id	sid	tid	token	lemma	pos
ajfa-9359	1	1	microsoft	microsoft	PROPN
ajfa-9359	1	2	word	word	NOUN
ajfa-9359	1	3	9359	9359	NUM
ajfa-9359	1	4	-	-	PUNCT
ajfa-9359	1	5	new	new	ADJ
ajfa-9359	1	6	-	-	PUNCT
ajfa-9359	1	7	final	final	ADJ
ajfa-9359	1	8	asian	asian	ADJ
ajfa-9359	1	9	journal	journal	NOUN
ajfa-9359	1	10	of	of	ADP
ajfa-9359	1	11	finance	finance	PROPN
ajfa-9359	1	12	&	&	CCONJ
ajfa-9359	1	13	accounting	accounting	PROPN
ajfa-9359	1	14	issn	issn	PROPN
ajfa-9359	1	15	1946	1946	NUM
ajfa-9359	1	16	-	-	PUNCT
ajfa-9359	1	17	052x	052x	PROPN
ajfa-9359	1	18	2017	2017	NUM
ajfa-9359	1	19	,	,	PUNCT
ajfa-9359	1	20	vol	vol	NOUN
ajfa-9359	1	21	.	.	NOUN
ajfa-9359	1	22	9	9	NUM
ajfa-9359	1	23	,	,	PUNCT
ajfa-9359	1	24	no	no	INTJ
ajfa-9359	1	25	.	.	NOUN
ajfa-9359	1	26	1	1	NUM
ajfa-9359	1	27	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	1	28	1	1	NUM
ajfa-9359	1	29	the	the	DET
ajfa-9359	1	30	determinants	determinant	NOUN
ajfa-9359	1	31	of	of	ADP
ajfa-9359	1	32	capital	capital	NOUN
ajfa-9359	1	33	structure	structure	NOUN
ajfa-9359	1	34	:	:	PUNCT
ajfa-9359	1	35	empirical	empirical	ADJ
ajfa-9359	1	36	analysis	analysis	NOUN
ajfa-9359	1	37	of	of	ADP
ajfa-9359	1	38	oil	oil	NOUN
ajfa-9359	1	39	and	and	CCONJ
ajfa-9359	1	40	gas	gas	NOUN
ajfa-9359	1	41	firms	firm	NOUN
ajfa-9359	1	42	during	during	ADP
ajfa-9359	1	43	2000	2000	NUM
ajfa-9359	1	44	-	-	SYM
ajfa-9359	1	45	2015	2015	NUM
ajfa-9359	1	46	aws	aw	NOUN
ajfa-9359	1	47	yousef	yousef	PROPN
ajfa-9359	1	48	shambor	shambor	PROPN
ajfa-9359	1	49	university	university	PROPN
ajfa-9359	1	50	of	of	ADP
ajfa-9359	1	51	hull	hull	NOUN
ajfa-9359	1	52	,	,	PUNCT
ajfa-9359	1	53	uk	uk	PROPN
ajfa-9359	1	54	e	e	NOUN
ajfa-9359	1	55	-	-	NOUN
ajfa-9359	1	56	mail	mail	NOUN
ajfa-9359	1	57	:	:	PUNCT
ajfa-9359	1	58	shambouraws@gmail.com	shambouraws@gmail.com	X
ajfa-9359	1	59	received	receive	VERB
ajfa-9359	1	60	:	:	PUNCT
ajfa-9359	1	61	april	april	PROPN
ajfa-9359	1	62	22	22	NUM
ajfa-9359	1	63	,	,	PUNCT
ajfa-9359	1	64	2016	2016	NUM
ajfa-9359	1	65	accepted	accept	VERB
ajfa-9359	1	66	:	:	PUNCT
ajfa-9359	1	67	january	january	PROPN
ajfa-9359	1	68	18	18	NUM
ajfa-9359	1	69	,	,	PUNCT
ajfa-9359	1	70	2017	2017	NUM
ajfa-9359	1	71	published	publish	VERB
ajfa-9359	1	72	:	:	PUNCT
ajfa-9359	1	73	june	june	PROPN
ajfa-9359	1	74	1	1	NUM
ajfa-9359	1	75	,	,	PUNCT
ajfa-9359	1	76	2017	2017	NUM
ajfa-9359	1	77	doi:10.5296	doi:10.5296	NOUN
ajfa-9359	1	78	/	/	SYM
ajfa-9359	1	79	ajfa.v9i1.9359	ajfa.v9i1.9359	PROPN
ajfa-9359	1	80	url	url	PROPN
ajfa-9359	1	81	:	:	PUNCT
ajfa-9359	1	82	http://dx.doi.org/10.5296/ajfa.v9i1.9359	http://dx.doi.org/10.5296/ajfa.v9i1.9359	X
ajfa-9359	1	83	abstract	abstract	ADJ
ajfa-9359	1	84	this	this	DET
ajfa-9359	1	85	study	study	NOUN
ajfa-9359	1	86	investigates	investigate	VERB
ajfa-9359	1	87	the	the	DET
ajfa-9359	1	88	capital	capital	NOUN
ajfa-9359	1	89	structure	structure	NOUN
ajfa-9359	1	90	determinants	determinant	NOUN
ajfa-9359	1	91	of	of	ADP
ajfa-9359	1	92	346	346	NUM
ajfa-9359	1	93	oil	oil	NOUN
ajfa-9359	1	94	and	and	CCONJ
ajfa-9359	1	95	gas	gas	NOUN
ajfa-9359	1	96	firms	firm	NOUN
ajfa-9359	1	97	that	that	PRON
ajfa-9359	1	98	are	be	AUX
ajfa-9359	1	99	the	the	DET
ajfa-9359	1	100	constituents	constituent	NOUN
ajfa-9359	1	101	of	of	ADP
ajfa-9359	1	102	the	the	DET
ajfa-9359	1	103	global	global	ADJ
ajfa-9359	1	104	oil	oil	NOUN
ajfa-9359	1	105	and	and	CCONJ
ajfa-9359	1	106	gas	gas	NOUN
ajfa-9359	1	107	index	index	NOUN
ajfa-9359	1	108	(	(	PUNCT
ajfa-9359	1	109	oilgswd	oilgswd	PROPN
ajfa-9359	1	110	)	)	PUNCT
ajfa-9359	1	111	over	over	ADP
ajfa-9359	1	112	the	the	DET
ajfa-9359	1	113	period	period	NOUN
ajfa-9359	1	114	of	of	ADP
ajfa-9359	1	115	2000	2000	NUM
ajfa-9359	1	116	–	–	PUNCT
ajfa-9359	1	117	2015	2015	NUM
ajfa-9359	1	118	,	,	PUNCT
ajfa-9359	1	119	taking	take	VERB
ajfa-9359	1	120	into	into	ADP
ajfa-9359	1	121	account	account	NOUN
ajfa-9359	1	122	the	the	DET
ajfa-9359	1	123	effect	effect	NOUN
ajfa-9359	1	124	of	of	ADP
ajfa-9359	1	125	the	the	DET
ajfa-9359	1	126	global	global	ADJ
ajfa-9359	1	127	financial	financial	ADJ
ajfa-9359	1	128	crisis	crisis	NOUN
ajfa-9359	1	129	of2007	of2007	ADJ
ajfa-9359	1	130	-	-	SYM
ajfa-9359	1	131	2009	2009	NUM
ajfa-9359	1	132	on	on	ADP
ajfa-9359	1	133	the	the	DET
ajfa-9359	1	134	determinants	determinant	NOUN
ajfa-9359	1	135	of	of	ADP
ajfa-9359	1	136	the	the	DET
ajfa-9359	1	137	capital	capital	NOUN
ajfa-9359	1	138	structure	structure	NOUN
ajfa-9359	1	139	.	.	PUNCT
ajfa-9359	2	1	thus	thus	ADV
ajfa-9359	2	2	,	,	PUNCT
ajfa-9359	2	3	six	six	NUM
ajfa-9359	2	4	firm	firm	ADJ
ajfa-9359	2	5	level	level	NOUN
ajfa-9359	2	6	explanatory	explanatory	ADJ
ajfa-9359	2	7	variables	variable	NOUN
ajfa-9359	2	8	(	(	PUNCT
ajfa-9359	2	9	namely	namely	ADV
ajfa-9359	2	10	:	:	PUNCT
ajfa-9359	2	11	liquidity	liquidity	NOUN
ajfa-9359	2	12	,	,	PUNCT
ajfa-9359	2	13	profitability	profitability	NOUN
ajfa-9359	2	14	,	,	PUNCT
ajfa-9359	2	15	growth	growth	NOUN
ajfa-9359	2	16	,	,	PUNCT
ajfa-9359	2	17	non	non	ADJ
ajfa-9359	2	18	-	-	ADJ
ajfa-9359	2	19	debt	debt	ADJ
ajfa-9359	2	20	tax	tax	NOUN
ajfa-9359	2	21	shield	shield	NOUN
ajfa-9359	2	22	,	,	PUNCT
ajfa-9359	2	23	tangibility	tangibility	NOUN
ajfa-9359	2	24	and	and	CCONJ
ajfa-9359	2	25	size	size	NOUN
ajfa-9359	2	26	)	)	PUNCT
ajfa-9359	2	27	are	be	AUX
ajfa-9359	2	28	selected	select	VERB
ajfa-9359	2	29	and	and	CCONJ
ajfa-9359	2	30	regressed	regress	VERB
ajfa-9359	2	31	against	against	ADP
ajfa-9359	2	32	the	the	DET
ajfa-9359	2	33	appropriate	appropriate	ADJ
ajfa-9359	2	34	capital	capital	NOUN
ajfa-9359	2	35	structure	structure	NOUN
ajfa-9359	2	36	measure	measure	NOUN
ajfa-9359	2	37	,	,	PUNCT
ajfa-9359	2	38	leverage	leverage	NOUN
ajfa-9359	2	39	,	,	PUNCT
ajfa-9359	2	40	the	the	DET
ajfa-9359	2	41	ratio	ratio	NOUN
ajfa-9359	2	42	of	of	ADP
ajfa-9359	2	43	total	total	ADJ
ajfa-9359	2	44	debt	debt	NOUN
ajfa-9359	2	45	to	to	ADP
ajfa-9359	2	46	book	book	NOUN
ajfa-9359	2	47	value	value	NOUN
ajfa-9359	2	48	of	of	ADP
ajfa-9359	2	49	total	total	ADJ
ajfa-9359	2	50	assets	asset	NOUN
ajfa-9359	2	51	.	.	PUNCT
ajfa-9359	3	1	the	the	DET
ajfa-9359	3	2	data	datum	NOUN
ajfa-9359	3	3	is	be	AUX
ajfa-9359	3	4	collected	collect	VERB
ajfa-9359	3	5	from	from	ADP
ajfa-9359	3	6	secondary	secondary	ADJ
ajfa-9359	3	7	sources	source	NOUN
ajfa-9359	3	8	depending	depend	VERB
ajfa-9359	3	9	on	on	ADP
ajfa-9359	3	10	the	the	DET
ajfa-9359	3	11	data	datum	NOUN
ajfa-9359	3	12	from	from	ADP
ajfa-9359	3	13	the	the	DET
ajfa-9359	3	14	datastream	datastream	ADJ
ajfa-9359	3	15	database	database	NOUN
ajfa-9359	3	16	.	.	PUNCT
ajfa-9359	4	1	the	the	DET
ajfa-9359	4	2	major	major	ADJ
ajfa-9359	4	3	findings	finding	NOUN
ajfa-9359	4	4	of	of	ADP
ajfa-9359	4	5	the	the	DET
ajfa-9359	4	6	study	study	NOUN
ajfa-9359	4	7	indicate	indicate	VERB
ajfa-9359	4	8	that	that	SCONJ
ajfa-9359	4	9	tangibility	tangibility	NOUN
ajfa-9359	4	10	,	,	PUNCT
ajfa-9359	4	11	profitability	profitability	NOUN
ajfa-9359	4	12	,	,	PUNCT
ajfa-9359	4	13	size	size	NOUN
ajfa-9359	4	14	,	,	PUNCT
ajfa-9359	4	15	liquidity	liquidity	NOUN
ajfa-9359	4	16	and	and	CCONJ
ajfa-9359	4	17	non	non	ADJ
ajfa-9359	4	18	-	-	ADJ
ajfa-9359	4	19	debt	debt	ADJ
ajfa-9359	4	20	tax	tax	NOUN
ajfa-9359	4	21	shield	shield	NOUN
ajfa-9359	4	22	are	be	AUX
ajfa-9359	4	23	the	the	DET
ajfa-9359	4	24	significant	significant	ADJ
ajfa-9359	4	25	determinants	determinant	NOUN
ajfa-9359	4	26	of	of	ADP
ajfa-9359	4	27	capital	capital	NOUN
ajfa-9359	4	28	structure	structure	NOUN
ajfa-9359	4	29	of	of	ADP
ajfa-9359	4	30	oil	oil	NOUN
ajfa-9359	4	31	and	and	CCONJ
ajfa-9359	4	32	gas	gas	NOUN
ajfa-9359	4	33	firms	firm	NOUN
ajfa-9359	4	34	,	,	PUNCT
ajfa-9359	4	35	while	while	SCONJ
ajfa-9359	4	36	growth	growth	NOUN
ajfa-9359	4	37	is	be	AUX
ajfa-9359	4	38	considered	consider	VERB
ajfa-9359	4	39	insignificant	insignificant	ADJ
ajfa-9359	4	40	.	.	PUNCT
ajfa-9359	5	1	the	the	DET
ajfa-9359	5	2	capital	capital	NOUN
ajfa-9359	5	3	structure	structure	NOUN
ajfa-9359	5	4	is	be	AUX
ajfa-9359	5	5	analyzed	analyze	VERB
ajfa-9359	5	6	in	in	ADP
ajfa-9359	5	7	terms	term	NOUN
ajfa-9359	5	8	of	of	ADP
ajfa-9359	5	9	the	the	DET
ajfa-9359	5	10	three	three	NUM
ajfa-9359	5	11	main	main	ADJ
ajfa-9359	5	12	theories	theory	NOUN
ajfa-9359	5	13	of	of	ADP
ajfa-9359	5	14	capital	capital	NOUN
ajfa-9359	5	15	structure	structure	NOUN
ajfa-9359	5	16	:	:	PUNCT
ajfa-9359	5	17	trade	trade	NOUN
ajfa-9359	5	18	-	-	PUNCT
ajfa-9359	5	19	off	off	ADP
ajfa-9359	5	20	theory	theory	NOUN
ajfa-9359	5	21	,	,	PUNCT
ajfa-9359	5	22	pecking	pecking	NOUN
ajfa-9359	5	23	order	order	NOUN
ajfa-9359	5	24	theory	theory	NOUN
ajfa-9359	5	25	,	,	PUNCT
ajfa-9359	5	26	and	and	CCONJ
ajfa-9359	5	27	agency	agency	NOUN
ajfa-9359	5	28	cost	cost	NOUN
ajfa-9359	5	29	theory	theory	NOUN
ajfa-9359	5	30	.	.	PUNCT
ajfa-9359	6	1	finally	finally	ADV
ajfa-9359	6	2	,	,	PUNCT
ajfa-9359	6	3	the	the	DET
ajfa-9359	6	4	global	global	ADJ
ajfa-9359	6	5	financial	financial	ADJ
ajfa-9359	6	6	crisis	crisis	NOUN
ajfa-9359	6	7	has	have	VERB
ajfa-9359	6	8	to	to	ADP
ajfa-9359	6	9	some	some	DET
ajfa-9359	6	10	extent	extent	NOUN
ajfa-9359	6	11	a	a	DET
ajfa-9359	6	12	significant	significant	ADJ
ajfa-9359	6	13	impact	impact	NOUN
ajfa-9359	6	14	on	on	ADP
ajfa-9359	6	15	the	the	DET
ajfa-9359	6	16	capital	capital	NOUN
ajfa-9359	6	17	structure	structure	NOUN
ajfa-9359	6	18	determinants	determinant	NOUN
ajfa-9359	6	19	of	of	ADP
ajfa-9359	6	20	oil	oil	NOUN
ajfa-9359	6	21	and	and	CCONJ
ajfa-9359	6	22	gas	gas	NOUN
ajfa-9359	6	23	firms	firm	NOUN
ajfa-9359	6	24	and	and	CCONJ
ajfa-9359	6	25	has	have	VERB
ajfa-9359	6	26	no	no	DET
ajfa-9359	6	27	significant	significant	ADJ
ajfa-9359	6	28	impact	impact	NOUN
ajfa-9359	6	29	on	on	ADP
ajfa-9359	6	30	liquidity	liquidity	NOUN
ajfa-9359	6	31	,	,	PUNCT
ajfa-9359	6	32	as	as	SCONJ
ajfa-9359	6	33	indicated	indicate	VERB
ajfa-9359	6	34	by	by	ADP
ajfa-9359	6	35	the	the	DET
ajfa-9359	6	36	ols	ol	NOUN
ajfa-9359	6	37	regression	regression	NOUN
ajfa-9359	6	38	analysis	analysis	NOUN
ajfa-9359	6	39	results	result	NOUN
ajfa-9359	6	40	.	.	PUNCT
ajfa-9359	7	1	keywords	keyword	NOUN
ajfa-9359	7	2	:	:	PUNCT
ajfa-9359	7	3	capital	capital	NOUN
ajfa-9359	7	4	structure	structure	NOUN
ajfa-9359	7	5	,	,	PUNCT
ajfa-9359	7	6	global	global	ADJ
ajfa-9359	7	7	oil	oil	NOUN
ajfa-9359	7	8	and	and	CCONJ
ajfa-9359	7	9	gas	gas	NOUN
ajfa-9359	7	10	index	index	NOUN
ajfa-9359	7	11	,	,	PUNCT
ajfa-9359	7	12	leverage	leverage	NOUN
ajfa-9359	7	13	,	,	PUNCT
ajfa-9359	7	14	tangibility	tangibility	NOUN
ajfa-9359	7	15	,	,	PUNCT
ajfa-9359	7	16	liquidity	liquidity	NOUN
ajfa-9359	7	17	,	,	PUNCT
ajfa-9359	7	18	size	size	NOUN
ajfa-9359	7	19	,	,	PUNCT
ajfa-9359	7	20	profitability	profitability	NOUN
ajfa-9359	7	21	,	,	PUNCT
ajfa-9359	7	22	growth	growth	NOUN
ajfa-9359	7	23	,	,	PUNCT
ajfa-9359	7	24	and	and	CCONJ
ajfa-9359	7	25	the	the	DET
ajfa-9359	7	26	global	global	ADJ
ajfa-9359	7	27	financial	financial	ADJ
ajfa-9359	7	28	crisis	crisis	NOUN
ajfa-9359	7	29	.	.	PUNCT
ajfa-9359	8	1	asian	asian	ADJ
ajfa-9359	8	2	journal	journal	PROPN
ajfa-9359	8	3	of	of	ADP
ajfa-9359	8	4	finance	finance	PROPN
ajfa-9359	8	5	&	&	CCONJ
ajfa-9359	8	6	accounting	accounting	PROPN
ajfa-9359	8	7	issn	issn	PROPN
ajfa-9359	8	8	1946	1946	NUM
ajfa-9359	8	9	-	-	PUNCT
ajfa-9359	8	10	052x	052x	PROPN
ajfa-9359	8	11	2017	2017	NUM
ajfa-9359	8	12	,	,	PUNCT
ajfa-9359	8	13	vol	vol	NOUN
ajfa-9359	8	14	.	.	NOUN
ajfa-9359	8	15	9	9	NUM
ajfa-9359	8	16	,	,	PUNCT
ajfa-9359	8	17	no	no	INTJ
ajfa-9359	8	18	.	.	NOUN
ajfa-9359	8	19	1	1	NUM
ajfa-9359	8	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	8	21	2	2	NUM
ajfa-9359	8	22	1	1	NUM
ajfa-9359	8	23	.	.	PUNCT
ajfa-9359	9	1	introduction	introduction	NOUN
ajfa-9359	9	2	1.1	1.1	NUM
ajfa-9359	9	3	background	background	NOUN
ajfa-9359	9	4	of	of	ADP
ajfa-9359	9	5	the	the	DET
ajfa-9359	9	6	study	study	NOUN
ajfa-9359	9	7	capital	capital	NOUN
ajfa-9359	9	8	structure	structure	NOUN
ajfa-9359	9	9	is	be	AUX
ajfa-9359	9	10	a	a	DET
ajfa-9359	9	11	very	very	ADV
ajfa-9359	9	12	important	important	ADJ
ajfa-9359	9	13	topic	topic	NOUN
ajfa-9359	9	14	in	in	ADP
ajfa-9359	9	15	corporate	corporate	ADJ
ajfa-9359	9	16	finance	finance	NOUN
ajfa-9359	9	17	field	field	NOUN
ajfa-9359	9	18	since	since	SCONJ
ajfa-9359	9	19	it	it	PRON
ajfa-9359	9	20	has	have	VERB
ajfa-9359	9	21	a	a	DET
ajfa-9359	9	22	very	very	ADV
ajfa-9359	9	23	significant	significant	ADJ
ajfa-9359	9	24	effect	effect	NOUN
ajfa-9359	9	25	on	on	ADP
ajfa-9359	9	26	the	the	DET
ajfa-9359	9	27	firm	firm	ADJ
ajfa-9359	9	28	financial	financial	ADJ
ajfa-9359	9	29	performance	performance	NOUN
ajfa-9359	9	30	and	and	CCONJ
ajfa-9359	9	31	efficiency	efficiency	NOUN
ajfa-9359	9	32	.	.	PUNCT
ajfa-9359	10	1	pandey	pandey	PROPN
ajfa-9359	10	2	(	(	PUNCT
ajfa-9359	10	3	2005	2005	NUM
ajfa-9359	10	4	)	)	PUNCT
ajfa-9359	10	5	defines	define	VERB
ajfa-9359	10	6	capital	capital	NOUN
ajfa-9359	10	7	structure	structure	NOUN
ajfa-9359	10	8	as	as	ADP
ajfa-9359	10	9	a	a	DET
ajfa-9359	10	10	decision	decision	NOUN
ajfa-9359	10	11	made	make	VERB
ajfa-9359	10	12	by	by	ADP
ajfa-9359	10	13	firms	firm	NOUN
ajfa-9359	10	14	regarding	regard	VERB
ajfa-9359	10	15	suitable	suitable	ADJ
ajfa-9359	10	16	financing	financing	NOUN
ajfa-9359	10	17	sources	source	NOUN
ajfa-9359	10	18	i.e.	i.e.	X
ajfa-9359	10	19	whether	whether	SCONJ
ajfa-9359	10	20	they	they	PRON
ajfa-9359	10	21	should	should	AUX
ajfa-9359	10	22	use	use	VERB
ajfa-9359	10	23	external	external	ADJ
ajfa-9359	10	24	or	or	CCONJ
ajfa-9359	10	25	internal	internal	ADJ
ajfa-9359	10	26	resource	resource	NOUN
ajfa-9359	10	27	of	of	ADP
ajfa-9359	10	28	financing	financing	NOUN
ajfa-9359	10	29	or	or	CCONJ
ajfa-9359	10	30	both	both	PRON
ajfa-9359	10	31	.	.	PUNCT
ajfa-9359	11	1	according	accord	VERB
ajfa-9359	11	2	to	to	ADP
ajfa-9359	11	3	brealey	brealey	NOUN
ajfa-9359	11	4	and	and	CCONJ
ajfa-9359	11	5	myers	myers	PROPN
ajfa-9359	11	6	(	(	PUNCT
ajfa-9359	11	7	1991	1991	NUM
ajfa-9359	11	8	)	)	PUNCT
ajfa-9359	11	9	,	,	PUNCT
ajfa-9359	11	10	the	the	DET
ajfa-9359	11	11	financing	financing	NOUN
ajfa-9359	11	12	sources	source	NOUN
ajfa-9359	11	13	of	of	ADP
ajfa-9359	11	14	any	any	DET
ajfa-9359	11	15	firm	firm	NOUN
ajfa-9359	11	16	are	be	AUX
ajfa-9359	11	17	equity	equity	NOUN
ajfa-9359	11	18	,	,	PUNCT
ajfa-9359	11	19	debt	debt	NOUN
ajfa-9359	11	20	,	,	PUNCT
ajfa-9359	11	21	or	or	CCONJ
ajfa-9359	11	22	hybrid	hybrid	ADJ
ajfa-9359	11	23	securities	security	NOUN
ajfa-9359	11	24	that	that	PRON
ajfa-9359	11	25	the	the	DET
ajfa-9359	11	26	firm	firm	ADJ
ajfa-9359	11	27	issues	issue	NOUN
ajfa-9359	11	28	.	.	PUNCT
ajfa-9359	12	1	however	however	ADV
ajfa-9359	12	2	,	,	PUNCT
ajfa-9359	12	3	leverage	leverage	NOUN
ajfa-9359	12	4	is	be	AUX
ajfa-9359	12	5	known	know	VERB
ajfa-9359	12	6	as	as	ADP
ajfa-9359	12	7	the	the	DET
ajfa-9359	12	8	amount	amount	NOUN
ajfa-9359	12	9	of	of	ADP
ajfa-9359	12	10	debt	debt	NOUN
ajfa-9359	12	11	used	use	VERB
ajfa-9359	12	12	by	by	ADP
ajfa-9359	12	13	a	a	DET
ajfa-9359	12	14	firm	firm	NOUN
ajfa-9359	12	15	to	to	PART
ajfa-9359	12	16	finance	finance	VERB
ajfa-9359	12	17	its	its	PRON
ajfa-9359	12	18	assets	asset	NOUN
ajfa-9359	12	19	is	be	AUX
ajfa-9359	12	20	termed	term	VERB
ajfa-9359	12	21	leverage	leverage	NOUN
ajfa-9359	12	22	;	;	PUNCT
ajfa-9359	12	23	firms	firm	NOUN
ajfa-9359	12	24	that	that	PRON
ajfa-9359	12	25	have	have	VERB
ajfa-9359	12	26	a	a	DET
ajfa-9359	12	27	lot	lot	NOUN
ajfa-9359	12	28	of	of	ADP
ajfa-9359	12	29	debt	debt	NOUN
ajfa-9359	12	30	in	in	ADP
ajfa-9359	12	31	their	their	PRON
ajfa-9359	12	32	capital	capital	NOUN
ajfa-9359	12	33	structure	structure	NOUN
ajfa-9359	12	34	are	be	AUX
ajfa-9359	12	35	called	call	VERB
ajfa-9359	12	36	highly	highly	ADV
ajfa-9359	12	37	levered	lever	VERB
ajfa-9359	12	38	firms	firm	NOUN
ajfa-9359	12	39	,	,	PUNCT
ajfa-9359	12	40	while	while	SCONJ
ajfa-9359	12	41	firms	firm	NOUN
ajfa-9359	12	42	that	that	PRON
ajfa-9359	12	43	have	have	VERB
ajfa-9359	12	44	no	no	DET
ajfa-9359	12	45	debt	debt	NOUN
ajfa-9359	12	46	are	be	AUX
ajfa-9359	12	47	called	call	VERB
ajfa-9359	12	48	unlevered	unlevered	ADJ
ajfa-9359	12	49	firms	firm	NOUN
ajfa-9359	12	50	.	.	PUNCT
ajfa-9359	13	1	overall	overall	ADV
ajfa-9359	13	2	,	,	PUNCT
ajfa-9359	13	3	the	the	DET
ajfa-9359	13	4	capital	capital	NOUN
ajfa-9359	13	5	structure	structure	NOUN
ajfa-9359	13	6	decision	decision	NOUN
ajfa-9359	13	7	focuses	focus	VERB
ajfa-9359	13	8	on	on	ADP
ajfa-9359	13	9	both	both	CCONJ
ajfa-9359	13	10	the	the	DET
ajfa-9359	13	11	impact	impact	NOUN
ajfa-9359	13	12	of	of	ADP
ajfa-9359	13	13	leverage	leverage	NOUN
ajfa-9359	13	14	and	and	CCONJ
ajfa-9359	13	15	the	the	DET
ajfa-9359	13	16	impact	impact	NOUN
ajfa-9359	13	17	of	of	ADP
ajfa-9359	13	18	the	the	DET
ajfa-9359	13	19	different	different	ADJ
ajfa-9359	13	20	outcomes	outcome	NOUN
ajfa-9359	13	21	on	on	ADP
ajfa-9359	13	22	the	the	DET
ajfa-9359	13	23	firm	firm	NOUN
ajfa-9359	13	24	’s	’s	PART
ajfa-9359	13	25	value	value	NOUN
ajfa-9359	13	26	as	as	ADV
ajfa-9359	13	27	well	well	ADV
ajfa-9359	13	28	as	as	ADP
ajfa-9359	13	29	the	the	DET
ajfa-9359	13	30	capital	capital	NOUN
ajfa-9359	13	31	cost	cost	NOUN
ajfa-9359	13	32	.	.	PUNCT
ajfa-9359	14	1	it	it	PRON
ajfa-9359	14	2	is	be	AUX
ajfa-9359	14	3	one	one	NUM
ajfa-9359	14	4	of	of	ADP
ajfa-9359	14	5	the	the	DET
ajfa-9359	14	6	most	most	ADV
ajfa-9359	14	7	significant	significant	ADJ
ajfa-9359	14	8	decisions	decision	NOUN
ajfa-9359	14	9	made	make	VERB
ajfa-9359	14	10	by	by	ADP
ajfa-9359	14	11	financial	financial	ADJ
ajfa-9359	14	12	managers	manager	NOUN
ajfa-9359	14	13	of	of	ADP
ajfa-9359	14	14	any	any	DET
ajfa-9359	14	15	company	company	NOUN
ajfa-9359	14	16	.	.	PUNCT
ajfa-9359	15	1	maximizing	maximize	VERB
ajfa-9359	15	2	the	the	DET
ajfa-9359	15	3	company	company	NOUN
ajfa-9359	15	4	shareholders	shareholder	NOUN
ajfa-9359	15	5	’	’	PART
ajfa-9359	15	6	wealth	wealth	NOUN
ajfa-9359	15	7	with	with	ADP
ajfa-9359	15	8	low	low	ADJ
ajfa-9359	15	9	cost	cost	NOUN
ajfa-9359	15	10	of	of	ADP
ajfa-9359	15	11	capital	capital	NOUN
ajfa-9359	15	12	is	be	AUX
ajfa-9359	15	13	considered	consider	VERB
ajfa-9359	15	14	the	the	DET
ajfa-9359	15	15	main	main	ADJ
ajfa-9359	15	16	objective	objective	NOUN
ajfa-9359	15	17	of	of	ADP
ajfa-9359	15	18	corporate	corporate	ADJ
ajfa-9359	15	19	financial	financial	ADJ
ajfa-9359	15	20	managers	manager	NOUN
ajfa-9359	15	21	.	.	PUNCT
ajfa-9359	16	1	thus	thus	ADV
ajfa-9359	16	2	,	,	PUNCT
ajfa-9359	16	3	capital	capital	NOUN
ajfa-9359	16	4	structure	structure	NOUN
ajfa-9359	16	5	is	be	AUX
ajfa-9359	16	6	considered	consider	VERB
ajfa-9359	16	7	an	an	DET
ajfa-9359	16	8	efficient	efficient	ADJ
ajfa-9359	16	9	management	management	NOUN
ajfa-9359	16	10	tool	tool	NOUN
ajfa-9359	16	11	for	for	ADP
ajfa-9359	16	12	managing	manage	VERB
ajfa-9359	16	13	the	the	DET
ajfa-9359	16	14	capital	capital	NOUN
ajfa-9359	16	15	cost	cost	NOUN
ajfa-9359	16	16	.	.	PUNCT
ajfa-9359	17	1	once	once	SCONJ
ajfa-9359	17	2	the	the	DET
ajfa-9359	17	3	cost	cost	NOUN
ajfa-9359	17	4	of	of	ADP
ajfa-9359	17	5	capital	capital	NOUN
ajfa-9359	17	6	is	be	AUX
ajfa-9359	17	7	minimal	minimal	ADJ
ajfa-9359	17	8	,	,	PUNCT
ajfa-9359	17	9	the	the	DET
ajfa-9359	17	10	optimal	optimal	ADJ
ajfa-9359	17	11	capital	capital	NOUN
ajfa-9359	17	12	structure	structure	NOUN
ajfa-9359	17	13	is	be	AUX
ajfa-9359	17	14	achieved	achieve	VERB
ajfa-9359	17	15	.	.	PUNCT
ajfa-9359	18	1	therefore	therefore	ADV
ajfa-9359	18	2	,	,	PUNCT
ajfa-9359	18	3	investigating	investigate	VERB
ajfa-9359	18	4	the	the	DET
ajfa-9359	18	5	determinants	determinant	NOUN
ajfa-9359	18	6	of	of	ADP
ajfa-9359	18	7	capital	capital	NOUN
ajfa-9359	18	8	structure	structure	NOUN
ajfa-9359	18	9	is	be	AUX
ajfa-9359	18	10	very	very	ADV
ajfa-9359	18	11	important	important	ADJ
ajfa-9359	18	12	for	for	ADP
ajfa-9359	18	13	reaching	reach	VERB
ajfa-9359	18	14	the	the	DET
ajfa-9359	18	15	optimal	optimal	ADJ
ajfa-9359	18	16	capital	capital	NOUN
ajfa-9359	18	17	structure	structure	NOUN
ajfa-9359	18	18	for	for	ADP
ajfa-9359	18	19	any	any	DET
ajfa-9359	18	20	company	company	NOUN
ajfa-9359	18	21	.	.	PUNCT
ajfa-9359	19	1	for	for	ADP
ajfa-9359	19	2	this	this	DET
ajfa-9359	19	3	reason	reason	NOUN
ajfa-9359	19	4	,	,	PUNCT
ajfa-9359	19	5	the	the	DET
ajfa-9359	19	6	literature	literature	NOUN
ajfa-9359	19	7	contains	contain	VERB
ajfa-9359	19	8	numerous	numerous	ADJ
ajfa-9359	19	9	studies	study	NOUN
ajfa-9359	19	10	conducted	conduct	VERB
ajfa-9359	19	11	to	to	PART
ajfa-9359	19	12	examine	examine	VERB
ajfa-9359	19	13	the	the	DET
ajfa-9359	19	14	capital	capital	NOUN
ajfa-9359	19	15	structure	structure	NOUN
ajfa-9359	19	16	determinants	determinant	NOUN
ajfa-9359	19	17	in	in	ADP
ajfa-9359	19	18	many	many	ADJ
ajfa-9359	19	19	countries	country	NOUN
ajfa-9359	19	20	and	and	CCONJ
ajfa-9359	19	21	to	to	PART
ajfa-9359	19	22	find	find	VERB
ajfa-9359	19	23	the	the	DET
ajfa-9359	19	24	similarities	similarity	NOUN
ajfa-9359	19	25	as	as	ADV
ajfa-9359	19	26	well	well	ADV
ajfa-9359	19	27	as	as	ADP
ajfa-9359	19	28	the	the	DET
ajfa-9359	19	29	differences	difference	NOUN
ajfa-9359	19	30	in	in	ADP
ajfa-9359	19	31	capital	capital	NOUN
ajfa-9359	19	32	structure	structure	NOUN
ajfa-9359	19	33	choices	choice	NOUN
ajfa-9359	19	34	among	among	ADP
ajfa-9359	19	35	different	different	ADJ
ajfa-9359	19	36	countries	country	NOUN
ajfa-9359	19	37	and	and	CCONJ
ajfa-9359	19	38	among	among	ADP
ajfa-9359	19	39	different	different	ADJ
ajfa-9359	19	40	industries	industry	NOUN
ajfa-9359	19	41	even	even	ADV
ajfa-9359	19	42	in	in	ADP
ajfa-9359	19	43	the	the	DET
ajfa-9359	19	44	same	same	ADJ
ajfa-9359	19	45	country	country	NOUN
ajfa-9359	19	46	.	.	PUNCT
ajfa-9359	20	1	example	example	NOUN
ajfa-9359	20	2	includes	include	VERB
ajfa-9359	20	3	bradley	bradley	PROPN
ajfa-9359	20	4	et	et	PROPN
ajfa-9359	20	5	al	al	PROPN
ajfa-9359	20	6	study	study	PROPN
ajfa-9359	20	7	in(1984	in(1984	PROPN
ajfa-9359	20	8	)	)	PUNCT
ajfa-9359	20	9	,	,	PUNCT
ajfa-9359	20	10	rajan	rajan	NOUN
ajfa-9359	20	11	and	and	CCONJ
ajfa-9359	20	12	zingalesstudy	zingalesstudy	VERB
ajfa-9359	20	13	in	in	ADP
ajfa-9359	20	14	(	(	PUNCT
ajfa-9359	20	15	1995	1995	NUM
ajfa-9359	20	16	)	)	PUNCT
ajfa-9359	20	17	,	,	PUNCT
ajfa-9359	20	18	ojah	ojah	PROPN
ajfa-9359	20	19	and	and	CCONJ
ajfa-9359	20	20	gwatidzo	gwatidzo	PROPN
ajfa-9359	20	21	’s	’s	PART
ajfa-9359	20	22	study	study	NOUN
ajfa-9359	20	23	in	in	ADP
ajfa-9359	20	24	(	(	PUNCT
ajfa-9359	20	25	2009	2009	NUM
ajfa-9359	20	26	)	)	PUNCT
ajfa-9359	20	27	,	,	PUNCT
ajfa-9359	20	28	and	and	CCONJ
ajfa-9359	20	29	muzir	muzir	NOUN
ajfa-9359	20	30	’s	’s	PART
ajfa-9359	20	31	study	study	NOUN
ajfa-9359	20	32	in	in	ADP
ajfa-9359	20	33	(	(	PUNCT
ajfa-9359	20	34	2011	2011	NUM
ajfa-9359	20	35	)	)	PUNCT
ajfa-9359	20	36	.	.	PUNCT
ajfa-9359	21	1	according	accord	VERB
ajfa-9359	21	2	to	to	ADP
ajfa-9359	21	3	bradley	bradley	PROPN
ajfa-9359	21	4	et	et	PROPN
ajfa-9359	21	5	al	al	PROPN
ajfa-9359	21	6	.	.	PROPN
ajfa-9359	22	1	(	(	PUNCT
ajfa-9359	22	2	1984	1984	NUM
ajfa-9359	22	3	)	)	PUNCT
ajfa-9359	22	4	,	,	PUNCT
ajfa-9359	22	5	there	there	PRON
ajfa-9359	22	6	is	be	VERB
ajfa-9359	22	7	a	a	DET
ajfa-9359	22	8	correlation	correlation	NOUN
ajfa-9359	22	9	between	between	ADP
ajfa-9359	22	10	the	the	DET
ajfa-9359	22	11	industry	industry	NOUN
ajfa-9359	22	12	nature	nature	NOUN
ajfa-9359	22	13	that	that	PRON
ajfa-9359	22	14	the	the	DET
ajfa-9359	22	15	firm	firm	NOUN
ajfa-9359	22	16	operates	operate	VERB
ajfa-9359	22	17	in	in	ADP
ajfa-9359	22	18	and	and	CCONJ
ajfa-9359	22	19	the	the	DET
ajfa-9359	22	20	capital	capital	NOUN
ajfa-9359	22	21	structure	structure	NOUN
ajfa-9359	22	22	choice	choice	NOUN
ajfa-9359	22	23	.	.	PUNCT
ajfa-9359	23	1	harris	harris	PROPN
ajfa-9359	23	2	and	and	CCONJ
ajfa-9359	23	3	raviv	raviv	PROPN
ajfa-9359	23	4	(	(	PUNCT
ajfa-9359	23	5	1991	1991	NUM
ajfa-9359	23	6	)	)	PUNCT
ajfa-9359	23	7	state	state	NOUN
ajfa-9359	23	8	that	that	SCONJ
ajfa-9359	23	9	the	the	DET
ajfa-9359	23	10	ratios	ratio	NOUN
ajfa-9359	23	11	of	of	ADP
ajfa-9359	23	12	leverage	leverage	NOUN
ajfa-9359	23	13	seem	seem	VERB
ajfa-9359	23	14	to	to	PART
ajfa-9359	23	15	be	be	AUX
ajfa-9359	23	16	nearly	nearly	ADV
ajfa-9359	23	17	the	the	DET
ajfa-9359	23	18	same	same	ADJ
ajfa-9359	23	19	for	for	ADP
ajfa-9359	23	20	firms	firm	NOUN
ajfa-9359	23	21	that	that	PRON
ajfa-9359	23	22	are	be	AUX
ajfa-9359	23	23	in	in	ADP
ajfa-9359	23	24	the	the	DET
ajfa-9359	23	25	same	same	ADJ
ajfa-9359	23	26	industry	industry	NOUN
ajfa-9359	23	27	and	and	CCONJ
ajfa-9359	23	28	dissimilar	dissimilar	ADJ
ajfa-9359	23	29	between	between	ADP
ajfa-9359	23	30	different	different	ADJ
ajfa-9359	23	31	industries	industry	NOUN
ajfa-9359	23	32	;	;	PUNCT
ajfa-9359	23	33	talberg	talberg	PROPN
ajfa-9359	23	34	et	et	PROPN
ajfa-9359	23	35	al	al	PROPN
ajfa-9359	23	36	.	.	PROPN
ajfa-9359	23	37	(	(	PUNCT
ajfa-9359	23	38	2008	2008	NUM
ajfa-9359	23	39	)	)	PUNCT
ajfa-9359	23	40	indicate	indicate	VERB
ajfa-9359	23	41	that	that	SCONJ
ajfa-9359	23	42	industry	industry	NOUN
ajfa-9359	23	43	specific	specific	ADJ
ajfa-9359	23	44	characteristics	characteristic	NOUN
ajfa-9359	23	45	significantly	significantly	ADV
ajfa-9359	23	46	affect	affect	VERB
ajfa-9359	23	47	the	the	DET
ajfa-9359	23	48	capital	capital	NOUN
ajfa-9359	23	49	structure	structure	NOUN
ajfa-9359	23	50	decision	decision	NOUN
ajfa-9359	23	51	of	of	ADP
ajfa-9359	23	52	a	a	DET
ajfa-9359	23	53	firm	firm	NOUN
ajfa-9359	23	54	.	.	PUNCT
ajfa-9359	24	1	according	accord	VERB
ajfa-9359	24	2	to	to	ADP
ajfa-9359	24	3	baker	baker	PROPN
ajfa-9359	24	4	and	and	CCONJ
ajfa-9359	24	5	martin	martin	PROPN
ajfa-9359	24	6	(	(	PUNCT
ajfa-9359	24	7	2011	2011	NUM
ajfa-9359	24	8	)	)	PUNCT
ajfa-9359	24	9	,	,	PUNCT
ajfa-9359	24	10	the	the	DET
ajfa-9359	24	11	effects	effect	NOUN
ajfa-9359	24	12	of	of	ADP
ajfa-9359	24	13	industry	industry	NOUN
ajfa-9359	24	14	nature	nature	NOUN
ajfa-9359	24	15	on	on	ADP
ajfa-9359	24	16	capital	capital	NOUN
ajfa-9359	24	17	structure	structure	NOUN
ajfa-9359	24	18	decisions	decision	NOUN
ajfa-9359	24	19	are	be	AUX
ajfa-9359	24	20	very	very	ADV
ajfa-9359	24	21	significant	significant	ADJ
ajfa-9359	24	22	,	,	PUNCT
ajfa-9359	24	23	either	either	CCONJ
ajfa-9359	24	24	because	because	SCONJ
ajfa-9359	24	25	firm	firm	ADJ
ajfa-9359	24	26	financial	financial	ADJ
ajfa-9359	24	27	managers	manager	NOUN
ajfa-9359	24	28	utilize	utilize	VERB
ajfa-9359	24	29	industry	industry	NOUN
ajfa-9359	24	30	median	median	ADJ
ajfa-9359	24	31	leverage	leverage	NOUN
ajfa-9359	24	32	as	as	ADP
ajfa-9359	24	33	a	a	DET
ajfa-9359	24	34	point	point	NOUN
ajfa-9359	24	35	of	of	ADP
ajfa-9359	24	36	reference	reference	NOUN
ajfa-9359	24	37	for	for	ADP
ajfa-9359	24	38	the	the	DET
ajfa-9359	24	39	leverage	leverage	NOUN
ajfa-9359	24	40	of	of	ADP
ajfa-9359	24	41	their	their	PRON
ajfa-9359	24	42	own	own	ADJ
ajfa-9359	24	43	firms	firm	NOUN
ajfa-9359	24	44	or	or	CCONJ
ajfa-9359	24	45	because	because	SCONJ
ajfa-9359	24	46	the	the	DET
ajfa-9359	24	47	effects	effect	NOUN
ajfa-9359	24	48	of	of	ADP
ajfa-9359	24	49	industry	industry	NOUN
ajfa-9359	24	50	nature	nature	NOUN
ajfa-9359	24	51	are	be	AUX
ajfa-9359	24	52	a	a	DET
ajfa-9359	24	53	sign	sign	NOUN
ajfa-9359	24	54	of	of	ADP
ajfa-9359	24	55	a	a	DET
ajfa-9359	24	56	set	set	NOUN
ajfa-9359	24	57	of	of	ADP
ajfa-9359	24	58	interrelated	interrelated	ADJ
ajfa-9359	24	59	factors	factor	NOUN
ajfa-9359	24	60	.	.	PUNCT
ajfa-9359	25	1	in	in	ADP
ajfa-9359	25	2	view	view	NOUN
ajfa-9359	25	3	of	of	ADP
ajfa-9359	25	4	this	this	DET
ajfa-9359	25	5	significance	significance	NOUN
ajfa-9359	25	6	,	,	PUNCT
ajfa-9359	25	7	this	this	DET
ajfa-9359	25	8	study	study	NOUN
ajfa-9359	25	9	examines	examine	VERB
ajfa-9359	25	10	the	the	DET
ajfa-9359	25	11	determinants	determinant	NOUN
ajfa-9359	25	12	of	of	ADP
ajfa-9359	25	13	capital	capital	NOUN
ajfa-9359	25	14	structure	structure	NOUN
ajfa-9359	25	15	of	of	ADP
ajfa-9359	25	16	oil	oil	NOUN
ajfa-9359	25	17	and	and	CCONJ
ajfa-9359	25	18	gas	gas	NOUN
ajfa-9359	25	19	companies	company	NOUN
ajfa-9359	25	20	listed	list	VERB
ajfa-9359	25	21	on	on	ADP
ajfa-9359	25	22	the	the	DET
ajfa-9359	25	23	global	global	ADJ
ajfa-9359	25	24	index	index	NOUN
ajfa-9359	25	25	over	over	ADP
ajfa-9359	25	26	the	the	DET
ajfa-9359	25	27	period	period	NOUN
ajfa-9359	25	28	of	of	ADP
ajfa-9359	25	29	2000	2000	NUM
ajfa-9359	25	30	–	–	PUNCT
ajfa-9359	25	31	2015	2015	NUM
ajfa-9359	25	32	,	,	PUNCT
ajfa-9359	25	33	in	in	ADP
ajfa-9359	25	34	order	order	NOUN
ajfa-9359	25	35	to	to	PART
ajfa-9359	25	36	describe	describe	VERB
ajfa-9359	25	37	the	the	DET
ajfa-9359	25	38	process	process	NOUN
ajfa-9359	25	39	of	of	ADP
ajfa-9359	25	40	decision	decision	NOUN
ajfa-9359	25	41	making	make	VERB
ajfa-9359	25	42	on	on	ADP
ajfa-9359	25	43	the	the	DET
ajfa-9359	25	44	capital	capital	NOUN
ajfa-9359	25	45	structure	structure	NOUN
ajfa-9359	25	46	for	for	ADP
ajfa-9359	25	47	this	this	DET
ajfa-9359	25	48	industry	industry	NOUN
ajfa-9359	25	49	,	,	PUNCT
ajfa-9359	25	50	thus	thus	ADV
ajfa-9359	25	51	contributing	contribute	VERB
ajfa-9359	25	52	to	to	ADP
ajfa-9359	25	53	the	the	DET
ajfa-9359	25	54	existing	exist	VERB
ajfa-9359	25	55	literature	literature	NOUN
ajfa-9359	25	56	of	of	ADP
ajfa-9359	25	57	empirical	empirical	ADJ
ajfa-9359	25	58	research	research	NOUN
ajfa-9359	25	59	in	in	ADP
ajfa-9359	25	60	the	the	DET
ajfa-9359	25	61	field	field	NOUN
ajfa-9359	25	62	of	of	ADP
ajfa-9359	25	63	corporate	corporate	ADJ
ajfa-9359	25	64	finance	finance	NOUN
ajfa-9359	25	65	.	.	PUNCT
ajfa-9359	26	1	additionally	additionally	ADV
ajfa-9359	26	2	,	,	PUNCT
ajfa-9359	26	3	in	in	ADP
ajfa-9359	26	4	view	view	NOUN
ajfa-9359	26	5	of	of	ADP
ajfa-9359	26	6	the	the	DET
ajfa-9359	26	7	fact	fact	NOUN
ajfa-9359	26	8	that	that	SCONJ
ajfa-9359	26	9	this	this	DET
ajfa-9359	26	10	study	study	NOUN
ajfa-9359	26	11	is	be	AUX
ajfa-9359	26	12	about	about	ADP
ajfa-9359	26	13	the	the	DET
ajfa-9359	26	14	determinants	determinant	NOUN
ajfa-9359	26	15	of	of	ADP
ajfa-9359	26	16	capital	capital	NOUN
ajfa-9359	26	17	structure	structure	NOUN
ajfa-9359	26	18	choice	choice	NOUN
ajfa-9359	26	19	over	over	ADP
ajfa-9359	26	20	the	the	DET
ajfa-9359	26	21	period	period	NOUN
ajfa-9359	26	22	of	of	ADP
ajfa-9359	26	23	20002015	20002015	NUM
ajfa-9359	26	24	,	,	PUNCT
ajfa-9359	26	25	the	the	DET
ajfa-9359	26	26	question	question	NOUN
ajfa-9359	26	27	arises	arise	VERB
ajfa-9359	26	28	“	"	PUNCT
ajfa-9359	26	29	is	be	AUX
ajfa-9359	26	30	there	there	PRON
ajfa-9359	26	31	any	any	DET
ajfa-9359	26	32	effect	effect	NOUN
ajfa-9359	26	33	of	of	ADP
ajfa-9359	26	34	the	the	DET
ajfa-9359	26	35	global	global	ADJ
ajfa-9359	26	36	asian	asian	ADJ
ajfa-9359	26	37	journal	journal	NOUN
ajfa-9359	26	38	of	of	ADP
ajfa-9359	26	39	finance	finance	PROPN
ajfa-9359	26	40	&	&	CCONJ
ajfa-9359	26	41	accounting	accounting	PROPN
ajfa-9359	26	42	issn	issn	PROPN
ajfa-9359	26	43	1946	1946	NUM
ajfa-9359	26	44	-	-	PUNCT
ajfa-9359	26	45	052x	052x	PROPN
ajfa-9359	26	46	2017	2017	NUM
ajfa-9359	26	47	,	,	PUNCT
ajfa-9359	26	48	vol	vol	NOUN
ajfa-9359	26	49	.	.	NOUN
ajfa-9359	26	50	9	9	NUM
ajfa-9359	26	51	,	,	PUNCT
ajfa-9359	26	52	no	no	INTJ
ajfa-9359	26	53	.	.	NOUN
ajfa-9359	26	54	1	1	NUM
ajfa-9359	26	55	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	26	56	3	3	NUM
ajfa-9359	26	57	financial	financial	ADJ
ajfa-9359	26	58	crisis	crisis	NOUN
ajfa-9359	26	59	of	of	ADP
ajfa-9359	26	60	2007	2007	NUM
ajfa-9359	26	61	-	-	SYM
ajfa-9359	26	62	2009on	2009on	NOUN
ajfa-9359	26	63	the	the	DET
ajfa-9359	26	64	financing	financing	NOUN
ajfa-9359	26	65	decision	decision	NOUN
ajfa-9359	26	66	?	?	PUNCT
ajfa-9359	26	67	”	"	PUNCT
ajfa-9359	26	68	to	to	ADP
ajfa-9359	26	69	the	the	DET
ajfa-9359	26	70	best	good	ADJ
ajfa-9359	26	71	of	of	ADP
ajfa-9359	26	72	the	the	DET
ajfa-9359	26	73	knowledge	knowledge	NOUN
ajfa-9359	26	74	of	of	ADP
ajfa-9359	26	75	the	the	DET
ajfa-9359	26	76	researcher	researcher	NOUN
ajfa-9359	26	77	,	,	PUNCT
ajfa-9359	26	78	is	be	AUX
ajfa-9359	26	79	no	no	DET
ajfa-9359	26	80	previous	previous	ADJ
ajfa-9359	26	81	research	research	NOUN
ajfa-9359	26	82	has	have	AUX
ajfa-9359	26	83	been	be	AUX
ajfa-9359	26	84	conducted	conduct	VERB
ajfa-9359	26	85	on	on	ADP
ajfa-9359	26	86	investigating	investigate	VERB
ajfa-9359	26	87	the	the	DET
ajfa-9359	26	88	impact	impact	NOUN
ajfa-9359	26	89	of	of	ADP
ajfa-9359	26	90	the	the	DET
ajfa-9359	26	91	global	global	ADJ
ajfa-9359	26	92	financial	financial	ADJ
ajfa-9359	26	93	crisis	crisis	NOUN
ajfa-9359	26	94	of	of	ADP
ajfa-9359	26	95	2007	2007	NUM
ajfa-9359	26	96	-	-	SYM
ajfa-9359	26	97	2009	2009	NUM
ajfa-9359	26	98	on	on	ADP
ajfa-9359	26	99	the	the	DET
ajfa-9359	26	100	capital	capital	NOUN
ajfa-9359	26	101	structure	structure	NOUN
ajfa-9359	26	102	choice	choice	NOUN
ajfa-9359	26	103	in	in	ADP
ajfa-9359	26	104	companies	company	NOUN
ajfa-9359	26	105	of	of	ADP
ajfa-9359	26	106	the	the	DET
ajfa-9359	26	107	oil	oil	NOUN
ajfa-9359	26	108	and	and	CCONJ
ajfa-9359	26	109	gas	gas	NOUN
ajfa-9359	26	110	industry	industry	NOUN
ajfa-9359	26	111	.	.	PUNCT
ajfa-9359	27	1	particularly	particularly	ADV
ajfa-9359	27	2	,	,	PUNCT
ajfa-9359	27	3	this	this	DET
ajfa-9359	27	4	study	study	NOUN
ajfa-9359	27	5	examines	examine	VERB
ajfa-9359	27	6	the	the	DET
ajfa-9359	27	7	determinants	determinant	NOUN
ajfa-9359	27	8	of	of	ADP
ajfa-9359	27	9	capital	capital	NOUN
ajfa-9359	27	10	structure	structure	NOUN
ajfa-9359	27	11	(	(	PUNCT
ajfa-9359	27	12	leverage	leverage	NOUN
ajfa-9359	27	13	)	)	PUNCT
ajfa-9359	27	14	by	by	ADP
ajfa-9359	27	15	using	use	VERB
ajfa-9359	27	16	the	the	DET
ajfa-9359	27	17	ols	ol	NOUN
ajfa-9359	27	18	regression	regression	NOUN
ajfa-9359	27	19	model	model	NOUN
ajfa-9359	27	20	on	on	ADP
ajfa-9359	27	21	the	the	DET
ajfa-9359	27	22	available	available	ADJ
ajfa-9359	27	23	data	datum	NOUN
ajfa-9359	27	24	for	for	ADP
ajfa-9359	27	25	three	three	NUM
ajfa-9359	27	26	periods	period	NOUN
ajfa-9359	27	27	:	:	PUNCT
ajfa-9359	27	28	the	the	DET
ajfa-9359	27	29	pre	pre	ADJ
ajfa-9359	27	30	-	-	ADJ
ajfa-9359	27	31	crisis	crisis	ADJ
ajfa-9359	27	32	period	period	NOUN
ajfa-9359	27	33	of	of	ADP
ajfa-9359	27	34	2000	2000	NUM
ajfa-9359	27	35	-	-	SYM
ajfa-9359	27	36	2006	2006	NUM
ajfa-9359	27	37	,	,	PUNCT
ajfa-9359	27	38	during	during	ADP
ajfa-9359	27	39	the	the	DET
ajfa-9359	27	40	crisis	crisis	NOUN
ajfa-9359	27	41	in	in	ADP
ajfa-9359	27	42	2007	2007	NUM
ajfa-9359	27	43	-	-	SYM
ajfa-9359	27	44	2009	2009	NUM
ajfa-9359	27	45	and	and	CCONJ
ajfa-9359	27	46	,	,	PUNCT
ajfa-9359	27	47	the	the	DET
ajfa-9359	27	48	post	post	NOUN
ajfa-9359	27	49	crisis	crisis	NOUN
ajfa-9359	27	50	period	period	NOUN
ajfa-9359	27	51	of	of	ADP
ajfa-9359	27	52	2010	2010	NUM
ajfa-9359	27	53	-	-	PUNCT
ajfa-9359	27	54	2015as	2015as	NOUN
ajfa-9359	27	55	well	well	ADV
ajfa-9359	27	56	as	as	ADP
ajfa-9359	27	57	during	during	ADP
ajfa-9359	27	58	the	the	DET
ajfa-9359	27	59	total	total	ADJ
ajfa-9359	27	60	period	period	NOUN
ajfa-9359	27	61	as	as	ADP
ajfa-9359	27	62	a	a	DET
ajfa-9359	27	63	whole	whole	ADJ
ajfa-9359	27	64	2000	2000	NUM
ajfa-9359	27	65	-	-	SYM
ajfa-9359	27	66	2015	2015	NUM
ajfa-9359	27	67	,	,	PUNCT
ajfa-9359	27	68	in	in	ADP
ajfa-9359	27	69	order	order	NOUN
ajfa-9359	27	70	to	to	PART
ajfa-9359	27	71	determine	determine	VERB
ajfa-9359	27	72	whether	whether	SCONJ
ajfa-9359	27	73	the	the	DET
ajfa-9359	27	74	2007	2007	NUM
ajfa-9359	27	75	-	-	SYM
ajfa-9359	27	76	2009	2009	NUM
ajfa-9359	27	77	global	global	ADJ
ajfa-9359	27	78	financial	financial	ADJ
ajfa-9359	27	79	crisis	crisis	NOUN
ajfa-9359	27	80	has	have	VERB
ajfa-9359	27	81	any	any	DET
ajfa-9359	27	82	influence	influence	NOUN
ajfa-9359	27	83	on	on	ADP
ajfa-9359	27	84	the	the	DET
ajfa-9359	27	85	capital	capital	NOUN
ajfa-9359	27	86	structure	structure	NOUN
ajfa-9359	27	87	determinants	determinant	NOUN
ajfa-9359	27	88	of	of	ADP
ajfa-9359	27	89	the	the	DET
ajfa-9359	27	90	oil	oil	NOUN
ajfa-9359	27	91	and	and	CCONJ
ajfa-9359	27	92	gas	gas	NOUN
ajfa-9359	27	93	companies	company	NOUN
ajfa-9359	27	94	.	.	PUNCT
ajfa-9359	28	1	1.2	1.2	NUM
ajfa-9359	28	2	importance	importance	NOUN
ajfa-9359	28	3	of	of	ADP
ajfa-9359	28	4	the	the	DET
ajfa-9359	28	5	study	study	NOUN
ajfa-9359	28	6	capital	capital	NOUN
ajfa-9359	28	7	structure	structure	NOUN
ajfa-9359	28	8	is	be	AUX
ajfa-9359	28	9	one	one	NUM
ajfa-9359	28	10	of	of	ADP
ajfa-9359	28	11	the	the	DET
ajfa-9359	28	12	most	most	ADV
ajfa-9359	28	13	debated	debate	VERB
ajfa-9359	28	14	topics	topic	NOUN
ajfa-9359	28	15	in	in	ADP
ajfa-9359	28	16	the	the	DET
ajfa-9359	28	17	field	field	NOUN
ajfa-9359	28	18	of	of	ADP
ajfa-9359	28	19	corporate	corporate	ADJ
ajfa-9359	28	20	finance	finance	NOUN
ajfa-9359	28	21	,	,	PUNCT
ajfa-9359	28	22	and	and	CCONJ
ajfa-9359	28	23	attracts	attract	VERB
ajfa-9359	28	24	many	many	ADJ
ajfa-9359	28	25	researchers	researcher	NOUN
ajfa-9359	28	26	to	to	PART
ajfa-9359	28	27	investigate	investigate	VERB
ajfa-9359	28	28	it	it	PRON
ajfa-9359	28	29	.	.	PUNCT
ajfa-9359	29	1	some	some	DET
ajfa-9359	29	2	researchers	researcher	NOUN
ajfa-9359	29	3	examine	examine	VERB
ajfa-9359	29	4	the	the	DET
ajfa-9359	29	5	capital	capital	NOUN
ajfa-9359	29	6	structure	structure	NOUN
ajfa-9359	29	7	choice	choice	NOUN
ajfa-9359	29	8	of	of	ADP
ajfa-9359	29	9	companies	company	NOUN
ajfa-9359	29	10	from	from	ADP
ajfa-9359	29	11	different	different	ADJ
ajfa-9359	29	12	industries	industry	NOUN
ajfa-9359	29	13	such	such	ADJ
ajfa-9359	29	14	as	as	ADP
ajfa-9359	29	15	jensen	jensen	PROPN
ajfa-9359	29	16	&	&	CCONJ
ajfa-9359	29	17	langemeier	langemeier	PROPN
ajfa-9359	29	18	(	(	PUNCT
ajfa-9359	29	19	1966	1966	NUM
ajfa-9359	29	20	)	)	PUNCT
ajfa-9359	29	21	’s	’s	PART
ajfa-9359	29	22	study	study	NOUN
ajfa-9359	29	23	for	for	ADP
ajfa-9359	29	24	agricultural	agricultural	ADJ
ajfa-9359	29	25	companies	company	NOUN
ajfa-9359	29	26	,	,	PUNCT
ajfa-9359	29	27	long	long	ADJ
ajfa-9359	29	28	&	&	CCONJ
ajfa-9359	29	29	malitz	malitz	PROPN
ajfa-9359	29	30	(	(	PUNCT
ajfa-9359	29	31	1985	1985	NUM
ajfa-9359	29	32	)	)	PUNCT
ajfa-9359	29	33	’s	’s	PART
ajfa-9359	29	34	study	study	NOUN
ajfa-9359	29	35	and	and	CCONJ
ajfa-9359	29	36	titman	titman	NOUN
ajfa-9359	29	37	&	&	CCONJ
ajfa-9359	29	38	wessels	wessels	PROPN
ajfa-9359	29	39	(	(	PUNCT
ajfa-9359	29	40	1988	1988	NUM
ajfa-9359	29	41	)	)	PUNCT
ajfa-9359	29	42	’s	’s	PART
ajfa-9359	29	43	study	study	NOUN
ajfa-9359	29	44	for	for	ADP
ajfa-9359	29	45	manufacturing	manufacturing	NOUN
ajfa-9359	29	46	firms	firm	NOUN
ajfa-9359	29	47	,	,	PUNCT
ajfa-9359	29	48	and	and	CCONJ
ajfa-9359	29	49	wedig	wedig	VERB
ajfa-9359	29	50	et	et	PROPN
ajfa-9359	29	51	al	al	PROPN
ajfa-9359	29	52	(	(	PUNCT
ajfa-9359	29	53	1988	1988	NUM
ajfa-9359	29	54	)	)	PUNCT
ajfa-9359	29	55	’s	’s	PART
ajfa-9359	29	56	study	study	NOUN
ajfa-9359	29	57	about	about	ADP
ajfa-9359	29	58	non	non	ADJ
ajfa-9359	29	59	-	-	ADJ
ajfa-9359	29	60	profit	profit	ADJ
ajfa-9359	29	61	making	making	NOUN
ajfa-9359	29	62	hospitals	hospital	NOUN
ajfa-9359	29	63	;	;	PUNCT
ajfa-9359	29	64	such	such	ADJ
ajfa-9359	29	65	studies	study	NOUN
ajfa-9359	29	66	give	give	VERB
ajfa-9359	29	67	evidence	evidence	NOUN
ajfa-9359	29	68	that	that	SCONJ
ajfa-9359	29	69	the	the	DET
ajfa-9359	29	70	industry	industry	NOUN
ajfa-9359	29	71	nature	nature	NOUN
ajfa-9359	29	72	has	have	AUX
ajfa-9359	29	73	a	a	DET
ajfa-9359	29	74	significant	significant	ADJ
ajfa-9359	29	75	impact	impact	NOUN
ajfa-9359	29	76	on	on	ADP
ajfa-9359	29	77	the	the	DET
ajfa-9359	29	78	capital	capital	NOUN
ajfa-9359	29	79	structure	structure	NOUN
ajfa-9359	29	80	choice	choice	NOUN
ajfa-9359	29	81	as	as	SCONJ
ajfa-9359	29	82	,	,	PUNCT
ajfa-9359	29	83	indicated	indicate	VERB
ajfa-9359	29	84	by	by	ADP
ajfa-9359	29	85	joseph	joseph	PROPN
ajfa-9359	29	86	ooi	ooi	PROPN
ajfa-9359	29	87	(	(	PUNCT
ajfa-9359	29	88	1999	1999	NUM
ajfa-9359	29	89	)	)	PUNCT
ajfa-9359	29	90	.	.	PUNCT
ajfa-9359	30	1	nevertheless	nevertheless	ADV
ajfa-9359	30	2	,	,	PUNCT
ajfa-9359	30	3	the	the	DET
ajfa-9359	30	4	capital	capital	NOUN
ajfa-9359	30	5	structure	structure	NOUN
ajfa-9359	30	6	of	of	ADP
ajfa-9359	30	7	oil	oil	NOUN
ajfa-9359	30	8	and	and	CCONJ
ajfa-9359	30	9	gas	gas	NOUN
ajfa-9359	30	10	firms	firm	NOUN
ajfa-9359	30	11	is	be	AUX
ajfa-9359	30	12	still	still	ADV
ajfa-9359	30	13	a	a	DET
ajfa-9359	30	14	relatively	relatively	ADV
ajfa-9359	30	15	under	under	ADP
ajfa-9359	30	16	-	-	PUNCT
ajfa-9359	30	17	investigation	investigation	NOUN
ajfa-9359	30	18	part	part	NOUN
ajfa-9359	30	19	in	in	ADP
ajfa-9359	30	20	the	the	DET
ajfa-9359	30	21	literature	literature	NOUN
ajfa-9359	30	22	of	of	ADP
ajfa-9359	30	23	capital	capital	NOUN
ajfa-9359	30	24	structure	structure	NOUN
ajfa-9359	30	25	.	.	PUNCT
ajfa-9359	31	1	actually	actually	ADV
ajfa-9359	31	2	,	,	PUNCT
ajfa-9359	31	3	none	none	NOUN
ajfa-9359	31	4	till	till	SCONJ
ajfa-9359	31	5	now	now	ADV
ajfa-9359	31	6	has	have	AUX
ajfa-9359	31	7	examined	examine	VERB
ajfa-9359	31	8	the	the	DET
ajfa-9359	31	9	determinants	determinant	NOUN
ajfa-9359	31	10	of	of	ADP
ajfa-9359	31	11	capital	capital	NOUN
ajfa-9359	31	12	structure	structure	NOUN
ajfa-9359	31	13	choice	choice	NOUN
ajfa-9359	31	14	of	of	ADP
ajfa-9359	31	15	oil	oil	NOUN
ajfa-9359	31	16	and	and	CCONJ
ajfa-9359	31	17	gas	gas	NOUN
ajfa-9359	31	18	firms	firm	NOUN
ajfa-9359	31	19	over	over	ADP
ajfa-9359	31	20	the	the	DET
ajfa-9359	31	21	period	period	NOUN
ajfa-9359	31	22	2000	2000	NUM
ajfa-9359	31	23	-	-	SYM
ajfa-9359	31	24	2015	2015	NUM
ajfa-9359	31	25	,	,	PUNCT
ajfa-9359	31	26	taking	take	VERB
ajfa-9359	31	27	into	into	ADP
ajfa-9359	31	28	account	account	NOUN
ajfa-9359	31	29	the	the	DET
ajfa-9359	31	30	impact	impact	NOUN
ajfa-9359	31	31	of	of	ADP
ajfa-9359	31	32	the	the	DET
ajfa-9359	31	33	global	global	ADJ
ajfa-9359	31	34	financial	financial	ADJ
ajfa-9359	31	35	crisis	crisis	NOUN
ajfa-9359	31	36	in	in	ADP
ajfa-9359	31	37	the	the	DET
ajfa-9359	31	38	period	period	NOUN
ajfa-9359	31	39	2007	2007	NUM
ajfa-9359	31	40	-	-	SYM
ajfa-9359	31	41	2009	2009	NUM
ajfa-9359	31	42	on	on	ADP
ajfa-9359	31	43	the	the	DET
ajfa-9359	31	44	capital	capital	NOUN
ajfa-9359	31	45	structure	structure	NOUN
ajfa-9359	31	46	decision	decision	NOUN
ajfa-9359	31	47	of	of	ADP
ajfa-9359	31	48	the	the	DET
ajfa-9359	31	49	firms	firm	NOUN
ajfa-9359	31	50	.	.	PUNCT
ajfa-9359	32	1	as	as	ADP
ajfa-9359	32	2	a	a	DET
ajfa-9359	32	3	result	result	NOUN
ajfa-9359	32	4	,	,	PUNCT
ajfa-9359	32	5	this	this	DET
ajfa-9359	32	6	study	study	NOUN
ajfa-9359	32	7	tries	try	VERB
ajfa-9359	32	8	to	to	PART
ajfa-9359	32	9	fill	fill	VERB
ajfa-9359	32	10	the	the	DET
ajfa-9359	32	11	gap	gap	NOUN
ajfa-9359	32	12	in	in	ADP
ajfa-9359	32	13	the	the	DET
ajfa-9359	32	14	literature	literature	NOUN
ajfa-9359	32	15	by	by	ADP
ajfa-9359	32	16	making	make	VERB
ajfa-9359	32	17	a	a	DET
ajfa-9359	32	18	contribution	contribution	NOUN
ajfa-9359	32	19	to	to	ADP
ajfa-9359	32	20	the	the	DET
ajfa-9359	32	21	growing	grow	VERB
ajfa-9359	32	22	body	body	NOUN
ajfa-9359	32	23	of	of	ADP
ajfa-9359	32	24	investigational	investigational	ADJ
ajfa-9359	32	25	corporate	corporate	ADJ
ajfa-9359	32	26	financial	financial	ADJ
ajfa-9359	32	27	research	research	NOUN
ajfa-9359	32	28	in	in	ADP
ajfa-9359	32	29	the	the	DET
ajfa-9359	32	30	oil	oil	NOUN
ajfa-9359	32	31	and	and	CCONJ
ajfa-9359	32	32	gas	gas	NOUN
ajfa-9359	32	33	industry	industry	NOUN
ajfa-9359	32	34	.	.	PUNCT
ajfa-9359	33	1	a	a	DET
ajfa-9359	33	2	base	base	NOUN
ajfa-9359	33	3	thereby	thereby	ADV
ajfa-9359	33	4	set	set	VERB
ajfa-9359	33	5	for	for	ADP
ajfa-9359	33	6	further	further	ADJ
ajfa-9359	33	7	research	research	NOUN
ajfa-9359	33	8	and	and	CCONJ
ajfa-9359	33	9	improvements	improvement	NOUN
ajfa-9359	33	10	into	into	ADP
ajfa-9359	33	11	the	the	DET
ajfa-9359	33	12	capital	capital	NOUN
ajfa-9359	33	13	structure	structure	NOUN
ajfa-9359	33	14	decisions	decision	NOUN
ajfa-9359	33	15	of	of	ADP
ajfa-9359	33	16	the	the	DET
ajfa-9359	33	17	oil	oil	NOUN
ajfa-9359	33	18	and	and	CCONJ
ajfa-9359	33	19	gas	gas	NOUN
ajfa-9359	33	20	industry	industry	NOUN
ajfa-9359	33	21	.	.	PUNCT
ajfa-9359	34	1	1.3	1.3	NUM
ajfa-9359	34	2	research	research	NOUN
ajfa-9359	34	3	objectives	objective	VERB
ajfa-9359	34	4	the	the	DET
ajfa-9359	34	5	main	main	ADJ
ajfa-9359	34	6	goal	goal	NOUN
ajfa-9359	34	7	of	of	ADP
ajfa-9359	34	8	this	this	DET
ajfa-9359	34	9	study	study	NOUN
ajfa-9359	34	10	is	be	AUX
ajfa-9359	34	11	to	to	PART
ajfa-9359	34	12	investigate	investigate	VERB
ajfa-9359	34	13	the	the	DET
ajfa-9359	34	14	capital	capital	NOUN
ajfa-9359	34	15	structure	structure	NOUN
ajfa-9359	34	16	determinants	determinant	NOUN
ajfa-9359	34	17	of	of	ADP
ajfa-9359	34	18	a	a	DET
ajfa-9359	34	19	panel	panel	NOUN
ajfa-9359	34	20	of	of	ADP
ajfa-9359	34	21	436oil	436oil	NUM
ajfa-9359	34	22	and	and	CCONJ
ajfa-9359	34	23	gas	gas	NOUN
ajfa-9359	34	24	firms	firm	NOUN
ajfa-9359	34	25	listed	list	VERB
ajfa-9359	34	26	on	on	ADP
ajfa-9359	34	27	the	the	DET
ajfa-9359	34	28	global	global	ADJ
ajfa-9359	34	29	index	index	NOUN
ajfa-9359	34	30	during	during	ADP
ajfa-9359	34	31	the	the	DET
ajfa-9359	34	32	period	period	NOUN
ajfa-9359	34	33	2000	2000	NUM
ajfa-9359	34	34	–	–	PUNCT
ajfa-9359	34	35	2015	2015	NUM
ajfa-9359	34	36	,	,	PUNCT
ajfa-9359	34	37	taking	take	VERB
ajfa-9359	34	38	into	into	ADP
ajfa-9359	34	39	account	account	NOUN
ajfa-9359	34	40	the	the	DET
ajfa-9359	34	41	impact	impact	NOUN
ajfa-9359	34	42	,	,	PUNCT
ajfa-9359	34	43	if	if	SCONJ
ajfa-9359	34	44	any	any	PRON
ajfa-9359	34	45	,	,	PUNCT
ajfa-9359	34	46	of	of	ADP
ajfa-9359	34	47	the	the	DET
ajfa-9359	34	48	global	global	ADJ
ajfa-9359	34	49	financial	financial	ADJ
ajfa-9359	34	50	crisis	crisis	NOUN
ajfa-9359	34	51	of	of	ADP
ajfa-9359	34	52	2007	2007	NUM
ajfa-9359	34	53	-	-	SYM
ajfa-9359	34	54	2009	2009	NUM
ajfa-9359	34	55	on	on	ADP
ajfa-9359	34	56	the	the	DET
ajfa-9359	34	57	capital	capital	NOUN
ajfa-9359	34	58	structure	structure	NOUN
ajfa-9359	34	59	choice	choice	NOUN
ajfa-9359	34	60	of	of	ADP
ajfa-9359	34	61	the	the	DET
ajfa-9359	34	62	firms	firm	NOUN
ajfa-9359	34	63	studied	study	VERB
ajfa-9359	34	64	.	.	PUNCT
ajfa-9359	35	1	particularly	particularly	ADV
ajfa-9359	35	2	,	,	PUNCT
ajfa-9359	35	3	this	this	DET
ajfa-9359	35	4	study	study	NOUN
ajfa-9359	35	5	is	be	AUX
ajfa-9359	35	6	intended	intend	VERB
ajfa-9359	35	7	to	to	PART
ajfa-9359	35	8	:	:	PUNCT
ajfa-9359	35	9			X
ajfa-9359	35	10	identify	identify	VERB
ajfa-9359	35	11	the	the	DET
ajfa-9359	35	12	capital	capital	NOUN
ajfa-9359	35	13	structure	structure	NOUN
ajfa-9359	35	14	determinants	determinant	NOUN
ajfa-9359	35	15	of	of	ADP
ajfa-9359	35	16	oil	oil	NOUN
ajfa-9359	35	17	and	and	CCONJ
ajfa-9359	35	18	gas	gas	NOUN
ajfa-9359	35	19	firms	firm	NOUN
ajfa-9359	35	20	.	.	PUNCT
ajfa-9359	36	1			NOUN
ajfa-9359	36	2	show	show	VERB
ajfa-9359	36	3	how	how	SCONJ
ajfa-9359	36	4	profitability	profitability	NOUN
ajfa-9359	36	5	,	,	PUNCT
ajfa-9359	36	6	growth	growth	NOUN
ajfa-9359	36	7	,	,	PUNCT
ajfa-9359	36	8	size	size	NOUN
ajfa-9359	36	9	,	,	PUNCT
ajfa-9359	36	10	non	non	ADJ
ajfa-9359	36	11	-	-	ADJ
ajfa-9359	36	12	debt	debt	ADJ
ajfa-9359	36	13	tax	tax	NOUN
ajfa-9359	36	14	shield	shield	NOUN
ajfa-9359	36	15	,	,	PUNCT
ajfa-9359	36	16	liquidity	liquidity	NOUN
ajfa-9359	36	17	and	and	CCONJ
ajfa-9359	36	18	tangibility	tangibility	NOUN
ajfa-9359	36	19	affect	affect	VERB
ajfa-9359	36	20	the	the	DET
ajfa-9359	36	21	capital	capital	NOUN
ajfa-9359	36	22	structure	structure	NOUN
ajfa-9359	36	23	decisions	decision	NOUN
ajfa-9359	36	24	of	of	ADP
ajfa-9359	36	25	oil	oil	NOUN
ajfa-9359	36	26	and	and	CCONJ
ajfa-9359	36	27	gas	gas	NOUN
ajfa-9359	36	28	firms	firm	NOUN
ajfa-9359	36	29	.	.	PUNCT
ajfa-9359	37	1			VERB
ajfa-9359	37	2	find	find	VERB
ajfa-9359	37	3	out	out	ADP
ajfa-9359	37	4	the	the	DET
ajfa-9359	37	5	capital	capital	NOUN
ajfa-9359	37	6	structure	structure	NOUN
ajfa-9359	37	7	theory	theory	NOUN
ajfa-9359	37	8	that	that	PRON
ajfa-9359	37	9	can	can	AUX
ajfa-9359	37	10	best	well	ADV
ajfa-9359	37	11	describe	describe	VERB
ajfa-9359	37	12	the	the	DET
ajfa-9359	37	13	capital	capital	NOUN
ajfa-9359	37	14	structure	structure	NOUN
ajfa-9359	37	15	decisions	decision	NOUN
ajfa-9359	37	16	of	of	ADP
ajfa-9359	37	17	oil	oil	NOUN
ajfa-9359	37	18	and	and	CCONJ
ajfa-9359	37	19	gas	gas	NOUN
ajfa-9359	37	20	firms	firm	NOUN
ajfa-9359	37	21	.	.	PUNCT
ajfa-9359	38	1			PROPN
ajfa-9359	38	2	investigate	investigate	VERB
ajfa-9359	38	3	the	the	DET
ajfa-9359	38	4	influence	influence	NOUN
ajfa-9359	38	5	of	of	ADP
ajfa-9359	38	6	the	the	DET
ajfa-9359	38	7	global	global	ADJ
ajfa-9359	38	8	financial	financial	ADJ
ajfa-9359	38	9	crisis	crisis	NOUN
ajfa-9359	38	10	of	of	ADP
ajfa-9359	38	11	2007	2007	NUM
ajfa-9359	38	12	-	-	SYM
ajfa-9359	38	13	2009	2009	NUM
ajfa-9359	38	14	on	on	ADP
ajfa-9359	38	15	capital	capital	PROPN
ajfa-9359	38	16	structureof	structureof	PROPN
ajfa-9359	38	17	oil	oil	NOUN
ajfa-9359	38	18	and	and	CCONJ
ajfa-9359	38	19	gas	gas	NOUN
ajfa-9359	38	20	firms	firm	NOUN
ajfa-9359	38	21	.	.	PUNCT
ajfa-9359	39	1	asian	asian	ADJ
ajfa-9359	39	2	journal	journal	PROPN
ajfa-9359	39	3	of	of	ADP
ajfa-9359	39	4	finance	finance	PROPN
ajfa-9359	39	5	&	&	CCONJ
ajfa-9359	39	6	accounting	accounting	PROPN
ajfa-9359	39	7	issn	issn	PROPN
ajfa-9359	39	8	1946	1946	NUM
ajfa-9359	39	9	-	-	PUNCT
ajfa-9359	39	10	052x	052x	PROPN
ajfa-9359	39	11	2017	2017	NUM
ajfa-9359	39	12	,	,	PUNCT
ajfa-9359	39	13	vol	vol	NOUN
ajfa-9359	39	14	.	.	NOUN
ajfa-9359	39	15	9	9	NUM
ajfa-9359	39	16	,	,	PUNCT
ajfa-9359	39	17	no	no	INTJ
ajfa-9359	39	18	.	.	NOUN
ajfa-9359	39	19	1	1	NUM
ajfa-9359	39	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	39	21	4	4	NUM
ajfa-9359	39	22	1.4	1.4	NUM
ajfa-9359	39	23	research	research	NOUN
ajfa-9359	39	24	questions	question	NOUN
ajfa-9359	39	25	this	this	DET
ajfa-9359	39	26	study	study	NOUN
ajfa-9359	39	27	is	be	AUX
ajfa-9359	39	28	conducted	conduct	VERB
ajfa-9359	39	29	to	to	PART
ajfa-9359	39	30	answer	answer	VERB
ajfa-9359	39	31	the	the	DET
ajfa-9359	39	32	following	follow	VERB
ajfa-9359	39	33	two	two	NUM
ajfa-9359	39	34	questions	question	NOUN
ajfa-9359	39	35	:	:	PUNCT
ajfa-9359	40	1	1to	1to	X
ajfa-9359	40	2	what	what	DET
ajfa-9359	40	3	extent	extent	NOUN
ajfa-9359	40	4	and	and	CCONJ
ajfa-9359	40	5	do	do	VERB
ajfa-9359	40	6	firm	firm	ADJ
ajfa-9359	40	7	specific	specific	ADJ
ajfa-9359	40	8	factors	factor	NOUN
ajfa-9359	40	9	,	,	PUNCT
ajfa-9359	40	10	namely	namely	ADV
ajfa-9359	40	11	,	,	PUNCT
ajfa-9359	40	12	liquidity	liquidity	NOUN
ajfa-9359	40	13	,	,	PUNCT
ajfa-9359	40	14	non	non	ADJ
ajfa-9359	40	15	-	-	ADJ
ajfa-9359	40	16	debt	debt	ADJ
ajfa-9359	40	17	tax	tax	NOUN
ajfa-9359	40	18	shield	shield	NOUN
ajfa-9359	40	19	,	,	PUNCT
ajfa-9359	40	20	profitability	profitability	NOUN
ajfa-9359	40	21	,	,	PUNCT
ajfa-9359	40	22	tangibility	tangibility	NOUN
ajfa-9359	40	23	,	,	PUNCT
ajfa-9359	40	24	size	size	NOUN
ajfa-9359	40	25	and	and	CCONJ
ajfa-9359	40	26	growth	growth	NOUN
ajfa-9359	40	27	determine	determine	VERB
ajfa-9359	40	28	the	the	DET
ajfa-9359	40	29	capital	capital	NOUN
ajfa-9359	40	30	structure	structure	NOUN
ajfa-9359	40	31	decisions	decision	NOUN
ajfa-9359	40	32	of	of	ADP
ajfa-9359	40	33	oil	oil	NOUN
ajfa-9359	40	34	and	and	CCONJ
ajfa-9359	40	35	gas	gas	NOUN
ajfa-9359	40	36	firms	firm	NOUN
ajfa-9359	40	37	?	?	PUNCT
ajfa-9359	41	1	2which	2which	NUM
ajfa-9359	41	2	theories	theory	NOUN
ajfa-9359	41	3	of	of	ADP
ajfa-9359	41	4	capital	capital	NOUN
ajfa-9359	41	5	structure	structure	NOUN
ajfa-9359	41	6	can	can	AUX
ajfa-9359	41	7	best	well	ADV
ajfa-9359	41	8	describe	describe	VERB
ajfa-9359	41	9	the	the	DET
ajfa-9359	41	10	capital	capital	NOUN
ajfa-9359	41	11	structure	structure	NOUN
ajfa-9359	41	12	choice	choice	NOUN
ajfa-9359	41	13	of	of	ADP
ajfa-9359	41	14	oil	oil	NOUN
ajfa-9359	41	15	and	and	CCONJ
ajfa-9359	41	16	gas	gas	NOUN
ajfa-9359	41	17	firms	firm	NOUN
ajfa-9359	41	18	?	?	PUNCT
ajfa-9359	42	1	3is	3is	ADJ
ajfa-9359	42	2	there	there	PRON
ajfa-9359	42	3	any	any	DET
ajfa-9359	42	4	impact	impact	NOUN
ajfa-9359	42	5	of	of	ADP
ajfa-9359	42	6	the	the	DET
ajfa-9359	42	7	global	global	ADJ
ajfa-9359	42	8	financial	financial	ADJ
ajfa-9359	42	9	crisis	crisis	NOUN
ajfa-9359	42	10	of	of	ADP
ajfa-9359	42	11	2007	2007	NUM
ajfa-9359	42	12	-	-	SYM
ajfa-9359	42	13	2009	2009	NUM
ajfa-9359	42	14	on	on	ADP
ajfa-9359	42	15	the	the	DET
ajfa-9359	42	16	determinant	determinant	NOUN
ajfa-9359	42	17	of	of	ADP
ajfa-9359	42	18	the	the	DET
ajfa-9359	42	19	capital	capital	NOUN
ajfa-9359	42	20	structure	structure	NOUN
ajfa-9359	42	21	of	of	ADP
ajfa-9359	42	22	oil	oil	NOUN
ajfa-9359	42	23	and	and	CCONJ
ajfa-9359	42	24	gas	gas	NOUN
ajfa-9359	42	25	firms	firm	NOUN
ajfa-9359	42	26	?	?	PUNCT
ajfa-9359	43	1	2.1	2.1	NUM
ajfa-9359	43	2	literature	literature	NOUN
ajfa-9359	43	3	review	review	VERB
ajfa-9359	43	4	a	a	DET
ajfa-9359	43	5	huge	huge	ADJ
ajfa-9359	43	6	volume	volume	NOUN
ajfa-9359	43	7	of	of	ADP
ajfa-9359	43	8	research	research	NOUN
ajfa-9359	43	9	has	have	AUX
ajfa-9359	43	10	been	be	AUX
ajfa-9359	43	11	conducted	conduct	VERB
ajfa-9359	43	12	on	on	ADP
ajfa-9359	43	13	investigating	investigate	VERB
ajfa-9359	43	14	the	the	DET
ajfa-9359	43	15	capital	capital	NOUN
ajfa-9359	43	16	structure	structure	NOUN
ajfa-9359	43	17	decision	decision	NOUN
ajfa-9359	43	18	.	.	PUNCT
ajfa-9359	44	1	modigliani	modigliani	PROPN
ajfa-9359	44	2	and	and	CCONJ
ajfa-9359	44	3	miller	miller	PROPN
ajfa-9359	44	4	’s	’s	PART
ajfa-9359	44	5	theory	theory	NOUN
ajfa-9359	44	6	(	(	PUNCT
ajfa-9359	44	7	1958	1958	NUM
ajfa-9359	44	8	)	)	PUNCT
ajfa-9359	44	9	is	be	AUX
ajfa-9359	44	10	considered	consider	VERB
ajfa-9359	44	11	the	the	DET
ajfa-9359	44	12	revolutionary	revolutionary	ADJ
ajfa-9359	44	13	theory	theory	NOUN
ajfa-9359	44	14	in	in	ADP
ajfa-9359	44	15	the	the	DET
ajfa-9359	44	16	capital	capital	NOUN
ajfa-9359	44	17	structure	structure	NOUN
ajfa-9359	44	18	studies	study	NOUN
ajfa-9359	44	19	.	.	PUNCT
ajfa-9359	45	1	since	since	SCONJ
ajfa-9359	45	2	the	the	DET
ajfa-9359	45	3	appearance	appearance	NOUN
ajfa-9359	45	4	of	of	ADP
ajfa-9359	45	5	this	this	DET
ajfa-9359	45	6	theory	theory	NOUN
ajfa-9359	45	7	in	in	ADP
ajfa-9359	45	8	1958	1958	NUM
ajfa-9359	45	9	,	,	PUNCT
ajfa-9359	45	10	several	several	ADJ
ajfa-9359	45	11	theories	theory	NOUN
ajfa-9359	45	12	and	and	CCONJ
ajfa-9359	45	13	studies	study	NOUN
ajfa-9359	45	14	have	have	AUX
ajfa-9359	45	15	emerged	emerge	VERB
ajfa-9359	45	16	that	that	PRON
ajfa-9359	45	17	are	be	AUX
ajfa-9359	45	18	in	in	ADP
ajfa-9359	45	19	a	a	DET
ajfa-9359	45	20	partial	partial	ADJ
ajfa-9359	45	21	agreement	agreement	NOUN
ajfa-9359	45	22	with	with	ADP
ajfa-9359	45	23	the	the	DET
ajfa-9359	45	24	propositions	proposition	NOUN
ajfa-9359	45	25	of	of	ADP
ajfa-9359	45	26	modigliani	modigliani	PROPN
ajfa-9359	45	27	and	and	CCONJ
ajfa-9359	45	28	miller	miller	PROPN
ajfa-9359	45	29	’s	’s	PART
ajfa-9359	45	30	theory	theory	NOUN
ajfa-9359	45	31	which	which	PRON
ajfa-9359	45	32	concludes	conclude	VERB
ajfa-9359	45	33	that	that	SCONJ
ajfa-9359	45	34	financial	financial	ADJ
ajfa-9359	45	35	policy	policy	NOUN
ajfa-9359	45	36	is	be	AUX
ajfa-9359	45	37	not	not	PART
ajfa-9359	45	38	significant	significant	ADJ
ajfa-9359	45	39	,	,	PUNCT
ajfa-9359	45	40	not	not	PART
ajfa-9359	45	41	useful	useful	ADJ
ajfa-9359	45	42	and	and	CCONJ
ajfa-9359	45	43	not	not	PART
ajfa-9359	45	44	related	relate	VERB
ajfa-9359	45	45	.	.	PUNCT
ajfa-9359	46	1	till	till	SCONJ
ajfa-9359	46	2	now	now	ADV
ajfa-9359	46	3	,	,	PUNCT
ajfa-9359	46	4	no	no	DET
ajfa-9359	46	5	theory	theory	NOUN
ajfa-9359	46	6	on	on	ADP
ajfa-9359	46	7	debt	debt	NOUN
ajfa-9359	46	8	and	and	CCONJ
ajfa-9359	46	9	equity	equity	NOUN
ajfa-9359	46	10	has	have	AUX
ajfa-9359	46	11	been	be	AUX
ajfa-9359	46	12	completely	completely	ADV
ajfa-9359	46	13	acknowledged	acknowledge	VERB
ajfa-9359	46	14	as	as	ADP
ajfa-9359	46	15	the	the	DET
ajfa-9359	46	16	best	good	ADJ
ajfa-9359	46	17	theory	theory	NOUN
ajfa-9359	46	18	to	to	PART
ajfa-9359	46	19	describe	describe	VERB
ajfa-9359	46	20	the	the	DET
ajfa-9359	46	21	financing	financing	NOUN
ajfa-9359	46	22	decisions	decision	NOUN
ajfa-9359	46	23	of	of	ADP
ajfa-9359	46	24	all	all	DET
ajfa-9359	46	25	companies	company	NOUN
ajfa-9359	46	26	,	,	PUNCT
ajfa-9359	46	27	because	because	SCONJ
ajfa-9359	46	28	of	of	ADP
ajfa-9359	46	29	the	the	DET
ajfa-9359	46	30	unique	unique	ADJ
ajfa-9359	46	31	characteristics	characteristic	NOUN
ajfa-9359	46	32	of	of	ADP
ajfa-9359	46	33	each	each	DET
ajfa-9359	46	34	company	company	NOUN
ajfa-9359	46	35	that	that	PRON
ajfa-9359	46	36	make	make	VERB
ajfa-9359	46	37	it	it	PRON
ajfa-9359	46	38	difficult	difficult	ADJ
ajfa-9359	46	39	to	to	PART
ajfa-9359	46	40	establish	establish	VERB
ajfa-9359	46	41	one	one	NUM
ajfa-9359	46	42	capital	capital	NOUN
ajfa-9359	46	43	structure	structure	NOUN
ajfa-9359	46	44	for	for	ADP
ajfa-9359	46	45	all	all	PRON
ajfa-9359	46	46	,	,	PUNCT
ajfa-9359	46	47	according	accord	VERB
ajfa-9359	46	48	to	to	ADP
ajfa-9359	46	49	schwartz	schwartz	PROPN
ajfa-9359	46	50	(	(	PUNCT
ajfa-9359	46	51	1959	1959	NUM
ajfa-9359	46	52	)	)	PUNCT
ajfa-9359	46	53	.	.	PUNCT
ajfa-9359	47	1	as	as	ADP
ajfa-9359	47	2	a	a	DET
ajfa-9359	47	3	result	result	NOUN
ajfa-9359	47	4	,	,	PUNCT
ajfa-9359	47	5	some	some	DET
ajfa-9359	47	6	studies	study	NOUN
ajfa-9359	47	7	are	be	AUX
ajfa-9359	47	8	conducted	conduct	VERB
ajfa-9359	47	9	on	on	ADP
ajfa-9359	47	10	critically	critically	ADV
ajfa-9359	47	11	explaining	explain	VERB
ajfa-9359	47	12	capital	capital	NOUN
ajfa-9359	47	13	structure	structure	NOUN
ajfa-9359	47	14	theories	theory	NOUN
ajfa-9359	47	15	,	,	PUNCT
ajfa-9359	47	16	such	such	ADJ
ajfa-9359	47	17	as	as	ADP
ajfa-9359	47	18	afrasiabishaniet	afrasiabishaniet	PROPN
ajfa-9359	47	19	al	al	PROPN
ajfa-9359	47	20	.	.	PROPN
ajfa-9359	48	1	(	(	PUNCT
ajfa-9359	48	2	2012	2012	NUM
ajfa-9359	48	3	)	)	PUNCT
ajfa-9359	48	4	;	;	PUNCT
ajfa-9359	48	5	some	some	PRON
ajfa-9359	48	6	criticize	criticize	VERB
ajfa-9359	48	7	the	the	DET
ajfa-9359	48	8	weaknesses	weakness	NOUN
ajfa-9359	48	9	of	of	ADP
ajfa-9359	48	10	the	the	DET
ajfa-9359	48	11	theories	theory	NOUN
ajfa-9359	48	12	,	,	PUNCT
ajfa-9359	48	13	such	such	ADJ
ajfa-9359	48	14	as	as	ADP
ajfa-9359	48	15	the	the	DET
ajfa-9359	48	16	studies	study	NOUN
ajfa-9359	48	17	conducted	conduct	VERB
ajfa-9359	48	18	by	by	ADP
ajfa-9359	48	19	chirinkoandsingha	chirinkoandsingha	PROPN
ajfa-9359	48	20	(	(	PUNCT
ajfa-9359	48	21	2000	2000	NUM
ajfa-9359	48	22	)	)	PUNCT
ajfa-9359	48	23	and	and	CCONJ
ajfa-9359	48	24	zhaoet	zhaoet	PROPN
ajfa-9359	48	25	al	al	PROPN
ajfa-9359	48	26	.	.	PUNCT
ajfa-9359	49	1	(	(	PUNCT
ajfa-9359	49	2	2004	2004	NUM
ajfa-9359	49	3	)	)	PUNCT
ajfa-9359	49	4	,	,	PUNCT
ajfa-9359	49	5	and	and	CCONJ
ajfa-9359	49	6	other	other	ADJ
ajfa-9359	49	7	studies	study	NOUN
ajfa-9359	49	8	are	be	AUX
ajfa-9359	49	9	conducted	conduct	VERB
ajfa-9359	49	10	to	to	PART
ajfa-9359	49	11	test	test	VERB
ajfa-9359	49	12	the	the	DET
ajfa-9359	49	13	capital	capital	NOUN
ajfa-9359	49	14	structure	structure	NOUN
ajfa-9359	49	15	theories	theory	NOUN
ajfa-9359	49	16	experimentally	experimentally	ADV
ajfa-9359	49	17	like	like	ADP
ajfa-9359	49	18	the	the	DET
ajfa-9359	49	19	one	one	NOUN
ajfa-9359	49	20	that	that	PRON
ajfa-9359	49	21	is	be	AUX
ajfa-9359	49	22	conducted	conduct	VERB
ajfa-9359	49	23	by	by	ADP
ajfa-9359	49	24	shyam	shyam	PROPN
ajfa-9359	49	25	-	-	PUNCT
ajfa-9359	49	26	sunder	sunder	NOUN
ajfa-9359	49	27	and	and	CCONJ
ajfa-9359	49	28	myers	myers	PROPN
ajfa-9359	49	29	(	(	PUNCT
ajfa-9359	49	30	1999).in	1999).in	CCONJ
ajfa-9359	49	31	this	this	DET
ajfa-9359	49	32	study	study	NOUN
ajfa-9359	49	33	,	,	PUNCT
ajfa-9359	49	34	five	five	NUM
ajfa-9359	49	35	significant	significant	ADJ
ajfa-9359	49	36	theories	theory	NOUN
ajfa-9359	49	37	in	in	ADP
ajfa-9359	49	38	capital	capital	NOUN
ajfa-9359	49	39	structure	structure	NOUN
ajfa-9359	49	40	are	be	AUX
ajfa-9359	49	41	described	describe	VERB
ajfa-9359	49	42	below	below	ADP
ajfa-9359	49	43	:	:	PUNCT
ajfa-9359	49	44	modigliani	modigliani	PROPN
ajfa-9359	49	45	and	and	CCONJ
ajfa-9359	49	46	miller	miller	PROPN
ajfa-9359	49	47	,	,	PUNCT
ajfa-9359	49	48	trade	trade	NOUN
ajfa-9359	49	49	-	-	PUNCT
ajfa-9359	49	50	off	off	ADP
ajfa-9359	49	51	theory	theory	NOUN
ajfa-9359	49	52	,	,	PUNCT
ajfa-9359	49	53	pecking	pecking	NOUN
ajfa-9359	49	54	order	order	NOUN
ajfa-9359	49	55	theory	theory	NOUN
ajfa-9359	49	56	,	,	PUNCT
ajfa-9359	49	57	agency	agency	NOUN
ajfa-9359	49	58	cost	cost	NOUN
ajfa-9359	49	59	theory	theory	NOUN
ajfa-9359	49	60	,	,	PUNCT
ajfa-9359	49	61	and	and	CCONJ
ajfa-9359	49	62	market	market	NOUN
ajfa-9359	49	63	timing	timing	NOUN
ajfa-9359	49	64	theory	theory	NOUN
ajfa-9359	49	65	.	.	PUNCT
ajfa-9359	50	1	2.1.1	2.1.1	NUM
ajfa-9359	50	2	the	the	DET
ajfa-9359	50	3	theory	theory	NOUN
ajfa-9359	50	4	of	of	ADP
ajfa-9359	50	5	modigliani	modigliani	PROPN
ajfa-9359	50	6	and	and	CCONJ
ajfa-9359	50	7	miller	miller	PROPN
ajfa-9359	50	8	the	the	DET
ajfa-9359	50	9	central	central	ADJ
ajfa-9359	50	10	postulation	postulation	NOUN
ajfa-9359	50	11	of	of	ADP
ajfa-9359	50	12	the	the	DET
ajfa-9359	50	13	theory	theory	NOUN
ajfa-9359	50	14	of	of	ADP
ajfa-9359	50	15	modigliani	modigliani	PROPN
ajfa-9359	50	16	&	&	CCONJ
ajfa-9359	50	17	miller	miller	PROPN
ajfa-9359	50	18	(	(	PUNCT
ajfa-9359	50	19	1958	1958	NUM
ajfa-9359	50	20	)	)	PUNCT
ajfa-9359	50	21	is	be	AUX
ajfa-9359	50	22	known	know	VERB
ajfa-9359	50	23	as	as	ADP
ajfa-9359	50	24	“	"	PUNCT
ajfa-9359	50	25	the	the	DET
ajfa-9359	50	26	irrelevance	irrelevance	NOUN
ajfa-9359	50	27	theorem	theorem	VERB
ajfa-9359	50	28	”	"	PUNCT
ajfa-9359	50	29	which	which	PRON
ajfa-9359	50	30	suggests	suggest	VERB
ajfa-9359	50	31	that	that	SCONJ
ajfa-9359	50	32	profitability	profitability	NOUN
ajfa-9359	50	33	is	be	AUX
ajfa-9359	50	34	what	what	PRON
ajfa-9359	50	35	determines	determine	VERB
ajfa-9359	50	36	the	the	DET
ajfa-9359	50	37	company	company	NOUN
ajfa-9359	50	38	’s	’s	PART
ajfa-9359	50	39	value	value	NOUN
ajfa-9359	50	40	,	,	PUNCT
ajfa-9359	50	41	not	not	PART
ajfa-9359	50	42	its	its	PRON
ajfa-9359	50	43	capital	capital	NOUN
ajfa-9359	50	44	structure	structure	NOUN
ajfa-9359	50	45	;	;	PUNCT
ajfa-9359	50	46	modigliani	modigliani	PROPN
ajfa-9359	50	47	&	&	CCONJ
ajfa-9359	50	48	miller(1958	miller(1958	PRON
ajfa-9359	50	49	)	)	PUNCT
ajfa-9359	50	50	suggest	suggest	VERB
ajfa-9359	50	51	that	that	SCONJ
ajfa-9359	50	52	the	the	DET
ajfa-9359	50	53	company	company	NOUN
ajfa-9359	50	54	’s	’s	PART
ajfa-9359	50	55	value	value	NOUN
ajfa-9359	50	56	is	be	AUX
ajfa-9359	50	57	free	free	ADJ
ajfa-9359	50	58	of	of	ADP
ajfa-9359	50	59	capital	capital	NOUN
ajfa-9359	50	60	structure	structure	NOUN
ajfa-9359	50	61	and	and	CCONJ
ajfa-9359	50	62	that	that	SCONJ
ajfa-9359	50	63	a	a	DET
ajfa-9359	50	64	levered	lever	VERB
ajfa-9359	50	65	company	company	NOUN
ajfa-9359	50	66	’s	’s	PART
ajfa-9359	50	67	value	value	NOUN
ajfa-9359	50	68	is	be	AUX
ajfa-9359	50	69	equal	equal	ADJ
ajfa-9359	50	70	to	to	ADP
ajfa-9359	50	71	that	that	PRON
ajfa-9359	50	72	of	of	ADP
ajfa-9359	50	73	an	an	DET
ajfa-9359	50	74	unlevered	unlevered	ADJ
ajfa-9359	50	75	one	one	NUM
ajfa-9359	50	76	.	.	PUNCT
ajfa-9359	51	1	the	the	DET
ajfa-9359	51	2	second	second	ADJ
ajfa-9359	51	3	proposition	proposition	NOUN
ajfa-9359	51	4	of	of	ADP
ajfa-9359	51	5	modigliani	modigliani	PROPN
ajfa-9359	51	6	&	&	CCONJ
ajfa-9359	51	7	miller	miller	PROPN
ajfa-9359	51	8	is	be	AUX
ajfa-9359	51	9	that	that	SCONJ
ajfa-9359	51	10	the	the	DET
ajfa-9359	51	11	expected	expect	VERB
ajfa-9359	51	12	rate	rate	NOUN
ajfa-9359	51	13	of	of	ADP
ajfa-9359	51	14	return	return	NOUN
ajfa-9359	51	15	on	on	ADP
ajfa-9359	51	16	equity	equity	NOUN
ajfa-9359	51	17	increases	increase	NOUN
ajfa-9359	51	18	proportionately	proportionately	ADV
ajfa-9359	51	19	with	with	ADP
ajfa-9359	51	20	the	the	DET
ajfa-9359	51	21	gearing	gear	VERB
ajfa-9359	51	22	ratio	ratio	NOUN
ajfa-9359	51	23	.	.	PUNCT
ajfa-9359	52	1	the	the	DET
ajfa-9359	52	2	equity	equity	NOUN
ajfa-9359	52	3	cost	cost	NOUN
ajfa-9359	52	4	is	be	AUX
ajfa-9359	52	5	equivalent	equivalent	ADJ
ajfa-9359	52	6	to	to	ADP
ajfa-9359	52	7	the	the	DET
ajfa-9359	52	8	capital	capital	NOUN
ajfa-9359	52	9	cost	cost	NOUN
ajfa-9359	52	10	of	of	ADP
ajfa-9359	52	11	an	an	DET
ajfa-9359	52	12	unlevered	unlevered	ADJ
ajfa-9359	52	13	company	company	NOUN
ajfa-9359	52	14	in	in	ADP
ajfa-9359	52	15	addition	addition	NOUN
ajfa-9359	52	16	to	to	ADP
ajfa-9359	52	17	the	the	DET
ajfa-9359	52	18	difference	difference	NOUN
ajfa-9359	52	19	between	between	ADP
ajfa-9359	52	20	the	the	DET
ajfa-9359	52	21	capital	capital	NOUN
ajfa-9359	52	22	cost	cost	NOUN
ajfa-9359	52	23	of	of	ADP
ajfa-9359	52	24	an	an	DET
ajfa-9359	52	25	unlevered	unlevered	ADJ
ajfa-9359	52	26	company	company	NOUN
ajfa-9359	52	27	and	and	CCONJ
ajfa-9359	52	28	the	the	DET
ajfa-9359	52	29	debt	debt	NOUN
ajfa-9359	52	30	cost	cost	NOUN
ajfa-9359	52	31	,	,	PUNCT
ajfa-9359	52	32	weighted	weight	VERB
ajfa-9359	52	33	by	by	ADP
ajfa-9359	52	34	the	the	DET
ajfa-9359	52	35	ratio	ratio	NOUN
ajfa-9359	52	36	of	of	ADP
ajfa-9359	52	37	debt	debt	NOUN
ajfa-9359	52	38	-	-	PUNCT
ajfa-9359	52	39	equity	equity	NOUN
ajfa-9359	52	40	.	.	PUNCT
ajfa-9359	53	1	the	the	DET
ajfa-9359	53	2	third	third	ADJ
ajfa-9359	53	3	preposition	preposition	NOUN
ajfa-9359	53	4	is	be	AUX
ajfa-9359	53	5	that	that	SCONJ
ajfa-9359	53	6	new	new	ADJ
ajfa-9359	53	7	projects	project	NOUN
ajfa-9359	53	8	should	should	AUX
ajfa-9359	53	9	be	be	AUX
ajfa-9359	53	10	evaluated	evaluate	VERB
ajfa-9359	53	11	by	by	ADP
ajfa-9359	53	12	weighted	weight	VERB
ajfa-9359	53	13	average	average	ADJ
ajfa-9359	53	14	cost	cost	NOUN
ajfa-9359	53	15	of	of	ADP
ajfa-9359	53	16	capital	capital	NOUN
ajfa-9359	53	17	(	(	PUNCT
ajfa-9359	53	18	wacc	wacc	PROPN
ajfa-9359	53	19	)	)	PUNCT
ajfa-9359	53	20	which	which	PRON
ajfa-9359	53	21	is	be	AUX
ajfa-9359	53	22	constant	constant	ADJ
ajfa-9359	53	23	regardless	regardless	ADV
ajfa-9359	53	24	of	of	ADP
ajfa-9359	53	25	gearing	gearing	NOUN
ajfa-9359	53	26	.	.	PUNCT
ajfa-9359	54	1	in	in	ADP
ajfa-9359	54	2	fact	fact	NOUN
ajfa-9359	54	3	,	,	PUNCT
ajfa-9359	54	4	their	their	PRON
ajfa-9359	54	5	theory	theory	NOUN
ajfa-9359	54	6	is	be	AUX
ajfa-9359	54	7	considered	consider	VERB
ajfa-9359	54	8	as	as	ADP
ajfa-9359	54	9	the	the	DET
ajfa-9359	54	10	essential	essential	ADJ
ajfa-9359	54	11	groundwork	groundwork	NOUN
ajfa-9359	54	12	of	of	ADP
ajfa-9359	54	13	the	the	DET
ajfa-9359	54	14	capital	capital	NOUN
ajfa-9359	54	15	structure	structure	NOUN
ajfa-9359	54	16	theories	theory	NOUN
ajfa-9359	54	17	,	,	PUNCT
ajfa-9359	54	18	even	even	ADV
ajfa-9359	54	19	though	though	SCONJ
ajfa-9359	54	20	it	it	PRON
ajfa-9359	54	21	faces	face	VERB
ajfa-9359	54	22	a	a	DET
ajfa-9359	54	23	great	great	ADJ
ajfa-9359	54	24	deal	deal	NOUN
ajfa-9359	54	25	of	of	ADP
ajfa-9359	54	26	criticism	criticism	NOUN
ajfa-9359	54	27	.	.	PUNCT
ajfa-9359	55	1	one	one	NUM
ajfa-9359	55	2	of	of	ADP
ajfa-9359	55	3	the	the	DET
ajfa-9359	55	4	criticisms	criticism	NOUN
ajfa-9359	55	5	is	be	AUX
ajfa-9359	55	6	that	that	SCONJ
ajfa-9359	55	7	this	this	DET
ajfa-9359	55	8	theory	theory	NOUN
ajfa-9359	55	9	is	be	AUX
ajfa-9359	55	10	not	not	PART
ajfa-9359	55	11	appropriate	appropriate	ADJ
ajfa-9359	55	12	for	for	ADP
ajfa-9359	55	13	the	the	DET
ajfa-9359	55	14	current	current	ADJ
ajfa-9359	55	15	environment	environment	NOUN
ajfa-9359	55	16	because	because	SCONJ
ajfa-9359	55	17	it	it	PRON
ajfa-9359	55	18	assumes	assume	VERB
ajfa-9359	55	19	that	that	SCONJ
ajfa-9359	55	20	there	there	PRON
ajfa-9359	55	21	is	be	VERB
ajfa-9359	55	22	an	an	DET
ajfa-9359	55	23	ideal	ideal	ADJ
ajfa-9359	55	24	capital	capital	NOUN
ajfa-9359	55	25	asian	asian	ADJ
ajfa-9359	55	26	journal	journal	NOUN
ajfa-9359	55	27	of	of	ADP
ajfa-9359	55	28	finance	finance	PROPN
ajfa-9359	55	29	&	&	CCONJ
ajfa-9359	55	30	accounting	accounting	PROPN
ajfa-9359	55	31	issn	issn	PROPN
ajfa-9359	55	32	1946	1946	NUM
ajfa-9359	55	33	-	-	PUNCT
ajfa-9359	55	34	052x	052x	PROPN
ajfa-9359	55	35	2017	2017	NUM
ajfa-9359	55	36	,	,	PUNCT
ajfa-9359	55	37	vol	vol	NOUN
ajfa-9359	55	38	.	.	NOUN
ajfa-9359	55	39	9	9	NUM
ajfa-9359	55	40	,	,	PUNCT
ajfa-9359	55	41	no	no	INTJ
ajfa-9359	55	42	.	.	NOUN
ajfa-9359	55	43	1	1	NUM
ajfa-9359	55	44	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	55	45	5	5	NUM
ajfa-9359	55	46	market	market	NOUN
ajfa-9359	55	47	that	that	PRON
ajfa-9359	55	48	has	have	VERB
ajfa-9359	55	49	no	no	DET
ajfa-9359	55	50	bankruptcy	bankruptcy	NOUN
ajfa-9359	55	51	cost	cost	NOUN
ajfa-9359	55	52	,	,	PUNCT
ajfa-9359	55	53	no	no	DET
ajfa-9359	55	54	equity	equity	NOUN
ajfa-9359	55	55	risk	risk	NOUN
ajfa-9359	55	56	,	,	PUNCT
ajfa-9359	55	57	no	no	DET
ajfa-9359	55	58	debt	debt	NOUN
ajfa-9359	55	59	risk	risk	NOUN
ajfa-9359	55	60	,	,	PUNCT
ajfa-9359	55	61	no	no	DET
ajfa-9359	55	62	business	business	NOUN
ajfa-9359	55	63	cost	cost	NOUN
ajfa-9359	55	64	,	,	PUNCT
ajfa-9359	55	65	and	and	CCONJ
ajfa-9359	55	66	no	no	DET
ajfa-9359	55	67	taxes	taxis	NOUN
ajfa-9359	55	68	.	.	PUNCT
ajfa-9359	56	1	certainly	certainly	ADV
ajfa-9359	56	2	,	,	PUNCT
ajfa-9359	56	3	there	there	PRON
ajfa-9359	56	4	is	be	VERB
ajfa-9359	56	5	no	no	DET
ajfa-9359	56	6	such	such	DET
ajfa-9359	56	7	an	an	DET
ajfa-9359	56	8	environment	environment	NOUN
ajfa-9359	56	9	in	in	ADP
ajfa-9359	56	10	reality	reality	NOUN
ajfa-9359	56	11	(	(	PUNCT
ajfa-9359	56	12	handoo	handoo	PROPN
ajfa-9359	56	13	and	and	CCONJ
ajfa-9359	56	14	sharma	sharma	PROPN
ajfa-9359	56	15	,	,	PUNCT
ajfa-9359	56	16	2014	2014	NUM
ajfa-9359	56	17	)	)	PUNCT
ajfa-9359	56	18	.	.	PUNCT
ajfa-9359	57	1	however	however	ADV
ajfa-9359	57	2	,	,	PUNCT
ajfa-9359	57	3	in	in	ADP
ajfa-9359	57	4	a	a	DET
ajfa-9359	57	5	later	later	ADJ
ajfa-9359	57	6	study	study	NOUN
ajfa-9359	57	7	,	,	PUNCT
ajfa-9359	57	8	modigliani	modigliani	PROPN
ajfa-9359	57	9	and	and	CCONJ
ajfa-9359	57	10	miller	miller	PROPN
ajfa-9359	57	11	(	(	PUNCT
ajfa-9359	57	12	1963	1963	NUM
ajfa-9359	57	13	)	)	PUNCT
ajfa-9359	57	14	take	take	VERB
ajfa-9359	57	15	into	into	ADP
ajfa-9359	57	16	account	account	NOUN
