id	sid	tid	token	lemma	pos
afbr-72	1	1	contents	content	NOUN
afbr-72	1	2	australian	australian	ADJ
afbr-72	1	3	finance	finance	NOUN
afbr-72	1	4	&	&	CCONJ
afbr-72	1	5	banking	banking	PROPN
afbr-72	1	6	review	review	PROPN
afbr-72	1	7	vol	vol	NOUN
afbr-72	1	8	.	.	PROPN
afbr-72	2	1	1	1	NUM
afbr-72	2	2	,	,	PUNCT
afbr-72	2	3	no	no	INTJ
afbr-72	2	4	.	.	NOUN
afbr-72	2	5	1	1	NUM
afbr-72	2	6	;	;	PUNCT
afbr-72	2	7	2017	2017	NUM
afbr-72	2	8	published	publish	VERB
afbr-72	2	9	by	by	ADP
afbr-72	2	10	centre	centre	NOUN
afbr-72	2	11	for	for	ADP
afbr-72	2	12	research	research	NOUN
afbr-72	2	13	on	on	ADP
afbr-72	2	14	islamic	islamic	ADJ
afbr-72	2	15	banking	banking	PROPN
afbr-72	2	16	&	&	CCONJ
afbr-72	2	17	finance	finance	PROPN
afbr-72	2	18	and	and	CCONJ
afbr-72	2	19	business	business	NOUN
afbr-72	2	20	26	26	NUM
afbr-72	2	21	prime	prime	ADJ
afbr-72	2	22	equity	equity	NOUN
afbr-72	2	23	,	,	PUNCT
afbr-72	2	24	leveraged	leveraged	ADJ
afbr-72	2	25	structure	structure	NOUN
afbr-72	2	26	and	and	CCONJ
afbr-72	2	27	corporate	corporate	ADJ
afbr-72	2	28	earnings	earning	NOUN
afbr-72	2	29	in	in	ADP
afbr-72	2	30	nigeria	nigeria	PROPN
afbr-72	2	31	:	:	PUNCT
afbr-72	2	32	a	a	DET
afbr-72	2	33	comparative	comparative	ADJ
afbr-72	2	34	analysis	analysis	NOUN
afbr-72	2	35	lucky	lucky	ADJ
afbr-72	2	36	anyike	anyike	ADJ
afbr-72	2	37	lucky1	lucky1	PROPN
afbr-72	2	38	akobundu	akobundu	PROPN
afbr-72	2	39	charles	charles	PROPN
afbr-72	2	40	echewodo2	echewodo2	PROPN
afbr-72	3	1	1department	1department	NUM
afbr-72	3	2	of	of	ADP
afbr-72	3	3	banking	banking	NOUN
afbr-72	3	4	and	and	CCONJ
afbr-72	3	5	finance	finance	NOUN
afbr-72	3	6	,	,	PUNCT
afbr-72	3	7	rivers	river	NOUN
afbr-72	3	8	state	state	PROPN
afbr-72	3	9	university	university	PROPN
afbr-72	3	10	,	,	PUNCT
afbr-72	3	11	nigeria	nigeria	PROPN
afbr-72	4	1	2department	2department	NUM
afbr-72	4	2	of	of	ADP
afbr-72	4	3	finance	finance	NOUN
afbr-72	4	4	and	and	CCONJ
afbr-72	4	5	banking	banking	NOUN
afbr-72	4	6	,	,	PUNCT
afbr-72	4	7	university	university	NOUN
afbr-72	4	8	of	of	ADP
afbr-72	4	9	port	port	NOUN
afbr-72	4	10	-	-	PUNCT
afbr-72	4	11	harcourt	harcourt	PROPN
afbr-72	4	12	,	,	PUNCT
afbr-72	4	13	nigeria	nigeria	PROPN
afbr-72	4	14	correspondence	correspondence	NOUN
afbr-72	4	15	:	:	PUNCT
afbr-72	5	1	lucky	lucky	ADJ
afbr-72	5	2	anyike	anyike	ADJ
afbr-72	5	3	lucky	lucky	ADJ
afbr-72	5	4	,	,	PUNCT
afbr-72	5	5	department	department	NOUN
afbr-72	5	6	of	of	ADP
afbr-72	5	7	banking	banking	NOUN
afbr-72	5	8	and	and	CCONJ
afbr-72	5	9	finance	finance	NOUN
afbr-72	5	10	,	,	PUNCT
afbr-72	5	11	rivers	river	NOUN
afbr-72	5	12	state	state	PROPN
afbr-72	5	13	university	university	PROPN
afbr-72	5	14	,	,	PUNCT
afbr-72	5	15	nkpolu	nkpolu	PROPN
afbr-72	5	16	orowurokwo	orowurokwo	PROPN
afbr-72	5	17	,	,	PUNCT
afbr-72	5	18	port	port	NOUN
afbr-72	5	19	harcourt	harcourt	PROPN
afbr-72	5	20	,	,	PUNCT
afbr-72	5	21	rivers	river	NOUN
afbr-72	5	22	state	state	NOUN
afbr-72	5	23	,	,	PUNCT
afbr-72	5	24	nigeria.email	nigeria.email	NUM
afbr-72	5	25	:	:	PUNCT
afbr-72	5	26	lucky.anyike@yahoo.com	lucky.anyike@yahoo.com	X
afbr-72	5	27	received	receive	VERB
afbr-72	5	28	:	:	PUNCT
afbr-72	5	29	october	october	PROPN
afbr-72	5	30	04	04	NUM
afbr-72	5	31	,	,	PUNCT
afbr-72	5	32	2017	2017	NUM
afbr-72	5	33	accepted	accept	VERB
afbr-72	5	34	:	:	PUNCT
afbr-72	5	35	october	october	PROPN
afbr-72	5	36	09	09	NUM
afbr-72	5	37	,	,	PUNCT
afbr-72	5	38	2017	2017	NUM
afbr-72	5	39	online	online	ADV
afbr-72	5	40	published	publish	VERB
afbr-72	5	41	:	:	PUNCT
afbr-72	5	42	october	october	PROPN
afbr-72	5	43	14	14	NUM
afbr-72	5	44	,	,	PUNCT
afbr-72	5	45	2017	2017	NUM
afbr-72	5	46	abstract	abstract	ADV
afbr-72	5	47	this	this	DET
afbr-72	5	48	study	study	NOUN
afbr-72	5	49	examined	examine	VERB
afbr-72	5	50	prime	prime	ADJ
afbr-72	5	51	equity	equity	NOUN
afbr-72	5	52	,	,	PUNCT
afbr-72	5	53	leveraged	leveraged	ADJ
afbr-72	5	54	structure	structure	NOUN
afbr-72	5	55	and	and	CCONJ
afbr-72	5	56	corporate	corporate	ADJ
afbr-72	5	57	earnings	earning	NOUN
afbr-72	5	58	in	in	ADP
afbr-72	5	59	nigeria	nigeria	PROPN
afbr-72	5	60	.	.	PUNCT
afbr-72	6	1	the	the	DET
afbr-72	6	2	objective	objective	NOUN
afbr-72	6	3	was	be	AUX
afbr-72	6	4	to	to	PART
afbr-72	6	5	examine	examine	VERB
afbr-72	6	6	if	if	SCONJ
afbr-72	6	7	equity	equity	NOUN
afbr-72	6	8	value	value	NOUN
afbr-72	6	9	and	and	CCONJ
afbr-72	6	10	debt	debt	NOUN
afbr-72	6	11	equity	equity	NOUN
afbr-72	6	12	ratio	ratio	NOUN
afbr-72	6	13	have	have	VERB
afbr-72	6	14	relationship	relationship	NOUN
afbr-72	6	15	with	with	ADP
afbr-72	6	16	earnings	earning	NOUN
afbr-72	6	17	per	per	ADP
afbr-72	6	18	share	share	NOUN
afbr-72	6	19	of	of	ADP
afbr-72	6	20	quoted	quote	VERB
afbr-72	6	21	deposit	deposit	NOUN
afbr-72	6	22	money	money	NOUN
afbr-72	6	23	banks	bank	NOUN
afbr-72	6	24	.	.	PUNCT
afbr-72	7	1	earnings	earning	NOUN
afbr-72	7	2	per	per	ADP
afbr-72	7	3	share	share	NOUN
afbr-72	7	4	were	be	AUX
afbr-72	7	5	modeled	model	VERB
afbr-72	7	6	as	as	ADP
afbr-72	7	7	the	the	DET
afbr-72	7	8	function	function	NOUN
afbr-72	7	9	of	of	ADP
afbr-72	7	10	equity	equity	NOUN
afbr-72	7	11	value	value	NOUN
afbr-72	7	12	and	and	CCONJ
afbr-72	7	13	debt	debt	NOUN
afbr-72	7	14	equity	equity	NOUN
afbr-72	7	15	ratio	ratio	NOUN
afbr-72	7	16	.	.	PUNCT
afbr-72	8	1	after	after	ADP
afbr-72	8	2	cross	cross	NOUN
afbr-72	8	3	examination	examination	NOUN
afbr-72	8	4	of	of	ADP
afbr-72	8	5	the	the	DET
afbr-72	8	6	validity	validity	NOUN
afbr-72	8	7	of	of	ADP
afbr-72	8	8	the	the	DET
afbr-72	8	9	pooled	pooled	ADJ
afbr-72	8	10	effect	effect	NOUN
afbr-72	8	11	,	,	PUNCT
afbr-72	8	12	fixed	fix	VERB
afbr-72	8	13	effect	effect	NOUN
afbr-72	8	14	and	and	CCONJ
afbr-72	8	15	the	the	DET
afbr-72	8	16	random	random	ADJ
afbr-72	8	17	effect	effect	NOUN
afbr-72	8	18	,	,	PUNCT
afbr-72	8	19	the	the	DET
afbr-72	8	20	study	study	NOUN
afbr-72	8	21	accepts	accept	VERB
afbr-72	8	22	the	the	DET
afbr-72	8	23	fixed	fix	VERB
afbr-72	8	24	effect	effect	NOUN
afbr-72	8	25	model	model	NOUN
afbr-72	8	26	.	.	PUNCT
afbr-72	9	1	the	the	DET
afbr-72	9	2	study	study	NOUN
afbr-72	9	3	found	find	VERB
afbr-72	9	4	that	that	SCONJ
afbr-72	9	5	74.2	74.2	NUM
afbr-72	9	6	%	%	NOUN
afbr-72	9	7	and	and	CCONJ
afbr-72	9	8	66.7	66.7	NUM
afbr-72	9	9	%	%	NOUN
afbr-72	9	10	variation	variation	NOUN
afbr-72	9	11	on	on	ADP
afbr-72	9	12	earnings	earning	NOUN
afbr-72	9	13	per	per	ADP
afbr-72	9	14	share	share	NOUN
afbr-72	9	15	can	can	AUX
afbr-72	9	16	be	be	AUX
afbr-72	9	17	traced	trace	VERB
afbr-72	9	18	to	to	ADP
afbr-72	9	19	equity	equity	NOUN
afbr-72	9	20	value	value	NOUN
afbr-72	9	21	.	.	PUNCT
afbr-72	10	1	the	the	DET
afbr-72	10	2	β	β	PROPN
afbr-72	10	3	coefficient	coefficient	NOUN
afbr-72	10	4	indicates	indicate	VERB
afbr-72	10	5	that	that	SCONJ
afbr-72	10	6	of	of	ADP
afbr-72	10	7	equity	equity	NOUN
afbr-72	10	8	value	value	NOUN
afbr-72	10	9	has	have	VERB
afbr-72	10	10	positive	positive	ADJ
afbr-72	10	11	impact	impact	NOUN
afbr-72	10	12	on	on	ADP
afbr-72	10	13	earnings	earning	NOUN
afbr-72	10	14	per	per	ADP
afbr-72	10	15	share	share	NOUN
afbr-72	10	16	,	,	PUNCT
afbr-72	10	17	while	while	SCONJ
afbr-72	10	18	debt	debt	NOUN
afbr-72	10	19	equity	equity	NOUN
afbr-72	10	20	ratio	ratio	NOUN
afbr-72	10	21	on	on	ADP
afbr-72	10	22	of	of	ADP
afbr-72	10	23	deposit	deposit	NOUN
afbr-72	10	24	money	money	NOUN
afbr-72	10	25	banks	bank	NOUN
afbr-72	10	26	can	can	AUX
afbr-72	10	27	explain	explain	VERB
afbr-72	10	28	68.9	68.9	NUM
afbr-72	10	29	%	%	NOUN
afbr-72	10	30	and	and	CCONJ
afbr-72	10	31	59.9	59.9	NUM
afbr-72	10	32	%	%	NOUN
afbr-72	10	33	variation	variation	NOUN
afbr-72	10	34	.	.	PUNCT
afbr-72	11	1	the	the	DET
afbr-72	11	2	β	β	PROPN
afbr-72	11	3	coefficient	coefficient	NOUN
afbr-72	11	4	proves	prove	VERB
afbr-72	11	5	that	that	SCONJ
afbr-72	11	6	debt	debt	NOUN
afbr-72	11	7	equity	equity	NOUN
afbr-72	11	8	ratio	ratio	NOUN
afbr-72	11	9	have	have	VERB
afbr-72	11	10	positive	positive	ADJ
afbr-72	11	11	impact	impact	NOUN
afbr-72	11	12	on	on	ADP
afbr-72	11	13	earnings	earning	NOUN
afbr-72	11	14	per	per	ADP
afbr-72	11	15	share	share	NOUN
afbr-72	11	16	of	of	ADP
afbr-72	11	17	the	the	DET
afbr-72	11	18	quoted	quote	VERB
afbr-72	11	19	deposit	deposit	NOUN
afbr-72	11	20	money	money	NOUN
afbr-72	11	21	banks	bank	NOUN
afbr-72	11	22	.	.	PUNCT
afbr-72	12	1	from	from	ADP
afbr-72	12	2	the	the	DET
afbr-72	12	3	above	above	ADJ
afbr-72	12	4	results	result	NOUN
afbr-72	12	5	we	we	PRON
afbr-72	12	6	conclude	conclude	VERB
afbr-72	12	7	that	that	SCONJ
afbr-72	12	8	equity	equity	NOUN
afbr-72	12	9	value	value	NOUN
afbr-72	12	10	have	have	VERB
afbr-72	12	11	greater	great	ADJ
afbr-72	12	12	impact	impact	NOUN
afbr-72	12	13	on	on	ADP
afbr-72	12	14	earnings	earning	NOUN
afbr-72	12	15	per	per	ADP
afbr-72	12	16	share	share	NOUN
afbr-72	12	17	than	than	ADP
afbr-72	12	18	debt	debt	NOUN
afbr-72	12	19	equity	equity	NOUN
afbr-72	12	20	ratio	ratio	NOUN
afbr-72	12	21	.	.	PUNCT
afbr-72	13	1	we	we	PRON
afbr-72	13	2	recommend	recommend	VERB
afbr-72	13	3	that	that	SCONJ
afbr-72	13	4	management	management	NOUN
afbr-72	13	5	should	should	AUX
afbr-72	13	6	ensure	ensure	VERB
afbr-72	13	7	optimal	optimal	ADJ
afbr-72	13	8	capital	capital	NOUN
afbr-72	13	9	structure	structure	NOUN
afbr-72	13	10	of	of	ADP
afbr-72	13	11	the	the	DET
afbr-72	13	12	quoted	quote	VERB
afbr-72	13	13	deposit	deposit	NOUN
afbr-72	13	14	money	money	NOUN
afbr-72	13	15	banks	bank	NOUN
afbr-72	13	16	.	.	PUNCT
afbr-72	14	1	keywords	keyword	NOUN
afbr-72	14	2	:	:	PUNCT
afbr-72	14	3	corporate	corporate	ADJ
afbr-72	14	4	earnings	earning	NOUN
afbr-72	14	5	,	,	PUNCT
afbr-72	14	6	debt	debt	NOUN
afbr-72	14	7	equity	equity	NOUN
afbr-72	14	8	ratio	ratio	NOUN
afbr-72	14	9	,	,	PUNCT
afbr-72	14	10	leveraged	leveraged	ADJ
afbr-72	14	11	structure	structure	NOUN
afbr-72	14	12	.	.	PUNCT
afbr-72	15	1	1	1	X
afbr-72	15	2	.	.	X
afbr-72	15	3	introduction	introduction	NOUN
afbr-72	15	4	the	the	DET
afbr-72	15	5	agency	agency	NOUN
afbr-72	15	6	theory	theory	NOUN
afbr-72	15	7	formulated	formulate	VERB
afbr-72	15	8	by	by	ADP
afbr-72	15	9	jensen	jensen	PROPN
afbr-72	15	10	and	and	CCONJ
afbr-72	15	11	meckling	meckle	VERB
afbr-72	15	12	in	in	ADP
afbr-72	15	13	1973	1973	NUM
afbr-72	15	14	separate	separate	ADJ
afbr-72	15	15	the	the	DET
afbr-72	15	16	owners	owner	NOUN
afbr-72	15	17	of	of	ADP
afbr-72	15	18	the	the	DET
afbr-72	15	19	firm	firm	NOUN
afbr-72	15	20	from	from	ADP
afbr-72	15	21	the	the	DET
afbr-72	15	22	management	management	NOUN
afbr-72	15	23	.	.	PUNCT
afbr-72	16	1	the	the	DET
afbr-72	16	2	management	management	NOUN
afbr-72	16	3	entrust	entrust	VERB
afbr-72	16	4	the	the	DET
afbr-72	16	5	operation	operation	NOUN
afbr-72	16	6	of	of	ADP
afbr-72	16	7	the	the	DET
afbr-72	16	8	firm	firm	NOUN
afbr-72	16	9	with	with	ADP
afbr-72	16	10	the	the	DET
afbr-72	16	11	objective	objective	NOUN
afbr-72	16	12	of	of	ADP
afbr-72	16	13	optimizing	optimize	VERB
afbr-72	16	14	the	the	DET
afbr-72	16	15	interest	interest	NOUN
afbr-72	16	16	of	of	ADP
afbr-72	16	17	the	the	DET
afbr-72	16	18	owners	owner	NOUN
afbr-72	16	19	without	without	ADP
afbr-72	16	20	conflict	conflict	NOUN
afbr-72	16	21	of	of	ADP
afbr-72	16	22	interest	interest	NOUN
afbr-72	16	23	.	.	PUNCT
afbr-72	17	1	maximizing	maximize	VERB
afbr-72	17	2	the	the	DET
afbr-72	17	3	interest	interest	NOUN
afbr-72	17	4	of	of	ADP
afbr-72	17	5	the	the	DET
afbr-72	17	6	shareholders	shareholder	NOUN
afbr-72	17	7	is	be	AUX
afbr-72	17	8	a	a	DET
afbr-72	17	9	critical	critical	ADJ
afbr-72	17	10	management	management	NOUN
afbr-72	17	11	function	function	NOUN
afbr-72	17	12	that	that	PRON
afbr-72	17	13	requires	require	VERB
afbr-72	17	14	strategic	strategic	ADJ
afbr-72	17	15	and	and	CCONJ
afbr-72	17	16	tactical	tactical	ADJ
afbr-72	17	17	planning	planning	NOUN
afbr-72	17	18	such	such	ADJ
afbr-72	17	19	as	as	ADP
afbr-72	17	20	optimal	optimal	ADJ
afbr-72	17	21	capital	capital	NOUN
afbr-72	17	22	mix	mix	NOUN
afbr-72	17	23	.	.	PUNCT
afbr-72	18	1	corporate	corporate	ADJ
afbr-72	18	2	organizations	organization	NOUN
afbr-72	18	3	have	have	VERB
afbr-72	18	4	financial	financial	ADJ
afbr-72	18	5	goals	goal	NOUN
afbr-72	18	6	and	and	CCONJ
afbr-72	18	7	strategy	strategy	NOUN
afbr-72	18	8	which	which	PRON
afbr-72	18	9	is	be	AUX
afbr-72	18	10	the	the	DET
afbr-72	18	11	expression	expression	NOUN
afbr-72	18	12	of	of	ADP
afbr-72	18	13	a	a	DET
afbr-72	18	14	corporate	corporate	ADJ
afbr-72	18	15	mission	mission	NOUN
afbr-72	18	16	and	and	CCONJ
afbr-72	18	17	strategy	strategy	NOUN
afbr-72	18	18	that	that	PRON
afbr-72	18	19	are	be	AUX
afbr-72	18	20	determine	determine	NOUN
afbr-72	18	21	by	by	ADP
afbr-72	18	22	the	the	DET
afbr-72	18	23	long	long	ADJ
afbr-72	18	24	-	-	PUNCT
afbr-72	18	25	term	term	NOUN
afbr-72	18	26	planning	planning	NOUN
afbr-72	18	27	system	system	NOUN
afbr-72	18	28	as	as	ADP
afbr-72	18	29	a	a	DET
afbr-72	18	30	trade	trade	NOUN
afbr-72	18	31	-	-	PUNCT
afbr-72	18	32	off	off	NOUN
afbr-72	18	33	among	among	ADP
afbr-72	18	34	conflicting	conflict	VERB
afbr-72	18	35	and	and	CCONJ
afbr-72	18	36	competing	compete	VERB
afbr-72	18	37	interest	interest	NOUN
afbr-72	18	38	.	.	PUNCT
afbr-72	19	1	corporate	corporate	ADJ
afbr-72	19	2	objective	objective	NOUN
afbr-72	19	3	relates	relate	VERB
afbr-72	19	4	to	to	ADP
afbr-72	19	5	four	four	NUM
afbr-72	19	6	corporate	corporate	ADJ
afbr-72	19	7	fundamental	fundamental	ADJ
afbr-72	19	8	goals	goal	NOUN
afbr-72	19	9	of	of	ADP
afbr-72	19	10	maximizing	maximize	VERB
afbr-72	19	11	corporate	corporate	ADJ
afbr-72	19	12	profitability	profitability	NOUN
afbr-72	19	13	,	,	PUNCT
afbr-72	19	14	maximizing	maximize	VERB
afbr-72	19	15	returns	return	NOUN
afbr-72	19	16	on	on	ADP
afbr-72	19	17	investment	investment	NOUN
afbr-72	19	18	,	,	PUNCT
afbr-72	19	19	maximizing	maximize	VERB
afbr-72	19	20	corporate	corporate	ADJ
afbr-72	19	21	growth	growth	NOUN
afbr-72	19	22	and	and	CCONJ
afbr-72	19	23	availability	availability	NOUN
afbr-72	19	24	of	of	ADP
afbr-72	19	25	fund	fund	NOUN
afbr-72	19	26	(	(	PUNCT
afbr-72	19	27	pandey	pandey	PROPN
afbr-72	19	28	,	,	PUNCT
afbr-72	19	29	2005	2005	NUM
afbr-72	19	30	)	)	PUNCT
afbr-72	19	31	.	.	PUNCT
afbr-72	20	1	corporate	corporate	ADJ
afbr-72	20	2	earnings	earning	NOUN
afbr-72	20	3	are	be	AUX
afbr-72	20	4	the	the	DET
afbr-72	20	5	net	net	ADJ
afbr-72	20	6	benefits	benefit	NOUN
afbr-72	20	7	of	of	ADP
afbr-72	20	8	a	a	DET
afbr-72	20	9	corporation‟s	corporation‟s	NOUN
afbr-72	20	10	operation	operation	NOUN
afbr-72	20	11	.	.	PUNCT
afbr-72	21	1	it	it	PRON
afbr-72	21	2	is	be	AUX
afbr-72	21	3	the	the	DET
afbr-72	21	4	amount	amount	NOUN
afbr-72	21	5	on	on	ADP
afbr-72	21	6	which	which	PRON
afbr-72	21	7	corporate	corporate	ADJ
afbr-72	21	8	tax	tax	NOUN
afbr-72	21	9	is	be	AUX
afbr-72	21	10	due	due	ADJ
afbr-72	21	11	.	.	PUNCT
afbr-72	22	1	for	for	ADP
afbr-72	22	2	an	an	DET
afbr-72	22	3	analysis	analysis	NOUN
afbr-72	22	4	of	of	ADP
afbr-72	22	5	specific	specific	ADJ
afbr-72	22	6	aspects	aspect	NOUN
afbr-72	22	7	of	of	ADP
afbr-72	22	8	corporate	corporate	ADJ
afbr-72	22	9	operations	operation	NOUN
afbr-72	22	10	several	several	ADJ
afbr-72	22	11	more	more	ADV
afbr-72	22	12	specific	specific	ADJ
afbr-72	22	13	terms	term	NOUN
afbr-72	22	14	are	be	AUX
afbr-72	22	15	used	use	VERB
afbr-72	22	16	as	as	ADP
afbr-72	22	17	ebit	ebit	NOUN
afbr-72	22	18	earnings	earning	NOUN
afbr-72	22	19	before	before	ADP
afbr-72	22	20	interest	interest	NOUN
afbr-72	22	21	and	and	CCONJ
afbr-72	22	22	taxes	taxis	NOUN
afbr-72	22	23	,	,	PUNCT
afbr-72	22	24	ebitda	ebitda	NOUN
afbr-72	22	25	earnings	earning	NOUN
afbr-72	22	26	before	before	ADP
afbr-72	22	27	interest	interest	NOUN
afbr-72	22	28	,	,	PUNCT
afbr-72	22	29	taxes	taxis	NOUN
afbr-72	22	30	,	,	PUNCT
afbr-72	22	31	depreciation	depreciation	NOUN
afbr-72	22	32	,	,	PUNCT
afbr-72	22	33	and	and	CCONJ
afbr-72	22	34	amortization	amortization	NOUN
afbr-72	22	35	.	.	PUNCT
afbr-72	23	1	earnings	earning	NOUN
afbr-72	23	2	typically	typically	ADV
afbr-72	23	3	refer	refer	VERB
afbr-72	23	4	to	to	ADP
afbr-72	23	5	after	after	ADP
afbr-72	23	6	-	-	PUNCT
afbr-72	23	7	tax	tax	NOUN
afbr-72	23	8	net	net	ADJ
afbr-72	23	9	income	income	NOUN
afbr-72	23	10	.	.	PUNCT
afbr-72	24	1	earnings	earning	NOUN
afbr-72	24	2	are	be	AUX
afbr-72	24	3	the	the	DET
afbr-72	24	4	main	main	ADJ
afbr-72	24	5	determinant	determinant	NOUN
afbr-72	24	6	of	of	ADP
afbr-72	24	7	share	share	NOUN
afbr-72	24	8	price	price	NOUN
afbr-72	24	9	,	,	PUNCT
afbr-72	24	10	because	because	SCONJ
afbr-72	24	11	prime	prime	ADJ
afbr-72	24	12	equity	equity	NOUN
afbr-72	24	13	,	,	PUNCT
afbr-72	24	14	leveraged	leveraged	ADJ
afbr-72	24	15	structure	structure	NOUN
afbr-72	24	16	and	and	CCONJ
afbr-72	24	17	corporate	corporate	ADJ
afbr-72	24	18	earnings	earning	NOUN
afbr-72	24	19	in	in	ADP
afbr-72	24	20	nigeria	nigeria	PROPN
afbr-72	24	21	:	:	PUNCT
afbr-72	24	22	a	a	DET
afbr-72	24	23	comparative	comparative	ADJ
afbr-72	24	24	analysis	analysis	NOUN
afbr-72	24	25	lucky	lucky	ADJ
afbr-72	24	26	anyike	anyike	ADP
afbr-72	24	27	lucky	lucky	ADJ
afbr-72	24	28	and	and	CCONJ
afbr-72	24	29	akobundu	akobundu	ADJ
afbr-72	24	30	charles	charle	NOUN
afbr-72	24	31	echewodo	echewodo	NOUN
afbr-72	24	32	27	27	NUM
afbr-72	24	33	earnings	earning	NOUN
afbr-72	24	34	and	and	CCONJ
afbr-72	24	35	the	the	DET
afbr-72	24	36	circumstances	circumstance	NOUN
afbr-72	24	37	relating	relate	VERB
afbr-72	24	38	to	to	ADP
afbr-72	24	39	them	they	PRON
afbr-72	24	40	can	can	AUX
afbr-72	24	41	indicate	indicate	VERB
afbr-72	24	42	whether	whether	SCONJ
afbr-72	24	43	the	the	DET
afbr-72	24	44	business	business	NOUN
afbr-72	24	45	corporate	corporate	ADJ
afbr-72	24	46	firms	firm	NOUN
afbr-72	24	47	are	be	AUX
afbr-72	24	48	profitable	profitable	ADJ
afbr-72	24	49	and	and	CCONJ
afbr-72	24	50	successful	successful	ADJ
afbr-72	24	51	in	in	ADP
afbr-72	24	52	the	the	DET
afbr-72	24	53	long	long	ADJ
afbr-72	24	54	run	run	NOUN
afbr-72	24	55	.	.	PUNCT
afbr-72	25	1	earnings	earning	NOUN
afbr-72	25	2	are	be	AUX
afbr-72	25	3	perhaps	perhaps	ADV
afbr-72	25	4	the	the	DET
afbr-72	25	5	single	single	ADJ
afbr-72	25	6	most	most	ADV
afbr-72	25	7	studied	study	VERB
afbr-72	25	8	number	number	NOUN
afbr-72	25	9	in	in	ADP
afbr-72	25	10	a	a	DET
afbr-72	25	11	company	company	NOUN
afbr-72	25	12	's	's	PART
afbr-72	25	13	financial	financial	ADJ
afbr-72	25	14	statements	statement	NOUN
afbr-72	25	15	,	,	PUNCT
afbr-72	25	16	because	because	SCONJ
afbr-72	25	17	they	they	PRON
afbr-72	25	18	show	show	VERB
afbr-72	25	19	a	a	DET
afbr-72	25	20	company	company	NOUN
afbr-72	25	21	's	's	PART
afbr-72	25	22	profitability	profitability	NOUN
afbr-72	25	23	compared	compare	VERB
afbr-72	25	24	to	to	ADP
afbr-72	25	25	analyst	analyst	NOUN
afbr-72	25	26	estimates	estimate	NOUN
afbr-72	25	27	and	and	CCONJ
afbr-72	25	28	company	company	NOUN
afbr-72	25	29	guidance	guidance	NOUN
afbr-72	25	30	.	.	PUNCT
afbr-72	26	1	corporate	corporate	ADJ
afbr-72	26	2	earnings	earning	NOUN
afbr-72	26	3	are	be	AUX
afbr-72	26	4	studied	study	VERB
afbr-72	26	5	because	because	SCONJ
afbr-72	26	6	they	they	PRON
afbr-72	26	7	represent	represent	VERB
afbr-72	26	8	a	a	DET
afbr-72	26	9	direct	direct	ADJ
afbr-72	26	10	link	link	NOUN
afbr-72	26	11	to	to	ADP
afbr-72	26	12	company	company	NOUN
afbr-72	26	13	performance	performance	NOUN
afbr-72	26	14	.	.	PUNCT
afbr-72	27	1	earnings	earning	NOUN
afbr-72	27	2	per	per	ADP
afbr-72	27	3	share	share	NOUN
afbr-72	27	4	are	be	AUX
afbr-72	27	5	a	a	DET
afbr-72	27	6	commonly	commonly	ADV
afbr-72	27	7	cited	cite	VERB
afbr-72	27	8	ratio	ratio	NOUN
afbr-72	27	9	used	use	VERB
afbr-72	27	10	to	to	PART
afbr-72	27	11	show	show	VERB
afbr-72	27	12	the	the	DET
afbr-72	27	13	company	company	NOUN
afbr-72	27	14	's	's	PART
afbr-72	27	15	profitability	profitability	NOUN
afbr-72	27	16	on	on	ADP
afbr-72	27	17	a	a	DET
afbr-72	27	18	per	per	ADP
afbr-72	27	19	-	-	PUNCT
afbr-72	27	20	share	share	NOUN
afbr-72	27	21	basis	basis	NOUN
afbr-72	27	22	.	.	PUNCT
afbr-72	28	1	it	it	PRON
afbr-72	28	2	is	be	AUX
afbr-72	28	3	also	also	ADV
afbr-72	28	4	commonly	commonly	ADV
afbr-72	28	5	used	use	VERB
afbr-72	28	6	in	in	ADP
afbr-72	28	7	relative	relative	ADJ
afbr-72	28	8	valuation	valuation	NOUN
afbr-72	28	9	measures	measure	NOUN
afbr-72	28	10	such	such	ADJ
afbr-72	28	11	as	as	ADP
afbr-72	28	12	the	the	DET
afbr-72	28	13	price	price	NOUN
afbr-72	28	14	-	-	PUNCT
afbr-72	28	15	to	to	ADP
afbr-72	28	16	-	-	PUNCT
afbr-72	28	17	earnings	earning	NOUN
afbr-72	28	18	ratio	ratio	NOUN
afbr-72	28	19	.	.	PUNCT
afbr-72	29	1	the	the	DET
afbr-72	29	2	price	price	NOUN
afbr-72	29	3	-	-	PUNCT
afbr-72	29	4	to	to	ADP
afbr-72	29	5	-	-	PUNCT
afbr-72	29	6	earnings	earning	NOUN
afbr-72	29	7	ratio	ratio	NOUN
afbr-72	29	8	,	,	PUNCT
afbr-72	29	9	calculated	calculate	VERB
afbr-72	29	10	as	as	ADP
afbr-72	29	11	price	price	NOUN
afbr-72	29	12	divided	divide	VERB
afbr-72	29	13	by	by	ADP
afbr-72	29	14	earnings	earning	NOUN
afbr-72	29	15	per	per	ADP
afbr-72	29	16	share	share	NOUN
afbr-72	29	17	,	,	PUNCT
afbr-72	29	18	is	be	AUX
afbr-72	29	19	primarily	primarily	ADV
afbr-72	29	20	used	use	VERB
afbr-72	29	21	to	to	PART
afbr-72	29	22	find	find	VERB
afbr-72	29	23	relative	relative	ADJ
afbr-72	29	24	values	value	NOUN
afbr-72	29	25	for	for	ADP
afbr-72	29	26	the	the	DET
afbr-72	29	27	earnings	earning	NOUN
afbr-72	29	28	of	of	ADP
afbr-72	29	29	companies	company	NOUN
afbr-72	29	30	in	in	ADP
afbr-72	29	31	the	the	DET
afbr-72	29	32	same	same	ADJ
afbr-72	29	33	industry	industry	NOUN
afbr-72	29	34	.	.	PUNCT
afbr-72	30	1	a	a	DET
afbr-72	30	2	company	company	NOUN
afbr-72	30	3	with	with	ADP
afbr-72	30	4	a	a	DET
afbr-72	30	5	high	high	ADJ
afbr-72	30	6	price	price	NOUN
afbr-72	30	7	compared	compare	VERB
afbr-72	30	8	to	to	ADP
afbr-72	30	9	the	the	DET
afbr-72	30	10	earnings	earning	NOUN
afbr-72	30	11	it	it	PRON
afbr-72	30	12	makes	make	VERB
afbr-72	30	13	is	be	AUX
afbr-72	30	14	considered	consider	VERB
afbr-72	30	15	overvalued	overvalued	ADJ
afbr-72	30	16	.	.	PUNCT
afbr-72	31	1	however	however	ADV
afbr-72	31	2	,	,	PUNCT
afbr-72	31	3	a	a	DET
afbr-72	31	4	company	company	NOUN
afbr-72	31	5	with	with	ADP
afbr-72	31	6	a	a	DET
afbr-72	31	7	low	low	ADJ
afbr-72	31	8	price	price	NOUN
afbr-72	31	9	compared	compare	VERB
afbr-72	31	10	to	to	ADP
afbr-72	31	11	the	the	DET
afbr-72	31	12	earnings	earning	NOUN
afbr-72	31	13	it	it	PRON
afbr-72	31	14	makes	make	VERB
afbr-72	31	15	is	be	AUX
afbr-72	31	16	undervalued	undervalue	VERB
afbr-72	31	17	.	.	PUNCT
afbr-72	32	1	corporate	corporate	ADJ
afbr-72	32	2	earnings	earning	NOUN
afbr-72	32	3	is	be	AUX
afbr-72	32	4	mainly	mainly	ADV
afbr-72	32	5	determine	determine	NOUN
afbr-72	32	6	by	by	ADP
afbr-72	32	7	management	management	NOUN
afbr-72	32	8	factors	factor	NOUN
afbr-72	32	9	such	such	ADJ
afbr-72	32	10	as	as	ADP
afbr-72	32	11	debt	debt	NOUN
afbr-72	32	12	equity	equity	NOUN
afbr-72	32	13	ratio	ratio	NOUN
afbr-72	32	14	,	,	PUNCT
afbr-72	32	15	the	the	DET
afbr-72	32	16	market	market	NOUN
afbr-72	32	17	value	value	NOUN
afbr-72	32	18	of	of	ADP
afbr-72	32	19	equity	equity	NOUN
afbr-72	32	20	,	,	PUNCT
afbr-72	32	21	profitability	profitability	NOUN
afbr-72	32	22	,	,	PUNCT
afbr-72	32	23	composition	composition	NOUN
afbr-72	32	24	of	of	ADP
afbr-72	32	25	assets	asset	NOUN
afbr-72	32	26	,	,	PUNCT
afbr-72	32	27	investment	investment	NOUN
afbr-72	32	28	and	and	CCONJ
afbr-72	32	29	dividend	dividend	NOUN
afbr-72	32	30	policies	policy	NOUN
afbr-72	32	31	(	(	PUNCT
afbr-72	32	32	anyamobi	anyamobi	NOUN
afbr-72	32	33	and	and	CCONJ
afbr-72	32	34	lucky	lucky	ADJ
afbr-72	32	35	,	,	PUNCT
afbr-72	32	36	2017).debt	2017).debt	NUM
afbr-72	32	37	and	and	CCONJ
afbr-72	32	38	equity	equity	NOUN
afbr-72	32	39	are	be	AUX
afbr-72	32	40	the	the	DET
afbr-72	32	41	two	two	NUM
afbr-72	32	42	major	major	ADJ
afbr-72	32	43	classes	class	NOUN
afbr-72	32	44	of	of	ADP
afbr-72	32	45	liabilities	liability	NOUN
afbr-72	32	46	,	,	PUNCT
afbr-72	32	47	with	with	ADP
afbr-72	32	48	debt	debt	NOUN
afbr-72	32	49	holders	holder	NOUN
afbr-72	32	50	and	and	CCONJ
afbr-72	32	51	equity	equity	NOUN
afbr-72	32	52	holders	holder	NOUN
afbr-72	32	53	representing	represent	VERB
afbr-72	32	54	the	the	DET
afbr-72	32	55	two	two	NUM
afbr-72	32	56	types	type	NOUN
afbr-72	32	57	of	of	ADP
afbr-72	32	58	investors	investor	NOUN
afbr-72	32	59	in	in	ADP
afbr-72	32	60	the	the	DET
afbr-72	32	61	firm	firm	NOUN
afbr-72	32	62	.	.	PUNCT
afbr-72	33	1	each	each	PRON
afbr-72	33	2	of	of	ADP
afbr-72	33	3	these	these	PRON
afbr-72	33	4	is	be	AUX
afbr-72	33	5	associated	associate	VERB
afbr-72	33	6	with	with	ADP
afbr-72	33	7	different	different	ADJ
afbr-72	33	8	levels	level	NOUN
afbr-72	33	9	of	of	ADP
afbr-72	33	10	risk	risk	NOUN
afbr-72	33	11	,	,	PUNCT
afbr-72	33	12	benefits	benefit	NOUN
afbr-72	33	13	,	,	PUNCT
afbr-72	33	14	and	and	CCONJ
afbr-72	33	15	control	control	NOUN
afbr-72	33	16	.	.	PUNCT
afbr-72	34	1	while	while	SCONJ
afbr-72	34	2	debt	debt	NOUN
afbr-72	34	3	holders	holder	NOUN
afbr-72	34	4	exert	exert	VERB
afbr-72	34	5	lower	low	ADJ
afbr-72	34	6	control	control	NOUN
afbr-72	34	7	,	,	PUNCT
afbr-72	34	8	they	they	PRON
afbr-72	34	9	earn	earn	VERB
afbr-72	34	10	a	a	DET
afbr-72	34	11	fixed	fix	VERB
afbr-72	34	12	rate	rate	NOUN
afbr-72	34	13	of	of	ADP
afbr-72	34	14	return	return	NOUN
afbr-72	34	15	and	and	CCONJ
afbr-72	34	16	are	be	AUX
afbr-72	34	17	protected	protect	VERB
afbr-72	34	18	by	by	ADP
afbr-72	34	19	contractual	contractual	ADJ
afbr-72	34	20	obligations	obligation	NOUN
afbr-72	34	21	with	with	ADP
afbr-72	34	22	respect	respect	NOUN
afbr-72	34	23	to	to	ADP
afbr-72	34	24	their	their	PRON
afbr-72	34	25	investment	investment	NOUN
afbr-72	34	26	.	.	PUNCT
afbr-72	35	1	equity	equity	NOUN
afbr-72	35	2	holders	holder	NOUN
afbr-72	35	3	are	be	AUX
afbr-72	35	4	the	the	DET
afbr-72	35	5	residual	residual	ADJ
afbr-72	35	6	claimants	claimant	NOUN
afbr-72	35	7	,	,	PUNCT
afbr-72	35	8	bearing	bear	VERB
afbr-72	35	9	most	most	ADJ
afbr-72	35	10	of	of	ADP
afbr-72	35	11	the	the	DET
afbr-72	35	12	risk	risk	NOUN
afbr-72	35	13	,	,	PUNCT
afbr-72	35	14	and	and	CCONJ
afbr-72	35	15	,	,	PUNCT
afbr-72	35	16	correspondingly	correspondingly	ADV
afbr-72	35	17	,	,	PUNCT
afbr-72	35	18	have	have	VERB
afbr-72	35	19	greater	great	ADJ
afbr-72	35	20	control	control	NOUN
afbr-72	35	21	over	over	ADP
afbr-72	35	22	decisions	decision	NOUN
afbr-72	35	23	.	.	PUNCT
afbr-72	36	1	the	the	DET
afbr-72	36	2	classical	classical	ADJ
afbr-72	36	3	opinion	opinion	NOUN
afbr-72	36	4	such	such	ADJ
afbr-72	36	5	as	as	ADP
afbr-72	36	6	gordons	gordon	NOUN
afbr-72	36	7	(	(	PUNCT
afbr-72	36	8	1959	1959	NUM
afbr-72	36	9	)	)	PUNCT
afbr-72	36	10	opined	opine	VERB
afbr-72	36	11	that	that	SCONJ
afbr-72	36	12	micro	micro	ADJ
afbr-72	36	13	forces	force	NOUN
afbr-72	36	14	such	such	ADJ
afbr-72	36	15	as	as	ADP
afbr-72	36	16	profitability	profitability	NOUN
afbr-72	36	17	level	level	NOUN
afbr-72	36	18	of	of	ADP
afbr-72	36	19	a	a	DET
afbr-72	36	20	firm	firm	NOUN
afbr-72	36	21	are	be	AUX
afbr-72	36	22	an	an	DET
afbr-72	36	23	indicator	indicator	NOUN
afbr-72	36	24	that	that	SCONJ
afbr-72	36	25	the	the	DET
afbr-72	36	26	firm	firm	NOUN
afbr-72	36	27	is	be	AUX
afbr-72	36	28	capable	capable	ADJ
afbr-72	36	29	of	of	ADP
afbr-72	36	30	adding	add	VERB
afbr-72	36	31	value	value	NOUN
afbr-72	36	32	shareholders	shareholder	NOUN
afbr-72	36	33	(	(	PUNCT
afbr-72	36	34	lintner	lintner	NOUN
afbr-72	36	35	,	,	PUNCT
afbr-72	36	36	1956	1956	NUM
afbr-72	36	37	)	)	PUNCT
afbr-72	36	38	.	.	PUNCT
afbr-72	37	1	the	the	DET
afbr-72	37	2	classical	classical	ADJ
afbr-72	37	3	models	model	NOUN
afbr-72	37	4	of	of	ADP
afbr-72	37	5	financial	financial	ADJ
afbr-72	37	6	evaluation	evaluation	NOUN
afbr-72	37	7	indicate	indicate	VERB
afbr-72	37	8	that	that	SCONJ
afbr-72	37	9	capital	capital	NOUN
afbr-72	37	10	structure	structure	NOUN
afbr-72	37	11	like	like	ADP
afbr-72	37	12	the	the	DET
afbr-72	37	13	dividend	dividend	NOUN
afbr-72	37	14	policy	policy	NOUN
afbr-72	37	15	is	be	AUX
afbr-72	37	16	important	important	ADJ
afbr-72	37	17	,	,	PUNCT
afbr-72	37	18	since	since	SCONJ
afbr-72	37	19	optimal	optimal	ADJ
afbr-72	37	20	capital	capital	NOUN
afbr-72	37	21	mix	mix	NOUN
afbr-72	37	22	effect	effect	NOUN
afbr-72	37	23	the	the	DET
afbr-72	37	24	value	value	NOUN
afbr-72	37	25	of	of	ADP
afbr-72	37	26	the	the	DET
afbr-72	37	27	corporate	corporate	ADJ
afbr-72	37	28	firm	firm	NOUN
afbr-72	37	29	.	.	PUNCT
afbr-72	38	1	it	it	PRON
afbr-72	38	2	is	be	AUX
afbr-72	38	3	used	use	VERB
afbr-72	38	4	as	as	ADP
afbr-72	38	5	financial	financial	ADJ
afbr-72	38	6	signaling	signal	VERB
afbr-72	38	7	to	to	ADP
afbr-72	38	8	outsiders	outsider	NOUN
afbr-72	38	9	regarding	regard	VERB
afbr-72	38	10	the	the	DET
afbr-72	38	11	stability	stability	NOUN
afbr-72	38	12	and	and	CCONJ
afbr-72	38	13	growth	growth	NOUN
afbr-72	38	14	prospects	prospect	NOUN
afbr-72	38	15	of	of	ADP
afbr-72	38	16	the	the	DET
afbr-72	38	17	firm	firm	NOUN
afbr-72	38	18	(	(	PUNCT
afbr-72	38	19	ross	ross	PROPN
afbr-72	38	20	,	,	PUNCT
afbr-72	38	21	1977	1977	NUM
afbr-72	38	22	)	)	PUNCT
afbr-72	38	23	.	.	PUNCT
afbr-72	39	1	capital	capital	NOUN
afbr-72	39	2	structure	structure	NOUN
afbr-72	39	3	is	be	AUX
afbr-72	39	4	the	the	DET
afbr-72	39	5	mix	mix	NOUN
afbr-72	39	6	of	of	ADP
afbr-72	39	7	the	the	DET
afbr-72	39	8	sources	source	NOUN
afbr-72	39	9	of	of	ADP
afbr-72	39	10	finances	finance	NOUN
afbr-72	39	11	that	that	PRON
afbr-72	39	12	is	be	AUX
afbr-72	39	13	used	use	VERB
afbr-72	39	14	by	by	ADP
afbr-72	39	15	the	the	DET
afbr-72	39	16	firms	firm	NOUN
afbr-72	39	17	to	to	PART
afbr-72	39	18	finance	finance	VERB
afbr-72	39	19	their	their	PRON
afbr-72	39	20	operations	operation	NOUN
afbr-72	39	21	and	and	CCONJ
afbr-72	39	22	assets	asset	NOUN
afbr-72	39	23	(	(	PUNCT
afbr-72	39	24	modigliani	modigliani	PROPN
afbr-72	39	25	&	&	CCONJ
afbr-72	39	26	miller	miller	PROPN
afbr-72	39	27	,	,	PUNCT
afbr-72	39	28	1958	1958	NUM
afbr-72	39	29	)	)	PUNCT
afbr-72	39	30	.	.	PUNCT
afbr-72	40	1	the	the	DET
afbr-72	40	2	debt	debt	NOUN
afbr-72	40	3	-	-	PUNCT
afbr-72	40	4	to	to	ADP
afbr-72	40	5	-	-	PUNCT
afbr-72	40	6	equity	equity	NOUN
afbr-72	40	7	ratio	ratio	NOUN
afbr-72	40	8	of	of	ADP
afbr-72	40	9	a	a	DET
afbr-72	40	10	firm	firm	NOUN
afbr-72	40	11	determines	determine	VERB
afbr-72	40	12	how	how	SCONJ
afbr-72	40	13	cash	cash	NOUN
afbr-72	40	14	flows	flow	NOUN
afbr-72	40	15	will	will	AUX
afbr-72	40	16	be	be	AUX
afbr-72	40	17	shared	share	VERB
afbr-72	40	18	between	between	ADP
afbr-72	40	19	debt	debt	NOUN
afbr-72	40	20	holders	holder	NOUN
afbr-72	40	21	and	and	CCONJ
afbr-72	40	22	equity	equity	NOUN
afbr-72	40	23	holders	holder	NOUN
afbr-72	40	24	the	the	DET
afbr-72	40	25	justification	justification	NOUN
afbr-72	40	26	of	of	ADP
afbr-72	40	27	financial	financial	ADJ
afbr-72	40	28	leverage	leverage	NOUN
afbr-72	40	29	existence	existence	NOUN
afbr-72	40	30	is	be	AUX
afbr-72	40	31	project	project	NOUN
afbr-72	40	32	earnings	earning	NOUN
afbr-72	40	33	achievement	achievement	NOUN
afbr-72	40	34	before	before	ADP
afbr-72	40	35	interest	interest	NOUN
afbr-72	40	36	and	and	CCONJ
afbr-72	40	37	taxes	taxis	NOUN
afbr-72	40	38	higher	high	ADJ
afbr-72	40	39	than	than	ADP
afbr-72	40	40	the	the	DET
afbr-72	40	41	cost	cost	NOUN
afbr-72	40	42	of	of	ADP
afbr-72	40	43	funding	funding	NOUN
afbr-72	40	44	and	and	CCONJ
afbr-72	40	45	the	the	DET
afbr-72	40	46	increase	increase	NOUN
afbr-72	40	47	or	or	CCONJ
afbr-72	40	48	decrease	decrease	NOUN
afbr-72	40	49	in	in	ADP
afbr-72	40	50	operating	operate	VERB
afbr-72	40	51	profits	profit	NOUN
afbr-72	40	52	financing	financing	NOUN
afbr-72	40	53	cost	cost	NOUN
afbr-72	40	54	will	will	AUX
afbr-72	40	55	lead	lead	VERB
afbr-72	40	56	to	to	ADP
afbr-72	40	57	an	an	DET
afbr-72	40	58	increase	increase	NOUN
afbr-72	40	59	or	or	CCONJ
afbr-72	40	60	decrease	decrease	NOUN
afbr-72	40	61	in	in	ADP
afbr-72	40	62	return	return	NOUN
afbr-72	40	63	on	on	ADP
afbr-72	40	64	equity	equity	NOUN
afbr-72	40	65	.	.	PUNCT
afbr-72	41	1	corporate	corporate	ADJ
afbr-72	41	2	firms	firm	NOUN
afbr-72	41	3	can	can	AUX
afbr-72	41	4	reduce	reduce	VERB
afbr-72	41	5	leverage	leverage	NOUN
afbr-72	41	6	level	level	NOUN
afbr-72	41	7	in	in	ADP
afbr-72	41	8	order	order	NOUN
afbr-72	41	9	to	to	PART
afbr-72	41	10	reduce	reduce	VERB
afbr-72	41	11	the	the	DET
afbr-72	41	12	risk	risk	NOUN
afbr-72	41	13	level	level	NOUN
afbr-72	41	14	or	or	CCONJ
afbr-72	41	15	because	because	SCONJ
afbr-72	41	16	of	of	ADP
afbr-72	41	17	unwillingness	unwillingness	NOUN
afbr-72	41	18	in	in	ADP
afbr-72	41	19	adopting	adopt	VERB
afbr-72	41	20	compressed	compress	VERB
afbr-72	41	21	financial	financial	ADJ
afbr-72	41	22	policy	policy	NOUN
