id	sid	tid	token	lemma	pos
ajfa-835	1	1	microsoft	microsoft	PROPN
ajfa-835	1	2	word	word	PROPN
ajfa-835	1	3	comovement	comovement	VERB
ajfa-835	1	4	latest	late	ADJ
ajfa-835	1	5	journal	journal	NOUN
ajfa-835	1	6	edited	edit	VERB
ajfa-835	1	7	-	-	PUNCT
ajfa-835	1	8	new	new	ADJ
ajfa-835	1	9	asian	asian	ADJ
ajfa-835	1	10	journal	journal	NOUN
ajfa-835	1	11	of	of	ADP
ajfa-835	1	12	finance	finance	PROPN
ajfa-835	1	13	&	&	CCONJ
ajfa-835	1	14	accounting	accounting	PROPN
ajfa-835	1	15	issn	issn	PROPN
ajfa-835	1	16	1946	1946	NUM
ajfa-835	1	17	-	-	PUNCT
ajfa-835	1	18	052x	052x	NOUN
ajfa-835	1	19	2011	2011	NUM
ajfa-835	1	20	,	,	PUNCT
ajfa-835	1	21	vol	vol	NOUN
ajfa-835	1	22	.	.	PROPN
ajfa-835	2	1	3	3	NUM
ajfa-835	2	2	,	,	PUNCT
ajfa-835	2	3	no	no	INTJ
ajfa-835	2	4	.	.	NOUN
ajfa-835	2	5	1	1	NUM
ajfa-835	2	6	:	:	PUNCT
ajfa-835	2	7	e12	e12	NOUN
ajfa-835	2	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	2	9	185	185	NUM
ajfa-835	2	10	co	co	NOUN
ajfa-835	2	11	-	-	NOUN
ajfa-835	2	12	movement	movement	NOUN
ajfa-835	2	13	and	and	CCONJ
ajfa-835	2	14	index	index	NOUN
ajfa-835	2	15	changes	change	VERB
ajfa-835	2	16	evidence	evidence	NOUN
ajfa-835	2	17	from	from	ADP
ajfa-835	2	18	the	the	DET
ajfa-835	2	19	emerging	emerge	VERB
ajfa-835	2	20	indian	indian	ADJ
ajfa-835	2	21	stock	stock	NOUN
ajfa-835	2	22	market	market	NOUN
ajfa-835	2	23	srikanth	srikanth	PROPN
ajfa-835	2	24	parthasarathy	parthasarathy	PROPN
ajfa-835	2	25	assistant	assistant	NOUN
ajfa-835	2	26	professor	professor	NOUN
ajfa-835	2	27	bharathidasan	bharathidasan	PROPN
ajfa-835	2	28	institute	institute	PROPN
ajfa-835	2	29	of	of	ADP
ajfa-835	2	30	management	management	PROPN
ajfa-835	2	31	tiruchirappalli	tiruchirappalli	PROPN
ajfa-835	2	32	620014	620014	NUM
ajfa-835	2	33	,	,	PUNCT
ajfa-835	2	34	india	india	PROPN
ajfa-835	2	35	tel	tel	PROPN
ajfa-835	2	36	:	:	PUNCT
ajfa-835	2	37	91	91	NUM
ajfa-835	2	38	-	-	PUNCT
ajfa-835	2	39	909	909	NUM
ajfa-835	2	40	-	-	PUNCT
ajfa-835	2	41	413	413	NUM
ajfa-835	2	42	-	-	PUNCT
ajfa-835	2	43	5843	5843	NUM
ajfa-835	2	44	e	e	NOUN
ajfa-835	2	45	-	-	NOUN
ajfa-835	2	46	mail	mail	NOUN
ajfa-835	2	47	:	:	PUNCT
ajfa-835	2	48	psrikanth2011@gmail.com	psrikanth2011@gmail.com	X
ajfa-835	2	49	received	receive	VERB
ajfa-835	2	50	:	:	PUNCT
ajfa-835	2	51	august	august	PROPN
ajfa-835	2	52	17	17	NUM
ajfa-835	2	53	,	,	PUNCT
ajfa-835	2	54	2011	2011	NUM
ajfa-835	2	55	accepted	accept	VERB
ajfa-835	2	56	:	:	PUNCT
ajfa-835	2	57	december	december	PROPN
ajfa-835	2	58	8	8	NUM
ajfa-835	2	59	,	,	PUNCT
ajfa-835	2	60	2011	2011	NUM
ajfa-835	2	61	published	publish	VERB
ajfa-835	2	62	:	:	PUNCT
ajfa-835	2	63	december	december	PROPN
ajfa-835	2	64	1	1	NUM
ajfa-835	2	65	,	,	PUNCT
ajfa-835	2	66	2011	2011	NUM
ajfa-835	2	67	doi:10.5296	doi:10.5296	NOUN
ajfa-835	2	68	/	/	SYM
ajfa-835	2	69	ajfa.v3i1.835	ajfa.v3i1.835	PROPN
ajfa-835	2	70	url	url	NOUN
ajfa-835	2	71	:	:	PUNCT
ajfa-835	2	72	http://dx.doi.org/10.5296/ajfa.v3i1.835	http://dx.doi.org/10.5296/ajfa.v3i1.835	NOUN
ajfa-835	2	73	abstract	abstract	NOUN
ajfa-835	2	74	this	this	DET
ajfa-835	2	75	study	study	NOUN
ajfa-835	2	76	investigates	investigate	VERB
ajfa-835	2	77	the	the	DET
ajfa-835	2	78	return	return	NOUN
ajfa-835	2	79	co	co	NOUN
ajfa-835	2	80	-	-	NOUN
ajfa-835	2	81	movement	movement	NOUN
ajfa-835	2	82	around	around	ADP
ajfa-835	2	83	the	the	DET
ajfa-835	2	84	benchmark	benchmark	ADJ
ajfa-835	2	85	nifty	nifty	ADJ
ajfa-835	2	86	index	index	NOUN
ajfa-835	2	87	changes	change	NOUN
ajfa-835	2	88	for	for	ADP
ajfa-835	2	89	the	the	DET
ajfa-835	2	90	period	period	NOUN
ajfa-835	2	91	1999	1999	NUM
ajfa-835	2	92	-	-	SYM
ajfa-835	2	93	2010	2010	NUM
ajfa-835	2	94	in	in	ADP
ajfa-835	2	95	the	the	DET
ajfa-835	2	96	indian	indian	ADJ
ajfa-835	2	97	stock	stock	NOUN
ajfa-835	2	98	market	market	NOUN
ajfa-835	2	99	.	.	PUNCT
ajfa-835	3	1	we	we	PRON
ajfa-835	3	2	find	find	VERB
ajfa-835	3	3	evidence	evidence	NOUN
ajfa-835	3	4	of	of	ADP
ajfa-835	3	5	significant	significant	ADJ
ajfa-835	3	6	increase	increase	NOUN
ajfa-835	3	7	in	in	ADP
ajfa-835	3	8	co	co	NOUN
ajfa-835	3	9	-	-	NOUN
ajfa-835	3	10	movement	movement	NOUN
ajfa-835	3	11	between	between	ADP
ajfa-835	3	12	the	the	DET
ajfa-835	3	13	added	add	VERB
ajfa-835	3	14	stocks	stock	NOUN
ajfa-835	3	15	and	and	CCONJ
ajfa-835	3	16	the	the	DET
ajfa-835	3	17	nifty	nifty	ADJ
ajfa-835	3	18	index	index	NOUN
ajfa-835	3	19	subsequent	subsequent	ADJ
ajfa-835	3	20	to	to	ADP
ajfa-835	3	21	additions	addition	NOUN
ajfa-835	3	22	to	to	ADP
ajfa-835	3	23	the	the	DET
ajfa-835	3	24	benchmark	benchmark	ADJ
ajfa-835	3	25	nifty	nifty	ADJ
ajfa-835	3	26	index	index	NOUN
ajfa-835	3	27	.	.	PUNCT
ajfa-835	4	1	on	on	ADP
ajfa-835	4	2	the	the	DET
ajfa-835	4	3	contrary	contrary	ADJ
ajfa-835	4	4	stocks	stock	NOUN
ajfa-835	4	5	deleted	delete	VERB
ajfa-835	4	6	from	from	ADP
ajfa-835	4	7	the	the	DET
ajfa-835	4	8	nifty	nifty	ADJ
ajfa-835	4	9	index	index	NOUN
ajfa-835	4	10	do	do	AUX
ajfa-835	4	11	not	not	PART
ajfa-835	4	12	evidence	evidence	NOUN
ajfa-835	4	13	decreased	decrease	VERB
ajfa-835	4	14	co	co	NOUN
ajfa-835	4	15	-	-	NOUN
ajfa-835	4	16	movement	movement	NOUN
ajfa-835	4	17	between	between	ADP
ajfa-835	4	18	the	the	DET
ajfa-835	4	19	deleted	delete	VERB
ajfa-835	4	20	stocks	stock	NOUN
ajfa-835	4	21	and	and	CCONJ
ajfa-835	4	22	the	the	DET
ajfa-835	4	23	nifty	nifty	ADJ
ajfa-835	4	24	index	index	NOUN
ajfa-835	4	25	.	.	PUNCT
ajfa-835	5	1	we	we	PRON
ajfa-835	5	2	have	have	AUX
ajfa-835	5	3	employed	employ	VERB
ajfa-835	5	4	various	various	ADJ
ajfa-835	5	5	methodologies	methodology	NOUN
ajfa-835	5	6	used	use	VERB
ajfa-835	5	7	by	by	ADP
ajfa-835	5	8	vijh(1994	vijh(1994	NOUN
ajfa-835	5	9	)	)	PUNCT
ajfa-835	5	10	,	,	PUNCT
ajfa-835	5	11	barberis	barberis	PROPN
ajfa-835	5	12	et	et	PROPN
ajfa-835	5	13	al(2002	al(2002	NOUN
ajfa-835	5	14	)	)	PUNCT
ajfa-835	5	15	and	and	CCONJ
ajfa-835	5	16	greenwood	greenwood	PROPN
ajfa-835	5	17	and	and	CCONJ
ajfa-835	5	18	sosner	sosner	NOUN
ajfa-835	5	19	(	(	PUNCT
ajfa-835	5	20	2002	2002	NUM
ajfa-835	5	21	)	)	PUNCT
ajfa-835	5	22	and	and	CCONJ
ajfa-835	5	23	the	the	DET
ajfa-835	5	24	results	result	NOUN
ajfa-835	5	25	suggest	suggest	VERB
ajfa-835	5	26	that	that	SCONJ
ajfa-835	5	27	the	the	DET
ajfa-835	5	28	information	information	NOUN
ajfa-835	5	29	related	relate	VERB
ajfa-835	5	30	views	view	NOUN
ajfa-835	5	31	explain	explain	VERB
ajfa-835	5	32	the	the	DET
ajfa-835	5	33	nifty	nifty	ADJ
ajfa-835	5	34	index	index	NOUN
ajfa-835	5	35	changes	change	NOUN
ajfa-835	5	36	in	in	ADP
ajfa-835	5	37	the	the	DET
ajfa-835	5	38	emerging	emerge	VERB
ajfa-835	5	39	indian	indian	ADJ
ajfa-835	5	40	stock	stock	NOUN
ajfa-835	5	41	market	market	NOUN
ajfa-835	5	42	.	.	PUNCT
ajfa-835	6	1	keywords	keyword	NOUN
ajfa-835	6	2	:	:	PUNCT
ajfa-835	6	3	indian	indian	ADJ
ajfa-835	6	4	equity	equity	NOUN
ajfa-835	6	5	market	market	NOUN
ajfa-835	6	6	,	,	PUNCT
ajfa-835	6	7	index	index	NOUN
ajfa-835	6	8	changes	change	NOUN
ajfa-835	6	9	,	,	PUNCT
ajfa-835	6	10	co	co	NOUN
ajfa-835	6	11	-	-	NOUN
ajfa-835	6	12	movement	movement	NOUN
ajfa-835	6	13	,	,	PUNCT
ajfa-835	6	14	information	information	NOUN
ajfa-835	6	15	jel	jel	PROPN
ajfa-835	6	16	classification	classification	NOUN
ajfa-835	6	17	:	:	PUNCT
ajfa-835	6	18	g11	g11	PROPN
ajfa-835	6	19	,	,	PUNCT
ajfa-835	6	20	g12	g12	NOUN
ajfa-835	6	21	,	,	PUNCT
ajfa-835	6	22	g14	g14	PROPN
ajfa-835	6	23	.	.	PUNCT
ajfa-835	6	24	asian	asian	ADJ
ajfa-835	6	25	journal	journal	PROPN
ajfa-835	6	26	of	of	ADP
ajfa-835	6	27	finance	finance	PROPN
ajfa-835	6	28	&	&	CCONJ
ajfa-835	6	29	accounting	accounting	PROPN
ajfa-835	6	30	issn	issn	PROPN
ajfa-835	6	31	1946	1946	NUM
ajfa-835	6	32	-	-	PUNCT
ajfa-835	6	33	052x	052x	NOUN
ajfa-835	6	34	2011	2011	NUM
ajfa-835	6	35	,	,	PUNCT
ajfa-835	6	36	vol	vol	NOUN
ajfa-835	6	37	.	.	PROPN
ajfa-835	7	1	3	3	NUM
ajfa-835	7	2	,	,	PUNCT
ajfa-835	7	3	no	no	INTJ
ajfa-835	7	4	.	.	NOUN
ajfa-835	7	5	1	1	NUM
ajfa-835	7	6	:	:	PUNCT
ajfa-835	7	7	e12	e12	NOUN
ajfa-835	7	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-835	7	9	186	186	NUM
ajfa-835	7	10	1	1	NUM
ajfa-835	7	11	.	.	PUNCT
ajfa-835	8	1	introduction	introduction	NOUN
ajfa-835	8	2	the	the	DET
ajfa-835	8	3	empirical	empirical	ADJ
ajfa-835	8	4	investigation	investigation	NOUN
ajfa-835	8	5	of	of	ADP
ajfa-835	8	6	stock	stock	NOUN
ajfa-835	8	7	index	index	NOUN
ajfa-835	8	8	changes	change	NOUN
ajfa-835	8	9	around	around	ADP
ajfa-835	8	10	the	the	DET
ajfa-835	8	11	world	world	NOUN
ajfa-835	8	12	has	have	AUX
ajfa-835	8	13	focused	focus	VERB
ajfa-835	8	14	on	on	ADP
ajfa-835	8	15	two	two	NUM
ajfa-835	8	16	aspects	aspect	NOUN
ajfa-835	8	17	:	:	PUNCT
ajfa-835	8	18	firstly	firstly	ADV
ajfa-835	8	19	,	,	PUNCT
ajfa-835	8	20	the	the	DET
ajfa-835	8	21	price	price	NOUN
ajfa-835	8	22	effect	effect	NOUN
ajfa-835	8	23	which	which	PRON
ajfa-835	8	24	was	be	AUX
ajfa-835	8	25	studied	study	VERB
ajfa-835	8	26	for	for	ADP
ajfa-835	8	27	over	over	ADP
ajfa-835	8	28	the	the	DET
ajfa-835	8	29	past	past	ADJ
ajfa-835	8	30	three	three	NUM
ajfa-835	8	31	decades	decade	NOUN
ajfa-835	8	32	had	have	AUX
ajfa-835	8	33	evidenced	evidence	VERB
ajfa-835	8	34	permanent	permanent	ADJ
ajfa-835	8	35	increase	increase	NOUN
ajfa-835	8	36	in	in	ADP
ajfa-835	8	37	stock	stock	NOUN
ajfa-835	8	38	prices	price	NOUN
ajfa-835	8	39	following	follow	VERB
ajfa-835	8	40	addition	addition	NOUN
ajfa-835	8	41	to	to	ADP
ajfa-835	8	42	stock	stock	NOUN
ajfa-835	8	43	index	index	NOUN
ajfa-835	8	44	.	.	PUNCT
ajfa-835	9	1	shiefler	shiefler	NOUN
ajfa-835	9	2	(	(	PUNCT
ajfa-835	9	3	1986	1986	NUM
ajfa-835	9	4	)	)	PUNCT
ajfa-835	9	5	,	,	PUNCT
ajfa-835	9	6	lynch	lynch	PROPN
ajfa-835	9	7	and	and	CCONJ
ajfa-835	9	8	mendenhall	mendenhall	NOUN
ajfa-835	9	9	(	(	PUNCT
ajfa-835	9	10	1997	1997	NUM
ajfa-835	9	11	)	)	PUNCT
ajfa-835	9	12	,	,	PUNCT
ajfa-835	9	13	wurgler	wurgler	NOUN
ajfa-835	9	14	and	and	CCONJ
ajfa-835	9	15	zhuravskaya	zhuravskaya	NOUN
ajfa-835	9	16	(	(	PUNCT
ajfa-835	9	17	2002	2002	NUM
ajfa-835	9	18	)	)	PUNCT
ajfa-835	9	19	have	have	AUX
ajfa-835	9	20	found	find	VERB
ajfa-835	9	21	evidence	evidence	NOUN
ajfa-835	9	22	for	for	ADP
ajfa-835	9	23	permanent	permanent	ADJ
ajfa-835	9	24	price	price	NOUN
ajfa-835	9	25	effects	effect	NOUN
ajfa-835	9	26	following	follow	VERB
ajfa-835	9	27	addition	addition	NOUN
ajfa-835	9	28	to	to	ADP
ajfa-835	9	29	s&p	s&p	PROPN
ajfa-835	9	30	500	500	NUM
ajfa-835	9	31	index	index	NOUN
ajfa-835	9	32	.	.	PUNCT
ajfa-835	10	1	greenwood	greenwood	PROPN
ajfa-835	10	2	(	(	PUNCT
ajfa-835	10	3	2003	2003	NUM
ajfa-835	10	4	)	)	PUNCT
ajfa-835	10	5	evidenced	evidence	VERB
ajfa-835	10	6	similar	similar	ADJ
ajfa-835	10	7	price	price	NOUN
ajfa-835	10	8	effects	effect	NOUN
ajfa-835	10	9	in	in	ADP
ajfa-835	10	10	the	the	DET
ajfa-835	10	11	tokyo	tokyo	PROPN
ajfa-835	10	12	stock	stock	NOUN
ajfa-835	10	13	market	market	NOUN
ajfa-835	10	14	.	.	PUNCT
ajfa-835	11	1	secondly	secondly	ADV
ajfa-835	11	2	,	,	PUNCT
ajfa-835	11	3	the	the	DET
ajfa-835	11	4	return	return	NOUN
ajfa-835	11	5	co	co	NOUN
ajfa-835	11	6	-	-	NOUN
ajfa-835	11	7	movement1	movement1	NOUN
ajfa-835	11	8	as	as	SCONJ
ajfa-835	11	9	measured	measure	VERB
ajfa-835	11	10	by	by	ADP
ajfa-835	11	11	stock	stock	NOUN
ajfa-835	11	12	beta	beta	NOUN
ajfa-835	11	13	,	,	PUNCT
ajfa-835	11	14	between	between	ADP
ajfa-835	11	15	the	the	DET
ajfa-835	11	16	added	add	VERB
ajfa-835	11	17	(	(	PUNCT
ajfa-835	11	18	deleted	delete	VERB
ajfa-835	11	19	)	)	PUNCT
ajfa-835	11	20	stocks	stock	NOUN
ajfa-835	11	21	and	and	CCONJ
ajfa-835	11	22	the	the	DET
ajfa-835	11	23	market	market	NOUN
ajfa-835	11	24	index	index	NOUN
ajfa-835	11	25	following	follow	VERB
ajfa-835	11	26	addition	addition	NOUN
ajfa-835	11	27	(	(	PUNCT
ajfa-835	11	28	deletion	deletion	NOUN
ajfa-835	11	29	)	)	PUNCT
ajfa-835	11	30	to	to	ADP
ajfa-835	11	31	(	(	PUNCT
ajfa-835	11	32	from	from	ADP
ajfa-835	11	33	)	)	PUNCT
ajfa-835	11	34	the	the	DET
ajfa-835	11	35	market	market	NOUN
ajfa-835	11	36	index	index	NOUN
ajfa-835	11	37	.	.	PUNCT
ajfa-835	12	1	pioneering	pioneer	VERB
ajfa-835	12	2	work	work	NOUN
ajfa-835	12	3	on	on	ADP
ajfa-835	12	4	co	co	NOUN
ajfa-835	12	5	-	-	NOUN
ajfa-835	12	6	movement	movement	NOUN
ajfa-835	12	7	around	around	ADP
ajfa-835	12	8	index	index	NOUN
ajfa-835	12	9	changes	change	NOUN
ajfa-835	12	10	was	be	AUX
ajfa-835	12	11	done	do	VERB
ajfa-835	12	12	by	by	ADP
ajfa-835	12	13	vijh	vijh	NOUN
ajfa-835	12	14	(	(	PUNCT
ajfa-835	12	15	1994	1994	NUM
ajfa-835	12	16	)	)	PUNCT
ajfa-835	12	17	and	and	CCONJ
ajfa-835	12	18	later	later	ADV
ajfa-835	12	19	by	by	ADP
ajfa-835	12	20	barberis	barberis	PROPN
ajfa-835	12	21	et	et	PROPN
ajfa-835	12	22	al	al	PROPN
ajfa-835	12	23	(	(	PUNCT
ajfa-835	12	24	2002	2002	NUM
ajfa-835	12	25	)	)	PUNCT
ajfa-835	12	26	.	.	PUNCT
ajfa-835	13	1	vijh	vijh	NOUN
ajfa-835	13	2	(	(	PUNCT
ajfa-835	13	3	1994	1994	NUM
ajfa-835	13	4	)	)	PUNCT
ajfa-835	13	5	discriminated	discriminate	VERB
ajfa-835	13	6	between	between	ADP
ajfa-835	13	7	the	the	DET
ajfa-835	13	8	price	price	NOUN
ajfa-835	13	9	pressure	pressure	NOUN
ajfa-835	13	10	hypothesis	hypothesis	NOUN
ajfa-835	13	11	and	and	CCONJ
ajfa-835	13	12	non	non	ADJ
ajfa-835	13	13	-	-	ADJ
ajfa-835	13	14	synchronous	synchronous	ADJ
ajfa-835	13	15	trading	trading	NOUN
ajfa-835	13	16	hypothesis	hypothesis	NOUN
ajfa-835	13	17	as	as	ADP
ajfa-835	13	18	the	the	DET
ajfa-835	13	19	explanations	explanation	NOUN
ajfa-835	13	20	for	for	ADP
ajfa-835	13	21	co	co	NOUN
ajfa-835	13	22	-	-	NOUN
ajfa-835	13	23	movement	movement	NOUN
ajfa-835	13	24	subsequent	subsequent	ADJ
ajfa-835	13	25	to	to	ADP
ajfa-835	13	26	index	index	NOUN
ajfa-835	13	27	changes	change	NOUN
ajfa-835	13	28	.	.	PUNCT
ajfa-835	14	1	according	accord	VERB
ajfa-835	14	2	to	to	ADP
ajfa-835	14	3	mitchel	mitchel	PROPN
ajfa-835	14	4	et	et	PROPN
ajfa-835	14	5	al(2004	al(2004	PROPN
ajfa-835	14	6	)	)	PUNCT
ajfa-835	14	7	,	,	PUNCT
ajfa-835	14	8	the	the	DET
ajfa-835	14	9	price	price	NOUN
ajfa-835	14	10	pressure	pressure	NOUN
ajfa-835	14	11	hypothesis	hypothesis	NOUN
ajfa-835	14	12	asserts	assert	VERB
ajfa-835	14	13	that	that	SCONJ
ajfa-835	14	14	prices	price	NOUN
ajfa-835	14	15	will	will	AUX
ajfa-835	14	16	temporarily	temporarily	ADV
ajfa-835	14	17	move	move	VERB
ajfa-835	14	18	away	away	ADV
ajfa-835	14	19	from	from	ADP
ajfa-835	14	20	their	their	PRON
ajfa-835	14	21	intrinsic	intrinsic	ADJ
ajfa-835	14	22	values	value	NOUN
ajfa-835	14	23	with	with	ADP
ajfa-835	14	24	uninformed	uninformed	ADJ
ajfa-835	14	25	shifts	shift	NOUN
ajfa-835	14	26	in	in	ADP
ajfa-835	14	27	order	order	NOUN
ajfa-835	14	28	to	to	PART
ajfa-835	14	29	compensate	compensate	VERB
ajfa-835	14	30	the	the	DET
ajfa-835	14	31	liquidity	liquidity	NOUN
ajfa-835	14	32	providers	provider	NOUN
ajfa-835	14	33	.	.	PUNCT
ajfa-835	15	1	according	accord	VERB
ajfa-835	15	2	to	to	ADP
ajfa-835	15	3	harris	harris	PROPN
ajfa-835	15	4	and	and	CCONJ
ajfa-835	15	5	gurel	gurel	PROPN
ajfa-835	15	6	(	(	PUNCT
ajfa-835	15	7	1986	1986	NUM
ajfa-835	15	8	)	)	PUNCT
ajfa-835	15	9	,	,	PUNCT
ajfa-835	15	10	the	the	DET
ajfa-835	15	11	price	price	NOUN
ajfa-835	15	12	pressure	pressure	NOUN
ajfa-835	15	13	hypothesis	hypothesis	NOUN
ajfa-835	15	14	assumes	assume	VERB
ajfa-835	15	15	that	that	SCONJ
ajfa-835	15	16	investors	investor	NOUN
ajfa-835	15	17	who	who	PRON
ajfa-835	15	18	accommodate	accommodate	VERB
ajfa-835	15	19	demand	demand	NOUN
ajfa-835	15	20	shifts	shift	NOUN
ajfa-835	15	21	should	should	AUX
ajfa-835	15	22	be	be	AUX
ajfa-835	15	23	compensated	compensate	VERB
ajfa-835	15	24	for	for	ADP
ajfa-835	15	25	the	the	DET
ajfa-835	15	26	transaction	transaction	NOUN
ajfa-835	15	27	cost	cost	NOUN
ajfa-835	15	28	and	and	CCONJ
ajfa-835	15	29	the	the	DET
ajfa-835	15	30	portfolio	portfolio	NOUN
ajfa-835	15	31	risk	risk	NOUN
ajfa-835	15	32	they	they	PRON
ajfa-835	15	33	bear	bear	VERB
ajfa-835	15	34	when	when	SCONJ
ajfa-835	15	35	they	they	PRON
ajfa-835	15	36	agree	agree	VERB
ajfa-835	15	37	to	to	PART
ajfa-835	15	38	buy	buy	VERB
ajfa-835	15	39	or	or	CCONJ
ajfa-835	15	40	sell	sell	VERB
ajfa-835	15	41	stocks	stock	NOUN
ajfa-835	15	42	which	which	PRON
ajfa-835	15	43	otherwise	otherwise	ADV
ajfa-835	15	44	they	they	PRON
ajfa-835	15	45	would	would	AUX
ajfa-835	15	46	not	not	PART
ajfa-835	15	47	trade	trade	VERB
ajfa-835	15	48	.	.	PUNCT
ajfa-835	16	1	the	the	DET
ajfa-835	16	2	suppliers	supplier	NOUN
ajfa-835	16	3	of	of	ADP
ajfa-835	16	4	liquidity	liquidity	NOUN
ajfa-835	16	5	are	be	AUX
ajfa-835	16	6	compensated	compensate	VERB
ajfa-835	16	7	by	by	ADP
ajfa-835	16	8	immediate	immediate	ADJ
ajfa-835	16	9	price	price	NOUN
ajfa-835	16	10	drops	drop	NOUN
ajfa-835	16	11	(	(	PUNCT
ajfa-835	16	12	increases	increase	NOUN
ajfa-835	16	13	)	)	PUNCT
ajfa-835	16	14	with	with	ADP
ajfa-835	16	15	large	large	ADJ
ajfa-835	16	16	sales	sale	NOUN
ajfa-835	16	17	(	(	PUNCT
ajfa-835	16	18	purchases	purchase	NOUN
ajfa-835	16	19	)	)	PUNCT
ajfa-835	16	20	.	.	PUNCT
ajfa-835	17	1	on	on	ADP
ajfa-835	17	2	the	the	DET
ajfa-835	17	3	other	other	ADJ
ajfa-835	17	4	hand	hand	NOUN
ajfa-835	17	5	,	,	PUNCT
ajfa-835	17	6	according	accord	VERB
ajfa-835	17	7	to	to	ADP
ajfa-835	17	8	scholes	scholes	PROPN
ajfa-835	17	9	and	and	CCONJ
ajfa-835	17	10	williams	williams	PROPN
ajfa-835	17	11	(	(	PUNCT
ajfa-835	17	12	1977	1977	NUM
ajfa-835	17	13	)	)	PUNCT
ajfa-835	17	14	trading	trading	NOUN
ajfa-835	17	15	activity	activity	NOUN
ajfa-835	17	16	around	around	ADP
ajfa-835	17	17	index	index	NOUN
ajfa-835	17	18	addition	addition	NOUN
ajfa-835	17	19	might	might	AUX
ajfa-835	17	20	enable	enable	VERB
ajfa-835	17	21	investors	investor	NOUN
ajfa-835	17	22	to	to	PART
ajfa-835	17	23	trade	trade	VERB
ajfa-835	17	24	the	the	DET
ajfa-835	17	25	index	index	NOUN
ajfa-835	17	26	portfolio	portfolio	NOUN
ajfa-835	17	27	more	more	ADV
ajfa-835	17	28	efficiently	efficiently	ADV
ajfa-835	17	29	(	(	PUNCT
ajfa-835	17	30	non	non	ADJ
ajfa-835	17	31	-	-	ADJ
ajfa-835	17	32	synchronous	synchronous	ADJ
ajfa-835	17	33	properties	property	NOUN
ajfa-835	17	34	)	)	PUNCT
ajfa-835	17	35	.	.	PUNCT
ajfa-835	18	1	this	this	PRON
ajfa-835	18	2	enables	enable	VERB
ajfa-835	18	3	bench	bench	VERB
ajfa-835	18	4	mark	mark	NOUN
ajfa-835	18	5	index	index	NOUN
ajfa-835	18	6	stocks	stock	NOUN
ajfa-835	18	7	to	to	PART
ajfa-835	18	8	incorporate	incorporate	VERB
ajfa-835	18	9	market	market	NOUN
ajfa-835	18	10	wide	wide	ADJ
ajfa-835	18	11	information	information	NOUN
ajfa-835	18	12	immediately	immediately	ADV
ajfa-835	18	13	compared	compare	VERB
ajfa-835	18	14	to	to	ADP
ajfa-835	18	15	non	non	ADJ
ajfa-835	18	16	-	-	ADJ
ajfa-835	18	17	benchmark	benchmark	ADJ
ajfa-835	18	18	stocks	stock	NOUN
ajfa-835	18	19	which	which	PRON
ajfa-835	18	20	impound	impound	VERB
ajfa-835	18	21	information	information	NOUN
ajfa-835	18	22	with	with	ADP
ajfa-835	18	23	a	a	DET
ajfa-835	18	24	lag	lag	NOUN
ajfa-835	18	25	.	.	PUNCT
ajfa-835	19	1	the	the	DET
ajfa-835	19	2	study	study	NOUN
ajfa-835	19	3	shows	show	VERB
ajfa-835	19	4	that	that	SCONJ
ajfa-835	19	5	non	non	ADJ
ajfa-835	19	6	-	-	ADJ
ajfa-835	19	7	synchronous	synchronous	ADJ
ajfa-835	19	8	trading	trading	NOUN
ajfa-835	19	9	also	also	ADV
ajfa-835	19	10	biases	bias	VERB
ajfa-835	19	11	the	the	DET
ajfa-835	19	12	estimated	estimate	VERB
ajfa-835	19	13	stock	stock	NOUN
ajfa-835	19	14	betas	beta	NOUN
ajfa-835	19	15	.	.	PUNCT
ajfa-835	20	1	barberis	barberis	PROPN
ajfa-835	20	2	et	et	PROPN
ajfa-835	20	3	al	al	PROPN
ajfa-835	20	4	(	(	PUNCT
ajfa-835	20	5	2002	2002	NUM
ajfa-835	20	6	)	)	PUNCT
ajfa-835	20	7	analyzing	analyze	VERB
ajfa-835	20	8	the	the	DET
ajfa-835	20	9	s&p	s&p	PROPN
ajfa-835	20	10	500	500	NUM
ajfa-835	20	11	index	index	NOUN
ajfa-835	20	12	additions	addition	NOUN
ajfa-835	20	13	discriminated	discriminate	VERB
ajfa-835	20	14	between	between	ADP
ajfa-835	20	15	the	the	DET
ajfa-835	20	16	three	three	NUM
ajfa-835	20	17	co	co	NOUN
ajfa-835	20	18	-	-	NOUN
ajfa-835	20	19	movement	movement	ADJ
ajfa-835	20	20	views	view	NOUN
ajfa-835	20	21	,	,	PUNCT
ajfa-835	20	22	namely	namely	ADV
ajfa-835	20	23	category	category	NOUN
ajfa-835	20	24	view	view	NOUN
ajfa-835	20	25	,	,	PUNCT
ajfa-835	20	26	habitat	habitat	ADJ
ajfa-835	20	27	view	view	NOUN
ajfa-835	20	28	and	and	CCONJ
ajfa-835	20	29	finally	finally	ADV
ajfa-835	20	30	the	the	DET
ajfa-835	20	31	information	information	NOUN
ajfa-835	20	32	diffusion	diffusion	NOUN
ajfa-835	20	33	or	or	CCONJ
ajfa-835	20	34	fundamental	fundamental	ADJ
ajfa-835	20	35	view	view	NOUN
ajfa-835	20	36	.	.	PUNCT
ajfa-835	21	1	in	in	ADP
ajfa-835	21	2	the	the	DET
ajfa-835	21	3	category	category	NOUN
ajfa-835	21	4	view	view	NOUN
ajfa-835	21	5	,	,	PUNCT
ajfa-835	21	6	the	the	DET
ajfa-835	21	7	investor	investor	NOUN
ajfa-835	21	8	’s	’s	ADV
ajfa-835	21	9	,	,	PUNCT
ajfa-835	21	10	like	like	ADP
ajfa-835	21	11	index	index	NOUN
ajfa-835	21	12	traders	trader	NOUN
ajfa-835	21	13	,	,	PUNCT
ajfa-835	21	14	group	group	NOUN
ajfa-835	21	15	assets	asset	NOUN
ajfa-835	21	16	or	or	CCONJ
ajfa-835	21	17	stocks	stock	NOUN
ajfa-835	21	18	into	into	ADP
ajfa-835	21	19	categories	category	NOUN
ajfa-835	21	20	and	and	CCONJ
ajfa-835	21	21	when	when	SCONJ
ajfa-835	21	22	they	they	PRON
ajfa-835	21	23	move	move	VERB
ajfa-835	21	24	from	from	ADP
ajfa-835	21	25	one	one	NUM
ajfa-835	21	26	category	category	NOUN
ajfa-835	21	27	to	to	ADP
ajfa-835	21	28	another	another	PRON
ajfa-835	21	29	,	,	PUNCT
ajfa-835	21	30	co	co	NOUN
ajfa-835	21	31	-	-	NOUN
ajfa-835	21	32	movement	movement	NOUN
ajfa-835	21	33	is	be	AUX
ajfa-835	21	34	generated	generate	VERB
ajfa-835	21	35	between	between	ADP
ajfa-835	21	36	assets	asset	NOUN
ajfa-835	21	37	in	in	ADP
ajfa-835	21	38	the	the	DET
ajfa-835	21	39	same	same	ADJ
ajfa-835	21	40	category	category	NOUN
ajfa-835	21	41	.	.	PUNCT
ajfa-835	22	1	similar	similar	ADJ
ajfa-835	22	2	explanation	explanation	NOUN
ajfa-835	22	3	is	be	AUX
ajfa-835	22	4	the	the	DET
ajfa-835	22	5	habitat	habitat	ADJ
ajfa-835	22	6	view	view	NOUN
ajfa-835	22	7	in	in	ADP
ajfa-835	22	8	which	which	PRON
ajfa-835	22	9	a	a	DET
ajfa-835	22	10	group	group	NOUN
ajfa-835	22	11	of	of	ADP
ajfa-835	22	12	investors	investor	NOUN
ajfa-835	22	13	for	for	ADP
ajfa-835	22	14	various	various	ADJ
ajfa-835	22	15	reasons	reason	NOUN
ajfa-835	22	16	choose	choose	VERB
ajfa-835	22	17	to	to	PART
ajfa-835	22	18	trade	trade	VERB
ajfa-835	22	19	only	only	ADV
ajfa-835	22	20	in	in	ADP
ajfa-835	22	21	a	a	DET
ajfa-835	22	22	subset	subset	NOUN
ajfa-835	22	23	of	of	ADP
ajfa-835	22	24	assets2	assets2	NOUN
ajfa-835	22	25	and	and	CCONJ
ajfa-835	22	26	move	move	VERB
ajfa-835	22	27	in	in	ADV
ajfa-835	22	28	and	and	CCONJ
ajfa-835	22	29	move	move	VERB
ajfa-835	22	30	out	out	ADP
ajfa-835	22	31	of	of	ADP
ajfa-835	22	32	them	they	PRON
ajfa-835	22	33	together	together	ADV
ajfa-835	22	34	due	due	ADP
ajfa-835	22	35	to	to	ADP
ajfa-835	22	36	transaction	transaction	NOUN
ajfa-835	22	37	costs	cost	NOUN
ajfa-835	22	38	,	,	PUNCT
ajfa-835	22	39	trading	trading	NOUN
ajfa-835	22	40	restrictions	restriction	NOUN
ajfa-835	22	41	or	or	CCONJ
ajfa-835	22	42	lack	lack	NOUN
ajfa-835	22	43	of	of	ADP
ajfa-835	22	44	information	information	NOUN
ajfa-835	22	45	.	.	PUNCT
ajfa-835	23	1	the	the	DET
ajfa-835	23	2	above	above	ADJ
ajfa-835	23	3	views	view	NOUN
ajfa-835	23	4	posit	posit	VERB
ajfa-835	23	5	that	that	SCONJ
ajfa-835	23	6	the	the	DET
ajfa-835	23	7	increased	increase	VERB
ajfa-835	23	8	co	co	NOUN
ajfa-835	23	9	-	-	NOUN
ajfa-835	23	10	movement	movement	NOUN
ajfa-835	23	11	is	be	AUX
ajfa-835	23	12	due	due	ADJ
ajfa-835	23	13	to	to	ADP
ajfa-835	23	14	trading	trading	NOUN
ajfa-835	23	15	actions	action	NOUN
ajfa-835	23	16	of	of	ADP
ajfa-835	23	17	the	the	DET
ajfa-835	23	18	index	index	NOUN
ajfa-835	23	19	funds	fund	NOUN
ajfa-835	23	20	,	,	PUNCT
ajfa-835	23	21	co	co	NOUN
ajfa-835	23	22	-	-	NOUN
ajfa-835	23	23	movement	movement	NOUN
ajfa-835	23	24	is	be	AUX
ajfa-835	23	25	generated	generate	VERB
ajfa-835	23	26	.	.	PUNCT
ajfa-835	24	1	finally	finally	ADV
ajfa-835	24	2	the	the	DET
ajfa-835	24	3	information	information	NOUN
ajfa-835	24	4	view	view	NOUN
ajfa-835	24	5	relates	relate	VERB
ajfa-835	24	6	co	co	NOUN
ajfa-835	24	7	-	-	NOUN
ajfa-835	24	8	movement	movement	NOUN
ajfa-835	24	9	to	to	PART
ajfa-835	24	10	rapid	rapid	ADJ
ajfa-835	24	11	incorporation	incorporation	NOUN
ajfa-835	24	12	of	of	ADP
ajfa-835	24	13	information	information	NOUN
ajfa-835	24	14	in	in	ADP
ajfa-835	24	15	benchmark	benchmark	ADJ
ajfa-835	24	16	index	index	NOUN
ajfa-835	24	17	stocks	stock	NOUN
ajfa-835	24	18	compared	compare	VERB
ajfa-835	24	19	to	to	ADP
ajfa-835	24	20	other	other	ADJ
ajfa-835	24	21	stocks	stock	NOUN
ajfa-835	24	22	because	because	SCONJ
ajfa-835	24	23	of	of	ADP
ajfa-835	24	24	market	market	NOUN
ajfa-835	24	25	frictions	friction	NOUN
ajfa-835	24	26	.	.	PUNCT
ajfa-835	25	1	consequently	consequently	ADV
ajfa-835	25	2	the	the	DET
ajfa-835	25	3	stocks	stock	NOUN
ajfa-835	25	4	tend	tend	VERB
ajfa-835	25	5	to	to	PART
ajfa-835	25	6	co	co	VERB
ajfa-835	25	7	-	-	VERB
ajfa-835	25	8	move	move	VERB
ajfa-835	25	9	with	with	ADP
ajfa-835	25	10	the	the	DET
ajfa-835	25	11	index	index	NOUN
ajfa-835	25	12	.	.	PUNCT
ajfa-835	26	1	overall	overall	ADJ
ajfa-835	26	2	the	the	DET
ajfa-835	26	3	debate	debate	NOUN
ajfa-835	26	4	is	be	AUX
ajfa-835	26	5	whether	whether	SCONJ
ajfa-835	26	6	the	the	DET
ajfa-835	26	7	increased	increase	VERB
ajfa-835	26	8	co	co	NOUN
ajfa-835	26	9	-	-	NOUN
ajfa-835	26	10	movement	movement	NOUN
ajfa-835	26	11	subsequent	subsequent	ADJ
ajfa-835	26	12	to	to	ADP
ajfa-835	26	13	index	index	NOUN
ajfa-835	26	14	addition	addition	NOUN
ajfa-835	26	15	is	be	AUX
ajfa-835	26	16	due	due	ADJ
ajfa-835	26	17	to	to	ADP
ajfa-835	26	18	behavioral	behavioral	ADJ
ajfa-835	26	19	/	/	SYM
ajfa-835	26	20	index	index	NOUN
ajfa-835	26	21	trading	trading	NOUN
ajfa-835	26	22	or	or	CCONJ
ajfa-835	26	23	traditional	traditional	ADJ
ajfa-835	26	24	/	/	SYM
ajfa-835	26	25	fundamental	fundamental	ADJ
ajfa-835	26	26	based	base	VERB
ajfa-835	26	27	reasons	reason	NOUN
ajfa-835	26	28	.	.	PUNCT
ajfa-835	27	1	1	1	NUM
ajfa-835	27	2	co	co	NOUN
ajfa-835	27	3	-	-	NOUN
ajfa-835	27	4	movement	movement	NOUN
ajfa-835	27	5	is	be	AUX
ajfa-835	27	6	defined	define	VERB
ajfa-835	27	7	as	as	ADP
ajfa-835	27	8	a	a	DET
ajfa-835	27	9	pattern	pattern	NOUN
ajfa-835	27	10	of	of	ADP
ajfa-835	27	11	positive	positive	ADJ
ajfa-835	27	12	correlation	correlation	NOUN
ajfa-835	27	13	(	(	PUNCT
ajfa-835	27	14	barberis	barberis	PROPN
ajfa-835	27	15	et	et	PROPN
ajfa-835	27	16	al	al	PROPN
ajfa-835	27	17	,	,	PUNCT
ajfa-835	27	18	2002	2002	NUM
ajfa-835	27	19	)	)	PUNCT
ajfa-835	27	20	.	.	PUNCT
ajfa-835	28	1	dirk	dirk	PROPN
ajfa-835	28	2	baur	baur	PROPN
ajfa-835	28	3	(	(	PUNCT
ajfa-835	28	4	2003	2003	NUM
ajfa-835	28	5	)	)	PUNCT
ajfa-835	28	6	explains	explain	VERB
ajfa-835	28	7	co	co	NOUN
ajfa-835	28	8	-	-	NOUN
ajfa-835	28	9	movement	movement	NOUN
ajfa-835	28	10	as	as	ADP
ajfa-835	28	11	a	a	DET
ajfa-835	28	12	phenomenon	phenomenon	NOUN
ajfa-835	28	13	in	in	ADP
ajfa-835	28	14	which	which	PRON
ajfa-835	28	15	an	an	DET
ajfa-835	28	16	asset	asset	NOUN
ajfa-835	28	17	(	(	PUNCT
ajfa-835	28	18	price	price	NOUN
ajfa-835	28	19	)	)	PUNCT
ajfa-835	28	20	is	be	AUX
ajfa-835	28	21	‘	'	PUNCT
ajfa-835	28	22	moving	move	VERB
ajfa-835	28	23	with	with	ADP
ajfa-835	28	24	’	'	PUNCT
ajfa-835	28	25	another	another	DET
ajfa-835	28	26	asset	asset	NOUN
ajfa-835	28	27	(	(	PUNCT
ajfa-835	28	28	price	price	NOUN
ajfa-835	28	29	)	)	PUNCT
ajfa-835	28	30	and	and	CCONJ
ajfa-835	28	31	defines	define	VERB
ajfa-835	28	32	co	co	NOUN
ajfa-835	28	33	-	-	NOUN
ajfa-835	28	34	movement	movement	NOUN
ajfa-835	28	35	as	as	ADP
ajfa-835	28	36	the	the	DET
ajfa-835	28	37	movement	movement	NOUN
ajfa-835	28	38	of	of	ADP
ajfa-835	28	39	assets	asset	NOUN
ajfa-835	28	40	that	that	PRON
ajfa-835	28	41	is	be	AUX
ajfa-835	28	42	shared	share	VERB
ajfa-835	28	43	by	by	ADP
ajfa-835	28	44	all	all	DET
ajfa-835	28	45	assets	asset	NOUN
ajfa-835	28	46	at	at	ADP
ajfa-835	28	47	time‘t	time‘t	NOUN
ajfa-835	28	48	’	'	PUNCT
ajfa-835	28	49	2	2	NUM
ajfa-835	28	50	for	for	ADP
ajfa-835	28	51	example	example	NOUN
ajfa-835	28	52	,	,	PUNCT
ajfa-835	28	53	some	some	DET
ajfa-835	28	54	investors	investor	NOUN
ajfa-835	28	55	may	may	AUX
ajfa-835	28	56	trade	trade	VERB
ajfa-835	28	57	only	only	ADV
ajfa-835	28	58	in	in	ADP
ajfa-835	28	59	the	the	DET
ajfa-835	28	60	indian	indian	ADJ
ajfa-835	28	61	stocks	stock	NOUN
ajfa-835	28	62	which	which	PRON
ajfa-835	28	63	are	be	AUX
ajfa-835	28	64	included	include	VERB
ajfa-835	28	65	in	in	ADP
ajfa-835	28	66	the	the	DET
ajfa-835	28	67	msci	msci	PROPN
ajfa-835	28	68	index	index	NOUN
ajfa-835	28	69	etc	etc	X
ajfa-835	28	70	.	.	X
ajfa-835	28	71	asian	asian	ADJ
ajfa-835	28	72	journal	journal	PROPN
ajfa-835	28	73	of	of	ADP
ajfa-835	28	74	finance	finance	PROPN
ajfa-835	28	75	&	&	CCONJ
ajfa-835	28	76	accounting	accounting	PROPN
ajfa-835	28	77	issn	issn	PROPN
ajfa-835	28	78	1946	1946	NUM
ajfa-835	28	79	-	-	PUNCT
ajfa-835	28	80	052x	052x	NOUN
ajfa-835	28	81	2011	2011	NUM
ajfa-835	28	82	,	,	PUNCT
ajfa-835	28	83	vol	vol	NOUN
ajfa-835	28	84	.	.	PROPN
ajfa-835	29	1	3	3	NUM
ajfa-835	29	2	,	,	PUNCT
ajfa-835	29	3	no	no	INTJ
ajfa-835	29	4	.	.	NOUN
ajfa-835	29	5	1	1	NUM
ajfa-835	29	6	:	:	PUNCT
ajfa-835	29	7	e12	e12	VERB
ajfa-835	29	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-835	29	9	187	187	NUM
ajfa-835	29	10	though	though	SCONJ
ajfa-835	29	11	this	this	PRON
ajfa-835	29	12	is	be	AUX
ajfa-835	29	13	well	well	ADV
ajfa-835	29	14	researched	research	VERB
ajfa-835	29	15	topic	topic	NOUN
ajfa-835	29	16	in	in	ADP
ajfa-835	29	17	the	the	DET
ajfa-835	29	18	developed	develop	VERB
ajfa-835	29	19	markets	market	NOUN
ajfa-835	29	20	,	,	PUNCT
ajfa-835	29	21	there	there	PRON
ajfa-835	29	22	are	be	VERB
ajfa-835	29	23	few	few	ADJ
ajfa-835	29	24	studies	study	NOUN
ajfa-835	29	25	in	in	ADP
ajfa-835	29	26	the	the	DET
ajfa-835	29	27	emerging	emerge	VERB
ajfa-835	29	28	markets	market	NOUN
ajfa-835	29	29	like	like	ADP
ajfa-835	29	30	india	india	PROPN
ajfa-835	29	31	on	on	ADP
ajfa-835	29	32	index	index	NOUN
ajfa-835	29	33	changes	change	NOUN
ajfa-835	29	34	in	in	ADP
ajfa-835	29	35	general	general	ADJ
ajfa-835	29	36	and	and	CCONJ
ajfa-835	29	37	co	co	NOUN
ajfa-835	29	38	-	-	NOUN
ajfa-835	29	39	movement	movement	NOUN
ajfa-835	29	40	in	in	ADP
ajfa-835	29	41	particular	particular	ADJ
ajfa-835	29	42	.	.	PUNCT
ajfa-835	30	1	the	the	DET
ajfa-835	30	2	importance	importance	NOUN
ajfa-835	30	3	of	of	ADP
ajfa-835	30	4	these	these	DET
ajfa-835	30	5	studies	study	NOUN
ajfa-835	30	6	in	in	ADP
ajfa-835	30	7	the	the	DET
ajfa-835	30	8	indian	indian	ADJ
ajfa-835	30	9	stock	stock	NOUN
ajfa-835	30	10	market	market	NOUN
ajfa-835	30	11	can	can	AUX
ajfa-835	30	12	be	be	AUX
ajfa-835	30	13	appreciated	appreciate	VERB
ajfa-835	30	14	based	base	VERB
ajfa-835	30	15	on	on	ADP
ajfa-835	30	16	the	the	DET
ajfa-835	30	17	fact	fact	NOUN
ajfa-835	30	18	that	that	SCONJ
ajfa-835	30	19	the	the	DET
ajfa-835	30	20	indian	indian	ADJ
ajfa-835	30	21	equity	equity	NOUN
ajfa-835	30	22	market	market	NOUN
ajfa-835	30	23	stood	stand	VERB
ajfa-835	30	24	13th	13th	NOUN
ajfa-835	30	25	in	in	ADP
ajfa-835	30	26	the	the	DET
ajfa-835	30	27	world	world	NOUN
ajfa-835	30	28	and	and	CCONJ
ajfa-835	30	29	4th	4th	ADJ
ajfa-835	30	30	in	in	ADP
ajfa-835	30	31	asia	asia	PROPN
ajfa-835	30	32	in	in	ADP
ajfa-835	30	33	terms	term	NOUN
ajfa-835	30	34	of	of	ADP
ajfa-835	30	35	both	both	DET
ajfa-835	30	36	traded	trade	VERB
ajfa-835	30	37	value	value	NOUN
ajfa-835	30	38	(	(	PUNCT
ajfa-835	30	39	$	$	SYM
ajfa-835	30	40	1050	1050	NUM
ajfa-835	30	41	bn	bn	NOUN
ajfa-835	30	42	during	during	ADP
ajfa-835	30	43	the	the	DET
ajfa-835	30	44	year	year	NOUN
ajfa-835	30	45	)	)	PUNCT
ajfa-835	30	46	and	and	CCONJ
ajfa-835	30	47	market	market	NOUN
ajfa-835	30	48	capitalisation	capitalisation	NOUN
ajfa-835	30	49	(	(	PUNCT
ajfa-835	30	50	$	$	SYM
ajfa-835	30	51	645	645	NUM
ajfa-835	30	52	bn	bn	NOUN
ajfa-835	30	53	at	at	ADP
ajfa-835	30	54	the	the	DET
ajfa-835	30	55	year	year	NOUN
ajfa-835	30	56	end)3	end)3	PROPN
ajfa-835	30	57	in	in	ADP
ajfa-835	30	58	2008	2008	NUM
ajfa-835	30	59	.	.	PUNCT
ajfa-835	31	1	the	the	DET
ajfa-835	31	2	increasing	increase	VERB
ajfa-835	31	3	international	international	ADJ
ajfa-835	31	4	portfolio	portfolio	NOUN
ajfa-835	31	5	investment	investment	NOUN
ajfa-835	31	6	and	and	CCONJ
ajfa-835	31	7	participation	participation	NOUN
ajfa-835	31	8	provides	provide	VERB
ajfa-835	31	9	a	a	DET
ajfa-835	31	10	perfect	perfect	ADJ
ajfa-835	31	11	platform	platform	NOUN
ajfa-835	31	12	for	for	ADP
ajfa-835	31	13	gathering	gather	VERB
ajfa-835	31	14	information	information	NOUN
ajfa-835	31	15	about	about	ADP
ajfa-835	31	16	the	the	DET
ajfa-835	31	17	market	market	NOUN
ajfa-835	31	18	structure	structure	NOUN
ajfa-835	31	19	,	,	PUNCT
ajfa-835	31	20	efficiency	efficiency	NOUN
ajfa-835	31	21	and	and	CCONJ
ajfa-835	31	22	evidence	evidence	NOUN
ajfa-835	31	23	of	of	ADP
ajfa-835	31	24	the	the	DET
ajfa-835	31	25	integration	integration	NOUN
ajfa-835	31	26	mechanism	mechanism	NOUN
ajfa-835	31	27	with	with	ADP
ajfa-835	31	28	the	the	DET
ajfa-835	31	29	developed	develop	VERB
ajfa-835	31	30	markets	market	NOUN
ajfa-835	31	31	.	.	PUNCT
ajfa-835	32	1	the	the	DET
ajfa-835	32	2	indian	indian	ADJ
ajfa-835	32	3	stock	stock	NOUN
ajfa-835	32	4	market	market	NOUN
ajfa-835	32	5	differs	differ	VERB
ajfa-835	32	6	from	from	ADP
ajfa-835	32	7	the	the	DET
ajfa-835	32	8	developed	develop	VERB
ajfa-835	32	9	markets	market	NOUN
ajfa-835	32	10	in	in	ADP
ajfa-835	32	11	the	the	DET
ajfa-835	32	12	following	following	ADJ
ajfa-835	32	13	ways	way	NOUN
ajfa-835	32	14	;	;	PUNCT
ajfa-835	32	15	the	the	DET
ajfa-835	32	16	indian	indian	ADJ
ajfa-835	32	17	stock	stock	NOUN
ajfa-835	32	18	market4	market4	NOUN
ajfa-835	32	19	is	be	AUX
ajfa-835	32	20	characterized	characterize	VERB
ajfa-835	32	21	by	by	ADP
ajfa-835	32	22	less	less	ADJ
ajfa-835	32	23	informational	informational	ADJ
ajfa-835	32	24	efficiency	efficiency	NOUN
ajfa-835	32	25	,	,	PUNCT
ajfa-835	32	26	higher	high	ADJ
ajfa-835	32	27	costs	cost	NOUN
ajfa-835	32	28	,	,	PUNCT
ajfa-835	32	29	smaller	small	ADJ
ajfa-835	32	30	investor	investor	NOUN
ajfa-835	32	31	base	base	NOUN
ajfa-835	32	32	and	and	CCONJ
ajfa-835	32	33	lower	low	ADJ
ajfa-835	32	34	liquidity	liquidity	NOUN
ajfa-835	32	35	compared	compare	VERB
ajfa-835	32	36	with	with	ADP
ajfa-835	32	37	the	the	DET
ajfa-835	32	38	stock	stock	NOUN
ajfa-835	32	39	markets	market	NOUN
ajfa-835	32	40	of	of	ADP
ajfa-835	32	41	developed	develop	VERB
ajfa-835	32	42	countries	country	NOUN
ajfa-835	32	43	.	.	PUNCT
ajfa-835	33	1	finally	finally	ADV
ajfa-835	33	2	,	,	PUNCT
ajfa-835	33	3	unlike	unlike	ADP
ajfa-835	33	4	the	the	DET
ajfa-835	33	5	developed	develop	VERB
ajfa-835	33	6	markets	market	NOUN
ajfa-835	33	7	,	,	PUNCT
ajfa-835	33	8	there	there	PRON
ajfa-835	33	9	may	may	AUX
ajfa-835	33	10	be	be	AUX
ajfa-835	33	11	drastic	drastic	ADJ
ajfa-835	33	12	difference	difference	NOUN
ajfa-835	33	13	in	in	ADP
ajfa-835	33	14	the	the	DET
ajfa-835	33	15	quality	quality	NOUN
ajfa-835	33	16	of	of	ADP
ajfa-835	33	17	assets	asset	NOUN
ajfa-835	33	18	between	between	ADP
ajfa-835	33	19	benchmark	benchmark	NOUN
ajfa-835	33	20	index	index	NOUN
ajfa-835	33	21	and	and	CCONJ
ajfa-835	33	22	other	other	ADJ
ajfa-835	33	23	index	index	NOUN
ajfa-835	33	24	stocks	stock	NOUN
ajfa-835	33	25	.	.	PUNCT
ajfa-835	34	1	this	this	PRON
ajfa-835	34	2	is	be	AUX
ajfa-835	34	3	truer	true	ADJ
ajfa-835	34	4	for	for	ADP
ajfa-835	34	5	the	the	DET
ajfa-835	34	6	foreign	foreign	ADJ
ajfa-835	34	7	investors	investor	NOUN
ajfa-835	34	8	’	'	PUNCT
ajfa-835	34	9	as	as	SCONJ
ajfa-835	34	10	local	local	ADJ
ajfa-835	34	11	factors	factor	NOUN
ajfa-835	34	12	affect	affect	VERB
ajfa-835	34	13	pricing	price	VERB
ajfa-835	34	14	significantly	significantly	ADV
ajfa-835	34	15	.	.	PUNCT
ajfa-835	35	1	hence	hence	ADV
ajfa-835	35	2	,	,	PUNCT
ajfa-835	35	3	it	it	PRON
ajfa-835	35	4	will	will	AUX
ajfa-835	35	5	be	be	AUX
ajfa-835	35	6	interesting	interesting	ADJ
ajfa-835	35	7	to	to	PART
ajfa-835	35	8	analyse	analyse	VERB
ajfa-835	35	9	whether	whether	SCONJ
ajfa-835	35	10	the	the	DET
ajfa-835	35	11	results	result	NOUN
ajfa-835	35	12	evidenced	evidence	VERB
ajfa-835	35	13	in	in	ADP
ajfa-835	35	14	the	the	DET
ajfa-835	35	15	developed	develop	VERB
ajfa-835	35	16	markets	market	NOUN
ajfa-835	35	17	apply	apply	VERB
ajfa-835	35	18	to	to	ADP
ajfa-835	35	19	emerging	emerge	VERB
ajfa-835	35	20	markets	market	NOUN
ajfa-835	35	21	like	like	ADP
ajfa-835	35	22	india	india	PROPN
ajfa-835	35	23	.	.	PUNCT
ajfa-835	36	1	this	this	PRON
ajfa-835	36	2	is	be	AUX
ajfa-835	36	3	very	very	ADV
ajfa-835	36	4	important	important	ADJ
ajfa-835	36	5	as	as	SCONJ
ajfa-835	36	6	countries	country	NOUN
ajfa-835	36	7	like	like	ADP
ajfa-835	36	8	india	india	PROPN
ajfa-835	36	9	have	have	AUX
ajfa-835	36	10	looked	look	VERB
ajfa-835	36	11	upon	upon	SCONJ
ajfa-835	36	12	the	the	DET
ajfa-835	36	13	developed	develop	VERB
ajfa-835	36	14	countries	country	NOUN
ajfa-835	36	15	for	for	ADP
ajfa-835	36	16	their	their	PRON
ajfa-835	36	17	financial	financial	ADJ
ajfa-835	36	18	sector	sector	NOUN
ajfa-835	36	19	policies	policy	NOUN
ajfa-835	36	20	.	.	PUNCT
ajfa-835	37	1	these	these	DET
ajfa-835	37	2	studies	study	NOUN
ajfa-835	37	3	will	will	AUX
ajfa-835	37	4	help	help	VERB
ajfa-835	37	5	the	the	DET
ajfa-835	37	6	decision	decision	NOUN
ajfa-835	37	7	makers	maker	NOUN
ajfa-835	37	8	to	to	PART
ajfa-835	37	9	appreciate	appreciate	VERB
ajfa-835	37	10	the	the	DET
ajfa-835	37	11	differences	difference	NOUN
ajfa-835	37	12	or	or	CCONJ
ajfa-835	37	13	similarities	similarity	NOUN
ajfa-835	37	14	between	between	ADP
ajfa-835	37	15	the	the	DET
ajfa-835	37	16	emerging	emerge	VERB
ajfa-835	37	17	and	and	CCONJ
ajfa-835	37	18	developed	developed	ADJ
ajfa-835	37	19	countries	country	NOUN
ajfa-835	37	20	and	and	CCONJ
ajfa-835	37	21	to	to	PART
ajfa-835	37	22	take	take	VERB
ajfa-835	37	23	informed	informed	ADJ
ajfa-835	37	24	policy	policy	NOUN
ajfa-835	37	25	decisions	decision	NOUN
ajfa-835	37	26	.	.	PUNCT
ajfa-835	38	1	the	the	DET
ajfa-835	38	2	co	co	NOUN
ajfa-835	38	3	-	-	NOUN
ajfa-835	38	4	movement	movement	NOUN
ajfa-835	38	5	following	follow	VERB
ajfa-835	38	6	index	index	NOUN
ajfa-835	38	7	changes	change	NOUN
ajfa-835	38	8	has	have	VERB
ajfa-835	38	9	implications	implication	NOUN
ajfa-835	38	10	for	for	ADP
ajfa-835	38	11	portfolio	portfolio	NOUN
ajfa-835	38	12	managers	manager	NOUN
ajfa-835	38	13	as	as	SCONJ
ajfa-835	38	14	they	they	PRON
ajfa-835	38	15	might	might	AUX
ajfa-835	38	16	alter	alter	VERB
ajfa-835	38	17	the	the	DET
ajfa-835	38	18	return	return	NOUN
ajfa-835	38	19	correlation	correlation	NOUN
ajfa-835	38	20	due	due	ADP
ajfa-835	38	21	to	to	ADP
ajfa-835	38	22	conventional	conventional	ADJ
ajfa-835	38	23	factors	factor	NOUN
ajfa-835	38	24	like	like	ADP
ajfa-835	38	25	industry	industry	NOUN
ajfa-835	38	26	etc	etc	X
ajfa-835	38	27	.	.	PUNCT
ajfa-835	39	1	the	the	DET
ajfa-835	39	2	purpose	purpose	NOUN
ajfa-835	39	3	of	of	ADP
ajfa-835	39	4	this	this	DET
ajfa-835	39	5	study	study	NOUN
ajfa-835	39	6	is	be	AUX
ajfa-835	39	7	to	to	PART
ajfa-835	39	8	analyse	analyse	VERB
ajfa-835	39	9	the	the	DET
ajfa-835	39	10	co	co	NOUN
ajfa-835	39	11	-	-	NOUN
ajfa-835	39	12	movement	movement	NOUN
ajfa-835	39	13	subsequent	subsequent	ADJ
ajfa-835	39	14	to	to	ADP
ajfa-835	39	15	nifty	nifty	ADJ
ajfa-835	39	16	index	index	NOUN
ajfa-835	39	17	changes	change	NOUN
ajfa-835	39	18	by	by	ADP
ajfa-835	39	19	comparing	compare	VERB
ajfa-835	39	20	the	the	DET
ajfa-835	39	21	‘	'	PUNCT
ajfa-835	39	22	beta	beta	NOUN
ajfa-835	39	23	’	'	PUNCT
ajfa-835	39	24	of	of	ADP
ajfa-835	39	25	the	the	DET
ajfa-835	39	26	added	add	VERB
ajfa-835	39	27	/	/	SYM
ajfa-835	39	28	deleted	delete	VERB
ajfa-835	39	29	stocks	stock	NOUN
ajfa-835	39	30	before	before	ADP
ajfa-835	39	31	and	and	CCONJ
ajfa-835	39	32	after	after	ADP
ajfa-835	39	33	the	the	DET
ajfa-835	39	34	addition	addition	NOUN
ajfa-835	39	35	and	and	CCONJ
ajfa-835	39	36	deletion	deletion	NOUN
ajfa-835	39	37	to	to	ADP
ajfa-835	39	38	benchmark	benchmark	PROPN
ajfa-835	39	39	nifty	nifty	ADJ
ajfa-835	39	40	index	index	NOUN
ajfa-835	39	41	.	.	PUNCT
ajfa-835	40	1	the	the	DET
ajfa-835	40	2	increased	increase	VERB
ajfa-835	40	3	(	(	PUNCT
ajfa-835	40	4	decreased	decrease	VERB
ajfa-835	40	5	)	)	PUNCT
ajfa-835	40	6	co	co	NOUN
ajfa-835	40	7	-	-	NOUN
ajfa-835	40	8	movement	movement	NOUN
ajfa-835	40	9	may	may	AUX
ajfa-835	40	10	be	be	AUX
ajfa-835	40	11	either	either	CCONJ
ajfa-835	40	12	due	due	ADJ
ajfa-835	40	13	to	to	ADP
ajfa-835	40	14	trading	trading	NOUN
ajfa-835	40	15	strategies	strategy	NOUN
ajfa-835	40	16	of	of	ADP
ajfa-835	40	17	institutional	institutional	ADJ
ajfa-835	40	18	investors	investor	NOUN
ajfa-835	40	19	post	post	VERB
ajfa-835	40	20	inclusion	inclusion	NOUN
ajfa-835	40	21	or	or	CCONJ
ajfa-835	40	22	due	due	ADJ
ajfa-835	40	23	to	to	ADP
ajfa-835	40	24	fundamental	fundamental	ADJ
ajfa-835	40	25	reasons	reason	NOUN
ajfa-835	40	26	.	.	PUNCT
ajfa-835	41	1	this	this	DET
ajfa-835	41	2	study	study	NOUN
ajfa-835	41	3	enters	enter	VERB
ajfa-835	41	4	the	the	DET
ajfa-835	41	5	debate	debate	NOUN
ajfa-835	41	6	by	by	ADP
ajfa-835	41	7	positing	posit	VERB
ajfa-835	41	8	that	that	SCONJ
ajfa-835	41	9	the	the	DET
ajfa-835	41	10	nifty	nifty	ADJ
ajfa-835	41	11	index	index	NOUN
ajfa-835	41	12	additions	addition	NOUN
ajfa-835	41	13	might	might	AUX
ajfa-835	41	14	be	be	AUX
ajfa-835	41	15	accompanied	accompany	VERB
ajfa-835	41	16	by	by	ADP
ajfa-835	41	17	increased	increase	VERB
ajfa-835	41	18	comovement	comovement	ADJ
ajfa-835	41	19	and	and	CCONJ
ajfa-835	41	20	fundamental	fundamental	ADJ
ajfa-835	41	21	explanations	explanation	NOUN
ajfa-835	41	22	like	like	ADP
ajfa-835	41	23	information	information	NOUN
ajfa-835	41	24	diffusion	diffusion	NOUN
ajfa-835	41	25	view	view	NOUN
ajfa-835	41	26	(	(	PUNCT
ajfa-835	41	27	barberis	barberis	PROPN
ajfa-835	41	28	et	et	PROPN
ajfa-835	41	29	al,2002	al,2002	NOUN
ajfa-835	41	30	)	)	PUNCT
ajfa-835	41	31	or	or	CCONJ
ajfa-835	41	32	the	the	DET
ajfa-835	41	33	non	non	ADJ
ajfa-835	41	34	-	-	ADJ
ajfa-835	41	35	synchronous	synchronous	ADJ
ajfa-835	41	36	trading	trading	NOUN
ajfa-835	41	37	hypothesis	hypothesis	NOUN
ajfa-835	41	38	(	(	PUNCT
ajfa-835	41	39	vijh	vijh	NOUN
ajfa-835	41	40	,	,	PUNCT
ajfa-835	41	41	1994	1994	NUM
ajfa-835	41	42	)	)	PUNCT
ajfa-835	41	43	might	might	AUX
ajfa-835	41	44	explain	explain	VERB
ajfa-835	41	45	the	the	DET
ajfa-835	41	46	increased	increase	VERB
ajfa-835	41	47	co	co	NOUN
ajfa-835	41	48	-	-	NOUN
ajfa-835	41	49	movement	movement	NOUN
ajfa-835	41	50	.	.	PUNCT
ajfa-835	42	1	this	this	DET
ajfa-835	42	2	study	study	NOUN
ajfa-835	42	3	contributes	contribute	VERB
ajfa-835	42	4	to	to	ADP
ajfa-835	42	5	ever	ever	ADV
ajfa-835	42	6	growing	grow	VERB
ajfa-835	42	7	index	index	NOUN
ajfa-835	42	8	addition	addition	NOUN
ajfa-835	42	9	literature	literature	NOUN
ajfa-835	42	10	by	by	ADP
ajfa-835	42	11	studying	study	VERB
ajfa-835	42	12	the	the	DET
ajfa-835	42	13	co	co	NOUN
ajfa-835	42	14	-	-	NOUN
ajfa-835	42	15	movement	movement	NOUN
ajfa-835	42	16	between	between	ADP
ajfa-835	42	17	the	the	DET
ajfa-835	42	18	added	add	VERB
ajfa-835	42	19	(	(	PUNCT
ajfa-835	42	20	deleted	delete	VERB
ajfa-835	42	21	)	)	PUNCT
ajfa-835	42	22	stocks	stock	NOUN
ajfa-835	42	23	and	and	CCONJ
ajfa-835	42	24	the	the	DET
ajfa-835	42	25	nifty	nifty	ADJ
ajfa-835	42	26	market	market	NOUN
ajfa-835	42	27	index	index	NOUN
ajfa-835	42	28	following	follow	VERB
ajfa-835	42	29	addition	addition	NOUN
ajfa-835	42	30	(	(	PUNCT
ajfa-835	42	31	deletion	deletion	NOUN
ajfa-835	42	32	)	)	PUNCT
ajfa-835	42	33	to	to	ADP
ajfa-835	42	34	(	(	PUNCT
ajfa-835	42	35	from	from	ADP
ajfa-835	42	36	)	)	PUNCT
ajfa-835	42	37	the	the	DET
ajfa-835	42	38	nifty	nifty	ADJ
ajfa-835	42	39	market	market	NOUN
ajfa-835	42	40	index	index	NOUN
ajfa-835	42	41	in	in	ADP
ajfa-835	42	42	the	the	DET
ajfa-835	42	43	indian	indian	ADJ
ajfa-835	42	44	stock	stock	NOUN
ajfa-835	42	45	market	market	NOUN
ajfa-835	42	46	.	.	PUNCT
ajfa-835	43	1	the	the	DET
ajfa-835	43	2	second	second	ADJ
ajfa-835	43	3	section	section	NOUN
ajfa-835	43	4	details	detail	VERB
ajfa-835	43	5	the	the	DET
ajfa-835	43	6	existing	exist	VERB
ajfa-835	43	7	literature	literature	NOUN
ajfa-835	43	8	.	.	PUNCT
ajfa-835	44	1	the	the	DET
ajfa-835	44	2	third	third	ADJ
ajfa-835	44	3	section	section	NOUN
ajfa-835	44	4	details	detail	VERB
ajfa-835	44	5	the	the	DET
ajfa-835	44	6	nifty	nifty	ADJ
ajfa-835	44	7	index	index	NOUN
ajfa-835	44	8	selection	selection	NOUN
ajfa-835	44	9	,	,	PUNCT
ajfa-835	44	10	methodology	methodology	NOUN
ajfa-835	44	11	and	and	CCONJ
ajfa-835	44	12	data	datum	NOUN
ajfa-835	44	13	.	.	PUNCT
ajfa-835	45	1	the	the	DET
ajfa-835	45	2	fourth	fourth	ADJ
ajfa-835	45	3	section	section	NOUN
ajfa-835	45	4	reports	report	NOUN
ajfa-835	45	5	and	and	CCONJ
ajfa-835	45	6	analyses	analyse	VERB
ajfa-835	45	7	the	the	DET
ajfa-835	45	8	findings	finding	NOUN
ajfa-835	45	9	and	and	CCONJ
ajfa-835	45	10	the	the	DET
ajfa-835	45	11	fifth	fifth	ADJ
ajfa-835	45	12	section	section	NOUN
ajfa-835	45	13	concludes	conclude	VERB
ajfa-835	45	14	.	.	PUNCT
ajfa-835	46	1	2	2	X
ajfa-835	46	2	.	.	X
ajfa-835	46	3	review	review	NOUN
ajfa-835	46	4	of	of	ADP
ajfa-835	46	5	literature	literature	NOUN
ajfa-835	46	6	2.1	2.1	NUM
ajfa-835	46	7	theories	theory	NOUN
ajfa-835	46	8	of	of	ADP
ajfa-835	46	9	co	co	NOUN
ajfa-835	46	10	-	-	NOUN
ajfa-835	46	11	movement	movement	NOUN
ajfa-835	46	12	the	the	DET
ajfa-835	46	13	explanations	explanation	NOUN
ajfa-835	46	14	for	for	ADP
ajfa-835	46	15	increased	increase	VERB
ajfa-835	46	16	co	co	NOUN
ajfa-835	46	17	-	-	NOUN
ajfa-835	46	18	movement	movement	ADJ
ajfa-835	46	19	post	post	NOUN
ajfa-835	46	20	index	index	NOUN
ajfa-835	46	21	additions	addition	NOUN
ajfa-835	46	22	have	have	AUX
ajfa-835	46	23	revolved	revolve	VERB
ajfa-835	46	24	around	around	ADP
ajfa-835	46	25	two	two	NUM
ajfa-835	46	26	groups	group	NOUN
ajfa-835	46	27	of	of	ADP
ajfa-835	46	28	explanations	explanation	NOUN
ajfa-835	46	29	namely	namely	ADV
ajfa-835	46	30	;	;	PUNCT
ajfa-835	46	31	while	while	SCONJ
ajfa-835	46	32	vijh	vijh	NOUN
ajfa-835	46	33	(	(	PUNCT
ajfa-835	46	34	1994	1994	NUM
ajfa-835	46	35	)	)	PUNCT
ajfa-835	46	36	discriminated	discriminate	VERB
ajfa-835	46	37	between	between	ADP
ajfa-835	46	38	the	the	DET
ajfa-835	46	39	price	price	NOUN
ajfa-835	46	40	pressure	pressure	NOUN
ajfa-835	46	41	3please	3please	PROPN
ajfa-835	46	42	see	see	VERB
ajfa-835	46	43	http://nse-india.com/archives/us/ismr/us_ismr2009.htm	http://nse-india.com/archives/us/ismr/us_ismr2009.htm	NOUN
ajfa-835	46	44	for	for	ADP
ajfa-835	46	45	more	more	ADJ
ajfa-835	46	46	details	detail	NOUN
ajfa-835	46	47	.	.	PUNCT
ajfa-835	47	1	4	4	NUM
ajfa-835	47	2	chakrabarti(2002	chakrabarti(2002	NOUN
ajfa-835	47	3	)	)	PUNCT
ajfa-835	47	4	and	and	CCONJ
ajfa-835	47	5	hacibedel(2008	hacibedel(2008	NOUN
ajfa-835	47	6	)	)	PUNCT
ajfa-835	47	7	have	have	AUX
ajfa-835	47	8	discussed	discuss	VERB
ajfa-835	47	9	the	the	DET
ajfa-835	47	10	differences	difference	NOUN
ajfa-835	47	11	between	between	ADP
ajfa-835	47	12	developed	develop	VERB
ajfa-835	47	13	and	and	CCONJ
ajfa-835	47	14	emerging	emerge	VERB
ajfa-835	47	15	markets	market	NOUN
ajfa-835	47	16	extensively	extensively	ADV
ajfa-835	47	17	.	.	PUNCT
ajfa-835	48	1	asian	asian	ADJ
ajfa-835	48	2	journal	journal	PROPN
ajfa-835	48	3	of	of	ADP
ajfa-835	48	4	finance	finance	PROPN
ajfa-835	48	5	&	&	CCONJ
ajfa-835	48	6	accounting	accounting	PROPN
ajfa-835	48	7	issn	issn	PROPN
ajfa-835	48	8	1946	1946	NUM
ajfa-835	48	9	-	-	PUNCT
ajfa-835	48	10	052x	052x	NOUN
ajfa-835	48	11	2011	2011	NUM
ajfa-835	48	12	,	,	PUNCT
ajfa-835	48	13	vol	vol	NOUN
ajfa-835	48	14	.	.	PROPN
ajfa-835	49	1	3	3	NUM
ajfa-835	49	2	,	,	PUNCT
ajfa-835	49	3	no	no	INTJ
ajfa-835	49	4	.	.	NOUN
ajfa-835	49	5	1	1	NUM
ajfa-835	49	6	:	:	PUNCT
ajfa-835	49	7	e12	e12	VERB
ajfa-835	49	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	49	9	188	188	NUM
ajfa-835	49	10	hypothesis	hypothesis	NOUN
ajfa-835	49	11	and	and	CCONJ
ajfa-835	49	12	non	non	ADJ
ajfa-835	49	13	-	-	ADJ
ajfa-835	49	14	synchronous	synchronous	ADJ
ajfa-835	49	15	trading	trading	NOUN
ajfa-835	49	16	hypothesis	hypothesis	NOUN
ajfa-835	49	17	as	as	ADP
ajfa-835	49	18	the	the	DET
ajfa-835	49	19	explanations	explanation	NOUN
ajfa-835	49	20	for	for	ADP
ajfa-835	49	21	co	co	NOUN
ajfa-835	49	22	-	-	NOUN
ajfa-835	49	23	movement	movement	NOUN
ajfa-835	49	24	subsequent	subsequent	ADJ
