id	sid	tid	token	lemma	pos
ajfa-8356	1	1	microsoft	microsoft	PROPN
ajfa-8356	1	2	word	word	PROPN
ajfa-8356	1	3	empirical	empirical	ADJ
ajfa-8356	1	4	testing	testing	NOUN
ajfa-8356	1	5	-	-	PUNCT
ajfa-8356	1	6	writer2	writer2	VERB
ajfa-8356	1	7	-	-	ADJ
ajfa-8356	1	8	new	new	ADJ
ajfa-8356	1	9	asian	asian	ADJ
ajfa-8356	1	10	journal	journal	NOUN
ajfa-8356	1	11	of	of	ADP
ajfa-8356	1	12	finance	finance	PROPN
ajfa-8356	1	13	&	&	CCONJ
ajfa-8356	1	14	accounting	accounting	PROPN
ajfa-8356	1	15	issn	issn	PROPN
ajfa-8356	1	16	1946	1946	NUM
ajfa-8356	1	17	-	-	PUNCT
ajfa-8356	1	18	052x	052x	NOUN
ajfa-8356	1	19	2015	2015	NUM
ajfa-8356	1	20	,	,	PUNCT
ajfa-8356	1	21	vol	vol	NOUN
ajfa-8356	1	22	.	.	PROPN
ajfa-8356	1	23	7	7	NUM
ajfa-8356	1	24	,	,	PUNCT
ajfa-8356	1	25	no	no	INTJ
ajfa-8356	1	26	.	.	NOUN
ajfa-8356	1	27	2	2	NUM
ajfa-8356	1	28	107	107	NUM
ajfa-8356	1	29	empirical	empirical	ADJ
ajfa-8356	1	30	testing	testing	NOUN
ajfa-8356	1	31	of	of	ADP
ajfa-8356	1	32	capital	capital	NOUN
ajfa-8356	1	33	asset	asset	NOUN
ajfa-8356	1	34	pricing	pricing	NOUN
ajfa-8356	1	35	model	model	NOUN
ajfa-8356	1	36	on	on	ADP
ajfa-8356	1	37	bahrain	bahrain	PROPN
ajfa-8356	1	38	bourse	bourse	PROPN
ajfa-8356	1	39	dr	dr	PROPN
ajfa-8356	1	40	.	.	PROPN
ajfa-8356	1	41	iqbal	iqbal	PROPN
ajfa-8356	1	42	t.h	t.h	PROPN
ajfa-8356	1	43	.	.	PROPN
ajfa-8356	1	44	associate	associate	PROPN
ajfa-8356	1	45	professor	professor	PROPN
ajfa-8356	1	46	college	college	PROPN
ajfa-8356	1	47	of	of	ADP
ajfa-8356	1	48	business	business	PROPN
ajfa-8356	1	49	administration	administration	PROPN
ajfa-8356	1	50	&	&	CCONJ
ajfa-8356	1	51	assistant	assistant	PROPN
ajfa-8356	1	52	to	to	ADP
ajfa-8356	1	53	president	president	NOUN
ajfa-8356	1	54	for	for	ADP
ajfa-8356	1	55	accreditation	accreditation	NOUN
ajfa-8356	1	56	&	&	CCONJ
ajfa-8356	1	57	quality	quality	NOUN
ajfa-8356	1	58	assurance	assurance	NOUN
ajfa-8356	1	59	kingdom	kingdom	PROPN
ajfa-8356	1	60	university	university	NOUN
ajfa-8356	1	61	,	,	PUNCT
ajfa-8356	1	62	kingdom	kingdom	NOUN
ajfa-8356	1	63	of	of	ADP
ajfa-8356	1	64	bahrain	bahrain	NOUN
ajfa-8356	1	65	,	,	PUNCT
ajfa-8356	1	66	bahrain	bahrain	NOUN
ajfa-8356	1	67	e	e	NOUN
ajfa-8356	1	68	-	-	NOUN
ajfa-8356	1	69	mail	mail	NOUN
ajfa-8356	1	70	:	:	PUNCT
ajfa-8356	1	71	i.hawaldar@ku.edu.bh	i.hawaldar@ku.edu.bh	NOUN
ajfa-8356	1	72	received	receive	VERB
ajfa-8356	1	73	:	:	PUNCT
ajfa-8356	1	74	august	august	PROPN
ajfa-8356	1	75	3	3	NUM
ajfa-8356	1	76	,	,	PUNCT
ajfa-8356	1	77	2015	2015	NUM
ajfa-8356	1	78	accepted	accept	VERB
ajfa-8356	1	79	:	:	PUNCT
ajfa-8356	1	80	oct	oct	PROPN
ajfa-8356	1	81	.	.	PROPN
ajfa-8356	1	82	1	1	NUM
ajfa-8356	1	83	,	,	PUNCT
ajfa-8356	1	84	2015	2015	NUM
ajfa-8356	1	85	published	publish	VERB
ajfa-8356	1	86	:	:	PUNCT
ajfa-8356	1	87	december	december	PROPN
ajfa-8356	1	88	1	1	NUM
ajfa-8356	1	89	,	,	PUNCT
ajfa-8356	1	90	2015	2015	NUM
ajfa-8356	1	91	doi:10.5296	doi:10.5296	NOUN
ajfa-8356	1	92	/	/	SYM
ajfa-8356	1	93	ajfa.v7i2.8356	ajfa.v7i2.8356	NOUN
ajfa-8356	1	94	url	url	NOUN
ajfa-8356	1	95	:	:	PUNCT
ajfa-8356	1	96	http://dx.doi.org/10.5296/ajfa.v7i2.8356	http://dx.doi.org/10.5296/ajfa.v7i2.8356	X
ajfa-8356	1	97	abstract	abstract	NOUN
ajfa-8356	1	98	the	the	DET
ajfa-8356	1	99	study	study	NOUN
ajfa-8356	1	100	is	be	AUX
ajfa-8356	1	101	undertaken	undertake	VERB
ajfa-8356	1	102	to	to	PART
ajfa-8356	1	103	find	find	VERB
ajfa-8356	1	104	out	out	ADP
ajfa-8356	1	105	the	the	DET
ajfa-8356	1	106	relationship	relationship	NOUN
ajfa-8356	1	107	between	between	ADP
ajfa-8356	1	108	portfolio	portfolio	NOUN
ajfa-8356	1	109	returns	return	NOUN
ajfa-8356	1	110	and	and	CCONJ
ajfa-8356	1	111	market	market	NOUN
ajfa-8356	1	112	returns	return	NOUN
ajfa-8356	1	113	and	and	CCONJ
ajfa-8356	1	114	test	test	VERB
ajfa-8356	1	115	the	the	DET
ajfa-8356	1	116	empirical	empirical	ADJ
ajfa-8356	1	117	validity	validity	NOUN
ajfa-8356	1	118	of	of	ADP
ajfa-8356	1	119	the	the	DET
ajfa-8356	1	120	standard	standard	ADJ
ajfa-8356	1	121	capm	capm	PROPN
ajfa-8356	1	122	model	model	NOUN
ajfa-8356	1	123	on	on	ADP
ajfa-8356	1	124	bahrain	bahrain	NOUN
ajfa-8356	1	125	bourse	bourse	NOUN
ajfa-8356	1	126	.	.	PUNCT
ajfa-8356	2	1	the	the	DET
ajfa-8356	2	2	study	study	NOUN
ajfa-8356	2	3	is	be	AUX
ajfa-8356	2	4	based	base	VERB
ajfa-8356	2	5	on	on	ADP
ajfa-8356	2	6	39	39	NUM
ajfa-8356	2	7	companies	company	NOUN
ajfa-8356	2	8	listed	list	VERB
ajfa-8356	2	9	in	in	ADP
ajfa-8356	2	10	the	the	DET
ajfa-8356	2	11	bahrain	bahrain	NOUN
ajfa-8356	2	12	bourse	bourse	NOUN
ajfa-8356	2	13	,	,	PUNCT
ajfa-8356	2	14	bahrain	bahrain	NOUN
ajfa-8356	2	15	all	all	DET
ajfa-8356	2	16	share	share	NOUN
ajfa-8356	2	17	index	index	NOUN
ajfa-8356	2	18	as	as	ADP
ajfa-8356	2	19	market	market	NOUN
ajfa-8356	2	20	proxy	proxy	NOUN
ajfa-8356	2	21	and	and	CCONJ
ajfa-8356	2	22	yield	yield	NOUN
ajfa-8356	2	23	of	of	ADP
ajfa-8356	2	24	government	government	NOUN
ajfa-8356	2	25	of	of	ADP
ajfa-8356	2	26	bahrain	bahrain	NOUN
ajfa-8356	2	27	securities	security	NOUN
ajfa-8356	2	28	as	as	ADP
ajfa-8356	2	29	risk	risk	NOUN
ajfa-8356	2	30	free	free	ADJ
ajfa-8356	2	31	rate	rate	NOUN
ajfa-8356	2	32	of	of	ADP
ajfa-8356	2	33	return	return	NOUN
ajfa-8356	2	34	.	.	PUNCT
ajfa-8356	3	1	the	the	DET
ajfa-8356	3	2	study	study	NOUN
ajfa-8356	3	3	covers	cover	VERB
ajfa-8356	3	4	period	period	NOUN
ajfa-8356	3	5	from	from	ADP
ajfa-8356	3	6	january	january	PROPN
ajfa-8356	3	7	1	1	NUM
ajfa-8356	3	8	,	,	PUNCT
ajfa-8356	3	9	2011	2011	NUM
ajfa-8356	3	10	to	to	ADP
ajfa-8356	3	11	december	december	PROPN
ajfa-8356	3	12	31	31	NUM
ajfa-8356	3	13	,	,	PUNCT
ajfa-8356	3	14	2014	2014	NUM
ajfa-8356	3	15	.	.	PUNCT
ajfa-8356	4	1	the	the	DET
ajfa-8356	4	2	analysis	analysis	NOUN
ajfa-8356	4	3	of	of	ADP
ajfa-8356	4	4	the	the	DET
ajfa-8356	4	5	results	result	NOUN
ajfa-8356	4	6	of	of	ADP
ajfa-8356	4	7	the	the	DET
ajfa-8356	4	8	study	study	NOUN
ajfa-8356	4	9	revealed	reveal	VERB
ajfa-8356	4	10	that	that	SCONJ
ajfa-8356	4	11	many	many	ADJ
ajfa-8356	4	12	of	of	ADP
ajfa-8356	4	13	the	the	DET
ajfa-8356	4	14	independent	independent	ADJ
ajfa-8356	4	15	variables	variable	NOUN
ajfa-8356	4	16	together	together	ADV
ajfa-8356	4	17	with	with	ADP
ajfa-8356	4	18	beta	beta	NOUN
ajfa-8356	4	19	can	can	AUX
ajfa-8356	4	20	explain	explain	VERB
ajfa-8356	4	21	the	the	DET
ajfa-8356	4	22	portfolio	portfolio	NOUN
ajfa-8356	4	23	returns	return	NOUN
ajfa-8356	4	24	.	.	PUNCT
ajfa-8356	5	1	however	however	ADV
ajfa-8356	5	2	,	,	PUNCT
ajfa-8356	5	3	the	the	DET
ajfa-8356	5	4	intercept	intercept	NOUN
ajfa-8356	5	5	test	test	NOUN
ajfa-8356	5	6	reveals	reveal	VERB
ajfa-8356	5	7	that	that	SCONJ
ajfa-8356	5	8	the	the	DET
ajfa-8356	5	9	portfolio	portfolio	NOUN
ajfa-8356	5	10	returns	return	NOUN
ajfa-8356	5	11	are	be	AUX
ajfa-8356	5	12	equal	equal	ADJ
ajfa-8356	5	13	to	to	ADP
ajfa-8356	5	14	the	the	DET
ajfa-8356	5	15	risk	risk	NOUN
ajfa-8356	5	16	-	-	PUNCT
ajfa-8356	5	17	free	free	ADJ
ajfa-8356	5	18	rate	rate	NOUN
ajfa-8356	5	19	of	of	ADP
ajfa-8356	5	20	return	return	NOUN
ajfa-8356	5	21	.	.	PUNCT
ajfa-8356	6	1	therefore	therefore	ADV
ajfa-8356	6	2	,	,	PUNCT
ajfa-8356	6	3	we	we	PRON
ajfa-8356	6	4	can	can	AUX
ajfa-8356	6	5	conclude	conclude	VERB
ajfa-8356	6	6	that	that	SCONJ
ajfa-8356	6	7	the	the	DET
ajfa-8356	6	8	results	result	NOUN
ajfa-8356	6	9	of	of	ADP
ajfa-8356	6	10	intercept	intercept	NOUN
ajfa-8356	6	11	test	test	NOUN
ajfa-8356	6	12	of	of	ADP
ajfa-8356	6	13	standard	standard	ADJ
ajfa-8356	6	14	capm	capm	PROPN
ajfa-8356	6	15	proves	prove	VERB
ajfa-8356	6	16	the	the	DET
ajfa-8356	6	17	theory	theory	NOUN
ajfa-8356	6	18	and	and	CCONJ
ajfa-8356	6	19	the	the	DET
ajfa-8356	6	20	beta	beta	ADJ
ajfa-8356	6	21	test	test	NOUN
ajfa-8356	6	22	results	result	NOUN
ajfa-8356	6	23	goes	go	VERB
ajfa-8356	6	24	against	against	ADP
ajfa-8356	6	25	the	the	DET
ajfa-8356	6	26	standard	standard	ADJ
ajfa-8356	6	27	theory	theory	NOUN
ajfa-8356	6	28	.	.	PUNCT
ajfa-8356	7	1	keywords	keyword	NOUN
ajfa-8356	7	2	:	:	PUNCT
ajfa-8356	7	3	capital	capital	NOUN
ajfa-8356	7	4	asset	asset	NOUN
ajfa-8356	7	5	pricing	pricing	NOUN
ajfa-8356	7	6	model	model	NOUN
ajfa-8356	7	7	,	,	PUNCT
ajfa-8356	7	8	risk	risk	NOUN
ajfa-8356	7	9	,	,	PUNCT
ajfa-8356	7	10	portfolio	portfolio	NOUN
ajfa-8356	7	11	,	,	PUNCT
ajfa-8356	7	12	return	return	NOUN
ajfa-8356	7	13	,	,	PUNCT
ajfa-8356	8	1	beta	beta	NOUN
ajfa-8356	8	2	.	.	PUNCT
ajfa-8356	8	3	jel	jel	PROPN
ajfa-8356	8	4	:	:	PUNCT
ajfa-8356	8	5	g13	g13	PROPN
ajfa-8356	8	6	;	;	PUNCT
ajfa-8356	8	7	g14	g14	PROPN
ajfa-8356	8	8	;	;	PUNCT
ajfa-8356	8	9	g	g	PROPN
ajfa-8356	8	10	15	15	NUM
ajfa-8356	8	11	;	;	PUNCT
ajfa-8356	8	12	g18	g18	NOUN
ajfa-8356	8	13	;	;	PUNCT
ajfa-8356	8	14	c32	c32	NOUN
ajfa-8356	8	15	;	;	PUNCT
ajfa-8356	8	16	f30	f30	NOUN
ajfa-8356	8	17	asian	asian	ADJ
ajfa-8356	8	18	journal	journal	NOUN
ajfa-8356	8	19	of	of	ADP
ajfa-8356	8	20	finance	finance	PROPN
ajfa-8356	8	21	&	&	CCONJ
ajfa-8356	8	22	accounting	accounting	PROPN
ajfa-8356	8	23	issn	issn	PROPN
ajfa-8356	8	24	1946	1946	NUM
ajfa-8356	8	25	-	-	PUNCT
ajfa-8356	8	26	052x	052x	NOUN
ajfa-8356	8	27	2015	2015	NUM
ajfa-8356	8	28	,	,	PUNCT
ajfa-8356	8	29	vol	vol	NOUN
ajfa-8356	8	30	.	.	PROPN
ajfa-8356	8	31	7	7	NUM
ajfa-8356	8	32	,	,	PUNCT
ajfa-8356	8	33	no	no	INTJ
ajfa-8356	8	34	.	.	NOUN
ajfa-8356	8	35	2	2	NUM
ajfa-8356	8	36	108	108	NUM
ajfa-8356	8	37	1	1	NUM
ajfa-8356	8	38	.	.	PUNCT
ajfa-8356	9	1	introduction	introduction	NOUN
ajfa-8356	9	2	rational	rational	ADJ
ajfa-8356	9	3	investors	investor	NOUN
ajfa-8356	9	4	are	be	AUX
ajfa-8356	9	5	assessing	assess	VERB
ajfa-8356	9	6	the	the	DET
ajfa-8356	9	7	risk	risk	NOUN
ajfa-8356	9	8	-	-	PUNCT
ajfa-8356	9	9	return	return	NOUN
ajfa-8356	9	10	profiles	profile	NOUN
ajfa-8356	9	11	of	of	ADP
ajfa-8356	9	12	securities	security	NOUN
ajfa-8356	9	13	before	before	ADP
ajfa-8356	9	14	investing	invest	VERB
ajfa-8356	9	15	.	.	PUNCT
ajfa-8356	10	1	therefore	therefore	ADV
ajfa-8356	10	2	,	,	PUNCT
ajfa-8356	10	3	it	it	PRON
ajfa-8356	10	4	is	be	AUX
ajfa-8356	10	5	important	important	ADJ
ajfa-8356	10	6	to	to	PART
ajfa-8356	10	7	understand	understand	VERB
ajfa-8356	10	8	the	the	DET
ajfa-8356	10	9	rate	rate	NOUN
ajfa-8356	10	10	of	of	ADP
ajfa-8356	10	11	returns	return	NOUN
ajfa-8356	10	12	and	and	CCONJ
ajfa-8356	10	13	the	the	DET
ajfa-8356	10	14	degree	degree	NOUN
ajfa-8356	10	15	of	of	ADP
ajfa-8356	10	16	risks	risk	NOUN
ajfa-8356	10	17	to	to	PART
ajfa-8356	10	18	be	be	AUX
ajfa-8356	10	19	assumed	assume	VERB
ajfa-8356	10	20	.	.	PUNCT
ajfa-8356	11	1	different	different	ADJ
ajfa-8356	11	2	measures	measure	NOUN
ajfa-8356	11	3	have	have	AUX
ajfa-8356	11	4	been	be	AUX
ajfa-8356	11	5	used	use	VERB
ajfa-8356	11	6	for	for	ADP
ajfa-8356	11	7	assessing	assess	VERB
ajfa-8356	11	8	risks	risk	NOUN
ajfa-8356	11	9	of	of	ADP
ajfa-8356	11	10	securities	security	NOUN
ajfa-8356	11	11	.	.	PUNCT
ajfa-8356	12	1	after	after	SCONJ
ajfa-8356	12	2	sharpe	sharpe	PROPN
ajfa-8356	12	3	-	-	PUNCT
ajfa-8356	12	4	lintner	lintner	NOUN
ajfa-8356	12	5	-	-	PUNCT
ajfa-8356	12	6	mossin	mossin	NOUN
ajfa-8356	12	7	proposed	propose	VERB
ajfa-8356	12	8	the	the	DET
ajfa-8356	12	9	standard	standard	ADJ
ajfa-8356	12	10	form	form	NOUN
ajfa-8356	12	11	of	of	ADP
ajfa-8356	12	12	capm	capm	NOUN
ajfa-8356	12	13	,	,	PUNCT
ajfa-8356	12	14	many	many	ADJ
ajfa-8356	12	15	studies	study	NOUN
ajfa-8356	12	16	have	have	AUX
ajfa-8356	12	17	been	be	AUX
ajfa-8356	12	18	conducted	conduct	VERB
ajfa-8356	12	19	by	by	ADP
ajfa-8356	12	20	the	the	DET
ajfa-8356	12	21	researchers	researcher	NOUN
ajfa-8356	12	22	to	to	PART
ajfa-8356	12	23	test	test	VERB
ajfa-8356	12	24	the	the	DET
ajfa-8356	12	25	validity	validity	NOUN
ajfa-8356	12	26	of	of	ADP
ajfa-8356	12	27	capital	capital	NOUN
ajfa-8356	12	28	asset	asset	NOUN
ajfa-8356	12	29	pricing	pricing	NOUN
ajfa-8356	12	30	model	model	NOUN
ajfa-8356	12	31	.	.	PUNCT
ajfa-8356	13	1	even	even	ADV
ajfa-8356	13	2	though	though	SCONJ
ajfa-8356	13	3	there	there	PRON
ajfa-8356	13	4	are	be	VERB
ajfa-8356	13	5	many	many	ADJ
ajfa-8356	13	6	research	research	NOUN
ajfa-8356	13	7	studies	study	NOUN
ajfa-8356	13	8	on	on	ADP
ajfa-8356	13	9	the	the	DET
ajfa-8356	13	10	developed	developed	ADJ
ajfa-8356	13	11	and	and	CCONJ
ajfa-8356	13	12	developing	develop	VERB
ajfa-8356	13	13	countries	country	NOUN
ajfa-8356	13	14	stock	stock	NOUN
ajfa-8356	13	15	market	market	NOUN
ajfa-8356	13	16	,	,	PUNCT
ajfa-8356	13	17	there	there	PRON
ajfa-8356	13	18	are	be	VERB
ajfa-8356	13	19	no	no	DET
ajfa-8356	13	20	research	research	NOUN
ajfa-8356	13	21	studies	study	NOUN
ajfa-8356	13	22	on	on	ADP
ajfa-8356	13	23	the	the	DET
ajfa-8356	13	24	bahrain	bahrain	NOUN
ajfa-8356	13	25	bourse	bourse	NOUN
ajfa-8356	13	26	.	.	PUNCT
ajfa-8356	14	1	therefore	therefore	ADV
ajfa-8356	14	2	,	,	PUNCT
ajfa-8356	14	3	the	the	DET
ajfa-8356	14	4	researcher	researcher	NOUN
ajfa-8356	14	5	attempted	attempt	VERB
ajfa-8356	14	6	to	to	PART
ajfa-8356	14	7	test	test	VERB
ajfa-8356	14	8	the	the	DET
ajfa-8356	14	9	validity	validity	NOUN
ajfa-8356	14	10	of	of	ADP
ajfa-8356	14	11	capital	capital	NOUN
ajfa-8356	14	12	asset	asset	NOUN
ajfa-8356	14	13	pricing	pricing	NOUN
ajfa-8356	14	14	model	model	NOUN
ajfa-8356	14	15	in	in	ADP
ajfa-8356	14	16	the	the	DET
ajfa-8356	14	17	bahrain	bahrain	NOUN
ajfa-8356	14	18	bourse	bourse	NOUN
ajfa-8356	14	19	.	.	PUNCT
ajfa-8356	15	1	there	there	PRON
ajfa-8356	15	2	are	be	VERB
ajfa-8356	15	3	47	47	NUM
ajfa-8356	15	4	companies	company	NOUN
ajfa-8356	15	5	listed	list	VERB
ajfa-8356	15	6	in	in	ADP
ajfa-8356	15	7	bahrain	bahrain	NOUN
ajfa-8356	15	8	bourse	bourse	NOUN
ajfa-8356	15	9	and	and	CCONJ
ajfa-8356	15	10	out	out	ADP
ajfa-8356	15	11	of	of	ADP
ajfa-8356	15	12	these	these	DET
ajfa-8356	15	13	47	47	NUM
ajfa-8356	15	14	companies	company	NOUN
ajfa-8356	15	15	,	,	PUNCT
ajfa-8356	15	16	for	for	ADP
ajfa-8356	15	17	8	8	NUM
ajfa-8356	15	18	companies	company	NOUN
ajfa-8356	15	19	share	share	VERB
ajfa-8356	15	20	prices	price	NOUN
ajfa-8356	15	21	are	be	AUX
ajfa-8356	15	22	not	not	PART
ajfa-8356	15	23	available	available	ADJ
ajfa-8356	15	24	.	.	PUNCT
ajfa-8356	16	1	therefore	therefore	ADV
ajfa-8356	16	2	,	,	PUNCT
ajfa-8356	16	3	39	39	NUM
ajfa-8356	16	4	companies	company	NOUN
ajfa-8356	16	5	are	be	AUX
ajfa-8356	16	6	selected	select	VERB
ajfa-8356	16	7	and	and	CCONJ
ajfa-8356	16	8	the	the	DET
ajfa-8356	16	9	study	study	NOUN
ajfa-8356	16	10	is	be	AUX
ajfa-8356	16	11	based	base	VERB
ajfa-8356	16	12	on	on	ADP
ajfa-8356	16	13	39	39	NUM
ajfa-8356	16	14	companies	company	NOUN
ajfa-8356	16	15	,	,	PUNCT
ajfa-8356	16	16	bahrain	bahrain	VERB
ajfa-8356	16	17	all	all	DET
ajfa-8356	16	18	share	share	NOUN
ajfa-8356	16	19	index	index	NOUN
ajfa-8356	16	20	as	as	ADP
ajfa-8356	16	21	market	market	NOUN
ajfa-8356	16	22	proxy	proxy	NOUN
ajfa-8356	16	23	and	and	CCONJ
ajfa-8356	16	24	yield	yield	NOUN
ajfa-8356	16	25	of	of	ADP
ajfa-8356	16	26	government	government	NOUN
ajfa-8356	16	27	of	of	ADP
ajfa-8356	16	28	bahrain	bahrain	NOUN
ajfa-8356	16	29	securities	security	NOUN
ajfa-8356	16	30	as	as	ADP
ajfa-8356	16	31	risk	risk	NOUN
ajfa-8356	16	32	free	free	ADJ
ajfa-8356	16	33	rate	rate	NOUN
ajfa-8356	16	34	of	of	ADP
ajfa-8356	16	35	return	return	NOUN
ajfa-8356	16	36	.	.	PUNCT
ajfa-8356	17	1	the	the	DET
ajfa-8356	17	2	study	study	NOUN
ajfa-8356	17	3	covers	cover	VERB
ajfa-8356	17	4	period	period	NOUN
ajfa-8356	17	5	from	from	ADP
ajfa-8356	17	6	january	january	PROPN
ajfa-8356	17	7	1	1	NUM
ajfa-8356	17	8	,	,	PUNCT
ajfa-8356	17	9	2011	2011	NUM
ajfa-8356	17	10	to	to	ADP
ajfa-8356	17	11	december	december	PROPN
ajfa-8356	17	12	31	31	NUM
ajfa-8356	17	13	,	,	PUNCT
ajfa-8356	17	14	2014	2014	NUM
ajfa-8356	17	15	.	.	PUNCT
ajfa-8356	18	1	the	the	DET
ajfa-8356	18	2	daily	daily	ADJ
ajfa-8356	18	3	closing	closing	NOUN
ajfa-8356	18	4	share	share	NOUN
ajfa-8356	18	5	prices	price	NOUN
ajfa-8356	18	6	of	of	ADP
ajfa-8356	18	7	the	the	DET
ajfa-8356	18	8	sample	sample	NOUN
ajfa-8356	18	9	companies	company	NOUN
ajfa-8356	18	10	and	and	CCONJ
ajfa-8356	18	11	bahrain	bahrain	NOUN
ajfa-8356	18	12	all	all	DET
ajfa-8356	18	13	share	share	NOUN
ajfa-8356	18	14	index	index	NOUN
ajfa-8356	18	15	data	datum	NOUN
ajfa-8356	18	16	were	be	AUX
ajfa-8356	18	17	collected	collect	VERB
ajfa-8356	18	18	and	and	CCONJ
ajfa-8356	18	19	used	use	VERB
ajfa-8356	18	20	in	in	ADP
ajfa-8356	18	21	this	this	DET
ajfa-8356	18	22	study	study	NOUN
ajfa-8356	18	23	.	.	PUNCT
ajfa-8356	19	1	the	the	DET
ajfa-8356	19	2	share	share	NOUN
ajfa-8356	19	3	price	price	NOUN
ajfa-8356	19	4	and	and	CCONJ
ajfa-8356	19	5	index	index	NOUN
ajfa-8356	19	6	price	price	NOUN
ajfa-8356	19	7	series	series	NOUN
ajfa-8356	19	8	have	have	AUX
ajfa-8356	19	9	been	be	AUX
ajfa-8356	19	10	used	use	VERB
ajfa-8356	19	11	to	to	PART
ajfa-8356	19	12	construct	construct	VERB
ajfa-8356	19	13	daily	daily	ADJ
ajfa-8356	19	14	return	return	NOUN
ajfa-8356	19	15	series	series	NOUN
ajfa-8356	19	16	.	.	PUNCT
ajfa-8356	20	1	2	2	X
ajfa-8356	20	2	.	.	X
ajfa-8356	20	3	review	review	NOUN
ajfa-8356	20	4	of	of	ADP
ajfa-8356	20	5	literature	literature	NOUN
ajfa-8356	20	6	the	the	DET
ajfa-8356	20	7	portfolio	portfolio	NOUN
ajfa-8356	20	8	theory	theory	NOUN
ajfa-8356	20	9	developed	develop	VERB
ajfa-8356	20	10	by	by	ADP
ajfa-8356	20	11	markowitz	markowitz	PROPN
ajfa-8356	20	12	(	(	PUNCT
ajfa-8356	20	13	1952	1952	NUM
ajfa-8356	20	14	,	,	PUNCT
ajfa-8356	20	15	1959	1959	NUM
ajfa-8356	20	16	)	)	PUNCT
ajfa-8356	20	17	provided	provide	VERB
ajfa-8356	20	18	the	the	DET
ajfa-8356	20	19	basis	basis	NOUN
ajfa-8356	20	20	for	for	ADP
ajfa-8356	20	21	capm	capm	PROPN
ajfa-8356	20	22	.	.	PUNCT
ajfa-8356	21	1	he	he	PRON
ajfa-8356	21	2	suggested	suggest	VERB
ajfa-8356	21	3	that	that	SCONJ
ajfa-8356	21	4	rational	rational	ADJ
ajfa-8356	21	5	investor	investor	NOUN
ajfa-8356	21	6	to	to	PART
ajfa-8356	21	7	optimize	optimize	VERB
ajfa-8356	21	8	risk	risk	NOUN
ajfa-8356	21	9	and	and	CCONJ
ajfa-8356	21	10	return	return	NOUN
ajfa-8356	21	11	should	should	AUX
ajfa-8356	21	12	choose	choose	VERB
ajfa-8356	21	13	portfolio	portfolio	NOUN
ajfa-8356	21	14	rather	rather	ADV
ajfa-8356	21	15	than	than	ADP
ajfa-8356	21	16	individual	individual	ADJ
ajfa-8356	21	17	stock	stock	NOUN
ajfa-8356	21	18	.	.	PUNCT
ajfa-8356	22	1	therefore	therefore	ADV
ajfa-8356	22	2	,	,	PUNCT
ajfa-8356	22	3	rational	rational	ADJ
ajfa-8356	22	4	investor	investor	NOUN
ajfa-8356	22	5	uses	use	VERB
ajfa-8356	22	6	diversification	diversification	NOUN
ajfa-8356	22	7	of	of	ADP
ajfa-8356	22	8	portfolio	portfolio	NOUN
ajfa-8356	22	9	to	to	PART
ajfa-8356	22	10	optimize	optimize	VERB
ajfa-8356	22	11	risk	risk	NOUN
ajfa-8356	22	12	and	and	CCONJ
ajfa-8356	22	13	return	return	NOUN
ajfa-8356	22	14	.	.	PUNCT
ajfa-8356	23	1	according	accord	VERB
ajfa-8356	23	2	to	to	ADP
ajfa-8356	23	3	sharpe	sharpe	PROPN
ajfa-8356	23	4	(	(	PUNCT
ajfa-8356	23	5	1964	1964	NUM
ajfa-8356	23	6	)	)	PUNCT
ajfa-8356	23	7	,	,	PUNCT
ajfa-8356	23	8	“	"	PUNCT
ajfa-8356	23	9	in	in	ADP
ajfa-8356	23	10	equilibrium	equilibrium	NOUN
ajfa-8356	23	11	there	there	PRON
ajfa-8356	23	12	would	would	AUX
ajfa-8356	23	13	be	be	AUX
ajfa-8356	23	14	a	a	DET
ajfa-8356	23	15	simple	simple	ADJ
ajfa-8356	23	16	linear	linear	NOUN
ajfa-8356	23	17	relationship	relationship	NOUN
ajfa-8356	23	18	between	between	ADP
ajfa-8356	23	19	the	the	DET
ajfa-8356	23	20	expected	expect	VERB
ajfa-8356	23	21	returns	return	NOUN
ajfa-8356	23	22	and	and	CCONJ
ajfa-8356	23	23	standard	standard	ADJ
ajfa-8356	23	24	deviation	deviation	NOUN
ajfa-8356	23	25	of	of	ADP
ajfa-8356	23	26	returns	return	NOUN
ajfa-8356	23	27	for	for	ADP
ajfa-8356	23	28	efficient	efficient	ADJ
ajfa-8356	23	29	combination	combination	NOUN
ajfa-8356	23	30	of	of	ADP
ajfa-8356	23	31	risky	risky	ADJ
ajfa-8356	23	32	assets	asset	NOUN
ajfa-8356	23	33	.	.	PUNCT
ajfa-8356	24	1	in	in	ADP
ajfa-8356	24	2	effect	effect	NOUN
ajfa-8356	24	3	,	,	PUNCT
ajfa-8356	24	4	market	market	NOUN
ajfa-8356	24	5	presents	present	VERB
ajfa-8356	24	6	two	two	NUM
ajfa-8356	24	7	types	type	NOUN
ajfa-8356	24	8	of	of	ADP
ajfa-8356	24	9	prices	price	NOUN
ajfa-8356	24	10	:	:	PUNCT
ajfa-8356	24	11	the	the	DET
ajfa-8356	24	12	price	price	NOUN
ajfa-8356	24	13	of	of	ADP
ajfa-8356	24	14	time	time	NOUN
ajfa-8356	24	15	or	or	CCONJ
ajfa-8356	24	16	the	the	DET
ajfa-8356	24	17	pure	pure	ADJ
ajfa-8356	24	18	interest	interest	NOUN
ajfa-8356	24	19	rate	rate	NOUN
ajfa-8356	24	20	and	and	CCONJ
ajfa-8356	24	21	the	the	DET
ajfa-8356	24	22	price	price	NOUN
ajfa-8356	24	23	of	of	ADP
ajfa-8356	24	24	risk	risk	NOUN
ajfa-8356	24	25	,	,	PUNCT
ajfa-8356	24	26	the	the	DET
ajfa-8356	24	27	additional	additional	ADJ
ajfa-8356	24	28	expected	expect	VERB
ajfa-8356	24	29	returns	return	NOUN
ajfa-8356	24	30	per	per	ADP
ajfa-8356	24	31	unit	unit	NOUN
ajfa-8356	24	32	of	of	ADP
ajfa-8356	24	33	risk	risk	NOUN
ajfa-8356	24	34	.	.	PUNCT
ajfa-8356	25	1	diversification	diversification	NOUN
ajfa-8356	25	2	enables	enable	VERB
ajfa-8356	25	3	the	the	DET
ajfa-8356	25	4	investor	investor	NOUN
ajfa-8356	25	5	to	to	PART
ajfa-8356	25	6	escape	escape	VERB
ajfa-8356	25	7	from	from	ADP
ajfa-8356	25	8	all	all	PRON
ajfa-8356	25	9	except	except	SCONJ
ajfa-8356	25	10	the	the	DET
ajfa-8356	25	11	risk	risk	NOUN
ajfa-8356	25	12	that	that	PRON
ajfa-8356	25	13	results	result	VERB
ajfa-8356	25	14	from	from	ADP
ajfa-8356	25	15	the	the	DET
ajfa-8356	25	16	swings	swing	NOUN
ajfa-8356	25	17	in	in	ADP
ajfa-8356	25	18	economic	economic	ADJ
ajfa-8356	25	19	activitythis	activitythis	PRON
ajfa-8356	25	20	type	type	NOUN
ajfa-8356	25	21	of	of	ADP
ajfa-8356	25	22	risk	risk	NOUN
ajfa-8356	25	23	persists	persist	VERB
ajfa-8356	25	24	even	even	ADV
ajfa-8356	25	25	in	in	ADP
ajfa-8356	25	26	efficient	efficient	ADJ
ajfa-8356	25	27	combinations	combination	NOUN
ajfa-8356	25	28	”	"	PUNCT
ajfa-8356	25	29	.	.	PUNCT
ajfa-8356	26	1	black	black	PROPN
ajfa-8356	26	2	et	et	PROPN
ajfa-8356	26	3	al	al	PROPN
ajfa-8356	26	4	.	.	PROPN
ajfa-8356	27	1	(	(	PUNCT
ajfa-8356	27	2	1972	1972	NUM
ajfa-8356	27	3	)	)	PUNCT
ajfa-8356	27	4	used	use	VERB
ajfa-8356	27	5	regression	regression	NOUN
ajfa-8356	27	6	equation	equation	NOUN
ajfa-8356	27	7	to	to	PART
ajfa-8356	27	8	estimate	estimate	VERB
ajfa-8356	27	9	alpha	alpha	NOUN
ajfa-8356	27	10	(	(	PUNCT
ajfa-8356	27	11	α	α	NOUN
ajfa-8356	27	12	)	)	PUNCT
ajfa-8356	27	13	and	and	CCONJ
ajfa-8356	27	14	beta	beta	NOUN
ajfa-8356	27	15	(	(	PUNCT
ajfa-8356	27	16	β	β	NOUN
ajfa-8356	27	17	)	)	PUNCT
ajfa-8356	27	18	for	for	ADP
ajfa-8356	27	19	the	the	DET
ajfa-8356	27	20	monthly	monthly	ADJ
ajfa-8356	27	21	share	share	NOUN
ajfa-8356	27	22	price	price	NOUN
ajfa-8356	27	23	data	datum	NOUN
ajfa-8356	27	24	of	of	ADP
ajfa-8356	27	25	nyse	nyse	PROPN
ajfa-8356	27	26	from	from	ADP
ajfa-8356	27	27	1926	1926	NUM
ajfa-8356	27	28	to	to	ADP
ajfa-8356	27	29	1964	1964	NUM
ajfa-8356	27	30	.	.	PUNCT
ajfa-8356	28	1	the	the	DET
ajfa-8356	28	2	estimated	estimate	VERB
ajfa-8356	28	3	beta	beta	NOUN
ajfa-8356	28	4	was	be	AUX
ajfa-8356	28	5	used	use	VERB
ajfa-8356	28	6	to	to	PART
ajfa-8356	28	7	divide	divide	VERB
ajfa-8356	28	8	stocks	stock	NOUN
ajfa-8356	28	9	into	into	ADP
ajfa-8356	28	10	10	10	NUM
ajfa-8356	28	11	portfolios	portfolio	NOUN
ajfa-8356	28	12	.	.	PUNCT
ajfa-8356	29	1	the	the	DET
ajfa-8356	29	2	parameters	parameter	NOUN
ajfa-8356	29	3	for	for	ADP
ajfa-8356	29	4	each	each	DET
ajfa-8356	29	5	5	5	NUM
ajfa-8356	29	6	-	-	PUNCT
ajfa-8356	29	7	year	year	NOUN
ajfa-8356	29	8	period	period	NOUN
ajfa-8356	29	9	were	be	AUX
ajfa-8356	29	10	calculated	calculate	VERB
ajfa-8356	29	11	and	and	CCONJ
ajfa-8356	29	12	used	use	VERB
ajfa-8356	29	13	to	to	PART
ajfa-8356	29	14	test	test	VERB
ajfa-8356	29	15	the	the	DET
ajfa-8356	29	16	realized	realize	VERB
ajfa-8356	29	17	returns	return	NOUN
ajfa-8356	29	18	for	for	ADP
ajfa-8356	29	19	subsequent	subsequent	ADJ
ajfa-8356	29	20	12	12	NUM
ajfa-8356	29	21	months	month	NOUN
ajfa-8356	29	22	.	.	PUNCT
ajfa-8356	30	1	time	time	PROPN
ajfa-8356	30	2	series	series	PROPN
ajfa-8356	30	3	method	method	NOUN
ajfa-8356	30	4	was	be	AUX
ajfa-8356	30	5	used	use	VERB
ajfa-8356	30	6	to	to	PART
ajfa-8356	30	7	estimate	estimate	VERB
ajfa-8356	30	8	α	α	PRON
ajfa-8356	30	9	and	and	CCONJ
ajfa-8356	30	10	β	β	NOUN
ajfa-8356	30	11	for	for	ADP
ajfa-8356	30	12	420	420	NUM
ajfa-8356	30	13	months	month	NOUN
ajfa-8356	30	14	data	datum	NOUN
ajfa-8356	30	15	and	and	CCONJ
ajfa-8356	30	16	4	4	NUM
ajfa-8356	30	17	sub	sub	ADJ
ajfa-8356	30	18	-	-	ADJ
ajfa-8356	30	19	periods	periods	ADJ
ajfa-8356	30	20	data	datum	NOUN
ajfa-8356	30	21	.	.	PUNCT
ajfa-8356	31	1	they	they	PRON
ajfa-8356	31	2	found	find	VERB
ajfa-8356	31	3	that	that	SCONJ
ajfa-8356	31	4	α	α	PROPN
ajfa-8356	31	5	and	and	CCONJ
ajfa-8356	31	6	β	β	X
ajfa-8356	31	7	are	be	AUX
ajfa-8356	31	8	inversely	inversely	ADV
ajfa-8356	31	9	related	relate	VERB
ajfa-8356	31	10	for	for	ADP
ajfa-8356	31	11	all	all	DET
ajfa-8356	31	12	sub	sub	NOUN
ajfa-8356	31	13	-	-	NOUN
ajfa-8356	31	14	periods	period	NOUN
ajfa-8356	31	15	except	except	SCONJ
ajfa-8356	31	16	for	for	ADP
ajfa-8356	31	17	the	the	DET
ajfa-8356	31	18	first	first	ADJ