afbr-72	41	23	in	in	ADP
afbr-72	41	24	order	order	NOUN
afbr-72	41	25	commit	commit	VERB
afbr-72	41	26	toward	toward	ADP
afbr-72	41	27	debt	debt	NOUN
afbr-72	41	28	holder	holder	NOUN
afbr-72	41	29	(	(	PUNCT
afbr-72	41	30	jensen	jensen	PROPN
afbr-72	41	31	,	,	PUNCT
afbr-72	41	32	1986	1986	NUM
afbr-72	41	33	)	)	PUNCT
afbr-72	41	34	.	.	PUNCT
afbr-72	42	1	while	while	SCONJ
afbr-72	42	2	there	there	PRON
afbr-72	42	3	are	be	VERB
afbr-72	42	4	many	many	ADJ
afbr-72	42	5	studies	study	NOUN
afbr-72	42	6	that	that	PRON
afbr-72	42	7	have	have	AUX
afbr-72	42	8	dealt	deal	VERB
afbr-72	42	9	with	with	ADP
afbr-72	42	10	the	the	DET
afbr-72	42	11	problem	problem	NOUN
afbr-72	42	12	of	of	ADP
afbr-72	42	13	capital	capital	NOUN
afbr-72	42	14	structure	structure	NOUN
afbr-72	42	15	and	and	CCONJ
afbr-72	42	16	corporate	corporate	ADJ
afbr-72	42	17	performance	performance	NOUN
afbr-72	42	18	(	(	PUNCT
afbr-72	42	19	akani	akani	NOUN
afbr-72	42	20	and	and	CCONJ
afbr-72	42	21	lucky	lucky	ADJ
afbr-72	42	22	,	,	PUNCT
afbr-72	42	23	2016	2016	NUM
afbr-72	42	24	,	,	PUNCT
afbr-72	42	25	ujah	ujah	PRON
afbr-72	42	26	and	and	CCONJ
afbr-72	42	27	brusa	brusa	PROPN
afbr-72	42	28	,	,	PUNCT
afbr-72	42	29	2013	2013	NUM
afbr-72	42	30	,	,	PUNCT
afbr-72	42	31	innocent	innocent	ADJ
afbr-72	42	32	et	et	PROPN
afbr-72	42	33	al	al	PROPN
afbr-72	42	34	,	,	PUNCT
afbr-72	42	35	2014	2014	NUM
afbr-72	42	36	,	,	PUNCT
afbr-72	42	37	david	david	PROPN
afbr-72	42	38	and	and	CCONJ
afbr-72	42	39	olorunfemi	olorunfemi	NOUN
afbr-72	42	40	,	,	PUNCT
afbr-72	42	41	2010	2010	NUM
afbr-72	42	42	)	)	PUNCT
afbr-72	42	43	,	,	PUNCT
afbr-72	42	44	there	there	PRON
afbr-72	42	45	are	be	VERB
afbr-72	42	46	limited	limited	ADJ
afbr-72	42	47	studies	study	NOUN
afbr-72	42	48	of	of	ADP
afbr-72	42	49	citable	citable	ADJ
afbr-72	42	50	significant	significant	ADJ
afbr-72	42	51	that	that	PRON
afbr-72	42	52	include	include	VERB
afbr-72	42	53	prime	prime	ADJ
afbr-72	42	54	equity	equity	NOUN
afbr-72	42	55	and	and	CCONJ
afbr-72	42	56	corporate	corporate	ADJ
afbr-72	42	57	earnings	earning	NOUN
afbr-72	42	58	in	in	ADP
afbr-72	42	59	deposit	deposit	NOUN
afbr-72	42	60	money	money	NOUN
afbr-72	42	61	banks	bank	NOUN
afbr-72	42	62	in	in	ADP
afbr-72	42	63	nigeria	nigeria	PROPN
afbr-72	42	64	,	,	PUNCT
afbr-72	42	65	therefore	therefore	ADV
afbr-72	42	66	this	this	DET
afbr-72	42	67	study	study	NOUN
afbr-72	42	68	intend	intend	VERB
afbr-72	42	69	to	to	PART
afbr-72	42	70	examine	examine	VERB
afbr-72	42	71	prime	prime	ADJ
afbr-72	42	72	equity	equity	NOUN
afbr-72	42	73	,	,	PUNCT
afbr-72	42	74	leverage	leverage	NOUN
afbr-72	42	75	structure	structure	NOUN
afbr-72	42	76	and	and	CCONJ
afbr-72	42	77	corporate	corporate	ADJ
afbr-72	42	78	earnings	earning	NOUN
afbr-72	42	79	with	with	ADP
afbr-72	42	80	focus	focus	NOUN
afbr-72	42	81	on	on	ADP
afbr-72	42	82	quoted	quote	VERB
afbr-72	42	83	deposit	deposit	NOUN
afbr-72	42	84	money	money	NOUN
afbr-72	42	85	banks	bank	NOUN
afbr-72	42	86	in	in	ADP
afbr-72	42	87	nigeria	nigeria	PROPN
afbr-72	42	88	.	.	PUNCT
afbr-72	43	1	apart	apart	ADV
afbr-72	43	2	from	from	ADP
afbr-72	43	3	section	section	NOUN
afbr-72	43	4	one	one	NUM
afbr-72	43	5	above	above	ADV
afbr-72	43	6	,	,	PUNCT
afbr-72	43	7	section	section	NOUN
afbr-72	43	8	two	two	NUM
afbr-72	43	9	focuses	focus	VERB
afbr-72	43	10	on	on	ADP
afbr-72	43	11	both	both	CCONJ
afbr-72	43	12	theoretical	theoretical	ADJ
afbr-72	43	13	and	and	CCONJ
afbr-72	43	14	empirical	empirical	ADJ
afbr-72	43	15	review	review	NOUN
afbr-72	43	16	of	of	ADP
afbr-72	43	17	related	related	ADJ
afbr-72	43	18	literature	literature	NOUN
afbr-72	43	19	,	,	PUNCT
afbr-72	43	20	section	section	NOUN
afbr-72	43	21	three	three	NUM
afbr-72	43	22	deals	deal	NOUN
afbr-72	43	23	with	with	ADP
afbr-72	43	24	the	the	DET
afbr-72	43	25	research	research	NOUN
afbr-72	43	26	methodology	methodology	NOUN
afbr-72	43	27	.	.	PUNCT
afbr-72	44	1	section	section	NOUN
afbr-72	44	2	four	four	NUM
afbr-72	44	3	deals	deal	NOUN
afbr-72	44	4	with	with	ADP
afbr-72	44	5	the	the	DET
afbr-72	44	6	data	data	NOUN
afbr-72	44	7	analysis	analysis	NOUN
afbr-72	44	8	and	and	CCONJ
afbr-72	44	9	presentation	presentation	NOUN
afbr-72	44	10	and	and	CCONJ
afbr-72	44	11	the	the	DET
afbr-72	44	12	fifth	fifth	ADJ
afbr-72	44	13	section	section	NOUN
afbr-72	44	14	contain	contain	VERB
afbr-72	44	15	the	the	DET
afbr-72	44	16	conclusion	conclusion	NOUN
afbr-72	44	17	and	and	CCONJ
afbr-72	44	18	recommendations	recommendation	NOUN
afbr-72	44	19	from	from	ADP
afbr-72	44	20	the	the	DET
afbr-72	44	21	findings	finding	NOUN
afbr-72	44	22	.	.	PUNCT
afbr-72	45	1	2	2	X
afbr-72	45	2	.	.	X
afbr-72	45	3	literature	literature	NOUN
afbr-72	45	4	review	review	VERB
afbr-72	45	5	2.1	2.1	NUM
afbr-72	45	6	financial	financial	ADJ
afbr-72	45	7	leverage	leverage	NOUN
afbr-72	45	8	financial	financial	ADJ
afbr-72	45	9	leverage	leverage	NOUN
afbr-72	45	10	is	be	AUX
afbr-72	45	11	a	a	DET
afbr-72	45	12	measure	measure	NOUN
afbr-72	45	13	of	of	ADP
afbr-72	45	14	how	how	SCONJ
afbr-72	45	15	much	much	ADJ
afbr-72	45	16	firm	firm	NOUN
afbr-72	45	17	uses	use	VERB
afbr-72	45	18	equity	equity	NOUN
afbr-72	45	19	and	and	CCONJ
afbr-72	45	20	debt	debt	NOUN
afbr-72	45	21	to	to	PART
afbr-72	45	22	finance	finance	VERB
afbr-72	45	23	its	its	PRON
afbr-72	45	24	assets	asset	NOUN
afbr-72	45	25	.	.	PUNCT
afbr-72	46	1	as	as	ADP
afbr-72	46	2	debt	debt	NOUN
afbr-72	46	3	increases	increase	NOUN
afbr-72	46	4	,	,	PUNCT
afbr-72	46	5	financial	financial	ADJ
afbr-72	46	6	leverage	leverage	NOUN
afbr-72	46	7	increases	increase	NOUN
afbr-72	46	8	.	.	PUNCT
afbr-72	47	1	management	management	NOUN
afbr-72	47	2	tends	tend	VERB
afbr-72	47	3	to	to	PART
afbr-72	47	4	prefer	prefer	VERB
afbr-72	47	5	equity	equity	NOUN
afbr-72	47	6	financing	financing	NOUN
afbr-72	47	7	over	over	ADP
afbr-72	47	8	debt	debt	NOUN
afbr-72	47	9	since	since	SCONJ
afbr-72	47	10	it	it	PRON
afbr-72	47	11	carries	carry	VERB
afbr-72	47	12	less	less	ADJ
afbr-72	47	13	risk	risk	NOUN
afbr-72	47	14	(	(	PUNCT
afbr-72	47	15	matt	matt	PROPN
afbr-72	47	16	,	,	PUNCT
afbr-72	47	17	2000	2000	NUM
afbr-72	47	18	)	)	PUNCT
afbr-72	47	19	.	.	PUNCT
afbr-72	48	1	financial	financial	ADJ
afbr-72	48	2	leverage	leverage	NOUN
afbr-72	48	3	takes	take	VERB
afbr-72	48	4	the	the	DET
afbr-72	48	5	form	form	NOUN
afbr-72	48	6	of	of	ADP
afbr-72	48	7	a	a	DET
afbr-72	48	8	loan	loan	NOUN
afbr-72	48	9	or	or	CCONJ
afbr-72	48	10	other	other	ADJ
afbr-72	48	11	borrowing	borrowing	NOUN
afbr-72	48	12	(	(	PUNCT
afbr-72	48	13	debt	debt	NOUN
afbr-72	48	14	)	)	PUNCT
afbr-72	48	15	,	,	PUNCT
afbr-72	48	16	the	the	DET
afbr-72	48	17	proceeds	proceed	NOUN
afbr-72	48	18	of	of	ADP
afbr-72	48	19	which	which	PRON
afbr-72	48	20	are	be	AUX
afbr-72	48	21	re	re	VERB
afbr-72	48	22	-	-	VERB
afbr-72	48	23	invested	invest	VERB
afbr-72	48	24	with	with	ADP
afbr-72	48	25	the	the	DET
afbr-72	48	26	intent	intent	NOUN
afbr-72	48	27	to	to	PART
afbr-72	48	28	earn	earn	VERB
afbr-72	48	29	a	a	DET
afbr-72	48	30	greater	great	ADJ
afbr-72	48	31	rate	rate	NOUN
afbr-72	48	32	of	of	ADP
afbr-72	48	33	return	return	NOUN
afbr-72	48	34	than	than	ADP
afbr-72	48	35	cost	cost	NOUN
afbr-72	48	36	of	of	ADP
afbr-72	48	37	interest	interest	NOUN
afbr-72	48	38	.	.	PUNCT
afbr-72	49	1	an	an	DET
afbr-72	49	2	unlevered	unlevered	ADJ
afbr-72	49	3	firm	firm	NOUN
afbr-72	49	4	is	be	AUX
afbr-72	49	5	an	an	DET
afbr-72	49	6	all	all	DET
afbr-72	49	7	-	-	PUNCT
afbr-72	49	8	equity	equity	NOUN
afbr-72	49	9	firm	firm	NOUN
afbr-72	49	10	,	,	PUNCT
afbr-72	49	11	whereas	whereas	SCONJ
afbr-72	49	12	a	a	DET
afbr-72	49	13	levered	lever	VERB
afbr-72	49	14	firm	firm	NOUN
afbr-72	49	15	is	be	AUX
afbr-72	49	16	made	make	VERB
afbr-72	49	17	up	up	ADP
afbr-72	49	18	of	of	ADP
afbr-72	49	19	ownership	ownership	NOUN
afbr-72	49	20	equity	equity	NOUN
afbr-72	49	21	and	and	CCONJ
afbr-72	49	22	debt	debt	NOUN
afbr-72	49	23	(	(	PUNCT
afbr-72	49	24	andy	andy	PROPN
afbr-72	49	25	,	,	PUNCT
afbr-72	49	26	chuck	chuck	PROPN
afbr-72	49	27	&	&	CCONJ
afbr-72	49	28	alison	alison	PROPN
afbr-72	49	29	,	,	PUNCT
afbr-72	49	30	2002	2002	NUM
afbr-72	49	31	)	)	PUNCT
afbr-72	49	32	.	.	PUNCT
afbr-72	50	1	leverage	leverage	NOUN
afbr-72	50	2	allows	allow	VERB
afbr-72	50	3	a	a	DET
afbr-72	50	4	greater	great	ADJ
afbr-72	50	5	potential	potential	ADJ
afbr-72	50	6	returns	return	NOUN
afbr-72	50	7	to	to	ADP
afbr-72	50	8	the	the	DET
afbr-72	50	9	investor	investor	NOUN
afbr-72	50	10	than	than	SCONJ
afbr-72	50	11	otherwise	otherwise	ADV
afbr-72	50	12	would	would	AUX
afbr-72	50	13	have	have	AUX
afbr-72	50	14	been	be	AUX
afbr-72	50	15	available	available	ADJ
afbr-72	50	16	,	,	PUNCT
afbr-72	50	17	but	but	CCONJ
afbr-72	50	18	the	the	DET
afbr-72	50	19	potential	potential	ADJ
afbr-72	50	20	loss	loss	NOUN
afbr-72	50	21	prime	prime	NOUN
afbr-72	50	22	equity	equity	NOUN
afbr-72	50	23	,	,	PUNCT
afbr-72	50	24	leveraged	leveraged	ADJ
afbr-72	50	25	structure	structure	NOUN
afbr-72	50	26	and	and	CCONJ
afbr-72	50	27	corporate	corporate	ADJ
afbr-72	50	28	earnings	earning	NOUN
afbr-72	50	29	in	in	ADP
afbr-72	50	30	nigeria	nigeria	PROPN
afbr-72	50	31	:	:	PUNCT
afbr-72	50	32	a	a	DET
afbr-72	50	33	comparative	comparative	ADJ
afbr-72	50	34	analysis	analysis	NOUN
afbr-72	50	35	lucky	lucky	ADJ
afbr-72	50	36	anyike	anyike	ADP
afbr-72	50	37	lucky	lucky	ADJ
afbr-72	50	38	and	and	CCONJ
afbr-72	50	39	akobundu	akobundu	ADJ
afbr-72	50	40	charles	charles	PROPN
afbr-72	50	41	echewodo	echewodo	NOUN
afbr-72	50	42	28	28	NUM
afbr-72	50	43	is	be	AUX
afbr-72	50	44	also	also	ADV
afbr-72	50	45	greater	great	ADJ
afbr-72	50	46	if	if	SCONJ
afbr-72	50	47	the	the	DET
afbr-72	50	48	investment	investment	NOUN
afbr-72	50	49	becomes	become	VERB
afbr-72	50	50	worthless	worthless	ADJ
afbr-72	50	51	,	,	PUNCT
afbr-72	50	52	the	the	DET
afbr-72	50	53	loan	loan	NOUN
afbr-72	50	54	principal	principal	NOUN
afbr-72	50	55	and	and	CCONJ
afbr-72	50	56	all	all	DET
afbr-72	50	57	accrued	accrue	VERB
afbr-72	50	58	interest	interest	NOUN
afbr-72	50	59	on	on	ADP
afbr-72	50	60	the	the	DET
afbr-72	50	61	loan	loan	NOUN
afbr-72	50	62	still	still	ADV
afbr-72	50	63	need	need	VERB
afbr-72	50	64	to	to	PART
afbr-72	50	65	be	be	AUX
afbr-72	50	66	repaid	repay	VERB
afbr-72	50	67	(	(	PUNCT
afbr-72	50	68	andy	andy	PROPN
afbr-72	50	69	et	et	PROPN
afbr-72	50	70	.	.	PUNCT
afbr-72	51	1	al	al	PROPN
afbr-72	51	2	.	.	PROPN
afbr-72	51	3	,	,	PUNCT
afbr-72	51	4	2002	2002	NUM
afbr-72	51	5	)	)	PUNCT
afbr-72	51	6	pandey	pandey	PROPN
afbr-72	51	7	(	(	PUNCT
afbr-72	51	8	2010	2010	NUM
afbr-72	51	9	)	)	PUNCT
afbr-72	51	10	assert	assert	VERB
afbr-72	51	11	that	that	SCONJ
afbr-72	51	12	the	the	DET
afbr-72	51	13	financial	financial	ADJ
afbr-72	51	14	leverage	leverage	NOUN
afbr-72	51	15	employed	employ	VERB
afbr-72	51	16	by	by	ADP
afbr-72	51	17	a	a	DET
afbr-72	51	18	company	company	NOUN
afbr-72	51	19	is	be	AUX
afbr-72	51	20	intended	intend	VERB
afbr-72	51	21	to	to	PART
afbr-72	51	22	earn	earn	VERB
afbr-72	51	23	more	more	ADJ
afbr-72	51	24	return	return	NOUN
afbr-72	51	25	on	on	ADP
afbr-72	51	26	the	the	DET
afbr-72	51	27	fixed	fix	VERB
afbr-72	51	28	-	-	PUNCT
afbr-72	51	29	charge	charge	NOUN
afbr-72	51	30	funds	fund	NOUN
afbr-72	51	31	than	than	ADP
afbr-72	51	32	their	their	PRON
afbr-72	51	33	costs	cost	NOUN
afbr-72	51	34	.	.	PUNCT
afbr-72	52	1	the	the	DET
afbr-72	52	2	surplus	surplus	NOUN
afbr-72	52	3	(	(	PUNCT
afbr-72	52	4	or	or	CCONJ
afbr-72	52	5	deficit	deficit	NOUN
afbr-72	52	6	)	)	PUNCT
afbr-72	52	7	will	will	AUX
afbr-72	52	8	increase	increase	VERB
afbr-72	52	9	(	(	PUNCT
afbr-72	52	10	or	or	CCONJ
afbr-72	52	11	decrease	decrease	VERB
afbr-72	52	12	)	)	PUNCT
afbr-72	52	13	the	the	DET
afbr-72	52	14	return	return	NOUN
afbr-72	52	15	on	on	ADP
afbr-72	52	16	the	the	DET
afbr-72	52	17	owners‟	owners‟	PROPN
afbr-72	52	18	equity	equity	NOUN
afbr-72	52	19	.	.	PUNCT
afbr-72	53	1	the	the	DET
afbr-72	53	2	rate	rate	NOUN
afbr-72	53	3	of	of	ADP
afbr-72	53	4	return	return	NOUN
afbr-72	53	5	on	on	ADP
afbr-72	53	6	the	the	DET
afbr-72	53	7	owners‟	owners‟	PROPN
afbr-72	53	8	equity	equity	NOUN
afbr-72	53	9	is	be	AUX
afbr-72	53	10	levered	lever	VERB
afbr-72	53	11	above	above	ADP
afbr-72	53	12	or	or	CCONJ
afbr-72	53	13	below	below	ADP
afbr-72	53	14	the	the	DET
afbr-72	53	15	rate	rate	NOUN
afbr-72	53	16	of	of	ADP
afbr-72	53	17	return	return	NOUN
afbr-72	53	18	on	on	ADP
afbr-72	53	19	total	total	ADJ
afbr-72	53	20	assets	asset	NOUN
afbr-72	53	21	.	.	PUNCT
afbr-72	54	1	thus	thus	ADV
afbr-72	54	2	,	,	PUNCT
afbr-72	54	3	financial	financial	ADJ
afbr-72	54	4	leverage	leverage	NOUN
afbr-72	54	5	is	be	AUX
afbr-72	54	6	considered	consider	VERB
afbr-72	54	7	as	as	ADP
afbr-72	54	8	a	a	DET
afbr-72	54	9	double	double	ADJ
afbr-72	54	10	-	-	PUNCT
afbr-72	54	11	edged	edge	VERB
afbr-72	54	12	sword	sword	NOUN
afbr-72	54	13	because	because	SCONJ
afbr-72	54	14	it	it	PRON
afbr-72	54	15	provides	provide	VERB
afbr-72	54	16	the	the	DET
afbr-72	54	17	potentials	potential	NOUN
afbr-72	54	18	of	of	ADP
afbr-72	54	19	increasing	increase	VERB
afbr-72	54	20	the	the	DET
afbr-72	54	21	shareholders‟	shareholders‟	NOUN
afbr-72	54	22	earnings	earning	NOUN
afbr-72	54	23	as	as	ADV
afbr-72	54	24	well	well	ADV
afbr-72	54	25	as	as	ADP
afbr-72	54	26	creating	create	VERB
afbr-72	54	27	the	the	DET
afbr-72	54	28	risks	risk	NOUN
afbr-72	54	29	of	of	ADP
afbr-72	54	30	loss	loss	NOUN
afbr-72	54	31	to	to	ADP
afbr-72	54	32	them	they	PRON
afbr-72	54	33	2.1.1	2.1.1	NUM
afbr-72	54	34	measures	measure	NOUN
afbr-72	54	35	of	of	ADP
afbr-72	54	36	financial	financial	ADJ
afbr-72	54	37	leverage	leverage	NOUN
afbr-72	54	38			PART
afbr-72	54	39	total	total	ADJ
afbr-72	54	40	debt	debt	NOUN
afbr-72	54	41	ratio	ratio	NOUN
afbr-72	54	42	total	total	ADJ
afbr-72	54	43	debt	debt	NOUN
afbr-72	54	44	ratio	ratio	NOUN
afbr-72	54	45	measures	measure	VERB
afbr-72	54	46	the	the	DET
afbr-72	54	47	amount	amount	NOUN
afbr-72	54	48	of	of	ADP
afbr-72	54	49	a	a	DET
afbr-72	54	50	firm‟s	firm‟s	NOUN
afbr-72	54	51	total	total	ADJ
afbr-72	54	52	assets	asset	NOUN
afbr-72	54	53	that	that	PRON
afbr-72	54	54	is	be	AUX
afbr-72	54	55	financed	finance	VERB
afbr-72	54	56	with	with	ADP
afbr-72	54	57	external	external	ADJ
afbr-72	54	58	debt	debt	NOUN
afbr-72	54	59	.	.	PUNCT
afbr-72	55	1	this	this	DET
afbr-72	55	2	measure	measure	NOUN
afbr-72	55	3	encompasses	encompass	VERB
afbr-72	55	4	all	all	DET
afbr-72	55	5	short	short	ADJ
afbr-72	55	6	term	term	NOUN
afbr-72	55	7	liabilities	liability	NOUN
afbr-72	55	8	and	and	CCONJ
afbr-72	55	9	long	long	ADJ
afbr-72	55	10	-	-	PUNCT
afbr-72	55	11	term	term	NOUN
afbr-72	55	12	liabilities	liability	NOUN
afbr-72	55	13	.	.	PUNCT
afbr-72	56	1	nwude	nwude	PROPN
afbr-72	56	2	(	(	PUNCT
afbr-72	56	3	2003	2003	NUM
afbr-72	56	4	)	)	PUNCT
afbr-72	56	5	contend	contend	VERB
afbr-72	56	6	that	that	SCONJ
afbr-72	56	7	this	this	DET
afbr-72	56	8	measures	measure	NOUN
afbr-72	56	9	portion	portion	NOUN
afbr-72	56	10	of	of	ADP
afbr-72	56	11	the	the	DET
afbr-72	56	12	firm‟s	firm‟s	NOUN
afbr-72	56	13	assets	asset	NOUN
afbr-72	56	14	that	that	PRON
afbr-72	56	15	is	be	AUX
afbr-72	56	16	financed	finance	VERB
afbr-72	56	17	by	by	ADP
afbr-72	56	18	creditors	creditor	NOUN
afbr-72	56	19	.	.	PUNCT
afbr-72	57	1	as	as	ADP
afbr-72	57	2	the	the	DET
afbr-72	57	3	total	total	ADJ
afbr-72	57	4	debt	debt	NOUN
afbr-72	57	5	ratio	ratio	NOUN
afbr-72	57	6	increase	increase	NOUN
afbr-72	57	7	,	,	PUNCT
afbr-72	57	8	so	so	ADV
afbr-72	57	9	do	do	VERB
afbr-72	57	10	a	a	DET
afbr-72	57	11	firm‟s	firm‟s	NOUN
afbr-72	57	12	fixed	fix	VERB
afbr-72	57	13	-	-	PUNCT
afbr-72	57	14	interest	interest	NOUN
afbr-72	57	15	charges	charge	NOUN
afbr-72	57	16	,	,	PUNCT
afbr-72	57	17	if	if	SCONJ
afbr-72	57	18	the	the	DET
afbr-72	57	19	total	total	ADJ
afbr-72	57	20	debt	debt	NOUN
afbr-72	57	21	ratio	ratio	NOUN
afbr-72	57	22	becomes	become	VERB
afbr-72	57	23	too	too	ADV
afbr-72	57	24	high	high	ADJ
afbr-72	57	25	,	,	PUNCT
afbr-72	57	26	the	the	DET
afbr-72	57	27	cash	cash	NOUN
afbr-72	57	28	flow	flow	NOUN
afbr-72	57	29	the	the	DET
afbr-72	57	30	firm	firm	NOUN
afbr-72	57	31	generates	generate	VERB
afbr-72	57	32	during	during	ADP
afbr-72	57	33	economic	economic	ADJ
afbr-72	57	34	recessions	recession	NOUN
afbr-72	57	35	may	may	AUX
afbr-72	57	36	not	not	PART
afbr-72	57	37	be	be	AUX
afbr-72	57	38	sufficient	sufficient	ADJ
afbr-72	57	39	to	to	PART
afbr-72	57	40	meet	meet	VERB
afbr-72	57	41	interest	interest	NOUN
afbr-72	57	42	payments	payment	NOUN
afbr-72	57	43	.	.	PUNCT
afbr-72	58	1	in	in	ADP
afbr-72	58	2	terms	term	NOUN
afbr-72	58	3	of	of	ADP
afbr-72	58	4	its	its	PRON
afbr-72	58	5	significance	significance	NOUN
afbr-72	58	6	to	to	ADP
afbr-72	58	7	a	a	DET
afbr-72	58	8	firm	firm	NOUN
afbr-72	58	9	,	,	PUNCT
afbr-72	58	10	theoretical	theoretical	ADJ
afbr-72	58	11	literatures	literature	NOUN
afbr-72	58	12	predict	predict	VERB
afbr-72	58	13	that	that	SCONJ
afbr-72	58	14	debt	debt	NOUN
afbr-72	58	15	is	be	AUX
afbr-72	58	16	positively	positively	ADV
afbr-72	58	17	correlated	correlate	VERB
afbr-72	58	18	with	with	ADP
afbr-72	58	19	level	level	NOUN
afbr-72	58	20	of	of	ADP
afbr-72	58	21	investment	investment	NOUN
afbr-72	58	22	.	.	PUNCT
afbr-72	59	1	for	for	ADP
afbr-72	59	2	example	example	NOUN
afbr-72	59	3	,	,	PUNCT
afbr-72	59	4	long	long	ADJ
afbr-72	59	5	and	and	CCONJ
afbr-72	59	6	malitz	malitz	PROPN
afbr-72	59	7	(	(	PUNCT
afbr-72	59	8	1985	1985	NUM
afbr-72	59	9	)	)	PUNCT
afbr-72	59	10	found	find	VERB
afbr-72	59	11	a	a	DET
afbr-72	59	12	significant	significant	ADJ
afbr-72	59	13	positive	positive	ADJ
afbr-72	59	14	relationship	relationship	NOUN
afbr-72	59	15	between	between	ADP
afbr-72	59	16	the	the	DET
afbr-72	59	17	rate	rate	NOUN
afbr-72	59	18	of	of	ADP
afbr-72	59	19	investment	investment	NOUN
afbr-72	59	20	in	in	ADP
afbr-72	59	21	fixed	fix	VERB
afbr-72	59	22	plant	plant	NOUN
afbr-72	59	23	and	and	CCONJ
afbr-72	59	24	equipment	equipment	NOUN
afbr-72	59	25	and	and	CCONJ
afbr-72	59	26	level	level	NOUN
afbr-72	59	27	of	of	ADP
afbr-72	59	28	borrowing	borrowing	NOUN
afbr-72	59	29	.	.	PUNCT
afbr-72	60	1	the	the	DET
afbr-72	60	2	total	total	ADJ
afbr-72	60	3	debt	debt	NOUN
afbr-72	60	4	ratio	ratio	NOUN
afbr-72	60	5	is	be	AUX
afbr-72	60	6	measured	measure	VERB
afbr-72	60	7	by	by	ADP
afbr-72	60	8	dividing	divide	VERB
afbr-72	60	9	total	total	ADJ
afbr-72	60	10	debt	debt	NOUN
afbr-72	60	11	with	with	ADP
afbr-72	60	12	the	the	DET
afbr-72	60	13	total	total	ADJ
afbr-72	60	14	assets	asset	NOUN
afbr-72	60	15	of	of	ADP
afbr-72	60	16	the	the	DET
afbr-72	60	17	firm	firm	NOUN
afbr-72	60	18	.	.	PUNCT
afbr-72	61	1	total	total	ADJ
afbr-72	61	2	debt	debt	NOUN
afbr-72	61	3	ratio	ratio	NOUN
afbr-72	61	4	=	=	PUNCT
afbr-72	61	5	total	total	ADJ
afbr-72	61	6	assets	asset	NOUN
afbr-72	61	7	total	total	ADJ
afbr-72	61	8	debt	debt	NOUN
afbr-72	61	9	1	1	NUM
afbr-72	61	10			NOUN
afbr-72	61	11	debt	debt	NOUN
afbr-72	61	12	equity	equity	NOUN
afbr-72	61	13	ratio	ratio	PROPN
afbr-72	61	14	debt	debt	NOUN
afbr-72	61	15	equity	equity	NOUN
afbr-72	61	16	ratio	ratio	NOUN
afbr-72	61	17	is	be	AUX
afbr-72	61	18	similar	similar	ADJ
afbr-72	61	19	to	to	ADP
afbr-72	61	20	the	the	DET
afbr-72	61	21	debt	debt	NOUN
afbr-72	61	22	ratio	ratio	NOUN
afbr-72	61	23	and	and	CCONJ
afbr-72	61	24	relates	relate	VERB
afbr-72	61	25	the	the	DET
afbr-72	61	26	amount	amount	NOUN
afbr-72	61	27	of	of	ADP
afbr-72	61	28	a	a	DET
afbr-72	61	29	firm‟s	firm‟s	NOUN
afbr-72	61	30	debt	debt	NOUN
afbr-72	61	31	financing	financing	NOUN
afbr-72	61	32	to	to	ADP
afbr-72	61	33	the	the	DET
afbr-72	61	34	amount	amount	NOUN
afbr-72	61	35	of	of	ADP
afbr-72	61	36	equity	equity	NOUN
afbr-72	61	37	financing	financing	NOUN
afbr-72	61	38	.	.	PUNCT
afbr-72	62	1	actually	actually	ADV
afbr-72	62	2	,	,	PUNCT
afbr-72	62	3	this	this	DET
afbr-72	62	4	measure	measure	NOUN
afbr-72	62	5	of	of	ADP
afbr-72	62	6	leverage	leverage	NOUN
afbr-72	62	7	ratio	ratio	NOUN
afbr-72	62	8	is	be	AUX
afbr-72	62	9	not	not	PART
afbr-72	62	10	actually	actually	ADV
afbr-72	62	11	a	a	DET
afbr-72	62	12	new	new	ADJ
afbr-72	62	13	measure	measure	NOUN
afbr-72	62	14	;	;	PUNCT
afbr-72	62	15	it	it	PRON
afbr-72	62	16	is	be	AUX
afbr-72	62	17	simply	simply	ADV
afbr-72	62	18	the	the	DET
afbr-72	62	19	debt	debt	NOUN
afbr-72	62	20	ratio	ratio	NOUN
afbr-72	62	21	in	in	ADP
afbr-72	62	22	a	a	DET
afbr-72	62	23	different	different	ADJ
afbr-72	62	24	format	format	NOUN
afbr-72	62	25	.	.	PUNCT
afbr-72	63	1	debt	debt	NOUN
afbr-72	63	2	equity	equity	NOUN
afbr-72	63	3	ratio	ratio	NOUN
afbr-72	63	4	is	be	AUX
afbr-72	63	5	the	the	DET
afbr-72	63	6	quantitative	quantitative	ADJ
afbr-72	63	7	measures	measure	NOUN
afbr-72	63	8	of	of	ADP
afbr-72	63	9	the	the	DET
afbr-72	63	10	proportion	proportion	NOUN
afbr-72	63	11	of	of	ADP
afbr-72	63	12	the	the	DET
afbr-72	63	13	total	total	ADJ
afbr-72	63	14	debt	debt	NOUN
afbr-72	63	15	to	to	ADP
afbr-72	63	16	residual	residual	ADJ
afbr-72	63	17	owners‟	owners‟	PROPN
afbr-72	63	18	equity	equity	NOUN
afbr-72	63	19	(	(	PUNCT
afbr-72	63	20	nwude	nwude	NOUN
afbr-72	63	21	,	,	PUNCT
afbr-72	63	22	2003	2003	NUM
afbr-72	63	23	)	)	PUNCT
afbr-72	63	24	.	.	PUNCT
afbr-72	64	1	thus	thus	ADV
afbr-72	64	2	,	,	PUNCT
afbr-72	64	3	it	it	PRON
afbr-72	64	4	is	be	AUX
afbr-72	64	5	an	an	DET
afbr-72	64	6	indicator	indicator	NOUN
afbr-72	64	7	of	of	ADP
afbr-72	64	8	company‟s	company‟s	ADJ
afbr-72	64	9	financial	financial	ADJ
afbr-72	64	10	structure	structure	NOUN
afbr-72	64	11	and	and	CCONJ
afbr-72	64	12	whether	whether	SCONJ
afbr-72	64	13	the	the	DET
afbr-72	64	14	company	company	NOUN
afbr-72	64	15	is	be	AUX
afbr-72	64	16	more	more	ADV
afbr-72	64	17	reliant	reliant	ADJ
afbr-72	64	18	on	on	ADP
afbr-72	64	19	borrowing	borrowing	NOUN
afbr-72	64	20	(	(	PUNCT
afbr-72	64	21	debt	debt	NOUN
afbr-72	64	22	)	)	PUNCT
afbr-72	64	23	or	or	CCONJ
afbr-72	64	24	shareholders	shareholder	NOUN
afbr-72	64	25	capital	capital	NOUN
afbr-72	64	26	(	(	PUNCT
afbr-72	64	27	equity	equity	NOUN
afbr-72	64	28	)	)	PUNCT
afbr-72	64	29	to	to	PART
afbr-72	64	30	fund	fund	VERB
afbr-72	64	31	assets	asset	NOUN
afbr-72	64	32	and	and	CCONJ
afbr-72	64	33	activities	activity	NOUN
afbr-72	64	34	.	.	PUNCT
afbr-72	65	1	debt	debt	NOUN
afbr-72	65	2	equity	equity	NOUN
afbr-72	65	3	ratio	ratio	NOUN
afbr-72	65	4	=	=	PUNCT
afbr-72	65	5	shareholders	shareholder	NOUN
afbr-72	65	6	funds	fund	NOUN
afbr-72	65	7	total	total	ADJ
afbr-72	65	8	debt	debt	NOUN
afbr-72	65	9	2	2	NUM
afbr-72	65	10			NOUN
afbr-72	65	11	equity	equity	NOUN
afbr-72	65	12	financing	financing	NOUN
afbr-72	65	13	equity	equity	NOUN
afbr-72	65	14	investment	investment	NOUN
afbr-72	65	15	simply	simply	ADV
afbr-72	65	16	means	mean	VERB
afbr-72	65	17	shareholders‟	shareholders‟	NOUN
afbr-72	65	18	fund	fund	NOUN
afbr-72	65	19	or	or	CCONJ
afbr-72	65	20	sweat	sweat	VERB
afbr-72	65	21	money	money	NOUN
afbr-72	65	22	(	(	PUNCT
afbr-72	65	23	dagogo	dagogo	NOUN
afbr-72	65	24	and	and	CCONJ
afbr-72	65	25	ollor	ollor	NOUN
afbr-72	65	26	,	,	PUNCT
afbr-72	65	27	2009	2009	NUM
afbr-72	65	28	)	)	PUNCT
afbr-72	65	29	.	.	PUNCT
afbr-72	66	1	two	two	NUM
afbr-72	66	2	strands	strand	NOUN
afbr-72	66	3	of	of	ADP
afbr-72	66	4	equity	equity	NOUN
afbr-72	66	5	investment	investment	NOUN
afbr-72	66	6	exist	exist	VERB
afbr-72	66	7	:	:	PUNCT
afbr-72	66	8	public	public	ADJ
afbr-72	66	9	and	and	CCONJ
afbr-72	66	10	private	private	ADJ
afbr-72	66	11	equity	equity	NOUN
afbr-72	66	12	investments	investment	NOUN
afbr-72	66	13	.	.	PUNCT
afbr-72	67	1	public	public	ADJ
afbr-72	67	2	equity	equity	NOUN
afbr-72	67	3	investment	investment	NOUN
afbr-72	67	4	involves	involve	VERB
afbr-72	67	5	raising	raise	VERB
afbr-72	67	6	share	share	NOUN
afbr-72	67	7	capital	capital	NOUN
afbr-72	67	8	directly	directly	ADV
afbr-72	67	9	from	from	ADP
afbr-72	67	10	the	the	DET
afbr-72	67	11	public	public	NOUN
afbr-72	67	12	through	through	ADP
afbr-72	67	13	the	the	DET
afbr-72	67	14	stock	stock	NOUN
afbr-72	67	15	exchange	exchange	NOUN
afbr-72	67	16	,	,	PUNCT
afbr-72	67	17	while	while	SCONJ
afbr-72	67	18	private	private	ADJ
afbr-72	67	19	equity	equity	NOUN
afbr-72	67	20	involves	involve	VERB
afbr-72	67	21	investment	investment	NOUN
afbr-72	67	22	in	in	ADP
afbr-72	67	23	a	a	DET
afbr-72	67	24	private	private	ADJ
afbr-72	67	25	company	company	NOUN
afbr-72	67	26	by	by	ADP
afbr-72	67	27	a	a	DET
afbr-72	67	28	few	few	ADJ
afbr-72	67	29	investors	investor	NOUN
afbr-72	67	30	or	or	CCONJ
afbr-72	67	31	institutional	institutional	ADJ
afbr-72	67	32	investors	investor	NOUN
afbr-72	67	33	.	.	PUNCT
afbr-72	68	1	it	it	PRON
afbr-72	68	2	has	have	AUX
afbr-72	68	3	been	be	AUX
afbr-72	68	4	proved	prove	VERB
afbr-72	68	5	severally	severally	ADV
afbr-72	68	6	that	that	SCONJ
afbr-72	68	7	the	the	DET
afbr-72	68	8	value	value	NOUN
afbr-72	68	9	of	of	ADP
afbr-72	68	10	a	a	DET
afbr-72	68	11	firm	firm	NOUN
afbr-72	68	12	increases	increase	VERB
afbr-72	68	13	more	more	ADV
afbr-72	68	14	with	with	ADP
afbr-72	68	15	increasing	increase	VERB
afbr-72	68	16	leverage	leverage	NOUN
afbr-72	68	17	,	,	PUNCT
afbr-72	68	18	durand	durand	NOUN
afbr-72	68	19	(	(	PUNCT
afbr-72	68	20	1959	1959	NUM
afbr-72	68	21	)	)	PUNCT
afbr-72	68	22	and	and	CCONJ
afbr-72	68	23	ezra	ezra	PROPN
afbr-72	68	24	(	(	PUNCT
afbr-72	68	25	1963	1963	NUM
afbr-72	68	26	)	)	PUNCT
afbr-72	68	27	.	.	PUNCT
afbr-72	69	1	perhaps	perhaps	ADV
afbr-72	69	2	,	,	PUNCT
afbr-72	69	3	this	this	PRON
afbr-72	69	4	explains	explain	VERB
afbr-72	69	5	why	why	SCONJ
afbr-72	69	6	there	there	PRON
afbr-72	69	7	is	be	VERB
afbr-72	69	8	still	still	ADV
afbr-72	69	9	strong	strong	ADJ
afbr-72	69	10	emphasis	emphasis	NOUN
afbr-72	69	11	on	on	ADP
afbr-72	69	12	the	the	DET
afbr-72	69	13	use	use	NOUN
afbr-72	69	14	of	of	ADP
afbr-72	69	15	debt	debt	NOUN
afbr-72	69	16	despite	despite	SCONJ
afbr-72	69	17	the	the	DET
afbr-72	69	18	overwhelming	overwhelming	ADJ
afbr-72	69	19	contribution	contribution	NOUN
afbr-72	69	20	of	of	ADP
afbr-72	69	21	franco	franco	PROPN
afbr-72	69	22	modigliani	modigliani	PROPN
afbr-72	69	23	and	and	CCONJ
afbr-72	69	24	merton	merton	PROPN
afbr-72	69	25	miller	miller	NOUN
afbr-72	69	26	(	(	PUNCT
afbr-72	69	27	mm	mm	NOUN
afbr-72	69	28	)	)	PUNCT
afbr-72	69	29	in	in	ADP
afbr-72	69	30	1958	1958	NUM
afbr-72	69	31	on	on	ADP
afbr-72	69	32	the	the	DET
afbr-72	69	33	irrelevance	irrelevance	NOUN
afbr-72	69	34	of	of	ADP
afbr-72	69	35	capital	capital	NOUN
afbr-72	69	36	structure	structure	NOUN
afbr-72	69	37	.	.	PUNCT
afbr-72	70	1	however	however	ADV
afbr-72	70	2	,	,	PUNCT
afbr-72	70	3	mm	mm	NUM
afbr-72	70	4	position	position	NOUN
afbr-72	70	5	in	in	ADP
afbr-72	70	6	a	a	DET
afbr-72	70	7	world	world	NOUN
afbr-72	70	8	of	of	ADP
afbr-72	70	9	taxes	taxis	NOUN
afbr-72	70	10	(	(	PUNCT
afbr-72	70	11	which	which	PRON
afbr-72	70	12	is	be	AUX
afbr-72	70	13	a	a	DET
afbr-72	70	14	more	more	ADV
afbr-72	70	15	realistic	realistic	ADJ
afbr-72	70	16	assumption	assumption	NOUN
afbr-72	70	17	)	)	PUNCT
afbr-72	70	18	implies	imply	VERB
afbr-72	70	19	that	that	SCONJ
afbr-72	70	20	the	the	DET
afbr-72	70	21	expected	expect	VERB
afbr-72	70	22	return	return	NOUN
afbr-72	70	23	on	on	ADP
afbr-72	70	24	equity	equity	NOUN
afbr-72	70	25	increases	increase	NOUN
afbr-72	70	26	as	as	ADP
afbr-72	70	27	the	the	DET
afbr-72	70	28	debt	debt	NOUN
afbr-72	70	29	-	-	PUNCT
afbr-72	70	30	equity	equity	NOUN
afbr-72	70	31	ratio	ratio	NOUN
afbr-72	70	32	increases	increase	NOUN
afbr-72	70	33	.	.	PUNCT
afbr-72	71	1	therefore	therefore	ADV
afbr-72	71	2	shareholders	shareholder	NOUN
afbr-72	71	3	can	can	AUX
afbr-72	71	4	not	not	PART
afbr-72	71	5	be	be	AUX
afbr-72	71	6	indifferent	indifferent	ADJ
afbr-72	71	7	to	to	ADP
afbr-72	71	8	increased	increase	VERB
afbr-72	71	9	leverage	leverage	NOUN
afbr-72	71	10	when	when	SCONJ
afbr-72	71	11	it	it	PRON
afbr-72	71	12	increases	increase	VERB
afbr-72	71	13	expected	expect	VERB
afbr-72	71	14	return	return	NOUN
afbr-72	71	15	,	,	PUNCT
afbr-72	71	16	brealey	brealey	NOUN
afbr-72	71	17	and	and	CCONJ
afbr-72	71	18	myers	myers	PROPN
afbr-72	71	19	(	(	PUNCT
afbr-72	71	20	1996	1996	NUM
afbr-72	71	21	)	)	PUNCT
afbr-72	71	22	.	.	PUNCT
afbr-72	72	1	2.2	2.2	NUM
afbr-72	72	2	theorectical	theorectical	ADJ
afbr-72	72	3	framework	framework	NOUN
afbr-72	72	4			VERB
afbr-72	72	5	the	the	DET
afbr-72	72	6	modigliani	modigliani	PROPN
afbr-72	72	7	-	-	PUNCT
afbr-72	72	8	miller	miller	NOUN
afbr-72	72	9	:	:	PUNCT
afbr-72	72	10	irrelevant	irrelevant	ADJ
afbr-72	72	11	and	and	CCONJ
afbr-72	72	12	relevant	relevant	ADJ
afbr-72	72	13	theory	theory	NOUN
afbr-72	72	14	prime	prime	PROPN
afbr-72	72	15	equity	equity	NOUN
afbr-72	72	16	,	,	PUNCT
afbr-72	72	17	leveraged	leveraged	ADJ
afbr-72	72	18	structure	structure	NOUN
afbr-72	72	19	and	and	CCONJ
afbr-72	72	20	corporate	corporate	ADJ
afbr-72	72	21	earnings	earning	NOUN
afbr-72	72	22	in	in	ADP
afbr-72	72	23	nigeria	nigeria	PROPN
afbr-72	72	24	:	:	PUNCT
afbr-72	72	25	a	a	DET
afbr-72	72	26	comparative	comparative	ADJ
afbr-72	72	27	analysis	analysis	NOUN
afbr-72	72	28	lucky	lucky	ADJ
afbr-72	72	29	anyike	anyike	ADP
afbr-72	72	30	lucky	lucky	ADJ
afbr-72	72	31	and	and	CCONJ
afbr-72	72	32	akobundu	akobundu	ADJ
afbr-72	72	33	charles	charle	NOUN
afbr-72	72	34	echewodo	echewodo	NOUN
afbr-72	72	35	29	29	NUM
afbr-72	72	36	modigliani	modigliani	X
afbr-72	72	37	and	and	CCONJ
afbr-72	72	38	miller	miller	PROPN
afbr-72	72	39	(	(	PUNCT
afbr-72	72	40	mm	mm	NOUN
afbr-72	72	41	)	)	PUNCT
afbr-72	72	42	1958	1958	NUM
afbr-72	72	43	illustrates	illustrate	VERB
afbr-72	72	44	that	that	SCONJ
afbr-72	72	45	under	under	ADP
afbr-72	72	46	certain	certain	ADJ
afbr-72	72	47	key	key	ADJ
afbr-72	72	48	assumptions	assumption	NOUN
afbr-72	72	49	,	,	PUNCT
afbr-72	72	50	firm‟s	firm‟s	NOUN
afbr-72	72	51	value	value	NOUN
afbr-72	72	52	is	be	AUX
afbr-72	72	53	unaffected	unaffected	ADJ
afbr-72	72	54	by	by	ADP
afbr-72	72	55	its	its	PRON
afbr-72	72	56	capital	capital	NOUN
afbr-72	72	57	structure	structure	NOUN
afbr-72	72	58	.	.	PUNCT
afbr-72	73	1	capital	capital	NOUN
afbr-72	73	2	market	market	NOUN
afbr-72	73	3	is	be	AUX
afbr-72	73	4	assumes	assume	VERB
afbr-72	73	5	to	to	PART
afbr-72	73	6	be	be	AUX
afbr-72	73	7	perfect	perfect	ADJ
afbr-72	73	8	in	in	ADP
afbr-72	73	9	modigliani	modigliani	ADJ
afbr-72	73	10	and	and	CCONJ
afbr-72	73	11	miller‟s	miller‟s	NOUN
afbr-72	73	12	world	world	NOUN
afbr-72	73	13	,	,	PUNCT
afbr-72	73	14	where	where	SCONJ
afbr-72	73	15	insiders	insider	NOUN
afbr-72	73	16	and	and	CCONJ
afbr-72	73	17	outsiders	outsider	NOUN
afbr-72	73	18	have	have	VERB
afbr-72	73	19	free	free	ADJ
afbr-72	73	20	access	access	NOUN
afbr-72	73	21	to	to	ADP
afbr-72	73	22	information	information	NOUN
afbr-72	73	23	;	;	PUNCT
afbr-72	73	24	no	no	DET
afbr-72	73	25	transaction	transaction	NOUN
afbr-72	73	26	cost	cost	NOUN
afbr-72	73	27	,	,	PUNCT
afbr-72	73	28	bankruptcy	bankruptcy	NOUN
afbr-72	73	29	cost	cost	NOUN
afbr-72	73	30	and	and	CCONJ
afbr-72	73	31	no	no	DET
afbr-72	73	32	taxation	taxation	NOUN
afbr-72	73	33	exist	exist	VERB
afbr-72	73	34	;	;	PUNCT
afbr-72	73	35	equity	equity	NOUN
afbr-72	73	36	and	and	CCONJ
afbr-72	73	37	debt	debt	NOUN
afbr-72	73	38	choice	choice	NOUN
afbr-72	73	39	become	become	VERB
afbr-72	73	40	irrelevant	irrelevant	ADJ
afbr-72	73	41	and	and	CCONJ
afbr-72	73	42	internal	internal	ADJ
afbr-72	73	43	and	and	CCONJ
afbr-72	73	44	external	external	ADJ
afbr-72	73	45	funds	fund	NOUN
afbr-72	73	46	can	can	AUX
afbr-72	73	47	be	be	AUX
afbr-72	73	48	perfectly	perfectly	ADV
afbr-72	73	49	substituted	substitute	VERB
afbr-72	73	50	.	.	PUNCT
afbr-72	74	1	the	the	DET
afbr-72	74	2	m	m	PROPN
afbr-72	74	3	-	-	PUNCT
afbr-72	74	4	m	m	PROPN
afbr-72	74	5	theory	theory	NOUN
afbr-72	74	6	(	(	PUNCT
afbr-72	74	7	1958	1958	NUM
afbr-72	74	8	)	)	PUNCT
afbr-72	74	9	argues	argue	VERB
afbr-72	74	10	that	that	SCONJ
afbr-72	74	11	the	the	DET
afbr-72	74	12	value	value	NOUN
afbr-72	74	13	of	of	ADP
afbr-72	74	14	a	a	DET
afbr-72	74	15	firm	firm	NOUN
afbr-72	74	16	should	should	AUX
afbr-72	74	17	not	not	PART
afbr-72	74	18	depend	depend	VERB
afbr-72	74	19	on	on	ADP
afbr-72	74	20	its	its	PRON
afbr-72	74	21	capital	capital	NOUN
afbr-72	74	22	structure	structure	NOUN
afbr-72	74	23	.	.	PUNCT
afbr-72	75	1	the	the	DET
afbr-72	75	2	theory	theory	NOUN
afbr-72	75	3	argued	argue	VERB
afbr-72	75	4	further	far	ADV
afbr-72	75	5	that	that	SCONJ
afbr-72	75	6	a	a	DET
afbr-72	75	7	firm	firm	NOUN
afbr-72	75	8	should	should	AUX
afbr-72	75	9	have	have	VERB
afbr-72	75	10	the	the	DET
afbr-72	75	11	same	same	ADJ
afbr-72	75	12	market	market	NOUN
afbr-72	75	13	value	value	NOUN
afbr-72	75	14	and	and	CCONJ
afbr-72	75	15	the	the	DET
afbr-72	75	16	same	same	ADJ
afbr-72	75	17	weighted	weight	VERB