ajfa-835	49	25	to	to	ADP
ajfa-835	49	26	index	index	NOUN
ajfa-835	49	27	changes	change	NOUN
ajfa-835	49	28	,	,	PUNCT
ajfa-835	49	29	barberis	barberis	PROPN
ajfa-835	49	30	et	et	PROPN
ajfa-835	49	31	al	al	PROPN
ajfa-835	49	32	(	(	PUNCT
ajfa-835	49	33	2002	2002	NUM
ajfa-835	49	34	)	)	PUNCT
ajfa-835	49	35	discriminated	discriminate	VERB
ajfa-835	49	36	between	between	ADP
ajfa-835	49	37	the	the	DET
ajfa-835	49	38	three	three	NUM
ajfa-835	49	39	co	co	NOUN
ajfa-835	49	40	-	-	NOUN
ajfa-835	49	41	movement	movement	ADJ
ajfa-835	49	42	views	view	NOUN
ajfa-835	49	43	,	,	PUNCT
ajfa-835	49	44	namely	namely	ADV
ajfa-835	49	45	category	category	NOUN
ajfa-835	49	46	view	view	NOUN
ajfa-835	49	47	,	,	PUNCT
ajfa-835	49	48	habitat	habitat	ADJ
ajfa-835	49	49	view	view	NOUN
ajfa-835	49	50	and	and	CCONJ
ajfa-835	49	51	finally	finally	ADV
ajfa-835	49	52	the	the	DET
ajfa-835	49	53	information	information	NOUN
ajfa-835	49	54	diffusion	diffusion	NOUN
ajfa-835	49	55	or	or	CCONJ
ajfa-835	49	56	fundamental	fundamental	ADJ
ajfa-835	49	57	view	view	NOUN
ajfa-835	49	58	.	.	PUNCT
ajfa-835	50	1	according	accord	VERB
ajfa-835	50	2	to	to	ADP
ajfa-835	50	3	the	the	DET
ajfa-835	50	4	price	price	NOUN
ajfa-835	50	5	pressure	pressure	NOUN
ajfa-835	50	6	hypothesis	hypothesis	NOUN
ajfa-835	50	7	,	,	PUNCT
ajfa-835	50	8	large	large	ADJ
ajfa-835	50	9	trading	trading	NOUN
ajfa-835	50	10	volume	volume	NOUN
ajfa-835	50	11	in	in	ADP
ajfa-835	50	12	premier	premier	ADJ
ajfa-835	50	13	index	index	NOUN
ajfa-835	50	14	stocks	stock	NOUN
ajfa-835	50	15	like	like	ADP
ajfa-835	50	16	the	the	DET
ajfa-835	50	17	nifty	nifty	ADJ
ajfa-835	50	18	stocks	stock	NOUN
ajfa-835	50	19	would	would	AUX
ajfa-835	50	20	cause	cause	VERB
ajfa-835	50	21	price	price	NOUN
ajfa-835	50	22	pressures	pressure	NOUN
ajfa-835	50	23	because	because	SCONJ
ajfa-835	50	24	of	of	ADP
ajfa-835	50	25	short	short	ADJ
ajfa-835	50	26	term	term	NOUN
ajfa-835	50	27	demand	demand	NOUN
ajfa-835	50	28	-	-	PUNCT
ajfa-835	50	29	supply	supply	NOUN
ajfa-835	50	30	considerations	consideration	NOUN
ajfa-835	50	31	.	.	PUNCT
ajfa-835	51	1	this	this	PRON
ajfa-835	51	2	may	may	AUX
ajfa-835	51	3	be	be	AUX
ajfa-835	51	4	due	due	ADJ
ajfa-835	51	5	to	to	ADP
ajfa-835	51	6	the	the	DET
ajfa-835	51	7	fact	fact	NOUN
ajfa-835	51	8	that	that	SCONJ
ajfa-835	51	9	someday	someday	ADV
ajfa-835	51	10	‘	'	PUNCT
ajfa-835	51	11	buy	buy	VERB
ajfa-835	51	12	’	'	PUNCT
ajfa-835	51	13	orders	order	NOUN
ajfa-835	51	14	may	may	AUX
ajfa-835	51	15	dominate	dominate	VERB
ajfa-835	51	16	and	and	CCONJ
ajfa-835	51	17	on	on	ADP
ajfa-835	51	18	other	other	ADJ
ajfa-835	51	19	days	day	NOUN
ajfa-835	51	20	‘	'	PUNCT
ajfa-835	51	21	sell	sell	VERB
ajfa-835	51	22	’	'	PUNCT
ajfa-835	51	23	orders	order	NOUN
ajfa-835	51	24	might	might	AUX
ajfa-835	51	25	dominate	dominate	VERB
ajfa-835	51	26	.	.	PUNCT
ajfa-835	52	1	this	this	PRON
ajfa-835	52	2	also	also	ADV
ajfa-835	52	3	may	may	AUX
ajfa-835	52	4	be	be	AUX
ajfa-835	52	5	caused	cause	VERB
ajfa-835	52	6	by	by	ADP
ajfa-835	52	7	large	large	ADJ
ajfa-835	52	8	trades	trade	NOUN
ajfa-835	52	9	based	base	VERB
ajfa-835	52	10	on	on	ADP
ajfa-835	52	11	investment	investment	NOUN
ajfa-835	52	12	strategies	strategy	NOUN
ajfa-835	52	13	following	follow	VERB
ajfa-835	52	14	index	index	NOUN
ajfa-835	52	15	changes	change	NOUN
ajfa-835	52	16	etc	etc	X
ajfa-835	52	17	.	.	X
ajfa-835	53	1	according	accord	VERB
ajfa-835	53	2	to	to	ADP
ajfa-835	53	3	mitchel	mitchel	PROPN
ajfa-835	53	4	et	et	PROPN
ajfa-835	53	5	al	al	PROPN
ajfa-835	53	6	(	(	PUNCT
ajfa-835	53	7	2004	2004	NUM
ajfa-835	53	8	)	)	PUNCT
ajfa-835	53	9	,	,	PUNCT
ajfa-835	53	10	the	the	DET
ajfa-835	53	11	price	price	NOUN
ajfa-835	53	12	pressure	pressure	NOUN
ajfa-835	53	13	hypothesis	hypothesis	NOUN
ajfa-835	53	14	contends	contend	VERB
ajfa-835	53	15	that	that	SCONJ
ajfa-835	53	16	prices	price	NOUN
ajfa-835	53	17	will	will	AUX
ajfa-835	53	18	temporarily	temporarily	ADV
ajfa-835	53	19	move	move	VERB
ajfa-835	53	20	away	away	ADV
ajfa-835	53	21	from	from	ADP
ajfa-835	53	22	their	their	PRON
ajfa-835	53	23	intrinsic	intrinsic	ADJ
ajfa-835	53	24	values	value	NOUN
ajfa-835	53	25	with	with	ADP
ajfa-835	53	26	uninformed	uninformed	ADJ
ajfa-835	53	27	shifts	shift	NOUN
ajfa-835	53	28	in	in	ADP
ajfa-835	53	29	order	order	NOUN
ajfa-835	53	30	to	to	PART
ajfa-835	53	31	compensate	compensate	VERB
ajfa-835	53	32	the	the	DET
ajfa-835	53	33	liquidity	liquidity	NOUN
ajfa-835	53	34	providers	provider	NOUN
ajfa-835	53	35	.	.	PUNCT
ajfa-835	54	1	according	accord	VERB
ajfa-835	54	2	to	to	ADP
ajfa-835	54	3	harris	harris	PROPN
ajfa-835	54	4	and	and	CCONJ
ajfa-835	54	5	gurel	gurel	PROPN
ajfa-835	54	6	(	(	PUNCT
ajfa-835	54	7	1986	1986	NUM
ajfa-835	54	8	)	)	PUNCT
ajfa-835	54	9	,	,	PUNCT
ajfa-835	54	10	the	the	DET
ajfa-835	54	11	price	price	NOUN
ajfa-835	54	12	pressure	pressure	NOUN
ajfa-835	54	13	hypothesis	hypothesis	NOUN
ajfa-835	54	14	assumes	assume	VERB
ajfa-835	54	15	that	that	SCONJ
ajfa-835	54	16	investors	investor	NOUN
ajfa-835	54	17	who	who	PRON
ajfa-835	54	18	accommodate	accommodate	VERB
ajfa-835	54	19	demand	demand	NOUN
ajfa-835	54	20	shifts	shift	NOUN
ajfa-835	54	21	should	should	AUX
ajfa-835	54	22	be	be	AUX
ajfa-835	54	23	compensated	compensate	VERB
ajfa-835	54	24	for	for	ADP
ajfa-835	54	25	the	the	DET
ajfa-835	54	26	transaction	transaction	NOUN
ajfa-835	54	27	cost	cost	NOUN
ajfa-835	54	28	and	and	CCONJ
ajfa-835	54	29	the	the	DET
ajfa-835	54	30	portfolio	portfolio	NOUN
ajfa-835	54	31	risk	risk	NOUN
ajfa-835	54	32	they	they	PRON
ajfa-835	54	33	bear	bear	VERB
ajfa-835	54	34	when	when	SCONJ
ajfa-835	54	35	they	they	PRON
ajfa-835	54	36	agree	agree	VERB
ajfa-835	54	37	to	to	PART
ajfa-835	54	38	buy	buy	VERB
ajfa-835	54	39	or	or	CCONJ
ajfa-835	54	40	sell	sell	VERB
ajfa-835	54	41	stocks	stock	NOUN
ajfa-835	54	42	which	which	PRON
ajfa-835	54	43	otherwise	otherwise	ADV
ajfa-835	54	44	they	they	PRON
ajfa-835	54	45	would	would	AUX
ajfa-835	54	46	not	not	PART
ajfa-835	54	47	trade	trade	VERB
ajfa-835	54	48	.	.	PUNCT
ajfa-835	55	1	the	the	DET
ajfa-835	55	2	suppliers	supplier	NOUN
ajfa-835	55	3	of	of	ADP
ajfa-835	55	4	liquidity	liquidity	NOUN
ajfa-835	55	5	are	be	AUX
ajfa-835	55	6	compensated	compensate	VERB
ajfa-835	55	7	by	by	ADP
ajfa-835	55	8	immediate	immediate	ADJ
ajfa-835	55	9	price	price	NOUN
ajfa-835	55	10	drops	drop	NOUN
ajfa-835	55	11	(	(	PUNCT
ajfa-835	55	12	increases	increase	NOUN
ajfa-835	55	13	)	)	PUNCT
ajfa-835	55	14	with	with	ADP
ajfa-835	55	15	large	large	ADJ
ajfa-835	55	16	sales	sale	NOUN
ajfa-835	55	17	(	(	PUNCT
ajfa-835	55	18	purchases	purchase	NOUN
ajfa-835	55	19	)	)	PUNCT
ajfa-835	55	20	.	.	PUNCT
ajfa-835	56	1	the	the	DET
ajfa-835	56	2	index	index	NOUN
ajfa-835	56	3	funds	fund	NOUN
ajfa-835	56	4	and	and	CCONJ
ajfa-835	56	5	other	other	ADJ
ajfa-835	56	6	institutional	institutional	ADJ
ajfa-835	56	7	investors	investor	NOUN
ajfa-835	56	8	have	have	VERB
ajfa-835	56	9	to	to	PART
ajfa-835	56	10	rebalance	rebalance	VERB
ajfa-835	56	11	their	their	PRON
ajfa-835	56	12	portfolios	portfolio	NOUN
ajfa-835	56	13	immediately	immediately	ADV
ajfa-835	56	14	following	follow	VERB
ajfa-835	56	15	the	the	DET
ajfa-835	56	16	effective	effective	ADJ
ajfa-835	56	17	date	date	NOUN
ajfa-835	56	18	of	of	ADP
ajfa-835	56	19	index	index	NOUN
ajfa-835	56	20	changes	change	NOUN
ajfa-835	56	21	due	due	ADJ
ajfa-835	56	22	to	to	ADP
ajfa-835	56	23	tracking	track	VERB
ajfa-835	56	24	error	error	NOUN
ajfa-835	56	25	.	.	PUNCT
ajfa-835	57	1	vijh	vijh	NOUN
ajfa-835	57	2	(	(	PUNCT
ajfa-835	57	3	1991	1991	NUM
ajfa-835	57	4	)	)	PUNCT
ajfa-835	57	5	opines	opine	VERB
ajfa-835	57	6	that	that	SCONJ
ajfa-835	57	7	price	price	NOUN
ajfa-835	57	8	pressure	pressure	NOUN
ajfa-835	57	9	might	might	AUX
ajfa-835	57	10	overstate	overstate	VERB
ajfa-835	57	11	nifty	nifty	ADJ
ajfa-835	57	12	stock	stock	NOUN
ajfa-835	57	13	betas	beta	NOUN
ajfa-835	57	14	and	and	CCONJ
ajfa-835	57	15	understate	understate	VERB
ajfa-835	57	16	non	non	ADJ
ajfa-835	57	17	-	-	ADJ
ajfa-835	57	18	nifty	nifty	ADJ
ajfa-835	57	19	stock	stock	NOUN
ajfa-835	57	20	betas	beta	NOUN
ajfa-835	57	21	.	.	PUNCT
ajfa-835	58	1	parthasarathy	parthasarathy	PROPN
ajfa-835	58	2	(	(	PUNCT
ajfa-835	58	3	2010	2010	NUM
ajfa-835	58	4	)	)	PUNCT
ajfa-835	58	5	evidenced	evidence	VERB
ajfa-835	58	6	that	that	SCONJ
ajfa-835	58	7	the	the	DET
ajfa-835	58	8	effect	effect	NOUN
ajfa-835	58	9	of	of	ADP
ajfa-835	58	10	price	price	NOUN
ajfa-835	58	11	pressure	pressure	NOUN
ajfa-835	58	12	is	be	AUX
ajfa-835	58	13	very	very	ADV
ajfa-835	58	14	limited	limited	ADJ
ajfa-835	58	15	at	at	ADP
ajfa-835	58	16	best	well	ADV
ajfa-835	58	17	based	base	VERB
ajfa-835	58	18	on	on	ADP
ajfa-835	58	19	the	the	DET
ajfa-835	58	20	price	price	NOUN
ajfa-835	58	21	and	and	CCONJ
ajfa-835	58	22	volume	volume	NOUN
ajfa-835	58	23	effects	effect	NOUN
ajfa-835	58	24	following	follow	VERB
ajfa-835	58	25	nifty	nifty	ADJ
ajfa-835	58	26	index	index	NOUN
ajfa-835	58	27	additions	addition	NOUN
ajfa-835	58	28	in	in	ADP
ajfa-835	58	29	the	the	DET
ajfa-835	58	30	indian	indian	ADJ
ajfa-835	58	31	stock	stock	NOUN
ajfa-835	58	32	market	market	NOUN
ajfa-835	58	33	.	.	PUNCT
ajfa-835	59	1	scholes	schole	NOUN
ajfa-835	59	2	and	and	CCONJ
ajfa-835	59	3	williams	williams	PROPN
ajfa-835	59	4	(	(	PUNCT
ajfa-835	59	5	1977	1977	NUM
ajfa-835	59	6	)	)	PUNCT
ajfa-835	59	7	contended	contend	VERB
ajfa-835	59	8	that	that	SCONJ
ajfa-835	59	9	the	the	DET
ajfa-835	59	10	trading	trading	NOUN
ajfa-835	59	11	activity	activity	NOUN
ajfa-835	59	12	around	around	ADP
ajfa-835	59	13	index	index	NOUN
ajfa-835	59	14	addition	addition	NOUN
ajfa-835	59	15	might	might	AUX
ajfa-835	59	16	enable	enable	VERB
ajfa-835	59	17	investors	investor	NOUN
ajfa-835	59	18	to	to	PART
ajfa-835	59	19	trade	trade	VERB
ajfa-835	59	20	the	the	DET
ajfa-835	59	21	index	index	NOUN
ajfa-835	59	22	portfolio	portfolio	NOUN
ajfa-835	59	23	more	more	ADV
ajfa-835	59	24	efficiently	efficiently	ADV
ajfa-835	59	25	(	(	PUNCT
ajfa-835	59	26	non	non	ADJ
ajfa-835	59	27	-	-	ADJ
ajfa-835	59	28	synchronous	synchronous	ADJ
ajfa-835	59	29	properties	property	NOUN
ajfa-835	59	30	)	)	PUNCT
ajfa-835	59	31	.	.	PUNCT
ajfa-835	60	1	this	this	PRON
ajfa-835	60	2	enables	enable	VERB
ajfa-835	60	3	bench	bench	VERB
ajfa-835	60	4	mark	mark	NOUN
ajfa-835	60	5	index	index	NOUN
ajfa-835	60	6	stocks	stock	NOUN
ajfa-835	60	7	like	like	ADP
ajfa-835	60	8	the	the	DET
ajfa-835	60	9	nifty	nifty	ADJ
ajfa-835	60	10	index	index	NOUN
ajfa-835	60	11	stocks	stock	NOUN
ajfa-835	60	12	to	to	PART
ajfa-835	60	13	incorporate	incorporate	VERB
ajfa-835	60	14	market	market	NOUN
ajfa-835	60	15	wide	wide	ADJ
ajfa-835	60	16	information	information	NOUN
ajfa-835	60	17	immediately	immediately	ADV
ajfa-835	60	18	compared	compare	VERB
ajfa-835	60	19	to	to	ADP
ajfa-835	60	20	non	non	ADJ
ajfa-835	60	21	-	-	ADJ
ajfa-835	60	22	benchmark	benchmark	ADJ
ajfa-835	60	23	stocks	stock	NOUN
ajfa-835	60	24	which	which	PRON
ajfa-835	60	25	impound	impound	VERB
ajfa-835	60	26	information	information	NOUN
ajfa-835	60	27	with	with	ADP
ajfa-835	60	28	a	a	DET
ajfa-835	60	29	lag	lag	NOUN
ajfa-835	60	30	.	.	PUNCT
ajfa-835	61	1	the	the	DET
ajfa-835	61	2	study	study	NOUN
ajfa-835	61	3	shows	show	VERB
ajfa-835	61	4	that	that	SCONJ
ajfa-835	61	5	non	non	ADJ
ajfa-835	61	6	-	-	ADJ
ajfa-835	61	7	synchronous	synchronous	ADJ
ajfa-835	61	8	trading	trading	NOUN
ajfa-835	61	9	also	also	ADV
ajfa-835	61	10	biases	bias	VERB
ajfa-835	61	11	the	the	DET
ajfa-835	61	12	estimated	estimate	VERB
ajfa-835	61	13	stock	stock	NOUN
ajfa-835	61	14	betas	beta	NOUN
ajfa-835	61	15	.	.	PUNCT
ajfa-835	62	1	if	if	SCONJ
ajfa-835	62	2	the	the	DET
ajfa-835	62	3	changes	change	NOUN
ajfa-835	62	4	in	in	ADP
ajfa-835	62	5	co	co	NOUN
ajfa-835	62	6	-	-	NOUN
ajfa-835	62	7	movement	movement	NOUN
ajfa-835	62	8	are	be	AUX
ajfa-835	62	9	driven	drive	VERB
ajfa-835	62	10	by	by	ADP
ajfa-835	62	11	the	the	DET
ajfa-835	62	12	non	non	ADJ
ajfa-835	62	13	-	-	ADJ
ajfa-835	62	14	synchronous	synchronous	ADJ
ajfa-835	62	15	trading	trading	NOUN
ajfa-835	62	16	,	,	PUNCT
ajfa-835	62	17	beta	beta	ADJ
ajfa-835	62	18	increase	increase	NOUN
ajfa-835	62	19	should	should	AUX
ajfa-835	62	20	be	be	AUX
ajfa-835	62	21	evidenced	evidence	VERB
ajfa-835	62	22	only	only	ADV
ajfa-835	62	23	in	in	ADP
ajfa-835	62	24	the	the	DET
ajfa-835	62	25	stocks	stock	NOUN
ajfa-835	62	26	experiencing	experience	VERB
ajfa-835	62	27	increased	increase	VERB
ajfa-835	62	28	volume	volume	NOUN
ajfa-835	62	29	and	and	CCONJ
ajfa-835	62	30	not	not	PART
ajfa-835	62	31	for	for	ADP
ajfa-835	62	32	the	the	DET
ajfa-835	62	33	stocks	stock	NOUN
ajfa-835	62	34	that	that	PRON
ajfa-835	62	35	did	do	AUX
ajfa-835	62	36	not	not	PART
ajfa-835	62	37	experience	experience	VERB
ajfa-835	62	38	volume	volume	NOUN
ajfa-835	62	39	increase	increase	NOUN
ajfa-835	62	40	.	.	PUNCT
ajfa-835	63	1	however	however	ADV
ajfa-835	63	2	,	,	PUNCT
ajfa-835	63	3	according	accord	VERB
ajfa-835	63	4	to	to	ADP
ajfa-835	63	5	the	the	DET
ajfa-835	63	6	price	price	NOUN
ajfa-835	63	7	pressure	pressure	NOUN
ajfa-835	63	8	all	all	DET
ajfa-835	63	9	the	the	DET
ajfa-835	63	10	added	add	VERB
ajfa-835	63	11	stocks	stock	NOUN
ajfa-835	63	12	would	would	AUX
ajfa-835	63	13	experience	experience	VERB
ajfa-835	63	14	beta	beta	ADJ
ajfa-835	63	15	increase	increase	NOUN
ajfa-835	63	16	irrespective	irrespective	ADV
ajfa-835	63	17	of	of	ADP
ajfa-835	63	18	the	the	DET
ajfa-835	63	19	post	post	NOUN
ajfa-835	63	20	inclusion	inclusion	NOUN
ajfa-835	63	21	volume	volume	NOUN
ajfa-835	63	22	.	.	PUNCT
ajfa-835	64	1	barberis	barberis	PROPN
ajfa-835	64	2	et	et	PROPN
ajfa-835	64	3	al	al	PROPN
ajfa-835	64	4	(	(	PUNCT
ajfa-835	64	5	2002	2002	NUM
ajfa-835	64	6	)	)	PUNCT
ajfa-835	64	7	discriminated	discriminate	VERB
ajfa-835	64	8	between	between	ADP
ajfa-835	64	9	the	the	DET
ajfa-835	64	10	three	three	NUM
ajfa-835	64	11	co	co	NOUN
ajfa-835	64	12	-	-	NOUN
ajfa-835	64	13	movement	movement	ADJ
ajfa-835	64	14	views	view	NOUN
ajfa-835	64	15	,	,	PUNCT
ajfa-835	64	16	namely	namely	ADV
ajfa-835	64	17	category	category	NOUN
ajfa-835	64	18	view	view	NOUN
ajfa-835	64	19	,	,	PUNCT
ajfa-835	64	20	habitat	habitat	ADJ
ajfa-835	64	21	view	view	NOUN
ajfa-835	64	22	and	and	CCONJ
ajfa-835	64	23	finally	finally	ADV
ajfa-835	64	24	the	the	DET
ajfa-835	64	25	information	information	NOUN
ajfa-835	64	26	diffusion	diffusion	NOUN
ajfa-835	64	27	or	or	CCONJ
ajfa-835	64	28	fundamental	fundamental	ADJ
ajfa-835	64	29	view	view	NOUN
ajfa-835	64	30	.	.	PUNCT
ajfa-835	65	1	in	in	ADP
ajfa-835	65	2	the	the	DET
ajfa-835	65	3	category	category	NOUN
ajfa-835	65	4	view	view	NOUN
ajfa-835	65	5	,	,	PUNCT
ajfa-835	65	6	the	the	DET
ajfa-835	65	7	investor	investor	NOUN
ajfa-835	65	8	’s	’s	ADV
ajfa-835	65	9	,	,	PUNCT
ajfa-835	65	10	like	like	ADP
ajfa-835	65	11	index	index	NOUN
ajfa-835	65	12	traders	trader	NOUN
ajfa-835	65	13	,	,	PUNCT
ajfa-835	65	14	group	group	NOUN
ajfa-835	65	15	assets	asset	NOUN
ajfa-835	65	16	or	or	CCONJ
ajfa-835	65	17	stocks	stock	NOUN
ajfa-835	65	18	into	into	ADP
ajfa-835	65	19	categories	category	NOUN
ajfa-835	65	20	and	and	CCONJ
ajfa-835	65	21	when	when	SCONJ
ajfa-835	65	22	they	they	PRON
ajfa-835	65	23	move	move	VERB
ajfa-835	65	24	from	from	ADP
ajfa-835	65	25	one	one	NUM
ajfa-835	65	26	category	category	NOUN
ajfa-835	65	27	to	to	ADP
ajfa-835	65	28	another	another	PRON
ajfa-835	65	29	,	,	PUNCT
ajfa-835	65	30	co	co	NOUN
ajfa-835	65	31	-	-	NOUN
ajfa-835	65	32	movement	movement	NOUN
ajfa-835	65	33	is	be	AUX
ajfa-835	65	34	generated	generate	VERB
ajfa-835	65	35	between	between	ADP
ajfa-835	65	36	assets	asset	NOUN
ajfa-835	65	37	in	in	ADP
ajfa-835	65	38	the	the	DET
ajfa-835	65	39	same	same	ADJ
ajfa-835	65	40	category	category	NOUN
ajfa-835	65	41	.	.	PUNCT
ajfa-835	66	1	the	the	DET
ajfa-835	66	2	idea	idea	NOUN
ajfa-835	66	3	is	be	AUX
ajfa-835	66	4	that	that	SCONJ
ajfa-835	66	5	investors	investor	NOUN
ajfa-835	66	6	choose	choose	VERB
ajfa-835	66	7	to	to	ADP
ajfa-835	66	8	asset	asset	NOUN
ajfa-835	66	9	allocation	allocation	NOUN
ajfa-835	66	10	rather	rather	ADV
ajfa-835	66	11	than	than	ADP
ajfa-835	66	12	security	security	NOUN
ajfa-835	66	13	analysis	analysis	NOUN
ajfa-835	66	14	and	and	CCONJ
ajfa-835	66	15	hence	hence	ADV
ajfa-835	66	16	choose	choose	VERB
ajfa-835	66	17	the	the	DET
ajfa-835	66	18	category	category	NOUN
ajfa-835	66	19	like	like	ADP
ajfa-835	66	20	the	the	DET
ajfa-835	66	21	index	index	NOUN
ajfa-835	66	22	funds	fund	NOUN
ajfa-835	66	23	rather	rather	ADV
ajfa-835	66	24	than	than	ADP
ajfa-835	66	25	the	the	DET
ajfa-835	66	26	individual	individual	ADJ
ajfa-835	66	27	stocks	stock	NOUN
ajfa-835	66	28	.	.	PUNCT
ajfa-835	67	1	the	the	DET
ajfa-835	67	2	implication	implication	NOUN
ajfa-835	67	3	is	be	AUX
ajfa-835	67	4	that	that	SCONJ
ajfa-835	67	5	the	the	DET
ajfa-835	67	6	correlation	correlation	NOUN
ajfa-835	67	7	among	among	ADP
ajfa-835	67	8	stocks	stock	NOUN
ajfa-835	67	9	is	be	AUX
ajfa-835	67	10	due	due	ADJ
ajfa-835	67	11	to	to	ADP
ajfa-835	67	12	investor	investor	NOUN
ajfa-835	67	13	actions	action	NOUN
ajfa-835	67	14	and	and	CCONJ
ajfa-835	67	15	not	not	PART
ajfa-835	67	16	due	due	ADP
ajfa-835	67	17	to	to	ADP
ajfa-835	67	18	fundamental	fundamental	ADJ
ajfa-835	67	19	reasons	reason	NOUN
ajfa-835	67	20	.	.	PUNCT
ajfa-835	68	1	similar	similar	ADJ
ajfa-835	68	2	explanation	explanation	NOUN
ajfa-835	68	3	is	be	AUX
ajfa-835	68	4	the	the	DET
ajfa-835	68	5	habitat	habitat	ADJ
ajfa-835	68	6	view	view	NOUN
ajfa-835	68	7	in	in	ADP
ajfa-835	68	8	which	which	PRON
ajfa-835	68	9	a	a	DET
ajfa-835	68	10	group	group	NOUN
ajfa-835	68	11	of	of	ADP
ajfa-835	68	12	investors	investor	NOUN
ajfa-835	68	13	for	for	ADP
ajfa-835	68	14	various	various	ADJ
ajfa-835	68	15	reasons	reason	NOUN
ajfa-835	68	16	choose	choose	VERB
ajfa-835	68	17	to	to	PART
ajfa-835	68	18	trade	trade	VERB
ajfa-835	68	19	only	only	ADV
ajfa-835	68	20	in	in	ADP
ajfa-835	68	21	a	a	DET
ajfa-835	68	22	subset	subset	NOUN
ajfa-835	68	23	of	of	ADP
ajfa-835	68	24	assets	asset	NOUN
ajfa-835	68	25	and	and	CCONJ
ajfa-835	68	26	move	move	VERB
ajfa-835	68	27	in	in	ADV
ajfa-835	68	28	and	and	CCONJ
ajfa-835	68	29	move	move	VERB
ajfa-835	68	30	out	out	ADP
ajfa-835	68	31	of	of	ADP
ajfa-835	68	32	them	they	PRON
ajfa-835	68	33	together	together	ADV
ajfa-835	68	34	due	due	ADP
ajfa-835	68	35	to	to	ADP
ajfa-835	68	36	transaction	transaction	NOUN
ajfa-835	68	37	costs	cost	NOUN
ajfa-835	68	38	,	,	PUNCT
ajfa-835	68	39	trading	trading	NOUN
ajfa-835	68	40	restrictions	restriction	NOUN
ajfa-835	68	41	or	or	CCONJ
ajfa-835	68	42	lack	lack	NOUN
ajfa-835	68	43	of	of	ADP
ajfa-835	68	44	information	information	NOUN
ajfa-835	68	45	.	.	PUNCT
ajfa-835	69	1	the	the	DET
ajfa-835	69	2	above	above	ADJ
ajfa-835	69	3	views	view	NOUN
ajfa-835	69	4	posit	posit	VERB
ajfa-835	69	5	that	that	SCONJ
ajfa-835	69	6	the	the	DET
ajfa-835	69	7	increased	increase	VERB
ajfa-835	69	8	co	co	NOUN
ajfa-835	69	9	-	-	NOUN
ajfa-835	69	10	movement	movement	NOUN
ajfa-835	69	11	is	be	AUX
ajfa-835	69	12	due	due	ADJ
ajfa-835	69	13	to	to	ADP
ajfa-835	69	14	trading	trading	NOUN
ajfa-835	69	15	actions	action	NOUN
ajfa-835	69	16	of	of	ADP
ajfa-835	69	17	the	the	DET
ajfa-835	69	18	index	index	NOUN
ajfa-835	69	19	funds	fund	NOUN
ajfa-835	69	20	,	,	PUNCT
ajfa-835	69	21	co	co	NOUN
ajfa-835	69	22	-	-	NOUN
ajfa-835	69	23	movement	movement	NOUN
ajfa-835	69	24	is	be	AUX
ajfa-835	69	25	generated	generate	VERB
ajfa-835	69	26	.	.	PUNCT
ajfa-835	70	1	the	the	DET
ajfa-835	70	2	habitat	habitat	ADJ
ajfa-835	70	3	view	view	NOUN
ajfa-835	70	4	is	be	AUX
ajfa-835	70	5	based	base	VERB
ajfa-835	70	6	on	on	ADP
ajfa-835	70	7	the	the	DET
ajfa-835	70	8	segmented	segment	VERB
ajfa-835	70	9	market	market	NOUN
ajfa-835	70	10	approach	approach	NOUN
ajfa-835	70	11	.	.	PUNCT
ajfa-835	71	1	asian	asian	ADJ
ajfa-835	71	2	journal	journal	PROPN
ajfa-835	71	3	of	of	ADP
ajfa-835	71	4	finance	finance	PROPN
ajfa-835	71	5	&	&	CCONJ
ajfa-835	71	6	accounting	accounting	PROPN
ajfa-835	71	7	issn	issn	PROPN
ajfa-835	71	8	1946	1946	NUM
ajfa-835	71	9	-	-	PUNCT
ajfa-835	71	10	052x	052x	NOUN
ajfa-835	71	11	2011	2011	NUM
ajfa-835	71	12	,	,	PUNCT
ajfa-835	71	13	vol	vol	NOUN
ajfa-835	71	14	.	.	PROPN
ajfa-835	72	1	3	3	NUM
ajfa-835	72	2	,	,	PUNCT
ajfa-835	72	3	no	no	INTJ
ajfa-835	72	4	.	.	NOUN
ajfa-835	72	5	1	1	NUM
ajfa-835	72	6	:	:	PUNCT
ajfa-835	72	7	e12	e12	VERB
ajfa-835	72	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-835	72	9	189	189	NUM
ajfa-835	72	10	there	there	PRON
ajfa-835	72	11	are	be	VERB
ajfa-835	72	12	two	two	NUM
ajfa-835	72	13	implications	implication	NOUN
ajfa-835	72	14	of	of	ADP
ajfa-835	72	15	the	the	DET
ajfa-835	72	16	category	category	NOUN
ajfa-835	72	17	and	and	CCONJ
ajfa-835	72	18	habitat	habitat	NOUN
ajfa-835	72	19	views	view	NOUN
ajfa-835	72	20	;	;	PUNCT
ajfa-835	72	21	firstly	firstly	ADV
ajfa-835	72	22	,	,	PUNCT
ajfa-835	72	23	increased	increase	VERB
ajfa-835	72	24	co	co	NOUN
ajfa-835	72	25	-	-	NOUN
ajfa-835	72	26	movement	movement	NOUN
ajfa-835	72	27	in	in	ADP
ajfa-835	72	28	the	the	DET
ajfa-835	72	29	latest	late	ADJ
ajfa-835	72	30	period	period	NOUN
ajfa-835	72	31	along	along	ADP
ajfa-835	72	32	with	with	ADP
ajfa-835	72	33	the	the	DET
ajfa-835	72	34	growth	growth	NOUN
ajfa-835	72	35	of	of	ADP
ajfa-835	72	36	index	index	NOUN
ajfa-835	72	37	funds	fund	NOUN
ajfa-835	72	38	and	and	CCONJ
ajfa-835	72	39	secondly	secondly	ADV
ajfa-835	72	40	,	,	PUNCT
ajfa-835	72	41	symmetric	symmetric	ADJ
ajfa-835	72	42	response	response	NOUN
ajfa-835	72	43	to	to	ADP
ajfa-835	72	44	index	index	NOUN
ajfa-835	72	45	additions	addition	NOUN
ajfa-835	72	46	and	and	CCONJ
ajfa-835	72	47	deletions	deletion	NOUN
ajfa-835	72	48	with	with	ADP
ajfa-835	72	49	regard	regard	NOUN
ajfa-835	72	50	to	to	ADP
ajfa-835	72	51	co	co	NOUN
ajfa-835	72	52	-	-	NOUN
ajfa-835	72	53	movement	movement	NOUN
ajfa-835	72	54	.	.	PUNCT
ajfa-835	73	1	finally	finally	ADV
ajfa-835	73	2	the	the	DET
ajfa-835	73	3	information	information	NOUN
ajfa-835	73	4	view	view	NOUN
ajfa-835	73	5	relates	relate	VERB
ajfa-835	73	6	co	co	NOUN
ajfa-835	73	7	-	-	NOUN
ajfa-835	73	8	movement	movement	NOUN
ajfa-835	73	9	to	to	PART
ajfa-835	73	10	rapid	rapid	ADJ
ajfa-835	73	11	incorporation	incorporation	NOUN
ajfa-835	73	12	of	of	ADP
ajfa-835	73	13	information	information	NOUN
ajfa-835	73	14	in	in	ADP
ajfa-835	73	15	benchmark	benchmark	ADJ
ajfa-835	73	16	index	index	NOUN
ajfa-835	73	17	stocks	stock	NOUN
ajfa-835	73	18	compared	compare	VERB
ajfa-835	73	19	to	to	ADP
ajfa-835	73	20	other	other	ADJ
ajfa-835	73	21	stocks	stock	NOUN
ajfa-835	73	22	because	because	SCONJ
ajfa-835	73	23	of	of	ADP
ajfa-835	73	24	market	market	NOUN
ajfa-835	73	25	frictions	friction	NOUN
ajfa-835	73	26	.	.	PUNCT
ajfa-835	74	1	consequently	consequently	ADV
ajfa-835	74	2	the	the	DET
ajfa-835	74	3	stocks	stock	NOUN
ajfa-835	74	4	tend	tend	VERB
ajfa-835	74	5	to	to	PART
ajfa-835	74	6	co	co	VERB
ajfa-835	74	7	-	-	VERB
ajfa-835	74	8	move	move	VERB
ajfa-835	74	9	with	with	ADP
ajfa-835	74	10	the	the	DET
ajfa-835	74	11	index	index	NOUN
ajfa-835	74	12	.	.	PUNCT
ajfa-835	75	1	2.2	2.2	NUM
ajfa-835	75	2	empirical	empirical	ADJ
ajfa-835	75	3	literature	literature	NOUN
ajfa-835	75	4	the	the	DET
ajfa-835	75	5	existing	exist	VERB
ajfa-835	75	6	literature	literature	NOUN
ajfa-835	75	7	on	on	ADP
ajfa-835	75	8	co	co	NOUN
ajfa-835	75	9	-	-	NOUN
ajfa-835	75	10	movement	movement	NOUN
ajfa-835	75	11	between	between	ADP
ajfa-835	75	12	the	the	DET
ajfa-835	75	13	added	add	VERB
ajfa-835	75	14	stocks	stock	NOUN
ajfa-835	75	15	and	and	CCONJ
ajfa-835	75	16	the	the	DET
ajfa-835	75	17	market	market	NOUN
ajfa-835	75	18	index	index	NOUN
ajfa-835	75	19	following	follow	VERB
ajfa-835	75	20	addition	addition	NOUN
ajfa-835	75	21	to	to	ADP
ajfa-835	75	22	the	the	DET
ajfa-835	75	23	market	market	NOUN
ajfa-835	75	24	index	index	NOUN
ajfa-835	75	25	predominantly	predominantly	ADV
ajfa-835	75	26	deals	deal	VERB
ajfa-835	75	27	with	with	ADP
ajfa-835	75	28	developed	develop	VERB
ajfa-835	75	29	markets	market	NOUN
ajfa-835	75	30	.	.	PUNCT
ajfa-835	76	1	however	however	ADV
ajfa-835	76	2	there	there	PRON
ajfa-835	76	3	is	be	VERB
ajfa-835	76	4	some	some	DET
ajfa-835	76	5	literature	literature	NOUN
ajfa-835	76	6	regarding	regard	VERB
ajfa-835	76	7	co	co	NOUN
ajfa-835	76	8	-	-	NOUN
ajfa-835	76	9	movement	movement	NOUN
ajfa-835	76	10	and	and	CCONJ
ajfa-835	76	11	stock	stock	NOUN
ajfa-835	76	12	synchronicity	synchronicity	NOUN
ajfa-835	76	13	in	in	ADP
ajfa-835	76	14	the	the	DET
ajfa-835	76	15	emerging	emerge	VERB
ajfa-835	76	16	economies	economy	NOUN
ajfa-835	76	17	.	.	PUNCT
ajfa-835	77	1	the	the	DET
ajfa-835	77	2	literature	literature	NOUN
ajfa-835	77	3	on	on	ADP
ajfa-835	77	4	the	the	DET
ajfa-835	77	5	developed	develop	VERB
ajfa-835	77	6	economies	economy	NOUN
ajfa-835	77	7	is	be	AUX
ajfa-835	77	8	discussed	discuss	VERB
ajfa-835	77	9	first	first	ADV
ajfa-835	77	10	.	.	PUNCT
ajfa-835	78	1	vijh	vijh	NOUN
ajfa-835	78	2	(	(	PUNCT
ajfa-835	78	3	1994	1994	NUM
ajfa-835	78	4	)	)	PUNCT
ajfa-835	78	5	analysed	analyse	VERB
ajfa-835	78	6	329	329	NUM
ajfa-835	78	7	stocks	stock	NOUN
ajfa-835	78	8	added	add	VERB
ajfa-835	78	9	to	to	ADP
ajfa-835	78	10	the	the	DET
ajfa-835	78	11	s&p	s&p	PROPN
ajfa-835	78	12	500	500	NUM
ajfa-835	78	13	index	index	NOUN
ajfa-835	78	14	during	during	ADP
ajfa-835	78	15	the	the	DET
ajfa-835	78	16	1975	1975	NUM
ajfa-835	78	17	-	-	SYM
ajfa-835	78	18	1989	1989	NUM
ajfa-835	78	19	period	period	NOUN
ajfa-835	78	20	.	.	PUNCT
ajfa-835	79	1	he	he	PRON
ajfa-835	79	2	evidenced	evidence	VERB
ajfa-835	79	3	increased	increase	VERB
ajfa-835	79	4	stock	stock	NOUN
ajfa-835	79	5	beta	beta	NOUN
ajfa-835	79	6	subsequent	subsequent	ADJ
ajfa-835	79	7	to	to	ADP
ajfa-835	79	8	index	index	NOUN
ajfa-835	79	9	additions	addition	NOUN
ajfa-835	79	10	.	.	PUNCT
ajfa-835	80	1	he	he	PRON
ajfa-835	80	2	evidenced	evidence	VERB
ajfa-835	80	3	an	an	DET
ajfa-835	80	4	increase	increase	NOUN
ajfa-835	80	5	of	of	ADP
ajfa-835	80	6	0.211	0.211	NUM
ajfa-835	80	7	and	and	CCONJ
ajfa-835	80	8	0.130	0.130	NUM
ajfa-835	80	9	in	in	ADP
ajfa-835	80	10	daily	daily	ADJ
ajfa-835	80	11	and	and	CCONJ
ajfa-835	80	12	weekly	weekly	ADJ
ajfa-835	80	13	betas	beta	NOUN
ajfa-835	80	14	respectively	respectively	ADV
ajfa-835	80	15	.	.	PUNCT
ajfa-835	81	1	he	he	PRON
ajfa-835	81	2	found	find	VERB
ajfa-835	81	3	evidence	evidence	NOUN
ajfa-835	81	4	that	that	SCONJ
ajfa-835	81	5	the	the	DET
ajfa-835	81	6	increase	increase	NOUN
ajfa-835	81	7	in	in	ADP
ajfa-835	81	8	co	co	NOUN
ajfa-835	81	9	-	-	NOUN
ajfa-835	81	10	movement	movement	NOUN
ajfa-835	81	11	was	be	AUX
ajfa-835	81	12	predominantly	predominantly	ADV
ajfa-835	81	13	due	due	ADJ
ajfa-835	81	14	to	to	ADP
ajfa-835	81	15	index	index	NOUN
ajfa-835	81	16	trading	trading	NOUN
ajfa-835	81	17	strategies	strategy	NOUN
ajfa-835	81	18	rather	rather	ADV
ajfa-835	81	19	than	than	ADP
ajfa-835	81	20	the	the	DET
ajfa-835	81	21	reduction	reduction	NOUN
ajfa-835	81	22	of	of	ADP
ajfa-835	81	23	non	non	ADJ
ajfa-835	81	24	-	-	NOUN
ajfa-835	81	25	synchronicity	synchronicity	NOUN
ajfa-835	81	26	.	.	PUNCT
ajfa-835	82	1	though	though	SCONJ
ajfa-835	82	2	both	both	CCONJ
ajfa-835	82	3	the	the	DET
ajfa-835	82	4	price	price	NOUN
ajfa-835	82	5	pressure	pressure	NOUN
ajfa-835	82	6	hypothesis	hypothesis	NOUN
ajfa-835	82	7	and	and	CCONJ
ajfa-835	82	8	non	non	ADJ
ajfa-835	82	9	-	-	ADJ
ajfa-835	82	10	synchronous	synchronous	ADJ
ajfa-835	82	11	trading	trading	NOUN
ajfa-835	82	12	hypothesis	hypothesis	NOUN
ajfa-835	82	13	support	support	NOUN
ajfa-835	82	14	increased	increase	VERB
ajfa-835	82	15	beta	beta	NOUN
ajfa-835	82	16	for	for	ADP
ajfa-835	82	17	s&p	s&p	PROPN
ajfa-835	82	18	500	500	NUM
ajfa-835	82	19	stocks	stock	NOUN
ajfa-835	82	20	and	and	CCONJ
ajfa-835	82	21	reduced	reduce	VERB
ajfa-835	82	22	beta	beta	NOUN
ajfa-835	82	23	for	for	ADP
ajfa-835	82	24	nons&p	nons&p	PROPN
ajfa-835	82	25	500	500	NUM
ajfa-835	82	26	stocks	stock	NOUN
ajfa-835	82	27	,	,	PUNCT
ajfa-835	82	28	vijh(1994	vijh(1994	PRON
ajfa-835	82	29	)	)	PUNCT
ajfa-835	82	30	asserts	assert	VERB
ajfa-835	82	31	that	that	SCONJ
ajfa-835	82	32	the	the	DET
ajfa-835	82	33	cross	cross	NOUN
ajfa-835	82	34	sectional	sectional	ADJ
ajfa-835	82	35	implication	implication	NOUN
ajfa-835	82	36	would	would	AUX
ajfa-835	82	37	be	be	AUX
ajfa-835	82	38	different	different	ADJ
ajfa-835	82	39	.	.	PUNCT
ajfa-835	83	1	the	the	DET
ajfa-835	83	2	non	non	ADJ
ajfa-835	83	3	-	-	ADJ
ajfa-835	83	4	synchronous	synchronous	ADJ
ajfa-835	83	5	trading	trading	NOUN
ajfa-835	83	6	hypothesis	hypothesis	NOUN
ajfa-835	83	7	expects	expect	VERB
ajfa-835	83	8	that	that	DET
ajfa-835	83	9	increase	increase	NOUN
ajfa-835	83	10	or	or	CCONJ
ajfa-835	83	11	decrease	decrease	NOUN
ajfa-835	83	12	of	of	ADP
ajfa-835	83	13	individual	individual	ADJ
ajfa-835	83	14	stock	stock	NOUN
ajfa-835	83	15	beta	beta	NOUN
ajfa-835	83	16	depends	depend	VERB
ajfa-835	83	17	on	on	ADP
ajfa-835	83	18	the	the	DET
ajfa-835	83	19	before	before	NOUN
ajfa-835	83	20	and	and	CCONJ
ajfa-835	83	21	after	after	ADP
ajfa-835	83	22	trading	trading	NOUN
ajfa-835	83	23	volume	volume	NOUN
ajfa-835	83	24	.	.	PUNCT
ajfa-835	84	1	it	it	PRON
ajfa-835	84	2	predicts	predict	VERB
ajfa-835	84	3	that	that	SCONJ
ajfa-835	84	4	for	for	ADP
ajfa-835	84	5	the	the	DET
ajfa-835	84	6	stocks	stock	NOUN
ajfa-835	84	7	whose	whose	DET
ajfa-835	84	8	trading	trading	NOUN
ajfa-835	84	9	volume	volume	NOUN
ajfa-835	84	10	,	,	PUNCT
ajfa-835	84	11	subsequent	subsequent	ADJ
ajfa-835	84	12	to	to	ADP
ajfa-835	84	13	index	index	NOUN
ajfa-835	84	14	addition	addition	NOUN
ajfa-835	84	15	,	,	PUNCT
ajfa-835	84	16	decreases	decrease	VERB
ajfa-835	84	17	,	,	PUNCT
ajfa-835	84	18	the	the	DET
ajfa-835	84	19	stock	stock	NOUN
ajfa-835	84	20	beta	beta	NOUN
ajfa-835	84	21	will	will	AUX
ajfa-835	84	22	decrease	decrease	VERB
ajfa-835	84	23	and	and	CCONJ
ajfa-835	84	24	vice	vice	ADV
ajfa-835	84	25	versa	versa	ADV
ajfa-835	84	26	.	.	PUNCT
ajfa-835	85	1	the	the	DET
ajfa-835	85	2	price	price	NOUN
ajfa-835	85	3	pressure	pressure	NOUN
ajfa-835	85	4	hypothesis	hypothesis	NOUN
ajfa-835	85	5	predicts	predict	VERB
ajfa-835	85	6	that	that	SCONJ
ajfa-835	85	7	as	as	SCONJ
ajfa-835	85	8	the	the	DET
ajfa-835	85	9	addition	addition	NOUN
ajfa-835	85	10	of	of	ADP
ajfa-835	85	11	a	a	DET
ajfa-835	85	12	stock	stock	NOUN
ajfa-835	85	13	to	to	ADP
ajfa-835	85	14	the	the	DET
ajfa-835	85	15	premier	premier	ADJ
ajfa-835	85	16	index	index	NOUN
ajfa-835	85	17	always	always	ADV
ajfa-835	85	18	increase	increase	VERB
ajfa-835	85	19	the	the	DET
ajfa-835	85	20	covariance	covariance	NOUN
ajfa-835	85	21	with	with	ADP
ajfa-835	85	22	the	the	DET
ajfa-835	85	23	market	market	NOUN
ajfa-835	85	24	returns	return	NOUN
ajfa-835	85	25	and	and	CCONJ
ajfa-835	85	26	hence	hence	ADV
ajfa-835	85	27	the	the	DET
ajfa-835	85	28	stock	stock	NOUN
ajfa-835	85	29	beta	beta	NOUN
ajfa-835	85	30	of	of	ADP
ajfa-835	85	31	individual	individual	ADJ
ajfa-835	85	32	stocks	stock	NOUN
ajfa-835	85	33	will	will	AUX
ajfa-835	85	34	always	always	ADV
ajfa-835	85	35	increase	increase	VERB
ajfa-835	85	36	irrespective	irrespective	ADV
ajfa-835	85	37	of	of	ADP
ajfa-835	85	38	trading	trading	NOUN
ajfa-835	85	39	volume	volume	NOUN
ajfa-835	85	40	.	.	PUNCT
ajfa-835	86	1	the	the	DET
ajfa-835	86	2	second	second	ADJ
ajfa-835	86	3	important	important	ADJ
ajfa-835	86	4	study	study	NOUN
ajfa-835	86	5	regarding	regard	VERB
ajfa-835	86	6	stock	stock	NOUN
ajfa-835	86	7	co	co	NOUN
ajfa-835	86	8	-	-	NOUN
ajfa-835	86	9	movement	movement	NOUN
ajfa-835	86	10	subsequent	subsequent	ADJ
ajfa-835	86	11	to	to	ADP
ajfa-835	86	12	index	index	NOUN
ajfa-835	86	13	inclusion	inclusion	NOUN
ajfa-835	86	14	was	be	AUX
ajfa-835	86	15	by	by	ADP
ajfa-835	86	16	barberis	barberis	PROPN
ajfa-835	86	17	et	et	PROPN
ajfa-835	86	18	al	al	PROPN
ajfa-835	86	19	(	(	PUNCT
ajfa-835	86	20	2002	2002	NUM
ajfa-835	86	21	)	)	PUNCT
ajfa-835	86	22	.	.	PUNCT
ajfa-835	87	1	they	they	PRON
ajfa-835	87	2	studied	study	VERB
ajfa-835	87	3	s&p	s&p	PROPN
ajfa-835	87	4	500	500	NUM
ajfa-835	87	5	index	index	NOUN
ajfa-835	87	6	inclusions	inclusion	NOUN
ajfa-835	87	7	and	and	CCONJ
ajfa-835	87	8	exclusions	exclusion	NOUN
ajfa-835	87	9	using	use	VERB
ajfa-835	87	10	weekly	weekly	ADJ
ajfa-835	87	11	data	datum	NOUN
ajfa-835	87	12	for	for	ADP
ajfa-835	87	13	the	the	DET
ajfa-835	87	14	period	period	NOUN
ajfa-835	87	15	1976	1976	NUM
ajfa-835	87	16	-	-	SYM
ajfa-835	87	17	2000	2000	NUM
ajfa-835	87	18	.	.	PUNCT
ajfa-835	88	1	they	they	PRON
ajfa-835	88	2	evidenced	evidence	VERB
ajfa-835	88	3	an	an	DET
ajfa-835	88	4	increase	increase	NOUN
ajfa-835	88	5	of	of	ADP
ajfa-835	88	6	0.11	0.11	NUM
ajfa-835	88	7	and	and	CCONJ
ajfa-835	88	8	0.03	0.03	NUM
ajfa-835	88	9	in	in	ADP
ajfa-835	88	10	stock	stock	NOUN
ajfa-835	88	11	beta	beta	NOUN
ajfa-835	88	12	and	and	CCONJ
ajfa-835	88	13	co	co	ADJ
ajfa-835	88	14	-	-	ADJ
ajfa-835	88	15	efficient	efficient	ADJ
ajfa-835	88	16	of	of	ADP
ajfa-835	88	17	determination	determination	NOUN
ajfa-835	88	18	‘	'	PUNCT
ajfa-835	88	19	r2	r2	NOUN
ajfa-835	88	20	’	'	PUNCT
ajfa-835	88	21	respectively	respectively	ADV
ajfa-835	88	22	.	.	PUNCT
ajfa-835	89	1	they	they	PRON
ajfa-835	89	2	introduced	introduce	VERB
ajfa-835	89	3	the	the	DET
ajfa-835	89	4	non	non	ADJ
ajfa-835	89	5	-	-	ADJ
ajfa-835	89	6	s&p	s&p	ADJ
ajfa-835	89	7	stock	stock	NOUN
ajfa-835	89	8	returns5	returns5	PROPN
ajfa-835	89	9	into	into	ADP
ajfa-835	89	10	the	the	DET
ajfa-835	89	11	regression	regression	NOUN
ajfa-835	89	12	independently	independently	ADV
ajfa-835	89	13	.	.	PUNCT
ajfa-835	90	1	the	the	DET
ajfa-835	90	2	bivariate	bivariate	ADJ
ajfa-835	90	3	regression	regression	NOUN
ajfa-835	90	4	evidenced	evidence	VERB
ajfa-835	90	5	even	even	ADV
ajfa-835	90	6	starker	stark	ADJ
ajfa-835	90	7	confirmation	confirmation	NOUN
ajfa-835	90	8	of	of	ADP
ajfa-835	90	9	increased	increase	VERB
ajfa-835	90	10	co	co	NOUN
ajfa-835	90	11	-	-	NOUN
ajfa-835	90	12	movement	movement	NOUN
ajfa-835	90	13	.	.	PUNCT
ajfa-835	91	1	the	the	DET
ajfa-835	91	2	beta	beta	ADJ
ajfa-835	91	3	increase	increase	NOUN
ajfa-835	91	4	was	be	AUX
ajfa-835	91	5	0.21	0.21	NUM
ajfa-835	91	6	while	while	SCONJ
ajfa-835	91	7	the	the	DET
ajfa-835	91	8	beta	beta	ADJ
ajfa-835	91	9	decrease	decrease	NOUN
ajfa-835	91	10	for	for	ADP
ajfa-835	91	11	the	the	DET
ajfa-835	91	12	non	non	ADJ
ajfa-835	91	13	-	-	ADJ
ajfa-835	91	14	s&p	s&p	ADJ
ajfa-835	91	15	stocks	stock	NOUN
ajfa-835	91	16	was	be	AUX
ajfa-835	91	17	-0.12	-0.12	ADJ
ajfa-835	91	18	.	.	PUNCT
ajfa-835	91	19	barberis	barberis	PROPN
ajfa-835	91	20	et	et	PROPN
ajfa-835	91	21	al	al	PROPN
ajfa-835	91	22	provided	provide	VERB
ajfa-835	91	23	support	support	NOUN
ajfa-835	91	24	in	in	ADP
ajfa-835	91	25	favor	favor	NOUN
ajfa-835	91	26	of	of	ADP
ajfa-835	91	27	behavioral	behavioral	ADJ
ajfa-835	91	28	views	view	NOUN
ajfa-835	91	29	like	like	ADP
ajfa-835	91	30	category	category	NOUN
ajfa-835	91	31	and	and	CCONJ
ajfa-835	91	32	habitat	habitat	NOUN
ajfa-835	91	33	views	view	NOUN
ajfa-835	91	34	rather	rather	ADV
ajfa-835	91	35	than	than	ADP
ajfa-835	91	36	fundamental	fundamental	ADJ
ajfa-835	91	37	view	view	NOUN
ajfa-835	91	38	for	for	ADP
ajfa-835	91	39	s&p	s&p	PROPN
ajfa-835	91	40	500	500	NUM
ajfa-835	91	41	stock	stock	NOUN
ajfa-835	91	42	inclusion	inclusion	NOUN
ajfa-835	91	43	by	by	ADP
ajfa-835	91	44	evidencing	evidence	VERB
ajfa-835	91	45	that	that	SCONJ
ajfa-835	91	46	the	the	DET
ajfa-835	91	47	results	result	NOUN
ajfa-835	91	48	were	be	AUX
ajfa-835	91	49	stronger	strong	ADJ
ajfa-835	91	50	in	in	ADP
ajfa-835	91	51	the	the	DET
ajfa-835	91	52	later	later	ADJ
ajfa-835	91	53	period	period	NOUN
ajfa-835	91	54	and	and	CCONJ
ajfa-835	91	55	were	be	AUX
ajfa-835	91	56	robust	robust	ADJ
ajfa-835	91	57	to	to	ADP
ajfa-835	91	58	both	both	PRON
ajfa-835	91	59	size	size	NOUN
ajfa-835	91	60	and	and	CCONJ
ajfa-835	91	61	industry	industry	NOUN
ajfa-835	91	62	characteristics	characteristic	NOUN
ajfa-835	91	63	.	.	PUNCT
ajfa-835	92	1	greenwood	greenwood	PROPN
ajfa-835	92	2	and	and	CCONJ
ajfa-835	92	3	sosner	sosner	NOUN
ajfa-835	92	4	(	(	PUNCT
ajfa-835	92	5	2002	2002	NUM
ajfa-835	92	6	)	)	PUNCT
ajfa-835	92	7	studied	study	VERB
ajfa-835	92	8	the	the	DET
ajfa-835	92	9	one	one	NUM
ajfa-835	92	10	time	time	NOUN
ajfa-835	92	11	inclusion	inclusion	NOUN
ajfa-835	92	12	of	of	ADP
ajfa-835	92	13	30	30	NUM
ajfa-835	92	14	stocks	stock	NOUN
ajfa-835	92	15	to	to	ADP
ajfa-835	92	16	the	the	DET
ajfa-835	92	17	japanese	japanese	ADJ
ajfa-835	92	18	nikkei	nikkei	PROPN
ajfa-835	92	19	index	index	NOUN
ajfa-835	92	20	in	in	ADP
ajfa-835	92	21	the	the	DET
ajfa-835	92	22	year	year	NOUN
ajfa-835	92	23	2000	2000	NUM
ajfa-835	92	24	.	.	PUNCT
ajfa-835	93	1	they	they	PRON
ajfa-835	93	2	evidenced	evidence	VERB
ajfa-835	93	3	a	a	DET
ajfa-835	93	4	significant	significant	ADJ
ajfa-835	93	5	increase	increase	NOUN
ajfa-835	93	6	of	of	ADP
ajfa-835	93	7	0.6	0.6	NUM
ajfa-835	93	8	in	in	ADP
ajfa-835	93	9	daily	daily	ADJ
ajfa-835	93	10	stock	stock	NOUN
ajfa-835	93	11	betas	beta	NOUN
ajfa-835	93	12	subsequent	subsequent	ADJ
ajfa-835	93	13	to	to	ADP
ajfa-835	93	14	addition	addition	NOUN
ajfa-835	93	15	and	and	CCONJ
ajfa-835	93	16	a	a	DET
ajfa-835	93	17	significant	significant	ADJ
ajfa-835	93	18	decrease	decrease	NOUN
ajfa-835	93	19	of	of	ADP
ajfa-835	93	20	0.71	0.71	NUM
ajfa-835	93	21	subsequent	subsequent	ADJ
ajfa-835	93	22	to	to	ADP
ajfa-835	93	23	deletions	deletion	NOUN
ajfa-835	93	24	.	.	PUNCT
ajfa-835	94	1	this	this	DET
ajfa-835	94	2	study	study	NOUN
ajfa-835	94	3	also	also	ADV
ajfa-835	94	4	supported	support	VERB
ajfa-835	94	5	the	the	DET
ajfa-835	94	6	behavioral	behavioral	ADJ
ajfa-835	94	7	/	/	SYM
ajfa-835	94	8	trading	trading	NOUN
ajfa-835	94	9	related	relate	VERB
ajfa-835	94	10	views	view	NOUN
ajfa-835	94	11	for	for	ADP
ajfa-835	94	12	the	the	DET
ajfa-835	94	13	increased	increase	VERB
ajfa-835	94	14	co	co	NOUN
ajfa-835	94	15	-	-	NOUN
ajfa-835	94	16	movement	movement	NOUN
ajfa-835	94	17	.	.	PUNCT
ajfa-835	95	1	coakley	coakley	NOUN
ajfa-835	95	2	and	and	CCONJ
ajfa-835	95	3	kougalis	kougalis	PROPN
ajfa-835	95	4	(	(	PUNCT
ajfa-835	95	5	2004	2004	NUM
ajfa-835	95	6	)	)	PUNCT
ajfa-835	95	7	studied	study	VERB
ajfa-835	95	8	post	post	NOUN
ajfa-835	95	9	inclusion	inclusion	NOUN
ajfa-835	95	10	co	co	NOUN
ajfa-835	95	11	-	-	NOUN
ajfa-835	95	12	movement	movement	NOUN
ajfa-835	95	13	in	in	ADP
ajfa-835	95	14	the	the	DET
ajfa-835	95	15	ftse100	ftse100	PROPN
ajfa-835	95	16	index	index	NOUN
ajfa-835	95	17	on	on	ADP
ajfa-835	95	18	5	5	NUM
ajfa-835	95	19	total	total	ADJ
ajfa-835	95	20	market	market	NOUN
ajfa-835	95	21	return	return	NOUN
ajfa-835	95	22	minus	minus	CCONJ
ajfa-835	95	23	s&p	s&p	PROPN
ajfa-835	95	24	500	500	NUM
ajfa-835	95	25	returns	return	NOUN
ajfa-835	95	26	.	.	PUNCT
ajfa-835	96	1	asian	asian	ADJ
ajfa-835	96	2	journal	journal	PROPN
ajfa-835	96	3	of	of	ADP
ajfa-835	96	4	finance	finance	PROPN
ajfa-835	96	5	&	&	CCONJ
ajfa-835	96	6	accounting	accounting	PROPN
ajfa-835	96	7	issn	issn	PROPN
ajfa-835	96	8	1946	1946	NUM
ajfa-835	96	9	-	-	PUNCT
ajfa-835	96	10	052x	052x	NOUN
ajfa-835	96	11	2011	2011	NUM
ajfa-835	96	12	,	,	PUNCT
ajfa-835	96	13	vol	vol	NOUN
ajfa-835	96	14	.	.	PROPN
ajfa-835	97	1	3	3	NUM
ajfa-835	97	2	,	,	PUNCT
ajfa-835	97	3	no	no	INTJ
ajfa-835	97	4	.	.	NOUN
ajfa-835	97	5	1	1	NUM
ajfa-835	97	6	:	:	PUNCT
ajfa-835	97	7	e12	e12	NOUN
ajfa-835	97	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	97	9	190	190	NUM
ajfa-835	97	10	the	the	DET
ajfa-835	97	11	lines	line	NOUN
ajfa-835	97	12	of	of	ADP
ajfa-835	97	13	barberis	barberis	PROPN
ajfa-835	97	14	et	et	PROPN
ajfa-835	97	15	al	al	PROPN
ajfa-835	97	16	.	.	PUNCT
ajfa-835	98	1	the	the	DET
ajfa-835	98	2	univariate	univariate	ADJ
ajfa-835	98	3	regressions	regression	NOUN
ajfa-835	98	4	using	use	VERB
ajfa-835	98	5	the	the	DET
ajfa-835	98	6	ftse100	ftse100	PROPN
ajfa-835	98	7	index	index	NOUN
ajfa-835	98	8	returns	return	NOUN
ajfa-835	98	9	evidenced	evidence	VERB
ajfa-835	98	10	post	post	NOUN
ajfa-835	98	11	inclusion	inclusion	NOUN
ajfa-835	98	12	daily	daily	ADJ
ajfa-835	98	13	beta	beta	NOUN
ajfa-835	98	14	change	change	NOUN
ajfa-835	98	15	of	of	ADP
ajfa-835	98	16	0.34	0.34	NUM
ajfa-835	98	17	and	and	CCONJ
ajfa-835	98	18	-0.35	-0.35	VERB
ajfa-835	98	19	for	for	ADP
ajfa-835	98	20	inclusions	inclusion	NOUN
ajfa-835	98	21	and	and	CCONJ
ajfa-835	98	22	exclusions	exclusion	NOUN
ajfa-835	98	23	respectively	respectively	ADV
ajfa-835	98	24	.	.	PUNCT
ajfa-835	99	1	the	the	DET
ajfa-835	99	2	weekly	weekly	ADJ
ajfa-835	99	3	beta	beta	NOUN
ajfa-835	99	4	increase	increase	NOUN
ajfa-835	99	5	was	be	AUX
ajfa-835	99	6	0.16	0.16	NUM
ajfa-835	99	7	post	post	NOUN
ajfa-835	99	8	inclusion	inclusion	NOUN
ajfa-835	99	9	.	.	PUNCT
ajfa-835	100	1	the	the	DET
ajfa-835	100	2	bivariate	bivariate	ADJ
ajfa-835	100	3	results	result	NOUN
ajfa-835	100	4	using	use	VERB
ajfa-835	100	5	the	the	DET
ajfa-835	100	6	ftse100	ftse100	PROPN
ajfa-835	100	7	index	index	NOUN
ajfa-835	100	8	and	and	CCONJ
ajfa-835	100	9	nonftse100	nonftse100	PROPN
ajfa-835	100	10	index	index	NOUN
ajfa-835	100	11	returns	return	NOUN
ajfa-835	100	12	evidenced	evidence	VERB
ajfa-835	100	13	post	post	NOUN
ajfa-835	100	14	inclusion	inclusion	NOUN
ajfa-835	100	15	daily	daily	ADJ
ajfa-835	100	16	beta	beta	NOUN
ajfa-835	100	17	increase	increase	NOUN
ajfa-835	100	18	of	of	ADP
ajfa-835	100	19	0.51	0.51	NUM
ajfa-835	100	20	.	.	PUNCT
ajfa-835	101	1	the	the	DET
ajfa-835	101	2	weekly	weekly	ADJ
ajfa-835	101	3	results	result	NOUN
ajfa-835	101	4	evidence	evidence	NOUN
ajfa-835	101	5	beta	beta	ADJ
ajfa-835	101	6	increase	increase	NOUN
ajfa-835	101	7	of	of	ADP
ajfa-835	101	8	0.603	0.603	NUM
ajfa-835	101	9	for	for	ADP
ajfa-835	101	10	ftse	ftse	NOUN
ajfa-835	101	11	stocks	stock	NOUN
ajfa-835	101	12	and	and	CCONJ
ajfa-835	101	13	-0.872	-0.872	PROPN
ajfa-835	101	14	for	for	ADP
ajfa-835	101	15	non	non	ADJ
ajfa-835	101	16	-	-	ADJ
ajfa-835	101	17	ftse	ftse	ADJ
ajfa-835	101	18	stocks	stock	NOUN
ajfa-835	101	19	.	.	PUNCT
ajfa-835	102	1	j.coakley	j.coakley	PROPN
ajfa-835	102	2	et	et	PROPN
ajfa-835	102	3	al.(2008	al.(2008	PROPN
ajfa-835	102	4	)	)	PUNCT
ajfa-835	102	5	studied	study	VERB
ajfa-835	102	6	msci	msci	PROPN
ajfa-835	102	7	canada	canada	PROPN
ajfa-835	102	8	standard	standard	PROPN
ajfa-835	102	9	country	country	NOUN
ajfa-835	102	10	index	index	NOUN
ajfa-835	102	11	rebalancing	rebalancing	NOUN
ajfa-835	102	12	wherein	wherein	ADJ
ajfa-835	102	13	17	17	NUM
ajfa-835	102	14	stocks	stock	NOUN
ajfa-835	102	15	were	be	AUX
ajfa-835	102	16	added	add	VERB
ajfa-835	102	17	and	and	CCONJ
ajfa-835	102	18	13	13	NUM
ajfa-835	102	19	stocks	stock	NOUN
ajfa-835	102	20	were	be	AUX
ajfa-835	102	21	deleted	delete	VERB
ajfa-835	102	22	in	in	ADP
ajfa-835	102	23	the	the	DET
ajfa-835	102	24	year	year	NOUN
ajfa-835	102	25	2000	2000	NUM
ajfa-835	102	26	.	.	PUNCT
ajfa-835	103	1	they	they	PRON
ajfa-835	103	2	evidenced	evidence	VERB
ajfa-835	103	3	an	an	DET
ajfa-835	103	4	average	average	ADJ
ajfa-835	103	5	beta	beta	NOUN
ajfa-835	103	6	increase	increase	NOUN
ajfa-835	103	7	by	by	ADP
ajfa-835	103	8	a	a	DET
ajfa-835	103	9	factor	factor	NOUN
ajfa-835	103	10	of	of	ADP
ajfa-835	103	11	1.6	1.6	NUM
ajfa-835	103	12	for	for	ADP
ajfa-835	103	13	the	the	DET
ajfa-835	103	14	added	add	VERB
ajfa-835	103	15	stocks	stock	NOUN
ajfa-835	103	16	and	and	CCONJ
ajfa-835	103	17	by	by	ADP
ajfa-835	103	18	a	a	DET
ajfa-835	103	19	factor	factor	NOUN
ajfa-835	103	20	of	of	ADP
ajfa-835	103	21	–	–	PUNCT
ajfa-835	103	22	0.05	0.05	NUM
ajfa-835	103	23	for	for	ADP
ajfa-835	103	24	the	the	DET
ajfa-835	103	25	deleted	delete	VERB
ajfa-835	103	26	stocks	stock	NOUN
ajfa-835	103	27	and	and	CCONJ
ajfa-835	103	28	supported	support	VERB
ajfa-835	103	29	the	the	DET
ajfa-835	103	30	trading	trading	NOUN
ajfa-835	103	31	related	relate	VERB
ajfa-835	103	32	views	view	NOUN
ajfa-835	103	33	.	.	PUNCT
ajfa-835	104	1	however	however	ADV
ajfa-835	104	2	the	the	DET
ajfa-835	104	3	evidence	evidence	NOUN
ajfa-835	104	4	in	in	ADP
ajfa-835	104	5	favor	favor	NOUN
ajfa-835	104	6	of	of	ADP
ajfa-835	104	7	trade	trade	NOUN
ajfa-835	104	8	related	relate	VERB
ajfa-835	104	9	co	co	NOUN
ajfa-835	104	10	-	-	NOUN
ajfa-835	104	11	movement	movement	NOUN
ajfa-835	104	12	in	in	ADP
ajfa-835	104	13	the	the	DET
ajfa-835	104	14	developed	develop	VERB
ajfa-835	104	15	markets	market	NOUN
ajfa-835	104	16	is	be	AUX
ajfa-835	104	17	not	not	PART
ajfa-835	104	18	unanimous	unanimous	ADJ
ajfa-835	104	19	.	.	PUNCT
ajfa-835	105	1	kasch	kasch	ADJ
ajfa-835	105	2	and	and	CCONJ
ajfa-835	105	3	sarkar(2009	sarkar(2009	NUM
ajfa-835	105	4	)	)	PUNCT
ajfa-835	105	5	examining	examine	VERB
ajfa-835	105	6	s&p	s&p	PROPN
ajfa-835	105	7	500	500	NUM
ajfa-835	105	8	inclusions	inclusion	NOUN
ajfa-835	105	9	for	for	ADP
ajfa-835	105	10	the	the	DET
ajfa-835	105	11	period	period	NOUN
ajfa-835	105	12	1989	1989	NUM
ajfa-835	105	13	-	-	SYM
ajfa-835	105	14	2004	2004	NUM
ajfa-835	105	15	showed	show	VERB
ajfa-835	105	16	significant	significant	ADJ
ajfa-835	105	17	co	co	NOUN
ajfa-835	105	18	-	-	NOUN
ajfa-835	105	19	movement	movement	NOUN
ajfa-835	105	20	and	and	CCONJ
ajfa-835	105	21	concluded	conclude	VERB
ajfa-835	105	22	that	that	SCONJ
ajfa-835	105	23	changes	change	NOUN
ajfa-835	105	24	in	in	ADP
ajfa-835	105	25	co	co	NOUN
ajfa-835	105	26	-	-	NOUN
ajfa-835	105	27	movement	movement	NOUN
ajfa-835	105	28	subsequent	subsequent	ADJ
ajfa-835	105	29	to	to	ADP
ajfa-835	105	30	s&p	s&p	PROPN
ajfa-835	105	31	500	500	NUM
ajfa-835	105	32	additions	addition	NOUN
ajfa-835	105	33	reflect	reflect	VERB
ajfa-835	105	34	changes	change	NOUN
ajfa-835	105	35	in	in	ADP
ajfa-835	105	36	the	the	DET
ajfa-835	105	37	expectation	expectation	NOUN
ajfa-835	105	38	about	about	ADP
ajfa-835	105	39	the	the	DET
ajfa-835	105	40	fundamental	fundamental	ADJ
ajfa-835	105	41	value	value	NOUN
ajfa-835	105	42	of	of	ADP
ajfa-835	105	43	added	add	VERB
ajfa-835	105	44	firms	firm	NOUN
ajfa-835	105	45	.	.	PUNCT
ajfa-835	106	1	claessens	claessen	NOUN
ajfa-835	106	2	and	and	CCONJ
ajfa-835	106	3	yafeh(2009	yafeh(2009	NUM
ajfa-835	106	4	)	)	PUNCT
ajfa-835	106	5	studied	study	VERB
ajfa-835	106	6	co	co	NOUN
ajfa-835	106	7	-	-	NOUN
ajfa-835	106	8	movement	movement	NOUN
ajfa-835	106	9	subsequent	subsequent	ADJ
ajfa-835	106	10	to	to	ADP
ajfa-835	106	11	index	index	NOUN
ajfa-835	106	12	additions	addition	NOUN
ajfa-835	106	13	for	for	ADP
ajfa-835	106	14	the	the	DET
ajfa-835	106	15	period	period	NOUN
ajfa-835	106	16	2001	2001	NUM
ajfa-835	106	17	-	-	SYM
ajfa-835	106	18	2007	2007	NUM
ajfa-835	106	19	in	in	ADP
ajfa-835	106	20	39	39	NUM
ajfa-835	106	21	developed	develop	VERB
ajfa-835	106	22	and	and	CCONJ
ajfa-835	106	23	emerging	emerge	VERB
ajfa-835	106	24	markets	market	NOUN
ajfa-835	106	25	around	around	ADP
ajfa-835	106	26	the	the	DET
ajfa-835	106	27	world	world	NOUN
ajfa-835	106	28	.	.	PUNCT
ajfa-835	107	1	they	they	PRON
ajfa-835	107	2	concluded	conclude	VERB
ajfa-835	107	3	that	that	SCONJ
ajfa-835	107	4	in	in	ADP
ajfa-835	107	5	less	less	ADJ
ajfa-835	107	6	developed	develop	VERB
ajfa-835	107	7	markets	market	NOUN
ajfa-835	107	8	the	the	DET
ajfa-835	107	9	increase	increase	NOUN
ajfa-835	107	10	in	in	ADP
ajfa-835	107	11	co	co	NOUN
ajfa-835	107	12	-	-	NOUN
ajfa-835	107	13	movement	movement	NOUN
ajfa-835	107	14	is	be	AUX
ajfa-835	107	15	due	due	ADJ
ajfa-835	107	16	to	to	ADP
ajfa-835	107	17	information	information	NOUN
ajfa-835	107	18	related	relate	VERB
ajfa-835	107	19	problems	problem	NOUN
ajfa-835	107	20	.	.	PUNCT
ajfa-835	108	1	finally	finally	ADV
ajfa-835	108	2	,	,	PUNCT
ajfa-835	108	3	chen	chen	PROPN
ajfa-835	108	4	et	et	PROPN
ajfa-835	108	5	al	al	PROPN
ajfa-835	108	6	(	(	PUNCT
ajfa-835	108	7	2004	2004	NUM
ajfa-835	108	8	)	)	PUNCT
ajfa-835	108	9	analysed	analyse	VERB
ajfa-835	108	10	the	the	DET
ajfa-835	108	11	price	price	NOUN
ajfa-835	108	12	and	and	CCONJ
ajfa-835	108	13	volume	volume	NOUN
ajfa-835	108	14	effects	effect	NOUN
ajfa-835	108	15	of	of	ADP
ajfa-835	108	16	the	the	DET
ajfa-835	108	17	s&p	s&p	PROPN
ajfa-835	108	18	500	500	NUM
ajfa-835	108	19	index	index	NOUN
ajfa-835	108	20	changes	change	NOUN
ajfa-835	108	21	.	.	PUNCT
ajfa-835	109	1	they	they	PRON
ajfa-835	109	2	evidenced	evidence	VERB
ajfa-835	109	3	asymmetric	asymmetric	ADJ
ajfa-835	109	4	results	result	NOUN
ajfa-835	109	5	for	for	ADP
ajfa-835	109	6	additions	addition	NOUN
ajfa-835	109	7	and	and	CCONJ
ajfa-835	109	8	deletions	deletion	NOUN
