id	sid	tid	token	lemma	pos
afbr-616	1	1	copyright	copyright	NOUN
afbr-616	1	2	©	©	PROPN
afbr-616	1	3	cc	cc	PROPN
afbr-616	1	4	-	-	PUNCT
afbr-616	1	5	by	by	ADP
afbr-616	1	6	-	-	PUNCT
afbr-616	1	7	nc	nc	PROPN
afbr-616	1	8	2020	2020	NUM
afbr-616	1	9	,	,	PUNCT
afbr-616	1	10	cribfb	cribfb	PROPN
afbr-616	1	11	|	|	ADV
afbr-616	1	12	afbr	afbr	SCONJ
afbr-616	1	13	australian	australian	ADJ
afbr-616	1	14	finance	finance	NOUN
afbr-616	1	15	&	&	CCONJ
afbr-616	1	16	banking	banking	PROPN
afbr-616	1	17	review	review	PROPN
afbr-616	1	18	;	;	PUNCT
afbr-616	1	19	vol	vol	NOUN
afbr-616	1	20	.	.	NOUN
afbr-616	1	21	4	4	NUM
afbr-616	1	22	,	,	PUNCT
afbr-616	1	23	no	no	INTJ
afbr-616	1	24	.	.	NOUN
afbr-616	1	25	1	1	NUM
afbr-616	1	26	;	;	PUNCT
afbr-616	1	27	2020	2020	NUM
afbr-616	1	28	issn	issn	VERB
afbr-616	1	29	2576	2576	NUM
afbr-616	1	30	-	-	SYM
afbr-616	1	31	1196	1196	NUM
afbr-616	1	32	e	e	NOUN
afbr-616	1	33	-	-	PROPN
afbr-616	1	34	issn	issn	ADJ
afbr-616	1	35	2576	2576	NUM
afbr-616	1	36	-	-	PUNCT
afbr-616	1	37	120x	120x	NUM
afbr-616	1	38	published	publish	VERB
afbr-616	1	39	by	by	ADP
afbr-616	1	40	centre	centre	NOUN
afbr-616	1	41	for	for	ADP
afbr-616	1	42	research	research	NOUN
afbr-616	1	43	on	on	ADP
afbr-616	1	44	islamic	islamic	ADJ
afbr-616	1	45	banking	banking	PROPN
afbr-616	1	46	&	&	CCONJ
afbr-616	1	47	finance	finance	PROPN
afbr-616	1	48	and	and	CCONJ
afbr-616	1	49	business	business	NOUN
afbr-616	1	50	,	,	PUNCT
afbr-616	1	51	usa	usa	PROPN
afbr-616	1	52	37	37	NUM
afbr-616	1	53	impact	impact	NOUN
afbr-616	1	54	of	of	ADP
afbr-616	1	55	dividend	dividend	NOUN
afbr-616	1	56	policy	policy	NOUN
afbr-616	1	57	on	on	ADP
afbr-616	1	58	financial	financial	ADJ
afbr-616	1	59	performance	performance	NOUN
afbr-616	1	60	a	a	DET
afbr-616	1	61	study	study	NOUN
afbr-616	1	62	pradip	pradip	NOUN
afbr-616	1	63	kumar	kumar	PROPN
afbr-616	1	64	das	das	PROPN
afbr-616	1	65	phd	phd	NOUN
afbr-616	1	66	associate	associate	NOUN
afbr-616	1	67	professor	professor	PROPN
afbr-616	1	68	jagannath	jagannath	PROPN
afbr-616	1	69	kishore	kishore	PROPN
afbr-616	1	70	college	college	PROPN
afbr-616	1	71	,	,	PUNCT
afbr-616	1	72	purulia	purulia	PROPN
afbr-616	1	73	(	(	PUNCT
afbr-616	1	74	west	west	PROPN
afbr-616	1	75	bengal	bengal	PROPN
afbr-616	1	76	)	)	PUNCT
afbr-616	1	77	affiliation	affiliation	NOUN
afbr-616	1	78	under	under	ADP
afbr-616	1	79	sidho	sidho	NOUN
afbr-616	1	80	-	-	PUNCT
afbr-616	1	81	kanho	kanho	NOUN
afbr-616	1	82	-	-	PUNCT
afbr-616	1	83	birsha	birsha	NOUN
afbr-616	1	84	university	university	NOUN
afbr-616	1	85	,	,	PUNCT
afbr-616	1	86	purulia	purulia	PROPN
afbr-616	1	87	,	,	PUNCT
afbr-616	1	88	india	india	PROPN
afbr-616	1	89	e	e	PROPN
afbr-616	1	90	-	-	NOUN
afbr-616	1	91	mail	mail	NOUN
afbr-616	1	92	.	.	PUNCT
afbr-616	1	93	:	:	PUNCT
afbr-616	2	1	pradip57.prl@rediffmail.com	pradip57.prl@rediffmail.com	X
afbr-616	2	2	abstract	abstract	ADJ
afbr-616	2	3	this	this	DET
afbr-616	2	4	study	study	NOUN
afbr-616	2	5	is	be	AUX
afbr-616	2	6	an	an	DET
afbr-616	2	7	attempt	attempt	NOUN
afbr-616	2	8	to	to	PART
afbr-616	2	9	evaluate	evaluate	VERB
afbr-616	2	10	the	the	DET
afbr-616	2	11	impact	impact	NOUN
afbr-616	2	12	of	of	ADP
afbr-616	2	13	dividend	dividend	NOUN
afbr-616	2	14	policy	policy	NOUN
afbr-616	2	15	on	on	ADP
afbr-616	2	16	financial	financial	ADJ
afbr-616	2	17	performance	performance	NOUN
afbr-616	2	18	of	of	ADP
afbr-616	2	19	selected	select	VERB
afbr-616	2	20	companies	company	NOUN
afbr-616	2	21	registered	register	VERB
afbr-616	2	22	in	in	ADP
afbr-616	2	23	bombay	bombay	PROPN
afbr-616	2	24	stock	stock	PROPN
afbr-616	2	25	exchange	exchange	PROPN
afbr-616	2	26	.	.	PUNCT
afbr-616	3	1	the	the	DET
afbr-616	3	2	study	study	NOUN
afbr-616	3	3	based	base	VERB
afbr-616	3	4	on	on	ADP
afbr-616	3	5	correlation	correlation	NOUN
afbr-616	3	6	matrix	matrix	NOUN
afbr-616	3	7	and	and	CCONJ
afbr-616	3	8	panel	panel	NOUN
afbr-616	3	9	regression	regression	NOUN
afbr-616	3	10	model	model	NOUN
afbr-616	3	11	shows	show	VERB
afbr-616	3	12	that	that	SCONJ
afbr-616	3	13	the	the	DET
afbr-616	3	14	selected	select	VERB
afbr-616	3	15	companies	company	NOUN
afbr-616	3	16	do	do	AUX
afbr-616	3	17	not	not	PART
afbr-616	3	18	follow	follow	VERB
afbr-616	3	19	consistent	consistent	ADJ
afbr-616	3	20	pattern	pattern	NOUN
afbr-616	3	21	of	of	ADP
afbr-616	3	22	dividend	dividend	NOUN
afbr-616	3	23	payments	payment	NOUN
afbr-616	3	24	and	and	CCONJ
afbr-616	3	25	the	the	DET
afbr-616	3	26	association	association	NOUN
afbr-616	3	27	between	between	ADP
afbr-616	3	28	price	price	NOUN
afbr-616	3	29	earnings	earning	NOUN
afbr-616	3	30	ratio	ratio	NOUN
afbr-616	3	31	and	and	CCONJ
afbr-616	3	32	dividend	dividend	NOUN
afbr-616	3	33	payout	payout	NOUN
afbr-616	3	34	ratio	ratio	NOUN
afbr-616	3	35	is	be	AUX
afbr-616	3	36	low	low	ADV
afbr-616	3	37	positive	positive	ADJ
afbr-616	3	38	.	.	PUNCT
afbr-616	4	1	however	however	ADV
afbr-616	4	2	,	,	PUNCT
afbr-616	4	3	there	there	PRON
afbr-616	4	4	is	be	VERB
afbr-616	4	5	strong	strong	ADJ
afbr-616	4	6	association	association	NOUN
afbr-616	4	7	between	between	ADP
afbr-616	4	8	return	return	NOUN
afbr-616	4	9	on	on	ADP
afbr-616	4	10	assets	asset	NOUN
afbr-616	4	11	and	and	CCONJ
afbr-616	4	12	return	return	VERB
afbr-616	4	13	on	on	ADP
afbr-616	4	14	equity	equity	NOUN
afbr-616	4	15	.	.	PUNCT
afbr-616	5	1	hausman	hausman	PROPN
afbr-616	5	2	test	test	NOUN
afbr-616	5	3	reveals	reveal	VERB
afbr-616	5	4	that	that	SCONJ
afbr-616	5	5	random	random	ADJ
afbr-616	5	6	affect	affect	NOUN
afbr-616	5	7	model	model	NOUN
afbr-616	5	8	is	be	AUX
afbr-616	5	9	appropriate	appropriate	ADJ
afbr-616	5	10	thereby	thereby	ADV
afbr-616	5	11	indicating	indicate	VERB
afbr-616	5	12	that	that	SCONJ
afbr-616	5	13	performance	performance	NOUN
afbr-616	5	14	of	of	ADP
afbr-616	5	15	selected	select	VERB
afbr-616	5	16	companies	company	NOUN
afbr-616	5	17	have	have	VERB
afbr-616	5	18	momentous	momentous	ADJ
afbr-616	5	19	impact	impact	NOUN
afbr-616	5	20	on	on	ADP
afbr-616	5	21	dividend	dividend	NOUN
afbr-616	5	22	policy	policy	NOUN
afbr-616	5	23	.	.	PUNCT
afbr-616	6	1	divided	divide	VERB
afbr-616	6	2	policy	policy	NOUN
afbr-616	6	3	is	be	AUX
afbr-616	6	4	still	still	ADV
afbr-616	6	5	contemplated	contemplate	VERB
afbr-616	6	6	as	as	ADP
afbr-616	6	7	one	one	NUM
afbr-616	6	8	of	of	ADP
afbr-616	6	9	the	the	DET
afbr-616	6	10	complicated	complicated	ADJ
afbr-616	6	11	areas	area	NOUN
afbr-616	6	12	in	in	ADP
afbr-616	6	13	corporate	corporate	ADJ
afbr-616	6	14	finance	finance	NOUN
afbr-616	6	15	.	.	PUNCT
afbr-616	7	1	the	the	DET
afbr-616	7	2	findings	finding	NOUN
afbr-616	7	3	from	from	ADP
afbr-616	7	4	this	this	DET
afbr-616	7	5	study	study	NOUN
afbr-616	7	6	are	be	AUX
afbr-616	7	7	worthwhile	worthwhile	ADJ
afbr-616	7	8	to	to	PART
afbr-616	7	9	be	be	AUX
afbr-616	7	10	welcomed	welcome	VERB
afbr-616	7	11	into	into	ADP
afbr-616	7	12	account	account	NOUN
afbr-616	7	13	by	by	ADP
afbr-616	7	14	the	the	DET
afbr-616	7	15	board	board	NOUN
afbr-616	7	16	of	of	ADP
afbr-616	7	17	managers	manager	NOUN
afbr-616	7	18	of	of	ADP
afbr-616	7	19	companies	company	NOUN
afbr-616	7	20	to	to	PART
afbr-616	7	21	demonstrate	demonstrate	VERB
afbr-616	7	22	dividend	dividend	NOUN
afbr-616	7	23	policy	policy	NOUN
afbr-616	7	24	for	for	ADP
afbr-616	7	25	the	the	DET
afbr-616	7	26	companies	company	NOUN
afbr-616	7	27	.	.	PUNCT
afbr-616	8	1	keywords	keyword	NOUN
afbr-616	8	2	:	:	PUNCT
afbr-616	8	3	dividend	dividend	NOUN
afbr-616	8	4	policy	policy	NOUN
afbr-616	8	5	,	,	PUNCT
afbr-616	8	6	performance	performance	NOUN
afbr-616	8	7	,	,	PUNCT
afbr-616	8	8	earnings	earning	NOUN
afbr-616	8	9	per	per	ADP
afbr-616	8	10	share	share	NOUN
afbr-616	8	11	,	,	PUNCT
afbr-616	8	12	price	price	NOUN
afbr-616	8	13	earnings	earning	NOUN
afbr-616	8	14	ratio	ratio	NOUN
afbr-616	8	15	,	,	PUNCT
afbr-616	8	16	return	return	VERB
afbr-616	8	17	on	on	ADP
afbr-616	8	18	assets	asset	NOUN
afbr-616	8	19	,	,	PUNCT
afbr-616	8	20	return	return	VERB
afbr-616	8	21	on	on	ADP
afbr-616	8	22	equity	equity	NOUN
afbr-616	8	23	.	.	PUNCT
afbr-616	9	1	1	1	X
afbr-616	9	2	.	.	X
afbr-616	9	3	introduction	introduction	NOUN
afbr-616	9	4	corporate	corporate	ADJ
afbr-616	9	5	dividend	dividend	NOUN
afbr-616	9	6	policy	policy	NOUN
afbr-616	9	7	decision	decision	NOUN
afbr-616	9	8	not	not	PART
afbr-616	9	9	only	only	ADV
afbr-616	9	10	emphasizes	emphasize	VERB
afbr-616	9	11	important	important	ADJ
afbr-616	9	12	demonstration	demonstration	NOUN
afbr-616	9	13	about	about	ADP
afbr-616	9	14	the	the	DET
afbr-616	9	15	possibilities	possibility	NOUN
afbr-616	9	16	of	of	ADP
afbr-616	9	17	business	business	NOUN
afbr-616	9	18	growth	growth	NOUN
afbr-616	9	19	but	but	CCONJ
afbr-616	9	20	also	also	ADV
afbr-616	9	21	influences	influence	VERB
afbr-616	9	22	other	other	ADJ
afbr-616	9	23	business	business	NOUN
afbr-616	9	24	decisions	decision	NOUN
afbr-616	9	25	like	like	ADP
afbr-616	9	26	investment	investment	NOUN
afbr-616	9	27	and	and	CCONJ
afbr-616	9	28	finance	finance	NOUN
afbr-616	9	29	.	.	PUNCT
afbr-616	10	1	dividend	dividend	NOUN
afbr-616	10	2	policy	policy	NOUN
afbr-616	10	3	shows	show	VERB
afbr-616	10	4	the	the	DET
afbr-616	10	5	opportunity	opportunity	NOUN
afbr-616	10	6	for	for	ADP
afbr-616	10	7	investment	investment	NOUN
afbr-616	10	8	,	,	PUNCT
afbr-616	10	9	future	future	ADJ
afbr-616	10	10	expansion	expansion	NOUN
afbr-616	10	11	and	and	CCONJ
afbr-616	10	12	growth	growth	NOUN
afbr-616	10	13	(	(	PUNCT
afbr-616	10	14	afza	afza	PROPN
afbr-616	10	15	&	&	CCONJ
afbr-616	10	16	mirza,2011	mirza,2011	NOUN
afbr-616	10	17	)	)	PUNCT
afbr-616	10	18	.	.	PUNCT
afbr-616	11	1	it	it	PRON
afbr-616	11	2	revolves	revolve	VERB
afbr-616	11	3	around	around	ADP
afbr-616	11	4	decision	decision	NOUN
afbr-616	11	5	making	making	NOUN
afbr-616	11	6	between	between	ADP
afbr-616	11	7	distribution	distribution	NOUN
afbr-616	11	8	of	of	ADP
afbr-616	11	9	current	current	ADJ
afbr-616	11	10	return	return	NOUN
afbr-616	11	11	and	and	CCONJ
afbr-616	11	12	reinvestment	reinvestment	NOUN
afbr-616	11	13	of	of	ADP
afbr-616	11	14	the	the	DET
afbr-616	11	15	same	same	ADJ
afbr-616	11	16	for	for	ADP
afbr-616	11	17	future	future	ADJ
afbr-616	11	18	return	return	NOUN
afbr-616	11	19	(	(	PUNCT
afbr-616	11	20	pandey&ashvini,2016;kouser	pandey&ashvini,2016;kouser	NOUN
afbr-616	11	21	,	,	PUNCT
afbr-616	11	22	luqman	luqman	PROPN
afbr-616	11	23	,	,	PUNCT
afbr-616	11	24	yaseen	yaseen	PROPN
afbr-616	11	25	and	and	CCONJ
afbr-616	11	26	azeem,2015).dividend	azeem,2015).dividend	PRON
afbr-616	11	27	policy	policy	NOUN
afbr-616	11	28	is	be	AUX
afbr-616	11	29	a	a	DET
afbr-616	11	30	corporate	corporate	ADJ
afbr-616	11	31	finance	finance	NOUN
afbr-616	11	32	decision	decision	NOUN
afbr-616	11	33	on	on	ADP
afbr-616	11	34	transfer	transfer	NOUN
afbr-616	11	35	of	of	ADP
afbr-616	11	36	value	value	NOUN
afbr-616	11	37	in	in	ADP
afbr-616	11	38	the	the	DET
afbr-616	11	39	form	form	NOUN
afbr-616	11	40	of	of	ADP
afbr-616	11	41	dividend	dividend	NOUN
afbr-616	11	42	from	from	ADP
afbr-616	11	43	an	an	DET
afbr-616	11	44	organization	organization	NOUN
afbr-616	11	45	to	to	ADP
afbr-616	11	46	its	its	PRON
afbr-616	11	47	shareholders	shareholder	NOUN
afbr-616	11	48	out	out	ADP
afbr-616	11	49	of	of	ADP
afbr-616	11	50	the	the	DET
afbr-616	11	51	profits	profit	NOUN
afbr-616	11	52	available	available	ADJ
afbr-616	11	53	for	for	ADP
afbr-616	11	54	a	a	DET
afbr-616	11	55	prescribed	prescribed	ADJ
afbr-616	11	56	period	period	NOUN
afbr-616	11	57	of	of	ADP
afbr-616	11	58	time(okafori	time(okafori	PROPN
afbr-616	11	59	and	and	CCONJ
afbr-616	11	60	mgbame,2011).pragmatic	mgbame,2011).pragmatic	ADJ
afbr-616	11	61	management	management	NOUN
afbr-616	11	62	of	of	ADP
afbr-616	11	63	corporate	corporate	ADJ
afbr-616	11	64	pertains	pertain	NOUN
afbr-616	11	65	to	to	ADP
afbr-616	11	66	earnings	earning	NOUN
afbr-616	11	67	distribution	distribution	NOUN
afbr-616	11	68	in	in	ADP
afbr-616	11	69	the	the	DET
afbr-616	11	70	form	form	NOUN
afbr-616	11	71	of	of	ADP
afbr-616	11	72	dividend	dividend	NOUN
afbr-616	11	73	to	to	ADP
afbr-616	11	74	shareholders	shareholder	NOUN
afbr-616	11	75	over	over	ADP
afbr-616	11	76	time	time	NOUN
afbr-616	11	77	(	(	PUNCT
afbr-616	11	78	ajanthan,2013	ajanthan,2013	NOUN
afbr-616	11	79	)	)	PUNCT
afbr-616	11	80	.	.	PUNCT
afbr-616	12	1	design	design	NOUN
afbr-616	12	2	of	of	ADP
afbr-616	12	3	dividend	dividend	NOUN
afbr-616	12	4	policy	policy	NOUN
afbr-616	12	5	details	detail	NOUN
afbr-616	12	6	the	the	DET
afbr-616	12	7	segment	segment	NOUN
afbr-616	12	8	of	of	ADP
afbr-616	12	9	company	company	NOUN
afbr-616	12	10	’s	’s	PART
afbr-616	12	11	earnings	earning	NOUN
afbr-616	12	12	as	as	ADP
afbr-616	12	13	return	return	NOUN
afbr-616	12	14	on	on	ADP
afbr-616	12	15	shareholders	shareholder	NOUN
afbr-616	12	16	’	'	PUNCT
afbr-616	12	17	investment	investment	NOUN
afbr-616	12	18	in	in	ADP
afbr-616	12	19	the	the	DET
afbr-616	12	20	form	form	NOUN
afbr-616	12	21	of	of	ADP
afbr-616	12	22	cash	cash	NOUN
afbr-616	12	23	dividend	dividend	NOUN
afbr-616	12	24	or	or	CCONJ
afbr-616	12	25	stock	stock	NOUN
afbr-616	12	26	dividend	dividend	NOUN
afbr-616	12	27	(	(	PUNCT
afbr-616	12	28	abdul	abdul	PROPN
afbr-616	12	29	and	and	CCONJ
afbr-616	12	30	muhibudeen,2015	muhibudeen,2015	NOUN
afbr-616	12	31	)	)	PUNCT
afbr-616	12	32	.	.	PUNCT
afbr-616	13	1	pertinence	pertinence	NOUN
afbr-616	13	2	of	of	ADP
afbr-616	13	3	dividend	dividend	NOUN
afbr-616	13	4	policy	policy	NOUN
afbr-616	13	5	in	in	ADP
afbr-616	13	6	the	the	DET
afbr-616	13	7	discourse	discourse	NOUN
afbr-616	13	8	of	of	ADP
afbr-616	13	9	corporate	corporate	ADJ
afbr-616	13	10	performance	performance	NOUN
afbr-616	13	11	reflects	reflect	VERB
afbr-616	13	12	bifurcation	bifurcation	NOUN
afbr-616	13	13	yet	yet	ADV
afbr-616	13	14	to	to	PART
afbr-616	13	15	be	be	AUX
afbr-616	13	16	resolved	resolve	VERB
afbr-616	13	17	(	(	PUNCT
afbr-616	13	18	abdul	abdul	PROPN
afbr-616	13	19	and	and	CCONJ
afbr-616	13	20	muhibudeen,2015	muhibudeen,2015	NOUN
afbr-616	13	21	)	)	PUNCT
afbr-616	13	22	.	.	PUNCT
afbr-616	14	1	2	2	X
afbr-616	14	2	.	.	X
afbr-616	14	3	literature	literature	PROPN
afbr-616	14	4	review	review	PROPN
afbr-616	14	5	kolawole	kolawole	PROPN
afbr-616	14	6	,	,	PUNCT
afbr-616	14	7	e.et	e.et	PROPN
afbr-616	14	8	al.(2018)observed	al.(2018)observe	VERB
afbr-616	14	9	in	in	ADP
afbr-616	14	10	their	their	PRON
afbr-616	14	11	study	study	NOUN
afbr-616	14	12	favorable	favorable	ADJ
afbr-616	14	13	or	or	CCONJ
afbr-616	14	14	positive	positive	ADJ
afbr-616	14	15	impact	impact	NOUN
afbr-616	14	16	of	of	ADP
afbr-616	14	17	dividend	dividend	NOUN
afbr-616	14	18	payout	payout	NOUN
afbr-616	14	19	and	and	CCONJ
afbr-616	14	20	retention	retention	NOUN
afbr-616	14	21	ratios	ratio	NOUN
afbr-616	14	22	on	on	ADP
afbr-616	14	23	eps	eps	PROPN
afbr-616	14	24	in	in	ADP
afbr-616	14	25	the	the	DET
afbr-616	14	26	nigerian	nigerian	ADJ
afbr-616	14	27	oil	oil	NOUN
afbr-616	14	28	and	and	CCONJ
afbr-616	14	29	gas	gas	NOUN
afbr-616	14	30	firms	firm	NOUN
afbr-616	14	31	.	.	PUNCT
afbr-616	15	1	kanwal	kanwal	PROPN
afbr-616	15	2	,	,	PUNCT
afbr-616	15	3	m.	m.	NOUN
afbr-616	15	4	&	&	CCONJ
afbr-616	15	5	hameed	hameed	PROPN
afbr-616	15	6	,	,	PUNCT
afbr-616	15	7	s.	s.	PROPN
afbr-616	15	8	(	(	PUNCT
afbr-616	15	9	2017	2017	NUM
afbr-616	15	10	)	)	PUNCT
afbr-616	15	11	found	find	VERB
afbr-616	15	12	efficacious	efficacious	ADJ
afbr-616	15	13	influence	influence	NOUN
afbr-616	15	14	of	of	ADP
afbr-616	15	15	dividend	dividend	NOUN
afbr-616	15	16	payout	payout	NOUN
afbr-616	15	17	on	on	ADP
afbr-616	15	18	financial	financial	ADJ
afbr-616	15	19	performance	performance	NOUN
afbr-616	15	20	of	of	ADP
afbr-616	15	21	firm	firm	NOUN
afbr-616	15	22	.	.	PUNCT
afbr-616	16	1	thirumagal	thirumagal	ADJ
afbr-616	16	2	,	,	PUNCT
afbr-616	16	3	p.g	p.g	PROPN
afbr-616	16	4	.	.	PROPN
afbr-616	16	5	and	and	CCONJ
afbr-616	16	6	vasantha	vasantha	PROPN
afbr-616	16	7	,	,	PUNCT
afbr-616	16	8	s.	s.	PROPN
afbr-616	16	9	(	(	PUNCT
afbr-616	16	10	2018	2018	NUM
afbr-616	16	11	)	)	PUNCT
afbr-616	16	12	perceived	perceive	VERB
afbr-616	16	13	pessimistic	pessimistic	ADJ
afbr-616	16	14	or	or	CCONJ
afbr-616	16	15	negative	negative	ADJ
afbr-616	16	16	impact	impact	NOUN
afbr-616	16	17	of	of	ADP
afbr-616	16	18	dividend	dividend	NOUN
afbr-616	16	19	payout	payout	NOUN
afbr-616	16	20	on	on	ADP
afbr-616	16	21	shareholders	shareholder	NOUN
afbr-616	16	22	’	’	PART
afbr-616	16	23	wealth	wealth	NOUN
afbr-616	16	24	for	for	ADP
afbr-616	16	25	majority	majority	NOUN
afbr-616	16	26	of	of	ADP
afbr-616	16	27	the	the	DET
afbr-616	16	28	indian	indian	ADJ
afbr-616	16	29	industries	industry	NOUN
afbr-616	16	30	.	.	PUNCT
afbr-616	17	1	significant	significant	ADJ
afbr-616	17	2	difference	difference	NOUN
afbr-616	17	3	was	be	AUX
afbr-616	17	4	found	find	VERB
afbr-616	17	5	in	in	ADP
afbr-616	17	6	share	share	NOUN
afbr-616	17	7	price	price	NOUN
afbr-616	17	8	between	between	ADP
afbr-616	17	9	pre	pre	ADJ
afbr-616	17	10	and	and	CCONJ
afbr-616	17	11	post	post	VERB
afbr-616	17	12	dividend	dividend	NOUN
afbr-616	17	13	announcements	announcement	NOUN
afbr-616	17	14	.	.	PUNCT
afbr-616	18	1	velmurugan	velmurugan	NOUN
afbr-616	18	2	(	(	PUNCT
afbr-616	18	3	2015	2015	NUM
afbr-616	18	4	)	)	PUNCT
afbr-616	18	5	noticed	notice	VERB
afbr-616	18	6	association	association	NOUN
afbr-616	18	7	of	of	ADP
afbr-616	18	8	dividend	dividend	NOUN
afbr-616	18	9	declaration	declaration	NOUN
afbr-616	18	10	in	in	ADP
afbr-616	18	11	indian	indian	ADJ
afbr-616	18	12	fertilizer	fertilizer	NOUN
afbr-616	18	13	industry	industry	NOUN
afbr-616	18	14	with	with	ADP
afbr-616	18	15	previous	previous	ADJ
afbr-616	18	16	year	year	NOUN
afbr-616	18	17	’s	’s	PART
afbr-616	18	18	dividend	dividend	NOUN
afbr-616	18	19	,	,	PUNCT
afbr-616	18	20	current	current	ADJ
afbr-616	18	21	year	year	NOUN
afbr-616	18	22	’s	’s	PART
