id	sid	tid	token	lemma	pos
ajfa-8493	1	1	microsoft	microsoft	PROPN
ajfa-8493	1	2	word	word	NOUN
ajfa-8493	1	3	8493	8493	NUM
ajfa-8493	1	4	-	-	SYM
ajfa-8493	1	5	30786	30786	NUM
ajfa-8493	1	6	-	-	PUNCT
ajfa-8493	1	7	1	1	NUM
ajfa-8493	1	8	-	-	PUNCT
ajfa-8493	1	9	sm	sm	NOUN
ajfa-8493	1	10	-	-	PUNCT
ajfa-8493	1	11	writer2	writer2	VERB
ajfa-8493	1	12	-	-	ADJ
ajfa-8493	1	13	new	new	ADJ
ajfa-8493	1	14	-	-	PUNCT
ajfa-8493	1	15	final	final	ADJ
ajfa-8493	1	16	asian	asian	ADJ
ajfa-8493	1	17	journal	journal	NOUN
ajfa-8493	1	18	of	of	ADP
ajfa-8493	1	19	finance	finance	PROPN
ajfa-8493	1	20	&	&	CCONJ
ajfa-8493	1	21	accounting	accounting	PROPN
ajfa-8493	1	22	issn	issn	PROPN
ajfa-8493	1	23	1946	1946	NUM
ajfa-8493	1	24	-	-	PUNCT
ajfa-8493	1	25	052x	052x	NOUN
ajfa-8493	1	26	2015	2015	NUM
ajfa-8493	1	27	,	,	PUNCT
ajfa-8493	1	28	vol	vol	NOUN
ajfa-8493	1	29	.	.	PROPN
ajfa-8493	1	30	7	7	NUM
ajfa-8493	1	31	,	,	PUNCT
ajfa-8493	1	32	no	no	INTJ
ajfa-8493	1	33	.	.	NOUN
ajfa-8493	1	34	2	2	NUM
ajfa-8493	1	35	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-8493	1	36	1	1	NUM
ajfa-8493	1	37	the	the	DET
ajfa-8493	1	38	approaching	approach	VERB
ajfa-8493	1	39	lease	lease	NOUN
ajfa-8493	1	40	accounting	accounting	NOUN
ajfa-8493	1	41	regulations	regulation	NOUN
ajfa-8493	1	42	and	and	CCONJ
ajfa-8493	1	43	its	its	PRON
ajfa-8493	1	44	impact	impact	NOUN
ajfa-8493	1	45	on	on	ADP
ajfa-8493	1	46	cost	cost	NOUN
ajfa-8493	1	47	of	of	ADP
ajfa-8493	1	48	capital	capital	NOUN
ajfa-8493	1	49	,	,	PUNCT
ajfa-8493	1	50	"	"	PUNCT
ajfa-8493	1	51	a	a	DET
ajfa-8493	1	52	practical	practical	ADJ
ajfa-8493	1	53	case	case	NOUN
ajfa-8493	1	54	study	study	NOUN
ajfa-8493	1	55	"	"	PUNCT
ajfa-8493	1	56	shahir	shahir	PROPN
ajfa-8493	1	57	el	el	PROPN
ajfa-8493	1	58	-	-	PROPN
ajfa-8493	1	59	qawaqneh	qawaqneh	PROPN
ajfa-8493	1	60	(	(	PUNCT
ajfa-8493	1	61	corresponding	corresponding	ADJ
ajfa-8493	1	62	author	author	NOUN
ajfa-8493	1	63	)	)	PUNCT
ajfa-8493	1	64	faculty	faculty	NOUN
ajfa-8493	1	65	of	of	ADP
ajfa-8493	1	66	economics	economic	NOUN
ajfa-8493	1	67	&	&	CCONJ
ajfa-8493	1	68	muamalat	muamalat	PROPN
ajfa-8493	1	69	university	university	NOUN
ajfa-8493	1	70	sains	sain	NOUN
ajfa-8493	1	71	islam	islam	PROPN
ajfa-8493	1	72	malaysia	malaysia	PROPN
ajfa-8493	1	73	,	,	PUNCT
ajfa-8493	1	74	malaysia,71800	malaysia,71800	VERB
ajfa-8493	1	75	tel	tel	PROPN
ajfa-8493	1	76	:	:	PUNCT
ajfa-8493	1	77	60	60	NUM
ajfa-8493	1	78	-	-	SYM
ajfa-8493	1	79	16	16	NUM
ajfa-8493	1	80	-	-	PUNCT
ajfa-8493	1	81	796	796	NUM
ajfa-8493	1	82	-	-	SYM
ajfa-8493	1	83	301	301	NUM
ajfa-8493	1	84	e	e	NOUN
ajfa-8493	1	85	-	-	NOUN
ajfa-8493	1	86	mail	mail	NOUN
ajfa-8493	1	87	:	:	PUNCT
ajfa-8493	2	1	selkawakneh@gmail.com	selkawakneh@gmail.com	X
ajfa-8493	2	2	dr	dr	PROPN
ajfa-8493	2	3	.	.	PROPN
ajfa-8493	2	4	nurhidayahbintilaili	nurhidayahbintilaili	PROPN
ajfa-8493	2	5	faculty	faculty	NOUN
ajfa-8493	2	6	of	of	ADP
ajfa-8493	2	7	economics	economic	NOUN
ajfa-8493	2	8	&	&	CCONJ
ajfa-8493	2	9	muamalat	muamalat	PROPN
ajfa-8493	2	10	,	,	PUNCT
ajfa-8493	2	11	university	university	NOUN
ajfa-8493	2	12	sains	sain	NOUN
ajfa-8493	2	13	islam	islam	PROPN
ajfa-8493	2	14	malaysia	malaysia	PROPN
ajfa-8493	2	15	,	,	PUNCT
ajfa-8493	2	16	malaysia,71800	malaysia,71800	VERB
ajfa-8493	2	17	tel	tel	PROPN
ajfa-8493	2	18	:	:	PUNCT
ajfa-8493	2	19	60	60	NUM
ajfa-8493	2	20	-	-	SYM
ajfa-8493	2	21	12	12	NUM
ajfa-8493	2	22	-	-	PUNCT
ajfa-8493	2	23	233	233	NUM
ajfa-8493	2	24	-	-	PUNCT
ajfa-8493	2	25	1203e	1203e	NUM
ajfa-8493	2	26	-	-	PUNCT
ajfa-8493	2	27	mail	mail	NOUN
ajfa-8493	2	28	:	:	PUNCT
ajfa-8493	2	29	hidayah@usim.edu.my	hidayah@usim.edu.my	PROPN
ajfa-8493	2	30	drkhairil	drkhairil	PROPN
ajfa-8493	2	31	f.	f.	PROPN
ajfa-8493	2	32	bin	bin	PROPN
ajfa-8493	2	33	khairi	khairi	PROPN
ajfa-8493	2	34	faculty	faculty	NOUN
ajfa-8493	2	35	of	of	ADP
ajfa-8493	2	36	economics	economics	PROPN
ajfa-8493	2	37	&	&	CCONJ
ajfa-8493	2	38	muamalat	muamalat	PROPN
ajfa-8493	2	39	university	university	NOUN
ajfa-8493	2	40	sains	sain	NOUN
ajfa-8493	2	41	islam	islam	PROPN
ajfa-8493	2	42	malaysia	malaysia	PROPN
ajfa-8493	2	43	,	,	PUNCT
ajfa-8493	2	44	malaysia,71800	malaysia,71800	VERB
ajfa-8493	2	45	tel	tel	PROPN
ajfa-8493	2	46	:	:	PUNCT
ajfa-8493	2	47	60	60	NUM
ajfa-8493	2	48	-	-	SYM
ajfa-8493	2	49	17	17	NUM
ajfa-8493	2	50	-	-	PUNCT
ajfa-8493	2	51	260	260	NUM
ajfa-8493	2	52	-	-	PUNCT
ajfa-8493	2	53	1814e	1814e	NUM
ajfa-8493	2	54	-	-	PUNCT
ajfa-8493	2	55	mail	mail	NOUN
ajfa-8493	2	56	:	:	PUNCT
ajfa-8493	2	57	khairil@usim.edu.my	khairil@usim.edu.my	PROPN
ajfa-8493	2	58	received	receive	VERB
ajfa-8493	2	59	:	:	PUNCT
ajfa-8493	2	60	oct.27	oct.27	ADJ
ajfa-8493	2	61	,	,	PUNCT
ajfa-8493	2	62	2015	2015	NUM
ajfa-8493	2	63	accepted	accept	VERB
ajfa-8493	2	64	:	:	PUNCT
ajfa-8493	2	65	nov23	nov23	ADP
ajfa-8493	2	66	,	,	PUNCT
ajfa-8493	2	67	2015	2015	NUM
ajfa-8493	2	68	published	publish	VERB
ajfa-8493	2	69	:	:	PUNCT
ajfa-8493	2	70	december	december	PROPN
ajfa-8493	2	71	1	1	NUM
ajfa-8493	2	72	,	,	PUNCT
ajfa-8493	2	73	2015	2015	NUM
ajfa-8493	2	74	doi:10.5296	doi:10.5296	NOUN
ajfa-8493	2	75	/	/	SYM
ajfa-8493	2	76	ajfa.v7i2.8493	ajfa.v7i2.8493	NUM
ajfa-8493	2	77	url	url	PROPN
ajfa-8493	2	78	:	:	PUNCT
ajfa-8493	2	79	http://dx.doi.org/10.5296/ajfa.v7i2.8493	http://dx.doi.org/10.5296/ajfa.v7i2.8493	X
ajfa-8493	2	80	abstract	abstract	NOUN
ajfa-8493	2	81	we	we	PRON
ajfa-8493	2	82	examine	examine	VERB
ajfa-8493	2	83	how	how	SCONJ
ajfa-8493	2	84	the	the	DET
ajfa-8493	2	85	approaching	approach	VERB
ajfa-8493	2	86	international	international	ADJ
ajfa-8493	2	87	lease	lease	NOUN
ajfa-8493	2	88	accounting	accounting	NOUN
ajfa-8493	2	89	regulations	regulation	NOUN
ajfa-8493	2	90	influence	influence	NOUN
ajfa-8493	2	91	credit	credit	NOUN
ajfa-8493	2	92	rating	rating	NOUN
ajfa-8493	2	93	of	of	ADP
ajfa-8493	2	94	particular	particular	ADJ
ajfa-8493	2	95	airfreight	airfreight	NOUN
ajfa-8493	2	96	company	company	NOUN
ajfa-8493	2	97	,	,	PUNCT
ajfa-8493	2	98	we	we	PRON
ajfa-8493	2	99	capitalize	capitalize	VERB
ajfa-8493	2	100	all	all	PRON
ajfa-8493	2	101	of	of	ADP
ajfa-8493	2	102	still	still	ADV
ajfa-8493	2	103	effective	effective	ADJ
ajfa-8493	2	104	operation	operation	NOUN
ajfa-8493	2	105	lease	lease	NOUN
ajfa-8493	2	106	agreements	agreement	NOUN
ajfa-8493	2	107	commencing	commence	VERB
ajfa-8493	2	108	in	in	ADP
ajfa-8493	2	109	2002	2002	NUM
ajfa-8493	2	110	and	and	CCONJ
ajfa-8493	2	111	expired	expire	VERB
ajfa-8493	2	112	on	on	ADP
ajfa-8493	2	113	2026	2026	NUM
ajfa-8493	2	114	.	.	PUNCT
ajfa-8493	3	1	in	in	ADP
ajfa-8493	3	2	particular	particular	ADJ
ajfa-8493	3	3	we	we	PRON
ajfa-8493	3	4	use	use	VERB
ajfa-8493	3	5	actual	actual	ADJ
ajfa-8493	3	6	operation	operation	NOUN
ajfa-8493	3	7	lease	lease	NOUN
ajfa-8493	3	8	data	datum	NOUN
ajfa-8493	3	9	,	,	PUNCT
ajfa-8493	3	10	not	not	PART
ajfa-8493	3	11	only	only	ADV
ajfa-8493	3	12	the	the	DET
ajfa-8493	3	13	disclosed	disclose	VERB
ajfa-8493	3	14	with	with	ADP
ajfa-8493	3	15	off	off	ADP
ajfa-8493	3	16	-	-	PUNCT
ajfa-8493	3	17	balance	balance	NOUN
ajfa-8493	3	18	sheet	sheet	NOUN
ajfa-8493	3	19	.	.	PUNCT
ajfa-8493	4	1	our	our	PRON
ajfa-8493	4	2	results	result	NOUN
ajfa-8493	4	3	suggest	suggest	VERB
ajfa-8493	4	4	that	that	SCONJ
ajfa-8493	4	5	,	,	PUNCT
ajfa-8493	4	6	on	on	ADP
ajfa-8493	4	7	average	average	ADJ
ajfa-8493	4	8	,	,	PUNCT
ajfa-8493	4	9	capitalization	capitalization	NOUN
ajfa-8493	4	10	of	of	ADP
ajfa-8493	4	11	over	over	ADP
ajfa-8493	4	12	12	12	NUM
ajfa-8493	4	13	months	month	NOUN
ajfa-8493	4	14	term	term	NOUN
ajfa-8493	4	15	operation	operation	NOUN
ajfa-8493	4	16	leases	lease	NOUN
ajfa-8493	4	17	,	,	PUNCT
ajfa-8493	4	18	dramatically	dramatically	ADV
ajfa-8493	4	19	alter	alter	VERB
ajfa-8493	4	20	capital	capital	NOUN
ajfa-8493	4	21	structure	structure	NOUN
ajfa-8493	4	22	.	.	PUNCT
ajfa-8493	5	1	results	result	VERB
ajfa-8493	5	2	either	either	CCONJ
ajfa-8493	5	3	reports	report	VERB
ajfa-8493	5	4	a	a	DET
ajfa-8493	5	5	positive	positive	ADJ
ajfa-8493	5	6	impact	impact	NOUN
ajfa-8493	5	7	on	on	ADP
ajfa-8493	5	8	weighted	weight	VERB
ajfa-8493	5	9	average	average	ADJ
ajfa-8493	5	10	cost	cost	NOUN
ajfa-8493	5	11	of	of	ADP
ajfa-8493	5	12	capital	capital	PROPN
ajfa-8493	5	13	wacc	wacc	PROPN
ajfa-8493	5	14	,	,	PUNCT
ajfa-8493	5	15	credit	credit	NOUN
ajfa-8493	5	16	rating	rating	NOUN
ajfa-8493	5	17	is	be	AUX
ajfa-8493	5	18	a	a	DET
ajfa-8493	5	19	financial	financial	ADJ
ajfa-8493	5	20	risk	risk	NOUN
ajfa-8493	5	21	assessment	assessment	NOUN
ajfa-8493	5	22	measurement	measurement	NOUN
ajfa-8493	5	23	used	use	VERB
ajfa-8493	5	24	by	by	ADP
ajfa-8493	5	25	credit	credit	NOUN
ajfa-8493	5	26	holders	holder	NOUN
ajfa-8493	5	27	,	,	PUNCT
ajfa-8493	5	28	investors	investor	NOUN
ajfa-8493	5	29	,	,	PUNCT
ajfa-8493	5	30	and	and	CCONJ
ajfa-8493	5	31	analysis	analysis	NOUN
ajfa-8493	5	32	,	,	PUNCT
ajfa-8493	5	33	our	our	PRON
ajfa-8493	5	34	results	result	NOUN
ajfa-8493	5	35	is	be	AUX
ajfa-8493	5	36	consistent	consistent	ADJ
ajfa-8493	5	37	with	with	ADP
ajfa-8493	5	38	the	the	DET
ajfa-8493	5	39	lease	lease	NOUN
ajfa-8493	5	40	accounting	accounting	NOUN
ajfa-8493	5	41	standard	standard	ADJ
ajfa-8493	5	42	sitters	sitter	NOUN
ajfa-8493	5	43	point	point	NOUN
ajfa-8493	5	44	of	of	ADP
ajfa-8493	5	45	view	view	NOUN
ajfa-8493	5	46	;	;	PUNCT
ajfa-8493	5	47	asian	asian	ADJ
ajfa-8493	5	48	journal	journal	NOUN
ajfa-8493	5	49	of	of	ADP
ajfa-8493	5	50	finance	finance	PROPN
ajfa-8493	5	51	&	&	CCONJ
ajfa-8493	5	52	accounting	accounting	PROPN
ajfa-8493	5	53	issn	issn	PROPN
ajfa-8493	5	54	1946	1946	NUM
ajfa-8493	5	55	-	-	PUNCT
ajfa-8493	5	56	052x	052x	NOUN
ajfa-8493	5	57	2015	2015	NUM
ajfa-8493	5	58	,	,	PUNCT
ajfa-8493	5	59	vol	vol	NOUN
ajfa-8493	5	60	.	.	PROPN
ajfa-8493	5	61	7	7	NUM
ajfa-8493	5	62	,	,	PUNCT
ajfa-8493	5	63	no	no	INTJ
ajfa-8493	5	64	.	.	NOUN
ajfa-8493	5	65	2	2	NUM
ajfa-8493	5	66	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-8493	5	67	2	2	NUM
ajfa-8493	5	68	investors	investor	NOUN
ajfa-8493	5	69	and	and	CCONJ
ajfa-8493	5	70	credit	credit	NOUN
ajfa-8493	5	71	holders	holder	NOUN
ajfa-8493	5	72	have	have	VERB
ajfa-8493	5	73	the	the	DET
ajfa-8493	5	74	right	right	NOUN
ajfa-8493	5	75	to	to	PART
ajfa-8493	5	76	obtain	obtain	VERB
ajfa-8493	5	77	a	a	DET
ajfa-8493	5	78	full	full	ADJ
ajfa-8493	5	79	transparent	transparent	ADJ
ajfa-8493	5	80	picture	picture	NOUN
ajfa-8493	5	81	about	about	ADP
ajfa-8493	5	82	firms	firm	NOUN
ajfa-8493	5	83	lease	lease	NOUN
ajfa-8493	5	84	activities	activity	NOUN
ajfa-8493	5	85	in	in	ADP
ajfa-8493	5	86	benefit	benefit	NOUN
ajfa-8493	5	87	of	of	ADP
ajfa-8493	5	88	all	all	DET
ajfa-8493	5	89	parties	party	NOUN
ajfa-8493	5	90	.	.	PUNCT
ajfa-8493	6	1	we	we	PRON
ajfa-8493	6	2	also	also	ADV
ajfa-8493	6	3	find	find	VERB
ajfa-8493	6	4	some	some	DET
ajfa-8493	6	5	evidence	evidence	NOUN
ajfa-8493	6	6	that	that	SCONJ
ajfa-8493	6	7	the	the	DET
ajfa-8493	6	8	positive	positive	ADJ
ajfa-8493	6	9	change	change	NOUN
ajfa-8493	6	10	in	in	ADP
ajfa-8493	6	11	wacc	wacc	PROPN
ajfa-8493	6	12	is	be	AUX
ajfa-8493	6	13	related	relate	VERB
ajfa-8493	6	14	to	to	ADP
ajfa-8493	6	15	the	the	DET
ajfa-8493	6	16	increasing	increase	VERB
ajfa-8493	6	17	portion	portion	NOUN
ajfa-8493	6	18	of	of	ADP
ajfa-8493	6	19	capitalized	capitalize	VERB
ajfa-8493	6	20	lease	lease	NOUN
ajfa-8493	6	21	liability	liability	NOUN
ajfa-8493	6	22	accompanied	accompany	VERB
ajfa-8493	6	23	with	with	ADP
ajfa-8493	6	24	an	an	DET
ajfa-8493	6	25	escalating	escalate	VERB
ajfa-8493	6	26	decreeing	decreeing	NOUN
ajfa-8493	6	27	in	in	ADP
ajfa-8493	6	28	conventional	conventional	ADJ
ajfa-8493	6	29	debt	debt	NOUN
ajfa-8493	6	30	,	,	PUNCT
ajfa-8493	6	31	in	in	ADP
ajfa-8493	6	32	certain	certain	ADJ
ajfa-8493	6	33	conditions	condition	NOUN
ajfa-8493	6	34	,	,	PUNCT
ajfa-8493	6	35	this	this	DET
ajfa-8493	6	36	result	result	NOUN
ajfa-8493	6	37	suggests	suggest	VERB
ajfa-8493	6	38	that	that	SCONJ
ajfa-8493	6	39	financial	financial	ADJ
ajfa-8493	6	40	lease	lease	NOUN
ajfa-8493	6	41	has	have	VERB
ajfa-8493	6	42	the	the	DET
ajfa-8493	6	43	advantage	advantage	NOUN
ajfa-8493	6	44	over	over	ADP
ajfa-8493	6	45	conventional	conventional	ADJ
ajfa-8493	6	46	debt	debt	NOUN
ajfa-8493	6	47	.	.	PUNCT
ajfa-8493	7	1	keywords	keyword	NOUN
ajfa-8493	7	2	:	:	PUNCT
ajfa-8493	7	3	lease	lease	VERB
ajfa-8493	7	4	accounting	accounting	NOUN
ajfa-8493	7	5	reform	reform	NOUN
ajfa-8493	7	6	,	,	PUNCT
ajfa-8493	7	7	capitalization	capitalization	NOUN
ajfa-8493	7	8	,	,	PUNCT
ajfa-8493	7	9	financial	financial	ADJ
ajfa-8493	7	10	risk	risk	NOUN
ajfa-8493	7	11	,	,	PUNCT
ajfa-8493	7	12	cost	cost	NOUN
ajfa-8493	7	13	of	of	ADP
ajfa-8493	7	14	capital	capital	NOUN
ajfa-8493	7	15	,	,	PUNCT
ajfa-8493	7	16	credit	credit	NOUN
ajfa-8493	7	17	rating	rating	NOUN
ajfa-8493	7	18	asian	asian	ADJ
ajfa-8493	7	19	journal	journal	NOUN
ajfa-8493	7	20	of	of	ADP
ajfa-8493	7	21	finance	finance	PROPN
ajfa-8493	7	22	&	&	CCONJ
ajfa-8493	7	23	accounting	accounting	PROPN
ajfa-8493	7	24	issn	issn	PROPN
ajfa-8493	7	25	1946	1946	NUM
ajfa-8493	7	26	-	-	PUNCT
ajfa-8493	7	27	052x	052x	NOUN
ajfa-8493	7	28	2015	2015	NUM
ajfa-8493	7	29	,	,	PUNCT
ajfa-8493	7	30	vol	vol	NOUN
ajfa-8493	7	31	.	.	PROPN
ajfa-8493	7	32	7	7	NUM
ajfa-8493	7	33	,	,	PUNCT
ajfa-8493	7	34	no	no	INTJ
ajfa-8493	7	35	.	.	NOUN
ajfa-8493	7	36	2	2	NUM
ajfa-8493	7	37	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-8493	7	38	3	3	NUM
ajfa-8493	7	39	1	1	NUM
ajfa-8493	7	40	.	.	PUNCT
ajfa-8493	8	1	introduction	introduction	NOUN
ajfa-8493	8	2	the	the	DET
ajfa-8493	8	3	relationship	relationship	NOUN
ajfa-8493	8	4	between	between	ADP
ajfa-8493	8	5	contractual	contractual	ADJ
ajfa-8493	8	6	hidden	hide	VERB
ajfa-8493	8	7	obligations	obligation	NOUN
ajfa-8493	8	8	such	such	ADJ
ajfa-8493	8	9	like	like	ADP
ajfa-8493	8	10	operating	operating	NOUN
ajfa-8493	8	11	leases	lease	NOUN
ajfa-8493	8	12	and	and	CCONJ
ajfa-8493	8	13	equity	equity	NOUN
ajfa-8493	8	14	risk	risk	NOUN
ajfa-8493	8	15	has	have	AUX
ajfa-8493	8	16	been	be	AUX
ajfa-8493	8	17	an	an	DET
ajfa-8493	8	18	issue	issue	NOUN
ajfa-8493	8	19	of	of	ADP
ajfa-8493	8	20	attention	attention	NOUN
ajfa-8493	8	21	for	for	ADP
ajfa-8493	8	22	long	long	ADJ
ajfa-8493	8	23	time	time	NOUN
ajfa-8493	8	24	.	.	PUNCT
ajfa-8493	9	1	higher	high	ADJ
ajfa-8493	9	2	of	of	ADP
ajfa-8493	9	3	equity	equity	NOUN
ajfa-8493	9	4	capital	capital	NOUN
ajfa-8493	9	5	return	return	NOUN
ajfa-8493	9	6	and	and	CCONJ
ajfa-8493	9	7	higher	high	ADJ
ajfa-8493	9	8	of	of	ADP
ajfa-8493	9	9	debt	debt	NOUN
ajfa-8493	9	10	return	return	NOUN
ajfa-8493	9	11	may	may	AUX
ajfa-8493	9	12	be	be	AUX
ajfa-8493	9	13	required	require	VERB
ajfa-8493	9	14	by	by	ADP
ajfa-8493	9	15	investors	investor	NOUN
ajfa-8493	9	16	and	and	CCONJ
ajfa-8493	9	17	lenders	lender	NOUN
ajfa-8493	9	18	to	to	PART
ajfa-8493	9	19	compensate	compensate	VERB
ajfa-8493	9	20	for	for	ADP
ajfa-8493	9	21	unrecorded	unrecorded	ADJ
ajfa-8493	9	22	liabilities	liability	NOUN
ajfa-8493	9	23	and	and	CCONJ
ajfa-8493	9	24	uncompleted	uncompleted	ADJ
ajfa-8493	9	25	or	or	CCONJ
ajfa-8493	9	26	hidden	hidden	ADJ
ajfa-8493	9	27	information	information	NOUN
ajfa-8493	9	28	.	.	PUNCT
ajfa-8493	10	1	a	a	DET
ajfa-8493	10	2	new	new	ADJ
ajfa-8493	10	3	lease	lease	NOUN
ajfa-8493	10	4	accounting	accounting	NOUN
ajfa-8493	10	5	model	model	NOUN
ajfa-8493	10	6	is	be	AUX
ajfa-8493	10	7	expected	expect	VERB
ajfa-8493	10	8	within	within	ADP
ajfa-8493	10	9	the	the	DET
ajfa-8493	10	10	end	end	NOUN
ajfa-8493	10	11	of	of	ADP
ajfa-8493	10	12	2015	2015	NUM
ajfa-8493	10	13	,	,	PUNCT
ajfa-8493	10	14	the	the	DET
ajfa-8493	10	15	new	new	ADJ
ajfa-8493	10	16	upcoming	upcoming	ADJ
ajfa-8493	10	17	regulations	regulation	NOUN
ajfa-8493	10	18	came	come	VERB
ajfa-8493	10	19	with	with	ADP
ajfa-8493	10	20	a	a	DET
ajfa-8493	10	21	notion	notion	NOUN
ajfa-8493	10	22	of	of	ADP
ajfa-8493	10	23	lease	lease	NOUN
ajfa-8493	10	24	information	information	NOUN
ajfa-8493	10	25	transparency	transparency	NOUN
ajfa-8493	10	26	.	.	PUNCT
ajfa-8493	11	1	investors	investor	NOUN
ajfa-8493	11	2	,	,	PUNCT
ajfa-8493	11	3	lenders	lender	NOUN
ajfa-8493	11	4	,	,	PUNCT
ajfa-8493	11	5	and	and	CCONJ
ajfa-8493	11	6	analysis	analysis	NOUN
ajfa-8493	11	7	have	have	VERB
ajfa-8493	11	8	the	the	DET
ajfa-8493	11	9	right	right	NOUN
ajfa-8493	11	10	to	to	PART
ajfa-8493	11	11	get	get	VERB
ajfa-8493	11	12	complete	complete	ADJ
ajfa-8493	11	13	transparent	transparent	ADJ
ajfa-8493	11	14	information	information	NOUN
ajfa-8493	11	15	about	about	ADP
ajfa-8493	11	16	firms	firm	NOUN
ajfa-8493	11	17	lease	lease	NOUN
ajfa-8493	11	18	activities	activity	NOUN
ajfa-8493	11	19	,	,	PUNCT
ajfa-8493	11	20	therefore	therefore	ADV
ajfa-8493	11	21	the	the	DET
ajfa-8493	11	22	new	new	ADJ
ajfa-8493	11	23	upcoming	upcoming	ADJ
ajfa-8493	11	24	lease	lease	NOUN
ajfa-8493	11	25	accounting	accounting	NOUN
ajfa-8493	11	26	regulations	regulation	NOUN
ajfa-8493	11	27	committed	commit	VERB
ajfa-8493	11	28	lessees	lessee	NOUN
ajfa-8493	11	29	to	to	PART
ajfa-8493	11	30	capitalize	capitalize	VERB
ajfa-8493	11	31	all	all	PRON
ajfa-8493	11	32	above	above	ADP
ajfa-8493	11	33	12	12	NUM
ajfa-8493	11	34	months	month	NOUN
ajfa-8493	11	35	term	term	NOUN
ajfa-8493	11	36	uncancellable	uncancellable	ADJ
ajfa-8493	11	37	lease	lease	NOUN
ajfa-8493	11	38	obligations	obligation	NOUN
ajfa-8493	11	39	.	.	PUNCT
ajfa-8493	12	1	lessors	lessor	NOUN
ajfa-8493	12	2	and	and	CCONJ
ajfa-8493	12	3	lessees	lessee	NOUN
ajfa-8493	12	4	should	should	AUX
ajfa-8493	12	5	report	report	VERB
ajfa-8493	12	6	useful	useful	ADJ
ajfa-8493	12	7	information	information	NOUN
ajfa-8493	12	8	about	about	ADP
ajfa-8493	12	9	the	the	DET
ajfa-8493	12	10	cash	cash	NOUN
ajfa-8493	12	11	flows	flow	NOUN
ajfa-8493	12	12	arising	arise	VERB
ajfa-8493	12	13	from	from	ADP
ajfa-8493	12	14	leasing	lease	VERB
ajfa-8493	12	15	contracts	contract	NOUN
ajfa-8493	12	16	,	,	PUNCT
ajfa-8493	12	17	more	more	ADJ
ajfa-8493	12	18	transparency	transparency	NOUN
ajfa-8493	12	19	on	on	ADP
ajfa-8493	12	20	leverage	leverage	NOUN
ajfa-8493	12	21	financing	financing	NOUN
ajfa-8493	12	22	would	would	AUX
ajfa-8493	12	23	enhance	enhance	VERB
ajfa-8493	12	24	comparability	comparability	NOUN
ajfa-8493	12	25	.	.	PUNCT
ajfa-8493	13	1	han	han	PROPN
ajfa-8493	13	2	hoogervorst	hoogervorst	PROPN
ajfa-8493	13	3	,	,	PUNCT
ajfa-8493	13	4	the	the	DET
ajfa-8493	13	5	chairman	chairman	NOUN
ajfa-8493	13	6	of	of	ADP
ajfa-8493	13	7	iasb	iasb	NOUN
ajfa-8493	13	8	,	,	PUNCT
ajfa-8493	13	9	and	and	CCONJ
ajfa-8493	13	10	leslie	leslie	PROPN
ajfa-8493	13	11	seidman	seidman	PROPN
ajfa-8493	13	12	,	,	PUNCT
ajfa-8493	13	13	the	the	DET
ajfa-8493	13	14	chairman	chairman	NOUN
ajfa-8493	13	15	of	of	ADP
ajfa-8493	13	16	fasb	fasb	PROPN
ajfa-8493	13	17	stressed	stress	VERB
ajfa-8493	13	18	that	that	SCONJ
ajfa-8493	13	19	developing	develop	VERB
ajfa-8493	13	20	of	of	ADP
ajfa-8493	13	21	an	an	DET
ajfa-8493	13	22	improved	improved	ADJ
ajfa-8493	13	23	lease	lease	NOUN
ajfa-8493	13	24	accounting	accounting	NOUN
ajfa-8493	13	25	standard	standard	NOUN
ajfa-8493	13	26	is	be	AUX
ajfa-8493	13	27	vital	vital	ADJ
ajfa-8493	13	28	,	,	PUNCT
ajfa-8493	13	29	investors	investor	NOUN
ajfa-8493	13	30	have	have	VERB
ajfa-8493	13	31	the	the	DET
ajfa-8493	13	32	right	right	NOUN
ajfa-8493	13	33	to	to	PART
ajfa-8493	13	34	determine	determine	VERB
ajfa-8493	13	35	the	the	DET
ajfa-8493	13	36	hidden	hide	VERB
ajfa-8493	13	37	leverage	leverage	NOUN
ajfa-8493	13	38	from	from	ADP
ajfa-8493	13	39	leasing	lease	VERB
ajfa-8493	13	40	,	,	PUNCT
ajfa-8493	13	41	the	the	DET
ajfa-8493	13	42	proposed	propose	VERB
ajfa-8493	13	43	lease	lease	NOUN
ajfa-8493	13	44	accounting	accounting	NOUN
ajfa-8493	13	45	standard	standard	NOUN
ajfa-8493	13	46	is	be	AUX
ajfa-8493	13	47	to	to	PART
ajfa-8493	13	48	address	address	VERB
ajfa-8493	13	49	the	the	DET
ajfa-8493	13	50	inadequacies	inadequacy	NOUN
ajfa-8493	13	51	of	of	ADP
ajfa-8493	13	52	current	current	ADJ
ajfa-8493	13	53	lease	lease	NOUN
ajfa-8493	13	54	accounting	accounting	NOUN
ajfa-8493	13	55	heffes	heffe	NOUN
ajfa-8493	13	56	(	(	PUNCT
ajfa-8493	13	57	2013).lease	2013).lease	NUM
ajfa-8493	13	58	accounting	accounting	NOUN
ajfa-8493	13	59	reform	reform	NOUN
ajfa-8493	13	60	would	would	AUX
ajfa-8493	13	61	manipulate	manipulate	VERB
ajfa-8493	13	62	all	all	DET
ajfa-8493	13	63	financial	financial	ADJ
ajfa-8493	13	64	statements	statement	NOUN
ajfa-8493	13	65	,	,	PUNCT
ajfa-8493	13	66	and	and	CCONJ
ajfa-8493	13	67	consequently	consequently	ADV
ajfa-8493	13	68	stir	stir	VERB
ajfa-8493	13	69	investors	investor	NOUN
ajfa-8493	13	70	to	to	PART
ajfa-8493	13	71	consider	consider	VERB
ajfa-8493	13	72	operation	operation	NOUN
ajfa-8493	13	73	lease	lease	NOUN
ajfa-8493	13	74	capitalization	capitalization	NOUN
ajfa-8493	13	75	’s	’s	PART
ajfa-8493	13	76	impact	impact	NOUN
ajfa-8493	13	77	on	on	ADP
ajfa-8493	13	78	their	their	PRON
ajfa-8493	13	79	risk	risk	NOUN
ajfa-8493	13	80	assessment	assessment	NOUN
ajfa-8493	13	81	.	.	PUNCT
ajfa-8493	14	1	in	in	ADP
ajfa-8493	14	2	particular	particular	ADJ
ajfa-8493	14	3	,	,	PUNCT
ajfa-8493	14	4	lender	lender	NOUN
ajfa-8493	14	5	should	should	AUX
ajfa-8493	14	6	consider	consider	VERB
ajfa-8493	14	7	the	the	DET
ajfa-8493	14	8	lease	lease	NOUN
ajfa-8493	14	9	accounting	accounting	NOUN
ajfa-8493	14	10	’s	’s	PART
ajfa-8493	14	11	new	new	ADJ
ajfa-8493	14	12	rules	rule	NOUN
ajfa-8493	14	13	in	in	ADP
ajfa-8493	14	14	their	their	PRON
ajfa-8493	14	15	lessees	lessee	NOUN
ajfa-8493	14	16	’	’	PART
ajfa-8493	14	17	credit	credit	NOUN
ajfa-8493	14	18	worthiness	worthiness	NOUN
ajfa-8493	14	19	assessments	assessment	NOUN
ajfa-8493	14	20	while	while	SCONJ
ajfa-8493	14	21	the	the	DET
ajfa-8493	14	22	credibility	credibility	NOUN
ajfa-8493	14	23	analysts	analyst	NOUN
ajfa-8493	14	24	should	should	AUX
ajfa-8493	14	25	also	also	ADV
ajfa-8493	14	26	consider	consider	VERB
ajfa-8493	14	27	the	the	DET
ajfa-8493	14	28	change	change	NOUN
ajfa-8493	14	29	.	.	PUNCT
ajfa-8493	15	1	this	this	DET
ajfa-8493	15	2	research	research	NOUN
ajfa-8493	15	3	paper	paper	NOUN
ajfa-8493	15	4	is	be	AUX
ajfa-8493	15	5	an	an	DET
ajfa-8493	15	6	extension	extension	NOUN
ajfa-8493	15	7	of	of	ADP
ajfa-8493	15	8	prior	prior	ADJ
ajfa-8493	15	9	work	work	NOUN
ajfa-8493	15	10	,	,	PUNCT
ajfa-8493	15	11	it	it	PRON
ajfa-8493	15	12	contribute	contribute	VERB
ajfa-8493	15	13	to	to	ADP
ajfa-8493	15	14	the	the	DET
ajfa-8493	15	15	ongoing	ongoing	ADJ
ajfa-8493	15	16	international	international	ADJ
ajfa-8493	15	17	debate	debate	NOUN
ajfa-8493	15	18	concerning	concern	VERB
ajfa-8493	15	19	the	the	DET
ajfa-8493	15	20	approaching	approach	VERB
ajfa-8493	15	21	proposed	propose	VERB
ajfa-8493	15	22	lease	lease	NOUN
ajfa-8493	15	23	accounting	accounting	NOUN
ajfa-8493	15	24	standard	standard	NOUN
ajfa-8493	15	25	and	and	CCONJ
ajfa-8493	15	26	its	its	PRON
ajfa-8493	15	27	economic	economic	ADJ
ajfa-8493	15	28	consequences	consequence	NOUN
ajfa-8493	15	29	,	,	PUNCT
ajfa-8493	15	30	it	it	PRON
ajfa-8493	15	31	is	be	AUX
ajfa-8493	15	32	recommended	recommend	VERB
ajfa-8493	15	33	byhan	byhan	ADV
ajfa-8493	15	34	(	(	PUNCT
ajfa-8493	15	35	2010	2010	NUM
ajfa-8493	15	36	)	)	PUNCT
ajfa-8493	15	37	and	and	CCONJ
ajfa-8493	15	38	de	de	X
ajfa-8493	15	39	villiers	villier	NOUN
ajfa-8493	15	40	and	and	CCONJ
ajfa-8493	15	41	middelberg	middelberg	PROPN
ajfa-8493	15	42	(	(	PUNCT
ajfa-8493	15	43	2013	2013	NUM
ajfa-8493	15	44	)	)	PUNCT
ajfa-8493	15	45	.	.	PUNCT
ajfa-8493	16	1	de	de	PROPN
ajfa-8493	16	2	villires	villire	NOUN
ajfa-8493	16	3	recommended	recommend	VERB
ajfa-8493	16	4	a	a	DET
ajfa-8493	16	5	case	case	NOUN
ajfa-8493	16	6	study	study	NOUN
ajfa-8493	16	7	research	research	NOUN
ajfa-8493	16	8	design	design	NOUN
ajfa-8493	16	9	that	that	PRON
ajfa-8493	16	10	could	could	AUX
ajfa-8493	16	11	be	be	AUX
ajfa-8493	16	12	used	use	VERB
ajfa-8493	16	13	to	to	PART
ajfa-8493	16	14	ensure	ensure	VERB
ajfa-8493	16	15	a	a	DET
ajfa-8493	16	16	more	more	ADV
ajfa-8493	16	17	accurate	accurate	ADJ
ajfa-8493	16	18	estimation	estimation	NOUN
ajfa-8493	16	19	of	of	ADP
ajfa-8493	16	20	operating	operating	NOUN
ajfa-8493	16	21	lease	lease	NOUN
ajfa-8493	16	22	capitalization	capitalization	NOUN
ajfa-8493	16	23	impact	impact	NOUN
ajfa-8493	16	24	on	on	ADP
ajfa-8493	16	25	a	a	DET
ajfa-8493	16	26	specific	specific	ADJ
ajfa-8493	16	27	company	company	NOUN
ajfa-8493	16	28	,	,	PUNCT
ajfa-8493	16	29	asmall	asmall	PROPN
ajfa-8493	16	30	sample	sample	NOUN
ajfa-8493	16	31	will	will	AUX
ajfa-8493	16	32	ensure	ensure	VERB
ajfa-8493	16	33	that	that	SCONJ
ajfa-8493	16	34	the	the	DET
ajfa-8493	16	35	lease	lease	NOUN
ajfa-8493	16	36	contracts	contract	NOUN
ajfa-8493	16	37	could	could	AUX
ajfa-8493	16	38	be	be	AUX
ajfa-8493	16	39	investigated	investigate	VERB
ajfa-8493	16	40	on	on	ADP
ajfa-8493	16	41	a	a	DET
ajfa-8493	16	42	lease	lease	NOUN
ajfa-8493	16	43	-	-	PUNCT
ajfa-8493	16	44	by	by	NOUN
ajfa-8493	16	45	lease	lease	NOUN
ajfa-8493	16	46	basis	basis	NOUN
ajfa-8493	16	47	in	in	ADP
ajfa-8493	16	48	order	order	NOUN
ajfa-8493	16	49	to	to	PART
ajfa-8493	16	50	determine	determine	VERB
ajfa-8493	16	51	the	the	DET
ajfa-8493	16	52	exact	exact	ADJ
ajfa-8493	16	53	remaining	remain	VERB
ajfa-8493	16	54	lease	lease	NOUN
ajfa-8493	16	55	term	term	NOUN
ajfa-8493	16	56	,	,	PUNCT
ajfa-8493	16	57	remaining	remain	VERB
ajfa-8493	16	58	minimum	minimum	ADJ
ajfa-8493	16	59	lease	lease	NOUN
ajfa-8493	16	60	payments	payment	NOUN
ajfa-8493	16	61	,	,	PUNCT
ajfa-8493	16	62	and	and	CCONJ
ajfa-8493	16	63	any	any	DET
ajfa-8493	16	64	other	other	ADJ
ajfa-8493	16	65	items	item	NOUN
ajfa-8493	16	66	that	that	PRON
ajfa-8493	16	67	should	should	AUX
ajfa-8493	16	68	be	be	AUX
ajfa-8493	16	69	included	include	VERB
ajfa-8493	16	70	in	in	ADP
ajfa-8493	16	71	the	the	DET
ajfa-8493	16	72	calculation	calculation	NOUN
ajfa-8493	16	73	of	of	ADP
ajfa-8493	16	74	the	the	DET
ajfa-8493	16	75	present	present	ADJ
ajfa-8493	16	76	value	value	NOUN
ajfa-8493	16	77	of	of	ADP
ajfa-8493	16	78	the	the	DET
ajfa-8493	16	79	lease	lease	NOUN
ajfa-8493	16	80	payments	payment	NOUN
ajfa-8493	16	81	.	.	PUNCT
ajfa-8493	17	1	han	han	PROPN
ajfa-8493	17	2	(	(	PUNCT
ajfa-8493	17	3	2010	2010	NUM
ajfa-8493	17	4	)	)	PUNCT
ajfa-8493	17	5	recommended	recommend	VERB
ajfa-8493	17	6	a	a	DET
ajfa-8493	17	7	research	research	NOUN
ajfa-8493	17	8	design	design	NOUN
ajfa-8493	17	9	that	that	PRON
ajfa-8493	17	10	investigates	investigate	VERB
ajfa-8493	17	11	the	the	DET
ajfa-8493	17	12	exact	exact	ADJ
ajfa-8493	17	13	cost	cost	NOUN
ajfa-8493	17	14	of	of	ADP
ajfa-8493	17	15	debt	debt	NOUN
ajfa-8493	17	16	in	in	ADP
ajfa-8493	17	17	association	association	NOUN
ajfa-8493	17	18	with	with	ADP
ajfa-8493	17	19	equity	equity	NOUN
