5	t.	t.	PROPN
ajfa-810	312	6	&	&	CCONJ
ajfa-810	312	7	robles	robles	PROPN
ajfa-810	312	8	-	-	PUNCT
ajfa-810	312	9	fernandex	fernandex	NOUN
ajfa-810	312	10	,	,	PUNCT
ajfa-810	312	11	m.d	m.d	PROPN
ajfa-810	312	12	.	.	PROPN
ajfa-810	312	13	(	(	PUNCT
ajfa-810	312	14	2008	2008	NUM
ajfa-810	312	15	)	)	PUNCT
ajfa-810	312	16	.	.	PUNCT
ajfa-810	313	1	risk	risk	NOUN
ajfa-810	313	2	-	-	PUNCT
ajfa-810	313	3	taking	take	VERB
ajfa-810	313	4	behaviour	behaviour	NOUN
ajfa-810	313	5	and	and	CCONJ
ajfa-810	313	6	ownership	ownership	NOUN
ajfa-810	313	7	in	in	ADP
ajfa-810	313	8	the	the	DET
ajfa-810	313	9	banking	banking	NOUN
ajfa-810	313	10	industry	industry	NOUN
ajfa-810	313	11	:	:	PUNCT
ajfa-810	313	12	the	the	DET
ajfa-810	313	13	spanish	spanish	ADJ
ajfa-810	313	14	evidence	evidence	NOUN
ajfa-810	313	15	,	,	PUNCT
ajfa-810	313	16	journal	journal	NOUN
ajfa-810	313	17	of	of	ADP
ajfa-810	313	18	economics	economic	NOUN
ajfa-810	313	19	and	and	CCONJ
ajfa-810	313	20	business	business	NOUN
ajfa-810	313	21	,	,	PUNCT
ajfa-810	313	22	vol	vol	NOUN
ajfa-810	313	23	.	.	PROPN
ajfa-810	313	24	60	60	NUM
ajfa-810	313	25	,	,	PUNCT
ajfa-810	313	26	pp	pp	ADJ
ajfa-810	313	27	.	.	PUNCT
ajfa-810	314	1	332	332	NUM
ajfa-810	314	2	-	-	SYM
ajfa-810	314	3	354	354	NUM
ajfa-810	314	4	.	.	PUNCT
ajfa-810	315	1	http://dx.doi.org/10.1016/j.jeconbus.2007.04.008	http://dx.doi.org/10.1016/j.jeconbus.2007.04.008	NOUN
ajfa-810	315	2	gujarati	gujarati	PROPN
ajfa-810	315	3	,	,	PUNCT
ajfa-810	315	4	d.n	d.n	PROPN
ajfa-810	315	5	.	.	PROPN
ajfa-810	315	6	(	(	PUNCT
ajfa-810	315	7	2003	2003	NUM
ajfa-810	315	8	)	)	PUNCT
ajfa-810	315	9	.	.	PUNCT
ajfa-810	316	1	basic	basic	ADJ
ajfa-810	316	2	econometrics	econometric	NOUN
ajfa-810	316	3	(	(	PUNCT
ajfa-810	316	4	4th	4th	ADJ
ajfa-810	316	5	edn	edn	NOUN
ajfa-810	316	6	.	.	PUNCT
ajfa-810	316	7	)	)	PUNCT
ajfa-810	316	8	.	.	PUNCT
ajfa-810	317	1	singapore	singapore	PROPN
ajfa-810	317	2	:	:	PUNCT
ajfa-810	317	3	mcgraw	mcgraw	PROPN
ajfa-810	317	4	-	-	PUNCT
ajfa-810	317	5	hill	hill	NOUN
ajfa-810	317	6	.	.	PUNCT
ajfa-810	318	1	gul	gul	PROPN
ajfa-810	318	2	,	,	PUNCT
ajfa-810	318	3	f.a	f.a	PROPN
ajfa-810	318	4	.	.	PROPN
ajfa-810	318	5	&	&	CCONJ
ajfa-810	318	6	leung	leung	PROPN
ajfa-810	318	7	,	,	PUNCT
ajfa-810	318	8	s.	s.	PROPN
ajfa-810	318	9	(	(	PUNCT
ajfa-810	318	10	2004	2004	NUM
ajfa-810	318	11	)	)	PUNCT
ajfa-810	318	12	.	.	PUNCT
ajfa-810	319	1	board	board	NOUN
ajfa-810	319	2	leadership	leadership	NOUN
ajfa-810	319	3	,	,	PUNCT
ajfa-810	319	4	outside	outside	ADP
ajfa-810	319	5	directors	director	NOUN
ajfa-810	319	6	’	’	PART
ajfa-810	319	7	expertise	expertise	NOUN
ajfa-810	319	8	and	and	CCONJ
ajfa-810	319	9	voluntary	voluntary	ADJ
ajfa-810	319	10	corporate	corporate	ADJ
ajfa-810	319	11	disclosure	disclosure	NOUN
ajfa-810	319	12	,	,	PUNCT
ajfa-810	319	13	journal	journal	NOUN
ajfa-810	319	14	of	of	ADP
ajfa-810	319	15	accounting	accounting	NOUN
ajfa-810	319	16	and	and	CCONJ
ajfa-810	319	17	public	public	ADJ
ajfa-810	319	18	policy	policy	NOUN
ajfa-810	319	19	,	,	PUNCT
ajfa-810	319	20	vol	vol	NOUN
ajfa-810	319	21	.	.	PROPN
ajfa-810	319	22	23	23	NUM
ajfa-810	319	23	,	,	PUNCT
ajfa-810	319	24	pp	pp	ADJ
ajfa-810	319	25	.	.	PUNCT
ajfa-810	320	1	351	351	NUM
ajfa-810	320	2	-	-	SYM
ajfa-810	320	3	379	379	NUM
ajfa-810	320	4	.	.	PUNCT
ajfa-810	321	1	http://dx.doi.org/10.1016/j.jaccpubpol.2004.07.001	http://dx.doi.org/10.1016/j.jaccpubpol.2004.07.001	VERB
ajfa-810	321	2	asian	asian	ADJ
ajfa-810	321	3	journal	journal	NOUN
ajfa-810	321	4	of	of	ADP
ajfa-810	321	5	finance	finance	PROPN
ajfa-810	321	6	&	&	CCONJ
ajfa-810	321	7	accounting	accounting	PROPN
ajfa-810	321	8	issn	issn	PROPN
ajfa-810	321	9	1946	1946	NUM
ajfa-810	321	10	-	-	PUNCT
ajfa-810	321	11	052x	052x	NOUN
ajfa-810	321	12	2012	2012	NUM
ajfa-810	321	13	,	,	PUNCT
ajfa-810	321	14	vol	vol	NOUN
ajfa-810	321	15	.	.	PROPN
ajfa-810	321	16	4	4	NUM
ajfa-810	321	17	,	,	PUNCT
ajfa-810	321	18	no	no	INTJ
ajfa-810	321	19	.	.	NOUN
ajfa-810	321	20	1	1	NUM
ajfa-810	321	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-810	321	22	20	20	NUM
ajfa-810	321	23	haniffa	haniffa	NOUN
ajfa-810	321	24	,	,	PUNCT
ajfa-810	321	25	r.m	r.m	PROPN
ajfa-810	321	26	.	.	PROPN
ajfa-810	321	27	&	&	CCONJ
ajfa-810	321	28	cooke	cooke	PROPN
ajfa-810	321	29	,	,	PUNCT
ajfa-810	321	30	t.e	t.e	PROPN
ajfa-810	321	31	.	.	PUNCT
ajfa-810	321	32	(	(	PUNCT
ajfa-810	321	33	2002	2002	NUM
ajfa-810	321	34	)	)	PUNCT
ajfa-810	321	35	.	.	PUNCT
ajfa-810	322	1	culture	culture	NOUN
ajfa-810	322	2	,	,	PUNCT
ajfa-810	322	3	corporate	corporate	ADJ
ajfa-810	322	4	governance	governance	NOUN
ajfa-810	322	5	and	and	CCONJ
ajfa-810	322	6	disclosure	disclosure	NOUN
ajfa-810	322	7	in	in	ADP
ajfa-810	322	8	malaysian	malaysian	ADJ
ajfa-810	322	9	corporations	corporation	NOUN
ajfa-810	322	10	,	,	PUNCT
ajfa-810	322	11	abacus	abacus	PROPN
ajfa-810	322	12	,	,	PUNCT
ajfa-810	322	13	vol	vol	NOUN
ajfa-810	322	14	.	.	PROPN
ajfa-810	323	1	38	38	NUM
ajfa-810	323	2	no.3	no.3	PROPN
ajfa-810	323	3	,	,	PUNCT
ajfa-810	323	4	pp	pp	X
ajfa-810	323	5	.	.	PUNCT
ajfa-810	324	1	317	317	NUM
ajfa-810	324	2	-	-	SYM
ajfa-810	324	3	349	349	NUM
ajfa-810	324	4	.	.	PUNCT
ajfa-810	325	1	http://dx.doi.org/10.1111/1467-6281.00112	http://dx.doi.org/10.1111/1467-6281.00112	PROPN
ajfa-810	325	2	ho	ho	PROPN
ajfa-810	325	3	,	,	PUNCT
ajfa-810	325	4	s.s.m	s.s.m	PROPN
ajfa-810	325	5	.	.	PROPN
ajfa-810	325	6	&	&	CCONJ
ajfa-810	325	7	wong	wong	PROPN
ajfa-810	325	8	,	,	PUNCT
ajfa-810	325	9	k.s	k.s	PROPN
ajfa-810	325	10	.	.	PROPN
ajfa-810	325	11	(	(	PUNCT
ajfa-810	325	12	2001	2001	NUM
ajfa-810	325	13	)	)	PUNCT
ajfa-810	325	14	.	.	PUNCT
ajfa-810	326	1	a	a	DET
ajfa-810	326	2	study	study	NOUN
ajfa-810	326	3	of	of	ADP
ajfa-810	326	4	the	the	DET
ajfa-810	326	5	relationship	relationship	NOUN
ajfa-810	326	6	between	between	ADP
ajfa-810	326	7	corporate	corporate	ADJ
ajfa-810	326	8	governance	governance	NOUN
ajfa-810	326	9	structures	structure	NOUN
ajfa-810	326	10	and	and	CCONJ
ajfa-810	326	11	the	the	DET
ajfa-810	326	12	extent	extent	NOUN
ajfa-810	326	13	of	of	ADP
ajfa-810	326	14	voluntary	voluntary	ADJ
ajfa-810	326	15	disclosure	disclosure	NOUN
ajfa-810	326	16	,	,	PUNCT
ajfa-810	326	17	journal	journal	NOUN
ajfa-810	326	18	of	of	ADP
ajfa-810	326	19	international	international	ADJ
ajfa-810	326	20	accounting	accounting	NOUN
ajfa-810	326	21	,	,	PUNCT
ajfa-810	326	22	vol	vol	NOUN
ajfa-810	326	23	.	.	PROPN
ajfa-810	326	24	10	10	NUM
ajfa-810	326	25	,	,	PUNCT
ajfa-810	326	26	pp	pp	ADJ
ajfa-810	326	27	.	.	PUNCT
ajfa-810	327	1	139	139	NUM
ajfa-810	327	2	-	-	SYM
ajfa-810	327	3	156	156	NUM
ajfa-810	327	4	.	.	PUNCT
ajfa-810	328	1	huafang	huafang	PROPN
ajfa-810	328	2	,	,	PUNCT
ajfa-810	328	3	x.	x.	PROPN
ajfa-810	328	4	&	&	CCONJ
ajfa-810	328	5	jianguo	jianguo	PROPN
ajfa-810	328	6	,	,	PUNCT
ajfa-810	328	7	y.	y.	PROPN
ajfa-810	328	8	(	(	PUNCT
ajfa-810	328	9	2007	2007	NUM
ajfa-810	328	10	)	)	PUNCT
ajfa-810	328	11	.	.	PUNCT
ajfa-810	329	1	ownership	ownership	NOUN
ajfa-810	329	2	structure	structure	NOUN
ajfa-810	329	3	,	,	PUNCT
ajfa-810	329	4	board	board	NOUN
ajfa-810	329	5	composition	composition	NOUN
ajfa-810	329	6	and	and	CCONJ
ajfa-810	329	7	corporate	corporate	ADJ
ajfa-810	329	8	voluntary	voluntary	ADJ
ajfa-810	329	9	disclosure	disclosure	NOUN
ajfa-810	329	10	:	:	PUNCT
ajfa-810	329	11	evidence	evidence	NOUN
ajfa-810	329	12	from	from	ADP
ajfa-810	329	13	listed	list	VERB
ajfa-810	329	14	companies	company	NOUN
ajfa-810	329	15	in	in	ADP
ajfa-810	329	16	china	china	PROPN
ajfa-810	329	17	,	,	PUNCT
ajfa-810	329	18	managerial	managerial	ADJ
ajfa-810	329	19	auditing	auditing	NOUN
ajfa-810	329	20	journal	journal	NOUN
ajfa-810	329	21	,	,	PUNCT
ajfa-810	329	22	vol	vol	NOUN
ajfa-810	329	23	.	.	PROPN
ajfa-810	329	24	22	22	NUM
ajfa-810	329	25	no.6	no.6	PROPN
ajfa-810	329	26	,	,	PUNCT
ajfa-810	329	27	pp	pp	ADJ
ajfa-810	329	28	.	.	PUNCT
ajfa-810	330	1	604	604	NUM
ajfa-810	330	2	-	-	SYM
ajfa-810	330	3	619	619	NUM
ajfa-810	330	4	.	.	PUNCT
ajfa-810	331	1	http://dx.doi.org/10.1108/02686900710759406	http://dx.doi.org/10.1108/02686900710759406	PROPN
ajfa-810	331	2	huther	huther	PROPN
ajfa-810	331	3	,	,	PUNCT
ajfa-810	331	4	j.	j.	PROPN
ajfa-810	331	5	(	(	PUNCT
ajfa-810	331	6	1997	1997	NUM
ajfa-810	331	7	)	)	PUNCT
ajfa-810	331	8	.	.	PUNCT
ajfa-810	332	1	an	an	DET
ajfa-810	332	2	empirical	empirical	ADJ
ajfa-810	332	3	test	test	NOUN
ajfa-810	332	4	of	of	ADP
ajfa-810	332	5	the	the	DET
ajfa-810	332	6	effect	effect	NOUN
ajfa-810	332	7	of	of	ADP
ajfa-810	332	8	board	board	NOUN
ajfa-810	332	9	size	size	NOUN
ajfa-810	332	10	on	on	ADP
ajfa-810	332	11	firm	firm	ADJ
ajfa-810	332	12	efficiency	efficiency	NOUN
ajfa-810	332	13	,	,	PUNCT
ajfa-810	332	14	economics	economics	NOUN
ajfa-810	332	15	letter	letter	NOUN
ajfa-810	332	16	,	,	PUNCT
ajfa-810	332	17	54	54	NUM
ajfa-810	332	18	,	,	PUNCT
ajfa-810	332	19	pp	pp	ADJ
ajfa-810	332	20	.	.	PUNCT
ajfa-810	333	1	259	259	NUM
ajfa-810	333	2	-	-	SYM
ajfa-810	333	3	264	264	NUM
ajfa-810	333	4	.	.	PUNCT
ajfa-810	334	1	http://dx.doi.org/10.1016/s0165-1765(97)00035-9	http://dx.doi.org/10.1016/s0165-1765(97)00035-9	PROPN
ajfa-810	334	2	hyytinen	hyytinen	PROPN
ajfa-810	334	3	,	,	PUNCT
ajfa-810	334	4	a.	a.	PROPN
ajfa-810	334	5	&	&	CCONJ
ajfa-810	334	6	pajarinen	pajarinen	PROPN
ajfa-810	334	7	,	,	PUNCT
ajfa-810	334	8	m.	m.	NOUN
ajfa-810	334	9	(	(	PUNCT
ajfa-810	334	10	2005	2005	NUM
ajfa-810	334	11	)	)	PUNCT
ajfa-810	334	12	.	.	PUNCT
ajfa-810	335	1	external	external	ADJ
ajfa-810	335	2	finance	finance	NOUN
ajfa-810	335	3	,	,	PUNCT
ajfa-810	335	4	firm	firm	ADJ