afbr-616	18	23	depreciation	depreciation	NOUN
afbr-616	18	24	and	and	CCONJ
afbr-616	18	25	current	current	ADJ
afbr-616	18	26	year	year	NOUN
afbr-616	18	27	’s	’s	PART
afbr-616	18	28	profit	profit	NOUN
afbr-616	18	29	after	after	ADP
afbr-616	18	30	tax	tax	NOUN
afbr-616	18	31	,	,	PUNCT
afbr-616	18	32	current	current	ADJ
afbr-616	18	33	year	year	NOUN
afbr-616	18	34	’s	’s	PART
afbr-616	18	35	sales	sale	NOUN
afbr-616	18	36	and	and	CCONJ
afbr-616	18	37	previous	previous	ADJ
afbr-616	18	38	year	year	NOUN
afbr-616	18	39	’s	’s	PART
afbr-616	18	40	cash	cash	NOUN
afbr-616	18	41	flow	flow	NOUN
afbr-616	18	42	.	.	PUNCT
afbr-616	19	1	labhane	labhane	PROPN
afbr-616	19	2	&	&	CCONJ
afbr-616	19	3	mahakud	mahakud	PROPN
afbr-616	19	4	(	(	PUNCT
afbr-616	19	5	2016	2016	NUM
afbr-616	19	6	)	)	PUNCT
afbr-616	19	7	distinguished	distinguish	VERB
afbr-616	19	8	that	that	DET
afbr-616	19	9	investment	investment	NOUN
afbr-616	19	10	opportunity	opportunity	NOUN
afbr-616	19	11	,	,	PUNCT
afbr-616	19	12	financial	financial	ADJ
afbr-616	19	13	leverage	leverage	NOUN
afbr-616	19	14	,	,	PUNCT
afbr-616	19	15	company	company	NOUN
afbr-616	19	16	size	size	NOUN
afbr-616	19	17	,	,	PUNCT
afbr-616	19	18	business	business	NOUN
afbr-616	19	19	risk	risk	NOUN
afbr-616	19	20	,	,	PUNCT
afbr-616	19	21	firm	firm	ADJ
afbr-616	19	22	life	life	NOUN
afbr-616	19	23	cycle	cycle	NOUN
afbr-616	19	24	,	,	PUNCT
afbr-616	19	25	profitability	profitability	NOUN
afbr-616	19	26	,	,	PUNCT
afbr-616	19	27	tax	tax	NOUN
afbr-616	19	28	and	and	CCONJ
afbr-616	19	29	liquidity	liquidity	NOUN
afbr-616	19	30	are	be	AUX
afbr-616	19	31	major	major	ADJ
afbr-616	19	32	determinants	determinant	NOUN
afbr-616	19	33	of	of	ADP
afbr-616	19	34	dividend	dividend	NOUN
afbr-616	19	35	policy	policy	NOUN
afbr-616	19	36	for	for	ADP
afbr-616	19	37	indian	indian	ADJ
afbr-616	19	38	companies	company	NOUN
afbr-616	19	39	.	.	PUNCT
afbr-616	20	1	das	das	PROPN
afbr-616	20	2	(	(	PUNCT
afbr-616	20	3	2017	2017	NUM
afbr-616	20	4	)	)	PUNCT
afbr-616	20	5	confirmed	confirm	VERB
afbr-616	20	6	that	that	SCONJ
afbr-616	20	7	leverage	leverage	NOUN
afbr-616	20	8	not	not	PART
afbr-616	20	9	size	size	NOUN
afbr-616	20	10	is	be	AUX
afbr-616	20	11	an	an	DET
afbr-616	20	12	important	important	ADJ
afbr-616	20	13	determinant	determinant	NOUN
afbr-616	20	14	of	of	ADP
afbr-616	20	15	dividend	dividend	NOUN
afbr-616	20	16	of	of	ADP
afbr-616	20	17	bombay	bombay	PROPN
afbr-616	20	18	stock	stock	PROPN
afbr-616	20	19	exchange	exchange	PROPN
afbr-616	20	20	companies	company	NOUN
afbr-616	20	21	in	in	ADP
afbr-616	20	22	india	india	PROPN
afbr-616	20	23	.	.	PUNCT
afbr-616	21	1	abiola	abiola	PROPN
afbr-616	21	2	(	(	PUNCT
afbr-616	21	3	2014	2014	NUM
afbr-616	21	4	)	)	PUNCT
afbr-616	21	5	observed	observe	VERB
afbr-616	21	6	that	that	SCONJ
afbr-616	21	7	among	among	ADP
afbr-616	21	8	other	other	ADJ
afbr-616	21	9	things	thing	NOUN
afbr-616	21	10	both	both	CCONJ
afbr-616	21	11	current	current	ADJ
afbr-616	21	12	and	and	CCONJ
afbr-616	21	13	past	past	ADJ
afbr-616	21	14	year	year	NOUN
afbr-616	21	15	’s	’s	PART
afbr-616	21	16	profits	profit	NOUN
afbr-616	21	17	fix	fix	VERB
afbr-616	21	18	dividend	dividend	NOUN
afbr-616	21	19	policy	policy	NOUN
afbr-616	21	20	of	of	ADP
afbr-616	21	21	firm	firm	NOUN
afbr-616	21	22	indicating	indicate	VERB
afbr-616	21	23	that	that	SCONJ
afbr-616	21	24	performance	performance	NOUN
afbr-616	21	25	of	of	ADP
afbr-616	21	26	firm	firm	NOUN
afbr-616	21	27	in	in	ADP
afbr-616	21	28	terms	term	NOUN
afbr-616	21	29	of	of	ADP
afbr-616	21	30	profitability	profitability	NOUN
afbr-616	21	31	is	be	AUX
afbr-616	21	32	vital	vital	ADJ
afbr-616	21	33	in	in	ADP
afbr-616	21	34	the	the	DET
afbr-616	21	35	pattern	pattern	NOUN
afbr-616	21	36	of	of	ADP
afbr-616	21	37	dividend	dividend	NOUN
afbr-616	21	38	policy	policy	NOUN
afbr-616	21	39	.	.	PUNCT
afbr-616	22	1	pandey	pandey	PROPN
afbr-616	22	2	&	&	CCONJ
afbr-616	22	3	ashvini	ashvini	PROPN
afbr-616	22	4	(	(	PUNCT
afbr-616	22	5	2016	2016	NUM
afbr-616	22	6	)	)	PUNCT
afbr-616	22	7	propounded	propound	VERB
afbr-616	22	8	that	that	SCONJ
afbr-616	22	9	dividend	dividend	NOUN
afbr-616	22	10	policy	policy	NOUN
afbr-616	22	11	of	of	ADP
afbr-616	22	12	firm	firm	NOUN
afbr-616	22	13	is	be	AUX
afbr-616	22	14	governed	govern	VERB
afbr-616	22	15	by	by	ADP
afbr-616	22	16	factors	factor	NOUN
afbr-616	22	17	including	include	VERB
afbr-616	22	18	debt	debt	NOUN
afbr-616	22	19	-	-	PUNCT
afbr-616	22	20	equity	equity	NOUN
afbr-616	22	21	ratio	ratio	NOUN
afbr-616	22	22	,	,	PUNCT
afbr-616	22	23	earnings	earning	NOUN
afbr-616	22	24	,	,	PUNCT
afbr-616	22	25	corporate	corporate	ADJ
afbr-616	22	26	tax	tax	NOUN
afbr-616	22	27	,	,	PUNCT
afbr-616	22	28	earnings	earning	NOUN
afbr-616	22	29	per	per	ADP
afbr-616	22	30	share	share	NOUN
afbr-616	22	31	,	,	PUNCT
afbr-616	22	32	and	and	CCONJ
afbr-616	22	33	firms	firm	NOUN
afbr-616	22	34	’	’	PART
afbr-616	22	35	size	size	NOUN
afbr-616	22	36	.	.	PUNCT
afbr-616	23	1	kurawa	kurawa	PROPN
afbr-616	23	2	&	&	CCONJ
afbr-616	23	3	ishaku(2014)recognized	ishaku(2014)recognize	VERB
afbr-616	23	4	corporate	corporate	ADJ
afbr-616	23	5	governance	governance	NOUN
afbr-616	23	6	as	as	ADP
afbr-616	23	7	a	a	DET
afbr-616	23	8	determinant	determinant	NOUN
afbr-616	23	9	of	of	ADP
afbr-616	23	10	dividend	dividend	NOUN
afbr-616	23	11	policy	policy	NOUN
afbr-616	23	12	.	.	PUNCT
afbr-616	24	1	sakinc	sakinc	PROPN
afbr-616	24	2	&	&	CCONJ
afbr-616	24	3	gungor(2015)acknowledged	gungor(2015)acknowledged	ADJ
afbr-616	24	4	ownership	ownership	NOUN
afbr-616	24	5	structure	structure	NOUN
afbr-616	24	6	as	as	ADP
afbr-616	24	7	a	a	DET
afbr-616	24	8	determinant	determinant	NOUN
afbr-616	24	9	of	of	ADP
afbr-616	24	10	dividend	dividend	NOUN
afbr-616	24	11	policy	policy	NOUN
afbr-616	24	12	of	of	ADP
afbr-616	24	13	firms	firm	NOUN
afbr-616	24	14	.	.	PUNCT
afbr-616	25	1	yusof	yusof	PROPN
afbr-616	25	2	and	and	CCONJ
afbr-616	25	3	ismail	ismail	PROPN
afbr-616	25	4	,	,	PUNCT
afbr-616	25	5	(	(	PUNCT
afbr-616	25	6	2016	2016	NUM
afbr-616	25	7	)	)	PUNCT
afbr-616	25	8	suggested	suggest	VERB
afbr-616	25	9	that	that	SCONJ
afbr-616	25	10	before	before	ADP
afbr-616	25	11	deciding	decide	VERB
afbr-616	25	12	payment	payment	NOUN
afbr-616	25	13	of	of	ADP
afbr-616	25	14	dividend	dividend	NOUN
afbr-616	25	15	,	,	PUNCT
afbr-616	25	16	the	the	DET
afbr-616	25	17	companies	company	NOUN
afbr-616	25	18	board	board	NOUN
afbr-616	25	19	should	should	AUX
afbr-616	25	20	consider	consider	VERB
afbr-616	25	21	profit	profit	NOUN
afbr-616	25	22	,	,	PUNCT
afbr-616	25	23	debts	debt	NOUN
afbr-616	25	24	,	,	PUNCT
afbr-616	25	25	investments	investment	NOUN
afbr-616	25	26	and	and	CCONJ
afbr-616	25	27	also	also	ADV
afbr-616	25	28	the	the	DET
afbr-616	25	29	size	size	NOUN
afbr-616	25	30	of	of	ADP
afbr-616	25	31	shareholders	shareholder	NOUN
afbr-616	25	32	.	.	PUNCT
afbr-616	26	1	maladjian	maladjian	PROPN
afbr-616	26	2	and	and	CCONJ
afbr-616	26	3	el	el	PROPN
afbr-616	26	4	khoury	khoury	PROPN
afbr-616	26	5	(	(	PUNCT
afbr-616	26	6	2014	2014	NUM
afbr-616	26	7	)	)	PUNCT
afbr-616	26	8	studied	study	VERB
afbr-616	26	9	the	the	DET
afbr-616	26	10	effects	effect	NOUN
afbr-616	26	11	of	of	ADP
afbr-616	26	12	size	size	NOUN
afbr-616	26	13	,	,	PUNCT
afbr-616	26	14	dividend	dividend	NOUN
afbr-616	26	15	payments	payment	NOUN
afbr-616	26	16	,	,	PUNCT
afbr-616	26	17	debt	debt	NOUN
afbr-616	26	18	,	,	PUNCT
afbr-616	26	19	profitability	profitability	NOUN
afbr-616	26	20	,	,	PUNCT
afbr-616	26	21	liquidity	liquidity	NOUN
afbr-616	26	22	,	,	PUNCT
afbr-616	26	23	growth	growth	NOUN
afbr-616	26	24	and	and	CCONJ
afbr-616	26	25	firm	firm	NOUN
afbr-616	26	26	’s	’s	PART
afbr-616	26	27	risk	risk	NOUN
afbr-616	26	28	on	on	ADP
afbr-616	26	29	dividend	dividend	NOUN
afbr-616	26	30	payout	payout	NOUN
afbr-616	26	31	ratios	ratio	NOUN
afbr-616	26	32	of	of	ADP
afbr-616	26	33	banks	bank	NOUN
afbr-616	26	34	listed	list	VERB
afbr-616	26	35	on	on	ADP
afbr-616	26	36	beirut	beirut	PROPN
afbr-616	26	37	stock	stock	NOUN
afbr-616	26	38	market	market	NOUN
afbr-616	26	39	in	in	ADP
afbr-616	26	40	lebanese	lebanese	PROPN
afbr-616	26	41	for	for	ADP
afbr-616	26	42	the	the	DET
afbr-616	26	43	period	period	NOUN
afbr-616	27	1	mailto:pradip57.prl@rediffmail.com	mailto:pradip57.prl@rediffmail.com	NOUN
afbr-616	27	2	copyright	copyright	NOUN
afbr-616	27	3	©	©	PROPN
afbr-616	27	4	cc	cc	PROPN
afbr-616	27	5	-	-	PUNCT
afbr-616	27	6	by	by	ADP
afbr-616	27	7	-	-	PUNCT
afbr-616	27	8	nc	nc	PROPN
afbr-616	27	9	2019	2019	NUM
afbr-616	27	10	,	,	PUNCT
afbr-616	27	11	cribfb	cribfb	PROPN
afbr-616	27	12	|	|	ADV
afbr-616	27	13	afbr	afbr	PROPN
afbr-616	27	14	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-616	27	15	australian	australian	ADJ
afbr-616	27	16	finance	finance	PROPN
afbr-616	27	17	&	&	CCONJ
afbr-616	27	18	banking	banking	PROPN
afbr-616	27	19	review	review	PROPN
afbr-616	27	20	vol	vol	NOUN
afbr-616	27	21	.	.	PROPN
afbr-616	28	1	4	4	NUM
afbr-616	28	2	,	,	PUNCT
afbr-616	28	3	no	no	INTJ
afbr-616	28	4	.	.	NOUN
afbr-616	28	5	1	1	NUM
afbr-616	28	6	;	;	PUNCT
afbr-616	28	7	2020	2020	NUM
afbr-616	28	8	38	38	NUM
afbr-616	28	9	from	from	ADP
afbr-616	28	10	2005	2005	NUM
afbr-616	28	11	to	to	ADP
afbr-616	28	12	2011	2011	NUM
afbr-616	28	13	and	and	CCONJ
afbr-616	28	14	observed	observe	VERB
afbr-616	28	15	efficacious	efficacious	ADJ
afbr-616	28	16	relationship	relationship	NOUN
afbr-616	28	17	between	between	ADP
afbr-616	28	18	size	size	NOUN
afbr-616	28	19	,	,	PUNCT
afbr-616	28	20	risk	risk	NOUN
afbr-616	28	21	and	and	CCONJ
afbr-616	28	22	lag	lag	NOUN
afbr-616	28	23	dividends	dividend	NOUN
afbr-616	28	24	,	,	PUNCT
afbr-616	28	25	and	and	CCONJ
afbr-616	28	26	observed	observe	VERB
afbr-616	28	27	pessimistic	pessimistic	ADJ
afbr-616	28	28	relationship	relationship	NOUN
afbr-616	28	29	between	between	ADP
afbr-616	28	30	profitability	profitability	NOUN
afbr-616	28	31	and	and	CCONJ
afbr-616	28	32	opportunity	opportunity	NOUN
afbr-616	28	33	growth	growth	NOUN
afbr-616	28	34	with	with	ADP
afbr-616	28	35	dividend	dividend	NOUN
afbr-616	28	36	payout	payout	ADJ
afbr-616	28	37	policy	policy	NOUN
afbr-616	28	38	of	of	ADP
afbr-616	28	39	firms	firm	NOUN
afbr-616	28	40	.	.	PUNCT
afbr-616	29	1	chawla	chawla	PROPN
afbr-616	29	2	and	and	CCONJ
afbr-616	29	3	chadha	chadha	PROPN
afbr-616	29	4	(	(	PUNCT
afbr-616	29	5	2014)and	2014)and	PROPN
afbr-616	29	6	mbuvi(2015)empirically	mbuvi(2015)empirically	ADV
afbr-616	29	7	studied	study	VERB
afbr-616	29	8	the	the	DET
afbr-616	29	9	effect	effect	NOUN
afbr-616	29	10	of	of	ADP
afbr-616	29	11	dividend	dividend	NOUN
afbr-616	29	12	announcement	announcement	NOUN
afbr-616	29	13	,	,	PUNCT
afbr-616	29	14	dividend	dividend	NOUN
afbr-616	29	15	payout	payout	NOUN
afbr-616	29	16	,	,	PUNCT
afbr-616	29	17	tax	tax	NOUN
afbr-616	29	18	incentives	incentive	NOUN
afbr-616	29	19	and	and	CCONJ
afbr-616	29	20	excess	excess	ADJ
afbr-616	29	21	cash	cash	NOUN
afbr-616	29	22	flows	flow	NOUN
afbr-616	29	23	on	on	ADP
afbr-616	29	24	shareholders	shareholder	NOUN
afbr-616	29	25	wealth	wealth	NOUN
afbr-616	29	26	in	in	ADP
afbr-616	29	27	nairobi	nairobi	PROPN
afbr-616	29	28	securities	security	NOUN
afbr-616	29	29	market	market	NOUN
afbr-616	29	30	and	and	CCONJ
afbr-616	29	31	revealed	reveal	VERB
afbr-616	29	32	positive	positive	ADJ
afbr-616	29	33	influence	influence	NOUN
afbr-616	29	34	of	of	ADP
afbr-616	29	35	dividend	dividend	NOUN
afbr-616	29	36	announcement	announcement	NOUN
afbr-616	29	37	,	,	PUNCT
afbr-616	29	38	dividend	dividend	NOUN
afbr-616	29	39	payouts	payout	NOUN
afbr-616	29	40	,	,	PUNCT
afbr-616	29	41	tax	tax	NOUN
afbr-616	29	42	incentives	incentive	NOUN
afbr-616	29	43	and	and	CCONJ
afbr-616	29	44	free	free	ADJ
afbr-616	29	45	cash	cash	NOUN
afbr-616	29	46	flows	flow	NOUN
afbr-616	29	47	on	on	ADP
afbr-616	29	48	shareholders	shareholder	NOUN
afbr-616	29	49	’	'	PUNCT
afbr-616	29	50	wealth	wealth	NOUN
afbr-616	29	51	.	.	PUNCT
afbr-616	30	1	yegon	yegon	PROPN
afbr-616	30	2	,	,	PUNCT
afbr-616	30	3	c.	c.	PROPN
afbr-616	30	4	,	,	PUNCT
afbr-616	30	5	cheruiyot	cheruiyot	NOUN
afbr-616	30	6	,	,	PUNCT
afbr-616	30	7	j.&sang	j.&sang	PROPN
afbr-616	30	8	,	,	PUNCT
afbr-616	30	9	j.(2014)found	j.(2014)found	PROPN
afbr-616	30	10	pragmatic	pragmatic	ADJ
afbr-616	30	11	relationships	relationship	NOUN
afbr-616	30	12	between	between	ADP
afbr-616	30	13	dividend	dividend	NOUN
afbr-616	30	14	policies	policy	NOUN
afbr-616	30	15	of	of	ADP
afbr-616	30	16	organizations	organization	NOUN
afbr-616	30	17	and	and	CCONJ
afbr-616	30	18	firm	firm	NOUN
afbr-616	30	19	’s	’s	PART
afbr-616	30	20	profitability	profitability	NOUN
afbr-616	30	21	,	,	PUNCT
afbr-616	30	22	between	between	ADP
afbr-616	30	23	dividend	dividend	NOUN
afbr-616	30	24	policy	policy	NOUN
afbr-616	30	25	and	and	CCONJ
afbr-616	30	26	investments	investment	NOUN
afbr-616	30	27	,	,	PUNCT
afbr-616	30	28	and	and	CCONJ
afbr-616	30	29	between	between	ADP
afbr-616	30	30	dividend	dividend	NOUN
afbr-616	30	31	policy	policy	NOUN
afbr-616	30	32	and	and	CCONJ
afbr-616	30	33	eps	eps	PROPN
afbr-616	30	34	.	.	PROPN
afbr-616	30	35	masum	masum	PROPN
afbr-616	30	36	,	,	PUNCT
afbr-616	30	37	a.	a.	NOUN
afbr-616	30	38	(	(	PUNCT
afbr-616	30	39	2014	2014	NUM
afbr-616	30	40	)	)	PUNCT
afbr-616	30	41	watched	watch	VERB
afbr-616	30	42	in	in	ADP
afbr-616	30	43	the	the	DET
afbr-616	30	44	study	study	NOUN
afbr-616	30	45	with	with	ADP
afbr-616	30	46	the	the	DET
afbr-616	30	47	help	help	NOUN
afbr-616	30	48	of	of	ADP
afbr-616	30	49	panel	panel	NOUN
afbr-616	30	50	data	datum	NOUN
afbr-616	30	51	approach	approach	VERB
afbr-616	30	52	positive	positive	ADJ
afbr-616	30	53	correlation	correlation	NOUN
afbr-616	30	54	between	between	ADP
afbr-616	30	55	dividend	dividend	NOUN
afbr-616	30	56	and	and	CCONJ
afbr-616	30	57	stock	stock	NOUN
afbr-616	30	58	price	price	NOUN
afbr-616	30	59	considering	consider	VERB
afbr-616	30	60	eps	eps	PROPN
afbr-616	30	61	,	,	PUNCT
afbr-616	30	62	roe	roe	NOUN
afbr-616	30	63	,	,	PUNCT
afbr-616	30	64	retention	retention	NOUN
afbr-616	30	65	ratio	ratio	NOUN
afbr-616	30	66	;	;	PUNCT
afbr-616	30	67	while	while	SCONJ
afbr-616	30	68	dividend	dividend	NOUN
afbr-616	30	69	yield	yield	NOUN
afbr-616	30	70	and	and	CCONJ
afbr-616	30	71	profit	profit	NOUN
afbr-616	30	72	after	after	ADP
afbr-616	30	73	tax	tax	NOUN
afbr-616	30	74	have	have	VERB
afbr-616	30	75	negative	negative	ADJ
afbr-616	30	76	relation	relation	NOUN
afbr-616	30	77	with	with	ADP
afbr-616	30	78	stock	stock	NOUN
afbr-616	30	79	prices	price	NOUN
afbr-616	30	80	.	.	PUNCT
afbr-616	31	1	khan	khan	PROPN
afbr-616	31	2	,	,	PUNCT
afbr-616	31	3	et	et	PROPN
afbr-616	31	4	al	al	PROPN
afbr-616	31	5	(	(	PUNCT
afbr-616	31	6	2016	2016	NUM
afbr-616	31	7	)	)	PUNCT
afbr-616	31	8	showed	show	VERB
afbr-616	31	9	negative	negative	ADJ
afbr-616	31	10	relation	relation	NOUN
afbr-616	31	11	of	of	ADP
afbr-616	31	12	dividend	dividend	NOUN
afbr-616	31	13	payout	payout	NOUN
afbr-616	31	14	ratio	ratio	NOUN
afbr-616	31	15	and	and	CCONJ
afbr-616	31	16	leverage	leverage	NOUN
afbr-616	31	17	with	with	ADP
afbr-616	31	18	the	the	DET
afbr-616	31	19	return	return	NOUN
afbr-616	31	20	on	on	ADP
afbr-616	31	21	equity	equity	NOUN
afbr-616	31	22	on	on	ADP
afbr-616	31	23	the	the	DET
afbr-616	31	24	stock	stock	NOUN
afbr-616	31	25	listed	list	VERB
afbr-616	31	26	in	in	ADP
afbr-616	31	27	pse	pse	NOUN
afbr-616	31	28	;	;	PUNCT
afbr-616	31	29	while	while	SCONJ
afbr-616	31	30	positive	positive	ADJ
afbr-616	31	31	relation	relation	NOUN
afbr-616	31	32	between	between	ADP
afbr-616	31	33	roa	roa	PROPN
afbr-616	31	34	,	,	PUNCT
afbr-616	31	35	dividend	dividend	NOUN
afbr-616	31	36	policy	policy	NOUN
afbr-616	31	37	,	,	PUNCT
afbr-616	31	38	and	and	CCONJ
afbr-616	31	39	growth	growth	NOUN
afbr-616	31	40	in	in	ADP
afbr-616	31	41	sales	sale	NOUN
afbr-616	31	42	.	.	PUNCT
afbr-616	32	1	labhane	labhane	PROPN
afbr-616	32	2	,	,	PUNCT
afbr-616	32	3	n.b	n.b	PROPN
afbr-616	32	4	.	.	PROPN
afbr-616	32	5	&	&	CCONJ
afbr-616	32	6	mahakud	mahakud	VERB
afbr-616	32	7	jitendra	jitendra	PROPN
afbr-616	32	8	(	(	PUNCT
afbr-616	32	9	2016	2016	NUM
afbr-616	32	10	)	)	PUNCT
afbr-616	32	11	advocated	advocate	VERB
afbr-616	32	12	positive	positive	ADJ
afbr-616	32	13	impact	impact	NOUN
afbr-616	32	14	of	of	ADP
afbr-616	32	15	dividend	dividend	NOUN
afbr-616	32	16	policy	policy	NOUN
afbr-616	32	17	on	on	ADP
afbr-616	32	18	profitability	profitability	NOUN
afbr-616	32	19	and	and	CCONJ
afbr-616	32	20	eps	eps	PROPN
afbr-616	32	21	.	.	PROPN
afbr-616	32	22	3	3	NUM
afbr-616	32	23	.	.	X
afbr-616	33	1	purpose	purpose	NOUN
afbr-616	33	2	behind	behind	ADP
afbr-616	33	3	the	the	DET
afbr-616	33	4	study	study	NOUN
afbr-616	33	5	dividend	dividend	NOUN
afbr-616	33	6	policy	policy	NOUN
afbr-616	33	7	is	be	AUX
afbr-616	33	8	a	a	DET
afbr-616	33	9	controversial	controversial	ADJ
afbr-616	33	10	subject	subject	NOUN
afbr-616	33	11	to	to	ADP
afbr-616	33	12	many	many	ADJ
afbr-616	33	13	researchers	researcher	NOUN
afbr-616	33	14	.	.	PUNCT
afbr-616	34	1	a	a	DET
afbr-616	34	2	universe	universe	ADJ
afbr-616	34	3	hypothesis	hypothesis	NOUN
afbr-616	34	4	that	that	PRON
afbr-616	34	5	dividend	dividend	NOUN
afbr-616	34	6	plays	play	VERB
afbr-616	34	7	a	a	DET
afbr-616	34	8	considerable	considerable	ADJ
afbr-616	34	9	role	role	NOUN
afbr-616	34	10	has	have	AUX
afbr-616	34	11	been	be	AUX
afbr-616	34	12	examined	examine	VERB
afbr-616	34	13	by	by	ADP
afbr-616	34	14	many	many	ADJ
afbr-616	34	15	empirical	empirical	ADJ
afbr-616	34	16	studies	study	NOUN
afbr-616	34	17	and	and	CCONJ
afbr-616	34	18	behavioral	behavioral	ADJ
afbr-616	34	19	surveys	survey	NOUN
afbr-616	34	20	.	.	PUNCT
afbr-616	35	1	a	a	DET
afbr-616	35	2	strong	strong	ADJ
afbr-616	35	3	perception	perception	NOUN
afbr-616	35	4	as	as	ADP
afbr-616	35	5	to	to	ADP
afbr-616	35	6	the	the	DET
afbr-616	35	7	passion	passion	NOUN
afbr-616	35	8	behind	behind	ADP