afbr-72	75	18	average	average	ADJ
afbr-72	75	19	cost	cost	NOUN
afbr-72	75	20	of	of	ADP
afbr-72	75	21	capital	capital	NOUN
afbr-72	75	22	(	(	PUNCT
afbr-72	75	23	wacc	wacc	PROPN
afbr-72	75	24	)	)	PUNCT
afbr-72	75	25	at	at	ADP
afbr-72	75	26	all	all	DET
afbr-72	75	27	capital	capital	NOUN
afbr-72	75	28	structure	structure	NOUN
afbr-72	75	29	levels	level	NOUN
afbr-72	75	30	because	because	SCONJ
afbr-72	75	31	the	the	DET
afbr-72	75	32	value	value	NOUN
afbr-72	75	33	of	of	ADP
afbr-72	75	34	a	a	DET
afbr-72	75	35	company	company	NOUN
afbr-72	75	36	should	should	AUX
afbr-72	75	37	depend	depend	VERB
afbr-72	75	38	on	on	ADP
afbr-72	75	39	the	the	DET
afbr-72	75	40	return	return	NOUN
afbr-72	75	41	and	and	CCONJ
afbr-72	75	42	risks	risk	NOUN
afbr-72	75	43	of	of	ADP
afbr-72	75	44	its	its	PRON
afbr-72	75	45	operation	operation	NOUN
afbr-72	75	46	and	and	CCONJ
afbr-72	75	47	not	not	PART
afbr-72	75	48	on	on	ADP
afbr-72	75	49	the	the	DET
afbr-72	75	50	way	way	NOUN
afbr-72	75	51	it	it	PRON
afbr-72	75	52	finances	finance	VERB
afbr-72	75	53	those	those	DET
afbr-72	75	54	operations	operation	NOUN
afbr-72	75	55	.	.	PUNCT
afbr-72	76	1	miller	miller	PROPN
afbr-72	76	2	brought	bring	VERB
afbr-72	76	3	forward	forward	ADV
afbr-72	76	4	the	the	DET
afbr-72	76	5	next	next	ADJ
afbr-72	76	6	version	version	NOUN
afbr-72	76	7	of	of	ADP
afbr-72	76	8	irrelevance	irrelevance	NOUN
afbr-72	76	9	theory	theory	NOUN
afbr-72	76	10	of	of	ADP
afbr-72	76	11	capital	capital	NOUN
afbr-72	76	12	structure	structure	NOUN
afbr-72	76	13	.	.	PUNCT
afbr-72	77	1	he	he	PRON
afbr-72	77	2	appealed	appeal	VERB
afbr-72	77	3	that	that	SCONJ
afbr-72	77	4	,	,	PUNCT
afbr-72	77	5	capital	capital	NOUN
afbr-72	77	6	structure	structure	NOUN
afbr-72	77	7	decisions	decision	NOUN
afbr-72	77	8	of	of	ADP
afbr-72	77	9	firms	firm	NOUN
afbr-72	77	10	with	with	ADP
afbr-72	77	11	both	both	CCONJ
afbr-72	77	12	corporate	corporate	ADJ
afbr-72	77	13	and	and	CCONJ
afbr-72	77	14	personal	personal	ADJ
afbr-72	77	15	taxes	taxis	NOUN
afbr-72	77	16	circumstances	circumstance	NOUN
afbr-72	77	17	are	be	AUX
afbr-72	77	18	irrelevant	irrelevant	ADJ
afbr-72	77	19	(	(	PUNCT
afbr-72	77	20	miller	miller	NOUN
afbr-72	77	21	1977	1977	NUM
afbr-72	77	22	)	)	PUNCT
afbr-72	77	23	.	.	PUNCT
afbr-72	78	1	they	they	PRON
afbr-72	78	2	first	first	ADV
afbr-72	78	3	hypothesized	hypothesize	VERB
afbr-72	78	4	that	that	SCONJ
afbr-72	78	5	if	if	SCONJ
afbr-72	78	6	markets	market	NOUN
afbr-72	78	7	are	be	AUX
afbr-72	78	8	perfectly	perfectly	ADV
afbr-72	78	9	competitive	competitive	ADJ
afbr-72	78	10	,	,	PUNCT
afbr-72	78	11	firm	firm	ADJ
afbr-72	78	12	performance	performance	NOUN
afbr-72	78	13	will	will	AUX
afbr-72	78	14	not	not	PART
afbr-72	78	15	be	be	AUX
afbr-72	78	16	related	relate	VERB
afbr-72	78	17	to	to	ADP
afbr-72	78	18	capital	capital	NOUN
afbr-72	78	19	structure	structure	NOUN
afbr-72	78	20	,	,	PUNCT
afbr-72	78	21	there	there	ADV
afbr-72	78	22	by	by	ADP
afbr-72	78	23	suggesting	suggest	VERB
afbr-72	78	24	no	no	DET
afbr-72	78	25	significant	significant	ADJ
afbr-72	78	26	relationship	relationship	NOUN
afbr-72	78	27	between	between	ADP
afbr-72	78	28	a	a	DET
afbr-72	78	29	firm„s	firm„s	NOUN
afbr-72	78	30	capital	capital	NOUN
afbr-72	78	31	structure	structure	NOUN
afbr-72	78	32	and	and	CCONJ
afbr-72	78	33	its	its	PRON
afbr-72	78	34	performance	performance	NOUN
afbr-72	78	35	.	.	PUNCT
afbr-72	79	1	the	the	DET
afbr-72	79	2	value	value	NOUN
afbr-72	79	3	of	of	ADP
afbr-72	79	4	the	the	DET
afbr-72	79	5	firm	firm	NOUN
afbr-72	79	6	is	be	AUX
afbr-72	79	7	similarly	similarly	ADV
afbr-72	79	8	unaffected	unaffected	ADJ
afbr-72	79	9	by	by	ADP
afbr-72	79	10	its	its	PRON
afbr-72	79	11	financial	financial	ADJ
afbr-72	79	12	structure	structure	NOUN
afbr-72	79	13	.	.	PUNCT
afbr-72	80	1	their	their	PRON
afbr-72	80	2	assumptions	assumption	NOUN
afbr-72	80	3	of	of	ADP
afbr-72	80	4	a	a	DET
afbr-72	80	5	perfectly	perfectly	ADV
afbr-72	80	6	competitive	competitive	ADJ
afbr-72	80	7	market	market	NOUN
afbr-72	80	8	exclude	exclude	VERB
afbr-72	80	9	the	the	DET
afbr-72	80	10	impacts	impact	NOUN
afbr-72	80	11	tax	tax	NOUN
afbr-72	80	12	,	,	PUNCT
afbr-72	80	13	inflation	inflation	NOUN
afbr-72	80	14	and	and	CCONJ
afbr-72	80	15	transaction	transaction	NOUN
afbr-72	80	16	costs	cost	NOUN
afbr-72	80	17	associated	associate	VERB
afbr-72	80	18	with	with	ADP
afbr-72	80	19	raising	raise	VERB
afbr-72	80	20	money	money	NOUN
afbr-72	80	21	or	or	CCONJ
afbr-72	80	22	going	go	VERB
afbr-72	80	23	bankrupt	bankrupt	ADJ
afbr-72	80	24	.	.	PUNCT
afbr-72	81	1	in	in	ADP
afbr-72	81	2	addition	addition	NOUN
afbr-72	81	3	they	they	PRON
afbr-72	81	4	also	also	ADV
afbr-72	81	5	assume	assume	VERB
afbr-72	81	6	that	that	SCONJ
afbr-72	81	7	disclosure	disclosure	NOUN
afbr-72	81	8	of	of	ADP
afbr-72	81	9	all	all	DET
afbr-72	81	10	information	information	NOUN
afbr-72	81	11	is	be	AUX
afbr-72	81	12	credible	credible	ADJ
afbr-72	81	13	,	,	PUNCT
afbr-72	81	14	thus	thus	ADV
afbr-72	81	15	there	there	PRON
afbr-72	81	16	is	be	VERB
afbr-72	81	17	no	no	DET
afbr-72	81	18	information	information	NOUN
afbr-72	81	19	asymmetry	asymmetry	NOUN
afbr-72	81	20	(	(	PUNCT
afbr-72	81	21	hamada	hamada	PROPN
afbr-72	81	22	,	,	PUNCT
afbr-72	81	23	1969	1969	NUM
afbr-72	81	24	and	and	CCONJ
afbr-72	81	25	hatfield	hatfield	PROPN
afbr-72	81	26	et.al	et.al	PROPN
afbr-72	81	27	,	,	PUNCT
afbr-72	81	28	1994	1994	NUM
afbr-72	81	29	)	)	PUNCT
afbr-72	81	30	.	.	PUNCT
afbr-72	82	1			PROPN
afbr-72	83	1	static	static	ADJ
afbr-72	83	2	trade	trade	NOUN
afbr-72	83	3	-	-	PUNCT
afbr-72	83	4	off	off	ADP
afbr-72	83	5	theory	theory	NOUN
afbr-72	83	6	kraus	kraus	PROPN
afbr-72	83	7	and	and	CCONJ
afbr-72	83	8	litzenberger	litzenberger	NOUN
afbr-72	83	9	(	(	PUNCT
afbr-72	83	10	1973	1973	NUM
afbr-72	83	11	)	)	PUNCT
afbr-72	83	12	opined	opine	VERB
afbr-72	83	13	that	that	SCONJ
afbr-72	83	14	the	the	DET
afbr-72	83	15	static	static	ADJ
afbr-72	83	16	trade	trade	NOUN
afbr-72	83	17	-	-	PUNCT
afbr-72	83	18	off	off	ADP
afbr-72	83	19	theory	theory	NOUN
afbr-72	83	20	assumes	assume	VERB
afbr-72	83	21	that	that	SCONJ
afbr-72	83	22	firm‟s	firm‟s	ADJ
afbr-72	83	23	trade	trade	NOUN
afbr-72	83	24	-	-	PUNCT
afbr-72	83	25	off	off	NOUN
afbr-72	83	26	the	the	DET
afbr-72	83	27	benefits	benefit	NOUN
afbr-72	83	28	and	and	CCONJ
afbr-72	83	29	costs	cost	NOUN
afbr-72	83	30	of	of	ADP
afbr-72	83	31	debt	debt	NOUN
afbr-72	83	32	and	and	CCONJ
afbr-72	83	33	equity	equity	NOUN
afbr-72	83	34	financing	financing	NOUN
afbr-72	83	35	and	and	CCONJ
afbr-72	83	36	find	find	VERB
afbr-72	83	37	an	an	DET
afbr-72	83	38	optimal	optimal	ADJ
afbr-72	83	39	capital	capital	NOUN
afbr-72	83	40	structure	structure	NOUN
afbr-72	83	41	after	after	ADP
afbr-72	83	42	accounting	account	VERB
afbr-72	83	43	for	for	ADP
afbr-72	83	44	market	market	NOUN
afbr-72	83	45	imperfections	imperfection	NOUN
afbr-72	83	46	such	such	ADJ
afbr-72	83	47	as	as	ADP
afbr-72	83	48	taxes	taxis	NOUN
afbr-72	83	49	,	,	PUNCT
afbr-72	83	50	bankruptcy	bankruptcy	NOUN
afbr-72	83	51	costs	cost	NOUN
afbr-72	83	52	and	and	CCONJ
afbr-72	83	53	agency	agency	NOUN
afbr-72	83	54	costs	cost	NOUN
afbr-72	83	55	.	.	PUNCT
afbr-72	84	1	the	the	DET
afbr-72	84	2	theory	theory	NOUN
afbr-72	84	3	states	state	VERB
afbr-72	84	4	that	that	SCONJ
afbr-72	84	5	there	there	PRON
afbr-72	84	6	is	be	VERB
afbr-72	84	7	a	a	DET
afbr-72	84	8	benefit	benefit	NOUN
afbr-72	84	9	to	to	ADP
afbr-72	84	10	financing	financing	NOUN
afbr-72	84	11	with	with	ADP
afbr-72	84	12	debt	debt	NOUN
afbr-72	84	13	,	,	PUNCT
afbr-72	84	14	specifically	specifically	ADV
afbr-72	84	15	the	the	DET
afbr-72	84	16	tax	tax	NOUN
afbr-72	84	17	benefit	benefit	NOUN
afbr-72	84	18	.	.	PUNCT
afbr-72	85	1	however	however	ADV
afbr-72	85	2	there	there	PRON
afbr-72	85	3	is	be	VERB
afbr-72	85	4	also	also	ADV
afbr-72	85	5	a	a	DET
afbr-72	85	6	cost	cost	NOUN
afbr-72	85	7	of	of	ADP
afbr-72	85	8	financing	financing	NOUN
afbr-72	85	9	with	with	ADP
afbr-72	85	10	debt	debt	NOUN
afbr-72	85	11	,	,	PUNCT
afbr-72	85	12	namely	namely	ADV
afbr-72	85	13	the	the	DET
afbr-72	85	14	indirect	indirect	ADJ
afbr-72	85	15	bankruptcy	bankruptcy	NOUN
afbr-72	85	16	costs	cost	NOUN
afbr-72	85	17	and	and	CCONJ
afbr-72	85	18	the	the	DET
afbr-72	85	19	more	more	ADV
afbr-72	85	20	direct	direct	ADJ
afbr-72	85	21	financial	financial	ADJ
afbr-72	85	22	distress	distress	NOUN
afbr-72	85	23	costs	cost	NOUN
afbr-72	85	24	of	of	ADP
afbr-72	85	25	debt	debt	NOUN
afbr-72	85	26	.	.	PUNCT
afbr-72	86	1	this	this	PRON
afbr-72	86	2	is	be	AUX
afbr-72	86	3	thus	thus	ADV
afbr-72	86	4	the	the	DET
afbr-72	86	5	trade	trade	NOUN
afbr-72	86	6	-	-	PUNCT
afbr-72	86	7	off	off	NOUN
afbr-72	86	8	that	that	SCONJ
afbr-72	86	9	all	all	DET
afbr-72	86	10	firms	firm	NOUN
afbr-72	86	11	,	,	PUNCT
afbr-72	86	12	whom	whom	PRON
afbr-72	86	13	are	be	AUX
afbr-72	86	14	maximizing	maximize	VERB
afbr-72	86	15	value	value	NOUN
afbr-72	86	16	,	,	PUNCT
afbr-72	86	17	should	should	AUX
afbr-72	86	18	focus	focus	VERB
afbr-72	86	19	on	on	ADP
afbr-72	86	20	when	when	SCONJ
afbr-72	86	21	choosing	choose	VERB
afbr-72	86	22	the	the	DET
afbr-72	86	23	amount	amount	NOUN
afbr-72	86	24	of	of	ADP
afbr-72	86	25	debt	debt	NOUN
afbr-72	86	26	and	and	CCONJ
afbr-72	86	27	equity	equity	NOUN
afbr-72	86	28	needed	need	VERB
afbr-72	86	29	to	to	PART
afbr-72	86	30	finance	finance	VERB
afbr-72	86	31	their	their	PRON
afbr-72	86	32	operations	operation	NOUN
afbr-72	86	33	.	.	PUNCT
afbr-72	87	1	needless	needless	ADJ
afbr-72	87	2	to	to	PART
afbr-72	87	3	say	say	VERB
afbr-72	87	4	,	,	PUNCT
afbr-72	87	5	there	there	PRON
afbr-72	87	6	is	be	VERB
afbr-72	87	7	a	a	DET
afbr-72	87	8	maximum	maximum	ADJ
afbr-72	87	9	point	point	NOUN
afbr-72	87	10	where	where	SCONJ
afbr-72	87	11	the	the	DET
afbr-72	87	12	marginal	marginal	ADJ
afbr-72	87	13	benefit	benefit	NOUN
afbr-72	87	14	of	of	ADP
afbr-72	87	15	further	further	ADJ
afbr-72	87	16	increases	increase	NOUN
afbr-72	87	17	in	in	ADP
afbr-72	87	18	debt	debt	NOUN
afbr-72	87	19	declines	decline	NOUN
afbr-72	87	20	as	as	ADP
afbr-72	87	21	debt	debt	NOUN
afbr-72	87	22	increases	increase	NOUN
afbr-72	87	23	,	,	PUNCT
afbr-72	87	24	whereas	whereas	SCONJ
afbr-72	87	25	the	the	DET
afbr-72	87	26	marginal	marginal	ADJ
afbr-72	87	27	cost	cost	NOUN
afbr-72	87	28	increases	increase	NOUN
afbr-72	87	29	.	.	PUNCT
afbr-72	88	1			PART
afbr-72	88	2	pecking	pecking	NOUN
afbr-72	88	3	order	order	NOUN
afbr-72	88	4	theory	theory	NOUN
afbr-72	88	5	the	the	DET
afbr-72	88	6	pecking	pecking	NOUN
afbr-72	88	7	order	order	NOUN
afbr-72	88	8	theory	theory	NOUN
afbr-72	88	9	of	of	ADP
afbr-72	88	10	capital	capital	NOUN
afbr-72	88	11	structure	structure	NOUN
afbr-72	88	12	as	as	SCONJ
afbr-72	88	13	introduced	introduce	VERB
afbr-72	88	14	by	by	ADP
afbr-72	88	15	donaldson	donaldson	PROPN
afbr-72	88	16	(	(	PUNCT
afbr-72	88	17	1961	1961	NUM
afbr-72	88	18	)	)	PUNCT
afbr-72	88	19	is	be	AUX
afbr-72	88	20	among	among	ADP
afbr-72	88	21	the	the	DET
afbr-72	88	22	most	most	ADV
afbr-72	88	23	influential	influential	ADJ
afbr-72	88	24	theories	theory	NOUN
afbr-72	88	25	of	of	ADP
afbr-72	88	26	corporate	corporate	ADJ
afbr-72	88	27	leverage	leverage	NOUN
afbr-72	88	28	.	.	PUNCT
afbr-72	89	1	it	it	PRON
afbr-72	89	2	goes	go	VERB
afbr-72	89	3	contrary	contrary	ADV
afbr-72	89	4	to	to	ADP
afbr-72	89	5	the	the	DET
afbr-72	89	6	idea	idea	NOUN
afbr-72	89	7	of	of	ADP
afbr-72	89	8	firms	firm	NOUN
afbr-72	89	9	having	have	VERB
afbr-72	89	10	a	a	DET
afbr-72	89	11	unique	unique	ADJ
afbr-72	89	12	combination	combination	NOUN
afbr-72	89	13	of	of	ADP
afbr-72	89	14	debt	debt	NOUN
afbr-72	89	15	and	and	CCONJ
afbr-72	89	16	equity	equity	NOUN
afbr-72	89	17	finance	finance	NOUN
afbr-72	89	18	,	,	PUNCT
afbr-72	89	19	which	which	PRON
afbr-72	89	20	minimize	minimize	VERB
afbr-72	89	21	their	their	PRON
afbr-72	89	22	cost	cost	NOUN
afbr-72	89	23	of	of	ADP
afbr-72	89	24	capital	capital	NOUN
afbr-72	89	25	.	.	PUNCT
afbr-72	90	1	the	the	DET
afbr-72	90	2	theory	theory	NOUN
afbr-72	90	3	suggests	suggest	VERB
afbr-72	90	4	that	that	SCONJ
afbr-72	90	5	when	when	SCONJ
afbr-72	90	6	a	a	DET
afbr-72	90	7	firm	firm	NOUN
afbr-72	90	8	is	be	AUX
afbr-72	90	9	looking	look	VERB
afbr-72	90	10	for	for	ADP
afbr-72	90	11	ways	way	NOUN
afbr-72	90	12	to	to	PART
afbr-72	90	13	finance	finance	VERB
afbr-72	90	14	its	its	PRON
afbr-72	90	15	long	long	ADJ
afbr-72	90	16	-	-	PUNCT
afbr-72	90	17	term	term	NOUN
afbr-72	90	18	investments	investment	NOUN
afbr-72	90	19	,	,	PUNCT
afbr-72	90	20	it	it	PRON
afbr-72	90	21	has	have	VERB
afbr-72	90	22	a	a	DET
afbr-72	90	23	well	well	ADV
afbr-72	90	24	-	-	PUNCT
afbr-72	90	25	defined	define	VERB
afbr-72	90	26	order	order	NOUN
afbr-72	90	27	of	of	ADP
afbr-72	90	28	preference	preference	NOUN
afbr-72	90	29	with	with	ADP
afbr-72	90	30	respect	respect	NOUN
afbr-72	90	31	to	to	ADP
afbr-72	90	32	the	the	DET
afbr-72	90	33	sources	source	NOUN
afbr-72	90	34	of	of	ADP
afbr-72	90	35	finance	finance	NOUN
afbr-72	90	36	it	it	PRON
afbr-72	90	37	uses	use	VERB
afbr-72	90	38	.	.	PUNCT
afbr-72	91	1	it	it	PRON
afbr-72	91	2	states	state	VERB
afbr-72	91	3	that	that	SCONJ
afbr-72	91	4	a	a	DET
afbr-72	91	5	firm‟s	firm‟s	NOUN
afbr-72	91	6	first	first	ADJ
afbr-72	91	7	preference	preference	NOUN
afbr-72	91	8	should	should	AUX
afbr-72	91	9	be	be	AUX
afbr-72	91	10	the	the	DET
afbr-72	91	11	utilization	utilization	NOUN
afbr-72	91	12	of	of	ADP
afbr-72	91	13	internal	internal	ADJ
afbr-72	91	14	funds	fund	NOUN
afbr-72	91	15	(	(	PUNCT
afbr-72	91	16	retain	retain	VERB
afbr-72	91	17	earnings	earning	NOUN
afbr-72	91	18	)	)	PUNCT
afbr-72	91	19	,	,	PUNCT
afbr-72	91	20	followed	follow	VERB
afbr-72	91	21	by	by	ADP
afbr-72	91	22	debt	debt	NOUN
afbr-72	91	23	and	and	CCONJ
afbr-72	91	24	then	then	ADV
afbr-72	91	25	external	external	ADJ
afbr-72	91	26	equity	equity	NOUN
afbr-72	91	27	.	.	PUNCT
afbr-72	92	1	he	he	PRON
afbr-72	92	2	argues	argue	VERB
afbr-72	92	3	that	that	SCONJ
afbr-72	92	4	the	the	DET
afbr-72	92	5	more	more	ADV
afbr-72	92	6	profitable	profitable	ADJ
afbr-72	92	7	the	the	DET
afbr-72	92	8	firms	firm	NOUN
afbr-72	92	9	become	become	VERB
afbr-72	92	10	,	,	PUNCT
afbr-72	92	11	the	the	PRON
afbr-72	92	12	lesser	less	ADJ
afbr-72	92	13	they	they	PRON
afbr-72	92	14	borrow	borrow	VERB
afbr-72	92	15	because	because	SCONJ
afbr-72	92	16	they	they	PRON
afbr-72	92	17	would	would	AUX
afbr-72	92	18	have	have	VERB
afbr-72	92	19	sufficient	sufficient	ADJ
afbr-72	92	20	internal	internal	ADJ
afbr-72	92	21	finance	finance	NOUN
afbr-72	92	22	to	to	PART
afbr-72	92	23	undertake	undertake	VERB
afbr-72	92	24	their	their	PRON
afbr-72	92	25	investment	investment	NOUN
afbr-72	92	26	projects	project	NOUN
afbr-72	92	27	.	.	PUNCT
afbr-72	93	1	he	he	PRON
afbr-72	93	2	further	far	ADV
afbr-72	93	3	argues	argue	VERB
afbr-72	93	4	that	that	SCONJ
afbr-72	93	5	it	it	PRON
afbr-72	93	6	is	be	AUX
afbr-72	93	7	when	when	SCONJ
afbr-72	93	8	the	the	DET
afbr-72	93	9	internal	internal	ADJ
afbr-72	93	10	finance	finance	NOUN
afbr-72	93	11	is	be	AUX
afbr-72	93	12	inadequate	inadequate	ADJ
afbr-72	93	13	that	that	SCONJ
afbr-72	93	14	a	a	DET
afbr-72	93	15	firm	firm	NOUN
afbr-72	93	16	should	should	AUX
afbr-72	93	17	source	source	VERB
afbr-72	93	18	for	for	ADP
afbr-72	93	19	external	external	ADJ
afbr-72	93	20	finance	finance	NOUN
afbr-72	93	21	and	and	CCONJ
afbr-72	93	22	most	most	ADV
afbr-72	93	23	preferably	preferably	ADV
afbr-72	93	24	bank	bank	NOUN
afbr-72	93	25	borrowings	borrowing	NOUN
afbr-72	93	26	or	or	CCONJ
afbr-72	93	27	corporate	corporate	ADJ
afbr-72	93	28	bonds	bond	NOUN
afbr-72	93	29	.	.	PUNCT
afbr-72	94	1	and	and	CCONJ
afbr-72	94	2	after	after	ADP
afbr-72	94	3	exhausting	exhaust	VERB
afbr-72	94	4	both	both	CCONJ
afbr-72	94	5	internal	internal	ADJ
afbr-72	94	6	and	and	CCONJ
afbr-72	94	7	bank	bank	NOUN
afbr-72	94	8	borrowing	borrowing	NOUN
afbr-72	94	9	and	and	CCONJ
afbr-72	94	10	corporate	corporate	ADJ
afbr-72	94	11	bonds	bond	NOUN
afbr-72	94	12	,	,	PUNCT
afbr-72	94	13	the	the	DET
afbr-72	94	14	final	final	ADJ
afbr-72	94	15	and	and	CCONJ
afbr-72	94	16	least	least	ADV
afbr-72	94	17	preferred	preferred	ADJ
afbr-72	94	18	source	source	NOUN
afbr-72	94	19	of	of	ADP
afbr-72	94	20	finance	finance	NOUN
afbr-72	94	21	is	be	AUX
afbr-72	94	22	to	to	PART
afbr-72	94	23	issue	issue	VERB
afbr-72	94	24	new	new	ADJ
afbr-72	94	25	equity	equity	NOUN
afbr-72	94	26	capital	capital	NOUN
afbr-72	94	27	.	.	PUNCT
afbr-72	95	1			PROPN
afbr-72	96	1	agency	agency	NOUN
afbr-72	96	2	theory	theory	NOUN
afbr-72	96	3	and	and	CCONJ
afbr-72	96	4	capital	capital	NOUN
afbr-72	96	5	structure	structure	NOUN
afbr-72	96	6	choice	choice	NOUN
afbr-72	96	7	most	most	ADJ
afbr-72	96	8	of	of	ADP
afbr-72	96	9	the	the	DET
afbr-72	96	10	hypotheses	hypothesis	NOUN
afbr-72	96	11	formulated	formulate	VERB
afbr-72	96	12	in	in	ADP
afbr-72	96	13	the	the	DET
afbr-72	96	14	following	following	NOUN
afbr-72	96	15	are	be	AUX
afbr-72	96	16	based	base	VERB
afbr-72	96	17	on	on	ADP
afbr-72	96	18	the	the	DET
afbr-72	96	19	economic	economic	ADJ
afbr-72	96	20	principal	principal	ADJ
afbr-72	96	21	-	-	PUNCT
afbr-72	96	22	agent	agent	NOUN
afbr-72	96	23	theory	theory	NOUN
afbr-72	96	24	,	,	PUNCT
afbr-72	96	25	where	where	SCONJ
afbr-72	96	26	a	a	DET
afbr-72	96	27	positive	positive	ADJ
afbr-72	96	28	effect	effect	NOUN
afbr-72	96	29	stems	stem	VERB
afbr-72	96	30	from	from	ADP
afbr-72	96	31	the	the	DET
afbr-72	96	32	amelioration	amelioration	NOUN
afbr-72	96	33	of	of	ADP
afbr-72	96	34	the	the	DET
afbr-72	96	35	shareholder	shareholder	NOUN
afbr-72	96	36	-	-	PUNCT
afbr-72	96	37	management	management	NOUN
afbr-72	96	38	conflict	conflict	NOUN
afbr-72	96	39	,	,	PUNCT
afbr-72	96	40	by	by	ADP
afbr-72	96	41	disciplining	discipline	VERB
afbr-72	96	42	the	the	DET
afbr-72	96	43	management	management	NOUN
afbr-72	96	44	.	.	PUNCT
afbr-72	97	1	analogously	analogously	ADV
afbr-72	97	2	,	,	PUNCT
afbr-72	97	3	an	an	DET
afbr-72	97	4	aggravation	aggravation	NOUN
afbr-72	97	5	of	of	ADP
afbr-72	97	6	the	the	DET
afbr-72	97	7	conflict	conflict	NOUN
afbr-72	97	8	results	result	NOUN
afbr-72	97	9	in	in	ADP
afbr-72	97	10	a	a	DET
afbr-72	97	11	negative	negative	ADJ
afbr-72	97	12	effect	effect	NOUN
afbr-72	97	13	.	.	PUNCT
afbr-72	98	1	the	the	DET
afbr-72	98	2	principal	principal	ADJ
afbr-72	98	3	-	-	PUNCT
afbr-72	98	4	agent	agent	NOUN
afbr-72	98	5	theory	theory	NOUN
afbr-72	98	6	is	be	AUX
afbr-72	98	7	part	part	NOUN
afbr-72	98	8	of	of	ADP
afbr-72	98	9	the	the	DET
afbr-72	98	10	new	new	ADJ
afbr-72	98	11	institutional	institutional	ADJ
afbr-72	98	12	economics	economic	NOUN
afbr-72	98	13	,	,	PUNCT
afbr-72	98	14	which	which	PRON
afbr-72	98	15	developed	develop	VERB
afbr-72	98	16	as	as	ADP
afbr-72	98	17	extension	extension	NOUN
afbr-72	98	18	of	of	ADP
afbr-72	98	19	the	the	DET
afbr-72	98	20	neoclassicism	neoclassicism	NOUN
afbr-72	98	21	.	.	PUNCT
afbr-72	99	1	it	it	PRON
afbr-72	99	2	abandons	abandon	VERB
afbr-72	99	3	the	the	DET
afbr-72	99	4	assumption	assumption	NOUN
afbr-72	99	5	of	of	ADP
afbr-72	99	6	a	a	DET
afbr-72	99	7	complete	complete	ADJ
afbr-72	99	8	market	market	NOUN
afbr-72	99	9	by	by	ADP
afbr-72	99	10	allowing	allow	VERB
afbr-72	99	11	informational	informational	ADJ
afbr-72	99	12	asymmetries	asymmetry	NOUN
afbr-72	99	13	and	and	CCONJ
afbr-72	99	14	transaction	transaction	NOUN
afbr-72	99	15	costs	cost	NOUN
afbr-72	99	16	to	to	PART
afbr-72	99	17	cause	cause	VERB
afbr-72	99	18	prime	prime	ADJ
afbr-72	99	19	equity	equity	NOUN
afbr-72	99	20	,	,	PUNCT
afbr-72	99	21	leveraged	leveraged	ADJ
afbr-72	99	22	structure	structure	NOUN
afbr-72	99	23	and	and	CCONJ
afbr-72	99	24	corporate	corporate	ADJ
afbr-72	99	25	earnings	earning	NOUN
afbr-72	99	26	in	in	ADP
afbr-72	99	27	nigeria	nigeria	PROPN
afbr-72	99	28	:	:	PUNCT
afbr-72	99	29	a	a	DET
afbr-72	99	30	comparative	comparative	ADJ
afbr-72	99	31	analysis	analysis	NOUN
afbr-72	99	32	lucky	lucky	ADJ
afbr-72	99	33	anyike	anyike	ADP
afbr-72	99	34	lucky	lucky	ADJ
afbr-72	99	35	and	and	CCONJ
afbr-72	99	36	akobundu	akobundu	ADJ
afbr-72	99	37	charles	charle	NOUN
afbr-72	99	38	echewodo	echewodo	NOUN
afbr-72	99	39	30	30	NUM
afbr-72	99	40	incomplete	incomplete	ADJ
afbr-72	99	41	contracts	contract	NOUN
afbr-72	99	42	.	.	PUNCT
afbr-72	100	1	this	this	PRON
afbr-72	100	2	leads	lead	VERB
afbr-72	100	3	to	to	ADP
afbr-72	100	4	a	a	DET
afbr-72	100	5	methodological	methodological	ADJ
afbr-72	100	6	individualism	individualism	NOUN
afbr-72	100	7	,	,	PUNCT
afbr-72	100	8	which	which	PRON
afbr-72	100	9	does	do	AUX
afbr-72	100	10	no	no	ADV
afbr-72	100	11	longer	long	ADV
afbr-72	100	12	consider	consider	VERB
afbr-72	100	13	institutions	institution	NOUN
afbr-72	100	14	as	as	ADP
afbr-72	100	15	profit	profit	NOUN
afbr-72	100	16	maximizing	maximize	VERB
afbr-72	100	17	collectives	collective	NOUN
afbr-72	100	18	,	,	PUNCT
afbr-72	100	19	but	but	CCONJ
afbr-72	100	20	as	as	ADP
afbr-72	100	21	a	a	DET
afbr-72	100	22	“	"	PUNCT
afbr-72	100	23	nexus	nexus	NOUN
afbr-72	100	24	for	for	ADP
afbr-72	100	25	a	a	DET
afbr-72	100	26	complex	complex	ADJ
afbr-72	100	27	set	set	NOUN
afbr-72	100	28	of	of	ADP
afbr-72	100	29	explicit	explicit	ADJ
afbr-72	100	30	and	and	CCONJ
afbr-72	100	31	implicit	implicit	ADJ
afbr-72	100	32	contracts	contract	NOUN
afbr-72	100	33	of	of	ADP
afbr-72	100	34	individuals	individual	NOUN
afbr-72	100	35	.	.	PUNCT
afbr-72	101	1	consequently	consequently	ADV
afbr-72	101	2	,	,	PUNCT
afbr-72	101	3	the	the	DET
afbr-72	101	4	economic	economic	ADJ
afbr-72	101	5	focus	focus	NOUN
afbr-72	101	6	on	on	ADP
afbr-72	101	7	markets	market	NOUN
afbr-72	101	8	is	be	AUX
afbr-72	101	9	shifted	shift	VERB
afbr-72	101	10	to	to	ADP
afbr-72	101	11	man	man	NOUN
afbr-72	101	12	-	-	PUNCT
afbr-72	101	13	made	make	VERB
afbr-72	101	14	institutions	institution	NOUN
afbr-72	101	15	,	,	PUNCT
afbr-72	101	16	incorporating	incorporate	VERB
afbr-72	101	17	the	the	DET
afbr-72	101	18	individual	individual	NOUN
afbr-72	101	19	into	into	ADP
afbr-72	101	20	economic	economic	ADJ
afbr-72	101	21	theory	theory	NOUN
afbr-72	101	22	.	.	PUNCT
afbr-72	102	1	the	the	DET
afbr-72	102	2	agency	agency	NOUN
afbr-72	102	3	theory	theory	NOUN
afbr-72	102	4	in	in	ADP
afbr-72	102	5	particular	particular	ADJ
afbr-72	102	6	analyzes	analyze	VERB
afbr-72	102	7	the	the	DET
afbr-72	102	8	contractual	contractual	ADJ
afbr-72	102	9	conflicts	conflict	NOUN
afbr-72	102	10	arising	arise	VERB
afbr-72	102	11	from	from	ADP
afbr-72	102	12	informational	informational	ADJ
afbr-72	102	13	asymmetry	asymmetry	NOUN
afbr-72	102	14	.	.	PUNCT
afbr-72	103	1	an	an	DET
afbr-72	103	2	agency	agency	NOUN
afbr-72	103	3	relation	relation	NOUN
afbr-72	103	4	is	be	AUX
afbr-72	103	5	based	base	VERB
afbr-72	103	6	on	on	ADP
afbr-72	103	7	an	an	DET
afbr-72	103	8	explicit	explicit	ADJ
afbr-72	103	9	or	or	CCONJ
afbr-72	103	10	implicit	implicit	ADJ
afbr-72	103	11	contract	contract	NOUN
afbr-72	103	12	between	between	ADP
afbr-72	103	13	the	the	DET
afbr-72	103	14	agent	agent	NOUN
afbr-72	103	15	and	and	CCONJ
afbr-72	103	16	the	the	DET
afbr-72	103	17	principal	principal	NOUN
afbr-72	103	18	delegating	delegate	VERB
afbr-72	103	19	decision	decision	NOUN
afbr-72	103	20	power	power	NOUN
afbr-72	103	21	to	to	ADP
afbr-72	103	22	the	the	DET
afbr-72	103	23	agent	agent	NOUN
afbr-72	103	24	.	.	PUNCT
afbr-72	104	1	due	due	ADP
afbr-72	104	2	to	to	ADP
afbr-72	104	3	the	the	DET
afbr-72	104	4	contract	contract	NOUN
afbr-72	104	5	,	,	PUNCT
afbr-72	104	6	the	the	DET
afbr-72	104	7	agent‟s	agent‟s	PROPN
afbr-72	104	8	actions	action	NOUN
afbr-72	104	9	influence	influence	VERB
afbr-72	104	10	the	the	DET
afbr-72	104	11	utility	utility	NOUN
afbr-72	104	12	of	of	ADP
afbr-72	104	13	both	both	CCONJ
afbr-72	104	14	contractual	contractual	ADJ
afbr-72	104	15	partners	partner	NOUN
afbr-72	104	16	.	.	PUNCT
afbr-72	105	1	however	however	ADV
afbr-72	105	2	,	,	PUNCT
afbr-72	105	3	the	the	DET
afbr-72	105	4	agent	agent	NOUN
afbr-72	105	5	behaves	behave	VERB
afbr-72	105	6	opportunistically	opportunistically	ADV
afbr-72	105	7	maximizing	maximize	VERB
afbr-72	105	8	his	his	PRON
afbr-72	105	9	profit	profit	NOUN
afbr-72	105	10	regardless	regardless	ADV
afbr-72	105	11	of	of	ADP
afbr-72	105	12	the	the	DET
afbr-72	105	13	principal‟s	principal‟s	ADJ
afbr-72	105	14	interests	interest	NOUN
afbr-72	105	15	.	.	PUNCT
afbr-72	106	1	in	in	ADP
afbr-72	106	2	the	the	DET
afbr-72	106	3	case	case	NOUN
afbr-72	106	4	of	of	ADP
afbr-72	106	5	incomplete	incomplete	ADJ
afbr-72	106	6	informational	informational	ADJ
afbr-72	106	7	structures	structure	NOUN
afbr-72	106	8	for	for	ADP
afbr-72	106	9	the	the	DET
afbr-72	106	10	benefit	benefit	NOUN
afbr-72	106	11	of	of	ADP
afbr-72	106	12	the	the	DET
afbr-72	106	13	agent	agent	NOUN
afbr-72	106	14	,	,	PUNCT
afbr-72	106	15	the	the	DET
afbr-72	106	16	principal	principal	NOUN
afbr-72	106	17	can	can	AUX
afbr-72	106	18	not	not	PART
afbr-72	106	19	prevent	prevent	VERB
afbr-72	106	20	those	those	DET
afbr-72	106	21	harming	harm	VERB
afbr-72	106	22	actions	action	NOUN
afbr-72	106	23	.	.	PUNCT
afbr-72	107	1	consequently	consequently	ADV
afbr-72	107	2	,	,	PUNCT
afbr-72	107	3	an	an	DET
afbr-72	107	4	agency	agency	NOUN
afbr-72	107	5	conflict	conflict	NOUN
afbr-72	107	6	requires	require	VERB
afbr-72	107	7	two	two	NUM
afbr-72	107	8	conditions	condition	NOUN
afbr-72	107	9	,	,	PUNCT
afbr-72	107	10	a	a	DET
afbr-72	107	11	conflict	conflict	NOUN
afbr-72	107	12	of	of	ADP
afbr-72	107	13	interest	interest	NOUN
afbr-72	107	14	through	through	ADP
afbr-72	107	15	diverging	diverge	VERB
afbr-72	107	16	utility	utility	NOUN
afbr-72	107	17	functions	function	NOUN
afbr-72	107	18	of	of	ADP
afbr-72	107	19	the	the	DET
afbr-72	107	20	principal	principal	NOUN
afbr-72	107	21	and	and	CCONJ
afbr-72	107	22	the	the	DET
afbr-72	107	23	agent	agent	NOUN
afbr-72	107	24	as	as	ADV
afbr-72	107	25	well	well	ADV
afbr-72	107	26	as	as	ADP
afbr-72	107	27	the	the	DET
afbr-72	107	28	existence	existence	NOUN
afbr-72	107	29	of	of	ADP
afbr-72	107	30	informational	informational	ADJ
afbr-72	107	31	asymmetries	asymmetry	NOUN
afbr-72	107	32	.	.	PUNCT
afbr-72	108	1			X
afbr-72	109	1	empirical	empirical	ADJ
afbr-72	109	2	review	review	NOUN
afbr-72	109	3	anyamaobi	anyamaobi	NOUN
afbr-72	109	4	and	and	CCONJ
afbr-72	109	5	lucky	lucky	ADJ
afbr-72	109	6	(	(	PUNCT
afbr-72	109	7	2017	2017	NUM
afbr-72	109	8	)	)	PUNCT
afbr-72	109	9	examined	examine	VERB
afbr-72	109	10	corporate	corporate	ADJ
afbr-72	109	11	characteristics	characteristic	NOUN
afbr-72	109	12	and	and	CCONJ
afbr-72	109	13	value	value	NOUN
afbr-72	109	14	creation	creation	NOUN
afbr-72	109	15	of	of	ADP
afbr-72	109	16	quoted	quote	VERB
afbr-72	109	17	manufacturing	manufacturing	NOUN
afbr-72	109	18	firms	firm	NOUN
afbr-72	109	19	in	in	ADP
afbr-72	109	20	nigeria	nigeria	PROPN
afbr-72	109	21	.	.	PUNCT
afbr-72	110	1	the	the	DET
afbr-72	110	2	objective	objective	NOUN
afbr-72	110	3	was	be	AUX
afbr-72	110	4	to	to	PART
afbr-72	110	5	examine	examine	VERB
afbr-72	110	6	if	if	SCONJ
afbr-72	110	7	factors	factor	NOUN
afbr-72	110	8	within	within	ADP
afbr-72	110	9	the	the	DET
afbr-72	110	10	control	control	NOUN
afbr-72	110	11	of	of	ADP
afbr-72	110	12	management	management	NOUN
afbr-72	110	13	affects	affect	VERB
afbr-72	110	14	corporate	corporate	ADJ
afbr-72	110	15	value	value	NOUN
afbr-72	110	16	.	.	PUNCT
afbr-72	111	1	cross	cross	PROPN
afbr-72	111	2	sectional	sectional	ADJ
afbr-72	111	3	data	datum	NOUN
afbr-72	111	4	was	be	AUX
afbr-72	111	5	sourced	source	VERB
afbr-72	111	6	from	from	ADP
afbr-72	111	7	financial	financial	ADJ
afbr-72	111	8	statement	statement	NOUN
afbr-72	111	9	of	of	ADP
afbr-72	111	10	twenty	twenty	NUM
afbr-72	111	11	quoted	quote	VERB
afbr-72	111	12	manufacturing	manufacturing	NOUN
afbr-72	111	13	firms	firm	NOUN
afbr-72	111	14	.	.	PUNCT
afbr-72	112	1	market	market	NOUN
afbr-72	112	2	value	value	NOUN
afbr-72	112	3	was	be	AUX
afbr-72	112	4	proxy	proxy	ADJ
afbr-72	112	5	for	for	ADP
afbr-72	112	6	dependent	dependent	ADJ
afbr-72	112	7	variable	variable	NOUN
afbr-72	112	8	while	while	SCONJ
afbr-72	112	9	asset	asset	NOUN
afbr-72	112	10	tangibility	tangibility	NOUN
afbr-72	112	11	,	,	PUNCT
afbr-72	112	12	return	return	VERB
afbr-72	112	13	on	on	ADP
afbr-72	112	14	investment	investment	NOUN
afbr-72	112	15	,	,	PUNCT
afbr-72	112	16	risk	risk	NOUN
afbr-72	112	17	,	,	PUNCT
afbr-72	112	18	liquidity	liquidity	NOUN
afbr-72	112	19	,	,	PUNCT
afbr-72	112	20	firm	firm	ADJ
afbr-72	112	21	size	size	NOUN
afbr-72	112	22	,	,	PUNCT
afbr-72	112	23	debt	debt	NOUN
afbr-72	112	24	equity	equity	NOUN
afbr-72	112	25	ratio	ratio	NOUN
afbr-72	112	26	,	,	PUNCT
afbr-72	112	27	dividend	dividend	VERB
afbr-72	112	28	payout	payout	NOUN
afbr-72	112	29	ratio	ratio	NOUN
afbr-72	112	30	,	,	PUNCT
afbr-72	112	31	retention	retention	NOUN
afbr-72	112	32	ratio	ratio	NOUN
afbr-72	112	33	,	,	PUNCT
afbr-72	112	34	corporate	corporate	ADJ
afbr-72	112	35	governance	governance	NOUN
afbr-72	112	36	,	,	PUNCT
afbr-72	112	37	management	management	NOUN
afbr-72	112	38	efficiency	efficiency	NOUN
afbr-72	112	39	and	and	CCONJ
afbr-72	112	40	cost	cost	NOUN
afbr-72	112	41	of	of	ADP
afbr-72	112	42	capital	capital	NOUN
afbr-72	112	43	was	be	AUX
afbr-72	112	44	proxy	proxy	ADJ
afbr-72	112	45	for	for	ADP
afbr-72	112	46	independent	independent	ADJ
afbr-72	112	47	variables	variable	NOUN
afbr-72	112	48	.	.	PUNCT
afbr-72	113	1	after	after	ADP
afbr-72	113	2	cross	cross	NOUN
afbr-72	113	3	examination	examination	NOUN
afbr-72	113	4	of	of	ADP
afbr-72	113	5	the	the	DET
afbr-72	113	6	validity	validity	NOUN
afbr-72	113	7	of	of	ADP
afbr-72	113	8	the	the	DET
afbr-72	113	9	pooled	pooled	ADJ
afbr-72	113	10	effect	effect	NOUN
afbr-72	113	11	,	,	PUNCT
afbr-72	113	12	fixed	fix	VERB
afbr-72	113	13	effect	effect	NOUN
afbr-72	113	14	and	and	CCONJ
afbr-72	113	15	the	the	DET
afbr-72	113	16	random	random	ADJ
afbr-72	113	17	effect	effect	NOUN
afbr-72	113	18	,	,	PUNCT
afbr-72	113	19	the	the	DET
afbr-72	113	20	study	study	NOUN
afbr-72	113	21	accepts	accept	VERB
afbr-72	113	22	the	the	DET
afbr-72	113	23	fixed	fixed	ADJ
afbr-72	113	24	effect	effect	NOUN
afbr-72	113	25	model	model	NOUN
afbr-72	113	26	.	.	PUNCT
afbr-72	114	1	findings	finding	NOUN
afbr-72	114	2	reveal	reveal	VERB
afbr-72	114	3	that	that	SCONJ
afbr-72	114	4	assets	asset	NOUN
afbr-72	114	5	tangibility	tangibility	NOUN
afbr-72	114	6	,	,	PUNCT
afbr-72	114	7	return	return	VERB
afbr-72	114	8	on	on	ADP
afbr-72	114	9	investment	investment	NOUN
afbr-72	114	10	,	,	PUNCT
afbr-72	114	11	debt	debt	NOUN
afbr-72	114	12	equity	equity	NOUN
afbr-72	114	13	ratio	ratio	NOUN
afbr-72	114	14	,	,	PUNCT
afbr-72	114	15	retention	retention	NOUN
afbr-72	114	16	ratio	ratio	NOUN
afbr-72	114	17	,	,	PUNCT
afbr-72	114	18	management	management	NOUN
afbr-72	114	19	efficiency	efficiency	NOUN
afbr-72	114	20	and	and	CCONJ
afbr-72	114	21	cost	cost	NOUN
afbr-72	114	22	of	of	ADP
afbr-72	114	23	capital	capital	NOUN
afbr-72	114	24	have	have	VERB
afbr-72	114	25	positive	positive	ADJ
afbr-72	114	26	effect	effect	NOUN
afbr-72	114	27	on	on	ADP
afbr-72	114	28	the	the	DET
afbr-72	114	29	market	market	NOUN
afbr-72	114	30	value	value	NOUN
afbr-72	114	31	of	of	ADP
afbr-72	114	32	the	the	DET
afbr-72	114	33	quoted	quote	VERB
afbr-72	114	34	manufacturing	manufacturing	NOUN
afbr-72	114	35	firms	firm	NOUN
afbr-72	114	36	while	while	SCONJ
afbr-72	114	37	risk	risk	NOUN
afbr-72	114	38	,	,	PUNCT
afbr-72	114	39	liquidity	liquidity	NOUN
afbr-72	114	40	,	,	PUNCT
afbr-72	114	41	firm	firm	ADJ
afbr-72	114	42	size	size	NOUN
afbr-72	114	43	and	and	CCONJ
afbr-72	114	44	corporate	corporate	ADJ
afbr-72	114	45	governance	governance	NOUN
afbr-72	114	46	have	have	VERB
afbr-72	114	47	negative	negative	ADJ
afbr-72	114	48	effect	effect	NOUN
afbr-72	114	49	on	on	ADP
afbr-72	114	50	the	the	DET
afbr-72	114	51	market	market	NOUN
afbr-72	114	52	value	value	NOUN
afbr-72	114	53	.	.	PUNCT
afbr-72	115	1	akani	akani	NOUN
afbr-72	115	2	and	and	CCONJ
afbr-72	115	3	lucky	lucky	ADJ
afbr-72	115	4	(	(	PUNCT
afbr-72	115	5	2016	2016	NUM
afbr-72	115	6	)	)	PUNCT
afbr-72	115	7	examined	examine	VERB
afbr-72	115	8	the	the	DET
afbr-72	115	9	effects	effect	NOUN
afbr-72	115	10	of	of	ADP
afbr-72	115	11	capital	capital	NOUN
afbr-72	115	12	structure	structure	NOUN
afbr-72	115	13	on	on	ADP
afbr-72	115	14	shareholders‟	shareholders‟	NOUN
afbr-72	115	15	value	value	NOUN
afbr-72	115	16	of	of	ADP
afbr-72	115	17	quoted	quote	VERB
afbr-72	115	18	nigerian	nigerian	ADJ
afbr-72	115	19	commercial	commercial	ADJ
afbr-72	115	20	banks	bank	NOUN
afbr-72	115	21	from	from	ADP
afbr-72	115	22	1981	1981	NUM
afbr-72	115	23	–	–	PUNCT
afbr-72	115	24	2014	2014	NUM
afbr-72	115	25	.	.	PUNCT