ajfa-810	335	5	growth	growth	NOUN
ajfa-810	335	6	and	and	CCONJ
ajfa-810	335	7	the	the	DET
ajfa-810	335	8	benefits	benefit	NOUN
ajfa-810	335	9	of	of	ADP
ajfa-810	335	10	information	information	NOUN
ajfa-810	335	11	disclosure	disclosure	NOUN
ajfa-810	335	12	:	:	PUNCT
ajfa-810	335	13	evidence	evidence	NOUN
ajfa-810	335	14	from	from	ADP
ajfa-810	335	15	finland	finland	PROPN
ajfa-810	335	16	.	.	PUNCT
ajfa-810	336	1	european	european	PROPN
ajfa-810	336	2	journal	journal	PROPN
ajfa-810	336	3	of	of	ADP
ajfa-810	336	4	law	law	NOUN
ajfa-810	336	5	and	and	CCONJ
ajfa-810	336	6	economics	economic	NOUN
ajfa-810	336	7	,	,	PUNCT
ajfa-810	336	8	19(1	19(1	NUM
ajfa-810	336	9	)	)	PUNCT
ajfa-810	336	10	,	,	PUNCT
ajfa-810	336	11	69	69	NUM
ajfa-810	336	12	-	-	SYM
ajfa-810	336	13	93	93	NUM
ajfa-810	336	14	.	.	PUNCT
ajfa-810	337	1	http://dx.doi.org/10.1007/s10657-005-5276-3	http://dx.doi.org/10.1007/s10657-005-5276-3	X
ajfa-810	337	2	ionescu	ionescu	PROPN
ajfa-810	337	3	,	,	PUNCT
ajfa-810	337	4	l.	l.	PROPN
ajfa-810	337	5	,	,	PUNCT
ajfa-810	337	6	(	(	PUNCT
ajfa-810	337	7	2010	2010	NUM
ajfa-810	337	8	)	)	PUNCT
ajfa-810	337	9	.	.	PUNCT
ajfa-810	338	1	the	the	DET
ajfa-810	338	2	role	role	NOUN
ajfa-810	338	3	of	of	ADP
ajfa-810	338	4	financial	financial	ADJ
ajfa-810	338	5	globalization	globalization	NOUN
ajfa-810	338	6	in	in	ADP
ajfa-810	338	7	the	the	DET
ajfa-810	338	8	changing	change	VERB
ajfa-810	338	9	governance	governance	NOUN
ajfa-810	338	10	practices	practice	NOUN
ajfa-810	338	11	,	,	PUNCT
ajfa-810	338	12	economics	economic	NOUN
ajfa-810	338	13	management	management	NOUN
ajfa-810	338	14	and	and	CCONJ
ajfa-810	338	15	financial	financial	ADJ
ajfa-810	338	16	markets	market	NOUN
ajfa-810	338	17	,	,	PUNCT
ajfa-810	338	18	vol	vol	NOUN
ajfa-810	338	19	.	.	PROPN
ajfa-810	338	20	5	5	NUM
ajfa-810	338	21	no	no	NOUN
ajfa-810	338	22	.	.	NOUN
ajfa-810	338	23	2	2	NUM
ajfa-810	338	24	,	,	PUNCT
ajfa-810	338	25	pp.279	pp.279	NOUN
ajfa-810	338	26	-	-	PUNCT
ajfa-810	338	27	284	284	NUM
ajfa-810	338	28	.	.	PUNCT
ajfa-810	339	1	jensen	jensen	PROPN
ajfa-810	339	2	,	,	PUNCT
ajfa-810	339	3	m.c	m.c	PROPN
ajfa-810	339	4	.	.	PROPN
ajfa-810	339	5	&	&	CCONJ
ajfa-810	339	6	meckling	meckling	PROPN
ajfa-810	339	7	,	,	PUNCT
ajfa-810	339	8	w.h	w.h	PROPN
ajfa-810	339	9	.	.	PROPN
ajfa-810	339	10	(	(	PUNCT
ajfa-810	339	11	1976	1976	NUM
ajfa-810	339	12	)	)	PUNCT
ajfa-810	339	13	.	.	PUNCT
ajfa-810	340	1	theory	theory	NOUN
ajfa-810	340	2	of	of	ADP
ajfa-810	340	3	the	the	DET
ajfa-810	340	4	firm	firm	NOUN
ajfa-810	340	5	:	:	PUNCT
ajfa-810	340	6	managerial	managerial	ADJ
ajfa-810	340	7	behavior	behavior	NOUN
ajfa-810	340	8	,	,	PUNCT
ajfa-810	340	9	agency	agency	NOUN
ajfa-810	340	10	costs	cost	NOUN
ajfa-810	340	11	and	and	CCONJ
ajfa-810	340	12	ownership	ownership	NOUN
ajfa-810	340	13	structure	structure	NOUN
ajfa-810	340	14	,	,	PUNCT
ajfa-810	340	15	journal	journal	NOUN
ajfa-810	340	16	of	of	ADP
ajfa-810	340	17	financial	financial	ADJ
ajfa-810	340	18	economics	economic	NOUN
ajfa-810	340	19	,	,	PUNCT
ajfa-810	340	20	vol	vol	NOUN
ajfa-810	340	21	.	.	PROPN
ajfa-810	340	22	3	3	NUM
ajfa-810	341	1	no	no	NOUN
ajfa-810	341	2	.	.	NOUN
ajfa-810	342	1	4	4	NUM
ajfa-810	342	2	,	,	PUNCT
ajfa-810	342	3	305	305	NUM
ajfa-810	342	4	-	-	SYM
ajfa-810	342	5	360	360	NUM
ajfa-810	342	6	.	.	PUNCT
ajfa-810	343	1	http://dx.doi.org/10.1016/0304-405x(76)90026-x	http://dx.doi.org/10.1016/0304-405x(76)90026-x	PROPN
ajfa-810	343	2	jensen	jensen	PROPN
ajfa-810	343	3	,	,	PUNCT
ajfa-810	343	4	m.c	m.c	PROPN
ajfa-810	343	5	.	.	PROPN
ajfa-810	343	6	&	&	CCONJ
ajfa-810	343	7	ruback	ruback	PROPN
ajfa-810	343	8	,	,	PUNCT
ajfa-810	343	9	r.	r.	PROPN
ajfa-810	343	10	(	(	PUNCT
ajfa-810	343	11	1983	1983	NUM
ajfa-810	343	12	)	)	PUNCT
ajfa-810	343	13	.	.	PUNCT
ajfa-810	344	1	the	the	DET
ajfa-810	344	2	market	market	NOUN
ajfa-810	344	3	for	for	ADP
ajfa-810	344	4	corporate	corporate	ADJ
ajfa-810	344	5	control	control	NOUN
ajfa-810	344	6	:	:	PUNCT
ajfa-810	344	7	the	the	DET
ajfa-810	344	8	scientific	scientific	ADJ
ajfa-810	344	9	evidence	evidence	NOUN
ajfa-810	344	10	,	,	PUNCT
ajfa-810	344	11	journal	journal	NOUN
ajfa-810	344	12	of	of	ADP
ajfa-810	344	13	financial	financial	ADJ
ajfa-810	344	14	economics	economic	NOUN
ajfa-810	344	15	,	,	PUNCT
ajfa-810	344	16	vol	vol	NOUN
ajfa-810	344	17	.	.	PROPN
ajfa-810	344	18	11	11	NUM
ajfa-810	344	19	,	,	PUNCT
ajfa-810	344	20	pp	pp	ADJ
ajfa-810	344	21	.	.	PUNCT
ajfa-810	345	1	5	5	NUM
ajfa-810	345	2	-	-	SYM
ajfa-810	345	3	50	50	NUM
ajfa-810	345	4	.	.	PUNCT
ajfa-810	346	1	http://dx.doi.org/10.1016/0304-405x(83)90004-1	http://dx.doi.org/10.1016/0304-405x(83)90004-1	PROPN
ajfa-810	346	2	jensen	jensen	PROPN
ajfa-810	346	3	,	,	PUNCT
ajfa-810	346	4	m.c	m.c	PROPN
ajfa-810	346	5	.	.	PROPN
ajfa-810	346	6	(	(	PUNCT
ajfa-810	346	7	1993	1993	NUM
ajfa-810	346	8	)	)	PUNCT
ajfa-810	346	9	.	.	PUNCT
ajfa-810	347	1	presidential	presidential	ADJ
ajfa-810	347	2	address	address	NOUN
ajfa-810	347	3	:	:	PUNCT
ajfa-810	347	4	the	the	DET
ajfa-810	347	5	modern	modern	ADJ
ajfa-810	347	6	industrial	industrial	ADJ
ajfa-810	347	7	evolution	evolution	NOUN
ajfa-810	347	8	,	,	PUNCT
ajfa-810	347	9	exit	exit	NOUN
ajfa-810	347	10	and	and	CCONJ
ajfa-810	347	11	the	the	DET
ajfa-810	347	12	failure	failure	NOUN
ajfa-810	347	13	of	of	ADP
ajfa-810	347	14	internal	internal	ADJ
ajfa-810	347	15	control	control	NOUN
ajfa-810	347	16	system	system	NOUN
ajfa-810	347	17	,	,	PUNCT
ajfa-810	347	18	journal	journal	NOUN
ajfa-810	347	19	of	of	ADP
ajfa-810	347	20	finance	finance	NOUN
ajfa-810	347	21	,	,	PUNCT
ajfa-810	347	22	vol	vol	NOUN
ajfa-810	347	23	.	.	PROPN
ajfa-810	347	24	48	48	NUM
ajfa-810	347	25	,	,	PUNCT
ajfa-810	347	26	pp	pp	PROPN
ajfa-810	347	27	.	.	PUNCT
ajfa-810	347	28	831	831	NUM
ajfa-810	347	29	-	-	SYM
ajfa-810	347	30	880	880	NUM
ajfa-810	347	31	.	.	PUNCT
ajfa-810	348	1	http://dx.doi.org/10.2307/2329018	http://dx.doi.org/10.2307/2329018	PROPN
ajfa-810	348	2	judge	judge	PROPN
ajfa-810	348	3	,	,	PUNCT
ajfa-810	348	4	w.q	w.q	PROPN
ajfa-810	348	5	.	.	PROPN
ajfa-810	348	6	,	,	PUNCT
ajfa-810	348	7	naoumova	naoumova	PROPN
ajfa-810	348	8	,	,	PUNCT
ajfa-810	348	9	i.	i.	PROPN
ajfa-810	348	10	&	&	CCONJ
ajfa-810	348	11	koutzevol	koutzevol	PROPN
ajfa-810	348	12	,	,	PUNCT
ajfa-810	348	13	n.	n.	PROPN
ajfa-810	348	14	(	(	PUNCT
ajfa-810	348	15	2003	2003	NUM
ajfa-810	348	16	)	)	PUNCT
ajfa-810	348	17	.	.	PUNCT
ajfa-810	349	1	corporate	corporate	ADJ
ajfa-810	349	2	governance	governance	NOUN
ajfa-810	349	3	and	and	CCONJ
ajfa-810	349	4	firm	firm	ADJ
ajfa-810	349	5	performance	performance	NOUN
ajfa-810	349	6	in	in	ADP
ajfa-810	349	7	russia	russia	PROPN
ajfa-810	349	8	:	:	PUNCT
ajfa-810	349	9	an	an	DET
ajfa-810	349	10	empirical	empirical	ADJ
ajfa-810	349	11	study	study	NOUN
ajfa-810	349	12	,	,	PUNCT
ajfa-810	349	13	journal	journal	NOUN
ajfa-810	349	14	of	of	ADP
ajfa-810	349	15	world	world	PROPN
ajfa-810	349	16	business	business	NOUN
ajfa-810	349	17	,	,	PUNCT
ajfa-810	349	18	vol	vol	NOUN
ajfa-810	349	19	38	38	NUM
ajfa-810	349	20	,	,	PUNCT
ajfa-810	349	21	pp	pp	ADJ
ajfa-810	349	22	.	.	PUNCT
ajfa-810	350	1	385	385	NUM
ajfa-810	350	2	-	-	SYM
ajfa-810	350	3	396	396	NUM
ajfa-810	350	4	.	.	PUNCT
ajfa-810	351	1	http://dx.doi.org/10.1016/j.jwb.2003.08.023	http://dx.doi.org/10.1016/j.jwb.2003.08.023	PROPN
ajfa-810	351	2	kang	kang	PROPN
ajfa-810	351	3	,	,	PUNCT
ajfa-810	351	4	d.l	d.l	PROPN
ajfa-810	351	5	.	.	PROPN
ajfa-810	351	6	&	&	CCONJ
ajfa-810	351	7	sorensen	sorensen	PROPN
ajfa-810	351	8	,	,	PUNCT
ajfa-810	351	9	a.b	a.b	PROPN
ajfa-810	351	10	.	.	PROPN
ajfa-810	351	11	(	(	PUNCT
ajfa-810	351	12	1999	1999	NUM
ajfa-810	351	13	)	)	PUNCT
ajfa-810	351	14	.	.	PUNCT
ajfa-810	352	1	ownership	ownership	NOUN
ajfa-810	352	2	organization	organization	NOUN
ajfa-810	352	3	and	and	CCONJ
ajfa-810	352	4	firm	firm	ADJ
ajfa-810	352	5	performance	performance	NOUN
ajfa-810	352	6	.	.	PUNCT
ajfa-810	353	1	annual	annual	ADJ
ajfa-810	353	2	review	review	NOUN
ajfa-810	353	3	,	,	PUNCT
ajfa-810	353	4	25	25	NUM
ajfa-810	353	5	,	,	PUNCT
ajfa-810	353	6	121	121	NUM
ajfa-810	353	7	-	-	SYM
ajfa-810	353	8	44	44	NUM
ajfa-810	353	9	.	.	PUNCT
ajfa-810	354	1	http://dx.doi.org/10.1146/annurev.soc.25.1.121	http://dx.doi.org/10.1146/annurev.soc.25.1.121	PROPN
ajfa-810	354	2	kee	kee	PROPN
ajfa-810	354	3	,	,	PUNCT
ajfa-810	354	4	p.l	p.l	PROPN
ajfa-810	354	5	.	.	PROPN
ajfa-810	354	6	&	&	CCONJ
ajfa-810	354	7	pillay	pillay	PROPN
ajfa-810	354	8	,	,	PUNCT
ajfa-810	354	9	s.s	s.s	PROPN
ajfa-810	354	10	.	.	PROPN
ajfa-810	354	11	(	(	PUNCT
ajfa-810	354	12	2003	2003	NUM
ajfa-810	354	13	,	,	PUNCT
ajfa-810	354	14	april	april	PROPN
ajfa-810	354	15	)	)	PUNCT
ajfa-810	354	16	.	.	PUNCT
ajfa-810	355	1	firm	firm	ADJ
ajfa-810	355	2	-	-	PUNCT
ajfa-810	355	3	specific	specific	ADJ
ajfa-810	355	4	determinants	determinant	NOUN
ajfa-810	355	5	of	of	ADP
ajfa-810	355	6	voluntary	voluntary	ADJ
ajfa-810	355	7	disclosure	disclosure	NOUN
ajfa-810	355	8	level	level	NOUN
ajfa-810	355	9	in	in	ADP
ajfa-810	355	10	the	the	DET
ajfa-810	355	11	annual	annual	ADJ
ajfa-810	355	12	reports	report	NOUN
ajfa-810	355	13	of	of	ADP
ajfa-810	355	14	malaysian	malaysian	ADJ
ajfa-810	355	15	companies	company	NOUN
ajfa-810	355	16	.	.	PUNCT
ajfa-810	356	1	paper	paper	NOUN
ajfa-810	356	2	presented	present	VERB
ajfa-810	356	3	at	at	ADP
ajfa-810	356	4	malaysian	malaysian	ADJ
ajfa-810	356	5	finance	finance	PROPN
ajfa-810	356	6	association	association	PROPN
ajfa-810	356	7	5th	5th	ADJ
ajfa-810	356	8	annual	annual	ADJ
ajfa-810	356	9	symposium	symposium	NOUN
ajfa-810	356	10	,	,	PUNCT
ajfa-810	356	11	selangor	selangor	PROPN