ajfa-9359	57	17	tax	tax	NOUN
ajfa-9359	57	18	to	to	PART
ajfa-9359	57	19	modify	modify	VERB
ajfa-9359	57	20	their	their	PRON
ajfa-9359	57	21	first	first	ADJ
ajfa-9359	57	22	published	publish	VERB
ajfa-9359	57	23	theory	theory	NOUN
ajfa-9359	57	24	and	and	CCONJ
ajfa-9359	57	25	conclude	conclude	VERB
ajfa-9359	57	26	that	that	SCONJ
ajfa-9359	57	27	a	a	DET
ajfa-9359	57	28	levered	lever	VERB
ajfa-9359	57	29	company	company	NOUN
ajfa-9359	57	30	’s	’s	PART
ajfa-9359	57	31	value	value	NOUN
ajfa-9359	57	32	is	be	AUX
ajfa-9359	57	33	more	more	ADJ
ajfa-9359	57	34	than	than	ADP
ajfa-9359	57	35	that	that	PRON
ajfa-9359	57	36	is	be	AUX
ajfa-9359	57	37	of	of	ADP
ajfa-9359	57	38	an	an	DET
ajfa-9359	57	39	unlevered	unlevered	ADJ
ajfa-9359	57	40	one	one	NOUN
ajfa-9359	57	41	and	and	CCONJ
ajfa-9359	57	42	this	this	DET
ajfa-9359	57	43	value	value	NOUN
ajfa-9359	57	44	and	and	CCONJ
ajfa-9359	57	45	the	the	DET
ajfa-9359	57	46	value	value	NOUN
ajfa-9359	57	47	of	of	ADP
ajfa-9359	57	48	the	the	DET
ajfa-9359	57	49	tax	tax	NOUN
ajfa-9359	57	50	shield	shield	NOUN
ajfa-9359	57	51	are	be	AUX
ajfa-9359	57	52	equal	equal	ADJ
ajfa-9359	57	53	because	because	SCONJ
ajfa-9359	57	54	of	of	ADP
ajfa-9359	57	55	taking	take	VERB
ajfa-9359	57	56	the	the	DET
ajfa-9359	57	57	factor	factor	NOUN
ajfa-9359	57	58	of	of	ADP
ajfa-9359	57	59	tax	tax	NOUN
ajfa-9359	57	60	shield	shield	NOUN
ajfa-9359	57	61	on	on	ADP
ajfa-9359	57	62	debt	debt	NOUN
ajfa-9359	57	63	into	into	ADP
ajfa-9359	57	64	consideration	consideration	NOUN
ajfa-9359	57	65	.	.	PUNCT
ajfa-9359	58	1	as	as	SCONJ
ajfa-9359	58	2	mentioned	mention	VERB
ajfa-9359	58	3	in	in	ADP
ajfa-9359	58	4	handoo	handoo	PROPN
ajfa-9359	58	5	and	and	CCONJ
ajfa-9359	58	6	sharma	sharma	PROPN
ajfa-9359	58	7	(	(	PUNCT
ajfa-9359	58	8	2014	2014	NUM
ajfa-9359	58	9	)	)	PUNCT
ajfa-9359	58	10	,	,	PUNCT
ajfa-9359	58	11	a	a	DET
ajfa-9359	58	12	further	further	ADJ
ajfa-9359	58	13	modification	modification	NOUN
ajfa-9359	58	14	(	(	PUNCT
ajfa-9359	58	15	modigliani	modigliani	PROPN
ajfa-9359	58	16	and	and	CCONJ
ajfa-9359	58	17	miller	miller	PROPN
ajfa-9359	58	18	,	,	PUNCT
ajfa-9359	58	19	1966	1966	NUM
ajfa-9359	58	20	)	)	PUNCT
ajfa-9359	58	21	includes	include	VERB
ajfa-9359	58	22	the	the	DET
ajfa-9359	58	23	impact	impact	NOUN
ajfa-9359	58	24	of	of	ADP
ajfa-9359	58	25	personal	personal	ADJ
ajfa-9359	58	26	taxes	taxis	NOUN
ajfa-9359	58	27	which	which	PRON
ajfa-9359	58	28	are	be	AUX
ajfa-9359	58	29	categorized	categorize	VERB
ajfa-9359	58	30	into	into	ADP
ajfa-9359	58	31	tax	tax	NOUN
ajfa-9359	58	32	on	on	ADP
ajfa-9359	58	33	income	income	NOUN
ajfa-9359	58	34	from	from	ADP
ajfa-9359	58	35	debt	debt	NOUN
ajfa-9359	58	36	securities	security	NOUN
ajfa-9359	58	37	and	and	CCONJ
ajfa-9359	58	38	tax	tax	NOUN
ajfa-9359	58	39	on	on	ADP
ajfa-9359	58	40	income	income	NOUN
ajfa-9359	58	41	from	from	ADP
ajfa-9359	58	42	holdings	holding	NOUN
ajfa-9359	58	43	shares	share	NOUN
ajfa-9359	58	44	.	.	PUNCT
ajfa-9359	59	1	to	to	ADP
ajfa-9359	59	2	summaries	summary	NOUN
ajfa-9359	59	3	,	,	PUNCT
ajfa-9359	59	4	modigliani	modigliani	PROPN
ajfa-9359	59	5	and	and	CCONJ
ajfa-9359	59	6	miller	miller	PROPN
ajfa-9359	59	7	’s	’s	PART
ajfa-9359	59	8	theory	theory	NOUN
ajfa-9359	59	9	is	be	AUX
ajfa-9359	59	10	still	still	ADV
ajfa-9359	59	11	the	the	DET
ajfa-9359	59	12	basic	basic	ADJ
ajfa-9359	59	13	theory	theory	NOUN
ajfa-9359	59	14	of	of	ADP
ajfa-9359	59	15	capital	capital	NOUN
ajfa-9359	59	16	structure	structure	NOUN
ajfa-9359	59	17	,	,	PUNCT
ajfa-9359	59	18	which	which	PRON
ajfa-9359	59	19	opens	open	VERB
ajfa-9359	59	20	extensive	extensive	ADJ
ajfa-9359	59	21	discussion	discussion	NOUN
ajfa-9359	59	22	in	in	ADP
ajfa-9359	59	23	the	the	DET
ajfa-9359	59	24	capital	capital	NOUN
ajfa-9359	59	25	structure	structure	NOUN
ajfa-9359	59	26	topic	topic	NOUN
ajfa-9359	59	27	.	.	PUNCT
ajfa-9359	60	1	2.1.2	2.1.2	NUM
ajfa-9359	60	2	the	the	DET
ajfa-9359	60	3	trade	trade	NOUN
ajfa-9359	60	4	-	-	PUNCT
ajfa-9359	60	5	off	off	ADP
ajfa-9359	60	6	theory	theory	NOUN
ajfa-9359	60	7	the	the	DET
ajfa-9359	60	8	trade	trade	NOUN
ajfa-9359	60	9	-	-	PUNCT
ajfa-9359	60	10	off	off	ADP
ajfa-9359	60	11	theory	theory	NOUN
ajfa-9359	60	12	supposes	suppose	VERB
ajfa-9359	60	13	that	that	SCONJ
ajfa-9359	60	14	a	a	DET
ajfa-9359	60	15	company	company	NOUN
ajfa-9359	60	16	makes	make	VERB
ajfa-9359	60	17	debt	debt	NOUN
ajfa-9359	60	18	the	the	DET
ajfa-9359	60	19	major	major	ADJ
ajfa-9359	60	20	source	source	NOUN
ajfa-9359	60	21	of	of	ADP
ajfa-9359	60	22	its	its	PRON
ajfa-9359	60	23	financing	financing	NOUN
ajfa-9359	60	24	in	in	ADP
ajfa-9359	60	25	its	its	PRON
ajfa-9359	60	26	capital	capital	NOUN
ajfa-9359	60	27	structure	structure	NOUN
ajfa-9359	60	28	.	.	PUNCT
ajfa-9359	61	1	using	use	VERB
ajfa-9359	61	2	more	more	ADJ
ajfa-9359	61	3	debt	debt	NOUN
ajfa-9359	61	4	is	be	AUX
ajfa-9359	61	5	beneficial	beneficial	ADJ
ajfa-9359	61	6	for	for	ADP
ajfa-9359	61	7	a	a	DET
ajfa-9359	61	8	firm	firm	NOUN
ajfa-9359	61	9	because	because	SCONJ
ajfa-9359	61	10	the	the	DET
ajfa-9359	61	11	marginal	marginal	ADJ
ajfa-9359	61	12	value	value	NOUN
ajfa-9359	61	13	of	of	ADP
ajfa-9359	61	14	tax	tax	NOUN
ajfa-9359	61	15	on	on	ADP
ajfa-9359	61	16	more	more	ADJ
ajfa-9359	61	17	debt	debt	NOUN
ajfa-9359	61	18	compensates	compensate	NOUN
ajfa-9359	61	19	the	the	DET
ajfa-9359	61	20	financial	financial	ADJ
ajfa-9359	61	21	cost	cost	NOUN
ajfa-9359	61	22	of	of	ADP
ajfa-9359	61	23	the	the	DET
ajfa-9359	61	24	extra	extra	ADJ
ajfa-9359	61	25	debt	debt	NOUN
ajfa-9359	61	26	;	;	PUNCT
ajfa-9359	61	27	this	this	PRON
ajfa-9359	61	28	is	be	AUX
ajfa-9359	61	29	known	know	VERB
ajfa-9359	61	30	as	as	ADP
ajfa-9359	61	31	the	the	DET
ajfa-9359	61	32	tax	tax	NOUN
ajfa-9359	61	33	shield	shield	NOUN
ajfa-9359	61	34	or	or	CCONJ
ajfa-9359	61	35	the	the	DET
ajfa-9359	61	36	deductible	deductible	ADJ
ajfa-9359	61	37	tax	tax	NOUN
ajfa-9359	61	38	as	as	SCONJ
ajfa-9359	61	39	indicated	indicate	VERB
ajfa-9359	61	40	by	by	ADP
ajfa-9359	61	41	myers	myers	PROPN
ajfa-9359	61	42	(	(	PUNCT
ajfa-9359	61	43	1984	1984	NUM
ajfa-9359	61	44	,	,	PUNCT
ajfa-9359	61	45	2001	2001	NUM
ajfa-9359	61	46	)	)	PUNCT
ajfa-9359	61	47	.	.	PUNCT
ajfa-9359	62	1	according	accord	VERB
ajfa-9359	62	2	to	to	ADP
ajfa-9359	62	3	myers	myers	PROPN
ajfa-9359	62	4	(	(	PUNCT
ajfa-9359	62	5	1984	1984	NUM
ajfa-9359	62	6	)	)	PUNCT
ajfa-9359	62	7	,	,	PUNCT
ajfa-9359	62	8	this	this	DET
ajfa-9359	62	9	theory	theory	NOUN
ajfa-9359	62	10	refers	refer	VERB
ajfa-9359	62	11	to	to	ADP
ajfa-9359	62	12	the	the	DET
ajfa-9359	62	13	trade	trade	NOUN
ajfa-9359	62	14	-	-	PUNCT
ajfa-9359	62	15	off	off	NOUN
ajfa-9359	62	16	of	of	ADP
ajfa-9359	62	17	the	the	DET
ajfa-9359	62	18	benefits	benefit	NOUN
ajfa-9359	62	19	of	of	ADP
ajfa-9359	62	20	tax	tax	NOUN
ajfa-9359	62	21	and	and	CCONJ
ajfa-9359	62	22	the	the	DET
ajfa-9359	62	23	costs	cost	NOUN
ajfa-9359	62	24	of	of	ADP
ajfa-9359	62	25	financial	financial	ADJ
ajfa-9359	62	26	distresses	distress	NOUN
ajfa-9359	62	27	.	.	PUNCT
ajfa-9359	63	1	companies	company	NOUN
ajfa-9359	63	2	with	with	ADP
ajfa-9359	63	3	high	high	ADJ
ajfa-9359	63	4	debt	debt	NOUN
ajfa-9359	63	5	may	may	AUX
ajfa-9359	63	6	be	be	AUX
ajfa-9359	63	7	more	more	ADV
ajfa-9359	63	8	exposed	expose	VERB
ajfa-9359	63	9	to	to	ADP
ajfa-9359	63	10	bankruptcy	bankruptcy	NOUN
ajfa-9359	63	11	or	or	CCONJ
ajfa-9359	63	12	financial	financial	ADJ
ajfa-9359	63	13	troubles	trouble	NOUN
ajfa-9359	63	14	if	if	SCONJ
ajfa-9359	63	15	they	they	PRON
ajfa-9359	63	16	are	be	AUX
ajfa-9359	63	17	not	not	PART
ajfa-9359	63	18	able	able	ADJ
ajfa-9359	63	19	to	to	PART
ajfa-9359	63	20	acquire	acquire	VERB
ajfa-9359	63	21	enough	enough	ADJ
ajfa-9359	63	22	cash	cash	NOUN
ajfa-9359	63	23	by	by	ADP
ajfa-9359	63	24	their	their	PRON
ajfa-9359	63	25	operational	operational	ADJ
ajfa-9359	63	26	or	or	CCONJ
ajfa-9359	63	27	financial	financial	ADJ
ajfa-9359	63	28	activities	activity	NOUN
ajfa-9359	63	29	to	to	PART
ajfa-9359	63	30	be	be	AUX
ajfa-9359	63	31	able	able	ADJ
ajfa-9359	63	32	to	to	PART
ajfa-9359	63	33	cover	cover	VERB
ajfa-9359	63	34	their	their	PRON
ajfa-9359	63	35	borrowings	borrowing	NOUN
ajfa-9359	63	36	.	.	PUNCT
ajfa-9359	64	1	in	in	ADP
ajfa-9359	64	2	addition	addition	NOUN
ajfa-9359	64	3	,	,	PUNCT
ajfa-9359	64	4	a	a	DET
ajfa-9359	64	5	firm	firm	NOUN
ajfa-9359	64	6	with	with	ADP
ajfa-9359	64	7	heavy	heavy	ADJ
ajfa-9359	64	8	debt	debt	NOUN
ajfa-9359	64	9	is	be	AUX
ajfa-9359	64	10	exposed	expose	VERB
ajfa-9359	64	11	to	to	PART
ajfa-9359	64	12	pay	pay	VERB
ajfa-9359	64	13	interest	interest	NOUN
ajfa-9359	64	14	payment	payment	NOUN
ajfa-9359	64	15	,	,	PUNCT
ajfa-9359	64	16	while	while	SCONJ
ajfa-9359	64	17	a	a	DET
ajfa-9359	64	18	firm	firm	NOUN
ajfa-9359	64	19	without	without	ADP
ajfa-9359	64	20	debt	debt	NOUN
ajfa-9359	64	21	would	would	AUX
ajfa-9359	64	22	invest	invest	VERB
ajfa-9359	64	23	all	all	DET
ajfa-9359	64	24	its	its	PRON
ajfa-9359	64	25	profit	profit	NOUN
ajfa-9359	64	26	again	again	ADV
ajfa-9359	64	27	,	,	PUNCT
ajfa-9359	64	28	according	accord	VERB
ajfa-9359	64	29	to	to	ADP
ajfa-9359	64	30	modigliani	modigliani	PROPN
ajfa-9359	64	31	and	and	CCONJ
ajfa-9359	64	32	miller	miller	PROPN
ajfa-9359	64	33	(	(	PUNCT
ajfa-9359	64	34	1958).one	1958).one	NUM
ajfa-9359	64	35	of	of	ADP
ajfa-9359	64	36	the	the	DET
ajfa-9359	64	37	most	most	ADV
ajfa-9359	64	38	significant	significant	ADJ
ajfa-9359	64	39	disadvantages	disadvantage	NOUN
ajfa-9359	64	40	of	of	ADP
ajfa-9359	64	41	making	make	VERB
ajfa-9359	64	42	debt	debt	NOUN
ajfa-9359	64	43	the	the	DET
ajfa-9359	64	44	main	main	ADJ
ajfa-9359	64	45	source	source	NOUN
ajfa-9359	64	46	of	of	ADP
ajfa-9359	64	47	firm	firm	ADJ
ajfa-9359	64	48	finance	finance	NOUN
ajfa-9359	64	49	is	be	AUX
ajfa-9359	64	50	that	that	SCONJ
ajfa-9359	64	51	the	the	DET
ajfa-9359	64	52	possibility	possibility	NOUN
ajfa-9359	64	53	of	of	ADP
ajfa-9359	64	54	financial	financial	ADJ
ajfa-9359	64	55	distress	distress	NOUN
ajfa-9359	64	56	rises	rise	NOUN
ajfa-9359	64	57	.	.	PUNCT
ajfa-9359	65	1	in	in	ADP
ajfa-9359	65	2	addition	addition	NOUN
ajfa-9359	65	3	,	,	PUNCT
ajfa-9359	65	4	brealey	brealey	NOUN
ajfa-9359	65	5	,	,	PUNCT
ajfa-9359	65	6	myers	myers	PROPN
ajfa-9359	65	7	and	and	CCONJ
ajfa-9359	65	8	allen	allen	PROPN
ajfa-9359	65	9	(	(	PUNCT
ajfa-9359	65	10	2006	2006	NUM
ajfa-9359	65	11	)	)	PUNCT
ajfa-9359	65	12	state	state	NOUN
ajfa-9359	65	13	that	that	SCONJ
ajfa-9359	65	14	if	if	SCONJ
ajfa-9359	65	15	the	the	DET
ajfa-9359	65	16	firm	firm	NOUN
ajfa-9359	65	17	raises	raise	VERB
ajfa-9359	65	18	debt	debt	NOUN
ajfa-9359	65	19	and	and	CCONJ
ajfa-9359	65	20	it	it	PRON
ajfa-9359	65	21	is	be	AUX
ajfa-9359	65	22	reluctant	reluctant	ADJ
ajfa-9359	65	23	benefit	benefit	NOUN
ajfa-9359	65	24	from	from	ADP
ajfa-9359	65	25	tax	tax	NOUN
ajfa-9359	65	26	shield	shield	NOUN
ajfa-9359	65	27	,	,	PUNCT
ajfa-9359	65	28	the	the	DET
ajfa-9359	65	29	firm	firm	NOUN
ajfa-9359	65	30	can	can	AUX
ajfa-9359	65	31	have	have	AUX
ajfa-9359	65	32	bankruptcy	bankruptcy	NOUN
ajfa-9359	65	33	and	and	CCONJ
ajfa-9359	65	34	financial	financial	ADJ
ajfa-9359	65	35	distresses	distress	NOUN
ajfa-9359	65	36	without	without	ADP
ajfa-9359	65	37	benefiting	benefit	VERB
ajfa-9359	65	38	from	from	ADP
ajfa-9359	65	39	raising	raise	VERB
ajfa-9359	65	40	debt	debt	NOUN
ajfa-9359	65	41	.	.	PUNCT
ajfa-9359	66	1	according	accord	VERB
ajfa-9359	66	2	to	to	ADP
ajfa-9359	66	3	myers	myers	PROPN
ajfa-9359	66	4	(	(	PUNCT
ajfa-9359	66	5	1984	1984	NUM
ajfa-9359	66	6	)	)	PUNCT
ajfa-9359	66	7	,	,	PUNCT
ajfa-9359	66	8	firms	firm	NOUN
ajfa-9359	66	9	that	that	PRON
ajfa-9359	66	10	are	be	AUX
ajfa-9359	66	11	financially	financially	ADV
ajfa-9359	66	12	risky	risky	ADJ
ajfa-9359	66	13	are	be	AUX
ajfa-9359	66	14	supposed	suppose	VERB
ajfa-9359	66	15	to	to	PART
ajfa-9359	66	16	borrow	borrow	VERB
ajfa-9359	66	17	less	less	ADJ
ajfa-9359	66	18	.	.	PUNCT
ajfa-9359	67	1	therefore	therefore	ADV
ajfa-9359	67	2	,	,	PUNCT
ajfa-9359	67	3	companies	company	NOUN
ajfa-9359	67	4	are	be	AUX
ajfa-9359	67	5	supposed	suppose	VERB
ajfa-9359	67	6	to	to	PART
ajfa-9359	67	7	assess	assess	VERB
ajfa-9359	67	8	the	the	DET
ajfa-9359	67	9	advantages	advantage	NOUN
ajfa-9359	67	10	as	as	ADV
ajfa-9359	67	11	well	well	ADV
ajfa-9359	67	12	as	as	ADP
ajfa-9359	67	13	the	the	DET
ajfa-9359	67	14	costs	cost	NOUN
ajfa-9359	67	15	resulting	result	VERB
ajfa-9359	67	16	from	from	ADP
ajfa-9359	67	17	financing	financing	NOUN
ajfa-9359	67	18	by	by	ADP
ajfa-9359	67	19	debt	debt	NOUN
ajfa-9359	67	20	for	for	ADP
ajfa-9359	67	21	maximizing	maximize	VERB
ajfa-9359	67	22	their	their	PRON
ajfa-9359	67	23	value	value	NOUN
ajfa-9359	67	24	.	.	PUNCT
ajfa-9359	68	1	2.1.3	2.1.3	NUM
ajfa-9359	68	2	pecking	pecking	NOUN
ajfa-9359	68	3	order	order	NOUN
ajfa-9359	68	4	theory	theory	NOUN
ajfa-9359	68	5	this	this	DET
ajfa-9359	68	6	theory	theory	NOUN
ajfa-9359	68	7	was	be	AUX
ajfa-9359	68	8	presented	present	VERB
ajfa-9359	68	9	by	by	ADP
ajfa-9359	68	10	myers	myers	PROPN
ajfa-9359	68	11	&	&	CCONJ
ajfa-9359	68	12	majluf	majluf	PROPN
ajfa-9359	68	13	(	(	PUNCT
ajfa-9359	68	14	1984	1984	NUM
ajfa-9359	68	15	)	)	PUNCT
ajfa-9359	68	16	.	.	PUNCT
ajfa-9359	69	1	pecking	pecking	NOUN
ajfa-9359	69	2	order	order	NOUN
ajfa-9359	69	3	theory	theory	NOUN
ajfa-9359	69	4	is	be	AUX
ajfa-9359	69	5	one	one	NUM
ajfa-9359	69	6	of	of	ADP
ajfa-9359	69	7	the	the	DET
ajfa-9359	69	8	most	most	ADV
ajfa-9359	69	9	significant	significant	ADJ
ajfa-9359	69	10	theories	theory	NOUN
ajfa-9359	69	11	explaining	explain	VERB
ajfa-9359	69	12	the	the	DET
ajfa-9359	69	13	capital	capital	NOUN
ajfa-9359	69	14	structure	structure	NOUN
ajfa-9359	69	15	choice	choice	NOUN
ajfa-9359	69	16	.	.	PUNCT
ajfa-9359	70	1	it	it	PRON
ajfa-9359	70	2	supposes	suppose	VERB
ajfa-9359	70	3	that	that	SCONJ
ajfa-9359	70	4	a	a	DET
ajfa-9359	70	5	company	company	NOUN
ajfa-9359	70	6	likes	like	VERB
ajfa-9359	70	7	to	to	PART
ajfa-9359	70	8	use	use	VERB
ajfa-9359	70	9	its	its	PRON
ajfa-9359	70	10	internal	internal	ADJ
ajfa-9359	70	11	financing	financing	NOUN
ajfa-9359	70	12	resources	resource	NOUN
ajfa-9359	70	13	first	first	ADV
ajfa-9359	70	14	,	,	PUNCT
ajfa-9359	70	15	and	and	CCONJ
ajfa-9359	70	16	then	then	ADV
ajfa-9359	70	17	it	it	PRON
ajfa-9359	70	18	uses	use	VERB
ajfa-9359	70	19	the	the	DET
ajfa-9359	70	20	external	external	ADJ
ajfa-9359	70	21	sources	source	NOUN
ajfa-9359	70	22	of	of	ADP
ajfa-9359	70	23	finance	finance	NOUN
ajfa-9359	70	24	including	include	VERB
ajfa-9359	70	25	debt	debt	NOUN
ajfa-9359	70	26	and	and	CCONJ
ajfa-9359	70	27	equity	equity	NOUN
ajfa-9359	70	28	as	as	ADP
ajfa-9359	70	29	the	the	DET
ajfa-9359	70	30	final	final	ADJ
ajfa-9359	70	31	resort	resort	NOUN
ajfa-9359	70	32	for	for	ADP
ajfa-9359	70	33	funding	funding	NOUN
ajfa-9359	70	34	because	because	SCONJ
ajfa-9359	70	35	equity	equity	NOUN
ajfa-9359	70	36	is	be	AUX
ajfa-9359	70	37	more	more	ADV
ajfa-9359	70	38	costly	costly	ADJ
ajfa-9359	70	39	compared	compare	VERB
ajfa-9359	70	40	to	to	ADP
ajfa-9359	70	41	and	and	CCONJ
ajfa-9359	70	42	the	the	DET
ajfa-9359	70	43	internal	internal	ADJ
ajfa-9359	70	44	sources	source	NOUN
ajfa-9359	70	45	of	of	ADP
ajfa-9359	70	46	finance	finance	NOUN
ajfa-9359	70	47	,	,	PUNCT
ajfa-9359	70	48	which	which	PRON
ajfa-9359	70	49	are	be	AUX
ajfa-9359	70	50	considered	consider	VERB
ajfa-9359	70	51	the	the	DET
ajfa-9359	70	52	cheapest	cheap	ADJ
ajfa-9359	70	53	.	.	PUNCT
ajfa-9359	71	1	if	if	SCONJ
ajfa-9359	71	2	the	the	DET
ajfa-9359	71	3	firm	firm	NOUN
ajfa-9359	71	4	needs	need	VERB
ajfa-9359	71	5	external	external	ADJ
ajfa-9359	71	6	financing	financing	NOUN
ajfa-9359	71	7	sources	source	NOUN
ajfa-9359	71	8	,	,	PUNCT
ajfa-9359	71	9	it	it	PRON
ajfa-9359	71	10	prefers	prefer	VERB
ajfa-9359	71	11	to	to	PART
ajfa-9359	71	12	issue	issue	VERB
ajfa-9359	71	13	stocks	stock	NOUN
ajfa-9359	71	14	,	,	PUNCT
ajfa-9359	71	15	which	which	PRON
ajfa-9359	71	16	are	be	AUX
ajfa-9359	71	17	considered	consider	VERB
ajfa-9359	71	18	costless	costless	NOUN
ajfa-9359	71	19	and	and	CCONJ
ajfa-9359	71	20	safer	safe	ADJ
ajfa-9359	71	21	compared	compare	VERB
ajfa-9359	71	22	other	other	ADJ
ajfa-9359	71	23	external	external	ADJ
ajfa-9359	71	24	financing	financing	NOUN
ajfa-9359	71	25	sources	source	NOUN
ajfa-9359	71	26	that	that	PRON
ajfa-9359	71	27	are	be	AUX
ajfa-9359	71	28	used	use	VERB
ajfa-9359	71	29	as	as	ADP
ajfa-9359	71	30	the	the	DET
ajfa-9359	71	31	last	last	ADJ
ajfa-9359	71	32	resort	resort	NOUN
ajfa-9359	71	33	,	,	PUNCT
ajfa-9359	71	34	according	accord	VERB
ajfa-9359	71	35	to	to	ADP
ajfa-9359	71	36	myers	myers	PROPN
ajfa-9359	71	37	&	&	CCONJ
ajfa-9359	71	38	majluf	majluf	PROPN
ajfa-9359	71	39	(	(	PUNCT
ajfa-9359	71	40	1984	1984	NUM
ajfa-9359	71	41	)	)	PUNCT
ajfa-9359	71	42	.	.	PUNCT
ajfa-9359	72	1	thus	thus	ADV
ajfa-9359	72	2	,	,	PUNCT
ajfa-9359	72	3	the	the	DET
ajfa-9359	72	4	cost	cost	NOUN
ajfa-9359	72	5	of	of	ADP
ajfa-9359	72	6	each	each	DET
ajfa-9359	72	7	source	source	NOUN
ajfa-9359	72	8	of	of	ADP
ajfa-9359	72	9	finance	finance	NOUN
ajfa-9359	72	10	,	,	PUNCT
ajfa-9359	72	11	which	which	PRON
ajfa-9359	72	12	is	be	AUX
ajfa-9359	72	13	related	relate	VERB
ajfa-9359	72	14	to	to	ADP
ajfa-9359	72	15	information	information	NOUN
ajfa-9359	72	16	asymmetryand	asymmetryand	ADP
ajfa-9359	72	17	the	the	DET
ajfa-9359	72	18	fact	fact	NOUN
ajfa-9359	72	19	that	that	SCONJ
ajfa-9359	72	20	using	use	VERB
ajfa-9359	72	21	internal	internal	ADJ
ajfa-9359	72	22	finance	finance	NOUN
ajfa-9359	72	23	sources	source	NOUN
ajfa-9359	72	24	is	be	AUX
ajfa-9359	72	25	easier	easy	ADJ
ajfa-9359	72	26	and	and	CCONJ
ajfa-9359	72	27	more	more	ADV
ajfa-9359	72	28	available	available	ADJ
ajfa-9359	72	29	than	than	SCONJ
ajfa-9359	72	30	external	external	ADJ
ajfa-9359	72	31	ones	one	NOUN
ajfa-9359	72	32	play	play	VERB
ajfa-9359	72	33	important	important	ADJ
ajfa-9359	72	34	roles	role	NOUN
ajfa-9359	72	35	in	in	ADP
ajfa-9359	72	36	making	make	VERB
ajfa-9359	72	37	firms	firm	NOUN
ajfa-9359	72	38	prefer	prefer	VERB
ajfa-9359	72	39	internal	internal	ADJ
ajfa-9359	72	40	finance	finance	NOUN
ajfa-9359	72	41	sources	source	NOUN
ajfa-9359	72	42	over	over	ADP
ajfa-9359	72	43	external	external	ADJ
ajfa-9359	72	44	ones	one	NOUN
ajfa-9359	72	45	.	.	PUNCT
ajfa-9359	73	1	thus	thus	ADV
ajfa-9359	73	2	,	,	PUNCT
ajfa-9359	73	3	the	the	DET
ajfa-9359	73	4	financing	financing	NOUN
ajfa-9359	73	5	hierarchy	hierarchy	NOUN
ajfa-9359	73	6	suggested	suggest	VERB
ajfa-9359	73	7	by	by	ADP
ajfa-9359	73	8	pecking	pecking	NOUN
ajfa-9359	73	9	order	order	NOUN
ajfa-9359	73	10	theory	theory	NOUN
ajfa-9359	73	11	means	mean	VERB
ajfa-9359	73	12	that	that	SCONJ
ajfa-9359	73	13	the	the	DET
ajfa-9359	73	14	external	external	ADJ
ajfa-9359	73	15	and	and	CCONJ
ajfa-9359	73	16	internal	internal	ADJ
ajfa-9359	73	17	sources	source	NOUN
ajfa-9359	73	18	of	of	ADP
ajfa-9359	73	19	firm	firm	ADJ
ajfa-9359	73	20	finance	finance	NOUN
ajfa-9359	73	21	are	be	AUX
ajfa-9359	73	22	not	not	PART
ajfa-9359	73	23	ideal	ideal	ADJ
ajfa-9359	73	24	alternatives.pecking	alternatives.pecking	NOUN
ajfa-9359	73	25	order	order	NOUN
ajfa-9359	73	26	theory	theory	NOUN
ajfa-9359	73	27	explains	explain	VERB
ajfa-9359	73	28	firms	firm	NOUN
ajfa-9359	73	29	’	'	PUNCT
ajfa-9359	73	30	financing	financing	NOUN
ajfa-9359	73	31	decisions	decision	NOUN
ajfa-9359	73	32	by	by	ADP
ajfa-9359	73	33	considering	consider	VERB
ajfa-9359	73	34	the	the	DET
ajfa-9359	73	35	essential	essential	ADJ
ajfa-9359	73	36	information	information	NOUN
ajfa-9359	73	37	asian	asian	ADJ
ajfa-9359	73	38	journal	journal	NOUN
ajfa-9359	73	39	of	of	ADP
ajfa-9359	73	40	finance	finance	PROPN
ajfa-9359	73	41	&	&	CCONJ
ajfa-9359	73	42	accounting	accounting	PROPN
ajfa-9359	73	43	issn	issn	PROPN
ajfa-9359	73	44	1946	1946	NUM
ajfa-9359	73	45	-	-	PUNCT
ajfa-9359	73	46	052x	052x	PROPN
ajfa-9359	73	47	2017	2017	NUM
ajfa-9359	73	48	,	,	PUNCT
ajfa-9359	73	49	vol	vol	NOUN
ajfa-9359	73	50	.	.	NOUN
ajfa-9359	73	51	9	9	NUM
ajfa-9359	73	52	,	,	PUNCT
ajfa-9359	73	53	no	no	INTJ
ajfa-9359	73	54	.	.	NOUN
ajfa-9359	73	55	1	1	NUM
ajfa-9359	73	56	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	73	57	6	6	NUM
ajfa-9359	73	58	asymmetry	asymmetry	NOUN
ajfa-9359	73	59	existing	exist	VERB
ajfa-9359	73	60	between	between	ADP
ajfa-9359	73	61	the	the	DET
ajfa-9359	73	62	various	various	ADJ
ajfa-9359	73	63	parties	party	NOUN
ajfa-9359	73	64	of	of	ADP
ajfa-9359	73	65	a	a	DET
ajfa-9359	73	66	firm	firm	NOUN
ajfa-9359	73	67	such	such	ADJ
ajfa-9359	73	68	as	as	ADP
ajfa-9359	73	69	managers	manager	NOUN
ajfa-9359	73	70	,	,	PUNCT
ajfa-9359	73	71	creditors	creditor	NOUN
ajfa-9359	73	72	,	,	PUNCT
ajfa-9359	73	73	and	and	CCONJ
ajfa-9359	73	74	external	external	ADJ
ajfa-9359	73	75	investors	investor	NOUN
ajfa-9359	73	76	.	.	PUNCT
ajfa-9359	74	1	2.2	2.2	NUM
ajfa-9359	74	2	determinants	determinant	NOUN
ajfa-9359	74	3	of	of	ADP
ajfa-9359	74	4	capital	capital	NOUN
ajfa-9359	74	5	structure	structure	NOUN
ajfa-9359	74	6	the	the	DET
ajfa-9359	74	7	literature	literature	NOUN
ajfa-9359	74	8	has	have	VERB
ajfa-9359	74	9	a	a	DET
ajfa-9359	74	10	plethora	plethora	NOUN
ajfa-9359	74	11	of	of	ADP
ajfa-9359	74	12	research	research	NOUN
ajfa-9359	74	13	and	and	CCONJ
ajfa-9359	74	14	studies	study	NOUN
ajfa-9359	74	15	conducted	conduct	VERB
ajfa-9359	74	16	to	to	PART
ajfa-9359	74	17	investigate	investigate	VERB
ajfa-9359	74	18	the	the	DET
ajfa-9359	74	19	determinants	determinant	NOUN
ajfa-9359	74	20	of	of	ADP
ajfa-9359	74	21	capital	capital	NOUN
ajfa-9359	74	22	structure	structure	NOUN
ajfa-9359	74	23	in	in	ADP
ajfa-9359	74	24	many	many	ADJ
ajfa-9359	74	25	countries	country	NOUN
ajfa-9359	74	26	,	,	PUNCT
ajfa-9359	74	27	since	since	SCONJ
ajfa-9359	74	28	the	the	DET
ajfa-9359	74	29	decision	decision	NOUN
ajfa-9359	74	30	of	of	ADP
ajfa-9359	74	31	a	a	DET
ajfa-9359	74	32	firm	firm	ADJ
ajfa-9359	74	33	capital	capital	NOUN
ajfa-9359	74	34	structure	structure	NOUN
ajfa-9359	74	35	is	be	AUX
ajfa-9359	74	36	one	one	NUM
ajfa-9359	74	37	of	of	ADP
ajfa-9359	74	38	the	the	DET
ajfa-9359	74	39	main	main	ADJ
ajfa-9359	74	40	and	and	CCONJ
ajfa-9359	74	41	most	most	ADV
ajfa-9359	74	42	significant	significant	ADJ
ajfa-9359	74	43	decisions	decision	NOUN
ajfa-9359	74	44	the	the	DET
ajfa-9359	74	45	managers	manager	NOUN
ajfa-9359	74	46	make	make	VERB
ajfa-9359	74	47	.	.	PUNCT
ajfa-9359	75	1	myers	myers	PROPN
ajfa-9359	75	2	(	(	PUNCT
ajfa-9359	75	3	1977)states	1977)states	PROPN
ajfa-9359	75	4	that	that	SCONJ
ajfa-9359	75	5	companies	company	NOUN
ajfa-9359	75	6	with	with	ADP
ajfa-9359	75	7	a	a	DET
ajfa-9359	75	8	high	high	ADJ
ajfa-9359	75	9	amount	amount	NOUN
ajfa-9359	75	10	of	of	ADP
ajfa-9359	75	11	debt	debt	NOUN
ajfa-9359	75	12	are	be	AUX
ajfa-9359	75	13	expected	expect	VERB
ajfa-9359	75	14	to	to	PART
ajfa-9359	75	15	miss	miss	VERB
ajfa-9359	75	16	out	out	ADP
ajfa-9359	75	17	on	on	ADP
ajfa-9359	75	18	beneficial	beneficial	ADJ
ajfa-9359	75	19	investment	investment	NOUN
ajfa-9359	75	20	opportunities	opportunity	NOUN
ajfa-9359	75	21	;	;	PUNCT
ajfa-9359	75	22	thus	thus	ADV
ajfa-9359	75	23	,	,	PUNCT
ajfa-9359	75	24	companies	company	NOUN
ajfa-9359	75	25	that	that	PRON
ajfa-9359	75	26	look	look	VERB
ajfa-9359	75	27	forward	forward	ADV
ajfa-9359	75	28	to	to	ADP
ajfa-9359	75	29	better	well	ADJ
ajfa-9359	75	30	future	future	ADJ
ajfa-9359	75	31	growth	growth	NOUN
ajfa-9359	75	32	will	will	AUX
ajfa-9359	75	33	be	be	AUX
ajfa-9359	75	34	encouraged	encourage	VERB
ajfa-9359	75	35	to	to	PART
ajfa-9359	75	36	issue	issue	VERB
ajfa-9359	75	37	equity	equity	NOUN
ajfa-9359	75	38	in	in	ADP
ajfa-9359	75	39	order	order	NOUN
ajfa-9359	75	40	to	to	PART
ajfa-9359	75	41	fund	fund	VERB
ajfa-9359	75	42	their	their	PRON
ajfa-9359	75	43	projects	project	NOUN
ajfa-9359	75	44	.	.	PUNCT
ajfa-9359	76	1	deangelo	deangelo	PROPN
ajfa-9359	76	2	and	and	CCONJ
ajfa-9359	76	3	masulis	masulis	PROPN
ajfa-9359	76	4	(	(	PUNCT
ajfa-9359	76	5	1980	1980	NUM
ajfa-9359	76	6	)	)	PUNCT
ajfa-9359	76	7	argue	argue	VERB
ajfa-9359	76	8	that	that	SCONJ
ajfa-9359	76	9	companies	company	NOUN
ajfa-9359	76	10	with	with	ADP
ajfa-9359	76	11	high	high	ADJ
ajfa-9359	76	12	non	non	ADJ
ajfa-9359	76	13	-	-	ADJ
ajfa-9359	76	14	debt	debt	ADJ
ajfa-9359	76	15	tax	tax	NOUN
ajfa-9359	76	16	shields	shield	NOUN
ajfa-9359	76	17	will	will	AUX
ajfa-9359	76	18	be	be	AUX
ajfa-9359	76	19	less	less	ADV
ajfa-9359	76	20	motivated	motivated	ADJ
ajfa-9359	76	21	to	to	PART
ajfa-9359	76	22	benefit	benefit	VERB
ajfa-9359	76	23	from	from	ADP
ajfa-9359	76	24	the	the	DET
ajfa-9359	76	25	debt	debt	NOUN
ajfa-9359	76	26	’s	’s	PART
ajfa-9359	76	27	tax	tax	NOUN
ajfa-9359	76	28	advantage	advantage	NOUN
ajfa-9359	76	29	,	,	PUNCT
ajfa-9359	76	30	so	so	SCONJ
ajfa-9359	76	31	they	they	PRON
ajfa-9359	76	32	will	will	AUX
ajfa-9359	76	33	take	take	VERB
ajfa-9359	76	34	on	on	ADP
ajfa-9359	76	35	less	less	ADJ
ajfa-9359	76	36	leverage	leverage	NOUN
ajfa-9359	76	37	.	.	PUNCT
ajfa-9359	77	1	furthermore	furthermore	ADV
ajfa-9359	77	2	,	,	PUNCT
ajfa-9359	77	3	myers	myers	PROPN
ajfa-9359	77	4	and	and	CCONJ
ajfa-9359	77	5	majluf	majluf	PROPN
ajfa-9359	77	6	(	(	PUNCT
ajfa-9359	77	7	1984	1984	NUM
ajfa-9359	77	8	)	)	PUNCT
ajfa-9359	77	9	state	state	NOUN
ajfa-9359	77	10	that	that	SCONJ
ajfa-9359	77	11	there	there	PRON
ajfa-9359	77	12	is	be	VERB
ajfa-9359	77	13	a	a	DET
ajfa-9359	77	14	positive	positive	ADJ
ajfa-9359	77	15	relationship	relationship	NOUN
ajfa-9359	77	16	between	between	ADP
ajfa-9359	77	17	leverage	leverage	NOUN
ajfa-9359	77	18	and	and	CCONJ
ajfa-9359	77	19	the	the	DET
ajfa-9359	77	20	assets	asset	NOUN
ajfa-9359	77	21	’	'	PUNCT
ajfa-9359	77	22	collateral	collateral	NOUN
ajfa-9359	77	23	value	value	NOUN
ajfa-9359	77	24	;	;	PUNCT
ajfa-9359	77	25	for	for	ADP
ajfa-9359	77	26	reducing	reduce	VERB
ajfa-9359	77	27	information	information	NOUN
ajfa-9359	77	28	asymmetries	asymmetry	NOUN
ajfa-9359	77	29	,	,	PUNCT
ajfa-9359	77	30	companies	company	NOUN
ajfa-9359	77	31	should	should	AUX
ajfa-9359	77	32	preferably	preferably	ADV
ajfa-9359	77	33	sell	sell	VERB
ajfa-9359	77	34	secured	secured	ADJ
ajfa-9359	77	35	debt	debt	NOUN
ajfa-9359	77	36	.	.	PUNCT
ajfa-9359	78	1	according	accord	VERB
ajfa-9359	78	2	to	to	ADP
ajfa-9359	78	3	titman	titman	NOUN
ajfa-9359	78	4	(	(	PUNCT
ajfa-9359	78	5	1988	1988	NUM
ajfa-9359	78	6	)	)	PUNCT
ajfa-9359	78	7	,	,	PUNCT
ajfa-9359	78	8	specialized	specialized	ADJ
ajfa-9359	78	9	industry	industry	NOUN
ajfa-9359	78	10	companies	company	NOUN
ajfa-9359	78	11	should	should	AUX
ajfa-9359	78	12	have	have	VERB
ajfa-9359	78	13	higher	high	ADJ
ajfa-9359	78	14	leverage	leverage	NOUN
ajfa-9359	78	15	compared	compare	VERB
ajfa-9359	78	16	to	to	ADP
ajfa-9359	78	17	manufacturing	manufacture	VERB
ajfa-9359	78	18	companies	company	NOUN
ajfa-9359	78	19	.	.	PUNCT
ajfa-9359	79	1	similarly	similarly	ADV
ajfa-9359	79	2	,	,	PUNCT
ajfa-9359	79	3	large	large	ADJ
ajfa-9359	79	4	companies	company	NOUN
ajfa-9359	79	5	may	may	AUX
ajfa-9359	79	6	take	take	VERB
ajfa-9359	79	7	on	on	ADP
ajfa-9359	79	8	higher	high	ADJ
ajfa-9359	79	9	leverage	leverage	NOUN
ajfa-9359	79	10	in	in	ADP
ajfa-9359	79	11	order	order	NOUN
ajfa-9359	79	12	to	to	PART
ajfa-9359	79	13	be	be	AUX
ajfa-9359	79	14	more	more	ADV
ajfa-9359	79	15	diversified	diversified	ADJ
ajfa-9359	79	16	and	and	CCONJ
ajfa-9359	79	17	thus	thus	ADV
ajfa-9359	79	18	,	,	PUNCT
ajfa-9359	79	19	have	have	VERB
ajfa-9359	79	20	lower	low	ADJ
ajfa-9359	79	21	bankruptcy	bankruptcy	NOUN
ajfa-9359	79	22	risks	risk	NOUN
ajfa-9359	79	23	,	,	PUNCT
ajfa-9359	79	24	according	accord	VERB
ajfa-9359	79	25	to	to	ADP
ajfa-9359	79	26	anget	anget	PROPN
ajfa-9359	79	27	al	al	PROPN
ajfa-9359	79	28	(	(	PUNCT
ajfa-9359	79	29	1982).in	1982).in	NUM
ajfa-9359	79	30	fact	fact	NOUN
ajfa-9359	79	31	,	,	PUNCT
ajfa-9359	79	32	many	many	ADJ
ajfa-9359	79	33	studies	study	NOUN
ajfa-9359	79	34	are	be	AUX
ajfa-9359	79	35	conducted	conduct	VERB
ajfa-9359	79	36	to	to	PART
ajfa-9359	79	37	investigate	investigate	VERB
ajfa-9359	79	38	the	the	DET
ajfa-9359	79	39	factors	factor	NOUN
ajfa-9359	79	40	that	that	PRON
ajfa-9359	79	41	play	play	VERB
ajfa-9359	79	42	a	a	DET
ajfa-9359	79	43	role	role	NOUN
ajfa-9359	79	44	in	in	ADP
ajfa-9359	79	45	shaping	shape	VERB
ajfa-9359	79	46	companies	company	NOUN
ajfa-9359	79	47	’	’	PART
ajfa-9359	79	48	debt	debt	NOUN
ajfa-9359	79	49	policy	policy	NOUN
ajfa-9359	79	50	;	;	PUNCT
ajfa-9359	79	51	for	for	ADP
ajfa-9359	79	52	example	example	NOUN
ajfa-9359	79	53	,	,	PUNCT
ajfa-9359	79	54	bancel	bancel	NOUN
ajfa-9359	79	55	and	and	CCONJ
ajfa-9359	79	56	mittoo	mittoo	PROPN
ajfa-9359	79	57	(	(	PUNCT
ajfa-9359	79	58	2011	2011	NUM
ajfa-9359	79	59	)	)	PUNCT
ajfa-9359	79	60	indicate	indicate	VERB
ajfa-9359	79	61	that	that	DET
ajfa-9359	79	62	level	level	NOUN
ajfa-9359	79	63	of	of	ADP
ajfa-9359	79	64	interest	interest	NOUN
ajfa-9359	79	65	rates	rate	NOUN
ajfa-9359	79	66	,	,	PUNCT
ajfa-9359	79	67	credit	credit	NOUN
ajfa-9359	79	68	ratings	rating	NOUN
ajfa-9359	79	69	,	,	PUNCT
ajfa-9359	79	70	share	share	NOUN
ajfa-9359	79	71	price	price	NOUN
ajfa-9359	79	72	,	,	PUNCT
ajfa-9359	79	73	flexibility	flexibility	NOUN
ajfa-9359	79	74	,	,	PUNCT
ajfa-9359	79	75	and	and	CCONJ
ajfa-9359	79	76	tax	tax	NOUN
ajfa-9359	79	77	advantage	advantage	NOUN
ajfa-9359	79	78	of	of	ADP
ajfa-9359	79	79	debt	debt	NOUN
ajfa-9359	79	80	all	all	PRON
ajfa-9359	79	81	affect	affect	VERB
ajfa-9359	79	82	the	the	DET
ajfa-9359	79	83	financing	financing	NOUN
ajfa-9359	79	84	decisions	decision	NOUN
ajfa-9359	79	85	of	of	ADP
ajfa-9359	79	86	companies	company	NOUN
ajfa-9359	79	87	in	in	ADP
ajfa-9359	79	88	europe	europe	PROPN
ajfa-9359	79	89	.	.	PUNCT
ajfa-9359	80	1	however	however	ADV
ajfa-9359	80	2	,	,	PUNCT
ajfa-9359	80	3	the	the	DET
ajfa-9359	80	4	determinants	determinant	NOUN
ajfa-9359	80	5	of	of	ADP
ajfa-9359	80	6	capital	capital	NOUN
ajfa-9359	80	7	structure	structure	NOUN
ajfa-9359	80	8	vary	vary	VERB
ajfa-9359	80	9	from	from	ADP
ajfa-9359	80	10	one	one	NUM
ajfa-9359	80	11	industry	industry	NOUN
ajfa-9359	80	12	to	to	ADP
ajfa-9359	80	13	another	another	PRON
ajfa-9359	80	14	and	and	CCONJ
ajfa-9359	80	15	from	from	ADP
ajfa-9359	80	16	one	one	NUM
ajfa-9359	80	17	country	country	NOUN
ajfa-9359	80	18	to	to	ADP
ajfa-9359	80	19	another	another	PRON
ajfa-9359	80	20	,	,	PUNCT
ajfa-9359	80	21	as	as	SCONJ
ajfa-9359	80	22	the	the	DET
ajfa-9359	80	23	literature	literature	NOUN
ajfa-9359	80	24	indicates	indicate	VERB
ajfa-9359	80	25	.	.	PUNCT
ajfa-9359	81	1	2.3	2.3	NUM
ajfa-9359	81	2	empirical	empirical	ADJ
ajfa-9359	81	3	studies	study	NOUN
ajfa-9359	81	4	the	the	DET
ajfa-9359	81	5	value	value	NOUN
ajfa-9359	81	6	of	of	ADP
ajfa-9359	81	7	empirical	empirical	ADJ
ajfa-9359	81	8	studies	study	NOUN
ajfa-9359	81	9	that	that	PRON
ajfa-9359	81	10	testthe	testthe	DET
ajfa-9359	81	11	capital	capital	NOUN
ajfa-9359	81	12	structure	structure	NOUN
ajfa-9359	81	13	theories	theory	NOUN
ajfa-9359	81	14	is	be	AUX
ajfa-9359	81	15	enormous	enormous	ADJ
ajfa-9359	81	16	.	.	PUNCT
ajfa-9359	82	1	for	for	ADP
ajfa-9359	82	2	example	example	NOUN
ajfa-9359	82	3	,	,	PUNCT
ajfa-9359	82	4	shyam	shyam	PROPN
ajfa-9359	82	5	-	-	PUNCT
ajfa-9359	82	6	sunder	sunder	PROPN
ajfa-9359	82	7	&	&	CCONJ
ajfa-9359	82	8	myers	myers	PROPN
ajfa-9359	82	9	(	(	PUNCT
ajfa-9359	82	10	1999	1999	NUM
ajfa-9359	82	11	)	)	PUNCT
ajfa-9359	82	12	investigate	investigate	VERB
ajfa-9359	82	13	one	one	NUM
ajfa-9359	82	14	hundred	hundred	NUM
ajfa-9359	82	15	and	and	CCONJ
ajfa-9359	82	16	fifty	fifty	NUM
ajfa-9359	82	17	seven	seven	NUM
ajfa-9359	82	18	us	us	PROPN
ajfa-9359	82	19	firms	firm	NOUN
ajfa-9359	82	20	over	over	ADP
ajfa-9359	82	21	the	the	DET
ajfa-9359	82	22	period	period	NOUN
ajfa-9359	82	23	1971	1971	NUM
ajfa-9359	82	24	-	-	SYM
ajfa-9359	82	25	1989	1989	NUM
ajfa-9359	82	26	to	to	PART
ajfa-9359	82	27	find	find	VERB
ajfa-9359	82	28	out	out	ADP
ajfa-9359	82	29	whether	whether	SCONJ
ajfa-9359	82	30	trade	trade	NOUN
ajfa-9359	82	31	off	off	ADP
ajfa-9359	82	32	theory	theory	NOUN
ajfa-9359	82	33	or	or	CCONJ
ajfa-9359	82	34	pecking	pecking	NOUN
ajfa-9359	82	35	order	order	NOUN
ajfa-9359	82	36	theory	theory	NOUN
ajfa-9359	82	37	best	well	ADV
ajfa-9359	82	38	explains	explain	VERB
ajfa-9359	82	39	the	the	DET
ajfa-9359	82	40	financing	financing	NOUN
ajfa-9359	82	41	practices	practice	NOUN
ajfa-9359	82	42	of	of	ADP
ajfa-9359	82	43	the	the	DET
ajfa-9359	82	44	firms	firm	NOUN
ajfa-9359	82	45	selected	select	VERB
ajfa-9359	82	46	.	.	PUNCT
ajfa-9359	83	1	in	in	ADP
ajfa-9359	83	2	a	a	DET
ajfa-9359	83	3	similar	similar	ADJ
ajfa-9359	83	4	study	study	NOUN
ajfa-9359	83	5	,	,	PUNCT
ajfa-9359	83	6	fama	fama	PROPN
ajfa-9359	83	7	&	&	CCONJ
ajfa-9359	83	8	french	french	PROPN
ajfa-9359	83	9	(	(	PUNCT
ajfa-9359	83	10	2002	2002	NUM
ajfa-9359	83	11	)	)	PUNCT
ajfa-9359	83	12	investigate	investigate	VERB
ajfa-9359	83	13	three	three	NUM
ajfa-9359	83	14	thousand	thousand	NUM
ajfa-9359	83	15	us	us	PROPN
ajfa-9359	83	16	firms	firm	NOUN
ajfa-9359	83	17	over	over	ADP
ajfa-9359	83	18	the	the	DET
ajfa-9359	83	19	period	period	NOUN
ajfa-9359	83	20	of	of	ADP
ajfa-9359	83	21	1965	1965	NUM
ajfa-9359	83	22	-1999	-1999	NOUN
ajfa-9359	83	23	in	in	ADP
ajfa-9359	83	24	order	order	NOUN
ajfa-9359	83	25	to	to	PART
ajfa-9359	83	26	test	test	VERB
ajfa-9359	83	27	the	the	DET
ajfa-9359	83	28	applicability	applicability	NOUN
ajfa-9359	83	29	of	of	ADP
ajfa-9359	83	30	pecking	pecking	NOUN
ajfa-9359	83	31	order	order	NOUN
ajfa-9359	83	32	and	and	CCONJ
ajfa-9359	83	33	trade	trade	VERB
ajfa-9359	83	34	off	off	ADP
ajfa-9359	83	35	theory	theory	NOUN
ajfa-9359	83	36	by	by	ADP
ajfa-9359	83	37	the	the	DET
ajfa-9359	83	38	selected	select	VERB
ajfa-9359	83	39	firms	firm	NOUN
ajfa-9359	83	40	.	.	PUNCT
ajfa-9359	84	1	both	both	PRON
ajfa-9359	84	2	shyam	shyam	PROPN
ajfa-9359	84	3	-	-	PUNCT
ajfa-9359	84	4	sunder	sunder	PROPN
ajfa-9359	84	5	&	&	CCONJ
ajfa-9359	84	6	myers	myers	PROPN
ajfa-9359	84	7	(	(	PUNCT
ajfa-9359	84	8	1999	1999	NUM
ajfa-9359	84	9	)	)	PUNCT
ajfa-9359	84	10	and	and	CCONJ
ajfa-9359	84	11	fama	fama	PROPN
ajfa-9359	84	12	&	&	CCONJ
ajfa-9359	84	13	french	french	PROPN
ajfa-9359	84	14	(	(	PUNCT
ajfa-9359	84	15	2002	2002	NUM
ajfa-9359	84	16	)	)	PUNCT
ajfa-9359	84	17	find	find	VERB
ajfa-9359	84	18	that	that	SCONJ
ajfa-9359	84	19	their	their	PRON
ajfa-9359	84	20	results	result	NOUN
ajfa-9359	84	21	support	support	VERB
ajfa-9359	84	22	the	the	DET
ajfa-9359	84	23	pecking	pecking	NOUN
ajfa-9359	84	24	order	order	NOUN
ajfa-9359	84	25	theory	theory	NOUN
ajfa-9359	84	26	’s	’s	PART
ajfa-9359	84	27	assumption	assumption	NOUN
ajfa-9359	84	28	that	that	SCONJ
ajfa-9359	84	29	firms	firm	NOUN
ajfa-9359	84	30	that	that	PRON
ajfa-9359	84	31	have	have	VERB
ajfa-9359	84	32	high	high	ADJ
ajfa-9359	84	33	profit	profit	NOUN
ajfa-9359	84	34	have	have	AUX
ajfa-9359	84	35	a	a	DET
ajfa-9359	84	36	tendency	tendency	NOUN
ajfa-9359	84	37	to	to	PART
ajfa-9359	84	38	have	have	AUX
ajfa-9359	84	39	less	less	ADJ
ajfa-9359	84	40	leverage	leverage	NOUN
ajfa-9359	84	41	.	.	PUNCT
ajfa-9359	85	1	however	however	ADV
ajfa-9359	85	2	,	,	PUNCT
ajfa-9359	85	3	the	the	DET
ajfa-9359	85	4	findings	finding	NOUN
ajfa-9359	85	5	of	of	ADP
ajfa-9359	85	6	a	a	DET
ajfa-9359	85	7	study	study	NOUN
ajfa-9359	85	8	conducted	conduct	VERB
ajfa-9359	85	9	by	by	ADP
ajfa-9359	85	10	frank	frank	PROPN
ajfa-9359	85	11	and	and	CCONJ
ajfa-9359	85	12	goyal	goyal	PROPN
ajfa-9359	85	13	(	(	PUNCT
ajfa-9359	85	14	2003	2003	NUM
ajfa-9359	85	15	)	)	PUNCT
ajfa-9359	85	16	are	be	AUX
ajfa-9359	85	17	contrary	contrary	ADJ
ajfa-9359	85	18	to	to	ADP
ajfa-9359	85	19	the	the	DET
ajfa-9359	85	20	pecking	pecking	NOUN
ajfa-9359	85	21	order	order	NOUN
ajfa-9359	85	22	theory	theory	NOUN
ajfa-9359	85	23	’s	’s	PART
ajfa-9359	85	24	prophecies	prophecy	NOUN
ajfa-9359	85	25	depending	depend	VERB
ajfa-9359	85	26	on	on	ADP
ajfa-9359	85	27	their	their	PRON
ajfa-9359	85	28	investigation	investigation	NOUN
ajfa-9359	85	29	of	of	ADP
ajfa-9359	85	30	us	us	PROPN
ajfa-9359	85	31	public	public	ADJ
ajfa-9359	85	32	trade	trade	NOUN
ajfa-9359	85	33	firms	firm	NOUN
ajfa-9359	85	34	over	over	ADP
ajfa-9359	85	35	the	the	DET
ajfa-9359	85	36	period	period	NOUN
ajfa-9359	85	37	1971	1971	NUM
ajfa-9359	85	38	-	-	SYM
ajfa-9359	85	39	1998	1998	NUM
ajfa-9359	85	40	.	.	PUNCT
ajfa-9359	86	1	according	accord	VERB
ajfa-9359	86	2	to	to	ADP
ajfa-9359	86	3	them	they	PRON
ajfa-9359	86	4	,	,	PUNCT
ajfa-9359	86	5	deficit	deficit	NOUN
ajfa-9359	86	6	financing	financing	NOUN
ajfa-9359	86	7	is	be	AUX
ajfa-9359	86	8	less	less	ADV
ajfa-9359	86	9	strongly	strongly	ADV
ajfa-9359	86	10	followed	follow	VERB
ajfa-9359	86	11	by	by	ADP
ajfa-9359	86	12	net	net	ADJ
ajfa-9359	86	13	debt	debt	NOUN
ajfa-9359	86	14	issues	issue	NOUN
ajfa-9359	86	15	than	than	ADP
ajfa-9359	86	16	the	the	DET
ajfa-9359	86	17	net	net	ADJ
ajfa-9359	86	18	equity	equity	NOUN
ajfa-9359	86	19	issues	issue	NOUN
ajfa-9359	86	20	;	;	PUNCT
ajfa-9359	86	21	they	they	PRON
ajfa-9359	86	22	notice	notice	VERB
ajfa-9359	86	23	that	that	SCONJ
ajfa-9359	86	24	pecking	pecking	NOUN
ajfa-9359	86	25	order	order	NOUN
ajfa-9359	86	26	theory	theory	NOUN
ajfa-9359	86	27	’s	’s	PART
ajfa-9359	86	28	relevance	relevance	NOUN
ajfa-9359	86	29	declines	decline	VERB
ajfa-9359	86	30	over	over	ADP
ajfa-9359	86	31	time	time	NOUN
ajfa-9359	86	32	for	for	ADP
ajfa-9359	86	33	all	all	DET
ajfa-9359	86	34	firms	firm	NOUN
ajfa-9359	86	35	,	,	PUNCT
ajfa-9359	86	36	regardless	regardless	ADV
ajfa-9359	86	37	of	of	ADP
ajfa-9359	86	38	size	size	NOUN
ajfa-9359	86	39	.	.	PUNCT
ajfa-9359	87	1	for	for	ADP
ajfa-9359	87	2	that	that	DET
ajfa-9359	87	3	reason	reason	NOUN
ajfa-9359	87	4	,	,	PUNCT
ajfa-9359	87	5	frank	frank	PROPN
ajfa-9359	87	6	&	&	CCONJ
ajfa-9359	87	7	goyal	goyal	PROPN
ajfa-9359	87	8	(	(	PUNCT
ajfa-9359	87	9	2009	2009	NUM
ajfa-9359	87	10	)	)	PUNCT
ajfa-9359	87	11	conduct	conduct	VERB
ajfa-9359	87	12	another	another	DET
ajfa-9359	87	13	study	study	NOUN
ajfa-9359	87	14	to	to	PART
ajfa-9359	87	15	investigate	investigate	VERB
ajfa-9359	87	16	many	many	ADJ
ajfa-9359	87	17	crucial	crucial	ADJ
ajfa-9359	87	18	factors	factor	NOUN
ajfa-9359	87	19	in	in	ADP
ajfa-9359	87	20	giving	give	VERB
ajfa-9359	87	21	explanation	explanation	NOUN
ajfa-9359	87	22	of	of	ADP
ajfa-9359	87	23	the	the	DET
ajfa-9359	87	24	capital	capital	NOUN
ajfa-9359	87	25	structure	structure	NOUN
ajfa-9359	87	26	choice	choice	NOUN
ajfa-9359	87	27	of	of	ADP
ajfa-9359	87	28	an	an	DET
ajfa-9359	87	29	enormous	enormous	ADJ
ajfa-9359	87	30	number	number	NOUN
ajfa-9359	87	31	of	of	ADP
ajfa-9359	87	32	us	us	PROPN
ajfa-9359	87	33	public	public	ADJ
ajfa-9359	87	34	trade	trade	NOUN
ajfa-9359	87	35	firms	firm	NOUN
ajfa-9359	87	36	.	.	PUNCT
ajfa-9359	88	1	they	they	PRON
ajfa-9359	88	2	find	find	VERB
ajfa-9359	88	3	that	that	SCONJ
ajfa-9359	88	4	most	most	ADV
ajfa-9359	88	5	selected	select	VERB
ajfa-9359	88	6	firms	firm	NOUN
ajfa-9359	88	7	apply	apply	VERB
ajfa-9359	88	8	the	the	DET
ajfa-9359	88	9	trade	trade	NOUN
ajfa-9359	88	10	-	-	PUNCT
ajfa-9359	88	11	off	off	ADP
ajfa-9359	88	12	theory	theory	NOUN
ajfa-9359	88	13	in	in	ADP
ajfa-9359	88	14	their	their	PRON
ajfa-9359	88	15	capital	capital	NOUN
ajfa-9359	88	16	structure	structure	NOUN
ajfa-9359	88	17	and	and	CCONJ
ajfa-9359	88	18	they	they	PRON
ajfa-9359	88	19	find	find	VERB
ajfa-9359	88	20	that	that	SCONJ
ajfa-9359	88	21	there	there	PRON
ajfa-9359	88	22	are	be	VERB
ajfa-9359	88	23	some	some	DET
ajfa-9359	88	24	factors	factor	NOUN
ajfa-9359	88	25	that	that	PRON
ajfa-9359	88	26	positively	positively	ADV
ajfa-9359	88	27	influence	influence	NOUN
ajfa-9359	88	28	leverage	leverage	NOUN
ajfa-9359	88	29	,	,	PUNCT
ajfa-9359	88	30	such	such	ADJ
ajfa-9359	88	31	as	as	ADP
ajfa-9359	88	32	size	size	NOUN
ajfa-9359	88	33	,	,	PUNCT
ajfa-9359	88	34	collateral	collateral	NOUN
ajfa-9359	88	35	,	,	PUNCT
ajfa-9359	88	36	median	median	ADJ
ajfa-9359	88	37	industry	industry	NOUN
ajfa-9359	88	38	factors	factor	NOUN
ajfa-9359	88	39	,	,	PUNCT
ajfa-9359	88	40	top	top	ADJ
ajfa-9359	88	41	corporate	corporate	ADJ
ajfa-9359	88	42	income	income	NOUN
ajfa-9359	88	43	tax	tax	NOUN
ajfa-9359	88	44	rate	rate	NOUN
ajfa-9359	88	45	,	,	PUNCT
ajfa-9359	88	46	change	change	NOUN
ajfa-9359	88	47	in	in	ADP
ajfa-9359	88	48	total	total	ADJ
ajfa-9359	88	49	firm	firm	ADJ
ajfa-9359	88	50	assets	asset	NOUN
ajfa-9359	88	51	,	,	PUNCT
ajfa-9359	88	52	asset	asset	NOUN
ajfa-9359	88	53	tangibility	tangibility	NOUN
ajfa-9359	88	54	,	,	PUNCT
ajfa-9359	88	55	and	and	CCONJ
ajfa-9359	88	56	treasury	treasury	PROPN
ajfa-9359	88	57	bill	bill	NOUN
ajfa-9359	88	58	rate	rate	NOUN
ajfa-9359	88	59	.	.	PUNCT
ajfa-9359	89	1	conversely	conversely	ADV
ajfa-9359	89	2	,	,	PUNCT
ajfa-9359	89	3	it	it	PRON
ajfa-9359	89	4	is	be	AUX
ajfa-9359	89	5	found	find	VERB
ajfa-9359	89	6	that	that	SCONJ
ajfa-9359	89	7	there	there	PRON
ajfa-9359	89	8	are	be	VERB
ajfa-9359	89	9	some	some	DET
ajfa-9359	89	10	factors	factor	NOUN
ajfa-9359	89	11	that	that	PRON
ajfa-9359	89	12	negatively	negatively	ADV
ajfa-9359	89	13	influence	influence	VERB
ajfa-9359	89	14	asian	asian	ADJ
ajfa-9359	89	15	journal	journal	NOUN
ajfa-9359	89	16	of	of	ADP
ajfa-9359	89	17	finance	finance	PROPN
ajfa-9359	89	18	&	&	CCONJ
ajfa-9359	89	19	accounting	accounting	PROPN
ajfa-9359	89	20	issn	issn	PROPN
ajfa-9359	89	21	1946	1946	NUM
ajfa-9359	89	22	-	-	PUNCT
ajfa-9359	89	23	052x	052x	PROPN
ajfa-9359	89	24	2017	2017	NUM
ajfa-9359	89	25	,	,	PUNCT
ajfa-9359	89	26	vol	vol	NOUN
ajfa-9359	89	27	.	.	NOUN
ajfa-9359	89	28	9	9	NUM
ajfa-9359	89	29	,	,	PUNCT
ajfa-9359	89	30	no	no	INTJ
ajfa-9359	89	31	.	.	NOUN
ajfa-9359	89	32	1	1	NUM
ajfa-9359	89	33	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	89	34	7	7	NUM
ajfa-9359	89	35	leverage	leverage	NOUN
ajfa-9359	89	36	,	,	PUNCT
ajfa-9359	89	37	such	such	ADJ
ajfa-9359	89	38	as	as	ADP
ajfa-9359	89	39	profitability	profitability	NOUN
ajfa-9359	89	40	,	,	PUNCT
ajfa-9359	89	41	market	market	NOUN
ajfa-9359	89	42	to	to	ADP
ajfa-9359	89	43	book	book	NOUN
ajfa-9359	89	44	ratio	ratio	NOUN
ajfa-9359	89	45	,	,	PUNCT
ajfa-9359	89	46	financial	financial	ADJ
ajfa-9359	89	47	constraints	constraint	NOUN
ajfa-9359	89	48	,	,	PUNCT
ajfa-9359	89	49	dividend	dividend	NOUN
ajfa-9359	89	50	-	-	PUNCT
ajfa-9359	89	51	paying	pay	VERB
ajfa-9359	89	52	,	,	PUNCT
ajfa-9359	89	53	net	net	ADJ
ajfa-9359	89	54	operating	operating	NOUN
ajfa-9359	89	55	loss	loss	NOUN
ajfa-9359	89	56	,	,	PUNCT
ajfa-9359	89	57	and	and	CCONJ
ajfa-9359	89	58	bankruptcy	bankruptcy	NOUN
ajfa-9359	89	59	risk	risk	NOUN
ajfa-9359	89	60	.	.	PUNCT
ajfa-9359	90	1	bevan	bevan	PROPN
ajfa-9359	90	2	and	and	CCONJ
ajfa-9359	90	3	danbolt(2004	danbolt(2004	PROPN
ajfa-9359	90	4	)	)	PUNCT
ajfa-9359	90	5	conduct	conduct	VERB
ajfa-9359	90	6	a	a	DET
ajfa-9359	90	7	study	study	NOUN
ajfa-9359	90	8	to	to	PART
ajfa-9359	90	9	investigate	investigate	VERB
ajfa-9359	90	10	the	the	DET
ajfa-9359	90	11	determinants	determinant	NOUN
ajfa-9359	90	12	of	of	ADP
ajfa-9359	90	13	the	the	DET
ajfa-9359	90	14	capital	capital	NOUN
ajfa-9359	90	15	structure	structure	NOUN
ajfa-9359	90	16	of	of	ADP
ajfa-9359	90	17	1054	1054	NUM
ajfa-9359	90	18	firms	firm	NOUN
ajfa-9359	90	19	in	in	ADP
ajfa-9359	90	20	the	the	DET
ajfa-9359	90	21	united	united	ADJ
ajfa-9359	90	22	kingdom	kingdom	PROPN
ajfa-9359	90	23	over	over	ADP
ajfa-9359	90	24	the	the	DET
ajfa-9359	90	25	period	period	NOUN
ajfa-9359	90	26	of	of	ADP
ajfa-9359	90	27	1991	1991	NUM
ajfa-9359	90	28	-	-	SYM
ajfa-9359	90	29	1997	1997	NUM
ajfa-9359	90	30	,	,	PUNCT
ajfa-9359	90	31	taking	take	VERB
ajfa-9359	90	32	into	into	ADP
ajfa-9359	90	33	consideration	consideration	NOUN
ajfa-9359	90	34	the	the	DET
ajfa-9359	90	35	impact	impact	NOUN
ajfa-9359	90	36	on	on	ADP
ajfa-9359	90	37	these	these	DET
ajfa-9359	90	38	determinants	determinant	NOUN
ajfa-9359	90	39	of	of	ADP
ajfa-9359	90	40	time	time	NOUN
ajfa-9359	90	41	-	-	PUNCT
ajfa-9359	90	42	invariant	invariant	ADJ
ajfa-9359	90	43	firm	firm	ADJ
ajfa-9359	90	44	-	-	PUNCT
ajfa-9359	90	45	specific	specific	ADJ
ajfa-9359	90	46	heterogeneity	heterogeneity	NOUN
ajfa-9359	90	47	.	.	PUNCT
ajfa-9359	91	1	it	it	PRON
ajfa-9359	91	2	is	be	AUX
ajfa-9359	91	3	found	find	VERB
ajfa-9359	91	4	that	that	SCONJ
ajfa-9359	91	5	smaller	small	ADJ
ajfa-9359	91	6	firms	firm	NOUN
ajfa-9359	91	7	have	have	VERB
ajfa-9359	91	8	less	less	ADJ
ajfa-9359	91	9	short	short	ADJ
ajfa-9359	91	10	-	-	PUNCT
ajfa-9359	91	11	term	term	NOUN
ajfa-9359	91	12	and	and	CCONJ
ajfa-9359	91	13	long	long	ADJ
ajfa-9359	91	14	-	-	PUNCT
ajfa-9359	91	15	term	term	NOUN
ajfa-9359	91	16	debt	debt	NOUN
ajfa-9359	91	17	,	,	PUNCT
ajfa-9359	91	18	compared	compare	VERB
ajfa-9359	91	19	to	to	ADP
ajfa-9359	91	20	larger	large	ADJ
ajfa-9359	91	21	firms	firm	NOUN
ajfa-9359	91	22	;	;	PUNCT
ajfa-9359	91	23	profitability	profitability	NOUN
ajfa-9359	91	24	is	be	AUX
ajfa-9359	91	25	negatively	negatively	ADV
ajfa-9359	91	26	related	relate	VERB
ajfa-9359	91	27	to	to	ADP
ajfa-9359	91	28	gearing	gear	VERB
ajfa-9359	91	29	,	,	PUNCT
ajfa-9359	91	30	even	even	ADV
ajfa-9359	91	31	thoughless	thoughless	NOUN
ajfa-9359	91	32	profitable	profitable	ADJ
ajfa-9359	91	33	firms	firm	NOUN
ajfa-9359	91	34	have	have	VERB
ajfa-9359	91	35	less	less	ADJ
ajfa-9359	91	36	short	short	ADJ
ajfa-9359	91	37	-	-	PUNCT
ajfa-9359	91	38	term	term	NOUN
ajfa-9359	91	39	bank	bank	NOUN
ajfa-9359	91	40	borrowing	borrowing	NOUN
ajfa-9359	91	41	than	than	ADP
ajfa-9359	91	42	profitable	profitable	ADJ
ajfa-9359	91	43	firms	firm	NOUN
ajfa-9359	91	44	,	,	PUNCT
ajfa-9359	91	45	and	and	CCONJ
ajfa-9359	91	46	tangibility	tangibility	NOUN
ajfa-9359	91	47	is	be	AUX
ajfa-9359	91	48	positively	positively	ADV
ajfa-9359	91	49	related	relate	VERB
ajfa-9359	91	50	to	to	ADP
ajfa-9359	91	51	short	short	ADJ
ajfa-9359	91	52	-	-	PUNCT
ajfa-9359	91	53	term	term	NOUN
ajfa-9359	91	54	bank	bank	NOUN
ajfa-9359	91	55	borrowing	borrowing	NOUN
ajfa-9359	91	56	,	,	PUNCT
ajfa-9359	91	57	as	as	ADV
ajfa-9359	91	58	well	well	ADV
ajfa-9359	91	59	as	as	ADP
ajfa-9359	91	60	all	all	DET
ajfa-9359	91	61	long	long	ADJ
ajfa-9359	91	62	-	-	PUNCT
ajfa-9359	91	63	term	term	NOUN
ajfa-9359	91	64	debt	debt	NOUN
ajfa-9359	91	65	elements	element	NOUN
ajfa-9359	91	66	.	.	PUNCT
ajfa-9359	92	1	on	on	ADP
ajfa-9359	92	2	the	the	DET
ajfa-9359	92	3	other	other	ADJ
ajfa-9359	92	4	hand	hand	NOUN
ajfa-9359	92	5	,	,	PUNCT
ajfa-9359	92	6	they	they	PRON
ajfa-9359	92	7	find	find	VERB
ajfa-9359	92	8	that	that	SCONJ
ajfa-9359	92	9	growth	growth	NOUN
ajfa-9359	92	10	has	have	VERB
ajfa-9359	92	11	little	little	ADJ
ajfa-9359	92	12	influence	influence	NOUN
ajfa-9359	92	13	on	on	ADP
ajfa-9359	92	14	gearing.additionally	gearing.additionally	PROPN
ajfa-9359	92	15	,	,	PUNCT
ajfa-9359	92	16	rajan	rajan	PROPN
ajfa-9359	92	17	&	&	CCONJ
ajfa-9359	92	18	zingales	zingales	PROPN
ajfa-9359	92	19	(	(	PUNCT
ajfa-9359	92	20	1995	1995	NUM
ajfa-9359	92	21	)	)	PUNCT
ajfa-9359	92	22	conduct	conduct	VERB
ajfa-9359	92	23	a	a	DET
ajfa-9359	92	24	study	study	NOUN
ajfa-9359	92	25	in	in	ADP
ajfa-9359	92	26	order	order	NOUN
ajfa-9359	92	27	to	to	PART
ajfa-9359	92	28	examine	examine	VERB
ajfa-9359	92	29	the	the	DET
ajfa-9359	92	30	capital	capital	NOUN
ajfa-9359	92	31	structure	structure	NOUN
ajfa-9359	92	32	choice	choice	NOUN
ajfa-9359	92	33	made	make	VERB
ajfa-9359	92	34	bynon	bynon	ADJ
ajfa-9359	92	35	-	-	PUNCT
ajfa-9359	92	36	financial	financial	ADJ
ajfa-9359	92	37	firms	firm	NOUN
ajfa-9359	92	38	in	in	ADP
ajfa-9359	92	39	seven	seven	NUM
ajfa-9359	92	40	countries	country	NOUN
ajfa-9359	92	41	,	,	PUNCT
ajfa-9359	92	42	namely	namely	ADV
ajfa-9359	92	43	,	,	PUNCT
ajfa-9359	92	44	canada	canada	PROPN
ajfa-9359	92	45	,	,	PUNCT
ajfa-9359	92	46	the	the	DET
ajfa-9359	92	47	usa	usa	PROPN
ajfa-9359	92	48	,	,	PUNCT
ajfa-9359	92	49	japan	japan	PROPN
ajfa-9359	92	50	,	,	PUNCT
ajfa-9359	92	51	the	the	DET
ajfa-9359	92	52	uk	uk	PROPN
ajfa-9359	92	53	,	,	PUNCT
ajfa-9359	92	54	france	france	PROPN
ajfa-9359	92	55	,	,	PUNCT
ajfa-9359	92	56	germany	germany	PROPN
ajfa-9359	92	57	,	,	PUNCT
ajfa-9359	92	58	and	and	CCONJ
ajfa-9359	92	59	italy	italy	PROPN
ajfa-9359	92	60	.	.	PUNCT
ajfa-9359	93	1	they	they	PRON
ajfa-9359	93	2	find	find	VERB
ajfa-9359	93	3	that	that	SCONJ
ajfa-9359	93	4	uk	uk	PROPN
ajfa-9359	93	5	and	and	CCONJ
ajfa-9359	93	6	germany	germany	PROPN
ajfa-9359	93	7	firms	firm	NOUN
ajfa-9359	93	8	are	be	AUX
ajfa-9359	93	9	less	less	ADV
ajfa-9359	93	10	levered	levered	ADJ
ajfa-9359	93	11	than	than	ADP
ajfa-9359	93	12	firms	firm	NOUN
ajfa-9359	93	13	in	in	ADP
ajfa-9359	93	14	other	other	ADJ
ajfa-9359	93	15	countries	country	NOUN
ajfa-9359	93	16	.	.	PUNCT
ajfa-9359	94	1	also	also	ADV
ajfa-9359	94	2	,	,	PUNCT
ajfa-9359	94	3	they	they	PRON
ajfa-9359	94	4	find	find	VERB
ajfa-9359	94	5	that	that	SCONJ
ajfa-9359	94	6	specific	specific	ADJ
ajfa-9359	94	7	factors	factor	NOUN
ajfa-9359	94	8	such	such	ADJ
ajfa-9359	94	9	as	as	ADP
ajfa-9359	94	10	profitability	profitability	NOUN
ajfa-9359	94	11	,	,	PUNCT
ajfa-9359	94	12	size	size	NOUN
ajfa-9359	94	13	,	,	PUNCT
ajfa-9359	94	14	and	and	CCONJ
ajfa-9359	94	15	asset	asset	NOUN
ajfa-9359	94	16	tangibility	tangibility	NOUN
ajfa-9359	94	17	significantly	significantly	ADV
ajfa-9359	94	18	influence	influence	VERB
ajfa-9359	94	19	leverage	leverage	NOUN
ajfa-9359	94	20	;	;	PUNCT
ajfa-9359	94	21	in	in	ADP
ajfa-9359	94	22	particular	particular	ADJ
ajfa-9359	94	23	,	,	PUNCT
ajfa-9359	94	24	profitability	profitability	NOUN
ajfa-9359	94	25	is	be	AUX
ajfa-9359	94	26	negatively	negatively	ADV
ajfa-9359	94	27	correlated	correlate	VERB
ajfa-9359	94	28	to	to	ADP
ajfa-9359	94	29	leverage	leverage	VERB
ajfa-9359	94	30	,	,	PUNCT
ajfa-9359	94	31	while	while	SCONJ
ajfa-9359	94	32	size	size	NOUN
ajfa-9359	94	33	and	and	CCONJ
ajfa-9359	94	34	asset	asset	NOUN
ajfa-9359	94	35	tangibility	tangibility	NOUN
ajfa-9359	94	36	are	be	AUX
ajfa-9359	94	37	positively	positively	ADV
ajfa-9359	94	38	correlated	correlate	VERB
ajfa-9359	94	39	to	to	ADP
ajfa-9359	94	40	leverage	leverage	NOUN
ajfa-9359	94	41	according	accord	VERB
ajfa-9359	94	42	to	to	ADP
ajfa-9359	94	43	their	their	PRON
ajfa-9359	94	44	investigated	investigate	VERB
ajfa-9359	94	45	sample	sample	NOUN
ajfa-9359	94	46	.	.	PUNCT
ajfa-9359	95	1	in	in	ADP
ajfa-9359	95	2	addition	addition	NOUN
ajfa-9359	95	3	,	,	PUNCT
ajfa-9359	95	4	ozkan	ozkan	X
ajfa-9359	95	5	(	(	PUNCT
ajfa-9359	95	6	2001	2001	NUM
ajfa-9359	95	7	)	)	PUNCT
ajfa-9359	95	8	examines	examine	VERB
ajfa-9359	95	9	the	the	DET
ajfa-9359	95	10	capital	capital	NOUN
ajfa-9359	95	11	structure	structure	NOUN
ajfa-9359	95	12	determinants	determinant	NOUN
ajfa-9359	95	13	of	of	ADP
ajfa-9359	95	14	390	390	NUM
ajfa-9359	95	15	non	non	ADJ
ajfa-9359	95	16	-	-	ADJ
ajfa-9359	95	17	financial	financial	ADJ
ajfa-9359	95	18	companies	company	NOUN
ajfa-9359	95	19	over	over	ADP
ajfa-9359	95	20	the	the	DET
ajfa-9359	95	21	period	period	NOUN
ajfa-9359	95	22	of	of	ADP
ajfa-9359	95	23	1984	1984	NUM
ajfa-9359	95	24	-	-	SYM
ajfa-9359	95	25	1996	1996	NUM
ajfa-9359	95	26	;	;	PUNCT
ajfa-9359	95	27	it	it	PRON
ajfa-9359	95	28	is	be	AUX
ajfa-9359	95	29	found	find	VERB
ajfa-9359	95	30	that	that	SCONJ
ajfa-9359	95	31	liquidity	liquidity	NOUN
ajfa-9359	95	32	,	,	PUNCT
ajfa-9359	95	33	growth	growth	NOUN
ajfa-9359	95	34	and	and	CCONJ
ajfa-9359	95	35	profitability	profitability	NOUN
ajfa-9359	95	36	influence	influence	NOUN
ajfa-9359	95	37	negatively	negatively	ADV
ajfa-9359	95	38	on	on	ADP
ajfa-9359	95	39	leverage	leverage	NOUN
ajfa-9359	95	40	.	.	PUNCT
ajfa-9359	96	1	in	in	ADP
ajfa-9359	96	2	addition	addition	NOUN
ajfa-9359	96	3	,	,	PUNCT
ajfa-9359	96	4	khrawish	khrawish	ADJ
ajfa-9359	96	5	and	and	CCONJ
ajfa-9359	96	6	khraiwesh	khraiwesh	PROPN
ajfa-9359	96	7	(	(	PUNCT
ajfa-9359	96	8	2010	2010	NUM
ajfa-9359	96	9	)	)	PUNCT
ajfa-9359	96	10	conduct	conduct	VERB
ajfa-9359	96	11	a	a	DET
ajfa-9359	96	12	study	study	NOUN
ajfa-9359	96	13	to	to	PART
ajfa-9359	96	14	investigate	investigate	VERB
ajfa-9359	96	15	the	the	DET
ajfa-9359	96	16	determinants	determinant	NOUN
ajfa-9359	96	17	of	of	ADP
ajfa-9359	96	18	the	the	DET
ajfa-9359	96	19	capital	capital	NOUN
ajfa-9359	96	20	structure	structure	NOUN
ajfa-9359	96	21	of	of	ADP
ajfa-9359	96	22	30	30	NUM
ajfa-9359	96	23	industrial	industrial	ADJ
ajfa-9359	96	24	companies	company	NOUN
ajfa-9359	96	25	in	in	ADP
ajfa-9359	96	26	jordan	jordan	PROPN
ajfa-9359	96	27	over	over	ADP
ajfa-9359	96	28	the	the	DET
ajfa-9359	96	29	period	period	NOUN
ajfa-9359	96	30	of	of	ADP
ajfa-9359	96	31	2001	2001	NUM
ajfa-9359	96	32	-	-	SYM
ajfa-9359	96	33	2005	2005	NUM
ajfa-9359	96	34	;	;	PUNCT
ajfa-9359	96	35	it	it	PRON
ajfa-9359	96	36	is	be	AUX
ajfa-9359	96	37	found	find	VERB
ajfa-9359	96	38	that	that	DET
ajfa-9359	96	39	size	size	NOUN
ajfa-9359	96	40	and	and	CCONJ
ajfa-9359	96	41	tangibility	tangibility	NOUN
ajfa-9359	96	42	are	be	AUX
ajfa-9359	96	43	positively	positively	ADV
ajfa-9359	96	44	related	relate	VERB
ajfa-9359	96	45	to	to	ADP
ajfa-9359	96	46	leverage	leverage	NOUN
ajfa-9359	96	47	whereas	whereas	SCONJ
ajfa-9359	96	48	profitability	profitability	NOUN
ajfa-9359	96	49	is	be	AUX
ajfa-9359	96	50	negatively	negatively	ADV
ajfa-9359	96	51	related	relate	VERB
ajfa-9359	96	52	to	to	ADP
ajfa-9359	96	53	leverage	leverage	NOUN
ajfa-9359	96	54	.	.	PUNCT
ajfa-9359	97	1	finally	finally	ADV
ajfa-9359	97	2	,	,	PUNCT
ajfa-9359	97	3	table	table	VERB
ajfa-9359	97	4	2.1	2.1	NUM
ajfa-9359	97	5	in	in	ADP
ajfa-9359	97	6	the	the	DET
ajfa-9359	97	7	appendix	appendix	NOUN
ajfa-9359	97	8	gives	give	VERB
ajfa-9359	97	9	a	a	DET
ajfa-9359	97	10	summary	summary	NOUN
ajfa-9359	97	11	of	of	ADP
ajfa-9359	97	12	past	past	ADJ
ajfa-9359	97	13	empirical	empirical	ADJ
ajfa-9359	97	14	studies	study	NOUN
ajfa-9359	97	15	conducted	conduct	VERB
ajfa-9359	97	16	on	on	ADP
ajfa-9359	97	17	the	the	DET
ajfa-9359	97	18	determinants	determinant	NOUN
ajfa-9359	97	19	of	of	ADP
ajfa-9359	97	20	capital	capital	NOUN
ajfa-9359	97	21	structure	structure	NOUN
ajfa-9359	97	22	.	.	PUNCT
ajfa-9359	98	1	3	3	X
ajfa-9359	98	2	.	.	X
ajfa-9359	98	3	data	datum	NOUN
ajfa-9359	98	4	and	and	CCONJ
ajfa-9359	98	5	methodology	methodology	NOUN
ajfa-9359	98	6	3.1	3.1	NUM
ajfa-9359	98	7	data	datum	NOUN
ajfa-9359	98	8	sources	source	NOUN
ajfa-9359	98	9	and	and	CCONJ
ajfa-9359	98	10	collection	collection	NOUN
ajfa-9359	98	11	this	this	DET
ajfa-9359	98	12	study	study	NOUN
ajfa-9359	98	13	investigates	investigate	VERB
ajfa-9359	98	14	the	the	DET
ajfa-9359	98	15	capital	capital	NOUN
ajfa-9359	98	16	structure	structure	NOUN
ajfa-9359	98	17	determinants	determinant	NOUN
ajfa-9359	98	18	of	of	ADP
ajfa-9359	98	19	the	the	DET
ajfa-9359	98	20	oil	oil	NOUN
ajfa-9359	98	21	and	and	CCONJ
ajfa-9359	98	22	gas	gas	NOUN
ajfa-9359	98	23	sector	sector	NOUN
ajfa-9359	98	24	firms	firm	NOUN
ajfa-9359	98	25	over	over	ADP
ajfa-9359	98	26	the	the	DET
ajfa-9359	98	27	period	period	NOUN
ajfa-9359	98	28	2000	2000	NUM
ajfa-9359	98	29	2015.mostprevious	2015.mostprevious	ADJ
ajfa-9359	98	30	empirical	empirical	ADJ
ajfa-9359	98	31	studies	study	NOUN
ajfa-9359	98	32	examining	examine	VERB
ajfa-9359	98	33	significant	significant	ADJ
ajfa-9359	98	34	relationships	relationship	NOUN
ajfa-9359	98	35	between	between	ADP
ajfa-9359	98	36	leverage	leverage	NOUN
ajfa-9359	98	37	and	and	CCONJ
ajfa-9359	98	38	determinants	determinant	NOUN
ajfa-9359	98	39	are	be	AUX
ajfa-9359	98	40	based	base	VERB
ajfa-9359	98	41	on	on	ADP
ajfa-9359	98	42	generally	generally	ADV
ajfa-9359	98	43	quantitative	quantitative	ADJ
ajfa-9359	98	44	data	datum	NOUN
ajfa-9359	98	45	from	from	ADP
ajfa-9359	98	46	financial	financial	ADJ
ajfa-9359	98	47	materials	material	NOUN
ajfa-9359	98	48	.	.	PUNCT
ajfa-9359	99	1	similarly	similarly	ADV
ajfa-9359	99	2	,	,	PUNCT
ajfa-9359	99	3	this	this	DET
ajfa-9359	99	4	study	study	NOUN
ajfa-9359	99	5	investigates	investigate	VERB
ajfa-9359	99	6	the	the	DET
ajfa-9359	99	7	data	datum	NOUN
ajfa-9359	99	8	that	that	PRON
ajfa-9359	99	9	is	be	AUX
ajfa-9359	99	10	collected	collect	VERB
ajfa-9359	99	11	from	from	ADP
ajfa-9359	99	12	secondary	secondary	ADJ
ajfa-9359	99	13	sources	source	NOUN
ajfa-9359	99	14	;	;	PUNCT
ajfa-9359	99	15	in	in	ADP
ajfa-9359	99	16	particular	particular	ADJ
ajfa-9359	99	17	,	,	PUNCT
ajfa-9359	99	18	it	it	PRON
ajfa-9359	99	19	depends	depend	VERB
ajfa-9359	99	20	on	on	ADP
ajfa-9359	99	21	the	the	DET
ajfa-9359	99	22	data	datum	NOUN
ajfa-9359	99	23	from	from	ADP
ajfa-9359	99	24	datastream	datastream	ADJ
ajfa-9359	99	25	database	database	NOUN
ajfa-9359	99	26	.	.	PUNCT
ajfa-9359	100	1	the	the	DET
ajfa-9359	100	2	sample	sample	NOUN
ajfa-9359	100	3	of	of	ADP
ajfa-9359	100	4	this	this	DET
ajfa-9359	100	5	study	study	NOUN
ajfa-9359	100	6	is	be	AUX
ajfa-9359	100	7	a	a	DET
ajfa-9359	100	8	panel	panel	NOUN
ajfa-9359	100	9	of357	of357	NOUN
ajfa-9359	100	10	non	non	ADJ
ajfa-9359	100	11	-	-	ADJ
ajfa-9359	100	12	financial	financial	ADJ
ajfa-9359	100	13	firms	firm	NOUN
ajfa-9359	100	14	categorized	categorize	VERB
ajfa-9359	100	15	as	as	ADP
ajfa-9359	100	16	oil	oil	NOUN
ajfa-9359	100	17	&	&	CCONJ
ajfa-9359	100	18	gas	gas	NOUN
ajfa-9359	100	19	companies	company	NOUN
ajfa-9359	100	20	.	.	PUNCT
ajfa-9359	101	1	however	however	ADV
ajfa-9359	101	2	,	,	PUNCT
ajfa-9359	101	3	companies	company	NOUN
ajfa-9359	101	4	that	that	PRON
ajfa-9359	101	5	have	have	VERB
ajfa-9359	101	6	any	any	DET
ajfa-9359	101	7	missing	missing	ADJ
ajfa-9359	101	8	observations	observation	NOUN
ajfa-9359	101	9	for	for	ADP
ajfa-9359	101	10	any	any	DET
ajfa-9359	101	11	variable	variable	NOUN
ajfa-9359	101	12	in	in	ADP
ajfa-9359	101	13	the	the	DET
ajfa-9359	101	14	model	model	NOUN
ajfa-9359	101	15	during	during	ADP
ajfa-9359	101	16	the	the	DET
ajfa-9359	101	17	period	period	NOUN
ajfa-9359	101	18	of	of	ADP
ajfa-9359	101	19	the	the	DET
ajfa-9359	101	20	study	study	NOUN
ajfa-9359	101	21	are	be	AUX
ajfa-9359	101	22	excluded	exclude	VERB
ajfa-9359	101	23	;	;	PUNCT
ajfa-9359	101	24	in	in	ADP
ajfa-9359	101	25	fact	fact	NOUN
ajfa-9359	101	26	,	,	PUNCT
ajfa-9359	101	27	there	there	PRON
ajfa-9359	101	28	are	be	VERB
ajfa-9359	101	29	eleven	eleven	NUM
ajfa-9359	101	30	companies	company	NOUN
ajfa-9359	101	31	with	with	ADP
ajfa-9359	101	32	incomplete	incomplete	ADJ
ajfa-9359	101	33	information	information	NOUN
ajfa-9359	101	34	.	.	PUNCT
ajfa-9359	102	1	thus	thus	ADV
ajfa-9359	102	2	,	,	PUNCT
ajfa-9359	102	3	the	the	DET
ajfa-9359	102	4	final	final	ADJ
ajfa-9359	102	5	sample	sample	NOUN
ajfa-9359	102	6	of	of	ADP
ajfa-9359	102	7	this	this	DET
ajfa-9359	102	8	study	study	NOUN
ajfa-9359	102	9	includes	include	VERB
ajfa-9359	102	10	only	only	ADV
ajfa-9359	102	11	346	346	NUM
ajfa-9359	102	12	firms	firm	NOUN
ajfa-9359	102	13	and	and	CCONJ
ajfa-9359	102	14	4,181	4,181	NUM
ajfa-9359	102	15	observations	observation	NOUN
ajfa-9359	102	16	in	in	ADP
ajfa-9359	102	17	the	the	DET
ajfa-9359	102	18	regression	regression	NOUN
ajfa-9359	102	19	analysis	analysis	NOUN
ajfa-9359	102	20	.	.	PUNCT
ajfa-9359	103	1	to	to	PART
ajfa-9359	103	2	eliminate	eliminate	VERB
ajfa-9359	103	3	the	the	DET
ajfa-9359	103	4	effect	effect	NOUN
ajfa-9359	103	5	of	of	ADP
ajfa-9359	103	6	outliers	outlier	NOUN
ajfa-9359	103	7	,	,	PUNCT
ajfa-9359	103	8	all	all	DET
ajfa-9359	103	9	variables	variable	NOUN
ajfa-9359	103	10	are	be	AUX
ajfa-9359	103	11	winsorized	winsorize	VERB
ajfa-9359	103	12	at	at	ADP
ajfa-9359	103	13	the	the	DET
ajfa-9359	103	14	top	top	NOUN
ajfa-9359	103	15	and	and	CCONJ
ajfa-9359	103	16	lowest	low	ADJ
ajfa-9359	103	17	1	1	NUM
ajfa-9359	103	18	%	%	NOUN
ajfa-9359	103	19	levels	level	NOUN
ajfa-9359	103	20	.	.	PUNCT
ajfa-9359	104	1	the	the	DET
ajfa-9359	104	2	346	346	NUM
ajfa-9359	104	3	companies	company	NOUN
ajfa-9359	104	4	are	be	AUX
ajfa-9359	104	5	categorized	categorize	VERB
ajfa-9359	104	6	as	as	SCONJ
ajfa-9359	104	7	follows	follow	VERB
ajfa-9359	104	8	:	:	PUNCT
ajfa-9359	104	9	57	57	NUM
ajfa-9359	104	10	in	in	ADP
ajfa-9359	104	11	oceania	oceania	PROPN
ajfa-9359	104	12	,	,	PUNCT
ajfa-9359	104	13	74	74	NUM
ajfa-9359	104	14	in	in	ADP
ajfa-9359	104	15	europe	europe	PROPN
ajfa-9359	104	16	,	,	PUNCT
ajfa-9359	104	17	12	12	NUM
ajfa-9359	104	18	in	in	ADP
ajfa-9359	104	19	russia	russia	PROPN
ajfa-9359	104	20	,	,	PUNCT
ajfa-9359	104	21	81	81	NUM
ajfa-9359	104	22	in	in	ADP
ajfa-9359	104	23	asia	asia	PROPN
ajfa-9359	104	24	,	,	PUNCT
ajfa-9359	104	25	12	12	NUM
ajfa-9359	104	26	in	in	ADP
ajfa-9359	104	27	south	south	PROPN
ajfa-9359	104	28	america	america	PROPN
ajfa-9359	104	29	,	,	PUNCT
ajfa-9359	104	30	9	9	NUM
ajfa-9359	104	31	in	in	ADP
ajfa-9359	104	32	africa	africa	PROPN
ajfa-9359	104	33	,	,	PUNCT
ajfa-9359	104	34	83	83	NUM
ajfa-9359	104	35	in	in	ADP
ajfa-9359	104	36	the	the	DET
ajfa-9359	104	37	united	united	PROPN
ajfa-9359	104	38	state	state	PROPN
ajfa-9359	104	39	,	,	PUNCT
ajfa-9359	104	40	and	and	CCONJ
ajfa-9359	104	41	18	18	NUM
ajfa-9359	104	42	in	in	ADP
ajfa-9359	104	43	the	the	DET
ajfa-9359	104	44	united	united	ADJ
ajfa-9359	104	45	kingdom	kingdom	PROPN
ajfa-9359	104	46	,	,	PUNCT
ajfa-9359	104	47	as	as	SCONJ
ajfa-9359	104	48	shown	show	VERB
ajfa-9359	104	49	in	in	ADP
ajfa-9359	104	50	table	table	NOUN
ajfa-9359	104	51	3.1	3.1	NUM
ajfa-9359	104	52	in	in	ADP
ajfa-9359	104	53	the	the	DET
ajfa-9359	104	54	appendix	appendix	NOUN
ajfa-9359	104	55	.	.	PUNCT
ajfa-9359	105	1	asian	asian	ADJ
ajfa-9359	105	2	journal	journal	PROPN
ajfa-9359	105	3	of	of	ADP
ajfa-9359	105	4	finance	finance	PROPN
ajfa-9359	105	5	&	&	CCONJ
ajfa-9359	105	6	accounting	accounting	PROPN
ajfa-9359	105	7	issn	issn	PROPN
ajfa-9359	105	8	1946	1946	NUM
ajfa-9359	105	9	-	-	PUNCT
ajfa-9359	105	10	052x	052x	PROPN
ajfa-9359	105	11	2017	2017	NUM
ajfa-9359	105	12	,	,	PUNCT
ajfa-9359	105	13	vol	vol	NOUN
ajfa-9359	105	14	.	.	NOUN
ajfa-9359	105	15	9	9	NUM
ajfa-9359	105	16	,	,	PUNCT
ajfa-9359	105	17	no	no	INTJ
ajfa-9359	105	18	.	.	NOUN
ajfa-9359	105	19	1	1	NUM
ajfa-9359	105	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	105	21	8	8	NUM
ajfa-9359	105	22	3.2	3.2	NUM
ajfa-9359	105	23	data	datum	NOUN
ajfa-9359	105	24	analysis	analysis	NOUN
ajfa-9359	105	25	procedures	procedure	NOUN
ajfa-9359	105	26	this	this	DET
ajfa-9359	105	27	study	study	NOUN
ajfa-9359	105	28	presents	present	VERB
ajfa-9359	105	29	quantitative	quantitative	ADJ
ajfa-9359	105	30	analysis	analysis	NOUN
ajfa-9359	105	31	as	as	ADV
ajfa-9359	105	32	well	well	ADV
ajfa-9359	105	33	as	as	ADP
ajfa-9359	105	34	theoretical	theoretical	ADJ
ajfa-9359	105	35	data	data	NOUN
ajfa-9359	105	36	analysis	analysis	NOUN
ajfa-9359	105	37	.	.	PUNCT
ajfa-9359	106	1	to	to	PART
ajfa-9359	106	2	analyze	analyze	VERB
ajfa-9359	106	3	the	the	DET
ajfa-9359	106	4	data	datum	NOUN
ajfa-9359	106	5	,	,	PUNCT
ajfa-9359	106	6	both	both	DET
ajfa-9359	106	7	descriptive	descriptive	ADJ
ajfa-9359	106	8	time	time	NOUN
ajfa-9359	106	9	series	series	PROPN
ajfa-9359	106	10	statistics	statistic	NOUN
ajfa-9359	106	11	and	and	CCONJ
ajfa-9359	106	12	correlations	correlation	NOUN
ajfa-9359	106	13	are	be	AUX
ajfa-9359	106	14	used	use	VERB
ajfa-9359	106	15	to	to	PART
ajfa-9359	106	16	examine	examine	VERB
ajfa-9359	106	17	the	the	DET
ajfa-9359	106	18	relationship	relationship	NOUN
ajfa-9359	106	19	between	between	ADP
ajfa-9359	106	20	the	the	DET
ajfa-9359	106	21	considered	consider	VERB
ajfa-9359	106	22	variables	variable	NOUN
ajfa-9359	106	23	.	.	PUNCT
ajfa-9359	107	1	furthermore	furthermore	ADV
ajfa-9359	107	2	,	,	PUNCT
ajfa-9359	107	3	this	this	DET
ajfa-9359	107	4	study	study	NOUN
ajfa-9359	107	5	employs	employ	VERB
ajfa-9359	107	6	multivariate	multivariate	NOUN
ajfa-9359	107	7	ordinary	ordinary	ADJ
ajfa-9359	107	8	least	least	ADJ
ajfa-9359	107	9	square	square	ADJ
ajfa-9359	107	10	(	(	PUNCT
ajfa-9359	107	11	ols	ol	NOUN
ajfa-9359	107	12	)	)	PUNCT
ajfa-9359	107	13	regression	regression	NOUN
ajfa-9359	107	14	in	in	ADP
ajfa-9359	107	15	order	order	NOUN
ajfa-9359	107	16	to	to	PART
ajfa-9359	107	17	determine	determine	VERB
ajfa-9359	107	18	if	if	SCONJ
ajfa-9359	107	19	there	there	PRON
ajfa-9359	107	20	is	be	VERB
ajfa-9359	107	21	a	a	DET
ajfa-9359	107	22	correlation	correlation	NOUN
ajfa-9359	107	23	between	between	ADP
ajfa-9359	107	24	leverage	leverage	NOUN
ajfa-9359	107	25	,	,	PUNCT
ajfa-9359	107	26	the	the	DET
ajfa-9359	107	27	dependent	dependent	ADJ
ajfa-9359	107	28	variable	variable	NOUN
ajfa-9359	107	29	,	,	PUNCT
ajfa-9359	107	30	and	and	CCONJ
ajfa-9359	107	31	the	the	DET
ajfa-9359	107	32	multiple	multiple	ADJ
ajfa-9359	107	33	independent	independent	ADJ
ajfa-9359	107	34	variables	variable	NOUN
ajfa-9359	107	35	(	(	PUNCT
ajfa-9359	107	36	tangibility	tangibility	NOUN
ajfa-9359	107	37	,	,	PUNCT
ajfa-9359	107	38	size	size	NOUN
ajfa-9359	107	39	,	,	PUNCT
ajfa-9359	107	40	profitability	profitability	NOUN
ajfa-9359	107	41	,	,	PUNCT
ajfa-9359	107	42	non	non	ADJ
ajfa-9359	107	43	-	-	ADJ
ajfa-9359	107	44	debt	debt	ADJ
ajfa-9359	107	45	tax	tax	NOUN
ajfa-9359	107	46	shield	shield	NOUN
ajfa-9359	107	47	,	,	PUNCT
ajfa-9359	107	48	growth	growth	NOUN
ajfa-9359	107	49	and	and	CCONJ
ajfa-9359	107	50	liquidity	liquidity	NOUN
ajfa-9359	107	51	)	)	PUNCT
ajfa-9359	107	52	.	.	PUNCT
ajfa-9359	108	1	this	this	DET
ajfa-9359	108	2	study	study	NOUN
ajfa-9359	108	3	uses	use	VERB
ajfa-9359	108	4	one	one	NUM
ajfa-9359	108	5	regression	regression	NOUN
ajfa-9359	108	6	equation	equation	NOUN
ajfa-9359	108	7	to	to	PART
ajfa-9359	108	8	test	test	VERB
ajfa-9359	108	9	the	the	DET
ajfa-9359	108	10	hypotheses	hypothesis	NOUN
ajfa-9359	108	11	created	create	VERB
ajfa-9359	108	12	in	in	ADP
ajfa-9359	108	13	relation	relation	NOUN
ajfa-9359	108	14	to	to	ADP
ajfa-9359	108	15	leverage	leverage	NOUN
ajfa-9359	108	16	and	and	CCONJ
ajfa-9359	108	17	the	the	DET
ajfa-9359	108	18	firm	firm	ADJ
ajfa-9359	108	19	-	-	PUNCT
ajfa-9359	108	20	specific	specific	ADJ
ajfa-9359	108	21	determinants	determinant	NOUN
ajfa-9359	108	22	.	.	PUNCT
ajfa-9359	109	1	moreover	moreover	ADV
ajfa-9359	109	2	,	,	PUNCT
ajfa-9359	109	3	excel	excel	VERB
ajfa-9359	109	4	2013is	2013is	PROPN
ajfa-9359	109	5	used	use	VERB
ajfa-9359	109	6	to	to	PART
ajfa-9359	109	7	compute	compute	VERB
ajfa-9359	109	8	and	and	CCONJ
ajfa-9359	109	9	feed	feed	VERB
ajfa-9359	109	10	suitable	suitable	ADJ
ajfa-9359	109	11	data	datum	NOUN
ajfa-9359	109	12	into	into	ADP
ajfa-9359	109	13	the	the	DET
ajfa-9359	109	14	stata	stata	NOUN
ajfa-9359	109	15	software	software	NOUN
ajfa-9359	109	16	,	,	PUNCT
ajfa-9359	109	17	to	to	PART
ajfa-9359	109	18	assess	assess	VERB
ajfa-9359	109	19	the	the	DET
ajfa-9359	109	20	trustworthiness	trustworthiness	NOUN
ajfa-9359	109	21	of	of	ADP
ajfa-9359	109	22	the	the	DET
ajfa-9359	109	23	data	datum	NOUN
ajfa-9359	109	24	,	,	PUNCT
ajfa-9359	109	25	to	to	PART
ajfa-9359	109	26	test	test	VERB
ajfa-9359	109	27	validity	validity	NOUN
ajfa-9359	109	28	of	of	ADP
ajfa-9359	109	29	the	the	DET
ajfa-9359	109	30	specified	specified	ADJ
ajfa-9359	109	31	model	model	NOUN
ajfa-9359	109	32	and	and	CCONJ
ajfa-9359	109	33	to	to	PART
ajfa-9359	109	34	analyze	analyze	VERB
ajfa-9359	109	35	it	it	PRON
ajfa-9359	109	36	.	.	PUNCT
ajfa-9359	110	1	3.3	3.3	NUM
ajfa-9359	110	2	model	model	NOUN
ajfa-9359	110	3	specification	specification	NOUN
ajfa-9359	110	4	this	this	DET
ajfa-9359	110	5	study	study	NOUN
ajfa-9359	110	6	investigates	investigate	VERB
ajfa-9359	110	7	the	the	DET
ajfa-9359	110	8	determinants	determinant	NOUN
ajfa-9359	110	9	of	of	ADP
ajfa-9359	110	10	capital	capital	NOUN
ajfa-9359	110	11	structure	structure	NOUN
ajfa-9359	110	12	of	of	ADP
ajfa-9359	110	13	the	the	DET
ajfa-9359	110	14	companies	company	NOUN
ajfa-9359	110	15	listed	list	VERB
ajfa-9359	110	16	on	on	ADP
ajfa-9359	110	17	the	the	DET
ajfa-9359	110	18	global	global	ADJ
ajfa-9359	110	19	oil	oil	NOUN
ajfa-9359	110	20	and	and	CCONJ
ajfa-9359	110	21	gas	gas	NOUN
ajfa-9359	110	22	index	index	NOUN
ajfa-9359	110	23	.	.	PUNCT
ajfa-9359	111	1	to	to	PART
ajfa-9359	111	2	achieve	achieve	VERB
ajfa-9359	111	3	this	this	DET
ajfa-9359	111	4	aim	aim	NOUN
ajfa-9359	111	5	,	,	PUNCT
ajfa-9359	111	6	a	a	DET
ajfa-9359	111	7	quantitative	quantitative	NOUN
ajfa-9359	111	8	rather	rather	ADV
ajfa-9359	111	9	than	than	ADP
ajfa-9359	111	10	qualitative	qualitative	ADJ
ajfa-9359	111	11	method	method	NOUN
ajfa-9359	111	12	is	be	AUX
ajfa-9359	111	13	used	use	VERB
ajfa-9359	111	14	.	.	PUNCT
ajfa-9359	112	1	most	most	ADJ
ajfa-9359	112	2	of	of	ADP
ajfa-9359	112	3	the	the	DET
ajfa-9359	112	4	existing	exist	VERB
ajfa-9359	112	5	empirical	empirical	ADJ
ajfa-9359	112	6	studies	study	NOUN
ajfa-9359	112	7	on	on	ADP
ajfa-9359	112	8	capital	capital	NOUN
ajfa-9359	112	9	structure	structure	NOUN
ajfa-9359	112	10	use	use	NOUN
ajfa-9359	112	11	linear	linear	ADJ
ajfa-9359	112	12	regression	regression	NOUN
ajfa-9359	112	13	techniques	technique	NOUN
ajfa-9359	112	14	with	with	ADP
ajfa-9359	112	15	proxies	proxy	NOUN
ajfa-9359	112	16	for	for	ADP
ajfa-9359	112	17	the	the	DET
ajfa-9359	112	18	determinant	determinant	ADJ
ajfa-9359	112	19	factors	factor	NOUN
ajfa-9359	112	20	used	use	VERB
ajfa-9359	112	21	to	to	PART
ajfa-9359	112	22	explain	explain	VERB
ajfa-9359	112	23	the	the	DET
ajfa-9359	112	24	variation	variation	NOUN
ajfa-9359	112	25	in	in	ADP
ajfa-9359	112	26	leverage	leverage	NOUN
ajfa-9359	112	27	ratios	ratio	NOUN
ajfa-9359	112	28	across	across	ADP
ajfa-9359	112	29	firms	firm	NOUN
ajfa-9359	112	30	.	.	PUNCT
ajfa-9359	113	1	thus	thus	ADV
ajfa-9359	113	2	,	,	PUNCT
ajfa-9359	113	3	this	this	DET
ajfa-9359	113	4	study	study	NOUN
ajfa-9359	113	5	uses	use	VERB
ajfa-9359	113	6	one	one	NUM
ajfa-9359	113	7	multivariate	multivariate	NOUN
ajfa-9359	113	8	ordinary	ordinary	ADJ
ajfa-9359	113	9	least	least	ADJ
ajfa-9359	113	10	square	square	ADJ
ajfa-9359	113	11	(	(	PUNCT
ajfa-9359	113	12	ols	ol	NOUN
ajfa-9359	113	13	)	)	PUNCT
ajfa-9359	113	14	regression	regression	NOUN
ajfa-9359	113	15	model	model	NOUN
ajfa-9359	113	16	to	to	PART
ajfa-9359	113	17	run	run	VERB
ajfa-9359	113	18	the	the	DET