ajfa-8493	17	20	capital	capital	NOUN
ajfa-8493	17	21	to	to	PART
ajfa-8493	17	22	outline	outline	VERB
ajfa-8493	17	23	more	more	ADV
ajfa-8493	17	24	wide	wide	ADV
ajfa-8493	17	25	-	-	PUNCT
ajfa-8493	17	26	ranging	range	VERB
ajfa-8493	17	27	representation	representation	NOUN
ajfa-8493	17	28	of	of	ADP
ajfa-8493	17	29	the	the	DET
ajfa-8493	17	30	overall	overall	ADJ
ajfa-8493	17	31	impact	impact	NOUN
ajfa-8493	17	32	of	of	ADP
ajfa-8493	17	33	the	the	DET
ajfa-8493	17	34	operation	operation	NOUN
ajfa-8493	17	35	leases	lease	NOUN
ajfa-8493	17	36	.	.	PUNCT
ajfa-8493	18	1	secondly	secondly	ADV
ajfa-8493	18	2	,	,	PUNCT
ajfa-8493	18	3	to	to	ADP
ajfa-8493	18	4	our	our	PRON
ajfa-8493	18	5	knowledge	knowledge	NOUN
ajfa-8493	18	6	,	,	PUNCT
ajfa-8493	18	7	no	no	DET
ajfa-8493	18	8	previous	previous	ADJ
ajfa-8493	18	9	studies	study	NOUN
ajfa-8493	18	10	have	have	AUX
ajfa-8493	18	11	empirically	empirically	ADV
ajfa-8493	18	12	documented	document	VERB
ajfa-8493	18	13	evidence	evidence	NOUN
ajfa-8493	18	14	on	on	ADP
ajfa-8493	18	15	lease	lease	NOUN
ajfa-8493	18	16	accounting	accounting	NOUN
ajfa-8493	18	17	reform	reform	NOUN
ajfa-8493	18	18	impacts	impact	NOUN
ajfa-8493	18	19	on	on	ADP
ajfa-8493	18	20	jordan	jordan	PROPN
ajfa-8493	18	21	airfreight	airfreight	NOUN
ajfa-8493	18	22	sector	sector	NOUN
ajfa-8493	18	23	cost	cost	NOUN
ajfa-8493	18	24	of	of	ADP
ajfa-8493	18	25	capital	capital	NOUN
ajfa-8493	18	26	,	,	PUNCT
ajfa-8493	18	27	either	either	ADV
ajfa-8493	18	28	,	,	PUNCT
ajfa-8493	18	29	no	no	DET
ajfa-8493	18	30	previous	previous	ADJ
ajfa-8493	18	31	study	study	NOUN
ajfa-8493	18	32	has	have	AUX
ajfa-8493	18	33	imperially	imperially	ADV
ajfa-8493	18	34	simulated	simulate	VERB
ajfa-8493	18	35	real	real	ADJ
ajfa-8493	18	36	operational	operational	ADJ
ajfa-8493	18	37	lease	lease	NOUN
ajfa-8493	18	38	contracts	contract	NOUN
ajfa-8493	18	39	capitalization	capitalization	NOUN
ajfa-8493	18	40	on	on	ADP
ajfa-8493	18	41	lease	lease	NOUN
ajfa-8493	18	42	-	-	PUNCT
ajfa-8493	18	43	by	by	ADP
ajfa-8493	18	44	-	-	PUNCT
ajfa-8493	18	45	lease	lease	NOUN
ajfa-8493	18	46	bases.therefore	bases.therefore	NOUN
ajfa-8493	18	47	,	,	PUNCT
ajfa-8493	18	48	in	in	ADP
ajfa-8493	18	49	order	order	NOUN
ajfa-8493	18	50	to	to	PART
ajfa-8493	18	51	answer	answer	VERB
ajfa-8493	18	52	the	the	DET
ajfa-8493	18	53	question	question	NOUN
ajfa-8493	18	54	of	of	ADP
ajfa-8493	18	55	“	"	PUNCT
ajfa-8493	18	56	how	how	SCONJ
ajfa-8493	18	57	could	could	AUX
ajfa-8493	18	58	the	the	DET
ajfa-8493	18	59	upcoming	upcoming	ADJ
ajfa-8493	18	60	lease	lease	NOUN
ajfa-8493	18	61	accounting	accounting	NOUN
ajfa-8493	18	62	regulations	regulation	NOUN
ajfa-8493	18	63	influence	influence	VERB
ajfa-8493	18	64	airfreight	airfreight	NOUN
ajfa-8493	18	65	firms	firm	NOUN
ajfa-8493	18	66	cost	cost	VERB
ajfa-8493	18	67	of	of	ADP
ajfa-8493	18	68	capital	capital	NOUN
ajfa-8493	18	69	which	which	PRON
ajfa-8493	18	70	heavily	heavily	ADV
ajfa-8493	18	71	depend	depend	VERB
ajfa-8493	18	72	on	on	ADP
ajfa-8493	18	73	operational	operational	PROPN
ajfa-8493	18	74	lease?in	lease?in	VERB
ajfa-8493	18	75	a	a	DET
ajfa-8493	18	76	forward	forward	ADV
ajfa-8493	18	77	looking	look	VERB
ajfa-8493	18	78	approach	approach	NOUN
ajfa-8493	18	79	,	,	PUNCT
ajfa-8493	18	80	we	we	PRON
ajfa-8493	18	81	examine	examine	VERB
ajfa-8493	18	82	the	the	DET
ajfa-8493	18	83	financial	financial	ADJ
ajfa-8493	18	84	structure	structure	NOUN
ajfa-8493	18	85	of	of	ADP
ajfa-8493	18	86	a	a	DET
ajfa-8493	18	87	company	company	NOUN
ajfa-8493	18	88	with	with	ADP
ajfa-8493	18	89	90	90	NUM
ajfa-8493	18	90	%	%	NOUN
ajfa-8493	18	91	operational	operational	ADJ
ajfa-8493	18	92	leased	lease	VERB
ajfa-8493	18	93	fleet.weapply	fleet.weapply	NOUN
ajfa-8493	18	94	the	the	DET
ajfa-8493	18	95	upcoming	upcoming	ADJ
ajfa-8493	18	96	lease	lease	NOUN
ajfa-8493	18	97	accounting	accounting	NOUN
ajfa-8493	18	98	regulations	regulation	NOUN
ajfa-8493	18	99	to	to	ADP
ajfa-8493	18	100	the	the	DET
ajfa-8493	18	101	royal	royal	ADJ
ajfa-8493	18	102	jordanian	jordanian	ADJ
ajfa-8493	18	103	airlines	airline	NOUN
ajfa-8493	18	104	financial	financial	ADJ
ajfa-8493	18	105	statements	statement	NOUN
ajfa-8493	18	106	over	over	ADP
ajfa-8493	18	107	the	the	DET
ajfa-8493	18	108	period	period	NOUN
ajfa-8493	18	109	(	(	PUNCT
ajfa-8493	18	110	2002	2002	NUM
ajfa-8493	18	111	-	-	SYM
ajfa-8493	18	112	2014).we	2014).we	NUM
ajfa-8493	18	113	capitalize	capitalize	VERB
ajfa-8493	18	114	thirty	thirty	NUM
ajfa-8493	18	115	real	real	ADJ
ajfa-8493	18	116	operational	operational	ADJ
ajfa-8493	18	117	lease	lease	NOUN
ajfa-8493	18	118	contracts	contract	NOUN
ajfa-8493	18	119	on	on	ADP
ajfa-8493	18	120	lease	lease	NOUN
ajfa-8493	18	121	-	-	PUNCT
ajfa-8493	18	122	by	by	ADP
ajfa-8493	18	123	-	-	PUNCT
ajfa-8493	18	124	lease	lease	NOUN
ajfa-8493	18	125	bases	basis	NOUN
ajfa-8493	18	126	.	.	PUNCT
ajfa-8493	19	1	the	the	DET
ajfa-8493	19	2	remainder	remainder	NOUN
ajfa-8493	19	3	of	of	ADP
ajfa-8493	19	4	this	this	DET
ajfa-8493	19	5	paper	paper	NOUN
ajfa-8493	19	6	is	be	AUX
ajfa-8493	19	7	organized	organize	VERB
ajfa-8493	19	8	as	as	SCONJ
ajfa-8493	19	9	follows	follow	VERB
ajfa-8493	19	10	:	:	PUNCT
ajfa-8493	19	11	section	section	NOUN
ajfa-8493	19	12	2	2	NUM
ajfa-8493	19	13	is	be	AUX
ajfa-8493	19	14	a	a	DET
ajfa-8493	19	15	prior	prior	ADJ
ajfa-8493	19	16	research	research	NOUN
ajfa-8493	19	17	review	review	NOUN
ajfa-8493	19	18	.	.	PUNCT
ajfa-8493	20	1	section	section	NOUN
ajfa-8493	20	2	3	3	NUM
ajfa-8493	20	3	discusses	discuss	VERB
ajfa-8493	20	4	methodology	methodology	NOUN
ajfa-8493	20	5	and	and	CCONJ
ajfa-8493	20	6	data	datum	NOUN
ajfa-8493	20	7	.	.	PUNCT
ajfa-8493	21	1	empirical	empirical	ADJ
ajfa-8493	21	2	analysis	analysis	NOUN
ajfa-8493	21	3	and	and	CCONJ
ajfa-8493	21	4	results	result	NOUN
ajfa-8493	21	5	in	in	ADP
ajfa-8493	21	6	section	section	NOUN
ajfa-8493	21	7	3.conclusion	3.conclusion	NUM
ajfa-8493	21	8	in	in	ADP
ajfa-8493	21	9	asian	asian	ADJ
ajfa-8493	21	10	journal	journal	NOUN
ajfa-8493	21	11	of	of	ADP
ajfa-8493	21	12	finance	finance	PROPN
ajfa-8493	21	13	&	&	CCONJ
ajfa-8493	21	14	accounting	accounting	PROPN
ajfa-8493	21	15	issn	issn	PROPN
ajfa-8493	21	16	1946	1946	NUM
ajfa-8493	21	17	-	-	PUNCT
ajfa-8493	21	18	052x	052x	NOUN
ajfa-8493	21	19	2015	2015	NUM
ajfa-8493	21	20	,	,	PUNCT
ajfa-8493	21	21	vol	vol	NOUN
ajfa-8493	21	22	.	.	PROPN
ajfa-8493	21	23	7	7	NUM
ajfa-8493	21	24	,	,	PUNCT
ajfa-8493	21	25	no	no	INTJ
ajfa-8493	21	26	.	.	NOUN
ajfa-8493	21	27	2	2	NUM
ajfa-8493	21	28	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-8493	21	29	4	4	NUM
ajfa-8493	21	30	section	section	NOUN
ajfa-8493	21	31	4	4	NUM
ajfa-8493	21	32	.	.	NOUN
ajfa-8493	21	33	2	2	NUM
ajfa-8493	21	34	.	.	NOUN
ajfa-8493	21	35	previous	previous	ADJ
ajfa-8493	21	36	research	research	NOUN
ajfa-8493	21	37	four	four	NUM
ajfa-8493	21	38	studies	study	NOUN
ajfa-8493	21	39	have	have	AUX
ajfa-8493	21	40	specifically	specifically	ADV
ajfa-8493	21	41	examined	examine	VERB
ajfa-8493	21	42	whether	whether	SCONJ
ajfa-8493	21	43	operating	operate	VERB
ajfa-8493	21	44	lease	lease	NOUN
ajfa-8493	21	45	obligations	obligation	NOUN
ajfa-8493	21	46	are	be	AUX
ajfa-8493	21	47	included	include	VERB
ajfa-8493	21	48	in	in	ADP
ajfa-8493	21	49	the	the	DET
ajfa-8493	21	50	market	market	NOUN
ajfa-8493	21	51	assessment	assessment	NOUN
ajfa-8493	21	52	of	of	ADP
ajfa-8493	21	53	equity	equity	NOUN
ajfa-8493	21	54	risk	risk	NOUN
ajfa-8493	21	55	(	(	PUNCT
ajfa-8493	21	56	beattie	beattie	NOUN
ajfa-8493	21	57	,	,	PUNCT
ajfa-8493	21	58	goodacre	goodacre	NOUN
ajfa-8493	21	59	,	,	PUNCT
ajfa-8493	21	60	&	&	CCONJ
ajfa-8493	21	61	thomson	thomson	PROPN
ajfa-8493	21	62	,	,	PUNCT
ajfa-8493	21	63	2000a,2000b	2000a,2000b	NUM
ajfa-8493	21	64	;	;	PUNCT
ajfa-8493	21	65	ely	ely	ADV
ajfa-8493	21	66	,	,	PUNCT
ajfa-8493	21	67	1995	1995	NUM
ajfa-8493	21	68	)	)	PUNCT
ajfa-8493	21	69	;	;	PUNCT
ajfa-8493	21	70	imhoff	imhoff	PROPN
ajfa-8493	21	71	jr	jr	PROPN
ajfa-8493	21	72	,	,	PUNCT
ajfa-8493	21	73	lipe	lipe	PROPN
ajfa-8493	21	74	,	,	PUNCT
ajfa-8493	21	75	and	and	CCONJ
ajfa-8493	21	76	wright	wright	PROPN
ajfa-8493	21	77	(	(	PUNCT
ajfa-8493	21	78	1993	1993	NUM
ajfa-8493	21	79	)	)	PUNCT
ajfa-8493	21	80	.	.	PUNCT
ajfa-8493	22	1	in	in	ADP
ajfa-8493	22	2	the	the	DET
ajfa-8493	22	3	first	first	ADJ
ajfa-8493	22	4	study	study	NOUN
ajfa-8493	22	5	,	,	PUNCT
ajfa-8493	22	6	imhoff	imhoff	INTJ
ajfa-8493	22	7	jr	jr	PROPN
ajfa-8493	22	8	et	et	PROPN
ajfa-8493	22	9	al	al	PROPN
ajfa-8493	22	10	.	.	PROPN
ajfa-8493	22	11	(	(	PUNCT
ajfa-8493	22	12	1993	1993	NUM
ajfa-8493	22	13	)	)	PUNCT
ajfa-8493	22	14	extended	extend	VERB
ajfa-8493	22	15	their	their	PRON
ajfa-8493	22	16	research	research	NOUN
ajfa-8493	22	17	by	by	ADP
ajfa-8493	22	18	examining	examine	VERB
ajfa-8493	22	19	the	the	DET
ajfa-8493	22	20	airline	airline	NOUN
ajfa-8493	22	21	and	and	CCONJ
ajfa-8493	22	22	grocery	grocery	NOUN
ajfa-8493	22	23	industries	industry	NOUN
ajfa-8493	22	24	.	.	PUNCT
ajfa-8493	23	1	in	in	ADP
ajfa-8493	23	2	the	the	DET
ajfa-8493	23	3	study	study	NOUN
ajfa-8493	23	4	,	,	PUNCT
ajfa-8493	23	5	a	a	DET
ajfa-8493	23	6	sample	sample	NOUN
ajfa-8493	23	7	of	of	ADP
ajfa-8493	23	8	52	52	NUM
ajfa-8493	23	9	grocers	grocer	NOUN
ajfa-8493	23	10	and	and	CCONJ
ajfa-8493	23	11	29	29	NUM
ajfa-8493	23	12	airlines	airline	NOUN
ajfa-8493	23	13	with	with	ADP
ajfa-8493	23	14	data	datum	NOUN
ajfa-8493	23	15	available	available	ADJ
ajfa-8493	23	16	range	range	NOUN
ajfa-8493	23	17	from	from	ADP
ajfa-8493	23	18	1984	1984	NUM
ajfa-8493	23	19	-	-	SYM
ajfa-8493	23	20	1990	1990	NUM
ajfa-8493	23	21	were	be	AUX
ajfa-8493	23	22	selected	select	VERB
ajfa-8493	23	23	.	.	PUNCT
ajfa-8493	24	1	they	they	PRON
ajfa-8493	24	2	found	find	VERB
ajfa-8493	24	3	that	that	SCONJ
ajfa-8493	24	4	the	the	DET
ajfa-8493	24	5	total	total	ADJ
ajfa-8493	24	6	debt	debt	NOUN
ajfa-8493	24	7	increased	increase	VERB
ajfa-8493	24	8	by	by	ADP
ajfa-8493	24	9	40	40	NUM
ajfa-8493	24	10	%	%	NOUN
ajfa-8493	24	11	with	with	ADP
ajfa-8493	24	12	regard	regard	NOUN
ajfa-8493	24	13	to	to	ADP
ajfa-8493	24	14	the	the	DET
ajfa-8493	24	15	median	median	NOUN
ajfa-8493	24	16	recognized	recognize	VERB
ajfa-8493	24	17	liabilities	liability	NOUN
ajfa-8493	24	18	for	for	ADP
ajfa-8493	24	19	both	both	DET
ajfa-8493	24	20	industries	industry	NOUN
ajfa-8493	24	21	.	.	PUNCT
ajfa-8493	25	1	further	far	ADV
ajfa-8493	25	2	,	,	PUNCT
ajfa-8493	25	3	they	they	PRON
ajfa-8493	25	4	confirmed	confirm	VERB
ajfa-8493	25	5	that	that	SCONJ
ajfa-8493	25	6	the	the	DET
ajfa-8493	25	7	reported	reported	ADJ
ajfa-8493	25	8	level	level	NOUN
ajfa-8493	25	9	of	of	ADP
ajfa-8493	25	10	debt	debt	NOUN
ajfa-8493	25	11	was	be	AUX
ajfa-8493	25	12	associated	associate	VERB
ajfa-8493	25	13	with	with	ADP
ajfa-8493	25	14	equity	equity	NOUN
ajfa-8493	25	15	risk	risk	NOUN
ajfa-8493	25	16	(	(	PUNCT
ajfa-8493	25	17	measured	measure	VERB
ajfa-8493	25	18	as	as	ADP
ajfa-8493	25	19	the	the	DET
ajfa-8493	25	20	standard	standard	ADJ
ajfa-8493	25	21	deviation	deviation	NOUN
ajfa-8493	25	22	in	in	ADP
ajfa-8493	25	23	stock	stock	NOUN
ajfa-8493	25	24	returns	return	NOUN
ajfa-8493	25	25	)	)	PUNCT
ajfa-8493	25	26	.	.	PUNCT
ajfa-8493	26	1	having	having	AUX
ajfa-8493	26	2	replicated	replicate	VERB
ajfa-8493	26	3	this	this	DET
ajfa-8493	26	4	basic	basic	ADJ
ajfa-8493	26	5	result	result	NOUN
ajfa-8493	26	6	then	then	ADV
ajfa-8493	26	7	added	add	VERB
ajfa-8493	26	8	a	a	DET
ajfa-8493	26	9	variable	variable	NOUN
ajfa-8493	26	10	for	for	ADP
ajfa-8493	26	11	the	the	DET
ajfa-8493	26	12	present	present	ADJ
ajfa-8493	26	13	value	value	NOUN
ajfa-8493	26	14	of	of	ADP
ajfa-8493	26	15	operating	operating	NOUN
ajfa-8493	26	16	leases	lease	NOUN
ajfa-8493	26	17	,	,	PUNCT
ajfa-8493	26	18	they	they	PRON
ajfa-8493	26	19	found	find	VERB
ajfa-8493	26	20	that	that	SCONJ
ajfa-8493	26	21	it	it	PRON
ajfa-8493	26	22	further	far	ADV
ajfa-8493	26	23	explain	explain	VERB
ajfa-8493	26	24	the	the	DET
ajfa-8493	26	25	variation	variation	NOUN
ajfa-8493	26	26	in	in	ADP
ajfa-8493	26	27	equity	equity	NOUN
ajfa-8493	26	28	risk	risk	NOUN
ajfa-8493	26	29	.	.	PUNCT
ajfa-8493	27	1	interestingly	interestingly	ADV
ajfa-8493	27	2	,	,	PUNCT
ajfa-8493	27	3	the	the	DET
ajfa-8493	27	4	magnitudes	magnitude	NOUN
ajfa-8493	27	5	of	of	ADP
ajfa-8493	27	6	the	the	DET
ajfa-8493	27	7	effects	effect	NOUN
ajfa-8493	27	8	on	on	ADP
ajfa-8493	27	9	equity	equity	NOUN
ajfa-8493	27	10	risk	risk	NOUN
ajfa-8493	27	11	were	be	AUX
ajfa-8493	27	12	similar	similar	ADJ
ajfa-8493	27	13	for	for	ADP
ajfa-8493	27	14	both	both	CCONJ
ajfa-8493	27	15	debt	debt	NOUN
ajfa-8493	27	16	and	and	CCONJ
ajfa-8493	27	17	operating	operating	NOUN
ajfa-8493	27	18	leases	lease	NOUN
ajfa-8493	27	19	.	.	PUNCT
ajfa-8493	28	1	this	this	DET
ajfa-8493	28	2	result	result	NOUN
ajfa-8493	28	3	suggests	suggest	VERB
ajfa-8493	28	4	again	again	ADV
ajfa-8493	28	5	that	that	SCONJ
ajfa-8493	28	6	leases	lease	NOUN
ajfa-8493	28	7	(	(	PUNCT
ajfa-8493	28	8	operating	operating	NOUN
ajfa-8493	28	9	leases	lease	NOUN
ajfa-8493	28	10	)	)	PUNCT
ajfa-8493	28	11	behave	behave	VERB
ajfa-8493	28	12	like	like	ADP
ajfa-8493	28	13	debt	debt	NOUN
ajfa-8493	28	14	in	in	ADP
ajfa-8493	28	15	their	their	PRON
ajfa-8493	28	16	effect	effect	NOUN
ajfa-8493	28	17	on	on	ADP
ajfa-8493	28	18	equity	equity	NOUN
ajfa-8493	28	19	risk	risk	NOUN
ajfa-8493	28	20	.	.	PUNCT
ajfa-8493	29	1	theories	theory	NOUN
ajfa-8493	29	2	in	in	ADP
ajfa-8493	29	3	finance	finance	NOUN
ajfa-8493	29	4	and	and	CCONJ
ajfa-8493	29	5	accounting	accounting	NOUN
ajfa-8493	29	6	provide	provide	VERB
ajfa-8493	29	7	linkage	linkage	NOUN
ajfa-8493	29	8	between	between	ADP
ajfa-8493	29	9	lease	lease	NOUN
ajfa-8493	29	10	and	and	CCONJ
ajfa-8493	29	11	the	the	DET
ajfa-8493	29	12	cost	cost	NOUN
ajfa-8493	29	13	of	of	ADP
ajfa-8493	29	14	equity	equity	NOUN
ajfa-8493	29	15	.	.	PUNCT
ajfa-8493	30	1	modigliani	modigliani	PROPN
ajfa-8493	30	2	and	and	CCONJ
ajfa-8493	30	3	miller	miller	PROPN
ajfa-8493	30	4	(	(	PUNCT
ajfa-8493	30	5	1958	1958	NUM
ajfa-8493	30	6	,	,	PUNCT
ajfa-8493	30	7	as	as	SCONJ
ajfa-8493	30	8	cited	cite	VERB
ajfa-8493	30	9	in	in	ADP
ajfa-8493	30	10	(	(	PUNCT
ajfa-8493	30	11	han	han	PROPN
ajfa-8493	30	12	,	,	PUNCT
ajfa-8493	30	13	2010	2010	NUM
ajfa-8493	30	14	)	)	PUNCT
ajfa-8493	30	15	added	add	VERB
ajfa-8493	30	16	the	the	DET
ajfa-8493	30	17	cost	cost	NOUN
ajfa-8493	30	18	of	of	ADP
ajfa-8493	30	19	equity	equity	NOUN
ajfa-8493	30	20	capital	capital	NOUN
ajfa-8493	30	21	as	as	ADP
ajfa-8493	30	22	an	an	DET
ajfa-8493	30	23	increasing	increase	VERB
ajfa-8493	30	24	function	function	NOUN
ajfa-8493	30	25	of	of	ADP
ajfa-8493	30	26	financial	financial	ADJ
ajfa-8493	30	27	leverage	leverage	NOUN
ajfa-8493	30	28	where	where	SCONJ
ajfa-8493	30	29	,	,	PUNCT
ajfa-8493	30	30	if	if	SCONJ
ajfa-8493	30	31	the	the	DET
ajfa-8493	30	32	unrecognized	unrecognized	ADJ
ajfa-8493	30	33	obligation	obligation	NOUN
ajfa-8493	30	34	from	from	ADP
ajfa-8493	30	35	operating	operate	VERB
ajfa-8493	30	36	lease	lease	NOUN
ajfa-8493	30	37	is	be	AUX
ajfa-8493	30	38	treated	treat	VERB
ajfa-8493	30	39	as	as	ADP
ajfa-8493	30	40	on	on	ADP
ajfa-8493	30	41	-	-	PUNCT
ajfa-8493	30	42	balance	balance	NOUN
ajfa-8493	30	43	sheet	sheet	NOUN
ajfa-8493	30	44	debt	debt	NOUN
ajfa-8493	30	45	,	,	PUNCT
ajfa-8493	30	46	it	it	PRON
ajfa-8493	30	47	should	should	AUX
ajfa-8493	30	48	consequently	consequently	ADV
ajfa-8493	30	49	increase	increase	VERB
ajfa-8493	30	50	the	the	DET
ajfa-8493	30	51	cost	cost	NOUN
ajfa-8493	30	52	of	of	ADP
ajfa-8493	30	53	equity	equity	NOUN
ajfa-8493	30	54	han	han	PROPN
ajfa-8493	30	55	(	(	PUNCT
ajfa-8493	30	56	2010	2010	NUM
ajfa-8493	30	57	)	)	PUNCT
ajfa-8493	30	58	.	.	PUNCT
ajfa-8493	31	1	practically	practically	ADV
ajfa-8493	31	2	,	,	PUNCT
ajfa-8493	31	3	that	that	PRON
ajfa-8493	31	4	means	mean	VERB
ajfa-8493	31	5	investors	investor	NOUN
ajfa-8493	31	6	and	and	CCONJ
ajfa-8493	31	7	shareholders	shareholder	NOUN
ajfa-8493	31	8	will	will	AUX
ajfa-8493	31	9	require	require	VERB
ajfa-8493	31	10	an	an	DET
ajfa-8493	31	11	increase	increase	NOUN
ajfa-8493	31	12	in	in	ADP
ajfa-8493	31	13	investment	investment	NOUN
ajfa-8493	31	14	return	return	NOUN
ajfa-8493	31	15	.	.	PUNCT
ajfa-8493	32	1	prior	prior	ADJ
ajfa-8493	32	2	research	research	NOUN
ajfa-8493	32	3	found	find	VERB
ajfa-8493	32	4	evidences	evidence	NOUN
ajfa-8493	32	5	that	that	SCONJ
ajfa-8493	32	6	sophisticated	sophisticated	ADJ
ajfa-8493	32	7	debt	debt	NOUN
ajfa-8493	32	8	holders	holder	NOUN
ajfa-8493	32	9	assess	assess	VERB
ajfa-8493	32	10	off	off	ADP
ajfa-8493	32	11	-	-	PUNCT
ajfa-8493	32	12	balance	balance	NOUN
ajfa-8493	32	13	sheet	sheet	NOUN
ajfa-8493	32	14	leases	lease	NOUN
ajfa-8493	32	15	as	as	ADV
ajfa-8493	32	16	equivalent	equivalent	ADJ
ajfa-8493	32	17	to	to	ADP
ajfa-8493	32	18	other	other	ADJ
ajfa-8493	32	19	debt	debt	NOUN
ajfa-8493	32	20	financing	financing	NOUN
ajfa-8493	32	21	(	(	PUNCT
ajfa-8493	32	22	wilkins	wilkin	NOUN
ajfa-8493	32	23	and	and	CCONJ
ajfa-8493	32	24	zimmer	zimmer	PROPN
ajfa-8493	32	25	,	,	PUNCT
ajfa-8493	32	26	1983	1983	NUM
ajfa-8493	32	27	;	;	PUNCT
ajfa-8493	32	28	standard	standard	PROPN
ajfa-8493	32	29	&	&	CCONJ
ajfa-8493	32	30	poor	poor	PROPN
ajfa-8493	32	31	's	's	PART
ajfa-8493	32	32	corporate	corporate	ADJ
ajfa-8493	32	33	ratings	rating	NOUN
ajfa-8493	32	34	criteria	criterion	NOUN
ajfa-8493	32	35	,	,	PUNCT
ajfa-8493	32	36	2008	2008	NUM
ajfa-8493	32	37	;	;	PUNCT
ajfa-8493	32	38	altamuro	altamuro	NOUN
ajfa-8493	32	39	et	et	PROPN
ajfa-8493	32	40	al	al	PROPN
ajfa-8493	32	41	.	.	PROPN
ajfa-8493	32	42	,	,	PUNCT
ajfa-8493	32	43	2008	2008	NUM
ajfa-8493	32	44	;	;	PUNCT
ajfa-8493	32	45	as	as	SCONJ
ajfa-8493	32	46	cited	cite	VERB
ajfa-8493	32	47	in	in	ADP
ajfa-8493	32	48	han	han	PROPN
ajfa-8493	32	49	(	(	PUNCT
ajfa-8493	32	50	2010	2010	NUM
ajfa-8493	32	51	)	)	PUNCT
ajfa-8493	32	52	)	)	PUNCT
ajfa-8493	32	53	.	.	PUNCT
ajfa-8493	33	1	however	however	ADV
ajfa-8493	33	2	,	,	PUNCT
ajfa-8493	33	3	there	there	PRON
ajfa-8493	33	4	are	be	VERB
ajfa-8493	33	5	other	other	ADJ
ajfa-8493	33	6	mixed	mixed	ADJ
ajfa-8493	33	7	evidences	evidence	NOUN
ajfa-8493	33	8	on	on	ADP
ajfa-8493	33	9	whether	whether	SCONJ
ajfa-8493	33	10	or	or	CCONJ
ajfa-8493	33	11	how	how	SCONJ
ajfa-8493	33	12	share	share	NOUN
ajfa-8493	33	13	market	market	NOUN
ajfa-8493	33	14	investors	investor	NOUN
ajfa-8493	33	15	assess	assess	VERB
ajfa-8493	33	16	the	the	DET
ajfa-8493	33	17	operational	operational	ADJ
ajfa-8493	33	18	lease	lease	NOUN
ajfa-8493	33	19	risk	risk	NOUN
ajfa-8493	33	20	.	.	PUNCT
ajfa-8493	34	1	as	as	SCONJ
ajfa-8493	34	2	indicated	indicate	VERB
ajfa-8493	34	3	,	,	PUNCT
ajfa-8493	34	4	not	not	PART
ajfa-8493	34	5	all	all	DET
ajfa-8493	34	6	users	user	NOUN
ajfa-8493	34	7	are	be	AUX
ajfa-8493	34	8	able	able	ADJ
ajfa-8493	34	9	to	to	PART
ajfa-8493	34	10	take	take	VERB
ajfa-8493	34	11	a	a	DET
ajfa-8493	34	12	firm	firm	ADJ
ajfa-8493	34	13	theoretical	theoretical	ADJ
ajfa-8493	34	14	position	position	NOUN
ajfa-8493	34	15	on	on	ADP
ajfa-8493	34	16	the	the	DET
ajfa-8493	34	17	scientific	scientific	ADJ
ajfa-8493	34	18	content	content	NOUN
ajfa-8493	34	19	of	of	ADP
ajfa-8493	34	20	the	the	DET
ajfa-8493	34	21	information	information	NOUN
ajfa-8493	34	22	presented	present	VERB
ajfa-8493	34	23	in	in	ADP
ajfa-8493	34	24	the	the	DET
ajfa-8493	34	25	financial	financial	ADJ
ajfa-8493	34	26	statements	statement	NOUN
ajfa-8493	34	27	musvoto	musvoto	NOUN
ajfa-8493	34	28	and	and	CCONJ
ajfa-8493	34	29	gouws	gouws	PROPN
ajfa-8493	34	30	(	(	PUNCT
ajfa-8493	34	31	2012	2012	NUM
ajfa-8493	34	32	)	)	PUNCT
ajfa-8493	34	33	.	.	PUNCT
ajfa-8493	35	1	a	a	DET
ajfa-8493	35	2	number	number	NOUN
ajfa-8493	35	3	of	of	ADP
ajfa-8493	35	4	previous	previous	ADJ
ajfa-8493	35	5	studies	study	NOUN
ajfa-8493	35	6	provide	provide	VERB
ajfa-8493	35	7	evidences	evidence	NOUN
ajfa-8493	35	8	that	that	SCONJ
ajfa-8493	35	9	off	off	ADP
ajfa-8493	35	10	-	-	PUNCT
ajfa-8493	35	11	balance	balance	NOUN
ajfa-8493	35	12	sheet	sheet	NOUN
ajfa-8493	35	13	operational	operational	ADJ
ajfa-8493	35	14	lease	lease	NOUN
ajfa-8493	35	15	behaves	behave	VERB
ajfa-8493	35	16	like	like	ADP
ajfa-8493	35	17	debt	debt	NOUN
ajfa-8493	35	18	in	in	ADP
ajfa-8493	35	19	the	the	DET
ajfa-8493	35	20	effect	effect	NOUN
ajfa-8493	35	21	on	on	ADP
ajfa-8493	35	22	equity	equity	NOUN
ajfa-8493	35	23	risk	risk	NOUN
ajfa-8493	35	24	and	and	CCONJ
ajfa-8493	35	25	may	may	AUX
ajfa-8493	35	26	alter	alter	VERB
ajfa-8493	35	27	the	the	DET
ajfa-8493	35	28	capital	capital	NOUN
ajfa-8493	35	29	structure	structure	NOUN
ajfa-8493	35	30	.	.	PUNCT
ajfa-8493	36	1	for	for	ADP
ajfa-8493	36	2	example	example	NOUN
ajfa-8493	36	3	,	,	PUNCT
ajfa-8493	36	4	(	(	PUNCT
ajfa-8493	36	5	beattie	beattie	PROPN
ajfa-8493	36	6	et	et	PROPN
ajfa-8493	36	7	al	al	PROPN
ajfa-8493	36	8	.	.	PROPN
ajfa-8493	36	9	,	,	PUNCT
ajfa-8493	36	10	2000a	2000a	NUM
ajfa-8493	36	11	;	;	PUNCT
ajfa-8493	36	12	bowman	bowman	NOUN
ajfa-8493	36	13	,	,	PUNCT
ajfa-8493	36	14	1980	1980	NUM
ajfa-8493	36	15	;	;	PUNCT
ajfa-8493	36	16	ely	ely	ADV
ajfa-8493	36	17	,	,	PUNCT
ajfa-8493	36	18	1995	1995	NUM
ajfa-8493	36	19	;	;	PUNCT
ajfa-8493	36	20	imhoff	imhoff	PROPN
ajfa-8493	36	21	jr	jr	PROPN
ajfa-8493	36	22	et	et	PROPN
ajfa-8493	36	23	al	al	PROPN
ajfa-8493	36	24	.	.	PROPN
ajfa-8493	36	25	,	,	PUNCT
ajfa-8493	36	26	1993	1993	NUM
ajfa-8493	36	27	)	)	PUNCT
ajfa-8493	36	28	found	find	VERB
ajfa-8493	36	29	a	a	DET
ajfa-8493	36	30	positive	positive	ADJ
ajfa-8493	36	31	relation	relation	NOUN
ajfa-8493	36	32	between	between	ADP
ajfa-8493	36	33	equity	equity	NOUN
ajfa-8493	36	34	risk	risk	NOUN
ajfa-8493	36	35	and	and	CCONJ
ajfa-8493	36	36	the	the	DET
ajfa-8493	36	37	capitalized	capitalize	VERB
ajfa-8493	36	38	off	off	ADP
ajfa-8493	36	39	-	-	PUNCT
ajfa-8493	36	40	balance	balance	NOUN
ajfa-8493	36	41	sheet	sheet	NOUN
ajfa-8493	36	42	operational	operational	ADJ
ajfa-8493	36	43	lease	lease	NOUN
ajfa-8493	36	44	.	.	PUNCT
ajfa-8493	37	1	aside	aside	ADV
ajfa-8493	37	2	from	from	ADP
ajfa-8493	37	3	that	that	PRON
ajfa-8493	37	4	,	,	PUNCT
ajfa-8493	37	5	most	most	ADV
ajfa-8493	37	6	extant	extant	ADJ
ajfa-8493	37	7	findings	finding	NOUN
ajfa-8493	37	8	support	support	VERB
ajfa-8493	37	9	the	the	DET
ajfa-8493	37	10	value	value	NOUN
ajfa-8493	37	11	relevance	relevance	NOUN
ajfa-8493	37	12	of	of	ADP
ajfa-8493	37	13	capitalized	capitalize	VERB
ajfa-8493	37	14	operating	operating	NOUN
ajfa-8493	37	15	leases	lease	NOUN
ajfa-8493	37	16	,	,	PUNCT
ajfa-8493	37	17	even	even	ADV
ajfa-8493	37	18	though	though	ADV
ajfa-8493	37	19	,	,	PUNCT
ajfa-8493	37	20	it	it	PRON
ajfa-8493	37	21	is	be	AUX
ajfa-8493	37	22	not	not	PART
ajfa-8493	37	23	clear	clear	ADJ
ajfa-8493	37	24	yet	yet	ADV
ajfa-8493	37	25	whether	whether	SCONJ
ajfa-8493	37	26	equity	equity	NOUN
ajfa-8493	37	27	investors	investor	NOUN
ajfa-8493	37	28	treat	treat	VERB
ajfa-8493	37	29	the	the	DET
ajfa-8493	37	30	off	off	ADP
ajfa-8493	37	31	-	-	PUNCT
ajfa-8493	37	32	balance	balance	NOUN
ajfa-8493	37	33	sheet	sheet	NOUN
ajfa-8493	37	34	leases	lease	NOUN
ajfa-8493	37	35	as	as	ADV
ajfa-8493	37	36	equivalent	equivalent	ADJ
ajfa-8493	37	37	to	to	ADP
ajfa-8493	37	38	those	those	PRON
ajfa-8493	37	39	recognized	recognize	VERB
ajfa-8493	37	40	in	in	ADP
ajfa-8493	37	41	the	the	DET
ajfa-8493	37	42	financial	financial	ADJ
ajfa-8493	37	43	statement	statement	NOUN
ajfa-8493	37	44	.	.	PUNCT
ajfa-8493	38	1	also	also	ADV
ajfa-8493	38	2	,	,	PUNCT
ajfa-8493	38	3	there	there	PRON
ajfa-8493	38	4	were	be	VERB
ajfa-8493	38	5	a	a	DET
ajfa-8493	38	6	number	number	NOUN
ajfa-8493	38	7	of	of	ADP
ajfa-8493	38	8	studies	study	NOUN
ajfa-8493	38	9	attempting	attempt	VERB
ajfa-8493	38	10	to	to	PART
ajfa-8493	38	11	capitalize	capitalize	VERB
ajfa-8493	38	12	operation	operation	NOUN
ajfa-8493	38	13	lease	lease	NOUN
ajfa-8493	38	14	in	in	ADP
ajfa-8493	38	15	an	an	DET
ajfa-8493	38	16	ex	ex	NOUN
ajfa-8493	38	17	-	-	ADJ
ajfa-8493	38	18	ante	ante	NOUN
ajfa-8493	38	19	method	method	NOUN
ajfa-8493	38	20	(	(	PUNCT
ajfa-8493	38	21	beattie	beattie	PROPN
ajfa-8493	38	22	,	,	PUNCT
ajfa-8493	38	23	edwards	edwards	PROPN
ajfa-8493	38	24	,	,	PUNCT
ajfa-8493	38	25	&	&	CCONJ
ajfa-8493	38	26	goodacre	goodacre	PROPN
ajfa-8493	38	27	,	,	PUNCT
ajfa-8493	38	28	1998	1998	NUM
ajfa-8493	38	29	;	;	PUNCT
ajfa-8493	38	30	bostwick	bostwick	PROPN
ajfa-8493	38	31	,	,	PUNCT
ajfa-8493	38	32	fahnestock	fahnestock	NOUN
ajfa-8493	38	33	,	,	PUNCT
ajfa-8493	38	34	&	&	CCONJ
ajfa-8493	38	35	o'keefe	o'keefe	PROPN
ajfa-8493	38	36	,	,	PUNCT
ajfa-8493	38	37	2013	2013	NUM
ajfa-8493	38	38	;	;	PUNCT
ajfa-8493	38	39	branswijck	branswijck	NOUN
ajfa-8493	38	40	,	,	PUNCT
ajfa-8493	38	41	longueville	longueville	NOUN
ajfa-8493	38	42	,	,	PUNCT
ajfa-8493	38	43	&	&	CCONJ
ajfa-8493	38	44	everaert	everaert	PROPN
ajfa-8493	38	45	,	,	PUNCT
ajfa-8493	38	46	2011	2011	NUM
ajfa-8493	38	47	;	;	PUNCT
ajfa-8493	38	48	de	de	X
ajfa-8493	38	49	villiers	villiers	PROPN
ajfa-8493	38	50	&	&	CCONJ
ajfa-8493	38	51	middelberg	middelberg	PROPN
ajfa-8493	38	52	,	,	PUNCT
ajfa-8493	38	53	2013	2013	NUM
ajfa-8493	38	54	;	;	PUNCT
ajfa-8493	38	55	duke	duke	PROPN
ajfa-8493	38	56	,	,	PUNCT
ajfa-8493	38	57	hsieh	hsieh	PROPN
ajfa-8493	38	58	,	,	PUNCT
ajfa-8493	38	59	&	&	CCONJ
ajfa-8493	38	60	su	su	PROPN
ajfa-8493	38	61	,	,	PUNCT
ajfa-8493	38	62	2009	2009	NUM
ajfa-8493	38	63	;	;	PUNCT
ajfa-8493	38	64	ely	ely	ADV
ajfa-8493	38	65	,	,	PUNCT
ajfa-8493	38	66	1995	1995	NUM
ajfa-8493	38	67	;	;	PUNCT
ajfa-8493	38	68	fitó	fitó	PROPN
ajfa-8493	38	69	,	,	PUNCT
ajfa-8493	38	70	moya	moya	PROPN
ajfa-8493	38	71	,	,	PUNCT
ajfa-8493	38	72	&	&	CCONJ
ajfa-8493	38	73	orgaz	orgaz	PROPN
ajfa-8493	38	74	,	,	PUNCT
ajfa-8493	38	75	2013	2013	NUM
ajfa-8493	38	76	;	;	PUNCT
ajfa-8493	38	77	grossman	grossman	PROPN
ajfa-8493	38	78	&	&	CCONJ
ajfa-8493	38	79	grossman	grossman	PROPN
ajfa-8493	38	80	,	,	PUNCT
ajfa-8493	38	81	2010	2010	NUM
ajfa-8493	38	82	;	;	PUNCT
ajfa-8493	38	83	imhoff	imhoff	PROPN
ajfa-8493	38	84	,	,	PUNCT
ajfa-8493	38	85	lipe	lipe	PROPN
ajfa-8493	38	86	,	,	PUNCT
ajfa-8493	38	87	&	&	CCONJ
ajfa-8493	38	88	wright	wright	PROPN
ajfa-8493	38	89	,	,	PUNCT
ajfa-8493	38	90	1991	1991	NUM
ajfa-8493	38	91	;	;	PUNCT
ajfa-8493	38	92	kilpatrick	kilpatrick	PROPN
ajfa-8493	38	93	&	&	CCONJ
ajfa-8493	38	94	wilburn	wilburn	PROPN
ajfa-8493	38	95	,	,	PUNCT
ajfa-8493	38	96	2011	2011	NUM
ajfa-8493	38	97	;	;	PUNCT
ajfa-8493	38	98	lückerath	lückerath	NOUN
ajfa-8493	38	99	-	-	PUNCT
ajfa-8493	38	100	rovers	rover	NOUN
ajfa-8493	38	101	&	&	CCONJ
ajfa-8493	38	102	eindhoven	eindhoven	NOUN
ajfa-8493	38	103	,	,	PUNCT
ajfa-8493	38	104	2007	2007	NUM
ajfa-8493	38	105	)	)	PUNCT
ajfa-8493	38	106	,	,	PUNCT
ajfa-8493	38	107	and	and	CCONJ