afbr-72	116	1	the	the	DET
afbr-72	116	2	model	model	NOUN
afbr-72	116	3	built	build	VERB
afbr-72	116	4	for	for	ADP
afbr-72	116	5	the	the	DET
afbr-72	116	6	study	study	NOUN
afbr-72	116	7	proxy	proxy	NOUN
afbr-72	116	8	return	return	NOUN
afbr-72	116	9	on	on	ADP
afbr-72	116	10	investment	investment	NOUN
afbr-72	116	11	(	(	PUNCT
afbr-72	116	12	roi	roi	NOUN
afbr-72	116	13	)	)	PUNCT
afbr-72	116	14	,	,	PUNCT
afbr-72	116	15	equity	equity	NOUN
afbr-72	116	16	price	price	NOUN
afbr-72	116	17	(	(	PUNCT
afbr-72	116	18	eqp	eqp	PROPN
afbr-72	116	19	)	)	PUNCT
afbr-72	116	20	and	and	CCONJ
afbr-72	116	21	earnings	earning	NOUN
afbr-72	116	22	per	per	ADP
afbr-72	116	23	share	share	NOUN
afbr-72	116	24	(	(	PUNCT
afbr-72	116	25	eps	eps	PROPN
afbr-72	116	26	)	)	PUNCT
afbr-72	116	27	as	as	ADP
afbr-72	116	28	dependent	dependent	ADJ
afbr-72	116	29	variables	variable	NOUN
afbr-72	116	30	measuring	measure	VERB
afbr-72	116	31	shareholder‟s	shareholder‟s	NOUN
afbr-72	116	32	value	value	NOUN
afbr-72	116	33	as	as	ADP
afbr-72	116	34	the	the	DET
afbr-72	116	35	function	function	NOUN
afbr-72	116	36	of	of	ADP
afbr-72	116	37	percentage	percentage	NOUN
afbr-72	116	38	in	in	ADP
afbr-72	116	39	debt	debt	NOUN
afbr-72	116	40	capital	capital	NOUN
afbr-72	116	41	to	to	ADP
afbr-72	116	42	total	total	ADJ
afbr-72	116	43	capital	capital	NOUN
afbr-72	116	44	(	(	PUNCT
afbr-72	116	45	dc	dc	PROPN
afbr-72	116	46	/	/	SYM
afbr-72	116	47	tc	tc	NOUN
afbr-72	116	48	)	)	PUNCT
afbr-72	116	49	,	,	PUNCT
afbr-72	116	50	percentage	percentage	NOUN
afbr-72	116	51	of	of	ADP
afbr-72	116	52	equity	equity	NOUN
afbr-72	116	53	capital	capital	NOUN
afbr-72	116	54	to	to	ADP
afbr-72	116	55	total	total	ADJ
afbr-72	116	56	capital	capital	NOUN
afbr-72	116	57	(	(	PUNCT
afbr-72	116	58	eqc	eqc	NOUN
afbr-72	116	59	/	/	SYM
afbr-72	116	60	tc	tc	NOUN
afbr-72	116	61	)	)	PUNCT
afbr-72	116	62	,	,	PUNCT
afbr-72	116	63	percentage	percentage	NOUN
afbr-72	116	64	of	of	ADP
afbr-72	116	65	preference	preference	NOUN
afbr-72	116	66	share	share	NOUN
afbr-72	116	67	capital	capital	NOUN
afbr-72	116	68	to	to	ADP
afbr-72	116	69	total	total	ADJ
afbr-72	116	70	capital	capital	NOUN
afbr-72	116	71	(	(	PUNCT
afbr-72	116	72	psc	psc	PROPN
afbr-72	116	73	/	/	SYM
afbr-72	116	74	tc	tc	PROPN
afbr-72	116	75	as	as	ADP
afbr-72	116	76	independent	independent	ADJ
afbr-72	116	77	variables	variable	NOUN
afbr-72	116	78	)	)	PUNCT
afbr-72	116	79	.	.	PUNCT
afbr-72	117	1	the	the	DET
afbr-72	117	2	econometrics	econometrics	NOUN
afbr-72	117	3	techniques	technique	NOUN
afbr-72	117	4	of	of	ADP
afbr-72	117	5	ordinary	ordinary	ADJ
afbr-72	117	6	least	least	ADJ
afbr-72	117	7	square	square	ADJ
afbr-72	117	8	(	(	PUNCT
afbr-72	117	9	ols	ol	NOUN
afbr-72	117	10	)	)	PUNCT
afbr-72	117	11	,	,	PUNCT
afbr-72	117	12	augmented	augment	VERB
afbr-72	117	13	dickey	dickey	PROPN
afbr-72	117	14	fuller	full	ADJ
afbr-72	117	15	(	(	PUNCT
afbr-72	117	16	adf	adf	NOUN
afbr-72	117	17	)	)	PUNCT
afbr-72	117	18	,	,	PUNCT
afbr-72	117	19	unit	unit	NOUN
afbr-72	117	20	root	root	PROPN
afbr-72	117	21	test	test	NOUN
afbr-72	117	22	,	,	PUNCT
afbr-72	117	23	johansen	johansen	PROPN
afbr-72	117	24	co	co	PROPN
afbr-72	117	25	-	-	NOUN
afbr-72	117	26	integration	integration	NOUN
afbr-72	117	27	test	test	NOUN
afbr-72	117	28	and	and	CCONJ
afbr-72	117	29	pair	pair	VERB
afbr-72	117	30	wise	wise	ADJ
afbr-72	117	31	granger	granger	PROPN
afbr-72	117	32	causality	causality	PROPN
afbr-72	117	33	test	test	NOUN
afbr-72	117	34	were	be	AUX
afbr-72	117	35	employed	employ	VERB
afbr-72	117	36	in	in	ADP
afbr-72	117	37	the	the	DET
afbr-72	117	38	empirical	empirical	ADJ
afbr-72	117	39	analysis	analysis	NOUN
afbr-72	117	40	.	.	PUNCT
afbr-72	118	1	r2	r2	NOUN
afbr-72	118	2	,	,	PUNCT
afbr-72	118	3	regression	regression	NOUN
afbr-72	118	4	coefficient	coefficient	NOUN
afbr-72	118	5	,	,	PUNCT
afbr-72	118	6	probability	probability	NOUN
afbr-72	118	7	value	value	NOUN
afbr-72	118	8	,	,	PUNCT
afbr-72	118	9	t	t	PROPN
afbr-72	118	10	-	-	PUNCT
afbr-72	118	11	statistics	statistic	NOUN
afbr-72	118	12	and	and	CCONJ
afbr-72	118	13	f	f	X
afbr-72	118	14	-	-	PUNCT
afbr-72	118	15	statistics	statistic	NOUN
afbr-72	118	16	were	be	AUX
afbr-72	118	17	used	use	VERB
afbr-72	118	18	to	to	PART
afbr-72	118	19	determine	determine	VERB
afbr-72	118	20	the	the	DET
afbr-72	118	21	extent	extent	NOUN
afbr-72	118	22	to	to	PART
afbr-72	118	23	which	which	PRON
afbr-72	118	24	the	the	DET
afbr-72	118	25	independent	independent	ADJ
afbr-72	118	26	variables	variable	NOUN
afbr-72	118	27	can	can	AUX
afbr-72	118	28	affect	affect	VERB
afbr-72	118	29	the	the	DET
afbr-72	118	30	dependent	dependent	ADJ
afbr-72	118	31	variable	variable	NOUN
afbr-72	118	32	.	.	PUNCT
afbr-72	119	1	the	the	DET
afbr-72	119	2	co	co	NOUN
afbr-72	119	3	-	-	NOUN
afbr-72	119	4	integration	integration	NOUN
afbr-72	119	5	result	result	NOUN
afbr-72	119	6	shows	show	VERB
afbr-72	119	7	that	that	SCONJ
afbr-72	119	8	long	long	ADV
afbr-72	119	9	run	run	NOUN
afbr-72	119	10	equilibrium	equilibrium	NOUN
afbr-72	119	11	exists	exist	VERB
afbr-72	119	12	among	among	ADP
afbr-72	119	13	the	the	DET
afbr-72	119	14	variables	variable	NOUN
afbr-72	119	15	except	except	SCONJ
afbr-72	119	16	preference	preference	NOUN
afbr-72	119	17	share	share	NOUN
afbr-72	119	18	capital	capital	NOUN
afbr-72	119	19	.	.	PUNCT
afbr-72	120	1	in	in	ADP
afbr-72	120	2	model	model	NOUN
afbr-72	120	3	i	i	PRON
afbr-72	120	4	,	,	PUNCT
afbr-72	120	5	the	the	DET
afbr-72	120	6	study	study	NOUN
afbr-72	120	7	found	find	VERB
afbr-72	120	8	that	that	SCONJ
afbr-72	120	9	all	all	DET
afbr-72	120	10	the	the	DET
afbr-72	120	11	independent	independent	ADJ
afbr-72	120	12	variables	variable	NOUN
afbr-72	120	13	have	have	VERB
afbr-72	120	14	positive	positive	ADJ
afbr-72	120	15	relationship	relationship	NOUN
afbr-72	120	16	with	with	ADP
afbr-72	120	17	the	the	DET
afbr-72	120	18	return	return	NOUN
afbr-72	120	19	on	on	ADP
afbr-72	120	20	investment	investment	NOUN
afbr-72	120	21	.	.	PUNCT
afbr-72	121	1	model	model	PROPN
afbr-72	121	2	ii	ii	PROPN
afbr-72	121	3	found	find	VERB
afbr-72	121	4	that	that	SCONJ
afbr-72	121	5	equity	equity	NOUN
afbr-72	121	6	capital	capital	NOUN
afbr-72	121	7	and	and	CCONJ
afbr-72	121	8	preference	preference	NOUN
afbr-72	121	9	share	share	NOUN
afbr-72	121	10	capital	capital	NOUN
afbr-72	121	11	have	have	VERB
afbr-72	121	12	positive	positive	ADJ
afbr-72	121	13	effects	effect	NOUN
afbr-72	121	14	but	but	CCONJ
afbr-72	121	15	insignificant	insignificant	ADJ
afbr-72	121	16	relationship	relationship	NOUN
afbr-72	121	17	with	with	ADP
afbr-72	121	18	return	return	NOUN
afbr-72	121	19	on	on	ADP
afbr-72	121	20	investment	investment	NOUN
afbr-72	121	21	while	while	SCONJ
afbr-72	121	22	short	short	ADJ
afbr-72	121	23	term	term	NOUN
afbr-72	121	24	borrowings	borrowing	NOUN
afbr-72	121	25	and	and	CCONJ
afbr-72	121	26	preference	preference	NOUN
afbr-72	121	27	share	share	NOUN
afbr-72	121	28	capital	capital	NOUN
afbr-72	121	29	have	have	VERB
afbr-72	121	30	positive	positive	ADJ
afbr-72	121	31	relationship	relationship	NOUN
afbr-72	121	32	and	and	CCONJ
afbr-72	121	33	debt	debt	NOUN
afbr-72	121	34	capital	capital	NOUN
afbr-72	121	35	have	have	VERB
afbr-72	121	36	negative	negative	ADJ
afbr-72	121	37	relationship	relationship	NOUN
afbr-72	121	38	with	with	ADP
afbr-72	121	39	equity	equity	NOUN
afbr-72	121	40	price	price	NOUN
afbr-72	121	41	of	of	ADP
afbr-72	121	42	quoted	quote	VERB
afbr-72	121	43	commercial	commercial	ADJ
afbr-72	121	44	banks	bank	NOUN
afbr-72	121	45	.	.	PUNCT
afbr-72	122	1	model	model	PROPN
afbr-72	122	2	iii	iii	PROPN
afbr-72	122	3	found	find	VERB
afbr-72	122	4	that	that	SCONJ
afbr-72	122	5	equity	equity	NOUN
afbr-72	122	6	capital	capital	NOUN
afbr-72	122	7	has	have	VERB
afbr-72	122	8	positive	positive	ADJ
afbr-72	122	9	relationship	relationship	NOUN
afbr-72	122	10	while	while	SCONJ
afbr-72	122	11	debt	debt	NOUN
afbr-72	122	12	and	and	CCONJ
afbr-72	122	13	preference	preference	NOUN
afbr-72	122	14	share	share	NOUN
afbr-72	122	15	capital	capital	NOUN
afbr-72	122	16	have	have	VERB
afbr-72	122	17	negative	negative	ADJ
afbr-72	122	18	relationship	relationship	NOUN
afbr-72	122	19	with	with	ADP
afbr-72	122	20	earnings	earning	NOUN
afbr-72	122	21	per	per	ADP
afbr-72	122	22	share	share	NOUN
afbr-72	122	23	.	.	PUNCT
afbr-72	123	1	from	from	ADP
afbr-72	123	2	the	the	DET
afbr-72	123	3	regression	regression	NOUN
afbr-72	123	4	summary	summary	NOUN
afbr-72	123	5	,	,	PUNCT
afbr-72	123	6	model	model	NOUN
afbr-72	123	7	i	i	PRON
afbr-72	123	8	can	can	AUX
afbr-72	123	9	explain	explain	VERB
afbr-72	123	10	79	79	NUM
afbr-72	123	11	%	%	NOUN
afbr-72	123	12	variation	variation	NOUN
afbr-72	123	13	on	on	ADP
afbr-72	123	14	return	return	NOUN
afbr-72	123	15	on	on	ADP
afbr-72	123	16	investment	investment	NOUN
afbr-72	123	17	,	,	PUNCT
afbr-72	123	18	model	model	PROPN
afbr-72	123	19	ii	ii	PROPN
afbr-72	123	20	explains	explain	VERB
afbr-72	123	21	48	48	NUM
afbr-72	123	22	%	%	NOUN
afbr-72	123	23	variation	variation	NOUN
afbr-72	123	24	on	on	ADP
afbr-72	123	25	equity	equity	NOUN
afbr-72	123	26	prices	price	NOUN
afbr-72	123	27	while	while	SCONJ
afbr-72	123	28	model	model	NOUN
afbr-72	123	29	iii	iii	NOUN
afbr-72	123	30	explains	explain	VERB
afbr-72	123	31	only	only	ADV
afbr-72	123	32	11	11	NUM
afbr-72	123	33	%	%	NOUN
afbr-72	123	34	variation	variation	NOUN
afbr-72	123	35	on	on	ADP
afbr-72	123	36	earnings	earning	NOUN
afbr-72	123	37	per	per	ADP
afbr-72	123	38	share	share	NOUN
afbr-72	123	39	.	.	PUNCT
afbr-72	124	1	from	from	ADP
afbr-72	124	2	the	the	DET
afbr-72	124	3	above	above	NOUN
afbr-72	124	4	,	,	PUNCT
afbr-72	124	5	the	the	DET
afbr-72	124	6	study	study	NOUN
afbr-72	124	7	concludes	conclude	VERB
afbr-72	124	8	that	that	SCONJ
afbr-72	124	9	capital	capital	NOUN
afbr-72	124	10	structure	structure	NOUN
afbr-72	124	11	has	have	VERB
afbr-72	124	12	more	more	ADJ
afbr-72	124	13	effect	effect	NOUN
afbr-72	124	14	on	on	ADP
afbr-72	124	15	return	return	NOUN
afbr-72	124	16	on	on	ADP
afbr-72	124	17	investment	investment	NOUN
afbr-72	124	18	and	and	CCONJ
afbr-72	124	19	equity	equity	NOUN
afbr-72	124	20	prices	price	NOUN
afbr-72	124	21	than	than	ADP
afbr-72	124	22	earnings	earning	NOUN
afbr-72	124	23	per	per	ADP
afbr-72	124	24	share	share	NOUN
afbr-72	124	25	.	.	PUNCT
afbr-72	125	1	prime	prime	PROPN
afbr-72	125	2	equity	equity	PROPN
afbr-72	125	3	,	,	PUNCT
afbr-72	125	4	leveraged	leveraged	ADJ
afbr-72	125	5	structure	structure	NOUN
afbr-72	125	6	and	and	CCONJ
afbr-72	125	7	corporate	corporate	ADJ
afbr-72	125	8	earnings	earning	NOUN
afbr-72	125	9	in	in	ADP
afbr-72	125	10	nigeria	nigeria	PROPN
afbr-72	125	11	:	:	PUNCT
afbr-72	125	12	a	a	DET
afbr-72	125	13	comparative	comparative	ADJ
afbr-72	125	14	analysis	analysis	NOUN
afbr-72	125	15	lucky	lucky	ADJ
afbr-72	125	16	anyike	anyike	ADP
afbr-72	125	17	lucky	lucky	ADJ
afbr-72	125	18	and	and	CCONJ
afbr-72	125	19	akobundu	akobundu	ADJ
afbr-72	125	20	charles	charle	NOUN
afbr-72	125	21	echewodo	echewodo	PROPN
afbr-72	125	22	31	31	NUM
afbr-72	125	23	al	al	PROPN
afbr-72	125	24	–	–	PUNCT
afbr-72	125	25	shimmiri	shimmiri	PROPN
afbr-72	125	26	,	,	PUNCT
afbr-72	125	27	(	(	PUNCT
afbr-72	125	28	2003	2003	NUM
afbr-72	125	29	)	)	PUNCT
afbr-72	125	30	showed	show	VERB
afbr-72	125	31	a	a	DET
afbr-72	125	32	relationship	relationship	NOUN
afbr-72	125	33	between	between	ADP
afbr-72	125	34	firms‟	firms‟	NOUN
afbr-72	125	35	performance	performance	NOUN
afbr-72	125	36	and	and	CCONJ
afbr-72	125	37	datedness	datedness	ADJ
afbr-72	125	38	level	level	NOUN
afbr-72	125	39	,	,	PUNCT
afbr-72	125	40	as	as	ADV
afbr-72	125	41	well	well	ADV
afbr-72	125	42	as	as	ADP
afbr-72	125	43	a	a	DET
afbr-72	125	44	direct	direct	ADJ
afbr-72	125	45	relationship	relationship	NOUN
afbr-72	125	46	between	between	ADP
afbr-72	125	47	internal	internal	ADJ
afbr-72	125	48	investor	investor	NOUN
afbr-72	125	49	ownership	ownership	NOUN
afbr-72	125	50	and	and	CCONJ
afbr-72	125	51	financing	financing	NOUN
afbr-72	125	52	decisions	decision	NOUN
afbr-72	125	53	for	for	ADP
afbr-72	125	54	these	these	DET
afbr-72	125	55	industries	industry	NOUN
afbr-72	125	56	,	,	PUNCT
afbr-72	125	57	furthermore	furthermore	ADV
afbr-72	125	58	financing	financing	NOUN
afbr-72	125	59	decision	decision	NOUN
afbr-72	125	60	has	have	VERB
afbr-72	125	61	a	a	DET
afbr-72	125	62	close	close	ADJ
afbr-72	125	63	correlation	correlation	NOUN
afbr-72	125	64	with	with	ADP
afbr-72	125	65	firms	firm	NOUN
afbr-72	125	66	size	size	NOUN
afbr-72	125	67	and	and	CCONJ
afbr-72	125	68	profitability	profitability	NOUN
afbr-72	125	69	.	.	PUNCT
afbr-72	126	1	kareem	kareem	PROPN
afbr-72	126	2	(	(	PUNCT
afbr-72	126	3	2006	2006	NUM
afbr-72	126	4	)	)	PUNCT
afbr-72	126	5	the	the	DET
afbr-72	126	6	study	study	NOUN
afbr-72	126	7	revealed	reveal	VERB
afbr-72	126	8	a	a	DET
afbr-72	126	9	significant	significant	ADJ
afbr-72	126	10	relationship	relationship	NOUN
afbr-72	126	11	between	between	ADP
afbr-72	126	12	weighted	weight	VERB
afbr-72	126	13	average	average	ADJ
afbr-72	126	14	capital	capital	NOUN
afbr-72	126	15	cost	cost	NOUN
afbr-72	126	16	and	and	CCONJ
afbr-72	126	17	stocks	stock	VERB
afbr-72	126	18	market	market	NOUN
afbr-72	126	19	returns	return	NOUN
afbr-72	126	20	,	,	PUNCT
afbr-72	126	21	where	where	SCONJ
afbr-72	126	22	external	external	ADJ
afbr-72	126	23	(	(	PUNCT
afbr-72	126	24	debt	debt	NOUN
afbr-72	126	25	)	)	PUNCT
afbr-72	126	26	financing	financing	NOUN
afbr-72	126	27	has	have	VERB
afbr-72	126	28	more	more	ADJ
afbr-72	126	29	affection	affection	NOUN
afbr-72	126	30	stocks	stock	NOUN
afbr-72	126	31	market	market	NOUN
afbr-72	126	32	return	return	NOUN
afbr-72	126	33	compared	compare	VERB
afbr-72	126	34	to	to	ADP
afbr-72	126	35	internal	internal	ADJ
afbr-72	126	36	(	(	PUNCT
afbr-72	126	37	owned	own	VERB
afbr-72	126	38	)	)	PUNCT
afbr-72	126	39	financing	financing	NOUN
afbr-72	126	40	.	.	PUNCT
afbr-72	127	1	salah	salah	ADJ
afbr-72	127	2	,	,	PUNCT
afbr-72	127	3	(	(	PUNCT
afbr-72	127	4	2007	2007	NUM
afbr-72	127	5	)	)	PUNCT
afbr-72	127	6	study	study	NOUN
afbr-72	127	7	revealed	reveal	VERB
afbr-72	127	8	that	that	SCONJ
afbr-72	127	9	ranking	rank	VERB
afbr-72	127	10	companies	company	NOUN
afbr-72	127	11	according	accord	VERB
afbr-72	127	12	to	to	ADP
afbr-72	127	13	their	their	PRON
afbr-72	127	14	assets	asset	NOUN
afbr-72	127	15	growth	growth	NOUN
afbr-72	127	16	rate	rate	NOUN
afbr-72	127	17	in	in	ADP
afbr-72	127	18	the	the	DET
afbr-72	127	19	previous	previous	ADJ
afbr-72	127	20	year	year	NOUN
afbr-72	127	21	was	be	AUX
afbr-72	127	22	not	not	PART
afbr-72	127	23	superior	superior	ADJ
afbr-72	127	24	to	to	ADP
afbr-72	127	25	ranking	rank	VERB
afbr-72	127	26	them	they	PRON
afbr-72	127	27	according	accord	VERB
afbr-72	127	28	to	to	ADP
afbr-72	127	29	profit	profit	NOUN
afbr-72	127	30	/	/	SYM
afbr-72	127	31	price	price	NOUN
afbr-72	127	32	percentage	percentage	NOUN
afbr-72	127	33	and	and	CCONJ
afbr-72	127	34	distribution	distribution	NOUN
afbr-72	127	35	to	to	ADP
afbr-72	127	36	price	price	NOUN
afbr-72	127	37	ratio	ratio	NOUN
afbr-72	127	38	.	.	PUNCT
afbr-72	128	1	in	in	ADP
afbr-72	128	2	general	general	ADJ
afbr-72	128	3	the	the	DET
afbr-72	128	4	study	study	NOUN
afbr-72	128	5	revealed	reveal	VERB
afbr-72	128	6	that	that	SCONJ
afbr-72	128	7	distribution	distribution	NOUN
afbr-72	128	8	to	to	PART
afbr-72	128	9	price	price	NOUN
afbr-72	128	10	ratio	ratio	NOUN
afbr-72	128	11	was	be	AUX
afbr-72	128	12	superior	superior	ADJ
afbr-72	128	13	to	to	ADP
afbr-72	128	14	the	the	DET
afbr-72	128	15	other	other	ADJ
afbr-72	128	16	strategies	strategy	NOUN
afbr-72	128	17	.	.	PUNCT
afbr-72	129	1	abdel	abdel	PROPN
afbr-72	129	2	ghani	ghani	PROPN
afbr-72	129	3	,	,	PUNCT
afbr-72	129	4	(	(	PUNCT
afbr-72	129	5	2008	2008	NUM
afbr-72	129	6	)	)	PUNCT
afbr-72	129	7	study	study	NOUN
afbr-72	129	8	attempted	attempt	VERB
afbr-72	129	9	to	to	PART
afbr-72	129	10	find	find	VERB
afbr-72	129	11	out	out	ADP
afbr-72	129	12	the	the	DET
afbr-72	129	13	effect	effect	NOUN
afbr-72	129	14	of	of	ADP
afbr-72	129	15	financing	finance	VERB
afbr-72	129	16	decision	decision	NOUN
afbr-72	129	17	on	on	ADP
afbr-72	129	18	institutions	institution	NOUN
afbr-72	129	19	'	'	PART
afbr-72	129	20	financial	financial	ADJ
afbr-72	129	21	performance	performance	NOUN
afbr-72	129	22	and	and	CCONJ
afbr-72	129	23	tax	tax	NOUN
afbr-72	129	24	and	and	CCONJ
afbr-72	129	25	financing	financing	NOUN
afbr-72	129	26	cost	cost	NOUN
afbr-72	129	27	effects	effect	NOUN
afbr-72	129	28	.	.	PUNCT
afbr-72	130	1	the	the	DET
afbr-72	130	2	study	study	NOUN
afbr-72	130	3	showed	show	VERB
afbr-72	130	4	that	that	SCONJ
afbr-72	130	5	positive	positive	ADJ
afbr-72	130	6	financial	financial	ADJ
afbr-72	130	7	performance	performance	NOUN
afbr-72	130	8	is	be	AUX
afbr-72	130	9	contingent	contingent	ADJ
afbr-72	130	10	on	on	ADP
afbr-72	130	11	the	the	DET
afbr-72	130	12	institution	institution	NOUN
afbr-72	130	13	ability	ability	NOUN
afbr-72	130	14	in	in	ADP
afbr-72	130	15	forming	form	VERB
afbr-72	130	16	the	the	DET
afbr-72	130	17	optimal	optimal	ADJ
afbr-72	130	18	mix	mix	NOUN
afbr-72	130	19	of	of	ADP
afbr-72	130	20	financial	financial	ADJ
afbr-72	130	21	structure	structure	NOUN
afbr-72	130	22	.	.	PUNCT
afbr-72	131	1	tian	tian	PROPN
afbr-72	131	2	and	and	CCONJ
afbr-72	131	3	zeitun	zeitun	PROPN
afbr-72	131	4	(	(	PUNCT
afbr-72	131	5	2007	2007	NUM
afbr-72	131	6	)	)	PUNCT
afbr-72	131	7	investigated	investigate	VERB
afbr-72	131	8	the	the	DET
afbr-72	131	9	effect	effect	NOUN
afbr-72	131	10	of	of	ADP
afbr-72	131	11	capital	capital	NOUN
afbr-72	131	12	structure	structure	NOUN
afbr-72	131	13	on	on	ADP
afbr-72	131	14	corporate	corporate	ADJ
afbr-72	131	15	performance	performance	NOUN
afbr-72	131	16	of	of	ADP
afbr-72	131	17	corporations	corporation	NOUN
afbr-72	131	18	in	in	ADP
afbr-72	131	19	jordan	jordan	PROPN
afbr-72	131	20	using	use	VERB
afbr-72	131	21	a	a	DET
afbr-72	131	22	panel	panel	NOUN
afbr-72	131	23	data	datum	NOUN
afbr-72	131	24	approach	approach	NOUN
afbr-72	131	25	of	of	ADP
afbr-72	131	26	167	167	NUM
afbr-72	131	27	companies	company	NOUN
afbr-72	131	28	for	for	ADP
afbr-72	131	29	a	a	DET
afbr-72	131	30	period	period	NOUN
afbr-72	131	31	of	of	ADP
afbr-72	131	32	15	15	NUM
afbr-72	131	33	years	year	NOUN
afbr-72	131	34	from1989	from1989	PROPN
afbr-72	131	35	to	to	ADP
afbr-72	131	36	2003	2003	NUM
afbr-72	131	37	.	.	PUNCT
afbr-72	132	1	the	the	DET
afbr-72	132	2	study	study	NOUN
afbr-72	132	3	used	use	VERB
afbr-72	132	4	roa	roa	PROPN
afbr-72	132	5	,	,	PUNCT
afbr-72	132	6	roe	roe	PROPN
afbr-72	132	7	,	,	PUNCT
afbr-72	132	8	ebit	ebit	NOUN
afbr-72	132	9	and	and	CCONJ
afbr-72	132	10	tax	tax	NOUN
afbr-72	132	11	plus	plus	CCONJ
afbr-72	132	12	depreciation	depreciation	NOUN
afbr-72	132	13	to	to	ADP
afbr-72	132	14	total	total	ADJ
afbr-72	132	15	assets	asset	NOUN
afbr-72	132	16	(	(	PUNCT
afbr-72	132	17	prof	prof	NOUN
afbr-72	132	18	)	)	PUNCT
afbr-72	132	19	as	as	ADP
afbr-72	132	20	proxies	proxy	NOUN
afbr-72	132	21	for	for	ADP
afbr-72	132	22	accounting	accounting	NOUN
afbr-72	132	23	performance	performance	NOUN
afbr-72	132	24	measurements	measurement	NOUN
afbr-72	132	25	and	and	CCONJ
afbr-72	132	26	tobin‟s	tobin‟s	X
afbr-72	132	27	q	q	INTJ
afbr-72	132	28	,	,	PUNCT
afbr-72	132	29	market	market	NOUN
afbr-72	132	30	value	value	NOUN
afbr-72	132	31	of	of	ADP
afbr-72	132	32	equity	equity	NOUN
afbr-72	132	33	to	to	ADP
afbr-72	132	34	book	book	NOUN
afbr-72	132	35	value	value	NOUN
afbr-72	132	36	of	of	ADP
afbr-72	132	37	equity	equity	NOUN
afbr-72	132	38	(	(	PUNCT
afbr-72	132	39	mbvr	mbvr	NOUN
afbr-72	132	40	)	)	PUNCT
afbr-72	132	41	,	,	PUNCT
afbr-72	132	42	price	price	NOUN
afbr-72	132	43	/	/	SYM
afbr-72	132	44	earnings	earning	NOUN
afbr-72	132	45	(	(	PUNCT
afbr-72	132	46	p	p	X
afbr-72	132	47	/	/	SYM
afbr-72	132	48	e	e	NOUN
afbr-72	132	49	)	)	PUNCT
afbr-72	132	50	ratio	ratio	NOUN
afbr-72	132	51	and	and	CCONJ
afbr-72	132	52	market	market	NOUN
afbr-72	132	53	value	value	NOUN
afbr-72	132	54	of	of	ADP
afbr-72	132	55	equity	equity	NOUN
afbr-72	132	56	plus	plus	CCONJ
afbr-72	132	57	book	book	NOUN
afbr-72	132	58	value	value	NOUN
afbr-72	132	59	of	of	ADP
afbr-72	132	60	liabilities	liability	NOUN
afbr-72	132	61	divided	divide	VERB
afbr-72	132	62	by	by	ADP
afbr-72	132	63	book	book	NOUN
afbr-72	132	64	value	value	NOUN
afbr-72	132	65	of	of	ADP
afbr-72	132	66	equity	equity	NOUN
afbr-72	132	67	(	(	PUNCT
afbr-72	132	68	mbve	mbve	NOUN
afbr-72	132	69	)	)	PUNCT
afbr-72	132	70	as	as	ADP
afbr-72	132	71	market	market	NOUN
afbr-72	132	72	performance	performance	NOUN
afbr-72	132	73	measures	measure	NOUN
afbr-72	132	74	.	.	PUNCT
afbr-72	133	1	the	the	DET
afbr-72	133	2	results	result	NOUN
afbr-72	133	3	show	show	VERB
afbr-72	133	4	that	that	SCONJ
afbr-72	133	5	a	a	DET
afbr-72	133	6	firm‟s	firm‟s	NOUN
afbr-72	133	7	capital	capital	NOUN
afbr-72	133	8	structure	structure	NOUN
afbr-72	133	9	has	have	VERB
afbr-72	133	10	significant	significant	ADJ
afbr-72	133	11	negative	negative	ADJ
afbr-72	133	12	effect	effect	NOUN
afbr-72	133	13	on	on	ADP
afbr-72	133	14	the	the	DET
afbr-72	133	15	firms‟	firms‟	NOUN
afbr-72	133	16	performance	performance	NOUN
afbr-72	133	17	using	use	VERB
afbr-72	133	18	both	both	CCONJ
afbr-72	133	19	the	the	DET
afbr-72	133	20	accounting	accounting	NOUN
afbr-72	133	21	and	and	CCONJ
afbr-72	133	22	market	market	NOUN
afbr-72	133	23	measurements	measurement	NOUN
afbr-72	133	24	.	.	PUNCT
afbr-72	134	1	mwangi	mwangi	PROPN
afbr-72	134	2	,	,	PUNCT
afbr-72	134	3	makau	makau	NOUN
afbr-72	134	4	and	and	CCONJ
afbr-72	134	5	kosimbei	kosimbei	PROPN
afbr-72	134	6	(	(	PUNCT
afbr-72	134	7	2014	2014	NUM
afbr-72	134	8	)	)	PUNCT
afbr-72	134	9	investigated	investigate	VERB
afbr-72	134	10	the	the	DET
afbr-72	134	11	relationship	relationship	NOUN
afbr-72	134	12	between	between	ADP
afbr-72	134	13	capital	capital	NOUN
afbr-72	134	14	structure	structure	NOUN
afbr-72	134	15	and	and	CCONJ
afbr-72	134	16	performance	performance	NOUN
afbr-72	134	17	of	of	ADP
afbr-72	134	18	42	42	NUM
afbr-72	134	19	non	non	ADJ
afbr-72	134	20	-	-	ADJ
afbr-72	134	21	financial	financial	ADJ
afbr-72	134	22	companies	company	NOUN
afbr-72	134	23	listed	list	VERB
afbr-72	134	24	in	in	ADP
afbr-72	134	25	the	the	DET
afbr-72	134	26	nairobi	nairobi	PROPN
afbr-72	134	27	securities	securities	PROPN
afbr-72	134	28	exchange	exchange	PROPN
afbr-72	134	29	,	,	PUNCT
afbr-72	134	30	kenya	kenya	PROPN
afbr-72	134	31	.	.	PUNCT
afbr-72	135	1	the	the	DET
afbr-72	135	2	study	study	NOUN
afbr-72	135	3	used	use	VERB
afbr-72	135	4	secondary	secondary	ADJ
afbr-72	135	5	panel	panel	NOUN
afbr-72	135	6	data	datum	NOUN
afbr-72	135	7	contained	contain	VERB
afbr-72	135	8	in	in	ADP
afbr-72	135	9	the	the	DET
afbr-72	135	10	annual	annual	ADJ
afbr-72	135	11	reports	report	NOUN
afbr-72	135	12	and	and	CCONJ
afbr-72	135	13	financial	financial	ADJ
afbr-72	135	14	statements	statement	NOUN
afbr-72	135	15	of	of	ADP
afbr-72	135	16	the	the	DET
afbr-72	135	17	sampled	sample	VERB
afbr-72	135	18	listed	list	VERB
afbr-72	135	19	firms	firm	NOUN
afbr-72	135	20	,	,	PUNCT
afbr-72	135	21	and	and	CCONJ
afbr-72	135	22	employs	employ	VERB
afbr-72	135	23	panel	panel	NOUN
afbr-72	135	24	data	data	NOUN
afbr-72	135	25	models	model	NOUN
afbr-72	135	26	(	(	PUNCT
afbr-72	135	27	random	random	ADJ
afbr-72	135	28	effects	effect	NOUN
afbr-72	135	29	)	)	PUNCT
afbr-72	135	30	and	and	CCONJ
afbr-72	135	31	feasible	feasible	ADJ
afbr-72	135	32	generalized	generalized	ADJ
afbr-72	135	33	least	least	ADV
afbr-72	135	34	square	square	ADJ
afbr-72	135	35	(	(	PUNCT
afbr-72	135	36	fgls	fgls	NUM
afbr-72	135	37	)	)	PUNCT
afbr-72	135	38	.	.	PUNCT
afbr-72	136	1	the	the	DET
afbr-72	136	2	results	result	NOUN
afbr-72	136	3	show	show	VERB
afbr-72	136	4	that	that	SCONJ
afbr-72	136	5	financial	financial	ADJ
afbr-72	136	6	leverage	leverage	NOUN
afbr-72	136	7	is	be	AUX
afbr-72	136	8	statistically	statistically	ADV
afbr-72	136	9	negatively	negatively	ADV
afbr-72	136	10	related	relate	VERB
afbr-72	136	11	to	to	ADP
afbr-72	136	12	performance	performance	NOUN
afbr-72	136	13	measured	measure	VERB
afbr-72	136	14	by	by	ADP
afbr-72	136	15	return	return	NOUN
afbr-72	136	16	on	on	ADP
afbr-72	136	17	assets	asset	NOUN
afbr-72	136	18	and	and	CCONJ
afbr-72	136	19	return	return	VERB
afbr-72	136	20	on	on	ADP
afbr-72	136	21	equity	equity	NOUN
afbr-72	136	22	.	.	PUNCT
afbr-72	137	1	maina	maina	PROPN
afbr-72	137	2	and	and	CCONJ
afbr-72	137	3	kondongo	kondongo	NOUN
afbr-72	137	4	(	(	PUNCT
afbr-72	137	5	2013	2013	NUM
afbr-72	137	6	)	)	PUNCT
afbr-72	137	7	in	in	ADP
afbr-72	137	8	an	an	DET
afbr-72	137	9	attempt	attempt	NOUN
afbr-72	137	10	to	to	PART
afbr-72	137	11	validate	validate	VERB
afbr-72	137	12	modigliani	modigliani	NOUN
afbr-72	137	13	and	and	CCONJ
afbr-72	137	14	miller	miller	PROPN
afbr-72	137	15	(	(	PUNCT
afbr-72	137	16	1963	1963	NUM
afbr-72	137	17	)	)	PUNCT
afbr-72	137	18	theory	theory	NOUN
afbr-72	137	19	in	in	ADP
afbr-72	137	20	kenya	kenya	PROPN
afbr-72	137	21	,	,	PUNCT
afbr-72	137	22	examined	examine	VERB
afbr-72	137	23	the	the	DET
afbr-72	137	24	effects	effect	NOUN
afbr-72	137	25	of	of	ADP
afbr-72	137	26	debt	debt	NOUN
afbr-72	137	27	-	-	PUNCT
afbr-72	137	28	equity	equity	NOUN
afbr-72	137	29	ratio	ratio	NOUN
afbr-72	137	30	on	on	ADP
afbr-72	137	31	performance	performance	NOUN
afbr-72	137	32	of	of	ADP
afbr-72	137	33	firms	firm	NOUN
afbr-72	137	34	listed	list	VERB
afbr-72	137	35	at	at	ADP
afbr-72	137	36	the	the	DET
afbr-72	137	37	nairobi	nairobi	PROPN
afbr-72	137	38	securities	securities	PROPN
afbr-72	137	39	exchange	exchange	NOUN
afbr-72	137	40	for	for	ADP
afbr-72	137	41	the	the	DET
afbr-72	137	42	period	period	NOUN
afbr-72	137	43	20022011	20022011	NUM
afbr-72	137	44	.	.	PUNCT
afbr-72	138	1	the	the	DET
afbr-72	138	2	study	study	NOUN
afbr-72	138	3	finds	find	VERB
afbr-72	138	4	that	that	SCONJ
afbr-72	138	5	firms	firm	NOUN
afbr-72	138	6	listed	list	VERB
afbr-72	138	7	at	at	ADP
afbr-72	138	8	nairobi	nairobi	PROPN
afbr-72	138	9	securities	security	NOUN
afbr-72	138	10	exchange	exchange	NOUN
afbr-72	138	11	rely	rely	VERB
afbr-72	138	12	more	more	ADV
afbr-72	138	13	on	on	ADP
afbr-72	138	14	short	short	ADJ
afbr-72	138	15	term	term	NOUN
afbr-72	138	16	debt	debt	NOUN
afbr-72	138	17	.	.	PUNCT
afbr-72	139	1	the	the	DET
afbr-72	139	2	result	result	NOUN
afbr-72	139	3	also	also	ADV
afbr-72	139	4	reveals	reveal	VERB
afbr-72	139	5	that	that	SCONJ
afbr-72	139	6	significant	significant	ADJ
afbr-72	139	7	negative	negative	ADJ
afbr-72	139	8	relationship	relationship	NOUN
afbr-72	139	9	exists	exist	VERB
afbr-72	139	10	between	between	ADP
afbr-72	139	11	debt	debt	NOUN
afbr-72	139	12	-	-	PUNCT
afbr-72	139	13	equity	equity	NOUN
afbr-72	139	14	ratio	ratio	NOUN
afbr-72	139	15	and	and	CCONJ
afbr-72	139	16	all	all	DET
afbr-72	139	17	measures	measure	NOUN
afbr-72	139	18	of	of	ADP
afbr-72	139	19	performance	performance	NOUN
afbr-72	139	20	.	.	PUNCT
afbr-72	140	1	the	the	DET
afbr-72	140	2	result	result	NOUN
afbr-72	140	3	also	also	ADV
afbr-72	140	4	provides	provide	VERB
afbr-72	140	5	support	support	NOUN
afbr-72	140	6	for	for	ADP
afbr-72	140	7	mm	mm	PROPN
afbr-72	140	8	theory	theory	NOUN
afbr-72	140	9	that	that	SCONJ
afbr-72	140	10	capital	capital	NOUN
afbr-72	140	11	structure	structure	NOUN
afbr-72	140	12	is	be	AUX
afbr-72	140	13	relevant	relevant	ADJ
afbr-72	140	14	in	in	ADP
afbr-72	140	15	determining	determine	VERB
afbr-72	140	16	the	the	DET
afbr-72	140	17	performance	performance	NOUN
afbr-72	140	18	of	of	ADP
afbr-72	140	19	a	a	DET
afbr-72	140	20	firm	firm	NOUN
afbr-72	140	21	.	.	PUNCT
afbr-72	141	1	ebaid	ebaid	PROPN
afbr-72	141	2	(	(	PUNCT
afbr-72	141	3	2009	2009	NUM
afbr-72	141	4	)	)	PUNCT
afbr-72	141	5	carried	carry	VERB
afbr-72	141	6	out	out	ADP
afbr-72	141	7	a	a	DET
afbr-72	141	8	study	study	NOUN
afbr-72	141	9	to	to	PART
afbr-72	141	10	investigate	investigate	VERB
afbr-72	141	11	the	the	DET
afbr-72	141	12	impact	impact	NOUN
afbr-72	141	13	of	of	ADP
afbr-72	141	14	choice	choice	NOUN
afbr-72	141	15	of	of	ADP
afbr-72	141	16	capital	capital	NOUN
afbr-72	141	17	structure	structure	NOUN
afbr-72	141	18	on	on	ADP
afbr-72	141	19	the	the	DET
afbr-72	141	20	performance	performance	NOUN
afbr-72	141	21	of	of	ADP
afbr-72	141	22	firms	firm	NOUN
afbr-72	141	23	in	in	ADP
afbr-72	141	24	egypt	egypt	PROPN
afbr-72	141	25	.	.	PUNCT
afbr-72	142	1	roe	roe	PROPN
afbr-72	142	2	,	,	PUNCT
afbr-72	142	3	roa	roa	PROPN
afbr-72	142	4	,	,	PUNCT
afbr-72	142	5	and	and	CCONJ
afbr-72	142	6	gross	gross	ADJ
afbr-72	142	7	profit	profit	NOUN
afbr-72	142	8	margin	margin	NOUN
afbr-72	142	9	were	be	AUX
afbr-72	142	10	used	use	VERB
afbr-72	142	11	as	as	ADP
afbr-72	142	12	proxies	proxy	NOUN
afbr-72	142	13	for	for	ADP
afbr-72	142	14	performance	performance	NOUN
afbr-72	142	15	while	while	SCONJ
afbr-72	142	16	financial	financial	ADJ
afbr-72	142	17	leverage	leverage	NOUN
afbr-72	142	18	was	be	AUX
afbr-72	142	19	measured	measure	VERB
afbr-72	142	20	using	use	VERB
afbr-72	142	21	short	short	ADJ
afbr-72	142	22	-	-	PUNCT
afbr-72	142	23	term	term	NOUN
afbr-72	142	24	debt	debt	NOUN
afbr-72	142	25	to	to	ADP
afbr-72	142	26	asset	asset	NOUN
afbr-72	142	27	ratio	ratio	NOUN
afbr-72	142	28	,	,	PUNCT
afbr-72	142	29	long	long	ADJ
afbr-72	142	30	-	-	PUNCT
afbr-72	142	31	term	term	NOUN
afbr-72	142	32	debt	debt	NOUN
afbr-72	142	33	to	to	ADP
afbr-72	142	34	asset	asset	NOUN
afbr-72	142	35	ratio	ratio	NOUN
afbr-72	142	36	,	,	PUNCT
afbr-72	142	37	and	and	CCONJ
afbr-72	142	38	total	total	ADJ
afbr-72	142	39	debt	debt	NOUN
afbr-72	142	40	to	to	ADP
afbr-72	142	41	total	total	ADJ
afbr-72	142	42	assets	asset	NOUN
afbr-72	142	43	.	.	PUNCT
afbr-72	143	1	multiple	multiple	ADJ
afbr-72	143	2	regression	regression	NOUN
afbr-72	143	3	technique	technique	NOUN
afbr-72	143	4	was	be	AUX
afbr-72	143	5	applied	apply	VERB
afbr-72	143	6	to	to	PART
afbr-72	143	7	determine	determine	VERB
afbr-72	143	8	the	the	DET
afbr-72	143	9	relationship	relationship	NOUN
afbr-72	143	10	between	between	ADP
afbr-72	143	11	the	the	DET
afbr-72	143	12	leverage	leverage	NOUN
afbr-72	143	13	and	and	CCONJ
afbr-72	143	14	performance	performance	NOUN
afbr-72	143	15	.	.	PUNCT
afbr-72	144	1	the	the	DET
afbr-72	144	2	result	result	NOUN
afbr-72	144	3	reveals	reveal	VERB
afbr-72	144	4	that	that	SCONJ
afbr-72	144	5	leverage	leverage	NOUN
afbr-72	144	6	has	have	VERB
afbr-72	144	7	no	no	DET
afbr-72	144	8	impact	impact	NOUN
afbr-72	144	9	on	on	ADP
afbr-72	144	10	a	a	DET
afbr-72	144	11	firm‟s	firm‟s	NOUN
afbr-72	144	12	performance	performance	NOUN
afbr-72	144	13	.	.	PUNCT
afbr-72	145	1	maroko	maroko	NOUN
afbr-72	145	2	(	(	PUNCT
afbr-72	145	3	2014	2014	NUM
afbr-72	145	4	)	)	PUNCT
afbr-72	145	5	examined	examine	VERB
afbr-72	145	6	the	the	DET
afbr-72	145	7	influence	influence	NOUN
afbr-72	145	8	of	of	ADP
afbr-72	145	9	capital	capital	NOUN
afbr-72	145	10	structure	structure	NOUN
afbr-72	145	11	on	on	ADP
afbr-72	145	12	organizational	organizational	ADJ
afbr-72	145	13	financial	financial	ADJ
afbr-72	145	14	performance	performance	NOUN
afbr-72	145	15	of	of	ADP
afbr-72	145	16	firms	firm	NOUN
afbr-72	145	17	listed	list	VERB
afbr-72	145	18	in	in	ADP
afbr-72	145	19	nairobi	nairobi	PROPN
afbr-72	145	20	securities	securities	PROPN
afbr-72	145	21	exchange	exchange	NOUN
afbr-72	145	22	.	.	PUNCT
afbr-72	146	1	the	the	DET
afbr-72	146	2	study	study	NOUN
afbr-72	146	3	employs	employ	VERB
afbr-72	146	4	secondary	secondary	ADJ
afbr-72	146	5	data	datum	NOUN
afbr-72	146	6	sourced	source	VERB
afbr-72	146	7	from	from	ADP
afbr-72	146	8	financial	financial	ADJ
afbr-72	146	9	statements	statement	NOUN
afbr-72	146	10	of	of	ADP
afbr-72	146	11	sampled	sample	VERB
afbr-72	146	12	listed	list	VERB
afbr-72	146	13	firms‟	firms‟	NOUN
afbr-72	146	14	which	which	PRON
afbr-72	146	15	were	be	AUX
afbr-72	146	16	selected	select	VERB
afbr-72	146	17	using	use	VERB
afbr-72	146	18	stratified	stratify	VERB
afbr-72	146	19	random	random	ADJ
afbr-72	146	20	sampling	sampling	NOUN
afbr-72	146	21	technique	technique	NOUN
afbr-72	146	22	.	.	PUNCT
afbr-72	147	1	multiple	multiple	ADJ
afbr-72	147	2	regression	regression	NOUN
afbr-72	147	3	technique	technique	NOUN
afbr-72	147	4	was	be	AUX
afbr-72	147	5	used	use	VERB
afbr-72	147	6	to	to	PART
afbr-72	147	7	explain	explain	VERB
afbr-72	147	8	the	the	DET
afbr-72	147	9	relationship	relationship	NOUN
afbr-72	147	10	between	between	ADP
afbr-72	147	11	financial	financial	ADJ
afbr-72	147	12	leverage	leverage	NOUN
afbr-72	147	13	,	,	PUNCT
afbr-72	147	14	cost	cost	NOUN
afbr-72	147	15	of	of	ADP
afbr-72	147	16	equity	equity	NOUN
afbr-72	147	17	,	,	PUNCT
afbr-72	147	18	debt	debt	NOUN