afbr-616	35	9	dividend	dividend	NOUN
afbr-616	35	10	yields	yield	NOUN
afbr-616	35	11	opportunity	opportunity	NOUN
afbr-616	35	12	to	to	PART
afbr-616	35	13	more	more	ADJ
afbr-616	35	14	study	study	NOUN
afbr-616	35	15	.	.	PUNCT
afbr-616	36	1	literature	literature	NOUN
afbr-616	36	2	suggests	suggest	VERB
afbr-616	36	3	dividend	dividend	NOUN
afbr-616	36	4	provides	provide	VERB
afbr-616	36	5	additional	additional	ADJ
afbr-616	36	6	worth	worth	NOUN
afbr-616	36	7	to	to	PART
afbr-616	36	8	company	company	NOUN
afbr-616	36	9	in	in	ADP
afbr-616	36	10	the	the	DET
afbr-616	36	11	eyes	eye	NOUN
afbr-616	36	12	of	of	ADP
afbr-616	36	13	investors	investor	NOUN
afbr-616	36	14	;	;	PUNCT
afbr-616	36	15	but	but	CCONJ
afbr-616	36	16	it	it	PRON
afbr-616	36	17	is	be	AUX
afbr-616	36	18	uncertain	uncertain	ADJ
afbr-616	36	19	what	what	PRON
afbr-616	36	20	financial	financial	ADJ
afbr-616	36	21	factors	factor	NOUN
afbr-616	36	22	management	management	NOUN
afbr-616	36	23	exercises	exercise	NOUN
afbr-616	36	24	to	to	PART
afbr-616	36	25	support	support	VERB
afbr-616	36	26	their	their	PRON
afbr-616	36	27	reasoning	reasoning	NOUN
afbr-616	36	28	behind	behind	ADP
afbr-616	36	29	initiating	initiate	VERB
afbr-616	36	30	dividend	dividend	NOUN
afbr-616	36	31	policy	policy	NOUN
afbr-616	36	32	.	.	PUNCT
afbr-616	37	1	the	the	DET
afbr-616	37	2	study	study	NOUN
afbr-616	37	3	searches	search	VERB
afbr-616	37	4	potential	potential	ADJ
afbr-616	37	5	factors	factor	NOUN
afbr-616	37	6	influencing	influence	VERB
afbr-616	37	7	dividend	dividend	NOUN
afbr-616	37	8	decision	decision	NOUN
afbr-616	37	9	of	of	ADP
afbr-616	37	10	a	a	DET
afbr-616	37	11	large	large	ADJ
afbr-616	37	12	sample	sample	NOUN
afbr-616	37	13	of	of	ADP
afbr-616	37	14	dividend	dividend	NOUN
afbr-616	37	15	paying	pay	VERB
afbr-616	37	16	companies	company	NOUN
afbr-616	37	17	.	.	PUNCT
afbr-616	38	1	4	4	X
afbr-616	38	2	.	.	X
afbr-616	38	3	objective	objective	VERB
afbr-616	38	4	the	the	DET
afbr-616	38	5	prime	prime	ADJ
afbr-616	38	6	objectives	objective	NOUN
afbr-616	38	7	of	of	ADP
afbr-616	38	8	the	the	DET
afbr-616	38	9	study	study	NOUN
afbr-616	38	10	are	be	AUX
afbr-616	38	11	:	:	PUNCT
afbr-616	38	12	▪	▪	X
afbr-616	38	13	to	to	PART
afbr-616	38	14	explore	explore	VERB
afbr-616	38	15	how	how	SCONJ
afbr-616	38	16	dividend	dividend	NOUN
afbr-616	38	17	policy	policy	NOUN
afbr-616	38	18	of	of	ADP
afbr-616	38	19	the	the	DET
afbr-616	38	20	selected	select	VERB
afbr-616	38	21	companies	company	NOUN
afbr-616	38	22	influence	influence	VERB
afbr-616	38	23	their	their	PRON
afbr-616	38	24	profitability	profitability	NOUN
afbr-616	38	25	;	;	PUNCT
afbr-616	38	26	▪	▪	NOUN
afbr-616	38	27	to	to	PART
afbr-616	38	28	check	check	VERB
afbr-616	38	29	how	how	SCONJ
afbr-616	38	30	dividend	dividend	NOUN
afbr-616	38	31	policy	policy	NOUN
afbr-616	38	32	of	of	ADP
afbr-616	38	33	companies	company	NOUN
afbr-616	38	34	and	and	CCONJ
afbr-616	38	35	their	their	PRON
afbr-616	38	36	profitability	profitability	NOUN
afbr-616	38	37	is	be	AUX
afbr-616	38	38	associated	associate	VERB
afbr-616	38	39	;	;	PUNCT
afbr-616	38	40	▪	▪	NOUN
afbr-616	38	41	to	to	PART
afbr-616	38	42	analyze	analyze	VERB
afbr-616	38	43	the	the	DET
afbr-616	38	44	impact	impact	NOUN
afbr-616	38	45	of	of	ADP
afbr-616	38	46	dividend	dividend	NOUN
afbr-616	38	47	policy	policy	NOUN
afbr-616	38	48	on	on	ADP
afbr-616	38	49	companies	company	NOUN
afbr-616	38	50	roe	roe	NOUN
afbr-616	38	51	;	;	PUNCT
afbr-616	38	52	▪	▪	NOUN
afbr-616	38	53	to	to	PART
afbr-616	38	54	evaluate	evaluate	VERB
afbr-616	38	55	the	the	DET
afbr-616	38	56	impact	impact	NOUN
afbr-616	38	57	of	of	ADP
afbr-616	38	58	dividend	dividend	NOUN
afbr-616	38	59	policy	policy	NOUN
afbr-616	38	60	on	on	ADP
afbr-616	38	61	companies	company	NOUN
afbr-616	38	62	roa	roa	PROPN
afbr-616	38	63	.	.	PROPN
afbr-616	39	1	5	5	NUM
afbr-616	39	2	.	.	X
afbr-616	39	3	methodology	methodology	NOUN
afbr-616	39	4	the	the	DET
afbr-616	39	5	study	study	NOUN
afbr-616	39	6	in	in	ADP
afbr-616	39	7	essence	essence	NOUN
afbr-616	39	8	rests	rest	VERB
afbr-616	39	9	on	on	ADP
afbr-616	39	10	secondary	secondary	ADJ
afbr-616	39	11	data	datum	NOUN
afbr-616	39	12	.	.	PUNCT
afbr-616	40	1	the	the	DET
afbr-616	40	2	researcher	researcher	NOUN
afbr-616	40	3	,	,	PUNCT
afbr-616	40	4	being	be	AUX
afbr-616	40	5	an	an	DET
afbr-616	40	6	external	external	ADJ
afbr-616	40	7	analyst	analyst	NOUN
afbr-616	40	8	,	,	PUNCT
afbr-616	40	9	has	have	VERB
afbr-616	40	10	to	to	PART
afbr-616	40	11	depend	depend	VERB
afbr-616	40	12	substantially	substantially	ADV
afbr-616	40	13	on	on	ADP
afbr-616	40	14	current	current	ADJ
afbr-616	40	15	literature	literature	NOUN
afbr-616	40	16	available	available	ADJ
afbr-616	40	17	in	in	ADP
afbr-616	40	18	the	the	DET
afbr-616	40	19	form	form	NOUN
afbr-616	40	20	of	of	ADP
afbr-616	40	21	books	book	NOUN
afbr-616	40	22	,	,	PUNCT
afbr-616	40	23	journals	journal	NOUN
afbr-616	40	24	,	,	PUNCT
afbr-616	40	25	articles	article	NOUN
afbr-616	40	26	,	,	PUNCT
afbr-616	40	27	research	research	NOUN
afbr-616	40	28	studies	study	NOUN
afbr-616	40	29	,	,	PUNCT
afbr-616	40	30	official	official	ADJ
afbr-616	40	31	websites	website	NOUN
afbr-616	40	32	,	,	PUNCT
afbr-616	40	33	etc	etc	X
afbr-616	40	34	.	.	X
afbr-616	40	35	editing	edit	VERB
afbr-616	40	36	,	,	PUNCT
afbr-616	40	37	classification	classification	NOUN
afbr-616	40	38	and	and	CCONJ
afbr-616	40	39	tabulation	tabulation	NOUN
afbr-616	40	40	of	of	ADP
afbr-616	40	41	data	datum	NOUN
afbr-616	40	42	assembled	assemble	VERB
afbr-616	40	43	from	from	ADP
afbr-616	40	44	these	these	DET
afbr-616	40	45	sources	source	NOUN
afbr-616	40	46	have	have	AUX
afbr-616	40	47	been	be	AUX
afbr-616	40	48	accomplished	accomplish	VERB
afbr-616	40	49	as	as	ADP
afbr-616	40	50	per	per	ADP
afbr-616	40	51	necessities	necessity	NOUN
afbr-616	40	52	of	of	ADP
afbr-616	40	53	the	the	DET
afbr-616	40	54	study	study	NOUN
afbr-616	40	55	.	.	PUNCT
afbr-616	41	1	different	different	ADJ
afbr-616	41	2	statistical	statistical	ADJ
afbr-616	41	3	techniques	technique	NOUN
afbr-616	41	4	and	and	CCONJ
afbr-616	41	5	tools	tool	NOUN
afbr-616	41	6	have	have	AUX
afbr-616	41	7	also	also	ADV
afbr-616	41	8	been	be	AUX
afbr-616	41	9	applied	apply	VERB
afbr-616	41	10	for	for	ADP
afbr-616	41	11	the	the	DET
afbr-616	41	12	purpose	purpose	NOUN
afbr-616	41	13	of	of	ADP
afbr-616	41	14	the	the	DET
afbr-616	41	15	analysis	analysis	NOUN
afbr-616	41	16	.	.	PUNCT
afbr-616	42	1	calculations	calculation	NOUN
afbr-616	42	2	have	have	AUX
afbr-616	42	3	been	be	AUX
afbr-616	42	4	done	do	VERB
afbr-616	42	5	approximately	approximately	ADV
afbr-616	42	6	.	.	PUNCT
afbr-616	43	1	correlation	correlation	NOUN
afbr-616	43	2	matrix	matrix	NOUN
afbr-616	43	3	and	and	CCONJ
afbr-616	43	4	panel	panel	NOUN
afbr-616	43	5	regression	regression	NOUN
afbr-616	43	6	model	model	NOUN
afbr-616	43	7	(	(	PUNCT
afbr-616	43	8	fixed	fix	VERB
afbr-616	43	9	effect	effect	NOUN
afbr-616	43	10	and	and	CCONJ
afbr-616	43	11	random	random	ADJ
afbr-616	43	12	effect	effect	NOUN
afbr-616	43	13	)	)	PUNCT
afbr-616	43	14	are	be	AUX
afbr-616	43	15	used	use	VERB
afbr-616	43	16	to	to	PART
afbr-616	43	17	accomplish	accomplish	VERB
afbr-616	43	18	the	the	DET
afbr-616	43	19	objectives	objective	NOUN
afbr-616	43	20	of	of	ADP
afbr-616	43	21	the	the	DET
afbr-616	43	22	study	study	NOUN
afbr-616	43	23	.	.	PUNCT
afbr-616	44	1	haussmann	haussmann	PROPN
afbr-616	44	2	test	test	NOUN
afbr-616	44	3	has	have	AUX
afbr-616	44	4	been	be	AUX
afbr-616	44	5	used	use	VERB
afbr-616	44	6	for	for	ADP
afbr-616	44	7	the	the	DET
afbr-616	44	8	hypothesis	hypothesis	NOUN
afbr-616	44	9	.	.	PUNCT
afbr-616	45	1	dpr	dpr	PROPN
afbr-616	45	2	,	,	PUNCT
afbr-616	45	3	eps	eps	PROPN
afbr-616	45	4	and	and	CCONJ
afbr-616	45	5	per	per	ADP
afbr-616	45	6	are	be	AUX
afbr-616	45	7	used	use	VERB
afbr-616	45	8	as	as	ADP
afbr-616	45	9	proxy	proxy	NOUN
afbr-616	45	10	variables	variable	NOUN
afbr-616	45	11	for	for	ADP
afbr-616	45	12	dividend	dividend	NOUN
afbr-616	45	13	policy	policy	NOUN
afbr-616	45	14	.	.	PUNCT
afbr-616	46	1	roa	roa	PROPN
afbr-616	46	2	and	and	CCONJ
afbr-616	46	3	roe	roe	PROPN
afbr-616	46	4	are	be	AUX
afbr-616	46	5	applied	apply	VERB
afbr-616	46	6	to	to	ADP
afbr-616	46	7	proxy	proxy	NOUN
afbr-616	46	8	for	for	ADP
afbr-616	46	9	firm	firm	NOUN
afbr-616	46	10	’s	’s	PART
afbr-616	46	11	performance	performance	NOUN
afbr-616	46	12	.	.	PUNCT
afbr-616	47	1	this	this	DET
afbr-616	47	2	paper	paper	NOUN
afbr-616	47	3	analyzes	analyze	VERB
afbr-616	47	4	the	the	DET
afbr-616	47	5	dividend	dividend	NOUN
afbr-616	47	6	policy	policy	NOUN
afbr-616	47	7	of	of	ADP
afbr-616	47	8	reputed	reputed	ADJ
afbr-616	47	9	fifty(50)bse	fifty(50)bse	PROPN
afbr-616	47	10	registered	register	VERB
afbr-616	47	11	indian	indian	ADJ
afbr-616	47	12	companies	company	NOUN
afbr-616	47	13	comprising	comprise	VERB
afbr-616	47	14	the	the	DET
afbr-616	47	15	group	group	NOUN
afbr-616	47	16	of	of	ADP
afbr-616	47	17	cement	cement	NOUN
afbr-616	47	18	industry	industry	NOUN
afbr-616	47	19	,	,	PUNCT
afbr-616	47	20	pharmaceutical	pharmaceutical	NOUN
afbr-616	47	21	industry	industry	NOUN
afbr-616	47	22	,	,	PUNCT
afbr-616	47	23	information	information	NOUN
afbr-616	47	24	technology	technology	NOUN
afbr-616	47	25	industry	industry	NOUN
afbr-616	47	26	,	,	PUNCT
afbr-616	47	27	iron	iron	NOUN
afbr-616	47	28	and	and	CCONJ
afbr-616	47	29	steel	steel	NOUN
afbr-616	47	30	industry	industry	NOUN
afbr-616	47	31	during	during	ADP
afbr-616	47	32	the	the	DET
afbr-616	47	33	study	study	NOUN
afbr-616	47	34	period	period	NOUN
afbr-616	47	35	from	from	ADP
afbr-616	47	36	2012–2013	2012–2013	NUM
afbr-616	47	37	to	to	ADP
afbr-616	47	38	2018-2019.the	2018-2019.the	DET
afbr-616	47	39	companies	company	NOUN
afbr-616	47	40	were	be	AUX
afbr-616	47	41	selected	select	VERB
afbr-616	47	42	on	on	ADP
afbr-616	47	43	the	the	DET
afbr-616	47	44	basis	basis	NOUN
afbr-616	47	45	of	of	ADP
afbr-616	47	46	market	market	NOUN
afbr-616	47	47	capitalization	capitalization	NOUN
afbr-616	47	48	obtained	obtain	VERB
afbr-616	47	49	from	from	ADP
afbr-616	47	50	the	the	DET
afbr-616	47	51	official	official	ADJ
afbr-616	47	52	website	website	NOUN
afbr-616	47	53	of	of	ADP
afbr-616	47	54	bse	bse	PROPN
afbr-616	47	55	.	.	PUNCT
afbr-616	48	1	moreover	moreover	ADV
afbr-616	48	2	,	,	PUNCT
afbr-616	48	3	ratios	ratio	NOUN
afbr-616	48	4	have	have	AUX
afbr-616	48	5	been	be	AUX
afbr-616	48	6	calculated	calculate	VERB
afbr-616	48	7	from	from	ADP
afbr-616	48	8	the	the	DET
afbr-616	48	9	data	datum	NOUN
afbr-616	48	10	published	publish	VERB
afbr-616	48	11	by	by	ADP
afbr-616	48	12	the	the	DET
afbr-616	48	13	companies	company	NOUN
afbr-616	48	14	in	in	ADP
afbr-616	48	15	their	their	PRON
afbr-616	48	16	annual	annual	ADJ
afbr-616	48	17	reports	report	NOUN
afbr-616	48	18	.	.	PUNCT
afbr-616	49	1	6	6	X
afbr-616	49	2	.	.	X
afbr-616	49	3	results	result	NOUN
afbr-616	49	4	and	and	CCONJ
afbr-616	49	5	discussions	discussion	NOUN
afbr-616	49	6	with	with	ADP
afbr-616	49	7	a	a	DET
afbr-616	49	8	view	view	NOUN
afbr-616	49	9	to	to	ADP
afbr-616	49	10	attaining	attain	VERB
afbr-616	49	11	the	the	DET
afbr-616	49	12	results	result	NOUN
afbr-616	49	13	and	and	CCONJ
afbr-616	49	14	the	the	DET
afbr-616	49	15	conclusions	conclusion	NOUN
afbr-616	49	16	drawn	draw	VERB
afbr-616	49	17	there	there	ADV
afbr-616	49	18	from	from	ADP
afbr-616	49	19	for	for	ADP
afbr-616	49	20	the	the	DET
afbr-616	49	21	study	study	NOUN
afbr-616	49	22	,	,	PUNCT
afbr-616	49	23	the	the	DET
afbr-616	49	24	methods	method	NOUN
afbr-616	49	25	administered	administer	VERB
afbr-616	49	26	are	be	AUX
afbr-616	49	27	correlation	correlation	NOUN
afbr-616	49	28	matrix	matrix	NOUN
afbr-616	49	29	and	and	CCONJ
afbr-616	49	30	panel	panel	NOUN
afbr-616	49	31	regression	regression	NOUN
afbr-616	49	32	model	model	NOUN
afbr-616	49	33	.	.	PUNCT
afbr-616	50	1	performance	performance	NOUN
afbr-616	50	2	indicators	indicator	NOUN
afbr-616	50	3	of	of	ADP
afbr-616	50	4	dividend	dividend	NOUN
afbr-616	50	5	policy	policy	NOUN
afbr-616	50	6	and	and	CCONJ
afbr-616	50	7	profitability	profitability	NOUN
afbr-616	50	8	are	be	AUX
afbr-616	50	9	estimated	estimate	VERB
afbr-616	50	10	by	by	ADP
afbr-616	50	11	the	the	DET
afbr-616	50	12	following	follow	VERB
afbr-616	50	13	ratios	ratio	NOUN
afbr-616	50	14	(	(	PUNCT
afbr-616	50	15	table.1	table.1	NOUN
afbr-616	50	16	)	)	PUNCT
afbr-616	50	17	.	.	PUNCT
afbr-616	51	1	table	table	NOUN
afbr-616	51	2	1	1	NUM
afbr-616	51	3	.	.	PUNCT
afbr-616	51	4	measuring	measure	VERB
afbr-616	51	5	dividend	dividend	NOUN
afbr-616	51	6	policy	policy	NOUN
afbr-616	51	7	and	and	CCONJ
afbr-616	51	8	performance	performance	NOUN
afbr-616	51	9	(	(	PUNCT
afbr-616	51	10	i.e.	i.e.	X
afbr-616	51	11	profitability	profitability	NOUN
afbr-616	51	12	)	)	PUNCT
afbr-616	51	13	performance	performance	NOUN
afbr-616	51	14	indicators	indicator	NOUN
afbr-616	51	15	performance	performance	NOUN
afbr-616	51	16	drivers	driver	NOUN
afbr-616	51	17	performance	performance	NOUN
afbr-616	51	18	measures	measure	NOUN
afbr-616	51	19	dividend	dividend	NOUN
afbr-616	51	20	policy	policy	NOUN
afbr-616	51	21	(	(	PUNCT
afbr-616	51	22	independent	independent	ADJ
afbr-616	51	23	variable	variable	NOUN
afbr-616	51	24	)	)	PUNCT
afbr-616	51	25	dividend	dividend	NOUN
afbr-616	51	26	payout	payout	NOUN
afbr-616	51	27	ratio	ratio	NOUN
afbr-616	51	28	(	(	PUNCT
afbr-616	51	29	dpr	dpr	PROPN
afbr-616	51	30	)	)	PUNCT
afbr-616	51	31	dividend	dividend	NOUN
afbr-616	51	32	paid	pay	VERB
afbr-616	51	33	to	to	ADP
afbr-616	51	34	equity	equity	NOUN
afbr-616	51	35	shareholders÷	shareholders÷	DET
afbr-616	51	36	earnings	earning	NOUN
afbr-616	51	37	available	available	ADJ
afbr-616	51	38	to	to	ADP
afbr-616	51	39	equity	equity	NOUN
afbr-616	51	40	shareholders	shareholder	NOUN
afbr-616	51	41	price	price	NOUN
afbr-616	51	42	earnings	earning	NOUN
afbr-616	51	43	ratio	ratio	NOUN
afbr-616	51	44	(	(	PUNCT
afbr-616	51	45	per	per	ADP
afbr-616	51	46	)	)	PUNCT
afbr-616	51	47	market	market	NOUN
afbr-616	51	48	per	per	ADP
afbr-616	51	49	share	share	NOUN
afbr-616	51	50	÷earning	÷earne	VERB
afbr-616	51	51	per	per	ADP
afbr-616	51	52	share	share	NOUN
afbr-616	51	53	earnings	earning	NOUN
afbr-616	51	54	per	per	ADP
afbr-616	51	55	share	share	NOUN
afbr-616	51	56	(	(	PUNCT
afbr-616	51	57	eps	eps	PROPN
afbr-616	51	58	)	)	PUNCT
afbr-616	51	59	(	(	PUNCT
afbr-616	51	60	profit	profit	NOUN
afbr-616	51	61	after	after	ADP
afbr-616	51	62	tax	tax	NOUN
afbr-616	51	63	–	–	PUNCT
afbr-616	51	64	preference	preference	NOUN
afbr-616	51	65	dividends)÷	dividends)÷	NOUN
afbr-616	51	66	copyright	copyright	NOUN
afbr-616	52	1	©	©	PROPN
afbr-616	52	2	cc	cc	PROPN
afbr-616	52	3	-	-	PUNCT
afbr-616	52	4	by	by	ADP
afbr-616	52	5	-	-	PUNCT
afbr-616	52	6	nc	nc	PROPN
afbr-616	52	7	2019	2019	NUM
afbr-616	52	8	,	,	PUNCT
afbr-616	52	9	cribfb	cribfb	PROPN
afbr-616	52	10	|	|	ADV
afbr-616	52	11	afbr	afbr	PROPN
afbr-616	52	12	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-616	52	13	australian	australian	ADJ
afbr-616	52	14	finance	finance	PROPN
afbr-616	52	15	&	&	CCONJ
afbr-616	52	16	banking	banking	PROPN
afbr-616	52	17	review	review	PROPN
afbr-616	52	18	vol	vol	NOUN
afbr-616	52	19	.	.	PROPN
afbr-616	53	1	4	4	NUM
afbr-616	53	2	,	,	PUNCT
afbr-616	53	3	no	no	INTJ
afbr-616	53	4	.	.	NOUN
afbr-616	53	5	1	1	NUM
afbr-616	53	6	;	;	PUNCT
afbr-616	53	7	2020	2020	NUM
afbr-616	53	8	39	39	NUM
afbr-616	53	9	number	number	NOUN
afbr-616	53	10	of	of	ADP
afbr-616	53	11	shares	share	NOUN
afbr-616	53	12	held	hold	VERB
afbr-616	53	13	by	by	ADP
afbr-616	53	14	equity	equity	NOUN
afbr-616	53	15	shareholders	shareholder	NOUN
afbr-616	53	16	profitability	profitability	NOUN
afbr-616	53	17	(	(	PUNCT
afbr-616	53	18	dependent	dependent	ADJ
afbr-616	53	19	variable	variable	NOUN
afbr-616	53	20	)	)	PUNCT
afbr-616	53	21	return	return	NOUN
afbr-616	53	22	on	on	ADP
afbr-616	53	23	assets	asset	NOUN
afbr-616	53	24	(	(	PUNCT
afbr-616	53	25	roa	roa	NOUN
afbr-616	53	26	)	)	PUNCT
afbr-616	53	27	profit	profit	NOUN
afbr-616	53	28	after	after	ADP
afbr-616	53	29	tax	tax	NOUN
afbr-616	53	30	÷	÷	PUNCT
afbr-616	53	31	total	total	ADJ
afbr-616	53	32	assets	asset	NOUN
afbr-616	53	33	return	return	VERB
afbr-616	53	34	on	on	ADP
afbr-616	53	35	equity	equity	NOUN
afbr-616	53	36	(	(	PUNCT
afbr-616	53	37	roe	roe	PROPN
afbr-616	53	38	)	)	PUNCT
afbr-616	53	39	(	(	PUNCT
afbr-616	53	40	profit	profit	NOUN
afbr-616	53	41	after	after	ADP
afbr-616	53	42	tax	tax	NOUN
afbr-616	53	43	₋	₋	NOUN
afbr-616	53	44	preference	preference	NOUN
afbr-616	53	45	dividend)÷shareholders	dividend)÷shareholder	NOUN
afbr-616	53	46	’	’	PART
afbr-616	53	47	equity	equity	NOUN
afbr-616	53	48	6.1	6.1	NUM
afbr-616	53	49	use	use	NOUN
afbr-616	53	50	of	of	ADP
afbr-616	53	51	correlation	correlation	NOUN
afbr-616	53	52	matrix	matrix	NOUN
afbr-616	53	53	correlation	correlation	NOUN
afbr-616	53	54	matrix	matrix	NOUN
afbr-616	53	55	has	have	AUX
afbr-616	53	56	been	be	AUX
afbr-616	53	57	used	use	VERB
afbr-616	53	58	to	to	PART
afbr-616	53	59	demonstrate	demonstrate	VERB
afbr-616	53	60	the	the	DET
afbr-616	53	61	strength	strength	NOUN
afbr-616	53	62	of	of	ADP
afbr-616	53	63	relationship	relationship	NOUN
afbr-616	53	64	within	within	ADP
afbr-616	53	65	the	the	DET
afbr-616	53	66	independent	independent	ADJ
afbr-616	53	67	variables	variable	NOUN
afbr-616	53	68	and	and	CCONJ
afbr-616	53	69	between	between	ADP
afbr-616	53	70	the	the	DET
afbr-616	53	71	dependent	dependent	ADJ
afbr-616	53	72	variables	variable	NOUN
afbr-616	53	73	and	and	CCONJ
afbr-616	53	74	independent	independent	ADJ
afbr-616	53	75	variables	variable	NOUN
afbr-616	53	76	.	.	PUNCT
afbr-616	54	1	it	it	PRON
afbr-616	54	2	helps	help	VERB
afbr-616	54	3	in	in	ADP
afbr-616	54	4	finding	find	VERB
afbr-616	54	5	out	out	ADP
afbr-616	54	6	the	the	DET
afbr-616	54	7	pair	pair	NOUN