ajfa-8356	31	19	sub	sub	NOUN
ajfa-8356	31	20	-	-	NOUN
ajfa-8356	31	21	period	period	NOUN
ajfa-8356	31	22	.	.	PUNCT
ajfa-8356	32	1	fama	fama	PROPN
ajfa-8356	32	2	and	and	CCONJ
ajfa-8356	32	3	french	french	ADJ
ajfa-8356	32	4	(	(	PUNCT
ajfa-8356	32	5	1992	1992	NUM
ajfa-8356	32	6	)	)	PUNCT
ajfa-8356	32	7	tested	test	VERB
ajfa-8356	32	8	capm	capm	PROPN
ajfa-8356	32	9	using	use	VERB
ajfa-8356	32	10	stock	stock	NOUN
ajfa-8356	32	11	returns	return	NOUN
ajfa-8356	32	12	data	datum	NOUN
ajfa-8356	32	13	between	between	ADP
ajfa-8356	32	14	1941and	1941and	NUM
ajfa-8356	32	15	1990	1990	NUM
ajfa-8356	32	16	from	from	ADP
ajfa-8356	32	17	nyse	nyse	PROPN
ajfa-8356	32	18	,	,	PUNCT
ajfa-8356	32	19	amexa	amexa	PROPN
ajfa-8356	32	20	and	and	CCONJ
ajfa-8356	32	21	nasdaq	nasdaq	PROPN
ajfa-8356	32	22	.	.	PUNCT
ajfa-8356	33	1	they	they	PRON
ajfa-8356	33	2	discuss	discuss	VERB
ajfa-8356	33	3	the	the	DET
ajfa-8356	33	4	combination	combination	NOUN
ajfa-8356	33	5	of	of	ADP
ajfa-8356	33	6	size	size	NOUN
ajfa-8356	33	7	and	and	CCONJ
ajfa-8356	33	8	book	book	NOUN
ajfa-8356	33	9	-	-	PUNCT
ajfa-8356	33	10	to	to	ADP
ajfa-8356	33	11	-	-	PUNCT
ajfa-8356	33	12	market	market	NOUN
ajfa-8356	33	13	equity	equity	NOUN
ajfa-8356	33	14	to	to	PART
ajfa-8356	33	15	capture	capture	VERB
ajfa-8356	33	16	the	the	DET
ajfa-8356	33	17	cross	cross	ADJ
ajfa-8356	33	18	-	-	ADJ
ajfa-8356	33	19	sectional	sectional	ADJ
ajfa-8356	33	20	variation	variation	NOUN
ajfa-8356	33	21	in	in	ADP
ajfa-8356	33	22	average	average	ADJ
ajfa-8356	33	23	stock	stock	NOUN
ajfa-8356	33	24	returns	return	NOUN
ajfa-8356	33	25	associated	associate	VERB
ajfa-8356	33	26	with	with	ADP
ajfa-8356	33	27	market	market	NOUN
ajfa-8356	33	28	beta	beta	NOUN
ajfa-8356	33	29	.	.	PUNCT
ajfa-8356	34	1	they	they	PRON
ajfa-8356	34	2	concluded	conclude	VERB
ajfa-8356	34	3	that	that	SCONJ
ajfa-8356	34	4	the	the	DET
ajfa-8356	34	5	variation	variation	NOUN
ajfa-8356	34	6	in	in	ADP
ajfa-8356	34	7	beta	beta	NOUN
ajfa-8356	34	8	is	be	AUX
ajfa-8356	34	9	not	not	PART
ajfa-8356	34	10	related	relate	VERB
ajfa-8356	34	11	to	to	ADP
ajfa-8356	34	12	the	the	DET
ajfa-8356	34	13	size	size	NOUN
ajfa-8356	34	14	and	and	CCONJ
ajfa-8356	34	15	there	there	PRON
ajfa-8356	34	16	is	be	VERB
ajfa-8356	34	17	a	a	DET
ajfa-8356	34	18	flat	flat	ADJ
ajfa-8356	34	19	relation	relation	NOUN
ajfa-8356	34	20	between	between	ADP
ajfa-8356	34	21	market	market	NOUN
ajfa-8356	34	22	beta	beta	NOUN
ajfa-8356	34	23	and	and	CCONJ
ajfa-8356	34	24	average	average	ADJ
ajfa-8356	34	25	return	return	NOUN
ajfa-8356	34	26	,	,	PUNCT
ajfa-8356	34	27	even	even	ADV
ajfa-8356	34	28	though	though	SCONJ
ajfa-8356	34	29	beta	beta	NOUN
ajfa-8356	34	30	is	be	AUX
ajfa-8356	34	31	the	the	DET
ajfa-8356	34	32	only	only	ADJ
ajfa-8356	34	33	explanatory	explanatory	ADJ
ajfa-8356	34	34	variable	variable	NOUN
ajfa-8356	34	35	.	.	PUNCT
ajfa-8356	35	1	the	the	DET
ajfa-8356	35	2	results	result	NOUN
ajfa-8356	35	3	do	do	AUX
ajfa-8356	35	4	not	not	PART
ajfa-8356	35	5	support	support	VERB
ajfa-8356	35	6	the	the	DET
ajfa-8356	35	7	sharpe	sharpe	PROPN
ajfa-8356	35	8	-	-	PUNCT
ajfa-8356	35	9	lintner	lintner	NOUN
ajfa-8356	35	10	-	-	PUNCT
ajfa-8356	35	11	black	black	ADJ
ajfa-8356	35	12	capm	capm	PROPN
ajfa-8356	35	13	model	model	NOUN
ajfa-8356	35	14	’s	’s	PART
ajfa-8356	35	15	positive	positive	ADJ
ajfa-8356	35	16	relation	relation	NOUN
ajfa-8356	35	17	between	between	ADP
ajfa-8356	35	18	average	average	ADJ
ajfa-8356	35	19	stock	stock	NOUN
ajfa-8356	35	20	return	return	NOUN
ajfa-8356	35	21	and	and	CCONJ
ajfa-8356	35	22	beta	beta	NOUN
ajfa-8356	35	23	.	.	PUNCT
ajfa-8356	36	1	they	they	PRON
ajfa-8356	36	2	report	report	VERB
ajfa-8356	36	3	that	that	SCONJ
ajfa-8356	36	4	beta	beta	NOUN
ajfa-8356	36	5	does	do	AUX
ajfa-8356	36	6	not	not	PART
ajfa-8356	36	7	completely	completely	ADV
ajfa-8356	36	8	explain	explain	VERB
ajfa-8356	36	9	“	"	PUNCT
ajfa-8356	36	10	cross	cross	ADJ
ajfa-8356	36	11	-	-	ADJ
ajfa-8356	36	12	sectional	sectional	ADJ
ajfa-8356	36	13	”	"	PUNCT
ajfa-8356	36	14	variation	variation	NOUN
ajfa-8356	36	15	in	in	ADP
ajfa-8356	36	16	the	the	DET
ajfa-8356	36	17	average	average	ADJ
ajfa-8356	36	18	returns	return	NOUN
ajfa-8356	36	19	of	of	ADP
ajfa-8356	36	20	stocks	stock	NOUN
ajfa-8356	36	21	during	during	ADP
ajfa-8356	36	22	the	the	DET
ajfa-8356	36	23	study	study	NOUN
ajfa-8356	36	24	period	period	NOUN
ajfa-8356	36	25	.	.	PUNCT
ajfa-8356	37	1	fama	fama	PROPN
ajfa-8356	37	2	and	and	CCONJ
ajfa-8356	37	3	asian	asian	ADJ
ajfa-8356	37	4	journal	journal	NOUN
ajfa-8356	37	5	of	of	ADP
ajfa-8356	37	6	finance	finance	PROPN
ajfa-8356	37	7	&	&	CCONJ
ajfa-8356	37	8	accounting	accounting	PROPN
ajfa-8356	37	9	issn	issn	PROPN
ajfa-8356	37	10	1946	1946	NUM
ajfa-8356	37	11	-	-	PUNCT
ajfa-8356	37	12	052x	052x	NOUN
ajfa-8356	37	13	2015	2015	NUM
ajfa-8356	37	14	,	,	PUNCT
ajfa-8356	37	15	vol	vol	NOUN
ajfa-8356	37	16	.	.	PROPN
ajfa-8356	37	17	7	7	NUM
ajfa-8356	37	18	,	,	PUNCT
ajfa-8356	37	19	no	no	INTJ
ajfa-8356	37	20	.	.	NOUN
ajfa-8356	37	21	2	2	NUM
ajfa-8356	37	22	109	109	NUM
ajfa-8356	37	23	french	french	NOUN
ajfa-8356	37	24	observe	observe	VERB
ajfa-8356	37	25	that	that	SCONJ
ajfa-8356	37	26	a	a	DET
ajfa-8356	37	27	firms	firm	NOUN
ajfa-8356	37	28	size	size	VERB
ajfa-8356	37	29	,	,	PUNCT
ajfa-8356	37	30	book	book	NOUN
ajfa-8356	37	31	-	-	PUNCT
ajfa-8356	37	32	to	to	ADP
ajfa-8356	37	33	-	-	PUNCT
ajfa-8356	37	34	market	market	NOUN
ajfa-8356	37	35	ratio	ratio	NOUN
ajfa-8356	37	36	(	(	PUNCT
ajfa-8356	37	37	be	be	AUX
ajfa-8356	37	38	/	/	SYM
ajfa-8356	37	39	me	i	PRON
ajfa-8356	37	40	)	)	PUNCT
ajfa-8356	37	41	absorb	absorb	VERB
ajfa-8356	37	42	the	the	DET
ajfa-8356	37	43	role	role	NOUN
ajfa-8356	37	44	of	of	ADP
ajfa-8356	37	45	leverage	leverage	NOUN
ajfa-8356	37	46	and	and	CCONJ
ajfa-8356	37	47	e	e	NOUN
ajfa-8356	37	48	/	/	SYM
ajfa-8356	37	49	p	p	NOUN
ajfa-8356	37	50	factors	factor	NOUN
ajfa-8356	37	51	in	in	ADP
ajfa-8356	37	52	stock	stock	NOUN
ajfa-8356	37	53	returns	return	NOUN
ajfa-8356	37	54	.	.	PUNCT
ajfa-8356	38	1	black	black	ADJ
ajfa-8356	38	2	(	(	PUNCT
ajfa-8356	38	3	1993	1993	NUM
ajfa-8356	38	4	)	)	PUNCT
ajfa-8356	38	5	rejected	reject	VERB
ajfa-8356	38	6	that	that	SCONJ
ajfa-8356	38	7	“	"	PUNCT
ajfa-8356	38	8	beta	beta	NOUN
ajfa-8356	38	9	as	as	SCONJ
ajfa-8356	38	10	the	the	DET
ajfa-8356	38	11	sole	sole	ADJ
ajfa-8356	38	12	variable	variable	NOUN
ajfa-8356	38	13	explaining	explain	VERB
ajfa-8356	38	14	returns	return	NOUN
ajfa-8356	38	15	on	on	ADP
ajfa-8356	38	16	stock	stock	NOUN
ajfa-8356	38	17	is	be	AUX
ajfa-8356	38	18	dead	dead	ADJ
ajfa-8356	38	19	”	"	PUNCT
ajfa-8356	38	20	,	,	PUNCT
ajfa-8356	38	21	and	and	CCONJ
ajfa-8356	38	22	argues	argue	VERB
ajfa-8356	38	23	that	that	SCONJ
ajfa-8356	38	24	this	this	PRON
ajfa-8356	38	25	is	be	AUX
ajfa-8356	38	26	a	a	DET
ajfa-8356	38	27	misstatement	misstatement	NOUN
ajfa-8356	38	28	of	of	ADP
ajfa-8356	38	29	the	the	DET
ajfa-8356	38	30	results	result	NOUN
ajfa-8356	38	31	of	of	ADP
ajfa-8356	38	32	fama	fama	NOUN
ajfa-8356	38	33	and	and	CCONJ
ajfa-8356	38	34	french	french	ADJ
ajfa-8356	38	35	(	(	PUNCT
ajfa-8356	38	36	1992	1992	NUM
ajfa-8356	38	37	)	)	PUNCT
ajfa-8356	38	38	.	.	PUNCT
ajfa-8356	39	1	he	he	PRON
ajfa-8356	39	2	argues	argue	VERB
ajfa-8356	39	3	that	that	SCONJ
ajfa-8356	39	4	the	the	DET
ajfa-8356	39	5	result	result	NOUN
ajfa-8356	39	6	of	of	ADP
ajfa-8356	39	7	fama	fama	NOUN
ajfa-8356	39	8	and	and	CCONJ
ajfa-8356	39	9	french	french	ADJ
ajfa-8356	39	10	(	(	PUNCT
ajfa-8356	39	11	1992	1992	NUM
ajfa-8356	39	12	)	)	PUNCT
ajfa-8356	39	13	is	be	AUX
ajfa-8356	39	14	the	the	DET
ajfa-8356	39	15	effect	effect	NOUN
ajfa-8356	39	16	of	of	ADP
ajfa-8356	39	17	data	data	NOUN
ajfa-8356	39	18	mining	mining	NOUN
ajfa-8356	39	19	and	and	CCONJ
ajfa-8356	39	20	the	the	DET
ajfa-8356	39	21	announcement	announcement	NOUN
ajfa-8356	39	22	of	of	ADP
ajfa-8356	39	23	death	death	NOUN
ajfa-8356	39	24	of	of	ADP
ajfa-8356	39	25	beta	beta	NOUN
ajfa-8356	39	26	seems	seem	VERB
ajfa-8356	39	27	to	to	PART
ajfa-8356	39	28	be	be	AUX
ajfa-8356	39	29	premature	premature	ADJ
ajfa-8356	39	30	.	.	PUNCT
ajfa-8356	40	1	fama	fama	PROPN
ajfa-8356	40	2	and	and	CCONJ
ajfa-8356	40	3	french	french	ADJ
ajfa-8356	40	4	(	(	PUNCT
ajfa-8356	40	5	1993	1993	NUM
ajfa-8356	40	6	)	)	PUNCT
ajfa-8356	40	7	suggest	suggest	VERB
ajfa-8356	40	8	that	that	SCONJ
ajfa-8356	40	9	a	a	DET
ajfa-8356	40	10	firm	firm	NOUN
ajfa-8356	40	11	’s	’s	PART
ajfa-8356	40	12	book	book	NOUN
ajfa-8356	40	13	-	-	PUNCT
ajfa-8356	40	14	tomarket	tomarket	NOUN
ajfa-8356	40	15	ratio	ratio	NOUN
ajfa-8356	40	16	and	and	CCONJ
ajfa-8356	40	17	size	size	NOUN
ajfa-8356	40	18	are	be	AUX
ajfa-8356	40	19	in	in	ADP
ajfa-8356	40	20	fact	fact	NOUN
ajfa-8356	40	21	proxies	proxy	NOUN
ajfa-8356	40	22	for	for	ADP
ajfa-8356	40	23	the	the	DET
ajfa-8356	40	24	firm	firm	NOUN
ajfa-8356	40	25	’s	’s	PART
ajfa-8356	40	26	loading	loading	NOUN
ajfa-8356	40	27	on	on	ADP
ajfa-8356	40	28	priced	price	VERB
ajfa-8356	40	29	risk	risk	NOUN
ajfa-8356	40	30	factors	factor	NOUN
ajfa-8356	40	31	.	.	PUNCT
ajfa-8356	41	1	fama	fama	PROPN
ajfa-8356	41	2	and	and	CCONJ
ajfa-8356	41	3	french	french	ADJ
ajfa-8356	41	4	(	(	PUNCT
ajfa-8356	41	5	1996a	1996a	NUM
ajfa-8356	41	6	)	)	PUNCT
ajfa-8356	41	7	questioned	question	VERB
ajfa-8356	41	8	the	the	DET
ajfa-8356	41	9	validity	validity	NOUN
ajfa-8356	41	10	of	of	ADP
ajfa-8356	41	11	the	the	DET
ajfa-8356	41	12	results	result	NOUN
ajfa-8356	41	13	of	of	ADP
ajfa-8356	41	14	kothari	kothari	PROPN
ajfa-8356	41	15	et	et	PROPN
ajfa-8356	41	16	al	al	PROPN
ajfa-8356	41	17	.	.	PROPN
ajfa-8356	42	1	(	(	PUNCT
ajfa-8356	42	2	1995	1995	NUM
ajfa-8356	42	3	)	)	PUNCT
ajfa-8356	43	1	and	and	CCONJ
ajfa-8356	43	2	argued	argue	VERB
ajfa-8356	43	3	against	against	ADP
ajfa-8356	43	4	beta	beta	NOUN
ajfa-8356	43	5	.	.	PUNCT
ajfa-8356	44	1	they	they	PRON
ajfa-8356	44	2	also	also	ADV
ajfa-8356	44	3	showed	show	VERB
ajfa-8356	44	4	that	that	SCONJ
ajfa-8356	44	5	annual	annual	ADJ
ajfa-8356	44	6	and	and	CCONJ
ajfa-8356	44	7	monthly	monthly	ADJ
ajfa-8356	44	8	betas	beta	NOUN
ajfa-8356	44	9	produce	produce	VERB
ajfa-8356	44	10	the	the	DET
ajfa-8356	44	11	same	same	ADJ
ajfa-8356	44	12	inferences	inference	NOUN
ajfa-8356	44	13	about	about	ADP
ajfa-8356	44	14	the	the	DET
ajfa-8356	44	15	beta	beta	ADJ
ajfa-8356	44	16	premium	premium	NOUN
ajfa-8356	44	17	.	.	PUNCT
ajfa-8356	45	1	they	they	PRON
ajfa-8356	45	2	argued	argue	VERB
ajfa-8356	45	3	that	that	SCONJ
ajfa-8356	45	4	beta	beta	ADJ
ajfa-8356	45	5	premium	premium	NOUN
ajfa-8356	45	6	is	be	AUX
ajfa-8356	45	7	more	more	ADV
ajfa-8356	45	8	and	and	CCONJ
ajfa-8356	45	9	can	can	AUX
ajfa-8356	45	10	not	not	PART
ajfa-8356	45	11	save	save	VERB
ajfa-8356	45	12	the	the	DET
ajfa-8356	45	13	capm	capm	NOUN
ajfa-8356	45	14	even	even	ADV
ajfa-8356	45	15	though	though	SCONJ
ajfa-8356	45	16	there	there	PRON
ajfa-8356	45	17	are	be	VERB
ajfa-8356	45	18	evidences	evidence	NOUN
ajfa-8356	45	19	to	to	PART
ajfa-8356	45	20	support	support	VERB
ajfa-8356	45	21	that	that	SCONJ
ajfa-8356	45	22	the	the	DET
ajfa-8356	45	23	beta	beta	NOUN
ajfa-8356	45	24	alone	alone	ADV
ajfa-8356	45	25	can	can	AUX
ajfa-8356	45	26	not	not	PART
ajfa-8356	45	27	explain	explain	VERB
ajfa-8356	45	28	expected	expect	VERB
ajfa-8356	45	29	return	return	NOUN
ajfa-8356	45	30	.	.	PUNCT
ajfa-8356	46	1	the	the	DET
ajfa-8356	46	2	review	review	NOUN
ajfa-8356	46	3	of	of	ADP
ajfa-8356	46	4	literature	literature	NOUN
ajfa-8356	46	5	shows	show	VERB
ajfa-8356	46	6	that	that	SCONJ
ajfa-8356	46	7	most	most	ADJ
ajfa-8356	46	8	of	of	ADP
ajfa-8356	46	9	the	the	DET
ajfa-8356	46	10	tests	test	NOUN
ajfa-8356	46	11	of	of	ADP
ajfa-8356	46	12	capm	capm	PROPN
ajfa-8356	46	13	have	have	AUX
ajfa-8356	46	14	been	be	AUX
ajfa-8356	46	15	conducted	conduct	VERB
ajfa-8356	46	16	on	on	ADP
ajfa-8356	46	17	developed	develop	VERB
ajfa-8356	46	18	stock	stock	NOUN
ajfa-8356	46	19	markets	market	NOUN
ajfa-8356	46	20	and	and	CCONJ
ajfa-8356	46	21	are	be	AUX
ajfa-8356	46	22	based	base	VERB
ajfa-8356	46	23	on	on	ADP
ajfa-8356	46	24	the	the	DET
ajfa-8356	46	25	basic	basic	ADJ
ajfa-8356	46	26	methodology	methodology	NOUN
ajfa-8356	46	27	adopted	adopt	VERB
ajfa-8356	46	28	by	by	ADP
ajfa-8356	46	29	(	(	PUNCT
ajfa-8356	46	30	sharpe	sharpe	PROPN
ajfa-8356	46	31	,	,	PUNCT
ajfa-8356	46	32	1964	1964	NUM
ajfa-8356	46	33	;	;	PUNCT
ajfa-8356	46	34	lintner	lintner	NOUN
ajfa-8356	46	35	,	,	PUNCT
ajfa-8356	46	36	1965	1965	NUM
ajfa-8356	46	37	;	;	PUNCT
ajfa-8356	46	38	mossin	mossin	NOUN
ajfa-8356	46	39	,	,	PUNCT
ajfa-8356	46	40	1968	1968	NUM
ajfa-8356	46	41	;	;	PUNCT
ajfa-8356	46	42	black	black	PROPN
ajfa-8356	46	43	et	et	PROPN
ajfa-8356	46	44	al	al	PROPN
ajfa-8356	46	45	.	.	PROPN
ajfa-8356	46	46	,	,	PUNCT
ajfa-8356	46	47	1972	1972	NUM
ajfa-8356	46	48	;	;	PUNCT
ajfa-8356	46	49	fama	fama	PROPN
ajfa-8356	46	50	and	and	CCONJ
ajfa-8356	46	51	macbeth	macbeth	PROPN
ajfa-8356	46	52	,	,	PUNCT
ajfa-8356	46	53	1973	1973	NUM
ajfa-8356	46	54	;	;	PUNCT
ajfa-8356	46	55	ross	ross	PROPN
ajfa-8356	46	56	,	,	PUNCT
ajfa-8356	46	57	1976	1976	NUM
ajfa-8356	46	58	)	)	PUNCT
ajfa-8356	46	59	.	.	PUNCT
ajfa-8356	47	1	besides	besides	SCONJ
ajfa-8356	47	2	testing	test	VERB
ajfa-8356	47	3	for	for	ADP
ajfa-8356	47	4	capm	capm	NOUN
ajfa-8356	47	5	,	,	PUNCT
ajfa-8356	47	6	many	many	ADJ
ajfa-8356	47	7	of	of	ADP
ajfa-8356	47	8	the	the	DET
ajfa-8356	47	9	studies	study	NOUN
ajfa-8356	47	10	have	have	VERB
ajfa-8356	47	11	firm	firm	ADJ
ajfa-8356	47	12	size	size	NOUN
ajfa-8356	47	13	effect	effect	NOUN
ajfa-8356	47	14	,	,	PUNCT
ajfa-8356	47	15	p	p	ADJ
ajfa-8356	47	16	/	/	SYM
ajfa-8356	47	17	e	e	NOUN
ajfa-8356	47	18	effect	effect	NOUN
ajfa-8356	47	19	,	,	PUNCT
ajfa-8356	47	20	dividend	dividend	NOUN
ajfa-8356	47	21	effect	effect	NOUN
ajfa-8356	47	22	,	,	PUNCT
ajfa-8356	47	23	and	and	CCONJ
ajfa-8356	47	24	problems	problem	NOUN
ajfa-8356	47	25	due	due	ADJ
ajfa-8356	47	26	to	to	ADP
ajfa-8356	47	27	misspecification	misspecification	NOUN
ajfa-8356	47	28	in	in	ADP
ajfa-8356	47	29	the	the	DET
ajfa-8356	47	30	capm	capm	PROPN
ajfa-8356	47	31	model	model	NOUN
ajfa-8356	47	32	.	.	PUNCT
ajfa-8356	48	1	in	in	ADP
ajfa-8356	48	2	spite	spite	NOUN
ajfa-8356	48	3	of	of	ADP
ajfa-8356	48	4	the	the	DET
ajfa-8356	48	5	criticism	criticism	NOUN
ajfa-8356	48	6	of	of	ADP
ajfa-8356	48	7	(	(	PUNCT
ajfa-8356	48	8	roll	roll	NOUN
ajfa-8356	48	9	,	,	PUNCT
ajfa-8356	48	10	1977	1977	NUM
ajfa-8356	48	11	,	,	PUNCT
ajfa-8356	48	12	1981	1981	NUM
ajfa-8356	48	13	;	;	PUNCT
ajfa-8356	48	14	fama	fama	PROPN
ajfa-8356	48	15	and	and	CCONJ
ajfa-8356	48	16	french	french	ADJ
ajfa-8356	48	17	,	,	PUNCT
ajfa-8356	48	18	1992	1992	NUM
ajfa-8356	48	19	,	,	PUNCT
ajfa-8356	48	20	1996	1996	NUM
ajfa-8356	48	21	;	;	PUNCT
ajfa-8356	48	22	and	and	CCONJ
ajfa-8356	48	23	davis	davis	PROPN
ajfa-8356	48	24	et	et	PROPN
ajfa-8356	48	25	al	al	PROPN
ajfa-8356	48	26	.	.	PROPN
ajfa-8356	48	27	,	,	PUNCT
ajfa-8356	48	28	2000	2000	NUM
ajfa-8356	48	29	)	)	PUNCT
ajfa-8356	48	30	on	on	ADP
ajfa-8356	48	31	the	the	DET
ajfa-8356	48	32	relevance	relevance	NOUN
ajfa-8356	48	33	of	of	ADP
ajfa-8356	48	34	tests	test	NOUN
ajfa-8356	48	35	of	of	ADP
ajfa-8356	48	36	capm	capm	NOUN
ajfa-8356	48	37	,	,	PUNCT
ajfa-8356	48	38	it	it	PRON
ajfa-8356	48	39	is	be	AUX
ajfa-8356	48	40	clear	clear	ADJ
ajfa-8356	48	41	that	that	SCONJ
ajfa-8356	48	42	the	the	DET
ajfa-8356	48	43	studies	study	NOUN
ajfa-8356	48	44	on	on	ADP
ajfa-8356	48	45	capm	capm	PROPN
ajfa-8356	48	46	have	have	AUX
ajfa-8356	48	47	provided	provide	VERB
ajfa-8356	48	48	valuable	valuable	ADJ
ajfa-8356	48	49	insights	insight	NOUN
ajfa-8356	48	50	to	to	ADP
ajfa-8356	48	51	the	the	DET
ajfa-8356	48	52	stock	stock	NOUN
ajfa-8356	48	53	returns	return	NOUN
ajfa-8356	48	54	behaviour	behaviour	NOUN
ajfa-8356	48	55	in	in	ADP
ajfa-8356	48	56	markets	market	NOUN
ajfa-8356	48	57	.	.	PUNCT
ajfa-8356	49	1	if	if	SCONJ
ajfa-8356	49	2	systematic	systematic	ADJ
ajfa-8356	49	3	risk	risk	NOUN
ajfa-8356	49	4	and	and	CCONJ
ajfa-8356	49	5	returns	return	NOUN
ajfa-8356	49	6	are	be	AUX
ajfa-8356	49	7	linearly	linearly	ADV
ajfa-8356	49	8	related	relate	VERB
ajfa-8356	49	9	and	and	CCONJ
ajfa-8356	49	10	residual	residual	ADJ
ajfa-8356	49	11	risk	risk	NOUN
ajfa-8356	49	12	is	be	AUX
ajfa-8356	49	13	unrelated	unrelated	ADJ
ajfa-8356	49	14	to	to	ADP
ajfa-8356	49	15	returns	return	NOUN
ajfa-8356	49	16	,	,	PUNCT
ajfa-8356	49	17	it	it	PRON
ajfa-8356	49	18	will	will	AUX
ajfa-8356	49	19	have	have	VERB
ajfa-8356	49	20	important	important	ADJ
ajfa-8356	49	21	implication	implication	NOUN
ajfa-8356	49	22	for	for	ADP
ajfa-8356	49	23	investors	investor	NOUN
ajfa-8356	49	24	.	.	PUNCT
ajfa-8356	50	1	iqbal	iqbal	PROPN
ajfa-8356	50	2	(	(	PUNCT
ajfa-8356	50	3	2011	2011	NUM
ajfa-8356	50	4	)	)	PUNCT
ajfa-8356	50	5	reviewed	review	VERB
ajfa-8356	50	6	36	36	NUM
ajfa-8356	50	7	research	research	NOUN
ajfa-8356	50	8	articles	article	NOUN
ajfa-8356	50	9	on	on	ADP
ajfa-8356	50	10	relevance	relevance	NOUN
ajfa-8356	50	11	of	of	ADP
ajfa-8356	50	12	capm	capm	PROPN
ajfa-8356	50	13	and	and	CCONJ
ajfa-8356	50	14	found	find	VERB
ajfa-8356	50	15	that	that	SCONJ
ajfa-8356	50	16	there	there	PRON
ajfa-8356	50	17	are	be	VERB
ajfa-8356	50	18	different	different	ADJ
ajfa-8356	50	19	views	view	NOUN
ajfa-8356	50	20	on	on	ADP
ajfa-8356	50	21	the	the	DET
ajfa-8356	50	22	relevance	relevance	NOUN
ajfa-8356	50	23	of	of	ADP
ajfa-8356	50	24	capm	capm	NOUN
ajfa-8356	50	25	.	.	PUNCT
ajfa-8356	51	1	many	many	ADJ
ajfa-8356	51	2	researchers	researcher	NOUN
ajfa-8356	51	3	believe	believe	VERB
ajfa-8356	51	4	that	that	SCONJ
ajfa-8356	51	5	capm	capm	PROPN
ajfa-8356	51	6	is	be	AUX
ajfa-8356	51	7	relevant	relevant	ADJ
ajfa-8356	51	8	to	to	PART
ajfa-8356	51	9	measure	measure	VERB
ajfa-8356	51	10	risk	risk	NOUN
ajfa-8356	51	11	and	and	CCONJ
ajfa-8356	51	12	return	return	VERB
ajfa-8356	51	13	and	and	CCONJ
ajfa-8356	51	14	the	the	DET
ajfa-8356	51	15	argument	argument	NOUN
ajfa-8356	51	16	on	on	ADP
ajfa-8356	51	17	beta	beta	ADJ
ajfa-8356	51	18	death	death	NOUN
ajfa-8356	51	19	is	be	AUX
ajfa-8356	51	20	premature	premature	ADJ
ajfa-8356	51	21	whereas	whereas	SCONJ
ajfa-8356	51	22	there	there	PRON
ajfa-8356	51	23	is	be	VERB
ajfa-8356	51	24	another	another	DET
ajfa-8356	51	25	group	group	NOUN
ajfa-8356	51	26	of	of	ADP
ajfa-8356	51	27	researchers	researcher	NOUN
ajfa-8356	51	28	who	who	PRON
ajfa-8356	51	29	criticise	criticise	VERB
ajfa-8356	51	30	capm	capm	PROPN
ajfa-8356	51	31	and	and	CCONJ
ajfa-8356	51	32	argue	argue	VERB
ajfa-8356	51	33	that	that	SCONJ
ajfa-8356	51	34	the	the	DET
ajfa-8356	51	35	beta	beta	NOUN
ajfa-8356	51	36	is	be	AUX
ajfa-8356	51	37	dead	dead	ADJ
ajfa-8356	51	38	.	.	PUNCT
ajfa-8356	52	1	singla	singla	PROPN
ajfa-8356	52	2	and	and	CCONJ
ajfa-8356	52	3	pastricha	pastricha	PROPN
ajfa-8356	52	4	(	(	PUNCT
ajfa-8356	52	5	2012	2012	NUM
ajfa-8356	52	6	)	)	PUNCT
ajfa-8356	52	7	in	in	ADP
ajfa-8356	52	8	their	their	PRON
ajfa-8356	52	9	study	study	NOUN
ajfa-8356	52	10	did	do	AUX
ajfa-8356	52	11	not	not	PART
ajfa-8356	52	12	find	find	VERB
ajfa-8356	52	13	any	any	DET
ajfa-8356	52	14	positive	positive	ADJ
ajfa-8356	52	15	relationship	relationship	NOUN
ajfa-8356	52	16	between	between	ADP
ajfa-8356	52	17	the	the	DET
ajfa-8356	52	18	stocks	stock	NOUN
ajfa-8356	52	19	’	'	PUNCT
ajfa-8356	52	20	systematic	systematic	ADJ
ajfa-8356	52	21	risk	risk	NOUN
ajfa-8356	52	22	,	,	PUNCT
ajfa-8356	52	23	beta	beta	NOUN
ajfa-8356	52	24	(	(	PUNCT
ajfa-8356	52	25	β	β	NOUN
ajfa-8356	52	26	)	)	PUNCT
ajfa-8356	52	27	and	and	CCONJ
ajfa-8356	52	28	their	their	PRON
ajfa-8356	52	29	expected	expect	VERB
ajfa-8356	52	30	returns	return	NOUN
ajfa-8356	52	31	.	.	PUNCT
ajfa-8356	53	1	they	they	PRON
ajfa-8356	53	2	found	find	VERB
ajfa-8356	53	3	that	that	SCONJ
ajfa-8356	53	4	the	the	DET
ajfa-8356	53	5	stocks	stock	NOUN
ajfa-8356	53	6	’	'	PUNCT
ajfa-8356	53	7	expected	expect	VERB
ajfa-8356	53	8	return	return	NOUN
ajfa-8356	53	9	is	be	AUX
ajfa-8356	53	10	more	more	ADV
ajfa-8356	53	11	closely	closely	ADV
ajfa-8356	53	12	related	relate	VERB
ajfa-8356	53	13	to	to	ADP
ajfa-8356	53	14	their	their	PRON
ajfa-8356	53	15	betas	beta	NOUN
ajfa-8356	53	16	(	(	PUNCT
ajfa-8356	53	17	β	β	NOUN
ajfa-8356	53	18	)	)	PUNCT
ajfa-8356	53	19	in	in	ADP
ajfa-8356	53	20	the	the	DET
ajfa-8356	53	21	negative	negative	ADJ
ajfa-8356	53	22	return	return	NOUN
ajfa-8356	53	23	periods	period	NOUN
ajfa-8356	53	24	than	than	ADP
ajfa-8356	53	25	in	in	ADP
ajfa-8356	53	26	the	the	DET
ajfa-8356	53	27	positive	positive	ADJ
ajfa-8356	53	28	return	return	NOUN
ajfa-8356	53	29	periods	period	NOUN
ajfa-8356	53	30	.	.	PUNCT
ajfa-8356	54	1	3	3	X
ajfa-8356	54	2	.	.	X
ajfa-8356	54	3	objectives	objective	NOUN
ajfa-8356	54	4	of	of	ADP
ajfa-8356	54	5	the	the	DET
ajfa-8356	54	6	study	study	NOUN
ajfa-8356	54	7	the	the	DET
ajfa-8356	54	8	objectives	objective	NOUN
ajfa-8356	54	9	of	of	ADP
ajfa-8356	54	10	the	the	DET
ajfa-8356	54	11	study	study	NOUN
ajfa-8356	54	12	are	be	AUX
ajfa-8356	54	13	:	:	PUNCT
ajfa-8356	54	14	to	to	PART
ajfa-8356	54	15	find	find	VERB
ajfa-8356	54	16	out	out	ADP
ajfa-8356	54	17	the	the	DET
ajfa-8356	54	18	relationship	relationship	NOUN
ajfa-8356	54	19	between	between	ADP
ajfa-8356	54	20	market	market	NOUN
ajfa-8356	54	21	returns	return	NOUN
ajfa-8356	54	22	and	and	CCONJ
ajfa-8356	54	23	returns	return	NOUN
ajfa-8356	54	24	on	on	ADP
ajfa-8356	54	25	portfolio	portfolio	NOUN
ajfa-8356	54	26	.	.	PUNCT
ajfa-8356	55	1	to	to	PART
ajfa-8356	55	2	determine	determine	VERB
ajfa-8356	55	3	the	the	DET
ajfa-8356	55	4	influence	influence	NOUN
ajfa-8356	55	5	of	of	ADP
ajfa-8356	55	6	unsystematic	unsystematic	ADJ
ajfa-8356	55	7	factors	factor	NOUN
ajfa-8356	55	8	on	on	ADP
ajfa-8356	55	9	portfolio	portfolio	NOUN
ajfa-8356	55	10	.	.	PUNCT
ajfa-8356	56	1	to	to	PART
ajfa-8356	56	2	test	test	VERB
ajfa-8356	56	3	the	the	DET
ajfa-8356	56	4	empirical	empirical	ADJ
ajfa-8356	56	5	validity	validity	NOUN
ajfa-8356	56	6	of	of	ADP
ajfa-8356	56	7	the	the	DET
ajfa-8356	56	8	standard	standard	ADJ
ajfa-8356	56	9	capm	capm	PROPN
ajfa-8356	56	10	model	model	NOUN
ajfa-8356	56	11	on	on	ADP
ajfa-8356	56	12	bahrain	bahrain	NOUN
ajfa-8356	56	13	bourse	bourse	NOUN
ajfa-8356	56	14	.	.	PUNCT
ajfa-8356	57	1	4	4	X
ajfa-8356	57	2	.	.	X
ajfa-8356	57	3	hypotheses	hypothese	VERB
ajfa-8356	57	4	the	the	DET
ajfa-8356	57	5	following	follow	VERB
ajfa-8356	57	6	hypotheses	hypothesis	NOUN
ajfa-8356	57	7	are	be	AUX
ajfa-8356	57	8	developed	develop	VERB
ajfa-8356	57	9	based	base	VERB
ajfa-8356	57	10	on	on	ADP
ajfa-8356	57	11	fama	fama	PROPN
ajfa-8356	57	12	and	and	CCONJ
ajfa-8356	57	13	french	french	ADJ
ajfa-8356	57	14	(	(	PUNCT
ajfa-8356	57	15	1992	1992	NUM
ajfa-8356	57	16	)	)	PUNCT
ajfa-8356	57	17	factors	factor	NOUN
ajfa-8356	57	18	model	model	NOUN
ajfa-8356	57	19	:	:	PUNCT
ajfa-8356	57	20	ho	ho	ADJ
ajfa-8356	57	21	:	:	PUNCT
ajfa-8356	57	22	market	market	NOUN
ajfa-8356	57	23	betas	beta	NOUN
ajfa-8356	57	24	are	be	AUX
ajfa-8356	57	25	not	not	PART
ajfa-8356	57	26	the	the	DET
ajfa-8356	57	27	determinants	determinant	NOUN
ajfa-8356	57	28	of	of	ADP
ajfa-8356	57	29	the	the	DET
ajfa-8356	57	30	cross	cross	NOUN
ajfa-8356	57	31	-	-	NOUN
ajfa-8356	57	32	section	section	NOUN
ajfa-8356	57	33	of	of	ADP
ajfa-8356	57	34	the	the	DET
ajfa-8356	57	35	expected	expect	VERB
ajfa-8356	57	36	portfolio	portfolio	NOUN
ajfa-8356	57	37	returns	return	NOUN
ajfa-8356	57	38	.	.	PUNCT
ajfa-8356	58	1	asian	asian	ADJ
ajfa-8356	58	2	journal	journal	PROPN
ajfa-8356	58	3	of	of	ADP
ajfa-8356	58	4	finance	finance	PROPN
ajfa-8356	58	5	&	&	CCONJ
ajfa-8356	58	6	accounting	accounting	PROPN
ajfa-8356	58	7	issn	issn	PROPN
ajfa-8356	58	8	1946	1946	NUM
ajfa-8356	58	9	-	-	PUNCT
ajfa-8356	58	10	052x	052x	NOUN
ajfa-8356	58	11	2015	2015	NUM
ajfa-8356	58	12	,	,	PUNCT
ajfa-8356	58	13	vol	vol	NOUN
ajfa-8356	58	14	.	.	PROPN
ajfa-8356	58	15	7	7	NUM
ajfa-8356	58	16	,	,	PUNCT
ajfa-8356	58	17	no	no	INTJ
ajfa-8356	58	18	.	.	NOUN
ajfa-8356	58	19	2	2	NUM
ajfa-8356	58	20	110	110	NUM
ajfa-8356	58	21	ho	ho	NOUN
ajfa-8356	58	22	:	:	PUNCT
ajfa-8356	58	23	the	the	DET
ajfa-8356	58	24	intercept	intercept	NOUN
ajfa-8356	58	25	(	(	PUNCT
ajfa-8356	58	26	alpha	alpha	NOUN
ajfa-8356	58	27	)	)	PUNCT
ajfa-8356	58	28	in	in	ADP
ajfa-8356	58	29	the	the	DET
ajfa-8356	58	30	capm	capm	NOUN
ajfa-8356	58	31	is	be	AUX
ajfa-8356	58	32	not	not	PART
ajfa-8356	58	33	significantly	significantly	ADV
ajfa-8356	58	34	different	different	ADJ
ajfa-8356	58	35	from	from	ADP
ajfa-8356	58	36	zero	zero	NUM
ajfa-8356	58	37	.	.	PUNCT
ajfa-8356	59	1	ho	ho	PROPN
ajfa-8356	59	2	:	:	PUNCT
ajfa-8356	59	3	the	the	DET
ajfa-8356	59	4	cross	cross	PROPN
ajfa-8356	59	5	section	section	PROPN
ajfa-8356	59	6	regression	regression	NOUN
ajfa-8356	59	7	is	be	AUX
ajfa-8356	59	8	not	not	PART
ajfa-8356	59	9	a	a	DET
ajfa-8356	59	10	good	good	ADJ
ajfa-8356	59	11	fit	fit	NOUN
ajfa-8356	59	12	in	in	ADP
ajfa-8356	59	13	both	both	CCONJ
ajfa-8356	59	14	univariate	univariate	ADJ
ajfa-8356	59	15	and	and	CCONJ
ajfa-8356	59	16	multiple	multiple	ADJ