afbr-72	147	19	interest	interest	NOUN
afbr-72	147	20	and	and	CCONJ
afbr-72	147	21	organization	organization	NOUN
afbr-72	147	22	financial	financial	ADJ
afbr-72	147	23	performance	performance	NOUN
afbr-72	147	24	.	.	PUNCT
afbr-72	148	1	the	the	DET
afbr-72	148	2	findings	finding	NOUN
afbr-72	148	3	showed	show	VERB
afbr-72	148	4	that	that	SCONJ
afbr-72	148	5	positive	positive	ADJ
afbr-72	148	6	relationship	relationship	NOUN
afbr-72	148	7	exist	exist	VERB
afbr-72	148	8	between	between	ADP
afbr-72	148	9	financial	financial	ADJ
afbr-72	148	10	leverage	leverage	NOUN
afbr-72	148	11	,	,	PUNCT
afbr-72	148	12	cost	cost	NOUN
afbr-72	148	13	of	of	ADP
afbr-72	148	14	equity	equity	NOUN
afbr-72	148	15	,	,	PUNCT
afbr-72	148	16	debt	debt	NOUN
afbr-72	148	17	interest	interest	NOUN
afbr-72	148	18	and	and	CCONJ
afbr-72	148	19	organization	organization	NOUN
afbr-72	148	20	financial	financial	ADJ
afbr-72	148	21	performance	performance	NOUN
afbr-72	148	22	.	.	PUNCT
afbr-72	149	1	gweji	gweji	NOUN
afbr-72	149	2	and	and	CCONJ
afbr-72	149	3	karanja	karanja	PROPN
afbr-72	149	4	(	(	PUNCT
afbr-72	149	5	2014	2014	NUM
afbr-72	149	6	)	)	PUNCT
afbr-72	149	7	investigated	investigate	VERB
afbr-72	149	8	the	the	DET
afbr-72	149	9	effect	effect	NOUN
afbr-72	149	10	of	of	ADP
afbr-72	149	11	financial	financial	ADJ
afbr-72	149	12	leverage	leverage	NOUN
afbr-72	149	13	on	on	ADP
afbr-72	149	14	firm	firm	ADJ
afbr-72	149	15	performance	performance	NOUN
afbr-72	149	16	of	of	ADP
afbr-72	149	17	deposit	deposit	NOUN
afbr-72	149	18	taking	take	VERB
afbr-72	149	19	savings	saving	NOUN
afbr-72	149	20	and	and	CCONJ
afbr-72	149	21	credit	credit	NOUN
afbr-72	149	22	co	co	NOUN
afbr-72	149	23	-	-	NOUN
afbr-72	149	24	operative	operative	ADJ
afbr-72	149	25	in	in	ADP
afbr-72	149	26	kenya	kenya	PROPN
afbr-72	149	27	.	.	PUNCT
afbr-72	150	1	the	the	DET
afbr-72	150	2	study	study	NOUN
afbr-72	150	3	utilized	utilize	VERB
afbr-72	150	4	secondary	secondary	ADJ
afbr-72	150	5	data	datum	NOUN
afbr-72	150	6	sourced	source	VERB
afbr-72	150	7	from	from	ADP
afbr-72	150	8	financial	financial	ADJ
afbr-72	150	9	statements	statement	NOUN
afbr-72	150	10	of	of	ADP
afbr-72	150	11	40	40	NUM
afbr-72	150	12	savings	saving	NOUN
afbr-72	150	13	and	and	CCONJ
afbr-72	150	14	credit	credit	NOUN
afbr-72	150	15	co	co	ADJ
afbr-72	150	16	-	-	ADJ
afbr-72	150	17	operative	operative	ADJ
afbr-72	150	18	societies	society	NOUN
afbr-72	150	19	(	(	PUNCT
afbr-72	150	20	sccos	scco	NOUN
afbr-72	150	21	)	)	PUNCT
afbr-72	150	22	sampled	sample	VERB
afbr-72	150	23	for	for	ADP
afbr-72	150	24	the	the	DET
afbr-72	150	25	study	study	NOUN
afbr-72	150	26	from	from	ADP
afbr-72	150	27	2000	2000	NUM
afbr-72	150	28	to	to	ADP
afbr-72	150	29	2012	2012	NUM
afbr-72	150	30	.	.	PUNCT
afbr-72	151	1	descriptive	descriptive	ADJ
afbr-72	151	2	and	and	CCONJ
afbr-72	151	3	analytical	analytical	ADJ
afbr-72	151	4	prime	prime	ADJ
afbr-72	151	5	equity	equity	NOUN
afbr-72	151	6	,	,	PUNCT
afbr-72	151	7	leveraged	leveraged	ADJ
afbr-72	151	8	structure	structure	NOUN
afbr-72	151	9	and	and	CCONJ
afbr-72	151	10	corporate	corporate	ADJ
afbr-72	151	11	earnings	earning	NOUN
afbr-72	151	12	in	in	ADP
afbr-72	151	13	nigeria	nigeria	PROPN
afbr-72	151	14	:	:	PUNCT
afbr-72	151	15	a	a	DET
afbr-72	151	16	comparative	comparative	ADJ
afbr-72	151	17	analysis	analysis	NOUN
afbr-72	151	18	lucky	lucky	ADJ
afbr-72	151	19	anyike	anyike	ADP
afbr-72	151	20	lucky	lucky	ADJ
afbr-72	151	21	and	and	CCONJ
afbr-72	151	22	akobundu	akobundu	ADJ
afbr-72	151	23	charles	charle	NOUN
afbr-72	151	24	echewodo	echewodo	NOUN
afbr-72	151	25	32	32	NUM
afbr-72	151	26	designs	design	NOUN
afbr-72	151	27	were	be	AUX
afbr-72	151	28	both	both	PRON
afbr-72	151	29	adopted	adopt	VERB
afbr-72	151	30	.	.	PUNCT
afbr-72	152	1	the	the	DET
afbr-72	152	2	result	result	NOUN
afbr-72	152	3	show	show	VERB
afbr-72	152	4	perfect	perfect	ADJ
afbr-72	152	5	positive	positive	ADJ
afbr-72	152	6	correlation	correlation	NOUN
afbr-72	152	7	between	between	ADP
afbr-72	152	8	financial	financial	ADJ
afbr-72	152	9	leverage	leverage	NOUN
afbr-72	152	10	surrogated	surrogate	VERB
afbr-72	152	11	by	by	ADP
afbr-72	152	12	debt	debt	NOUN
afbr-72	152	13	-	-	PUNCT
afbr-72	152	14	equity	equity	NOUN
afbr-72	152	15	ratio	ratio	NOUN
afbr-72	152	16	with	with	ADP
afbr-72	152	17	roe	roe	NOUN
afbr-72	152	18	and	and	CCONJ
afbr-72	152	19	profit	profit	NOUN
afbr-72	152	20	after	after	ADP
afbr-72	152	21	tax	tax	NOUN
afbr-72	152	22	at	at	ADP
afbr-72	152	23	99	99	NUM
afbr-72	152	24	%	%	NOUN
afbr-72	152	25	confidence	confidence	NOUN
afbr-72	152	26	interval	interval	NOUN
afbr-72	152	27	,	,	PUNCT
afbr-72	152	28	and	and	CCONJ
afbr-72	152	29	a	a	DET
afbr-72	152	30	weak	weak	ADJ
afbr-72	152	31	positive	positive	ADJ
afbr-72	152	32	correlation	correlation	NOUN
afbr-72	152	33	between	between	ADP
afbr-72	152	34	debt	debt	NOUN
afbr-72	152	35	-	-	PUNCT
afbr-72	152	36	equity	equity	NOUN
afbr-72	152	37	ratio	ratio	NOUN
afbr-72	152	38	with	with	ADP
afbr-72	152	39	roa	roa	NOUN
afbr-72	152	40	and	and	CCONJ
afbr-72	152	41	income	income	NOUN
afbr-72	152	42	growth	growth	NOUN
afbr-72	152	43	.	.	PUNCT
afbr-72	153	1	innocent	innocent	ADJ
afbr-72	153	2	,	,	PUNCT
afbr-72	153	3	ikechukwu	ikechukwu	NOUN
afbr-72	153	4	and	and	CCONJ
afbr-72	153	5	nnagbogu	nnagbogu	NOUN
afbr-72	153	6	(	(	PUNCT
afbr-72	153	7	2014	2014	NUM
afbr-72	153	8	)	)	PUNCT
afbr-72	153	9	conduct	conduct	VERB
afbr-72	153	10	a	a	DET
afbr-72	153	11	study	study	NOUN
afbr-72	153	12	on	on	ADP
afbr-72	153	13	the	the	DET
afbr-72	153	14	effect	effect	NOUN
afbr-72	153	15	of	of	ADP
afbr-72	153	16	financial	financial	ADJ
afbr-72	153	17	leverage	leverage	NOUN
afbr-72	153	18	on	on	ADP
afbr-72	153	19	financial	financial	ADJ
afbr-72	153	20	performance	performance	NOUN
afbr-72	153	21	:	:	PUNCT
afbr-72	153	22	evidence	evidence	NOUN
afbr-72	153	23	from	from	ADP
afbr-72	153	24	quoted	quote	VERB
afbr-72	153	25	pharmaceutical	pharmaceutical	ADJ
afbr-72	153	26	companies	company	NOUN
afbr-72	153	27	in	in	ADP
afbr-72	153	28	nigeria	nigeria	PROPN
afbr-72	153	29	for	for	ADP
afbr-72	153	30	the	the	DET
afbr-72	153	31	period	period	NOUN
afbr-72	153	32	20012012	20012012	NUM
afbr-72	153	33	.	.	PUNCT
afbr-72	154	1	financial	financial	ADJ
afbr-72	154	2	leverage	leverage	NOUN
afbr-72	154	3	surrogated	surrogate	VERB
afbr-72	154	4	by	by	ADP
afbr-72	154	5	debt	debt	NOUN
afbr-72	154	6	ratio	ratio	NOUN
afbr-72	154	7	(	(	PUNCT
afbr-72	154	8	dr	dr	PROPN
afbr-72	154	9	)	)	PUNCT
afbr-72	154	10	,	,	PUNCT
afbr-72	154	11	debt	debt	NOUN
afbr-72	154	12	-	-	PUNCT
afbr-72	154	13	equity	equity	NOUN
afbr-72	154	14	ratio	ratio	NOUN
afbr-72	154	15	(	(	PUNCT
afbr-72	154	16	der	der	NOUN
afbr-72	154	17	)	)	PUNCT
afbr-72	154	18	,	,	PUNCT
afbr-72	154	19	and	and	CCONJ
afbr-72	154	20	interest	interest	NOUN
afbr-72	154	21	coverage	coverage	NOUN
afbr-72	154	22	ratio	ratio	NOUN
afbr-72	154	23	(	(	PUNCT
afbr-72	154	24	icr	icr	PROPN
afbr-72	154	25	)	)	PUNCT
afbr-72	154	26	was	be	AUX
afbr-72	154	27	used	use	VERB
afbr-72	154	28	as	as	ADP
afbr-72	154	29	independent	independent	ADJ
afbr-72	154	30	variable	variable	NOUN
afbr-72	154	31	while	while	SCONJ
afbr-72	154	32	financial	financial	ADJ
afbr-72	154	33	performance	performance	NOUN
afbr-72	154	34	proxy	proxy	NOUN
afbr-72	154	35	by	by	ADP
afbr-72	154	36	roa	roa	PROPN
afbr-72	154	37	was	be	AUX
afbr-72	154	38	used	use	VERB
afbr-72	154	39	as	as	ADP
afbr-72	154	40	dependent	dependent	ADJ
afbr-72	154	41	variable	variable	NOUN
afbr-72	154	42	.	.	PUNCT
afbr-72	155	1	the	the	DET
afbr-72	155	2	study	study	NOUN
afbr-72	155	3	utilized	utilize	VERB
afbr-72	155	4	secondary	secondary	ADJ
afbr-72	155	5	data	datum	NOUN
afbr-72	155	6	sourced	source	VERB
afbr-72	155	7	from	from	ADP
afbr-72	155	8	financial	financial	ADJ
afbr-72	155	9	statements	statement	NOUN
afbr-72	155	10	of	of	ADP
afbr-72	155	11	3	3	NUM
afbr-72	155	12	pharmaceutical	pharmaceutical	NOUN
afbr-72	155	13	companies	company	NOUN
afbr-72	155	14	quoted	quote	VERB
afbr-72	155	15	on	on	ADP
afbr-72	155	16	the	the	DET
afbr-72	155	17	nigerian	nigerian	ADJ
afbr-72	155	18	stock	stock	NOUN
afbr-72	155	19	exchange	exchange	PROPN
afbr-72	155	20	.	.	PUNCT
afbr-72	156	1	descriptive	descriptive	ADJ
afbr-72	156	2	statistics	statistic	NOUN
afbr-72	156	3	,	,	PUNCT
afbr-72	156	4	pearson	pearson	NOUN
afbr-72	156	5	correlation	correlation	NOUN
afbr-72	156	6	and	and	CCONJ
afbr-72	156	7	multiple	multiple	ADJ
afbr-72	156	8	regressions	regression	NOUN
afbr-72	156	9	were	be	AUX
afbr-72	156	10	employed	employ	VERB
afbr-72	156	11	in	in	ADP
afbr-72	156	12	order	order	NOUN
afbr-72	156	13	to	to	PART
afbr-72	156	14	determine	determine	VERB
afbr-72	156	15	the	the	DET
afbr-72	156	16	relationship	relationship	NOUN
afbr-72	156	17	between	between	ADP
afbr-72	156	18	financial	financial	ADJ
afbr-72	156	19	leverage	leverage	NOUN
afbr-72	156	20	variables	variable	NOUN
afbr-72	156	21	and	and	CCONJ
afbr-72	156	22	performance	performance	NOUN
afbr-72	156	23	measure	measure	NOUN
afbr-72	156	24	variable	variable	NOUN
afbr-72	156	25	identified	identify	VERB
afbr-72	156	26	in	in	ADP
afbr-72	156	27	the	the	DET
afbr-72	156	28	study	study	NOUN
afbr-72	156	29	.	.	PUNCT
afbr-72	157	1	the	the	DET
afbr-72	157	2	results	result	NOUN
afbr-72	157	3	showed	show	VERB
afbr-72	157	4	that	that	SCONJ
afbr-72	157	5	debt	debt	NOUN
afbr-72	157	6	ratio	ratio	NOUN
afbr-72	157	7	and	and	CCONJ
afbr-72	157	8	debt	debt	NOUN
afbr-72	157	9	-	-	PUNCT
afbr-72	157	10	equity	equity	NOUN
afbr-72	157	11	ratio	ratio	NOUN
afbr-72	157	12	have	have	VERB
afbr-72	157	13	negative	negative	ADJ
afbr-72	157	14	relationship	relationship	NOUN
afbr-72	157	15	with	with	ADP
afbr-72	157	16	roa	roa	PROPN
afbr-72	157	17	,	,	PUNCT
afbr-72	157	18	while	while	SCONJ
afbr-72	157	19	interest	interest	NOUN
afbr-72	157	20	coverage	coverage	NOUN
afbr-72	157	21	ratio	ratio	NOUN
afbr-72	157	22	has	have	VERB
afbr-72	157	23	a	a	DET
afbr-72	157	24	positive	positive	ADJ
afbr-72	157	25	relationship	relationship	NOUN
afbr-72	157	26	with	with	ADP
afbr-72	157	27	roa	roa	PROPN
afbr-72	157	28	in	in	ADP
afbr-72	157	29	nigerian	nigerian	ADJ
afbr-72	157	30	pharmaceutical	pharmaceutical	NOUN
afbr-72	157	31	industry	industry	NOUN
afbr-72	157	32	.	.	PUNCT
afbr-72	158	1	the	the	DET
afbr-72	158	2	study	study	NOUN
afbr-72	158	3	also	also	ADV
afbr-72	158	4	reveals	reveal	VERB
afbr-72	158	5	that	that	SCONJ
afbr-72	158	6	on	on	ADP
afbr-72	158	7	aggregate	aggregate	ADJ
afbr-72	158	8	financial	financial	ADJ
afbr-72	158	9	leverage	leverage	NOUN
afbr-72	158	10	variables	variable	NOUN
afbr-72	158	11	have	have	VERB
afbr-72	158	12	no	no	DET
afbr-72	158	13	significant	significant	ADJ
afbr-72	158	14	effect	effect	NOUN
afbr-72	158	15	on	on	ADP
afbr-72	158	16	financial	financial	ADJ
afbr-72	158	17	performance	performance	NOUN
afbr-72	158	18	of	of	ADP
afbr-72	158	19	sampled	sample	VERB
afbr-72	158	20	companies	company	NOUN
afbr-72	158	21	.	.	PUNCT
afbr-72	159	1	thaddeus	thaddeus	NOUN
afbr-72	159	2	and	and	CCONJ
afbr-72	159	3	chigbu	chigbu	PROPN
afbr-72	159	4	(	(	PUNCT
afbr-72	159	5	2012	2012	NUM
afbr-72	159	6	)	)	PUNCT
afbr-72	159	7	studied	study	VERB
afbr-72	159	8	the	the	DET
afbr-72	159	9	effect	effect	NOUN
afbr-72	159	10	of	of	ADP
afbr-72	159	11	financial	financial	ADJ
afbr-72	159	12	leverage	leverage	NOUN
afbr-72	159	13	on	on	ADP
afbr-72	159	14	bank	bank	NOUN
afbr-72	159	15	performance	performance	NOUN
afbr-72	159	16	using	use	VERB
afbr-72	159	17	6	6	NUM
afbr-72	159	18	banks	bank	NOUN
afbr-72	159	19	from	from	ADP
afbr-72	159	20	nigeria	nigeria	PROPN
afbr-72	159	21	.	.	PUNCT
afbr-72	160	1	the	the	DET
afbr-72	160	2	study	study	NOUN
afbr-72	160	3	utilized	utilize	VERB
afbr-72	160	4	secondary	secondary	ADJ
afbr-72	160	5	data	datum	NOUN
afbr-72	160	6	from	from	ADP
afbr-72	160	7	nigerian	nigerian	ADJ
afbr-72	160	8	stock	stock	NOUN
afbr-72	160	9	exchange	exchange	PROPN
afbr-72	160	10	fact	fact	NOUN
afbr-72	160	11	book	book	NOUN
afbr-72	160	12	and	and	CCONJ
afbr-72	160	13	the	the	DET
afbr-72	160	14	financial	financial	ADJ
afbr-72	160	15	statements	statement	NOUN
afbr-72	160	16	of	of	ADP
afbr-72	160	17	the	the	DET
afbr-72	160	18	sampled	sample	VERB
afbr-72	160	19	banks	bank	NOUN
afbr-72	160	20	.	.	PUNCT
afbr-72	161	1	debt	debt	NOUN
afbr-72	161	2	-	-	PUNCT
afbr-72	161	3	equity	equity	NOUN
afbr-72	161	4	and	and	CCONJ
afbr-72	161	5	coverage	coverage	NOUN
afbr-72	161	6	ratios	ratio	NOUN
afbr-72	161	7	were	be	AUX
afbr-72	161	8	taken	take	VERB
afbr-72	161	9	as	as	ADP
afbr-72	161	10	proxies	proxy	NOUN
afbr-72	161	11	for	for	ADP
afbr-72	161	12	financial	financial	ADJ
afbr-72	161	13	leverage	leverage	NOUN
afbr-72	161	14	and	and	CCONJ
afbr-72	161	15	these	these	PRON
afbr-72	161	16	constitute	constitute	VERB
afbr-72	161	17	the	the	DET
afbr-72	161	18	independent	independent	ADJ
afbr-72	161	19	variables	variable	NOUN
afbr-72	161	20	,	,	PUNCT
afbr-72	161	21	while	while	SCONJ
afbr-72	161	22	earning	earn	VERB
afbr-72	161	23	per	per	ADP
afbr-72	161	24	share	share	NOUN
afbr-72	161	25	(	(	PUNCT
afbr-72	161	26	eps	eps	PROPN
afbr-72	161	27	)	)	PUNCT
afbr-72	161	28	representing	represent	VERB
afbr-72	161	29	performance	performance	NOUN
afbr-72	161	30	is	be	AUX
afbr-72	161	31	the	the	DET
afbr-72	161	32	dependent	dependent	ADJ
afbr-72	161	33	variable	variable	NOUN
afbr-72	161	34	.	.	PUNCT
afbr-72	162	1	multiple	multiple	ADJ
afbr-72	162	2	regression	regression	NOUN
afbr-72	162	3	technique	technique	NOUN
afbr-72	162	4	was	be	AUX
afbr-72	162	5	used	use	VERB
afbr-72	162	6	to	to	PART
afbr-72	162	7	establish	establish	VERB
afbr-72	162	8	whether	whether	SCONJ
afbr-72	162	9	relationship	relationship	NOUN
afbr-72	162	10	exist	exist	VERB
afbr-72	162	11	between	between	ADP
afbr-72	162	12	financial	financial	ADJ
afbr-72	162	13	leverage	leverage	NOUN
afbr-72	162	14	and	and	CCONJ
afbr-72	162	15	performance	performance	NOUN
afbr-72	162	16	of	of	ADP
afbr-72	162	17	sampled	sample	VERB
afbr-72	162	18	banks	bank	NOUN
afbr-72	162	19	.	.	PUNCT
afbr-72	163	1	the	the	DET
afbr-72	163	2	findings	finding	NOUN
afbr-72	163	3	show	show	VERB
afbr-72	163	4	mixed	mixed	ADJ
afbr-72	163	5	results	result	NOUN
afbr-72	163	6	.	.	PUNCT
afbr-72	164	1	while	while	SCONJ
afbr-72	164	2	some	some	DET
afbr-72	164	3	banks	bank	NOUN
afbr-72	164	4	report	report	VERB
afbr-72	164	5	positive	positive	ADJ
afbr-72	164	6	relationship	relationship	NOUN
afbr-72	164	7	between	between	ADP
afbr-72	164	8	leverage	leverage	NOUN
afbr-72	164	9	and	and	CCONJ
afbr-72	164	10	performance	performance	NOUN
afbr-72	164	11	,	,	PUNCT
afbr-72	164	12	others	other	NOUN
afbr-72	164	13	revealed	reveal	VERB
afbr-72	164	14	negative	negative	ADJ
afbr-72	164	15	relationship	relationship	NOUN
afbr-72	164	16	between	between	ADP
afbr-72	164	17	leverage	leverage	NOUN
afbr-72	164	18	and	and	CCONJ
afbr-72	164	19	performance	performance	NOUN
afbr-72	164	20	.	.	PUNCT
afbr-72	165	1	laurent	laurent	NOUN
afbr-72	165	2	(	(	PUNCT
afbr-72	165	3	2002	2002	NUM
afbr-72	165	4	)	)	PUNCT
afbr-72	165	5	studied	study	VERB
afbr-72	165	6	the	the	DET
afbr-72	165	7	relationship	relationship	NOUN
afbr-72	165	8	between	between	ADP
afbr-72	165	9	leverage	leverage	NOUN
afbr-72	165	10	and	and	CCONJ
afbr-72	165	11	corporate	corporate	ADJ
afbr-72	165	12	performance	performance	NOUN
afbr-72	165	13	in	in	ADP
afbr-72	165	14	france	france	PROPN
afbr-72	165	15	,	,	PUNCT
afbr-72	165	16	germany	germany	PROPN
afbr-72	165	17	and	and	CCONJ
afbr-72	165	18	italy	italy	PROPN
afbr-72	165	19	.	.	PUNCT
afbr-72	166	1	the	the	DET
afbr-72	166	2	multiple	multiple	ADJ
afbr-72	166	3	regression	regression	NOUN
afbr-72	166	4	technique	technique	NOUN
afbr-72	166	5	was	be	AUX
afbr-72	166	6	adopted	adopt	VERB
afbr-72	166	7	on	on	ADP
afbr-72	166	8	the	the	DET
afbr-72	166	9	study	study	NOUN
afbr-72	166	10	variables	variable	NOUN
afbr-72	166	11	(	(	PUNCT
afbr-72	166	12	leverage	leverage	NOUN
afbr-72	166	13	,	,	PUNCT
afbr-72	166	14	tangibility	tangibility	NOUN
afbr-72	166	15	,	,	PUNCT
afbr-72	166	16	short	short	ADJ
afbr-72	166	17	-	-	PUNCT
afbr-72	166	18	term	term	NOUN
afbr-72	166	19	liabilities	liability	NOUN
afbr-72	166	20	,	,	PUNCT
afbr-72	166	21	inventory	inventory	NOUN
afbr-72	166	22	and	and	CCONJ
afbr-72	166	23	size	size	NOUN
afbr-72	166	24	)	)	PUNCT
afbr-72	166	25	.	.	PUNCT
afbr-72	167	1	the	the	DET
afbr-72	167	2	study	study	NOUN
afbr-72	167	3	found	find	VERB
afbr-72	167	4	mixed	mixed	ADJ
afbr-72	167	5	evidence	evidence	NOUN
afbr-72	167	6	depending	depend	VERB
afbr-72	167	7	on	on	ADP
afbr-72	167	8	the	the	DET
afbr-72	167	9	country	country	NOUN
afbr-72	167	10	;	;	PUNCT
afbr-72	167	11	while	while	SCONJ
afbr-72	167	12	negative	negative	ADJ
afbr-72	167	13	relationship	relationship	NOUN
afbr-72	167	14	was	be	AUX
afbr-72	167	15	reported	report	VERB
afbr-72	167	16	in	in	ADP
afbr-72	167	17	italy	italy	PROPN
afbr-72	167	18	,	,	PUNCT
afbr-72	167	19	the	the	DET
afbr-72	167	20	relationship	relationship	NOUN
afbr-72	167	21	between	between	ADP
afbr-72	167	22	leverage	leverage	NOUN
afbr-72	167	23	and	and	CCONJ
afbr-72	167	24	corporate	corporate	ADJ
afbr-72	167	25	performance	performance	NOUN
afbr-72	167	26	is	be	AUX
afbr-72	167	27	significantly	significantly	ADV
afbr-72	167	28	positive	positive	ADJ
afbr-72	167	29	in	in	ADP
afbr-72	167	30	france	france	PROPN
afbr-72	167	31	and	and	CCONJ
afbr-72	167	32	germany	germany	PROPN
afbr-72	167	33	.	.	PUNCT
afbr-72	168	1	laurent	laurent	PROPN
afbr-72	168	2	(	(	PUNCT
afbr-72	168	3	2008	2008	NUM
afbr-72	168	4	)	)	PUNCT
afbr-72	168	5	investigates	investigate	VERB
afbr-72	168	6	the	the	DET
afbr-72	168	7	relationship	relationship	NOUN
afbr-72	168	8	between	between	ADP
afbr-72	168	9	leverage	leverage	NOUN
afbr-72	168	10	and	and	CCONJ
afbr-72	168	11	corporate	corporate	ADJ
afbr-72	168	12	performance	performance	NOUN
afbr-72	168	13	of	of	ADP
afbr-72	168	14	medium	medium	ADJ
afbr-72	168	15	-	-	PUNCT
afbr-72	168	16	sized	sized	ADJ
afbr-72	168	17	firms	firm	NOUN
afbr-72	168	18	from	from	ADP
afbr-72	168	19	seven	seven	NUM
afbr-72	168	20	european	european	ADJ
afbr-72	168	21	countries	country	NOUN
afbr-72	168	22	using	use	VERB
afbr-72	168	23	a	a	DET
afbr-72	168	24	maximum	maximum	ADJ
afbr-72	168	25	likelihood	likelihood	NOUN
afbr-72	168	26	procedure	procedure	NOUN
afbr-72	168	27	to	to	PART
afbr-72	168	28	estimate	estimate	VERB
afbr-72	168	29	a	a	DET
afbr-72	168	30	stochastic	stochastic	ADJ
afbr-72	168	31	cost	cost	NOUN
afbr-72	168	32	frontier	frontier	NOUN
afbr-72	168	33	and	and	CCONJ
afbr-72	168	34	the	the	DET
afbr-72	168	35	parameters	parameter	NOUN
afbr-72	168	36	of	of	ADP
afbr-72	168	37	an	an	DET
afbr-72	168	38	equation	equation	NOUN
afbr-72	168	39	relating	relate	VERB
afbr-72	168	40	cost	cost	NOUN
afbr-72	168	41	inefficiency	inefficiency	NOUN
afbr-72	168	42	to	to	ADP
afbr-72	168	43	leverage	leverage	NOUN
afbr-72	168	44	simultaneously	simultaneously	ADV
afbr-72	168	45	.	.	PUNCT
afbr-72	169	1	findings	finding	NOUN
afbr-72	169	2	indicate	indicate	VERB
afbr-72	169	3	that	that	DET
afbr-72	169	4	relationship	relationship	NOUN
afbr-72	169	5	between	between	ADP
afbr-72	169	6	leverage	leverage	NOUN
afbr-72	169	7	and	and	CCONJ
afbr-72	169	8	corporate	corporate	ADJ
afbr-72	169	9	performance	performance	NOUN
afbr-72	169	10	varies	vary	VERB
afbr-72	169	11	across	across	ADP
afbr-72	169	12	countries	country	NOUN
afbr-72	169	13	which	which	PRON
afbr-72	169	14	tend	tend	VERB
afbr-72	169	15	to	to	PART
afbr-72	169	16	support	support	VERB
afbr-72	169	17	the	the	DET
afbr-72	169	18	influence	influence	NOUN
afbr-72	169	19	of	of	ADP
afbr-72	169	20	institutional	institutional	ADJ
afbr-72	169	21	factors	factor	NOUN
afbr-72	169	22	on	on	ADP
afbr-72	169	23	this	this	DET
afbr-72	169	24	relationship	relationship	NOUN
afbr-72	169	25	.	.	PUNCT
afbr-72	170	1	akhtar	akhtar	PROPN
afbr-72	170	2	et	et	PROPN
afbr-72	170	3	al	al	PROPN
afbr-72	170	4	.	.	PROPN
afbr-72	171	1	(	(	PUNCT
afbr-72	171	2	2012	2012	NUM
afbr-72	171	3	)	)	PUNCT
afbr-72	171	4	examined	examine	VERB
afbr-72	171	5	the	the	DET
afbr-72	171	6	relationship	relationship	NOUN
afbr-72	171	7	between	between	ADP
afbr-72	171	8	financial	financial	ADJ
afbr-72	171	9	leverage	leverage	NOUN
afbr-72	171	10	and	and	CCONJ
afbr-72	171	11	financial	financial	ADJ
afbr-72	171	12	performance	performance	NOUN
afbr-72	171	13	using	use	VERB
afbr-72	171	14	the	the	DET
afbr-72	171	15	fuel	fuel	NOUN
afbr-72	171	16	and	and	CCONJ
afbr-72	171	17	energy	energy	NOUN
afbr-72	171	18	sector	sector	NOUN
afbr-72	171	19	of	of	ADP
afbr-72	171	20	pakistan	pakistan	PROPN
afbr-72	171	21	.	.	PUNCT
afbr-72	172	1	the	the	DET
afbr-72	172	2	findings	finding	NOUN
afbr-72	172	3	showed	show	VERB
afbr-72	172	4	a	a	DET
afbr-72	172	5	positive	positive	ADJ
afbr-72	172	6	relationship	relationship	NOUN
afbr-72	172	7	between	between	ADP
afbr-72	172	8	financial	financial	ADJ
afbr-72	172	9	leverage	leverage	NOUN
afbr-72	172	10	and	and	CCONJ
afbr-72	172	11	financial	financial	ADJ
afbr-72	172	12	performance	performance	NOUN
afbr-72	172	13	of	of	ADP
afbr-72	172	14	the	the	DET
afbr-72	172	15	companies	company	NOUN
afbr-72	172	16	thus	thus	ADV
afbr-72	172	17	confirming	confirm	VERB
afbr-72	172	18	that	that	SCONJ
afbr-72	172	19	the	the	DET
afbr-72	172	20	firms	firm	NOUN
afbr-72	172	21	having	have	VERB
afbr-72	172	22	higher	high	ADJ
afbr-72	172	23	profitability	profitability	NOUN
afbr-72	172	24	may	may	AUX
afbr-72	172	25	improve	improve	VERB
afbr-72	172	26	their	their	PRON
afbr-72	172	27	performance	performance	NOUN
afbr-72	172	28	by	by	ADP
afbr-72	172	29	having	have	VERB
afbr-72	172	30	high	high	ADJ
afbr-72	172	31	levels	level	NOUN
afbr-72	172	32	of	of	ADP
afbr-72	172	33	financial	financial	ADJ
afbr-72	172	34	leverage	leverage	NOUN
afbr-72	172	35	.	.	PUNCT
afbr-72	173	1	in	in	ADP
afbr-72	173	2	addition	addition	NOUN
afbr-72	173	3	,	,	PUNCT
afbr-72	173	4	the	the	DET
afbr-72	173	5	study	study	NOUN
afbr-72	173	6	provides	provide	VERB
afbr-72	173	7	evidence	evidence	NOUN
afbr-72	173	8	that	that	SCONJ
afbr-72	173	9	the	the	DET
afbr-72	173	10	players	player	NOUN
afbr-72	173	11	of	of	ADP
afbr-72	173	12	the	the	DET
afbr-72	173	13	fuel	fuel	NOUN
afbr-72	173	14	and	and	CCONJ
afbr-72	173	15	energy	energy	NOUN
afbr-72	173	16	in	in	ADP
afbr-72	173	17	pakistan	pakistan	PROPN
afbr-72	173	18	can	can	AUX
afbr-72	173	19	improve	improve	VERB
afbr-72	173	20	their	their	PRON
afbr-72	173	21	financial	financial	ADJ
afbr-72	173	22	performance	performance	NOUN
afbr-72	173	23	by	by	ADP
afbr-72	173	24	employing	employ	VERB
afbr-72	173	25	the	the	DET
afbr-72	173	26	financial	financial	ADJ
afbr-72	173	27	leverage	leverage	NOUN
afbr-72	173	28	and	and	CCONJ
afbr-72	173	29	can	can	AUX
afbr-72	173	30	arrive	arrive	VERB
afbr-72	173	31	at	at	ADP
afbr-72	173	32	a	a	DET
afbr-72	173	33	sustainable	sustainable	ADJ
afbr-72	173	34	future	future	ADJ
afbr-72	173	35	growth	growth	NOUN
afbr-72	173	36	by	by	ADP
afbr-72	173	37	making	make	VERB
afbr-72	173	38	vital	vital	ADJ
afbr-72	173	39	decisions	decision	NOUN
afbr-72	173	40	about	about	ADP
afbr-72	173	41	the	the	DET
afbr-72	173	42	choice	choice	NOUN
afbr-72	173	43	of	of	ADP
afbr-72	173	44	their	their	PRON
afbr-72	173	45	optimal	optimal	ADJ
afbr-72	173	46	capital	capital	NOUN
afbr-72	173	47	structure	structure	NOUN
afbr-72	173	48	.	.	PUNCT
afbr-72	174	1	akinmulegun	akinmulegun	NOUN
afbr-72	174	2	(	(	PUNCT
afbr-72	174	3	2012	2012	NUM
afbr-72	174	4	)	)	PUNCT
afbr-72	174	5	tests	test	VERB
afbr-72	174	6	the	the	DET
afbr-72	174	7	effect	effect	NOUN
afbr-72	174	8	of	of	ADP
afbr-72	174	9	financial	financial	ADJ
afbr-72	174	10	leverage	leverage	NOUN
afbr-72	174	11	on	on	ADP
afbr-72	174	12	selected	select	VERB
afbr-72	174	13	indicators	indicator	NOUN
afbr-72	174	14	of	of	ADP
afbr-72	174	15	corporate	corporate	ADJ
afbr-72	174	16	performance	performance	NOUN
afbr-72	174	17	earnings	earning	NOUN
afbr-72	174	18	per	per	ADP
afbr-72	174	19	share	share	NOUN
afbr-72	174	20	(	(	PUNCT
afbr-72	174	21	eps	eps	PROPN
afbr-72	174	22	)	)	PUNCT
afbr-72	174	23	,	,	PUNCT
afbr-72	174	24	net	net	ADJ
afbr-72	174	25	assets	asset	NOUN
afbr-72	174	26	per	per	ADP
afbr-72	174	27	share	share	NOUN
afbr-72	174	28	(	(	PUNCT
afbr-72	174	29	naps	nap	NOUN
afbr-72	174	30	)	)	PUNCT
afbr-72	174	31	in	in	ADP
afbr-72	174	32	nigeria	nigeria	PROPN
afbr-72	174	33	using	use	VERB
afbr-72	174	34	the	the	DET
afbr-72	174	35	vector	vector	NOUN
afbr-72	174	36	auto	auto	NOUN
afbr-72	174	37	-	-	PUNCT
afbr-72	174	38	regression	regression	NOUN
afbr-72	174	39	(	(	PUNCT
afbr-72	174	40	var	var	NOUN
afbr-72	174	41	)	)	PUNCT
afbr-72	174	42	technique	technique	NOUN
afbr-72	174	43	.	.	PUNCT
afbr-72	175	1	findings	finding	NOUN
afbr-72	175	2	indicated	indicate	VERB
afbr-72	175	3	that	that	SCONJ
afbr-72	175	4	leverage	leverage	NOUN
afbr-72	175	5	shocks	shock	NOUN
afbr-72	175	6	exert	exert	VERB
afbr-72	175	7	significantly	significantly	ADV
afbr-72	175	8	on	on	ADP
afbr-72	175	9	corporate	corporate	ADJ
afbr-72	175	10	performance	performance	NOUN
afbr-72	175	11	.	.	PUNCT
afbr-72	176	1	also	also	ADV
afbr-72	176	2	,	,	PUNCT
afbr-72	176	3	the	the	DET
afbr-72	176	4	measures	measure	NOUN
afbr-72	176	5	of	of	ADP
afbr-72	176	6	corporate	corporate	ADJ
afbr-72	176	7	performance	performance	NOUN
afbr-72	176	8	(	(	PUNCT
afbr-72	176	9	eps	eps	PROPN
afbr-72	176	10	,	,	PUNCT
afbr-72	176	11	naps	nap	NOUN
afbr-72	176	12	)	)	PUNCT
afbr-72	176	13	depends	depend	VERB
afbr-72	176	14	more	more	ADV
afbr-72	176	15	on	on	ADP
afbr-72	176	16	feedback	feedback	NOUN
afbr-72	176	17	shock	shock	NOUN
afbr-72	176	18	and	and	CCONJ
afbr-72	176	19	less	less	ADJ
afbr-72	176	20	on	on	ADP
afbr-72	176	21	leverage	leverage	NOUN
afbr-72	176	22	shock	shock	NOUN
afbr-72	176	23	but	but	CCONJ
afbr-72	176	24	the	the	DET
afbr-72	176	25	leverage	leverage	NOUN
afbr-72	176	26	shocks	shock	VERB
afbr-72	176	27	on	on	ADP
afbr-72	176	28	eps	eps	PROPN
afbr-72	176	29	indirectly	indirectly	ADV
afbr-72	176	30	affect	affect	VERB
afbr-72	176	31	naps	nap	NOUN
afbr-72	176	32	of	of	ADP
afbr-72	176	33	firms	firm	NOUN
afbr-72	176	34	as	as	SCONJ
afbr-72	176	35	the	the	DET
afbr-72	176	36	bulk	bulk	NOUN
afbr-72	176	37	of	of	ADP
afbr-72	176	38	the	the	DET
afbr-72	176	39	shock	shock	NOUN
afbr-72	176	40	on	on	ADP
afbr-72	176	41	naps	nap	NOUN
afbr-72	176	42	was	be	AUX
afbr-72	176	43	received	receive	VERB
afbr-72	176	44	from	from	ADP
afbr-72	176	45	eps	eps	PROPN
afbr-72	176	46	of	of	ADP
afbr-72	176	47	the	the	DET
afbr-72	176	48	firms	firm	NOUN
afbr-72	176	49	.	.	PUNCT
afbr-72	177	1	akande	akande	PROPN
afbr-72	177	2	(	(	PUNCT
afbr-72	177	3	2013	2013	NUM
afbr-72	177	4	)	)	PUNCT
afbr-72	177	5	apply	apply	VERB
afbr-72	177	6	the	the	DET
afbr-72	177	7	ordinary	ordinary	ADJ
afbr-72	177	8	least	least	ADJ
afbr-72	177	9	square	square	ADJ
afbr-72	177	10	(	(	PUNCT
afbr-72	177	11	ols	ol	NOUN
afbr-72	177	12	)	)	PUNCT
afbr-72	177	13	prime	prime	ADJ
afbr-72	177	14	equity	equity	NOUN
afbr-72	177	15	,	,	PUNCT
afbr-72	177	16	leveraged	leveraged	ADJ
afbr-72	177	17	structure	structure	NOUN
afbr-72	177	18	and	and	CCONJ
afbr-72	177	19	corporate	corporate	ADJ
afbr-72	177	20	earnings	earning	NOUN
afbr-72	177	21	in	in	ADP
afbr-72	177	22	nigeria	nigeria	PROPN
afbr-72	177	23	:	:	PUNCT
afbr-72	177	24	a	a	DET
afbr-72	177	25	comparative	comparative	ADJ
afbr-72	177	26	analysis	analysis	NOUN
afbr-72	177	27	lucky	lucky	ADJ
afbr-72	177	28	anyike	anyike	ADP
afbr-72	177	29	lucky	lucky	ADJ
afbr-72	177	30	and	and	CCONJ
afbr-72	177	31	akobundu	akobundu	ADJ
afbr-72	177	32	charles	charles	PROPN
afbr-72	177	33	echewodo	echewodo	NOUN
afbr-72	177	34	33	33	NUM
afbr-72	177	35	regression	regression	NOUN
afbr-72	177	36	analysis	analysis	NOUN
afbr-72	177	37	on	on	ADP
afbr-72	177	38	panel	panel	NOUN
afbr-72	177	39	data	datum	NOUN
afbr-72	177	40	collected	collect	VERB
afbr-72	177	41	from	from	ADP
afbr-72	177	42	financial	financial	ADJ
afbr-72	177	43	statements	statement	NOUN
afbr-72	177	44	of	of	ADP
afbr-72	177	45	10	10	NUM
afbr-72	177	46	nigerian	nigerian	ADJ
afbr-72	177	47	firms	firm	NOUN
afbr-72	177	48	over	over	ADP
afbr-72	177	49	20	20	NUM
afbr-72	177	50	years	year	NOUN
afbr-72	177	51	from	from	ADP
afbr-72	177	52	19912010	19912010	NUM
afbr-72	177	53	.	.	PUNCT
afbr-72	178	1	roa	roa	PROPN
afbr-72	178	2	,	,	PUNCT
afbr-72	178	3	roe	roe	PROPN
afbr-72	178	4	,	,	PUNCT
afbr-72	178	5	eps	eps	PROPN
afbr-72	178	6	and	and	CCONJ
afbr-72	178	7	dps	dps	NOUN
afbr-72	178	8	on	on	ADP
afbr-72	178	9	one	one	NUM
afbr-72	178	10	hand	hand	NOUN
afbr-72	178	11	and	and	CCONJ
afbr-72	178	12	dc	dc	PROPN
afbr-72	178	13	(	(	PUNCT
afbr-72	178	14	total	total	ADJ
afbr-72	178	15	debts	debt	NOUN
afbr-72	178	16	to	to	ADP
afbr-72	178	17	capital	capital	NOUN
afbr-72	178	18	employed	employ	VERB
afbr-72	178	19	)	)	PUNCT
afbr-72	178	20	on	on	ADP
afbr-72	178	21	the	the	DET
afbr-72	178	22	other	other	ADJ
afbr-72	178	23	hand	hand	NOUN
afbr-72	178	24	,	,	PUNCT
afbr-72	178	25	were	be	AUX
afbr-72	178	26	surrogated	surrogate	VERB
afbr-72	178	27	for	for	ADP
afbr-72	178	28	firm‟s	firm‟s	NOUN
afbr-72	178	29	performance	performance	NOUN
afbr-72	178	30	and	and	CCONJ
afbr-72	178	31	debt	debt	NOUN
afbr-72	178	32	financing	financing	NOUN
afbr-72	178	33	respectively	respectively	ADV
afbr-72	178	34	.	.	PUNCT
afbr-72	179	1	the	the	DET
afbr-72	179	2	findings	finding	NOUN
afbr-72	179	3	show	show	VERB
afbr-72	179	4	that	that	SCONJ
afbr-72	179	5	positive	positive	ADJ
afbr-72	179	6	relationships	relationship	NOUN
afbr-72	179	7	exist	exist	VERB
afbr-72	179	8	between	between	ADP
afbr-72	179	9	dc	dc	PROPN
afbr-72	179	10	and	and	CCONJ
afbr-72	179	11	roe	roe	PROPN
afbr-72	179	12	,	,	PUNCT
afbr-72	179	13	eps	eps	PROPN
afbr-72	179	14	and	and	CCONJ
afbr-72	179	15	dps	dps	NOUN
afbr-72	179	16	,	,	PUNCT
afbr-72	179	17	while	while	SCONJ
afbr-72	179	18	negative	negative	ADJ
afbr-72	179	19	relationship	relationship	NOUN
afbr-72	179	20	exists	exist	VERB
afbr-72	179	21	between	between	ADP
afbr-72	179	22	dc	dc	PROPN
afbr-72	179	23	and	and	CCONJ
afbr-72	179	24	roa	roa	PROPN
afbr-72	179	25	.	.	PUNCT
afbr-72	180	1	the	the	DET
afbr-72	180	2	study	study	NOUN
afbr-72	180	3	therefore	therefore	ADV
afbr-72	180	4	,	,	PUNCT
afbr-72	180	5	concluded	conclude	VERB
afbr-72	180	6	that	that	SCONJ
afbr-72	180	7	financial	financial	ADJ
afbr-72	180	8	leverage	leverage	NOUN
afbr-72	180	9	will	will	AUX
afbr-72	180	10	considerably	considerably	ADV
afbr-72	180	11	impact	impact	VERB
afbr-72	180	12	on	on	ADP
afbr-72	180	13	firm	firm	ADJ
afbr-72	180	14	performance	performance	NOUN
afbr-72	180	15	.	.	PUNCT
afbr-72	181	1	onaolapo	onaolapo	PROPN
afbr-72	181	2	and	and	CCONJ
afbr-72	181	3	kajola	kajola	PROPN
afbr-72	181	4	(	(	PUNCT
afbr-72	181	5	2010	2010	NUM
afbr-72	181	6	)	)	PUNCT
afbr-72	181	7	investigate	investigate	VERB
afbr-72	181	8	the	the	DET
afbr-72	181	9	effect	effect	NOUN
afbr-72	181	10	of	of	ADP
afbr-72	181	11	capital	capital	NOUN
afbr-72	181	12	structure	structure	NOUN
afbr-72	181	13	on	on	ADP
afbr-72	181	14	financial	financial	ADJ
afbr-72	181	15	performance	performance	NOUN
afbr-72	181	16	of	of	ADP
afbr-72	181	17	companies	company	NOUN
afbr-72	181	18	listed	list	VERB
afbr-72	181	19	on	on	ADP
afbr-72	181	20	the	the	DET
afbr-72	181	21	nigerian	nigerian	ADJ
afbr-72	181	22	stock	stock	NOUN
afbr-72	181	23	exchange	exchange	PROPN
afbr-72	181	24	.	.	PUNCT
afbr-72	182	1	this	this	DET
afbr-72	182	2	study	study	NOUN
afbr-72	182	3	was	be	AUX
afbr-72	182	4	performed	perform	VERB
afbr-72	182	5	using	use	VERB
afbr-72	182	6	30	30	NUM
afbr-72	182	7	non	non	ADJ
afbr-72	182	8	-	-	ADJ
afbr-72	182	9	financial	financial	ADJ
afbr-72	182	10	companies	company	NOUN
afbr-72	182	11	in	in	ADP
afbr-72	182	12	15	15	NUM
afbr-72	182	13	industry	industry	NOUN
afbr-72	182	14	sectors	sector	NOUN
afbr-72	182	15	in	in	ADP
afbr-72	182	16	a	a	DET
afbr-72	182	17	7	7	NUM
afbr-72	182	18	-	-	PUNCT
afbr-72	182	19	year	year	NOUN
afbr-72	182	20	period	period	NOUN
afbr-72	182	21	from	from	ADP
afbr-72	182	22	2001	2001	NUM
afbr-72	182	23	to	to	ADP
afbr-72	182	24	2007	2007	NUM
afbr-72	182	25	.	.	PUNCT
afbr-72	183	1	the	the	DET
afbr-72	183	2	results	result	NOUN
afbr-72	183	3	showed	show	VERB
afbr-72	183	4	that	that	SCONJ
afbr-72	183	5	financial	financial	ADJ
afbr-72	183	6	leverage	leverage	NOUN
afbr-72	183	7	(	(	PUNCT
afbr-72	183	8	debt	debt	NOUN
afbr-72	183	9	ratio	ratio	NOUN
afbr-72	183	10	)	)	PUNCT
afbr-72	183	11	has	have	VERB
afbr-72	183	12	a	a	DET
afbr-72	183	13	significant	significant	ADJ
afbr-72	183	14	negative	negative	ADJ
afbr-72	183	15	effect	effect	NOUN
afbr-72	183	16	on	on	ADP