ajfa-8493	38	108	in	in	ADP
ajfa-8493	38	109	these	these	DET
ajfa-8493	38	110	studies	study	NOUN
ajfa-8493	38	111	,	,	PUNCT
ajfa-8493	38	112	financial	financial	ADJ
ajfa-8493	38	113	ratios	ratio	NOUN
ajfa-8493	38	114	change	change	NOUN
ajfa-8493	38	115	measurements	measurement	NOUN
ajfa-8493	38	116	were	be	AUX
ajfa-8493	38	117	based	base	VERB
ajfa-8493	38	118	on	on	ADP
ajfa-8493	38	119	estimations	estimation	NOUN
ajfa-8493	38	120	including	include	VERB
ajfa-8493	38	121	asian	asian	ADJ
ajfa-8493	38	122	journal	journal	NOUN
ajfa-8493	38	123	of	of	ADP
ajfa-8493	38	124	finance	finance	PROPN
ajfa-8493	38	125	&	&	CCONJ
ajfa-8493	38	126	accounting	accounting	PROPN
ajfa-8493	38	127	issn	issn	PROPN
ajfa-8493	38	128	1946	1946	NUM
ajfa-8493	38	129	-	-	PUNCT
ajfa-8493	38	130	052x	052x	NOUN
ajfa-8493	38	131	2015	2015	NUM
ajfa-8493	38	132	,	,	PUNCT
ajfa-8493	38	133	vol	vol	NOUN
ajfa-8493	38	134	.	.	PROPN
ajfa-8493	38	135	7	7	NUM
ajfa-8493	38	136	,	,	PUNCT
ajfa-8493	38	137	no	no	INTJ
ajfa-8493	38	138	.	.	NOUN
ajfa-8493	38	139	2	2	NUM
ajfa-8493	38	140	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-8493	38	141	5	5	NUM
ajfa-8493	38	142	lease	lease	NOUN
ajfa-8493	38	143	term	term	NOUN
ajfa-8493	38	144	,	,	PUNCT
ajfa-8493	38	145	the	the	DET
ajfa-8493	38	146	remaining	remain	VERB
ajfa-8493	38	147	lease	lease	NOUN
ajfa-8493	38	148	term	term	NOUN
ajfa-8493	38	149	,	,	PUNCT
ajfa-8493	38	150	discount	discount	NOUN
ajfa-8493	38	151	rate	rate	NOUN
ajfa-8493	38	152	and	and	CCONJ
ajfa-8493	38	153	depreciation	depreciation	NOUN
ajfa-8493	38	154	method	method	NOUN
ajfa-8493	38	155	.	.	PUNCT
ajfa-8493	39	1	however	however	ADV
ajfa-8493	39	2	the	the	DET
ajfa-8493	39	3	estimation	estimation	NOUN
ajfa-8493	39	4	can	can	AUX
ajfa-8493	39	5	be	be	AUX
ajfa-8493	39	6	lousy	lousy	ADJ
ajfa-8493	39	7	and	and	CCONJ
ajfa-8493	39	8	lacking	lacking	ADJ
ajfa-8493	39	9	accuracy	accuracy	NOUN
ajfa-8493	39	10	(	(	PUNCT
ajfa-8493	39	11	han	han	PROPN
ajfa-8493	39	12	,	,	PUNCT
ajfa-8493	39	13	2010	2010	NUM
ajfa-8493	39	14	)	)	PUNCT
ajfa-8493	39	15	.	.	PUNCT
ajfa-8493	40	1	capitalization	capitalization	NOUN
ajfa-8493	40	2	impact	impact	NOUN
ajfa-8493	40	3	on	on	ADP
ajfa-8493	40	4	credit	credit	NOUN
ajfa-8493	40	5	risk	risk	NOUN
ajfa-8493	40	6	can	can	AUX
ajfa-8493	40	7	differ	differ	VERB
ajfa-8493	40	8	from	from	ADP
ajfa-8493	40	9	that	that	PRON
ajfa-8493	40	10	on	on	ADP
ajfa-8493	40	11	equity	equity	NOUN
ajfa-8493	40	12	risk	risk	NOUN
ajfa-8493	40	13	,	,	PUNCT
ajfa-8493	40	14	and	and	CCONJ
ajfa-8493	40	15	debt	debt	NOUN
ajfa-8493	40	16	holders	holder	NOUN
ajfa-8493	40	17	and	and	CCONJ
ajfa-8493	40	18	shareholders	shareholder	NOUN
ajfa-8493	40	19	are	be	AUX
ajfa-8493	40	20	most	most	ADV
ajfa-8493	40	21	likely	likely	ADJ
ajfa-8493	40	22	to	to	PART
ajfa-8493	40	23	perceive	perceive	VERB
ajfa-8493	40	24	risk	risk	NOUN
ajfa-8493	40	25	differently	differently	ADV
ajfa-8493	40	26	,	,	PUNCT
ajfa-8493	40	27	and	and	CCONJ
ajfa-8493	40	28	their	their	PRON
ajfa-8493	40	29	conclusions	conclusion	NOUN
ajfa-8493	40	30	drawn	draw	VERB
ajfa-8493	40	31	from	from	ADP
ajfa-8493	40	32	accounting	accounting	NOUN
ajfa-8493	40	33	information	information	NOUN
ajfa-8493	40	34	are	be	AUX
ajfa-8493	40	35	also	also	ADV
ajfa-8493	40	36	different	different	ADJ
ajfa-8493	40	37	.	.	PUNCT
ajfa-8493	41	1	shareholders	shareholder	NOUN
ajfa-8493	41	2	may	may	AUX
ajfa-8493	41	3	have	have	VERB
ajfa-8493	41	4	higher	high	ADJ
ajfa-8493	41	5	equity	equity	NOUN
ajfa-8493	41	6	risk	risk	NOUN
ajfa-8493	41	7	for	for	ADP
ajfa-8493	41	8	the	the	DET
ajfa-8493	41	9	reason	reason	NOUN
ajfa-8493	41	10	of	of	ADP
ajfa-8493	41	11	hidden	hidden	ADJ
ajfa-8493	41	12	information	information	NOUN
ajfa-8493	41	13	;	;	PUNCT
ajfa-8493	41	14	they	they	PRON
ajfa-8493	41	15	have	have	VERB
ajfa-8493	41	16	no	no	DET
ajfa-8493	41	17	legitimate	legitimate	ADJ
ajfa-8493	41	18	access	access	NOUN
ajfa-8493	41	19	to	to	ADP
ajfa-8493	41	20	operation	operation	NOUN
ajfa-8493	41	21	lease	lease	NOUN
ajfa-8493	41	22	term	term	NOUN
ajfa-8493	41	23	and	and	CCONJ
ajfa-8493	41	24	interest	interest	NOUN
ajfa-8493	41	25	rate	rate	NOUN
ajfa-8493	41	26	.	.	PUNCT
ajfa-8493	42	1	it	it	PRON
ajfa-8493	42	2	should	should	AUX
ajfa-8493	42	3	be	be	AUX
ajfa-8493	42	4	noted	note	VERB
ajfa-8493	42	5	that	that	SCONJ
ajfa-8493	42	6	the	the	DET
ajfa-8493	42	7	off	off	ADP
ajfa-8493	42	8	-	-	PUNCT
ajfa-8493	42	9	balance	balance	NOUN
ajfa-8493	42	10	sheet	sheet	NOUN
ajfa-8493	42	11	notes	note	NOUN
ajfa-8493	42	12	just	just	ADV
ajfa-8493	42	13	provide	provide	VERB
ajfa-8493	42	14	information	information	NOUN
ajfa-8493	42	15	about	about	ADP
ajfa-8493	42	16	the	the	DET
ajfa-8493	42	17	present	present	ADJ
ajfa-8493	42	18	value	value	NOUN
ajfa-8493	42	19	of	of	ADP
ajfa-8493	42	20	lease	lease	NOUN
ajfa-8493	42	21	obligations	obligation	NOUN
ajfa-8493	42	22	for	for	ADP
ajfa-8493	42	23	the	the	DET
ajfa-8493	42	24	next	next	ADJ
ajfa-8493	42	25	four	four	NUM
ajfa-8493	42	26	years	year	NOUN
ajfa-8493	42	27	,	,	PUNCT
ajfa-8493	42	28	and	and	CCONJ
ajfa-8493	42	29	a	a	DET
ajfa-8493	42	30	lump	lump	NOUN
ajfa-8493	42	31	sum	sum	NOUN
ajfa-8493	42	32	amount	amount	NOUN
ajfa-8493	42	33	for	for	ADP
ajfa-8493	42	34	the	the	DET
ajfa-8493	42	35	next	next	ADJ
ajfa-8493	42	36	years	year	NOUN
ajfa-8493	42	37	.	.	PUNCT
ajfa-8493	43	1	also	also	ADV
ajfa-8493	43	2	,	,	PUNCT
ajfa-8493	43	3	shareholders	shareholder	NOUN
ajfa-8493	43	4	have	have	AUX
ajfa-8493	43	5	limited	limit	VERB
ajfa-8493	43	6	information	information	NOUN
ajfa-8493	43	7	about	about	ADP
ajfa-8493	43	8	lease	lease	NOUN
ajfa-8493	43	9	contracts	contract	NOUN
ajfa-8493	43	10	provisions	provision	NOUN
ajfa-8493	43	11	and	and	CCONJ
ajfa-8493	43	12	their	their	PRON
ajfa-8493	43	13	content	content	NOUN
ajfa-8493	43	14	while	while	SCONJ
ajfa-8493	43	15	debt	debt	NOUN
ajfa-8493	43	16	holders	holder	NOUN
ajfa-8493	43	17	may	may	AUX
ajfa-8493	43	18	enforce	enforce	VERB
ajfa-8493	43	19	access	access	NOUN
ajfa-8493	43	20	to	to	ADP
ajfa-8493	43	21	hidden	hidden	ADJ
ajfa-8493	43	22	information	information	NOUN
ajfa-8493	43	23	in	in	ADP
ajfa-8493	43	24	contracts	contract	NOUN
ajfa-8493	43	25	’	'	PUNCT
ajfa-8493	43	26	provision	provision	NOUN
ajfa-8493	43	27	text	text	NOUN
ajfa-8493	43	28	.	.	PUNCT
ajfa-8493	44	1	in	in	ADP
ajfa-8493	44	2	contrast	contrast	NOUN
ajfa-8493	44	3	,	,	PUNCT
ajfa-8493	44	4	altamuro	altamuro	NOUN
ajfa-8493	44	5	,	,	PUNCT
ajfa-8493	44	6	johnston	johnston	PROPN
ajfa-8493	44	7	,	,	PUNCT
ajfa-8493	44	8	pandit	pandit	NOUN
ajfa-8493	44	9	,	,	PUNCT
ajfa-8493	44	10	and	and	CCONJ
ajfa-8493	44	11	zhang	zhang	PROPN
ajfa-8493	44	12	(	(	PUNCT
ajfa-8493	44	13	2012	2012	NUM
ajfa-8493	44	14	)	)	PUNCT
ajfa-8493	44	15	claim	claim	VERB
ajfa-8493	44	16	that	that	SCONJ
ajfa-8493	44	17	the	the	DET
ajfa-8493	44	18	effect	effect	NOUN
ajfa-8493	44	19	on	on	ADP
ajfa-8493	44	20	credit	credit	NOUN
ajfa-8493	44	21	risk	risk	NOUN
ajfa-8493	44	22	is	be	AUX
ajfa-8493	44	23	more	more	ADJ
ajfa-8493	44	24	than	than	ADP
ajfa-8493	44	25	the	the	DET
ajfa-8493	44	26	equity	equity	NOUN
ajfa-8493	44	27	risk	risk	NOUN
ajfa-8493	44	28	,	,	PUNCT
ajfa-8493	44	29	given	give	VERB
ajfa-8493	44	30	that	that	SCONJ
ajfa-8493	44	31	leases	lease	NOUN
ajfa-8493	44	32	represent	represent	VERB
ajfa-8493	44	33	a	a	DET
ajfa-8493	44	34	future	future	ADJ
ajfa-8493	44	35	cash	cash	NOUN
ajfa-8493	44	36	flow	flow	NOUN
ajfa-8493	44	37	commitment	commitment	NOUN
ajfa-8493	44	38	and	and	CCONJ
ajfa-8493	44	39	can	can	AUX
ajfa-8493	44	40	impact	impact	VERB
ajfa-8493	44	41	creditor	creditor	NOUN
ajfa-8493	44	42	’s	’s	PART
ajfa-8493	44	43	claims	claim	NOUN
ajfa-8493	44	44	in	in	ADP
ajfa-8493	44	45	liquidation	liquidation	NOUN
ajfa-8493	44	46	.	.	PUNCT
ajfa-8493	45	1	however	however	ADV
ajfa-8493	45	2	,	,	PUNCT
ajfa-8493	45	3	liquidation	liquidation	NOUN
ajfa-8493	45	4	is	be	AUX
ajfa-8493	45	5	the	the	DET
ajfa-8493	45	6	odd	odd	ADJ
ajfa-8493	45	7	case	case	NOUN
ajfa-8493	45	8	.	.	PUNCT
ajfa-8493	46	1	additionally	additionally	ADV
ajfa-8493	46	2	,	,	PUNCT
ajfa-8493	46	3	jesswein	jesswein	PROPN
ajfa-8493	46	4	(	(	PUNCT
ajfa-8493	46	5	2008	2008	NUM
ajfa-8493	46	6	)	)	PUNCT
ajfa-8493	46	7	used	use	VERB
ajfa-8493	46	8	the	the	DET
ajfa-8493	46	9	altman	altman	NOUN
ajfa-8493	46	10	’s	’s	PART
ajfa-8493	46	11	discriminate	discriminate	VERB
ajfa-8493	46	12	analysis	analysis	NOUN
ajfa-8493	46	13	model	model	NOUN
ajfa-8493	46	14	and	and	CCONJ
ajfa-8493	46	15	z	z	NOUN
ajfa-8493	46	16	-	-	PUNCT
ajfa-8493	46	17	score	score	NOUN
ajfa-8493	46	18	,	,	PUNCT
ajfa-8493	46	19	particularly	particularly	ADV
ajfa-8493	46	20	to	to	PART
ajfa-8493	46	21	examine	examine	VERB
ajfa-8493	46	22	the	the	DET
ajfa-8493	46	23	capitalization	capitalization	NOUN
ajfa-8493	46	24	impact	impact	NOUN
ajfa-8493	46	25	on	on	ADP
ajfa-8493	46	26	individual	individual	ADJ
ajfa-8493	46	27	company	company	NOUN
ajfa-8493	46	28	creditability	creditability	NOUN
ajfa-8493	46	29	.	.	PUNCT
ajfa-8493	47	1	meanwhile	meanwhile	ADV
ajfa-8493	47	2	,	,	PUNCT
ajfa-8493	47	3	schneider	schneider	NOUN
ajfa-8493	47	4	,	,	PUNCT
ajfa-8493	47	5	mccarthy	mccarthy	PROPN
ajfa-8493	47	6	,	,	PUNCT
ajfa-8493	47	7	and	and	CCONJ
ajfa-8493	47	8	cotton	cotton	NOUN
ajfa-8493	47	9	(	(	PUNCT
ajfa-8493	47	10	2012	2012	NUM
ajfa-8493	47	11	)	)	PUNCT
ajfa-8493	47	12	suggested	suggest	VERB
ajfa-8493	47	13	a	a	DET
ajfa-8493	47	14	modified	modify	VERB
ajfa-8493	47	15	copy	copy	NOUN
ajfa-8493	47	16	of	of	ADP
ajfa-8493	47	17	standard	standard	ADJ
ajfa-8493	47	18	and	and	CCONJ
ajfa-8493	47	19	poor	poor	ADJ
ajfa-8493	47	20	's	's	PART
ajfa-8493	47	21	’	'	PUNCT
ajfa-8493	47	22	credit	credit	NOUN
ajfa-8493	47	23	rating	rating	NOUN
ajfa-8493	47	24	to	to	PART
ajfa-8493	47	25	examine	examine	VERB
ajfa-8493	47	26	whether	whether	SCONJ
ajfa-8493	47	27	the	the	DET
ajfa-8493	47	28	operational	operational	ADJ
ajfa-8493	47	29	lease	lease	NOUN
ajfa-8493	47	30	amounts	amount	NOUN
ajfa-8493	47	31	reported	report	VERB
ajfa-8493	47	32	in	in	ADP
ajfa-8493	47	33	the	the	DET
ajfa-8493	47	34	footnotes	footnote	NOUN
ajfa-8493	47	35	are	be	AUX
ajfa-8493	47	36	significant	significant	ADJ
ajfa-8493	47	37	(	(	PUNCT
ajfa-8493	47	38	relevant	relevant	ADJ
ajfa-8493	47	39	)	)	PUNCT
ajfa-8493	47	40	contributor	contributor	NOUN
ajfa-8493	47	41	in	in	ADP
ajfa-8493	47	42	credit	credit	NOUN
ajfa-8493	47	43	rating	rating	NOUN
ajfa-8493	47	44	determination	determination	NOUN
ajfa-8493	47	45	.	.	PUNCT
ajfa-8493	48	1	usually	usually	ADV
ajfa-8493	48	2	,	,	PUNCT
ajfa-8493	48	3	capital	capital	NOUN
ajfa-8493	48	4	consist	consist	NOUN
ajfa-8493	48	5	of	of	ADP
ajfa-8493	48	6	two	two	NUM
ajfa-8493	48	7	sources	source	NOUN
ajfa-8493	48	8	,	,	PUNCT
ajfa-8493	48	9	owners	owner	NOUN
ajfa-8493	48	10	'	'	PART
ajfa-8493	48	11	equity	equity	NOUN
ajfa-8493	48	12	and	and	CCONJ
ajfa-8493	48	13	debt	debt	NOUN
ajfa-8493	48	14	,	,	PUNCT
ajfa-8493	48	15	both	both	DET
ajfa-8493	48	16	sides	side	NOUN
ajfa-8493	48	17	;	;	PUNCT
ajfa-8493	48	18	owners	owner	NOUN
ajfa-8493	48	19	and	and	CCONJ
ajfa-8493	48	20	debt	debt	NOUN
ajfa-8493	48	21	holders	holder	NOUN
ajfa-8493	48	22	expected	expect	VERB
ajfa-8493	48	23	return	return	NOUN
ajfa-8493	48	24	depend	depend	VERB
ajfa-8493	48	25	on	on	ADP
ajfa-8493	48	26	the	the	DET
ajfa-8493	48	27	risk	risk	NOUN
ajfa-8493	48	28	margin	margin	NOUN
ajfa-8493	48	29	they	they	PRON
ajfa-8493	48	30	are	be	AUX
ajfa-8493	48	31	taking	take	VERB
ajfa-8493	48	32	,	,	PUNCT
ajfa-8493	48	33	therefore	therefore	ADV
ajfa-8493	48	34	their	their	PRON
ajfa-8493	48	35	analysis	analysis	NOUN
ajfa-8493	48	36	is	be	AUX
ajfa-8493	48	37	company	company	NOUN
ajfa-8493	48	38	specific	specific	ADJ
ajfa-8493	48	39	,	,	PUNCT
ajfa-8493	48	40	therefore	therefore	ADV
ajfa-8493	48	41	,	,	PUNCT
ajfa-8493	48	42	one	one	NUM
ajfa-8493	48	43	of	of	ADP
ajfa-8493	48	44	their	their	PRON
ajfa-8493	48	45	financial	financial	ADJ
ajfa-8493	48	46	analysis	analysis	NOUN
ajfa-8493	48	47	tools	tool	NOUN
ajfa-8493	48	48	to	to	PART
ajfa-8493	48	49	compare	compare	VERB
ajfa-8493	48	50	and	and	CCONJ
ajfa-8493	48	51	evaluate	evaluate	VERB
ajfa-8493	48	52	companies	company	NOUN
ajfa-8493	48	53	is	be	AUX
ajfa-8493	48	54	the	the	DET
ajfa-8493	48	55	weighted	weighted	ADJ
ajfa-8493	48	56	average	average	ADJ
ajfa-8493	48	57	cost	cost	NOUN
ajfa-8493	48	58	of	of	ADP
ajfa-8493	48	59	capital	capital	PROPN
ajfa-8493	48	60	wacc	wacc	PROPN
ajfa-8493	48	61	.	.	PUNCT
ajfa-8493	49	1	present	present	ADJ
ajfa-8493	49	2	study	study	NOUN
ajfa-8493	49	3	in	in	ADP
ajfa-8493	49	4	financial	financial	ADJ
ajfa-8493	49	5	risk	risk	NOUN
ajfa-8493	49	6	assessment	assessment	NOUN
ajfa-8493	49	7	is	be	AUX
ajfa-8493	49	8	similar	similar	ADJ
ajfa-8493	49	9	to	to	ADP
ajfa-8493	49	10	the	the	DET
ajfa-8493	49	11	most	most	ADV
ajfa-8493	49	12	recent	recent	ADJ
ajfa-8493	49	13	study	study	NOUN
ajfa-8493	49	14	in	in	ADP
ajfa-8493	49	15	this	this	DET
ajfa-8493	49	16	area	area	NOUN
ajfa-8493	49	17	ofzhao	ofzhao	ADV
ajfa-8493	49	18	(	(	PUNCT
ajfa-8493	49	19	2013)he	2013)he	NOUN
ajfa-8493	49	20	performed	perform	VERB
ajfa-8493	49	21	his	his	PRON
ajfa-8493	49	22	study	study	NOUN
ajfa-8493	49	23	in	in	ADP
ajfa-8493	49	24	the	the	DET
ajfa-8493	49	25	usa	usa	PROPN
ajfa-8493	49	26	setting	setting	NOUN
ajfa-8493	49	27	,	,	PUNCT
ajfa-8493	49	28	in	in	ADP
ajfa-8493	49	29	light	light	NOUN
ajfa-8493	49	30	of	of	ADP
ajfa-8493	49	31	the	the	DET
ajfa-8493	49	32	american	american	ADJ
ajfa-8493	49	33	financial	financial	ADJ
ajfa-8493	49	34	reporting	reporting	NOUN
ajfa-8493	49	35	rule	rule	NOUN
ajfa-8493	49	36	fr-67	fr-67	NOUN
ajfa-8493	49	37	,	,	PUNCT
ajfa-8493	49	38	the	the	DET
ajfa-8493	49	39	“	"	PUNCT
ajfa-8493	49	40	tabular	tabular	NOUN
ajfa-8493	49	41	disclosure	disclosure	NOUN
ajfa-8493	49	42	of	of	ADP
ajfa-8493	49	43	contractual	contractual	ADJ
ajfa-8493	49	44	obligations".zhao	obligations".zhao	PROPN
ajfa-8493	49	45	’s	’s	PART
ajfa-8493	49	46	study	study	NOUN
ajfa-8493	49	47	focused	focus	VERB
ajfa-8493	49	48	on	on	ADP
ajfa-8493	49	49	five	five	NUM
ajfa-8493	49	50	types	type	NOUN
ajfa-8493	49	51	of	of	ADP
ajfa-8493	49	52	off	off	ADP
ajfa-8493	49	53	-	-	PUNCT
ajfa-8493	49	54	balance	balance	NOUN
ajfa-8493	49	55	sheet	sheet	NOUN
ajfa-8493	49	56	(	(	PUNCT
ajfa-8493	49	57	hidden	hidden	ADJ
ajfa-8493	49	58	)	)	PUNCT
ajfa-8493	49	59	obligations	obligation	NOUN
ajfa-8493	49	60	(	(	PUNCT
ajfa-8493	49	61	purchase	purchase	NOUN
ajfa-8493	49	62	obligations	obligation	NOUN
ajfa-8493	49	63	,	,	PUNCT
ajfa-8493	49	64	long	long	ADJ
ajfa-8493	49	65	term	term	NOUN
ajfa-8493	49	66	debt	debt	NOUN
ajfa-8493	49	67	,	,	PUNCT
ajfa-8493	49	68	operational	operational	ADJ
ajfa-8493	49	69	lease	lease	NOUN
ajfa-8493	49	70	,	,	PUNCT
ajfa-8493	49	71	capital	capital	NOUN
ajfa-8493	49	72	lease	lease	NOUN
ajfa-8493	49	73	obligations	obligation	NOUN
ajfa-8493	49	74	,	,	PUNCT
ajfa-8493	49	75	and	and	CCONJ
ajfa-8493	49	76	other	other	ADJ
ajfa-8493	49	77	long	long	ADJ
ajfa-8493	49	78	term	term	NOUN
ajfa-8493	49	79	liabilities	liability	NOUN
ajfa-8493	49	80	)	)	PUNCT
ajfa-8493	49	81	and	and	CCONJ
ajfa-8493	49	82	the	the	DET
ajfa-8493	49	83	researcher	researcher	NOUN
ajfa-8493	49	84	(	(	PUNCT
ajfa-8493	49	85	zhao	zhao	NOUN
ajfa-8493	49	86	)	)	PUNCT
ajfa-8493	49	87	hypothesized	hypothesize	VERB
ajfa-8493	49	88	that	that	SCONJ
ajfa-8493	49	89	tabular	tabular	NOUN
ajfa-8493	49	90	disclosures	disclosure	NOUN
ajfa-8493	49	91	can	can	AUX
ajfa-8493	49	92	provide	provide	VERB
ajfa-8493	49	93	additional	additional	ADJ
ajfa-8493	49	94	information	information	NOUN
ajfa-8493	49	95	about	about	ADP
ajfa-8493	49	96	company	company	NOUN
ajfa-8493	49	97	risk	risk	NOUN
ajfa-8493	49	98	,	,	PUNCT
ajfa-8493	49	99	and	and	CCONJ
ajfa-8493	49	100	influence	influence	VERB
ajfa-8493	49	101	the	the	DET
ajfa-8493	49	102	assessment	assessment	NOUN
ajfa-8493	49	103	of	of	ADP
ajfa-8493	49	104	credit	credit	NOUN
ajfa-8493	49	105	risk	risk	NOUN
ajfa-8493	49	106	by	by	ADP
ajfa-8493	49	107	credit	credit	NOUN
ajfa-8493	49	108	rating	rating	NOUN
ajfa-8493	49	109	agencies	agency	NOUN
ajfa-8493	49	110	,	,	PUNCT
ajfa-8493	49	111	public	public	ADJ
ajfa-8493	49	112	bond	bond	NOUN
ajfa-8493	49	113	holders	holder	NOUN
ajfa-8493	49	114	,	,	PUNCT
ajfa-8493	49	115	and	and	CCONJ
ajfa-8493	49	116	private	private	ADJ
ajfa-8493	49	117	loan	loan	NOUN
ajfa-8493	49	118	lenders	lender	NOUN
ajfa-8493	49	119	.	.	PUNCT
ajfa-8493	50	1	zhao	zhao	PROPN
ajfa-8493	50	2	found	find	VERB
ajfa-8493	50	3	that	that	SCONJ
ajfa-8493	50	4	all	all	DET
ajfa-8493	50	5	four	four	NUM
ajfa-8493	50	6	credit	credit	NOUN
ajfa-8493	50	7	risk	risk	NOUN
ajfa-8493	50	8	measures	measure	NOUN
ajfa-8493	50	9	(	(	PUNCT
ajfa-8493	50	10	i.e.	i.e.	X
ajfa-8493	50	11	,	,	PUNCT
ajfa-8493	50	12	credit	credit	NOUN
ajfa-8493	50	13	ratings	rating	NOUN
ajfa-8493	50	14	,	,	PUNCT
ajfa-8493	50	15	negative	negative	ADJ
ajfa-8493	50	16	credit	credit	NOUN
ajfa-8493	50	17	watch	watch	NOUN
ajfa-8493	50	18	,	,	PUNCT
ajfa-8493	50	19	bond	bond	NOUN
ajfa-8493	50	20	spreads	spread	VERB
ajfa-8493	50	21	,	,	PUNCT
ajfa-8493	50	22	and	and	CCONJ
ajfa-8493	50	23	the	the	DET
ajfa-8493	50	24	number	number	NOUN
ajfa-8493	50	25	of	of	ADP
ajfa-8493	50	26	covenants	covenant	NOUN
ajfa-8493	50	27	in	in	ADP
ajfa-8493	50	28	private	private	ADJ
ajfa-8493	50	29	loan	loan	NOUN
ajfa-8493	50	30	contracts	contract	NOUN
ajfa-8493	50	31	)	)	PUNCT
ajfa-8493	50	32	significantly	significantly	ADV
ajfa-8493	50	33	increase	increase	VERB
ajfa-8493	50	34	with	with	ADP
ajfa-8493	50	35	off	off	ADP
ajfa-8493	50	36	-	-	PUNCT
ajfa-8493	50	37	balance	balance	NOUN
ajfa-8493	50	38	sheet	sheet	NOUN
ajfa-8493	50	39	obligations	obligation	NOUN
ajfa-8493	50	40	when	when	SCONJ
ajfa-8493	50	41	the	the	DET
ajfa-8493	50	42	firms	firm	NOUN
ajfa-8493	50	43	report	report	VERB
ajfa-8493	50	44	the	the	DET
ajfa-8493	50	45	tabular	tabular	ADJ
ajfa-8493	50	46	disclosures	disclosure	NOUN
ajfa-8493	50	47	of	of	ADP
ajfa-8493	50	48	contractual	contractual	ADJ
ajfa-8493	50	49	obligations	obligation	NOUN
ajfa-8493	50	50	for	for	ADP
ajfa-8493	50	51	the	the	DET
ajfa-8493	50	52	first	first	ADJ
ajfa-8493	50	53	time	time	NOUN
ajfa-8493	50	54	.	.	PUNCT
ajfa-8493	51	1	further	far	ADV
ajfa-8493	51	2	,	,	PUNCT
ajfa-8493	51	3	zhao	zhao	PROPN
ajfa-8493	51	4	’s	’s	PART
ajfa-8493	51	5	results	result	NOUN
ajfa-8493	51	6	also	also	ADV
ajfa-8493	51	7	suggest	suggest	VERB
ajfa-8493	51	8	that	that	SCONJ
ajfa-8493	51	9	the	the	DET
ajfa-8493	51	10	three	three	NUM
ajfa-8493	51	11	major	major	ADJ
ajfa-8493	51	12	debt	debt	NOUN
ajfa-8493	51	13	-	-	PUNCT
ajfa-8493	51	14	market	market	NOUN
ajfa-8493	51	15	participants	participant	NOUN
ajfa-8493	51	16	view	view	VERB
ajfa-8493	51	17	purchase	purchase	NOUN
ajfa-8493	51	18	obligations	obligation	NOUN
ajfa-8493	51	19	as	as	ADP
ajfa-8493	51	20	at	at	ADV
ajfa-8493	51	21	least	least	ADJ
ajfa-8493	51	22	as	as	ADV
ajfa-8493	51	23	relevant	relevant	ADJ
ajfa-8493	51	24	as	as	ADP
ajfa-8493	51	25	operating	operating	NOUN
ajfa-8493	51	26	leases	lease	NOUN
ajfa-8493	51	27	and	and	CCONJ
ajfa-8493	51	28	other	other	ADJ
ajfa-8493	51	29	types	type	NOUN
ajfa-8493	51	30	of	of	ADP
ajfa-8493	51	31	off	off	ADP
ajfa-8493	51	32	-	-	PUNCT
ajfa-8493	51	33	balance	balance	NOUN
ajfa-8493	51	34	sheet	sheet	NOUN
ajfa-8493	51	35	obligations	obligation	NOUN
ajfa-8493	51	36	in	in	ADP
ajfa-8493	51	37	explaining	explain	VERB
ajfa-8493	51	38	the	the	DET
ajfa-8493	51	39	firms	firm	NOUN
ajfa-8493	51	40	’	’	PART
ajfa-8493	51	41	credit	credit	NOUN
ajfa-8493	51	42	risk	risk	NOUN
ajfa-8493	51	43	.	.	PUNCT
ajfa-8493	52	1	lease	lease	NOUN
ajfa-8493	52	2	accounting	accounting	NOUN
ajfa-8493	52	3	reform	reform	NOUN
ajfa-8493	52	4	should	should	AUX
ajfa-8493	52	5	stir	stir	VERB
ajfa-8493	52	6	lenders	lender	NOUN
ajfa-8493	52	7	’	'	PUNCT
ajfa-8493	52	8	desire	desire	NOUN
ajfa-8493	52	9	to	to	PART
ajfa-8493	52	10	assess	assess	VERB
ajfa-8493	52	11	its	its	PRON
ajfa-8493	52	12	effect	effect	NOUN
ajfa-8493	52	13	on	on	ADP
ajfa-8493	52	14	lessees	lessee	NOUN
ajfa-8493	52	15	’	'	PUNCT
ajfa-8493	52	16	credibility	credibility	NOUN
ajfa-8493	52	17	.	.	PUNCT
ajfa-8493	53	1	similarly	similarly	ADV
ajfa-8493	53	2	,	,	PUNCT
ajfa-8493	53	3	it	it	PRON
ajfa-8493	53	4	would	would	AUX
ajfa-8493	53	5	stir	stir	VERB
ajfa-8493	53	6	credit	credit	NOUN
ajfa-8493	53	7	analysts	analyst	NOUN
ajfa-8493	53	8	to	to	PART
ajfa-8493	53	9	examine	examine	VERB
ajfa-8493	53	10	capitalization	capitalization	NOUN
ajfa-8493	53	11	impact	impact	NOUN
ajfa-8493	53	12	on	on	ADP
ajfa-8493	53	13	company	company	NOUN
ajfa-8493	53	14	creditworthiness	creditworthiness	PROPN
ajfa-8493	53	15	rank	rank	PROPN
ajfa-8493	53	16	,	,	PUNCT
ajfa-8493	53	17	and	and	CCONJ
ajfa-8493	53	18	to	to	PART
ajfa-8493	53	19	compare	compare	VERB
ajfa-8493	53	20	the	the	DET
ajfa-8493	53	21	current	current	ADJ
ajfa-8493	53	22	lease	lease	NOUN
ajfa-8493	53	23	accounting	accounting	NOUN
ajfa-8493	53	24	standard	standard	NOUN
ajfa-8493	53	25	with	with	ADP
ajfa-8493	53	26	the	the	DET
ajfa-8493	53	27	proposed	propose	VERB
ajfa-8493	53	28	lease	lease	NOUN
ajfa-8493	53	29	recognition	recognition	NOUN
ajfa-8493	53	30	rules	rule	NOUN
ajfa-8493	53	31	,	,	PUNCT
ajfa-8493	53	32	either	either	CCONJ
ajfa-8493	53	33	a	a	DET
ajfa-8493	53	34	combination	combination	NOUN
ajfa-8493	53	35	of	of	ADP
ajfa-8493	53	36	financial	financial	ADJ
ajfa-8493	53	37	ratios	ratio	NOUN
ajfa-8493	53	38	can	can	AUX
ajfa-8493	53	39	be	be	AUX
ajfa-8493	53	40	used	use	VERB
ajfa-8493	53	41	in	in	ADP
ajfa-8493	53	42	asian	asian	ADJ
ajfa-8493	53	43	journal	journal	NOUN
ajfa-8493	53	44	of	of	ADP
ajfa-8493	53	45	finance	finance	PROPN
ajfa-8493	53	46	&	&	CCONJ
ajfa-8493	53	47	accounting	accounting	PROPN
ajfa-8493	53	48	issn	issn	PROPN
ajfa-8493	53	49	1946	1946	NUM
ajfa-8493	53	50	-	-	PUNCT
ajfa-8493	53	51	052x	052x	NOUN
ajfa-8493	53	52	2015	2015	NUM
ajfa-8493	53	53	,	,	PUNCT
ajfa-8493	53	54	vol	vol	NOUN
ajfa-8493	53	55	.	.	PROPN
ajfa-8493	54	1	7	7	NUM
ajfa-8493	54	2	,	,	PUNCT
ajfa-8493	54	3	no	no	INTJ
ajfa-8493	54	4	.	.	NOUN
ajfa-8493	54	5	2	2	NUM
ajfa-8493	54	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-8493	54	7	6	6	NUM
ajfa-8493	54	8	assessing	assess	VERB
ajfa-8493	54	9	credibility	credibility	NOUN
ajfa-8493	54	10	,	,	PUNCT
ajfa-8493	54	11	for	for	ADP
ajfa-8493	54	12	example	example	NOUN
ajfa-8493	54	13	,	,	PUNCT
ajfa-8493	54	14	interest	interest	NOUN
ajfa-8493	54	15	coverage	coverage	NOUN
ajfa-8493	54	16	(	(	PUNCT
ajfa-8493	54	17	ic	ic	NUM
ajfa-8493	54	18	)	)	PUNCT
ajfa-8493	54	19	,	,	PUNCT
ajfa-8493	54	20	and	and	CCONJ
ajfa-8493	54	21	fixed	fix	VERB
ajfa-8493	54	22	charge	charge	NOUN
ajfa-8493	54	23	coverage	coverage	NOUN
ajfa-8493	54	24	ratios	ratio	NOUN
ajfa-8493	54	25	(	(	PUNCT
ajfa-8493	54	26	fccr	fccr	NOUN
ajfa-8493	54	27	)	)	PUNCT
ajfa-8493	54	28	that	that	PRON
ajfa-8493	54	29	are	be	AUX
ajfa-8493	54	30	used	use	VERB
ajfa-8493	54	31	in	in	ADP
ajfa-8493	54	32	the	the	DET
ajfa-8493	54	33	company	company	NOUN
ajfa-8493	54	34	’s	’s	PART
ajfa-8493	54	35	specific	specific	ADJ
ajfa-8493	54	36	capability	capability	NOUN
ajfa-8493	54	37	to	to	PART
ajfa-8493	54	38	generate	generate	VERB
ajfa-8493	54	39	income	income	NOUN
ajfa-8493	54	40	and	and	CCONJ
ajfa-8493	54	41	cash	cash	NOUN
ajfa-8493	54	42	to	to	PART
ajfa-8493	54	43	meet	meet	VERB
ajfa-8493	54	44	debt	debt	NOUN
ajfa-8493	54	45	liabilities	liability	NOUN
ajfa-8493	54	46	.	.	PUNCT
ajfa-8493	55	1	additionally	additionally	ADV
ajfa-8493	55	2	,	,	PUNCT
ajfa-8493	55	3	some	some	DET
ajfa-8493	55	4	other	other	ADJ
ajfa-8493	55	5	ratios	ratio	NOUN
ajfa-8493	55	6	(	(	PUNCT
ajfa-8493	55	7	d	d	X
ajfa-8493	55	8	/	/	SYM
ajfa-8493	55	9	a	a	PRON
ajfa-8493	55	10	,	,	PUNCT
ajfa-8493	55	11	d	d	NOUN
ajfa-8493	55	12	/	/	SYM
ajfa-8493	55	13	e	e	NOUN
ajfa-8493	55	14	,	,	PUNCT
ajfa-8493	55	15	ltd	ltd	PROPN
ajfa-8493	55	16	/	/	SYM
ajfa-8493	55	17	e	e	NOUN
ajfa-8493	55	18	)	)	PUNCT
ajfa-8493	55	19	are	be	AUX
ajfa-8493	55	20	used	use	VERB
ajfa-8493	55	21	by	by	ADP
ajfa-8493	55	22	creditors	creditor	NOUN
ajfa-8493	55	23	to	to	PART
ajfa-8493	55	24	assess	assess	VERB
ajfa-8493	55	25	firms	firm	NOUN
ajfa-8493	55	26	'	'	PART
ajfa-8493	55	27	credibility	credibility	NOUN
ajfa-8493	55	28	.	.	PUNCT
ajfa-8493	56	1	han	han	PROPN
ajfa-8493	56	2	(	(	PUNCT
ajfa-8493	56	3	2010	2010	NUM
ajfa-8493	56	4	)	)	PUNCT
ajfa-8493	56	5	and	and	CCONJ
ajfa-8493	56	6	most	most	ADJ
ajfa-8493	56	7	of	of	ADP
ajfa-8493	56	8	prior	prior	ADJ
ajfa-8493	56	9	researchers	researcher	NOUN
ajfa-8493	56	10	used	use	VERB
ajfa-8493	56	11	leverages	leverage	NOUN
ajfa-8493	56	12	ratios	ratio	NOUN
ajfa-8493	56	13	change	change	VERB
ajfa-8493	56	14	as	as	ADP
ajfa-8493	56	15	an	an	DET
ajfa-8493	56	16	indicator	indicator	NOUN
ajfa-8493	56	17	of	of	ADP
ajfa-8493	56	18	operational	operational	ADJ
ajfa-8493	56	19	lease	lease	NOUN
ajfa-8493	56	20	portion	portion	NOUN
ajfa-8493	56	21	in	in	ADP
ajfa-8493	56	22	cost	cost	NOUN
ajfa-8493	56	23	of	of	ADP
ajfa-8493	56	24	capital	capital	NOUN
ajfa-8493	56	25	but	but	CCONJ
ajfa-8493	56	26	leverage	leverage	NOUN
ajfa-8493	56	27	ratios	ratio	NOUN
ajfa-8493	56	28	change	change	NOUN
ajfa-8493	56	29	does	do	AUX
ajfa-8493	56	30	n't	not	PART
ajfa-8493	56	31	show	show	VERB
ajfa-8493	56	32	and	and	CCONJ
ajfa-8493	56	33	compare	compare	VERB
ajfa-8493	56	34	the	the	DET
ajfa-8493	56	35	financial	financial	ADJ
ajfa-8493	56	36	structure	structure	NOUN
ajfa-8493	56	37	.	.	PUNCT
ajfa-8493	57	1	we	we	PRON
ajfa-8493	57	2	use	use	VERB
ajfa-8493	57	3	the	the	DET
ajfa-8493	57	4	adjusted	adjust	VERB
ajfa-8493	57	5	wacc	wacc	PROPN
ajfa-8493	57	6	model	model	NOUN
ajfa-8493	57	7	to	to	PART
ajfa-8493	57	8	include	include	VERB
ajfa-8493	57	9	the	the	DET
ajfa-8493	57	10	capitalized	capitalize	VERB
ajfa-8493	57	11	amounts	amount	NOUN
ajfa-8493	57	12	of	of	ADP
ajfa-8493	57	13	operational	operational	ADJ
ajfa-8493	57	14	leases	lease	NOUN
ajfa-8493	57	15	.	.	PUNCT
ajfa-8493	58	1	we	we	PRON
ajfa-8493	58	2	select	select	VERB
ajfa-8493	58	3	schneider	schneider	PROPN
ajfa-8493	58	4	et	et	PROPN
ajfa-8493	58	5	al	al	PROPN
ajfa-8493	58	6	.	.	PROPN
ajfa-8493	59	1	(	(	PUNCT
ajfa-8493	59	2	2012	2012	NUM
ajfa-8493	59	3	)	)	PUNCT
ajfa-8493	59	4	suggested	suggest	VERB
ajfa-8493	59	5	model	model	NOUN
ajfa-8493	59	6	,	,	PUNCT
ajfa-8493	59	7	which	which	PRON
ajfa-8493	59	8	it	it	PRON
ajfa-8493	59	9	is	be	AUX
ajfa-8493	59	10	a	a	DET
ajfa-8493	59	11	modified	modify	VERB
ajfa-8493	59	12	version	version	NOUN
ajfa-8493	59	13	of	of	ADP
ajfa-8493	59	14	standards	standard	NOUN
ajfa-8493	59	15	and	and	CCONJ
ajfa-8493	59	16	poor	poor	ADJ
ajfa-8493	59	17	's	's	PART
ajfa-8493	59	18	'	'	PUNCT
ajfa-8493	59	19	weighted	weighted	ADJ