ajfa-9359	113	19	analysis	analysis	NOUN
ajfa-9359	113	20	of	of	ADP
ajfa-9359	113	21	the	the	DET
ajfa-9359	113	22	data	datum	NOUN
ajfa-9359	113	23	collected	collect	VERB
ajfa-9359	113	24	in	in	ADP
ajfa-9359	113	25	order	order	NOUN
ajfa-9359	113	26	to	to	PART
ajfa-9359	113	27	test	test	VERB
ajfa-9359	113	28	and	and	CCONJ
ajfa-9359	113	29	analyze	analyze	VERB
ajfa-9359	113	30	the	the	DET
ajfa-9359	113	31	relationship	relationship	NOUN
ajfa-9359	113	32	between	between	ADP
ajfa-9359	113	33	the	the	DET
ajfa-9359	113	34	financial	financial	ADJ
ajfa-9359	113	35	leverage	leverage	NOUN
ajfa-9359	113	36	and	and	CCONJ
ajfa-9359	113	37	its	its	PRON
ajfa-9359	113	38	determinant	determinant	ADJ
ajfa-9359	113	39	factors	factor	NOUN
ajfa-9359	113	40	,	,	PUNCT
ajfa-9359	113	41	since	since	SCONJ
ajfa-9359	113	42	it	it	PRON
ajfa-9359	113	43	is	be	AUX
ajfa-9359	113	44	known	know	VERB
ajfa-9359	113	45	that	that	SCONJ
ajfa-9359	113	46	regression	regression	NOUN
ajfa-9359	113	47	analysis	analysis	NOUN
ajfa-9359	113	48	is	be	AUX
ajfa-9359	113	49	able	able	ADJ
ajfa-9359	113	50	to	to	PART
ajfa-9359	113	51	examine	examine	VERB
ajfa-9359	113	52	the	the	DET
ajfa-9359	113	53	associative	associative	ADJ
ajfa-9359	113	54	correlation	correlation	NOUN
ajfa-9359	113	55	between	between	ADP
ajfa-9359	113	56	the	the	DET
ajfa-9359	113	57	dependent	dependent	ADJ
ajfa-9359	113	58	variable	variable	NOUN
ajfa-9359	113	59	and	and	CCONJ
ajfa-9359	113	60	one	one	NUM
ajfa-9359	113	61	or	or	CCONJ
ajfa-9359	113	62	more	more	ADV
ajfa-9359	113	63	independent	independent	ADJ
ajfa-9359	113	64	variables	variable	NOUN
ajfa-9359	113	65	.	.	PUNCT
ajfa-9359	114	1	it	it	PRON
ajfa-9359	114	2	identifies	identify	VERB
ajfa-9359	114	3	the	the	DET
ajfa-9359	114	4	relative	relative	ADJ
ajfa-9359	114	5	significance	significance	NOUN
ajfa-9359	114	6	of	of	ADP
ajfa-9359	114	7	independent	independent	ADJ
ajfa-9359	114	8	variables	variable	NOUN
ajfa-9359	114	9	,	,	PUNCT
ajfa-9359	114	10	calculates	calculate	VERB
ajfa-9359	114	11	the	the	DET
ajfa-9359	114	12	values	value	NOUN
ajfa-9359	114	13	of	of	ADP
ajfa-9359	114	14	the	the	DET
ajfa-9359	114	15	dependent	dependent	ADJ
ajfa-9359	114	16	variable	variable	NOUN
ajfa-9359	114	17	and	and	CCONJ
ajfa-9359	114	18	determines	determine	VERB
ajfa-9359	114	19	the	the	DET
ajfa-9359	114	20	form	form	NOUN
ajfa-9359	114	21	or	or	CCONJ
ajfa-9359	114	22	structure	structure	NOUN
ajfa-9359	114	23	of	of	ADP
ajfa-9359	114	24	the	the	DET
ajfa-9359	114	25	relationship	relationship	NOUN
ajfa-9359	114	26	.	.	PUNCT
ajfa-9359	115	1	in	in	ADP
ajfa-9359	115	2	order	order	NOUN
ajfa-9359	115	3	to	to	PART
ajfa-9359	115	4	apply	apply	VERB
ajfa-9359	115	5	regression	regression	NOUN
ajfa-9359	115	6	analysis	analysis	NOUN
ajfa-9359	115	7	,	,	PUNCT
ajfa-9359	115	8	it	it	PRON
ajfa-9359	115	9	is	be	AUX
ajfa-9359	115	10	assumed	assume	VERB
ajfa-9359	115	11	that	that	SCONJ
ajfa-9359	115	12	there	there	PRON
ajfa-9359	115	13	are	be	VERB
ajfa-9359	115	14	linear	linear	ADJ
ajfa-9359	115	15	relationships	relationship	NOUN
ajfa-9359	115	16	between	between	ADP
ajfa-9359	115	17	leverage	leverage	NOUN
ajfa-9359	115	18	and	and	CCONJ
ajfa-9359	115	19	the	the	DET
ajfa-9359	115	20	seven	seven	NUM
ajfa-9359	115	21	firm	firm	ADJ
ajfa-9359	115	22	-	-	PUNCT
ajfa-9359	115	23	specific	specific	ADJ
ajfa-9359	115	24	internal	internal	ADJ
ajfa-9359	115	25	factors	factor	NOUN
ajfa-9359	115	26	,	,	PUNCT
ajfa-9359	115	27	the	the	DET
ajfa-9359	115	28	error	error	NOUN
ajfa-9359	115	29	term	term	NOUN
ajfa-9359	115	30	is	be	AUX
ajfa-9359	115	31	independent	independent	ADJ
ajfa-9359	115	32	,	,	PUNCT
ajfa-9359	115	33	constant	constant	ADJ
ajfa-9359	115	34	and	and	CCONJ
ajfa-9359	115	35	under	under	ADP
ajfa-9359	115	36	a	a	DET
ajfa-9359	115	37	normal	normal	ADJ
ajfa-9359	115	38	distribution	distribution	NOUN
ajfa-9359	115	39	.	.	PUNCT
ajfa-9359	116	1	the	the	DET
ajfa-9359	116	2	multivariate	multivariate	NOUN
ajfa-9359	116	3	ordinary	ordinary	ADJ
ajfa-9359	116	4	least	least	ADJ
ajfa-9359	116	5	square	square	ADJ
ajfa-9359	116	6	(	(	PUNCT
ajfa-9359	116	7	ols	ol	NOUN
ajfa-9359	116	8	)	)	PUNCT
ajfa-9359	116	9	regression	regression	NOUN
ajfa-9359	116	10	model	model	NOUN
ajfa-9359	116	11	used	use	VERB
ajfa-9359	116	12	in	in	ADP
ajfa-9359	116	13	this	this	DET
ajfa-9359	116	14	study	study	NOUN
ajfa-9359	116	15	is	be	AUX
ajfa-9359	116	16	defined	define	VERB
ajfa-9359	116	17	as	as	SCONJ
ajfa-9359	116	18	follows	follow	VERB
ajfa-9359	116	19	:	:	PUNCT
ajfa-9359	116	20	the	the	DET
ajfa-9359	116	21	model	model	NOUN
ajfa-9359	116	22	equation	equation	NOUN
ajfa-9359	116	23	is	be	AUX
ajfa-9359	116	24	:	:	PUNCT
ajfa-9359	116	25	leverage	leverage	NOUN
ajfa-9359	116	26	(	(	PUNCT
ajfa-9359	116	27	firmit	firmit	NOUN
ajfa-9359	116	28	)	)	PUNCT
ajfa-9359	116	29	=	=	SYM
ajfa-9359	117	1	β0	β0	ADJ
ajfa-9359	117	2	+	+	CCONJ
ajfa-9359	117	3	β1(tangit)+	β1(tangit)+	ADJ
ajfa-9359	117	4	β2(profit)+	β2(profit)+	ADJ
ajfa-9359	117	5	β3(growit)+	β3(growit)+	PROPN
ajfa-9359	117	6	β4(sizeit)+	β4(sizeit)+	NOUN
ajfa-9359	117	7	β5(liqit)+	β5(liqit)+	ADJ
ajfa-9359	117	8	β6(ndtsit)+	β6(ndtsit)+	ADJ
ajfa-9359	117	9	εit	εit	NOUN
ajfa-9359	117	10	where	where	SCONJ
ajfa-9359	117	11	:	:	PUNCT
ajfa-9359	117	12	standard	standard	ADJ
ajfa-9359	117	13	coefficients	coefficient	NOUN
ajfa-9359	117	14	and	and	CCONJ
ajfa-9359	117	15	error	error	NOUN
ajfa-9359	117	16	term	term	NOUN
ajfa-9359	117	17	i	i	PRON
ajfa-9359	117	18	=	=	PRON
ajfa-9359	117	19	represent	represent	VERB
ajfa-9359	117	20	the	the	DET
ajfa-9359	117	21	individual	individual	ADJ
ajfa-9359	117	22	companies	company	NOUN
ajfa-9359	117	23	t	t	NOUN
ajfa-9359	118	1	=	=	AUX
ajfa-9359	118	2	represent	represent	VERB
ajfa-9359	118	3	the	the	DET
ajfa-9359	118	4	year	year	NOUN
ajfa-9359	118	5	β0	β0	NOUN
ajfa-9359	118	6	=	=	PUNCT
ajfa-9359	118	7	coefficient	coefficient	NOUN
ajfa-9359	118	8	of	of	ADP
ajfa-9359	118	9	intercept	intercept	NOUN
ajfa-9359	118	10	(	(	PUNCT
ajfa-9359	118	11	constant	constant	ADJ
ajfa-9359	118	12	)	)	PUNCT
ajfa-9359	118	13	β4	β4	PROPN
ajfa-9359	118	14	=	=	SYM
ajfa-9359	118	15	coefficient	coefficient	NOUN
ajfa-9359	118	16	of	of	ADP
ajfa-9359	118	17	size	size	NOUN
ajfa-9359	118	18	β1	β1	PROPN
ajfa-9359	118	19	=	=	SYM
ajfa-9359	118	20	coefficient	coefficient	PROPN
ajfa-9359	118	21	oftangibility	oftangibility	PROPN
ajfa-9359	118	22	β5=	β5=	PROPN
ajfa-9359	118	23	coefficient	coefficient	NOUN
ajfa-9359	118	24	of	of	ADP
ajfa-9359	118	25	liquidity	liquidity	NOUN
ajfa-9359	118	26	β2	β2	NOUN
ajfa-9359	118	27	=	=	NOUN
ajfa-9359	118	28	coefficient	coefficient	NOUN
ajfa-9359	118	29	of	of	ADP
ajfa-9359	118	30	profitability	profitability	NOUN
ajfa-9359	118	31	β6	β6	NOUN
ajfa-9359	118	32	=	=	PUNCT
ajfa-9359	118	33	coefficient	coefficient	NOUN
ajfa-9359	118	34	of	of	ADP
ajfa-9359	118	35	tax	tax	NOUN
ajfa-9359	118	36	-	-	PUNCT
ajfa-9359	118	37	shield	shield	NOUN
ajfa-9359	118	38	β3	β3	NOUN
ajfa-9359	118	39	=	=	SYM
ajfa-9359	118	40	coefficient	coefficient	NOUN
ajfa-9359	118	41	of	of	ADP
ajfa-9359	118	42	firm	firm	ADJ
ajfa-9359	118	43	growth	growth	NOUN
ajfa-9359	118	44	ε=	ε=	VERB
ajfa-9359	118	45	the	the	DET
ajfa-9359	118	46	error	error	NOUN
ajfa-9359	118	47	term	term	NOUN
ajfa-9359	118	48	asian	asian	ADJ
ajfa-9359	118	49	journal	journal	NOUN
ajfa-9359	118	50	of	of	ADP
ajfa-9359	118	51	finance	finance	PROPN
ajfa-9359	118	52	&	&	CCONJ
ajfa-9359	118	53	accounting	accounting	PROPN
ajfa-9359	118	54	issn	issn	PROPN
ajfa-9359	118	55	1946	1946	NUM
ajfa-9359	118	56	-	-	PUNCT
ajfa-9359	118	57	052x	052x	PROPN
ajfa-9359	118	58	2017	2017	NUM
ajfa-9359	118	59	,	,	PUNCT
ajfa-9359	118	60	vol	vol	NOUN
ajfa-9359	118	61	.	.	NOUN
ajfa-9359	118	62	9	9	NUM
ajfa-9359	118	63	,	,	PUNCT
ajfa-9359	118	64	no	no	INTJ
ajfa-9359	118	65	.	.	NOUN
ajfa-9359	118	66	1	1	NUM
ajfa-9359	118	67	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	118	68	9	9	NUM
ajfa-9359	118	69	dependent	dependent	ADJ
ajfa-9359	118	70	variable	variable	NOUN
ajfa-9359	118	71			VERB
ajfa-9359	118	72	tda	tda	NOUN
ajfa-9359	118	73	represents	represent	VERB
ajfa-9359	118	74	leverage	leverage	NOUN
ajfa-9359	118	75	,	,	PUNCT
ajfa-9359	118	76	which	which	PRON
ajfa-9359	118	77	is	be	AUX
ajfa-9359	118	78	measured	measure	VERB
ajfa-9359	118	79	by	by	ADP
ajfa-9359	118	80	the	the	DET
ajfa-9359	118	81	ratio	ratio	NOUN
ajfa-9359	118	82	of	of	ADP
ajfa-9359	118	83	total	total	ADJ
ajfa-9359	118	84	debt	debt	NOUN
ajfa-9359	118	85	to	to	ADP
ajfa-9359	118	86	book	book	NOUN
ajfa-9359	118	87	value	value	NOUN
ajfa-9359	118	88	of	of	ADP
ajfa-9359	118	89	total	total	ADJ
ajfa-9359	118	90	assets	asset	NOUN
ajfa-9359	118	91	.	.	PUNCT
ajfa-9359	119	1	independent	independent	ADJ
ajfa-9359	119	2	variables	variable	NOUN
ajfa-9359	119	3			VERB
ajfa-9359	119	4	tang	tang	NOUN
ajfa-9359	119	5	represents	represent	VERB
ajfa-9359	119	6	tangibility	tangibility	NOUN
ajfa-9359	119	7	of	of	ADP
ajfa-9359	119	8	assets	asset	NOUN
ajfa-9359	119	9	,	,	PUNCT
ajfa-9359	119	10	measured	measure	VERB
ajfa-9359	119	11	by	by	ADP
ajfa-9359	119	12	the	the	DET
ajfa-9359	119	13	ratio	ratio	NOUN
ajfa-9359	119	14	of	of	ADP
ajfa-9359	119	15	fixed	fix	VERB
ajfa-9359	119	16	assets	asset	NOUN
ajfa-9359	119	17	to	to	ADP
ajfa-9359	119	18	total	total	ADJ
ajfa-9359	119	19	assets	asset	NOUN
ajfa-9359	119	20	.	.	PUNCT
ajfa-9359	120	1			ADJ
ajfa-9359	120	2	prof	prof	NOUN
ajfa-9359	120	3	represents	represent	VERB
ajfa-9359	120	4	profitability	profitability	NOUN
ajfa-9359	120	5	,	,	PUNCT
ajfa-9359	120	6	measured	measure	VERB
ajfa-9359	120	7	by	by	ADP
ajfa-9359	120	8	using	use	VERB
ajfa-9359	120	9	the	the	DET
ajfa-9359	120	10	ratio	ratio	NOUN
ajfa-9359	120	11	of	of	ADP
ajfa-9359	120	12	ebit	ebit	PROPN
ajfa-9359	120	13	over	over	ADP
ajfa-9359	120	14	total	total	ADJ
ajfa-9359	120	15	assets	asset	NOUN
ajfa-9359	120	16	.	.	PUNCT
ajfa-9359	121	1			VERB
ajfa-9359	121	2	grow	grow	NOUN
ajfa-9359	121	3	represents	represent	VERB
ajfa-9359	121	4	growth	growth	NOUN
ajfa-9359	121	5	,	,	PUNCT
ajfa-9359	121	6	measured	measure	VERB
ajfa-9359	121	7	by	by	ADP
ajfa-9359	121	8	the	the	DET
ajfa-9359	121	9	percentage	percentage	NOUN
ajfa-9359	121	10	change	change	NOUN
ajfa-9359	121	11	of	of	ADP
ajfa-9359	121	12	total	total	ADJ
ajfa-9359	121	13	assets	asset	NOUN
ajfa-9359	121	14	.	.	PUNCT
ajfa-9359	122	1			VERB
ajfa-9359	122	2	size	size	NOUN
ajfa-9359	122	3	represents	represent	VERB
ajfa-9359	122	4	size	size	NOUN
ajfa-9359	122	5	,	,	PUNCT
ajfa-9359	122	6	measured	measure	VERB
ajfa-9359	122	7	by	by	ADP
ajfa-9359	122	8	the	the	DET
ajfa-9359	122	9	natural	natural	ADJ
ajfa-9359	122	10	logarithm	logarithm	NOUN
ajfa-9359	122	11	of	of	ADP
ajfa-9359	122	12	total	total	ADJ
ajfa-9359	122	13	assets	asset	NOUN
ajfa-9359	122	14	.	.	PUNCT
ajfa-9359	123	1			ADJ
ajfa-9359	123	2	liq	liq	NOUN
ajfa-9359	123	3	represents	represent	VERB
ajfa-9359	123	4	liquidity	liquidity	NOUN
ajfa-9359	123	5	,	,	PUNCT
ajfa-9359	123	6	measured	measure	VERB
ajfa-9359	123	7	by	by	ADP
ajfa-9359	123	8	the	the	DET
ajfa-9359	123	9	total	total	ADJ
ajfa-9359	123	10	current	current	ADJ
ajfa-9359	123	11	assets	asset	NOUN
ajfa-9359	123	12	over	over	ADP
ajfa-9359	123	13	total	total	ADJ
ajfa-9359	123	14	current	current	ADJ
ajfa-9359	123	15	liability	liability	NOUN
ajfa-9359	123	16	.	.	PUNCT
ajfa-9359	124	1			VERB
ajfa-9359	124	2	ndts	ndts	NOUN
ajfa-9359	124	3	represents	represent	VERB
ajfa-9359	124	4	non	non	ADJ
ajfa-9359	124	5	-	-	ADJ
ajfa-9359	124	6	debt	debt	ADJ
ajfa-9359	124	7	tax	tax	NOUN
ajfa-9359	124	8	shield	shield	NOUN
ajfa-9359	124	9	,	,	PUNCT
ajfa-9359	124	10	measured	measure	VERB
ajfa-9359	124	11	by	by	ADP
ajfa-9359	124	12	the	the	DET
ajfa-9359	124	13	ratio	ratio	NOUN
ajfa-9359	124	14	of	of	ADP
ajfa-9359	124	15	annual	annual	ADJ
ajfa-9359	124	16	depreciation	depreciation	NOUN
ajfa-9359	124	17	expense	expense	NOUN
ajfa-9359	124	18	to	to	ADP
ajfa-9359	124	19	total	total	ADJ
ajfa-9359	124	20	assets	asset	NOUN
ajfa-9359	124	21	.	.	PUNCT
ajfa-9359	125	1	3.4	3.4	NUM
ajfa-9359	125	2	definition	definition	NOUN
ajfa-9359	125	3	and	and	CCONJ
ajfa-9359	125	4	measurement	measurement	NOUN
ajfa-9359	125	5	of	of	ADP
ajfa-9359	125	6	variables	variable	NOUN
ajfa-9359	125	7	explanatory	explanatory	ADJ
ajfa-9359	125	8	variables	variable	NOUN
ajfa-9359	125	9	based	base	VERB
ajfa-9359	125	10	on	on	ADP
ajfa-9359	125	11	the	the	DET
ajfa-9359	125	12	previous	previous	ADJ
ajfa-9359	125	13	studies	study	NOUN
ajfa-9359	125	14	,	,	PUNCT
ajfa-9359	125	15	the	the	DET
ajfa-9359	125	16	researcher	researcher	NOUN
ajfa-9359	125	17	limits	limit	VERB
ajfa-9359	125	18	himself	himself	PRON
ajfa-9359	125	19	to	to	ADP
ajfa-9359	125	20	the	the	DET
ajfa-9359	125	21	study	study	NOUN
ajfa-9359	125	22	of	of	ADP
ajfa-9359	125	23	seven	seven	NUM
ajfa-9359	125	24	firm	firm	ADJ
ajfa-9359	125	25	-	-	PUNCT
ajfa-9359	125	26	specific	specific	ADJ
ajfa-9359	125	27	factors	factor	NOUN
ajfa-9359	125	28	,	,	PUNCT
ajfa-9359	125	29	namely	namely	ADV
ajfa-9359	125	30	,	,	PUNCT
ajfa-9359	125	31	tangibility	tangibility	NOUN
ajfa-9359	125	32	(	(	PUNCT
ajfa-9359	125	33	tang	tang	PROPN
ajfa-9359	125	34	)	)	PUNCT
ajfa-9359	125	35	,	,	PUNCT
ajfa-9359	125	36	size	size	NOUN
ajfa-9359	125	37	(	(	PUNCT
ajfa-9359	125	38	size	size	NOUN
ajfa-9359	125	39	)	)	PUNCT
ajfa-9359	125	40	,	,	PUNCT
ajfa-9359	125	41	profitability	profitability	NOUN
ajfa-9359	125	42	(	(	PUNCT
ajfa-9359	125	43	prof	prof	NOUN
ajfa-9359	125	44	)	)	PUNCT
ajfa-9359	125	45	,	,	PUNCT
ajfa-9359	125	46	liquidity	liquidity	NOUN
ajfa-9359	125	47	(	(	PUNCT
ajfa-9359	125	48	liq	liq	NOUN
ajfa-9359	125	49	)	)	PUNCT
ajfa-9359	125	50	,	,	PUNCT
ajfa-9359	125	51	growth	growth	NOUN
ajfa-9359	125	52	(	(	PUNCT
ajfa-9359	125	53	grow	grow	VERB
ajfa-9359	125	54	)	)	PUNCT
ajfa-9359	125	55	,	,	PUNCT
ajfa-9359	125	56	and	and	CCONJ
ajfa-9359	125	57	non	non	ADJ
ajfa-9359	125	58	-	-	ADJ
ajfa-9359	125	59	debt	debt	ADJ
ajfa-9359	125	60	tax	tax	NOUN
ajfa-9359	125	61	shield	shield	NOUN
ajfa-9359	125	62	(	(	PUNCT
ajfa-9359	125	63	ndts	ndts	NOUN
ajfa-9359	125	64	)	)	PUNCT
ajfa-9359	125	65	.	.	PUNCT
ajfa-9359	126	1	according	accord	VERB
ajfa-9359	126	2	to	to	ADP
ajfa-9359	126	3	hsiao	hsiao	PROPN
ajfa-9359	126	4	(	(	PUNCT
ajfa-9359	126	5	1985	1985	NUM
ajfa-9359	126	6	)	)	PUNCT
ajfa-9359	126	7	,	,	PUNCT
ajfa-9359	126	8	applying	apply	VERB
ajfa-9359	126	9	panel	panel	NOUN
ajfa-9359	126	10	data	datum	NOUN
ajfa-9359	126	11	gives	give	VERB
ajfa-9359	126	12	more	more	ADV
ajfa-9359	126	13	efficient	efficient	ADJ
ajfa-9359	126	14	coefficients	coefficient	NOUN
ajfa-9359	126	15	and	and	CCONJ
ajfa-9359	126	16	facilitates	facilitate	VERB
ajfa-9359	126	17	reduction	reduction	NOUN
ajfa-9359	126	18	of	of	ADP
ajfa-9359	126	19	collinearity	collinearity	NOUN
ajfa-9359	126	20	among	among	ADP
ajfa-9359	126	21	explanatory	explanatory	ADJ
ajfa-9359	126	22	variables	variable	NOUN
ajfa-9359	126	23	.	.	PUNCT
ajfa-9359	127	1	therefore	therefore	ADV
ajfa-9359	127	2	,	,	PUNCT
ajfa-9359	127	3	the	the	DET
ajfa-9359	127	4	effects	effect	NOUN
ajfa-9359	127	5	of	of	ADP
ajfa-9359	127	6	explanatory	explanatory	ADJ
ajfa-9359	127	7	variables	variable	NOUN
ajfa-9359	127	8	on	on	ADP
ajfa-9359	127	9	leverage	leverage	NOUN
ajfa-9359	127	10	(	(	PUNCT
ajfa-9359	127	11	dependent	dependent	ADJ
ajfa-9359	127	12	variable	variable	NOUN
ajfa-9359	127	13	)	)	PUNCT
ajfa-9359	127	14	are	be	AUX
ajfa-9359	127	15	estimated	estimate	VERB
ajfa-9359	127	16	by	by	ADP
ajfa-9359	127	17	using	use	VERB
ajfa-9359	127	18	panel	panel	NOUN
ajfa-9359	127	19	data	datum	NOUN
ajfa-9359	127	20	or	or	CCONJ
ajfa-9359	127	21	timeseries	timeserie	NOUN
ajfa-9359	127	22	cross	cross	ADJ
ajfa-9359	127	23	-	-	ADJ
ajfa-9359	127	24	sectional	sectional	ADJ
ajfa-9359	127	25	data	datum	NOUN
ajfa-9359	127	26	.	.	PUNCT
ajfa-9359	128	1	in	in	ADP
ajfa-9359	128	2	addition	addition	NOUN
ajfa-9359	128	3	,	,	PUNCT
ajfa-9359	128	4	there	there	PRON
ajfa-9359	128	5	is	be	VERB
ajfa-9359	128	6	one	one	NUM
ajfa-9359	128	7	dummy	dummy	ADJ
ajfa-9359	128	8	variable	variable	NOUN
ajfa-9359	128	9	which	which	PRON
ajfa-9359	128	10	refers	refer	VERB
ajfa-9359	128	11	to	to	ADP
ajfa-9359	128	12	the	the	DET
ajfa-9359	128	13	effect	effect	NOUN
ajfa-9359	128	14	of	of	ADP
ajfa-9359	128	15	financial	financial	ADJ
ajfa-9359	128	16	crisis	crisis	NOUN
ajfa-9359	128	17	of	of	ADP
ajfa-9359	128	18	2007	2007	NUM
ajfa-9359	128	19	-	-	SYM
ajfa-9359	128	20	2009	2009	NUM
ajfa-9359	128	21	on	on	ADP
ajfa-9359	128	22	leverage	leverage	NOUN
ajfa-9359	128	23	.	.	PUNCT
ajfa-9359	129	1	dependent	dependent	ADJ
ajfa-9359	129	2	variable	variable	NOUN
ajfa-9359	129	3	(	(	PUNCT
ajfa-9359	129	4	leverage	leverage	NOUN
ajfa-9359	129	5	)	)	PUNCT
ajfa-9359	129	6	according	accord	VERB
ajfa-9359	129	7	to	to	ADP
ajfa-9359	129	8	deesomsak	deesomsak	PROPN
ajfa-9359	129	9	et	et	PROPN
ajfa-9359	129	10	al	al	PROPN
ajfa-9359	129	11	.	.	PROPN
ajfa-9359	129	12	(	(	PUNCT
ajfa-9359	129	13	2004	2004	NUM
ajfa-9359	129	14	)	)	PUNCT
ajfa-9359	129	15	,	,	PUNCT
ajfa-9359	129	16	the	the	DET
ajfa-9359	129	17	literature	literature	NOUN
ajfa-9359	129	18	has	have	VERB
ajfa-9359	129	19	many	many	ADJ
ajfa-9359	129	20	alternative	alternative	ADJ
ajfa-9359	129	21	definitions	definition	NOUN
ajfa-9359	129	22	of	of	ADP
ajfa-9359	129	23	leverage	leverage	NOUN
ajfa-9359	129	24	depending	depend	VERB
ajfa-9359	129	25	on	on	ADP
ajfa-9359	129	26	whether	whether	SCONJ
ajfa-9359	129	27	market	market	NOUN
ajfa-9359	129	28	values	value	NOUN
ajfa-9359	129	29	or	or	CCONJ
ajfa-9359	129	30	book	book	NOUN
ajfa-9359	129	31	measures	measure	NOUN
ajfa-9359	129	32	are	be	AUX
ajfa-9359	129	33	used	use	VERB
ajfa-9359	129	34	and	and	CCONJ
ajfa-9359	129	35	depending	depend	VERB
ajfa-9359	129	36	also	also	ADV
ajfa-9359	129	37	on	on	ADP
ajfa-9359	129	38	whether	whether	SCONJ
ajfa-9359	129	39	only	only	ADJ
ajfa-9359	129	40	long	long	ADJ
ajfa-9359	129	41	-	-	PUNCT
ajfa-9359	129	42	term	term	NOUN
ajfa-9359	129	43	debt	debt	NOUN
ajfa-9359	129	44	or	or	CCONJ
ajfa-9359	129	45	total	total	ADJ
ajfa-9359	129	46	debt	debt	NOUN
ajfa-9359	129	47	is	be	AUX
ajfa-9359	129	48	taken	take	VERB
ajfa-9359	129	49	into	into	ADP
ajfa-9359	129	50	account	account	NOUN
ajfa-9359	129	51	.	.	PUNCT
ajfa-9359	130	1	thus	thus	ADV
ajfa-9359	130	2	,	,	PUNCT
ajfa-9359	130	3	there	there	PRON
ajfa-9359	130	4	are	be	VERB
ajfa-9359	130	5	the	the	DET
ajfa-9359	130	6	following	follow	VERB
ajfa-9359	130	7	definitions	definition	NOUN
ajfa-9359	130	8	of	of	ADP
ajfa-9359	130	9	leverage	leverage	NOUN
ajfa-9359	130	10	:	:	PUNCT
ajfa-9359	130	11	the	the	DET
ajfa-9359	130	12	ratio	ratio	NOUN
ajfa-9359	130	13	of	of	ADP
ajfa-9359	130	14	total	total	ADJ
ajfa-9359	130	15	debt	debt	NOUN
ajfa-9359	130	16	to	to	ADP
ajfa-9359	130	17	book	book	NOUN
ajfa-9359	130	18	value	value	NOUN
ajfa-9359	130	19	of	of	ADP
ajfa-9359	130	20	assets	asset	NOUN
ajfa-9359	130	21	(	(	PUNCT
ajfa-9359	130	22	tda	tda	NOUN
ajfa-9359	130	23	)	)	PUNCT
ajfa-9359	130	24	,	,	PUNCT
ajfa-9359	130	25	the	the	DET
ajfa-9359	130	26	ratio	ratio	NOUN
ajfa-9359	130	27	of	of	ADP
ajfa-9359	130	28	total	total	ADJ
ajfa-9359	130	29	debt	debt	NOUN
ajfa-9359	130	30	to	to	ADP
ajfa-9359	130	31	market	market	NOUN
ajfa-9359	130	32	value	value	NOUN
ajfa-9359	130	33	of	of	ADP
ajfa-9359	130	34	assets	asset	NOUN
ajfa-9359	130	35	(	(	PUNCT
ajfa-9359	130	36	tdm	tdm	NOUN
ajfa-9359	130	37	)	)	PUNCT
ajfa-9359	130	38	,	,	PUNCT
ajfa-9359	130	39	the	the	DET
ajfa-9359	130	40	ratio	ratio	NOUN
ajfa-9359	130	41	of	of	ADP
ajfa-9359	130	42	long	long	ADJ
ajfa-9359	130	43	term	term	NOUN
ajfa-9359	130	44	debt	debt	NOUN
ajfa-9359	130	45	to	to	ADP
ajfa-9359	130	46	market	market	NOUN
ajfa-9359	130	47	value	value	NOUN
ajfa-9359	130	48	of	of	ADP
ajfa-9359	130	49	assets	asset	NOUN
ajfa-9359	130	50	(	(	PUNCT
ajfa-9359	130	51	ldm	ldm	NOUN
ajfa-9359	130	52	)	)	PUNCT
ajfa-9359	130	53	,	,	PUNCT
ajfa-9359	130	54	and	and	CCONJ
ajfa-9359	130	55	the	the	DET
ajfa-9359	130	56	ratio	ratio	NOUN
ajfa-9359	130	57	of	of	ADP
ajfa-9359	130	58	long	long	ADJ
ajfa-9359	130	59	-	-	PUNCT
ajfa-9359	130	60	term	term	NOUN
ajfa-9359	130	61	debt	debt	NOUN
ajfa-9359	130	62	to	to	ADP
ajfa-9359	130	63	book	book	NOUN
ajfa-9359	130	64	value	value	NOUN
ajfa-9359	130	65	of	of	ADP
ajfa-9359	130	66	assets	asset	NOUN
ajfa-9359	130	67	(	(	PUNCT
ajfa-9359	130	68	lda).this	lda).this	DET
ajfa-9359	130	69	study	study	NOUN
ajfa-9359	130	70	uses	use	VERB
ajfa-9359	130	71	the	the	DET
ajfa-9359	130	72	capital	capital	NOUN
ajfa-9359	130	73	structure	structure	NOUN
ajfa-9359	130	74	(	(	PUNCT
ajfa-9359	130	75	leverage	leverage	NOUN
ajfa-9359	130	76	)	)	PUNCT
ajfa-9359	130	77	as	as	ADP
ajfa-9359	130	78	the	the	DET
ajfa-9359	130	79	dependent	dependent	ADJ
ajfa-9359	130	80	variable	variable	NOUN
ajfa-9359	130	81	and	and	CCONJ
ajfa-9359	130	82	it	it	PRON
ajfa-9359	130	83	is	be	AUX
ajfa-9359	130	84	defined	define	VERB
ajfa-9359	130	85	as	as	ADP
ajfa-9359	130	86	the	the	DET
ajfa-9359	130	87	ratio	ratio	NOUN
ajfa-9359	130	88	of	of	ADP
ajfa-9359	130	89	total	total	ADJ
ajfa-9359	130	90	debt	debt	NOUN
ajfa-9359	130	91	to	to	ADP
ajfa-9359	130	92	book	book	NOUN
ajfa-9359	130	93	value	value	NOUN
ajfa-9359	130	94	of	of	ADP
ajfa-9359	130	95	total	total	ADJ
ajfa-9359	130	96	assets	asset	NOUN
ajfa-9359	130	97	(	(	PUNCT
ajfa-9359	130	98	tda	tda	NOUN
ajfa-9359	130	99	)	)	PUNCT
ajfa-9359	130	100	,	,	PUNCT
ajfa-9359	130	101	the	the	DET
ajfa-9359	130	102	same	same	ADJ
ajfa-9359	130	103	model	model	NOUN
ajfa-9359	130	104	used	use	VERB
ajfa-9359	130	105	by	by	ADP
ajfa-9359	130	106	rajan	rajan	PROPN
ajfa-9359	130	107	and	and	CCONJ
ajfa-9359	130	108	zingales	zingales	PROPN
ajfa-9359	130	109	(	(	PUNCT
ajfa-9359	130	110	1995	1995	NUM
ajfa-9359	130	111	)	)	PUNCT
ajfa-9359	130	112	and	and	CCONJ
ajfa-9359	130	113	ozkan	ozkan	NOUN
ajfa-9359	130	114	(	(	PUNCT
ajfa-9359	130	115	2001	2001	NUM
ajfa-9359	130	116	)	)	PUNCT
ajfa-9359	130	117	.	.	PUNCT
ajfa-9359	131	1	independent	independent	ADJ
ajfa-9359	131	2	variables	variable	NOUN
ajfa-9359	131	3	the	the	DET
ajfa-9359	131	4	estimated	estimate	VERB
ajfa-9359	131	5	variables	variable	NOUN
ajfa-9359	131	6	used	use	VERB
ajfa-9359	131	7	in	in	ADP
ajfa-9359	131	8	this	this	DET
ajfa-9359	131	9	study	study	NOUN
ajfa-9359	131	10	as	as	ADP
ajfa-9359	131	11	the	the	DET
ajfa-9359	131	12	independent	independent	ADJ
ajfa-9359	131	13	variables	variable	NOUN
ajfa-9359	131	14	to	to	PART
ajfa-9359	131	15	clarify	clarify	VERB
ajfa-9359	131	16	variations	variation	NOUN
ajfa-9359	131	17	in	in	ADP
ajfa-9359	131	18	leverage	leverage	NOUN
ajfa-9359	131	19	are	be	AUX
ajfa-9359	131	20	tangibility	tangibility	NOUN
ajfa-9359	131	21	,	,	PUNCT
ajfa-9359	131	22	profitability	profitability	NOUN
ajfa-9359	131	23	,	,	PUNCT
ajfa-9359	131	24	growth	growth	NOUN
ajfa-9359	131	25	,	,	PUNCT
ajfa-9359	131	26	size	size	NOUN
ajfa-9359	131	27	,	,	PUNCT
ajfa-9359	131	28	liquidity	liquidity	NOUN
ajfa-9359	131	29	and	and	CCONJ
ajfa-9359	131	30	non	non	ADJ
ajfa-9359	131	31	-	-	ADJ
ajfa-9359	131	32	debt	debt	ADJ
ajfa-9359	131	33	tax	tax	NOUN
ajfa-9359	131	34	shield	shield	NOUN
ajfa-9359	131	35	.	.	PUNCT
ajfa-9359	132	1	in	in	ADP
ajfa-9359	132	2	appendix	appendix	NOUN
ajfa-9359	132	3	,	,	PUNCT
ajfa-9359	132	4	table	table	NOUN
ajfa-9359	132	5	3.2	3.2	NUM
ajfa-9359	132	6	shows	show	VERB
ajfa-9359	132	7	the	the	DET
ajfa-9359	132	8	proxies	proxy	NOUN
ajfa-9359	132	9	used	use	VERB
ajfa-9359	132	10	to	to	PART
ajfa-9359	132	11	measure	measure	VERB
ajfa-9359	132	12	the	the	DET
ajfa-9359	132	13	variables	variable	NOUN
ajfa-9359	132	14	selected	select	VERB
ajfa-9359	132	15	by	by	ADP
ajfa-9359	132	16	the	the	DET
ajfa-9359	132	17	study	study	NOUN
ajfa-9359	132	18	according	accord	VERB
ajfa-9359	132	19	to	to	ADP
ajfa-9359	132	20	literature	literature	NOUN
ajfa-9359	132	21	.	.	PUNCT
ajfa-9359	133	1	asian	asian	ADJ
ajfa-9359	133	2	journal	journal	PROPN
ajfa-9359	133	3	of	of	ADP
ajfa-9359	133	4	finance	finance	PROPN
ajfa-9359	133	5	&	&	CCONJ
ajfa-9359	133	6	accounting	accounting	PROPN
ajfa-9359	133	7	issn	issn	PROPN
ajfa-9359	133	8	1946	1946	NUM
ajfa-9359	133	9	-	-	PUNCT
ajfa-9359	133	10	052x	052x	PROPN
ajfa-9359	133	11	2017	2017	NUM
ajfa-9359	133	12	,	,	PUNCT
ajfa-9359	133	13	vol	vol	NOUN
ajfa-9359	133	14	.	.	NOUN
ajfa-9359	133	15	9	9	NUM
ajfa-9359	133	16	,	,	PUNCT
ajfa-9359	133	17	no	no	INTJ
ajfa-9359	133	18	.	.	NOUN
ajfa-9359	133	19	1	1	NUM
ajfa-9359	133	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	133	21	10	10	NUM
ajfa-9359	133	22	3.5	3.5	NUM
ajfa-9359	133	23	research	research	NOUN
ajfa-9359	133	24	hypotheses	hypothesis	NOUN
ajfa-9359	133	25	the	the	DET
ajfa-9359	133	26	study	study	NOUN
ajfa-9359	133	27	hypotheses	hypothesis	NOUN
ajfa-9359	133	28	are	be	AUX
ajfa-9359	133	29	:	:	PUNCT
ajfa-9359	133	30	h	h	NOUN
ajfa-9359	133	31	1	1	NUM
ajfa-9359	133	32	:	:	PUNCT
ajfa-9359	133	33	there	there	PRON
ajfa-9359	133	34	is	be	VERB
ajfa-9359	133	35	a	a	DET
ajfa-9359	133	36	positive	positive	ADJ
ajfa-9359	133	37	impact	impact	NOUN
ajfa-9359	133	38	of	of	ADP
ajfa-9359	133	39	tangibility	tangibility	NOUN
ajfa-9359	133	40	of	of	ADP
ajfa-9359	133	41	oil	oil	NOUN
ajfa-9359	133	42	and	and	CCONJ
ajfa-9359	133	43	gas	gas	NOUN
ajfa-9359	133	44	firms	firm	NOUN
ajfa-9359	133	45	on	on	ADP
ajfa-9359	133	46	leverage	leverage	NOUN
ajfa-9359	133	47	.	.	PUNCT
ajfa-9359	134	1	h	h	NOUN
ajfa-9359	134	2	2	2	NUM
ajfa-9359	134	3	:	:	PUNCT
ajfa-9359	134	4	there	there	PRON
ajfa-9359	134	5	is	be	VERB
ajfa-9359	134	6	a	a	DET
ajfa-9359	134	7	negative	negative	ADJ
ajfa-9359	134	8	impact	impact	NOUN
ajfa-9359	134	9	of	of	ADP
ajfa-9359	134	10	profitability	profitability	NOUN
ajfa-9359	134	11	of	of	ADP
ajfa-9359	134	12	oil	oil	NOUN
ajfa-9359	134	13	and	and	CCONJ
ajfa-9359	134	14	gas	gas	NOUN
ajfa-9359	134	15	firms	firm	NOUN
ajfa-9359	134	16	on	on	ADP
ajfa-9359	134	17	leverage	leverage	NOUN
ajfa-9359	134	18	.	.	PUNCT
ajfa-9359	135	1	h	h	NOUN
ajfa-9359	135	2	3	3	NUM
ajfa-9359	135	3	:	:	PUNCT
ajfa-9359	135	4	there	there	PRON
ajfa-9359	135	5	is	be	VERB
ajfa-9359	135	6	a	a	DET
ajfa-9359	135	7	negative	negative	ADJ
ajfa-9359	135	8	impact	impact	NOUN
ajfa-9359	135	9	of	of	ADP
ajfa-9359	135	10	growth	growth	NOUN
ajfa-9359	135	11	of	of	ADP
ajfa-9359	135	12	oil	oil	NOUN
ajfa-9359	135	13	and	and	CCONJ
ajfa-9359	135	14	gas	gas	NOUN
ajfa-9359	135	15	firms	firm	NOUN
ajfa-9359	135	16	on	on	ADP
ajfa-9359	135	17	leverage	leverage	NOUN
ajfa-9359	135	18	.	.	PUNCT
ajfa-9359	136	1	h	h	NOUN
ajfa-9359	136	2	4	4	NUM
ajfa-9359	136	3	:	:	PUNCT
ajfa-9359	136	4	there	there	PRON
ajfa-9359	136	5	is	be	VERB
ajfa-9359	136	6	a	a	DET
ajfa-9359	136	7	positive	positive	ADJ
ajfa-9359	136	8	impact	impact	NOUN
ajfa-9359	136	9	of	of	ADP
ajfa-9359	136	10	size	size	NOUN
ajfa-9359	136	11	of	of	ADP
ajfa-9359	136	12	oil	oil	NOUN
ajfa-9359	136	13	and	and	CCONJ
ajfa-9359	136	14	gas	gas	NOUN
ajfa-9359	136	15	firms	firm	NOUN
ajfa-9359	136	16	on	on	ADP
ajfa-9359	136	17	leverage	leverage	NOUN
ajfa-9359	136	18	.	.	PUNCT
ajfa-9359	137	1	h	h	NOUN
ajfa-9359	137	2	5	5	NUM
ajfa-9359	137	3	:	:	PUNCT
ajfa-9359	137	4	there	there	PRON
ajfa-9359	137	5	is	be	VERB
ajfa-9359	137	6	a	a	DET
ajfa-9359	137	7	negative	negative	ADJ
ajfa-9359	137	8	impact	impact	NOUN
ajfa-9359	137	9	of	of	ADP
ajfa-9359	137	10	liquidity	liquidity	NOUN
ajfa-9359	137	11	of	of	ADP
ajfa-9359	137	12	oil	oil	NOUN
ajfa-9359	137	13	and	and	CCONJ
ajfa-9359	137	14	gas	gas	NOUN
ajfa-9359	137	15	firms	firm	NOUN
ajfa-9359	137	16	on	on	ADP
ajfa-9359	137	17	leverage	leverage	NOUN
ajfa-9359	137	18	.	.	PUNCT
ajfa-9359	138	1	h	h	NOUN
ajfa-9359	138	2	6	6	NUM
ajfa-9359	138	3	:	:	PUNCT
ajfa-9359	138	4	there	there	PRON
ajfa-9359	138	5	is	be	VERB
ajfa-9359	138	6	a	a	DET
ajfa-9359	138	7	negative	negative	ADJ
ajfa-9359	138	8	impact	impact	NOUN
ajfa-9359	138	9	of	of	ADP
ajfa-9359	138	10	ndts	ndts	NOUN
ajfa-9359	138	11	of	of	ADP
ajfa-9359	138	12	oil	oil	NOUN
ajfa-9359	138	13	and	and	CCONJ
ajfa-9359	138	14	gas	gas	NOUN
ajfa-9359	138	15	firms	firm	NOUN
ajfa-9359	138	16	on	on	ADP
ajfa-9359	138	17	leverage	leverage	NOUN
ajfa-9359	138	18	.	.	PUNCT
ajfa-9359	139	1	h7	h7	NOUN
ajfa-9359	139	2	:	:	PUNCT
ajfa-9359	139	3	there	there	PRON
ajfa-9359	139	4	is	be	VERB
ajfa-9359	139	5	a	a	DET
ajfa-9359	139	6	strong	strong	ADJ
ajfa-9359	139	7	impact	impact	NOUN
ajfa-9359	139	8	of	of	ADP
ajfa-9359	139	9	the	the	DET
ajfa-9359	139	10	global	global	ADJ
ajfa-9359	139	11	financial	financial	ADJ
ajfa-9359	139	12	crisis	crisis	NOUN
ajfa-9359	139	13	in	in	ADP
ajfa-9359	139	14	the	the	DET
ajfa-9359	139	15	period	period	NOUN
ajfa-9359	139	16	of	of	ADP
ajfa-9359	139	17	2007	2007	NUM
ajfa-9359	139	18	-	-	SYM
ajfa-9359	139	19	2009	2009	NUM
ajfa-9359	139	20	on	on	ADP
ajfa-9359	139	21	the	the	DET
ajfa-9359	139	22	capital	capital	NOUN
ajfa-9359	139	23	structure	structure	NOUN
ajfa-9359	139	24	determinant	determinant	ADJ
ajfa-9359	139	25	of	of	ADP
ajfa-9359	139	26	oil	oil	NOUN
ajfa-9359	139	27	and	and	CCONJ
ajfa-9359	139	28	gas	gas	NOUN
ajfa-9359	139	29	firms	firm	NOUN
ajfa-9359	139	30	,	,	PUNCT
ajfa-9359	139	31	assets	asset	NOUN
ajfa-9359	139	32	tangibility	tangibility	NOUN
ajfa-9359	139	33	.	.	PUNCT
ajfa-9359	140	1	h8	h8	PROPN
ajfa-9359	140	2	:	:	PUNCT
ajfa-9359	140	3	there	there	PRON
ajfa-9359	140	4	is	be	VERB
ajfa-9359	140	5	a	a	DET
ajfa-9359	140	6	strong	strong	ADJ
ajfa-9359	140	7	impact	impact	NOUN
ajfa-9359	140	8	of	of	ADP
ajfa-9359	140	9	the	the	DET
ajfa-9359	140	10	global	global	ADJ
ajfa-9359	140	11	financial	financial	ADJ
ajfa-9359	140	12	crisis	crisis	NOUN
ajfa-9359	140	13	in	in	ADP
ajfa-9359	140	14	the	the	DET
ajfa-9359	140	15	period	period	NOUN
ajfa-9359	140	16	of	of	ADP
ajfa-9359	140	17	2007	2007	NUM
ajfa-9359	140	18	-	-	SYM
ajfa-9359	140	19	2009	2009	NUM
ajfa-9359	140	20	on	on	ADP
ajfa-9359	140	21	the	the	DET
ajfa-9359	140	22	capital	capital	NOUN
ajfa-9359	140	23	structure	structure	NOUN
ajfa-9359	140	24	determinant	determinant	ADJ
ajfa-9359	140	25	of	of	ADP
ajfa-9359	140	26	oil	oil	NOUN
ajfa-9359	140	27	and	and	CCONJ
ajfa-9359	140	28	gas	gas	NOUN
ajfa-9359	140	29	firms	firm	NOUN
ajfa-9359	140	30	,	,	PUNCT
ajfa-9359	140	31	profitability	profitability	NOUN
ajfa-9359	140	32	.	.	PUNCT
ajfa-9359	141	1	h9	h9	NOUN
ajfa-9359	141	2	:	:	PUNCT
ajfa-9359	141	3	there	there	PRON
ajfa-9359	141	4	is	be	VERB
ajfa-9359	141	5	a	a	DET
ajfa-9359	141	6	strong	strong	ADJ
ajfa-9359	141	7	impact	impact	NOUN
ajfa-9359	141	8	of	of	ADP
ajfa-9359	141	9	the	the	DET
ajfa-9359	141	10	global	global	ADJ
ajfa-9359	141	11	financial	financial	ADJ
ajfa-9359	141	12	crisis	crisis	NOUN
ajfa-9359	141	13	in	in	ADP
ajfa-9359	141	14	the	the	DET
ajfa-9359	141	15	period	period	NOUN
ajfa-9359	141	16	of	of	ADP
ajfa-9359	141	17	2007	2007	NUM
ajfa-9359	141	18	-	-	SYM
ajfa-9359	141	19	2009	2009	NUM
ajfa-9359	141	20	on	on	ADP
ajfa-9359	141	21	the	the	DET
ajfa-9359	141	22	capital	capital	NOUN
ajfa-9359	141	23	structure	structure	NOUN
ajfa-9359	141	24	determinant	determinant	ADJ
ajfa-9359	141	25	of	of	ADP
ajfa-9359	141	26	oil	oil	NOUN
ajfa-9359	141	27	and	and	CCONJ
ajfa-9359	141	28	gas	gas	NOUN
ajfa-9359	141	29	firms	firm	NOUN
ajfa-9359	141	30	,	,	PUNCT
ajfa-9359	141	31	growth	growth	NOUN
ajfa-9359	141	32	.	.	PUNCT
ajfa-9359	142	1	h10	h10	NOUN
ajfa-9359	142	2	:	:	PUNCT
ajfa-9359	142	3	there	there	PRON
ajfa-9359	142	4	is	be	VERB
ajfa-9359	142	5	a	a	DET
ajfa-9359	142	6	strong	strong	ADJ
ajfa-9359	142	7	impact	impact	NOUN
ajfa-9359	142	8	of	of	ADP
ajfa-9359	142	9	the	the	DET
ajfa-9359	142	10	global	global	ADJ
ajfa-9359	142	11	financial	financial	ADJ
ajfa-9359	142	12	crisis	crisis	NOUN
ajfa-9359	142	13	in	in	ADP
ajfa-9359	142	14	the	the	DET
ajfa-9359	142	15	period	period	NOUN
ajfa-9359	142	16	of	of	ADP
ajfa-9359	142	17	2007	2007	NUM
ajfa-9359	142	18	-	-	SYM
ajfa-9359	142	19	2009	2009	NUM
ajfa-9359	142	20	on	on	ADP
ajfa-9359	142	21	the	the	DET
ajfa-9359	142	22	capital	capital	NOUN
ajfa-9359	142	23	structure	structure	NOUN
ajfa-9359	142	24	determinant	determinant	ADJ
ajfa-9359	142	25	of	of	ADP
ajfa-9359	142	26	oil	oil	NOUN
ajfa-9359	142	27	and	and	CCONJ
ajfa-9359	142	28	gas	gas	NOUN
ajfa-9359	142	29	firms	firm	NOUN
ajfa-9359	142	30	,	,	PUNCT
ajfa-9359	142	31	size	size	NOUN
ajfa-9359	142	32	.	.	PUNCT
ajfa-9359	143	1	h11	h11	NOUN
ajfa-9359	143	2	:	:	PUNCT
ajfa-9359	143	3	there	there	PRON
ajfa-9359	143	4	is	be	VERB
ajfa-9359	143	5	a	a	DET
ajfa-9359	143	6	strong	strong	ADJ
ajfa-9359	143	7	impact	impact	NOUN
ajfa-9359	143	8	of	of	ADP
ajfa-9359	143	9	the	the	DET
ajfa-9359	143	10	global	global	ADJ
ajfa-9359	143	11	financial	financial	ADJ
ajfa-9359	143	12	crisis	crisis	NOUN
ajfa-9359	143	13	in	in	ADP
ajfa-9359	143	14	the	the	DET
ajfa-9359	143	15	period	period	NOUN
ajfa-9359	143	16	of	of	ADP
ajfa-9359	143	17	2007	2007	NUM
ajfa-9359	143	18	-	-	SYM
ajfa-9359	143	19	2009	2009	NUM
ajfa-9359	143	20	on	on	ADP
ajfa-9359	143	21	the	the	DET
ajfa-9359	143	22	capital	capital	NOUN
ajfa-9359	143	23	structure	structure	NOUN
ajfa-9359	143	24	determinant	determinant	ADJ
ajfa-9359	143	25	of	of	ADP
ajfa-9359	143	26	oil	oil	NOUN
ajfa-9359	143	27	and	and	CCONJ
ajfa-9359	143	28	gas	gas	NOUN
ajfa-9359	143	29	firms	firm	NOUN
ajfa-9359	143	30	,	,	PUNCT
ajfa-9359	143	31	liquidity	liquidity	NOUN
ajfa-9359	143	32	.	.	PUNCT
ajfa-9359	144	1	h12	h12	NOUN
ajfa-9359	144	2	:	:	PUNCT
ajfa-9359	144	3	there	there	PRON
ajfa-9359	144	4	is	be	VERB
ajfa-9359	144	5	a	a	DET
ajfa-9359	144	6	strong	strong	ADJ
ajfa-9359	144	7	impact	impact	NOUN
ajfa-9359	144	8	of	of	ADP
ajfa-9359	144	9	the	the	DET
ajfa-9359	144	10	global	global	ADJ
ajfa-9359	144	11	financial	financial	ADJ
ajfa-9359	144	12	crisis	crisis	NOUN
ajfa-9359	144	13	in	in	ADP
ajfa-9359	144	14	the	the	DET
ajfa-9359	144	15	period	period	NOUN
ajfa-9359	144	16	of	of	ADP
ajfa-9359	144	17	2007	2007	NUM
ajfa-9359	144	18	-	-	SYM
ajfa-9359	144	19	2009	2009	NUM
ajfa-9359	144	20	on	on	ADP
ajfa-9359	144	21	the	the	DET
ajfa-9359	144	22	capital	capital	NOUN
ajfa-9359	144	23	structure	structure	NOUN
ajfa-9359	144	24	determinant	determinant	ADJ
ajfa-9359	144	25	of	of	ADP
ajfa-9359	144	26	oil	oil	NOUN
ajfa-9359	144	27	and	and	CCONJ
ajfa-9359	144	28	gas	gas	NOUN
ajfa-9359	144	29	firms	firm	NOUN
ajfa-9359	144	30	,	,	PUNCT
ajfa-9359	144	31	non	non	ADJ
ajfa-9359	144	32	-	-	ADJ
ajfa-9359	144	33	debt	debt	ADJ
ajfa-9359	144	34	tax	tax	NOUN
ajfa-9359	144	35	shield	shield	NOUN
ajfa-9359	144	36	.	.	PUNCT
ajfa-9359	145	1	h13	h13	PROPN
ajfa-9359	145	2	:	:	PUNCT
ajfa-9359	145	3	there	there	PRON
ajfa-9359	145	4	is	be	VERB
ajfa-9359	145	5	a	a	DET
ajfa-9359	145	6	strong	strong	ADJ
ajfa-9359	145	7	impact	impact	NOUN
ajfa-9359	145	8	of	of	ADP
ajfa-9359	145	9	the	the	DET
ajfa-9359	145	10	global	global	ADJ
ajfa-9359	145	11	financial	financial	ADJ
ajfa-9359	145	12	crisis	crisis	NOUN
ajfa-9359	145	13	in	in	ADP
ajfa-9359	145	14	the	the	DET
ajfa-9359	145	15	period	period	NOUN
ajfa-9359	145	16	of	of	ADP
ajfa-9359	145	17	2007	2007	NUM
ajfa-9359	145	18	-	-	SYM
ajfa-9359	145	19	2009	2009	NUM
ajfa-9359	145	20	on	on	ADP
ajfa-9359	145	21	the	the	DET
ajfa-9359	145	22	capital	capital	NOUN
ajfa-9359	145	23	structure	structure	NOUN
ajfa-9359	145	24	determinant	determinant	ADJ
ajfa-9359	145	25	of	of	ADP
ajfa-9359	145	26	oil	oil	NOUN
ajfa-9359	145	27	and	and	CCONJ
ajfa-9359	145	28	gas	gas	NOUN
ajfa-9359	145	29	firms	firm	NOUN
ajfa-9359	145	30	,	,	PUNCT
ajfa-9359	145	31	age	age	NOUN
ajfa-9359	145	32	.	.	PUNCT
ajfa-9359	146	1	4	4	X
ajfa-9359	146	2	.	.	NOUN
ajfa-9359	146	3	results	result	NOUN
ajfa-9359	146	4	and	and	CCONJ
ajfa-9359	146	5	discussion	discussion	NOUN
ajfa-9359	146	6	4.1	4.1	NUM
ajfa-9359	146	7	data	datum	NOUN
ajfa-9359	146	8	testing	testing	NOUN
ajfa-9359	146	9	in	in	ADP
ajfa-9359	146	10	order	order	NOUN
ajfa-9359	146	11	to	to	PART
ajfa-9359	146	12	ensure	ensure	VERB
ajfa-9359	146	13	that	that	SCONJ
ajfa-9359	146	14	the	the	DET
ajfa-9359	146	15	available	available	ADJ
ajfa-9359	146	16	data	datum	NOUN
ajfa-9359	146	17	of	of	ADP
ajfa-9359	146	18	the	the	DET
ajfa-9359	146	19	study	study	NOUN
ajfa-9359	146	20	present	present	ADJ
ajfa-9359	146	21	reliable	reliable	ADJ
ajfa-9359	146	22	results	result	NOUN
ajfa-9359	146	23	and	and	CCONJ
ajfa-9359	146	24	the	the	DET
ajfa-9359	146	25	model	model	NOUN
ajfa-9359	146	26	used	use	VERB
ajfa-9359	146	27	fits	fit	VERB
ajfa-9359	146	28	the	the	DET
ajfa-9359	146	29	data	datum	NOUN
ajfa-9359	146	30	,	,	PUNCT
ajfa-9359	146	31	three	three	NUM
ajfa-9359	146	32	tests	test	NOUN
ajfa-9359	146	33	are	be	AUX
ajfa-9359	146	34	applied	apply	VERB
ajfa-9359	146	35	,	,	PUNCT
ajfa-9359	146	36	which	which	PRON
ajfa-9359	146	37	are	be	AUX
ajfa-9359	146	38	normality	normality	ADJ
ajfa-9359	146	39	,	,	PUNCT
ajfa-9359	146	40	multicollinearity	multicollinearity	NOUN
ajfa-9359	146	41	and	and	CCONJ
ajfa-9359	146	42	heteroscedasticity	heteroscedasticity	NOUN
ajfa-9359	146	43	tests	test	NOUN
ajfa-9359	146	44	.	.	PUNCT
ajfa-9359	147	1	the	the	DET
ajfa-9359	147	2	three	three	NUM
ajfa-9359	147	3	tests	test	NOUN
ajfa-9359	147	4	are	be	AUX
ajfa-9359	147	5	related	relate	VERB
ajfa-9359	147	6	to	to	ADP
ajfa-9359	147	7	the	the	DET
ajfa-9359	147	8	conventional	conventional	ADJ
ajfa-9359	147	9	linear	linear	PROPN
ajfa-9359	147	10	regression	regression	NOUN
ajfa-9359	147	11	model	model	NOUN
ajfa-9359	147	12	used	use	VERB
ajfa-9359	147	13	for	for	ADP
ajfa-9359	147	14	the	the	DET
ajfa-9359	147	15	selected	select	VERB
ajfa-9359	147	16	data	datum	NOUN
ajfa-9359	147	17	.	.	PUNCT
ajfa-9359	148	1	testing	test	VERB
ajfa-9359	148	2	the	the	DET
ajfa-9359	148	3	data	datum	NOUN
ajfa-9359	148	4	by	by	ADP
ajfa-9359	148	5	these	these	DET
ajfa-9359	148	6	tests	test	NOUN
ajfa-9359	148	7	is	be	AUX
ajfa-9359	148	8	required	require	VERB
ajfa-9359	148	9	since	since	SCONJ
ajfa-9359	148	10	multivariate	multivariate	NOUN
ajfa-9359	148	11	ordinary	ordinary	ADJ
ajfa-9359	148	12	least	least	ADJ
ajfa-9359	148	13	squares	square	NOUN
ajfa-9359	148	14	(	(	PUNCT
ajfa-9359	148	15	ols	ol	NOUN
ajfa-9359	148	16	)	)	PUNCT
ajfa-9359	148	17	is	be	AUX
ajfa-9359	148	18	a	a	DET
ajfa-9359	148	19	technique	technique	NOUN
ajfa-9359	148	20	for	for	ADP
ajfa-9359	148	21	estimation	estimation	NOUN
ajfa-9359	148	22	that	that	PRON
ajfa-9359	148	23	has	have	VERB
ajfa-9359	148	24	many	many	ADJ
ajfa-9359	148	25	desirable	desirable	ADJ
ajfa-9359	148	26	properties	property	NOUN
ajfa-9359	148	27	;	;	PUNCT
ajfa-9359	148	28	data	datum	NOUN
ajfa-9359	148	29	testing	test	VERB
ajfa-9359	148	30	verifies	verifie	NOUN
ajfa-9359	148	31	that	that	SCONJ
ajfa-9359	148	32	the	the	DET
ajfa-9359	148	33	testing	testing	NOUN
ajfa-9359	148	34	of	of	ADP
ajfa-9359	148	35	hypotheses	hypothesis	NOUN
ajfa-9359	148	36	for	for	ADP
ajfa-9359	148	37	the	the	DET
ajfa-9359	148	38	coefficient	coefficient	NOUN
ajfa-9359	148	39	estimations	estimation	NOUN
ajfa-9359	148	40	is	be	AUX
ajfa-9359	148	41	validly	validly	ADV
ajfa-9359	148	42	conducted	conduct	VERB
ajfa-9359	148	43	.	.	PUNCT
ajfa-9359	149	1	4.2	4.2	NUM
ajfa-9359	149	2	descriptive	descriptive	ADJ
ajfa-9359	149	3	statistics	statistic	NOUN
ajfa-9359	149	4	table	table	NOUN
ajfa-9359	149	5	4.4	4.4	NUM
ajfa-9359	149	6	,	,	PUNCT
ajfa-9359	149	7	in	in	ADP
ajfa-9359	149	8	the	the	DET
ajfa-9359	149	9	appendix	appendix	NOUN
ajfa-9359	149	10	,	,	PUNCT
ajfa-9359	149	11	shows	show	VERB
ajfa-9359	149	12	descriptive	descriptive	ADJ
ajfa-9359	149	13	statistics	statistic	NOUN
ajfa-9359	149	14	for	for	ADP
ajfa-9359	149	15	the	the	DET
ajfa-9359	149	16	values	value	NOUN
ajfa-9359	149	17	of	of	ADP
ajfa-9359	149	18	the	the	DET
ajfa-9359	149	19	variables	variable	NOUN
ajfa-9359	149	20	used	use	VERB
ajfa-9359	149	21	after	after	ADP
ajfa-9359	149	22	removal	removal	NOUN
ajfa-9359	149	23	of	of	ADP
ajfa-9359	149	24	extreme	extreme	ADJ
ajfa-9359	149	25	observations	observation	NOUN
ajfa-9359	149	26	in	in	ADP
ajfa-9359	149	27	the	the	DET
ajfa-9359	149	28	data	datum	NOUN
ajfa-9359	149	29	selected	select	VERB
ajfa-9359	149	30	.	.	PUNCT
ajfa-9359	150	1	the	the	DET
ajfa-9359	150	2	data	data	NOUN
ajfa-9359	150	3	is	be	AUX
ajfa-9359	150	4	now	now	ADV
ajfa-9359	150	5	seen	see	VERB
ajfa-9359	150	6	as	as	ADP
ajfa-9359	150	7	disturbed	disturbed	ADJ
ajfa-9359	150	8	,	,	PUNCT
ajfa-9359	150	9	asian	asian	ADJ
ajfa-9359	150	10	journal	journal	NOUN
ajfa-9359	150	11	of	of	ADP
ajfa-9359	150	12	finance	finance	PROPN
ajfa-9359	150	13	&	&	CCONJ
ajfa-9359	150	14	accounting	accounting	PROPN
ajfa-9359	150	15	issn	issn	PROPN
ajfa-9359	150	16	1946	1946	NUM
ajfa-9359	150	17	-	-	PUNCT
ajfa-9359	150	18	052x	052x	PROPN
ajfa-9359	150	19	2017	2017	NUM
ajfa-9359	150	20	,	,	PUNCT
ajfa-9359	150	21	vol	vol	NOUN
ajfa-9359	150	22	.	.	NOUN
ajfa-9359	151	1	9	9	NUM
ajfa-9359	151	2	,	,	PUNCT
ajfa-9359	151	3	no	no	INTJ
ajfa-9359	151	4	.	.	NOUN
ajfa-9359	151	5	1	1	NUM
ajfa-9359	151	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	151	7	11	11	NUM
ajfa-9359	151	8	since	since	SCONJ
ajfa-9359	151	9	removal	removal	NOUN
ajfa-9359	151	10	of	of	ADP
ajfa-9359	151	11	some	some	DET
ajfa-9359	151	12	estimations	estimation	NOUN
ajfa-9359	151	13	leads	lead	VERB
ajfa-9359	151	14	to	to	ADP
ajfa-9359	151	15	an	an	DET
ajfa-9359	151	16	irregular	irregular	ADJ
ajfa-9359	151	17	distribution	distribution	NOUN
ajfa-9359	151	18	.	.	PUNCT
ajfa-9359	152	1	in	in	ADP
ajfa-9359	152	2	table	table	NOUN
ajfa-9359	152	3	4.4	4.4	NUM
ajfa-9359	152	4	,	,	PUNCT
ajfa-9359	152	5	contains	contain	VERB
ajfa-9359	152	6	the	the	DET
ajfa-9359	152	7	following	follow	VERB
ajfa-9359	152	8	information	information	NOUN
ajfa-9359	152	9	:	:	PUNCT
ajfa-9359	152	10	the	the	DET
ajfa-9359	152	11	number	number	NOUN
ajfa-9359	152	12	of	of	ADP
ajfa-9359	152	13	observations	observation	NOUN
ajfa-9359	152	14	,	,	PUNCT
ajfa-9359	152	15	number	number	NOUN
ajfa-9359	152	16	of	of	ADP
ajfa-9359	152	17	firms	firm	NOUN
ajfa-9359	152	18	,	,	PUNCT
ajfa-9359	152	19	mean	mean	ADJ
ajfa-9359	152	20	,	,	PUNCT
ajfa-9359	152	21	median	median	ADJ
ajfa-9359	152	22	,	,	PUNCT
ajfa-9359	152	23	standard	standard	ADJ
ajfa-9359	152	24	deviation	deviation	NOUN
ajfa-9359	152	25	,	,	PUNCT
ajfa-9359	152	26	minimum	minimum	NOUN
ajfa-9359	152	27	and	and	CCONJ
ajfa-9359	152	28	maximum	maximum	ADJ
ajfa-9359	152	29	of	of	ADP
ajfa-9359	152	30	one	one	NUM
ajfa-9359	152	31	dependent	dependent	ADJ
ajfa-9359	152	32	variable	variable	NOUN
ajfa-9359	152	33	(	(	PUNCT
ajfa-9359	152	34	tda	tda	NOUN
ajfa-9359	152	35	)	)	PUNCT
ajfa-9359	152	36	and	and	CCONJ
ajfa-9359	152	37	seven	seven	NUM
ajfa-9359	152	38	explanatory	explanatory	ADJ
ajfa-9359	152	39	variables	variable	NOUN
ajfa-9359	152	40	which	which	PRON
ajfa-9359	152	41	are	be	AUX
ajfa-9359	152	42	:	:	PUNCT
ajfa-9359	152	43	tangibility	tangibility	NOUN
ajfa-9359	152	44	,	,	PUNCT
ajfa-9359	152	45	profitability	profitability	NOUN
ajfa-9359	152	46	,	,	PUNCT
ajfa-9359	152	47	growth	growth	NOUN
ajfa-9359	152	48	,	,	PUNCT
ajfa-9359	152	49	size	size	NOUN
ajfa-9359	152	50	,	,	PUNCT
ajfa-9359	152	51	liquidity	liquidity	NOUN
ajfa-9359	152	52	and	and	CCONJ
ajfa-9359	152	53	ndts	ndts	NOUN
ajfa-9359	152	54	.	.	PUNCT
ajfa-9359	153	1	the	the	DET
ajfa-9359	153	2	data	data	NOUN
ajfa-9359	153	3	consists	consist	VERB
ajfa-9359	153	4	of	of	ADP
ajfa-9359	153	5	a	a	DET
ajfa-9359	153	6	panel	panel	NOUN
ajfa-9359	153	7	of	of	ADP
ajfa-9359	153	8	346	346	NUM
ajfa-9359	153	9	firms	firm	NOUN
ajfa-9359	153	10	.	.	PUNCT
ajfa-9359	154	1	o	o	X
ajfa-9359	154	2	the	the	DET
ajfa-9359	154	3	total	total	ADJ
ajfa-9359	154	4	debt	debt	NOUN
ajfa-9359	154	5	ratio	ratio	NOUN
ajfa-9359	154	6	(	(	PUNCT
ajfa-9359	154	7	tda	tda	NOUN
ajfa-9359	154	8	)	)	PUNCT
ajfa-9359	154	9	,	,	PUNCT
ajfa-9359	154	10	which	which	PRON
ajfa-9359	154	11	is	be	AUX
ajfa-9359	154	12	“	"	PUNCT
ajfa-9359	154	13	the	the	DET
ajfa-9359	154	14	average	average	ADJ
ajfa-9359	154	15	ratio	ratio	NOUN
ajfa-9359	154	16	of	of	ADP
ajfa-9359	154	17	total	total	ADJ
ajfa-9359	154	18	debt	debt	NOUN
ajfa-9359	154	19	to	to	ADP
ajfa-9359	154	20	book	book	NOUN
ajfa-9359	154	21	value	value	NOUN
ajfa-9359	154	22	of	of	ADP
ajfa-9359	154	23	total	total	ADJ
ajfa-9359	154	24	assets	asset	NOUN
ajfa-9359	154	25	”	"	PUNCT
ajfa-9359	154	26	of	of	ADP
ajfa-9359	154	27	oil	oil	NOUN
ajfa-9359	154	28	and	and	CCONJ
ajfa-9359	154	29	gas	gas	NOUN
ajfa-9359	154	30	firms	firm	NOUN
ajfa-9359	154	31	is	be	AUX
ajfa-9359	154	32	found	find	VERB
ajfa-9359	154	33	to	to	PART
ajfa-9359	154	34	be	be	AUX
ajfa-9359	154	35	0.2457	0.2457	NUM
ajfa-9359	154	36	,	,	PUNCT
ajfa-9359	154	37	which	which	PRON
ajfa-9359	154	38	means	mean	VERB
ajfa-9359	154	39	that	that	SCONJ
ajfa-9359	154	40	only	only	ADV
ajfa-9359	154	41	24.6	24.6	NUM
ajfa-9359	154	42	%	%	NOUN
ajfa-9359	154	43	of	of	ADP
ajfa-9359	154	44	the	the	DET
ajfa-9359	154	45	firms	firm	NOUN
ajfa-9359	154	46	’	’	PART
ajfa-9359	154	47	funds	fund	NOUN
ajfa-9359	154	48	is	be	AUX
ajfa-9359	154	49	provided	provide	VERB
ajfa-9359	154	50	by	by	ADP
ajfa-9359	154	51	borrowing	borrowing	NOUN
ajfa-9359	154	52	and	and	CCONJ
ajfa-9359	154	53	the	the	DET
ajfa-9359	154	54	other	other	ADJ
ajfa-9359	154	55	75.4	75.4	NUM
ajfa-9359	154	56	%	%	NOUN
ajfa-9359	154	57	is	be	AUX
ajfa-9359	154	58	provided	provide	VERB
ajfa-9359	154	59	by	by	ADP
ajfa-9359	154	60	other	other	ADJ
ajfa-9359	154	61	financing	financing	NOUN
ajfa-9359	154	62	sources	source	NOUN
ajfa-9359	154	63	.	.	PUNCT
ajfa-9359	155	1	it	it	PRON
ajfa-9359	155	2	can	can	AUX
ajfa-9359	155	3	be	be	AUX
ajfa-9359	155	4	said	say	VERB
ajfa-9359	155	5	that	that	SCONJ
ajfa-9359	155	6	the	the	DET
ajfa-9359	155	7	capital	capital	NOUN
ajfa-9359	155	8	structure	structure	NOUN
ajfa-9359	155	9	of	of	ADP
ajfa-9359	155	10	the	the	DET
ajfa-9359	155	11	selected	select	VERB
ajfa-9359	155	12	firms	firm	NOUN
ajfa-9359	155	13	is	be	AUX
ajfa-9359	155	14	not	not	PART
ajfa-9359	155	15	heavily	heavily	ADV
ajfa-9359	155	16	dependent	dependent	ADJ
ajfa-9359	155	17	on	on	ADP
ajfa-9359	155	18	debt.according	debt.accorde	VERB
ajfa-9359	155	19	to	to	PART
ajfa-9359	155	20	frank	frank	VERB
ajfa-9359	155	21	and	and	CCONJ
ajfa-9359	155	22	goyal	goyal	PROPN
ajfa-9359	155	23	(	(	PUNCT
ajfa-9359	155	24	2009	2009	NUM
ajfa-9359	155	25	)	)	PUNCT
ajfa-9359	155	26	,	,	PUNCT
ajfa-9359	155	27	getting	get	VERB
ajfa-9359	155	28	an	an	DET
ajfa-9359	155	29	average	average	ADJ
ajfa-9359	155	30	leverage	leverage	NOUN
ajfa-9359	155	31	at	at	ADP
ajfa-9359	155	32	book	book	NOUN
ajfa-9359	155	33	value	value	NOUN
ajfa-9359	155	34	of	of	ADP
ajfa-9359	155	35	0.29	0.29	NUM
ajfa-9359	155	36	%	%	NOUN
ajfa-9359	155	37	means	mean	VERB
ajfa-9359	155	38	that	that	SCONJ
ajfa-9359	155	39	the	the	DET
ajfa-9359	155	40	firms	firm	NOUN
ajfa-9359	155	41	investigated	investigate	VERB
ajfa-9359	155	42	are	be	AUX
ajfa-9359	155	43	fairly	fairly	ADV
ajfa-9359	155	44	low	low	ADJ
ajfa-9359	155	45	leveraged	leveraged	ADJ
ajfa-9359	155	46	.	.	PUNCT
ajfa-9359	156	1	o	o	X
ajfa-9359	156	2	the	the	DET
ajfa-9359	156	3	asset	asset	NOUN
ajfa-9359	156	4	tangibility	tangibility	NOUN
ajfa-9359	156	5	mean	mean	VERB
ajfa-9359	156	6	is	be	AUX
ajfa-9359	156	7	found	find	VERB
ajfa-9359	156	8	to	to	PART
ajfa-9359	156	9	be	be	AUX
ajfa-9359	156	10	52.3	52.3	NUM
ajfa-9359	156	11	%	%	NOUN
ajfa-9359	156	12	,	,	PUNCT
ajfa-9359	156	13	which	which	PRON
ajfa-9359	156	14	indicates	indicate	VERB
ajfa-9359	156	15	that	that	SCONJ
ajfa-9359	156	16	the	the	DET
ajfa-9359	156	17	oil	oil	NOUN
ajfa-9359	156	18	and	and	CCONJ
ajfa-9359	156	19	gas	gas	NOUN
ajfa-9359	156	20	fixed	fix	VERB
ajfa-9359	156	21	assets	asset	NOUN
ajfa-9359	156	22	represent	represent	VERB
ajfa-9359	156	23	52.3	52.3	NUM
ajfa-9359	156	24	%	%	NOUN
ajfa-9359	156	25	of	of	ADP
ajfa-9359	156	26	the	the	DET
ajfa-9359	156	27	total	total	ADJ
ajfa-9359	156	28	assets	asset	NOUN
ajfa-9359	156	29	,	,	PUNCT
ajfa-9359	156	30	since	since	SCONJ
ajfa-9359	156	31	the	the	DET
ajfa-9359	156	32	business	business	NOUN
ajfa-9359	156	33	nature	nature	NOUN
ajfa-9359	156	34	of	of	ADP
ajfa-9359	156	35	oil	oil	NOUN
ajfa-9359	156	36	and	and	CCONJ
ajfa-9359	156	37	gas	gas	NOUN
ajfa-9359	156	38	business	business	NOUN
ajfa-9359	156	39	is	be	AUX
ajfa-9359	156	40	distinguished	distinguish	VERB
ajfa-9359	156	41	by	by	ADP
ajfa-9359	156	42	having	have	VERB
ajfa-9359	156	43	high	high	ADJ
ajfa-9359	156	44	fixed	fix	VERB
ajfa-9359	156	45	assets	asset	NOUN
ajfa-9359	156	46	.	.	PUNCT
ajfa-9359	157	1	tangibility	tangibility	NOUN
ajfa-9359	157	2	of	of	ADP
ajfa-9359	157	3	the	the	DET
ajfa-9359	157	4	oil	oil	NOUN
ajfa-9359	157	5	and	and	CCONJ
ajfa-9359	157	6	gas	gas	NOUN
ajfa-9359	157	7	firms	firm	NOUN
ajfa-9359	157	8	is	be	AUX
ajfa-9359	157	9	measured	measure	VERB
ajfa-9359	157	10	by	by	ADP
ajfa-9359	157	11	the	the	DET
ajfa-9359	157	12	ratio	ratio	NOUN
ajfa-9359	157	13	of	of	ADP
ajfa-9359	157	14	fixed	fix	VERB
ajfa-9359	157	15	assets	asset	NOUN
ajfa-9359	157	16	to	to	ADP
ajfa-9359	157	17	total	total	ADJ
ajfa-9359	157	18	assets	asset	NOUN
ajfa-9359	157	19	.	.	PUNCT
ajfa-9359	158	1	o	o	X
ajfa-9359	158	2	the	the	DET
ajfa-9359	158	3	annual	annual	ADJ
ajfa-9359	158	4	average	average	NOUN
ajfa-9359	158	5	of	of	ADP
ajfa-9359	158	6	profitability	profitability	NOUN
ajfa-9359	158	7	of	of	ADP
ajfa-9359	158	8	the	the	DET
ajfa-9359	158	9	oil	oil	NOUN
ajfa-9359	158	10	and	and	CCONJ
ajfa-9359	158	11	gas	gas	NOUN
ajfa-9359	158	12	firms	firm	NOUN
ajfa-9359	158	13	investigated	investigate	VERB
ajfa-9359	158	14	is	be	AUX
ajfa-9359	158	15	found	find	VERB
ajfa-9359	158	16	to	to	PART
ajfa-9359	158	17	be	be	AUX
ajfa-9359	158	18	9.2	9.2	NUM
ajfa-9359	158	19	%	%	NOUN
ajfa-9359	158	20	.	.	PUNCT
ajfa-9359	159	1	because	because	SCONJ
ajfa-9359	159	2	the	the	DET
ajfa-9359	159	3	ratio	ratio	NOUN
ajfa-9359	159	4	of	of	ADP
ajfa-9359	159	5	earnings	earning	NOUN
ajfa-9359	159	6	before	before	ADP
ajfa-9359	159	7	interest	interest	NOUN
ajfa-9359	159	8	,	,	PUNCT
ajfa-9359	159	9	tax	tax	NOUN
ajfa-9359	159	10	and	and	CCONJ
ajfa-9359	159	11	depreciation	depreciation	NOUN
ajfa-9359	159	12	(	(	PUNCT
ajfa-9359	159	13	ebitd)to	ebitd)to	NOUN
ajfa-9359	159	14	total	total	NOUN
ajfa-9359	159	15	assets	asset	NOUN
ajfa-9359	159	16	is	be	AUX
ajfa-9359	159	17	used	use	VERB
ajfa-9359	159	18	as	as	ADP
ajfa-9359	159	19	a	a	DET
ajfa-9359	159	20	proxy	proxy	NOUN
ajfa-9359	159	21	to	to	PART
ajfa-9359	159	22	measure	measure	VERB
ajfa-9359	159	23	profitability	profitability	NOUN
ajfa-9359	159	24	,	,	PUNCT
ajfa-9359	159	25	the	the	DET
ajfa-9359	159	26	maximum	maximum	ADJ
ajfa-9359	159	27	average	average	ADJ
ajfa-9359	159	28	profitability	profitability	NOUN
ajfa-9359	159	29	rate	rate	NOUN
ajfa-9359	159	30	is	be	AUX
ajfa-9359	159	31	4	4	NUM
ajfa-9359	159	32	%	%	NOUN
ajfa-9359	159	33	while	while	SCONJ
ajfa-9359	159	34	the	the	DET
ajfa-9359	159	35	lowest	low	ADJ
ajfa-9359	159	36	recorded	record	VERB
ajfa-9359	159	37	average	average	ADJ
ajfa-9359	159	38	profitability	profitability	NOUN
ajfa-9359	159	39	rate	rate	NOUN
ajfa-9359	159	40	is	be	AUX
ajfa-9359	159	41	-2.2	-2.2	NUM
ajfa-9359	159	42	%	%	NOUN
ajfa-9359	159	43	,	,	PUNCT
ajfa-9359	159	44	which	which	PRON
ajfa-9359	159	45	indicates	indicate	VERB
ajfa-9359	159	46	that	that	SCONJ
ajfa-9359	159	47	the	the	DET
ajfa-9359	159	48	firms	firm	NOUN
ajfa-9359	159	49	have	have	VERB
ajfa-9359	159	50	a	a	DET
ajfa-9359	159	51	constant	constant	ADJ
ajfa-9359	159	52	profitability	profitability	NOUN
ajfa-9359	159	53	rate	rate	NOUN
ajfa-9359	159	54	every	every	DET
ajfa-9359	159	55	year	year	NOUN
ajfa-9359	159	56	.	.	PUNCT
ajfa-9359	160	1	o	o	X
ajfa-9359	160	2	the	the	DET
ajfa-9359	160	3	size	size	NOUN
ajfa-9359	160	4	proxy	proxy	NOUN
ajfa-9359	160	5	used	use	VERB
ajfa-9359	160	6	in	in	ADP
ajfa-9359	160	7	this	this	DET
ajfa-9359	160	8	study	study	NOUN
ajfa-9359	160	9	is	be	AUX
ajfa-9359	160	10	the	the	DET
ajfa-9359	160	11	assets	asset	NOUN
ajfa-9359	160	12	logarithm	logarithm	NOUN
ajfa-9359	160	13	.	.	PUNCT
ajfa-9359	161	1	consequently	consequently	ADV
ajfa-9359	161	2	,	,	PUNCT
ajfa-9359	161	3	the	the	DET
ajfa-9359	161	4	mean	mean	ADJ
ajfa-9359	161	5	,	,	PUNCT
ajfa-9359	161	6	maximum	maximum	ADJ
ajfa-9359	161	7	and	and	CCONJ
ajfa-9359	161	8	minimum	minimum	ADJ
ajfa-9359	161	9	statistics	statistic	NOUN
ajfa-9359	161	10	make	make	VERB
ajfa-9359	161	11	slight	slight	ADJ
ajfa-9359	161	12	economic	economic	ADJ
ajfa-9359	161	13	sense	sense	NOUN
ajfa-9359	161	14	.	.	PUNCT
ajfa-9359	162	1	nevertheless	nevertheless	ADV
ajfa-9359	162	2	,	,	PUNCT
ajfa-9359	162	3	a	a	DET
ajfa-9359	162	4	bench	bench	NOUN
ajfa-9359	162	5	mark	mark	NOUN
ajfa-9359	162	6	variation	variation	NOUN
ajfa-9359	162	7	of	of	ADP
ajfa-9359	162	8	2.687	2.687	NUM
ajfa-9359	162	9	reveals	reveal	VERB
ajfa-9359	162	10	great	great	ADJ
ajfa-9359	162	11	dissimilarities	dissimilarity	NOUN
ajfa-9359	162	12	in	in	ADP
ajfa-9359	162	13	size	size	NOUN
ajfa-9359	162	14	between	between	ADP
ajfa-9359	162	15	the	the	DET
ajfa-9359	162	16	investigated	investigate	VERB
ajfa-9359	162	17	firms	firm	NOUN
ajfa-9359	162	18	.	.	PUNCT
ajfa-9359	163	1	o	o	X
ajfa-9359	163	2	liquidity	liquidity	NOUN
ajfa-9359	163	3	,	,	PUNCT
ajfa-9359	163	4	which	which	PRON
ajfa-9359	163	5	is	be	AUX
ajfa-9359	163	6	defined	define	VERB
ajfa-9359	163	7	as	as	ADP
ajfa-9359	163	8	the	the	DET
ajfa-9359	163	9	ratio	ratio	NOUN
ajfa-9359	163	10	of	of	ADP
ajfa-9359	163	11	current	current	ADJ
ajfa-9359	163	12	assets	asset	NOUN
ajfa-9359	163	13	over	over	ADP
ajfa-9359	163	14	current	current	ADJ
ajfa-9359	163	15	liabilities	liability	NOUN
ajfa-9359	163	16	,	,	PUNCT
ajfa-9359	163	17	is	be	AUX
ajfa-9359	163	18	more	more	ADJ
ajfa-9359	163	19	than	than	ADP
ajfa-9359	163	20	1.5	1.5	NUM
ajfa-9359	163	21	,	,	PUNCT
ajfa-9359	163	22	indicating	indicate	VERB
ajfa-9359	163	23	that	that	SCONJ
ajfa-9359	163	24	the	the	DET
ajfa-9359	163	25	firms	firm	NOUN
ajfa-9359	163	26	have	have	VERB
ajfa-9359	163	27	some	some	DET
ajfa-9359	163	28	strength	strength	NOUN
ajfa-9359	163	29	in	in	ADP
ajfa-9359	163	30	facing	face	VERB
ajfa-9359	163	31	financial	financial	ADJ
ajfa-9359	163	32	distress	distress	NOUN
ajfa-9359	163	33	because	because	SCONJ
ajfa-9359	163	34	of	of	ADP
ajfa-9359	163	35	this	this	DET
ajfa-9359	163	36	amount	amount	NOUN
ajfa-9359	163	37	of	of	ADP
ajfa-9359	163	38	liquidity	liquidity	NOUN
ajfa-9359	163	39	and	and	CCONJ
ajfa-9359	163	40	that	that	SCONJ
ajfa-9359	163	41	they	they	PRON
ajfa-9359	163	42	have	have	VERB
ajfa-9359	163	43	the	the	DET
ajfa-9359	163	44	ability	ability	NOUN
ajfa-9359	163	45	to	to	PART
ajfa-9359	163	46	meet	meet	VERB
ajfa-9359	163	47	this	this	DET
ajfa-9359	163	48	obligation	obligation	NOUN
ajfa-9359	163	49	.	.	PUNCT
ajfa-9359	164	1	since	since	SCONJ
ajfa-9359	164	2	the	the	DET
ajfa-9359	164	3	selected	select	VERB
ajfa-9359	164	4	firms	firm	NOUN
ajfa-9359	164	5	are	be	AUX
ajfa-9359	164	6	from	from	ADP
ajfa-9359	164	7	the	the	DET
ajfa-9359	164	8	oil	oil	NOUN
ajfa-9359	164	9	and	and	CCONJ
ajfa-9359	164	10	gas	gas	NOUN
ajfa-9359	164	11	industry	industry	NOUN
ajfa-9359	164	12	,	,	PUNCT
ajfa-9359	164	13	it	it	PRON
ajfa-9359	164	14	is	be	AUX
ajfa-9359	164	15	expected	expect	VERB
ajfa-9359	164	16	that	that	SCONJ
ajfa-9359	164	17	they	they	PRON
ajfa-9359	164	18	have	have	VERB
ajfa-9359	164	19	relatively	relatively	ADV
ajfa-9359	164	20	high	high	ADJ
ajfa-9359	164	21	fixed	fix	VERB
ajfa-9359	164	22	assets	asset	NOUN
ajfa-9359	164	23	.	.	PUNCT
ajfa-9359	165	1	therefore	therefore	ADV
ajfa-9359	165	2	,	,	PUNCT
ajfa-9359	165	3	for	for	ADP
ajfa-9359	165	4	every	every	DET
ajfa-9359	165	5	one	one	NUM
ajfa-9359	165	6	unit	unit	NOUN
ajfa-9359	165	7	of	of	ADP
ajfa-9359	165	8	current	current	ADJ
ajfa-9359	165	9	liabilities	liability	NOUN
ajfa-9359	165	10	,	,	PUNCT
ajfa-9359	165	11	firms	firm	NOUN
ajfa-9359	165	12	are	be	AUX
ajfa-9359	165	13	found	find	VERB
ajfa-9359	165	14	to	to	PART
ajfa-9359	165	15	have	have	VERB
ajfa-9359	165	16	1.78	1.78	NUM
ajfa-9359	165	17	unit	unit	NOUN
ajfa-9359	165	18	of	of	ADP
ajfa-9359	165	19	current	current	ADJ
ajfa-9359	165	20	assets	asset	NOUN
ajfa-9359	165	21	in	in	ADP
ajfa-9359	165	22	order	order	NOUN
ajfa-9359	165	23	to	to	PART
ajfa-9359	165	24	cover	cover	VERB
ajfa-9359	165	25	their	their	PRON
ajfa-9359	165	26	short	short	ADJ
ajfa-9359	165	27	-	-	PUNCT
ajfa-9359	165	28	term	term	NOUN
ajfa-9359	165	29	liabilities	liability	NOUN
ajfa-9359	165	30	.	.	PUNCT
ajfa-9359	166	1	in	in	ADP
ajfa-9359	166	2	ozkan	ozkan	PROPN
ajfa-9359	166	3	’s	’s	PART
ajfa-9359	166	4	(	(	PUNCT
ajfa-9359	166	5	2001	2001	NUM
ajfa-9359	166	6	)	)	PUNCT
ajfa-9359	166	7	study	study	NOUN
ajfa-9359	166	8	,	,	PUNCT
ajfa-9359	166	9	the	the	DET
ajfa-9359	166	10	achieved	achieve	VERB
ajfa-9359	166	11	liquidity	liquidity	NOUN
ajfa-9359	166	12	ratio	ratio	NOUN
ajfa-9359	166	13	of	of	ADP
ajfa-9359	166	14	it	it	PRON
ajfa-9359	166	15	’s	’	VERB
ajfa-9359	166	16	the	the	DET
ajfa-9359	166	17	sample	sample	NOUN
ajfa-9359	166	18	is	be	AUX
ajfa-9359	166	19	found	find	VERB
ajfa-9359	166	20	to	to	PART
ajfa-9359	166	21	be	be	AUX
ajfa-9359	166	22	1.64	1.64	NUM
ajfa-9359	166	23	of	of	ADP
ajfa-9359	166	24	current	current	ADJ
ajfa-9359	166	25	assets	asset	NOUN
ajfa-9359	166	26	,	,	PUNCT
ajfa-9359	166	27	which	which	PRON
ajfa-9359	166	28	suggests	suggest	VERB
ajfa-9359	166	29	that	that	SCONJ
ajfa-9359	166	30	,	,	PUNCT
ajfa-9359	166	31	by	by	ADP
ajfa-9359	166	32	comparison	comparison	NOUN
ajfa-9359	166	33	,	,	PUNCT
ajfa-9359	166	34	oil	oil	NOUN
ajfa-9359	166	35	and	and	CCONJ
ajfa-9359	166	36	gas	gas	NOUN
ajfa-9359	166	37	firms	firm	NOUN
ajfa-9359	166	38	are	be	AUX
ajfa-9359	166	39	to	to	ADP
ajfa-9359	166	40	some	some	DET
ajfa-9359	166	41	extent	extent	NOUN
ajfa-9359	166	42	better	well	ADV
ajfa-9359	166	43	at	at	ADP
ajfa-9359	166	44	meeting	meet	VERB
ajfa-9359	166	45	their	their	PRON
ajfa-9359	166	46	short	short	ADJ
ajfa-9359	166	47	-	-	PUNCT
ajfa-9359	166	48	term	term	NOUN
ajfa-9359	166	49	obligations	obligation	NOUN
ajfa-9359	166	50	.	.	PUNCT
ajfa-9359	167	1	o	o	X
ajfa-9359	167	2	the	the	DET
ajfa-9359	167	3	mean	mean	NOUN
ajfa-9359	167	4	of	of	ADP
ajfa-9359	167	5	non	non	ADJ
ajfa-9359	167	6	-	-	ADJ
ajfa-9359	167	7	debt	debt	ADJ
ajfa-9359	167	8	tax	tax	NOUN
ajfa-9359	167	9	shield	shield	NOUN
ajfa-9359	167	10	is	be	AUX
ajfa-9359	167	11	found	find	VERB
ajfa-9359	167	12	to	to	PART
ajfa-9359	167	13	be	be	AUX
ajfa-9359	167	14	0.047	0.047	NUM
ajfa-9359	167	15	.	.	PUNCT
ajfa-9359	168	1	this	this	DET
ajfa-9359	168	2	finding	finding	NOUN
ajfa-9359	168	3	is	be	AUX
ajfa-9359	168	4	somewhat	somewhat	ADV
ajfa-9359	168	5	higher	high	ADJ
ajfa-9359	168	6	than	than	ADP
ajfa-9359	168	7	the	the	DET
ajfa-9359	168	8	mean	mean	NOUN
ajfa-9359	168	9	of	of	ADP
ajfa-9359	168	10	0.036	0.036	NUM
ajfa-9359	168	11	found	find	VERB
ajfa-9359	168	12	by	by	ADP
ajfa-9359	168	13	ozkan	ozkan	NOUN
ajfa-9359	168	14	(	(	PUNCT
ajfa-9359	168	15	2001	2001	NUM
ajfa-9359	168	16	)	)	PUNCT
ajfa-9359	168	17	although	although	SCONJ
ajfa-9359	168	18	this	this	DET
ajfa-9359	168	19	study	study	NOUN
ajfa-9359	168	20	applies	apply	VERB
ajfa-9359	168	21	the	the	DET
ajfa-9359	168	22	same	same	ADJ
ajfa-9359	168	23	standard	standard	ADJ
ajfa-9359	168	24	deviation	deviation	NOUN
ajfa-9359	168	25	used	use	VERB
ajfa-9359	168	26	by	by	ADP
ajfa-9359	168	27	ozkan	ozkan	NOUN
ajfa-9359	168	28	(	(	PUNCT
ajfa-9359	168	29	2001	2001	NUM
ajfa-9359	168	30	)	)	PUNCT
ajfa-9359	168	31	,	,	PUNCT
ajfa-9359	168	32	who	who	PRON
ajfa-9359	168	33	reports	report	VERB
ajfa-9359	168	34	a	a	DET
ajfa-9359	168	35	non	non	ADJ
ajfa-9359	168	36	-	-	ADJ
ajfa-9359	168	37	debt	debt	ADJ
ajfa-9359	168	38	tax	tax	NOUN
ajfa-9359	168	39	shield	shield	NOUN
ajfa-9359	168	40	isof0.020	isof0.020	PROPN
ajfa-9359	168	41	,	,	PUNCT
ajfa-9359	168	42	which	which	PRON
ajfa-9359	168	43	is	be	AUX
ajfa-9359	168	44	lower	low	ADJ
ajfa-9359	168	45	than	than	ADP
ajfa-9359	168	46	what	what	PRON
ajfa-9359	168	47	is	be	AUX
ajfa-9359	168	48	found	find	VERB
ajfa-9359	168	49	in	in	ADP
ajfa-9359	168	50	this	this	DET
ajfa-9359	168	51	study	study	NOUN
ajfa-9359	168	52	.	.	PUNCT
ajfa-9359	169	1	4.3	4.3	NUM
ajfa-9359	169	2	correlation	correlation	NOUN
ajfa-9359	169	3	analysis	analysis	NOUN
ajfa-9359	169	4	regression	regression	NOUN
ajfa-9359	169	5	and	and	CCONJ
ajfa-9359	169	6	correlation	correlation	NOUN
ajfa-9359	169	7	analyses	analysis	NOUN
ajfa-9359	169	8	are	be	AUX
ajfa-9359	169	9	considered	consider	VERB
ajfa-9359	169	10	to	to	PART
ajfa-9359	169	11	be	be	AUX
ajfa-9359	169	12	related	relate	VERB
ajfa-9359	169	13	to	to	ADP
ajfa-9359	169	14	each	each	DET
ajfa-9359	169	15	other	other	ADJ
ajfa-9359	169	16	because	because	SCONJ
ajfa-9359	169	17	they	they	PRON
ajfa-9359	169	18	are	be	AUX
ajfa-9359	169	19	both	both	ADV
ajfa-9359	169	20	concerned	concerned	ADJ
ajfa-9359	169	21	with	with	ADP
ajfa-9359	169	22	relationships	relationship	NOUN
ajfa-9359	169	23	among	among	ADP
ajfa-9359	169	24	variables	variable	NOUN
ajfa-9359	169	25	.	.	PUNCT
ajfa-9359	170	1	the	the	DET
ajfa-9359	170	2	correlation	correlation	NOUN
ajfa-9359	170	3	coefficient	coefficient	NOUN
ajfa-9359	170	4	stands	stand	VERB
ajfa-9359	170	5	for	for	ADP
ajfa-9359	170	6	asian	asian	ADJ
ajfa-9359	170	7	journal	journal	NOUN
ajfa-9359	170	8	of	of	ADP
ajfa-9359	170	9	finance	finance	PROPN
ajfa-9359	170	10	&	&	CCONJ
ajfa-9359	170	11	accounting	accounting	PROPN
ajfa-9359	170	12	issn	issn	PROPN
ajfa-9359	170	13	1946	1946	NUM
ajfa-9359	170	14	-	-	PUNCT
ajfa-9359	170	15	052x	052x	PROPN
ajfa-9359	170	16	2017	2017	NUM
ajfa-9359	170	17	,	,	PUNCT
ajfa-9359	170	18	vol	vol	NOUN
ajfa-9359	170	19	.	.	NOUN
ajfa-9359	170	20	9	9	NUM
ajfa-9359	170	21	,	,	PUNCT
ajfa-9359	170	22	no	no	INTJ
ajfa-9359	170	23	.	.	NOUN
ajfa-9359	170	24	1	1	NUM
ajfa-9359	170	25	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	170	26	12	12	NUM
ajfa-9359	170	27	a	a	DET
ajfa-9359	170	28	measure	measure	NOUN
ajfa-9359	170	29	of	of	ADP
ajfa-9359	170	30	linear	linear	ADJ
ajfa-9359	170	31	relationship	relationship	NOUN
ajfa-9359	170	32	between	between	ADP
ajfa-9359	170	33	two	two	NUM
ajfa-9359	170	34	variables	variable	NOUN
ajfa-9359	170	35	.	.	PUNCT
ajfa-9359	171	1	correlation	correlation	NOUN
ajfa-9359	171	2	coefficient	coefficient	NOUN
ajfa-9359	171	3	values	value	NOUN
ajfa-9359	171	4	range	range	VERB
ajfa-9359	171	5	between	between	ADP
ajfa-9359	171	6	-1	-1	PUNCT
ajfa-9359	171	7	and	and	CCONJ
ajfa-9359	171	8	+1	+1	PROPN
ajfa-9359	171	9	.	.	PUNCT
ajfa-9359	172	1	a	a	DET
ajfa-9359	172	2	correlation	correlation	NOUN
ajfa-9359	172	3	coefficient	coefficient	NOUN
ajfa-9359	172	4	of	of	ADP
ajfa-9359	172	5	+1	+1	PROPN
ajfa-9359	172	6	shows	show	VERB
ajfa-9359	172	7	that	that	SCONJ
ajfa-9359	172	8	two	two	NUM
ajfa-9359	172	9	variables	variable	NOUN
ajfa-9359	172	10	are	be	AUX
ajfa-9359	172	11	entirely	entirely	ADV
ajfa-9359	172	12	related	relate	VERB
ajfa-9359	172	13	positively	positively	ADV
ajfa-9359	172	14	in	in	ADP
ajfa-9359	172	15	a	a	DET
ajfa-9359	172	16	linear	linear	ADJ
ajfa-9359	172	17	sense	sense	NOUN
ajfa-9359	172	18	;	;	PUNCT
ajfa-9359	172	19	whereas	whereas	SCONJ
ajfa-9359	172	20	a	a	DET
ajfa-9359	172	21	correlation	correlation	NOUN
ajfa-9359	172	22	coefficient	coefficient	NOUN
ajfa-9359	172	23	of	of	ADP
ajfa-9359	172	24	-1shows	-1show	NOUN
ajfa-9359	172	25	that	that	SCONJ
ajfa-9359	172	26	two	two	NUM
ajfa-9359	172	27	variables	variable	NOUN
ajfa-9359	172	28	are	be	AUX
ajfa-9359	172	29	entirely	entirely	ADV
ajfa-9359	172	30	related	relate	VERB
ajfa-9359	172	31	negatively	negatively	ADV
ajfa-9359	172	32	in	in	ADP
ajfa-9359	172	33	a	a	DET
ajfa-9359	172	34	linear	linear	ADJ
ajfa-9359	172	35	sense	sense	NOUN
ajfa-9359	172	36	.	.	PUNCT
ajfa-9359	173	1	in	in	ADP
ajfa-9359	173	2	contrast	contrast	NOUN
ajfa-9359	173	3	,	,	PUNCT
ajfa-9359	173	4	a	a	DET
ajfa-9359	173	5	correlation	correlation	NOUN
ajfa-9359	173	6	coefficient	coefficient	NOUN
ajfa-9359	173	7	of	of	ADP
ajfa-9359	173	8	zero	zero	NUM
ajfa-9359	173	9	indicates	indicate	VERB
ajfa-9359	173	10	that	that	SCONJ
ajfa-9359	173	11	there	there	PRON
ajfa-9359	173	12	is	be	VERB
ajfa-9359	173	13	no	no	DET
ajfa-9359	173	14	linear	linear	ADJ
ajfa-9359	173	15	relationship	relationship	NOUN
ajfa-9359	173	16	between	between	ADP
ajfa-9359	173	17	the	the	DET
ajfa-9359	173	18	two	two	NUM
ajfa-9359	173	19	variables	variable	NOUN
ajfa-9359	173	20	at	at	ADV
ajfa-9359	173	21	all	all	ADV
ajfa-9359	173	22	.	.	PUNCT
ajfa-9359	174	1	for	for	ADP
ajfa-9359	174	2	simple	simple	ADJ
ajfa-9359	174	3	linear	linear	ADJ
ajfa-9359	174	4	regression	regression	NOUN
ajfa-9359	174	5	,	,	PUNCT
ajfa-9359	174	6	the	the	DET
ajfa-9359	174	7	coefficient	coefficient	NOUN
ajfa-9359	174	8	of	of	ADP
ajfa-9359	174	9	sample	sample	NOUN
ajfa-9359	174	10	correlation	correlation	NOUN
ajfa-9359	174	11	is	be	AUX
ajfa-9359	174	12	measured	measure	VERB
ajfa-9359	174	13	by	by	ADP
ajfa-9359	174	14	the	the	DET
ajfa-9359	174	15	square	square	ADJ
ajfa-9359	174	16	root	root	NOUN
ajfa-9359	174	17	of	of	ADP
ajfa-9359	174	18	the	the	DET
ajfa-9359	174	19	determination	determination	NOUN
ajfa-9359	174	20	coefficient	coefficient	NOUN
ajfa-9359	174	21	.	.	PUNCT
ajfa-9359	175	1	the	the	DET
ajfa-9359	175	2	correlation	correlation	NOUN
ajfa-9359	175	3	coefficient	coefficient	NOUN
ajfa-9359	175	4	is	be	AUX
ajfa-9359	175	5	concerned	concern	VERB
ajfa-9359	175	6	only	only	ADV
ajfa-9359	175	7	with	with	ADP
ajfa-9359	175	8	measuring	measure	VERB
ajfa-9359	175	9	the	the	DET
ajfa-9359	175	10	level	level	NOUN
ajfa-9359	175	11	of	of	ADP
ajfa-9359	175	12	linear	linear	ADJ
ajfa-9359	175	13	relationship	relationship	NOUN
ajfa-9359	175	14	between	between	ADP
ajfa-9359	175	15	two	two	NUM
ajfa-9359	175	16	variables	variable	NOUN
ajfa-9359	175	17	.	.	PUNCT
ajfa-9359	176	1	table	table	NOUN
ajfa-9359	176	2	4.5	4.5	NUM
ajfa-9359	176	3	,	,	PUNCT
ajfa-9359	176	4	in	in	ADP
ajfa-9359	176	5	the	the	DET
ajfa-9359	176	6	appendix	appendix	NOUN
ajfa-9359	176	7	,	,	PUNCT
ajfa-9359	176	8	shows	show	VERB
ajfa-9359	176	9	that	that	SCONJ
ajfa-9359	176	10	the	the	DET
ajfa-9359	176	11	ratio	ratio	NOUN
ajfa-9359	176	12	of	of	ADP
ajfa-9359	176	13	total	total	ADJ
ajfa-9359	176	14	debt	debt	NOUN
ajfa-9359	176	15	to	to	ADP
ajfa-9359	176	16	book	book	NOUN
ajfa-9359	176	17	value	value	NOUN
ajfa-9359	176	18	of	of	ADP
ajfa-9359	176	19	total	total	ADJ
ajfa-9359	176	20	assets	asset	NOUN
ajfa-9359	176	21	is	be	AUX
ajfa-9359	176	22	correlated	correlate	VERB
ajfa-9359	176	23	at	at	ADP
ajfa-9359	176	24	0.249	0.249	NUM
ajfa-9359	176	25	with	with	ADP
ajfa-9359	176	26	tangibility	tangibility	NOUN
ajfa-9359	176	27	,	,	PUNCT
ajfa-9359	176	28	at	at	ADP
ajfa-9359	176	29	the	the	DET
ajfa-9359	176	30	1	1	NUM
ajfa-9359	176	31	%	%	NOUN
ajfa-9359	176	32	significance	significance	NOUN
ajfa-9359	176	33	level	level	NOUN
ajfa-9359	176	34	,	,	PUNCT
ajfa-9359	176	35	at	at	ADP
ajfa-9359	176	36	-0.238	-0.238	NUM
ajfa-9359	176	37	with	with	ADP
ajfa-9359	176	38	profitability	profitability	NOUN
ajfa-9359	176	39	at	at	ADP
ajfa-9359	176	40	the	the	DET
ajfa-9359	176	41	1	1	NUM
ajfa-9359	176	42	%	%	NOUN
ajfa-9359	176	43	significance	significance	NOUN
ajfa-9359	176	44	level	level	NOUN
ajfa-9359	176	45	,	,	PUNCT
ajfa-9359	176	46	at	at	ADP
ajfa-9359	176	47	0.030	0.030	NUM
ajfa-9359	176	48	with	with	ADP
ajfa-9359	176	49	growth	growth	NOUN
ajfa-9359	176	50	,	,	PUNCT
ajfa-9359	176	51	at	at	ADP
ajfa-9359	176	52	the	the	DET
ajfa-9359	176	53	5	5	NUM
ajfa-9359	176	54	%	%	NOUN
ajfa-9359	176	55	significance	significance	NOUN
ajfa-9359	176	56	level	level	NOUN
ajfa-9359	176	57	,	,	PUNCT
ajfa-9359	176	58	at	at	ADP
ajfa-9359	176	59	0.072	0.072	NUM
ajfa-9359	176	60	with	with	ADP
ajfa-9359	176	61	firm	firm	ADJ
ajfa-9359	176	62	size	size	NOUN
ajfa-9359	176	63	,	,	PUNCT
ajfa-9359	176	64	at	at	ADP
ajfa-9359	176	65	the	the	DET
ajfa-9359	176	66	1	1	NUM
ajfa-9359	176	67	%	%	NOUN
ajfa-9359	176	68	significance	significance	NOUN
ajfa-9359	176	69	level	level	NOUN
ajfa-9359	176	70	,	,	PUNCT
ajfa-9359	176	71	at	at	ADP
ajfa-9359	176	72	-0.317	-0.317	NUM
ajfa-9359	176	73	with	with	ADP
ajfa-9359	176	74	liquidity	liquidity	NOUN
ajfa-9359	176	75	at	at	ADP
ajfa-9359	176	76	the	the	DET
ajfa-9359	176	77	1	1	NUM
ajfa-9359	176	78	%	%	NOUN
ajfa-9359	176	79	significance	significance	NOUN
ajfa-9359	176	80	level	level	NOUN
ajfa-9359	176	81	,	,	PUNCT
ajfa-9359	176	82	at	at	ADP
ajfa-9359	176	83	-0.081	-0.081	PROPN
ajfa-9359	176	84	with	with	ADP
ajfa-9359	176	85	non	non	ADJ
ajfa-9359	176	86	-	-	ADJ
ajfa-9359	176	87	debt	debt	ADJ
ajfa-9359	176	88	tax	tax	NOUN
ajfa-9359	176	89	shield	shield	NOUN
ajfa-9359	176	90	at	at	ADP
ajfa-9359	176	91	the	the	DET
ajfa-9359	176	92	1	1	NUM
ajfa-9359	176	93	%	%	NOUN
ajfa-9359	176	94	significance	significance	NOUN
ajfa-9359	176	95	level	level	NOUN
ajfa-9359	176	96	.	.	PUNCT
ajfa-9359	177	1	in	in	ADP
ajfa-9359	177	2	addition	addition	NOUN
ajfa-9359	177	3	,	,	PUNCT
ajfa-9359	177	4	table	table	NOUN
ajfa-9359	177	5	4.5	4.5	NUM
ajfa-9359	177	6	indicates	indicate	VERB
ajfa-9359	177	7	that	that	SCONJ
ajfa-9359	177	8	tangibility	tangibility	NOUN
ajfa-9359	177	9	,	,	PUNCT
ajfa-9359	177	10	size	size	NOUN
ajfa-9359	177	11	,	,	PUNCT
ajfa-9359	177	12	and	and	CCONJ
ajfa-9359	177	13	growth	growth	NOUN
ajfa-9359	177	14	positively	positively	ADV
ajfa-9359	177	15	influence	influence	VERB
ajfa-9359	177	16	leverage	leverage	NOUN
ajfa-9359	177	17	whereas	whereas	SCONJ
ajfa-9359	177	18	profitability	profitability	NOUN
ajfa-9359	177	19	,	,	PUNCT
ajfa-9359	177	20	liquidity	liquidity	NOUN
ajfa-9359	177	21	and	and	CCONJ
ajfa-9359	177	22	non	non	ADJ
ajfa-9359	177	23	-	-	ADJ
ajfa-9359	177	24	debt	debt	ADJ
ajfa-9359	177	25	tax	tax	NOUN
ajfa-9359	177	26	shield	shield	NOUN
ajfa-9359	177	27	negatively	negatively	ADV
ajfa-9359	177	28	influence	influence	NOUN
ajfa-9359	177	29	leverage	leverage	NOUN
ajfa-9359	177	30	.	.	PUNCT
ajfa-9359	178	1	also	also	ADV
ajfa-9359	178	2	,	,	PUNCT
ajfa-9359	178	3	it	it	PRON
ajfa-9359	178	4	is	be	AUX
ajfa-9359	178	5	found	find	VERB
ajfa-9359	178	6	that	that	DET
ajfa-9359	178	7	size	size	NOUN