ajfa-8356	59	17	regression	regression	NOUN
ajfa-8356	59	18	.	.	PUNCT
ajfa-8356	60	1	ho	ho	ADJ
ajfa-8356	60	2	:	:	PUNCT
ajfa-8356	60	3	excess	excess	ADJ
ajfa-8356	60	4	market	market	NOUN
ajfa-8356	60	5	return	return	NOUN
ajfa-8356	60	6	over	over	ADP
ajfa-8356	60	7	the	the	DET
ajfa-8356	60	8	risk	risk	NOUN
ajfa-8356	60	9	free	free	ADJ
ajfa-8356	60	10	rate	rate	NOUN
ajfa-8356	60	11	of	of	ADP
ajfa-8356	60	12	return	return	NOUN
ajfa-8356	60	13	(	(	PUNCT
ajfa-8356	60	14	rm	rm	NOUN
ajfa-8356	60	15	-	-	PUNCT
ajfa-8356	60	16	rf	rf	NOUN
ajfa-8356	60	17	)	)	PUNCT
ajfa-8356	60	18	does	do	AUX
ajfa-8356	60	19	not	not	PART
ajfa-8356	60	20	explain	explain	VERB
ajfa-8356	60	21	the	the	DET
ajfa-8356	60	22	cross	cross	NOUN
ajfa-8356	60	23	-	-	NOUN
ajfa-8356	60	24	section	section	NOUN
ajfa-8356	60	25	of	of	ADP
ajfa-8356	60	26	portfolio	portfolio	NOUN
ajfa-8356	60	27	returns	return	NOUN
ajfa-8356	60	28	.	.	PUNCT
ajfa-8356	61	1	the	the	DET
ajfa-8356	61	2	corresponding	corresponding	ADJ
ajfa-8356	61	3	alternate	alternate	ADJ
ajfa-8356	61	4	hypotheses	hypothesis	NOUN
ajfa-8356	61	5	for	for	ADP
ajfa-8356	61	6	the	the	DET
ajfa-8356	61	7	above	above	ADJ
ajfa-8356	61	8	null	null	ADJ
ajfa-8356	61	9	hypotheses	hypothesis	NOUN
ajfa-8356	61	10	are	be	AUX
ajfa-8356	61	11	:	:	PUNCT
ajfa-8356	61	12	h1	h1	ADJ
ajfa-8356	61	13	:	:	PUNCT
ajfa-8356	61	14	market	market	NOUN
ajfa-8356	61	15	betas	beta	NOUN
ajfa-8356	61	16	are	be	AUX
ajfa-8356	61	17	the	the	DET
ajfa-8356	61	18	determinants	determinant	NOUN
ajfa-8356	61	19	of	of	ADP
ajfa-8356	61	20	the	the	DET
ajfa-8356	61	21	cross	cross	NOUN
ajfa-8356	61	22	-	-	NOUN
ajfa-8356	61	23	section	section	NOUN
ajfa-8356	61	24	of	of	ADP
ajfa-8356	61	25	the	the	DET
ajfa-8356	61	26	expected	expect	VERB
ajfa-8356	61	27	returns	return	NOUN
ajfa-8356	61	28	on	on	ADP
ajfa-8356	61	29	portfolio	portfolio	NOUN
ajfa-8356	61	30	.	.	PUNCT
ajfa-8356	62	1	h1	h1	PROPN
ajfa-8356	62	2	:	:	PUNCT
ajfa-8356	62	3	the	the	DET
ajfa-8356	62	4	intercept	intercept	NOUN
ajfa-8356	62	5	(	(	PUNCT
ajfa-8356	62	6	alpha	alpha	NOUN
ajfa-8356	62	7	)	)	PUNCT
ajfa-8356	62	8	in	in	ADP
ajfa-8356	62	9	the	the	DET
ajfa-8356	62	10	capm	capm	PROPN
ajfa-8356	62	11	is	be	AUX
ajfa-8356	62	12	significantly	significantly	ADV
ajfa-8356	62	13	different	different	ADJ
ajfa-8356	62	14	from	from	ADP
ajfa-8356	62	15	zero	zero	NUM
ajfa-8356	62	16	.	.	PUNCT
ajfa-8356	63	1	h1	h1	PROPN
ajfa-8356	63	2	:	:	PUNCT
ajfa-8356	63	3	the	the	DET
ajfa-8356	63	4	cross	cross	PROPN
ajfa-8356	63	5	section	section	PROPN
ajfa-8356	63	6	regression	regression	NOUN
ajfa-8356	63	7	is	be	AUX
ajfa-8356	63	8	a	a	DET
ajfa-8356	63	9	good	good	ADJ
ajfa-8356	63	10	fit	fit	NOUN
ajfa-8356	63	11	in	in	ADP
ajfa-8356	63	12	both	both	CCONJ
ajfa-8356	63	13	univariate	univariate	ADJ
ajfa-8356	63	14	and	and	CCONJ
ajfa-8356	63	15	multiple	multiple	ADJ
ajfa-8356	63	16	regression	regression	NOUN
ajfa-8356	63	17	.	.	PUNCT
ajfa-8356	64	1	h1	h1	PROPN
ajfa-8356	64	2	:	:	PUNCT
ajfa-8356	64	3	rm	rm	NOUN
ajfa-8356	64	4	-	-	PUNCT
ajfa-8356	64	5	rf	rf	PROPN
ajfa-8356	64	6	explains	explain	VERB
ajfa-8356	64	7	the	the	DET
ajfa-8356	64	8	cross	cross	NOUN
ajfa-8356	64	9	-	-	NOUN
ajfa-8356	64	10	section	section	NOUN
ajfa-8356	64	11	of	of	ADP
ajfa-8356	64	12	portfolio	portfolio	NOUN
ajfa-8356	64	13	returns	return	NOUN
ajfa-8356	64	14	.	.	PUNCT
ajfa-8356	65	1	the	the	DET
ajfa-8356	65	2	intercept	intercept	NOUN
ajfa-8356	65	3	value	value	NOUN
ajfa-8356	65	4	is	be	AUX
ajfa-8356	65	5	hypothesized	hypothesize	VERB
ajfa-8356	65	6	to	to	PART
ajfa-8356	65	7	be	be	AUX
ajfa-8356	65	8	zero	zero	NUM
ajfa-8356	65	9	in	in	ADP
ajfa-8356	65	10	the	the	DET
ajfa-8356	65	11	capm	capm	NOUN
ajfa-8356	65	12	because	because	SCONJ
ajfa-8356	65	13	of	of	ADP
ajfa-8356	65	14	the	the	DET
ajfa-8356	65	15	model	model	NOUN
ajfa-8356	65	16	used	use	VERB
ajfa-8356	65	17	to	to	PART
ajfa-8356	65	18	test	test	VERB
ajfa-8356	65	19	the	the	DET
ajfa-8356	65	20	dependent	dependent	ADJ
ajfa-8356	65	21	variable	variable	NOUN
ajfa-8356	65	22	,	,	PUNCT
ajfa-8356	65	23	excess	excess	NOUN
ajfa-8356	65	24	of	of	ADP
ajfa-8356	65	25	portfolio	portfolio	NOUN
ajfa-8356	65	26	returns	return	NOUN
ajfa-8356	65	27	over	over	ADP
ajfa-8356	65	28	the	the	DET
ajfa-8356	65	29	risk	risk	NOUN
ajfa-8356	65	30	free	free	ADJ
ajfa-8356	65	31	returns	return	NOUN
ajfa-8356	65	32	(	(	PUNCT
ajfa-8356	65	33	rp	rp	NOUN
ajfa-8356	65	34	-	-	PUNCT
ajfa-8356	65	35	rf	rf	NOUN
ajfa-8356	65	36	)	)	PUNCT
ajfa-8356	65	37	.	.	PUNCT
ajfa-8356	66	1	in	in	ADP
ajfa-8356	66	2	other	other	ADJ
ajfa-8356	66	3	cases	case	NOUN
ajfa-8356	66	4	,	,	PUNCT
ajfa-8356	66	5	the	the	DET
ajfa-8356	66	6	intercept	intercept	NOUN
ajfa-8356	66	7	is	be	AUX
ajfa-8356	66	8	expected	expect	VERB
ajfa-8356	66	9	to	to	PART
ajfa-8356	66	10	be	be	AUX
ajfa-8356	66	11	equal	equal	ADJ
ajfa-8356	66	12	to	to	ADP
ajfa-8356	66	13	the	the	DET
ajfa-8356	66	14	risk	risk	NOUN
ajfa-8356	66	15	-	-	PUNCT
ajfa-8356	66	16	free	free	ADJ
ajfa-8356	66	17	rate	rate	NOUN
ajfa-8356	66	18	of	of	ADP
ajfa-8356	66	19	return	return	NOUN
ajfa-8356	66	20	.	.	PUNCT
ajfa-8356	67	1	because	because	SCONJ
ajfa-8356	67	2	of	of	ADP
ajfa-8356	67	3	the	the	DET
ajfa-8356	67	4	way	way	NOUN
ajfa-8356	67	5	researcher	researcher	NOUN
ajfa-8356	67	6	has	have	AUX
ajfa-8356	67	7	defined	define	VERB
ajfa-8356	67	8	the	the	DET
ajfa-8356	67	9	dependent	dependent	ADJ
ajfa-8356	67	10	variable	variable	NOUN
ajfa-8356	67	11	in	in	ADP
ajfa-8356	67	12	this	this	DET
ajfa-8356	67	13	study	study	NOUN
ajfa-8356	67	14	,	,	PUNCT
ajfa-8356	67	15	alpha	alpha	NOUN
ajfa-8356	67	16	is	be	AUX
ajfa-8356	67	17	equated	equate	VERB
ajfa-8356	67	18	to	to	ADP
ajfa-8356	67	19	zero	zero	NUM
ajfa-8356	67	20	.	.	PUNCT
ajfa-8356	68	1	this	this	DET
ajfa-8356	68	2	model	model	NOUN
ajfa-8356	68	3	also	also	ADV
ajfa-8356	68	4	yields	yield	VERB
ajfa-8356	68	5	results	result	NOUN
ajfa-8356	68	6	similar	similar	ADJ
ajfa-8356	68	7	to	to	ADP
ajfa-8356	68	8	the	the	DET
ajfa-8356	68	9	standard	standard	ADJ
ajfa-8356	68	10	form	form	NOUN
ajfa-8356	68	11	where	where	SCONJ
ajfa-8356	68	12	alpha	alpha	NOUN
ajfa-8356	68	13	is	be	AUX
ajfa-8356	68	14	equated	equate	VERB
ajfa-8356	68	15	to	to	ADP
ajfa-8356	68	16	the	the	DET
ajfa-8356	68	17	risk	risk	NOUN
ajfa-8356	68	18	-	-	PUNCT
ajfa-8356	68	19	free	free	ADJ
ajfa-8356	68	20	rate	rate	NOUN
ajfa-8356	68	21	of	of	ADP
ajfa-8356	68	22	return	return	NOUN
ajfa-8356	68	23	.	.	PUNCT
ajfa-8356	69	1	5	5	X
ajfa-8356	69	2	.	.	X
ajfa-8356	69	3	research	research	NOUN
ajfa-8356	69	4	methodology	methodology	NOUN
ajfa-8356	69	5	black	black	PROPN
ajfa-8356	69	6	et	et	PROPN
ajfa-8356	69	7	al	al	PROPN
ajfa-8356	69	8	.	.	PROPN
ajfa-8356	70	1	(	(	PUNCT
ajfa-8356	70	2	1972	1972	NUM
ajfa-8356	70	3	)	)	PUNCT
ajfa-8356	70	4	analysed	analyse	VERB
ajfa-8356	70	5	the	the	DET
ajfa-8356	70	6	relationship	relationship	NOUN
ajfa-8356	70	7	between	between	ADP
ajfa-8356	70	8	risk	risk	NOUN
ajfa-8356	70	9	and	and	CCONJ
ajfa-8356	70	10	return	return	VERB
ajfa-8356	70	11	and	and	CCONJ
ajfa-8356	70	12	verified	verify	VERB
ajfa-8356	70	13	whether	whether	SCONJ
ajfa-8356	70	14	the	the	DET
ajfa-8356	70	15	relationship	relationship	NOUN
ajfa-8356	70	16	is	be	AUX
ajfa-8356	70	17	linear	linear	ADJ
ajfa-8356	70	18	.	.	PUNCT
ajfa-8356	71	1	they	they	PRON
ajfa-8356	71	2	found	find	VERB
ajfa-8356	71	3	that	that	SCONJ
ajfa-8356	71	4	systematic	systematic	ADJ
ajfa-8356	71	5	risk	risk	NOUN
ajfa-8356	71	6	or	or	CCONJ
ajfa-8356	71	7	beta	beta	NOUN
ajfa-8356	71	8	is	be	AUX
ajfa-8356	71	9	an	an	DET
ajfa-8356	71	10	important	important	ADJ
ajfa-8356	71	11	determinant	determinant	NOUN
ajfa-8356	71	12	of	of	ADP
ajfa-8356	71	13	security	security	NOUN
ajfa-8356	71	14	return	return	NOUN
ajfa-8356	71	15	.	.	PUNCT
ajfa-8356	72	1	5.1	5.1	NUM
ajfa-8356	72	2	calculation	calculation	NOUN
ajfa-8356	72	3	of	of	ADP
ajfa-8356	72	4	percentage	percentage	NOUN
ajfa-8356	72	5	returns	return	NOUN
ajfa-8356	72	6	,	,	PUNCT
ajfa-8356	72	7	beta	beta	NOUN
ajfa-8356	72	8	,	,	PUNCT
ajfa-8356	72	9	alpha	alpha	NOUN
ajfa-8356	72	10	and	and	CCONJ
ajfa-8356	72	11	total	total	ADJ
ajfa-8356	72	12	risk	risk	NOUN
ajfa-8356	72	13	the	the	DET
ajfa-8356	72	14	daily	daily	ADJ
ajfa-8356	72	15	returns	return	NOUN
ajfa-8356	72	16	are	be	AUX
ajfa-8356	72	17	calculated	calculate	VERB
ajfa-8356	72	18	using	use	VERB
ajfa-8356	72	19	the	the	DET
ajfa-8356	72	20	following	follow	VERB
ajfa-8356	72	21	models	model	NOUN
ajfa-8356	72	22	:	:	PUNCT
ajfa-8356	72	23	1	1	NUM
ajfa-8356	72	24	1	1	NUM
ajfa-8356	72	25	1	1	NUM
ajfa-8356	72	26	1	1	NUM
ajfa-8356	72	27	100	100	NUM
ajfa-8356	72	28	,	,	PUNCT
ajfa-8356	72	29	100it	100it	ADJ
ajfa-8356	72	30	it	it	PRON
ajfa-8356	72	31	it	it	PRON
ajfa-8356	73	1	it	it	PRON
ajfa-8356	74	1	it	it	PRON
ajfa-8356	74	2	mit	mit	VERB
ajfa-8356	74	3	it	it	PRON
ajfa-8356	74	4	it	it	PRON
ajfa-8356	75	1	p	p	X
ajfa-8356	75	2	p	p	NOUN
ajfa-8356	76	1	i	i	PRON
ajfa-8356	76	2	ir	ir	INTJ
ajfa-8356	77	1	r	r	NOUN
ajfa-8356	77	2	p	p	X
ajfa-8356	77	3	i	i	PRON
ajfa-8356	77	4	−	−	PROPN
ajfa-8356	78	1	−	−	PROPN
ajfa-8356	78	2	−	−	PROPN
ajfa-8356	79	1	−	−	PROPN
ajfa-8356	79	2	−	−	PROPN
ajfa-8356	80	1	−=	−=	NOUN
ajfa-8356	80	2	×	×	NOUN
ajfa-8356	80	3	=	=	SYM
ajfa-8356	80	4	×	×	NOUN
ajfa-8356	80	5	(	(	PUNCT
ajfa-8356	80	6	1	1	NUM
ajfa-8356	80	7	)	)	PUNCT
ajfa-8356	80	8	mean	mean	VERB
ajfa-8356	80	9	return	return	NOUN
ajfa-8356	80	10	of	of	ADP
ajfa-8356	80	11	security	security	NOUN
ajfa-8356	80	12	is	be	AUX
ajfa-8356	80	13	given	give	VERB
ajfa-8356	80	14	by	by	ADP
ajfa-8356	80	15	:	:	PUNCT
ajfa-8356	80	16	1	1	NUM
ajfa-8356	80	17	n	n	NUM
ajfa-8356	80	18	it	it	PRON
ajfa-8356	81	1	t	t	X
ajfa-8356	82	1	i	i	PRON
ajfa-8356	82	2	r	r	NOUN
ajfa-8356	82	3	r	r	NOUN
ajfa-8356	82	4	n	n	NOUN
ajfa-8356	82	5	=	=	NOUN
ajfa-8356	82	6	=	=	NOUN
ajfa-8356	82	7			X
ajfa-8356	82	8	(	(	PUNCT
ajfa-8356	82	9	2	2	X
ajfa-8356	82	10	)	)	PUNCT
ajfa-8356	82	11	mean	mean	NOUN
ajfa-8356	82	12	return	return	NOUN
ajfa-8356	82	13	of	of	ADP
ajfa-8356	82	14	market	market	NOUN
ajfa-8356	82	15	m	m	VERB
ajfa-8356	82	16	is	be	AUX
ajfa-8356	82	17	given	give	VERB
ajfa-8356	82	18	by	by	ADP
ajfa-8356	82	19	:	:	PUNCT
ajfa-8356	82	20	1	1	NUM
ajfa-8356	82	21	n	n	PRON
ajfa-8356	82	22	mit	mit	VERB
ajfa-8356	82	23	t	t	NOUN
ajfa-8356	82	24	m	m	NOUN
ajfa-8356	82	25	r	r	NOUN
ajfa-8356	82	26	r	r	NOUN
ajfa-8356	82	27	n	n	NOUN
ajfa-8356	82	28	=	=	NOUN
ajfa-8356	82	29	=	=	NOUN
ajfa-8356	82	30			X
ajfa-8356	82	31	(	(	PUNCT
ajfa-8356	82	32	3	3	NUM
ajfa-8356	82	33	)	)	PUNCT
ajfa-8356	82	34	where	where	SCONJ
ajfa-8356	82	35	,	,	PUNCT
ajfa-8356	82	36	asian	asian	ADJ
ajfa-8356	82	37	journal	journal	NOUN
ajfa-8356	82	38	of	of	ADP
ajfa-8356	82	39	finance	finance	PROPN
ajfa-8356	82	40	&	&	CCONJ
ajfa-8356	82	41	accounting	accounting	PROPN
ajfa-8356	82	42	issn	issn	PROPN
ajfa-8356	82	43	1946	1946	NUM
ajfa-8356	82	44	-	-	PUNCT
ajfa-8356	82	45	052x	052x	NOUN
ajfa-8356	82	46	2015	2015	NUM
ajfa-8356	82	47	,	,	PUNCT
ajfa-8356	82	48	vol	vol	NOUN
ajfa-8356	82	49	.	.	PROPN
ajfa-8356	82	50	7	7	NUM
ajfa-8356	82	51	,	,	PUNCT
ajfa-8356	82	52	no	no	INTJ
ajfa-8356	82	53	.	.	NOUN
ajfa-8356	82	54	2	2	NUM
ajfa-8356	82	55	111	111	NUM
ajfa-8356	82	56	rit	rit	NOUN
ajfa-8356	82	57	=	=	SYM
ajfa-8356	82	58	return	return	NOUN
ajfa-8356	82	59	on	on	ADP
ajfa-8356	82	60	security	security	NOUN
ajfa-8356	82	61	i	i	PRON
ajfa-8356	82	62	during	during	ADP
ajfa-8356	82	63	time	time	NOUN
ajfa-8356	82	64	period	period	NOUN
ajfa-8356	82	65	t	t	PROPN
ajfa-8356	82	66	;	;	PUNCT
ajfa-8356	82	67	rmit	rmit	PROPN
ajfa-8356	82	68	=	=	PUNCT
ajfa-8356	82	69	return	return	NOUN
ajfa-8356	82	70	on	on	ADP
ajfa-8356	82	71	market	market	NOUN
ajfa-8356	82	72	index	index	NOUN
ajfa-8356	82	73	during	during	ADP
ajfa-8356	82	74	time	time	NOUN
ajfa-8356	82	75	period	period	NOUN
ajfa-8356	82	76	t	t	PROPN
ajfa-8356	82	77	;	;	PUNCT
ajfa-8356	82	78	pit	pit	NOUN
ajfa-8356	82	79	=	=	SYM
ajfa-8356	82	80	adjusted	adjust	VERB
ajfa-8356	82	81	closing	closing	NOUN
ajfa-8356	82	82	price	price	NOUN
ajfa-8356	82	83	of	of	ADP
ajfa-8356	82	84	security	security	NOUN
ajfa-8356	82	85	i	i	PRON
ajfa-8356	82	86	for	for	ADP
ajfa-8356	82	87	time	time	NOUN
ajfa-8356	82	88	t	t	NOUN
ajfa-8356	82	89	;	;	PUNCT
ajfa-8356	82	90	pit-1	pit-1	ADV
ajfa-8356	82	91	=	=	NUM
ajfa-8356	82	92	adjusted	adjust	VERB
ajfa-8356	82	93	closing	closing	NOUN
ajfa-8356	82	94	price	price	NOUN
ajfa-8356	82	95	of	of	ADP
ajfa-8356	82	96	security	security	NOUN
ajfa-8356	82	97	i	i	PRON
ajfa-8356	82	98	for	for	ADP
ajfa-8356	82	99	time	time	NOUN
ajfa-8356	82	100	t-1	t-1	PROPN
ajfa-8356	82	101	;	;	PUNCT
ajfa-8356	82	102	iit	iit	PROPN
ajfa-8356	82	103	=	=	PROPN
ajfa-8356	82	104	adjusted	adjust	VERB
ajfa-8356	82	105	closing	closing	NOUN
ajfa-8356	82	106	value	value	NOUN
ajfa-8356	82	107	of	of	ADP
ajfa-8356	82	108	market	market	NOUN
ajfa-8356	82	109	index	index	NOUN
ajfa-8356	82	110	corresponding	correspond	VERB
ajfa-8356	82	111	to	to	ADP
ajfa-8356	82	112	the	the	DET
ajfa-8356	82	113	period	period	NOUN
ajfa-8356	82	114	of	of	ADP
ajfa-8356	82	115	security	security	NOUN
ajfa-8356	82	116	i	i	PRON
ajfa-8356	82	117	for	for	ADP
ajfa-8356	82	118	time	time	NOUN
ajfa-8356	82	119	t	t	NOUN
ajfa-8356	82	120	;	;	PUNCT
ajfa-8356	82	121	iit-1	iit-1	ADV
ajfa-8356	82	122	=	=	NUM
ajfa-8356	82	123	adjusted	adjust	VERB
ajfa-8356	82	124	closing	closing	NOUN
ajfa-8356	82	125	value	value	NOUN
ajfa-8356	82	126	of	of	ADP
ajfa-8356	82	127	market	market	NOUN
ajfa-8356	82	128	index	index	NOUN
ajfa-8356	82	129	corresponding	correspond	VERB
ajfa-8356	82	130	to	to	ADP
ajfa-8356	82	131	the	the	DET
ajfa-8356	82	132	period	period	NOUN
ajfa-8356	82	133	of	of	ADP
ajfa-8356	82	134	security	security	NOUN
ajfa-8356	82	135	i	i	PRON
ajfa-8356	82	136	for	for	ADP
ajfa-8356	82	137	time	time	NOUN
ajfa-8356	82	138	t-1	t-1	PROPN
ajfa-8356	82	139	;	;	PUNCT
ajfa-8356	82	140	n	n	NOUN
ajfa-8356	82	141	=	=	NOUN
ajfa-8356	82	142	number	number	NOUN
ajfa-8356	82	143	of	of	ADP
ajfa-8356	82	144	observations	observation	NOUN
ajfa-8356	82	145	(	(	PUNCT
ajfa-8356	82	146	returns	return	NOUN
ajfa-8356	82	147	)	)	PUNCT
ajfa-8356	82	148	.	.	PUNCT
ajfa-8356	83	1	the	the	DET
ajfa-8356	83	2	following	follow	VERB
ajfa-8356	83	3	market	market	NOUN
ajfa-8356	83	4	model	model	NOUN
ajfa-8356	83	5	is	be	AUX
ajfa-8356	83	6	used	use	VERB
ajfa-8356	83	7	to	to	PART
ajfa-8356	83	8	represent	represent	VERB
ajfa-8356	83	9	expected	expect	VERB
ajfa-8356	83	10	returns	return	NOUN
ajfa-8356	83	11	on	on	ADP
ajfa-8356	83	12	security	security	NOUN
ajfa-8356	83	13	.	.	PUNCT
ajfa-8356	84	1	the	the	DET
ajfa-8356	84	2	realized	realize	VERB
ajfa-8356	84	3	returns	return	NOUN
ajfa-8356	84	4	are	be	AUX
ajfa-8356	84	5	used	use	VERB
ajfa-8356	84	6	as	as	ADP
ajfa-8356	84	7	the	the	DET
ajfa-8356	84	8	measure	measure	NOUN
ajfa-8356	84	9	in	in	ADP
ajfa-8356	84	10	place	place	NOUN
ajfa-8356	84	11	of	of	ADP
ajfa-8356	84	12	expected	expect	VERB
ajfa-8356	84	13	returns	return	NOUN
ajfa-8356	84	14	.	.	PUNCT
ajfa-8356	85	1	the	the	DET
ajfa-8356	85	2	risk	risk	NOUN
ajfa-8356	85	3	measures	measure	NOUN
ajfa-8356	85	4	like	like	ADP
ajfa-8356	85	5	beta	beta	NOUN
ajfa-8356	85	6	,	,	PUNCT
ajfa-8356	85	7	alpha	alpha	NOUN
ajfa-8356	85	8	are	be	AUX
ajfa-8356	85	9	calculated	calculate	VERB
ajfa-8356	85	10	using	use	VERB
ajfa-8356	85	11	this	this	DET
ajfa-8356	85	12	model	model	NOUN
ajfa-8356	85	13	.	.	PUNCT
ajfa-8356	86	1	,	,	PUNCT
ajfa-8356	86	2	1	1	NUM
ajfa-8356	86	3	,	,	PUNCT
ajfa-8356	86	4	...	...	PUNCT
ajfa-8356	87	1	.i	.i	NOUN
ajfa-8356	88	1	i	i	PRON
ajfa-8356	88	2	i	i	PRON
ajfa-8356	88	3	m	m	VERB
ajfa-8356	88	4	ir	ir	VERB
ajfa-8356	88	5	r	r	NOUN
ajfa-8356	88	6	e	e	NOUN
ajfa-8356	88	7	for	for	ADP
ajfa-8356	88	8	i	i	PRON
ajfa-8356	88	9	nα	nα	VERB
ajfa-8356	88	10	β=	β=	NOUN
ajfa-8356	89	1	+	+	CCONJ
ajfa-8356	90	1	+	+	PUNCT
ajfa-8356	90	2	=	=	SYM
ajfa-8356	90	3	(	(	PUNCT
ajfa-8356	90	4	4	4	X
ajfa-8356	90	5	)	)	PUNCT
ajfa-8356	90	6	mean	mean	NOUN
ajfa-8356	90	7	of	of	ADP
ajfa-8356	90	8	(	(	PUNCT
ajfa-8356	90	9	ei	ei	NOUN
ajfa-8356	90	10	)	)	PUNCT
ajfa-8356	90	11	=	=	SYM
ajfa-8356	90	12	e	e	X
ajfa-8356	90	13	(	(	PUNCT
ajfa-8356	90	14	ei	ei	NOUN
ajfa-8356	90	15	)	)	PUNCT
ajfa-8356	90	16	=	=	SYM
ajfa-8356	90	17	0	0	NUM
ajfa-8356	90	18	;	;	PUNCT
ajfa-8356	90	19	variance	variance	NOUN
ajfa-8356	90	20	of	of	ADP
ajfa-8356	90	21	ei	ei	NOUN
ajfa-8356	90	22	=	=	SYM
ajfa-8356	90	23	e	e	X
ajfa-8356	90	24	(	(	PUNCT
ajfa-8356	90	25	ei	ei	NOUN
ajfa-8356	90	26	2	2	NUM
ajfa-8356	90	27	)	)	PUNCT
ajfa-8356	90	28	=	=	SYM
ajfa-8356	90	29	2	2	NUM
ajfa-8356	90	30	ieσ	ieσ	NOUN
ajfa-8356	90	31	;	;	PUNCT
ajfa-8356	90	32	variance	variance	NOUN
ajfa-8356	90	33	of	of	ADP
ajfa-8356	90	34	rm	rm	NOUN
ajfa-8356	90	35	=	=	SYM
ajfa-8356	90	36	e	e	PROPN
ajfa-8356	90	37	(	(	PUNCT
ajfa-8356	90	38	rm	rm	NOUN
ajfa-8356	90	39	rm)2	rm)2	PROPN
ajfa-8356	90	40	=	=	PUNCT
ajfa-8356	90	41	σm	σm	ADP
ajfa-8356	90	42	2	2	NUM
ajfa-8356	90	43	(	(	PUNCT
ajfa-8356	90	44	5	5	NUM
ajfa-8356	90	45	)	)	PUNCT
ajfa-8356	90	46	variance	variance	NOUN
ajfa-8356	90	47	of	of	ADP
ajfa-8356	90	48	security	security	NOUN
ajfa-8356	90	49	i	i	PRON
ajfa-8356	90	50	is	be	AUX
ajfa-8356	90	51	:	:	PUNCT
ajfa-8356	90	52	σi	σi	NOUN
ajfa-8356	90	53	2	2	NUM
ajfa-8356	90	54	=	=	SYM
ajfa-8356	90	55	βi	βi	PROPN
ajfa-8356	90	56	2	2	NUM
ajfa-8356	90	57	σm	σm	NOUN
ajfa-8356	90	58	2	2	NUM
ajfa-8356	90	59	+	+	NUM
ajfa-8356	90	60	2	2	NUM
ajfa-8356	90	61	ieσ	ieσ	NOUN
ajfa-8356	90	62	(	(	PUNCT
ajfa-8356	90	63	6	6	NUM
ajfa-8356	90	64	)	)	PUNCT
ajfa-8356	90	65	where	where	SCONJ
ajfa-8356	90	66	,	,	PUNCT
ajfa-8356	90	67	ri	ri	PROPN
ajfa-8356	90	68	=	=	PRON
ajfa-8356	90	69	expected	expect	VERB
ajfa-8356	90	70	return	return	NOUN
ajfa-8356	90	71	on	on	ADP
ajfa-8356	90	72	security	security	NOUN
ajfa-8356	90	73	‘	'	PUNCT
ajfa-8356	90	74	i	i	PRON
ajfa-8356	90	75	’	'	PUNCT
ajfa-8356	90	76	;	;	PUNCT
ajfa-8356	90	77	αi	αi	X
ajfa-8356	90	78	=	=	SYM
ajfa-8356	90	79	intercept	intercept	NOUN
ajfa-8356	90	80	of	of	ADP
ajfa-8356	90	81	a	a	DET
ajfa-8356	90	82	straight	straight	ADJ
ajfa-8356	90	83	line	line	NOUN
ajfa-8356	90	84	or	or	CCONJ
ajfa-8356	90	85	alpha	alpha	NOUN
ajfa-8356	90	86	coefficient	coefficient	NOUN
ajfa-8356	90	87	of	of	ADP
ajfa-8356	90	88	security	security	NOUN
ajfa-8356	90	89	i	i	PRON
ajfa-8356	90	90	;	;	PUNCT
ajfa-8356	90	91	βi	βi	PROPN
ajfa-8356	90	92	=	=	NOUN
ajfa-8356	90	93	slope	slope	NOUN
ajfa-8356	90	94	of	of	ADP
ajfa-8356	90	95	a	a	DET
ajfa-8356	90	96	straight	straight	ADJ
ajfa-8356	90	97	-	-	PUNCT
ajfa-8356	90	98	line	line	NOUN
ajfa-8356	90	99	or	or	CCONJ
ajfa-8356	90	100	beta	beta	ADJ
ajfa-8356	90	101	coefficient	coefficient	NOUN
ajfa-8356	90	102	of	of	ADP
ajfa-8356	90	103	security	security	NOUN
ajfa-8356	90	104	i	i	PRON
ajfa-8356	90	105	;	;	PUNCT
ajfa-8356	90	106	rm	rm	PROPN
ajfa-8356	90	107	=	=	PUNCT
ajfa-8356	90	108	expected	expect	VERB
ajfa-8356	90	109	return	return	NOUN
ajfa-8356	90	110	on	on	ADP
ajfa-8356	90	111	index	index	NOUN
ajfa-8356	90	112	m	m	NOUN
ajfa-8356	90	113	;	;	PUNCT
ajfa-8356	90	114	ei	ei	X
ajfa-8356	90	115	=	=	NOUN
ajfa-8356	90	116	error	error	NOUN
ajfa-8356	90	117	term	term	NOUN
ajfa-8356	90	118	with	with	ADP
ajfa-8356	90	119	mean	mean	NOUN
ajfa-8356	90	120	zero	zero	NUM
ajfa-8356	90	121	and	and	CCONJ
ajfa-8356	90	122	a	a	DET
ajfa-8356	90	123	standard	standard	ADJ
ajfa-8356	90	124	deviation	deviation	NOUN
ajfa-8356	90	125	which	which	PRON
ajfa-8356	90	126	is	be	AUX
ajfa-8356	90	127	constant	constant	ADJ
ajfa-8356	90	128	.	.	PUNCT
ajfa-8356	91	1	this	this	DET
ajfa-8356	91	2	term	term	NOUN
ajfa-8356	91	3	captures	capture	VERB
ajfa-8356	91	4	the	the	DET
ajfa-8356	91	5	variations	variation	NOUN
ajfa-8356	91	6	in	in	ADP
ajfa-8356	91	7	security	security	NOUN
ajfa-8356	92	1	i	i	PRON
ajfa-8356	92	2	that	that	PRON
ajfa-8356	92	3	are	be	AUX
ajfa-8356	92	4	not	not	PART
ajfa-8356	92	5	captured	capture	VERB
ajfa-8356	92	6	by	by	ADP
ajfa-8356	92	7	the	the	DET
ajfa-8356	92	8	market	market	NOUN
ajfa-8356	92	9	index	index	NOUN
ajfa-8356	92	10	m	m	NOUN
ajfa-8356	92	11	;	;	PUNCT
ajfa-8356	92	12	σm	σm	X
ajfa-8356	92	13	=	=	SYM
ajfa-8356	92	14	standard	standard	ADJ
ajfa-8356	92	15	deviation	deviation	NOUN
ajfa-8356	92	16	of	of	ADP
ajfa-8356	92	17	market	market	NOUN
ajfa-8356	92	18	index	index	NOUN
ajfa-8356	92	19	m	m	PROPN
ajfa-8356	92	20	,	,	PUNCT
ajfa-8356	92	21	σm	σm	ADP
ajfa-8356	92	22	2	2	NUM
ajfa-8356	92	23	=	=	NOUN
ajfa-8356	92	24	variance	variance	NOUN
ajfa-8356	92	25	of	of	ADP
ajfa-8356	92	26	market	market	NOUN
ajfa-8356	92	27	index	index	NOUN
ajfa-8356	92	28	m.	m.	NOUN
ajfa-8356	92	29	beta	beta	NOUN
ajfa-8356	92	30	and	and	CCONJ
ajfa-8356	92	31	alpha	alpha	NOUN
ajfa-8356	92	32	are	be	AUX
ajfa-8356	92	33	calculated	calculate	VERB
ajfa-8356	92	34	by	by	ADP
ajfa-8356	92	35	using	use	VERB
ajfa-8356	92	36	the	the	DET
ajfa-8356	92	37	following	follow	VERB
ajfa-8356	92	38	formulae	formulae	NOUN
ajfa-8356	92	39	:	:	PUNCT
ajfa-8356	92	40	1	1	NUM
ajfa-8356	92	41	1	1	NUM
ajfa-8356	92	42	1	1	NUM
ajfa-8356	92	43	2	2	NUM
ajfa-8356	92	44	2	2	NUM
ajfa-8356	92	45	1	1	NUM
ajfa-8356	92	46	1	1	NUM
ajfa-8356	92	47	n	n	ADP
ajfa-8356	92	48	n	n	CCONJ
ajfa-8356	92	49	n	n	ADV
ajfa-8356	92	50	mit	mit	VERB
ajfa-8356	92	51	it	it	PRON
ajfa-8356	92	52	mit	mit	VERB
ajfa-8356	92	53	it	it	PRON
ajfa-8356	93	1	t	t	NOUN
ajfa-8356	93	2	t	t	PROPN
ajfa-8356	93	3	t	t	PROPN
ajfa-8356	93	4	i	i	PRON
ajfa-8356	93	5	n	n	CCONJ
ajfa-8356	93	6	n	n	CCONJ
ajfa-8356	93	7	mit	mit	PROPN
ajfa-8356	93	8	mit	mit	PROPN
ajfa-8356	93	9	t	t	PROPN
ajfa-8356	93	10	t	t	PROPN
ajfa-8356	93	11	n	n	CCONJ
ajfa-8356	93	12	r	r	NOUN
ajfa-8356	93	13	r	r	NOUN
ajfa-8356	93	14	r	r	NOUN
ajfa-8356	93	15	r	r	NOUN
ajfa-8356	93	16	beta	beta	NOUN
ajfa-8356	93	17	n	n	NOUN
ajfa-8356	93	18	r	r	NOUN
ajfa-8356	93	19	r	r	NOUN
ajfa-8356	93	20	β	β	NOUN
ajfa-8356	93	21	=	=	SYM
ajfa-8356	93	22	=	=	PUNCT
ajfa-8356	93	23	=	=	PUNCT
ajfa-8356	93	24	=	=	PUNCT
ajfa-8356	93	25	=	=	PUNCT
ajfa-8356	94	1	−	−	PROPN
ajfa-8356	95	1	=	=	SYM
ajfa-8356	95	2	=	=	SYM
ajfa-8356	95	3			NOUN
ajfa-8356	95	4	−	−	NOUN
ajfa-8356	95	5			PROPN
ajfa-8356	95	6			PROPN
ajfa-8356	96	1			PROPN
ajfa-8356	96	2			PROPN
ajfa-8356	96	3			X
ajfa-8356	96	4			X
ajfa-8356	96	5			X
ajfa-8356	96	6			X
ajfa-8356	96	7			X
ajfa-8356	96	8	(	(	PUNCT
ajfa-8356	96	9	7	7	NUM
ajfa-8356	96	10	)	)	PUNCT
ajfa-8356	96	11	(	(	PUNCT
ajfa-8356	96	12	)	)	PUNCT
ajfa-8356	97	1	i	i	PRON
ajfa-8356	97	2	it	it	PRON
ajfa-8356	98	1	i	i	PRON
ajfa-8356	98	2	mitalpha	mitalpha	VERB
ajfa-8356	98	3	r	r	NOUN
ajfa-8356	98	4	rα	rα	ADJ
ajfa-8356	98	5	β=	β=	NOUN
ajfa-8356	99	1	=	=	SYM
ajfa-8356	99	2	−	−	PROPN
ajfa-8356	99	3	(	(	PUNCT
ajfa-8356	99	4	8)	8)	NUM
ajfa-8356	99	5	total	total	ADJ
ajfa-8356	99	6	risk	risk	NOUN
ajfa-8356	99	7	of	of	ADP
ajfa-8356	99	8	i	i	PRON
ajfa-8356	99	9	is	be	AUX
ajfa-8356	99	10	:	:	PUNCT
ajfa-8356	99	11	2	2	NUM
ajfa-8356	99	12	2	2	NUM
ajfa-8356	99	13	2	2	NUM
ajfa-8356	99	14	2	2	NUM
ajfa-8356	99	15	ii	ii	NUM
ajfa-8356	100	1	i	i	PRON
ajfa-8356	100	2	m	m	VERB
ajfa-8356	100	3	eσ	eσ	ADP
ajfa-8356	100	4	β	β	X
ajfa-8356	100	5	σ	σ	NUM
ajfa-8356	100	6	σ=	σ=	NOUN
ajfa-8356	100	7	+	+	CCONJ
ajfa-8356	101	1	(	(	PUNCT
ajfa-8356	101	2	9	9	X
ajfa-8356	101	3	)	)	PUNCT
ajfa-8356	101	4	total	total	ADJ
ajfa-8356	101	5	risk	risk	NOUN
ajfa-8356	101	6	=	=	SYM
ajfa-8356	101	7	systematic	systematic	ADJ
ajfa-8356	101	8	risk	risk	NOUN
ajfa-8356	101	9	+	+	CCONJ
ajfa-8356	101	10	unsystematic	unsystematic	ADJ
ajfa-8356	101	11	risk	risk	NOUN
ajfa-8356	101	12	n	n	NOUN
ajfa-8356	101	13	=	=	NOUN
ajfa-8356	101	14	number	number	NOUN
ajfa-8356	101	15	of	of	ADP
ajfa-8356	101	16	pairs	pair	NOUN
ajfa-8356	101	17	of	of	ADP
ajfa-8356	101	18	observations	observation	NOUN
ajfa-8356	101	19	.	.	PUNCT
ajfa-8356	102	1	if	if	SCONJ
ajfa-8356	102	2	capm	capm	PROPN
ajfa-8356	102	3	is	be	AUX
ajfa-8356	102	4	valid	valid	ADJ
ajfa-8356	102	5	,	,	PUNCT
ajfa-8356	102	6	then	then	ADV
ajfa-8356	102	7	the	the	DET
ajfa-8356	102	8	intercept	intercept	NOUN
ajfa-8356	102	9	(	(	PUNCT
ajfa-8356	102	10	αi	αi	NOUN
ajfa-8356	102	11	)	)	PUNCT
ajfa-8356	102	12	will	will	AUX
ajfa-8356	102	13	not	not	PART
ajfa-8356	102	14	be	be	AUX
ajfa-8356	102	15	significantly	significantly	ADV
ajfa-8356	102	16	different	different	ADJ
ajfa-8356	102	17	from	from	ADP
ajfa-8356	102	18	zero	zero	NUM
ajfa-8356	102	19	(	(	PUNCT
ajfa-8356	102	20	as	as	SCONJ
ajfa-8356	102	21	our	our	PRON
ajfa-8356	102	22	dependent	dependent	ADJ
ajfa-8356	102	23	variable	variable	NOUN
ajfa-8356	102	24	is	be	AUX
ajfa-8356	102	25	rp	rp	NOUN
ajfa-8356	102	26	-	-	PUNCT
ajfa-8356	102	27	rf	rf	NOUN
ajfa-8356	102	28	.	.	PUNCT
ajfa-8356	103	1	thus	thus	ADV
ajfa-8356	103	2	a	a	DET
ajfa-8356	103	3	direct	direct	ADJ
ajfa-8356	103	4	test	test	NOUN
ajfa-8356	103	5	of	of	ADP
ajfa-8356	103	6	the	the	DET
ajfa-8356	103	7	capm	capm	PROPN
ajfa-8356	103	8	is	be	AUX
ajfa-8356	103	9	by	by	ADP
ajfa-8356	103	10	estimating	estimate	VERB
ajfa-8356	103	11	equation	equation	NOUN
ajfa-8356	103	12	(	(	PUNCT