ajfa-8493	59	20	average	average	ADJ
ajfa-8493	59	21	cost	cost	NOUN
ajfa-8493	59	22	of	of	ADP
ajfa-8493	59	23	capital	capital	NOUN
ajfa-8493	59	24	,	,	PUNCT
ajfa-8493	59	25	owing	owe	VERB
ajfa-8493	59	26	to	to	ADP
ajfa-8493	59	27	the	the	DET
ajfa-8493	59	28	fact	fact	NOUN
ajfa-8493	59	29	that	that	SCONJ
ajfa-8493	59	30	it	it	PRON
ajfa-8493	59	31	has	have	AUX
ajfa-8493	59	32	never	never	ADV
ajfa-8493	59	33	been	be	AUX
ajfa-8493	59	34	practicallytested	practicallyteste	VERB
ajfa-8493	59	35	,	,	PUNCT
ajfa-8493	59	36	we	we	PRON
ajfa-8493	59	37	perform	perform	VERB
ajfa-8493	59	38	his	his	PRON
ajfa-8493	59	39	study	study	NOUN
ajfa-8493	59	40	in	in	ADP
ajfa-8493	59	41	the	the	DET
ajfa-8493	59	42	jordanian	jordanian	ADJ
ajfa-8493	59	43	setting	setting	NOUN
ajfa-8493	59	44	,	,	PUNCT
ajfa-8493	59	45	in	in	ADP
ajfa-8493	59	46	practical	practical	ADJ
ajfa-8493	59	47	study	study	NOUN
ajfa-8493	59	48	method	method	NOUN
ajfa-8493	59	49	to	to	PART
ajfa-8493	59	50	explore	explore	VERB
ajfa-8493	59	51	capitalized	capitalize	VERB
ajfa-8493	59	52	operational	operational	ADJ
ajfa-8493	59	53	leases	lease	NOUN
ajfa-8493	59	54	significant	significant	ADJ
ajfa-8493	59	55	and	and	CCONJ
ajfa-8493	59	56	relevancein	relevancein	ADJ
ajfa-8493	59	57	credit	credit	NOUN
ajfa-8493	59	58	rating	rating	NOUN
ajfa-8493	59	59	.	.	PUNCT
ajfa-8493	60	1	3	3	X
ajfa-8493	60	2	.	.	X
ajfa-8493	60	3	data	datum	NOUN
ajfa-8493	60	4	and	and	CCONJ
ajfa-8493	60	5	methodology	methodology	NOUN
ajfa-8493	60	6	the	the	DET
ajfa-8493	60	7	weighted	weighted	ADJ
ajfa-8493	60	8	average	average	ADJ
ajfa-8493	60	9	cost	cost	NOUN
ajfa-8493	60	10	of	of	ADP
ajfa-8493	60	11	capital	capital	NOUN
ajfa-8493	60	12	(	(	PUNCT
ajfa-8493	60	13	wacc	wacc	PROPN
ajfa-8493	60	14	)	)	PUNCT
ajfa-8493	60	15	is	be	AUX
ajfa-8493	60	16	a	a	DET
ajfa-8493	60	17	typical	typical	ADJ
ajfa-8493	60	18	model	model	NOUN
ajfa-8493	60	19	usually	usually	ADV
ajfa-8493	60	20	used	use	VERB
ajfa-8493	60	21	by	by	ADP
ajfa-8493	60	22	decision	decision	NOUN
ajfa-8493	60	23	makers	maker	NOUN
ajfa-8493	60	24	;	;	PUNCT
ajfa-8493	60	25	financial	financial	ADJ
ajfa-8493	60	26	analysis	analysis	NOUN
ajfa-8493	60	27	,	,	PUNCT
ajfa-8493	60	28	investors	investor	NOUN
ajfa-8493	60	29	,	,	PUNCT
ajfa-8493	60	30	and	and	CCONJ
ajfa-8493	60	31	lenders	lender	NOUN
ajfa-8493	60	32	to	to	PART
ajfa-8493	60	33	explore	explore	VERB
ajfa-8493	60	34	the	the	DET
ajfa-8493	60	35	firm	firm	NOUN
ajfa-8493	60	36	's	's	PART
ajfa-8493	60	37	financial	financial	ADJ
ajfa-8493	60	38	structure	structure	NOUN
ajfa-8493	60	39	.	.	PUNCT
ajfa-8493	61	1	the	the	DET
ajfa-8493	61	2	upcoming	upcoming	ADJ
ajfa-8493	61	3	lease	lease	NOUN
ajfa-8493	61	4	accounting	account	VERB
ajfa-8493	61	5	committed	commit	VERB
ajfa-8493	61	6	lessees	lessee	NOUN
ajfa-8493	61	7	to	to	PART
ajfa-8493	61	8	capitalize	capitalize	VERB
ajfa-8493	61	9	all	all	PRON
ajfa-8493	61	10	above	above	ADP
ajfa-8493	61	11	12	12	NUM
ajfa-8493	61	12	months	month	NOUN
ajfa-8493	61	13	uncancellable	uncancellable	ADJ
ajfa-8493	61	14	operation	operation	NOUN
ajfa-8493	61	15	lease	lease	NOUN
ajfa-8493	61	16	agreements	agreement	NOUN
ajfa-8493	61	17	,	,	PUNCT
ajfa-8493	61	18	that	that	PRON
ajfa-8493	61	19	means	mean	VERB
ajfa-8493	61	20	a	a	DET
ajfa-8493	61	21	sort	sort	NOUN
ajfa-8493	61	22	of	of	ADP
ajfa-8493	61	23	new	new	ADJ
ajfa-8493	61	24	source	source	NOUN
ajfa-8493	61	25	of	of	ADP
ajfa-8493	61	26	capitalis	capitali	NOUN
ajfa-8493	61	27	added	add	VERB
ajfa-8493	61	28	to	to	ADP
ajfa-8493	61	29	the	the	DET
ajfa-8493	61	30	financial	financial	ADJ
ajfa-8493	61	31	structure	structure	NOUN
ajfa-8493	61	32	,	,	PUNCT
ajfa-8493	61	33	capitalized	capitalize	VERB
ajfa-8493	61	34	amounts	amount	NOUN
ajfa-8493	61	35	and	and	CCONJ
ajfa-8493	61	36	the	the	DET
ajfa-8493	61	37	lessees	lessee	NOUN
ajfa-8493	61	38	incremental	incremental	ADJ
ajfa-8493	61	39	borrowing	borrowing	NOUN
ajfa-8493	61	40	rate	rate	NOUN
ajfa-8493	61	41	are	be	AUX
ajfa-8493	61	42	a	a	DET
ajfa-8493	61	43	new	new	ADJ
ajfa-8493	61	44	determinant	determinant	ADJ
ajfa-8493	61	45	factors	factor	NOUN
ajfa-8493	61	46	added	add	VERB
ajfa-8493	61	47	to	to	ADP
ajfa-8493	61	48	the	the	DET
ajfa-8493	61	49	equation	equation	NOUN
ajfa-8493	61	50	,	,	PUNCT
ajfa-8493	61	51	the	the	DET
ajfa-8493	61	52	approaching	approach	VERB
ajfa-8493	61	53	regulations	regulation	NOUN
ajfa-8493	61	54	treat	treat	VERB
ajfa-8493	61	55	leases	lease	NOUN
ajfa-8493	61	56	similar	similar	ADJ
ajfa-8493	61	57	to	to	ADP
ajfa-8493	61	58	normal	normal	ADJ
ajfa-8493	61	59	conventional	conventional	ADJ
ajfa-8493	61	60	debt	debt	NOUN
ajfa-8493	61	61	with	with	ADP
ajfa-8493	61	62	only	only	ADV
ajfa-8493	61	63	two	two	NUM
ajfa-8493	61	64	deference	deference	NOUN
ajfa-8493	61	65	's	's	PART
ajfa-8493	61	66	,	,	PUNCT
ajfa-8493	61	67	the	the	DET
ajfa-8493	61	68	interest	interest	NOUN
ajfa-8493	61	69	rates	rate	NOUN
ajfa-8493	61	70	,	,	PUNCT
ajfa-8493	61	71	and	and	CCONJ
ajfa-8493	61	72	residual	residual	ADJ
ajfa-8493	61	73	value	value	NOUN
ajfa-8493	61	74	terms	term	NOUN
ajfa-8493	61	75	.	.	PUNCT
ajfa-8493	62	1	therefore	therefore	ADV
ajfa-8493	62	2	,	,	PUNCT
ajfa-8493	62	3	in	in	ADP
ajfa-8493	62	4	order	order	NOUN
ajfa-8493	62	5	to	to	PART
ajfa-8493	62	6	examine	examine	VERB
ajfa-8493	62	7	the	the	DET
ajfa-8493	62	8	new	new	ADJ
ajfa-8493	62	9	regulations	regulation	NOUN
ajfa-8493	62	10	impact	impact	NOUN
ajfa-8493	62	11	on	on	ADP
ajfa-8493	62	12	cost	cost	NOUN
ajfa-8493	62	13	of	of	ADP
ajfa-8493	62	14	capital	capital	NOUN
ajfa-8493	62	15	,	,	PUNCT
ajfa-8493	62	16	we	we	PRON
ajfa-8493	62	17	apply	apply	VERB
ajfa-8493	62	18	this	this	DET
ajfa-8493	62	19	regulation	regulation	NOUN
ajfa-8493	62	20	to	to	ADP
ajfa-8493	62	21	the	the	DET
ajfa-8493	62	22	rj	rj	PROPN
ajfa-8493	62	23	financial	financial	ADJ
ajfa-8493	62	24	statements	statement	NOUN
ajfa-8493	62	25	of	of	ADP
ajfa-8493	62	26	the	the	DET
ajfa-8493	62	27	previous	previous	ADJ
ajfa-8493	62	28	13	13	NUM
ajfa-8493	62	29	years(2002	years(2002	NOUN
ajfa-8493	62	30	-	-	NOUN
ajfa-8493	62	31	2014	2014	NUM
ajfa-8493	62	32	)	)	PUNCT
ajfa-8493	62	33	.	.	PUNCT
ajfa-8493	63	1	then	then	ADV
ajfa-8493	63	2	we	we	PRON
ajfa-8493	63	3	compare	compare	VERB
ajfa-8493	63	4	the	the	DET
ajfa-8493	63	5	results	result	NOUN
ajfa-8493	63	6	before	before	ADP
ajfa-8493	63	7	applying	apply	VERB
ajfa-8493	63	8	this	this	DET
ajfa-8493	63	9	regulation	regulation	NOUN
ajfa-8493	63	10	and	and	CCONJ
ajfa-8493	63	11	after	after	ADP
ajfa-8493	63	12	.	.	PUNCT
ajfa-8493	64	1	table	table	NOUN
ajfa-8493	64	2	1	1	NUM
ajfa-8493	64	3	reports	report	VERB
ajfa-8493	64	4	the	the	DET
ajfa-8493	64	5	descriptive	descriptive	ADJ
ajfa-8493	64	6	data	datum	NOUN
ajfa-8493	64	7	of	of	ADP
ajfa-8493	64	8	30	30	NUM
ajfa-8493	64	9	actual	actual	ADJ
ajfa-8493	64	10	aircraft	aircraft	NOUN
ajfa-8493	64	11	operation	operation	NOUN
ajfa-8493	64	12	leases.capitalization	leases.capitalization	NOUN
ajfa-8493	64	13	process	process	NOUN
ajfa-8493	64	14	started	start	VERB
ajfa-8493	64	15	with	with	ADP
ajfa-8493	64	16	computing	compute	VERB
ajfa-8493	64	17	the	the	DET
ajfa-8493	64	18	amounts	amount	NOUN
ajfa-8493	64	19	of	of	ADP
ajfa-8493	64	20	unrecorded	unrecorded	ADJ
ajfa-8493	64	21	liabilities	liability	NOUN
ajfa-8493	64	22	which	which	PRON
ajfa-8493	64	23	its	its	PRON
ajfa-8493	64	24	exactly	exactly	ADV
ajfa-8493	64	25	the	the	DET
ajfa-8493	64	26	monthly	monthly	ADJ
ajfa-8493	64	27	lease	lease	NOUN
ajfa-8493	64	28	payments	payment	NOUN
ajfa-8493	64	29	present	present	ADJ
ajfa-8493	64	30	value	value	NOUN
ajfa-8493	64	31	,	,	PUNCT
ajfa-8493	64	32	we	we	PRON
ajfa-8493	64	33	use	use	VERB
ajfa-8493	64	34	exact	exact	ADJ
ajfa-8493	64	35	lease	lease	NOUN
ajfa-8493	64	36	payments	payment	NOUN
ajfa-8493	64	37	at	at	ADP
ajfa-8493	64	38	the	the	DET
ajfa-8493	64	39	beginning	beginning	NOUN
ajfa-8493	64	40	of	of	ADP
ajfa-8493	64	41	the	the	DET
ajfa-8493	64	42	month	month	NOUN
ajfa-8493	64	43	,	,	PUNCT
ajfa-8493	64	44	lease	lease	NOUN
ajfa-8493	64	45	term	term	NOUN
ajfa-8493	64	46	measured	measure	VERB
ajfa-8493	64	47	in	in	ADP
ajfa-8493	64	48	months	month	NOUN
ajfa-8493	64	49	,	,	PUNCT
ajfa-8493	64	50	present	present	ADJ
ajfa-8493	64	51	value	value	NOUN
ajfa-8493	64	52	computed	compute	VERB
ajfa-8493	64	53	at	at	ADP
ajfa-8493	64	54	individual	individual	ADJ
ajfa-8493	64	55	lease	lease	NOUN
ajfa-8493	64	56	contract	contract	NOUN
ajfa-8493	64	57	commencing	commencing	NOUN
ajfa-8493	64	58	date	date	NOUN
ajfa-8493	64	59	base	base	NOUN
ajfa-8493	64	60	on	on	ADP
ajfa-8493	64	61	its	its	PRON
ajfa-8493	64	62	exact	exact	ADJ
ajfa-8493	64	63	interest	interest	NOUN
ajfa-8493	64	64	rate	rate	NOUN
ajfa-8493	64	65	.	.	PUNCT
ajfa-8493	65	1	the	the	DET
ajfa-8493	65	2	unrecorded	unrecorded	ADJ
ajfa-8493	65	3	lease	lease	NOUN
ajfa-8493	65	4	liability	liability	NOUN
ajfa-8493	65	5	is	be	AUX
ajfa-8493	65	6	amortized	amortize	VERB
ajfa-8493	65	7	over	over	ADP
ajfa-8493	65	8	lease	lease	NOUN
ajfa-8493	65	9	term	term	NOUN
ajfa-8493	65	10	,	,	PUNCT
ajfa-8493	65	11	and	and	CCONJ
ajfa-8493	65	12	lease	lease	NOUN
ajfa-8493	65	13	asset	asset	NOUN
ajfa-8493	65	14	is	be	AUX
ajfa-8493	65	15	either	either	CCONJ
ajfa-8493	65	16	depreciated	depreciate	VERB
ajfa-8493	65	17	in	in	ADP
ajfa-8493	65	18	a	a	DET
ajfa-8493	65	19	straight	straight	ADJ
ajfa-8493	65	20	line	line	NOUN
ajfa-8493	65	21	method	method	NOUN
ajfa-8493	65	22	over	over	ADP
ajfa-8493	65	23	lease	lease	NOUN
ajfa-8493	65	24	term	term	NOUN
ajfa-8493	65	25	,	,	PUNCT
ajfa-8493	65	26	we	we	PRON
ajfa-8493	65	27	avoid	avoid	VERB
ajfa-8493	65	28	depreciating	depreciate	VERB
ajfa-8493	65	29	leased	lease	VERB
ajfa-8493	65	30	assets	asset	NOUN
ajfa-8493	65	31	over	over	ADP
ajfa-8493	65	32	its	its	PRON
ajfa-8493	65	33	useful	useful	ADJ
ajfa-8493	65	34	life	life	NOUN
ajfa-8493	65	35	because	because	SCONJ
ajfa-8493	65	36	the	the	DET
ajfa-8493	65	37	upcoming	upcoming	ADJ
ajfa-8493	65	38	lease	lease	NOUN
ajfa-8493	65	39	regulations	regulation	NOUN
ajfa-8493	65	40	allow	allow	VERB
ajfa-8493	65	41	asset	asset	NOUN
ajfa-8493	65	42	depreciation	depreciation	NOUN
ajfa-8493	65	43	over	over	ADP
ajfa-8493	65	44	its	its	PRON
ajfa-8493	65	45	useful	useful	ADJ
ajfa-8493	65	46	life	life	NOUN
ajfa-8493	65	47	only	only	ADV
ajfa-8493	65	48	if	if	SCONJ
ajfa-8493	65	49	the	the	DET
ajfa-8493	65	50	useful	useful	ADJ
ajfa-8493	65	51	life	life	NOUN
ajfa-8493	65	52	of	of	ADP
ajfa-8493	65	53	the	the	DET
ajfa-8493	65	54	underlying	underlie	VERB
ajfa-8493	65	55	asset	asset	NOUN
ajfa-8493	65	56	if	if	SCONJ
ajfa-8493	65	57	shorter	short	ADJ
ajfa-8493	65	58	than	than	ADP
ajfa-8493	65	59	lease	lease	NOUN
ajfa-8493	65	60	term	term	NOUN
ajfa-8493	65	61	,	,	PUNCT
ajfa-8493	65	62	in	in	ADP
ajfa-8493	65	63	our	our	PRON
ajfa-8493	65	64	case	case	NOUN
ajfa-8493	65	65	the	the	DET
ajfa-8493	65	66	minimum	minimum	ADJ
ajfa-8493	65	67	aircraft	aircraft	NOUN
ajfa-8493	65	68	useful	useful	ADJ
ajfa-8493	65	69	life	life	NOUN
ajfa-8493	65	70	is	be	AUX
ajfa-8493	65	71	about	about	ADV
ajfa-8493	65	72	20	20	NUM
ajfa-8493	65	73	years	year	NOUN
ajfa-8493	65	74	and	and	CCONJ
ajfa-8493	65	75	maximum	maximum	ADJ
ajfa-8493	65	76	lease	lease	NOUN
ajfa-8493	65	77	agreement	agreement	NOUN
ajfa-8493	65	78	term	term	NOUN
ajfa-8493	65	79	is	be	AUX
ajfa-8493	65	80	12	12	NUM
ajfa-8493	65	81	years	year	NOUN
ajfa-8493	65	82	.	.	PUNCT
ajfa-8493	66	1	asian	asian	ADJ
ajfa-8493	66	2	journal	journal	PROPN
ajfa-8493	66	3	of	of	ADP
ajfa-8493	66	4	finance	finance	PROPN
ajfa-8493	66	5	&	&	CCONJ
ajfa-8493	66	6	accounting	accounting	PROPN
ajfa-8493	66	7	issn	issn	PROPN
ajfa-8493	66	8	1946	1946	NUM
ajfa-8493	66	9	-	-	PUNCT
ajfa-8493	66	10	052x	052x	NOUN
ajfa-8493	66	11	2015	2015	NUM
ajfa-8493	66	12	,	,	PUNCT
ajfa-8493	66	13	vol	vol	NOUN
ajfa-8493	66	14	.	.	PROPN
ajfa-8493	66	15	7	7	NUM
ajfa-8493	66	16	,	,	PUNCT
ajfa-8493	66	17	no	no	INTJ
ajfa-8493	66	18	.	.	NOUN
ajfa-8493	66	19	2	2	NUM
ajfa-8493	66	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-8493	66	21	7	7	NUM
ajfa-8493	66	22	table	table	NOUN
ajfa-8493	66	23	1.the	1.the	ADP
ajfa-8493	66	24	descriptive	descriptive	ADJ
ajfa-8493	66	25	data	datum	NOUN
ajfa-8493	66	26	of	of	ADP
ajfa-8493	66	27	30	30	NUM
ajfa-8493	66	28	actual	actual	ADJ
ajfa-8493	66	29	aircraft	aircraft	NOUN
ajfa-8493	66	30	operation	operation	NOUN
ajfa-8493	66	31	leases	lease	VERB
ajfa-8493	66	32	wacc	wacc	PROPN
ajfa-8493	66	33	=	=	PUNCT
ajfa-8493	66	34	(	(	PUNCT
ajfa-8493	66	35	weight	weight	NOUN
ajfa-8493	66	36	of	of	ADP
ajfa-8493	66	37	equity*cost	equity*cost	NOUN
ajfa-8493	66	38	of	of	ADP
ajfa-8493	66	39	equity	equity	NOUN
ajfa-8493	66	40	+	+	NOUN
ajfa-8493	66	41	weight	weight	NOUN
ajfa-8493	66	42	of	of	ADP
ajfa-8493	66	43	debt	debt	NOUN
ajfa-8493	66	44	*	*	PUNCT
ajfa-8493	66	45	cost	cost	NOUN
ajfa-8493	66	46	of	of	ADP
ajfa-8493	66	47	debt	debt	NOUN
ajfa-8493	66	48	)	)	PUNCT
ajfa-8493	66	49	)	)	PUNCT
ajfa-8493	67	1	wacc	wacc	PROPN
ajfa-8493	67	2	=	=	X
ajfa-8493	68	1	×	×	PROPN
ajfa-8493	68	2	+	+	CCONJ
ajfa-8493	68	3	+	+	NUM
ajfa-8493	68	4	×	×	NOUN
ajfa-8493	68	5	(	(	PUNCT
ajfa-8493	68	6	1	1	NUM
ajfa-8493	68	7	−	−	NOUN
ajfa-8493	68	8	)	)	PUNCT
ajfa-8493	68	9	×	×	NOUN
ajfa-8493	68	10	+	+	CCONJ
ajfa-8493	68	11	…	…	PUNCT
ajfa-8493	68	12	…	…	PUNCT
ajfa-8493	68	13	…	…	PUNCT
ajfa-8493	68	14	…	…	PUNCT
ajfa-8493	68	15	…	…	PUNCT
ajfa-8493	68	16	…	…	PUNCT
ajfa-8493	68	17	…	…	PUNCT
ajfa-8493	68	18	…	…	PUNCT
ajfa-8493	68	19	.	.	PUNCT
ajfa-8493	69	1	…	…	PUNCT
ajfa-8493	69	2	(	(	PUNCT
ajfa-8493	69	3	1	1	X
ajfa-8493	69	4	)	)	PUNCT
ajfa-8493	69	5	operation	operation	NOUN
ajfa-8493	69	6	lease	lease	NOUN
ajfa-8493	69	7	capitalization	capitalization	NOUN
ajfa-8493	69	8	results	result	NOUN
ajfa-8493	69	9	in	in	ADP
ajfa-8493	69	10	a	a	DET
ajfa-8493	69	11	different	different	ADJ
ajfa-8493	69	12	capital	capital	NOUN
ajfa-8493	69	13	structure	structure	NOUN
ajfa-8493	69	14	.	.	PUNCT
ajfa-8493	70	1	the	the	DET
ajfa-8493	70	2	company	company	NOUN
ajfa-8493	70	3	’s	’s	PART
ajfa-8493	70	4	capital	capital	NOUN
ajfa-8493	70	5	consists	consist	VERB
ajfa-8493	70	6	of	of	ADP
ajfa-8493	70	7	debt	debt	NOUN
ajfa-8493	70	8	,	,	PUNCT
ajfa-8493	70	9	recorded	record	VERB
ajfa-8493	70	10	financial	financial	ADJ
ajfa-8493	70	11	lease	lease	NOUN
ajfa-8493	70	12	,	,	PUNCT
ajfa-8493	70	13	owners	owner	NOUN
ajfa-8493	70	14	'	'	PART
ajfa-8493	70	15	equity	equity	NOUN
ajfa-8493	70	16	,	,	PUNCT
ajfa-8493	70	17	plus	plus	CCONJ
ajfa-8493	70	18	the	the	DET
ajfa-8493	70	19	capitalized	capitalize	VERB
ajfa-8493	70	20	amount	amount	NOUN
ajfa-8493	70	21	of	of	ADP
ajfa-8493	70	22	operation	operation	NOUN
ajfa-8493	70	23	lease	lease	NOUN
ajfa-8493	70	24	.	.	PUNCT
ajfa-8493	71	1	so	so	ADV
ajfa-8493	71	2	,	,	PUNCT
ajfa-8493	71	3	to	to	PART
ajfa-8493	71	4	guarantee	guarantee	VERB
ajfa-8493	71	5	more	more	ADJ
ajfa-8493	71	6	accuracy	accuracy	NOUN
ajfa-8493	71	7	we	we	PRON
ajfa-8493	71	8	adjust	adjust	VERB
ajfa-8493	71	9	the	the	DET
ajfa-8493	71	10	unrecorded	unrecorded	ADJ
ajfa-8493	71	11	lease	lease	NOUN
ajfa-8493	71	12	liabilities	liability	NOUN
ajfa-8493	71	13	by	by	ADP
ajfa-8493	71	14	the	the	DET
ajfa-8493	71	15	recorded	record	VERB
ajfa-8493	71	16	short	short	ADJ
ajfa-8493	71	17	term	term	NOUN
ajfa-8493	71	18	lease	lease	NOUN
ajfa-8493	71	19	liabilities	liability	NOUN
ajfa-8493	71	20	,	,	PUNCT
ajfa-8493	71	21	the	the	DET
ajfa-8493	71	22	unrecorded	unrecorded	ADJ
ajfa-8493	71	23	owners	owner	NOUN
ajfa-8493	71	24	'	'	PART
ajfa-8493	71	25	equity	equity	NOUN
ajfa-8493	71	26	either	either	CCONJ
ajfa-8493	71	27	adjusted	adjust	VERB
ajfa-8493	71	28	by	by	ADP
ajfa-8493	71	29	the	the	DET
ajfa-8493	71	30	tax	tax	NOUN
ajfa-8493	71	31	savings	saving	NOUN
ajfa-8493	71	32	.	.	PUNCT
ajfa-8493	72	1	thus	thus	ADV
ajfa-8493	72	2	,	,	PUNCT
ajfa-8493	72	3	the	the	DET
ajfa-8493	72	4	adjusted	adjust	VERB
ajfa-8493	72	5	waccconsists	waccconsist	NOUN
ajfa-8493	72	6	of	of	ADP
ajfa-8493	72	7	three	three	NUM
ajfa-8493	72	8	parts	part	NOUN
ajfa-8493	72	9	,	,	PUNCT
ajfa-8493	72	10	equity	equity	NOUN
ajfa-8493	72	11	,	,	PUNCT
ajfa-8493	72	12	debt	debt	NOUN
ajfa-8493	72	13	,	,	PUNCT
ajfa-8493	72	14	and	and	CCONJ
ajfa-8493	72	15	the	the	DET
ajfa-8493	72	16	capitalized	capitalize	VERB
ajfa-8493	72	17	a	a	PRON
ajfa-8493	72	18	/	/	SYM
ajfa-8493	72	19	c	c	NOUN
ajfa-8493	72	20	type	type	NOUN
ajfa-8493	72	21	qty	qty	PROPN
ajfa-8493	72	22	end	end	NOUN
ajfa-8493	72	23	-	-	PUNCT
ajfa-8493	72	24	date	date	NOUN
ajfa-8493	72	25	l.term	l.term	NOUN
ajfa-8493	72	26	monthly	monthly	ADV
ajfa-8493	72	27	.	.	PUNCT
ajfa-8493	73	1	rent	rent	VERB
ajfa-8493	73	2	yearly	yearly	ADJ
ajfa-8493	73	3	rent	rent	NOUN
ajfa-8493	73	4	total	total	ADJ
ajfa-8493	73	5	rent	rent	NOUN
ajfa-8493	73	6	pv	pv	NOUN
ajfa-8493	73	7	of	of	ADP
ajfa-8493	73	8	future	future	ADJ
ajfa-8493	73	9	payments	payment	NOUN
ajfa-8493	73	10	1	1	NUM
ajfa-8493	73	11	a-340	a-340	NOUN
ajfa-8493	73	12	-	-	PUNCT
ajfa-8493	73	13	212	212	NUM
ajfa-8493	73	14	1	1	NUM
ajfa-8493	73	15	2002	2002	NUM
ajfa-8493	73	16	-	-	SYM
ajfa-8493	73	17	07	07	NUM
ajfa-8493	73	18	-	-	SYM
ajfa-8493	73	19	18	18	NUM
ajfa-8493	73	20	2014	2014	NUM
ajfa-8493	73	21	-	-	SYM
ajfa-8493	73	22	12	12	NUM
ajfa-8493	73	23	-	-	SYM
ajfa-8493	73	24	31	31	NUM
ajfa-8493	73	25	150	150	NUM
ajfa-8493	73	26	270,000	270,000	NUM
ajfa-8493	73	27	3240000	3240000	NUM
ajfa-8493	73	28	40380164	40380164	NUM
ajfa-8493	73	29	30383546	30383546	NUM
ajfa-8493	73	30	2	2	NUM
ajfa-8493	73	31	a-340	a-340	PROPN
ajfa-8493	73	32	-	-	PUNCT
ajfa-8493	73	33	212	212	NUM
ajfa-8493	73	34	1	1	NUM
ajfa-8493	73	35	2002	2002	NUM
ajfa-8493	73	36	-	-	SYM
ajfa-8493	73	37	08	08	NUM
ajfa-8493	73	38	-	-	SYM
ajfa-8493	73	39	09	09	NUM
ajfa-8493	73	40	2014	2014	NUM
ajfa-8493	73	41	-	-	SYM
ajfa-8493	73	42	12	12	NUM
ajfa-8493	73	43	-	-	SYM
ajfa-8493	73	44	31	31	NUM
ajfa-8493	73	45	149	149	NUM
ajfa-8493	73	46	270,000	270,000	NUM
ajfa-8493	73	47	3240000	3240000	NUM
ajfa-8493	73	48	40184877	40184877	NUM
ajfa-8493	73	49	30049311	30049311	NUM
ajfa-8493	73	50	3	3	NUM
ajfa-8493	73	51	a-340	a-340	PROPN
ajfa-8493	73	52	-	-	PUNCT
ajfa-8493	73	53	212	212	NUM
ajfa-8493	73	54	1	1	NUM
ajfa-8493	73	55	2003	2003	NUM
ajfa-8493	73	56	-	-	SYM
ajfa-8493	73	57	05	05	NUM
ajfa-8493	73	58	-	-	PUNCT
ajfa-8493	73	59	29	29	NUM
ajfa-8493	73	60	2014	2014	NUM
ajfa-8493	73	61	-	-	SYM
ajfa-8493	73	62	12	12	NUM
ajfa-8493	73	63	-	-	SYM
ajfa-8493	73	64	31	31	NUM
ajfa-8493	73	65	139	139	NUM
ajfa-8493	73	66	244,242	244,242	NUM
ajfa-8493	73	67	2930904	2930904	NUM
ajfa-8493	73	68	33998486	33998486	NUM
ajfa-8493	73	69	25837738	25837738	NUM
ajfa-8493	73	70	4	4	NUM
ajfa-8493	73	71	a-340	a-340	PROPN
ajfa-8493	73	72	-	-	PUNCT
ajfa-8493	73	73	212	212	NUM
ajfa-8493	73	74	1	1	NUM
ajfa-8493	73	75	2003	2003	NUM
ajfa-8493	73	76	-	-	SYM
ajfa-8493	73	77	07	07	NUM
ajfa-8493	73	78	-	-	PUNCT
ajfa-8493	73	79	29	29	NUM
ajfa-8493	73	80	2014	2014	NUM
ajfa-8493	73	81	-	-	SYM
ajfa-8493	73	82	12	12	NUM
ajfa-8493	73	83	-	-	SYM
ajfa-8493	73	84	31	31	NUM
ajfa-8493	73	85	137	137	NUM
ajfa-8493	73	86	244,240	244,240	NUM
ajfa-8493	73	87	2930880	2930880	NUM
ajfa-8493	73	88	33508390	33508390	NUM
ajfa-8493	73	89	25561740	25561740	NUM
ajfa-8493	73	90	5	5	NUM
ajfa-8493	73	91	a-319	a-319	NOUN
ajfa-8493	73	92	-	-	SYM
ajfa-8493	73	93	132	132	NUM
ajfa-8493	73	94	1	1	NUM
ajfa-8493	73	95	2008	2008	NUM
ajfa-8493	73	96	-	-	SYM
ajfa-8493	73	97	03	03	NUM
ajfa-8493	73	98	-	-	SYM
ajfa-8493	73	99	13	13	NUM
ajfa-8493	73	100	2018	2018	NUM
ajfa-8493	73	101	-	-	PUNCT
ajfa-8493	73	102	03	03	NUM
ajfa-8493	73	103	-	-	SYM
ajfa-8493	73	104	13	13	NUM
ajfa-8493	73	105	9335	9335	NUM
ajfa-8493	73	106	184,310	184,310	NUM
ajfa-8493	73	107	2211720	2211720	NUM
ajfa-8493	73	108	1720596970	1720596970	NUM
ajfa-8493	73	109	17449097	17449097	NUM
ajfa-8493	73	110	6	6	NUM
ajfa-8493	73	111	a-319	a-319	NOUN
ajfa-8493	73	112	-	-	SYM
ajfa-8493	73	113	132	132	NUM
ajfa-8493	73	114	1	1	NUM
ajfa-8493	73	115	2008	2008	NUM
ajfa-8493	73	116	-	-	SYM
ajfa-8493	73	117	10	10	NUM
ajfa-8493	73	118	-	-	SYM
ajfa-8493	73	119	30	30	NUM
ajfa-8493	73	120	2018	2018	NUM
ajfa-8493	73	121	-	-	SYM
ajfa-8493	73	122	10	10	NUM
ajfa-8493	73	123	-	-	SYM
ajfa-8493	73	124	30	30	NUM
ajfa-8493	73	125	120	120	NUM
ajfa-8493	73	126	324,175	324,175	NUM
ajfa-8493	73	127	3890100	3890100	NUM
ajfa-8493	73	128	38922316	38922316	NUM
ajfa-8493	73	129	30690416	30690416	NUM
ajfa-8493	73	130	7	7	NUM
ajfa-8493	73	131	a-319	a-319	NOUN
ajfa-8493	73	132	-	-	SYM
ajfa-8493	73	133	132	132	NUM
ajfa-8493	73	134	1	1	NUM
ajfa-8493	73	135	2009	2009	NUM
ajfa-8493	73	136	-	-	SYM
ajfa-8493	73	137	02	02	NUM
ajfa-8493	73	138	-	-	PUNCT
ajfa-8493	73	139	20	20	NUM
ajfa-8493	73	140	2019	2019	NUM
ajfa-8493	73	141	-	-	PUNCT
ajfa-8493	73	142	02	02	NUM
ajfa-8493	73	143	-	-	SYM
ajfa-8493	73	144	20	20	NUM
ajfa-8493	73	145	120	120	NUM
ajfa-8493	73	146	354,846	354,846	NUM
ajfa-8493	73	147	4258152	4258152	NUM
ajfa-8493	73	148	42604852	42604852	NUM
ajfa-8493	73	149	33594178	33594178	NUM
ajfa-8493	73	150	8	8	NUM
ajfa-8493	73	151	a-319	a-319	NUM
ajfa-8493	73	152	-	-	SYM
ajfa-8493	73	153	132	132	NUM
ajfa-8493	73	154	1	1	NUM
ajfa-8493	73	155	2009	2009	NUM
ajfa-8493	73	156	-	-	SYM
ajfa-8493	73	157	03	03	NUM
ajfa-8493	73	158	-	-	SYM
ajfa-8493	73	159	14	14	NUM
ajfa-8493	73	160	2019	2019	NUM
ajfa-8493	73	161	-	-	PUNCT
ajfa-8493	73	162	03	03	NUM
ajfa-8493	73	163	-	-	SYM
ajfa-8493	73	164	14	14	NUM
ajfa-8493	73	165	120	120	NUM
ajfa-8493	73	166	359,490	359,490	NUM
ajfa-8493	73	167	4313880	4313880	NUM
ajfa-8493	73	168	43162438	43162438	NUM
ajfa-8493	73	169	34033827	34033827	NUM
ajfa-8493	73	170	9	9	NUM
ajfa-8493	73	171	a320	a320	PROPN
ajfa-8493	73	172	-	-	SYM
ajfa-8493	73	173	232	232	NUM
ajfa-8493	73	174	1	1	NUM
ajfa-8493	73	175	2006	2006	NUM
ajfa-8493	73	176	-	-	SYM
ajfa-8493	73	177	11	11	NUM
ajfa-8493	73	178	-	-	SYM
ajfa-8493	73	179	17	17	NUM
ajfa-8493	73	180	2018	2018	NUM
ajfa-8493	73	181	-	-	SYM
ajfa-8493	73	182	11	11	NUM
ajfa-8493	73	183	-	-	SYM
ajfa-8493	73	184	17	17	NUM
ajfa-8493	73	185	144	144	NUM
ajfa-8493	73	186	209,233	209,233	NUM
ajfa-8493	73	187	2510796	2510796	NUM
ajfa-8493	73	188	30150189	30150189	NUM
ajfa-8493	73	189	22716255	22716255	NUM
ajfa-8493	73	190	10	10	NUM
ajfa-8493	73	191	a320	a320	NUM
ajfa-8493	73	192	-	-	SYM
ajfa-8493	73	193	232	232	NUM
ajfa-8493	73	194	1	1	NUM
ajfa-8493	73	195	2011	2011	NUM
ajfa-8493	73	196	-	-	PUNCT
ajfa-8493	73	197	04	04	NUM
ajfa-8493	73	198	-	-	PUNCT
ajfa-8493	73	199	29	29	NUM
ajfa-8493	73	200	2019	2019	NUM
ajfa-8493	73	201	-	-	PUNCT
ajfa-8493	73	202	04	04	NUM
ajfa-8493	73	203	-	-	SYM
ajfa-8493	73	204	29	29	NUM
ajfa-8493	73	205	96	96	NUM
ajfa-8493	73	206	230,513	230,513	NUM
ajfa-8493	73	207	2766156	2766156	NUM
ajfa-8493	73	208	22144405	22144405	NUM
ajfa-8493	73	209	18283704	18283704	NUM
ajfa-8493	73	210	11	11	NUM
ajfa-8493	73	211	a320	a320	PROPN
ajfa-8493	73	212	-	-	SYM
ajfa-8493	73	213	232	232	NUM
ajfa-8493	73	214	1	1	NUM
ajfa-8493	73	215	2011	2011	NUM
ajfa-8493	73	216	-	-	SYM
ajfa-8493	73	217	09	09	NUM
ajfa-8493	73	218	-	-	SYM
ajfa-8493	73	219	21	21	NUM
ajfa-8493	73	220	2017	2017	NUM
ajfa-8493	73	221	-	-	SYM
ajfa-8493	73	222	09	09	NUM
ajfa-8493	73	223	-	-	SYM
ajfa-8493	73	224	21	21	NUM
ajfa-8493	73	225	72	72	NUM
ajfa-8493	73	226	283,088	283,088	NUM
ajfa-8493	73	227	283,088	283,088	NUM
ajfa-8493	73	228	20400944	20400944	NUM
ajfa-8493	73	229	17591280	17591280	NUM
ajfa-8493	73	230	12	12	NUM
ajfa-8493	73	231	a320	a320	NUM
ajfa-8493	73	232	-	-	SYM
ajfa-8493	73	233	232	232	NUM
ajfa-8493	73	234	1	1	NUM
ajfa-8493	73	235	2011	2011	NUM
ajfa-8493	73	236	-	-	SYM
ajfa-8493	73	237	10	10	NUM
ajfa-8493	73	238	-	-	SYM
ajfa-8493	73	239	19	19	NUM
ajfa-8493	73	240	2019	2019	NUM
ajfa-8493	73	241	-	-	SYM
ajfa-8493	73	242	10	10	NUM
ajfa-8493	73	243	-	-	SYM
ajfa-8493	73	244	19	19	NUM
ajfa-8493	73	245	96	96	NUM
ajfa-8493	73	246	232,000	232,000	NUM
ajfa-8493	73	247	2784000	2784000	NUM
ajfa-8493	73	248	22287255	22287255	NUM
ajfa-8493	73	249	18399886	18399886	NUM
ajfa-8493	73	250	13	13	NUM
ajfa-8493	73	251	a320	a320	PROPN
ajfa-8493	73	252	-	-	SYM
ajfa-8493	73	253	232	232	NUM
ajfa-8493	73	254	1	1	NUM
ajfa-8493	73	255	2012	2012	NUM
ajfa-8493	73	256	-	-	SYM
ajfa-8493	73	257	05	05	NUM
ajfa-8493	73	258	-	-	PUNCT
ajfa-8493	73	259	24	24	NUM
ajfa-8493	73	260	2018	2018	NUM
ajfa-8493	73	261	-	-	SYM
ajfa-8493	73	262	05	05	NUM
ajfa-8493	73	263	-	-	SYM
ajfa-8493	73	264	24	24	NUM
ajfa-8493	73	265	72	72	NUM
ajfa-8493	73	266	284050	284050	NUM
ajfa-8493	73	267	3408600	3408600	NUM
ajfa-8493	73	268	20460939	20460939	NUM
ajfa-8493	73	269	17746451	17746451	NUM
ajfa-8493	73	270	14	14	NUM
ajfa-8493	73	271	a320	a320	PROPN
ajfa-8493	73	272	-	-	SYM
ajfa-8493	73	273	232	232	NUM
ajfa-8493	73	274	1	1	NUM
ajfa-8493	73	275	2012	2012	NUM
ajfa-8493	73	276	-	-	SYM
ajfa-8493	73	277	11	11	NUM
ajfa-8493	73	278	-	-	SYM
ajfa-8493	73	279	20	20	NUM
ajfa-8493	73	280	2018	2018	NUM
ajfa-8493	73	281	-	-	SYM
ajfa-8493	73	282	11	11	NUM
ajfa-8493	73	283	-	-	SYM
ajfa-8493	73	284	20	20	NUM
ajfa-8493	73	285	72	72	NUM
ajfa-8493	73	286	288,700	288,700	NUM
ajfa-8493	73	287	3464400	3464400	NUM
ajfa-8493	73	288	20795892	20795892	NUM
ajfa-8493	73	289	18041551	18041551	NUM
ajfa-8493	73	290	15	15	NUM
ajfa-8493	73	291	a321	a321	PROPN
ajfa-8493	73	292	-	-	SYM
ajfa-8493	73	293	231	231	NUM
ajfa-8493	73	294	1	1	NUM
ajfa-8493	73	295	2008	2008	NUM
ajfa-8493	73	296	-	-	PUNCT
ajfa-8493	73	297	04	04	NUM
ajfa-8493	73	298	-	-	PUNCT
ajfa-8493	73	299	09	09	NUM
ajfa-8493	73	300	2014	2014	NUM
ajfa-8493	73	301	-	-	PUNCT
ajfa-8493	73	302	04	04	NUM
ajfa-8493	73	303	-	-	SYM
ajfa-8493	73	304	09	09	NUM
ajfa-8493	73	305	72	72	NUM
ajfa-8493	73	306	479,781	479,781	NUM
ajfa-8493	73	307	5757372	5757372	NUM
ajfa-8493	73	308	34560006	34560006	NUM
ajfa-8493	73	309	29914729	29914729	NUM
ajfa-8493	73	310	16	16	NUM
ajfa-8493	73	311	a321	a321	PROPN
ajfa-8493	73	312	-	-	PUNCT
ajfa-8493	73	313	231	231	NUM
ajfa-8493	73	314	1	1	NUM
ajfa-8493	73	315	2008	2008	NUM
ajfa-8493	73	316	-	-	SYM
ajfa-8493	73	317	05	05	NUM
ajfa-8493	73	318	-	-	SYM
ajfa-8493	73	319	20	20	NUM
ajfa-8493	73	320	2014	2014	NUM
ajfa-8493	73	321	-	-	SYM
ajfa-8493	73	322	05	05	NUM
ajfa-8493	73	323	-	-	SYM
ajfa-8493	73	324	20	20	NUM
ajfa-8493	73	325	72	72	NUM
ajfa-8493	73	326	482,940	482,940	NUM
ajfa-8493	73	327	5795280	5795280	NUM
ajfa-8493	73	328	34787557	34787557	NUM
ajfa-8493	73	329	30796624	30796624	NUM
ajfa-8493	73	330	17	17	NUM
ajfa-8493	73	331	a321	a321	PROPN
ajfa-8493	73	332	-	-	PUNCT
ajfa-8493	73	333	231	231	NUM
ajfa-8493	73	334	1	1	NUM
ajfa-8493	73	335	2012	2012	NUM
ajfa-8493	73	336	-	-	PUNCT
ajfa-8493	73	337	04	04	NUM
ajfa-8493	73	338	-	-	PUNCT
ajfa-8493	73	339	16	16	NUM