afbr-616	54	8	of	of	ADP
afbr-616	54	9	variables	variable	NOUN
afbr-616	54	10	having	have	VERB
afbr-616	54	11	the	the	DET
afbr-616	54	12	highest	high	ADJ
afbr-616	54	13	correlation	correlation	NOUN
afbr-616	54	14	.	.	PUNCT
afbr-616	55	1	table	table	NOUN
afbr-616	55	2	2	2	NUM
afbr-616	55	3	.	.	PUNCT
afbr-616	55	4	correlation	correlation	NOUN
afbr-616	55	5	matrix	matrix	NOUN
afbr-616	55	6	dpr	dpr	PROPN
afbr-616	55	7	eps	eps	PROPN
afbr-616	55	8	per	per	ADP
afbr-616	55	9	dpr	dpr	PROPN
afbr-616	55	10	pearson	pearson	PROPN
afbr-616	55	11	correlation	correlation	NOUN
afbr-616	55	12	1	1	NUM
afbr-616	55	13	-0.128	-0.128	NOUN
afbr-616	55	14	.285	.285	NUM
afbr-616	55	15	sig.(2	sig.(2	NOUN
afbr-616	55	16	-	-	PUNCT
afbr-616	55	17	tailed	tail	VERB
afbr-616	55	18	)	)	PUNCT
afbr-616	55	19	.380	.380	NUM
afbr-616	55	20	.048	.048	NUM
afbr-616	55	21	n	n	CCONJ
afbr-616	55	22	52	52	NUM
afbr-616	55	23	52	52	NUM
afbr-616	55	24	52	52	NUM
afbr-616	55	25	eps	eps	PROPN
afbr-616	55	26	pearson	pearson	PROPN
afbr-616	55	27	correlation	correlation	NOUN
afbr-616	55	28	-0.128	-0.128	PUNCT
afbr-616	55	29	1	1	NUM
afbr-616	55	30	.067	.067	NUM
afbr-616	55	31	sig.(2	sig.(2	NOUN
afbr-616	55	32	-	-	PUNCT
afbr-616	55	33	tailed	tail	VERB
afbr-616	55	34	)	)	PUNCT
afbr-616	55	35	.380	.380	NUM
afbr-616	55	36	.650	.650	NUM
afbr-616	55	37	n	n	CCONJ
afbr-616	55	38	52	52	NUM
afbr-616	55	39	52	52	NUM
afbr-616	55	40	52	52	NUM
afbr-616	55	41	per	per	ADP
afbr-616	55	42	pearson	pearson	NOUN
afbr-616	55	43	correlation	correlation	NOUN
afbr-616	55	44	.285	.285	NUM
afbr-616	55	45	.067	.067	NUM
afbr-616	55	46	1	1	NUM
afbr-616	55	47	sig.(2	sig.(2	NOUN
afbr-616	55	48	-	-	PUNCT
afbr-616	55	49	tailed	tail	VERB
afbr-616	55	50	)	)	PUNCT
afbr-616	55	51	.048	.048	NUM
afbr-616	55	52	.650	.650	NUM
afbr-616	56	1	n	n	CCONJ
afbr-616	56	2	52	52	NUM
afbr-616	56	3	52	52	NUM
afbr-616	56	4	52	52	NUM
afbr-616	56	5	notecorrelation	notecorrelation	NOUN
afbr-616	56	6	significant	significant	ADJ
afbr-616	56	7	at	at	ADP
afbr-616	56	8	0.05	0.05	NUM
afbr-616	56	9	level	level	NOUN
afbr-616	56	10	interpretation	interpretation	NOUN
afbr-616	56	11	(	(	PUNCT
afbr-616	56	12	1	1	NUM
afbr-616	56	13	):	):	PUNCT
afbr-616	56	14	table-2	table-2	NUM
afbr-616	56	15	evidences	evidence	NOUN
afbr-616	56	16	that	that	SCONJ
afbr-616	56	17	values	value	NOUN
afbr-616	56	18	of	of	ADP
afbr-616	56	19	coefficient	coefficient	NOUN
afbr-616	56	20	between	between	ADP
afbr-616	56	21	the	the	DET
afbr-616	56	22	independent	independent	ADJ
afbr-616	56	23	variables	variables	PROPN
afbr-616	56	24	dpr	dpr	PROPN
afbr-616	56	25	-	-	PUNCT
afbr-616	56	26	eps	eps	PROPN
afbr-616	56	27	,	,	PUNCT
afbr-616	56	28	dpr	dpr	PROPN
afbr-616	56	29	-	-	PUNCT
afbr-616	56	30	per	per	NOUN
afbr-616	56	31	and	and	CCONJ
afbr-616	56	32	per	per	ADP
afbr-616	56	33	-	-	PUNCT
afbr-616	56	34	eps	eps	NOUN
afbr-616	56	35	are	be	AUX
afbr-616	56	36	-0.128	-0.128	ADJ
afbr-616	56	37	,	,	PUNCT
afbr-616	56	38	0.285	0.285	NUM
afbr-616	56	39	and	and	CCONJ
afbr-616	56	40	0.650	0.650	NUM
afbr-616	56	41	respectively	respectively	ADV
afbr-616	56	42	;	;	PUNCT
afbr-616	56	43	each	each	DET
afbr-616	56	44	value	value	NOUN
afbr-616	56	45	is	be	AUX
afbr-616	56	46	less	less	ADJ
afbr-616	56	47	than	than	ADP
afbr-616	56	48	0.80	0.80	NUM
afbr-616	56	49	.	.	PUNCT
afbr-616	57	1	the	the	DET
afbr-616	57	2	result	result	NOUN
afbr-616	57	3	demonstrates	demonstrate	VERB
afbr-616	57	4	that	that	SCONJ
afbr-616	57	5	there	there	PRON
afbr-616	57	6	is	be	VERB
afbr-616	57	7	no	no	DET
afbr-616	57	8	multicolinearity	multicolinearity	NOUN
afbr-616	57	9	existence	existence	NOUN
afbr-616	57	10	among	among	ADP
afbr-616	57	11	the	the	DET
afbr-616	57	12	independent	independent	ADJ
afbr-616	57	13	variables	variable	NOUN
afbr-616	57	14	.	.	PUNCT
afbr-616	58	1	however	however	ADV
afbr-616	58	2	,	,	PUNCT
afbr-616	58	3	correlation	correlation	NOUN
afbr-616	58	4	coefficient	coefficient	NOUN
afbr-616	58	5	between	between	ADP
afbr-616	58	6	the	the	DET
afbr-616	58	7	dependent	dependent	ADJ
afbr-616	58	8	variables	variable	NOUN
afbr-616	58	9	e.g.	e.g.	ADV
afbr-616	58	10	roa	roa	NOUN
afbr-616	58	11	and	and	CCONJ
afbr-616	58	12	roe	roe	PROPN
afbr-616	58	13	is	be	AUX
afbr-616	58	14	significantly	significantly	ADV
afbr-616	58	15	high	high	ADJ
afbr-616	58	16	at	at	ADP
afbr-616	58	17	0.915	0.915	NUM
afbr-616	58	18	.	.	PUNCT
afbr-616	59	1	6.2	6.2	NUM
afbr-616	59	2	use	use	NOUN
afbr-616	59	3	of	of	ADP
afbr-616	59	4	panel	panel	NOUN
afbr-616	59	5	regression	regression	NOUN
afbr-616	59	6	model	model	NOUN
afbr-616	59	7	regression	regression	NOUN
afbr-616	59	8	model	model	NOUN
afbr-616	59	9	is	be	AUX
afbr-616	59	10	employed	employ	VERB
afbr-616	59	11	to	to	PART
afbr-616	59	12	establish	establish	VERB
afbr-616	59	13	the	the	DET
afbr-616	59	14	fact	fact	NOUN
afbr-616	59	15	that	that	SCONJ
afbr-616	59	16	how	how	SCONJ
afbr-616	59	17	the	the	DET
afbr-616	59	18	particular	particular	ADJ
afbr-616	59	19	value	value	NOUN
afbr-616	59	20	of	of	ADP
afbr-616	59	21	dependent	dependent	ADJ
afbr-616	59	22	variable	variable	ADJ
afbr-616	59	23	changes	change	NOUN
afbr-616	59	24	with	with	ADP
afbr-616	59	25	any	any	DET
afbr-616	59	26	change	change	NOUN
afbr-616	59	27	in	in	ADP
afbr-616	59	28	one	one	NUM
afbr-616	59	29	of	of	ADP
afbr-616	59	30	the	the	DET
afbr-616	59	31	independent	independent	ADJ
afbr-616	59	32	variables	variable	NOUN
afbr-616	59	33	keeping	keep	VERB
afbr-616	59	34	other	other	ADJ
afbr-616	59	35	independent	independent	ADJ
afbr-616	59	36	variables	variable	NOUN
afbr-616	59	37	constant	constant	ADJ
afbr-616	59	38	.	.	PUNCT
afbr-616	60	1	panel	panel	NOUN
afbr-616	60	2	regression	regression	NOUN
afbr-616	60	3	model	model	NOUN
afbr-616	60	4	has	have	AUX
afbr-616	60	5	been	be	AUX
afbr-616	60	6	applied	apply	VERB
afbr-616	60	7	in	in	ADP
afbr-616	60	8	administering	administer	VERB
afbr-616	60	9	multidimensional	multidimensional	ADJ
afbr-616	60	10	analysis	analysis	NOUN
afbr-616	60	11	over	over	ADP
afbr-616	60	12	a	a	DET
afbr-616	60	13	period	period	NOUN
afbr-616	60	14	of	of	ADP
afbr-616	60	15	time	time	NOUN
afbr-616	60	16	.	.	PUNCT
afbr-616	61	1	two	two	NUM
afbr-616	61	2	methods	method	NOUN
afbr-616	61	3	are	be	AUX
afbr-616	61	4	available	available	ADJ
afbr-616	61	5	for	for	ADP
afbr-616	61	6	panel	panel	NOUN
afbr-616	61	7	regression:(1	regression:(1	ADJ
afbr-616	61	8	)	)	PUNCT
afbr-616	61	9	fixed	fix	VERB
afbr-616	61	10	effect	effect	NOUN
afbr-616	61	11	model	model	NOUN
afbr-616	61	12	and(2	and(2	NOUN
afbr-616	61	13	)	)	PUNCT
afbr-616	61	14	random	random	ADJ
afbr-616	61	15	effect	effect	NOUN
afbr-616	61	16	model	model	NOUN
afbr-616	61	17	.	.	PUNCT
afbr-616	62	1	(	(	PUNCT
afbr-616	62	2	1	1	X
afbr-616	62	3	)	)	PUNCT
afbr-616	62	4	fixed	fix	VERB
afbr-616	62	5	effect	effect	NOUN
afbr-616	62	6	model	model	NOUN
afbr-616	62	7	:	:	PUNCT
afbr-616	62	8	with	with	ADP
afbr-616	62	9	the	the	DET
afbr-616	62	10	assumption	assumption	NOUN
afbr-616	62	11	that	that	SCONJ
afbr-616	62	12	properties	property	NOUN
afbr-616	62	13	of	of	ADP
afbr-616	62	14	certain	certain	ADJ
afbr-616	62	15	variables	variable	NOUN
afbr-616	62	16	do	do	AUX
afbr-616	62	17	not	not	PART
afbr-616	62	18	vary	vary	VERB
afbr-616	62	19	across	across	ADP
afbr-616	62	20	time	time	NOUN
afbr-616	62	21	and	and	CCONJ
afbr-616	62	22	may	may	AUX
afbr-616	62	23	or	or	CCONJ
afbr-616	62	24	may	may	AUX
afbr-616	62	25	not	not	PART
afbr-616	62	26	be	be	AUX
afbr-616	62	27	correlated	correlate	VERB
afbr-616	62	28	with	with	ADP
afbr-616	62	29	the	the	DET
afbr-616	62	30	individual	individual	ADJ
afbr-616	62	31	dependent	dependent	ADJ
afbr-616	62	32	variables	variable	NOUN
afbr-616	62	33	,	,	PUNCT
afbr-616	62	34	it	it	PRON
afbr-616	62	35	is	be	AUX
afbr-616	62	36	tested	test	VERB
afbr-616	62	37	to	to	PART
afbr-616	62	38	establish	establish	VERB
afbr-616	62	39	that	that	SCONJ
afbr-616	62	40	whether	whether	SCONJ
afbr-616	62	41	fixed	fix	VERB
afbr-616	62	42	effects	effect	NOUN
afbr-616	62	43	or	or	CCONJ
afbr-616	62	44	random	random	ADJ
afbr-616	62	45	effects	effect	NOUN
afbr-616	62	46	are	be	AUX
afbr-616	62	47	necessary	necessary	ADJ
afbr-616	62	48	to	to	PART
afbr-616	62	49	upgrade	upgrade	VERB
afbr-616	62	50	the	the	DET
afbr-616	62	51	model	model	NOUN
afbr-616	62	52	.	.	PUNCT
afbr-616	63	1	it	it	PRON
afbr-616	63	2	can	can	AUX
afbr-616	63	3	be	be	AUX
afbr-616	63	4	dissected	dissect	VERB
afbr-616	63	5	adopting	adopt	VERB
afbr-616	63	6	hausman	hausman	ADJ
afbr-616	63	7	test	test	NOUN
afbr-616	63	8	.	.	PUNCT
afbr-616	64	1	(	(	PUNCT
afbr-616	64	2	2	2	X
afbr-616	64	3	)	)	PUNCT
afbr-616	64	4	random	random	ADJ
afbr-616	64	5	effect	effect	NOUN
afbr-616	64	6	model	model	NOUN
afbr-616	64	7	:	:	PUNCT
afbr-616	64	8	in	in	ADP
afbr-616	64	9	this	this	DET
afbr-616	64	10	model	model	NOUN
afbr-616	64	11	,	,	PUNCT
afbr-616	64	12	parameters	parameter	NOUN
afbr-616	64	13	are	be	AUX
afbr-616	64	14	random	random	ADJ
afbr-616	64	15	variables	variable	NOUN
afbr-616	64	16	and	and	CCONJ
afbr-616	64	17	have	have	VERB
afbr-616	64	18	similarity	similarity	NOUN
afbr-616	64	19	with	with	ADP
afbr-616	64	20	hierarchy	hierarchy	NOUN
afbr-616	64	21	liner	liner	NOUN
afbr-616	64	22	model	model	NOUN
afbr-616	64	23	.	.	PUNCT
afbr-616	65	1	it	it	PRON
afbr-616	65	2	is	be	AUX
afbr-616	65	3	used	use	VERB
afbr-616	65	4	to	to	PART
afbr-616	65	5	examine	examine	VERB
afbr-616	65	6	panel	panel	NOUN
afbr-616	65	7	data	datum	NOUN
afbr-616	65	8	with	with	ADP
afbr-616	65	9	the	the	DET
afbr-616	65	10	assumption	assumption	NOUN
afbr-616	65	11	of	of	ADP
afbr-616	65	12	no	no	DET
afbr-616	65	13	fixed	fix	VERB
afbr-616	65	14	effects	effect	NOUN
afbr-616	65	15	.	.	PUNCT
afbr-616	66	1	7	7	X
afbr-616	66	2	.	.	NOUN
afbr-616	66	3	results	result	NOUN
afbr-616	66	4	and	and	CCONJ
afbr-616	66	5	discussions	discussion	NOUN
afbr-616	66	6	:	:	PUNCT
afbr-616	66	7	model	model	NOUN
afbr-616	66	8	.	.	PUNCT
afbr-616	67	1	i	i	PRON
afbr-616	67	2	:	:	PUNCT
afbr-616	67	3	(	(	PUNCT
afbr-616	67	4	roa	roa	PROPN
afbr-616	67	5	c	c	PROPN
afbr-616	67	6	dpr	dpr	PROPN
afbr-616	67	7	per	per	ADP
afbr-616	67	8	eps	eps	PROPN
afbr-616	67	9	)	)	PUNCT
afbr-616	67	10	7.1	7.1	NUM
afbr-616	67	11	interpretation	interpretation	NOUN
afbr-616	67	12	(	(	PUNCT
afbr-616	67	13	2):µ01	2):µ01	NUM
afbr-616	67	14	there	there	PRON
afbr-616	67	15	is	be	VERB
afbr-616	67	16	no	no	DET
afbr-616	67	17	significant	significant	ADJ
afbr-616	67	18	impact	impact	NOUN
afbr-616	67	19	of	of	ADP
afbr-616	67	20	dpr	dpr	PROPN
afbr-616	67	21	,	,	PUNCT
afbr-616	67	22	per	per	ADV
afbr-616	67	23	and	and	CCONJ
afbr-616	67	24	eps	eps	PROPN
afbr-616	67	25	on	on	ADP
afbr-616	67	26	roa	roa	PROPN
afbr-616	67	27	across	across	ADP
afbr-616	67	28	the	the	DET
afbr-616	67	29	panel	panel	NOUN
afbr-616	67	30	.	.	PUNCT
afbr-616	68	1	the	the	DET
afbr-616	68	2	model	model	NOUN
afbr-616	68	3	with	with	ADP
afbr-616	68	4	random	random	ADJ
afbr-616	68	5	effect	effect	NOUN
afbr-616	68	6	is	be	AUX
afbr-616	68	7	evaluated	evaluate	VERB
afbr-616	68	8	and	and	CCONJ
afbr-616	68	9	then	then	ADV
afbr-616	68	10	hausman	hausman	PROPN
afbr-616	68	11	test	test	NOUN
afbr-616	68	12	is	be	AUX
afbr-616	68	13	exercised	exercise	VERB
afbr-616	68	14	to	to	PART
afbr-616	68	15	ratiocinate	ratiocinate	VERB
afbr-616	68	16	about	about	ADP
afbr-616	68	17	the	the	DET
afbr-616	68	18	method	method	NOUN
afbr-616	68	19	to	to	PART
afbr-616	68	20	be	be	AUX
afbr-616	68	21	used	use	VERB
afbr-616	68	22	for	for	ADP
afbr-616	68	23	testing	test	VERB
afbr-616	68	24	the	the	DET
afbr-616	68	25	hypothesis	hypothesis	NOUN
afbr-616	68	26	.	.	PUNCT
afbr-616	69	1	if	if	SCONJ
afbr-616	69	2	prob	prob	PROPN
afbr-616	69	3	.	.	PROPN
afbr-616	69	4	value	value	PROPN
afbr-616	69	5	of	of	ADP
afbr-616	69	6	hausman	hausman	ADJ
afbr-616	69	7	test	test	NOUN
afbr-616	69	8	is	be	AUX
afbr-616	69	9	less	less	ADJ
afbr-616	69	10	than	than	ADP
afbr-616	69	11	0.05	0.05	NUM
afbr-616	69	12	,	,	PUNCT
afbr-616	69	13	null	null	ADJ
afbr-616	69	14	hypothesis	hypothesis	NOUN
afbr-616	69	15	is	be	AUX
afbr-616	69	16	rejected	reject	VERB
afbr-616	69	17	indicating	indicate	VERB
afbr-616	69	18	appropriateness	appropriateness	NOUN
afbr-616	69	19	of	of	ADP
afbr-616	69	20	the	the	DET
afbr-616	69	21	fixed	fix	VERB
afbr-616	69	22	effect	effect	NOUN
afbr-616	69	23	model	model	NOUN
afbr-616	69	24	for	for	ADP
afbr-616	69	25	the	the	DET
afbr-616	69	26	study	study	NOUN
afbr-616	69	27	.	.	PUNCT
afbr-616	70	1	if	if	SCONJ
afbr-616	70	2	null	null	ADJ
afbr-616	70	3	hypothesis	hypothesis	NOUN
afbr-616	70	4	is	be	AUX
afbr-616	70	5	accepted	accept	VERB
afbr-616	70	6	,	,	PUNCT
afbr-616	70	7	it	it	PRON
afbr-616	70	8	is	be	AUX
afbr-616	70	9	suitable	suitable	ADJ
afbr-616	70	10	to	to	PART
afbr-616	70	11	use	use	VERB
afbr-616	70	12	random	random	ADJ
afbr-616	70	13	effect	effect	NOUN
afbr-616	70	14	model	model	NOUN
afbr-616	70	15	.	.	PUNCT
afbr-616	71	1	as	as	ADP
afbr-616	71	2	prob	prob	PROPN
afbr-616	71	3	.	.	PUNCT
afbr-616	71	4	value	value	NOUN
afbr-616	71	5	copyright	copyright	NOUN
afbr-616	71	6	©	©	PROPN
afbr-616	71	7	cc	cc	PROPN
afbr-616	71	8	-	-	PUNCT
afbr-616	71	9	by	by	ADP
afbr-616	71	10	-	-	PUNCT
afbr-616	71	11	nc	nc	PROPN
afbr-616	71	12	2019	2019	NUM
afbr-616	71	13	,	,	PUNCT
afbr-616	71	14	cribfb	cribfb	PROPN
afbr-616	71	15	|	|	ADV
afbr-616	71	16	afbr	afbr	PROPN
afbr-616	71	17	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-616	71	18	australian	australian	ADJ
afbr-616	71	19	finance	finance	PROPN
afbr-616	71	20	&	&	CCONJ
afbr-616	71	21	banking	banking	PROPN
afbr-616	71	22	review	review	PROPN
afbr-616	71	23	vol	vol	NOUN
afbr-616	71	24	.	.	PROPN
afbr-616	71	25	4	4	NUM
afbr-616	71	26	,	,	PUNCT
afbr-616	71	27	no	no	INTJ
afbr-616	71	28	.	.	NOUN
afbr-616	71	29	1	1	NUM
afbr-616	71	30	;	;	PUNCT
afbr-616	71	31	2020	2020	NUM
afbr-616	71	32	40	40	NUM
afbr-616	71	33	(	(	PUNCT
afbr-616	71	34	0.113	0.113	NUM
afbr-616	71	35	)	)	PUNCT
afbr-616	71	36	is	be	AUX
afbr-616	71	37	higher	high	ADJ
afbr-616	71	38	than	than	ADP
afbr-616	71	39	0.05	0.05	NUM
afbr-616	71	40	,	,	PUNCT
afbr-616	71	41	null	null	ADJ
afbr-616	71	42	hypothesis	hypothesis	NOUN
afbr-616	71	43	is	be	AUX
afbr-616	71	44	accepted	accept	VERB
afbr-616	71	45	extrapolating	extrapolate	VERB
afbr-616	71	46	that	that	SCONJ
afbr-616	71	47	fixed	fix	VERB
afbr-616	71	48	effect	effect	NOUN
afbr-616	71	49	regression	regression	NOUN
afbr-616	71	50	model	model	NOUN
afbr-616	71	51	is	be	AUX
afbr-616	71	52	inappropriate	inappropriate	ADJ
afbr-616	71	53	,	,	PUNCT
afbr-616	71	54	rather	rather	ADV
afbr-616	71	55	,	,	PUNCT
afbr-616	71	56	random	random	ADJ
afbr-616	71	57	effect	effect	NOUN
afbr-616	71	58	model	model	NOUN
afbr-616	71	59	is	be	AUX
afbr-616	71	60	appropriate	appropriate	ADJ
afbr-616	71	61	to	to	PART
afbr-616	71	62	use	use	VERB
afbr-616	71	63	(	(	PUNCT
afbr-616	71	64	table-3	table-3	NUM
afbr-616	71	65	)	)	PUNCT
afbr-616	71	66	.	.	PUNCT
afbr-616	72	1	table	table	NOUN
afbr-616	72	2	3	3	NUM
afbr-616	72	3	.	.	PUNCT
afbr-616	72	4	correlation	correlation	NOUN
afbr-616	72	5	random	random	ADJ
afbr-616	72	6	effects	effect	NOUN
afbr-616	72	7	(	(	PUNCT
afbr-616	72	8	hausmantest	hausmant	ADJ
afbr-616	72	9	)	)	PUNCT
afbr-616	72	10	test	test	NOUN
afbr-616	72	11	cross	cross	PROPN
afbr-616	72	12	section	section	PROPN
afbr-616	72	13	random	random	ADJ
afbr-616	72	14	effects	effect	NOUN
afbr-616	72	15	test	test	NOUN
afbr-616	72	16	summary	summary	NOUN
afbr-616	72	17	chi	chi	PROPN
afbr-616	72	18	-	-	PUNCT
afbr-616	72	19	sq	sq	PROPN
afbr-616	72	20	.	.	PROPN
afbr-616	72	21	statistic	statistic	ADJ
afbr-616	72	22	chi	chi	PROPN
afbr-616	72	23	-	-	PUNCT
afbr-616	72	24	sq	sq	PROPN
afbr-616	72	25	.	.	PUNCT
afbr-616	72	26	d.f	d.f	PROPN
afbr-616	72	27	.	.	PROPN
afbr-616	72	28	prob	prob	PROPN
afbr-616	72	29	.	.	PUNCT
afbr-616	73	1	cross	cross	PROPN
afbr-616	73	2	section	section	PROPN
afbr-616	73	3	random	random	ADJ
afbr-616	73	4	5.986	5.986	NUM
afbr-616	73	5	3	3	NUM
afbr-616	73	6	0.113	0.113	NUM
afbr-616	73	7	table-3.1	table-3.1	NOUN
afbr-616	73	8	.	.	PUNCT
afbr-616	74	1	cross	cross	PROPN
afbr-616	74	2	section	section	PROPN
afbr-616	74	3	random	random	ADJ
afbr-616	74	4	effects	effect	NOUN
afbr-616	74	5	test	test	VERB
afbr-616	74	6	comparison	comparison	NOUN
afbr-616	74	7	variable	variable	ADJ
afbr-616	74	8	fixed	fix	VERB
afbr-616	74	9	random	random	ADJ
afbr-616	74	10	var	var	NOUN
afbr-616	74	11	(	(	PUNCT
afbr-616	74	12	diff	diff	PROPN
afbr-616	74	13	.	.	PUNCT
afbr-616	74	14	)	)	PUNCT
afbr-616	74	15	prob	prob	INTJ
afbr-616	74	16	.	.	PUNCT
afbr-616	75	1	dpr	dpr	PROPN
afbr-616	75	2	2.327	2.327	NUM
afbr-616	75	3	2.281	2.281	NUM
afbr-616	75	4	0.386	0.386	NUM
afbr-616	75	5	0.940	0.940	NUM
afbr-616	75	6	per	per	ADP
afbr-616	75	7	0.225	0.225	NUM
afbr-616	75	8	0.178	0.178	NUM
afbr-616	75	9	0.009	0.009	NUM
afbr-616	75	10	0.630	0.630	NUM
afbr-616	75	11	eps	eps	PROPN
afbr-616	75	12	0.084	0.084	NUM
afbr-616	75	13	0.097	0.097	NUM
afbr-616	75	14	0.001	0.001	NUM
afbr-616	75	15	0.472	0.472	NUM
afbr-616	75	16	variable	variable	ADJ
afbr-616	75	17	coefficient	coefficient	NOUN
afbr-616	75	18	std	std	NOUN
afbr-616	75	19	.	.	NOUN
afbr-616	75	20	error	error	NOUN
afbr-616	75	21	t	t	NOUN
afbr-616	75	22	-	-	PUNCT
afbr-616	75	23	statistic	statistic	NOUN
afbr-616	75	24	prob	prob	NOUN
afbr-616	75	25	.	.	PUNCT
afbr-616	76	1	c	c	PROPN
afbr-616	76	2	11.548	11.548	NUM
afbr-616	76	3	3.527	3.527	NUM
afbr-616	76	4	3.275	3.275	NUM
afbr-616	76	5	0.003	0.003	NUM
afbr-616	76	6	dpr	dpr	PROPN
afbr-616	76	7	2.327	2.327	NUM
afbr-616	76	8	2.711	2.711	NUM
afbr-616	76	9	0.859	0.859	NUM
afbr-616	76	10	0.397	0.397	NUM
afbr-616	76	11	per	per	ADP
afbr-616	76	12	0.225	0.225	NUM
afbr-616	76	13	0.170	0.170	NUM
afbr-616	76	14	1.325	1.325	NUM
afbr-616	76	15	0.194	0.194	NUM
afbr-616	76	16	eps	eps	PROPN
afbr-616	76	17	0.084	0.084	NUM
afbr-616	76	18	0.035	0.035	NUM