ajfa-835	109	9	regarding	regard	VERB
ajfa-835	109	10	permanent	permanent	ADJ
ajfa-835	109	11	price	price	NOUN
ajfa-835	109	12	increase	increase	NOUN
ajfa-835	109	13	.	.	PUNCT
ajfa-835	110	1	he	he	PRON
ajfa-835	110	2	attributes	attribute	VERB
ajfa-835	110	3	this	this	PRON
ajfa-835	110	4	to	to	ADP
ajfa-835	110	5	the	the	DET
ajfa-835	110	6	‘	'	PUNCT
ajfa-835	110	7	investor	investor	NOUN
ajfa-835	110	8	awareness	awareness	NOUN
ajfa-835	110	9	view	view	NOUN
ajfa-835	110	10	’	'	PUNCT
ajfa-835	110	11	which	which	PRON
ajfa-835	110	12	contends	contend	VERB
ajfa-835	110	13	that	that	SCONJ
ajfa-835	110	14	many	many	ADJ
ajfa-835	110	15	investors	investor	NOUN
ajfa-835	110	16	can	can	AUX
ajfa-835	110	17	become	become	VERB
ajfa-835	110	18	aware	aware	ADJ
ajfa-835	110	19	of	of	ADP
ajfa-835	110	20	the	the	DET
ajfa-835	110	21	added	add	VERB
ajfa-835	110	22	stocks	stock	NOUN
ajfa-835	110	23	leading	lead	VERB
ajfa-835	110	24	to	to	ADP
ajfa-835	110	25	permanent	permanent	ADJ
ajfa-835	110	26	price	price	NOUN
ajfa-835	110	27	increase	increase	NOUN
ajfa-835	110	28	.	.	PUNCT
ajfa-835	111	1	but	but	CCONJ
ajfa-835	111	2	the	the	DET
ajfa-835	111	3	investors	investor	NOUN
ajfa-835	111	4	do	do	AUX
ajfa-835	111	5	not	not	PART
ajfa-835	111	6	become	become	VERB
ajfa-835	111	7	unaware	unaware	ADJ
ajfa-835	111	8	of	of	ADP
ajfa-835	111	9	the	the	DET
ajfa-835	111	10	deleted	delete	VERB
ajfa-835	111	11	stocks	stock	NOUN
ajfa-835	111	12	and	and	CCONJ
ajfa-835	111	13	hence	hence	ADV
ajfa-835	111	14	deleted	delete	VERB
ajfa-835	111	15	stocks	stock	NOUN
ajfa-835	111	16	may	may	AUX
ajfa-835	111	17	not	not	PART
ajfa-835	111	18	evidence	evidence	VERB
ajfa-835	111	19	permanent	permanent	ADJ
ajfa-835	111	20	price	price	NOUN
ajfa-835	111	21	decrease	decrease	NOUN
ajfa-835	111	22	post	post	NOUN
ajfa-835	111	23	deletion	deletion	NOUN
ajfa-835	111	24	.	.	PUNCT
ajfa-835	112	1	parthasarathy	parthasarathy	PROPN
ajfa-835	112	2	(	(	PUNCT
ajfa-835	112	3	2010	2010	NUM
ajfa-835	112	4	)	)	PUNCT
ajfa-835	112	5	examined	examine	VERB
ajfa-835	112	6	the	the	DET
ajfa-835	112	7	price	price	NOUN
ajfa-835	112	8	and	and	CCONJ
ajfa-835	112	9	volume	volume	NOUN
ajfa-835	112	10	effects	effect	NOUN
ajfa-835	112	11	of	of	ADP
ajfa-835	112	12	the	the	DET
ajfa-835	112	13	nifty	nifty	ADJ
ajfa-835	112	14	index	index	NOUN
ajfa-835	112	15	additions	addition	NOUN
ajfa-835	112	16	in	in	ADP
ajfa-835	112	17	the	the	DET
ajfa-835	112	18	indian	indian	ADJ
ajfa-835	112	19	stock	stock	NOUN
ajfa-835	112	20	market	market	NOUN
ajfa-835	112	21	in	in	ADP
ajfa-835	112	22	the	the	DET
ajfa-835	112	23	1999	1999	NUM
ajfa-835	112	24	-	-	SYM
ajfa-835	112	25	2010	2010	NUM
ajfa-835	112	26	period	period	NOUN
ajfa-835	112	27	and	and	CCONJ
ajfa-835	112	28	concluded	conclude	VERB
ajfa-835	112	29	that	that	SCONJ
ajfa-835	112	30	the	the	DET
ajfa-835	112	31	information	information	NOUN
ajfa-835	112	32	related	relate	VERB
ajfa-835	112	33	explanations	explanation	NOUN
ajfa-835	112	34	explain	explain	VERB
ajfa-835	112	35	the	the	DET
ajfa-835	112	36	evidenced	evidence	VERB
ajfa-835	112	37	permanent	permanent	ADJ
ajfa-835	112	38	increase	increase	NOUN
ajfa-835	112	39	in	in	ADP
ajfa-835	112	40	price	price	NOUN
ajfa-835	112	41	.	.	PUNCT
ajfa-835	113	1	3	3	X
ajfa-835	113	2	.	.	X
ajfa-835	113	3	data	datum	NOUN
ajfa-835	113	4	and	and	CCONJ
ajfa-835	113	5	background	background	NOUN
ajfa-835	113	6	information	information	NOUN
ajfa-835	113	7	3.1	3.1	NUM
ajfa-835	113	8	the	the	DET
ajfa-835	113	9	nifty	nifty	ADJ
ajfa-835	113	10	index	index	NOUN
ajfa-835	113	11	the	the	DET
ajfa-835	113	12	s&p	s&p	PROPN
ajfa-835	113	13	cnx	cnx	PROPN
ajfa-835	113	14	nifty	nifty	ADJ
ajfa-835	113	15	(	(	PUNCT
ajfa-835	113	16	nifty	nifty	ADJ
ajfa-835	113	17	hereafter	hereafter	ADV
ajfa-835	113	18	)	)	PUNCT
ajfa-835	113	19	is	be	AUX
ajfa-835	113	20	the	the	DET
ajfa-835	113	21	headline	headline	NOUN
ajfa-835	113	22	index	index	NOUN
ajfa-835	113	23	on	on	ADP
ajfa-835	113	24	the	the	DET
ajfa-835	113	25	national	national	PROPN
ajfa-835	113	26	stock	stock	PROPN
ajfa-835	113	27	exchange	exchange	PROPN
ajfa-835	113	28	(	(	PUNCT
ajfa-835	113	29	nse	nse	NOUN
ajfa-835	113	30	)	)	PUNCT
ajfa-835	113	31	maintained	maintain	VERB
ajfa-835	113	32	by	by	ADP
ajfa-835	113	33	the	the	DET
ajfa-835	113	34	india	india	PROPN
ajfa-835	113	35	index	index	PROPN
ajfa-835	113	36	services	service	NOUN
ajfa-835	113	37	and	and	CCONJ
ajfa-835	113	38	products	products	PROPN
ajfa-835	113	39	ltd	ltd	PROPN
ajfa-835	113	40	.	.	PROPN
ajfa-835	113	41	(	(	PUNCT
ajfa-835	113	42	iisl	iisl	PROPN
ajfa-835	113	43	)	)	PUNCT
ajfa-835	113	44	from	from	ADP
ajfa-835	113	45	1998	1998	NUM
ajfa-835	113	46	.	.	PUNCT
ajfa-835	114	1	it	it	PRON
ajfa-835	114	2	represents	represent	VERB
ajfa-835	114	3	a	a	DET
ajfa-835	114	4	portfolio	portfolio	NOUN
ajfa-835	114	5	of	of	ADP
ajfa-835	114	6	50	50	NUM
ajfa-835	114	7	large	large	ADJ
ajfa-835	114	8	and	and	CCONJ
ajfa-835	114	9	most	most	ADV
ajfa-835	114	10	liquid	liquid	ADJ
ajfa-835	114	11	stocks	stock	NOUN
ajfa-835	114	12	of	of	ADP
ajfa-835	114	13	the	the	DET
ajfa-835	114	14	nse	nse	NOUN
ajfa-835	114	15	and	and	CCONJ
ajfa-835	114	16	captures	capture	VERB
ajfa-835	114	17	65	65	NUM
ajfa-835	114	18	%	%	NOUN
ajfa-835	114	19	of	of	ADP
ajfa-835	114	20	the	the	DET
ajfa-835	114	21	total	total	ADJ
ajfa-835	114	22	market	market	NOUN
ajfa-835	114	23	capitalization	capitalization	NOUN
ajfa-835	114	24	.	.	PUNCT
ajfa-835	115	1	the	the	DET
ajfa-835	115	2	nse	nse	NOUN
ajfa-835	115	3	is	be	AUX
ajfa-835	115	4	the	the	DET
ajfa-835	115	5	premier	premier	ADJ
ajfa-835	115	6	exchange	exchange	NOUN
ajfa-835	115	7	of	of	ADP
ajfa-835	115	8	india	india	PROPN
ajfa-835	115	9	in	in	ADP
ajfa-835	115	10	terms	term	NOUN
ajfa-835	115	11	of	of	ADP
ajfa-835	115	12	market	market	NOUN
ajfa-835	115	13	capitalisation	capitalisation	NOUN
ajfa-835	115	14	and	and	CCONJ
ajfa-835	115	15	value	value	NOUN
ajfa-835	115	16	traded	trade	VERB
ajfa-835	115	17	.	.	PUNCT
ajfa-835	116	1	the	the	DET
ajfa-835	116	2	main	main	ADJ
ajfa-835	116	3	criteria	criterion	NOUN
ajfa-835	116	4	of	of	ADP
ajfa-835	116	5	selection	selection	NOUN
ajfa-835	116	6	of	of	ADP
ajfa-835	116	7	stocks	stock	NOUN
ajfa-835	116	8	for	for	ADP
ajfa-835	116	9	the	the	DET
ajfa-835	116	10	nifty	nifty	ADJ
ajfa-835	116	11	index	index	NOUN
ajfa-835	116	12	are	be	AUX
ajfa-835	116	13	market	market	NOUN
ajfa-835	116	14	capitalization	capitalization	NOUN
ajfa-835	116	15	,	,	PUNCT
ajfa-835	116	16	float	float	NOUN
ajfa-835	116	17	,	,	PUNCT
ajfa-835	116	18	liquidity	liquidity	NOUN
ajfa-835	116	19	and	and	CCONJ
ajfa-835	116	20	industry	industry	NOUN
ajfa-835	116	21	representation	representation	NOUN
ajfa-835	116	22	.	.	PUNCT
ajfa-835	117	1	the	the	DET
ajfa-835	117	2	index	index	NOUN
ajfa-835	117	3	is	be	AUX
ajfa-835	117	4	normally	normally	ADV
ajfa-835	117	5	reviewed	review	VERB
ajfa-835	117	6	every	every	DET
ajfa-835	117	7	six	six	NUM
ajfa-835	117	8	months	month	NOUN
ajfa-835	117	9	and	and	CCONJ
ajfa-835	117	10	six	six	NUM
ajfa-835	117	11	weeks	week	NOUN
ajfa-835	117	12	’	'	PUNCT
ajfa-835	117	13	notice	notice	NOUN
ajfa-835	117	14	is	be	AUX
ajfa-835	117	15	normally	normally	ADV
ajfa-835	117	16	given	give	VERB
ajfa-835	117	17	to	to	ADP
ajfa-835	117	18	the	the	DET
ajfa-835	117	19	market	market	NOUN
ajfa-835	117	20	after	after	ADP
ajfa-835	117	21	announcement	announcement	NOUN
ajfa-835	117	22	before	before	SCONJ
ajfa-835	117	23	change	change	NOUN
ajfa-835	117	24	is	be	AUX
ajfa-835	117	25	effected	effect	VERB
ajfa-835	117	26	.	.	PUNCT
ajfa-835	118	1	index	index	NOUN
ajfa-835	118	2	removal	removal	NOUN
ajfa-835	118	3	is	be	AUX
ajfa-835	118	4	normally	normally	ADV
ajfa-835	118	5	effected	effect	VERB
ajfa-835	118	6	either	either	CCONJ
ajfa-835	118	7	due	due	ADJ
ajfa-835	118	8	to	to	ADP
ajfa-835	118	9	corporate	corporate	ADJ
ajfa-835	118	10	actions	action	NOUN
ajfa-835	118	11	like	like	ADP
ajfa-835	118	12	restructuring	restructuring	NOUN
ajfa-835	118	13	etc	etc	X
ajfa-835	118	14	.	.	X
ajfa-835	118	15	or	or	CCONJ
ajfa-835	118	16	when	when	SCONJ
ajfa-835	118	17	market	market	NOUN
ajfa-835	118	18	capitalisation	capitalisation	NOUN
ajfa-835	118	19	of	of	ADP
ajfa-835	118	20	an	an	DET
ajfa-835	118	21	index	index	NOUN
ajfa-835	118	22	stock	stock	NOUN
ajfa-835	118	23	falls	fall	VERB
ajfa-835	118	24	below	below	ADP
ajfa-835	118	25	50	50	NUM
ajfa-835	118	26	%	%	NOUN
ajfa-835	118	27	of	of	ADP
ajfa-835	118	28	the	the	DET
ajfa-835	118	29	market	market	NOUN
ajfa-835	118	30	capitalisation	capitalisation	NOUN
ajfa-835	118	31	of	of	ADP
ajfa-835	118	32	the	the	DET
ajfa-835	118	33	top	top	ADJ
ajfa-835	118	34	most	most	ADJ
ajfa-835	118	35	stock	stock	NOUN
ajfa-835	118	36	of	of	ADP
ajfa-835	118	37	the	the	DET
ajfa-835	118	38	replacement	replacement	NOUN
ajfa-835	118	39	pool	pool	NOUN
ajfa-835	118	40	(	(	PUNCT
ajfa-835	118	41	top	top	ADJ
ajfa-835	118	42	nifty	nifty	ADJ
ajfa-835	118	43	junior	junior	ADJ
ajfa-835	118	44	stock	stock	NOUN
ajfa-835	118	45	)	)	PUNCT
ajfa-835	118	46	.	.	PUNCT
ajfa-835	119	1	normally	normally	ADV
ajfa-835	119	2	nifty	nifty	ADJ
ajfa-835	119	3	index	index	NOUN
ajfa-835	119	4	replacements	replacement	NOUN
ajfa-835	119	5	are	be	AUX
ajfa-835	119	6	top	top	ADJ
ajfa-835	119	7	most	most	ADJ
ajfa-835	119	8	stock	stock	NOUN
ajfa-835	119	9	of	of	ADP
ajfa-835	119	10	the	the	DET
ajfa-835	119	11	nifty	nifty	ADJ
ajfa-835	119	12	junior	junior	ADJ
ajfa-835	119	13	asian	asian	ADJ
ajfa-835	119	14	journal	journal	NOUN
ajfa-835	119	15	of	of	ADP
ajfa-835	119	16	finance	finance	PROPN
ajfa-835	119	17	&	&	CCONJ
ajfa-835	119	18	accounting	accounting	PROPN
ajfa-835	119	19	issn	issn	PROPN
ajfa-835	119	20	1946	1946	NUM
ajfa-835	119	21	-	-	PUNCT
ajfa-835	119	22	052x	052x	NOUN
ajfa-835	119	23	2011	2011	NUM
ajfa-835	119	24	,	,	PUNCT
ajfa-835	119	25	vol	vol	NOUN
ajfa-835	119	26	.	.	PROPN
ajfa-835	120	1	3	3	NUM
ajfa-835	120	2	,	,	PUNCT
ajfa-835	120	3	no	no	INTJ
ajfa-835	120	4	.	.	NOUN
ajfa-835	120	5	1	1	NUM
ajfa-835	120	6	:	:	PUNCT
ajfa-835	120	7	e12	e12	VERB
ajfa-835	120	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	120	9	191	191	NUM
ajfa-835	120	10	index	index	NOUN
ajfa-835	120	11	.	.	PUNCT
ajfa-835	121	1	nifty	nifty	ADJ
ajfa-835	121	2	and	and	CCONJ
ajfa-835	121	3	nifty	nifty	ADJ
ajfa-835	121	4	junior	junior	ADJ
ajfa-835	121	5	index	index	NOUN
ajfa-835	121	6	represents	represent	VERB
ajfa-835	121	7	two	two	NUM
ajfa-835	121	8	disjoint	disjoint	NOUN
ajfa-835	121	9	sets	set	NOUN
ajfa-835	121	10	together	together	ADV
ajfa-835	121	11	representing	represent	VERB
ajfa-835	121	12	the	the	DET
ajfa-835	121	13	top	top	ADJ
ajfa-835	121	14	100	100	NUM
ajfa-835	121	15	stocks	stock	NOUN
ajfa-835	121	16	in	in	ADP
ajfa-835	121	17	the	the	DET
ajfa-835	121	18	indian	indian	ADJ
ajfa-835	121	19	stock	stock	NOUN
ajfa-835	121	20	market	market	NOUN
ajfa-835	121	21	.	.	PUNCT
ajfa-835	122	1	3.2	3.2	NUM
ajfa-835	122	2	sample	sample	NOUN
ajfa-835	122	3	selection	selection	NOUN
ajfa-835	122	4	the	the	DET
ajfa-835	122	5	sample	sample	NOUN
ajfa-835	122	6	period	period	NOUN
ajfa-835	122	7	for	for	ADP
ajfa-835	122	8	this	this	DET
ajfa-835	122	9	study	study	NOUN
ajfa-835	122	10	is	be	AUX
ajfa-835	122	11	1999	1999	NUM
ajfa-835	122	12	–	–	PUNCT
ajfa-835	122	13	2010	2010	NUM
ajfa-835	122	14	,	,	PUNCT
ajfa-835	122	15	coincides	coincide	VERB
ajfa-835	122	16	the	the	DET
ajfa-835	122	17	starting	starting	NOUN
ajfa-835	122	18	year	year	NOUN
ajfa-835	122	19	of	of	ADP
ajfa-835	122	20	index	index	NOUN
ajfa-835	122	21	funds	fund	NOUN
ajfa-835	122	22	in	in	ADP
ajfa-835	122	23	india	india	PROPN
ajfa-835	122	24	.	.	PUNCT
ajfa-835	123	1	this	this	DET
ajfa-835	123	2	choice	choice	NOUN
ajfa-835	123	3	of	of	ADP
ajfa-835	123	4	the	the	DET
ajfa-835	123	5	period	period	NOUN
ajfa-835	123	6	will	will	AUX
ajfa-835	123	7	help	help	VERB
ajfa-835	123	8	us	we	PRON
ajfa-835	123	9	to	to	PART
ajfa-835	123	10	discriminate	discriminate	VERB
ajfa-835	123	11	between	between	ADP
ajfa-835	123	12	the	the	DET
ajfa-835	123	13	various	various	ADJ
ajfa-835	123	14	theories	theory	NOUN
ajfa-835	123	15	as	as	SCONJ
ajfa-835	123	16	the	the	DET
ajfa-835	123	17	index	index	NOUN
ajfa-835	123	18	funds	fund	NOUN
ajfa-835	123	19	play	play	VERB
ajfa-835	123	20	an	an	DET
ajfa-835	123	21	important	important	ADJ
ajfa-835	123	22	part	part	NOUN
ajfa-835	123	23	in	in	ADP
ajfa-835	123	24	the	the	DET
ajfa-835	123	25	price	price	NOUN
ajfa-835	123	26	pressure	pressure	NOUN
ajfa-835	123	27	hypothesis	hypothesis	NOUN
ajfa-835	123	28	.	.	PUNCT
ajfa-835	124	1	also	also	ADV
ajfa-835	124	2	details	detail	NOUN
ajfa-835	124	3	regarding	regard	VERB
ajfa-835	124	4	both	both	DET
ajfa-835	124	5	announcement	announcement	NOUN
ajfa-835	124	6	date	date	NOUN
ajfa-835	124	7	(	(	PUNCT
ajfa-835	124	8	here	here	ADV
ajfa-835	124	9	after	after	ADP
ajfa-835	124	10	ad	ad	NOUN
ajfa-835	124	11	)	)	PUNCT
ajfa-835	124	12	and	and	CCONJ
ajfa-835	124	13	effective	effective	ADJ
ajfa-835	124	14	date	date	NOUN
ajfa-835	124	15	of	of	ADP
ajfa-835	124	16	inclusion	inclusion	NOUN
ajfa-835	124	17	/	/	SYM
ajfa-835	124	18	exclusion	exclusion	NOUN
ajfa-835	124	19	(	(	PUNCT
ajfa-835	124	20	here	here	ADV
ajfa-835	124	21	after	after	ADP
ajfa-835	124	22	ed	ed	NOUN
ajfa-835	124	23	)	)	PUNCT
ajfa-835	124	24	are	be	AUX
ajfa-835	124	25	available	available	ADJ
ajfa-835	124	26	only	only	ADV
ajfa-835	124	27	from	from	ADP
ajfa-835	124	28	1998	1998	NUM
ajfa-835	124	29	onwards	onwards	ADP
ajfa-835	124	30	.	.	PUNCT
ajfa-835	125	1	the	the	DET
ajfa-835	125	2	daily	daily	ADJ
ajfa-835	125	3	data	datum	NOUN
ajfa-835	125	4	from	from	ADP
ajfa-835	125	5	www.nse-india.com	www.nse-india.com	PROPN
ajfa-835	125	6	is	be	AUX
ajfa-835	125	7	used	use	VERB
ajfa-835	125	8	to	to	PART
ajfa-835	125	9	calculate	calculate	VERB
ajfa-835	125	10	daily	daily	ADJ
ajfa-835	125	11	return	return	NOUN
ajfa-835	125	12	and	and	CCONJ
ajfa-835	125	13	daily	daily	ADJ
ajfa-835	125	14	volume	volume	NOUN
ajfa-835	125	15	of	of	ADP
ajfa-835	125	16	the	the	DET
ajfa-835	125	17	added	add	VERB
ajfa-835	125	18	stocks	stock	NOUN
ajfa-835	125	19	and	and	CCONJ
ajfa-835	125	20	nifty	nifty	ADJ
ajfa-835	125	21	index	index	NOUN
ajfa-835	125	22	.	.	PUNCT
ajfa-835	126	1	the	the	DET
ajfa-835	126	2	sample	sample	NOUN
ajfa-835	126	3	consists	consist	VERB
ajfa-835	126	4	of	of	ADP
ajfa-835	126	5	41	41	NUM
ajfa-835	126	6	inclusions	inclusion	NOUN
ajfa-835	126	7	and	and	CCONJ
ajfa-835	126	8	30	30	NUM
ajfa-835	126	9	deletions	deletion	NOUN
ajfa-835	126	10	.	.	PUNCT
ajfa-835	127	1	the	the	DET
ajfa-835	127	2	following	follow	VERB
ajfa-835	127	3	stocks	stock	NOUN
ajfa-835	127	4	are	be	AUX
ajfa-835	127	5	not	not	PART
ajfa-835	127	6	considered	consider	VERB
ajfa-835	127	7	:	:	PUNCT
ajfa-835	127	8	stocks	stock	NOUN
ajfa-835	127	9	arising	arise	VERB
ajfa-835	127	10	out	out	ADP
ajfa-835	127	11	of	of	ADP
ajfa-835	127	12	corporate	corporate	ADJ
ajfa-835	127	13	restructuring	restructuring	NOUN
ajfa-835	127	14	,	,	PUNCT
ajfa-835	127	15	stocks	stock	NOUN
ajfa-835	127	16	which	which	PRON
ajfa-835	127	17	do	do	AUX
ajfa-835	127	18	not	not	PART
ajfa-835	127	19	have	have	VERB
ajfa-835	127	20	trading	trade	VERB
ajfa-835	127	21	history	history	NOUN
ajfa-835	127	22	for	for	ADP
ajfa-835	127	23	at	at	ADV
ajfa-835	127	24	least	least	ADV
ajfa-835	127	25	100	100	NUM
ajfa-835	127	26	trading	trading	NOUN
ajfa-835	127	27	days	day	NOUN
ajfa-835	127	28	prior	prior	ADV
ajfa-835	127	29	to	to	ADP
ajfa-835	127	30	the	the	DET
ajfa-835	127	31	announcement	announcement	NOUN
ajfa-835	127	32	date	date	NOUN
ajfa-835	127	33	in	in	ADP
ajfa-835	127	34	the	the	DET
ajfa-835	127	35	case	case	NOUN
ajfa-835	127	36	of	of	ADP
ajfa-835	127	37	additions	addition	NOUN
ajfa-835	127	38	and	and	CCONJ
ajfa-835	127	39	at	at	ADP
ajfa-835	127	40	least	least	ADJ
ajfa-835	127	41	70	70	NUM
ajfa-835	127	42	trading	trading	NOUN
ajfa-835	127	43	days	day	NOUN
ajfa-835	127	44	post	post	NOUN
ajfa-835	127	45	deletion	deletion	NOUN
ajfa-835	127	46	in	in	ADP
ajfa-835	127	47	the	the	DET
ajfa-835	127	48	case	case	NOUN
ajfa-835	127	49	of	of	ADP
ajfa-835	127	50	deletions	deletion	NOUN
ajfa-835	127	51	.	.	PUNCT
ajfa-835	128	1	the	the	DET
ajfa-835	128	2	total	total	ADJ
ajfa-835	128	3	number	number	NOUN
ajfa-835	128	4	of	of	ADP
ajfa-835	128	5	nifty	nifty	ADJ
ajfa-835	128	6	index	index	NOUN
ajfa-835	128	7	changes	change	NOUN
ajfa-835	128	8	for	for	ADP
ajfa-835	128	9	the	the	DET
ajfa-835	128	10	1999	1999	NUM
ajfa-835	128	11	-	-	SYM
ajfa-835	128	12	2010	2010	NUM
ajfa-835	128	13	period	period	NOUN
ajfa-835	128	14	is	be	AUX
ajfa-835	128	15	54	54	NUM
ajfa-835	128	16	.	.	PUNCT
ajfa-835	129	1	the	the	DET
ajfa-835	129	2	total	total	ADJ
ajfa-835	129	3	number	number	NOUN
ajfa-835	129	4	of	of	ADP
ajfa-835	129	5	stocks	stock	NOUN
ajfa-835	129	6	available	available	ADJ
ajfa-835	129	7	for	for	ADP
ajfa-835	129	8	research	research	NOUN
ajfa-835	129	9	after	after	SCONJ
ajfa-835	129	10	the	the	DET
ajfa-835	129	11	elimination	elimination	NOUN
ajfa-835	129	12	is	be	AUX
ajfa-835	129	13	41	41	NUM
ajfa-835	129	14	in	in	ADP
ajfa-835	129	15	the	the	DET
ajfa-835	129	16	case	case	NOUN
ajfa-835	129	17	of	of	ADP
ajfa-835	129	18	additions	addition	NOUN
ajfa-835	129	19	and	and	CCONJ
ajfa-835	129	20	30	30	NUM
ajfa-835	129	21	in	in	ADP
ajfa-835	129	22	the	the	DET
ajfa-835	129	23	case	case	NOUN
ajfa-835	129	24	of	of	ADP
ajfa-835	129	25	deletions	deletion	NOUN
ajfa-835	129	26	.	.	PUNCT
ajfa-835	130	1	the	the	DET
ajfa-835	130	2	sample	sample	NOUN
ajfa-835	130	3	is	be	AUX
ajfa-835	130	4	separated	separate	VERB
ajfa-835	130	5	into	into	ADP
ajfa-835	130	6	two	two	NUM
ajfa-835	130	7	periods	period	NOUN
ajfa-835	130	8	namely	namely	ADV
ajfa-835	130	9	,	,	PUNCT
ajfa-835	130	10	1999	1999	NUM
ajfa-835	130	11	2006	2006	NUM
ajfa-835	130	12	and	and	CCONJ
ajfa-835	130	13	2007	2007	NUM
ajfa-835	130	14	–	–	PUNCT
ajfa-835	130	15	2010	2010	NUM
ajfa-835	130	16	as	as	SCONJ
ajfa-835	130	17	the	the	DET
ajfa-835	130	18	latter	latter	ADJ
ajfa-835	130	19	period	period	NOUN
ajfa-835	130	20	is	be	AUX
ajfa-835	130	21	marked	mark	VERB
ajfa-835	130	22	by	by	ADP
ajfa-835	130	23	increased	increase	VERB
ajfa-835	130	24	fund	fund	NOUN
ajfa-835	130	25	activity	activity	NOUN
ajfa-835	130	26	and	and	CCONJ
ajfa-835	130	27	participation	participation	NOUN
ajfa-835	130	28	and	and	CCONJ
ajfa-835	130	29	is	be	AUX
ajfa-835	130	30	more	more	ADV
ajfa-835	130	31	representative	representative	ADJ
ajfa-835	130	32	for	for	ADP
ajfa-835	130	33	the	the	DET
ajfa-835	130	34	current	current	ADJ
ajfa-835	130	35	market	market	NOUN
ajfa-835	130	36	activity	activity	NOUN
ajfa-835	130	37	.	.	PUNCT
ajfa-835	131	1	3.3	3.3	NUM
ajfa-835	131	2	return	return	NOUN
ajfa-835	131	3	and	and	CCONJ
ajfa-835	131	4	volume	volume	NOUN
ajfa-835	131	5	daily	daily	ADJ
ajfa-835	131	6	return	return	NOUN
ajfa-835	131	7	rt	rt	PROPN
ajfa-835	131	8	is	be	AUX
ajfa-835	131	9	calculated	calculate	VERB
ajfa-835	131	10	as	as	ADP
ajfa-835	131	11	rt	rt	PROPN
ajfa-835	131	12	=	=	PROPN
ajfa-835	131	13	ln	ln	PROPN
ajfa-835	131	14	(	(	PUNCT
ajfa-835	131	15	pt	pt	INTJ
ajfa-835	131	16	)	)	PUNCT
ajfa-835	131	17	ln	ln	NOUN
ajfa-835	131	18	(	(	PUNCT
ajfa-835	131	19	pt-1	pt-1	ADV
ajfa-835	131	20	)	)	PUNCT
ajfa-835	131	21	(	(	PUNCT
ajfa-835	131	22	1	1	X
ajfa-835	131	23	)	)	PUNCT
ajfa-835	131	24	where	where	SCONJ
ajfa-835	131	25	pt	pt	PROPN
ajfa-835	131	26	is	be	AUX
ajfa-835	131	27	the	the	DET
ajfa-835	131	28	stock	stock	NOUN
ajfa-835	131	29	/	/	SYM
ajfa-835	131	30	nifty	nifty	ADJ
ajfa-835	131	31	index	index	NOUN
ajfa-835	131	32	/	/	SYM
ajfa-835	131	33	nifty	nifty	ADJ
ajfa-835	131	34	junior	junior	ADJ
ajfa-835	131	35	closing	closing	NOUN
ajfa-835	131	36	price	price	NOUN
ajfa-835	131	37	at	at	ADP
ajfa-835	131	38	time	time	NOUN
ajfa-835	131	39	t	t	PROPN
ajfa-835	131	40	and	and	CCONJ
ajfa-835	131	41	pt-1	pt-1	ADV
ajfa-835	131	42	is	be	AUX
ajfa-835	131	43	the	the	DET
ajfa-835	131	44	stock	stock	NOUN
ajfa-835	131	45	/	/	SYM
ajfa-835	131	46	nifty	nifty	ADJ
ajfa-835	131	47	index	index	NOUN
ajfa-835	131	48	/	/	SYM
ajfa-835	131	49	nifty	nifty	ADJ
ajfa-835	131	50	junior	junior	ADJ
ajfa-835	131	51	closing	closing	NOUN
ajfa-835	131	52	price	price	NOUN
ajfa-835	131	53	at	at	ADP
ajfa-835	131	54	time	time	NOUN
ajfa-835	131	55	t-1	t-1	PROPN
ajfa-835	131	56	.	.	PUNCT
ajfa-835	132	1	the	the	DET
ajfa-835	132	2	volume	volume	NOUN
ajfa-835	132	3	effect	effect	NOUN
ajfa-835	132	4	is	be	AUX
ajfa-835	132	5	studied	study	VERB
ajfa-835	132	6	in	in	ADP
ajfa-835	132	7	the	the	DET
ajfa-835	132	8	spirit	spirit	NOUN
ajfa-835	132	9	of	of	ADP
ajfa-835	132	10	harris	harris	PROPN
ajfa-835	132	11	and	and	CCONJ
ajfa-835	132	12	gurel(1986	gurel(1986	PROPN
ajfa-835	132	13	)	)	PUNCT
ajfa-835	132	14	where	where	SCONJ
ajfa-835	132	15	volume	volume	NOUN
ajfa-835	132	16	ratio	ratio	NOUN
ajfa-835	132	17	vr	vr	NOUN
ajfa-835	132	18	=	=	PUNCT
ajfa-835	132	19	(	(	PUNCT
ajfa-835	132	20	vit	vit	NOUN
ajfa-835	132	21	/vmt	/vmt	PUNCT
ajfa-835	132	22	)	)	PUNCT
ajfa-835	132	23	÷	÷	PUNCT
ajfa-835	133	1	(	(	PUNCT
ajfa-835	133	2	vi	vi	PROPN
ajfa-835	133	3	/	/	SYM
ajfa-835	133	4	vm	vm	NOUN
ajfa-835	133	5	)	)	PUNCT
ajfa-835	133	6	(	(	PUNCT
ajfa-835	133	7	2	2	X
ajfa-835	133	8	)	)	PUNCT
ajfa-835	133	9	where	where	SCONJ
ajfa-835	133	10	vit	vit	NOUN
ajfa-835	133	11	and	and	CCONJ
ajfa-835	133	12	vmt	vmt	PROPN
ajfa-835	133	13	are	be	AUX
ajfa-835	133	14	the	the	DET
ajfa-835	133	15	trading	trading	NOUN
ajfa-835	133	16	volumes	volume	NOUN
ajfa-835	133	17	at	at	ADP
ajfa-835	133	18	time	time	NOUN
ajfa-835	133	19	‘	'	PUNCT
ajfa-835	133	20	t	t	NOUN
ajfa-835	133	21	’	'	PUNCT
ajfa-835	133	22	of	of	ADP
ajfa-835	133	23	security	security	NOUN
ajfa-835	133	24	i	i	PRON
ajfa-835	133	25	and	and	CCONJ
ajfa-835	133	26	the	the	DET
ajfa-835	133	27	total	total	ADJ
ajfa-835	133	28	nse	nse	NOUN
ajfa-835	133	29	respectively	respectively	ADV
ajfa-835	133	30	,	,	PUNCT
ajfa-835	133	31	and	and	CCONJ
ajfa-835	133	32	vi	vi	PROPN
ajfa-835	133	33	and	and	CCONJ
ajfa-835	133	34	vm	vm	PROPN
ajfa-835	133	35	are	be	AUX
ajfa-835	133	36	the	the	DET
ajfa-835	133	37	average	average	ADJ
ajfa-835	133	38	trading	trading	NOUN
ajfa-835	133	39	volumes	volume	NOUN
ajfa-835	133	40	of	of	ADP
ajfa-835	133	41	the	the	DET
ajfa-835	133	42	security	security	NOUN
ajfa-835	133	43	i	i	PRON
ajfa-835	133	44	and	and	CCONJ
ajfa-835	133	45	total	total	ADJ
ajfa-835	133	46	nse	nse	NOUN
ajfa-835	133	47	for	for	ADP
ajfa-835	133	48	the	the	DET
ajfa-835	133	49	period	period	NOUN
ajfa-835	133	50	ad-70(70	ad-70(70	ADJ
ajfa-835	133	51	days	day	NOUN
ajfa-835	133	52	before	before	ADP
ajfa-835	133	53	announcement	announcement	NOUN
ajfa-835	133	54	)	)	PUNCT
ajfa-835	133	55	through	through	ADP
ajfa-835	133	56	ad-10	ad-10	PRON
ajfa-835	133	57	.	.	PUNCT
ajfa-835	134	1	the	the	DET
ajfa-835	134	2	calculated	calculate	VERB
ajfa-835	134	3	daily	daily	ADJ
ajfa-835	134	4	vr	vr	PROPN
ajfa-835	134	5	is	be	AUX
ajfa-835	134	6	used	use	VERB
ajfa-835	134	7	to	to	PART
ajfa-835	134	8	calculate	calculate	VERB
ajfa-835	134	9	the	the	DET
ajfa-835	134	10	‘	'	PUNCT
ajfa-835	134	11	vr	vr	NOUN
ajfa-835	134	12	’	'	PUNCT
ajfa-835	134	13	for	for	ADP
ajfa-835	134	14	the	the	DET
ajfa-835	134	15	period	period	NOUN
ajfa-835	134	16	ed+10	ed+10	NOUN
ajfa-835	134	17	to	to	ADP
ajfa-835	134	18	ed+70	ed+70	PROPN
ajfa-835	134	19	.	.	PUNCT
ajfa-835	135	1	the	the	DET
ajfa-835	135	2	volume	volume	NOUN
ajfa-835	135	3	ratio6	ratio6	NOUN
ajfa-835	135	4	should	should	AUX
ajfa-835	135	5	have	have	VERB
ajfa-835	135	6	a	a	DET
ajfa-835	135	7	value	value	NOUN
ajfa-835	135	8	of	of	ADP
ajfa-835	135	9	‘	'	PUNCT
ajfa-835	135	10	one	one	NUM
ajfa-835	135	11	’	'	PUNCT
ajfa-835	135	12	under	under	ADP
ajfa-835	135	13	null	null	ADJ
ajfa-835	135	14	hypothesis	hypothesis	NOUN
ajfa-835	135	15	.	.	PUNCT
ajfa-835	136	1	if	if	SCONJ
ajfa-835	136	2	for	for	ADP
ajfa-835	136	3	a	a	DET
ajfa-835	136	4	stock	stock	NOUN
ajfa-835	136	5	vr>1	vr>1	NOUN
ajfa-835	136	6	,	,	PUNCT
ajfa-835	136	7	then	then	ADV
ajfa-835	136	8	post	post	VERB
ajfa-835	136	9	inclusion	inclusion	NOUN
ajfa-835	136	10	volume	volume	NOUN
ajfa-835	136	11	is	be	AUX
ajfa-835	136	12	more	more	ADJ
ajfa-835	136	13	than	than	ADP
ajfa-835	136	14	the	the	DET
ajfa-835	136	15	pre	pre	ADJ
ajfa-835	136	16	inclusion	inclusion	NOUN
ajfa-835	136	17	volume	volume	NOUN
ajfa-835	136	18	and	and	CCONJ
ajfa-835	136	19	vice	vice	NOUN
ajfa-835	136	20	versa	versa	ADV
ajfa-835	136	21	.	.	PUNCT
ajfa-835	137	1	4.4	4.4	NUM
ajfa-835	137	2	descriptive	descriptive	ADJ
ajfa-835	137	3	statistics	statistic	NOUN
ajfa-835	137	4	table	table	NOUN
ajfa-835	137	5	1	1	NUM
ajfa-835	137	6	describes	describe	VERB
ajfa-835	137	7	the	the	DET
ajfa-835	137	8	growth	growth	NOUN
ajfa-835	137	9	of	of	ADP
ajfa-835	137	10	market	market	NOUN
ajfa-835	137	11	capitalization	capitalization	NOUN
ajfa-835	137	12	,	,	PUNCT
ajfa-835	137	13	mutual	mutual	ADJ
ajfa-835	137	14	funds	fund	NOUN
ajfa-835	137	15	and	and	CCONJ
ajfa-835	137	16	average	average	ADJ
ajfa-835	137	17	trading	trading	NOUN
ajfa-835	137	18	volume	volume	NOUN
ajfa-835	137	19	from	from	ADP
ajfa-835	137	20	the	the	DET
ajfa-835	137	21	year	year	NOUN
ajfa-835	137	22	1999	1999	NUM
ajfa-835	137	23	to	to	ADP
ajfa-835	137	24	2009	2009	NUM
ajfa-835	137	25	.	.	PUNCT
ajfa-835	138	1	the	the	DET
ajfa-835	138	2	table	table	NOUN
ajfa-835	138	3	1	1	NUM
ajfa-835	138	4	also	also	ADV
ajfa-835	138	5	details	detail	VERB
ajfa-835	138	6	the	the	DET
ajfa-835	138	7	number	number	NOUN
ajfa-835	138	8	of	of	ADP
ajfa-835	138	9	yearly	yearly	ADJ
ajfa-835	138	10	additions	addition	NOUN
ajfa-835	138	11	to	to	ADP
ajfa-835	138	12	the	the	DET
ajfa-835	138	13	nifty	nifty	ADJ
ajfa-835	138	14	index	index	NOUN
ajfa-835	138	15	and	and	CCONJ
ajfa-835	138	16	the	the	DET
ajfa-835	138	17	beta	beta	NOUN
ajfa-835	138	18	change	change	NOUN
ajfa-835	138	19	for	for	ADP
ajfa-835	138	20	the	the	DET
ajfa-835	138	21	added	add	VERB
ajfa-835	138	22	stocks	stock	NOUN
ajfa-835	138	23	after	after	ADP
ajfa-835	138	24	inclusion	inclusion	NOUN
ajfa-835	138	25	into	into	ADP
ajfa-835	138	26	the	the	DET
ajfa-835	138	27	index	index	NOUN
ajfa-835	138	28	.	.	PUNCT
ajfa-835	139	1	there	there	ADV
ajfa-835	139	2	6	6	NUM
ajfa-835	139	3	volume	volume	NOUN
ajfa-835	139	4	in	in	ADP
ajfa-835	139	5	this	this	DET
ajfa-835	139	6	study	study	NOUN
ajfa-835	139	7	is	be	AUX
ajfa-835	139	8	the	the	DET
ajfa-835	139	9	number	number	NOUN
ajfa-835	139	10	of	of	ADP
ajfa-835	139	11	shares	share	NOUN
ajfa-835	139	12	traded	trade	VERB
ajfa-835	139	13	.	.	PUNCT
ajfa-835	140	1	the	the	DET
ajfa-835	140	2	stock	stock	NOUN
ajfa-835	140	3	volume	volume	NOUN
ajfa-835	140	4	is	be	AUX
ajfa-835	140	5	standarised	standarise	VERB
ajfa-835	140	6	using	use	VERB
ajfa-835	140	7	the	the	DET
ajfa-835	140	8	total	total	ADJ
ajfa-835	140	9	nse	nse	NOUN
ajfa-835	140	10	market	market	NOUN
ajfa-835	140	11	volume	volume	NOUN
ajfa-835	140	12	.	.	PUNCT
ajfa-835	141	1	the	the	DET
ajfa-835	141	2	calculation	calculation	NOUN
ajfa-835	141	3	of	of	ADP
ajfa-835	141	4	volume	volume	NOUN
ajfa-835	141	5	ratio	ratio	NOUN
ajfa-835	141	6	takes	take	VERB
ajfa-835	141	7	into	into	ADP
ajfa-835	141	8	account	account	NOUN
ajfa-835	141	9	the	the	DET
ajfa-835	141	10	capitalization	capitalization	NOUN
ajfa-835	141	11	changes	change	VERB
ajfa-835	141	12	asian	asian	ADJ
ajfa-835	141	13	journal	journal	NOUN
ajfa-835	141	14	of	of	ADP
ajfa-835	141	15	finance	finance	PROPN
ajfa-835	141	16	&	&	CCONJ
ajfa-835	141	17	accounting	accounting	PROPN
ajfa-835	141	18	issn	issn	PROPN
ajfa-835	141	19	1946	1946	NUM
ajfa-835	141	20	-	-	PUNCT
ajfa-835	141	21	052x	052x	NOUN
ajfa-835	141	22	2011	2011	NUM
ajfa-835	141	23	,	,	PUNCT
ajfa-835	141	24	vol	vol	NOUN
ajfa-835	141	25	.	.	PROPN
ajfa-835	142	1	3	3	NUM
ajfa-835	142	2	,	,	PUNCT
ajfa-835	142	3	no	no	INTJ
ajfa-835	142	4	.	.	NOUN
ajfa-835	142	5	1	1	NUM
ajfa-835	142	6	:	:	PUNCT
ajfa-835	142	7	e12	e12	NOUN
ajfa-835	142	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-835	142	9	192	192	NUM
ajfa-835	142	10	is	be	AUX
ajfa-835	142	11	a	a	DET
ajfa-835	142	12	steep	steep	ADJ
ajfa-835	142	13	increase	increase	NOUN
ajfa-835	142	14	in	in	ADP
ajfa-835	142	15	all	all	DET
ajfa-835	142	16	the	the	DET
ajfa-835	142	17	variables	variable	NOUN
ajfa-835	142	18	like	like	ADP
ajfa-835	142	19	market	market	NOUN
ajfa-835	142	20	capitalization	capitalization	NOUN
ajfa-835	142	21	,	,	PUNCT
ajfa-835	142	22	mutual	mutual	ADJ
ajfa-835	142	23	funds	fund	NOUN
ajfa-835	142	24	assets	asset	NOUN
ajfa-835	142	25	and	and	CCONJ
ajfa-835	142	26	average	average	ADJ
ajfa-835	142	27	daily	daily	ADJ
ajfa-835	142	28	trading	trading	NOUN
ajfa-835	142	29	volume	volume	NOUN
ajfa-835	142	30	except	except	SCONJ
ajfa-835	142	31	for	for	ADP
ajfa-835	142	32	the	the	DET
ajfa-835	142	33	years	year	NOUN
ajfa-835	142	34	2001	2001	NUM
ajfa-835	142	35	and	and	CCONJ
ajfa-835	142	36	2008	2008	NUM
ajfa-835	142	37	suggesting	suggest	VERB
ajfa-835	142	38	increased	increase	VERB
ajfa-835	142	39	participation	participation	NOUN
ajfa-835	142	40	from	from	ADP
ajfa-835	142	41	various	various	ADJ
ajfa-835	142	42	market	market	NOUN
ajfa-835	142	43	players	player	NOUN
ajfa-835	142	44	..	..	PUNCT
ajfa-835	142	45	table	table	NOUN
ajfa-835	142	46	1	1	NUM
ajfa-835	142	47	.	.	PUNCT
ajfa-835	143	1	yearwise	yearwise	ADJ
ajfa-835	143	2	ed	ed	PROPN
ajfa-835	143	3	abnormal	abnormal	ADJ
ajfa-835	143	4	return	return	NOUN
ajfa-835	143	5	and	and	CCONJ
ajfa-835	143	6	beta	beta	NOUN
ajfa-835	143	7	change	change	NOUN
ajfa-835	143	8	is	be	AUX
ajfa-835	143	9	given	give	VERB
ajfa-835	143	10	for	for	ADP
ajfa-835	143	11	the	the	DET
ajfa-835	143	12	period	period	NOUN
ajfa-835	143	13	1999	1999	NUM
ajfa-835	143	14	-	-	SYM
ajfa-835	143	15	2010	2010	NUM
ajfa-835	143	16	in	in	ADP
ajfa-835	143	17	order	order	NOUN
ajfa-835	143	18	to	to	PART
ajfa-835	143	19	verify	verify	VERB
ajfa-835	143	20	whether	whether	SCONJ
ajfa-835	143	21	the	the	DET
ajfa-835	143	22	beta	beta	NOUN
ajfa-835	143	23	change	change	NOUN
ajfa-835	143	24	is	be	AUX
ajfa-835	143	25	stronger	strong	ADJ
ajfa-835	143	26	in	in	ADP
ajfa-835	143	27	the	the	DET
ajfa-835	143	28	latest	late	ADJ
ajfa-835	143	29	data	datum	NOUN
ajfa-835	143	30	.	.	PUNCT
ajfa-835	144	1	year	year	NOUN
ajfa-835	144	2	number	number	NOUN
ajfa-835	144	3	of	of	ADP
ajfa-835	144	4	additions	addition	NOUN
ajfa-835	144	5	beta	beta	NOUN
ajfa-835	144	6	change	change	NOUN
ajfa-835	144	7	average	average	ADJ
ajfa-835	144	8	assets	asset	NOUN
ajfa-835	144	9	under	under	ADP
ajfa-835	144	10	mutual	mutual	ADJ
ajfa-835	144	11	funds	fund	NOUN
ajfa-835	144	12	in	in	ADP
ajfa-835	144	13	rs	r	NOUN
ajfa-835	144	14	.	.	PUNCT
ajfa-835	145	1	millions	million	NOUN
ajfa-835	145	2	market	market	NOUN
ajfa-835	145	3	capitalisation	capitalisation	NOUN
ajfa-835	145	4	in	in	ADP
ajfa-835	145	5	rs	r	NOUN
ajfa-835	145	6	.	.	PUNCT
ajfa-835	146	1	millions	million	NOUN
ajfa-835	146	2	average	average	ADJ
ajfa-835	146	3	daily	daily	ADJ
ajfa-835	146	4	trading	trading	NOUN
ajfa-835	146	5	volume	volume	NOUN
ajfa-835	146	6	in	in	ADP
ajfa-835	146	7	rs	r	NOUN
ajfa-835	146	8	.	.	PUNCT
ajfa-835	147	1	millions	million	NOUN
ajfa-835	147	2	1999	1999	NUM
ajfa-835	147	3	5	5	NUM
ajfa-835	147	4	-0.219	-0.219	NUM
ajfa-835	147	5	970280	970280	NUM
ajfa-835	147	6	10204260	10204260	NUM
ajfa-835	147	7	33030	33030	NUM
ajfa-835	147	8	2000	2000	NUM
ajfa-835	147	9	4	4	NUM
ajfa-835	147	10	0.423	0.423	NUM
ajfa-835	147	11	993260	993260	NUM
ajfa-835	147	12	6578470	6578470	NUM
ajfa-835	147	13	53370	53370	NUM
ajfa-835	147	14	2001	2001	NUM
ajfa-835	147	15	0	0	SYM
ajfa-835	147	16	0	0	NUM
ajfa-835	147	17	1018220	1018220	NUM
ajfa-835	147	18	6368610	6368610	NUM
ajfa-835	147	19	20780	20780	NUM
ajfa-835	147	20	2002	2002	NUM
ajfa-835	147	21	6	6	NUM
ajfa-835	147	22	0.167	0.167	NUM
ajfa-835	147	23	1226600	1226600	NUM
ajfa-835	147	24	5371330	5371330	NUM
ajfa-835	147	25	24620	24620	NUM
ajfa-835	147	26	2003	2003	NUM
ajfa-835	147	27	3	3	NUM
ajfa-835	147	28	0.088	0.088	NUM
ajfa-835	147	29	1400930	1400930	NUM
ajfa-835	147	30	11209760	11209760	NUM
ajfa-835	147	31	43290	43290	NUM
ajfa-835	147	32	2004	2004	NUM
ajfa-835	147	33	4	4	NUM
ajfa-835	147	34	0.049	0.049	NUM
ajfa-835	147	35	1505370	1505370	NUM
ajfa-835	147	36	15855850	15855850	NUM
ajfa-835	147	37	45060	45060	NUM
ajfa-835	147	38	2005	2005	NUM
ajfa-835	147	39	2	2	NUM
ajfa-835	147	40	0.515	0.515	NUM
ajfa-835	147	41	1992480	1992480	NUM
ajfa-835	147	42	28132010	28132010	NUM
ajfa-835	147	43	62530	62530	NUM
ajfa-835	147	44	2006	2006	NUM
ajfa-835	147	45	2	2	NUM
ajfa-835	147	46	0.182	0.182	NUM
ajfa-835	147	47	3235970	3235970	NUM
ajfa-835	147	48	33673500	33673500	NUM
ajfa-835	147	49	78120	78120	NUM
ajfa-835	147	50	2007	2007	NUM
ajfa-835	147	51	6	6	NUM
ajfa-835	147	52	0.37	0.37	NUM
ajfa-835	147	53	5499360	5499360	NUM
ajfa-835	147	54	48581220	48581220	NUM
ajfa-835	147	55	41480	41480	NUM
ajfa-835	147	56	2008	2008	NUM
ajfa-835	147	57	3	3	NUM
ajfa-835	147	58	0.057	0.057	NUM
ajfa-835	147	59	4211170	4211170	NUM
ajfa-835	147	60	28961940	28961940	NUM
ajfa-835	147	61	113250	113250	NUM
ajfa-835	147	62	2009	2009	NUM
ajfa-835	147	63	6	6	NUM
ajfa-835	147	64	-0.031	-0.031	NOUN
ajfa-835	147	65	7944860	7944860	NUM
ajfa-835	147	66	60091730	60091730	NUM
ajfa-835	147	67	169590	169590	NUM
ajfa-835	148	1	the	the	DET
ajfa-835	148	2	data	datum	NOUN
ajfa-835	148	3	is	be	AUX
ajfa-835	148	4	given	give	VERB
ajfa-835	148	5	for	for	ADP
ajfa-835	148	6	the	the	DET
ajfa-835	148	7	period	period	NOUN
ajfa-835	148	8	1999	1999	NUM
ajfa-835	148	9	-	-	SYM
ajfa-835	148	10	2010	2010	NUM
ajfa-835	148	11	.	.	PUNCT
ajfa-835	149	1	the	the	DET
ajfa-835	149	2	number	number	NOUN
ajfa-835	149	3	of	of	ADP
ajfa-835	149	4	additions	addition	NOUN
ajfa-835	149	5	to	to	ADP
ajfa-835	149	6	nifty	nifty	ADJ
ajfa-835	149	7	index	index	NOUN
ajfa-835	149	8	each	each	DET
ajfa-835	149	9	year	year	NOUN
ajfa-835	149	10	.	.	PUNCT
ajfa-835	150	1	the	the	DET
ajfa-835	150	2	daily	daily	ADJ
ajfa-835	150	3	pre	pre	ADJ
ajfa-835	150	4	-	-	ADJ
ajfa-835	150	5	event	event	ADJ
ajfa-835	150	6	regression	regression	NOUN
ajfa-835	150	7	is	be	AUX
ajfa-835	150	8	run	run	VERB
ajfa-835	150	9	for	for	ADP
ajfa-835	150	10	the	the	DET
ajfa-835	150	11	period	period	NOUN
ajfa-835	150	12	ad-130	ad-130	NOUN
ajfa-835	150	13	to	to	ADP
ajfa-835	150	14	ad-11	ad-11	PUNCT
ajfa-835	150	15	(	(	PUNCT
ajfa-835	150	16	120	120	NUM
ajfa-835	150	17	trading	trading	NOUN
ajfa-835	150	18	days	day	NOUN
ajfa-835	150	19	)	)	PUNCT
ajfa-835	150	20	.	.	PUNCT
ajfa-835	151	1	the	the	DET
ajfa-835	151	2	daily	daily	ADJ
ajfa-835	151	3	post	post	NOUN
ajfa-835	151	4	event	event	NOUN
ajfa-835	151	5	regression	regression	NOUN
ajfa-835	151	6	is	be	AUX
ajfa-835	151	7	run	run	VERB
ajfa-835	151	8	for	for	ADP
ajfa-835	151	9	ed+10	ed+10	PROPN
ajfa-835	151	10	to	to	PART
ajfa-835	151	11	ed+130	ed+130	PROPN
ajfa-835	151	12	.	.	PUNCT
ajfa-835	152	1	when	when	SCONJ
ajfa-835	152	2	data	datum	NOUN
ajfa-835	152	3	for	for	ADP
ajfa-835	152	4	130	130	NUM
ajfa-835	152	5	days	day	NOUN
ajfa-835	152	6	are	be	AUX
ajfa-835	152	7	not	not	PART
ajfa-835	152	8	available	available	ADJ
ajfa-835	152	9	,	,	PUNCT
ajfa-835	152	10	the	the	DET
ajfa-835	152	11	estimation	estimation	NOUN
ajfa-835	152	12	period	period	NOUN
ajfa-835	152	13	is	be	AUX
ajfa-835	152	14	shortened	shorten	VERB
ajfa-835	152	15	to	to	ADP
ajfa-835	152	16	90	90	NUM
ajfa-835	152	17	days	day	NOUN
ajfa-835	152	18	in	in	ADP
ajfa-835	152	19	case	case	NOUN
ajfa-835	152	20	of	of	ADP
ajfa-835	152	21	addition	addition	NOUN
ajfa-835	152	22	and	and	CCONJ
ajfa-835	152	23	60	60	NUM
ajfa-835	152	24	days	day	NOUN
ajfa-835	152	25	in	in	ADP
ajfa-835	152	26	case	case	NOUN
ajfa-835	152	27	of	of	ADP
ajfa-835	152	28	deletion	deletion	NOUN
ajfa-835	152	29	.	.	PUNCT
ajfa-835	153	1	the	the	DET
ajfa-835	153	2	point	point	NOUN
ajfa-835	153	3	of	of	ADP
ajfa-835	153	4	interest	interest	NOUN
ajfa-835	153	5	is	be	AUX
ajfa-835	153	6	the	the	DET
ajfa-835	153	7	difference	difference	NOUN
ajfa-835	153	8	‘	'	PUNCT
ajfa-835	153	9	βc	βc	NUM
ajfa-835	153	10	’	'	PUNCT
ajfa-835	153	11	which	which	PRON
ajfa-835	153	12	is	be	AUX
ajfa-835	153	13	calculated	calculate	VERB
ajfa-835	153	14	for	for	ADP
ajfa-835	153	15	each	each	DET
ajfa-835	153	16	added	add	VERB
ajfa-835	153	17	/	/	SYM
ajfa-835	153	18	deleted	delete	VERB
ajfa-835	153	19	stock	stock	NOUN
ajfa-835	153	20	by	by	ADP
ajfa-835	153	21	subtracting	subtract	VERB
ajfa-835	153	22	the	the	DET
ajfa-835	153	23	pre	pre	ADJ
ajfa-835	153	24	event	event	NOUN
ajfa-835	153	25	beta	beta	NOUN
ajfa-835	153	26	from	from	ADP
ajfa-835	153	27	the	the	DET
ajfa-835	153	28	post	post	NOUN
ajfa-835	153	29	event	event	NOUN
ajfa-835	153	30	beta	beta	NOUN
ajfa-835	153	31	.	.	PUNCT
ajfa-835	154	1	the	the	DET
ajfa-835	154	2	mean	mean	ADJ
ajfa-835	154	3	yearly	yearly	ADJ
ajfa-835	154	4	beta	beta	NOUN
ajfa-835	154	5	is	be	AUX
ajfa-835	154	6	the	the	DET
ajfa-835	154	7	average	average	ADJ
ajfa-835	154	8	beta	beta	NOUN
ajfa-835	154	9	of	of	ADP
ajfa-835	154	10	all	all	DET
ajfa-835	154	11	the	the	DET
ajfa-835	154	12	added	add	VERB
ajfa-835	154	13	stocks	stock	NOUN
ajfa-835	154	14	in	in	ADP
ajfa-835	154	15	a	a	DET
ajfa-835	154	16	year	year	NOUN
ajfa-835	154	17	.	.	PUNCT
ajfa-835	155	1	the	the	DET
ajfa-835	155	2	average	average	ADJ
ajfa-835	155	3	assets	asset	NOUN
ajfa-835	155	4	under	under	ADP
ajfa-835	155	5	mutual	mutual	ADJ
ajfa-835	155	6	funds	fund	NOUN
ajfa-835	155	7	represent	represent	VERB
ajfa-835	155	8	assets	asset	NOUN
ajfa-835	155	9	as	as	ADP
ajfa-835	155	10	on	on	ADP
ajfa-835	155	11	31st	31st	ADJ
ajfa-835	155	12	december	december	PROPN
ajfa-835	155	13	of	of	ADP
ajfa-835	155	14	each	each	DET
ajfa-835	155	15	year	year	NOUN
ajfa-835	155	16	.	.	PUNCT
ajfa-835	156	1	the	the	DET
ajfa-835	156	2	average	average	ADJ
ajfa-835	156	3	assets	asset	NOUN
ajfa-835	156	4	under	under	ADP
ajfa-835	156	5	mutual	mutual	ADJ
ajfa-835	156	6	funds(year	funds(year	ADJ
ajfa-835	156	7	end	end	NOUN
ajfa-835	156	8	)	)	PUNCT
ajfa-835	156	9	is	be	AUX
ajfa-835	156	10	regressed	regress	VERB
ajfa-835	156	11	with	with	ADP
ajfa-835	156	12	yearly	yearly	ADJ
ajfa-835	156	13	mean	mean	NOUN
ajfa-835	156	14	beta	beta	NOUN
ajfa-835	156	15	change	change	NOUN
ajfa-835	156	16	in	in	ADP
ajfa-835	156	17	order	order	NOUN
ajfa-835	156	18	to	to	PART
ajfa-835	156	19	verify	verify	VERB
ajfa-835	156	20	whether	whether	SCONJ
ajfa-835	156	21	the	the	DET
ajfa-835	156	22	beta	beta	NOUN
ajfa-835	156	23	change	change	NOUN
ajfa-835	156	24	is	be	AUX
ajfa-835	156	25	stronger	strong	ADJ
ajfa-835	156	26	in	in	ADP
ajfa-835	156	27	the	the	DET
ajfa-835	156	28	latest	late	ADJ
ajfa-835	156	29	data	datum	NOUN
ajfa-835	156	30	.	.	PUNCT
ajfa-835	157	1	the	the	DET
ajfa-835	157	2	market	market	NOUN
ajfa-835	157	3	capitalisation	capitalisation	NOUN
ajfa-835	157	4	and	and	CCONJ
ajfa-835	157	5	average	average	ADJ
ajfa-835	157	6	daily	daily	ADJ
ajfa-835	157	7	trading	trading	NOUN
ajfa-835	157	8	volume	volume	NOUN
ajfa-835	157	9	are	be	AUX
ajfa-835	157	10	given	give	VERB
ajfa-835	157	11	as	as	ADP
ajfa-835	157	12	on	on	ADP
ajfa-835	157	13	march	march	PROPN
ajfa-835	157	14	31st	31st	NOUN
ajfa-835	157	15	of	of	ADP
ajfa-835	157	16	the	the	DET
ajfa-835	157	17	respective	respective	ADJ
ajfa-835	157	18	financial	financial	ADJ
ajfa-835	157	19	year7	year7	PROPN
ajfa-835	157	20	.	.	PUNCT
ajfa-835	158	1	4	4	X
ajfa-835	158	2	.	.	X
ajfa-835	158	3	analysis	analysis	NOUN
ajfa-835	158	4	and	and	CCONJ
ajfa-835	158	5	findings	finding	VERB
ajfa-835	158	6	4.1	4.1	NUM
ajfa-835	158	7	univariate	univariate	ADJ
ajfa-835	158	8	regressions	regression	NOUN
ajfa-835	158	9	the	the	DET
ajfa-835	158	10	following	follow	VERB
ajfa-835	158	11	regression	regression	NOUN
ajfa-835	158	12	was	be	AUX
ajfa-835	158	13	run	run	VERB
ajfa-835	158	14	for	for	ADP
ajfa-835	158	15	each	each	PRON
ajfa-835	158	16	of	of	ADP
ajfa-835	158	17	the	the	DET
ajfa-835	158	18	41	41	NUM
ajfa-835	158	19	added	add	VERB
ajfa-835	158	20	and	and	CCONJ
ajfa-835	158	21	30	30	NUM
ajfa-835	158	22	deleted	delete	VERB
ajfa-835	158	23	stocks	stock	NOUN
ajfa-835	158	24	using	use	VERB
ajfa-835	158	25	approximately	approximately	ADV
ajfa-835	158	26	six	six	NUM
ajfa-835	158	27	months	month	NOUN
ajfa-835	158	28	data	datum	NOUN
ajfa-835	158	29	,	,	PUNCT
ajfa-835	158	30	both	both	DET
ajfa-835	158	31	pre	pre	ADJ
ajfa-835	158	32	-	-	NOUN
ajfa-835	158	33	announcement	announcement	NOUN
ajfa-835	158	34	and	and	CCONJ
ajfa-835	158	35	post	post	NOUN
ajfa-835	158	36	-	-	NOUN
ajfa-835	158	37	inclusion	inclusion	NOUN
ajfa-835	158	38	.	.	PUNCT
ajfa-835	159	1	rit	rit	NOUN
ajfa-835	159	2	=	=	PUNCT
ajfa-835	159	3	α	α	PROPN
ajfa-835	159	4	+	+	X
ajfa-835	159	5	β	β	X
ajfa-835	159	6	*	*	PUNCT
ajfa-835	159	7	rnifty	rnifty	PROPN
ajfa-835	159	8	,	,	PUNCT
ajfa-835	159	9	t	t	PROPN
ajfa-835	159	10	+	+	CCONJ
ajfa-835	159	11	εit	εit	NOUN
ajfa-835	159	12	(	(	PUNCT
ajfa-835	159	13	3	3	NUM
ajfa-835	159	14	)	)	PUNCT
ajfa-835	159	15	7	7	NUM
ajfa-835	159	16	based	base	VERB
ajfa-835	159	17	on	on	ADP
ajfa-835	159	18	nse	nse	NOUN
ajfa-835	159	19	fact	fact	NOUN
ajfa-835	159	20	book	book	NOUN
ajfa-835	159	21	2011	2011	NUM
ajfa-835	159	22	.	.	PUNCT
ajfa-835	160	1	asian	asian	ADJ
ajfa-835	160	2	journal	journal	PROPN
ajfa-835	160	3	of	of	ADP
ajfa-835	160	4	finance	finance	PROPN
ajfa-835	160	5	&	&	CCONJ
ajfa-835	160	6	accounting	accounting	PROPN
ajfa-835	160	7	issn	issn	PROPN
ajfa-835	160	8	1946	1946	NUM
ajfa-835	160	9	-	-	PUNCT
ajfa-835	160	10	052x	052x	NOUN
ajfa-835	160	11	2011	2011	NUM
ajfa-835	160	12	,	,	PUNCT
ajfa-835	160	13	vol	vol	NOUN
ajfa-835	160	14	.	.	PROPN
ajfa-835	161	1	3	3	NUM
ajfa-835	161	2	,	,	PUNCT
ajfa-835	161	3	no	no	INTJ
ajfa-835	161	4	.	.	NOUN
ajfa-835	161	5	1	1	NUM
ajfa-835	161	6	:	:	PUNCT
ajfa-835	161	7	e12	e12	VERB
ajfa-835	161	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-835	161	9	193	193	NUM
ajfa-835	161	10	where	where	SCONJ
ajfa-835	161	11	,	,	PUNCT
ajfa-835	161	12	rit	rit	PROPN
ajfa-835	161	13	is	be	AUX
ajfa-835	161	14	stock	stock	NOUN
ajfa-835	161	15	return	return	NOUN
ajfa-835	161	16	,	,	PUNCT
ajfa-835	161	17	rnifty	rnifty	PROPN
ajfa-835	161	18	,	,	PUNCT
ajfa-835	161	19	t	t	PROPN
ajfa-835	161	20	is	be	AUX
ajfa-835	161	21	the	the	DET
ajfa-835	161	22	nifty	nifty	ADJ
ajfa-835	161	23	index	index	NOUN
ajfa-835	161	24	return	return	NOUN
ajfa-835	161	25	on	on	ADP
ajfa-835	161	26	day	day	NOUN
ajfa-835	161	27	‘	'	PUNCT
ajfa-835	161	28	t	t	NOUN
ajfa-835	161	29	’	'	PUNCT
ajfa-835	161	30	,	,	PUNCT
ajfa-835	161	31	β	β	X
ajfa-835	161	32	is	be	AUX
ajfa-835	161	33	the	the	DET
ajfa-835	161	34	regression	regression	NOUN
ajfa-835	161	35	slope	slope	NOUN
ajfa-835	161	36	beta	beta	NOUN
ajfa-835	161	37	co	co	NOUN
ajfa-835	161	38	-	-	ADJ
ajfa-835	161	39	efficient	efficient	ADJ
ajfa-835	161	40	and	and	CCONJ
ajfa-835	161	41	εit	εit	NOUN
ajfa-835	161	42	is	be	AUX
ajfa-835	161	43	a	a	DET
ajfa-835	161	44	random	random	ADJ
ajfa-835	161	45	variable	variable	NOUN
ajfa-835	161	46	with	with	ADP
ajfa-835	161	47	expected	expect	VERB
ajfa-835	161	48	value	value	NOUN
ajfa-835	161	49	of	of	ADP
ajfa-835	161	50	zero	zero	NUM
ajfa-835	161	51	assumed	assume	VERB
ajfa-835	161	52	to	to	PART
ajfa-835	161	53	be	be	AUX
ajfa-835	161	54	uncorrelated8	uncorrelated8	VERB
ajfa-835	161	55	with	with	ADP
ajfa-835	161	56	rnifty	rnifty	NOUN
ajfa-835	161	57	,	,	PUNCT
ajfa-835	161	58	t.	t.	NOUN
ajfa-835	161	59	for	for	ADP
ajfa-835	161	60	the	the	DET
ajfa-835	161	61	additions	addition	NOUN
ajfa-835	161	62	,	,	PUNCT
ajfa-835	161	63	the	the	DET
ajfa-835	161	64	daily	daily	ADJ
ajfa-835	161	65	pre	pre	ADJ
ajfa-835	161	66	-	-	NOUN
ajfa-835	161	67	event	event	ADJ
ajfa-835	161	68	regression	regression	NOUN
ajfa-835	161	69	is	be	AUX
ajfa-835	161	70	run	run	VERB
ajfa-835	161	71	for	for	ADP
ajfa-835	161	72	the	the	DET
ajfa-835	161	73	period	period	NOUN
ajfa-835	161	74	ad-130	ad-130	NOUN
ajfa-835	161	75	to	to	ADP
ajfa-835	161	76	ad-11	ad-11	PUNCT
ajfa-835	161	77	(	(	PUNCT
ajfa-835	161	78	120	120	NUM
ajfa-835	161	79	trading	trading	NOUN
ajfa-835	161	80	days	day	NOUN
ajfa-835	161	81	)	)	PUNCT
ajfa-835	161	82	.	.	PUNCT
ajfa-835	162	1	the	the	DET
ajfa-835	162	2	daily	daily	ADJ
ajfa-835	162	3	post	post	NOUN
ajfa-835	162	4	event	event	NOUN
ajfa-835	162	5	regression	regression	NOUN
ajfa-835	162	6	is	be	AUX
ajfa-835	162	7	run	run	VERB
ajfa-835	162	8	for	for	ADP
ajfa-835	162	9	ed+10	ed+10	PROPN
ajfa-835	162	10	to	to	PART
ajfa-835	162	11	ed+130	ed+130	PROPN
ajfa-835	162	12	.	.	PUNCT
ajfa-835	163	1	when	when	SCONJ
ajfa-835	163	2	data	datum	NOUN
ajfa-835	163	3	for	for	ADP
ajfa-835	163	4	130	130	NUM
ajfa-835	163	5	days	day	NOUN
ajfa-835	163	6	are	be	AUX
ajfa-835	163	7	not	not	PART
ajfa-835	163	8	available	available	ADJ
ajfa-835	163	9	,	,	PUNCT
ajfa-835	163	10	the	the	DET
ajfa-835	163	11	estimation	estimation	NOUN
ajfa-835	163	12	period	period	NOUN
ajfa-835	163	13	is	be	AUX
ajfa-835	163	14	shortened9	shortened9	NOUN
ajfa-835	163	15	to	to	PART
ajfa-835	163	16	60	60	NUM
ajfa-835	163	17	days	day	NOUN
ajfa-835	163	18	in	in	ADP
ajfa-835	163	19	case	case	NOUN
ajfa-835	163	20	of	of	ADP
ajfa-835	163	21	addition	addition	NOUN
ajfa-835	163	22	and	and	CCONJ
ajfa-835	163	23	60	60	NUM
ajfa-835	163	24	days	day	NOUN
ajfa-835	163	25	in	in	ADP
ajfa-835	163	26	case	case	NOUN
ajfa-835	163	27	of	of	ADP
ajfa-835	163	28	deletion	deletion	NOUN
ajfa-835	163	29	.	.	PUNCT
ajfa-835	164	1	the	the	DET
ajfa-835	164	2	point	point	NOUN
ajfa-835	164	3	of	of	ADP
ajfa-835	164	4	interest	interest	NOUN
ajfa-835	164	5	is	be	AUX
ajfa-835	164	6	the	the	DET
ajfa-835	164	7	difference	difference	NOUN
ajfa-835	164	8	‘	'	PUNCT
ajfa-835	164	9	βc	βc	NUM
ajfa-835	164	10	’	'	PUNCT
ajfa-835	164	11	which	which	PRON
ajfa-835	164	12	is	be	AUX
ajfa-835	164	13	calculated	calculate	VERB
ajfa-835	164	14	for	for	ADP
ajfa-835	164	15	each	each	DET
ajfa-835	164	16	added	add	VERB
ajfa-835	164	17	/	/	SYM
ajfa-835	164	18	deleted	delete	VERB
ajfa-835	164	19	stock	stock	NOUN
ajfa-835	164	20	by	by	ADP
ajfa-835	164	21	subtracting	subtract	VERB
ajfa-835	164	22	the	the	DET
ajfa-835	164	23	pre	pre	ADJ
ajfa-835	164	24	event	event	NOUN
ajfa-835	164	25	beta	beta	NOUN
ajfa-835	164	26	from	from	ADP
ajfa-835	164	27	the	the	DET
ajfa-835	164	28	post	post	NOUN
ajfa-835	164	29	event	event	NOUN
ajfa-835	164	30	beta	beta	NOUN
ajfa-835	164	31	.	.	PUNCT
ajfa-835	165	1	the	the	DET
ajfa-835	165	2	hypothesis	hypothesis	NOUN
ajfa-835	165	3	that	that	PRON
ajfa-835	165	4	βc	βc	PROPN
ajfa-835	165	5	is	be	AUX
ajfa-835	165	6	significantly	significantly	ADV
ajfa-835	165	7	greater	great	ADJ
ajfa-835	165	8	than	than	ADP
ajfa-835	165	9	zero	zero	NUM
ajfa-835	165	10	is	be	AUX
ajfa-835	165	11	first	first	ADV
ajfa-835	165	12	tested	test	VERB
ajfa-835	165	13	cross	cross	NOUN
ajfa-835	165	14	sectionally	sectionally	ADV
ajfa-835	165	15	using	use	VERB
ajfa-835	165	16	one	one	NUM
ajfa-835	165	17	-	-	PUNCT
ajfa-835	165	18	tailed	tail	VERB
ajfa-835	165	19	t	t	NOUN
ajfa-835	165	20	-	-	PUNCT
ajfa-835	165	21	test	test	NOUN
ajfa-835	165	22	.	.	PUNCT
ajfa-835	166	1	the	the	DET
ajfa-835	166	2	post	post	NOUN
ajfa-835	166	3	inclusion	inclusion	NOUN
ajfa-835	166	4	/	/	SYM
ajfa-835	166	5	exclusion	exclusion	NOUN
ajfa-835	166	6	regression	regression	NOUN
ajfa-835	166	7	starts	start	VERB
ajfa-835	166	8	only	only	ADV
ajfa-835	166	9	from	from	ADP
ajfa-835	166	10	the	the	DET
ajfa-835	166	11	11th	11th	ADJ
ajfa-835	166	12	day	day	NOUN
ajfa-835	166	13	after	after	ADP
ajfa-835	166	14	inclusion	inclusion	NOUN
ajfa-835	166	15	as	as	ADP
ajfa-835	166	16	the	the	DET
ajfa-835	166	17	first	first	ADJ
ajfa-835	166	18	few	few	ADJ
ajfa-835	166	19	days	day	NOUN
ajfa-835	166	20	after	after	SCONJ
ajfa-835	166	21	inclusion	inclusion	NOUN
ajfa-835	166	22	will	will	AUX
ajfa-835	166	23	be	be	AUX
ajfa-835	166	24	characterized	characterize	VERB
ajfa-835	166	25	by	by	ADP
ajfa-835	166	26	sudden	sudden	ADJ
ajfa-835	166	27	increase	increase	NOUN
ajfa-835	166	28	in	in	ADP
ajfa-835	166	29	volume	volume	NOUN
ajfa-835	166	30	and	and	CCONJ
ajfa-835	166	31	volatility	volatility	NOUN
ajfa-835	166	32	due	due	ADP
ajfa-835	166	33	to	to	ADP
ajfa-835	166	34	action	action	NOUN
ajfa-835	166	35	of	of	ADP
ajfa-835	166	36	index	index	NOUN
ajfa-835	166	37	funds	fund	NOUN
ajfa-835	166	38	.	.	PUNCT
ajfa-835	167	1	consequently	consequently	ADV
ajfa-835	167	2	,	,	PUNCT
ajfa-835	167	3	in	in	ADP
ajfa-835	167	4	order	order	NOUN
ajfa-835	167	5	to	to	PART
ajfa-835	167	6	maintain	maintain	VERB
ajfa-835	167	7	symmetry	symmetry	NOUN