ajfa-8493	73	340	2020	2020	NUM
ajfa-8493	73	341	-	-	SYM
ajfa-8493	73	342	04	04	NUM
ajfa-8493	73	343	-	-	PUNCT
ajfa-8493	73	344	16	16	NUM
ajfa-8493	73	345	96	96	NUM
ajfa-8493	73	346	364850	364850	NUM
ajfa-8493	73	347	4378200	4378200	NUM
ajfa-8493	73	348	35049590	35049590	NUM
ajfa-8493	73	349	30076718	30076718	NUM
ajfa-8493	73	350	18	18	NUM
ajfa-8493	73	351	a321	a321	PROPN
ajfa-8493	73	352	-	-	PUNCT
ajfa-8493	73	353	231	231	NUM
ajfa-8493	73	354	1	1	NUM
ajfa-8493	73	355	2012	2012	NUM
ajfa-8493	73	356	-	-	SYM
ajfa-8493	73	357	06	06	NUM
ajfa-8493	73	358	-	-	SYM
ajfa-8493	73	359	15	15	NUM
ajfa-8493	73	360	2020	2020	NUM
ajfa-8493	73	361	-	-	SYM
ajfa-8493	73	362	06	06	NUM
ajfa-8493	73	363	-	-	SYM
ajfa-8493	73	364	15	15	NUM
ajfa-8493	73	365	96	96	NUM
ajfa-8493	73	366	365690	365690	NUM
ajfa-8493	73	367	4388280	4388280	NUM
ajfa-8493	73	368	35130285	35130285	NUM
ajfa-8493	73	369	29005230	29005230	NUM
ajfa-8493	73	370	19	19	NUM
ajfa-8493	73	371	emj195	emj195	PROPN
ajfa-8493	73	372	1	1	NUM
ajfa-8493	73	373	2006	2006	NUM
ajfa-8493	73	374	-	-	SYM
ajfa-8493	73	375	11	11	NUM
ajfa-8493	73	376	-	-	SYM
ajfa-8493	73	377	30	30	NUM
ajfa-8493	73	378	2014	2014	NUM
ajfa-8493	73	379	-	-	SYM
ajfa-8493	73	380	11	11	NUM
ajfa-8493	73	381	-	-	SYM
ajfa-8493	73	382	30	30	NUM
ajfa-8493	73	383	96	96	NUM
ajfa-8493	73	384	230122	230122	NUM
ajfa-8493	73	385	2761464	2761464	NUM
ajfa-8493	73	386	22106843	22106843	NUM
ajfa-8493	73	387	18387901	18387901	NUM
ajfa-8493	73	388	20	20	NUM
ajfa-8493	73	389	emj195	emj195	PROPN
ajfa-8493	73	390	1	1	NUM
ajfa-8493	73	391	2007	2007	NUM
ajfa-8493	73	392	-	-	PUNCT
ajfa-8493	73	393	02	02	NUM
ajfa-8493	73	394	-	-	PUNCT
ajfa-8493	73	395	03	03	NUM
ajfa-8493	73	396	2015	2015	NUM
ajfa-8493	73	397	-	-	PUNCT
ajfa-8493	73	398	02	02	NUM
ajfa-8493	73	399	-	-	PUNCT
ajfa-8493	73	400	03	03	NUM
ajfa-8493	73	401	96	96	NUM
ajfa-8493	73	402	281409.5	281409.5	NUM
ajfa-8493	73	403	3376914	3376914	NUM
ajfa-8493	73	404	27033816	27033816	NUM
ajfa-8493	73	405	22288196	22288196	NUM
ajfa-8493	73	406	21	21	NUM
ajfa-8493	73	407	emj195	emj195	PROPN
ajfa-8493	73	408	1	1	NUM
ajfa-8493	73	409	2007	2007	NUM
ajfa-8493	73	410	-	-	SYM
ajfa-8493	73	411	07	07	NUM
ajfa-8493	73	412	-	-	PUNCT
ajfa-8493	73	413	01	01	NUM
ajfa-8493	73	414	2015	2015	NUM
ajfa-8493	73	415	-	-	SYM
ajfa-8493	73	416	07	07	NUM
ajfa-8493	73	417	-	-	PUNCT
ajfa-8493	73	418	01	01	NUM
ajfa-8493	73	419	96	96	NUM
ajfa-8493	73	420	240820	240820	NUM
ajfa-8493	73	421	2889840	2889840	NUM
ajfa-8493	73	422	23134555	23134555	NUM
ajfa-8493	73	423	19242725	19242725	NUM
ajfa-8493	73	424	22	22	NUM
ajfa-8493	73	425	emj175	emj175	NOUN
ajfa-8493	73	426	1	1	NUM
ajfa-8493	73	427	2010	2010	NUM
ajfa-8493	73	428	-	-	SYM
ajfa-8493	73	429	11	11	NUM
ajfa-8493	73	430	-	-	SYM
ajfa-8493	73	431	11	11	NUM
ajfa-8493	73	432	2018	2018	NUM
ajfa-8493	73	433	-	-	SYM
ajfa-8493	73	434	11	11	NUM
ajfa-8493	73	435	-	-	SYM
ajfa-8493	73	436	11	11	NUM
ajfa-8493	73	437	96	96	NUM
ajfa-8493	73	438	231700	231700	NUM
ajfa-8493	73	439	2780400	2780400	NUM
ajfa-8493	73	440	22258435	22258435	NUM
ajfa-8493	73	441	18514298	18514298	NUM
ajfa-8493	73	442	23	23	NUM
ajfa-8493	73	443	a330	a330	PROPN
ajfa-8493	73	444	-	-	PUNCT
ajfa-8493	73	445	223	223	NUM
ajfa-8493	73	446	1	1	NUM
ajfa-8493	73	447	2010	2010	NUM
ajfa-8493	73	448	-	-	SYM
ajfa-8493	73	449	05	05	NUM
ajfa-8493	73	450	-	-	SYM
ajfa-8493	73	451	21	21	NUM
ajfa-8493	73	452	2014	2014	NUM
ajfa-8493	73	453	-	-	SYM
ajfa-8493	73	454	12	12	NUM
ajfa-8493	73	455	-	-	SYM
ajfa-8493	73	456	31	31	NUM
ajfa-8493	73	457	55	55	NUM
ajfa-8493	73	458	601466	601466	NUM
ajfa-8493	73	459	7217592	7217592	NUM
ajfa-8493	73	460	33319569	33319569	NUM
ajfa-8493	73	461	29760179	29760179	NUM
ajfa-8493	73	462	24	24	NUM
ajfa-8493	73	463	a330	a330	PROPN
ajfa-8493	73	464	-	-	PUNCT
ajfa-8493	73	465	223	223	NUM
ajfa-8493	73	466	1	1	NUM
ajfa-8493	73	467	2010	2010	NUM
ajfa-8493	73	468	-	-	SYM
ajfa-8493	73	469	05	05	NUM
ajfa-8493	73	470	-	-	SYM
ajfa-8493	73	471	21	21	NUM
ajfa-8493	73	472	2015	2015	NUM
ajfa-8493	73	473	-	-	SYM
ajfa-8493	73	474	01	01	NUM
ajfa-8493	73	475	-	-	SYM
ajfa-8493	73	476	31	31	NUM
ajfa-8493	73	477	56	56	NUM
ajfa-8493	73	478	601570	601570	NUM
ajfa-8493	73	479	7218840	7218840	NUM
ajfa-8493	73	480	33938437	33938437	NUM
ajfa-8493	73	481	30248391	30248391	NUM
ajfa-8493	73	482	25	25	NUM
ajfa-8493	73	483	a330	a330	PROPN
ajfa-8493	73	484	-	-	PUNCT
ajfa-8493	73	485	223	223	NUM
ajfa-8493	73	486	1	1	NUM
ajfa-8493	73	487	2011	2011	NUM
ajfa-8493	73	488	-	-	SYM
ajfa-8493	73	489	08	08	NUM
ajfa-8493	73	490	-	-	PUNCT
ajfa-8493	73	491	01	01	NUM
ajfa-8493	73	492	2017	2017	NUM
ajfa-8493	73	493	-	-	SYM
ajfa-8493	73	494	01	01	NUM
ajfa-8493	73	495	-	-	SYM
ajfa-8493	73	496	31	31	NUM
ajfa-8493	73	497	66	66	NUM
ajfa-8493	73	498	663,072	663,072	NUM
ajfa-8493	73	499	7956858	7956858	NUM
ajfa-8493	73	500	43817218	43817218	NUM
ajfa-8493	73	501	38549055	38549055	NUM
ajfa-8493	73	502	26	26	NUM
ajfa-8493	73	503	b787	b787	NUM
ajfa-8493	73	504	-	-	PUNCT
ajfa-8493	73	505	baa	baa	PROPN
ajfa-8493	73	506	1	1	NUM
ajfa-8493	73	507	2014	2014	NUM
ajfa-8493	73	508	-	-	SYM
ajfa-8493	73	509	08	08	NUM
ajfa-8493	73	510	-	-	SYM
ajfa-8493	73	511	27	27	NUM
ajfa-8493	73	512	2026	2026	NUM
ajfa-8493	73	513	-	-	SYM
ajfa-8493	73	514	08	08	NUM
ajfa-8493	73	515	-	-	SYM
ajfa-8493	73	516	26	26	NUM
ajfa-8493	73	517	144	144	NUM
ajfa-8493	73	518	837,380	837,380	NUM
ajfa-8493	73	519	10048560	10048560	NUM
ajfa-8493	73	520	120637781	120637781	NUM
ajfa-8493	73	521	90913697	90913697	NUM
ajfa-8493	73	522	27	27	NUM
ajfa-8493	73	523	b787	b787	PROPN
ajfa-8493	73	524	-	-	PUNCT
ajfa-8493	73	525	bab	bab	PROPN
ajfa-8493	73	526	1	1	NUM
ajfa-8493	73	527	2014	2014	NUM
ajfa-8493	73	528	-	-	SYM
ajfa-8493	73	529	09	09	NUM
ajfa-8493	73	530	-	-	PUNCT
ajfa-8493	73	531	30	30	NUM
ajfa-8493	73	532	2026	2026	NUM
ajfa-8493	73	533	-	-	SYM
ajfa-8493	73	534	09	09	NUM
ajfa-8493	73	535	-	-	SYM
ajfa-8493	73	536	30	30	NUM
ajfa-8493	73	537	144	144	NUM
ajfa-8493	73	538	954,500	954,500	NUM
ajfa-8493	73	539	11454000	11454000	NUM
ajfa-8493	73	540	137542142	137542142	NUM
ajfa-8493	73	541	103629391	103629391	NUM
ajfa-8493	73	542	28	28	NUM
ajfa-8493	73	543	b787	b787	PROPN
ajfa-8493	73	544	-	-	PUNCT
ajfa-8493	73	545	baf	baf	PROPN
ajfa-8493	73	546	1	1	NUM
ajfa-8493	73	547	2014	2014	NUM
ajfa-8493	73	548	-	-	SYM
ajfa-8493	73	549	10	10	NUM
ajfa-8493	73	550	-	-	NUM
ajfa-8493	73	551	01	01	NUM
ajfa-8493	73	552	2026	2026	NUM
ajfa-8493	73	553	-	-	SYM
ajfa-8493	73	554	10	10	NUM
ajfa-8493	73	555	-	-	SYM
ajfa-8493	73	556	01	01	NUM
ajfa-8493	73	557	144	144	NUM
ajfa-8493	73	558	954,500	954,500	NUM
ajfa-8493	73	559	11454000	11454000	NUM
ajfa-8493	73	560	137542142	137542142	NUM
ajfa-8493	73	561	103629391	103629391	NUM
ajfa-8493	73	562	29	29	NUM
ajfa-8493	73	563	b787	b787	PROPN
ajfa-8493	73	564	-	-	PUNCT
ajfa-8493	73	565	bac	bac	NOUN
ajfa-8493	73	566	1	1	NUM
ajfa-8493	73	567	2014	2014	NUM
ajfa-8493	73	568	-	-	SYM
ajfa-8493	73	569	11	11	NUM
ajfa-8493	73	570	-	-	SYM
ajfa-8493	73	571	19	19	NUM
ajfa-8493	73	572	2026	2026	NUM
ajfa-8493	73	573	-	-	SYM
ajfa-8493	73	574	11	11	NUM
ajfa-8493	73	575	-	-	SYM
ajfa-8493	73	576	19	19	NUM
ajfa-8493	73	577	144	144	NUM
ajfa-8493	73	578	991,368	991,368	NUM
ajfa-8493	73	579	11896410	11896410	NUM
ajfa-8493	73	580	142854699	142854699	NUM
ajfa-8493	73	581	107631779	107631779	NUM
ajfa-8493	73	582	30	30	NUM
ajfa-8493	73	583	b787	b787	NUM
ajfa-8493	73	584	-	-	PUNCT
ajfa-8493	73	585	bae	bae	PROPN
ajfa-8493	73	586	1	1	NUM
ajfa-8493	73	587	2014	2014	NUM
ajfa-8493	73	588	-	-	SYM
ajfa-8493	73	589	11	11	NUM
ajfa-8493	73	590	-	-	SYM
ajfa-8493	73	591	20	20	NUM
ajfa-8493	73	592	2026	2026	NUM
ajfa-8493	73	593	-	-	SYM
ajfa-8493	73	594	11	11	NUM
ajfa-8493	73	595	-	-	SYM
ajfa-8493	73	596	20	20	NUM
ajfa-8493	73	597	144	144	NUM
ajfa-8493	73	598	973,430	973,430	NUM
ajfa-8493	73	599	11681160	11681160	NUM
ajfa-8493	73	600	140269930	140269930	NUM
ajfa-8493	73	601	105684672	105684672	NUM
ajfa-8493	73	602	asian	asian	ADJ
ajfa-8493	73	603	journal	journal	NOUN
ajfa-8493	73	604	of	of	ADP
ajfa-8493	73	605	finance	finance	PROPN
ajfa-8493	73	606	&	&	CCONJ
ajfa-8493	73	607	accounting	accounting	PROPN
ajfa-8493	73	608	issn	issn	PROPN
ajfa-8493	73	609	1946	1946	NUM
ajfa-8493	73	610	-	-	PUNCT
ajfa-8493	73	611	052x	052x	NOUN
ajfa-8493	73	612	2015	2015	NUM
ajfa-8493	73	613	,	,	PUNCT
ajfa-8493	73	614	vol	vol	NOUN
ajfa-8493	73	615	.	.	PROPN
ajfa-8493	73	616	7	7	NUM
ajfa-8493	73	617	,	,	PUNCT
ajfa-8493	73	618	no	no	INTJ
ajfa-8493	73	619	.	.	NOUN
ajfa-8493	73	620	2	2	NUM
ajfa-8493	73	621	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-8493	73	622	8	8	NUM
ajfa-8493	73	623	operation	operation	NOUN
ajfa-8493	73	624	lease	lease	NOUN
ajfa-8493	73	625	(	(	PUNCT
ajfa-8493	73	626	unrecorded	unrecorded	ADJ
ajfa-8493	73	627	liabilities	liability	NOUN
ajfa-8493	73	628	)	)	PUNCT
ajfa-8493	73	629	as	as	SCONJ
ajfa-8493	73	630	follow	follow	VERB
ajfa-8493	73	631	:	:	PUNCT
ajfa-8493	73	632	.	.	PUNCT
ajfa-8493	74	1	wacc	wacc	PROPN
ajfa-8493	74	2	=	=	X
ajfa-8493	75	1	×	×	PROPN
ajfa-8493	75	2	+	+	CCONJ
ajfa-8493	76	1	+	+	CCONJ
ajfa-8493	76	2	+	+	NUM
ajfa-8493	76	3	×	×	NOUN
ajfa-8493	76	4	(	(	PUNCT
ajfa-8493	76	5	1	1	NUM
ajfa-8493	76	6	−	−	NOUN
ajfa-8493	76	7	)	)	PUNCT
ajfa-8493	76	8	×	×	NOUN
ajfa-8493	77	1	+	+	CCONJ
ajfa-8493	78	1	+	+	CCONJ
ajfa-8493	78	2	+	+	NUM
ajfa-8493	78	3	×	×	NOUN
ajfa-8493	78	4	(	(	PUNCT
ajfa-8493	78	5	1	1	NUM
ajfa-8493	78	6	−	−	NOUN
ajfa-8493	78	7	)	)	PUNCT
ajfa-8493	78	8	×	×	NOUN
ajfa-8493	79	1	+	+	CCONJ
ajfa-8493	79	2	+	+	CCONJ
ajfa-8493	79	3	(	(	PUNCT
ajfa-8493	79	4	2	2	NUM
ajfa-8493	79	5	)	)	PUNCT
ajfa-8493	79	6	where	where	SCONJ
ajfa-8493	79	7	:	:	PUNCT
ajfa-8493	79	8	is	be	AUX
ajfa-8493	79	9	the	the	DET
ajfa-8493	79	10	lessee	lessee	NOUN
ajfa-8493	79	11	’s	’s	PART
ajfa-8493	79	12	incremental	incremental	ADJ
ajfa-8493	79	13	borrowing	borrowing	NOUN
ajfa-8493	79	14	rate	rate	NOUN
ajfa-8493	79	15	,	,	PUNCT
ajfa-8493	79	16	it	it	PRON
ajfa-8493	79	17	differs	differ	VERB
ajfa-8493	79	18	overs	over	NOUN
ajfa-8493	79	19	the	the	DET
ajfa-8493	79	20	past	past	ADJ
ajfa-8493	79	21	13	13	NUM
ajfa-8493	79	22	years	year	NOUN
ajfa-8493	79	23	it	it	PRON
ajfa-8493	79	24	,	,	PUNCT
ajfa-8493	79	25	range	range	VERB
ajfa-8493	79	26	between	between	ADP
ajfa-8493	79	27	(	(	PUNCT
ajfa-8493	79	28	4%5	4%5	NUM
ajfa-8493	79	29	%	%	NOUN
ajfa-8493	79	30	)	)	PUNCT
ajfa-8493	79	31	.	.	PUNCT
ajfa-8493	80	1	in	in	ADP
ajfa-8493	80	2	our	our	PRON
ajfa-8493	80	3	computations	computation	NOUN
ajfa-8493	80	4	we	we	PRON
ajfa-8493	80	5	select	select	VERB
ajfa-8493	80	6	a	a	DET
ajfa-8493	80	7	more	more	ADV
ajfa-8493	80	8	conservative	conservative	ADJ
ajfa-8493	80	9	approach	approach	NOUN
ajfa-8493	80	10	,	,	PUNCT
ajfa-8493	80	11	thus	thus	ADV
ajfa-8493	80	12	,	,	PUNCT
ajfa-8493	80	13	we	we	PRON
ajfa-8493	80	14	use	use	VERB
ajfa-8493	80	15	the	the	DET
ajfa-8493	80	16	highest	high	ADJ
ajfa-8493	80	17	rate	rate	NOUN
ajfa-8493	80	18	(	(	PUNCT
ajfa-8493	80	19	5	5	NUM
ajfa-8493	80	20	%	%	NOUN
ajfa-8493	80	21	)	)	PUNCT
ajfa-8493	80	22	.	.	PUNCT
ajfa-8493	81	1	for	for	ADP
ajfa-8493	81	2	the	the	DET
ajfa-8493	81	3	purpose	purpose	NOUN
ajfa-8493	81	4	of	of	ADP
ajfa-8493	81	5	equity	equity	NOUN
ajfa-8493	81	6	rate	rate	NOUN
ajfa-8493	81	7	of	of	ADP
ajfa-8493	81	8	return	return	NOUN
ajfa-8493	81	9	(	(	PUNCT
ajfa-8493	81	10	re	re	NOUN
ajfa-8493	81	11	)	)	PUNCT
ajfa-8493	81	12	computation	computation	NOUN
ajfa-8493	81	13	we	we	PRON
ajfa-8493	81	14	use	use	VERB
ajfa-8493	81	15	the	the	DET
ajfa-8493	81	16	capital	capital	NOUN
ajfa-8493	81	17	asset	asset	NOUN
ajfa-8493	81	18	pricing	pricing	NOUN
ajfa-8493	81	19	model	model	NOUN
ajfa-8493	81	20	(	(	PUNCT
ajfa-8493	81	21	capm	capm	PROPN
ajfa-8493	81	22	)	)	PUNCT
ajfa-8493	81	23	.	.	PUNCT
ajfa-8493	82	1	cost	cost	NOUN
ajfa-8493	82	2	of	of	ADP
ajfa-8493	82	3	equity	equity	NOUN
ajfa-8493	82	4	=	=	SYM
ajfa-8493	82	5	risk	risk	NOUN
ajfa-8493	82	6	free	free	ADJ
ajfa-8493	82	7	rate	rate	NOUN
ajfa-8493	82	8	+	+	CCONJ
ajfa-8493	82	9	(	(	PUNCT
ajfa-8493	82	10	company	company	NOUN
ajfa-8493	82	11	beta	beta	ADJ
ajfa-8493	82	12	×	×	NOUN
ajfa-8493	82	13	market	market	NOUN
ajfa-8493	82	14	risk	risk	NOUN
ajfa-8493	82	15	premium	premium	NOUN
ajfa-8493	82	16	)	)	PUNCT
ajfa-8493	82	17	.	.	PUNCT
ajfa-8493	83	1	we	we	PRON
ajfa-8493	83	2	compute	compute	VERB
ajfa-8493	83	3	the	the	DET
ajfa-8493	83	4	average	average	ADJ
ajfa-8493	83	5	interest	interest	NOUN
ajfa-8493	83	6	rate	rate	NOUN
ajfa-8493	83	7	on	on	ADP
ajfa-8493	83	8	jordan	jordan	PROPN
ajfa-8493	83	9	government	government	PROPN
ajfa-8493	83	10	treasury	treasury	PROPN
ajfa-8493	83	11	bonds	bond	NOUN
ajfa-8493	83	12	over	over	ADP
ajfa-8493	83	13	the	the	DET
ajfa-8493	83	14	period	period	NOUN
ajfa-8493	83	15	(	(	PUNCT
ajfa-8493	83	16	2010	2010	NUM
ajfa-8493	83	17	-	-	SYM
ajfa-8493	83	18	2015	2015	NUM
ajfa-8493	83	19	)	)	PUNCT
ajfa-8493	83	20	,	,	PUNCT
ajfa-8493	83	21	bonds	bond	NOUN
ajfa-8493	83	22	information	information	NOUN
ajfa-8493	83	23	retrieved	retrieve	VERB
ajfa-8493	83	24	from	from	ADP
ajfa-8493	83	25	amman	amman	PROPN
ajfa-8493	83	26	stock	stock	PROPN
ajfa-8493	83	27	exchange	exchange	PROPN
ajfa-8493	83	28	web	web	NOUN
ajfa-8493	83	29	site	site	NOUN
ajfa-8493	83	30	(	(	PUNCT
ajfa-8493	83	31	www.ase.com.jo/bonds_table/all	www.ase.com.jo/bonds_table/all	NOUN
ajfa-8493	83	32	)	)	PUNCT
ajfa-8493	83	33	.	.	PUNCT
ajfa-8493	84	1	risk	risk	NOUN
ajfa-8493	84	2	free	free	ADJ
ajfa-8493	84	3	rate	rate	NOUN
ajfa-8493	84	4	average	average	ADJ
ajfa-8493	84	5	5.5	5.5	NUM
ajfa-8493	84	6	%	%	NOUN
ajfa-8493	84	7	.	.	PUNCT
ajfa-8493	85	1	we	we	PRON
ajfa-8493	85	2	either	either	CCONJ
ajfa-8493	85	3	use	use	VERB
ajfa-8493	85	4	the	the	DET
ajfa-8493	85	5	international	international	ADJ
ajfa-8493	85	6	airfreight	airfreight	NOUN
ajfa-8493	85	7	sector	sector	NOUN
ajfa-8493	85	8	mean	mean	VERB
ajfa-8493	85	9	beta	beta	NOUN
ajfa-8493	85	10	as	as	ADP
ajfa-8493	85	11	a	a	DET
ajfa-8493	85	12	company	company	NOUN
ajfa-8493	85	13	beta	beta	NOUN
ajfa-8493	85	14	,	,	PUNCT
ajfa-8493	85	15	lee	lee	PROPN
ajfa-8493	85	16	and	and	CCONJ
ajfa-8493	85	17	hooy	hooy	ADJ
ajfa-8493	85	18	(	(	PUNCT
ajfa-8493	85	19	2012	2012	NUM
ajfa-8493	85	20	)	)	PUNCT
ajfa-8493	85	21	investigated	investigate	VERB
ajfa-8493	85	22	a	a	DET
ajfa-8493	85	23	sample	sample	NOUN
ajfa-8493	85	24	of	of	ADP
ajfa-8493	85	25	462	462	NUM
ajfa-8493	85	26	companies	company	NOUN
ajfa-8493	85	27	of	of	ADP
ajfa-8493	85	28	the	the	DET
ajfa-8493	85	29	airlines	airline	NOUN
ajfa-8493	85	30	sector	sector	NOUN
ajfa-8493	85	31	in	in	ADP
ajfa-8493	85	32	north	north	PROPN
ajfa-8493	85	33	america	america	PROPN
ajfa-8493	85	34	,	,	PUNCT
ajfa-8493	85	35	europe	europe	PROPN
ajfa-8493	85	36	and	and	CCONJ
ajfa-8493	85	37	asia	asia	PROPN
ajfa-8493	85	38	,	,	PUNCT
ajfa-8493	85	39	their	their	PRON
ajfa-8493	85	40	study	study	NOUN
ajfa-8493	85	41	results	result	VERB
ajfa-8493	85	42	an	an	DET
ajfa-8493	85	43	airfreight	airfreight	NOUN
ajfa-8493	85	44	sector	sector	NOUN
ajfa-8493	85	45	beta	beta	NOUN
ajfa-8493	85	46	mean	mean	NOUN
ajfa-8493	85	47	of	of	ADP
ajfa-8493	85	48	(	(	PUNCT
ajfa-8493	85	49	0.77	0.77	NUM
ajfa-8493	85	50	)	)	PUNCT
ajfa-8493	85	51	.	.	PUNCT
ajfa-8493	86	1	also	also	ADV
ajfa-8493	86	2	we	we	PRON
ajfa-8493	86	3	compensate	compensate	VERB
ajfa-8493	86	4	moodys	moodys	PROPN
ajfa-8493	86	5	'	'	PUNCT
ajfa-8493	86	6	computed	compute	VERB
ajfa-8493	86	7	total	total	ADJ
ajfa-8493	86	8	equity	equity	NOUN
ajfa-8493	86	9	premium	premium	NOUN
ajfa-8493	86	10	for	for	ADP
ajfa-8493	86	11	the	the	DET
ajfa-8493	86	12	market	market	NOUN
ajfa-8493	86	13	risk	risk	NOUN
ajfa-8493	86	14	premium	premium	NOUN
ajfa-8493	86	15	.	.	PUNCT
ajfa-8493	87	1	moodys	moodys	PROPN
ajfa-8493	87	2	'	'	PART
ajfa-8493	87	3	ratings	rating	NOUN
ajfa-8493	87	4	is	be	AUX
ajfa-8493	87	5	a	a	DET
ajfa-8493	87	6	trusted	trust	VERB
ajfa-8493	87	7	international	international	ADJ
ajfa-8493	87	8	financial	financial	ADJ
ajfa-8493	87	9	and	and	CCONJ
ajfa-8493	87	10	economical	economical	ADJ
ajfa-8493	87	11	rating	rating	NOUN
ajfa-8493	87	12	agency	agency	NOUN
ajfa-8493	87	13	.	.	PUNCT
ajfa-8493	88	1	(	(	PUNCT
ajfa-8493	88	2	)	)	PUNCT
ajfa-8493	88	3	=	=	PUNCT
ajfa-8493	88	4	5.5	5.5	NUM
ajfa-8493	88	5	%	%	NOUN
ajfa-8493	88	6	+	+	CCONJ
ajfa-8493	88	7	(	(	PUNCT
ajfa-8493	88	8	0.77	0.77	NUM
ajfa-8493	88	9	∗(12.5	∗(12.5	NOUN
ajfa-8493	88	10	%	%	NOUN
ajfa-8493	88	11	−	−	PROPN
ajfa-8493	88	12	5.5	5.5	NUM
ajfa-8493	88	13	%	%	NOUN
ajfa-8493	88	14	)	)	PUNCT
ajfa-8493	88	15	)	)	PUNCT
ajfa-8493	89	1	=	=	PRON
ajfa-8493	89	2	10.89%.for	10.89%.for	ADP
ajfa-8493	89	3	the	the	DET
ajfa-8493	89	4	purpose	purpose	NOUN
ajfa-8493	89	5	of	of	ADP
ajfa-8493	89	6	owners	owner	NOUN
ajfa-8493	89	7	'	'	PART
ajfa-8493	89	8	equity	equity	NOUN
ajfa-8493	89	9	(	(	PUNCT
ajfa-8493	89	10	e	e	NOUN
ajfa-8493	89	11	)	)	PUNCT
ajfa-8493	89	12	computation	computation	NOUN
ajfa-8493	89	13	we	we	PRON
ajfa-8493	89	14	use	use	VERB
ajfa-8493	89	15	the	the	DET
ajfa-8493	89	16	average	average	ADJ
ajfa-8493	89	17	yearly	yearly	ADJ
ajfa-8493	89	18	market	market	NOUN
ajfa-8493	89	19	price	price	NOUN
ajfa-8493	89	20	multiplied	multiply	VERB
ajfa-8493	89	21	by	by	ADP
ajfa-8493	89	22	the	the	DET
ajfa-8493	89	23	average	average	ADJ
ajfa-8493	89	24	shares	share	NOUN
ajfa-8493	89	25	issued	issue	VERB
ajfa-8493	89	26	as	as	ADP
ajfa-8493	89	27	follow	follow	NOUN
ajfa-8493	89	28	:	:	PUNCT
ajfa-8493	89	29	e	e	X
ajfa-8493	89	30	=	=	NOUN
ajfa-8493	89	31	shares	share	VERB
ajfa-8493	89	32	market	market	NOUN
ajfa-8493	89	33	price	price	NOUN
ajfa-8493	89	34	*	*	PUNCT
ajfa-8493	89	35	shares	share	NOUN
ajfa-8493	89	36	issued	issue	VERB
ajfa-8493	89	37	.	.	PUNCT
ajfa-8493	90	1	(	(	PUNCT
ajfa-8493	90	2	after	after	ADP
ajfa-8493	90	3	tax	tax	NOUN
ajfa-8493	90	4	return	return	NOUN
ajfa-8493	90	5	)	)	PUNCT
ajfa-8493	90	6	on	on	ADP
ajfa-8493	90	7	debit	debit	NOUN
ajfa-8493	90	8	computed	compute	VERB
ajfa-8493	90	9	as	as	ADP
ajfa-8493	90	10	follow	follow	NOUN
ajfa-8493	90	11	:	:	PUNCT
ajfa-8493	90	12	=	=	SYM
ajfa-8493	90	13	(	(	PUNCT
ajfa-8493	90	14	1	1	NUM
ajfa-8493	90	15	−	−	NOUN
ajfa-8493	90	16	)	)	PUNCT
ajfa-8493	90	17	∗	∗	NOUN
ajfa-8493	90	18	…	…	PUNCT
ajfa-8493	90	19	.(3	.(3	NUM
ajfa-8493	90	20	)	)	PUNCT
ajfa-8493	90	21	.	.	PUNCT
ajfa-8493	91	1	we	we	PRON
ajfa-8493	91	2	select	select	VERB
ajfa-8493	91	3	interest	interest	NOUN
ajfa-8493	91	4	rate	rate	NOUN
ajfa-8493	91	5	in	in	ADP
ajfa-8493	91	6	a	a	DET
ajfa-8493	91	7	conservative	conservative	ADJ
ajfa-8493	91	8	approach	approach	NOUN
ajfa-8493	91	9	;	;	PUNCT
ajfa-8493	91	10	(	(	PUNCT
ajfa-8493	91	11	0.022	0.022	NUM
ajfa-8493	91	12	%	%	NOUN
ajfa-8493	91	13	)	)	PUNCT
ajfa-8493	91	14	is	be	AUX
ajfa-8493	91	15	the	the	DET
ajfa-8493	91	16	least	least	ADJ
ajfa-8493	91	17	annual	annual	ADJ
ajfa-8493	91	18	interest	interest	NOUN
ajfa-8493	91	19	,	,	PUNCT
ajfa-8493	91	20	local	local	ADJ
ajfa-8493	91	21	lenders	lender	NOUN
ajfa-8493	91	22	charge	charge	VERB
ajfa-8493	91	23	the	the	DET
ajfa-8493	91	24	royal	royal	ADJ
ajfa-8493	91	25	jordanian	jordanian	ADJ
ajfa-8493	91	26	airlines	airline	NOUN
ajfa-8493	91	27	in	in	ADP
ajfa-8493	91	28	2013	2013	NUM
ajfa-8493	91	29	.	.	PUNCT
ajfa-8493	92	1	=	=	PUNCT
ajfa-8493	92	2	(	(	PUNCT
ajfa-8493	92	3	1	1	NUM
ajfa-8493	92	4	−	−	NUM
ajfa-8493	92	5	0.20	0.20	NUM
ajfa-8493	92	6	)	)	PUNCT
ajfa-8493	92	7	∗	∗	NOUN
ajfa-8493	92	8	0.022	0.022	NUM
ajfa-8493	92	9	=	=	SYM
ajfa-8493	92	10	0.018	0.018	NUM
ajfa-8493	92	11	.	.	PUNCT
ajfa-8493	93	1	table	table	NOUN
ajfa-8493	93	2	2	2	NUM
ajfa-8493	93	3	reports	report	VERB
ajfa-8493	93	4	a	a	DET
ajfa-8493	93	5	comparison	comparison	NOUN
ajfa-8493	93	6	between	between	ADP
ajfa-8493	93	7	wacc	wacc	PROPN
ajfa-8493	93	8	and	and	CCONJ
ajfa-8493	93	9	the	the	DET
ajfa-8493	93	10	after	after	ADP
ajfa-8493	93	11	capitalization	capitalization	NOUN
ajfa-8493	93	12	adjusted	adjust	VERB
ajfa-8493	93	13	wacc	wacc	PROPN
ajfa-8493	93	14	.	.	PUNCT
ajfa-8493	94	1	asian	asian	PROPN
ajfa-8493	94	2	journal	journal	PROPN
ajfa-8493	94	3	of	of	ADP
ajfa-8493	94	4	finance	finance	PROPN
ajfa-8493	94	5	&	&	CCONJ
ajfa-8493	94	6	accounting	accounting	PROPN
ajfa-8493	94	7	issn	issn	PROPN
ajfa-8493	94	8	1946	1946	NUM
ajfa-8493	94	9	-	-	PUNCT
ajfa-8493	94	10	052x	052x	NOUN
ajfa-8493	94	11	2015	2015	NUM
ajfa-8493	94	12	,	,	PUNCT
ajfa-8493	94	13	vol	vol	NOUN
ajfa-8493	94	14	.	.	PROPN
ajfa-8493	94	15	7	7	NUM
ajfa-8493	94	16	,	,	PUNCT
ajfa-8493	94	17	no	no	INTJ
ajfa-8493	94	18	.	.	NOUN
ajfa-8493	94	19	2	2	NUM
ajfa-8493	94	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-8493	94	21	9	9	NUM
ajfa-8493	94	22	table	table	NOUN
ajfa-8493	94	23	2	2	NUM
ajfa-8493	94	24	.	.	PUNCT
ajfa-8493	94	25	comparison	comparison	NOUN
ajfa-8493	94	26	of	of	ADP
ajfa-8493	94	27	wacc	wacc	PROPN
ajfa-8493	94	28	before	before	ADP
ajfa-8493	94	29	and	and	CCONJ
ajfa-8493	94	30	after	after	ADP
ajfa-8493	94	31	operation	operation	NOUN
ajfa-8493	94	32	lease	lease	NOUN
ajfa-8493	94	33	capitalization	capitalization	NOUN
ajfa-8493	94	34	over	over	ADP
ajfa-8493	94	35	13	13	NUM
ajfa-8493	94	36	years	year	NOUN
ajfa-8493	94	37	tax	tax	NOUN
ajfa-8493	94	38	:	:	PUNCT
ajfa-8493	94	39	t	t	PROPN
ajfa-8493	94	40	beta	beta	PROPN
ajfa-8493	94	41	total	total	ADJ
ajfa-8493	94	42	equity	equity	NOUN
ajfa-8493	94	43	risk	risk	NOUN
ajfa-8493	94	44	risk	risk	NOUN
ajfa-8493	94	45	free	free	ADJ
ajfa-8493	94	46	return	return	NOUN
ajfa-8493	94	47	on	on	ADP
ajfa-8493	94	48	equity	equity	NOUN
ajfa-8493	94	49	(	(	PUNCT
ajfa-8493	94	50	1	1	NUM
ajfa-8493	94	51	-	-	PUNCT
ajfa-8493	94	52	t	t	NOUN
ajfa-8493	94	53	)	)	PUNCT
ajfa-8493	94	54	return	return	NOUN
ajfa-8493	94	55	on	on	ADP
ajfa-8493	94	56	debt	debt	NOUN
ajfa-8493	94	57	return	return	NOUN
ajfa-8493	94	58	on	on	ADP
ajfa-8493	94	59	lease	lease	NOUN
ajfa-8493	94	60	rd	rd	PROPN
ajfa-8493	94	61	0.200	0.200	NUM
ajfa-8493	94	62	0.770	0.770	NUM
ajfa-8493	94	63	12.5	12.5	NUM
ajfa-8493	94	64	5.5	5.5	NUM
ajfa-8493	94	65	10.89	10.89	NUM
ajfa-8493	94	66	0.8	0.8	NUM
ajfa-8493	94	67	0.022	0.022	NUM
ajfa-8493	94	68	0.050	0.050	NUM
ajfa-8493	94	69	0.0176	0.0176	NUM
ajfa-8493	94	70	recorded	record	VERB
ajfa-8493	94	71	owners	owner	NOUN
ajfa-8493	94	72	'	'	PART
ajfa-8493	94	73	equity	equity	NOUN
ajfa-8493	94	74	roe	roe	PROPN
ajfa-8493	94	75	2002	2002	NUM
ajfa-8493	94	76	2003	2003	NUM
ajfa-8493	94	77	2004	2004	NUM
ajfa-8493	94	78	2005	2005	NUM
ajfa-8493	94	79	2006	2006	NUM
ajfa-8493	94	80	2007	2007	NUM
ajfa-8493	94	81	2008	2008	NUM
ajfa-8493	94	82	2009	2009	NUM
ajfa-8493	94	83	2010	2010	NUM
ajfa-8493	94	84	2011	2011	NUM
ajfa-8493	94	85	2012	2012	NUM
ajfa-8493	94	86	2013	2013	NUM
ajfa-8493	94	87	2014	2014	NUM
ajfa-8493	94	88	35432000	35432000	NUM
ajfa-8493	94	89	29622000	29622000	NUM
ajfa-8493	94	90	58892000	58892000	NUM
ajfa-8493	94	91	82600000	82600000	NUM
ajfa-8493	94	92	88735000	88735000	NUM
ajfa-8493	94	93	109098000	109098000	NUM
ajfa-8493	94	94	85736000	85736000	NUM
ajfa-8493	94	95	106591000	106591000	NUM
ajfa-8493	94	96	116246000	116246000	NUM
ajfa-8493	94	97	58124000	58124000	NUM
ajfa-8493	94	98	59424000	59424000	NUM
ajfa-8493	94	99	19566000	19566000	NUM
ajfa-8493	94	100	-15855000	-15855000	INTJ
ajfa-8493	95	1	td	td	NOUN
ajfa-8493	95	2	(	(	PUNCT
ajfa-8493	95	3	total	total	ADJ
ajfa-8493	95	4	debt	debt	NOUN
ajfa-8493	95	5	)	)	PUNCT
ajfa-8493	95	6	91176000	91176000	NUM
ajfa-8493	95	7	70011000	70011000	NUM
ajfa-8493	95	8	69724000	69724000	NUM
ajfa-8493	95	9	58560000	58560000	NUM
ajfa-8493	95	10	48773000	48773000	NUM
ajfa-8493	95	11	55680000	55680000	NUM
ajfa-8493	95	12	75435000	75435000	NUM
ajfa-8493	95	13	79552000	79552000	NUM
ajfa-8493	95	14	72861000	72861000	NUM
ajfa-8493	95	15	97362000	97362000	NUM
ajfa-8493	95	16	142556000	142556000	NUM
ajfa-8493	95	17	198195000	198195000	NUM
ajfa-8493	95	18	148120000	148120000	NUM
ajfa-8493	95	19	total	total	NOUN
ajfa-8493	95	20	126608000	126608000	NUM
ajfa-8493	95	21	99633000	99633000	NUM
ajfa-8493	95	22	128616000	128616000	NUM
ajfa-8493	95	23	141160000	141160000	NUM
ajfa-8493	95	24	137508000	137508000	NUM
ajfa-8493	95	25	164778000	164778000	NUM
ajfa-8493	95	26	161171000	161171000	NUM
ajfa-8493	95	27	186143000	186143000	NUM
ajfa-8493	95	28	189107000	189107000	NUM
ajfa-8493	95	29	155486000	155486000	NUM
ajfa-8493	95	30	201980000	201980000	NUM
ajfa-8493	95	31	217761000	217761000	NUM
ajfa-8493	95	32	132265000	132265000	NUM
ajfa-8493	95	33	d/(d+e	d/(d+e	NUM
ajfa-8493	95	34	)	)	PUNCT
ajfa-8493	95	35	72.01	72.01	NUM
ajfa-8493	95	36	%	%	NOUN
ajfa-8493	95	37	70.27	70.27	NUM
ajfa-8493	95	38	%	%	NOUN
ajfa-8493	95	39	54.21	54.21	NUM
ajfa-8493	95	40	%	%	NOUN
ajfa-8493	95	41	41.48	41.48	NUM
ajfa-8493	95	42	%	%	NOUN
ajfa-8493	95	43	35.47	35.47	NUM
ajfa-8493	95	44	%	%	NOUN
ajfa-8493	95	45	33.79	33.79	NUM
ajfa-8493	95	46	%	%	NOUN
ajfa-8493	95	47	46.80	46.80	NUM
ajfa-8493	95	48	%	%	NOUN
ajfa-8493	95	49	42.74	42.74	NUM
ajfa-8493	95	50	%	%	NOUN
ajfa-8493	95	51	38.53	38.53	NUM
ajfa-8493	95	52	%	%	NOUN
ajfa-8493	95	53	62.62	62.62	NUM
ajfa-8493	95	54	%	%	NOUN
ajfa-8493	95	55	70.58	70.58	NUM
ajfa-8493	95	56	%	%	NOUN
ajfa-8493	95	57	91.01	91.01	NUM
ajfa-8493	95	58	%	%	NOUN
ajfa-8493	95	59	111.99	111.99	NUM
ajfa-8493	95	60	%	%	NOUN
ajfa-8493	95	61	e/(d+e	e/(d+e	NOUN
ajfa-8493	95	62	)	)	PUNCT
ajfa-8493	95	63	27.99	27.99	NUM
ajfa-8493	95	64	%	%	NOUN
ajfa-8493	95	65	29.73	29.73	NUM
ajfa-8493	95	66	%	%	NOUN
ajfa-8493	95	67	45.79	45.79	NUM
ajfa-8493	95	68	%	%	NOUN
ajfa-8493	95	69	58.52	58.52	NUM
ajfa-8493	95	70	%	%	NOUN
ajfa-8493	95	71	64.53	64.53	NUM
ajfa-8493	95	72	%	%	NOUN
ajfa-8493	95	73	66.21	66.21	NUM
ajfa-8493	95	74	%	%	NOUN
ajfa-8493	95	75	53.20	53.20	NUM
ajfa-8493	95	76	%	%	NOUN
ajfa-8493	95	77	57.26	57.26	NUM
ajfa-8493	95	78	%	%	NOUN
ajfa-8493	95	79	61.47	61.47	NUM
ajfa-8493	95	80	%	%	NOUN
ajfa-8493	95	81	37.38	37.38	NUM
ajfa-8493	95	82	%	%	NOUN
ajfa-8493	95	83	29.42	29.42	NUM
ajfa-8493	95	84	%	%	NOUN
ajfa-8493	95	85	8.99	8.99	NUM
ajfa-8493	95	86	%	%	NOUN
ajfa-8493	95	87	-11.99	-11.99	SYM
ajfa-8493	95	88	%	%	NOUN
ajfa-8493	95	89	2002	2002	NUM
ajfa-8493	95	90	2003	2003	NUM
ajfa-8493	95	91	2004	2004	NUM
ajfa-8493	95	92	2005	2005	NUM
ajfa-8493	95	93	2006	2006	NUM
ajfa-8493	95	94	2007	2007	NUM
ajfa-8493	95	95	2008	2008	NUM
ajfa-8493	95	96	2009	2009	NUM
ajfa-8493	95	97	2010	2010	NUM
ajfa-8493	95	98	2011	2011	NUM
ajfa-8493	95	99	2012	2012	NUM
ajfa-8493	95	100	2013	2013	NUM
ajfa-8493	95	101	2014	2014	NUM
ajfa-8493	95	102	adj.td	adj.td	NOUN
ajfa-8493	95	103	(	(	PUNCT
ajfa-8493	95	104	total	total	ADJ
ajfa-8493	95	105	debt	debt	NOUN
ajfa-8493	95	106	)	)	PUNCT
ajfa-8493	95	107	72495000	72495000	NUM
ajfa-8493	95	108	29273000	29273000	NUM
ajfa-8493	95	109	61556000	61556000	NUM