ajfa-810	356	12	,	,	PUNCT
ajfa-810	356	13	malaysia	malaysia	PROPN
ajfa-810	356	14	.	.	PUNCT
ajfa-810	357	1	khanchel	khanchel	PROPN
ajfa-810	357	2	,	,	PUNCT
ajfa-810	357	3	i.	i.	PROPN
ajfa-810	357	4	(	(	PUNCT
ajfa-810	357	5	2007	2007	NUM
ajfa-810	357	6	)	)	PUNCT
ajfa-810	357	7	.	.	PUNCT
ajfa-810	358	1	corporate	corporate	ADJ
ajfa-810	358	2	governance	governance	NOUN
ajfa-810	358	3	:	:	PUNCT
ajfa-810	358	4	measurement	measurement	NOUN
ajfa-810	358	5	and	and	CCONJ
ajfa-810	358	6	determinant	determinant	ADJ
ajfa-810	358	7	analysis	analysis	NOUN
ajfa-810	358	8	.	.	PUNCT
ajfa-810	359	1	managerial	managerial	ADJ
ajfa-810	359	2	auditing	auditing	NOUN
ajfa-810	359	3	journal	journal	NOUN
ajfa-810	359	4	,	,	PUNCT
ajfa-810	359	5	22	22	NUM
ajfa-810	359	6	(	(	PUNCT
ajfa-810	359	7	8)	8)	NUM
ajfa-810	359	8	,	,	PUNCT
ajfa-810	359	9	740	740	NUM
ajfa-810	359	10	-	-	SYM
ajfa-810	359	11	760	760	NUM
ajfa-810	359	12	.	.	PUNCT
ajfa-810	359	13	http://dx.doi.org/10.1108/02686900710819625	http://dx.doi.org/10.1108/02686900710819625	PROPN
ajfa-810	359	14	asian	asian	PROPN
ajfa-810	359	15	journal	journal	PROPN
ajfa-810	359	16	of	of	ADP
ajfa-810	359	17	finance	finance	PROPN
ajfa-810	359	18	&	&	CCONJ
ajfa-810	359	19	accounting	accounting	PROPN
ajfa-810	359	20	issn	issn	PROPN
ajfa-810	359	21	1946	1946	NUM
ajfa-810	359	22	-	-	PUNCT
ajfa-810	359	23	052x	052x	NOUN
ajfa-810	359	24	2012	2012	NUM
ajfa-810	359	25	,	,	PUNCT
ajfa-810	359	26	vol	vol	NOUN
ajfa-810	359	27	.	.	PROPN
ajfa-810	359	28	4	4	NUM
ajfa-810	359	29	,	,	PUNCT
ajfa-810	359	30	no	no	INTJ
ajfa-810	359	31	.	.	NOUN
ajfa-810	359	32	1	1	NUM
ajfa-810	359	33	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-810	359	34	21	21	NUM
ajfa-810	359	35	kim	kim	PROPN
ajfa-810	359	36	,	,	PUNCT
ajfa-810	359	37	b.	b.	PROPN
ajfa-810	359	38	&	&	CCONJ
ajfa-810	359	39	lee	lee	PROPN
ajfa-810	359	40	,	,	PUNCT
ajfa-810	359	41	i.	i.	PROPN
ajfa-810	359	42	(	(	PUNCT
ajfa-810	359	43	2003	2003	NUM
ajfa-810	359	44	)	)	PUNCT
ajfa-810	359	45	.	.	PUNCT
ajfa-810	360	1	agency	agency	NOUN
ajfa-810	360	2	problems	problem	NOUN
ajfa-810	360	3	and	and	CCONJ
ajfa-810	360	4	performance	performance	NOUN
ajfa-810	360	5	of	of	ADP
ajfa-810	360	6	korean	korean	ADJ
ajfa-810	360	7	companies	company	NOUN
ajfa-810	360	8	during	during	ADP
ajfa-810	360	9	the	the	DET
ajfa-810	360	10	asian	asian	ADJ
ajfa-810	360	11	financial	financial	ADJ
ajfa-810	360	12	crisis	crisis	NOUN
ajfa-810	360	13	:	:	PUNCT
ajfa-810	360	14	chaebol	chaebol	NOUN
ajfa-810	360	15	vs.	vs.	ADP
ajfa-810	360	16	non	non	ADJ
ajfa-810	360	17	-	-	ADJ
ajfa-810	360	18	chaebol	chaebol	ADJ
ajfa-810	360	19	firms	firm	NOUN
ajfa-810	360	20	,	,	PUNCT
ajfa-810	360	21	pacific	pacific	ADJ
ajfa-810	360	22	-	-	PUNCT
ajfa-810	360	23	basin	basin	NOUN
ajfa-810	360	24	finance	finance	NOUN
ajfa-810	360	25	journal	journal	NOUN
ajfa-810	360	26	,	,	PUNCT
ajfa-810	360	27	vol	vol	NOUN
ajfa-810	360	28	.	.	PROPN
ajfa-810	360	29	11	11	NUM
ajfa-810	360	30	,	,	PUNCT
ajfa-810	360	31	pp	pp	ADJ
ajfa-810	360	32	.	.	PUNCT
ajfa-810	361	1	327	327	NUM
ajfa-810	361	2	-	-	SYM
ajfa-810	361	3	348	348	NUM
ajfa-810	361	4	.	.	PUNCT
ajfa-810	362	1	http://dx.doi.org/10.1016/s0927-538x(03)00027-1	http://dx.doi.org/10.1016/s0927-538x(03)00027-1	PROPN
ajfa-810	362	2	kim	kim	PROPN
ajfa-810	362	3	,	,	PUNCT
ajfa-810	362	4	k.a	k.a	PROPN
ajfa-810	362	5	.	.	PROPN
ajfa-810	362	6	&	&	CCONJ
ajfa-810	362	7	nofsinger	nofsinger	PROPN
ajfa-810	362	8	,	,	PUNCT
ajfa-810	362	9	j.r	j.r	PROPN
ajfa-810	362	10	.	.	PROPN
ajfa-810	362	11	(	(	PUNCT
ajfa-810	362	12	2004	2004	NUM
ajfa-810	362	13	)	)	PUNCT
ajfa-810	362	14	.	.	PUNCT
ajfa-810	363	1	corporate	corporate	ADJ
ajfa-810	363	2	governance	governance	NOUN
ajfa-810	363	3	.	.	PUNCT
ajfa-810	364	1	new	new	PROPN
ajfa-810	364	2	jersey	jersey	PROPN
ajfa-810	364	3	:	:	PUNCT
ajfa-810	364	4	pearson	pearson	PROPN
ajfa-810	364	5	prentice	prentice	PROPN
ajfa-810	364	6	hall	hall	PROPN
ajfa-810	364	7	.	.	PUNCT
ajfa-810	365	1	kolk	kolk	PROPN
ajfa-810	365	2	,	,	PUNCT
ajfa-810	365	3	a.	a.	NOUN
ajfa-810	365	4	&	&	CCONJ
ajfa-810	365	5	pinkse	pinkse	PROPN
ajfa-810	365	6	,	,	PUNCT
ajfa-810	365	7	j	j	PROPN
ajfa-810	365	8	(	(	PUNCT
ajfa-810	365	9	2010	2010	NUM
ajfa-810	365	10	)	)	PUNCT
ajfa-810	365	11	.	.	PUNCT
ajfa-810	366	1	the	the	DET
ajfa-810	366	2	integration	integration	NOUN
ajfa-810	366	3	of	of	ADP
ajfa-810	366	4	corporate	corporate	ADJ
ajfa-810	366	5	governance	governance	NOUN
ajfa-810	366	6	in	in	ADP
ajfa-810	366	7	corporate	corporate	ADJ
ajfa-810	366	8	social	social	ADJ
ajfa-810	366	9	responsibility	responsibility	NOUN
ajfa-810	366	10	disclosures	disclosure	NOUN
ajfa-810	366	11	,	,	PUNCT
ajfa-810	366	12	corporate	corporate	ADJ
ajfa-810	366	13	social	social	ADJ
ajfa-810	366	14	responsibility	responsibility	NOUN
ajfa-810	366	15	and	and	CCONJ
ajfa-810	366	16	environmental	environmental	ADJ
ajfa-810	366	17	management	management	NOUN
ajfa-810	366	18	,	,	PUNCT
ajfa-810	366	19	vol.17	vol.17	ADJ
ajfa-810	366	20	pp	pp	ADJ
ajfa-810	366	21	.	.	PUNCT
ajfa-810	367	1	15	15	NUM
ajfa-810	367	2	-	-	SYM
ajfa-810	367	3	26	26	NUM
ajfa-810	367	4	.	.	PUNCT
ajfa-810	368	1	lakhal	lakhal	PROPN
ajfa-810	368	2	,	,	PUNCT
ajfa-810	368	3	f.	f.	PROPN
ajfa-810	368	4	(	(	PUNCT
ajfa-810	368	5	2005	2005	NUM
ajfa-810	368	6	)	)	PUNCT
ajfa-810	368	7	.	.	PUNCT
ajfa-810	369	1	voluntary	voluntary	ADJ
ajfa-810	369	2	earnings	earning	NOUN
ajfa-810	369	3	disclosures	disclosure	NOUN
ajfa-810	369	4	and	and	CCONJ
ajfa-810	369	5	corporate	corporate	ADJ
ajfa-810	369	6	governance	governance	NOUN
ajfa-810	369	7	:	:	PUNCT
ajfa-810	369	8	evidence	evidence	NOUN
ajfa-810	369	9	from	from	ADP
ajfa-810	369	10	france	france	PROPN
ajfa-810	369	11	,	,	PUNCT
ajfa-810	369	12	review	review	NOUN
ajfa-810	369	13	of	of	ADP
ajfa-810	369	14	accounting	accounting	NOUN
ajfa-810	369	15	and	and	CCONJ
ajfa-810	369	16	finance	finance	NOUN
ajfa-810	369	17	,	,	PUNCT
ajfa-810	369	18	vol	vol	NOUN
ajfa-810	369	19	.	.	PROPN
ajfa-810	369	20	4	4	NUM
ajfa-810	370	1	no	no	NOUN
ajfa-810	370	2	.	.	NOUN
ajfa-810	371	1	3	3	NUM
ajfa-810	371	2	,	,	PUNCT
ajfa-810	371	3	pp	pp	ADJ
ajfa-810	371	4	.	.	PUNCT
ajfa-810	372	1	64	64	NUM
ajfa-810	372	2	-	-	SYM
ajfa-810	372	3	85	85	NUM
ajfa-810	372	4	.	.	PUNCT
ajfa-810	373	1	http://dx.doi.org/10.1108/eb043431	http://dx.doi.org/10.1108/eb043431	PROPN
ajfa-810	373	2	langnan	langnan	PROPN
ajfa-810	373	3	chen	chen	PROPN
ajfa-810	373	4	,	,	PUNCT
ajfa-810	373	5	steven	steven	PROPN
ajfa-810	373	6	li	li	PROPN
ajfa-810	373	7	,	,	PUNCT
ajfa-810	373	8	&	&	CCONJ
ajfa-810	373	9	weibin	weibin	PROPN
ajfa-810	373	10	lin	lin	PROPN
ajfa-810	373	11	.	.	PUNCT
ajfa-810	374	1	(	(	PUNCT
ajfa-810	374	2	2007	2007	NUM
ajfa-810	374	3	)	)	PUNCT
ajfa-810	374	4	.	.	PUNCT
ajfa-810	375	1	corporate	corporate	ADJ
ajfa-810	375	2	governance	governance	NOUN
ajfa-810	375	3	and	and	CCONJ
ajfa-810	375	4	corporate	corporate	ADJ
ajfa-810	375	5	performance	performance	NOUN
ajfa-810	375	6	:	:	PUNCT
ajfa-810	375	7	some	some	DET
ajfa-810	375	8	evidence	evidence	NOUN
ajfa-810	375	9	from	from	ADP
ajfa-810	375	10	newly	newly	ADV
ajfa-810	375	11	listed	list	VERB
ajfa-810	375	12	firms	firm	NOUN
ajfa-810	375	13	on	on	ADP
ajfa-810	375	14	chinese	chinese	ADJ
ajfa-810	375	15	stock	stock	NOUN
ajfa-810	375	16	markets	market	NOUN
ajfa-810	375	17	,	,	PUNCT
ajfa-810	375	18	international	international	ADJ
ajfa-810	375	19	journal	journal	NOUN
ajfa-810	375	20	of	of	ADP
ajfa-810	375	21	accounting	accounting	NOUN
ajfa-810	375	22	,	,	PUNCT
ajfa-810	375	23	auditing	auditing	NOUN
ajfa-810	375	24	and	and	CCONJ
ajfa-810	375	25	performance	performance	NOUN
ajfa-810	375	26	evaluation	evaluation	NOUN
ajfa-810	375	27	2007	2007	NUM
ajfa-810	375	28	,	,	PUNCT
ajfa-810	375	29	vol	vol	NOUN
ajfa-810	375	30	.	.	PROPN
ajfa-810	375	31	4	4	NUM
ajfa-810	375	32	no.2	no.2	PROPN
ajfa-810	375	33	,	,	PUNCT
ajfa-810	375	34	pp	pp	ADJ
ajfa-810	375	35	.	.	PUNCT
ajfa-810	376	1	183	183	NUM
ajfa-810	376	2	197	197	NUM
ajfa-810	376	3	.	.	PUNCT
ajfa-810	377	1	http://dx.doi.org/10.1504/ijaape.2007.015233	http://dx.doi.org/10.1504/ijaape.2007.015233	PROPN
ajfa-810	377	2	le	le	PROPN
ajfa-810	377	3	,	,	PUNCT
ajfa-810	377	4	s.a	s.a	PROPN
ajfa-810	377	5	.	.	PROPN
ajfa-810	377	6	,	,	PUNCT
ajfa-810	377	7	walters	walters	PROPN
ajfa-810	377	8	,	,	PUNCT
ajfa-810	377	9	b.	b.	PROPN
ajfa-810	377	10	&	&	CCONJ
ajfa-810	377	11	kroll	kroll	PROPN
ajfa-810	377	12	,	,	PUNCT
ajfa-810	377	13	m.	m.	NOUN
ajfa-810	377	14	(	(	PUNCT
ajfa-810	377	15	2006	2006	NUM
ajfa-810	377	16	)	)	PUNCT
ajfa-810	377	17	.	.	PUNCT
ajfa-810	378	1	the	the	DET
ajfa-810	378	2	moderating	moderate	VERB
ajfa-810	378	3	effects	effect	NOUN
ajfa-810	378	4	of	of	ADP
ajfa-810	378	5	external	external	ADJ
ajfa-810	378	6	monitors	monitor	NOUN
ajfa-810	378	7	on	on	ADP
ajfa-810	378	8	the	the	DET
ajfa-810	378	9	relationship	relationship	NOUN
ajfa-810	378	10	between	between	ADP
ajfa-810	378	11	r	r	NOUN
ajfa-810	378	12	and	and	CCONJ
ajfa-810	378	13	d	d	NOUN
ajfa-810	378	14	spending	spending	NOUN
ajfa-810	378	15	and	and	CCONJ
ajfa-810	378	16	firm	firm	ADJ
ajfa-810	378	17	performance	performance	NOUN
ajfa-810	378	18	,	,	PUNCT
ajfa-810	378	19	journal	journal	NOUN
ajfa-810	378	20	of	of	ADP
ajfa-810	378	21	business	business	NOUN
ajfa-810	378	22	research	research	NOUN
ajfa-810	378	23	,	,	PUNCT
ajfa-810	378	24	vol	vol	NOUN
ajfa-810	378	25	.	.	PROPN
ajfa-810	378	26	59	59	NUM
ajfa-810	378	27	,	,	PUNCT
ajfa-810	378	28	pp	pp	ADJ
ajfa-810	378	29	.	.	PUNCT
ajfa-810	378	30	278	278	NUM
ajfa-810	378	31	-	-	SYM
ajfa-810	378	32	287	287	NUM