ajfa-8356	103	13	5	5	NUM
ajfa-8356	103	14	)	)	PUNCT
ajfa-8356	103	15	for	for	ADP
ajfa-8356	103	16	a	a	DET
ajfa-8356	103	17	portfolio	portfolio	NOUN
ajfa-8356	103	18	and	and	CCONJ
ajfa-8356	103	19	testing	testing	NOUN
ajfa-8356	103	20	to	to	PART
ajfa-8356	103	21	see	see	VERB
ajfa-8356	103	22	if	if	SCONJ
ajfa-8356	103	23	αi	αi	PRON
ajfa-8356	103	24	is	be	AUX
ajfa-8356	103	25	equal	equal	ADJ
ajfa-8356	103	26	to	to	ADP
ajfa-8356	103	27	zero	zero	NUM
ajfa-8356	103	28	.	.	PUNCT
ajfa-8356	104	1	the	the	DET
ajfa-8356	104	2	capm	capm	PROPN
ajfa-8356	104	3	assumes	assume	VERB
ajfa-8356	104	4	that	that	SCONJ
ajfa-8356	104	5	there	there	PRON
ajfa-8356	104	6	is	be	VERB
ajfa-8356	104	7	a	a	DET
ajfa-8356	104	8	direct	direct	ADJ
ajfa-8356	104	9	relationship	relationship	NOUN
ajfa-8356	104	10	between	between	ADP
ajfa-8356	104	11	the	the	DET
ajfa-8356	104	12	security	security	NOUN
ajfa-8356	104	13	returns	return	NOUN
ajfa-8356	104	14	and	and	CCONJ
ajfa-8356	104	15	their	their	PRON
ajfa-8356	104	16	beta	beta	NOUN
ajfa-8356	104	17	.	.	PUNCT
ajfa-8356	105	1	asian	asian	ADJ
ajfa-8356	105	2	journal	journal	PROPN
ajfa-8356	105	3	of	of	ADP
ajfa-8356	105	4	finance	finance	PROPN
ajfa-8356	105	5	&	&	CCONJ
ajfa-8356	105	6	accounting	accounting	PROPN
ajfa-8356	105	7	issn	issn	PROPN
ajfa-8356	105	8	1946	1946	NUM
ajfa-8356	105	9	-	-	PUNCT
ajfa-8356	105	10	052x	052x	NOUN
ajfa-8356	105	11	2015	2015	NUM
ajfa-8356	105	12	,	,	PUNCT
ajfa-8356	105	13	vol	vol	NOUN
ajfa-8356	105	14	.	.	PROPN
ajfa-8356	105	15	7	7	NUM
ajfa-8356	105	16	,	,	PUNCT
ajfa-8356	105	17	no	no	INTJ
ajfa-8356	105	18	.	.	NOUN
ajfa-8356	105	19	2	2	NUM
ajfa-8356	105	20	112	112	NUM
ajfa-8356	105	21	5.2	5.2	NUM
ajfa-8356	105	22	steps	step	NOUN
ajfa-8356	105	23	to	to	PART
ajfa-8356	105	24	calculate	calculate	VERB
ajfa-8356	105	25	regression	regression	NOUN
ajfa-8356	105	26	of	of	ADP
ajfa-8356	105	27	portfolio	portfolio	NOUN
ajfa-8356	105	28	5.2.1	5.2.1	NUM
ajfa-8356	105	29	regression	regression	NOUN
ajfa-8356	105	30	using	use	VERB
ajfa-8356	105	31	size	size	NOUN
ajfa-8356	105	32	(	(	PUNCT
ajfa-8356	105	33	year	year	NOUN
ajfa-8356	105	34	t-1	t-1	PROPN
ajfa-8356	105	35	)	)	PUNCT
ajfa-8356	105	36	the	the	DET
ajfa-8356	105	37	methodology	methodology	NOUN
ajfa-8356	105	38	used	use	VERB
ajfa-8356	105	39	by	by	ADP
ajfa-8356	105	40	(	(	PUNCT
ajfa-8356	105	41	fama	fama	PROPN
ajfa-8356	105	42	and	and	CCONJ
ajfa-8356	105	43	french	french	ADJ
ajfa-8356	105	44	,	,	PUNCT
ajfa-8356	105	45	1992	1992	NUM
ajfa-8356	105	46	;	;	PUNCT
ajfa-8356	105	47	mohanty	mohanty	PROPN
ajfa-8356	105	48	,	,	PUNCT
ajfa-8356	105	49	2002	2002	NUM
ajfa-8356	105	50	;	;	PUNCT
ajfa-8356	105	51	connon	connon	NOUN
ajfa-8356	105	52	and	and	CCONJ
ajfa-8356	105	53	sehgal	sehgal	PROPN
ajfa-8356	105	54	,	,	PUNCT
ajfa-8356	105	55	2003	2003	NUM
ajfa-8356	105	56	)	)	PUNCT
ajfa-8356	105	57	has	have	AUX
ajfa-8356	105	58	been	be	AUX
ajfa-8356	105	59	used	use	VERB
ajfa-8356	105	60	in	in	ADP
ajfa-8356	105	61	this	this	DET
ajfa-8356	105	62	study	study	NOUN
ajfa-8356	105	63	.	.	PUNCT
ajfa-8356	106	1	using	use	VERB
ajfa-8356	106	2	size	size	NOUN
ajfa-8356	106	3	as	as	ADP
ajfa-8356	106	4	independent	independent	ADJ
ajfa-8356	106	5	variable	variable	NOUN
ajfa-8356	106	6	and	and	CCONJ
ajfa-8356	106	7	the	the	DET
ajfa-8356	106	8	difference	difference	NOUN
ajfa-8356	106	9	between	between	ADP
ajfa-8356	106	10	the	the	DET
ajfa-8356	106	11	individual	individual	ADJ
ajfa-8356	106	12	portfolio	portfolio	NOUN
ajfa-8356	106	13	returns	return	NOUN
ajfa-8356	106	14	and	and	CCONJ
ajfa-8356	106	15	the	the	DET
ajfa-8356	106	16	risk	risk	NOUN
ajfa-8356	106	17	-	-	PUNCT
ajfa-8356	106	18	free	free	ADJ
ajfa-8356	106	19	rate	rate	NOUN
ajfa-8356	106	20	of	of	ADP
ajfa-8356	106	21	returns	return	NOUN
ajfa-8356	106	22	(	(	PUNCT
ajfa-8356	106	23	rp	rp	NOUN
ajfa-8356	106	24	-	-	PUNCT
ajfa-8356	106	25	rf	rf	NOUN
ajfa-8356	106	26	)	)	PUNCT
ajfa-8356	106	27	as	as	ADP
ajfa-8356	106	28	the	the	DET
ajfa-8356	106	29	dependent	dependent	ADJ
ajfa-8356	106	30	variable	variable	NOUN
ajfa-8356	106	31	,	,	PUNCT
ajfa-8356	106	32	a	a	DET
ajfa-8356	106	33	regression	regression	NOUN
ajfa-8356	106	34	is	be	AUX
ajfa-8356	106	35	run	run	VERB
ajfa-8356	106	36	for	for	ADP
ajfa-8356	106	37	the	the	DET
ajfa-8356	106	38	following	following	NOUN
ajfa-8356	106	39	:	:	PUNCT
ajfa-8356	106	40	(	(	PUNCT
ajfa-8356	106	41	)	)	PUNCT
ajfa-8356	106	42	112	112	NUM
ajfa-8356	106	43	p	p	NOUN
ajfa-8356	106	44	ttp	ttp	PROPN
ajfa-8356	107	1	f	f	NOUN
ajfa-8356	107	2	me	i	PRON
ajfa-8356	107	3	pr	pr	INTJ
ajfa-8356	107	4	r	r	NOUN
ajfa-8356	107	5	r	r	NOUN
ajfa-8356	107	6	eα	eα	PROPN
ajfa-8356	107	7	β	β	X
ajfa-8356	107	8	−−	−−	NOUN
ajfa-8356	107	9	−	−	PROPN
ajfa-8356	108	1	=	=	PUNCT
ajfa-8356	109	1	+	+	PUNCT
ajfa-8356	109	2	+	+	CCONJ
ajfa-8356	109	3	(	(	PUNCT
ajfa-8356	109	4	10	10	NUM
ajfa-8356	109	5	)	)	PUNCT
ajfa-8356	109	6	if	if	SCONJ
ajfa-8356	109	7	the	the	DET
ajfa-8356	109	8	factors	factor	NOUN
ajfa-8356	109	9	model	model	NOUN
ajfa-8356	109	10	holds	hold	VERB
ajfa-8356	109	11	true	true	ADJ
ajfa-8356	109	12	then	then	ADV
ajfa-8356	109	13	we	we	PRON
ajfa-8356	109	14	expect	expect	VERB
ajfa-8356	109	15	αo	αo	PRON
ajfa-8356	109	16	to	to	PART
ajfa-8356	109	17	be	be	AUX
ajfa-8356	109	18	closer	close	ADJ
ajfa-8356	109	19	to	to	ADP
ajfa-8356	109	20	zero	zero	NUM
ajfa-8356	109	21	and	and	CCONJ
ajfa-8356	109	22	size	size	NOUN
ajfa-8356	109	23	to	to	PART
ajfa-8356	109	24	capture	capture	VERB
ajfa-8356	109	25	the	the	DET
ajfa-8356	109	26	cross	cross	ADJ
ajfa-8356	109	27	-	-	ADJ
ajfa-8356	109	28	sectional	sectional	ADJ
ajfa-8356	109	29	variation	variation	NOUN
ajfa-8356	109	30	in	in	ADP
ajfa-8356	109	31	average	average	ADJ
ajfa-8356	109	32	security	security	NOUN
ajfa-8356	109	33	returns	return	NOUN
ajfa-8356	109	34	.	.	PUNCT
ajfa-8356	110	1	5.2.2	5.2.2	NUM
ajfa-8356	110	2	regression	regression	NOUN
ajfa-8356	110	3	using	use	VERB
ajfa-8356	110	4	lnbe	lnbe	PROPN
ajfa-8356	110	5	/	/	SYM
ajfa-8356	110	6	me	i	PRON
ajfa-8356	110	7	(	(	PUNCT
ajfa-8356	110	8	year	year	PROPN
ajfa-8356	110	9	t-1	t-1	PROPN
ajfa-8356	110	10	)	)	PUNCT
ajfa-8356	111	1	the	the	DET
ajfa-8356	111	2	methodology	methodology	NOUN
ajfa-8356	111	3	used	use	VERB
ajfa-8356	111	4	by	by	ADP
ajfa-8356	111	5	(	(	PUNCT
ajfa-8356	111	6	fama	fama	PROPN
ajfa-8356	111	7	and	and	CCONJ
ajfa-8356	111	8	french	french	ADJ
ajfa-8356	111	9	,	,	PUNCT
ajfa-8356	111	10	1992	1992	NUM
ajfa-8356	111	11	;	;	PUNCT
ajfa-8356	111	12	connon	connon	NOUN
ajfa-8356	111	13	and	and	CCONJ
ajfa-8356	111	14	sehgal	sehgal	PROPN
ajfa-8356	111	15	,	,	PUNCT
ajfa-8356	111	16	2003	2003	NUM
ajfa-8356	111	17	)	)	PUNCT
ajfa-8356	111	18	has	have	AUX
ajfa-8356	111	19	been	be	AUX
ajfa-8356	111	20	used	use	VERB
ajfa-8356	111	21	in	in	ADP
ajfa-8356	111	22	this	this	DET
ajfa-8356	111	23	study	study	NOUN
ajfa-8356	111	24	.	.	PUNCT
ajfa-8356	112	1	using	use	VERB
ajfa-8356	112	2	be	be	AUX
ajfa-8356	112	3	/	/	SYM
ajfa-8356	112	4	me	i	PRON
ajfa-8356	112	5	as	as	ADP
ajfa-8356	112	6	independent	independent	ADJ
ajfa-8356	112	7	variable	variable	NOUN
ajfa-8356	112	8	and	and	CCONJ
ajfa-8356	112	9	rp	rp	NOUN
ajfa-8356	112	10	-	-	PUNCT
ajfa-8356	112	11	rf	rf	NOUN
ajfa-8356	112	12	as	as	ADP
ajfa-8356	112	13	the	the	DET
ajfa-8356	112	14	dependent	dependent	ADJ
ajfa-8356	112	15	variable	variable	NOUN
ajfa-8356	112	16	,	,	PUNCT
ajfa-8356	112	17	a	a	DET
ajfa-8356	112	18	regression	regression	NOUN
ajfa-8356	112	19	is	be	AUX
ajfa-8356	112	20	run	run	VERB
ajfa-8356	112	21	for	for	ADP
ajfa-8356	112	22	the	the	DET
ajfa-8356	112	23	following	following	NOUN
ajfa-8356	112	24	:	:	PUNCT
ajfa-8356	112	25	5.2.3	5.2.3	NUM
ajfa-8356	112	26	regression	regression	NOUN
ajfa-8356	112	27	using	use	VERB
ajfa-8356	112	28	eps	eps	NOUN
ajfa-8356	112	29	/	/	SYM
ajfa-8356	112	30	price	price	NOUN
ajfa-8356	112	31	(	(	PUNCT
ajfa-8356	112	32	year	year	NOUN
ajfa-8356	112	33	t-1	t-1	PROPN
ajfa-8356	112	34	)	)	PUNCT
ajfa-8356	112	35	(	(	PUNCT
ajfa-8356	112	36	)	)	PUNCT
ajfa-8356	112	37	1	1	NUM
ajfa-8356	112	38	1	1	NUM
ajfa-8356	112	39	3	3	NUM
ajfa-8356	112	40	t	t	NOUN
ajfa-8356	112	41	pt	pt	NOUN
ajfa-8356	112	42	p	p	X
ajfa-8356	112	43	f	f	PROPN
ajfa-8356	112	44	pbe	pbe	PROPN
ajfa-8356	112	45	me	i	PRON
ajfa-8356	112	46	r	r	NOUN
ajfa-8356	112	47	r	r	NOUN
ajfa-8356	112	48	r	r	NOUN
ajfa-8356	112	49	eα	eα	NOUN
ajfa-8356	112	50	β	β	NOUN
ajfa-8356	112	51	−	−	PROPN
ajfa-8356	112	52	−	−	PROPN
ajfa-8356	113	1			NOUN
ajfa-8356	113	2			PROPN
ajfa-8356	113	3			PROPN
ajfa-8356	113	4			PROPN
ajfa-8356	114	1			PROPN
ajfa-8356	114	2			NOUN
ajfa-8356	114	3	−	−	NOUN
ajfa-8356	115	1	=	=	SYM
ajfa-8356	116	1	+	+	PUNCT
ajfa-8356	116	2	+	+	CCONJ
ajfa-8356	116	3	(	(	PUNCT
ajfa-8356	116	4	11	11	NUM
ajfa-8356	116	5	)	)	PUNCT
ajfa-8356	116	6	if	if	SCONJ
ajfa-8356	116	7	the	the	DET
ajfa-8356	116	8	factors	factor	NOUN
ajfa-8356	116	9	model	model	NOUN
ajfa-8356	116	10	holds	hold	VERB
ajfa-8356	116	11	true	true	ADJ
ajfa-8356	116	12	,	,	PUNCT
ajfa-8356	116	13	we	we	PRON
ajfa-8356	116	14	expect	expect	VERB
ajfa-8356	116	15	αo	αo	PRON
ajfa-8356	116	16	to	to	PART
ajfa-8356	116	17	be	be	AUX
ajfa-8356	116	18	closer	close	ADJ
ajfa-8356	116	19	to	to	ADP
ajfa-8356	116	20	zero	zero	NUM
ajfa-8356	116	21	and	and	CCONJ
ajfa-8356	116	22	book	book	NOUN
ajfa-8356	116	23	-	-	PUNCT
ajfa-8356	116	24	to	to	ADP
ajfa-8356	116	25	-	-	PUNCT
ajfa-8356	116	26	market	market	NOUN
ajfa-8356	116	27	equity	equity	NOUN
ajfa-8356	116	28	to	to	PART
ajfa-8356	116	29	capture	capture	VERB
ajfa-8356	116	30	the	the	DET
ajfa-8356	116	31	cross	cross	ADJ
ajfa-8356	116	32	-	-	ADJ
ajfa-8356	116	33	sectional	sectional	ADJ
ajfa-8356	116	34	variation	variation	NOUN
ajfa-8356	116	35	in	in	ADP
ajfa-8356	116	36	portfolio	portfolio	NOUN
ajfa-8356	116	37	returns	return	NOUN
ajfa-8356	116	38	.	.	PUNCT
ajfa-8356	117	1	the	the	DET
ajfa-8356	117	2	methodology	methodology	NOUN
ajfa-8356	117	3	used	use	VERB
ajfa-8356	117	4	by	by	ADP
ajfa-8356	117	5	(	(	PUNCT
ajfa-8356	117	6	fama	fama	PROPN
ajfa-8356	117	7	and	and	CCONJ
ajfa-8356	117	8	french	french	ADJ
ajfa-8356	117	9	,	,	PUNCT
ajfa-8356	117	10	1992	1992	NUM
ajfa-8356	117	11	;	;	PUNCT
ajfa-8356	117	12	mohanty	mohanty	PROPN
ajfa-8356	117	13	,	,	PUNCT
ajfa-8356	117	14	2002	2002	NUM
ajfa-8356	117	15	)	)	PUNCT
ajfa-8356	117	16	has	have	AUX
ajfa-8356	117	17	been	be	AUX
ajfa-8356	117	18	used	use	VERB
ajfa-8356	117	19	in	in	ADP
ajfa-8356	117	20	this	this	DET
ajfa-8356	117	21	study	study	NOUN
ajfa-8356	117	22	.	.	PUNCT
ajfa-8356	118	1	using	use	VERB
ajfa-8356	118	2	price	price	NOUN
ajfa-8356	118	3	earning	earning	NOUN
ajfa-8356	118	4	as	as	ADP
ajfa-8356	118	5	an	an	DET
ajfa-8356	118	6	independent	independent	ADJ
ajfa-8356	118	7	variable	variable	NOUN
ajfa-8356	118	8	and	and	CCONJ
ajfa-8356	118	9	rp	rp	NOUN
ajfa-8356	118	10	-	-	PUNCT
ajfa-8356	118	11	rf	rf	NOUN
ajfa-8356	118	12	as	as	ADP
ajfa-8356	118	13	the	the	DET
ajfa-8356	118	14	dependent	dependent	ADJ
ajfa-8356	118	15	variable	variable	NOUN
ajfa-8356	118	16	,	,	PUNCT
ajfa-8356	118	17	a	a	DET
ajfa-8356	118	18	regression	regression	NOUN
ajfa-8356	118	19	is	be	AUX
ajfa-8356	118	20	run	run	VERB
ajfa-8356	118	21	for	for	ADP
ajfa-8356	118	22	the	the	DET
ajfa-8356	118	23	following	following	NOUN
ajfa-8356	118	24	:	:	PUNCT
ajfa-8356	118	25	(	(	PUNCT
ajfa-8356	118	26	)	)	PUNCT
ajfa-8356	118	27	1	1	NUM
ajfa-8356	118	28	1	1	NUM
ajfa-8356	118	29	4	4	NUM
ajfa-8356	118	30	t	t	NOUN
ajfa-8356	118	31	pt	pt	NOUN
ajfa-8356	118	32	p	p	X
ajfa-8356	118	33	f	f	X
ajfa-8356	119	1	pe	pe	INTJ
ajfa-8356	119	2	p	p	NOUN
ajfa-8356	119	3	r	r	NOUN
ajfa-8356	119	4	r	r	NOUN
ajfa-8356	119	5	r	r	NOUN
ajfa-8356	119	6	eα	eα	NOUN
ajfa-8356	119	7	β	β	NOUN
ajfa-8356	119	8	−	−	PROPN
ajfa-8356	119	9	−	−	PROPN
ajfa-8356	120	1			NOUN
ajfa-8356	120	2			PROPN
ajfa-8356	120	3			PROPN
ajfa-8356	120	4			PROPN
ajfa-8356	121	1			PROPN
ajfa-8356	121	2			NOUN
ajfa-8356	121	3	−	−	NOUN
ajfa-8356	122	1	=	=	SYM
ajfa-8356	123	1	+	+	PUNCT
ajfa-8356	123	2	+	+	CCONJ
ajfa-8356	123	3	(	(	PUNCT
ajfa-8356	123	4	12	12	NUM
ajfa-8356	123	5	)	)	PUNCT
ajfa-8356	123	6	if	if	SCONJ
ajfa-8356	123	7	the	the	DET
ajfa-8356	123	8	factors	factor	NOUN
ajfa-8356	123	9	model	model	NOUN
ajfa-8356	123	10	holds	hold	VERB
ajfa-8356	123	11	true	true	ADJ
ajfa-8356	123	12	then	then	ADV
ajfa-8356	123	13	we	we	PRON
ajfa-8356	123	14	expect	expect	VERB
ajfa-8356	123	15	αo	αo	PRON
ajfa-8356	123	16	to	to	PART
ajfa-8356	123	17	be	be	AUX
ajfa-8356	123	18	closer	close	ADJ
ajfa-8356	123	19	to	to	ADP
ajfa-8356	123	20	zero	zero	NUM
ajfa-8356	123	21	and	and	CCONJ
ajfa-8356	123	22	price	price	NOUN
ajfa-8356	123	23	earning	earn	VERB
ajfa-8356	123	24	to	to	PART
ajfa-8356	123	25	capture	capture	VERB
ajfa-8356	123	26	the	the	DET
ajfa-8356	123	27	cross	cross	ADJ
ajfa-8356	123	28	-	-	ADJ
ajfa-8356	123	29	sectional	sectional	ADJ
ajfa-8356	123	30	variation	variation	NOUN
ajfa-8356	123	31	in	in	ADP
ajfa-8356	123	32	portfolio	portfolio	NOUN
ajfa-8356	123	33	returns	return	NOUN
ajfa-8356	123	34	.	.	PUNCT
ajfa-8356	124	1	5.2.4	5.2.4	NUM
ajfa-8356	124	2	regression	regression	NOUN
ajfa-8356	124	3	using	use	VERB
ajfa-8356	124	4	rm	rm	NOUN
ajfa-8356	124	5	-	-	PUNCT
ajfa-8356	124	6	rf	rf	PROPN
ajfa-8356	124	7	(	(	PUNCT
ajfa-8356	124	8	year	year	NOUN
ajfa-8356	124	9	t-1	t-1	PROPN
ajfa-8356	124	10	)	)	PUNCT
ajfa-8356	124	11	the	the	DET
ajfa-8356	124	12	methodology	methodology	NOUN
ajfa-8356	124	13	of	of	ADP
ajfa-8356	124	14	fama	fama	NOUN
ajfa-8356	124	15	and	and	CCONJ
ajfa-8356	124	16	french	french	ADJ
ajfa-8356	124	17	(	(	PUNCT
ajfa-8356	124	18	1992	1992	NUM
ajfa-8356	124	19	)	)	PUNCT
ajfa-8356	124	20	has	have	AUX
ajfa-8356	124	21	been	be	AUX
ajfa-8356	124	22	used	use	VERB
ajfa-8356	124	23	.	.	PUNCT
ajfa-8356	125	1	using	use	VERB
ajfa-8356	125	2	excess	excess	ADJ
ajfa-8356	125	3	market	market	NOUN
ajfa-8356	125	4	returns	return	NOUN
ajfa-8356	125	5	over	over	ADP
ajfa-8356	125	6	the	the	DET
ajfa-8356	125	7	risk	risk	NOUN
ajfa-8356	125	8	free	free	ADJ
ajfa-8356	125	9	rate	rate	NOUN
ajfa-8356	125	10	of	of	ADP
ajfa-8356	125	11	return	return	NOUN
ajfa-8356	125	12	(	(	PUNCT
ajfa-8356	125	13	rm	rm	NOUN
ajfa-8356	125	14	-	-	PUNCT
ajfa-8356	125	15	rf	rf	NOUN
ajfa-8356	125	16	)	)	PUNCT
ajfa-8356	125	17	as	as	ADP
ajfa-8356	125	18	independent	independent	ADJ
ajfa-8356	125	19	variable	variable	NOUN
ajfa-8356	125	20	and	and	CCONJ
ajfa-8356	125	21	rp	rp	NOUN
ajfa-8356	125	22	-	-	PUNCT
ajfa-8356	125	23	rf	rf	NOUN
ajfa-8356	125	24	as	as	ADP
ajfa-8356	125	25	the	the	DET
ajfa-8356	125	26	dependent	dependent	ADJ
ajfa-8356	125	27	variable	variable	NOUN
ajfa-8356	125	28	,	,	PUNCT
ajfa-8356	125	29	a	a	DET
ajfa-8356	125	30	regression	regression	NOUN
ajfa-8356	125	31	is	be	AUX
ajfa-8356	125	32	applied	apply	VERB
ajfa-8356	125	33	for	for	ADP
ajfa-8356	125	34	the	the	DET
ajfa-8356	125	35	following	following	NOUN
ajfa-8356	125	36	:	:	PUNCT
ajfa-8356	125	37	(	(	PUNCT
ajfa-8356	125	38	)	)	PUNCT
ajfa-8356	125	39	(	(	PUNCT
ajfa-8356	125	40	)	)	PUNCT
ajfa-8356	125	41	1	1	NUM
ajfa-8356	125	42	1	1	NUM
ajfa-8356	125	43	5	5	NUM
ajfa-8356	125	44	ptm	ptm	PROPN
ajfa-8356	125	45	f	f	PROPN
ajfa-8356	125	46	pt	pt	PROPN
ajfa-8356	126	1	p	p	X
ajfa-8356	126	2	f	f	NOUN
ajfa-8356	126	3	r	r	NOUN
ajfa-8356	126	4	r	r	NOUN
ajfa-8356	126	5	r	r	NOUN
ajfa-8356	126	6	r	r	NOUN
ajfa-8356	126	7	r	r	NOUN
ajfa-8356	126	8	eα	eα	NOUN
ajfa-8356	126	9	β	β	NOUN
ajfa-8356	126	10	−	−	PROPN
ajfa-8356	126	11	−	−	PROPN
ajfa-8356	127	1	−	−	NOUN
ajfa-8356	127	2	−	−	PROPN
ajfa-8356	128	1	=	=	SYM
ajfa-8356	129	1	+	+	PUNCT
ajfa-8356	129	2	+	+	CCONJ
ajfa-8356	129	3	(	(	PUNCT
ajfa-8356	129	4	13	13	NUM
ajfa-8356	129	5	)	)	PUNCT
ajfa-8356	129	6	asian	asian	ADJ
ajfa-8356	129	7	journal	journal	NOUN
ajfa-8356	129	8	of	of	ADP
ajfa-8356	129	9	finance	finance	PROPN
ajfa-8356	129	10	&	&	CCONJ
ajfa-8356	129	11	accounting	accounting	PROPN
ajfa-8356	129	12	issn	issn	PROPN
ajfa-8356	129	13	1946	1946	NUM
ajfa-8356	129	14	-	-	PUNCT
ajfa-8356	129	15	052x	052x	NOUN
ajfa-8356	129	16	2015	2015	NUM
ajfa-8356	129	17	,	,	PUNCT
ajfa-8356	129	18	vol	vol	NOUN
ajfa-8356	129	19	.	.	PROPN
ajfa-8356	129	20	7	7	NUM
ajfa-8356	129	21	,	,	PUNCT
ajfa-8356	129	22	no	no	INTJ
ajfa-8356	129	23	.	.	NOUN
ajfa-8356	129	24	2	2	NUM
ajfa-8356	129	25	113	113	NUM
ajfa-8356	129	26	if	if	SCONJ
ajfa-8356	129	27	the	the	DET
ajfa-8356	129	28	factors	factor	NOUN
ajfa-8356	129	29	model	model	NOUN
ajfa-8356	129	30	holds	hold	VERB
ajfa-8356	129	31	true	true	ADJ
ajfa-8356	129	32	then	then	ADV
ajfa-8356	129	33	we	we	PRON
ajfa-8356	129	34	expect	expect	VERB
ajfa-8356	129	35	αo	αo	PRON
ajfa-8356	129	36	to	to	PART
ajfa-8356	129	37	be	be	AUX
ajfa-8356	129	38	closer	close	ADJ
ajfa-8356	129	39	to	to	ADP
ajfa-8356	129	40	zero	zero	NUM
ajfa-8356	129	41	and	and	CCONJ
ajfa-8356	129	42	rm	rm	NOUN
ajfa-8356	129	43	-	-	PUNCT
ajfa-8356	129	44	rf	rf	NOUN
ajfa-8356	129	45	to	to	PART
ajfa-8356	129	46	capture	capture	VERB
ajfa-8356	129	47	the	the	DET
ajfa-8356	129	48	cross	cross	ADJ
ajfa-8356	129	49	-	-	ADJ
ajfa-8356	129	50	sectional	sectional	ADJ
ajfa-8356	129	51	variation	variation	NOUN
ajfa-8356	129	52	in	in	ADP
ajfa-8356	129	53	portfolio	portfolio	NOUN
ajfa-8356	129	54	returns	return	NOUN
ajfa-8356	129	55	.	.	PUNCT
ajfa-8356	130	1	5.2.5	5.2.5	NUM
ajfa-8356	130	2	multiple	multiple	ADJ
ajfa-8356	130	3	regression	regression	NOUN
ajfa-8356	130	4	using	use	VERB
ajfa-8356	130	5	bp	bp	PROPN
ajfa-8356	130	6	,	,	PUNCT
ajfa-8356	130	7	and	and	CCONJ
ajfa-8356	130	8	size	size	NOUN
ajfa-8356	130	9	(	(	PUNCT
ajfa-8356	130	10	year	year	NOUN
ajfa-8356	130	11	t-1	t-1	PROPN
ajfa-8356	130	12	)	)	PUNCT
ajfa-8356	130	13	the	the	DET
ajfa-8356	130	14	methodology	methodology	NOUN
ajfa-8356	130	15	used	use	VERB
ajfa-8356	130	16	by	by	ADP
ajfa-8356	130	17	(	(	PUNCT
ajfa-8356	130	18	banz	banz	PROPN
ajfa-8356	130	19	,	,	PUNCT
ajfa-8356	130	20	1981	1981	NUM
ajfa-8356	130	21	;	;	PUNCT
ajfa-8356	130	22	fama	fama	PROPN
ajfa-8356	130	23	and	and	CCONJ
ajfa-8356	130	24	french	french	ADJ
ajfa-8356	130	25	,	,	PUNCT
ajfa-8356	130	26	1992	1992	NUM
ajfa-8356	130	27	;	;	PUNCT
ajfa-8356	130	28	connon	connon	NOUN
ajfa-8356	130	29	and	and	CCONJ
ajfa-8356	130	30	sehgal	sehgal	PROPN
ajfa-8356	130	31	,	,	PUNCT
ajfa-8356	130	32	2003	2003	NUM
ajfa-8356	130	33	)	)	PUNCT
ajfa-8356	130	34	has	have	AUX
ajfa-8356	130	35	been	be	AUX
ajfa-8356	130	36	used	use	VERB
ajfa-8356	130	37	.	.	PUNCT
ajfa-8356	131	1	using	use	VERB
ajfa-8356	131	2	portfolio	portfolio	NOUN
ajfa-8356	131	3	betas	beta	NOUN
ajfa-8356	131	4	(	(	PUNCT
ajfa-8356	131	5	phase	phase	NOUN
ajfa-8356	131	6	i	i	PRON
ajfa-8356	131	7	multiple	multiple	ADJ
ajfa-8356	131	8	regression	regression	NOUN
ajfa-8356	131	9	in	in	ADP
ajfa-8356	131	10	standard	standard	ADJ
ajfa-8356	131	11	form	form	NOUN
ajfa-8356	131	12	of	of	ADP
ajfa-8356	131	13	capm	capm	NOUN
ajfa-8356	131	14	)	)	PUNCT
ajfa-8356	131	15	and	and	CCONJ
ajfa-8356	131	16	size	size	NOUN
ajfa-8356	131	17	as	as	ADP
ajfa-8356	131	18	independent	independent	ADJ
ajfa-8356	131	19	variables	variable	NOUN
ajfa-8356	131	20	and	and	CCONJ
ajfa-8356	131	21	rp	rp	NOUN
ajfa-8356	131	22	-	-	PUNCT
ajfa-8356	131	23	rf	rf	NOUN
ajfa-8356	131	24	as	as	ADP
ajfa-8356	131	25	the	the	DET
ajfa-8356	131	26	dependent	dependent	ADJ
ajfa-8356	131	27	variable	variable	NOUN
ajfa-8356	131	28	,	,	PUNCT
ajfa-8356	131	29	a	a	DET
ajfa-8356	131	30	multiple	multiple	ADJ
ajfa-8356	131	31	regression	regression	NOUN
ajfa-8356	131	32	is	be	AUX
ajfa-8356	131	33	applied	apply	VERB
ajfa-8356	131	34	for	for	ADP
ajfa-8356	131	35	the	the	DET
ajfa-8356	131	36	following	following	NOUN
ajfa-8356	131	37	:	:	PUNCT
ajfa-8356	131	38	(	(	PUNCT
ajfa-8356	131	39	)	)	PUNCT
ajfa-8356	131	40	111	111	NUM
ajfa-8356	131	41	2	2	NUM
ajfa-8356	131	42	ttp	ttp	NOUN
ajfa-8356	132	1	f	f	NOUN
ajfa-8356	132	2	p	p	X
ajfa-8356	132	3	me	i	PRON
ajfa-8356	132	4	p	p	NOUN
ajfa-8356	132	5	pr	pr	NOUN
ajfa-8356	132	6	r	r	NOUN
ajfa-8356	132	7	r	r	NOUN
ajfa-8356	132	8	eα	eα	NOUN
ajfa-8356	132	9	β	β	NOUN
ajfa-8356	132	10	β	β	X
ajfa-8356	132	11	β	β	X
ajfa-8356	132	12	−−	−−	NOUN
ajfa-8356	132	13	−	−	PROPN
ajfa-8356	132	14	=	=	PUNCT
ajfa-8356	133	1	+	+	PUNCT
ajfa-8356	133	2	+	+	PUNCT
ajfa-8356	133	3	+	+	CCONJ
ajfa-8356	133	4	(	(	PUNCT
ajfa-8356	133	5	14	14	NUM
ajfa-8356	133	6	)	)	PUNCT
ajfa-8356	133	7	if	if	SCONJ
ajfa-8356	133	8	the	the	DET
ajfa-8356	133	9	factors	factor	NOUN
ajfa-8356	133	10	model	model	NOUN
ajfa-8356	133	11	holds	hold	VERB
ajfa-8356	133	12	true	true	ADJ
ajfa-8356	133	13	then	then	ADV
ajfa-8356	133	14	we	we	PRON
ajfa-8356	133	15	expect	expect	VERB
ajfa-8356	133	16	αo	αo	PRON
ajfa-8356	133	17	to	to	PART
ajfa-8356	133	18	be	be	AUX
ajfa-8356	133	19	closer	close	ADJ
ajfa-8356	133	20	to	to	ADP
ajfa-8356	133	21	zero	zero	NUM
ajfa-8356	133	22	and	and	CCONJ
ajfa-8356	133	23	two	two	NUM
ajfa-8356	133	24	variables	variable	NOUN
ajfa-8356	133	25	,	,	PUNCT
ajfa-8356	133	26	size	size	NOUN
ajfa-8356	133	27	and	and	CCONJ
ajfa-8356	133	28	beta	beta	NOUN
ajfa-8356	133	29	,	,	PUNCT
ajfa-8356	133	30	combine	combine	VERB
ajfa-8356	133	31	to	to	PART
ajfa-8356	133	32	capture	capture	VERB
ajfa-8356	133	33	the	the	DET
ajfa-8356	133	34	cross	cross	ADJ
ajfa-8356	133	35	-	-	ADJ
ajfa-8356	133	36	sectional	sectional	ADJ
ajfa-8356	133	37	variation	variation	NOUN
ajfa-8356	133	38	in	in	ADP
ajfa-8356	133	39	portfolio	portfolio	NOUN
ajfa-8356	133	40	returns	return	NOUN
ajfa-8356	133	41	.	.	PUNCT
ajfa-8356	134	1	5.2.6	5.2.6	NUM
ajfa-8356	134	2	multiple	multiple	ADJ
ajfa-8356	134	3	regression	regression	NOUN
ajfa-8356	134	4	using	use	VERB
ajfa-8356	134	5	bp	bp	PROPN
ajfa-8356	134	6	,	,	PUNCT
ajfa-8356	134	7	and	and	CCONJ
ajfa-8356	134	8	be	be	AUX
ajfa-8356	134	9	/	/	SYM
ajfa-8356	134	10	me	i	PRON
ajfa-8356	134	11	(	(	PUNCT
ajfa-8356	134	12	year	year	NOUN
ajfa-8356	134	13	t-1	t-1	PROPN
ajfa-8356	134	14	)	)	PUNCT
ajfa-8356	134	15	the	the	DET
ajfa-8356	134	16	methodology	methodology	NOUN
ajfa-8356	134	17	of	of	ADP
ajfa-8356	134	18	fama	fama	NOUN
ajfa-8356	134	19	and	and	CCONJ
ajfa-8356	134	20	french	french	ADJ
ajfa-8356	134	21	(	(	PUNCT
ajfa-8356	134	22	1992	1992	NUM
ajfa-8356	134	23	)	)	PUNCT
ajfa-8356	134	24	has	have	AUX
ajfa-8356	134	25	been	be	AUX
ajfa-8356	134	26	used	use	VERB
ajfa-8356	134	27	.	.	PUNCT
ajfa-8356	135	1	using	use	VERB
ajfa-8356	135	2	portfolio	portfolio	NOUN
ajfa-8356	135	3	betas	beta	NOUN
ajfa-8356	135	4	and	and	CCONJ
ajfa-8356	135	5	be	be	AUX
ajfa-8356	135	6	/	/	SYM
ajfa-8356	135	7	me	i	PRON
ajfa-8356	135	8	as	as	ADP
ajfa-8356	135	9	independent	independent	ADJ
ajfa-8356	135	10	variables	variable	NOUN
ajfa-8356	135	11	and	and	CCONJ
ajfa-8356	135	12	rp	rp	NOUN
ajfa-8356	135	13	-	-	PUNCT
ajfa-8356	135	14	rf	rf	NOUN
ajfa-8356	135	15	as	as	ADP
ajfa-8356	135	16	the	the	DET
ajfa-8356	135	17	dependent	dependent	ADJ
ajfa-8356	135	18	variable	variable	NOUN
ajfa-8356	135	19	,	,	PUNCT
ajfa-8356	135	20	a	a	DET
ajfa-8356	135	21	multiple	multiple	ADJ
ajfa-8356	135	22	regression	regression	NOUN
ajfa-8356	135	23	is	be	AUX
ajfa-8356	135	24	applied	apply	VERB
ajfa-8356	135	25	for	for	ADP
ajfa-8356	135	26	the	the	DET
ajfa-8356	135	27	following	following	NOUN
ajfa-8356	135	28	:	:	PUNCT
ajfa-8356	135	29	(	(	PUNCT
ajfa-8356	135	30	)	)	PUNCT
ajfa-8356	135	31	1	1	NUM
ajfa-8356	135	32	1	1	NUM
ajfa-8356	135	33	1	1	NUM
ajfa-8356	135	34	3	3	NUM
ajfa-8356	135	35	t	t	NOUN
ajfa-8356	135	36	pt	pt	NOUN
ajfa-8356	136	1	p	p	X
ajfa-8356	136	2	f	f	PROPN
ajfa-8356	137	1	p	p	PROPN
ajfa-8356	137	2	pbe	pbe	PROPN
ajfa-8356	137	3	me	i	PRON
ajfa-8356	137	4	r	r	NOUN
ajfa-8356	137	5	r	r	NOUN
ajfa-8356	137	6	r	r	NOUN
ajfa-8356	137	7	eα	eα	NOUN
ajfa-8356	137	8	β	β	NOUN
ajfa-8356	137	9	β	β	X
ajfa-8356	137	10	β	β	X
ajfa-8356	137	11	−	−	PROPN
ajfa-8356	138	1	−	−	PROPN
ajfa-8356	139	1			NOUN
ajfa-8356	139	2			PROPN
ajfa-8356	139	3			PROPN
ajfa-8356	139	4			PROPN
ajfa-8356	140	1			PROPN
ajfa-8356	140	2			NOUN
ajfa-8356	140	3	−	−	VERB
ajfa-8356	141	1	=	=	SYM
ajfa-8356	142	1	+	+	PUNCT
ajfa-8356	142	2	+	+	PUNCT
ajfa-8356	142	3	+	+	CCONJ
ajfa-8356	142	4	(	(	PUNCT
ajfa-8356	142	5	15	15	NUM
ajfa-8356	142	6	)	)	PUNCT
ajfa-8356	142	7	if	if	SCONJ
ajfa-8356	142	8	the	the	DET
ajfa-8356	142	9	factors	factor	NOUN
ajfa-8356	142	10	model	model	NOUN
ajfa-8356	142	11	holds	hold	VERB
ajfa-8356	142	12	true	true	ADJ
ajfa-8356	142	13	then	then	ADV
ajfa-8356	142	14	we	we	PRON
ajfa-8356	142	15	expect	expect	VERB
ajfa-8356	142	16	α	α	PRON
ajfa-8356	142	17	to	to	PART
ajfa-8356	142	18	be	be	AUX
ajfa-8356	142	19	closer	close	ADJ
ajfa-8356	142	20	to	to	ADP
ajfa-8356	142	21	zero	zero	NUM
ajfa-8356	142	22	and	and	CCONJ
ajfa-8356	142	23	two	two	NUM
ajfa-8356	142	24	variables	variable	NOUN
ajfa-8356	142	25	be	be	VERB
ajfa-8356	142	26	/	/	SYM
ajfa-8356	142	27	me	i	PRON
ajfa-8356	142	28	,	,	PUNCT
ajfa-8356	142	29	and	and	CCONJ
ajfa-8356	142	30	beta	beta	NOUN
ajfa-8356	142	31	,	,	PUNCT
ajfa-8356	142	32	combine	combine	VERB
ajfa-8356	142	33	to	to	PART
ajfa-8356	142	34	capture	capture	VERB
ajfa-8356	142	35	the	the	DET