ajfa-835	167	8	,	,	PUNCT
ajfa-835	167	9	the	the	DET
ajfa-835	167	10	pre	pre	NOUN
ajfa-835	167	11	-	-	NOUN
ajfa-835	167	12	event	event	ADJ
ajfa-835	167	13	regression	regression	NOUN
ajfa-835	167	14	ends	end	VERB
ajfa-835	167	15	10	10	NUM
ajfa-835	167	16	days	day	NOUN
ajfa-835	167	17	before	before	ADP
ajfa-835	167	18	the	the	DET
ajfa-835	167	19	announcement	announcement	NOUN
ajfa-835	167	20	date	date	NOUN
ajfa-835	167	21	.	.	PUNCT
ajfa-835	168	1	the	the	DET
ajfa-835	168	2	results	result	NOUN
ajfa-835	168	3	of	of	ADP
ajfa-835	168	4	the	the	DET
ajfa-835	168	5	univariate	univariate	ADJ
ajfa-835	168	6	regression	regression	NOUN
ajfa-835	168	7	of	of	ADP
ajfa-835	168	8	added	add	VERB
ajfa-835	168	9	stocks	stock	NOUN
ajfa-835	168	10	are	be	AUX
ajfa-835	168	11	reported	report	VERB
ajfa-835	168	12	in	in	ADP
ajfa-835	168	13	table	table	NOUN
ajfa-835	168	14	2	2	NUM
ajfa-835	168	15	,	,	PUNCT
ajfa-835	168	16	panel	panel	NOUN
ajfa-835	168	17	a.	a.	NOUN
ajfa-835	168	18	according	accord	VERB
ajfa-835	168	19	to	to	ADP
ajfa-835	168	20	barberis	barberis	PROPN
ajfa-835	168	21	et	et	PROPN
ajfa-835	168	22	al(2002	al(2002	NOUN
ajfa-835	168	23	)	)	PUNCT
ajfa-835	168	24	preposition	preposition	NOUN
ajfa-835	168	25	i	i	PRON
ajfa-835	168	26	,	,	PUNCT
ajfa-835	168	27	for	for	SCONJ
ajfa-835	168	28	category	category	NOUN
ajfa-835	168	29	based	base	VERB
ajfa-835	168	30	co	co	NOUN
ajfa-835	168	31	-	-	NOUN
ajfa-835	168	32	movement	movement	NOUN
ajfa-835	168	33	added	add	VERB
ajfa-835	168	34	(	(	PUNCT
ajfa-835	168	35	deleted	delete	VERB
ajfa-835	168	36	)	)	PUNCT
ajfa-835	168	37	stock	stock	NOUN
ajfa-835	168	38	should	should	AUX
ajfa-835	168	39	experience	experience	VERB
ajfa-835	168	40	a	a	DET
ajfa-835	168	41	beta	beta	NOUN
ajfa-835	168	42	increase	increase	NOUN
ajfa-835	168	43	(	(	PUNCT
ajfa-835	168	44	decrease	decrease	NOUN
ajfa-835	168	45	)	)	PUNCT
ajfa-835	168	46	.	.	PUNCT
ajfa-835	169	1	the	the	DET
ajfa-835	169	2	nifty	nifty	ADJ
ajfa-835	169	3	index	index	NOUN
ajfa-835	169	4	additions	addition	NOUN
ajfa-835	169	5	experience	experience	VERB
ajfa-835	169	6	a	a	DET
ajfa-835	169	7	statistically	statistically	ADV
ajfa-835	169	8	significant	significant	ADJ
ajfa-835	169	9	positive	positive	ADJ
ajfa-835	169	10	change	change	NOUN
ajfa-835	169	11	in	in	ADP
ajfa-835	169	12	the	the	DET
ajfa-835	169	13	betas(slope	betas(slope	NOUN
ajfa-835	169	14	co	co	NOUN
ajfa-835	169	15	-	-	ADJ
ajfa-835	169	16	efficient	efficient	ADJ
ajfa-835	169	17	)	)	PUNCT
ajfa-835	169	18	post	post	NOUN
ajfa-835	169	19	inclusion	inclusion	NOUN
ajfa-835	169	20	.	.	PUNCT
ajfa-835	170	1	the	the	DET
ajfa-835	170	2	average	average	ADJ
ajfa-835	170	3	beta	beta	NOUN
ajfa-835	170	4	change	change	NOUN
ajfa-835	170	5	for	for	ADP
ajfa-835	170	6	the	the	DET
ajfa-835	170	7	complete	complete	ADJ
ajfa-835	170	8	period	period	NOUN
ajfa-835	170	9	is	be	AUX
ajfa-835	170	10	0.140	0.140	NUM
ajfa-835	170	11	.	.	PUNCT
ajfa-835	171	1	the	the	DET
ajfa-835	171	2	beta	beta	NOUN
ajfa-835	171	3	change	change	NOUN
ajfa-835	171	4	is	be	AUX
ajfa-835	171	5	also	also	ADV
ajfa-835	171	6	statistically	statistically	ADV
ajfa-835	171	7	significant	significant	ADJ
ajfa-835	171	8	in	in	ADP
ajfa-835	171	9	both	both	CCONJ
ajfa-835	171	10	the	the	DET
ajfa-835	171	11	sub	sub	NOUN
ajfa-835	171	12	periods	period	NOUN
ajfa-835	171	13	.	.	PUNCT
ajfa-835	172	1	the	the	DET
ajfa-835	172	2	average	average	ADJ
ajfa-835	172	3	beta	beta	ADJ
ajfa-835	172	4	change	change	NOUN
ajfa-835	172	5	in	in	ADP
ajfa-835	172	6	the	the	DET
ajfa-835	172	7	first	first	ADJ
ajfa-835	172	8	and	and	CCONJ
ajfa-835	172	9	second	second	ADJ
ajfa-835	172	10	sub	sub	NOUN
ajfa-835	172	11	period	period	NOUN
ajfa-835	172	12	is	be	AUX
ajfa-835	172	13	0.133	0.133	NUM
ajfa-835	172	14	and	and	CCONJ
ajfa-835	172	15	0.153	0.153	NUM
ajfa-835	172	16	respectively	respectively	ADV
ajfa-835	172	17	.	.	PUNCT
ajfa-835	173	1	the	the	DET
ajfa-835	173	2	results	result	NOUN
ajfa-835	173	3	of	of	ADP
ajfa-835	173	4	the	the	DET
ajfa-835	173	5	univariate	univariate	ADJ
ajfa-835	173	6	regression	regression	NOUN
ajfa-835	173	7	of	of	ADP
ajfa-835	173	8	deleted	delete	VERB
ajfa-835	173	9	stocks	stock	NOUN
ajfa-835	173	10	are	be	AUX
ajfa-835	173	11	reported	report	VERB
ajfa-835	173	12	in	in	ADP
ajfa-835	173	13	table	table	NOUN
ajfa-835	173	14	2	2	NUM
ajfa-835	173	15	,	,	PUNCT
ajfa-835	173	16	panel	panel	NOUN
ajfa-835	173	17	b.	b.	PROPN
ajfa-835	173	18	nifty	nifty	ADJ
ajfa-835	173	19	deletions	deletion	NOUN
ajfa-835	173	20	experience	experience	VERB
ajfa-835	173	21	a	a	DET
ajfa-835	173	22	beta	beta	NOUN
ajfa-835	173	23	increase	increase	NOUN
ajfa-835	173	24	of	of	ADP
ajfa-835	173	25	0.045	0.045	NUM
ajfa-835	173	26	,	,	PUNCT
ajfa-835	173	27	though	though	SCONJ
ajfa-835	173	28	not	not	PART
ajfa-835	173	29	statistically	statistically	ADV
ajfa-835	173	30	significant	significant	ADJ
ajfa-835	173	31	,	,	PUNCT
ajfa-835	173	32	instead	instead	ADV
ajfa-835	173	33	of	of	ADP
ajfa-835	173	34	an	an	DET
ajfa-835	173	35	expected	expect	VERB
ajfa-835	173	36	significant	significant	ADJ
ajfa-835	173	37	beta	beta	NOUN
ajfa-835	173	38	decrease	decrease	NOUN
ajfa-835	173	39	.	.	PUNCT
ajfa-835	174	1	also	also	ADV
ajfa-835	174	2	both	both	CCONJ
ajfa-835	174	3	the	the	DET
ajfa-835	174	4	sub	sub	NOUN
ajfa-835	174	5	periods	period	NOUN
ajfa-835	174	6	do	do	AUX
ajfa-835	174	7	not	not	PART
ajfa-835	174	8	evidence	evidence	VERB
ajfa-835	174	9	significant	significant	ADJ
ajfa-835	174	10	beta	beta	ADJ
ajfa-835	174	11	decrease	decrease	NOUN
ajfa-835	174	12	.	.	PUNCT
ajfa-835	175	1	the	the	DET
ajfa-835	175	2	result	result	NOUN
ajfa-835	175	3	for	for	ADP
ajfa-835	175	4	deletions	deletion	NOUN
ajfa-835	175	5	is	be	AUX
ajfa-835	175	6	also	also	ADV
ajfa-835	175	7	different	different	ADJ
ajfa-835	175	8	from	from	ADP
ajfa-835	175	9	the	the	DET
ajfa-835	175	10	evidence	evidence	NOUN
ajfa-835	175	11	in	in	ADP
ajfa-835	175	12	the	the	DET
ajfa-835	175	13	developed	develop	VERB
ajfa-835	175	14	markets	market	NOUN
ajfa-835	175	15	.	.	PUNCT
ajfa-835	176	1	the	the	DET
ajfa-835	176	2	lack	lack	NOUN
ajfa-835	176	3	of	of	ADP
ajfa-835	176	4	symmetric	symmetric	ADJ
ajfa-835	176	5	response	response	NOUN
ajfa-835	176	6	to	to	ADP
ajfa-835	176	7	additions	addition	NOUN
ajfa-835	176	8	and	and	CCONJ
ajfa-835	176	9	deletions	deletion	NOUN
ajfa-835	176	10	does	do	AUX
ajfa-835	176	11	not	not	PART
ajfa-835	176	12	support	support	VERB
ajfa-835	176	13	the	the	DET
ajfa-835	176	14	barberis	barberis	PROPN
ajfa-835	176	15	et	et	PROPN
ajfa-835	176	16	al	al	PROPN
ajfa-835	176	17	(	(	PUNCT
ajfa-835	176	18	2002	2002	NUM
ajfa-835	176	19	)	)	PUNCT
ajfa-835	176	20	‘	'	PUNCT
ajfa-835	176	21	category	category	NOUN
ajfa-835	176	22	view	view	NOUN
ajfa-835	176	23	’	'	PUNCT
ajfa-835	176	24	.	.	PUNCT
ajfa-835	177	1	the	the	DET
ajfa-835	177	2	results	result	NOUN
ajfa-835	177	3	seem	seem	VERB
ajfa-835	177	4	to	to	PART
ajfa-835	177	5	support	support	VERB
ajfa-835	177	6	the	the	DET
ajfa-835	177	7	chen	chen	PROPN
ajfa-835	177	8	et	et	PROPN
ajfa-835	177	9	al	al	PROPN
ajfa-835	177	10	(	(	PUNCT
ajfa-835	177	11	2004	2004	NUM
ajfa-835	177	12	)	)	PUNCT
ajfa-835	177	13	explanation	explanation	NOUN
ajfa-835	177	14	of	of	ADP
ajfa-835	177	15	‘	'	PUNCT
ajfa-835	177	16	investor	investor	NOUN
ajfa-835	177	17	awareness	awareness	NOUN
ajfa-835	177	18	’	'	PUNCT
ajfa-835	177	19	as	as	ADP
ajfa-835	177	20	an	an	DET
ajfa-835	177	21	explanation	explanation	NOUN
ajfa-835	177	22	index	index	NOUN
ajfa-835	177	23	changes	change	NOUN
ajfa-835	177	24	in	in	ADP
ajfa-835	177	25	the	the	DET
ajfa-835	177	26	indian	indian	ADJ
ajfa-835	177	27	stock	stock	NOUN
ajfa-835	177	28	market	market	NOUN
ajfa-835	177	29	.	.	PUNCT
ajfa-835	178	1	8	8	NUM
ajfa-835	178	2	this	this	DET
ajfa-835	178	3	assumption	assumption	NOUN
ajfa-835	178	4	is	be	AUX
ajfa-835	178	5	valid	valid	ADJ
ajfa-835	178	6	in	in	ADP
ajfa-835	178	7	the	the	DET
ajfa-835	178	8	nifty	nifty	ADJ
ajfa-835	178	9	index	index	NOUN
ajfa-835	178	10	changes	change	NOUN
ajfa-835	178	11	because	because	SCONJ
ajfa-835	178	12	unlike	unlike	ADP
ajfa-835	178	13	the	the	DET
ajfa-835	178	14	western	western	ADJ
ajfa-835	178	15	equity	equity	NOUN
ajfa-835	178	16	markets	market	NOUN
ajfa-835	178	17	,	,	PUNCT
ajfa-835	178	18	the	the	DET
ajfa-835	178	19	nifty	nifty	ADJ
ajfa-835	178	20	index	index	NOUN
ajfa-835	178	21	changes	change	NOUN
ajfa-835	178	22	do	do	AUX
ajfa-835	178	23	not	not	PART
ajfa-835	178	24	normally	normally	ADV
ajfa-835	178	25	feature	feature	VERB
ajfa-835	178	26	multiple	multiple	ADJ
ajfa-835	178	27	additions	addition	NOUN
ajfa-835	178	28	.	.	PUNCT
ajfa-835	179	1	there	there	PRON
ajfa-835	179	2	are	be	VERB
ajfa-835	179	3	29	29	NUM
ajfa-835	179	4	unique	unique	ADJ
ajfa-835	179	5	additions(29	additions(29	VERB
ajfa-835	179	6	different	different	ADJ
ajfa-835	179	7	inclusion	inclusion	NOUN
ajfa-835	179	8	days	day	NOUN
ajfa-835	179	9	)	)	PUNCT
ajfa-835	179	10	for	for	ADP
ajfa-835	179	11	the	the	DET
ajfa-835	179	12	total	total	NOUN
ajfa-835	179	13	of	of	ADP
ajfa-835	179	14	41	41	NUM
ajfa-835	179	15	additions	addition	NOUN
ajfa-835	179	16	.	.	PUNCT
ajfa-835	180	1	see	see	VERB
ajfa-835	180	2	coakley	coakley	NOUN
ajfa-835	180	3	and	and	CCONJ
ajfa-835	180	4	kougalis	kougalis	PROPN
ajfa-835	180	5	(	(	PUNCT
ajfa-835	180	6	2004	2004	NUM
ajfa-835	180	7	)	)	PUNCT
ajfa-835	180	8	for	for	ADP
ajfa-835	180	9	more	more	ADJ
ajfa-835	180	10	information	information	NOUN
ajfa-835	180	11	on	on	ADP
ajfa-835	180	12	this	this	DET
ajfa-835	180	13	issue	issue	NOUN
ajfa-835	180	14	.	.	PUNCT
ajfa-835	181	1	9	9	NUM
ajfa-835	181	2	the	the	DET
ajfa-835	181	3	estimation	estimation	NOUN
ajfa-835	181	4	period	period	NOUN
ajfa-835	181	5	is	be	AUX
ajfa-835	181	6	shortened	shorten	VERB
ajfa-835	181	7	for	for	ADP
ajfa-835	181	8	only	only	ADV
ajfa-835	181	9	two	two	NUM
ajfa-835	181	10	added	add	VERB
ajfa-835	181	11	stocks	stock	NOUN
ajfa-835	181	12	and	and	CCONJ
ajfa-835	181	13	one	one	NUM
ajfa-835	181	14	deleted	delete	VERB
ajfa-835	181	15	stock	stock	NOUN
ajfa-835	181	16	.	.	PUNCT
ajfa-835	182	1	asian	asian	ADJ
ajfa-835	182	2	journal	journal	PROPN
ajfa-835	182	3	of	of	ADP
ajfa-835	182	4	finance	finance	PROPN
ajfa-835	182	5	&	&	CCONJ
ajfa-835	182	6	accounting	accounting	PROPN
ajfa-835	182	7	issn	issn	PROPN
ajfa-835	182	8	1946	1946	NUM
ajfa-835	182	9	-	-	PUNCT
ajfa-835	182	10	052x	052x	NOUN
ajfa-835	182	11	2011	2011	NUM
ajfa-835	182	12	,	,	PUNCT
ajfa-835	182	13	vol	vol	NOUN
ajfa-835	182	14	.	.	PROPN
ajfa-835	183	1	3	3	NUM
ajfa-835	183	2	,	,	PUNCT
ajfa-835	183	3	no	no	INTJ
ajfa-835	183	4	.	.	NOUN
ajfa-835	183	5	1	1	NUM
ajfa-835	183	6	:	:	PUNCT
ajfa-835	183	7	e12	e12	VERB
ajfa-835	183	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	183	9	194	194	NUM
ajfa-835	183	10	table	table	NOUN
ajfa-835	183	11	2	2	NUM
ajfa-835	183	12	.	.	PUNCT
ajfa-835	183	13	changes	change	NOUN
ajfa-835	183	14	in	in	ADP
ajfa-835	183	15	co	co	NOUN
ajfa-835	183	16	-	-	NOUN
ajfa-835	183	17	movement	movement	NOUN
ajfa-835	183	18	measured	measure	VERB
ajfa-835	183	19	by	by	ADP
ajfa-835	183	20	daily	daily	ADJ
ajfa-835	183	21	beta	beta	NOUN
ajfa-835	183	22	before	before	ADV
ajfa-835	183	23	and	and	CCONJ
ajfa-835	183	24	after	after	ADP
ajfa-835	183	25	addition	addition	NOUN
ajfa-835	183	26	of	of	ADP
ajfa-835	183	27	stocks	stock	NOUN
ajfa-835	183	28	to	to	ADP
ajfa-835	183	29	nifty	nifty	ADJ
ajfa-835	183	30	index	index	NOUN
ajfa-835	183	31	panel	panel	NOUN
ajfa-835	183	32	a	a	DET
ajfa-835	183	33	results	result	NOUN
ajfa-835	183	34	of	of	ADP
ajfa-835	183	35	univariate	univariate	ADJ
ajfa-835	183	36	regression	regression	NOUN
ajfa-835	183	37	-additions	-addition	NOUN
ajfa-835	183	38	period	period	NOUN
ajfa-835	183	39	no	no	INTJ
ajfa-835	183	40	.	.	PUNCT
ajfa-835	184	1	of	of	ADP
ajfa-835	184	2	additions	addition	NOUN
ajfa-835	184	3	average	average	VERB
ajfa-835	184	4	beta	beta	NOUN
ajfa-835	184	5	before	before	ADP
ajfa-835	184	6	inclusion	inclusion	NOUN
ajfa-835	184	7	average	average	ADJ
ajfa-835	184	8	beta	beta	NOUN
ajfa-835	184	9	after	after	ADP
ajfa-835	184	10	inclusion	inclusion	NOUN
ajfa-835	184	11	increase	increase	NOUN
ajfa-835	184	12	in	in	ADP
ajfa-835	184	13	beta	beta	ADJ
ajfa-835	184	14	%	%	NOUN
ajfa-835	184	15	of	of	ADP
ajfa-835	184	16	stocks	stock	NOUN
ajfa-835	184	17	with	with	ADP
ajfa-835	184	18	beta	beta	ADJ
ajfa-835	184	19	increase	increase	NOUN
ajfa-835	184	20	1999	1999	NUM
ajfa-835	184	21	-	-	SYM
ajfa-835	184	22	2010	2010	NUM
ajfa-835	184	23	41	41	NUM
ajfa-835	184	24	1.013	1.013	NUM
ajfa-835	184	25	1.153	1.153	NUM
ajfa-835	184	26	βc	βc	NUM
ajfa-835	184	27	0.140	0.140	NUM
ajfa-835	184	28	57	57	NUM
ajfa-835	184	29	%	%	NOUN
ajfa-835	184	30	t	t	NOUN
ajfa-835	184	31	-	-	PUNCT
ajfa-835	184	32	stat	stat	NOUN
ajfa-835	184	33	2.131	2.131	NUM
ajfa-835	184	34	*	*	SYM
ajfa-835	184	35	*	*	PUNCT
ajfa-835	184	36	1999	1999	NUM
ajfa-835	184	37	-	-	SYM
ajfa-835	184	38	2006	2006	NUM
ajfa-835	184	39	26	26	NUM
ajfa-835	184	40	0.950	0.950	NUM
ajfa-835	184	41	1.083	1.083	NUM
ajfa-835	184	42	βc	βc	NUM
ajfa-835	184	43	0.133	0.133	NUM
ajfa-835	184	44	58	58	NUM
ajfa-835	184	45	%	%	NOUN
ajfa-835	184	46	t	t	NOUN
ajfa-835	184	47	-	-	PUNCT
ajfa-835	184	48	stat	stat	NOUN
ajfa-835	184	49	1.504	1.504	NUM
ajfa-835	184	50	*	*	SYM
ajfa-835	184	51	2007	2007	NUM
ajfa-835	184	52	-	-	SYM
ajfa-835	184	53	2010	2010	NUM
ajfa-835	184	54	15	15	NUM
ajfa-835	184	55	1.125	1.125	NUM
ajfa-835	184	56	1.278	1.278	NUM
ajfa-835	184	57	βc	βc	NUM
ajfa-835	184	58	0.153	0.153	NUM
ajfa-835	184	59	54	54	NUM
ajfa-835	184	60	%	%	NOUN
ajfa-835	184	61	t	t	NOUN
ajfa-835	184	62	-	-	PUNCT
ajfa-835	184	63	stat	stat	NOUN
ajfa-835	184	64	1.585	1.585	NUM
ajfa-835	184	65	*	*	NOUN
ajfa-835	184	66	panel	panel	NOUN
ajfa-835	184	67	b	b	PROPN
ajfa-835	184	68	results	result	NOUN
ajfa-835	184	69	of	of	ADP
ajfa-835	184	70	univariate	univariate	ADJ
ajfa-835	184	71	regression	regression	NOUN
ajfa-835	184	72	deletions	deletion	NOUN
ajfa-835	184	73	period	period	VERB
ajfa-835	184	74	no	no	INTJ
ajfa-835	184	75	.	.	PUNCT
ajfa-835	185	1	of	of	ADP
ajfa-835	185	2	deletions	deletion	NOUN
ajfa-835	185	3	average	average	VERB
ajfa-835	185	4	beta	beta	NOUN
ajfa-835	185	5	before	before	ADP
ajfa-835	185	6	deletion	deletion	NOUN
ajfa-835	185	7	average	average	ADJ
ajfa-835	185	8	beta	beta	NOUN
ajfa-835	185	9	after	after	ADP
ajfa-835	185	10	deletion	deletion	NOUN
ajfa-835	185	11	increase	increase	NOUN
ajfa-835	185	12	in	in	ADP
ajfa-835	185	13	beta	beta	ADJ
ajfa-835	185	14	%	%	NOUN
ajfa-835	185	15	of	of	ADP
ajfa-835	185	16	stocks	stock	NOUN
ajfa-835	185	17	with	with	ADP
ajfa-835	185	18	beta	beta	ADJ
ajfa-835	185	19	increase	increase	NOUN
ajfa-835	185	20	1999	1999	NUM
ajfa-835	185	21	-	-	SYM
ajfa-835	185	22	2010	2010	NUM
ajfa-835	185	23	30	30	NUM
ajfa-835	185	24	0.793	0.793	NUM
ajfa-835	185	25	0.838	0.838	NUM
ajfa-835	185	26	βc	βc	NUM
ajfa-835	185	27	0.045	0.045	NUM
ajfa-835	185	28	56	56	NUM
ajfa-835	185	29	%	%	NOUN
ajfa-835	185	30	t	t	NOUN
ajfa-835	185	31	-	-	PUNCT
ajfa-835	185	32	stat	stat	NOUN
ajfa-835	185	33	0.783	0.783	NUM
ajfa-835	185	34	1999	1999	NUM
ajfa-835	185	35	-	-	SYM
ajfa-835	185	36	2006	2006	NUM
ajfa-835	185	37	19	19	NUM
ajfa-835	185	38	0.821	0.821	NUM
ajfa-835	185	39	0.890	0.890	NUM
ajfa-835	185	40	βc	βc	ADP
ajfa-835	185	41	0.07	0.07	NUM
ajfa-835	185	42	63	63	NUM
ajfa-835	185	43	%	%	NOUN
ajfa-835	185	44	t	t	NOUN
ajfa-835	185	45	-	-	PUNCT
ajfa-835	185	46	stat	stat	NOUN
ajfa-835	185	47	0.947	0.947	NUM
ajfa-835	185	48	2007	2007	NUM
ajfa-835	185	49	-	-	SYM
ajfa-835	185	50	2010	2010	NUM
ajfa-835	185	51	11	11	NUM
ajfa-835	185	52	0.745	0.745	NUM
ajfa-835	185	53	0.747	0.747	NUM
ajfa-835	185	54	βc	βc	ADP
ajfa-835	185	55	0.002	0.002	NUM
ajfa-835	185	56	37	37	NUM
ajfa-835	185	57	%	%	NOUN
ajfa-835	185	58	t	t	NOUN
ajfa-835	185	59	-	-	PUNCT
ajfa-835	185	60	stat	stat	NOUN
ajfa-835	185	61	0.026	0.026	NUM
ajfa-835	185	62	the	the	DET
ajfa-835	185	63	sample	sample	NOUN
ajfa-835	185	64	of	of	ADP
ajfa-835	185	65	addition	addition	NOUN
ajfa-835	185	66	to	to	ADP
ajfa-835	185	67	nifty	nifty	ADJ
ajfa-835	185	68	index	index	NOUN
ajfa-835	185	69	for	for	ADP
ajfa-835	185	70	the	the	DET
ajfa-835	185	71	period	period	NOUN
ajfa-835	185	72	1999	1999	NUM
ajfa-835	185	73	-	-	SYM
ajfa-835	185	74	2010	2010	NUM
ajfa-835	185	75	consists	consist	VERB
ajfa-835	185	76	of	of	ADP
ajfa-835	185	77	41	41	NUM
ajfa-835	185	78	added	add	VERB
ajfa-835	185	79	stocks	stock	NOUN
ajfa-835	185	80	and	and	CCONJ
ajfa-835	185	81	30	30	NUM
ajfa-835	185	82	deleted	delete	VERB
ajfa-835	185	83	stocks	stock	NOUN
ajfa-835	185	84	which	which	PRON
ajfa-835	185	85	are	be	AUX
ajfa-835	185	86	not	not	PART
ajfa-835	185	87	involved	involve	VERB
ajfa-835	185	88	in	in	ADP
ajfa-835	185	89	mergers	merger	NOUN
ajfa-835	185	90	/	/	SYM
ajfa-835	185	91	demerger	demerger	NOUN
ajfa-835	185	92	and	and	CCONJ
ajfa-835	185	93	related	related	ADJ
ajfa-835	185	94	events	event	NOUN
ajfa-835	185	95	and	and	CCONJ
ajfa-835	185	96	have	have	VERB
ajfa-835	185	97	sufficient	sufficient	ADJ
ajfa-835	185	98	daily	daily	ADJ
ajfa-835	185	99	data	datum	NOUN
ajfa-835	185	100	.	.	PUNCT
ajfa-835	186	1	for	for	ADP
ajfa-835	186	2	each	each	DET
ajfa-835	186	3	added	add	VERB
ajfa-835	186	4	/	/	SYM
ajfa-835	186	5	deleted	delete	VERB
ajfa-835	186	6	stock	stock	NOUN
ajfa-835	186	7	the	the	DET
ajfa-835	186	8	betas	beta	NOUN
ajfa-835	186	9	are	be	AUX
ajfa-835	186	10	estimated	estimate	VERB
ajfa-835	186	11	for	for	ADP
ajfa-835	186	12	both	both	CCONJ
ajfa-835	186	13	the	the	DET
ajfa-835	186	14	pre	pre	NOUN
ajfa-835	186	15	-	-	NOUN
ajfa-835	186	16	change	change	NOUN
ajfa-835	186	17	and	and	CCONJ
ajfa-835	186	18	post	post	ADJ
ajfa-835	186	19	-	-	ADJ
ajfa-835	186	20	change	change	ADJ
ajfa-835	186	21	period	period	NOUN
ajfa-835	186	22	.	.	PUNCT
ajfa-835	187	1	pre	pre	ADJ
ajfa-835	187	2	-	-	ADJ
ajfa-835	187	3	change	change	ADJ
ajfa-835	187	4	betas	beta	NOUN
ajfa-835	187	5	and	and	CCONJ
ajfa-835	187	6	post	post	ADJ
ajfa-835	187	7	-	-	ADJ
ajfa-835	187	8	change	change	ADJ
ajfa-835	187	9	betas	beta	NOUN
ajfa-835	187	10	are	be	AUX
ajfa-835	187	11	calculated	calculate	VERB
ajfa-835	187	12	using	use	VERB
ajfa-835	187	13	daily	daily	ADJ
ajfa-835	187	14	data	datum	NOUN
ajfa-835	187	15	for	for	ADP
ajfa-835	187	16	the	the	DET
ajfa-835	187	17	period	period	NOUN
ajfa-835	187	18	ad-130	ad-130	NOUN
ajfa-835	187	19	to	to	ADP
ajfa-835	187	20	ad-10	ad-10	PRON
ajfa-835	187	21	and	and	CCONJ
ajfa-835	187	22	period	period	NOUN
ajfa-835	187	23	ed+10	ed+10	PROPN
ajfa-835	187	24	to	to	ADP
ajfa-835	187	25	ed+130	ed+130	PROPN
ajfa-835	187	26	respectively(120	respectively(120	ADJ
ajfa-835	187	27	trading	trading	NOUN
ajfa-835	187	28	days	day	NOUN
ajfa-835	187	29	)	)	PUNCT
ajfa-835	187	30	using	use	VERB
ajfa-835	187	31	daily	daily	ADJ
ajfa-835	187	32	log	log	NOUN
ajfa-835	187	33	returns	return	NOUN
ajfa-835	187	34	in	in	ADP
ajfa-835	187	35	univariate	univariate	ADJ
ajfa-835	187	36	market	market	NOUN
ajfa-835	187	37	model	model	NOUN
ajfa-835	187	38	.	.	PUNCT
ajfa-835	188	1	the	the	DET
ajfa-835	188	2	statistical	statistical	ADJ
ajfa-835	188	3	significance	significance	NOUN
ajfa-835	188	4	is	be	AUX
ajfa-835	188	5	tested	test	VERB
ajfa-835	188	6	cross	cross	VERB
ajfa-835	188	7	sectionally	sectionally	ADV
ajfa-835	188	8	using	use	VERB
ajfa-835	188	9	one	one	NUM
ajfa-835	188	10	-	-	PUNCT
ajfa-835	188	11	tailed	tail	VERB
ajfa-835	188	12	t	t	NOUN
ajfa-835	188	13	-	-	PUNCT
ajfa-835	188	14	test	test	NOUN
ajfa-835	188	15	.	.	PUNCT
ajfa-835	189	1	*	*	PUNCT
ajfa-835	189	2	*	*	PUNCT
ajfa-835	189	3	*	*	PUNCT
ajfa-835	189	4	,	,	PUNCT
ajfa-835	189	5	*	*	PUNCT
ajfa-835	189	6	*	*	PUNCT
ajfa-835	189	7	,	,	PUNCT
ajfa-835	189	8	*	*	PUNCT
ajfa-835	189	9	denotes	denote	NOUN
ajfa-835	189	10	statistical	statistical	ADJ
ajfa-835	189	11	significance	significance	NOUN
ajfa-835	189	12	at	at	ADP
ajfa-835	189	13	1	1	NUM
ajfa-835	189	14	%	%	NOUN
ajfa-835	189	15	,	,	PUNCT
ajfa-835	189	16	5	5	NUM
ajfa-835	189	17	%	%	NOUN
ajfa-835	189	18	and	and	CCONJ
ajfa-835	189	19	10	10	NUM
ajfa-835	189	20	%	%	NOUN
ajfa-835	189	21	level	level	NOUN
ajfa-835	189	22	respectively	respectively	ADV
ajfa-835	189	23	.	.	PUNCT
ajfa-835	190	1	however	however	ADV
ajfa-835	190	2	,	,	PUNCT
ajfa-835	190	3	if	if	SCONJ
ajfa-835	190	4	the	the	DET
ajfa-835	190	5	stocks10	stocks10	NOUN
ajfa-835	190	6	with	with	ADP
ajfa-835	190	7	substantial	substantial	ADJ
ajfa-835	190	8	pre	pre	ADJ
ajfa-835	190	9	addition	addition	NOUN
ajfa-835	190	10	/	/	SYM
ajfa-835	190	11	deletion	deletion	NOUN
ajfa-835	190	12	and	and	CCONJ
ajfa-835	190	13	post	post	VERB
ajfa-835	190	14	addition	addition	NOUN
ajfa-835	190	15	/	/	SYM
ajfa-835	190	16	deletion	deletion	NOUN
ajfa-835	190	17	time	time	NOUN
ajfa-835	190	18	series	series	PROPN
ajfa-835	190	19	falling	fall	VERB
ajfa-835	190	20	in	in	ADP
ajfa-835	190	21	the	the	DET
ajfa-835	190	22	recession	recession	NOUN
ajfa-835	190	23	period	period	NOUN
ajfa-835	190	24	jan-2008	jan-2008	NOUN
ajfa-835	190	25	to	to	ADP
ajfa-835	190	26	mar	mar	PROPN
ajfa-835	190	27	2009	2009	NUM
ajfa-835	190	28	is	be	AUX
ajfa-835	190	29	removed	remove	VERB
ajfa-835	190	30	,	,	PUNCT
ajfa-835	190	31	the	the	DET
ajfa-835	190	32	second	second	ADJ
ajfa-835	190	33	sub	sub	ADJ
ajfa-835	190	34	-	-	NOUN
ajfa-835	190	35	period	period	NOUN
ajfa-835	190	36	mean	mean	NOUN
ajfa-835	190	37	beta	beta	NOUN
ajfa-835	190	38	change	change	NOUN
ajfa-835	190	39	for	for	ADP
ajfa-835	190	40	addition	addition	NOUN
ajfa-835	190	41	increases	increase	NOUN
ajfa-835	190	42	to	to	ADP
ajfa-835	190	43	0.233	0.233	NUM
ajfa-835	190	44	from	from	ADP
ajfa-835	190	45	0.153	0.153	NUM
ajfa-835	190	46	but	but	CCONJ
ajfa-835	190	47	for	for	ADP
ajfa-835	190	48	the	the	DET
ajfa-835	190	49	deletions	deletion	NOUN
ajfa-835	190	50	decreases	decrease	VERB
ajfa-835	190	51	from	from	ADP
ajfa-835	190	52	-0.002	-0.002	PUNCT
ajfa-835	190	53	to	to	ADP
ajfa-835	190	54	a	a	DET
ajfa-835	190	55	still	still	ADV
ajfa-835	190	56	not	not	PART
ajfa-835	190	57	significant	significant	ADJ
ajfa-835	190	58	-0.027	-0.027	NOUN
ajfa-835	190	59	.	.	PUNCT
ajfa-835	191	1	similarly	similarly	ADV
ajfa-835	191	2	the	the	DET
ajfa-835	191	3	percentage	percentage	NOUN
ajfa-835	191	4	of	of	ADP
ajfa-835	191	5	stocks	stock	NOUN
ajfa-835	191	6	with	with	ADP
ajfa-835	191	7	positive	positive	ADJ
ajfa-835	191	8	beta	beta	NOUN
ajfa-835	191	9	change	change	NOUN
ajfa-835	191	10	increases	increase	VERB
ajfa-835	191	11	to	to	ADP
ajfa-835	191	12	70	70	NUM
ajfa-835	191	13	%	%	NOUN
ajfa-835	191	14	from	from	ADP
ajfa-835	191	15	54	54	NUM
ajfa-835	191	16	%	%	NOUN
ajfa-835	191	17	in	in	ADP
ajfa-835	191	18	the	the	DET
ajfa-835	191	19	case	case	NOUN
ajfa-835	191	20	of	of	ADP
ajfa-835	191	21	additions	addition	NOUN
ajfa-835	191	22	.	.	PUNCT
ajfa-835	192	1	further	far	ADV
ajfa-835	192	2	,	,	PUNCT
ajfa-835	192	3	the	the	DET
ajfa-835	192	4	recent	recent	ADJ
ajfa-835	192	5	period	period	NOUN
ajfa-835	192	6	results	result	VERB
ajfa-835	192	7	after	after	ADP
ajfa-835	192	8	removing	remove	VERB
ajfa-835	192	9	the	the	DET
ajfa-835	192	10	recession	recession	NOUN
ajfa-835	192	11	period	period	NOUN
ajfa-835	192	12	data	datum	NOUN
ajfa-835	192	13	are	be	AUX
ajfa-835	192	14	still	still	ADV
ajfa-835	192	15	not	not	PART
ajfa-835	192	16	in	in	ADP
ajfa-835	192	17	line	line	NOUN
ajfa-835	192	18	with	with	ADP
ajfa-835	192	19	that	that	PRON
ajfa-835	192	20	of	of	ADP
ajfa-835	192	21	the	the	DET
ajfa-835	192	22	developed	develop	VERB
ajfa-835	192	23	markets	market	NOUN
ajfa-835	192	24	with	with	ADP
ajfa-835	192	25	significant	significant	ADJ
ajfa-835	192	26	beta	beta	ADJ
ajfa-835	192	27	increase	increase	NOUN
ajfa-835	192	28	for	for	ADP
ajfa-835	192	29	additions	addition	NOUN
ajfa-835	192	30	and	and	CCONJ
ajfa-835	192	31	small	small	ADJ
ajfa-835	192	32	beta	beta	NOUN
ajfa-835	192	33	decrease	decrease	NOUN
ajfa-835	192	34	(	(	PUNCT
ajfa-835	192	35	statistically	statistically	ADV
ajfa-835	192	36	not	not	PART
ajfa-835	192	37	significant	significant	ADJ
ajfa-835	192	38	)	)	PUNCT
ajfa-835	192	39	for	for	ADP
ajfa-835	192	40	deletions	deletion	NOUN
ajfa-835	192	41	.	.	PUNCT
ajfa-835	193	1	10	10	NUM
ajfa-835	193	2	five	five	NUM
ajfa-835	193	3	stocks	stock	NOUN
ajfa-835	193	4	in	in	ADP
ajfa-835	193	5	addition	addition	NOUN
ajfa-835	193	6	and	and	CCONJ
ajfa-835	193	7	four	four	NUM
ajfa-835	193	8	stocks	stock	NOUN
ajfa-835	193	9	in	in	ADP
ajfa-835	193	10	deletion	deletion	NOUN
ajfa-835	193	11	.	.	PUNCT
ajfa-835	194	1	asian	asian	ADJ
ajfa-835	194	2	journal	journal	PROPN
ajfa-835	194	3	of	of	ADP
ajfa-835	194	4	finance	finance	PROPN
ajfa-835	194	5	&	&	CCONJ
ajfa-835	194	6	accounting	accounting	PROPN
ajfa-835	194	7	issn	issn	PROPN
ajfa-835	194	8	1946	1946	NUM
ajfa-835	194	9	-	-	PUNCT
ajfa-835	194	10	052x	052x	NOUN
ajfa-835	194	11	2011	2011	NUM
ajfa-835	194	12	,	,	PUNCT
ajfa-835	194	13	vol	vol	NOUN
ajfa-835	194	14	.	.	PROPN
ajfa-835	195	1	3	3	NUM
ajfa-835	195	2	,	,	PUNCT
ajfa-835	195	3	no	no	INTJ
ajfa-835	195	4	.	.	NOUN
ajfa-835	195	5	1	1	NUM
ajfa-835	195	6	:	:	PUNCT
ajfa-835	195	7	e12	e12	NOUN
ajfa-835	195	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-835	195	9	195	195	NUM
ajfa-835	195	10	in	in	ADP
ajfa-835	195	11	order	order	NOUN
ajfa-835	195	12	to	to	PART
ajfa-835	195	13	verify	verify	VERB
ajfa-835	195	14	that	that	SCONJ
ajfa-835	195	15	few	few	ADJ
ajfa-835	195	16	outliers	outlier	NOUN
ajfa-835	195	17	do	do	AUX
ajfa-835	195	18	not	not	PART
ajfa-835	195	19	cause	cause	VERB
ajfa-835	195	20	the	the	DET
ajfa-835	195	21	results	result	NOUN
ajfa-835	195	22	,	,	PUNCT
ajfa-835	195	23	the	the	DET
ajfa-835	195	24	percentage	percentage	NOUN
ajfa-835	195	25	of	of	ADP
ajfa-835	195	26	stocks	stock	NOUN
ajfa-835	195	27	with	with	ADP
ajfa-835	195	28	beta	beta	ADJ
ajfa-835	195	29	increase	increase	NOUN
ajfa-835	195	30	is	be	AUX
ajfa-835	195	31	calculated	calculate	VERB
ajfa-835	195	32	for	for	ADP
ajfa-835	195	33	both	both	CCONJ
ajfa-835	195	34	the	the	DET
ajfa-835	195	35	additions	addition	NOUN
ajfa-835	195	36	and	and	CCONJ
ajfa-835	195	37	deletions	deletion	NOUN
ajfa-835	195	38	.	.	PUNCT
ajfa-835	196	1	the	the	DET
ajfa-835	196	2	percentage	percentage	NOUN
ajfa-835	196	3	of	of	ADP
ajfa-835	196	4	stocks	stock	NOUN
ajfa-835	196	5	with	with	ADP
ajfa-835	196	6	positive	positive	ADJ
ajfa-835	196	7	beta	beta	NOUN
ajfa-835	196	8	change	change	NOUN
ajfa-835	196	9	is	be	AUX
ajfa-835	196	10	over	over	ADP
ajfa-835	196	11	50	50	NUM
ajfa-835	196	12	%	%	NOUN
ajfa-835	196	13	for	for	ADP
ajfa-835	196	14	the	the	DET
ajfa-835	196	15	complete	complete	ADJ
ajfa-835	196	16	period	period	NOUN
ajfa-835	196	17	for	for	ADP
ajfa-835	196	18	not	not	PART
ajfa-835	196	19	only	only	ADV
ajfa-835	196	20	the	the	DET
ajfa-835	196	21	added	add	VERB
ajfa-835	196	22	stocks	stock	NOUN
ajfa-835	196	23	but	but	CCONJ
ajfa-835	196	24	also	also	ADV
ajfa-835	196	25	the	the	DET
ajfa-835	196	26	deleted	delete	VERB
ajfa-835	196	27	stocks	stock	NOUN
ajfa-835	196	28	.	.	PUNCT
ajfa-835	197	1	this	this	PRON
ajfa-835	197	2	suggests	suggest	VERB
ajfa-835	197	3	that	that	SCONJ
ajfa-835	197	4	the	the	DET
ajfa-835	197	5	results	result	NOUN
ajfa-835	197	6	are	be	AUX
ajfa-835	197	7	not	not	PART
ajfa-835	197	8	due	due	ADJ
ajfa-835	197	9	to	to	ADP
ajfa-835	197	10	a	a	DET
ajfa-835	197	11	few	few	ADJ
ajfa-835	197	12	outliers	outlier	NOUN
ajfa-835	197	13	.	.	PUNCT
ajfa-835	198	1	the	the	DET
ajfa-835	198	2	asymmetric	asymmetric	ADJ
ajfa-835	198	3	results	result	NOUN
ajfa-835	198	4	for	for	ADP
ajfa-835	198	5	the	the	DET
ajfa-835	198	6	addition	addition	NOUN
ajfa-835	198	7	and	and	CCONJ
ajfa-835	198	8	deletion	deletion	NOUN
ajfa-835	198	9	do	do	AUX
ajfa-835	198	10	not	not	PART
ajfa-835	198	11	appear	appear	VERB
ajfa-835	198	12	to	to	PART
ajfa-835	198	13	support	support	VERB
ajfa-835	198	14	category	category	NOUN
ajfa-835	198	15	based	base	VERB
ajfa-835	198	16	reasoning	reasoning	NOUN
ajfa-835	198	17	in	in	ADP
ajfa-835	198	18	barberis	barberis	PROPN
ajfa-835	198	19	et	et	PROPN
ajfa-835	198	20	al	al	PROPN
ajfa-835	198	21	preposition	preposition	PROPN
ajfa-835	198	22	i	i	PROPN
ajfa-835	198	23	for	for	ADP
ajfa-835	198	24	the	the	DET
ajfa-835	198	25	co	co	NOUN
ajfa-835	198	26	-	-	NOUN
ajfa-835	198	27	movement	movement	NOUN
ajfa-835	198	28	subsequent	subsequent	ADJ
ajfa-835	198	29	to	to	ADP
ajfa-835	198	30	nifty	nifty	ADJ
ajfa-835	198	31	index	index	NOUN
ajfa-835	198	32	changes	change	NOUN
ajfa-835	198	33	.	.	PUNCT
ajfa-835	199	1	we	we	PRON
ajfa-835	199	2	have	have	AUX
ajfa-835	199	3	also	also	ADV
ajfa-835	199	4	used	use	VERB
ajfa-835	199	5	a	a	DET
ajfa-835	199	6	matched	match	VERB
ajfa-835	199	7	sample	sample	NOUN
ajfa-835	199	8	methodology	methodology	NOUN
ajfa-835	199	9	(	(	PUNCT
ajfa-835	199	10	results	result	NOUN
ajfa-835	199	11	not	not	PART
ajfa-835	199	12	showed	show	VERB
ajfa-835	199	13	for	for	ADP
ajfa-835	199	14	brevity	brevity	NOUN
ajfa-835	199	15	)	)	PUNCT
ajfa-835	199	16	using	use	VERB
ajfa-835	199	17	firms	firm	NOUN
ajfa-835	199	18	that	that	PRON
ajfa-835	199	19	have	have	AUX
ajfa-835	199	20	not	not	PART
ajfa-835	199	21	been	be	AUX
ajfa-835	199	22	added	add	VERB
ajfa-835	199	23	from	from	ADP
ajfa-835	199	24	the	the	DET
ajfa-835	199	25	nifty	nifty	ADJ
ajfa-835	199	26	junior	junior	ADJ
ajfa-835	199	27	index	index	NOUN
ajfa-835	199	28	.	.	PUNCT
ajfa-835	200	1	this	this	PRON
ajfa-835	200	2	is	be	AUX
ajfa-835	200	3	important	important	ADJ
ajfa-835	200	4	since	since	SCONJ
ajfa-835	200	5	stocks	stock	NOUN
ajfa-835	200	6	over	over	ADP
ajfa-835	200	7	this	this	DET
ajfa-835	200	8	period	period	NOUN
ajfa-835	200	9	could	could	AUX
ajfa-835	200	10	be	be	AUX
ajfa-835	200	11	showing	show	VERB
ajfa-835	200	12	increased	increase	VERB
ajfa-835	200	13	co	co	NOUN
ajfa-835	200	14	-	-	NOUN
ajfa-835	200	15	movement	movement	NOUN
ajfa-835	200	16	with	with	ADP
ajfa-835	200	17	the	the	DET
ajfa-835	200	18	index	index	NOUN
ajfa-835	200	19	in	in	ADP
ajfa-835	200	20	general	general	ADJ
ajfa-835	200	21	and	and	CCONJ
ajfa-835	200	22	the	the	DET
ajfa-835	200	23	observed	observe	VERB
ajfa-835	200	24	increased	increase	VERB
ajfa-835	200	25	co	co	NOUN
ajfa-835	200	26	-	-	NOUN
ajfa-835	200	27	movement	movement	NOUN
ajfa-835	200	28	might	might	AUX
ajfa-835	200	29	have	have	VERB
ajfa-835	200	30	nothing	nothing	PRON
ajfa-835	200	31	to	to	PART
ajfa-835	200	32	do	do	VERB
ajfa-835	200	33	with	with	ADP
ajfa-835	200	34	addition	addition	NOUN
ajfa-835	200	35	to	to	ADP
ajfa-835	200	36	the	the	DET
ajfa-835	200	37	index	index	NOUN
ajfa-835	200	38	.	.	PUNCT
ajfa-835	201	1	we	we	PRON
ajfa-835	201	2	have	have	AUX
ajfa-835	201	3	chosen	choose	VERB
ajfa-835	201	4	ten	ten	NUM
ajfa-835	201	5	random	random	ADJ
ajfa-835	201	6	stocks	stock	NOUN
ajfa-835	201	7	representing	represent	VERB
ajfa-835	201	8	all	all	DET
ajfa-835	201	9	the	the	DET
ajfa-835	201	10	major	major	ADJ
ajfa-835	201	11	industries	industry	NOUN
ajfa-835	201	12	from	from	ADP
ajfa-835	201	13	the	the	DET
ajfa-835	201	14	nifty	nifty	ADJ
ajfa-835	201	15	junior	junior	ADJ
ajfa-835	201	16	index	index	NOUN
ajfa-835	201	17	and	and	CCONJ
ajfa-835	201	18	have	have	AUX
ajfa-835	201	19	calculated	calculate	VERB
ajfa-835	201	20	‘	'	PUNCT
ajfa-835	201	21	βc	βc	INTJ
ajfa-835	201	22	’	'	PUNCT
ajfa-835	201	23	for	for	ADP
ajfa-835	201	24	these	these	DET
ajfa-835	201	25	nifty	nifty	ADJ
ajfa-835	201	26	junior	junior	ADJ
ajfa-835	201	27	stocks	stock	NOUN
ajfa-835	201	28	similar	similar	ADJ
ajfa-835	201	29	to	to	ADP
ajfa-835	201	30	the	the	DET
ajfa-835	201	31	added	add	VERB
ajfa-835	201	32	stocks	stock	NOUN
ajfa-835	201	33	using	use	VERB
ajfa-835	201	34	the	the	DET
ajfa-835	201	35	same	same	ADJ
ajfa-835	201	36	ad	ad	NOUN
ajfa-835	201	37	and	and	CCONJ
ajfa-835	201	38	ed	ed	NOUN
ajfa-835	201	39	and	and	CCONJ
ajfa-835	201	40	is	be	AUX
ajfa-835	201	41	calculated	calculate	VERB
ajfa-835	201	42	for	for	ADP
ajfa-835	201	43	each	each	PRON
ajfa-835	201	44	by	by	ADP
ajfa-835	201	45	subtracting	subtract	VERB
ajfa-835	201	46	the	the	DET
ajfa-835	201	47	pre	pre	ADJ
ajfa-835	201	48	event	event	NOUN
ajfa-835	201	49	beta	beta	NOUN
ajfa-835	201	50	from	from	ADP
ajfa-835	201	51	the	the	DET
ajfa-835	201	52	post	post	NOUN
ajfa-835	201	53	event	event	NOUN
ajfa-835	201	54	beta	beta	ADJ
ajfa-835	201	55	for	for	ADP
ajfa-835	201	56	11	11	NUM
ajfa-835	201	57	different	different	ADJ
ajfa-835	201	58	event	event	NOUN
ajfa-835	201	59	dates	date	NOUN
ajfa-835	201	60	.	.	PUNCT
ajfa-835	202	1	the	the	DET
ajfa-835	202	2	matched	match	VERB
ajfa-835	202	3	sample	sample	NOUN
ajfa-835	202	4	results	result	VERB
ajfa-835	202	5	evidence	evidence	NOUN
ajfa-835	202	6	of	of	ADP
ajfa-835	202	7	‘	'	PUNCT
ajfa-835	202	8	βc	βc	X
ajfa-835	202	9	’	'	PUNCT
ajfa-835	202	10	equal	equal	ADJ
ajfa-835	202	11	to	to	ADP
ajfa-835	202	12	0.038	0.038	NUM
ajfa-835	202	13	as	as	ADP
ajfa-835	202	14	against	against	ADP
ajfa-835	202	15	0.140	0.140	NUM
ajfa-835	202	16	for	for	ADP
ajfa-835	202	17	the	the	DET
ajfa-835	202	18	added	add	VERB
ajfa-835	202	19	stocks	stock	NOUN
ajfa-835	202	20	.	.	PUNCT
ajfa-835	203	1	further	far	ADV
ajfa-835	203	2	,	,	PUNCT
ajfa-835	203	3	we	we	PRON
ajfa-835	203	4	ran	run	VERB
ajfa-835	203	5	a	a	DET
ajfa-835	203	6	regression	regression	NOUN
ajfa-835	203	7	between	between	ADP
ajfa-835	203	8	the	the	DET
ajfa-835	203	9	matched	match	VERB
ajfa-835	203	10	sample	sample	NOUN
ajfa-835	203	11	‘	'	PUNCT
ajfa-835	203	12	βc	βc	NUM
ajfa-835	203	13	’	'	PUNCT
ajfa-835	203	14	and	and	CCONJ
ajfa-835	203	15	with	with	ADP
ajfa-835	203	16	that	that	PRON
ajfa-835	203	17	of	of	ADP
ajfa-835	203	18	the	the	DET
ajfa-835	203	19	actual	actual	ADJ
ajfa-835	203	20	added	add	VERB
ajfa-835	203	21	stocks	stock	NOUN
ajfa-835	203	22	using	use	VERB
ajfa-835	203	23	the	the	DET
ajfa-835	203	24	11	11	NUM
ajfa-835	203	25	different	different	ADJ
ajfa-835	203	26	event	event	NOUN
ajfa-835	203	27	dates	date	VERB
ajfa-835	203	28	.	.	PUNCT
ajfa-835	204	1	a	a	DET
ajfa-835	204	2	significantly	significantly	ADV
ajfa-835	204	3	positive	positive	ADJ
ajfa-835	204	4	slope	slope	NOUN
ajfa-835	204	5	coefficient	coefficient	NOUN
ajfa-835	204	6	would	would	AUX
ajfa-835	204	7	suggest	suggest	VERB
ajfa-835	204	8	that	that	SCONJ
ajfa-835	204	9	the	the	DET
ajfa-835	204	10	co	co	NOUN
ajfa-835	204	11	-	-	NOUN
ajfa-835	204	12	movement	movement	NOUN
ajfa-835	204	13	is	be	AUX
ajfa-835	204	14	not	not	PART
ajfa-835	204	15	due	due	ADJ
ajfa-835	204	16	to	to	ADP
ajfa-835	204	17	addition	addition	NOUN
ajfa-835	204	18	and	and	CCONJ
ajfa-835	204	19	may	may	AUX
ajfa-835	204	20	be	be	AUX
ajfa-835	204	21	due	due	ADJ
ajfa-835	204	22	to	to	ADP
ajfa-835	204	23	increased	increase	VERB
ajfa-835	204	24	co	co	NOUN
ajfa-835	204	25	-	-	NOUN
ajfa-835	204	26	movement	movement	NOUN
ajfa-835	204	27	with	with	ADP
ajfa-835	204	28	the	the	DET
ajfa-835	204	29	index	index	NOUN
ajfa-835	204	30	in	in	ADP
ajfa-835	204	31	general	general	ADJ
ajfa-835	204	32	and	and	CCONJ
ajfa-835	204	33	the	the	DET
ajfa-835	204	34	observed	observe	VERB
ajfa-835	204	35	increased	increase	VERB
ajfa-835	204	36	co	co	NOUN
ajfa-835	204	37	-	-	NOUN
ajfa-835	204	38	movement	movement	NOUN
ajfa-835	204	39	might	might	AUX
ajfa-835	204	40	have	have	VERB
ajfa-835	204	41	nothing	nothing	PRON
ajfa-835	204	42	to	to	PART
ajfa-835	204	43	do	do	VERB
ajfa-835	204	44	with	with	ADP
ajfa-835	204	45	addition	addition	NOUN
ajfa-835	204	46	to	to	ADP
ajfa-835	204	47	the	the	DET
ajfa-835	204	48	index	index	NOUN
ajfa-835	204	49	.	.	PUNCT
ajfa-835	205	1	the	the	DET
ajfa-835	205	2	regression	regression	NOUN
ajfa-835	205	3	slope	slope	NOUN
ajfa-835	205	4	co	co	VERB
ajfa-835	205	5	-	-	ADJ
ajfa-835	205	6	efficient	efficient	ADJ
ajfa-835	205	7	was	be	AUX
ajfa-835	205	8	negative	negative	ADJ
ajfa-835	205	9	(	(	PUNCT
ajfa-835	205	10	though	though	SCONJ
ajfa-835	205	11	not	not	PART
ajfa-835	205	12	statistically	statistically	ADV
ajfa-835	205	13	significant	significant	ADJ
ajfa-835	205	14	)	)	PUNCT
ajfa-835	205	15	implying	imply	VERB
ajfa-835	205	16	no	no	DET
ajfa-835	205	17	correlation	correlation	NOUN
ajfa-835	205	18	between	between	ADP
ajfa-835	205	19	the	the	DET
ajfa-835	205	20	beta	beta	NOUN
ajfa-835	205	21	change	change	NOUN
ajfa-835	205	22	of	of	ADP
ajfa-835	205	23	the	the	DET
ajfa-835	205	24	added	add	VERB
ajfa-835	205	25	stocks	stock	NOUN
ajfa-835	205	26	and	and	CCONJ
ajfa-835	205	27	the	the	DET
ajfa-835	205	28	matched	match	VERB
ajfa-835	205	29	sample	sample	NOUN
ajfa-835	205	30	stocks	stock	NOUN
ajfa-835	205	31	.	.	PUNCT
ajfa-835	206	1	this	this	PRON
ajfa-835	206	2	confirms	confirm	VERB
ajfa-835	206	3	that	that	SCONJ
ajfa-835	206	4	the	the	DET
ajfa-835	206	5	increased	increase	VERB
ajfa-835	206	6	co	co	NOUN
ajfa-835	206	7	-	-	NOUN
ajfa-835	206	8	movement	movement	NOUN
ajfa-835	206	9	is	be	AUX
ajfa-835	206	10	due	due	ADJ
ajfa-835	206	11	to	to	ADP
ajfa-835	206	12	index	index	NOUN
ajfa-835	206	13	addition	addition	NOUN
ajfa-835	206	14	only	only	ADV
ajfa-835	206	15	.	.	PUNCT
ajfa-835	207	1	in	in	ADP
ajfa-835	207	2	order	order	NOUN
ajfa-835	207	3	to	to	PART
ajfa-835	207	4	test	test	VERB
ajfa-835	207	5	for	for	ADP
ajfa-835	207	6	the	the	DET
ajfa-835	207	7	barberis	barberis	PROPN
ajfa-835	207	8	et	et	PROPN
ajfa-835	207	9	al	al	PROPN
ajfa-835	207	10	(	(	PUNCT
ajfa-835	207	11	2002	2002	NUM
ajfa-835	207	12	)	)	PUNCT
ajfa-835	207	13	assertion	assertion	NOUN
ajfa-835	207	14	that	that	SCONJ
ajfa-835	207	15	if	if	SCONJ
ajfa-835	207	16	the	the	DET
ajfa-835	207	17	index	index	NOUN
ajfa-835	207	18	trading	trading	NOUN
ajfa-835	207	19	strategies	strategy	NOUN
ajfa-835	207	20	are	be	AUX
ajfa-835	207	21	the	the	DET
ajfa-835	207	22	main	main	ADJ
ajfa-835	207	23	reason	reason	NOUN
ajfa-835	207	24	for	for	ADP
ajfa-835	207	25	the	the	DET
ajfa-835	207	26	significant	significant	ADJ
ajfa-835	207	27	co	co	NOUN
ajfa-835	207	28	-	-	NOUN
ajfa-835	207	29	movement	movement	NOUN
ajfa-835	207	30	,	,	PUNCT
ajfa-835	207	31	the	the	DET
ajfa-835	207	32	results	result	NOUN
ajfa-835	207	33	should	should	AUX
ajfa-835	207	34	be	be	AUX
ajfa-835	207	35	stronger	strong	ADJ
ajfa-835	207	36	in	in	ADP
ajfa-835	207	37	the	the	DET
ajfa-835	207	38	later	later	ADJ
ajfa-835	207	39	sub	sub	NOUN
ajfa-835	207	40	-	-	NOUN
ajfa-835	207	41	period	period	NOUN
ajfa-835	207	42	along	along	ADP
ajfa-835	207	43	with	with	ADP
ajfa-835	207	44	the	the	DET
ajfa-835	207	45	growth	growth	NOUN
ajfa-835	207	46	of	of	ADP
ajfa-835	207	47	index	index	NOUN
ajfa-835	207	48	funds	fund	NOUN
ajfa-835	207	49	.	.	PUNCT
ajfa-835	208	1	the	the	DET
ajfa-835	208	2	difference	difference	NOUN
ajfa-835	208	3	between	between	ADP
ajfa-835	208	4	the	the	DET
ajfa-835	208	5	beta	beta	ADJ
ajfa-835	208	6	changes	change	NOUN
ajfa-835	208	7	in	in	ADP
ajfa-835	208	8	both	both	CCONJ
ajfa-835	208	9	the	the	DET
ajfa-835	208	10	sub	sub	NOUN
ajfa-835	208	11	periods	period	NOUN
ajfa-835	208	12	in	in	ADP
ajfa-835	208	13	panel	panel	NOUN
ajfa-835	208	14	a	a	PRON
ajfa-835	208	15	is	be	AUX
ajfa-835	208	16	compared	compare	VERB
ajfa-835	208	17	using	use	VERB
ajfa-835	208	18	both	both	CCONJ
ajfa-835	208	19	parametric	parametric	ADJ
ajfa-835	208	20	(	(	PUNCT
ajfa-835	208	21	two	two	NUM
ajfa-835	208	22	sample	sample	NOUN
ajfa-835	208	23	t	t	NOUN
ajfa-835	208	24	-	-	PUNCT
ajfa-835	208	25	test	test	NOUN
ajfa-835	208	26	)	)	PUNCT
ajfa-835	208	27	and	and	CCONJ
ajfa-835	208	28	non	non	ADJ
ajfa-835	208	29	-	-	ADJ
ajfa-835	208	30	parametric	parametric	ADJ
ajfa-835	208	31	tests	test	NOUN
ajfa-835	208	32	(	(	PUNCT
ajfa-835	208	33	mann	mann	PROPN
ajfa-835	208	34	whitney	whitney	PROPN
ajfa-835	208	35	test	test	PROPN
ajfa-835	208	36	)	)	PUNCT
ajfa-835	208	37	.	.	PUNCT
ajfa-835	209	1	the	the	DET
ajfa-835	209	2	tests	test	NOUN
ajfa-835	209	3	unanimously	unanimously	ADV
ajfa-835	209	4	suggest	suggest	VERB
ajfa-835	209	5	that	that	SCONJ
ajfa-835	209	6	the	the	DET
ajfa-835	209	7	difference	difference	NOUN
ajfa-835	209	8	in	in	ADP
ajfa-835	209	9	beta	beta	ADJ
ajfa-835	209	10	changes	change	NOUN
ajfa-835	209	11	between	between	ADP
ajfa-835	209	12	the	the	DET
ajfa-835	209	13	two	two	NUM
ajfa-835	209	14	sub	sub	NOUN
ajfa-835	209	15	-	-	ADJ
ajfa-835	209	16	periods	period	NOUN
ajfa-835	209	17	is	be	AUX
ajfa-835	209	18	not	not	PART
ajfa-835	209	19	significant	significant	ADJ
ajfa-835	209	20	at	at	ADP
ajfa-835	209	21	any	any	DET
ajfa-835	209	22	level	level	NOUN
ajfa-835	209	23	of	of	ADP
ajfa-835	209	24	significance11	significance11	NOUN
ajfa-835	209	25	suggesting	suggest	VERB
ajfa-835	209	26	that	that	SCONJ
ajfa-835	209	27	the	the	DET
ajfa-835	209	28	beta	beta	NOUN
ajfa-835	209	29	change	change	NOUN
ajfa-835	209	30	is	be	AUX
ajfa-835	209	31	not	not	PART
ajfa-835	209	32	significantly	significantly	ADV
ajfa-835	209	33	stronger	strong	ADJ
ajfa-835	209	34	in	in	ADP
ajfa-835	209	35	the	the	DET
ajfa-835	209	36	later	later	ADJ
ajfa-835	209	37	period	period	NOUN
ajfa-835	209	38	.	.	PUNCT
ajfa-835	210	1	this	this	DET
ajfa-835	210	2	result	result	NOUN
ajfa-835	210	3	does	do	AUX
ajfa-835	210	4	not	not	PART
ajfa-835	210	5	support	support	VERB
ajfa-835	210	6	the	the	DET
ajfa-835	210	7	index	index	NOUN
ajfa-835	210	8	trading	trading	NOUN
ajfa-835	210	9	strategies	strategy	NOUN
ajfa-835	210	10	assertion	assertion	NOUN
ajfa-835	210	11	.	.	PUNCT
ajfa-835	211	1	further	far	ADV
ajfa-835	211	2	if	if	SCONJ
ajfa-835	211	3	the	the	DET
ajfa-835	211	4	beta	beta	ADJ
ajfa-835	211	5	effect	effect	NOUN
ajfa-835	211	6	(	(	PUNCT
ajfa-835	211	7	βc	βc	X
ajfa-835	211	8	)	)	PUNCT
ajfa-835	211	9	gets	get	VERB
ajfa-835	211	10	stronger	strong	ADJ
ajfa-835	211	11	along	along	ADP
ajfa-835	211	12	with	with	ADP
ajfa-835	211	13	the	the	DET
ajfa-835	211	14	growth	growth	NOUN
ajfa-835	211	15	of	of	ADP
ajfa-835	211	16	index	index	NOUN
ajfa-835	211	17	funds12	funds12	PROPN
ajfa-835	211	18	,	,	PUNCT
ajfa-835	211	19	a	a	DET
ajfa-835	211	20	significantly	significantly	ADV
ajfa-835	211	21	positive	positive	ADJ
ajfa-835	211	22	slope	slope	NOUN
ajfa-835	211	23	co	co	NOUN
ajfa-835	211	24	-	-	ADJ
ajfa-835	211	25	efficient	efficient	ADJ
ajfa-835	211	26	should	should	AUX
ajfa-835	211	27	result	result	VERB
ajfa-835	211	28	when	when	SCONJ
ajfa-835	211	29	yearly	yearly	ADJ
ajfa-835	211	30	beta	beta	NOUN
ajfa-835	211	31	change	change	NOUN
ajfa-835	211	32	(	(	PUNCT
ajfa-835	211	33	table	table	NOUN
ajfa-835	211	34	1	1	NUM
ajfa-835	211	35	)	)	PUNCT
ajfa-835	211	36	is	be	AUX
ajfa-835	211	37	regressed	regress	VERB
ajfa-835	211	38	with	with	ADP
ajfa-835	211	39	the	the	DET
ajfa-835	211	40	yearly	yearly	ADJ
ajfa-835	211	41	average	average	ADJ
ajfa-835	211	42	value	value	NOUN
ajfa-835	211	43	under	under	ADP
ajfa-835	211	44	mutual	mutual	ADJ
ajfa-835	211	45	funds	fund	NOUN
ajfa-835	211	46	.	.	PUNCT
ajfa-835	212	1	however	however	ADV
ajfa-835	212	2	the	the	DET
ajfa-835	212	3	regression13	regression13	NOUN
ajfa-835	212	4	slope	slope	NOUN
ajfa-835	212	5	co	co	ADJ
ajfa-835	212	6	-	-	ADJ
ajfa-835	212	7	efficient	efficient	ADJ
ajfa-835	212	8	is	be	AUX
ajfa-835	212	9	found	find	VERB
ajfa-835	212	10	to	to	PART
ajfa-835	212	11	be	be	AUX
ajfa-835	212	12	almost	almost	ADV
ajfa-835	212	13	zero	zero	NUM
ajfa-835	212	14	and	and	CCONJ
ajfa-835	212	15	is	be	AUX
ajfa-835	212	16	not	not	PART
ajfa-835	212	17	statistically	statistically	ADV
ajfa-835	212	18	significant	significant	ADJ
ajfa-835	212	19	at	at	ADP
ajfa-835	212	20	any	any	DET
ajfa-835	212	21	level	level	NOUN
ajfa-835	212	22	of	of	ADP
ajfa-835	212	23	significance	significance	NOUN
ajfa-835	212	24	.	.	PUNCT
ajfa-835	213	1	the	the	DET
ajfa-835	213	2	results	result	NOUN
ajfa-835	213	3	of	of	ADP
ajfa-835	213	4	this	this	DET
ajfa-835	213	5	study	study	NOUN
ajfa-835	213	6	differ	differ	VERB
ajfa-835	213	7	from	from	ADP
ajfa-835	213	8	those	those	PRON
ajfa-835	213	9	of	of	ADP
ajfa-835	213	10	barberis	barberis	PROPN
ajfa-835	213	11	et	et	PROPN
ajfa-835	213	12	al(2002	al(2002	NOUN
ajfa-835	213	13	)	)	PUNCT
ajfa-835	213	14	and	and	CCONJ
ajfa-835	213	15	coakley	coakley	NOUN
ajfa-835	213	16	and	and	CCONJ
ajfa-835	213	17	kougalis	kougalis	PROPN
ajfa-835	213	18	(	(	PUNCT
ajfa-835	213	19	2004	2004	NUM
ajfa-835	213	20	)	)	PUNCT
ajfa-835	213	21	in	in	ADP
ajfa-835	213	22	not	not	PART
ajfa-835	213	23	supporting	support	VERB
ajfa-835	213	24	the	the	DET
ajfa-835	213	25	index	index	NOUN
ajfa-835	213	26	trading	trading	NOUN
ajfa-835	213	27	based	base	VERB
ajfa-835	213	28	co	co	NOUN
ajfa-835	213	29	-	-	NOUN
ajfa-835	213	30	movement	movement	NOUN
ajfa-835	213	31	as	as	ADP
ajfa-835	213	32	the	the	DET
ajfa-835	213	33	reason	reason	NOUN
ajfa-835	213	34	for	for	ADP
ajfa-835	213	35	co	co	NOUN
ajfa-835	213	36	-	-	NOUN
ajfa-835	213	37	movement	movement	NOUN
ajfa-835	213	38	subsequent	subsequent	ADJ
ajfa-835	213	39	to	to	ADP
ajfa-835	213	40	index	index	NOUN
ajfa-835	213	41	additions	addition	NOUN
ajfa-835	213	42	.	.	PUNCT
ajfa-835	214	1	the	the	DET
ajfa-835	214	2	above	above	ADJ
ajfa-835	214	3	results	result	NOUN
ajfa-835	214	4	along	along	ADP
ajfa-835	214	5	with	with	ADP
ajfa-835	214	6	the	the	DET
ajfa-835	214	7	univariate	univariate	ADJ
ajfa-835	214	8	results	result	NOUN
ajfa-835	214	9	for	for	ADP
ajfa-835	214	10	deletions	deletion	NOUN
ajfa-835	214	11	do	do	AUX
ajfa-835	214	12	not	not	PART
ajfa-835	214	13	support	support	VERB
ajfa-835	214	14	the	the	DET
ajfa-835	214	15	11	11	NUM
ajfa-835	214	16	the	the	DET
ajfa-835	214	17	results	result	NOUN
ajfa-835	214	18	of	of	ADP
ajfa-835	214	19	the	the	DET
ajfa-835	214	20	two	two	NUM
ajfa-835	214	21	sample	sample	NOUN
ajfa-835	214	22	test	test	NOUN
ajfa-835	214	23	(	(	PUNCT
ajfa-835	214	24	1999	1999	NUM
ajfa-835	214	25	-	-	SYM
ajfa-835	214	26	2006	2006	NUM
ajfa-835	214	27	and	and	CCONJ
ajfa-835	214	28	2007	2007	NUM
ajfa-835	214	29	-	-	SYM
ajfa-835	214	30	2010	2010	NUM
ajfa-835	214	31	):	):	PUNCT
ajfa-835	214	32	parametric	parametric	ADJ
ajfa-835	214	33	test	test	NOUN
ajfa-835	214	34	:	:	PUNCT
ajfa-835	214	35	t	t	NOUN
ajfa-835	214	36	-	-	PUNCT
ajfa-835	214	37	value	value	NOUN
ajfa-835	214	38	is	be	AUX
ajfa-835	214	39	-0.215	-0.215	ADJ
ajfa-835	214	40	,	,	PUNCT
ajfa-835	214	41	p	p	NOUN
ajfa-835	214	42	-	-	PUNCT
ajfa-835	214	43	value	value	NOUN
ajfa-835	214	44	:	:	PUNCT
ajfa-835	214	45	0.831	0.831	NUM
ajfa-835	214	46	.	.	PUNCT
ajfa-835	215	1	non	non	PROPN
ajfa-835	215	2	parametric	parametric	PROPN
ajfa-835	215	3	test	test	NOUN
ajfa-835	215	4	:	:	PUNCT
ajfa-835	215	5	value	value	NOUN
ajfa-835	215	6	is	be	AUX
ajfa-835	215	7	0.293	0.293	NUM
ajfa-835	215	8	,	,	PUNCT
ajfa-835	215	9	p	p	NOUN
ajfa-835	215	10	-	-	PUNCT
ajfa-835	215	11	value	value	NOUN
ajfa-835	215	12	:	:	PUNCT
ajfa-835	215	13	0.769	0.769	NUM
ajfa-835	215	14	.	.	NOUN
ajfa-835	215	15	12	12	NUM
ajfa-835	215	16	as	as	SCONJ
ajfa-835	215	17	the	the	DET
ajfa-835	215	18	data	datum	NOUN
ajfa-835	215	19	for	for	ADP
ajfa-835	215	20	index	index	NOUN
ajfa-835	215	21	fund	fund	NOUN
ajfa-835	215	22	growth	growth	NOUN
ajfa-835	215	23	in	in	ADP
ajfa-835	215	24	the	the	DET
ajfa-835	215	25	indian	indian	ADJ
ajfa-835	215	26	market	market	NOUN
ajfa-835	215	27	is	be	AUX
ajfa-835	215	28	not	not	PART
ajfa-835	215	29	available	available	ADJ
ajfa-835	215	30	,	,	PUNCT
ajfa-835	215	31	the	the	DET
ajfa-835	215	32	mutual	mutual	ADJ
ajfa-835	215	33	fund	fund	NOUN
ajfa-835	215	34	data	datum	NOUN
ajfa-835	215	35	is	be	AUX
ajfa-835	215	36	used	use	VERB
ajfa-835	215	37	as	as	ADP
ajfa-835	215	38	a	a	DET
ajfa-835	215	39	proxy	proxy	NOUN
ajfa-835	215	40	in	in	ADP
ajfa-835	215	41	this	this	DET
ajfa-835	215	42	study	study	NOUN
ajfa-835	215	43	.	.	PUNCT
ajfa-835	216	1	the	the	DET
ajfa-835	216	2	average	average	ADJ
ajfa-835	216	3	assets	asset	NOUN
ajfa-835	216	4	under	under	ADP
ajfa-835	216	5	mutual	mutual	ADJ
ajfa-835	216	6	fund	fund	NOUN
ajfa-835	216	7	as	as	ADP
ajfa-835	216	8	on	on	ADP
ajfa-835	216	9	31	31	NUM
ajfa-835	216	10	,	,	PUNCT
ajfa-835	216	11	december	december	PROPN
ajfa-835	216	12	.	.	PUNCT
ajfa-835	217	1	the	the	DET
ajfa-835	217	2	source	source	NOUN
ajfa-835	217	3	is	be	AUX
ajfa-835	217	4	www.amfiindia.com	www.amfiindia.com	PROPN
ajfa-835	217	5	.	.	PROPN
ajfa-835	217	6	13	13	NUM
ajfa-835	218	1	the	the	DET
ajfa-835	218	2	d	d	PROPN
ajfa-835	218	3	-	-	PUNCT
ajfa-835	218	4	w	w	ADJ
ajfa-835	218	5	stat	stat	NOUN
ajfa-835	218	6	is	be	AUX
ajfa-835	218	7	within	within	ADP
ajfa-835	218	8	limits	limit	NOUN
ajfa-835	218	9	for	for	ADP
ajfa-835	218	10	all	all	DET
ajfa-835	218	11	the	the	DET
ajfa-835	218	12	regressions	regression	NOUN
ajfa-835	218	13	.	.	PUNCT
ajfa-835	219	1	asian	asian	ADJ