ajfa-8493	95	110	50103000	50103000	NUM
ajfa-8493	95	111	40631000	40631000	NUM
ajfa-8493	95	112	53295000	53295000	NUM
ajfa-8493	95	113	70617000	70617000	NUM
ajfa-8493	95	114	74421000	74421000	NUM
ajfa-8493	95	115	67397000	67397000	NUM
ajfa-8493	95	116	91543000	91543000	NUM
ajfa-8493	95	117	136366000	136366000	NUM
ajfa-8493	95	118	191650000	191650000	NUM
ajfa-8493	95	119	141092000	141092000	NUM
ajfa-8493	95	120	aoeb	aoeb	NOUN
ajfa-8493	95	121	53692000	53692000	NUM
ajfa-8493	95	122	68122370	68122370	NUM
ajfa-8493	95	123	62752643	62752643	NUM
ajfa-8493	95	124	85175819	85175819	NUM
ajfa-8493	95	125	89882245	89882245	NUM
ajfa-8493	95	126	102196045	102196045	NUM
ajfa-8493	95	127	79025919	79025919	NUM
ajfa-8493	95	128	96036980	96036980	NUM
ajfa-8493	95	129	103120422	103120422	NUM
ajfa-8493	95	130	43203399	43203399	NUM
ajfa-8493	95	131	43866124	43866124	NUM
ajfa-8493	95	132	5898008	5898008	NUM
ajfa-8493	95	133	-24962643	-24962643	PROPN
ajfa-8493	95	134	net	net	ADJ
ajfa-8493	95	135	url	url	X
ajfa-8493	95	136	(	(	PUNCT
ajfa-8493	95	137	col	col	NOUN
ajfa-8493	95	138	)	)	PUNCT
ajfa-8493	95	139	58621992	58621992	NUM
ajfa-8493	95	140	104550269	104550269	NUM
ajfa-8493	95	141	97283347	97283347	NUM
ajfa-8493	95	142	89316606	89316606	NUM
ajfa-8493	95	143	121499086	121499086	NUM
ajfa-8493	95	144	148037524	148037524	NUM
ajfa-8493	95	145	234643813	234643813	NUM
ajfa-8493	95	146	267065022	267065022	NUM
ajfa-8493	95	147	299582100	299582100	NUM
ajfa-8493	95	148	332665231	332665231	NUM
ajfa-8493	95	149	352774154	352774154	NUM
ajfa-8493	95	150	267659065	267659065	NUM
ajfa-8493	95	151	685448704	685448704	NUM
ajfa-8493	95	152	total	total	ADJ
ajfa-8493	95	153	184808992	184808992	NUM
ajfa-8493	95	154	201945639	201945639	NUM
ajfa-8493	95	155	221591990	221591990	NUM
ajfa-8493	95	156	224595425	224595425	NUM
ajfa-8493	95	157	252012331	252012331	NUM
ajfa-8493	95	158	303528569	303528569	NUM
ajfa-8493	95	159	384286731	384286731	NUM
ajfa-8493	95	160	437523002	437523002	NUM
ajfa-8493	95	161	470099522	470099522	NUM
ajfa-8493	95	162	467411629	467411629	NUM
ajfa-8493	95	163	533006278	533006278	NUM
ajfa-8493	95	164	465207073	465207073	NUM
ajfa-8493	95	165	801578061	801578061	NUM
ajfa-8493	95	166	ad.d/(d+e+col	ad.d/(d+e+col	NOUN
ajfa-8493	95	167	)	)	PUNCT
ajfa-8493	95	168	0.392	0.392	NUM
ajfa-8493	95	169	0.145	0.145	NUM
ajfa-8493	95	170	0.278	0.278	NUM
ajfa-8493	95	171	0.223	0.223	NUM
ajfa-8493	95	172	0.161	0.161	NUM
ajfa-8493	95	173	0.176	0.176	NUM
ajfa-8493	95	174	0.184	0.184	NUM
ajfa-8493	95	175	0.170	0.170	NUM
ajfa-8493	95	176	0.143	0.143	NUM
ajfa-8493	95	177	0.196	0.196	NUM
ajfa-8493	95	178	0.256	0.256	NUM
ajfa-8493	95	179	0.412	0.412	NUM
ajfa-8493	95	180	0.176	0.176	NUM
ajfa-8493	95	181	ad.e/(d+e+col	ad.e/(d+e+col	NOUN
ajfa-8493	95	182	)	)	PUNCT
ajfa-8493	95	183	0.291	0.291	NUM
ajfa-8493	95	184	0.337	0.337	NUM
ajfa-8493	95	185	0.283	0.283	NUM
ajfa-8493	95	186	0.379	0.379	NUM
ajfa-8493	95	187	0.357	0.357	NUM
ajfa-8493	95	188	0.337	0.337	NUM
ajfa-8493	95	189	0.206	0.206	NUM
ajfa-8493	95	190	0.220	0.220	NUM
ajfa-8493	95	191	0.219	0.219	NUM
ajfa-8493	95	192	0.092	0.092	NUM
ajfa-8493	95	193	0.082	0.082	NUM
ajfa-8493	95	194	0.013	0.013	NUM
ajfa-8493	95	195	-0.031	-0.031	NOUN
ajfa-8493	95	196	url(col)/e+d+col	url(col)/e+d+col	NOUN
ajfa-8493	95	197	)	)	PUNCT
ajfa-8493	95	198	0.317	0.317	NUM
ajfa-8493	95	199	0.518	0.518	NUM
ajfa-8493	95	200	0.439	0.439	NUM
ajfa-8493	95	201	0.398	0.398	NUM
ajfa-8493	95	202	0.482	0.482	NUM
ajfa-8493	95	203	0.488	0.488	NUM
ajfa-8493	95	204	0.611	0.611	NUM
ajfa-8493	95	205	0.610	0.610	NUM
ajfa-8493	95	206	0.637	0.637	NUM
ajfa-8493	95	207	0.712	0.712	NUM
ajfa-8493	95	208	0.662	0.662	NUM
ajfa-8493	95	209	0.575	0.575	NUM
ajfa-8493	95	210	0.855	0.855	NUM
ajfa-8493	95	211	change	change	NOUN
ajfa-8493	95	212	in	in	ADP
ajfa-8493	95	213	total	total	ADJ
ajfa-8493	95	214	debt	debt	NOUN
ajfa-8493	95	215	31	31	NUM
ajfa-8493	95	216	%	%	NOUN
ajfa-8493	95	217	51	51	NUM
ajfa-8493	95	218	%	%	NOUN
ajfa-8493	95	219	42	42	NUM
ajfa-8493	95	220	%	%	NOUN
ajfa-8493	95	221	37	37	NUM
ajfa-8493	95	222	%	%	NOUN
ajfa-8493	95	223	45	45	NUM
ajfa-8493	95	224	%	%	NOUN
ajfa-8493	95	225	46	46	NUM
ajfa-8493	95	226	%	%	NOUN
ajfa-8493	95	227	58	58	NUM
ajfa-8493	95	228	%	%	NOUN
ajfa-8493	95	229	57	57	NUM
ajfa-8493	95	230	%	%	NOUN
ajfa-8493	95	231	60	60	NUM
ajfa-8493	95	232	%	%	NOUN
ajfa-8493	95	233	67	67	NUM
ajfa-8493	95	234	%	%	NOUN
ajfa-8493	95	235	62	62	NUM
ajfa-8493	95	236	%	%	NOUN
ajfa-8493	95	237	53	53	NUM
ajfa-8493	95	238	%	%	NOUN
ajfa-8493	95	239	83	83	NUM
ajfa-8493	95	240	%	%	NOUN
ajfa-8493	95	241	2002	2002	NUM
ajfa-8493	95	242	2003	2003	NUM
ajfa-8493	95	243	2004	2004	NUM
ajfa-8493	95	244	2005	2005	NUM
ajfa-8493	95	245	2006	2006	NUM
ajfa-8493	95	246	2007	2007	NUM
ajfa-8493	95	247	2008	2008	NUM
ajfa-8493	95	248	2009	2009	NUM
ajfa-8493	95	249	2010	2010	NUM
ajfa-8493	95	250	2011	2011	NUM
ajfa-8493	95	251	2012	2012	NUM
ajfa-8493	95	252	2013	2013	NUM
ajfa-8493	95	253	2014	2014	NUM
ajfa-8493	95	254	(	(	PUNCT
ajfa-8493	95	255	e/(e+d))*re	e/(e+d))*re	NUM
ajfa-8493	96	1	3.048	3.048	NUM
ajfa-8493	96	2	3.238	3.238	NUM
ajfa-8493	96	3	4.986	4.986	NUM
ajfa-8493	96	4	6.372	6.372	NUM
ajfa-8493	96	5	7.027	7.027	NUM
ajfa-8493	96	6	7.210	7.210	NUM
ajfa-8493	96	7	5.793	5.793	NUM
ajfa-8493	96	8	6.236	6.236	NUM
ajfa-8493	96	9	6.694	6.694	NUM
ajfa-8493	96	10	4.071	4.071	NUM
ajfa-8493	96	11	3.204	3.204	NUM
ajfa-8493	96	12	0.978	0.978	NUM
ajfa-8493	96	13	-1.305	-1.305	NUM
ajfa-8493	96	14	rd*(1	rd*(1	PROPN
ajfa-8493	96	15	-	-	PUNCT
ajfa-8493	96	16	t	t	PROPN
ajfa-8493	96	17	)	)	PUNCT
ajfa-8493	96	18	0.018	0.018	NUM
ajfa-8493	96	19	0.018	0.018	NUM
ajfa-8493	96	20	0.018	0.018	NUM
ajfa-8493	96	21	0.018	0.018	NUM
ajfa-8493	96	22	0.018	0.018	NUM
ajfa-8493	96	23	0.018	0.018	NUM
ajfa-8493	96	24	0.018	0.018	NUM
ajfa-8493	96	25	0.018	0.018	NUM
ajfa-8493	96	26	0.018	0.018	NUM
ajfa-8493	96	27	0.018	0.018	NUM
ajfa-8493	96	28	0.018	0.018	NUM
ajfa-8493	96	29	0.018	0.018	NUM
ajfa-8493	96	30	0.018	0.018	NUM
ajfa-8493	96	31	d/(e+d)*rd*(1	d/(e+d)*rd*(1	PROPN
ajfa-8493	96	32	-	-	PUNCT
ajfa-8493	96	33	t	t	PROPN
ajfa-8493	96	34	)	)	PUNCT
ajfa-8493	96	35	0.013	0.013	NUM
ajfa-8493	96	36	0.012	0.012	NUM
ajfa-8493	96	37	0.010	0.010	NUM
ajfa-8493	96	38	0.007	0.007	NUM
ajfa-8493	96	39	0.006	0.006	NUM
ajfa-8493	96	40	0.006	0.006	NUM
ajfa-8493	96	41	0.008	0.008	NUM
ajfa-8493	96	42	0.008	0.008	NUM
ajfa-8493	96	43	0.007	0.007	NUM
ajfa-8493	96	44	0.011	0.011	NUM
ajfa-8493	96	45	0.012	0.012	NUM
ajfa-8493	96	46	0.016	0.016	NUM
ajfa-8493	96	47	0.020	0.020	NUM
ajfa-8493	96	48	wacc	wacc	PROPN
ajfa-8493	96	49	3.060	3.060	NUM
ajfa-8493	96	50	3.250	3.250	NUM
ajfa-8493	96	51	4.996	4.996	NUM
ajfa-8493	96	52	6.380	6.380	NUM
ajfa-8493	96	53	7.034	7.034	NUM
ajfa-8493	96	54	7.216	7.216	NUM
ajfa-8493	96	55	5.801	5.801	NUM
ajfa-8493	96	56	6.243	6.243	NUM
ajfa-8493	96	57	6.701	6.701	NUM
ajfa-8493	96	58	4.082	4.082	NUM
ajfa-8493	96	59	3.216	3.216	NUM
ajfa-8493	96	60	0.994	0.994	NUM
ajfa-8493	96	61	-1.286	-1.286	NOUN
ajfa-8493	96	62	(	(	PUNCT
ajfa-8493	96	63	e/(e+d+col))*re	e/(e+d+col))*re	PROPN
ajfa-8493	96	64	3.164	3.164	NUM
ajfa-8493	96	65	3.674	3.674	NUM
ajfa-8493	96	66	3.084	3.084	NUM
ajfa-8493	96	67	4.130	4.130	NUM
ajfa-8493	96	68	3.884	3.884	NUM
ajfa-8493	96	69	3.667	3.667	NUM
ajfa-8493	96	70	2.239	2.239	NUM
ajfa-8493	96	71	2.390	2.390	NUM
ajfa-8493	96	72	2.389	2.389	NUM
ajfa-8493	96	73	1.007	1.007	NUM
ajfa-8493	96	74	0.896	0.896	NUM
ajfa-8493	96	75	0.138	0.138	NUM
ajfa-8493	96	76	-0.339	-0.339	PUNCT
ajfa-8493	96	77	rd*(1	rd*(1	PROPN
ajfa-8493	96	78	-	-	PUNCT
ajfa-8493	96	79	t	t	PROPN
ajfa-8493	96	80	)	)	PUNCT
ajfa-8493	96	81	0.018	0.018	NUM
ajfa-8493	96	82	0.018	0.018	NUM
ajfa-8493	96	83	0.018	0.018	NUM
ajfa-8493	96	84	0.018	0.018	NUM
ajfa-8493	96	85	0.018	0.018	NUM
ajfa-8493	96	86	0.018	0.018	NUM
ajfa-8493	96	87	0.018	0.018	NUM
ajfa-8493	96	88	0.018	0.018	NUM
ajfa-8493	96	89	0.018	0.018	NUM
ajfa-8493	96	90	0.018	0.018	NUM
ajfa-8493	96	91	0.018	0.018	NUM
ajfa-8493	96	92	0.018	0.018	NUM
ajfa-8493	96	93	0.018	0.018	NUM
ajfa-8493	96	94	(	(	PUNCT
ajfa-8493	96	95	d/(e+d+col))*rd*(1	d/(e+d+col))*rd*(1	NOUN
ajfa-8493	96	96	-	-	PUNCT
ajfa-8493	96	97	t	t	NOUN
ajfa-8493	96	98	)	)	PUNCT
ajfa-8493	96	99	0.007	0.007	NUM
ajfa-8493	96	100	0.003	0.003	NUM
ajfa-8493	96	101	0.005	0.005	NUM
ajfa-8493	96	102	0.004	0.004	NUM
ajfa-8493	96	103	0.003	0.003	NUM
ajfa-8493	96	104	0.003	0.003	NUM
ajfa-8493	96	105	0.003	0.003	NUM
ajfa-8493	96	106	0.003	0.003	NUM
ajfa-8493	96	107	0.003	0.003	NUM
ajfa-8493	96	108	0.003	0.003	NUM
ajfa-8493	96	109	0.005	0.005	NUM
ajfa-8493	96	110	0.007	0.007	NUM
ajfa-8493	96	111	0.003	0.003	NUM
ajfa-8493	96	112	(	(	PUNCT
ajfa-8493	96	113	rl*(1	rl*(1	NOUN
ajfa-8493	96	114	-	-	PUNCT
ajfa-8493	96	115	t	t	NOUN
ajfa-8493	96	116	)	)	PUNCT
ajfa-8493	96	117	0.040	0.040	NUM
ajfa-8493	96	118	0.040	0.040	NUM
ajfa-8493	96	119	0.040	0.040	NUM
ajfa-8493	96	120	0.040	0.040	NUM
ajfa-8493	96	121	0.040	0.040	NUM
ajfa-8493	96	122	0.040	0.040	NUM
ajfa-8493	96	123	0.040	0.040	NUM
ajfa-8493	96	124	0.040	0.040	NUM
ajfa-8493	96	125	0.040	0.040	NUM
ajfa-8493	96	126	0.040	0.040	NUM
ajfa-8493	96	127	0.040	0.040	NUM
ajfa-8493	96	128	0.040	0.040	NUM
ajfa-8493	96	129	0.040	0.040	NUM
ajfa-8493	96	130	(	(	PUNCT
ajfa-8493	96	131	l/(e+d+col))*rl*(1	l/(e+d+col))*rl*(1	NOUN
ajfa-8493	96	132	-	-	PUNCT
ajfa-8493	96	133	t	t	NOUN
ajfa-8493	96	134	)	)	PUNCT
ajfa-8493	96	135	0.013	0.013	NUM
ajfa-8493	96	136	0.021	0.021	NUM
ajfa-8493	96	137	0.018	0.018	NUM
ajfa-8493	96	138	0.016	0.016	NUM
ajfa-8493	96	139	0.019	0.019	NUM
ajfa-8493	96	140	0.020	0.020	NUM
ajfa-8493	96	141	0.024	0.024	NUM
ajfa-8493	96	142	0.024	0.024	NUM
ajfa-8493	96	143	0.025	0.025	NUM
ajfa-8493	96	144	0.028	0.028	NUM
ajfa-8493	96	145	0.026	0.026	NUM
ajfa-8493	96	146	0.023	0.023	NUM
ajfa-8493	96	147	0.034	0.034	NUM
ajfa-8493	96	148	ad.wacc	ad.wacc	ADP
ajfa-8493	96	149	3.183	3.183	NUM
ajfa-8493	96	150	3.697	3.697	NUM
ajfa-8493	96	151	3.106	3.106	NUM
ajfa-8493	96	152	4.150	4.150	NUM
ajfa-8493	96	153	3.906	3.906	NUM
ajfa-8493	96	154	3.689	3.689	NUM
ajfa-8493	96	155	2.267	2.267	NUM
ajfa-8493	96	156	2.418	2.418	NUM
ajfa-8493	96	157	2.417	2.417	NUM
ajfa-8493	96	158	1.038	1.038	NUM
ajfa-8493	96	159	0.927	0.927	NUM
ajfa-8493	96	160	0.168	0.168	NUM
ajfa-8493	96	161	-0.302	-0.302	PUNCT
ajfa-8493	96	162	adj.waccwacc	adj.waccwacc	ADP
ajfa-8493	96	163	0.123	0.123	NUM
ajfa-8493	96	164	0.447	0.447	NUM
ajfa-8493	96	165	-1.890	-1.890	NOUN
ajfa-8493	96	166	-2.230	-2.230	NOUN
ajfa-8493	96	167	-3.128	-3.128	NOUN
ajfa-8493	97	1	-3.527	-3.527	NUM
ajfa-8493	98	1	-3.534	-3.534	NUM
ajfa-8493	99	1	-3.826	-3.826	PUNCT
ajfa-8493	99	2	-4.284	-4.284	VERB
ajfa-8493	99	3	0.032	0.032	NUM
ajfa-8493	99	4	0.031	0.031	NUM
ajfa-8493	99	5	0.030	0.030	NUM
ajfa-8493	99	6	0.037	0.037	NUM
ajfa-8493	99	7	4	4	NUM
ajfa-8493	99	8	.	.	PUNCT
ajfa-8493	100	1	results	result	NOUN
ajfa-8493	100	2	figure	figure	VERB
ajfa-8493	100	3	1	1	NUM
ajfa-8493	100	4	show	show	NOUN
ajfa-8493	100	5	rj	rj	PROPN
ajfa-8493	100	6	capital	capital	NOUN
ajfa-8493	100	7	structure	structure	NOUN
ajfa-8493	100	8	over	over	ADP
ajfa-8493	100	9	the	the	DET
ajfa-8493	100	10	period	period	NOUN
ajfa-8493	100	11	2002	2002	NUM
ajfa-8493	100	12	-	-	SYM
ajfa-8493	100	13	2014	2014	NUM
ajfa-8493	100	14	.	.	PUNCT
ajfa-8493	101	1	equity	equity	NOUN
ajfa-8493	101	2	percentage	percentage	NOUN
ajfa-8493	101	3	exceed	exceed	VERB
ajfa-8493	101	4	debt	debt	NOUN
ajfa-8493	101	5	percentage	percentage	NOUN
ajfa-8493	101	6	during	during	ADP
ajfa-8493	101	7	(	(	PUNCT
ajfa-8493	101	8	2004	2004	NUM
ajfa-8493	101	9	-	-	SYM
ajfa-8493	101	10	2010	2010	NUM
ajfa-8493	101	11	)	)	PUNCT
ajfa-8493	101	12	,	,	PUNCT
ajfa-8493	101	13	this	this	PRON
ajfa-8493	101	14	is	be	AUX
ajfa-8493	101	15	related	relate	VERB
ajfa-8493	101	16	to	to	PART
ajfa-8493	101	17	share	share	VERB
ajfa-8493	101	18	prices	price	NOUN
ajfa-8493	101	19	improvement	improvement	NOUN
ajfa-8493	101	20	,	,	PUNCT
ajfa-8493	101	21	the	the	DET
ajfa-8493	101	22	period	period	NOUN
ajfa-8493	101	23	(	(	PUNCT
ajfa-8493	101	24	2010	2010	NUM
ajfa-8493	101	25	-	-	SYM
ajfa-8493	101	26	2014)shows	2014)shows	NUM
ajfa-8493	101	27	increase	increase	NOUN
ajfa-8493	101	28	in	in	ADP
ajfa-8493	101	29	debt	debt	NOUN
ajfa-8493	101	30	percentage	percentage	NOUN
ajfa-8493	101	31	and	and	CCONJ
ajfa-8493	101	32	at	at	ADP
ajfa-8493	101	33	the	the	DET
ajfa-8493	101	34	same	same	ADJ
ajfa-8493	101	35	time	time	NOUN
ajfa-8493	101	36	a	a	DET
ajfa-8493	101	37	decrease	decrease	NOUN
ajfa-8493	101	38	in	in	ADP
ajfa-8493	101	39	share	share	NOUN
ajfa-8493	101	40	prices	price	NOUN
ajfa-8493	101	41	,	,	PUNCT
ajfa-8493	101	42	share	share	VERB
ajfa-8493	101	43	prices	price	NOUN
ajfa-8493	101	44	escalating	escalate	VERB
ajfa-8493	101	45	decrease	decrease	NOUN
ajfa-8493	101	46	because	because	SCONJ
ajfa-8493	101	47	of	of	ADP
ajfa-8493	101	48	the	the	DET
ajfa-8493	101	49	international	international	ADJ
ajfa-8493	101	50	financial	financial	ADJ
ajfa-8493	101	51	crises	crisis	NOUN
ajfa-8493	101	52	consequences	consequence	NOUN
ajfa-8493	101	53	,	,	PUNCT
ajfa-8493	101	54	either	either	CCONJ
ajfa-8493	101	55	related	relate	VERB
ajfa-8493	101	56	to	to	ADP
ajfa-8493	101	57	the	the	DET
ajfa-8493	101	58	negative	negative	ADJ
ajfa-8493	101	59	financial	financial	ADJ
ajfa-8493	101	60	results	result	NOUN
ajfa-8493	101	61	.	.	PUNCT
ajfa-8493	102	1	table	table	NOUN
ajfa-8493	102	2	2	2	NUM
ajfa-8493	102	3	reveal	reveal	VERB
ajfa-8493	102	4	that	that	SCONJ
ajfa-8493	102	5	owners	owner	NOUN
ajfa-8493	102	6	'	'	PART
ajfa-8493	102	7	equity	equity	NOUN
ajfa-8493	102	8	before	before	SCONJ
ajfa-8493	102	9	capitalization	capitalization	NOUN
ajfa-8493	102	10	shows	show	VERB
ajfa-8493	102	11	higher	high	ADJ
ajfa-8493	102	12	portion	portion	NOUN
ajfa-8493	102	13	over	over	ADP
ajfa-8493	102	14	(	(	PUNCT
ajfa-8493	102	15	2005	2005	NUM
ajfa-8493	102	16	-	-	SYM
ajfa-8493	102	17	2010	2010	NUM
ajfa-8493	102	18	)	)	PUNCT
ajfa-8493	102	19	,	,	PUNCT
ajfa-8493	102	20	either	either	CCONJ
ajfa-8493	102	21	figure	figure	VERB
ajfa-8493	102	22	2	2	NUM
ajfa-8493	102	23	shows	show	VERB
ajfa-8493	102	24	highest	high	ADJ
ajfa-8493	102	25	wacc	wacc	PROPN
ajfa-8493	102	26	before	before	ADP
ajfa-8493	102	27	capitalization	capitalization	NOUN
ajfa-8493	102	28	for	for	ADP
ajfa-8493	102	29	the	the	DET
ajfa-8493	102	30	same	same	ADJ
ajfa-8493	102	31	period	period	NOUN
ajfa-8493	102	32	(	(	PUNCT
ajfa-8493	102	33	2005	2005	NUM
ajfa-8493	102	34	-	-	SYM
ajfa-8493	102	35	2010	2010	NUM
ajfa-8493	102	36	)	)	PUNCT
ajfa-8493	102	37	,	,	PUNCT
ajfa-8493	102	38	our	our	PRON
ajfa-8493	102	39	computations	computation	NOUN
ajfa-8493	102	40	is	be	AUX
ajfa-8493	102	41	based	base	VERB
ajfa-8493	102	42	on	on	ADP
ajfa-8493	102	43	(	(	PUNCT
ajfa-8493	102	44	10.89	10.89	NUM
ajfa-8493	102	45	%	%	NOUN
ajfa-8493	102	46	)	)	PUNCT
ajfa-8493	102	47	return	return	NOUN
ajfa-8493	102	48	on	on	ADP
ajfa-8493	102	49	equity	equity	NOUN
ajfa-8493	102	50	which	which	PRON
ajfa-8493	102	51	it	it	PRON
ajfa-8493	102	52	is	be	AUX
ajfa-8493	102	53	either	either	CCONJ
ajfa-8493	102	54	higher	high	ADJ
ajfa-8493	102	55	than	than	ADP
ajfa-8493	102	56	0.022	0.022	NUM
ajfa-8493	102	57	%	%	NOUN
ajfa-8493	102	58	return	return	NOUN
ajfa-8493	102	59	on	on	ADP
ajfa-8493	102	60	debt	debt	NOUN
ajfa-8493	102	61	is	be	AUX
ajfa-8493	102	62	also	also	ADV
ajfa-8493	102	63	another	another	DET
ajfa-8493	102	64	reason	reason	NOUN
ajfa-8493	102	65	for	for	ADP
ajfa-8493	102	66	this	this	DET
ajfa-8493	102	67	result	result	NOUN
ajfa-8493	102	68	.	.	PUNCT
ajfa-8493	103	1	asian	asian	ADJ
ajfa-8493	103	2	journal	journal	PROPN
ajfa-8493	103	3	of	of	ADP
ajfa-8493	103	4	finance	finance	PROPN
ajfa-8493	103	5	&	&	CCONJ
ajfa-8493	103	6	accounting	accounting	PROPN
ajfa-8493	103	7	issn	issn	PROPN
ajfa-8493	103	8	1946	1946	NUM
ajfa-8493	103	9	-	-	PUNCT
ajfa-8493	103	10	052x	052x	NOUN
ajfa-8493	103	11	2015	2015	NUM
ajfa-8493	103	12	,	,	PUNCT
ajfa-8493	103	13	vol	vol	NOUN
ajfa-8493	103	14	.	.	PROPN
ajfa-8493	103	15	7	7	NUM
ajfa-8493	103	16	,	,	PUNCT
ajfa-8493	103	17	no	no	INTJ
ajfa-8493	103	18	.	.	NOUN
ajfa-8493	103	19	2	2	NUM
ajfa-8493	103	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-8493	103	21	10	10	NUM
ajfa-8493	103	22	figure	figure	VERB
ajfa-8493	103	23	1.capital	1.capital	NUM
ajfa-8493	103	24	structure	structure	NOUN
ajfa-8493	103	25	before	before	ADP
ajfa-8493	103	26	capitalization	capitalization	NOUN
ajfa-8493	103	27	table	table	NOUN
ajfa-8493	103	28	3	3	NUM
ajfa-8493	103	29	reports	report	VERB
ajfa-8493	103	30	the	the	DET
ajfa-8493	103	31	unrecorded	unrecorded	ADJ
ajfa-8493	103	32	lease	lease	NOUN
ajfa-8493	103	33	assets	asset	NOUN
ajfa-8493	103	34	,	,	PUNCT
ajfa-8493	103	35	liabilities	liability	NOUN
ajfa-8493	103	36	and	and	CCONJ
ajfa-8493	103	37	owners	owner	NOUN
ajfa-8493	103	38	'	'	PART
ajfa-8493	103	39	equity	equity	NOUN
ajfa-8493	103	40	.	.	PUNCT
ajfa-8493	104	1	capitalization	capitalization	NOUN
ajfa-8493	104	2	process	process	NOUN
ajfa-8493	104	3	resulted	result	VERB
ajfa-8493	104	4	in	in	ADP
ajfa-8493	104	5	an	an	DET
ajfa-8493	104	6	increase	increase	NOUN
ajfa-8493	104	7	on	on	ADP
ajfa-8493	104	8	lease	lease	NOUN
ajfa-8493	104	9	liabilities	liability	NOUN
ajfa-8493	104	10	,	,	PUNCT
ajfa-8493	104	11	this	this	DET
ajfa-8493	104	12	result	result	NOUN
ajfa-8493	104	13	is	be	AUX
ajfa-8493	104	14	consistent	consistent	ADJ
ajfa-8493	104	15	with	with	ADP
ajfa-8493	104	16	(	(	PUNCT
ajfa-8493	104	17	beattie	beattie	PROPN
ajfa-8493	104	18	et	et	PROPN
ajfa-8493	104	19	al	al	PROPN
ajfa-8493	104	20	.	.	PROPN
ajfa-8493	104	21	,	,	PUNCT
ajfa-8493	104	22	2000a	2000a	NOUN
ajfa-8493	104	23	,	,	PUNCT
ajfa-8493	104	24	2000b	2000b	NUM
ajfa-8493	104	25	;	;	PUNCT
ajfa-8493	104	26	ely	ely	ADV
ajfa-8493	104	27	,	,	PUNCT
ajfa-8493	104	28	1995	1995	NUM
ajfa-8493	104	29	)	)	PUNCT
ajfa-8493	104	30	;	;	PUNCT
ajfa-8493	104	31	imhoff	imhoff	INTJ
ajfa-8493	104	32	jr	jr	PROPN
ajfa-8493	104	33	et	et	PROPN
ajfa-8493	104	34	al	al	PROPN
ajfa-8493	104	35	.	.	PROPN
ajfa-8493	105	1	(	(	PUNCT
ajfa-8493	105	2	1993	1993	NUM
ajfa-8493	105	3	)	)	PUNCT
ajfa-8493	105	4	,	,	PUNCT
ajfa-8493	105	5	increase	increase	VERB
ajfa-8493	105	6	in	in	ADP
ajfa-8493	105	7	liability	liability	NOUN
ajfa-8493	105	8	resulted	result	VERB
ajfa-8493	105	9	in	in	ADP
ajfa-8493	105	10	an	an	DET
ajfa-8493	105	11	increase	increase	NOUN
ajfa-8493	105	12	in	in	ADP
ajfa-8493	105	13	total	total	ADJ
ajfa-8493	105	14	debt	debt	NOUN
ajfa-8493	105	15	,	,	PUNCT
ajfa-8493	105	16	they	they	PRON
ajfa-8493	105	17	reported	report	VERB
ajfa-8493	105	18	40	40	NUM
ajfa-8493	105	19	%	%	NOUN
ajfa-8493	105	20	total	total	ADJ
ajfa-8493	105	21	debt	debt	NOUN
ajfa-8493	105	22	increase	increase	NOUN
ajfa-8493	105	23	,	,	PUNCT
ajfa-8493	105	24	our	our	PRON
ajfa-8493	105	25	results	result	NOUN
ajfa-8493	105	26	reveal	reveal	VERB
ajfa-8493	105	27	with(31%83	with(31%83	NOUN
ajfa-8493	105	28	%	%	NOUN
ajfa-8493	105	29	)	)	PUNCT
ajfa-8493	105	30	increase	increase	NOUN
ajfa-8493	105	31	in	in	ADP
ajfa-8493	105	32	total	total	ADJ
ajfa-8493	105	33	debt	debt	NOUN
ajfa-8493	105	34	over	over	ADP
ajfa-8493	105	35	the	the	DET
ajfa-8493	105	36	period	period	NOUN
ajfa-8493	105	37	(	(	PUNCT
ajfa-8493	105	38	2002	2002	NUM
ajfa-8493	105	39	-	-	SYM
ajfa-8493	105	40	2014	2014	NUM
ajfa-8493	105	41	)	)	PUNCT
ajfa-8493	105	42	.	.	PUNCT
ajfa-8493	106	1	table	table	NOUN
ajfa-8493	106	2	3	3	NUM
ajfa-8493	106	3	either	either	CCONJ
ajfa-8493	106	4	reports	report	VERB
ajfa-8493	106	5	a	a	DET
ajfa-8493	106	6	negative	negative	ADJ
ajfa-8493	106	7	impact	impact	NOUN
ajfa-8493	106	8	in	in	ADP
ajfa-8493	106	9	equity	equity	NOUN
ajfa-8493	106	10	,	,	PUNCT
ajfa-8493	106	11	this	this	DET
ajfa-8493	106	12	result	result	NOUN
ajfa-8493	106	13	monopolize	monopolize	VERB
ajfa-8493	106	14	the	the	DET
ajfa-8493	106	15	rj	rj	PROPN
ajfa-8493	106	16	capital	capital	NOUN
ajfa-8493	106	17	structure	structure	NOUN
ajfa-8493	106	18	.	.	PUNCT
ajfa-8493	107	1	table	table	NOUN
ajfa-8493	107	2	3	3	NUM
ajfa-8493	107	3	.	.	PUNCT
ajfa-8493	108	1	the	the	DET
ajfa-8493	108	2	capitalized	capitalized	ADJ
ajfa-8493	108	3	(	(	PUNCT
ajfa-8493	108	4	unrecorded	unrecorded	ADJ
ajfa-8493	108	5	)	)	PUNCT
ajfa-8493	108	6	assets	asset	NOUN
ajfa-8493	108	7	,	,	PUNCT
ajfa-8493	108	8	liabilities	liability	NOUN
ajfa-8493	108	9	and	and	CCONJ
ajfa-8493	108	10	owners	owner	NOUN
ajfa-8493	108	11	'	'	PART
ajfa-8493	108	12	equity	equity	NOUN
ajfa-8493	108	13	uroe	uroe	NOUN
ajfa-8493	108	14	2002	2002	NUM
ajfa-8493	108	15	2	2	NUM
ajfa-8493	108	16	58551825	58551825	NUM
ajfa-8493	108	17	58200992	58200992	NUM
ajfa-8493	108	18	-350833	-350833	SYM
ajfa-8493	108	19	2003	2003	NUM
ajfa-8493	108	20	4	4	NUM
ajfa-8493	108	21	104235803	104235803	NUM
ajfa-8493	108	22	102312639	102312639	NUM
ajfa-8493	108	23	-1923164	-1923164	NOUN
ajfa-8493	108	24	2004	2004	NUM
ajfa-8493	108	25	4	4	NUM
ajfa-8493	108	26	96885982	96885982	NUM
ajfa-8493	108	27	92975990	92975990	NUM
ajfa-8493	108	28	-3909992	-3909992	NOUN
ajfa-8493	108	29	2005	2005	NUM
ajfa-8493	108	30	4	4	NUM
ajfa-8493	108	31	89164214	89164214	NUM
ajfa-8493	108	32	83639341	83639341	NUM
ajfa-8493	108	33	-5524873	-5524873	NOUN
ajfa-8493	108	34	2006	2006	NUM
ajfa-8493	108	35	6	6	NUM
ajfa-8493	108	36	121443518	121443518	NUM
ajfa-8493	108	37	114708247	114708247	NUM
ajfa-8493	108	38	-6735271	-6735271	NOUN
ajfa-8493	108	39	2007	2007	NUM
ajfa-8493	108	40	8	8	NUM
ajfa-8493	108	41	147809282	147809282	NUM
ajfa-8493	108	42	138954486	138954486	NUM
ajfa-8493	108	43	-8854797	-8854797	PROPN
ajfa-8493	108	44	2008	2008	NUM
ajfa-8493	108	45	12	12	NUM
ajfa-8493	108	46	234403305	234403305	NUM
ajfa-8493	108	47	223319648	223319648	NUM
ajfa-8493	108	48	-11083658	-11083658	NOUN
ajfa-8493	108	49	2009	2009	NUM
ajfa-8493	108	50	14	14	NUM
ajfa-8493	108	51	266298221	266298221	NUM
ajfa-8493	108	52	251380002	251380002	NUM
ajfa-8493	108	53	-14918219	-14918219	NOUN
ajfa-8493	108	54	2010	2010	NUM
ajfa-8493	108	55	17	17	NUM
ajfa-8493	108	56	298970207	298970207	NUM
ajfa-8493	108	57	280992522	280992522	NUM
ajfa-8493	108	58	-17977685	-17977685	PROPN
ajfa-8493	108	59	2011	2011	NUM
ajfa-8493	108	60	20	20	NUM
ajfa-8493	108	61	332204911	332204911	NUM
ajfa-8493	108	62	311925629	311925629	NUM
ajfa-8493	108	63	-20279282	-20279282	NOUN
ajfa-8493	108	64	2012	2012	NUM
ajfa-8493	108	65	25	25	NUM
ajfa-8493	108	66	352529389	352529389	NUM
ajfa-8493	108	67	331026278	331026278	NUM
ajfa-8493	108	68	-21503110	-21503110	PROPN
ajfa-8493	108	69	2013	2013	NUM
ajfa-8493	108	70	25	25	NUM
ajfa-8493	108	71	267874085	267874085	NUM
ajfa-8493	108	72	247446073	247446073	NUM
ajfa-8493	108	73	-20428012	-20428012	PROPN
ajfa-8493	108	74	2014	2014	NUM
ajfa-8493	108	75	22	22	NUM
ajfa-8493	108	76	686164099	686164099	NUM
ajfa-8493	108	77	669313061	669313061	NUM
ajfa-8493	108	78	-16851038	-16851038	PROPN
ajfa-8493	108	79	figure	figure	NOUN
ajfa-8493	108	80	2	2	NUM
ajfa-8493	108	81	shows	show	VERB
ajfa-8493	108	82	the	the	DET
ajfa-8493	108	83	after	after	ADP
ajfa-8493	108	84	capitalization	capitalization	NOUN
ajfa-8493	108	85	capital	capital	NOUN
ajfa-8493	108	86	structure.capitalization	structure.capitalization	PROPN
ajfa-8493	108	87	of	of	ADP
ajfa-8493	108	88	all	all	DET
ajfa-8493	108	89	rj	rj	PROPN
ajfa-8493	108	90	operational	operational	ADJ
ajfa-8493	108	91	lease	lease	NOUN
ajfa-8493	108	92	agreements	agreement	NOUN
ajfa-8493	108	93	resulted	result	VERB
ajfa-8493	108	94	in	in	ADP
ajfa-8493	108	95	a	a	DET
ajfa-8493	108	96	positive	positive	ADJ
ajfa-8493	108	97	change	change	NOUN
ajfa-8493	108	98	in	in	ADP
ajfa-8493	108	99	the	the	DET
ajfa-8493	108	100	royal	royal	ADJ
ajfa-8493	108	101	jordanian	jordanian	ADJ
ajfa-8493	108	102	airlines	airline	NOUN
ajfa-8493	108	103	ad.wacc	ad.wacc	VERB
ajfa-8493	108	104	.	.	PUNCT
ajfa-8493	109	1	figure	figure	NOUN
ajfa-8493	109	2	2	2	NUM
ajfa-8493	109	3	reports	report	VERB
ajfa-8493	109	4	a	a	DET
ajfa-8493	109	5	comparison	comparison	NOUN
ajfa-8493	109	6	between	between	ADP
ajfa-8493	109	7	wacc	wacc	PROPN
ajfa-8493	109	8	and	and	CCONJ
ajfa-8493	109	9	the	the	DET
ajfa-8493	109	10	after	after	ADP
ajfa-8493	109	11	capitalization	capitalization	NOUN
ajfa-8493	109	12	adj.wacc	adj.wacc	NOUN
ajfa-8493	109	13	.	.	PUNCT
ajfa-8493	110	1	our	our	PRON
ajfa-8493	110	2	results	result	NOUN
ajfa-8493	110	3	seems	seem	VERB
ajfa-8493	110	4	consistent	consistent	ADJ
ajfa-8493	110	5	with	with	ADP
ajfa-8493	110	6	jesswein	jesswein	PROPN
ajfa-8493	110	7	(	(	PUNCT
ajfa-8493	110	8	2008	2008	NUM
ajfa-8493	110	9	)	)	PUNCT
ajfa-8493	110	10	results	result	NOUN
ajfa-8493	110	11	,	,	PUNCT
ajfa-8493	110	12	he	he	PRON
ajfa-8493	110	13	reported	report	VERB
ajfa-8493	110	14	20	20	NUM
ajfa-8493	110	15	%	%	NOUN
ajfa-8493	110	16	after	after	ADP
ajfa-8493	110	17	operation	operation	NOUN
ajfa-8493	110	18	lease	lease	NOUN
ajfa-8493	110	19	capitalization	capitalization	NOUN
ajfa-8493	110	20	drop	drop	NOUN
ajfa-8493	110	21	in	in	ADP
ajfa-8493	110	22	z	z	ADJ
ajfa-8493	110	23	-	-	PUNCT
ajfa-8493	110	24	score	score	NOUN
ajfa-8493	110	25	credit	credit	NOUN
ajfa-8493	110	26	rating	rating	NOUN
ajfa-8493	110	27	model	model	NOUN
ajfa-8493	110	28	.	.	PUNCT
ajfa-8493	111	1	-50.00	-50.00	PUNCT
ajfa-8493	111	2	%	%	NOUN
ajfa-8493	111	3	0.00	0.00	NUM
ajfa-8493	111	4	%	%	NOUN
ajfa-8493	111	5	50.00	50.00	NUM
ajfa-8493	111	6	%	%	NOUN
ajfa-8493	111	7	100.00	100.00	NUM
ajfa-8493	111	8	%	%	NOUN
ajfa-8493	111	9	150.00	150.00	NUM
ajfa-8493	111	10	%	%	NOUN
ajfa-8493	111	11	2002	2002	NUM
ajfa-8493	111	12	2003	2003	NUM
ajfa-8493	111	13	2004	2004	NUM
ajfa-8493	111	14	2005	2005	NUM
ajfa-8493	111	15	2006	2006	NUM
ajfa-8493	111	16	2007	2007	NUM
ajfa-8493	111	17	2008	2008	NUM
ajfa-8493	111	18	2009	2009	NUM
ajfa-8493	111	19	2010	2010	NUM
ajfa-8493	111	20	2011	2011	NUM
ajfa-8493	111	21	2012	2012	NUM
ajfa-8493	111	22	2013	2013	NUM
ajfa-8493	111	23	2014	2014	NUM
ajfa-8493	111	24	rj	rj	NOUN
ajfa-8493	111	25	capital	capital	NOUN
ajfa-8493	111	26	structure	structure	NOUN
ajfa-8493	111	27	before	before	ADP
ajfa-8493	111	28	capitaliztion	capitaliztion	NOUN
ajfa-8493	111	29	d/(d+e	d/(d+e	PROPN
ajfa-8493	111	30	)	)	PUNCT
ajfa-8493	111	31	e/(d+e	e/(d+e	PROPN
ajfa-8493	111	32	)	)	PUNCT
ajfa-8493	111	33	asian	asian	ADJ
ajfa-8493	111	34	journal	journal	NOUN
ajfa-8493	111	35	of	of	ADP
ajfa-8493	111	36	finance	finance	PROPN
ajfa-8493	111	37	&	&	CCONJ
ajfa-8493	111	38	accounting	accounting	PROPN
ajfa-8493	111	39	issn	issn	PROPN
ajfa-8493	111	40	1946	1946	NUM
ajfa-8493	111	41	-	-	PUNCT
ajfa-8493	111	42	052x	052x	NOUN
ajfa-8493	111	43	2015	2015	NUM
ajfa-8493	111	44	,	,	PUNCT