ajfa-8356	142	36	cross	cross	ADJ
ajfa-8356	142	37	-	-	ADJ
ajfa-8356	142	38	sectional	sectional	ADJ
ajfa-8356	142	39	variation	variation	NOUN
ajfa-8356	142	40	in	in	ADP
ajfa-8356	142	41	portfolio	portfolio	NOUN
ajfa-8356	142	42	returns	return	NOUN
ajfa-8356	142	43	.	.	PUNCT
ajfa-8356	143	1	5.2.7	5.2.7	NUM
ajfa-8356	143	2	multiple	multiple	ADJ
ajfa-8356	143	3	regression	regression	NOUN
ajfa-8356	143	4	using	use	VERB
ajfa-8356	143	5	bp	bp	PROPN
ajfa-8356	143	6	,	,	PUNCT
ajfa-8356	143	7	and	and	CCONJ
ajfa-8356	143	8	eps	eps	NOUN
ajfa-8356	143	9	/	/	SYM
ajfa-8356	143	10	price	price	NOUN
ajfa-8356	143	11	(	(	PUNCT
ajfa-8356	143	12	year	year	NOUN
ajfa-8356	143	13	t-1	t-1	PROPN
ajfa-8356	143	14	)	)	PUNCT
ajfa-8356	143	15	the	the	DET
ajfa-8356	143	16	methodology	methodology	NOUN
ajfa-8356	143	17	of	of	ADP
ajfa-8356	143	18	fama	fama	NOUN
ajfa-8356	143	19	and	and	CCONJ
ajfa-8356	143	20	french	french	ADJ
ajfa-8356	143	21	(	(	PUNCT
ajfa-8356	143	22	1992	1992	NUM
ajfa-8356	143	23	)	)	PUNCT
ajfa-8356	143	24	has	have	AUX
ajfa-8356	143	25	been	be	AUX
ajfa-8356	143	26	used	use	VERB
ajfa-8356	143	27	.	.	PUNCT
ajfa-8356	144	1	using	use	VERB
ajfa-8356	144	2	portfolio	portfolio	NOUN
ajfa-8356	144	3	betas	beta	NOUN
ajfa-8356	144	4	e	e	NOUN
ajfa-8356	144	5	p	p	NOUN
ajfa-8356	144	6	as	as	ADP
ajfa-8356	144	7	independent	independent	ADJ
ajfa-8356	144	8	variables	variable	NOUN
ajfa-8356	144	9	and	and	CCONJ
ajfa-8356	144	10	(	(	PUNCT
ajfa-8356	144	11	)	)	PUNCT
ajfa-8356	144	12	p	p	NOUN
ajfa-8356	144	13	fr	fr	PROPN
ajfa-8356	144	14	r−	r−	PROPN
ajfa-8356	144	15	as	as	ADP
ajfa-8356	144	16	the	the	DET
ajfa-8356	144	17	dependent	dependent	ADJ
ajfa-8356	144	18	variable	variable	NOUN
ajfa-8356	144	19	,	,	PUNCT
ajfa-8356	144	20	a	a	DET
ajfa-8356	144	21	multiple	multiple	ADJ
ajfa-8356	144	22	regression	regression	NOUN
ajfa-8356	144	23	is	be	AUX
ajfa-8356	144	24	applied	apply	VERB
ajfa-8356	144	25	for	for	ADP
ajfa-8356	144	26	the	the	DET
ajfa-8356	144	27	following	following	NOUN
ajfa-8356	144	28	:	:	PUNCT
ajfa-8356	144	29	(	(	PUNCT
ajfa-8356	144	30	)	)	PUNCT
ajfa-8356	144	31	1	1	NUM
ajfa-8356	144	32	1	1	NUM
ajfa-8356	144	33	1	1	NUM
ajfa-8356	144	34	4	4	NUM
ajfa-8356	144	35	t	t	NOUN
ajfa-8356	144	36	pt	pt	NOUN
ajfa-8356	145	1	p	p	X
ajfa-8356	145	2	f	f	X
ajfa-8356	146	1	p	p	X
ajfa-8356	146	2	pe	pe	INTJ
ajfa-8356	146	3	p	p	NOUN
ajfa-8356	146	4	r	r	NOUN
ajfa-8356	146	5	r	r	NOUN
ajfa-8356	146	6	r	r	NOUN
ajfa-8356	146	7	eα	eα	NOUN
ajfa-8356	146	8	β	β	NOUN
ajfa-8356	146	9	β	β	X
ajfa-8356	146	10	β	β	X
ajfa-8356	146	11	−	−	PROPN
ajfa-8356	146	12	−	−	PROPN
ajfa-8356	146	13			NOUN
ajfa-8356	146	14			PROPN
ajfa-8356	146	15			PROPN
ajfa-8356	146	16			PROPN
ajfa-8356	147	1			PROPN
ajfa-8356	147	2			NOUN
ajfa-8356	147	3	−	−	VERB
ajfa-8356	148	1	=	=	SYM
ajfa-8356	149	1	+	+	PUNCT
ajfa-8356	149	2	+	+	PUNCT
ajfa-8356	149	3	+	+	CCONJ
ajfa-8356	149	4	(	(	PUNCT
ajfa-8356	149	5	16	16	NUM
ajfa-8356	149	6	)	)	PUNCT
ajfa-8356	149	7	if	if	SCONJ
ajfa-8356	149	8	the	the	DET
ajfa-8356	149	9	factors	factor	NOUN
ajfa-8356	149	10	model	model	NOUN
ajfa-8356	149	11	holds	hold	VERB
ajfa-8356	149	12	true	true	ADJ
ajfa-8356	149	13	,	,	PUNCT
ajfa-8356	149	14	then	then	ADV
ajfa-8356	149	15	we	we	PRON
ajfa-8356	149	16	expect	expect	VERB
ajfa-8356	149	17	αo	αo	PRON
ajfa-8356	149	18	to	to	PART
ajfa-8356	149	19	be	be	AUX
ajfa-8356	149	20	closer	close	ADJ
ajfa-8356	149	21	to	to	ADP
ajfa-8356	149	22	zero	zero	NUM
ajfa-8356	149	23	and	and	CCONJ
ajfa-8356	149	24	the	the	DET
ajfa-8356	149	25	two	two	NUM
ajfa-8356	149	26	variables	variable	NOUN
ajfa-8356	149	27	,	,	PUNCT
ajfa-8356	149	28	eps	eps	NOUN
ajfa-8356	149	29	/	/	SYM
ajfa-8356	149	30	price	price	NOUN
ajfa-8356	149	31	and	and	CCONJ
ajfa-8356	149	32	beta	beta	NOUN
ajfa-8356	149	33	,	,	PUNCT
ajfa-8356	149	34	combine	combine	VERB
ajfa-8356	149	35	to	to	PART
ajfa-8356	149	36	capture	capture	VERB
ajfa-8356	149	37	the	the	DET
ajfa-8356	149	38	cross	cross	ADJ
ajfa-8356	149	39	-	-	ADJ
ajfa-8356	149	40	sectional	sectional	ADJ
ajfa-8356	149	41	variation	variation	NOUN
ajfa-8356	149	42	in	in	ADP
ajfa-8356	149	43	portfolio	portfolio	NOUN
ajfa-8356	149	44	returns	return	NOUN
ajfa-8356	149	45	.	.	PUNCT
ajfa-8356	150	1	5.2.8	5.2.8	NUM
ajfa-8356	150	2	multiple	multiple	ADJ
ajfa-8356	150	3	regression	regression	NOUN
ajfa-8356	150	4	using	use	VERB
ajfa-8356	150	5	bp	bp	PROPN
ajfa-8356	150	6	,	,	PUNCT
ajfa-8356	150	7	and	and	CCONJ
ajfa-8356	150	8	rm	rm	NOUN
ajfa-8356	150	9	-	-	PUNCT
ajfa-8356	150	10	rf	rf	PROPN
ajfa-8356	150	11	(	(	PUNCT
ajfa-8356	150	12	year	year	NOUN
ajfa-8356	150	13	t-1	t-1	PROPN
ajfa-8356	150	14	)	)	PUNCT
ajfa-8356	150	15	the	the	DET
ajfa-8356	150	16	methodology	methodology	NOUN
ajfa-8356	150	17	of	of	ADP
ajfa-8356	150	18	fama	fama	NOUN
ajfa-8356	150	19	and	and	CCONJ
ajfa-8356	150	20	french	french	ADJ
ajfa-8356	150	21	(	(	PUNCT
ajfa-8356	150	22	1992	1992	NUM
ajfa-8356	150	23	)	)	PUNCT
ajfa-8356	150	24	has	have	AUX
ajfa-8356	150	25	been	be	AUX
ajfa-8356	150	26	used	use	VERB
ajfa-8356	150	27	.	.	PUNCT
ajfa-8356	151	1	using	use	VERB
ajfa-8356	151	2	portfolio	portfolio	NOUN
ajfa-8356	151	3	beta	beta	NOUN
ajfa-8356	151	4	and	and	CCONJ
ajfa-8356	151	5	excess	excess	ADJ
ajfa-8356	151	6	market	market	NOUN
ajfa-8356	151	7	returns	return	NOUN
ajfa-8356	151	8	over	over	ADP
ajfa-8356	151	9	the	the	DET
ajfa-8356	151	10	risk	risk	NOUN
ajfa-8356	151	11	free	free	ADJ
ajfa-8356	151	12	rate	rate	NOUN
ajfa-8356	151	13	of	of	ADP
ajfa-8356	151	14	return	return	NOUN
ajfa-8356	151	15	(	(	PUNCT
ajfa-8356	151	16	rm	rm	NOUN
ajfa-8356	151	17	-	-	PUNCT
ajfa-8356	151	18	rf	rf	NOUN
ajfa-8356	151	19	)	)	PUNCT
ajfa-8356	151	20	as	as	ADP
ajfa-8356	151	21	independent	independent	ADJ
ajfa-8356	151	22	variables	variable	NOUN
ajfa-8356	151	23	and	and	CCONJ
ajfa-8356	151	24	rp	rp	NOUN
ajfa-8356	151	25	-	-	PUNCT
ajfa-8356	151	26	rf	rf	NOUN
ajfa-8356	151	27	as	as	ADP
ajfa-8356	151	28	the	the	DET
ajfa-8356	151	29	dependent	dependent	ADJ
ajfa-8356	151	30	variable	variable	NOUN
ajfa-8356	151	31	,	,	PUNCT
ajfa-8356	151	32	a	a	DET
ajfa-8356	151	33	multiple	multiple	ADJ
ajfa-8356	151	34	regression	regression	NOUN
ajfa-8356	151	35	is	be	AUX
ajfa-8356	151	36	run	run	VERB
ajfa-8356	151	37	for	for	ADP
ajfa-8356	151	38	the	the	DET
ajfa-8356	151	39	following	follow	VERB
ajfa-8356	151	40	:	:	PUNCT
ajfa-8356	151	41	asian	asian	ADJ
ajfa-8356	151	42	journal	journal	NOUN
ajfa-8356	151	43	of	of	ADP
ajfa-8356	151	44	finance	finance	PROPN
ajfa-8356	151	45	&	&	CCONJ
ajfa-8356	151	46	accounting	accounting	PROPN
ajfa-8356	151	47	issn	issn	PROPN
ajfa-8356	151	48	1946	1946	NUM
ajfa-8356	151	49	-	-	PUNCT
ajfa-8356	151	50	052x	052x	NOUN
ajfa-8356	151	51	2015	2015	NUM
ajfa-8356	151	52	,	,	PUNCT
ajfa-8356	151	53	vol	vol	NOUN
ajfa-8356	151	54	.	.	PROPN
ajfa-8356	152	1	7	7	NUM
ajfa-8356	152	2	,	,	PUNCT
ajfa-8356	152	3	no	no	INTJ
ajfa-8356	152	4	.	.	NOUN
ajfa-8356	152	5	2	2	NUM
ajfa-8356	152	6	114	114	NUM
ajfa-8356	152	7	(	(	PUNCT
ajfa-8356	152	8	)	)	PUNCT
ajfa-8356	152	9	(	(	PUNCT
ajfa-8356	152	10	)	)	PUNCT
ajfa-8356	152	11	1	1	NUM
ajfa-8356	152	12	1	1	NUM
ajfa-8356	152	13	1	1	NUM
ajfa-8356	152	14	5	5	NUM
ajfa-8356	152	15	tm	tm	PROPN
ajfa-8356	152	16	f	f	PROPN
ajfa-8356	152	17	pt	pt	PROPN
ajfa-8356	153	1	p	p	X
ajfa-8356	153	2	f	f	X
ajfa-8356	153	3	p	p	NOUN
ajfa-8356	153	4	pr	pr	NOUN
ajfa-8356	153	5	r	r	NOUN
ajfa-8356	153	6	r	r	NOUN
ajfa-8356	153	7	r	r	NOUN
ajfa-8356	153	8	r	r	NOUN
ajfa-8356	153	9	eα	eα	NOUN
ajfa-8356	153	10	β	β	NOUN
ajfa-8356	153	11	β	β	X
ajfa-8356	153	12	β	β	X
ajfa-8356	153	13	−	−	PROPN
ajfa-8356	153	14	−	−	PROPN
ajfa-8356	154	1	−	−	NOUN
ajfa-8356	154	2	−	−	PROPN
ajfa-8356	155	1	=	=	PUNCT
ajfa-8356	156	1	+	+	PUNCT
ajfa-8356	156	2	+	+	PUNCT
ajfa-8356	156	3	+	+	CCONJ
ajfa-8356	156	4	(	(	PUNCT
ajfa-8356	156	5	17	17	NUM
ajfa-8356	156	6	)	)	PUNCT
ajfa-8356	156	7	if	if	SCONJ
ajfa-8356	156	8	the	the	DET
ajfa-8356	156	9	factors	factor	NOUN
ajfa-8356	156	10	model	model	NOUN
ajfa-8356	156	11	holds	hold	VERB
ajfa-8356	156	12	true	true	ADJ
ajfa-8356	156	13	then	then	ADV
ajfa-8356	156	14	we	we	PRON
ajfa-8356	156	15	expect	expect	VERB
ajfa-8356	156	16	α	α	PRON
ajfa-8356	156	17	to	to	PART
ajfa-8356	156	18	be	be	AUX
ajfa-8356	156	19	closer	close	ADJ
ajfa-8356	156	20	to	to	ADP
ajfa-8356	156	21	zero	zero	NUM
ajfa-8356	156	22	and	and	CCONJ
ajfa-8356	156	23	two	two	NUM
ajfa-8356	156	24	variables	variable	NOUN
ajfa-8356	156	25	,	,	PUNCT
ajfa-8356	156	26	(	(	PUNCT
ajfa-8356	156	27	)	)	PUNCT
ajfa-8356	156	28	m	m	VERB
ajfa-8356	156	29	fr	fr	PROPN
ajfa-8356	156	30	r−	r−	PROPN
ajfa-8356	156	31	and	and	CCONJ
ajfa-8356	156	32	beta	beta	NOUN
ajfa-8356	156	33	combine	combine	NOUN
ajfa-8356	156	34	to	to	PART
ajfa-8356	156	35	capture	capture	VERB
ajfa-8356	156	36	the	the	DET
ajfa-8356	156	37	cross	cross	ADJ
ajfa-8356	156	38	-	-	ADJ
ajfa-8356	156	39	sectional	sectional	ADJ
ajfa-8356	156	40	variation	variation	NOUN
ajfa-8356	156	41	in	in	ADP
ajfa-8356	156	42	portfolio	portfolio	NOUN
ajfa-8356	156	43	returns	return	NOUN
ajfa-8356	156	44	.	.	PUNCT
ajfa-8356	157	1	5.2.9	5.2.9	NUM
ajfa-8356	157	2	multiple	multiple	ADJ
ajfa-8356	157	3	regression	regression	NOUN
ajfa-8356	157	4	using	use	VERB
ajfa-8356	157	5	bp	bp	PROPN
ajfa-8356	157	6	,	,	PUNCT
ajfa-8356	157	7	size	size	NOUN
ajfa-8356	157	8	and	and	CCONJ
ajfa-8356	157	9	eps	eps	PROPN
ajfa-8356	157	10	/price	/price	PROPN
ajfa-8356	157	11	(	(	PUNCT
ajfa-8356	157	12	year	year	PROPN
ajfa-8356	157	13	t-1	t-1	PROPN
ajfa-8356	157	14	)	)	PUNCT
ajfa-8356	157	15	the	the	DET
ajfa-8356	157	16	methodology	methodology	NOUN
ajfa-8356	157	17	of	of	ADP
ajfa-8356	157	18	fama	fama	NOUN
ajfa-8356	157	19	and	and	CCONJ
ajfa-8356	157	20	french	french	ADJ
ajfa-8356	157	21	(	(	PUNCT
ajfa-8356	157	22	1992	1992	NUM
ajfa-8356	157	23	)	)	PUNCT
ajfa-8356	157	24	has	have	AUX
ajfa-8356	157	25	been	be	AUX
ajfa-8356	157	26	used	use	VERB
ajfa-8356	157	27	.	.	PUNCT
ajfa-8356	158	1	using	use	VERB
ajfa-8356	158	2	portfolio	portfolio	NOUN
ajfa-8356	158	3	betas	beta	NOUN
ajfa-8356	158	4	,	,	PUNCT
ajfa-8356	158	5	size	size	NOUN
ajfa-8356	158	6	and	and	CCONJ
ajfa-8356	158	7	e	e	NOUN
ajfa-8356	158	8	/	/	SYM
ajfa-8356	158	9	p	p	NOUN
ajfa-8356	158	10	as	as	ADP
ajfa-8356	158	11	independent	independent	ADJ
ajfa-8356	158	12	variables	variable	NOUN
ajfa-8356	158	13	and	and	CCONJ
ajfa-8356	158	14	rp	rp	NOUN
ajfa-8356	158	15	-	-	PUNCT
ajfa-8356	158	16	rf	rf	NOUN
ajfa-8356	158	17	as	as	ADP
ajfa-8356	158	18	the	the	DET
ajfa-8356	158	19	dependent	dependent	ADJ
ajfa-8356	158	20	variable	variable	NOUN
ajfa-8356	158	21	,	,	PUNCT
ajfa-8356	158	22	a	a	DET
ajfa-8356	158	23	multiple	multiple	ADJ
ajfa-8356	158	24	regression	regression	NOUN
ajfa-8356	158	25	is	be	AUX
ajfa-8356	158	26	applied	apply	VERB
ajfa-8356	158	27	for	for	ADP
ajfa-8356	158	28	the	the	DET
ajfa-8356	158	29	following	following	NOUN
ajfa-8356	158	30	:	:	PUNCT
ajfa-8356	158	31	(	(	PUNCT
ajfa-8356	158	32	)	)	PUNCT
ajfa-8356	158	33	11	11	NUM
ajfa-8356	158	34	1	1	NUM
ajfa-8356	158	35	1	1	NUM
ajfa-8356	158	36	2	2	NUM
ajfa-8356	158	37	4p	4p	NUM
ajfa-8356	158	38	tt	tt	PROPN
ajfa-8356	158	39	pt	pt	PROPN
ajfa-8356	159	1	p	p	X
ajfa-8356	159	2	f	f	PROPN
ajfa-8356	160	1	p	p	X
ajfa-8356	160	2	me	i	PRON
ajfa-8356	160	3	pe	pe	INTJ
ajfa-8356	160	4	p	p	NOUN
ajfa-8356	160	5	r	r	NOUN
ajfa-8356	160	6	r	r	NOUN
ajfa-8356	160	7	r	r	NOUN
ajfa-8356	160	8	r	r	NOUN
ajfa-8356	160	9	eα	eα	NOUN
ajfa-8356	160	10	β	β	NOUN
ajfa-8356	160	11	β	β	X
ajfa-8356	160	12	β	β	X
ajfa-8356	160	13	β	β	X
ajfa-8356	160	14	−−	−−	PROPN
ajfa-8356	160	15	−	−	PROPN
ajfa-8356	161	1			NOUN
ajfa-8356	161	2			PROPN
ajfa-8356	161	3			PROPN
ajfa-8356	161	4			PROPN
ajfa-8356	162	1			PROPN
ajfa-8356	162	2			NOUN
ajfa-8356	162	3	−	−	VERB
ajfa-8356	163	1	=	=	SYM
ajfa-8356	164	1	+	+	PUNCT
ajfa-8356	164	2	+	+	PUNCT
ajfa-8356	164	3	+	+	PUNCT
ajfa-8356	164	4	+	+	CCONJ
ajfa-8356	164	5	(	(	PUNCT
ajfa-8356	164	6	18	18	NUM
ajfa-8356	164	7	)	)	PUNCT
ajfa-8356	164	8	if	if	SCONJ
ajfa-8356	164	9	the	the	DET
ajfa-8356	164	10	factors	factor	NOUN
ajfa-8356	164	11	model	model	NOUN
ajfa-8356	164	12	holds	hold	VERB
ajfa-8356	164	13	true	true	ADJ
ajfa-8356	164	14	then	then	ADV
ajfa-8356	164	15	we	we	PRON
ajfa-8356	164	16	expect	expect	VERB
ajfa-8356	164	17	αo	αo	PRON
ajfa-8356	164	18	to	to	PART
ajfa-8356	164	19	be	be	AUX
ajfa-8356	164	20	closer	close	ADJ
ajfa-8356	164	21	to	to	ADP
ajfa-8356	164	22	zero	zero	NUM
ajfa-8356	164	23	and	and	CCONJ
ajfa-8356	164	24	the	the	DET
ajfa-8356	164	25	three	three	NUM
ajfa-8356	164	26	variables	variable	NOUN
ajfa-8356	164	27	,	,	PUNCT
ajfa-8356	164	28	beta	beta	NOUN
ajfa-8356	164	29	,	,	PUNCT
ajfa-8356	164	30	size	size	NOUN
ajfa-8356	164	31	and	and	CCONJ
ajfa-8356	164	32	price	price	NOUN
ajfa-8356	164	33	earnings	earning	NOUN
ajfa-8356	164	34	,	,	PUNCT
ajfa-8356	164	35	combine	combine	VERB
ajfa-8356	164	36	to	to	PART
ajfa-8356	164	37	explain	explain	VERB
ajfa-8356	164	38	the	the	DET
ajfa-8356	164	39	cross	cross	ADJ
ajfa-8356	164	40	-	-	ADJ
ajfa-8356	164	41	sectional	sectional	ADJ
ajfa-8356	164	42	variation	variation	NOUN
ajfa-8356	164	43	in	in	ADP
ajfa-8356	164	44	portfolio	portfolio	NOUN
ajfa-8356	164	45	returns	return	NOUN
ajfa-8356	164	46	.	.	PUNCT
ajfa-8356	165	1	6	6	X
ajfa-8356	165	2	.	.	X
ajfa-8356	165	3	empirical	empirical	ADJ
ajfa-8356	165	4	results	result	NOUN
ajfa-8356	165	5	of	of	ADP
ajfa-8356	165	6	the	the	DET
ajfa-8356	165	7	study	study	NOUN
ajfa-8356	165	8	the	the	DET
ajfa-8356	165	9	empirical	empirical	ADJ
ajfa-8356	165	10	results	result	NOUN
ajfa-8356	165	11	of	of	ADP
ajfa-8356	165	12	the	the	DET
ajfa-8356	165	13	study	study	NOUN
ajfa-8356	165	14	are	be	AUX
ajfa-8356	165	15	discussed	discuss	VERB
ajfa-8356	165	16	in	in	ADP
ajfa-8356	165	17	this	this	DET
ajfa-8356	165	18	section	section	NOUN
ajfa-8356	165	19	.	.	PUNCT
ajfa-8356	166	1	6.1	6.1	NUM
ajfa-8356	166	2	test	test	NOUN
ajfa-8356	166	3	for	for	ADP
ajfa-8356	166	4	alpha	alpha	NOUN
ajfa-8356	166	5	and	and	CCONJ
ajfa-8356	166	6	the	the	DET
ajfa-8356	166	7	slope	slope	NOUN
ajfa-8356	166	8	co	co	NOUN
ajfa-8356	166	9	-	-	ADJ
ajfa-8356	166	10	efficient	efficient	ADJ
ajfa-8356	166	11	of	of	ADP
ajfa-8356	166	12	independent	independent	ADJ
ajfa-8356	166	13	variables	variable	NOUN
ajfa-8356	166	14	based	base	VERB
ajfa-8356	166	15	on	on	ADP
ajfa-8356	166	16	the	the	DET
ajfa-8356	166	17	results	result	NOUN
ajfa-8356	166	18	of	of	ADP
ajfa-8356	166	19	cross	cross	ADJ
ajfa-8356	166	20	-	-	NOUN
ajfa-8356	166	21	section	section	ADJ
ajfa-8356	166	22	regression	regression	NOUN
ajfa-8356	166	23	the	the	DET
ajfa-8356	166	24	intercept	intercept	NOUN
ajfa-8356	166	25	and	and	CCONJ
ajfa-8356	166	26	slope	slope	NOUN
ajfa-8356	166	27	co	co	ADJ
ajfa-8356	166	28	-	-	ADJ
ajfa-8356	166	29	efficient	efficient	ADJ
ajfa-8356	166	30	values	value	NOUN
ajfa-8356	166	31	of	of	ADP
ajfa-8356	166	32	the	the	DET
ajfa-8356	166	33	independent	independent	ADJ
ajfa-8356	166	34	variables	variable	NOUN
ajfa-8356	166	35	are	be	AUX
ajfa-8356	166	36	tested	test	VERB
ajfa-8356	166	37	using	use	VERB
ajfa-8356	166	38	the	the	DET
ajfa-8356	166	39	t	t	NOUN
ajfa-8356	166	40	-	-	PUNCT
ajfa-8356	166	41	test	test	NOUN
ajfa-8356	166	42	,	,	PUNCT
ajfa-8356	166	43	and	and	CCONJ
ajfa-8356	166	44	adjusted	adjusted	ADJ
ajfa-8356	166	45	r2	r2	NOUN
ajfa-8356	166	46	values	value	NOUN
ajfa-8356	166	47	are	be	AUX
ajfa-8356	166	48	tested	test	VERB
ajfa-8356	166	49	using	use	VERB
ajfa-8356	166	50	f	f	NOUN
ajfa-8356	166	51	-	-	PUNCT
ajfa-8356	166	52	test	test	NOUN
ajfa-8356	166	53	at	at	ADP
ajfa-8356	166	54	5	5	NUM
ajfa-8356	166	55	percent	percent	NOUN
ajfa-8356	166	56	level	level	NOUN
ajfa-8356	166	57	of	of	ADP
ajfa-8356	166	58	significance	significance	NOUN
ajfa-8356	166	59	.	.	PUNCT
ajfa-8356	167	1	if	if	SCONJ
ajfa-8356	167	2	the	the	DET
ajfa-8356	167	3	capm	capm	PROPN
ajfa-8356	167	4	holds	hold	VERB
ajfa-8356	167	5	,	,	PUNCT
ajfa-8356	167	6	the	the	DET
ajfa-8356	167	7	alpha	alpha	NOUN
ajfa-8356	167	8	value	value	NOUN
ajfa-8356	167	9	should	should	AUX
ajfa-8356	167	10	not	not	PART
ajfa-8356	167	11	be	be	AUX
ajfa-8356	167	12	significantly	significantly	ADV
ajfa-8356	167	13	different	different	ADJ
ajfa-8356	167	14	from	from	ADP
ajfa-8356	167	15	zero	zero	NUM
ajfa-8356	167	16	since	since	SCONJ
ajfa-8356	167	17	ri	ri	NOUN
ajfa-8356	167	18	-	-	PUNCT
ajfa-8356	167	19	rf	rf	NOUN
ajfa-8356	167	20	has	have	AUX
ajfa-8356	167	21	been	be	AUX
ajfa-8356	167	22	used	use	VERB
ajfa-8356	167	23	as	as	ADP
ajfa-8356	167	24	the	the	DET
ajfa-8356	167	25	dependent	dependent	ADJ
ajfa-8356	167	26	variable	variable	NOUN
ajfa-8356	167	27	.	.	PUNCT
ajfa-8356	168	1	it	it	PRON
ajfa-8356	168	2	is	be	AUX
ajfa-8356	168	3	expected	expect	VERB
ajfa-8356	168	4	that	that	SCONJ
ajfa-8356	168	5	the	the	DET
ajfa-8356	168	6	α	α	PROPN
ajfa-8356	168	7	value	value	NOUN
ajfa-8356	168	8	of	of	ADP
ajfa-8356	168	9	the	the	DET
ajfa-8356	168	10	regression	regression	NOUN
ajfa-8356	168	11	based	base	VERB
ajfa-8356	168	12	on	on	ADP
ajfa-8356	168	13	these	these	DET
ajfa-8356	168	14	independent	independent	ADJ
ajfa-8356	168	15	variables	variable	NOUN
ajfa-8356	168	16	should	should	AUX
ajfa-8356	168	17	be	be	AUX
ajfa-8356	168	18	equal	equal	ADJ
ajfa-8356	168	19	to	to	ADP
ajfa-8356	168	20	zero	zero	NUM
ajfa-8356	168	21	and	and	CCONJ
ajfa-8356	168	22	the	the	DET
ajfa-8356	168	23	slope	slope	NOUN
ajfa-8356	168	24	co	co	NOUN
ajfa-8356	168	25	-	-	ADJ
ajfa-8356	168	26	efficient	efficient	ADJ
ajfa-8356	168	27	of	of	ADP
ajfa-8356	168	28	independent	independent	ADJ
ajfa-8356	168	29	variables	variable	NOUN
ajfa-8356	168	30	should	should	AUX
ajfa-8356	168	31	be	be	AUX
ajfa-8356	168	32	equal	equal	ADJ
ajfa-8356	168	33	to	to	ADP
ajfa-8356	168	34	zero	zero	NUM
ajfa-8356	168	35	if	if	SCONJ
ajfa-8356	168	36	they	they	PRON
ajfa-8356	168	37	are	be	AUX
ajfa-8356	168	38	not	not	PART
ajfa-8356	168	39	the	the	DET
ajfa-8356	168	40	determinants	determinant	NOUN
ajfa-8356	168	41	of	of	ADP
ajfa-8356	168	42	security	security	NOUN
ajfa-8356	168	43	returns	return	NOUN
ajfa-8356	168	44	.	.	PUNCT
ajfa-8356	169	1	in	in	ADP
ajfa-8356	169	2	other	other	ADJ
ajfa-8356	169	3	way	way	NOUN
ajfa-8356	169	4	if	if	SCONJ
ajfa-8356	169	5	the	the	DET
ajfa-8356	169	6	value	value	NOUN
ajfa-8356	169	7	of	of	ADP
ajfa-8356	169	8	alpha	alpha	NOUN
ajfa-8356	169	9	is	be	AUX
ajfa-8356	169	10	significantly	significantly	ADV
ajfa-8356	169	11	different	different	ADJ
ajfa-8356	169	12	from	from	ADP
ajfa-8356	169	13	zero	zero	NUM
ajfa-8356	169	14	it	it	PRON
ajfa-8356	169	15	implies	imply	VERB
ajfa-8356	169	16	that	that	SCONJ
ajfa-8356	169	17	the	the	DET
ajfa-8356	169	18	hypothesis	hypothesis	NOUN
ajfa-8356	169	19	regarding	regard	VERB
ajfa-8356	169	20	the	the	DET
ajfa-8356	169	21	risk	risk	NOUN
ajfa-8356	169	22	-	-	PUNCT
ajfa-8356	169	23	free	free	ADJ
ajfa-8356	169	24	rate	rate	NOUN
ajfa-8356	169	25	of	of	ADP
ajfa-8356	169	26	return	return	NOUN
ajfa-8356	169	27	does	do	AUX
ajfa-8356	169	28	not	not	PART
ajfa-8356	169	29	hold	hold	VERB
ajfa-8356	169	30	and	and	CCONJ
ajfa-8356	169	31	if	if	SCONJ
ajfa-8356	169	32	the	the	DET
ajfa-8356	169	33	values	value	NOUN
ajfa-8356	169	34	of	of	ADP
ajfa-8356	169	35	the	the	DET
ajfa-8356	169	36	slope	slope	NOUN
ajfa-8356	169	37	co	co	NOUN
ajfa-8356	169	38	-	-	ADJ
ajfa-8356	169	39	efficient	efficient	ADJ
ajfa-8356	169	40	of	of	ADP
ajfa-8356	169	41	the	the	DET
ajfa-8356	169	42	independent	independent	ADJ
ajfa-8356	169	43	variables	variable	NOUN
ajfa-8356	169	44	are	be	AUX
ajfa-8356	169	45	significantly	significantly	ADV
ajfa-8356	169	46	different	different	ADJ
ajfa-8356	169	47	from	from	ADP
ajfa-8356	169	48	zero	zero	NUM
ajfa-8356	169	49	it	it	PRON
ajfa-8356	169	50	implies	imply	VERB
ajfa-8356	169	51	that	that	SCONJ
ajfa-8356	169	52	the	the	DET
ajfa-8356	169	53	independent	independent	ADJ
ajfa-8356	169	54	variables	variable	NOUN
ajfa-8356	169	55	chosen	choose	VERB
ajfa-8356	169	56	for	for	ADP
ajfa-8356	169	57	the	the	DET
ajfa-8356	169	58	study	study	NOUN
ajfa-8356	169	59	determine	determine	VERB
ajfa-8356	169	60	the	the	DET
ajfa-8356	169	61	security	security	NOUN
ajfa-8356	169	62	returns	return	NOUN
ajfa-8356	169	63	in	in	ADP
ajfa-8356	169	64	a	a	DET
ajfa-8356	169	65	significant	significant	ADJ
ajfa-8356	169	66	way	way	NOUN
ajfa-8356	169	67	.	.	PUNCT
ajfa-8356	170	1	the	the	DET
ajfa-8356	170	2	independent	independent	ADJ
ajfa-8356	170	3	variable	variable	NOUN
ajfa-8356	170	4	,	,	PUNCT
ajfa-8356	170	5	security	security	NOUN
ajfa-8356	170	6	beta	beta	NOUN
ajfa-8356	170	7	(	(	PUNCT
ajfa-8356	170	8	βi	βi	NOUN
ajfa-8356	170	9	)	)	PUNCT
ajfa-8356	170	10	,	,	PUNCT
ajfa-8356	170	11	is	be	AUX
ajfa-8356	170	12	expected	expect	VERB
ajfa-8356	170	13	to	to	PART
ajfa-8356	170	14	explain	explain	VERB
ajfa-8356	170	15	the	the	DET
ajfa-8356	170	16	variation	variation	NOUN
ajfa-8356	170	17	in	in	ADP
ajfa-8356	170	18	security	security	NOUN
ajfa-8356	170	19	returns	return	NOUN
ajfa-8356	170	20	.	.	PUNCT
ajfa-8356	171	1	if	if	SCONJ
ajfa-8356	171	2	the	the	DET
ajfa-8356	171	3	independent	independent	ADJ
ajfa-8356	171	4	variable	variable	NOUN
ajfa-8356	171	5	,	,	PUNCT
ajfa-8356	171	6	βi	βi	PRON
ajfa-8356	171	7	,	,	PUNCT
ajfa-8356	171	8	explains	explain	VERB
ajfa-8356	171	9	the	the	DET
ajfa-8356	171	10	variance	variance	NOUN
ajfa-8356	171	11	of	of	ADP
ajfa-8356	171	12	the	the	DET
ajfa-8356	171	13	dependent	dependent	ADJ
ajfa-8356	171	14	variable	variable	NOUN
ajfa-8356	171	15	,	,	PUNCT
ajfa-8356	171	16	then	then	ADV
ajfa-8356	171	17	the	the	DET
ajfa-8356	171	18	slope	slope	NOUN
ajfa-8356	171	19	co	co	NOUN
ajfa-8356	171	20	-	-	ADJ
ajfa-8356	171	21	efficient	efficient	ADJ
ajfa-8356	171	22	of	of	ADP
ajfa-8356	171	23	βi	βi	PRON
ajfa-8356	171	24	should	should	AUX
ajfa-8356	171	25	be	be	AUX
ajfa-8356	171	26	significantly	significantly	ADV
ajfa-8356	171	27	different	different	ADJ
ajfa-8356	171	28	from	from	ADP
ajfa-8356	171	29	zero	zero	NUM
ajfa-8356	171	30	.	.	PUNCT
ajfa-8356	172	1	therefore	therefore	ADV
ajfa-8356	172	2	,	,	PUNCT
ajfa-8356	172	3	the	the	DET
ajfa-8356	172	4	hypotheses	hypothesis	NOUN
ajfa-8356	172	5	relating	relate	VERB
ajfa-8356	172	6	to	to	ADP
ajfa-8356	172	7	the	the	DET
ajfa-8356	172	8	slope	slope	NOUN
ajfa-8356	172	9	co	co	NOUN
ajfa-8356	172	10	-	-	ADJ
ajfa-8356	172	11	efficient	efficient	ADJ
ajfa-8356	172	12	are	be	AUX
ajfa-8356	172	13	that	that	SCONJ
ajfa-8356	172	14	they	they	PRON
ajfa-8356	172	15	are	be	AUX
ajfa-8356	172	16	equal	equal	ADJ
ajfa-8356	172	17	to	to	ADP
ajfa-8356	172	18	zero	zero	NUM
ajfa-8356	172	19	,	,	PUNCT
ajfa-8356	172	20	while	while	SCONJ
ajfa-8356	172	21	the	the	DET
ajfa-8356	172	22	alternate	alternate	ADJ
ajfa-8356	172	23	hypotheses	hypothesis	NOUN
ajfa-8356	172	24	are	be	AUX
ajfa-8356	172	25	that	that	SCONJ
ajfa-8356	172	26	the	the	DET
ajfa-8356	172	27	slope	slope	NOUN
ajfa-8356	172	28	co	co	NOUN
ajfa-8356	172	29	-	-	ADJ
ajfa-8356	172	30	efficient	efficient	ADJ
ajfa-8356	172	31	are	be	AUX
ajfa-8356	172	32	significantly	significantly	ADV
ajfa-8356	172	33	different	different	ADJ
ajfa-8356	172	34	from	from	ADP
ajfa-8356	172	35	zero	zero	NUM
ajfa-8356	172	36	.	.	PUNCT
ajfa-8356	173	1	the	the	DET
ajfa-8356	173	2	f	f	NOUN
ajfa-8356	173	3	-	-	PUNCT
ajfa-8356	173	4	test	test	NOUN
ajfa-8356	173	5	significance	significance	NOUN
ajfa-8356	173	6	f	f	PROPN
ajfa-8356	173	7	indicates	indicate	VERB
ajfa-8356	173	8	whether	whether	SCONJ
ajfa-8356	173	9	the	the	DET
ajfa-8356	173	10	regression	regression	NOUN
ajfa-8356	173	11	of	of	ADP
ajfa-8356	173	12	null	null	ADJ
ajfa-8356	173	13	independent	independent	ADJ
ajfa-8356	173	14	variable	variable	NOUN
ajfa-8356	173	15	/	/	SYM
ajfa-8356	173	16	s	s	NOUN
ajfa-8356	173	17	with	with	ADP
ajfa-8356	173	18	the	the	DET
ajfa-8356	173	19	dependent	dependent	ADJ
ajfa-8356	173	20	variable	variable	NOUN
ajfa-8356	173	21	is	be	AUX
ajfa-8356	173	22	a	a	DET
ajfa-8356	173	23	good	good	ADJ
ajfa-8356	173	24	fit	fit	NOUN
ajfa-8356	173	25	.	.	PUNCT
ajfa-8356	174	1	if	if	SCONJ
ajfa-8356	174	2	the	the	DET
ajfa-8356	174	3	independent	independent	ADJ
ajfa-8356	174	4	variable	variable	NOUN
ajfa-8356	174	5	/	/	SYM
ajfa-8356	174	6	s	s	NOUN
ajfa-8356	174	7	cause	cause	NOUN
ajfa-8356	174	8	/s	/s	VERB
ajfa-8356	174	9	the	the	DET
ajfa-8356	174	10	variation	variation	NOUN
ajfa-8356	174	11	in	in	ADP
ajfa-8356	174	12	the	the	DET
ajfa-8356	174	13	dependent	dependent	ADJ
ajfa-8356	174	14	variable	variable	NOUN
ajfa-8356	174	15	,	,	PUNCT
ajfa-8356	174	16	the	the	DET
ajfa-8356	174	17	regression	regression	NOUN
ajfa-8356	174	18	should	should	AUX
ajfa-8356	174	19	be	be	AUX
ajfa-8356	174	20	a	a	DET
ajfa-8356	174	21	good	good	ADJ
ajfa-8356	174	22	fit	fit	NOUN
ajfa-8356	174	23	and	and	CCONJ
ajfa-8356	174	24	therefore	therefore	ADV
ajfa-8356	174	25	the	the	DET
ajfa-8356	174	26	computed	computed	ADJ
ajfa-8356	174	27	values	value	NOUN
ajfa-8356	174	28	of	of	ADP
ajfa-8356	174	29	significance	significance	NOUN
ajfa-8356	174	30	f	f	PROPN
ajfa-8356	174	31	should	should	AUX