afbr-72	183	17	financial	financial	ADJ
afbr-72	183	18	performance	performance	NOUN
afbr-72	183	19	(	(	PUNCT
afbr-72	183	20	roa	roa	NOUN
afbr-72	183	21	and	and	CCONJ
afbr-72	183	22	roe	roe	PROPN
afbr-72	183	23	)	)	PUNCT
afbr-72	183	24	of	of	ADP
afbr-72	183	25	sampled	sample	VERB
afbr-72	183	26	firms	firm	NOUN
afbr-72	183	27	.	.	PUNCT
afbr-72	184	1	fosu	fosu	PROPN
afbr-72	184	2	(	(	PUNCT
afbr-72	184	3	2013	2013	NUM
afbr-72	184	4	)	)	PUNCT
afbr-72	184	5	examined	examine	VERB
afbr-72	184	6	the	the	DET
afbr-72	184	7	relationship	relationship	NOUN
afbr-72	184	8	between	between	ADP
afbr-72	184	9	capital	capital	NOUN
afbr-72	184	10	structure	structure	NOUN
afbr-72	184	11	and	and	CCONJ
afbr-72	184	12	firm	firm	ADJ
afbr-72	184	13	performance	performance	NOUN
afbr-72	184	14	using	use	VERB
afbr-72	184	15	panel	panel	NOUN
afbr-72	184	16	data	datum	NOUN
afbr-72	184	17	approach	approach	NOUN
afbr-72	184	18	comprising	comprise	VERB
afbr-72	184	19	257	257	NUM
afbr-72	184	20	south	south	ADJ
afbr-72	184	21	african	african	ADJ
afbr-72	184	22	firms	firm	NOUN
afbr-72	184	23	for	for	ADP
afbr-72	184	24	the	the	DET
afbr-72	184	25	period	period	NOUN
afbr-72	184	26	19982009	19982009	NUM
afbr-72	184	27	.	.	PUNCT
afbr-72	185	1	the	the	DET
afbr-72	185	2	results	result	NOUN
afbr-72	185	3	uncover	uncover	VERB
afbr-72	185	4	evidence	evidence	NOUN
afbr-72	185	5	that	that	PRON
afbr-72	185	6	provides	provide	VERB
afbr-72	185	7	support	support	NOUN
afbr-72	185	8	for	for	ADP
afbr-72	185	9	significant	significant	ADJ
afbr-72	185	10	positive	positive	ADJ
afbr-72	185	11	relationship	relationship	NOUN
afbr-72	185	12	between	between	ADP
afbr-72	185	13	financial	financial	ADJ
afbr-72	185	14	leverage	leverage	NOUN
afbr-72	185	15	and	and	CCONJ
afbr-72	185	16	firm	firm	ADJ
afbr-72	185	17	performance	performance	NOUN
afbr-72	185	18	.	.	PUNCT
afbr-72	186	1	david	david	PROPN
afbr-72	186	2	and	and	CCONJ
afbr-72	186	3	olorunfemi	olorunfemi	PRON
afbr-72	186	4	(	(	PUNCT
afbr-72	186	5	2010	2010	NUM
afbr-72	186	6	)	)	PUNCT
afbr-72	186	7	study	study	VERB
afbr-72	186	8	the	the	DET
afbr-72	186	9	impact	impact	NOUN
afbr-72	186	10	of	of	ADP
afbr-72	186	11	capital	capital	NOUN
afbr-72	186	12	structure	structure	NOUN
afbr-72	186	13	on	on	ADP
afbr-72	186	14	corporate	corporate	ADJ
afbr-72	186	15	performance	performance	NOUN
afbr-72	186	16	of	of	ADP
afbr-72	186	17	firms	firm	NOUN
afbr-72	186	18	in	in	ADP
afbr-72	186	19	the	the	DET
afbr-72	186	20	nigerian	nigerian	ADJ
afbr-72	186	21	petroleum	petroleum	NOUN
afbr-72	186	22	industry	industry	NOUN
afbr-72	186	23	for	for	ADP
afbr-72	186	24	the	the	DET
afbr-72	186	25	period	period	NOUN
afbr-72	186	26	19992005	19992005	NUM
afbr-72	186	27	.	.	PUNCT
afbr-72	187	1	the	the	DET
afbr-72	187	2	study	study	NOUN
afbr-72	187	3	employed	employ	VERB
afbr-72	187	4	panel	panel	NOUN
afbr-72	187	5	data	datum	NOUN
afbr-72	187	6	analysis	analysis	NOUN
afbr-72	187	7	using	use	VERB
afbr-72	187	8	fixed	fix	VERB
afbr-72	187	9	-	-	PUNCT
afbr-72	187	10	effect	effect	NOUN
afbr-72	187	11	estimation	estimation	NOUN
afbr-72	187	12	,	,	PUNCT
afbr-72	187	13	random	random	ADJ
afbr-72	187	14	-	-	PUNCT
afbr-72	187	15	effect	effect	NOUN
afbr-72	187	16	estimation	estimation	NOUN
afbr-72	187	17	and	and	CCONJ
afbr-72	187	18	maximum	maximum	ADJ
afbr-72	187	19	likelihood	likelihood	NOUN
afbr-72	187	20	estimation	estimation	NOUN
afbr-72	187	21	.	.	PUNCT
afbr-72	188	1	the	the	DET
afbr-72	188	2	study	study	NOUN
afbr-72	188	3	found	find	VERB
afbr-72	188	4	that	that	SCONJ
afbr-72	188	5	there	there	PRON
afbr-72	188	6	is	be	VERB
afbr-72	188	7	positive	positive	ADJ
afbr-72	188	8	relationship	relationship	NOUN
afbr-72	188	9	between	between	ADP
afbr-72	188	10	leverage	leverage	NOUN
afbr-72	188	11	and	and	CCONJ
afbr-72	188	12	firm	firm	ADJ
afbr-72	188	13	performance	performance	NOUN
afbr-72	188	14	surrogated	surrogate	VERB
afbr-72	188	15	by	by	ADP
afbr-72	188	16	earning	earn	VERB
afbr-72	188	17	per	per	ADP
afbr-72	188	18	share	share	NOUN
afbr-72	188	19	and	and	CCONJ
afbr-72	188	20	dividend	dividend	VERB
afbr-72	188	21	per	per	ADP
afbr-72	188	22	share	share	NOUN
afbr-72	188	23	.	.	PUNCT
afbr-72	189	1	chinaemerem	chinaemerem	PROPN
afbr-72	189	2	and	and	CCONJ
afbr-72	189	3	anthony	anthony	PROPN
afbr-72	189	4	(	(	PUNCT
afbr-72	189	5	2012	2012	NUM
afbr-72	189	6	)	)	PUNCT
afbr-72	189	7	carry	carry	VERB
afbr-72	189	8	out	out	ADP
afbr-72	189	9	a	a	DET
afbr-72	189	10	study	study	NOUN
afbr-72	189	11	on	on	ADP
afbr-72	189	12	the	the	DET
afbr-72	189	13	impact	impact	NOUN
afbr-72	189	14	of	of	ADP
afbr-72	189	15	capital	capital	NOUN
afbr-72	189	16	structure	structure	NOUN
afbr-72	189	17	on	on	ADP
afbr-72	189	18	financial	financial	ADJ
afbr-72	189	19	performance	performance	NOUN
afbr-72	189	20	of	of	ADP
afbr-72	189	21	nigerian	nigerian	ADJ
afbr-72	189	22	firms	firm	NOUN
afbr-72	189	23	using	use	VERB
afbr-72	189	24	a	a	DET
afbr-72	189	25	sample	sample	NOUN
afbr-72	189	26	of	of	ADP
afbr-72	189	27	30	30	NUM
afbr-72	189	28	non	non	ADJ
afbr-72	189	29	-	-	ADJ
afbr-72	189	30	financial	financial	ADJ
afbr-72	189	31	quoted	quote	VERB
afbr-72	189	32	companies	company	NOUN
afbr-72	189	33	on	on	ADP
afbr-72	189	34	the	the	DET
afbr-72	189	35	nigerian	nigerian	ADJ
afbr-72	189	36	stock	stock	NOUN
afbr-72	189	37	exchange	exchange	PROPN
afbr-72	189	38	(	(	PUNCT
afbr-72	189	39	nse	nse	NOUN
afbr-72	189	40	)	)	PUNCT
afbr-72	189	41	for	for	ADP
afbr-72	189	42	a	a	DET
afbr-72	189	43	period	period	NOUN
afbr-72	189	44	of	of	ADP
afbr-72	189	45	7	7	NUM
afbr-72	189	46	years	year	NOUN
afbr-72	189	47	from	from	ADP
afbr-72	189	48	20042010	20042010	NUM
afbr-72	189	49	.	.	PUNCT
afbr-72	190	1	panel	panel	NOUN
afbr-72	190	2	data	datum	NOUN
afbr-72	190	3	for	for	ADP
afbr-72	190	4	the	the	DET
afbr-72	190	5	selected	select	VERB
afbr-72	190	6	companies	company	NOUN
afbr-72	190	7	were	be	AUX
afbr-72	190	8	generated	generate	VERB
afbr-72	190	9	and	and	CCONJ
afbr-72	190	10	analyzed	analyze	VERB
afbr-72	190	11	using	use	VERB
afbr-72	190	12	ordinary	ordinary	ADJ
afbr-72	190	13	least	least	ADJ
afbr-72	190	14	squares	square	NOUN
afbr-72	190	15	(	(	PUNCT
afbr-72	190	16	ols	ol	NOUN
afbr-72	190	17	)	)	PUNCT
afbr-72	190	18	method	method	NOUN
afbr-72	190	19	of	of	ADP
afbr-72	190	20	estimation	estimation	NOUN
afbr-72	190	21	.	.	PUNCT
afbr-72	191	1	the	the	DET
afbr-72	191	2	results	result	NOUN
afbr-72	191	3	show	show	VERB
afbr-72	191	4	that	that	SCONJ
afbr-72	191	5	a	a	DET
afbr-72	191	6	firm‟s	firm‟s	NOUN
afbr-72	191	7	capital	capital	NOUN
afbr-72	191	8	structure	structure	NOUN
afbr-72	191	9	surrogated	surrogate	VERB
afbr-72	191	10	by	by	ADP
afbr-72	191	11	debt	debt	NOUN
afbr-72	191	12	ratio	ratio	NOUN
afbr-72	191	13	has	have	VERB
afbr-72	191	14	a	a	DET
afbr-72	191	15	significantly	significantly	ADV
afbr-72	191	16	negative	negative	ADJ
afbr-72	191	17	relationship	relationship	NOUN
afbr-72	191	18	with	with	ADP
afbr-72	191	19	the	the	DET
afbr-72	191	20	firm‟s	firm‟s	ADJ
afbr-72	191	21	financial	financial	ADJ
afbr-72	191	22	performance	performance	NOUN
afbr-72	191	23	surrogated	surrogate	VERB
afbr-72	191	24	by	by	ADP
afbr-72	191	25	roa	roa	PROPN
afbr-72	191	26	and	and	CCONJ
afbr-72	191	27	roe	roe	PROPN
afbr-72	191	28	.	.	PUNCT
afbr-72	192	1	this	this	DET
afbr-72	192	2	finding	finding	NOUN
afbr-72	192	3	provides	provide	VERB
afbr-72	192	4	evidence	evidence	NOUN
afbr-72	192	5	in	in	ADP
afbr-72	192	6	support	support	NOUN
afbr-72	192	7	of	of	ADP
afbr-72	192	8	agency	agency	NOUN
afbr-72	192	9	cost	cost	NOUN
afbr-72	192	10	theory	theory	NOUN
afbr-72	192	11	.	.	PUNCT
afbr-72	193	1	al	al	PROPN
afbr-72	193	2	-	-	PUNCT
afbr-72	193	3	taani	taani	ADJ
afbr-72	193	4	(	(	PUNCT
afbr-72	193	5	2013	2013	NUM
afbr-72	193	6	)	)	PUNCT
afbr-72	193	7	investigate	investigate	VERB
afbr-72	193	8	the	the	DET
afbr-72	193	9	relationship	relationship	NOUN
afbr-72	193	10	between	between	ADP
afbr-72	193	11	capital	capital	NOUN
afbr-72	193	12	structure	structure	NOUN
afbr-72	193	13	and	and	CCONJ
afbr-72	193	14	firm‟s	firm‟s	NOUN
afbr-72	193	15	performance	performance	NOUN
afbr-72	193	16	across	across	ADP
afbr-72	193	17	45	45	NUM
afbr-72	193	18	jordanian	jordanian	ADJ
afbr-72	193	19	manufacturing	manufacturing	NOUN
afbr-72	193	20	companies	company	NOUN
afbr-72	193	21	listed	list	VERB
afbr-72	193	22	on	on	ADP
afbr-72	193	23	amman	amman	PROPN
afbr-72	193	24	stock	stock	PROPN
afbr-72	193	25	exchange	exchange	PROPN
afbr-72	193	26	for	for	ADP
afbr-72	193	27	a	a	DET
afbr-72	193	28	period	period	NOUN
afbr-72	193	29	of	of	ADP
afbr-72	193	30	5	5	NUM
afbr-72	193	31	years	year	NOUN
afbr-72	193	32	from	from	ADP
afbr-72	193	33	20052009	20052009	NUM
afbr-72	193	34	.	.	PUNCT
afbr-72	194	1	the	the	DET
afbr-72	194	2	study	study	NOUN
afbr-72	194	3	variables	variable	NOUN
afbr-72	194	4	include	include	VERB
afbr-72	194	5	:	:	PUNCT
afbr-72	194	6	return	return	VERB
afbr-72	194	7	on	on	ADP
afbr-72	194	8	assets	asset	NOUN
afbr-72	194	9	(	(	PUNCT
afbr-72	194	10	roa	roa	NOUN
afbr-72	194	11	)	)	PUNCT
afbr-72	194	12	,	,	PUNCT
afbr-72	194	13	profit	profit	NOUN
afbr-72	194	14	margin	margin	NOUN
afbr-72	194	15	(	(	PUNCT
afbr-72	194	16	pm	pm	NOUN
afbr-72	194	17	)	)	PUNCT
afbr-72	194	18	,	,	PUNCT
afbr-72	194	19	short	short	ADJ
afbr-72	194	20	term	term	NOUN
afbr-72	194	21	debt	debt	NOUN
afbr-72	194	22	to	to	ADP
afbr-72	194	23	total	total	ADJ
afbr-72	194	24	assets	asset	NOUN
afbr-72	194	25	(	(	PUNCT
afbr-72	194	26	stdta	stdta	NOUN
afbr-72	194	27	)	)	PUNCT
afbr-72	194	28	,	,	PUNCT
afbr-72	194	29	long	long	ADJ
afbr-72	194	30	term	term	NOUN
afbr-72	194	31	debt	debt	NOUN
afbr-72	194	32	to	to	ADP
afbr-72	194	33	total	total	ADJ
afbr-72	194	34	assets	asset	NOUN
afbr-72	194	35	(	(	PUNCT
afbr-72	194	36	ltdta	ltdta	ADJ
afbr-72	194	37	)	)	PUNCT
afbr-72	194	38	and	and	CCONJ
afbr-72	194	39	total	total	ADJ
afbr-72	194	40	debt	debt	NOUN
afbr-72	194	41	equity	equity	NOUN
afbr-72	194	42	(	(	PUNCT
afbr-72	194	43	tde	tde	PROPN
afbr-72	194	44	)	)	PUNCT
afbr-72	194	45	.	.	PUNCT
afbr-72	195	1	roa	roa	PROPN
afbr-72	195	2	and	and	CCONJ
afbr-72	195	3	pm	pm	NOUN
afbr-72	195	4	constitute	constitute	VERB
afbr-72	195	5	the	the	DET
afbr-72	195	6	dependent	dependent	ADJ
afbr-72	195	7	variables	variable	NOUN
afbr-72	195	8	and	and	CCONJ
afbr-72	195	9	were	be	AUX
afbr-72	195	10	used	use	VERB
afbr-72	195	11	as	as	ADP
afbr-72	195	12	proxies	proxy	NOUN
afbr-72	195	13	for	for	ADP
afbr-72	195	14	performance	performance	NOUN
afbr-72	195	15	,	,	PUNCT
afbr-72	195	16	while	while	SCONJ
afbr-72	195	17	stdta	stdta	NOUN
afbr-72	195	18	,	,	PUNCT
afbr-72	195	19	ltdta	ltdta	ADJ
afbr-72	195	20	and	and	CCONJ
afbr-72	195	21	tde	tde	PROPN
afbr-72	195	22	represent	represent	VERB
afbr-72	195	23	the	the	DET
afbr-72	195	24	independent	independent	ADJ
afbr-72	195	25	variables	variable	NOUN
afbr-72	195	26	and	and	CCONJ
afbr-72	195	27	were	be	AUX
afbr-72	195	28	taken	take	VERB
afbr-72	195	29	as	as	ADP
afbr-72	195	30	proxies	proxy	NOUN
afbr-72	195	31	for	for	ADP
afbr-72	195	32	capital	capital	NOUN
afbr-72	195	33	structure	structure	NOUN
afbr-72	195	34	.	.	PUNCT
afbr-72	196	1	two	two	NUM
afbr-72	196	2	multiple	multiple	ADJ
afbr-72	196	3	regressions	regression	NOUN
afbr-72	196	4	in	in	ADP
afbr-72	196	5	which	which	PRON
afbr-72	196	6	roa	roa	NOUN
afbr-72	196	7	was	be	AUX
afbr-72	196	8	regressed	regress	VERB
afbr-72	196	9	on	on	ADP
afbr-72	196	10	stdta	stdta	NOUN
afbr-72	196	11	,	,	PUNCT
afbr-72	196	12	ltdta	ltdta	ADJ
afbr-72	196	13	and	and	CCONJ
afbr-72	196	14	tde	tde	ADJ
afbr-72	196	15	,	,	PUNCT
afbr-72	196	16	and	and	CCONJ
afbr-72	196	17	pm	pm	NOUN
afbr-72	196	18	was	be	AUX
afbr-72	196	19	also	also	ADV
afbr-72	196	20	regressed	regress	VERB
afbr-72	196	21	on	on	ADP
afbr-72	196	22	the	the	DET
afbr-72	196	23	same	same	ADJ
afbr-72	196	24	explanatory	explanatory	ADJ
afbr-72	196	25	variables	variable	NOUN
afbr-72	196	26	were	be	AUX
afbr-72	196	27	used	use	VERB
afbr-72	196	28	.	.	PUNCT
afbr-72	197	1	the	the	DET
afbr-72	197	2	results	result	NOUN
afbr-72	197	3	show	show	VERB
afbr-72	197	4	that	that	SCONJ
afbr-72	197	5	there	there	PRON
afbr-72	197	6	is	be	VERB
afbr-72	197	7	no	no	DET
afbr-72	197	8	significant	significant	ADJ
afbr-72	197	9	relationship	relationship	NOUN
afbr-72	197	10	between	between	ADP
afbr-72	197	11	stdta	stdta	NOUN
afbr-72	197	12	and	and	CCONJ
afbr-72	197	13	roa	roa	PROPN
afbr-72	197	14	,	,	PUNCT
afbr-72	197	15	tde	tde	NOUN
afbr-72	197	16	and	and	CCONJ
afbr-72	197	17	roa	roa	PROPN
afbr-72	197	18	,	,	PUNCT
afbr-72	197	19	stdta	stdta	NOUN
afbr-72	197	20	and	and	CCONJ
afbr-72	197	21	pm	pm	NOUN
afbr-72	197	22	,	,	PUNCT
afbr-72	197	23	ltdta	ltdta	ADJ
afbr-72	197	24	and	and	CCONJ
afbr-72	197	25	pm	pm	NOUN
afbr-72	197	26	,	,	PUNCT
afbr-72	197	27	and	and	CCONJ
afbr-72	197	28	tde	tde	NOUN
afbr-72	197	29	and	and	CCONJ
afbr-72	197	30	pm	pm	NOUN
afbr-72	197	31	.	.	PUNCT
afbr-72	198	1	however	however	ADV
afbr-72	198	2	,	,	PUNCT
afbr-72	198	3	the	the	DET
afbr-72	198	4	result	result	NOUN
afbr-72	198	5	also	also	ADV
afbr-72	198	6	reveals	reveal	VERB
afbr-72	198	7	that	that	SCONJ
afbr-72	198	8	significant	significant	ADJ
afbr-72	198	9	negative	negative	ADJ
afbr-72	198	10	relationship	relationship	NOUN
afbr-72	198	11	exists	exist	VERB
afbr-72	198	12	between	between	ADP
afbr-72	198	13	ltdta	ltdta	NOUN
afbr-72	198	14	and	and	CCONJ
afbr-72	198	15	roa	roa	PROPN
afbr-72	198	16	.	.	PUNCT
afbr-72	199	1	leon	leon	PROPN
afbr-72	199	2	(	(	PUNCT
afbr-72	199	3	2013	2013	NUM
afbr-72	199	4	)	)	PUNCT
afbr-72	199	5	investigate	investigate	VERB
afbr-72	199	6	the	the	DET
afbr-72	199	7	impact	impact	NOUN
afbr-72	199	8	of	of	ADP
afbr-72	199	9	capital	capital	NOUN
afbr-72	199	10	structure	structure	NOUN
afbr-72	199	11	on	on	ADP
afbr-72	199	12	financial	financial	ADJ
afbr-72	199	13	performance	performance	NOUN
afbr-72	199	14	of	of	ADP
afbr-72	199	15	30	30	NUM
afbr-72	199	16	listed	list	VERB
afbr-72	199	17	manufacturing	manufacturing	NOUN
afbr-72	199	18	firms	firm	NOUN
afbr-72	199	19	in	in	ADP
afbr-72	199	20	sri	sri	PROPN
afbr-72	199	21	lanka	lanka	PROPN
afbr-72	199	22	for	for	ADP
afbr-72	199	23	a	a	DET
afbr-72	199	24	period	period	NOUN
afbr-72	199	25	of	of	ADP
afbr-72	199	26	5	5	NUM
afbr-72	199	27	years	year	NOUN
afbr-72	199	28	from	from	ADP
afbr-72	199	29	20082012	20082012	NUM
afbr-72	199	30	.	.	PUNCT
afbr-72	200	1	the	the	DET
afbr-72	200	2	study	study	NOUN
afbr-72	200	3	used	use	VERB
afbr-72	200	4	correlation	correlation	NOUN
afbr-72	200	5	and	and	CCONJ
afbr-72	200	6	regression	regression	NOUN
afbr-72	200	7	techniques	technique	NOUN
afbr-72	200	8	in	in	ADP
afbr-72	200	9	the	the	DET
afbr-72	200	10	analysis	analysis	NOUN
afbr-72	200	11	of	of	ADP
afbr-72	200	12	data	datum	NOUN
afbr-72	200	13	using	use	VERB
afbr-72	200	14	statistical	statistical	ADJ
afbr-72	200	15	package	package	NOUN
afbr-72	200	16	for	for	ADP
afbr-72	200	17	social	social	ADJ
afbr-72	200	18	sciences	science	NOUN
afbr-72	200	19	(	(	PUNCT
afbr-72	200	20	spss	spss	PROPN
afbr-72	200	21	)	)	PUNCT
afbr-72	200	22	.	.	PUNCT
afbr-72	201	1	the	the	DET
afbr-72	201	2	results	result	NOUN
afbr-72	201	3	show	show	VERB
afbr-72	201	4	on	on	ADP
afbr-72	201	5	one	one	NUM
afbr-72	201	6	hand	hand	NOUN
afbr-72	201	7	,	,	PUNCT
afbr-72	201	8	that	that	SCONJ
afbr-72	201	9	there	there	PRON
afbr-72	201	10	was	be	VERB
afbr-72	201	11	a	a	DET
afbr-72	201	12	significant	significant	ADJ
afbr-72	201	13	negative	negative	ADJ
afbr-72	201	14	relationship	relationship	NOUN
afbr-72	201	15	between	between	ADP
afbr-72	201	16	leverage	leverage	NOUN
afbr-72	201	17	and	and	CCONJ
afbr-72	201	18	return	return	NOUN
afbr-72	201	19	on	on	ADP
afbr-72	201	20	equity	equity	NOUN
afbr-72	201	21	,	,	PUNCT
afbr-72	201	22	and	and	CCONJ
afbr-72	201	23	on	on	ADP
afbr-72	201	24	the	the	DET
afbr-72	201	25	other	other	ADJ
afbr-72	201	26	hand	hand	NOUN
afbr-72	201	27	,	,	PUNCT
afbr-72	201	28	there	there	PRON
afbr-72	201	29	was	be	VERB
afbr-72	201	30	no	no	DET
afbr-72	201	31	significant	significant	ADJ
afbr-72	201	32	relationship	relationship	NOUN
afbr-72	201	33	between	between	ADP
afbr-72	201	34	leverage	leverage	NOUN
afbr-72	201	35	and	and	CCONJ
afbr-72	201	36	return	return	NOUN
afbr-72	201	37	on	on	ADP
afbr-72	201	38	assets	asset	NOUN
afbr-72	201	39	.	.	PUNCT
afbr-72	202	1	rehman	rehman	NOUN
afbr-72	202	2	(	(	PUNCT
afbr-72	202	3	2013	2013	NUM
afbr-72	202	4	)	)	PUNCT
afbr-72	202	5	investigate	investigate	VERB
afbr-72	202	6	the	the	DET
afbr-72	202	7	relationship	relationship	NOUN
afbr-72	202	8	between	between	ADP
afbr-72	202	9	financial	financial	ADJ
afbr-72	202	10	leverage	leverage	NOUN
afbr-72	202	11	and	and	CCONJ
afbr-72	202	12	financial	financial	ADJ
afbr-72	202	13	performance	performance	NOUN
afbr-72	202	14	of	of	ADP
afbr-72	202	15	35	35	NUM
afbr-72	202	16	listed	list	VERB
afbr-72	202	17	sugar	sugar	NOUN
afbr-72	202	18	companies	company	NOUN
afbr-72	202	19	in	in	ADP
afbr-72	202	20	pakistan	pakistan	PROPN
afbr-72	202	21	for	for	ADP
afbr-72	202	22	a	a	DET
afbr-72	202	23	period	period	NOUN
afbr-72	202	24	of	of	ADP
afbr-72	202	25	6	6	NUM
afbr-72	202	26	years	year	NOUN
afbr-72	202	27	from	from	ADP
afbr-72	202	28	20062011	20062011	NUM
afbr-72	202	29	.	.	PUNCT
afbr-72	203	1	correlation	correlation	NOUN
afbr-72	203	2	technique	technique	NOUN
afbr-72	203	3	was	be	AUX
afbr-72	203	4	used	use	VERB
afbr-72	203	5	by	by	ADP
afbr-72	203	6	taking	take	VERB
afbr-72	203	7	financial	financial	ADJ
afbr-72	203	8	leverage	leverage	NOUN
afbr-72	203	9	proxy	proxy	NOUN
afbr-72	203	10	by	by	ADP
afbr-72	203	11	debt	debt	NOUN
afbr-72	203	12	-	-	PUNCT
afbr-72	203	13	equity	equity	NOUN
afbr-72	203	14	ratio	ratio	NOUN
afbr-72	203	15	as	as	ADP
afbr-72	203	16	independent	independent	ADJ
afbr-72	203	17	variable	variable	ADJ
afbr-72	203	18	and	and	CCONJ
afbr-72	203	19	financial	financial	ADJ
afbr-72	203	20	performance	performance	NOUN
afbr-72	203	21	surrogated	surrogate	VERB
afbr-72	203	22	by	by	ADP
afbr-72	203	23	eps	eps	PROPN
afbr-72	203	24	,	,	PUNCT
afbr-72	203	25	npm	npm	PROPN
afbr-72	203	26	,	,	PUNCT
afbr-72	203	27	roa	roa	PROPN
afbr-72	203	28	,	,	PUNCT
afbr-72	203	29	roe	roe	NOUN
afbr-72	203	30	and	and	CCONJ
afbr-72	203	31	sales	sale	NOUN
afbr-72	203	32	growth	growth	NOUN
afbr-72	203	33	as	as	ADP
afbr-72	203	34	dependent	dependent	ADJ
afbr-72	203	35	variables	variable	NOUN
afbr-72	203	36	.	.	PUNCT
afbr-72	204	1	the	the	DET
afbr-72	204	2	results	result	NOUN
afbr-72	204	3	show	show	VERB
afbr-72	204	4	that	that	SCONJ
afbr-72	204	5	financial	financial	ADJ
afbr-72	204	6	leverage	leverage	NOUN
afbr-72	204	7	has	have	VERB
afbr-72	204	8	a	a	DET
afbr-72	204	9	positive	positive	ADJ
afbr-72	204	10	relationship	relationship	NOUN
afbr-72	204	11	with	with	ADP
afbr-72	204	12	roa	roa	NOUN
afbr-72	204	13	and	and	CCONJ
afbr-72	204	14	sales	sale	NOUN
afbr-72	204	15	growth	growth	NOUN
afbr-72	204	16	,	,	PUNCT
afbr-72	204	17	and	and	CCONJ
afbr-72	204	18	negative	negative	ADJ
afbr-72	204	19	relationship	relationship	NOUN
afbr-72	204	20	with	with	ADP
afbr-72	204	21	eps	eps	PROPN
afbr-72	204	22	,	,	PUNCT
afbr-72	204	23	npm	npm	PROPN
afbr-72	204	24	and	and	CCONJ
afbr-72	204	25	roe	roe	PROPN
afbr-72	204	26	.	.	PUNCT
afbr-72	205	1	yoon	yoon	PROPN
afbr-72	205	2	and	and	CCONJ
afbr-72	205	3	prime	prime	PROPN
afbr-72	205	4	equity	equity	NOUN
afbr-72	205	5	,	,	PUNCT
afbr-72	205	6	leveraged	leveraged	ADJ
afbr-72	205	7	structure	structure	NOUN
afbr-72	205	8	and	and	CCONJ
afbr-72	205	9	corporate	corporate	ADJ
afbr-72	205	10	earnings	earning	NOUN
afbr-72	205	11	in	in	ADP
afbr-72	205	12	nigeria	nigeria	PROPN
afbr-72	205	13	:	:	PUNCT
afbr-72	205	14	a	a	DET
afbr-72	205	15	comparative	comparative	ADJ
afbr-72	205	16	analysis	analysis	NOUN
afbr-72	205	17	lucky	lucky	ADJ
afbr-72	205	18	anyike	anyike	ADP
afbr-72	205	19	lucky	lucky	ADJ
afbr-72	205	20	and	and	CCONJ
afbr-72	205	21	akobundu	akobundu	ADJ
afbr-72	205	22	charles	charle	NOUN
afbr-72	205	23	echewodo	echewodo	NOUN
afbr-72	205	24	34	34	PROPN
afbr-72	205	25	jang	jang	PROPN
afbr-72	205	26	(	(	PUNCT
afbr-72	205	27	2005	2005	NUM
afbr-72	205	28	)	)	PUNCT
afbr-72	205	29	conduct	conduct	VERB
afbr-72	205	30	a	a	DET
afbr-72	205	31	study	study	NOUN
afbr-72	205	32	on	on	ADP
afbr-72	205	33	the	the	DET
afbr-72	205	34	relationship	relationship	NOUN
afbr-72	205	35	between	between	ADP
afbr-72	205	36	return	return	NOUN
afbr-72	205	37	on	on	ADP
afbr-72	205	38	equity	equity	NOUN
afbr-72	205	39	(	(	PUNCT
afbr-72	205	40	roe	roe	PROPN
afbr-72	205	41	)	)	PUNCT
afbr-72	205	42	,	,	PUNCT
afbr-72	205	43	financial	financial	ADJ
afbr-72	205	44	leverage	leverage	NOUN
afbr-72	205	45	and	and	CCONJ
afbr-72	205	46	size	size	NOUN
afbr-72	205	47	of	of	ADP
afbr-72	205	48	62	62	NUM
afbr-72	205	49	restaurant	restaurant	NOUN
afbr-72	205	50	firms	firm	NOUN
afbr-72	205	51	in	in	ADP
afbr-72	205	52	us	we	PRON
afbr-72	205	53	for	for	ADP
afbr-72	205	54	the	the	DET
afbr-72	205	55	period	period	NOUN
afbr-72	205	56	1998	1998	NUM
afbr-72	205	57	to	to	ADP
afbr-72	205	58	2003	2003	NUM
afbr-72	205	59	using	use	VERB
afbr-72	205	60	ordinary	ordinary	ADJ
afbr-72	205	61	least	least	ADJ
afbr-72	205	62	squares	square	NOUN
afbr-72	205	63	(	(	PUNCT
afbr-72	205	64	ols	ol	NOUN
afbr-72	205	65	)	)	PUNCT
afbr-72	205	66	regressions	regression	NOUN
afbr-72	205	67	.	.	PUNCT
afbr-72	206	1	results	result	NOUN
afbr-72	206	2	show	show	VERB
afbr-72	206	3	that	that	SCONJ
afbr-72	206	4	high	high	ADJ
afbr-72	206	5	leveraged	leveraged	ADJ
afbr-72	206	6	firms	firm	NOUN
afbr-72	206	7	were	be	AUX
afbr-72	206	8	less	less	ADV
afbr-72	206	9	risky	risky	ADJ
afbr-72	206	10	in	in	ADP
afbr-72	206	11	both	both	PRON
afbr-72	206	12	market	market	NOUN
afbr-72	206	13	and	and	CCONJ
afbr-72	206	14	accounting	accounting	NOUN
afbr-72	206	15	-	-	PUNCT
afbr-72	206	16	based	base	VERB
afbr-72	206	17	performance	performance	NOUN
afbr-72	206	18	measures	measure	NOUN
afbr-72	206	19	.	.	PUNCT
afbr-72	207	1	the	the	DET
afbr-72	207	2	results	result	NOUN
afbr-72	207	3	also	also	ADV
afbr-72	207	4	found	find	VERB
afbr-72	207	5	support	support	NOUN
afbr-72	207	6	for	for	ADP
afbr-72	207	7	positive	positive	ADJ
afbr-72	207	8	relationship	relationship	NOUN
afbr-72	207	9	between	between	ADP
afbr-72	207	10	financial	financial	ADJ
afbr-72	207	11	leverage	leverage	NOUN
afbr-72	207	12	and	and	CCONJ
afbr-72	207	13	both	both	DET
afbr-72	207	14	measures	measure	NOUN
afbr-72	207	15	of	of	ADP
afbr-72	207	16	performance	performance	NOUN
afbr-72	207	17	.	.	PUNCT
afbr-72	208	1	additionally	additionally	ADV
afbr-72	208	2	,	,	PUNCT
afbr-72	208	3	the	the	DET
afbr-72	208	4	results	result	NOUN
afbr-72	208	5	further	far	ADV
afbr-72	208	6	indicate	indicate	VERB
afbr-72	208	7	that	that	DET
afbr-72	208	8	firm	firm	ADJ
afbr-72	208	9	size	size	NOUN
afbr-72	208	10	had	have	VERB
afbr-72	208	11	a	a	DET
afbr-72	208	12	more	more	ADV
afbr-72	208	13	dominant	dominant	ADJ
afbr-72	208	14	effect	effect	NOUN
afbr-72	208	15	on	on	ADP
afbr-72	208	16	roe	roe	NOUN
afbr-72	208	17	than	than	ADP
afbr-72	208	18	debt	debt	NOUN
afbr-72	208	19	,	,	PUNCT
afbr-72	208	20	and	and	CCONJ
afbr-72	208	21	regardless	regardless	ADV
afbr-72	208	22	of	of	ADP
afbr-72	208	23	the	the	DET
afbr-72	208	24	level	level	NOUN
afbr-72	208	25	of	of	ADP
afbr-72	208	26	leverage	leverage	NOUN
afbr-72	208	27	,	,	PUNCT
afbr-72	208	28	smaller	small	ADJ
afbr-72	208	29	firms	firm	NOUN
afbr-72	208	30	were	be	AUX
afbr-72	208	31	relatively	relatively	ADV
afbr-72	208	32	more	more	ADV
afbr-72	208	33	risky	risky	ADJ
afbr-72	208	34	than	than	ADP
afbr-72	208	35	larger	large	ADJ
afbr-72	208	36	firms	firm	NOUN
afbr-72	208	37	.	.	PUNCT
afbr-72	209	1	ujah	ujah	PROPN
afbr-72	209	2	and	and	CCONJ
afbr-72	209	3	brusa	brusa	PROPN
afbr-72	209	4	(	(	PUNCT
afbr-72	209	5	2013	2013	NUM
afbr-72	209	6	)	)	PUNCT
afbr-72	209	7	examine	examine	VERB
afbr-72	209	8	the	the	DET
afbr-72	209	9	effects	effect	NOUN
afbr-72	209	10	of	of	ADP
afbr-72	209	11	financial	financial	ADJ
afbr-72	209	12	leverage	leverage	NOUN
afbr-72	209	13	and	and	CCONJ
afbr-72	209	14	cash	cash	NOUN
afbr-72	209	15	flow	flow	NOUN
afbr-72	209	16	volatility	volatility	NOUN
afbr-72	209	17	on	on	ADP
afbr-72	209	18	earnings	earning	NOUN
afbr-72	209	19	management	management	NOUN
afbr-72	209	20	using	use	VERB
afbr-72	209	21	559	559	NUM
afbr-72	209	22	us	us	PROPN
afbr-72	209	23	firms	firm	NOUN
afbr-72	209	24	for	for	ADP
afbr-72	209	25	a	a	DET
afbr-72	209	26	period	period	NOUN
afbr-72	209	27	of	of	ADP
afbr-72	209	28	20	20	NUM
afbr-72	209	29	years	year	NOUN
afbr-72	209	30	from	from	ADP
afbr-72	209	31	1990	1990	NUM
afbr-72	209	32	to	to	ADP
afbr-72	209	33	2009	2009	NUM
afbr-72	209	34	.	.	PUNCT
afbr-72	210	1	the	the	DET
afbr-72	210	2	findings	finding	NOUN
afbr-72	210	3	provide	provide	VERB
afbr-72	210	4	evidence	evidence	NOUN
afbr-72	210	5	that	that	PRON
afbr-72	210	6	suggest	suggest	VERB
afbr-72	210	7	that	that	SCONJ
afbr-72	210	8	financial	financial	ADJ
afbr-72	210	9	leverage	leverage	NOUN
afbr-72	210	10	and	and	CCONJ
afbr-72	210	11	cash	cash	NOUN
afbr-72	210	12	flow	flow	NOUN
afbr-72	210	13	has	have	VERB
afbr-72	210	14	an	an	DET
afbr-72	210	15	impact	impact	NOUN
afbr-72	210	16	on	on	ADP
afbr-72	210	17	the	the	DET
afbr-72	210	18	extent	extent	NOUN
afbr-72	210	19	to	to	PART
afbr-72	210	20	which	which	PRON
afbr-72	210	21	firm‟s	firm‟s	NOUN
afbr-72	210	22	manage	manage	VERB
afbr-72	210	23	their	their	PRON
afbr-72	210	24	earnings	earning	NOUN
afbr-72	210	25	.	.	PUNCT
afbr-72	211	1	the	the	DET
afbr-72	211	2	results	result	NOUN
afbr-72	211	3	also	also	ADV
afbr-72	211	4	revealed	reveal	VERB
afbr-72	211	5	that	that	SCONJ
afbr-72	211	6	earnings	earning	NOUN
afbr-72	211	7	management	management	NOUN
afbr-72	211	8	of	of	ADP
afbr-72	211	9	firms	firm	NOUN
afbr-72	211	10	varies	vary	VERB
afbr-72	211	11	according	accord	VERB
afbr-72	211	12	to	to	ADP
afbr-72	211	13	industry	industry	NOUN
afbr-72	211	14	they	they	PRON
afbr-72	211	15	belong	belong	VERB
afbr-72	211	16	.	.	PUNCT
afbr-72	212	1	3	3	X
afbr-72	212	2	.	.	X
afbr-72	212	3	research	research	NOUN
afbr-72	212	4	methodology	methodology	NOUN
afbr-72	212	5	descriptive	descriptive	ADJ
afbr-72	212	6	and	and	CCONJ
afbr-72	212	7	longitudinal	longitudinal	ADJ
afbr-72	212	8	design	design	NOUN
afbr-72	212	9	was	be	AUX
afbr-72	212	10	employed	employ	VERB
afbr-72	212	11	with	with	ADP
afbr-72	212	12	a	a	DET
afbr-72	212	13	view	view	NOUN
afbr-72	212	14	to	to	ADP
afbr-72	212	15	making	make	VERB
afbr-72	212	16	statistical	statistical	ADJ
afbr-72	212	17	inferences	inference	NOUN
afbr-72	212	18	on	on	ADP
afbr-72	212	19	factors	factor	NOUN
afbr-72	212	20	that	that	PRON
afbr-72	212	21	determine	determine	VERB
afbr-72	212	22	corporate	corporate	ADJ
afbr-72	212	23	value	value	NOUN
afbr-72	212	24	of	of	ADP
afbr-72	212	25	quoted	quote	VERB
afbr-72	212	26	manufacturing	manufacturing	NOUN
afbr-72	212	27	firms	firm	NOUN
afbr-72	212	28	.	.	PUNCT
afbr-72	213	1	a	a	DET
afbr-72	213	2	sampling	sample	VERB
afbr-72	213	3	frame	frame	NOUN
afbr-72	213	4	of	of	ADP
afbr-72	213	5	15	15	NUM
afbr-72	213	6	quoted	quote	VERB
afbr-72	213	7	deposit	deposit	NOUN
afbr-72	213	8	money	money	NOUN
afbr-72	213	9	banks	bank	NOUN
afbr-72	213	10	was	be	AUX
afbr-72	213	11	selected	select	VERB
afbr-72	213	12	using	use	VERB
afbr-72	213	13	random	random	ADJ
afbr-72	213	14	sampling	sampling	NOUN
afbr-72	213	15	techniques	technique	NOUN
afbr-72	213	16	.	.	PUNCT
afbr-72	214	1	the	the	DET
afbr-72	214	2	required	require	VERB
afbr-72	214	3	cross	cross	ADJ
afbr-72	214	4	-	-	ADJ
afbr-72	214	5	sectional	sectional	ADJ
afbr-72	214	6	data	datum	NOUN
afbr-72	214	7	were	be	AUX
afbr-72	214	8	sourced	source	VERB
afbr-72	214	9	from	from	ADP
afbr-72	214	10	annual	annual	ADJ
afbr-72	214	11	reports	report	NOUN
afbr-72	214	12	of	of	ADP
afbr-72	214	13	the	the	DET
afbr-72	214	14	banks	bank	NOUN
afbr-72	214	15	and	and	CCONJ
afbr-72	214	16	stock	stock	NOUN
afbr-72	214	17	exchange	exchange	NOUN
afbr-72	214	18	factbook	factbook	VERB
afbr-72	214	19	from	from	ADP
afbr-72	214	20	2011	2011	NUM
afbr-72	214	21	-	-	SYM
afbr-72	214	22	2016	2016	NUM
afbr-72	214	23	.	.	PUNCT
afbr-72	215	1	3.1	3.1	NUM
afbr-72	215	2	analytical	analytical	ADJ
afbr-72	215	3	framework	framework	NOUN
afbr-72	215	4	and	and	CCONJ
afbr-72	215	5	empirical	empirical	ADJ
afbr-72	215	6	model	model	NOUN
afbr-72	215	7	specification	specification	NOUN
afbr-72	215	8	this	this	DET
afbr-72	215	9	analysis	analysis	NOUN
afbr-72	215	10	is	be	AUX
afbr-72	215	11	carried	carry	VERB
afbr-72	215	12	out	out	ADP
afbr-72	215	13	within	within	ADP
afbr-72	215	14	a	a	DET
afbr-72	215	15	panel	panel	NOUN
afbr-72	215	16	data	data	NOUN
afbr-72	215	17	estimation	estimation	NOUN
afbr-72	215	18	framework	framework	NOUN
afbr-72	215	19	.	.	PUNCT
afbr-72	216	1	the	the	DET
afbr-72	216	2	preference	preference	NOUN
afbr-72	216	3	of	of	ADP
afbr-72	216	4	this	this	DET
afbr-72	216	5	estimation	estimation	NOUN
afbr-72	216	6	method	method	NOUN
afbr-72	216	7	is	be	AUX
afbr-72	216	8	not	not	PART
afbr-72	216	9	only	only	ADV
afbr-72	216	10	because	because	SCONJ
afbr-72	216	11	it	it	PRON
afbr-72	216	12	enables	enable	VERB
afbr-72	216	13	a	a	DET
afbr-72	216	14	cross	cross	ADJ
afbr-72	216	15	-	-	ADJ
afbr-72	216	16	sectional	sectional	ADJ
afbr-72	216	17	time	time	NOUN
afbr-72	216	18	series	series	PROPN
afbr-72	216	19	analysis	analysis	NOUN
afbr-72	216	20	which	which	PRON
afbr-72	216	21	usually	usually	ADV
afbr-72	216	22	makes	make	VERB
afbr-72	216	23	provision	provision	NOUN
afbr-72	216	24	for	for	ADP
afbr-72	216	25	broader	broad	ADJ
afbr-72	216	26	set	set	NOUN
afbr-72	216	27	of	of	ADP
afbr-72	216	28	data	datum	NOUN
afbr-72	216	29	points	point	NOUN
afbr-72	216	30	,	,	PUNCT
afbr-72	216	31	but	but	CCONJ
afbr-72	216	32	also	also	ADV
afbr-72	216	33	because	because	SCONJ
afbr-72	216	34	of	of	ADP
afbr-72	216	35	its	its	PRON
afbr-72	216	36	ability	ability	NOUN
afbr-72	216	37	to	to	PART
afbr-72	216	38	control	control	VERB
afbr-72	216	39	for	for	ADP
afbr-72	216	40	heterogeneity	heterogeneity	NOUN
afbr-72	216	41	and	and	CCONJ
afbr-72	216	42	endogencity	endogencity	NOUN
afbr-72	216	43	issues	issue	NOUN
afbr-72	216	44	.	.	PUNCT
afbr-72	217	1	hence	hence	ADV
afbr-72	217	2	panel	panel	NOUN
afbr-72	217	3	data	datum	NOUN
afbr-72	217	4	estimation	estimation	NOUN
afbr-72	217	5	allows	allow	VERB
afbr-72	217	6	for	for	ADP
afbr-72	217	7	the	the	DET
afbr-72	217	8	control	control	NOUN
afbr-72	217	9	of	of	ADP
afbr-72	217	10	individual	individual	ADJ
afbr-72	217	11	-	-	PUNCT
afbr-72	217	12	specific	specific	ADJ
afbr-72	217	13	effects	effect	NOUN
afbr-72	217	14	usually	usually	ADV
afbr-72	217	15	unobservable	unobservable	ADJ
afbr-72	217	16	which	which	PRON
afbr-72	217	17	may	may	AUX
afbr-72	217	18	be	be	AUX
afbr-72	217	19	correlated	correlate	VERB
afbr-72	217	20	with	with	ADP
afbr-72	217	21	other	other	ADJ
afbr-72	217	22	explanatory	explanatory	ADJ
afbr-72	217	23	variables	variable	NOUN
afbr-72	217	24	included	include	VERB
afbr-72	217	25	in	in	ADP
afbr-72	217	26	the	the	DET
afbr-72	217	27	specification	specification	NOUN
afbr-72	217	28	of	of	ADP
afbr-72	217	29	the	the	DET
afbr-72	217	30	relationship	relationship	NOUN
afbr-72	217	31	between	between	ADP
afbr-72	217	32	dependent	dependent	ADJ
afbr-72	217	33	and	and	CCONJ
afbr-72	217	34	explanatory	explanatory	ADJ
afbr-72	217	35	variables	variable	NOUN
afbr-72	217	36	(	(	PUNCT
afbr-72	217	37	hausman	hausman	NOUN
afbr-72	217	38	and	and	CCONJ
afbr-72	217	39	taylor	taylor	PROPN
afbr-72	217	40	,	,	PUNCT
afbr-72	217	41	1981	1981	NUM
afbr-72	217	42	)	)	PUNCT
afbr-72	217	43	.	.	PUNCT
afbr-72	218	1	the	the	DET
afbr-72	218	2	basic	basic	ADJ
afbr-72	218	3	framework	framework	NOUN
afbr-72	218	4	for	for	ADP
afbr-72	218	5	panel	panel	NOUN
afbr-72	218	6	data	datum	NOUN
afbr-72	218	7	regression	regression	NOUN
afbr-72	218	8	takes	take	VERB
afbr-72	218	9	the	the	DET
afbr-72	218	10	form	form	NOUN
afbr-72	218	11	:	:	PUNCT
afbr-72	218	12	1	1	NUM
afbr-72	218	13	in	in	ADP
afbr-72	218	14	the	the	DET
afbr-72	218	15	equation	equation	NOUN
afbr-72	218	16	above	above	ADV
afbr-72	218	17	,	,	PUNCT
afbr-72	218	18	the	the	DET
afbr-72	218	19	heterogeneity	heterogeneity	NOUN
afbr-72	218	20	or	or	CCONJ
afbr-72	218	21	individual	individual	ADJ
afbr-72	218	22	effect	effect	NOUN
afbr-72	218	23	is	be	AUX
afbr-72	218	24	iz	iz	ADP
afbr-72	218	25	which	which	PRON
afbr-72	218	26	may	may	AUX
afbr-72	218	27	represent	represent	VERB
afbr-72	218	28	a	a	DET
afbr-72	218	29	constant	constant	ADJ
afbr-72	218	30	term	term	NOUN
afbr-72	218	31	and	and	CCONJ
afbr-72	218	32	a	a	DET
afbr-72	218	33	set	set	NOUN
afbr-72	218	34	of	of	ADP