ajfa-9359	178	8	,	,	PUNCT
ajfa-9359	178	9	ndts	ndts	NOUN
ajfa-9359	178	10	and	and	CCONJ
ajfa-9359	178	11	growth	growth	NOUN
ajfa-9359	178	12	are	be	AUX
ajfa-9359	178	13	positively	positively	ADV
ajfa-9359	178	14	correlated	correlate	VERB
ajfa-9359	178	15	to	to	ADP
ajfa-9359	178	16	profitability	profitability	NOUN
ajfa-9359	178	17	while	while	SCONJ
ajfa-9359	178	18	tangibility	tangibility	NOUN
ajfa-9359	178	19	and	and	CCONJ
ajfa-9359	178	20	liquidity	liquidity	NOUN
ajfa-9359	178	21	are	be	AUX
ajfa-9359	178	22	negatively	negatively	ADV
ajfa-9359	178	23	correlated	correlate	VERB
ajfa-9359	178	24	to	to	ADP
ajfa-9359	178	25	profitability	profitability	NOUN
ajfa-9359	178	26	.	.	PUNCT
ajfa-9359	179	1	this	this	PRON
ajfa-9359	179	2	means	mean	VERB
ajfa-9359	179	3	that	that	SCONJ
ajfa-9359	179	4	larger	large	ADJ
ajfa-9359	179	5	oil	oil	NOUN
ajfa-9359	179	6	and	and	CCONJ
ajfa-9359	179	7	gas	gas	NOUN
ajfa-9359	179	8	firms	firm	NOUN
ajfa-9359	179	9	are	be	AUX
ajfa-9359	179	10	disposed	dispose	VERB
ajfa-9359	179	11	to	to	PART
ajfa-9359	179	12	have	have	VERB
ajfa-9359	179	13	higher	high	ADJ
ajfa-9359	179	14	profitability	profitability	NOUN
ajfa-9359	179	15	.	.	PUNCT
ajfa-9359	180	1	to	to	PART
ajfa-9359	180	2	conclude	conclude	VERB
ajfa-9359	180	3	,	,	PUNCT
ajfa-9359	180	4	the	the	DET
ajfa-9359	180	5	explanatory	explanatory	ADJ
ajfa-9359	180	6	variables	variable	NOUN
ajfa-9359	180	7	chosen	choose	VERB
ajfa-9359	180	8	are	be	AUX
ajfa-9359	180	9	found	find	VERB
ajfa-9359	180	10	to	to	PART
ajfa-9359	180	11	have	have	VERB
ajfa-9359	180	12	a	a	DET
ajfa-9359	180	13	significant	significant	ADJ
ajfa-9359	180	14	and	and	CCONJ
ajfa-9359	180	15	strong	strong	ADJ
ajfa-9359	180	16	association	association	NOUN
ajfa-9359	180	17	with	with	ADP
ajfa-9359	180	18	the	the	DET
ajfa-9359	180	19	dependent	dependent	ADJ
ajfa-9359	180	20	variable	variable	NOUN
ajfa-9359	180	21	,	,	PUNCT
ajfa-9359	180	22	tda	tda	NOUN
ajfa-9359	180	23	.	.	PROPN
ajfa-9359	181	1	for	for	ADP
ajfa-9359	181	2	that	that	DET
ajfa-9359	181	3	reason	reason	NOUN
ajfa-9359	181	4	,	,	PUNCT
ajfa-9359	181	5	the	the	DET
ajfa-9359	181	6	independent	independent	ADJ
ajfa-9359	181	7	variables	variable	NOUN
ajfa-9359	181	8	chosen	choose	VERB
ajfa-9359	181	9	can	can	AUX
ajfa-9359	181	10	explain	explain	VERB
ajfa-9359	181	11	the	the	DET
ajfa-9359	181	12	dependent	dependent	ADJ
ajfa-9359	181	13	variable	variable	NOUN
ajfa-9359	181	14	to	to	ADP
ajfa-9359	181	15	a	a	DET
ajfa-9359	181	16	significant	significant	ADJ
ajfa-9359	181	17	degree	degree	NOUN
ajfa-9359	181	18	.	.	PUNCT
ajfa-9359	182	1	4.4	4.4	NUM
ajfa-9359	182	2	multivariate	multivariate	NOUN
ajfa-9359	182	3	regression	regression	NOUN
ajfa-9359	182	4	analysis	analysis	NOUN
ajfa-9359	182	5	this	this	DET
ajfa-9359	182	6	section	section	NOUN
ajfa-9359	182	7	aims	aim	VERB
ajfa-9359	182	8	at	at	ADP
ajfa-9359	182	9	analyzing	analyze	VERB
ajfa-9359	182	10	the	the	DET
ajfa-9359	182	11	regression	regression	NOUN
ajfa-9359	182	12	model	model	NOUN
ajfa-9359	182	13	results	result	NOUN
ajfa-9359	182	14	.	.	PUNCT
ajfa-9359	183	1	multiple	multiple	ADJ
ajfa-9359	183	2	regression	regression	NOUN
ajfa-9359	183	3	analysis	analysis	NOUN
ajfa-9359	183	4	on	on	ADP
ajfa-9359	183	5	the	the	DET
ajfa-9359	183	6	cross	cross	PROPN
ajfa-9359	183	7	sectional	sectional	ADJ
ajfa-9359	183	8	data	datum	NOUN
ajfa-9359	183	9	is	be	AUX
ajfa-9359	183	10	carried	carry	VERB
ajfa-9359	183	11	out	out	ADP
ajfa-9359	183	12	in	in	ADP
ajfa-9359	183	13	order	order	NOUN
ajfa-9359	183	14	to	to	PART
ajfa-9359	183	15	investigate	investigate	VERB
ajfa-9359	183	16	the	the	DET
ajfa-9359	183	17	instantaneous	instantaneous	ADJ
ajfa-9359	183	18	impact	impact	NOUN
ajfa-9359	183	19	of	of	ADP
ajfa-9359	183	20	all	all	DET
ajfa-9359	183	21	the	the	DET
ajfa-9359	183	22	independent	independent	ADJ
ajfa-9359	183	23	variables	variable	NOUN
ajfa-9359	183	24	on	on	ADP
ajfa-9359	183	25	the	the	DET
ajfa-9359	183	26	dependent	dependent	ADJ
ajfa-9359	183	27	variable	variable	NOUN
ajfa-9359	183	28	.	.	PUNCT
ajfa-9359	184	1	the	the	DET
ajfa-9359	184	2	multivariate	multivariate	NOUN
ajfa-9359	184	3	linear	linear	PROPN
ajfa-9359	184	4	regression	regression	NOUN
ajfa-9359	184	5	model	model	NOUN
ajfa-9359	184	6	before	before	SCONJ
ajfa-9359	184	7	estimation	estimation	NOUN
ajfa-9359	184	8	is	be	AUX
ajfa-9359	184	9	:	:	PUNCT
ajfa-9359	184	10	leverage	leverage	NOUN
ajfa-9359	184	11	(	(	PUNCT
ajfa-9359	184	12	firmit	firmit	NOUN
ajfa-9359	184	13	)	)	PUNCT
ajfa-9359	184	14	=	=	SYM
ajfa-9359	185	1	β0	β0	ADJ
ajfa-9359	185	2	+	+	CCONJ
ajfa-9359	185	3	β1(tangit)+	β1(tangit)+	ADJ
ajfa-9359	185	4	β2(profit)+	β2(profit)+	NOUN
ajfa-9359	185	5	β3(growit)+β4(sizeit)+	β3(growit)+β4(sizeit)+	ADJ
ajfa-9359	185	6	β5(liqit)+	β5(liqit)+	ADJ
ajfa-9359	185	7	β6(ndtsit	β6(ndtsit	NOUN
ajfa-9359	185	8	)	)	PUNCT
ajfa-9359	186	1	+	+	CCONJ
ajfa-9359	186	2	ε	ε	PROPN
ajfa-9359	186	3	table	table	NOUN
ajfa-9359	186	4	4.6	4.6	NUM
ajfa-9359	186	5	,	,	PUNCT
ajfa-9359	186	6	in	in	ADP
ajfa-9359	186	7	the	the	DET
ajfa-9359	186	8	appendix	appendix	NOUN
ajfa-9359	186	9	,	,	PUNCT
ajfa-9359	186	10	represents	represent	VERB
ajfa-9359	186	11	the	the	DET
ajfa-9359	186	12	outcomes	outcome	NOUN
ajfa-9359	186	13	of	of	ADP
ajfa-9359	186	14	the	the	DET
ajfa-9359	186	15	regression	regression	NOUN
ajfa-9359	186	16	analysis	analysis	NOUN
ajfa-9359	186	17	in	in	ADP
ajfa-9359	186	18	for	for	ADP
ajfa-9359	186	19	each	each	PRON
ajfa-9359	186	20	of	of	ADP
ajfa-9359	186	21	the	the	DET
ajfa-9359	186	22	independent	independent	ADJ
ajfa-9359	186	23	variables	variable	NOUN
ajfa-9359	186	24	.	.	PUNCT
ajfa-9359	187	1	as	as	SCONJ
ajfa-9359	187	2	shown	show	VERB
ajfa-9359	187	3	in	in	ADP
ajfa-9359	187	4	table	table	NOUN
ajfa-9359	187	5	4.6	4.6	NUM
ajfa-9359	187	6	,	,	PUNCT
ajfa-9359	187	7	r	r	NOUN
ajfa-9359	187	8	-	-	PUNCT
ajfa-9359	187	9	squared	square	VERB
ajfa-9359	187	10	is	be	AUX
ajfa-9359	187	11	0.2309	0.2309	NUM
ajfa-9359	187	12	,	,	PUNCT
ajfa-9359	187	13	which	which	PRON
ajfa-9359	187	14	shows	show	VERB
ajfa-9359	187	15	that	that	SCONJ
ajfa-9359	187	16	about	about	ADV
ajfa-9359	187	17	23.09	23.09	NUM
ajfa-9359	187	18	%	%	NOUN
ajfa-9359	187	19	of	of	ADP
ajfa-9359	187	20	the	the	DET
ajfa-9359	187	21	variability	variability	NOUN
ajfa-9359	187	22	of	of	ADP
ajfa-9359	187	23	debt	debt	NOUN
ajfa-9359	187	24	to	to	ADP
ajfa-9359	187	25	equity	equity	NOUN
ajfa-9359	187	26	ratio	ratio	NOUN
ajfa-9359	187	27	is	be	AUX
ajfa-9359	187	28	explained	explain	VERB
ajfa-9359	187	29	by	by	ADP
ajfa-9359	187	30	the	the	DET
ajfa-9359	187	31	chosen	choose	VERB
ajfa-9359	187	32	firm	firm	ADJ
ajfa-9359	187	33	-	-	PUNCT
ajfa-9359	187	34	specific	specific	ADJ
ajfa-9359	187	35	factors	factor	NOUN
ajfa-9359	187	36	.	.	PUNCT
ajfa-9359	188	1	in	in	ADP
ajfa-9359	188	2	other	other	ADJ
ajfa-9359	188	3	words	word	NOUN
ajfa-9359	188	4	,	,	PUNCT
ajfa-9359	188	5	about	about	ADV
ajfa-9359	188	6	23.09	23.09	NUM
ajfa-9359	188	7	%	%	NOUN
ajfa-9359	188	8	of	of	ADP
ajfa-9359	188	9	the	the	DET
ajfa-9359	188	10	change	change	NOUN
ajfa-9359	188	11	in	in	ADP
ajfa-9359	188	12	the	the	DET
ajfa-9359	188	13	dependent	dependent	ADJ
ajfa-9359	188	14	variable	variable	NOUN
ajfa-9359	188	15	is	be	AUX
ajfa-9359	188	16	explained	explain	VERB
ajfa-9359	188	17	by	by	ADP
ajfa-9359	188	18	the	the	DET
ajfa-9359	188	19	independent	independent	ADJ
ajfa-9359	188	20	variables	variable	NOUN
ajfa-9359	188	21	that	that	PRON
ajfa-9359	188	22	are	be	AUX
ajfa-9359	188	23	included	include	VERB
ajfa-9359	188	24	in	in	ADP
ajfa-9359	188	25	the	the	DET
ajfa-9359	188	26	model	model	NOUN
ajfa-9359	188	27	.	.	PUNCT
ajfa-9359	189	1	the	the	DET
ajfa-9359	189	2	estimated	estimate	VERB
ajfa-9359	189	3	regression	regression	NOUN
ajfa-9359	189	4	equation	equation	NOUN
ajfa-9359	189	5	:	:	PUNCT
ajfa-9359	189	6	leverage	leverage	NOUN
ajfa-9359	189	7	=	=	PUNCT
ajfa-9359	189	8	0.239	0.239	NUM
ajfa-9359	189	9	+	+	NUM
ajfa-9359	189	10	0.1639	0.1639	NUM
ajfa-9359	189	11	tan	tan	PROPN
ajfa-9359	189	12	0.419	0.419	NUM
ajfa-9359	189	13	pro	pro	ADJ
ajfa-9359	189	14	+	+	ADP
ajfa-9359	189	15	0.017	0.017	NUM
ajfa-9359	189	16	grow	grow	VERB
ajfa-9359	189	17	+	+	CCONJ
ajfa-9359	189	18	0.004	0.004	NUM
ajfa-9359	189	19	size	size	NOUN
ajfa-9359	189	20	–	–	PUNCT
ajfa-9359	189	21	0.025	0.025	NUM
ajfa-9359	189	22	liq	liq	NOUN
ajfa-9359	189	23	–	–	PUNCT
ajfa-9359	189	24	1.053	1.053	NUM
ajfa-9359	189	25	ndts	ndts	NOUN
ajfa-9359	189	26	+	+	CCONJ
ajfa-9359	189	27	ε	ε	PROPN
ajfa-9359	189	28	asian	asian	ADJ
ajfa-9359	189	29	journal	journal	PROPN
ajfa-9359	189	30	of	of	ADP
ajfa-9359	189	31	finance	finance	PROPN
ajfa-9359	189	32	&	&	CCONJ
ajfa-9359	189	33	accounting	accounting	PROPN
ajfa-9359	189	34	issn	issn	PROPN
ajfa-9359	189	35	1946	1946	NUM
ajfa-9359	189	36	-	-	PUNCT
ajfa-9359	189	37	052x	052x	PROPN
ajfa-9359	189	38	2017	2017	NUM
ajfa-9359	189	39	,	,	PUNCT
ajfa-9359	189	40	vol	vol	NOUN
ajfa-9359	189	41	.	.	NOUN
ajfa-9359	189	42	9	9	NUM
ajfa-9359	189	43	,	,	PUNCT
ajfa-9359	189	44	no	no	INTJ
ajfa-9359	189	45	.	.	NOUN
ajfa-9359	189	46	1	1	NUM
ajfa-9359	189	47	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	189	48	13	13	NUM
ajfa-9359	189	49	4.5	4.5	NUM
ajfa-9359	189	50	the	the	DET
ajfa-9359	189	51	relationship	relationship	NOUN
ajfa-9359	189	52	between	between	ADP
ajfa-9359	189	53	capital	capital	NOUN
ajfa-9359	189	54	structure	structure	NOUN
ajfa-9359	189	55	determinants	determinant	NOUN
ajfa-9359	189	56	and	and	CCONJ
ajfa-9359	189	57	leverage	leverage	NOUN
ajfa-9359	189	58	over	over	ADP
ajfa-9359	189	59	the	the	DET
ajfa-9359	189	60	whole	whole	ADJ
ajfa-9359	189	61	sample	sample	NOUN
ajfa-9359	189	62	period	period	NOUN
ajfa-9359	189	63	,	,	PUNCT
ajfa-9359	189	64	2000	2000	NUM
ajfa-9359	189	65	-	-	SYM
ajfa-9359	189	66	2015	2015	NUM
ajfa-9359	189	67	.	.	PUNCT
ajfa-9359	190	1	4.5.1	4.5.1	NUM
ajfa-9359	190	2	leverage	leverage	NOUN
ajfa-9359	190	3	with	with	ADP
ajfa-9359	190	4	assets	asset	NOUN
ajfa-9359	190	5	tangibility	tangibility	NOUN
ajfa-9359	190	6	the	the	DET
ajfa-9359	190	7	ratio	ratio	NOUN
ajfa-9359	190	8	of	of	ADP
ajfa-9359	190	9	fixed	fix	VERB
ajfa-9359	190	10	asset	asset	NOUN
ajfa-9359	190	11	to	to	ADP
ajfa-9359	190	12	total	total	ADJ
ajfa-9359	190	13	assets	asset	NOUN
ajfa-9359	190	14	is	be	AUX
ajfa-9359	190	15	taken	take	VERB
ajfa-9359	190	16	as	as	ADP
ajfa-9359	190	17	a	a	DET
ajfa-9359	190	18	proxy	proxy	NOUN
ajfa-9359	190	19	for	for	ADP
ajfa-9359	190	20	tangibility	tangibility	NOUN
ajfa-9359	190	21	.	.	PUNCT
ajfa-9359	191	1	the	the	DET
ajfa-9359	191	2	results	result	NOUN
ajfa-9359	191	3	of	of	ADP
ajfa-9359	191	4	the	the	DET
ajfa-9359	191	5	regression	regression	NOUN
ajfa-9359	191	6	model	model	NOUN
ajfa-9359	191	7	indicate	indicate	VERB
ajfa-9359	191	8	that	that	SCONJ
ajfa-9359	191	9	the	the	DET
ajfa-9359	191	10	correlation	correlation	NOUN
ajfa-9359	191	11	between	between	ADP
ajfa-9359	191	12	leverage	leverage	NOUN
ajfa-9359	191	13	and	and	CCONJ
ajfa-9359	191	14	asset	asset	NOUN
ajfa-9359	191	15	structure	structure	NOUN
ajfa-9359	191	16	is	be	AUX
ajfa-9359	191	17	statistically	statistically	ADV
ajfa-9359	191	18	significant	significant	ADJ
ajfa-9359	191	19	at	at	ADP
ajfa-9359	191	20	the	the	DET
ajfa-9359	191	21	level	level	NOUN
ajfa-9359	191	22	1	1	NUM
ajfa-9359	191	23	%	%	NOUN
ajfa-9359	191	24	.	.	PUNCT
ajfa-9359	192	1	the	the	DET
ajfa-9359	192	2	sign	sign	NOUN
ajfa-9359	192	3	of	of	ADP
ajfa-9359	192	4	the	the	DET
ajfa-9359	192	5	coefficient	coefficient	NOUN
ajfa-9359	192	6	is	be	AUX
ajfa-9359	192	7	positive	positive	ADJ
ajfa-9359	192	8	;	;	PUNCT
ajfa-9359	192	9	thus	thus	ADV
ajfa-9359	192	10	,	,	PUNCT
ajfa-9359	192	11	when	when	SCONJ
ajfa-9359	192	12	there	there	PRON
ajfa-9359	192	13	is	be	VERB
ajfa-9359	192	14	an	an	DET
ajfa-9359	192	15	increase	increase	NOUN
ajfa-9359	192	16	in	in	ADP
ajfa-9359	192	17	tangibility	tangibility	NOUN
ajfa-9359	192	18	by	by	ADP
ajfa-9359	192	19	1	1	NUM
ajfa-9359	192	20	%	%	NOUN
ajfa-9359	192	21	,	,	PUNCT
ajfa-9359	192	22	debt	debt	NOUN
ajfa-9359	192	23	will	will	AUX
ajfa-9359	192	24	increase	increase	VERB
ajfa-9359	192	25	by	by	ADP
ajfa-9359	192	26	0.16	0.16	NUM
ajfa-9359	192	27	.	.	PUNCT
ajfa-9359	193	1	this	this	DET
ajfa-9359	193	2	result	result	NOUN
ajfa-9359	193	3	is	be	AUX
ajfa-9359	193	4	supports	support	VERB
ajfa-9359	193	5	the	the	DET
ajfa-9359	193	6	first	first	ADJ
ajfa-9359	193	7	hypothesis	hypothesis	NOUN
ajfa-9359	193	8	(	(	PUNCT
ajfa-9359	193	9	h1	h1	PROPN
ajfa-9359	193	10	)	)	PUNCT
ajfa-9359	193	11	,	,	PUNCT
ajfa-9359	193	12	namely	namely	ADV
ajfa-9359	193	13	,	,	PUNCT
ajfa-9359	193	14	“	"	PUNCT
ajfa-9359	193	15	there	there	PRON
ajfa-9359	193	16	is	be	VERB
ajfa-9359	193	17	a	a	DET
ajfa-9359	193	18	positive	positive	ADJ
ajfa-9359	193	19	impact	impact	NOUN
ajfa-9359	193	20	of	of	ADP
ajfa-9359	193	21	tangibility	tangibility	NOUN
ajfa-9359	193	22	of	of	ADP
ajfa-9359	193	23	oil	oil	NOUN
ajfa-9359	193	24	and	and	CCONJ
ajfa-9359	193	25	gas	gas	NOUN
ajfa-9359	193	26	firms	firm	NOUN
ajfa-9359	193	27	on	on	ADP
ajfa-9359	193	28	leverage	leverage	NOUN
ajfa-9359	193	29	”	"	PUNCT
ajfa-9359	193	30	.	.	PUNCT
ajfa-9359	194	1	in	in	ADP
ajfa-9359	194	2	addition	addition	NOUN
ajfa-9359	194	3	,	,	PUNCT
ajfa-9359	194	4	this	this	DET
ajfa-9359	194	5	findings	finding	NOUN
ajfa-9359	194	6	is	be	AUX
ajfa-9359	194	7	in	in	ADP
ajfa-9359	194	8	line	line	NOUN
ajfa-9359	194	9	with	with	ADP
ajfa-9359	194	10	the	the	DET
ajfa-9359	194	11	finding	finding	NOUN
ajfa-9359	194	12	of	of	ADP
ajfa-9359	194	13	many	many	ADJ
ajfa-9359	194	14	previous	previous	ADJ
ajfa-9359	194	15	studies	study	NOUN
ajfa-9359	194	16	such	such	ADJ
ajfa-9359	194	17	as	as	ADP
ajfa-9359	194	18	jensen	jensen	PROPN
ajfa-9359	194	19	and	and	CCONJ
ajfa-9359	194	20	meckling	meckling	NOUN
ajfa-9359	194	21	(	(	PUNCT
ajfa-9359	194	22	1976	1976	NUM
ajfa-9359	194	23	)	)	PUNCT
ajfa-9359	194	24	,	,	PUNCT
ajfa-9359	194	25	harris	harris	PROPN
ajfa-9359	194	26	and	and	CCONJ
ajfa-9359	194	27	raviv	raviv	PROPN
ajfa-9359	194	28	(	(	PUNCT
ajfa-9359	194	29	1991	1991	NUM
ajfa-9359	194	30	)	)	PUNCT
ajfa-9359	194	31	,	,	PUNCT
ajfa-9359	194	32	bennett	bennett	PROPN
ajfa-9359	194	33	and	and	CCONJ
ajfa-9359	194	34	donnelly	donnelly	PROPN
ajfa-9359	194	35	(	(	PUNCT
ajfa-9359	194	36	1993	1993	NUM
ajfa-9359	194	37	)	)	PUNCT
ajfa-9359	194	38	,	,	PUNCT
ajfa-9359	194	39	rajan	rajan	PROPN
ajfa-9359	194	40	and	and	CCONJ
ajfa-9359	194	41	zingales	zingales	PROPN
ajfa-9359	194	42	(	(	PUNCT
ajfa-9359	194	43	1995	1995	NUM
ajfa-9359	194	44	)	)	PUNCT
ajfa-9359	194	45	,	,	PUNCT
ajfa-9359	194	46	gaud	gaud	PROPN
ajfa-9359	194	47	et	et	PROPN
ajfa-9359	194	48	al	al	PROPN
ajfa-9359	194	49	.	.	PROPN
ajfa-9359	195	1	(	(	PUNCT
ajfa-9359	195	2	2003	2003	NUM
ajfa-9359	195	3	)	)	PUNCT
ajfa-9359	195	4	,	,	PUNCT
ajfa-9359	195	5	and	and	CCONJ
ajfa-9359	195	6	frank	frank	PROPN
ajfa-9359	195	7	and	and	CCONJ
ajfa-9359	195	8	goyal	goyal	PROPN
ajfa-9359	195	9	(	(	PUNCT
ajfa-9359	195	10	2009	2009	NUM
ajfa-9359	195	11	)	)	PUNCT
ajfa-9359	195	12	.	.	PUNCT
ajfa-9359	196	1	rajan	rajan	PROPN
ajfa-9359	196	2	and	and	CCONJ
ajfa-9359	196	3	zingales	zingales	PROPN
ajfa-9359	196	4	(	(	PUNCT
ajfa-9359	196	5	1995	1995	NUM
ajfa-9359	196	6	)	)	PUNCT
ajfa-9359	196	7	state	state	NOUN
ajfa-9359	196	8	that	that	SCONJ
ajfa-9359	196	9	firms	firm	NOUN
ajfa-9359	196	10	with	with	ADP
ajfa-9359	196	11	higher	high	ADJ
ajfa-9359	196	12	collateral	collateral	ADJ
ajfa-9359	196	13	assets	asset	NOUN
ajfa-9359	196	14	are	be	AUX
ajfa-9359	196	15	more	more	ADV
ajfa-9359	196	16	likely	likely	ADJ
ajfa-9359	196	17	to	to	PART
ajfa-9359	196	18	get	get	VERB
ajfa-9359	196	19	a	a	DET
ajfa-9359	196	20	high	high	ADJ
ajfa-9359	196	21	level	level	NOUN
ajfa-9359	196	22	of	of	ADP
ajfa-9359	196	23	debt	debt	NOUN
ajfa-9359	196	24	in	in	ADP
ajfa-9359	196	25	view	view	NOUN
ajfa-9359	196	26	of	of	ADP
ajfa-9359	196	27	the	the	DET
ajfa-9359	196	28	fact	fact	NOUN
ajfa-9359	196	29	that	that	SCONJ
ajfa-9359	196	30	tangible	tangible	ADJ
ajfa-9359	196	31	assets	asset	NOUN
ajfa-9359	196	32	are	be	AUX
ajfa-9359	196	33	easy	easy	ADJ
ajfa-9359	196	34	to	to	PART
ajfa-9359	196	35	collateralize	collateralize	VERB
ajfa-9359	196	36	and	and	CCONJ
ajfa-9359	196	37	thus	thus	ADV
ajfa-9359	196	38	they	they	PRON
ajfa-9359	196	39	reduce	reduce	VERB
ajfa-9359	196	40	the	the	DET
ajfa-9359	196	41	agency	agency	NOUN
ajfa-9359	196	42	cost	cost	NOUN
ajfa-9359	196	43	of	of	ADP
ajfa-9359	196	44	debt	debt	NOUN
ajfa-9359	196	45	.	.	PUNCT
ajfa-9359	197	1	moreover	moreover	ADV
ajfa-9359	197	2	,	,	PUNCT
ajfa-9359	197	3	this	this	DET
ajfa-9359	197	4	finding	finding	NOUN
ajfa-9359	197	5	is	be	AUX
ajfa-9359	197	6	in	in	ADP
ajfa-9359	197	7	line	line	NOUN
ajfa-9359	197	8	with	with	ADP
ajfa-9359	197	9	the	the	DET
ajfa-9359	197	10	agency	agency	NOUN
ajfa-9359	197	11	cost	cost	NOUN
ajfa-9359	197	12	theory	theory	NOUN
ajfa-9359	197	13	as	as	SCONJ
ajfa-9359	197	14	debt	debt	NOUN
ajfa-9359	197	15	providers	provider	NOUN
ajfa-9359	197	16	demand	demand	VERB
ajfa-9359	197	17	securities	security	NOUN
ajfa-9359	197	18	as	as	ADP
ajfa-9359	197	19	collateral	collateral	NOUN
ajfa-9359	197	20	to	to	PART
ajfa-9359	197	21	put	put	VERB
ajfa-9359	197	22	them	they	PRON
ajfa-9359	197	23	in	in	ADP
ajfa-9359	197	24	more	more	ADV
ajfa-9359	197	25	secure	secure	ADJ
ajfa-9359	197	26	position	position	NOUN
ajfa-9359	197	27	.	.	PUNCT
ajfa-9359	198	1	according	accord	VERB
ajfa-9359	198	2	to	to	ADP
ajfa-9359	198	3	the	the	DET
ajfa-9359	198	4	pecking	pecking	NOUN
ajfa-9359	198	5	order	order	NOUN
ajfa-9359	198	6	theory	theory	NOUN
ajfa-9359	198	7	,	,	PUNCT
ajfa-9359	198	8	the	the	DET
ajfa-9359	198	9	information	information	NOUN
ajfa-9359	198	10	asymmetry	asymmetry	NOUN
ajfa-9359	198	11	is	be	AUX
ajfa-9359	198	12	supposed	suppose	VERB
ajfa-9359	198	13	to	to	PART
ajfa-9359	198	14	be	be	AUX
ajfa-9359	198	15	lower	low	ADJ
ajfa-9359	198	16	for	for	ADP
ajfa-9359	198	17	firms	firm	NOUN
ajfa-9359	198	18	that	that	PRON
ajfa-9359	198	19	have	have	VERB
ajfa-9359	198	20	more	more	ADJ
ajfa-9359	198	21	tangible	tangible	ADJ
ajfa-9359	198	22	assets	asset	NOUN
ajfa-9359	198	23	,	,	PUNCT
ajfa-9359	198	24	which	which	PRON
ajfa-9359	198	25	results	result	VERB
ajfa-9359	198	26	in	in	ADP
ajfa-9359	198	27	more	more	ADJ
ajfa-9359	198	28	debt	debt	NOUN
ajfa-9359	198	29	.	.	PUNCT
ajfa-9359	199	1	conversely	conversely	ADV
ajfa-9359	199	2	,	,	PUNCT
ajfa-9359	199	3	harris	harris	PROPN
ajfa-9359	199	4	and	and	CCONJ
ajfa-9359	199	5	raviv(1991	raviv(1991	PROPN
ajfa-9359	199	6	)	)	PUNCT
ajfa-9359	199	7	state	state	NOUN
ajfa-9359	199	8	that	that	SCONJ
ajfa-9359	199	9	tangibility	tangibility	NOUN
ajfa-9359	199	10	negatively	negatively	ADV
ajfa-9359	199	11	influences	influence	VERB
ajfa-9359	199	12	leverage	leverage	NOUN
ajfa-9359	199	13	as	as	SCONJ
ajfa-9359	199	14	suggested	suggest	VERB
ajfa-9359	199	15	by	by	ADP
ajfa-9359	199	16	the	the	DET
ajfa-9359	199	17	pecking	pecking	NOUN
ajfa-9359	199	18	order	order	NOUN
ajfa-9359	199	19	theory	theory	NOUN
ajfa-9359	199	20	;	;	PUNCT
ajfa-9359	199	21	they	they	PRON
ajfa-9359	199	22	suggest	suggest	VERB
ajfa-9359	199	23	also	also	ADV
ajfa-9359	199	24	firms	firm	NOUN
ajfa-9359	199	25	that	that	PRON
ajfa-9359	199	26	have	have	VERB
ajfa-9359	199	27	few	few	ADJ
ajfa-9359	199	28	tangible	tangible	ADJ
ajfa-9359	199	29	assets	asset	NOUN
ajfa-9359	199	30	are	be	AUX
ajfa-9359	199	31	assumed	assume	VERB
ajfa-9359	199	32	to	to	PART
ajfa-9359	199	33	have	have	VERB
ajfa-9359	199	34	more	more	ADJ
ajfa-9359	199	35	asymmetry	asymmetry	NOUN
ajfa-9359	199	36	troubles	trouble	NOUN
ajfa-9359	199	37	,	,	PUNCT
ajfa-9359	199	38	and	and	CCONJ
ajfa-9359	199	39	thus	thus	ADV
ajfa-9359	199	40	,	,	PUNCT
ajfa-9359	199	41	the	the	DET
ajfa-9359	199	42	coefficient	coefficient	NOUN
ajfa-9359	199	43	is	be	AUX
ajfa-9359	199	44	not	not	PART
ajfa-9359	199	45	expected	expect	VERB
ajfa-9359	199	46	to	to	PART
ajfa-9359	199	47	be	be	AUX
ajfa-9359	199	48	significant	significant	ADJ
ajfa-9359	199	49	.	.	PUNCT
ajfa-9359	200	1	however	however	ADV
ajfa-9359	200	2	,	,	PUNCT
ajfa-9359	200	3	the	the	DET
ajfa-9359	200	4	trade	trade	NOUN
ajfa-9359	200	5	-	-	PUNCT
ajfa-9359	200	6	off	off	ADP
ajfa-9359	200	7	theory	theory	NOUN
ajfa-9359	200	8	suggests	suggest	VERB
ajfa-9359	200	9	that	that	SCONJ
ajfa-9359	200	10	tangibility	tangibility	NOUN
ajfa-9359	200	11	is	be	AUX
ajfa-9359	200	12	positively	positively	ADV
ajfa-9359	200	13	correlated	correlate	VERB
ajfa-9359	200	14	to	to	ADP
ajfa-9359	200	15	leverage	leverage	NOUN
ajfa-9359	200	16	in	in	ADP
ajfa-9359	200	17	view	view	NOUN
ajfa-9359	200	18	of	of	ADP
ajfa-9359	200	19	the	the	DET
ajfa-9359	200	20	fact	fact	NOUN
ajfa-9359	200	21	that	that	SCONJ
ajfa-9359	200	22	a	a	DET
ajfa-9359	200	23	higher	high	ADJ
ajfa-9359	200	24	degree	degree	NOUN
ajfa-9359	200	25	of	of	ADP
ajfa-9359	200	26	asset	asset	NOUN
ajfa-9359	200	27	tangibility	tangibility	NOUN
ajfa-9359	200	28	leads	lead	VERB
ajfa-9359	200	29	to	to	ADP
ajfa-9359	200	30	lower	low	ADJ
ajfa-9359	200	31	bankruptcy	bankruptcy	NOUN
ajfa-9359	200	32	costs	cost	NOUN
ajfa-9359	200	33	.	.	PUNCT
ajfa-9359	201	1	4.5.2	4.5.2	NUM
ajfa-9359	201	2	leverage	leverage	NOUN
ajfa-9359	201	3	with	with	ADP
ajfa-9359	201	4	profitability	profitability	NOUN
ajfa-9359	201	5	the	the	DET
ajfa-9359	201	6	ratio	ratio	NOUN
ajfa-9359	201	7	of	of	ADP
ajfa-9359	201	8	ebitd	ebitd	NOUN
ajfa-9359	201	9	to	to	ADP
ajfa-9359	201	10	total	total	ADJ
ajfa-9359	201	11	assetsis	assetsis	NOUN
ajfa-9359	201	12	taken	take	VERB
ajfa-9359	201	13	as	as	ADP
ajfa-9359	201	14	the	the	DET
ajfa-9359	201	15	proxy	proxy	NOUN
ajfa-9359	201	16	of	of	ADP
ajfa-9359	201	17	profitability	profitability	NOUN
ajfa-9359	201	18	.	.	PUNCT
ajfa-9359	202	1	profitability	profitability	NOUN
ajfa-9359	202	2	is	be	AUX
ajfa-9359	202	3	statistically	statistically	ADV
ajfa-9359	202	4	significant	significant	ADJ
ajfa-9359	202	5	at	at	ADP
ajfa-9359	202	6	the	the	DET
ajfa-9359	202	7	1	1	NUM
ajfa-9359	202	8	%	%	NOUN
ajfa-9359	202	9	level	level	NOUN
ajfa-9359	202	10	.	.	PUNCT
ajfa-9359	203	1	the	the	DET
ajfa-9359	203	2	sign	sign	NOUN
ajfa-9359	203	3	of	of	ADP
ajfa-9359	203	4	the	the	DET
ajfa-9359	203	5	coefficient	coefficient	NOUN
ajfa-9359	203	6	is	be	AUX
ajfa-9359	203	7	negative	negative	ADJ
ajfa-9359	203	8	,	,	PUNCT
ajfa-9359	203	9	which	which	PRON
ajfa-9359	203	10	means	mean	VERB
ajfa-9359	203	11	that	that	SCONJ
ajfa-9359	203	12	an	an	DET
ajfa-9359	203	13	increase	increase	NOUN
ajfa-9359	203	14	in	in	ADP
ajfa-9359	203	15	profitability	profitability	NOUN
ajfa-9359	203	16	by	by	ADP
ajfa-9359	203	17	1	1	NUM
ajfa-9359	203	18	%	%	NOUN
ajfa-9359	203	19	,	,	PUNCT
ajfa-9359	203	20	will	will	AUX
ajfa-9359	203	21	be	be	AUX
ajfa-9359	203	22	associated	associate	VERB
ajfa-9359	203	23	with	with	ADP
ajfa-9359	203	24	a	a	DET
ajfa-9359	203	25	decline	decline	NOUN
ajfa-9359	203	26	in	in	ADP
ajfa-9359	203	27	debt	debt	NOUN
ajfa-9359	203	28	by	by	ADP
ajfa-9359	203	29	0.42	0.42	NUM
ajfa-9359	203	30	%	%	NOUN
ajfa-9359	203	31	.	.	PUNCT
ajfa-9359	204	1	thus	thus	ADV
ajfa-9359	204	2	,	,	PUNCT
ajfa-9359	204	3	this	this	DET
ajfa-9359	204	4	result	result	NOUN
ajfa-9359	204	5	is	be	AUX
ajfa-9359	204	6	in	in	ADP
ajfa-9359	204	7	line	line	NOUN
ajfa-9359	204	8	with	with	ADP
ajfa-9359	204	9	the	the	DET
ajfa-9359	204	10	second	second	ADJ
ajfa-9359	204	11	hypothesis	hypothesis	NOUN
ajfa-9359	204	12	(	(	PUNCT
ajfa-9359	204	13	h2	h2	NOUN
ajfa-9359	204	14	)	)	PUNCT
ajfa-9359	204	15	,	,	PUNCT
ajfa-9359	204	16	namely	namely	ADV
ajfa-9359	204	17	,	,	PUNCT
ajfa-9359	204	18	“	"	PUNCT
ajfa-9359	204	19	there	there	PRON
ajfa-9359	204	20	is	be	VERB
ajfa-9359	204	21	a	a	DET
ajfa-9359	204	22	negative	negative	ADJ
ajfa-9359	204	23	impact	impact	NOUN
ajfa-9359	204	24	of	of	ADP
ajfa-9359	204	25	profitable	profitable	ADJ
ajfa-9359	204	26	of	of	ADP
ajfa-9359	204	27	oil	oil	NOUN
ajfa-9359	204	28	and	and	CCONJ
ajfa-9359	204	29	gas	gas	NOUN
ajfa-9359	204	30	firms	firm	NOUN
ajfa-9359	204	31	on	on	ADP
ajfa-9359	204	32	leverage	leverage	NOUN
ajfa-9359	204	33	”	"	PUNCT
ajfa-9359	204	34	.	.	PUNCT
ajfa-9359	205	1	this	this	PRON
ajfa-9359	205	2	means	mean	VERB
ajfa-9359	205	3	that	that	SCONJ
ajfa-9359	205	4	the	the	DET
ajfa-9359	205	5	firms	firm	NOUN
ajfa-9359	205	6	that	that	PRON
ajfa-9359	205	7	are	be	AUX
ajfa-9359	205	8	more	more	ADV
ajfa-9359	205	9	profitable	profitable	ADJ
ajfa-9359	205	10	are	be	AUX
ajfa-9359	205	11	the	the	DET
ajfa-9359	205	12	ones	one	NOUN
ajfa-9359	205	13	that	that	PRON
ajfa-9359	205	14	have	have	VERB
ajfa-9359	205	15	lower	low	ADJ
ajfa-9359	205	16	leverage	leverage	NOUN
ajfa-9359	205	17	.	.	PUNCT
ajfa-9359	206	1	in	in	ADP
ajfa-9359	206	2	other	other	ADJ
ajfa-9359	206	3	words	word	NOUN
ajfa-9359	206	4	,	,	PUNCT
ajfa-9359	206	5	firms	firm	NOUN
ajfa-9359	206	6	that	that	PRON
ajfa-9359	206	7	have	have	VERB
ajfa-9359	206	8	higher	high	ADJ
ajfa-9359	206	9	levels	level	NOUN
ajfa-9359	206	10	of	of	ADP
ajfa-9359	206	11	profitability	profitability	NOUN
ajfa-9359	206	12	are	be	AUX
ajfa-9359	206	13	likely	likely	ADJ
ajfa-9359	206	14	to	to	PART
ajfa-9359	206	15	use	use	VERB
ajfa-9359	206	16	less	less	ADJ
ajfa-9359	206	17	leverage	leverage	NOUN
ajfa-9359	206	18	in	in	ADP
ajfa-9359	206	19	their	their	PRON
ajfa-9359	206	20	capital	capital	NOUN
ajfa-9359	206	21	structure	structure	NOUN
ajfa-9359	206	22	.	.	PUNCT
ajfa-9359	207	1	this	this	DET
ajfa-9359	207	2	behavior	behavior	NOUN
ajfa-9359	207	3	means	mean	VERB
ajfa-9359	207	4	that	that	SCONJ
ajfa-9359	207	5	trade	trade	NOUN
ajfa-9359	207	6	-	-	PUNCT
ajfa-9359	207	7	off	off	ADP
ajfa-9359	207	8	theory	theory	NOUN
ajfa-9359	207	9	fails	fail	VERB
ajfa-9359	207	10	to	to	PART
ajfa-9359	207	11	explain	explain	VERB
ajfa-9359	207	12	the	the	DET
ajfa-9359	207	13	relationship	relationship	NOUN
ajfa-9359	207	14	between	between	ADP
ajfa-9359	207	15	leverage	leverage	NOUN
ajfa-9359	207	16	and	and	CCONJ
ajfa-9359	207	17	profitability	profitability	NOUN
ajfa-9359	207	18	.	.	PUNCT
ajfa-9359	208	1	trade	trade	NOUN
ajfa-9359	208	2	-	-	PUNCT
ajfa-9359	208	3	off	off	ADP
ajfa-9359	208	4	theory	theory	NOUN
ajfa-9359	208	5	argues	argue	VERB
ajfa-9359	208	6	that	that	SCONJ
ajfa-9359	208	7	firms	firm	NOUN
ajfa-9359	208	8	with	with	ADP
ajfa-9359	208	9	high	high	ADJ
ajfa-9359	208	10	profit	profit	NOUN
ajfa-9359	208	11	are	be	AUX
ajfa-9359	208	12	likely	likely	ADJ
ajfa-9359	208	13	to	to	PART
ajfa-9359	208	14	have	have	VERB
ajfa-9359	208	15	higher	high	ADJ
ajfa-9359	208	16	leverage	leverage	NOUN
ajfa-9359	208	17	and	and	CCONJ
ajfa-9359	208	18	more	more	ADJ
ajfa-9359	208	19	taxable	taxable	ADJ
ajfa-9359	208	20	income	income	NOUN
ajfa-9359	208	21	to	to	PART
ajfa-9359	208	22	shield	shield	VERB
ajfa-9359	208	23	,	,	PUNCT
ajfa-9359	208	24	as	as	SCONJ
ajfa-9359	208	25	stated	state	VERB
ajfa-9359	208	26	by	by	ADP
ajfa-9359	208	27	barclay	barclay	PROPN
ajfa-9359	208	28	and	and	CCONJ
ajfa-9359	208	29	smith	smith	PROPN
ajfa-9359	208	30	(	(	PUNCT
ajfa-9359	208	31	2005	2005	NUM
ajfa-9359	208	32	)	)	PUNCT
ajfa-9359	208	33	.	.	PUNCT
ajfa-9359	209	1	our	our	PRON
ajfa-9359	209	2	result	result	NOUN
ajfa-9359	209	3	gives	give	VERB
ajfa-9359	209	4	more	more	ADJ
ajfa-9359	209	5	support	support	NOUN
ajfa-9359	209	6	to	to	ADP
ajfa-9359	209	7	pecking	pecking	NOUN
ajfa-9359	209	8	order	order	NOUN
ajfa-9359	209	9	theory	theory	NOUN
ajfa-9359	209	10	that	that	PRON
ajfa-9359	209	11	implies	imply	VERB
ajfa-9359	209	12	that	that	SCONJ
ajfa-9359	209	13	firms	firm	NOUN
ajfa-9359	209	14	prefer	prefer	VERB
ajfa-9359	209	15	to	to	PART
ajfa-9359	209	16	finance	finance	VERB
ajfa-9359	209	17	projects	project	NOUN
ajfa-9359	209	18	with	with	ADP
ajfa-9359	209	19	internal	internal	ADJ
ajfa-9359	209	20	funding	funding	NOUN
ajfa-9359	209	21	.	.	PUNCT
ajfa-9359	210	1	this	this	DET
ajfa-9359	210	2	finding	finding	NOUN
ajfa-9359	210	3	is	be	AUX
ajfa-9359	210	4	in	in	ADP
ajfa-9359	210	5	line	line	NOUN
ajfa-9359	210	6	with	with	ADP
ajfa-9359	210	7	many	many	ADJ
ajfa-9359	210	8	previous	previous	ADJ
ajfa-9359	210	9	studies	study	NOUN
ajfa-9359	210	10	such	such	ADJ
ajfa-9359	210	11	as	as	ADP
ajfa-9359	210	12	rajan	rajan	PROPN
ajfa-9359	210	13	and	and	CCONJ
ajfa-9359	210	14	zingales	zingales	PROPN
ajfa-9359	210	15	(	(	PUNCT
ajfa-9359	210	16	1995	1995	NUM
ajfa-9359	210	17	)	)	PUNCT
ajfa-9359	210	18	,	,	PUNCT
ajfa-9359	210	19	ozkan	ozkan	X
ajfa-9359	210	20	(	(	PUNCT
ajfa-9359	210	21	2001	2001	NUM
ajfa-9359	210	22	)	)	PUNCT
ajfa-9359	210	23	,	,	PUNCT
ajfa-9359	210	24	and	and	CCONJ
ajfa-9359	210	25	gaud	gaud	VERB
ajfa-9359	210	26	et	et	PROPN
ajfa-9359	210	27	al	al	PROPN
ajfa-9359	210	28	.	.	PROPN
ajfa-9359	211	1	(	(	PUNCT
ajfa-9359	211	2	2005	2005	NUM
ajfa-9359	211	3	)	)	PUNCT
ajfa-9359	211	4	who	who	PRON
ajfa-9359	211	5	state	state	VERB
ajfa-9359	211	6	that	that	DET
ajfa-9359	211	7	profitability	profitability	NOUN
ajfa-9359	211	8	is	be	AUX
ajfa-9359	211	9	negatively	negatively	ADV
ajfa-9359	211	10	related	relate	VERB
ajfa-9359	211	11	to	to	ADP
ajfa-9359	211	12	debt	debt	NOUN
ajfa-9359	211	13	(	(	PUNCT
ajfa-9359	211	14	leverage	leverage	NOUN
ajfa-9359	211	15	)	)	PUNCT
ajfa-9359	211	16	.	.	PUNCT
ajfa-9359	212	1	4.5.3	4.5.3	NUM
ajfa-9359	212	2	leverage	leverage	NOUN
ajfa-9359	212	3	with	with	ADP
ajfa-9359	212	4	growth	growth	NOUN
ajfa-9359	212	5	opportunity	opportunity	NOUN
ajfa-9359	212	6	the	the	DET
ajfa-9359	212	7	ratio	ratio	NOUN
ajfa-9359	212	8	of	of	ADP
ajfa-9359	212	9	percentage	percentage	NOUN
ajfa-9359	212	10	increase	increase	NOUN
ajfa-9359	212	11	in	in	ADP
ajfa-9359	212	12	total	total	ADJ
ajfa-9359	212	13	assets	asset	NOUN
ajfa-9359	212	14	is	be	AUX
ajfa-9359	212	15	taken	take	VERB
ajfa-9359	212	16	as	as	ADP
ajfa-9359	212	17	the	the	DET
ajfa-9359	212	18	proxy	proxy	NOUN
ajfa-9359	212	19	for	for	ADP
ajfa-9359	212	20	growth	growth	NOUN
ajfa-9359	212	21	opportunity	opportunity	NOUN
ajfa-9359	212	22	.	.	PUNCT
ajfa-9359	213	1	growth	growth	NOUN
ajfa-9359	213	2	opportunity	opportunity	NOUN
ajfa-9359	213	3	is	be	AUX
ajfa-9359	213	4	positively	positively	ADV
ajfa-9359	213	5	related	relate	VERB
ajfa-9359	213	6	to	to	ADP
ajfa-9359	213	7	leverage	leverage	NOUN
ajfa-9359	213	8	.	.	PUNCT
ajfa-9359	214	1	this	this	DET
ajfa-9359	214	2	positive	positive	ADJ
ajfa-9359	214	3	coefficient	coefficient	NOUN
ajfa-9359	214	4	means	mean	VERB
ajfa-9359	214	5	that	that	SCONJ
ajfa-9359	214	6	a	a	DET
ajfa-9359	214	7	asian	asian	ADJ
ajfa-9359	214	8	journal	journal	NOUN
ajfa-9359	214	9	of	of	ADP
ajfa-9359	214	10	finance	finance	PROPN
ajfa-9359	214	11	&	&	CCONJ
ajfa-9359	214	12	accounting	accounting	PROPN
ajfa-9359	214	13	issn	issn	PROPN
ajfa-9359	214	14	1946	1946	NUM
ajfa-9359	214	15	-	-	PUNCT
ajfa-9359	214	16	052x	052x	PROPN
ajfa-9359	214	17	2017	2017	NUM
ajfa-9359	214	18	,	,	PUNCT
ajfa-9359	214	19	vol	vol	NOUN
ajfa-9359	214	20	.	.	NOUN
ajfa-9359	214	21	9	9	NUM
ajfa-9359	214	22	,	,	PUNCT
ajfa-9359	214	23	no	no	INTJ
ajfa-9359	214	24	.	.	NOUN
ajfa-9359	214	25	1	1	NUM
ajfa-9359	214	26	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	214	27	14	14	NUM
ajfa-9359	214	28	1	1	NUM
ajfa-9359	214	29	%	%	NOUN
ajfa-9359	214	30	change	change	NOUN
ajfa-9359	214	31	in	in	ADP
ajfa-9359	214	32	growth	growth	NOUN
ajfa-9359	214	33	rate	rate	NOUN
ajfa-9359	214	34	measured	measure	VERB
ajfa-9359	214	35	by	by	ADP
ajfa-9359	214	36	the	the	DET
ajfa-9359	214	37	percentage	percentage	NOUN
ajfa-9359	214	38	change	change	NOUN
ajfa-9359	214	39	in	in	ADP
ajfa-9359	214	40	total	total	ADJ
ajfa-9359	214	41	assets	asset	NOUN
ajfa-9359	214	42	leads	lead	VERB
ajfa-9359	214	43	to	to	ADP
ajfa-9359	214	44	a	a	DET
ajfa-9359	214	45	0.028	0.028	NUM
ajfa-9359	214	46	change	change	NOUN
ajfa-9359	214	47	in	in	ADP
ajfa-9359	214	48	leverage	leverage	NOUN
ajfa-9359	214	49	ratio	ratio	NOUN
ajfa-9359	214	50	,	,	PUNCT
ajfa-9359	214	51	and	and	CCONJ
ajfa-9359	214	52	thus	thus	ADV
ajfa-9359	214	53	the	the	DET
ajfa-9359	214	54	variable	variable	NOUN
ajfa-9359	214	55	is	be	AUX
ajfa-9359	214	56	not	not	PART
ajfa-9359	214	57	significant	significant	ADJ
ajfa-9359	214	58	.	.	PUNCT
ajfa-9359	215	1	consequently	consequently	ADV
ajfa-9359	215	2	,	,	PUNCT
ajfa-9359	215	3	the	the	DET
ajfa-9359	215	4	third	third	ADJ
ajfa-9359	215	5	hypothesis	hypothesis	NOUN
ajfa-9359	215	6	(	(	PUNCT
ajfa-9359	215	7	h3	h3	NOUN
ajfa-9359	215	8	)	)	PUNCT
ajfa-9359	215	9	,	,	PUNCT
ajfa-9359	215	10	namely	namely	ADV
ajfa-9359	215	11	,	,	PUNCT
ajfa-9359	215	12	“	"	PUNCT
ajfa-9359	215	13	there	there	PRON
ajfa-9359	215	14	is	be	VERB
ajfa-9359	215	15	a	a	DET
ajfa-9359	215	16	negative	negative	ADJ
ajfa-9359	215	17	impact	impact	NOUN
ajfa-9359	215	18	of	of	ADP
ajfa-9359	215	19	growth	growth	NOUN
ajfa-9359	215	20	of	of	ADP
ajfa-9359	215	21	oil	oil	NOUN
ajfa-9359	215	22	and	and	CCONJ
ajfa-9359	215	23	gas	gas	NOUN
ajfa-9359	215	24	firms	firm	NOUN
ajfa-9359	215	25	on	on	ADP
ajfa-9359	215	26	leverage	leverage	NOUN
ajfa-9359	215	27	”	"	PUNCT
ajfa-9359	215	28	is	be	AUX
ajfa-9359	215	29	rejected	reject	VERB
ajfa-9359	215	30	.	.	PUNCT
ajfa-9359	216	1	in	in	ADP
ajfa-9359	216	2	addition	addition	NOUN
ajfa-9359	216	3	,	,	PUNCT
ajfa-9359	216	4	this	this	DET
ajfa-9359	216	5	finding	finding	NOUN
ajfa-9359	216	6	is	be	AUX
ajfa-9359	216	7	not	not	PART
ajfa-9359	216	8	in	in	ADP
ajfa-9359	216	9	line	line	NOUN
ajfa-9359	216	10	with	with	ADP
ajfa-9359	216	11	either	either	CCONJ
ajfa-9359	216	12	trade	trade	NOUN
ajfa-9359	216	13	-	-	PUNCT
ajfa-9359	216	14	off	off	ADP
ajfa-9359	216	15	theory	theory	NOUN
ajfa-9359	216	16	or	or	CCONJ
ajfa-9359	216	17	agency	agency	NOUN
ajfa-9359	216	18	cost	cost	NOUN
ajfa-9359	216	19	theory	theory	NOUN
ajfa-9359	216	20	,	,	PUNCT
ajfa-9359	216	21	while	while	SCONJ
ajfa-9359	216	22	it	it	PRON
ajfa-9359	216	23	supports	support	VERB
ajfa-9359	216	24	pecking	pecking	NOUN
ajfa-9359	216	25	order	order	NOUN
ajfa-9359	216	26	theory	theory	NOUN
ajfa-9359	216	27	,	,	PUNCT
ajfa-9359	216	28	which	which	PRON
ajfa-9359	216	29	suggests	suggest	VERB
ajfa-9359	216	30	that	that	SCONJ
ajfa-9359	216	31	if	if	SCONJ
ajfa-9359	216	32	firms	firm	NOUN
ajfa-9359	216	33	have	have	VERB
ajfa-9359	216	34	to	to	PART
ajfa-9359	216	35	depend	depend	VERB
ajfa-9359	216	36	on	on	ADP
ajfa-9359	216	37	external	external	ADJ
ajfa-9359	216	38	financing	financing	NOUN
ajfa-9359	216	39	sources	source	NOUN
ajfa-9359	216	40	,	,	PUNCT
ajfa-9359	216	41	they	they	PRON
ajfa-9359	216	42	would	would	AUX
ajfa-9359	216	43	prefer	prefer	VERB
ajfa-9359	216	44	to	to	PART
ajfa-9359	216	45	use	use	VERB
ajfa-9359	216	46	debt	debt	NOUN
ajfa-9359	216	47	over	over	ADP
ajfa-9359	216	48	equity	equity	NOUN
ajfa-9359	216	49	.	.	PUNCT
ajfa-9359	217	1	this	this	DET
ajfa-9359	217	2	finding	finding	NOUN
ajfa-9359	217	3	means	mean	VERB
ajfa-9359	217	4	that	that	SCONJ
ajfa-9359	217	5	firms	firm	NOUN
ajfa-9359	217	6	of	of	ADP
ajfa-9359	217	7	oil	oil	NOUN
ajfa-9359	217	8	and	and	CCONJ
ajfa-9359	217	9	gas	gas	NOUN
ajfa-9359	217	10	industry	industry	NOUN
ajfa-9359	217	11	that	that	PRON
ajfa-9359	217	12	have	have	VERB
ajfa-9359	217	13	higher	high	ADJ
ajfa-9359	217	14	growth	growth	NOUN
ajfa-9359	217	15	rate	rate	NOUN
ajfa-9359	217	16	maintain	maintain	VERB
ajfa-9359	217	17	higher	high	ADJ
ajfa-9359	217	18	leverage	leverage	NOUN
ajfa-9359	217	19	ratios	ratio	NOUN
ajfa-9359	217	20	.	.	PUNCT
ajfa-9359	218	1	thus	thus	ADV
ajfa-9359	218	2	,	,	PUNCT
ajfa-9359	218	3	growth	growth	NOUN
ajfa-9359	218	4	is	be	AUX
ajfa-9359	218	5	considered	consider	VERB
ajfa-9359	218	6	a	a	DET
ajfa-9359	218	7	significant	significant	ADJ
ajfa-9359	218	8	factor	factor	NOUN
ajfa-9359	218	9	that	that	PRON
ajfa-9359	218	10	plays	play	VERB
ajfa-9359	218	11	a	a	DET
ajfa-9359	218	12	key	key	ADJ
ajfa-9359	218	13	role	role	NOUN
ajfa-9359	218	14	in	in	ADP
ajfa-9359	218	15	making	make	VERB
ajfa-9359	218	16	the	the	DET
ajfa-9359	218	17	capital	capital	NOUN
ajfa-9359	218	18	structure	structure	NOUN
ajfa-9359	218	19	decisions	decision	NOUN
ajfa-9359	218	20	in	in	ADP
ajfa-9359	218	21	oil	oil	NOUN
ajfa-9359	218	22	and	and	CCONJ
ajfa-9359	218	23	gas	gas	NOUN
ajfa-9359	218	24	sector	sector	NOUN
ajfa-9359	218	25	;	;	PUNCT
ajfa-9359	218	26	firms	firm	NOUN
ajfa-9359	218	27	that	that	PRON
ajfa-9359	218	28	have	have	VERB
ajfa-9359	218	29	lower	low	ADJ
ajfa-9359	218	30	growth	growth	NOUN
ajfa-9359	218	31	rates	rate	NOUN
ajfa-9359	218	32	borrow	borrow	VERB
ajfa-9359	218	33	less	less	ADJ
ajfa-9359	218	34	than	than	ADP
ajfa-9359	218	35	firms	firm	NOUN
ajfa-9359	218	36	that	that	PRON
ajfa-9359	218	37	have	have	VERB
ajfa-9359	218	38	high	high	ADJ
ajfa-9359	218	39	growth	growth	NOUN
ajfa-9359	218	40	rates	rate	NOUN
ajfa-9359	218	41	.	.	PUNCT
ajfa-9359	219	1	furthermore	furthermore	ADV
ajfa-9359	219	2	,	,	PUNCT
ajfa-9359	219	3	this	this	DET
ajfa-9359	219	4	finding	finding	NOUN
ajfa-9359	219	5	is	be	AUX
ajfa-9359	219	6	in	in	ADP
ajfa-9359	219	7	agreement	agreement	NOUN
ajfa-9359	219	8	with	with	ADP
ajfa-9359	219	9	the	the	DET
ajfa-9359	219	10	findings	finding	NOUN
ajfa-9359	219	11	of	of	ADP
ajfa-9359	219	12	beck	beck	PROPN
ajfa-9359	219	13	and	and	CCONJ
ajfa-9359	219	14	demirguc	demirguc	PROPN
ajfa-9359	219	15	-	-	PUNCT
ajfa-9359	219	16	kunt	kunt	PROPN
ajfa-9359	219	17	(	(	PUNCT
ajfa-9359	219	18	2006	2006	NUM
ajfa-9359	219	19	)	)	PUNCT
ajfa-9359	219	20	who	who	PRON
ajfa-9359	219	21	find	find	VERB
ajfa-9359	219	22	that	that	SCONJ
ajfa-9359	219	23	small	small	ADJ
ajfa-9359	219	24	firms	firm	NOUN
ajfa-9359	219	25	have	have	VERB
ajfa-9359	219	26	greater	great	ADJ
ajfa-9359	219	27	growth	growth	NOUN
ajfa-9359	219	28	restrictions	restriction	NOUN
ajfa-9359	219	29	and	and	CCONJ
ajfa-9359	219	30	are	be	AUX
ajfa-9359	219	31	less	less	ADV
ajfa-9359	219	32	likely	likely	ADJ
ajfa-9359	219	33	to	to	PART
ajfa-9359	219	34	use	use	VERB
ajfa-9359	219	35	external	external	ADJ
ajfa-9359	219	36	financing	financing	NOUN
ajfa-9359	219	37	sources	source	NOUN
ajfa-9359	219	38	,	,	PUNCT
ajfa-9359	219	39	and	and	CCONJ
ajfa-9359	219	40	with	with	ADP
ajfa-9359	219	41	the	the	DET
ajfa-9359	219	42	finding	finding	NOUN
ajfa-9359	219	43	of	of	ADP
ajfa-9359	219	44	michaelas	michaelas	INTJ
ajfa-9359	219	45	et	et	PROPN
ajfa-9359	219	46	al	al	PROPN
ajfa-9359	219	47	.	.	PROPN
ajfa-9359	220	1	(	(	PUNCT
ajfa-9359	220	2	1999	1999	NUM
ajfa-9359	220	3	)	)	PUNCT
ajfa-9359	220	4	who	who	PRON
ajfa-9359	220	5	state	state	VERB
ajfa-9359	220	6	that	that	DET
ajfa-9359	220	7	small	small	ADJ
ajfa-9359	220	8	firms	firm	NOUN
ajfa-9359	220	9	that	that	PRON
ajfa-9359	220	10	are	be	AUX
ajfa-9359	220	11	rapidly	rapidly	ADV
ajfa-9359	220	12	growing	grow	VERB
ajfa-9359	220	13	are	be	AUX
ajfa-9359	220	14	likely	likely	ADJ
ajfa-9359	220	15	to	to	PART
ajfa-9359	220	16	have	have	VERB
ajfa-9359	220	17	insufficient	insufficient	ADJ
ajfa-9359	220	18	earnings	earning	NOUN
ajfa-9359	220	19	for	for	ADP
ajfa-9359	220	20	financing	finance	VERB
ajfa-9359	220	21	all	all	PRON
ajfa-9359	220	22	of	of	ADP
ajfa-9359	220	23	their	their	PRON
ajfa-9359	220	24	growth	growth	NOUN
ajfa-9359	220	25	internally	internally	ADV
ajfa-9359	220	26	.	.	PUNCT
ajfa-9359	221	1	this	this	DET
ajfa-9359	221	2	positive	positive	ADJ
ajfa-9359	221	3	sign	sign	NOUN
ajfa-9359	221	4	indicates	indicate	VERB
ajfa-9359	221	5	that	that	SCONJ
ajfa-9359	221	6	growing	grow	VERB
ajfa-9359	221	7	oil	oil	NOUN
ajfa-9359	221	8	and	and	CCONJ
ajfa-9359	221	9	gas	gas	NOUN
ajfa-9359	221	10	firms	firm	NOUN
ajfa-9359	221	11	are	be	AUX
ajfa-9359	221	12	expected	expect	VERB
ajfa-9359	221	13	of	of	ADP
ajfa-9359	221	14	to	to	PART
ajfa-9359	221	15	rely	rely	VERB
ajfa-9359	221	16	more	more	ADV
ajfa-9359	221	17	on	on	ADP
ajfa-9359	221	18	external	external	ADJ
ajfa-9359	221	19	borrowing	borrowing	NOUN
ajfa-9359	221	20	,	,	PUNCT
ajfa-9359	221	21	in	in	ADP
ajfa-9359	221	22	order	order	NOUN
ajfa-9359	221	23	to	to	PART
ajfa-9359	221	24	grasp	grasp	VERB
ajfa-9359	221	25	market	market	NOUN
ajfa-9359	221	26	opportunities	opportunity	NOUN
ajfa-9359	221	27	.	.	PUNCT
ajfa-9359	222	1	therefore	therefore	ADV
ajfa-9359	222	2	,	,	PUNCT
ajfa-9359	222	3	there	there	PRON
ajfa-9359	222	4	is	be	VERB
ajfa-9359	222	5	a	a	DET
ajfa-9359	222	6	positive	positive	ADJ
ajfa-9359	222	7	relationship	relationship	NOUN
ajfa-9359	222	8	between	between	ADP
ajfa-9359	222	9	growth	growth	NOUN
ajfa-9359	222	10	and	and	CCONJ
ajfa-9359	222	11	leverage	leverage	NOUN
ajfa-9359	222	12	.	.	PUNCT
ajfa-9359	223	1	4.5.4	4.5.4	NUM
ajfa-9359	223	2	leverage	leverage	NOUN
ajfa-9359	223	3	with	with	ADP
ajfa-9359	223	4	size	size	NOUN
ajfa-9359	223	5	the	the	DET
ajfa-9359	223	6	natural	natural	ADJ
ajfa-9359	223	7	logarithm	logarithm	NOUN
ajfa-9359	223	8	of	of	ADP
ajfa-9359	223	9	assets	asset	NOUN
ajfa-9359	223	10	is	be	AUX
ajfa-9359	223	11	taken	take	VERB
ajfa-9359	223	12	as	as	ADP
ajfa-9359	223	13	the	the	DET
ajfa-9359	223	14	proxy	proxy	NOUN
ajfa-9359	223	15	for	for	ADP
ajfa-9359	223	16	size	size	NOUN
ajfa-9359	223	17	.	.	PUNCT
ajfa-9359	224	1	according	accord	VERB
ajfa-9359	224	2	to	to	ADP
ajfa-9359	224	3	the	the	DET
ajfa-9359	224	4	finding	finding	NOUN
ajfa-9359	224	5	of	of	ADP
ajfa-9359	224	6	this	this	DET
ajfa-9359	224	7	study	study	NOUN
ajfa-9359	224	8	,	,	PUNCT
ajfa-9359	224	9	the	the	DET
ajfa-9359	224	10	result	result	NOUN
ajfa-9359	224	11	of	of	ADP
ajfa-9359	224	12	beta	beta	ADJ
ajfa-9359	224	13	coefficient	coefficient	NOUN
ajfa-9359	224	14	that	that	PRON
ajfa-9359	224	15	is	be	AUX
ajfa-9359	224	16	related	relate	VERB
ajfa-9359	224	17	to	to	AUX
ajfa-9359	224	18	size	size	VERB
ajfa-9359	224	19	,	,	PUNCT
ajfa-9359	224	20	the	the	DET
ajfa-9359	224	21	fourth	fourth	ADJ
ajfa-9359	224	22	hypothesis	hypothesis	NOUN
ajfa-9359	224	23	(	(	PUNCT
ajfa-9359	224	24	h4	h4	PROPN
ajfa-9359	224	25	)	)	PUNCT
ajfa-9359	224	26	,	,	PUNCT
ajfa-9359	224	27	namely	namely	ADV
ajfa-9359	224	28	,	,	PUNCT
ajfa-9359	224	29	“	"	PUNCT
ajfa-9359	224	30	there	there	PRON
ajfa-9359	224	31	is	be	VERB
ajfa-9359	224	32	a	a	DET
ajfa-9359	224	33	positive	positive	ADJ
ajfa-9359	224	34	impact	impact	NOUN
ajfa-9359	224	35	of	of	ADP
ajfa-9359	224	36	size	size	NOUN
ajfa-9359	224	37	of	of	ADP
ajfa-9359	224	38	oil	oil	NOUN
ajfa-9359	224	39	and	and	CCONJ
ajfa-9359	224	40	gas	gas	NOUN
ajfa-9359	224	41	firms	firm	NOUN
ajfa-9359	224	42	on	on	ADP
ajfa-9359	224	43	leverage	leverage	NOUN
ajfa-9359	224	44	”	"	PUNCT
ajfa-9359	224	45	is	be	AUX
ajfa-9359	224	46	accepted	accept	VERB
ajfa-9359	224	47	.	.	PUNCT
ajfa-9359	225	1	this	this	DET
ajfa-9359	225	2	relation	relation	NOUN
ajfa-9359	225	3	between	between	ADP
ajfa-9359	225	4	size	size	NOUN
ajfa-9359	225	5	and	and	CCONJ
ajfa-9359	225	6	leverage	leverage	NOUN
ajfa-9359	225	7	is	be	AUX
ajfa-9359	225	8	in	in	ADP
ajfa-9359	225	9	line	line	NOUN
ajfa-9359	225	10	with	with	ADP
ajfa-9359	225	11	the	the	DET
ajfa-9359	225	12	trade	trade	NOUN
ajfa-9359	225	13	-	-	PUNCT
ajfa-9359	225	14	off	off	ADP
ajfa-9359	225	15	theory	theory	NOUN
ajfa-9359	225	16	.	.	PUNCT
ajfa-9359	226	1	large	large	ADJ
ajfa-9359	226	2	firms	firm	NOUN
ajfa-9359	226	3	are	be	AUX
ajfa-9359	226	4	highly	highly	ADV
ajfa-9359	226	5	leveraged	leveraged	ADJ
ajfa-9359	226	6	for	for	ADP
ajfa-9359	226	7	the	the	DET
ajfa-9359	226	8	reason	reason	NOUN
ajfa-9359	226	9	that	that	PRON
ajfa-9359	226	10	they	they	PRON
ajfa-9359	226	11	have	have	VERB
ajfa-9359	226	12	no	no	DET
ajfa-9359	226	13	fear	fear	NOUN
ajfa-9359	226	14	of	of	ADP
ajfa-9359	226	15	bankruptcy	bankruptcy	NOUN
ajfa-9359	226	16	.	.	PUNCT
ajfa-9359	227	1	debt	debt	NOUN
ajfa-9359	227	2	providers	provider	NOUN
ajfa-9359	227	3	are	be	AUX
ajfa-9359	227	4	also	also	ADV
ajfa-9359	227	5	more	more	ADV
ajfa-9359	227	6	willing	willing	ADJ
ajfa-9359	227	7	to	to	PART
ajfa-9359	227	8	lend	lend	VERB
ajfa-9359	227	9	to	to	ADP
ajfa-9359	227	10	larger	large	ADJ
ajfa-9359	227	11	firms	firm	NOUN
ajfa-9359	227	12	because	because	SCONJ
ajfa-9359	227	13	the	the	DET
ajfa-9359	227	14	instability	instability	NOUN
ajfa-9359	227	15	of	of	ADP
ajfa-9359	227	16	earnings	earning	NOUN
ajfa-9359	227	17	in	in	ADP
ajfa-9359	227	18	these	these	DET
ajfa-9359	227	19	firms	firm	NOUN
ajfa-9359	227	20	is	be	AUX
ajfa-9359	227	21	not	not	PART
ajfa-9359	227	22	very	very	ADV
ajfa-9359	227	23	high	high	ADJ
ajfa-9359	227	24	and	and	CCONJ
ajfa-9359	227	25	firms	firm	NOUN
ajfa-9359	227	26	have	have	VERB
ajfa-9359	227	27	the	the	DET
ajfa-9359	227	28	ability	ability	NOUN
ajfa-9359	227	29	to	to	PART
ajfa-9359	227	30	pay	pay	VERB
ajfa-9359	227	31	back	back	ADP
ajfa-9359	227	32	their	their	PRON
ajfa-9359	227	33	debts	debt	NOUN
ajfa-9359	227	34	.	.	PUNCT
ajfa-9359	228	1	however	however	ADV
ajfa-9359	228	2	,	,	PUNCT
ajfa-9359	228	3	in	in	ADP
ajfa-9359	228	4	case	case	NOUN
ajfa-9359	228	5	the	the	DET
ajfa-9359	228	6	firms	firm	NOUN
ajfa-9359	228	7	do	do	AUX
ajfa-9359	228	8	not	not	PART
ajfa-9359	228	9	have	have	VERB
ajfa-9359	228	10	the	the	DET
ajfa-9359	228	11	ability	ability	NOUN
ajfa-9359	228	12	to	to	PART
ajfa-9359	228	13	repay	repay	VERB
ajfa-9359	228	14	their	their	PRON
ajfa-9359	228	15	debt	debt	NOUN
ajfa-9359	228	16	,	,	PUNCT
ajfa-9359	228	17	they	they	PRON
ajfa-9359	228	18	have	have	VERB
ajfa-9359	228	19	a	a	DET
ajfa-9359	228	20	high	high	ADJ
ajfa-9359	228	21	level	level	NOUN
ajfa-9359	228	22	of	of	ADP
ajfa-9359	228	23	assets	asset	NOUN
ajfa-9359	228	24	that	that	PRON
ajfa-9359	228	25	can	can	AUX
ajfa-9359	228	26	be	be	AUX
ajfa-9359	228	27	used	use	VERB
ajfa-9359	228	28	as	as	ADP
ajfa-9359	228	29	collateral	collateral	NOUN
ajfa-9359	228	30	.	.	PUNCT
ajfa-9359	229	1	moreover	moreover	ADV
ajfa-9359	229	2	,	,	PUNCT
ajfa-9359	229	3	this	this	DET
ajfa-9359	229	4	finding	finding	NOUN
ajfa-9359	229	5	is	be	AUX
ajfa-9359	229	6	in	in	ADP
ajfa-9359	229	7	agreement	agreement	NOUN
ajfa-9359	229	8	with	with	ADP
ajfa-9359	229	9	many	many	ADJ
ajfa-9359	229	10	studies	study	NOUN
ajfa-9359	229	11	,	,	PUNCT
ajfa-9359	229	12	for	for	ADP
ajfa-9359	229	13	instance	instance	NOUN
ajfa-9359	229	14	,	,	PUNCT
ajfa-9359	229	15	o	o	PROPN
ajfa-9359	229	16	zkan	zkan	X
ajfa-9359	229	17	(	(	PUNCT
ajfa-9359	229	18	2001	2001	NUM
ajfa-9359	229	19	)	)	PUNCT
ajfa-9359	229	20	,	,	PUNCT
ajfa-9359	229	21	bevan	bevan	NOUN
ajfa-9359	229	22	and	and	CCONJ
ajfa-9359	229	23	danbolt	danbolt	NOUN
ajfa-9359	229	24	(	(	PUNCT
ajfa-9359	229	25	2004	2004	NUM
ajfa-9359	229	26	)	)	PUNCT
ajfa-9359	229	27	,	,	PUNCT
ajfa-9359	229	28	and	and	CCONJ
ajfa-9359	229	29	frank	frank	PROPN
ajfa-9359	229	30	and	and	CCONJ
ajfa-9359	229	31	goyal	goyal	PROPN
ajfa-9359	229	32	(	(	PUNCT
ajfa-9359	229	33	2009),who	2009),who	X
ajfa-9359	229	34	all	all	PRON
ajfa-9359	229	35	find	find	VERB
ajfa-9359	229	36	that	that	DET
ajfa-9359	229	37	size	size	NOUN
ajfa-9359	229	38	is	be	AUX
ajfa-9359	229	39	positively	positively	ADV
ajfa-9359	229	40	related	relate	VERB
ajfa-9359	229	41	to	to	ADP
ajfa-9359	229	42	leverage	leverage	NOUN
ajfa-9359	229	43	;	;	PUNCT
ajfa-9359	229	44	they	they	PRON
ajfa-9359	229	45	all	all	PRON
ajfa-9359	229	46	suggest	suggest	VERB
ajfa-9359	229	47	that	that	SCONJ
ajfa-9359	229	48	small	small	ADJ
ajfa-9359	229	49	firms	firm	NOUN
ajfa-9359	229	50	should	should	AUX
ajfa-9359	229	51	not	not	PART
ajfa-9359	229	52	depend	depend	VERB
ajfa-9359	229	53	on	on	ADP
ajfa-9359	229	54	long	long	ADJ
ajfa-9359	229	55	term	term	NOUN
ajfa-9359	229	56	debts	debt	NOUN
ajfa-9359	229	57	and	and	CCONJ
ajfa-9359	229	58	instead	instead	ADV
ajfa-9359	229	59	,	,	PUNCT
ajfa-9359	229	60	they	they	PRON
ajfa-9359	229	61	should	should	AUX
ajfa-9359	229	62	borrow	borrow	VERB
ajfa-9359	229	63	short	short	ADJ
ajfa-9359	229	64	term	term	NOUN
ajfa-9359	229	65	,	,	PUNCT
ajfa-9359	229	66	in	in	ADP
ajfa-9359	229	67	case	case	NOUN
ajfa-9359	229	68	they	they	PRON
ajfa-9359	229	69	are	be	AUX
ajfa-9359	229	70	sure	sure	ADJ
ajfa-9359	229	71	enough	enough	ADV
ajfa-9359	229	72	of	of	ADP
ajfa-9359	229	73	being	be	AUX
ajfa-9359	229	74	able	able	ADJ
ajfa-9359	229	75	to	to	PART
ajfa-9359	229	76	repay	repay	VERB
ajfa-9359	229	77	their	their	PRON
ajfa-9359	229	78	debts	debt	NOUN
ajfa-9359	229	79	.	.	PUNCT
ajfa-9359	230	1	because	because	SCONJ
ajfa-9359	230	2	this	this	DET
ajfa-9359	230	3	study	study	NOUN
ajfa-9359	230	4	has	have	AUX
ajfa-9359	230	5	chosen	choose	VERB
ajfa-9359	230	6	346	346	NUM
ajfa-9359	230	7	firms	firm	NOUN
ajfa-9359	230	8	in	in	ADP
ajfa-9359	230	9	the	the	DET
ajfa-9359	230	10	oil	oil	NOUN
ajfa-9359	230	11	and	and	CCONJ
ajfa-9359	230	12	gas	gas	NOUN
ajfa-9359	230	13	industry	industry	NOUN
ajfa-9359	230	14	,	,	PUNCT
ajfa-9359	230	15	and	and	CCONJ
ajfa-9359	230	16	most	most	ADJ
ajfa-9359	230	17	of	of	ADP
ajfa-9359	230	18	these	these	DET
ajfa-9359	230	19	firms	firm	NOUN
ajfa-9359	230	20	are	be	AUX
ajfa-9359	230	21	active	active	ADJ
ajfa-9359	230	22	all	all	ADV
ajfa-9359	230	23	over	over	ADP
ajfa-9359	230	24	the	the	DET
ajfa-9359	230	25	world	world	NOUN
ajfa-9359	230	26	with	with	ADP
ajfa-9359	230	27	gigantic	gigantic	ADJ
ajfa-9359	230	28	market	market	NOUN
ajfa-9359	230	29	capitalization	capitalization	NOUN
ajfa-9359	230	30	,	,	PUNCT
ajfa-9359	230	31	debt	debt	NOUN
ajfa-9359	230	32	is	be	AUX
ajfa-9359	230	33	positively	positively	ADV
ajfa-9359	230	34	correlated	correlate	VERB
ajfa-9359	230	35	to	to	PART
ajfa-9359	230	36	size	size	VERB
ajfa-9359	230	37	.	.	PUNCT
ajfa-9359	231	1	4.5.5	4.5.5	NUM
ajfa-9359	231	2	leverage	leverage	NOUN
ajfa-9359	231	3	with	with	ADP
ajfa-9359	231	4	liquidity	liquidity	NOUN
ajfa-9359	231	5	the	the	DET
ajfa-9359	231	6	ratio	ratio	NOUN
ajfa-9359	231	7	of	of	ADP
ajfa-9359	231	8	current	current	ADJ
ajfa-9359	231	9	assets	asset	NOUN
ajfa-9359	231	10	to	to	ADP
ajfa-9359	231	11	current	current	ADJ
ajfa-9359	231	12	liabilities	liability	NOUN
ajfa-9359	231	13	is	be	AUX
ajfa-9359	231	14	taken	take	VERB
ajfa-9359	231	15	as	as	ADP
ajfa-9359	231	16	a	a	DET
ajfa-9359	231	17	proxy	proxy	NOUN
ajfa-9359	231	18	of	of	ADP
ajfa-9359	231	19	liquidity	liquidity	NOUN
ajfa-9359	231	20	.	.	PUNCT
ajfa-9359	232	1	liquidity	liquidity	NOUN
ajfa-9359	232	2	is	be	AUX
ajfa-9359	232	3	statistically	statistically	ADV
ajfa-9359	232	4	significant	significant	ADJ
ajfa-9359	232	5	at	at	ADP
ajfa-9359	232	6	the	the	DET
ajfa-9359	232	7	1	1	NUM
ajfa-9359	232	8	%	%	NOUN
ajfa-9359	232	9	level	level	NOUN
ajfa-9359	232	10	.	.	PUNCT
ajfa-9359	233	1	the	the	DET
ajfa-9359	233	2	sign	sign	NOUN
ajfa-9359	233	3	of	of	ADP
ajfa-9359	233	4	its	its	PRON
ajfa-9359	233	5	coefficient	coefficient	NOUN
ajfa-9359	233	6	is	be	AUX
ajfa-9359	233	7	negative	negative	ADJ
ajfa-9359	233	8	,	,	PUNCT
ajfa-9359	233	9	which	which	PRON
ajfa-9359	233	10	means	mean	VERB
ajfa-9359	233	11	that	that	SCONJ
ajfa-9359	233	12	liquidity	liquidity	NOUN
ajfa-9359	233	13	negatively	negatively	ADV
ajfa-9359	233	14	influences	influence	VERB
ajfa-9359	233	15	leverage	leverage	NOUN
ajfa-9359	233	16	.	.	PUNCT
ajfa-9359	234	1	thus	thus	ADV
ajfa-9359	234	2	,	,	PUNCT
ajfa-9359	234	3	the	the	DET
ajfa-9359	234	4	fifth	fifth	ADJ
ajfa-9359	234	5	hypothesis	hypothesis	NOUN
ajfa-9359	234	6	(	(	PUNCT
ajfa-9359	234	7	h5	h5	PROPN
ajfa-9359	234	8	)	)	PUNCT
ajfa-9359	234	9	,	,	PUNCT
ajfa-9359	234	10	namely	namely	ADV
ajfa-9359	234	11	,	,	PUNCT
ajfa-9359	234	12	“	"	PUNCT
ajfa-9359	234	13	there	there	PRON
ajfa-9359	234	14	is	be	VERB
ajfa-9359	234	15	a	a	DET
ajfa-9359	234	16	negative	negative	ADJ
ajfa-9359	234	17	impact	impact	NOUN
ajfa-9359	234	18	of	of	ADP
ajfa-9359	234	19	liquidity	liquidity	NOUN
ajfa-9359	234	20	of	of	ADP
ajfa-9359	234	21	oil	oil	NOUN
ajfa-9359	234	22	and	and	CCONJ
ajfa-9359	234	23	gas	gas	NOUN
ajfa-9359	234	24	firms	firm	NOUN
ajfa-9359	234	25	on	on	ADP
ajfa-9359	234	26	leverage	leverage	NOUN
ajfa-9359	234	27	”	"	PUNCT
ajfa-9359	234	28	is	be	AUX
ajfa-9359	234	29	accepted	accept	VERB
ajfa-9359	234	30	.	.	PUNCT
ajfa-9359	235	1	this	this	PRON
ajfa-9359	235	2	can	can	AUX
ajfa-9359	235	3	be	be	AUX
ajfa-9359	235	4	interpreted	interpret	VERB
ajfa-9359	235	5	by	by	ADP
ajfa-9359	235	6	the	the	DET
ajfa-9359	235	7	fact	fact	NOUN
ajfa-9359	235	8	that	that	SCONJ
ajfa-9359	235	9	when	when	SCONJ
ajfa-9359	235	10	there	there	PRON
ajfa-9359	235	11	is	be	VERB
ajfa-9359	235	12	an	an	DET
ajfa-9359	235	13	increase	increase	NOUN
ajfa-9359	235	14	in	in	ADP
ajfa-9359	235	15	liquidity	liquidity	NOUN
ajfa-9359	235	16	by	by	ADP
ajfa-9359	235	17	1	1	NUM
ajfa-9359	235	18	%	%	NOUN
ajfa-9359	235	19	,	,	PUNCT
ajfa-9359	235	20	debt	debt	NOUN
ajfa-9359	235	21	will	will	AUX
ajfa-9359	235	22	decrease	decrease	VERB
ajfa-9359	235	23	by	by	ADP
ajfa-9359	235	24	0.02%.thus	0.02%.thu	NOUN
ajfa-9359	235	25	,	,	PUNCT
ajfa-9359	235	26	it	it	PRON
ajfa-9359	235	27	can	can	AUX
ajfa-9359	235	28	be	be	AUX
ajfa-9359	235	29	concluded	conclude	VERB
ajfa-9359	235	30	that	that	SCONJ
ajfa-9359	235	31	borrowing	borrowing	NOUN
ajfa-9359	235	32	in	in	ADP
ajfa-9359	235	33	the	the	DET
ajfa-9359	235	34	selected	select	VERB
ajfa-9359	235	35	oil	oil	NOUN
ajfa-9359	235	36	and	and	CCONJ
ajfa-9359	235	37	gas	gas	NOUN
ajfa-9359	235	38	firms	firm	NOUN
ajfa-9359	235	39	could	could	AUX
ajfa-9359	235	40	be	be	AUX
ajfa-9359	235	41	expensive	expensive	ADJ
ajfa-9359	235	42	and	and	CCONJ
ajfa-9359	235	43	oil	oil	NOUN
ajfa-9359	235	44	and	and	CCONJ
ajfa-9359	235	45	gas	gas	NOUN
ajfa-9359	235	46	firms	firm	NOUN
ajfa-9359	235	47	prefer	prefer	VERB
ajfa-9359	235	48	to	to	PART
ajfa-9359	235	49	finance	finance	VERB
ajfa-9359	235	50	their	their	PRON
ajfa-9359	235	51	needed	need	VERB
ajfa-9359	235	52	fund	fund	NOUN
ajfa-9359	235	53	through	through	ADP
ajfa-9359	235	54	their	their	PRON
ajfa-9359	235	55	liquid	liquid	ADJ
ajfa-9359	235	56	assets	asset	NOUN
ajfa-9359	235	57	.	.	PUNCT
ajfa-9359	236	1	asian	asian	ADJ
ajfa-9359	236	2	journal	journal	PROPN
ajfa-9359	236	3	of	of	ADP
ajfa-9359	236	4	finance	finance	PROPN
ajfa-9359	236	5	&	&	CCONJ
ajfa-9359	236	6	accounting	accounting	PROPN
ajfa-9359	236	7	issn	issn	PROPN
ajfa-9359	236	8	1946	1946	NUM
ajfa-9359	236	9	-	-	PUNCT
ajfa-9359	236	10	052x	052x	PROPN
ajfa-9359	236	11	2017	2017	NUM
ajfa-9359	236	12	,	,	PUNCT
ajfa-9359	236	13	vol	vol	NOUN
ajfa-9359	236	14	.	.	NOUN
ajfa-9359	236	15	9	9	NUM
ajfa-9359	236	16	,	,	PUNCT
ajfa-9359	236	17	no	no	INTJ
ajfa-9359	236	18	.	.	NOUN
ajfa-9359	236	19	1	1	NUM
ajfa-9359	236	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	236	21	15	15	NUM
ajfa-9359	236	22	in	in	ADP
ajfa-9359	236	23	the	the	DET
ajfa-9359	236	24	other	other	ADJ
ajfa-9359	236	25	words	word	NOUN
ajfa-9359	236	26	,	,	PUNCT
ajfa-9359	236	27	firms	firm	NOUN
ajfa-9359	236	28	that	that	PRON
ajfa-9359	236	29	have	have	VERB
ajfa-9359	236	30	higher	high	ADJ
ajfa-9359	236	31	liquidity	liquidity	NOUN
ajfa-9359	236	32	prefer	prefer	NOUN
ajfa-9359	236	33	to	to	PART
ajfa-9359	236	34	use	use	VERB
ajfa-9359	236	35	internal	internal	ADJ
ajfa-9359	236	36	assets	asset	NOUN
ajfa-9359	236	37	as	as	ADP
ajfa-9359	236	38	a	a	DET
ajfa-9359	236	39	finance	finance	NOUN
ajfa-9359	236	40	source	source	NOUN
ajfa-9359	236	41	;	;	PUNCT
ajfa-9359	236	42	this	this	PRON
ajfa-9359	236	43	is	be	AUX
ajfa-9359	236	44	in	in	ADP
ajfa-9359	236	45	agreement	agreement	NOUN
ajfa-9359	236	46	with	with	ADP
ajfa-9359	236	47	pecking	pecking	NOUN
ajfa-9359	236	48	order	order	NOUN
ajfa-9359	236	49	theory	theory	NOUN
ajfa-9359	236	50	assumptions	assumption	NOUN
ajfa-9359	236	51	.	.	PUNCT
ajfa-9359	237	1	in	in	ADP
ajfa-9359	237	2	addition	addition	NOUN
ajfa-9359	237	3	,	,	PUNCT
ajfa-9359	237	4	it	it	PRON
ajfa-9359	237	5	is	be	AUX
ajfa-9359	237	6	found	find	VERB
ajfa-9359	237	7	that	that	SCONJ
ajfa-9359	237	8	in	in	ADP
ajfa-9359	237	9	case	case	NOUN
ajfa-9359	237	10	of	of	ADP
ajfa-9359	237	11	not	not	PART
ajfa-9359	237	12	having	have	VERB
ajfa-9359	237	13	enough	enough	ADJ
ajfa-9359	237	14	internal	internal	ADJ
ajfa-9359	237	15	financing	financing	NOUN
ajfa-9359	237	16	,	,	PUNCT
ajfa-9359	237	17	oil	oil	NOUN
ajfa-9359	237	18	and	and	CCONJ
ajfa-9359	237	19	gas	gas	NOUN
ajfa-9359	237	20	firms	firm	NOUN
ajfa-9359	237	21	tend	tend	VERB
ajfa-9359	237	22	to	to	PART
ajfa-9359	237	23	choose	choose	VERB
ajfa-9359	237	24	equity	equity	NOUN
ajfa-9359	237	25	financing	financing	NOUN
ajfa-9359	237	26	as	as	ADP
ajfa-9359	237	27	an	an	DET
ajfa-9359	237	28	alternative	alternative	ADJ
ajfa-9359	237	29	financing	financing	NOUN
ajfa-9359	237	30	source	source	NOUN
ajfa-9359	237	31	.	.	PUNCT
ajfa-9359	238	1	thus	thus	ADV
ajfa-9359	238	2	,	,	PUNCT
ajfa-9359	238	3	this	this	DET
ajfa-9359	238	4	finding	finding	NOUN
ajfa-9359	238	5	is	be	AUX
ajfa-9359	238	6	in	in	ADP
ajfa-9359	238	7	line	line	NOUN
ajfa-9359	238	8	with	with	ADP
ajfa-9359	238	9	ozkan	ozkan	NOUN
ajfa-9359	238	10	(	(	PUNCT
ajfa-9359	238	11	2001	2001	NUM
ajfa-9359	238	12	)	)	PUNCT
ajfa-9359	238	13	,	,	PUNCT
ajfa-9359	238	14	who	who	PRON
ajfa-9359	238	15	states	state	VERB
ajfa-9359	238	16	that	that	SCONJ
ajfa-9359	238	17	liquidity	liquidity	NOUN
ajfa-9359	238	18	is	be	AUX
ajfa-9359	238	19	negatively	negatively	ADV
ajfa-9359	238	20	related	relate	VERB
ajfa-9359	238	21	to	to	ADP
ajfa-9359	238	22	debt	debt	NOUN
ajfa-9359	238	23	.	.	PUNCT
ajfa-9359	239	1	according	accord	VERB
ajfa-9359	239	2	to	to	ADP
ajfa-9359	239	3	ozkan	ozkan	NOUN
ajfa-9359	239	4	(	(	PUNCT
ajfa-9359	239	5	2001	2001	NUM
ajfa-9359	239	6	)	)	PUNCT
ajfa-9359	239	7	,	,	PUNCT
ajfa-9359	239	8	this	this	DET
ajfa-9359	239	9	kind	kind	NOUN
ajfa-9359	239	10	of	of	ADP
ajfa-9359	239	11	relationship	relationship	NOUN
ajfa-9359	239	12	may	may	AUX
ajfa-9359	239	13	arise	arise	VERB
ajfa-9359	239	14	from	from	ADP
ajfa-9359	239	15	conflicts	conflict	NOUN
ajfa-9359	239	16	among	among	ADP
ajfa-9359	239	17	shareholders	shareholder	NOUN
ajfa-9359	239	18	.	.	PUNCT
ajfa-9359	240	1	this	this	PRON
ajfa-9359	240	2	could	could	AUX
ajfa-9359	240	3	be	be	AUX
ajfa-9359	240	4	interpreted	interpret	VERB
ajfa-9359	240	5	by	by	ADP
ajfa-9359	240	6	the	the	DET
ajfa-9359	240	7	fact	fact	NOUN
ajfa-9359	240	8	that	that	SCONJ
ajfa-9359	240	9	if	if	SCONJ
ajfa-9359	240	10	firm	firm	ADJ
ajfa-9359	240	11	shareholders	shareholder	NOUN
ajfa-9359	240	12	attempt	attempt	VERB
ajfa-9359	240	13	to	to	PART
ajfa-9359	240	14	change	change	VERB
ajfa-9359	240	15	the	the	DET
ajfa-9359	240	16	price	price	NOUN
ajfa-9359	240	17	of	of	ADP
ajfa-9359	240	18	firm	firm	ADJ
ajfa-9359	240	19	assets	asset	NOUN
ajfa-9359	240	20	for	for	ADP
ajfa-9359	240	21	their	their	PRON
ajfa-9359	240	22	personal	personal	ADJ
ajfa-9359	240	23	benefits	benefit	NOUN
ajfa-9359	240	24	and	and	CCONJ
ajfa-9359	240	25	impose	impose	VERB
ajfa-9359	240	26	the	the	DET
ajfa-9359	240	27	expenses	expense	NOUN
ajfa-9359	240	28	on	on	ADP
ajfa-9359	240	29	bond	bond	NOUN
ajfa-9359	240	30	and	and	CCONJ
ajfa-9359	240	31	stock	stock	NOUN
ajfa-9359	240	32	holders	holder	NOUN
ajfa-9359	240	33	,	,	PUNCT
ajfa-9359	240	34	there	there	PRON
ajfa-9359	240	35	will	will	AUX
ajfa-9359	240	36	be	be	AUX
ajfa-9359	240	37	a	a	DET
ajfa-9359	240	38	conflict	conflict	NOUN
ajfa-9359	240	39	.	.	PUNCT
ajfa-9359	241	1	however	however	ADV
ajfa-9359	241	2	,	,	PUNCT
ajfa-9359	241	3	if	if	SCONJ
ajfa-9359	241	4	firms	firm	NOUN
ajfa-9359	241	5	have	have	VERB
ajfa-9359	241	6	a	a	DET
ajfa-9359	241	7	consistent	consistent	ADJ
ajfa-9359	241	8	reserve	reserve	NOUN
ajfa-9359	241	9	of	of	ADP
ajfa-9359	241	10	cash	cash	NOUN
ajfa-9359	241	11	,	,	PUNCT
ajfa-9359	241	12	there	there	PRON
ajfa-9359	241	13	is	be	VERB
ajfa-9359	241	14	no	no	DET
ajfa-9359	241	15	need	need	NOUN
ajfa-9359	241	16	to	to	PART
ajfa-9359	241	17	increase	increase	VERB
ajfa-9359	241	18	the	the	DET
ajfa-9359	241	19	debt	debt	NOUN
ajfa-9359	241	20	.	.	PUNCT
ajfa-9359	242	1	money	money	NOUN
ajfa-9359	242	2	or	or	CCONJ
ajfa-9359	242	3	cash	cash	NOUN
ajfa-9359	242	4	is	be	AUX
ajfa-9359	242	5	constantly	constantly	ADV
ajfa-9359	242	6	taken	take	VERB
ajfa-9359	242	7	into	into	ADP
ajfa-9359	242	8	account	account	NOUN
ajfa-9359	242	9	as	as	ADP
ajfa-9359	242	10	the	the	DET
ajfa-9359	242	11	best	good	ADJ
ajfa-9359	242	12	indicator	indicator	NOUN
ajfa-9359	242	13	of	of	ADP
ajfa-9359	242	14	liquidity	liquidity	NOUN
ajfa-9359	242	15	.	.	PUNCT
ajfa-9359	243	1	therefore	therefore	ADV
ajfa-9359	243	2	,	,	PUNCT
ajfa-9359	243	3	it	it	PRON
ajfa-9359	243	4	is	be	AUX
ajfa-9359	243	5	assumed	assume	VERB
ajfa-9359	243	6	that	that	SCONJ
ajfa-9359	243	7	large	large	ADJ
ajfa-9359	243	8	firms	firm	NOUN
ajfa-9359	243	9	have	have	VERB
ajfa-9359	243	10	more	more	ADJ
ajfa-9359	243	11	cash	cash	NOUN
ajfa-9359	243	12	.	.	PUNCT
ajfa-9359	244	1	in	in	ADP
ajfa-9359	244	2	some	some	DET
ajfa-9359	244	3	critical	critical	ADJ
ajfa-9359	244	4	situations	situation	NOUN
ajfa-9359	244	5	like	like	ADP
ajfa-9359	244	6	a	a	DET
ajfa-9359	244	7	recession	recession	NOUN
ajfa-9359	244	8	,	,	PUNCT
ajfa-9359	244	9	debt	debt	NOUN
ajfa-9359	244	10	is	be	AUX
ajfa-9359	244	11	considered	consider	VERB
ajfa-9359	244	12	a	a	DET
ajfa-9359	244	13	threat	threat	NOUN
ajfa-9359	244	14	,	,	PUNCT
ajfa-9359	244	15	to	to	ADP
ajfa-9359	244	16	liquid	liquid	ADJ
ajfa-9359	244	17	assets	asset	NOUN
ajfa-9359	244	18	.	.	PUNCT
ajfa-9359	245	1	as	as	ADP
ajfa-9359	245	2	a	a	DET
ajfa-9359	245	3	result	result	NOUN
ajfa-9359	245	4	,	,	PUNCT
ajfa-9359	245	5	it	it	PRON
ajfa-9359	245	6	is	be	AUX
ajfa-9359	245	7	better	well	ADJ
ajfa-9359	245	8	for	for	SCONJ
ajfa-9359	245	9	firms	firm	NOUN
ajfa-9359	245	10	to	to	PART
ajfa-9359	245	11	have	have	VERB
ajfa-9359	245	12	no	no	DET
ajfa-9359	245	13	borrowing	borrowing	NOUN
ajfa-9359	245	14	.	.	PUNCT
ajfa-9359	246	1	4.5.6	4.5.6	DET
ajfa-9359	246	2	leverage	leverage	NOUN
ajfa-9359	246	3	with	with	ADP
ajfa-9359	246	4	non	non	ADJ
ajfa-9359	246	5	-	-	ADJ
ajfa-9359	246	6	debt	debt	ADJ
ajfa-9359	246	7	tax	tax	NOUN
ajfa-9359	246	8	shield	shield	NOUN
ajfa-9359	246	9	the	the	DET
ajfa-9359	246	10	ratio	ratio	NOUN
ajfa-9359	246	11	of	of	ADP
ajfa-9359	246	12	annual	annual	ADJ
ajfa-9359	246	13	depreciation	depreciation	NOUN
ajfa-9359	246	14	expense	expense	NOUN
ajfa-9359	246	15	to	to	ADP
ajfa-9359	246	16	total	total	ADJ
ajfa-9359	246	17	assets	asset	NOUN
ajfa-9359	246	18	is	be	AUX
ajfa-9359	246	19	taken	take	VERB
ajfa-9359	246	20	as	as	ADP
ajfa-9359	246	21	a	a	DET
ajfa-9359	246	22	proxy	proxy	NOUN
ajfa-9359	246	23	for	for	ADP
ajfa-9359	246	24	non	non	ADJ
ajfa-9359	246	25	-	-	ADJ
ajfa-9359	246	26	debt	debt	ADJ
ajfa-9359	246	27	tax	tax	NOUN
ajfa-9359	246	28	shield	shield	NOUN
ajfa-9359	246	29	.	.	PUNCT
ajfa-9359	247	1	this	this	DET
ajfa-9359	247	2	study	study	NOUN
ajfa-9359	247	3	finds	find	VERB
ajfa-9359	247	4	that	that	SCONJ
ajfa-9359	247	5	non	non	ADJ
ajfa-9359	247	6	-	-	ADJ
ajfa-9359	247	7	debt	debt	ADJ
ajfa-9359	247	8	tax	tax	NOUN
ajfa-9359	247	9	shield	shield	NOUN
ajfa-9359	247	10	is	be	AUX
ajfa-9359	247	11	negatively	negatively	ADV
ajfa-9359	247	12	related	relate	VERB
ajfa-9359	247	13	to	to	ADP
ajfa-9359	247	14	leverage	leverage	NOUN
ajfa-9359	247	15	;	;	PUNCT
ajfa-9359	247	16	the	the	DET
ajfa-9359	247	17	relationship	relationship	NOUN
ajfa-9359	247	18	is	be	AUX
ajfa-9359	247	19	significant	significant	ADJ
ajfa-9359	247	20	at	at	ADP
ajfa-9359	247	21	the	the	DET
ajfa-9359	247	22	1	1	NUM
ajfa-9359	247	23	%	%	NOUN
ajfa-9359	247	24	level	level	NOUN
ajfa-9359	247	25	.	.	PUNCT
ajfa-9359	248	1	thus	thus	ADV
ajfa-9359	248	2	,	,	PUNCT
ajfa-9359	248	3	the	the	DET
ajfa-9359	248	4	sixth	sixth	ADJ
ajfa-9359	248	5	hypothesis	hypothesis	NOUN
ajfa-9359	248	6	(	(	PUNCT
ajfa-9359	248	7	h6	h6	PROPN
ajfa-9359	248	8	)	)	PUNCT
ajfa-9359	248	9	,	,	PUNCT
ajfa-9359	248	10	namely	namely	ADV
ajfa-9359	248	11	,	,	PUNCT
ajfa-9359	248	12	“	"	PUNCT
ajfa-9359	248	13	there	there	PRON
ajfa-9359	248	14	is	be	VERB
ajfa-9359	248	15	a	a	DET
ajfa-9359	248	16	negative	negative	ADJ
ajfa-9359	248	17	impact	impact	NOUN
ajfa-9359	248	18	of	of	ADP
ajfa-9359	248	19	ndts	ndts	NOUN
ajfa-9359	248	20	of	of	ADP
ajfa-9359	248	21	oil	oil	NOUN
ajfa-9359	248	22	and	and	CCONJ
ajfa-9359	248	23	gas	gas	NOUN
ajfa-9359	248	24	firms	firm	NOUN
ajfa-9359	248	25	on	on	ADP
ajfa-9359	248	26	leverage	leverage	NOUN
ajfa-9359	248	27	”	"	PUNCT
ajfa-9359	248	28	is	be	AUX
ajfa-9359	248	29	accepted	accept	VERB
ajfa-9359	248	30	.	.	PUNCT
ajfa-9359	249	1	according	accord	VERB
ajfa-9359	249	2	to	to	ADP
ajfa-9359	249	3	the	the	DET
ajfa-9359	249	4	finding	finding	NOUN
ajfa-9359	249	5	that	that	SCONJ
ajfa-9359	249	6	an	an	DET
ajfa-9359	249	7	increase	increase	NOUN
ajfa-9359	249	8	in	in	ADP
ajfa-9359	249	9	non	non	ADJ
ajfa-9359	249	10	-	-	ADJ
ajfa-9359	249	11	debt	debt	ADJ
ajfa-9359	249	12	tax	tax	NOUN
ajfa-9359	249	13	shields	shield	NOUN
ajfa-9359	249	14	negatively	negatively	ADV
ajfa-9359	249	15	affects	affect	VERB
ajfa-9359	249	16	leverage	leverage	NOUN
ajfa-9359	249	17	,	,	PUNCT
ajfa-9359	249	18	non	non	ADJ
ajfa-9359	249	19	-	-	ADJ
ajfa-9359	249	20	debt	debt	ADJ
ajfa-9359	249	21	tax	tax	NOUN
ajfa-9359	249	22	shields	shield	NOUN
ajfa-9359	249	23	are	be	AUX
ajfa-9359	249	24	considered	consider	VERB
ajfa-9359	249	25	as	as	ADP
ajfa-9359	249	26	an	an	DET
ajfa-9359	249	27	alternative	alternative	NOUN
ajfa-9359	249	28	for	for	ADP
ajfa-9359	249	29	the	the	DET
ajfa-9359	249	30	tax	tax	NOUN
ajfa-9359	249	31	benefits	benefit	NOUN
ajfa-9359	249	32	of	of	ADP
ajfa-9359	249	33	leverage	leverage	NOUN
ajfa-9359	249	34	financing	financing	NOUN
ajfa-9359	249	35	to	to	ADP
ajfa-9359	249	36	depreciation	depreciation	NOUN
ajfa-9359	249	37	,	,	PUNCT
ajfa-9359	249	38	as	as	SCONJ
ajfa-9359	249	39	suggested	suggest	VERB
ajfa-9359	249	40	by	by	ADP
ajfa-9359	249	41	wald	wald	X
ajfa-9359	249	42	(	(	PUNCT
ajfa-9359	249	43	1999).oil	1999).oil	NUM
ajfa-9359	249	44	and	and	CCONJ
ajfa-9359	249	45	gas	gas	NOUN
ajfa-9359	249	46	companies	company	NOUN
ajfa-9359	249	47	that	that	PRON
ajfa-9359	249	48	are	be	AUX
ajfa-9359	249	49	with	with	ADP
ajfa-9359	249	50	higher	high	ADJ
ajfa-9359	249	51	non	non	ADJ
ajfa-9359	249	52	-	-	ADJ
ajfa-9359	249	53	debt	debt	ADJ
ajfa-9359	249	54	tax	tax	NOUN
ajfa-9359	249	55	shields	shield	NOUN
ajfa-9359	249	56	are	be	AUX
ajfa-9359	249	57	assumed	assume	VERB
ajfa-9359	249	58	to	to	PART
ajfa-9359	249	59	have	have	VERB
ajfa-9359	249	60	less	less	ADJ
ajfa-9359	249	61	long	long	ADJ
ajfa-9359	249	62	-	-	PUNCT
ajfa-9359	249	63	term	term	NOUN
ajfa-9359	249	64	debt	debt	NOUN
ajfa-9359	249	65	in	in	ADP
ajfa-9359	249	66	relative	relative	ADJ
ajfa-9359	249	67	to	to	ADP
ajfa-9359	249	68	other	other	ADJ
ajfa-9359	249	69	firms	firm	NOUN
ajfa-9359	249	70	of	of	ADP
ajfa-9359	249	71	other	other	ADJ
ajfa-9359	249	72	industries	industry	NOUN
ajfa-9359	249	73	.	.	PUNCT
ajfa-9359	250	1	according	accord	VERB
ajfa-9359	250	2	to	to	ADP
ajfa-9359	250	3	ozkan	ozkan	NOUN
ajfa-9359	250	4	(	(	PUNCT
ajfa-9359	250	5	2001	2001	NUM
ajfa-9359	250	6	)	)	PUNCT
ajfa-9359	250	7	,	,	PUNCT
ajfa-9359	250	8	a	a	DET
ajfa-9359	250	9	non	non	ADJ
ajfa-9359	250	10	-	-	ADJ
ajfa-9359	250	11	debt	debt	ADJ
ajfa-9359	250	12	tax	tax	NOUN
ajfa-9359	250	13	shield	shield	NOUN
ajfa-9359	250	14	is	be	AUX
ajfa-9359	250	15	significant	significant	ADJ
ajfa-9359	250	16	and	and	CCONJ
ajfa-9359	250	17	inversely	inversely	ADV
ajfa-9359	250	18	related	relate	VERB
ajfa-9359	250	19	to	to	ADP
ajfa-9359	250	20	leverage	leverage	NOUN
ajfa-9359	250	21	.	.	PUNCT
ajfa-9359	251	1	he	he	PRON
ajfa-9359	251	2	suggests	suggest	VERB
ajfa-9359	251	3	that	that	SCONJ
ajfa-9359	251	4	firms	firm	NOUN
ajfa-9359	251	5	that	that	PRON
ajfa-9359	251	6	have	have	VERB
ajfa-9359	251	7	a	a	DET
ajfa-9359	251	8	high	high	ADJ
ajfa-9359	251	9	level	level	NOUN
ajfa-9359	251	10	of	of	ADP
ajfa-9359	251	11	non	non	ADJ
ajfa-9359	251	12	-	-	ADJ
ajfa-9359	251	13	debt	debt	ADJ
ajfa-9359	251	14	tax	tax	NOUN
ajfa-9359	251	15	shields	shield	NOUN
ajfa-9359	251	16	that	that	PRON
ajfa-9359	251	17	can	can	AUX
ajfa-9359	251	18	be	be	AUX
ajfa-9359	251	19	deducted	deduct	VERB
ajfa-9359	251	20	from	from	ADP
ajfa-9359	251	21	taxable	taxable	ADJ
ajfa-9359	251	22	income	income	NOUN
ajfa-9359	251	23	are	be	AUX
ajfa-9359	251	24	supposed	suppose	VERB
ajfa-9359	251	25	to	to	PART
ajfa-9359	251	26	have	have	VERB
ajfa-9359	251	27	less	less	ADJ
ajfa-9359	251	28	debt	debt	NOUN
ajfa-9359	251	29	compared	compare	VERB
ajfa-9359	251	30	to	to	ADP
ajfa-9359	251	31	other	other	ADJ
ajfa-9359	251	32	firms	firm	NOUN
ajfa-9359	251	33	,	,	PUNCT
ajfa-9359	251	34	ceteris	ceteris	NOUN
ajfa-9359	251	35	paribus	paribus	NOUN
ajfa-9359	251	36	.	.	PUNCT
ajfa-9359	252	1	in	in	ADP
ajfa-9359	252	2	a	a	DET
ajfa-9359	252	3	study	study	NOUN
ajfa-9359	252	4	conducted	conduct	VERB
ajfa-9359	252	5	by	by	ADP
ajfa-9359	252	6	deangelo	deangelo	PROPN
ajfa-9359	252	7	and	and	CCONJ
ajfa-9359	252	8	masulis	masulis	PROPN
ajfa-9359	252	9	(	(	PUNCT
ajfa-9359	252	10	1980	1980	NUM
ajfa-9359	252	11	)	)	PUNCT
ajfa-9359	252	12	,	,	PUNCT
ajfa-9359	252	13	it	it	PRON
ajfa-9359	252	14	is	be	AUX
ajfa-9359	252	15	found	find	VERB
ajfa-9359	252	16	that	that	SCONJ
ajfa-9359	252	17	firms	firm	NOUN
ajfa-9359	252	18	that	that	PRON
ajfa-9359	252	19	have	have	VERB
ajfa-9359	252	20	greater	great	ADJ
ajfa-9359	252	21	non	non	ADJ
ajfa-9359	252	22	-	-	ADJ
ajfa-9359	252	23	debt	debt	ADJ
ajfa-9359	252	24	tax	tax	NOUN
ajfa-9359	252	25	deductions	deduction	NOUN
ajfa-9359	252	26	use	use	VERB
ajfa-9359	252	27	less	less	ADJ
ajfa-9359	252	28	debt	debt	NOUN
ajfa-9359	252	29	compared	compare	VERB
ajfa-9359	252	30	to	to	ADP
ajfa-9359	252	31	equity	equity	NOUN
ajfa-9359	252	32	.	.	PUNCT
ajfa-9359	253	1	therefore	therefore	ADV
ajfa-9359	253	2	,	,	PUNCT
ajfa-9359	253	3	this	this	DET
ajfa-9359	253	4	finding	finding	NOUN
ajfa-9359	253	5	is	be	AUX
ajfa-9359	253	6	in	in	ADP
ajfa-9359	253	7	line	line	NOUN
ajfa-9359	253	8	with	with	ADP
ajfa-9359	253	9	many	many	ADJ
ajfa-9359	253	10	previous	previous	ADJ
ajfa-9359	253	11	studies	study	NOUN
ajfa-9359	253	12	such	such	ADJ
ajfa-9359	253	13	as	as	ADP
ajfa-9359	253	14	wald	wald	X
ajfa-9359	253	15	(	(	PUNCT
ajfa-9359	253	16	1999	1999	NUM
ajfa-9359	253	17	)	)	PUNCT
ajfa-9359	253	18	,	,	PUNCT
ajfa-9359	253	19	wanzenried	wanzenrie	VERB
ajfa-9359	253	20	(	(	PUNCT
ajfa-9359	253	21	2002	2002	NUM