ajfa-8356	174	32	be	be	AUX
ajfa-8356	174	33	less	less	ADJ
ajfa-8356	174	34	than	than	ADP
ajfa-8356	174	35	the	the	DET
ajfa-8356	174	36	level	level	NOUN
ajfa-8356	174	37	of	of	ADP
ajfa-8356	174	38	significance	significance	NOUN
ajfa-8356	174	39	chosen	choose	VERB
ajfa-8356	174	40	in	in	ADP
ajfa-8356	174	41	most	most	ADJ
ajfa-8356	174	42	of	of	ADP
ajfa-8356	174	43	the	the	DET
ajfa-8356	174	44	period	period	NOUN
ajfa-8356	174	45	.	.	PUNCT
ajfa-8356	175	1	asian	asian	ADJ
ajfa-8356	175	2	journal	journal	PROPN
ajfa-8356	175	3	of	of	ADP
ajfa-8356	175	4	finance	finance	PROPN
ajfa-8356	175	5	&	&	CCONJ
ajfa-8356	175	6	accounting	accounting	PROPN
ajfa-8356	175	7	issn	issn	PROPN
ajfa-8356	175	8	1946	1946	NUM
ajfa-8356	175	9	-	-	PUNCT
ajfa-8356	175	10	052x	052x	NOUN
ajfa-8356	175	11	2015	2015	NUM
ajfa-8356	175	12	,	,	PUNCT
ajfa-8356	175	13	vol	vol	NOUN
ajfa-8356	175	14	.	.	PROPN
ajfa-8356	175	15	7	7	NUM
ajfa-8356	175	16	,	,	PUNCT
ajfa-8356	175	17	no	no	INTJ
ajfa-8356	175	18	.	.	NOUN
ajfa-8356	175	19	2	2	NUM
ajfa-8356	175	20	115	115	NUM
ajfa-8356	175	21	6.1.1	6.1.1	NUM
ajfa-8356	175	22	analysis	analysis	NOUN
ajfa-8356	175	23	of	of	ADP
ajfa-8356	175	24	the	the	DET
ajfa-8356	175	25	results	result	NOUN
ajfa-8356	175	26	based	base	VERB
ajfa-8356	175	27	on	on	ADP
ajfa-8356	175	28	percentage	percentage	NOUN
ajfa-8356	175	29	returns	return	NOUN
ajfa-8356	175	30	regression	regression	NOUN
ajfa-8356	175	31	line	line	NOUN
ajfa-8356	175	32	has	have	AUX
ajfa-8356	175	33	been	be	AUX
ajfa-8356	175	34	fit	fit	ADJ
ajfa-8356	175	35	by	by	ADP
ajfa-8356	175	36	considering	consider	VERB
ajfa-8356	175	37	the	the	DET
ajfa-8356	175	38	percentage	percentage	NOUN
ajfa-8356	175	39	stock	stock	NOUN
ajfa-8356	175	40	returns	return	NOUN
ajfa-8356	175	41	of	of	ADP
ajfa-8356	175	42	the	the	DET
ajfa-8356	175	43	companies	company	NOUN
ajfa-8356	175	44	taken	take	VERB
ajfa-8356	175	45	for	for	ADP
ajfa-8356	175	46	analysis	analysis	NOUN
ajfa-8356	175	47	.	.	PUNCT
ajfa-8356	176	1	the	the	DET
ajfa-8356	176	2	regression	regression	NOUN
ajfa-8356	176	3	results	result	NOUN
ajfa-8356	176	4	based	base	VERB
ajfa-8356	176	5	on	on	ADP
ajfa-8356	176	6	percentage	percentage	NOUN
ajfa-8356	176	7	stock	stock	NOUN
ajfa-8356	176	8	returns	return	NOUN
ajfa-8356	176	9	are	be	AUX
ajfa-8356	176	10	obtained	obtain	VERB
ajfa-8356	176	11	by	by	ADP
ajfa-8356	176	12	forming	form	VERB
ajfa-8356	176	13	portfolios	portfolio	NOUN
ajfa-8356	176	14	with	with	ADP
ajfa-8356	176	15	equal	equal	ADJ
ajfa-8356	176	16	weights	weight	NOUN
ajfa-8356	176	17	and	and	CCONJ
ajfa-8356	176	18	market	market	NOUN
ajfa-8356	176	19	stock	stock	NOUN
ajfa-8356	176	20	capitalization	capitalization	NOUN
ajfa-8356	176	21	weights	weight	NOUN
ajfa-8356	176	22	.	.	PUNCT
ajfa-8356	177	1	table	table	NOUN
ajfa-8356	177	2	1	1	NUM
ajfa-8356	177	3	.	.	PUNCT
ajfa-8356	178	1	the	the	DET
ajfa-8356	178	2	test	test	NOUN
ajfa-8356	178	3	for	for	ADP
ajfa-8356	178	4	alpha	alpha	NOUN
ajfa-8356	178	5	and	and	CCONJ
ajfa-8356	178	6	the	the	DET
ajfa-8356	178	7	slope	slope	NOUN
ajfa-8356	178	8	co	co	NOUN
ajfa-8356	178	9	-	-	ADJ
ajfa-8356	178	10	efficient	efficient	ADJ
ajfa-8356	178	11	of	of	ADP
ajfa-8356	178	12	(	(	PUNCT
ajfa-8356	178	13	rm	rm	NOUN
ajfa-8356	178	14	-	-	PUNCT
ajfa-8356	178	15	rf	rf	NOUN
ajfa-8356	178	16	)	)	PUNCT
ajfa-8356	178	17	in	in	ADP
ajfa-8356	178	18	table	table	NOUN
ajfa-8356	178	19	1	1	NUM
ajfa-8356	178	20	,	,	PUNCT
ajfa-8356	178	21	the	the	DET
ajfa-8356	178	22	results	result	NOUN
ajfa-8356	178	23	indicate	indicate	VERB
ajfa-8356	178	24	that	that	SCONJ
ajfa-8356	178	25	in	in	ADP
ajfa-8356	178	26	majority	majority	NOUN
ajfa-8356	178	27	(	(	PUNCT
ajfa-8356	178	28	76.96	76.96	NUM
ajfa-8356	178	29	%	%	NOUN
ajfa-8356	178	30	)	)	PUNCT
ajfa-8356	178	31	of	of	ADP
ajfa-8356	178	32	the	the	DET
ajfa-8356	178	33	years	year	NOUN
ajfa-8356	178	34	,	,	PUNCT
ajfa-8356	178	35	α	α	PRON
ajfa-8356	178	36	value	value	NOUN
ajfa-8356	178	37	is	be	AUX
ajfa-8356	178	38	not	not	PART
ajfa-8356	178	39	significantly	significantly	ADV
ajfa-8356	178	40	different	different	ADJ
ajfa-8356	178	41	from	from	ADP
ajfa-8356	178	42	zero	zero	NUM
ajfa-8356	178	43	and	and	CCONJ
ajfa-8356	178	44	therefore	therefore	ADV
ajfa-8356	178	45	,	,	PUNCT
ajfa-8356	178	46	the	the	DET
ajfa-8356	178	47	null	null	ADJ
ajfa-8356	178	48	hypothesis	hypothesis	NOUN
ajfa-8356	178	49	is	be	AUX
ajfa-8356	178	50	accepted	accept	VERB
ajfa-8356	178	51	.	.	PUNCT
ajfa-8356	179	1	the	the	DET
ajfa-8356	179	2	(	(	PUNCT
ajfa-8356	179	3	rm	rm	NOUN
ajfa-8356	179	4	-	-	PUNCT
ajfa-8356	179	5	rf	rf	NOUN
ajfa-8356	179	6	)	)	PUNCT
ajfa-8356	179	7	slope	slope	NOUN
ajfa-8356	179	8	coefficients	coefficient	NOUN
ajfa-8356	179	9	test	test	NOUN
ajfa-8356	179	10	shows	show	VERB
ajfa-8356	179	11	that	that	SCONJ
ajfa-8356	179	12	in	in	ADP
ajfa-8356	179	13	all	all	DET
ajfa-8356	179	14	the	the	DET
ajfa-8356	179	15	years	year	NOUN
ajfa-8356	179	16	,	,	PUNCT
ajfa-8356	179	17	the	the	DET
ajfa-8356	179	18	slope	slope	NOUN
ajfa-8356	179	19	coefficient	coefficient	NOUN
ajfa-8356	179	20	is	be	AUX
ajfa-8356	179	21	not	not	PART
ajfa-8356	179	22	significantly	significantly	ADV
ajfa-8356	179	23	different	different	ADJ
ajfa-8356	179	24	from	from	ADP
ajfa-8356	179	25	zero	zero	NUM
ajfa-8356	179	26	.	.	PUNCT
ajfa-8356	180	1	therefore	therefore	ADV
ajfa-8356	180	2	,	,	PUNCT
ajfa-8356	180	3	we	we	PRON
ajfa-8356	180	4	accept	accept	VERB
ajfa-8356	180	5	the	the	DET
ajfa-8356	180	6	null	null	ADJ
ajfa-8356	180	7	hypothesis	hypothesis	NOUN
ajfa-8356	180	8	that	that	SCONJ
ajfa-8356	180	9	(	(	PUNCT
ajfa-8356	180	10	rm	rm	NOUN
ajfa-8356	180	11	-	-	PUNCT
ajfa-8356	180	12	rf	rf	NOUN
ajfa-8356	180	13	)	)	PUNCT
ajfa-8356	180	14	is	be	AUX
ajfa-8356	180	15	not	not	PART
ajfa-8356	180	16	a	a	DET
ajfa-8356	180	17	significant	significant	ADJ
ajfa-8356	180	18	determinant	determinant	NOUN
ajfa-8356	180	19	of	of	ADP
ajfa-8356	180	20	portfolio	portfolio	NOUN
ajfa-8356	180	21	returns	return	NOUN
ajfa-8356	180	22	.	.	PUNCT
ajfa-8356	181	1	the	the	DET
ajfa-8356	181	2	f	f	NOUN
ajfa-8356	181	3	-	-	PUNCT
ajfa-8356	181	4	test	test	NOUN
ajfa-8356	181	5	results	result	NOUN
ajfa-8356	181	6	indicate	indicate	VERB
ajfa-8356	181	7	that	that	SCONJ
ajfa-8356	181	8	in	in	ADP
ajfa-8356	181	9	all	all	DET
ajfa-8356	181	10	the	the	DET
ajfa-8356	181	11	years	year	NOUN
ajfa-8356	181	12	p	p	NOUN
ajfa-8356	181	13	-	-	PUNCT
ajfa-8356	181	14	values	value	NOUN
ajfa-8356	181	15	are	be	AUX
ajfa-8356	181	16	more	more	ADJ
ajfa-8356	181	17	than	than	ADP
ajfa-8356	181	18	0.05	0.05	NUM
ajfa-8356	181	19	.	.	PUNCT
ajfa-8356	182	1	this	this	PRON
ajfa-8356	182	2	indicates	indicate	VERB
ajfa-8356	182	3	that	that	SCONJ
ajfa-8356	182	4	the	the	DET
ajfa-8356	182	5	regression	regression	NOUN
ajfa-8356	182	6	is	be	AUX
ajfa-8356	182	7	a	a	DET
ajfa-8356	182	8	not	not	PART
ajfa-8356	182	9	good	good	ADJ
ajfa-8356	182	10	fit	fit	NOUN
ajfa-8356	182	11	for	for	ADP
ajfa-8356	182	12	all	all	DET
ajfa-8356	182	13	the	the	DET
ajfa-8356	182	14	years	year	NOUN
ajfa-8356	182	15	.	.	PUNCT
ajfa-8356	183	1	this	this	PRON
ajfa-8356	183	2	concludes	conclude	VERB
ajfa-8356	183	3	that	that	SCONJ
ajfa-8356	183	4	the	the	DET
ajfa-8356	183	5	independent	independent	ADJ
ajfa-8356	183	6	variable	variable	NOUN
ajfa-8356	183	7	(	(	PUNCT
ajfa-8356	183	8	rm	rm	NOUN
ajfa-8356	183	9	-	-	PUNCT
ajfa-8356	183	10	rf	rf	NOUN
ajfa-8356	183	11	)	)	PUNCT
ajfa-8356	183	12	does	do	AUX
ajfa-8356	183	13	not	not	PART
ajfa-8356	183	14	explain	explain	VERB
ajfa-8356	183	15	the	the	DET
ajfa-8356	183	16	variation	variation	NOUN
ajfa-8356	183	17	in	in	ADP
ajfa-8356	183	18	the	the	DET
ajfa-8356	183	19	dependent	dependent	ADJ
ajfa-8356	183	20	variable	variable	NOUN
ajfa-8356	183	21	.	.	PUNCT
ajfa-8356	184	1	table	table	NOUN
ajfa-8356	184	2	2	2	NUM
ajfa-8356	184	3	.	.	PUNCT
ajfa-8356	185	1	the	the	DET
ajfa-8356	185	2	test	test	NOUN
ajfa-8356	185	3	for	for	ADP
ajfa-8356	185	4	alpha	alpha	NOUN
ajfa-8356	185	5	and	and	CCONJ
ajfa-8356	185	6	the	the	DET
ajfa-8356	185	7	slope	slope	NOUN
ajfa-8356	185	8	co	co	NOUN
ajfa-8356	185	9	-	-	ADJ
ajfa-8356	185	10	efficient	efficient	ADJ
ajfa-8356	185	11	of	of	ADP
ajfa-8356	185	12	(	(	PUNCT
ajfa-8356	185	13	rm	rm	NOUN
ajfa-8356	185	14	-	-	PUNCT
ajfa-8356	185	15	rf	rf	NOUN
ajfa-8356	185	16	)	)	PUNCT
ajfa-8356	185	17	p	p	NOUN
ajfa-8356	185	18	-	-	PUNCT
ajfa-8356	185	19	value	value	NOUN
ajfa-8356	185	20	α	α	DET
ajfa-8356	185	21	p	p	NOUN
ajfa-8356	185	22	-	-	PUNCT
ajfa-8356	185	23	value	value	NOUN
ajfa-8356	185	24	(	(	PUNCT
ajfa-8356	185	25	rm	rm	NOUN
ajfa-8356	185	26	-	-	PUNCT
ajfa-8356	185	27	rf	rf	NOUN
ajfa-8356	185	28	)	)	PUNCT
ajfa-8356	185	29	sig	sig	NOUN
ajfa-8356	185	30	f	f	NOUN
ajfa-8356	185	31	status	status	NOUN
ajfa-8356	185	32	of	of	ADP
ajfa-8356	185	33	p	p	NOUN
ajfa-8356	185	34	values	value	NOUN
ajfa-8356	185	35	76.9231779	76.9231779	NUM
ajfa-8356	185	36	91.666777	91.666777	NUM
ajfa-8356	185	37	84.62539	84.62539	NUM
ajfa-8356	185	38	per	per	ADP
ajfa-8356	185	39	n<0.05	n<0.05	NOUN
ajfa-8356	185	40	23.0769332	23.0769332	NUM
ajfa-8356	185	41	8.3333443	8.3333443	NUM
ajfa-8356	185	42	15.39461	15.39461	NUM
ajfa-8356	185	43	per	per	ADP
ajfa-8356	185	44	n>0.05	n>0.05	PROPN
ajfa-8356	185	45	in	in	ADP
ajfa-8356	185	46	table	table	NOUN
ajfa-8356	185	47	2	2	NUM
ajfa-8356	185	48	,	,	PUNCT
ajfa-8356	185	49	the	the	DET
ajfa-8356	185	50	results	result	NOUN
ajfa-8356	185	51	indicate	indicate	VERB
ajfa-8356	185	52	that	that	SCONJ
ajfa-8356	185	53	in	in	ADP
ajfa-8356	185	54	majority	majority	NOUN
ajfa-8356	185	55	(	(	PUNCT
ajfa-8356	185	56	76.99	76.99	NUM
ajfa-8356	185	57	%	%	NOUN
ajfa-8356	185	58	)	)	PUNCT
ajfa-8356	185	59	of	of	ADP
ajfa-8356	185	60	the	the	DET
ajfa-8356	185	61	years	year	NOUN
ajfa-8356	185	62	,	,	PUNCT
ajfa-8356	185	63	α	α	PRON
ajfa-8356	185	64	value	value	NOUN
ajfa-8356	185	65	is	be	AUX
ajfa-8356	185	66	significantly	significantly	ADV
ajfa-8356	185	67	different	different	ADJ
ajfa-8356	185	68	from	from	ADP
ajfa-8356	185	69	zero	zero	NUM
ajfa-8356	185	70	and	and	CCONJ
ajfa-8356	185	71	therefore	therefore	ADV
ajfa-8356	185	72	,	,	PUNCT
ajfa-8356	185	73	the	the	DET
ajfa-8356	185	74	null	null	ADJ
ajfa-8356	185	75	hypothesis	hypothesis	NOUN
ajfa-8356	185	76	is	be	AUX
ajfa-8356	185	77	rejected	reject	VERB
ajfa-8356	185	78	.	.	PUNCT
ajfa-8356	186	1	the	the	DET
ajfa-8356	186	2	(	(	PUNCT
ajfa-8356	186	3	rm	rm	NOUN
ajfa-8356	186	4	-	-	PUNCT
ajfa-8356	186	5	rf	rf	NOUN
ajfa-8356	186	6	)	)	PUNCT
ajfa-8356	186	7	slope	slope	NOUN
ajfa-8356	186	8	coefficient	coefficient	NOUN
ajfa-8356	186	9	test	test	NOUN
ajfa-8356	186	10	shows	show	VERB
ajfa-8356	186	11	that	that	SCONJ
ajfa-8356	186	12	in	in	ADP
ajfa-8356	186	13	majority	majority	NOUN
ajfa-8356	186	14	(	(	PUNCT
ajfa-8356	186	15	91.78	91.78	NUM
ajfa-8356	186	16	%	%	NOUN
ajfa-8356	186	17	)	)	PUNCT
ajfa-8356	186	18	of	of	ADP
ajfa-8356	186	19	the	the	DET
ajfa-8356	186	20	years	year	NOUN
ajfa-8356	186	21	,	,	PUNCT
ajfa-8356	186	22	the	the	DET
ajfa-8356	186	23	slope	slope	NOUN
ajfa-8356	186	24	coefficient	coefficient	NOUN
ajfa-8356	186	25	is	be	AUX
ajfa-8356	186	26	significantly	significantly	ADV
ajfa-8356	186	27	different	different	ADJ
ajfa-8356	186	28	from	from	ADP
ajfa-8356	186	29	zero	zero	NUM
ajfa-8356	186	30	.	.	PUNCT
ajfa-8356	187	1	therefore	therefore	ADV
ajfa-8356	187	2	,	,	PUNCT
ajfa-8356	187	3	we	we	PRON
ajfa-8356	187	4	accept	accept	VERB
ajfa-8356	187	5	the	the	DET
ajfa-8356	187	6	alternate	alternate	ADJ
ajfa-8356	187	7	hypothesis	hypothesis	NOUN
ajfa-8356	187	8	that	that	PRON
ajfa-8356	187	9	(	(	PUNCT
ajfa-8356	187	10	rm	rm	NOUN
ajfa-8356	187	11	-	-	PUNCT
ajfa-8356	187	12	rf	rf	NOUN
ajfa-8356	187	13	)	)	PUNCT
ajfa-8356	187	14	is	be	AUX
ajfa-8356	187	15	a	a	DET
ajfa-8356	187	16	significant	significant	ADJ
ajfa-8356	187	17	determinant	determinant	NOUN
ajfa-8356	187	18	of	of	ADP
ajfa-8356	187	19	portfolio	portfolio	NOUN
ajfa-8356	187	20	returns	return	NOUN
ajfa-8356	187	21	.	.	PUNCT
ajfa-8356	188	1	the	the	DET
ajfa-8356	188	2	f	f	NOUN
ajfa-8356	188	3	-	-	PUNCT
ajfa-8356	188	4	test	test	NOUN
ajfa-8356	188	5	results	result	NOUN
ajfa-8356	188	6	indicate	indicate	VERB
ajfa-8356	188	7	that	that	SCONJ
ajfa-8356	188	8	in	in	ADP
ajfa-8356	188	9	majority	majority	NOUN
ajfa-8356	188	10	(	(	PUNCT
ajfa-8356	188	11	84.62	84.62	NUM
ajfa-8356	188	12	%	%	NOUN
ajfa-8356	188	13	)	)	PUNCT
ajfa-8356	188	14	of	of	ADP
ajfa-8356	188	15	the	the	DET
ajfa-8356	188	16	years	year	NOUN
ajfa-8356	188	17	p	p	NOUN
ajfa-8356	188	18	-	-	PUNCT
ajfa-8356	188	19	values	value	NOUN
ajfa-8356	188	20	are	be	AUX
ajfa-8356	188	21	less	less	ADJ
ajfa-8356	188	22	than	than	ADP
ajfa-8356	188	23	0.05	0.05	NUM
ajfa-8356	188	24	.	.	PUNCT
ajfa-8356	189	1	this	this	PRON
ajfa-8356	189	2	indicates	indicate	VERB
ajfa-8356	189	3	that	that	SCONJ
ajfa-8356	189	4	the	the	DET
ajfa-8356	189	5	regression	regression	NOUN
ajfa-8356	189	6	is	be	AUX
ajfa-8356	189	7	a	a	DET
ajfa-8356	189	8	good	good	ADJ
ajfa-8356	189	9	fit	fit	NOUN
ajfa-8356	189	10	for	for	ADP
ajfa-8356	189	11	majority	majority	NOUN
ajfa-8356	189	12	of	of	ADP
ajfa-8356	189	13	the	the	DET
ajfa-8356	189	14	years	year	NOUN
ajfa-8356	189	15	.	.	PUNCT
ajfa-8356	190	1	this	this	PRON
ajfa-8356	190	2	leads	lead	VERB
ajfa-8356	190	3	to	to	ADP
ajfa-8356	190	4	conclusion	conclusion	NOUN
ajfa-8356	190	5	that	that	SCONJ
ajfa-8356	190	6	the	the	DET
ajfa-8356	190	7	(	(	PUNCT
ajfa-8356	190	8	rm	rm	NOUN
ajfa-8356	190	9	-	-	PUNCT
ajfa-8356	190	10	rf	rf	NOUN
ajfa-8356	190	11	)	)	PUNCT
ajfa-8356	190	12	explains	explain	VERB
ajfa-8356	190	13	the	the	DET
ajfa-8356	190	14	variation	variation	NOUN
ajfa-8356	190	15	in	in	ADP
ajfa-8356	190	16	the	the	DET
ajfa-8356	190	17	portfolio	portfolio	NOUN
ajfa-8356	190	18	returns	return	NOUN
ajfa-8356	190	19	.	.	PUNCT
ajfa-8356	191	1	6.2	6.2	NUM
ajfa-8356	191	2	cross	cross	ADJ
ajfa-8356	191	3	-	-	ADJ
ajfa-8356	191	4	sectional	sectional	ADJ
ajfa-8356	191	5	regression	regression	NOUN
ajfa-8356	191	6	results	result	NOUN
ajfa-8356	191	7	of	of	ADP
ajfa-8356	191	8	percentage	percentage	NOUN
ajfa-8356	191	9	returns	return	NOUN
ajfa-8356	191	10	with	with	ADP
ajfa-8356	191	11	equally	equally	ADV
ajfa-8356	191	12	weighted	weight	VERB
ajfa-8356	191	13	portfolios	portfolio	NOUN
ajfa-8356	191	14	:	:	PUNCT
ajfa-8356	191	15	year	year	NOUN
ajfa-8356	191	16	wise	wise	ADJ
ajfa-8356	191	17	analysis	analysis	NOUN
ajfa-8356	191	18	based	base	VERB
ajfa-8356	191	19	on	on	ADP
ajfa-8356	191	20	year	year	NOUN
ajfa-8356	191	21	t-1	t-1	PROPN
ajfa-8356	191	22	weights	weight	VERB
ajfa-8356	191	23	table	table	NOUN
ajfa-8356	191	24	3	3	NUM
ajfa-8356	191	25	.	.	PUNCT
ajfa-8356	192	1	the	the	DET
ajfa-8356	192	2	test	test	NOUN
ajfa-8356	192	3	for	for	ADP
ajfa-8356	192	4	alpha	alpha	NOUN
ajfa-8356	192	5	and	and	CCONJ
ajfa-8356	192	6	the	the	DET
ajfa-8356	192	7	slope	slope	NOUN
ajfa-8356	192	8	co	co	NOUN
ajfa-8356	192	9	-	-	ADJ
ajfa-8356	192	10	efficient	efficient	ADJ
ajfa-8356	192	11	of	of	ADP
ajfa-8356	192	12	beta	beta	ADJ
ajfa-8356	192	13	p	p	NOUN
ajfa-8356	192	14	-	-	PUNCT
ajfa-8356	192	15	value	value	NOUN
ajfa-8356	192	16	α	α	DET
ajfa-8356	192	17	p	p	NOUN
ajfa-8356	192	18	-	-	PUNCT
ajfa-8356	192	19	value	value	NOUN
ajfa-8356	192	20	βp	βp	INTJ
ajfa-8356	192	21	sig	sig	NOUN
ajfa-8356	192	22	f	f	PROPN
ajfa-8356	192	23	status	status	NOUN
ajfa-8356	192	24	of	of	ADP
ajfa-8356	192	25	p	p	NOUN
ajfa-8356	192	26	values	value	NOUN
ajfa-8356	192	27	53.8461648	53.8461648	NUM
ajfa-8356	192	28	7.6923237	7.6923237	NUM
ajfa-8356	192	29	7.692128	7.692128	NUM
ajfa-8356	192	30	%	%	NOUN
ajfa-8356	192	31	n<0.05	n<0.05	NOUN
ajfa-8356	192	32	46.1539262	46.1539262	NUM
ajfa-8356	192	33	92.365692	92.365692	NUM
ajfa-8356	192	34	92.31869	92.31869	NUM
ajfa-8356	192	35	%	%	NOUN
ajfa-8356	192	36	n>0.05	n>0.05	NOUN
ajfa-8356	192	37	in	in	ADP
ajfa-8356	192	38	table	table	NOUN
ajfa-8356	192	39	3	3	NUM
ajfa-8356	192	40	,	,	PUNCT
ajfa-8356	192	41	the	the	DET
ajfa-8356	192	42	results	result	NOUN
ajfa-8356	192	43	indicate	indicate	VERB
ajfa-8356	192	44	that	that	SCONJ
ajfa-8356	192	45	in	in	ADP
ajfa-8356	192	46	majority	majority	NOUN
ajfa-8356	192	47	(	(	PUNCT
ajfa-8356	192	48	54.24	54.24	NUM
ajfa-8356	192	49	%	%	NOUN
ajfa-8356	192	50	)	)	PUNCT
ajfa-8356	192	51	of	of	ADP
ajfa-8356	192	52	the	the	DET
ajfa-8356	192	53	years	year	NOUN
ajfa-8356	192	54	,	,	PUNCT
ajfa-8356	192	55	α	α	PRON
ajfa-8356	192	56	value	value	NOUN
ajfa-8356	192	57	is	be	AUX
ajfa-8356	192	58	significantly	significantly	ADV
ajfa-8356	192	59	different	different	ADJ
ajfa-8356	192	60	from	from	ADP
ajfa-8356	192	61	zero	zero	NUM
ajfa-8356	192	62	and	and	CCONJ
ajfa-8356	192	63	therefore	therefore	ADV
ajfa-8356	192	64	,	,	PUNCT
ajfa-8356	192	65	the	the	DET
ajfa-8356	192	66	null	null	ADJ
ajfa-8356	192	67	hypothesis	hypothesis	NOUN
ajfa-8356	192	68	is	be	AUX
ajfa-8356	192	69	rejected	reject	VERB
ajfa-8356	192	70	.	.	PUNCT
ajfa-8356	193	1	the	the	DET
ajfa-8356	193	2	βp	βp	PROPN
ajfa-8356	193	3	slope	slope	NOUN
ajfa-8356	193	4	coefficient	coefficient	PROPN
ajfa-8356	193	5	test	test	NOUN
ajfa-8356	193	6	shows	show	VERB
ajfa-8356	193	7	that	that	SCONJ
ajfa-8356	193	8	in	in	ADP
ajfa-8356	193	9	majority	majority	NOUN
ajfa-8356	193	10	(	(	PUNCT
ajfa-8356	193	11	93.22	93.22	NUM
ajfa-8356	193	12	%	%	NOUN
ajfa-8356	193	13	)	)	PUNCT
ajfa-8356	193	14	of	of	ADP
ajfa-8356	193	15	the	the	DET
ajfa-8356	193	16	years	year	NOUN
ajfa-8356	193	17	,	,	PUNCT
ajfa-8356	193	18	the	the	DET
ajfa-8356	193	19	slope	slope	NOUN
ajfa-8356	193	20	coefficient	coefficient	NOUN
ajfa-8356	193	21	is	be	AUX
ajfa-8356	193	22	equal	equal	ADJ
ajfa-8356	193	23	to	to	ADP
ajfa-8356	193	24	zero	zero	NUM
ajfa-8356	193	25	.	.	PUNCT
ajfa-8356	194	1	on	on	ADP
ajfa-8356	194	2	basis	basis	NOUN
ajfa-8356	194	3	of	of	ADP
ajfa-8356	194	4	the	the	DET
ajfa-8356	194	5	results	result	NOUN
ajfa-8356	194	6	we	we	PRON
ajfa-8356	194	7	accept	accept	VERB
ajfa-8356	194	8	the	the	DET
ajfa-8356	194	9	null	null	ADJ
ajfa-8356	194	10	hypothesis	hypothesis	NOUN
ajfa-8356	194	11	that	that	PRON
ajfa-8356	194	12	beta	beta	NOUN
ajfa-8356	194	13	of	of	ADP
ajfa-8356	194	14	the	the	DET
ajfa-8356	194	15	portfolio	portfolio	NOUN
ajfa-8356	194	16	is	be	AUX
ajfa-8356	194	17	not	not	PART
ajfa-8356	194	18	a	a	DET
ajfa-8356	194	19	significant	significant	ADJ
ajfa-8356	194	20	p	p	ADJ
ajfa-8356	194	21	-	-	PUNCT
ajfa-8356	194	22	value	value	NOUN
ajfa-8356	194	23	α	α	DET
ajfa-8356	194	24	p	p	NOUN
ajfa-8356	194	25	-	-	PUNCT
ajfa-8356	194	26	value	value	NOUN
ajfa-8356	194	27	(	(	PUNCT
ajfa-8356	194	28	rm	rm	NOUN
ajfa-8356	194	29	-	-	PUNCT
ajfa-8356	194	30	rf	rf	NOUN
ajfa-8356	194	31	)	)	PUNCT
ajfa-8356	194	32	sig	sig	NOUN
ajfa-8356	194	33	f	f	NOUN
ajfa-8356	194	34	status	status	NOUN
ajfa-8356	194	35	of	of	ADP
ajfa-8356	194	36	p	p	NOUN
ajfa-8356	194	37	values	value	NOUN
ajfa-8356	194	38	23.0779233	23.0779233	NUM
ajfa-8356	194	39	0	0	NUM
ajfa-8356	194	40	0	0	NUM
ajfa-8356	194	41	per	per	ADP
ajfa-8356	194	42	n<0.05	n<0.05	NOUN
ajfa-8356	194	43	76.9231767	76.9231767	NUM
ajfa-8356	194	44	100	100	NUM
ajfa-8356	194	45	100	100	NUM
ajfa-8356	194	46	per	per	ADP
ajfa-8356	194	47	n>0.05	n>0.05	PROPN
ajfa-8356	194	48	asian	asian	ADJ
ajfa-8356	194	49	journal	journal	NOUN
ajfa-8356	194	50	of	of	ADP
ajfa-8356	194	51	finance	finance	PROPN
ajfa-8356	194	52	&	&	CCONJ
ajfa-8356	194	53	accounting	accounting	PROPN
ajfa-8356	194	54	issn	issn	PROPN
ajfa-8356	194	55	1946	1946	NUM
ajfa-8356	194	56	-	-	PUNCT
ajfa-8356	194	57	052x	052x	NOUN
ajfa-8356	194	58	2015	2015	NUM
ajfa-8356	194	59	,	,	PUNCT
ajfa-8356	194	60	vol	vol	NOUN
ajfa-8356	194	61	.	.	PROPN
ajfa-8356	194	62	7	7	NUM
ajfa-8356	194	63	,	,	PUNCT
ajfa-8356	194	64	no	no	INTJ
ajfa-8356	194	65	.	.	NOUN
ajfa-8356	194	66	2	2	NUM
ajfa-8356	194	67	116	116	NUM
ajfa-8356	194	68	determinant	determinant	ADJ
ajfa-8356	194	69	of	of	ADP
ajfa-8356	194	70	returns	return	NOUN
ajfa-8356	194	71	of	of	ADP
ajfa-8356	194	72	the	the	DET
ajfa-8356	194	73	portfolio	portfolio	NOUN
ajfa-8356	194	74	.	.	PUNCT
ajfa-8356	195	1	the	the	DET
ajfa-8356	195	2	f	f	NOUN
ajfa-8356	195	3	-	-	PUNCT
ajfa-8356	195	4	test	test	NOUN
ajfa-8356	195	5	results	result	NOUN
ajfa-8356	195	6	indicate	indicate	VERB
ajfa-8356	195	7	that	that	SCONJ
ajfa-8356	195	8	in	in	ADP
ajfa-8356	195	9	majority	majority	NOUN
ajfa-8356	195	10	(	(	PUNCT
ajfa-8356	195	11	93.22	93.22	NUM
ajfa-8356	195	12	%	%	NOUN
ajfa-8356	195	13	)	)	PUNCT
ajfa-8356	195	14	of	of	ADP
ajfa-8356	195	15	the	the	DET
ajfa-8356	195	16	years	year	NOUN
ajfa-8356	195	17	p	p	NOUN
ajfa-8356	195	18	-	-	PUNCT
ajfa-8356	195	19	values	value	NOUN
ajfa-8356	195	20	are	be	AUX
ajfa-8356	195	21	more	more	ADJ
ajfa-8356	195	22	than	than	ADP
ajfa-8356	195	23	0.05	0.05	NUM
ajfa-8356	195	24	and	and	CCONJ
ajfa-8356	195	25	support	support	VERB
ajfa-8356	195	26	the	the	DET
ajfa-8356	195	27	argument	argument	NOUN
ajfa-8356	195	28	that	that	SCONJ
ajfa-8356	195	29	the	the	DET
ajfa-8356	195	30	portfolio	portfolio	NOUN
ajfa-8356	195	31	beta	beta	NOUN
ajfa-8356	195	32	does	do	AUX
ajfa-8356	195	33	not	not	PART
ajfa-8356	195	34	explain	explain	VERB
ajfa-8356	195	35	the	the	DET
ajfa-8356	195	36	variation	variation	NOUN
ajfa-8356	195	37	in	in	ADP
ajfa-8356	195	38	the	the	DET
ajfa-8356	195	39	portfolio	portfolio	NOUN
ajfa-8356	195	40	returns	return	NOUN
ajfa-8356	195	41	.	.	PUNCT
ajfa-8356	196	1	table	table	NOUN
ajfa-8356	196	2	4	4	NUM
ajfa-8356	196	3	.	.	PUNCT
ajfa-8356	197	1	the	the	DET
ajfa-8356	197	2	test	test	NOUN
ajfa-8356	197	3	for	for	ADP
ajfa-8356	197	4	alpha	alpha	NOUN
ajfa-8356	197	5	and	and	CCONJ
ajfa-8356	197	6	the	the	DET
ajfa-8356	197	7	slope	slope	NOUN
ajfa-8356	197	8	co	co	NOUN
ajfa-8356	197	9	-	-	ADJ
ajfa-8356	197	10	efficient	efficient	ADJ
ajfa-8356	197	11	of	of	ADP
ajfa-8356	197	12	eps	eps	PROPN
ajfa-8356	197	13	/	/	SYM
ajfa-8356	197	14	price	price	NOUN
ajfa-8356	197	15	p	p	NOUN
ajfa-8356	197	16	-	-	PUNCT
ajfa-8356	197	17	value	value	NOUN
ajfa-8356	197	18	α	α	DET
ajfa-8356	197	19	p	p	ADJ
ajfa-8356	197	20	-	-	PUNCT
ajfa-8356	197	21	value	value	NOUN
ajfa-8356	197	22	eps	eps	PROPN
ajfa-8356	197	23	/	/	SYM
ajfa-8356	197	24	price	price	NOUN
ajfa-8356	197	25	sig	sig	NOUN
ajfa-8356	197	26	f	f	PROPN
ajfa-8356	197	27	status	status	NOUN
ajfa-8356	197	28	of	of	ADP
ajfa-8356	197	29	p	p	NOUN
ajfa-8356	197	30	values	value	NOUN
ajfa-8356	197	31	53.8461478	53.8461478	NUM
ajfa-8356	197	32	7.6922137	7.6922137	NUM
ajfa-8356	197	33	7.6832308	7.6832308	NUM
ajfa-8356	197	34	%	%	NOUN
ajfa-8356	197	35	n<0.05	n<0.05	NOUN
ajfa-8356	197	36	46.1865456	46.1865456	NUM
ajfa-8356	197	37	92.318692	92.318692	NUM
ajfa-8356	197	38	92.29869	92.29869	NUM
ajfa-8356	197	39	%	%	NOUN
ajfa-8356	197	40	n>0.05	n>0.05	PROPN
ajfa-8356	197	41	the	the	DET
ajfa-8356	197	42	results	result	NOUN
ajfa-8356	197	43	presented	present	VERB
ajfa-8356	197	44	in	in	ADP
ajfa-8356	197	45	the	the	DET
ajfa-8356	197	46	table	table	NOUN
ajfa-8356	197	47	4	4	NUM
ajfa-8356	197	48	indicate	indicate	VERB
ajfa-8356	197	49	that	that	SCONJ
ajfa-8356	197	50	in	in	ADP
ajfa-8356	197	51	majority	majority	NOUN
ajfa-8356	197	52	(	(	PUNCT
ajfa-8356	197	53	55.91	55.91	NUM
ajfa-8356	197	54	%	%	NOUN
ajfa-8356	197	55	)	)	PUNCT
ajfa-8356	197	56	of	of	ADP
ajfa-8356	197	57	the	the	DET
ajfa-8356	197	58	years	year	NOUN
ajfa-8356	197	59	,	,	PUNCT
ajfa-8356	197	60	α	α	PRON
ajfa-8356	197	61	value	value	NOUN
ajfa-8356	197	62	is	be	AUX
ajfa-8356	197	63	significantly	significantly	ADV
ajfa-8356	197	64	different	different	ADJ
ajfa-8356	197	65	from	from	ADP
ajfa-8356	197	66	zero	zero	NUM
ajfa-8356	197	67	and	and	CCONJ
ajfa-8356	197	68	therefore	therefore	ADV
ajfa-8356	197	69	,	,	PUNCT
ajfa-8356	197	70	the	the	DET
ajfa-8356	197	71	null	null	ADJ
ajfa-8356	197	72	hypothesis	hypothesis	NOUN
ajfa-8356	197	73	is	be	AUX
ajfa-8356	197	74	rejected	reject	VERB
ajfa-8356	197	75	.	.	PUNCT
ajfa-8356	198	1	the	the	DET
ajfa-8356	198	2	p	p	NOUN
ajfa-8356	198	3	-	-	PUNCT
ajfa-8356	198	4	values	value	NOUN
ajfa-8356	198	5	of	of	ADP
ajfa-8356	198	6	eps	eps	NOUN
ajfa-8356	198	7	/	/	SYM
ajfa-8356	198	8	price	price	NOUN
ajfa-8356	198	9	slope	slope	NOUN
ajfa-8356	198	10	coefficients	coefficient	NOUN
ajfa-8356	198	11	are	be	AUX
ajfa-8356	198	12	more	more	ADJ
ajfa-8356	198	13	than	than	ADP
ajfa-8356	198	14	the	the	DET
ajfa-8356	198	15	level	level	NOUN
ajfa-8356	198	16	of	of	ADP
ajfa-8356	198	17	significance	significance	NOUN
ajfa-8356	198	18	in	in	ADP
ajfa-8356	198	19	majority	majority	NOUN
ajfa-8356	198	20	(	(	PUNCT
ajfa-8356	198	21	91.11	91.11	NUM
ajfa-8356	198	22	%	%	NOUN
ajfa-8356	198	23	)	)	PUNCT
ajfa-8356	198	24	of	of	ADP
ajfa-8356	198	25	the	the	DET
ajfa-8356	198	26	years	year	NOUN
ajfa-8356	198	27	.	.	PUNCT
ajfa-8356	199	1	therefore	therefore	ADV
ajfa-8356	199	2	,	,	PUNCT
ajfa-8356	199	3	we	we	PRON
ajfa-8356	199	4	accept	accept	VERB
ajfa-8356	199	5	the	the	DET
ajfa-8356	199	6	null	null	ADJ
ajfa-8356	199	7	hypothesis	hypothesis	NOUN
ajfa-8356	199	8	that	that	PRON
ajfa-8356	199	9	security	security	NOUN