ajfa-8493	111	45	vol	vol	NOUN
ajfa-8493	111	46	.	.	PROPN
ajfa-8493	112	1	7	7	NUM
ajfa-8493	112	2	,	,	PUNCT
ajfa-8493	112	3	no	no	INTJ
ajfa-8493	112	4	.	.	NOUN
ajfa-8493	112	5	2	2	NUM
ajfa-8493	112	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-8493	112	7	11	11	NUM
ajfa-8493	112	8	figure	figure	NOUN
ajfa-8493	112	9	2	2	NUM
ajfa-8493	112	10	.	.	X
ajfa-8493	112	11	wacc	wacc	PROPN
ajfa-8493	112	12	before	before	ADP
ajfa-8493	112	13	capitalization	capitalization	NOUN
ajfa-8493	112	14	and	and	CCONJ
ajfa-8493	112	15	ad.wacc	ad.wacc	ADP
ajfa-8493	112	16	after	after	SCONJ
ajfa-8493	112	17	capitalization	capitalization	NOUN
ajfa-8493	112	18	figure	figure	NOUN
ajfa-8493	112	19	3	3	NUM
ajfa-8493	112	20	shows	show	VERB
ajfa-8493	112	21	that	that	SCONJ
ajfa-8493	112	22	this	this	DET
ajfa-8493	112	23	positive	positive	ADJ
ajfa-8493	112	24	change	change	NOUN
ajfa-8493	112	25	in	in	ADP
ajfa-8493	112	26	wacc	wacc	PROPN
ajfa-8493	112	27	is	be	AUX
ajfa-8493	112	28	due	due	ADJ
ajfa-8493	112	29	to	to	ADP
ajfa-8493	112	30	three	three	NUM
ajfa-8493	112	31	reasons	reason	NOUN
ajfa-8493	112	32	;	;	PUNCT
ajfa-8493	112	33	1	1	X
ajfa-8493	112	34	)	)	PUNCT
ajfa-8493	112	35	capital	capital	NOUN
ajfa-8493	112	36	structure	structure	NOUN
ajfa-8493	112	37	change	change	NOUN
ajfa-8493	112	38	,	,	PUNCT
ajfa-8493	112	39	capitalized	capitalize	VERB
ajfa-8493	112	40	operation	operation	NOUN
ajfa-8493	112	41	lease	lease	NOUN
ajfa-8493	112	42	(	(	PUNCT
ajfa-8493	112	43	col	col	NOUN
ajfa-8493	112	44	)	)	PUNCT
ajfa-8493	112	45	percentage	percentage	NOUN
ajfa-8493	112	46	increased	increase	VERB
ajfa-8493	112	47	from	from	ADP
ajfa-8493	112	48	31	31	NUM
ajfa-8493	112	49	%	%	NOUN
ajfa-8493	112	50	in	in	ADP
ajfa-8493	112	51	2002	2002	NUM
ajfa-8493	112	52	to	to	ADP
ajfa-8493	112	53	85	85	NUM
ajfa-8493	112	54	%	%	NOUN
ajfa-8493	112	55	in	in	ADP
ajfa-8493	112	56	2014	2014	NUM
ajfa-8493	112	57	.	.	PUNCT
ajfa-8493	113	1	2	2	X
ajfa-8493	113	2	)	)	PUNCT
ajfa-8493	113	3	this	this	PRON
ajfa-8493	113	4	is	be	AUX
ajfa-8493	113	5	accompanied	accompany	VERB
ajfa-8493	113	6	by	by	ADP
ajfa-8493	113	7	a	a	DET
ajfa-8493	113	8	decreasing	decrease	VERB
ajfa-8493	113	9	percentage	percentage	NOUN
ajfa-8493	113	10	of	of	ADP
ajfa-8493	113	11	debt	debt	NOUN
ajfa-8493	113	12	compared	compare	VERB
ajfa-8493	113	13	to	to	ADP
ajfa-8493	113	14	total	total	ADJ
ajfa-8493	113	15	capital	capital	NOUN
ajfa-8493	113	16	3	3	NUM
ajfa-8493	113	17	)	)	PUNCT
ajfa-8493	113	18	the	the	DET
ajfa-8493	113	19	negative	negative	ADJ
ajfa-8493	113	20	impact	impact	NOUN
ajfa-8493	113	21	on	on	ADP
ajfa-8493	113	22	owners	owner	NOUN
ajfa-8493	113	23	'	'	PART
ajfa-8493	113	24	equity	equity	NOUN
ajfa-8493	113	25	resulted	result	VERB
ajfa-8493	113	26	from	from	ADP
ajfa-8493	113	27	operation	operation	NOUN
ajfa-8493	113	28	lease	lease	NOUN
ajfa-8493	113	29	capitalization	capitalization	NOUN
ajfa-8493	113	30	.	.	PUNCT
ajfa-8493	114	1	the	the	DET
ajfa-8493	114	2	year	year	NOUN
ajfa-8493	114	3	2014	2014	NUM
ajfa-8493	114	4	shows	show	VERB
ajfa-8493	114	5	a	a	DET
ajfa-8493	114	6	negative	negative	ADJ
ajfa-8493	114	7	owner	owner	NOUN
ajfa-8493	114	8	equity	equity	NOUN
ajfa-8493	114	9	percentage	percentage	NOUN
ajfa-8493	114	10	due	due	ADP
ajfa-8493	114	11	to	to	ADP
ajfa-8493	114	12	the	the	DET
ajfa-8493	114	13	fact	fact	NOUN
ajfa-8493	114	14	that	that	SCONJ
ajfa-8493	114	15	losses	loss	NOUN
ajfa-8493	114	16	exceeds	exceed	VERB
ajfa-8493	114	17	its	its	PRON
ajfa-8493	114	18	recorded	recorded	ADJ
ajfa-8493	114	19	equity	equity	NOUN
ajfa-8493	114	20	.	.	PUNCT
ajfa-8493	115	1	the	the	DET
ajfa-8493	115	2	positive	positive	ADJ
ajfa-8493	115	3	change	change	NOUN
ajfa-8493	115	4	in	in	ADP
ajfa-8493	115	5	wacc	wacc	PROPN
ajfa-8493	115	6	as	as	SCONJ
ajfa-8493	115	7	credit	credit	NOUN
ajfa-8493	115	8	rating	rating	NOUN
ajfa-8493	115	9	measurement	measurement	NOUN
ajfa-8493	115	10	tool	tool	NOUN
ajfa-8493	115	11	is	be	AUX
ajfa-8493	115	12	consistent	consistent	ADJ
ajfa-8493	115	13	with	with	ADP
ajfa-8493	115	14	zhao	zhao	PROPN
ajfa-8493	115	15	(	(	PUNCT
ajfa-8493	115	16	2013	2013	NUM
ajfa-8493	115	17	)	)	PUNCT
ajfa-8493	115	18	results	result	NOUN
ajfa-8493	115	19	,	,	PUNCT
ajfa-8493	115	20	he	he	PRON
ajfa-8493	115	21	hypothesized	hypothesize	VERB
ajfa-8493	115	22	that	that	SCONJ
ajfa-8493	115	23	"	"	PUNCT
ajfa-8493	115	24	tabular	tabular	PROPN
ajfa-8493	115	25	disclosures	disclosure	NOUN
ajfa-8493	115	26	"	"	PUNCT
ajfa-8493	115	27	can	can	AUX
ajfa-8493	115	28	provide	provide	VERB
ajfa-8493	115	29	additional	additional	ADJ
ajfa-8493	115	30	information	information	NOUN
ajfa-8493	115	31	about	about	ADP
ajfa-8493	115	32	company	company	NOUN
ajfa-8493	115	33	risk	risk	NOUN
ajfa-8493	115	34	,	,	PUNCT
ajfa-8493	115	35	and	and	CCONJ
ajfa-8493	115	36	influence	influence	VERB
ajfa-8493	115	37	the	the	DET
ajfa-8493	115	38	assessment	assessment	NOUN
ajfa-8493	115	39	of	of	ADP
ajfa-8493	115	40	credit	credit	NOUN
ajfa-8493	115	41	risk	risk	NOUN
ajfa-8493	115	42	by	by	ADP
ajfa-8493	115	43	credit	credit	NOUN
ajfa-8493	115	44	rating	rating	NOUN
ajfa-8493	115	45	agencies	agency	NOUN
ajfa-8493	115	46	,	,	PUNCT
ajfa-8493	115	47	public	public	ADJ
ajfa-8493	115	48	bond	bond	NOUN
ajfa-8493	115	49	holders	holder	NOUN
ajfa-8493	115	50	,	,	PUNCT
ajfa-8493	115	51	and	and	CCONJ
ajfa-8493	115	52	private	private	ADJ
ajfa-8493	115	53	loan	loan	NOUN
ajfa-8493	115	54	lenders	lender	NOUN
ajfa-8493	115	55	,	,	PUNCT
ajfa-8493	115	56	we	we	PRON
ajfa-8493	115	57	either	either	CCONJ
ajfa-8493	115	58	provide	provide	VERB
ajfa-8493	115	59	additional	additional	ADJ
ajfa-8493	115	60	practical	practical	ADJ
ajfa-8493	115	61	evidences	evidence	NOUN
ajfa-8493	115	62	on	on	ADP
ajfa-8493	115	63	the	the	DET
ajfa-8493	115	64	upcoming	upcoming	ADJ
ajfa-8493	115	65	lease	lease	NOUN
ajfa-8493	115	66	accounting	accounting	NOUN
ajfa-8493	115	67	regulations	regulation	NOUN
ajfa-8493	115	68	usefulness	usefulness	NOUN
ajfa-8493	115	69	,	,	PUNCT
ajfa-8493	115	70	applying	apply	VERB
ajfa-8493	115	71	these	these	DET
ajfa-8493	115	72	regulations	regulation	NOUN
ajfa-8493	115	73	to	to	PART
ajfa-8493	115	74	firmsrelay	firmsrelay	VERB
ajfa-8493	115	75	heavily	heavily	ADV
ajfa-8493	115	76	on	on	ADP
ajfa-8493	115	77	long	long	ADJ
ajfa-8493	115	78	term	term	NOUN
ajfa-8493	115	79	operation	operation	NOUN
ajfa-8493	115	80	lease	lease	NOUN
ajfa-8493	115	81	resulted	result	VERB
ajfa-8493	115	82	in	in	ADP
ajfa-8493	115	83	a	a	DET
ajfa-8493	115	84	positive	positive	ADJ
ajfa-8493	115	85	change	change	NOUN
ajfa-8493	115	86	in	in	ADP
ajfa-8493	115	87	rj	rj	PROPN
ajfa-8493	115	88	credit	credit	NOUN
ajfa-8493	115	89	rating	rating	NOUN
ajfa-8493	115	90	,	,	PUNCT
ajfa-8493	115	91	even	even	ADV
ajfa-8493	115	92	with	with	ADP
ajfa-8493	115	93	5	5	NUM
ajfa-8493	115	94	%	%	NOUN
ajfa-8493	115	95	financial	financial	ADJ
ajfa-8493	115	96	lease	lease	NOUN
ajfa-8493	115	97	interest	interest	NOUN
ajfa-8493	115	98	,	,	PUNCT
ajfa-8493	115	99	which	which	PRON
ajfa-8493	115	100	its	its	PRON
ajfa-8493	115	101	higher	high	ADJ
ajfa-8493	115	102	than	than	ADP
ajfa-8493	115	103	.022	.022	NUM
ajfa-8493	115	104	%	%	NOUN
ajfa-8493	115	105	return	return	NOUN
ajfa-8493	115	106	on	on	ADP
ajfa-8493	115	107	debt	debt	NOUN
ajfa-8493	115	108	and	and	CCONJ
ajfa-8493	115	109	with	with	ADP
ajfa-8493	115	110	10.89	10.89	NUM
ajfa-8493	115	111	%	%	NOUN
ajfa-8493	115	112	return	return	NOUN
ajfa-8493	115	113	on	on	ADP
ajfa-8493	115	114	equity	equity	NOUN
ajfa-8493	115	115	.	.	PUNCT
ajfa-8493	116	1	2002	2002	NUM
ajfa-8493	116	2	2003	2003	NUM
ajfa-8493	116	3	2004	2004	NUM
ajfa-8493	116	4	2005	2005	NUM
ajfa-8493	116	5	2006	2006	NUM
ajfa-8493	116	6	2007	2007	NUM
ajfa-8493	116	7	2008	2008	NUM
ajfa-8493	116	8	2009	2009	NUM
ajfa-8493	116	9	2010	2010	NUM
ajfa-8493	116	10	2011	2011	NUM
ajfa-8493	116	11	2012	2012	NUM
ajfa-8493	116	12	2013	2013	NUM
ajfa-8493	116	13	2014	2014	NUM
ajfa-8493	116	14	wacc	wacc	PROPN
ajfa-8493	116	15	3.060	3.060	NUM
ajfa-8493	116	16	3.250	3.250	NUM
ajfa-8493	116	17	4.996	4.996	NUM
ajfa-8493	116	18	6.380	6.380	NUM
ajfa-8493	116	19	7.034	7.034	NUM
ajfa-8493	116	20	7.216	7.216	NUM
ajfa-8493	116	21	5.801	5.801	NUM
ajfa-8493	116	22	6.243	6.243	NUM
ajfa-8493	116	23	6.701	6.701	NUM
ajfa-8493	116	24	4.082	4.082	NUM
ajfa-8493	116	25	3.216	3.216	NUM
ajfa-8493	116	26	0.994	0.994	NUM
ajfa-8493	116	27	-1.286	-1.286	NOUN
ajfa-8493	116	28	ad.wacc	ad.wacc	ADP
ajfa-8493	116	29	3.183	3.183	NUM
ajfa-8493	116	30	3.697	3.697	NUM
ajfa-8493	116	31	3.106	3.106	NUM
ajfa-8493	116	32	4.150	4.150	NUM
ajfa-8493	116	33	3.906	3.906	NUM
ajfa-8493	116	34	3.689	3.689	NUM
ajfa-8493	116	35	2.267	2.267	NUM
ajfa-8493	116	36	2.418	2.418	NUM
ajfa-8493	116	37	2.417	2.417	NUM
ajfa-8493	116	38	1.038	1.038	NUM
ajfa-8493	116	39	0.927	0.927	NUM
ajfa-8493	116	40	0.168	0.168	NUM
ajfa-8493	116	41	-0.302	-0.302	PUNCT
ajfa-8493	116	42	3	3	NUM
ajfa-8493	116	43	.	.	NOUN
ajfa-8493	116	44	06	06	NUM
ajfa-8493	116	45	0	0	NUM
ajfa-8493	116	46	3	3	NUM
ajfa-8493	116	47	.	.	X
ajfa-8493	116	48	25	25	NUM
ajfa-8493	116	49	0	0	NUM
ajfa-8493	116	50	4	4	NUM
ajfa-8493	116	51	.	.	X
ajfa-8493	116	52	99	99	NUM
ajfa-8493	116	53	6	6	NUM
ajfa-8493	116	54	6	6	NUM
ajfa-8493	116	55	.	.	PUNCT
ajfa-8493	117	1	38	38	NUM
ajfa-8493	117	2	0	0	NUM
ajfa-8493	117	3	7	7	NUM
ajfa-8493	117	4	.	.	NOUN
ajfa-8493	117	5	03	03	NUM
ajfa-8493	117	6	4	4	NUM
ajfa-8493	117	7	7	7	NUM
ajfa-8493	117	8	.	.	NUM
ajfa-8493	117	9	21	21	NUM
ajfa-8493	117	10	6	6	NUM
ajfa-8493	117	11	5	5	NUM
ajfa-8493	117	12	.	.	NOUN
ajfa-8493	117	13	80	80	NUM
ajfa-8493	117	14	1	1	NUM
ajfa-8493	117	15	6	6	NUM
ajfa-8493	117	16	.	.	NUM
ajfa-8493	117	17	24	24	NUM
ajfa-8493	117	18	3	3	NUM
ajfa-8493	117	19	6	6	NUM
ajfa-8493	117	20	.	.	PUNCT
ajfa-8493	117	21	70	70	NUM
ajfa-8493	117	22	1	1	NUM
ajfa-8493	117	23	4	4	NUM
ajfa-8493	117	24	.	.	NUM
ajfa-8493	117	25	08	08	NUM
ajfa-8493	117	26	2	2	NUM
ajfa-8493	117	27	3	3	NUM
ajfa-8493	117	28	.	.	NOUN
ajfa-8493	117	29	21	21	NUM
ajfa-8493	117	30	6	6	NUM
ajfa-8493	117	31	0	0	NUM
ajfa-8493	117	32	.	.	PUNCT
ajfa-8493	118	1	99	99	NUM
ajfa-8493	118	2	4	4	NUM
ajfa-8493	118	3	-1	-1	NOUN
ajfa-8493	118	4	.2	.2	NUM
ajfa-8493	118	5	86	86	NUM
ajfa-8493	118	6	3	3	NUM
ajfa-8493	118	7	.	.	NOUN
ajfa-8493	118	8	18	18	NUM
ajfa-8493	118	9	3	3	NUM
ajfa-8493	118	10	3	3	NUM
ajfa-8493	118	11	.	.	NOUN
ajfa-8493	118	12	69	69	NUM
ajfa-8493	118	13	7	7	NUM
ajfa-8493	118	14	3	3	NUM
ajfa-8493	118	15	.	.	NOUN
ajfa-8493	118	16	10	10	NUM
ajfa-8493	118	17	6	6	NUM
ajfa-8493	118	18	4	4	NUM
ajfa-8493	118	19	.	.	NOUN
ajfa-8493	119	1	15	15	NUM
ajfa-8493	119	2	0	0	NUM
ajfa-8493	119	3	3	3	NUM
ajfa-8493	119	4	.	.	NOUN
ajfa-8493	119	5	90	90	NUM
ajfa-8493	119	6	6	6	NUM
ajfa-8493	119	7	3	3	NUM
ajfa-8493	119	8	.	.	PUNCT
ajfa-8493	119	9	68	68	NUM
ajfa-8493	119	10	9	9	NUM
ajfa-8493	119	11	2	2	NUM
ajfa-8493	119	12	.	.	NOUN
ajfa-8493	119	13	26	26	NUM
ajfa-8493	119	14	7	7	NUM
ajfa-8493	119	15	2	2	NUM
ajfa-8493	119	16	.	.	NOUN
ajfa-8493	119	17	41	41	NUM
ajfa-8493	119	18	8	8	NUM
ajfa-8493	119	19	2	2	NUM
ajfa-8493	119	20	.	.	NOUN
ajfa-8493	119	21	41	41	NUM
ajfa-8493	119	22	7	7	NUM
ajfa-8493	119	23	1	1	NUM
ajfa-8493	119	24	.	.	NOUN
ajfa-8493	119	25	03	03	NUM
ajfa-8493	120	1	8	8	NUM
ajfa-8493	120	2	0	0	NUM
ajfa-8493	120	3	.	.	PUNCT
ajfa-8493	121	1	92	92	NUM
ajfa-8493	121	2	7	7	NUM
ajfa-8493	121	3	0	0	NUM
ajfa-8493	121	4	.	.	PUNCT
ajfa-8493	122	1	16	16	NUM
ajfa-8493	122	2	8	8	NUM
ajfa-8493	122	3	-0	-0	SYM
ajfa-8493	122	4	.3	.3	NUM
ajfa-8493	122	5	02	02	NUM
ajfa-8493	122	6	-2.000	-2.000	NUM
ajfa-8493	122	7	-1.000	-1.000	NUM
ajfa-8493	122	8	0.000	0.000	NUM
ajfa-8493	122	9	1.000	1.000	NUM
ajfa-8493	122	10	2.000	2.000	NUM
ajfa-8493	122	11	3.000	3.000	NUM
ajfa-8493	122	12	4.000	4.000	NUM
ajfa-8493	122	13	5.000	5.000	NUM
ajfa-8493	122	14	6.000	6.000	NUM
ajfa-8493	122	15	7.000	7.000	NUM
ajfa-8493	122	16	8.000	8.000	NUM
ajfa-8493	122	17	asian	asian	ADJ
ajfa-8493	122	18	journal	journal	NOUN
ajfa-8493	122	19	of	of	ADP
ajfa-8493	122	20	finance	finance	PROPN
ajfa-8493	122	21	&	&	CCONJ
ajfa-8493	122	22	accounting	accounting	PROPN
ajfa-8493	122	23	issn	issn	PROPN
ajfa-8493	122	24	1946	1946	NUM
ajfa-8493	122	25	-	-	PUNCT
ajfa-8493	122	26	052x	052x	NOUN
ajfa-8493	122	27	2015	2015	NUM
ajfa-8493	122	28	,	,	PUNCT
ajfa-8493	122	29	vol	vol	NOUN
ajfa-8493	122	30	.	.	PROPN
ajfa-8493	122	31	7	7	NUM
ajfa-8493	122	32	,	,	PUNCT
ajfa-8493	122	33	no	no	INTJ
ajfa-8493	122	34	.	.	NOUN
ajfa-8493	122	35	2	2	NUM
ajfa-8493	122	36	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-8493	122	37	12	12	NUM
ajfa-8493	122	38	figure	figure	NOUN
ajfa-8493	122	39	3.capital	3.capital	NUM
ajfa-8493	122	40	structure	structure	NOUN
ajfa-8493	122	41	after	after	ADP
ajfa-8493	122	42	capitalization	capitalization	NOUN
ajfa-8493	122	43	5	5	NUM
ajfa-8493	122	44	.	.	PUNCT
ajfa-8493	122	45	conclusion	conclusion	NOUN
ajfa-8493	122	46	in	in	ADP
ajfa-8493	122	47	light	light	NOUN
ajfa-8493	122	48	of	of	ADP
ajfa-8493	122	49	thelease	thelease	NOUN
ajfa-8493	122	50	accounting	accounting	NOUN
ajfa-8493	122	51	reform	reform	NOUN
ajfa-8493	122	52	upcoming	upcoming	ADJ
ajfa-8493	122	53	regulations	regulation	NOUN
ajfa-8493	123	1	,	,	PUNCT
ajfa-8493	123	2	we	we	PRON
ajfa-8493	123	3	have	have	AUX
ajfa-8493	123	4	reviewed	review	VERB
ajfa-8493	123	5	some	some	PRON
ajfa-8493	123	6	of	of	ADP
ajfa-8493	123	7	possible	possible	ADJ
ajfa-8493	123	8	impacts	impact	NOUN
ajfa-8493	123	9	of	of	ADP
ajfa-8493	123	10	operation	operation	NOUN
ajfa-8493	123	11	lease	lease	NOUN
ajfa-8493	123	12	capitalization	capitalization	NOUN
ajfa-8493	123	13	on	on	ADP
ajfa-8493	123	14	capital	capital	NOUN
ajfa-8493	123	15	structure	structure	NOUN
ajfa-8493	123	16	,	,	PUNCT
ajfa-8493	123	17	financial	financial	ADJ
ajfa-8493	123	18	risk	risk	NOUN
ajfa-8493	123	19	,	,	PUNCT
ajfa-8493	123	20	equity	equity	NOUN
ajfa-8493	123	21	risk	risk	NOUN
ajfa-8493	123	22	,	,	PUNCT
ajfa-8493	123	23	and	and	CCONJ
ajfa-8493	123	24	cost	cost	NOUN
ajfa-8493	123	25	of	of	ADP
ajfa-8493	123	26	capital	capital	NOUN
ajfa-8493	123	27	measurement	measurement	NOUN
ajfa-8493	123	28	.	.	PUNCT
ajfa-8493	124	1	taking	take	VERB
ajfa-8493	124	2	in	in	ADP
ajfa-8493	124	3	account	account	NOUN
ajfa-8493	124	4	the	the	DET
ajfa-8493	124	5	credit	credit	NOUN
ajfa-8493	124	6	rating	rating	NOUN
ajfa-8493	124	7	crucial	crucial	ADJ
ajfa-8493	124	8	role	role	NOUN
ajfa-8493	124	9	in	in	ADP
ajfa-8493	124	10	investors	investor	NOUN
ajfa-8493	124	11	and	and	CCONJ
ajfa-8493	124	12	lenders	lender	NOUN
ajfa-8493	124	13	credit	credit	NOUN
ajfa-8493	124	14	providing	providing	NOUN
ajfa-8493	124	15	,	,	PUNCT
ajfa-8493	124	16	providing	provide	VERB
ajfa-8493	124	17	evidence	evidence	NOUN
ajfa-8493	124	18	lease	lease	NOUN
ajfa-8493	124	19	accounting	accounting	NOUN
ajfa-8493	124	20	reform	reform	NOUN
ajfa-8493	124	21	is	be	AUX
ajfa-8493	124	22	an	an	DET
ajfa-8493	124	23	issue	issue	NOUN
ajfa-8493	124	24	since	since	SCONJ
ajfa-8493	124	25	the	the	DET
ajfa-8493	124	26	sixties	sixty	NOUN
ajfa-8493	124	27	of	of	ADP
ajfa-8493	124	28	last	last	ADJ
ajfa-8493	124	29	century	century	NOUN
ajfa-8493	124	30	,	,	PUNCT
ajfa-8493	124	31	many	many	ADJ
ajfa-8493	124	32	of	of	ADP
ajfa-8493	124	33	these	these	DET
ajfa-8493	124	34	attempts	attempt	NOUN
ajfa-8493	124	35	have	have	AUX
ajfa-8493	124	36	been	be	AUX
ajfa-8493	124	37	insufficient	insufficient	ADJ
ajfa-8493	124	38	owing	owe	VERB
ajfa-8493	124	39	to	to	ADP
ajfa-8493	124	40	the	the	DET
ajfa-8493	124	41	fact	fact	NOUN
ajfa-8493	124	42	of	of	ADP
ajfa-8493	124	43	hidden	hidden	ADJ
ajfa-8493	124	44	information	information	NOUN
ajfa-8493	124	45	about	about	ADP
ajfa-8493	124	46	operation	operation	NOUN
ajfa-8493	124	47	lease	lease	NOUN
ajfa-8493	124	48	activities	activity	NOUN
ajfa-8493	124	49	.	.	PUNCT
ajfa-8493	125	1	due	due	ADP
ajfa-8493	125	2	to	to	ADP
ajfa-8493	125	3	the	the	DET
ajfa-8493	125	4	nature	nature	NOUN
ajfa-8493	125	5	of	of	ADP
ajfa-8493	125	6	data	datum	NOUN
ajfa-8493	125	7	and	and	CCONJ
ajfa-8493	125	8	information	information	NOUN
ajfa-8493	125	9	we	we	PRON
ajfa-8493	125	10	have	have	AUX
ajfa-8493	125	11	used	use	VERB
ajfa-8493	125	12	,	,	PUNCT
ajfa-8493	125	13	we	we	PRON
ajfa-8493	125	14	believe	believe	VERB
ajfa-8493	125	15	that	that	SCONJ
ajfa-8493	125	16	we	we	PRON
ajfa-8493	125	17	have	have	AUX
ajfa-8493	125	18	provided	provide	VERB
ajfa-8493	125	19	a	a	DET
ajfa-8493	125	20	practically	practically	ADV
ajfa-8493	125	21	accurate	accurate	ADJ
ajfa-8493	125	22	evidence	evidence	NOUN
ajfa-8493	125	23	on	on	ADP
ajfa-8493	125	24	some	some	PRON
ajfa-8493	125	25	of	of	ADP
ajfa-8493	125	26	operation	operation	NOUN
ajfa-8493	125	27	lease	lease	NOUN
ajfa-8493	125	28	capitalization	capitalization	NOUN
ajfa-8493	125	29	economic	economic	ADJ
ajfa-8493	125	30	consequences	consequence	NOUN
ajfa-8493	125	31	,	,	PUNCT
ajfa-8493	125	32	particularly	particularly	ADV
ajfa-8493	125	33	on	on	ADP
ajfa-8493	125	34	capital	capital	NOUN
ajfa-8493	125	35	structure	structure	NOUN
ajfa-8493	125	36	and	and	CCONJ
ajfa-8493	125	37	wacc	wacc	NOUN
ajfa-8493	125	38	which	which	PRON
ajfa-8493	125	39	it	it	PRON
ajfa-8493	125	40	is	be	AUX
ajfa-8493	125	41	being	be	AUX
ajfa-8493	125	42	used	use	VERB
ajfa-8493	125	43	in	in	ADP
ajfa-8493	125	44	credit	credit	NOUN
ajfa-8493	125	45	rating	rating	NOUN
ajfa-8493	125	46	.	.	PUNCT
ajfa-8493	126	1	results	result	NOUN
ajfa-8493	126	2	indicate	indicate	VERB
ajfa-8493	126	3	that	that	DET
ajfa-8493	126	4	operation	operation	NOUN
ajfa-8493	126	5	lease	lease	NOUN
ajfa-8493	126	6	capitalization	capitalization	NOUN
ajfa-8493	126	7	has	have	VERB
ajfa-8493	126	8	a	a	DET
ajfa-8493	126	9	positive	positive	ADJ
ajfa-8493	126	10	impact	impact	NOUN
ajfa-8493	126	11	on	on	ADP
ajfa-8493	126	12	credit	credit	NOUN
ajfa-8493	126	13	rating	rating	NOUN
ajfa-8493	126	14	wacc	wacc	PROPN
ajfa-8493	126	15	,	,	PUNCT
ajfa-8493	126	16	which	which	PRON
ajfa-8493	126	17	isconsistent	isconsistent	VERB
ajfa-8493	126	18	with	with	ADP
ajfa-8493	126	19	the	the	DET
ajfa-8493	126	20	boards	board	NOUN
ajfa-8493	126	21	(	(	PUNCT
ajfa-8493	126	22	iasb	iasb	NOUN
ajfa-8493	126	23	&	&	CCONJ
ajfa-8493	126	24	fasb	fasb	NOUN
ajfa-8493	126	25	)	)	PUNCT
ajfa-8493	126	26	believe	believe	VERB
ajfa-8493	126	27	,	,	PUNCT
ajfa-8493	126	28	investors	investor	NOUN
ajfa-8493	126	29	and	and	CCONJ
ajfa-8493	126	30	credit	credit	NOUN
ajfa-8493	126	31	holder	holder	NOUN
ajfa-8493	126	32	's	's	PART
ajfa-8493	126	33	right	right	NOUN
ajfa-8493	126	34	to	to	PART
ajfa-8493	126	35	obtain	obtain	VERB
ajfa-8493	126	36	a	a	DET
ajfa-8493	126	37	full	full	ADJ
ajfa-8493	126	38	transparent	transparent	ADJ
ajfa-8493	126	39	picture	picture	NOUN
ajfa-8493	126	40	about	about	ADP
ajfa-8493	126	41	firms	firm	NOUN
ajfa-8493	126	42	lease	lease	NOUN
ajfa-8493	126	43	activities	activity	NOUN
ajfa-8493	126	44	in	in	ADP
ajfa-8493	126	45	benefit	benefit	NOUN
ajfa-8493	126	46	of	of	ADP
ajfa-8493	126	47	all	all	DET
ajfa-8493	126	48	parties	party	NOUN
ajfa-8493	126	49	.	.	PUNCT
ajfa-8493	127	1	acknowledgement	acknowledgement	NOUN
ajfa-8493	127	2	the	the	DET
ajfa-8493	127	3	research	research	NOUN
ajfa-8493	127	4	is	be	AUX
ajfa-8493	127	5	financed	finance	VERB
ajfa-8493	127	6	by	by	ADP
ajfa-8493	127	7	jadara	jadara	PROPN
ajfa-8493	127	8	university	university	PROPN
ajfa-8493	127	9	,	,	PUNCT
ajfa-8493	127	10	irbid	irbid	PROPN
ajfa-8493	127	11	,	,	PUNCT
ajfa-8493	127	12	jordan	jordan	PROPN
ajfa-8493	127	13	references	reference	NOUN
ajfa-8493	127	14	altamuro	altamuro	PROPN
ajfa-8493	127	15	,	,	PUNCT
ajfa-8493	127	16	jennifer	jennifer	PROPN
ajfa-8493	127	17	lynne	lynne	PROPN
ajfa-8493	127	18	m.	m.	PROPN
ajfa-8493	127	19	,	,	PUNCT
ajfa-8493	127	20	johnston	johnston	PROPN
ajfa-8493	127	21	,	,	PUNCT
ajfa-8493	127	22	rick	rick	PROPN
ajfa-8493	127	23	m.	m.	PROPN
ajfa-8493	127	24	,	,	PUNCT
ajfa-8493	127	25	pandit	pandit	PROPN
ajfa-8493	127	26	,	,	PUNCT
ajfa-8493	127	27	shailendra	shailendra	PROPN
ajfa-8493	127	28	,	,	PUNCT
ajfa-8493	127	29	&	&	CCONJ
ajfa-8493	127	30	zhang	zhang	PROPN
ajfa-8493	127	31	,	,	PUNCT
ajfa-8493	127	32	haiwen	haiwen	NOUN
ajfa-8493	127	33	.	.	PUNCT
ajfa-8493	128	1	(	(	PUNCT
ajfa-8493	128	2	2012	2012	NUM
ajfa-8493	128	3	)	)	PUNCT
ajfa-8493	128	4	.	.	PUNCT
ajfa-8493	129	1	operating	operate	VERB
ajfa-8493	129	2	leases	lease	NOUN
ajfa-8493	129	3	and	and	CCONJ
ajfa-8493	129	4	credit	credit	NOUN
ajfa-8493	129	5	assessments	assessment	NOUN
ajfa-8493	129	6	.	.	PUNCT
ajfa-8493	130	1	rochester	rochester	NOUN
ajfa-8493	130	2	:	:	PUNCT
ajfa-8493	130	3	social	social	ADJ
ajfa-8493	130	4	science	science	NOUN
ajfa-8493	130	5	research	research	NOUN
ajfa-8493	130	6	network	network	NOUN
ajfa-8493	130	7	.	.	PUNCT
ajfa-8493	131	1	beattie	beattie	PROPN
ajfa-8493	131	2	,	,	PUNCT
ajfa-8493	131	3	vivien	vivien	PROPN
ajfa-8493	131	4	,	,	PUNCT
ajfa-8493	131	5	edwards	edwards	PROPN
ajfa-8493	131	6	,	,	PUNCT
ajfa-8493	131	7	keith	keith	PROPN
ajfa-8493	131	8	,	,	PUNCT
ajfa-8493	131	9	&	&	CCONJ
ajfa-8493	131	10	goodacre	goodacre	PROPN
ajfa-8493	131	11	,	,	PUNCT
ajfa-8493	131	12	alan	alan	PROPN
ajfa-8493	131	13	.	.	PUNCT
ajfa-8493	132	1	(	(	PUNCT
ajfa-8493	132	2	1998	1998	NUM
ajfa-8493	132	3	)	)	PUNCT
ajfa-8493	132	4	.	.	PUNCT
ajfa-8493	133	1	the	the	DET
ajfa-8493	133	2	impact	impact	NOUN
ajfa-8493	133	3	of	of	ADP
ajfa-8493	133	4	constructive	constructive	ADJ
ajfa-8493	133	5	operating	operating	NOUN
ajfa-8493	133	6	lease	lease	NOUN
ajfa-8493	133	7	capitalisation	capitalisation	NOUN
ajfa-8493	133	8	on	on	ADP
ajfa-8493	133	9	key	key	ADJ
ajfa-8493	133	10	accounting	accounting	NOUN
ajfa-8493	133	11	ratios	ratio	NOUN
ajfa-8493	133	12	.	.	PUNCT
ajfa-8493	134	1	accounting	accounting	NOUN
ajfa-8493	134	2	and	and	CCONJ
ajfa-8493	134	3	business	business	NOUN
ajfa-8493	134	4	research	research	NOUN
ajfa-8493	134	5	,	,	PUNCT
ajfa-8493	134	6	28(4	28(4	NUM
ajfa-8493	134	7	)	)	PUNCT
ajfa-8493	134	8	,	,	PUNCT
ajfa-8493	134	9	233	233	NUM
ajfa-8493	134	10	-	-	SYM
ajfa-8493	134	11	254	254	NUM
ajfa-8493	134	12	.	.	PUNCT
ajfa-8493	135	1	http://dx.doi.org/10.1080/00014788.1998.9728913	http://dx.doi.org/10.1080/00014788.1998.9728913	PROPN
ajfa-8493	135	2	-0.100	-0.100	PUNCT
ajfa-8493	135	3	0.000	0.000	NUM
ajfa-8493	135	4	0.100	0.100	NUM
ajfa-8493	135	5	0.200	0.200	NUM
ajfa-8493	135	6	0.300	0.300	NUM
ajfa-8493	135	7	0.400	0.400	NUM
ajfa-8493	135	8	0.500	0.500	NUM
ajfa-8493	135	9	0.600	0.600	NUM
ajfa-8493	135	10	0.700	0.700	NUM
ajfa-8493	135	11	0.800	0.800	NUM
ajfa-8493	135	12	0.900	0.900	NUM
ajfa-8493	135	13	2002	2002	NUM
ajfa-8493	135	14	2003	2003	NUM
ajfa-8493	135	15	2004	2004	NUM
ajfa-8493	135	16	2005	2005	NUM
ajfa-8493	135	17	2006	2006	NUM
ajfa-8493	135	18	2007	2007	NUM
ajfa-8493	135	19	2008	2008	NUM
ajfa-8493	135	20	2009	2009	NUM
ajfa-8493	135	21	2010	2010	NUM
ajfa-8493	135	22	2011	2011	NUM
ajfa-8493	135	23	2012	2012	NUM
ajfa-8493	135	24	2013	2013	NUM
ajfa-8493	135	25	2014	2014	NUM
ajfa-8493	135	26	after	after	ADP
ajfa-8493	135	27	capitalization	capitalization	NOUN
ajfa-8493	135	28	"	"	PUNCT
ajfa-8493	135	29	capital	capital	NOUN
ajfa-8493	135	30	structure	structure	NOUN
ajfa-8493	135	31	"	"	PUNCT
ajfa-8493	135	32	ad.d/(d+e+col	ad.d/(d+e+col	NOUN
ajfa-8493	135	33	)	)	PUNCT
ajfa-8493	135	34	ad.e/(d+e+col	ad.e/(d+e+col	NOUN
ajfa-8493	135	35	)	)	PUNCT
ajfa-8493	135	36	url(col)/e+d+col	url(col)/e+d+col	PROPN
ajfa-8493	135	37	)	)	PUNCT
ajfa-8493	135	38	asian	asian	ADJ
ajfa-8493	135	39	journal	journal	NOUN
ajfa-8493	135	40	of	of	ADP
ajfa-8493	135	41	finance	finance	PROPN
ajfa-8493	135	42	&	&	CCONJ
ajfa-8493	135	43	accounting	accounting	PROPN
ajfa-8493	135	44	issn	issn	PROPN
ajfa-8493	135	45	1946	1946	NUM
ajfa-8493	135	46	-	-	PUNCT
ajfa-8493	135	47	052x	052x	NOUN
ajfa-8493	135	48	2015	2015	NUM
ajfa-8493	135	49	,	,	PUNCT
ajfa-8493	135	50	vol	vol	NOUN
ajfa-8493	135	51	.	.	PROPN
ajfa-8493	135	52	7	7	NUM
ajfa-8493	135	53	,	,	PUNCT
ajfa-8493	135	54	no	no	INTJ
ajfa-8493	135	55	.	.	NOUN
ajfa-8493	135	56	2	2	NUM
ajfa-8493	135	57	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-8493	135	58	13	13	NUM
ajfa-8493	135	59	beattie	beattie	NOUN
ajfa-8493	135	60	,	,	PUNCT
ajfa-8493	135	61	vivien	vivien	PROPN
ajfa-8493	135	62	,	,	PUNCT
ajfa-8493	135	63	goodacre	goodacre	PROPN
ajfa-8493	135	64	,	,	PUNCT
ajfa-8493	135	65	alan	alan	PROPN
ajfa-8493	135	66	,	,	PUNCT
ajfa-8493	135	67	&	&	CCONJ
ajfa-8493	135	68	thomson	thomson	PROPN
ajfa-8493	135	69	,	,	PUNCT
ajfa-8493	135	70	sarah	sarah	PROPN
ajfa-8493	135	71	.	.	PUNCT
ajfa-8493	135	72	(	(	PUNCT
ajfa-8493	135	73	2000a	2000a	NUM
ajfa-8493	135	74	)	)	PUNCT
ajfa-8493	135	75	.	.	PUNCT
ajfa-8493	136	1	operating	operate	VERB
ajfa-8493	136	2	leases	lease	NOUN
ajfa-8493	136	3	and	and	CCONJ
ajfa-8493	136	4	the	the	DET
ajfa-8493	136	5	assessment	assessment	NOUN
ajfa-8493	136	6	of	of	ADP
ajfa-8493	136	7	lease	lease	NOUN
ajfa-8493	136	8	-	-	PUNCT
ajfa-8493	136	9	debt	debt	NOUN
ajfa-8493	136	10	substitutability	substitutability	NOUN
ajfa-8493	136	11	.	.	PUNCT
ajfa-8493	137	1	journal	journal	NOUN
ajfa-8493	137	2	of	of	ADP
ajfa-8493	137	3	banking	banking	NOUN
ajfa-8493	137	4	&	&	CCONJ
ajfa-8493	137	5	finance	finance	PROPN
ajfa-8493	137	6	,	,	PUNCT
ajfa-8493	137	7	24(3	24(3	NUM
ajfa-8493	137	8	)	)	PUNCT
ajfa-8493	137	9	,	,	PUNCT
ajfa-8493	137	10	427	427	NUM
ajfa-8493	137	11	-	-	SYM
ajfa-8493	137	12	470	470	NUM
ajfa-8493	137	13	.	.	PUNCT
ajfa-8493	138	1	http://dx.doi.org/10.1016/s0378-4266(99)00045-x	http://dx.doi.org/10.1016/s0378-4266(99)00045-x	PROPN
ajfa-8493	138	2	beattie	beattie	PROPN
ajfa-8493	138	3	,	,	PUNCT
ajfa-8493	138	4	vivien	vivien	PROPN
ajfa-8493	138	5	,	,	PUNCT
ajfa-8493	138	6	goodacre	goodacre	PROPN
ajfa-8493	138	7	,	,	PUNCT
ajfa-8493	138	8	alan	alan	PROPN
ajfa-8493	138	9	,	,	PUNCT
ajfa-8493	138	10	&	&	CCONJ
ajfa-8493	138	11	thomson	thomson	PROPN
ajfa-8493	138	12	,	,	PUNCT
ajfa-8493	138	13	sarah	sarah	PROPN
ajfa-8493	138	14	.	.	PUNCT
ajfa-8493	139	1	(	(	PUNCT
ajfa-8493	139	2	2000b	2000b	NUM
ajfa-8493	139	3	)	)	PUNCT
ajfa-8493	139	4	.	.	PUNCT
ajfa-8493	140	1	recognition	recognition	NOUN
ajfa-8493	140	2	versus	versus	ADP
ajfa-8493	140	3	disclosure	disclosure	NOUN
ajfa-8493	140	4	:	:	PUNCT
ajfa-8493	140	5	an	an	DET
ajfa-8493	140	6	investigation	investigation	NOUN
ajfa-8493	140	7	of	of	ADP
ajfa-8493	140	8	the	the	DET
ajfa-8493	140	9	impact	impact	NOUN
ajfa-8493	140	10	on	on	ADP
ajfa-8493	140	11	equity	equity	NOUN
ajfa-8493	140	12	risk	risk	NOUN
ajfa-8493	140	13	using	use	VERB
ajfa-8493	140	14	uk	uk	PROPN
ajfa-8493	140	15	operating	operating	NOUN
ajfa-8493	140	16	lease	lease	NOUN
ajfa-8493	140	17	disclosures	disclosure	NOUN
ajfa-8493	140	18	.	.	PUNCT
ajfa-8493	141	1	journal	journal	PROPN