ajfa-9359	253	22	)	)	PUNCT
ajfa-9359	253	23	,	,	PUNCT
ajfa-9359	253	24	and	and	CCONJ
ajfa-9359	253	25	gaud	gaud	VERB
ajfa-9359	253	26	et	et	PROPN
ajfa-9359	253	27	al	al	PROPN
ajfa-9359	253	28	.	.	PUNCT
ajfa-9359	254	1	(	(	PUNCT
ajfa-9359	254	2	2003).also	2003).also	ADV
ajfa-9359	254	3	,	,	PUNCT
ajfa-9359	254	4	it	it	PRON
ajfa-9359	254	5	is	be	AUX
ajfa-9359	254	6	consistent	consistent	ADJ
ajfa-9359	254	7	with	with	ADP
ajfa-9359	254	8	trade	trade	NOUN
ajfa-9359	254	9	-	-	PUNCT
ajfa-9359	254	10	off	off	ADP
ajfa-9359	254	11	theory	theory	NOUN
ajfa-9359	254	12	,	,	PUNCT
ajfa-9359	254	13	which	which	PRON
ajfa-9359	254	14	suggests	suggest	VERB
ajfa-9359	254	15	that	that	SCONJ
ajfa-9359	254	16	when	when	SCONJ
ajfa-9359	254	17	there	there	PRON
ajfa-9359	254	18	is	be	VERB
ajfa-9359	254	19	an	an	DET
ajfa-9359	254	20	increase	increase	NOUN
ajfa-9359	254	21	in	in	ADP
ajfa-9359	254	22	the	the	DET
ajfa-9359	254	23	amount	amount	NOUN
ajfa-9359	254	24	of	of	ADP
ajfa-9359	254	25	non	non	ADJ
ajfa-9359	254	26	-	-	ADJ
ajfa-9359	254	27	debt	debt	ADJ
ajfa-9359	254	28	tax	tax	NOUN
ajfa-9359	254	29	shield	shield	NOUN
ajfa-9359	254	30	in	in	ADP
ajfa-9359	254	31	a	a	DET
ajfa-9359	254	32	firm	firm	NOUN
ajfa-9359	254	33	,	,	PUNCT
ajfa-9359	254	34	debt	debt	NOUN
ajfa-9359	254	35	would	would	AUX
ajfa-9359	254	36	be	be	AUX
ajfa-9359	254	37	not	not	PART
ajfa-9359	254	38	needed	need	VERB
ajfa-9359	254	39	.	.	PUNCT
ajfa-9359	255	1	4.6	4.6	NUM
ajfa-9359	255	2	the	the	DET
ajfa-9359	255	3	effect	effect	NOUN
ajfa-9359	255	4	of	of	ADP
ajfa-9359	255	5	the	the	DET
ajfa-9359	255	6	global	global	ADJ
ajfa-9359	255	7	financial	financial	ADJ
ajfa-9359	255	8	crisis	crisis	NOUN
ajfa-9359	255	9	on	on	ADP
ajfa-9359	255	10	the	the	DET
ajfa-9359	255	11	capital	capital	NOUN
ajfa-9359	255	12	structure	structure	NOUN
ajfa-9359	255	13	determinants	determinant	NOUN
ajfa-9359	255	14	in	in	ADP
ajfa-9359	255	15	order	order	NOUN
ajfa-9359	255	16	to	to	PART
ajfa-9359	255	17	investigate	investigate	VERB
ajfa-9359	255	18	the	the	DET
ajfa-9359	255	19	impact	impact	NOUN
ajfa-9359	255	20	of	of	ADP
ajfa-9359	255	21	the	the	DET
ajfa-9359	255	22	global	global	ADJ
ajfa-9359	255	23	financial	financial	ADJ
ajfa-9359	255	24	crisis	crisis	NOUN
ajfa-9359	255	25	on	on	ADP
ajfa-9359	255	26	the	the	DET
ajfa-9359	255	27	determinants	determinant	NOUN
ajfa-9359	255	28	of	of	ADP
ajfa-9359	255	29	capital	capital	NOUN
ajfa-9359	255	30	structure	structure	NOUN
ajfa-9359	255	31	of	of	ADP
ajfa-9359	255	32	oil	oil	NOUN
ajfa-9359	255	33	and	and	CCONJ
ajfa-9359	255	34	gas	gas	NOUN
ajfa-9359	255	35	firms	firm	NOUN
ajfa-9359	255	36	,	,	PUNCT
ajfa-9359	255	37	the	the	DET
ajfa-9359	255	38	study	study	NOUN
ajfa-9359	255	39	examines	examine	VERB
ajfa-9359	255	40	the	the	DET
ajfa-9359	255	41	potential	potential	ADJ
ajfa-9359	255	42	effects	effect	NOUN
ajfa-9359	255	43	of	of	ADP
ajfa-9359	255	44	the	the	DET
ajfa-9359	255	45	crisis	crisis	NOUN
ajfa-9359	255	46	through	through	ADP
ajfa-9359	255	47	dividing	divide	VERB
ajfa-9359	255	48	the	the	DET
ajfa-9359	255	49	study	study	NOUN
ajfa-9359	255	50	period	period	NOUN
ajfa-9359	255	51	into	into	ADP
ajfa-9359	255	52	three	three	NUM
ajfa-9359	255	53	different	different	ADJ
ajfa-9359	255	54	periods	period	NOUN
ajfa-9359	255	55	:	:	PUNCT
ajfa-9359	255	56	namely	namely	ADV
ajfa-9359	255	57	,	,	PUNCT
ajfa-9359	255	58	2000	2000	NUM
ajfa-9359	255	59	-	-	SYM
ajfa-9359	255	60	2006	2006	NUM
ajfa-9359	255	61	as	as	ADP
ajfa-9359	255	62	the	the	DET
ajfa-9359	255	63	pre	pre	ADJ
ajfa-9359	255	64	-	-	ADJ
ajfa-9359	255	65	crisis	crisis	ADJ
ajfa-9359	255	66	period	period	NOUN
ajfa-9359	255	67	,	,	PUNCT
ajfa-9359	255	68	2007	2007	NUM
ajfa-9359	255	69	-	-	SYM
ajfa-9359	255	70	2009	2009	NUM
ajfa-9359	255	71	as	as	ADP
ajfa-9359	255	72	the	the	DET
ajfa-9359	255	73	crisis	crisis	NOUN
ajfa-9359	255	74	period	period	NOUN
ajfa-9359	255	75	,	,	PUNCT
ajfa-9359	255	76	and	and	CCONJ
ajfa-9359	255	77	2010	2010	NUM
ajfa-9359	255	78	2015	2015	NUM
ajfa-9359	255	79	as	as	ADP
ajfa-9359	255	80	the	the	DET
ajfa-9359	255	81	post	post	ADJ
ajfa-9359	255	82	-	-	ADJ
ajfa-9359	255	83	crisis	crisis	ADJ
ajfa-9359	255	84	period	period	NOUN
ajfa-9359	255	85	.	.	PUNCT
ajfa-9359	256	1	then	then	ADV
ajfa-9359	256	2	,	,	PUNCT
ajfa-9359	256	3	this	this	DET
ajfa-9359	256	4	study	study	NOUN
ajfa-9359	256	5	implements	implement	VERB
ajfa-9359	256	6	the	the	DET
ajfa-9359	256	7	both	both	CCONJ
ajfa-9359	256	8	the	the	DET
ajfa-9359	256	9	descriptive	descriptive	ADJ
ajfa-9359	256	10	statistics	statistic	NOUN
ajfa-9359	256	11	analysis	analysis	NOUN
ajfa-9359	256	12	and	and	CCONJ
ajfa-9359	256	13	the	the	DET
ajfa-9359	256	14	ols	ol	NOUN
ajfa-9359	256	15	regression	regression	NOUN
ajfa-9359	256	16	analysis	analysis	NOUN
ajfa-9359	256	17	of	of	ADP
ajfa-9359	256	18	the	the	DET
ajfa-9359	256	19	three	three	NUM
ajfa-9359	256	20	different	different	ADJ
ajfa-9359	256	21	periods	period	NOUN
ajfa-9359	256	22	separately	separately	ADV
ajfa-9359	256	23	,	,	PUNCT
ajfa-9359	256	24	as	as	SCONJ
ajfa-9359	256	25	shown	show	VERB
ajfa-9359	256	26	in	in	ADP
ajfa-9359	256	27	table	table	NOUN
ajfa-9359	256	28	4.7	4.7	NUM
ajfa-9359	256	29	and	and	CCONJ
ajfa-9359	256	30	table	table	NOUN
ajfa-9359	256	31	4.8	4.8	NUM
ajfa-9359	256	32	in	in	ADP
ajfa-9359	256	33	the	the	DET
ajfa-9359	256	34	appendix	appendix	NOUN
ajfa-9359	256	35	.	.	PUNCT
ajfa-9359	257	1	4.6.1	4.6.1	NUM
ajfa-9359	257	2	descriptive	descriptive	ADJ
ajfa-9359	257	3	statistics	statistic	NOUN
ajfa-9359	257	4	in	in	ADP
ajfa-9359	257	5	order	order	NOUN
ajfa-9359	257	6	to	to	PART
ajfa-9359	257	7	investigates	investigate	VERB
ajfa-9359	257	8	if	if	SCONJ
ajfa-9359	257	9	there	there	PRON
ajfa-9359	257	10	is	be	VERB
ajfa-9359	257	11	any	any	DET
ajfa-9359	257	12	impact	impact	NOUN
ajfa-9359	257	13	of	of	ADP
ajfa-9359	257	14	the	the	DET
ajfa-9359	257	15	financial	financial	ADJ
ajfa-9359	257	16	crisis	crisis	NOUN
ajfa-9359	257	17	of	of	ADP
ajfa-9359	257	18	2007	2007	NUM
ajfa-9359	257	19	-	-	SYM
ajfa-9359	257	20	2009	2009	NUM
ajfa-9359	257	21	on	on	ADP
ajfa-9359	257	22	the	the	DET
ajfa-9359	257	23	capital	capital	NOUN
ajfa-9359	257	24	structure	structure	NOUN
ajfa-9359	257	25	determinants	determinant	NOUN
ajfa-9359	257	26	of	of	ADP
ajfa-9359	257	27	oil	oil	NOUN
ajfa-9359	257	28	and	and	CCONJ
ajfa-9359	257	29	gas	gas	NOUN
ajfa-9359	257	30	firms	firm	NOUN
ajfa-9359	257	31	in	in	ADP
ajfa-9359	257	32	terms	term	NOUN
ajfa-9359	257	33	of	of	ADP
ajfa-9359	257	34	the	the	DET
ajfa-9359	257	35	descriptive	descriptive	ADJ
ajfa-9359	257	36	statistics	statistic	NOUN
ajfa-9359	257	37	,	,	PUNCT
ajfa-9359	257	38	mean	mean	VERB
ajfa-9359	257	39	,	,	PUNCT
ajfa-9359	257	40	which	which	PRON
ajfa-9359	257	41	is	be	AUX
ajfa-9359	257	42	defined	define	VERB
ajfa-9359	257	43	as	as	ADP
ajfa-9359	257	44	the	the	DET
ajfa-9359	257	45	total	total	NOUN
ajfa-9359	257	46	of	of	ADP
ajfa-9359	257	47	the	the	DET
ajfa-9359	257	48	observations	observation	NOUN
ajfa-9359	257	49	divided	divide	VERB
ajfa-9359	257	50	by	by	ADP
ajfa-9359	257	51	the	the	DET
ajfa-9359	257	52	total	total	ADJ
ajfa-9359	257	53	number	number	NOUN
ajfa-9359	257	54	of	of	ADP
ajfa-9359	257	55	observations	observation	NOUN
ajfa-9359	257	56	asian	asian	ADJ
ajfa-9359	257	57	journal	journal	NOUN
ajfa-9359	257	58	of	of	ADP
ajfa-9359	257	59	finance	finance	PROPN
ajfa-9359	257	60	&	&	CCONJ
ajfa-9359	257	61	accounting	accounting	PROPN
ajfa-9359	257	62	issn	issn	PROPN
ajfa-9359	257	63	1946	1946	NUM
ajfa-9359	257	64	-	-	PUNCT
ajfa-9359	257	65	052x	052x	PROPN
ajfa-9359	257	66	2017	2017	NUM
ajfa-9359	257	67	,	,	PUNCT
ajfa-9359	257	68	vol	vol	NOUN
ajfa-9359	257	69	.	.	NOUN
ajfa-9359	257	70	9	9	NUM
ajfa-9359	257	71	,	,	PUNCT
ajfa-9359	257	72	no	no	INTJ
ajfa-9359	257	73	.	.	NOUN
ajfa-9359	257	74	1	1	NUM
ajfa-9359	257	75	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	257	76	16	16	NUM
ajfa-9359	257	77	is	be	AUX
ajfa-9359	257	78	examined	examine	VERB
ajfa-9359	257	79	during	during	ADP
ajfa-9359	257	80	the	the	DET
ajfa-9359	257	81	three	three	NUM
ajfa-9359	257	82	different	different	ADJ
ajfa-9359	257	83	periods	period	NOUN
ajfa-9359	257	84	:	:	PUNCT
ajfa-9359	257	85	pre	pre	ADJ
ajfa-9359	257	86	-	-	ADJ
ajfa-9359	257	87	crisis	crisis	ADJ
ajfa-9359	257	88	period	period	NOUN
ajfa-9359	257	89	,	,	PUNCT
ajfa-9359	257	90	the	the	DET
ajfa-9359	257	91	crisis	crisis	NOUN
ajfa-9359	257	92	period	period	NOUN
ajfa-9359	257	93	,	,	PUNCT
ajfa-9359	257	94	and	and	CCONJ
ajfa-9359	257	95	the	the	DET
ajfa-9359	257	96	post	post	NOUN
ajfa-9359	257	97	crisis	crisis	NOUN
ajfa-9359	257	98	period	period	NOUN
ajfa-9359	257	99	.	.	PUNCT
ajfa-9359	258	1	as	as	SCONJ
ajfa-9359	258	2	shown	show	VERB
ajfa-9359	258	3	in	in	ADP
ajfa-9359	258	4	table	table	NOUN
ajfa-9359	258	5	4.7	4.7	NUM
ajfa-9359	258	6	in	in	ADP
ajfa-9359	258	7	the	the	DET
ajfa-9359	258	8	appendix	appendix	NOUN
ajfa-9359	258	9	,	,	PUNCT
ajfa-9359	258	10	mean	mean	NOUN
ajfa-9359	258	11	of	of	ADP
ajfa-9359	258	12	each	each	DET
ajfa-9359	258	13	variable	variable	NOUN
ajfa-9359	258	14	is	be	AUX
ajfa-9359	258	15	affected	affect	VERB
ajfa-9359	258	16	by	by	ADP
ajfa-9359	258	17	the	the	DET
ajfa-9359	258	18	financial	financial	ADJ
ajfa-9359	258	19	crisis	crisis	NOUN
ajfa-9359	258	20	.	.	PUNCT
ajfa-9359	259	1	the	the	DET
ajfa-9359	259	2	difference	difference	NOUN
ajfa-9359	259	3	of	of	ADP
ajfa-9359	259	4	mean	mean	ADJ
ajfa-9359	259	5	value	value	NOUN
ajfa-9359	259	6	of	of	ADP
ajfa-9359	259	7	each	each	DET
ajfa-9359	259	8	variable	variable	NOUN
ajfa-9359	259	9	becomes	become	VERB
ajfa-9359	259	10	less	less	ADV
ajfa-9359	259	11	or	or	CCONJ
ajfa-9359	259	12	more	more	ADJ
ajfa-9359	259	13	during	during	ADP
ajfa-9359	259	14	the	the	DET
ajfa-9359	259	15	crisis	crisis	NOUN
ajfa-9359	259	16	.	.	PUNCT
ajfa-9359	260	1	particularly	particularly	ADV
ajfa-9359	260	2	,	,	PUNCT
ajfa-9359	260	3	the	the	DET
ajfa-9359	260	4	mean	mean	NOUN
ajfa-9359	260	5	of	of	ADP
ajfa-9359	260	6	the	the	DET
ajfa-9359	260	7	total	total	ADJ
ajfa-9359	260	8	debt	debt	NOUN
ajfa-9359	260	9	ratio	ratio	NOUN
ajfa-9359	260	10	decreases	decrease	VERB
ajfa-9359	260	11	slightly	slightly	ADV
ajfa-9359	260	12	,	,	PUNCT
ajfa-9359	260	13	from	from	ADP
ajfa-9359	260	14	approximately	approximately	ADV
ajfa-9359	260	15	0.24	0.24	NUM
ajfa-9359	260	16	to	to	ADP
ajfa-9359	260	17	0.23	0.23	NUM
ajfa-9359	260	18	during	during	ADP
ajfa-9359	260	19	the	the	DET
ajfa-9359	260	20	crisis	crisis	NOUN
ajfa-9359	260	21	and	and	CCONJ
ajfa-9359	260	22	then	then	ADV
ajfa-9359	260	23	it	it	PRON
ajfa-9359	260	24	goes	go	VERB
ajfa-9359	260	25	back	back	ADV
ajfa-9359	260	26	to	to	PART
ajfa-9359	260	27	raise	raise	VERB
ajfa-9359	260	28	to	to	PART
ajfa-9359	260	29	become	become	VERB
ajfa-9359	260	30	about	about	ADP
ajfa-9359	260	31	0.25	0.25	NUM
ajfa-9359	260	32	.	.	PUNCT
ajfa-9359	261	1	the	the	DET
ajfa-9359	261	2	mean	mean	ADJ
ajfa-9359	261	3	value	value	NOUN
ajfa-9359	261	4	of	of	ADP
ajfa-9359	261	5	profitability	profitability	NOUN
ajfa-9359	261	6	,	,	PUNCT
ajfa-9359	261	7	size	size	NOUN
ajfa-9359	261	8	and	and	CCONJ
ajfa-9359	261	9	liquidity	liquidity	NOUN
ajfa-9359	261	10	go	go	VERB
ajfa-9359	261	11	up	up	ADP
ajfa-9359	261	12	during	during	ADP
ajfa-9359	261	13	the	the	DET
ajfa-9359	261	14	crisis	crisis	NOUN
ajfa-9359	261	15	.	.	PUNCT
ajfa-9359	262	1	the	the	DET
ajfa-9359	262	2	mean	mean	NOUN
ajfa-9359	262	3	of	of	ADP
ajfa-9359	262	4	both	both	DET
ajfa-9359	262	5	profitability	profitability	NOUN
ajfa-9359	262	6	and	and	CCONJ
ajfa-9359	262	7	liquidity	liquidity	NOUN
ajfa-9359	262	8	go	go	VERB
ajfa-9359	262	9	down	down	ADV
ajfa-9359	262	10	again	again	ADV
ajfa-9359	262	11	after	after	ADP
ajfa-9359	262	12	the	the	DET
ajfa-9359	262	13	crisis	crisis	NOUN
ajfa-9359	262	14	while	while	SCONJ
ajfa-9359	262	15	size	size	NOUN
ajfa-9359	262	16	continue	continue	VERB
ajfa-9359	262	17	to	to	PART
ajfa-9359	262	18	go	go	VERB
ajfa-9359	262	19	up	up	ADP
ajfa-9359	262	20	after	after	ADP
ajfa-9359	262	21	the	the	DET
ajfa-9359	262	22	crisis	crisis	NOUN
ajfa-9359	262	23	.	.	PUNCT
ajfa-9359	263	1	on	on	ADP
ajfa-9359	263	2	the	the	DET
ajfa-9359	263	3	other	other	ADJ
ajfa-9359	263	4	hand	hand	NOUN
ajfa-9359	263	5	,	,	PUNCT
ajfa-9359	263	6	the	the	DET
ajfa-9359	263	7	mean	mean	ADJ
ajfa-9359	263	8	value	value	NOUN
ajfa-9359	263	9	of	of	ADP
ajfa-9359	263	10	tangibility	tangibility	NOUN
ajfa-9359	263	11	,	,	PUNCT
ajfa-9359	263	12	growth	growth	NOUN
ajfa-9359	263	13	,	,	PUNCT
ajfa-9359	263	14	and	and	CCONJ
ajfa-9359	263	15	non	non	ADJ
ajfa-9359	263	16	-	-	ADJ
ajfa-9359	263	17	debt	debt	ADJ
ajfa-9359	263	18	tax	tax	NOUN
ajfa-9359	263	19	shields	shield	NOUN
ajfa-9359	263	20	decrease	decrease	VERB
ajfa-9359	263	21	slightly	slightly	ADV
ajfa-9359	263	22	during	during	ADP
ajfa-9359	263	23	the	the	DET
ajfa-9359	263	24	crisis	crisis	NOUN
ajfa-9359	263	25	.	.	PUNCT
ajfa-9359	264	1	after	after	ADP
ajfa-9359	264	2	the	the	DET
ajfa-9359	264	3	crisis	crisis	NOUN
ajfa-9359	264	4	,	,	PUNCT
ajfa-9359	264	5	the	the	DET
ajfa-9359	264	6	mean	mean	NOUN
ajfa-9359	264	7	of	of	ADP
ajfa-9359	264	8	tangibility	tangibility	NOUN
ajfa-9359	264	9	returns	return	VERB
ajfa-9359	264	10	again	again	ADV
ajfa-9359	264	11	approximately	approximately	ADV
ajfa-9359	264	12	the	the	DET
ajfa-9359	264	13	same	same	ADJ
ajfa-9359	264	14	in	in	ADP
ajfa-9359	264	15	the	the	DET
ajfa-9359	264	16	pre	pre	ADJ
ajfa-9359	264	17	-	-	ADJ
ajfa-9359	264	18	crisis	crisis	ADJ
ajfa-9359	264	19	period	period	NOUN
ajfa-9359	264	20	.	.	PUNCT
ajfa-9359	265	1	however	however	ADV
ajfa-9359	265	2	,	,	PUNCT
ajfa-9359	265	3	the	the	DET
ajfa-9359	265	4	mean	mean	NOUN
ajfa-9359	265	5	of	of	ADP
ajfa-9359	265	6	growth	growth	NOUN
ajfa-9359	265	7	goes	go	VERB
ajfa-9359	265	8	down	down	ADP
ajfa-9359	265	9	strongly	strongly	ADV
ajfa-9359	265	10	to	to	PART
ajfa-9359	265	11	be	be	AUX
ajfa-9359	265	12	0.12	0.12	NUM
ajfa-9359	265	13	while	while	SCONJ
ajfa-9359	265	14	it	it	PRON
ajfa-9359	265	15	is	be	AUX
ajfa-9359	265	16	0.19	0.19	NUM
ajfa-9359	265	17	,	,	PUNCT
ajfa-9359	265	18	0.18	0.18	NUM
ajfa-9359	265	19	in	in	ADP
ajfa-9359	265	20	pre	pre	ADJ
ajfa-9359	265	21	-	-	ADJ
ajfa-9359	265	22	crisis	crisis	ADJ
ajfa-9359	265	23	period	period	NOUN
ajfa-9359	265	24	and	and	CCONJ
ajfa-9359	265	25	during	during	ADP
ajfa-9359	265	26	the	the	DET
ajfa-9359	265	27	crisis	crisis	NOUN
ajfa-9359	265	28	period	period	NOUN
ajfa-9359	265	29	,	,	PUNCT
ajfa-9359	265	30	respectively	respectively	ADV
ajfa-9359	265	31	.	.	PUNCT
ajfa-9359	266	1	to	to	PART
ajfa-9359	266	2	sum	sum	VERB
ajfa-9359	266	3	up	up	ADP
ajfa-9359	266	4	,	,	PUNCT
ajfa-9359	266	5	it	it	PRON
ajfa-9359	266	6	is	be	AUX
ajfa-9359	266	7	clear	clear	ADJ
ajfa-9359	266	8	that	that	SCONJ
ajfa-9359	266	9	the	the	DET
ajfa-9359	266	10	global	global	ADJ
ajfa-9359	266	11	financial	financial	ADJ
ajfa-9359	266	12	crisis	crisis	NOUN
ajfa-9359	266	13	affect	affect	VERB
ajfa-9359	266	14	the	the	DET
ajfa-9359	266	15	mean	mean	ADJ
ajfa-9359	266	16	value	value	NOUN
ajfa-9359	266	17	of	of	ADP
ajfa-9359	266	18	the	the	DET
ajfa-9359	266	19	capital	capital	NOUN
ajfa-9359	266	20	structure	structure	NOUN
ajfa-9359	266	21	determinants	determinant	NOUN
ajfa-9359	266	22	of	of	ADP
ajfa-9359	266	23	oil	oil	NOUN
ajfa-9359	266	24	and	and	CCONJ
ajfa-9359	266	25	gas	gas	NOUN
ajfa-9359	266	26	firm	firm	NOUN
ajfa-9359	266	27	.	.	PUNCT
ajfa-9359	267	1	4.6.2	4.6.2	DET
ajfa-9359	267	2	regression	regression	NOUN
ajfa-9359	267	3	statistics	statistic	VERB
ajfa-9359	267	4	the	the	DET
ajfa-9359	267	5	ols	ols	PROPN
ajfa-9359	267	6	regression	regression	NOUN
ajfa-9359	267	7	analysis	analysis	NOUN
ajfa-9359	267	8	results	result	NOUN
ajfa-9359	267	9	illustrate	illustrate	VERB
ajfa-9359	267	10	whether	whether	SCONJ
ajfa-9359	267	11	the	the	DET
ajfa-9359	267	12	capital	capital	NOUN
ajfa-9359	267	13	structure	structure	NOUN
ajfa-9359	267	14	determinants	determinant	NOUN
ajfa-9359	267	15	of	of	ADP
ajfa-9359	267	16	oil	oil	NOUN
ajfa-9359	267	17	and	and	CCONJ
ajfa-9359	267	18	gas	gas	NOUN
ajfa-9359	267	19	firms	firm	NOUN
ajfa-9359	267	20	become	become	VERB
ajfa-9359	267	21	more	more	ADV
ajfa-9359	267	22	or	or	CCONJ
ajfa-9359	267	23	less	less	ADV
ajfa-9359	267	24	significant	significant	ADJ
ajfa-9359	267	25	when	when	SCONJ
ajfa-9359	267	26	they	they	PRON
ajfa-9359	267	27	are	be	AUX
ajfa-9359	267	28	related	relate	VERB
ajfa-9359	267	29	to	to	ADP
ajfa-9359	267	30	leverage	leverage	NOUN
ajfa-9359	267	31	during	during	ADP
ajfa-9359	267	32	the	the	DET
ajfa-9359	267	33	crisis.the	crisis.the	DET
ajfa-9359	267	34	impact	impact	NOUN
ajfa-9359	267	35	of	of	ADP
ajfa-9359	267	36	the	the	DET
ajfa-9359	267	37	global	global	ADJ
ajfa-9359	267	38	financial	financial	ADJ
ajfa-9359	267	39	crisis	crisis	NOUN
ajfa-9359	267	40	on	on	ADP
ajfa-9359	267	41	the	the	DET
ajfa-9359	267	42	explanatory	explanatory	ADJ
ajfa-9359	267	43	variables	variable	NOUN
ajfa-9359	267	44	is	be	AUX
ajfa-9359	267	45	illustrated	illustrate	VERB
ajfa-9359	267	46	in	in	ADP
ajfa-9359	267	47	table	table	NOUN
ajfa-9359	267	48	4.8	4.8	NUM
ajfa-9359	267	49	in	in	ADP
ajfa-9359	267	50	the	the	DET
ajfa-9359	267	51	appendix	appendix	NOUN
ajfa-9359	267	52	.	.	PUNCT
ajfa-9359	268	1	assets	asset	NOUN
ajfa-9359	268	2	tangibility	tangibility	NOUN
ajfa-9359	268	3	the	the	DET
ajfa-9359	268	4	results	result	NOUN
ajfa-9359	268	5	reveal	reveal	VERB
ajfa-9359	268	6	that	that	SCONJ
ajfa-9359	268	7	there	there	PRON
ajfa-9359	268	8	is	be	VERB
ajfa-9359	268	9	a	a	DET
ajfa-9359	268	10	positive	positive	ADJ
ajfa-9359	268	11	relationship	relationship	NOUN
ajfa-9359	268	12	between	between	ADP
ajfa-9359	268	13	tangibility	tangibility	NOUN
ajfa-9359	268	14	and	and	CCONJ
ajfa-9359	268	15	leverage	leverage	NOUN
ajfa-9359	268	16	,	,	PUNCT
ajfa-9359	268	17	which	which	PRON
ajfa-9359	268	18	is	be	AUX
ajfa-9359	268	19	significant	significant	ADJ
ajfa-9359	268	20	at	at	ADP
ajfa-9359	268	21	the	the	DET
ajfa-9359	268	22	1	1	NUM
ajfa-9359	268	23	%	%	NOUN
ajfa-9359	268	24	level	level	NOUN
ajfa-9359	268	25	for	for	ADP
ajfa-9359	268	26	all	all	DET
ajfa-9359	268	27	three	three	NUM
ajfa-9359	268	28	periods	period	NOUN
ajfa-9359	268	29	.	.	PUNCT
ajfa-9359	269	1	it	it	PRON
ajfa-9359	269	2	is	be	AUX
ajfa-9359	269	3	found	find	VERB
ajfa-9359	269	4	that	that	SCONJ
ajfa-9359	269	5	the	the	DET
ajfa-9359	269	6	coefficient	coefficient	NOUN
ajfa-9359	269	7	of	of	ADP
ajfa-9359	269	8	tangible	tangible	ADJ
ajfa-9359	269	9	assets	asset	NOUN
ajfa-9359	269	10	in	in	ADP
ajfa-9359	269	11	the	the	DET
ajfa-9359	269	12	crisis	crisis	NOUN
ajfa-9359	269	13	period	period	NOUN
ajfa-9359	269	14	is	be	AUX
ajfa-9359	269	15	almost	almost	ADV
ajfa-9359	269	16	22	22	NUM
ajfa-9359	269	17	%	%	NOUN
ajfa-9359	269	18	,	,	PUNCT
ajfa-9359	269	19	which	which	PRON
ajfa-9359	269	20	is	be	AUX
ajfa-9359	269	21	higher	high	ADJ
ajfa-9359	269	22	than	than	ADP
ajfa-9359	269	23	in	in	ADP
ajfa-9359	269	24	the	the	DET
ajfa-9359	269	25	pre	pre	ADJ
ajfa-9359	269	26	-	-	ADJ
ajfa-9359	269	27	crisis	crisis	ADJ
ajfa-9359	269	28	period	period	NOUN
ajfa-9359	269	29	.	.	PUNCT
ajfa-9359	270	1	this	this	DET
ajfa-9359	270	2	increase	increase	NOUN
ajfa-9359	270	3	means	mean	VERB
ajfa-9359	270	4	that	that	SCONJ
ajfa-9359	270	5	tangible	tangible	ADJ
ajfa-9359	270	6	assets	asset	NOUN
ajfa-9359	270	7	had	have	VERB
ajfa-9359	270	8	a	a	DET
ajfa-9359	270	9	greater	great	ADJ
ajfa-9359	270	10	impact	impact	NOUN
ajfa-9359	270	11	on	on	ADP
ajfa-9359	270	12	leverage	leverage	NOUN
ajfa-9359	270	13	during	during	ADP
ajfa-9359	270	14	the	the	DET
ajfa-9359	270	15	financial	financial	ADJ
ajfa-9359	270	16	crisis	crisis	NOUN
ajfa-9359	270	17	period	period	NOUN
ajfa-9359	270	18	,	,	PUNCT
ajfa-9359	270	19	compared	compare	VERB
ajfa-9359	270	20	to	to	ADP
ajfa-9359	270	21	its	its	PRON
ajfa-9359	270	22	impact	impact	NOUN
ajfa-9359	270	23	during	during	ADP
ajfa-9359	270	24	the	the	DET
ajfa-9359	270	25	preceding	precede	VERB
ajfa-9359	270	26	period	period	NOUN
ajfa-9359	270	27	of	of	ADP
ajfa-9359	270	28	economic	economic	ADJ
ajfa-9359	270	29	expansion	expansion	NOUN
ajfa-9359	270	30	.	.	PUNCT
ajfa-9359	271	1	in	in	ADP
ajfa-9359	271	2	other	other	ADJ
ajfa-9359	271	3	words	word	NOUN
ajfa-9359	271	4	it	it	PRON
ajfa-9359	271	5	is	be	AUX
ajfa-9359	271	6	more	more	ADV
ajfa-9359	271	7	important	important	ADJ
ajfa-9359	271	8	in	in	ADP
ajfa-9359	271	9	the	the	DET
ajfa-9359	271	10	crisis	crisis	NOUN
ajfa-9359	271	11	period	period	NOUN
ajfa-9359	271	12	.	.	PUNCT
ajfa-9359	272	1	according	accord	VERB
ajfa-9359	272	2	to	to	ADP
ajfa-9359	272	3	jimenez	jimenez	PROPN
ajfa-9359	272	4	and	and	CCONJ
ajfa-9359	272	5	saurina	saurina	PROPN
ajfa-9359	272	6	(	(	PUNCT
ajfa-9359	272	7	2004	2004	NUM
ajfa-9359	272	8	)	)	PUNCT
ajfa-9359	272	9	,	,	PUNCT
ajfa-9359	272	10	mitigating	mitigate	VERB
ajfa-9359	272	11	the	the	DET
ajfa-9359	272	12	difficult	difficult	ADJ
ajfa-9359	272	13	selection	selection	NOUN
ajfa-9359	272	14	problem	problem	NOUN
ajfa-9359	272	15	that	that	PRON
ajfa-9359	272	16	lenders	lender	NOUN
ajfa-9359	272	17	face	face	VERB
ajfa-9359	272	18	is	be	AUX
ajfa-9359	272	19	considered	consider	VERB
ajfa-9359	272	20	the	the	DET
ajfa-9359	272	21	most	most	ADV
ajfa-9359	272	22	important	important	ADJ
ajfa-9359	272	23	function	function	NOUN
ajfa-9359	272	24	of	of	ADP
ajfa-9359	272	25	tangible	tangible	ADJ
ajfa-9359	272	26	assets	asset	NOUN
ajfa-9359	272	27	.	.	PUNCT
ajfa-9359	273	1	this	this	DET
ajfa-9359	273	2	problem	problem	NOUN
ajfa-9359	273	3	was	be	AUX
ajfa-9359	273	4	more	more	ADV
ajfa-9359	273	5	difficult	difficult	ADJ
ajfa-9359	273	6	during	during	ADP
ajfa-9359	273	7	the	the	DET
ajfa-9359	273	8	2008	2008	NUM
ajfa-9359	273	9	financial	financial	ADJ
ajfa-9359	273	10	crisis	crisis	NOUN
ajfa-9359	273	11	;	;	PUNCT
ajfa-9359	273	12	therefore	therefore	ADV
ajfa-9359	273	13	,	,	PUNCT
ajfa-9359	273	14	it	it	PRON
ajfa-9359	273	15	seems	seem	VERB
ajfa-9359	273	16	reasonable	reasonable	ADJ
ajfa-9359	273	17	that	that	SCONJ
ajfa-9359	273	18	during	during	ADP
ajfa-9359	273	19	the	the	DET
ajfa-9359	273	20	financial	financial	ADJ
ajfa-9359	273	21	crisis	crisis	NOUN
ajfa-9359	273	22	,	,	PUNCT
ajfa-9359	273	23	debt	debt	NOUN
ajfa-9359	273	24	providers	provider	NOUN
ajfa-9359	273	25	look	look	VERB
ajfa-9359	273	26	for	for	ADP
ajfa-9359	273	27	better	well	ADJ
ajfa-9359	273	28	quantity	quantity	NOUN
ajfa-9359	273	29	and	and	CCONJ
ajfa-9359	273	30	quality	quality	NOUN
ajfa-9359	273	31	of	of	ADP
ajfa-9359	273	32	tangible	tangible	ADJ
ajfa-9359	273	33	assets	asset	NOUN
ajfa-9359	273	34	to	to	PART
ajfa-9359	273	35	compensate	compensate	VERB
ajfa-9359	273	36	as	as	SCONJ
ajfa-9359	273	37	stated	state	VERB
ajfa-9359	273	38	by	by	ADP
ajfa-9359	273	39	barrell	barrell	PROPN
ajfa-9359	273	40	and	and	CCONJ
ajfa-9359	273	41	davis	davis	PROPN
ajfa-9359	273	42	(	(	PUNCT
ajfa-9359	273	43	2008).for	2008).for	ADP
ajfa-9359	273	44	this	this	DET
ajfa-9359	273	45	reason	reason	NOUN
ajfa-9359	273	46	,	,	PUNCT
ajfa-9359	273	47	the	the	DET
ajfa-9359	273	48	need	need	NOUN
ajfa-9359	273	49	for	for	ADP
ajfa-9359	273	50	security	security	NOUN
ajfa-9359	273	51	would	would	AUX
ajfa-9359	273	52	make	make	VERB
ajfa-9359	273	53	this	this	DET
ajfa-9359	273	54	variable	variable	NOUN
ajfa-9359	273	55	have	have	VERB
ajfa-9359	273	56	greater	great	ADJ
ajfa-9359	273	57	impact	impact	NOUN
ajfa-9359	273	58	on	on	ADP
ajfa-9359	273	59	firm	firm	ADJ
ajfa-9359	273	60	leverage	leverage	NOUN
ajfa-9359	273	61	.	.	PUNCT
ajfa-9359	274	1	thus	thus	ADV
ajfa-9359	274	2	,	,	PUNCT
ajfa-9359	274	3	it	it	PRON
ajfa-9359	274	4	can	can	AUX
ajfa-9359	274	5	be	be	AUX
ajfa-9359	274	6	said	say	VERB
ajfa-9359	274	7	that	that	SCONJ
ajfa-9359	274	8	h8	h8	PROPN
ajfa-9359	274	9	,	,	PUNCT
ajfa-9359	274	10	namely	namely	ADV
ajfa-9359	274	11	,	,	PUNCT
ajfa-9359	274	12	“	"	PUNCT
ajfa-9359	274	13	there	there	PRON
ajfa-9359	274	14	is	be	VERB
ajfa-9359	274	15	a	a	DET
ajfa-9359	274	16	strong	strong	ADJ
ajfa-9359	274	17	impact	impact	NOUN
ajfa-9359	274	18	of	of	ADP
ajfa-9359	274	19	the	the	DET
ajfa-9359	274	20	global	global	ADJ
ajfa-9359	274	21	financial	financial	ADJ
ajfa-9359	274	22	crisis	crisis	NOUN
ajfa-9359	274	23	in	in	ADP
ajfa-9359	274	24	the	the	DET
ajfa-9359	274	25	period	period	NOUN
ajfa-9359	274	26	of	of	ADP
ajfa-9359	274	27	2007	2007	NUM
ajfa-9359	274	28	-	-	SYM
ajfa-9359	274	29	2009	2009	NUM
ajfa-9359	274	30	on	on	ADP
ajfa-9359	274	31	the	the	DET
ajfa-9359	274	32	capital	capital	NOUN
ajfa-9359	274	33	structure	structure	NOUN
ajfa-9359	274	34	determinant	determinant	ADJ
ajfa-9359	274	35	of	of	ADP
ajfa-9359	274	36	oil	oil	NOUN
ajfa-9359	274	37	and	and	CCONJ
ajfa-9359	274	38	gas	gas	NOUN
ajfa-9359	274	39	firms	firm	NOUN
ajfa-9359	274	40	,	,	PUNCT
ajfa-9359	274	41	assets	asset	NOUN
ajfa-9359	274	42	tangibility	tangibility	NOUN
ajfa-9359	274	43	”	"	PUNCT
ajfa-9359	274	44	is	be	AUX
ajfa-9359	274	45	accepted	accept	VERB
ajfa-9359	274	46	.	.	PUNCT
ajfa-9359	275	1	profitability	profitability	NOUN
ajfa-9359	275	2	the	the	DET
ajfa-9359	275	3	results	result	NOUN
ajfa-9359	275	4	indicate	indicate	VERB
ajfa-9359	275	5	that	that	SCONJ
ajfa-9359	275	6	there	there	PRON
ajfa-9359	275	7	is	be	VERB
ajfa-9359	275	8	a	a	DET
ajfa-9359	275	9	negative	negative	ADJ
ajfa-9359	275	10	relationship	relationship	NOUN
ajfa-9359	275	11	between	between	ADP
ajfa-9359	275	12	profitability	profitability	NOUN
ajfa-9359	275	13	and	and	CCONJ
ajfa-9359	275	14	leverage	leverage	NOUN
ajfa-9359	275	15	,	,	PUNCT
ajfa-9359	275	16	which	which	PRON
ajfa-9359	275	17	is	be	AUX
ajfa-9359	275	18	significant	significant	ADJ
ajfa-9359	275	19	at	at	ADP
ajfa-9359	275	20	the	the	DET
ajfa-9359	275	21	1	1	NUM
ajfa-9359	275	22	%	%	NOUN
ajfa-9359	275	23	level	level	NOUN
ajfa-9359	275	24	for	for	ADP
ajfa-9359	275	25	all	all	DET
ajfa-9359	275	26	three	three	NUM
ajfa-9359	275	27	periods	period	NOUN
ajfa-9359	275	28	.	.	PUNCT
ajfa-9359	276	1	in	in	ADP
ajfa-9359	276	2	addition	addition	NOUN
ajfa-9359	276	3	,	,	PUNCT
ajfa-9359	276	4	it	it	PRON
ajfa-9359	276	5	is	be	AUX
ajfa-9359	276	6	found	find	VERB
ajfa-9359	276	7	that	that	SCONJ
ajfa-9359	276	8	profitability	profitability	NOUN
ajfa-9359	276	9	has	have	VERB
ajfa-9359	276	10	a	a	DET
ajfa-9359	276	11	relative	relative	ADJ
ajfa-9359	276	12	decrease	decrease	NOUN
ajfa-9359	276	13	in	in	ADP
ajfa-9359	276	14	relation	relation	NOUN
ajfa-9359	276	15	to	to	ADP
ajfa-9359	276	16	leverage	leverage	NOUN
ajfa-9359	276	17	,	,	PUNCT
ajfa-9359	276	18	which	which	PRON
ajfa-9359	276	19	suggests	suggest	VERB
ajfa-9359	276	20	that	that	SCONJ
ajfa-9359	276	21	it	it	PRON
ajfa-9359	276	22	is	be	AUX
ajfa-9359	276	23	less	less	ADV
ajfa-9359	276	24	related	related	ADJ
ajfa-9359	276	25	to	to	ADP
ajfa-9359	276	26	leverage	leverage	NOUN
ajfa-9359	276	27	in	in	ADP
ajfa-9359	276	28	the	the	DET
ajfa-9359	276	29	crisis	crisis	NOUN
ajfa-9359	276	30	period	period	NOUN
ajfa-9359	276	31	,	,	PUNCT
ajfa-9359	276	32	the	the	DET
ajfa-9359	276	33	coefficient	coefficient	NOUN
ajfa-9359	276	34	of	of	ADP
ajfa-9359	276	35	profitability	profitability	NOUN
ajfa-9359	276	36	during	during	ADP
ajfa-9359	276	37	the	the	DET
ajfa-9359	276	38	crisis	crisis	NOUN
ajfa-9359	276	39	period	period	NOUN
ajfa-9359	276	40	is	be	AUX
ajfa-9359	276	41	almost	almost	ADV
ajfa-9359	276	42	35	35	NUM
ajfa-9359	276	43	%	%	NOUN
ajfa-9359	276	44	which	which	PRON
ajfa-9359	276	45	is	be	AUX
ajfa-9359	276	46	lower	low	ADJ
ajfa-9359	276	47	than	than	ADP
ajfa-9359	276	48	the	the	DET
ajfa-9359	276	49	one	one	NUM
ajfa-9359	276	50	in	in	ADP
ajfa-9359	276	51	the	the	DET
ajfa-9359	276	52	pre	pre	ADJ
ajfa-9359	276	53	-	-	ADJ
ajfa-9359	276	54	crisis	crisis	ADJ
ajfa-9359	276	55	period	period	NOUN
ajfa-9359	276	56	,	,	PUNCT
ajfa-9359	276	57	when	when	SCONJ
ajfa-9359	276	58	it	it	PRON
ajfa-9359	276	59	is	be	AUX
ajfa-9359	276	60	almost	almost	ADV
ajfa-9359	276	61	54%.thus	54%.thus	NUM
ajfa-9359	276	62	,	,	PUNCT
ajfa-9359	276	63	profitability	profitability	NOUN
ajfa-9359	276	64	is	be	AUX
ajfa-9359	276	65	less	less	ADJ
ajfa-9359	276	66	importance	importance	NOUN
ajfa-9359	276	67	in	in	ADP
ajfa-9359	276	68	relation	relation	NOUN
ajfa-9359	276	69	to	to	ADP
ajfa-9359	276	70	leverage	leverage	NOUN
ajfa-9359	276	71	during	during	ADP
ajfa-9359	276	72	the	the	DET
ajfa-9359	276	73	crisis	crisis	NOUN
ajfa-9359	276	74	period	period	NOUN
ajfa-9359	276	75	.	.	PUNCT
ajfa-9359	277	1	this	this	DET
ajfa-9359	277	2	asian	asian	ADJ
ajfa-9359	277	3	journal	journal	NOUN
ajfa-9359	277	4	of	of	ADP
ajfa-9359	277	5	finance	finance	PROPN
ajfa-9359	277	6	&	&	CCONJ
ajfa-9359	277	7	accounting	accounting	PROPN
ajfa-9359	277	8	issn	issn	PROPN
ajfa-9359	277	9	1946	1946	NUM
ajfa-9359	277	10	-	-	PUNCT
ajfa-9359	277	11	052x	052x	PROPN
ajfa-9359	277	12	2017	2017	NUM
ajfa-9359	277	13	,	,	PUNCT
ajfa-9359	277	14	vol	vol	NOUN
ajfa-9359	277	15	.	.	NOUN
ajfa-9359	277	16	9	9	NUM
ajfa-9359	277	17	,	,	PUNCT
ajfa-9359	277	18	no	no	INTJ
ajfa-9359	277	19	.	.	NOUN
ajfa-9359	277	20	1	1	NUM
ajfa-9359	277	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	277	22	17	17	NUM
ajfa-9359	277	23	implies	imply	VERB
ajfa-9359	277	24	that	that	SCONJ
ajfa-9359	277	25	during	during	ADP
ajfa-9359	277	26	the	the	DET
ajfa-9359	277	27	crisis	crisis	NOUN
ajfa-9359	277	28	period	period	NOUN
ajfa-9359	277	29	oil	oil	NOUN
ajfa-9359	277	30	and	and	CCONJ
ajfa-9359	277	31	gas	gas	NOUN
ajfa-9359	277	32	firms	firm	NOUN
ajfa-9359	277	33	with	with	ADP
ajfa-9359	277	34	higher	high	ADJ
ajfa-9359	277	35	profitability	profitability	NOUN
ajfa-9359	277	36	were	be	AUX
ajfa-9359	277	37	using	use	VERB
ajfa-9359	277	38	less	less	ADJ
ajfa-9359	277	39	debt	debt	NOUN
ajfa-9359	277	40	for	for	ADP
ajfa-9359	277	41	financing	financing	NOUN
ajfa-9359	277	42	,	,	PUNCT
ajfa-9359	277	43	comparing	compare	VERB
ajfa-9359	277	44	with	with	ADP
ajfa-9359	277	45	the	the	DET
ajfa-9359	277	46	pre	pre	ADJ
ajfa-9359	277	47	-	-	ADJ
ajfa-9359	277	48	crisis	crisis	ADJ
ajfa-9359	277	49	period	period	NOUN
ajfa-9359	277	50	.	.	PUNCT
ajfa-9359	278	1	therefore	therefore	ADV
ajfa-9359	278	2	,	,	PUNCT
ajfa-9359	278	3	it	it	PRON
ajfa-9359	278	4	can	can	AUX
ajfa-9359	278	5	be	be	AUX
ajfa-9359	278	6	said	say	VERB
ajfa-9359	278	7	that	that	SCONJ
ajfa-9359	278	8	h9	h9	NOUN
ajfa-9359	278	9	,	,	PUNCT
ajfa-9359	278	10	namely	namely	ADV
ajfa-9359	278	11	,	,	PUNCT
ajfa-9359	278	12	“	"	PUNCT
ajfa-9359	278	13	there	there	PRON
ajfa-9359	278	14	is	be	VERB
ajfa-9359	278	15	a	a	DET
ajfa-9359	278	16	strong	strong	ADJ
ajfa-9359	278	17	impact	impact	NOUN
ajfa-9359	278	18	of	of	ADP
ajfa-9359	278	19	the	the	DET
ajfa-9359	278	20	global	global	ADJ
ajfa-9359	278	21	financial	financial	ADJ
ajfa-9359	278	22	crisis	crisis	NOUN
ajfa-9359	278	23	in	in	ADP
ajfa-9359	278	24	the	the	DET
ajfa-9359	278	25	period	period	NOUN
ajfa-9359	278	26	of	of	ADP
ajfa-9359	278	27	2007	2007	NUM
ajfa-9359	278	28	-	-	SYM
ajfa-9359	278	29	2009	2009	NUM
ajfa-9359	278	30	on	on	ADP
ajfa-9359	278	31	the	the	DET
ajfa-9359	278	32	capital	capital	NOUN
ajfa-9359	278	33	structure	structure	NOUN
ajfa-9359	278	34	determinant	determinant	ADJ
ajfa-9359	278	35	of	of	ADP
ajfa-9359	278	36	oil	oil	NOUN
ajfa-9359	278	37	and	and	CCONJ
ajfa-9359	278	38	gas	gas	NOUN
ajfa-9359	278	39	firms	firm	NOUN
ajfa-9359	278	40	,	,	PUNCT
ajfa-9359	278	41	profitability	profitability	NOUN
ajfa-9359	278	42	”	"	PUNCT
ajfa-9359	278	43	is	be	AUX
ajfa-9359	278	44	accepted	accept	VERB
ajfa-9359	278	45	.	.	PUNCT
ajfa-9359	279	1	growth	growth	NOUN
ajfa-9359	279	2	the	the	DET
ajfa-9359	279	3	results	result	NOUN
ajfa-9359	279	4	indicate	indicate	VERB
ajfa-9359	279	5	that	that	SCONJ
ajfa-9359	279	6	there	there	PRON
ajfa-9359	279	7	is	be	VERB
ajfa-9359	279	8	a	a	DET
ajfa-9359	279	9	positive	positive	ADJ
ajfa-9359	279	10	relationship	relationship	NOUN
ajfa-9359	279	11	between	between	ADP
ajfa-9359	279	12	growth	growth	NOUN
ajfa-9359	279	13	and	and	CCONJ
ajfa-9359	279	14	leverage	leverage	NOUN
ajfa-9359	279	15	and	and	CCONJ
ajfa-9359	279	16	growth	growth	NOUN
ajfa-9359	279	17	is	be	AUX
ajfa-9359	279	18	statistically	statistically	ADV
ajfa-9359	279	19	insignificant	insignificant	ADJ
ajfa-9359	279	20	in	in	ADP
ajfa-9359	279	21	the	the	DET
ajfa-9359	279	22	whole	whole	ADJ
ajfa-9359	279	23	period	period	NOUN
ajfa-9359	279	24	of	of	ADP
ajfa-9359	279	25	the	the	DET
ajfa-9359	279	26	study	study	NOUN
ajfa-9359	279	27	,	,	PUNCT
ajfa-9359	279	28	2000	2000	NUM
ajfa-9359	279	29	-	-	SYM
ajfa-9359	279	30	2015	2015	NUM
ajfa-9359	279	31	.	.	PUNCT
ajfa-9359	280	1	however	however	ADV
ajfa-9359	280	2	,	,	PUNCT
ajfa-9359	280	3	it	it	PRON
ajfa-9359	280	4	is	be	AUX
ajfa-9359	280	5	found	find	VERB
ajfa-9359	280	6	that	that	SCONJ
ajfa-9359	280	7	the	the	DET
ajfa-9359	280	8	relationship	relationship	NOUN
ajfa-9359	280	9	is	be	AUX
ajfa-9359	280	10	insignificant	insignificant	ADJ
ajfa-9359	280	11	in	in	ADP
ajfa-9359	280	12	both	both	CCONJ
ajfa-9359	280	13	the	the	DET
ajfa-9359	280	14	crisis	crisis	NOUN
ajfa-9359	280	15	period	period	NOUN
ajfa-9359	280	16	and	and	CCONJ
ajfa-9359	280	17	post	post	ADJ
ajfa-9359	280	18	-	-	ADJ
ajfa-9359	280	19	crisis	crisis	NOUN
ajfa-9359	280	20	period	period	NOUN
ajfa-9359	280	21	,	,	PUNCT
ajfa-9359	280	22	whereas	whereas	SCONJ
ajfa-9359	280	23	it	it	PRON
ajfa-9359	280	24	is	be	AUX
ajfa-9359	280	25	statistically	statistically	ADV
ajfa-9359	280	26	significant	significant	ADJ
ajfa-9359	280	27	at	at	ADP
ajfa-9359	280	28	the	the	DET
ajfa-9359	280	29	10	10	NUM
ajfa-9359	280	30	%	%	NOUN
ajfa-9359	280	31	level	level	NOUN
ajfa-9359	280	32	in	in	ADP
ajfa-9359	280	33	the	the	DET
ajfa-9359	280	34	pre	pre	ADJ
ajfa-9359	280	35	-	-	ADJ
ajfa-9359	280	36	crisis	crisis	ADJ
ajfa-9359	280	37	period	period	NOUN
ajfa-9359	280	38	.	.	PUNCT
ajfa-9359	281	1	the	the	DET
ajfa-9359	281	2	positive	positive	ADJ
ajfa-9359	281	3	relationship	relationship	NOUN
ajfa-9359	281	4	is	be	AUX
ajfa-9359	281	5	in	in	ADP
ajfa-9359	281	6	agreement	agreement	NOUN
ajfa-9359	281	7	with	with	ADP
ajfa-9359	281	8	pecking	pecking	NOUN
ajfa-9359	281	9	-	-	PUNCT
ajfa-9359	281	10	order	order	NOUN
ajfa-9359	281	11	theory	theory	NOUN
ajfa-9359	281	12	,	,	PUNCT
ajfa-9359	281	13	which	which	PRON
ajfa-9359	281	14	suggests	suggest	VERB
ajfa-9359	281	15	that	that	SCONJ
ajfa-9359	281	16	companies	company	NOUN
ajfa-9359	281	17	that	that	PRON
ajfa-9359	281	18	have	have	VERB
ajfa-9359	281	19	high	high	ADJ
ajfa-9359	281	20	growth	growth	NOUN
ajfa-9359	281	21	level	level	NOUN
ajfa-9359	281	22	will	will	AUX
ajfa-9359	281	23	issue	issue	VERB
ajfa-9359	281	24	debt	debt	NOUN
ajfa-9359	281	25	to	to	PART
ajfa-9359	281	26	mitigate	mitigate	VERB
ajfa-9359	281	27	the	the	DET
ajfa-9359	281	28	trouble	trouble	NOUN
ajfa-9359	281	29	of	of	ADP
ajfa-9359	281	30	asymmetric	asymmetric	ADJ
ajfa-9359	281	31	information	information	NOUN
ajfa-9359	281	32	.	.	PUNCT
ajfa-9359	282	1	however	however	ADV
ajfa-9359	282	2	,	,	PUNCT
ajfa-9359	282	3	growth	growth	NOUN
ajfa-9359	282	4	in	in	ADP
ajfa-9359	282	5	the	the	DET
ajfa-9359	282	6	pre	pre	NOUN
ajfa-9359	282	7	-	-	NOUN
ajfa-9359	282	8	crisis	crisis	ADJ
ajfa-9359	282	9	period	period	NOUN
ajfa-9359	282	10	is	be	AUX
ajfa-9359	282	11	different	different	ADJ
ajfa-9359	282	12	from	from	ADP
ajfa-9359	282	13	that	that	PRON
ajfa-9359	282	14	in	in	ADP
ajfa-9359	282	15	the	the	DET
ajfa-9359	282	16	other	other	ADJ
ajfa-9359	282	17	periods	period	NOUN
ajfa-9359	282	18	,	,	PUNCT
ajfa-9359	282	19	in	in	SCONJ
ajfa-9359	282	20	that	that	SCONJ
ajfa-9359	282	21	it	it	PRON
ajfa-9359	282	22	is	be	AUX
ajfa-9359	282	23	statistically	statistically	ADV
ajfa-9359	282	24	significant	significant	ADJ
ajfa-9359	282	25	at	at	ADP
ajfa-9359	282	26	the	the	DET
ajfa-9359	282	27	10	10	NUM
ajfa-9359	282	28	%	%	NOUN
ajfa-9359	282	29	level	level	NOUN
ajfa-9359	282	30	.	.	PUNCT
ajfa-9359	283	1	the	the	DET
ajfa-9359	283	2	coefficient	coefficient	NOUN
ajfa-9359	283	3	of	of	ADP
ajfa-9359	283	4	growth	growth	NOUN
ajfa-9359	283	5	in	in	ADP
ajfa-9359	283	6	the	the	DET
ajfa-9359	283	7	pre	pre	NOUN
ajfa-9359	283	8	-	-	NOUN
ajfa-9359	283	9	crisis	crisis	ADJ
ajfa-9359	283	10	period	period	NOUN
ajfa-9359	283	11	is	be	AUX
ajfa-9359	283	12	almost	almost	ADV
ajfa-9359	283	13	3	3	NUM
ajfa-9359	283	14	%	%	NOUN
ajfa-9359	283	15	,	,	PUNCT
ajfa-9359	283	16	which	which	PRON
ajfa-9359	283	17	is	be	AUX
ajfa-9359	283	18	higher	high	ADJ
ajfa-9359	283	19	than	than	ADP
ajfa-9359	283	20	in	in	ADP
ajfa-9359	283	21	the	the	DET
ajfa-9359	283	22	crisis	crisis	NOUN
ajfa-9359	283	23	and	and	CCONJ
ajfa-9359	283	24	post	post	VERB
ajfa-9359	283	25	crisis	crisis	NOUN
ajfa-9359	283	26	periods	period	NOUN
ajfa-9359	283	27	,	,	PUNCT
ajfa-9359	283	28	when	when	SCONJ
ajfa-9359	283	29	it	it	PRON
ajfa-9359	283	30	is	be	AUX
ajfa-9359	283	31	1	1	NUM
ajfa-9359	283	32	%	%	NOUN
ajfa-9359	283	33	and	and	CCONJ
ajfa-9359	283	34	almost	almost	ADV
ajfa-9359	283	35	2	2	NUM
ajfa-9359	283	36	%	%	NOUN
ajfa-9359	283	37	,	,	PUNCT
ajfa-9359	283	38	respectively	respectively	ADV
ajfa-9359	283	39	,	,	PUNCT
ajfa-9359	283	40	which	which	PRON
ajfa-9359	283	41	they	they	PRON
ajfa-9359	283	42	are	be	AUX
ajfa-9359	283	43	statistically	statistically	ADV
ajfa-9359	283	44	insignificant	insignificant	ADJ
ajfa-9359	283	45	.	.	PUNCT
ajfa-9359	284	1	according	accord	VERB
ajfa-9359	284	2	to	to	ADP
ajfa-9359	284	3	baily	baily	PROPN
ajfa-9359	284	4	and	and	CCONJ
ajfa-9359	284	5	elliott	elliott	PROPN
ajfa-9359	284	6	(	(	PUNCT
ajfa-9359	284	7	2009	2009	NUM
ajfa-9359	284	8	)	)	PUNCT
ajfa-9359	284	9	,	,	PUNCT
ajfa-9359	284	10	during	during	ADP
ajfa-9359	284	11	difficult	difficult	ADJ
ajfa-9359	284	12	times	time	NOUN
ajfa-9359	284	13	where	where	SCONJ
ajfa-9359	284	14	there	there	PRON
ajfa-9359	284	15	is	be	VERB
ajfa-9359	284	16	a	a	DET
ajfa-9359	284	17	decline	decline	NOUN
ajfa-9359	284	18	in	in	ADP
ajfa-9359	284	19	the	the	DET
ajfa-9359	284	20	economy	economy	NOUN
ajfa-9359	284	21	,	,	PUNCT
ajfa-9359	284	22	such	such	ADJ
ajfa-9359	284	23	as	as	ADP
ajfa-9359	284	24	in	in	ADP
ajfa-9359	284	25	case	case	NOUN
ajfa-9359	284	26	of	of	ADP
ajfa-9359	284	27	a	a	DET
ajfa-9359	284	28	financial	financial	ADJ
ajfa-9359	284	29	crisis	crisis	NOUN
ajfa-9359	284	30	,	,	PUNCT
ajfa-9359	284	31	there	there	PRON
ajfa-9359	284	32	would	would	AUX
ajfa-9359	284	33	be	be	AUX
ajfa-9359	284	34	less	less	ADJ
ajfa-9359	284	35	or	or	CCONJ
ajfa-9359	284	36	no	no	PRON
ajfa-9359	284	37	growth	growth	NOUN
ajfa-9359	284	38	at	at	ADV
ajfa-9359	284	39	all	all	ADV
ajfa-9359	284	40	for	for	ADP
ajfa-9359	284	41	some	some	DET
ajfa-9359	284	42	quarters	quarter	NOUN
ajfa-9359	284	43	.	.	PUNCT
ajfa-9359	285	1	for	for	ADP
ajfa-9359	285	2	that	that	DET
ajfa-9359	285	3	reason	reason	NOUN
ajfa-9359	285	4	,	,	PUNCT
ajfa-9359	285	5	growth	growth	NOUN
ajfa-9359	285	6	is	be	AUX
ajfa-9359	285	7	negatively	negatively	ADV
ajfa-9359	285	8	related	relate	VERB
ajfa-9359	285	9	to	to	ADP
ajfa-9359	285	10	leverage	leverage	NOUN
ajfa-9359	285	11	and	and	CCONJ
ajfa-9359	285	12	has	have	VERB
ajfa-9359	285	13	less	less	ADJ
ajfa-9359	285	14	importance	importance	NOUN
ajfa-9359	285	15	in	in	ADP
ajfa-9359	285	16	times	time	NOUN
ajfa-9359	285	17	of	of	ADP
ajfa-9359	285	18	crisis	crisis	NOUN
ajfa-9359	285	19	.	.	PUNCT
ajfa-9359	286	1	thus	thus	ADV
ajfa-9359	286	2	,	,	PUNCT
ajfa-9359	286	3	it	it	PRON
ajfa-9359	286	4	can	can	AUX
ajfa-9359	286	5	be	be	AUX
ajfa-9359	286	6	said	say	VERB
ajfa-9359	286	7	that	that	SCONJ
ajfa-9359	286	8	h10	h10	NOUN
ajfa-9359	286	9	,	,	PUNCT
ajfa-9359	286	10	namely	namely	ADV
ajfa-9359	286	11	,	,	PUNCT
ajfa-9359	286	12	“	"	PUNCT
ajfa-9359	286	13	there	there	PRON
ajfa-9359	286	14	is	be	VERB
ajfa-9359	286	15	a	a	DET
ajfa-9359	286	16	strong	strong	ADJ
ajfa-9359	286	17	impact	impact	NOUN
ajfa-9359	286	18	of	of	ADP
ajfa-9359	286	19	the	the	DET
ajfa-9359	286	20	global	global	ADJ
ajfa-9359	286	21	financial	financial	ADJ
ajfa-9359	286	22	crisis	crisis	NOUN
ajfa-9359	286	23	in	in	ADP
ajfa-9359	286	24	the	the	DET
ajfa-9359	286	25	period	period	NOUN
ajfa-9359	286	26	of	of	ADP
ajfa-9359	286	27	2007	2007	NUM
ajfa-9359	286	28	-	-	SYM
ajfa-9359	286	29	2009	2009	NUM
ajfa-9359	286	30	on	on	ADP
ajfa-9359	286	31	the	the	DET
ajfa-9359	286	32	capital	capital	NOUN
ajfa-9359	286	33	structure	structure	NOUN
ajfa-9359	286	34	determinant	determinant	ADJ
ajfa-9359	286	35	of	of	ADP
ajfa-9359	286	36	oil	oil	NOUN
ajfa-9359	286	37	and	and	CCONJ
ajfa-9359	286	38	gas	gas	NOUN
ajfa-9359	286	39	firms	firm	NOUN
ajfa-9359	286	40	,	,	PUNCT
ajfa-9359	286	41	growth	growth	NOUN
ajfa-9359	286	42	”	"	PUNCT
ajfa-9359	286	43	is	be	AUX
ajfa-9359	286	44	accepted	accept	VERB
ajfa-9359	286	45	.	.	PUNCT
ajfa-9359	287	1	size	size	NOUN
ajfa-9359	287	2	the	the	DET
ajfa-9359	287	3	results	result	NOUN
ajfa-9359	287	4	indicate	indicate	VERB
ajfa-9359	287	5	that	that	SCONJ
ajfa-9359	287	6	there	there	PRON
ajfa-9359	287	7	is	be	VERB
ajfa-9359	287	8	a	a	DET
ajfa-9359	287	9	positive	positive	ADJ
ajfa-9359	287	10	relationship	relationship	NOUN
ajfa-9359	287	11	between	between	ADP
ajfa-9359	287	12	size	size	NOUN
ajfa-9359	287	13	and	and	CCONJ
ajfa-9359	287	14	leverage	leverage	NOUN
ajfa-9359	287	15	over	over	ADP
ajfa-9359	287	16	the	the	DET
ajfa-9359	287	17	period	period	NOUN
ajfa-9359	287	18	of	of	ADP
ajfa-9359	287	19	2000	2000	NUM
ajfa-9359	287	20	-	-	SYM
ajfa-9359	287	21	2015	2015	NUM
ajfa-9359	287	22	.	.	PUNCT
ajfa-9359	288	1	size	size	NOUN
ajfa-9359	288	2	is	be	AUX
ajfa-9359	288	3	statistically	statistically	ADV
ajfa-9359	288	4	significant	significant	ADJ
ajfa-9359	288	5	at	at	ADP
ajfa-9359	288	6	the	the	DET
ajfa-9359	288	7	1	1	NUM
ajfa-9359	288	8	%	%	NOUN
ajfa-9359	288	9	level	level	NOUN
ajfa-9359	288	10	for	for	ADP
ajfa-9359	288	11	the	the	DET
ajfa-9359	288	12	whole	whole	ADJ
ajfa-9359	288	13	period	period	NOUN
ajfa-9359	288	14	of	of	ADP
ajfa-9359	288	15	the	the	DET
ajfa-9359	288	16	study	study	NOUN
ajfa-9359	288	17	.	.	PUNCT
ajfa-9359	289	1	there	there	PRON
ajfa-9359	289	2	is	be	VERB
ajfa-9359	289	3	a	a	DET
ajfa-9359	289	4	slight	slight	ADJ
ajfa-9359	289	5	difference	difference	NOUN
ajfa-9359	289	6	in	in	ADP
ajfa-9359	289	7	the	the	DET
ajfa-9359	289	8	level	level	NOUN
ajfa-9359	289	9	of	of	ADP
ajfa-9359	289	10	size	size	NOUN
ajfa-9359	289	11	significance	significance	NOUN
ajfa-9359	289	12	among	among	ADP
ajfa-9359	289	13	the	the	DET
ajfa-9359	289	14	three	three	NUM
ajfa-9359	289	15	different	different	ADJ
ajfa-9359	289	16	periods	period	NOUN
ajfa-9359	289	17	;	;	PUNCT
ajfa-9359	289	18	size	size	NOUN
ajfa-9359	289	19	is	be	AUX
ajfa-9359	289	20	significant	significant	ADJ
ajfa-9359	289	21	at	at	ADP
ajfa-9359	289	22	1	1	NUM
ajfa-9359	289	23	%	%	NOUN
ajfa-9359	289	24	for	for	ADP
ajfa-9359	289	25	the	the	DET
ajfa-9359	289	26	pre	pre	NOUN
ajfa-9359	289	27	-	-	NOUN
ajfa-9359	289	28	crisis	crisis	NOUN
ajfa-9359	289	29	and	and	CCONJ
ajfa-9359	289	30	crisis	crisis	NOUN
ajfa-9359	289	31	periods	period	NOUN
ajfa-9359	289	32	while	while	SCONJ
ajfa-9359	289	33	it	it	PRON
ajfa-9359	289	34	is	be	AUX
ajfa-9359	289	35	significant	significant	ADJ
ajfa-9359	289	36	at	at	ADP
ajfa-9359	289	37	the	the	DET
ajfa-9359	289	38	5	5	NUM
ajfa-9359	289	39	%	%	NOUN
ajfa-9359	289	40	level	level	NOUN
ajfa-9359	289	41	for	for	ADP
ajfa-9359	289	42	the	the	DET
ajfa-9359	289	43	post	post	NOUN
ajfa-9359	289	44	crisis	crisis	NOUN
ajfa-9359	289	45	.	.	PUNCT
ajfa-9359	290	1	however	however	ADV
ajfa-9359	290	2	,	,	PUNCT
ajfa-9359	290	3	the	the	DET
ajfa-9359	290	4	coefficient	coefficient	NOUN
ajfa-9359	290	5	of	of	ADP
ajfa-9359	290	6	size	size	NOUN
ajfa-9359	290	7	has	have	VERB
ajfa-9359	290	8	a	a	DET
ajfa-9359	290	9	relative	relative	ADJ
ajfa-9359	290	10	decrease	decrease	NOUN
ajfa-9359	290	11	in	in	ADP
ajfa-9359	290	12	relation	relation	NOUN
ajfa-9359	290	13	to	to	ADP
ajfa-9359	290	14	leverage	leverage	NOUN
ajfa-9359	290	15	during	during	ADP
ajfa-9359	290	16	the	the	DET
ajfa-9359	290	17	crisis	crisis	NOUN
ajfa-9359	290	18	period	period	NOUN
ajfa-9359	290	19	,	,	PUNCT
ajfa-9359	290	20	compared	compare	VERB
ajfa-9359	290	21	to	to	ADP
ajfa-9359	290	22	during	during	ADP
ajfa-9359	290	23	the	the	DET
ajfa-9359	290	24	pre	pre	ADJ
ajfa-9359	290	25	-	-	ADJ
ajfa-9359	290	26	crisis	crisis	ADJ
ajfa-9359	290	27	period	period	NOUN
ajfa-9359	290	28	;	;	PUNCT
ajfa-9359	290	29	the	the	DET
ajfa-9359	290	30	coefficient	coefficient	NOUN
ajfa-9359	290	31	of	of	ADP
ajfa-9359	290	32	size	size	NOUN
ajfa-9359	290	33	in	in	ADP
ajfa-9359	290	34	the	the	DET
ajfa-9359	290	35	pre	pre	NOUN
ajfa-9359	290	36	-	-	NOUN
ajfa-9359	290	37	crisis	crisis	ADJ
ajfa-9359	290	38	period	period	NOUN
ajfa-9359	290	39	is	be	AUX
ajfa-9359	290	40	almost	almost	ADV
ajfa-9359	290	41	0.6	0.6	NUM
ajfa-9359	290	42	%	%	NOUN
ajfa-9359	290	43	which	which	PRON
ajfa-9359	290	44	is	be	AUX
ajfa-9359	290	45	higher	high	ADJ
ajfa-9359	290	46	than	than	ADP
ajfa-9359	290	47	in	in	ADP
ajfa-9359	290	48	the	the	DET
ajfa-9359	290	49	crisis	crisis	NOUN
ajfa-9359	290	50	where	where	SCONJ
ajfa-9359	290	51	the	the	DET
ajfa-9359	290	52	coefficient	coefficient	NOUN
ajfa-9359	290	53	is	be	AUX
ajfa-9359	290	54	almost	almost	ADV
ajfa-9359	290	55	0.2%.this	0.2%.this	NUM
ajfa-9359	290	56	implies	imply	VERB
ajfa-9359	290	57	that	that	SCONJ
ajfa-9359	290	58	firm	firm	ADJ
ajfa-9359	290	59	size	size	NOUN
ajfa-9359	290	60	is	be	AUX
ajfa-9359	290	61	less	less	ADV
ajfa-9359	290	62	related	related	ADJ
ajfa-9359	290	63	to	to	ADP
ajfa-9359	290	64	leverage	leverage	NOUN
ajfa-9359	290	65	in	in	ADP
ajfa-9359	290	66	the	the	DET
ajfa-9359	290	67	crisis	crisis	NOUN
ajfa-9359	290	68	period	period	NOUN
ajfa-9359	290	69	;	;	PUNCT
ajfa-9359	290	70	thus	thus	ADV
ajfa-9359	290	71	it	it	PRON
ajfa-9359	290	72	is	be	AUX
ajfa-9359	290	73	less	less	ADV
ajfa-9359	290	74	significant	significant	ADJ
ajfa-9359	290	75	in	in	ADP
ajfa-9359	290	76	relation	relation	NOUN
ajfa-9359	290	77	to	to	ADP
ajfa-9359	290	78	leverage	leverage	NOUN
ajfa-9359	290	79	during	during	ADP
ajfa-9359	290	80	the	the	DET
ajfa-9359	290	81	crisis	crisis	NOUN
ajfa-9359	290	82	period	period	NOUN
ajfa-9359	290	83	.	.	PUNCT
ajfa-9359	291	1	therefore	therefore	ADV
ajfa-9359	291	2	,	,	PUNCT
ajfa-9359	291	3	it	it	PRON
ajfa-9359	291	4	can	can	AUX
ajfa-9359	291	5	be	be	AUX
ajfa-9359	291	6	said	say	VERB
ajfa-9359	291	7	that	that	SCONJ
ajfa-9359	291	8	h11	h11	PROPN
ajfa-9359	291	9	,	,	PUNCT
ajfa-9359	291	10	namely	namely	ADV
ajfa-9359	291	11	,	,	PUNCT
ajfa-9359	291	12	“	"	PUNCT
ajfa-9359	291	13	there	there	PRON
ajfa-9359	291	14	is	be	VERB
ajfa-9359	291	15	a	a	DET
ajfa-9359	291	16	strong	strong	ADJ
ajfa-9359	291	17	impact	impact	NOUN
ajfa-9359	291	18	of	of	ADP
ajfa-9359	291	19	the	the	DET
ajfa-9359	291	20	global	global	ADJ
ajfa-9359	291	21	financial	financial	ADJ
ajfa-9359	291	22	crisis	crisis	NOUN
ajfa-9359	291	23	in	in	ADP
ajfa-9359	291	24	the	the	DET
ajfa-9359	291	25	period	period	NOUN
ajfa-9359	291	26	of	of	ADP
ajfa-9359	291	27	2007	2007	NUM
ajfa-9359	291	28	-	-	SYM
ajfa-9359	291	29	2009	2009	NUM
ajfa-9359	291	30	on	on	ADP
ajfa-9359	291	31	the	the	DET
ajfa-9359	291	32	capital	capital	NOUN
ajfa-9359	291	33	structure	structure	NOUN
ajfa-9359	291	34	determinant	determinant	ADJ
ajfa-9359	291	35	of	of	ADP
ajfa-9359	291	36	oil	oil	NOUN
ajfa-9359	291	37	and	and	CCONJ
ajfa-9359	291	38	gas	gas	NOUN
ajfa-9359	291	39	firms	firm	NOUN
ajfa-9359	291	40	,	,	PUNCT
ajfa-9359	291	41	size	size	NOUN
ajfa-9359	291	42	”	"	PUNCT
ajfa-9359	291	43	is	be	AUX
ajfa-9359	291	44	accepted	accept	VERB
ajfa-9359	291	45	.	.	PUNCT
ajfa-9359	292	1	liquidity	liquidity	NOUN
ajfa-9359	292	2	the	the	DET
ajfa-9359	292	3	financial	financial	ADJ
ajfa-9359	292	4	crisis	crisis	NOUN
ajfa-9359	292	5	starting	start	VERB
ajfa-9359	292	6	in	in	ADP
ajfa-9359	292	7	2007	2007	NUM
ajfa-9359	292	8	in	in	ADP
ajfa-9359	292	9	the	the	DET
ajfa-9359	292	10	market	market	NOUN
ajfa-9359	292	11	of	of	ADP
ajfa-9359	292	12	sub	sub	ADJ
ajfa-9359	292	13	-	-	ADJ
ajfa-9359	292	14	prime	prime	ADJ
ajfa-9359	292	15	credit	credit	NOUN
ajfa-9359	292	16	caused	cause	VERB
ajfa-9359	292	17	a	a	DET
ajfa-9359	292	18	liquidity	liquidity	NOUN
ajfa-9359	292	19	crisis	crisis	NOUN
ajfa-9359	292	20	in	in	ADP
ajfa-9359	292	21	the	the	DET
ajfa-9359	292	22	short	short	ADJ
ajfa-9359	292	23	-	-	PUNCT
ajfa-9359	292	24	term	term	NOUN
ajfa-9359	292	25	debt	debt	NOUN
ajfa-9359	292	26	markets	market	NOUN
ajfa-9359	292	27	.	.	PUNCT
ajfa-9359	293	1	in	in	ADP
ajfa-9359	293	2	this	this	DET
ajfa-9359	293	3	difficult	difficult	ADJ
ajfa-9359	293	4	situation	situation	NOUN
ajfa-9359	293	5	,	,	PUNCT
ajfa-9359	293	6	firms	firm	NOUN
ajfa-9359	293	7	tended	tend	VERB
ajfa-9359	293	8	to	to	PART
ajfa-9359	293	9	use	use	VERB
ajfa-9359	293	10	this	this	DET
ajfa-9359	293	11	credit	credit	NOUN
ajfa-9359	293	12	line	line	NOUN
ajfa-9359	293	13	mainly	mainly	ADV
ajfa-9359	293	14	in	in	ADP
ajfa-9359	293	15	order	order	NOUN
ajfa-9359	293	16	to	to	PART
ajfa-9359	293	17	deal	deal	VERB
ajfa-9359	293	18	with	with	ADP
ajfa-9359	293	19	the	the	DET
ajfa-9359	293	20	unexpected	unexpected	ADJ
ajfa-9359	293	21	liquidity	liquidity	NOUN
ajfa-9359	293	22	shocks	shock	NOUN
ajfa-9359	293	23	.	.	PUNCT
ajfa-9359	294	1	in	in	ADP
ajfa-9359	294	2	fact	fact	NOUN
ajfa-9359	294	3	,	,	PUNCT
ajfa-9359	294	4	several	several	ADJ
ajfa-9359	294	5	firms	firm	NOUN
ajfa-9359	294	6	were	be	AUX
ajfa-9359	294	7	straggly	straggly	ADV
ajfa-9359	294	8	influenced	influence	VERB
ajfa-9359	294	9	by	by	ADP
ajfa-9359	294	10	the	the	DET
ajfa-9359	294	11	decreasing	decrease	VERB
ajfa-9359	294	12	demand	demand	NOUN
ajfa-9359	294	13	for	for	ADP
ajfa-9359	294	14	their	their	PRON
ajfa-9359	294	15	products	product	NOUN
ajfa-9359	294	16	during	during	ADP
ajfa-9359	294	17	the	the	DET
ajfa-9359	294	18	crisis	crisis	NOUN
ajfa-9359	294	19	period	period	NOUN
ajfa-9359	294	20	;	;	PUNCT
ajfa-9359	294	21	however	however	ADV
ajfa-9359	294	22	,	,	PUNCT
ajfa-9359	294	23	they	they	PRON
ajfa-9359	294	24	had	have	VERB
ajfa-9359	294	25	no	no	DET
ajfa-9359	294	26	liquidity	liquidity	NOUN
ajfa-9359	294	27	problems	problem	NOUN
ajfa-9359	294	28	because	because	SCONJ
ajfa-9359	294	29	they	they	PRON
ajfa-9359	294	30	had	have	VERB
ajfa-9359	294	31	large	large	ADJ
ajfa-9359	294	32	cash	cash	NOUN
ajfa-9359	294	33	holdings	holding	NOUN
ajfa-9359	294	34	,	,	PUNCT
ajfa-9359	294	35	in	in	ADP
ajfa-9359	294	36	the	the	DET
ajfa-9359	294	37	case	case	NOUN
ajfa-9359	294	38	of	of	ADP
ajfa-9359	294	39	asian	asian	ADJ
ajfa-9359	294	40	journal	journal	NOUN
ajfa-9359	294	41	of	of	ADP
ajfa-9359	294	42	finance	finance	PROPN
ajfa-9359	294	43	&	&	CCONJ
ajfa-9359	294	44	accounting	accounting	PROPN
ajfa-9359	294	45	issn	issn	PROPN
ajfa-9359	294	46	1946	1946	NUM
ajfa-9359	294	47	-	-	PUNCT
ajfa-9359	294	48	052x	052x	PROPN
ajfa-9359	294	49	2017	2017	NUM
ajfa-9359	294	50	,	,	PUNCT
ajfa-9359	294	51	vol	vol	NOUN
ajfa-9359	294	52	.	.	NOUN
ajfa-9359	295	1	9	9	NUM
ajfa-9359	295	2	,	,	PUNCT
ajfa-9359	295	3	no	no	INTJ
ajfa-9359	295	4	.	.	NOUN
ajfa-9359	295	5	1	1	NUM
ajfa-9359	295	6	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-9359	295	7	18	18	NUM
ajfa-9359	295	8	bp	bp	PROPN
ajfa-9359	295	9	and	and	CCONJ
ajfa-9359	295	10	baker	baker	PROPN
ajfa-9359	295	11	hughes	hughes	PROPN
ajfa-9359	295	12	oil	oil	PROPN
ajfa-9359	295	13	and	and	CCONJ
ajfa-9359	295	14	gas	gas	NOUN
ajfa-9359	295	15	firms	firm	NOUN
ajfa-9359	295	16	,	,	PUNCT
ajfa-9359	295	17	whose	whose	DET
ajfa-9359	295	18	liquidity	liquidity	NOUN
ajfa-9359	295	19	was	be	AUX
ajfa-9359	295	20	not	not	PART
ajfa-9359	295	21	affected	affect	VERB
ajfa-9359	295	22	by	by	ADP
ajfa-9359	295	23	the	the	DET
ajfa-9359	295	24	financial	financial	ADJ
ajfa-9359	295	25	crisis	crisis	NOUN
ajfa-9359	295	26	.	.	PUNCT
ajfa-9359	296	1	in	in	ADP
ajfa-9359	296	2	this	this	DET
ajfa-9359	296	3	study	study	NOUN
ajfa-9359	296	4	,	,	PUNCT
ajfa-9359	296	5	the	the	DET
ajfa-9359	296	6	relationship	relationship	NOUN
ajfa-9359	296	7	between	between	ADP
ajfa-9359	296	8	liquidity	liquidity	NOUN
ajfa-9359	296	9	and	and	CCONJ
ajfa-9359	296	10	leverage	leverage	NOUN
ajfa-9359	296	11	is	be	AUX
ajfa-9359	296	12	negative	negative	ADJ
ajfa-9359	296	13	for	for	ADP
ajfa-9359	296	14	all	all	DET
ajfa-9359	296	15	three	three	NUM
ajfa-9359	296	16	periods	period	NOUN
ajfa-9359	296	17	and	and	CCONJ
ajfa-9359	296	18	significant	significant	ADJ
ajfa-9359	296	19	at	at	ADP
ajfa-9359	296	20	1%.the	1%.the	DET
ajfa-9359	296	21	coefficient	coefficient	NOUN
ajfa-9359	296	22	of	of	ADP
ajfa-9359	296	23	liquidity	liquidity	NOUN
ajfa-9359	296	24	during	during	ADP
ajfa-9359	296	25	the	the	DET
ajfa-9359	296	26	period	period	NOUN
ajfa-9359	296	27	of	of	ADP
ajfa-9359	296	28	post	post	NOUN
ajfa-9359	296	29	crisis	crisis	NOUN
ajfa-9359	296	30	period	period	NOUN
ajfa-9359	296	31	is	be	AUX
ajfa-9359	296	32	almost	almost	ADV
ajfa-9359	296	33	4	4	NUM
ajfa-9359	296	34	%	%	NOUN
ajfa-9359	296	35	,	,	PUNCT
ajfa-9359	296	36	which	which	PRON
ajfa-9359	296	37	is	be	AUX
ajfa-9359	296	38	higher	high	ADJ
ajfa-9359	296	39	than	than	ADP
ajfa-9359	296	40	those	those	PRON
ajfa-9359	296	41	in	in	ADP
ajfa-9359	296	42	the	the	DET
ajfa-9359	296	43	pre	pre	NOUN
ajfa-9359	296	44	-	-	NOUN
ajfa-9359	296	45	crisis	crisis	NOUN
ajfa-9359	296	46	and	and	CCONJ
ajfa-9359	296	47	crisis	crisis	NOUN
ajfa-9359	296	48	periods	period	NOUN
ajfa-9359	296	49	,	,	PUNCT
ajfa-9359	296	50	when	when	SCONJ
ajfa-9359	296	51	in	in	ADP
ajfa-9359	296	52	each	each	DET
ajfa-9359	296	53	period	period	NOUN
ajfa-9359	296	54	were	be	AUX
ajfa-9359	296	55	almost	almost	ADV
ajfa-9359	296	56	1	1	NUM
ajfa-9359	296	57	%	%	NOUN
ajfa-9359	296	58	.	.	PUNCT
ajfa-9359	297	1	thus	thus	ADV
ajfa-9359	297	2	,	,	PUNCT
ajfa-9359	297	3	there	there	PRON
ajfa-9359	297	4	is	be	VERB
ajfa-9359	297	5	no	no	DET
ajfa-9359	297	6	impact	impact	NOUN
ajfa-9359	297	7	of	of	ADP
ajfa-9359	297	8	the	the	DET
ajfa-9359	297	9	global	global	ADJ
ajfa-9359	297	10	financial	financial	ADJ
ajfa-9359	297	11	crisis	crisis	NOUN
ajfa-9359	297	12	on	on	ADP
ajfa-9359	297	13	the	the	DET
ajfa-9359	297	14	coefficient	coefficient	NOUN
ajfa-9359	297	15	of	of	ADP
ajfa-9359	297	16	liquidity	liquidity	NOUN
ajfa-9359	297	17	.	.	PUNCT
ajfa-9359	298	1	therefore	therefore	ADV
ajfa-9359	298	2	,	,	PUNCT
ajfa-9359	298	3	it	it	PRON
ajfa-9359	298	4	can	can	AUX
ajfa-9359	298	5	be	be	AUX
ajfa-9359	298	6	said	say	VERB
ajfa-9359	298	7	that	that	SCONJ
ajfa-9359	298	8	h12	h12	NOUN
ajfa-9359	298	9	,	,	PUNCT
ajfa-9359	298	10	namely	namely	ADV
ajfa-9359	298	11	,	,	PUNCT
ajfa-9359	298	12	“	"	PUNCT
ajfa-9359	298	13	there	there	PRON
ajfa-9359	298	14	is	be	VERB
ajfa-9359	298	15	a	a	DET
ajfa-9359	298	16	strong	strong	ADJ
ajfa-9359	298	17	impact	impact	NOUN
ajfa-9359	298	18	of	of	ADP
ajfa-9359	298	19	the	the	DET
ajfa-9359	298	20	global	global	ADJ
ajfa-9359	298	21	financial	financial	ADJ
ajfa-9359	298	22	crisis	crisis	NOUN
ajfa-9359	298	23	in	in	ADP
ajfa-9359	298	24	the	the	DET
ajfa-9359	298	25	period	period	NOUN
ajfa-9359	298	26	of	of	ADP
ajfa-9359	298	27	2007	2007	NUM
ajfa-9359	298	28	-	-	SYM
ajfa-9359	298	29	2009	2009	NUM
ajfa-9359	298	30	on	on	ADP
ajfa-9359	298	31	the	the	DET
ajfa-9359	298	32	capital	capital	NOUN
ajfa-9359	298	33	structure	structure	NOUN
ajfa-9359	298	34	determinant	determinant	ADJ
ajfa-9359	298	35	of	of	ADP
ajfa-9359	298	36	oil	oil	NOUN
ajfa-9359	298	37	and	and	CCONJ
ajfa-9359	298	38	gas	gas	NOUN
ajfa-9359	298	39	firms	firm	NOUN
ajfa-9359	298	40	,	,	PUNCT
ajfa-9359	298	41	liquidity	liquidity	NOUN
ajfa-9359	298	42	”	"	PUNCT
ajfa-9359	298	43	is	be	AUX
ajfa-9359	298	44	rejected	reject	VERB
ajfa-9359	298	45	.	.	PUNCT
ajfa-9359	299	1	non	non	ADJ
ajfa-9359	299	2	-	-	ADJ
ajfa-9359	299	3	debt	debt	ADJ
ajfa-9359	299	4	tax	tax	NOUN
ajfa-9359	299	5	shield	shield	NOUN
ajfa-9359	299	6	in	in	ADP
ajfa-9359	299	7	the	the	DET
ajfa-9359	299	8	pre	pre	ADJ
ajfa-9359	299	9	-	-	ADJ
ajfa-9359	299	10	crisis	crisis	ADJ
ajfa-9359	299	11	period	period	NOUN
ajfa-9359	299	12	,	,	PUNCT
ajfa-9359	299	13	many	many	ADJ
ajfa-9359	299	14	firms	firm	NOUN
ajfa-9359	299	15	prefer	prefer	VERB
ajfa-9359	299	16	debt	debt	NOUN
ajfa-9359	299	17	financing	financing	NOUN
ajfa-9359	299	18	because	because	SCONJ
ajfa-9359	299	19	interest	interest	NOUN
ajfa-9359	299	20	payments	payment	NOUN
ajfa-9359	299	21	can	can	AUX
ajfa-9359	299	22	be	be	AUX
ajfa-9359	299	23	subtracted	subtract	VERB
ajfa-9359	299	24	from	from	ADP
ajfa-9359	299	25	corporate	corporate	ADJ
ajfa-9359	299	26	tax	tax	NOUN
ajfa-9359	299	27	liability	liability	NOUN
ajfa-9359	299	28	,	,	PUNCT
ajfa-9359	299	29	which	which	PRON
ajfa-9359	299	30	is	be	AUX
ajfa-9359	299	31	known	know	VERB
ajfa-9359	299	32	as	as	ADP
ajfa-9359	299	33	a	a	DET
ajfa-9359	299	34	‘	'	PUNCT
ajfa-9359	299	35	tax	tax	NOUN
ajfa-9359	299	36	shield	shield	NOUN
ajfa-9359	299	37	’	'	PUNCT
ajfa-9359	299	38	whereby	whereby	SCONJ
ajfa-9359	299	39	interest	interest	NOUN
ajfa-9359	299	40	is	be	AUX
ajfa-9359	299	41	deducted	deduct	VERB
ajfa-9359	299	42	from	from	ADP
ajfa-9359	299	43	firm	firm	ADJ
ajfa-9359	299	44	profits	profit	NOUN
ajfa-9359	299	45	before	before	ADP
ajfa-9359	299	46	tax	tax	NOUN
ajfa-9359	299	47	as	as	SCONJ
ajfa-9359	299	48	stated	state	VERB
ajfa-9359	299	49	by	by	ADP
ajfa-9359	299	50	miller	miller	PROPN
ajfa-9359	299	51	and	and	CCONJ
ajfa-9359	299	52	modigliani	modigliani	PROPN
ajfa-9359	299	53	(	(	PUNCT
ajfa-9359	299	54	1958	1958	NUM
ajfa-9359	299	55	)	)	PUNCT
ajfa-9359	299	56	.	.	PUNCT
ajfa-9359	300	1	if	if	SCONJ
ajfa-9359	300	2	the	the	DET
ajfa-9359	300	3	firm	firm	NOUN
ajfa-9359	300	4	is	be	AUX
ajfa-9359	300	5	in	in	ADP
ajfa-9359	300	6	profit	profit	NOUN
ajfa-9359	300	7	,	,	PUNCT
ajfa-9359	300	8	then	then	ADV
ajfa-9359	300	9	this	this	PRON
ajfa-9359	300	10	decreases	decrease	VERB
ajfa-9359	300	11	the	the	DET
ajfa-9359	300	12	borrowing	borrowing	NOUN
ajfa-9359	300	13	cost	cost	NOUN
ajfa-9359	300	14	.	.	PUNCT
ajfa-9359	301	1	thus	thus	ADV
ajfa-9359	301	2	,	,	PUNCT
ajfa-9359	301	3	the	the	DET
ajfa-9359	301	4	coefficient	coefficient	NOUN
ajfa-9359	301	5	of	of	ADP
ajfa-9359	301	6	ndts	ndts	NOUN
ajfa-9359	301	7	is	be	AUX
ajfa-9359	301	8	significantat	significantat	VERB
ajfa-9359	301	9	the	the	DET
ajfa-9359	301	10	1	1	NUM
ajfa-9359	301	11	%	%	NOUN
ajfa-9359	301	12	levelfor	levelfor	NOUN
ajfa-9359	301	13	all	all	DET
ajfa-9359	301	14	periods	period	NOUN
ajfa-9359	301	15	in	in	ADP
ajfa-9359	301	16	this	this	DET
ajfa-9359	301	17	study	study	NOUN
ajfa-9359	301	18	and	and	CCONJ
ajfa-9359	301	19	it	it	PRON
ajfa-9359	301	20	is	be	AUX
ajfa-9359	301	21	negatively	negatively	ADV
ajfa-9359	301	22	related	relate	VERB
ajfa-9359	301	23	to	to	ADP
ajfa-9359	301	24	leverage	leverage	NOUN
ajfa-9359	301	25	.	.	PUNCT
ajfa-9359	302	1	it	it	PRON
ajfa-9359	302	2	is	be	AUX
ajfa-9359	302	3	found	find	VERB
ajfa-9359	302	4	that	that	SCONJ
ajfa-9359	302	5	the	the	DET
ajfa-9359	302	6	global	global	ADJ
ajfa-9359	302	7	financial	financial	ADJ
ajfa-9359	302	8	crisis	crisis	NOUN
ajfa-9359	302	9	in	in	ADP
ajfa-9359	302	10	the	the	DET
ajfa-9359	302	11	period	period	NOUN
ajfa-9359	302	12	of	of	ADP
ajfa-9359	302	13	2007	2007	NUM
ajfa-9359	302	14	-	-	SYM
ajfa-9359	302	15	2009influences	2009influences	NUM
ajfa-9359	302	16	ndtsofoil	ndtsofoil	NOUN
ajfa-9359	302	17	and	and	CCONJ
ajfa-9359	302	18	gas	gas	NOUN
ajfa-9359	302	19	firms	firm	NOUN
ajfa-9359	302	20	.	.	PUNCT
ajfa-9359	303	1	the	the	DET
ajfa-9359	303	2	coefficient	coefficient	NOUN
ajfa-9359	303	3	of	of	ADP
ajfa-9359	303	4	ndts	ndts	ADJ
ajfa-9359	303	5	increases	increase	VERB
ajfa-9359	303	6	strongly	strongly	ADV
ajfa-9359	303	7	in	in	ADP
ajfa-9359	303	8	the	the	DET
ajfa-9359	303	9	crisis	crisis	NOUN
ajfa-9359	303	10	and	and	CCONJ
ajfa-9359	303	11	post	post	VERB
ajfa-9359	303	12	crisis	crisis	NOUN
ajfa-9359	303	13	periods	period	NOUN
ajfa-9359	303	14	;	;	PUNCT
ajfa-9359	303	15	it	it	PRON
ajfa-9359	303	16	is	be	AUX
ajfa-9359	303	17	-0.53	-0.53	ADJ
ajfa-9359	303	18	in	in	ADP
ajfa-9359	303	19	the	the	DET
ajfa-9359	303	20	pre	pre	NOUN
ajfa-9359	303	21	-	-	NOUN
ajfa-9359	303	22	crisis	crisis	ADJ
ajfa-9359	303	23	period	period	NOUN
ajfa-9359	303	24	while	while	SCONJ
ajfa-9359	303	25	it	it	PRON
ajfa-9359	303	26	is	be	AUX
ajfa-9359	303	27	-1.27	-1.27	NUM
ajfa-9359	303	28	and	and	CCONJ
ajfa-9359	303	29	-1.35	-1.35	NOUN
ajfa-9359	303	30	in	in	ADP
ajfa-9359	303	31	the	the	DET
ajfa-9359	303	32	crisis	crisis	NOUN
ajfa-9359	303	33	period	period	NOUN
ajfa-9359	303	34	and	and	CCONJ
ajfa-9359	303	35	post	post	VERB
ajfa-9359	303	36	crisis	crisis	NOUN
ajfa-9359	303	37	period	period	NOUN
ajfa-9359	303	38	,	,	PUNCT
ajfa-9359	303	39	respectively	respectively	ADV
ajfa-9359	303	40	.	.	PUNCT
ajfa-9359	304	1	this	this	PRON
ajfa-9359	304	2	implies	imply	VERB
ajfa-9359	304	3	that	that	SCONJ
ajfa-9359	304	4	firm	firm	ADJ
ajfa-9359	304	5	ndts	ndts	NOUN
ajfa-9359	304	6	is	be	AUX
ajfa-9359	304	7	more	more	ADV
ajfa-9359	304	8	related	related	ADJ
ajfa-9359	304	9	to	to	ADP
ajfa-9359	304	10	leverage	leverage	NOUN
ajfa-9359	304	11	during	during	ADP
ajfa-9359	304	12	the	the	DET
ajfa-9359	304	13	post	post	NOUN
ajfa-9359	304	14	crisis	crisis	NOUN
ajfa-9359	304	15	period	period	NOUN
ajfa-9359	304	16	.	.	PUNCT
ajfa-9359	305	1	therefore	therefore	ADV
ajfa-9359	305	2	,	,	PUNCT
ajfa-9359	305	3	it	it	PRON
ajfa-9359	305	4	can	can	AUX
ajfa-9359	305	5	be	be	AUX
ajfa-9359	305	6	said	say	VERB
ajfa-9359	305	7	that	that	DET
ajfa-9359	305	8	h13	h13	NOUN
ajfa-9359	305	9	,	,	PUNCT
ajfa-9359	305	10	namely	namely	ADV
ajfa-9359	305	11	,	,	PUNCT
ajfa-9359	305	12	“	"	PUNCT
ajfa-9359	305	13	there	there	PRON
ajfa-9359	305	14	is	be	VERB
ajfa-9359	305	15	a	a	DET
ajfa-9359	305	16	strong	strong	ADJ
ajfa-9359	305	17	impact	impact	NOUN
ajfa-9359	305	18	of	of	ADP
ajfa-9359	305	19	the	the	DET
ajfa-9359	305	20	global	global	ADJ
ajfa-9359	305	21	financial	financial	ADJ
ajfa-9359	305	22	crisis	crisis	NOUN
ajfa-9359	305	23	in	in	ADP
ajfa-9359	305	24	the	the	DET
ajfa-9359	305	25	period	period	NOUN
ajfa-9359	305	26	of	of	ADP
ajfa-9359	305	27	2007	2007	NUM
ajfa-9359	305	28	-	-	SYM
ajfa-9359	305	29	2009	2009	NUM
ajfa-9359	305	30	on	on	ADP
ajfa-9359	305	31	the	the	DET
ajfa-9359	305	32	capital	capital	NOUN
ajfa-9359	305	33	structure	structure	NOUN
ajfa-9359	305	34	determinant	determinant	ADJ
ajfa-9359	305	35	of	of	ADP
ajfa-9359	305	36	oil	oil	NOUN
ajfa-9359	305	37	and	and	CCONJ
ajfa-9359	305	38	gas	gas	NOUN
ajfa-9359	305	39	firms	firm	NOUN
ajfa-9359	305	40	,	,	PUNCT
ajfa-9359	305	41	non	non	ADJ
ajfa-9359	305	42	-	-	ADJ
ajfa-9359	305	43	debt	debt	ADJ
ajfa-9359	305	44	tax	tax	NOUN
ajfa-9359	305	45	shield	shield	NOUN
ajfa-9359	305	46	”	"	PUNCT
ajfa-9359	305	47	is	be	AUX
ajfa-9359	305	48	accepted	accept	VERB
ajfa-9359	305	49	.	.	PUNCT
ajfa-9359	306	1	4.7	4.7	NUM
ajfa-9359	306	2	test	test	NOUN
ajfa-9359	306	3	of	of	ADP
ajfa-9359	306	4	the	the	DET
ajfa-9359	306	5	consistency	consistency	NOUN
ajfa-9359	306	6	with	with	ADP
ajfa-9359	306	7	capital	capital	NOUN
ajfa-9359	306	8	structure	structure	NOUN
ajfa-9359	306	9	theories	theory	NOUN
ajfa-9359	306	10	one	one	NUM
ajfa-9359	306	11	of	of	ADP
ajfa-9359	306	12	the	the	DET
ajfa-9359	306	13	aims	aim	NOUN
ajfa-9359	306	14	of	of	ADP
ajfa-9359	306	15	this	this	DET
ajfa-9359	306	16	study	study	NOUN
ajfa-9359	306	17	is	be	AUX
ajfa-9359	306	18	to	to	PART
ajfa-9359	306	19	find	find	VERB
ajfa-9359	306	20	out	out	ADP
ajfa-9359	306	21	which	which	PRON
ajfa-9359	306	22	of	of	ADP
ajfa-9359	306	23	the	the	DET
ajfa-9359	306	24	capital	capital	NOUN
ajfa-9359	306	25	structure	structure	NOUN
ajfa-9359	306	26	theories	theory	NOUN
ajfa-9359	306	27	best	well	ADV
ajfa-9359	306	28	explains	explain	VERB
ajfa-9359	306	29	the	the	DET
ajfa-9359	306	30	financing	financing	NOUN
ajfa-9359	306	31	decisions	decision	NOUN
ajfa-9359	306	32	of	of	ADP
ajfa-9359	306	33	oil	oil	NOUN
ajfa-9359	306	34	and	and	CCONJ
ajfa-9359	306	35	gas	gas	NOUN
ajfa-9359	306	36	firms	firm	NOUN
ajfa-9359	306	37	investigated	investigate	VERB
ajfa-9359	306	38	over	over	ADP
ajfa-9359	306	39	the	the	DET
ajfa-9359	306	40	period	period	NOUN
ajfa-9359	306	41	of	of	ADP
ajfa-9359	306	42	2000-2015.as	2000-2015.as	NUM
ajfa-9359	306	43	mentioned	mention	VERB
ajfa-9359	306	44	before	before	ADV
ajfa-9359	306	45	,	,	PUNCT
ajfa-9359	306	46	this	this	DET
ajfa-9359	306	47	study	study	NOUN
ajfa-9359	306	48	is	be	AUX
ajfa-9359	306	49	concerned	concern	VERB
ajfa-9359	306	50	with	with	ADP
ajfa-9359	306	51	three	three	NUM
ajfa-9359	306	52	capital	capital	NOUN
ajfa-9359	306	53	structure	structure	NOUN
ajfa-9359	306	54	theories	theory	NOUN
ajfa-9359	306	55	,	,	PUNCT
ajfa-9359	306	56	namely	namely	ADV
ajfa-9359	306	57	,	,	PUNCT
ajfa-9359	306	58	trade	trade	NOUN
ajfa-9359	306	59	-	-	PUNCT
ajfa-9359	306	60	off	off	ADP
ajfa-9359	306	61	theory	theory	NOUN
ajfa-9359	306	62	,	,	PUNCT
ajfa-9359	306	63	pecking	pecking	NOUN
ajfa-9359	306	64	order	order	NOUN
ajfa-9359	306	65	theory	theory	NOUN
ajfa-9359	306	66	and	and	CCONJ
ajfa-9359	306	67	agency	agency	NOUN
ajfa-9359	306	68	cost	cost	NOUN
ajfa-9359	306	69	theory	theory	NOUN
ajfa-9359	306	70	.	.	PUNCT
ajfa-9359	307	1	the	the	DET
ajfa-9359	307	2	theories	theory	NOUN
ajfa-9359	307	3	are	be	AUX
ajfa-9359	307	4	different	different	ADJ
ajfa-9359	307	5	in	in	ADP
ajfa-9359	307	6	terms	term	NOUN
ajfa-9359	307	7	of	of	ADP
ajfa-9359	307	8	their	their	PRON
ajfa-9359	307	9	traits	trait	NOUN
ajfa-9359	307	10	in	in	ADP
ajfa-9359	307	11	explaining	explain	VERB
ajfa-9359	307	12	the	the	DET
ajfa-9359	307	13	corporate	corporate	ADJ
ajfa-9359	307	14	capital	capital	NOUN
ajfa-9359	307	15	structure	structure	NOUN
ajfa-9359	307	16	.	.	PUNCT
ajfa-9359	308	1	the	the	DET
ajfa-9359	308	2	trade	trade	NOUN
ajfa-9359	308	3	-	-	PUNCT
ajfa-9359	308	4	off	off	ADP
ajfa-9359	308	5	theory	theory	NOUN
ajfa-9359	308	6	assumes	assume	VERB
ajfa-9359	308	7	that	that	SCONJ
ajfa-9359	308	8	the	the	DET
ajfa-9359	308	9	optimal	optimal	ADJ
ajfa-9359	308	10	capital	capital	NOUN
ajfa-9359	308	11	structure	structure	NOUN
ajfa-9359	308	12	is	be	AUX
ajfa-9359	308	13	a	a	DET
ajfa-9359	308	14	trade	trade	NOUN
ajfa-9359	308	15	-	-	PUNCT
ajfa-9359	308	16	off	off	NOUN
ajfa-9359	308	17	between	between	ADP
ajfa-9359	308	18	bankruptcy	bankruptcy	NOUN
ajfa-9359	308	19	costs	cost	NOUN
ajfa-9359	308	20	and	and	CCONJ
ajfa-9359	308	21	the	the	DET
ajfa-9359	308	22	net	net	ADJ
ajfa-9359	308	23	tax	tax	NOUN
ajfa-9359	308	24	benefit	benefit	NOUN
ajfa-9359	308	25	of	of	ADP
ajfa-9359	308	26	using	use	VERB
ajfa-9359	308	27	debt	debt	NOUN
ajfa-9359	308	28	as	as	ADP
ajfa-9359	308	29	a	a	DET
ajfa-9359	308	30	main	main	ADJ
ajfa-9359	308	31	finance	finance	NOUN
ajfa-9359	308	32	source	source	NOUN
ajfa-9359	308	33	.	.	PUNCT
ajfa-9359	309	1	firms	firm	NOUN
ajfa-9359	309	2	that	that	PRON
ajfa-9359	309	3	have	have	VERB
ajfa-9359	309	4	high	high	ADJ
ajfa-9359	309	5	tangible	tangible	ADJ
ajfa-9359	309	6	assets	asset	NOUN
ajfa-9359	309	7	are	be	AUX
ajfa-9359	309	8	able	able	ADJ
ajfa-9359	309	9	to	to	PART
ajfa-9359	309	10	provide	provide	VERB
ajfa-9359	309	11	collateral	collateral	NOUN
ajfa-9359	309	12	for	for	ADP
ajfa-9359	309	13	debts	debt	NOUN
ajfa-9359	309	14	,	,	PUNCT
ajfa-9359	309	15	so	so	SCONJ
ajfa-9359	309	16	these	these	DET
ajfa-9359	309	17	firms	firm	NOUN
ajfa-9359	309	18	can	can	AUX
ajfa-9359	309	19	use	use	VERB
ajfa-9359	309	20	more	more	ADJ
ajfa-9359	309	21	debt	debt	NOUN
ajfa-9359	309	22	.	.	PUNCT
ajfa-9359	310	1	also	also	ADV
ajfa-9359	310	2	,	,	PUNCT
ajfa-9359	310	3	firms	firm	NOUN
ajfa-9359	310	4	that	that	PRON
ajfa-9359	310	5	are	be	AUX
ajfa-9359	310	6	larger	large	ADJ
ajfa-9359	310	7	in	in	ADP
ajfa-9359	310	8	size	size	NOUN
ajfa-9359	310	9	and	and	CCONJ
ajfa-9359	310	10	have	have	VERB
ajfa-9359	310	11	high	high	ADJ
ajfa-9359	310	12	profitability	profitability	NOUN
ajfa-9359	310	13	have	have	VERB
ajfa-9359	310	14	high	high	ADJ
ajfa-9359	310	15	debt	debt	NOUN
ajfa-9359	310	16	ratio	ratio	NOUN
ajfa-9359	310	17	and	and	CCONJ
ajfa-9359	310	18	firms	firm	NOUN
ajfa-9359	310	19	that	that	PRON
ajfa-9359	310	20	have	have	VERB
ajfa-9359	310	21	high	high	ADJ
ajfa-9359	310	22	growth	growth	NOUN
ajfa-9359	310	23	opportunities	opportunity	NOUN
ajfa-9359	310	24	rate	rate	NOUN
ajfa-9359	310	25	use	use	VERB
ajfa-9359	310	26	less	less	ADJ
ajfa-9359	310	27	debt	debt	NOUN
ajfa-9359	310	28	.	.	PUNCT
ajfa-9359	311	1	on	on	ADP
ajfa-9359	311	2	the	the	DET
ajfa-9359	311	3	other	other	ADJ
ajfa-9359	311	4	hand	hand	NOUN
ajfa-9359	311	5	,	,	PUNCT
ajfa-9359	311	6	pecking	pecking	NOUN
ajfa-9359	311	7	order	order	NOUN
ajfa-9359	311	8	theory	theory	NOUN
ajfa-9359	311	9	suggests	suggest	VERB
ajfa-9359	311	10	that	that	SCONJ
ajfa-9359	311	11	a	a	DET
ajfa-9359	311	12	firm	firm	NOUN
ajfa-9359	311	13	prefers	prefer	VERB
ajfa-9359	311	14	internal	internal	ADJ
ajfa-9359	311	15	financing	financing	NOUN
ajfa-9359	311	16	sources	source	NOUN
ajfa-9359	311	17	to	to	ADP
ajfa-9359	311	18	external	external	ADJ
ajfa-9359	311	19	financing	financing	NOUN
ajfa-9359	311	20	ones	one	NOUN
ajfa-9359	311	21	and	and	CCONJ
ajfa-9359	311	22	dangerous	dangerous	ADJ
ajfa-9359	311	23	debt	debt	NOUN
ajfa-9359	311	24	to	to	ADP
ajfa-9359	311	25	equity	equity	NOUN
ajfa-9359	311	26	because	because	SCONJ
ajfa-9359	311	27	of	of	ADP
ajfa-9359	311	28	the	the	DET
ajfa-9359	311	29	information	information	NOUN
ajfa-9359	311	30	asymmetries	asymmetry	NOUN
ajfa-9359	311	31	between	between	ADP
ajfa-9359	311	32	shareholders	shareholder	NOUN
ajfa-9359	311	33	and	and	CCONJ
ajfa-9359	311	34	outsider	outsider	NOUN
ajfa-9359	311	35	investors	investor	NOUN
ajfa-9359	311	36	.	.	PUNCT
ajfa-9359	312	1	in	in	ADP
ajfa-9359	312	2	addition	addition	NOUN
ajfa-9359	312	3	,	,	PUNCT
ajfa-9359	312	4	the	the	DET
ajfa-9359	312	5	third	third	ADJ
ajfa-9359	312	6	theory	theory	NOUN
ajfa-9359	312	7	,	,	PUNCT
ajfa-9359	312	8	agency	agency	NOUN
ajfa-9359	312	9	cost	cost	NOUN
ajfa-9359	312	10	theory	theory	NOUN
ajfa-9359	312	11	,	,	PUNCT
ajfa-9359	312	12	gives	give	VERB