ajfa-835	219	2	journal	journal	PROPN
ajfa-835	219	3	of	of	ADP
ajfa-835	219	4	finance	finance	PROPN
ajfa-835	219	5	&	&	CCONJ
ajfa-835	219	6	accounting	accounting	PROPN
ajfa-835	219	7	issn	issn	PROPN
ajfa-835	219	8	1946	1946	NUM
ajfa-835	219	9	-	-	PUNCT
ajfa-835	219	10	052x	052x	NOUN
ajfa-835	219	11	2011	2011	NUM
ajfa-835	219	12	,	,	PUNCT
ajfa-835	219	13	vol	vol	NOUN
ajfa-835	219	14	.	.	PROPN
ajfa-835	220	1	3	3	NUM
ajfa-835	220	2	,	,	PUNCT
ajfa-835	220	3	no	no	INTJ
ajfa-835	220	4	.	.	NOUN
ajfa-835	220	5	1	1	NUM
ajfa-835	220	6	:	:	PUNCT
ajfa-835	220	7	e12	e12	NOUN
ajfa-835	220	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	220	9	196	196	NUM
ajfa-835	220	10	no	no	DET
ajfa-835	220	11	-	-	PUNCT
ajfa-835	220	12	information	information	NOUN
ajfa-835	220	13	assertion	assertion	NOUN
ajfa-835	220	14	for	for	ADP
ajfa-835	220	15	nifty	nifty	ADJ
ajfa-835	220	16	index	index	NOUN
ajfa-835	220	17	additions	addition	NOUN
ajfa-835	220	18	and	and	CCONJ
ajfa-835	220	19	differs	differ	VERB
ajfa-835	220	20	from	from	ADP
ajfa-835	220	21	those	those	PRON
ajfa-835	220	22	of	of	ADP
ajfa-835	220	23	the	the	DET
ajfa-835	220	24	developed	develop	VERB
ajfa-835	220	25	countries	country	NOUN
ajfa-835	220	26	.	.	PUNCT
ajfa-835	221	1	4.2	4.2	NUM
ajfa-835	221	2	bivariate	bivariate	ADJ
ajfa-835	221	3	regressions	regression	NOUN
ajfa-835	221	4	barberis	barberis	PROPN
ajfa-835	221	5	et	et	PROPN
ajfa-835	221	6	al(2002	al(2002	NOUN
ajfa-835	221	7	)	)	PUNCT
ajfa-835	221	8	introduced	introduce	VERB
ajfa-835	221	9	the	the	DET
ajfa-835	221	10	bivariate	bivariate	ADJ
ajfa-835	221	11	regression	regression	NOUN
ajfa-835	221	12	in	in	ADP
ajfa-835	221	13	their	their	PRON
ajfa-835	221	14	preposition	preposition	NOUN
ajfa-835	221	15	ii	ii	NOUN
ajfa-835	221	16	by	by	ADP
ajfa-835	221	17	introducing	introduce	VERB
ajfa-835	221	18	non	non	ADJ
ajfa-835	221	19	-	-	ADJ
ajfa-835	221	20	s&p	s&p	ADJ
ajfa-835	221	21	500	500	NUM
ajfa-835	221	22	returns	return	NOUN
ajfa-835	221	23	independently	independently	ADV
ajfa-835	221	24	in	in	ADP
ajfa-835	221	25	the	the	DET
ajfa-835	221	26	regression	regression	NOUN
ajfa-835	221	27	and	and	CCONJ
ajfa-835	221	28	stated	state	VERB
ajfa-835	221	29	that	that	SCONJ
ajfa-835	221	30	controlling	control	VERB
ajfa-835	221	31	for	for	ADP
ajfa-835	221	32	nons&p	nons&p	PROPN
ajfa-835	221	33	500	500	NUM
ajfa-835	221	34	stocks	stock	NOUN
ajfa-835	221	35	,	,	PUNCT
ajfa-835	221	36	stocks	stock	NOUN
ajfa-835	221	37	added	add	VERB
ajfa-835	221	38	to	to	ADP
ajfa-835	221	39	(	(	PUNCT
ajfa-835	221	40	deleted	delete	VERB
ajfa-835	221	41	from	from	ADP
ajfa-835	221	42	)	)	PUNCT
ajfa-835	221	43	the	the	DET
ajfa-835	221	44	s&p	s&p	PROPN
ajfa-835	221	45	500	500	NUM
ajfa-835	221	46	index	index	NOUN
ajfa-835	221	47	will	will	AUX
ajfa-835	221	48	experience	experience	VERB
ajfa-835	221	49	a	a	DET
ajfa-835	221	50	beta	beta	NOUN
ajfa-835	221	51	increase	increase	NOUN
ajfa-835	221	52	(	(	PUNCT
ajfa-835	221	53	decrease	decrease	NOUN
ajfa-835	221	54	)	)	PUNCT
ajfa-835	221	55	.	.	PUNCT
ajfa-835	222	1	in	in	ADP
ajfa-835	222	2	the	the	DET
ajfa-835	222	3	nifty	nifty	ADJ
ajfa-835	222	4	index	index	NOUN
ajfa-835	222	5	additions	addition	NOUN
ajfa-835	222	6	,	,	PUNCT
ajfa-835	222	7	stocks	stock	NOUN
ajfa-835	222	8	are	be	AUX
ajfa-835	222	9	added	add	VERB
ajfa-835	222	10	from	from	ADP
ajfa-835	222	11	among	among	ADP
ajfa-835	222	12	the	the	DET
ajfa-835	222	13	top	top	ADJ
ajfa-835	222	14	market	market	NOUN
ajfa-835	222	15	capitalization	capitalization	NOUN
ajfa-835	222	16	stocks	stock	NOUN
ajfa-835	222	17	of	of	ADP
ajfa-835	222	18	‘	'	PUNCT
ajfa-835	222	19	nifty	nifty	ADJ
ajfa-835	222	20	junior	junior	ADJ
ajfa-835	222	21	’	'	PUNCT
ajfa-835	222	22	index	index	NOUN
ajfa-835	222	23	but	but	CCONJ
ajfa-835	222	24	the	the	DET
ajfa-835	222	25	stocks	stock	NOUN
ajfa-835	222	26	deleted	delete	VERB
ajfa-835	222	27	from	from	ADP
ajfa-835	222	28	the	the	DET
ajfa-835	222	29	nifty	nifty	ADJ
ajfa-835	222	30	index	index	NOUN
ajfa-835	222	31	are	be	AUX
ajfa-835	222	32	not	not	PART
ajfa-835	222	33	included	include	VERB
ajfa-835	222	34	back	back	ADV
ajfa-835	222	35	in	in	ADP
ajfa-835	222	36	the	the	DET
ajfa-835	222	37	nifty	nifty	ADJ
ajfa-835	222	38	junior	junior	ADJ
ajfa-835	222	39	index	index	NOUN
ajfa-835	222	40	.	.	PUNCT
ajfa-835	223	1	the	the	DET
ajfa-835	223	2	following	follow	VERB
ajfa-835	223	3	bivariate	bivariate	ADJ
ajfa-835	223	4	regression	regression	NOUN
ajfa-835	223	5	is	be	AUX
ajfa-835	223	6	run	run	VERB
ajfa-835	223	7	for	for	ADP
ajfa-835	223	8	all	all	DET
ajfa-835	223	9	the	the	DET
ajfa-835	223	10	added	add	VERB
ajfa-835	223	11	stocks	stock	NOUN
ajfa-835	223	12	,	,	PUNCT
ajfa-835	223	13	rit	rit	PROPN
ajfa-835	223	14	=	=	SYM
ajfa-835	223	15	α	α	PROPN
ajfa-835	223	16	+	+	X
ajfa-835	223	17	βi	βi	PROPN
ajfa-835	223	18	,	,	PUNCT
ajfa-835	223	19	nifty	nifty	ADJ
ajfa-835	223	20	*	*	PUNCT
ajfa-835	223	21	rnifty	rnifty	PROPN
ajfa-835	223	22	,	,	PUNCT
ajfa-835	223	23	t	t	PROPN
ajfa-835	223	24	+	+	X
ajfa-835	223	25	βi	βi	PROPN
ajfa-835	223	26	,	,	PUNCT
ajfa-835	223	27	niftyjunior	niftyjunior	ADJ
ajfa-835	223	28	*	*	PUNCT
ajfa-835	223	29	rniftyjunior	rniftyjunior	PROPN
ajfa-835	223	30	,	,	PUNCT
ajfa-835	223	31	t	t	PROPN
ajfa-835	223	32	+	+	CCONJ
ajfa-835	223	33	εit	εit	NOUN
ajfa-835	223	34	(	(	PUNCT
ajfa-835	223	35	4	4	NUM
ajfa-835	223	36	)	)	PUNCT
ajfa-835	223	37	where	where	SCONJ
ajfa-835	223	38	rniftyjunior	rniftyjunior	NOUN
ajfa-835	223	39	,	,	PUNCT
ajfa-835	223	40	t	t	PROPN
ajfa-835	223	41	is	be	AUX
ajfa-835	223	42	the	the	DET
ajfa-835	223	43	nifty	nifty	ADJ
ajfa-835	223	44	junior	junior	ADJ
ajfa-835	223	45	index	index	NOUN
ajfa-835	223	46	return	return	NOUN
ajfa-835	223	47	on	on	ADP
ajfa-835	223	48	day	day	NOUN
ajfa-835	223	49	‘	'	PUNCT
ajfa-835	223	50	t	t	NOUN
ajfa-835	223	51	’	'	PUNCT
ajfa-835	223	52	.	.	PUNCT
ajfa-835	224	1	barberis	barberis	PROPN
ajfa-835	224	2	et	et	PROPN
ajfa-835	224	3	al(2002	al(2002	PROPN
ajfa-835	224	4	)	)	PUNCT
ajfa-835	224	5	,	,	PUNCT
ajfa-835	224	6	coakley	coakley	NOUN
ajfa-835	224	7	and	and	CCONJ
ajfa-835	224	8	kougalis	kougalis	PROPN
ajfa-835	224	9	(	(	PUNCT
ajfa-835	224	10	2004	2004	NUM
ajfa-835	224	11	)	)	PUNCT
ajfa-835	224	12	have	have	AUX
ajfa-835	224	13	calculated	calculate	VERB
ajfa-835	224	14	and	and	CCONJ
ajfa-835	224	15	used	use	VERB
ajfa-835	224	16	the	the	DET
ajfa-835	224	17	non	non	ADJ
ajfa-835	224	18	-	-	ADJ
ajfa-835	224	19	s&p	s&p	ADJ
ajfa-835	224	20	500	500	NUM
ajfa-835	224	21	and	and	CCONJ
ajfa-835	224	22	non	non	ADJ
ajfa-835	224	23	-	-	ADJ
ajfa-835	224	24	ftse	ftse	ADJ
ajfa-835	224	25	return	return	NOUN
ajfa-835	224	26	respectively	respectively	ADV
ajfa-835	224	27	in	in	ADP
ajfa-835	224	28	the	the	DET
ajfa-835	224	29	bivariate	bivariate	ADJ
ajfa-835	224	30	regression	regression	NOUN
ajfa-835	224	31	using	use	VERB
ajfa-835	224	32	the	the	DET
ajfa-835	224	33	total	total	ADJ
ajfa-835	224	34	market	market	NOUN
ajfa-835	224	35	return	return	NOUN
ajfa-835	224	36	and	and	CCONJ
ajfa-835	224	37	total	total	ADJ
ajfa-835	224	38	market	market	NOUN
ajfa-835	224	39	capitalization	capitalization	NOUN
ajfa-835	224	40	data	datum	NOUN
ajfa-835	224	41	in	in	ADP
ajfa-835	224	42	their	their	PRON
ajfa-835	224	43	respective	respective	ADJ
ajfa-835	224	44	markets	market	NOUN
ajfa-835	224	45	.	.	PUNCT
ajfa-835	225	1	due	due	ADP
ajfa-835	225	2	to	to	ADP
ajfa-835	225	3	paucity	paucity	NOUN
ajfa-835	225	4	of	of	ADP
ajfa-835	225	5	such	such	ADJ
ajfa-835	225	6	readily	readily	ADV
ajfa-835	225	7	available	available	ADJ
ajfa-835	225	8	data	datum	NOUN
ajfa-835	225	9	in	in	ADP
ajfa-835	225	10	the	the	DET
ajfa-835	225	11	indian	indian	ADJ
ajfa-835	225	12	stock	stock	NOUN
ajfa-835	225	13	market	market	NOUN
ajfa-835	225	14	and	and	CCONJ
ajfa-835	225	15	due	due	ADP
ajfa-835	225	16	to	to	ADP
ajfa-835	225	17	the	the	DET
ajfa-835	225	18	fact	fact	NOUN
ajfa-835	225	19	that	that	SCONJ
ajfa-835	225	20	stocks	stock	NOUN
ajfa-835	225	21	added	add	VERB
ajfa-835	225	22	to	to	PART
ajfa-835	225	23	nifty	nifty	VERB
ajfa-835	225	24	as	as	SCONJ
ajfa-835	225	25	a	a	DET
ajfa-835	225	26	rule	rule	NOUN
ajfa-835	225	27	comes	come	VERB
ajfa-835	225	28	from	from	ADP
ajfa-835	225	29	nifty	nifty	ADJ
ajfa-835	225	30	junior	junior	ADJ
ajfa-835	225	31	index	index	NOUN
ajfa-835	225	32	,	,	PUNCT
ajfa-835	225	33	rniftyjunior	rniftyjunior	PROPN
ajfa-835	225	34	,	,	PUNCT
ajfa-835	225	35	t	t	PROPN
ajfa-835	225	36	is	be	AUX
ajfa-835	225	37	used	use	VERB
ajfa-835	225	38	in	in	ADP
ajfa-835	225	39	this	this	DET
ajfa-835	225	40	study	study	NOUN
ajfa-835	225	41	.	.	PUNCT
ajfa-835	226	1	also	also	ADV
ajfa-835	226	2	as	as	SCONJ
ajfa-835	226	3	the	the	DET
ajfa-835	226	4	stocks	stock	NOUN
ajfa-835	226	5	deleted	delete	VERB
ajfa-835	226	6	from	from	ADP
ajfa-835	226	7	the	the	DET
ajfa-835	226	8	nifty	nifty	ADJ
ajfa-835	226	9	index	index	NOUN
ajfa-835	226	10	are	be	AUX
ajfa-835	226	11	not	not	PART
ajfa-835	226	12	included	include	VERB
ajfa-835	226	13	back	back	ADV
ajfa-835	226	14	in	in	ADP
ajfa-835	226	15	the	the	DET
ajfa-835	226	16	nifty	nifty	ADJ
ajfa-835	226	17	junior	junior	PROPN
ajfa-835	226	18	index	index	NOUN
ajfa-835	226	19	,	,	PUNCT
ajfa-835	226	20	similar	similar	ADJ
ajfa-835	226	21	bivariate	bivariate	ADJ
ajfa-835	226	22	regression	regression	NOUN
ajfa-835	226	23	would	would	AUX
ajfa-835	226	24	not	not	PART
ajfa-835	226	25	make	make	VERB
ajfa-835	226	26	sense	sense	NOUN
ajfa-835	226	27	for	for	ADP
ajfa-835	226	28	stocks	stock	NOUN
ajfa-835	226	29	deleted14	deleted14	NOUN
ajfa-835	226	30	from	from	ADP
ajfa-835	226	31	nifty	nifty	ADJ
ajfa-835	226	32	index	index	NOUN
ajfa-835	226	33	.	.	PUNCT
ajfa-835	227	1	according	accord	VERB
ajfa-835	227	2	to	to	ADP
ajfa-835	227	3	barberis	barberis	PROPN
ajfa-835	227	4	et	et	PROPN
ajfa-835	227	5	al	al	PROPN
ajfa-835	227	6	(	(	PUNCT
ajfa-835	227	7	2004	2004	NUM
ajfa-835	227	8	)	)	PUNCT
ajfa-835	227	9	,	,	PUNCT
ajfa-835	227	10	in	in	ADP
ajfa-835	227	11	the	the	DET
ajfa-835	227	12	category	category	NOUN
ajfa-835	227	13	view	view	NOUN
ajfa-835	227	14	,	,	PUNCT
ajfa-835	227	15	the	the	DET
ajfa-835	227	16	basic	basic	ADJ
ajfa-835	227	17	prediction	prediction	NOUN
ajfa-835	227	18	is	be	AUX
ajfa-835	227	19	that	that	SCONJ
ajfa-835	227	20	,	,	PUNCT
ajfa-835	227	21	when	when	SCONJ
ajfa-835	227	22	a	a	DET
ajfa-835	227	23	stock	stock	NOUN
ajfa-835	227	24	enters	enter	VERB
ajfa-835	227	25	a	a	DET
ajfa-835	227	26	bench	bench	NOUN
ajfa-835	227	27	mark	mark	NOUN
ajfa-835	227	28	index	index	NOUN
ajfa-835	227	29	like	like	ADP
ajfa-835	227	30	nifty	nifty	ADJ
ajfa-835	227	31	,	,	PUNCT
ajfa-835	227	32	it	it	PRON
ajfa-835	227	33	becomes	become	VERB
ajfa-835	227	34	more	more	ADV
ajfa-835	227	35	sensitive	sensitive	ADJ
ajfa-835	227	36	to	to	ADP
ajfa-835	227	37	that	that	DET
ajfa-835	227	38	bench	bench	NOUN
ajfa-835	227	39	mark	mark	NOUN
ajfa-835	227	40	index	index	NOUN
ajfa-835	227	41	sentiment	sentiment	NOUN
ajfa-835	227	42	shock	shock	NOUN
ajfa-835	227	43	.	.	PUNCT
ajfa-835	228	1	the	the	DET
ajfa-835	228	2	independent	independent	ADJ
ajfa-835	228	3	variable	variable	NOUN
ajfa-835	228	4	in	in	ADP
ajfa-835	228	5	the	the	DET
ajfa-835	228	6	univariate	univariate	ADJ
ajfa-835	228	7	regression	regression	NOUN
ajfa-835	228	8	in	in	ADP
ajfa-835	228	9	eq(3	eq(3	NOUN
ajfa-835	228	10	)	)	PUNCT
ajfa-835	228	11	is	be	AUX
ajfa-835	228	12	not	not	PART
ajfa-835	228	13	a	a	DET
ajfa-835	228	14	clean	clean	ADJ
ajfa-835	228	15	measure	measure	NOUN
ajfa-835	228	16	of	of	ADP
ajfa-835	228	17	this	this	DET
ajfa-835	228	18	sentiment	sentiment	NOUN
ajfa-835	228	19	shock	shock	NOUN
ajfa-835	228	20	as	as	ADP
ajfa-835	228	21	a	a	DET
ajfa-835	228	22	substantial	substantial	ADJ
ajfa-835	228	23	part	part	NOUN
ajfa-835	228	24	of	of	ADP
ajfa-835	228	25	its	its	PRON
ajfa-835	228	26	variation	variation	NOUN
ajfa-835	228	27	might	might	AUX
ajfa-835	228	28	come	come	VERB
ajfa-835	228	29	from	from	ADP
ajfa-835	228	30	news	news	NOUN
ajfa-835	228	31	about	about	ADP
ajfa-835	228	32	cash	cash	NOUN
ajfa-835	228	33	flows	flow	NOUN
ajfa-835	228	34	.	.	PUNCT
ajfa-835	229	1	the	the	DET
ajfa-835	229	2	βi	βi	PROPN
ajfa-835	229	3	,	,	PUNCT
ajfa-835	229	4	niftyjunior	niftyjunior	ADJ
ajfa-835	229	5	variable	variable	NOUN
ajfa-835	229	6	in	in	ADP
ajfa-835	229	7	eq(4	eq(4	PROPN
ajfa-835	229	8	)	)	PUNCT
ajfa-835	229	9	can	can	AUX
ajfa-835	229	10	be	be	AUX
ajfa-835	229	11	thought	think	VERB
ajfa-835	229	12	of	of	ADP
ajfa-835	229	13	as	as	ADP
ajfa-835	229	14	a	a	DET
ajfa-835	229	15	control	control	NOUN
ajfa-835	229	16	for	for	ADP
ajfa-835	229	17	such	such	ADJ
ajfa-835	229	18	news	news	NOUN
ajfa-835	229	19	,	,	PUNCT
ajfa-835	229	20	making	make	VERB
ajfa-835	229	21	the	the	DET
ajfa-835	229	22	βi	βi	NOUN
ajfa-835	229	23	,	,	PUNCT
ajfa-835	229	24	nifty	nifty	ADJ
ajfa-835	229	25	in	in	ADP
ajfa-835	229	26	eq(4	eq(4	PROPN
ajfa-835	229	27	)	)	PUNCT
ajfa-835	229	28	a	a	DET
ajfa-835	229	29	cleaner	clean	ADJ
ajfa-835	229	30	measure	measure	NOUN
ajfa-835	229	31	of	of	ADP
ajfa-835	229	32	sensitivity	sensitivity	NOUN
ajfa-835	229	33	of	of	ADP
ajfa-835	229	34	such	such	ADJ
ajfa-835	229	35	sentiment	sentiment	NOUN
ajfa-835	229	36	shock	shock	NOUN
ajfa-835	229	37	.	.	PUNCT
ajfa-835	230	1	alternatively	alternatively	ADV
ajfa-835	230	2	,	,	PUNCT
ajfa-835	230	3	under	under	ADP
ajfa-835	230	4	the	the	DET
ajfa-835	230	5	information	information	NOUN
ajfa-835	230	6	diffusion	diffusion	NOUN
ajfa-835	230	7	view	view	NOUN
ajfa-835	230	8	,	,	PUNCT
ajfa-835	230	9	eq(4	eq(4	PROPN
ajfa-835	230	10	)	)	PUNCT
ajfa-835	230	11	is	be	AUX
ajfa-835	230	12	a	a	DET
ajfa-835	230	13	cleaner	clean	ADJ
ajfa-835	230	14	test	test	NOUN
ajfa-835	230	15	than	than	ADP
ajfa-835	230	16	eq(3	eq(3	PROPN
ajfa-835	230	17	)	)	PUNCT
ajfa-835	230	18	of	of	ADP
ajfa-835	230	19	whether	whether	SCONJ
ajfa-835	230	20	,	,	PUNCT
ajfa-835	230	21	after	after	ADP
ajfa-835	230	22	inclusion	inclusion	NOUN
ajfa-835	230	23	,	,	PUNCT
ajfa-835	230	24	stock	stock	NOUN
ajfa-835	230	25	i	i	PRON
ajfa-835	230	26	becomes	become	VERB
ajfa-835	230	27	more	more	ADV
ajfa-835	230	28	sensitive	sensitive	ADJ
ajfa-835	230	29	to	to	ADP
ajfa-835	230	30	that	that	DET
ajfa-835	230	31	component	component	NOUN
ajfa-835	230	32	of	of	ADP
ajfa-835	230	33	market	market	NOUN
ajfa-835	230	34	-	-	PUNCT
ajfa-835	230	35	wide	wide	ADJ
ajfa-835	230	36	news	news	NOUN
ajfa-835	230	37	that	that	PRON
ajfa-835	230	38	is	be	AUX
ajfa-835	230	39	incorporated	incorporate	VERB
ajfa-835	230	40	more	more	ADV
ajfa-835	230	41	quickly	quickly	ADV
ajfa-835	230	42	into	into	ADP
ajfa-835	230	43	nifty	nifty	ADJ
ajfa-835	230	44	index	index	NOUN
ajfa-835	230	45	than	than	ADP
ajfa-835	230	46	into	into	ADP
ajfa-835	230	47	niftyjunior	niftyjunior	ADJ
ajfa-835	230	48	index	index	NOUN
ajfa-835	230	49	.	.	PUNCT
ajfa-835	231	1	the	the	DET
ajfa-835	231	2	results	result	NOUN
ajfa-835	231	3	of	of	ADP
ajfa-835	231	4	bivariate	bivariate	ADJ
ajfa-835	231	5	regession	regession	NOUN
ajfa-835	231	6	are	be	AUX
ajfa-835	231	7	displayed	display	VERB
ajfa-835	231	8	in	in	ADP
ajfa-835	231	9	table	table	NOUN
ajfa-835	231	10	3	3	NUM
ajfa-835	231	11	.	.	PUNCT
ajfa-835	232	1	the	the	DET
ajfa-835	232	2	average	average	ADJ
ajfa-835	232	3	change	change	NOUN
ajfa-835	232	4	in	in	ADP
ajfa-835	232	5	βnifty	βnifty	ADJ
ajfa-835	232	6	and	and	CCONJ
ajfa-835	232	7	average	average	ADJ
ajfa-835	232	8	change	change	NOUN
ajfa-835	232	9	in	in	ADP
ajfa-835	232	10	βniftyjunior	βniftyjunior	NOUN
ajfa-835	232	11	for	for	ADP
ajfa-835	232	12	the	the	DET
ajfa-835	232	13	complete	complete	ADJ
ajfa-835	232	14	period	period	NOUN
ajfa-835	232	15	is	be	AUX
ajfa-835	232	16	0.532	0.532	NUM
ajfa-835	232	17	and	and	CCONJ
ajfa-835	232	18	–	–	PUNCT
ajfa-835	232	19	0.442	0.442	NUM
ajfa-835	232	20	respectively	respectively	ADV
ajfa-835	232	21	and	and	CCONJ
ajfa-835	232	22	statistically	statistically	ADV
ajfa-835	232	23	significant	significant	ADJ
ajfa-835	232	24	.	.	PUNCT
ajfa-835	233	1	the	the	DET
ajfa-835	233	2	results	result	NOUN
ajfa-835	233	3	for	for	ADP
ajfa-835	233	4	both	both	CCONJ
ajfa-835	233	5	the	the	DET
ajfa-835	233	6	sub	sub	NOUN
ajfa-835	233	7	periods	period	NOUN
ajfa-835	233	8	are	be	AUX
ajfa-835	233	9	statistically	statistically	ADV
ajfa-835	233	10	very	very	ADV
ajfa-835	233	11	significant	significant	ADJ
ajfa-835	233	12	.	.	PUNCT
ajfa-835	234	1	the	the	DET
ajfa-835	234	2	though	though	SCONJ
ajfa-835	234	3	the	the	DET
ajfa-835	234	4	change	change	NOUN
ajfa-835	234	5	in	in	ADP
ajfa-835	234	6	βnifty	βnifty	ADJ
ajfa-835	234	7	and	and	CCONJ
ajfa-835	234	8	βniftyjunior	βniftyjunior	ADJ
ajfa-835	234	9	is	be	AUX
ajfa-835	234	10	as	as	ADP
ajfa-835	234	11	per	per	ADP
ajfa-835	234	12	the	the	DET
ajfa-835	234	13	predictions	prediction	NOUN
ajfa-835	234	14	of	of	ADP
ajfa-835	234	15	preposition	preposition	PROPN
ajfa-835	234	16	ii	ii	PROPN
ajfa-835	234	17	of	of	ADP
ajfa-835	234	18	barberis	barberis	PROPN
ajfa-835	234	19	et	et	PROPN
ajfa-835	234	20	al(2002	al(2002	NOUN
ajfa-835	234	21	)	)	PUNCT
ajfa-835	234	22	and	and	CCONJ
ajfa-835	234	23	similar	similar	ADJ
ajfa-835	234	24	to	to	ADP
ajfa-835	234	25	the	the	DET
ajfa-835	234	26	results	result	NOUN
ajfa-835	234	27	evidenced	evidence	VERB
ajfa-835	234	28	in	in	ADP
ajfa-835	234	29	the	the	DET
ajfa-835	234	30	developed	develop	VERB
ajfa-835	234	31	countries	country	NOUN
ajfa-835	234	32	,	,	PUNCT
ajfa-835	234	33	the	the	DET
ajfa-835	234	34	beta	beta	ADJ
ajfa-835	234	35	change	change	NOUN
ajfa-835	234	36	for	for	ADP
ajfa-835	234	37	the	the	DET
ajfa-835	234	38	later	later	ADJ
ajfa-835	234	39	sub	sub	NOUN
ajfa-835	234	40	-	-	NOUN
ajfa-835	234	41	period	period	NOUN
ajfa-835	234	42	is	be	AUX
ajfa-835	234	43	not	not	PART
ajfa-835	234	44	stronger	strong	ADJ
ajfa-835	234	45	than	than	ADP
ajfa-835	234	46	for	for	ADP
ajfa-835	234	47	the	the	DET
ajfa-835	234	48	earlier	early	ADJ
ajfa-835	234	49	sub	sub	NOUN
ajfa-835	234	50	-	-	NOUN
ajfa-835	234	51	period	period	NOUN
ajfa-835	234	52	which	which	PRON
ajfa-835	234	53	suggests	suggest	VERB
ajfa-835	234	54	again	again	ADV
ajfa-835	234	55	that	that	SCONJ
ajfa-835	234	56	the	the	DET
ajfa-835	234	57	index	index	NOUN
ajfa-835	234	58	trading	trading	NOUN
ajfa-835	234	59	strategies	strategy	NOUN
ajfa-835	234	60	may	may	AUX
ajfa-835	234	61	not	not	PART
ajfa-835	234	62	be	be	AUX
ajfa-835	234	63	the	the	DET
ajfa-835	234	64	primary	primary	ADJ
ajfa-835	234	65	reason	reason	NOUN
ajfa-835	234	66	for	for	ADP
ajfa-835	234	67	the	the	DET
ajfa-835	234	68	increased	increase	VERB
ajfa-835	234	69	co	co	NOUN
ajfa-835	234	70	-	-	NOUN
ajfa-835	234	71	movement	movement	NOUN
ajfa-835	234	72	subsequent	subsequent	ADJ
ajfa-835	234	73	to	to	ADP
ajfa-835	234	74	additions	addition	NOUN
ajfa-835	234	75	and	and	CCONJ
ajfa-835	234	76	differs	differ	VERB
ajfa-835	234	77	from	from	ADP
ajfa-835	234	78	the	the	DET
ajfa-835	234	79	results	result	NOUN
ajfa-835	234	80	in	in	ADP
ajfa-835	234	81	developed	develop	VERB
ajfa-835	234	82	markets	market	NOUN
ajfa-835	234	83	.	.	PUNCT
ajfa-835	235	1	moreover	moreover	ADV
ajfa-835	235	2	,	,	PUNCT
ajfa-835	235	3	in	in	ADP
ajfa-835	235	4	the	the	DET
ajfa-835	235	5	developed	develop	VERB
ajfa-835	235	6	markets	market	NOUN
ajfa-835	235	7	the	the	DET
ajfa-835	235	8	magnitude	magnitude	NOUN
ajfa-835	235	9	of	of	ADP
ajfa-835	235	10	decrease	decrease	NOUN
ajfa-835	235	11	in	in	ADP
ajfa-835	235	12	non	non	ADJ
ajfa-835	235	13	s&p	s&p	PROPN
ajfa-835	235	14	/	/	SYM
ajfa-835	235	15	non	non	X
ajfa-835	235	16	ftse	ftse	PROPN
ajfa-835	235	17	beta	beta	NOUN
ajfa-835	235	18	was	be	AUX
ajfa-835	235	19	equal	equal	ADJ
ajfa-835	235	20	or	or	CCONJ
ajfa-835	235	21	more	more	ADJ
ajfa-835	235	22	than	than	ADP
ajfa-835	235	23	the	the	DET
ajfa-835	235	24	magnitude	magnitude	NOUN
ajfa-835	235	25	of	of	ADP
ajfa-835	235	26	increase	increase	NOUN
ajfa-835	235	27	in	in	ADP
ajfa-835	235	28	s&p	s&p	PROPN
ajfa-835	235	29	/	/	SYM
ajfa-835	235	30	ftse	ftse	PROPN
ajfa-835	235	31	beta	beta	NOUN
ajfa-835	235	32	.	.	PUNCT
ajfa-835	236	1	however	however	ADV
ajfa-835	236	2	,	,	PUNCT
ajfa-835	236	3	in	in	ADP
ajfa-835	236	4	the	the	DET
ajfa-835	236	5	indian	indian	ADJ
ajfa-835	236	6	stock	stock	NOUN
ajfa-835	236	7	market	market	NOUN
ajfa-835	236	8	the	the	DET
ajfa-835	236	9	magnitude	magnitude	NOUN
ajfa-835	236	10	of	of	ADP
ajfa-835	236	11	decrease	decrease	NOUN
ajfa-835	236	12	in	in	ADP
ajfa-835	236	13	niftyjunior	niftyjunior	ADJ
ajfa-835	236	14	beta	beta	NOUN
ajfa-835	236	15	was	be	AUX
ajfa-835	236	16	markedly	markedly	ADV
ajfa-835	236	17	lower	low	ADJ
ajfa-835	236	18	than	than	ADP
ajfa-835	236	19	14	14	NUM
ajfa-835	236	20	for	for	ADP
ajfa-835	236	21	the	the	DET
ajfa-835	236	22	stocks	stock	NOUN
ajfa-835	236	23	deleted	delete	VERB
ajfa-835	236	24	from	from	ADP
ajfa-835	236	25	nifty	nifty	ADJ
ajfa-835	236	26	index	index	NOUN
ajfa-835	236	27	,	,	PUNCT
ajfa-835	236	28	bivariate	bivariate	ADJ
ajfa-835	236	29	regression	regression	NOUN
ajfa-835	236	30	was	be	AUX
ajfa-835	236	31	run	run	VERB
ajfa-835	236	32	using	use	VERB
ajfa-835	236	33	nifty	nifty	ADJ
ajfa-835	236	34	junior	junior	ADJ
ajfa-835	236	35	index	index	NOUN
ajfa-835	236	36	.	.	PUNCT
ajfa-835	237	1	the	the	DET
ajfa-835	237	2	average	average	ADJ
ajfa-835	237	3	change	change	NOUN
ajfa-835	237	4	in	in	ADP
ajfa-835	237	5	βnifty	βnifty	ADJ
ajfa-835	237	6	and	and	CCONJ
ajfa-835	237	7	average	average	ADJ
ajfa-835	237	8	change	change	NOUN
ajfa-835	237	9	in	in	ADP
ajfa-835	237	10	βniftyjunior	βniftyjunior	NOUN
ajfa-835	237	11	for	for	ADP
ajfa-835	237	12	the	the	DET
ajfa-835	237	13	complete	complete	ADJ
ajfa-835	237	14	period	period	NOUN
ajfa-835	237	15	is	be	AUX
ajfa-835	237	16	not	not	PART
ajfa-835	237	17	statistically	statistically	ADV
ajfa-835	237	18	significant	significant	ADJ
ajfa-835	237	19	.	.	PUNCT
ajfa-835	238	1	asian	asian	ADJ
ajfa-835	238	2	journal	journal	PROPN
ajfa-835	238	3	of	of	ADP
ajfa-835	238	4	finance	finance	PROPN
ajfa-835	238	5	&	&	CCONJ
ajfa-835	238	6	accounting	accounting	PROPN
ajfa-835	238	7	issn	issn	PROPN
ajfa-835	238	8	1946	1946	NUM
ajfa-835	238	9	-	-	PUNCT
ajfa-835	238	10	052x	052x	NOUN
ajfa-835	238	11	2011	2011	NUM
ajfa-835	238	12	,	,	PUNCT
ajfa-835	238	13	vol	vol	NOUN
ajfa-835	238	14	.	.	PROPN
ajfa-835	239	1	3	3	NUM
ajfa-835	239	2	,	,	PUNCT
ajfa-835	239	3	no	no	INTJ
ajfa-835	239	4	.	.	NOUN
ajfa-835	239	5	1	1	NUM
ajfa-835	239	6	:	:	PUNCT
ajfa-835	239	7	e12	e12	NOUN
ajfa-835	239	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-835	239	9	197	197	NUM
ajfa-835	239	10	the	the	DET
ajfa-835	239	11	magnitude	magnitude	NOUN
ajfa-835	239	12	of	of	ADP
ajfa-835	239	13	increase	increase	NOUN
ajfa-835	239	14	in	in	ADP
ajfa-835	239	15	nifty	nifty	ADJ
ajfa-835	239	16	beta	beta	NOUN
ajfa-835	239	17	in	in	ADP
ajfa-835	239	18	the	the	DET
ajfa-835	239	19	complete	complete	ADJ
ajfa-835	239	20	period	period	NOUN
ajfa-835	239	21	and	and	CCONJ
ajfa-835	239	22	even	even	ADV
ajfa-835	239	23	lower	low	ADJ
ajfa-835	239	24	in	in	ADP
ajfa-835	239	25	the	the	DET
ajfa-835	239	26	later	later	ADJ
ajfa-835	239	27	period	period	NOUN
ajfa-835	239	28	for	for	ADP
ajfa-835	239	29	nifty	nifty	ADJ
ajfa-835	239	30	additions	addition	NOUN
ajfa-835	239	31	.	.	PUNCT
ajfa-835	240	1	it	it	PRON
ajfa-835	240	2	is	be	AUX
ajfa-835	240	3	seen	see	VERB
ajfa-835	240	4	from	from	ADP
ajfa-835	240	5	table	table	NOUN
ajfa-835	240	6	3	3	NUM
ajfa-835	240	7	that	that	SCONJ
ajfa-835	240	8	the	the	DET
ajfa-835	240	9	βnifty	βnifty	ADJ
ajfa-835	240	10	increase	increase	NOUN
ajfa-835	240	11	for	for	ADP
ajfa-835	240	12	the	the	DET
ajfa-835	240	13	later	later	ADJ
ajfa-835	240	14	period	period	NOUN
ajfa-835	240	15	was	be	AUX
ajfa-835	240	16	0.518	0.518	NUM
ajfa-835	240	17	but	but	CCONJ
ajfa-835	240	18	the	the	DET
ajfa-835	240	19	decrease	decrease	NOUN
ajfa-835	240	20	in	in	ADP
ajfa-835	240	21	the	the	DET
ajfa-835	240	22	βniftyjunior	βniftyjunior	NOUN
ajfa-835	240	23	was	be	AUX
ajfa-835	240	24	only	only	ADV
ajfa-835	240	25	-0.378	-0.378	PUNCT
ajfa-835	240	26	.	.	PUNCT
ajfa-835	241	1	table	table	NOUN
ajfa-835	241	2	3	3	NUM
ajfa-835	241	3	.	.	PUNCT
ajfa-835	241	4	results	result	NOUN
ajfa-835	241	5	of	of	ADP
ajfa-835	241	6	bivariate	bivariate	ADJ
ajfa-835	241	7	regression	regression	NOUN
ajfa-835	241	8	panel	panel	NOUN
ajfa-835	241	9	achanges	achange	NOUN
ajfa-835	241	10	in	in	ADP
ajfa-835	241	11	co	co	NOUN
ajfa-835	241	12	-	-	NOUN
ajfa-835	241	13	movement	movement	NOUN
ajfa-835	241	14	measured	measure	VERB
ajfa-835	241	15	by	by	ADP
ajfa-835	241	16	daily	daily	ADJ
ajfa-835	241	17	beta	beta	NOUN
ajfa-835	241	18	before	before	ADV
ajfa-835	241	19	and	and	CCONJ
ajfa-835	241	20	after	after	ADP
ajfa-835	241	21	addition	addition	NOUN
ajfa-835	241	22	of	of	ADP
ajfa-835	241	23	stocks	stock	NOUN
ajfa-835	241	24	to	to	ADP
ajfa-835	241	25	nifty	nifty	ADJ
ajfa-835	241	26	index	index	NOUN
ajfa-835	241	27	and	and	CCONJ
ajfa-835	241	28	before	before	ADP
ajfa-835	241	29	and	and	CCONJ
ajfa-835	241	30	after	after	ADP
ajfa-835	241	31	exclusion	exclusion	NOUN
ajfa-835	241	32	from	from	ADP
ajfa-835	241	33	the	the	DET
ajfa-835	241	34	niftyjunior	niftyjunior	ADJ
ajfa-835	241	35	index	index	NOUN
ajfa-835	241	36	period	period	NOUN
ajfa-835	241	37	no	no	INTJ
ajfa-835	241	38	.	.	PUNCT
ajfa-835	241	39	of	of	ADP
ajfa-835	241	40	additions	addition	NOUN
ajfa-835	241	41	average	average	ADJ
ajfa-835	241	42	nifty	nifty	ADJ
ajfa-835	241	43	beta	beta	NOUN
ajfa-835	241	44	before	before	ADP
ajfa-835	241	45	inclusion	inclusion	NOUN
ajfa-835	241	46	average	average	ADJ
ajfa-835	241	47	nifty	nifty	ADJ
ajfa-835	241	48	beta	beta	NOUN
ajfa-835	241	49	after	after	ADP
ajfa-835	241	50	inclusion	inclusion	NOUN
ajfa-835	241	51	increase	increase	NOUN
ajfa-835	241	52	in	in	ADP
ajfa-835	241	53	beta	beta	ADJ
ajfa-835	241	54	%	%	NOUN
ajfa-835	241	55	of	of	ADP
ajfa-835	241	56	stocks	stock	NOUN
ajfa-835	241	57	with	with	ADP
ajfa-835	241	58	beta	beta	ADJ
ajfa-835	241	59	increase	increase	NOUN
ajfa-835	241	60	1999	1999	NUM
ajfa-835	241	61	-	-	SYM
ajfa-835	241	62	2010	2010	NUM
ajfa-835	241	63	41	41	NUM
ajfa-835	241	64	0.284	0.284	NUM
ajfa-835	241	65	0.832	0.832	NUM
ajfa-835	241	66	βc	βc	NUM
ajfa-835	241	67	0.532	0.532	NUM
ajfa-835	241	68	81	81	NUM
ajfa-835	241	69	%	%	NOUN
ajfa-835	241	70	t	t	NOUN
ajfa-835	241	71	-	-	PUNCT
ajfa-835	241	72	stat	stat	NOUN
ajfa-835	241	73	5.183	5.183	NUM
ajfa-835	241	74	*	*	PUNCT
ajfa-835	241	75	*	*	PUNCT
ajfa-835	241	76	*	*	PUNCT
ajfa-835	241	77	1999	1999	NUM
ajfa-835	241	78	-	-	SYM
ajfa-835	241	79	2006	2006	NUM
ajfa-835	241	80	26	26	NUM
ajfa-835	241	81	0.269	0.269	NUM
ajfa-835	241	82	0.833	0.833	NUM
ajfa-835	241	83	βc	βc	NUM
ajfa-835	241	84	0.539	0.539	NUM
ajfa-835	241	85	77	77	NUM
ajfa-835	241	86	%	%	NOUN
ajfa-835	241	87	t	t	NOUN
ajfa-835	241	88	-	-	PUNCT
ajfa-835	241	89	stat	stat	NOUN
ajfa-835	241	90	3.787	3.787	NUM
ajfa-835	241	91	*	*	NOUN
ajfa-835	241	92	*	*	PUNCT
ajfa-835	241	93	*	*	PUNCT
ajfa-835	241	94	2007	2007	NUM
ajfa-835	241	95	-	-	SYM
ajfa-835	241	96	2010	2010	NUM
ajfa-835	241	97	15	15	NUM
ajfa-835	241	98	0.310	0.310	NUM
ajfa-835	241	99	0.819	0.819	NUM
ajfa-835	241	100	βc	βc	ADP
ajfa-835	241	101	0.518	0.518	NUM
ajfa-835	241	102	87	87	NUM
ajfa-835	241	103	%	%	NOUN
ajfa-835	241	104	t	t	NOUN
ajfa-835	241	105	-	-	PUNCT
ajfa-835	241	106	stat	stat	NOUN
ajfa-835	241	107	3.660	3.660	NUM
ajfa-835	241	108	*	*	NOUN
ajfa-835	241	109	*	*	PUNCT
ajfa-835	241	110	*	*	VERB
ajfa-835	241	111	panel	panel	NOUN
ajfa-835	241	112	achanges	achange	NOUN
ajfa-835	241	113	in	in	ADP
ajfa-835	241	114	co	co	NOUN
ajfa-835	241	115	-	-	NOUN
ajfa-835	241	116	movement	movement	NOUN
ajfa-835	241	117	measured	measure	VERB
ajfa-835	241	118	by	by	ADP
ajfa-835	241	119	daily	daily	ADJ
ajfa-835	241	120	beta	beta	NOUN
ajfa-835	241	121	before	before	ADV
ajfa-835	241	122	and	and	CCONJ
ajfa-835	241	123	after	after	ADP
ajfa-835	241	124	exclusion	exclusion	NOUN
ajfa-835	241	125	from	from	ADP
ajfa-835	241	126	the	the	DET
ajfa-835	241	127	niftyjunior	niftyjunior	ADJ
ajfa-835	241	128	index(ie	index(ie	PROPN
ajfa-835	241	129	addition	addition	NOUN
ajfa-835	241	130	to	to	ADP
ajfa-835	241	131	nifty	nifty	ADJ
ajfa-835	241	132	index	index	NOUN
ajfa-835	241	133	)	)	PUNCT
ajfa-835	241	134	period	period	NOUN
ajfa-835	241	135	no	no	INTJ
ajfa-835	241	136	.	.	PUNCT
ajfa-835	242	1	of	of	ADP
ajfa-835	242	2	additions	addition	NOUN
ajfa-835	242	3	average	average	ADJ
ajfa-835	242	4	niftyjr	niftyjr	ADJ
ajfa-835	242	5	beta	beta	NOUN
ajfa-835	242	6	before	before	ADP
ajfa-835	242	7	deletion	deletion	NOUN
ajfa-835	242	8	average	average	ADJ
ajfa-835	242	9	niftyjr	niftyjr	ADJ
ajfa-835	242	10	beta	beta	NOUN
ajfa-835	242	11	after	after	ADP
ajfa-835	242	12	deletion	deletion	NOUN
ajfa-835	242	13	decrease	decrease	NOUN
ajfa-835	242	14	in	in	ADP
ajfa-835	242	15	beta	beta	ADJ
ajfa-835	242	16	%	%	NOUN
ajfa-835	242	17	of	of	ADP
ajfa-835	242	18	stocks	stock	NOUN
ajfa-835	242	19	with	with	ADP
ajfa-835	242	20	beta	beta	ADJ
ajfa-835	242	21	decrease	decrease	NOUN
ajfa-835	242	22	1999	1999	NUM
ajfa-835	242	23	-	-	SYM
ajfa-835	242	24	2010	2010	NUM
ajfa-835	242	25	41	41	NUM
ajfa-835	242	26	0.832	0.832	NUM
ajfa-835	242	27	0.390	0.390	NUM
ajfa-835	242	28	βc	βc	NUM
ajfa-835	242	29	-0.442	-0.442	NUM
ajfa-835	243	1	75	75	NUM
ajfa-835	243	2	%	%	NOUN
ajfa-835	243	3	t	t	NOUN
ajfa-835	243	4	-	-	PUNCT
ajfa-835	243	5	stat	stat	NOUN
ajfa-835	243	6	-4.708	-4.708	NOUN
ajfa-835	243	7	*	*	NOUN
ajfa-835	243	8	*	*	PUNCT
ajfa-835	243	9	*	*	PUNCT
ajfa-835	243	10	1999	1999	NUM
ajfa-835	243	11	-	-	SYM
ajfa-835	243	12	2006	2006	NUM
ajfa-835	243	13	26	26	NUM
ajfa-835	243	14	0.833	0.833	NUM
ajfa-835	243	15	0.355	0.355	NUM
ajfa-835	243	16	βc	βc	INTJ
ajfa-835	243	17	-0.479	-0.479	X
ajfa-835	243	18	73	73	NUM
ajfa-835	243	19	%	%	NOUN
ajfa-835	243	20	t	t	NOUN
ajfa-835	243	21	-	-	PUNCT
ajfa-835	243	22	stat	stat	NOUN
ajfa-835	243	23	-4.055	-4.055	NOUN
ajfa-835	243	24	*	*	PUNCT
ajfa-835	243	25	*	*	PUNCT
ajfa-835	243	26	*	*	NOUN
ajfa-835	243	27	2007	2007	NUM
ajfa-835	243	28	-	-	SYM
ajfa-835	243	29	2010	2010	NUM
ajfa-835	243	30	15	15	NUM
ajfa-835	244	1	0.829	0.829	NUM
ajfa-835	244	2	0.451	0.451	NUM
ajfa-835	244	3	βc	βc	INTJ
ajfa-835	244	4	-0.378	-0.378	NUM
ajfa-835	244	5	80	80	NUM
ajfa-835	244	6	%	%	NOUN
ajfa-835	244	7	t	t	NOUN
ajfa-835	244	8	-	-	PUNCT
ajfa-835	244	9	stat	stat	NOUN
ajfa-835	244	10	-2.395	-2.395	PUNCT
ajfa-835	244	11	*	*	PUNCT
ajfa-835	244	12	*	*	PUNCT
ajfa-835	244	13	the	the	DET
ajfa-835	244	14	sample	sample	NOUN
ajfa-835	244	15	of	of	ADP
ajfa-835	244	16	addition	addition	NOUN
ajfa-835	244	17	to	to	ADP
ajfa-835	244	18	nifty	nifty	ADJ
ajfa-835	244	19	index	index	NOUN
ajfa-835	244	20	for	for	ADP
ajfa-835	244	21	the	the	DET
ajfa-835	244	22	period	period	NOUN
ajfa-835	244	23	1999	1999	NUM
ajfa-835	244	24	-	-	SYM
ajfa-835	244	25	2010	2010	NUM
ajfa-835	244	26	consists	consist	VERB
ajfa-835	244	27	of	of	ADP
ajfa-835	244	28	41	41	NUM
ajfa-835	244	29	added	add	VERB
ajfa-835	244	30	stocks	stock	NOUN
ajfa-835	244	31	which	which	PRON
ajfa-835	244	32	are	be	AUX
ajfa-835	244	33	not	not	PART
ajfa-835	244	34	involved	involve	VERB
ajfa-835	244	35	in	in	ADP
ajfa-835	244	36	mergers	merger	NOUN
ajfa-835	244	37	/	/	SYM
ajfa-835	244	38	demerger	demerger	NOUN
ajfa-835	244	39	and	and	CCONJ
ajfa-835	244	40	related	related	ADJ
ajfa-835	244	41	events	event	NOUN
ajfa-835	244	42	and	and	CCONJ
ajfa-835	244	43	have	have	VERB
ajfa-835	244	44	sufficient	sufficient	ADJ
ajfa-835	244	45	daily	daily	ADJ
ajfa-835	244	46	data	datum	NOUN
ajfa-835	244	47	.	.	PUNCT
ajfa-835	245	1	in	in	ADP
ajfa-835	245	2	this	this	DET
ajfa-835	245	3	bivariate	bivariate	ADJ
ajfa-835	245	4	regression	regression	NOUN
ajfa-835	245	5	,	,	PUNCT
ajfa-835	245	6	for	for	ADP
ajfa-835	245	7	each	each	DET
ajfa-835	245	8	added	add	VERB
ajfa-835	245	9	stock	stock	NOUN
ajfa-835	245	10	the	the	DET
ajfa-835	245	11	betas	beta	NOUN
ajfa-835	245	12	are	be	AUX
ajfa-835	245	13	estimated	estimate	VERB
ajfa-835	245	14	for	for	ADP
ajfa-835	245	15	both	both	CCONJ
ajfa-835	245	16	the	the	DET
ajfa-835	245	17	pre	pre	NOUN
ajfa-835	245	18	-	-	NOUN
ajfa-835	245	19	change	change	NOUN
ajfa-835	245	20	and	and	CCONJ
ajfa-835	245	21	post	post	ADJ
ajfa-835	245	22	-	-	ADJ
ajfa-835	245	23	change	change	ADJ
ajfa-835	245	24	period	period	NOUN
ajfa-835	245	25	for	for	ADP
ajfa-835	245	26	both	both	CCONJ
ajfa-835	245	27	the	the	DET
ajfa-835	245	28	nifty	nifty	ADJ
ajfa-835	245	29	index	index	NOUN
ajfa-835	245	30	and	and	CCONJ
ajfa-835	245	31	the	the	DET
ajfa-835	245	32	niftyjunior	niftyjunior	ADJ
ajfa-835	245	33	index	index	NOUN
ajfa-835	245	34	as	as	ADP
ajfa-835	245	35	top	top	ADJ
ajfa-835	245	36	stocks	stock	NOUN
ajfa-835	245	37	from	from	ADP
ajfa-835	245	38	the	the	DET
ajfa-835	245	39	niftyjunior	niftyjunior	ADJ
ajfa-835	245	40	index	index	NOUN
ajfa-835	245	41	are	be	AUX
ajfa-835	245	42	added	add	VERB
ajfa-835	245	43	to	to	ADP
ajfa-835	245	44	the	the	DET
ajfa-835	245	45	benchmark	benchmark	ADJ
ajfa-835	245	46	nifty	nifty	ADJ
ajfa-835	245	47	index	index	NOUN
ajfa-835	245	48	based	base	VERB
ajfa-835	245	49	on	on	ADP
ajfa-835	245	50	predetermined	predetermine	VERB
ajfa-835	245	51	criteria	criterion	NOUN
ajfa-835	245	52	.	.	PUNCT
ajfa-835	246	1	pre	pre	ADJ
ajfa-835	246	2	-	-	ADJ
ajfa-835	246	3	change	change	ADJ
ajfa-835	246	4	betas	beta	NOUN
ajfa-835	246	5	and	and	CCONJ
ajfa-835	246	6	post	post	ADJ
ajfa-835	246	7	-	-	ADJ
ajfa-835	246	8	change	change	ADJ
ajfa-835	246	9	betas	beta	NOUN
ajfa-835	246	10	are	be	AUX
ajfa-835	246	11	calculated	calculate	VERB
ajfa-835	246	12	using	use	VERB
ajfa-835	246	13	daily	daily	ADJ
ajfa-835	246	14	data	datum	NOUN
ajfa-835	246	15	for	for	ADP
ajfa-835	246	16	the	the	DET
ajfa-835	246	17	period	period	NOUN
ajfa-835	246	18	ad-130	ad-130	NOUN
ajfa-835	246	19	to	to	ADP
ajfa-835	246	20	ad-10	ad-10	PRON
ajfa-835	246	21	and	and	CCONJ
ajfa-835	246	22	period	period	NOUN
ajfa-835	246	23	ed+10	ed+10	PROPN
ajfa-835	246	24	to	to	ADP
ajfa-835	246	25	ed+130	ed+130	PROPN
ajfa-835	246	26	respectively(120	respectively(120	ADJ
ajfa-835	246	27	trading	trading	NOUN
ajfa-835	246	28	days	day	NOUN
ajfa-835	246	29	)	)	PUNCT
ajfa-835	246	30	using	use	VERB
ajfa-835	246	31	daily	daily	ADJ
ajfa-835	246	32	log	log	NOUN
ajfa-835	246	33	returns	return	NOUN
ajfa-835	246	34	in	in	ADP
ajfa-835	246	35	bivariate	bivariate	ADJ
ajfa-835	246	36	market	market	NOUN
ajfa-835	246	37	model	model	NOUN
ajfa-835	246	38	.	.	PUNCT
ajfa-835	247	1	the	the	DET
ajfa-835	247	2	statistical	statistical	ADJ
ajfa-835	247	3	significance	significance	NOUN
ajfa-835	247	4	is	be	AUX
ajfa-835	247	5	tested	test	VERB
ajfa-835	247	6	cross	cross	VERB
ajfa-835	247	7	sectionally	sectionally	ADV
ajfa-835	247	8	using	use	VERB
ajfa-835	247	9	one	one	NUM
ajfa-835	247	10	-	-	PUNCT
ajfa-835	247	11	tailed	tail	VERB
ajfa-835	247	12	t	t	NOUN
ajfa-835	247	13	-	-	PUNCT
ajfa-835	247	14	test	test	NOUN
ajfa-835	247	15	.	.	PUNCT
ajfa-835	248	1	*	*	PUNCT
ajfa-835	248	2	*	*	PUNCT
ajfa-835	248	3	*	*	PUNCT
ajfa-835	248	4	,	,	PUNCT
ajfa-835	248	5	*	*	PUNCT
ajfa-835	248	6	*	*	PUNCT
ajfa-835	248	7	,	,	PUNCT
ajfa-835	248	8	*	*	PUNCT
ajfa-835	248	9	denotes	denote	NOUN
ajfa-835	248	10	statistical	statistical	ADJ
ajfa-835	248	11	significance	significance	NOUN
ajfa-835	248	12	at	at	ADP
ajfa-835	248	13	1	1	NUM
ajfa-835	248	14	%	%	NOUN
ajfa-835	248	15	,	,	PUNCT
ajfa-835	248	16	5	5	NUM
ajfa-835	248	17	%	%	NOUN
ajfa-835	248	18	and	and	CCONJ
ajfa-835	248	19	10	10	NUM
ajfa-835	248	20	%	%	NOUN
ajfa-835	248	21	level	level	NOUN
ajfa-835	248	22	respectively	respectively	ADV
ajfa-835	248	23	.	.	PUNCT
ajfa-835	249	1	asian	asian	ADJ
ajfa-835	249	2	journal	journal	PROPN
ajfa-835	249	3	of	of	ADP
ajfa-835	249	4	finance	finance	PROPN
ajfa-835	249	5	&	&	CCONJ
ajfa-835	249	6	accounting	accounting	PROPN
ajfa-835	249	7	issn	issn	PROPN
ajfa-835	249	8	1946	1946	NUM
ajfa-835	249	9	-	-	PUNCT
ajfa-835	249	10	052x	052x	NOUN
ajfa-835	249	11	2011	2011	NUM
ajfa-835	249	12	,	,	PUNCT
ajfa-835	249	13	vol	vol	NOUN
ajfa-835	249	14	.	.	PROPN
ajfa-835	250	1	3	3	NUM
ajfa-835	250	2	,	,	PUNCT
ajfa-835	250	3	no	no	INTJ
ajfa-835	250	4	.	.	NOUN
ajfa-835	250	5	1	1	NUM
ajfa-835	250	6	:	:	PUNCT
ajfa-835	250	7	e12	e12	NOUN
ajfa-835	250	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	250	9	198	198	NUM
ajfa-835	250	10	4.3	4.3	NUM
ajfa-835	250	11	the	the	DET
ajfa-835	250	12	non	non	ADJ
ajfa-835	250	13	-	-	ADJ
ajfa-835	250	14	synchronous	synchronous	ADJ
ajfa-835	250	15	trading	trading	NOUN
ajfa-835	250	16	hypothesis	hypothesis	NOUN
ajfa-835	250	17	according	accord	VERB
ajfa-835	250	18	to	to	ADP
ajfa-835	250	19	scholes	scholes	PROPN
ajfa-835	250	20	and	and	CCONJ
ajfa-835	250	21	williams	williams	PROPN
ajfa-835	250	22	(	(	PUNCT
ajfa-835	250	23	1977	1977	NUM
ajfa-835	250	24	)	)	PUNCT
ajfa-835	250	25	,	,	PUNCT
ajfa-835	250	26	index	index	NOUN
ajfa-835	250	27	trading	trading	NOUN
ajfa-835	250	28	strategies	strategy	NOUN
ajfa-835	250	29	around	around	ADP
ajfa-835	250	30	nifty	nifty	ADJ
ajfa-835	250	31	index	index	NOUN
ajfa-835	250	32	additions	addition	NOUN
ajfa-835	250	33	increases	increase	VERB
ajfa-835	250	34	the	the	DET
ajfa-835	250	35	trading	trading	NOUN
ajfa-835	250	36	frequency	frequency	NOUN
ajfa-835	250	37	of	of	ADP
ajfa-835	250	38	the	the	DET
ajfa-835	250	39	included	include	VERB
ajfa-835	250	40	stocks	stock	NOUN
ajfa-835	250	41	which	which	PRON
ajfa-835	250	42	enables	enable	VERB
ajfa-835	250	43	those	those	DET
ajfa-835	250	44	stocks	stock	NOUN
ajfa-835	250	45	to	to	PART
ajfa-835	250	46	incorporate	incorporate	VERB
ajfa-835	250	47	market	market	NOUN
ajfa-835	250	48	wide	wide	ADJ
ajfa-835	250	49	information	information	NOUN
ajfa-835	250	50	immediately	immediately	ADV
ajfa-835	250	51	compared	compare	VERB
ajfa-835	250	52	to	to	ADP
ajfa-835	250	53	non	non	ADJ
ajfa-835	250	54	-	-	ADJ
ajfa-835	250	55	nifty	nifty	ADJ
ajfa-835	250	56	stocks	stock	NOUN
ajfa-835	250	57	which	which	PRON
ajfa-835	250	58	impound	impound	VERB
ajfa-835	250	59	information	information	NOUN
ajfa-835	250	60	with	with	ADP
ajfa-835	250	61	a	a	DET
ajfa-835	250	62	lag	lag	NOUN
ajfa-835	250	63	.	.	PUNCT
ajfa-835	251	1	the	the	DET
ajfa-835	251	2	study	study	NOUN
ajfa-835	251	3	shows	show	VERB
ajfa-835	251	4	that	that	SCONJ
ajfa-835	251	5	non	non	ADJ
ajfa-835	251	6	-	-	ADJ
ajfa-835	251	7	synchronous	synchronous	ADJ
ajfa-835	251	8	trading	trading	NOUN
ajfa-835	251	9	also	also	ADV
ajfa-835	251	10	biases	bias	VERB
ajfa-835	251	11	the	the	DET
ajfa-835	251	12	estimated	estimate	VERB
ajfa-835	251	13	stock	stock	NOUN
ajfa-835	251	14	betas	beta	NOUN
ajfa-835	251	15	.	.	PUNCT
ajfa-835	252	1	according	accord	VERB
ajfa-835	252	2	to	to	ADP
ajfa-835	252	3	their	their	PRON
ajfa-835	252	4	model	model	NOUN
ajfa-835	252	5	,	,	PUNCT
ajfa-835	252	6	betas	beta	NOUN
ajfa-835	252	7	of	of	ADP
ajfa-835	252	8	added	add	VERB
ajfa-835	252	9	stocks	stock	NOUN
ajfa-835	252	10	will	will	AUX
ajfa-835	252	11	increase	increase	VERB
ajfa-835	252	12	as	as	SCONJ
ajfa-835	252	13	their	their	PRON
ajfa-835	252	14	trading	trading	NOUN
ajfa-835	252	15	volume	volume	NOUN
ajfa-835	252	16	moves	move	VERB
ajfa-835	252	17	closer	close	ADV
ajfa-835	252	18	to	to	ADP
ajfa-835	252	19	market	market	NOUN
ajfa-835	252	20	average	average	ADJ
ajfa-835	252	21	and	and	CCONJ
ajfa-835	252	22	not	not	PART
ajfa-835	252	23	in	in	ADP
ajfa-835	252	24	other	other	ADJ
ajfa-835	252	25	cases	case	NOUN
ajfa-835	252	26	.	.	PUNCT
ajfa-835	253	1	the	the	DET
ajfa-835	253	2	non	non	ADJ
ajfa-835	253	3	synchronous	synchronous	ADJ
ajfa-835	253	4	trading	trading	NOUN
ajfa-835	253	5	hypothesis	hypothesis	NOUN
ajfa-835	253	6	therefore	therefore	ADV
ajfa-835	253	7	implies	imply	VERB
ajfa-835	253	8	that	that	SCONJ
ajfa-835	253	9	beta	beta	NOUN
ajfa-835	253	10	of	of	ADP
ajfa-835	253	11	added	add	VERB
ajfa-835	253	12	stocks	stock	NOUN
ajfa-835	253	13	will	will	AUX
ajfa-835	253	14	increase	increase	VERB
ajfa-835	253	15	only	only	ADV
ajfa-835	253	16	if	if	SCONJ
ajfa-835	253	17	the	the	DET
ajfa-835	253	18	post	post	NOUN
ajfa-835	253	19	addition	addition	NOUN
ajfa-835	253	20	trading	trading	NOUN
ajfa-835	253	21	volume	volume	NOUN
ajfa-835	253	22	is	be	AUX
ajfa-835	253	23	greater	great	ADJ
ajfa-835	253	24	than	than	SCONJ
ajfa-835	253	25	pre	pre	VERB
ajfa-835	253	26	addition	addition	NOUN
ajfa-835	253	27	volume	volume	NOUN
ajfa-835	253	28	.	.	PUNCT
ajfa-835	254	1	heavy	heavy	ADJ
ajfa-835	254	2	trading	trading	NOUN
ajfa-835	254	3	helps	help	VERB
ajfa-835	254	4	in	in	ADP
ajfa-835	254	5	the	the	DET
ajfa-835	254	6	incorporation	incorporation	NOUN
ajfa-835	254	7	of	of	ADP
ajfa-835	254	8	market	market	NOUN
ajfa-835	254	9	wide	wide	ADJ
ajfa-835	254	10	information	information	NOUN
ajfa-835	254	11	efficiently	efficiently	ADV
ajfa-835	254	12	in	in	ADP
ajfa-835	254	13	the	the	DET
ajfa-835	254	14	nifty	nifty	ADJ
ajfa-835	254	15	index	index	NOUN
ajfa-835	254	16	stocks	stock	NOUN
ajfa-835	254	17	compared	compare	VERB
ajfa-835	254	18	to	to	ADP
ajfa-835	254	19	non	non	ADJ
ajfa-835	254	20	-	-	ADJ
ajfa-835	254	21	nifty	nifty	ADJ
ajfa-835	254	22	stocks	stock	NOUN
ajfa-835	254	23	.	.	PUNCT
ajfa-835	255	1	this	this	PRON
ajfa-835	255	2	is	be	AUX
ajfa-835	255	3	similar	similar	ADJ
ajfa-835	255	4	to	to	ADP
ajfa-835	255	5	the	the	DET
ajfa-835	255	6	barberis	barberis	PROPN
ajfa-835	255	7	et	et	PROPN
ajfa-835	255	8	al	al	PROPN
ajfa-835	255	9	(	(	PUNCT
ajfa-835	255	10	2004	2004	NUM
ajfa-835	255	11	)	)	PUNCT
ajfa-835	255	12	information	information	NOUN
ajfa-835	255	13	diffusion	diffusion	NOUN
ajfa-835	255	14	view15	view15	NOUN
ajfa-835	255	15	.	.	PUNCT
ajfa-835	256	1	the	the	DET
ajfa-835	256	2	implication	implication	NOUN
ajfa-835	256	3	is	be	AUX
ajfa-835	256	4	that	that	SCONJ
ajfa-835	256	5	the	the	DET
ajfa-835	256	6	added	add	VERB
ajfa-835	256	7	stocks	stock	NOUN
ajfa-835	256	8	which	which	PRON
ajfa-835	256	9	are	be	AUX
ajfa-835	256	10	less	less	ADV
ajfa-835	256	11	frequently	frequently	ADV
ajfa-835	256	12	traded	trade	VERB
ajfa-835	256	13	pre	pre	NOUN
ajfa-835	256	14	addition	addition	NOUN
ajfa-835	256	15	should	should	AUX
ajfa-835	256	16	witness	witness	VERB
ajfa-835	256	17	beta	beta	ADJ
ajfa-835	256	18	increase	increase	NOUN
ajfa-835	256	19	due	due	ADP
ajfa-835	256	20	to	to	ADP
ajfa-835	256	21	the	the	DET
ajfa-835	256	22	increased	increase	VERB
ajfa-835	256	23	trading	trading	NOUN
ajfa-835	256	24	activity	activity	NOUN
ajfa-835	256	25	of	of	ADP
ajfa-835	256	26	institutional	institutional	ADJ
ajfa-835	256	27	investors	investor	NOUN
ajfa-835	256	28	in	in	ADP
ajfa-835	256	29	the	the	DET
ajfa-835	256	30	added	add	VERB
ajfa-835	256	31	stocks	stock	NOUN
ajfa-835	256	32	.	.	PUNCT
ajfa-835	257	1	price	price	NOUN
ajfa-835	257	2	pressure	pressure	NOUN
ajfa-835	257	3	hypothesis	hypothesis	NOUN
ajfa-835	257	4	predicts	predict	VERB
ajfa-835	257	5	betas	beta	NOUN
ajfa-835	257	6	of	of	ADP
ajfa-835	257	7	added	add	VERB
ajfa-835	257	8	stocks	stock	NOUN
ajfa-835	257	9	will	will	AUX
ajfa-835	257	10	increase	increase	VERB
ajfa-835	257	11	in	in	ADP
ajfa-835	257	12	all	all	DET
ajfa-835	257	13	the	the	DET
ajfa-835	257	14	cases	case	NOUN
ajfa-835	257	15	.	.	PUNCT
ajfa-835	258	1	the	the	DET
ajfa-835	258	2	methodology	methodology	NOUN
ajfa-835	258	3	developed	develop	VERB
ajfa-835	258	4	by	by	ADP
ajfa-835	258	5	vijh(1994	vijh(1994	NOUN
ajfa-835	258	6	)	)	PUNCT
ajfa-835	258	7	and	and	CCONJ
ajfa-835	258	8	later	later	ADV
ajfa-835	258	9	modified	modify	VERB
ajfa-835	258	10	by	by	ADP
ajfa-835	258	11	coakley	coakley	NOUN
ajfa-835	258	12	and	and	CCONJ
ajfa-835	258	13	kougalis	kougalis	PROPN
ajfa-835	258	14	(	(	PUNCT
ajfa-835	258	15	2004	2004	NUM
ajfa-835	258	16	)	)	PUNCT
ajfa-835	258	17	is	be	AUX
ajfa-835	258	18	used	use	VERB
ajfa-835	258	19	in	in	ADP
ajfa-835	258	20	this	this	DET
ajfa-835	258	21	study	study	NOUN
ajfa-835	258	22	.	.	PUNCT
ajfa-835	259	1	the	the	DET
ajfa-835	259	2	sample	sample	NOUN
ajfa-835	259	3	of	of	ADP
ajfa-835	259	4	41	41	NUM
ajfa-835	259	5	added	add	VERB
ajfa-835	259	6	stocks	stock	NOUN
ajfa-835	259	7	are	be	AUX
ajfa-835	259	8	grouped	group	VERB
ajfa-835	259	9	into	into	ADP
ajfa-835	259	10	two	two	NUM
ajfa-835	259	11	groups	group	NOUN
ajfa-835	259	12	based	base	VERB
ajfa-835	259	13	on	on	ADP
ajfa-835	259	14	their	their	PRON
ajfa-835	259	15	trading	trading	NOUN
ajfa-835	259	16	volume	volume	NOUN
ajfa-835	259	17	.	.	PUNCT
ajfa-835	260	1	the	the	DET
ajfa-835	260	2	first	first	ADJ
ajfa-835	260	3	group	group	NOUN
ajfa-835	260	4	consists	consist	VERB
ajfa-835	260	5	of	of	ADP
ajfa-835	260	6	added	add	VERB
ajfa-835	260	7	stocks	stock	NOUN
ajfa-835	260	8	whose	whose	DET
ajfa-835	260	9	post	post	ADJ
ajfa-835	260	10	-	-	ADJ
ajfa-835	260	11	addition	addition	ADJ
ajfa-835	260	12	volume	volume	NOUN
ajfa-835	260	13	decreased	decrease	VERB
ajfa-835	260	14	and	and	CCONJ
ajfa-835	260	15	the	the	DET
ajfa-835	260	16	second	second	ADJ
ajfa-835	260	17	group	group	NOUN
ajfa-835	260	18	consists	consist	VERB
ajfa-835	260	19	of	of	ADP
ajfa-835	260	20	added	add	VERB
ajfa-835	260	21	stocks	stock	NOUN
ajfa-835	260	22	whose	whose	DET
ajfa-835	260	23	post	post	ADJ
ajfa-835	260	24	-	-	ADJ
ajfa-835	260	25	addition	addition	ADJ
ajfa-835	260	26	volume	volume	NOUN
ajfa-835	260	27	increased	increase	VERB
ajfa-835	260	28	.	.	PUNCT
ajfa-835	261	1	all	all	DET
ajfa-835	261	2	the	the	DET
ajfa-835	261	3	added	add	VERB
ajfa-835	261	4	stocks	stock	NOUN
ajfa-835	261	5	are	be	AUX
ajfa-835	261	6	grouped	group	VERB
ajfa-835	261	7	in	in	ADP
ajfa-835	261	8	either	either	DET
ajfa-835	261	9	one	one	NUM
ajfa-835	261	10	of	of	ADP
ajfa-835	261	11	the	the	DET
ajfa-835	261	12	groups	group	NOUN
ajfa-835	261	13	based	base	VERB
ajfa-835	261	14	on	on	ADP
ajfa-835	261	15	the	the	DET
ajfa-835	261	16	above	above	ADJ
ajfa-835	261	17	criteria	criterion	NOUN
ajfa-835	261	18	.	.	PUNCT
ajfa-835	262	1	if	if	SCONJ
ajfa-835	262	2	the	the	DET
ajfa-835	262	3	increased	increase	VERB
ajfa-835	262	4	co	co	NOUN
ajfa-835	262	5	-	-	NOUN
ajfa-835	262	6	movement	movement	NOUN
ajfa-835	262	7	,	,	PUNCT
ajfa-835	262	8	as	as	SCONJ
ajfa-835	262	9	measured	measure	VERB
ajfa-835	262	10	by	by	ADP
ajfa-835	262	11	increased	increase	VERB
ajfa-835	262	12	beta	beta	NOUN
ajfa-835	262	13	subsequent	subsequent	ADJ
ajfa-835	262	14	to	to	ADP
ajfa-835	262	15	nifty	nifty	ADJ
ajfa-835	262	16	index	index	NOUN
ajfa-835	262	17	additions	addition	NOUN
ajfa-835	262	18	,	,	PUNCT
ajfa-835	262	19	is	be	AUX
ajfa-835	262	20	due	due	ADJ
ajfa-835	262	21	to	to	ADP
ajfa-835	262	22	non	non	ADJ
ajfa-835	262	23	-	-	ADJ
ajfa-835	262	24	synchronous	synchronous	ADJ
ajfa-835	262	25	trading	trading	NOUN
ajfa-835	262	26	,	,	PUNCT
ajfa-835	262	27	then	then	ADV
ajfa-835	262	28	only	only	ADV
ajfa-835	262	29	the	the	DET
ajfa-835	262	30	second	second	ADJ
ajfa-835	262	31	group	group	NOUN
ajfa-835	262	32	should	should	AUX
ajfa-835	262	33	evidence	evidence	VERB
ajfa-835	262	34	beta	beta	ADJ
ajfa-835	262	35	increase	increase	NOUN
ajfa-835	262	36	.	.	PUNCT
ajfa-835	263	1	if	if	SCONJ
ajfa-835	263	2	the	the	DET
ajfa-835	263	3	increased	increase	VERB
ajfa-835	263	4	co	co	NOUN
ajfa-835	263	5	-	-	NOUN
ajfa-835	263	6	movement	movement	NOUN
ajfa-835	263	7	as	as	SCONJ
ajfa-835	263	8	measured	measure	VERB
ajfa-835	263	9	by	by	ADP
ajfa-835	263	10	increased	increase	VERB
ajfa-835	263	11	beta	beta	NOUN
ajfa-835	263	12	subsequent	subsequent	ADJ
ajfa-835	263	13	to	to	ADP
ajfa-835	263	14	nifty	nifty	ADJ
ajfa-835	263	15	index	index	NOUN
ajfa-835	263	16	additions	addition	NOUN
ajfa-835	263	17	is	be	AUX
ajfa-835	263	18	due	due	ADJ
ajfa-835	263	19	to	to	ADP
ajfa-835	263	20	the	the	DET
ajfa-835	263	21	price	price	NOUN
ajfa-835	263	22	pressure	pressure	NOUN
ajfa-835	263	23	caused	cause	VERB
ajfa-835	263	24	by	by	ADP
ajfa-835	263	25	index	index	NOUN
ajfa-835	263	26	trading	trading	NOUN
ajfa-835	263	27	strategies	strategy	NOUN
ajfa-835	263	28	,	,	PUNCT
ajfa-835	263	29	both	both	DET
ajfa-835	263	30	groups	group	NOUN
ajfa-835	263	31	should	should	AUX
ajfa-835	263	32	evidence	evidence	VERB
ajfa-835	263	33	beta	beta	ADJ
ajfa-835	263	34	increase	increase	NOUN
ajfa-835	263	35	.	.	PUNCT
ajfa-835	264	1	the	the	DET
ajfa-835	264	2	results	result	NOUN
ajfa-835	264	3	are	be	AUX
ajfa-835	264	4	tabulated	tabulate	VERB
ajfa-835	264	5	in	in	ADP
ajfa-835	264	6	table	table	NOUN
ajfa-835	264	7	4	4	NUM
ajfa-835	264	8	.	.	PUNCT
ajfa-835	265	1	while	while	SCONJ
ajfa-835	265	2	panel	panel	NOUN
ajfa-835	265	3	a	a	DET
ajfa-835	265	4	reports	report	NOUN
ajfa-835	265	5	the	the	DET