ajfa-8493	141	2	of	of	ADP
ajfa-8493	141	3	business	business	NOUN
ajfa-8493	141	4	finance	finance	PROPN
ajfa-8493	141	5	&	&	CCONJ
ajfa-8493	141	6	accounting	accounting	PROPN
ajfa-8493	141	7	,	,	PUNCT
ajfa-8493	141	8	27(9/10	27(9/10	PROPN
ajfa-8493	141	9	)	)	PUNCT
ajfa-8493	141	10	,	,	PUNCT
ajfa-8493	141	11	1185	1185	NUM
ajfa-8493	141	12	-	-	SYM
ajfa-8493	141	13	1224	1224	NUM
ajfa-8493	141	14	.	.	PUNCT
ajfa-8493	142	1	http://dx.doi.org/10.1111/1468-5957.00352	http://dx.doi.org/10.1111/1468-5957.00352	NUM
ajfa-8493	142	2	bostwick	bostwick	PROPN
ajfa-8493	142	3	,	,	PUNCT
ajfa-8493	142	4	eric	eric	PROPN
ajfa-8493	142	5	d.	d.	PROPN
ajfa-8493	142	6	,	,	PUNCT
ajfa-8493	142	7	fahnestock	fahnestock	PROPN
ajfa-8493	142	8	,	,	PUNCT
ajfa-8493	142	9	robert	robert	PROPN
ajfa-8493	142	10	t.	t.	PROPN
ajfa-8493	142	11	,	,	PUNCT
ajfa-8493	142	12	&	&	CCONJ
ajfa-8493	142	13	o'keefe	o'keefe	PROPN
ajfa-8493	142	14	,	,	PUNCT
ajfa-8493	142	15	w.	w.	PROPN
ajfa-8493	142	16	timothy	timothy	PROPN
ajfa-8493	142	17	.	.	PUNCT
ajfa-8493	143	1	(	(	PUNCT
ajfa-8493	143	2	2013	2013	NUM
ajfa-8493	143	3	)	)	PUNCT
ajfa-8493	143	4	.	.	PUNCT
ajfa-8493	144	1	effects	effect	NOUN
ajfa-8493	144	2	of	of	ADP
ajfa-8493	144	3	lease	lease	NOUN
ajfa-8493	144	4	capitalization	capitalization	NOUN
ajfa-8493	144	5	techniques	technique	NOUN
ajfa-8493	144	6	on	on	ADP
ajfa-8493	144	7	key	key	ADJ
ajfa-8493	144	8	measures	measure	NOUN
ajfa-8493	144	9	of	of	ADP
ajfa-8493	144	10	financial	financial	ADJ
ajfa-8493	144	11	performance	performance	NOUN
ajfa-8493	144	12	.	.	PUNCT
ajfa-8493	145	1	journal	journal	PROPN
ajfa-8493	145	2	of	of	ADP
ajfa-8493	145	3	finance	finance	PROPN
ajfa-8493	145	4	&	&	CCONJ
ajfa-8493	145	5	accountancy	accountancy	PROPN
ajfa-8493	145	6	,	,	PUNCT
ajfa-8493	145	7	12	12	NUM
ajfa-8493	145	8	,	,	PUNCT
ajfa-8493	145	9	91	91	NUM
ajfa-8493	145	10	-	-	SYM
ajfa-8493	145	11	102	102	NUM
ajfa-8493	145	12	.	.	PUNCT
ajfa-8493	146	1	bowman	bowman	PROPN
ajfa-8493	146	2	,	,	PUNCT
ajfa-8493	146	3	robert	robert	PROPN
ajfa-8493	146	4	g.	g.	PROPN
ajfa-8493	146	5	(	(	PUNCT
ajfa-8493	146	6	1980	1980	NUM
ajfa-8493	146	7	)	)	PUNCT
ajfa-8493	146	8	.	.	PUNCT
ajfa-8493	147	1	the	the	DET
ajfa-8493	147	2	debt	debt	NOUN
ajfa-8493	147	3	equivalence	equivalence	NOUN
ajfa-8493	147	4	of	of	ADP
ajfa-8493	147	5	leases	lease	NOUN
ajfa-8493	147	6	:	:	PUNCT
ajfa-8493	147	7	an	an	DET
ajfa-8493	147	8	empirical	empirical	ADJ
ajfa-8493	147	9	investigation	investigation	NOUN
ajfa-8493	147	10	.	.	PUNCT
ajfa-8493	148	1	accounting	accounting	NOUN
ajfa-8493	148	2	review	review	PROPN
ajfa-8493	148	3	,	,	PUNCT
ajfa-8493	148	4	55(2	55(2	NUM
ajfa-8493	148	5	)	)	PUNCT
ajfa-8493	148	6	,	,	PUNCT
ajfa-8493	148	7	237	237	NUM
ajfa-8493	148	8	.	.	PUNCT
ajfa-8493	149	1	branswijck	branswijck	NOUN
ajfa-8493	149	2	,	,	PUNCT
ajfa-8493	149	3	deborah	deborah	PROPN
ajfa-8493	149	4	,	,	PUNCT
ajfa-8493	149	5	longueville	longueville	PROPN
ajfa-8493	149	6	,	,	PUNCT
ajfa-8493	149	7	stefanie	stefanie	PROPN
ajfa-8493	149	8	,	,	PUNCT
ajfa-8493	149	9	&	&	CCONJ
ajfa-8493	149	10	everaert	everaert	PROPN
ajfa-8493	149	11	,	,	PUNCT
ajfa-8493	149	12	patricia	patricia	PROPN
ajfa-8493	149	13	.	.	PUNCT
ajfa-8493	150	1	(	(	PUNCT
ajfa-8493	150	2	2011	2011	NUM
ajfa-8493	150	3	)	)	PUNCT
ajfa-8493	150	4	.	.	PUNCT
ajfa-8493	151	1	the	the	DET
ajfa-8493	151	2	financial	financial	ADJ
ajfa-8493	151	3	impact	impact	NOUN
ajfa-8493	151	4	of	of	ADP
ajfa-8493	151	5	the	the	DET
ajfa-8493	151	6	proposed	propose	VERB
ajfa-8493	151	7	amendments	amendment	NOUN
ajfa-8493	151	8	to	to	AUX
ajfa-8493	151	9	ias	ias	PROPN
ajfa-8493	151	10	17	17	NUM
ajfa-8493	151	11	:	:	PUNCT
ajfa-8493	151	12	evidence	evidence	NOUN
ajfa-8493	151	13	from	from	ADP
ajfa-8493	151	14	belgium	belgium	PROPN
ajfa-8493	151	15	and	and	CCONJ
ajfa-8493	151	16	the	the	DET
ajfa-8493	151	17	netherlands	netherlands	PROPN
ajfa-8493	151	18	.	.	PUNCT
ajfa-8493	152	1	accounting	accounting	PROPN
ajfa-8493	152	2	&	&	CCONJ
ajfa-8493	152	3	management	management	PROPN
ajfa-8493	152	4	information	information	NOUN
ajfa-8493	152	5	systems	system	NOUN
ajfa-8493	152	6	/	/	SYM
ajfa-8493	152	7	contabilitate	contabilitate	PROPN
ajfa-8493	152	8	si	si	PROPN
ajfa-8493	152	9	informatica	informatica	PROPN
ajfa-8493	152	10	de	de	PROPN
ajfa-8493	152	11	gestiune	gestiune	PROPN
ajfa-8493	152	12	,	,	PUNCT
ajfa-8493	152	13	10(2	10(2	NUM
ajfa-8493	152	14	)	)	PUNCT
ajfa-8493	152	15	,	,	PUNCT
ajfa-8493	152	16	275	275	NUM
ajfa-8493	152	17	-	-	SYM
ajfa-8493	152	18	294	294	NUM
ajfa-8493	152	19	.	.	PUNCT
ajfa-8493	153	1	de	de	X
ajfa-8493	153	2	villiers	villiers	PROPN
ajfa-8493	153	3	,	,	PUNCT
ajfa-8493	153	4	rikus	rikus	PROPN
ajfa-8493	153	5	r.	r.	PROPN
ajfa-8493	153	6	,	,	PUNCT
ajfa-8493	153	7	&	&	CCONJ
ajfa-8493	153	8	middelberg	middelberg	PROPN
ajfa-8493	153	9	,	,	PUNCT
ajfa-8493	153	10	sanlie	sanlie	PROPN
ajfa-8493	153	11	l.	l.	PROPN
ajfa-8493	153	12	(	(	PUNCT
ajfa-8493	153	13	2013	2013	NUM
ajfa-8493	153	14	)	)	PUNCT
ajfa-8493	153	15	.	.	PUNCT
ajfa-8493	154	1	determining	determine	VERB
ajfa-8493	154	2	the	the	DET
ajfa-8493	154	3	impact	impact	NOUN
ajfa-8493	154	4	of	of	ADP
ajfa-8493	154	5	capitalising	capitalise	VERB
ajfa-8493	154	6	long	long	ADJ
ajfa-8493	154	7	-	-	PUNCT
ajfa-8493	154	8	term	term	NOUN
ajfa-8493	154	9	operating	operating	NOUN
ajfa-8493	154	10	leases	lease	NOUN
ajfa-8493	154	11	on	on	ADP
ajfa-8493	154	12	the	the	DET
ajfa-8493	154	13	financial	financial	ADJ
ajfa-8493	154	14	ratios	ratio	NOUN
ajfa-8493	154	15	of	of	ADP
ajfa-8493	154	16	the	the	DET
ajfa-8493	154	17	top	top	ADJ
ajfa-8493	154	18	40	40	NUM
ajfa-8493	154	19	jse	jse	PROPN
ajfa-8493	154	20	-	-	PUNCT
ajfa-8493	154	21	listed	list	VERB
ajfa-8493	154	22	companies	company	NOUN
ajfa-8493	154	23	.	.	PUNCT
ajfa-8493	155	1	the	the	DET
ajfa-8493	155	2	international	international	PROPN
ajfa-8493	155	3	business	business	PROPN
ajfa-8493	155	4	&	&	CCONJ
ajfa-8493	155	5	economics	economics	PROPN
ajfa-8493	155	6	research	research	PROPN
ajfa-8493	155	7	journal	journal	PROPN
ajfa-8493	155	8	(	(	PUNCT
ajfa-8493	155	9	online	online	ADJ
ajfa-8493	155	10	)	)	PUNCT
ajfa-8493	155	11	,	,	PUNCT
ajfa-8493	155	12	12(6	12(6	NUM
ajfa-8493	155	13	)	)	PUNCT
ajfa-8493	155	14	,	,	PUNCT
ajfa-8493	155	15	655	655	NUM
ajfa-8493	155	16	.	.	PUNCT
ajfa-8493	155	17	duke	duke	PROPN
ajfa-8493	155	18	,	,	PUNCT
ajfa-8493	155	19	j.	j.	PROPN
ajfa-8493	155	20	c.	c.	PROPN
ajfa-8493	155	21	,	,	PUNCT
ajfa-8493	155	22	hsieh	hsieh	PROPN
ajfa-8493	155	23	,	,	PUNCT
ajfa-8493	155	24	s.	s.	PROPN
ajfa-8493	155	25	j.	j.	PROPN
ajfa-8493	155	26	,	,	PUNCT
ajfa-8493	155	27	&	&	CCONJ
ajfa-8493	155	28	su	su	PROPN
ajfa-8493	155	29	,	,	PUNCT
ajfa-8493	155	30	y.	y.	PROPN
ajfa-8493	155	31	(	(	PUNCT
ajfa-8493	155	32	2009	2009	NUM
ajfa-8493	155	33	)	)	PUNCT
ajfa-8493	155	34	.	.	PUNCT
ajfa-8493	156	1	operating	operating	NOUN
ajfa-8493	156	2	and	and	CCONJ
ajfa-8493	156	3	synthetic	synthetic	ADJ
ajfa-8493	156	4	leases	lease	NOUN
ajfa-8493	156	5	:	:	PUNCT
ajfa-8493	156	6	exploiting	exploit	VERB
ajfa-8493	156	7	financial	financial	ADJ
ajfa-8493	156	8	benefits	benefit	NOUN
ajfa-8493	156	9	in	in	ADP
ajfa-8493	156	10	the	the	DET
ajfa-8493	156	11	post	post	ADJ
ajfa-8493	156	12	-	-	ADJ
ajfa-8493	156	13	enron	enron	PROPN
ajfa-8493	156	14	era	era	NOUN
ajfa-8493	156	15	.	.	PUNCT
ajfa-8493	157	1	advances	advance	NOUN
ajfa-8493	157	2	in	in	ADP
ajfa-8493	157	3	accounting	accounting	NOUN
ajfa-8493	157	4	,	,	PUNCT
ajfa-8493	157	5	25(1	25(1	NUM
ajfa-8493	157	6	)	)	PUNCT
ajfa-8493	157	7	,	,	PUNCT
ajfa-8493	157	8	28	28	NUM
ajfa-8493	157	9	-	-	SYM
ajfa-8493	157	10	39	39	NUM
ajfa-8493	157	11	.	.	PUNCT
ajfa-8493	158	1	http://dx.doi.org/10.1016/j.adiac.2009.03.001	http://dx.doi.org/10.1016/j.adiac.2009.03.001	PROPN
ajfa-8493	158	2	ely	ely	ADV
ajfa-8493	158	3	,	,	PUNCT
ajfa-8493	158	4	kirsten	kirsten	PROPN
ajfa-8493	158	5	m.	m.	NOUN
ajfa-8493	158	6	(	(	PUNCT
ajfa-8493	158	7	1995	1995	NUM
ajfa-8493	158	8	)	)	PUNCT
ajfa-8493	158	9	.	.	PUNCT
ajfa-8493	159	1	operating	operate	VERB
ajfa-8493	159	2	lease	lease	NOUN
ajfa-8493	159	3	accounting	accounting	NOUN
ajfa-8493	159	4	and	and	CCONJ
ajfa-8493	159	5	the	the	DET
ajfa-8493	159	6	market	market	NOUN
ajfa-8493	159	7	's	's	PART
ajfa-8493	159	8	assessment	assessment	NOUN
ajfa-8493	159	9	of	of	ADP
ajfa-8493	159	10	equity	equity	NOUN
ajfa-8493	159	11	risk	risk	NOUN
ajfa-8493	159	12	.	.	PUNCT
ajfa-8493	160	1	journal	journal	NOUN
ajfa-8493	160	2	of	of	ADP
ajfa-8493	160	3	accounting	accounting	NOUN
ajfa-8493	160	4	research	research	NOUN
ajfa-8493	160	5	,	,	PUNCT
ajfa-8493	160	6	33(2	33(2	NUM
ajfa-8493	160	7	)	)	PUNCT
ajfa-8493	160	8	,	,	PUNCT
ajfa-8493	160	9	397	397	NUM
ajfa-8493	160	10	.	.	X
ajfa-8493	161	1	http://dx.doi.org/10.2307/2491495	http://dx.doi.org/10.2307/2491495	PROPN
ajfa-8493	161	2	fitó	fitó	PROPN
ajfa-8493	161	3	,	,	PUNCT
ajfa-8493	161	4	m.	m.	NOUN
ajfa-8493	161	5	àngels	àngel	NOUN
ajfa-8493	161	6	,	,	PUNCT
ajfa-8493	161	7	moya	moya	PROPN
ajfa-8493	161	8	,	,	PUNCT
ajfa-8493	161	9	soledad	soledad	PROPN
ajfa-8493	161	10	,	,	PUNCT
ajfa-8493	161	11	&	&	CCONJ
ajfa-8493	161	12	orgaz	orgaz	PROPN
ajfa-8493	161	13	,	,	PUNCT
ajfa-8493	161	14	neus	neus	NOUN
ajfa-8493	161	15	.	.	PUNCT
ajfa-8493	162	1	(	(	PUNCT
ajfa-8493	162	2	2013	2013	NUM
ajfa-8493	162	3	)	)	PUNCT
ajfa-8493	162	4	.	.	PUNCT
ajfa-8493	163	1	considering	consider	VERB
ajfa-8493	163	2	the	the	DET
ajfa-8493	163	3	effects	effect	NOUN
ajfa-8493	163	4	of	of	ADP
ajfa-8493	163	5	operating	operating	NOUN
ajfa-8493	163	6	lease	lease	NOUN
ajfa-8493	163	7	capitalization	capitalization	NOUN
ajfa-8493	163	8	on	on	ADP
ajfa-8493	163	9	key	key	ADJ
ajfa-8493	163	10	financial	financial	PROPN
ajfa-8493	163	11	ratios*/consideración	ratios*/consideración	PROPN
ajfa-8493	163	12	de	de	X
ajfa-8493	163	13	los	los	X
ajfa-8493	163	14	efectos	efectos	PROPN
ajfa-8493	163	15	de	de	X
ajfa-8493	163	16	la	la	PROPN
ajfa-8493	163	17	capitalización	capitalización	PROPN
ajfa-8493	163	18	de	de	PROPN
ajfa-8493	163	19	arrendamientos	arrendamientos	PROPN
ajfa-8493	163	20	operativos	operativos	X
ajfa-8493	163	21	en	en	X
ajfa-8493	163	22	las	las	PROPN
ajfa-8493	163	23	principales	principales	PROPN
ajfa-8493	163	24	ratios	ratio	NOUN
ajfa-8493	163	25	financieras	financieras	PROPN
ajfa-8493	163	26	.	.	PUNCT
ajfa-8493	164	1	revista	revista	PROPN
ajfa-8493	164	2	española	española	PROPN
ajfa-8493	164	3	de	de	PROPN
ajfa-8493	164	4	financiación	financiación	PROPN
ajfa-8493	164	5	y	y	PROPN
ajfa-8493	164	6	contabilidad	contabilidad	PROPN
ajfa-8493	164	7	,	,	PUNCT
ajfa-8493	164	8	42(159	42(159	PROPN
ajfa-8493	164	9	)	)	PUNCT
ajfa-8493	164	10	,	,	PUNCT
ajfa-8493	164	11	341	341	NUM
ajfa-8493	164	12	-	-	SYM
ajfa-8493	164	13	369	369	NUM
ajfa-8493	164	14	.	.	PUNCT
ajfa-8493	165	1	http://dx.doi.org/10.1080/02102412.2013.10779750	http://dx.doi.org/10.1080/02102412.2013.10779750	PROPN
ajfa-8493	165	2	grossman	grossman	PROPN
ajfa-8493	165	3	,	,	PUNCT
ajfa-8493	165	4	amanda	amanda	PROPN
ajfa-8493	165	5	m.	m.	PROPN
ajfa-8493	165	6	,	,	PUNCT
ajfa-8493	165	7	&	&	CCONJ
ajfa-8493	165	8	grossman	grossman	PROPN
ajfa-8493	165	9	,	,	PUNCT
ajfa-8493	165	10	steven	steven	PROPN
ajfa-8493	165	11	d.	d.	PROPN
ajfa-8493	165	12	(	(	PUNCT
ajfa-8493	165	13	2010	2010	NUM
ajfa-8493	165	14	)	)	PUNCT
ajfa-8493	165	15	.	.	PUNCT
ajfa-8493	166	1	capitalizing	capitalize	VERB
ajfa-8493	166	2	lease	lease	NOUN
ajfa-8493	166	3	payments	payment	NOUN
ajfa-8493	166	4	.	.	PUNCT
ajfa-8493	167	1	cpa	cpa	PROPN
ajfa-8493	167	2	journal	journal	PROPN
ajfa-8493	167	3	,	,	PUNCT
ajfa-8493	167	4	80(5	80(5	PROPN
ajfa-8493	167	5	)	)	PUNCT
ajfa-8493	167	6	,	,	PUNCT
ajfa-8493	167	7	6	6	NUM
ajfa-8493	167	8	-	-	SYM
ajfa-8493	167	9	11	11	NUM
ajfa-8493	167	10	.	.	PUNCT
ajfa-8493	168	1	han	han	PROPN
ajfa-8493	168	2	,	,	PUNCT
ajfa-8493	168	3	f.	f.	PROPN
ajfa-8493	168	4	.	.	PUNCT
ajfa-8493	169	1	(	(	PUNCT
ajfa-8493	169	2	2010	2010	NUM
ajfa-8493	169	3	)	)	PUNCT
ajfa-8493	169	4	.	.	PUNCT
ajfa-8493	170	1	lease	lease	NOUN
ajfa-8493	170	2	accounting	accounting	NOUN
ajfa-8493	170	3	and	and	CCONJ
ajfa-8493	170	4	the	the	DET
ajfa-8493	170	5	cost	cost	NOUN
ajfa-8493	170	6	of	of	ADP
ajfa-8493	170	7	equity	equity	NOUN
ajfa-8493	170	8	capital	capital	NOUN
ajfa-8493	170	9	.	.	PUNCT
ajfa-8493	171	1	(	(	PUNCT
ajfa-8493	171	2	phd	phd	NOUN
ajfa-8493	171	3	)	)	PUNCT
ajfa-8493	171	4	,	,	PUNCT
ajfa-8493	171	5	university	university	NOUN
ajfa-8493	171	6	of	of	ADP
ajfa-8493	171	7	connecticut	connecticut	PROPN
ajfa-8493	171	8	.	.	PUNCT
ajfa-8493	172	1	retrieved	retrieve	VERB
ajfa-8493	172	2	from	from	ADP
ajfa-8493	172	3	http://ezproxy.usim.edu.my:2102/docview/882902624/14103b84cd128596a82/1?accountid	http://ezproxy.usim.edu.my:2102/docview/882902624/14103b84cd128596a82/1?accountid	NOUN
ajfa-8493	172	4	=	=	NOUN
ajfa-8493	172	5	33993	33993	NUM
ajfa-8493	172	6	available	available	ADJ
ajfa-8493	172	7	from	from	ADP
ajfa-8493	172	8	proquest	proquest	PROPN
ajfa-8493	172	9	heffes	heffe	NOUN
ajfa-8493	172	10	,	,	PUNCT
ajfa-8493	172	11	ellen	ellen	PROPN
ajfa-8493	172	12	m.	m.	NOUN
ajfa-8493	172	13	(	(	PUNCT
ajfa-8493	172	14	2013	2013	NUM
ajfa-8493	172	15	)	)	PUNCT
ajfa-8493	172	16	.	.	PUNCT
ajfa-8493	173	1	fasb	fasb	PROPN
ajfa-8493	173	2	,	,	PUNCT
ajfa-8493	173	3	iasb	iasb	VERB
ajfa-8493	173	4	release	release	NOUN
ajfa-8493	173	5	exposure	exposure	NOUN
ajfa-8493	173	6	draft	draft	NOUN
ajfa-8493	173	7	on	on	ADP
ajfa-8493	173	8	lease	lease	NOUN
ajfa-8493	173	9	accounting	accounting	NOUN
ajfa-8493	173	10	.	.	PUNCT
ajfa-8493	174	1	financial	financial	ADJ
ajfa-8493	174	2	executive	executive	NOUN
ajfa-8493	174	3	,	,	PUNCT
ajfa-8493	174	4	29(5	29(5	NUM
ajfa-8493	174	5	)	)	PUNCT
ajfa-8493	174	6	,	,	PUNCT
ajfa-8493	174	7	7	7	NUM
ajfa-8493	174	8	-	-	SYM
ajfa-8493	174	9	8	8	NUM
ajfa-8493	174	10	.	.	PUNCT
ajfa-8493	175	1	imhoff	imhoff	PROPN
ajfa-8493	175	2	,	,	PUNCT
ajfa-8493	175	3	eugene	eugene	PROPN
ajfa-8493	175	4	a.	a.	PROPN
ajfa-8493	175	5	,	,	PUNCT
ajfa-8493	175	6	jr	jr	PROPN
ajfa-8493	175	7	.	.	PROPN
ajfa-8493	175	8	,	,	PUNCT
ajfa-8493	175	9	lipe	lipe	PROPN
ajfa-8493	175	10	,	,	PUNCT
ajfa-8493	175	11	robert	robert	PROPN
ajfa-8493	175	12	c.	c.	PROPN
ajfa-8493	175	13	,	,	PUNCT
ajfa-8493	175	14	&	&	CCONJ
ajfa-8493	175	15	wright	wright	PROPN
ajfa-8493	175	16	,	,	PUNCT
ajfa-8493	175	17	david	david	PROPN
ajfa-8493	175	18	w.	w.	PROPN
ajfa-8493	175	19	(	(	PUNCT
ajfa-8493	175	20	1991	1991	NUM
ajfa-8493	175	21	)	)	PUNCT
ajfa-8493	175	22	.	.	PUNCT
ajfa-8493	176	1	operating	operate	VERB
ajfa-8493	176	2	leases	lease	NOUN
ajfa-8493	176	3	:	:	PUNCT
ajfa-8493	176	4	impact	impact	NOUN
ajfa-8493	176	5	of	of	ADP
ajfa-8493	176	6	constructive	constructive	ADJ
ajfa-8493	176	7	capitalization	capitalization	NOUN
ajfa-8493	176	8	.	.	PUNCT
ajfa-8493	177	1	accounting	accounting	NOUN
ajfa-8493	177	2	horizons	horizon	NOUN
ajfa-8493	177	3	,	,	PUNCT
ajfa-8493	177	4	5(1	5(1	NUM
ajfa-8493	177	5	)	)	PUNCT
ajfa-8493	177	6	,	,	PUNCT
ajfa-8493	177	7	51	51	NUM
ajfa-8493	177	8	.	.	PUNCT
ajfa-8493	177	9	imhoff	imhoff	PROPN
ajfa-8493	178	1	jr	jr	PROPN
ajfa-8493	178	2	,	,	PUNCT
ajfa-8493	178	3	eugene	eugene	PROPN
ajfa-8493	178	4	a.	a.	PROPN
ajfa-8493	178	5	,	,	PUNCT
ajfa-8493	178	6	lipe	lipe	PROPN
ajfa-8493	178	7	,	,	PUNCT
ajfa-8493	178	8	robert	robert	PROPN
ajfa-8493	178	9	,	,	PUNCT
ajfa-8493	178	10	&	&	CCONJ
ajfa-8493	178	11	wright	wright	PROPN
ajfa-8493	178	12	,	,	PUNCT
ajfa-8493	178	13	david	david	PROPN
ajfa-8493	178	14	w.	w.	PROPN
ajfa-8493	178	15	(	(	PUNCT
ajfa-8493	178	16	1993	1993	NUM
ajfa-8493	178	17	)	)	PUNCT
ajfa-8493	178	18	.	.	PUNCT
ajfa-8493	179	1	the	the	DET
ajfa-8493	179	2	effects	effect	NOUN
ajfa-8493	179	3	of	of	ADP
ajfa-8493	179	4	recongition	recongition	NOUN
ajfa-8493	179	5	asian	asian	ADJ
ajfa-8493	179	6	journal	journal	NOUN
ajfa-8493	179	7	of	of	ADP
ajfa-8493	179	8	finance	finance	PROPN
ajfa-8493	179	9	&	&	CCONJ
ajfa-8493	179	10	accounting	accounting	PROPN
ajfa-8493	179	11	issn	issn	PROPN
ajfa-8493	179	12	1946	1946	NUM
ajfa-8493	179	13	-	-	PUNCT
ajfa-8493	179	14	052x	052x	NOUN
ajfa-8493	179	15	2015	2015	NUM
ajfa-8493	179	16	,	,	PUNCT
ajfa-8493	179	17	vol	vol	NOUN
ajfa-8493	179	18	.	.	PROPN
ajfa-8493	179	19	7	7	NUM
ajfa-8493	179	20	,	,	PUNCT
ajfa-8493	179	21	no	no	INTJ
ajfa-8493	179	22	.	.	NOUN
ajfa-8493	179	23	2	2	NUM
ajfa-8493	179	24	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-8493	179	25	14	14	NUM
ajfa-8493	179	26	versus	versus	ADP
ajfa-8493	179	27	disclosure	disclosure	NOUN
ajfa-8493	179	28	on	on	ADP
ajfa-8493	179	29	shareholder	shareholder	NOUN
ajfa-8493	179	30	risk	risk	NOUN
ajfa-8493	179	31	and	and	CCONJ
ajfa-8493	179	32	executive	executive	ADJ
ajfa-8493	179	33	compensation	compensation	NOUN
ajfa-8493	179	34	.	.	PUNCT
ajfa-8493	180	1	journal	journal	PROPN
ajfa-8493	180	2	of	of	ADP
ajfa-8493	180	3	accounting	accounting	NOUN
ajfa-8493	180	4	,	,	PUNCT
ajfa-8493	180	5	auditing	auditing	NOUN
ajfa-8493	180	6	&	&	CCONJ
ajfa-8493	180	7	finance	finance	PROPN
ajfa-8493	180	8	,	,	PUNCT
ajfa-8493	180	9	8(4	8(4	NUM
ajfa-8493	180	10	)	)	PUNCT
ajfa-8493	180	11	,	,	PUNCT
ajfa-8493	180	12	335	335	NUM
ajfa-8493	180	13	-	-	SYM
ajfa-8493	180	14	368	368	NUM
ajfa-8493	180	15	.	.	PUNCT
ajfa-8493	181	1	jesswein	jesswein	PROPN
ajfa-8493	181	2	,	,	PUNCT
ajfa-8493	181	3	kurt	kurt	PROPN
ajfa-8493	181	4	r.	r.	PROPN
ajfa-8493	181	5	(	(	PUNCT
ajfa-8493	181	6	2008	2008	NUM
ajfa-8493	181	7	)	)	PUNCT
ajfa-8493	181	8	.	.	PUNCT
ajfa-8493	182	1	methodological	methodological	ADJ
ajfa-8493	182	2	issues	issue	NOUN
ajfa-8493	182	3	in	in	ADP
ajfa-8493	182	4	analyzing	analyze	VERB
ajfa-8493	182	5	financial	financial	ADJ
ajfa-8493	182	6	statements	statement	NOUN
ajfa-8493	182	7	in	in	ADP
ajfa-8493	182	8	the	the	DET
ajfa-8493	182	9	presence	presence	NOUN
ajfa-8493	182	10	of	of	ADP
ajfa-8493	182	11	operating	operating	NOUN
ajfa-8493	182	12	leases	lease	NOUN
ajfa-8493	182	13	.	.	PUNCT
ajfa-8493	183	1	allied	ally	VERB
ajfa-8493	183	2	academies	academy	NOUN
ajfa-8493	183	3	international	international	ADJ
ajfa-8493	183	4	conference	conference	NOUN
ajfa-8493	183	5	:	:	PUNCT
ajfa-8493	183	6	proceedings	proceeding	NOUN
ajfa-8493	183	7	of	of	ADP
ajfa-8493	183	8	the	the	DET
ajfa-8493	183	9	academy	academy	NOUN
ajfa-8493	183	10	of	of	ADP
ajfa-8493	183	11	accounting	accounting	PROPN
ajfa-8493	183	12	&	&	CCONJ
ajfa-8493	183	13	financial	financial	ADJ
ajfa-8493	183	14	studies	study	NOUN
ajfa-8493	183	15	(	(	PUNCT
ajfa-8493	183	16	aafs	aafs	NOUN
ajfa-8493	183	17	)	)	PUNCT
ajfa-8493	183	18	,	,	PUNCT
ajfa-8493	183	19	13(1	13(1	X
ajfa-8493	183	20	)	)	PUNCT
ajfa-8493	183	21	,	,	PUNCT
ajfa-8493	183	22	27	27	NUM
ajfa-8493	183	23	-	-	SYM
ajfa-8493	183	24	32	32	NUM
ajfa-8493	183	25	.	.	PUNCT
ajfa-8493	184	1	kilpatrick	kilpatrick	PROPN
ajfa-8493	184	2	,	,	PUNCT
ajfa-8493	184	3	bob	bob	PROPN
ajfa-8493	184	4	g.	g.	PROPN
ajfa-8493	184	5	,	,	PUNCT
ajfa-8493	184	6	&	&	CCONJ
ajfa-8493	184	7	wilburn	wilburn	PROPN
ajfa-8493	184	8	,	,	PUNCT
ajfa-8493	184	9	nancy	nancy	PROPN
ajfa-8493	184	10	l.	l.	PROPN
ajfa-8493	184	11	(	(	PUNCT
ajfa-8493	184	12	2011	2011	NUM
ajfa-8493	184	13	)	)	PUNCT
ajfa-8493	184	14	.	.	PUNCT
ajfa-8493	185	1	convergence	convergence	NOUN
ajfa-8493	185	2	on	on	ADP
ajfa-8493	185	3	a	a	DET
ajfa-8493	185	4	global	global	ADJ
ajfa-8493	185	5	accounting	accounting	NOUN
ajfa-8493	185	6	standard	standard	NOUN
ajfa-8493	185	7	for	for	ADP
ajfa-8493	185	8	leases	lease	NOUN
ajfa-8493	185	9	impacts	impact	NOUN
ajfa-8493	185	10	of	of	ADP
ajfa-8493	185	11	the	the	DET
ajfa-8493	185	12	fasb	fasb	NOUN
ajfa-8493	185	13	/	/	SYM
ajfa-8493	185	14	iasb	iasb	ADJ
ajfa-8493	185	15	project	project	NOUN
ajfa-8493	185	16	on	on	ADP
ajfa-8493	185	17	lessee	lessee	NOUN
ajfa-8493	185	18	financial	financial	ADJ
ajfa-8493	185	19	statements	statement	NOUN
ajfa-8493	185	20	.	.	PUNCT
ajfa-8493	186	1	the	the	DET
ajfa-8493	186	2	international	international	ADJ
ajfa-8493	186	3	business	business	PROPN
ajfa-8493	186	4	&	&	CCONJ
ajfa-8493	186	5	economics	economics	PROPN
ajfa-8493	186	6	research	research	PROPN
ajfa-8493	186	7	journal	journal	PROPN
ajfa-8493	186	8	,	,	PUNCT
ajfa-8493	186	9	10(10	10(10	NUM
ajfa-8493	186	10	)	)	PUNCT
ajfa-8493	186	11	,	,	PUNCT
ajfa-8493	186	12	55	55	NUM
ajfa-8493	186	13	-	-	SYM
ajfa-8493	186	14	59	59	NUM
ajfa-8493	186	15	.	.	PUNCT
ajfa-8493	186	16	lee	lee	PROPN
ajfa-8493	186	17	,	,	PUNCT
ajfa-8493	186	18	chyn	chyn	PROPN
ajfa-8493	186	19	-	-	PUNCT
ajfa-8493	186	20	hwa	hwa	PROPN
ajfa-8493	186	21	,	,	PUNCT
ajfa-8493	186	22	&	&	CCONJ
ajfa-8493	186	23	hooy	hooy	ADJ
ajfa-8493	186	24	,	,	PUNCT
ajfa-8493	186	25	chee	chee	NOUN
ajfa-8493	186	26	-	-	PUNCT
ajfa-8493	186	27	wooi	wooi	NOUN
ajfa-8493	186	28	.	.	PUNCT
ajfa-8493	187	1	(	(	PUNCT
ajfa-8493	187	2	2012	2012	NUM
ajfa-8493	187	3	)	)	PUNCT
ajfa-8493	187	4	.	.	PUNCT
ajfa-8493	188	1	determinants	determinant	NOUN
ajfa-8493	188	2	of	of	ADP
ajfa-8493	188	3	systematic	systematic	ADJ
ajfa-8493	188	4	financial	financial	ADJ
ajfa-8493	188	5	risk	risk	NOUN
ajfa-8493	188	6	exposures	exposure	NOUN
ajfa-8493	188	7	of	of	ADP
ajfa-8493	188	8	airlines	airline	NOUN
ajfa-8493	188	9	in	in	ADP
ajfa-8493	188	10	north	north	PROPN
ajfa-8493	188	11	america	america	PROPN
ajfa-8493	188	12	,	,	PUNCT
ajfa-8493	188	13	europe	europe	PROPN
ajfa-8493	188	14	and	and	CCONJ
ajfa-8493	188	15	asia	asia	PROPN
ajfa-8493	188	16	.	.	PROPN
ajfa-8493	189	1	journal	journal	PROPN
ajfa-8493	189	2	of	of	ADP
ajfa-8493	189	3	air	air	PROPN
ajfa-8493	189	4	transport	transport	PROPN
ajfa-8493	189	5	management	management	NOUN
ajfa-8493	189	6	,	,	PUNCT
ajfa-8493	189	7	24	24	NUM
ajfa-8493	189	8	,	,	PUNCT
ajfa-8493	189	9	31	31	NUM
ajfa-8493	189	10	-	-	SYM
ajfa-8493	189	11	35	35	NUM
ajfa-8493	189	12	.	.	PUNCT
ajfa-8493	190	1	http://dx.doi.org/10.1016/j.jairtraman.2012.06.003	http://dx.doi.org/10.1016/j.jairtraman.2012.06.003	PROPN
ajfa-8493	190	2	lückerath	lückerath	NOUN
ajfa-8493	190	3	-	-	PUNCT
ajfa-8493	190	4	rovers	rover	NOUN
ajfa-8493	190	5	,	,	PUNCT
ajfa-8493	190	6	mijntje	mijntje	PROPN
ajfa-8493	190	7	,	,	PUNCT
ajfa-8493	190	8	&	&	CCONJ
ajfa-8493	190	9	eindhoven	eindhoven	NOUN
ajfa-8493	190	10	,	,	PUNCT
ajfa-8493	190	11	geboren	geboren	NOUN
ajfa-8493	190	12	te	te	PROPN
ajfa-8493	190	13	.	.	PUNCT
ajfa-8493	190	14	(	(	PUNCT
ajfa-8493	190	15	2007	2007	NUM
ajfa-8493	190	16	)	)	PUNCT
ajfa-8493	190	17	.	.	PUNCT
ajfa-8493	191	1	operating	operating	NOUN
ajfa-8493	191	2	-	-	PUNCT
ajfa-8493	191	3	lease	lease	NOUN
ajfa-8493	191	4	disclosuresan	disclosuresan	ADJ
ajfa-8493	191	5	empirical	empirical	ADJ
ajfa-8493	191	6	investigation	investigation	NOUN
ajfa-8493	191	7	.	.	PUNCT
ajfa-8493	192	1	(	(	PUNCT
ajfa-8493	192	2	phd	phd	NOUN
ajfa-8493	192	3	)	)	PUNCT
ajfa-8493	192	4	.	.	PUNCT
ajfa-8493	193	1	musvoto	musvoto	PROPN
ajfa-8493	193	2	,	,	PUNCT
ajfa-8493	193	3	s.	s.	PROPN
ajfa-8493	193	4	wedzerai	wedzerai	PROPN
ajfa-8493	193	5	,	,	PUNCT
ajfa-8493	193	6	&	&	CCONJ
ajfa-8493	193	7	gouws	gouws	PROPN
ajfa-8493	193	8	,	,	PUNCT
ajfa-8493	193	9	daan	daan	PROPN
ajfa-8493	193	10	g.	g.	PROPN
ajfa-8493	193	11	(	(	PUNCT
ajfa-8493	193	12	2012	2012	NUM
ajfa-8493	193	13	)	)	PUNCT
ajfa-8493	193	14	.	.	PUNCT
ajfa-8493	194	1	towards	towards	ADP
ajfa-8493	194	2	formulating	formulate	VERB
ajfa-8493	194	3	an	an	DET
ajfa-8493	194	4	accounting	accounting	NOUN
ajfa-8493	194	5	theory	theory	NOUN
ajfa-8493	194	6	of	of	ADP
ajfa-8493	194	7	meaningfulness	meaningfulness	PROPN
ajfa-8493	194	8	.	.	PUNCT
ajfa-8493	195	1	journal	journal	PROPN
ajfa-8493	195	2	of	of	ADP
ajfa-8493	195	3	applied	apply	VERB
ajfa-8493	195	4	business	business	NOUN
ajfa-8493	195	5	research	research	NOUN
ajfa-8493	195	6	,	,	PUNCT
ajfa-8493	195	7	28(5	28(5	NUM
ajfa-8493	195	8	)	)	PUNCT
ajfa-8493	195	9	,	,	PUNCT
ajfa-8493	195	10	825	825	NUM
ajfa-8493	195	11	-	-	SYM
ajfa-8493	195	12	835	835	NUM
ajfa-8493	195	13	.	.	PUNCT
ajfa-8493	196	1	schneider	schneider	PROPN
ajfa-8493	196	2	,	,	PUNCT
ajfa-8493	196	3	douglas	douglas	PROPN
ajfa-8493	196	4	k.	k.	PROPN
ajfa-8493	196	5	,	,	PUNCT
ajfa-8493	196	6	mccarthy	mccarthy	PROPN
ajfa-8493	196	7	,	,	PUNCT
ajfa-8493	196	8	mark	mark	PROPN
ajfa-8493	196	9	g.	g.	PROPN
ajfa-8493	196	10	,	,	PUNCT
ajfa-8493	196	11	&	&	CCONJ
ajfa-8493	196	12	cotton	cotton	NOUN
ajfa-8493	196	13	,	,	PUNCT
ajfa-8493	196	14	brett	brett	PROPN
ajfa-8493	196	15	.	.	PUNCT
ajfa-8493	197	1	(	(	PUNCT
ajfa-8493	197	2	2012	2012	NUM
ajfa-8493	197	3	)	)	PUNCT
ajfa-8493	197	4	.	.	PUNCT
ajfa-8493	198	1	a	a	DET
ajfa-8493	198	2	methodological	methodological	ADJ
ajfa-8493	198	3	framework	framework	NOUN
ajfa-8493	198	4	for	for	ADP
ajfa-8493	198	5	examining	examine	VERB
ajfa-8493	198	6	information	information	NOUN
ajfa-8493	198	7	content	content	NOUN
ajfa-8493	198	8	of	of	ADP
ajfa-8493	198	9	proposed	propose	VERB
ajfa-8493	198	10	lease	lease	NOUN
ajfa-8493	198	11	accounting	accounting	NOUN
ajfa-8493	198	12	rule	rule	NOUN
ajfa-8493	198	13	.	.	PUNCT
ajfa-8493	199	1	journal	journal	NOUN
ajfa-8493	199	2	of	of	ADP
ajfa-8493	199	3	theoretical	theoretical	ADJ
ajfa-8493	199	4	accounting	accounting	NOUN
ajfa-8493	199	5	research	research	NOUN
ajfa-8493	199	6	,	,	PUNCT
ajfa-8493	199	7	8(1	8(1	NOUN
ajfa-8493	199	8	)	)	PUNCT
ajfa-8493	199	9	,	,	PUNCT
ajfa-8493	199	10	113	113	NUM
ajfa-8493	199	11	-	-	SYM
ajfa-8493	199	12	127	127	NUM
ajfa-8493	199	13	.	.	PUNCT
ajfa-8493	200	1	zhao	zhao	PROPN
ajfa-8493	200	2	,	,	PUNCT
ajfa-8493	200	3	sha	sha	PROPN
ajfa-8493	200	4	.	.	PUNCT
ajfa-8493	200	5	(	(	PUNCT
ajfa-8493	200	6	2013	2013	NUM
ajfa-8493	200	7	)	)	PUNCT
ajfa-8493	200	8	.	.	PUNCT
ajfa-8493	201	1	credit	credit	NOUN
ajfa-8493	201	2	risk	risk	NOUN
ajfa-8493	201	3	and	and	CCONJ
ajfa-8493	201	4	off	off	ADP
ajfa-8493	201	5	-	-	PUNCT
ajfa-8493	201	6	balance	balance	NOUN
ajfa-8493	201	7	-	-	PUNCT
ajfa-8493	201	8	sheet	sheet	NOUN
ajfa-8493	201	9	contractual	contractual	ADJ
ajfa-8493	201	10	obligations	obligation	NOUN
ajfa-8493	201	11	:	:	PUNCT
ajfa-8493	201	12	disclosures	disclosure	NOUN
ajfa-8493	201	13	under	under	ADP
ajfa-8493	201	14	rule	rule	NOUN
ajfa-8493	201	15	fr-67	fr-67	NOUN
ajfa-8493	201	16	.	.	PUNCT
ajfa-8493	202	1	(	(	PUNCT
ajfa-8493	202	2	3589788	3589788	NUM
ajfa-8493	202	3	)	)	PUNCT
ajfa-8493	202	4	,	,	PUNCT
ajfa-8493	202	5	city	city	PROPN
ajfa-8493	202	6	university	university	PROPN
ajfa-8493	202	7	of	of	ADP
ajfa-8493	202	8	new	new	PROPN
ajfa-8493	202	9	york	york	PROPN
ajfa-8493	202	10	,	,	PUNCT
ajfa-8493	202	11	ann	ann	PROPN
ajfa-8493	202	12	arbor	arbor	PROPN
ajfa-8493	202	13	.	.	PUNCT
ajfa-8493	203	1	retrieved	retrieve	VERB
ajfa-8493	203	2	from	from	ADP
ajfa-8493	203	3	http://search.proquest.com/docview/1430900274?accountid=33993	http://search.proquest.com/docview/1430900274?accountid=33993	PRON