ajfa-810	378	33	.	.	PUNCT
ajfa-810	379	1	http://dx.doi.org/10.1016/j.jbusres.2005.04.003	http://dx.doi.org/10.1016/j.jbusres.2005.04.003	PROPN
ajfa-810	379	2	leng	leng	PROPN
ajfa-810	379	3	,	,	PUNCT
ajfa-810	379	4	a.c.a	a.c.a	NOUN
ajfa-810	379	5	.	.	PUNCT
ajfa-810	379	6	&	&	CCONJ
ajfa-810	379	7	shazaili	shazaili	PROPN
ajfa-810	379	8	,	,	PUNCT
ajfa-810	379	9	a.	a.	NOUN
ajfa-810	379	10	m.	m.	NOUN
ajfa-810	379	11	(	(	PUNCT
ajfa-810	379	12	2005	2005	NUM
ajfa-810	379	13	)	)	PUNCT
ajfa-810	379	14	.	.	PUNCT
ajfa-810	380	1	can	can	AUX
ajfa-810	380	2	good	good	ADJ
ajfa-810	380	3	corporate	corporate	ADJ
ajfa-810	380	4	governance	governance	NOUN
ajfa-810	380	5	practices	practice	NOUN
ajfa-810	380	6	contribute	contribute	VERB
ajfa-810	380	7	to	to	ADP
ajfa-810	380	8	firms	firm	NOUN
ajfa-810	380	9	’	'	PUNCT
ajfa-810	380	10	financial	financial	ADJ
ajfa-810	380	11	performance?-evidence	performance?-evidence	NOUN
ajfa-810	380	12	from	from	ADP
ajfa-810	380	13	malaysian	malaysian	ADJ
ajfa-810	380	14	companies	company	NOUN
ajfa-810	380	15	,	,	PUNCT
ajfa-810	380	16	int	int	NOUN
ajfa-810	380	17	.	.	PUNCT
ajfa-810	381	1	j.	j.	PROPN
ajfa-810	381	2	business	business	PROPN
ajfa-810	381	3	governance	governance	NOUN
ajfa-810	381	4	and	and	CCONJ
ajfa-810	381	5	ethics	ethic	NOUN
ajfa-810	381	6	,	,	PUNCT
ajfa-810	381	7	vol	vol	NOUN
ajfa-810	381	8	.	.	PROPN
ajfa-810	381	9	1	1	NUM
ajfa-810	381	10	no.4	no.4	PROPN
ajfa-810	381	11	,	,	PUNCT
ajfa-810	381	12	pp	pp	X
ajfa-810	381	13	.	.	PUNCT
ajfa-810	382	1	350	350	NUM
ajfa-810	382	2	-	-	SYM
ajfa-810	382	3	362	362	NUM
ajfa-810	382	4	.	.	PUNCT
ajfa-810	383	1	http://dx.doi.org/10.1504/ijbge.2005.006717	http://dx.doi.org/10.1504/ijbge.2005.006717	PROPN
ajfa-810	383	2	leong	leong	PROPN
ajfa-810	383	3	,	,	PUNCT
ajfa-810	383	4	j.	j.	PROPN
ajfa-810	383	5	(	(	PUNCT
ajfa-810	383	6	2005	2005	NUM
ajfa-810	383	7	)	)	PUNCT
ajfa-810	383	8	.	.	PUNCT
ajfa-810	384	1	corporate	corporate	ADJ
ajfa-810	384	2	risk	risk	NOUN
ajfa-810	384	3	disclosure	disclosure	NOUN
ajfa-810	384	4	and	and	CCONJ
ajfa-810	384	5	transparency	transparency	NOUN
ajfa-810	384	6	:	:	PUNCT
ajfa-810	384	7	what	what	DET
ajfa-810	384	8	risks	risk	NOUN
ajfa-810	384	9	should	should	AUX
ajfa-810	384	10	organization	organization	VERB
ajfa-810	384	11	disclosure	disclosure	NOUN
ajfa-810	384	12	and	and	CCONJ
ajfa-810	384	13	how	how	SCONJ
ajfa-810	384	14	?	?	PUNCT
ajfa-810	384	15	,	,	PUNCT
ajfa-810	384	16	paper	paper	NOUN
ajfa-810	384	17	presented	present	VERB
ajfa-810	384	18	at	at	ADP
ajfa-810	384	19	asia	asia	PROPN
ajfa-810	384	20	corporate	corporate	ADJ
ajfa-810	384	21	governance	governance	NOUN
ajfa-810	384	22	conference	conference	NOUN
ajfa-810	384	23	2005	2005	NUM
ajfa-810	384	24	:	:	PUNCT
ajfa-810	384	25	managing	manage	VERB
ajfa-810	384	26	corporate	corporate	ADJ
ajfa-810	384	27	responsibility	responsibility	NOUN
ajfa-810	384	28	and	and	CCONJ
ajfa-810	384	29	crisis	crisis	NOUN
ajfa-810	384	30	through	through	ADP
ajfa-810	384	31	fairness	fairness	NOUN
ajfa-810	384	32	,	,	PUNCT
ajfa-810	384	33	transparency	transparency	NOUN
ajfa-810	384	34	and	and	CCONJ
ajfa-810	384	35	accountability	accountability	NOUN
ajfa-810	384	36	,	,	PUNCT
ajfa-810	384	37	kuala	kuala	PROPN
ajfa-810	384	38	lumpur	lumpur	PROPN
ajfa-810	384	39	,	,	PUNCT
ajfa-810	384	40	malaysia	malaysia	PROPN
ajfa-810	384	41	.	.	PUNCT
ajfa-810	384	42	leung	leung	PROPN
ajfa-810	384	43	,	,	PUNCT
ajfa-810	384	44	s.	s.	PROPN
ajfa-810	384	45	&	&	CCONJ
ajfa-810	384	46	horwitz	horwitz	PROPN
ajfa-810	384	47	,	,	PUNCT
ajfa-810	384	48	b.	b.	PROPN
ajfa-810	384	49	(	(	PUNCT
ajfa-810	384	50	2004	2004	NUM
ajfa-810	384	51	)	)	PUNCT
ajfa-810	384	52	.	.	PUNCT
ajfa-810	385	1	director	director	NOUN
ajfa-810	385	2	ownership	ownership	NOUN
ajfa-810	385	3	and	and	CCONJ
ajfa-810	385	4	voluntary	voluntary	ADJ
ajfa-810	385	5	segment	segment	NOUN
ajfa-810	385	6	disclosure	disclosure	NOUN
ajfa-810	385	7	:	:	PUNCT
ajfa-810	385	8	hong	hong	PROPN
ajfa-810	385	9	kong	kong	PROPN
ajfa-810	385	10	experience	experience	PROPN
ajfa-810	385	11	,	,	PUNCT
ajfa-810	385	12	journal	journal	NOUN
ajfa-810	385	13	of	of	ADP
ajfa-810	385	14	international	international	ADJ
ajfa-810	385	15	financial	financial	ADJ
ajfa-810	385	16	management	management	NOUN
ajfa-810	385	17	and	and	CCONJ
ajfa-810	385	18	accounting	accounting	NOUN
ajfa-810	385	19	,	,	PUNCT
ajfa-810	385	20	vol.15	vol.15	NOUN
ajfa-810	385	21	no.3	no.3	PROPN
ajfa-810	385	22	,	,	PUNCT
ajfa-810	385	23	pp	pp	PROPN
ajfa-810	385	24	.	.	PUNCT
ajfa-810	386	1	235	235	NUM
ajfa-810	386	2	-	-	SYM
ajfa-810	386	3	260	260	NUM
ajfa-810	386	4	.	.	PUNCT
ajfa-810	387	1	http://dx.doi.org/10.1111/j.1467-646x.2004.00109.x	http://dx.doi.org/10.1111/j.1467-646x.2004.00109.x	PROPN
ajfa-810	387	2	lu	lu	PROPN
ajfa-810	387	3	,	,	PUNCT
ajfa-810	387	4	c.	c.	PROPN
ajfa-810	387	5	,	,	PUNCT
ajfa-810	387	6	liao	liao	PROPN
ajfa-810	387	7	,	,	PUNCT
ajfa-810	387	8	g.m	g.m	PROPN
ajfa-810	387	9	.	.	PROPN
ajfa-810	387	10	&	&	CCONJ
ajfa-810	387	11	yang	yang	PROPN
ajfa-810	387	12	,	,	PUNCT
ajfa-810	387	13	y.c	y.c	PROPN
ajfa-810	387	14	.	.	PROPN
ajfa-810	387	15	(	(	PUNCT
ajfa-810	387	16	2007	2007	NUM
ajfa-810	387	17	)	)	PUNCT
ajfa-810	387	18	.	.	PUNCT
ajfa-810	388	1	ownership	ownership	NOUN
ajfa-810	388	2	structure	structure	NOUN
ajfa-810	388	3	,	,	PUNCT
ajfa-810	388	4	information	information	NOUN
ajfa-810	388	5	disclosure	disclosure	NOUN
ajfa-810	388	6	and	and	CCONJ
ajfa-810	388	7	corporate	corporate	ADJ
ajfa-810	388	8	value	value	NOUN
ajfa-810	388	9	:	:	PUNCT
ajfa-810	388	10	an	an	DET
ajfa-810	388	11	empirical	empirical	ADJ
ajfa-810	388	12	analysis	analysis	NOUN
ajfa-810	388	13	of	of	ADP
ajfa-810	388	14	taiwan	taiwan	PROPN
ajfa-810	388	15	companies	company	NOUN
ajfa-810	388	16	”	"	PUNCT
ajfa-810	388	17	,	,	PUNCT
ajfa-810	388	18	paper	paper	NOUN
ajfa-810	388	19	presented	present	VERB
ajfa-810	388	20	at	at	ADP
ajfa-810	388	21	the	the	DET
ajfa-810	388	22	13th	13th	ADJ
ajfa-810	388	23	asia	asia	PROPN
ajfa-810	388	24	pacific	pacific	PROPN
ajfa-810	388	25	management	management	PROPN
ajfa-810	388	26	conference	conference	NOUN
ajfa-810	388	27	,	,	PUNCT
ajfa-810	388	28	monash	monash	PROPN
ajfa-810	388	29	university	university	PROPN
ajfa-810	388	30	,	,	PUNCT
ajfa-810	388	31	melbourne	melbourne	PROPN
ajfa-810	388	32	,	,	PUNCT
ajfa-810	388	33	available	available	ADJ
ajfa-810	388	34	at	at	ADP
ajfa-810	388	35	:	:	PUNCT
ajfa-810	388	36	http://210.70.175.208/dr_bonus/adminpage/paperfile/20071207082044.pdf	http://210.70.175.208/dr_bonus/adminpage/paperfile/20071207082044.pdf	PROPN
ajfa-810	388	37	(	(	PUNCT
ajfa-810	388	38	accessed	access	VERB
ajfa-810	388	39	29	29	NUM
ajfa-810	388	40	april	april	PROPN
ajfa-810	388	41	2008	2008	NUM
ajfa-810	388	42	)	)	PUNCT
ajfa-810	388	43	.	.	PUNCT
ajfa-810	389	1	luo	luo	PROPN
ajfa-810	389	2	,	,	PUNCT
ajfa-810	389	3	s.	s.	PROPN
ajfa-810	389	4	,	,	PUNCT
ajfa-810	389	5	courtenay	courtenay	PROPN
ajfa-810	389	6	,	,	PUNCT
ajfa-810	389	7	s.m	s.m	PROPN
ajfa-810	389	8	.	.	PROPN
ajfa-810	389	9	&	&	CCONJ
ajfa-810	389	10	hossain	hossain	PROPN
ajfa-810	389	11	,	,	PUNCT
ajfa-810	389	12	m.	m.	NOUN
ajfa-810	389	13	(	(	PUNCT
ajfa-810	389	14	2006	2006	NUM
ajfa-810	389	15	)	)	PUNCT
ajfa-810	389	16	.	.	PUNCT
ajfa-810	390	1	the	the	DET
ajfa-810	390	2	effect	effect	NOUN
ajfa-810	390	3	of	of	ADP
ajfa-810	390	4	voluntary	voluntary	ADJ
ajfa-810	390	5	disclosure	disclosure	NOUN
ajfa-810	390	6	,	,	PUNCT
ajfa-810	390	7	ownership	ownership	NOUN
ajfa-810	390	8	structure	structure	NOUN
ajfa-810	390	9	and	and	CCONJ
ajfa-810	390	10	proprietary	proprietary	ADJ
ajfa-810	390	11	cost	cost	NOUN
ajfa-810	390	12	on	on	ADP
ajfa-810	390	13	the	the	DET
ajfa-810	390	14	return	return	NOUN
ajfa-810	390	15	-	-	PUNCT
ajfa-810	390	16	future	future	NOUN
ajfa-810	390	17	earnings	earning	NOUN
ajfa-810	390	18	relation	relation	NOUN
ajfa-810	390	19	,	,	PUNCT
ajfa-810	390	20	pacific	pacific	ADJ
ajfa-810	390	21	-	-	PUNCT
ajfa-810	390	22	basin	basin	NOUN
ajfa-810	390	23	finance	finance	NOUN
ajfa-810	390	24	journal	journal	NOUN
ajfa-810	390	25	,	,	PUNCT
ajfa-810	390	26	vol.14	vol.14	NOUN
ajfa-810	390	27	,	,	PUNCT
ajfa-810	390	28	pp	pp	ADJ
ajfa-810	390	29	.	.	PUNCT
ajfa-810	390	30	501	501	NUM
ajfa-810	390	31	-	-	SYM
ajfa-810	390	32	521	521	NUM
ajfa-810	390	33	.	.	PUNCT
ajfa-810	390	34	http://dx.doi.org/10.1016/j.pacfin.2006.02.002	http://dx.doi.org/10.1016/j.pacfin.2006.02.002	PROPN
ajfa-810	390	35	asian	asian	PROPN
ajfa-810	390	36	journal	journal	PROPN
ajfa-810	390	37	of	of	ADP
ajfa-810	390	38	finance	finance	PROPN
ajfa-810	390	39	&	&	CCONJ
ajfa-810	390	40	accounting	accounting	PROPN
ajfa-810	390	41	issn	issn	PROPN
ajfa-810	390	42	1946	1946	NUM
ajfa-810	390	43	-	-	PUNCT
ajfa-810	390	44	052x	052x	NOUN
ajfa-810	390	45	2012	2012	NUM
ajfa-810	390	46	,	,	PUNCT
ajfa-810	390	47	vol	vol	NOUN
ajfa-810	390	48	.	.	PROPN
ajfa-810	390	49	4	4	NUM
ajfa-810	390	50	,	,	PUNCT
ajfa-810	390	51	no	no	INTJ
ajfa-810	390	52	.	.	NOUN
ajfa-810	390	53	1	1	NUM
ajfa-810	390	54	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-810	390	55	22	22	NUM
ajfa-810	390	56	mak	mak	PROPN
ajfa-810	390	57	,	,	PUNCT
ajfa-810	390	58	y.t	y.t	PROPN
ajfa-810	390	59	.	.	PROPN
ajfa-810	390	60	&	&	CCONJ
ajfa-810	390	61	li	li	PROPN
ajfa-810	390	62	,	,	PUNCT
ajfa-810	390	63	y.	y.	PROPN
ajfa-810	390	64	(	(	PUNCT
ajfa-810	390	65	2001	2001	NUM
ajfa-810	390	66	)	)	PUNCT
ajfa-810	390	67	.	.	PUNCT
ajfa-810	391	1	determinants	determinant	NOUN
ajfa-810	391	2	of	of	ADP
ajfa-810	391	3	corporate	corporate	ADJ
ajfa-810	391	4	ownership	ownership	NOUN