ajfa-835	265	6	beta	beta	ADJ
ajfa-835	265	7	change	change	NOUN
ajfa-835	265	8	for	for	ADP
ajfa-835	265	9	stocks	stock	NOUN
ajfa-835	265	10	for	for	ADP
ajfa-835	265	11	which	which	PRON
ajfa-835	265	12	trading	trading	NOUN
ajfa-835	265	13	volume	volume	NOUN
ajfa-835	265	14	decreased	decrease	VERB
ajfa-835	265	15	post	post	NOUN
ajfa-835	265	16	addition	addition	NOUN
ajfa-835	265	17	,	,	PUNCT
ajfa-835	265	18	panel	panel	NOUN
ajfa-835	265	19	b	b	PROPN
ajfa-835	265	20	reports	report	VERB
ajfa-835	265	21	the	the	DET
ajfa-835	265	22	beta	beta	ADJ
ajfa-835	265	23	change	change	NOUN
ajfa-835	265	24	for	for	ADP
ajfa-835	265	25	stocks	stock	NOUN
ajfa-835	265	26	for	for	ADP
ajfa-835	265	27	which	which	PRON
ajfa-835	265	28	trading	trading	NOUN
ajfa-835	265	29	volume	volume	NOUN
ajfa-835	265	30	increased	increase	VERB
ajfa-835	265	31	post	post	NOUN
ajfa-835	265	32	addition	addition	NOUN
ajfa-835	265	33	.	.	PUNCT
ajfa-835	266	1	as	as	ADP
ajfa-835	266	2	an	an	DET
ajfa-835	266	3	additional	additional	ADJ
ajfa-835	266	4	measure	measure	NOUN
ajfa-835	266	5	,	,	PUNCT
ajfa-835	266	6	panel	panel	NOUN
ajfa-835	266	7	c	c	NOUN
ajfa-835	266	8	reports	report	VERB
ajfa-835	266	9	beta	beta	NOUN
ajfa-835	266	10	change	change	NOUN
ajfa-835	266	11	ordered	order	VERB
ajfa-835	266	12	based	base	VERB
ajfa-835	266	13	on	on	ADP
ajfa-835	266	14	quintile	quintile	NOUN
ajfa-835	266	15	change	change	NOUN
ajfa-835	266	16	using	use	VERB
ajfa-835	266	17	trading	trading	NOUN
ajfa-835	266	18	volume	volume	NOUN
ajfa-835	266	19	.	.	PUNCT
ajfa-835	267	1	according	accord	VERB
ajfa-835	267	2	to	to	ADP
ajfa-835	267	3	the	the	DET
ajfa-835	267	4	price	price	NOUN
ajfa-835	267	5	pressure	pressure	NOUN
ajfa-835	267	6	hypothesis	hypothesis	NOUN
ajfa-835	267	7	,	,	PUNCT
ajfa-835	267	8	beta	beta	NOUN
ajfa-835	267	9	should	should	AUX
ajfa-835	267	10	increase	increase	VERB
ajfa-835	267	11	post	post	NOUN
ajfa-835	267	12	addition	addition	NOUN
ajfa-835	267	13	in	in	ADP
ajfa-835	267	14	both	both	CCONJ
ajfa-835	267	15	the	the	DET
ajfa-835	267	16	groups	group	NOUN
ajfa-835	267	17	and	and	CCONJ
ajfa-835	267	18	in	in	ADP
ajfa-835	267	19	all	all	DET
ajfa-835	267	20	the	the	DET
ajfa-835	267	21	quintiles	quintile	NOUN
ajfa-835	267	22	.	.	PUNCT
ajfa-835	268	1	whereas	whereas	SCONJ
ajfa-835	268	2	the	the	DET
ajfa-835	268	3	non	non	ADJ
ajfa-835	268	4	-	-	ADJ
ajfa-835	268	5	synchronous	synchronous	ADJ
ajfa-835	268	6	trading	trading	NOUN
ajfa-835	268	7	hypothesis	hypothesis	NOUN
ajfa-835	268	8	expects	expect	VERB
ajfa-835	268	9	the	the	DET
ajfa-835	268	10	beta	beta	ADJ
ajfa-835	268	11	increase	increase	NOUN
ajfa-835	268	12	only	only	ADV
ajfa-835	268	13	for	for	ADP
ajfa-835	268	14	second	second	ADJ
ajfa-835	268	15	group	group	NOUN
ajfa-835	268	16	(	(	PUNCT
ajfa-835	268	17	panel	panel	NOUN
ajfa-835	268	18	b	b	NOUN
ajfa-835	268	19	)	)	PUNCT
ajfa-835	268	20	.	.	PUNCT
ajfa-835	269	1	the	the	DET
ajfa-835	269	2	beta	beta	ADJ
ajfa-835	269	3	change	change	NOUN
ajfa-835	269	4	for	for	ADP
ajfa-835	269	5	the	the	DET
ajfa-835	269	6	stocks	stock	NOUN
ajfa-835	269	7	for	for	ADP
ajfa-835	269	8	which	which	PRON
ajfa-835	269	9	trading	trading	NOUN
ajfa-835	269	10	volume	volume	NOUN
ajfa-835	269	11	decreased	decrease	VERB
ajfa-835	269	12	post	post	NOUN
ajfa-835	269	13	addition	addition	NOUN
ajfa-835	269	14	decreased	decrease	VERB
ajfa-835	269	15	by	by	ADP
ajfa-835	269	16	0.011	0.011	NUM
ajfa-835	269	17	(	(	PUNCT
ajfa-835	269	18	median	median	NOUN
ajfa-835	269	19	:	:	PUNCT
ajfa-835	269	20	0.07	0.07	NUM
ajfa-835	269	21	)	)	PUNCT
ajfa-835	269	22	for	for	ADP
ajfa-835	269	23	the	the	DET
ajfa-835	269	24	complete	complete	ADJ
ajfa-835	269	25	period	period	NOUN
ajfa-835	269	26	as	as	SCONJ
ajfa-835	269	27	predicted	predict	VERB
ajfa-835	269	28	by	by	ADP
ajfa-835	269	29	non	non	ADJ
ajfa-835	269	30	-	-	ADJ
ajfa-835	269	31	synchronous	synchronous	ADJ
ajfa-835	269	32	trading	trading	NOUN
ajfa-835	269	33	view	view	NOUN
ajfa-835	269	34	and	and	CCONJ
ajfa-835	269	35	beta	beta	NOUN
ajfa-835	269	36	change	change	NOUN
ajfa-835	269	37	for	for	ADP
ajfa-835	269	38	the	the	DET
ajfa-835	269	39	stocks	stock	NOUN
ajfa-835	269	40	for	for	ADP
ajfa-835	269	41	which	which	PRON
ajfa-835	269	42	trading	trading	NOUN
ajfa-835	269	43	volume	volume	NOUN
ajfa-835	269	44	increased	increase	VERB
ajfa-835	269	45	post	post	NOUN
ajfa-835	269	46	addition	addition	NOUN
ajfa-835	269	47	is	be	AUX
ajfa-835	269	48	a	a	DET
ajfa-835	269	49	increase	increase	NOUN
ajfa-835	269	50	of	of	ADP
ajfa-835	269	51	0.267	0.267	NUM
ajfa-835	269	52	(	(	PUNCT
ajfa-835	269	53	median	median	NOUN
ajfa-835	269	54	:	:	PUNCT
ajfa-835	269	55	0.272	0.272	NUM
ajfa-835	269	56	)	)	PUNCT
ajfa-835	269	57	.	.	PUNCT
ajfa-835	270	1	the	the	DET
ajfa-835	270	2	results	result	NOUN
ajfa-835	270	3	for	for	ADP
ajfa-835	270	4	the	the	DET
ajfa-835	270	5	both	both	CCONJ
ajfa-835	270	6	the	the	DET
ajfa-835	270	7	sub	sub	NOUN
ajfa-835	270	8	-	-	ADJ
ajfa-835	270	9	periods	period	NOUN
ajfa-835	270	10	are	be	AUX
ajfa-835	270	11	similar	similar	ADJ
ajfa-835	270	12	to	to	ADP
ajfa-835	270	13	the	the	DET
ajfa-835	270	14	full	full	ADJ
ajfa-835	270	15	periods	period	NOUN
ajfa-835	270	16	in	in	ADP
ajfa-835	270	17	both	both	CCONJ
ajfa-835	270	18	the	the	DET
ajfa-835	270	19	panels	panel	NOUN
ajfa-835	270	20	.	.	PUNCT
ajfa-835	271	1	the	the	DET
ajfa-835	271	2	results	result	NOUN
ajfa-835	271	3	are	be	AUX
ajfa-835	271	4	corroborated	corroborate	VERB
ajfa-835	271	5	by	by	ADP
ajfa-835	271	6	the	the	DET
ajfa-835	271	7	median	median	ADJ
ajfa-835	271	8	values	value	NOUN
ajfa-835	271	9	and	and	CCONJ
ajfa-835	271	10	percentage	percentage	NOUN
ajfa-835	271	11	of	of	ADP
ajfa-835	271	12	stocks	stock	NOUN
ajfa-835	271	13	with	with	ADP
ajfa-835	271	14	beta	beta	ADJ
ajfa-835	271	15	increase	increase	NOUN
ajfa-835	271	16	in	in	ADP
ajfa-835	271	17	both	both	CCONJ
ajfa-835	271	18	the	the	DET
ajfa-835	271	19	panels	panel	NOUN
ajfa-835	271	20	.	.	PUNCT
ajfa-835	272	1	for	for	ADP
ajfa-835	272	2	the	the	DET
ajfa-835	272	3	complete	complete	ADJ
ajfa-835	272	4	period	period	NOUN
ajfa-835	272	5	,	,	PUNCT
ajfa-835	272	6	only	only	ADV
ajfa-835	272	7	36	36	NUM
ajfa-835	272	8	%	%	NOUN
ajfa-835	272	9	15	15	NUM
ajfa-835	272	10	the	the	DET
ajfa-835	272	11	information	information	NOUN
ajfa-835	272	12	diffusion	diffusion	NOUN
ajfa-835	272	13	view	view	NOUN
ajfa-835	272	14	contends	contend	VERB
ajfa-835	272	15	that	that	SCONJ
ajfa-835	272	16	the	the	DET
ajfa-835	272	17	large	large	ADJ
ajfa-835	272	18	liquid	liquid	ADJ
ajfa-835	272	19	stocks	stock	NOUN
ajfa-835	272	20	impound	impound	VERB
ajfa-835	272	21	information	information	NOUN
ajfa-835	272	22	efficiently	efficiently	ADV
ajfa-835	272	23	compared	compare	VERB
ajfa-835	272	24	to	to	ADP
ajfa-835	272	25	smaller	small	ADJ
ajfa-835	272	26	less	less	ADV
ajfa-835	272	27	liquid	liquid	ADJ
ajfa-835	272	28	stocks	stock	NOUN
ajfa-835	272	29	and	and	CCONJ
ajfa-835	272	30	consequently	consequently	ADV
ajfa-835	272	31	priced	price	VERB
ajfa-835	272	32	fairly	fairly	ADV
ajfa-835	272	33	most	most	ADJ
ajfa-835	272	34	of	of	ADP
ajfa-835	272	35	the	the	DET
ajfa-835	272	36	time	time	NOUN
ajfa-835	272	37	.	.	PUNCT
ajfa-835	273	1	this	this	PRON
ajfa-835	273	2	implies	imply	VERB
ajfa-835	273	3	that	that	SCONJ
ajfa-835	273	4	the	the	DET
ajfa-835	273	5	nifty	nifty	ADJ
ajfa-835	273	6	index	index	NOUN
ajfa-835	273	7	would	would	AUX
ajfa-835	273	8	lead	lead	VERB
ajfa-835	273	9	the	the	DET
ajfa-835	273	10	other	other	ADJ
ajfa-835	273	11	secondary	secondary	ADJ
ajfa-835	273	12	indices	index	NOUN
ajfa-835	273	13	in	in	ADP
ajfa-835	273	14	the	the	DET
ajfa-835	273	15	indian	indian	ADJ
ajfa-835	273	16	stock	stock	NOUN
ajfa-835	273	17	market	market	NOUN
ajfa-835	273	18	.	.	PUNCT
ajfa-835	274	1	please	please	INTJ
ajfa-835	274	2	see	see	VERB
ajfa-835	274	3	appendix	appendix	VERB
ajfa-835	274	4	i	i	PRON
ajfa-835	274	5	for	for	ADP
ajfa-835	274	6	the	the	DET
ajfa-835	274	7	results	result	NOUN
ajfa-835	274	8	supporting	support	VERB
ajfa-835	274	9	the	the	DET
ajfa-835	274	10	information	information	NOUN
ajfa-835	274	11	diffusion	diffusion	NOUN
ajfa-835	274	12	view	view	NOUN
ajfa-835	274	13	in	in	ADP
ajfa-835	274	14	the	the	DET
ajfa-835	274	15	indian	indian	ADJ
ajfa-835	274	16	stock	stock	NOUN
ajfa-835	274	17	market	market	NOUN
ajfa-835	274	18	.	.	PUNCT
ajfa-835	275	1	asian	asian	ADJ
ajfa-835	275	2	journal	journal	PROPN
ajfa-835	275	3	of	of	ADP
ajfa-835	275	4	finance	finance	PROPN
ajfa-835	275	5	&	&	CCONJ
ajfa-835	275	6	accounting	accounting	PROPN
ajfa-835	275	7	issn	issn	PROPN
ajfa-835	275	8	1946	1946	NUM
ajfa-835	275	9	-	-	PUNCT
ajfa-835	275	10	052x	052x	NOUN
ajfa-835	275	11	2011	2011	NUM
ajfa-835	275	12	,	,	PUNCT
ajfa-835	275	13	vol	vol	NOUN
ajfa-835	275	14	.	.	PROPN
ajfa-835	276	1	3	3	NUM
ajfa-835	276	2	,	,	PUNCT
ajfa-835	276	3	no	no	INTJ
ajfa-835	276	4	.	.	NOUN
ajfa-835	276	5	1	1	NUM
ajfa-835	276	6	:	:	PUNCT
ajfa-835	276	7	e12	e12	NOUN
ajfa-835	276	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-835	276	9	199	199	NUM
ajfa-835	276	10	of	of	ADP
ajfa-835	276	11	added	add	VERB
ajfa-835	276	12	stocks	stock	NOUN
ajfa-835	276	13	report	report	VERB
ajfa-835	276	14	beta	beta	ADJ
ajfa-835	276	15	increase	increase	NOUN
ajfa-835	276	16	for	for	ADP
ajfa-835	276	17	panel	panel	NOUN
ajfa-835	276	18	a	a	DET
ajfa-835	276	19	stocks	stock	NOUN
ajfa-835	276	20	.	.	PUNCT
ajfa-835	277	1	whereas	whereas	SCONJ
ajfa-835	277	2	the	the	DET
ajfa-835	277	3	beta	beta	ADJ
ajfa-835	277	4	increase	increase	NOUN
ajfa-835	277	5	for	for	ADP
ajfa-835	277	6	the	the	DET
ajfa-835	277	7	panel	panel	NOUN
ajfa-835	277	8	b	b	PROPN
ajfa-835	277	9	stocks	stock	NOUN
ajfa-835	277	10	’	'	PUNCT
ajfa-835	277	11	is	be	AUX
ajfa-835	277	12	73	73	NUM
ajfa-835	277	13	%	%	NOUN
ajfa-835	277	14	of	of	ADP
ajfa-835	277	15	added	add	VERB
ajfa-835	277	16	stocks	stock	NOUN
ajfa-835	277	17	.	.	PUNCT
ajfa-835	278	1	in	in	ADP
ajfa-835	278	2	panel	panel	NOUN
ajfa-835	278	3	c	c	NOUN
ajfa-835	278	4	,	,	PUNCT
ajfa-835	278	5	where	where	SCONJ
ajfa-835	278	6	stocks	stock	NOUN
ajfa-835	278	7	are	be	AUX
ajfa-835	278	8	arranged	arrange	VERB
ajfa-835	278	9	into	into	ADP
ajfa-835	278	10	three	three	NUM
ajfa-835	278	11	quintiles	quintile	NOUN
ajfa-835	278	12	based	base	VERB
ajfa-835	278	13	on	on	ADP
ajfa-835	278	14	average	average	ADJ
ajfa-835	278	15	trading	trading	NOUN
ajfa-835	278	16	volume	volume	NOUN
ajfa-835	278	17	,	,	PUNCT
ajfa-835	278	18	the	the	DET
ajfa-835	278	19	beta	beta	ADJ
ajfa-835	278	20	increase	increase	NOUN
ajfa-835	278	21	from	from	ADP
ajfa-835	278	22	the	the	DET
ajfa-835	278	23	lowest	low	ADJ
ajfa-835	278	24	to	to	ADP
ajfa-835	278	25	highest	high	ADJ
ajfa-835	278	26	quintile	quintile	NOUN
ajfa-835	278	27	is	be	AUX
ajfa-835	278	28	–	–	PUNCT
ajfa-835	278	29	0.06	0.06	NUM
ajfa-835	278	30	(	(	PUNCT
ajfa-835	278	31	median	median	NOUN
ajfa-835	278	32	:	:	PUNCT
ajfa-835	278	33	0.107	0.107	NUM
ajfa-835	278	34	)	)	PUNCT
ajfa-835	278	35	,	,	PUNCT
ajfa-835	278	36	0.192	0.192	NUM
ajfa-835	278	37	(	(	PUNCT
ajfa-835	278	38	median	median	NOUN
ajfa-835	278	39	:	:	PUNCT
ajfa-835	278	40	0.168	0.168	NUM
ajfa-835	278	41	)	)	PUNCT
ajfa-835	278	42	and	and	CCONJ
ajfa-835	278	43	0.285	0.285	NUM
ajfa-835	278	44	(	(	PUNCT
ajfa-835	278	45	median	median	NOUN
ajfa-835	278	46	:	:	PUNCT
ajfa-835	278	47	0.294	0.294	NUM
ajfa-835	278	48	)	)	PUNCT
ajfa-835	278	49	respectively	respectively	ADV
ajfa-835	278	50	.	.	PUNCT
ajfa-835	279	1	the	the	DET
ajfa-835	279	2	above	above	ADJ
ajfa-835	279	3	results	result	NOUN
ajfa-835	279	4	are	be	AUX
ajfa-835	279	5	presented	present	VERB
ajfa-835	279	6	to	to	PART
ajfa-835	279	7	suggest	suggest	VERB
ajfa-835	279	8	that	that	SCONJ
ajfa-835	279	9	the	the	DET
ajfa-835	279	10	results	result	NOUN
ajfa-835	279	11	are	be	AUX
ajfa-835	279	12	not	not	PART
ajfa-835	279	13	due	due	ADJ
ajfa-835	279	14	to	to	ADP
ajfa-835	279	15	outliers	outlier	NOUN
ajfa-835	279	16	or	or	CCONJ
ajfa-835	279	17	stock	stock	NOUN
ajfa-835	279	18	selection	selection	NOUN
ajfa-835	279	19	.	.	PUNCT
ajfa-835	280	1	further	far	ADV
ajfa-835	280	2	,	,	PUNCT
ajfa-835	280	3	nonparametric	nonparametric	NOUN
ajfa-835	280	4	,	,	PUNCT
ajfa-835	280	5	two	two	NUM
ajfa-835	280	6	independent	independent	ADJ
ajfa-835	280	7	sample	sample	NOUN
ajfa-835	280	8	test	test	NOUN
ajfa-835	280	9	compared	compare	VERB
ajfa-835	280	10	the	the	DET
ajfa-835	280	11	beta	beta	NOUN
ajfa-835	280	12	change	change	NOUN
ajfa-835	280	13	between	between	ADP
ajfa-835	280	14	panel	panel	NOUN
ajfa-835	280	15	a	a	DET
ajfa-835	280	16	and	and	CCONJ
ajfa-835	280	17	panel	panel	NOUN
ajfa-835	280	18	b	b	PROPN
ajfa-835	280	19	stocks	stock	NOUN
ajfa-835	280	20	rejected	reject	VERB
ajfa-835	280	21	the	the	DET
ajfa-835	280	22	equality	equality	NOUN
ajfa-835	280	23	of	of	ADP
ajfa-835	280	24	mean	mean	NOUN
ajfa-835	280	25	at	at	ADP
ajfa-835	280	26	1	1	NUM
ajfa-835	280	27	%	%	NOUN
ajfa-835	280	28	level	level	NOUN
ajfa-835	280	29	.	.	PUNCT
ajfa-835	281	1	the	the	DET
ajfa-835	281	2	results	result	NOUN
ajfa-835	281	3	support	support	VERB
ajfa-835	281	4	the	the	DET
ajfa-835	281	5	non	non	ADJ
ajfa-835	281	6	-	-	ADJ
ajfa-835	281	7	synchronous	synchronous	ADJ
ajfa-835	281	8	trading	trading	NOUN
ajfa-835	281	9	hypothesis	hypothesis	NOUN
ajfa-835	281	10	in	in	ADP
ajfa-835	281	11	the	the	DET
ajfa-835	281	12	indian	indian	ADJ
ajfa-835	281	13	stock	stock	NOUN
ajfa-835	281	14	market	market	NOUN
ajfa-835	281	15	and	and	CCONJ
ajfa-835	281	16	are	be	AUX
ajfa-835	281	17	different	different	ADJ
ajfa-835	281	18	from	from	ADP
ajfa-835	281	19	the	the	DET
ajfa-835	281	20	results	result	NOUN
ajfa-835	281	21	in	in	ADP
ajfa-835	281	22	the	the	DET
ajfa-835	281	23	developed	develop	VERB
ajfa-835	281	24	markets	market	NOUN
ajfa-835	281	25	.	.	PUNCT
ajfa-835	282	1	table	table	NOUN
ajfa-835	282	2	4	4	NUM
ajfa-835	282	3	.	.	PUNCT
ajfa-835	283	1	testing	test	VERB
ajfa-835	283	2	the	the	DET
ajfa-835	283	3	price	price	NOUN
ajfa-835	283	4	pressure	pressure	NOUN
ajfa-835	283	5	against	against	ADP
ajfa-835	283	6	the	the	DET
ajfa-835	283	7	non	non	ADJ
ajfa-835	283	8	-	-	ADJ
ajfa-835	283	9	synchronous	synchronous	ADJ
ajfa-835	283	10	trading	trading	NOUN
ajfa-835	283	11	hypothesis	hypothesis	NOUN
ajfa-835	283	12	panel	panel	NOUN
ajfa-835	283	13	a	a	DET
ajfa-835	283	14	stocks	stock	NOUN
ajfa-835	283	15	for	for	ADP
ajfa-835	283	16	which	which	PRON
ajfa-835	283	17	trading	trading	NOUN
ajfa-835	283	18	volume	volume	NOUN
ajfa-835	283	19	decreased	decrease	VERB
ajfa-835	283	20	post	post	NOUN
ajfa-835	283	21	inclusion	inclusion	NOUN
ajfa-835	283	22	:	:	PUNCT
ajfa-835	283	23	volume	volume	NOUN
ajfa-835	283	24	ratio(vr	ratio(vr	NOUN
ajfa-835	283	25	)	)	PUNCT
ajfa-835	283	26	is	be	AUX
ajfa-835	283	27	less	less	ADJ
ajfa-835	283	28	than	than	ADP
ajfa-835	283	29	one	one	NUM
ajfa-835	283	30	period	period	NOUN
ajfa-835	283	31	sample	sample	NOUN
ajfa-835	283	32	increase	increase	NOUN
ajfa-835	283	33	in	in	ADP
ajfa-835	283	34	beta	beta	ADJ
ajfa-835	283	35	average	average	ADJ
ajfa-835	283	36	volume	volume	NOUN
ajfa-835	283	37	ratio	ratio	NOUN
ajfa-835	283	38	vr	vr	PROPN
ajfa-835	283	39	%	%	NOUN
ajfa-835	283	40	of	of	ADP
ajfa-835	283	41	stocks	stock	NOUN
ajfa-835	283	42	with	with	ADP
ajfa-835	283	43	beta	beta	NOUN
ajfa-835	283	44	increase	increase	NOUN
ajfa-835	283	45	prediction	prediction	NOUN
ajfa-835	283	46	of	of	ADP
ajfa-835	283	47	price	price	NOUN
ajfa-835	283	48	pressure	pressure	NOUN
ajfa-835	283	49	hypothesis	hypothesis	NOUN
ajfa-835	283	50	prediction	prediction	NOUN
ajfa-835	283	51	of	of	ADP
ajfa-835	283	52	non	non	ADJ
ajfa-835	283	53	-	-	ADJ
ajfa-835	283	54	synchronous	synchronous	ADJ
ajfa-835	283	55	trading	trading	NOUN
ajfa-835	283	56	hypothesis	hypothesis	NOUN
ajfa-835	283	57	mean	mean	NOUN
ajfa-835	283	58	median	median	PROPN
ajfa-835	283	59	1999	1999	NUM
ajfa-835	283	60	-	-	SYM
ajfa-835	283	61	2010	2010	NUM
ajfa-835	283	62	19	19	NUM
ajfa-835	283	63	-0.011	-0.011	NUM
ajfa-835	283	64	-0.070	-0.070	NUM
ajfa-835	283	65	0.53	0.53	NUM
ajfa-835	283	66	36	36	NUM
ajfa-835	283	67	%	%	NOUN
ajfa-835	283	68	increase	increase	NOUN
ajfa-835	283	69	decrease	decrease	NOUN
ajfa-835	283	70	1999	1999	NUM
ajfa-835	283	71	2006	2006	NUM
ajfa-835	283	72	10	10	NUM
ajfa-835	283	73	-0.034	-0.034	NUM
ajfa-835	283	74	-0.050	-0.050	PROPN
ajfa-835	283	75	0.43	0.43	NUM
ajfa-835	283	76	40	40	NUM
ajfa-835	283	77	%	%	NOUN
ajfa-835	283	78	increase	increase	NOUN
ajfa-835	283	79	decrease	decrease	NOUN
ajfa-835	283	80	2007	2007	NUM
ajfa-835	283	81	-	-	SYM
ajfa-835	283	82	2010	2010	NUM
ajfa-835	283	83	9	9	NUM
ajfa-835	283	84	0.014	0.014	NUM
ajfa-835	283	85	-0.070	-0.070	NUM
ajfa-835	283	86	0.65	0.65	NUM
ajfa-835	283	87	33	33	NUM
ajfa-835	283	88	%	%	NOUN
ajfa-835	283	89	increase	increase	NOUN
ajfa-835	283	90	decrease	decrease	NOUN
ajfa-835	283	91	panel	panel	NOUN
ajfa-835	283	92	b	b	PROPN
ajfa-835	283	93	stocks	stock	NOUN
ajfa-835	283	94	for	for	ADP
ajfa-835	283	95	which	which	PRON
ajfa-835	283	96	trading	trading	NOUN
ajfa-835	283	97	volume	volume	NOUN
ajfa-835	283	98	increased	increase	VERB
ajfa-835	283	99	post	post	NOUN
ajfa-835	283	100	inclusion	inclusion	NOUN
ajfa-835	283	101	:	:	PUNCT
ajfa-835	283	102	volume	volume	NOUN
ajfa-835	283	103	ratio(vr	ratio(vr	NOUN
ajfa-835	283	104	)	)	PUNCT
ajfa-835	283	105	is	be	AUX
ajfa-835	283	106	more	more	ADJ
ajfa-835	283	107	than	than	ADP
ajfa-835	283	108	one	one	NUM
ajfa-835	283	109	period	period	NOUN
ajfa-835	283	110	sample	sample	NOUN
ajfa-835	283	111	increase	increase	NOUN
ajfa-835	283	112	in	in	ADP
ajfa-835	283	113	beta	beta	ADJ
ajfa-835	283	114	average	average	ADJ
ajfa-835	283	115	volume	volume	NOUN
ajfa-835	283	116	ratio	ratio	NOUN
ajfa-835	283	117	vr	vr	PROPN
ajfa-835	283	118	%	%	NOUN
ajfa-835	283	119	of	of	ADP
ajfa-835	283	120	stocks	stock	NOUN
ajfa-835	283	121	with	with	ADP
ajfa-835	283	122	beta	beta	ADJ
ajfa-835	283	123	increase	increase	NOUN
ajfa-835	283	124	price	price	NOUN
ajfa-835	283	125	pressure	pressure	NOUN
ajfa-835	283	126	prediction	prediction	NOUN
ajfa-835	283	127	nonsync	nonsync	NOUN
ajfa-835	283	128	trading	trading	NOUN
ajfa-835	283	129	prediction	prediction	NOUN
ajfa-835	283	130	mean	mean	NOUN
ajfa-835	283	131	median	median	NOUN
ajfa-835	283	132	1999	1999	NUM
ajfa-835	283	133	-	-	SYM
ajfa-835	283	134	2010	2010	NUM
ajfa-835	283	135	22	22	NUM
ajfa-835	283	136	0.267	0.267	NUM
ajfa-835	283	137	*	*	PUNCT
ajfa-835	283	138	0.272	0.272	NUM
ajfa-835	283	139	2.67	2.67	NUM
ajfa-835	283	140	73	73	NUM
ajfa-835	283	141	%	%	NOUN
ajfa-835	283	142	increase	increase	NOUN
ajfa-835	283	143	increase	increase	NOUN
ajfa-835	283	144	1999	1999	NUM
ajfa-835	283	145	2006	2006	NUM
ajfa-835	283	146	16	16	NUM
ajfa-835	283	147	0.237	0.237	NUM
ajfa-835	283	148	*	*	NUM
ajfa-835	283	149	0.236	0.236	NUM
ajfa-835	283	150	2.69	2.69	NUM
ajfa-835	283	151	66	66	NUM
ajfa-835	283	152	%	%	NOUN
ajfa-835	283	153	increase	increase	NOUN
ajfa-835	283	154	increase	increase	NOUN
ajfa-835	283	155	2007	2007	NUM
ajfa-835	283	156	-	-	SYM
ajfa-835	283	157	2010	2010	NUM
ajfa-835	283	158	6	6	NUM
ajfa-835	283	159	0.346	0.346	NUM
ajfa-835	283	160	*	*	NUM
ajfa-835	283	161	0.372	0.372	NUM
ajfa-835	283	162	2.35	2.35	NUM
ajfa-835	283	163	83	83	NUM
ajfa-835	283	164	%	%	NOUN
ajfa-835	283	165	increase	increase	NOUN
ajfa-835	283	166	increase	increase	NOUN
ajfa-835	283	167	panel	panel	NOUN
ajfa-835	283	168	c	c	PROPN
ajfa-835	283	169	daily	daily	ADJ
ajfa-835	283	170	beta	beta	NOUN
ajfa-835	283	171	as	as	ADP
ajfa-835	283	172	a	a	DET
ajfa-835	283	173	function	function	NOUN
ajfa-835	283	174	of	of	ADP
ajfa-835	283	175	trading	trading	NOUN
ajfa-835	283	176	volume	volume	NOUN
ajfa-835	283	177	quintile	quintile	NOUN
ajfa-835	283	178	of	of	ADP
ajfa-835	283	179	volume	volume	NOUN
ajfa-835	283	180	ratio	ratio	NOUN
ajfa-835	283	181	sample	sample	NOUN
ajfa-835	283	182	increase	increase	NOUN
ajfa-835	283	183	in	in	ADP
ajfa-835	283	184	beta	beta	NOUN
ajfa-835	283	185	average	average	ADJ
ajfa-835	283	186	vr	vr	NOUN
ajfa-835	283	187	%	%	NOUN
ajfa-835	283	188	of	of	ADP
ajfa-835	283	189	stocks	stock	NOUN
ajfa-835	283	190	with	with	ADP
ajfa-835	283	191	beta	beta	ADJ
ajfa-835	283	192	increase	increase	NOUN
ajfa-835	283	193	price	price	NOUN
ajfa-835	283	194	pressure	pressure	NOUN
ajfa-835	283	195	prediction	prediction	NOUN
ajfa-835	283	196	nonsync	nonsync	NOUN
ajfa-835	283	197	trading	trading	NOUN
ajfa-835	283	198	prediction	prediction	NOUN
ajfa-835	283	199	1999	1999	NUM
ajfa-835	283	200	-	-	SYM
ajfa-835	283	201	2010	2010	NUM
ajfa-835	283	202	41	41	NUM
ajfa-835	283	203	0.140	0.140	NUM
ajfa-835	283	204	1.64	1.64	NUM
ajfa-835	283	205	57	57	NUM
ajfa-835	283	206	%	%	NOUN
ajfa-835	283	207	mean	mean	NOUN
ajfa-835	283	208	median	median	NOUN
ajfa-835	283	209	lowest	low	ADJ
ajfa-835	283	210	14	14	NUM
ajfa-835	283	211	-0.06	-0.06	NUM
ajfa-835	283	212	-0.107	-0.107	PROPN
ajfa-835	283	213	0.44	0.44	NUM
ajfa-835	283	214	30	30	NUM
ajfa-835	283	215	%	%	NOUN
ajfa-835	283	216	increase	increase	NOUN
ajfa-835	283	217	decrease	decrease	NOUN
ajfa-835	283	218	middle	middle	ADJ
ajfa-835	283	219	14	14	NUM
ajfa-835	283	220	0.192	0.192	NUM
ajfa-835	283	221	*	*	NUM
ajfa-835	283	222	0.168	0.168	NUM
ajfa-835	283	223	1.05	1.05	NUM
ajfa-835	283	224	77	77	NUM
ajfa-835	283	225	%	%	NOUN
ajfa-835	283	226	increase	increase	NOUN
ajfa-835	283	227	increase	increase	VERB
ajfa-835	283	228	highest	high	ADJ
ajfa-835	283	229	13	13	NUM
ajfa-835	283	230	0.285	0.285	NUM
ajfa-835	283	231	*	*	NUM
ajfa-835	283	232	0.294	0.294	NUM
ajfa-835	283	233	3.39	3.39	NUM
ajfa-835	283	234	64	64	NUM
ajfa-835	283	235	%	%	NOUN
ajfa-835	283	236	increase	increase	NOUN
ajfa-835	283	237	increase	increase	VERB
ajfa-835	283	238	asian	asian	ADJ
ajfa-835	283	239	journal	journal	NOUN
ajfa-835	283	240	of	of	ADP
ajfa-835	283	241	finance	finance	PROPN
ajfa-835	283	242	&	&	CCONJ
ajfa-835	283	243	accounting	accounting	PROPN
ajfa-835	283	244	issn	issn	PROPN
ajfa-835	283	245	1946	1946	NUM
ajfa-835	283	246	-	-	PUNCT
ajfa-835	283	247	052x	052x	NOUN
ajfa-835	283	248	2011	2011	NUM
ajfa-835	283	249	,	,	PUNCT
ajfa-835	283	250	vol	vol	NOUN
ajfa-835	283	251	.	.	PROPN
ajfa-835	284	1	3	3	NUM
ajfa-835	284	2	,	,	PUNCT
ajfa-835	284	3	no	no	INTJ
ajfa-835	284	4	.	.	NOUN
ajfa-835	284	5	1	1	NUM
ajfa-835	284	6	:	:	PUNCT
ajfa-835	284	7	e12	e12	VERB
ajfa-835	284	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	284	9	200	200	NUM
ajfa-835	284	10	the	the	DET
ajfa-835	284	11	sample	sample	NOUN
ajfa-835	284	12	of	of	ADP
ajfa-835	284	13	addition	addition	NOUN
ajfa-835	284	14	to	to	ADP
ajfa-835	284	15	nifty	nifty	ADJ
ajfa-835	284	16	index	index	NOUN
ajfa-835	284	17	for	for	ADP
ajfa-835	284	18	the	the	DET
ajfa-835	284	19	period	period	NOUN
ajfa-835	284	20	1999	1999	NUM
ajfa-835	284	21	-	-	SYM
ajfa-835	284	22	2010	2010	NUM
ajfa-835	284	23	consists	consist	VERB
ajfa-835	284	24	of	of	ADP
ajfa-835	284	25	41	41	NUM
ajfa-835	284	26	added	add	VERB
ajfa-835	284	27	stocks	stock	NOUN
ajfa-835	284	28	which	which	PRON
ajfa-835	284	29	are	be	AUX
ajfa-835	284	30	not	not	PART
ajfa-835	284	31	involved	involve	VERB
ajfa-835	284	32	in	in	ADP
ajfa-835	284	33	mergers	merger	NOUN
ajfa-835	284	34	and	and	CCONJ
ajfa-835	284	35	related	related	ADJ
ajfa-835	284	36	events	event	NOUN
ajfa-835	284	37	and	and	CCONJ
ajfa-835	284	38	have	have	VERB
ajfa-835	284	39	sufficient	sufficient	ADJ
ajfa-835	284	40	daily	daily	ADJ
ajfa-835	284	41	data	datum	NOUN
ajfa-835	284	42	.	.	PUNCT
ajfa-835	285	1	for	for	ADP
ajfa-835	285	2	each	each	DET
ajfa-835	285	3	added	add	VERB
ajfa-835	285	4	stock	stock	NOUN
ajfa-835	285	5	the	the	DET
ajfa-835	285	6	betas	beta	NOUN
ajfa-835	285	7	are	be	AUX
ajfa-835	285	8	estimated	estimate	VERB
ajfa-835	285	9	for	for	ADP
ajfa-835	285	10	both	both	CCONJ
ajfa-835	285	11	the	the	DET
ajfa-835	285	12	pre	pre	NOUN
ajfa-835	285	13	-	-	NOUN
ajfa-835	285	14	change	change	NOUN
ajfa-835	285	15	and	and	CCONJ
ajfa-835	285	16	post	post	ADJ
ajfa-835	285	17	-	-	ADJ
ajfa-835	285	18	change	change	ADJ
ajfa-835	285	19	period	period	NOUN
ajfa-835	285	20	.	.	PUNCT
ajfa-835	286	1	pre	pre	ADJ
ajfa-835	286	2	-	-	ADJ
ajfa-835	286	3	change	change	ADJ
ajfa-835	286	4	betas	beta	NOUN
ajfa-835	286	5	and	and	CCONJ
ajfa-835	286	6	post	post	ADJ
ajfa-835	286	7	-	-	ADJ
ajfa-835	286	8	change	change	ADJ
ajfa-835	286	9	betas	beta	NOUN
ajfa-835	286	10	are	be	AUX
ajfa-835	286	11	calculated	calculate	VERB
ajfa-835	286	12	using	use	VERB
ajfa-835	286	13	daily	daily	ADJ
ajfa-835	286	14	data	datum	NOUN
ajfa-835	286	15	for	for	ADP
ajfa-835	286	16	the	the	DET
ajfa-835	286	17	period	period	NOUN
ajfa-835	286	18	ad-130	ad-130	NOUN
ajfa-835	286	19	to	to	ADP
ajfa-835	286	20	ad-10	ad-10	PRON
ajfa-835	286	21	and	and	CCONJ
ajfa-835	286	22	period	period	NOUN
ajfa-835	286	23	ed+10	ed+10	PROPN
ajfa-835	286	24	to	to	ADP
ajfa-835	286	25	ed+130	ed+130	PROPN
ajfa-835	286	26	respectively(120	respectively(120	ADJ
ajfa-835	286	27	trading	trading	NOUN
ajfa-835	286	28	days	day	NOUN
ajfa-835	286	29	)	)	PUNCT
ajfa-835	286	30	using	use	VERB
ajfa-835	286	31	daily	daily	ADJ
ajfa-835	286	32	log	log	NOUN
ajfa-835	286	33	returns	return	NOUN
ajfa-835	286	34	in	in	ADP
ajfa-835	286	35	univariate	univariate	ADJ
ajfa-835	286	36	and	and	CCONJ
ajfa-835	286	37	bivariate	bivariate	ADJ
ajfa-835	286	38	market	market	NOUN
ajfa-835	286	39	model	model	NOUN
ajfa-835	286	40	.	.	PUNCT
ajfa-835	287	1	the	the	DET
ajfa-835	287	2	volume	volume	NOUN
ajfa-835	287	3	effect	effect	NOUN
ajfa-835	287	4	is	be	AUX
ajfa-835	287	5	studied	study	VERB
ajfa-835	287	6	in	in	ADP
ajfa-835	287	7	the	the	DET
ajfa-835	287	8	spirit	spirit	NOUN
ajfa-835	287	9	of	of	ADP
ajfa-835	287	10	harris	harris	PROPN
ajfa-835	287	11	and	and	CCONJ
ajfa-835	287	12	gurel(1986	gurel(1986	PROPN
ajfa-835	287	13	)	)	PUNCT
ajfa-835	287	14	where	where	SCONJ
ajfa-835	287	15	volume	volume	NOUN
ajfa-835	287	16	ratio	ratio	NOUN
ajfa-835	287	17	vr	vr	NOUN
ajfa-835	287	18	=	=	PUNCT
ajfa-835	287	19	(	(	PUNCT
ajfa-835	287	20	vit	vit	NOUN
ajfa-835	287	21	/vmt	/vmt	PUNCT
ajfa-835	287	22	)	)	PUNCT
ajfa-835	287	23	÷	÷	PUNCT
ajfa-835	288	1	(	(	PUNCT
ajfa-835	288	2	vi	vi	PROPN
ajfa-835	288	3	/	/	SYM
ajfa-835	288	4	vm	vm	NOUN
ajfa-835	288	5	)	)	PUNCT
ajfa-835	288	6	where	where	SCONJ
ajfa-835	288	7	vit	vit	NOUN
ajfa-835	288	8	and	and	CCONJ
ajfa-835	288	9	vmt	vmt	PROPN
ajfa-835	288	10	are	be	AUX
ajfa-835	288	11	the	the	DET
ajfa-835	288	12	trading	trading	NOUN
ajfa-835	288	13	volumes	volume	NOUN
ajfa-835	288	14	of	of	ADP
ajfa-835	288	15	security	security	NOUN
ajfa-835	288	16	i	i	PRON
ajfa-835	288	17	and	and	CCONJ
ajfa-835	288	18	the	the	DET
ajfa-835	288	19	total	total	ADJ
ajfa-835	288	20	nse	nse	NOUN
ajfa-835	288	21	respectively	respectively	ADV
ajfa-835	288	22	,	,	PUNCT
ajfa-835	288	23	and	and	CCONJ
ajfa-835	288	24	vi	vi	PROPN
ajfa-835	288	25	and	and	CCONJ
ajfa-835	288	26	vm	vm	PROPN
ajfa-835	288	27	are	be	AUX
ajfa-835	288	28	the	the	DET
ajfa-835	288	29	average	average	ADJ
ajfa-835	288	30	trading	trading	NOUN
ajfa-835	288	31	volumes	volume	NOUN
ajfa-835	288	32	of	of	ADP
ajfa-835	288	33	the	the	DET
ajfa-835	288	34	security	security	NOUN
ajfa-835	288	35	i	i	PRON
ajfa-835	288	36	and	and	CCONJ
ajfa-835	288	37	total	total	ADJ
ajfa-835	288	38	nse	nse	NOUN
ajfa-835	288	39	for	for	ADP
ajfa-835	288	40	the	the	DET
ajfa-835	288	41	period	period	NOUN
ajfa-835	288	42	ad-70	ad-70	NOUN
ajfa-835	288	43	through	through	ADP
ajfa-835	288	44	ad-10	ad-10	PRON
ajfa-835	288	45	.	.	PUNCT
ajfa-835	289	1	the	the	DET
ajfa-835	289	2	calculated	calculate	VERB
ajfa-835	289	3	daily	daily	ADJ
ajfa-835	289	4	vr	vr	PROPN
ajfa-835	289	5	is	be	AUX
ajfa-835	289	6	used	use	VERB
ajfa-835	289	7	to	to	PART
ajfa-835	289	8	calculate	calculate	VERB
ajfa-835	289	9	the	the	DET
ajfa-835	289	10	‘	'	PUNCT
ajfa-835	289	11	vr	vr	NOUN
ajfa-835	289	12	’	'	PUNCT
ajfa-835	289	13	for	for	ADP
ajfa-835	289	14	the	the	DET
ajfa-835	289	15	period	period	NOUN
ajfa-835	289	16	ed+10	ed+10	NOUN
ajfa-835	289	17	to	to	ADP
ajfa-835	289	18	ed+70	ed+70	PROPN
ajfa-835	289	19	.	.	PUNCT
ajfa-835	290	1	the	the	DET
ajfa-835	290	2	volume	volume	NOUN
ajfa-835	290	3	ratio	ratio	NOUN
ajfa-835	290	4	should	should	AUX
ajfa-835	290	5	have	have	VERB
ajfa-835	290	6	a	a	DET
ajfa-835	290	7	value	value	NOUN
ajfa-835	290	8	of	of	ADP
ajfa-835	290	9	‘	'	PUNCT
ajfa-835	290	10	one	one	NUM
ajfa-835	290	11	’	'	PUNCT
ajfa-835	290	12	under	under	ADP
ajfa-835	290	13	null	null	ADJ
ajfa-835	290	14	hypothesis	hypothesis	NOUN
ajfa-835	290	15	.	.	PUNCT
ajfa-835	291	1	if	if	SCONJ
ajfa-835	291	2	for	for	ADP
ajfa-835	291	3	a	a	DET
ajfa-835	291	4	stock	stock	NOUN
ajfa-835	291	5	vr>1	vr>1	NOUN
ajfa-835	291	6	then	then	ADV
ajfa-835	291	7	post	post	VERB
ajfa-835	291	8	inclusion	inclusion	NOUN
ajfa-835	291	9	volume	volume	NOUN
ajfa-835	291	10	is	be	AUX
ajfa-835	291	11	more	more	ADJ
ajfa-835	291	12	than	than	ADP
ajfa-835	291	13	the	the	DET
ajfa-835	291	14	pre	pre	ADJ
ajfa-835	291	15	inclusion	inclusion	NOUN
ajfa-835	291	16	volume	volume	NOUN
ajfa-835	291	17	and	and	CCONJ
ajfa-835	291	18	vice	vice	NOUN
ajfa-835	291	19	versa	versa	ADV
ajfa-835	291	20	.	.	PUNCT
ajfa-835	292	1	the	the	DET
ajfa-835	292	2	quintile	quintile	NOUN
ajfa-835	292	3	ranking	ranking	NOUN
ajfa-835	292	4	is	be	AUX
ajfa-835	292	5	based	base	VERB
ajfa-835	292	6	on	on	ADP
ajfa-835	292	7	vr	vr	PROPN
ajfa-835	292	8	.	.	PUNCT
ajfa-835	293	1	the	the	DET
ajfa-835	293	2	statistical	statistical	ADJ
ajfa-835	293	3	significance	significance	NOUN
ajfa-835	293	4	is	be	AUX
ajfa-835	293	5	tested	test	VERB
ajfa-835	293	6	cross	cross	VERB
ajfa-835	293	7	sectionally	sectionally	ADV
ajfa-835	293	8	using	use	VERB
ajfa-835	293	9	one	one	NUM
ajfa-835	293	10	-	-	PUNCT
ajfa-835	293	11	tailed	tail	VERB
ajfa-835	293	12	t	t	NOUN
ajfa-835	293	13	-	-	PUNCT
ajfa-835	293	14	test	test	NOUN
ajfa-835	293	15	.	.	PUNCT
ajfa-835	294	1	*	*	PUNCT
ajfa-835	294	2	denotes	denote	VERB
ajfa-835	294	3	statistical	statistical	ADJ
ajfa-835	294	4	significance	significance	NOUN
ajfa-835	294	5	at	at	ADP
ajfa-835	294	6	5	5	NUM
ajfa-835	294	7	%	%	NOUN
ajfa-835	294	8	level	level	NOUN
ajfa-835	294	9	.	.	PUNCT
ajfa-835	295	1	further	far	ADV
ajfa-835	295	2	,	,	PUNCT
ajfa-835	295	3	coakley	coakley	NOUN
ajfa-835	295	4	and	and	CCONJ
ajfa-835	295	5	kougalis	kougalis	PROPN
ajfa-835	295	6	(	(	PUNCT
ajfa-835	295	7	2004	2004	NUM
ajfa-835	295	8	)	)	PUNCT
ajfa-835	295	9	considered	consider	VERB
ajfa-835	295	10	the	the	DET
ajfa-835	295	11	bivariate	bivariate	ADJ
ajfa-835	295	12	changes	change	NOUN
ajfa-835	295	13	and	and	CCONJ
ajfa-835	295	14	suggested	suggest	VERB
ajfa-835	295	15	that	that	SCONJ
ajfa-835	295	16	non	non	ADJ
ajfa-835	295	17	-	-	ADJ
ajfa-835	295	18	synchronous	synchronous	ADJ
ajfa-835	295	19	trading	trading	NOUN
ajfa-835	295	20	could	could	AUX
ajfa-835	295	21	explain	explain	VERB
ajfa-835	295	22	the	the	DET
ajfa-835	295	23	results	result	NOUN
ajfa-835	295	24	if	if	SCONJ
ajfa-835	295	25	the	the	DET
ajfa-835	295	26	ratio	ratio	NOUN
ajfa-835	295	27	of	of	ADP
ajfa-835	295	28	absolute	absolute	ADJ
ajfa-835	295	29	increase	increase	NOUN
ajfa-835	295	30	in	in	ADP
ajfa-835	295	31	nifty	nifty	ADJ
ajfa-835	295	32	beta	beta	PROPN
ajfa-835	295	33	βi	βi	PROPN
ajfa-835	295	34	,	,	PUNCT
ajfa-835	295	35	nifty	nifty	ADJ
ajfa-835	295	36	to	to	ADP
ajfa-835	295	37	absolute	absolute	ADJ
ajfa-835	295	38	decrease	decrease	NOUN
ajfa-835	295	39	in	in	ADP
ajfa-835	295	40	nifty	nifty	ADJ
ajfa-835	295	41	junior	junior	ADJ
ajfa-835	295	42	beta	beta	NOUN
ajfa-835	295	43	βi	βi	PROPN
ajfa-835	295	44	,	,	PUNCT
ajfa-835	295	45	niftyjunior	niftyjunior	ADJ
ajfa-835	295	46	is	be	AUX
ajfa-835	295	47	larger	large	ADJ
ajfa-835	295	48	for	for	ADP
ajfa-835	295	49	the	the	DET
ajfa-835	295	50	second	second	ADJ
ajfa-835	295	51	group	group	NOUN
ajfa-835	295	52	in	in	ADP
ajfa-835	295	53	panel	panel	NOUN
ajfa-835	295	54	b	b	PROPN
ajfa-835	295	55	compared	compare	VERB
ajfa-835	295	56	to	to	ADP
ajfa-835	295	57	panel	panel	NOUN
ajfa-835	295	58	a	a	DET
ajfa-835	295	59	in	in	ADP
ajfa-835	295	60	table	table	NOUN
ajfa-835	295	61	3	3	NUM
ajfa-835	295	62	.	.	PUNCT
ajfa-835	296	1	while	while	SCONJ
ajfa-835	296	2	the	the	DET
ajfa-835	296	3	ratio	ratio	NOUN
ajfa-835	296	4	for	for	ADP
ajfa-835	296	5	the	the	DET
ajfa-835	296	6	first	first	ADJ
ajfa-835	296	7	group	group	NOUN
ajfa-835	296	8	(	(	PUNCT
ajfa-835	296	9	panel	panel	NOUN
ajfa-835	296	10	a	a	PRON
ajfa-835	296	11	)	)	PUNCT
ajfa-835	296	12	is	be	AUX
ajfa-835	296	13	0.872	0.872	NUM
ajfa-835	296	14	,	,	PUNCT
ajfa-835	296	15	the	the	DET
ajfa-835	296	16	ratio	ratio	NOUN
ajfa-835	296	17	for	for	ADP
ajfa-835	296	18	the	the	DET
ajfa-835	296	19	second	second	ADJ
ajfa-835	296	20	group	group	NOUN
ajfa-835	296	21	(	(	PUNCT
ajfa-835	296	22	panel	panel	NOUN
ajfa-835	296	23	b	b	X
ajfa-835	296	24	)	)	PUNCT
ajfa-835	296	25	is	be	AUX
ajfa-835	296	26	more	more	ADV
ajfa-835	296	27	than	than	ADP
ajfa-835	296	28	double	double	ADJ
ajfa-835	296	29	at	at	ADP
ajfa-835	296	30	1.672	1.672	NUM
ajfa-835	296	31	(	(	PUNCT
ajfa-835	296	32	almost	almost	ADV
ajfa-835	296	33	100	100	NUM
ajfa-835	296	34	%	%	NOUN
ajfa-835	296	35	increase	increase	NOUN
ajfa-835	296	36	)	)	PUNCT
ajfa-835	296	37	.	.	PUNCT
ajfa-835	297	1	the	the	DET
ajfa-835	297	2	above	above	ADJ
ajfa-835	297	3	result	result	NOUN
ajfa-835	297	4	seems	seem	VERB
ajfa-835	297	5	to	to	PART
ajfa-835	297	6	confirm	confirm	VERB
ajfa-835	297	7	that	that	SCONJ
ajfa-835	297	8	the	the	DET
ajfa-835	297	9	non	non	ADJ
ajfa-835	297	10	-	-	ADJ
ajfa-835	297	11	synchronous	synchronous	ADJ
ajfa-835	297	12	trading	trading	NOUN
ajfa-835	297	13	view	view	NOUN
ajfa-835	297	14	as	as	ADP
ajfa-835	297	15	the	the	DET
ajfa-835	297	16	major	major	ADJ
ajfa-835	297	17	explanation	explanation	NOUN
ajfa-835	297	18	for	for	ADP
ajfa-835	297	19	co	co	NOUN
ajfa-835	297	20	-	-	NOUN
ajfa-835	297	21	movement	movement	NOUN
ajfa-835	297	22	subsequent	subsequent	ADJ
ajfa-835	297	23	to	to	ADP
ajfa-835	297	24	nifty	nifty	ADJ
ajfa-835	297	25	index	index	NOUN
ajfa-835	297	26	changes	change	NOUN
ajfa-835	297	27	.	.	PUNCT
ajfa-835	298	1	4.4	4.4	NUM
ajfa-835	298	2	non	non	ADJ
ajfa-835	298	3	-	-	ADJ
ajfa-835	298	4	synchronous	synchronous	ADJ
ajfa-835	298	5	trading	trading	NOUN
ajfa-835	298	6	and	and	CCONJ
ajfa-835	298	7	auto	auto	NOUN
ajfa-835	298	8	-	-	PUNCT
ajfa-835	298	9	correlations	correlation	NOUN
ajfa-835	298	10	according	accord	VERB
ajfa-835	298	11	to	to	ADP
ajfa-835	298	12	greenwood	greenwood	PROPN
ajfa-835	298	13	and	and	CCONJ
ajfa-835	298	14	sosner	sosner	NOUN
ajfa-835	298	15	(	(	PUNCT
ajfa-835	298	16	2002	2002	NUM
ajfa-835	298	17	)	)	PUNCT
ajfa-835	298	18	,	,	PUNCT
ajfa-835	298	19	pricing	pricing	NOUN
ajfa-835	298	20	effects	effect	NOUN
ajfa-835	298	21	due	due	ADJ
ajfa-835	298	22	to	to	ADP
ajfa-835	298	23	index	index	NOUN
ajfa-835	298	24	trading	trading	NOUN
ajfa-835	298	25	strategies	strategy	NOUN
ajfa-835	298	26	should	should	AUX
ajfa-835	298	27	eventually	eventually	ADV
ajfa-835	298	28	end	end	VERB
ajfa-835	298	29	and	and	CCONJ
ajfa-835	298	30	as	as	ADP
ajfa-835	298	31	a	a	DET
ajfa-835	298	32	result	result	NOUN
ajfa-835	298	33	added	add	VERB
ajfa-835	298	34	stocks	stock	NOUN
ajfa-835	298	35	should	should	AUX
ajfa-835	298	36	co	co	VERB
ajfa-835	298	37	-	-	VERB
ajfa-835	298	38	move	move	VERB
ajfa-835	298	39	strongly	strongly	ADV
ajfa-835	298	40	immediately	immediately	ADV
ajfa-835	298	41	after	after	ADP
ajfa-835	298	42	addition	addition	NOUN
ajfa-835	298	43	but	but	CCONJ
ajfa-835	298	44	later	later	ADV
ajfa-835	298	45	revert	revert	VERB
ajfa-835	298	46	to	to	PART
ajfa-835	298	47	reflect	reflect	VERB
ajfa-835	298	48	fundamentals	fundamental	NOUN
ajfa-835	298	49	.	.	PUNCT
ajfa-835	299	1	he	he	PRON
ajfa-835	299	2	argues	argue	VERB
ajfa-835	299	3	that	that	SCONJ
ajfa-835	299	4	the	the	DET
ajfa-835	299	5	resulting	result	VERB
ajfa-835	299	6	effect	effect	NOUN
ajfa-835	299	7	would	would	AUX
ajfa-835	299	8	be	be	AUX
ajfa-835	299	9	negative	negative	ADJ
ajfa-835	299	10	auto	auto	NOUN
ajfa-835	299	11	-	-	PUNCT
ajfa-835	299	12	correlations	correlation	NOUN
ajfa-835	299	13	for	for	ADP
ajfa-835	299	14	the	the	DET
ajfa-835	299	15	added	add	VERB
ajfa-835	299	16	stocks	stock	NOUN
ajfa-835	299	17	and	and	CCONJ
ajfa-835	299	18	vice	vice	NOUN
ajfa-835	299	19	versa	versa	ADV
ajfa-835	299	20	for	for	ADP
ajfa-835	299	21	deleted	delete	VERB
ajfa-835	299	22	stocks	stock	NOUN
ajfa-835	299	23	.	.	PUNCT
ajfa-835	300	1	coakley	coakley	NOUN
ajfa-835	300	2	et	et	PROPN
ajfa-835	300	3	al(2008	al(2008	PROPN
ajfa-835	300	4	)	)	PUNCT
ajfa-835	300	5	argues	argue	VERB
ajfa-835	300	6	that	that	SCONJ
ajfa-835	300	7	if	if	SCONJ
ajfa-835	300	8	non	non	ADJ
ajfa-835	300	9	-	-	ADJ
ajfa-835	300	10	synchronous	synchronous	ADJ
ajfa-835	300	11	trading	trading	NOUN
ajfa-835	300	12	effects	effect	NOUN
ajfa-835	300	13	dominate	dominate	VERB
ajfa-835	300	14	,	,	PUNCT
ajfa-835	300	15	then	then	ADV
ajfa-835	300	16	the	the	DET
ajfa-835	300	17	autocorrelations	autocorrelation	NOUN
ajfa-835	300	18	of	of	ADP
ajfa-835	300	19	the	the	DET
ajfa-835	300	20	added	add	VERB
ajfa-835	300	21	stocks	stock	NOUN
ajfa-835	300	22	should	should	AUX
ajfa-835	300	23	become	become	VERB
ajfa-835	300	24	more	more	ADV
ajfa-835	300	25	positive	positive	ADJ
ajfa-835	300	26	.	.	PUNCT
ajfa-835	301	1	the	the	DET
ajfa-835	301	2	variance	variance	NOUN
ajfa-835	301	3	ratio	ratio	NOUN
ajfa-835	301	4	test	test	NOUN
ajfa-835	301	5	is	be	AUX
ajfa-835	301	6	used	use	VERB
ajfa-835	301	7	to	to	PART
ajfa-835	301	8	test	test	VERB
ajfa-835	301	9	whether	whether	SCONJ
ajfa-835	301	10	the	the	DET
ajfa-835	301	11	auto	auto	NOUN
ajfa-835	301	12	correlation	correlation	NOUN
ajfa-835	301	13	becomes	become	VERB
ajfa-835	301	14	more	more	ADV
ajfa-835	301	15	negative	negative	ADJ
ajfa-835	301	16	for	for	ADP
ajfa-835	301	17	the	the	DET
ajfa-835	301	18	added	add	VERB
ajfa-835	301	19	stocks	stock	NOUN
ajfa-835	301	20	and	and	CCONJ
ajfa-835	301	21	less	less	ADV
ajfa-835	301	22	negative	negative	ADJ
ajfa-835	301	23	for	for	ADP
ajfa-835	301	24	the	the	DET
ajfa-835	301	25	deleted	delete	VERB
ajfa-835	301	26	stocks	stock	NOUN
ajfa-835	301	27	.	.	PUNCT
ajfa-835	302	1	lo	lo	PROPN
ajfa-835	302	2	a.w	a.w	PROPN
ajfa-835	302	3	.	.	PROPN
ajfa-835	302	4	and	and	CCONJ
ajfa-835	302	5	a.c	a.c	PROPN
ajfa-835	302	6	.	.	PROPN
ajfa-835	302	7	mackinlay(1988	mackinlay(1988	PROPN
ajfa-835	302	8	)	)	PUNCT
ajfa-835	302	9	enunciated	enunciate	VERB
ajfa-835	302	10	the	the	DET
ajfa-835	302	11	powerful	powerful	ADJ
ajfa-835	302	12	variance	variance	NOUN
ajfa-835	302	13	ratio	ratio	NOUN
ajfa-835	302	14	test	test	NOUN
ajfa-835	302	15	which	which	PRON
ajfa-835	302	16	is	be	AUX
ajfa-835	302	17	based	base	VERB
ajfa-835	302	18	on	on	ADP
ajfa-835	302	19	variance	variance	NOUN
ajfa-835	302	20	of	of	ADP
ajfa-835	302	21	returns	return	NOUN
ajfa-835	302	22	and	and	CCONJ
ajfa-835	302	23	have	have	VERB
ajfa-835	302	24	good	good	ADJ
ajfa-835	302	25	size	size	NOUN
ajfa-835	302	26	and	and	CCONJ
ajfa-835	302	27	power	power	NOUN
ajfa-835	302	28	properties	property	NOUN
ajfa-835	302	29	over	over	ADP
ajfa-835	302	30	other	other	ADJ
ajfa-835	302	31	tests	test	NOUN
ajfa-835	302	32	.	.	PUNCT
ajfa-835	303	1	the	the	DET
ajfa-835	303	2	authors	author	NOUN
ajfa-835	303	3	have	have	AUX
ajfa-835	303	4	reviewed	review	VERB
ajfa-835	303	5	the	the	DET
ajfa-835	303	6	overlapping	overlap	VERB
ajfa-835	303	7	variance	variance	NOUN
ajfa-835	303	8	ratio	ratio	NOUN
ajfa-835	303	9	tests	test	NOUN
ajfa-835	303	10	and	and	CCONJ
ajfa-835	303	11	have	have	AUX
ajfa-835	303	12	concluded	conclude	VERB
ajfa-835	303	13	that	that	SCONJ
ajfa-835	303	14	for	for	ADP
ajfa-835	303	15	moderate	moderate	ADJ
ajfa-835	303	16	to	to	ADP
ajfa-835	303	17	large	large	ADJ
ajfa-835	303	18	samples	sample	NOUN
ajfa-835	303	19	and	and	CCONJ
ajfa-835	303	20	proper	proper	ADJ
ajfa-835	303	21	choice	choice	NOUN
ajfa-835	303	22	of	of	ADP
ajfa-835	303	23	holding	hold	VERB
ajfa-835	303	24	period	period	NOUN
ajfa-835	303	25	“	"	PUNCT
ajfa-835	303	26	q	q	NOUN
ajfa-835	303	27	”	"	PUNCT
ajfa-835	303	28	,	,	PUNCT
ajfa-835	303	29	the	the	DET
ajfa-835	303	30	variance	variance	NOUN
ajfa-835	303	31	ratio	ratio	NOUN
ajfa-835	303	32	test	test	NOUN
ajfa-835	303	33	is	be	AUX
ajfa-835	303	34	better	well	ADJ
ajfa-835	303	35	than	than	ADP
ajfa-835	303	36	many	many	ADJ
ajfa-835	303	37	other	other	ADJ
ajfa-835	303	38	similar	similar	ADJ
ajfa-835	303	39	tests	test	NOUN
ajfa-835	303	40	.	.	PUNCT
ajfa-835	304	1	the	the	DET
ajfa-835	304	2	test	test	NOUN
ajfa-835	304	3	is	be	AUX
ajfa-835	304	4	based	base	VERB
ajfa-835	304	5	on	on	ADP
ajfa-835	304	6	the	the	DET
ajfa-835	304	7	fact	fact	NOUN
ajfa-835	304	8	that	that	SCONJ
ajfa-835	304	9	the	the	DET
ajfa-835	304	10	variance	variance	NOUN
ajfa-835	304	11	of	of	ADP
ajfa-835	304	12	the	the	DET
ajfa-835	304	13	increment	increment	NOUN
ajfa-835	304	14	of	of	ADP
ajfa-835	304	15	a	a	DET
ajfa-835	304	16	random	random	ADJ
ajfa-835	304	17	walk	walk	NOUN
ajfa-835	304	18	is	be	AUX
ajfa-835	304	19	linear	linear	ADJ
ajfa-835	304	20	in	in	ADP
ajfa-835	304	21	the	the	DET
ajfa-835	304	22	sampling	sampling	NOUN
ajfa-835	304	23	interval	interval	NOUN
ajfa-835	304	24	.	.	PUNCT
ajfa-835	305	1	this	this	DET
ajfa-835	305	2	statistic	statistic	NOUN
ajfa-835	305	3	compares	compare	VERB
ajfa-835	305	4	one	one	NUM
ajfa-835	305	5	period	period	NOUN
ajfa-835	305	6	return	return	NOUN
ajfa-835	305	7	with	with	ADP
ajfa-835	305	8	longer	long	ADJ
ajfa-835	305	9	period	period	NOUN
ajfa-835	305	10	returns	return	NOUN
ajfa-835	305	11	.	.	PUNCT
ajfa-835	306	1	the	the	DET
ajfa-835	306	2	variance	variance	NOUN
ajfa-835	306	3	ratio	ratio	NOUN
ajfa-835	306	4	less	less	ADJ
ajfa-835	306	5	than	than	ADP
ajfa-835	306	6	/	/	SYM
ajfa-835	306	7	more	more	ADJ
ajfa-835	306	8	than	than	ADP
ajfa-835	306	9	‘	'	PUNCT
ajfa-835	306	10	1	1	NUM
ajfa-835	306	11	’	'	PUNCT
ajfa-835	306	12	represents	represent	VERB
ajfa-835	306	13	negative	negative	ADJ
ajfa-835	306	14	/	/	SYM
ajfa-835	306	15	positive	positive	ADJ
ajfa-835	306	16	auto	auto	NOUN
ajfa-835	306	17	correlation	correlation	NOUN
ajfa-835	306	18	respectively	respectively	ADV
ajfa-835	306	19	.	.	PUNCT
ajfa-835	307	1	asian	asian	ADJ
ajfa-835	307	2	journal	journal	PROPN
ajfa-835	307	3	of	of	ADP
ajfa-835	307	4	finance	finance	PROPN
ajfa-835	307	5	&	&	CCONJ
ajfa-835	307	6	accounting	accounting	PROPN
ajfa-835	307	7	issn	issn	PROPN
ajfa-835	307	8	1946	1946	NUM
ajfa-835	307	9	-	-	PUNCT
ajfa-835	307	10	052x	052x	NOUN
ajfa-835	307	11	2011	2011	NUM
ajfa-835	307	12	,	,	PUNCT
ajfa-835	307	13	vol	vol	NOUN
ajfa-835	307	14	.	.	PROPN
ajfa-835	308	1	3	3	NUM
ajfa-835	308	2	,	,	PUNCT
ajfa-835	308	3	no	no	INTJ
ajfa-835	308	4	.	.	NOUN
ajfa-835	308	5	1	1	NUM
ajfa-835	308	6	:	:	PUNCT
ajfa-835	308	7	e12	e12	NOUN
ajfa-835	308	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	308	9	201	201	NUM
ajfa-835	308	10	table	table	NOUN
ajfa-835	308	11	5	5	NUM
ajfa-835	308	12	.	.	X
ajfa-835	308	13	autocorrelation	autocorrelation	NOUN
ajfa-835	308	14	between	between	ADP
ajfa-835	308	15	a	a	DET
ajfa-835	308	16	stocks	stock	NOUN
ajfa-835	308	17	'	'	PART
ajfa-835	308	18	current	current	ADJ
ajfa-835	308	19	return	return	NOUN
ajfa-835	308	20	to	to	ADP
ajfa-835	308	21	its	its	PRON
ajfa-835	308	22	past	past	ADJ
ajfa-835	308	23	return	return	NOUN
ajfa-835	308	24	for	for	ADP
ajfa-835	308	25	stocks	stock	NOUN
ajfa-835	308	26	added	add	VERB
ajfa-835	308	27	/	/	SYM
ajfa-835	308	28	deleted	delete	VERB
ajfa-835	308	29	to	to	ADP
ajfa-835	308	30	/	/	SYM
ajfa-835	308	31	from	from	ADP
ajfa-835	308	32	nifty	nifty	ADJ
ajfa-835	308	33	index	index	NOUN
ajfa-835	308	34	for	for	ADP
ajfa-835	308	35	the	the	DET
ajfa-835	308	36	1999	1999	NUM
ajfa-835	308	37	-	-	SYM
ajfa-835	308	38	2010	2010	NUM
ajfa-835	308	39	period	period	NOUN
ajfa-835	308	40	using	use	VERB
ajfa-835	308	41	variance	variance	NOUN
ajfa-835	308	42	ratio	ratio	NOUN
ajfa-835	308	43	.	.	PUNCT
ajfa-835	309	1	addition	addition	NOUN
ajfa-835	309	2	n=40	n=40	PROPN
ajfa-835	309	3	pre	pre	ADJ
ajfa-835	309	4	event	event	NOUN
ajfa-835	309	5	post	post	NOUN
ajfa-835	309	6	event	event	NOUN
ajfa-835	309	7	difference	difference	NOUN
ajfa-835	309	8	mean	mean	VERB
ajfa-835	309	9	variance	variance	NOUN
ajfa-835	309	10	ratio16	ratio16	NOUN
ajfa-835	309	11	at	at	ADP
ajfa-835	309	12	q	q	NOUN
ajfa-835	309	13	=	=	SYM
ajfa-835	310	1	2	2	NUM
ajfa-835	310	2	q	q	NOUN
ajfa-835	310	3	=	=	SYM
ajfa-835	310	4	5	5	NUM
ajfa-835	310	5	q	q	NOUN
ajfa-835	310	6	=	=	SYM
ajfa-835	310	7	2	2	NUM
ajfa-835	310	8	q	q	NOUN
ajfa-835	310	9	=	=	SYM
ajfa-835	310	10	5	5	NUM
ajfa-835	310	11	q	q	NOUN
ajfa-835	310	12	=	=	SYM
ajfa-835	310	13	2	2	NUM
ajfa-835	310	14	q	q	NOUN
ajfa-835	310	15	=	=	SYM
ajfa-835	310	16	5	5	NUM
ajfa-835	310	17	period	period	NOUN
ajfa-835	310	18	1999	1999	NUM
ajfa-835	310	19	-	-	SYM
ajfa-835	310	20	2010	2010	NUM
ajfa-835	310	21	1.041	1.041	NUM
ajfa-835	310	22	1.027	1.027	NUM
ajfa-835	310	23	1.048	1.048	NUM
ajfa-835	310	24	1.048	1.048	NUM
ajfa-835	310	25	0.63	0.63	NUM
ajfa-835	310	26	%	%	NOUN
ajfa-835	310	27	2.02	2.02	NUM
ajfa-835	310	28	%	%	NOUN
ajfa-835	310	29	sub	sub	NOUN
ajfa-835	310	30	period	period	NOUN
ajfa-835	310	31	1999	1999	NUM
ajfa-835	310	32	-	-	SYM
ajfa-835	310	33	2006	2006	NUM
ajfa-835	310	34	1.037	1.037	NUM
ajfa-835	310	35	1.029	1.029	NUM
ajfa-835	310	36	1.067	1.067	NUM
ajfa-835	310	37	1.065	1.065	NUM
ajfa-835	310	38	2.33	2.33	NUM
ajfa-835	310	39	%	%	NOUN
ajfa-835	310	40	3.45	3.45	NUM
ajfa-835	310	41	%	%	NOUN
ajfa-835	310	42	sub	sub	NOUN
ajfa-835	310	43	period	period	NOUN
ajfa-835	310	44	2007	2007	NUM
ajfa-835	310	45	-	-	SYM
ajfa-835	310	46	2010	2010	NUM
ajfa-835	310	47	1.049	1.049	NUM
ajfa-835	310	48	1.024	1.024	NUM
ajfa-835	310	49	1.026	1.026	NUM
ajfa-835	310	50	1.020	1.020	NUM
ajfa-835	310	51	-2.19	-2.19	NUM
ajfa-835	310	52	%	%	NOUN
ajfa-835	310	53	0.38	0.38	NUM
ajfa-835	310	54	%	%	NOUN
ajfa-835	310	55	deletion	deletion	NOUN
ajfa-835	310	56	n=30	n=30	NOUN
ajfa-835	310	57	pre	pre	X
ajfa-835	311	1	event	event	PROPN
ajfa-835	311	2	post	post	NOUN
ajfa-835	311	3	event	event	NOUN
ajfa-835	311	4	difference	difference	NOUN
ajfa-835	311	5	mean	mean	VERB
ajfa-835	311	6	variance	variance	NOUN
ajfa-835	311	7	ratio	ratio	NOUN
ajfa-835	311	8	at	at	ADP
ajfa-835	311	9	q	q	NOUN
ajfa-835	311	10	=	=	SYM
ajfa-835	311	11	2	2	NUM
ajfa-835	311	12	q	q	NOUN
ajfa-835	311	13	=	=	SYM
ajfa-835	311	14	5	5	NUM
ajfa-835	311	15	q	q	NOUN
ajfa-835	311	16	=	=	SYM
ajfa-835	311	17	2	2	NUM
ajfa-835	311	18	q	q	NOUN
ajfa-835	311	19	=	=	SYM
ajfa-835	311	20	5	5	NUM
ajfa-835	311	21	q	q	NOUN
ajfa-835	311	22	=	=	SYM
ajfa-835	311	23	2	2	NUM
ajfa-835	311	24	q	q	NOUN
ajfa-835	311	25	=	=	SYM
ajfa-835	311	26	5	5	NUM
ajfa-835	311	27	period	period	NOUN
ajfa-835	311	28	1999	1999	NUM
ajfa-835	311	29	-	-	SYM
ajfa-835	311	30	2010	2010	NUM
ajfa-835	311	31	1.009	1.009	NUM
ajfa-835	311	32	1.013	1.013	NUM
ajfa-835	311	33	1.046	1.046	NUM
ajfa-835	311	34	1.068	1.068	NUM
ajfa-835	311	35	3.72	3.72	NUM
ajfa-835	311	36	%	%	NOUN
ajfa-835	311	37	5.45	5.45	NUM
ajfa-835	311	38	%	%	NOUN
ajfa-835	311	39	sub	sub	NOUN
ajfa-835	311	40	period	period	NOUN
ajfa-835	311	41	1999	1999	NUM
ajfa-835	311	42	-	-	SYM
ajfa-835	311	43	2006	2006	NUM
ajfa-835	311	44	1.008	1.008	NUM
ajfa-835	311	45	0.996	0.996	NUM
ajfa-835	311	46	1.052	1.052	NUM
ajfa-835	311	47	1.071	1.071	NUM
ajfa-835	311	48	4.42	4.42	NUM
ajfa-835	311	49	%	%	NOUN
ajfa-835	311	50	7.56	7.56	NUM
ajfa-835	311	51	%	%	NOUN
ajfa-835	311	52	sub	sub	NOUN
ajfa-835	311	53	period	period	NOUN
ajfa-835	311	54	2007	2007	NUM
ajfa-835	311	55	-	-	SYM
ajfa-835	311	56	2010	2010	NUM
ajfa-835	311	57	1.011	1.011	NUM
ajfa-835	311	58	1.041	1.041	NUM
ajfa-835	311	59	1.036	1.036	NUM
ajfa-835	311	60	1.062	1.062	NUM
ajfa-835	311	61	2.50	2.50	NUM
ajfa-835	311	62	%	%	NOUN
ajfa-835	311	63	1.98	1.98	NUM
ajfa-835	311	64	%	%	NOUN
ajfa-835	311	65	the	the	DET
ajfa-835	311	66	sample	sample	NOUN
ajfa-835	311	67	of	of	ADP
ajfa-835	311	68	addition	addition	NOUN
ajfa-835	311	69	to	to	ADP
ajfa-835	311	70	nifty	nifty	ADJ
ajfa-835	311	71	index	index	NOUN
ajfa-835	311	72	for	for	ADP
ajfa-835	311	73	the	the	DET
ajfa-835	311	74	period	period	NOUN
ajfa-835	311	75	1999	1999	NUM
ajfa-835	311	76	-	-	SYM
ajfa-835	311	77	2010	2010	NUM
ajfa-835	311	78	consists	consist	VERB
ajfa-835	311	79	of	of	ADP
ajfa-835	311	80	40	40	NUM
ajfa-835	311	81	added	add	VERB
ajfa-835	311	82	stocks	stock	NOUN
ajfa-835	311	83	and	and	CCONJ
ajfa-835	311	84	30	30	NUM
ajfa-835	311	85	deleted	delete	VERB