ajfa-9359	312	13	an	an	DET
ajfa-9359	312	14	explanation	explanation	NOUN
ajfa-9359	312	15	of	of	ADP
ajfa-9359	312	16	firms	firm	NOUN
ajfa-9359	312	17	’	'	PUNCT
ajfa-9359	312	18	financial	financial	ADJ
ajfa-9359	312	19	behaviour	behaviour	NOUN
ajfa-9359	312	20	in	in	ADP
ajfa-9359	312	21	the	the	DET
ajfa-9359	312	22	context	context	NOUN
ajfa-9359	312	23	of	of	ADP
ajfa-9359	312	24	agent	agent	NOUN
ajfa-9359	312	25	and	and	CCONJ
ajfa-9359	312	26	manager	manager	NOUN
ajfa-9359	312	27	relationship	relationship	NOUN
ajfa-9359	312	28	.	.	PUNCT
ajfa-9359	312	29	table	table	NOUN
ajfa-9359	312	30	4.9	4.9	NUM
ajfa-9359	312	31	,	,	PUNCT
ajfa-9359	312	32	in	in	ADP
ajfa-9359	312	33	the	the	DET
ajfa-9359	312	34	appendix	appendix	NOUN
ajfa-9359	312	35	,	,	PUNCT
ajfa-9359	312	36	summarizes	summarize	VERB
ajfa-9359	312	37	the	the	DET
ajfa-9359	312	38	hypothesized	hypothesized	ADJ
ajfa-9359	312	39	,	,	PUNCT
ajfa-9359	312	40	expected	expect	VERB
ajfa-9359	312	41	and	and	CCONJ
ajfa-9359	312	42	observed	observe	VERB
ajfa-9359	312	43	theoretical	theoretical	ADJ
ajfa-9359	312	44	signs	sign	NOUN
ajfa-9359	312	45	of	of	ADP
ajfa-9359	312	46	the	the	DET
ajfa-9359	312	47	explanatory	explanatory	ADJ
ajfa-9359	312	48	variables	variable	NOUN
ajfa-9359	312	49	.	.	PUNCT
ajfa-9359	313	1	therefore	therefore	ADV
ajfa-9359	313	2	,	,	PUNCT
ajfa-9359	313	3	a	a	DET
ajfa-9359	313	4	test	test	NOUN
ajfa-9359	313	5	of	of	ADP
ajfa-9359	313	6	the	the	DET
ajfa-9359	313	7	consistency	consistency	NOUN
ajfa-9359	313	8	with	with	ADP
ajfa-9359	313	9	theory	theory	NOUN
ajfa-9359	313	10	of	of	ADP
ajfa-9359	313	11	the	the	DET
ajfa-9359	313	12	capital	capital	NOUN
ajfa-9359	313	13	structure	structure	NOUN
ajfa-9359	313	14	in	in	ADP
ajfa-9359	313	15	the	the	DET
ajfa-9359	313	16	oil	oil	NOUN
ajfa-9359	313	17	and	and	CCONJ
ajfa-9359	313	18	gas	gas	NOUN
ajfa-9359	313	19	firms	firm	NOUN
ajfa-9359	313	20	is	be	AUX
ajfa-9359	313	21	made	make	VERB
ajfa-9359	313	22	relying	rely	VERB
ajfa-9359	313	23	on	on	ADP
ajfa-9359	313	24	the	the	DET
ajfa-9359	313	25	expected	expect	VERB
ajfa-9359	313	26	and	and	CCONJ
ajfa-9359	313	27	observed	observed	ADJ
ajfa-9359	313	28	signs	sign	NOUN
ajfa-9359	313	29	of	of	ADP
ajfa-9359	313	30	the	the	DET
ajfa-9359	313	31	coefficients	coefficient	NOUN
ajfa-9359	313	32	of	of	ADP
ajfa-9359	313	33	the	the	DET
ajfa-9359	313	34	explanatory	explanatory	ADJ
ajfa-9359	313	35	variables	variable	NOUN
ajfa-9359	313	36	.	.	PUNCT
ajfa-9359	314	1	hence	hence	ADV
ajfa-9359	314	2	,	,	PUNCT
ajfa-9359	314	3	this	this	DET
ajfa-9359	314	4	study	study	NOUN
ajfa-9359	314	5	concludes	conclude	VERB
ajfa-9359	314	6	the	the	DET
ajfa-9359	314	7	following	follow	VERB
ajfa-9359	314	8	:	:	PUNCT
ajfa-9359	314	9	asian	asian	ADJ
ajfa-9359	314	10	journal	journal	NOUN
ajfa-9359	314	11	of	of	ADP
ajfa-9359	314	12	finance	finance	PROPN
ajfa-9359	314	13	&	&	CCONJ
ajfa-9359	314	14	accounting	accounting	PROPN
ajfa-9359	314	15	issn	issn	PROPN
ajfa-9359	314	16	1946	1946	NUM
ajfa-9359	314	17	-	-	PUNCT
ajfa-9359	314	18	052x	052x	PROPN
ajfa-9359	314	19	2017	2017	NUM
ajfa-9359	314	20	,	,	PUNCT
ajfa-9359	314	21	vol	vol	NOUN
ajfa-9359	314	22	.	.	NOUN
ajfa-9359	314	23	9	9	NUM
ajfa-9359	314	24	,	,	PUNCT
ajfa-9359	314	25	no	no	INTJ
ajfa-9359	314	26	.	.	NOUN
ajfa-9359	314	27	1	1	NUM
ajfa-9359	314	28	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	314	29	19	19	NUM
ajfa-9359	314	30	table	table	NOUN
ajfa-9359	314	31	4.9	4.9	NUM
ajfa-9359	314	32	shows	show	VERB
ajfa-9359	314	33	that	that	SCONJ
ajfa-9359	314	34	all	all	DET
ajfa-9359	314	35	determinants	determinant	NOUN
ajfa-9359	314	36	of	of	ADP
ajfa-9359	314	37	the	the	DET
ajfa-9359	314	38	capital	capital	NOUN
ajfa-9359	314	39	structure	structure	NOUN
ajfa-9359	314	40	choice	choice	NOUN
ajfa-9359	314	41	of	of	ADP
ajfa-9359	314	42	oil	oil	NOUN
ajfa-9359	314	43	and	and	CCONJ
ajfa-9359	314	44	gas	gas	NOUN
ajfa-9359	314	45	firms	firm	NOUN
ajfa-9359	314	46	except	except	SCONJ
ajfa-9359	314	47	size	size	NOUN
ajfa-9359	314	48	and	and	CCONJ
ajfa-9359	314	49	ndts	ndts	NOUN
ajfa-9359	314	50	are	be	AUX
ajfa-9359	314	51	in	in	ADP
ajfa-9359	314	52	agreement	agreement	NOUN
ajfa-9359	314	53	with	with	ADP
ajfa-9359	314	54	the	the	DET
ajfa-9359	314	55	pecking	pecking	NOUN
ajfa-9359	314	56	order	order	NOUN
ajfa-9359	314	57	theory	theory	NOUN
ajfa-9359	314	58	.	.	PUNCT
ajfa-9359	315	1	thus	thus	ADV
ajfa-9359	315	2	,	,	PUNCT
ajfa-9359	315	3	it	it	PRON
ajfa-9359	315	4	can	can	AUX
ajfa-9359	315	5	now	now	ADV
ajfa-9359	315	6	be	be	AUX
ajfa-9359	315	7	announced	announce	VERB
ajfa-9359	315	8	that	that	SCONJ
ajfa-9359	315	9	the	the	DET
ajfa-9359	315	10	pecking	pecking	NOUN
ajfa-9359	315	11	order	order	NOUN
ajfa-9359	315	12	theory	theory	NOUN
ajfa-9359	315	13	best	well	ADV
ajfa-9359	315	14	explains	explain	VERB
ajfa-9359	315	15	the	the	DET
ajfa-9359	315	16	capital	capital	NOUN
ajfa-9359	315	17	structure	structure	NOUN
ajfa-9359	315	18	theory	theory	NOUN
ajfa-9359	315	19	of	of	ADP
ajfa-9359	315	20	oil	oil	NOUN
ajfa-9359	315	21	and	and	CCONJ
ajfa-9359	315	22	gas	gas	NOUN
ajfa-9359	315	23	firms	firm	NOUN
ajfa-9359	315	24	listed	list	VERB
ajfa-9359	315	25	on	on	ADP
ajfa-9359	315	26	the	the	DET
ajfa-9359	315	27	global	global	ADJ
ajfa-9359	315	28	oil	oil	NOUN
ajfa-9359	315	29	and	and	CCONJ
ajfa-9359	315	30	gas	gas	NOUN
ajfa-9359	315	31	index	index	NOUN
ajfa-9359	315	32	over	over	ADP
ajfa-9359	315	33	the	the	DET
ajfa-9359	315	34	period	period	NOUN
ajfa-9359	315	35	of	of	ADP
ajfa-9359	315	36	2000	2000	NUM
ajfa-9359	315	37	-	-	SYM
ajfa-9359	315	38	2015	2015	NUM
ajfa-9359	315	39	.	.	PUNCT
ajfa-9359	316	1	5	5	X
ajfa-9359	316	2	.	.	X
ajfa-9359	316	3	conclusion	conclusion	NOUN
ajfa-9359	316	4	capital	capital	NOUN
ajfa-9359	316	5	structure	structure	NOUN
ajfa-9359	316	6	is	be	AUX
ajfa-9359	316	7	still	still	ADV
ajfa-9359	316	8	considered	consider	VERB
ajfa-9359	316	9	an	an	DET
ajfa-9359	316	10	important	important	ADJ
ajfa-9359	316	11	topic	topic	NOUN
ajfa-9359	316	12	that	that	PRON
ajfa-9359	316	13	attracts	attract	VERB
ajfa-9359	316	14	corporate	corporate	ADJ
ajfa-9359	316	15	managers	manager	NOUN
ajfa-9359	316	16	and	and	CCONJ
ajfa-9359	316	17	academics	academic	NOUN
ajfa-9359	316	18	.	.	PUNCT
ajfa-9359	317	1	this	this	DET
ajfa-9359	317	2	study	study	NOUN
ajfa-9359	317	3	explored	explore	VERB
ajfa-9359	317	4	the	the	DET
ajfa-9359	317	5	determinants	determinant	NOUN
ajfa-9359	317	6	of	of	ADP
ajfa-9359	317	7	capital	capital	NOUN
ajfa-9359	317	8	structure	structure	NOUN
ajfa-9359	317	9	of	of	ADP
ajfa-9359	317	10	346	346	NUM
ajfa-9359	317	11	firms	firm	NOUN
ajfa-9359	317	12	listed	list	VERB
ajfa-9359	317	13	on	on	ADP
ajfa-9359	317	14	the	the	DET
ajfa-9359	317	15	global	global	ADJ
ajfa-9359	317	16	oil	oil	NOUN
ajfa-9359	317	17	and	and	CCONJ
ajfa-9359	317	18	gas	gas	NOUN
ajfa-9359	317	19	index	index	NOUN
ajfa-9359	317	20	over	over	ADP
ajfa-9359	317	21	the	the	DET
ajfa-9359	317	22	period	period	NOUN
ajfa-9359	317	23	of	of	ADP
ajfa-9359	317	24	2000	2000	NUM
ajfa-9359	317	25	-	-	SYM
ajfa-9359	317	26	2015	2015	NUM
ajfa-9359	317	27	.	.	PUNCT
ajfa-9359	318	1	pooled	pool	VERB
ajfa-9359	318	2	ordinary	ordinary	ADJ
ajfa-9359	318	3	least	least	ADJ
ajfa-9359	318	4	squares	square	NOUN
ajfa-9359	318	5	(	(	PUNCT
ajfa-9359	318	6	ols	ol	NOUN
ajfa-9359	318	7	)	)	PUNCT
ajfa-9359	318	8	regression	regression	NOUN
ajfa-9359	318	9	techniques	technique	NOUN
ajfa-9359	318	10	were	be	AUX
ajfa-9359	318	11	been	be	AUX
ajfa-9359	318	12	used	use	VERB
ajfa-9359	318	13	on	on	ADP
ajfa-9359	318	14	panel	panel	NOUN
ajfa-9359	318	15	data	datum	NOUN
ajfa-9359	318	16	as	as	ADV
ajfa-9359	318	17	well	well	ADV
ajfa-9359	318	18	as	as	ADP
ajfa-9359	318	19	using	use	VERB
ajfa-9359	318	20	the	the	DET
ajfa-9359	318	21	statistical	statistical	ADJ
ajfa-9359	318	22	computer	computer	NOUN
ajfa-9359	318	23	package	package	NOUN
ajfa-9359	318	24	of	of	ADP
ajfa-9359	318	25	stata	stata	NOUN
ajfa-9359	318	26	.	.	PUNCT
ajfa-9359	319	1	for	for	ADP
ajfa-9359	319	2	this	this	DET
ajfa-9359	319	3	study	study	NOUN
ajfa-9359	319	4	,	,	PUNCT
ajfa-9359	319	5	the	the	DET
ajfa-9359	319	6	total	total	ADJ
ajfa-9359	319	7	debt	debt	NOUN
ajfa-9359	319	8	ratio	ratio	NOUN
ajfa-9359	319	9	is	be	AUX
ajfa-9359	319	10	taken	take	VERB
ajfa-9359	319	11	as	as	ADP
ajfa-9359	319	12	a	a	DET
ajfa-9359	319	13	measure	measure	NOUN
ajfa-9359	319	14	of	of	ADP
ajfa-9359	319	15	leverage	leverage	NOUN
ajfa-9359	319	16	,	,	PUNCT
ajfa-9359	319	17	the	the	DET
ajfa-9359	319	18	dependent	dependent	ADJ
ajfa-9359	319	19	variable	variable	NOUN
ajfa-9359	319	20	.	.	PUNCT
ajfa-9359	320	1	also	also	ADV
ajfa-9359	320	2	,	,	PUNCT
ajfa-9359	320	3	liquidity	liquidity	NOUN
ajfa-9359	320	4	,	,	PUNCT
ajfa-9359	320	5	profitability	profitability	NOUN
ajfa-9359	320	6	,	,	PUNCT
ajfa-9359	320	7	size	size	NOUN
ajfa-9359	320	8	,	,	PUNCT
ajfa-9359	320	9	growth	growth	NOUN
ajfa-9359	320	10	,	,	PUNCT
ajfa-9359	320	11	non	non	ADJ
ajfa-9359	320	12	-	-	ADJ
ajfa-9359	320	13	debt	debt	ADJ
ajfa-9359	320	14	shield	shield	NOUN
ajfa-9359	320	15	,	,	PUNCT
ajfa-9359	320	16	and	and	CCONJ
ajfa-9359	320	17	tangibility	tangibility	NOUN
ajfa-9359	320	18	are	be	AUX
ajfa-9359	320	19	all	all	PRON
ajfa-9359	320	20	selected	select	VERB
ajfa-9359	320	21	to	to	PART
ajfa-9359	320	22	be	be	AUX
ajfa-9359	320	23	independent	independent	ADJ
ajfa-9359	320	24	variables	variable	NOUN
ajfa-9359	320	25	.	.	PUNCT
ajfa-9359	321	1	additionally	additionally	ADV
ajfa-9359	321	2	,	,	PUNCT
ajfa-9359	321	3	this	this	DET
ajfa-9359	321	4	study	study	NOUN
ajfa-9359	321	5	examines	examine	VERB
ajfa-9359	321	6	the	the	DET
ajfa-9359	321	7	impact	impact	NOUN
ajfa-9359	321	8	of	of	ADP
ajfa-9359	321	9	the	the	DET
ajfa-9359	321	10	global	global	ADJ
ajfa-9359	321	11	financial	financial	ADJ
ajfa-9359	321	12	crisis	crisis	NOUN
ajfa-9359	321	13	on	on	ADP
ajfa-9359	321	14	the	the	DET
ajfa-9359	321	15	firm	firm	ADJ
ajfa-9359	321	16	-	-	PUNCT
ajfa-9359	321	17	specific	specific	ADJ
ajfa-9359	321	18	determinants	determinant	NOUN
ajfa-9359	321	19	of	of	ADP
ajfa-9359	321	20	capital	capital	NOUN
ajfa-9359	321	21	structure	structure	NOUN
ajfa-9359	321	22	of	of	ADP
ajfa-9359	321	23	oil	oil	NOUN
ajfa-9359	321	24	and	and	CCONJ
ajfa-9359	321	25	gas	gas	NOUN
ajfa-9359	321	26	firms	firm	NOUN
ajfa-9359	321	27	.	.	PUNCT
ajfa-9359	322	1	even	even	ADV
ajfa-9359	322	2	since	since	SCONJ
ajfa-9359	322	3	miller	miller	PROPN
ajfa-9359	322	4	and	and	CCONJ
ajfa-9359	322	5	modigliani	modigliani	PROPN
ajfa-9359	322	6	’s	’s	PART
ajfa-9359	322	7	(	(	PUNCT
ajfa-9359	322	8	1958	1958	NUM
ajfa-9359	322	9	)	)	PUNCT
ajfa-9359	322	10	claim	claim	VERB
ajfa-9359	322	11	that	that	SCONJ
ajfa-9359	322	12	capital	capital	NOUN
ajfa-9359	322	13	structure	structure	NOUN
ajfa-9359	322	14	is	be	AUX
ajfa-9359	322	15	irrelevant	irrelevant	ADJ
ajfa-9359	322	16	to	to	ADP
ajfa-9359	322	17	firm	firm	ADJ
ajfa-9359	322	18	value	value	NOUN
ajfa-9359	322	19	,	,	PUNCT
ajfa-9359	322	20	some	some	DET
ajfa-9359	322	21	theories	theory	NOUN
ajfa-9359	322	22	that	that	PRON
ajfa-9359	322	23	suggest	suggest	VERB
ajfa-9359	322	24	the	the	DET
ajfa-9359	322	25	opposite	opposite	NOUN
ajfa-9359	322	26	have	have	AUX
ajfa-9359	322	27	been	be	AUX
ajfa-9359	322	28	developed	develop	VERB
ajfa-9359	322	29	.	.	PUNCT
ajfa-9359	323	1	in	in	ADP
ajfa-9359	323	2	this	this	DET
ajfa-9359	323	3	study	study	NOUN
ajfa-9359	323	4	,	,	PUNCT
ajfa-9359	323	5	the	the	DET
ajfa-9359	323	6	main	main	ADJ
ajfa-9359	323	7	three	three	NUM
ajfa-9359	323	8	capital	capital	NOUN
ajfa-9359	323	9	structure	structure	NOUN
ajfa-9359	323	10	theories	theory	NOUN
ajfa-9359	323	11	,	,	PUNCT
ajfa-9359	323	12	namely	namely	ADV
ajfa-9359	323	13	,	,	PUNCT
ajfa-9359	323	14	trade	trade	NOUN
ajfa-9359	323	15	-	-	PUNCT
ajfa-9359	323	16	off	off	ADP
ajfa-9359	323	17	theory	theory	NOUN
ajfa-9359	323	18	,	,	PUNCT
ajfa-9359	323	19	pecking	pecking	NOUN
ajfa-9359	323	20	order	order	NOUN
ajfa-9359	323	21	theory	theory	NOUN
ajfa-9359	323	22	and	and	CCONJ
ajfa-9359	323	23	agency	agency	NOUN
ajfa-9359	323	24	cost	cost	NOUN
ajfa-9359	323	25	theory	theory	NOUN
ajfa-9359	323	26	are	be	AUX
ajfa-9359	323	27	investigated	investigate	VERB
ajfa-9359	323	28	to	to	PART
ajfa-9359	323	29	find	find	VERB
ajfa-9359	323	30	out	out	ADP
ajfa-9359	323	31	which	which	DET
ajfa-9359	323	32	one	one	NUM
ajfa-9359	323	33	best	good	ADJ
ajfa-9359	323	34	explains	explain	VERB
ajfa-9359	323	35	the	the	DET
ajfa-9359	323	36	financial	financial	ADJ
ajfa-9359	323	37	behavior	behavior	NOUN
ajfa-9359	323	38	of	of	ADP
ajfa-9359	323	39	the	the	DET
ajfa-9359	323	40	selected	select	VERB
ajfa-9359	323	41	firms	firm	NOUN
ajfa-9359	323	42	since	since	SCONJ
ajfa-9359	323	43	they	they	PRON
ajfa-9359	323	44	give	give	VERB
ajfa-9359	323	45	different	different	ADJ
ajfa-9359	323	46	explanations	explanation	NOUN
ajfa-9359	323	47	of	of	ADP
ajfa-9359	323	48	the	the	DET
ajfa-9359	323	49	capital	capital	NOUN
ajfa-9359	323	50	structure	structure	NOUN
ajfa-9359	323	51	decision	decision	NOUN
ajfa-9359	323	52	.	.	PUNCT
ajfa-9359	324	1	furthermore	furthermore	ADV
ajfa-9359	324	2	,	,	PUNCT
ajfa-9359	324	3	literature	literature	NOUN
ajfa-9359	324	4	has	have	VERB
ajfa-9359	324	5	a	a	DET
ajfa-9359	324	6	lot	lot	NOUN
ajfa-9359	324	7	of	of	ADP
ajfa-9359	324	8	research	research	NOUN
ajfa-9359	324	9	and	and	CCONJ
ajfa-9359	324	10	study	study	NOUN
ajfa-9359	324	11	about	about	ADP
ajfa-9359	324	12	this	this	DET
ajfa-9359	324	13	topic	topic	NOUN
ajfa-9359	324	14	conducted	conduct	VERB
ajfa-9359	324	15	on	on	ADP
ajfa-9359	324	16	many	many	ADJ
ajfa-9359	324	17	different	different	ADJ
ajfa-9359	324	18	countries	country	NOUN
ajfa-9359	324	19	as	as	ADV
ajfa-9359	324	20	well	well	ADV
ajfa-9359	324	21	as	as	ADP
ajfa-9359	324	22	on	on	ADP
ajfa-9359	324	23	many	many	ADJ
ajfa-9359	324	24	different	different	ADJ
ajfa-9359	324	25	determinants	determinant	NOUN
ajfa-9359	324	26	of	of	ADP
ajfa-9359	324	27	the	the	DET
ajfa-9359	324	28	capital	capital	NOUN
ajfa-9359	324	29	structure	structure	NOUN
ajfa-9359	324	30	decision	decision	NOUN
ajfa-9359	324	31	.	.	PUNCT
ajfa-9359	325	1	consequently	consequently	ADV
ajfa-9359	325	2	,	,	PUNCT
ajfa-9359	325	3	the	the	DET
ajfa-9359	325	4	primary	primary	ADJ
ajfa-9359	325	5	objective	objective	NOUN
ajfa-9359	325	6	of	of	ADP
ajfa-9359	325	7	the	the	DET
ajfa-9359	325	8	study	study	NOUN
ajfa-9359	325	9	is	be	AUX
ajfa-9359	325	10	to	to	PART
ajfa-9359	325	11	fill	fill	VERB
ajfa-9359	325	12	up	up	ADP
ajfa-9359	325	13	the	the	DET
ajfa-9359	325	14	gap	gap	NOUN
ajfa-9359	325	15	in	in	ADP
ajfa-9359	325	16	the	the	DET
ajfa-9359	325	17	current	current	ADJ
ajfa-9359	325	18	literature	literature	NOUN
ajfa-9359	325	19	by	by	ADP
ajfa-9359	325	20	optimistically	optimistically	ADV
ajfa-9359	325	21	providing	provide	VERB
ajfa-9359	325	22	some	some	DET
ajfa-9359	325	23	helpful	helpful	ADJ
ajfa-9359	325	24	information	information	NOUN
ajfa-9359	325	25	and	and	CCONJ
ajfa-9359	325	26	useful	useful	ADJ
ajfa-9359	325	27	finding	finding	NOUN
ajfa-9359	325	28	about	about	ADP
ajfa-9359	325	29	the	the	DET
ajfa-9359	325	30	capital	capital	NOUN
ajfa-9359	325	31	structure	structure	NOUN
ajfa-9359	325	32	determinants	determinant	NOUN
ajfa-9359	325	33	of	of	ADP
ajfa-9359	325	34	oil	oil	NOUN
ajfa-9359	325	35	and	and	CCONJ
ajfa-9359	325	36	gas	gas	NOUN
ajfa-9359	325	37	firms	firm	NOUN
ajfa-9359	325	38	.	.	PUNCT
ajfa-9359	326	1	according	accord	VERB
ajfa-9359	326	2	to	to	ADP
ajfa-9359	326	3	the	the	DET
ajfa-9359	326	4	descriptive	descriptive	ADJ
ajfa-9359	326	5	statistic	statistic	NOUN
ajfa-9359	326	6	,	,	PUNCT
ajfa-9359	326	7	shown	show	VERB
ajfa-9359	326	8	in	in	ADP
ajfa-9359	326	9	table	table	NOUN
ajfa-9359	326	10	4.4	4.4	NUM
ajfa-9359	326	11	,	,	PUNCT
ajfa-9359	326	12	leverage	leverage	NOUN
ajfa-9359	326	13	,	,	PUNCT
ajfa-9359	326	14	defined	define	VERB
ajfa-9359	326	15	as	as	ADP
ajfa-9359	326	16	the	the	DET
ajfa-9359	326	17	average	average	ADJ
ajfa-9359	326	18	ratio	ratio	NOUN
ajfa-9359	326	19	of	of	ADP
ajfa-9359	326	20	total	total	ADJ
ajfa-9359	326	21	debt	debt	NOUN
ajfa-9359	326	22	to	to	ADP
ajfa-9359	326	23	book	book	NOUN
ajfa-9359	326	24	value	value	NOUN
ajfa-9359	326	25	of	of	ADP
ajfa-9359	326	26	total	total	ADJ
ajfa-9359	326	27	assets	asset	NOUN
ajfa-9359	326	28	(	(	PUNCT
ajfa-9359	326	29	tda	tda	NOUN
ajfa-9359	326	30	)	)	PUNCT
ajfa-9359	326	31	,	,	PUNCT
ajfa-9359	326	32	is	be	AUX
ajfa-9359	326	33	found	find	VERB
ajfa-9359	326	34	to	to	PART
ajfa-9359	326	35	be	be	AUX
ajfa-9359	326	36	0.246	0.246	NUM
ajfa-9359	326	37	,	,	PUNCT
ajfa-9359	326	38	indicating	indicate	VERB
ajfa-9359	326	39	that	that	SCONJ
ajfa-9359	326	40	only	only	ADV
ajfa-9359	326	41	24.6	24.6	NUM
ajfa-9359	326	42	%	%	NOUN
ajfa-9359	326	43	of	of	ADP
ajfa-9359	326	44	the	the	DET
ajfa-9359	326	45	firms	firm	NOUN
ajfa-9359	326	46	’	’	PART
ajfa-9359	326	47	funds	fund	NOUN
ajfa-9359	326	48	is	be	AUX
ajfa-9359	326	49	provided	provide	VERB
ajfa-9359	326	50	by	by	ADP
ajfa-9359	326	51	borrowing	borrowing	NOUN
ajfa-9359	326	52	and	and	CCONJ
ajfa-9359	326	53	the	the	DET
ajfa-9359	326	54	other	other	ADJ
ajfa-9359	326	55	75.4	75.4	NUM
ajfa-9359	326	56	%	%	NOUN
ajfa-9359	326	57	is	be	AUX
ajfa-9359	326	58	provided	provide	VERB
ajfa-9359	326	59	by	by	ADP
ajfa-9359	326	60	other	other	ADJ
ajfa-9359	326	61	financing	financing	NOUN
ajfa-9359	326	62	sources	source	NOUN
ajfa-9359	326	63	.	.	PUNCT
ajfa-9359	327	1	also	also	ADV
ajfa-9359	327	2	,	,	PUNCT
ajfa-9359	327	3	the	the	DET
ajfa-9359	327	4	results	result	NOUN
ajfa-9359	327	5	of	of	ADP
ajfa-9359	327	6	the	the	DET
ajfa-9359	327	7	correlation	correlation	NOUN
ajfa-9359	327	8	matrix	matrix	NOUN
ajfa-9359	327	9	that	that	PRON
ajfa-9359	327	10	are	be	AUX
ajfa-9359	327	11	illustrated	illustrate	VERB
ajfa-9359	327	12	in	in	ADP
ajfa-9359	327	13	table	table	NOUN
ajfa-9359	327	14	4.5	4.5	NUM
ajfa-9359	327	15	show	show	VERB
ajfa-9359	327	16	the	the	DET
ajfa-9359	327	17	linear	linear	ADJ
ajfa-9359	327	18	correlations	correlation	NOUN
ajfa-9359	327	19	between	between	ADP
ajfa-9359	327	20	the	the	DET
ajfa-9359	327	21	chosen	choose	VERB
ajfa-9359	327	22	explanatory	explanatory	ADJ
ajfa-9359	327	23	variables	variable	NOUN
ajfa-9359	327	24	and	and	CCONJ
ajfa-9359	327	25	leverage	leverage	NOUN
ajfa-9359	327	26	are	be	AUX
ajfa-9359	327	27	significant	significant	ADJ
ajfa-9359	327	28	.	.	PUNCT
ajfa-9359	328	1	furthermore	furthermore	ADV
ajfa-9359	328	2	,	,	PUNCT
ajfa-9359	328	3	the	the	DET
ajfa-9359	328	4	regression	regression	NOUN
ajfa-9359	328	5	results	result	NOUN
ajfa-9359	328	6	shown	show	VERB
ajfa-9359	328	7	in	in	ADP
ajfa-9359	328	8	table	table	NOUN
ajfa-9359	328	9	4.6	4.6	NUM
ajfa-9359	328	10	for	for	ADP
ajfa-9359	328	11	the	the	DET
ajfa-9359	328	12	leverage	leverage	NOUN
ajfa-9359	328	13	determinants	determinant	NOUN
ajfa-9359	328	14	show	show	VERB
ajfa-9359	328	15	that	that	SCONJ
ajfa-9359	328	16	the	the	DET
ajfa-9359	328	17	r	r	NOUN
ajfa-9359	328	18	squared	square	VERB
ajfa-9359	328	19	is	be	AUX
ajfa-9359	328	20	0.231	0.231	NUM
ajfa-9359	328	21	,	,	PUNCT
ajfa-9359	328	22	which	which	PRON
ajfa-9359	328	23	implies	imply	VERB
ajfa-9359	328	24	that	that	SCONJ
ajfa-9359	328	25	23.1	23.1	NUM
ajfa-9359	328	26	%	%	NOUN
ajfa-9359	328	27	of	of	ADP
ajfa-9359	328	28	the	the	DET
ajfa-9359	328	29	leverage	leverage	NOUN
ajfa-9359	328	30	variability	variability	NOUN
ajfa-9359	328	31	firms	firm	NOUN
ajfa-9359	328	32	is	be	AUX
ajfa-9359	328	33	explained	explain	VERB
ajfa-9359	328	34	by	by	ADP
ajfa-9359	328	35	the	the	DET
ajfa-9359	328	36	selected	select	VERB
ajfa-9359	328	37	firm	firm	ADJ
ajfa-9359	328	38	-	-	PUNCT
ajfa-9359	328	39	specific	specific	ADJ
ajfa-9359	328	40	factors	factor	NOUN
ajfa-9359	328	41	.	.	PUNCT
ajfa-9359	329	1	moreover	moreover	ADV
ajfa-9359	329	2	,	,	PUNCT
ajfa-9359	329	3	all	all	DET
ajfa-9359	329	4	the	the	DET
ajfa-9359	329	5	selected	select	VERB
ajfa-9359	329	6	explanatory	explanatory	ADJ
ajfa-9359	329	7	variables	variable	NOUN
ajfa-9359	329	8	,	,	PUNCT
ajfa-9359	329	9	are	be	AUX
ajfa-9359	329	10	found	find	VERB
ajfa-9359	329	11	to	to	PART
ajfa-9359	329	12	be	be	AUX
ajfa-9359	329	13	the	the	DET
ajfa-9359	329	14	significant	significant	ADJ
ajfa-9359	329	15	determinants	determinant	NOUN
ajfa-9359	329	16	of	of	ADP
ajfa-9359	329	17	the	the	DET
ajfa-9359	329	18	capital	capital	NOUN
ajfa-9359	329	19	structure	structure	NOUN
ajfa-9359	329	20	of	of	ADP
ajfa-9359	329	21	oil	oil	NOUN
ajfa-9359	329	22	and	and	CCONJ
ajfa-9359	329	23	gas	gas	NOUN
ajfa-9359	329	24	firms	firm	NOUN
ajfa-9359	329	25	.	.	PUNCT
ajfa-9359	330	1	conversely	conversely	ADV
ajfa-9359	330	2	,	,	PUNCT
ajfa-9359	330	3	it	it	PRON
ajfa-9359	330	4	is	be	AUX
ajfa-9359	330	5	found	find	VERB
ajfa-9359	330	6	that	that	SCONJ
ajfa-9359	330	7	profitability	profitability	NOUN
ajfa-9359	330	8	,	,	PUNCT
ajfa-9359	330	9	liquidity	liquidity	NOUN
ajfa-9359	330	10	,	,	PUNCT
ajfa-9359	330	11	and	and	CCONJ
ajfa-9359	330	12	non	non	ADJ
ajfa-9359	330	13	-	-	ADJ
ajfa-9359	330	14	debt	debt	ADJ
ajfa-9359	330	15	tax	tax	NOUN
ajfa-9359	330	16	shield	shield	NOUN
ajfa-9359	330	17	are	be	AUX
ajfa-9359	330	18	negatively	negatively	ADV
ajfa-9359	330	19	related	relate	VERB
ajfa-9359	330	20	to	to	ADP
ajfa-9359	330	21	leverage	leverage	NOUN
ajfa-9359	330	22	while	while	SCONJ
ajfa-9359	330	23	tangibility	tangibility	NOUN
ajfa-9359	330	24	,	,	PUNCT
ajfa-9359	330	25	growth	growth	NOUN
ajfa-9359	330	26	and	and	CCONJ
ajfa-9359	330	27	size	size	NOUN
ajfa-9359	330	28	are	be	AUX
ajfa-9359	330	29	positively	positively	ADV
ajfa-9359	330	30	related	relate	VERB
ajfa-9359	330	31	to	to	ADP
ajfa-9359	330	32	leverage	leverage	NOUN
ajfa-9359	330	33	.	.	PUNCT
ajfa-9359	331	1	as	as	ADP
ajfa-9359	331	2	a	a	DET
ajfa-9359	331	3	result	result	NOUN
ajfa-9359	331	4	,	,	PUNCT
ajfa-9359	331	5	by	by	ADP
ajfa-9359	331	6	testing	test	VERB
ajfa-9359	331	7	the	the	DET
ajfa-9359	331	8	hypotheses	hypothesis	NOUN
ajfa-9359	331	9	,	,	PUNCT
ajfa-9359	331	10	it	it	PRON
ajfa-9359	331	11	can	can	AUX
ajfa-9359	331	12	be	be	AUX
ajfa-9359	331	13	said	say	VERB
ajfa-9359	331	14	that	that	SCONJ
ajfa-9359	331	15	the	the	DET
ajfa-9359	331	16	regression	regression	NOUN
ajfa-9359	331	17	results	result	NOUN
ajfa-9359	331	18	of	of	ADP
ajfa-9359	331	19	the	the	DET
ajfa-9359	331	20	coefficients	coefficient	NOUN
ajfa-9359	331	21	of	of	ADP
ajfa-9359	331	22	capital	capital	NOUN
ajfa-9359	331	23	structure	structure	NOUN
ajfa-9359	331	24	determinants	determinant	NOUN
ajfa-9359	331	25	support	support	VERB
ajfa-9359	331	26	hypotheses	hypothesis	NOUN
ajfa-9359	331	27	1	1	NUM
ajfa-9359	331	28	,	,	PUNCT
ajfa-9359	331	29	2	2	NUM
ajfa-9359	331	30	,	,	PUNCT
ajfa-9359	331	31	4	4	NUM
ajfa-9359	331	32	,	,	PUNCT
ajfa-9359	331	33	5	5	NUM
ajfa-9359	331	34	,	,	PUNCT
ajfa-9359	331	35	and	and	CCONJ
ajfa-9359	331	36	6	6	NUM
ajfa-9359	331	37	,	,	PUNCT
ajfa-9359	331	38	whereas	whereas	SCONJ
ajfa-9359	331	39	hypotheses	hypothesis	NOUN
ajfa-9359	331	40	3	3	NUM
ajfa-9359	331	41	and	and	CCONJ
ajfa-9359	331	42	7	7	NUM
ajfa-9359	331	43	are	be	AUX
ajfa-9359	331	44	rejected	reject	VERB
ajfa-9359	331	45	.	.	PUNCT
ajfa-9359	332	1	additionally	additionally	ADV
ajfa-9359	332	2	,	,	PUNCT
ajfa-9359	332	3	this	this	DET
ajfa-9359	332	4	study	study	NOUN
ajfa-9359	332	5	covers	cover	VERB
ajfa-9359	332	6	the	the	DET
ajfa-9359	332	7	impact	impact	NOUN
ajfa-9359	332	8	of	of	ADP
ajfa-9359	332	9	the	the	DET
ajfa-9359	332	10	global	global	ADJ
ajfa-9359	332	11	financial	financial	ADJ
ajfa-9359	332	12	crisis	crisis	NOUN
ajfa-9359	332	13	in	in	ADP
ajfa-9359	332	14	the	the	DET
ajfa-9359	332	15	period	period	NOUN
ajfa-9359	332	16	of	of	ADP
ajfa-9359	332	17	2007	2007	NUM
ajfa-9359	332	18	-	-	SYM
ajfa-9359	332	19	2009	2009	NUM
ajfa-9359	332	20	on	on	ADP
ajfa-9359	332	21	the	the	DET
ajfa-9359	332	22	capital	capital	NOUN
ajfa-9359	332	23	structure	structure	NOUN
ajfa-9359	332	24	determinants	determinant	NOUN
ajfa-9359	332	25	of	of	ADP
ajfa-9359	332	26	oil	oil	NOUN
ajfa-9359	332	27	and	and	CCONJ
ajfa-9359	332	28	gas	gas	NOUN
ajfa-9359	332	29	firms	firm	NOUN
ajfa-9359	332	30	.	.	PUNCT
ajfa-9359	333	1	in	in	ADP
ajfa-9359	333	2	particular	particular	ADJ
ajfa-9359	333	3	,	,	PUNCT
ajfa-9359	333	4	this	this	DET
ajfa-9359	333	5	study	study	NOUN
ajfa-9359	333	6	asian	asian	ADJ
ajfa-9359	333	7	journal	journal	PROPN
ajfa-9359	333	8	of	of	ADP
ajfa-9359	333	9	finance	finance	PROPN
ajfa-9359	333	10	&	&	CCONJ
ajfa-9359	333	11	accounting	accounting	PROPN
ajfa-9359	333	12	issn	issn	PROPN
ajfa-9359	333	13	1946	1946	NUM
ajfa-9359	333	14	-	-	PUNCT
ajfa-9359	333	15	052x	052x	PROPN
ajfa-9359	333	16	2017	2017	NUM
ajfa-9359	333	17	,	,	PUNCT
ajfa-9359	333	18	vol	vol	NOUN
ajfa-9359	333	19	.	.	NOUN
ajfa-9359	334	1	9	9	NUM
ajfa-9359	334	2	,	,	PUNCT
ajfa-9359	334	3	no	no	INTJ
ajfa-9359	334	4	.	.	NOUN
ajfa-9359	334	5	1	1	NUM
ajfa-9359	334	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	334	7	20	20	NUM
ajfa-9359	334	8	investigates	investigate	VERB
ajfa-9359	334	9	how	how	SCONJ
ajfa-9359	334	10	much	much	ADJ
ajfa-9359	334	11	the	the	DET
ajfa-9359	334	12	capital	capital	NOUN
ajfa-9359	334	13	structure	structure	NOUN
ajfa-9359	334	14	is	be	AUX
ajfa-9359	334	15	sensitive	sensitive	ADJ
ajfa-9359	334	16	to	to	ADP
ajfa-9359	334	17	its	its	PRON
ajfa-9359	334	18	determinants	determinant	NOUN
ajfa-9359	334	19	,	,	PUNCT
ajfa-9359	334	20	how	how	SCONJ
ajfa-9359	334	21	it	it	PRON
ajfa-9359	334	22	is	be	AUX
ajfa-9359	334	23	changed	change	VERB
ajfa-9359	334	24	,	,	PUNCT
ajfa-9359	334	25	and	and	CCONJ
ajfa-9359	334	26	what	what	PRON
ajfa-9359	334	27	other	other	ADJ
ajfa-9359	334	28	ratios	ratio	NOUN
ajfa-9359	334	29	could	could	AUX
ajfa-9359	334	30	have	have	VERB
ajfa-9359	334	31	effects	effect	NOUN
ajfa-9359	334	32	on	on	ADP
ajfa-9359	334	33	the	the	DET
ajfa-9359	334	34	capital	capital	NOUN
ajfa-9359	334	35	structure	structure	NOUN
ajfa-9359	334	36	during	during	ADP
ajfa-9359	334	37	the	the	DET
ajfa-9359	334	38	crisis	crisis	NOUN
ajfa-9359	334	39	period	period	NOUN
ajfa-9359	334	40	.	.	PUNCT
ajfa-9359	335	1	the	the	DET
ajfa-9359	335	2	sample	sample	NOUN
ajfa-9359	335	3	period	period	NOUN
ajfa-9359	335	4	is	be	AUX
ajfa-9359	335	5	divided	divide	VERB
ajfa-9359	335	6	into	into	ADP
ajfa-9359	335	7	three	three	NUM
ajfa-9359	335	8	periods	period	NOUN
ajfa-9359	335	9	of	of	ADP
ajfa-9359	335	10	interest	interest	NOUN
ajfa-9359	335	11	:	:	PUNCT
ajfa-9359	335	12	one	one	NUM
ajfa-9359	335	13	is	be	AUX
ajfa-9359	335	14	from	from	ADP
ajfa-9359	335	15	2000	2000	NUM
ajfa-9359	335	16	to	to	ADP
ajfa-9359	335	17	2006	2006	NUM
ajfa-9359	335	18	,	,	PUNCT
ajfa-9359	335	19	identified	identify	VERB
ajfa-9359	335	20	as	as	ADP
ajfa-9359	335	21	the	the	DET
ajfa-9359	335	22	pre	pre	ADJ
ajfa-9359	335	23	-	-	ADJ
ajfa-9359	335	24	crisis	crisis	ADJ
ajfa-9359	335	25	period	period	NOUN
ajfa-9359	335	26	,	,	PUNCT
ajfa-9359	335	27	one	one	NUM
ajfa-9359	335	28	from	from	ADP
ajfa-9359	335	29	2007	2007	NUM
ajfa-9359	335	30	to	to	ADP
ajfa-9359	335	31	2009,identified	2009,identifie	VERB
ajfa-9359	335	32	as	as	ADP
ajfa-9359	335	33	the	the	DET
ajfa-9359	335	34	crisis	crisis	NOUN
ajfa-9359	335	35	period	period	NOUN
ajfa-9359	335	36	,	,	PUNCT
ajfa-9359	335	37	and	and	CCONJ
ajfa-9359	335	38	one	one	NUM
ajfa-9359	335	39	from	from	ADP
ajfa-9359	335	40	2010	2010	NUM
ajfa-9359	335	41	-	-	SYM
ajfa-9359	335	42	2015,identified	2015,identifie	VERB
ajfa-9359	335	43	as	as	ADP
ajfa-9359	335	44	the	the	DET
ajfa-9359	335	45	post	post	NOUN
ajfa-9359	335	46	-	-	NOUN
ajfa-9359	335	47	crisis	crisis	ADJ
ajfa-9359	335	48	period.it	period.it	NOUN
ajfa-9359	335	49	is	be	AUX
ajfa-9359	335	50	found	find	VERB
ajfa-9359	335	51	that	that	SCONJ
ajfa-9359	335	52	there	there	PRON
ajfa-9359	335	53	is	be	VERB
ajfa-9359	335	54	a	a	DET
ajfa-9359	335	55	strong	strong	ADJ
ajfa-9359	335	56	impact	impact	NOUN
ajfa-9359	335	57	of	of	ADP
ajfa-9359	335	58	the	the	DET
ajfa-9359	335	59	global	global	ADJ
ajfa-9359	335	60	financial	financial	ADJ
ajfa-9359	335	61	crisis	crisis	NOUN
ajfa-9359	335	62	in	in	ADP
ajfa-9359	335	63	the	the	DET
ajfa-9359	335	64	period	period	NOUN
ajfa-9359	335	65	of	of	ADP
ajfa-9359	335	66	2007	2007	NUM
ajfa-9359	335	67	-	-	SYM
ajfa-9359	335	68	2009	2009	NUM
ajfa-9359	335	69	on	on	ADP
ajfa-9359	335	70	all	all	DET
ajfa-9359	335	71	capital	capital	NOUN
ajfa-9359	335	72	structure	structure	NOUN
ajfa-9359	335	73	determinants	determinant	NOUN
ajfa-9359	335	74	of	of	ADP
ajfa-9359	335	75	oil	oil	NOUN
ajfa-9359	335	76	and	and	CCONJ
ajfa-9359	335	77	gas	gas	NOUN
ajfa-9359	335	78	firms	firm	NOUN
ajfa-9359	335	79	except	except	SCONJ
ajfa-9359	335	80	liquidity	liquidity	NOUN
ajfa-9359	335	81	,	,	PUNCT
ajfa-9359	335	82	where	where	SCONJ
ajfa-9359	335	83	it	it	PRON
ajfa-9359	335	84	is	be	AUX
ajfa-9359	335	85	found	find	VERB
ajfa-9359	335	86	that	that	SCONJ
ajfa-9359	335	87	there	there	PRON
ajfa-9359	335	88	is	be	VERB
ajfa-9359	335	89	no	no	DET
ajfa-9359	335	90	significant	significant	ADJ
ajfa-9359	335	91	impact	impact	NOUN
ajfa-9359	335	92	at	at	ADV
ajfa-9359	335	93	all	all	ADV
ajfa-9359	335	94	.	.	PUNCT
ajfa-9359	336	1	however	however	ADV
ajfa-9359	336	2	,	,	PUNCT
ajfa-9359	336	3	the	the	DET
ajfa-9359	336	4	other	other	ADJ
ajfa-9359	336	5	capital	capital	NOUN
ajfa-9359	336	6	structure	structure	NOUN
ajfa-9359	336	7	determinants	determinant	NOUN
ajfa-9359	336	8	become	become	VERB
ajfa-9359	336	9	more	more	ADV
ajfa-9359	336	10	or	or	CCONJ
ajfa-9359	336	11	less	less	ADV
ajfa-9359	336	12	significant	significant	ADJ
ajfa-9359	336	13	when	when	SCONJ
ajfa-9359	336	14	they	they	PRON
ajfa-9359	336	15	are	be	AUX
ajfa-9359	336	16	related	relate	VERB
ajfa-9359	336	17	to	to	ADP
ajfa-9359	336	18	leverage	leverage	NOUN
ajfa-9359	336	19	during	during	ADP
ajfa-9359	336	20	the	the	DET
ajfa-9359	336	21	crisis	crisis	NOUN
ajfa-9359	336	22	.	.	PUNCT
ajfa-9359	337	1	in	in	ADP
ajfa-9359	337	2	addition	addition	NOUN
ajfa-9359	337	3	,	,	PUNCT
ajfa-9359	337	4	this	this	DET
ajfa-9359	337	5	study	study	NOUN
ajfa-9359	337	6	examines	examine	VERB
ajfa-9359	337	7	the	the	DET
ajfa-9359	337	8	capital	capital	NOUN
ajfa-9359	337	9	structure	structure	NOUN
ajfa-9359	337	10	of	of	ADP
ajfa-9359	337	11	oil	oil	NOUN
ajfa-9359	337	12	and	and	CCONJ
ajfa-9359	337	13	gas	gas	NOUN
ajfa-9359	337	14	firms	firm	NOUN
ajfa-9359	337	15	in	in	ADP
ajfa-9359	337	16	terms	term	NOUN
ajfa-9359	337	17	of	of	ADP
ajfa-9359	337	18	the	the	DET
ajfa-9359	337	19	three	three	NUM
ajfa-9359	337	20	main	main	ADJ
ajfa-9359	337	21	theories	theory	NOUN
ajfa-9359	337	22	of	of	ADP
ajfa-9359	337	23	capital	capital	NOUN
ajfa-9359	337	24	structure	structure	NOUN
ajfa-9359	337	25	,	,	PUNCT
ajfa-9359	337	26	namely	namely	ADV
ajfa-9359	337	27	,	,	PUNCT
ajfa-9359	337	28	trade	trade	NOUN
ajfa-9359	337	29	-	-	PUNCT
ajfa-9359	337	30	off	off	ADP
ajfa-9359	337	31	theory	theory	NOUN
ajfa-9359	337	32	,	,	PUNCT
ajfa-9359	337	33	pecking	pecking	NOUN
ajfa-9359	337	34	order	order	NOUN
ajfa-9359	337	35	theory	theory	NOUN
ajfa-9359	337	36	,	,	PUNCT
ajfa-9359	337	37	and	and	CCONJ
ajfa-9359	337	38	agency	agency	NOUN
ajfa-9359	337	39	cost	cost	NOUN
ajfa-9359	337	40	theory	theory	NOUN
ajfa-9359	337	41	.	.	PUNCT
ajfa-9359	338	1	it	it	PRON
ajfa-9359	338	2	is	be	AUX
ajfa-9359	338	3	found	find	VERB
ajfa-9359	338	4	that	that	SCONJ
ajfa-9359	338	5	all	all	DET
ajfa-9359	338	6	the	the	DET
ajfa-9359	338	7	chosen	choose	VERB
ajfa-9359	338	8	determinant	determinant	ADJ
ajfa-9359	338	9	factors	factor	NOUN
ajfa-9359	338	10	,	,	PUNCT
ajfa-9359	338	11	except	except	SCONJ
ajfa-9359	338	12	size	size	NOUN
ajfa-9359	338	13	and	and	CCONJ
ajfa-9359	338	14	ndts	ndts	NOUN
ajfa-9359	338	15	,	,	PUNCT
ajfa-9359	338	16	of	of	ADP
ajfa-9359	338	17	capital	capital	NOUN
ajfa-9359	338	18	structure	structure	NOUN
ajfa-9359	338	19	decisions	decision	NOUN
ajfa-9359	338	20	made	make	VERB
ajfa-9359	338	21	by	by	ADP
ajfa-9359	338	22	the	the	DET
ajfa-9359	338	23	oil	oil	NOUN
ajfa-9359	338	24	and	and	CCONJ
ajfa-9359	338	25	gas	gas	NOUN
ajfa-9359	338	26	firms	firm	NOUN
ajfa-9359	338	27	are	be	AUX
ajfa-9359	338	28	in	in	ADP
ajfa-9359	338	29	line	line	NOUN
ajfa-9359	338	30	with	with	ADP
ajfa-9359	338	31	the	the	DET
ajfa-9359	338	32	pecking	pecking	NOUN
ajfa-9359	338	33	order	order	NOUN
ajfa-9359	338	34	theory	theory	NOUN
ajfa-9359	338	35	.	.	PUNCT
ajfa-9359	339	1	on	on	ADP
ajfa-9359	339	2	the	the	DET
ajfa-9359	339	3	other	other	ADJ
ajfa-9359	339	4	hand	hand	NOUN
ajfa-9359	339	5	,	,	PUNCT
ajfa-9359	339	6	the	the	DET
ajfa-9359	339	7	positive	positive	ADJ
ajfa-9359	339	8	effect	effect	NOUN
ajfa-9359	339	9	of	of	ADP
ajfa-9359	339	10	size	size	NOUN
ajfa-9359	339	11	on	on	ADP
ajfa-9359	339	12	capital	capital	NOUN
ajfa-9359	339	13	structure	structure	NOUN
ajfa-9359	339	14	decision	decision	NOUN
ajfa-9359	339	15	is	be	AUX
ajfa-9359	339	16	found	find	VERB
ajfa-9359	339	17	to	to	PART
ajfa-9359	339	18	be	be	AUX
ajfa-9359	339	19	in	in	ADP
ajfa-9359	339	20	accordance	accordance	NOUN
ajfa-9359	339	21	with	with	ADP
ajfa-9359	339	22	both	both	CCONJ
ajfa-9359	339	23	the	the	DET
ajfa-9359	339	24	trade	trade	NOUN
ajfa-9359	339	25	-	-	PUNCT
ajfa-9359	339	26	off	off	ADP
ajfa-9359	339	27	theory	theory	NOUN
ajfa-9359	339	28	and	and	CCONJ
ajfa-9359	339	29	agency	agency	NOUN
ajfa-9359	339	30	cost	cost	NOUN
ajfa-9359	339	31	theory	theory	NOUN
ajfa-9359	339	32	,	,	PUNCT
ajfa-9359	339	33	and	and	CCONJ
ajfa-9359	339	34	the	the	DET
ajfa-9359	339	35	sign	sign	NOUN
ajfa-9359	339	36	of	of	ADP
ajfa-9359	339	37	ndts	ndts	NOUN
ajfa-9359	339	38	is	be	AUX
ajfa-9359	339	39	found	find	VERB
ajfa-9359	339	40	to	to	PART
ajfa-9359	339	41	be	be	AUX
ajfa-9359	339	42	consistent	consistent	ADJ
ajfa-9359	339	43	with	with	ADP
ajfa-9359	339	44	trade	trade	NOUN
ajfa-9359	339	45	-	-	PUNCT
ajfa-9359	339	46	off	off	ADP
ajfa-9359	339	47	theory	theory	NOUN
ajfa-9359	339	48	predictions	prediction	NOUN
ajfa-9359	339	49	.	.	PUNCT
ajfa-9359	340	1	references	reference	NOUN
ajfa-9359	340	2	abdwahab	abdwahab	PROPN
ajfa-9359	340	3	s.	s.	PROPN
ajfa-9359	340	4	,	,	PUNCT
ajfa-9359	340	5	&	&	CCONJ
ajfa-9359	340	6	ramli	ramli	PROPN
ajfa-9359	340	7	n.	n.	PROPN
ajfa-9359	340	8	(	(	PUNCT
ajfa-9359	340	9	2014	2014	NUM
ajfa-9359	340	10	)	)	PUNCT
ajfa-9359	340	11	.	.	PUNCT
ajfa-9359	341	1	the	the	DET
ajfa-9359	341	2	determinants	determinant	NOUN
ajfa-9359	341	3	of	of	ADP
ajfa-9359	341	4	capital	capital	NOUN
ajfa-9359	341	5	structure	structure	NOUN
ajfa-9359	341	6	:	:	PUNCT
ajfa-9359	341	7	an	an	DET
ajfa-9359	341	8	empirical	empirical	ADJ
ajfa-9359	341	9	investigation	investigation	NOUN
ajfa-9359	341	10	of	of	ADP
ajfa-9359	341	11	malaysian	malaysian	ADJ
ajfa-9359	341	12	listed	list	VERB
ajfa-9359	341	13	government	government	NOUN
ajfa-9359	341	14	linked	link	VERB
ajfa-9359	341	15	companies	company	NOUN
ajfa-9359	341	16	.	.	PUNCT
ajfa-9359	342	1	international	international	ADJ
ajfa-9359	342	2	journal	journal	PROPN
ajfa-9359	342	3	of	of	ADP
ajfa-9359	342	4	economics	economic	NOUN
ajfa-9359	342	5	and	and	CCONJ
ajfa-9359	342	6	financial	financial	ADJ
ajfa-9359	342	7	issues	issue	NOUN
ajfa-9359	342	8	,	,	PUNCT
ajfa-9359	342	9	4(4	4(4	NUM
ajfa-9359	342	10	)	)	PUNCT
ajfa-9359	342	11	,	,	PUNCT
ajfa-9359	342	12	930	930	NUM
ajfa-9359	342	13	-	-	SYM
ajfa-9359	342	14	945	945	NUM
ajfa-9359	342	15	.	.	PUNCT
ajfa-9359	343	1	afrasiabishani	afrasiabishani	PROPN
ajfa-9359	343	2	j.	j.	PROPN
ajfa-9359	343	3	,	,	PUNCT
ajfa-9359	343	4	ahmadinia	ahmadinia	PROPN
ajfa-9359	343	5	h.	h.	PROPN
ajfa-9359	343	6	,	,	PUNCT
ajfa-9359	343	7	&	&	CCONJ
ajfa-9359	343	8	hesami	hesami	PROPN
ajfa-9359	343	9	e.	e.	PROPN
ajfa-9359	343	10	(	(	PUNCT
ajfa-9359	343	11	2012	2012	NUM
ajfa-9359	343	12	)	)	PUNCT
ajfa-9359	343	13	.	.	PUNCT
ajfa-9359	344	1	a	a	DET
ajfa-9359	344	2	comprehensive	comprehensive	ADJ
ajfa-9359	344	3	review	review	NOUN
ajfa-9359	344	4	on	on	ADP
ajfa-9359	344	5	capital	capital	NOUN
ajfa-9359	344	6	structure	structure	NOUN
ajfa-9359	344	7	theories	theory	NOUN
ajfa-9359	344	8	.	.	PUNCT
ajfa-9359	345	1	school	school	NOUN
ajfa-9359	345	2	of	of	ADP
ajfa-9359	345	3	doctoral	doctoral	ADJ
ajfa-9359	345	4	studies	study	NOUN
ajfa-9359	345	5	(	(	PUNCT
ajfa-9359	345	6	european	european	PROPN
ajfa-9359	345	7	union	union	PROPN
ajfa-9359	345	8	)	)	PUNCT
ajfa-9359	345	9	journal	journal	NOUN
ajfa-9359	345	10	,	,	PUNCT
ajfa-9359	345	11	35	35	NUM
ajfa-9359	345	12	-	-	SYM
ajfa-9359	345	13	45	45	NUM
ajfa-9359	345	14	.	.	PUNCT
ajfa-9359	346	1	ang	ang	PROPN
ajfa-9359	346	2	,	,	PUNCT
ajfa-9359	346	3	j.s	j.s	PROPN
ajfa-9359	346	4	.	.	PROPN
ajfa-9359	346	5	,	,	PUNCT
ajfa-9359	346	6	chua	chua	PROPN
ajfa-9359	346	7	,	,	PUNCT
ajfa-9359	346	8	j.h	j.h	PROPN
ajfa-9359	346	9	.	.	PROPN
ajfa-9359	346	10	,	,	PUNCT
ajfa-9359	346	11	&	&	CCONJ
ajfa-9359	346	12	mcconnell	mcconnell	PROPN
ajfa-9359	346	13	,	,	PUNCT
ajfa-9359	346	14	j.j	j.j	PROPN
ajfa-9359	346	15	.	.	PROPN
ajfa-9359	346	16	(	(	PUNCT
ajfa-9359	346	17	1982	1982	NUM
ajfa-9359	346	18	)	)	PUNCT
ajfa-9359	346	19	.	.	PUNCT
ajfa-9359	347	1	the	the	DET
ajfa-9359	347	2	administrative	administrative	ADJ
ajfa-9359	347	3	costs	cost	NOUN
ajfa-9359	347	4	of	of	ADP
ajfa-9359	347	5	corporate	corporate	ADJ
ajfa-9359	347	6	bankruptcy	bankruptcy	NOUN
ajfa-9359	347	7	:	:	PUNCT
ajfa-9359	347	8	a	a	DET
ajfa-9359	347	9	note	note	NOUN
ajfa-9359	347	10	.	.	PUNCT
ajfa-9359	348	1	journal	journal	NOUN
ajfa-9359	348	2	of	of	ADP
ajfa-9359	348	3	finance	finance	NOUN
ajfa-9359	348	4	,	,	PUNCT
ajfa-9359	348	5	37	37	NUM
ajfa-9359	348	6	,	,	PUNCT
ajfa-9359	348	7	219	219	NUM
ajfa-9359	348	8	-	-	SYM
ajfa-9359	348	9	226	226	NUM
ajfa-9359	348	10	.	.	PUNCT
ajfa-9359	349	1	https://doi.org/10.1111/j.1540-6261.1982.tb01104.x	https://doi.org/10.1111/j.1540-6261.1982.tb01104.x	PROPN
ajfa-9359	349	2	baily	baily	PROPN
ajfa-9359	349	3	,	,	PUNCT
ajfa-9359	349	4	m.n	m.n	PROPN
ajfa-9359	349	5	.	.	PROPN
ajfa-9359	349	6	,	,	PUNCT
ajfa-9359	349	7	and	and	CCONJ
ajfa-9359	349	8	elliott	elliott	PROPN
ajfa-9359	349	9	,	,	PUNCT
ajfa-9359	349	10	d.j	d.j	PROPN
ajfa-9359	349	11	.	.	PROPN
ajfa-9359	349	12	(	(	PUNCT
ajfa-9359	349	13	2009	2009	NUM
ajfa-9359	349	14	)	)	PUNCT
ajfa-9359	349	15	.	.	PUNCT
ajfa-9359	350	1	the	the	DET
ajfa-9359	350	2	us	us	PROPN
ajfa-9359	350	3	financial	financial	ADJ
ajfa-9359	350	4	and	and	CCONJ
ajfa-9359	350	5	economic	economic	ADJ
ajfa-9359	350	6	crisis	crisis	NOUN
ajfa-9359	350	7	:	:	PUNCT
ajfa-9359	350	8	where	where	SCONJ
ajfa-9359	350	9	does	do	AUX
ajfa-9359	350	10	it	it	PRON
ajfa-9359	350	11	stand	stand	VERB
ajfa-9359	350	12	and	and	CCONJ
ajfa-9359	350	13	where	where	SCONJ
ajfa-9359	350	14	do	do	AUX
ajfa-9359	350	15	we	we	PRON
ajfa-9359	350	16	go	go	VERB
ajfa-9359	350	17	from	from	ADP
ajfa-9359	350	18	here?business	here?business	PROPN
ajfa-9359	350	19	and	and	CCONJ
ajfa-9359	350	20	public	public	ADJ
ajfa-9359	350	21	policy	policy	NOUN
ajfa-9359	350	22	,	,	PUNCT
ajfa-9359	350	23	pp	pp	CCONJ
ajfa-9359	350	24	:	:	PUNCT
ajfa-9359	350	25	1	1	NUM
ajfa-9359	350	26	-	-	SYM
ajfa-9359	350	27	26	26	NUM
ajfa-9359	350	28	.	.	PUNCT
ajfa-9359	351	1	baker	baker	PROPN
ajfa-9359	351	2	h.k	h.k	PROPN
ajfa-9359	351	3	.	.	PROPN
ajfa-9359	351	4	,	,	PUNCT
ajfa-9359	351	5	&	&	CCONJ
ajfa-9359	351	6	martin	martin	PROPN
ajfa-9359	351	7	g.s	g.s	PROPN
ajfa-9359	351	8	.	.	PROPN
ajfa-9359	351	9	,	,	PUNCT
ajfa-9359	351	10	(	(	PUNCT
ajfa-9359	351	11	2011	2011	NUM
ajfa-9359	351	12	)	)	PUNCT
ajfa-9359	351	13	.	.	PUNCT
ajfa-9359	352	1	capital	capital	NOUN
ajfa-9359	352	2	structure	structure	NOUN
ajfa-9359	352	3	and	and	CCONJ
ajfa-9359	352	4	corporate	corporate	ADJ
ajfa-9359	352	5	financing	financing	NOUN
ajfa-9359	352	6	decisions	decision	NOUN
ajfa-9359	352	7	:	:	PUNCT
ajfa-9359	353	1	theory	theory	NOUN
ajfa-9359	353	2	,	,	PUNCT
ajfa-9359	353	3	evidence	evidence	NOUN
ajfa-9359	353	4	and	and	CCONJ
ajfa-9359	353	5	practice	practice	NOUN
ajfa-9359	353	6	.	.	PUNCT
ajfa-9359	354	1	john	john	PROPN
ajfa-9359	354	2	wiley	wiley	PROPN
ajfa-9359	354	3	and	and	CCONJ
ajfa-9359	354	4	sons	son	NOUN
ajfa-9359	354	5	.	.	PUNCT
ajfa-9359	355	1	hoboken	hoboken	PROPN
ajfa-9359	355	2	,	,	PUNCT
ajfa-9359	355	3	new	new	PROPN
ajfa-9359	355	4	jersey	jersey	PROPN
ajfa-9359	355	5	.	.	PUNCT
ajfa-9359	356	1	https://doi.org/10.1002/9781118266250	https://doi.org/10.1002/9781118266250	PROPN
ajfa-9359	357	1	bancel	bancel	PROPN
ajfa-9359	357	2	f.	f.	PROPN
ajfa-9359	357	3	,	,	PUNCT
ajfa-9359	357	4	&	&	CCONJ
ajfa-9359	357	5	mittoo	mittoo	PROPN
ajfa-9359	357	6	u.r	u.r	PROPN
ajfa-9359	357	7	.	.	PROPN
ajfa-9359	357	8	,	,	PUNCT
ajfa-9359	357	9	(	(	PUNCT
ajfa-9359	357	10	2011	2011	NUM
ajfa-9359	357	11	)	)	PUNCT
ajfa-9359	357	12	.	.	PUNCT
ajfa-9359	358	1	“	"	PUNCT
ajfa-9359	358	2	survey	survey	VERB
ajfa-9359	358	3	evidence	evidence	NOUN
ajfa-9359	358	4	on	on	ADP
ajfa-9359	358	5	financing	financing	NOUN
ajfa-9359	358	6	decisions	decision	NOUN
ajfa-9359	358	7	and	and	CCONJ
ajfa-9359	358	8	cost	cost	NOUN
ajfa-9359	358	9	of	of	ADP
ajfa-9359	358	10	capital	capital	NOUN
ajfa-9359	358	11	”	"	PUNCT
ajfa-9359	358	12	in	in	ADP
ajfa-9359	358	13	kent	kent	PROPN
ajfa-9359	358	14	baker	baker	PROPN
ajfa-9359	358	15	m.	m.	PROPN
ajfa-9359	358	16	,	,	PUNCT
ajfa-9359	358	17	maria	maria	PROPN
ajfa-9359	358	18	,	,	PUNCT
ajfa-9359	358	19	s.	s.	PROPN
ajfa-9359	358	20	(	(	PUNCT
ajfa-9359	358	21	ed	ed	NOUN
ajfa-9359	358	22	.	.	PUNCT
ajfa-9359	358	23	)	)	PUNCT
ajfa-9359	358	24	,	,	PUNCT
ajfa-9359	358	25	capital	capital	NOUN
ajfa-9359	358	26	structure	structure	NOUN
ajfa-9359	358	27	and	and	CCONJ
ajfa-9359	358	28	corporate	corporate	ADJ
ajfa-9359	358	29	financing	financing	NOUN
ajfa-9359	358	30	decisions	decision	NOUN
ajfa-9359	358	31	:	:	PUNCT
ajfa-9359	358	32	theory	theory	NOUN
ajfa-9359	358	33	,	,	PUNCT
ajfa-9359	358	34	evidence	evidence	NOUN
ajfa-9359	358	35	,	,	PUNCT
ajfa-9359	358	36	and	and	CCONJ
ajfa-9359	358	37	practice	practice	NOUN
ajfa-9359	358	38	,	,	PUNCT
ajfa-9359	358	39	chapter	chapter	NOUN
ajfa-9359	358	40	13	13	NUM
ajfa-9359	358	41	,	,	PUNCT
ajfa-9359	358	42	john	john	PROPN
ajfa-9359	358	43	wiley	wiley	PROPN
ajfa-9359	358	44	and	and	CCONJ
ajfa-9359	358	45	sons	sons	PROPN
ajfa-9359	358	46	inc	inc	PROPN
ajfa-9359	358	47	.	.	PROPN
ajfa-9359	358	48	,	,	PUNCT
ajfa-9359	358	49	229	229	NUM
ajfa-9359	358	50	-	-	SYM
ajfa-9359	358	51	248	248	NUM
ajfa-9359	358	52	.	.	PUNCT
ajfa-9359	359	1	https://doi.org/10.1002/9781118266250.ch13	https://doi.org/10.1002/9781118266250.ch13	NOUN
ajfa-9359	359	2	barrell	barrell	PROPN
ajfa-9359	359	3	r.	r.	PROPN
ajfa-9359	359	4	,	,	PUNCT
ajfa-9359	359	5	&	&	CCONJ
ajfa-9359	359	6	davis	davis	PROPN
ajfa-9359	359	7	p.	p.	PROPN
ajfa-9359	359	8	e.	e.	PROPN
ajfa-9359	359	9	(	(	PUNCT
ajfa-9359	359	10	2008	2008	NUM
ajfa-9359	359	11	)	)	PUNCT
ajfa-9359	360	1	.the	.the	PRON
ajfa-9359	361	1	evolution	evolution	NOUN
ajfa-9359	361	2	of	of	ADP
ajfa-9359	361	3	the	the	DET
ajfa-9359	361	4	financial	financial	ADJ
ajfa-9359	361	5	crisis	crisis	NOUN
ajfa-9359	361	6	of	of	ADP
ajfa-9359	361	7	2007	2007	NUM
ajfa-9359	361	8	-	-	SYM
ajfa-9359	361	9	8	8	NUM
ajfa-9359	361	10	’	'	PUNCT
ajfa-9359	361	11	.	.	PUNCT
ajfa-9359	362	1	national	national	PROPN
ajfa-9359	362	2	institute	institute	PROPN
ajfa-9359	362	3	economic	economic	PROPN
ajfa-9359	362	4	review	review	PROPN
ajfa-9359	362	5	,	,	PUNCT
ajfa-9359	362	6	206(5	206(5	NUM
ajfa-9359	362	7	)	)	PUNCT
ajfa-9359	362	8	,	,	PUNCT
ajfa-9359	362	9	5	5	NUM
ajfa-9359	362	10	-	-	SYM
ajfa-9359	362	11	14	14	NUM
ajfa-9359	362	12	.	.	PUNCT
ajfa-9359	363	1	https://doi.org/10.1177/0027950108099838	https://doi.org/10.1177/0027950108099838	NOUN
ajfa-9359	363	2	asian	asian	ADJ
ajfa-9359	363	3	journal	journal	NOUN
ajfa-9359	363	4	of	of	ADP
ajfa-9359	363	5	finance	finance	PROPN
ajfa-9359	363	6	&	&	CCONJ
ajfa-9359	363	7	accounting	accounting	PROPN
ajfa-9359	363	8	issn	issn	PROPN
ajfa-9359	363	9	1946	1946	NUM
ajfa-9359	363	10	-	-	PUNCT
ajfa-9359	363	11	052x	052x	PROPN
ajfa-9359	363	12	2017	2017	NUM
ajfa-9359	363	13	,	,	PUNCT
ajfa-9359	363	14	vol	vol	NOUN
ajfa-9359	363	15	.	.	NOUN
ajfa-9359	363	16	9	9	NUM
ajfa-9359	363	17	,	,	PUNCT
ajfa-9359	363	18	no	no	INTJ
ajfa-9359	363	19	.	.	NOUN
ajfa-9359	363	20	1	1	NUM
ajfa-9359	363	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	363	22	21	21	NUM
ajfa-9359	363	23	beck	beck	NOUN
ajfa-9359	363	24	t.	t.	PROPN
ajfa-9359	363	25	,	,	PUNCT
ajfa-9359	363	26	&	&	CCONJ
ajfa-9359	363	27	demirguc	demirguc	PROPN
ajfa-9359	363	28	-	-	PUNCT
ajfa-9359	363	29	kunt	kunt	PROPN
ajfa-9359	363	30	a.	a.	PROPN
ajfa-9359	363	31	(	(	PUNCT
ajfa-9359	363	32	2006	2006	NUM
ajfa-9359	363	33	)	)	PUNCT
ajfa-9359	363	34	.	.	PUNCT
ajfa-9359	364	1	small	small	ADJ
ajfa-9359	364	2	and	and	CCONJ
ajfa-9359	364	3	medium	medium	ADJ
ajfa-9359	364	4	-	-	PUNCT
ajfa-9359	364	5	size	size	NOUN
ajfa-9359	364	6	enterprises	enterprise	NOUN
ajfa-9359	364	7	:	:	PUNCT
ajfa-9359	364	8	access	access	NOUN
ajfa-9359	364	9	to	to	ADP
ajfa-9359	364	10	finance	finance	NOUN
ajfa-9359	364	11	as	as	ADP
ajfa-9359	364	12	a	a	DET
ajfa-9359	364	13	growth	growth	NOUN
ajfa-9359	364	14	constraint	constraint	NOUN
ajfa-9359	364	15	.	.	PUNCT
ajfa-9359	365	1	journal	journal	NOUN
ajfa-9359	365	2	of	of	ADP
ajfa-9359	365	3	banking	banking	NOUN
ajfa-9359	365	4	and	and	CCONJ
ajfa-9359	365	5	finance	finance	NOUN
ajfa-9359	365	6	,	,	PUNCT
ajfa-9359	365	7	30	30	NUM
ajfa-9359	365	8	,	,	PUNCT
ajfa-9359	365	9	2931–2943	2931–2943	NUM
ajfa-9359	365	10	.	.	PUNCT
ajfa-9359	366	1	https://doi.org/10.1016/j.jbankfin.2006.05.009	https://doi.org/10.1016/j.jbankfin.2006.05.009	PROPN
ajfa-9359	366	2	bennett	bennett	PROPN
ajfa-9359	366	3	,	,	PUNCT
ajfa-9359	366	4	m.	m.	NOUN
ajfa-9359	366	5	,	,	PUNCT
ajfa-9359	366	6	&	&	CCONJ
ajfa-9359	366	7	donnelly	donnelly	PROPN
ajfa-9359	366	8	r.	r.	PROPN
ajfa-9359	366	9	(	(	PUNCT
ajfa-9359	366	10	1993	1993	NUM
ajfa-9359	366	11	)	)	PUNCT
ajfa-9359	366	12	.	.	PUNCT
ajfa-9359	367	1	the	the	DET
ajfa-9359	367	2	determinants	determinant	NOUN
ajfa-9359	367	3	of	of	ADP
ajfa-9359	367	4	capital	capital	NOUN
ajfa-9359	367	5	structure	structure	NOUN
ajfa-9359	367	6	:	:	PUNCT
ajfa-9359	367	7	some	some	DET
ajfa-9359	367	8	uk	uk	PROPN
ajfa-9359	367	9	evidence	evidence	NOUN
ajfa-9359	367	10	,	,	PUNCT
ajfa-9359	367	11	british	british	ADJ
ajfa-9359	367	12	accounting	accounting	PROPN
ajfa-9359	367	13	review	review	PROPN
ajfa-9359	367	14	,	,	PUNCT
ajfa-9359	367	15	25	25	NUM
ajfa-9359	367	16	,	,	PUNCT
ajfa-9359	367	17	43	43	NUM
ajfa-9359	367	18	-	-	SYM
ajfa-9359	367	19	59	59	NUM
ajfa-9359	367	20	.	.	PUNCT
ajfa-9359	368	1	https://doi.org/10.1006/bare.1993.1005	https://doi.org/10.1006/bare.1993.1005	PROPN
ajfa-9359	368	2	bevan	bevan	PROPN
ajfa-9359	368	3	,	,	PUNCT
ajfa-9359	368	4	a.a	a.a	PROPN
ajfa-9359	368	5	.	.	PROPN
ajfa-9359	368	6	,	,	PUNCT
ajfa-9359	368	7	&	&	CCONJ
ajfa-9359	368	8	danbolt	danbolt	PROPN
ajfa-9359	368	9	,	,	PUNCT
ajfa-9359	368	10	j.	j.	PROPN
ajfa-9359	368	11	(	(	PUNCT
ajfa-9359	368	12	2002	2002	NUM
ajfa-9359	368	13	)	)	PUNCT
ajfa-9359	368	14	.	.	PUNCT
ajfa-9359	369	1	capital	capital	NOUN
ajfa-9359	369	2	structure	structure	NOUN
ajfa-9359	369	3	and	and	CCONJ
ajfa-9359	369	4	its	its	PRON
ajfa-9359	369	5	determinants	determinant	NOUN
ajfa-9359	369	6	in	in	ADP
ajfa-9359	369	7	the	the	DET
ajfa-9359	369	8	united	united	ADJ
ajfa-9359	369	9	kingdom	kingdom	PROPN
ajfa-9359	369	10	–	–	PUNCT
ajfa-9359	369	11	a	a	DET
ajfa-9359	369	12	decompositional	decompositional	ADJ
ajfa-9359	369	13	analysis	analysis	NOUN
ajfa-9359	369	14	.	.	PUNCT
ajfa-9359	370	1	applied	apply	VERB
ajfa-9359	370	2	financial	financial	ADJ
ajfa-9359	370	3	economics	economic	NOUN
ajfa-9359	370	4	,	,	PUNCT
ajfa-9359	370	5	12(3	12(3	NUM
ajfa-9359	370	6	)	)	PUNCT
ajfa-9359	370	7	,	,	PUNCT
ajfa-9359	370	8	159	159	NUM
ajfa-9359	370	9	-	-	SYM
ajfa-9359	370	10	170	170	NUM
ajfa-9359	370	11	.	.	PUNCT
ajfa-9359	371	1	https://doi.org/10.1080/09603100110090073	https://doi.org/10.1080/09603100110090073	PROPN
ajfa-9359	371	2	bevan	bevan	PROPN
ajfa-9359	371	3	,	,	PUNCT
ajfa-9359	371	4	a.a	a.a	PROPN
ajfa-9359	371	5	.	.	PROPN
ajfa-9359	371	6	,	,	PUNCT
ajfa-9359	371	7	&	&	CCONJ
ajfa-9359	371	8	danbolt	danbolt	PROPN
ajfa-9359	371	9	,	,	PUNCT
ajfa-9359	371	10	j.	j.	PROPN
ajfa-9359	371	11	(	(	PUNCT
ajfa-9359	371	12	2004	2004	NUM
ajfa-9359	371	13	)	)	PUNCT
ajfa-9359	371	14	.	.	PUNCT
ajfa-9359	372	1	testing	test	VERB
ajfa-9359	372	2	for	for	ADP
ajfa-9359	372	3	inconsistencies	inconsistency	NOUN
ajfa-9359	372	4	in	in	ADP
ajfa-9359	372	5	the	the	DET
ajfa-9359	372	6	estimation	estimation	NOUN
ajfa-9359	372	7	of	of	ADP
ajfa-9359	372	8	uk	uk	PROPN
ajfa-9359	372	9	capital	capital	NOUN
ajfa-9359	372	10	structure	structure	NOUN
ajfa-9359	372	11	determinants	determinant	NOUN
ajfa-9359	372	12	.	.	PUNCT
ajfa-9359	373	1	applied	apply	VERB
ajfa-9359	373	2	financial	financial	ADJ
ajfa-9359	373	3	economics	economic	NOUN
ajfa-9359	373	4	,	,	PUNCT
ajfa-9359	373	5	14(1	14(1	NUM
ajfa-9359	373	6	)	)	PUNCT
ajfa-9359	373	7	,	,	PUNCT
ajfa-9359	373	8	55	55	NUM
ajfa-9359	373	9	-	-	SYM
ajfa-9359	373	10	66	66	NUM
ajfa-9359	373	11	.	.	PUNCT
ajfa-9359	374	1	https://doi.org/10.1080/0960310042000164220	https://doi.org/10.1080/0960310042000164220	VERB
ajfa-9359	374	2	bradley	bradley	PROPN
ajfa-9359	374	3	m.	m.	PROPN
ajfa-9359	374	4	,	,	PUNCT
ajfa-9359	374	5	jarrell	jarrell	PROPN
ajfa-9359	374	6	g.a	g.a	PROPN
ajfa-9359	374	7	,	,	PUNCT
ajfa-9359	374	8	&	&	CCONJ
ajfa-9359	374	9	han	han	PROPN
ajfa-9359	374	10	kim	kim	PROPN
ajfa-9359	374	11	e.	e.	PROPN
ajfa-9359	374	12	(	(	PUNCT
ajfa-9359	374	13	1984	1984	NUM
ajfa-9359	374	14	)	)	PUNCT
ajfa-9359	374	15	.	.	PUNCT
ajfa-9359	375	1	on	on	ADP
ajfa-9359	375	2	the	the	DET
ajfa-9359	375	3	existence	existence	NOUN
ajfa-9359	375	4	of	of	ADP
ajfa-9359	375	5	an	an	DET
ajfa-9359	375	6	optimal	optimal	ADJ
ajfa-9359	375	7	capital	capital	NOUN
ajfa-9359	375	8	structure	structure	NOUN
ajfa-9359	375	9	:	:	PUNCT
ajfa-9359	375	10	theory	theory	NOUN
ajfa-9359	375	11	and	and	CCONJ
ajfa-9359	375	12	evidence	evidence	NOUN
ajfa-9359	375	13	,	,	PUNCT
ajfa-9359	375	14	journal	journal	NOUN
ajfa-9359	375	15	of	of	ADP
ajfa-9359	375	16	finance	finance	NOUN
ajfa-9359	375	17	,	,	PUNCT
ajfa-9359	375	18	39(3	39(3	NUM
ajfa-9359	375	19	)	)	PUNCT
ajfa-9359	375	20	,	,	PUNCT
ajfa-9359	375	21	857	857	NUM
ajfa-9359	375	22	-	-	SYM
ajfa-9359	375	23	878	878	NUM
ajfa-9359	375	24	.	.	PUNCT
ajfa-9359	375	25	brealey	brealey	PROPN
ajfa-9359	375	26	,	,	PUNCT
ajfa-9359	375	27	r.	r.	PROPN
ajfa-9359	375	28	&	&	CCONJ
ajfa-9359	375	29	myers	myers	PROPN
ajfa-9359	375	30	,	,	PUNCT
ajfa-9359	375	31	c.	c.	PROPN
ajfa-9359	375	32	(	(	PUNCT
ajfa-9359	375	33	1991	1991	NUM
ajfa-9359	375	34	)	)	PUNCT
ajfa-9359	375	35	.	.	PUNCT
ajfa-9359	376	1	principles	principle	NOUN
ajfa-9359	376	2	of	of	ADP
ajfa-9359	376	3	corporate	corporate	ADJ
ajfa-9359	376	4	finance	finance	NOUN
ajfa-9359	376	5	.	.	PUNCT
ajfa-9359	377	1	4th	4th	ADJ
ajfa-9359	377	2	ed	ed	NOUN
ajfa-9359	377	3	.	.	PUNCT
ajfa-9359	378	1	new	new	PROPN
ajfa-9359	378	2	york	york	PROPN
ajfa-9359	378	3	:	:	PUNCT
ajfa-9359	378	4	mcgraw	mcgraw	PROPN
ajfa-9359	378	5	-	-	PUNCT
ajfa-9359	378	6	hill	hill	PROPN
ajfa-9359	378	7	.	.	PUNCT
ajfa-9359	379	1	brealey	brealey	PROPN
ajfa-9359	379	2	r.a	r.a	PROPN
ajfa-9359	379	3	.	.	PROPN
ajfa-9359	379	4	,	,	PUNCT
ajfa-9359	379	5	myers	myers	PROPN
ajfa-9359	379	6	s.c	s.c	PROPN
ajfa-9359	379	7	.	.	PROPN
ajfa-9359	379	8	,	,	PUNCT
ajfa-9359	379	9	and	and	CCONJ
ajfa-9359	379	10	allen	allen	PROPN
ajfa-9359	379	11	f.	f.	PROPN
ajfa-9359	379	12	(	(	PUNCT
ajfa-9359	379	13	2006	2006	NUM
ajfa-9359	379	14	)	)	PUNCT
ajfa-9359	379	15	.	.	PUNCT
ajfa-9359	380	1	principles	principle	NOUN
ajfa-9359	380	2	of	of	ADP
ajfa-9359	380	3	corporate	corporate	ADJ
ajfa-9359	380	4	finance	finance	NOUN
ajfa-9359	380	5	.	.	PUNCT
ajfa-9359	381	1	8th	8th	ADJ
ajfa-9359	381	2	edition	edition	NOUN
ajfa-9359	381	3	,	,	PUNCT
ajfa-9359	381	4	new	new	PROPN
ajfa-9359	381	5	york	york	PROPN
ajfa-9359	381	6	:	:	PUNCT
ajfa-9359	381	7	mcgraw	mcgraw	PROPN
ajfa-9359	381	8	hill	hill	PROPN
ajfa-9359	381	9	.	.	PUNCT
ajfa-9359	382	1	chirinko	chirinko	PROPN
ajfa-9359	382	2	r.s	r.s	PROPN
ajfa-9359	382	3	.	.	PROPN
ajfa-9359	382	4	,	,	PUNCT
ajfa-9359	382	5	&	&	CCONJ
ajfa-9359	382	6	singha	singha	PROPN
ajfa-9359	382	7	a.r	a.r	PROPN
ajfa-9359	382	8	.	.	PROPN
ajfa-9359	382	9	(	(	PUNCT
ajfa-9359	382	10	2000	2000	NUM
ajfa-9359	382	11	)	)	PUNCT
ajfa-9359	382	12	.	.	PUNCT
ajfa-9359	383	1	testing	test	VERB
ajfa-9359	383	2	static	static	ADJ
ajfa-9359	383	3	tradeoff	tradeoff	NOUN
ajfa-9359	383	4	against	against	ADP
ajfa-9359	383	5	pecking	pecking	NOUN
ajfa-9359	383	6	order	order	NOUN
ajfa-9359	383	7	models	model	NOUN
ajfa-9359	383	8	of	of	ADP
ajfa-9359	383	9	capital	capital	NOUN
ajfa-9359	383	10	structure	structure	NOUN
ajfa-9359	383	11	:	:	PUNCT
ajfa-9359	383	12	a	a	DET
ajfa-9359	383	13	critical	critical	ADJ
ajfa-9359	383	14	comment	comment	NOUN
ajfa-9359	383	15	.	.	PUNCT
ajfa-9359	384	1	journal	journal	NOUN
ajfa-9359	384	2	of	of	ADP
ajfa-9359	384	3	financial	financial	ADJ
ajfa-9359	384	4	economic	economic	ADJ
ajfa-9359	384	5	,	,	PUNCT
ajfa-9359	384	6	58	58	NUM
ajfa-9359	384	7	,	,	PUNCT
ajfa-9359	384	8	417	417	NUM
ajfa-9359	384	9	-	-	SYM
ajfa-9359	384	10	425	425	NUM
ajfa-9359	384	11	.	.	PUNCT
ajfa-9359	385	1	https://doi.org/10.1016/s0304-405x(00)00078-7	https://doi.org/10.1016/s0304-405x(00)00078-7	NUM
ajfa-9359	385	2	chung	chung	PROPN
ajfa-9359	385	3	,	,	PUNCT
ajfa-9359	385	4	k.	k.	PROPN
ajfa-9359	385	5	h.	h.	PROPN
ajfa-9359	385	6	(	(	PUNCT
ajfa-9359	385	7	1993	1993	NUM
ajfa-9359	385	8	)	)	PUNCT
ajfa-9359	385	9	.	.	PUNCT
ajfa-9359	386	1	asset	asset	NOUN
ajfa-9359	386	2	characteristics	characteristic	NOUN
ajfa-9359	386	3	and	and	CCONJ
ajfa-9359	386	4	corporate	corporate	ADJ
ajfa-9359	386	5	debt	debt	NOUN
ajfa-9359	386	6	policy	policy	NOUN
ajfa-9359	386	7	:	:	PUNCT
ajfa-9359	386	8	an	an	DET
ajfa-9359	386	9	empirical	empirical	ADJ
ajfa-9359	386	10	investigation	investigation	NOUN
ajfa-9359	386	11	.	.	PUNCT
ajfa-9359	387	1	ournalof	ournalof	ADJ
ajfa-9359	387	2	business	business	NOUN
ajfa-9359	387	3	finance	finance	NOUN
ajfa-9359	387	4	and	and	CCONJ
ajfa-9359	387	5	accounting	accounting	NOUN
ajfa-9359	387	6	,	,	PUNCT
ajfa-9359	387	7	20(1	20(1	NUM
ajfa-9359	387	8	)	)	PUNCT
ajfa-9359	387	9	,	,	PUNCT
ajfa-9359	387	10	83–98	83–98	NUM
ajfa-9359	387	11	.	.	PUNCT
ajfa-9359	388	1	https://doi.org/10.1111/j.1468-5957.1993.tb00251.x	https://doi.org/10.1111/j.1468-5957.1993.tb00251.x	NOUN
ajfa-9359	388	2	dalbor	dalbor	PROPN
ajfa-9359	388	3	a.u	a.u	PROPN
ajfa-9359	388	4	.	.	PROPN
ajfa-9359	388	5	(	(	PUNCT
ajfa-9359	388	6	2001	2001	NUM
ajfa-9359	388	7	)	)	PUNCT
ajfa-9359	388	8	.	.	PUNCT
ajfa-9359	389	1	an	an	DET
ajfa-9359	389	2	examination	examination	NOUN
ajfa-9359	389	3	of	of	ADP
ajfa-9359	389	4	capital	capital	NOUN
ajfa-9359	389	5	structure	structure	NOUN
ajfa-9359	389	6	in	in	ADP
ajfa-9359	389	7	the	the	DET
ajfa-9359	389	8	restaurant	restaurant	NOUN
ajfa-9359	389	9	industry	industry	NOUN
ajfa-9359	389	10	.	.	PUNCT
ajfa-9359	390	1	international	international	ADJ
ajfa-9359	390	2	journal	journal	PROPN
ajfa-9359	390	3	of	of	ADP
ajfa-9359	390	4	contemporary	contemporary	PROPN
ajfa-9359	390	5	hospitality	hospitality	PROPN
ajfa-9359	390	6	management	management	NOUN
ajfa-9359	390	7	,	,	PUNCT
ajfa-9359	390	8	13(2	13(2	PROPN
ajfa-9359	390	9	)	)	PUNCT
ajfa-9359	390	10	,	,	PUNCT
ajfa-9359	390	11	54	54	NUM
ajfa-9359	390	12	-	-	SYM
ajfa-9359	390	13	59	59	NUM
ajfa-9359	390	14	.	.	PUNCT
ajfa-9359	391	1	https://doi.org/10.1108/09596110110381825	https://doi.org/10.1108/09596110110381825	PROPN
ajfa-9359	391	2	deangelo	deangelo	PROPN
ajfa-9359	391	3	h.	h.	PROPN
ajfa-9359	391	4	and	and	CCONJ
ajfa-9359	391	5	masulis	masuli	VERB
ajfa-9359	391	6	r.w	r.w	PROPN
ajfa-9359	391	7	.	.	PROPN
ajfa-9359	391	8	(	(	PUNCT
ajfa-9359	391	9	1980	1980	NUM
ajfa-9359	391	10	)	)	PUNCT
ajfa-9359	391	11	.	.	PUNCT
ajfa-9359	392	1	optimal	optimal	ADJ
ajfa-9359	392	2	capital	capital	NOUN
ajfa-9359	392	3	structure	structure	NOUN
ajfa-9359	392	4	under	under	ADP
ajfa-9359	392	5	corporate	corporate	ADJ
ajfa-9359	392	6	and	and	CCONJ
ajfa-9359	392	7	personal	personal	ADJ
ajfa-9359	392	8	taxation	taxation	NOUN
ajfa-9359	392	9	.	.	PUNCT
ajfa-9359	393	1	journal	journal	NOUN
ajfa-9359	393	2	of	of	ADP
ajfa-9359	393	3	financial	financial	ADJ
ajfa-9359	393	4	economics	economic	NOUN
ajfa-9359	393	5	,	,	PUNCT
ajfa-9359	393	6	8(1	8(1	NOUN
ajfa-9359	393	7	)	)	PUNCT
ajfa-9359	393	8	,	,	PUNCT
ajfa-9359	393	9	3	3	NUM
ajfa-9359	393	10	-	-	SYM
ajfa-9359	393	11	29	29	NUM
ajfa-9359	393	12	.	.	PUNCT
ajfa-9359	394	1	https://doi.org/10.1016/0304-405x(80)90019-7	https://doi.org/10.1016/0304-405x(80)90019-7	PROPN
ajfa-9359	394	2	deesomsak	deesomsak	PROPN
ajfa-9359	394	3	,	,	PUNCT
ajfa-9359	394	4	r.	r.	PROPN
ajfa-9359	394	5	,	,	PUNCT
ajfa-9359	394	6	paudyal	paudyal	NOUN
ajfa-9359	394	7	,	,	PUNCT
ajfa-9359	394	8	k.	k.	PROPN
ajfa-9359	394	9	and	and	CCONJ
ajfa-9359	394	10	pescetto	pescetto	PROPN
ajfa-9359	394	11	,	,	PUNCT
ajfa-9359	394	12	g.	g.	PROPN
ajfa-9359	394	13	(	(	PUNCT
ajfa-9359	394	14	2004	2004	NUM
ajfa-9359	394	15	)	)	PUNCT
ajfa-9359	394	16	.	.	PUNCT
ajfa-9359	395	1	the	the	DET
ajfa-9359	395	2	determinants	determinant	NOUN
ajfa-9359	395	3	of	of	ADP
ajfa-9359	395	4	capital	capital	NOUN
ajfa-9359	395	5	structure	structure	NOUN
ajfa-9359	395	6	:	:	PUNCT
ajfa-9359	395	7	evidence	evidence	NOUN
ajfa-9359	395	8	from	from	ADP
ajfa-9359	395	9	the	the	DET
ajfa-9359	395	10	asia	asia	PROPN
ajfa-9359	395	11	pacific	pacific	PROPN
ajfa-9359	395	12	region	region	PROPN
ajfa-9359	395	13	.	.	PUNCT
ajfa-9359	396	1	journal	journal	PROPN
ajfa-9359	396	2	of	of	ADP
ajfa-9359	396	3	multinational	multinational	ADJ
ajfa-9359	396	4	financial	financial	ADJ
ajfa-9359	396	5	management	management	NOUN
ajfa-9359	396	6	.	.	PUNCT
ajfa-9359	397	1	14	14	NUM
ajfa-9359	397	2	(	(	PUNCT
ajfa-9359	397	3	4	4	NUM
ajfa-9359	397	4	-	-	SYM
ajfa-9359	397	5	5	5	NUM
ajfa-9359	397	6	)	)	PUNCT
ajfa-9359	397	7	.	.	PUNCT
ajfa-9359	398	1	pp	pp	ADV
ajfa-9359	398	2	.	.	PUNCT
ajfa-9359	399	1	387	387	NUM
ajfa-9359	399	2	-	-	SYM
ajfa-9359	399	3	405	405	NUM
ajfa-9359	399	4	.	.	PUNCT
ajfa-9359	400	1	https://doi.org/10.1016/j.mulfin.2004.03.001	https://doi.org/10.1016/j.mulfin.2004.03.001	NOUN
ajfa-9359	400	2	deloof	deloof	NOUN
ajfa-9359	400	3	m.	m.	NOUN
ajfa-9359	400	4	,	,	PUNCT
ajfa-9359	400	5	&	&	CCONJ
ajfa-9359	400	6	verschueren	verschueren	PROPN
ajfa-9359	400	7	i.	i.	PROPN
ajfa-9359	400	8	(	(	PUNCT
ajfa-9359	400	9	1998	1998	NUM
ajfa-9359	400	10	)	)	PUNCT
ajfa-9359	400	11	.	.	PUNCT
ajfa-9359	401	1	the	the	DET
ajfa-9359	401	2	determinants	determinant	NOUN
ajfa-9359	401	3	of	of	ADP
ajfa-9359	401	4	capital	capital	NOUN
ajfa-9359	401	5	structure	structure	NOUN
ajfa-9359	401	6	of	of	ADP
ajfa-9359	401	7	enterprises	enterprise	NOUN
ajfa-9359	401	8	in	in	ADP
ajfa-9359	401	9	belgium	belgium	PROPN
ajfa-9359	401	10	.	.	PUNCT
ajfa-9359	401	11	journal	journal	PROPN
ajfa-9359	401	12	of	of	ADP
ajfa-9359	401	13	economics	economic	NOUN
ajfa-9359	401	14	and	and	CCONJ
ajfa-9359	401	15	management	management	NOUN
ajfa-9359	401	16	,	,	PUNCT
ajfa-9359	401	17	42(2	42(2	NOUN
ajfa-9359	401	18	)	)	PUNCT
ajfa-9359	401	19	,	,	PUNCT
ajfa-9359	401	20	165	165	NUM
ajfa-9359	401	21	-	-	SYM
ajfa-9359	401	22	188	188	NUM
ajfa-9359	401	23	.	.	PUNCT
ajfa-9359	402	1	fama	fama	PROPN
ajfa-9359	402	2	,	,	PUNCT
ajfa-9359	402	3	e.	e.	PROPN
ajfa-9359	402	4	,	,	PUNCT
ajfa-9359	402	5	&	&	CCONJ
ajfa-9359	402	6	french	french	PROPN
ajfa-9359	402	7	,	,	PUNCT
ajfa-9359	402	8	k.	k.	PROPN
ajfa-9359	402	9	(	(	PUNCT
ajfa-9359	402	10	2002	2002	NUM
ajfa-9359	402	11	)	)	PUNCT
ajfa-9359	402	12	.	.	PUNCT
ajfa-9359	403	1	testing	test	VERB
ajfa-9359	403	2	trade	trade	NOUN
ajfa-9359	403	3	-	-	PUNCT
ajfa-9359	403	4	off	off	NOUN
ajfa-9359	403	5	and	and	CCONJ
ajfa-9359	403	6	pecking	pecking	NOUN
ajfa-9359	403	7	order	order	NOUN
ajfa-9359	403	8	predictions	prediction	NOUN
ajfa-9359	403	9	about	about	ADP
ajfa-9359	403	10	dividends	dividend	NOUN
ajfa-9359	403	11	and	and	CCONJ
ajfa-9359	403	12	debt	debt	NOUN
ajfa-9359	403	13	.	.	PUNCT
ajfa-9359	404	1	the	the	DET
ajfa-9359	404	2	review	review	NOUN
ajfa-9359	404	3	of	of	ADP
ajfa-9359	404	4	financial	financial	ADJ
ajfa-9359	404	5	studies	study	NOUN
ajfa-9359	404	6	,	,	PUNCT
ajfa-9359	404	7	15(1	15(1	NUM
ajfa-9359	404	8	)	)	PUNCT
ajfa-9359	404	9	,	,	PUNCT
ajfa-9359	404	10	1	1	NUM
ajfa-9359	404	11	-	-	SYM
ajfa-9359	404	12	33	33	NUM
ajfa-9359	404	13	.	.	PUNCT
ajfa-9359	405	1	https://doi.org/10.1093/rfs/15.1.1	https://doi.org/10.1093/rfs/15.1.1	PROPN
ajfa-9359	405	2	asian	asian	PROPN
ajfa-9359	405	3	journal	journal	PROPN
ajfa-9359	405	4	of	of	ADP
ajfa-9359	405	5	finance	finance	PROPN
ajfa-9359	405	6	&	&	CCONJ
ajfa-9359	405	7	accounting	accounting	PROPN
ajfa-9359	405	8	issn	issn	PROPN
ajfa-9359	405	9	1946	1946	NUM
ajfa-9359	405	10	-	-	PUNCT
ajfa-9359	405	11	052x	052x	PROPN
ajfa-9359	405	12	2017	2017	NUM
ajfa-9359	405	13	,	,	PUNCT
ajfa-9359	405	14	vol	vol	NOUN
ajfa-9359	405	15	.	.	NOUN
ajfa-9359	405	16	9	9	NUM
ajfa-9359	405	17	,	,	PUNCT
ajfa-9359	405	18	no	no	INTJ
ajfa-9359	405	19	.	.	NOUN
ajfa-9359	405	20	1	1	NUM
ajfa-9359	405	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	405	22	22	22	NUM
ajfa-9359	405	23	frank	frank	ADJ
ajfa-9359	405	24	m.	m.	NOUN
ajfa-9359	405	25	,	,	PUNCT
ajfa-9359	405	26	&	&	CCONJ
ajfa-9359	405	27	goyal	goyal	PROPN
ajfa-9359	405	28	v.	v.	PROPN
ajfa-9359	405	29	(	(	PUNCT
ajfa-9359	405	30	2003	2003	NUM
ajfa-9359	405	31	)	)	PUNCT
ajfa-9359	405	32	.	.	PUNCT
ajfa-9359	406	1	testing	test	VERB
ajfa-9359	406	2	the	the	DET
ajfa-9359	406	3	pecking	pecking	NOUN
ajfa-9359	406	4	order	order	NOUN
ajfa-9359	406	5	theory	theory	NOUN
ajfa-9359	406	6	of	of	ADP
ajfa-9359	406	7	capital	capital	NOUN
ajfa-9359	406	8	structure	structure	NOUN
ajfa-9359	406	9	.	.	PUNCT
ajfa-9359	407	1	journal	journal	NOUN
ajfa-9359	407	2	of	of	ADP
ajfa-9359	407	3	financial	financial	ADJ
ajfa-9359	407	4	economics	economic	NOUN
ajfa-9359	407	5	,	,	PUNCT
ajfa-9359	407	6	67	67	NUM
ajfa-9359	407	7	,	,	PUNCT
ajfa-9359	407	8	217	217	NUM
ajfa-9359	407	9	-	-	SYM
ajfa-9359	407	10	248	248	NUM
ajfa-9359	407	11	.	.	PUNCT
ajfa-9359	408	1	https://doi.org/10.1016/s0304-405x(02)00252-0	https://doi.org/10.1016/s0304-405x(02)00252-0	PROPN
ajfa-9359	408	2	frank	frank	PROPN
ajfa-9359	408	3	m.	m.	PROPN
ajfa-9359	408	4	,	,	PUNCT
ajfa-9359	408	5	&	&	CCONJ
ajfa-9359	408	6	goyal	goyal	PROPN
ajfa-9359	408	7	v.	v.	PROPN
ajfa-9359	408	8	(	(	PUNCT
ajfa-9359	408	9	2009	2009	NUM
ajfa-9359	408	10	)	)	PUNCT
ajfa-9359	408	11	.	.	PUNCT
ajfa-9359	409	1	capital	capital	NOUN
ajfa-9359	409	2	structure	structure	NOUN
ajfa-9359	409	3	decisions	decision	NOUN
ajfa-9359	409	4	:	:	PUNCT
ajfa-9359	409	5	which	which	DET
ajfa-9359	409	6	factors	factor	NOUN
ajfa-9359	409	7	are	be	AUX
ajfa-9359	409	8	reliably	reliably	ADV
ajfa-9359	409	9	important	important	ADJ
ajfa-9359	409	10	?	?	PUNCT
ajfa-9359	410	1	financial	financial	ADJ
ajfa-9359	410	2	management	management	NOUN
ajfa-9359	410	3	,	,	PUNCT
ajfa-9359	410	4	38	38	NUM
ajfa-9359	410	5	,	,	PUNCT
ajfa-9359	410	6	1	1	NUM
ajfa-9359	410	7	-	-	SYM
ajfa-9359	410	8	37	37	NUM
ajfa-9359	410	9	.	.	PUNCT
ajfa-9359	411	1	https://doi.org/10.1111/j.1755-053x.2009.01026.x	https://doi.org/10.1111/j.1755-053x.2009.01026.x	PROPN
ajfa-9359	411	2	gaud	gaud	PROPN
ajfa-9359	411	3	,	,	PUNCT
ajfa-9359	411	4	p.	p.	PROPN
ajfa-9359	411	5	,	,	PUNCT
ajfa-9359	411	6	jani	jani	PROPN
ajfa-9359	411	7	,	,	PUNCT
ajfa-9359	411	8	e.	e.	PROPN
ajfa-9359	411	9	,	,	PUNCT
ajfa-9359	411	10	hoesli	hoesli	NOUN
ajfa-9359	411	11	,	,	PUNCT
ajfa-9359	411	12	m.	m.	NOUN
ajfa-9359	411	13	,	,	PUNCT
ajfa-9359	411	14	&	&	CCONJ
ajfa-9359	411	15	bender	bender	PROPN
ajfa-9359	411	16	.	.	PUNCT
ajfa-9359	412	1	(	(	PUNCT
ajfa-9359	412	2	2005	2005	NUM
ajfa-9359	412	3	)	)	PUNCT
ajfa-9359	412	4	.	.	PUNCT
ajfa-9359	413	1	the	the	DET
ajfa-9359	413	2	capital	capital	NOUN
ajfa-9359	413	3	structure	structure	NOUN
ajfa-9359	413	4	of	of	ADP
ajfa-9359	413	5	swiss	swiss	ADJ
ajfa-9359	413	6	companies	company	NOUN
ajfa-9359	413	7	:	:	PUNCT
ajfa-9359	413	8	an	an	DET
ajfa-9359	413	9	empirical	empirical	ADJ
ajfa-9359	413	10	analysis	analysis	NOUN
ajfa-9359	413	11	using	use	VERB
ajfa-9359	413	12	dynamic	dynamic	ADJ
ajfa-9359	413	13	panel	panel	NOUN
ajfa-9359	413	14	data	datum	NOUN
ajfa-9359	413	15	.	.	PUNCT
ajfa-9359	414	1	european	european	ADJ
ajfa-9359	414	2	financial	financial	ADJ
ajfa-9359	414	3	management	management	NOUN
ajfa-9359	414	4	,	,	PUNCT
ajfa-9359	414	5	11	11	NUM
ajfa-9359	414	6	,	,	PUNCT
ajfa-9359	414	7	51	51	NUM
ajfa-9359	414	8	-	-	SYM
ajfa-9359	414	9	69	69	NUM
ajfa-9359	414	10	.	.	PUNCT
ajfa-9359	415	1	https://doi.org/10.1111/j.1354-7798.2005.00275.x	https://doi.org/10.1111/j.1354-7798.2005.00275.x	PROPN
ajfa-9359	415	2	handoo	handoo	PROPN
ajfa-9359	415	3	a.	a.	PROPN
ajfa-9359	415	4	,	,	PUNCT
ajfa-9359	415	5	&	&	CCONJ
ajfa-9359	415	6	sharma	sharma	PROPN
ajfa-9359	415	7	k.	k.	PROPN
ajfa-9359	415	8	(	(	PUNCT
ajfa-9359	415	9	2014	2014	NUM
ajfa-9359	415	10	)	)	PUNCT
ajfa-9359	415	11	.	.	PUNCT
ajfa-9359	416	1	a	a	DET
ajfa-9359	416	2	study	study	NOUN
ajfa-9359	416	3	on	on	ADP
ajfa-9359	416	4	determinants	determinant	NOUN
ajfa-9359	416	5	of	of	ADP
ajfa-9359	416	6	capital	capital	NOUN
ajfa-9359	416	7	structure	structure	NOUN
ajfa-9359	416	8	in	in	ADP
ajfa-9359	416	9	india	india	PROPN
ajfa-9359	416	10	.	.	PUNCT
ajfa-9359	417	1	iimp	iimp	PROPN
ajfa-9359	417	2	management	management	PROPN
ajfa-9359	417	3	review	review	PROPN
ajfa-9359	417	4	,	,	PUNCT
ajfa-9359	417	5	26	26	NUM
ajfa-9359	417	6	,	,	PUNCT
ajfa-9359	417	7	170	170	NUM
ajfa-9359	417	8	-	-	SYM
ajfa-9359	417	9	182	182	NUM
ajfa-9359	417	10	.	.	PUNCT
ajfa-9359	418	1	https://doi.org/10.1016/j.iimb.2014.07.009	https://doi.org/10.1016/j.iimb.2014.07.009	PROPN
ajfa-9359	418	2	harris	harris	PROPN
ajfa-9359	418	3	m.	m.	PROPN
ajfa-9359	418	4	,	,	PUNCT
ajfa-9359	418	5	&	&	CCONJ
ajfa-9359	418	6	raviv	raviv	PROPN
ajfa-9359	418	7	a.	a.	PROPN
ajfa-9359	418	8	(	(	PUNCT
ajfa-9359	418	9	1991	1991	NUM
ajfa-9359	418	10	)	)	PUNCT
ajfa-9359	418	11	.	.	PUNCT
ajfa-9359	419	1	the	the	DET
ajfa-9359	419	2	theory	theory	NOUN
ajfa-9359	419	3	of	of	ADP
ajfa-9359	419	4	capital	capital	NOUN
ajfa-9359	419	5	structure	structure	NOUN
ajfa-9359	419	6	.	.	PUNCT
ajfa-9359	420	1	the	the	DET
ajfa-9359	420	2	journal	journal	PROPN
ajfa-9359	420	3	of	of	ADP
ajfa-9359	420	4	finance	finance	NOUN
ajfa-9359	420	5	,	,	PUNCT
ajfa-9359	420	6	46	46	NUM
ajfa-9359	420	7	,	,	PUNCT
ajfa-9359	420	8	297	297	NUM
ajfa-9359	420	9	-	-	SYM
ajfa-9359	420	10	355	355	NUM
ajfa-9359	420	11	.	.	PUNCT
ajfa-9359	421	1	https://doi.org/10.1111/j.1540-6261.1991.tb03753.x	https://doi.org/10.1111/j.1540-6261.1991.tb03753.x	PROPN
ajfa-9359	421	2	huang	huang	PROPN
ajfa-9359	421	3	,	,	PUNCT
ajfa-9359	421	4	g.	g.	PROPN
ajfa-9359	421	5	,	,	PUNCT
ajfa-9359	421	6	&	&	CCONJ
ajfa-9359	421	7	song	song	PROPN
ajfa-9359	421	8	,	,	PUNCT
ajfa-9359	421	9	f.	f.	PROPN
ajfa-9359	421	10	(	(	PUNCT
ajfa-9359	421	11	2006	2006	NUM
ajfa-9359	421	12	)	)	PUNCT
ajfa-9359	421	13	.	.	PUNCT
ajfa-9359	422	1	the	the	DET
ajfa-9359	422	2	determinants	determinant	NOUN
ajfa-9359	422	3	of	of	ADP
ajfa-9359	422	4	capital	capital	NOUN
ajfa-9359	422	5	structure	structure	NOUN
ajfa-9359	422	6	:	:	PUNCT
ajfa-9359	422	7	evidence	evidence	NOUN
ajfa-9359	422	8	from	from	ADP
ajfa-9359	422	9	china	china	PROPN
ajfa-9359	422	10	.	.	PUNCT
ajfa-9359	423	1	china	china	PROPN
ajfa-9359	423	2	economic	economic	PROPN
ajfa-9359	423	3	review	review	PROPN
ajfa-9359	423	4	,	,	PUNCT
ajfa-9359	423	5	17(1	17(1	NUM
ajfa-9359	423	6	)	)	PUNCT
ajfa-9359	423	7	,	,	PUNCT
ajfa-9359	423	8	14	14	NUM
ajfa-9359	423	9	-	-	SYM
ajfa-9359	423	10	36	36	NUM
ajfa-9359	423	11	.	.	PUNCT
ajfa-9359	424	1	https://doi.org/10.1016/j.chieco.2005.02.007	https://doi.org/10.1016/j.chieco.2005.02.007	PROPN
ajfa-9359	424	2	jensen	jensen	PROPN
ajfa-9359	424	3	,	,	PUNCT
ajfa-9359	424	4	f.e	f.e	PROPN
ajfa-9359	424	5	.	.	PROPN
ajfa-9359	424	6	,	,	PUNCT
ajfa-9359	424	7	&	&	CCONJ
ajfa-9359	424	8	langemeier	langemeier	NOUN
ajfa-9359	424	9	,	,	PUNCT
ajfa-9359	424	10	n.	n.	NOUN
ajfa-9359	424	11	(	(	PUNCT
ajfa-9359	424	12	1966	1966	NUM
ajfa-9359	424	13	)	)	PUNCT
ajfa-9359	424	14	.	.	PUNCT
ajfa-9359	425	1	optimal	optimal	ADJ
ajfa-9359	425	2	leverage	leverage	NOUN
ajfa-9359	425	3	with	with	ADP
ajfa-9359	425	4	risk	risk	NOUN
ajfa-9359	425	5	aversion	aversion	NOUN
ajfa-9359	425	6	:	:	PUNCT
ajfa-9359	425	7	empirical	empirical	ADJ
ajfa-9359	425	8	evidence	evidence	NOUN
ajfa-9359	425	9	.	.	PUNCT
ajfa-9359	426	1	agricultural	agricultural	ADJ
ajfa-9359	426	2	finance	finance	NOUN
ajfa-9359	426	3	review	review	NOUN
ajfa-9359	426	4	,	,	PUNCT
ajfa-9359	426	5	55	55	NUM
ajfa-9359	426	6	,	,	PUNCT
ajfa-9359	426	7	85	85	NUM
ajfa-9359	426	8	-	-	SYM
ajfa-9359	426	9	97	97	NUM
ajfa-9359	426	10	.	.	PUNCT
ajfa-9359	427	1	https://doi.org/10.1016/0304-405x(76)90026-x	https://doi.org/10.1016/0304-405x(76)90026-x	PROPN
ajfa-9359	427	2	jensen	jensen	PROPN
ajfa-9359	427	3	,	,	PUNCT
ajfa-9359	427	4	m.	m.	NOUN
ajfa-9359	427	5	,	,	PUNCT
ajfa-9359	427	6	&	&	CCONJ
ajfa-9359	427	7	meckling	meckling	PROPN
ajfa-9359	427	8	,	,	PUNCT
ajfa-9359	427	9	w.	w.	NOUN
ajfa-9359	427	10	(	(	PUNCT
ajfa-9359	427	11	1976	1976	NUM
ajfa-9359	427	12	)	)	PUNCT
ajfa-9359	427	13	.	.	PUNCT
ajfa-9359	428	1	theory	theory	NOUN
ajfa-9359	428	2	of	of	ADP
ajfa-9359	428	3	the	the	DET
ajfa-9359	428	4	firm	firm	NOUN
ajfa-9359	428	5	:	:	PUNCT
ajfa-9359	428	6	managerial	managerial	ADJ
ajfa-9359	428	7	behaviour	behaviour	NOUN
ajfa-9359	428	8	,	,	PUNCT
ajfa-9359	428	9	agency	agency	NOUN
ajfa-9359	428	10	costs	cost	NOUN
ajfa-9359	428	11	and	and	CCONJ
ajfa-9359	428	12	ownership	ownership	NOUN
ajfa-9359	428	13	structure	structure	NOUN
ajfa-9359	428	14	.	.	PUNCT