afbr-616	76	19	2.443	2.443	NUM
afbr-616	76	20	0.019	0.019	NUM
afbr-616	76	21	table-3.2	table-3.2	NOUN
afbr-616	76	22	.	.	PUNCT
afbr-616	77	1	effects	effect	NOUN
afbr-616	77	2	specification	specification	PROPN
afbr-616	77	3	cross	cross	PROPN
afbr-616	77	4	section	section	PROPN
afbr-616	77	5	fixed	fix	VERB
afbr-616	77	6	(	(	PUNCT
afbr-616	77	7	dummy	dummy	ADJ
afbr-616	77	8	variables	variable	NOUN
afbr-616	77	9	)	)	PUNCT
afbr-616	77	10	r	r	X
afbr-616	77	11	-	-	PUNCT
afbr-616	77	12	squared	square	VERB
afbr-616	77	13	0.836	0.836	NUM
afbr-616	77	14	mean	mean	NOUN
afbr-616	77	15	dependent	dependent	ADJ
afbr-616	77	16	variable	variable	NOUN
afbr-616	77	17	19.466	19.466	NUM
afbr-616	77	18	adjusted	adjust	VERB
afbr-616	77	19	r	r	NOUN
afbr-616	77	20	-	-	PUNCT
afbr-616	77	21	squared	square	VERB
afbr-616	77	22	0.783	0.783	NUM
afbr-616	77	23	s.d	s.d	PROPN
afbr-616	77	24	.	.	PUNCT
afbr-616	78	1	dependent	dependent	ADJ
afbr-616	78	2	variable	variable	NOUN
afbr-616	78	3	7.318	7.318	NUM
afbr-616	78	4	s.e	s.e	PROPN
afbr-616	78	5	.	.	PROPN
afbr-616	78	6	of	of	ADP
afbr-616	78	7	regression	regression	NOUN
afbr-616	78	8	3.416	3.416	NUM
afbr-616	78	9	akaike	akaike	ADJ
afbr-616	78	10	info	info	NOUN
afbr-616	78	11	criterion	criterion	NOUN
afbr-616	78	12	5.514	5.514	NUM
afbr-616	78	13	sum	sum	NOUN
afbr-616	78	14	squared	square	VERB
afbr-616	78	15	resid	resid	NOUN
afbr-616	78	16	.	.	PUNCT
afbr-616	79	1	431.635	431.635	NUM
afbr-616	79	2	schwarz	schwarz	PROPN
afbr-616	79	3	criterion	criterion	NOUN
afbr-616	79	4	6.011	6.011	NUM
afbr-616	79	5	log	log	NOUN
afbr-616	79	6	likelihood	likelihood	NOUN
afbr-616	79	7	-124.836	-124.836	NUM
afbr-616	79	8	hannan	hannan	PROPN
afbr-616	79	9	quinn	quinn	PROPN
afbr-616	79	10	criterion	criterion	NOUN
afbr-616	79	11	5.703	5.703	NUM
afbr-616	79	12	f	f	PROPN
afbr-616	79	13	statistic	statistic	NOUN
afbr-616	79	14	15.658	15.658	NUM
afbr-616	79	15	durbin	durbin	PROPN
afbr-616	79	16	watson	watson	PROPN
afbr-616	79	17	statistic	statistic	PROPN
afbr-616	79	18	2.315	2.315	NUM
afbr-616	79	19	prob.(f	prob.(f	NOUN
afbr-616	79	20	-	-	PUNCT
afbr-616	79	21	statistic	statistic	NOUN
afbr-616	79	22	)	)	PUNCT
afbr-616	79	23	0.000	0.000	NUM
afbr-616	79	24	other	other	ADJ
afbr-616	79	25	prerequisite	prerequisite	NOUN
afbr-616	79	26	conditions	condition	NOUN
afbr-616	79	27	also	also	ADV
afbr-616	79	28	support	support	VERB
afbr-616	79	29	the	the	DET
afbr-616	79	30	model	model	NOUN
afbr-616	79	31	and	and	CCONJ
afbr-616	79	32	its	its	PRON
afbr-616	79	33	result	result	NOUN
afbr-616	79	34	.	.	PUNCT
afbr-616	80	1	probability	probability	NOUN
afbr-616	80	2	value	value	NOUN
afbr-616	80	3	of	of	ADP
afbr-616	80	4	the	the	DET
afbr-616	80	5	model	model	NOUN
afbr-616	80	6	being	be	AUX
afbr-616	80	7	less	less	ADJ
afbr-616	80	8	than	than	ADP
afbr-616	80	9	0.05	0.05	NUM
afbr-616	80	10	(	(	PUNCT
afbr-616	80	11	0.0000	0.0000	NUM
afbr-616	80	12	)	)	PUNCT
afbr-616	80	13	suggests	suggest	VERB
afbr-616	80	14	that	that	SCONJ
afbr-616	80	15	inference	inference	NOUN
afbr-616	80	16	drawn	draw	VERB
afbr-616	80	17	from	from	ADP
afbr-616	80	18	the	the	DET
afbr-616	80	19	model	model	NOUN
afbr-616	80	20	is	be	AUX
afbr-616	80	21	correct	correct	ADJ
afbr-616	80	22	and	and	CCONJ
afbr-616	80	23	the	the	DET
afbr-616	80	24	result	result	NOUN
afbr-616	80	25	justified	justify	VERB
afbr-616	80	26	.	.	PUNCT
afbr-616	81	1	this	this	PRON
afbr-616	81	2	also	also	ADV
afbr-616	81	3	recommends	recommend	VERB
afbr-616	81	4	that	that	SCONJ
afbr-616	81	5	there	there	PRON
afbr-616	81	6	is	be	VERB
afbr-616	81	7	no	no	DET
afbr-616	81	8	potency	potency	NOUN
afbr-616	81	9	of	of	ADP
afbr-616	81	10	type	type	NOUN
afbr-616	81	11	i	i	PRON
afbr-616	81	12	and	and	CCONJ
afbr-616	81	13	type	type	NOUN
afbr-616	81	14	ii	ii	NOUN
afbr-616	81	15	errors	error	NOUN
afbr-616	81	16	.	.	PUNCT
afbr-616	82	1	r	r	X
afbr-616	82	2	-	-	PUNCT
afbr-616	82	3	square	square	ADJ
afbr-616	82	4	value	value	NOUN
afbr-616	82	5	is	be	AUX
afbr-616	82	6	0.83	0.83	NUM
afbr-616	82	7	prescribing	prescribe	VERB
afbr-616	82	8	that	that	DET
afbr-616	82	9	variation	variation	NOUN
afbr-616	82	10	in	in	ADP
afbr-616	82	11	the	the	DET
afbr-616	82	12	dependent	dependent	ADJ
afbr-616	82	13	variable	variable	NOUN
afbr-616	82	14	is	be	AUX
afbr-616	82	15	explained	explain	VERB
afbr-616	82	16	by	by	ADP
afbr-616	82	17	the	the	DET
afbr-616	82	18	independent	independent	ADJ
afbr-616	82	19	variable	variable	NOUN
afbr-616	82	20	with	with	ADP
afbr-616	82	21	a	a	DET
afbr-616	82	22	percentage	percentage	NOUN
afbr-616	82	23	value	value	NOUN
afbr-616	82	24	of	of	ADP
afbr-616	82	25	83	83	NUM
afbr-616	82	26	%	%	NOUN
afbr-616	82	27	and	and	CCONJ
afbr-616	82	28	the	the	DET
afbr-616	82	29	rest	rest	NOUN
afbr-616	82	30	17	17	NUM
afbr-616	82	31	%	%	NOUN
afbr-616	82	32	may	may	AUX
afbr-616	82	33	be	be	AUX
afbr-616	82	34	due	due	ADJ
afbr-616	82	35	to	to	ADP
afbr-616	82	36	the	the	DET
afbr-616	82	37	appearance	appearance	NOUN
afbr-616	82	38	of	of	ADP
afbr-616	82	39	other	other	ADJ
afbr-616	82	40	factors	factor	NOUN
afbr-616	82	41	having	have	VERB
afbr-616	82	42	indeterminate	indeterminate	ADJ
afbr-616	82	43	behavior	behavior	NOUN
afbr-616	82	44	and	and	CCONJ
afbr-616	82	45	approach	approach	NOUN
afbr-616	82	46	.	.	PUNCT
afbr-616	83	1	durbin	durbin	ADJ
afbr-616	83	2	-	-	PUNCT
afbr-616	83	3	watson(d	watson(d	NUM
afbr-616	83	4	-	-	PUNCT
afbr-616	83	5	w	w	NOUN
afbr-616	83	6	)	)	PUNCT
afbr-616	83	7	statistics	statistic	NOUN
afbr-616	83	8	deal	deal	VERB
afbr-616	83	9	with	with	ADP
afbr-616	83	10	the	the	DET
afbr-616	83	11	problem	problem	NOUN
afbr-616	83	12	of	of	ADP
afbr-616	83	13	autocorrelation	autocorrelation	NOUN
afbr-616	83	14	and	and	CCONJ
afbr-616	83	15	stationary	stationary	NOUN
afbr-616	83	16	alike	alike	ADV
afbr-616	83	17	.	.	PUNCT
afbr-616	84	1	d	d	X
afbr-616	84	2	-	-	PUNCT
afbr-616	84	3	w	w	NOUN
afbr-616	84	4	statistic	statistic	ADJ
afbr-616	84	5	value	value	NOUN
afbr-616	84	6	is	be	AUX
afbr-616	84	7	between	between	ADP
afbr-616	84	8	2	2	NUM
afbr-616	84	9	and	and	CCONJ
afbr-616	84	10	3	3	NUM
afbr-616	84	11	(	(	PUNCT
afbr-616	84	12	considered	consider	VERB
afbr-616	84	13	acceptable	acceptable	ADJ
afbr-616	84	14	under	under	ADP
afbr-616	84	15	the	the	DET
afbr-616	84	16	lenient	lenient	ADJ
afbr-616	84	17	approach	approach	NOUN
afbr-616	84	18	)	)	PUNCT
afbr-616	84	19	.	.	PUNCT
afbr-616	85	1	hence	hence	ADV
afbr-616	85	2	,	,	PUNCT
afbr-616	85	3	there	there	PRON
afbr-616	85	4	is	be	VERB
afbr-616	85	5	no	no	DET
afbr-616	85	6	problem	problem	NOUN
afbr-616	85	7	of	of	ADP
afbr-616	85	8	autocorrelation	autocorrelation	NOUN
afbr-616	85	9	and	and	CCONJ
afbr-616	85	10	adaptability	adaptability	NOUN
afbr-616	85	11	in	in	ADP
afbr-616	85	12	the	the	DET
afbr-616	85	13	model(table-4	model(table-4	NOUN
afbr-616	85	14	)	)	PUNCT
afbr-616	85	15	.	.	PUNCT
afbr-616	86	1	table-4	table-4	X
afbr-616	86	2	.	.	PUNCT
afbr-616	86	3	random	random	ADJ
afbr-616	86	4	effect	effect	NOUN
afbr-616	86	5	model	model	NOUN
afbr-616	86	6	variable	variable	ADJ
afbr-616	86	7	coefficient	coefficient	NOUN
afbr-616	86	8	std	std	PROPN
afbr-616	86	9	.	.	NOUN
afbr-616	86	10	error	error	NOUN
afbr-616	86	11	t	t	NOUN
afbr-616	86	12	-	-	PUNCT
afbr-616	86	13	statistic	statistic	NOUN
afbr-616	86	14	prob	prob	NOUN
afbr-616	86	15	.	.	PUNCT
afbr-616	87	1	c	c	PROPN
afbr-616	87	2	11.428	11.428	NUM
afbr-616	87	3	3.204	3.204	NUM
afbr-616	87	4	3.568	3.568	NUM
afbr-616	87	5	0.001	0.001	NUM
afbr-616	87	6	dpr	dpr	PROPN
afbr-616	87	7	2.327	2.327	NUM
afbr-616	87	8	2.639	2.639	NUM
afbr-616	87	9	0.865	0.865	NUM
afbr-616	87	10	0.392	0.392	NUM
afbr-616	87	11	copyright	copyright	NOUN
afbr-616	87	12	©	©	PROPN
afbr-616	87	13	cc	cc	NOUN
afbr-616	87	14	-	-	PUNCT
afbr-616	87	15	by	by	ADP
afbr-616	87	16	-	-	PUNCT
afbr-616	87	17	nc	nc	PROPN
afbr-616	87	18	2019	2019	NUM
afbr-616	87	19	,	,	PUNCT
afbr-616	87	20	cribfb	cribfb	PROPN
afbr-616	87	21	|	|	ADV
afbr-616	87	22	afbr	afbr	PROPN
afbr-616	87	23	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-616	87	24	australian	australian	ADJ
afbr-616	87	25	finance	finance	PROPN
afbr-616	87	26	&	&	CCONJ
afbr-616	87	27	banking	banking	PROPN
afbr-616	87	28	review	review	PROPN
afbr-616	87	29	vol	vol	NOUN
afbr-616	87	30	.	.	PROPN
afbr-616	88	1	4	4	NUM
afbr-616	88	2	,	,	PUNCT
afbr-616	88	3	no	no	INTJ
afbr-616	88	4	.	.	NOUN
afbr-616	88	5	1	1	NUM
afbr-616	88	6	;	;	PUNCT
afbr-616	88	7	2020	2020	NUM
afbr-616	88	8	41	41	NUM
afbr-616	88	9	per	per	ADP
afbr-616	88	10	0.225	0.225	NUM
afbr-616	88	11	0.139	0.139	NUM
afbr-616	88	12	1.278	1.278	NUM
afbr-616	88	13	0.208	0.208	NUM
afbr-616	88	14	eps	eps	X
afbr-616	88	15	0.084	0.084	NUM
afbr-616	88	16	0.029	0.029	NUM
afbr-616	88	17	3.328	3.328	NUM
afbr-616	88	18	0.002	0.002	NUM
afbr-616	88	19	table-4.1	table-4.1	ADP
afbr-616	88	20	.	.	PUNCT
afbr-616	89	1	effects	effect	NOUN
afbr-616	89	2	specification	specification	PROPN
afbr-616	89	3	s.d	s.d	PROPN
afbr-616	89	4	.	.	PROPN
afbr-616	89	5	rho	rho	PROPN
afbr-616	89	6	cross	cross	PROPN
afbr-616	89	7	section	section	NOUN
afbr-616	89	8	random	random	ADJ
afbr-616	89	9	4.753	4.753	NUM
afbr-616	89	10	0.659	0.659	NUM
afbr-616	89	11	idiosyncratic	idiosyncratic	ADJ
afbr-616	89	12	random	random	ADJ
afbr-616	89	13	3.416	3.416	NUM
afbr-616	89	14	0.341	0.341	NUM
afbr-616	89	15	table-4.2	table-4.2	NOUN
afbr-616	89	16	.	.	PUNCT
afbr-616	90	1	weighted	weight	VERB
afbr-616	90	2	statistics	statistic	NOUN
afbr-616	90	3	r	r	NOUN
afbr-616	90	4	-	-	PUNCT
afbr-616	90	5	squared	square	VERB
afbr-616	90	6	0.186	0.186	NUM
afbr-616	90	7	mean	mean	NOUN
afbr-616	90	8	dependent	dependent	ADJ
afbr-616	90	9	variable	variable	NOUN
afbr-616	90	10	5.956	5.956	NUM
afbr-616	90	11	adjusted	adjusted	ADJ
afbr-616	90	12	r	r	NOUN
afbr-616	90	13	-	-	PUNCT
afbr-616	90	14	squared	square	VERB
afbr-616	90	15	0.133	0.133	NUM
afbr-616	90	16	s.d	s.d	PROPN
afbr-616	90	17	.	.	PUNCT
afbr-616	91	1	dependent	dependent	ADJ
afbr-616	91	2	variable	variable	NOUN
afbr-616	91	3	3.785	3.785	NUM
afbr-616	91	4	s.e	s.e	PROPN
afbr-616	91	5	.	.	PROPN
afbr-616	91	6	of	of	ADP
afbr-616	91	7	regression	regression	NOUN
afbr-616	91	8	3.525	3.525	NUM
afbr-616	91	9	sum	sum	NOUN
afbr-616	91	10	squared	square	VERB
afbr-616	91	11	resid	resid	NOUN
afbr-616	91	12	.	.	PUNCT
afbr-616	92	1	571.450	571.450	NUM
afbr-616	92	2	f	f	X
afbr-616	92	3	-	-	PUNCT
afbr-616	92	4	statistic	statistic	NOUN
afbr-616	92	5	3.500	3.500	NUM
afbr-616	92	6	durban	durban	PROPN
afbr-616	92	7	watson	watson	PROPN
afbr-616	92	8	statistics	statistic	VERB
afbr-616	92	9	1.632	1.632	NUM
afbr-616	92	10	prob.(f	prob.(f	NOUN
afbr-616	92	11	-	-	PUNCT
afbr-616	92	12	statistic	statistic	NOUN
afbr-616	92	13	)	)	PUNCT
afbr-616	92	14	0.023	0.023	PROPN
afbr-616	92	15	table-4.3	table-4.3	VERB
afbr-616	92	16	.	.	PUNCT
afbr-616	93	1	unweighted	unweighted	ADJ
afbr-616	93	2	statistics	statistic	NOUN
afbr-616	93	3	rsquared	rsquare	VERB
afbr-616	93	4	0.287	0.287	NUM
afbr-616	93	5	mean	mean	VERB
afbr-616	93	6	dependent	dependent	ADJ
afbr-616	93	7	variable	variable	NOUN
afbr-616	93	8	19.465	19.465	NUM
afbr-616	93	9	sum	sum	NOUN
afbr-616	93	10	-	-	PUNCT
afbr-616	93	11	squared	square	VERB
afbr-616	93	12	resid	resid	NOUN
afbr-616	93	13	.	.	PUNCT
afbr-616	94	1	1871.364	1871.364	NUM
afbr-616	94	2	durban	durban	PROPN
afbr-616	94	3	watson	watson	PROPN
afbr-616	94	4	statistics	statistic	NOUN
afbr-616	94	5	0.564	0.564	NUM
afbr-616	94	6	8	8	NUM
afbr-616	94	7	.	.	PUNCT
afbr-616	94	8	results	result	NOUN
afbr-616	94	9	and	and	CCONJ
afbr-616	94	10	discussions	discussion	NOUN
afbr-616	94	11	:	:	PUNCT
afbr-616	94	12	model	model	NOUN
afbr-616	94	13	.	.	PUNCT
afbr-616	95	1	ii	ii	PROPN
afbr-616	95	2	(	(	PUNCT
afbr-616	95	3	roe	roe	PROPN
afbr-616	95	4	c	c	PROPN
afbr-616	95	5	dpr	dpr	PROPN
afbr-616	95	6	per	per	ADP
afbr-616	95	7	eps	eps	PROPN
afbr-616	95	8	)	)	PUNCT
afbr-616	95	9	8.1	8.1	NUM
afbr-616	95	10	interpretation	interpretation	NOUN
afbr-616	95	11	(	(	PUNCT
afbr-616	95	12	3):µ02	3):µ02	NUM
afbr-616	95	13	there	there	PRON
afbr-616	95	14	is	be	VERB
afbr-616	95	15	no	no	DET
afbr-616	95	16	significant	significant	ADJ
afbr-616	95	17	impact	impact	NOUN
afbr-616	95	18	of	of	ADP
afbr-616	95	19	per	per	ADP
afbr-616	95	20	,	,	PUNCT
afbr-616	95	21	per	per	X
afbr-616	95	22	and	and	CCONJ
afbr-616	95	23	eps	eps	PROPN
afbr-616	95	24	on	on	ADP
afbr-616	95	25	roa	roa	PROPN
afbr-616	95	26	across	across	ADP
afbr-616	95	27	the	the	DET
afbr-616	95	28	panel	panel	NOUN
afbr-616	95	29	.	.	PUNCT
afbr-616	96	1	prob	prob	PROPN
afbr-616	96	2	.	.	PUNCT
afbr-616	97	1	value	value	PROPN
afbr-616	97	2	of	of	ADP
afbr-616	97	3	hausman	hausman	ADJ
afbr-616	97	4	test	test	NOUN
afbr-616	97	5	(	(	PUNCT
afbr-616	97	6	0.488	0.488	NUM
afbr-616	97	7	)	)	PUNCT
afbr-616	97	8	is	be	AUX
afbr-616	97	9	greater	great	ADJ
afbr-616	97	10	than	than	ADP
afbr-616	97	11	0.05	0.05	NUM
afbr-616	97	12	.	.	PUNCT
afbr-616	98	1	thus	thus	ADV
afbr-616	98	2	,	,	PUNCT
afbr-616	98	3	null	null	ADJ
afbr-616	98	4	hypothesis	hypothesis	NOUN
afbr-616	98	5	is	be	AUX
afbr-616	98	6	accepted	accept	VERB
afbr-616	98	7	indicating	indicate	VERB
afbr-616	98	8	significant	significant	ADJ
afbr-616	98	9	result	result	NOUN
afbr-616	98	10	.	.	PUNCT
afbr-616	99	1	it	it	PRON
afbr-616	99	2	can	can	AUX
afbr-616	99	3	be	be	AUX
afbr-616	99	4	inferred	infer	VERB
afbr-616	99	5	that	that	SCONJ
afbr-616	99	6	fixed	fix	VERB
afbr-616	99	7	effect	effect	NOUN
afbr-616	99	8	regression	regression	NOUN
afbr-616	99	9	model	model	NOUN
afbr-616	99	10	is	be	AUX
afbr-616	99	11	inappropriate	inappropriate	ADJ
afbr-616	99	12	and	and	CCONJ
afbr-616	99	13	random	random	ADJ
afbr-616	99	14	effect	effect	NOUN
afbr-616	99	15	model	model	NOUN
afbr-616	99	16	is	be	AUX
afbr-616	99	17	appropriate	appropriate	ADJ
afbr-616	99	18	to	to	ADP
afbr-616	99	19	use(table-5	use(table-5	NOUN
afbr-616	99	20	)	)	PUNCT
afbr-616	99	21	.	.	PUNCT
afbr-616	100	1	table-5	table-5	PROPN
afbr-616	100	2	.	.	PUNCT
afbr-616	100	3	correlated	correlate	VERB
afbr-616	100	4	random	random	ADJ
afbr-616	100	5	effects(hausmantest	effects(hausmant	ADJ
afbr-616	100	6	)	)	PUNCT
afbr-616	100	7	test	test	NOUN
afbr-616	100	8	summary	summary	NOUN
afbr-616	100	9	chi	chi	ADJ
afbr-616	100	10	-	-	PUNCT
afbr-616	100	11	sq	sq	ADJ
afbr-616	100	12	statistic	statistic	PROPN
afbr-616	100	13	chi	chi	ADJ
afbr-616	100	14	-	-	PUNCT
afbr-616	100	15	sq	sq	PROPN
afbr-616	100	16	d.f	d.f	PROPN
afbr-616	100	17	.	.	PROPN
afbr-616	100	18	prob	prob	PROPN
afbr-616	100	19	.	.	PUNCT
afbr-616	101	1	crosssection	crosssection	PROPN
afbr-616	101	2	random	random	ADJ
afbr-616	101	3	2.432	2.432	NUM
afbr-616	101	4	3	3	NUM
afbr-616	101	5	0.488	0.488	NUM
afbr-616	101	6	table-5.1	table-5.1	PROPN
afbr-616	101	7	.	.	PUNCT
afbr-616	102	1	cross	cross	ADJ
afbr-616	102	2	-	-	ADJ
afbr-616	102	3	section	section	ADJ
afbr-616	102	4	random	random	ADJ
afbr-616	102	5	effects	effect	NOUN
afbr-616	102	6	test	test	VERB
afbr-616	102	7	comparison	comparison	NOUN
afbr-616	102	8	variable	variable	ADJ
afbr-616	102	9	fixed	fix	VERB
afbr-616	102	10	random	random	ADJ
afbr-616	102	11	variable	variable	NOUN
afbr-616	102	12	(	(	PUNCT
afbr-616	102	13	diff	diff	PROPN
afbr-616	102	14	)	)	PUNCT
afbr-616	102	15	prob	prob	NOUN
afbr-616	102	16	.	.	PUNCT
afbr-616	103	1	dpr	dpr	PROPN
afbr-616	103	2	1.817	1.817	NUM
afbr-616	103	3	2.161	2.161	NUM
afbr-616	103	4	0.992	0.992	NUM
afbr-616	103	5	0.730	0.730	NUM
afbr-616	103	6	per	per	ADP
afbr-616	103	7	0.087	0.087	NUM
afbr-616	103	8	0.068	0.068	NUM
afbr-616	103	9	0.026	0.026	NUM
afbr-616	103	10	0.905	0.905	NUM
afbr-616	103	11	eps	eps	PROPN
afbr-616	103	12	0.078	0.078	NUM
afbr-616	103	13	0.098	0.098	NUM
afbr-616	103	14	0.001	0.001	NUM
afbr-616	103	15	0.515	0.515	NUM
afbr-616	103	16	table-5.2	table-5.2	NUM
afbr-616	103	17	.	.	PUNCT
afbr-616	104	1	cross	cross	ADJ
afbr-616	104	2	-	-	ADJ
afbr-616	104	3	section	section	ADJ
afbr-616	104	4	random	random	ADJ
afbr-616	104	5	effects	effect	NOUN
afbr-616	104	6	test	test	NOUN
afbr-616	104	7	equation	equation	NOUN
afbr-616	104	8	variable	variable	ADJ
afbr-616	104	9	coefficient	coefficient	NOUN
afbr-616	104	10	std	std	PROPN
afbr-616	104	11	.	.	NOUN
afbr-616	104	12	error	error	NOUN
afbr-616	104	13	t	t	NOUN
afbr-616	104	14	-	-	PUNCT
afbr-616	104	15	statistic	statistic	NOUN
afbr-616	104	16	prob	prob	NOUN
afbr-616	104	17	.	.	PUNCT
afbr-616	105	1	c	c	PROPN
afbr-616	105	2	22.665	22.665	NUM
afbr-616	105	3	6.550	6.550	NUM
afbr-616	105	4	3.461	3.461	NUM
afbr-616	105	5	0.002	0.002	NUM
afbr-616	105	6	dpr	dpr	PROPN
afbr-616	105	7	1.817	1.817	NUM
afbr-616	105	8	5.033	5.033	NUM
afbr-616	105	9	0.361	0.361	NUM
afbr-616	105	10	0.721	0.721	NUM
afbr-616	105	11	copyright	copyright	NOUN
afbr-616	105	12	©	©	PROPN
afbr-616	105	13	cc	cc	PROPN
afbr-616	105	14	-	-	PUNCT
afbr-616	105	15	by	by	ADP
afbr-616	105	16	-	-	PUNCT
afbr-616	105	17	nc	nc	PROPN
afbr-616	105	18	2019	2019	NUM
afbr-616	105	19	,	,	PUNCT
afbr-616	105	20	cribfb	cribfb	PROPN
afbr-616	105	21	|	|	ADV
afbr-616	105	22	afbr	afbr	PROPN
afbr-616	105	23	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-616	105	24	australian	australian	ADJ
afbr-616	105	25	finance	finance	PROPN
afbr-616	105	26	&	&	CCONJ
afbr-616	105	27	banking	banking	PROPN
afbr-616	105	28	review	review	PROPN
afbr-616	105	29	vol	vol	NOUN
afbr-616	105	30	.	.	PROPN
afbr-616	106	1	4	4	NUM
afbr-616	106	2	,	,	PUNCT
afbr-616	106	3	no	no	INTJ
afbr-616	106	4	.	.	NOUN
afbr-616	106	5	1	1	NUM
afbr-616	106	6	;	;	PUNCT
afbr-616	106	7	2020	2020	NUM
afbr-616	106	8	42	42	NUM
afbr-616	106	9	per	per	ADP
afbr-616	106	10	0.087	0.087	NUM
afbr-616	106	11	0.313	0.313	NUM
afbr-616	106	12	0.275	0.275	NUM
afbr-616	106	13	0.785	0.785	NUM
afbr-616	106	14	eps	eps	PROPN
afbr-616	106	15	0.078	0.078	NUM
afbr-616	106	16	0.064	0.064	NUM
afbr-616	106	17	1.224	1.224	NUM
afbr-616	106	18	0.30	0.30	NUM