ajfa-810	391	5	and	and	CCONJ
ajfa-810	391	6	board	board	NOUN
ajfa-810	391	7	structure	structure	NOUN
ajfa-810	391	8	:	:	PUNCT
ajfa-810	391	9	evidence	evidence	NOUN
ajfa-810	391	10	from	from	ADP
ajfa-810	391	11	singapore	singapore	PROPN
ajfa-810	391	12	.	.	PUNCT
ajfa-810	392	1	journal	journal	PROPN
ajfa-810	392	2	of	of	ADP
ajfa-810	392	3	corporate	corporate	ADJ
ajfa-810	392	4	finance	finance	NOUN
ajfa-810	392	5	,	,	PUNCT
ajfa-810	392	6	7	7	NUM
ajfa-810	392	7	,	,	PUNCT
ajfa-810	392	8	235	235	NUM
ajfa-810	392	9	-	-	SYM
ajfa-810	392	10	256	256	NUM
ajfa-810	392	11	.	.	PUNCT
ajfa-810	393	1	http://dx.doi.org/10.1016/s0929-1199(01)00021-9	http://dx.doi.org/10.1016/s0929-1199(01)00021-9	ADJ
ajfa-810	393	2	malaysian	malaysian	ADJ
ajfa-810	393	3	code	code	NOUN
ajfa-810	393	4	of	of	ADP
ajfa-810	393	5	corporate	corporate	ADJ
ajfa-810	393	6	governance	governance	NOUN
ajfa-810	393	7	.	.	PUNCT
ajfa-810	394	1	(	(	PUNCT
ajfa-810	394	2	2001	2001	NUM
ajfa-810	394	3	)	)	PUNCT
ajfa-810	394	4	.	.	PUNCT
ajfa-810	395	1	securities	security	NOUN
ajfa-810	395	2	commission	commission	PROPN
ajfa-810	395	3	,	,	PUNCT
ajfa-810	395	4	kuala	kuala	PROPN
ajfa-810	395	5	lumpur	lumpur	PROPN
ajfa-810	395	6	,	,	PUNCT
ajfa-810	395	7	available	available	ADJ
ajfa-810	395	8	at	at	ADP
ajfa-810	395	9	:	:	PUNCT
ajfa-810	395	10	http://www.ecgi.org/codes/documents/mccg_mar2000.pdf	http://www.ecgi.org/codes/documents/mccg_mar2000.pdf	NOUN
ajfa-810	395	11	(	(	PUNCT
ajfa-810	395	12	accessed	access	VERB
ajfa-810	395	13	30	30	NUM
ajfa-810	395	14	april	april	PROPN
ajfa-810	395	15	2008	2008	NUM
ajfa-810	395	16	)	)	PUNCT
ajfa-810	395	17	.	.	PUNCT
ajfa-810	396	1	malaysian	malaysian	PROPN
ajfa-810	396	2	code	code	PROPN
ajfa-810	396	3	of	of	ADP
ajfa-810	396	4	corporate	corporate	ADJ
ajfa-810	396	5	governance	governance	NOUN
ajfa-810	396	6	.	.	PUNCT
ajfa-810	397	1	(	(	PUNCT
ajfa-810	397	2	2007	2007	NUM
ajfa-810	397	3	)	)	PUNCT
ajfa-810	397	4	.	.	PUNCT
ajfa-810	398	1	securities	security	NOUN
ajfa-810	398	2	commission	commission	PROPN
ajfa-810	398	3	,	,	PUNCT
ajfa-810	398	4	kuala	kuala	PROPN
ajfa-810	398	5	lumpur	lumpur	PROPN
ajfa-810	398	6	,	,	PUNCT
ajfa-810	398	7	available	available	ADJ
ajfa-810	398	8	at	at	ADP
ajfa-810	398	9	:	:	PUNCT
ajfa-810	398	10	http://www.ecgi.org/codes/documents/cg_code_malaysia_2007_en.pdf	http://www.ecgi.org/codes/documents/cg_code_malaysia_2007_en.pdf	PUNCT
ajfa-810	398	11	(	(	PUNCT
ajfa-810	398	12	accessed	access	VERB
ajfa-810	398	13	30	30	NUM
ajfa-810	398	14	april	april	PROPN
ajfa-810	398	15	2008	2008	NUM
ajfa-810	398	16	)	)	PUNCT
ajfa-810	398	17	.	.	PUNCT
ajfa-810	399	1	mohammad	mohammad	PROPN
ajfa-810	399	2	rizal	rizal	PROPN
ajfa-810	399	3	,	,	PUNCT
ajfa-810	399	4	s.	s.	PROPN
ajfa-810	399	5	(	(	PUNCT
ajfa-810	399	6	2006	2006	NUM
ajfa-810	399	7	)	)	PUNCT
ajfa-810	399	8	.	.	PUNCT
ajfa-810	400	1	legal	legal	ADJ
ajfa-810	400	2	transplantation	transplantation	NOUN
ajfa-810	400	3	and	and	CCONJ
ajfa-810	400	4	local	local	ADJ
ajfa-810	400	5	knowledge	knowledge	NOUN
ajfa-810	400	6	:	:	PUNCT
ajfa-810	400	7	corporate	corporate	ADJ
ajfa-810	400	8	governance	governance	NOUN
ajfa-810	400	9	in	in	ADP
ajfa-810	400	10	malaysia	malaysia	PROPN
ajfa-810	400	11	,	,	PUNCT
ajfa-810	400	12	australian	australian	ADJ
ajfa-810	400	13	journal	journal	NOUN
ajfa-810	400	14	of	of	ADP
ajfa-810	400	15	corporate	corporate	ADJ
ajfa-810	400	16	law	law	NOUN
ajfa-810	400	17	,	,	PUNCT
ajfa-810	400	18	vol	vol	NOUN
ajfa-810	400	19	.	.	PROPN
ajfa-810	401	1	20	20	NUM
ajfa-810	401	2	no.10	no.10	ADJ
ajfa-810	401	3	,	,	PUNCT
ajfa-810	401	4	pp	pp	ADJ
ajfa-810	401	5	.	.	PUNCT
ajfa-810	402	1	1	1	NUM
ajfa-810	402	2	-	-	SYM
ajfa-810	402	3	29	29	NUM
ajfa-810	402	4	.	.	PUNCT
ajfa-810	403	1	muth	muth	PROPN
ajfa-810	403	2	,	,	PUNCT
ajfa-810	403	3	m.	m.	NOUN
ajfa-810	403	4	m.	m.	PROPN
ajfa-810	403	5	&	&	CCONJ
ajfa-810	403	6	donaldson	donaldson	PROPN
ajfa-810	403	7	,	,	PUNCT
ajfa-810	403	8	l.	l.	PROPN
ajfa-810	403	9	(	(	PUNCT
ajfa-810	403	10	1998	1998	NUM
ajfa-810	403	11	)	)	PUNCT
ajfa-810	403	12	.	.	PUNCT
ajfa-810	404	1	stewardship	stewardship	NOUN
ajfa-810	404	2	theory	theory	NOUN
ajfa-810	404	3	and	and	CCONJ
ajfa-810	404	4	board	board	NOUN
ajfa-810	404	5	structure	structure	NOUN
ajfa-810	404	6	:	:	PUNCT
ajfa-810	404	7	a	a	DET
ajfa-810	404	8	contingency	contingency	NOUN
ajfa-810	404	9	approach	approach	NOUN
ajfa-810	404	10	”	"	PUNCT
ajfa-810	404	11	,	,	PUNCT
ajfa-810	404	12	scholarly	scholarly	ADJ
ajfa-810	404	13	research	research	NOUN
ajfa-810	404	14	and	and	CCONJ
ajfa-810	404	15	theory	theory	NOUN
ajfa-810	404	16	papers	paper	NOUN
ajfa-810	404	17	,	,	PUNCT
ajfa-810	404	18	vol	vol	NOUN
ajfa-810	404	19	.	.	PROPN
ajfa-810	404	20	6	6	NUM
ajfa-810	404	21	no.1	no.1	NUM
ajfa-810	404	22	,	,	PUNCT
ajfa-810	404	23	pp	pp	ADJ
ajfa-810	404	24	.	.	PUNCT
ajfa-810	405	1	5	5	NUM
ajfa-810	405	2	-	-	SYM
ajfa-810	405	3	28	28	NUM
ajfa-810	405	4	.	.	PUNCT
ajfa-810	405	5	norita	norita	PROPN
ajfa-810	405	6	,	,	PUNCT
ajfa-810	405	7	m.n	m.n	PROPN
ajfa-810	405	8	.	.	PROPN
ajfa-810	405	9	&	&	CCONJ
ajfa-810	405	10	shamsul	shamsul	PROPN
ajfa-810	405	11	nahar	nahar	PROPN
ajfa-810	405	12	,	,	PUNCT
ajfa-810	405	13	a.	a.	NOUN
ajfa-810	405	14	(	(	PUNCT
ajfa-810	405	15	2004	2004	NUM
ajfa-810	405	16	)	)	PUNCT
ajfa-810	405	17	.	.	PUNCT
ajfa-810	406	1	voluntary	voluntary	ADJ
ajfa-810	406	2	disclosure	disclosure	NOUN
ajfa-810	406	3	and	and	CCONJ
ajfa-810	406	4	corporate	corporate	ADJ
ajfa-810	406	5	governance	governance	NOUN
ajfa-810	406	6	among	among	ADP
ajfa-810	406	7	financially	financially	ADV
ajfa-810	406	8	distressed	distressed	ADJ
ajfa-810	406	9	firms	firm	NOUN
ajfa-810	406	10	in	in	ADP
ajfa-810	406	11	malaysia	malaysia	PROPN
ajfa-810	406	12	,	,	PUNCT
ajfa-810	406	13	the	the	DET
ajfa-810	406	14	electronic	electronic	ADJ
ajfa-810	406	15	journal	journal	NOUN
ajfa-810	406	16	of	of	ADP
ajfa-810	406	17	the	the	DET
ajfa-810	406	18	accounting	accounting	NOUN
ajfa-810	406	19	standards	standard	NOUN
ajfa-810	406	20	interest	interest	NOUN
ajfa-810	406	21	group	group	NOUN
ajfa-810	406	22	of	of	ADP
ajfa-810	406	23	afaanz	afaanz	NOUN
ajfa-810	406	24	,	,	PUNCT
ajfa-810	406	25	vol	vol	NOUN
ajfa-810	406	26	.	.	NOUN
ajfa-810	406	27	3	3	NUM
ajfa-810	406	28	no	no	DET
ajfa-810	406	29	1	1	NUM
ajfa-810	406	30	,	,	PUNCT
ajfa-810	406	31	available	available	ADJ
ajfa-810	406	32	at	at	ADP
ajfa-810	406	33	:	:	PUNCT
ajfa-810	406	34	http://www.cbs.curtin.edu.au/files/nasir-abdullah.pdf	http://www.cbs.curtin.edu.au/files/nasir-abdullah.pdf	NOUN
ajfa-810	406	35	(	(	PUNCT
ajfa-810	406	36	accessed	access	VERB
ajfa-810	406	37	16	16	NUM
ajfa-810	406	38	may	may	PROPN
ajfa-810	406	39	2008	2008	NUM
ajfa-810	406	40	)	)	PUNCT
ajfa-810	406	41	.	.	PUNCT
ajfa-810	407	1	patel	patel	PROPN
ajfa-810	407	2	,	,	PUNCT
ajfa-810	407	3	s.a	s.a	PROPN
ajfa-810	407	4	.	.	PROPN
ajfa-810	407	5	,	,	PUNCT
ajfa-810	407	6	balic	balic	PROPN
ajfa-810	407	7	,	,	PUNCT
ajfa-810	407	8	a.	a.	PROPN
ajfa-810	407	9	&	&	CCONJ
ajfa-810	407	10	bwakira	bwakira	PROPN
ajfa-810	407	11	,	,	PUNCT
ajfa-810	407	12	l.	l.	PROPN
ajfa-810	407	13	(	(	PUNCT
ajfa-810	407	14	2002	2002	NUM
ajfa-810	407	15	)	)	PUNCT
ajfa-810	407	16	.	.	PUNCT
ajfa-810	408	1	measuring	measure	VERB
ajfa-810	408	2	transparency	transparency	NOUN
ajfa-810	408	3	and	and	CCONJ
ajfa-810	408	4	disclosure	disclosure	NOUN
ajfa-810	408	5	at	at	ADP
ajfa-810	408	6	firm	firm	ADJ
ajfa-810	408	7	level	level	NOUN
ajfa-810	408	8	in	in	ADP
ajfa-810	408	9	emerging	emerge	VERB
ajfa-810	408	10	market	market	NOUN
ajfa-810	408	11	,	,	PUNCT
ajfa-810	408	12	emerging	emerge	VERB
ajfa-810	408	13	markets	market	NOUN
ajfa-810	408	14	review	review	VERB
ajfa-810	408	15	,	,	PUNCT
ajfa-810	408	16	vol	vol	NOUN
ajfa-810	408	17	3	3	NUM
ajfa-810	408	18	,	,	PUNCT
ajfa-810	408	19	pp	pp	ADJ
ajfa-810	408	20	.	.	PUNCT
ajfa-810	409	1	325	325	NUM
ajfa-810	409	2	-	-	SYM
ajfa-810	409	3	337	337	NUM
ajfa-810	409	4	.	.	PUNCT
ajfa-810	410	1	http://dx.doi.org/10.1016/s1566-0141(02)00040-7	http://dx.doi.org/10.1016/s1566-0141(02)00040-7	VERB
ajfa-810	410	2	pramanik	pramanik	PROPN
ajfa-810	410	3	,	,	PUNCT
ajfa-810	410	4	alok	alok	PROPN
ajfa-810	410	5	kumar	kumar	PROPN
ajfa-810	410	6	;	;	PUNCT
ajfa-810	410	7	shil	shil	PROPN
ajfa-810	410	8	,	,	PUNCT
ajfa-810	410	9	nikhil	nikhil	PROPN
ajfa-810	410	10	chandra	chandra	PROPN
ajfa-810	410	11	&	&	CCONJ
ajfa-810	410	12	das	das	PROPN
ajfa-810	410	13	,	,	PUNCT
ajfa-810	410	14	bhagaba.n	bhagaba.n	PROPN
ajfa-810	410	15	(	(	PUNCT
ajfa-810	410	16	2007	2007	NUM
ajfa-810	410	17	)	)	PUNCT
ajfa-810	410	18	.	.	PUNCT
ajfa-810	411	1	environmental	environmental	ADJ
ajfa-810	411	2	accounting	accounting	NOUN
ajfa-810	411	3	and	and	CCONJ
ajfa-810	411	4	reporting	report	VERB
ajfa-810	411	5	with	with	ADP
ajfa-810	411	6	special	special	ADJ
ajfa-810	411	7	reference	reference	NOUN
ajfa-810	411	8	to	to	ADP
ajfa-810	411	9	india	india	PROPN
ajfa-810	411	10	.	.	PUNCT
ajfa-810	411	11	published	publish	VERB
ajfa-810	411	12	in	in	ADP
ajfa-810	411	13	:	:	PUNCT
ajfa-810	411	14	the	the	DET
ajfa-810	411	15	cost	cost	NOUN
ajfa-810	411	16	and	and	CCONJ
ajfa-810	411	17	management	management	NOUN
ajfa-810	411	18	,	,	PUNCT
ajfa-810	411	19	vol	vol	NOUN
ajfa-810	411	20	.	.	PUNCT
ajfa-810	411	21	vol	vol	NOUN
ajfa-810	411	22	.	.	PROPN
ajfa-810	411	23	35	35	NUM
ajfa-810	412	1	no	no	NOUN
ajfa-810	412	2	.	.	NOUN
ajfa-810	413	1	6	6	NUM
ajfa-810	413	2	,	,	PUNCT
ajfa-810	413	3	no	no	INTJ
ajfa-810	413	4	.	.	PUNCT
ajfa-810	413	5	november	november	PROPN
ajfa-810	413	6	-	-	PUNCT
ajfa-810	413	7	december	december	PROPN
ajfa-810	413	8	2007	2007	NUM