ajfa-9359	429	1	journal	journal	NOUN
ajfa-9359	429	2	of	of	ADP
ajfa-9359	429	3	financial	financial	ADJ
ajfa-9359	429	4	economics	economic	NOUN
ajfa-9359	429	5	,	,	PUNCT
ajfa-9359	429	6	3	3	NUM
ajfa-9359	429	7	,	,	PUNCT
ajfa-9359	429	8	305	305	NUM
ajfa-9359	429	9	-	-	SYM
ajfa-9359	429	10	360	360	NUM
ajfa-9359	429	11	.	.	PUNCT
ajfa-9359	430	1	jimenez	jimenez	PROPN
ajfa-9359	430	2	g.	g.	PROPN
ajfa-9359	430	3	,	,	PUNCT
ajfa-9359	430	4	&	&	CCONJ
ajfa-9359	430	5	saurina	saurina	PROPN
ajfa-9359	430	6	j.	j.	PROPN
ajfa-9359	430	7	(	(	PUNCT
ajfa-9359	430	8	2004	2004	NUM
ajfa-9359	430	9	)	)	PUNCT
ajfa-9359	430	10	.	.	PUNCT
ajfa-9359	431	1	collateral	collateral	NOUN
ajfa-9359	431	2	,	,	PUNCT
ajfa-9359	431	3	type	type	NOUN
ajfa-9359	431	4	of	of	ADP
ajfa-9359	431	5	lender	lender	NOUN
ajfa-9359	431	6	and	and	CCONJ
ajfa-9359	431	7	relationship	relationship	NOUN
ajfa-9359	431	8	banking	banking	NOUN
ajfa-9359	431	9	as	as	ADP
ajfa-9359	431	10	determinants	determinant	NOUN
ajfa-9359	431	11	of	of	ADP
ajfa-9359	431	12	credit	credit	NOUN
ajfa-9359	431	13	risk	risk	NOUN
ajfa-9359	431	14	.	.	PUNCT
ajfa-9359	432	1	journal	journal	NOUN
ajfa-9359	432	2	of	of	ADP
ajfa-9359	432	3	banking	banking	NOUN
ajfa-9359	432	4	and	and	CCONJ
ajfa-9359	432	5	finance	finance	NOUN
ajfa-9359	432	6	,	,	PUNCT
ajfa-9359	432	7	28(9	28(9	NOUN
ajfa-9359	432	8	)	)	PUNCT
ajfa-9359	432	9	,	,	PUNCT
ajfa-9359	432	10	2191	2191	NUM
ajfa-9359	432	11	-	-	SYM
ajfa-9359	432	12	2212	2212	NUM
ajfa-9359	432	13	.	.	PUNCT
ajfa-9359	433	1	https://doi.org/10.1016/j.jbankfin.2003.09.002	https://doi.org/10.1016/j.jbankfin.2003.09.002	NOUN
ajfa-9359	433	2	joseph	joseph	PROPN
ajfa-9359	433	3	ooi	ooi	PROPN
ajfa-9359	433	4	.	.	PUNCT
ajfa-9359	433	5	(	(	PUNCT
ajfa-9359	433	6	1999	1999	NUM
ajfa-9359	433	7	)	)	PUNCT
ajfa-9359	433	8	.	.	PUNCT
ajfa-9359	434	1	the	the	DET
ajfa-9359	434	2	determinants	determinant	NOUN
ajfa-9359	434	3	of	of	ADP
ajfa-9359	434	4	capital	capital	NOUN
ajfa-9359	434	5	structure	structure	NOUN
ajfa-9359	434	6	evidences	evidence	NOUN
ajfa-9359	434	7	on	on	ADP
ajfa-9359	434	8	uk	uk	PROPN
ajfa-9359	434	9	property	property	NOUN
ajfa-9359	434	10	companies	company	NOUN
ajfa-9359	434	11	.	.	PUNCT
ajfa-9359	435	1	journal	journal	NOUN
ajfa-9359	435	2	of	of	ADP
ajfa-9359	435	3	property	property	NOUN
ajfa-9359	435	4	investment	investment	NOUN
ajfa-9359	435	5	&	&	CCONJ
ajfa-9359	435	6	finance	finance	NOUN
ajfa-9359	435	7	,	,	PUNCT
ajfa-9359	435	8	17(5	17(5	NUM
ajfa-9359	435	9	)	)	PUNCT
ajfa-9359	435	10	,	,	PUNCT
ajfa-9359	435	11	464	464	NUM
ajfa-9359	435	12	-	-	SYM
ajfa-9359	435	13	480	480	NUM
ajfa-9359	435	14	.	.	PUNCT
ajfa-9359	436	1	https://doi.org/10.1108/14635789910294886	https://doi.org/10.1108/14635789910294886	NOUN
ajfa-9359	436	2	khrawish	khrawish	PROPN
ajfa-9359	436	3	h.	h.	PROPN
ajfa-9359	436	4	,	,	PUNCT
ajfa-9359	436	5	&	&	CCONJ
ajfa-9359	436	6	khraiwesh	khraiwesh	PROPN
ajfa-9359	436	7	a.	a.	PROPN
ajfa-9359	436	8	(	(	PUNCT
ajfa-9359	436	9	2010	2010	NUM
ajfa-9359	436	10	)	)	PUNCT
ajfa-9359	436	11	.	.	PUNCT
ajfa-9359	437	1	the	the	DET
ajfa-9359	437	2	determinants	determinant	NOUN
ajfa-9359	437	3	of	of	ADP
ajfa-9359	437	4	the	the	DET
ajfa-9359	437	5	capital	capital	NOUN
ajfa-9359	437	6	structure	structure	NOUN
ajfa-9359	437	7	:	:	PUNCT
ajfa-9359	437	8	evidence	evidence	NOUN
ajfa-9359	437	9	from	from	ADP
ajfa-9359	437	10	jordanian	jordanian	ADJ
ajfa-9359	437	11	industrial	industrial	ADJ
ajfa-9359	437	12	companies	company	NOUN
ajfa-9359	437	13	.	.	PUNCT
ajfa-9359	438	1	jkau	jkau	ADV
ajfa-9359	438	2	:	:	PUNCT
ajfa-9359	438	3	economics	economic	NOUN
ajfa-9359	438	4	and	and	CCONJ
ajfa-9359	438	5	adminstration	adminstration	NOUN
ajfa-9359	438	6	,	,	PUNCT
ajfa-9359	438	7	24(1	24(1	NUM
ajfa-9359	438	8	)	)	PUNCT
ajfa-9359	438	9	,	,	PUNCT
ajfa-9359	438	10	173	173	NUM
ajfa-9359	438	11	-	-	SYM
ajfa-9359	438	12	196	196	NUM
ajfa-9359	438	13	.	.	PUNCT
ajfa-9359	439	1	https://doi.org/10.4197/eco.24-1.5	https://doi.org/10.4197/eco.24-1.5	NOUN
ajfa-9359	439	2	long	long	ADJ
ajfa-9359	439	3	,	,	PUNCT
ajfa-9359	439	4	m	m	PROPN
ajfa-9359	439	5	,	,	PUNCT
ajfa-9359	439	6	&	&	CCONJ
ajfa-9359	439	7	malitz	malitz	PROPN
ajfa-9359	439	8	,	,	PUNCT
ajfa-9359	439	9	i.	i.	PROPN
ajfa-9359	439	10	(	(	PUNCT
ajfa-9359	439	11	1985	1985	NUM
ajfa-9359	439	12	)	)	PUNCT
ajfa-9359	439	13	.	.	PUNCT
ajfa-9359	440	1	the	the	DET
ajfa-9359	440	2	investment	investment	NOUN
ajfa-9359	440	3	-	-	PUNCT
ajfa-9359	440	4	financing	financing	NOUN
ajfa-9359	440	5	nexus	nexus	NOUN
ajfa-9359	440	6	:	:	PUNCT
ajfa-9359	440	7	some	some	DET
ajfa-9359	440	8	empirical	empirical	ADJ
ajfa-9359	440	9	evidence	evidence	NOUN
ajfa-9359	440	10	.	.	PUNCT
ajfa-9359	441	1	midland	midland	PROPN
ajfa-9359	441	2	corporate	corporate	ADJ
ajfa-9359	441	3	finance	finance	NOUN
ajfa-9359	441	4	journal	journal	NOUN
ajfa-9359	441	5	,	,	PUNCT
ajfa-9359	441	6	3(3	3(3	NUM
ajfa-9359	441	7	)	)	PUNCT
ajfa-9359	441	8	,	,	PUNCT
ajfa-9359	441	9	53	53	NUM
ajfa-9359	441	10	-	-	SYM
ajfa-9359	441	11	59	59	NUM
ajfa-9359	441	12	.	.	PUNCT
ajfa-9359	442	1	michaelas	michaelas	PROPN
ajfa-9359	442	2	,	,	PUNCT
ajfa-9359	442	3	n.	n.	PROPN
ajfa-9359	442	4	,	,	PUNCT
ajfa-9359	442	5	chittenden	chittenden	PROPN
ajfa-9359	442	6	,	,	PUNCT
ajfa-9359	442	7	f.	f.	PROPN
ajfa-9359	442	8	,	,	PUNCT
ajfa-9359	442	9	&	&	CCONJ
ajfa-9359	442	10	poutziouris	poutziouris	PROPN
ajfa-9359	442	11	p.	p.	PROPN
ajfa-9359	442	12	,	,	PUNCT
ajfa-9359	442	13	(	(	PUNCT
ajfa-9359	442	14	1999	1999	NUM
ajfa-9359	442	15	)	)	PUNCT
ajfa-9359	442	16	.	.	PUNCT
ajfa-9359	443	1	financial	financial	ADJ
ajfa-9359	443	2	policy	policy	NOUN
ajfa-9359	443	3	and	and	CCONJ
ajfa-9359	443	4	capital	capital	NOUN
ajfa-9359	443	5	structure	structure	NOUN
ajfa-9359	443	6	choice	choice	NOUN
ajfa-9359	443	7	in	in	ADP
ajfa-9359	443	8	uk	uk	PROPN
ajfa-9359	443	9	smes	sme	NOUN
ajfa-9359	443	10	:	:	PUNCT
ajfa-9359	443	11	empirical	empirical	ADJ
ajfa-9359	443	12	evidence	evidence	NOUN
ajfa-9359	443	13	from	from	ADP
ajfa-9359	443	14	company	company	NOUN
ajfa-9359	443	15	panel	panel	NOUN
ajfa-9359	443	16	data	datum	NOUN
ajfa-9359	443	17	.	.	PUNCT
ajfa-9359	444	1	small	small	ADJ
ajfa-9359	444	2	business	business	NOUN
ajfa-9359	444	3	economics	economic	NOUN
ajfa-9359	444	4	,	,	PUNCT
ajfa-9359	444	5	12	12	NUM
ajfa-9359	444	6	,	,	PUNCT
ajfa-9359	444	7	113	113	NUM
ajfa-9359	444	8	-	-	SYM
ajfa-9359	444	9	130	130	NUM
ajfa-9359	444	10	.	.	PUNCT
ajfa-9359	445	1	https://doi.org/10.1023/a:1008010724051	https://doi.org/10.1023/a:1008010724051	PROPN
ajfa-9359	445	2	modigliani	modigliani	PROPN
ajfa-9359	445	3	f.	f.	PROPN
ajfa-9359	445	4	,	,	PUNCT
ajfa-9359	445	5	&	&	CCONJ
ajfa-9359	445	6	miller	miller	PROPN
ajfa-9359	445	7	m.h	m.h	PROPN
ajfa-9359	445	8	.	.	PROPN
ajfa-9359	445	9	(	(	PUNCT
ajfa-9359	445	10	1958	1958	NUM
ajfa-9359	445	11	)	)	PUNCT
ajfa-9359	445	12	.	.	PUNCT
ajfa-9359	446	1	the	the	DET
ajfa-9359	446	2	cost	cost	NOUN
ajfa-9359	446	3	of	of	ADP
ajfa-9359	446	4	capital	capital	NOUN
ajfa-9359	446	5	,	,	PUNCT
ajfa-9359	446	6	corporation	corporation	NOUN
ajfa-9359	446	7	finance	finance	NOUN
ajfa-9359	446	8	and	and	CCONJ
ajfa-9359	446	9	the	the	DET
ajfa-9359	446	10	theory	theory	NOUN
ajfa-9359	446	11	of	of	ADP
ajfa-9359	446	12	investment	investment	NOUN
ajfa-9359	446	13	.	.	PUNCT
ajfa-9359	447	1	american	american	PROPN
ajfa-9359	447	2	economic	economic	PROPN
ajfa-9359	447	3	review	review	PROPN
ajfa-9359	447	4	,	,	PUNCT
ajfa-9359	447	5	48(3	48(3	PROPN
ajfa-9359	447	6	)	)	PUNCT
ajfa-9359	447	7	,	,	PUNCT
ajfa-9359	447	8	261	261	NUM
ajfa-9359	447	9	-	-	SYM
ajfa-9359	447	10	297	297	NUM
ajfa-9359	447	11	.	.	PUNCT
ajfa-9359	448	1	asian	asian	ADJ
ajfa-9359	448	2	journal	journal	PROPN
ajfa-9359	448	3	of	of	ADP
ajfa-9359	448	4	finance	finance	PROPN
ajfa-9359	448	5	&	&	CCONJ
ajfa-9359	448	6	accounting	accounting	PROPN
ajfa-9359	448	7	issn	issn	PROPN
ajfa-9359	448	8	1946	1946	NUM
ajfa-9359	448	9	-	-	PUNCT
ajfa-9359	448	10	052x	052x	PROPN
ajfa-9359	448	11	2017	2017	NUM
ajfa-9359	448	12	,	,	PUNCT
ajfa-9359	448	13	vol	vol	NOUN
ajfa-9359	448	14	.	.	NOUN
ajfa-9359	448	15	9	9	NUM
ajfa-9359	448	16	,	,	PUNCT
ajfa-9359	448	17	no	no	INTJ
ajfa-9359	448	18	.	.	NOUN
ajfa-9359	448	19	1	1	NUM
ajfa-9359	448	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	448	21	23	23	NUM
ajfa-9359	448	22	muzir	muzir	PROPN
ajfa-9359	448	23	e.	e.	PROPN
ajfa-9359	448	24	(	(	PUNCT
ajfa-9359	448	25	2011	2011	NUM
ajfa-9359	448	26	)	)	PUNCT
ajfa-9359	448	27	.	.	PUNCT
ajfa-9359	449	1	triangle	triangle	NOUN
ajfa-9359	449	2	relationship	relationship	NOUN
ajfa-9359	449	3	among	among	ADP
ajfa-9359	449	4	firm	firm	ADJ
ajfa-9359	449	5	size	size	NOUN
ajfa-9359	449	6	,	,	PUNCT
ajfa-9359	449	7	capital	capital	NOUN
ajfa-9359	449	8	structure	structure	NOUN
ajfa-9359	449	9	choice	choice	NOUN
ajfa-9359	449	10	and	and	CCONJ
ajfa-9359	449	11	financial	financial	ADJ
ajfa-9359	449	12	performance	performance	NOUN
ajfa-9359	449	13	.	.	PUNCT
ajfa-9359	450	1	journal	journal	NOUN
ajfa-9359	450	2	of	of	ADP
ajfa-9359	450	3	management	management	NOUN
ajfa-9359	450	4	research	research	NOUN
ajfa-9359	450	5	,	,	PUNCT
ajfa-9359	450	6	11(2	11(2	NOUN
ajfa-9359	450	7	)	)	PUNCT
ajfa-9359	450	8	,	,	PUNCT
ajfa-9359	450	9	8798	8798	NUM
ajfa-9359	450	10	.	.	PUNCT
ajfa-9359	451	1	myers	myers	PROPN
ajfa-9359	451	2	,	,	PUNCT
ajfa-9359	451	3	s.c	s.c	PROPN
ajfa-9359	451	4	.	.	PROPN
ajfa-9359	451	5	(	(	PUNCT
ajfa-9359	451	6	1977	1977	NUM
ajfa-9359	451	7	)	)	PUNCT
ajfa-9359	451	8	.	.	PUNCT
ajfa-9359	452	1	determinants	determinant	NOUN
ajfa-9359	452	2	of	of	ADP
ajfa-9359	452	3	corporate	corporate	ADJ
ajfa-9359	452	4	borrowing	borrowing	NOUN
ajfa-9359	452	5	.	.	PUNCT
ajfa-9359	453	1	journal	journal	NOUN
ajfa-9359	453	2	of	of	ADP
ajfa-9359	453	3	financial	financial	ADJ
ajfa-9359	453	4	economics	economic	NOUN
ajfa-9359	453	5	,	,	PUNCT
ajfa-9359	453	6	5(2	5(2	NUM
ajfa-9359	453	7	)	)	PUNCT
ajfa-9359	453	8	,	,	PUNCT
ajfa-9359	453	9	147	147	NUM
ajfa-9359	453	10	-	-	SYM
ajfa-9359	453	11	75	75	NUM
ajfa-9359	453	12	.	.	PUNCT
ajfa-9359	454	1	https://doi.org/10.1016/0304-405x(77)90015-0	https://doi.org/10.1016/0304-405x(77)90015-0	PROPN
ajfa-9359	454	2	myers	myers	PROPN
ajfa-9359	454	3	,	,	PUNCT
ajfa-9359	454	4	s.c	s.c	PROPN
ajfa-9359	454	5	.	.	PROPN
ajfa-9359	454	6	(	(	PUNCT
ajfa-9359	454	7	1984	1984	NUM
ajfa-9359	454	8	)	)	PUNCT
ajfa-9359	454	9	.	.	PUNCT
ajfa-9359	455	1	the	the	DET
ajfa-9359	455	2	capital	capital	NOUN
ajfa-9359	455	3	structure	structure	NOUN
ajfa-9359	455	4	puzzle	puzzle	NOUN
ajfa-9359	455	5	.	.	PUNCT
ajfa-9359	456	1	the	the	DET
ajfa-9359	456	2	journal	journal	PROPN
ajfa-9359	456	3	of	of	ADP
ajfa-9359	456	4	finance	finance	NOUN
ajfa-9359	456	5	,	,	PUNCT
ajfa-9359	456	6	39	39	NUM
ajfa-9359	456	7	,	,	PUNCT
ajfa-9359	456	8	575	575	NUM
ajfa-9359	456	9	-	-	SYM
ajfa-9359	456	10	592	592	NUM
ajfa-9359	456	11	.	.	PUNCT
ajfa-9359	457	1	https://doi.org/10.2307/2327916	https://doi.org/10.2307/2327916	PROPN
ajfa-9359	457	2	myers	myers	PROPN
ajfa-9359	457	3	,	,	PUNCT
ajfa-9359	457	4	s.c	s.c	PROPN
ajfa-9359	457	5	.	.	PROPN
ajfa-9359	457	6	,	,	PUNCT
ajfa-9359	457	7	&	&	CCONJ
ajfa-9359	457	8	majluf	majluf	PROPN
ajfa-9359	457	9	n.	n.	PROPN
ajfa-9359	457	10	,	,	PUNCT
ajfa-9359	457	11	(	(	PUNCT
ajfa-9359	457	12	1984	1984	NUM
ajfa-9359	457	13	)	)	PUNCT
ajfa-9359	457	14	.	.	PUNCT
ajfa-9359	458	1	corporate	corporate	ADJ
ajfa-9359	458	2	financing	financing	NOUN
ajfa-9359	458	3	and	and	CCONJ
ajfa-9359	458	4	investment	investment	NOUN
ajfa-9359	458	5	decisions	decision	NOUN
ajfa-9359	458	6	when	when	SCONJ
ajfa-9359	458	7	firms	firm	NOUN
ajfa-9359	458	8	have	have	VERB
ajfa-9359	458	9	information	information	NOUN
ajfa-9359	458	10	that	that	SCONJ
ajfa-9359	458	11	investors	investor	NOUN
ajfa-9359	458	12	do	do	AUX
ajfa-9359	458	13	not	not	PART
ajfa-9359	458	14	have	have	VERB
ajfa-9359	458	15	.	.	PUNCT
ajfa-9359	459	1	journal	journal	NOUN
ajfa-9359	459	2	of	of	ADP
ajfa-9359	459	3	financial	financial	ADJ
ajfa-9359	459	4	economics	economic	NOUN
ajfa-9359	459	5	,	,	PUNCT
ajfa-9359	459	6	13	13	NUM
ajfa-9359	459	7	,	,	PUNCT
ajfa-9359	459	8	187	187	NUM
ajfa-9359	459	9	-	-	SYM
ajfa-9359	459	10	221	221	NUM
ajfa-9359	459	11	.	.	PUNCT
ajfa-9359	460	1	https://doi.org/10.1016/0304-405x(84)90023-0	https://doi.org/10.1016/0304-405x(84)90023-0	PROPN
ajfa-9359	460	2	najjar	najjar	PROPN
ajfa-9359	460	3	n.	n.	PROPN
ajfa-9359	460	4	,	,	PUNCT
ajfa-9359	460	5	&	&	CCONJ
ajfa-9359	460	6	petrov	petrov	PROPN
ajfa-9359	460	7	k.	k.	PROPN
ajfa-9359	460	8	(	(	PUNCT
ajfa-9359	460	9	2011	2011	NUM
ajfa-9359	460	10	)	)	PUNCT
ajfa-9359	460	11	.	.	PUNCT
ajfa-9359	461	1	capital	capital	NOUN
ajfa-9359	461	2	structure	structure	NOUN
ajfa-9359	461	3	of	of	ADP
ajfa-9359	461	4	insurance	insurance	NOUN
ajfa-9359	461	5	companies	company	NOUN
ajfa-9359	461	6	in	in	ADP
ajfa-9359	461	7	bahrain	bahrain	NOUN
ajfa-9359	461	8	.	.	PUNCT
ajfa-9359	462	1	international	international	ADJ
ajfa-9359	462	2	journal	journal	PROPN
ajfa-9359	462	3	of	of	ADP
ajfa-9359	462	4	business	business	NOUN
ajfa-9359	462	5	and	and	CCONJ
ajfa-9359	462	6	management	management	NOUN
ajfa-9359	462	7	,	,	PUNCT
ajfa-9359	462	8	6(11	6(11	NUM
ajfa-9359	462	9	)	)	PUNCT
ajfa-9359	462	10	,	,	PUNCT
ajfa-9359	462	11	138	138	NUM
ajfa-9359	462	12	-	-	SYM
ajfa-9359	462	13	145	145	NUM
ajfa-9359	462	14	.	.	PUNCT
ajfa-9359	463	1	https://doi.org/10.5539/ijbm.v6n11p138	https://doi.org/10.5539/ijbm.v6n11p138	NOUN
ajfa-9359	463	2	ojah	ojah	PROPN
ajfa-9359	463	3	,	,	PUNCT
ajfa-9359	463	4	k.	k.	PROPN
ajfa-9359	463	5	,	,	PUNCT
ajfa-9359	463	6	&	&	CCONJ
ajfa-9359	463	7	gwatidzo	gwatidzo	PROPN
ajfa-9359	463	8	,	,	PUNCT
ajfa-9359	463	9	t.	t.	PROPN
ajfa-9359	463	10	(	(	PUNCT
ajfa-9359	463	11	2009	2009	NUM
ajfa-9359	463	12	)	)	PUNCT
ajfa-9359	463	13	.	.	PUNCT
ajfa-9359	464	1	corporate	corporate	ADJ
ajfa-9359	464	2	capital	capital	NOUN
ajfa-9359	464	3	structure	structure	NOUN
ajfa-9359	464	4	determinants	determinant	NOUN
ajfa-9359	464	5	:	:	PUNCT
ajfa-9359	464	6	evidence	evidence	NOUN
ajfa-9359	464	7	from	from	ADP
ajfa-9359	464	8	five	five	NUM
ajfa-9359	464	9	african	african	ADJ
ajfa-9359	464	10	countries	country	NOUN
ajfa-9359	464	11	.	.	PUNCT
ajfa-9359	465	1	african	african	ADJ
ajfa-9359	465	2	finance	finance	PROPN
ajfa-9359	465	3	journal	journal	NOUN
ajfa-9359	465	4	,	,	PUNCT
ajfa-9359	465	5	11	11	NUM
ajfa-9359	465	6	,	,	PUNCT
ajfa-9359	465	7	1	1	NUM
ajfa-9359	465	8	-	-	SYM
ajfa-9359	465	9	23	23	NUM
ajfa-9359	465	10	.	.	PUNCT
ajfa-9359	466	1	https://doi.org/10.1080/0960310042000319228	https://doi.org/10.1080/0960310042000319228	PROPN
ajfa-9359	466	2	ojah	ojah	PROPN
ajfa-9359	466	3	,	,	PUNCT
ajfa-9359	466	4	k.	k.	PROPN
ajfa-9359	466	5	,	,	PUNCT
ajfa-9359	466	6	&	&	CCONJ
ajfa-9359	466	7	manrique	manrique	PROPN
ajfa-9359	466	8	,	,	PUNCT
ajfa-9359	466	9	j.	j.	PROPN
ajfa-9359	466	10	(	(	PUNCT
ajfa-9359	466	11	2005	2005	NUM
ajfa-9359	466	12	)	)	PUNCT
ajfa-9359	466	13	.	.	PUNCT
ajfa-9359	467	1	determinants	determinant	NOUN
ajfa-9359	467	2	of	of	ADP
ajfa-9359	467	3	corporate	corporate	ADJ
ajfa-9359	467	4	debt	debt	NOUN
ajfa-9359	467	5	structure	structure	NOUN
ajfa-9359	467	6	in	in	ADP
ajfa-9359	467	7	a	a	DET
ajfa-9359	467	8	privately	privately	ADV
ajfa-9359	467	9	dominated	dominate	VERB
ajfa-9359	467	10	debt	debt	NOUN
ajfa-9359	467	11	market	market	NOUN
ajfa-9359	467	12	:	:	PUNCT
ajfa-9359	467	13	a	a	DET
ajfa-9359	467	14	study	study	NOUN
ajfa-9359	467	15	of	of	ADP
ajfa-9359	467	16	the	the	DET
ajfa-9359	467	17	spanish	spanish	ADJ
ajfa-9359	467	18	capital	capital	NOUN
ajfa-9359	467	19	market	market	NOUN
ajfa-9359	467	20	.	.	PUNCT
ajfa-9359	468	1	applied	apply	VERB
ajfa-9359	468	2	financial	financial	ADJ
ajfa-9359	468	3	economics	economic	NOUN
ajfa-9359	468	4	,	,	PUNCT
ajfa-9359	468	5	15	15	NUM
ajfa-9359	468	6	,	,	PUNCT
ajfa-9359	468	7	455	455	NUM
ajfa-9359	468	8	-	-	SYM
ajfa-9359	468	9	468	468	NUM
ajfa-9359	468	10	oke	oke	NOUN
ajfa-9359	468	11	m.	m.	NOUN
ajfa-9359	468	12	,	,	PUNCT
ajfa-9359	468	13	&	&	CCONJ
ajfa-9359	468	14	obalade	obalade	ADJ
ajfa-9359	468	15	a.	a.	NOUN
ajfa-9359	468	16	(	(	PUNCT
ajfa-9359	468	17	2015	2015	NUM
ajfa-9359	468	18	)	)	PUNCT
ajfa-9359	468	19	.	.	PUNCT
ajfa-9359	469	1	testing	test	VERB
ajfa-9359	469	2	the	the	DET
ajfa-9359	469	3	validity	validity	NOUN
ajfa-9359	469	4	of	of	ADP
ajfa-9359	469	5	optimal	optimal	ADJ
ajfa-9359	469	6	capital	capital	NOUN
ajfa-9359	469	7	structure	structure	NOUN
ajfa-9359	469	8	theory	theory	NOUN
ajfa-9359	469	9	in	in	ADP
ajfa-9359	469	10	nigerian	nigerian	ADJ
ajfa-9359	469	11	listed	list	VERB
ajfa-9359	469	12	oil	oil	NOUN
ajfa-9359	469	13	firms	firm	NOUN
ajfa-9359	469	14	.	.	PUNCT
ajfa-9359	470	1	international	international	ADJ
ajfa-9359	470	2	journal	journal	PROPN
ajfa-9359	470	3	of	of	ADP
ajfa-9359	470	4	economics	economic	NOUN
ajfa-9359	470	5	,	,	PUNCT
ajfa-9359	470	6	commerce	commerce	NOUN
ajfa-9359	470	7	and	and	CCONJ
ajfa-9359	470	8	management	management	NOUN
ajfa-9359	470	9	,	,	PUNCT
ajfa-9359	470	10	3(3	3(3	NUM
ajfa-9359	470	11	)	)	PUNCT
ajfa-9359	470	12	,	,	PUNCT
ajfa-9359	470	13	1	1	NUM
ajfa-9359	470	14	-	-	SYM
ajfa-9359	470	15	15	15	NUM
ajfa-9359	470	16	.	.	PUNCT
ajfa-9359	471	1	ozkan	ozkan	PROPN
ajfa-9359	471	2	,	,	PUNCT
ajfa-9359	471	3	a.	a.	NOUN
ajfa-9359	471	4	(	(	PUNCT
ajfa-9359	471	5	2001	2001	NUM
ajfa-9359	471	6	)	)	PUNCT
ajfa-9359	471	7	.	.	PUNCT
ajfa-9359	472	1	determinants	determinant	NOUN
ajfa-9359	472	2	of	of	ADP
ajfa-9359	472	3	capital	capital	NOUN
ajfa-9359	472	4	structure	structure	NOUN
ajfa-9359	472	5	and	and	CCONJ
ajfa-9359	472	6	adjustment	adjustment	NOUN
ajfa-9359	472	7	to	to	ADP
ajfa-9359	472	8	long	long	ADJ
ajfa-9359	472	9	run	run	NOUN
ajfa-9359	472	10	target	target	NOUN
ajfa-9359	472	11	:	:	PUNCT
ajfa-9359	472	12	evidence	evidence	NOUN
ajfa-9359	472	13	from	from	ADP
ajfa-9359	472	14	uk	uk	PROPN
ajfa-9359	472	15	company	company	NOUN
ajfa-9359	472	16	panel	panel	NOUN
ajfa-9359	472	17	data	data	PROPN
ajfa-9359	472	18	.	.	PUNCT
ajfa-9359	473	1	journal	journal	PROPN
ajfa-9359	473	2	of	of	ADP
ajfa-9359	473	3	business	business	NOUN
ajfa-9359	473	4	finance	finance	NOUN
ajfa-9359	473	5	and	and	CCONJ
ajfa-9359	473	6	accounting	accounting	NOUN
ajfa-9359	473	7	,	,	PUNCT
ajfa-9359	473	8	28	28	NUM
ajfa-9359	473	9	,	,	PUNCT
ajfa-9359	473	10	175	175	NUM
ajfa-9359	473	11	-	-	SYM
ajfa-9359	473	12	198	198	NUM
ajfa-9359	473	13	.	.	PUNCT
ajfa-9359	474	1	https://doi.org/10.1111/1468-5957.00370	https://doi.org/10.1111/1468-5957.00370	PROPN
ajfa-9359	474	2	padron	padron	PROPN
ajfa-9359	474	3	,	,	PUNCT
ajfa-9359	474	4	y.	y.	PROPN
ajfa-9359	474	5	g.	g.	PROPN
ajfa-9359	474	6	,	,	PUNCT
ajfa-9359	474	7	apolinaro	apolinaro	NOUN
ajfa-9359	474	8	,	,	PUNCT
ajfa-9359	474	9	r.	r.	PROPN
ajfa-9359	474	10	m.	m.	PROPN
ajfa-9359	474	11	c.	c.	PROPN
ajfa-9359	474	12	,	,	PUNCT
ajfa-9359	474	13	santana	santana	PROPN
ajfa-9359	474	14	,	,	PUNCT
ajfa-9359	474	15	o.	o.	PROPN
ajfa-9359	474	16	m.	m.	NOUN
ajfa-9359	474	17	,	,	PUNCT
ajfa-9359	474	18	conception	conception	NOUN
ajfa-9359	474	19	,	,	PUNCT
ajfa-9359	474	20	m.	m.	NOUN
ajfa-9359	474	21	,	,	PUNCT
ajfa-9359	474	22	martel	martel	PROPN
ajfa-9359	474	23	,	,	PUNCT
ajfa-9359	474	24	v.	v.	ADV
ajfa-9359	474	25	,	,	PUNCT
ajfa-9359	474	26	&	&	CCONJ
ajfa-9359	474	27	sales	sale	NOUN
ajfa-9359	474	28	,	,	PUNCT
ajfa-9359	474	29	l.	l.	PROPN
ajfa-9359	474	30	j.	j.	PROPN
ajfa-9359	474	31	(	(	PUNCT
ajfa-9359	474	32	2005	2005	NUM
ajfa-9359	474	33	)	)	PUNCT
ajfa-9359	474	34	.	.	PUNCT
ajfa-9359	475	1	determinant	determinant	ADJ
ajfa-9359	475	2	factors	factor	NOUN
ajfa-9359	475	3	of	of	ADP
ajfa-9359	475	4	leverage	leverage	NOUN
ajfa-9359	475	5	:	:	PUNCT
ajfa-9359	475	6	an	an	DET
ajfa-9359	475	7	empirical	empirical	ADJ
ajfa-9359	475	8	analysis	analysis	NOUN
ajfa-9359	475	9	of	of	ADP
ajfa-9359	475	10	spanish	spanish	ADJ
ajfa-9359	475	11	corporations	corporation	NOUN
ajfa-9359	475	12	”	"	PUNCT
ajfa-9359	475	13	.	.	PUNCT
ajfa-9359	476	1	journal	journal	NOUN
ajfa-9359	476	2	of	of	ADP
ajfa-9359	476	3	risk	risk	NOUN
ajfa-9359	476	4	finance	finance	NOUN
ajfa-9359	476	5	,	,	PUNCT
ajfa-9359	476	6	6(1	6(1	NUM
ajfa-9359	476	7	)	)	PUNCT
ajfa-9359	476	8	,	,	PUNCT
ajfa-9359	476	9	60	60	NUM
ajfa-9359	476	10	-	-	SYM
ajfa-9359	476	11	68	68	NUM
ajfa-9359	476	12	.	.	PUNCT
ajfa-9359	477	1	https://doi.org/10.1108/15265940510581279	https://doi.org/10.1108/15265940510581279	PROPN
ajfa-9359	477	2	pandey	pandey	PROPN
ajfa-9359	477	3	,	,	PUNCT
ajfa-9359	477	4	i.	i.	PROPN
ajfa-9359	477	5	m.	m.	PROPN
ajfa-9359	477	6	(	(	PUNCT
ajfa-9359	477	7	2005	2005	NUM
ajfa-9359	477	8	)	)	PUNCT
ajfa-9359	477	9	.	.	PUNCT
ajfa-9359	478	1	financial	financial	ADJ
ajfa-9359	478	2	mangemnt	mangemnt	NOUN
ajfa-9359	478	3	.	.	PUNCT
ajfa-9359	479	1	9th	9th	ADJ
ajfa-9359	479	2	edition	edition	NOUN
ajfa-9359	479	3	,	,	PUNCT
ajfa-9359	479	4	vikas	vikas	PROPN
ajfa-9359	479	5	publishing	publishing	PROPN
ajfa-9359	479	6	house	house	PROPN
ajfa-9359	479	7	pvt	pvt	PROPN
ajfa-9359	479	8	.	.	PROPN
ajfa-9359	479	9	ltd	ltd	PROPN
ajfa-9359	479	10	.	.	PROPN
ajfa-9359	479	11	,	,	PUNCT
ajfa-9359	479	12	india	india	PROPN
ajfa-9359	479	13	.	.	PUNCT
ajfa-9359	480	1	psillaki	psillaki	PROPN
ajfa-9359	480	2	m.	m.	PROPN
ajfa-9359	480	3	,	,	PUNCT
ajfa-9359	480	4	&	&	CCONJ
ajfa-9359	480	5	daskalakis	daskalakis	PROPN
ajfa-9359	480	6	n.	n.	PROPN
ajfa-9359	480	7	(	(	PUNCT
ajfa-9359	480	8	2009	2009	NUM
ajfa-9359	480	9	)	)	PUNCT
ajfa-9359	480	10	.	.	PUNCT
ajfa-9359	480	11	are	be	AUX
ajfa-9359	480	12	the	the	DET
ajfa-9359	480	13	determinants	determinant	NOUN
ajfa-9359	480	14	of	of	ADP
ajfa-9359	480	15	capital	capital	NOUN
ajfa-9359	480	16	structure	structure	NOUN
ajfa-9359	480	17	country	country	NOUN
ajfa-9359	480	18	or	or	CCONJ
ajfa-9359	480	19	firm	firm	ADJ
ajfa-9359	480	20	specific	specific	ADJ
ajfa-9359	480	21	?	?	PUNCT
ajfa-9359	480	22	.	.	PUNCT
ajfa-9359	481	1	small	small	ADJ
ajfa-9359	481	2	business	business	NOUN
ajfa-9359	481	3	economics	economic	NOUN
ajfa-9359	481	4	,	,	PUNCT
ajfa-9359	481	5	springer	springer	NOUN
ajfa-9359	481	6	,	,	PUNCT
ajfa-9359	481	7	33(3	33(3	NOUN
ajfa-9359	481	8	)	)	PUNCT
ajfa-9359	481	9	,	,	PUNCT
ajfa-9359	481	10	319	319	NUM
ajfa-9359	481	11	-	-	SYM
ajfa-9359	481	12	333	333	NUM
ajfa-9359	481	13	,	,	PUNCT
ajfa-9359	481	14	october	october	PROPN
ajfa-9359	481	15	.	.	PUNCT
ajfa-9359	482	1	https://doi.org/10.1007/s11187-008-9103-4	https://doi.org/10.1007/s11187-008-9103-4	PROPN
ajfa-9359	482	2	rajan	rajan	PROPN
ajfa-9359	482	3	r.	r.	PROPN
ajfa-9359	482	4	,	,	PUNCT
ajfa-9359	482	5	&	&	CCONJ
ajfa-9359	482	6	zingales	zingales	PROPN
ajfa-9359	482	7	l.	l.	PROPN
ajfa-9359	482	8	(	(	PUNCT
ajfa-9359	482	9	1995	1995	NUM
ajfa-9359	482	10	)	)	PUNCT
ajfa-9359	482	11	.	.	PUNCT
ajfa-9359	483	1	what	what	PRON
ajfa-9359	483	2	do	do	AUX
ajfa-9359	483	3	we	we	PRON
ajfa-9359	483	4	know	know	VERB
ajfa-9359	483	5	about	about	ADP
ajfa-9359	483	6	the	the	DET
ajfa-9359	483	7	capital	capital	NOUN
ajfa-9359	483	8	structure	structure	NOUN
ajfa-9359	483	9	?	?	PUNCT
ajfa-9359	484	1	some	some	DET
ajfa-9359	484	2	evidence	evidence	NOUN
ajfa-9359	484	3	from	from	ADP
ajfa-9359	484	4	international	international	ADJ
ajfa-9359	484	5	data	datum	NOUN
ajfa-9359	484	6	.	.	PUNCT
ajfa-9359	485	1	the	the	DET
ajfa-9359	485	2	journal	journal	PROPN
ajfa-9359	485	3	of	of	ADP
ajfa-9359	485	4	finance	finance	NOUN
ajfa-9359	485	5	,	,	PUNCT
ajfa-9359	485	6	50	50	NUM
ajfa-9359	485	7	,	,	PUNCT
ajfa-9359	485	8	1421	1421	NUM
ajfa-9359	485	9	-	-	SYM
ajfa-9359	485	10	1460	1460	NUM
ajfa-9359	485	11	.	.	PUNCT
ajfa-9359	486	1	https://doi.org/10.1111/j.1540-6261.1995.tb05184.x	https://doi.org/10.1111/j.1540-6261.1995.tb05184.x	PROPN
ajfa-9359	486	2	schwartz	schwartz	PROPN
ajfa-9359	486	3	e.	e.	PROPN
ajfa-9359	486	4	(	(	PUNCT
ajfa-9359	486	5	1959	1959	NUM
ajfa-9359	486	6	)	)	PUNCT
ajfa-9359	486	7	.	.	PUNCT
ajfa-9359	487	1	theory	theory	NOUN
ajfa-9359	487	2	of	of	ADP
ajfa-9359	487	3	the	the	DET
ajfa-9359	487	4	capital	capital	NOUN
ajfa-9359	487	5	structure	structure	NOUN
ajfa-9359	487	6	of	of	ADP
ajfa-9359	487	7	the	the	DET
ajfa-9359	487	8	firm	firm	NOUN
ajfa-9359	487	9	.	.	PUNCT
ajfa-9359	488	1	the	the	DET
ajfa-9359	488	2	journal	journal	PROPN
ajfa-9359	488	3	of	of	ADP
ajfa-9359	488	4	finance	finance	NOUN
ajfa-9359	488	5	,	,	PUNCT
ajfa-9359	488	6	14(1	14(1	NUM
ajfa-9359	488	7	)	)	PUNCT
ajfa-9359	488	8	,	,	PUNCT
ajfa-9359	488	9	18	18	NUM
ajfa-9359	488	10	-	-	SYM
ajfa-9359	488	11	39	39	NUM
ajfa-9359	488	12	.	.	PUNCT
ajfa-9359	489	1	https://doi.org/10.1111/j.1540-6261.1959.tb00483.x	https://doi.org/10.1111/j.1540-6261.1959.tb00483.x	PROPN
ajfa-9359	489	2	asian	asian	PROPN
ajfa-9359	489	3	journal	journal	PROPN
ajfa-9359	489	4	of	of	ADP
ajfa-9359	489	5	finance	finance	PROPN
ajfa-9359	489	6	&	&	CCONJ
ajfa-9359	489	7	accounting	accounting	PROPN
ajfa-9359	489	8	issn	issn	PROPN
ajfa-9359	489	9	1946	1946	NUM
ajfa-9359	489	10	-	-	PUNCT
ajfa-9359	489	11	052x	052x	PROPN
ajfa-9359	489	12	2017	2017	NUM
ajfa-9359	489	13	,	,	PUNCT
ajfa-9359	489	14	vol	vol	NOUN
ajfa-9359	489	15	.	.	NOUN
ajfa-9359	489	16	9	9	NUM
ajfa-9359	489	17	,	,	PUNCT
ajfa-9359	489	18	no	no	INTJ
ajfa-9359	489	19	.	.	NOUN
ajfa-9359	489	20	1	1	NUM
ajfa-9359	489	21	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	489	22	24	24	NUM
ajfa-9359	489	23	shyam	shyam	NOUN
ajfa-9359	489	24	-	-	PUNCT
ajfa-9359	489	25	sunder	sunder	NOUN
ajfa-9359	489	26	l.	l.	PROPN
ajfa-9359	489	27	,	,	PUNCT
ajfa-9359	489	28	&	&	CCONJ
ajfa-9359	489	29	myers	myers	PROPN
ajfa-9359	489	30	s.	s.	PROPN
ajfa-9359	489	31	c.	c.	PROPN
ajfa-9359	489	32	(	(	PUNCT
ajfa-9359	489	33	1999	1999	NUM
ajfa-9359	489	34	)	)	PUNCT
ajfa-9359	489	35	.	.	PUNCT
ajfa-9359	490	1	testing	test	VERB
ajfa-9359	490	2	static	static	ADJ
ajfa-9359	490	3	tradeoff	tradeoff	NOUN
ajfa-9359	490	4	against	against	ADP
ajfa-9359	490	5	pecking	pecking	NOUN
ajfa-9359	490	6	order	order	NOUN
ajfa-9359	490	7	models	model	NOUN
ajfa-9359	490	8	of	of	ADP
ajfa-9359	490	9	capital	capital	NOUN
ajfa-9359	490	10	structure	structure	NOUN
ajfa-9359	490	11	.	.	PUNCT
ajfa-9359	491	1	journal	journal	NOUN
ajfa-9359	491	2	of	of	ADP
ajfa-9359	491	3	financial	financial	ADJ
ajfa-9359	491	4	economics	economic	NOUN
ajfa-9359	491	5	,	,	PUNCT
ajfa-9359	491	6	51	51	NUM
ajfa-9359	491	7	,	,	PUNCT
ajfa-9359	491	8	219	219	NUM
ajfa-9359	491	9	-	-	SYM
ajfa-9359	491	10	244	244	NUM
ajfa-9359	491	11	.	.	PUNCT
ajfa-9359	492	1	https://doi.org/10.1016/s0304-405x(98)00051-8	https://doi.org/10.1016/s0304-405x(98)00051-8	NOUN
ajfa-9359	492	2	song	song	NOUN
ajfa-9359	492	3	,	,	PUNCT
ajfa-9359	492	4	h.	h.	PROPN
ajfa-9359	492	5	(	(	PUNCT
ajfa-9359	492	6	2005	2005	NUM
ajfa-9359	492	7	)	)	PUNCT
ajfa-9359	492	8	.	.	PUNCT
ajfa-9359	493	1	capital	capital	NOUN
ajfa-9359	493	2	structure	structure	NOUN
ajfa-9359	493	3	determinants	determinant	NOUN
ajfa-9359	493	4	:	:	PUNCT
ajfa-9359	493	5	an	an	DET
ajfa-9359	493	6	empirical	empirical	ADJ
ajfa-9359	493	7	study	study	NOUN
ajfa-9359	493	8	of	of	ADP
ajfa-9359	493	9	swedish	swedish	ADJ
ajfa-9359	493	10	companies	company	NOUN
ajfa-9359	493	11	.	.	PUNCT
ajfa-9359	494	1	the	the	DET
ajfa-9359	494	2	royal	royal	PROPN
ajfa-9359	494	3	institute	institute	PROPN
ajfa-9359	494	4	of	of	ADP
ajfa-9359	494	5	technology	technology	PROPN
ajfa-9359	494	6	centre	centre	NOUN
ajfa-9359	494	7	of	of	ADP
ajfa-9359	494	8	excellence	excellence	NOUN
ajfa-9359	494	9	for	for	ADP
ajfa-9359	494	10	science	science	NOUN
ajfa-9359	494	11	and	and	CCONJ
ajfa-9359	494	12	innovation	innovation	NOUN
ajfa-9359	494	13	studies	study	NOUN
ajfa-9359	494	14	,	,	PUNCT
ajfa-9359	494	15	january	january	PROPN
ajfa-9359	494	16	2005	2005	NUM
ajfa-9359	494	17	.	.	PUNCT
ajfa-9359	495	1	available	available	ADJ
ajfa-9359	495	2	on	on	ADP
ajfa-9359	495	3	line	line	NOUN
ajfa-9359	495	4	at	at	ADP
ajfa-9359	495	5	:	:	PUNCT
ajfa-9359	495	6	https://static.sys.kth.se/itm/wp/cesis/cesiswp25.pdf	https://static.sys.kth.se/itm/wp/cesis/cesiswp25.pdf	NOUN
ajfa-9359	495	7	.	.	PROPN
ajfa-9359	496	1	retrieved	retrieve	VERB
ajfa-9359	496	2	on	on	ADP
ajfa-9359	496	3	20th	20th	ADJ
ajfa-9359	496	4	august	august	PROPN
ajfa-9359	496	5	2015	2015	NUM
ajfa-9359	496	6	.	.	PUNCT
ajfa-9359	497	1	sritharan	sritharan	NOUN
ajfa-9359	497	2	,	,	PUNCT
ajfa-9359	497	3	v.	v.	PROPN
ajfa-9359	497	4	(	(	PUNCT
ajfa-9359	497	5	2014	2014	NUM
ajfa-9359	497	6	)	)	PUNCT
ajfa-9359	497	7	.	.	PUNCT
ajfa-9359	498	1	determinants	determinant	NOUN
ajfa-9359	498	2	of	of	ADP
ajfa-9359	498	3	capital	capital	NOUN
ajfa-9359	498	4	structure	structure	NOUN
ajfa-9359	498	5	–	–	PUNCT
ajfa-9359	498	6	a	a	DET
ajfa-9359	498	7	case	case	NOUN
ajfa-9359	498	8	study	study	NOUN
ajfa-9359	498	9	of	of	ADP
ajfa-9359	498	10	listed	list	VERB
ajfa-9359	498	11	banks	bank	NOUN
ajfa-9359	498	12	financial	financial	ADJ
ajfa-9359	498	13	and	and	CCONJ
ajfa-9359	498	14	insurance	insurance	NOUN
ajfa-9359	498	15	companies	company	NOUN
ajfa-9359	498	16	in	in	ADP
ajfa-9359	498	17	colombo	colombo	NOUN
ajfa-9359	498	18	stock	stock	NOUN
ajfa-9359	498	19	exchange	exchange	NOUN
ajfa-9359	498	20	in	in	ADP
ajfa-9359	498	21	sirlanka	sirlanka	NOUN
ajfa-9359	498	22	.	.	PUNCT
ajfa-9359	499	1	international	international	ADJ
ajfa-9359	499	2	journal	journal	PROPN
ajfa-9359	499	3	of	of	ADP
ajfa-9359	499	4	economics	economic	NOUN
ajfa-9359	499	5	,	,	PUNCT
ajfa-9359	499	6	commerce	commerce	NOUN
ajfa-9359	499	7	and	and	CCONJ
ajfa-9359	499	8	management	management	NOUN
ajfa-9359	499	9	,	,	PUNCT
ajfa-9359	499	10	ii(10	ii(10	PROPN
ajfa-9359	499	11	)	)	PUNCT
ajfa-9359	499	12	,	,	PUNCT
ajfa-9359	499	13	1	1	NUM
ajfa-9359	499	14	-	-	SYM
ajfa-9359	499	15	18	18	NUM
ajfa-9359	499	16	.	.	PUNCT
ajfa-9359	500	1	talberg	talberg	PROPN
ajfa-9359	500	2	m.	m.	PROPN
ajfa-9359	500	3	,	,	PUNCT
ajfa-9359	500	4	winge	winge	VERB
ajfa-9359	500	5	c.	c.	PROPN
ajfa-9359	500	6	,	,	PUNCT
ajfa-9359	500	7	frydenberg	frydenberg	PROPN
ajfa-9359	500	8	s.	s.	PROPN
ajfa-9359	500	9	,	,	PUNCT
ajfa-9359	500	10	&	&	CCONJ
ajfa-9359	500	11	westgaard	westgaard	ADJ
ajfa-9359	500	12	s.	s.	PROPN
ajfa-9359	500	13	,	,	PUNCT
ajfa-9359	500	14	(	(	PUNCT
ajfa-9359	500	15	2008	2008	NUM
ajfa-9359	500	16	)	)	PUNCT
ajfa-9359	500	17	.	.	PUNCT
ajfa-9359	501	1	capital	capital	NOUN
ajfa-9359	501	2	structure	structure	NOUN
ajfa-9359	501	3	across	across	ADP
ajfa-9359	501	4	industries	industry	NOUN
ajfa-9359	501	5	.	.	PUNCT
ajfa-9359	502	1	international	international	ADJ
ajfa-9359	502	2	journal	journal	NOUN
ajfa-9359	502	3	of	of	ADP
ajfa-9359	502	4	the	the	DET
ajfa-9359	502	5	economics	economic	NOUN
ajfa-9359	502	6	of	of	ADP
ajfa-9359	502	7	business	business	NOUN
ajfa-9359	502	8	,	,	PUNCT
ajfa-9359	502	9	15(2	15(2	NUM
ajfa-9359	502	10	)	)	PUNCT
ajfa-9359	502	11	,	,	PUNCT
ajfa-9359	502	12	181	181	NUM
ajfa-9359	502	13	-	-	SYM
ajfa-9359	502	14	200	200	NUM
ajfa-9359	502	15	.	.	PUNCT
ajfa-9359	503	1	https://doi.org/10.1080/13571510802134304	https://doi.org/10.1080/13571510802134304	PROPN
ajfa-9359	504	1	titman	titman	PROPN
ajfa-9359	504	2	s.	s.	PROPN
ajfa-9359	504	3	,	,	PUNCT
ajfa-9359	504	4	&	&	CCONJ
ajfa-9359	504	5	wessels	wessels	PROPN
ajfa-9359	504	6	r.	r.	PROPN
ajfa-9359	504	7	(	(	PUNCT
ajfa-9359	504	8	1988	1988	NUM
ajfa-9359	504	9	)	)	PUNCT
ajfa-9359	504	10	.	.	PUNCT
ajfa-9359	505	1	the	the	DET
ajfa-9359	505	2	determinants	determinant	NOUN
ajfa-9359	505	3	of	of	ADP
ajfa-9359	505	4	capital	capital	NOUN
ajfa-9359	505	5	structure	structure	NOUN
ajfa-9359	505	6	choices	choice	NOUN
ajfa-9359	505	7	.	.	PUNCT
ajfa-9359	506	1	the	the	DET
ajfa-9359	506	2	journal	journal	NOUN
ajfa-9359	506	3	of	of	ADP
ajfa-9359	506	4	finance	finance	NOUN
ajfa-9359	506	5	,	,	PUNCT
ajfa-9359	506	6	43	43	NUM
ajfa-9359	506	7	,	,	PUNCT
ajfa-9359	506	8	1	1	NUM
ajfa-9359	506	9	-	-	SYM
ajfa-9359	506	10	19	19	NUM
ajfa-9359	506	11	.	.	PUNCT
ajfa-9359	507	1	https://doi.org/10.1111/j.1540-6261.1988.tb02585.x	https://doi.org/10.1111/j.1540-6261.1988.tb02585.x	PROPN
ajfa-9359	507	2	upneja	upneja	ADJ
ajfa-9359	507	3	a.	a.	NOUN
ajfa-9359	507	4	,	,	PUNCT
ajfa-9359	507	5	&	&	CCONJ
ajfa-9359	507	6	dalbor	dalbor	PROPN
ajfa-9359	507	7	m.c	m.c	PROPN
ajfa-9359	507	8	.	.	PROPN
ajfa-9359	507	9	(	(	PUNCT
ajfa-9359	507	10	2001	2001	NUM
ajfa-9359	507	11	)	)	PUNCT
ajfa-9359	507	12	.	.	PUNCT
ajfa-9359	508	1	an	an	DET
ajfa-9359	508	2	examination	examination	NOUN
ajfa-9359	508	3	of	of	ADP
ajfa-9359	508	4	capital	capital	NOUN
ajfa-9359	508	5	structure	structure	NOUN
ajfa-9359	508	6	in	in	ADP
ajfa-9359	508	7	the	the	DET
ajfa-9359	508	8	restaurant	restaurant	NOUN
ajfa-9359	508	9	industry	industry	NOUN
ajfa-9359	508	10	.	.	PUNCT
ajfa-9359	509	1	international	international	ADJ
ajfa-9359	509	2	journal	journal	PROPN
ajfa-9359	509	3	of	of	ADP
ajfa-9359	509	4	contemporary	contemporary	PROPN
ajfa-9359	509	5	hospitality	hospitality	PROPN
ajfa-9359	509	6	management	management	NOUN
ajfa-9359	509	7	,	,	PUNCT
ajfa-9359	509	8	13(2	13(2	PROPN
ajfa-9359	509	9	)	)	PUNCT
ajfa-9359	509	10	,	,	PUNCT
ajfa-9359	509	11	54	54	NUM
ajfa-9359	509	12	-	-	SYM
ajfa-9359	509	13	59	59	NUM
ajfa-9359	509	14	.	.	PUNCT
ajfa-9359	510	1	https://doi.org/10.1108/09596110110381825	https://doi.org/10.1108/09596110110381825	PROPN
ajfa-9359	510	2	wald	wald	PROPN
ajfa-9359	510	3	j.k	j.k	PROPN
ajfa-9359	510	4	.	.	PUNCT
ajfa-9359	510	5	(	(	PUNCT
ajfa-9359	510	6	1999	1999	NUM
ajfa-9359	510	7	)	)	PUNCT
ajfa-9359	510	8	.	.	PUNCT
ajfa-9359	511	1	how	how	SCONJ
ajfa-9359	511	2	firms	firm	NOUN
ajfa-9359	511	3	characteristics	characteristic	NOUN
ajfa-9359	511	4	affect	affect	VERB
ajfa-9359	511	5	capital	capital	NOUN
ajfa-9359	511	6	structure	structure	NOUN
ajfa-9359	511	7	:	:	PUNCT
ajfa-9359	511	8	an	an	DET
ajfa-9359	511	9	international	international	ADJ
ajfa-9359	511	10	comparison	comparison	NOUN
ajfa-9359	511	11	.	.	PUNCT
ajfa-9359	512	1	the	the	DET
ajfa-9359	512	2	journal	journal	NOUN
ajfa-9359	512	3	of	of	ADP
ajfa-9359	512	4	financial	financial	ADJ
ajfa-9359	512	5	research	research	NOUN
ajfa-9359	512	6	,	,	PUNCT
ajfa-9359	512	7	22(2	22(2	NUM
ajfa-9359	512	8	)	)	PUNCT
ajfa-9359	512	9	,	,	PUNCT
ajfa-9359	512	10	161	161	NUM
ajfa-9359	512	11	-	-	SYM
ajfa-9359	512	12	187	187	NUM
ajfa-9359	512	13	.	.	PUNCT
ajfa-9359	513	1	https://doi.org/10.1111/j.1475-6803.1999.tb00721.x	https://doi.org/10.1111/j.1475-6803.1999.tb00721.x	AUX
ajfa-9359	513	2	wanzenried	wanzenrie	VERB
ajfa-9359	513	3	g.	g.	PROPN
ajfa-9359	513	4	(	(	PUNCT
ajfa-9359	513	5	2002	2002	NUM
ajfa-9359	513	6	)	)	PUNCT
ajfa-9359	513	7	.	.	PUNCT
ajfa-9359	514	1	capital	capital	NOUN
ajfa-9359	514	2	structure	structure	NOUN
ajfa-9359	514	3	dynamics	dynamic	NOUN
ajfa-9359	514	4	in	in	ADP
ajfa-9359	514	5	uk	uk	PROPN
ajfa-9359	514	6	and	and	CCONJ
ajfa-9359	514	7	continental	continental	PROPN
ajfa-9359	514	8	europe	europe	PROPN
ajfa-9359	514	9	.	.	PUNCT
ajfa-9359	515	1	discussion	discussion	NOUN
ajfa-9359	515	2	writings	writing	NOUN
ajfa-9359	515	3	dp0209	dp0209	PROPN
ajfa-9359	515	4	,	,	PUNCT
ajfa-9359	515	5	university	university	NOUN
ajfa-9359	515	6	of	of	ADP
ajfa-9359	515	7	bern	bern	PROPN
ajfa-9359	515	8	,	,	PUNCT
ajfa-9359	515	9	department	department	NOUN
ajfa-9359	515	10	of	of	ADP
ajfa-9359	515	11	economics	economic	NOUN
ajfa-9359	515	12	.	.	PUNCT
ajfa-9359	516	1	wedig	wedig	PROPN
ajfa-9359	516	2	g.	g.	PROPN
ajfa-9359	516	3	j.	j.	PROPN
ajfa-9359	516	4	,	,	PUNCT
ajfa-9359	516	5	sloan	sloan	PROPN
ajfa-9359	516	6	f.a	f.a	PROPN
ajfa-9359	516	7	.	.	PROPN
ajfa-9359	516	8	,	,	PUNCT
ajfa-9359	516	9	hassan	hassan	PROPN
ajfa-9359	516	10	m.	m.	PROPN
ajfa-9359	516	11	and	and	CCONJ
ajfa-9359	516	12	morrisey	morrisey	PROPN
ajfa-9359	516	13	m.a	m.a	PROPN
ajfa-9359	516	14	.	.	PROPN
ajfa-9359	516	15	(	(	PUNCT
ajfa-9359	516	16	1988	1988	NUM
ajfa-9359	516	17	)	)	PUNCT
ajfa-9359	516	18	.	.	PUNCT
ajfa-9359	517	1	capital	capital	NOUN
ajfa-9359	517	2	structure	structure	NOUN
ajfa-9359	517	3	,	,	PUNCT
ajfa-9359	517	4	ownership	ownership	NOUN
ajfa-9359	517	5	,	,	PUNCT
ajfa-9359	517	6	and	and	CCONJ
ajfa-9359	517	7	capital	capital	NOUN
ajfa-9359	517	8	payment	payment	NOUN
ajfa-9359	517	9	policy	policy	NOUN
ajfa-9359	517	10	:	:	PUNCT
ajfa-9359	517	11	the	the	DET
ajfa-9359	517	12	case	case	NOUN
ajfa-9359	517	13	of	of	ADP
ajfa-9359	517	14	hospitals	hospital	NOUN
ajfa-9359	517	15	.	.	PUNCT
ajfa-9359	518	1	the	the	DET
ajfa-9359	518	2	journal	journal	PROPN
ajfa-9359	518	3	of	of	ADP
ajfa-9359	518	4	finance	finance	NOUN
ajfa-9359	518	5	,	,	PUNCT
ajfa-9359	518	6	43(1	43(1	NOUN
ajfa-9359	518	7	)	)	PUNCT
ajfa-9359	518	8	,	,	PUNCT
ajfa-9359	518	9	21	21	NUM
ajfa-9359	518	10	-	-	SYM
ajfa-9359	518	11	40	40	NUM
ajfa-9359	518	12	.	.	PUNCT
ajfa-9359	519	1	zhao	zhao	PROPN
ajfa-9359	519	2	j.	j.	PROPN
ajfa-9359	519	3	,katchova	,katchova	PROPN
ajfa-9359	519	4	a.	a.	PROPN
ajfa-9359	519	5	,	,	PUNCT
ajfa-9359	519	6	&	&	CCONJ
ajfa-9359	519	7	berry	berry	PROPN
ajfa-9359	519	8	p.	p.	PROPN
ajfa-9359	519	9	(	(	PUNCT
ajfa-9359	519	10	2004	2004	NUM
ajfa-9359	519	11	)	)	PUNCT
ajfa-9359	519	12	.	.	PUNCT
ajfa-9359	520	1	testing	test	VERB
ajfa-9359	520	2	the	the	DET
ajfa-9359	520	3	picking	picking	NOUN
ajfa-9359	520	4	order	order	NOUN
ajfa-9359	520	5	theory	theory	NOUN
ajfa-9359	520	6	and	and	CCONJ
ajfa-9359	520	7	the	the	DET
ajfa-9359	520	8	signalling	signal	VERB
ajfa-9359	520	9	theory	theory	NOUN
ajfa-9359	520	10	for	for	ADP
ajfa-9359	520	11	farm	farm	NOUN
ajfa-9359	520	12	businesses	business	NOUN
ajfa-9359	520	13	.	.	PUNCT
ajfa-9359	521	1	paper	paper	NOUN
ajfa-9359	521	2	presented	present	VERB
ajfa-9359	521	3	at	at	ADP
ajfa-9359	521	4	the	the	DET
ajfa-9359	521	5	american	american	ADJ
ajfa-9359	521	6	agricultural	agricultural	PROPN
ajfa-9359	521	7	economics	economics	PROPN
ajfa-9359	521	8	association	association	PROPN
ajfa-9359	521	9	annual	annual	ADJ
ajfa-9359	521	10	meeting	meeting	NOUN
ajfa-9359	521	11	,	,	PUNCT
ajfa-9359	521	12	denver	denver	PROPN
ajfa-9359	521	13	,	,	PUNCT
ajfa-9359	521	14	colorado	colorado	PROPN
ajfa-9359	521	15	,	,	PUNCT
ajfa-9359	521	16	july	july	PROPN
ajfa-9359	521	17	1	1	NUM
ajfa-9359	521	18	-	-	SYM
ajfa-9359	521	19	4	4	NUM
ajfa-9359	521	20	(	(	PUNCT
ajfa-9359	521	21	2004	2004	NUM
ajfa-9359	521	22	)	)	PUNCT
ajfa-9359	521	23	.	.	PUNCT
ajfa-9359	522	1	asian	asian	ADJ
ajfa-9359	522	2	journal	journal	PROPN
ajfa-9359	522	3	of	of	ADP
ajfa-9359	522	4	finance	finance	PROPN
ajfa-9359	522	5	&	&	CCONJ
ajfa-9359	522	6	accounting	accounting	PROPN
ajfa-9359	522	7	issn	issn	PROPN
ajfa-9359	522	8	1946	1946	NUM
ajfa-9359	522	9	-	-	PUNCT
ajfa-9359	522	10	052x	052x	PROPN
ajfa-9359	522	11	2017	2017	NUM
ajfa-9359	522	12	,	,	PUNCT
ajfa-9359	522	13	vol	vol	NOUN
ajfa-9359	522	14	.	.	NOUN
ajfa-9359	522	15	9	9	NUM
ajfa-9359	522	16	,	,	PUNCT
ajfa-9359	522	17	no	no	INTJ
ajfa-9359	522	18	.	.	NOUN
ajfa-9359	522	19	1	1	NUM
ajfa-9359	522	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	522	21	25	25	NUM
ajfa-9359	522	22	appendix	appendix	NOUN
ajfa-9359	522	23	table	table	NOUN
ajfa-9359	522	24	2.1	2.1	NUM
ajfa-9359	522	25	.	.	PUNCT
ajfa-9359	523	1	summary	summary	NOUN
ajfa-9359	523	2	of	of	ADP
ajfa-9359	523	3	past	past	ADJ
ajfa-9359	523	4	empirical	empirical	ADJ
ajfa-9359	523	5	studies	study	NOUN
ajfa-9359	523	6	.	.	PUNCT
ajfa-9359	524	1	(	(	PUNCT
ajfa-9359	524	2	arranged	arrange	VERB
ajfa-9359	524	3	alphabetically	alphabetically	ADV
ajfa-9359	524	4	)	)	PUNCT
ajfa-9359	524	5	author	author	NOUN
ajfa-9359	524	6	data	data	PROPN
ajfa-9359	524	7	period	period	NOUN
ajfa-9359	524	8	focus	focus	NOUN
ajfa-9359	524	9	journal	journal	PROPN
ajfa-9359	524	10	sample	sample	PROPN
ajfa-9359	524	11	dependent	dependent	ADJ
ajfa-9359	524	12	variables	variable	VERB
ajfa-9359	524	13	1	1	NUM
ajfa-9359	524	14	sign	sign	NOUN
ajfa-9359	524	15	of	of	ADP
ajfa-9359	524	16	determinants	determinant	NOUN
ajfa-9359	524	17	of	of	ADP
ajfa-9359	524	18	capital	capital	NOUN
ajfa-9359	524	19	structure	structure	NOUN
ajfa-9359	524	20	tang	tang	PROPN
ajfa-9359	524	21	prof	prof	PROPN
ajfa-9359	524	22	grow	grow	VERB
ajfa-9359	524	23	size	size	NOUN
ajfa-9359	524	24	liq	liq	NOUN
ajfa-9359	524	25	ndts	ndts	PROPN
ajfa-9359	524	26	2abd	2abd	NOUN
ajfa-9359	524	27	wahaab	wahaab	NOUN
ajfa-9359	524	28	and	and	CCONJ
ajfa-9359	524	29	ramli	ramli	PROPN
ajfa-9359	524	30	(	(	PUNCT
ajfa-9359	524	31	2014	2014	NUM
ajfa-9359	524	32	)	)	PUNCT
ajfa-9359	524	33	1997	1997	NUM
ajfa-9359	524	34	-	-	SYM
ajfa-9359	524	35	2009	2009	NUM
ajfa-9359	524	36	the	the	DET
ajfa-9359	524	37	determinants	determinant	NOUN
ajfa-9359	524	38	of	of	ADP
ajfa-9359	524	39	capital	capital	NOUN
ajfa-9359	524	40	structure	structure	NOUN
ajfa-9359	524	41	international	international	PROPN
ajfa-9359	524	42	journal	journal	PROPN
ajfa-9359	524	43	of	of	ADP
ajfa-9359	524	44	economics	economic	NOUN
ajfa-9359	524	45	and	and	CCONJ
ajfa-9359	524	46	financial	financial	ADJ
ajfa-9359	524	47	issues	issue	NOUN
ajfa-9359	524	48	13	13	NUM
ajfa-9359	524	49	malaysian	malaysian	ADJ
ajfa-9359	524	50	listed	list	VERB
ajfa-9359	524	51	government	government	NOUN
ajfa-9359	524	52	linked	link	VERB
ajfa-9359	524	53	companies	company	NOUN
ajfa-9359	524	54	leverage	leverage	VERB
ajfa-9359	524	55	+	+	CCONJ
ajfa-9359	524	56	*	*	PUNCT
ajfa-9359	524	57	*	*	PUNCT
ajfa-9359	524	58	*	*	PUNCT
ajfa-9359	525	1	*	*	PUNCT
ajfa-9359	526	1	*	*	PUNCT
ajfa-9359	526	2	*	*	PUNCT
ajfa-9359	526	3	*	*	PUNCT
ajfa-9359	527	1	*	*	PUNCT
ajfa-9359	527	2	*	*	PUNCT
ajfa-9359	527	3	*	*	PUNCT
ajfa-9359	527	4	2bevan	2bevan	NUM
ajfa-9359	527	5	and	and	CCONJ
ajfa-9359	527	6	danbolt	danbolt	NOUN
ajfa-9359	527	7	(	(	PUNCT
ajfa-9359	527	8	2002	2002	NUM
ajfa-9359	527	9	)	)	PUNCT
ajfa-9359	527	10	1991	1991	NUM
ajfa-9359	527	11	re	re	NOUN
ajfa-9359	527	12	-	-	NOUN
ajfa-9359	527	13	examines	examine	VERB
ajfa-9359	527	14	the	the	DET
ajfa-9359	527	15	relationship	relationship	NOUN
ajfa-9359	527	16	of	of	ADP
ajfa-9359	527	17	(	(	PUNCT
ajfa-9359	527	18	rajan&zingales	rajan&zingale	NOUN
ajfa-9359	527	19	1995	1995	NUM
ajfa-9359	527	20	)	)	PUNCT
ajfa-9359	527	21	to	to	ADP
ajfa-9359	527	22	variations	variation	NOUN
ajfa-9359	527	23	in	in	ADP
ajfa-9359	527	24	gearing	gear	VERB
ajfa-9359	527	25	measure	measure	NOUN
ajfa-9359	527	26	by	by	ADP
ajfa-9359	527	27	examining	examine	VERB
ajfa-9359	527	28	more	more	ADJ
ajfa-9359	527	29	debt	debt	NOUN
ajfa-9359	527	30	measure	measure	NOUN
ajfa-9359	527	31	.	.	PUNCT
ajfa-9359	528	1	applied	apply	VERB
ajfa-9359	528	2	finance	finance	NOUN
ajfa-9359	528	3	economics	economic	NOUN
ajfa-9359	528	4	822	822	NUM
ajfa-9359	528	5	uk	uk	PROPN
ajfa-9359	528	6	companies	company	NOUN
ajfa-9359	528	7	debt	debt	NOUN
ajfa-9359	528	8	+	+	CCONJ
ajfa-9359	529	1	*	*	PUNCT
ajfa-9359	530	1	*	*	PUNCT
ajfa-9359	531	1	*	*	PUNCT
ajfa-9359	531	2	*	*	PUNCT
ajfa-9359	531	3	*	*	PUNCT
ajfa-9359	532	1	+	+	PUNCT
ajfa-9359	532	2	*	*	PUNCT
ajfa-9359	532	3	*	*	PUNCT
ajfa-9359	532	4	*	*	VERB
ajfa-9359	532	5	deloof	deloof	NOUN
ajfa-9359	532	6	and	and	CCONJ
ajfa-9359	532	7	verschueren	verschueren	NOUN
ajfa-9359	532	8	1998	1998	NUM
ajfa-9359	532	9	1992	1992	NUM
ajfa-9359	532	10	-	-	SYM
ajfa-9359	532	11	1994	1994	NUM
ajfa-9359	532	12	are	be	AUX
ajfa-9359	532	13	leases	lease	NOUN
ajfa-9359	532	14	and	and	CCONJ
ajfa-9359	532	15	debt	debt	NOUN
ajfa-9359	532	16	substitutes	substitute	NOUN
ajfa-9359	532	17	?	?	PUNCT
ajfa-9359	533	1	journal	journal	NOUN
ajfa-9359	533	2	of	of	ADP
ajfa-9359	533	3	economics	economic	NOUN
ajfa-9359	533	4	and	and	CCONJ
ajfa-9359	533	5	management	management	NOUN
ajfa-9359	533	6	1,066	1,066	NUM
ajfa-9359	533	7	non	non	ADJ
ajfa-9359	533	8	-	-	ADJ
ajfa-9359	533	9	financial	financial	ADJ
ajfa-9359	533	10	belgian	belgian	ADJ
ajfa-9359	533	11	firms	firm	NOUN
ajfa-9359	533	12	leases	lease	VERB
ajfa-9359	533	13	+	+	CCONJ
ajfa-9359	533	14	without	without	ADP
ajfa-9359	533	15	std	std	NOUN
ajfa-9359	533	16	with	with	ADP
ajfa-9359	533	17	std	std	NOUN
ajfa-9359	533	18	*	*	PUNCT
ajfa-9359	534	1	+	+	PUNCT
ajfa-9359	534	2	*	*	PUNCT
ajfa-9359	534	3	*	*	PUNCT
ajfa-9359	534	4	*	*	PUNCT
ajfa-9359	534	5	frank	frank	ADJ
ajfa-9359	534	6	and	and	CCONJ
ajfa-9359	534	7	goyal	goyal	PROPN
ajfa-9359	534	8	(	(	PUNCT
ajfa-9359	534	9	2009	2009	NUM
ajfa-9359	534	10	)	)	PUNCT
ajfa-9359	534	11	1950	1950	NUM
ajfa-9359	534	12	-	-	SYM
ajfa-9359	534	13	2003	2003	NUM
ajfa-9359	534	14	examines	examine	VERB
ajfa-9359	534	15	the	the	DET
ajfa-9359	534	16	factors	factor	NOUN
ajfa-9359	534	17	affecting	affect	VERB
ajfa-9359	534	18	publicly	publicly	ADV
ajfa-9359	534	19	traded	trade	VERB
ajfa-9359	534	20	american	american	ADJ
ajfa-9359	534	21	firms	firm	NOUN
ajfa-9359	534	22	financial	financial	ADJ
ajfa-9359	534	23	management	management	NOUN
ajfa-9359	534	24	leverage	leverage	NOUN
ajfa-9359	534	25	+	+	CCONJ
ajfa-9359	534	26	*	*	PUNCT
ajfa-9359	534	27	*	*	PUNCT
ajfa-9359	534	28	*	*	PUNCT
ajfa-9359	535	1	*	*	PUNCT
ajfa-9359	535	2	*	*	PUNCT
ajfa-9359	535	3	*	*	PUNCT
ajfa-9359	536	1	+	+	PUNCT
ajfa-9359	536	2	*	*	PUNCT
ajfa-9359	536	3	*	*	PUNCT
ajfa-9359	536	4	*	*	PUNCT
ajfa-9359	536	5	gaud	gaud	PROPN
ajfa-9359	536	6	et	et	PROPN
ajfa-9359	536	7	al	al	PROPN
ajfa-9359	536	8	.	.	PROPN
ajfa-9359	537	1	(	(	PUNCT
ajfa-9359	537	2	2003	2003	NUM
ajfa-9359	537	3	)	)	PUNCT
ajfa-9359	537	4	1991	1991	NUM
ajfa-9359	537	5	-	-	SYM
ajfa-9359	537	6	2000	2000	NUM
ajfa-9359	537	7	the	the	DET
ajfa-9359	537	8	determinants	determinant	NOUN
ajfa-9359	537	9	of	of	ADP
ajfa-9359	537	10	the	the	DET
ajfa-9359	537	11	capital	capital	NOUN
ajfa-9359	537	12	structure	structure	NOUN
ajfa-9359	537	13	european	european	PROPN
ajfa-9359	537	14	financial	financial	PROPN
ajfa-9359	537	15	management	management	PROPN
ajfa-9359	537	16	106	106	NUM
ajfa-9359	537	17	listed	list	VERB
ajfa-9359	537	18	swiss	swiss	ADJ
ajfa-9359	537	19	companies	company	NOUN
ajfa-9359	537	20	leverage	leverage	VERB
ajfa-9359	537	21	+	+	CCONJ
ajfa-9359	537	22	*	*	PUNCT
ajfa-9359	537	23	*	*	PUNCT
ajfa-9359	537	24	*	*	PUNCT
ajfa-9359	538	1	+	+	PUNCT
ajfa-9359	538	2	*	*	PUNCT
ajfa-9359	538	3	*	*	PUNCT
ajfa-9359	538	4	*	*	PUNCT
ajfa-9359	538	5	huang	huang	PROPN
ajfa-9359	538	6	&	&	CCONJ
ajfa-9359	538	7	song	song	PROPN
ajfa-9359	538	8	(	(	PUNCT
ajfa-9359	538	9	2006	2006	NUM
ajfa-9359	538	10	)	)	PUNCT
ajfa-9359	538	11	1994	1994	NUM
ajfa-9359	538	12	-	-	SYM
ajfa-9359	538	13	2003	2003	NUM
ajfa-9359	538	14	the	the	DET
ajfa-9359	538	15	determinants	determinant	NOUN
ajfa-9359	538	16	of	of	ADP
ajfa-9359	538	17	capital	capital	NOUN
ajfa-9359	538	18	structure	structure	NOUN
ajfa-9359	538	19	china	china	PROPN
ajfa-9359	538	20	economic	economic	PROPN
ajfa-9359	538	21	review	review	PROPN
ajfa-9359	538	22	1200	1200	NUM
ajfa-9359	538	23	chinese	chinese	ADJ
ajfa-9359	538	24	listed	list	VERB
ajfa-9359	538	25	companies	company	NOUN
ajfa-9359	538	26	leverage	leverage	VERB
ajfa-9359	538	27	+	+	CCONJ
ajfa-9359	538	28	*	*	PUNCT
ajfa-9359	538	29	*	*	PUNCT
ajfa-9359	538	30	*	*	PUNCT
ajfa-9359	539	1	*	*	PUNCT
ajfa-9359	539	2	*	*	PUNCT
ajfa-9359	539	3	*	*	PUNCT
ajfa-9359	540	1	+	+	PUNCT
ajfa-9359	540	2	*	*	PUNCT
ajfa-9359	540	3	*	*	PUNCT
ajfa-9359	540	4	*	*	PUNCT
ajfa-9359	540	5	-	-	PUNCT
ajfa-9359	541	1	*	*	PUNCT
ajfa-9359	541	2	*	*	PUNCT
ajfa-9359	541	3	*	*	PUNCT
ajfa-9359	541	4	2joseph	2joseph	NUM
ajfa-9359	541	5	ooi	ooi	PROPN
ajfa-9359	541	6	,	,	PUNCT
ajfa-9359	541	7	(	(	PUNCT
ajfa-9359	541	8	1999	1999	NUM
ajfa-9359	541	9	)	)	PUNCT
ajfa-9359	541	10	.	.	PUNCT
ajfa-9359	542	1	1989	1989	NUM
ajfa-9359	542	2	-	-	SYM
ajfa-9359	542	3	1996	1996	NUM
ajfa-9359	542	4	the	the	DET
ajfa-9359	542	5	determinants	determinant	NOUN
ajfa-9359	542	6	of	of	ADP
ajfa-9359	542	7	capital	capital	NOUN
ajfa-9359	542	8	structure	structure	NOUN
ajfa-9359	542	9	journal	journal	NOUN
ajfa-9359	542	10	of	of	ADP
ajfa-9359	542	11	property	property	NOUN
ajfa-9359	542	12	investment	investment	NOUN
ajfa-9359	542	13	&	&	CCONJ
ajfa-9359	542	14	finance	finance	PROPN
ajfa-9359	542	15	83	83	NUM
ajfa-9359	542	16	property	property	NOUN
ajfa-9359	542	17	companies	company	NOUN
ajfa-9359	542	18	quoted	quote	VERB
ajfa-9359	542	19	in	in	ADP
ajfa-9359	542	20	the	the	DET
ajfa-9359	542	21	uk	uk	PROPN
ajfa-9359	542	22	leverage	leverage	NOUN
ajfa-9359	542	23	+	+	CCONJ
ajfa-9359	542	24	*	*	PUNCT
ajfa-9359	542	25	author	author	NOUN
ajfa-9359	542	26	data	datum	NOUN
ajfa-9359	542	27	period	period	NOUN
ajfa-9359	542	28	focus	focus	NOUN
ajfa-9359	542	29	journal	journal	PROPN
ajfa-9359	542	30	sample	sample	PROPN
ajfa-9359	542	31	dependent	dependent	ADJ
ajfa-9359	542	32	variables	variable	VERB
ajfa-9359	542	33	1	1	NUM
ajfa-9359	542	34	sign	sign	NOUN
ajfa-9359	542	35	of	of	ADP
ajfa-9359	542	36	determinants	determinant	NOUN
ajfa-9359	542	37	of	of	ADP
ajfa-9359	542	38	capital	capital	NOUN
ajfa-9359	542	39	structure	structure	NOUN
ajfa-9359	542	40	tang	tang	PROPN
ajfa-9359	542	41	prof	prof	PROPN
ajfa-9359	542	42	grow	grow	VERB
ajfa-9359	542	43	size	size	NOUN
ajfa-9359	542	44	liq	liq	NOUN
ajfa-9359	542	45	ndts	ndts	ADJ
ajfa-9359	542	46	khrawish	khrawish	ADJ
ajfa-9359	542	47	and	and	CCONJ
ajfa-9359	542	48	khrawish	khrawish	ADJ
ajfa-9359	542	49	2001	2001	NUM
ajfa-9359	542	50	-	-	SYM
ajfa-9359	542	51	2005	2005	NUM
ajfa-9359	542	52	investigate	investigate	VERB
ajfa-9359	542	53	what	what	PRON
ajfa-9359	542	54	are	be	AUX
ajfa-9359	542	55	the	the	DET
ajfa-9359	542	56	economics	economic	NOUN
ajfa-9359	542	57	and	and	CCONJ
ajfa-9359	542	58	150	150	NUM
ajfa-9359	542	59	companies	company	NOUN
ajfa-9359	542	60	on	on	ADP
ajfa-9359	542	61	leverage	leverage	NOUN
ajfa-9359	542	62	+	+	X
ajfa-9359	542	63	+	+	CCONJ
ajfa-9359	542	64	asian	asian	ADJ
ajfa-9359	542	65	journal	journal	NOUN
ajfa-9359	542	66	of	of	ADP
ajfa-9359	542	67	finance	finance	PROPN
ajfa-9359	542	68	&	&	CCONJ
ajfa-9359	542	69	accounting	accounting	PROPN
ajfa-9359	542	70	issn	issn	PROPN
ajfa-9359	542	71	1946	1946	NUM
ajfa-9359	542	72	-	-	PUNCT
ajfa-9359	542	73	052x	052x	PROPN
ajfa-9359	542	74	2017	2017	NUM
ajfa-9359	542	75	,	,	PUNCT
ajfa-9359	542	76	vol	vol	NOUN
ajfa-9359	542	77	.	.	NOUN
ajfa-9359	542	78	9	9	NUM
ajfa-9359	542	79	,	,	PUNCT
ajfa-9359	542	80	no	no	INTJ
ajfa-9359	542	81	.	.	NOUN
ajfa-9359	542	82	1	1	NUM
ajfa-9359	542	83	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	542	84	26	26	NUM
ajfa-9359	542	85	determinants	determinant	NOUN
ajfa-9359	542	86	of	of	ADP
ajfa-9359	542	87	capital	capital	NOUN
ajfa-9359	542	88	structure	structure	NOUN
ajfa-9359	542	89	administration	administration	PROPN
ajfa-9359	542	90	amman	amman	PROPN
ajfa-9359	542	91	stock	stock	PROPN
ajfa-9359	542	92	exchange	exchange	PROPN
ajfa-9359	542	93	2michaelas	2michaelas	NUM
ajfa-9359	542	94	et	et	NOUN
ajfa-9359	542	95	al	al	PROPN
ajfa-9359	542	96	.	.	PUNCT
ajfa-9359	543	1	(	(	PUNCT
ajfa-9359	543	2	1999	1999	NUM
ajfa-9359	543	3	)	)	PUNCT
ajfa-9359	543	4	1986	1986	NUM
ajfa-9359	543	5	-	-	SYM
ajfa-9359	543	6	1995	1995	NUM
ajfa-9359	543	7	financial	financial	ADJ
ajfa-9359	543	8	policy	policy	NOUN
ajfa-9359	543	9	and	and	CCONJ
ajfa-9359	543	10	capital	capital	NOUN
ajfa-9359	543	11	structure	structure	NOUN
ajfa-9359	543	12	choice	choice	NOUN
ajfa-9359	543	13	small	small	ADJ
ajfa-9359	543	14	business	business	NOUN
ajfa-9359	543	15	economics	economic	NOUN
ajfa-9359	543	16	3500	3500	NUM
ajfa-9359	543	17	choice	choice	NOUN
ajfa-9359	543	18	in	in	ADP
ajfa-9359	543	19	u.k	u.k	PROPN
ajfa-9359	543	20	.	.	PROPN
ajfa-9359	543	21	smes	smes	PROPN
ajfa-9359	543	22	leverage	leverage	NOUN
ajfa-9359	543	23	+	+	X
ajfa-9359	544	1	+	+	PUNCT
ajfa-9359	545	1	+	+	PUNCT
ajfa-9359	545	2	+	+	CCONJ
ajfa-9359	545	3	*	*	PUNCT
ajfa-9359	545	4	najjar&petrov	najjar&petrov	NUM
ajfa-9359	545	5	(	(	PUNCT
ajfa-9359	545	6	2011	2011	NUM
ajfa-9359	545	7	)	)	PUNCT
ajfa-9359	545	8	2005	2005	NUM
ajfa-9359	545	9	-	-	SYM
ajfa-9359	545	10	2009	2009	NUM
ajfa-9359	545	11	capital	capital	NOUN
ajfa-9359	545	12	structure	structure	NOUN
ajfa-9359	545	13	of	of	ADP
ajfa-9359	545	14	insurance	insurance	NOUN
ajfa-9359	545	15	companies	company	NOUN
ajfa-9359	545	16	in	in	ADP
ajfa-9359	545	17	bahrain	bahrain	PROPN
ajfa-9359	545	18	international	international	ADJ
ajfa-9359	545	19	journal	journal	NOUN
ajfa-9359	545	20	of	of	ADP
ajfa-9359	545	21	business	business	NOUN
ajfa-9359	545	22	and	and	CCONJ
ajfa-9359	545	23	management	management	NOUN
ajfa-9359	545	24	25	25	NUM
ajfa-9359	545	25	insurance	insurance	NOUN
ajfa-9359	545	26	companies	company	NOUN
ajfa-9359	545	27	in	in	ADP
ajfa-9359	545	28	bahrain	bahrain	NOUN
ajfa-9359	545	29	leverage	leverage	NOUN
ajfa-9359	545	30	+	+	NOUN
ajfa-9359	545	31	*	*	PUNCT
ajfa-9359	546	1	+	+	PUNCT
ajfa-9359	546	2	+	+	CCONJ
ajfa-9359	546	3	*	*	PUNCT
ajfa-9359	546	4	*	*	PUNCT
ajfa-9359	546	5	*	*	PUNCT
ajfa-9359	546	6	-	-	PUNCT
ajfa-9359	546	7	*	*	PUNCT
ajfa-9359	546	8	ojah	ojah	PROPN
ajfa-9359	546	9	&	&	CCONJ
ajfa-9359	546	10	manrique	manrique	PROPN
ajfa-9359	546	11	(	(	PUNCT
ajfa-9359	546	12	2005	2005	NUM
ajfa-9359	546	13	)	)	PUNCT
ajfa-9359	546	14	1998	1998	NUM
ajfa-9359	546	15	-	-	SYM
ajfa-9359	546	16	1999	1999	NUM
ajfa-9359	546	17	determinants	determinant	NOUN
ajfa-9359	546	18	of	of	ADP
ajfa-9359	546	19	corporate	corporate	ADJ
ajfa-9359	546	20	debt	debt	NOUN
ajfa-9359	546	21	structure	structure	NOUN
ajfa-9359	546	22	in	in	ADP
ajfa-9359	546	23	a	a	DET
ajfa-9359	546	24	privately	privately	ADV
ajfa-9359	546	25	dominated	dominate	VERB
ajfa-9359	546	26	debt	debt	NOUN
ajfa-9359	546	27	market	market	NOUN
ajfa-9359	546	28	applied	apply	VERB
ajfa-9359	546	29	financial	financial	ADJ
ajfa-9359	546	30	economics	economic	NOUN
ajfa-9359	546	31	spanish	spanish	ADJ
ajfa-9359	546	32	capital	capital	NOUN
ajfa-9359	546	33	market	market	NOUN
ajfa-9359	546	34	leverage	leverage	NOUN
ajfa-9359	546	35	+	+	CCONJ
ajfa-9359	546	36	*	*	PUNCT
ajfa-9359	546	37	*	*	PUNCT
ajfa-9359	546	38	oke	oke	INTJ
ajfa-9359	546	39	m.	m.	NOUN
ajfa-9359	546	40	and	and	CCONJ
ajfa-9359	546	41	obalade	obalade	ADJ
ajfa-9359	546	42	a.(2015	a.(2015	NOUN
ajfa-9359	546	43	)	)	PUNCT
ajfa-9359	546	44	2005	2005	NUM
ajfa-9359	546	45	-	-	SYM
ajfa-9359	546	46	2012	2012	NUM
ajfa-9359	546	47	testing	test	VERB
ajfa-9359	546	48	the	the	DET
ajfa-9359	546	49	validity	validity	NOUN
ajfa-9359	546	50	of	of	ADP
ajfa-9359	546	51	optimal	optimal	ADJ
ajfa-9359	546	52	capital	capital	NOUN
ajfa-9359	546	53	structure	structure	NOUN
ajfa-9359	546	54	theory	theory	PROPN
ajfa-9359	546	55	international	international	PROPN
ajfa-9359	546	56	journal	journal	PROPN
ajfa-9359	546	57	of	of	ADP
ajfa-9359	546	58	economics	economics	PROPN
ajfa-9359	546	59	6	6	NUM
ajfa-9359	546	60	nigerian	nigerian	ADJ
ajfa-9359	546	61	oil	oil	NOUN
ajfa-9359	546	62	industry	industry	NOUN
ajfa-9359	546	63	leverage	leverage	NOUN
ajfa-9359	546	64	+	+	CCONJ
ajfa-9359	546	65	*	*	PUNCT
ajfa-9359	546	66	*	*	PUNCT
ajfa-9359	546	67	*	*	PUNCT
ajfa-9359	547	1	*	*	PUNCT
ajfa-9359	547	2	*	*	PUNCT
ajfa-9359	547	3	ozkan	ozkan	X
ajfa-9359	547	4	(	(	PUNCT
ajfa-9359	547	5	2001	2001	NUM
ajfa-9359	547	6	)	)	PUNCT
ajfa-9359	547	7	1984	1984	NUM
ajfa-9359	547	8	-	-	SYM
ajfa-9359	547	9	1996	1996	NUM
ajfa-9359	547	10	determines	determine	VERB
ajfa-9359	547	11	target	target	NOUN
ajfa-9359	547	12	capital	capital	NOUN
ajfa-9359	547	13	structure	structure	NOUN
ajfa-9359	547	14	journal	journal	NOUN
ajfa-9359	547	15	of	of	ADP
ajfa-9359	547	16	business	business	NOUN
ajfa-9359	547	17	finance	finance	NOUN
ajfa-9359	547	18	and	and	CCONJ
ajfa-9359	547	19	accounting	account	VERB
ajfa-9359	547	20	390	390	NUM
ajfa-9359	547	21	non	non	ADJ
ajfa-9359	547	22	-	-	ADJ
ajfa-9359	547	23	financial	financial	ADJ
ajfa-9359	547	24	uk	uk	PROPN
ajfa-9359	547	25	companies	company	NOUN
ajfa-9359	547	26	total	total	VERB
ajfa-9359	547	27	debt	debt	NOUN
ajfa-9359	547	28	*	*	PUNCT
ajfa-9359	548	1	*	*	PUNCT
ajfa-9359	548	2	*	*	PUNCT
ajfa-9359	548	3	*	*	PUNCT
ajfa-9359	549	1	+	+	PUNCT
ajfa-9359	549	2	*	*	PUNCT
ajfa-9359	549	3	*	*	PUNCT
ajfa-9359	549	4	*	*	PUNCT
ajfa-9359	549	5	*	*	PUNCT
ajfa-9359	549	6	*	*	PUNCT
ajfa-9359	549	7	*	*	PUNCT
ajfa-9359	549	8	psillaki	psillaki	NOUN
ajfa-9359	549	9	and	and	CCONJ
ajfa-9359	549	10	daskalakis	daskalaki	NOUN
ajfa-9359	549	11	(	(	PUNCT
ajfa-9359	549	12	2008	2008	NUM
ajfa-9359	549	13	)	)	PUNCT
ajfa-9359	549	14	1998	1998	NUM
ajfa-9359	549	15	-	-	SYM
ajfa-9359	549	16	2002	2002	NUM
ajfa-9359	549	17	are	be	AUX
ajfa-9359	549	18	the	the	DET
ajfa-9359	549	19	determinants	determinant	NOUN
ajfa-9359	549	20	of	of	ADP
ajfa-9359	549	21	capital	capital	NOUN
ajfa-9359	549	22	structure	structure	NOUN
ajfa-9359	549	23	country	country	NOUN
ajfa-9359	549	24	or	or	CCONJ
ajfa-9359	549	25	firm	firm	ADJ
ajfa-9359	549	26	specific	specific	ADJ
ajfa-9359	549	27	?	?	PUNCT
ajfa-9359	550	1	small	small	ADJ
ajfa-9359	550	2	business	business	NOUN
ajfa-9359	550	3	economics	economic	NOUN
ajfa-9359	550	4	,	,	PUNCT
ajfa-9359	550	5	springer	springer	NOUN
ajfa-9359	550	6	3630	3630	NUM
ajfa-9359	550	7	smes	sme	NOUN
ajfa-9359	550	8	from	from	ADP
ajfa-9359	550	9	greece	greece	PROPN
ajfa-9359	550	10	,	,	PUNCT
ajfa-9359	550	11	france	france	PROPN
ajfa-9359	550	12	,	,	PUNCT
ajfa-9359	550	13	italy	italy	PROPN
ajfa-9359	550	14	and	and	CCONJ
ajfa-9359	550	15	portugal	portugal	PROPN
ajfa-9359	550	16	leverage	leverage	NOUN
ajfa-9359	550	17	*	*	PUNCT
ajfa-9359	551	1	*	*	PUNCT
ajfa-9359	551	2	*	*	PUNCT
ajfa-9359	551	3	except	except	SCONJ
ajfa-9359	551	4	in	in	ADP
ajfa-9359	551	5	portugal	portugal	PROPN
ajfa-9359	551	6	(	(	PUNCT
ajfa-9359	551	7	+	+	NOUN
ajfa-9359	551	8	)	)	PUNCT
ajfa-9359	551	9	*	*	PUNCT
ajfa-9359	551	10	*	*	PUNCT
ajfa-9359	551	11	*	*	PUNCT
ajfa-9359	551	12	greece	greece	PROPN
ajfa-9359	551	13	,	,	PUNCT
ajfa-9359	551	14	france	france	PROPN
ajfa-9359	551	15	,	,	PUNCT
ajfa-9359	551	16	italy	italy	PROPN
ajfa-9359	551	17	portugal	portugal	PROPN
ajfa-9359	551	18	greece	greece	PROPN
ajfa-9359	551	19	,	,	PUNCT
ajfa-9359	551	20	france	france	PROPN
ajfa-9359	551	21	,	,	PUNCT
ajfa-9359	551	22	italy	italy	PROPN
ajfa-9359	551	23	and	and	CCONJ
ajfa-9359	551	24	portugal	portugal	PROPN
ajfa-9359	551	25	+	+	CCONJ
ajfa-9359	551	26	*	*	PUNCT
ajfa-9359	551	27	*	*	PUNCT
ajfa-9359	551	28	*	*	PUNCT
ajfa-9359	551	29	greece	greece	PROPN
ajfa-9359	551	30	+	+	PROPN
ajfa-9359	551	31	*	*	PUNCT
ajfa-9359	551	32	*	*	PUNCT
ajfa-9359	551	33	portugal	portugal	PROPN
ajfa-9359	551	34	+	+	CCONJ
ajfa-9359	551	35	*	*	PUNCT
ajfa-9359	551	36	france	france	PROPN
ajfa-9359	551	37	+	+	CCONJ
ajfa-9359	551	38	italy	italy	PROPN
ajfa-9359	551	39	ragan	ragan	NOUN
ajfa-9359	551	40	and	and	CCONJ
ajfa-9359	551	41	zingales	zingale	NOUN
ajfa-9359	551	42	(	(	PUNCT
ajfa-9359	551	43	1995	1995	NUM
ajfa-9359	551	44	)	)	PUNCT
ajfa-9359	551	45	1987	1987	NUM
ajfa-9359	551	46	-	-	SYM
ajfa-9359	551	47	1991	1991	NUM
ajfa-9359	551	48	tests	test	NOUN
ajfa-9359	551	49	wither	wither	VERB
ajfa-9359	551	50	capital	capital	NOUN
ajfa-9359	551	51	structure	structure	NOUN
ajfa-9359	551	52	of	of	ADP
ajfa-9359	551	53	the	the	DET
ajfa-9359	551	54	g7	g7	PROPN
ajfa-9359	551	55	(	(	PUNCT
ajfa-9359	551	56	uk	uk	PROPN
ajfa-9359	551	57	,	,	PUNCT
ajfa-9359	551	58	us	we	PRON
ajfa-9359	551	59	,	,	PUNCT
ajfa-9359	551	60	japan	japan	PROPN
ajfa-9359	551	61	,	,	PUNCT
ajfa-9359	551	62	france	france	PROPN
ajfa-9359	551	63	,	,	PUNCT
ajfa-9359	551	64	canada	canada	PROPN
ajfa-9359	551	65	,	,	PUNCT
ajfa-9359	551	66	germany	germany	PROPN
ajfa-9359	551	67	,	,	PUNCT
ajfa-9359	551	68	italy	italy	PROPN
ajfa-9359	551	69	)	)	PUNCT
ajfa-9359	551	70	is	be	AUX
ajfa-9359	551	71	affected	affect	VERB
ajfa-9359	551	72	by	by	ADP
ajfa-9359	551	73	the	the	DET
ajfa-9359	551	74	same	same	ADJ
ajfa-9359	551	75	factors	factor	NOUN
ajfa-9359	551	76	as	as	SCONJ
ajfa-9359	551	77	us	us	PROPN
ajfa-9359	551	78	firms	firm	NOUN
ajfa-9359	551	79	journal	journal	PROPN
ajfa-9359	551	80	of	of	ADP
ajfa-9359	551	81	finance	finance	NOUN
ajfa-9359	551	82	g-7	g-7	NOUN
ajfa-9359	551	83	countries	country	NOUN
ajfa-9359	551	84	(	(	PUNCT
ajfa-9359	551	85	uk	uk	PROPN
ajfa-9359	551	86	,	,	PUNCT
ajfa-9359	551	87	us	we	PRON
ajfa-9359	551	88	,	,	PUNCT
ajfa-9359	551	89	japan	japan	PROPN
ajfa-9359	551	90	,	,	PUNCT
ajfa-9359	551	91	germany	germany	PROPN
ajfa-9359	551	92	,	,	PUNCT
ajfa-9359	551	93	france	france	PROPN
ajfa-9359	551	94	,	,	PUNCT
ajfa-9359	551	95	italy	italy	PROPN
ajfa-9359	551	96	and	and	CCONJ
ajfa-9359	551	97	canada	canada	PROPN
ajfa-9359	551	98	)	)	PUNCT
ajfa-9359	551	99	leverage	leverage	NOUN
ajfa-9359	551	100	+	+	NOUN
ajfa-9359	551	101	*	*	PUNCT
ajfa-9359	551	102	*	*	PUNCT
ajfa-9359	551	103	*	*	PUNCT
ajfa-9359	551	104	uk	uk	PROPN
ajfa-9359	551	105	,	,	PUNCT
ajfa-9359	551	106	us	we	PRON
ajfa-9359	551	107	,	,	PUNCT
ajfa-9359	551	108	japan	japan	PROPN
ajfa-9359	551	109	,	,	PUNCT
ajfa-9359	551	110	france	france	PROPN
ajfa-9359	551	111	,	,	PUNCT
ajfa-9359	551	112	canada	canada	PROPN
ajfa-9359	551	113	+	+	CCONJ
ajfa-9359	551	114	*	*	PUNCT
ajfa-9359	551	115	*	*	PUNCT
ajfa-9359	551	116	germany	germany	PROPN
ajfa-9359	551	117	*	*	PUNCT
ajfa-9359	552	1	*	*	PUNCT
ajfa-9359	552	2	*	*	PUNCT
ajfa-9359	552	3	us	us	PROPN
ajfa-9359	552	4	,	,	PUNCT
ajfa-9359	552	5	japan	japan	PROPN
ajfa-9359	552	6	*	*	PUNCT
ajfa-9359	552	7	*	*	PUNCT
ajfa-9359	552	8	canada	canada	PROPN
ajfa-9359	552	9	*	*	PUNCT
ajfa-9359	552	10	*	*	PUNCT
ajfa-9359	552	11	*	*	PUNCT
ajfa-9359	552	12	uk	uk	PROPN
ajfa-9359	552	13	,	,	PUNCT
ajfa-9359	552	14	us	we	PRON
ajfa-9359	552	15	,	,	PUNCT
ajfa-9359	552	16	france	france	PROPN
ajfa-9359	552	17	,	,	PUNCT
ajfa-9359	552	18	canada	canada	PROPN
ajfa-9359	552	19	*	*	PUNCT
ajfa-9359	552	20	*	*	PUNCT
ajfa-9359	552	21	france	france	PROPN
ajfa-9359	552	22	+	+	CCONJ
ajfa-9359	552	23	except	except	SCONJ
ajfa-9359	552	24	in	in	ADP
ajfa-9359	552	25	germany	germany	PROPN
ajfa-9359	552	26	(	(	PUNCT
ajfa-9359	552	27	-	-	PUNCT
ajfa-9359	552	28	)	)	PUNCT
ajfa-9359	552	29	+	+	NOUN
ajfa-9359	552	30	*	*	PUNCT
ajfa-9359	552	31	*	*	PUNCT
ajfa-9359	552	32	*	*	PUNCT
ajfa-9359	552	33	us	us	PROPN
ajfa-9359	552	34	,	,	PUNCT
ajfa-9359	552	35	japan	japan	PROPN
ajfa-9359	552	36	,	,	PUNCT
ajfa-9359	552	37	germany	germany	PROPN
ajfa-9359	552	38	,	,	PUNCT
ajfa-9359	552	39	uk	uk	PROPN
ajfa-9359	552	40	,	,	PUNCT
ajfa-9359	552	41	canada	canada	PROPN
ajfa-9359	552	42	author	author	PROPN
ajfa-9359	552	43	data	data	PROPN
ajfa-9359	552	44	focus	focus	PROPN
ajfa-9359	552	45	journal	journal	PROPN
ajfa-9359	552	46	sample	sample	NOUN
ajfa-9359	552	47	dependent	dependent	ADJ
ajfa-9359	552	48	1	1	NUM
ajfa-9359	552	49	sign	sign	NOUN
ajfa-9359	552	50	of	of	ADP
ajfa-9359	552	51	determinants	determinant	NOUN
ajfa-9359	552	52	of	of	ADP
ajfa-9359	552	53	capital	capital	NOUN
ajfa-9359	552	54	structure	structure	NOUN
ajfa-9359	552	55	asian	asian	PROPN
ajfa-9359	552	56	journal	journal	PROPN
ajfa-9359	552	57	of	of	ADP
ajfa-9359	552	58	finance	finance	PROPN
ajfa-9359	552	59	&	&	CCONJ
ajfa-9359	552	60	accounting	accounting	PROPN
ajfa-9359	552	61	issn	issn	PROPN
ajfa-9359	552	62	1946	1946	NUM
ajfa-9359	552	63	-	-	PUNCT
ajfa-9359	552	64	052x	052x	PROPN
ajfa-9359	552	65	2017	2017	NUM
ajfa-9359	552	66	,	,	PUNCT
ajfa-9359	552	67	vol	vol	NOUN
ajfa-9359	552	68	.	.	NOUN
ajfa-9359	552	69	9	9	NUM
ajfa-9359	552	70	,	,	PUNCT
ajfa-9359	552	71	no	no	INTJ
ajfa-9359	552	72	.	.	NOUN
ajfa-9359	552	73	1	1	NUM
ajfa-9359	552	74	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	552	75	27	27	NUM
ajfa-9359	552	76	period	period	NOUN
ajfa-9359	552	77	variables	variable	NOUN
ajfa-9359	552	78	tang	tang	PROPN
ajfa-9359	552	79	prof	prof	PROPN
ajfa-9359	552	80	grow	grow	VERB
ajfa-9359	552	81	size	size	NOUN
ajfa-9359	552	82	liq	liq	NOUN
ajfa-9359	552	83	ndts	ndts	VERB
ajfa-9359	552	84	2song	2song	NUM
ajfa-9359	552	85	(	(	PUNCT
ajfa-9359	552	86	2005	2005	NUM
ajfa-9359	552	87	)	)	PUNCT
ajfa-9359	552	88	1992	1992	NUM
ajfa-9359	552	89	-	-	SYM
ajfa-9359	552	90	2000	2000	NUM
ajfa-9359	552	91	this	this	DET
ajfa-9359	552	92	study	study	NOUN
ajfa-9359	552	93	investigates	investigate	VERB
ajfa-9359	552	94	capital	capital	NOUN
ajfa-9359	552	95	structure	structure	NOUN
ajfa-9359	552	96	determinants	determinant	VERB
ajfa-9359	552	97	the	the	DET
ajfa-9359	552	98	royal	royal	PROPN
ajfa-9359	552	99	institute	institute	PROPN
ajfa-9359	552	100	of	of	ADP
ajfa-9359	552	101	technology	technology	PROPN
ajfa-9359	552	102	centre	centre	PROPN
ajfa-9359	552	103	6000	6000	NUM
ajfa-9359	552	104	swedish	swedish	ADJ
ajfa-9359	552	105	companies	company	NOUN
ajfa-9359	552	106	leverage	leverage	VERB
ajfa-9359	552	107	+	+	CCONJ
ajfa-9359	552	108	*	*	PUNCT
ajfa-9359	552	109	*	*	PUNCT
ajfa-9359	552	110	*	*	PUNCT
ajfa-9359	553	1	*	*	PUNCT
ajfa-9359	553	2	*	*	PUNCT
ajfa-9359	553	3	*	*	PUNCT
ajfa-9359	554	1	*	*	PUNCT
ajfa-9359	554	2	*	*	PUNCT
ajfa-9359	554	3	*	*	PUNCT
ajfa-9359	555	1	+	+	PUNCT
ajfa-9359	555	2	*	*	PUNCT
ajfa-9359	555	3	*	*	PUNCT
ajfa-9359	555	4	*	*	PUNCT
ajfa-9359	555	5	*	*	PUNCT
ajfa-9359	555	6	*	*	PUNCT
ajfa-9359	555	7	sritharan	sritharan	ADJ
ajfa-9359	555	8	,	,	PUNCT
ajfa-9359	555	9	v	v	NOUN
ajfa-9359	555	10	(	(	PUNCT
ajfa-9359	555	11	2014	2014	NUM
ajfa-9359	555	12	)	)	PUNCT
ajfa-9359	555	13	.	.	PUNCT
ajfa-9359	556	1	2008	2008	NUM
ajfa-9359	556	2	-	-	SYM
ajfa-9359	556	3	2012	2012	NUM
ajfa-9359	556	4	investigate	investigate	VERB
ajfa-9359	556	5	what	what	PRON
ajfa-9359	556	6	are	be	AUX
ajfa-9359	556	7	the	the	DET
ajfa-9359	556	8	determinants	determinant	NOUN
ajfa-9359	556	9	of	of	ADP
ajfa-9359	556	10	capital	capital	NOUN
ajfa-9359	556	11	structure	structure	NOUN
ajfa-9359	556	12	international	international	PROPN
ajfa-9359	556	13	journal	journal	PROPN
ajfa-9359	556	14	of	of	ADP
ajfa-9359	556	15	economics	economics	PROPN
ajfa-9359	556	16	28	28	NUM
ajfa-9359	556	17	colombo	colombo	PROPN
ajfa-9359	556	18	stock	stock	NOUN
ajfa-9359	556	19	exchange	exchange	NOUN
ajfa-9359	556	20	in	in	ADP
ajfa-9359	556	21	srilanka	srilanka	PROPN
ajfa-9359	556	22	leverage	leverage	PROPN
ajfa-9359	556	23	+	+	CCONJ
ajfa-9359	557	1	+	+	NUM
ajfa-9359	557	2	2titman	2titman	NUM
ajfa-9359	557	3	and	and	CCONJ
ajfa-9359	557	4	wessels	wessels	PROPN
ajfa-9359	557	5	(	(	PUNCT
ajfa-9359	557	6	1988	1988	NUM
ajfa-9359	557	7	)	)	PUNCT
ajfa-9359	557	8	1974	1974	NUM
ajfa-9359	557	9	-	-	SYM
ajfa-9359	557	10	1982	1982	NUM
ajfa-9359	557	11	investigate	investigate	VERB
ajfa-9359	557	12	what	what	PRON
ajfa-9359	557	13	are	be	AUX
ajfa-9359	557	14	the	the	DET
ajfa-9359	557	15	determinants	determinant	NOUN
ajfa-9359	557	16	of	of	ADP
ajfa-9359	557	17	capital	capital	NOUN
ajfa-9359	557	18	structure	structure	NOUN
ajfa-9359	557	19	journal	journal	NOUN
ajfa-9359	557	20	of	of	ADP
ajfa-9359	557	21	finance	finance	PROPN
ajfa-9359	557	22	469	469	NUM
ajfa-9359	557	23	us	us	PROPN
ajfa-9359	557	24	firms	firm	NOUN
ajfa-9359	557	25	long	long	ADJ
ajfa-9359	557	26	term	term	NOUN
ajfa-9359	557	27	debt	debt	NOUN
ajfa-9359	557	28	,	,	PUNCT
ajfa-9359	557	29	short	short	ADJ
ajfa-9359	557	30	-	-	PUNCT
ajfa-9359	557	31	term	term	NOUN
ajfa-9359	557	32	debt	debt	NOUN
ajfa-9359	557	33	and	and	CCONJ
ajfa-9359	557	34	convertible	convertible	ADJ
ajfa-9359	557	35	debt	debt	NOUN
ajfa-9359	557	36	+	+	CCONJ
ajfa-9359	557	37	2upneja	2upneja	NUM
ajfa-9359	557	38	a.	a.	NOUN
ajfa-9359	557	39	and	and	CCONJ
ajfa-9359	557	40	dalbor	dalbor	PROPN
ajfa-9359	557	41	m.c	m.c	PROPN
ajfa-9359	557	42	.	.	PROPN
ajfa-9359	557	43	(	(	PUNCT
ajfa-9359	557	44	2001	2001	NUM
ajfa-9359	557	45	)	)	PUNCT
ajfa-9359	557	46	.	.	PUNCT
ajfa-9359	558	1	1991	1991	NUM
ajfa-9359	558	2	-	-	SYM
ajfa-9359	558	3	1998	1998	NUM
ajfa-9359	558	4	an	an	DET
ajfa-9359	558	5	examination	examination	NOUN
ajfa-9359	558	6	of	of	ADP
ajfa-9359	558	7	capital	capital	NOUN
ajfa-9359	558	8	structure	structure	NOUN
ajfa-9359	558	9	in	in	ADP
ajfa-9359	558	10	the	the	DET
ajfa-9359	558	11	restaurant	restaurant	NOUN
ajfa-9359	558	12	industry	industry	NOUN
ajfa-9359	558	13	international	international	ADJ
ajfa-9359	558	14	journal	journal	PROPN
ajfa-9359	558	15	of	of	ADP
ajfa-9359	558	16	contemporary	contemporary	PROPN
ajfa-9359	558	17	hospitality	hospitality	PROPN
ajfa-9359	558	18	management	management	PROPN
ajfa-9359	558	19	393	393	NUM
ajfa-9359	558	20	restaurant	restaurant	NOUN
ajfa-9359	558	21	firms	firm	NOUN
ajfa-9359	558	22	listed	list	VERB
ajfa-9359	558	23	on	on	ADP
ajfa-9359	558	24	the	the	DET
ajfa-9359	558	25	stock	stock	NOUN
ajfa-9359	558	26	exchange	exchange	PROPN
ajfa-9359	558	27	classification	classification	NOUN
ajfa-9359	558	28	code	code	NOUN
ajfa-9359	558	29	of	of	ADP
ajfa-9359	558	30	5812	5812	NUM
ajfa-9359	558	31	leverage	leverage	NOUN
ajfa-9359	558	32	wald	wald	X
ajfa-9359	558	33	(	(	PUNCT
ajfa-9359	558	34	1999	1999	NUM
ajfa-9359	558	35	)	)	PUNCT
ajfa-9359	558	36	1991	1991	NUM
ajfa-9359	558	37	-	-	SYM
ajfa-9359	558	38	1992	1992	NUM
ajfa-9359	558	39	investigates	investigate	VERB
ajfa-9359	558	40	the	the	DET
ajfa-9359	558	41	factors	factor	NOUN
ajfa-9359	558	42	affecting	affect	VERB
ajfa-9359	558	43	the	the	DET
ajfa-9359	558	44	capital	capital	NOUN
ajfa-9359	558	45	structure	structure	NOUN
ajfa-9359	558	46	journal	journal	NOUN
ajfa-9359	558	47	of	of	ADP
ajfa-9359	558	48	finance	finance	PROPN
ajfa-9359	558	49	research	research	NOUN
ajfa-9359	558	50	4404	4404	NUM
ajfa-9359	558	51	french	french	NOUN
ajfa-9359	558	52	,	,	PUNCT
ajfa-9359	558	53	german	german	NOUN
ajfa-9359	558	54	,	,	PUNCT
ajfa-9359	558	55	uk	uk	PROPN
ajfa-9359	558	56	and	and	CCONJ
ajfa-9359	558	57	japanese	japanese	ADJ
ajfa-9359	558	58	companies	company	NOUN
ajfa-9359	558	59	leverage	leverage	VERB
ajfa-9359	558	60	uk	uk	PROPN
ajfa-9359	558	61	,	,	PUNCT
ajfa-9359	558	62	us	we	PRON
ajfa-9359	558	63	,	,	PUNCT
ajfa-9359	558	64	japan	japan	PROPN
ajfa-9359	558	65	,	,	PUNCT
ajfa-9359	558	66	france	france	PROPN
ajfa-9359	558	67	germany	germany	PROPN
ajfa-9359	558	68	uk	uk	PROPN
ajfa-9359	558	69	,	,	PUNCT
ajfa-9359	558	70	us	we	PRON
ajfa-9359	558	71	,	,	PUNCT
ajfa-9359	558	72	japan	japan	PROPN
ajfa-9359	558	73	,	,	PUNCT
ajfa-9359	558	74	france	france	PROPN
ajfa-9359	558	75	+	+	CCONJ
ajfa-9359	558	76	germany	germany	PROPN
ajfa-9359	558	77	+	+	CCONJ