afbr-72	218	35	observable	observable	ADJ
afbr-72	218	36	and	and	CCONJ
afbr-72	218	37	unobservable	unobservable	ADJ
afbr-72	218	38	variables	variable	NOUN
afbr-72	218	39	.	.	PUNCT
afbr-72	219	1	when	when	SCONJ
afbr-72	219	2	the	the	DET
afbr-72	219	3	individual	individual	ADJ
afbr-72	219	4	effect	effect	NOUN
afbr-72	219	5	iz	iz	INTJ
afbr-72	219	6	,	,	PUNCT
afbr-72	219	7	contains	contain	VERB
afbr-72	219	8	only	only	ADV
afbr-72	219	9	a	a	DET
afbr-72	219	10	constant	constant	ADJ
afbr-72	219	11	term	term	NOUN
afbr-72	219	12	,	,	PUNCT
afbr-72	219	13	ols	ol	NOUN
afbr-72	219	14	estimation	estimation	NOUN
afbr-72	219	15	provides	provide	VERB
afbr-72	219	16	a	a	DET
afbr-72	219	17	consistent	consistent	ADJ
afbr-72	219	18	and	and	CCONJ
afbr-72	219	19	efficient	efficient	ADJ
afbr-72	219	20	estimates	estimate	NOUN
afbr-72	219	21	of	of	ADP
afbr-72	219	22	the	the	DET
afbr-72	219	23	underlying	underlie	VERB
afbr-72	219	24	parameters	parameter	NOUN
afbr-72	219	25	(	(	PUNCT
afbr-72	219	26	kyereboah	kyereboah	PROPN
afbr-72	219	27	-	-	PUNCT
afbr-72	219	28	coleman	coleman	NOUN
afbr-72	219	29	,	,	PUNCT
afbr-72	219	30	2007	2007	NUM
afbr-72	219	31	)	)	PUNCT
afbr-72	219	32	;	;	PUNCT
afbr-72	219	33	hut	hut	NOUN
afbr-72	219	34	if	if	SCONJ
afbr-72	219	35	iz	iz	INTJ
afbr-72	219	36	,	,	PUNCT
afbr-72	219	37	is	be	AUX
afbr-72	219	38	un	un	ADJ
afbr-72	219	39	-	-	ADJ
afbr-72	219	40	observable	observable	ADJ
afbr-72	219	41	and	and	CCONJ
afbr-72	219	42	correlated	correlate	VERB
afbr-72	219	43	with	with	ADP
afbr-72	219	44	itx	itx	NOUN
afbr-72	219	45	,	,	PUNCT
afbr-72	219	46	then	then	ADV
afbr-72	219	47	emerges	emerge	VERB
afbr-72	219	48	the	the	DET
afbr-72	219	49	need	need	NOUN
afbr-72	219	50	to	to	PART
afbr-72	219	51	use	use	VERB
afbr-72	219	52	other	other	ADJ
afbr-72	219	53	estimation	estimation	NOUN
afbr-72	219	54	method	method	NOUN
afbr-72	219	55	because	because	SCONJ
afbr-72	219	56	ols	ol	NOUN
afbr-72	219	57	will	will	AUX
afbr-72	219	58	give	give	VERB
afbr-72	219	59	rise	rise	NOUN
afbr-72	219	60	to	to	ADP
afbr-72	219	61	biased	biased	ADJ
afbr-72	219	62	and	and	CCONJ
afbr-72	219	63	inconsistent	inconsistent	ADJ
afbr-72	219	64	estimates	estimate	NOUN
afbr-72	219	65	.	.	PUNCT
afbr-72	220	1	similarly	similarly	ADV
afbr-72	220	2	for	for	ADP
afbr-72	220	3	endogeneity	endogeneity	NOUN
afbr-72	220	4	issues	issue	NOUN
afbr-72	220	5	,	,	PUNCT
afbr-72	220	6	it	it	PRON
afbr-72	220	7	is	be	AUX
afbr-72	220	8	generally	generally	ADV
afbr-72	220	9	assumed	assume	VERB
afbr-72	220	10	that	that	SCONJ
afbr-72	220	11	the	the	DET
afbr-72	220	12	explanatory	explanatory	ADJ
afbr-72	220	13	variables	variable	NOUN
afbr-72	220	14	located	locate	VERB
afbr-72	220	15	on	on	ADP
afbr-72	220	16	the	the	DET
afbr-72	220	17	right	right	ADJ
afbr-72	220	18	hand	hand	NOUN
afbr-72	220	19	side	side	NOUN
afbr-72	220	20	of	of	ADP
afbr-72	220	21	the	the	DET
afbr-72	220	22	regression	regression	NOUN
afbr-72	220	23	equation	equation	NOUN
afbr-72	220	24	are	be	AUX
afbr-72	220	25	statistically	statistically	ADV
afbr-72	220	26	independent	independent	ADJ
afbr-72	220	27	of	of	ADP
afbr-72	220	28	the	the	DET
afbr-72	220	29	disturbance	disturbance	NOUN
afbr-72	220	30	it	it	NOUN
afbr-72	220	31	such	such	ADJ
afbr-72	220	32	that	that	SCONJ
afbr-72	220	33	the	the	DET
afbr-72	220	34	disturbance	disturbance	NOUN
afbr-72	220	35	term	term	NOUN
afbr-72	220	36	it	it	NUM
afbr-72	220	37	is	be	AUX
afbr-72	220	38	assumed	assume	VERB
afbr-72	220	39	to	to	PART
afbr-72	220	40	be	be	AUX
afbr-72	220	41	uncorrelated	uncorrelate	VERB
afbr-72	220	42	with	with	ADP
afbr-72	220	43	columns	column	NOUN
afbr-72	220	44	of‟	of‟	VERB
afbr-72	220	45	the	the	DET
afbr-72	220	46	parameters	parameter	NOUN
afbr-72	220	47	itx	itx	VERB
afbr-72	220	48	and	and	CCONJ
afbr-72	220	49	itz	itz	PROPN
afbr-72	220	50	as	as	SCONJ
afbr-72	220	51	stated	state	VERB
afbr-72	220	52	in	in	ADP
afbr-72	220	53	equation	equation	NOUN
afbr-72	220	54	(	(	PUNCT
afbr-72	220	55	1	1	NUM
afbr-72	220	56	)	)	PUNCT
afbr-72	220	57	,	,	PUNCT
afbr-72	220	58	and	and	CCONJ
afbr-72	220	59	has	have	VERB
afbr-72	220	60	zero	zero	NUM
afbr-72	220	61	mean	mean	ADJ
afbr-72	220	62	and	and	CCONJ
afbr-72	220	63	constant	constant	ADJ
afbr-72	220	64	variance	variance	NOUN
afbr-72	220	65			PROPN
afbr-72	220	66	2	2	NUM
afbr-72	220	67	(	(	PUNCT
afbr-72	220	68	hausman	hausman	NOUN
afbr-72	220	69	and	and	CCONJ
afbr-72	220	70	taylor	taylor	PROPN
afbr-72	220	71	,	,	PUNCT
afbr-72	220	72	198	198	NUM
afbr-72	220	73	)	)	PUNCT
afbr-72	220	74	.	.	PUNCT
afbr-72	221	1	if	if	SCONJ
afbr-72	221	2	this	this	DET
afbr-72	221	3	assumption	assumption	NOUN
afbr-72	221	4	is	be	AUX
afbr-72	221	5	violated	violate	VERB
afbr-72	221	6	,	,	PUNCT
afbr-72	221	7	itiitit	itiitit	PROPN
afbr-72	221	8	zxy	zxy	PROPN
afbr-72	221	9			PROPN
afbr-72	221	10			VERB
afbr-72	221	11	,	,	PUNCT
afbr-72	221	12	,	,	PUNCT
afbr-72	221	13	prime	prime	ADJ
afbr-72	221	14	equity	equity	NOUN
afbr-72	221	15	,	,	PUNCT
afbr-72	221	16	leveraged	leveraged	ADJ
afbr-72	221	17	structure	structure	NOUN
afbr-72	221	18	and	and	CCONJ
afbr-72	221	19	corporate	corporate	ADJ
afbr-72	221	20	earnings	earning	NOUN
afbr-72	221	21	in	in	ADP
afbr-72	221	22	nigeria	nigeria	PROPN
afbr-72	221	23	:	:	PUNCT
afbr-72	221	24	a	a	DET
afbr-72	221	25	comparative	comparative	ADJ
afbr-72	221	26	analysis	analysis	NOUN
afbr-72	221	27	lucky	lucky	ADJ
afbr-72	221	28	anyike	anyike	ADP
afbr-72	221	29	lucky	lucky	ADJ
afbr-72	221	30	and	and	CCONJ
afbr-72	221	31	akobundu	akobundu	ADJ
afbr-72	221	32	charles	charle	NOUN
afbr-72	221	33	echewodo	echewodo	NOUN
afbr-72	221	34	35	35	NUM
afbr-72	221	35	then	then	ADV
afbr-72	221	36	ols	ol	NOUN
afbr-72	221	37	estimation	estimation	NOUN
afbr-72	221	38	will	will	AUX
afbr-72	221	39	yield	yield	VERB
afbr-72	221	40	biased	biased	ADJ
afbr-72	221	41	estimates	estimate	NOUN
afbr-72	221	42	of	of	ADP
afbr-72	221	43	the	the	DET
afbr-72	221	44	underlying	underlie	VERB
afbr-72	221	45	parameters	parameter	NOUN
afbr-72	221	46	of	of	ADP
afbr-72	221	47			PROPN
afbr-72	221	48	(	(	PUNCT
afbr-72	221	49	mayston	mayston	PROPN
afbr-72	221	50	,	,	PUNCT
afbr-72	221	51	2002).hence	2002).hence	NUM
afbr-72	221	52	,	,	PUNCT
afbr-72	221	53	endogeneitv	endogeneitv	NOUN
afbr-72	221	54	problems	problem	NOUN
afbr-72	221	55	arise	arise	VERB
afbr-72	221	56	when	when	SCONJ
afbr-72	221	57	the	the	DET
afbr-72	221	58	explanatory	explanatory	ADJ
afbr-72	221	59	variables	variable	NOUN
afbr-72	221	60	are	be	AUX
afbr-72	221	61	correlated	correlate	VERB
afbr-72	221	62	with	with	ADP
afbr-72	221	63	the	the	DET
afbr-72	221	64	disturbance	disturbance	NOUN
afbr-72	221	65	term	term	NOUN
afbr-72	221	66	it	it	PROPN
afbr-72	221	67	(	(	PUNCT
afbr-72	221	68	mayston	mayston	PROPN
afbr-72	221	69	,	,	PUNCT
afbr-72	221	70	2002	2002	NUM
afbr-72	221	71	;	;	PUNCT
afbr-72	221	72	hausman	hausman	PROPN
afbr-72	221	73	and	and	CCONJ
afbr-72	221	74	taylor	taylor	PROPN
afbr-72	221	75	,	,	PUNCT
afbr-72	221	76	1981	1981	NUM
afbr-72	221	77	)	)	PUNCT
afbr-72	221	78	.	.	PUNCT
afbr-72	222	1	in	in	ADP
afbr-72	222	2	order	order	NOUN
afbr-72	222	3	to	to	PART
afbr-72	222	4	circumvent	circumvent	VERB
afbr-72	222	5	these	these	DET
afbr-72	222	6	problems	problem	NOUN
afbr-72	222	7	,	,	PUNCT
afbr-72	222	8	panel	panel	NOUN
afbr-72	222	9	estimation	estimation	NOUN
afbr-72	222	10	techniques	technique	NOUN
afbr-72	222	11	of	of	ADP
afbr-72	222	12	fixed	fix	VERB
afbr-72	222	13	and	and	CCONJ
afbr-72	222	14	random	random	ADJ
afbr-72	222	15	effects	effect	NOUN
afbr-72	222	16	will	will	AUX
afbr-72	222	17	be	be	AUX
afbr-72	222	18	adopted	adopt	VERB
afbr-72	222	19	in	in	ADP
afbr-72	222	20	this	this	DET
afbr-72	222	21	study	study	NOUN
afbr-72	222	22	,	,	PUNCT
afbr-72	222	23	in	in	ADP
afbr-72	222	24	addition	addition	NOUN
afbr-72	222	25	to	to	ADP
afbr-72	222	26	the	the	DET
afbr-72	222	27	traditional	traditional	ADJ
afbr-72	222	28	pooled	pool	VERB
afbr-72	222	29	regression	regression	NOUN
afbr-72	222	30	estimation	estimation	NOUN
afbr-72	222	31	.	.	PUNCT
afbr-72	223	1	decisions	decision	NOUN
afbr-72	223	2	will	will	AUX
afbr-72	223	3	be	be	AUX
afbr-72	223	4	made	make	VERB
afbr-72	223	5	between	between	ADP
afbr-72	223	6	the	the	DET
afbr-72	223	7	fixed	fix	VERB
afbr-72	223	8	and	and	CCONJ
afbr-72	223	9	random	random	ADJ
afbr-72	223	10	effect	effect	NOUN
afbr-72	223	11	models	model	NOUN
afbr-72	223	12	using	use	VERB
afbr-72	223	13	the	the	DET
afbr-72	223	14	hausman	hausman	ADJ
afbr-72	223	15	specification	specification	NOUN
afbr-72	223	16	test	test	NOUN
afbr-72	223	17	.	.	PUNCT
afbr-72	224	1	the	the	DET
afbr-72	224	2	panel	panel	NOUN
afbr-72	224	3	model	model	NOUN
afbr-72	224	4	for	for	ADP
afbr-72	224	5	the	the	DET
afbr-72	224	6	study	study	NOUN
afbr-72	224	7	is	be	AUX
afbr-72	224	8	specified	specify	VERB
afbr-72	224	9	base	base	NOUN
afbr-72	224	10	on	on	ADP
afbr-72	224	11	the	the	DET
afbr-72	224	12	modified	modify	VERB
afbr-72	224	13	model	model	NOUN
afbr-72	224	14	of	of	ADP
afbr-72	224	15	akeem	akeem	PROPN
afbr-72	224	16	,	,	PUNCT
afbr-72	224	17	edwin	edwin	PROPN
afbr-72	224	18	,	,	PUNCT
afbr-72	224	19	kiyanjui	kiyanjui	PROPN
afbr-72	224	20	and	and	CCONJ
afbr-72	224	21	kayode	kayode	PROPN
afbr-72	224	22	(	(	PUNCT
afbr-72	224	23	2014	2014	NUM
afbr-72	224	24	)	)	PUNCT
afbr-72	224	25	.	.	PUNCT
afbr-72	225	1	itiitit	itiitit	PROPN
afbr-72	225	2	zxy	zxy	PROPN
afbr-72	225	3			PROPN
afbr-72	225	4			PUNCT
afbr-72	225	5	''	''	PUNCT
afbr-72	225	6	2	2	NUM
afbr-72	225	7	where	where	SCONJ
afbr-72	225	8	:	:	PUNCT
afbr-72	225	9	y	y	NOUN
afbr-72	225	10	=	=	PUNCT
afbr-72	225	11	dependent	dependent	ADJ
afbr-72	225	12	variable	variable	ADJ
afbr-72	225	13	d	d	NOUN
afbr-72	225	14	=	=	SYM
afbr-72	225	15	independent	independent	ADJ
afbr-72	225	16	variable	variable	NOUN
afbr-72	225	17	o	o	PROPN
afbr-72	225	18	=	=	PUNCT
afbr-72	225	19	intercept	intercept	VERB
afbr-72	225	20	i	i	X
afbr-72	225	21	=	=	SYM
afbr-72	225	22	coefficient	coefficient	NOUN
afbr-72	225	23	of	of	ADP
afbr-72	225	24	the	the	DET
afbr-72	225	25	explanatory	explanatory	ADJ
afbr-72	225	26	variable	variable	ADJ
afbr-72	225	27	e	e	NOUN
afbr-72	225	28	=	=	NOUN
afbr-72	225	29	error	error	NOUN
afbr-72	225	30	term	term	NOUN
afbr-72	225	31	i	i	PRON
afbr-72	225	32	=	=	PUNCT
afbr-72	225	33	cross	cross	ADJ
afbr-72	225	34	-	-	ADJ
afbr-72	225	35	sectional	sectional	ADJ
afbr-72	225	36	variable	variable	ADJ
afbr-72	225	37	t	t	NOUN
afbr-72	225	38	=	=	PUNCT
afbr-72	225	39	time	time	NOUN
afbr-72	225	40	series	series	PROPN
afbr-72	225	41	variable	variable	PROPN
afbr-72	225	42	model	model	PROPN
afbr-72	225	43	specification	specification	PROPN
afbr-72	225	44	eps	eps	PROPN
afbr-72	225	45	=	=	SYM
afbr-72	225	46	f(ev	f(ev	PROPN
afbr-72	225	47	)	)	PUNCT
afbr-72	225	48	3	3	NUM
afbr-72	225	49	pooled	pool	VERB
afbr-72	225	50	regression	regression	NOUN
afbr-72	225	51	specification	specification	NOUN
afbr-72	225	52	4	4	NUM
afbr-72	225	53	fixed	fix	VERB
afbr-72	225	54	effect	effect	NOUN
afbr-72	225	55	model	model	NOUN
afbr-72	225	56	specification	specification	PROPN
afbr-72	225	57	itiiitit	itiiitit	PROPN
afbr-72	225	58	idumevoeps	idumevoep	VERB
afbr-72	225	59	111	111	NUM
afbr-72	225	60	9	9	NUM
afbr-72	225	61	1	1	NUM
afbr-72	225	62			SYM
afbr-72	225	63			PART
afbr-72	225	64			X
afbr-72	225	65	5	5	NUM
afbr-72	225	66	random	random	ADJ
afbr-72	225	67	effect	effect	NOUN
afbr-72	225	68	model	model	NOUN
afbr-72	225	69	specificatiosn	specificatiosn	PROPN
afbr-72	225	70	ititit	ititit	PROPN
afbr-72	225	71	ievoeps	ievoep	VERB
afbr-72	225	72	111	111	NUM
afbr-72	225	73			ADJ
afbr-72	225	74			PROPN
afbr-72	225	75	6	6	NUM
afbr-72	225	76	eps	eps	NOUN
afbr-72	225	77	=	=	PUNCT
afbr-72	225	78	f(der	f(der	NOUN
afbr-72	225	79	)	)	PUNCT
afbr-72	225	80	7	7	NUM
afbr-72	225	81	pooled	pool	VERB
afbr-72	225	82	regression	regression	NOUN
afbr-72	225	83	specification	specification	NOUN
afbr-72	225	84	itideroeps	itideroep	VERB
afbr-72	225	85	11	11	NUM
afbr-72	225	86			NOUN
afbr-72	225	87			PUNCT
afbr-72	225	88	8	8	NUM
afbr-72	225	89	fixed	fix	VERB
afbr-72	225	90	effect	effect	NOUN
afbr-72	225	91	model	model	NOUN
afbr-72	225	92	specification	specification	PROPN
afbr-72	225	93	itiiitit	itiiitit	PROPN
afbr-72	225	94	idumderoeps	idumderoep	VERB
afbr-72	225	95	111	111	NUM
afbr-72	225	96	9	9	NUM
afbr-72	225	97	1	1	NUM
afbr-72	225	98			SYM
afbr-72	225	99			NOUN
afbr-72	225	100			X
afbr-72	225	101	9	9	NUM
afbr-72	225	102	itievoeps	itievoep	NOUN
afbr-72	225	103	11	11	NUM
afbr-72	225	104			NOUN
afbr-72	225	105			PUNCT
afbr-72	225	106	prime	prime	ADJ
afbr-72	225	107	equity	equity	NOUN
afbr-72	225	108	,	,	PUNCT
afbr-72	225	109	leveraged	leveraged	ADJ
afbr-72	225	110	structure	structure	NOUN
afbr-72	225	111	and	and	CCONJ
afbr-72	225	112	corporate	corporate	ADJ
afbr-72	225	113	earnings	earning	NOUN
afbr-72	225	114	in	in	ADP
afbr-72	225	115	nigeria	nigeria	PROPN
afbr-72	225	116	:	:	PUNCT
afbr-72	225	117	a	a	DET
afbr-72	225	118	comparative	comparative	ADJ
afbr-72	225	119	analysis	analysis	NOUN
afbr-72	225	120	lucky	lucky	ADJ
afbr-72	225	121	anyike	anyike	ADP
afbr-72	225	122	lucky	lucky	ADJ
afbr-72	225	123	and	and	CCONJ
afbr-72	225	124	akobundu	akobundu	ADJ
afbr-72	225	125	charles	charle	NOUN
afbr-72	225	126	echewodo	echewodo	NOUN
afbr-72	225	127	36	36	NUM
afbr-72	225	128	random	random	ADJ
afbr-72	225	129	effect	effect	NOUN
afbr-72	225	130	model	model	NOUN
afbr-72	225	131	specification	specification	NOUN
afbr-72	225	132	ititit	ititit	PROPN
afbr-72	225	133	ideroeps	ideroep	VERB
afbr-72	225	134	111	111	NUM
afbr-72	225	135			ADJ
afbr-72	225	136			NOUN
afbr-72	225	137	10	10	NUM
afbr-72	225	138	where	where	SCONJ
afbr-72	225	139	eps	eps	NOUN
afbr-72	225	140	=	=	NOUN
afbr-72	225	141	earnings	earning	NOUN
afbr-72	225	142	per	per	ADP
afbr-72	225	143	share	share	NOUN
afbr-72	225	144	ev	ev	X
afbr-72	225	145	=	=	NOUN
afbr-72	225	146	equity	equity	NOUN
afbr-72	225	147	value	value	NOUN
afbr-72	225	148	der	der	NOUN
afbr-72	225	149	=	=	PROPN
afbr-72	225	150	debt	debt	NOUN
afbr-72	225	151	equity	equity	NOUN
afbr-72	225	152	ratio	ratio	NOUN
afbr-72	225	153	1	1	NUM
afbr-72	226	1	=	=	SYM
afbr-72	227	1	stochastic	stochastic	NOUN
afbr-72	227	2	or	or	CCONJ
afbr-72	227	3	disturbance	disturbance	NOUN
afbr-72	227	4	/	/	SYM
afbr-72	227	5	error	error	NOUN
afbr-72	227	6	term	term	NOUN
afbr-72	227	7	.	.	PUNCT
afbr-72	228	1	t	t	NOUN
afbr-72	228	2	=	=	PUNCT
afbr-72	228	3	time	time	NOUN
afbr-72	228	4	dimension	dimension	NOUN
afbr-72	228	5	of	of	ADP
afbr-72	228	6	the	the	DET
afbr-72	228	7	variables	variable	NOUN
afbr-72	228	8	α	α	NOUN
afbr-72	228	9	0	0	X
afbr-72	229	1	=	=	SYM
afbr-72	229	2	constant	constant	ADJ
afbr-72	229	3	or	or	CCONJ
afbr-72	229	4	intercept	intercept	NOUN
afbr-72	229	5	.	.	PUNCT
afbr-72	230	1	4	4	X
afbr-72	230	2	.	.	X
afbr-72	230	3	result	result	NOUN
afbr-72	230	4	and	and	CCONJ
afbr-72	230	5	discussion	discussion	NOUN
afbr-72	230	6	4.1	4.1	NUM
afbr-72	230	7	presentation	presentation	NOUN
afbr-72	230	8	of	of	ADP
afbr-72	230	9	results	result	NOUN
afbr-72	230	10	:	:	PUNCT
afbr-72	230	11	equity	equity	NOUN
afbr-72	230	12	value	value	NOUN
afbr-72	230	13	and	and	CCONJ
afbr-72	230	14	earnings	earning	NOUN
afbr-72	230	15	per	per	ADP
afbr-72	230	16	share	share	NOUN
afbr-72	230	17	table	table	NOUN
afbr-72	230	18	1	1	NUM
afbr-72	230	19	:	:	PUNCT
afbr-72	230	20	testing	test	VERB
afbr-72	230	21	the	the	DET
afbr-72	230	22	significance	significance	NOUN
afbr-72	230	23	of	of	ADP
afbr-72	230	24	the	the	DET
afbr-72	230	25	models	model	NOUN
afbr-72	230	26	test	test	VERB
afbr-72	230	27	:	:	PUNCT
afbr-72	230	28	redundant	redundant	ADJ
afbr-72	230	29	chi	chi	NOUN
afbr-72	230	30	–	–	PUNCT
afbr-72	230	31	sq	sq	INTJ
afbr-72	230	32	stat	stat	PROPN
afbr-72	230	33	df	df	PROPN
afbr-72	230	34	prob	prob	PROPN
afbr-72	230	35	cross	cross	PROPN
afbr-72	230	36	-	-	NOUN
afbr-72	230	37	section	section	ADJ
afbr-72	230	38	f	f	PROPN
afbr-72	230	39	11.724740	11.724740	NUM
afbr-72	230	40	(	(	PUNCT
afbr-72	230	41	9,38	9,38	NOUN
afbr-72	230	42	)	)	PUNCT
afbr-72	230	43	0.0000	0.0000	NUM
afbr-72	230	44	cross	cross	ADJ
afbr-72	230	45	-	-	ADJ
afbr-72	230	46	section	section	ADJ
afbr-72	230	47	chi	chi	ADJ
afbr-72	230	48	-	-	PUNCT
afbr-72	230	49	square	square	ADJ
afbr-72	230	50	66.445337	66.445337	NUM
afbr-72	230	51	9	9	NUM
afbr-72	230	52	0.0000	0.0000	NUM
afbr-72	230	53	test	test	NOUN
afbr-72	230	54	:	:	PUNCT
afbr-72	230	55	hausman	hausman	PROPN
afbr-72	230	56	chi	chi	PROPN
afbr-72	230	57	–	–	PUNCT
afbr-72	230	58	sq	sq	INTJ
afbr-72	230	59	stat	stat	PROPN
afbr-72	230	60	df	df	PROPN
afbr-72	230	61	prob	prob	PROPN
afbr-72	230	62	cross	cross	PROPN
afbr-72	230	63	-	-	ADJ
afbr-72	230	64	section	section	ADJ
afbr-72	230	65	random	random	ADJ
afbr-72	230	66	0.718309	0.718309	NUM
afbr-72	230	67	2	2	NUM
afbr-72	230	68	0.6983	0.6983	NUM
afbr-72	230	69	source	source	NOUN
afbr-72	230	70	:	:	PUNCT
afbr-72	230	71	extract	extract	NOUN
afbr-72	230	72	from	from	ADP
afbr-72	230	73	e	e	NOUN
afbr-72	230	74	-	-	NOUN
afbr-72	230	75	view	view	ADJ
afbr-72	230	76	windows	window	NOUN
afbr-72	230	77	9.0	9.0	NUM
afbr-72	230	78	for	for	ADP
afbr-72	230	79	the	the	DET
afbr-72	230	80	purpose	purpose	NOUN
afbr-72	230	81	of	of	ADP
afbr-72	230	82	decision	decision	NOUN
afbr-72	230	83	making	making	NOUN
afbr-72	230	84	regarding	regard	VERB
afbr-72	230	85	choice	choice	NOUN
afbr-72	230	86	between	between	ADP
afbr-72	230	87	fixed	fix	VERB
afbr-72	230	88	and	and	CCONJ
afbr-72	230	89	random	random	ADJ
afbr-72	230	90	effects	effect	NOUN
afbr-72	230	91	hausman	hausman	PROPN
afbr-72	230	92	test	test	NOUN
afbr-72	230	93	was	be	AUX
afbr-72	230	94	run	run	VERB
afbr-72	230	95	.	.	PUNCT
afbr-72	231	1	the	the	DET
afbr-72	231	2	decision	decision	NOUN
afbr-72	231	3	of	of	ADP
afbr-72	231	4	choice	choice	NOUN
afbr-72	231	5	between	between	ADP
afbr-72	231	6	fixed	fix	VERB
afbr-72	231	7	and	and	CCONJ
afbr-72	231	8	random	random	ADJ
afbr-72	231	9	effect	effect	NOUN
afbr-72	231	10	is	be	AUX
afbr-72	231	11	based	base	VERB
afbr-72	231	12	on	on	ADP
afbr-72	231	13	p	p	NOUN
afbr-72	231	14	-	-	PUNCT
afbr-72	231	15	value	value	NOUN
afbr-72	231	16	of	of	ADP
afbr-72	231	17	hausman	hausman	ADJ
afbr-72	231	18	test	test	NOUN
afbr-72	231	19	.	.	PUNCT
afbr-72	232	1	if	if	SCONJ
afbr-72	232	2	the	the	DET
afbr-72	232	3	p	p	PROPN
afbr-72	232	4	value	value	NOUN
afbr-72	232	5	of	of	ADP
afbr-72	232	6	the	the	DET
afbr-72	232	7	hausman	hausman	ADJ
afbr-72	232	8	test	test	NOUN
afbr-72	232	9	is	be	AUX
afbr-72	232	10	less	less	ADJ
afbr-72	232	11	than	than	ADP
afbr-72	232	12	0.05	0.05	NUM
afbr-72	232	13	,	,	PUNCT
afbr-72	232	14	we	we	PRON
afbr-72	232	15	have	have	VERB
afbr-72	232	16	a	a	DET
afbr-72	232	17	preference	preference	NOUN
afbr-72	232	18	to	to	PART
afbr-72	232	19	use	use	VERB
afbr-72	232	20	a	a	DET
afbr-72	232	21	fixed	fix	VERB
afbr-72	232	22	effects	effect	NOUN
afbr-72	232	23	model	model	NOUN
afbr-72	232	24	.	.	PUNCT
afbr-72	233	1	on	on	ADP
afbr-72	233	2	the	the	DET
afbr-72	233	3	other	other	ADJ
afbr-72	233	4	hand	hand	NOUN
afbr-72	233	5	if	if	SCONJ
afbr-72	233	6	the	the	DET
afbr-72	233	7	p	p	NOUN
afbr-72	233	8	-	-	PUNCT
afbr-72	233	9	value	value	NOUN
afbr-72	233	10	of	of	ADP
afbr-72	233	11	the	the	DET
afbr-72	233	12	hausman	hausman	ADJ
afbr-72	233	13	test	test	NOUN
afbr-72	233	14	is	be	AUX
afbr-72	233	15	more	more	ADJ
afbr-72	233	16	than	than	ADP
afbr-72	233	17	0.05	0.05	NUM
afbr-72	233	18	,	,	PUNCT
afbr-72	233	19	we	we	PRON
afbr-72	233	20	select	select	VERB
afbr-72	233	21	to	to	PART
afbr-72	233	22	use	use	VERB
afbr-72	233	23	fixed	fix	VERB
afbr-72	233	24	effects	effect	NOUN
afbr-72	233	25	.	.	PUNCT
afbr-72	234	1	in	in	ADP
afbr-72	234	2	this	this	DET
afbr-72	234	3	study	study	NOUN
afbr-72	234	4	,	,	PUNCT
afbr-72	234	5	the	the	DET
afbr-72	234	6	p	p	NOUN
afbr-72	234	7	-	-	PUNCT
afbr-72	234	8	value	value	NOUN
afbr-72	234	9	of	of	ADP
afbr-72	234	10	hausman	hausman	ADJ
afbr-72	234	11	test	test	NOUN
afbr-72	234	12	was	be	AUX
afbr-72	234	13	more	more	ADJ
afbr-72	234	14	than	than	ADP
afbr-72	234	15	0.05	0.05	NUM
afbr-72	234	16	so	so	ADV
afbr-72	234	17	fixed	fixed	ADJ
afbr-72	234	18	effects	effect	NOUN
afbr-72	234	19	are	be	AUX
afbr-72	234	20	used	use	VERB
afbr-72	234	21	.	.	PUNCT
afbr-72	235	1	for	for	ADP
afbr-72	235	2	comparison	comparison	NOUN
afbr-72	235	3	purpose	purpose	NOUN
afbr-72	235	4	pooled	pool	VERB
afbr-72	235	5	regression	regression	NOUN
afbr-72	235	6	results	result	NOUN
afbr-72	235	7	are	be	AUX
afbr-72	235	8	also	also	ADV
afbr-72	235	9	given	give	VERB
afbr-72	235	10	.	.	PUNCT
afbr-72	236	1	value	value	NOUN
afbr-72	236	2	may	may	AUX
afbr-72	236	3	be	be	AUX
afbr-72	236	4	shown	show	VERB
afbr-72	236	5	as	as	ADP
afbr-72	236	6	f	f	NOUN
afbr-72	236	7	-	-	PUNCT
afbr-72	236	8	value	value	NOUN
afbr-72	236	9	.	.	PUNCT
afbr-72	237	1	“	"	PUNCT
afbr-72	237	2	f	f	X
afbr-72	237	3	”	"	PUNCT
afbr-72	237	4	value	value	NOUN
afbr-72	237	5	of	of	ADP
afbr-72	237	6	the	the	DET
afbr-72	237	7	table	table	NOUN
afbr-72	237	8	signifies	signify	VERB
afbr-72	237	9	whether	whether	SCONJ
afbr-72	237	10	the	the	DET
afbr-72	237	11	overall	overall	ADJ
afbr-72	237	12	model	model	NOUN
afbr-72	237	13	is	be	AUX
afbr-72	237	14	statistically	statistically	ADV
afbr-72	237	15	significant	significant	ADJ
afbr-72	237	16	or	or	CCONJ
afbr-72	237	17	not	not	PART
afbr-72	237	18	.	.	PUNCT
afbr-72	238	1	the	the	PRON
afbr-72	238	2	more	more	ADJ
afbr-72	238	3	the	the	DET
afbr-72	238	4	f	f	PROPN
afbr-72	238	5	value	value	NOUN
afbr-72	238	6	or	or	CCONJ
afbr-72	238	7	wald	wald	PROPN
afbr-72	238	8	chi	chi	PROPN
afbr-72	238	9	square	square	PROPN
afbr-72	238	10	test	test	NOUN
afbr-72	238	11	value	value	NOUN
afbr-72	238	12	the	the	PRON
afbr-72	238	13	more	more	ADV
afbr-72	238	14	the	the	DET
afbr-72	238	15	model	model	NOUN
afbr-72	238	16	is	be	AUX
afbr-72	238	17	considered	consider	VERB
afbr-72	238	18	not	not	PART
afbr-72	238	19	significant	significant	ADJ
afbr-72	238	20	.	.	PUNCT
afbr-72	239	1	from	from	ADP
afbr-72	239	2	the	the	DET
afbr-72	239	3	above	above	NOUN
afbr-72	239	4	,	,	PUNCT
afbr-72	239	5	the	the	DET
afbr-72	239	6	study	study	NOUN
afbr-72	239	7	adopts	adopt	VERB
afbr-72	239	8	the	the	DET
afbr-72	239	9	fixed	fix	VERB
afbr-72	239	10	effect	effect	NOUN
afbr-72	239	11	model	model	NOUN
afbr-72	239	12	for	for	ADP
afbr-72	239	13	the	the	DET
afbr-72	239	14	three	three	NUM
afbr-72	239	15	models	model	NOUN
afbr-72	239	16	above	above	ADV
afbr-72	239	17	.	.	PUNCT
afbr-72	240	1	table	table	NOUN
afbr-72	240	2	2	2	NUM
afbr-72	240	3	equity	equity	NOUN
afbr-72	240	4	value	value	NOUN
afbr-72	240	5	and	and	CCONJ
afbr-72	240	6	earnings	earning	NOUN
afbr-72	240	7	per	per	ADP
afbr-72	240	8	share	share	NOUN
afbr-72	240	9	of	of	ADP
afbr-72	240	10	deposit	deposit	NOUN
afbr-72	240	11	money	money	NOUN
afbr-72	240	12	pooled	pool	VERB
afbr-72	240	13	effect	effect	NOUN
afbr-72	240	14	fixed	fix	VERB
afbr-72	240	15	effect	effect	NOUN
afbr-72	240	16	random	random	ADJ
afbr-72	240	17	effect	effect	NOUN
afbr-72	240	18	variable	variable	ADJ
afbr-72	240	19	coefficient	coefficient	NOUN
afbr-72	240	20	t	t	NOUN
afbr-72	240	21	-	-	PUNCT
afbr-72	240	22	stat	stat	NOUN
afbr-72	240	23	p	p	NOUN
afbr-72	240	24	-	-	PUNCT
afbr-72	240	25	value	value	NOUN
afbr-72	240	26	coefficient	coefficient	NOUN
afbr-72	240	27	t	t	NOUN
afbr-72	240	28	-	-	PUNCT
afbr-72	240	29	stat	stat	NOUN
afbr-72	240	30	p	p	NOUN
afbr-72	240	31	-	-	PUNCT
afbr-72	240	32	value	value	NOUN
afbr-72	240	33	coefficient	coefficient	NOUN
afbr-72	240	34	t	t	NOUN
afbr-72	240	35	-	-	PUNCT
afbr-72	240	36	stat	stat	NOUN
afbr-72	240	37	p	p	NOUN
afbr-72	240	38	-	-	PUNCT
afbr-72	240	39	value	value	NOUN
afbr-72	240	40	ev	ev	ADP
afbr-72	240	41	8.76e-05	8.76e-05	NUM
afbr-72	240	42	1.138244	1.138244	NUM
afbr-72	240	43	0.2608	0.2608	NUM
afbr-72	240	44	7.44e-05	7.44e-05	NUM
afbr-72	240	45	0.922395	0.922395	NUM
afbr-72	240	46	0.3621	0.3621	NUM
afbr-72	240	47	6.72e-05	6.72e-05	NUM
afbr-72	240	48	0.909176	0.909176	NUM
afbr-72	240	49	0.3679	0.3679	NUM
afbr-72	240	50	β0	β0	PROPN
afbr-72	240	51	1.823160	1.823160	NUM
afbr-72	240	52	4.100633	4.100633	NUM
afbr-72	240	53	0.0002	0.0002	NUM
afbr-72	240	54	2.338500	2.338500	NUM
afbr-72	240	55	4.486475	4.486475	NUM
afbr-72	240	56	0.0001	0.0001	NUM
afbr-72	240	57	2.101920	2.101920	NUM
afbr-72	240	58	3.594702	3.594702	NUM
afbr-72	240	59	0.0008	0.0008	NUM
afbr-72	240	60	r	r	NOUN
afbr-72	240	61	-	-	PUNCT
afbr-72	240	62	squared	square	VERB
afbr-72	240	63	0.026857	0.026857	NUM
afbr-72	240	64	1.138244	1.138244	NUM
afbr-72	240	65	0.2608	0.2608	NUM
afbr-72	240	66	0.742344	0.742344	NUM
afbr-72	240	67	0.022935	0.022935	NUM
afbr-72	240	68	adj	adj	NOUN
afbr-72	240	69	r2	r2	PROPN
afbr-72	240	70	0.014554	0.014554	NUM
afbr-72	240	71	0.667760	0.667760	NUM
afbr-72	240	72	-0.018642	-0.018642	NOUN
afbr-72	240	73	f	f	X
afbr-72	240	74	-	-	PUNCT
afbr-72	240	75	statistic	statistic	NOUN
afbr-72	240	76	0.648548	0.648548	NUM
afbr-72	240	77	9.953051	9.953051	NUM
afbr-72	240	78	0.551628	0.551628	NUM
afbr-72	241	1	f	f	NOUN
afbr-72	241	2	-	-	PUNCT
afbr-72	241	3	prob	prob	ADJ
afbr-72	241	4	0.527419	0.527419	NUM
afbr-72	241	5	0.000000	0.000000	NUM
afbr-72	241	6	0.579695	0.579695	NUM
afbr-72	241	7	dw	dw	NOUN
afbr-72	241	8	0.861168	0.861168	NUM
afbr-72	241	9	1.888071	1.888071	NUM
afbr-72	241	10	1.723324	1.723324	NUM
afbr-72	241	11	source	source	NOUN
afbr-72	241	12	:	:	PUNCT
afbr-72	241	13	extract	extract	NOUN
afbr-72	241	14	from	from	ADP
afbr-72	241	15	e	e	NOUN
afbr-72	241	16	-	-	NOUN
afbr-72	241	17	view	view	ADJ
afbr-72	241	18	windows	window	VERB
afbr-72	241	19	9.0	9.0	NUM
afbr-72	241	20	variable	variable	ADJ
afbr-72	241	21	notation	notation	NOUN
afbr-72	241	22	effect	effect	NOUN
afbr-72	241	23	earnings	earning	NOUN
afbr-72	241	24	per	per	ADP
afbr-72	241	25	share	share	NOUN
afbr-72	241	26	eps	eps	PROPN
afbr-72	241	27	dependent	dependent	ADJ
afbr-72	241	28	variable	variable	ADJ
afbr-72	241	29	debt	debt	NOUN
afbr-72	241	30	equity	equity	NOUN
afbr-72	241	31	ratio	ratio	NOUN
afbr-72	241	32	der	der	NOUN
afbr-72	241	33	+	+	CCONJ
afbr-72	241	34	equity	equity	NOUN
afbr-72	241	35	value	value	NOUN
afbr-72	241	36	ev	ev	X
afbr-72	242	1	+	+	CCONJ
afbr-72	242	2	prime	prime	ADJ
afbr-72	242	3	equity	equity	NOUN
afbr-72	242	4	,	,	PUNCT
afbr-72	242	5	leveraged	leveraged	ADJ
afbr-72	242	6	structure	structure	NOUN
afbr-72	242	7	and	and	CCONJ
afbr-72	242	8	corporate	corporate	ADJ
afbr-72	242	9	earnings	earning	NOUN
afbr-72	242	10	in	in	ADP
afbr-72	242	11	nigeria	nigeria	PROPN
afbr-72	242	12	:	:	PUNCT
afbr-72	242	13	a	a	DET
afbr-72	242	14	comparative	comparative	ADJ
afbr-72	242	15	analysis	analysis	NOUN
afbr-72	242	16	lucky	lucky	ADJ
afbr-72	242	17	anyike	anyike	ADP
afbr-72	242	18	lucky	lucky	ADJ
afbr-72	242	19	and	and	CCONJ
afbr-72	242	20	akobundu	akobundu	ADJ
afbr-72	242	21	charles	charle	NOUN
afbr-72	242	22	echewodo	echewodo	NOUN
afbr-72	242	23	37	37	NUM
afbr-72	242	24	result	result	NOUN
afbr-72	242	25	from	from	ADP
afbr-72	242	26	the	the	DET
afbr-72	242	27	table	table	NOUN
afbr-72	242	28	above	above	ADV
afbr-72	242	29	,	,	PUNCT
afbr-72	242	30	proved	prove	VERB
afbr-72	242	31	evidence	evidence	NOUN
afbr-72	242	32	on	on	ADP
afbr-72	242	33	the	the	DET
afbr-72	242	34	relationship	relationship	NOUN
afbr-72	242	35	between	between	ADP
afbr-72	242	36	equity	equity	NOUN
afbr-72	242	37	value	value	NOUN
afbr-72	242	38	and	and	CCONJ
afbr-72	242	39	earnings	earning	NOUN
afbr-72	242	40	per	per	ADP
afbr-72	242	41	share	share	NOUN
afbr-72	242	42	of	of	ADP
afbr-72	242	43	commercial	commercial	ADJ
afbr-72	242	44	banks	bank	NOUN
afbr-72	242	45	.	.	PUNCT
afbr-72	243	1	it	it	PRON
afbr-72	243	2	is	be	AUX
afbr-72	243	3	evidence	evidence	NOUN
afbr-72	243	4	that	that	SCONJ
afbr-72	243	5	the	the	DET
afbr-72	243	6	independent	independent	ADJ
afbr-72	243	7	variable	variable	NOUN
afbr-72	243	8	which	which	PRON
afbr-72	243	9	is	be	AUX
afbr-72	243	10	equity	equity	NOUN
afbr-72	243	11	value	value	NOUN
afbr-72	243	12	can	can	AUX
afbr-72	243	13	explain	explain	VERB
afbr-72	243	14	74.2	74.2	NUM
afbr-72	243	15	%	%	NOUN
afbr-72	243	16	and	and	CCONJ
afbr-72	243	17	66.7	66.7	NUM
afbr-72	243	18	%	%	NOUN
afbr-72	243	19	variation	variation	NOUN
afbr-72	243	20	on	on	ADP
afbr-72	243	21	the	the	DET
afbr-72	243	22	dependent	dependent	ADJ
afbr-72	243	23	variable	variable	NOUN
afbr-72	243	24	which	which	PRON
afbr-72	243	25	is	be	AUX
afbr-72	243	26	earnings	earning	NOUN
afbr-72	243	27	per	per	ADP
afbr-72	243	28	share	share	NOUN
afbr-72	243	29	.	.	PUNCT
afbr-72	244	1	the	the	DET
afbr-72	244	2	remaining	remain	VERB
afbr-72	244	3	26.8	26.8	NUM
afbr-72	244	4	%	%	NOUN
afbr-72	244	5	and	and	CCONJ
afbr-72	244	6	34.3	34.3	NUM
afbr-72	244	7	%	%	NOUN
afbr-72	244	8	can	can	AUX
afbr-72	244	9	be	be	AUX
afbr-72	244	10	explained	explain	VERB
afbr-72	244	11	by	by	ADP
afbr-72	244	12	exogenous	exogenous	ADJ
afbr-72	244	13	variables	variable	NOUN
afbr-72	244	14	not	not	PART
afbr-72	244	15	captured	capture	VERB
afbr-72	244	16	in	in	ADP
afbr-72	244	17	the	the	DET
afbr-72	244	18	model	model	NOUN
afbr-72	244	19	.	.	PUNCT
afbr-72	245	1	the	the	DET
afbr-72	245	2	f	f	PROPN
afbr-72	245	3	-	-	PUNCT
afbr-72	245	4	statistics	statistic	NOUN
afbr-72	245	5	and	and	CCONJ
afbr-72	245	6	the	the	DET
afbr-72	245	7	f	f	NOUN
afbr-72	245	8	-	-	PUNCT
afbr-72	245	9	probability	probability	NOUN
afbr-72	245	10	justifies	justify	VERB
afbr-72	245	11	that	that	SCONJ
afbr-72	245	12	the	the	DET
afbr-72	245	13	model	model	NOUN
afbr-72	245	14	is	be	AUX
afbr-72	245	15	significant	significant	ADJ
afbr-72	245	16	as	as	SCONJ
afbr-72	245	17	the	the	DET
afbr-72	245	18	probability	probability	NOUN
afbr-72	245	19	value	value	NOUN
afbr-72	245	20	of	of	ADP
afbr-72	245	21	0.000000	0.000000	NUM
afbr-72	245	22	is	be	AUX
afbr-72	245	23	less	less	ADJ
afbr-72	245	24	than	than	ADP
afbr-72	245	25	the	the	DET
afbr-72	245	26	critical	critical	ADJ
afbr-72	245	27	value	value	NOUN
afbr-72	245	28	of	of	ADP
afbr-72	245	29	0.05	0.05	NUM
afbr-72	245	30	.	.	PUNCT
afbr-72	246	1	however	however	ADV
afbr-72	246	2	,	,	PUNCT
afbr-72	246	3	the	the	DET
afbr-72	246	4	t	t	PROPN
afbr-72	246	5	statistics	statistic	NOUN
afbr-72	246	6	and	and	CCONJ
afbr-72	246	7	probability	probability	NOUN
afbr-72	246	8	prove	prove	VERB
afbr-72	246	9	that	that	SCONJ
afbr-72	246	10	equity	equity	NOUN
afbr-72	246	11	value	value	NOUN
afbr-72	246	12	is	be	AUX
afbr-72	246	13	statistically	statistically	ADV
afbr-72	246	14	not	not	PART
afbr-72	246	15	significant	significant	ADJ
afbr-72	246	16	in	in	ADP
afbr-72	246	17	explain	explain	VERB
afbr-72	246	18	variation	variation	NOUN
afbr-72	246	19	in	in	ADP
afbr-72	246	20	earnings	earning	NOUN
afbr-72	246	21	per	per	ADP
afbr-72	246	22	share	share	NOUN
afbr-72	246	23	.	.	PUNCT
afbr-72	247	1	the	the	DET
afbr-72	247	2	β	β	PROPN
afbr-72	247	3	coefficient	coefficient	NOUN
afbr-72	247	4	indicates	indicate	VERB
afbr-72	247	5	that	that	SCONJ
afbr-72	247	6	number	number	NOUN
afbr-72	247	7	of	of	ADP
afbr-72	247	8	equity	equity	NOUN
afbr-72	247	9	value	value	NOUN
afbr-72	247	10	have	have	VERB
afbr-72	247	11	positive	positive	ADJ
afbr-72	247	12	impact	impact	NOUN
afbr-72	247	13	on	on	ADP
afbr-72	247	14	earnings	earning	NOUN
afbr-72	247	15	per	per	ADP
afbr-72	247	16	share	share	NOUN
afbr-72	247	17	.	.	PUNCT
afbr-72	248	1	table	table	NOUN
afbr-72	248	2	3	3	NUM
afbr-72	248	3	:	:	PUNCT
afbr-72	248	4	testing	test	VERB
afbr-72	248	5	the	the	DET
afbr-72	248	6	significance	significance	NOUN
afbr-72	248	7	of	of	ADP
afbr-72	248	8	the	the	DET
afbr-72	248	9	models	model	NOUN
afbr-72	248	10	:	:	PUNCT
afbr-72	248	11	model	model	PROPN
afbr-72	248	12	ii	ii	PROPN
afbr-72	248	13	test	test	NOUN
afbr-72	248	14	:	:	PUNCT
afbr-72	248	15	redundant	redundant	ADJ
afbr-72	248	16	chi	chi	NOUN
afbr-72	248	17	–	–	PUNCT
afbr-72	248	18	sq	sq	INTJ
afbr-72	248	19	stat	stat	PROPN
afbr-72	248	20	df	df	PROPN
afbr-72	248	21	prob	prob	PROPN
afbr-72	248	22	cross	cross	PROPN
afbr-72	248	23	-	-	NOUN
afbr-72	248	24	section	section	ADJ
afbr-72	248	25	f	f	PROPN
afbr-72	248	26	7.181278	7.181278	NUM
afbr-72	248	27	(	(	PUNCT
afbr-72	248	28	9,38	9,38	NOUN
afbr-72	248	29	)	)	PUNCT
afbr-72	248	30	0.0000	0.0000	NUM
afbr-72	248	31	cross	cross	ADJ
afbr-72	248	32	-	-	ADJ
afbr-72	248	33	section	section	ADJ
afbr-72	248	34	chi	chi	ADJ
afbr-72	248	35	-	-	PUNCT
afbr-72	248	36	square	square	NOUN
afbr-72	248	37	49.677937	49.677937	NUM
afbr-72	248	38	9	9	NUM
afbr-72	248	39	0.0000	0.0000	NUM
afbr-72	248	40	test	test	NOUN
afbr-72	248	41	:	:	PUNCT
afbr-72	248	42	hausman	hausman	PROPN
afbr-72	248	43	chi	chi	PROPN
afbr-72	248	44	–	–	PUNCT