ajfa-810	413	9	(	(	PUNCT
ajfa-810	413	10	18	18	NUM
ajfa-810	413	11	.	.	PUNCT
ajfa-810	414	1	january	january	PROPN
ajfa-810	414	2	2008	2008	NUM
ajfa-810	414	3	):	):	PUNCT
ajfa-810	414	4	pp	pp	ADJ
ajfa-810	414	5	.	.	PUNCT
ajfa-810	415	1	16	16	NUM
ajfa-810	415	2	-	-	SYM
ajfa-810	415	3	28	28	NUM
ajfa-810	415	4	.	.	PUNCT
ajfa-810	416	1	ramzi	ramzi	PROPN
ajfa-810	416	2	benkraiem	benkraiem	PROPN
ajfa-810	416	3	,	,	PUNCT
ajfa-810	416	4	(	(	PUNCT
ajfa-810	416	5	2008	2008	NUM
ajfa-810	416	6	)	)	PUNCT
ajfa-810	416	7	.	.	PUNCT
ajfa-810	417	1	the	the	DET
ajfa-810	417	2	influence	influence	NOUN
ajfa-810	417	3	of	of	ADP
ajfa-810	417	4	institutional	institutional	ADJ
ajfa-810	417	5	investors	investor	NOUN
ajfa-810	417	6	on	on	ADP
ajfa-810	417	7	opportunistic	opportunistic	ADJ
ajfa-810	417	8	earnings	earning	NOUN
ajfa-810	417	9	management	management	NOUN
ajfa-810	417	10	,	,	PUNCT
ajfa-810	417	11	international	international	ADJ
ajfa-810	417	12	journal	journal	NOUN
ajfa-810	417	13	of	of	ADP
ajfa-810	417	14	accounting	accounting	NOUN
ajfa-810	417	15	,	,	PUNCT
ajfa-810	417	16	auditing	auditing	NOUN
ajfa-810	417	17	and	and	CCONJ
ajfa-810	417	18	performance	performance	NOUN
ajfa-810	417	19	evaluation	evaluation	NOUN
ajfa-810	417	20	,	,	PUNCT
ajfa-810	417	21	vol	vol	NOUN
ajfa-810	417	22	.	.	PROPN
ajfa-810	417	23	5	5	NUM
ajfa-810	417	24	,	,	PUNCT
ajfa-810	417	25	no	no	INTJ
ajfa-810	417	26	.	.	NOUN
ajfa-810	417	27	1	1	NUM
ajfa-810	417	28	,	,	PUNCT
ajfa-810	417	29	pp	pp	ADJ
ajfa-810	417	30	.	.	PUNCT
ajfa-810	417	31	89	89	NUM
ajfa-810	417	32	-	-	SYM
ajfa-810	417	33	106	106	NUM
ajfa-810	417	34	.	.	PUNCT
ajfa-810	418	1	http://dx.doi.org/10.1504/ijaape.2008.020195	http://dx.doi.org/10.1504/ijaape.2008.020195	PROPN
ajfa-810	418	2	rashidah	rashidah	PROPN
ajfa-810	418	3	,	,	PUNCT
ajfa-810	418	4	a.r	a.r	PROPN
ajfa-810	418	5	.	.	PROPN
ajfa-810	418	6	&	&	CCONJ
ajfa-810	418	7	fazilah	fazilah	PROPN
ajfa-810	418	8	,	,	PUNCT
ajfa-810	418	9	t.	t.	PROPN
ajfa-810	418	10	(	(	PUNCT
ajfa-810	418	11	2006	2006	NUM
ajfa-810	418	12	)	)	PUNCT
ajfa-810	418	13	.	.	PUNCT
ajfa-810	419	1	the	the	DET
ajfa-810	419	2	effectiveness	effectiveness	NOUN
ajfa-810	419	3	of	of	ADP
ajfa-810	419	4	corporate	corporate	ADJ
ajfa-810	419	5	governance	governance	NOUN
ajfa-810	419	6	mechanisms	mechanism	NOUN
ajfa-810	419	7	on	on	ADP
ajfa-810	419	8	capital	capital	NOUN
ajfa-810	419	9	structure	structure	NOUN
ajfa-810	419	10	decisions	decision	NOUN
ajfa-810	419	11	in	in	ADP
ajfa-810	419	12	malaysia	malaysia	PROPN
ajfa-810	419	13	,	,	PUNCT
ajfa-810	419	14	paper	paper	NOUN
ajfa-810	419	15	presented	present	VERB
ajfa-810	419	16	at	at	ADP
ajfa-810	419	17	the	the	DET
ajfa-810	419	18	world	world	NOUN
ajfa-810	419	19	congress	congress	PROPN
ajfa-810	419	20	of	of	ADP
ajfa-810	419	21	accounting	accounting	NOUN
ajfa-810	419	22	educators	educator	NOUN
ajfa-810	419	23	,	,	PUNCT
ajfa-810	419	24	istanbul	istanbul	PROPN
ajfa-810	419	25	,	,	PUNCT
ajfa-810	419	26	turkey	turkey	PROPN
ajfa-810	419	27	.	.	PUNCT
ajfa-810	420	1	salim	salim	PROPN
ajfa-810	420	2	,	,	PUNCT
ajfa-810	420	3	c.	c.	PROPN
ajfa-810	420	4	(	(	PUNCT
ajfa-810	420	5	2007	2007	NUM
ajfa-810	420	6	)	)	PUNCT
ajfa-810	420	7	.	.	PUNCT
ajfa-810	421	1	block	block	NOUN
ajfa-810	421	2	-	-	PUNCT
ajfa-810	421	3	holder	holder	NOUN
ajfa-810	421	4	ownership	ownership	NOUN
ajfa-810	421	5	,	,	PUNCT
ajfa-810	421	6	family	family	NOUN
ajfa-810	421	7	control	control	NOUN
ajfa-810	421	8	and	and	CCONJ
ajfa-810	421	9	post	post	ADJ
ajfa-810	421	10	-	-	ADJ
ajfa-810	421	11	listing	list	VERB
ajfa-810	421	12	performance	performance	NOUN
ajfa-810	421	13	of	of	ADP
ajfa-810	421	14	french	french	ADJ
ajfa-810	421	15	ipos	ipos	NOUN
ajfa-810	421	16	,	,	PUNCT
ajfa-810	421	17	managerial	managerial	ADJ
ajfa-810	421	18	finance	finance	NOUN
ajfa-810	421	19	,	,	PUNCT
ajfa-810	421	20	vol	vol	NOUN
ajfa-810	421	21	.	.	PUNCT
ajfa-810	422	1	33	33	NUM
ajfa-810	422	2	no.6	no.6	NOUN
ajfa-810	422	3	,	,	PUNCT
ajfa-810	422	4	388	388	NUM
ajfa-810	422	5	-	-	SYM
ajfa-810	422	6	400	400	NUM
ajfa-810	422	7	.	.	PUNCT
ajfa-810	423	1	http://dx.doi.org/10.1108/03074350710748740	http://dx.doi.org/10.1108/03074350710748740	PROPN
ajfa-810	423	2	salleh	salleh	PROPN
ajfa-810	423	3	,	,	PUNCT
ajfa-810	423	4	h.h	h.h	PROPN
ajfa-810	423	5	.	.	PROPN
ajfa-810	423	6	&	&	CCONJ
ajfa-810	423	7	mallin	mallin	PROPN
ajfa-810	423	8	,	,	PUNCT
ajfa-810	423	9	c.	c.	PROPN
ajfa-810	423	10	(	(	PUNCT
ajfa-810	423	11	2002	2002	NUM
ajfa-810	423	12	)	)	PUNCT
ajfa-810	423	13	.	.	PUNCT
ajfa-810	424	1	corporate	corporate	ADJ
ajfa-810	424	2	governance	governance	NOUN
ajfa-810	424	3	in	in	ADP
ajfa-810	424	4	bahrain	bahrain	NOUN
ajfa-810	424	5	,	,	PUNCT
ajfa-810	424	6	corporate	corporate	ADJ
ajfa-810	424	7	governance	governance	NOUN
ajfa-810	424	8	,	,	PUNCT
ajfa-810	424	9	vol	vol	NOUN
ajfa-810	424	10	.	.	PROPN
ajfa-810	425	1	10	10	NUM
ajfa-810	425	2	no.3	no.3	PROPN
ajfa-810	425	3	,	,	PUNCT
ajfa-810	425	4	pp	pp	ADJ
ajfa-810	425	5	.	.	PUNCT
ajfa-810	426	1	197	197	NUM
ajfa-810	426	2	-	-	SYM
ajfa-810	426	3	210	210	NUM
ajfa-810	426	4	.	.	PUNCT
ajfa-810	427	1	http://dx.doi.org/10.1111/1467-8683.00284	http://dx.doi.org/10.1111/1467-8683.00284	PROPN
ajfa-810	427	2	asian	asian	ADJ
ajfa-810	427	3	journal	journal	NOUN
ajfa-810	427	4	of	of	ADP
ajfa-810	427	5	finance	finance	PROPN
ajfa-810	427	6	&	&	CCONJ
ajfa-810	427	7	accounting	accounting	PROPN
ajfa-810	427	8	issn	issn	PROPN
ajfa-810	427	9	1946	1946	NUM
ajfa-810	427	10	-	-	PUNCT
ajfa-810	427	11	052x	052x	NOUN
ajfa-810	427	12	2012	2012	NUM
ajfa-810	427	13	,	,	PUNCT
ajfa-810	427	14	vol	vol	NOUN
ajfa-810	427	15	.	.	PROPN
ajfa-810	427	16	4	4	NUM
ajfa-810	427	17	,	,	PUNCT
ajfa-810	427	18	no	no	INTJ
ajfa-810	427	19	.	.	NOUN
ajfa-810	427	20	1	1	NUM
ajfa-810	427	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-810	427	22	23	23	NUM
ajfa-810	427	23	santema	santema	ADV
ajfa-810	427	24	,	,	PUNCT
ajfa-810	427	25	s.	s.	PROPN
ajfa-810	427	26	,	,	PUNCT
ajfa-810	427	27	hoekert	hoekert	PROPN
ajfa-810	427	28	,	,	PUNCT
ajfa-810	427	29	m.	m.	NOUN
ajfa-810	427	30	,	,	PUNCT
ajfa-810	427	31	rijt	rijt	NOUN
ajfa-810	427	32	,	,	PUNCT
ajfa-810	427	33	j.v.d	j.v.d	PROPN
ajfa-810	427	34	.	.	PROPN
ajfa-810	427	35	&	&	CCONJ
ajfa-810	427	36	oijen	oijen	PROPN
ajfa-810	427	37	,	,	PUNCT
ajfa-810	427	38	a.v	a.v	PROPN
ajfa-810	427	39	.	.	PROPN
ajfa-810	427	40	(	(	PUNCT
ajfa-810	427	41	2005	2005	NUM
ajfa-810	427	42	)	)	PUNCT
ajfa-810	427	43	.	.	PUNCT
ajfa-810	428	1	strategy	strategy	NOUN
ajfa-810	428	2	disclosure	disclosure	NOUN
ajfa-810	428	3	in	in	ADP
ajfa-810	428	4	annual	annual	ADJ
ajfa-810	428	5	reports	report	NOUN
ajfa-810	428	6	across	across	ADP
ajfa-810	428	7	europe	europe	PROPN
ajfa-810	428	8	:	:	PUNCT
ajfa-810	428	9	a	a	DET
ajfa-810	428	10	study	study	NOUN
ajfa-810	428	11	on	on	ADP
ajfa-810	428	12	differences	difference	NOUN
ajfa-810	428	13	between	between	ADP
ajfa-810	428	14	five	five	NUM
ajfa-810	428	15	countries	country	NOUN
ajfa-810	428	16	,	,	PUNCT
ajfa-810	428	17	european	european	PROPN
ajfa-810	428	18	business	business	PROPN
ajfa-810	428	19	review	review	PROPN
ajfa-810	428	20	,	,	PUNCT
ajfa-810	428	21	vol	vol	NOUN
ajfa-810	428	22	17	17	NUM
ajfa-810	428	23	no.4	no.4	PROPN
ajfa-810	428	24	,	,	PUNCT
ajfa-810	428	25	pp	pp	X
ajfa-810	428	26	.	.	PUNCT
ajfa-810	429	1	352	352	NUM
ajfa-810	429	2	-	-	SYM
ajfa-810	429	3	366	366	NUM
ajfa-810	429	4	.	.	PUNCT
ajfa-810	430	1	http://dx.doi.org/10.1108/09555340510607398	http://dx.doi.org/10.1108/09555340510607398	PROPN
ajfa-810	430	2	seifert	seifert	PROPN
ajfa-810	430	3	,	,	PUNCT
ajfa-810	430	4	b.	b.	PROPN
ajfa-810	430	5	,	,	PUNCT
ajfa-810	430	6	gonenc	gonenc	PROPN
ajfa-810	430	7	,	,	PUNCT
ajfa-810	430	8	h.	h.	PROPN
ajfa-810	430	9	&	&	CCONJ
ajfa-810	430	10	wright	wright	PROPN
ajfa-810	430	11	,	,	PUNCT
ajfa-810	430	12	j.	j.	PROPN
ajfa-810	430	13	(	(	PUNCT
ajfa-810	430	14	2005	2005	NUM
ajfa-810	430	15	)	)	PUNCT
ajfa-810	430	16	.	.	PUNCT
ajfa-810	431	1	the	the	DET
ajfa-810	431	2	international	international	ADJ
ajfa-810	431	3	evidence	evidence	NOUN
ajfa-810	431	4	on	on	ADP
ajfa-810	431	5	performance	performance	NOUN
ajfa-810	431	6	and	and	CCONJ
ajfa-810	431	7	equity	equity	NOUN
ajfa-810	431	8	ownership	ownership	NOUN
ajfa-810	431	9	by	by	ADP
ajfa-810	431	10	insiders	insider	NOUN
ajfa-810	431	11	,	,	PUNCT
ajfa-810	431	12	blockholders	blockholder	NOUN
ajfa-810	431	13	,	,	PUNCT
ajfa-810	431	14	and	and	CCONJ
ajfa-810	431	15	institutions	institution	NOUN
ajfa-810	431	16	,	,	PUNCT
ajfa-810	431	17	journal	journal	NOUN
ajfa-810	431	18	of	of	ADP
ajfa-810	431	19	multinational	multinational	ADJ
ajfa-810	431	20	financial	financial	ADJ
ajfa-810	431	21	management	management	NOUN
ajfa-810	431	22	,	,	PUNCT
ajfa-810	431	23	vol	vol	NOUN
ajfa-810	431	24	.	.	PROPN
ajfa-810	431	25	15	15	NUM
ajfa-810	431	26	,	,	PUNCT
ajfa-810	431	27	pp	pp	ADJ
ajfa-810	431	28	.	.	PUNCT
ajfa-810	432	1	171	171	NUM
ajfa-810	432	2	-	-	SYM
ajfa-810	432	3	191	191	NUM
ajfa-810	432	4	.	.	PUNCT
ajfa-810	433	1	http://dx.doi.org/10.1016/j.mulfin.2004.08.003	http://dx.doi.org/10.1016/j.mulfin.2004.08.003	PROPN
ajfa-810	433	2	shamsul	shamsul	PROPN
ajfa-810	433	3	nahar	nahar	PROPN
ajfa-810	433	4	,	,	PUNCT
ajfa-810	433	5	a.	a.	NOUN
ajfa-810	433	6	(	(	PUNCT
ajfa-810	433	7	2004	2004	NUM
ajfa-810	433	8	)	)	PUNCT
ajfa-810	433	9	.	.	PUNCT
ajfa-810	434	1	board	board	NOUN
ajfa-810	434	2	composition	composition	NOUN
ajfa-810	434	3	,	,	PUNCT
ajfa-810	434	4	ceo	ceo	NOUN
ajfa-810	434	5	duality	duality	NOUN
ajfa-810	434	6	and	and	CCONJ
ajfa-810	434	7	performance	performance	NOUN