ajfa-9359	558	78	uk	uk	PROPN
ajfa-9359	558	79	,	,	PUNCT
ajfa-9359	558	80	us	we	PRON
ajfa-9359	558	81	,	,	PUNCT
ajfa-9359	558	82	japan	japan	PROPN
ajfa-9359	558	83	germany	germany	PROPN
ajfa-9359	558	84	,	,	PUNCT
ajfa-9359	558	85	france	france	PROPN
ajfa-9359	558	86	uk	uk	PROPN
ajfa-9359	558	87	,	,	PUNCT
ajfa-9359	558	88	us	we	PRON
ajfa-9359	558	89	,	,	PUNCT
ajfa-9359	558	90	japan	japan	PROPN
ajfa-9359	558	91	,	,	PUNCT
ajfa-9359	558	92	france	france	PROPN
ajfa-9359	558	93	germany	germany	PROPN
ajfa-9359	558	94	note	note	VERB
ajfa-9359	558	95	:	:	PUNCT
ajfa-9359	558	96	*	*	PUNCT
ajfa-9359	558	97	*	*	PUNCT
ajfa-9359	558	98	*	*	PUNCT
ajfa-9359	558	99	,	,	PUNCT
ajfa-9359	558	100	*	*	PUNCT
ajfa-9359	558	101	*	*	PUNCT
ajfa-9359	558	102	,	,	PUNCT
ajfa-9359	558	103	and	and	CCONJ
ajfa-9359	558	104	*	*	AUX
ajfa-9359	558	105	mean	mean	VERB
ajfa-9359	558	106	statistically	statistically	ADV
ajfa-9359	558	107	different	different	ADJ
ajfa-9359	558	108	from	from	ADP
ajfa-9359	558	109	zero	zero	NUM
ajfa-9359	558	110	at	at	ADP
ajfa-9359	558	111	the	the	DET
ajfa-9359	558	112	1	1	NUM
ajfa-9359	558	113	%	%	NOUN
ajfa-9359	558	114	,	,	PUNCT
ajfa-9359	558	115	5	5	NUM
ajfa-9359	558	116	%	%	NOUN
ajfa-9359	558	117	and	and	CCONJ
ajfa-9359	558	118	10	10	NUM
ajfa-9359	558	119	%	%	NOUN
ajfa-9359	558	120	level	level	NOUN
ajfa-9359	558	121	,	,	PUNCT
ajfa-9359	558	122	respectively	respectively	ADV
ajfa-9359	558	123	1even	1even	NUM
ajfa-9359	558	124	there	there	PRON
ajfa-9359	558	125	are	be	VERB
ajfa-9359	558	126	many	many	ADJ
ajfa-9359	558	127	variables	variable	NOUN
ajfa-9359	558	128	have	have	AUX
ajfa-9359	558	129	been	be	AUX
ajfa-9359	558	130	investigated	investigate	VERB
ajfa-9359	558	131	in	in	ADP
ajfa-9359	558	132	the	the	DET
ajfa-9359	558	133	literature	literature	NOUN
ajfa-9359	558	134	,	,	PUNCT
ajfa-9359	558	135	this	this	DET
ajfa-9359	558	136	study	study	NOUN
ajfa-9359	558	137	selects	select	VERB
ajfa-9359	558	138	only	only	ADV
ajfa-9359	558	139	seven	seven	NUM
ajfa-9359	558	140	variables	variable	NOUN
ajfa-9359	558	141	which	which	PRON
ajfa-9359	558	142	are	be	AUX
ajfa-9359	558	143	tangibility	tangibility	NOUN
ajfa-9359	558	144	(	(	PUNCT
ajfa-9359	558	145	tang	tang	PROPN
ajfa-9359	558	146	)	)	PUNCT
ajfa-9359	558	147	,	,	PUNCT
ajfa-9359	558	148	profitability	profitability	NOUN
ajfa-9359	558	149	(	(	PUNCT
ajfa-9359	558	150	prof	prof	NOUN
ajfa-9359	558	151	)	)	PUNCT
ajfa-9359	558	152	,	,	PUNCT
ajfa-9359	558	153	growth	growth	NOUN
ajfa-9359	558	154	(	(	PUNCT
ajfa-9359	558	155	grow	grow	VERB
ajfa-9359	558	156	)	)	PUNCT
ajfa-9359	558	157	,	,	PUNCT
ajfa-9359	558	158	size	size	NOUN
ajfa-9359	558	159	(	(	PUNCT
ajfa-9359	558	160	size	size	NOUN
ajfa-9359	558	161	)	)	PUNCT
ajfa-9359	558	162	,	,	PUNCT
ajfa-9359	558	163	liquidity	liquidity	NOUN
ajfa-9359	558	164	(	(	PUNCT
ajfa-9359	558	165	liq	liq	NOUN
ajfa-9359	558	166	)	)	PUNCT
ajfa-9359	558	167	and	and	CCONJ
ajfa-9359	558	168	non	non	ADJ
ajfa-9359	558	169	debt	debt	NOUN
ajfa-9359	558	170	tax	tax	NOUN
ajfa-9359	558	171	shield	shield	NOUN
ajfa-9359	558	172	(	(	PUNCT
ajfa-9359	558	173	ndts	ndts	NOUN
ajfa-9359	558	174	)	)	PUNCT
ajfa-9359	558	175	.	.	PUNCT
ajfa-9359	559	1	2these	2these	NUM
ajfa-9359	559	2	studies	study	NOUN
ajfa-9359	559	3	use	use	VERB
ajfa-9359	559	4	more	more	ADJ
ajfa-9359	559	5	than	than	ADP
ajfa-9359	559	6	one	one	NUM
ajfa-9359	559	7	model	model	NOUN
ajfa-9359	559	8	to	to	PART
ajfa-9359	559	9	measure	measure	VERB
ajfa-9359	559	10	leverage	leverage	NOUN
ajfa-9359	559	11	.	.	PUNCT
ajfa-9359	560	1	however	however	ADV
ajfa-9359	560	2	,	,	PUNCT
ajfa-9359	560	3	their	their	PRON
ajfa-9359	560	4	result	result	NOUN
ajfa-9359	560	5	that	that	PRON
ajfa-9359	560	6	are	be	AUX
ajfa-9359	560	7	mentioned	mention	VERB
ajfa-9359	560	8	in	in	ADP
ajfa-9359	560	9	this	this	DET
ajfa-9359	560	10	table	table	NOUN
ajfa-9359	560	11	are	be	AUX
ajfa-9359	560	12	suitable	suitable	ADJ
ajfa-9359	560	13	to	to	ADP
ajfa-9359	560	14	this	this	DET
ajfa-9359	560	15	study	study	NOUN
ajfa-9359	560	16	since	since	SCONJ
ajfa-9359	560	17	they	they	PRON
ajfa-9359	560	18	are	be	AUX
ajfa-9359	560	19	resulted	result	VERB
ajfa-9359	560	20	from	from	ADP
ajfa-9359	560	21	applying	apply	VERB
ajfa-9359	560	22	the	the	DET
ajfa-9359	560	23	same	same	ADJ
ajfa-9359	560	24	model	model	NOUN
ajfa-9359	560	25	that	that	SCONJ
ajfa-9359	560	26	this	this	DET
ajfa-9359	560	27	study	study	NOUN
ajfa-9359	560	28	applies	apply	VERB
ajfa-9359	560	29	to	to	PART
ajfa-9359	560	30	measure	measure	VERB
ajfa-9359	560	31	leverage	leverage	NOUN
ajfa-9359	560	32	which	which	PRON
ajfa-9359	560	33	is	be	AUX
ajfa-9359	560	34	the	the	DET
ajfa-9359	560	35	one	one	NOUN
ajfa-9359	560	36	that	that	PRON
ajfa-9359	560	37	defined	define	VERB
ajfa-9359	560	38	as	as	ADP
ajfa-9359	560	39	the	the	DET
ajfa-9359	560	40	ratio	ratio	NOUN
ajfa-9359	560	41	of	of	ADP
ajfa-9359	560	42	total	total	ADJ
ajfa-9359	560	43	debt	debt	NOUN
ajfa-9359	560	44	to	to	ADP
ajfa-9359	560	45	book	book	NOUN
ajfa-9359	560	46	value	value	NOUN
ajfa-9359	560	47	of	of	ADP
ajfa-9359	560	48	total	total	ADJ
ajfa-9359	560	49	assets	asset	NOUN
ajfa-9359	560	50	asian	asian	ADJ
ajfa-9359	560	51	journal	journal	NOUN
ajfa-9359	560	52	of	of	ADP
ajfa-9359	560	53	finance	finance	PROPN
ajfa-9359	560	54	&	&	CCONJ
ajfa-9359	560	55	accounting	accounting	PROPN
ajfa-9359	560	56	issn	issn	PROPN
ajfa-9359	560	57	1946	1946	NUM
ajfa-9359	560	58	-	-	PUNCT
ajfa-9359	560	59	052x	052x	PROPN
ajfa-9359	560	60	2017	2017	NUM
ajfa-9359	560	61	,	,	PUNCT
ajfa-9359	560	62	vol	vol	NOUN
ajfa-9359	560	63	.	.	NOUN
ajfa-9359	560	64	9	9	NUM
ajfa-9359	560	65	,	,	PUNCT
ajfa-9359	560	66	no	no	INTJ
ajfa-9359	560	67	.	.	NOUN
ajfa-9359	560	68	1	1	NUM
ajfa-9359	560	69	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	560	70	28	28	NUM
ajfa-9359	560	71	table	table	NOUN
ajfa-9359	560	72	3.1	3.1	NUM
ajfa-9359	560	73	.	.	PUNCT
ajfa-9359	561	1	the	the	DET
ajfa-9359	561	2	distribution	distribution	NOUN
ajfa-9359	561	3	of	of	ADP
ajfa-9359	561	4	oil	oil	NOUN
ajfa-9359	561	5	and	and	CCONJ
ajfa-9359	561	6	gas	gas	NOUN
ajfa-9359	561	7	firms	firm	NOUN
ajfa-9359	561	8	according	accord	VERB
ajfa-9359	561	9	to	to	ADP
ajfa-9359	561	10	region	region	NOUN
ajfa-9359	561	11	category	category	NOUN
ajfa-9359	561	12	number	number	NOUN
ajfa-9359	561	13	of	of	ADP
ajfa-9359	561	14	companies	company	NOUN
ajfa-9359	561	15	oceania	oceania	PROPN
ajfa-9359	561	16	57	57	NUM
ajfa-9359	561	17	europe	europe	PROPN
ajfa-9359	561	18	74	74	NUM
ajfa-9359	561	19	russia	russia	PROPN
ajfa-9359	561	20	12	12	NUM
ajfa-9359	561	21	asia	asia	PROPN
ajfa-9359	561	22	81	81	NUM
ajfa-9359	561	23	south	south	PROPN
ajfa-9359	561	24	america	america	PROPN
ajfa-9359	561	25	12	12	NUM
ajfa-9359	561	26	africa	africa	PROPN
ajfa-9359	561	27	9	9	NUM
ajfa-9359	561	28	the	the	DET
ajfa-9359	561	29	united	united	PROPN
ajfa-9359	561	30	state	state	PROPN
ajfa-9359	561	31	83	83	NUM
ajfa-9359	561	32	the	the	DET
ajfa-9359	561	33	united	united	PROPN
ajfa-9359	561	34	kingdom	kingdom	PROPN
ajfa-9359	561	35	18	18	NUM
ajfa-9359	561	36	total	total	ADJ
ajfa-9359	561	37	346	346	NUM
ajfa-9359	561	38	table	table	NOUN
ajfa-9359	561	39	3.2	3.2	NUM
ajfa-9359	561	40	.	.	PUNCT
ajfa-9359	562	1	summary	summary	NOUN
ajfa-9359	562	2	of	of	ADP
ajfa-9359	562	3	variables	variable	NOUN
ajfa-9359	562	4	,	,	PUNCT
ajfa-9359	562	5	proxy	proxy	NOUN
ajfa-9359	562	6	and	and	CCONJ
ajfa-9359	562	7	references	reference	NOUN
ajfa-9359	562	8	variables	variable	NOUN
ajfa-9359	562	9	proxy	proxy	ADJ
ajfa-9359	562	10	references	reference	NOUN
ajfa-9359	562	11	dependent	dependent	ADJ
ajfa-9359	562	12	variable	variable	ADJ
ajfa-9359	562	13	leverage	leverage	NOUN
ajfa-9359	562	14	ratio	ratio	NOUN
ajfa-9359	562	15	of	of	ADP
ajfa-9359	562	16	total	total	ADJ
ajfa-9359	562	17	debt	debt	NOUN
ajfa-9359	562	18	to	to	ADP
ajfa-9359	562	19	book	book	NOUN
ajfa-9359	562	20	value	value	NOUN
ajfa-9359	562	21	of	of	ADP
ajfa-9359	562	22	total	total	ADJ
ajfa-9359	562	23	assets	asset	NOUN
ajfa-9359	562	24	ozkan	ozkan	NOUN
ajfa-9359	562	25	(	(	PUNCT
ajfa-9359	562	26	2001	2001	NUM
ajfa-9359	562	27	)	)	PUNCT
ajfa-9359	562	28	;	;	PUNCT
ajfa-9359	562	29	rajan	rajan	PROPN
ajfa-9359	562	30	and	and	CCONJ
ajfa-9359	562	31	zingales	zingales	PROPN
ajfa-9359	562	32	(	(	PUNCT
ajfa-9359	562	33	1995	1995	NUM
ajfa-9359	562	34	)	)	PUNCT
ajfa-9359	562	35	independent	independent	ADJ
ajfa-9359	562	36	variables	variable	NOUN
ajfa-9359	562	37	tangibility	tangibility	NOUN
ajfa-9359	562	38	tangible	tangible	ADJ
ajfa-9359	562	39	fixed	fix	VERB
ajfa-9359	562	40	assets	asset	NOUN
ajfa-9359	562	41	/	/	SYM
ajfa-9359	562	42	total	total	ADJ
ajfa-9359	562	43	assets	asset	NOUN
ajfa-9359	562	44	rajan	rajan	NOUN
ajfa-9359	562	45	and	and	CCONJ
ajfa-9359	562	46	zingales	zingale	NOUN
ajfa-9359	562	47	,	,	PUNCT
ajfa-9359	562	48	(	(	PUNCT
ajfa-9359	562	49	1995	1995	NUM
ajfa-9359	562	50	)	)	PUNCT
ajfa-9359	562	51	;	;	PUNCT
ajfa-9359	562	52	ozkan	ozkan	NOUN
ajfa-9359	562	53	(	(	PUNCT
ajfa-9359	562	54	2001	2001	NUM
ajfa-9359	562	55	)	)	PUNCT
ajfa-9359	562	56	profitability	profitability	NOUN
ajfa-9359	562	57	earnings	earning	NOUN
ajfa-9359	562	58	before	before	ADP
ajfa-9359	562	59	interest	interest	NOUN
ajfa-9359	562	60	and	and	CCONJ
ajfa-9359	562	61	tax	tax	NOUN
ajfa-9359	562	62	/	/	SYM
ajfa-9359	562	63	total	total	ADJ
ajfa-9359	562	64	assets	asset	NOUN
ajfa-9359	562	65	rajan	rajan	NOUN
ajfa-9359	562	66	and	and	CCONJ
ajfa-9359	562	67	zingales	zingale	NOUN
ajfa-9359	562	68	,	,	PUNCT
ajfa-9359	562	69	(	(	PUNCT
ajfa-9359	562	70	1995	1995	NUM
ajfa-9359	562	71	)	)	PUNCT
ajfa-9359	562	72	;	;	PUNCT
ajfa-9359	562	73	ozkan	ozkan	VERB
ajfa-9359	562	74	,	,	PUNCT
ajfa-9359	562	75	(	(	PUNCT
ajfa-9359	562	76	2001	2001	NUM
ajfa-9359	562	77	)	)	PUNCT
ajfa-9359	562	78	size	size	NOUN
ajfa-9359	562	79	logarithm	logarithm	NOUN
ajfa-9359	562	80	of	of	ADP
ajfa-9359	562	81	total	total	ADJ
ajfa-9359	562	82	assets	asset	NOUN
ajfa-9359	562	83	padron	padron	NOUN
ajfa-9359	562	84	et	et	PROPN
ajfa-9359	562	85	al	al	PROPN
ajfa-9359	562	86	(	(	PUNCT
ajfa-9359	562	87	2005	2005	NUM
ajfa-9359	562	88	)	)	PUNCT
ajfa-9359	562	89	and	and	CCONJ
ajfa-9359	562	90	frank	frank	PROPN
ajfa-9359	562	91	&	&	CCONJ
ajfa-9359	562	92	goyal	goyal	PROPN
ajfa-9359	562	93	(	(	PUNCT
ajfa-9359	562	94	2009	2009	NUM
ajfa-9359	562	95	)	)	PUNCT
ajfa-9359	562	96	growth	growth	NOUN
ajfa-9359	562	97	percentage	percentage	NOUN
ajfa-9359	562	98	increase	increase	NOUN
ajfa-9359	562	99	in	in	ADP
ajfa-9359	562	100	total	total	ADJ
ajfa-9359	562	101	assets	asset	NOUN
ajfa-9359	562	102	titman	titman	PROPN
ajfa-9359	562	103	&	&	CCONJ
ajfa-9359	562	104	wessele(1988	wessele(1988	ADJ
ajfa-9359	562	105	)	)	PUNCT
ajfa-9359	562	106	liquidity	liquidity	NOUN
ajfa-9359	562	107	current	current	ADJ
ajfa-9359	562	108	assets/	assets/	NUM
ajfa-9359	562	109	current	current	ADJ
ajfa-9359	562	110	liabilities	liability	NOUN
ajfa-9359	562	111	deesomsak	deesomsak	INTJ
ajfa-9359	562	112	et	et	NOUN
ajfa-9359	562	113	al	al	PROPN
ajfa-9359	562	114	(	(	PUNCT
ajfa-9359	562	115	2004	2004	NUM
ajfa-9359	562	116	)	)	PUNCT
ajfa-9359	562	117	;	;	PUNCT
ajfa-9359	563	1	ozkan	ozkan	NOUN
ajfa-9359	563	2	(	(	PUNCT
ajfa-9359	563	3	2001	2001	NUM
ajfa-9359	563	4	)	)	PUNCT
ajfa-9359	563	5	non	non	ADJ
ajfa-9359	563	6	-	-	ADJ
ajfa-9359	563	7	debt	debt	ADJ
ajfa-9359	563	8	tax	tax	NOUN
ajfa-9359	563	9	shield	shield	NOUN
ajfa-9359	563	10	depreciation	depreciation	NOUN
ajfa-9359	563	11	/	/	SYM
ajfa-9359	563	12	total	total	ADJ
ajfa-9359	563	13	assets	asset	NOUN
ajfa-9359	563	14	titman	titman	NOUN
ajfa-9359	563	15	and	and	CCONJ
ajfa-9359	563	16	wessels	wessels	PROPN
ajfa-9359	563	17	(	(	PUNCT
ajfa-9359	563	18	1988	1988	NUM
ajfa-9359	563	19	)	)	PUNCT
ajfa-9359	563	20	;	;	PUNCT
ajfa-9359	563	21	ozkan	ozkan	NOUN
ajfa-9359	563	22	(	(	PUNCT
ajfa-9359	563	23	2001	2001	NUM
ajfa-9359	563	24	)	)	PUNCT
ajfa-9359	563	25	asian	asian	ADJ
ajfa-9359	563	26	journal	journal	NOUN
ajfa-9359	563	27	of	of	ADP
ajfa-9359	563	28	finance	finance	PROPN
ajfa-9359	563	29	&	&	CCONJ
ajfa-9359	563	30	accounting	accounting	PROPN
ajfa-9359	563	31	issn	issn	PROPN
ajfa-9359	563	32	1946	1946	NUM
ajfa-9359	563	33	-	-	PUNCT
ajfa-9359	563	34	052x	052x	PROPN
ajfa-9359	563	35	2017	2017	NUM
ajfa-9359	563	36	,	,	PUNCT
ajfa-9359	563	37	vol	vol	NOUN
ajfa-9359	563	38	.	.	NOUN
ajfa-9359	563	39	9	9	NUM
ajfa-9359	563	40	,	,	PUNCT
ajfa-9359	563	41	no	no	INTJ
ajfa-9359	563	42	.	.	NOUN
ajfa-9359	563	43	1	1	NUM
ajfa-9359	563	44	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	563	45	29	29	NUM
ajfa-9359	563	46	table	table	NOUN
ajfa-9359	563	47	3.4	3.4	NUM
ajfa-9359	563	48	.	.	PUNCT
ajfa-9359	563	49	summarizes	summarize	VERB
ajfa-9359	563	50	the	the	DET
ajfa-9359	563	51	hypothesized	hypothesized	ADJ
ajfa-9359	563	52	,	,	PUNCT
ajfa-9359	563	53	expected	expect	VERB
ajfa-9359	563	54	theoretical	theoretical	ADJ
ajfa-9359	563	55	signs	sign	NOUN
ajfa-9359	563	56	of	of	ADP
ajfa-9359	563	57	the	the	DET
ajfa-9359	563	58	independent	independent	ADJ
ajfa-9359	563	59	variables	variable	NOUN
ajfa-9359	563	60	depending	depend	VERB
ajfa-9359	563	61	on	on	ADP
ajfa-9359	563	62	the	the	DET
ajfa-9359	563	63	theoretical	theoretical	ADJ
ajfa-9359	563	64	and	and	CCONJ
ajfa-9359	563	65	empirical	empirical	ADJ
ajfa-9359	563	66	literature	literature	NOUN
ajfa-9359	563	67	explanatory	explanatory	ADJ
ajfa-9359	563	68	variable	variable	ADJ
ajfa-9359	563	69	hypothesis	hypothesis	NOUN
ajfa-9359	563	70	signs	sign	NOUN
ajfa-9359	563	71	mostly	mostly	ADV
ajfa-9359	563	72	reported	report	VERB
ajfa-9359	563	73	in	in	ADP
ajfa-9359	563	74	the	the	DET
ajfa-9359	563	75	empirical	empirical	ADJ
ajfa-9359	563	76	literature	literature	NOUN
ajfa-9359	563	77	pecking	pecking	NOUN
ajfa-9359	563	78	order	order	NOUN
ajfa-9359	563	79	theory	theory	NOUN
ajfa-9359	563	80	trade	trade	NOUN
ajfa-9359	563	81	-	-	PUNCT
ajfa-9359	563	82	off	off	ADP
ajfa-9359	563	83	theory	theory	NOUN
ajfa-9359	563	84	agency	agency	NOUN
ajfa-9359	563	85	cost	cost	NOUN
ajfa-9359	563	86	theory	theory	NOUN
ajfa-9359	563	87	expected	expect	VERB
ajfa-9359	563	88	sign	sign	VERB
ajfa-9359	563	89	tangibility	tangibility	NOUN
ajfa-9359	563	90	+	+	CCONJ
ajfa-9359	564	1	+	+	PUNCT
ajfa-9359	565	1	+	+	PUNCT
ajfa-9359	565	2	+	+	PUNCT
ajfa-9359	565	3	+	+	CCONJ
ajfa-9359	565	4	+	+	CCONJ
ajfa-9359	565	5	profitability	profitability	NOUN
ajfa-9359	565	6	+	+	X
ajfa-9359	565	7	?	?	PUNCT
ajfa-9359	566	1	growth	growth	NOUN
ajfa-9359	566	2	+	+	CCONJ
ajfa-9359	566	3	+	+	NUM
ajfa-9359	566	4	size	size	NOUN
ajfa-9359	566	5	+	+	X
ajfa-9359	566	6	+	+	PUNCT
ajfa-9359	566	7	+	+	PUNCT
ajfa-9359	566	8	+	+	CCONJ
ajfa-9359	566	9	+	+	NUM
ajfa-9359	566	10	liquidity	liquidity	NOUN
ajfa-9359	566	11	?	?	PUNCT
ajfa-9359	567	1	non	non	ADJ
ajfa-9359	567	2	-	-	ADJ
ajfa-9359	567	3	debt	debt	ADJ
ajfa-9359	567	4	tax	tax	NOUN
ajfa-9359	567	5	shield	shield	NOUN
ajfa-9359	567	6	+	+	PUNCT
ajfa-9359	567	7	?	?	PUNCT
ajfa-9359	567	8	?	?	PUNCT
ajfa-9359	568	1			X
ajfa-9359	568	2	the	the	DET
ajfa-9359	568	3	theoretical	theoretical	ADJ
ajfa-9359	568	4	signs	sign	NOUN
ajfa-9359	568	5	of	of	ADP
ajfa-9359	568	6	explanatory	explanatory	ADJ
ajfa-9359	568	7	variables	variable	NOUN
ajfa-9359	568	8	are	be	AUX
ajfa-9359	568	9	presented	present	VERB
ajfa-9359	568	10	in	in	ADP
ajfa-9359	568	11	summary	summary	NOUN
ajfa-9359	568	12	based	base	VERB
ajfa-9359	568	13	on	on	ADP
ajfa-9359	568	14	the	the	DET
ajfa-9359	568	15	previous	previous	ADJ
ajfa-9359	568	16	capital	capital	NOUN
ajfa-9359	568	17	structure	structure	NOUN
ajfa-9359	568	18	theories	theory	NOUN
ajfa-9359	568	19	and	and	CCONJ
ajfa-9359	568	20	were	be	AUX
ajfa-9359	568	21	used	use	VERB
ajfa-9359	568	22	by	by	ADP
ajfa-9359	568	23	different	different	ADJ
ajfa-9359	568	24	researchers	researcher	NOUN
ajfa-9359	568	25	such	such	ADJ
ajfa-9359	568	26	as	as	ADP
ajfa-9359	568	27	titman	titman	NOUN
ajfa-9359	568	28	and	and	CCONJ
ajfa-9359	568	29	wessels	wessels	PROPN
ajfa-9359	568	30	(	(	PUNCT
ajfa-9359	568	31	1988	1988	NUM
ajfa-9359	568	32	)	)	PUNCT
ajfa-9359	568	33	,	,	PUNCT
ajfa-9359	568	34	haris	haris	PROPN
ajfa-9359	568	35	and	and	CCONJ
ajfa-9359	568	36	ravive	ravive	ADJ
ajfa-9359	568	37	(	(	PUNCT
ajfa-9359	568	38	1991	1991	NUM
ajfa-9359	568	39	)	)	PUNCT
ajfa-9359	568	40	,	,	PUNCT
ajfa-9359	568	41	gaud	gaud	PROPN
ajfa-9359	568	42	et	et	PROPN
ajfa-9359	568	43	al	al	PROPN
ajfa-9359	568	44	(	(	PUNCT
ajfa-9359	568	45	2005	2005	NUM
ajfa-9359	568	46	)	)	PUNCT
ajfa-9359	568	47	,	,	PUNCT
ajfa-9359	568	48			VERB
ajfa-9359	568	49	“	"	PUNCT
ajfa-9359	568	50	+	+	PROPN
ajfa-9359	568	51	”	"	PUNCT
ajfa-9359	568	52	represents	represent	VERB
ajfa-9359	568	53	that	that	SCONJ
ajfa-9359	568	54	the	the	DET
ajfa-9359	568	55	specified	specify	VERB
ajfa-9359	568	56	theory	theory	NOUN
ajfa-9359	568	57	suggests	suggest	VERB
ajfa-9359	568	58	a	a	DET
ajfa-9359	568	59	positive	positive	ADJ
ajfa-9359	568	60	relationship	relationship	NOUN
ajfa-9359	568	61	between	between	ADP
ajfa-9359	568	62	the	the	DET
ajfa-9359	568	63	explanatory	explanatory	ADJ
ajfa-9359	568	64	variable	variable	NOUN
ajfa-9359	568	65	and	and	CCONJ
ajfa-9359	568	66	leverage	leverage	NOUN
ajfa-9359	568	67	.	.	PUNCT
ajfa-9359	569	1			PUNCT
ajfa-9359	569	2	“	"	PUNCT
ajfa-9359	569	3	-	-	PUNCT
ajfa-9359	569	4	”	"	PUNCT
ajfa-9359	569	5	represents	represent	VERB
ajfa-9359	569	6	that	that	SCONJ
ajfa-9359	569	7	the	the	DET
ajfa-9359	569	8	specified	specify	VERB
ajfa-9359	569	9	theory	theory	NOUN
ajfa-9359	569	10	proposes	propose	VERB
ajfa-9359	569	11	a	a	DET
ajfa-9359	569	12	negative	negative	ADJ
ajfa-9359	569	13	relationship	relationship	NOUN
ajfa-9359	569	14	between	between	ADP
ajfa-9359	569	15	the	the	DET
ajfa-9359	569	16	explanatory	explanatory	ADJ
ajfa-9359	569	17	variable	variable	NOUN
ajfa-9359	569	18	and	and	CCONJ
ajfa-9359	569	19	leverage	leverage	NOUN
ajfa-9359	569	20	.	.	PUNCT
ajfa-9359	570	1			PUNCT
ajfa-9359	570	2	“	"	PUNCT
ajfa-9359	570	3	?	?	PUNCT
ajfa-9359	570	4	”	"	PUNCT
ajfa-9359	570	5	represents	represent	VERB
ajfa-9359	570	6	that	that	SCONJ
ajfa-9359	570	7	there	there	PRON
ajfa-9359	570	8	is	be	VERB
ajfa-9359	570	9	no	no	DET
ajfa-9359	570	10	clear	clear	ADJ
ajfa-9359	570	11	prediction	prediction	NOUN
ajfa-9359	570	12	.	.	PUNCT
ajfa-9359	571	1	asian	asian	ADJ
ajfa-9359	571	2	journal	journal	PROPN
ajfa-9359	571	3	of	of	ADP
ajfa-9359	571	4	finance	finance	PROPN
ajfa-9359	571	5	&	&	CCONJ
ajfa-9359	571	6	accounting	accounting	PROPN
ajfa-9359	571	7	issn	issn	PROPN
ajfa-9359	571	8	1946	1946	NUM
ajfa-9359	571	9	-	-	PUNCT
ajfa-9359	571	10	052x	052x	PROPN
ajfa-9359	571	11	2017	2017	NUM
ajfa-9359	571	12	,	,	PUNCT
ajfa-9359	571	13	vol	vol	NOUN
ajfa-9359	571	14	.	.	NOUN
ajfa-9359	571	15	9	9	NUM
ajfa-9359	571	16	,	,	PUNCT
ajfa-9359	571	17	no	no	INTJ
ajfa-9359	571	18	.	.	NOUN
ajfa-9359	571	19	1	1	NUM
ajfa-9359	571	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	571	21	30	30	NUM
ajfa-9359	571	22	table	table	NOUN
ajfa-9359	571	23	4.4	4.4	NUM
ajfa-9359	571	24	.	.	PUNCT
ajfa-9359	572	1	summary	summary	NOUN
ajfa-9359	572	2	of	of	ADP
ajfa-9359	572	3	descriptive	descriptive	ADJ
ajfa-9359	572	4	statistic	statistic	NOUN
ajfa-9359	572	5	after	after	ADP
ajfa-9359	572	6	removal	removal	NOUN
ajfa-9359	572	7	of	of	ADP
ajfa-9359	572	8	outliers	outlier	NOUN
ajfa-9359	572	9	.	.	PUNCT
ajfa-9359	573	1	variable	variable	ADJ
ajfa-9359	573	2	obs	obs	PROPN
ajfa-9359	573	3	.	.	PUNCT
ajfa-9359	574	1	no	no	INTJ
ajfa-9359	574	2	.	.	PUNCT
ajfa-9359	575	1	of	of	ADP
ajfa-9359	575	2	fs	fs	AUX
ajfa-9359	575	3	mean	mean	ADJ
ajfa-9359	575	4	median	median	PROPN
ajfa-9359	575	5	std	std	PROPN
ajfa-9359	575	6	.	.	PROPN
ajfa-9359	575	7	dev	dev	PROPN
ajfa-9359	575	8	.	.	PUNCT
ajfa-9359	576	1	min	min	PROPN
ajfa-9359	576	2	max	max	PROPN
ajfa-9359	576	3	tda	tda	PROPN
ajfa-9359	576	4	4181	4181	NUM
ajfa-9359	576	5	346	346	NUM
ajfa-9359	576	6	0.2457	0.2457	NUM
ajfa-9359	576	7	0.2290	0.2290	NUM
ajfa-9359	576	8	0.1717	0.1717	NUM
ajfa-9359	576	9	0.0000	0.0000	NUM
ajfa-9359	576	10	0.7136	0.7136	NUM
ajfa-9359	576	11	tangibility	tangibility	NOUN
ajfa-9359	576	12	4181	4181	NUM
ajfa-9359	576	13	346	346	NUM
ajfa-9359	576	14	0.5233	0.5233	NUM
ajfa-9359	576	15	0.5401	0.5401	NUM
ajfa-9359	576	16	0.2589	0.2589	NUM
ajfa-9359	576	17	0.0422	0.0422	NUM
ajfa-9359	576	18	0.9537	0.9537	NUM
ajfa-9359	576	19	profitability	profitability	NOUN
ajfa-9359	576	20	4181	4181	NUM
ajfa-9359	576	21	346	346	NUM
ajfa-9359	576	22	0.0920	0.0920	NUM
ajfa-9359	576	23	0.0832	0.0832	NUM
ajfa-9359	576	24	0.0942	0.0942	NUM
ajfa-9359	576	25	-0.2216	-0.2216	NOUN
ajfa-9359	576	26	0.3967	0.3967	NUM
ajfa-9359	576	27	growth	growth	NOUN
ajfa-9359	576	28	4181	4181	NUM
ajfa-9359	576	29	346	346	NUM
ajfa-9359	576	30	0.1622	0.1622	NUM
ajfa-9359	576	31	0.1132	0.1132	NUM
ajfa-9359	576	32	0.2530	0.2530	NUM
ajfa-9359	576	33	-0.4858	-0.4858	NOUN
ajfa-9359	576	34	1.0000	1.0000	NUM
ajfa-9359	576	35	size	size	NOUN
ajfa-9359	576	36	4181	4181	NUM
ajfa-9359	576	37	346	346	NUM
ajfa-9359	576	38	15.9889	15.9889	NUM
ajfa-9359	576	39	15.6293	15.6293	NUM
ajfa-9359	576	40	2.6866	2.6866	NUM
ajfa-9359	576	41	9.9686	9.9686	NUM
ajfa-9359	576	42	23.2964	23.2964	NUM
ajfa-9359	576	43	liquidity	liquidity	NOUN
ajfa-9359	576	44	4181	4181	NUM
ajfa-9359	576	45	346	346	NUM
ajfa-9359	576	46	1.7761	1.7761	NUM
ajfa-9359	576	47	1.2366	1.2366	NUM
ajfa-9359	576	48	2.0473	2.0473	NUM
ajfa-9359	576	49	0.2246	0.2246	NUM
ajfa-9359	576	50	15.6961	15.6961	NUM
ajfa-9359	576	51	ndts	ndts	NOUN
ajfa-9359	576	52	4181	4181	NUM
ajfa-9359	576	53	346	346	NUM
ajfa-9359	576	54	0.0473	0.0473	NUM
ajfa-9359	576	55	0.0412	0.0412	NUM
ajfa-9359	576	56	0.0317	0.0317	NUM
ajfa-9359	576	57	0.0000	0.0000	NUM
ajfa-9359	576	58	0.1638	0.1638	NUM
ajfa-9359	576	59	notes	note	VERB
ajfa-9359	576	60	:	:	PUNCT
ajfa-9359	576	61	the	the	DET
ajfa-9359	576	62	dependent	dependent	ADJ
ajfa-9359	576	63	variable	variable	NOUN
ajfa-9359	576	64	tda	tda	NOUN
ajfa-9359	576	65	is	be	AUX
ajfa-9359	576	66	defined	define	VERB
ajfa-9359	576	67	as	as	ADP
ajfa-9359	576	68	the	the	DET
ajfa-9359	576	69	ratio	ratio	NOUN
ajfa-9359	576	70	of	of	ADP
ajfa-9359	576	71	total	total	ADJ
ajfa-9359	576	72	debt	debt	NOUN
ajfa-9359	576	73	to	to	ADP
ajfa-9359	576	74	book	book	NOUN
ajfa-9359	576	75	value	value	NOUN
ajfa-9359	576	76	of	of	ADP
ajfa-9359	576	77	total	total	ADJ
ajfa-9359	576	78	assets	asset	NOUN
ajfa-9359	576	79	.	.	PUNCT
ajfa-9359	577	1	“	"	PUNCT
ajfa-9359	577	2	tangibility	tangibility	NOUN
ajfa-9359	577	3	”	"	PUNCT
ajfa-9359	577	4	is	be	AUX
ajfa-9359	577	5	the	the	DET
ajfa-9359	577	6	ratio	ratio	NOUN
ajfa-9359	577	7	of	of	ADP
ajfa-9359	577	8	fixed	fix	VERB
ajfa-9359	577	9	assets	asset	NOUN
ajfa-9359	577	10	to	to	ADP
ajfa-9359	577	11	total	total	ADJ
ajfa-9359	577	12	assets	asset	NOUN
ajfa-9359	577	13	.	.	PUNCT
ajfa-9359	578	1	“	"	PUNCT
ajfa-9359	578	2	profitability	profitability	NOUN
ajfa-9359	578	3	”	"	PUNCT
ajfa-9359	578	4	'	'	PUNCT
ajfa-9359	578	5	is	be	AUX
ajfa-9359	578	6	the	the	DET
ajfa-9359	578	7	ratio	ratio	NOUN
ajfa-9359	578	8	of	of	ADP
ajfa-9359	578	9	ebitd	ebitd	NOUN
ajfa-9359	578	10	to	to	ADP
ajfa-9359	578	11	total	total	ADJ
ajfa-9359	578	12	assets	asset	NOUN
ajfa-9359	578	13	.	.	PUNCT
ajfa-9359	579	1	“	"	PUNCT
ajfa-9359	579	2	growth	growth	NOUN
ajfa-9359	579	3	”	"	PUNCT
ajfa-9359	579	4	is	be	AUX
ajfa-9359	579	5	the	the	DET
ajfa-9359	579	6	ratio	ratio	NOUN
ajfa-9359	579	7	of	of	ADP
ajfa-9359	579	8	percentage	percentage	NOUN
ajfa-9359	579	9	increase	increase	NOUN
ajfa-9359	579	10	(	(	PUNCT
ajfa-9359	579	11	change	change	NOUN
ajfa-9359	579	12	)	)	PUNCT
ajfa-9359	579	13	in	in	ADP
ajfa-9359	579	14	total	total	ADJ
ajfa-9359	579	15	assets	asset	NOUN
ajfa-9359	579	16	(	(	PUNCT
ajfa-9359	579	17	total	total	ADJ
ajfa-9359	579	18	assets	asset	NOUN
ajfa-9359	579	19	current	current	ADJ
ajfa-9359	579	20	year	year	NOUN
ajfa-9359	579	21	minus	minus	ADP
ajfa-9359	579	22	total	total	ADJ
ajfa-9359	579	23	assets	asset	NOUN
ajfa-9359	579	24	previous	previous	ADJ
ajfa-9359	579	25	year	year	NOUN
ajfa-9359	579	26	to	to	ADP
ajfa-9359	579	27	total	total	ADJ
ajfa-9359	579	28	assets	asset	NOUN
ajfa-9359	579	29	current	current	ADJ
ajfa-9359	579	30	year	year	NOUN
ajfa-9359	579	31	“	"	PUNCT
ajfa-9359	579	32	size	size	NOUN
ajfa-9359	579	33	”	"	PUNCT
ajfa-9359	579	34	is	be	AUX
ajfa-9359	579	35	the	the	DET
ajfa-9359	579	36	natural	natural	ADJ
ajfa-9359	579	37	logarithm	logarithm	NOUN
ajfa-9359	579	38	of	of	ADP
ajfa-9359	579	39	assets	asset	NOUN
ajfa-9359	579	40	.	.	PUNCT
ajfa-9359	580	1	“	"	PUNCT
ajfa-9359	580	2	liquidity	liquidity	NOUN
ajfa-9359	580	3	”	"	PUNCT
ajfa-9359	580	4	is	be	AUX
ajfa-9359	580	5	the	the	DET
ajfa-9359	580	6	ratio	ratio	NOUN
ajfa-9359	580	7	of	of	ADP
ajfa-9359	580	8	current	current	ADJ
ajfa-9359	580	9	assets	asset	NOUN
ajfa-9359	580	10	to	to	ADP
ajfa-9359	580	11	current	current	ADJ
ajfa-9359	580	12	liabilities	liability	NOUN
ajfa-9359	580	13	.	.	PUNCT
ajfa-9359	581	1	“	"	PUNCT
ajfa-9359	581	2	ndts	ndts	NOUN
ajfa-9359	581	3	”	"	PUNCT
ajfa-9359	581	4	is	be	AUX
ajfa-9359	581	5	the	the	DET
ajfa-9359	581	6	ratio	ratio	NOUN
ajfa-9359	581	7	of	of	ADP
ajfa-9359	581	8	annual	annual	ADJ
ajfa-9359	581	9	depreciation	depreciation	NOUN
ajfa-9359	581	10	expense	expense	NOUN
ajfa-9359	581	11	to	to	ADP
ajfa-9359	581	12	total	total	ADJ
ajfa-9359	581	13	assets	asset	NOUN
ajfa-9359	581	14	.	.	PUNCT
ajfa-9359	582	1	table	table	NOUN
ajfa-9359	582	2	4.5	4.5	NUM
ajfa-9359	582	3	.	.	PUNCT
ajfa-9359	583	1	correlation	correlation	NOUN
ajfa-9359	583	2	analysis	analysis	NOUN
ajfa-9359	583	3	variable	variable	PROPN
ajfa-9359	583	4	tda	tda	PROPN
ajfa-9359	583	5	tang	tang	PROPN
ajfa-9359	583	6	prof	prof	PROPN
ajfa-9359	583	7	grow	grow	VERB
ajfa-9359	583	8	size	size	NOUN
ajfa-9359	583	9	liq	liq	NOUN
ajfa-9359	583	10	ndts	ndts	NOUN
ajfa-9359	583	11	tda	tda	PROPN
ajfa-9359	583	12	1	1	NUM
ajfa-9359	583	13	tangibility	tangibility	NOUN
ajfa-9359	583	14	0.249	0.249	NUM
ajfa-9359	583	15	*	*	PUNCT
ajfa-9359	583	16	*	*	PUNCT
ajfa-9359	583	17	*	*	SYM
ajfa-9359	583	18	1	1	NUM
ajfa-9359	583	19	profitabilit	profitabilit	NOUN
ajfa-9359	583	20	y	y	PROPN
ajfa-9359	583	21	-0.238	-0.238	PROPN
ajfa-9359	583	22	*	*	PROPN
ajfa-9359	583	23	*	*	PUNCT
ajfa-9359	583	24	*	*	PUNCT
ajfa-9359	583	25	-0.006	-0.006	PROPN
ajfa-9359	583	26	1	1	NUM
ajfa-9359	583	27	growth	growth	NOUN
ajfa-9359	583	28	0.030	0.030	NUM
ajfa-9359	583	29	*	*	SYM
ajfa-9359	583	30	*	*	PUNCT
ajfa-9359	583	31	0.002	0.002	NUM
ajfa-9359	583	32	0.076	0.076	NUM
ajfa-9359	583	33	*	*	PUNCT
ajfa-9359	583	34	*	*	PUNCT
ajfa-9359	583	35	*	*	PUNCT
ajfa-9359	583	36	1	1	NUM
ajfa-9359	583	37	size	size	NOUN
ajfa-9359	583	38	0.072	0.072	NUM
ajfa-9359	583	39	*	*	PUNCT
ajfa-9359	583	40	*	*	PUNCT
ajfa-9359	583	41	*	*	NOUN
ajfa-9359	583	42	0.005	0.005	NUM
ajfa-9359	583	43	0.159	0.159	NUM
ajfa-9359	583	44	*	*	PUNCT
ajfa-9359	583	45	*	*	PUNCT
ajfa-9359	583	46	*	*	PUNCT
ajfa-9359	583	47	-0.127	-0.127	NOUN
ajfa-9359	583	48	*	*	PUNCT
ajfa-9359	583	49	*	*	PUNCT
ajfa-9359	583	50	*	*	SYM
ajfa-9359	583	51	1	1	NUM
ajfa-9359	583	52	liquidity	liquidity	NOUN
ajfa-9359	583	53	-0.317	-0.317	NOUN
ajfa-9359	583	54	*	*	PUNCT
ajfa-9359	583	55	*	*	PUNCT
ajfa-9359	583	56	*	*	PUNCT
ajfa-9359	583	57	-0.285	-0.285	PUNCT
ajfa-9359	583	58	*	*	PUNCT
ajfa-9359	583	59	*	*	PUNCT
ajfa-9359	583	60	*	*	PUNCT
ajfa-9359	583	61	-0.033	-0.033	PUNCT
ajfa-9359	583	62	0.047	0.047	NUM
ajfa-9359	583	63	*	*	PUNCT
ajfa-9359	583	64	*	*	PUNCT
ajfa-9359	583	65	*	*	PUNCT
ajfa-9359	583	66	-0.136	-0.136	ADJ
ajfa-9359	583	67	*	*	PUNCT
ajfa-9359	583	68	*	*	PUNCT
ajfa-9359	583	69	*	*	SYM
ajfa-9359	583	70	1	1	NUM
ajfa-9359	583	71	ndts	ndts	VERB
ajfa-9359	583	72	-0.081	-0.081	NOUN
ajfa-9359	583	73	*	*	PUNCT
ajfa-9359	583	74	*	*	PUNCT
ajfa-9359	583	75	*	*	PUNCT
ajfa-9359	583	76	0.422	0.422	NUM
ajfa-9359	583	77	*	*	PUNCT
ajfa-9359	583	78	*	*	PUNCT
ajfa-9359	583	79	*	*	PUNCT
ajfa-9359	583	80	0.142	0.142	NUM
ajfa-9359	583	81	*	*	PUNCT
ajfa-9359	583	82	*	*	PUNCT
ajfa-9359	583	83	*	*	PUNCT
ajfa-9359	583	84	-0.15	-0.15	NUM
ajfa-9359	583	85	*	*	PUNCT
ajfa-9359	583	86	*	*	PUNCT
ajfa-9359	583	87	*	*	PUNCT
ajfa-9359	583	88	-0.095	-0.095	VERB
ajfa-9359	583	89	*	*	PUNCT
ajfa-9359	583	90	*	*	PUNCT
ajfa-9359	583	91	*	*	PUNCT
ajfa-9359	583	92	-0.219	-0.219	PROPN
ajfa-9359	583	93	*	*	PUNCT
ajfa-9359	583	94	*	*	PUNCT
ajfa-9359	583	95	*	*	SYM
ajfa-9359	583	96	1	1	NUM
ajfa-9359	583	97	notes	note	VERB
ajfa-9359	583	98	:	:	PUNCT
ajfa-9359	583	99	the	the	DET
ajfa-9359	583	100	dependent	dependent	ADJ
ajfa-9359	583	101	variable	variable	NOUN
ajfa-9359	583	102	tda	tda	NOUN
ajfa-9359	583	103	is	be	AUX
ajfa-9359	583	104	defined	define	VERB
ajfa-9359	583	105	as	as	ADP
ajfa-9359	583	106	the	the	DET
ajfa-9359	583	107	ratio	ratio	NOUN
ajfa-9359	583	108	of	of	ADP
ajfa-9359	583	109	total	total	ADJ
ajfa-9359	583	110	debt	debt	NOUN
ajfa-9359	583	111	to	to	ADP
ajfa-9359	583	112	book	book	NOUN
ajfa-9359	583	113	value	value	NOUN
ajfa-9359	583	114	of	of	ADP
ajfa-9359	583	115	total	total	ADJ
ajfa-9359	583	116	assets	asset	NOUN
ajfa-9359	583	117	.	.	PUNCT
ajfa-9359	584	1	“	"	PUNCT
ajfa-9359	584	2	tangibility	tangibility	NOUN
ajfa-9359	584	3	”	"	PUNCT
ajfa-9359	584	4	is	be	AUX
ajfa-9359	584	5	the	the	DET
ajfa-9359	584	6	ratio	ratio	NOUN
ajfa-9359	584	7	of	of	ADP
ajfa-9359	584	8	fixed	fix	VERB
ajfa-9359	584	9	assets	asset	NOUN
ajfa-9359	584	10	to	to	ADP
ajfa-9359	584	11	total	total	ADJ
ajfa-9359	584	12	assets	asset	NOUN
ajfa-9359	584	13	.	.	PUNCT
ajfa-9359	585	1	“	"	PUNCT
ajfa-9359	585	2	profitability	profitability	NOUN
ajfa-9359	585	3	”	"	PUNCT
ajfa-9359	585	4	'	'	PUNCT
ajfa-9359	585	5	is	be	AUX
ajfa-9359	585	6	the	the	DET
ajfa-9359	585	7	ratio	ratio	NOUN
ajfa-9359	585	8	of	of	ADP
ajfa-9359	585	9	ebitd	ebitd	NOUN
ajfa-9359	585	10	to	to	ADP
ajfa-9359	585	11	total	total	ADJ
ajfa-9359	585	12	assets	asset	NOUN
ajfa-9359	585	13	.	.	PUNCT
ajfa-9359	586	1	“	"	PUNCT
ajfa-9359	586	2	growth	growth	NOUN
ajfa-9359	586	3	”	"	PUNCT
ajfa-9359	586	4	is	be	AUX
ajfa-9359	586	5	the	the	DET
ajfa-9359	586	6	ratio	ratio	NOUN
ajfa-9359	586	7	of	of	ADP
ajfa-9359	586	8	percentage	percentage	NOUN
ajfa-9359	586	9	increase	increase	NOUN
ajfa-9359	586	10	(	(	PUNCT
ajfa-9359	586	11	change	change	NOUN
ajfa-9359	586	12	)	)	PUNCT
ajfa-9359	586	13	in	in	ADP
ajfa-9359	586	14	total	total	ADJ
ajfa-9359	586	15	assets	asset	NOUN
ajfa-9359	586	16	(	(	PUNCT
ajfa-9359	586	17	total	total	ADJ
ajfa-9359	586	18	assets	asset	NOUN
ajfa-9359	586	19	current	current	ADJ
ajfa-9359	586	20	year	year	NOUN
ajfa-9359	586	21	minus	minus	ADP
ajfa-9359	586	22	total	total	ADJ
ajfa-9359	586	23	assets	asset	NOUN
ajfa-9359	586	24	previous	previous	ADJ
ajfa-9359	586	25	year	year	NOUN
ajfa-9359	586	26	to	to	ADP
ajfa-9359	586	27	total	total	ADJ
ajfa-9359	586	28	assets	asset	NOUN
ajfa-9359	586	29	current	current	ADJ
ajfa-9359	586	30	year	year	NOUN
ajfa-9359	586	31	“	"	PUNCT
ajfa-9359	586	32	size	size	NOUN
ajfa-9359	586	33	”	"	PUNCT
ajfa-9359	586	34	is	be	AUX
ajfa-9359	586	35	the	the	DET
ajfa-9359	586	36	natural	natural	ADJ
ajfa-9359	586	37	logarithm	logarithm	NOUN
ajfa-9359	586	38	of	of	ADP
ajfa-9359	586	39	assets	asset	NOUN
ajfa-9359	586	40	.	.	PUNCT
ajfa-9359	587	1	“	"	PUNCT
ajfa-9359	587	2	liquidity	liquidity	NOUN
ajfa-9359	587	3	”	"	PUNCT
ajfa-9359	587	4	is	be	AUX
ajfa-9359	587	5	the	the	DET
ajfa-9359	587	6	ratio	ratio	NOUN
ajfa-9359	587	7	of	of	ADP
ajfa-9359	587	8	current	current	ADJ
ajfa-9359	587	9	assets	asset	NOUN
ajfa-9359	587	10	to	to	ADP
ajfa-9359	587	11	current	current	ADJ
ajfa-9359	587	12	liabilities	liability	NOUN
ajfa-9359	587	13	.	.	PUNCT
ajfa-9359	588	1	“	"	PUNCT
ajfa-9359	588	2	ndts	ndts	NOUN
ajfa-9359	588	3	”	"	PUNCT
ajfa-9359	588	4	is	be	AUX
ajfa-9359	588	5	the	the	DET
ajfa-9359	588	6	ratio	ratio	NOUN
ajfa-9359	588	7	of	of	ADP
ajfa-9359	588	8	annual	annual	ADJ
ajfa-9359	588	9	depreciation	depreciation	NOUN
ajfa-9359	588	10	expense	expense	NOUN
ajfa-9359	588	11	to	to	ADP
ajfa-9359	588	12	total	total	ADJ
ajfa-9359	588	13	assets	asset	NOUN
ajfa-9359	588	14	.	.	PUNCT
ajfa-9359	589	1	asian	asian	ADJ
ajfa-9359	589	2	journal	journal	PROPN
ajfa-9359	589	3	of	of	ADP
ajfa-9359	589	4	finance	finance	PROPN
ajfa-9359	589	5	&	&	CCONJ
ajfa-9359	589	6	accounting	accounting	PROPN
ajfa-9359	589	7	issn	issn	PROPN
ajfa-9359	589	8	1946	1946	NUM
ajfa-9359	589	9	-	-	PUNCT
ajfa-9359	589	10	052x	052x	PROPN
ajfa-9359	589	11	2017	2017	NUM
ajfa-9359	589	12	,	,	PUNCT
ajfa-9359	589	13	vol	vol	NOUN
ajfa-9359	589	14	.	.	NOUN
ajfa-9359	589	15	9	9	NUM
ajfa-9359	589	16	,	,	PUNCT
ajfa-9359	589	17	no	no	INTJ
ajfa-9359	589	18	.	.	NOUN
ajfa-9359	589	19	1	1	NUM
ajfa-9359	589	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	589	21	31	31	NUM
ajfa-9359	589	22	table	table	NOUN
ajfa-9359	589	23	4.6	4.6	NUM
ajfa-9359	589	24	.	.	PUNCT
ajfa-9359	590	1	regression	regression	NOUN
ajfa-9359	590	2	result	result	NOUN
ajfa-9359	590	3	of	of	ADP
ajfa-9359	590	4	tda	tda	NOUN
ajfa-9359	590	5	and	and	CCONJ
ajfa-9359	590	6	the	the	DET
ajfa-9359	590	7	independents	independent	NOUN
ajfa-9359	590	8	variables	variable	VERB
ajfa-9359	590	9	variables	variable	NOUN
ajfa-9359	590	10	all	all	DET
ajfa-9359	590	11	periods	period	NOUN
ajfa-9359	590	12	(	(	PUNCT
ajfa-9359	590	13	2000	2000	NUM
ajfa-9359	590	14	-	-	SYM
ajfa-9359	590	15	2014	2014	NUM
ajfa-9359	590	16	)	)	PUNCT
ajfa-9359	590	17	pre	pre	ADJ
ajfa-9359	590	18	-	-	ADJ
ajfa-9359	590	19	crisis	crisis	ADJ
ajfa-9359	590	20	period	period	NOUN
ajfa-9359	590	21	(	(	PUNCT
ajfa-9359	590	22	2000	2000	NUM
ajfa-9359	590	23	-	-	SYM
ajfa-9359	590	24	2006	2006	NUM
ajfa-9359	590	25	)	)	PUNCT
ajfa-9359	590	26	crisis	crisis	NOUN
ajfa-9359	590	27	period	period	NOUN
ajfa-9359	590	28	(	(	PUNCT
ajfa-9359	590	29	2007	2007	NUM
ajfa-9359	590	30	-	-	SYM
ajfa-9359	590	31	2009	2009	NUM
ajfa-9359	590	32	)	)	PUNCT
ajfa-9359	590	33	post	post	ADJ
ajfa-9359	590	34	-	-	ADJ
ajfa-9359	590	35	crisis	crisis	ADJ
ajfa-9359	590	36	period	period	NOUN
ajfa-9359	590	37	(	(	PUNCT
ajfa-9359	590	38	2010	2010	NUM
ajfa-9359	590	39	-	-	SYM
ajfa-9359	590	40	2014	2014	NUM
ajfa-9359	590	41	)	)	PUNCT
ajfa-9359	590	42	tangibility	tangibility	NOUN
ajfa-9359	590	43	0.1639	0.1639	NUM
ajfa-9359	590	44	*	*	PUNCT
ajfa-9359	590	45	*	*	PUNCT
ajfa-9359	590	46	*	*	PUNCT
ajfa-9359	590	47	0.1678	0.1678	PUNCT
ajfa-9359	590	48	*	*	PUNCT
ajfa-9359	590	49	*	*	PUNCT
ajfa-9359	590	50	*	*	PUNCT
ajfa-9359	590	51	0.2147	0.2147	NUM
ajfa-9359	590	52	*	*	PUNCT
ajfa-9359	590	53	*	*	PUNCT
ajfa-9359	590	54	*	*	PUNCT
ajfa-9359	591	1	0.1583	0.1583	NUM
ajfa-9359	591	2	*	*	PUNCT
ajfa-9359	591	3	*	*	PUNCT
ajfa-9359	591	4	*	*	PUNCT
ajfa-9359	591	5	(	(	PUNCT
ajfa-9359	591	6	0.0115	0.0115	NUM
ajfa-9359	591	7	)	)	PUNCT
ajfa-9359	591	8	(	(	PUNCT
ajfa-9359	591	9	0.0180	0.0180	NUM
ajfa-9359	591	10	)	)	PUNCT
ajfa-9359	591	11	(	(	PUNCT
ajfa-9359	591	12	0.0308	0.0308	NUM
ajfa-9359	591	13	)	)	PUNCT
ajfa-9359	591	14	(	(	PUNCT
ajfa-9359	591	15	0.0175	0.0175	NUM
ajfa-9359	591	16	)	)	PUNCT
ajfa-9359	591	17	profitability	profitability	NOUN
ajfa-9359	591	18	-0.4189	-0.4189	NOUN
ajfa-9359	591	19	*	*	PUNCT
ajfa-9359	591	20	*	*	PUNCT
ajfa-9359	591	21	*	*	PUNCT
ajfa-9359	591	22	-0.5389	-0.5389	NOUN
ajfa-9359	591	23	*	*	PUNCT
ajfa-9359	591	24	*	*	PUNCT
ajfa-9359	591	25	*	*	PUNCT
ajfa-9359	591	26	-0.3453	-0.3453	NOUN
ajfa-9359	591	27	*	*	PUNCT
ajfa-9359	591	28	*	*	PUNCT
ajfa-9359	591	29	*	*	NOUN
ajfa-9359	591	30	-0.3601	-0.3601	X
ajfa-9359	591	31	*	*	PUNCT
ajfa-9359	591	32	*	*	PUNCT
ajfa-9359	591	33	*	*	PUNCT
ajfa-9359	591	34	(	(	PUNCT
ajfa-9359	591	35	0.0279	0.0279	NUM
ajfa-9359	591	36	)	)	PUNCT
ajfa-9359	591	37	(	(	PUNCT
ajfa-9359	591	38	0.0438	0.0438	NUM
ajfa-9359	591	39	)	)	PUNCT
ajfa-9359	591	40	(	(	PUNCT
ajfa-9359	591	41	0.0760	0.0760	NUM
ajfa-9359	591	42	)	)	PUNCT
ajfa-9359	591	43	(	(	PUNCT
ajfa-9359	591	44	0.0434	0.0434	NUM
ajfa-9359	591	45	)	)	PUNCT
ajfa-9359	591	46	growth	growth	NOUN
ajfa-9359	591	47	0.0173	0.0173	NUM
ajfa-9359	591	48	0.0257	0.0257	NUM
ajfa-9359	591	49	*	*	PUNCT
ajfa-9359	591	50	-0.0105	-0.0105	NOUN
ajfa-9359	591	51	0.0162	0.0162	NUM
ajfa-9359	591	52	(	(	PUNCT
ajfa-9359	591	53	0.0122	0.0122	NUM
ajfa-9359	591	54	)	)	PUNCT
ajfa-9359	591	55	(	(	PUNCT
ajfa-9359	591	56	0.0165	0.0165	NUM
ajfa-9359	591	57	)	)	PUNCT
ajfa-9359	591	58	(	(	PUNCT
ajfa-9359	591	59	0.0335	0.0335	NUM
ajfa-9359	591	60	)	)	PUNCT
ajfa-9359	591	61	(	(	PUNCT
ajfa-9359	591	62	0.0221	0.0221	NUM
ajfa-9359	591	63	)	)	PUNCT
ajfa-9359	591	64	size	size	NOUN
ajfa-9359	591	65	0.0038	0.0038	NUM
ajfa-9359	591	66	*	*	PUNCT
ajfa-9359	591	67	*	*	PUNCT
ajfa-9359	591	68	*	*	PUNCT
ajfa-9359	592	1	0.0057	0.0057	NUM
ajfa-9359	592	2	*	*	PUNCT
ajfa-9359	592	3	*	*	PUNCT
ajfa-9359	592	4	*	*	PUNCT
ajfa-9359	592	5	0.0018	0.0018	NUM
ajfa-9359	592	6	*	*	PUNCT
ajfa-9359	592	7	*	*	PUNCT
ajfa-9359	592	8	*	*	PUNCT
ajfa-9359	592	9	0.0039	0.0039	NUM
ajfa-9359	592	10	*	*	NOUN
ajfa-9359	592	11	*	*	PUNCT
ajfa-9359	592	12	(	(	PUNCT
ajfa-9359	592	13	0.0009	0.0009	NUM
ajfa-9359	592	14	)	)	PUNCT
ajfa-9359	592	15	(	(	PUNCT
ajfa-9359	592	16	0.0016	0.0016	NUM
ajfa-9359	592	17	)	)	PUNCT
ajfa-9359	592	18	(	(	PUNCT
ajfa-9359	592	19	0.0025	0.0025	NUM
ajfa-9359	592	20	)	)	PUNCT
ajfa-9359	592	21	(	(	PUNCT
ajfa-9359	592	22	0.0013	0.0013	NUM
ajfa-9359	592	23	)	)	PUNCT
ajfa-9359	592	24	liquidity	liquidity	NOUN
ajfa-9359	592	25	-0.0245	-0.0245	NOUN
ajfa-9359	592	26	*	*	PUNCT
ajfa-9359	592	27	*	*	PUNCT
ajfa-9359	592	28	*	*	NOUN
ajfa-9359	592	29	-0.0128	-0.0128	NOUN
ajfa-9359	592	30	*	*	PUNCT
ajfa-9359	592	31	*	*	PUNCT
ajfa-9359	592	32	*	*	PUNCT
ajfa-9359	592	33	-0.0081	-0.0081	PRON
ajfa-9359	592	34	*	*	PUNCT
ajfa-9359	592	35	*	*	PUNCT
ajfa-9359	592	36	*	*	PUNCT
ajfa-9359	592	37	-0.0348	-0.0348	VERB
ajfa-9359	592	38	*	*	PUNCT
ajfa-9359	592	39	*	*	PUNCT
ajfa-9359	592	40	*	*	PUNCT
ajfa-9359	592	41	(	(	PUNCT
ajfa-9359	592	42	0.0012	0.0012	NUM
ajfa-9359	592	43	)	)	PUNCT
ajfa-9359	592	44	(	(	PUNCT
ajfa-9359	592	45	0.0010	0.0010	NUM
ajfa-9359	592	46	)	)	PUNCT
ajfa-9359	592	47	(	(	PUNCT
ajfa-9359	592	48	0.0011	0.0011	NUM
ajfa-9359	592	49	)	)	PUNCT
ajfa-9359	592	50	(	(	PUNCT
ajfa-9359	592	51	0.0025	0.0025	NUM
ajfa-9359	592	52	)	)	PUNCT
ajfa-9359	592	53	ndts	ndts	NOUN
ajfa-9359	592	54	-1.0531	-1.0531	NOUN
ajfa-9359	592	55	*	*	NOUN
ajfa-9359	592	56	*	*	PUNCT
ajfa-9359	592	57	*	*	PUNCT
ajfa-9359	592	58	-0.5289	-0.5289	VERB
ajfa-9359	593	1	*	*	PUNCT
ajfa-9359	593	2	*	*	PUNCT
ajfa-9359	593	3	*	*	PUNCT
ajfa-9359	593	4	-1.2707	-1.2707	ADJ
ajfa-9359	594	1	*	*	PUNCT
ajfa-9359	594	2	*	*	PUNCT
ajfa-9359	594	3	*	*	PUNCT
ajfa-9359	594	4	-1.3561	-1.3561	NOUN
ajfa-9359	595	1	*	*	PUNCT
ajfa-9359	595	2	*	*	PUNCT
ajfa-9359	595	3	*	*	PUNCT
ajfa-9359	595	4	(	(	PUNCT
ajfa-9359	595	5	0.0942	0.0942	NUM
ajfa-9359	595	6	)	)	PUNCT
ajfa-9359	595	7	(	(	PUNCT
ajfa-9359	595	8	0.1520	0.1520	NUM
ajfa-9359	595	9	)	)	PUNCT
ajfa-9359	595	10	(	(	PUNCT
ajfa-9359	595	11	0.2490	0.2490	NUM
ajfa-9359	595	12	)	)	PUNCT
ajfa-9359	595	13	(	(	PUNCT
ajfa-9359	595	14	0.1341	0.1341	NUM
ajfa-9359	595	15	)	)	PUNCT
ajfa-9359	595	16	pre	pre	ADJ
ajfa-9359	595	17	-	-	NOUN
ajfa-9359	595	18	crisis	crisis	ADJ
ajfa-9359	595	19	dummy2001	dummy2001	PROPN
ajfa-9359	595	20	0.0108	0.0108	NUM
ajfa-9359	595	21	0.00863	0.00863	NUM
ajfa-9359	595	22	(	(	PUNCT
ajfa-9359	595	23	0.0154	0.0154	NUM
ajfa-9359	595	24	)	)	PUNCT
ajfa-9359	595	25	(	(	PUNCT
ajfa-9359	595	26	0.0153	0.0153	NUM
ajfa-9359	595	27	)	)	PUNCT
ajfa-9359	595	28	pre	pre	ADJ
ajfa-9359	595	29	-	-	NOUN
ajfa-9359	595	30	crisis	crisis	NOUN
ajfa-9359	595	31	dummy2002	dummy2002	NOUN
ajfa-9359	595	32	0.00551	0.00551	NUM
ajfa-9359	595	33	0.000416	0.000416	NUM
ajfa-9359	595	34	(	(	PUNCT
ajfa-9359	595	35	0.0154	0.0154	NUM
ajfa-9359	595	36	)	)	PUNCT
ajfa-9359	595	37	(	(	PUNCT
ajfa-9359	595	38	0.0154	0.0154	NUM
ajfa-9359	595	39	)	)	PUNCT
ajfa-9359	595	40	pre	pre	ADJ
ajfa-9359	595	41	-	-	NOUN
ajfa-9359	595	42	crisis	crisis	ADJ
ajfa-9359	595	43	dummy2003	dummy2003	NOUN
ajfa-9359	595	44	-0.00629	-0.00629	PUNCT
ajfa-9359	595	45	-0.00824	-0.00824	NOUN
ajfa-9359	595	46	(	(	PUNCT
ajfa-9359	595	47	0.0146	0.0146	NUM
ajfa-9359	595	48	)	)	PUNCT
ajfa-9359	595	49	(	(	PUNCT
ajfa-9359	595	50	0.0146	0.0146	NUM
ajfa-9359	595	51	)	)	PUNCT
ajfa-9359	595	52	e	e	NOUN
ajfa-9359	595	53	-	-	NOUN
ajfa-9359	595	54	crisis	crisis	NOUN
ajfa-9359	595	55	dummy2004	dummy2004	PROPN
ajfa-9359	595	56	-0.00751	-0.00751	NOUN
ajfa-9359	595	57	-0.00873	-0.00873	NOUN
ajfa-9359	595	58	(	(	PUNCT
ajfa-9359	595	59	0.0145	0.0145	NUM
ajfa-9359	595	60	)	)	PUNCT
ajfa-9359	595	61	(	(	PUNCT
ajfa-9359	595	62	0.0144	0.0144	NUM
ajfa-9359	595	63	)	)	PUNCT
ajfa-9359	595	64	pre	pre	ADJ
ajfa-9359	595	65	-	-	NOUN
ajfa-9359	595	66	crisis	crisis	ADJ
ajfa-9359	595	67	dummy2005	dummy2005	PROPN
ajfa-9359	595	68	-0.0238	-0.0238	PROPN
ajfa-9359	595	69	*	*	PROPN
ajfa-9359	595	70	-0.0222	-0.0222	NOUN
ajfa-9359	595	71	(	(	PUNCT
ajfa-9359	595	72	0.0145	0.0145	NUM
ajfa-9359	595	73	)	)	PUNCT
ajfa-9359	595	74	(	(	PUNCT
ajfa-9359	595	75	0.0143	0.0143	NUM
ajfa-9359	595	76	)	)	PUNCT
ajfa-9359	596	1	pre	pre	NOUN
ajfa-9359	596	2	-	-	NOUN
ajfa-9359	596	3	crisis	crisis	ADJ
ajfa-9359	596	4	dummy2006	dummy2006	PROPN
ajfa-9359	596	5	-0.0144	-0.0144	NOUN
ajfa-9359	596	6	-0.0118	-0.0118	PUNCT
ajfa-9359	596	7	(	(	PUNCT
ajfa-9359	596	8	0.0145	0.0145	NUM
ajfa-9359	596	9	)	)	PUNCT
ajfa-9359	596	10	(	(	PUNCT
ajfa-9359	596	11	0.0145	0.0145	NUM
ajfa-9359	596	12	)	)	PUNCT
ajfa-9359	596	13	crisis	crisis	NOUN
ajfa-9359	596	14	dummy	dummy	NOUN
ajfa-9359	596	15	2007	2007	NUM
ajfa-9359	596	16	-0.0267	-0.0267	NOUN
ajfa-9359	596	17	*	*	PUNCT
ajfa-9359	596	18	asian	asian	ADJ
ajfa-9359	596	19	journal	journal	NOUN
ajfa-9359	596	20	of	of	ADP
ajfa-9359	596	21	finance	finance	PROPN
ajfa-9359	596	22	&	&	CCONJ
ajfa-9359	596	23	accounting	accounting	PROPN
ajfa-9359	596	24	issn	issn	PROPN
ajfa-9359	596	25	1946	1946	NUM
ajfa-9359	596	26	-	-	PUNCT
ajfa-9359	596	27	052x	052x	PROPN
ajfa-9359	596	28	2017	2017	NUM
ajfa-9359	596	29	,	,	PUNCT
ajfa-9359	596	30	vol	vol	NOUN
ajfa-9359	596	31	.	.	NOUN
ajfa-9359	596	32	9	9	NUM
ajfa-9359	596	33	,	,	PUNCT
ajfa-9359	596	34	no	no	INTJ
ajfa-9359	596	35	.	.	NOUN
ajfa-9359	596	36	1	1	NUM
ajfa-9359	596	37	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	596	38	32	32	NUM
ajfa-9359	596	39	(	(	PUNCT
ajfa-9359	596	40	0.0140	0.0140	NUM
ajfa-9359	596	41	)	)	PUNCT
ajfa-9359	596	42	crisis	crisis	NOUN
ajfa-9359	596	43	dummy	dummy	NOUN
ajfa-9359	596	44	2008	2008	NUM
ajfa-9359	596	45	-0.0152	-0.0152	NOUN
ajfa-9359	596	46	0.0108	0.0108	NUM
ajfa-9359	596	47	(	(	PUNCT
ajfa-9359	596	48	0.0141	0.0141	NUM
ajfa-9359	596	49	)	)	PUNCT
ajfa-9359	596	50	(	(	PUNCT
ajfa-9359	596	51	0.0124	0.0124	NUM
ajfa-9359	596	52	)	)	PUNCT
ajfa-9359	596	53	crisis	crisis	NOUN
ajfa-9359	596	54	dummy	dummy	NOUN
ajfa-9359	596	55	2009	2009	NUM
ajfa-9359	596	56	-0.0246	-0.0246	NOUN
ajfa-9359	596	57	*	*	PUNCT
ajfa-9359	596	58	0.00199	0.00199	NUM
ajfa-9359	596	59	(	(	PUNCT
ajfa-9359	596	60	0.0141	0.0141	NUM
ajfa-9359	596	61	)	)	PUNCT
ajfa-9359	596	62	(	(	PUNCT
ajfa-9359	596	63	0.0127	0.0127	NUM
ajfa-9359	596	64	)	)	PUNCT
ajfa-9359	596	65	post	post	ADJ
ajfa-9359	596	66	-	-	ADJ
ajfa-9359	596	67	crisis	crisis	ADJ
ajfa-9359	596	68	dummy2010	dummy2010	NOUN
ajfa-9359	596	69	-0.0309	-0.0309	NOUN
ajfa-9359	596	70	*	*	PUNCT
ajfa-9359	597	1	*	*	PUNCT
ajfa-9359	597	2	(	(	PUNCT
ajfa-9359	597	3	0.0138	0.0138	NUM
ajfa-9359	597	4	)	)	PUNCT
ajfa-9359	597	5	post	post	ADJ
ajfa-9359	597	6	-	-	NOUN
ajfa-9359	597	7	crisis	crisis	ADJ
ajfa-9359	597	8	dummy2011	dummy2011	PROPN
ajfa-9359	597	9	-0.0215	-0.0215	VERB
ajfa-9359	598	1	0.00916	0.00916	NUM
ajfa-9359	598	2	(	(	PUNCT
ajfa-9359	598	3	0.0137	0.0137	NUM
ajfa-9359	598	4	)	)	PUNCT
ajfa-9359	598	5	(	(	PUNCT
ajfa-9359	598	6	0.0114	0.0114	NUM
ajfa-9359	598	7	)	)	PUNCT
ajfa-9359	598	8	post	post	ADJ
ajfa-9359	598	9	-	-	ADJ
ajfa-9359	598	10	crisis	crisis	ADJ
ajfa-9359	598	11	dummy2012	dummy2012	NOUN
ajfa-9359	598	12	-0.0156	-0.0156	NOUN
ajfa-9359	598	13	0.0161	0.0161	NUM
ajfa-9359	598	14	(	(	PUNCT
ajfa-9359	598	15	0.0139	0.0139	NUM
ajfa-9359	598	16	)	)	PUNCT
ajfa-9359	598	17	(	(	PUNCT
ajfa-9359	598	18	0.0116	0.0116	NUM
ajfa-9359	598	19	)	)	PUNCT
ajfa-9359	598	20	post	post	ADJ
ajfa-9359	598	21	-	-	ADJ
ajfa-9359	598	22	crisis	crisis	ADJ
ajfa-9359	598	23	dummy2013	dummy2013	NOUN
ajfa-9359	598	24	-0.00782	-0.00782	VERB
ajfa-9359	598	25	0.0243	0.0243	PRON
ajfa-9359	598	26	*	*	PUNCT
ajfa-9359	598	27	*	*	PUNCT
ajfa-9359	598	28	(	(	PUNCT
ajfa-9359	598	29	0.0142	0.0142	NUM
ajfa-9359	598	30	)	)	PUNCT
ajfa-9359	598	31	(	(	PUNCT
ajfa-9359	598	32	0.0120	0.0120	NUM
ajfa-9359	598	33	)	)	PUNCT
ajfa-9359	598	34	post	post	ADJ
ajfa-9359	598	35	-	-	NOUN
ajfa-9359	598	36	crisis	crisis	NOUN
ajfa-9359	598	37	dummy2014	dummy2014	PROPN
ajfa-9359	598	38	0.00240	0.00240	NUM
ajfa-9359	598	39	0.0357	0.0357	NUM
ajfa-9359	598	40	*	*	PUNCT
ajfa-9359	598	41	*	*	PUNCT
ajfa-9359	598	42	*	*	PUNCT
ajfa-9359	598	43	(	(	PUNCT
ajfa-9359	598	44	0.0140	0.0140	NUM
ajfa-9359	598	45	)	)	PUNCT
ajfa-9359	598	46	(	(	PUNCT
ajfa-9359	598	47	0.0117	0.0117	NUM
ajfa-9359	598	48	)	)	PUNCT
ajfa-9359	598	49	post	post	ADJ
ajfa-9359	598	50	-	-	NOUN
ajfa-9359	598	51	crisis	crisis	NOUN
ajfa-9359	598	52	dummy2015	dummy2015	PROPN
ajfa-9359	598	53	0.00225	0.00225	NUM
ajfa-9359	598	54	0.0267	0.0267	NUM
ajfa-9359	598	55	*	*	PUNCT
ajfa-9359	598	56	*	*	PUNCT
ajfa-9359	598	57	*	*	PUNCT
ajfa-9359	598	58	(	(	PUNCT
ajfa-9359	598	59	0.0142	0.0142	NUM
ajfa-9359	598	60	)	)	PUNCT
ajfa-9359	598	61	(	(	PUNCT
ajfa-9359	598	62	0.0119	0.0119	NUM
ajfa-9359	598	63	)	)	PUNCT
ajfa-9359	598	64	constant	constant	ADJ
ajfa-9359	598	65	0.2387	0.2387	NUM
ajfa-9359	598	66	*	*	PUNCT
ajfa-9359	598	67	*	*	PUNCT
ajfa-9359	598	68	*	*	PUNCT
ajfa-9359	598	69	0.1782	0.1782	NUM
ajfa-9359	598	70	*	*	PUNCT
ajfa-9359	598	71	*	*	PUNCT
ajfa-9359	598	72	*	*	PUNCT
ajfa-9359	598	73	0.2121	0.2121	NUM
ajfa-9359	598	74	*	*	PUNCT
ajfa-9359	598	75	*	*	PUNCT
ajfa-9359	598	76	*	*	PUNCT
ajfa-9359	598	77	0.2625	0.2625	NUM
ajfa-9359	598	78	*	*	PUNCT
ajfa-9359	598	79	*	*	PUNCT
ajfa-9359	598	80	*	*	PUNCT
ajfa-9359	598	81	(	(	PUNCT
ajfa-9359	598	82	0.0179	0.0179	NUM
ajfa-9359	598	83	)	)	PUNCT
ajfa-9359	598	84	(	(	PUNCT
ajfa-9359	598	85	0.0284	0.0284	NUM
ajfa-9359	598	86	)	)	PUNCT
ajfa-9359	598	87	(	(	PUNCT
ajfa-9359	598	88	0.0462	0.0462	NUM
ajfa-9359	598	89	)	)	PUNCT
ajfa-9359	598	90	(	(	PUNCT
ajfa-9359	598	91	0.0267	0.0267	NUM
ajfa-9359	598	92	)	)	PUNCT
ajfa-9359	598	93	r2	r2	NOUN
ajfa-9359	598	94	0.2309	0.2309	NUM
ajfa-9359	598	95	0.2232	0.2232	NUM
ajfa-9359	599	1	0.2180	0.2180	NUM
ajfa-9359	599	2	0.2373	0.2373	NUM
ajfa-9359	599	3	notes	note	VERB
ajfa-9359	599	4	:	:	PUNCT
ajfa-9359	599	5	the	the	DET
ajfa-9359	599	6	dependent	dependent	ADJ
ajfa-9359	599	7	variable	variable	NOUN
ajfa-9359	599	8	tda	tda	NOUN
ajfa-9359	599	9	is	be	AUX
ajfa-9359	599	10	defined	define	VERB
ajfa-9359	599	11	as	as	ADP
ajfa-9359	599	12	the	the	DET
ajfa-9359	599	13	ratio	ratio	NOUN
ajfa-9359	599	14	of	of	ADP
ajfa-9359	599	15	total	total	ADJ
ajfa-9359	599	16	debt	debt	NOUN
ajfa-9359	599	17	to	to	ADP
ajfa-9359	599	18	total	total	ADJ
ajfa-9359	599	19	assets	asset	NOUN
ajfa-9359	599	20	.	.	PUNCT
ajfa-9359	600	1	“	"	PUNCT
ajfa-9359	600	2	tangibility	tangibility	NOUN
ajfa-9359	600	3	”	"	PUNCT
ajfa-9359	600	4	is	be	AUX
ajfa-9359	600	5	the	the	DET
ajfa-9359	600	6	ratio	ratio	NOUN
ajfa-9359	600	7	of	of	ADP
ajfa-9359	600	8	fixed	fix	VERB
ajfa-9359	600	9	assets	asset	NOUN
ajfa-9359	600	10	to	to	ADP
ajfa-9359	600	11	total	total	ADJ
ajfa-9359	600	12	assets	asset	NOUN
ajfa-9359	600	13	.	.	PUNCT
ajfa-9359	601	1	“	"	PUNCT
ajfa-9359	601	2	profitability	profitability	NOUN
ajfa-9359	601	3	”	"	PUNCT
ajfa-9359	601	4	'	'	PUNCT
ajfa-9359	601	5	is	be	AUX
ajfa-9359	601	6	the	the	DET
ajfa-9359	601	7	ratio	ratio	NOUN
ajfa-9359	601	8	of	of	ADP
ajfa-9359	601	9	ebitd	ebitd	NOUN
ajfa-9359	601	10	to	to	ADP
ajfa-9359	601	11	total	total	ADJ
ajfa-9359	601	12	assets	asset	NOUN
ajfa-9359	601	13	.	.	PUNCT
ajfa-9359	602	1	“	"	PUNCT
ajfa-9359	602	2	growth	growth	NOUN
ajfa-9359	602	3	”	"	PUNCT
ajfa-9359	602	4	is	be	AUX
ajfa-9359	602	5	the	the	DET
ajfa-9359	602	6	ratio	ratio	NOUN
ajfa-9359	602	7	of	of	ADP
ajfa-9359	602	8	percentage	percentage	NOUN
ajfa-9359	602	9	increase	increase	NOUN
ajfa-9359	602	10	(	(	PUNCT
ajfa-9359	602	11	change	change	NOUN
ajfa-9359	602	12	)	)	PUNCT
ajfa-9359	602	13	in	in	ADP
ajfa-9359	602	14	total	total	ADJ
ajfa-9359	602	15	assets	asset	NOUN
ajfa-9359	602	16	(	(	PUNCT
ajfa-9359	602	17	total	total	ADJ
ajfa-9359	602	18	assets	asset	NOUN
ajfa-9359	602	19	current	current	ADJ
ajfa-9359	602	20	year	year	NOUN
ajfa-9359	602	21	minus	minus	ADP
ajfa-9359	602	22	total	total	ADJ
ajfa-9359	602	23	assets	asset	NOUN
ajfa-9359	602	24	previous	previous	ADJ
ajfa-9359	602	25	year	year	NOUN
ajfa-9359	602	26	to	to	ADP
ajfa-9359	602	27	total	total	ADJ
ajfa-9359	602	28	assets	asset	NOUN
ajfa-9359	602	29	current	current	ADJ
ajfa-9359	602	30	year	year	NOUN
ajfa-9359	602	31	“	"	PUNCT
ajfa-9359	602	32	size	size	NOUN
ajfa-9359	602	33	”	"	PUNCT
ajfa-9359	602	34	is	be	AUX
ajfa-9359	602	35	the	the	DET
ajfa-9359	602	36	natural	natural	ADJ
ajfa-9359	602	37	logarithm	logarithm	NOUN
ajfa-9359	602	38	of	of	ADP
ajfa-9359	602	39	assets	asset	NOUN
ajfa-9359	602	40	.	.	PUNCT
ajfa-9359	603	1	“	"	PUNCT
ajfa-9359	603	2	liquidity	liquidity	NOUN
ajfa-9359	603	3	”	"	PUNCT
ajfa-9359	603	4	is	be	AUX
ajfa-9359	603	5	the	the	DET
ajfa-9359	603	6	ratio	ratio	NOUN
ajfa-9359	603	7	of	of	ADP
ajfa-9359	603	8	current	current	ADJ
ajfa-9359	603	9	assets	asset	NOUN
ajfa-9359	603	10	to	to	ADP
ajfa-9359	603	11	current	current	ADJ
ajfa-9359	603	12	liabilities	liability	NOUN
ajfa-9359	603	13	.	.	PUNCT
ajfa-9359	604	1	“	"	PUNCT
ajfa-9359	604	2	ndts	ndts	NOUN
ajfa-9359	604	3	”	"	PUNCT
ajfa-9359	604	4	is	be	AUX
ajfa-9359	604	5	the	the	DET
ajfa-9359	604	6	ratio	ratio	NOUN
ajfa-9359	604	7	of	of	ADP
ajfa-9359	604	8	annual	annual	ADJ
ajfa-9359	604	9	depreciation	depreciation	NOUN
ajfa-9359	604	10	expense	expense	NOUN
ajfa-9359	604	11	to	to	ADP
ajfa-9359	604	12	total	total	ADJ
ajfa-9359	604	13	assets	asset	NOUN
ajfa-9359	604	14	.	.	PUNCT
ajfa-9359	605	1	“	"	PUNCT
ajfa-9359	605	2	age	age	NOUN
ajfa-9359	605	3	“	"	PUNCT
ajfa-9359	605	4	of	of	ADP
ajfa-9359	605	5	the	the	DET
ajfa-9359	605	6	firm	firm	NOUN
ajfa-9359	605	7	in	in	ADP
ajfa-9359	605	8	years	year	NOUN
ajfa-9359	605	9	at	at	ADP
ajfa-9359	605	10	the	the	DET
ajfa-9359	605	11	time	time	NOUN
ajfa-9359	605	12	of	of	ADP
ajfa-9359	605	13	the	the	DET
ajfa-9359	605	14	survey	survey	NOUN
ajfa-9359	605	15	.	.	PUNCT
ajfa-9359	606	1	asian	asian	ADJ
ajfa-9359	606	2	journal	journal	PROPN
ajfa-9359	606	3	of	of	ADP
ajfa-9359	606	4	finance	finance	PROPN
ajfa-9359	606	5	&	&	CCONJ
ajfa-9359	606	6	accounting	accounting	PROPN
ajfa-9359	606	7	issn	issn	PROPN
ajfa-9359	606	8	1946	1946	NUM
ajfa-9359	606	9	-	-	PUNCT
ajfa-9359	606	10	052x	052x	PROPN
ajfa-9359	606	11	2017	2017	NUM
ajfa-9359	606	12	,	,	PUNCT
ajfa-9359	606	13	vol	vol	NOUN
ajfa-9359	606	14	.	.	NOUN
ajfa-9359	606	15	9	9	NUM
ajfa-9359	606	16	,	,	PUNCT
ajfa-9359	607	1	no	no	INTJ
ajfa-9359	607	2	.	.	NOUN
ajfa-9359	607	3	1	1	NUM
ajfa-9359	607	4	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	607	5	33	33	NUM
ajfa-9359	607	6	(	(	PUNCT
ajfa-9359	607	7	*	*	PUNCT
ajfa-9359	607	8	*	*	PUNCT
ajfa-9359	607	9	*	*	NOUN
ajfa-9359	607	10	)	)	PUNCT
ajfa-9359	607	11	significant	significant	ADJ
ajfa-9359	607	12	at	at	ADP
ajfa-9359	607	13	the	the	DET
ajfa-9359	607	14	1	1	NUM
ajfa-9359	607	15	%	%	NOUN
ajfa-9359	607	16	level	level	NOUN
ajfa-9359	607	17	;	;	PUNCT
ajfa-9359	607	18	(	(	PUNCT
ajfa-9359	607	19	*	*	PUNCT
ajfa-9359	607	20	*	*	NOUN
ajfa-9359	607	21	)	)	PUNCT
ajfa-9359	607	22	significant	significant	ADJ
ajfa-9359	607	23	at	at	ADP
ajfa-9359	607	24	the	the	DET
ajfa-9359	607	25	5	5	NUM
ajfa-9359	607	26	%	%	NOUN
ajfa-9359	607	27	level	level	NOUN
ajfa-9359	607	28	;	;	PUNCT
ajfa-9359	607	29	(	(	PUNCT
ajfa-9359	607	30	*	*	X
ajfa-9359	607	31	)	)	PUNCT
ajfa-9359	607	32	significant	significant	ADJ
ajfa-9359	607	33	at	at	ADP
ajfa-9359	607	34	the	the	DET
ajfa-9359	607	35	10	10	NUM
ajfa-9359	607	36	%	%	NOUN
ajfa-9359	607	37	level	level	NOUN
ajfa-9359	607	38	table	table	NOUN
ajfa-9359	607	39	4.7	4.7	NUM
ajfa-9359	607	40	.	.	PUNCT
ajfa-9359	608	1	the	the	DET
ajfa-9359	608	2	impact	impact	NOUN
ajfa-9359	608	3	of	of	ADP
ajfa-9359	608	4	the	the	DET
ajfa-9359	608	5	global	global	ADJ
ajfa-9359	608	6	financial	financial	ADJ
ajfa-9359	608	7	crisis	crisis	NOUN
ajfa-9359	608	8	on	on	ADP
ajfa-9359	608	9	the	the	DET
ajfa-9359	608	10	descriptive	descriptive	ADJ
ajfa-9359	608	11	statistics	statistic	NOUN
ajfa-9359	608	12	,	,	PUNCT
ajfa-9359	608	13	(	(	PUNCT
ajfa-9359	608	14	mean	mean	NOUN
ajfa-9359	608	15	)	)	PUNCT
ajfa-9359	608	16	pre	pre	ADJ
ajfa-9359	608	17	-	-	ADJ
ajfa-9359	608	18	crisis	crisis	ADJ
ajfa-9359	608	19	period	period	NOUN
ajfa-9359	608	20	(	(	PUNCT
ajfa-9359	608	21	2000	2000	NUM
ajfa-9359	608	22	-	-	SYM
ajfa-9359	608	23	2006	2006	NUM
ajfa-9359	608	24	)	)	PUNCT
ajfa-9359	608	25	crisis	crisis	NOUN
ajfa-9359	608	26	period	period	NOUN
ajfa-9359	608	27	(	(	PUNCT
ajfa-9359	608	28	2007	2007	NUM
ajfa-9359	608	29	-	-	SYM
ajfa-9359	608	30	2009	2009	NUM
ajfa-9359	608	31	)	)	PUNCT
ajfa-9359	608	32	post	post	ADJ
ajfa-9359	608	33	-	-	ADJ
ajfa-9359	608	34	crisis	crisis	ADJ
ajfa-9359	608	35	period	period	NOUN
ajfa-9359	608	36	(	(	PUNCT
ajfa-9359	608	37	2010	2010	NUM
ajfa-9359	608	38	-	-	SYM
ajfa-9359	608	39	2014	2014	NUM
ajfa-9359	608	40	)	)	PUNCT
ajfa-9359	608	41	explanatory	explanatory	ADJ
ajfa-9359	608	42	variable	variable	NOUN
ajfa-9359	608	43	0.2534	0.2534	NUM
ajfa-9359	608	44	0.2298	0.2298	NUM
ajfa-9359	608	45	0.2422	0.2422	NUM
ajfa-9359	608	46	tda	tda	NOUN
ajfa-9359	608	47	0.523	0.523	NUM
ajfa-9359	608	48	0.5076	0.5076	NUM
ajfa-9359	608	49	0.5296	0.5296	NUM
ajfa-9359	608	50	tangibility	tangibility	NOUN
ajfa-9359	608	51	0.0724	0.0724	NUM
ajfa-9359	608	52	0.1117	0.1117	NUM
ajfa-9359	608	53	0.1088	0.1088	NUM
ajfa-9359	608	54	profitability	profitability	NOUN
ajfa-9359	608	55	0.1238	0.1238	NUM
ajfa-9359	608	56	0.1896	0.1896	NUM
ajfa-9359	608	57	0.1975	0.1975	NUM
ajfa-9359	608	58	growth	growth	NOUN
ajfa-9359	608	59	16.4411	16.4411	NUM
ajfa-9359	608	60	16.0171	16.0171	NUM
ajfa-9359	608	61	15.4347	15.4347	NUM
ajfa-9359	608	62	size	size	NOUN
ajfa-9359	608	63	1.6871	1.6871	NUM
ajfa-9359	608	64	2.2527	2.2527	NUM
ajfa-9359	608	65	1.9493	1.9493	NUM
ajfa-9359	608	66	liquidity	liquidity	NOUN
ajfa-9359	608	67	0.0457	0.0457	NUM
ajfa-9359	608	68	0.0443	0.0443	NUM
ajfa-9359	608	69	0.0504	0.0504	NUM
ajfa-9359	608	70	ndts	ndts	ADJ
ajfa-9359	608	71	notes	note	VERB
ajfa-9359	608	72	:	:	PUNCT
ajfa-9359	608	73	the	the	DET
ajfa-9359	608	74	dependent	dependent	ADJ
ajfa-9359	608	75	variable	variable	NOUN
ajfa-9359	608	76	tda	tda	NOUN
ajfa-9359	608	77	is	be	AUX
ajfa-9359	608	78	defined	define	VERB
ajfa-9359	608	79	as	as	ADP
ajfa-9359	608	80	the	the	DET
ajfa-9359	608	81	ratio	ratio	NOUN
ajfa-9359	608	82	of	of	ADP
ajfa-9359	608	83	total	total	ADJ
ajfa-9359	608	84	debt	debt	NOUN
ajfa-9359	608	85	to	to	ADP
ajfa-9359	608	86	total	total	ADJ
ajfa-9359	608	87	assets	asset	NOUN
ajfa-9359	608	88	.	.	PUNCT
ajfa-9359	609	1	“	"	PUNCT
ajfa-9359	609	2	tangibility	tangibility	NOUN
ajfa-9359	609	3	”	"	PUNCT
ajfa-9359	609	4	is	be	AUX
ajfa-9359	609	5	the	the	DET
ajfa-9359	609	6	ratio	ratio	NOUN
ajfa-9359	609	7	of	of	ADP
ajfa-9359	609	8	fixed	fix	VERB
ajfa-9359	609	9	assets	asset	NOUN
ajfa-9359	609	10	to	to	ADP
ajfa-9359	609	11	total	total	ADJ
ajfa-9359	609	12	assets	asset	NOUN
ajfa-9359	609	13	.	.	PUNCT
ajfa-9359	610	1	“	"	PUNCT
ajfa-9359	610	2	profitability	profitability	NOUN
ajfa-9359	610	3	”	"	PUNCT
ajfa-9359	610	4	'	'	PUNCT
ajfa-9359	610	5	is	be	AUX
ajfa-9359	610	6	the	the	DET
ajfa-9359	610	7	ratio	ratio	NOUN
ajfa-9359	610	8	of	of	ADP
ajfa-9359	610	9	ebitd	ebitd	NOUN
ajfa-9359	610	10	to	to	ADP
ajfa-9359	610	11	total	total	ADJ
ajfa-9359	610	12	assets	asset	NOUN
ajfa-9359	610	13	.	.	PUNCT
ajfa-9359	611	1	“	"	PUNCT
ajfa-9359	611	2	growth	growth	NOUN
ajfa-9359	611	3	”	"	PUNCT
ajfa-9359	611	4	is	be	AUX
ajfa-9359	611	5	the	the	DET
ajfa-9359	611	6	ratio	ratio	NOUN
ajfa-9359	611	7	of	of	ADP
ajfa-9359	611	8	percentage	percentage	NOUN
ajfa-9359	611	9	increase	increase	NOUN
ajfa-9359	611	10	(	(	PUNCT
ajfa-9359	611	11	change	change	NOUN
ajfa-9359	611	12	)	)	PUNCT
ajfa-9359	611	13	in	in	ADP
ajfa-9359	611	14	total	total	ADJ
ajfa-9359	611	15	assets	asset	NOUN
ajfa-9359	611	16	(	(	PUNCT
ajfa-9359	611	17	total	total	ADJ
ajfa-9359	611	18	assets	asset	NOUN
ajfa-9359	611	19	current	current	ADJ
ajfa-9359	611	20	year	year	NOUN
ajfa-9359	611	21	minus	minus	ADP
ajfa-9359	611	22	total	total	ADJ
ajfa-9359	611	23	assets	asset	NOUN
ajfa-9359	611	24	previous	previous	ADJ
ajfa-9359	611	25	year	year	NOUN
ajfa-9359	611	26	to	to	ADP
ajfa-9359	611	27	total	total	ADJ
ajfa-9359	611	28	assets	asset	NOUN
ajfa-9359	611	29	current	current	ADJ
ajfa-9359	611	30	year	year	NOUN
ajfa-9359	611	31	“	"	PUNCT
ajfa-9359	611	32	size	size	NOUN
ajfa-9359	611	33	”	"	PUNCT
ajfa-9359	611	34	is	be	AUX
ajfa-9359	611	35	the	the	DET
ajfa-9359	611	36	natural	natural	ADJ
ajfa-9359	611	37	logarithm	logarithm	NOUN
ajfa-9359	611	38	of	of	ADP
ajfa-9359	611	39	assets	asset	NOUN
ajfa-9359	611	40	.	.	PUNCT
ajfa-9359	612	1	“	"	PUNCT
ajfa-9359	612	2	liquidity	liquidity	NOUN
ajfa-9359	612	3	”	"	PUNCT
ajfa-9359	612	4	is	be	AUX
ajfa-9359	612	5	the	the	DET
ajfa-9359	612	6	ratio	ratio	NOUN
ajfa-9359	612	7	of	of	ADP
ajfa-9359	612	8	current	current	ADJ
ajfa-9359	612	9	assets	asset	NOUN
ajfa-9359	612	10	to	to	ADP
ajfa-9359	612	11	current	current	ADJ
ajfa-9359	612	12	liabilities	liability	NOUN
ajfa-9359	612	13	.	.	PUNCT
ajfa-9359	613	1	“	"	PUNCT
ajfa-9359	613	2	ndts	ndts	NOUN
ajfa-9359	613	3	”	"	PUNCT
ajfa-9359	613	4	is	be	AUX
ajfa-9359	613	5	the	the	DET
ajfa-9359	613	6	ratio	ratio	NOUN
ajfa-9359	613	7	of	of	ADP
ajfa-9359	613	8	annual	annual	ADJ
ajfa-9359	613	9	depreciation	depreciation	NOUN
ajfa-9359	613	10	expense	expense	NOUN
ajfa-9359	613	11	to	to	ADP
ajfa-9359	613	12	total	total	ADJ
ajfa-9359	613	13	assets	asset	NOUN
ajfa-9359	613	14	.	.	PUNCT
ajfa-9359	614	1	asian	asian	ADJ
ajfa-9359	614	2	journal	journal	PROPN
ajfa-9359	614	3	of	of	ADP
ajfa-9359	614	4	finance	finance	PROPN
ajfa-9359	614	5	&	&	CCONJ
ajfa-9359	614	6	accounting	accounting	PROPN
ajfa-9359	614	7	issn	issn	PROPN
ajfa-9359	614	8	1946	1946	NUM
ajfa-9359	614	9	-	-	PUNCT
ajfa-9359	614	10	052x	052x	PROPN
ajfa-9359	614	11	2017	2017	NUM
ajfa-9359	614	12	,	,	PUNCT
ajfa-9359	614	13	vol	vol	NOUN
ajfa-9359	614	14	.	.	NOUN
ajfa-9359	614	15	9	9	NUM
ajfa-9359	614	16	,	,	PUNCT
ajfa-9359	614	17	no	no	INTJ
ajfa-9359	614	18	.	.	NOUN
ajfa-9359	614	19	1	1	NUM
ajfa-9359	614	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-9359	614	21	34	34	NUM
ajfa-9359	614	22	table	table	NOUN
ajfa-9359	614	23	4.8	4.8	NUM
ajfa-9359	614	24	.	.	PUNCT
ajfa-9359	615	1	comparison	comparison	NOUN
ajfa-9359	615	2	of	of	ADP
ajfa-9359	615	3	the	the	DET
ajfa-9359	615	4	determinants	determinant	NOUN
ajfa-9359	615	5	during	during	ADP
ajfa-9359	615	6	the	the	DET
ajfa-9359	615	7	three	three	NUM
ajfa-9359	615	8	different	different	ADJ
ajfa-9359	615	9	periods	period	NOUN
ajfa-9359	615	10	table	table	NOUN
ajfa-9359	615	11	4.9	4.9	NUM
ajfa-9359	615	12	.	.	PUNCT
ajfa-9359	616	1	summary	summary	NOUN
ajfa-9359	616	2	of	of	ADP
ajfa-9359	616	3	results	result	NOUN
ajfa-9359	616	4	supporting	support	VERB
ajfa-9359	616	5	capital	capital	NOUN
ajfa-9359	616	6	structure	structure	NOUN
ajfa-9359	616	7	theories	theory	NOUN
ajfa-9359	616	8	variable	variable	ADJ
ajfa-9359	616	9	effect	effect	NOUN
ajfa-9359	616	10	theory	theory	NOUN
ajfa-9359	616	11	tangibility	tangibility	NOUN
ajfa-9359	616	12	+	+	CCONJ
ajfa-9359	616	13	pecking	pecking	NOUN
ajfa-9359	616	14	order	order	NOUN
ajfa-9359	616	15	theory	theory	NOUN
ajfa-9359	616	16	,	,	PUNCT
ajfa-9359	616	17	trade	trade	NOUN
ajfa-9359	616	18	-	-	PUNCT
ajfa-9359	616	19	off	off	ADP
ajfa-9359	616	20	theory	theory	NOUN
ajfa-9359	616	21	,	,	PUNCT
ajfa-9359	616	22	agency	agency	NOUN
ajfa-9359	616	23	cost	cost	NOUN
ajfa-9359	616	24	theory	theory	NOUN
ajfa-9359	616	25	profitability	profitability	NOUN
ajfa-9359	616	26	pecking	pecking	NOUN
ajfa-9359	616	27	order	order	NOUN
ajfa-9359	616	28	theory	theory	NOUN
ajfa-9359	616	29	growth	growth	NOUN
ajfa-9359	616	30	+	+	CCONJ
ajfa-9359	616	31	pecking	pecking	NOUN
ajfa-9359	616	32	order	order	NOUN
ajfa-9359	616	33	theory	theory	NOUN
ajfa-9359	616	34	size	size	NOUN
ajfa-9359	616	35	+	+	CCONJ
ajfa-9359	616	36	trade	trade	NOUN
ajfa-9359	616	37	-	-	PUNCT
ajfa-9359	616	38	off	off	ADP
ajfa-9359	616	39	theory	theory	NOUN
ajfa-9359	616	40	,	,	PUNCT
ajfa-9359	616	41	agency	agency	NOUN
ajfa-9359	616	42	cost	cost	NOUN
ajfa-9359	616	43	theory	theory	NOUN
ajfa-9359	616	44	liquidity	liquidity	NOUN
ajfa-9359	616	45	pecking	pecking	NOUN
ajfa-9359	616	46	order	order	NOUN
ajfa-9359	616	47	theory	theory	NOUN
ajfa-9359	616	48	,	,	PUNCT
ajfa-9359	616	49	agency	agency	NOUN
ajfa-9359	616	50	cost	cost	NOUN
ajfa-9359	616	51	theory	theory	NOUN
ajfa-9359	616	52	ndts	ndts	VERB
ajfa-9359	616	53	trade	trade	NOUN
ajfa-9359	616	54	-	-	PUNCT
ajfa-9359	616	55	off	off	ADP
ajfa-9359	616	56	theory	theory	NOUN
ajfa-9359	616	57	explanatory	explanatory	ADJ
ajfa-9359	616	58	variable	variable	NOUN
ajfa-9359	616	59	all	all	DET
ajfa-9359	616	60	period	period	NOUN
ajfa-9359	616	61	(	(	PUNCT
ajfa-9359	616	62	2000	2000	NUM
ajfa-9359	616	63	-	-	SYM
ajfa-9359	616	64	2014	2014	NUM
ajfa-9359	616	65	)	)	PUNCT
ajfa-9359	616	66	pre	pre	ADJ
ajfa-9359	616	67	-	-	ADJ
ajfa-9359	616	68	crisis	crisis	ADJ
ajfa-9359	616	69	period	period	NOUN
ajfa-9359	616	70	(	(	PUNCT
ajfa-9359	616	71	2000	2000	NUM
ajfa-9359	616	72	-	-	SYM
ajfa-9359	616	73	2006	2006	NUM
ajfa-9359	616	74	)	)	PUNCT
ajfa-9359	616	75	crisis	crisis	NOUN
ajfa-9359	616	76	period	period	NOUN
ajfa-9359	616	77	(	(	PUNCT
ajfa-9359	616	78	2007	2007	NUM
ajfa-9359	616	79	-	-	SYM
ajfa-9359	616	80	2009	2009	NUM
ajfa-9359	616	81	)	)	PUNCT
ajfa-9359	616	82	post	post	ADJ
ajfa-9359	616	83	-	-	ADJ
ajfa-9359	616	84	crisis	crisis	ADJ
ajfa-9359	616	85	period	period	NOUN
ajfa-9359	616	86	(	(	PUNCT
ajfa-9359	616	87	2010	2010	NUM
ajfa-9359	616	88	-	-	SYM
ajfa-9359	616	89	2014	2014	NUM
ajfa-9359	616	90	)	)	PUNCT
ajfa-9359	616	91	tangibility	tangibility	NOUN
ajfa-9359	616	92	0.1639	0.1639	NUM
ajfa-9359	616	93	*	*	PUNCT
ajfa-9359	616	94	*	*	PUNCT
ajfa-9359	616	95	*	*	PUNCT
ajfa-9359	616	96	0.1678	0.1678	PUNCT
ajfa-9359	616	97	*	*	PUNCT
ajfa-9359	616	98	*	*	PUNCT
ajfa-9359	616	99	*	*	PUNCT
ajfa-9359	616	100	0.2147	0.2147	NUM
ajfa-9359	616	101	*	*	PUNCT
ajfa-9359	616	102	*	*	PUNCT
ajfa-9359	616	103	*	*	PUNCT
ajfa-9359	617	1	0.1583	0.1583	NUM
ajfa-9359	617	2	*	*	PUNCT
ajfa-9359	617	3	*	*	PUNCT
ajfa-9359	617	4	*	*	PUNCT
ajfa-9359	617	5	profitability	profitability	NOUN
ajfa-9359	617	6	0.4189	0.4189	NUM
ajfa-9359	617	7	*	*	PUNCT
ajfa-9359	617	8	*	*	PUNCT
ajfa-9359	617	9	*	*	PUNCT
ajfa-9359	617	10	0.5389	0.5389	NUM
ajfa-9359	617	11	*	*	PUNCT
ajfa-9359	617	12	*	*	PUNCT
ajfa-9359	617	13	*	*	PUNCT
ajfa-9359	617	14	0.3453	0.3453	NUM
ajfa-9359	617	15	*	*	PUNCT
ajfa-9359	617	16	*	*	PUNCT
ajfa-9359	617	17	*	*	PUNCT
ajfa-9359	617	18	0.3601	0.3601	PUNCT
ajfa-9359	617	19	*	*	PUNCT
ajfa-9359	617	20	*	*	PUNCT
ajfa-9359	617	21	*	*	PUNCT
ajfa-9359	617	22	growth	growth	NOUN
ajfa-9359	617	23	0.0173	0.0173	NUM
ajfa-9359	617	24	0.0257	0.0257	NUM
ajfa-9359	617	25	*	*	PUNCT
ajfa-9359	617	26	0.0105	0.0105	NUM
ajfa-9359	617	27	0.0162	0.0162	NUM
ajfa-9359	617	28	size	size	NOUN
ajfa-9359	617	29	0.0038	0.0038	NUM
ajfa-9359	617	30	*	*	PUNCT
ajfa-9359	617	31	*	*	PUNCT
ajfa-9359	617	32	*	*	PUNCT
ajfa-9359	617	33	0.0057	0.0057	NUM
ajfa-9359	617	34	*	*	PUNCT
ajfa-9359	617	35	*	*	PUNCT
ajfa-9359	617	36	*	*	PUNCT
ajfa-9359	617	37	0.0018	0.0018	NUM
ajfa-9359	617	38	*	*	PUNCT
ajfa-9359	617	39	*	*	PUNCT
ajfa-9359	617	40	*	*	PUNCT
ajfa-9359	617	41	0.0039	0.0039	NUM
ajfa-9359	617	42	*	*	PUNCT
ajfa-9359	617	43	*	*	PUNCT
ajfa-9359	617	44	liquidity	liquidity	NOUN
ajfa-9359	617	45	0.0245	0.0245	NUM
ajfa-9359	617	46	*	*	PUNCT
ajfa-9359	617	47	*	*	PUNCT
ajfa-9359	617	48	*	*	PUNCT
ajfa-9359	617	49	0.0128	0.0128	PUNCT
ajfa-9359	617	50	*	*	PUNCT
ajfa-9359	617	51	*	*	PUNCT
ajfa-9359	617	52	*	*	PUNCT
ajfa-9359	617	53	0.0081	0.0081	NUM
ajfa-9359	617	54	*	*	PUNCT
ajfa-9359	617	55	*	*	PUNCT
ajfa-9359	617	56	*	*	PUNCT
ajfa-9359	618	1	0.0348	0.0348	NUM
ajfa-9359	618	2	*	*	PUNCT
ajfa-9359	618	3	*	*	PUNCT
ajfa-9359	618	4	*	*	PUNCT
ajfa-9359	618	5	non	non	ADJ
ajfa-9359	618	6	-	-	ADJ
ajfa-9359	618	7	debt	debt	ADJ
ajfa-9359	618	8	tax	tax	NOUN
ajfa-9359	618	9	shield	shield	NOUN
ajfa-9359	618	10	1.0531	1.0531	NUM
ajfa-9359	618	11	*	*	NOUN
ajfa-9359	618	12	*	*	PUNCT
ajfa-9359	618	13	*	*	PUNCT
ajfa-9359	618	14	0.5289	0.5289	PUNCT
ajfa-9359	618	15	*	*	PUNCT
ajfa-9359	618	16	*	*	PUNCT
ajfa-9359	618	17	*	*	PUNCT
ajfa-9359	618	18	1.2707	1.2707	NUM
ajfa-9359	618	19	*	*	PUNCT
ajfa-9359	618	20	*	*	PUNCT
ajfa-9359	618	21	*	*	PUNCT
ajfa-9359	618	22	1.3561	1.3561	NUM
ajfa-9359	618	23	*	*	PUNCT
ajfa-9359	618	24	*	*	PUNCT
ajfa-9359	618	25	*	*	PUNCT
ajfa-9359	618	26	constant	constant	ADJ
ajfa-9359	618	27	0.2387	0.2387	NUM
ajfa-9359	618	28	*	*	PUNCT
ajfa-9359	618	29	*	*	PUNCT
ajfa-9359	618	30	*	*	PUNCT
ajfa-9359	619	1	0.1933	0.1933	NUM
ajfa-9359	619	2	*	*	PUNCT
ajfa-9359	619	3	0.1933	0.1933	NUM
ajfa-9359	619	4	*	*	PUNCT
ajfa-9359	619	5	*	*	PUNCT
ajfa-9359	619	6	0.2551	0.2551	PUNCT
ajfa-9359	619	7	*	*	PUNCT
ajfa-9359	619	8	*	*	PUNCT
ajfa-9359	619	9	*	*	PUNCT
ajfa-9359	619	10	r	r	X
ajfa-9359	619	11	-	-	PUNCT
ajfa-9359	619	12	squared	square	VERB
ajfa-9359	619	13	0.2309	0.2309	NUM
ajfa-9359	619	14	0.2232	0.2232	NUM
ajfa-9359	619	15	0.2180	0.2180	NUM
ajfa-9359	619	16	0.2373	0.2373	NUM
ajfa-9359	619	17	notes	note	NOUN
ajfa-9359	619	18	:	:	PUNCT
ajfa-9359	619	19	“	"	PUNCT
ajfa-9359	619	20	tangibility	tangibility	NOUN
ajfa-9359	619	21	”	"	PUNCT
ajfa-9359	619	22	is	be	AUX
ajfa-9359	619	23	the	the	DET
ajfa-9359	619	24	ratio	ratio	NOUN
ajfa-9359	619	25	of	of	ADP
ajfa-9359	619	26	fixed	fix	VERB
ajfa-9359	619	27	assets	asset	NOUN
ajfa-9359	619	28	to	to	ADP
ajfa-9359	619	29	total	total	ADJ
ajfa-9359	619	30	assets	asset	NOUN
ajfa-9359	619	31	.	.	PUNCT
ajfa-9359	620	1	“	"	PUNCT
ajfa-9359	620	2	profitability	profitability	NOUN
ajfa-9359	620	3	”	"	PUNCT
ajfa-9359	620	4	'	'	PUNCT
ajfa-9359	620	5	is	be	AUX
ajfa-9359	620	6	the	the	DET
ajfa-9359	620	7	ratio	ratio	NOUN
ajfa-9359	620	8	of	of	ADP
ajfa-9359	620	9	ebitd	ebitd	NOUN
ajfa-9359	620	10	to	to	ADP
ajfa-9359	620	11	total	total	ADJ
ajfa-9359	620	12	assets	asset	NOUN
ajfa-9359	620	13	.	.	PUNCT
ajfa-9359	621	1	“	"	PUNCT
ajfa-9359	621	2	growth	growth	NOUN
ajfa-9359	621	3	”	"	PUNCT
ajfa-9359	621	4	is	be	AUX
ajfa-9359	621	5	the	the	DET
ajfa-9359	621	6	ratio	ratio	NOUN
ajfa-9359	621	7	of	of	ADP
ajfa-9359	621	8	percentage	percentage	NOUN
ajfa-9359	621	9	increase	increase	NOUN
ajfa-9359	621	10	(	(	PUNCT
ajfa-9359	621	11	change	change	NOUN
ajfa-9359	621	12	)	)	PUNCT
ajfa-9359	621	13	in	in	ADP
ajfa-9359	621	14	total	total	ADJ
ajfa-9359	621	15	assets	asset	NOUN
ajfa-9359	621	16	(	(	PUNCT
ajfa-9359	621	17	total	total	ADJ
ajfa-9359	621	18	assets	asset	NOUN
ajfa-9359	621	19	current	current	ADJ
ajfa-9359	621	20	year	year	NOUN
ajfa-9359	621	21	minus	minus	ADP
ajfa-9359	621	22	total	total	ADJ
ajfa-9359	621	23	assets	asset	NOUN
ajfa-9359	621	24	previous	previous	ADJ
ajfa-9359	621	25	year	year	NOUN
ajfa-9359	621	26	to	to	ADP
ajfa-9359	621	27	total	total	ADJ
ajfa-9359	621	28	assets	asset	NOUN
ajfa-9359	621	29	current	current	ADJ
ajfa-9359	621	30	year	year	NOUN
ajfa-9359	621	31	“	"	PUNCT
ajfa-9359	621	32	size	size	NOUN
ajfa-9359	621	33	”	"	PUNCT
ajfa-9359	621	34	is	be	AUX
ajfa-9359	621	35	the	the	DET
ajfa-9359	621	36	natural	natural	ADJ
ajfa-9359	621	37	logarithm	logarithm	NOUN
ajfa-9359	621	38	of	of	ADP
ajfa-9359	621	39	assets	asset	NOUN
ajfa-9359	621	40	.	.	PUNCT
ajfa-9359	622	1	“	"	PUNCT
ajfa-9359	622	2	liquidity	liquidity	NOUN
ajfa-9359	622	3	”	"	PUNCT
ajfa-9359	622	4	is	be	AUX
ajfa-9359	622	5	the	the	DET
ajfa-9359	622	6	ratio	ratio	NOUN
ajfa-9359	622	7	of	of	ADP
ajfa-9359	622	8	current	current	ADJ
ajfa-9359	622	9	assets	asset	NOUN
ajfa-9359	622	10	to	to	ADP
ajfa-9359	622	11	current	current	ADJ
ajfa-9359	622	12	liabilities	liability	NOUN
ajfa-9359	622	13	.	.	PUNCT
ajfa-9359	623	1	“	"	PUNCT
ajfa-9359	623	2	ndts	ndts	NOUN
ajfa-9359	623	3	”	"	PUNCT
ajfa-9359	623	4	is	be	AUX
ajfa-9359	623	5	the	the	DET
ajfa-9359	623	6	ratio	ratio	NOUN
ajfa-9359	623	7	of	of	ADP
ajfa-9359	623	8	annual	annual	ADJ
ajfa-9359	623	9	depreciation	depreciation	NOUN
ajfa-9359	623	10	expense	expense	NOUN
ajfa-9359	623	11	to	to	ADP
ajfa-9359	623	12	total	total	ADJ
ajfa-9359	623	13	assets	asset	NOUN
ajfa-9359	623	14	.	.	PUNCT
ajfa-9359	624	1	(	(	PUNCT
ajfa-9359	624	2	*	*	PUNCT
ajfa-9359	624	3	*	*	PUNCT
ajfa-9359	624	4	*	*	NOUN
ajfa-9359	624	5	)	)	PUNCT
ajfa-9359	624	6	significant	significant	ADJ
ajfa-9359	624	7	at	at	ADP
ajfa-9359	624	8	the	the	DET
ajfa-9359	624	9	1	1	NUM
ajfa-9359	624	10	%	%	NOUN
ajfa-9359	624	11	level	level	NOUN
ajfa-9359	624	12	;	;	PUNCT
ajfa-9359	624	13	(	(	PUNCT
ajfa-9359	624	14	*	*	PUNCT
ajfa-9359	624	15	*	*	NOUN
ajfa-9359	624	16	)	)	PUNCT
ajfa-9359	624	17	significant	significant	ADJ
ajfa-9359	624	18	at	at	ADP
ajfa-9359	624	19	the	the	DET
ajfa-9359	624	20	5	5	NUM
ajfa-9359	624	21	%	%	NOUN
ajfa-9359	624	22	level	level	NOUN
ajfa-9359	624	23	;	;	PUNCT
ajfa-9359	624	24	(	(	PUNCT
ajfa-9359	625	1	*	*	X
ajfa-9359	625	2	)	)	PUNCT
ajfa-9359	625	3	significant	significant	ADJ
ajfa-9359	625	4	at	at	ADP
ajfa-9359	625	5	the	the	DET
ajfa-9359	625	6	10	10	NUM
ajfa-9359	625	7	%	%	NOUN
ajfa-9359	625	8	level	level	NOUN