ajfa-8356	199	10	eps	eps	PROPN
ajfa-8356	199	11	/	/	SYM
ajfa-8356	199	12	price	price	NOUN
ajfa-8356	199	13	ratio	ratio	NOUN
ajfa-8356	199	14	is	be	AUX
ajfa-8356	199	15	not	not	PART
ajfa-8356	199	16	a	a	DET
ajfa-8356	199	17	significant	significant	ADJ
ajfa-8356	199	18	determinant	determinant	NOUN
ajfa-8356	199	19	of	of	ADP
ajfa-8356	199	20	security	security	NOUN
ajfa-8356	199	21	returns	return	NOUN
ajfa-8356	199	22	.	.	PUNCT
ajfa-8356	200	1	the	the	DET
ajfa-8356	200	2	f	f	NOUN
ajfa-8356	200	3	-	-	PUNCT
ajfa-8356	200	4	test	test	NOUN
ajfa-8356	200	5	results	result	NOUN
ajfa-8356	200	6	indicate	indicate	VERB
ajfa-8356	200	7	that	that	SCONJ
ajfa-8356	200	8	in	in	ADP
ajfa-8356	200	9	majority	majority	NOUN
ajfa-8356	200	10	(	(	PUNCT
ajfa-8356	200	11	91.11	91.11	NUM
ajfa-8356	200	12	%	%	NOUN
ajfa-8356	200	13	)	)	PUNCT
ajfa-8356	200	14	of	of	ADP
ajfa-8356	200	15	the	the	DET
ajfa-8356	200	16	years	year	NOUN
ajfa-8356	200	17	p	p	NOUN
ajfa-8356	200	18	-	-	PUNCT
ajfa-8356	200	19	values	value	NOUN
ajfa-8356	200	20	are	be	AUX
ajfa-8356	200	21	more	more	ADJ
ajfa-8356	200	22	than	than	ADP
ajfa-8356	200	23	0.05	0.05	NUM
ajfa-8356	200	24	.	.	PUNCT
ajfa-8356	201	1	this	this	PRON
ajfa-8356	201	2	supports	support	VERB
ajfa-8356	201	3	the	the	DET
ajfa-8356	201	4	argument	argument	NOUN
ajfa-8356	201	5	that	that	SCONJ
ajfa-8356	201	6	the	the	DET
ajfa-8356	201	7	eps	eps	PROPN
ajfa-8356	201	8	/	/	SYM
ajfa-8356	201	9	price	price	NOUN
ajfa-8356	201	10	ratio	ratio	NOUN
ajfa-8356	201	11	does	do	AUX
ajfa-8356	201	12	not	not	PART
ajfa-8356	201	13	explain	explain	VERB
ajfa-8356	201	14	the	the	DET
ajfa-8356	201	15	variation	variation	NOUN
ajfa-8356	201	16	in	in	ADP
ajfa-8356	201	17	the	the	DET
ajfa-8356	201	18	portfolio	portfolio	NOUN
ajfa-8356	201	19	returns	return	NOUN
ajfa-8356	201	20	.	.	PUNCT
ajfa-8356	202	1	table	table	NOUN
ajfa-8356	202	2	5	5	NUM
ajfa-8356	202	3	.	.	PUNCT
ajfa-8356	203	1	the	the	DET
ajfa-8356	203	2	test	test	NOUN
ajfa-8356	203	3	for	for	ADP
ajfa-8356	203	4	alpha	alpha	NOUN
ajfa-8356	203	5	and	and	CCONJ
ajfa-8356	203	6	the	the	DET
ajfa-8356	203	7	slope	slope	NOUN
ajfa-8356	203	8	co	co	NOUN
ajfa-8356	203	9	-	-	ADJ
ajfa-8356	203	10	efficient	efficient	ADJ
ajfa-8356	203	11	of	of	ADP
ajfa-8356	203	12	(	(	PUNCT
ajfa-8356	203	13	rm	rm	NOUN
ajfa-8356	203	14	-	-	PUNCT
ajfa-8356	203	15	rf	rf	NOUN
ajfa-8356	203	16	)	)	PUNCT
ajfa-8356	203	17	p	p	NOUN
ajfa-8356	203	18	-	-	PUNCT
ajfa-8356	203	19	value	value	NOUN
ajfa-8356	203	20	α	α	DET
ajfa-8356	203	21	p	p	NOUN
ajfa-8356	203	22	-	-	PUNCT
ajfa-8356	203	23	value	value	NOUN
ajfa-8356	203	24	(	(	PUNCT
ajfa-8356	203	25	(	(	PUNCT
ajfa-8356	203	26	rm	rm	NOUN
ajfa-8356	203	27	-	-	PUNCT
ajfa-8356	203	28	rf	rf	NOUN
ajfa-8356	203	29	)	)	PUNCT
ajfa-8356	203	30	)	)	PUNCT
ajfa-8356	204	1	sig	sig	NOUN
ajfa-8356	204	2	f	f	PROPN
ajfa-8356	204	3	status	status	NOUN
ajfa-8356	204	4	of	of	ADP
ajfa-8356	204	5	p	p	NOUN
ajfa-8356	204	6	values	value	NOUN
ajfa-8356	204	7	23.1669229	23.1669229	NUM
ajfa-8356	204	8	0	0	NUM
ajfa-8356	204	9	0	0	NUM
ajfa-8356	204	10	per	per	ADP
ajfa-8356	204	11	n<0.05	n<0.05	NOUN
ajfa-8356	204	12	76.9229669	76.9229669	NUM
ajfa-8356	204	13	100	100	NUM
ajfa-8356	204	14	100	100	NUM
ajfa-8356	204	15	per	per	ADP
ajfa-8356	204	16	n>0.05	n>0.05	PROPN
ajfa-8356	204	17	the	the	DET
ajfa-8356	204	18	results	result	NOUN
ajfa-8356	204	19	presented	present	VERB
ajfa-8356	204	20	in	in	ADP
ajfa-8356	204	21	the	the	DET
ajfa-8356	204	22	table	table	NOUN
ajfa-8356	204	23	5	5	NUM
ajfa-8356	204	24	indicate	indicate	VERB
ajfa-8356	204	25	that	that	SCONJ
ajfa-8356	204	26	in	in	ADP
ajfa-8356	204	27	majority	majority	NOUN
ajfa-8356	204	28	(	(	PUNCT
ajfa-8356	204	29	77.96	77.96	NUM
ajfa-8356	204	30	%	%	NOUN
ajfa-8356	204	31	)	)	PUNCT
ajfa-8356	204	32	of	of	ADP
ajfa-8356	204	33	the	the	DET
ajfa-8356	204	34	years	year	NOUN
ajfa-8356	204	35	,	,	PUNCT
ajfa-8356	204	36	α	α	PRON
ajfa-8356	204	37	value	value	NOUN
ajfa-8356	204	38	is	be	AUX
ajfa-8356	204	39	not	not	PART
ajfa-8356	204	40	significantly	significantly	ADV
ajfa-8356	204	41	different	different	ADJ
ajfa-8356	204	42	from	from	ADP
ajfa-8356	204	43	zero	zero	NUM
ajfa-8356	204	44	and	and	CCONJ
ajfa-8356	204	45	therefore	therefore	ADV
ajfa-8356	204	46	,	,	PUNCT
ajfa-8356	204	47	the	the	DET
ajfa-8356	204	48	null	null	ADJ
ajfa-8356	204	49	hypothesis	hypothesis	NOUN
ajfa-8356	204	50	is	be	AUX
ajfa-8356	204	51	accepted	accept	VERB
ajfa-8356	204	52	.	.	PUNCT
ajfa-8356	205	1	the	the	DET
ajfa-8356	205	2	(	(	PUNCT
ajfa-8356	205	3	rm	rm	NOUN
ajfa-8356	205	4	-	-	PUNCT
ajfa-8356	205	5	rf	rf	NOUN
ajfa-8356	205	6	)	)	PUNCT
ajfa-8356	205	7	slope	slope	NOUN
ajfa-8356	205	8	coefficient	coefficient	NOUN
ajfa-8356	205	9	test	test	NOUN
ajfa-8356	205	10	shows	show	VERB
ajfa-8356	205	11	that	that	SCONJ
ajfa-8356	205	12	in	in	ADP
ajfa-8356	205	13	all	all	DET
ajfa-8356	205	14	the	the	DET
ajfa-8356	205	15	years	year	NOUN
ajfa-8356	205	16	,	,	PUNCT
ajfa-8356	205	17	the	the	DET
ajfa-8356	205	18	slope	slope	NOUN
ajfa-8356	205	19	coefficient	coefficient	NOUN
ajfa-8356	205	20	is	be	AUX
ajfa-8356	205	21	not	not	PART
ajfa-8356	205	22	significantly	significantly	ADV
ajfa-8356	205	23	different	different	ADJ
ajfa-8356	205	24	from	from	ADP
ajfa-8356	205	25	zero	zero	NUM
ajfa-8356	205	26	.	.	PUNCT
ajfa-8356	206	1	therefore	therefore	ADV
ajfa-8356	206	2	,	,	PUNCT
ajfa-8356	206	3	we	we	PRON
ajfa-8356	206	4	accept	accept	VERB
ajfa-8356	206	5	the	the	DET
ajfa-8356	206	6	null	null	ADJ
ajfa-8356	206	7	hypothesis	hypothesis	NOUN
ajfa-8356	206	8	that	that	SCONJ
ajfa-8356	206	9	(	(	PUNCT
ajfa-8356	206	10	rm	rm	NOUN
ajfa-8356	206	11	-	-	PUNCT
ajfa-8356	206	12	rf	rf	NOUN
ajfa-8356	206	13	)	)	PUNCT
ajfa-8356	206	14	is	be	AUX
ajfa-8356	206	15	a	a	DET
ajfa-8356	206	16	significant	significant	ADJ
ajfa-8356	206	17	determinant	determinant	NOUN
ajfa-8356	206	18	of	of	ADP
ajfa-8356	206	19	portfolio	portfolio	NOUN
ajfa-8356	206	20	returns	return	NOUN
ajfa-8356	206	21	.	.	PUNCT
ajfa-8356	207	1	7	7	X
ajfa-8356	207	2	.	.	X
ajfa-8356	207	3	conclusion	conclusion	VERB
ajfa-8356	207	4	the	the	DET
ajfa-8356	207	5	analysis	analysis	NOUN
ajfa-8356	207	6	of	of	ADP
ajfa-8356	207	7	the	the	DET
ajfa-8356	207	8	results	result	NOUN
ajfa-8356	207	9	of	of	ADP
ajfa-8356	207	10	the	the	DET
ajfa-8356	207	11	study	study	NOUN
ajfa-8356	207	12	revealed	reveal	VERB
ajfa-8356	207	13	that	that	SCONJ
ajfa-8356	207	14	many	many	ADJ
ajfa-8356	207	15	of	of	ADP
ajfa-8356	207	16	the	the	DET
ajfa-8356	207	17	independent	independent	ADJ
ajfa-8356	207	18	variables	variable	NOUN
ajfa-8356	207	19	together	together	ADV
ajfa-8356	207	20	with	with	ADP
ajfa-8356	207	21	beta	beta	NOUN
ajfa-8356	207	22	can	can	AUX
ajfa-8356	207	23	explain	explain	VERB
ajfa-8356	207	24	the	the	DET
ajfa-8356	207	25	portfolio	portfolio	NOUN
ajfa-8356	207	26	returns	return	NOUN
ajfa-8356	207	27	.	.	PUNCT
ajfa-8356	208	1	however	however	ADV
ajfa-8356	208	2	,	,	PUNCT
ajfa-8356	208	3	the	the	DET
ajfa-8356	208	4	intercept	intercept	NOUN
ajfa-8356	208	5	test	test	NOUN
ajfa-8356	208	6	reveals	reveal	VERB
ajfa-8356	208	7	that	that	SCONJ
ajfa-8356	208	8	it	it	PRON
ajfa-8356	208	9	is	be	AUX
ajfa-8356	208	10	equal	equal	ADJ
ajfa-8356	208	11	to	to	ADP
ajfa-8356	208	12	the	the	DET
ajfa-8356	208	13	risk	risk	NOUN
ajfa-8356	208	14	-	-	PUNCT
ajfa-8356	208	15	free	free	ADJ
ajfa-8356	208	16	rate	rate	NOUN
ajfa-8356	208	17	of	of	ADP
ajfa-8356	208	18	returns	return	NOUN
ajfa-8356	208	19	.	.	PUNCT
ajfa-8356	209	1	therefore	therefore	ADV
ajfa-8356	209	2	,	,	PUNCT
ajfa-8356	209	3	we	we	PRON
ajfa-8356	209	4	can	can	AUX
ajfa-8356	209	5	conclude	conclude	VERB
ajfa-8356	209	6	that	that	SCONJ
ajfa-8356	209	7	while	while	SCONJ
ajfa-8356	209	8	the	the	DET
ajfa-8356	209	9	intercept	intercept	NOUN
ajfa-8356	209	10	test	test	NOUN
ajfa-8356	209	11	of	of	ADP
ajfa-8356	209	12	capital	capital	NOUN
ajfa-8356	209	13	asset	asset	NOUN
ajfa-8356	209	14	pricing	pricing	NOUN
ajfa-8356	209	15	model	model	NOUN
ajfa-8356	209	16	proves	prove	VERB
ajfa-8356	209	17	the	the	DET
ajfa-8356	209	18	theory	theory	NOUN
ajfa-8356	209	19	,	,	PUNCT
ajfa-8356	209	20	the	the	DET
ajfa-8356	209	21	beta	beta	NOUN
ajfa-8356	209	22	test	test	NOUN
ajfa-8356	209	23	goes	go	VERB
ajfa-8356	209	24	against	against	ADP
ajfa-8356	209	25	the	the	DET
ajfa-8356	209	26	standard	standard	ADJ
ajfa-8356	209	27	theory	theory	NOUN
ajfa-8356	209	28	.	.	PUNCT
ajfa-8356	210	1	references	reference	NOUN
ajfa-8356	210	2	ansari	ansari	PROPN
ajfa-8356	210	3	,	,	PUNCT
ajfa-8356	210	4	v.a	v.a	PROPN
ajfa-8356	210	5	.	.	PROPN
ajfa-8356	210	6	(	(	PUNCT
ajfa-8356	210	7	2000	2000	NUM
ajfa-8356	210	8	)	)	PUNCT
ajfa-8356	210	9	.	.	PUNCT
ajfa-8356	211	1	capital	capital	NOUN
ajfa-8356	211	2	asset	asset	NOUN
ajfa-8356	211	3	pricing	pricing	NOUN
ajfa-8356	211	4	model	model	NOUN
ajfa-8356	211	5	:	:	PUNCT
ajfa-8356	211	6	should	should	AUX
ajfa-8356	211	7	we	we	PRON
ajfa-8356	211	8	stop	stop	VERB
ajfa-8356	211	9	using	use	VERB
ajfa-8356	211	10	it	it	PRON
ajfa-8356	211	11	?	?	PUNCT
ajfa-8356	212	1	vikalpa	vikalpa	NOUN
ajfa-8356	212	2	,	,	PUNCT
ajfa-8356	212	3	25(1	25(1	NUM
ajfa-8356	212	4	)	)	PUNCT
ajfa-8356	212	5	,	,	PUNCT
ajfa-8356	212	6	55	55	NUM
ajfa-8356	212	7	-	-	SYM
ajfa-8356	212	8	64	64	NUM
ajfa-8356	212	9	.	.	PUNCT
ajfa-8356	213	1	ball	ball	PROPN
ajfa-8356	213	2	,	,	PUNCT
ajfa-8356	213	3	r.	r.	PROPN
ajfa-8356	213	4	(	(	PUNCT
ajfa-8356	213	5	1978	1978	NUM
ajfa-8356	213	6	)	)	PUNCT
ajfa-8356	213	7	.	.	PUNCT
ajfa-8356	214	1	anomalies	anomaly	NOUN
ajfa-8356	214	2	in	in	ADP
ajfa-8356	214	3	relationships	relationship	NOUN
ajfa-8356	214	4	between	between	ADP
ajfa-8356	214	5	securities	security	NOUN
ajfa-8356	214	6	yield	yield	NOUN
ajfa-8356	214	7	and	and	CCONJ
ajfa-8356	214	8	yield	yield	NOUN
ajfa-8356	214	9	surrogates	surrogate	NOUN
ajfa-8356	214	10	.	.	PUNCT
ajfa-8356	215	1	the	the	DET
ajfa-8356	215	2	journal	journal	NOUN
ajfa-8356	215	3	of	of	ADP
ajfa-8356	215	4	financial	financial	ADJ
ajfa-8356	215	5	economics	economic	NOUN
ajfa-8356	215	6	,	,	PUNCT
ajfa-8356	215	7	6(1	6(1	NUM
ajfa-8356	215	8	)	)	PUNCT
ajfa-8356	215	9	,	,	PUNCT
ajfa-8356	215	10	103	103	NUM
ajfa-8356	215	11	-	-	SYM
ajfa-8356	215	12	126	126	NUM
ajfa-8356	215	13	.	.	PUNCT
ajfa-8356	216	1	http://dx.doi.org/10.1016/0304-405x(78)90026-0	http://dx.doi.org/10.1016/0304-405x(78)90026-0	AUX
ajfa-8356	216	2	black	black	PROPN
ajfa-8356	216	3	f.	f.	PROPN
ajfa-8356	216	4	,	,	PUNCT
ajfa-8356	216	5	jensen	jensen	PROPN
ajfa-8356	216	6	,	,	PUNCT
ajfa-8356	216	7	m.c	m.c	PROPN
ajfa-8356	216	8	.	.	PROPN
ajfa-8356	216	9	,	,	PUNCT
ajfa-8356	216	10	&	&	CCONJ
ajfa-8356	216	11	scholes	scholes	PROPN
ajfa-8356	216	12	,	,	PUNCT
ajfa-8356	216	13	m.	m.	NOUN
ajfa-8356	216	14	(	(	PUNCT
ajfa-8356	216	15	1972	1972	NUM
ajfa-8356	216	16	)	)	PUNCT
ajfa-8356	216	17	.	.	PUNCT
ajfa-8356	217	1	the	the	DET
ajfa-8356	217	2	capital	capital	NOUN
ajfa-8356	217	3	asset	asset	NOUN
ajfa-8356	217	4	pricing	pricing	NOUN
ajfa-8356	217	5	model	model	NOUN
ajfa-8356	217	6	:	:	PUNCT
ajfa-8356	217	7	some	some	DET
ajfa-8356	217	8	empirical	empirical	ADJ
ajfa-8356	217	9	tests	test	NOUN
ajfa-8356	217	10	,	,	PUNCT
ajfa-8356	217	11	in	in	ADP
ajfa-8356	217	12	jenson	jenson	PROPN
ajfa-8356	217	13	(	(	PUNCT
ajfa-8356	217	14	ed	ed	NOUN
ajfa-8356	217	15	.	.	PUNCT
ajfa-8356	217	16	)	)	PUNCT
ajfa-8356	217	17	,	,	PUNCT
ajfa-8356	217	18	studies	study	NOUN
ajfa-8356	217	19	in	in	ADP
ajfa-8356	217	20	theory	theory	NOUN
ajfa-8356	217	21	of	of	ADP
ajfa-8356	217	22	capital	capital	NOUN
ajfa-8356	217	23	markets	market	NOUN
ajfa-8356	217	24	,	,	PUNCT
ajfa-8356	217	25	new	new	PROPN
ajfa-8356	217	26	york	york	PROPN
ajfa-8356	217	27	:	:	PUNCT
ajfa-8356	217	28	praeger	praeger	NOUN
ajfa-8356	217	29	.	.	PUNCT
ajfa-8356	218	1	asian	asian	ADJ
ajfa-8356	218	2	journal	journal	PROPN
ajfa-8356	218	3	of	of	ADP
ajfa-8356	218	4	finance	finance	PROPN
ajfa-8356	218	5	&	&	CCONJ
ajfa-8356	218	6	accounting	accounting	PROPN
ajfa-8356	218	7	issn	issn	PROPN
ajfa-8356	218	8	1946	1946	NUM
ajfa-8356	218	9	-	-	PUNCT
ajfa-8356	218	10	052x	052x	NOUN
ajfa-8356	218	11	2015	2015	NUM
ajfa-8356	218	12	,	,	PUNCT
ajfa-8356	218	13	vol	vol	NOUN
ajfa-8356	218	14	.	.	PROPN
ajfa-8356	218	15	7	7	NUM
ajfa-8356	218	16	,	,	PUNCT
ajfa-8356	218	17	no	no	INTJ
ajfa-8356	218	18	.	.	NOUN
ajfa-8356	218	19	2	2	NUM
ajfa-8356	218	20	117	117	NUM
ajfa-8356	218	21	black	black	NOUN
ajfa-8356	218	22	,	,	PUNCT
ajfa-8356	218	23	f.	f.	PROPN
ajfa-8356	218	24	(	(	PUNCT
ajfa-8356	218	25	1972	1972	NUM
ajfa-8356	218	26	)	)	PUNCT
ajfa-8356	218	27	.	.	PUNCT
ajfa-8356	219	1	capital	capital	NOUN
ajfa-8356	219	2	market	market	NOUN
ajfa-8356	219	3	equilibrium	equilibrium	NOUN
ajfa-8356	219	4	and	and	CCONJ
ajfa-8356	219	5	restricted	restricted	ADJ
ajfa-8356	219	6	borrowing	borrowing	NOUN
ajfa-8356	219	7	.	.	PUNCT
ajfa-8356	220	1	journal	journal	PROPN
ajfa-8356	220	2	of	of	ADP
ajfa-8356	220	3	business	business	NOUN
ajfa-8356	220	4	,	,	PUNCT
ajfa-8356	220	5	48(3	48(3	PROPN
ajfa-8356	220	6	)	)	PUNCT
ajfa-8356	220	7	,	,	PUNCT
ajfa-8356	220	8	444	444	NUM
ajfa-8356	220	9	-	-	SYM
ajfa-8356	220	10	445	445	NUM
ajfa-8356	220	11	.	.	PUNCT
ajfa-8356	221	1	http://dx.doi.org/10.1086/295472	http://dx.doi.org/10.1086/295472	PROPN
ajfa-8356	221	2	black	black	PROPN
ajfa-8356	221	3	,	,	PUNCT
ajfa-8356	221	4	f.	f.	PROPN
ajfa-8356	221	5	(	(	PUNCT
ajfa-8356	221	6	1993	1993	NUM
ajfa-8356	221	7	)	)	PUNCT
ajfa-8356	221	8	.	.	PUNCT
ajfa-8356	222	1	beta	beta	NOUN
ajfa-8356	222	2	and	and	CCONJ
ajfa-8356	222	3	return	return	VERB
ajfa-8356	222	4	.	.	PUNCT
ajfa-8356	223	1	journal	journal	PROPN
ajfa-8356	223	2	of	of	ADP
ajfa-8356	223	3	portfolio	portfolio	NOUN
ajfa-8356	223	4	management	management	NOUN
ajfa-8356	223	5	,	,	PUNCT
ajfa-8356	223	6	20	20	NUM
ajfa-8356	223	7	,	,	PUNCT
ajfa-8356	223	8	8	8	NUM
ajfa-8356	223	9	-	-	SYM
ajfa-8356	223	10	18	18	NUM
ajfa-8356	223	11	.	.	PUNCT
ajfa-8356	224	1	http://dx.doi.org/10.3905/jpm.1993.409462	http://dx.doi.org/10.3905/jpm.1993.409462	NOUN
ajfa-8356	224	2	banz	banz	PROPN
ajfa-8356	224	3	,	,	PUNCT
ajfa-8356	224	4	r.w	r.w	PROPN
ajfa-8356	224	5	.	.	PROPN
ajfa-8356	224	6	(	(	PUNCT
ajfa-8356	224	7	1981	1981	NUM
ajfa-8356	224	8	)	)	PUNCT
ajfa-8356	224	9	.	.	PUNCT
ajfa-8356	225	1	the	the	DET
ajfa-8356	225	2	relationship	relationship	NOUN
ajfa-8356	225	3	between	between	ADP
ajfa-8356	225	4	return	return	NOUN
ajfa-8356	225	5	and	and	CCONJ
ajfa-8356	225	6	market	market	NOUN
ajfa-8356	225	7	value	value	NOUN
ajfa-8356	225	8	of	of	ADP
ajfa-8356	225	9	common	common	ADJ
ajfa-8356	225	10	stock	stock	NOUN
ajfa-8356	225	11	.	.	PUNCT
ajfa-8356	226	1	the	the	DET
ajfa-8356	226	2	journal	journal	NOUN
ajfa-8356	226	3	of	of	ADP
ajfa-8356	226	4	financial	financial	ADJ
ajfa-8356	226	5	economics	economic	NOUN
ajfa-8356	226	6	,	,	PUNCT
ajfa-8356	226	7	9	9	NUM
ajfa-8356	226	8	,	,	PUNCT
ajfa-8356	226	9	3	3	NUM
ajfa-8356	226	10	-	-	SYM
ajfa-8356	226	11	18	18	NUM
ajfa-8356	226	12	.	.	PUNCT
ajfa-8356	227	1	http://dx.doi.org/10.1016/0304-405x(81)90018-0	http://dx.doi.org/10.1016/0304-405x(81)90018-0	PROPN
ajfa-8356	227	2	brown	brown	PROPN
ajfa-8356	227	3	,	,	PUNCT
ajfa-8356	227	4	s.j	s.j	PROPN
ajfa-8356	227	5	.	.	PROPN
ajfa-8356	227	6	,	,	PUNCT
ajfa-8356	227	7	&	&	CCONJ
ajfa-8356	227	8	warner	warner	PROPN
ajfa-8356	227	9	.	.	PUNCT
ajfa-8356	228	1	(	(	PUNCT
ajfa-8356	228	2	1985	1985	NUM
ajfa-8356	228	3	)	)	PUNCT
ajfa-8356	228	4	.	.	PUNCT
ajfa-8356	229	1	using	use	VERB
ajfa-8356	229	2	daily	daily	ADJ
ajfa-8356	229	3	stock	stock	NOUN
ajfa-8356	229	4	returns	return	NOUN
ajfa-8356	229	5	:	:	PUNCT
ajfa-8356	229	6	the	the	DET
ajfa-8356	229	7	case	case	NOUN
ajfa-8356	229	8	of	of	ADP
ajfa-8356	229	9	event	event	NOUN
ajfa-8356	229	10	studies	study	NOUN
ajfa-8356	229	11	.	.	PUNCT
ajfa-8356	230	1	journal	journal	PROPN
ajfa-8356	230	2	of	of	ADP
ajfa-8356	230	3	financial	financial	ADJ
ajfa-8356	230	4	economics	economic	NOUN
ajfa-8356	230	5	,	,	PUNCT
ajfa-8356	230	6	14(2	14(2	NUM
ajfa-8356	230	7	)	)	PUNCT
ajfa-8356	230	8	,	,	PUNCT
ajfa-8356	230	9	3	3	NUM
ajfa-8356	230	10	-	-	SYM
ajfa-8356	230	11	31	31	NUM
ajfa-8356	230	12	.	.	PUNCT
ajfa-8356	231	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-8356	231	2	connon	connon	PROPN
ajfa-8356	231	3	,	,	PUNCT
ajfa-8356	231	4	g.	g.	PROPN
ajfa-8356	231	5	,	,	PUNCT
ajfa-8356	231	6	&	&	CCONJ
ajfa-8356	231	7	shegal	shegal	PROPN
ajfa-8356	231	8	,	,	PUNCT
ajfa-8356	231	9	s.	s.	PROPN
ajfa-8356	231	10	(	(	PUNCT
ajfa-8356	231	11	2003	2003	NUM
ajfa-8356	231	12	)	)	PUNCT
ajfa-8356	231	13	.	.	PUNCT
ajfa-8356	232	1	tests	test	NOUN
ajfa-8356	232	2	of	of	ADP
ajfa-8356	232	3	the	the	DET
ajfa-8356	232	4	fama	fama	NOUN
ajfa-8356	232	5	and	and	CCONJ
ajfa-8356	232	6	french	french	ADJ
ajfa-8356	232	7	model	model	NOUN
ajfa-8356	232	8	in	in	ADP
ajfa-8356	232	9	india	india	PROPN
ajfa-8356	232	10	.	.	PUNCT
ajfa-8356	233	1	decision	decision	NOUN
ajfa-8356	233	2	,	,	PUNCT
ajfa-8356	233	3	30(2	30(2	NUM
ajfa-8356	233	4	)	)	PUNCT
ajfa-8356	233	5	,	,	PUNCT
ajfa-8356	233	6	1	1	NUM
ajfa-8356	233	7	-	-	SYM
ajfa-8356	233	8	20	20	NUM
ajfa-8356	233	9	.	.	PUNCT
ajfa-8356	234	1	fama	fama	PROPN
ajfa-8356	234	2	,	,	PUNCT
ajfa-8356	234	3	e.	e.	PROPN
ajfa-8356	234	4	f.	f.	PROPN
ajfa-8356	234	5	,	,	PUNCT
ajfa-8356	234	6	&	&	CCONJ
ajfa-8356	234	7	j	j	PROPN
ajfa-8356	234	8	mac	mac	PROPN
ajfa-8356	234	9	beth	beth	PROPN
ajfa-8356	234	10	.	.	PUNCT
ajfa-8356	235	1	(	(	PUNCT
ajfa-8356	235	2	1973	1973	NUM
ajfa-8356	235	3	)	)	PUNCT
ajfa-8356	235	4	.	.	PUNCT
ajfa-8356	236	1	risk	risk	NOUN
ajfa-8356	236	2	,	,	PUNCT
ajfa-8356	236	3	return	return	NOUN
ajfa-8356	236	4	,	,	PUNCT
ajfa-8356	236	5	and	and	CCONJ
ajfa-8356	236	6	equilibrium	equilibrium	NOUN
ajfa-8356	236	7	;	;	PUNCT
ajfa-8356	236	8	empirical	empirical	ADJ
ajfa-8356	236	9	tests	test	NOUN
ajfa-8356	236	10	.	.	PUNCT
ajfa-8356	237	1	journal	journal	NOUN
ajfa-8356	237	2	of	of	ADP
ajfa-8356	237	3	political	political	ADJ
ajfa-8356	237	4	economy	economy	NOUN
ajfa-8356	237	5	,	,	PUNCT
ajfa-8356	237	6	81(3	81(3	NUM
ajfa-8356	237	7	)	)	PUNCT
ajfa-8356	237	8	,	,	PUNCT
ajfa-8356	237	9	607	607	NUM
ajfa-8356	237	10	-	-	SYM
ajfa-8356	237	11	636	636	NUM
ajfa-8356	237	12	.	.	PUNCT
ajfa-8356	238	1	http://dx.doi.org/10.1086/260061	http://dx.doi.org/10.1086/260061	PROPN
ajfa-8356	238	2	fama	fama	PROPN
ajfa-8356	238	3	,	,	PUNCT
ajfa-8356	238	4	e.	e.	PROPN
ajfa-8356	238	5	f.	f.	PROPN
ajfa-8356	238	6	,	,	PUNCT
ajfa-8356	238	7	&	&	CCONJ
ajfa-8356	238	8	french	french	PROPN
ajfa-8356	238	9	,	,	PUNCT
ajfa-8356	238	10	r.	r.	PROPN
ajfa-8356	238	11	(	(	PUNCT
ajfa-8356	238	12	1992	1992	NUM
ajfa-8356	238	13	)	)	PUNCT
ajfa-8356	238	14	.	.	PUNCT
ajfa-8356	239	1	the	the	DET
ajfa-8356	239	2	cross	cross	NOUN
ajfa-8356	239	3	-	-	NOUN
ajfa-8356	239	4	section	section	NOUN
ajfa-8356	239	5	of	of	ADP
ajfa-8356	239	6	expected	expect	VERB
ajfa-8356	239	7	stock	stock	NOUN
ajfa-8356	239	8	returns	return	NOUN
ajfa-8356	239	9	.	.	PUNCT
ajfa-8356	240	1	journal	journal	NOUN
ajfa-8356	240	2	of	of	ADP
ajfa-8356	240	3	finance	finance	PROPN
ajfa-8356	240	4	,	,	PUNCT
ajfa-8356	240	5	47(2	47(2	PROPN
ajfa-8356	240	6	)	)	PUNCT
ajfa-8356	240	7	,	,	PUNCT
ajfa-8356	240	8	427	427	NUM
ajfa-8356	240	9	-	-	SYM
ajfa-8356	240	10	465	465	NUM
ajfa-8356	240	11	.	.	PUNCT
ajfa-8356	241	1	http://dx.doi.org/10.1111/j.1540-6261.1992.tb04398.x	http://dx.doi.org/10.1111/j.1540-6261.1992.tb04398.x	PROPN
ajfa-8356	241	2	fama	fama	PROPN
ajfa-8356	241	3	,	,	PUNCT
ajfa-8356	241	4	e.	e.	PROPN
ajfa-8356	241	5	f.	f.	PROPN
ajfa-8356	241	6	,	,	PUNCT
ajfa-8356	241	7	&	&	CCONJ
ajfa-8356	241	8	french	french	PROPN
ajfa-8356	241	9	,	,	PUNCT
ajfa-8356	241	10	r.	r.	PROPN
ajfa-8356	241	11	(	(	PUNCT
ajfa-8356	241	12	1993	1993	NUM
ajfa-8356	241	13	)	)	PUNCT
ajfa-8356	241	14	.	.	PUNCT
ajfa-8356	242	1	common	common	ADJ
ajfa-8356	242	2	risk	risk	NOUN
ajfa-8356	242	3	factors	factor	NOUN
ajfa-8356	242	4	in	in	ADP
ajfa-8356	242	5	the	the	DET
ajfa-8356	242	6	returns	return	NOUN
ajfa-8356	242	7	on	on	ADP
ajfa-8356	242	8	the	the	DET
ajfa-8356	242	9	stocks	stock	NOUN
ajfa-8356	242	10	and	and	CCONJ
ajfa-8356	242	11	bonds	bond	NOUN
ajfa-8356	242	12	.	.	PUNCT
ajfa-8356	243	1	journal	journal	NOUN
ajfa-8356	243	2	of	of	ADP
ajfa-8356	243	3	financial	financial	ADJ
ajfa-8356	243	4	economics	economic	NOUN
ajfa-8356	243	5	,	,	PUNCT
ajfa-8356	243	6	33(3	33(3	NOUN
ajfa-8356	243	7	)	)	PUNCT
ajfa-8356	243	8	,	,	PUNCT
ajfa-8356	243	9	3	3	NUM
ajfa-8356	243	10	-	-	SYM
ajfa-8356	243	11	56	56	NUM
ajfa-8356	243	12	.	.	PUNCT
ajfa-8356	244	1	http://dx.doi.org/10.1016/0304-405x(93)90023-5	http://dx.doi.org/10.1016/0304-405x(93)90023-5	PROPN
ajfa-8356	244	2	fama	fama	PROPN
ajfa-8356	244	3	,	,	PUNCT
ajfa-8356	244	4	e.f	e.f	PROPN
ajfa-8356	244	5	.	.	PROPN
ajfa-8356	244	6	,	,	PUNCT
ajfa-8356	244	7	&	&	CCONJ
ajfa-8356	244	8	french	french	PROPN
ajfa-8356	244	9	,	,	PUNCT
ajfa-8356	244	10	r.	r.	PROPN
ajfa-8356	244	11	(	(	PUNCT
ajfa-8356	244	12	1995	1995	NUM
ajfa-8356	244	13	)	)	PUNCT
ajfa-8356	244	14	.	.	PUNCT
ajfa-8356	245	1	size	size	NOUN
ajfa-8356	245	2	and	and	CCONJ
ajfa-8356	245	3	book	book	NOUN
ajfa-8356	245	4	-	-	PUNCT
ajfa-8356	245	5	to	to	ADP
ajfa-8356	245	6	-	-	PUNCT
ajfa-8356	245	7	market	market	NOUN
ajfa-8356	245	8	factors	factor	NOUN
ajfa-8356	245	9	in	in	ADP
ajfa-8356	245	10	earnings	earning	NOUN
ajfa-8356	245	11	and	and	CCONJ
ajfa-8356	245	12	returns	return	NOUN
ajfa-8356	245	13	.	.	PUNCT
ajfa-8356	246	1	journal	journal	NOUN
ajfa-8356	246	2	of	of	ADP
ajfa-8356	246	3	finance	finance	NOUN
ajfa-8356	246	4	,	,	PUNCT
ajfa-8356	246	5	50(1	50(1	PROPN
ajfa-8356	246	6	)	)	PUNCT
ajfa-8356	246	7	,	,	PUNCT
ajfa-8356	246	8	131	131	NUM
ajfa-8356	246	9	-	-	SYM
ajfa-8356	246	10	155	155	NUM
ajfa-8356	246	11	.	.	PUNCT
ajfa-8356	247	1	http://dx.doi.org/10.1111/j.1540-6261.1995.tb05169.x	http://dx.doi.org/10.1111/j.1540-6261.1995.tb05169.x	PROPN
ajfa-8356	247	2	fama	fama	PROPN
ajfa-8356	247	3	,	,	PUNCT
ajfa-8356	247	4	e.	e.	PROPN
ajfa-8356	247	5	f.	f.	PROPN
ajfa-8356	247	6	,	,	PUNCT
ajfa-8356	247	7	&	&	CCONJ
ajfa-8356	247	8	french	french	PROPN
ajfa-8356	247	9	r.	r.	PROPN
ajfa-8356	247	10	(	(	PUNCT
ajfa-8356	247	11	1996a	1996a	NUM
ajfa-8356	247	12	)	)	PUNCT
ajfa-8356	247	13	.	.	PUNCT
ajfa-8356	248	1	the	the	DET
ajfa-8356	248	2	capm	capm	PROPN
ajfa-8356	248	3	is	be	AUX
ajfa-8356	248	4	wanted	want	VERB
ajfa-8356	248	5	,	,	PUNCT
ajfa-8356	248	6	dead	dead	ADJ
ajfa-8356	248	7	or	or	CCONJ
ajfa-8356	248	8	alive	alive	ADJ
ajfa-8356	248	9	.	.	PUNCT
ajfa-8356	249	1	journal	journal	NOUN
ajfa-8356	249	2	of	of	ADP
ajfa-8356	249	3	finance	finance	NOUN
ajfa-8356	249	4	,	,	PUNCT
ajfa-8356	249	5	51(5	51(5	NUM
ajfa-8356	249	6	)	)	PUNCT
ajfa-8356	249	7	,	,	PUNCT
ajfa-8356	249	8	1947	1947	NUM
ajfa-8356	249	9	-	-	SYM
ajfa-8356	249	10	1958	1958	NUM
ajfa-8356	249	11	.	.	PUNCT
ajfa-8356	250	1	http://dx.doi.org/10.1111/j.1540-6261.1996.tb05233.x	http://dx.doi.org/10.1111/j.1540-6261.1996.tb05233.x	X
ajfa-8356	250	2	fama	fama	PROPN
ajfa-8356	250	3	,	,	PUNCT
ajfa-8356	250	4	e.f	e.f	PROPN
ajfa-8356	250	5	.	.	PROPN
ajfa-8356	250	6	,	,	PUNCT
ajfa-8356	250	7	&	&	CCONJ
ajfa-8356	250	8	french	french	PROPN
ajfa-8356	250	9	,	,	PUNCT
ajfa-8356	250	10	r.	r.	PROPN
ajfa-8356	250	11	(	(	PUNCT
ajfa-8356	250	12	1996b	1996b	NUM
ajfa-8356	250	13	)	)	PUNCT
ajfa-8356	250	14	.	.	PUNCT
ajfa-8356	251	1	multifactor	multifactor	NOUN
ajfa-8356	251	2	explanations	explanation	NOUN
ajfa-8356	251	3	of	of	ADP
ajfa-8356	251	4	asset	asset	NOUN
ajfa-8356	251	5	pricing	pricing	NOUN
ajfa-8356	251	6	anomalies	anomaly	NOUN
ajfa-8356	251	7	.	.	PUNCT
ajfa-8356	252	1	journal	journal	PROPN
ajfa-8356	252	2	of	of	ADP
ajfa-8356	252	3	finance	finance	NOUN
ajfa-8356	252	4	,	,	PUNCT
ajfa-8356	252	5	51(1	51(1	NUM
ajfa-8356	252	6	)	)	PUNCT
ajfa-8356	252	7	,	,	PUNCT
ajfa-8356	252	8	55	55	NUM
ajfa-8356	252	9	-	-	SYM
ajfa-8356	252	10	87	87	NUM
ajfa-8356	252	11	.	.	PUNCT
ajfa-8356	253	1	http://dx.doi.org/10.1111/j.1540-6261.1996.tb05202.x	http://dx.doi.org/10.1111/j.1540-6261.1996.tb05202.x	PROPN
ajfa-8356	253	2	fama	fama	PROPN
ajfa-8356	253	3	,	,	PUNCT
ajfa-8356	253	4	e.f	e.f	PROPN
ajfa-8356	253	5	.	.	PROPN
ajfa-8356	253	6	,	,	PUNCT
ajfa-8356	253	7	&	&	CCONJ
ajfa-8356	253	8	and	and	CCONJ
ajfa-8356	253	9	french	french	PROPN
ajfa-8356	253	10	r.	r.	PROPN
ajfa-8356	253	11	(	(	PUNCT
ajfa-8356	253	12	1998	1998	NUM
ajfa-8356	253	13	)	)	PUNCT
ajfa-8356	253	14	.	.	PUNCT
ajfa-8356	254	1	value	value	NOUN
ajfa-8356	254	2	verses	verses	ADP
ajfa-8356	254	3	growth	growth	NOUN
ajfa-8356	254	4	:	:	PUNCT
ajfa-8356	254	5	the	the	DET
ajfa-8356	254	6	international	international	ADJ
ajfa-8356	254	7	evidence	evidence	NOUN
ajfa-8356	254	8	.	.	PUNCT
ajfa-8356	255	1	journal	journal	NOUN
ajfa-8356	255	2	of	of	ADP
ajfa-8356	255	3	finance	finance	NOUN
ajfa-8356	255	4	,	,	PUNCT
ajfa-8356	255	5	53(6	53(6	PROPN
ajfa-8356	255	6	)	)	PUNCT
ajfa-8356	255	7	,	,	PUNCT
ajfa-8356	255	8	1975	1975	NUM
ajfa-8356	255	9	-	-	SYM
ajfa-8356	255	10	1999	1999	NUM
ajfa-8356	255	11	.	.	PUNCT