ajfa-810	434	8	among	among	ADP
ajfa-810	434	9	malaysian	malaysian	ADJ
ajfa-810	434	10	listed	list	VERB
ajfa-810	434	11	companies	company	NOUN
ajfa-810	434	12	,	,	PUNCT
ajfa-810	434	13	corporate	corporate	ADJ
ajfa-810	434	14	governance	governance	NOUN
ajfa-810	434	15	,	,	PUNCT
ajfa-810	434	16	vol	vol	NOUN
ajfa-810	434	17	.	.	PROPN
ajfa-810	434	18	4	4	NUM
ajfa-810	434	19	no	no	NOUN
ajfa-810	434	20	.	.	NOUN
ajfa-810	435	1	4	4	NUM
ajfa-810	435	2	,	,	PUNCT
ajfa-810	435	3	pp	pp	ADJ
ajfa-810	435	4	.	.	PUNCT
ajfa-810	436	1	47	47	NUM
ajfa-810	436	2	-	-	SYM
ajfa-810	436	3	61	61	NUM
ajfa-810	436	4	.	.	PUNCT
ajfa-810	437	1	http://dx.doi.org/10.1108/14720700410558871	http://dx.doi.org/10.1108/14720700410558871	PROPN
ajfa-810	437	2	sharifah	sharifah	PROPN
ajfa-810	437	3	,	,	PUNCT
ajfa-810	437	4	b.	b.	PROPN
ajfa-810	437	5	,	,	PUNCT
ajfa-810	437	6	bakhtiar	bakhtiar	NOUN
ajfa-810	437	7	,	,	PUNCT
ajfa-810	437	8	a.	a.	NOUN
ajfa-810	437	9	,	,	PUNCT
ajfa-810	437	10	nor	nor	CCONJ
ajfa-810	437	11	hashimah	hashimah	PROPN
ajfa-810	437	12	,	,	PUNCT
ajfa-810	437	13	j.	j.	PROPN
ajfa-810	437	14	,	,	PUNCT
ajfa-810	437	15	noraida	noraida	PROPN
ajfa-810	437	16	,	,	PUNCT
ajfa-810	437	17	ar	ar	PROPN
ajfa-810	437	18	.	.	PROPN
ajfa-810	437	19	(	(	PUNCT
ajfa-810	437	20	2008	2008	NUM
ajfa-810	437	21	)	)	PUNCT
ajfa-810	437	22	.	.	PUNCT
ajfa-810	438	1	an	an	DET
ajfa-810	438	2	investigation	investigation	NOUN
ajfa-810	438	3	of	of	ADP
ajfa-810	438	4	the	the	DET
ajfa-810	438	5	association	association	NOUN
ajfa-810	438	6	between	between	ADP
ajfa-810	438	7	corporate	corporate	ADJ
ajfa-810	438	8	governance	governance	NOUN
ajfa-810	438	9	and	and	CCONJ
ajfa-810	438	10	environmental	environmental	ADJ
ajfa-810	438	11	reporting	reporting	NOUN
ajfa-810	438	12	in	in	ADP
ajfa-810	438	13	malaysia	malaysia	PROPN
ajfa-810	438	14	,	,	PUNCT
ajfa-810	438	15	asian	asian	ADJ
ajfa-810	438	16	journal	journal	NOUN
ajfa-810	438	17	of	of	ADP
ajfa-810	438	18	business	business	NOUN
ajfa-810	438	19	and	and	CCONJ
ajfa-810	438	20	accounting	accounting	NOUN
ajfa-810	438	21	,	,	PUNCT
ajfa-810	438	22	vol.1	vol.1	PROPN
ajfa-810	438	23	no.2	no.2	PROPN
ajfa-810	438	24	,	,	PUNCT
ajfa-810	438	25	pp	pp	ADV
ajfa-810	438	26	65	65	NUM
ajfa-810	438	27	-	-	SYM
ajfa-810	438	28	88	88	NUM
ajfa-810	438	29	.	.	PUNCT
ajfa-810	439	1	talha	talha	NOUN
ajfa-810	439	2	,	,	PUNCT
ajfa-810	439	3	m.	m.	NOUN
ajfa-810	439	4	,	,	PUNCT
ajfa-810	439	5	sallehhuddin	sallehhuddin	NOUN
ajfa-810	439	6	,	,	PUNCT
ajfa-810	439	7	a.	a.	NOUN
ajfa-810	439	8	,	,	PUNCT
ajfa-810	439	9	&	&	CCONJ
ajfa-810	439	10	mohammad	mohammad	PROPN
ajfa-810	439	11	,	,	PUNCT
ajfa-810	439	12	j.	j.	PROPN
ajfa-810	439	13	(	(	PUNCT
ajfa-810	439	14	2006	2006	NUM
ajfa-810	439	15	)	)	PUNCT
ajfa-810	439	16	.	.	PUNCT
ajfa-810	440	1	changing	change	VERB
ajfa-810	440	2	pattern	pattern	NOUN
ajfa-810	440	3	of	of	ADP
ajfa-810	440	4	competitive	competitive	ADJ
ajfa-810	440	5	disadvantage	disadvantage	NOUN
ajfa-810	440	6	from	from	ADP
ajfa-810	440	7	disclosing	disclose	VERB
ajfa-810	440	8	financial	financial	ADJ
ajfa-810	440	9	information	information	NOUN
ajfa-810	440	10	,	,	PUNCT
ajfa-810	440	11	managerial	managerial	ADJ
ajfa-810	440	12	auditing	auditing	NOUN
ajfa-810	440	13	journal	journal	NOUN
ajfa-810	440	14	,	,	PUNCT
ajfa-810	440	15	vol.21	vol.21	PROPN
ajfa-810	440	16	no.3	no.3	PROPN
ajfa-810	440	17	,	,	PUNCT
ajfa-810	440	18	pp	pp	X
ajfa-810	440	19	.	.	PUNCT
ajfa-810	441	1	265	265	NUM
ajfa-810	441	2	-	-	SYM
ajfa-810	441	3	274	274	NUM
ajfa-810	441	4	.	.	PUNCT
ajfa-810	441	5	http://dx.doi.org/10.1108/02686900610653008	http://dx.doi.org/10.1108/02686900610653008	PROPN
ajfa-810	441	6	united	united	PROPN
ajfa-810	441	7	nations	nations	PROPN
ajfa-810	441	8	.	.	PUNCT
ajfa-810	442	1	(	(	PUNCT
ajfa-810	442	2	2003	2003	NUM
ajfa-810	442	3	)	)	PUNCT
ajfa-810	442	4	.	.	PUNCT
ajfa-810	443	1	selected	select	VERB
ajfa-810	443	2	issues	issue	NOUN
ajfa-810	443	3	in	in	ADP
ajfa-810	443	4	corporate	corporate	ADJ
ajfa-810	443	5	governance	governance	NOUN
ajfa-810	443	6	:	:	PUNCT
ajfa-810	443	7	regional	regional	ADJ
ajfa-810	443	8	and	and	CCONJ
ajfa-810	443	9	country	country	NOUN
ajfa-810	443	10	experience	experience	NOUN
ajfa-810	443	11	,	,	PUNCT
ajfa-810	443	12	paper	paper	NOUN
ajfa-810	443	13	presented	present	VERB
ajfa-810	443	14	at	at	ADP
ajfa-810	443	15	united	united	PROPN
ajfa-810	443	16	nations	nations	PROPN
ajfa-810	443	17	conference	conference	PROPN
ajfa-810	443	18	on	on	ADP
ajfa-810	443	19	trade	trade	NOUN
ajfa-810	443	20	and	and	CCONJ
ajfa-810	443	21	development	development	NOUN
ajfa-810	443	22	,	,	PUNCT
ajfa-810	443	23	available	available	ADJ
ajfa-810	443	24	at	at	ADP
ajfa-810	443	25	:	:	PUNCT
ajfa-810	443	26	http://www.unctad.org/en/docs/iteteb20033_en.pdf	http://www.unctad.org/en/docs/iteteb20033_en.pdf	X
ajfa-810	443	27	(	(	PUNCT
ajfa-810	443	28	accessed	access	VERB
ajfa-810	443	29	30	30	NUM
ajfa-810	443	30	april	april	PROPN
ajfa-810	443	31	2008	2008	NUM
ajfa-810	443	32	)	)	PUNCT
ajfa-810	443	33	.	.	PUNCT
ajfa-810	444	1	uwalomwa	uwalomwa	PROPN
ajfa-810	444	2	,	,	PUNCT
ajfa-810	444	3	u.	u.	PROPN
ajfa-810	444	4	&	&	CCONJ
ajfa-810	444	5	uadiale	uadiale	PROPN
ajfa-810	444	6	,	,	PUNCT
ajfa-810	444	7	o.m	o.m	PROPN
ajfa-810	444	8	.	.	PUNCT
ajfa-810	444	9	(	(	PUNCT
ajfa-810	444	10	2011	2011	NUM
ajfa-810	444	11	)	)	PUNCT
ajfa-810	444	12	.	.	PUNCT
ajfa-810	445	1	corporate	corporate	ADJ
ajfa-810	445	2	social	social	ADJ
ajfa-810	445	3	and	and	CCONJ
ajfa-810	445	4	environmental	environmental	ADJ
ajfa-810	445	5	disclosure	disclosure	NOUN
ajfa-810	445	6	in	in	ADP
ajfa-810	445	7	nigeria	nigeria	PROPN
ajfa-810	445	8	:	:	PUNCT
ajfa-810	445	9	a	a	DET
ajfa-810	445	10	comparative	comparative	ADJ
ajfa-810	445	11	study	study	NOUN
ajfa-810	445	12	of	of	ADP
ajfa-810	445	13	the	the	DET
ajfa-810	445	14	building	building	NOUN
ajfa-810	445	15	material	material	NOUN
ajfa-810	445	16	and	and	CCONJ
ajfa-810	445	17	brewery	brewery	NOUN
ajfa-810	445	18	industry	industry	NOUN
ajfa-810	445	19	,	,	PUNCT
ajfa-810	445	20	international	international	ADJ
ajfa-810	445	21	journal	journal	NOUN
ajfa-810	445	22	of	of	ADP
ajfa-810	445	23	business	business	NOUN
ajfa-810	445	24	and	and	CCONJ
ajfa-810	445	25	management	management	NOUN
ajfa-810	445	26	,	,	PUNCT
ajfa-810	445	27	vol	vol	NOUN
ajfa-810	445	28	.	.	PROPN
ajfa-810	446	1	6	6	NUM
ajfa-810	446	2	no	no	NOUN
ajfa-810	446	3	.	.	NOUN
ajfa-810	447	1	2	2	NUM
ajfa-810	447	2	.	.	X
ajfa-810	447	3	williams	williams	PROPN
ajfa-810	447	4	,	,	PUNCT
ajfa-810	447	5	d.r	d.r	PROPN
ajfa-810	447	6	.	.	PROPN
ajfa-810	447	7	,	,	PUNCT
ajfa-810	447	8	duncan	duncan	PROPN
ajfa-810	447	9	,	,	PUNCT
ajfa-810	447	10	w.j	w.j	PROPN
ajfa-810	447	11	.	.	PROPN
ajfa-810	447	12	,	,	PUNCT
ajfa-810	447	13	ginter	ginter	PROPN
ajfa-810	447	14	,	,	PUNCT
ajfa-810	447	15	p.m.	p.m.	PROPN
ajfa-810	447	16	&	&	CCONJ
ajfa-810	447	17	shewchuk	shewchuk	PROPN
ajfa-810	447	18	,	,	PUNCT
ajfa-810	447	19	r.m	r.m	PROPN
ajfa-810	447	20	.	.	PROPN
ajfa-810	447	21	(	(	PUNCT
ajfa-810	447	22	2006	2006	NUM
ajfa-810	447	23	)	)	PUNCT
ajfa-810	447	24	.	.	PUNCT
ajfa-810	448	1	do	do	AUX
ajfa-810	448	2	governance	governance	NOUN
ajfa-810	448	3	,	,	PUNCT
ajfa-810	448	4	equity	equity	NOUN
ajfa-810	448	5	characteristics	characteristic	NOUN
ajfa-810	448	6	,	,	PUNCT
ajfa-810	448	7	and	and	CCONJ
ajfa-810	448	8	venture	venture	NOUN
ajfa-810	448	9	capital	capital	NOUN
ajfa-810	448	10	involvement	involvement	NOUN
ajfa-810	448	11	affect	affect	VERB
ajfa-810	448	12	long	long	ADJ
ajfa-810	448	13	-	-	PUNCT
ajfa-810	448	14	term	term	NOUN
ajfa-810	448	15	wealth	wealth	NOUN
ajfa-810	448	16	creation	creation	NOUN
ajfa-810	448	17	in	in	ADP
ajfa-810	448	18	us	us	PROPN
ajfa-810	448	19	health	health	NOUN
ajfa-810	448	20	care	care	NOUN
ajfa-810	448	21	and	and	CCONJ
ajfa-810	448	22	biotechnology	biotechnology	NOUN
ajfa-810	448	23	ipos	ipos	NOUN
ajfa-810	448	24	?	?	PUNCT
ajfa-810	448	25	,	,	PUNCT
ajfa-810	448	26	journal	journal	NOUN
ajfa-810	448	27	of	of	ADP
ajfa-810	448	28	health	health	PROPN
ajfa-810	448	29	care	care	NOUN
ajfa-810	448	30	finance	finance	NOUN
ajfa-810	448	31	,	,	PUNCT
ajfa-810	448	32	vol.33	vol.33	VERB
ajfa-810	448	33	no	no	NOUN
ajfa-810	448	34	.	.	NOUN
ajfa-810	448	35	1	1	NUM
ajfa-810	448	36	,	,	PUNCT
ajfa-810	448	37	pp	pp	ADJ
ajfa-810	448	38	.	.	PUNCT
ajfa-810	449	1	54	54	NUM
ajfa-810	449	2	-	-	SYM
ajfa-810	449	3	71	71	NUM
ajfa-810	449	4	.	.	PUNCT
ajfa-810	450	1	wong	wong	PROPN
ajfa-810	450	2	,	,	PUNCT
ajfa-810	450	3	c.	c.	PROPN
ajfa-810	450	4	(	(	PUNCT
ajfa-810	450	5	2005	2005	NUM
ajfa-810	450	6	,	,	PUNCT
ajfa-810	450	7	february	february	PROPN
ajfa-810	450	8	)	)	PUNCT
ajfa-810	450	9	.	.	PUNCT
ajfa-810	451	1	the	the	DET
ajfa-810	451	2	rating	rating	NOUN
ajfa-810	451	3	agency	agency	NOUN
ajfa-810	451	4	perspective	perspective	NOUN
ajfa-810	451	5	on	on	ADP
ajfa-810	451	6	corporate	corporate	ADJ
ajfa-810	451	7	governance	governance	NOUN
ajfa-810	451	8	.	.	PUNCT
ajfa-810	452	1	paper	paper	NOUN
ajfa-810	452	2	presented	present	VERB
ajfa-810	452	3	at	at	ADP
ajfa-810	452	4	asia	asia	PROPN
ajfa-810	452	5	corporate	corporate	ADJ
ajfa-810	452	6	governance	governance	NOUN
ajfa-810	452	7	conference	conference	NOUN
ajfa-810	452	8	2005	2005	NUM
ajfa-810	452	9	:	:	PUNCT
ajfa-810	452	10	managing	manage	VERB
ajfa-810	452	11	corporate	corporate	ADJ
ajfa-810	452	12	responsibility	responsibility	NOUN
ajfa-810	452	13	and	and	CCONJ
ajfa-810	452	14	crisis	crisis	NOUN
ajfa-810	452	15	through	through	ADP
ajfa-810	452	16	fairness	fairness	NOUN
ajfa-810	452	17	,	,	PUNCT