afbr-616	106	19	table-5.3	table-5.3	NOUN
afbr-616	106	20	.	.	PUNCT
afbr-616	107	1	effects	effect	NOUN
afbr-616	107	2	specification	specification	NOUN
afbr-616	107	3	cross	cross	ADJ
afbr-616	107	4	-	-	ADJ
afbr-616	107	5	section	section	NOUN
afbr-616	107	6	fixed	fix	VERB
afbr-616	107	7	(	(	PUNCT
afbr-616	107	8	dummy	dummy	ADJ
afbr-616	107	9	variable	variable	NOUN
afbr-616	107	10	)	)	PUNCT
afbr-616	107	11	r	r	X
afbr-616	107	12	-	-	PUNCT
afbr-616	107	13	squared	square	VERB
afbr-616	107	14	0.801	0.801	NUM
afbr-616	107	15	mean	mean	NOUN
afbr-616	107	16	dependent	dependent	ADJ
afbr-616	107	17	variable	variable	NOUN
afbr-616	107	18	28.456	28.456	NUM
afbr-616	107	19	adjusted	adjusted	ADJ
afbr-616	107	20	r	r	NOUN
afbr-616	107	21	-	-	PUNCT
afbr-616	107	22	squared	square	VERB
afbr-616	107	23	0.735	0.735	NUM
afbr-616	107	24	s.d	s.d	PROPN
afbr-616	107	25	.	.	PUNCT
afbr-616	108	1	dependent	dependent	ADJ
afbr-616	108	2	variable	variable	ADJ
afbr-616	108	3	12.351	12.351	NUM
afbr-616	108	4	s.e	s.e	PROPN
afbr-616	108	5	.	.	PROPN
afbr-616	108	6	of	of	ADP
afbr-616	108	7	regression	regression	NOUN
afbr-616	108	8	6.343	6.343	NUM
afbr-616	108	9	akaike	akaike	ADJ
afbr-616	108	10	info	info	NOUN
afbr-616	108	11	criterion	criterion	NOUN
afbr-616	108	12	6.752	6.752	NUM
afbr-616	108	13	sum	sum	NOUN
afbr-616	108	14	-	-	PUNCT
afbr-616	108	15	squared	square	VERB
afbr-616	108	16	resid	resid	NOUN
afbr-616	108	17	1490.338	1490.338	NUM
afbr-616	108	18	schwarz	schwarz	NOUN
afbr-616	108	19	criterion	criterion	NOUN
afbr-616	108	20	7.24	7.24	NUM
afbr-616	108	21	91	91	NUM
afbr-616	108	22	log	log	NOUN
afbr-616	108	23	likelihood	likelihood	NOUN
afbr-616	108	24	-156.797	-156.797	DET
afbr-616	108	25	humann	humann	NOUN
afbr-616	108	26	-	-	PUNCT
afbr-616	108	27	quinn	quinn	NOUN
afbr-616	108	28	criterion	criterion	NOUN
afbr-616	108	29	6.940	6.940	NUM
afbr-616	108	30	f	f	X
afbr-616	108	31	-	-	PUNCT
afbr-616	108	32	statistic	statistic	ADJ
afbr-616	108	33	12.40	12.40	NUM
afbr-616	108	34	durbin	durbin	ADJ
afbr-616	108	35	-	-	PUNCT
afbr-616	108	36	watson	watson	NOUN
afbr-616	108	37	statistic	statistic	PROPN
afbr-616	108	38	2.45	2.45	NUM
afbr-616	108	39	prob	prob	NOUN
afbr-616	108	40	.	.	PUNCT
afbr-616	109	1	(	(	PUNCT
afbr-616	109	2	f	f	X
afbr-616	109	3	-	-	PUNCT
afbr-616	109	4	statistic	statistic	NOUN
afbr-616	109	5	)	)	PUNCT
afbr-616	109	6	0.000	0.000	NUM
afbr-616	109	7	requisite	requisite	ADJ
afbr-616	109	8	conditions	condition	NOUN
afbr-616	109	9	support	support	VERB
afbr-616	109	10	the	the	DET
afbr-616	109	11	use	use	NOUN
afbr-616	109	12	of	of	ADP
afbr-616	109	13	random	random	ADJ
afbr-616	109	14	effect	effect	NOUN
afbr-616	109	15	model	model	NOUN
afbr-616	109	16	and	and	CCONJ
afbr-616	109	17	its	its	PRON
afbr-616	109	18	result	result	NOUN
afbr-616	109	19	.	.	PUNCT
afbr-616	110	1	probability	probability	NOUN
afbr-616	110	2	value	value	NOUN
afbr-616	110	3	of	of	ADP
afbr-616	110	4	the	the	DET
afbr-616	110	5	model	model	NOUN
afbr-616	110	6	being	be	AUX
afbr-616	110	7	less	less	ADJ
afbr-616	110	8	than	than	ADP
afbr-616	110	9	0.05	0.05	NUM
afbr-616	110	10	(	(	PUNCT
afbr-616	110	11	0.0000	0.0000	NUM
afbr-616	110	12	)	)	PUNCT
afbr-616	110	13	suggests	suggest	VERB
afbr-616	110	14	that	that	SCONJ
afbr-616	110	15	the	the	DET
afbr-616	110	16	inference	inference	NOUN
afbr-616	110	17	drawn	draw	VERB
afbr-616	110	18	from	from	ADP
afbr-616	110	19	the	the	DET
afbr-616	110	20	model	model	NOUN
afbr-616	110	21	is	be	AUX
afbr-616	110	22	correct	correct	ADJ
afbr-616	110	23	and	and	CCONJ
afbr-616	110	24	the	the	DET
afbr-616	110	25	result	result	NOUN
afbr-616	110	26	is	be	AUX
afbr-616	110	27	justified	justify	VERB
afbr-616	110	28	.	.	PUNCT
afbr-616	111	1	it	it	PRON
afbr-616	111	2	indicates	indicate	VERB
afbr-616	111	3	also	also	ADV
afbr-616	111	4	chances	chance	NOUN
afbr-616	111	5	of	of	ADP
afbr-616	111	6	type	type	NOUN
afbr-616	111	7	i	i	PRON
afbr-616	111	8	and	and	CCONJ
afbr-616	111	9	type	type	NOUN
afbr-616	111	10	ii	ii	NOUN
afbr-616	111	11	errors	error	NOUN
afbr-616	111	12	.	.	PUNCT
afbr-616	112	1	r	r	X
afbr-616	112	2	-	-	PUNCT
afbr-616	112	3	square	square	ADJ
afbr-616	112	4	value	value	NOUN
afbr-616	112	5	is	be	AUX
afbr-616	112	6	0.80	0.80	NUM
afbr-616	112	7	prescribing	prescribing	NOUN
afbr-616	112	8	that	that	DET
afbr-616	112	9	variation	variation	NOUN
afbr-616	112	10	in	in	ADP
afbr-616	112	11	the	the	DET
afbr-616	112	12	dependent	dependent	ADJ
afbr-616	112	13	variable	variable	NOUN
afbr-616	112	14	is	be	AUX
afbr-616	112	15	demonstrated	demonstrate	VERB
afbr-616	112	16	by	by	ADP
afbr-616	112	17	the	the	DET
afbr-616	112	18	independent	independent	ADJ
afbr-616	112	19	variable	variable	NOUN
afbr-616	112	20	with	with	ADP
afbr-616	112	21	a	a	DET
afbr-616	112	22	percentage	percentage	NOUN
afbr-616	112	23	value	value	NOUN
afbr-616	112	24	of	of	ADP
afbr-616	112	25	80	80	NUM
afbr-616	112	26	%	%	NOUN
afbr-616	112	27	and	and	CCONJ
afbr-616	112	28	the	the	DET
afbr-616	112	29	rest	rest	NOUN
afbr-616	112	30	20	20	NUM
afbr-616	112	31	%	%	NOUN
afbr-616	112	32	may	may	AUX
afbr-616	112	33	be	be	AUX
afbr-616	112	34	due	due	ADJ
afbr-616	112	35	to	to	ADP
afbr-616	112	36	presence	presence	NOUN
afbr-616	112	37	of	of	ADP
afbr-616	112	38	other	other	ADJ
afbr-616	112	39	factors	factor	NOUN
afbr-616	112	40	having	have	VERB
afbr-616	112	41	uncertain	uncertain	ADJ
afbr-616	112	42	behavior	behavior	NOUN
afbr-616	112	43	and	and	CCONJ
afbr-616	112	44	movement	movement	NOUN
afbr-616	112	45	.	.	PUNCT
afbr-616	113	1	d	d	X
afbr-616	113	2	-	-	PUNCT
afbr-616	113	3	w.	w.	PROPN
afbr-616	113	4	statistics	statistic	NOUN
afbr-616	113	5	deal	deal	VERB
afbr-616	113	6	with	with	ADP
afbr-616	113	7	the	the	DET
afbr-616	113	8	problem	problem	NOUN
afbr-616	113	9	of	of	ADP
afbr-616	113	10	auto	auto	NOUN
afbr-616	113	11	correlation	correlation	NOUN
afbr-616	113	12	and	and	CCONJ
afbr-616	113	13	adaptability	adaptability	NOUN
afbr-616	113	14	alike	alike	ADV
afbr-616	113	15	.	.	PUNCT
afbr-616	114	1	d	d	X
afbr-616	114	2	-	-	PUNCT
afbr-616	114	3	w.	w.	PROPN
afbr-616	114	4	statistics	statistics	PROPN
afbr-616	114	5	value	value	NOUN
afbr-616	114	6	varies	vary	VERB
afbr-616	114	7	between	between	ADP
afbr-616	114	8	2	2	NUM
afbr-616	114	9	and	and	CCONJ
afbr-616	114	10	3	3	NUM
afbr-616	114	11	(	(	PUNCT
afbr-616	114	12	considered	consider	VERB
afbr-616	114	13	acceptable	acceptable	ADJ
afbr-616	114	14	under	under	ADP
afbr-616	114	15	the	the	DET
afbr-616	114	16	lenient	lenient	ADJ
afbr-616	114	17	approach	approach	NOUN
afbr-616	114	18	)	)	PUNCT
afbr-616	114	19	signifying	signify	VERB
afbr-616	114	20	no	no	DET
afbr-616	114	21	problem	problem	NOUN
afbr-616	114	22	of	of	ADP
afbr-616	114	23	auto	auto	NOUN
afbr-616	114	24	correction	correction	NOUN
afbr-616	114	25	and	and	CCONJ
afbr-616	114	26	adaptability	adaptability	NOUN
afbr-616	114	27	in	in	ADP
afbr-616	114	28	the	the	DET
afbr-616	114	29	model	model	NOUN
afbr-616	114	30	(	(	PUNCT
afbr-616	114	31	table-6	table-6	PROPN
afbr-616	114	32	)	)	PUNCT
afbr-616	114	33	.	.	PUNCT
afbr-616	115	1	table-6	table-6	PROPN
afbr-616	115	2	.	.	NOUN
afbr-616	115	3	random	random	ADJ
afbr-616	115	4	effect	effect	NOUN
afbr-616	115	5	model	model	NOUN
afbr-616	115	6	variable	variable	ADJ
afbr-616	115	7	coefficient	coefficient	NOUN
afbr-616	115	8	std	std	PROPN
afbr-616	115	9	.	.	NOUN
afbr-616	115	10	error	error	NOUN
afbr-616	115	11	t	t	NOUN
afbr-616	115	12	-	-	PUNCT
afbr-616	115	13	statistic	statistic	NOUN
afbr-616	115	14	prob	prob	NOUN
afbr-616	115	15	.	.	PUNCT
afbr-616	116	1	c	c	PROPN
afbr-616	116	2	21.730	21.730	NUM
afbr-616	116	3	6.442	6.442	NUM
afbr-616	116	4	3.371	3.371	NUM
afbr-616	116	5	0.002	0.002	NUM
afbr-616	116	6	dpr	dpr	PROPN
afbr-616	116	7	2.161	2.161	NUM
afbr-616	116	8	4.935	4.935	NUM
afbr-616	116	9	0.435	0.435	NUM
afbr-616	116	10	0.664	0.664	NUM
afbr-616	116	11	per	per	ADP
afbr-616	116	12	0.065	0.065	NUM
afbr-616	116	13	0.271	0.271	NUM
afbr-616	116	14	0.245	0.245	NUM
afbr-616	116	15	0.805	0.805	NUM
afbr-616	116	16	eps	eps	PROPN
afbr-616	116	17	0.095	0.095	NUM
afbr-616	116	18	0.055	0.055	NUM
afbr-616	116	19	1.740	1.740	NUM
afbr-616	116	20	0.089	0.089	NUM
afbr-616	116	21	table-6.1	table-6.1	NOUN
afbr-616	116	22	.	.	PUNCT
afbr-616	117	1	effects	effect	NOUN
afbr-616	117	2	specification	specification	PROPN
afbr-616	117	3	s.d	s.d	PROPN
afbr-616	117	4	.	.	PROPN
afbr-616	117	5	rho	rho	PROPN
afbr-616	117	6	.	.	PUNCT
afbr-616	118	1	cross	cross	ADJ
afbr-616	118	2	-	-	ADJ
afbr-616	118	3	section	section	ADJ
afbr-616	118	4	random	random	ADJ
afbr-616	118	5	10.495	10.495	NUM
afbr-616	118	6	0.733	0.733	NUM
afbr-616	118	7	idiosyncratic	idiosyncratic	ADJ
afbr-616	118	8	random	random	ADJ
afbr-616	118	9	6.345	6.345	NUM
afbr-616	118	10	0.268	0.268	NUM
afbr-616	118	11	table-6.2	table-6.2	NOUN
afbr-616	118	12	.	.	PUNCT
afbr-616	119	1	weighted	weight	VERB
afbr-616	119	2	statistics	statistic	NOUN
afbr-616	119	3	r	r	NOUN
afbr-616	119	4	-	-	PUNCT
afbr-616	119	5	squared	square	VERB
afbr-616	119	6	0.065	0.065	NUM
afbr-616	119	7	mean	mean	NOUN
afbr-616	119	8	dependent	dependent	ADJ
afbr-616	119	9	variable	variable	ADJ
afbr-616	119	10	7.425	7.425	NUM
afbr-616	119	11	adjusted	adjust	VERB
afbr-616	119	12	r	r	NOUN
afbr-616	119	13	-	-	PUNCT
afbr-616	119	14	squared	square	VERB
afbr-616	119	15	0.004	0.004	NUM
afbr-616	119	16	s.d	s.d	PROPN
afbr-616	119	17	.	.	PUNCT
afbr-616	120	1	dependent	dependent	ADJ
afbr-616	120	2	variable	variable	NOUN
afbr-616	120	3	6.322	6.322	NUM
afbr-616	120	4	s.e	s.e	PROPN
afbr-616	120	5	.	.	PROPN
afbr-616	120	6	of	of	ADP
afbr-616	120	7	regression	regression	NOUN
afbr-616	120	8	6.304	6.304	NUM
afbr-616	120	9	sum	sum	NOUN
afbr-616	120	10	-	-	PUNCT
afbr-616	120	11	squared	square	VERB
afbr-616	120	12	resid	resid	NOUN
afbr-616	120	13	.	.	PUNCT
afbr-616	121	1	1828.720	1828.720	NUM
afbr-616	121	2	f	f	X
afbr-616	121	3	-	-	PUNCT
afbr-616	121	4	statistic	statistic	ADJ
afbr-616	121	5	1.084	1.084	NUM
afbr-616	121	6	durbin	durbin	ADJ
afbr-616	121	7	-	-	PUNCT
afbr-616	121	8	watson	watson	NOUN
afbr-616	121	9	statistic	statistic	NOUN
afbr-616	121	10	1.915	1.915	NUM
afbr-616	121	11	prob.(f	prob.(f	ADJ
afbr-616	121	12	-	-	PUNCT
afbr-616	121	13	statistic	statistic	NOUN
afbr-616	121	14	)	)	PUNCT
afbr-616	121	15	0.000	0.000	NUM
afbr-616	121	16	copyright	copyright	NOUN
afbr-616	122	1	©	©	PROPN
afbr-616	122	2	cc	cc	PROPN
afbr-616	122	3	-	-	PUNCT
afbr-616	122	4	by	by	ADP
afbr-616	122	5	-	-	PUNCT
afbr-616	122	6	nc	nc	PROPN
afbr-616	122	7	2019	2019	NUM
afbr-616	122	8	,	,	PUNCT
afbr-616	122	9	cribfb	cribfb	PROPN
afbr-616	122	10	|	|	ADV
afbr-616	122	11	afbr	afbr	PROPN
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afbr-616	122	13	australian	australian	ADJ
afbr-616	122	14	finance	finance	PROPN
afbr-616	122	15	&	&	CCONJ
afbr-616	122	16	banking	banking	PROPN
afbr-616	122	17	review	review	PROPN
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afbr-616	122	19	.	.	PROPN
afbr-616	123	1	4	4	NUM
afbr-616	123	2	,	,	PUNCT
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afbr-616	123	5	1	1	NUM
afbr-616	123	6	;	;	PUNCT
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afbr-616	124	1	unweighted	unweighte	VERB
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afbr-616	124	3	r	r	NOUN
afbr-616	124	4	-	-	PUNCT
afbr-616	124	5	squared	square	VERB
afbr-616	124	6	0.144	0.144	NUM
afbr-616	124	7	mean	mean	NOUN
afbr-616	124	8	dependent	dependent	ADJ
afbr-616	124	9	variable	variable	ADJ
afbr-616	124	10	28.453	28.453	NUM
afbr-616	124	11	sum	sum	NOUN
afbr-616	124	12	-	-	PUNCT
afbr-616	124	13	squared	square	VERB
afbr-616	124	14	resid	resid	NOUN
afbr-616	124	15	.	.	PUNCT
afbr-616	125	1	6386.842	6386.842	NUM
afbr-616	125	2	durbin	durbin	ADJ
afbr-616	125	3	-	-	PUNCT
afbr-616	125	4	watson	watson	NOUN
afbr-616	125	5	statistic	statistic	NOUN
afbr-616	125	6	0.614	0.614	NUM
afbr-616	125	7	9	9	NUM
afbr-616	125	8	.	.	PUNCT
afbr-616	126	1	conclusion	conclusion	VERB
afbr-616	126	2	different	different	ADJ
afbr-616	126	3	dividend	dividend	NOUN
afbr-616	126	4	ratios	ratio	NOUN
afbr-616	126	5	selected	select	VERB
afbr-616	126	6	for	for	ADP
afbr-616	126	7	the	the	DET
afbr-616	126	8	study	study	NOUN
afbr-616	126	9	depicts	depict	VERB
afbr-616	126	10	that	that	SCONJ
afbr-616	126	11	sample	sample	NOUN
afbr-616	126	12	companies	company	NOUN
afbr-616	126	13	do	do	AUX
afbr-616	126	14	not	not	PART
afbr-616	126	15	have	have	VERB
afbr-616	126	16	any	any	DET
afbr-616	126	17	consistent	consistent	ADJ
afbr-616	126	18	pattern	pattern	NOUN
afbr-616	126	19	of	of	ADP
afbr-616	126	20	dividend	dividend	NOUN
afbr-616	126	21	payment	payment	NOUN
afbr-616	126	22	and	and	CCONJ
afbr-616	126	23	trend	trend	NOUN
afbr-616	126	24	is	be	AUX
afbr-616	126	25	skewed	skew	VERB
afbr-616	126	26	in	in	ADP
afbr-616	126	27	character	character	NOUN
afbr-616	126	28	.	.	PUNCT
afbr-616	127	1	correlation	correlation	NOUN
afbr-616	127	2	matrix	matrix	NOUN
afbr-616	127	3	also	also	ADV
afbr-616	127	4	exhibits	exhibit	VERB
afbr-616	127	5	a	a	DET
afbr-616	127	6	very	very	ADV
afbr-616	127	7	low	low	ADJ
afbr-616	127	8	positive	positive	ADJ
afbr-616	127	9	association	association	NOUN
afbr-616	127	10	between	between	ADP
afbr-616	127	11	per	per	ADP
afbr-616	127	12	and	and	CCONJ
afbr-616	127	13	dpr	dpr	VERB
afbr-616	127	14	at	at	ADP
afbr-616	127	15	5	5	NUM
afbr-616	127	16	%	%	NOUN
afbr-616	127	17	level	level	NOUN
afbr-616	127	18	of	of	ADP
afbr-616	127	19	significance	significance	NOUN
afbr-616	127	20	.	.	PUNCT
afbr-616	128	1	similarly	similarly	ADV
afbr-616	128	2	,	,	PUNCT
afbr-616	128	3	association	association	NOUN
afbr-616	128	4	between	between	ADP
afbr-616	128	5	roa	roa	PROPN
afbr-616	128	6	-	-	PUNCT
afbr-616	128	7	eps	eps	PROPN
afbr-616	128	8	and	and	CCONJ
afbr-616	128	9	roe	roe	PROPN
afbr-616	128	10	-	-	PUNCT
afbr-616	128	11	eps	eps	PROPN
afbr-616	128	12	is	be	AUX
afbr-616	128	13	low	low	ADJ
afbr-616	128	14	positive	positive	ADJ
afbr-616	128	15	and	and	CCONJ
afbr-616	128	16	significant	significant	ADJ
afbr-616	128	17	at	at	ADP
afbr-616	128	18	1	1	NUM
afbr-616	128	19	%	%	NOUN
afbr-616	128	20	.	.	PUNCT
afbr-616	129	1	however	however	ADV
afbr-616	129	2	,	,	PUNCT
afbr-616	129	3	there	there	PRON
afbr-616	129	4	is	be	VERB
afbr-616	129	5	strong	strong	ADJ
afbr-616	129	6	positive	positive	ADJ
afbr-616	129	7	association	association	NOUN
afbr-616	129	8	between	between	ADP
afbr-616	129	9	roe	roe	PROPN
afbr-616	129	10	-	-	PUNCT
afbr-616	129	11	roa	roa	NOUN
afbr-616	129	12	at	at	ADP
afbr-616	129	13	1	1	NUM
afbr-616	129	14	%	%	NOUN
afbr-616	129	15	level	level	NOUN
afbr-616	129	16	of	of	ADP
afbr-616	129	17	significance	significance	NOUN
afbr-616	129	18	.	.	PUNCT
afbr-616	130	1	results	result	NOUN
afbr-616	130	2	of	of	ADP
afbr-616	130	3	both	both	CCONJ
afbr-616	130	4	the	the	DET
afbr-616	130	5	two	two	NUM
afbr-616	130	6	regression	regression	NOUN
afbr-616	130	7	models	model	NOUN
afbr-616	130	8	exercised	exercise	VERB
afbr-616	130	9	in	in	ADP
afbr-616	130	10	this	this	DET
afbr-616	130	11	study	study	NOUN
afbr-616	130	12	are	be	AUX
afbr-616	130	13	expressive	expressive	ADJ
afbr-616	130	14	thereby	thereby	ADV
afbr-616	130	15	demonstrating	demonstrate	VERB
afbr-616	130	16	suitability	suitability	NOUN
afbr-616	130	17	of	of	ADP
afbr-616	130	18	the	the	DET
afbr-616	130	19	random	random	ADJ
afbr-616	130	20	effect	effect	NOUN
afbr-616	130	21	regression	regression	NOUN
afbr-616	130	22	model	model	NOUN
afbr-616	130	23	.	.	PUNCT
afbr-616	131	1	it	it	PRON
afbr-616	131	2	can	can	AUX
afbr-616	131	3	be	be	AUX
afbr-616	131	4	deduced	deduce	VERB
afbr-616	131	5	that	that	SCONJ
afbr-616	131	6	performance	performance	NOUN
afbr-616	131	7	of	of	ADP
afbr-616	131	8	the	the	DET
afbr-616	131	9	selected	select	VERB
afbr-616	131	10	companies	company	NOUN
afbr-616	131	11	has	have	VERB
afbr-616	131	12	considerable	considerable	ADJ
afbr-616	131	13	impact	impact	NOUN
afbr-616	131	14	on	on	ADP
afbr-616	131	15	dividend	dividend	NOUN
afbr-616	131	16	policy	policy	NOUN
afbr-616	131	17	.	.	PUNCT
afbr-616	132	1	10	10	NUM
afbr-616	132	2	.	.	X
afbr-616	133	1	implication	implication	NOUN
afbr-616	133	2	of	of	ADP
afbr-616	133	3	the	the	DET
afbr-616	133	4	study	study	NOUN
afbr-616	133	5	dividend	dividend	NOUN
afbr-616	133	6	policy	policy	NOUN
afbr-616	133	7	and	and	CCONJ
afbr-616	133	8	its	its	PRON
afbr-616	133	9	benchmark	benchmark	NOUN
afbr-616	133	10	of	of	ADP
afbr-616	133	11	disbursement	disbursement	NOUN
afbr-616	133	12	is	be	AUX
afbr-616	133	13	a	a	DET
afbr-616	133	14	key	key	ADJ
afbr-616	133	15	concern	concern	NOUN
afbr-616	133	16	in	in	ADP
afbr-616	133	17	finance	finance	NOUN
afbr-616	133	18	.	.	PUNCT
afbr-616	134	1	the	the	DET
afbr-616	134	2	study	study	NOUN
afbr-616	134	3	is	be	AUX
afbr-616	134	4	rejuvenating	rejuvenate	VERB
afbr-616	134	5	for	for	ADP
afbr-616	134	6	managers	manager	NOUN
afbr-616	134	7	fascinated	fascinate	VERB
afbr-616	134	8	in	in	ADP
afbr-616	134	9	profit	profit	NOUN
afbr-616	134	10	planning	planning	NOUN
afbr-616	134	11	and	and	CCONJ
afbr-616	134	12	investment	investment	NOUN
afbr-616	134	13	and	and	CCONJ
afbr-616	134	14	will	will	AUX
afbr-616	134	15	also	also	ADV
afbr-616	134	16	accommodate	accommodate	VERB
afbr-616	134	17	the	the	DET
afbr-616	134	18	researchers	researcher	NOUN
afbr-616	134	19	to	to	PART
afbr-616	134	20	build	build	VERB
afbr-616	134	21	more	more	ADJ
afbr-616	134	22	perception	perception	NOUN
afbr-616	134	23	on	on	ADP
afbr-616	134	24	dividend	dividend	NOUN
afbr-616	134	25	policy	policy	NOUN
afbr-616	134	26	which	which	PRON
afbr-616	134	27	is	be	AUX
afbr-616	134	28	still	still	ADV
afbr-616	134	29	an	an	DET
afbr-616	134	30	intricate	intricate	ADJ
afbr-616	134	31	subject	subject	NOUN
afbr-616	134	32	in	in	ADP
afbr-616	134	33	corporate	corporate	ADJ
afbr-616	134	34	finance	finance	NOUN
afbr-616	134	35	.	.	PUNCT