ajfa-835	311	86	stocks	stock	NOUN
ajfa-835	311	87	which	which	PRON
ajfa-835	311	88	are	be	AUX
ajfa-835	311	89	not	not	PART
ajfa-835	311	90	involved	involve	VERB
ajfa-835	311	91	in	in	ADP
ajfa-835	311	92	mergers	merger	NOUN
ajfa-835	311	93	and	and	CCONJ
ajfa-835	311	94	related	related	ADJ
ajfa-835	311	95	events	event	NOUN
ajfa-835	311	96	and	and	CCONJ
ajfa-835	311	97	have	have	VERB
ajfa-835	311	98	sufficient	sufficient	ADJ
ajfa-835	311	99	daily	daily	ADJ
ajfa-835	311	100	data	datum	NOUN
ajfa-835	311	101	.	.	PUNCT
ajfa-835	312	1	for	for	ADP
ajfa-835	312	2	each	each	DET
ajfa-835	312	3	added	add	VERB
ajfa-835	312	4	/	/	SYM
ajfa-835	312	5	deleted	delete	VERB
ajfa-835	312	6	stock	stock	NOUN
ajfa-835	312	7	the	the	DET
ajfa-835	312	8	autocorrelation	autocorrelation	NOUN
ajfa-835	312	9	between	between	ADP
ajfa-835	312	10	the	the	DET
ajfa-835	312	11	current	current	ADJ
ajfa-835	312	12	period	period	NOUN
ajfa-835	312	13	stock	stock	NOUN
ajfa-835	312	14	returns	return	NOUN
ajfa-835	312	15	and	and	CCONJ
ajfa-835	312	16	earlier	early	ADJ
ajfa-835	312	17	period	period	NOUN
ajfa-835	312	18	stock	stock	NOUN
ajfa-835	312	19	returns	return	NOUN
ajfa-835	312	20	are	be	AUX
ajfa-835	312	21	estimated	estimate	VERB
ajfa-835	312	22	for	for	ADP
ajfa-835	312	23	both	both	CCONJ
ajfa-835	312	24	the	the	DET
ajfa-835	312	25	pre	pre	NOUN
ajfa-835	312	26	-	-	NOUN
ajfa-835	312	27	change	change	NOUN
ajfa-835	312	28	and	and	CCONJ
ajfa-835	312	29	post	post	ADJ
ajfa-835	312	30	-	-	ADJ
ajfa-835	312	31	change	change	ADJ
ajfa-835	312	32	period	period	NOUN
ajfa-835	312	33	using	use	VERB
ajfa-835	312	34	daily	daily	ADJ
ajfa-835	312	35	data(daily	data(daily	ADV
ajfa-835	312	36	log	log	VERB
ajfa-835	312	37	returns	return	NOUN
ajfa-835	312	38	)	)	PUNCT
ajfa-835	312	39	for	for	ADP
ajfa-835	312	40	the	the	DET
ajfa-835	312	41	period	period	NOUN
ajfa-835	312	42	ad-130	ad-130	NOUN
ajfa-835	312	43	to	to	ADP
ajfa-835	312	44	ad-10	ad-10	PRON
ajfa-835	312	45	and	and	CCONJ
ajfa-835	312	46	period	period	NOUN
ajfa-835	312	47	ed+10	ed+10	PROPN
ajfa-835	312	48	to	to	ADP
ajfa-835	312	49	ed+130	ed+130	PROPN
ajfa-835	312	50	respectively(120	respectively(120	ADJ
ajfa-835	312	51	trading	trading	NOUN
ajfa-835	312	52	days	day	NOUN
ajfa-835	312	53	)	)	PUNCT
ajfa-835	312	54	using	use	VERB
ajfa-835	312	55	variance	variance	NOUN
ajfa-835	312	56	ratio	ratio	NOUN
ajfa-835	312	57	.	.	PUNCT
ajfa-835	313	1	the	the	DET
ajfa-835	313	2	variance	variance	NOUN
ajfa-835	313	3	ratio	ratio	NOUN
ajfa-835	313	4	of	of	ADP
ajfa-835	313	5	‘	'	PUNCT
ajfa-835	313	6	1	1	NUM
ajfa-835	313	7	’	'	PUNCT
ajfa-835	313	8	indicated	indicate	VERB
ajfa-835	313	9	zero	zero	NUM
ajfa-835	313	10	auto	auto	NOUN
ajfa-835	313	11	correlation	correlation	NOUN
ajfa-835	313	12	.	.	PUNCT
ajfa-835	314	1	variance	variance	NOUN
ajfa-835	314	2	ratio	ratio	NOUN
ajfa-835	314	3	>	>	X
ajfa-835	314	4	1	1	NUM
ajfa-835	314	5	implies	imply	VERB
ajfa-835	314	6	positive	positive	ADJ
ajfa-835	314	7	autocorrelation	autocorrelation	NOUN
ajfa-835	314	8	and	and	CCONJ
ajfa-835	314	9	variance	variance	NOUN
ajfa-835	314	10	ratio	ratio	NOUN
ajfa-835	314	11	<	<	X
ajfa-835	314	12	1	1	NUM
ajfa-835	314	13	implies	imply	VERB
ajfa-835	314	14	negative	negative	ADJ
ajfa-835	314	15	autocorrelation	autocorrelation	NOUN
ajfa-835	314	16	.	.	PUNCT
ajfa-835	315	1	table	table	NOUN
ajfa-835	315	2	5	5	NUM
ajfa-835	315	3	reports	report	VERB
ajfa-835	315	4	the	the	DET
ajfa-835	315	5	variance	variance	NOUN
ajfa-835	315	6	ratio	ratio	NOUN
ajfa-835	315	7	statistic	statistic	NOUN
ajfa-835	315	8	calculated	calculate	VERB
ajfa-835	315	9	for	for	ADP
ajfa-835	315	10	each	each	DET
ajfa-835	315	11	added	add	VERB
ajfa-835	315	12	/	/	SYM
ajfa-835	315	13	deleted	delete	VERB
ajfa-835	315	14	stock	stock	NOUN
ajfa-835	315	15	for	for	ADP
ajfa-835	315	16	holding	hold	VERB
ajfa-835	315	17	periods	period	NOUN
ajfa-835	315	18	q	q	NOUN
ajfa-835	316	1	=	=	SYM
ajfa-835	316	2	2	2	NUM
ajfa-835	316	3	,	,	PUNCT
ajfa-835	316	4	5	5	NUM
ajfa-835	316	5	.	.	PUNCT
ajfa-835	316	6	both	both	CCONJ
ajfa-835	316	7	the	the	DET
ajfa-835	316	8	pre	pre	NOUN
ajfa-835	316	9	-	-	NOUN
ajfa-835	316	10	change	change	NOUN
ajfa-835	316	11	and	and	CCONJ
ajfa-835	316	12	post	post	ADJ
ajfa-835	316	13	-	-	ADJ
ajfa-835	316	14	change	change	ADJ
ajfa-835	316	15	periods	period	NOUN
ajfa-835	316	16	use	use	VERB
ajfa-835	316	17	120	120	NUM
ajfa-835	316	18	trading	trading	NOUN
ajfa-835	316	19	days	day	NOUN
ajfa-835	316	20	each	each	PRON
ajfa-835	316	21	as	as	ADP
ajfa-835	316	22	the	the	DET
ajfa-835	316	23	variance	variance	NOUN
ajfa-835	316	24	ratio	ratio	NOUN
ajfa-835	316	25	is	be	AUX
ajfa-835	316	26	a	a	DET
ajfa-835	316	27	powerful	powerful	ADJ
ajfa-835	316	28	test	test	NOUN
ajfa-835	316	29	in	in	ADP
ajfa-835	316	30	moderate	moderate	ADJ
ajfa-835	316	31	and	and	CCONJ
ajfa-835	316	32	large	large	ADJ
ajfa-835	316	33	samples	sample	NOUN
ajfa-835	316	34	.	.	PUNCT
ajfa-835	317	1	the	the	DET
ajfa-835	317	2	results	result	NOUN
ajfa-835	317	3	for	for	ADP
ajfa-835	317	4	the	the	DET
ajfa-835	317	5	included	include	VERB
ajfa-835	317	6	stocks	stock	NOUN
ajfa-835	317	7	show	show	VERB
ajfa-835	317	8	an	an	DET
ajfa-835	317	9	increase	increase	NOUN
ajfa-835	317	10	in	in	ADP
ajfa-835	317	11	mean	mean	ADJ
ajfa-835	317	12	auto	auto	NOUN
ajfa-835	317	13	correlation	correlation	NOUN
ajfa-835	317	14	contrary	contrary	ADJ
ajfa-835	317	15	to	to	ADP
ajfa-835	317	16	the	the	DET
ajfa-835	317	17	predictions	prediction	NOUN
ajfa-835	317	18	of	of	ADP
ajfa-835	317	19	the	the	DET
ajfa-835	317	20	price	price	NOUN
ajfa-835	317	21	pressure	pressure	NOUN
ajfa-835	317	22	/	/	SYM
ajfa-835	317	23	index	index	NOUN
ajfa-835	317	24	trading	trading	NOUN
ajfa-835	317	25	strategies	strategy	NOUN
ajfa-835	317	26	.	.	PUNCT
ajfa-835	318	1	the	the	DET
ajfa-835	318	2	first	first	ADJ
ajfa-835	318	3	order	order	NOUN
ajfa-835	318	4	auto	auto	NOUN
ajfa-835	318	5	-	-	PUNCT
ajfa-835	318	6	correlation	correlation	NOUN
ajfa-835	318	7	at	at	ADP
ajfa-835	318	8	holding	hold	VERB
ajfa-835	318	9	period	period	NOUN
ajfa-835	318	10	q=2	q=2	NOUN
ajfa-835	318	11	and	and	CCONJ
ajfa-835	318	12	week	week	NOUN
ajfa-835	318	13	long	long	ADV
ajfa-835	318	14	q=5	q=5	PRON
ajfa-835	318	15	increase	increase	VERB
ajfa-835	318	16	by	by	ADP
ajfa-835	318	17	0.63	0.63	NUM
ajfa-835	318	18	%	%	NOUN
ajfa-835	318	19	and	and	CCONJ
ajfa-835	318	20	2.02	2.02	NUM
ajfa-835	318	21	%	%	NOUN
ajfa-835	318	22	respectively	respectively	ADV
ajfa-835	318	23	for	for	ADP
ajfa-835	318	24	the	the	DET
ajfa-835	318	25	complete	complete	ADJ
ajfa-835	318	26	period	period	NOUN
ajfa-835	318	27	.	.	PUNCT
ajfa-835	319	1	for	for	ADP
ajfa-835	319	2	the	the	DET
ajfa-835	319	3	first	first	ADJ
ajfa-835	319	4	sub	sub	NOUN
ajfa-835	319	5	period	period	NOUN
ajfa-835	319	6	the	the	DET
ajfa-835	319	7	results	result	NOUN
ajfa-835	319	8	are	be	AUX
ajfa-835	319	9	similar	similar	ADJ
ajfa-835	319	10	to	to	ADP
ajfa-835	319	11	the	the	DET
ajfa-835	319	12	complete	complete	ADJ
ajfa-835	319	13	period	period	NOUN
ajfa-835	319	14	but	but	CCONJ
ajfa-835	319	15	for	for	ADP
ajfa-835	319	16	the	the	DET
ajfa-835	319	17	second	second	ADJ
ajfa-835	319	18	recent	recent	ADJ
ajfa-835	319	19	sub	sub	NOUN
ajfa-835	319	20	-	-	NOUN
ajfa-835	319	21	period	period	NOUN
ajfa-835	319	22	there	there	PRON
ajfa-835	319	23	is	be	VERB
ajfa-835	319	24	marginal	marginal	ADJ
ajfa-835	319	25	reduction	reduction	NOUN
ajfa-835	319	26	in	in	ADP
ajfa-835	319	27	the	the	DET
ajfa-835	319	28	autocorrelations	autocorrelation	NOUN
ajfa-835	319	29	.	.	PUNCT
ajfa-835	320	1	16	16	NUM
ajfa-835	321	1	the	the	DET
ajfa-835	321	2	median	median	ADJ
ajfa-835	321	3	values	value	NOUN
ajfa-835	321	4	suggest	suggest	VERB
ajfa-835	321	5	even	even	ADV
ajfa-835	321	6	stronger	strong	ADJ
ajfa-835	321	7	increases	increase	NOUN
ajfa-835	321	8	in	in	ADP
ajfa-835	321	9	the	the	DET
ajfa-835	321	10	complete	complete	ADJ
ajfa-835	321	11	period	period	NOUN
ajfa-835	321	12	and	and	CCONJ
ajfa-835	321	13	both	both	CCONJ
ajfa-835	321	14	the	the	DET
ajfa-835	321	15	sub	sub	NOUN
ajfa-835	321	16	periods	period	NOUN
ajfa-835	321	17	for	for	ADP
ajfa-835	321	18	the	the	DET
ajfa-835	321	19	added	add	VERB
ajfa-835	321	20	/	/	SYM
ajfa-835	321	21	deleted	delete	VERB
ajfa-835	321	22	stocks	stock	NOUN
ajfa-835	321	23	.	.	PUNCT
ajfa-835	322	1	ex	ex	X
ajfa-835	322	2	.	.	PROPN
ajfa-835	322	3	for	for	ADP
ajfa-835	322	4	added	add	VERB
ajfa-835	322	5	stocks	stock	NOUN
ajfa-835	322	6	,	,	PUNCT
ajfa-835	322	7	for	for	ADP
ajfa-835	322	8	the	the	DET
ajfa-835	322	9	second	second	ADJ
ajfa-835	322	10	sub	sub	NOUN
ajfa-835	322	11	period	period	NOUN
ajfa-835	322	12	,	,	PUNCT
ajfa-835	322	13	auto	auto	NOUN
ajfa-835	322	14	correlation	correlation	NOUN
ajfa-835	322	15	increases	increase	VERB
ajfa-835	322	16	at	at	ADP
ajfa-835	322	17	all	all	DET
ajfa-835	322	18	lags	lag	NOUN
ajfa-835	322	19	.	.	PUNCT
ajfa-835	323	1	vr	vr	PROPN
ajfa-835	323	2	was	be	AUX
ajfa-835	323	3	not	not	PART
ajfa-835	323	4	calculated	calculate	VERB
ajfa-835	323	5	for	for	ADP
ajfa-835	323	6	one	one	NUM
ajfa-835	323	7	stock	stock	NOUN
ajfa-835	323	8	as	as	SCONJ
ajfa-835	323	9	it	it	PRON
ajfa-835	323	10	had	have	VERB
ajfa-835	323	11	only	only	ADV
ajfa-835	323	12	prechange	prechange	NOUN
ajfa-835	323	13	period	period	NOUN
ajfa-835	323	14	of	of	ADP
ajfa-835	323	15	only	only	ADV
ajfa-835	323	16	60	60	NUM
ajfa-835	323	17	days	day	NOUN
ajfa-835	323	18	asian	asian	ADJ
ajfa-835	323	19	journal	journal	NOUN
ajfa-835	323	20	of	of	ADP
ajfa-835	323	21	finance	finance	PROPN
ajfa-835	323	22	&	&	CCONJ
ajfa-835	323	23	accounting	accounting	PROPN
ajfa-835	323	24	issn	issn	PROPN
ajfa-835	323	25	1946	1946	NUM
ajfa-835	323	26	-	-	PUNCT
ajfa-835	323	27	052x	052x	NOUN
ajfa-835	323	28	2011	2011	NUM
ajfa-835	323	29	,	,	PUNCT
ajfa-835	323	30	vol	vol	NOUN
ajfa-835	323	31	.	.	PROPN
ajfa-835	324	1	3	3	NUM
ajfa-835	324	2	,	,	PUNCT
ajfa-835	324	3	no	no	INTJ
ajfa-835	324	4	.	.	NOUN
ajfa-835	324	5	1	1	NUM
ajfa-835	324	6	:	:	PUNCT
ajfa-835	324	7	e12	e12	VERB
ajfa-835	324	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	324	9	202	202	NUM
ajfa-835	324	10	the	the	DET
ajfa-835	324	11	results	result	NOUN
ajfa-835	324	12	for	for	ADP
ajfa-835	324	13	the	the	DET
ajfa-835	324	14	deleted	delete	VERB
ajfa-835	324	15	stocks	stock	NOUN
ajfa-835	324	16	show	show	VERB
ajfa-835	324	17	that	that	SCONJ
ajfa-835	324	18	the	the	DET
ajfa-835	324	19	autocorrelation	autocorrelation	NOUN
ajfa-835	324	20	increases	increase	VERB
ajfa-835	324	21	between	between	ADP
ajfa-835	324	22	pre	pre	ADJ
ajfa-835	324	23	and	and	CCONJ
ajfa-835	324	24	post	post	VERB
ajfa-835	324	25	event	event	NOUN
ajfa-835	324	26	for	for	ADP
ajfa-835	324	27	complete	complete	ADJ
ajfa-835	324	28	period	period	NOUN
ajfa-835	324	29	and	and	CCONJ
ajfa-835	324	30	both	both	CCONJ
ajfa-835	324	31	the	the	DET
ajfa-835	324	32	sub	sub	NOUN
ajfa-835	324	33	periods	period	NOUN
ajfa-835	324	34	.	.	PUNCT
ajfa-835	325	1	the	the	DET
ajfa-835	325	2	first	first	ADJ
ajfa-835	325	3	order	order	NOUN
ajfa-835	325	4	auto	auto	NOUN
ajfa-835	325	5	correlation	correlation	NOUN
ajfa-835	325	6	increases	increase	NOUN
ajfa-835	325	7	by	by	ADP
ajfa-835	325	8	3.72	3.72	NUM
ajfa-835	325	9	%	%	NOUN
ajfa-835	325	10	and	and	CCONJ
ajfa-835	325	11	weeklong	weeklong	ADJ
ajfa-835	325	12	auto	auto	NOUN
ajfa-835	325	13	-	-	PUNCT
ajfa-835	325	14	correlation	correlation	NOUN
ajfa-835	325	15	increases	increase	NOUN
ajfa-835	325	16	by	by	ADP
ajfa-835	325	17	5.45	5.45	NUM
ajfa-835	325	18	%	%	NOUN
ajfa-835	325	19	for	for	ADP
ajfa-835	325	20	the	the	DET
ajfa-835	325	21	complete	complete	ADJ
ajfa-835	325	22	period	period	NOUN
ajfa-835	325	23	.	.	PUNCT
ajfa-835	326	1	though	though	SCONJ
ajfa-835	326	2	the	the	DET
ajfa-835	326	3	changes	change	NOUN
ajfa-835	326	4	between	between	ADP
ajfa-835	326	5	the	the	DET
ajfa-835	326	6	pre	pre	ADJ
ajfa-835	326	7	change	change	NOUN
ajfa-835	326	8	and	and	CCONJ
ajfa-835	326	9	post	post	VERB
ajfa-835	326	10	change	change	NOUN
ajfa-835	326	11	auto	auto	NOUN
ajfa-835	326	12	correlations	correlation	NOUN
ajfa-835	326	13	are	be	AUX
ajfa-835	326	14	not	not	PART
ajfa-835	326	15	statistically	statistically	ADV
ajfa-835	326	16	significant17	significant17	NOUN
ajfa-835	326	17	for	for	ADP
ajfa-835	326	18	both	both	CCONJ
ajfa-835	326	19	the	the	DET
ajfa-835	326	20	additions	addition	NOUN
ajfa-835	326	21	and	and	CCONJ
ajfa-835	326	22	deletion	deletion	NOUN
ajfa-835	326	23	for	for	ADP
ajfa-835	326	24	all	all	DET
ajfa-835	326	25	the	the	DET
ajfa-835	326	26	holding	hold	VERB
ajfa-835	326	27	periods18	periods18	NOUN
ajfa-835	326	28	,	,	PUNCT
ajfa-835	326	29	the	the	DET
ajfa-835	326	30	results	result	NOUN
ajfa-835	326	31	for	for	ADP
ajfa-835	326	32	the	the	DET
ajfa-835	326	33	additions	addition	NOUN
ajfa-835	326	34	do	do	AUX
ajfa-835	326	35	not	not	PART
ajfa-835	326	36	support	support	VERB
ajfa-835	326	37	the	the	DET
ajfa-835	326	38	price	price	NOUN
ajfa-835	326	39	pressure	pressure	NOUN
ajfa-835	326	40	/	/	SYM
ajfa-835	326	41	index	index	NOUN
ajfa-835	326	42	trading	trading	NOUN
ajfa-835	326	43	explanations	explanation	NOUN
ajfa-835	326	44	as	as	ADP
ajfa-835	326	45	the	the	DET
ajfa-835	326	46	explanation	explanation	NOUN
ajfa-835	326	47	for	for	ADP
ajfa-835	326	48	the	the	DET
ajfa-835	326	49	co	co	NOUN
ajfa-835	326	50	-	-	NOUN
ajfa-835	326	51	movement	movement	NOUN
ajfa-835	326	52	subsequent	subsequent	ADJ
ajfa-835	326	53	to	to	ADP
ajfa-835	326	54	index	index	NOUN
ajfa-835	326	55	additions	addition	NOUN
ajfa-835	326	56	.	.	PUNCT
ajfa-835	327	1	this	this	DET
ajfa-835	327	2	result	result	NOUN
ajfa-835	327	3	seen	see	VERB
ajfa-835	327	4	along	along	ADP
ajfa-835	327	5	with	with	ADP
ajfa-835	327	6	the	the	DET
ajfa-835	327	7	other	other	ADJ
ajfa-835	327	8	results	result	NOUN
ajfa-835	327	9	for	for	ADP
ajfa-835	327	10	slow	slow	ADJ
ajfa-835	327	11	information	information	NOUN
ajfa-835	327	12	diffusion	diffusion	NOUN
ajfa-835	327	13	and	and	CCONJ
ajfa-835	327	14	non	non	ADJ
ajfa-835	327	15	-	-	ADJ
ajfa-835	327	16	synchronous	synchronous	ADJ
ajfa-835	327	17	trading	trading	NOUN
ajfa-835	327	18	appears	appear	VERB
ajfa-835	327	19	to	to	PART
ajfa-835	327	20	suggest	suggest	VERB
ajfa-835	327	21	that	that	SCONJ
ajfa-835	327	22	the	the	DET
ajfa-835	327	23	information	information	NOUN
ajfa-835	327	24	related	relate	VERB
ajfa-835	327	25	explanations	explanation	NOUN
ajfa-835	327	26	rather	rather	ADV
ajfa-835	327	27	than	than	ADP
ajfa-835	327	28	the	the	DET
ajfa-835	327	29	trading	trading	NOUN
ajfa-835	327	30	based	base	VERB
ajfa-835	327	31	explanations	explanation	NOUN
ajfa-835	327	32	explain	explain	VERB
ajfa-835	327	33	the	the	DET
ajfa-835	327	34	nifty	nifty	ADJ
ajfa-835	327	35	index	index	NOUN
ajfa-835	327	36	changes	change	NOUN
ajfa-835	327	37	after	after	ADP
ajfa-835	327	38	addition	addition	NOUN
ajfa-835	327	39	to	to	ADP
ajfa-835	327	40	or	or	CCONJ
ajfa-835	327	41	deletion	deletion	NOUN
ajfa-835	327	42	from	from	ADP
ajfa-835	327	43	the	the	DET
ajfa-835	327	44	nifty	nifty	ADJ
ajfa-835	327	45	index	index	NOUN
ajfa-835	327	46	during	during	ADP
ajfa-835	327	47	the	the	DET
ajfa-835	327	48	period	period	NOUN
ajfa-835	327	49	1999	1999	NUM
ajfa-835	327	50	-	-	SYM
ajfa-835	327	51	2010	2010	NUM
ajfa-835	327	52	.	.	PUNCT
ajfa-835	328	1	5	5	NUM
ajfa-835	328	2	.	.	X
ajfa-835	328	3	conclusion	conclusion	NOUN
ajfa-835	328	4	this	this	DET
ajfa-835	328	5	study	study	NOUN
ajfa-835	328	6	set	set	VERB
ajfa-835	328	7	out	out	ADP
ajfa-835	328	8	to	to	PART
ajfa-835	328	9	empirically	empirically	ADV
ajfa-835	328	10	analyse	analyse	VERB
ajfa-835	328	11	the	the	DET
ajfa-835	328	12	co	co	NOUN
ajfa-835	328	13	-	-	NOUN
ajfa-835	328	14	movement	movement	NOUN
ajfa-835	328	15	between	between	ADP
ajfa-835	328	16	the	the	DET
ajfa-835	328	17	added	add	VERB
ajfa-835	328	18	/	/	SYM
ajfa-835	328	19	deleted	delete	VERB
ajfa-835	328	20	stocks	stock	NOUN
ajfa-835	328	21	and	and	CCONJ
ajfa-835	328	22	the	the	DET
ajfa-835	328	23	nifty	nifty	ADJ
ajfa-835	328	24	index	index	NOUN
ajfa-835	328	25	subsequent	subsequent	ADJ
ajfa-835	328	26	to	to	ADP
ajfa-835	328	27	nifty	nifty	ADJ
ajfa-835	328	28	index	index	NOUN
ajfa-835	328	29	changes	change	NOUN
ajfa-835	328	30	in	in	ADP
ajfa-835	328	31	order	order	NOUN
ajfa-835	328	32	to	to	PART
ajfa-835	328	33	discriminate	discriminate	VERB
ajfa-835	328	34	between	between	ADP
ajfa-835	328	35	the	the	DET
ajfa-835	328	36	two	two	NUM
ajfa-835	328	37	competing	compete	VERB
ajfa-835	328	38	explanations	explanation	NOUN
ajfa-835	328	39	:	:	PUNCT
ajfa-835	328	40	the	the	DET
ajfa-835	328	41	fundamental	fundamental	ADJ
ajfa-835	328	42	based	base	VERB
ajfa-835	328	43	approach	approach	NOUN
ajfa-835	328	44	which	which	PRON
ajfa-835	328	45	attributes	attribute	VERB
ajfa-835	328	46	return	return	VERB
ajfa-835	328	47	co	co	NOUN
ajfa-835	328	48	-	-	NOUN
ajfa-835	328	49	movement	movement	NOUN
ajfa-835	328	50	to	to	PART
ajfa-835	328	51	correlation	correlation	NOUN
ajfa-835	328	52	in	in	ADP
ajfa-835	328	53	news	news	NOUN
ajfa-835	328	54	about	about	ADP
ajfa-835	328	55	fundamentals	fundamental	NOUN
ajfa-835	328	56	and	and	CCONJ
ajfa-835	328	57	the	the	DET
ajfa-835	328	58	friction	friction	NOUN
ajfa-835	328	59	based	base	VERB
ajfa-835	328	60	or	or	CCONJ
ajfa-835	328	61	the	the	DET
ajfa-835	328	62	index	index	NOUN
ajfa-835	328	63	trading	trading	NOUN
ajfa-835	328	64	strategies	strategy	NOUN
ajfa-835	328	65	based	base	VERB
ajfa-835	328	66	approach	approach	NOUN
ajfa-835	328	67	.	.	PUNCT
ajfa-835	329	1	the	the	DET
ajfa-835	329	2	results	result	NOUN
ajfa-835	329	3	for	for	ADP
ajfa-835	329	4	the	the	DET
ajfa-835	329	5	univariate	univariate	ADJ
ajfa-835	329	6	regressions	regression	NOUN
ajfa-835	329	7	for	for	ADP
ajfa-835	329	8	nifty	nifty	ADJ
ajfa-835	329	9	index	index	NOUN
ajfa-835	329	10	additions	addition	NOUN
ajfa-835	329	11	evidence	evidence	VERB
ajfa-835	329	12	significant	significant	ADJ
ajfa-835	329	13	increase	increase	NOUN
ajfa-835	329	14	in	in	ADP
ajfa-835	329	15	co	co	NOUN
ajfa-835	329	16	-	-	NOUN
ajfa-835	329	17	movement	movement	ADJ
ajfa-835	329	18	post	post	NOUN
ajfa-835	329	19	addition	addition	NOUN
ajfa-835	329	20	.	.	PUNCT
ajfa-835	330	1	however	however	ADV
ajfa-835	330	2	,	,	PUNCT
ajfa-835	330	3	contrary	contrary	ADV
ajfa-835	330	4	to	to	ADP
ajfa-835	330	5	the	the	DET
ajfa-835	330	6	results	result	NOUN
ajfa-835	330	7	in	in	ADP
ajfa-835	330	8	the	the	DET
ajfa-835	330	9	developed	develop	VERB
ajfa-835	330	10	markets	market	NOUN
ajfa-835	330	11	the	the	DET
ajfa-835	330	12	nifty	nifty	ADJ
ajfa-835	330	13	index	index	NOUN
ajfa-835	330	14	deletions	deletion	NOUN
ajfa-835	330	15	too	too	ADV
ajfa-835	330	16	experience	experience	NOUN
ajfa-835	330	17	increase	increase	NOUN
ajfa-835	330	18	in	in	ADP
ajfa-835	330	19	co	co	NOUN
ajfa-835	330	20	-	-	NOUN
ajfa-835	330	21	movement	movement	NOUN
ajfa-835	330	22	(	(	PUNCT
ajfa-835	330	23	though	though	SCONJ
ajfa-835	330	24	not	not	PART
ajfa-835	330	25	statistically	statistically	ADV
ajfa-835	330	26	significant	significant	ADJ
ajfa-835	330	27	)	)	PUNCT
ajfa-835	330	28	.	.	PUNCT
ajfa-835	331	1	the	the	DET
ajfa-835	331	2	bivariate	bivariate	ADJ
ajfa-835	331	3	regressions	regression	NOUN
ajfa-835	331	4	for	for	ADP
ajfa-835	331	5	nifty	nifty	ADJ
ajfa-835	331	6	index	index	NOUN
ajfa-835	331	7	additions	addition	NOUN
ajfa-835	331	8	evidence	evidence	VERB
ajfa-835	331	9	significant	significant	ADJ
ajfa-835	331	10	increase	increase	NOUN
ajfa-835	331	11	in	in	ADP
ajfa-835	331	12	co	co	NOUN
ajfa-835	331	13	-	-	NOUN
ajfa-835	331	14	movement	movement	ADJ
ajfa-835	331	15	post	post	NOUN
ajfa-835	331	16	addition	addition	NOUN
ajfa-835	331	17	.	.	PUNCT
ajfa-835	332	1	but	but	CCONJ
ajfa-835	332	2	both	both	DET
ajfa-835	332	3	the	the	DET
ajfa-835	332	4	univariate	univariate	ADJ
ajfa-835	332	5	and	and	CCONJ
ajfa-835	332	6	bivariate	bivariate	ADJ
ajfa-835	332	7	regressions	regression	NOUN
ajfa-835	332	8	do	do	AUX
ajfa-835	332	9	not	not	PART
ajfa-835	332	10	evidence	evidence	VERB
ajfa-835	332	11	significant	significant	ADJ
ajfa-835	332	12	increase	increase	NOUN
ajfa-835	332	13	in	in	ADP
ajfa-835	332	14	co	co	NOUN
ajfa-835	332	15	-	-	NOUN
ajfa-835	332	16	movement	movement	NOUN
ajfa-835	332	17	in	in	ADP
ajfa-835	332	18	the	the	DET
ajfa-835	332	19	recent	recent	ADJ
ajfa-835	332	20	second	second	ADJ
ajfa-835	332	21	sub	sub	NOUN
ajfa-835	332	22	period	period	NOUN
ajfa-835	332	23	compared	compare	VERB
ajfa-835	332	24	to	to	ADP
ajfa-835	332	25	the	the	DET
ajfa-835	332	26	first	first	ADJ
ajfa-835	332	27	sub	sub	NOUN
ajfa-835	332	28	period	period	NOUN
ajfa-835	332	29	.	.	PUNCT
ajfa-835	333	1	the	the	DET
ajfa-835	333	2	above	above	ADJ
ajfa-835	333	3	results	result	NOUN
ajfa-835	333	4	along	along	ADP
ajfa-835	333	5	with	with	ADP
ajfa-835	333	6	the	the	DET
ajfa-835	333	7	tests	test	NOUN
ajfa-835	333	8	conducted	conduct	VERB
ajfa-835	333	9	using	use	VERB
ajfa-835	333	10	the	the	DET
ajfa-835	333	11	methodologies	methodology	NOUN
ajfa-835	333	12	of	of	ADP
ajfa-835	333	13	vijh(1994	vijh(1994	NOUN
ajfa-835	333	14	)	)	PUNCT
ajfa-835	333	15	,	,	PUNCT
ajfa-835	333	16	barberis	barberis	PROPN
ajfa-835	333	17	et	et	PROPN
ajfa-835	333	18	al(2002	al(2002	NOUN
ajfa-835	333	19	)	)	PUNCT
ajfa-835	333	20	and	and	CCONJ
ajfa-835	333	21	greenwood	greenwood	PROPN
ajfa-835	333	22	and	and	CCONJ
ajfa-835	333	23	sosner	sosner	NOUN
ajfa-835	333	24	(	(	PUNCT
ajfa-835	333	25	2002	2002	NUM
ajfa-835	333	26	)	)	PUNCT
ajfa-835	333	27	,	,	PUNCT
ajfa-835	333	28	in	in	ADP
ajfa-835	333	29	contrast	contrast	NOUN
ajfa-835	333	30	to	to	ADP
ajfa-835	333	31	the	the	DET
ajfa-835	333	32	developed	develop	VERB
ajfa-835	333	33	markets	market	NOUN
ajfa-835	333	34	,	,	PUNCT
ajfa-835	333	35	suggest	suggest	VERB
ajfa-835	333	36	that	that	SCONJ
ajfa-835	333	37	the	the	DET
ajfa-835	333	38	information	information	NOUN
ajfa-835	333	39	related	relate	VERB
ajfa-835	333	40	views	view	NOUN
ajfa-835	333	41	explain	explain	VERB
ajfa-835	333	42	co	co	ADJ
ajfa-835	333	43	-	-	NOUN
ajfa-835	333	44	movement	movement	NOUN
ajfa-835	333	45	subsequent	subsequent	ADJ
ajfa-835	333	46	to	to	ADP
ajfa-835	333	47	nifty	nifty	ADJ
ajfa-835	333	48	index	index	NOUN
ajfa-835	333	49	changes	change	NOUN
ajfa-835	333	50	better	well	ADV
ajfa-835	333	51	than	than	ADP
ajfa-835	333	52	other	other	ADJ
ajfa-835	333	53	competing	compete	VERB
ajfa-835	333	54	explanations	explanation	NOUN
ajfa-835	333	55	.	.	PUNCT
ajfa-835	334	1	an	an	DET
ajfa-835	334	2	interesting	interesting	ADJ
ajfa-835	334	3	finding	finding	NOUN
ajfa-835	334	4	is	be	AUX
ajfa-835	334	5	that	that	SCONJ
ajfa-835	334	6	the	the	DET
ajfa-835	334	7	stock	stock	NOUN
ajfa-835	334	8	pricing	pricing	NOUN
ajfa-835	334	9	become	become	VERB
ajfa-835	334	10	less	less	ADV
ajfa-835	334	11	efficient	efficient	ADJ
ajfa-835	334	12	when	when	SCONJ
ajfa-835	334	13	the	the	DET
ajfa-835	334	14	non	non	ADJ
ajfa-835	334	15	-	-	ADJ
ajfa-835	334	16	nifty	nifty	ADJ
ajfa-835	334	17	stocks	stock	NOUN
ajfa-835	334	18	become	become	VERB
ajfa-835	334	19	nifty	nifty	ADJ
ajfa-835	334	20	index	index	NOUN
ajfa-835	334	21	stocks	stock	NOUN
ajfa-835	334	22	based	base	VERB
ajfa-835	334	23	on	on	ADP
ajfa-835	334	24	the	the	DET
ajfa-835	334	25	auto	auto	NOUN
ajfa-835	334	26	correlation	correlation	NOUN
ajfa-835	334	27	results	result	NOUN
ajfa-835	334	28	.	.	PUNCT
ajfa-835	335	1	this	this	PRON
ajfa-835	335	2	has	have	VERB
ajfa-835	335	3	implications	implication	NOUN
ajfa-835	335	4	for	for	ADP
ajfa-835	335	5	the	the	DET
ajfa-835	335	6	efficient	efficient	ADJ
ajfa-835	335	7	market	market	NOUN
ajfa-835	335	8	theory	theory	NOUN
ajfa-835	335	9	.	.	PUNCT
ajfa-835	336	1	due	due	ADP
ajfa-835	336	2	to	to	ADP
ajfa-835	336	3	increased	increase	VERB
ajfa-835	336	4	trading	trading	NOUN
ajfa-835	336	5	and	and	CCONJ
ajfa-835	336	6	visibility	visibility	NOUN
ajfa-835	336	7	subsequent	subsequent	ADJ
ajfa-835	336	8	to	to	ADP
ajfa-835	336	9	index	index	NOUN
ajfa-835	336	10	addition	addition	NOUN
ajfa-835	336	11	,	,	PUNCT
ajfa-835	336	12	pricing	pricing	NOUN
ajfa-835	336	13	of	of	ADP
ajfa-835	336	14	added	add	VERB
ajfa-835	336	15	stocks	stock	NOUN
ajfa-835	336	16	should	should	AUX
ajfa-835	336	17	become	become	VERB
ajfa-835	336	18	more	more	ADV
ajfa-835	336	19	efficient	efficient	ADJ
ajfa-835	336	20	after	after	ADP
ajfa-835	336	21	addition	addition	NOUN
ajfa-835	336	22	to	to	ADP
ajfa-835	336	23	the	the	DET
ajfa-835	336	24	benchmark	benchmark	NOUN
ajfa-835	336	25	index	index	NOUN
ajfa-835	336	26	.	.	PUNCT
ajfa-835	337	1	further	far	ADV
ajfa-835	337	2	,	,	PUNCT
ajfa-835	337	3	the	the	DET
ajfa-835	337	4	lack	lack	NOUN
ajfa-835	337	5	of	of	ADP
ajfa-835	337	6	symmetric	symmetric	ADJ
ajfa-835	337	7	response	response	NOUN
ajfa-835	337	8	to	to	ADP
ajfa-835	337	9	additions	addition	NOUN
ajfa-835	337	10	and	and	CCONJ
ajfa-835	337	11	deletions	deletion	NOUN
ajfa-835	337	12	seem	seem	VERB
ajfa-835	337	13	to	to	PART
ajfa-835	337	14	support	support	VERB
ajfa-835	337	15	the	the	DET
ajfa-835	337	16	chen	chen	PROPN
ajfa-835	337	17	et	et	PROPN
ajfa-835	337	18	al	al	PROPN
ajfa-835	337	19	(	(	PUNCT
ajfa-835	337	20	2004	2004	NUM
ajfa-835	337	21	)	)	PUNCT
ajfa-835	337	22	explanation	explanation	NOUN
ajfa-835	337	23	of	of	ADP
ajfa-835	337	24	‘	'	PUNCT
ajfa-835	337	25	investor	investor	NOUN
ajfa-835	337	26	awareness	awareness	NOUN
ajfa-835	337	27	’	'	PUNCT
ajfa-835	337	28	as	as	ADP
ajfa-835	337	29	an	an	DET
ajfa-835	337	30	explanation	explanation	NOUN
ajfa-835	337	31	index	index	NOUN
ajfa-835	337	32	changes	change	NOUN
ajfa-835	337	33	in	in	ADP
ajfa-835	337	34	the	the	DET
ajfa-835	337	35	indian	indian	ADJ
ajfa-835	337	36	stock	stock	NOUN
ajfa-835	337	37	market	market	NOUN
ajfa-835	337	38	.	.	PUNCT
ajfa-835	338	1	overall	overall	ADV
ajfa-835	338	2	,	,	PUNCT
ajfa-835	338	3	the	the	DET
ajfa-835	338	4	results	result	NOUN
ajfa-835	338	5	suggest	suggest	VERB
ajfa-835	338	6	that	that	SCONJ
ajfa-835	338	7	information	information	NOUN
ajfa-835	338	8	related	relate	VERB
ajfa-835	338	9	explanations	explanation	NOUN
ajfa-835	338	10	explain	explain	VERB
ajfa-835	338	11	nifty	nifty	ADJ
ajfa-835	338	12	index	index	NOUN
ajfa-835	338	13	changes	change	VERB
ajfa-835	338	14	better	well	ADV
ajfa-835	338	15	than	than	ADP
ajfa-835	338	16	other	other	ADJ
ajfa-835	338	17	competing	compete	VERB
ajfa-835	338	18	explanations	explanation	NOUN
ajfa-835	338	19	.	.	PUNCT
ajfa-835	339	1	acknowledgement	acknowledgement	NOUN
ajfa-835	340	1	i	i	PRON
ajfa-835	340	2	thank	thank	VERB
ajfa-835	340	3	dr	dr	PROPN
ajfa-835	340	4	.	.	PROPN
ajfa-835	340	5	victor	victor	PROPN
ajfa-835	340	6	louis	louis	PROPN
ajfa-835	340	7	anthuvan	anthuvan	PROPN
ajfa-835	340	8	,	,	PUNCT
ajfa-835	340	9	professor	professor	NOUN
ajfa-835	340	10	of	of	ADP
ajfa-835	340	11	finance	finance	NOUN
ajfa-835	340	12	,	,	PUNCT
ajfa-835	340	13	chairperson	chairperson	NOUN
ajfa-835	340	14	phd	phd	PROPN
ajfa-835	340	15	,	,	PUNCT
ajfa-835	340	16	loyola	loyola	PROPN
ajfa-835	340	17	institute	institute	PROPN
ajfa-835	340	18	of	of	ADP
ajfa-835	340	19	business	business	PROPN
ajfa-835	340	20	administration	administration	PROPN
ajfa-835	340	21	,	,	PUNCT
ajfa-835	340	22	chennai-600034	chennai-600034	NOUN
ajfa-835	340	23	,	,	PUNCT
ajfa-835	340	24	for	for	ADP
ajfa-835	340	25	his	his	PRON
ajfa-835	340	26	guidance	guidance	NOUN
ajfa-835	340	27	and	and	CCONJ
ajfa-835	340	28	support	support	NOUN
ajfa-835	340	29	throughout	throughout	ADP
ajfa-835	340	30	the	the	DET
ajfa-835	340	31	study	study	NOUN
ajfa-835	340	32	.	.	PUNCT
ajfa-835	341	1	17	17	NUM
ajfa-835	341	2	using	use	VERB
ajfa-835	341	3	both	both	CCONJ
ajfa-835	341	4	parametric	parametric	ADJ
ajfa-835	341	5	(	(	PUNCT
ajfa-835	341	6	two	two	NUM
ajfa-835	341	7	sample	sample	NOUN
ajfa-835	341	8	t	t	NOUN
ajfa-835	341	9	-	-	PUNCT
ajfa-835	341	10	test	test	NOUN
ajfa-835	341	11	)	)	PUNCT
ajfa-835	341	12	and	and	CCONJ
ajfa-835	341	13	non	non	ADJ
ajfa-835	341	14	-	-	ADJ
ajfa-835	341	15	parametric	parametric	ADJ
ajfa-835	341	16	tests	test	NOUN
ajfa-835	341	17	(	(	PUNCT
ajfa-835	341	18	two	two	NUM
ajfa-835	341	19	paired	pair	VERB
ajfa-835	341	20	sample	sample	NOUN
ajfa-835	341	21	comparison	comparison	NOUN
ajfa-835	341	22	test	test	NOUN
ajfa-835	341	23	)	)	PUNCT
ajfa-835	341	24	..	..	PUNCT
ajfa-835	342	1	18	18	NUM
ajfa-835	342	2	the	the	DET
ajfa-835	342	3	results	result	NOUN
ajfa-835	342	4	for	for	ADP
ajfa-835	342	5	q=3	q=3	PUNCT
ajfa-835	342	6	and	and	CCONJ
ajfa-835	342	7	q=4	q=4	PROPN
ajfa-835	342	8	are	be	AUX
ajfa-835	342	9	similar	similar	ADJ
ajfa-835	342	10	to	to	ADP
ajfa-835	342	11	the	the	DET
ajfa-835	342	12	reported	report	VERB
ajfa-835	342	13	results	result	NOUN
ajfa-835	342	14	for	for	ADP
ajfa-835	342	15	both	both	DET
ajfa-835	342	16	additions	addition	NOUN
ajfa-835	342	17	and	and	CCONJ
ajfa-835	342	18	deletions	deletion	NOUN
ajfa-835	342	19	.	.	PUNCT
ajfa-835	343	1	asian	asian	ADJ
ajfa-835	343	2	journal	journal	PROPN
ajfa-835	343	3	of	of	ADP
ajfa-835	343	4	finance	finance	PROPN
ajfa-835	343	5	&	&	CCONJ
ajfa-835	343	6	accounting	accounting	PROPN
ajfa-835	343	7	issn	issn	PROPN
ajfa-835	343	8	1946	1946	NUM
ajfa-835	343	9	-	-	PUNCT
ajfa-835	343	10	052x	052x	NOUN
ajfa-835	343	11	2011	2011	NUM
ajfa-835	343	12	,	,	PUNCT
ajfa-835	343	13	vol	vol	NOUN
ajfa-835	343	14	.	.	PROPN
ajfa-835	344	1	3	3	NUM
ajfa-835	344	2	,	,	PUNCT
ajfa-835	344	3	no	no	INTJ
ajfa-835	344	4	.	.	NOUN
ajfa-835	344	5	1	1	NUM
ajfa-835	344	6	:	:	PUNCT
ajfa-835	344	7	e12	e12	NOUN
ajfa-835	344	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	344	9	203	203	NUM
ajfa-835	344	10	i	i	PRON
ajfa-835	344	11	also	also	ADV
ajfa-835	344	12	thank	thank	VERB
ajfa-835	344	13	prof	prof	PROPN
ajfa-835	344	14	.	.	PUNCT
ajfa-835	345	1	lodewijk	lodewijk	PROPN
ajfa-835	345	2	berlage	berlage	PROPN
ajfa-835	345	3	,	,	PUNCT
ajfa-835	345	4	professor	professor	NOUN
ajfa-835	345	5	emeritus	emeritus	NOUN
ajfa-835	345	6	,	,	PUNCT
ajfa-835	345	7	katholike	katholike	PROPN
ajfa-835	345	8	university	university	PROPN
ajfa-835	345	9	,	,	PUNCT
ajfa-835	345	10	leuven	leuven	PROPN
ajfa-835	345	11	,	,	PUNCT
ajfa-835	345	12	belgium	belgium	NOUN
ajfa-835	345	13	,	,	PUNCT
ajfa-835	345	14	for	for	ADP
ajfa-835	345	15	his	his	PRON
ajfa-835	345	16	valuable	valuable	ADJ
ajfa-835	345	17	suggestions	suggestion	NOUN
ajfa-835	345	18	.	.	PUNCT
ajfa-835	346	1	references	reference	NOUN
ajfa-835	346	2	amihud	amihud	PROPN
ajfa-835	346	3	,	,	PUNCT
ajfa-835	346	4	y.	y.	PROPN
ajfa-835	346	5	,	,	PUNCT
ajfa-835	346	6	&	&	CCONJ
ajfa-835	346	7	mendelson	mendelson	PROPN
ajfa-835	346	8	,	,	PUNCT
ajfa-835	346	9	h.	h.	PROPN
ajfa-835	346	10	(	(	PUNCT
ajfa-835	346	11	1986	1986	NUM
ajfa-835	346	12	)	)	PUNCT
ajfa-835	346	13	.	.	PUNCT
ajfa-835	347	1	asset	asset	NOUN
ajfa-835	347	2	pricing	pricing	NOUN
ajfa-835	347	3	and	and	CCONJ
ajfa-835	347	4	the	the	DET
ajfa-835	347	5	bid	bid	NOUN
ajfa-835	347	6	-	-	PUNCT
ajfa-835	347	7	ask	ask	NOUN
ajfa-835	347	8	spread	spread	NOUN
ajfa-835	347	9	.	.	PUNCT
ajfa-835	348	1	journal	journal	NOUN
ajfa-835	348	2	of	of	ADP
ajfa-835	348	3	financial	financial	ADJ
ajfa-835	348	4	economics	economic	NOUN
ajfa-835	348	5	,	,	PUNCT
ajfa-835	348	6	17	17	NUM
ajfa-835	348	7	,	,	PUNCT
ajfa-835	348	8	223	223	NUM
ajfa-835	348	9	-	-	SYM
ajfa-835	348	10	249	249	NUM
ajfa-835	348	11	.	.	PUNCT
ajfa-835	349	1	http://dx.doi.org/10.1016/0304-405x(86)90065-6	http://dx.doi.org/10.1016/0304-405x(86)90065-6	PROPN
ajfa-835	349	2	barberis	barberis	NOUN
ajfa-835	349	3	,	,	PUNCT
ajfa-835	349	4	n.	n.	NOUN
ajfa-835	349	5	,	,	PUNCT
ajfa-835	349	6	shliefer	shliefer	NOUN
ajfa-835	349	7	,	,	PUNCT
ajfa-835	349	8	a.	a.	NOUN
ajfa-835	349	9	wurgler	wurgler	NOUN
ajfa-835	349	10	,	,	PUNCT
ajfa-835	349	11	j.	j.	PROPN
ajfa-835	349	12	(	(	PUNCT
ajfa-835	349	13	2002	2002	NUM
ajfa-835	349	14	)	)	PUNCT
ajfa-835	349	15	.	.	PUNCT
ajfa-835	350	1	comovement	comovement	NOUN
ajfa-835	350	2	.	.	PUNCT
ajfa-835	351	1	nber	nber	PROPN
ajfa-835	351	2	working	working	PROPN
ajfa-835	351	3	paper	paper	PROPN
ajfa-835	351	4	no.8884	no.8884	PROPN
ajfa-835	351	5	.	.	PUNCT
ajfa-835	351	6	barberis	barberis	PROPN
ajfa-835	351	7	,	,	PUNCT
ajfa-835	351	8	n.	n.	NOUN
ajfa-835	351	9	,	,	PUNCT
ajfa-835	351	10	shliefer	shliefer	NOUN
ajfa-835	351	11	,	,	PUNCT
ajfa-835	351	12	a.	a.	NOUN
ajfa-835	351	13	,	,	PUNCT
ajfa-835	351	14	&	&	CCONJ
ajfa-835	351	15	wurgler	wurgler	PROPN
ajfa-835	351	16	,	,	PUNCT
ajfa-835	351	17	j.	j.	PROPN
ajfa-835	351	18	(	(	PUNCT
ajfa-835	351	19	2005	2005	NUM
ajfa-835	351	20	)	)	PUNCT
ajfa-835	351	21	.	.	PUNCT
ajfa-835	352	1	comovement	comovement	PROPN
ajfa-835	352	2	.	.	PUNCT
ajfa-835	353	1	journal	journal	NOUN
ajfa-835	353	2	of	of	ADP
ajfa-835	353	3	financial	financial	ADJ
ajfa-835	353	4	economics	economic	NOUN
ajfa-835	353	5	,	,	PUNCT
ajfa-835	353	6	75	75	NUM
ajfa-835	353	7	,	,	PUNCT
ajfa-835	353	8	283	283	NUM
ajfa-835	353	9	-	-	SYM
ajfa-835	353	10	317	317	NUM
ajfa-835	353	11	.	.	PUNCT
ajfa-835	354	1	http://dx.doi.org/10.1016/j.jfineco.2004.04.003	http://dx.doi.org/10.1016/j.jfineco.2004.04.003	PROPN
ajfa-835	354	2	baur	baur	PROPN
ajfa-835	354	3	,	,	PUNCT
ajfa-835	354	4	d.	d.	PROPN
ajfa-835	354	5	,	,	PUNCT
ajfa-835	354	6	(	(	PUNCT
ajfa-835	354	7	2003	2003	NUM
ajfa-835	354	8	)	)	PUNCT
ajfa-835	354	9	.	.	PUNCT
ajfa-835	355	1	what	what	PRON
ajfa-835	355	2	is	be	AUX
ajfa-835	355	3	comovement	comovement	ADJ
ajfa-835	355	4	?	?	PUNCT
ajfa-835	355	5	.	.	PUNCT
ajfa-835	356	1	european	european	PROPN
ajfa-835	356	2	commisssion	commisssion	PROPN
ajfa-835	356	3	,	,	PUNCT
ajfa-835	356	4	joint	joint	ADJ
ajfa-835	356	5	research	research	NOUN
ajfa-835	356	6	centre	centre	NOUN
ajfa-835	356	7	,	,	PUNCT
ajfa-835	356	8	ispra(va	ispra(va	NOUN
ajfa-835	356	9	)	)	PUNCT
ajfa-835	356	10	,	,	PUNCT
ajfa-835	356	11	italy	italy	PROPN
ajfa-835	356	12	.	.	PUNCT
ajfa-835	356	13	bekaert	bekaert	PROPN
ajfa-835	356	14	,	,	PUNCT
ajfa-835	356	15	g.	g.	PROPN
ajfa-835	356	16	,	,	PUNCT
ajfa-835	356	17	&	&	CCONJ
ajfa-835	356	18	harvey	harvey	PROPN
ajfa-835	356	19	,	,	PUNCT
ajfa-835	356	20	c.r	c.r	PROPN
ajfa-835	356	21	.	.	PROPN
ajfa-835	356	22	(	(	PUNCT
ajfa-835	356	23	2003	2003	NUM
ajfa-835	356	24	)	)	PUNCT
ajfa-835	356	25	.	.	PUNCT
ajfa-835	357	1	emerging	emerge	VERB
ajfa-835	357	2	market	market	NOUN
ajfa-835	357	3	finance	finance	NOUN
ajfa-835	357	4	.	.	PUNCT
ajfa-835	358	1	journal	journal	NOUN
ajfa-835	358	2	of	of	ADP
ajfa-835	358	3	empirical	empirical	ADJ
ajfa-835	358	4	finance	finance	NOUN
ajfa-835	358	5	,	,	PUNCT
ajfa-835	358	6	10	10	NUM
ajfa-835	358	7	,	,	PUNCT
ajfa-835	358	8	3	3	NUM
ajfa-835	358	9	-	-	SYM
ajfa-835	358	10	55	55	NUM
ajfa-835	358	11	.	.	PUNCT
ajfa-835	359	1	http://dx.doi.org/10.1016/s0927-5398(02)00054-3	http://dx.doi.org/10.1016/s0927-5398(02)00054-3	VERB
ajfa-835	359	2	brown	brown	PROPN
ajfa-835	359	3	,	,	PUNCT
ajfa-835	359	4	s.j	s.j	PROPN
ajfa-835	359	5	.	.	PROPN
ajfa-835	359	6	,	,	PUNCT
ajfa-835	359	7	&	&	CCONJ
ajfa-835	359	8	warner	warner	PROPN
ajfa-835	359	9	,	,	PUNCT
ajfa-835	359	10	j.b	j.b	PROPN
ajfa-835	359	11	.	.	PUNCT
ajfa-835	359	12	(	(	PUNCT
ajfa-835	359	13	1985	1985	NUM
ajfa-835	359	14	)	)	PUNCT
ajfa-835	359	15	.	.	PUNCT
ajfa-835	360	1	using	use	VERB
ajfa-835	360	2	daily	daily	ADJ
ajfa-835	360	3	stock	stock	NOUN
ajfa-835	360	4	returns	return	NOUN
ajfa-835	360	5	:	:	PUNCT
ajfa-835	360	6	the	the	DET
ajfa-835	360	7	case	case	NOUN
ajfa-835	360	8	of	of	ADP
ajfa-835	360	9	event	event	NOUN
ajfa-835	360	10	studies	study	NOUN
ajfa-835	360	11	.	.	PUNCT
ajfa-835	361	1	journal	journal	PROPN
ajfa-835	361	2	of	of	ADP
ajfa-835	361	3	financial	financial	ADJ
ajfa-835	361	4	economics	economic	NOUN
ajfa-835	361	5	,	,	PUNCT
ajfa-835	361	6	14(1	14(1	NUM
ajfa-835	361	7	)	)	PUNCT
ajfa-835	361	8	,	,	PUNCT
ajfa-835	361	9	3	3	NUM
ajfa-835	361	10	-	-	SYM
ajfa-835	361	11	31	31	NUM
ajfa-835	361	12	.	.	PUNCT
ajfa-835	362	1	http://dx.doi.org/10.1016/0304-405x(85)90042-x	http://dx.doi.org/10.1016/0304-405x(85)90042-x	PROPN
ajfa-835	362	2	chakrabarti	chakrabarti	PROPN
ajfa-835	362	3	,	,	PUNCT
ajfa-835	362	4	r.	r.	PROPN
ajfa-835	362	5	,	,	PUNCT
ajfa-835	362	6	huang	huang	PROPN
ajfa-835	362	7	,	,	PUNCT
ajfa-835	362	8	w.	w.	PROPN
ajfa-835	362	9	,	,	PUNCT
ajfa-835	362	10	&	&	CCONJ
ajfa-835	362	11	jayaraman	jayaraman	PROPN
ajfa-835	362	12	,	,	PUNCT
ajfa-835	362	13	n.	n.	PROPN
ajfa-835	362	14	,	,	PUNCT
ajfa-835	362	15	lee	lee	PROPN
ajfa-835	362	16	,	,	PUNCT
ajfa-835	362	17	j.	j.	PROPN
ajfa-835	362	18	(	(	PUNCT
ajfa-835	362	19	2005	2005	NUM
ajfa-835	362	20	)	)	PUNCT
ajfa-835	362	21	.	.	PUNCT
ajfa-835	363	1	price	price	NOUN
ajfa-835	363	2	and	and	CCONJ
ajfa-835	363	3	volume	volume	NOUN
ajfa-835	363	4	effects	effect	NOUN
ajfa-835	363	5	of	of	ADP
ajfa-835	363	6	changes	change	NOUN
ajfa-835	363	7	in	in	ADP
ajfa-835	363	8	the	the	DET
ajfa-835	363	9	msci	msci	PROPN
ajfa-835	363	10	indices	indice	VERB
ajfa-835	363	11	–	–	PUNCT
ajfa-835	363	12	nature	nature	NOUN
ajfa-835	363	13	and	and	CCONJ
ajfa-835	363	14	causes	cause	NOUN
ajfa-835	363	15	.	.	PUNCT
ajfa-835	364	1	journal	journal	NOUN
ajfa-835	364	2	of	of	ADP
ajfa-835	364	3	banking	banking	NOUN
ajfa-835	364	4	and	and	CCONJ
ajfa-835	364	5	finance	finance	NOUN
ajfa-835	364	6	,	,	PUNCT
ajfa-835	364	7	29	29	NUM
ajfa-835	364	8	,	,	PUNCT
ajfa-835	364	9	pp	pp	ADJ
ajfa-835	364	10	.	.	PUNCT
ajfa-835	365	1	1237	1237	NUM
ajfa-835	365	2	-	-	SYM
ajfa-835	365	3	1264	1264	NUM
ajfa-835	365	4	.	.	PUNCT
ajfa-835	366	1	http://dx.doi.org/10.1016/j.jbankfin.2004.04.002	http://dx.doi.org/10.1016/j.jbankfin.2004.04.002	PROPN
ajfa-835	366	2	chen	chen	PROPN
ajfa-835	366	3	,	,	PUNCT
ajfa-835	366	4	h.	h.	PROPN
ajfa-835	366	5	,	,	PUNCT
ajfa-835	366	6	noronha	noronha	NOUN
ajfa-835	366	7	,	,	PUNCT
ajfa-835	366	8	&	&	CCONJ
ajfa-835	366	9	g.	g.	PROPN
ajfa-835	366	10	singhal	singhal	PROPN
ajfa-835	366	11	,	,	PUNCT
ajfa-835	366	12	v.	v.	PROPN
ajfa-835	366	13	(	(	PUNCT
ajfa-835	366	14	2004	2004	NUM
ajfa-835	366	15	)	)	PUNCT
ajfa-835	366	16	.	.	PUNCT
ajfa-835	367	1	the	the	DET
ajfa-835	367	2	price	price	NOUN
ajfa-835	367	3	response	response	NOUN
ajfa-835	367	4	to	to	ADP
ajfa-835	367	5	s&p	s&p	PROPN
ajfa-835	367	6	500	500	NUM
ajfa-835	367	7	additions	addition	NOUN
ajfa-835	367	8	and	and	CCONJ
ajfa-835	367	9	deletions	deletion	NOUN
ajfa-835	367	10	:	:	PUNCT
ajfa-835	367	11	evidence	evidence	NOUN
ajfa-835	367	12	of	of	ADP
ajfa-835	367	13	asymmetry	asymmetry	NOUN
ajfa-835	367	14	and	and	CCONJ
ajfa-835	367	15	a	a	DET
ajfa-835	367	16	new	new	ADJ
ajfa-835	367	17	explanation	explanation	NOUN
ajfa-835	367	18	.	.	PUNCT
ajfa-835	368	1	journal	journal	PROPN
ajfa-835	368	2	of	of	ADP
ajfa-835	368	3	finance	finance	NOUN
ajfa-835	368	4	,	,	PUNCT
ajfa-835	368	5	59(4	59(4	NUM
ajfa-835	368	6	)	)	PUNCT
ajfa-835	368	7	,	,	PUNCT
ajfa-835	368	8	pp	pp	PROPN
ajfa-835	368	9	.	.	PUNCT
ajfa-835	369	1	1901	1901	NUM
ajfa-835	369	2	-	-	SYM
ajfa-835	369	3	1929	1929	NUM
ajfa-835	369	4	.	.	PUNCT
ajfa-835	370	1	http://dx.doi.org/10.1111/j.1540-6261.2004.00683.x	http://dx.doi.org/10.1111/j.1540-6261.2004.00683.x	ADJ
ajfa-835	370	2	coakley	coakley	NOUN
ajfa-835	370	3	,	,	PUNCT
ajfa-835	370	4	j.	j.	PROPN
ajfa-835	370	5	,	,	PUNCT
ajfa-835	370	6	kougoulis	kougoulis	PROPN
ajfa-835	370	7	,	,	PUNCT
ajfa-835	370	8	&	&	CCONJ
ajfa-835	370	9	p.	p.	PROPN
ajfa-835	370	10	nankervis	nankervis	PROPN
ajfa-835	370	11	,	,	PUNCT
ajfa-835	370	12	j.c	j.c	PROPN
ajfa-835	370	13	.	.	PROPN
ajfa-835	370	14	(	(	PUNCT
ajfa-835	370	15	2008	2008	NUM
ajfa-835	370	16	)	)	PUNCT
ajfa-835	370	17	.	.	PUNCT
ajfa-835	371	1	the	the	DET
ajfa-835	371	2	msci	msci	PROPN
ajfa-835	371	3	–	–	PUNCT
ajfa-835	371	4	canada	canada	PROPN
ajfa-835	371	5	index	index	NOUN
ajfa-835	371	6	rebalancing	rebalancing	NOUN
ajfa-835	371	7	and	and	CCONJ
ajfa-835	371	8	excess	excess	ADJ
ajfa-835	371	9	co	co	NOUN
ajfa-835	371	10	-	-	NOUN
ajfa-835	371	11	movement	movement	NOUN
ajfa-835	371	12	.	.	PUNCT
ajfa-835	372	1	applied	apply	VERB
ajfa-835	372	2	financial	financial	ADJ
ajfa-835	372	3	economics	economic	NOUN
ajfa-835	372	4	,	,	PUNCT
ajfa-835	372	5	18	18	NUM
ajfa-835	372	6	,	,	PUNCT
ajfa-835	372	7	pp.1277	pp.1277	NOUN
ajfa-835	372	8	-	-	PUNCT
ajfa-835	372	9	1287	1287	NUM
ajfa-835	372	10	.	.	PUNCT
ajfa-835	373	1	http://dx.doi.org/10.1080/09603100701537722	http://dx.doi.org/10.1080/09603100701537722	PROPN
ajfa-835	373	2	coakley	coakley	PROPN
ajfa-835	373	3	,	,	PUNCT
ajfa-835	373	4	j.	j.	PROPN
ajfa-835	373	5	,	,	PUNCT
ajfa-835	373	6	kougoulis	kougoulis	PROPN
ajfa-835	373	7	,	,	PUNCT
ajfa-835	373	8	p.	p.	PROPN
ajfa-835	373	9	,	,	PUNCT
ajfa-835	373	10	&	&	CCONJ
ajfa-835	373	11	nankervis	nankervis	PROPN
ajfa-835	373	12	,	,	PUNCT
ajfa-835	373	13	j.c	j.c	PROPN
ajfa-835	373	14	.	.	PROPN
ajfa-835	373	15	(	(	PUNCT
ajfa-835	373	16	2004	2004	NUM
ajfa-835	373	17	)	)	PUNCT
ajfa-835	373	18	.	.	PUNCT
ajfa-835	374	1	co	co	NOUN
ajfa-835	374	2	-	-	NOUN
ajfa-835	374	3	movement	movement	NOUN
ajfa-835	374	4	and	and	CCONJ
ajfa-835	374	5	ftse	ftse	VERB
ajfa-835	374	6	100	100	NUM
ajfa-835	374	7	changes	change	NOUN
ajfa-835	374	8	.	.	PUNCT
ajfa-835	375	1	discussion	discussion	NOUN
ajfa-835	375	2	paper	paper	NOUN
ajfa-835	375	3	,	,	PUNCT
ajfa-835	375	4	university	university	NOUN
ajfa-835	375	5	of	of	ADP
ajfa-835	375	6	essex	essex	PROPN
ajfa-835	375	7	.	.	PUNCT
ajfa-835	376	1	greenwood	greenwood	PROPN
ajfa-835	376	2	,	,	PUNCT
ajfa-835	376	3	m.r	m.r	PROPN
ajfa-835	376	4	.	.	PROPN
ajfa-835	376	5	,	,	PUNCT
ajfa-835	376	6	&	&	CCONJ
ajfa-835	376	7	sosner	sosner	PROPN
ajfa-835	376	8	n.	n.	PROPN
ajfa-835	376	9	(	(	PUNCT
ajfa-835	376	10	2002	2002	NUM
ajfa-835	376	11	)	)	PUNCT
ajfa-835	376	12	.	.	PUNCT
ajfa-835	377	1	where	where	SCONJ
ajfa-835	377	2	do	do	AUX
ajfa-835	377	3	beats	beat	NOUN
ajfa-835	377	4	come	come	VERB
ajfa-835	377	5	from	from	ADP
ajfa-835	377	6	?	?	PUNCT
ajfa-835	378	1	working	work	VERB
ajfa-835	378	2	paper	paper	NOUN
ajfa-835	378	3	,	,	PUNCT
ajfa-835	378	4	harvard	harvard	PROPN
ajfa-835	378	5	university	university	PROPN
ajfa-835	378	6	.	.	PUNCT
ajfa-835	379	1	greenwood	greenwood	PROPN
ajfa-835	379	2	,	,	PUNCT
ajfa-835	379	3	m.r	m.r	PROPN
ajfa-835	379	4	.	.	PROPN
ajfa-835	379	5	,	,	PUNCT
ajfa-835	379	6	&	&	CCONJ
ajfa-835	379	7	sosner	sosner	PROPN
ajfa-835	379	8	n.	n.	PROPN
ajfa-835	379	9	(	(	PUNCT
ajfa-835	379	10	2003	2003	NUM
ajfa-835	379	11	)	)	PUNCT
ajfa-835	379	12	.	.	PUNCT
ajfa-835	380	1	trade	trade	NOUN
ajfa-835	380	2	and	and	CCONJ
ajfa-835	380	3	co	co	NOUN
ajfa-835	380	4	-	-	NOUN
ajfa-835	380	5	movement	movement	NOUN
ajfa-835	380	6	of	of	ADP
ajfa-835	380	7	stock	stock	NOUN
ajfa-835	380	8	returns	return	NOUN
ajfa-835	380	9	,	,	PUNCT
ajfa-835	380	10	evidence	evidence	NOUN
ajfa-835	380	11	from	from	ADP
ajfa-835	380	12	japan	japan	PROPN
ajfa-835	380	13	.	.	PUNCT
ajfa-835	381	1	working	work	VERB
ajfa-835	381	2	paper	paper	PROPN
ajfa-835	381	3	,	,	PUNCT
ajfa-835	381	4	harvard	harvard	PROPN
ajfa-835	381	5	university	university	PROPN
ajfa-835	381	6	.	.	PUNCT
ajfa-835	382	1	greenwood	greenwood	PROPN
ajfa-835	382	2	,	,	PUNCT
ajfa-835	382	3	m.r	m.r	PROPN
ajfa-835	382	4	.	.	PROPN
ajfa-835	382	5	,	,	PUNCT
ajfa-835	382	6	sosner	sosner	NOUN
ajfa-835	382	7	n.	n.	NOUN
ajfa-835	382	8	(	(	PUNCT
ajfa-835	382	9	2007	2007	NUM
ajfa-835	382	10	)	)	PUNCT
ajfa-835	382	11	.	.	PUNCT
ajfa-835	383	1	trading	trading	NOUN
ajfa-835	383	2	patterns	pattern	NOUN
ajfa-835	383	3	and	and	CCONJ
ajfa-835	383	4	excess	excess	ADJ
ajfa-835	383	5	co	co	NOUN
ajfa-835	383	6	-	-	NOUN
ajfa-835	383	7	movement	movement	NOUN
ajfa-835	383	8	of	of	ADP
ajfa-835	383	9	stock	stock	NOUN
ajfa-835	383	10	returns	return	NOUN
ajfa-835	383	11	.	.	PUNCT
ajfa-835	384	1	financial	financial	ADJ
ajfa-835	384	2	analyst	analyst	NOUN
ajfa-835	384	3	journal	journal	NOUN
ajfa-835	384	4	,	,	PUNCT
ajfa-835	384	5	vol	vol	NOUN
ajfa-835	384	6	63	63	NUM
ajfa-835	384	7	,	,	PUNCT
ajfa-835	384	8	no.5	no.5	PROPN
ajfa-835	384	9	.	.	PUNCT
ajfa-835	385	1	http://dx.doi.org/10.2469/faj.v63.n5.4841	http://dx.doi.org/10.2469/faj.v63.n5.4841	PROPN
ajfa-835	385	2	harris	harris	PROPN
ajfa-835	385	3	,	,	PUNCT
ajfa-835	385	4	l.	l.	PROPN
ajfa-835	385	5	,	,	PUNCT
ajfa-835	385	6	&	&	CCONJ
ajfa-835	385	7	gurel	gurel	PROPN
ajfa-835	385	8	,	,	PUNCT
ajfa-835	385	9	e.	e.	PROPN
ajfa-835	385	10	(	(	PUNCT
ajfa-835	385	11	1986	1986	NUM
ajfa-835	385	12	)	)	PUNCT
ajfa-835	385	13	.	.	PUNCT
ajfa-835	386	1	price	price	NOUN
ajfa-835	386	2	and	and	CCONJ
ajfa-835	386	3	volume	volume	NOUN
ajfa-835	386	4	effects	effect	NOUN
ajfa-835	386	5	associated	associate	VERB
ajfa-835	386	6	with	with	ADP
ajfa-835	386	7	changes	change	NOUN
ajfa-835	386	8	in	in	ADP
ajfa-835	386	9	the	the	DET
ajfa-835	386	10	s&p	s&p	PROPN
ajfa-835	386	11	500	500	NUM
ajfa-835	386	12	list	list	NOUN
ajfa-835	386	13	,	,	PUNCT
ajfa-835	386	14	new	new	ADJ
ajfa-835	386	15	evidence	evidence	NOUN
ajfa-835	386	16	for	for	ADP
ajfa-835	386	17	the	the	DET
ajfa-835	386	18	existence	existence	NOUN
ajfa-835	386	19	of	of	ADP
ajfa-835	386	20	price	price	NOUN
ajfa-835	386	21	pressures	pressure	NOUN
ajfa-835	386	22	.	.	PUNCT
ajfa-835	387	1	journal	journal	PROPN
ajfa-835	387	2	of	of	ADP
ajfa-835	387	3	finance	finance	NOUN
ajfa-835	387	4	,	,	PUNCT
ajfa-835	387	5	41	41	NUM
ajfa-835	387	6	,	,	PUNCT
ajfa-835	387	7	815	815	NUM
ajfa-835	387	8	-	-	SYM
ajfa-835	387	9	829	829	NUM
ajfa-835	387	10	.	.	PUNCT
ajfa-835	388	1	http://dx.doi.org/10.2307/2328230	http://dx.doi.org/10.2307/2328230	PROPN
ajfa-835	388	2	asian	asian	ADJ
ajfa-835	388	3	journal	journal	PROPN
ajfa-835	388	4	of	of	ADP
ajfa-835	388	5	finance	finance	PROPN
ajfa-835	388	6	&	&	CCONJ
ajfa-835	388	7	accounting	accounting	PROPN
ajfa-835	388	8	issn	issn	PROPN
ajfa-835	388	9	1946	1946	NUM
ajfa-835	388	10	-	-	PUNCT
ajfa-835	388	11	052x	052x	NOUN
ajfa-835	388	12	2011	2011	NUM
ajfa-835	388	13	,	,	PUNCT
ajfa-835	388	14	vol	vol	NOUN
ajfa-835	388	15	.	.	PROPN
ajfa-835	389	1	3	3	NUM
ajfa-835	389	2	,	,	PUNCT
ajfa-835	389	3	no	no	INTJ
ajfa-835	389	4	.	.	NOUN
ajfa-835	389	5	1	1	NUM
ajfa-835	389	6	:	:	PUNCT
ajfa-835	389	7	e12	e12	NOUN
ajfa-835	389	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	389	9	204	204	NUM
ajfa-835	389	10	hacibedel	hacibedel	NOUN
ajfa-835	389	11	,	,	PUNCT
ajfa-835	389	12	b.	b.	PROPN
ajfa-835	389	13	(	(	PUNCT
ajfa-835	389	14	2008	2008	NUM
ajfa-835	389	15	)	)	PUNCT
ajfa-835	389	16	.	.	PUNCT
ajfa-835	390	1	index	index	NOUN
ajfa-835	390	2	changes	change	NOUN
ajfa-835	390	3	in	in	ADP
ajfa-835	390	4	emerging	emerge	VERB
ajfa-835	390	5	markets	market	NOUN
ajfa-835	390	6	.	.	PUNCT
ajfa-835	391	1	swedish	swedish	PROPN
ajfa-835	391	2	institute	institute	PROPN
ajfa-835	391	3	of	of	ADP
ajfa-835	391	4	financial	financial	ADJ
ajfa-835	391	5	research	research	NOUN
ajfa-835	391	6	working	working	NOUN
ajfa-835	391	7	paper	paper	NOUN
ajfa-835	391	8	,	,	PUNCT
ajfa-835	391	9	saltmatagatan	saltmatagatan	PROPN
ajfa-835	391	10	,	,	PUNCT
ajfa-835	391	11	19a	19a	NUM
ajfa-835	391	12	,	,	PUNCT
ajfa-835	391	13	se-113	se-113	PROPN
ajfa-835	391	14	,	,	PUNCT
ajfa-835	391	15	59	59	NUM
ajfa-835	391	16	,	,	PUNCT
ajfa-835	391	17	stockholm	stockholm	PROPN
ajfa-835	391	18	,	,	PUNCT
ajfa-835	391	19	sweden	sweden	PROPN
ajfa-835	391	20	.	.	PUNCT
ajfa-835	392	1	kasch	kasch	PROPN
ajfa-835	392	2	,	,	PUNCT
ajfa-835	392	3	m.	m.	NOUN
ajfa-835	392	4	,	,	PUNCT
ajfa-835	392	5	&	&	CCONJ
ajfa-835	392	6	sarkar	sarkar	PROPN
ajfa-835	392	7	,	,	PUNCT
ajfa-835	392	8	a.	a.	PROPN
ajfa-835	392	9	(	(	PUNCT
ajfa-835	392	10	2009	2009	NUM
ajfa-835	392	11	)	)	PUNCT
ajfa-835	392	12	.	.	PUNCT
ajfa-835	393	1	are	be	AUX
ajfa-835	393	2	comovement	comovement	ADJ
ajfa-835	393	3	ec	ec	PROPN
ajfa-835	393	4	=	=	NOUN
ajfa-835	393	5	xcessive	xcessive	NOUN
ajfa-835	393	6	?	?	PUNCT
ajfa-835	394	1	working	work	VERB
ajfa-835	394	2	paper	paper	NOUN
ajfa-835	394	3	(	(	PUNCT
ajfa-835	394	4	march	march	PROPN
ajfa-835	394	5	)	)	PUNCT
ajfa-835	394	6	,	,	PUNCT
ajfa-835	394	7	university	university	NOUN
ajfa-835	394	8	of	of	ADP
ajfa-835	394	9	bonn	bonn	PROPN
ajfa-835	394	10	;	;	PUNCT
ajfa-835	394	11	available	available	ADJ
ajfa-835	394	12	at	at	ADP
ajfa-835	394	13	ssrn	ssrn	NOUN
ajfa-835	394	14	:	:	PUNCT
ajfa-835	394	15	http://ssrn.com/abstract=1364539	http://ssrn.com/abstract=1364539	NOUN
ajfa-835	394	16	.	.	PUNCT
ajfa-835	395	1	lo	lo	PROPN
ajfa-835	395	2	,	,	PUNCT
ajfa-835	395	3	a.	a.	PROPN
ajfa-835	395	4	w.	w.	PROPN
ajfa-835	395	5	,	,	PUNCT
ajfa-835	395	6	&	&	CCONJ
ajfa-835	395	7	mackinlay	mackinlay	PROPN
ajfa-835	395	8	,	,	PUNCT
ajfa-835	395	9	a.	a.	PROPN