ajfa-810	452	18	transparency	transparency	NOUN
ajfa-810	452	19	and	and	CCONJ
ajfa-810	452	20	accountability	accountability	NOUN
ajfa-810	452	21	,	,	PUNCT
ajfa-810	452	22	kuala	kuala	PROPN
ajfa-810	452	23	lumpur	lumpur	PROPN
ajfa-810	452	24	,	,	PUNCT
ajfa-810	452	25	malaysia	malaysia	PROPN
ajfa-810	452	26	.	.	PUNCT
ajfa-810	452	27	yatim	yatim	PROPN
ajfa-810	452	28	,	,	PUNCT
ajfa-810	452	29	kent	kent	PROPN
ajfa-810	452	30	,	,	PUNCT
ajfa-810	452	31	p.	p.	PROPN
ajfa-810	452	32	&	&	CCONJ
ajfa-810	452	33	clarkson	clarkson	PROPN
ajfa-810	452	34	,	,	PUNCT
ajfa-810	452	35	p.	p.	NOUN
ajfa-810	452	36	(	(	PUNCT
ajfa-810	452	37	2006	2006	NUM
ajfa-810	452	38	)	)	PUNCT
ajfa-810	452	39	.	.	PUNCT
ajfa-810	453	1	governance	governance	NOUN
ajfa-810	453	2	structures	structure	NOUN
ajfa-810	453	3	,	,	PUNCT
ajfa-810	453	4	ethnicity	ethnicity	NOUN
ajfa-810	453	5	and	and	CCONJ
ajfa-810	453	6	audit	audit	NOUN
ajfa-810	453	7	fees	fee	NOUN
ajfa-810	453	8	of	of	ADP
ajfa-810	453	9	malaysian	malaysian	ADJ
ajfa-810	453	10	listed	list	VERB
ajfa-810	453	11	firms	firm	NOUN
ajfa-810	453	12	.	.	PUNCT
ajfa-810	454	1	managerial	managerial	ADJ
ajfa-810	454	2	auditing	auditing	NOUN
ajfa-810	454	3	journal	journal	NOUN
ajfa-810	454	4	,	,	PUNCT
ajfa-810	454	5	21	21	NUM
ajfa-810	454	6	(	(	PUNCT
ajfa-810	454	7	7	7	NUM
ajfa-810	454	8	)	)	PUNCT
ajfa-810	454	9	,	,	PUNCT
ajfa-810	454	10	757	757	PROPN
ajfa-810	454	11	-	-	SYM
ajfa-810	454	12	782	782	NUM
ajfa-810	454	13	.	.	PUNCT
ajfa-810	455	1	http://dx.doi.org/10.1108/02686900610680530	http://dx.doi.org/10.1108/02686900610680530	PROPN
ajfa-810	455	2	yoshikawa	yoshikawa	PROPN
ajfa-810	455	3	,	,	PUNCT
ajfa-810	455	4	t.	t.	PROPN
ajfa-810	455	5	&	&	CCONJ
ajfa-810	455	6	phan	phan	PROPN
ajfa-810	455	7	,	,	PUNCT
ajfa-810	455	8	p.h	p.h	PROPN
ajfa-810	455	9	.	.	PROPN
ajfa-810	455	10	(	(	PUNCT
ajfa-810	455	11	2003	2003	NUM
ajfa-810	455	12	)	)	PUNCT
ajfa-810	455	13	.	.	PUNCT
ajfa-810	456	1	the	the	DET
ajfa-810	456	2	performance	performance	NOUN
ajfa-810	456	3	implications	implication	NOUN
ajfa-810	456	4	of	of	ADP
ajfa-810	456	5	ownership	ownership	NOUN
ajfa-810	456	6	-	-	PUNCT
ajfa-810	456	7	driven	drive	VERB
ajfa-810	456	8	governance	governance	NOUN
ajfa-810	456	9	reform	reform	NOUN
ajfa-810	456	10	,	,	PUNCT
ajfa-810	456	11	european	european	ADJ
ajfa-810	456	12	management	management	NOUN
ajfa-810	456	13	journal	journal	PROPN
ajfa-810	456	14	,	,	PUNCT
ajfa-810	456	15	vol	vol	NOUN
ajfa-810	456	16	.	.	PROPN
ajfa-810	456	17	21	21	NUM
ajfa-810	456	18	no.6	no.6	NOUN
ajfa-810	456	19	,	,	PUNCT
ajfa-810	456	20	pp	pp	ADJ
ajfa-810	456	21	.	.	PUNCT
ajfa-810	457	1	698	698	NUM
ajfa-810	457	2	-	-	SYM
ajfa-810	457	3	706	706	NUM
ajfa-810	457	4	.	.	PUNCT
ajfa-810	458	1	http://dx.doi.org/10.1016/j.emj.2003.09.013	http://dx.doi.org/10.1016/j.emj.2003.09.013	PROPN
ajfa-810	458	2	zulkarnain	zulkarnain	PROPN
ajfa-810	458	3	,	,	PUNCT
ajfa-810	458	4	m.s	m.s	PROPN
ajfa-810	458	5	.	.	PROPN
ajfa-810	458	6	(	(	PUNCT
ajfa-810	458	7	2007	2007	NUM
ajfa-810	458	8	,	,	PUNCT
ajfa-810	458	9	february	february	PROPN
ajfa-810	458	10	)	)	PUNCT
ajfa-810	458	11	.	.	PUNCT
ajfa-810	459	1	towards	towards	ADP
ajfa-810	459	2	better	well	ADJ
ajfa-810	459	3	corporate	corporate	ADJ
ajfa-810	459	4	governance	governance	NOUN
ajfa-810	459	5	and	and	CCONJ
ajfa-810	459	6	transparency	transparency	NOUN
ajfa-810	459	7	,	,	PUNCT
ajfa-810	459	8	paper	paper	NOUN
ajfa-810	459	9	presented	present	VERB
ajfa-810	459	10	at	at	ADP
ajfa-810	459	11	conference	conference	NOUN
ajfa-810	459	12	on	on	ADP
ajfa-810	459	13	managing	manage	VERB
ajfa-810	459	14	knowledge	knowledge	NOUN
ajfa-810	459	15	in	in	ADP
ajfa-810	459	16	the	the	DET
ajfa-810	459	17	borderless	borderless	ADJ
ajfa-810	459	18	world	world	NOUN
ajfa-810	459	19	,	,	PUNCT
ajfa-810	459	20	selangor	selangor	PROPN
ajfa-810	459	21	,	,	PUNCT
ajfa-810	459	22	malaysia	malaysia	PROPN
ajfa-810	459	23	.	.	PUNCT
ajfa-810	460	1	asian	asian	PROPN
ajfa-810	460	2	journal	journal	PROPN
ajfa-810	460	3	of	of	ADP
ajfa-810	460	4	finance	finance	PROPN
ajfa-810	460	5	&	&	CCONJ
ajfa-810	460	6	accounting	accounting	PROPN
ajfa-810	460	7	issn	issn	PROPN
ajfa-810	460	8	1946	1946	NUM
ajfa-810	460	9	-	-	PUNCT
ajfa-810	460	10	052x	052x	NOUN
ajfa-810	460	11	2012	2012	NUM
ajfa-810	460	12	,	,	PUNCT
ajfa-810	460	13	vol	vol	NOUN
ajfa-810	460	14	.	.	PROPN
ajfa-810	460	15	4	4	NUM
ajfa-810	460	16	,	,	PUNCT
ajfa-810	460	17	no	no	INTJ
ajfa-810	460	18	.	.	NOUN
ajfa-810	460	19	1	1	NUM
ajfa-810	460	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-810	460	21	24	24	NUM
ajfa-810	460	22	appendix	appendix	NOUN
ajfa-810	460	23	social	social	ADJ
ajfa-810	460	24	and	and	CCONJ
ajfa-810	460	25	environmental	environmental	ADJ
ajfa-810	460	26	disclosure	disclosure	NOUN
ajfa-810	460	27	items	item	NOUN
ajfa-810	460	28	in	in	ADP
ajfa-810	460	29	the	the	DET
ajfa-810	460	30	annual	annual	ADJ
ajfa-810	460	31	reports	report	NOUN
ajfa-810	460	32	please	please	INTJ
ajfa-810	460	33	give	give	VERB
ajfa-810	460	34	your	your	PRON
ajfa-810	460	35	opinion	opinion	NOUN
ajfa-810	460	36	on	on	ADP
ajfa-810	460	37	how	how	SCONJ
ajfa-810	460	38	important	important	ADJ
ajfa-810	460	39	you	you	PRON
ajfa-810	460	40	think	think	VERB
ajfa-810	460	41	the	the	DET
ajfa-810	460	42	following	follow	VERB
ajfa-810	460	43	items	item	NOUN
ajfa-810	460	44	in	in	ADP
ajfa-810	460	45	the	the	DET
ajfa-810	460	46	annual	annual	ADJ
ajfa-810	460	47	report	report	NOUN
ajfa-810	460	48	are	be	AUX
ajfa-810	460	49	by	by	ADP
ajfa-810	460	50	circling	circle	VERB
ajfa-810	460	51	or	or	CCONJ
ajfa-810	460	52	crossing	cross	VERB
ajfa-810	460	53	the	the	DET
ajfa-810	460	54	appropriate	appropriate	ADJ
ajfa-810	460	55	number	number	NOUN
ajfa-810	460	56	.	.	PUNCT
ajfa-810	461	1	the	the	DET
ajfa-810	461	2	objective	objective	NOUN
ajfa-810	461	3	is	be	AUX
ajfa-810	461	4	to	to	PART
ajfa-810	461	5	obtain	obtain	VERB
ajfa-810	461	6	your	your	PRON
ajfa-810	461	7	opinion	opinion	NOUN
ajfa-810	461	8	on	on	ADP
ajfa-810	461	9	the	the	DET
ajfa-810	461	10	importance	importance	NOUN
ajfa-810	461	11	of	of	ADP
ajfa-810	461	12	these	these	DET
ajfa-810	461	13	items	item	NOUN
ajfa-810	461	14	in	in	ADP
ajfa-810	461	15	general	general	ADJ
ajfa-810	461	16	,	,	PUNCT
ajfa-810	461	17	as	as	SCONJ
ajfa-810	461	18	some	some	PRON
ajfa-810	461	19	of	of	ADP
ajfa-810	461	20	the	the	DET
ajfa-810	461	21	following	follow	VERB
ajfa-810	461	22	items	item	NOUN
ajfa-810	461	23	may	may	AUX
ajfa-810	461	24	not	not	PART
ajfa-810	461	25	be	be	AUX
ajfa-810	461	26	appropriate	appropriate	ADJ
ajfa-810	461	27	to	to	ADP
ajfa-810	461	28	your	your	PRON
ajfa-810	461	29	company	company	NOUN
ajfa-810	461	30	or	or	CCONJ
ajfa-810	461	31	organization	organization	NOUN
ajfa-810	461	32	specifically	specifically	ADV
ajfa-810	461	33	.	.	PUNCT
ajfa-810	462	1	no	no	INTJ
ajfa-810	462	2	.	.	PUNCT
ajfa-810	463	1	description	description	NOUN
ajfa-810	463	2	1	1	NUM
ajfa-810	463	3	employees	employee	NOUN
ajfa-810	463	4	’	’	PART
ajfa-810	463	5	general	general	ADJ
ajfa-810	463	6	information	information	NOUN
ajfa-810	463	7	qualitative	qualitative	ADJ
ajfa-810	463	8	information	information	NOUN
ajfa-810	463	9	,	,	PUNCT
ajfa-810	463	10	e.g.	e.g.	ADV
ajfa-810	463	11	share	share	NOUN
ajfa-810	463	12	-	-	PUNCT
ajfa-810	463	13	option	option	NOUN
ajfa-810	463	14	policy	policy	NOUN
ajfa-810	463	15	quantitative	quantitative	ADJ
ajfa-810	463	16	information	information	NOUN
ajfa-810	463	17	,	,	PUNCT
ajfa-810	463	18	e.g.	e.g.	ADV
ajfa-810	463	19	amount	amount	NOUN
ajfa-810	463	20	spent	spend	VERB
ajfa-810	463	21	on	on	ADP
ajfa-810	463	22	training	training	NOUN
ajfa-810	463	23	1	1	NUM
ajfa-810	463	24	1	1	NUM
ajfa-810	463	25	2	2	NUM
ajfa-810	463	26	2	2	NUM
ajfa-810	463	27	3	3	NUM
ajfa-810	463	28	3	3	NUM
ajfa-810	463	29	4	4	NUM
ajfa-810	463	30	4	4	NUM
ajfa-810	463	31	5	5	NUM
ajfa-810	463	32	5	5	NUM
ajfa-810	463	33	2	2	NUM
ajfa-810	463	34	community	community	NOUN
ajfa-810	463	35	service	service	NOUN
ajfa-810	463	36	qualitative	qualitative	ADJ
ajfa-810	463	37	information	information	NOUN
ajfa-810	463	38	,	,	PUNCT
ajfa-810	463	39	e.g.	e.g.	ADV
ajfa-810	463	40	community	community	NOUN
ajfa-810	463	41	program	program	NOUN
ajfa-810	463	42	quantitative	quantitative	ADJ
ajfa-810	463	43	information	information	NOUN
ajfa-810	463	44	,	,	PUNCT
ajfa-810	463	45	e.g.	e.g.	ADV
ajfa-810	463	46	charitable	charitable	ADJ
ajfa-810	463	47	donation	donation	NOUN
ajfa-810	463	48	1	1	NUM
ajfa-810	463	49	1	1	NUM
ajfa-810	463	50	2	2	NUM
ajfa-810	463	51	2	2	NUM
ajfa-810	463	52	3	3	NUM
ajfa-810	463	53	3	3	NUM
ajfa-810	463	54	4	4	NUM
ajfa-810	463	55	4	4	NUM
ajfa-810	463	56	5	5	NUM
ajfa-810	463	57	5	5	NUM
ajfa-810	463	58	3	3	NUM
ajfa-810	463	59	environmental	environmental	ADJ
ajfa-810	463	60	disclosure	disclosure	NOUN
ajfa-810	463	61	qualitative	qualitative	ADJ
ajfa-810	463	62	information	information	NOUN
ajfa-810	463	63	,	,	PUNCT
ajfa-810	463	64	e.g.	e.g.	ADV
ajfa-810	463	65	environmental	environmental	ADJ
ajfa-810	463	66	protection	protection	NOUN
ajfa-810	463	67	policy	policy	NOUN
ajfa-810	463	68	quantitative	quantitative	ADJ
ajfa-810	463	69	information	information	NOUN
ajfa-810	463	70	,	,	PUNCT
ajfa-810	463	71	e.g.	e.g.	ADV
ajfa-810	463	72	effect	effect	NOUN
ajfa-810	463	73	on	on	ADP
ajfa-810	463	74	environment	environment	NOUN
ajfa-810	463	75	1	1	NUM
ajfa-810	463	76	1	1	NUM
ajfa-810	463	77	2	2	NUM
ajfa-810	463	78	2	2	NUM
ajfa-810	463	79	3	3	NUM
ajfa-810	463	80	3	3	NUM
ajfa-810	463	81	4	4	NUM
ajfa-810	463	82	4	4	NUM
ajfa-810	463	83	5	5	NUM
ajfa-810	463	84	5	5	NUM