ajfa-8356	256	1	http://dx.doi.org/10.1111/0022-1082.00080	http://dx.doi.org/10.1111/0022-1082.00080	NOUN
ajfa-8356	256	2	fama	fama	PROPN
ajfa-8356	256	3	,	,	PUNCT
ajfa-8356	256	4	e.f	e.f	PROPN
ajfa-8356	256	5	.	.	PROPN
ajfa-8356	256	6	,	,	PUNCT
ajfa-8356	256	7	&	&	CCONJ
ajfa-8356	256	8	french	french	PROPN
ajfa-8356	256	9	r.	r.	PROPN
ajfa-8356	256	10	(	(	PUNCT
ajfa-8356	256	11	1999	1999	NUM
ajfa-8356	256	12	)	)	PUNCT
ajfa-8356	256	13	.	.	PUNCT
ajfa-8356	257	1	the	the	DET
ajfa-8356	257	2	corporate	corporate	ADJ
ajfa-8356	257	3	cost	cost	NOUN
ajfa-8356	257	4	of	of	ADP
ajfa-8356	257	5	capital	capital	NOUN
ajfa-8356	257	6	and	and	CCONJ
ajfa-8356	257	7	the	the	DET
ajfa-8356	257	8	corporate	corporate	ADJ
ajfa-8356	257	9	investment	investment	NOUN
ajfa-8356	257	10	.	.	PUNCT
ajfa-8356	258	1	journal	journal	PROPN
ajfa-8356	258	2	of	of	ADP
ajfa-8356	258	3	finance	finance	NOUN
ajfa-8356	258	4	,	,	PUNCT
ajfa-8356	258	5	54(6	54(6	NOUN
ajfa-8356	258	6	)	)	PUNCT
ajfa-8356	258	7	,	,	PUNCT
ajfa-8356	258	8	1939	1939	NUM
ajfa-8356	258	9	-	-	SYM
ajfa-8356	258	10	1967	1967	NUM
ajfa-8356	258	11	.	.	PUNCT
ajfa-8356	259	1	http://dx.doi.org/10.1111/0022-1082.00178	http://dx.doi.org/10.1111/0022-1082.00178	ADV
ajfa-8356	259	2	fama	fama	PROPN
ajfa-8356	259	3	,	,	PUNCT
ajfa-8356	259	4	e.f	e.f	PROPN
ajfa-8356	259	5	.	.	PROPN
ajfa-8356	259	6	,	,	PUNCT
ajfa-8356	259	7	&	&	CCONJ
ajfa-8356	259	8	french	french	PROPN
ajfa-8356	259	9	r.	r.	PROPN
ajfa-8356	259	10	(	(	PUNCT
ajfa-8356	259	11	2002	2002	NUM
ajfa-8356	259	12	)	)	PUNCT
ajfa-8356	259	13	.	.	PUNCT
ajfa-8356	260	1	the	the	DET
ajfa-8356	260	2	equity	equity	NOUN
ajfa-8356	260	3	premium	premium	NOUN
ajfa-8356	260	4	.	.	PUNCT
ajfa-8356	261	1	the	the	DET
ajfa-8356	261	2	journal	journal	PROPN
ajfa-8356	261	3	of	of	ADP
ajfa-8356	261	4	finance	finance	NOUN
ajfa-8356	261	5	,	,	PUNCT
ajfa-8356	261	6	57(2	57(2	NUM
ajfa-8356	261	7	)	)	PUNCT
ajfa-8356	261	8	,	,	PUNCT
ajfa-8356	261	9	637	637	NUM
ajfa-8356	261	10	-	-	SYM
ajfa-8356	261	11	659	659	NUM
ajfa-8356	261	12	.	.	PUNCT
ajfa-8356	262	1	http://dx.doi.org/10.1111/1540-6261.00437	http://dx.doi.org/10.1111/1540-6261.00437	PROPN
ajfa-8356	262	2	iqbal	iqbal	PROPN
ajfa-8356	262	3	.	.	PUNCT
ajfa-8356	263	1	(	(	PUNCT
ajfa-8356	263	2	2011	2011	NUM
ajfa-8356	263	3	)	)	PUNCT
ajfa-8356	263	4	.	.	PUNCT
ajfa-8356	264	1	relevance	relevance	NOUN
ajfa-8356	264	2	of	of	ADP
ajfa-8356	264	3	capital	capital	NOUN
ajfa-8356	264	4	asset	asset	NOUN
ajfa-8356	264	5	pricing	pricing	NOUN
ajfa-8356	264	6	model	model	NOUN
ajfa-8356	264	7	–	–	PUNCT
ajfa-8356	264	8	a	a	DET
ajfa-8356	264	9	review	review	NOUN
ajfa-8356	264	10	.	.	PUNCT
ajfa-8356	265	1	journal	journal	PROPN
ajfa-8356	265	2	on	on	ADP
ajfa-8356	265	3	banking	bank	VERB
ajfa-8356	265	4	financial	financial	ADJ
ajfa-8356	265	5	services	service	NOUN
ajfa-8356	265	6	and	and	CCONJ
ajfa-8356	265	7	insurance	insurance	NOUN
ajfa-8356	265	8	research	research	NOUN
ajfa-8356	265	9	,	,	PUNCT
ajfa-8356	265	10	1(2	1(2	NUM
ajfa-8356	265	11	)	)	PUNCT
ajfa-8356	265	12	,	,	PUNCT
ajfa-8356	265	13	85	85	NUM
ajfa-8356	265	14	-	-	SYM
ajfa-8356	265	15	97	97	NUM
ajfa-8356	265	16	.	.	PUNCT
ajfa-8356	266	1	kothari	kothari	PROPN
ajfa-8356	266	2	,	,	PUNCT
ajfa-8356	266	3	s.p	s.p	PROPN
ajfa-8356	266	4	.	.	PROPN
ajfa-8356	266	5	,	,	PUNCT
ajfa-8356	266	6	shanken	shanken	VERB
ajfa-8356	266	7	,	,	PUNCT
ajfa-8356	266	8	j.	j.	PROPN
ajfa-8356	266	9	,	,	PUNCT
ajfa-8356	266	10	&	&	CCONJ
ajfa-8356	266	11	richard	richard	PROPN
ajfa-8356	266	12	g.	g.	PROPN
ajfa-8356	266	13	(	(	PUNCT
ajfa-8356	266	14	1995	1995	NUM
ajfa-8356	266	15	)	)	PUNCT
ajfa-8356	266	16	.	.	PUNCT
ajfa-8356	267	1	another	another	DET
ajfa-8356	267	2	look	look	NOUN
ajfa-8356	267	3	at	at	ADP
ajfa-8356	267	4	the	the	DET
ajfa-8356	267	5	cross	cross	NOUN
ajfa-8356	267	6	-	-	NOUN
ajfa-8356	267	7	section	section	NOUN
ajfa-8356	267	8	of	of	ADP
ajfa-8356	267	9	expected	expect	VERB
ajfa-8356	267	10	stock	stock	NOUN
ajfa-8356	267	11	returns	return	NOUN
ajfa-8356	267	12	.	.	PUNCT
ajfa-8356	268	1	journal	journal	NOUN
ajfa-8356	268	2	of	of	ADP
ajfa-8356	268	3	finance	finance	NOUN
ajfa-8356	268	4	,	,	PUNCT
ajfa-8356	268	5	50(1	50(1	PROPN
ajfa-8356	268	6	)	)	PUNCT
ajfa-8356	268	7	,	,	PUNCT
ajfa-8356	268	8	185	185	NUM
ajfa-8356	268	9	-	-	SYM
ajfa-8356	268	10	224	224	NUM
ajfa-8356	268	11	.	.	PUNCT
ajfa-8356	269	1	http://dx.doi.org/10.1111/j.1540-6261.1995.tb05171.x	http://dx.doi.org/10.1111/j.1540-6261.1995.tb05171.x	PROPN
ajfa-8356	269	2	asian	asian	PROPN
ajfa-8356	269	3	journal	journal	PROPN
ajfa-8356	269	4	of	of	ADP
ajfa-8356	269	5	finance	finance	PROPN
ajfa-8356	269	6	&	&	CCONJ
ajfa-8356	269	7	accounting	accounting	PROPN
ajfa-8356	269	8	issn	issn	PROPN
ajfa-8356	269	9	1946	1946	NUM
ajfa-8356	269	10	-	-	PUNCT
ajfa-8356	269	11	052x	052x	NOUN
ajfa-8356	269	12	2015	2015	NUM
ajfa-8356	269	13	,	,	PUNCT
ajfa-8356	269	14	vol	vol	NOUN
ajfa-8356	269	15	.	.	PROPN
ajfa-8356	269	16	7	7	NUM
ajfa-8356	269	17	,	,	PUNCT
ajfa-8356	269	18	no	no	INTJ
ajfa-8356	269	19	.	.	NOUN
ajfa-8356	269	20	2	2	NUM
ajfa-8356	269	21	118	118	NUM
ajfa-8356	269	22	lintner	lintner	NOUN
ajfa-8356	269	23	,	,	PUNCT
ajfa-8356	269	24	j.	j.	PROPN
ajfa-8356	269	25	(	(	PUNCT
ajfa-8356	269	26	1965	1965	NUM
ajfa-8356	269	27	)	)	PUNCT
ajfa-8356	269	28	.	.	PUNCT
ajfa-8356	270	1	security	security	NOUN
ajfa-8356	270	2	prices	price	NOUN
ajfa-8356	270	3	,	,	PUNCT
ajfa-8356	270	4	risk	risk	NOUN
ajfa-8356	270	5	,	,	PUNCT
ajfa-8356	270	6	and	and	CCONJ
ajfa-8356	270	7	maximal	maximal	ADJ
ajfa-8356	270	8	gains	gain	NOUN
ajfa-8356	270	9	from	from	ADP
ajfa-8356	270	10	diversification	diversification	NOUN
ajfa-8356	270	11	.	.	PUNCT
ajfa-8356	271	1	journal	journal	PROPN
ajfa-8356	271	2	of	of	ADP
ajfa-8356	271	3	business	business	NOUN
ajfa-8356	271	4	,	,	PUNCT
ajfa-8356	271	5	20	20	NUM
ajfa-8356	271	6	,	,	PUNCT
ajfa-8356	271	7	294	294	NUM
ajfa-8356	271	8	-	-	SYM
ajfa-8356	271	9	419	419	NUM
ajfa-8356	271	10	.	.	PUNCT
ajfa-8356	272	1	lintner	lintner	PROPN
ajfa-8356	272	2	,	,	PUNCT
ajfa-8356	272	3	j.	j.	PROPN
ajfa-8356	272	4	(	(	PUNCT
ajfa-8356	272	5	1965	1965	NUM
ajfa-8356	272	6	)	)	PUNCT
ajfa-8356	272	7	.	.	PUNCT
ajfa-8356	273	1	the	the	DET
ajfa-8356	273	2	valuation	valuation	NOUN
ajfa-8356	273	3	of	of	ADP
ajfa-8356	273	4	risk	risk	NOUN
ajfa-8356	273	5	assets	asset	NOUN
ajfa-8356	273	6	and	and	CCONJ
ajfa-8356	273	7	the	the	DET
ajfa-8356	273	8	selection	selection	NOUN
ajfa-8356	273	9	of	of	ADP
ajfa-8356	273	10	risky	risky	ADJ
ajfa-8356	273	11	investments	investment	NOUN
ajfa-8356	273	12	in	in	ADP
ajfa-8356	273	13	stock	stock	NOUN
ajfa-8356	273	14	portfolios	portfolio	NOUN
ajfa-8356	273	15	and	and	CCONJ
ajfa-8356	273	16	capital	capital	NOUN
ajfa-8356	273	17	budgets	budget	NOUN
ajfa-8356	273	18	.	.	PUNCT
ajfa-8356	274	1	review	review	NOUN
ajfa-8356	274	2	of	of	ADP
ajfa-8356	274	3	economics	economic	NOUN
ajfa-8356	274	4	and	and	CCONJ
ajfa-8356	274	5	statistics	statistic	NOUN
ajfa-8356	274	6	,	,	PUNCT
ajfa-8356	274	7	47	47	NUM
ajfa-8356	274	8	,	,	PUNCT
ajfa-8356	274	9	13	13	NUM
ajfa-8356	274	10	-	-	SYM
ajfa-8356	274	11	37	37	NUM
ajfa-8356	274	12	.	.	PUNCT
ajfa-8356	275	1	http://dx.doi.org/10.2307/1924119	http://dx.doi.org/10.2307/1924119	PROPN
ajfa-8356	275	2	lintner	lintner	PROPN
ajfa-8356	275	3	,	,	PUNCT
ajfa-8356	275	4	j.	j.	PROPN
ajfa-8356	275	5	(	(	PUNCT
ajfa-8356	275	6	1969	1969	NUM
ajfa-8356	275	7	)	)	PUNCT
ajfa-8356	275	8	.	.	PUNCT
ajfa-8356	276	1	the	the	DET
ajfa-8356	276	2	aggregation	aggregation	NOUN
ajfa-8356	276	3	of	of	ADP
ajfa-8356	276	4	investors	investor	NOUN
ajfa-8356	276	5	diverse	diverse	ADJ
ajfa-8356	276	6	judgments	judgment	NOUN
ajfa-8356	276	7	and	and	CCONJ
ajfa-8356	276	8	preferences	preference	NOUN
ajfa-8356	276	9	in	in	ADP
ajfa-8356	276	10	purely	purely	ADV
ajfa-8356	276	11	competitive	competitive	ADJ
ajfa-8356	276	12	security	security	NOUN
ajfa-8356	276	13	markets	market	NOUN
ajfa-8356	276	14	.	.	PUNCT
ajfa-8356	277	1	journal	journal	NOUN
ajfa-8356	277	2	of	of	ADP
ajfa-8356	277	3	financial	financial	ADJ
ajfa-8356	277	4	and	and	CCONJ
ajfa-8356	277	5	quantitative	quantitative	ADJ
ajfa-8356	277	6	analysis	analysis	NOUN
ajfa-8356	277	7	,	,	PUNCT
ajfa-8356	277	8	4(4	4(4	NUM
ajfa-8356	277	9	)	)	PUNCT
ajfa-8356	277	10	,	,	PUNCT
ajfa-8356	277	11	347	347	NUM
ajfa-8356	277	12	-	-	SYM
ajfa-8356	277	13	400	400	NUM
ajfa-8356	277	14	.	.	PUNCT
ajfa-8356	278	1	http://dx.doi.org/10.2307/2330056	http://dx.doi.org/10.2307/2330056	PROPN
ajfa-8356	278	2	lintner	lintner	PROPN
ajfa-8356	278	3	,	,	PUNCT
ajfa-8356	278	4	j.	j.	PROPN
ajfa-8356	278	5	(	(	PUNCT
ajfa-8356	278	6	1971	1971	NUM
ajfa-8356	278	7	)	)	PUNCT
ajfa-8356	278	8	.	.	PUNCT
ajfa-8356	279	1	the	the	DET
ajfa-8356	279	2	effect	effect	NOUN
ajfa-8356	279	3	of	of	ADP
ajfa-8356	279	4	short	short	ADJ
ajfa-8356	279	5	selling	selling	NOUN
ajfa-8356	279	6	and	and	CCONJ
ajfa-8356	279	7	margin	margin	NOUN
ajfa-8356	279	8	requirements	requirement	NOUN
ajfa-8356	279	9	in	in	ADP
ajfa-8356	279	10	perfect	perfect	ADJ
ajfa-8356	279	11	capital	capital	NOUN
ajfa-8356	279	12	markets	market	NOUN
ajfa-8356	279	13	.	.	PUNCT
ajfa-8356	280	1	journal	journal	NOUN
ajfa-8356	280	2	of	of	ADP
ajfa-8356	280	3	financial	financial	ADJ
ajfa-8356	280	4	and	and	CCONJ
ajfa-8356	280	5	quantitative	quantitative	ADJ
ajfa-8356	280	6	analysis	analysis	NOUN
ajfa-8356	280	7	,	,	PUNCT
ajfa-8356	280	8	6(5	6(5	NUM
ajfa-8356	280	9	)	)	PUNCT
ajfa-8356	280	10	,	,	PUNCT
ajfa-8356	280	11	1173	1173	NUM
ajfa-8356	280	12	-	-	SYM
ajfa-8356	280	13	1195	1195	NUM
ajfa-8356	280	14	.	.	PUNCT
ajfa-8356	281	1	http://dx.doi.org/10.2307/2329855	http://dx.doi.org/10.2307/2329855	PROPN
ajfa-8356	281	2	markowitz	markowitz	PROPN
ajfa-8356	281	3	,	,	PUNCT
ajfa-8356	281	4	h.	h.	PROPN
ajfa-8356	281	5	m.	m.	PROPN
ajfa-8356	281	6	(	(	PUNCT
ajfa-8356	281	7	1952	1952	NUM
ajfa-8356	281	8	)	)	PUNCT
ajfa-8356	281	9	.	.	PUNCT
ajfa-8356	282	1	portfolio	portfolio	NOUN
ajfa-8356	282	2	selection	selection	NOUN
ajfa-8356	282	3	.	.	PUNCT
ajfa-8356	283	1	journal	journal	PROPN
ajfa-8356	283	2	of	of	ADP
ajfa-8356	283	3	finance	finance	NOUN
ajfa-8356	283	4	,	,	PUNCT
ajfa-8356	283	5	7(1	7(1	NUM
ajfa-8356	283	6	)	)	PUNCT
ajfa-8356	283	7	,	,	PUNCT
ajfa-8356	283	8	77	77	NUM
ajfa-8356	283	9	-	-	SYM
ajfa-8356	283	10	91	91	NUM
ajfa-8356	283	11	.	.	PUNCT
ajfa-8356	284	1	maximiliano	maximiliano	PROPN
ajfa-8356	284	2	,	,	PUNCT
ajfa-8356	284	3	g.	g.	PROPN
ajfa-8356	284	4	f.	f.	PROPN
ajfa-8356	284	5	(	(	PUNCT
ajfa-8356	284	6	2001	2001	NUM
ajfa-8356	284	7	)	)	PUNCT
ajfa-8356	284	8	.	.	PUNCT
ajfa-8356	285	1	capm	capm	NOUN
ajfa-8356	285	2	performance	performance	NOUN
ajfa-8356	285	3	in	in	ADP
ajfa-8356	285	4	the	the	DET
ajfa-8356	285	5	caracas	caracas	PROPN
ajfa-8356	285	6	stock	stock	PROPN
ajfa-8356	285	7	exchange	exchange	NOUN
ajfa-8356	285	8	from	from	ADP
ajfa-8356	285	9	1992	1992	NUM
ajfa-8356	285	10	to	to	ADP
ajfa-8356	285	11	1998	1998	NUM
ajfa-8356	285	12	.	.	PUNCT
ajfa-8356	286	1	international	international	ADJ
ajfa-8356	286	2	review	review	NOUN
ajfa-8356	286	3	of	of	ADP
ajfa-8356	286	4	financial	financial	ADJ
ajfa-8356	286	5	analysis	analysis	NOUN
ajfa-8356	286	6	,	,	PUNCT
ajfa-8356	286	7	10(3	10(3	NUM
ajfa-8356	286	8	)	)	PUNCT
ajfa-8356	286	9	,	,	PUNCT
ajfa-8356	286	10	333	333	NUM
ajfa-8356	286	11	-	-	SYM
ajfa-8356	286	12	341	341	NUM
ajfa-8356	286	13	.	.	PUNCT
ajfa-8356	287	1	http://dx.doi.org/10.1016/s1057-5219(01)00050-3	http://dx.doi.org/10.1016/s1057-5219(01)00050-3	ADJ
ajfa-8356	287	2	mohanty	mohanty	NOUN
ajfa-8356	287	3	,	,	PUNCT
ajfa-8356	287	4	p.	p.	NOUN
ajfa-8356	287	5	(	(	PUNCT
ajfa-8356	287	6	2002	2002	NUM
ajfa-8356	287	7	)	)	PUNCT
ajfa-8356	287	8	.	.	PUNCT
ajfa-8356	288	1	evidence	evidence	NOUN
ajfa-8356	288	2	of	of	ADP
ajfa-8356	288	3	size	size	NOUN
ajfa-8356	288	4	effect	effect	NOUN
ajfa-8356	288	5	on	on	ADP
ajfa-8356	288	6	stock	stock	NOUN
ajfa-8356	288	7	returns	return	NOUN
ajfa-8356	288	8	in	in	ADP
ajfa-8356	288	9	india	india	PROPN
ajfa-8356	288	10	.	.	PUNCT
ajfa-8356	289	1	vikalpa	vikalpa	PROPN
ajfa-8356	289	2	,	,	PUNCT
ajfa-8356	289	3	27(3	27(3	NUM
ajfa-8356	289	4	)	)	PUNCT
ajfa-8356	289	5	,	,	PUNCT
ajfa-8356	289	6	27	27	NUM
ajfa-8356	289	7	-	-	SYM
ajfa-8356	289	8	37	37	NUM
ajfa-8356	289	9	.	.	PUNCT
ajfa-8356	290	1	roll	roll	PROPN
ajfa-8356	290	2	,	,	PUNCT
ajfa-8356	290	3	r.	r.	PROPN
ajfa-8356	290	4	,	,	PUNCT
ajfa-8356	290	5	&	&	CCONJ
ajfa-8356	290	6	ross	ross	PROPN
ajfa-8356	290	7	,	,	PUNCT
ajfa-8356	290	8	s.a	s.a	PROPN
ajfa-8356	290	9	.	.	PROPN
ajfa-8356	290	10	(	(	PUNCT
ajfa-8356	290	11	1994	1994	NUM
ajfa-8356	290	12	)	)	PUNCT
ajfa-8356	290	13	.	.	PUNCT
ajfa-8356	291	1	on	on	ADP
ajfa-8356	291	2	the	the	DET
ajfa-8356	291	3	cross	cross	ADJ
ajfa-8356	291	4	-	-	ADJ
ajfa-8356	291	5	sectional	sectional	ADJ
ajfa-8356	291	6	relation	relation	NOUN
ajfa-8356	291	7	between	between	ADP
ajfa-8356	291	8	expected	expect	VERB
ajfa-8356	291	9	returns	return	NOUN
ajfa-8356	291	10	and	and	CCONJ
ajfa-8356	291	11	betas	beta	NOUN
ajfa-8356	291	12	.	.	PUNCT
ajfa-8356	292	1	journal	journal	NOUN
ajfa-8356	292	2	of	of	ADP
ajfa-8356	292	3	finance	finance	NOUN
ajfa-8356	292	4	,	,	PUNCT
ajfa-8356	292	5	49	49	NUM
ajfa-8356	292	6	,	,	PUNCT
ajfa-8356	292	7	101	101	NUM
ajfa-8356	292	8	-	-	SYM
ajfa-8356	292	9	121	121	NUM
ajfa-8356	292	10	.	.	PUNCT
ajfa-8356	293	1	http://dx.doi.org/10.1111/j.1540-6261.1994.tb04422.x	http://dx.doi.org/10.1111/j.1540-6261.1994.tb04422.x	PROPN
ajfa-8356	293	2	roll	roll	PROPN
ajfa-8356	293	3	,	,	PUNCT
ajfa-8356	293	4	r.	r.	PROPN
ajfa-8356	293	5	(	(	PUNCT
ajfa-8356	293	6	1977	1977	NUM
ajfa-8356	293	7	)	)	PUNCT
ajfa-8356	293	8	.	.	PUNCT
ajfa-8356	294	1	a	a	DET
ajfa-8356	294	2	critique	critique	NOUN
ajfa-8356	294	3	of	of	ADP
ajfa-8356	294	4	the	the	DET
ajfa-8356	294	5	asset	asset	NOUN
ajfa-8356	294	6	pricing	pricing	NOUN
ajfa-8356	294	7	theory	theory	NOUN
ajfa-8356	294	8	's	's	PART
ajfa-8356	294	9	test	test	NOUN
ajfa-8356	294	10	:	:	PUNCT
ajfa-8356	294	11	part	part	NOUN
ajfa-8356	294	12	i	i	PRON
ajfa-8356	294	13	,	,	PUNCT
ajfa-8356	294	14	on	on	ADP
ajfa-8356	294	15	past	past	NOUN
ajfa-8356	294	16	and	and	CCONJ
ajfa-8356	294	17	potential	potential	ADJ
ajfa-8356	294	18	testability	testability	NOUN
ajfa-8356	294	19	of	of	ADP
ajfa-8356	294	20	the	the	DET
ajfa-8356	294	21	theory	theory	NOUN
ajfa-8356	294	22	.	.	PUNCT
ajfa-8356	295	1	journal	journal	NOUN
ajfa-8356	295	2	of	of	ADP
ajfa-8356	295	3	financial	financial	ADJ
ajfa-8356	295	4	economics	economic	NOUN
ajfa-8356	295	5	,	,	PUNCT
ajfa-8356	295	6	4(2	4(2	NUM
ajfa-8356	295	7	)	)	PUNCT
ajfa-8356	295	8	,	,	PUNCT
ajfa-8356	295	9	129	129	NUM
ajfa-8356	295	10	-	-	SYM
ajfa-8356	295	11	176	176	NUM
ajfa-8356	295	12	.	.	PUNCT
ajfa-8356	296	1	http://dx.doi.org/10.1016/0304-405x(77)90009-5	http://dx.doi.org/10.1016/0304-405x(77)90009-5	PROPN
ajfa-8356	296	2	roll	roll	PROPN
ajfa-8356	296	3	,	,	PUNCT
ajfa-8356	296	4	r.	r.	PROPN
ajfa-8356	296	5	(	(	PUNCT
ajfa-8356	296	6	1981	1981	NUM
ajfa-8356	296	7	)	)	PUNCT
ajfa-8356	296	8	.	.	PUNCT
ajfa-8356	297	1	a	a	DET
ajfa-8356	297	2	possible	possible	ADJ
ajfa-8356	297	3	explanation	explanation	NOUN
ajfa-8356	297	4	of	of	ADP
ajfa-8356	297	5	small	small	ADJ
ajfa-8356	297	6	firm	firm	ADJ
ajfa-8356	297	7	effect	effect	NOUN
ajfa-8356	297	8	.	.	PUNCT
ajfa-8356	298	1	journal	journal	NOUN
ajfa-8356	298	2	of	of	ADP
ajfa-8356	298	3	finance	finance	NOUN
ajfa-8356	298	4	,	,	PUNCT
ajfa-8356	298	5	36(4	36(4	NUM
ajfa-8356	298	6	)	)	PUNCT
ajfa-8356	298	7	,	,	PUNCT
ajfa-8356	298	8	879	879	NUM
ajfa-8356	298	9	-	-	SYM
ajfa-8356	298	10	88	88	NUM
ajfa-8356	298	11	.	.	PUNCT
ajfa-8356	299	1	http://dx.doi.org/10.1111/j.1540-6261.1981.tb04890.x	http://dx.doi.org/10.1111/j.1540-6261.1981.tb04890.x	PROPN
ajfa-8356	299	2	roll	roll	PROPN
ajfa-8356	299	3	,	,	PUNCT
ajfa-8356	299	4	r.	r.	PROPN
ajfa-8356	299	5	,	,	PUNCT
ajfa-8356	299	6	&	&	CCONJ
ajfa-8356	299	7	ross	ross	PROPN
ajfa-8356	299	8	,	,	PUNCT
ajfa-8356	299	9	s.	s.	PROPN
ajfa-8356	299	10	a.	a.	PROPN
ajfa-8356	299	11	(	(	PUNCT
ajfa-8356	299	12	1980	1980	NUM
ajfa-8356	299	13	)	)	PUNCT
ajfa-8356	299	14	.	.	PUNCT
ajfa-8356	300	1	an	an	DET
ajfa-8356	300	2	empirical	empirical	ADJ
ajfa-8356	300	3	investigation	investigation	NOUN
ajfa-8356	300	4	of	of	ADP
ajfa-8356	300	5	the	the	DET
ajfa-8356	300	6	arbitrage	arbitrage	NOUN
ajfa-8356	300	7	pricing	pricing	NOUN
ajfa-8356	300	8	theory	theory	NOUN
ajfa-8356	300	9	.	.	PUNCT
ajfa-8356	301	1	journal	journal	PROPN
ajfa-8356	301	2	of	of	ADP
ajfa-8356	301	3	finance	finance	NOUN
ajfa-8356	301	4	,	,	PUNCT
ajfa-8356	301	5	35(5	35(5	NUM
ajfa-8356	301	6	)	)	PUNCT
ajfa-8356	301	7	,	,	PUNCT
ajfa-8356	301	8	1073	1073	NUM
ajfa-8356	301	9	-	-	SYM
ajfa-8356	301	10	1103	1103	NUM
ajfa-8356	301	11	.	.	PUNCT
ajfa-8356	302	1	http://dx.doi.org/10.1111/j.1540-6261.1980.tb02197.x	http://dx.doi.org/10.1111/j.1540-6261.1980.tb02197.x	X
ajfa-8356	302	2	ross	ross	PROPN
ajfa-8356	302	3	,	,	PUNCT
ajfa-8356	302	4	s.	s.	PROPN
ajfa-8356	302	5	a.	a.	PROPN
ajfa-8356	302	6	(	(	PUNCT
ajfa-8356	302	7	1976	1976	NUM
ajfa-8356	302	8	)	)	PUNCT
ajfa-8356	302	9	.	.	PUNCT
ajfa-8356	303	1	the	the	DET
ajfa-8356	303	2	arbitrage	arbitrage	NOUN
ajfa-8356	303	3	theory	theory	NOUN
ajfa-8356	303	4	of	of	ADP
ajfa-8356	303	5	capital	capital	NOUN
ajfa-8356	303	6	assets	asset	NOUN
ajfa-8356	303	7	pricing	pricing	NOUN
ajfa-8356	303	8	.	.	PUNCT
ajfa-8356	304	1	journal	journal	NOUN
ajfa-8356	304	2	of	of	ADP
ajfa-8356	304	3	economic	economic	ADJ
ajfa-8356	304	4	theory	theory	NOUN
ajfa-8356	304	5	,	,	PUNCT
ajfa-8356	304	6	13	13	NUM
ajfa-8356	304	7	,	,	PUNCT
ajfa-8356	304	8	341	341	NUM
ajfa-8356	304	9	-	-	SYM
ajfa-8356	304	10	360	360	NUM
ajfa-8356	304	11	.	.	PUNCT
ajfa-8356	305	1	http://dx.doi.org/10.1016/0022-0531(76)90046-6	http://dx.doi.org/10.1016/0022-0531(76)90046-6	PROPN
ajfa-8356	305	2	ross	ross	PROPN
ajfa-8356	305	3	,	,	PUNCT
ajfa-8356	305	4	s.	s.	PROPN
ajfa-8356	305	5	a.	a.	PROPN
ajfa-8356	305	6	(	(	PUNCT
ajfa-8356	305	7	1977	1977	NUM
ajfa-8356	305	8	)	)	PUNCT
ajfa-8356	305	9	.	.	PUNCT
ajfa-8356	306	1	the	the	DET
ajfa-8356	306	2	capital	capital	NOUN
ajfa-8356	306	3	asset	asset	NOUN
ajfa-8356	306	4	pricing	pricing	NOUN
ajfa-8356	306	5	model	model	NOUN
ajfa-8356	306	6	(	(	PUNCT
ajfa-8356	306	7	capm	capm	PROPN
ajfa-8356	306	8	)	)	PUNCT
ajfa-8356	306	9	,	,	PUNCT
ajfa-8356	306	10	short	short	ADJ
ajfa-8356	306	11	-	-	PUNCT
ajfa-8356	306	12	sale	sale	NOUN
ajfa-8356	306	13	restrictions	restriction	NOUN
ajfa-8356	306	14	and	and	CCONJ
ajfa-8356	306	15	related	related	ADJ
ajfa-8356	306	16	issues	issue	NOUN
ajfa-8356	306	17	.	.	PUNCT
ajfa-8356	307	1	journal	journal	NOUN
ajfa-8356	307	2	of	of	ADP
ajfa-8356	307	3	finance	finance	NOUN
ajfa-8356	307	4	,	,	PUNCT
ajfa-8356	307	5	32(1	32(1	NUM
ajfa-8356	307	6	)	)	PUNCT
ajfa-8356	307	7	,	,	PUNCT
ajfa-8356	307	8	177	177	NUM
ajfa-8356	307	9	-	-	SYM
ajfa-8356	307	10	183	183	NUM
ajfa-8356	307	11	.	.	PUNCT
ajfa-8356	308	1	http://dx.doi.org/10.1111/j.1540-6261.1977.tb03251.x	http://dx.doi.org/10.1111/j.1540-6261.1977.tb03251.x	PROPN
ajfa-8356	308	2	ross	ross	PROPN
ajfa-8356	308	3	,	,	PUNCT
ajfa-8356	308	4	s.	s.	PROPN
ajfa-8356	308	5	a.	a.	PROPN
ajfa-8356	308	6	(	(	PUNCT
ajfa-8356	308	7	1978	1978	NUM
ajfa-8356	308	8	)	)	PUNCT
ajfa-8356	308	9	.	.	PUNCT
ajfa-8356	309	1	the	the	DET
ajfa-8356	309	2	current	current	ADJ
ajfa-8356	309	3	status	status	NOUN
ajfa-8356	309	4	of	of	ADP
ajfa-8356	309	5	the	the	DET
ajfa-8356	309	6	capital	capital	NOUN
ajfa-8356	309	7	asset	asset	NOUN
ajfa-8356	309	8	pricing	pricing	NOUN
ajfa-8356	309	9	model	model	NOUN
ajfa-8356	309	10	(	(	PUNCT
ajfa-8356	309	11	capm	capm	PROPN
ajfa-8356	309	12	)	)	PUNCT
ajfa-8356	309	13	.	.	PUNCT
ajfa-8356	310	1	journal	journal	PROPN
ajfa-8356	310	2	of	of	ADP
ajfa-8356	310	3	finance	finance	NOUN
ajfa-8356	310	4	,	,	PUNCT
ajfa-8356	310	5	33(3	33(3	NOUN
ajfa-8356	310	6	)	)	PUNCT
ajfa-8356	310	7	,	,	PUNCT
ajfa-8356	310	8	885	885	NUM
ajfa-8356	310	9	-	-	SYM
ajfa-8356	310	10	901	901	NUM
ajfa-8356	310	11	.	.	PUNCT
ajfa-8356	311	1	http://dx.doi.org/10.2307/2326486	http://dx.doi.org/10.2307/2326486	PROPN
ajfa-8356	311	2	shanken	shanken	VERB
ajfa-8356	311	3	,	,	PUNCT
ajfa-8356	311	4	j.	j.	PROPN
ajfa-8356	311	5	(	(	PUNCT
ajfa-8356	311	6	1982	1982	NUM
ajfa-8356	311	7	)	)	PUNCT
ajfa-8356	311	8	.	.	PUNCT
ajfa-8356	312	1	the	the	DET
ajfa-8356	312	2	arbitrage	arbitrage	NOUN
ajfa-8356	312	3	pricing	pricing	NOUN
ajfa-8356	312	4	theory	theory	NOUN
ajfa-8356	312	5	:	:	PUNCT
ajfa-8356	312	6	is	be	AUX
ajfa-8356	312	7	it	it	PRON
ajfa-8356	312	8	testable	testable	ADJ
ajfa-8356	312	9	.	.	PUNCT
ajfa-8356	313	1	journal	journal	PROPN
ajfa-8356	313	2	of	of	ADP
ajfa-8356	313	3	finance	finance	NOUN
ajfa-8356	313	4	,	,	PUNCT
ajfa-8356	313	5	37(5	37(5	NUM
ajfa-8356	313	6	)	)	PUNCT
ajfa-8356	313	7	,	,	PUNCT
ajfa-8356	313	8	1129	1129	NUM
ajfa-8356	313	9	-	-	SYM
ajfa-8356	313	10	40	40	NUM
ajfa-8356	313	11	.	.	PUNCT
ajfa-8356	314	1	http://dx.doi.org/10.1111/j.1540-6261.1982.tb03607.x	http://dx.doi.org/10.1111/j.1540-6261.1982.tb03607.x	PROPN
ajfa-8356	314	2	shanken	shanken	PROPN
ajfa-8356	314	3	,	,	PUNCT
ajfa-8356	314	4	j.	j.	PROPN
ajfa-8356	314	5	(	(	PUNCT
ajfa-8356	314	6	1985a	1985a	NUM
ajfa-8356	314	7	)	)	PUNCT
ajfa-8356	314	8	.	.	PUNCT
ajfa-8356	315	1	multi	multi	ADJ
ajfa-8356	315	2	-	-	ADJ
ajfa-8356	315	3	beta	beta	ADJ
ajfa-8356	315	4	capm	capm	NOUN
ajfa-8356	315	5	or	or	CCONJ
ajfa-8356	315	6	equilibrium	equilibrium	NOUN
ajfa-8356	315	7	-	-	PUNCT
ajfa-8356	315	8	apt	apt	ADJ
ajfa-8356	315	9	?	?	PUNCT
ajfa-8356	316	1	a	a	DET
ajfa-8356	316	2	reply	reply	NOUN
ajfa-8356	316	3	.	.	PUNCT
ajfa-8356	317	1	journal	journal	PROPN
ajfa-8356	317	2	of	of	ADP
ajfa-8356	317	3	finance	finance	NOUN
ajfa-8356	317	4	,	,	PUNCT
ajfa-8356	317	5	asian	asian	ADJ
ajfa-8356	317	6	journal	journal	NOUN
ajfa-8356	317	7	of	of	ADP
ajfa-8356	317	8	finance	finance	PROPN
ajfa-8356	317	9	&	&	CCONJ
ajfa-8356	317	10	accounting	accounting	PROPN
ajfa-8356	317	11	issn	issn	PROPN
ajfa-8356	317	12	1946	1946	NUM
ajfa-8356	317	13	-	-	PUNCT
ajfa-8356	317	14	052x	052x	NOUN
ajfa-8356	317	15	2015	2015	NUM
ajfa-8356	317	16	,	,	PUNCT
ajfa-8356	317	17	vol	vol	NOUN
ajfa-8356	317	18	.	.	PROPN
ajfa-8356	317	19	7	7	NUM
ajfa-8356	317	20	,	,	PUNCT
ajfa-8356	317	21	no	no	INTJ
ajfa-8356	317	22	.	.	NOUN
ajfa-8356	317	23	2	2	NUM
ajfa-8356	317	24	119	119	NUM
ajfa-8356	317	25	40(4	40(4	NUM
ajfa-8356	317	26	)	)	PUNCT
ajfa-8356	317	27	,	,	PUNCT
ajfa-8356	317	28	1186	1186	NUM
ajfa-8356	317	29	-	-	SYM
ajfa-8356	317	30	1189	1189	NUM
ajfa-8356	317	31	.	.	PUNCT
ajfa-8356	318	1	http://dx.doi.org/10.1111/j.1540-6261.1985.tb02371.x	http://dx.doi.org/10.1111/j.1540-6261.1985.tb02371.x	PRON
ajfa-8356	318	2	shanken	shanken	VERB
ajfa-8356	318	3	,	,	PUNCT
ajfa-8356	318	4	j.	j.	PROPN
ajfa-8356	318	5	(	(	PUNCT
ajfa-8356	318	6	1985b	1985b	NUM
ajfa-8356	318	7	)	)	PUNCT
ajfa-8356	318	8	.	.	PUNCT
ajfa-8356	319	1	multivariate	multivariate	NOUN
ajfa-8356	319	2	tests	test	NOUN
ajfa-8356	319	3	of	of	ADP
ajfa-8356	319	4	the	the	DET
ajfa-8356	319	5	zero	zero	NUM
ajfa-8356	319	6	-	-	PUNCT
ajfa-8356	319	7	beta	beta	NOUN
ajfa-8356	319	8	capm	capm	PROPN
ajfa-8356	319	9	.	.	PUNCT
ajfa-8356	320	1	journal	journal	PROPN
ajfa-8356	320	2	of	of	ADP
ajfa-8356	320	3	financial	financial	ADJ
ajfa-8356	320	4	economics	economic	NOUN
ajfa-8356	320	5	,	,	PUNCT
ajfa-8356	320	6	14	14	NUM
ajfa-8356	320	7	,	,	PUNCT
ajfa-8356	320	8	327	327	NUM
ajfa-8356	320	9	-	-	SYM
ajfa-8356	320	10	348	348	NUM
ajfa-8356	320	11	.	.	PUNCT
ajfa-8356	321	1	http://dx.doi.org/10.1016/0304-405x(85)90002-9	http://dx.doi.org/10.1016/0304-405x(85)90002-9	VERB
ajfa-8356	321	2	singla	singla	PRON
ajfa-8356	321	3	,	,	PUNCT
ajfa-8356	321	4	r.	r.	PROPN
ajfa-8356	321	5	,	,	PUNCT
ajfa-8356	321	6	&	&	CCONJ
ajfa-8356	321	7	pastricha	pastricha	PROPN
ajfa-8356	321	8	,	,	PUNCT
ajfa-8356	321	9	j.	j.	PROPN
ajfa-8356	321	10	s.	s.	PROPN
ajfa-8356	321	11	(	(	PUNCT
ajfa-8356	321	12	2012	2012	NUM
ajfa-8356	321	13	)	)	PUNCT
ajfa-8356	321	14	.	.	PUNCT
ajfa-8356	322	1	asset	asset	NOUN
ajfa-8356	322	2	pricing	pricing	NOUN
ajfa-8356	322	3	in	in	ADP
ajfa-8356	322	4	the	the	DET
ajfa-8356	322	5	indian	indian	ADJ
ajfa-8356	322	6	capital	capital	NOUN
ajfa-8356	322	7	market	market	NOUN
ajfa-8356	322	8	:	:	PUNCT
ajfa-8356	322	9	a	a	DET
ajfa-8356	322	10	study	study	NOUN
ajfa-8356	322	11	of	of	ADP
ajfa-8356	322	12	positive	positive	ADJ
ajfa-8356	322	13	and	and	CCONJ
ajfa-8356	322	14	negative	negative	ADJ
ajfa-8356	322	15	return	return	NOUN
ajfa-8356	322	16	periods	period	NOUN
ajfa-8356	322	17	.	.	PUNCT
ajfa-8356	323	1	journal	journal	NOUN
ajfa-8356	323	2	of	of	ADP
ajfa-8356	323	3	academic	academic	ADJ
ajfa-8356	323	4	research	research	NOUN
ajfa-8356	323	5	in	in	ADP
ajfa-8356	323	6	economics	economic	NOUN
ajfa-8356	323	7	,	,	PUNCT
ajfa-8356	323	8	4(1	4(1	NOUN
ajfa-8356	323	9	)	)	PUNCT
ajfa-8356	323	10	,	,	PUNCT
ajfa-8356	323	11	90	90	NUM
ajfa-8356	323	12	-	-	SYM
ajfa-8356	323	13	101	101	NUM
ajfa-8356	323	14	.	.	PUNCT