ajfa-835	395	10	c.	c.	PROPN
ajfa-835	395	11	(	(	PUNCT
ajfa-835	395	12	1988	1988	NUM
ajfa-835	395	13	)	)	PUNCT
ajfa-835	395	14	.	.	PUNCT
ajfa-835	396	1	stock	stock	NOUN
ajfa-835	396	2	market	market	NOUN
ajfa-835	396	3	prices	price	NOUN
ajfa-835	396	4	do	do	AUX
ajfa-835	396	5	not	not	PART
ajfa-835	396	6	follow	follow	VERB
ajfa-835	396	7	random	random	ADJ
ajfa-835	396	8	walks	walk	NOUN
ajfa-835	396	9	:	:	PUNCT
ajfa-835	396	10	evidence	evidence	NOUN
ajfa-835	396	11	from	from	ADP
ajfa-835	396	12	a	a	DET
ajfa-835	396	13	simple	simple	ADJ
ajfa-835	396	14	specification	specification	NOUN
ajfa-835	396	15	test	test	NOUN
ajfa-835	396	16	.	.	PUNCT
ajfa-835	397	1	review	review	NOUN
ajfa-835	397	2	of	of	ADP
ajfa-835	397	3	financial	financial	ADJ
ajfa-835	397	4	studies	study	NOUN
ajfa-835	397	5	,	,	PUNCT
ajfa-835	397	6	vol	vol	NOUN
ajfa-835	397	7	.	.	PROPN
ajfa-835	397	8	1	1	NUM
ajfa-835	397	9	,	,	PUNCT
ajfa-835	397	10	no	no	INTJ
ajfa-835	397	11	.	.	NOUN
ajfa-835	397	12	1	1	NUM
ajfa-835	397	13	(	(	PUNCT
ajfa-835	397	14	spring	spring	NOUN
ajfa-835	397	15	)	)	PUNCT
ajfa-835	397	16	,	,	PUNCT
ajfa-835	397	17	pp	pp	ADP
ajfa-835	397	18	.	.	PUNCT
ajfa-835	398	1	41	41	NUM
ajfa-835	398	2	-	-	SYM
ajfa-835	398	3	66	66	NUM
ajfa-835	398	4	.	.	PUNCT
ajfa-835	399	1	http://dx.doi.org/10.1093/rfs/1.1.41	http://dx.doi.org/10.1093/rfs/1.1.41	PROPN
ajfa-835	400	1	lo	lo	PROPN
ajfa-835	400	2	,	,	PUNCT
ajfa-835	400	3	a.	a.	PROPN
ajfa-835	400	4	w.	w.	PROPN
ajfa-835	400	5	,	,	PUNCT
ajfa-835	400	6	&	&	CCONJ
ajfa-835	400	7	mackinlay	mackinlay	PROPN
ajfa-835	400	8	,	,	PUNCT
ajfa-835	400	9	a.	a.	PROPN
ajfa-835	400	10	c.	c.	PROPN
ajfa-835	400	11	(	(	PUNCT
ajfa-835	400	12	1989	1989	NUM
ajfa-835	400	13	)	)	PUNCT
ajfa-835	400	14	.	.	PUNCT
ajfa-835	401	1	the	the	DET
ajfa-835	401	2	size	size	NOUN
ajfa-835	401	3	and	and	CCONJ
ajfa-835	401	4	power	power	NOUN
ajfa-835	401	5	of	of	ADP
ajfa-835	401	6	the	the	DET
ajfa-835	401	7	variance	variance	NOUN
ajfa-835	401	8	ratio	ratio	NOUN
ajfa-835	401	9	test	test	NOUN
ajfa-835	401	10	in	in	ADP
ajfa-835	401	11	finite	finite	ADJ
ajfa-835	401	12	samples	sample	NOUN
ajfa-835	401	13	:	:	PUNCT
ajfa-835	401	14	a	a	DET
ajfa-835	401	15	monte	monte	PROPN
ajfa-835	401	16	carlo	carlo	PROPN
ajfa-835	401	17	investigation	investigation	PROPN
ajfa-835	401	18	.	.	PUNCT
ajfa-835	402	1	journal	journal	PROPN
ajfa-835	402	2	of	of	ADP
ajfa-835	402	3	econometrics	econometric	NOUN
ajfa-835	402	4	,	,	PUNCT
ajfa-835	402	5	vol	vol	NOUN
ajfa-835	402	6	.	.	PROPN
ajfa-835	402	7	40	40	NUM
ajfa-835	402	8	,	,	PUNCT
ajfa-835	402	9	pp.203	pp.203	PROPN
ajfa-835	402	10	-	-	PUNCT
ajfa-835	402	11	238	238	NUM
ajfa-835	402	12	.	.	PUNCT
ajfa-835	403	1	http://dx.doi.org/10.1016/0304-4076(89)90083-3	http://dx.doi.org/10.1016/0304-4076(89)90083-3	PROPN
ajfa-835	403	2	lynch	lynch	PROPN
ajfa-835	403	3	,	,	PUNCT
ajfa-835	403	4	a.	a.	PROPN
ajfa-835	403	5	,	,	PUNCT
ajfa-835	403	6	&	&	CCONJ
ajfa-835	403	7	mendenhall	mendenhall	PROPN
ajfa-835	403	8	,	,	PUNCT
ajfa-835	403	9	r.	r.	PROPN
ajfa-835	403	10	(	(	PUNCT
ajfa-835	403	11	1997	1997	NUM
ajfa-835	403	12	)	)	PUNCT
ajfa-835	403	13	.	.	PUNCT
ajfa-835	404	1	new	new	ADJ
ajfa-835	404	2	evidence	evidence	NOUN
ajfa-835	404	3	on	on	ADP
ajfa-835	404	4	stock	stock	NOUN
ajfa-835	404	5	price	price	NOUN
ajfa-835	404	6	effects	effect	NOUN
ajfa-835	404	7	associated	associate	VERB
ajfa-835	404	8	with	with	ADP
ajfa-835	404	9	changes	change	NOUN
ajfa-835	404	10	in	in	ADP
ajfa-835	404	11	the	the	DET
ajfa-835	404	12	s&p	s&p	PROPN
ajfa-835	404	13	500	500	NUM
ajfa-835	404	14	.	.	PUNCT
ajfa-835	405	1	journal	journal	PROPN
ajfa-835	405	2	of	of	ADP
ajfa-835	405	3	business	business	NOUN
ajfa-835	405	4	,	,	PUNCT
ajfa-835	405	5	70	70	NUM
ajfa-835	405	6	,	,	PUNCT
ajfa-835	405	7	351	351	NUM
ajfa-835	405	8	-	-	SYM
ajfa-835	405	9	384	384	NUM
ajfa-835	405	10	.	.	PUNCT
ajfa-835	406	1	http://dx.doi.org/10.1086/209722	http://dx.doi.org/10.1086/209722	PROPN
ajfa-835	406	2	mitchel	mitchel	PROPN
ajfa-835	406	3	,	,	PUNCT
ajfa-835	406	4	m.	m.	NOUN
ajfa-835	406	5	,	,	PUNCT
ajfa-835	406	6	pulvino	pulvino	NOUN
ajfa-835	406	7	,	,	PUNCT
ajfa-835	406	8	t.	t.	PROPN
ajfa-835	406	9	&	&	CCONJ
ajfa-835	406	10	stafford	stafford	PROPN
ajfa-835	406	11	,	,	PUNCT
ajfa-835	406	12	e.	e.	PROPN
ajfa-835	406	13	(	(	PUNCT
ajfa-835	406	14	2004	2004	NUM
ajfa-835	406	15	)	)	PUNCT
ajfa-835	406	16	.	.	PUNCT
ajfa-835	407	1	price	price	NOUN
ajfa-835	407	2	pressure	pressure	NOUN
ajfa-835	407	3	around	around	ADP
ajfa-835	407	4	mergers	merger	NOUN
ajfa-835	407	5	.	.	PUNCT
ajfa-835	408	1	journal	journal	PROPN
ajfa-835	408	2	of	of	ADP
ajfa-835	408	3	finance	finance	NOUN
ajfa-835	408	4	,	,	PUNCT
ajfa-835	408	5	59	59	NUM
ajfa-835	408	6	,	,	PUNCT
ajfa-835	408	7	1	1	NUM
ajfa-835	408	8	,	,	PUNCT
ajfa-835	408	9	pp	pp	ADJ
ajfa-835	408	10	.	.	PUNCT
ajfa-835	409	1	31	31	NUM
ajfa-835	409	2	-	-	SYM
ajfa-835	409	3	63	63	NUM
ajfa-835	409	4	.	.	PUNCT
ajfa-835	410	1	http://dx.doi.org/10.1111/j.1540-6261.2004.00626.x	http://dx.doi.org/10.1111/j.1540-6261.2004.00626.x	PRON
ajfa-835	410	2	national	national	PROPN
ajfa-835	410	3	stock	stock	PROPN
ajfa-835	410	4	exchange	exchange	PROPN
ajfa-835	410	5	website	website	NOUN
ajfa-835	410	6	,	,	PUNCT
ajfa-835	410	7	nse-india.com	nse-india.com	PROPN
ajfa-835	410	8	.	.	PROPN
ajfa-835	410	9	parthasarthy	parthasarthy	PROPN
ajfa-835	410	10	,	,	PUNCT
ajfa-835	410	11	s.	s.	PROPN
ajfa-835	410	12	(	(	PUNCT
ajfa-835	410	13	2010	2010	NUM
ajfa-835	410	14	)	)	PUNCT
ajfa-835	410	15	.	.	PUNCT
ajfa-835	411	1	price	price	NOUN
ajfa-835	411	2	and	and	CCONJ
ajfa-835	411	3	volume	volume	NOUN
ajfa-835	411	4	effects	effect	NOUN
ajfa-835	411	5	associated	associate	VERB
ajfa-835	411	6	with	with	ADP
ajfa-835	411	7	index	index	NOUN
ajfa-835	411	8	additions	addition	NOUN
ajfa-835	411	9	:	:	PUNCT
ajfa-835	411	10	evidence	evidence	NOUN
ajfa-835	411	11	from	from	ADP
ajfa-835	411	12	the	the	DET
ajfa-835	411	13	indian	indian	ADJ
ajfa-835	411	14	stock	stock	NOUN
ajfa-835	411	15	market	market	NOUN
ajfa-835	411	16	.	.	PUNCT
ajfa-835	412	1	asian	asian	ADJ
ajfa-835	412	2	journal	journal	PROPN
ajfa-835	412	3	of	of	ADP
ajfa-835	412	4	finance	finance	PROPN
ajfa-835	412	5	&	&	CCONJ
ajfa-835	412	6	accounting	accounting	PROPN
ajfa-835	412	7	,	,	PUNCT
ajfa-835	412	8	vol	vol	NOUN
ajfa-835	412	9	2	2	NUM
ajfa-835	412	10	.	.	PUNCT
ajfa-835	412	11	no.2	no.2	PROPN
ajfa-835	412	12	,	,	PUNCT
ajfa-835	412	13	pp.55	pp.55	NOUN
ajfa-835	412	14	-	-	PUNCT
ajfa-835	412	15	80	80	NUM
ajfa-835	412	16	.	.	PUNCT
ajfa-835	413	1	scholes	schole	NOUN
ajfa-835	413	2	,	,	PUNCT
ajfa-835	413	3	m.s	m.s	PROPN
ajfa-835	413	4	.	.	PROPN
ajfa-835	413	5	,	,	PUNCT
ajfa-835	413	6	&	&	CCONJ
ajfa-835	413	7	williams	williams	PROPN
ajfa-835	413	8	,	,	PUNCT
ajfa-835	413	9	j.t	j.t	PROPN
ajfa-835	413	10	.	.	PROPN
ajfa-835	413	11	(	(	PUNCT
ajfa-835	413	12	1977	1977	NUM
ajfa-835	413	13	)	)	PUNCT
ajfa-835	413	14	,	,	PUNCT
ajfa-835	413	15	estimating	estimate	VERB
ajfa-835	413	16	betas	beta	NOUN
ajfa-835	413	17	from	from	ADP
ajfa-835	413	18	non	non	ADJ
ajfa-835	413	19	-	-	ADJ
ajfa-835	413	20	synchronous	synchronous	ADJ
ajfa-835	413	21	data	datum	NOUN
ajfa-835	413	22	.	.	PUNCT
ajfa-835	414	1	journal	journal	PROPN
ajfa-835	414	2	of	of	ADP
ajfa-835	414	3	financial	financial	ADJ
ajfa-835	414	4	economic	economic	ADJ
ajfa-835	414	5	,	,	PUNCT
ajfa-835	414	6	5	5	NUM
ajfa-835	414	7	,	,	PUNCT
ajfa-835	414	8	309	309	NUM
ajfa-835	414	9	-	-	SYM
ajfa-835	414	10	327	327	NUM
ajfa-835	414	11	.	.	PUNCT
ajfa-835	415	1	http://dx.doi.org/10.1016/0304-405x(77)90041-1	http://dx.doi.org/10.1016/0304-405x(77)90041-1	DET
ajfa-835	415	2	shleifer	shleifer	NOUN
ajfa-835	415	3	,	,	PUNCT
ajfa-835	415	4	a.	a.	NOUN
ajfa-835	415	5	(	(	PUNCT
ajfa-835	415	6	1986	1986	NUM
ajfa-835	415	7	)	)	PUNCT
ajfa-835	415	8	.	.	PUNCT
ajfa-835	416	1	do	do	AUX
ajfa-835	416	2	demand	demand	NOUN
ajfa-835	416	3	curve	curve	NOUN
ajfa-835	416	4	for	for	ADP
ajfa-835	416	5	stocks	stock	NOUN
ajfa-835	416	6	slope	slope	VERB
ajfa-835	416	7	down	down	ADP
ajfa-835	416	8	?	?	PUNCT
ajfa-835	417	1	journal	journal	NOUN
ajfa-835	417	2	of	of	ADP
ajfa-835	417	3	finance	finance	NOUN
ajfa-835	417	4	,	,	PUNCT
ajfa-835	417	5	41	41	NUM
ajfa-835	417	6	,	,	PUNCT
ajfa-835	417	7	579	579	NUM
ajfa-835	417	8	-	-	SYM
ajfa-835	417	9	590	590	NUM
ajfa-835	417	10	.	.	PUNCT
ajfa-835	418	1	http://dx.doi.org/10.2307/2328486	http://dx.doi.org/10.2307/2328486	PROPN
ajfa-835	418	2	vijh	vijh	NOUN
ajfa-835	418	3	,	,	PUNCT
ajfa-835	418	4	a.m.	a.m.	PROPN
ajfa-835	418	5	(	(	PUNCT
ajfa-835	418	6	1994	1994	NUM
ajfa-835	418	7	)	)	PUNCT
ajfa-835	418	8	.	.	PUNCT
ajfa-835	419	1	s&p	s&p	PROPN
ajfa-835	419	2	500	500	NUM
ajfa-835	419	3	trading	trading	NOUN
ajfa-835	419	4	strategies	strategy	NOUN
ajfa-835	419	5	and	and	CCONJ
ajfa-835	419	6	stock	stock	NOUN
ajfa-835	419	7	betas	beta	NOUN
ajfa-835	419	8	.	.	PUNCT
ajfa-835	420	1	review	review	NOUN
ajfa-835	420	2	of	of	ADP
ajfa-835	420	3	financial	financial	ADJ
ajfa-835	420	4	studies	study	NOUN
ajfa-835	420	5	,	,	PUNCT
ajfa-835	420	6	7	7	NUM
ajfa-835	420	7	,	,	PUNCT
ajfa-835	420	8	215	215	NUM
ajfa-835	420	9	-	-	SYM
ajfa-835	420	10	251	251	NUM
ajfa-835	420	11	.	.	PUNCT
ajfa-835	421	1	http://dx.doi.org/10.1093/rfs/7.1.215	http://dx.doi.org/10.1093/rfs/7.1.215	PROPN
ajfa-835	421	2	wurgler	wurgler	NOUN
ajfa-835	421	3	,	,	PUNCT
ajfa-835	421	4	j.	j.	PROPN
ajfa-835	421	5	,	,	PUNCT
ajfa-835	421	6	&	&	CCONJ
ajfa-835	421	7	zhuravskaya	zhuravskaya	PROPN
ajfa-835	421	8	,	,	PUNCT
ajfa-835	421	9	e.	e.	PROPN
ajfa-835	421	10	(	(	PUNCT
ajfa-835	421	11	2002	2002	NUM
ajfa-835	421	12	)	)	PUNCT
ajfa-835	421	13	.	.	PUNCT
ajfa-835	422	1	does	do	AUX
ajfa-835	422	2	arbitrage	arbitrage	NOUN
ajfa-835	422	3	flatten	flatten	VERB
ajfa-835	422	4	demand	demand	NOUN
ajfa-835	422	5	curve	curve	NOUN
ajfa-835	422	6	for	for	ADP
ajfa-835	422	7	stocks	stock	NOUN
ajfa-835	422	8	?	?	PUNCT
ajfa-835	423	1	journal	journal	NOUN
ajfa-835	423	2	of	of	ADP
ajfa-835	423	3	business	business	NOUN
ajfa-835	423	4	,	,	PUNCT
ajfa-835	423	5	75	75	NUM
ajfa-835	423	6	,	,	PUNCT
ajfa-835	423	7	583	583	NUM
ajfa-835	423	8	-	-	SYM
ajfa-835	423	9	608	608	NUM
ajfa-835	423	10	.	.	PUNCT
ajfa-835	423	11	http://dx.doi.org/10.1086/341636	http://dx.doi.org/10.1086/341636	PROPN
ajfa-835	423	12	yafeh	yafeh	PROPN
ajfa-835	423	13	,	,	PUNCT
ajfa-835	423	14	y.	y.	PROPN
ajfa-835	423	15	,	,	PUNCT
ajfa-835	423	16	&	&	CCONJ
ajfa-835	423	17	claessens	claessen	NOUN
ajfa-835	423	18	,	,	PUNCT
ajfa-835	423	19	s.	s.	PROPN
ajfa-835	423	20	(	(	PUNCT
ajfa-835	423	21	2009	2009	NUM
ajfa-835	423	22	)	)	PUNCT
ajfa-835	423	23	.	.	PUNCT
ajfa-835	424	1	additions	addition	NOUN
ajfa-835	424	2	to	to	ADP
ajfa-835	424	3	market	market	NOUN
ajfa-835	424	4	indices	index	NOUN
ajfa-835	424	5	and	and	CCONJ
ajfa-835	424	6	the	the	DET
ajfa-835	424	7	co	co	NOUN
ajfa-835	424	8	-	-	NOUN
ajfa-835	424	9	movement	movement	NOUN
ajfa-835	424	10	of	of	ADP
ajfa-835	424	11	stock	stock	NOUN
ajfa-835	424	12	returns	return	NOUN
ajfa-835	424	13	around	around	ADP
ajfa-835	424	14	the	the	DET
ajfa-835	424	15	world	world	NOUN
ajfa-835	424	16	.	.	PUNCT
ajfa-835	425	1	www.cepr.org/	www.cepr.org/	PRON
ajfa-835	425	2	pubs	pub	NOUN
ajfa-835	425	3	/	/	SYM
ajfa-835	425	4	dps	dps	NOUN
ajfa-835	425	5	/	/	SYM
ajfa-835	425	6	dp7052.asp	dp7052.asp	NOUN
ajfa-835	425	7	.	.	NOUN
ajfa-835	425	8	,	,	PUNCT
ajfa-835	425	9	centre	centre	NOUN
ajfa-835	425	10	for	for	ADP
ajfa-835	425	11	economic	economic	ADJ
ajfa-835	425	12	policy	policy	NOUN
ajfa-835	425	13	research	research	NOUN
ajfa-835	425	14	.	.	PUNCT
ajfa-835	426	1	appendix	appendix	VERB
ajfa-835	426	2	the	the	DET
ajfa-835	426	3	information	information	NOUN
ajfa-835	426	4	diffusion	diffusion	NOUN
ajfa-835	426	5	view	view	NOUN
ajfa-835	426	6	contends	contend	VERB
ajfa-835	426	7	that	that	SCONJ
ajfa-835	426	8	the	the	DET
ajfa-835	426	9	large	large	ADJ
ajfa-835	426	10	liquid	liquid	ADJ
ajfa-835	426	11	stocks	stock	NOUN
ajfa-835	426	12	impound	impound	VERB
ajfa-835	426	13	information	information	NOUN
ajfa-835	426	14	efficiently	efficiently	ADV
ajfa-835	426	15	compared	compare	VERB
ajfa-835	426	16	to	to	ADP
ajfa-835	426	17	smaller	small	ADJ
ajfa-835	426	18	less	less	ADV
ajfa-835	426	19	liquid	liquid	ADJ
ajfa-835	426	20	stocks	stock	NOUN
ajfa-835	426	21	and	and	CCONJ
ajfa-835	426	22	consequently	consequently	ADV
ajfa-835	426	23	priced	price	VERB
ajfa-835	426	24	fairly	fairly	ADV
ajfa-835	426	25	most	most	ADJ
ajfa-835	426	26	of	of	ADP
ajfa-835	426	27	the	the	DET
ajfa-835	426	28	time	time	NOUN
ajfa-835	426	29	.	.	PUNCT
ajfa-835	427	1	this	this	PRON
ajfa-835	427	2	implies	imply	VERB
ajfa-835	427	3	that	that	SCONJ
ajfa-835	427	4	the	the	DET
ajfa-835	427	5	nifty	nifty	ADJ
ajfa-835	427	6	index	index	NOUN
ajfa-835	427	7	would	would	AUX
ajfa-835	427	8	lead	lead	VERB
ajfa-835	427	9	the	the	DET
ajfa-835	427	10	other	other	ADJ
ajfa-835	427	11	secondary	secondary	ADJ
ajfa-835	427	12	indices	index	NOUN
ajfa-835	427	13	in	in	ADP
ajfa-835	427	14	the	the	DET
ajfa-835	427	15	indian	indian	ADJ
ajfa-835	427	16	stock	stock	NOUN
ajfa-835	427	17	market	market	NOUN
ajfa-835	427	18	.	.	PUNCT
ajfa-835	428	1	barberis	barberis	PROPN
ajfa-835	428	2	et	et	PROPN
ajfa-835	428	3	al	al	PROPN
ajfa-835	428	4	(	(	PUNCT
ajfa-835	428	5	2004	2004	NUM
ajfa-835	428	6	)	)	PUNCT
ajfa-835	428	7	differentiates	differentiate	NOUN
ajfa-835	428	8	between	between	ADP
ajfa-835	428	9	the	the	DET
ajfa-835	428	10	category	category	NOUN
ajfa-835	428	11	–	–	PUNCT
ajfa-835	428	12	habitat	habitat	NOUN
ajfa-835	428	13	theories	theory	NOUN
ajfa-835	428	14	with	with	ADP
ajfa-835	428	15	that	that	PRON
ajfa-835	428	16	of	of	ADP
ajfa-835	428	17	slow	slow	ADJ
ajfa-835	428	18	information	information	NOUN
ajfa-835	428	19	diffusion	diffusion	NOUN
ajfa-835	428	20	view	view	NOUN
ajfa-835	428	21	(	(	PUNCT
ajfa-835	428	22	fundamental	fundamental	ADJ
ajfa-835	428	23	view	view	NOUN
ajfa-835	428	24	)	)	PUNCT
ajfa-835	428	25	for	for	ADP
ajfa-835	428	26	co	co	NOUN
ajfa-835	428	27	-	-	NOUN
ajfa-835	428	28	movement	movement	NOUN
ajfa-835	428	29	subsequent	subsequent	ADJ
ajfa-835	428	30	to	to	ADP
ajfa-835	428	31	index	index	NOUN
ajfa-835	428	32	changes	change	NOUN
ajfa-835	428	33	.	.	PUNCT
ajfa-835	429	1	coakley	coakley	NOUN
ajfa-835	429	2	and	and	CCONJ
ajfa-835	429	3	kougalis(2004	kougalis(2004	PROPN
ajfa-835	429	4	)	)	PUNCT
ajfa-835	429	5	studying	study	VERB
ajfa-835	429	6	ftse	ftse	NOUN
ajfa-835	429	7	100	100	NUM
ajfa-835	429	8	additions	addition	NOUN
ajfa-835	429	9	in	in	ADP
ajfa-835	429	10	the	the	DET
ajfa-835	429	11	london	london	PROPN
ajfa-835	429	12	asian	asian	PROPN
ajfa-835	429	13	journal	journal	PROPN
ajfa-835	429	14	of	of	ADP
ajfa-835	429	15	finance	finance	PROPN
ajfa-835	429	16	&	&	CCONJ
ajfa-835	429	17	accounting	accounting	PROPN
ajfa-835	429	18	issn	issn	PROPN
ajfa-835	429	19	1946	1946	NUM
ajfa-835	429	20	-	-	PUNCT
ajfa-835	429	21	052x	052x	NOUN
ajfa-835	429	22	2011	2011	NUM
ajfa-835	429	23	,	,	PUNCT
ajfa-835	429	24	vol	vol	NOUN
ajfa-835	429	25	.	.	PROPN
ajfa-835	430	1	3	3	NUM
ajfa-835	430	2	,	,	PUNCT
ajfa-835	430	3	no	no	INTJ
ajfa-835	430	4	.	.	NOUN
ajfa-835	430	5	1	1	NUM
ajfa-835	430	6	:	:	PUNCT
ajfa-835	430	7	e12	e12	NOUN
ajfa-835	430	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	430	9	205	205	NUM
ajfa-835	430	10	stock	stock	NOUN
ajfa-835	430	11	market	market	NOUN
ajfa-835	430	12	evidence	evidence	NOUN
ajfa-835	430	13	that	that	SCONJ
ajfa-835	430	14	the	the	DET
ajfa-835	430	15	bench	bench	NOUN
ajfa-835	430	16	mark	mark	NOUN
ajfa-835	430	17	ftse	ftse	PROPN
ajfa-835	430	18	100	100	NUM
ajfa-835	430	19	index	index	NOUN
ajfa-835	430	20	leads	lead	VERB
ajfa-835	430	21	other	other	ADJ
ajfa-835	430	22	secondary	secondary	ADJ
ajfa-835	430	23	indices	index	NOUN
ajfa-835	430	24	up	up	ADP
ajfa-835	430	25	to	to	PART
ajfa-835	430	26	five	five	NUM
ajfa-835	430	27	lags	lag	NOUN
ajfa-835	430	28	.	.	PUNCT
ajfa-835	431	1	granger	granger	PROPN
ajfa-835	431	2	causality	causality	PROPN
ajfa-835	431	3	test	test	NOUN
ajfa-835	431	4	is	be	AUX
ajfa-835	431	5	used	use	VERB
ajfa-835	431	6	to	to	PART
ajfa-835	431	7	test	test	VERB
ajfa-835	431	8	whether	whether	SCONJ
ajfa-835	431	9	nifty	nifty	ADJ
ajfa-835	431	10	index	index	NOUN
ajfa-835	431	11	returns	return	NOUN
ajfa-835	431	12	causes	cause	VERB
ajfa-835	431	13	or	or	CCONJ
ajfa-835	431	14	leads	lead	VERB
ajfa-835	431	15	the	the	DET
ajfa-835	431	16	non	non	ADJ
ajfa-835	431	17	-	-	ADJ
ajfa-835	431	18	nifty	nifty	ADJ
ajfa-835	431	19	returns	return	NOUN
ajfa-835	431	20	or	or	CCONJ
ajfa-835	431	21	vice	vice	NOUN
ajfa-835	431	22	versa	versa	NOUN
ajfa-835	431	23	in	in	ADP
ajfa-835	431	24	the	the	DET
ajfa-835	431	25	indian	indian	ADJ
ajfa-835	431	26	stock	stock	NOUN
ajfa-835	431	27	market	market	NOUN
ajfa-835	431	28	.	.	PUNCT
ajfa-835	432	1	according	accord	VERB
ajfa-835	432	2	to	to	ADP
ajfa-835	432	3	granger	granger	PROPN
ajfa-835	432	4	causality	causality	PROPN
ajfa-835	432	5	,	,	PUNCT
ajfa-835	432	6	if	if	SCONJ
ajfa-835	432	7	a	a	DET
ajfa-835	432	8	series	series	NOUN
ajfa-835	432	9	x	x	X
ajfa-835	432	10	granger	granger	NOUN
ajfa-835	432	11	causes	cause	VERB
ajfa-835	432	12	or	or	CCONJ
ajfa-835	432	13	leads	lead	VERB
ajfa-835	432	14	a	a	DET
ajfa-835	432	15	series	series	NOUN
ajfa-835	432	16	y	y	PROPN
ajfa-835	432	17	,	,	PUNCT
ajfa-835	432	18	then	then	ADV
ajfa-835	432	19	past	past	ADJ
ajfa-835	432	20	values	value	NOUN
ajfa-835	432	21	of	of	ADP
ajfa-835	432	22	x	x	PRON
ajfa-835	432	23	should	should	AUX
ajfa-835	432	24	contain	contain	VERB
ajfa-835	432	25	information	information	NOUN
ajfa-835	432	26	to	to	PART
ajfa-835	432	27	predict	predict	VERB
ajfa-835	432	28	y	y	PRON
ajfa-835	432	29	above	above	ADV
ajfa-835	432	30	and	and	CCONJ
ajfa-835	432	31	beyond	beyond	ADP
ajfa-835	432	32	the	the	DET
ajfa-835	432	33	information	information	NOUN
ajfa-835	432	34	contained	contain	VERB
ajfa-835	432	35	in	in	ADP
ajfa-835	432	36	the	the	DET
ajfa-835	432	37	past	past	ADJ
ajfa-835	432	38	values	value	NOUN
ajfa-835	432	39	of	of	ADP
ajfa-835	432	40	y	y	PROPN
ajfa-835	432	41	alone	alone	ADV
ajfa-835	432	42	.	.	PUNCT
ajfa-835	433	1	granger	granger	PROPN
ajfa-835	433	2	causality	causality	PROPN
ajfa-835	433	3	is	be	AUX
ajfa-835	433	4	normally	normally	ADV
ajfa-835	433	5	tested	test	VERB
ajfa-835	433	6	in	in	ADP
ajfa-835	433	7	the	the	DET
ajfa-835	433	8	context	context	NOUN
ajfa-835	433	9	of	of	ADP
ajfa-835	433	10	linear	linear	PROPN
ajfa-835	433	11	regression	regression	NOUN
ajfa-835	433	12	models	model	NOUN
ajfa-835	433	13	.	.	PUNCT
ajfa-835	434	1	granger	granger	PROPN
ajfa-835	434	2	causality	causality	PROPN
ajfa-835	434	3	measures	measure	NOUN
ajfa-835	434	4	precedence	precedence	VERB
ajfa-835	434	5	and	and	CCONJ
ajfa-835	434	6	information	information	NOUN
ajfa-835	434	7	content	content	NOUN
ajfa-835	434	8	but	but	CCONJ
ajfa-835	434	9	does	do	AUX
ajfa-835	434	10	not	not	PART
ajfa-835	434	11	indicate	indicate	VERB
ajfa-835	434	12	causality	causality	NOUN
ajfa-835	434	13	in	in	ADP
ajfa-835	434	14	the	the	DET
ajfa-835	434	15	normal	normal	ADJ
ajfa-835	434	16	sense	sense	NOUN
ajfa-835	434	17	of	of	ADP
ajfa-835	434	18	the	the	DET
ajfa-835	434	19	term	term	NOUN
ajfa-835	434	20	.	.	PUNCT
ajfa-835	435	1	consider	consider	VERB
ajfa-835	435	2	the	the	DET
ajfa-835	435	3	following	follow	VERB
ajfa-835	435	4	bivariate	bivariate	ADJ
ajfa-835	435	5	linear	linear	ADJ
ajfa-835	435	6	auto	auto	NOUN
ajfa-835	435	7	regressive	regressive	ADJ
ajfa-835	435	8	model	model	NOUN
ajfa-835	435	9			X
ajfa-835	435	10			X
ajfa-835	436	1			NUM
ajfa-835	436	2			NUM
ajfa-835	436	3			NOUN
ajfa-835	436	4			VERB
ajfa-835	436	5	p	p	X
ajfa-835	437	1	i	i	PRON
ajfa-835	437	2	p	p	X
ajfa-835	438	1	i	i	PRON
ajfa-835	438	2	tvitiitit	tvitiitit	VERB
ajfa-835	438	3	urniftyjrrniftyrnifty	urniftyjrrniftyrnifty	ADJ
ajfa-835	438	4	1	1	NUM
ajfa-835	438	5	1	1	NUM
ajfa-835	438	6	,	,	PUNCT
ajfa-835	438	7			NOUN
ajfa-835	438	8	(	(	PUNCT
ajfa-835	438	9	5	5	NUM
ajfa-835	438	10	)	)	PUNCT
ajfa-835	438	11			X
ajfa-835	438	12			X
ajfa-835	439	1			NUM
ajfa-835	439	2			NUM
ajfa-835	439	3			NOUN
ajfa-835	439	4			VERB
ajfa-835	439	5	p	p	X
ajfa-835	440	1	i	i	PRON
ajfa-835	440	2	p	p	PROPN
ajfa-835	441	1	i	i	PRON
ajfa-835	441	2	tritiitit	tritiitit	NOUN
ajfa-835	441	3	urniftyrniftyjrrniftyjr	urniftyrniftyjrrniftyjr	VERB
ajfa-835	441	4	1	1	NUM
ajfa-835	441	5	1	1	NUM
ajfa-835	441	6	,	,	PUNCT
ajfa-835	441	7			NOUN
ajfa-835	441	8	(	(	PUNCT
ajfa-835	441	9	6	6	NUM
ajfa-835	441	10	)	)	PUNCT
ajfa-835	441	11	where	where	SCONJ
ajfa-835	441	12	,	,	PUNCT
ajfa-835	441	13	‘	'	PUNCT
ajfa-835	441	14	p	p	X
ajfa-835	441	15	’	'	PUNCT
ajfa-835	441	16	is	be	AUX
ajfa-835	441	17	maximum	maximum	ADJ
ajfa-835	441	18	number	number	NOUN
ajfa-835	441	19	of	of	ADP
ajfa-835	441	20	lagged	lag	VERB
ajfa-835	441	21	observations	observation	NOUN
ajfa-835	441	22	included	include	VERB
ajfa-835	441	23	in	in	ADP
ajfa-835	441	24	the	the	DET
ajfa-835	441	25	model	model	NOUN
ajfa-835	441	26	.	.	PUNCT
ajfa-835	442	1	rnifty	rnifty	PROPN
ajfa-835	442	2	,	,	PUNCT
ajfa-835	442	3	rniftyjr	rniftyjr	NOUN
ajfa-835	442	4	represents	represent	VERB
ajfa-835	442	5	nifty	nifty	ADJ
ajfa-835	442	6	return	return	NOUN
ajfa-835	442	7	and	and	CCONJ
ajfa-835	442	8	niftyjunior	niftyjunior	ADJ
ajfa-835	442	9	return	return	NOUN
ajfa-835	442	10	respectively	respectively	ADV
ajfa-835	442	11	.	.	PUNCT
ajfa-835	443	1	this	this	DET
ajfa-835	443	2	study	study	NOUN
ajfa-835	443	3	uses	use	VERB
ajfa-835	443	4	3	3	NUM
ajfa-835	443	5	lags	lag	NOUN
ajfa-835	443	6	as	as	SCONJ
ajfa-835	443	7	determined	determine	VERB
ajfa-835	443	8	by	by	ADP
ajfa-835	443	9	akaike	akaike	ADJ
ajfa-835	443	10	information	information	NOUN
ajfa-835	443	11	criterion(aic	criterion(aic	ADJ
ajfa-835	443	12	)	)	PUNCT
ajfa-835	443	13	and	and	CCONJ
ajfa-835	443	14	schwarz	schwarz	PROPN
ajfa-835	443	15	criterion	criterion	NOUN
ajfa-835	443	16	.	.	PUNCT
ajfa-835	444	1	in	in	ADP
ajfa-835	444	2	the	the	DET
ajfa-835	444	3	equation	equation	NOUN
ajfa-835	444	4	(	(	PUNCT
ajfa-835	444	5	6	6	NUM
ajfa-835	444	6	)	)	PUNCT
ajfa-835	444	7	,	,	PUNCT
ajfa-835	444	8	if	if	SCONJ
ajfa-835	444	9	γi	γi	PROPN
ajfa-835	444	10	coefficients	coefficient	NOUN
ajfa-835	444	11	are	be	AUX
ajfa-835	444	12	statistically	statistically	ADV
ajfa-835	444	13	significant	significant	ADJ
ajfa-835	444	14	,	,	PUNCT
ajfa-835	444	15	then	then	ADV
ajfa-835	444	16	including	include	VERB
ajfa-835	444	17	lagged	lag	VERB
ajfa-835	444	18	values	value	NOUN
ajfa-835	444	19	of	of	ADP
ajfa-835	444	20	both	both	CCONJ
ajfa-835	444	21	nifty	nifty	ADJ
ajfa-835	444	22	returns	return	NOUN
ajfa-835	444	23	series	series	NOUN
ajfa-835	444	24	and	and	CCONJ
ajfa-835	444	25	niftyjunior	niftyjunior	ADJ
ajfa-835	444	26	returns	return	NOUN
ajfa-835	444	27	series	series	NOUN
ajfa-835	444	28	gives	give	VERB
ajfa-835	444	29	a	a	DET
ajfa-835	444	30	better	well	ADJ
ajfa-835	444	31	forecast	forecast	NOUN
ajfa-835	444	32	of	of	ADP
ajfa-835	444	33	niftyjunior	niftyjunior	ADJ
ajfa-835	444	34	returns	return	NOUN
ajfa-835	444	35	.	.	PUNCT
ajfa-835	445	1	in	in	ADP
ajfa-835	445	2	this	this	DET
ajfa-835	445	3	study	study	NOUN
ajfa-835	445	4	,	,	PUNCT
ajfa-835	445	5	bivariate	bivariate	ADJ
ajfa-835	445	6	regression	regression	NOUN
ajfa-835	445	7	is	be	AUX
ajfa-835	445	8	run	run	VERB
ajfa-835	445	9	for	for	ADP
ajfa-835	445	10	all	all	DET
ajfa-835	445	11	possible	possible	ADJ
ajfa-835	445	12	combinations	combination	NOUN
ajfa-835	445	13	in	in	ADP
ajfa-835	445	14	the	the	DET
ajfa-835	445	15	group	group	NOUN
ajfa-835	445	16	.	.	PUNCT
ajfa-835	446	1	the	the	DET
ajfa-835	446	2	reported	report	VERB
ajfa-835	446	3	f	f	NOUN
ajfa-835	446	4	-	-	PUNCT
ajfa-835	446	5	statistic	statistic	NOUN
ajfa-835	446	6	is	be	AUX
ajfa-835	446	7	the	the	DET
ajfa-835	446	8	wald	wald	PROPN
ajfa-835	446	9	statistic	statistic	PROPN
ajfa-835	446	10	test	test	NOUN
ajfa-835	446	11	is	be	AUX
ajfa-835	446	12	used	use	VERB
ajfa-835	446	13	to	to	PART
ajfa-835	446	14	test	test	VERB
ajfa-835	446	15	for	for	ADP
ajfa-835	446	16	joint	joint	ADJ
ajfa-835	446	17	hypothesis	hypothesis	NOUN
ajfa-835	446	18	,	,	PUNCT
ajfa-835	446	19	γ1	γ1	NOUN
ajfa-835	446	20	=	=	SYM
ajfa-835	446	21	γ2	γ2	PROPN
ajfa-835	446	22	=	=	SYM
ajfa-835	446	23	…	…	PUNCT
ajfa-835	446	24	..	..	PUNCT
ajfa-835	447	1	=	=	SYM
ajfa-835	447	2	γi	γi	NOUN
ajfa-835	447	3	=	=	SYM
ajfa-835	447	4	0	0	NUM
ajfa-835	447	5	(	(	PUNCT
ajfa-835	447	6	7	7	NUM
ajfa-835	447	7	)	)	PUNCT
ajfa-835	447	8	for	for	ADP
ajfa-835	447	9	each	each	DET
ajfa-835	447	10	equation	equation	NOUN
ajfa-835	447	11	.	.	PUNCT
ajfa-835	448	1	the	the	DET
ajfa-835	448	2	null	null	ADJ
ajfa-835	448	3	hypothesis	hypothesis	NOUN
ajfa-835	448	4	is	be	AUX
ajfa-835	448	5	that	that	SCONJ
ajfa-835	448	6	the	the	DET
ajfa-835	448	7	niftyjunior	niftyjunior	ADJ
ajfa-835	448	8	returns	return	NOUN
ajfa-835	448	9	does	do	AUX
ajfa-835	448	10	not	not	PART
ajfa-835	448	11	granger	granger	NOUN
ajfa-835	448	12	cause	cause	VERB
ajfa-835	448	13	or	or	CCONJ
ajfa-835	448	14	leads	lead	VERB
ajfa-835	448	15	nifty	nifty	ADJ
ajfa-835	448	16	returns	return	NOUN
ajfa-835	448	17	in	in	ADP
ajfa-835	448	18	eq(5	eq(5	NOUN
ajfa-835	448	19	)	)	PUNCT
ajfa-835	448	20	and	and	CCONJ
ajfa-835	448	21	nifty	nifty	ADJ
ajfa-835	448	22	returns	return	NOUN
ajfa-835	448	23	does	do	AUX
ajfa-835	448	24	not	not	PART
ajfa-835	448	25	granger	granger	NOUN
ajfa-835	448	26	cause	cause	VERB
ajfa-835	448	27	or	or	CCONJ
ajfa-835	448	28	leads	lead	VERB
ajfa-835	448	29	nifty	nifty	ADJ
ajfa-835	448	30	junior	junior	ADJ
ajfa-835	448	31	returns(eq	returns(eq	NOUN
ajfa-835	448	32	6	6	NUM
ajfa-835	448	33	)	)	PUNCT
ajfa-835	448	34	.	.	PUNCT
ajfa-835	449	1	asian	asian	ADJ
ajfa-835	449	2	journal	journal	PROPN
ajfa-835	449	3	of	of	ADP
ajfa-835	449	4	finance	finance	PROPN
ajfa-835	449	5	&	&	CCONJ
ajfa-835	449	6	accounting	accounting	PROPN
ajfa-835	449	7	issn	issn	PROPN
ajfa-835	449	8	1946	1946	NUM
ajfa-835	449	9	-	-	PUNCT
ajfa-835	449	10	052x	052x	NOUN
ajfa-835	449	11	2011	2011	NUM
ajfa-835	449	12	,	,	PUNCT
ajfa-835	449	13	vol	vol	NOUN
ajfa-835	449	14	.	.	PROPN
ajfa-835	450	1	3	3	NUM
ajfa-835	450	2	,	,	PUNCT
ajfa-835	450	3	no	no	INTJ
ajfa-835	450	4	.	.	NOUN
ajfa-835	450	5	1	1	NUM
ajfa-835	450	6	:	:	PUNCT
ajfa-835	450	7	e12	e12	VERB
ajfa-835	450	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-835	450	9	206	206	NUM
ajfa-835	450	10	table	table	NOUN
ajfa-835	450	11	5	5	NUM
ajfa-835	450	12	.	.	PUNCT
ajfa-835	451	1	tests	test	NOUN
ajfa-835	451	2	for	for	ADP
ajfa-835	451	3	information	information	NOUN
ajfa-835	451	4	diffusion	diffusion	NOUN
ajfa-835	451	5	among	among	ADP
ajfa-835	451	6	the	the	DET
ajfa-835	451	7	nifty	nifty	ADJ
ajfa-835	451	8	,	,	PUNCT
ajfa-835	451	9	niftyjunior	niftyjunior	ADJ
ajfa-835	451	10	and	and	CCONJ
ajfa-835	451	11	cnx	cnx	PROPN
ajfa-835	451	12	500	500	NUM
ajfa-835	451	13	indices	index	NOUN
ajfa-835	451	14	using	use	VERB
ajfa-835	451	15	granger	granger	PROPN
ajfa-835	451	16	causality	causality	NOUN
ajfa-835	451	17	tests	test	NOUN
ajfa-835	451	18	.	.	PUNCT
ajfa-835	452	1	panel	panel	NOUN
ajfa-835	452	2	a	a	DET
ajfa-835	452	3	null	null	ADJ
ajfa-835	452	4	hypothesis	hypothesis	NOUN
ajfa-835	452	5	:	:	PUNCT
ajfa-835	452	6	nifty	nifty	ADJ
ajfa-835	452	7	returns	return	NOUN
ajfa-835	452	8	do	do	VERB
ajfa-835	452	9	not	not	PART
ajfa-835	452	10	granger	granger	PROPN
ajfa-835	452	11	cause	cause	VERB
ajfa-835	452	12	/	/	SYM
ajfa-835	452	13	lead	lead	NOUN
ajfa-835	452	14	niftyjunior	niftyjunior	ADJ
ajfa-835	452	15	and	and	CCONJ
ajfa-835	452	16	cnx	cnx	PROPN
ajfa-835	452	17	500	500	NUM
ajfa-835	452	18	returns	return	NOUN
ajfa-835	452	19	.	.	PUNCT
ajfa-835	453	1	lag	lag	VERB
ajfa-835	453	2	1	1	NUM
ajfa-835	453	3	lag	lag	NOUN
ajfa-835	453	4	2	2	NUM
ajfa-835	453	5	lag	lag	NOUN
ajfa-835	453	6	3	3	NUM
ajfa-835	453	7	nifty	nifty	ADJ
ajfa-835	453	8	junior	junior	ADJ
ajfa-835	453	9	f	f	NOUN
ajfa-835	453	10	-	-	PUNCT
ajfa-835	453	11	stat	stat	VERB
ajfa-835	453	12	4.68	4.68	NUM
ajfa-835	453	13	1.62	1.62	NUM
ajfa-835	453	14	2.55	2.55	NUM
ajfa-835	453	15	p	p	NOUN
ajfa-835	453	16	-	-	PUNCT
ajfa-835	453	17	value	value	NOUN
ajfa-835	453	18	0.031	0.031	NUM
ajfa-835	453	19	*	*	NOUN
ajfa-835	453	20	*	*	X
ajfa-835	453	21	0.199	0.199	NUM
ajfa-835	453	22	0.054	0.054	NUM
ajfa-835	454	1	*	*	PUNCT
ajfa-835	454	2	cnx	cnx	PROPN
ajfa-835	454	3	500	500	NUM
ajfa-835	454	4	f	f	NOUN
ajfa-835	454	5	-	-	PUNCT
ajfa-835	454	6	stat	stat	NOUN
ajfa-835	454	7	3.27	3.27	NUM
ajfa-835	454	8	2.97	2.97	NUM
ajfa-835	454	9	1.59	1.59	NUM
ajfa-835	454	10	p	p	NOUN
ajfa-835	454	11	-	-	PUNCT
ajfa-835	454	12	value	value	NOUN
ajfa-835	454	13	0.071	0.071	NUM
ajfa-835	454	14	*	*	NOUN
ajfa-835	454	15	0.051	0.051	NUM
ajfa-835	454	16	*	*	SYM
ajfa-835	454	17	0.190	0.190	NUM
ajfa-835	454	18	panel	panel	NOUN
ajfa-835	454	19	b	b	PROPN
ajfa-835	454	20	null	null	ADJ
ajfa-835	454	21	hypothesis	hypothesis	NOUN
ajfa-835	454	22	:	:	PUNCT
ajfa-835	454	23	niftyjunior	niftyjunior	PROPN
ajfa-835	454	24	and	and	CCONJ
ajfa-835	454	25	cnx	cnx	PROPN
ajfa-835	454	26	500	500	NUM
ajfa-835	454	27	returns	return	NOUN
ajfa-835	454	28	do	do	AUX
ajfa-835	454	29	not	not	PART
ajfa-835	454	30	granger	granger	PROPN
ajfa-835	454	31	cause	cause	VERB
ajfa-835	454	32	/	/	SYM
ajfa-835	454	33	lead	lead	VERB
ajfa-835	454	34	nifty	nifty	ADJ
ajfa-835	454	35	returns	return	NOUN
ajfa-835	454	36	.	.	PUNCT
ajfa-835	455	1	lag	lag	VERB
ajfa-835	455	2	1	1	NUM
ajfa-835	455	3	lag	lag	NOUN
ajfa-835	455	4	2	2	NUM
ajfa-835	455	5	lag	lag	NOUN
ajfa-835	455	6	3	3	NUM
ajfa-835	455	7	nifty	nifty	ADJ
ajfa-835	455	8	junior	junior	ADJ
ajfa-835	455	9	f	f	NOUN
ajfa-835	455	10	-	-	PUNCT
ajfa-835	455	11	stat	stat	NOUN
ajfa-835	455	12	0.22	0.22	NUM
ajfa-835	455	13	0.22	0.22	NUM
ajfa-835	455	14	0.56	0.56	NUM
ajfa-835	455	15	p	p	ADJ
ajfa-835	455	16	-	-	PUNCT
ajfa-835	455	17	value	value	NOUN
ajfa-835	455	18	0.639	0.639	NUM
ajfa-835	455	19	0.639	0.639	NUM
ajfa-835	455	20	0.641	0.641	NUM
ajfa-835	455	21	cnx	cnx	PROPN
ajfa-835	455	22	500	500	NUM
ajfa-835	455	23	f	f	NOUN
ajfa-835	455	24	-	-	PUNCT
ajfa-835	455	25	stat	stat	VERB
ajfa-835	455	26	2.47	2.47	NUM
ajfa-835	455	27	2.13	2.13	NUM
ajfa-835	455	28	1.47	1.47	NUM
ajfa-835	455	29	p	p	NOUN
ajfa-835	455	30	-	-	PUNCT
ajfa-835	455	31	value	value	NOUN
ajfa-835	455	32	0.116	0.116	NUM
ajfa-835	455	33	0.119	0.119	NUM
ajfa-835	455	34	0.220	0.220	NUM
ajfa-835	455	35	the	the	DET
ajfa-835	455	36	nifty	nifty	ADJ
ajfa-835	455	37	,	,	PUNCT
ajfa-835	455	38	niftyjunior	niftyjunior	ADJ
ajfa-835	455	39	and	and	CCONJ
ajfa-835	455	40	the	the	DET
ajfa-835	455	41	cnx	cnx	PROPN
ajfa-835	455	42	500	500	NUM
ajfa-835	455	43	daily	daily	ADJ
ajfa-835	455	44	return	return	NOUN
ajfa-835	455	45	series	series	NOUN
ajfa-835	455	46	is	be	AUX
ajfa-835	455	47	calculated	calculate	VERB
ajfa-835	455	48	for	for	ADP
ajfa-835	455	49	the	the	DET
ajfa-835	455	50	period	period	NOUN
ajfa-835	455	51	between	between	ADP
ajfa-835	455	52	01	01	NUM
ajfa-835	455	53	-	-	PUNCT
ajfa-835	455	54	01	01	NUM
ajfa-835	455	55	-	-	PUNCT
ajfa-835	455	56	2000	2000	NUM
ajfa-835	455	57	to	to	ADP
ajfa-835	455	58	31	31	NUM
ajfa-835	455	59	-	-	SYM
ajfa-835	455	60	03	03	NUM
ajfa-835	455	61	-	-	PUNCT
ajfa-835	455	62	2010	2010	NUM
ajfa-835	455	63	.	.	PUNCT
ajfa-835	456	1	the	the	DET
ajfa-835	456	2	granger	granger	PROPN
ajfa-835	456	3	causality	causality	NOUN
ajfa-835	456	4	as	as	ADP
ajfa-835	456	5	to	to	ADP
ajfa-835	456	6	whether	whether	SCONJ
ajfa-835	456	7	the	the	DET
ajfa-835	456	8	nifty	nifty	ADJ
ajfa-835	456	9	returns	return	NOUN
ajfa-835	456	10	leads	lead	VERB
ajfa-835	456	11	/	/	SYM
ajfa-835	456	12	granger	granger	PROPN
ajfa-835	456	13	causes	cause	VERB
ajfa-835	456	14	both	both	CCONJ
ajfa-835	456	15	niftyjunior	niftyjunior	ADJ
ajfa-835	456	16	and	and	CCONJ
ajfa-835	456	17	cnx	cnx	PROPN
ajfa-835	456	18	500	500	NUM
ajfa-835	456	19	is	be	AUX
ajfa-835	456	20	tested	test	VERB
ajfa-835	456	21	.	.	PUNCT
ajfa-835	457	1	*	*	PUNCT
ajfa-835	457	2	,	,	PUNCT
ajfa-835	457	3	*	*	PUNCT
ajfa-835	457	4	*	*	PUNCT
ajfa-835	457	5	,	,	PUNCT
ajfa-835	457	6	*	*	PUNCT
ajfa-835	457	7	*	*	PUNCT
ajfa-835	457	8	*	*	PUNCT
ajfa-835	457	9	represents	represent	VERB
ajfa-835	457	10	singnificance	singnificance	NOUN
ajfa-835	457	11	at	at	ADP
ajfa-835	457	12	10	10	NUM
ajfa-835	457	13	%	%	NOUN
ajfa-835	457	14	,	,	PUNCT
ajfa-835	457	15	5	5	NUM
ajfa-835	457	16	%	%	NOUN
ajfa-835	457	17	,	,	PUNCT
ajfa-835	457	18	1	1	NUM
ajfa-835	457	19	%	%	NOUN
ajfa-835	457	20	level	level	NOUN
ajfa-835	457	21	.	.	PUNCT
ajfa-835	458	1	the	the	DET
ajfa-835	458	2	tests	test	NOUN
ajfa-835	458	3	are	be	AUX
ajfa-835	458	4	conducted	conduct	VERB
ajfa-835	458	5	using	use	VERB
ajfa-835	458	6	three	three	NUM
ajfa-835	458	7	indices	index	NOUN
ajfa-835	458	8	,	,	PUNCT
ajfa-835	458	9	namely	namely	ADV
ajfa-835	458	10	nifty	nifty	ADJ
ajfa-835	458	11	index	index	NOUN
ajfa-835	458	12	,	,	PUNCT
ajfa-835	458	13	nifty	nifty	ADJ
ajfa-835	458	14	junior	junior	ADJ
ajfa-835	458	15	index	index	NOUN
ajfa-835	458	16	and	and	CCONJ
ajfa-835	458	17	the	the	DET
ajfa-835	458	18	broad	broad	ADJ
ajfa-835	458	19	based	base	VERB
ajfa-835	458	20	cnx	cnx	PROPN
ajfa-835	458	21	500	500	NUM
ajfa-835	458	22	index	index	NOUN
ajfa-835	458	23	.	.	PUNCT
ajfa-835	459	1	the	the	DET
ajfa-835	459	2	nifty	nifty	ADJ
ajfa-835	459	3	index	index	NOUN
ajfa-835	459	4	constitutes	constitute	VERB
ajfa-835	459	5	the	the	DET
ajfa-835	459	6	top	top	ADJ
ajfa-835	459	7	50	50	NUM
ajfa-835	459	8	large	large	ADJ
ajfa-835	459	9	,	,	PUNCT
ajfa-835	459	10	liquid	liquid	ADJ
ajfa-835	459	11	stocks	stock	NOUN
ajfa-835	459	12	.	.	PUNCT
ajfa-835	460	1	the	the	DET
ajfa-835	460	2	nifty	nifty	ADJ
ajfa-835	460	3	junior	junior	ADJ
ajfa-835	460	4	index19	index19	NOUN
ajfa-835	460	5	constitutes	constitute	VERB
ajfa-835	460	6	the	the	DET
ajfa-835	460	7	next	next	ADJ
ajfa-835	460	8	50	50	NUM
ajfa-835	460	9	stocks	stock	NOUN
ajfa-835	460	10	based	base	VERB
ajfa-835	460	11	on	on	ADP
ajfa-835	460	12	market	market	NOUN
ajfa-835	460	13	capitalization	capitalization	NOUN
ajfa-835	460	14	(	(	PUNCT
ajfa-835	460	15	may	may	AUX
ajfa-835	460	16	be	be	AUX
ajfa-835	460	17	regarded	regard	VERB
ajfa-835	460	18	as	as	ADP
ajfa-835	460	19	a	a	DET
ajfa-835	460	20	midcap	midcap	NOUN
ajfa-835	460	21	index	index	NOUN
ajfa-835	460	22	)	)	PUNCT
ajfa-835	460	23	.	.	PUNCT
ajfa-835	461	1	the	the	DET
ajfa-835	461	2	cnx	cnx	PROPN
ajfa-835	461	3	500	500	NUM
ajfa-835	461	4	index	index	NOUN
ajfa-835	461	5	consists	consist	VERB
ajfa-835	461	6	of	of	ADP
ajfa-835	461	7	top	top	ADJ
ajfa-835	461	8	500	500	NUM
ajfa-835	461	9	stocks	stock	NOUN
ajfa-835	461	10	in	in	ADP
ajfa-835	461	11	the	the	DET
ajfa-835	461	12	indian	indian	ADJ
ajfa-835	461	13	stock	stock	NOUN
ajfa-835	461	14	market	market	NOUN
ajfa-835	461	15	and	and	CCONJ
ajfa-835	461	16	includes	include	VERB
ajfa-835	461	17	both	both	DET
ajfa-835	461	18	nifty	nifty	ADJ
ajfa-835	461	19	stocks	stock	NOUN
ajfa-835	461	20	and	and	CCONJ
ajfa-835	461	21	nifty	nifty	ADJ
ajfa-835	461	22	junior	junior	ADJ
ajfa-835	461	23	stocks	stock	NOUN
ajfa-835	461	24	.	.	PUNCT
ajfa-835	462	1	if	if	SCONJ
ajfa-835	462	2	slow	slow	ADJ
ajfa-835	462	3	information	information	NOUN
ajfa-835	462	4	diffusion	diffusion	NOUN
ajfa-835	462	5	plays	play	VERB
ajfa-835	462	6	a	a	DET
ajfa-835	462	7	major	major	ADJ
ajfa-835	462	8	role	role	NOUN
ajfa-835	462	9	in	in	ADP
ajfa-835	462	10	the	the	DET
ajfa-835	462	11	co	co	NOUN
ajfa-835	462	12	-	-	NOUN
ajfa-835	462	13	movement	movement	NOUN
ajfa-835	462	14	subsequent	subsequent	ADJ
ajfa-835	462	15	to	to	ADP
ajfa-835	462	16	index	index	NOUN
ajfa-835	462	17	additions	addition	NOUN
ajfa-835	462	18	in	in	ADP
ajfa-835	462	19	the	the	DET
ajfa-835	462	20	indian	indian	ADJ
ajfa-835	462	21	stock	stock	NOUN
ajfa-835	462	22	market	market	NOUN
ajfa-835	462	23	then	then	ADV
ajfa-835	462	24	a	a	DET
ajfa-835	462	25	)	)	PUNCT
ajfa-835	462	26	nifty	nifty	ADJ
ajfa-835	462	27	returns	return	NOUN
ajfa-835	462	28	must	must	AUX
ajfa-835	462	29	granger	granger	NOUN
ajfa-835	462	30	cause	cause	VERB
ajfa-835	462	31	or	or	CCONJ
ajfa-835	462	32	lead	lead	VERB
ajfa-835	462	33	both	both	DET
ajfa-835	462	34	the	the	DET
ajfa-835	462	35	nifty	nifty	ADJ
ajfa-835	462	36	junior	junior	NOUN
ajfa-835	462	37	and	and	CCONJ
ajfa-835	462	38	cnx	cnx	PROPN
ajfa-835	462	39	500	500	NUM
ajfa-835	462	40	returns	return	NOUN
ajfa-835	462	41	b	b	NOUN
ajfa-835	462	42	)	)	PUNCT
ajfa-835	462	43	cnx	cnx	PROPN
ajfa-835	462	44	500	500	NUM
ajfa-835	462	45	returns	return	NOUN
ajfa-835	462	46	must	must	AUX
ajfa-835	462	47	granger	granger	NOUN
ajfa-835	462	48	cause	cause	VERB
ajfa-835	462	49	or	or	CCONJ
ajfa-835	462	50	lead	lead	VERB
ajfa-835	462	51	nifty	nifty	ADJ
ajfa-835	462	52	junior	junior	ADJ
ajfa-835	462	53	returns	return	NOUN
ajfa-835	462	54	.	.	PUNCT
ajfa-835	463	1	if	if	SCONJ
ajfa-835	463	2	that	that	PRON
ajfa-835	463	3	is	be	AUX
ajfa-835	463	4	not	not	PART
ajfa-835	463	5	the	the	DET
ajfa-835	463	6	case	case	NOUN
ajfa-835	463	7	,	,	PUNCT
ajfa-835	463	8	then	then	ADV
ajfa-835	463	9	category	category	NOUN
ajfa-835	463	10	/	/	SYM
ajfa-835	463	11	habitat	habitat	NOUN
ajfa-835	463	12	views	view	NOUN
ajfa-835	463	13	explain	explain	VERB
ajfa-835	463	14	the	the	DET
ajfa-835	463	15	co	co	NOUN
ajfa-835	463	16	-	-	NOUN
ajfa-835	463	17	movement	movement	NOUN
ajfa-835	463	18	subsequent	subsequent	ADJ
ajfa-835	463	19	to	to	ADP
ajfa-835	463	20	index	index	NOUN
ajfa-835	463	21	additions	addition	NOUN
ajfa-835	463	22	.	.	PUNCT
ajfa-835	464	1	the	the	DET
ajfa-835	464	2	data	datum	NOUN
ajfa-835	464	3	between	between	ADP
ajfa-835	464	4	01	01	NUM
ajfa-835	464	5	-	-	PUNCT
ajfa-835	464	6	01	01	NUM
ajfa-835	464	7	-	-	PUNCT
ajfa-835	464	8	2000	2000	NUM
ajfa-835	464	9	and	and	CCONJ
ajfa-835	464	10	31	31	NUM
ajfa-835	464	11	-	-	SYM
ajfa-835	464	12	03	03	NUM
ajfa-835	464	13	-	-	PUNCT
ajfa-835	464	14	2010	2010	NUM
ajfa-835	464	15	is	be	AUX
ajfa-835	464	16	used	use	VERB
ajfa-835	464	17	as	as	ADP
ajfa-835	464	18	data	datum	NOUN
ajfa-835	464	19	for	for	ADP
ajfa-835	464	20	cnx	cnx	PROPN
ajfa-835	464	21	500	500	NUM
ajfa-835	464	22	is	be	AUX
ajfa-835	464	23	available	available	ADJ
ajfa-835	464	24	only	only	ADV
ajfa-835	464	25	from	from	ADP
ajfa-835	464	26	the	the	DET
ajfa-835	464	27	second	second	ADJ
ajfa-835	464	28	half	half	NOUN
ajfa-835	464	29	of	of	ADP
ajfa-835	464	30	the	the	DET
ajfa-835	464	31	year	year	NOUN
ajfa-835	464	32	1999	1999	NUM
ajfa-835	464	33	.	.	PUNCT
ajfa-835	465	1	table	table	NOUN
ajfa-835	465	2	v	v	NOUN
ajfa-835	465	3	presents	present	VERB
ajfa-835	465	4	the	the	DET
ajfa-835	465	5	results	result	NOUN
ajfa-835	465	6	of	of	ADP
ajfa-835	465	7	the	the	DET
ajfa-835	465	8	f	f	NOUN
ajfa-835	465	9	-	-	PUNCT
ajfa-835	465	10	test	test	NOUN
ajfa-835	465	11	along	along	ADP
ajfa-835	465	12	with	with	ADP
ajfa-835	465	13	the	the	DET
ajfa-835	465	14	corresponding	corresponding	ADJ
ajfa-835	465	15	significance	significance	NOUN
ajfa-835	465	16	level	level	NOUN
ajfa-835	465	17	.	.	PUNCT
ajfa-835	466	1	the	the	DET
ajfa-835	466	2	results	result	NOUN
ajfa-835	466	3	in	in	ADP
ajfa-835	466	4	panel	panel	NOUN
ajfa-835	466	5	a	a	DET
ajfa-835	466	6	show	show	NOUN
ajfa-835	466	7	that	that	SCONJ
ajfa-835	466	8	the	the	DET
ajfa-835	466	9	null	null	ADJ
ajfa-835	466	10	hypothesis	hypothesis	NOUN
ajfa-835	466	11	nifty	nifty	ADJ
ajfa-835	466	12	returns	return	NOUN
ajfa-835	466	13	do	do	AUX
ajfa-835	466	14	not	not	PART
ajfa-835	466	15	granger	granger	PROPN
ajfa-835	466	16	cause	cause	VERB
ajfa-835	466	17	/	/	SYM
ajfa-835	466	18	lead	lead	NOUN
ajfa-835	466	19	niftyjunior	niftyjunior	ADJ
ajfa-835	466	20	is	be	AUX
ajfa-835	466	21	rejected	reject	VERB
ajfa-835	466	22	for	for	ADP
ajfa-835	466	23	lags	lag	NOUN
ajfa-835	466	24	1	1	NUM
ajfa-835	466	25	and	and	CCONJ
ajfa-835	466	26	3	3	NUM
ajfa-835	466	27	at	at	ADP
ajfa-835	466	28	5	5	NUM
ajfa-835	466	29	%	%	NOUN
ajfa-835	466	30	and	and	CCONJ
ajfa-835	466	31	10	10	NUM
ajfa-835	466	32	%	%	NOUN
ajfa-835	466	33	significance	significance	NOUN
ajfa-835	466	34	level	level	NOUN
ajfa-835	466	35	respectively	respectively	ADV
ajfa-835	466	36	.	.	PUNCT
ajfa-835	467	1	similarly	similarly	ADV
ajfa-835	467	2	the	the	DET
ajfa-835	467	3	null	null	ADJ
ajfa-835	467	4	hypothesis	hypothesis	NOUN
ajfa-835	467	5	that	that	PRON
ajfa-835	467	6	nifty	nifty	ADJ
ajfa-835	467	7	returns	return	NOUN
ajfa-835	467	8	do	do	AUX
ajfa-835	467	9	not	not	PART
ajfa-835	467	10	granger	granger	PROPN
ajfa-835	467	11	cause	cause	VERB
ajfa-835	467	12	/	/	SYM
ajfa-835	467	13	lead	lead	NOUN
ajfa-835	467	14	cnx	cnx	PROPN
ajfa-835	467	15	500	500	NUM
ajfa-835	467	16	is	be	AUX
ajfa-835	467	17	rejected	reject	VERB
ajfa-835	467	18	for	for	ADP
ajfa-835	467	19	lags	lag	NOUN
ajfa-835	467	20	1	1	NUM
ajfa-835	467	21	and	and	CCONJ
ajfa-835	467	22	2	2	NUM
ajfa-835	467	23	at	at	ADP
ajfa-835	467	24	10	10	NUM
ajfa-835	467	25	%	%	NOUN
ajfa-835	467	26	significance	significance	NOUN
ajfa-835	467	27	level	level	NOUN
ajfa-835	467	28	.	.	PUNCT
ajfa-835	468	1	however	however	ADV
ajfa-835	468	2	panel	panel	NOUN
ajfa-835	468	3	b	b	PROPN
ajfa-835	468	4	results	result	NOUN
ajfa-835	468	5	show	show	VERB
ajfa-835	468	6	that	that	SCONJ
ajfa-835	468	7	the	the	DET
ajfa-835	468	8	hypothesis	hypothesis	NOUN
ajfa-835	468	9	nifty	nifty	ADJ
ajfa-835	468	10	junior	junior	ADJ
ajfa-835	468	11	19	19	NUM
ajfa-835	468	12	the	the	DET
ajfa-835	468	13	s&p	s&p	PROPN
ajfa-835	468	14	cnx	cnx	PROPN
ajfa-835	468	15	nifty	nifty	NOUN
ajfa-835	468	16	and	and	CCONJ
ajfa-835	468	17	the	the	DET
ajfa-835	468	18	cnx	cnx	PROPN
ajfa-835	468	19	nifty	nifty	PROPN
ajfa-835	468	20	junior	junior	PROPN
ajfa-835	468	21	make	make	VERB
ajfa-835	468	22	up	up	ADP
ajfa-835	468	23	the	the	DET
ajfa-835	468	24	100	100	NUM
ajfa-835	468	25	most	most	ADV
ajfa-835	468	26	liquid	liquid	ADJ
ajfa-835	468	27	stocks	stock	NOUN
ajfa-835	468	28	in	in	ADP
ajfa-835	468	29	india	india	PROPN
ajfa-835	468	30	with	with	ADP
ajfa-835	468	31	nifty	nifty	ADJ
ajfa-835	468	32	constituting	constitute	VERB
ajfa-835	468	33	the	the	DET
ajfa-835	468	34	top	top	ADJ
ajfa-835	468	35	50	50	NUM
ajfa-835	468	36	stocks	stock	NOUN
ajfa-835	468	37	and	and	CCONJ
ajfa-835	468	38	nifty	nifty	ADJ
ajfa-835	468	39	junior	junior	ADJ
ajfa-835	468	40	the	the	DET
ajfa-835	468	41	next	next	ADJ
ajfa-835	468	42	50	50	NUM
ajfa-835	468	43	stocks	stock	NOUN
ajfa-835	468	44	.	.	PUNCT
ajfa-835	469	1	the	the	DET
ajfa-835	469	2	maintenance	maintenance	NOUN
ajfa-835	469	3	of	of	ADP
ajfa-835	469	4	the	the	DET
ajfa-835	469	5	s&p	s&p	PROPN
ajfa-835	469	6	cnx	cnx	PROPN
ajfa-835	469	7	nifty	nifty	NOUN
ajfa-835	469	8	and	and	CCONJ
ajfa-835	469	9	the	the	DET
ajfa-835	469	10	cnx	cnx	PROPN
ajfa-835	469	11	nifty	nifty	PROPN
ajfa-835	469	12	junior	junior	PROPN
ajfa-835	469	13	are	be	AUX
ajfa-835	469	14	synchronized	synchronize	VERB
ajfa-835	469	15	so	so	SCONJ
ajfa-835	469	16	that	that	SCONJ
ajfa-835	469	17	the	the	DET
ajfa-835	469	18	two	two	NUM
ajfa-835	469	19	indices	index	NOUN
ajfa-835	469	20	will	will	AUX
ajfa-835	469	21	always	always	ADV
ajfa-835	469	22	be	be	AUX
ajfa-835	469	23	disjoint	disjoint	NOUN
ajfa-835	469	24	sets	set	NOUN
ajfa-835	469	25	;	;	PUNCT
ajfa-835	469	26	i.e.	i.e.	X
ajfa-835	469	27	a	a	DET
ajfa-835	469	28	stock	stock	NOUN
ajfa-835	469	29	will	will	AUX
ajfa-835	469	30	never	never	ADV
ajfa-835	469	31	appear	appear	VERB
ajfa-835	469	32	in	in	ADP
ajfa-835	469	33	both	both	DET
ajfa-835	469	34	indices	index	NOUN
ajfa-835	469	35	at	at	ADP
ajfa-835	469	36	the	the	DET
ajfa-835	469	37	same	same	ADJ
ajfa-835	469	38	time	time	NOUN
ajfa-835	469	39	.	.	PUNCT
ajfa-835	470	1	asian	asian	ADJ
ajfa-835	470	2	journal	journal	PROPN
ajfa-835	470	3	of	of	ADP
ajfa-835	470	4	finance	finance	PROPN
ajfa-835	470	5	&	&	CCONJ
ajfa-835	470	6	accounting	accounting	PROPN
ajfa-835	470	7	issn	issn	PROPN
ajfa-835	470	8	1946	1946	NUM
ajfa-835	470	9	-	-	PUNCT
ajfa-835	470	10	052x	052x	NOUN
ajfa-835	470	11	2011	2011	NUM
ajfa-835	470	12	,	,	PUNCT
ajfa-835	470	13	vol	vol	NOUN
ajfa-835	470	14	.	.	PROPN
ajfa-835	471	1	3	3	NUM
ajfa-835	471	2	,	,	PUNCT
ajfa-835	471	3	no	no	INTJ
ajfa-835	471	4	.	.	NOUN
ajfa-835	471	5	1	1	NUM
ajfa-835	471	6	:	:	PUNCT
ajfa-835	471	7	e12	e12	PROPN
ajfa-835	471	8	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-835	471	9	207	207	NUM
ajfa-835	471	10	and	and	CCONJ
ajfa-835	471	11	cnx	cnx	PROPN
ajfa-835	471	12	500	500	NUM
ajfa-835	471	13	returns	return	NOUN
ajfa-835	471	14	do	do	AUX
ajfa-835	471	15	not	not	PART
ajfa-835	471	16	granger	granger	PROPN
ajfa-835	471	17	cause	cause	VERB
ajfa-835	471	18	/	/	SYM
ajfa-835	471	19	lead	lead	VERB
ajfa-835	471	20	nifty	nifty	ADJ
ajfa-835	471	21	returns	return	NOUN
ajfa-835	471	22	is	be	AUX
ajfa-835	471	23	not	not	PART
ajfa-835	471	24	rejected	reject	VERB
ajfa-835	471	25	at	at	ADP
ajfa-835	471	26	any	any	DET
ajfa-835	471	27	level	level	NOUN
ajfa-835	471	28	of	of	ADP
ajfa-835	471	29	significance	significance	NOUN
ajfa-835	471	30	.	.	PUNCT
ajfa-835	472	1	the	the	DET
ajfa-835	472	2	results	result	NOUN
ajfa-835	472	3	suggest	suggest	VERB
ajfa-835	472	4	that	that	SCONJ
ajfa-835	472	5	nifty	nifty	ADJ
ajfa-835	472	6	index	index	NOUN
ajfa-835	472	7	returns	return	NOUN
ajfa-835	472	8	lead20	lead20	VERB
ajfa-835	472	9	both	both	CCONJ
ajfa-835	472	10	nifty	nifty	ADJ
ajfa-835	472	11	junior	junior	NOUN
ajfa-835	472	12	and	and	CCONJ
ajfa-835	472	13	cnx	cnx	PROPN
ajfa-835	472	14	500	500	NUM
ajfa-835	472	15	indices	index	NOUN
ajfa-835	472	16	between	between	ADP
ajfa-835	472	17	one	one	NUM
ajfa-835	472	18	to	to	PART
ajfa-835	472	19	three	three	NUM
ajfa-835	472	20	days	day	NOUN
ajfa-835	472	21	.	.	PUNCT
ajfa-835	473	1	the	the	DET
ajfa-835	473	2	results	result	NOUN
ajfa-835	473	3	suggest	suggest	VERB
ajfa-835	473	4	that	that	SCONJ
ajfa-835	473	5	the	the	DET
ajfa-835	473	6	market	market	NOUN
ajfa-835	473	7	wide	wide	ADJ
ajfa-835	473	8	information	information	NOUN
ajfa-835	473	9	gets	get	AUX
ajfa-835	473	10	reflected	reflect	VERB
ajfa-835	473	11	in	in	ADP
ajfa-835	473	12	the	the	DET
ajfa-835	473	13	nifty	nifty	ADJ
ajfa-835	473	14	index	index	NOUN
ajfa-835	473	15	stocks	stock	NOUN
ajfa-835	473	16	immediately	immediately	ADV
ajfa-835	473	17	while	while	SCONJ
ajfa-835	473	18	it	it	PRON
ajfa-835	473	19	gets	get	AUX
ajfa-835	473	20	reflected	reflect	VERB
ajfa-835	473	21	in	in	ADP
ajfa-835	473	22	the	the	DET
ajfa-835	473	23	nifty	nifty	ADJ
ajfa-835	473	24	junior	junior	ADJ
ajfa-835	473	25	index	index	NOUN
ajfa-835	473	26	stocks	stock	NOUN
ajfa-835	473	27	after	after	ADP
ajfa-835	473	28	a	a	DET
ajfa-835	473	29	lag	lag	NOUN
ajfa-835	473	30	of	of	ADP
ajfa-835	473	31	three	three	NUM
ajfa-835	473	32	days	day	NOUN
ajfa-835	473	33	as	as	SCONJ
ajfa-835	473	34	would	would	AUX
ajfa-835	473	35	be	be	AUX
ajfa-835	473	36	expected	expect	VERB
ajfa-835	473	37	from	from	ADP
ajfa-835	473	38	the	the	DET
ajfa-835	473	39	slow	slow	ADJ
ajfa-835	473	40	diffusion	diffusion	NOUN
ajfa-835	473	41	view	view	NOUN
ajfa-835	473	42	.	.	PUNCT
ajfa-835	474	1	20	20	NUM
ajfa-835	474	2	as	as	SCONJ
ajfa-835	474	3	expected	expect	VERB
ajfa-835	474	4	,	,	PUNCT
ajfa-835	474	5	the	the	DET
ajfa-835	474	6	cnx	cnx	PROPN
ajfa-835	474	7	500	500	NUM
ajfa-835	474	8	returns	return	NOUN
ajfa-835	474	9	lead	lead	VERB
ajfa-835	474	10	nifty	nifty	ADJ
ajfa-835	474	11	junior	junior	ADJ
ajfa-835	474	12	returns	return	NOUN
ajfa-835	474	13	in	in	ADP
ajfa-835	474	14	all	all	DET
ajfa-835	474	15	the	the	DET
ajfa-835	474	16	three	three	NUM
ajfa-835	474	17	lags	lag	NOUN
ajfa-835	474	18	at	at	ADP
ajfa-835	474	19	1	1	NUM
ajfa-835	474	20	%	%	NOUN
ajfa-835	474	21	significance	significance	NOUN
ajfa-835	474	22	level	level	NOUN
ajfa-835	474	23	.	.	PUNCT
ajfa-835	475	1	though	though	SCONJ
ajfa-835	475	2	the	the	DET
ajfa-835	475	3	aic	aic	PROPN
ajfa-835	475	4	and	and	CCONJ
ajfa-835	475	5	schwarz	schwarz	PROPN
ajfa-835	475	6	criterion	criterion	NOUN
ajfa-835	475	7	restricted	restrict	VERB
ajfa-835	475	8	the	the	DET
ajfa-835	475	9	lags	lag	NOUN
ajfa-835	475	10	to	to	ADP
ajfa-835	475	11	3	3	NUM
ajfa-835	475	12	,	,	PUNCT
ajfa-835	475	13	nifty	nifty	ADJ
ajfa-835	475	14	junior	junior	ADJ
ajfa-835	475	15	index	index	NOUN
ajfa-835	475	16	lag	lag	VERB
ajfa-835	475	17	nifty	nifty	ADJ
ajfa-835	475	18	index	index	NOUN
ajfa-835	475	19	up	up	ADP
ajfa-835	475	20	to	to	ADP
ajfa-835	475	21	at	at	ADV
ajfa-835	475	22	least	least	ADJ
ajfa-835	475	23	8	8	NUM
ajfa-835	475	24	lags	lag	NOUN
ajfa-835	475	25	.	.	PUNCT