afbr-616	135	1	however	however	ADV
afbr-616	135	2	,	,	PUNCT
afbr-616	135	3	this	this	DET
afbr-616	135	4	study	study	NOUN
afbr-616	135	5	is	be	AUX
afbr-616	135	6	a	a	DET
afbr-616	135	7	venture	venture	NOUN
afbr-616	135	8	to	to	PART
afbr-616	135	9	build	build	VERB
afbr-616	135	10	germane	germane	ADJ
afbr-616	135	11	dividend	dividend	NOUN
afbr-616	135	12	policy	policy	NOUN
afbr-616	135	13	model	model	NOUN
afbr-616	135	14	in	in	ADP
afbr-616	135	15	future	future	NOUN
afbr-616	135	16	.	.	PUNCT
afbr-616	136	1	11	11	NUM
afbr-616	136	2	.	.	PUNCT
afbr-616	136	3	research	research	NOUN
afbr-616	136	4	comment	comment	NOUN
afbr-616	136	5	despite	despite	SCONJ
afbr-616	136	6	pros	pro	NOUN
afbr-616	136	7	and	and	CCONJ
afbr-616	136	8	cons	con	NOUN
afbr-616	136	9	to	to	PART
afbr-616	136	10	dividend	dividend	VERB
afbr-616	136	11	policy	policy	NOUN
afbr-616	136	12	,	,	PUNCT
afbr-616	136	13	the	the	DET
afbr-616	136	14	analysis	analysis	NOUN
afbr-616	136	15	appears	appear	VERB
afbr-616	136	16	to	to	PART
afbr-616	136	17	designate	designate	VERB
afbr-616	136	18	that	that	DET
afbr-616	136	19	income	income	NOUN
afbr-616	136	20	through	through	ADP
afbr-616	136	21	dividend	dividend	NOUN
afbr-616	136	22	is	be	AUX
afbr-616	136	23	a	a	DET
afbr-616	136	24	seductive	seductive	ADJ
afbr-616	136	25	determinant	determinant	ADJ
afbr-616	136	26	to	to	ADP
afbr-616	136	27	investors	investor	NOUN
afbr-616	136	28	both	both	PRON
afbr-616	136	29	for	for	ADP
afbr-616	136	30	the	the	DET
afbr-616	136	31	confirmation	confirmation	NOUN
afbr-616	136	32	of	of	ADP
afbr-616	136	33	return	return	NOUN
afbr-616	136	34	as	as	ADV
afbr-616	136	35	well	well	ADV
afbr-616	136	36	as	as	ADP
afbr-616	136	37	the	the	DET
afbr-616	136	38	management	management	NOUN
afbr-616	136	39	claims	claim	VERB
afbr-616	136	40	.	.	PUNCT
afbr-616	137	1	dividend	dividend	NOUN
afbr-616	137	2	policy	policy	NOUN
afbr-616	137	3	is	be	AUX
afbr-616	137	4	under	under	ADP
afbr-616	137	5	management	management	NOUN
afbr-616	137	6	deliberation	deliberation	NOUN
afbr-616	137	7	.	.	PUNCT
afbr-616	138	1	a	a	DET
afbr-616	138	2	trade	trade	NOUN
afbr-616	138	3	-	-	PUNCT
afbr-616	138	4	off	off	NOUN
afbr-616	138	5	exists	exist	NOUN
afbr-616	138	6	between	between	ADP
afbr-616	138	7	management	management	NOUN
afbr-616	138	8	’s	’s	PART
afbr-616	138	9	decision	decision	NOUN
afbr-616	138	10	as	as	ADP
afbr-616	138	11	to	to	ADP
afbr-616	138	12	the	the	DET
afbr-616	138	13	implementation	implementation	NOUN
afbr-616	138	14	and	and	CCONJ
afbr-616	138	15	extent	extent	NOUN
afbr-616	138	16	of	of	ADP
afbr-616	138	17	the	the	DET
afbr-616	138	18	payout	payout	NOUN
afbr-616	138	19	in	in	ADP
afbr-616	138	20	dividend	dividend	NOUN
afbr-616	138	21	policy	policy	NOUN
afbr-616	138	22	vs.	vs.	ADP
afbr-616	138	23	reinvestment	reinvestment	NOUN
afbr-616	138	24	.	.	PUNCT
afbr-616	139	1	although	although	SCONJ
afbr-616	139	2	there	there	PRON
afbr-616	139	3	is	be	VERB
afbr-616	139	4	compact	compact	ADJ
afbr-616	139	5	information	information	NOUN
afbr-616	139	6	about	about	ADP
afbr-616	139	7	dividend	dividend	NOUN
afbr-616	139	8	policy	policy	NOUN
afbr-616	139	9	making	making	NOUN
afbr-616	139	10	process	process	NOUN
afbr-616	139	11	,	,	PUNCT
afbr-616	139	12	decisions	decision	NOUN
afbr-616	139	13	do	do	AUX
afbr-616	139	14	not	not	PART
afbr-616	139	15	appear	appear	VERB
afbr-616	139	16	to	to	PART
afbr-616	139	17	be	be	AUX
afbr-616	139	18	made	make	VERB
afbr-616	139	19	delicately	delicately	ADV
afbr-616	139	20	.	.	PUNCT
afbr-616	140	1	factors	factor	NOUN
afbr-616	140	2	like	like	ADP
afbr-616	140	3	tax	tax	NOUN
afbr-616	140	4	,	,	PUNCT
afbr-616	140	5	external	external	ADJ
afbr-616	140	6	financing	financing	NOUN
afbr-616	140	7	costs	cost	NOUN
afbr-616	140	8	,	,	PUNCT
afbr-616	140	9	transaction	transaction	NOUN
afbr-616	140	10	costs	cost	NOUN
afbr-616	140	11	,	,	PUNCT
afbr-616	140	12	earnings	earning	NOUN
afbr-616	140	13	stability	stability	NOUN
afbr-616	140	14	,	,	PUNCT
afbr-616	140	15	liquidity	liquidity	NOUN
afbr-616	140	16	position	position	NOUN
afbr-616	140	17	,	,	PUNCT
afbr-616	140	18	investment	investment	NOUN
afbr-616	140	19	decision	decision	NOUN
afbr-616	140	20	,	,	PUNCT
afbr-616	140	21	etc	etc	X
afbr-616	140	22	.	.	X
afbr-616	140	23	also	also	ADV
afbr-616	140	24	play	play	VERB
afbr-616	140	25	decisive	decisive	ADJ
afbr-616	140	26	role	role	NOUN
afbr-616	140	27	in	in	ADP
afbr-616	140	28	management	management	NOUN
afbr-616	140	29	’s	’s	PART
afbr-616	140	30	dividend	dividend	NOUN
afbr-616	140	31	policy	policy	NOUN
afbr-616	140	32	.	.	PUNCT
afbr-616	141	1	12	12	NUM
afbr-616	141	2	.	.	PUNCT
afbr-616	142	1	future	future	ADJ
afbr-616	142	2	research	research	NOUN
afbr-616	142	3	further	further	ADJ
afbr-616	142	4	research	research	NOUN
afbr-616	142	5	can	can	AUX
afbr-616	142	6	be	be	AUX
afbr-616	142	7	persuaded	persuade	VERB
afbr-616	142	8	to	to	PART
afbr-616	142	9	establish	establish	VERB
afbr-616	142	10	the	the	DET
afbr-616	142	11	cognition	cognition	NOUN
afbr-616	142	12	of	of	ADP
afbr-616	142	13	dividend	dividend	NOUN
afbr-616	142	14	policy	policy	NOUN
afbr-616	142	15	and	and	CCONJ
afbr-616	142	16	its	its	PRON
afbr-616	142	17	execution	execution	NOUN
afbr-616	142	18	on	on	ADP
afbr-616	142	19	market	market	NOUN
afbr-616	142	20	-	-	PUNCT
afbr-616	142	21	based	base	VERB
afbr-616	142	22	strategy	strategy	NOUN
afbr-616	142	23	.	.	PUNCT
afbr-616	143	1	data	datum	NOUN
afbr-616	143	2	for	for	ADP
afbr-616	143	3	several	several	ADJ
afbr-616	143	4	periods	period	NOUN
afbr-616	143	5	can	can	AUX
afbr-616	143	6	also	also	ADV
afbr-616	143	7	be	be	AUX
afbr-616	143	8	exercised	exercise	VERB
afbr-616	143	9	for	for	ADP
afbr-616	143	10	distinguishing	distinguish	VERB
afbr-616	143	11	payout	payout	ADJ
afbr-616	143	12	variation	variation	NOUN
afbr-616	143	13	over	over	ADP
afbr-616	143	14	time	time	NOUN
afbr-616	143	15	and	and	CCONJ
afbr-616	143	16	the	the	DET
afbr-616	143	17	level	level	NOUN
afbr-616	143	18	of	of	ADP
afbr-616	143	19	materiality	materiality	NOUN
afbr-616	143	20	for	for	ADP
afbr-616	143	21	each	each	DET
afbr-616	143	22	determinant	determinant	ADJ
afbr-616	143	23	.	.	PUNCT
afbr-616	144	1	insertion	insertion	NOUN
afbr-616	144	2	of	of	ADP
afbr-616	144	3	more	more	ADJ
afbr-616	144	4	variables	variable	NOUN
afbr-616	144	5	like	like	ADP
afbr-616	144	6	float	float	VERB
afbr-616	144	7	,	,	PUNCT
afbr-616	144	8	pe	pe	PROPN
afbr-616	144	9	ratio	ratio	NOUN
afbr-616	144	10	projections	projection	NOUN
afbr-616	144	11	,	,	PUNCT
afbr-616	144	12	operating	operating	NOUN
afbr-616	144	13	margins	margin	NOUN
afbr-616	144	14	,	,	PUNCT
afbr-616	144	15	de	de	NOUN
afbr-616	144	16	ratio	ratio	NOUN
afbr-616	144	17	,	,	PUNCT
afbr-616	144	18	and	and	CCONJ
afbr-616	144	19	others	other	NOUN
afbr-616	144	20	may	may	AUX
afbr-616	144	21	also	also	ADV
afbr-616	144	22	yield	yield	VERB
afbr-616	144	23	expressive	expressive	ADJ
afbr-616	144	24	result	result	NOUN
afbr-616	144	25	.	.	PUNCT
afbr-616	145	1	the	the	DET
afbr-616	145	2	present	present	ADJ
afbr-616	145	3	analysis	analysis	NOUN
afbr-616	145	4	may	may	AUX
afbr-616	145	5	be	be	AUX
afbr-616	145	6	lengthened	lengthen	VERB
afbr-616	145	7	to	to	PART
afbr-616	145	8	study	study	VERB
afbr-616	145	9	the	the	DET
afbr-616	145	10	impact	impact	NOUN
afbr-616	145	11	of	of	ADP
afbr-616	145	12	ownership	ownership	NOUN
afbr-616	145	13	distinctiveness	distinctiveness	NOUN
afbr-616	145	14	in	in	ADP
afbr-616	145	15	case	case	NOUN
afbr-616	145	16	of	of	ADP
afbr-616	145	17	other	other	ADJ
afbr-616	145	18	developing	develop	VERB
afbr-616	145	19	resources	resource	NOUN
afbr-616	145	20	for	for	ADP
afbr-616	145	21	future	future	ADJ
afbr-616	145	22	research	research	NOUN
afbr-616	145	23	.	.	PUNCT
afbr-616	146	1	impact	impact	NOUN
afbr-616	146	2	of	of	ADP
afbr-616	146	3	board	board	NOUN
afbr-616	146	4	structure	structure	NOUN
afbr-616	146	5	on	on	ADP
afbr-616	146	6	dividend	dividend	NOUN
afbr-616	146	7	policy	policy	NOUN
afbr-616	146	8	is	be	AUX
afbr-616	146	9	a	a	DET
afbr-616	146	10	beguiling	beguiling	ADJ
afbr-616	146	11	effort	effort	NOUN
afbr-616	146	12	to	to	PART
afbr-616	146	13	research	research	VERB
afbr-616	146	14	.	.	PUNCT
afbr-616	147	1	this	this	PRON
afbr-616	147	2	is	be	AUX
afbr-616	147	3	waiting	wait	VERB
afbr-616	147	4	for	for	ADP
afbr-616	147	5	future	future	ADJ
afbr-616	147	6	research	research	NOUN
afbr-616	147	7	.	.	PUNCT
afbr-616	148	1	acknowledgement	acknowledgement	NOUN
afbr-616	148	2	the	the	DET
afbr-616	148	3	paper	paper	NOUN
afbr-616	148	4	is	be	AUX
afbr-616	148	5	devoted	devote	VERB
afbr-616	148	6	to	to	PART
afbr-616	148	7	almighty	almighty	VERB
afbr-616	148	8	god	god	PROPN
afbr-616	148	9	who	who	PRON
afbr-616	148	10	always	always	ADV
afbr-616	148	11	shows	show	VERB
afbr-616	148	12	his	his	PRON
afbr-616	148	13	blessings	blessing	NOUN
afbr-616	148	14	in	in	ADP
afbr-616	148	15	all	all	DET
afbr-616	148	16	walks	walk	NOUN
afbr-616	148	17	of	of	ADP
afbr-616	148	18	my	my	PRON
afbr-616	148	19	life	life	NOUN
afbr-616	148	20	.	.	PUNCT
afbr-616	149	1	references	reference	NOUN
afbr-616	149	2	abdul	abdul	PROPN
afbr-616	149	3	,	,	PUNCT
afbr-616	149	4	a.	a.	PROPN
afbr-616	149	5	&	&	CCONJ
afbr-616	149	6	muhibudeen	muhibudeen	PROPN
afbr-616	149	7	,	,	PUNCT
afbr-616	149	8	l.(2015).relationship	l.(2015).relationship	NOUN
afbr-616	149	9	between	between	ADP
afbr-616	149	10	dividend	dividend	NOUN
afbr-616	149	11	payout	payout	NOUN
afbr-616	149	12	and	and	CCONJ
afbr-616	149	13	firms	firm	NOUN
afbr-616	149	14	’	’	PART
afbr-616	149	15	performance	performance	NOUN
afbr-616	149	16	:	:	PUNCT
afbr-616	149	17	evaluation	evaluation	NOUN
afbr-616	149	18	of	of	ADP
afbr-616	149	19	dividend	dividend	NOUN
afbr-616	149	20	policy	policy	NOUN
afbr-616	149	21	of	of	ADP
afbr-616	149	22	oando	oando	PROPN
afbr-616	149	23	plc	plc	PROPN
afbr-616	149	24	.	.	PUNCT
afbr-616	150	1	international	international	PROPN
afbr-616	150	2	journal	journal	PROPN
afbr-616	150	3	of	of	ADP
afbr-616	150	4	contemporary	contemporary	PROPN
afbr-616	150	5	applied	apply	VERB
afbr-616	150	6	sciences,2(6),56	sciences,2(6),56	PROPN
afbr-616	150	7	-	-	PUNCT
afbr-616	150	8	71	71	NUM
afbr-616	150	9	.	.	PUNCT
afbr-616	151	1	abdul	abdul	PROPN
afbr-616	151	2	,	,	PUNCT
afbr-616	151	3	a.	a.	PROPN
afbr-616	151	4	,	,	PUNCT
afbr-616	151	5	&	&	CCONJ
afbr-616	151	6	muhibudeen	muhibudeen	VERB
afbr-616	151	7	,	,	PUNCT
afbr-616	151	8	l.(2015).relationship	l.(2015).relationship	NOUN
afbr-616	151	9	between	between	ADP
afbr-616	151	10	dividend	dividend	NOUN
afbr-616	151	11	payout	payout	NOUN
afbr-616	151	12	and	and	CCONJ
afbr-616	151	13	firms	firm	NOUN
afbr-616	151	14	’	’	PART
afbr-616	151	15	performance	performance	NOUN
afbr-616	151	16	:	:	PUNCT
afbr-616	151	17	evaluation	evaluation	NOUN
afbr-616	151	18	of	of	ADP
afbr-616	151	19	dividend	dividend	NOUN
afbr-616	151	20	policy	policy	NOUN
afbr-616	151	21	of	of	ADP
afbr-616	151	22	oando	oando	PROPN
afbr-616	151	23	plc	plc	PROPN
afbr-616	151	24	.	.	PUNCT
afbr-616	152	1	international	international	PROPN
afbr-616	152	2	journal	journal	PROPN
afbr-616	152	3	of	of	ADP
afbr-616	152	4	contemporary	contemporary	PROPN
afbr-616	152	5	applied	apply	VERB
afbr-616	152	6	sciences,2(6),56	sciences,2(6),56	PROPN
afbr-616	152	7	-	-	PUNCT
afbr-616	152	8	71	71	NUM
afbr-616	152	9	.	.	PUNCT
afbr-616	153	1	abiola	abiola	PROPN
afbr-616	153	2	,	,	PUNCT
afbr-616	153	3	j.o	j.o	PROPN
afbr-616	153	4	.	.	PROPN
afbr-616	153	5	(	(	PUNCT
afbr-616	153	6	2014).measuring	2014).measure	VERB
afbr-616	153	7	and	and	CCONJ
afbr-616	153	8	analyzing	analyze	VERB
afbr-616	153	9	the	the	DET
afbr-616	153	10	effects	effect	NOUN
afbr-616	153	11	of	of	ADP
afbr-616	153	12	dividend	dividend	NOUN
afbr-616	153	13	policy	policy	NOUN
afbr-616	153	14	in	in	ADP
afbr-616	153	15	banking	banking	NOUN
afbr-616	153	16	profits	profit	NOUN
afbr-616	153	17	and	and	CCONJ
afbr-616	153	18	growth	growth	NOUN
afbr-616	153	19	.	.	PUNCT
afbr-616	154	1	journal	journal	NOUN
afbr-616	154	2	of	of	ADP
afbr-616	154	3	policy	policy	NOUN
afbr-616	154	4	and	and	CCONJ
afbr-616	154	5	development	development	NOUN
afbr-616	154	6	studies,9(1),167	studies,9(1),167	PROPN
afbr-616	154	7	-	-	PUNCT
afbr-616	154	8	178	178	NUM
afbr-616	154	9	.	.	PUNCT
afbr-616	155	1	afza	afza	PROPN
afbr-616	155	2	,	,	PUNCT
afbr-616	155	3	t.	t.	PROPN
afbr-616	155	4	,	,	PUNCT
afbr-616	155	5	&	&	CCONJ
afbr-616	155	6	mirza	mirza	PROPN
afbr-616	155	7	,	,	PUNCT
afbr-616	155	8	h.h.(2011).do	h.h.(2011).do	PROPN
afbr-616	155	9	mature	mature	ADJ
afbr-616	155	10	companies	company	NOUN
afbr-616	155	11	pay	pay	VERB
afbr-616	155	12	more	more	ADJ
afbr-616	155	13	dividends	dividend	NOUN
afbr-616	155	14	?	?	PUNCT
afbr-616	156	1	evidence	evidence	NOUN
afbr-616	156	2	from	from	ADP
afbr-616	156	3	pakistani	pakistani	ADJ
afbr-616	156	4	stock	stock	NOUN
afbr-616	156	5	market	market	NOUN
afbr-616	156	6	.	.	PUNCT
afbr-616	157	1	mediterranean	mediterranean	PROPN
afbr-616	157	2	journal	journal	PROPN
afbr-616	157	3	of	of	ADP
afbr-616	157	4	social	social	ADJ
afbr-616	157	5	sciences	science	NOUN
afbr-616	157	6	,	,	PUNCT
afbr-616	157	7	2(2),152	2(2),152	NUM
afbr-616	157	8	-	-	SYM
afbr-616	157	9	161	161	NUM
afbr-616	157	10	.	.	PUNCT
afbr-616	158	1	ajanthan	ajanthan	PROPN
afbr-616	158	2	,	,	PUNCT
afbr-616	158	3	a.(2013).the	a.(2013).the	DET
afbr-616	158	4	relationship	relationship	NOUN
afbr-616	158	5	between	between	ADP
afbr-616	158	6	dividend	dividend	NOUN
afbr-616	158	7	payout	payout	NOUN
afbr-616	158	8	and	and	CCONJ
afbr-616	158	9	firm	firm	ADJ
afbr-616	158	10	profitability	profitability	NOUN
afbr-616	158	11	:	:	PUNCT
afbr-616	158	12	a	a	DET
afbr-616	158	13	study	study	NOUN
afbr-616	158	14	of	of	ADP
afbr-616	158	15	listed	list	VERB
afbr-616	158	16	hotels	hotel	NOUN
afbr-616	158	17	and	and	CCONJ
afbr-616	158	18	restaurant	restaurant	NOUN
afbr-616	158	19	companies	company	NOUN
afbr-616	158	20	in	in	ADP
afbr-616	158	21	sri	sri	PROPN
afbr-616	158	22	lanka	lanka	PROPN
afbr-616	158	23	,	,	PUNCT
afbr-616	158	24	international	international	ADJ
afbr-616	158	25	journal	journal	NOUN
afbr-616	158	26	of	of	ADP
afbr-616	158	27	scientific	scientific	ADJ
afbr-616	158	28	and	and	CCONJ
afbr-616	158	29	research	research	NOUN
afbr-616	158	30	publications.3(6),1	publications.3(6),1	NOUN
afbr-616	158	31	-	-	PUNCT
afbr-616	158	32	6	6	NUM
afbr-616	158	33	.	.	PUNCT
afbr-616	159	1	copyright	copyright	NOUN
afbr-616	159	2	©	©	PROPN
afbr-616	159	3	cc	cc	PROPN
afbr-616	159	4	-	-	PUNCT
afbr-616	159	5	by	by	ADP
afbr-616	159	6	-	-	PUNCT
afbr-616	159	7	nc	nc	PROPN
afbr-616	159	8	2019	2019	NUM
afbr-616	159	9	,	,	PUNCT
afbr-616	159	10	cribfb	cribfb	PROPN
afbr-616	159	11	|	|	ADV
afbr-616	159	12	afbr	afbr	PROPN
afbr-616	159	13	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-616	159	14	australian	australian	ADJ
afbr-616	159	15	finance	finance	PROPN
afbr-616	159	16	&	&	CCONJ
afbr-616	159	17	banking	banking	PROPN
afbr-616	159	18	review	review	PROPN
afbr-616	159	19	vol	vol	NOUN
afbr-616	159	20	.	.	PROPN
afbr-616	160	1	4	4	NUM
afbr-616	160	2	,	,	PUNCT
afbr-616	160	3	no	no	INTJ
afbr-616	160	4	.	.	NOUN
afbr-616	160	5	1	1	NUM
afbr-616	160	6	;	;	PUNCT
afbr-616	160	7	2020	2020	NUM
afbr-616	160	8	44	44	NUM
afbr-616	160	9	chawla	chawla	NOUN
afbr-616	160	10	,	,	PUNCT
afbr-616	160	11	p.	p.	PROPN
afbr-616	160	12	k.	k.	PROPN
afbr-616	160	13	&	&	CCONJ
afbr-616	160	14	chadha	chadha	PROPN
afbr-616	160	15	,	,	PUNCT
afbr-616	160	16	n.(2014).a	n.(2014).a	PROPN
afbr-616	160	17	comparative	comparative	ADJ
afbr-616	160	18	analysis	analysis	NOUN
afbr-616	160	19	of	of	ADP
afbr-616	160	20	dividend	dividend	NOUN
afbr-616	160	21	payout	payout	ADJ
afbr-616	160	22	trend	trend	NOUN
afbr-616	160	23	of	of	ADP
afbr-616	160	24	indian	indian	ADJ
afbr-616	160	25	telecom	telecom	PROPN
afbr-616	160	26	and	and	CCONJ
afbr-616	160	27	steel	steel	NOUN
afbr-616	160	28	industries	industry	NOUN
afbr-616	160	29	.	.	PUNCT
afbr-616	161	1	shiv	shiv	PROPN
afbr-616	161	2	shakti	shakti	PROPN
afbr-616	161	3	international	international	PROPN
afbr-616	161	4	journal	journal	PROPN
afbr-616	161	5	of	of	ADP
afbr-616	161	6	interdisciplinary	interdisciplinary	ADJ
afbr-616	161	7	and	and	CCONJ
afbr-616	161	8	academic	academic	ADJ
afbr-616	161	9	research,3(1),58	research,3(1),58	NOUN
afbr-616	161	10	-	-	PUNCT
afbr-616	161	11	73	73	NUM
afbr-616	161	12	.	.	PUNCT
afbr-616	162	1	kanwal	kanwal	PROPN
afbr-616	162	2	,	,	PUNCT
afbr-616	162	3	m.	m.	NOUN
afbr-616	162	4	&	&	CCONJ
afbr-616	162	5	hameed	hameed	PROPN
afbr-616	162	6	,	,	PUNCT
afbr-616	162	7	s.(2017).the	s.(2017).the	DET
afbr-616	162	8	relationship	relationship	NOUN
afbr-616	162	9	between	between	ADP
afbr-616	162	10	dividend	dividend	NOUN
afbr-616	162	11	payout	payout	NOUN
afbr-616	162	12	and	and	CCONJ
afbr-616	162	13	firm	firm	ADJ
afbr-616	162	14	financial	financial	ADJ
afbr-616	162	15	performance	performance	NOUN
afbr-616	162	16	,	,	PUNCT
afbr-616	162	17	research	research	NOUN
afbr-616	162	18	in	in	ADP
afbr-616	162	19	business	business	NOUN
afbr-616	162	20	and	and	CCONJ
afbr-616	162	21	management,4(1	management,4(1	PROPN
afbr-616	162	22	)	)	PUNCT
afbr-616	162	23	.	.	PUNCT
afbr-616	163	1	khan	khan	PROPN
afbr-616	163	2	,	,	PUNCT
afbr-616	163	3	m.n	m.n	PROPN
afbr-616	163	4	.	.	PROPN
afbr-616	163	5	,	,	PUNCT
afbr-616	163	6	nadeem	nadeem	PROPN
afbr-616	163	7	,	,	PUNCT
afbr-616	163	8	b.	b.	PROPN
afbr-616	163	9	,	,	PUNCT
afbr-616	163	10	islam	islam	PROPN
afbr-616	163	11	,	,	PUNCT
afbr-616	163	12	f.	f.	PROPN
afbr-616	163	13	,	,	PUNCT
afbr-616	163	14	salman	salman	PROPN
afbr-616	163	15	,	,	PUNCT
afbr-616	163	16	m.	m.	NOUN
afbr-616	163	17	and	and	CCONJ
afbr-616	163	18	gill	gill	NOUN
afbr-616	163	19	,	,	PUNCT
afbr-616	163	20	h.m.i.s.(2016).impact	h.m.i.s.(2016).impact	NOUN
afbr-616	163	21	of	of	ADP
afbr-616	163	22	dividend	dividend	NOUN
afbr-616	163	23	policy	policy	NOUN
afbr-616	163	24	on	on	ADP
afbr-616	163	25	firm	firm	ADJ
afbr-616	163	26	performance	performance	NOUN
afbr-616	163	27	:	:	PUNCT
afbr-616	163	28	an	an	DET
afbr-616	163	29	empirical	empirical	ADJ
afbr-616	163	30	evidence	evidence	NOUN
afbr-616	163	31	from	from	ADP
afbr-616	163	32	pakistan	pakistan	PROPN
afbr-616	163	33	stock	stock	PROPN
afbr-616	163	34	exchange	exchange	PROPN
afbr-616	163	35	,	,	PUNCT
afbr-616	163	36	american	american	PROPN
afbr-616	163	37	journal	journal	PROPN
afbr-616	163	38	of	of	ADP
afbr-616	163	39	economics	economic	NOUN
afbr-616	163	40	,	,	PUNCT
afbr-616	163	41	finance	finance	NOUN
afbr-616	163	42	and	and	CCONJ
afbr-616	163	43	management,2(4	management,2(4	PROPN
afbr-616	163	44	)	)	PUNCT
afbr-616	163	45	,	,	PUNCT
afbr-616	163	46	28	28	NUM
afbr-616	163	47	-	-	SYM
afbr-616	163	48	34	34	NUM
afbr-616	163	49	.	.	PUNCT
afbr-616	163	50	kolawole	kolawole	PROPN
afbr-616	163	51	,	,	PUNCT
afbr-616	163	52	e.	e.	PROPN
afbr-616	163	53	,	,	PUNCT
afbr-616	163	54	sadiq	sadiq	PROPN
afbr-616	163	55	,	,	PUNCT
afbr-616	163	56	m.s	m.s	PROPN
afbr-616	163	57	.	.	PROPN
afbr-616	163	58	,	,	PUNCT
afbr-616	163	59	&	&	CCONJ
afbr-616	163	60	lucky	lucky	ADJ
afbr-616	163	61	,	,	PUNCT
afbr-616	163	62	o.(2018).effect	o.(2018).effect	NOUN
afbr-616	163	63	of	of	ADP
afbr-616	163	64	dividend	dividend	NOUN
afbr-616	163	65	policy	policy	NOUN
afbr-616	163	66	on	on	ADP
afbr-616	163	67	the	the	DET
afbr-616	163	68	performance	performance	NOUN
afbr-616	163	69	of	of	ADP
afbr-616	163	70	listed	list	VERB
afbr-616	163	71	oil	oil	NOUN
afbr-616	163	72	and	and	CCONJ
afbr-616	163	73	gas	gas	NOUN
afbr-616	163	74	firms	firm	NOUN
afbr-616	163	75	in	in	ADP
afbr-616	163	76	nigeria	nigeria	PROPN
afbr-616	163	77	,	,	PUNCT
afbr-616	163	78	international	international	ADJ
afbr-616	163	79	journal	journal	NOUN
afbr-616	163	80	of	of	ADP
afbr-616	163	81	scientific	scientific	ADJ
afbr-616	163	82	and	and	CCONJ
afbr-616	163	83	research	research	NOUN
afbr-616	163	84	publications,8(6	publications,8(6	NOUN
afbr-616	163	85	)	)	PUNCT
afbr-616	163	86	.	.	PUNCT
afbr-616	164	1	kouser	kouser	PROPN
afbr-616	164	2	,	,	PUNCT
afbr-616	164	3	r.	r.	PROPN
afbr-616	164	4	,	,	PUNCT
afbr-616	164	5	luqman	luqman	PROPN
afbr-616	164	6	,	,	PUNCT
afbr-616	164	7	r.	r.	PROPN
afbr-616	164	8	,	,	PUNCT
afbr-616	164	9	yaseen	yaseen	PROPN
afbr-616	164	10	,	,	PUNCT
afbr-616	164	11	a.	a.	PROPN
afbr-616	164	12	,	,	PUNCT
afbr-616	164	13	&	&	CCONJ
afbr-616	164	14	azeem	azeem	PROPN
afbr-616	164	15	,	,	PUNCT
afbr-616	164	16	m.(2015).dividend	m.(2015).dividend	VERB
afbr-616	164	17	payout	payout	NOUN
afbr-616	164	18	policy	policy	NOUN
afbr-616	164	19	and	and	CCONJ
afbr-616	164	20	financial	financial	ADJ
afbr-616	164	21	crisis	crisis	NOUN
afbr-616	164	22	:	:	PUNCT
afbr-616	164	23	evidence	evidence	NOUN
afbr-616	164	24	from	from	ADP
afbr-616	164	25	the	the	DET
afbr-616	164	26	life	life	NOUN
afbr-616	164	27	cycle	cycle	NOUN
afbr-616	164	28	theory	theory	NOUN
afbr-616	164	29	.	.	PUNCT
afbr-616	165	1	pakistan	pakistan	PROPN
afbr-616	165	2	journal	journal	PROPN
afbr-616	165	3	of	of	ADP
afbr-616	165	4	commerce	commerce	PROPN
afbr-616	165	5	and	and	CCONJ
afbr-616	165	6	social	social	ADJ
afbr-616	165	7	sciences,9(2),583	sciences,9(2),583	NOUN
afbr-616	165	8	-	-	PUNCT
afbr-616	165	9	597	597	NUM
afbr-616	165	10	.	.	PUNCT
afbr-616	166	1	kouser	kouser	PROPN
afbr-616	166	2	,	,	PUNCT
afbr-616	166	3	r.	r.	PROPN
afbr-616	166	4	,	,	PUNCT
afbr-616	166	5	luqman	luqman	PROPN
afbr-616	166	6	,	,	PUNCT
afbr-616	166	7	r.	r.	PROPN
afbr-616	166	8	,	,	PUNCT
afbr-616	166	9	yaseen	yaseen	PROPN
afbr-616	166	10	,	,	PUNCT
afbr-616	166	11	a.	a.	PROPN
afbr-616	166	12	,	,	PUNCT
afbr-616	166	13	&	&	CCONJ
afbr-616	166	14	azeem	azeem	PROPN
afbr-616	166	15	,	,	PUNCT
afbr-616	166	16	m.(2015).dividend	m.(2015).dividend	VERB
afbr-616	166	17	payout	payout	NOUN
afbr-616	166	18	policy	policy	NOUN
afbr-616	166	19	and	and	CCONJ
afbr-616	166	20	financial	financial	ADJ
afbr-616	166	21	crisis	crisis	NOUN
afbr-616	166	22	:	:	PUNCT
afbr-616	166	23	evidence	evidence	NOUN
afbr-616	166	24	from	from	ADP
afbr-616	166	25	the	the	DET
afbr-616	166	26	life	life	NOUN
afbr-616	166	27	cycle	cycle	NOUN
afbr-616	166	28	theory	theory	NOUN
afbr-616	166	29	.	.	PUNCT
afbr-616	167	1	pakistan	pakistan	PROPN
afbr-616	167	2	journal	journal	PROPN
afbr-616	167	3	of	of	ADP
afbr-616	167	4	commerce	commerce	PROPN
afbr-616	167	5	and	and	CCONJ
afbr-616	167	6	social	social	ADJ
afbr-616	167	7	sciences,9(2),583	sciences,9(2),583	NOUN
afbr-616	167	8	-	-	PUNCT
afbr-616	167	9	597	597	NUM
afbr-616	167	10	.	.	PUNCT
afbr-616	168	1	kurawa	kurawa	PROPN
afbr-616	168	2	,	,	PUNCT
afbr-616	168	3	j.m	j.m	PROPN
afbr-616	168	4	.	.	PROPN
afbr-616	168	5	,	,	PUNCT
afbr-616	168	6	&	&	CCONJ
afbr-616	168	7	ishaku	ishaku	PROPN
afbr-616	168	8	,	,	PUNCT
afbr-616	168	9	a.(2014).the	a.(2014).the	DET
afbr-616	168	10	effect	effect	NOUN
afbr-616	168	11	of	of	ADP
afbr-616	168	12	corporate	corporate	ADJ
afbr-616	168	13	governance	governance	NOUN
afbr-616	168	14	on	on	ADP
afbr-616	168	15	dividend	dividend	NOUN
afbr-616	168	16	policy	policy	NOUN
afbr-616	168	17	of	of	ADP
afbr-616	168	18	listed	list	VERB
afbr-616	168	19	banks	bank	NOUN
afbr-616	168	20	in	in	ADP
afbr-616	168	21	nigeria	nigeria	PROPN
afbr-616	168	22	:	:	PUNCT
afbr-616	168	23	a	a	DET
afbr-616	168	24	panel	panel	NOUN
afbr-616	168	25	data	data	VERB
afbr-616	168	26	analysis	analysis	NOUN
afbr-616	168	27	,	,	PUNCT
afbr-616	168	28	research	research	NOUN
afbr-616	168	29	journal	journal	NOUN
afbr-616	168	30	of	of	ADP
afbr-616	168	31	finance,2(8),1	finance,2(8),1	PROPN
afbr-616	168	32	-	-	PUNCT
afbr-616	168	33	12	12	NUM
afbr-616	168	34	.	.	PUNCT
afbr-616	169	1	labhane	labhane	PROPN
afbr-616	169	2	,	,	PUNCT
afbr-616	169	3	n.b	n.b	PROPN
afbr-616	169	4	.	.	PROPN
afbr-616	169	5	&	&	CCONJ
afbr-616	169	6	mahakud	mahakud	PROPN
afbr-616	169	7	,	,	PUNCT
afbr-616	169	8	j.(2016).determinants	j.(2016).determinant	NOUN
afbr-616	169	9	of	of	ADP
afbr-616	169	10	dividend	dividend	NOUN
afbr-616	169	11	policy	policy	NOUN
afbr-616	169	12	of	of	ADP
afbr-616	169	13	indian	indian	ADJ
afbr-616	169	14	companies	company	NOUN
afbr-616	169	15	:	:	PUNCT
afbr-616	169	16	a	a	DET
afbr-616	169	17	panel	panel	NOUN
afbr-616	169	18	data	data	VERB
afbr-616	169	19	analysis	analysis	NOUN
afbr-616	169	20	,	,	PUNCT
afbr-616	169	21	paradigm,20(1),36	paradigm,20(1),36	NOUN
afbr-616	169	22	-	-	PUNCT
afbr-616	169	23	55	55	NUM
afbr-616	169	24	.	.	PUNCT
afbr-616	170	1	maladjian	maladjian	ADJ
afbr-616	170	2	,	,	PUNCT
afbr-616	170	3	c.	c.	PROPN
afbr-616	170	4	&	&	CCONJ
afbr-616	170	5	el	el	PROPN
afbr-616	170	6	khoury	khoury	PROPN
afbr-616	170	7	,	,	PUNCT
afbr-616	170	8	r.(2014).determinants	r.(2014).determinant	NOUN
afbr-616	170	9	of	of	ADP
afbr-616	170	10	the	the	DET
afbr-616	170	11	dividend	dividend	NOUN
afbr-616	170	12	policy	policy	NOUN
afbr-616	170	13	:	:	PUNCT
afbr-616	170	14	an	an	DET
afbr-616	170	15	empirical	empirical	ADJ
afbr-616	170	16	study	study	NOUN
afbr-616	170	17	on	on	ADP
afbr-616	170	18	the	the	DET
afbr-616	170	19	lebanese	lebanese	ADJ
afbr-616	170	20	listed	list	VERB
afbr-616	170	21	banks	bank	NOUN
afbr-616	170	22	.	.	PUNCT
afbr-616	171	1	international	international	ADJ
afbr-616	171	2	journal	journal	PROPN
afbr-616	171	3	of	of	ADP
afbr-616	171	4	economics	economic	NOUN
afbr-616	171	5	and	and	CCONJ
afbr-616	171	6	finance,6(4),240	finance,6(4),240	PROPN
afbr-616	171	7	-	-	PUNCT
afbr-616	171	8	256	256	NUM
afbr-616	171	9	.	.	PUNCT
afbr-616	172	1	masum	masum	VERB
afbr-616	172	2	,	,	PUNCT
afbr-616	172	3	a.(2014).dividend	a.(2014).dividend	VERB
afbr-616	172	4	policy	policy	NOUN
afbr-616	172	5	and	and	CCONJ
afbr-616	172	6	its	its	PRON
afbr-616	172	7	impact	impact	NOUN
afbr-616	172	8	on	on	ADP
afbr-616	172	9	stock	stock	NOUN
afbr-616	172	10	price	price	NOUN
afbr-616	172	11	-	-	PUNCT
afbr-616	172	12	a	a	DET
afbr-616	172	13	study	study	NOUN
afbr-616	172	14	on	on	ADP
afbr-616	172	15	commercial	commercial	ADJ
afbr-616	172	16	banks	bank	NOUN
afbr-616	172	17	listed	list	VERB
afbr-616	172	18	in	in	ADP
afbr-616	172	19	dhaka	dhaka	PROPN
afbr-616	172	20	stock	stock	PROPN
afbr-616	172	21	exchange	exchange	PROPN
afbr-616	172	22	,	,	PUNCT
afbr-616	172	23	global	global	ADJ
afbr-616	172	24	disclosure	disclosure	NOUN
afbr-616	172	25	of	of	ADP
afbr-616	172	26	economics	economic	NOUN
afbr-616	172	27	and	and	CCONJ
afbr-616	172	28	business,3(1	business,3(1	NOUN
afbr-616	172	29	)	)	PUNCT
afbr-616	172	30	.	.	PUNCT
afbr-616	173	1	mbuvi	mbuvi	PROPN
afbr-616	173	2	,	,	PUNCT
afbr-616	173	3	j.	j.	PROPN
afbr-616	173	4	n.(2015).effect	n.(2015).effect	PROPN
afbr-616	173	5	of	of	ADP
afbr-616	173	6	dividend	dividend	NOUN
afbr-616	173	7	policy	policy	NOUN
afbr-616	173	8	on	on	ADP
afbr-616	173	9	value	value	NOUN
afbr-616	173	10	creation	creation	NOUN
afbr-616	173	11	for	for	ADP
afbr-616	173	12	shareholders	shareholder	NOUN
afbr-616	173	13	of	of	ADP
afbr-616	173	14	companies	company	NOUN
afbr-616	173	15	listed	list	VERB
afbr-616	173	16	in	in	ADP
afbr-616	173	17	the	the	DET
afbr-616	173	18	nairobi	nairobi	PROPN
afbr-616	173	19	securities	securities	PROPN
afbr-616	173	20	exchange	exchange	PROPN
afbr-616	173	21	.	.	PUNCT
afbr-616	174	1	journal	journal	PROPN
afbr-616	174	2	of	of	ADP
afbr-616	174	3	economics	economic	NOUN
afbr-616	174	4	and	and	CCONJ
afbr-616	174	5	finance,(6)2,35	finance,(6)2,35	NOUN
afbr-616	174	6	-	-	PUNCT
afbr-616	174	7	41	41	NUM
afbr-616	174	8	.	.	PUNCT
afbr-616	175	1	okafor	okafor	PROPN
afbr-616	175	2	,	,	PUNCT
afbr-616	175	3	c.a	c.a	PROPN
afbr-616	175	4	.	.	PROPN
afbr-616	175	5	,	,	PUNCT
afbr-616	175	6	&	&	CCONJ
afbr-616	175	7	mgbame	mgbame	PROPN
afbr-616	175	8	c.o.(2011).‘dividend	c.o.(2011).‘dividend	NOUN
afbr-616	175	9	policy	policy	NOUN
afbr-616	175	10	and	and	CCONJ
afbr-616	175	11	share	share	NOUN
afbr-616	175	12	price	price	NOUN
afbr-616	175	13	volatility	volatility	NOUN
afbr-616	175	14	in	in	ADP
afbr-616	175	15	nigeria	nigeria	PROPN
afbr-616	175	16	,	,	PUNCT
afbr-616	175	17	journal	journal	NOUN
afbr-616	175	18	of	of	ADP
afbr-616	175	19	industrial	industrial	ADJ
afbr-616	175	20	,	,	PUNCT
afbr-616	175	21	financial	financial	ADJ
afbr-616	175	22	&	&	CCONJ
afbr-616	175	23	business	business	NOUN
afbr-616	175	24	management,9(1),234	management,9(1),234	PROPN
afbr-616	175	25	-	-	PUNCT
afbr-616	175	26	241	241	PROPN
afbr-616	175	27	.	.	PUNCT
afbr-616	176	1	pandey	pandey	PROPN
afbr-616	176	2	,	,	PUNCT
afbr-616	176	3	n.s	n.s	PROPN
afbr-616	176	4	.	.	PROPN
afbr-616	176	5	,	,	PUNCT
afbr-616	176	6	&	&	CCONJ
afbr-616	176	7	ashvini	ashvini	PROPN
afbr-616	176	8	,	,	PUNCT
afbr-616	176	9	n.(2016).a	n.(2016).a	PROPN
afbr-616	176	10	study	study	NOUN
afbr-616	176	11	on	on	ADP
afbr-616	176	12	determinants	determinant	NOUN
afbr-616	176	13	of	of	ADP
afbr-616	176	14	dividend	dividend	NOUN
afbr-616	176	15	policy	policy	NOUN
afbr-616	176	16	:	:	PUNCT
afbr-616	176	17	empirical	empirical	ADJ
afbr-616	176	18	evidence	evidence	NOUN
afbr-616	176	19	from	from	ADP
afbr-616	176	20	fmcg	fmcg	NOUN
afbr-616	176	21	sector	sector	NOUN
afbr-616	176	22	in	in	ADP
afbr-616	176	23	india	india	PROPN
afbr-616	176	24	.	.	PUNCT
afbr-616	177	1	pacific	pacific	PROPN
afbr-616	177	2	business	business	PROPN
afbr-616	177	3	review	review	PROPN
afbr-616	177	4	international	international	PROPN
afbr-616	177	5	journal,1(1),135	journal,1(1),135	PROPN
afbr-616	177	6	-	-	PUNCT
afbr-616	177	7	141	141	NUM
afbr-616	177	8	.	.	PUNCT
afbr-616	177	9	sakinc	sakinc	PROPN
afbr-616	177	10	,	,	PUNCT
afbr-616	177	11	i.	i.	PROPN
afbr-616	177	12	and	and	CCONJ
afbr-616	177	13	gungor	gungor	PROPN
afbr-616	177	14	,	,	PUNCT
afbr-616	177	15	s.(2015).the	s.(2015).the	DET
afbr-616	177	16	relationship	relationship	NOUN
afbr-616	177	17	between	between	ADP
afbr-616	177	18	ownership	ownership	NOUN
afbr-616	177	19	structure	structure	NOUN
afbr-616	177	20	and	and	CCONJ
afbr-616	177	21	dividend	dividend	NOUN
afbr-616	177	22	:	:	PUNCT
afbr-616	177	23	an	an	DET
afbr-616	177	24	application	application	NOUN
afbr-616	177	25	in	in	ADP
afbr-616	177	26	istanbul	istanbul	PROPN
afbr-616	177	27	stock	stock	PROPN
afbr-616	177	28	exchange	exchange	PROPN
afbr-616	177	29	.	.	PUNCT
afbr-616	178	1	journal	journal	PROPN
afbr-616	178	2	of	of	ADP
afbr-616	178	3	economics	economic	NOUN
afbr-616	178	4	and	and	CCONJ
afbr-616	178	5	development	development	NOUN
afbr-616	178	6	studies,3(4),19	studies,3(4),19	PROPN
afbr-616	178	7	-	-	PUNCT
afbr-616	178	8	30	30	NUM
afbr-616	178	9	.	.	PUNCT
afbr-616	179	1	thirumagal	thirumagal	ADJ
afbr-616	179	2	,	,	PUNCT
afbr-616	179	3	p.g	p.g	PROPN
afbr-616	179	4	.	.	PROPN
afbr-616	179	5	and	and	CCONJ
afbr-616	179	6	vasantha	vasantha	NOUN
afbr-616	179	7	,	,	PUNCT
afbr-616	179	8	s.(2018).a	s.(2018).a	PROPN
afbr-616	179	9	research	research	NOUN
afbr-616	179	10	paper	paper	NOUN
afbr-616	179	11	on	on	ADP
afbr-616	179	12	impact	impact	NOUN
afbr-616	179	13	of	of	ADP
afbr-616	179	14	dividend	dividend	NOUN
afbr-616	179	15	payout	payout	NOUN
afbr-616	179	16	on	on	ADP
afbr-616	179	17	shareholders	shareholder	NOUN
afbr-616	179	18	wealth	wealth	NOUN
afbr-616	179	19	in	in	ADP
afbr-616	179	20	indian	indian	ADJ
afbr-616	179	21	industries	industry	NOUN
afbr-616	179	22	,	,	PUNCT
afbr-616	179	23	international	international	ADJ
afbr-616	179	24	journal	journal	NOUN
afbr-616	179	25	of	of	ADP
afbr-616	179	26	pure	pure	ADJ
afbr-616	179	27	and	and	CCONJ
afbr-616	179	28	applied	applied	ADJ
afbr-616	179	29	mathematics,118(5	mathematics,118(5	PROPN
afbr-616	179	30	)	)	PUNCT
afbr-616	179	31	.	.	PUNCT
afbr-616	180	1	yegon	yegon	PROPN
afbr-616	180	2	,	,	PUNCT
afbr-616	180	3	c.	c.	PROPN
afbr-616	180	4	,	,	PUNCT
afbr-616	180	5	cheruiyot	cheruiyot	NOUN
afbr-616	180	6	,	,	PUNCT
afbr-616	180	7	j.	j.	PROPN
afbr-616	180	8	&	&	CCONJ
afbr-616	180	9	sang	sang	PROPN
afbr-616	180	10	,	,	PUNCT
afbr-616	180	11	j.(2014).effects	j.(2014).effect	NOUN
afbr-616	180	12	of	of	ADP
afbr-616	180	13	dividend	dividend	NOUN
afbr-616	180	14	policy	policy	NOUN
afbr-616	180	15	on	on	ADP
afbr-616	180	16	firm	firm	NOUN
afbr-616	180	17	’s	’s	PART
afbr-616	180	18	financial	financial	ADJ
afbr-616	180	19	performance	performance	NOUN
afbr-616	180	20	:	:	PUNCT
afbr-616	180	21	econometric	econometric	VERB
afbr-616	180	22	analysis	analysis	NOUN
afbr-616	180	23	of	of	ADP
afbr-616	180	24	listed	list	VERB
afbr-616	180	25	manufacturing	manufacturing	NOUN
afbr-616	180	26	firms	firm	NOUN
afbr-616	180	27	in	in	ADP
afbr-616	180	28	kenya	kenya	PROPN
afbr-616	180	29	.	.	PUNCT
afbr-616	181	1	yusof	yusof	PROPN
afbr-616	181	2	y.	y.	PROPN
afbr-616	181	3	,	,	PUNCT
afbr-616	181	4	ismail	ismail	NOUN
afbr-616	181	5	s.(2016).determinants	s.(2016).determinant	NOUN
afbr-616	181	6	of	of	ADP
afbr-616	181	7	dividend	dividend	NOUN
afbr-616	181	8	policy	policy	NOUN
afbr-616	181	9	of	of	ADP
afbr-616	181	10	public	public	ADJ
afbr-616	181	11	listed	list	VERB
afbr-616	181	12	companies	company	NOUN
afbr-616	181	13	in	in	ADP
afbr-616	181	14	malaysia	malaysia	PROPN
afbr-616	181	15	.	.	PUNCT
afbr-616	182	1	review	review	NOUN
afbr-616	182	2	of	of	ADP
afbr-616	182	3	international	international	ADJ
afbr-616	182	4	business	business	NOUN
afbr-616	182	5	and	and	CCONJ
afbr-616	182	6	strategy,26(1),88–99	strategy,26(1),88–99	NOUN
afbr-616	182	7	.	.	PUNCT
afbr-616	183	1	http://dx.doi.org/10.1108/ribs-02-2014-0030	http://dx.doi.org/10.1108/ribs-02-2014-0030	NOUN
afbr-616	183	2	abbreviations	abbreviation	NOUN
afbr-616	183	3	▪	▪	ADJ
afbr-616	183	4	earnings	earning	NOUN
afbr-616	183	5	per	per	ADP
afbr-616	183	6	share	share	NOUN
afbr-616	183	7	:	:	PUNCT
afbr-616	183	8	eps	ep	NOUN
afbr-616	183	9	;	;	PUNCT
afbr-616	183	10	▪	▪	ADJ
afbr-616	183	11	price	price	NOUN
afbr-616	183	12	earnings	earning	NOUN
afbr-616	183	13	ratio	ratio	NOUN
afbr-616	183	14	:	:	PUNCT
afbr-616	183	15	per	per	ADP
afbr-616	183	16	;	;	PUNCT
afbr-616	183	17	▪	▪	ADJ
afbr-616	183	18	return	return	NOUN
afbr-616	183	19	on	on	ADP
afbr-616	183	20	assets	asset	NOUN
afbr-616	183	21	:	:	PUNCT
afbr-616	183	22	roa	roa	NOUN
afbr-616	183	23	;	;	PUNCT
afbr-616	183	24	▪	▪	ADJ
afbr-616	183	25	return	return	NOUN
afbr-616	183	26	on	on	ADP
afbr-616	183	27	equity	equity	NOUN
afbr-616	183	28	:	:	PUNCT
afbr-616	183	29	roe	roe	NOUN
afbr-616	183	30	.	.	PUNCT
afbr-616	184	1	copyrights	copyright	VERB
afbr-616	184	2	copyright	copyright	NOUN
afbr-616	184	3	for	for	ADP
afbr-616	184	4	this	this	DET
afbr-616	184	5	article	article	NOUN
afbr-616	184	6	is	be	AUX
afbr-616	184	7	retained	retain	VERB
afbr-616	184	8	by	by	ADP
afbr-616	184	9	the	the	DET
afbr-616	184	10	author(s	author(s	PROPN
afbr-616	184	11	)	)	PUNCT
afbr-616	184	12	,	,	PUNCT
afbr-616	184	13	with	with	ADP
afbr-616	184	14	first	first	ADJ
afbr-616	184	15	publication	publication	NOUN
afbr-616	184	16	rights	right	NOUN
afbr-616	184	17	granted	grant	VERB
afbr-616	184	18	to	to	ADP
afbr-616	184	19	the	the	DET
afbr-616	184	20	journal	journal	NOUN
afbr-616	184	21	.	.	PUNCT
afbr-616	185	1	this	this	PRON
afbr-616	185	2	is	be	AUX
afbr-616	185	3	an	an	DET
afbr-616	185	4	open	open	ADJ
afbr-616	185	5	-	-	PUNCT
afbr-616	185	6	access	access	NOUN
afbr-616	185	7	article	article	NOUN
afbr-616	185	8	distributed	distribute	VERB
afbr-616	185	9	under	under	ADP
afbr-616	185	10	the	the	DET
afbr-616	185	11	terms	term	NOUN
afbr-616	185	12	and	and	CCONJ
afbr-616	185	13	conditions	condition	NOUN
afbr-616	185	14	of	of	ADP
afbr-616	185	15	the	the	DET
afbr-616	185	16	creative	creative	ADJ
afbr-616	185	17	commons	common	NOUN
afbr-616	185	18	attribution	attribution	NOUN
afbr-616	185	19	license	license	NOUN
afbr-616	185	20	(	(	PUNCT
afbr-616	185	21	http://creativecommons.org/licenses/by/4.0/	http://creativecommons.org/licenses/by/4.0/	PROPN
afbr-616	185	22	)	)	PUNCT
afbr-616	185	23	.	.	PUNCT