afbr-72	248	45	sq	sq	INTJ
afbr-72	248	46	stat	stat	PROPN
afbr-72	248	47	df	df	PROPN
afbr-72	248	48	prob	prob	PROPN
afbr-72	248	49	cross	cross	PROPN
afbr-72	248	50	-	-	ADJ
afbr-72	248	51	section	section	ADJ
afbr-72	248	52	random	random	ADJ
afbr-72	248	53	0.718309	0.718309	NUM
afbr-72	248	54	2	2	NUM
afbr-72	248	55	0.6983	0.6983	NUM
afbr-72	248	56	source	source	NOUN
afbr-72	248	57	:	:	PUNCT
afbr-72	248	58	extract	extract	NOUN
afbr-72	248	59	from	from	ADP
afbr-72	248	60	e	e	NOUN
afbr-72	248	61	-	-	NOUN
afbr-72	248	62	view	view	NOUN
afbr-72	248	63	windows	window	VERB
afbr-72	248	64	9.0	9.0	NUM
afbr-72	248	65	the	the	DET
afbr-72	248	66	table	table	NOUN
afbr-72	248	67	above	above	ADV
afbr-72	248	68	explains	explain	VERB
afbr-72	248	69	the	the	DET
afbr-72	248	70	validity	validity	NOUN
afbr-72	248	71	of	of	ADP
afbr-72	248	72	the	the	DET
afbr-72	248	73	models	model	NOUN
afbr-72	248	74	based	base	VERB
afbr-72	248	75	on	on	ADP
afbr-72	248	76	decision	decision	NOUN
afbr-72	248	77	making	making	NOUN
afbr-72	248	78	regarding	regard	VERB
afbr-72	248	79	choice	choice	NOUN
afbr-72	248	80	between	between	ADP
afbr-72	248	81	fixed	fix	VERB
afbr-72	248	82	and	and	CCONJ
afbr-72	248	83	random	random	ADJ
afbr-72	248	84	effects	effect	NOUN
afbr-72	248	85	hausman	hausman	PROPN
afbr-72	248	86	test	test	NOUN
afbr-72	248	87	was	be	AUX
afbr-72	248	88	run	run	VERB
afbr-72	248	89	.	.	PUNCT
afbr-72	249	1	the	the	DET
afbr-72	249	2	decision	decision	NOUN
afbr-72	249	3	of	of	ADP
afbr-72	249	4	choice	choice	NOUN
afbr-72	249	5	between	between	ADP
afbr-72	249	6	fixed	fix	VERB
afbr-72	249	7	and	and	CCONJ
afbr-72	249	8	random	random	ADJ
afbr-72	249	9	effect	effect	NOUN
afbr-72	249	10	is	be	AUX
afbr-72	249	11	based	base	VERB
afbr-72	249	12	on	on	ADP
afbr-72	249	13	p	p	NOUN
afbr-72	249	14	-	-	PUNCT
afbr-72	249	15	value	value	NOUN
afbr-72	249	16	of	of	ADP
afbr-72	249	17	hausman	hausman	ADJ
afbr-72	249	18	test	test	NOUN
afbr-72	249	19	.	.	PUNCT
afbr-72	250	1	if	if	SCONJ
afbr-72	250	2	the	the	DET
afbr-72	250	3	p	p	PROPN
afbr-72	250	4	value	value	NOUN
afbr-72	250	5	of	of	ADP
afbr-72	250	6	the	the	DET
afbr-72	250	7	hausman	hausman	ADJ
afbr-72	250	8	test	test	NOUN
afbr-72	250	9	is	be	AUX
afbr-72	250	10	less	less	ADJ
afbr-72	250	11	than	than	ADP
afbr-72	250	12	0.05	0.05	NUM
afbr-72	250	13	,	,	PUNCT
afbr-72	250	14	we	we	PRON
afbr-72	250	15	have	have	VERB
afbr-72	250	16	a	a	DET
afbr-72	250	17	preference	preference	NOUN
afbr-72	250	18	to	to	PART
afbr-72	250	19	use	use	VERB
afbr-72	250	20	a	a	DET
afbr-72	250	21	fixed	fix	VERB
afbr-72	250	22	effects	effect	NOUN
afbr-72	250	23	model	model	NOUN
afbr-72	250	24	.	.	PUNCT
afbr-72	251	1	on	on	ADP
afbr-72	251	2	the	the	DET
afbr-72	251	3	other	other	ADJ
afbr-72	251	4	hand	hand	NOUN
afbr-72	251	5	if	if	SCONJ
afbr-72	251	6	the	the	DET
afbr-72	251	7	p	p	NOUN
afbr-72	251	8	-	-	PUNCT
afbr-72	251	9	value	value	NOUN
afbr-72	251	10	of	of	ADP
afbr-72	251	11	the	the	DET
afbr-72	251	12	hausman	hausman	ADJ
afbr-72	251	13	test	test	NOUN
afbr-72	251	14	is	be	AUX
afbr-72	251	15	more	more	ADJ
afbr-72	251	16	than	than	ADP
afbr-72	251	17	0.05	0.05	NUM
afbr-72	251	18	,	,	PUNCT
afbr-72	251	19	we	we	PRON
afbr-72	251	20	select	select	VERB
afbr-72	251	21	to	to	PART
afbr-72	251	22	use	use	VERB
afbr-72	251	23	fixed	fix	VERB
afbr-72	251	24	effects	effect	NOUN
afbr-72	251	25	.	.	PUNCT
afbr-72	252	1	in	in	ADP
afbr-72	252	2	this	this	DET
afbr-72	252	3	study	study	NOUN
afbr-72	252	4	,	,	PUNCT
afbr-72	252	5	the	the	DET
afbr-72	252	6	p	p	NOUN
afbr-72	252	7	-	-	PUNCT
afbr-72	252	8	value	value	NOUN
afbr-72	252	9	of	of	ADP
afbr-72	252	10	hausman	hausman	ADJ
afbr-72	252	11	test	test	NOUN
afbr-72	252	12	was	be	AUX
afbr-72	252	13	more	more	ADJ
afbr-72	252	14	than	than	ADP
afbr-72	252	15	0.05	0.05	NUM
afbr-72	252	16	so	so	ADV
afbr-72	252	17	fixed	fixed	ADJ
afbr-72	252	18	effects	effect	NOUN
afbr-72	252	19	are	be	AUX
afbr-72	252	20	used	use	VERB
afbr-72	252	21	.	.	PUNCT
afbr-72	253	1	for	for	ADP
afbr-72	253	2	comparison	comparison	NOUN
afbr-72	253	3	purpose	purpose	NOUN
afbr-72	253	4	pooled	pool	VERB
afbr-72	253	5	regression	regression	NOUN
afbr-72	253	6	results	result	NOUN
afbr-72	253	7	are	be	AUX
afbr-72	253	8	also	also	ADV
afbr-72	253	9	given	give	VERB
afbr-72	253	10	.	.	PUNCT
afbr-72	254	1	value	value	NOUN
afbr-72	254	2	may	may	AUX
afbr-72	254	3	be	be	AUX
afbr-72	254	4	shown	show	VERB
afbr-72	254	5	as	as	ADP
afbr-72	254	6	f	f	NOUN
afbr-72	254	7	-	-	PUNCT
afbr-72	254	8	value	value	NOUN
afbr-72	254	9	.	.	PUNCT
afbr-72	255	1	“	"	PUNCT
afbr-72	255	2	f	f	X
afbr-72	255	3	”	"	PUNCT
afbr-72	255	4	value	value	NOUN
afbr-72	255	5	of	of	ADP
afbr-72	255	6	the	the	DET
afbr-72	255	7	table	table	NOUN
afbr-72	255	8	signifies	signify	VERB
afbr-72	255	9	whether	whether	SCONJ
afbr-72	255	10	the	the	DET
afbr-72	255	11	overall	overall	ADJ
afbr-72	255	12	model	model	NOUN
afbr-72	255	13	is	be	AUX
afbr-72	255	14	statistically	statistically	ADV
afbr-72	255	15	significant	significant	ADJ
afbr-72	255	16	or	or	CCONJ
afbr-72	255	17	not	not	PART
afbr-72	255	18	.	.	PUNCT
afbr-72	256	1	the	the	PRON
afbr-72	256	2	more	more	ADJ
afbr-72	256	3	the	the	DET
afbr-72	256	4	f	f	PROPN
afbr-72	256	5	value	value	NOUN
afbr-72	256	6	or	or	CCONJ
afbr-72	256	7	wald	wald	PROPN
afbr-72	256	8	chi	chi	PROPN
afbr-72	256	9	square	square	PROPN
afbr-72	256	10	test	test	NOUN
afbr-72	256	11	value	value	NOUN
afbr-72	256	12	the	the	PRON
afbr-72	256	13	more	more	ADV
afbr-72	256	14	the	the	DET
afbr-72	256	15	model	model	NOUN
afbr-72	256	16	is	be	AUX
afbr-72	256	17	considered	consider	VERB
afbr-72	256	18	not	not	PART
afbr-72	256	19	significant	significant	ADJ
afbr-72	256	20	.	.	PUNCT
afbr-72	257	1	from	from	ADP
afbr-72	257	2	the	the	DET
afbr-72	257	3	above	above	NOUN
afbr-72	257	4	,	,	PUNCT
afbr-72	257	5	the	the	DET
afbr-72	257	6	study	study	NOUN
afbr-72	257	7	adopts	adopt	VERB
afbr-72	257	8	the	the	DET
afbr-72	257	9	fixed	fix	VERB
afbr-72	257	10	effect	effect	NOUN
afbr-72	257	11	model	model	NOUN
afbr-72	257	12	for	for	ADP
afbr-72	257	13	the	the	DET
afbr-72	257	14	three	three	NUM
afbr-72	257	15	models	model	NOUN
afbr-72	257	16	above	above	ADV
afbr-72	257	17	.	.	PUNCT
afbr-72	258	1	table	table	NOUN
afbr-72	258	2	4	4	NUM
afbr-72	258	3	:	:	PUNCT
afbr-72	258	4	debt	debt	NOUN
afbr-72	258	5	equity	equity	NOUN
afbr-72	258	6	ratio	ratio	NOUN
afbr-72	258	7	and	and	CCONJ
afbr-72	258	8	earnings	earning	NOUN
afbr-72	258	9	per	per	ADP
afbr-72	258	10	share	share	NOUN
afbr-72	258	11	of	of	ADP
afbr-72	258	12	deposit	deposit	NOUN
afbr-72	258	13	money	money	NOUN
afbr-72	258	14	banks	bank	NOUN
afbr-72	258	15	pooled	pool	VERB
afbr-72	258	16	effect	effect	NOUN
afbr-72	258	17	fixed	fix	VERB
afbr-72	258	18	effect	effect	NOUN
afbr-72	258	19	random	random	ADJ
afbr-72	258	20	effect	effect	NOUN
afbr-72	258	21	variable	variable	ADJ
afbr-72	258	22	coefficient	coefficient	NOUN
afbr-72	258	23	t	t	NOUN
afbr-72	258	24	-	-	PUNCT
afbr-72	258	25	stat	stat	NOUN
afbr-72	258	26	p	p	NOUN
afbr-72	258	27	-	-	PUNCT
afbr-72	258	28	value	value	NOUN
afbr-72	258	29	coefficient	coefficient	NOUN
afbr-72	258	30	t	t	NOUN
afbr-72	258	31	-	-	PUNCT
afbr-72	258	32	stat	stat	NOUN
afbr-72	258	33	p	p	NOUN
afbr-72	258	34	-	-	PUNCT
afbr-72	258	35	value	value	NOUN
afbr-72	258	36	coefficient	coefficient	NOUN
afbr-72	258	37	t	t	NOUN
afbr-72	258	38	-	-	PUNCT
afbr-72	258	39	stat	stat	NOUN
afbr-72	258	40	p	p	NOUN
afbr-72	258	41	-	-	PUNCT
afbr-72	258	42	value	value	NOUN
afbr-72	258	43	der	der	NOUN
afbr-72	258	44	0.004785	0.004785	NUM
afbr-72	258	45	1.811650	1.811650	NUM
afbr-72	258	46	0.0764	0.0764	NUM
afbr-72	258	47	0.003873	0.003873	NUM
afbr-72	258	48	0.473331	0.473331	NUM
afbr-72	258	49	0.6387	0.6387	NUM
afbr-72	258	50	0.005289	0.005289	NUM
afbr-72	258	51	1.230725	1.230725	NUM
afbr-72	258	52	0.2245	0.2245	NUM
afbr-72	258	53	β0	β0	PROPN
afbr-72	258	54	15.99420	15.99420	NUM
afbr-72	258	55	3.964834	3.964834	NUM
afbr-72	258	56	0.0002	0.0002	NUM
afbr-72	258	57	20.74188	20.74188	NUM
afbr-72	258	58	1.471534	1.471534	NUM
afbr-72	258	59	0.1494	0.1494	NUM
afbr-72	258	60	16.55345	16.55345	NUM
afbr-72	258	61	2.152492	2.152492	NUM
afbr-72	258	62	0.0365	0.0365	NUM
afbr-72	258	63	r	r	NOUN
afbr-72	258	64	-	-	PUNCT
afbr-72	258	65	squared	square	VERB
afbr-72	258	66	0.161578	0.161578	NUM
afbr-72	258	67	0.689569	0.689569	NUM
afbr-72	258	68	0.045787	0.045787	NUM
afbr-72	258	69	adj	adj	NOUN
afbr-72	258	70	r	r	NOUN
afbr-72	258	71	2	2	NUM
afbr-72	258	72	0.125901	0.125901	NUM
afbr-72	258	73	0.599707	0.599707	NUM
afbr-72	258	74	0.005183	0.005183	NUM
afbr-72	259	1	f	f	X
afbr-72	259	2	-	-	PUNCT
afbr-72	259	3	statistic	statistic	NOUN
afbr-72	259	4	4.528854	4.528854	NUM
afbr-72	259	5	7.673669	7.673669	NUM
afbr-72	259	6	1.127636	1.127636	NUM
afbr-72	259	7	f	f	NOUN
afbr-72	259	8	-	-	NOUN
afbr-72	259	9	prob	prob	ADJ
afbr-72	259	10	0.015899	0.015899	NUM
afbr-72	259	11	0.000001	0.000001	NUM
afbr-72	259	12	0.332400	0.332400	NUM
afbr-72	259	13	dw	dw	NOUN
afbr-72	259	14	0.826584	0.826584	NUM
afbr-72	259	15	1.309553	1.309553	NUM
afbr-72	259	16	1.227520	1.227520	NUM
afbr-72	259	17	source	source	NOUN
afbr-72	259	18	:	:	PUNCT
afbr-72	259	19	extract	extract	NOUN
afbr-72	259	20	from	from	ADP
afbr-72	259	21	e	e	NOUN
afbr-72	259	22	-	-	NOUN
afbr-72	259	23	view	view	ADJ
afbr-72	259	24	windows	window	NOUN
afbr-72	259	25	9.0	9.0	NUM
afbr-72	259	26	adopting	adopt	VERB
afbr-72	259	27	the	the	DET
afbr-72	259	28	fixed	fixed	ADJ
afbr-72	259	29	effect	effect	NOUN
afbr-72	259	30	model	model	NOUN
afbr-72	259	31	as	as	SCONJ
afbr-72	259	32	validated	validate	VERB
afbr-72	259	33	by	by	ADP
afbr-72	259	34	the	the	DET
afbr-72	259	35	hausman	hausman	PROPN
afbr-72	259	36	test	test	NOUN
afbr-72	259	37	,	,	PUNCT
afbr-72	259	38	we	we	PRON
afbr-72	259	39	interpret	interpret	VERB
afbr-72	259	40	the	the	DET
afbr-72	259	41	relationship	relationship	NOUN
afbr-72	259	42	between	between	ADP
afbr-72	259	43	the	the	DET
afbr-72	259	44	dependent	dependent	ADJ
afbr-72	259	45	and	and	CCONJ
afbr-72	259	46	the	the	DET
afbr-72	259	47	independent	independent	ADJ
afbr-72	259	48	variables	variable	NOUN
afbr-72	259	49	.	.	PUNCT
afbr-72	260	1	the	the	DET
afbr-72	260	2	effect	effect	NOUN
afbr-72	260	3	of	of	ADP
afbr-72	260	4	debt	debt	NOUN
afbr-72	260	5	equity	equity	NOUN
afbr-72	260	6	ratio	ratio	NOUN
afbr-72	260	7	on	on	ADP
afbr-72	260	8	earnings	earning	NOUN
afbr-72	260	9	per	per	ADP
afbr-72	260	10	share	share	NOUN
afbr-72	260	11	of	of	ADP
afbr-72	260	12	deposit	deposit	NOUN
afbr-72	260	13	money	money	NOUN
afbr-72	260	14	banks	bank	NOUN
afbr-72	260	15	proves	prove	VERB
afbr-72	260	16	that	that	SCONJ
afbr-72	260	17	the	the	DET
afbr-72	260	18	independent	independent	ADJ
afbr-72	260	19	variable	variable	NOUN
afbr-72	260	20	can	can	AUX
afbr-72	260	21	explain	explain	VERB
afbr-72	260	22	68.9	68.9	NUM
afbr-72	260	23	%	%	NOUN
afbr-72	260	24	and	and	CCONJ
afbr-72	260	25	59.9	59.9	NUM
afbr-72	260	26	%	%	NOUN
afbr-72	260	27	variation	variation	NOUN
afbr-72	260	28	.	.	PUNCT
afbr-72	261	1	this	this	PRON
afbr-72	261	2	is	be	AUX
afbr-72	261	3	justified	justify	VERB
afbr-72	261	4	by	by	ADP
afbr-72	261	5	the	the	DET
afbr-72	261	6	significance	significance	NOUN
afbr-72	261	7	of	of	ADP
afbr-72	261	8	the	the	DET
afbr-72	261	9	f	f	PROPN
afbr-72	261	10	-	-	PUNCT
afbr-72	261	11	statistics	statistic	NOUN
afbr-72	261	12	and	and	CCONJ
afbr-72	261	13	the	the	DET
afbr-72	261	14	f	f	NOUN
afbr-72	261	15	-	-	PUNCT
afbr-72	261	16	probability	probability	NOUN
afbr-72	261	17	as	as	SCONJ
afbr-72	261	18	it	it	PRON
afbr-72	261	19	proves	prove	VERB
afbr-72	261	20	that	that	SCONJ
afbr-72	261	21	the	the	DET
afbr-72	261	22	model	model	NOUN
afbr-72	261	23	is	be	AUX
afbr-72	261	24	significant	significant	ADJ
afbr-72	261	25	.	.	PUNCT
afbr-72	262	1	the	the	DET
afbr-72	262	2	t	t	PROPN
afbr-72	262	3	-	-	PUNCT
afbr-72	262	4	statistics	statistic	NOUN
afbr-72	262	5	and	and	CCONJ
afbr-72	262	6	the	the	DET
afbr-72	262	7	probability	probability	NOUN
afbr-72	262	8	prove	prove	VERB
afbr-72	262	9	that	that	SCONJ
afbr-72	262	10	the	the	DET
afbr-72	262	11	variable	variable	NOUN
afbr-72	262	12	is	be	AUX
afbr-72	262	13	statistically	statistically	ADV
afbr-72	262	14	not	not	PART
afbr-72	262	15	significant	significant	ADJ
afbr-72	262	16	which	which	PRON
afbr-72	262	17	implies	imply	VERB
afbr-72	262	18	that	that	SCONJ
afbr-72	262	19	variation	variation	NOUN
afbr-72	262	20	on	on	ADP
afbr-72	262	21	the	the	DET
afbr-72	262	22	independent	independent	ADJ
afbr-72	262	23	variable	variable	NOUN
afbr-72	262	24	have	have	VERB
afbr-72	262	25	no	no	DET
afbr-72	262	26	significant	significant	ADJ
afbr-72	262	27	impact	impact	NOUN
afbr-72	262	28	on	on	ADP
afbr-72	262	29	the	the	DET
afbr-72	262	30	dependent	dependent	ADJ
afbr-72	262	31	variable	variable	NOUN
afbr-72	262	32	.	.	PUNCT
afbr-72	263	1	the	the	DET
afbr-72	263	2	β	β	PROPN
afbr-72	263	3	coefficient	coefficient	NOUN
afbr-72	263	4	proves	prove	VERB
afbr-72	263	5	that	that	SCONJ
afbr-72	263	6	debt	debt	NOUN
afbr-72	263	7	equity	equity	NOUN
afbr-72	263	8	ratio	ratio	NOUN
afbr-72	263	9	have	have	VERB
afbr-72	263	10	positive	positive	ADJ
afbr-72	263	11	impact	impact	NOUN
afbr-72	263	12	on	on	ADP
afbr-72	263	13	the	the	DET
afbr-72	263	14	dependent	dependent	ADJ
afbr-72	263	15	variable	variable	NOUN
afbr-72	263	16	which	which	PRON
afbr-72	263	17	is	be	AUX
afbr-72	263	18	earnings	earning	NOUN
afbr-72	263	19	per	per	ADP
afbr-72	263	20	share	share	NOUN
afbr-72	263	21	of	of	ADP
afbr-72	263	22	the	the	DET
afbr-72	263	23	quoted	quote	VERB
afbr-72	263	24	deposit	deposit	NOUN
afbr-72	263	25	money	money	NOUN
afbr-72	263	26	banks	bank	NOUN
afbr-72	263	27	.	.	PUNCT
afbr-72	264	1	the	the	DET
afbr-72	264	2	durbin	durbin	PROPN
afbr-72	264	3	watson	watson	PROPN
afbr-72	264	4	statistics	statistic	NOUN
afbr-72	264	5	of	of	ADP
afbr-72	264	6	1.309553	1.309553	NUM
afbr-72	264	7	is	be	AUX
afbr-72	264	8	less	less	ADJ
afbr-72	264	9	that	that	SCONJ
afbr-72	264	10	1.50	1.50	NUM
afbr-72	264	11	but	but	CCONJ
afbr-72	264	12	greater	great	ADJ
afbr-72	264	13	than	than	ADP
afbr-72	264	14	1.00	1.00	NUM
afbr-72	264	15	,	,	PUNCT
afbr-72	264	16	this	this	PRON
afbr-72	264	17	proves	prove	VERB
afbr-72	264	18	that	that	SCONJ
afbr-72	264	19	there	there	PRON
afbr-72	264	20	is	be	VERB
afbr-72	264	21	absence	absence	NOUN
afbr-72	264	22	of	of	ADP
afbr-72	264	23	serial	serial	ADJ
afbr-72	264	24	auto	auto	NOUN
afbr-72	264	25	correlation	correlation	NOUN
afbr-72	264	26	among	among	ADP
afbr-72	264	27	the	the	DET
afbr-72	264	28	variables	variable	NOUN
afbr-72	264	29	within	within	ADP
afbr-72	264	30	the	the	DET
afbr-72	264	31	time	time	NOUN
afbr-72	264	32	series	series	NOUN
afbr-72	264	33	.	.	PUNCT
afbr-72	265	1	prime	prime	PROPN
afbr-72	265	2	equity	equity	PROPN
afbr-72	265	3	,	,	PUNCT
afbr-72	265	4	leveraged	leveraged	ADJ
afbr-72	265	5	structure	structure	NOUN
afbr-72	265	6	and	and	CCONJ
afbr-72	265	7	corporate	corporate	ADJ
afbr-72	265	8	earnings	earning	NOUN
afbr-72	265	9	in	in	ADP
afbr-72	265	10	nigeria	nigeria	PROPN
afbr-72	265	11	:	:	PUNCT
afbr-72	265	12	a	a	DET
afbr-72	265	13	comparative	comparative	ADJ
afbr-72	265	14	analysis	analysis	NOUN
afbr-72	265	15	lucky	lucky	ADJ
afbr-72	265	16	anyike	anyike	ADP
afbr-72	265	17	lucky	lucky	ADJ
afbr-72	265	18	and	and	CCONJ
afbr-72	265	19	akobundu	akobundu	ADJ
afbr-72	265	20	charles	charle	NOUN
afbr-72	265	21	echewodo	echewodo	NOUN
afbr-72	265	22	38	38	NUM
afbr-72	265	23	5	5	NUM
afbr-72	265	24	.	.	PUNCT
afbr-72	265	25	findings	finding	NOUN
afbr-72	265	26	of	of	ADP
afbr-72	265	27	the	the	DET
afbr-72	265	28	research	research	NOUN
afbr-72	265	29	findings	finding	NOUN
afbr-72	265	30	from	from	ADP
afbr-72	265	31	the	the	DET
afbr-72	265	32	panel	panel	NOUN
afbr-72	265	33	data	datum	NOUN
afbr-72	265	34	result	result	NOUN
afbr-72	265	35	shows	show	VERB
afbr-72	265	36	that	that	SCONJ
afbr-72	265	37	equity	equity	NOUN
afbr-72	265	38	value	value	NOUN
afbr-72	265	39	and	and	CCONJ
afbr-72	265	40	debt	debt	NOUN
afbr-72	265	41	equity	equity	NOUN
afbr-72	265	42	ratio	ratio	NOUN
afbr-72	265	43	of	of	ADP
afbr-72	265	44	the	the	DET
afbr-72	265	45	quoted	quote	VERB
afbr-72	265	46	deposit	deposit	NOUN
afbr-72	265	47	money	money	NOUN
afbr-72	265	48	banks	bank	NOUN
afbr-72	265	49	have	have	VERB
afbr-72	265	50	positive	positive	ADJ
afbr-72	265	51	relationship	relationship	NOUN
afbr-72	265	52	with	with	ADP
afbr-72	265	53	earnings	earning	NOUN
afbr-72	265	54	per	per	ADP
afbr-72	265	55	share	share	NOUN
afbr-72	265	56	.	.	PUNCT
afbr-72	266	1	this	this	DET
afbr-72	266	2	finding	finding	NOUN
afbr-72	266	3	confirms	confirm	VERB
afbr-72	266	4	the	the	DET
afbr-72	266	5	a	a	PRON
afbr-72	266	6	-	-	PUNCT
afbr-72	266	7	priori	priori	ADJ
afbr-72	266	8	expectation	expectation	NOUN
afbr-72	266	9	of	of	ADP
afbr-72	266	10	the	the	DET
afbr-72	266	11	results	result	NOUN
afbr-72	266	12	and	and	CCONJ
afbr-72	266	13	validates	validate	VERB
afbr-72	266	14	the	the	DET
afbr-72	266	15	relevance	relevance	NOUN
afbr-72	266	16	theory	theory	NOUN
afbr-72	266	17	of	of	ADP
afbr-72	266	18	gordon	gordon	PROPN
afbr-72	266	19	against	against	ADP
afbr-72	266	20	the	the	DET
afbr-72	266	21	irrelevance	irrelevance	NOUN
afbr-72	266	22	theory	theory	NOUN
afbr-72	266	23	of	of	ADP
afbr-72	266	24	miller	miller	PROPN
afbr-72	266	25	and	and	CCONJ
afbr-72	266	26	modigliani	modigliani	PROPN
afbr-72	266	27	.	.	PUNCT
afbr-72	267	1	the	the	DET
afbr-72	267	2	findings	finding	NOUN
afbr-72	267	3	confirm	confirm	VERB
afbr-72	267	4	the	the	DET
afbr-72	267	5	empirical	empirical	ADJ
afbr-72	267	6	findings	finding	NOUN
afbr-72	267	7	of	of	ADP
afbr-72	267	8	anyamaobi	anyamaobi	NOUN
afbr-72	267	9	and	and	CCONJ
afbr-72	267	10	lucky	lucky	ADJ
afbr-72	267	11	(	(	PUNCT
afbr-72	267	12	2017	2017	NUM
afbr-72	267	13	)	)	PUNCT
afbr-72	267	14	that	that	SCONJ
afbr-72	267	15	debt	debt	NOUN
afbr-72	267	16	equity	equity	NOUN
afbr-72	267	17	ratio	ratio	NOUN
afbr-72	267	18	,	,	PUNCT
afbr-72	267	19	retention	retention	NOUN
afbr-72	267	20	ratio	ratio	NOUN
afbr-72	267	21	,	,	PUNCT
afbr-72	267	22	management	management	NOUN
afbr-72	267	23	efficiency	efficiency	NOUN
afbr-72	267	24	and	and	CCONJ
afbr-72	267	25	cost	cost	NOUN
afbr-72	267	26	of	of	ADP
afbr-72	267	27	capital	capital	NOUN
afbr-72	267	28	have	have	VERB
afbr-72	267	29	positive	positive	ADJ
afbr-72	267	30	effect	effect	NOUN
afbr-72	267	31	on	on	ADP
afbr-72	267	32	the	the	DET
afbr-72	267	33	market	market	NOUN
afbr-72	267	34	value	value	NOUN
afbr-72	267	35	of	of	ADP
afbr-72	267	36	the	the	DET
afbr-72	267	37	quoted	quote	VERB
afbr-72	267	38	manufacturing	manufacturing	NOUN
afbr-72	267	39	firms	firm	NOUN
afbr-72	267	40	,	,	PUNCT
afbr-72	267	41	akani	akani	NOUN
afbr-72	267	42	and	and	CCONJ
afbr-72	267	43	lucky	lucky	ADJ
afbr-72	267	44	(	(	PUNCT
afbr-72	267	45	2016	2016	NUM
afbr-72	267	46	)	)	PUNCT
afbr-72	267	47	equity	equity	NOUN
afbr-72	267	48	capital	capital	NOUN
afbr-72	267	49	have	have	VERB
afbr-72	267	50	positive	positive	ADJ
afbr-72	267	51	relationship	relationship	NOUN
afbr-72	267	52	with	with	ADP
afbr-72	267	53	the	the	DET
afbr-72	267	54	return	return	NOUN
afbr-72	267	55	on	on	ADP
afbr-72	267	56	investment	investment	NOUN
afbr-72	267	57	and	and	CCONJ
afbr-72	267	58	the	the	DET
afbr-72	267	59	findings	finding	NOUN
afbr-72	267	60	of	of	ADP
afbr-72	267	61	rehman	rehman	PROPN
afbr-72	267	62	(	(	PUNCT
afbr-72	267	63	2013	2013	NUM
afbr-72	267	64	)	)	PUNCT
afbr-72	267	65	that	that	SCONJ
afbr-72	267	66	financial	financial	ADJ
afbr-72	267	67	leverage	leverage	NOUN
afbr-72	267	68	has	have	VERB
afbr-72	267	69	a	a	DET
afbr-72	267	70	positive	positive	ADJ
afbr-72	267	71	relationship	relationship	NOUN
afbr-72	267	72	with	with	ADP
afbr-72	267	73	roa	roa	NOUN
afbr-72	267	74	and	and	CCONJ
afbr-72	267	75	sales	sale	NOUN
afbr-72	267	76	growth	growth	NOUN
afbr-72	267	77	,	,	PUNCT
afbr-72	267	78	and	and	CCONJ
afbr-72	267	79	negative	negative	ADJ
afbr-72	267	80	relationship	relationship	NOUN
afbr-72	267	81	with	with	ADP
afbr-72	267	82	eps	eps	PROPN
afbr-72	267	83	,	,	PUNCT
afbr-72	267	84	npm	npm	PROPN
afbr-72	267	85	and	and	CCONJ
afbr-72	267	86	roe	roe	NOUN
afbr-72	267	87	.	.	PUNCT
afbr-72	268	1	in	in	ADP
afbr-72	268	2	comparing	compare	VERB
afbr-72	268	3	the	the	DET
afbr-72	268	4	effect	effect	NOUN
afbr-72	268	5	on	on	ADP
afbr-72	268	6	the	the	DET
afbr-72	268	7	variables	variable	NOUN
afbr-72	268	8	,	,	PUNCT
afbr-72	268	9	equity	equity	NOUN
afbr-72	268	10	value	value	NOUN
afbr-72	268	11	can	can	AUX
afbr-72	268	12	explain	explain	VERB
afbr-72	268	13	74.2	74.2	NUM
afbr-72	268	14	%	%	NOUN
afbr-72	268	15	and	and	CCONJ
afbr-72	268	16	66.7	66.7	NUM
afbr-72	268	17	%	%	NOUN
afbr-72	268	18	variation	variation	NOUN
afbr-72	268	19	on	on	ADP
afbr-72	268	20	the	the	DET
afbr-72	268	21	dependent	dependent	ADJ
afbr-72	268	22	variable	variable	NOUN
afbr-72	268	23	which	which	PRON
afbr-72	268	24	is	be	AUX
afbr-72	268	25	earnings	earning	NOUN
afbr-72	268	26	per	per	ADP
afbr-72	268	27	share	share	NOUN
afbr-72	268	28	while	while	SCONJ
afbr-72	268	29	debt	debt	NOUN
afbr-72	268	30	equity	equity	NOUN
afbr-72	268	31	ratio	ratio	NOUN
afbr-72	268	32	explains	explain	VERB
afbr-72	268	33	68.9	68.9	NUM
afbr-72	268	34	%	%	NOUN
afbr-72	268	35	and	and	CCONJ
afbr-72	268	36	59.9	59.9	NUM
afbr-72	268	37	%	%	NOUN
afbr-72	268	38	variation	variation	NOUN
afbr-72	268	39	.	.	PUNCT
afbr-72	269	1	from	from	ADP
afbr-72	269	2	the	the	DET
afbr-72	269	3	above	above	ADV
afbr-72	269	4	we	we	PRON
afbr-72	269	5	conclude	conclude	VERB
afbr-72	269	6	that	that	PRON
afbr-72	269	7	have	have	VERB
afbr-72	269	8	more	more	ADJ
afbr-72	269	9	effect	effect	NOUN
afbr-72	269	10	on	on	ADP
afbr-72	269	11	earnings	earning	NOUN
afbr-72	269	12	per	per	ADP
afbr-72	269	13	share	share	NOUN
afbr-72	269	14	of	of	ADP
afbr-72	269	15	the	the	DET
afbr-72	269	16	quoted	quote	VERB
afbr-72	269	17	deposit	deposit	NOUN
afbr-72	269	18	money	money	NOUN
afbr-72	269	19	banks	bank	NOUN
afbr-72	269	20	.	.	PUNCT
afbr-72	270	1	6	6	NUM
afbr-72	270	2	.	.	X
afbr-72	270	3	conclusion	conclusion	NOUN
afbr-72	270	4	and	and	CCONJ
afbr-72	270	5	recommendation	recommendation	NOUN
afbr-72	270	6	this	this	DET
afbr-72	270	7	study	study	NOUN
afbr-72	270	8	intends	intend	VERB
afbr-72	270	9	to	to	PART
afbr-72	270	10	examine	examine	VERB
afbr-72	270	11	the	the	DET
afbr-72	270	12	relationship	relationship	NOUN
afbr-72	270	13	between	between	ADP
afbr-72	270	14	equity	equity	NOUN
afbr-72	270	15	value	value	NOUN
afbr-72	270	16	,	,	PUNCT
afbr-72	270	17	debt	debt	NOUN
afbr-72	270	18	equity	equity	NOUN
afbr-72	270	19	ratio	ratio	NOUN
afbr-72	270	20	and	and	CCONJ
afbr-72	270	21	earnings	earning	NOUN
afbr-72	270	22	per	per	ADP
afbr-72	270	23	share	share	NOUN
afbr-72	270	24	of	of	ADP
afbr-72	270	25	quoted	quote	VERB
afbr-72	270	26	deposit	deposit	NOUN
afbr-72	270	27	money	money	NOUN
afbr-72	270	28	banks	bank	NOUN
afbr-72	270	29	in	in	ADP
afbr-72	270	30	nigeria	nigeria	PROPN
afbr-72	270	31	.	.	PUNCT
afbr-72	271	1	the	the	DET
afbr-72	271	2	study	study	NOUN
afbr-72	271	3	found	find	VERB
afbr-72	271	4	that	that	SCONJ
afbr-72	271	5	74.2	74.2	NUM
afbr-72	271	6	%	%	NOUN
afbr-72	271	7	and	and	CCONJ
afbr-72	271	8	66.7	66.7	NUM
afbr-72	271	9	%	%	NOUN
afbr-72	271	10	variation	variation	NOUN
afbr-72	271	11	on	on	ADP
afbr-72	271	12	earnings	earning	NOUN
afbr-72	271	13	per	per	ADP
afbr-72	271	14	share	share	NOUN
afbr-72	271	15	can	can	AUX
afbr-72	271	16	be	be	AUX
afbr-72	271	17	traced	trace	VERB
afbr-72	271	18	to	to	ADP
afbr-72	271	19	equity	equity	NOUN
afbr-72	271	20	value	value	NOUN
afbr-72	271	21	.	.	PUNCT
afbr-72	272	1	the	the	DET
afbr-72	272	2	β	β	PROPN
afbr-72	272	3	coefficient	coefficient	NOUN
afbr-72	272	4	indicates	indicate	VERB
afbr-72	272	5	that	that	SCONJ
afbr-72	272	6	of	of	ADP
afbr-72	272	7	equity	equity	NOUN
afbr-72	272	8	value	value	NOUN
afbr-72	272	9	has	have	VERB
afbr-72	272	10	positive	positive	ADJ
afbr-72	272	11	impact	impact	NOUN
afbr-72	272	12	on	on	ADP
afbr-72	272	13	earnings	earning	NOUN
afbr-72	272	14	per	per	ADP
afbr-72	272	15	share	share	NOUN
afbr-72	272	16	,	,	PUNCT
afbr-72	272	17	while	while	SCONJ
afbr-72	272	18	debt	debt	NOUN
afbr-72	272	19	equity	equity	NOUN
afbr-72	272	20	ratio	ratio	NOUN
afbr-72	272	21	on	on	ADP
afbr-72	272	22	of	of	ADP
afbr-72	272	23	deposit	deposit	NOUN
afbr-72	272	24	money	money	NOUN
afbr-72	272	25	banks	bank	NOUN
afbr-72	272	26	can	can	AUX
afbr-72	272	27	explain	explain	VERB
afbr-72	272	28	68.9	68.9	NUM
afbr-72	272	29	%	%	NOUN
afbr-72	272	30	and	and	CCONJ
afbr-72	272	31	59.9	59.9	NUM
afbr-72	272	32	%	%	NOUN
afbr-72	272	33	variation	variation	NOUN
afbr-72	272	34	.	.	PUNCT
afbr-72	273	1	the	the	DET
afbr-72	273	2	β	β	PROPN
afbr-72	273	3	coefficient	coefficient	NOUN
afbr-72	273	4	proves	prove	VERB
afbr-72	273	5	that	that	SCONJ
afbr-72	273	6	debt	debt	NOUN
afbr-72	273	7	equity	equity	NOUN
afbr-72	273	8	ratio	ratio	NOUN
afbr-72	273	9	have	have	VERB
afbr-72	273	10	positive	positive	ADJ
afbr-72	273	11	impact	impact	NOUN
afbr-72	273	12	on	on	ADP
afbr-72	273	13	earnings	earning	NOUN
afbr-72	273	14	per	per	ADP
afbr-72	273	15	share	share	NOUN
afbr-72	273	16	of	of	ADP
afbr-72	273	17	the	the	DET
afbr-72	273	18	quoted	quote	VERB
afbr-72	273	19	deposit	deposit	NOUN
afbr-72	273	20	money	money	NOUN
afbr-72	273	21	banks	bank	NOUN
afbr-72	273	22	.	.	PUNCT
afbr-72	274	1	from	from	ADP
afbr-72	274	2	the	the	DET
afbr-72	274	3	above	above	ADJ
afbr-72	274	4	results	result	NOUN
afbr-72	274	5	we	we	PRON
afbr-72	274	6	conclude	conclude	VERB
afbr-72	274	7	that	that	SCONJ
afbr-72	274	8	equity	equity	NOUN
afbr-72	274	9	value	value	NOUN
afbr-72	274	10	have	have	VERB
afbr-72	274	11	greater	great	ADJ
afbr-72	274	12	impact	impact	NOUN
afbr-72	274	13	on	on	ADP
afbr-72	274	14	earnings	earning	NOUN
afbr-72	274	15	per	per	ADP
afbr-72	274	16	share	share	NOUN
afbr-72	274	17	than	than	ADP
afbr-72	274	18	debt	debt	NOUN
afbr-72	274	19	equity	equity	NOUN
afbr-72	274	20	ratio	ratio	NOUN
afbr-72	274	21	.	.	PUNCT
afbr-72	275	1	we	we	PRON
afbr-72	275	2	recommend	recommend	VERB
afbr-72	275	3	that	that	SCONJ
afbr-72	275	4	management	management	NOUN
afbr-72	275	5	should	should	AUX
afbr-72	275	6	ensure	ensure	VERB
afbr-72	275	7	optimal	optimal	ADJ
afbr-72	275	8	capital	capital	NOUN
afbr-72	275	9	structure	structure	NOUN
afbr-72	275	10	of	of	ADP
afbr-72	275	11	the	the	DET
afbr-72	275	12	quoted	quote	VERB
afbr-72	275	13	deposit	deposit	NOUN
afbr-72	275	14	money	money	NOUN
afbr-72	275	15	banks	bank	NOUN
afbr-72	275	16	.	.	PUNCT
afbr-72	276	1	rerferences	rerference	NOUN
afbr-72	276	2	.	.	PUNCT
afbr-72	277	1	anyamaobi	anyamaobi	PROPN
afbr-72	277	2	,	,	PUNCT
afbr-72	277	3	c.	c.	PROPN
afbr-72	277	4	,	,	PUNCT
afbr-72	277	5	&	&	CCONJ
afbr-72	277	6	lucky	lucky	ADJ
afbr-72	277	7	,	,	PUNCT
afbr-72	277	8	a.	a.	PROPN
afbr-72	277	9	l.	l.	PROPN
afbr-72	277	10	,	,	PUNCT
afbr-72	277	11	(	(	PUNCT
afbr-72	277	12	2017	2017	NUM
afbr-72	277	13	)	)	PUNCT
afbr-72	277	14	.	.	PUNCT
afbr-72	278	1	corporate	corporate	ADJ
afbr-72	278	2	characteristics	characteristic	NOUN
afbr-72	278	3	and	and	CCONJ
afbr-72	278	4	value	value	NOUN
afbr-72	278	5	creation	creation	NOUN
afbr-72	278	6	:	:	PUNCT
afbr-72	278	7	a	a	DET
afbr-72	278	8	panel	panel	NOUN
afbr-72	278	9	data	data	VERB
afbr-72	278	10	evidence	evidence	NOUN
afbr-72	278	11	of	of	ADP
afbr-72	278	12	nigeria	nigeria	PROPN
afbr-72	278	13	quoted	quote	VERB
afbr-72	278	14	manufacturing	manufacturing	NOUN
afbr-72	278	15	firms	firm	NOUN
afbr-72	278	16	.	.	PUNCT
afbr-72	279	1	world	world	PROPN
afbr-72	279	2	journal	journal	PROPN
afbr-72	279	3	of	of	ADP
afbr-72	279	4	finance	finance	NOUN
afbr-72	279	5	and	and	CCONJ
afbr-72	279	6	investment	investment	NOUN
afbr-72	279	7	research	research	NOUN
afbr-72	279	8	,	,	PUNCT
afbr-72	279	9	2(1	2(1	NUM
afbr-72	279	10	)	)	PUNCT
afbr-72	279	11	,	,	PUNCT
afbr-72	279	12	31	31	NUM
afbr-72	279	13	-	-	SYM
afbr-72	279	14	49	49	NUM
afbr-72	279	15	.	.	PUNCT
afbr-72	280	1	akande	akande	PROPN
afbr-72	280	2	,	,	PUNCT
afbr-72	280	3	j.o	j.o	PROPN
afbr-72	280	4	.	.	PROPN
afbr-72	280	5	(	(	PUNCT
afbr-72	280	6	2013	2013	NUM
afbr-72	280	7	)	)	PUNCT
afbr-72	280	8	.	.	PUNCT
afbr-72	280	9	is	be	AUX
afbr-72	280	10	debt	debt	NOUN
afbr-72	280	11	a	a	DET
afbr-72	280	12	blessing	blessing	NOUN
afbr-72	280	13	or	or	CCONJ
afbr-72	280	14	curse	curse	VERB
afbr-72	280	15	?	?	PUNCT
afbr-72	281	1	an	an	DET
afbr-72	281	2	empirical	empirical	ADJ
afbr-72	281	3	analysis	analysis	NOUN
afbr-72	281	4	of	of	ADP
afbr-72	281	5	some	some	DET
afbr-72	281	6	nigerian	nigerian	ADJ
afbr-72	281	7	firms	firm	NOUN
afbr-72	281	8	.	.	PUNCT
afbr-72	282	1	journal	journal	PROPN
afbr-72	282	2	of	of	ADP
afbr-72	282	3	business	business	NOUN
afbr-72	282	4	and	and	CCONJ
afbr-72	282	5	organizational	organizational	ADJ
afbr-72	282	6	development	development	NOUN
afbr-72	282	7	,	,	PUNCT
afbr-72	282	8	5	5	NUM
afbr-72	282	9	(	(	PUNCT
afbr-72	282	10	2	2	NUM
afbr-72	282	11	)	)	PUNCT
afbr-72	282	12	,	,	PUNCT
afbr-72	282	13	74107	74107	NUM
afbr-72	282	14	.	.	PUNCT
afbr-72	283	1	akani	akani	NOUN
afbr-72	283	2	,	,	PUNCT
afbr-72	283	3	h.	h.	PROPN
afbr-72	283	4	w.	w.	PROPN
afbr-72	283	5	,	,	PUNCT
afbr-72	283	6	&	&	CCONJ
afbr-72	283	7	lucky	lucky	ADJ
afbr-72	283	8	,	,	PUNCT
afbr-72	283	9	a.	a.	PROPN
afbr-72	283	10	l.	l.	PROPN
afbr-72	283	11	,	,	PUNCT
afbr-72	283	12	(	(	PUNCT
afbr-72	283	13	2016	2016	NUM
afbr-72	283	14	)	)	PUNCT
afbr-72	283	15	capital	capital	NOUN
afbr-72	283	16	structure	structure	NOUN
afbr-72	283	17	and	and	CCONJ
afbr-72	283	18	shareholders	shareholder	NOUN
afbr-72	283	19	value	value	NOUN
afbr-72	283	20	of	of	ADP
afbr-72	283	21	commercial	commercial	ADJ
afbr-72	283	22	banks	bank	NOUN
afbr-72	283	23	in	in	ADP
afbr-72	283	24	nigeria	nigeria	PROPN
afbr-72	283	25	:	:	PUNCT
afbr-72	283	26	a	a	DET
afbr-72	283	27	multi	multi	ADJ
afbr-72	283	28	-	-	ADJ
afbr-72	283	29	variate	variate	ADJ
afbr-72	283	30	study	study	NOUN
afbr-72	283	31	analysis	analysis	NOUN
afbr-72	283	32	.	.	PUNCT
afbr-72	284	1	iiard	iiard	ADJ
afbr-72	284	2	international	international	ADJ
afbr-72	284	3	journal	journal	PROPN
afbr-72	284	4	of	of	ADP
afbr-72	284	5	economics	economic	NOUN
afbr-72	284	6	and	and	CCONJ
afbr-72	284	7	business	business	NOUN
afbr-72	284	8	management	management	NOUN
afbr-72	284	9	,	,	PUNCT
afbr-72	284	10	2	2	NUM
afbr-72	284	11	(	(	PUNCT
afbr-72	284	12	5	5	NUM
afbr-72	284	13	)	)	PUNCT
afbr-72	284	14	,	,	PUNCT
afbr-72	284	15	1	1	NUM
afbr-72	284	16	–	–	SYM
afbr-72	284	17	24	24	NUM
afbr-72	284	18	.	.	PUNCT
afbr-72	284	19	akinmulegun	akinmulegun	PROPN
afbr-72	284	20	,	,	PUNCT
afbr-72	284	21	s.o	s.o	PROPN
afbr-72	284	22	.	.	PROPN
afbr-72	284	23	,	,	PUNCT
afbr-72	284	24	(	(	PUNCT
afbr-72	284	25	2012	2012	NUM
afbr-72	284	26	)	)	PUNCT
afbr-72	284	27	.	.	PUNCT
afbr-72	285	1	the	the	DET
afbr-72	285	2	effect	effect	NOUN
afbr-72	285	3	of	of	ADP
afbr-72	285	4	financial	financial	ADJ
afbr-72	285	5	leverage	leverage	NOUN
afbr-72	285	6	on	on	ADP
afbr-72	285	7	corporate	corporate	ADJ
afbr-72	285	8	performance	performance	NOUN
afbr-72	285	9	of	of	ADP
afbr-72	285	10	some	some	DET
afbr-72	285	11	selected	select	VERB
afbr-72	285	12	companies	company	NOUN
afbr-72	285	13	in	in	ADP
afbr-72	285	14	nigeria	nigeria	PROPN
afbr-72	285	15	.	.	PUNCT
afbr-72	286	1	canadian	canadian	ADJ
afbr-72	286	2	social	social	ADJ
afbr-72	286	3	science	science	NOUN
afbr-72	286	4	,	,	PUNCT
afbr-72	286	5	8	8	NUM
afbr-72	286	6	(	(	PUNCT
afbr-72	286	7	1	1	NUM
afbr-72	286	8	)	)	PUNCT
afbr-72	286	9	,	,	PUNCT
afbr-72	286	10	8591	8591	NUM
afbr-72	286	11	.	.	PUNCT
afbr-72	287	1	al	al	PROPN
afbr-72	287	2	-	-	PUNCT
afbr-72	287	3	taani	taani	PROPN
afbr-72	287	4	,	,	PUNCT
afbr-72	287	5	k.	k.	PROPN
afbr-72	287	6	,	,	PUNCT
afbr-72	287	7	(	(	PUNCT
afbr-72	287	8	2013	2013	NUM
afbr-72	287	9	)	)	PUNCT
afbr-72	287	10	.	.	PUNCT
afbr-72	288	1	the	the	DET
afbr-72	288	2	relationship	relationship	NOUN
afbr-72	288	3	between	between	ADP
afbr-72	288	4	capital	capital	NOUN
afbr-72	288	5	structure	structure	NOUN
afbr-72	288	6	and	and	CCONJ
afbr-72	288	7	firm	firm	ADJ
afbr-72	288	8	performance	performance	NOUN
afbr-72	288	9	:	:	PUNCT
afbr-72	288	10	evidence	evidence	NOUN
afbr-72	288	11	from	from	ADP
afbr-72	288	12	jordan	jordan	PROPN
afbr-72	288	13	.	.	PUNCT
afbr-72	289	1	journal	journal	PROPN
afbr-72	289	2	of	of	ADP
afbr-72	289	3	finance	finance	NOUN
afbr-72	289	4	and	and	CCONJ
afbr-72	289	5	accounting	accounting	NOUN
afbr-72	289	6	,	,	PUNCT
afbr-72	289	7	1	1	NUM
afbr-72	289	8	(	(	PUNCT
afbr-72	289	9	3	3	NUM
afbr-72	289	10	)	)	PUNCT
afbr-72	289	11	,	,	PUNCT
afbr-72	289	12	4145	4145	NUM
afbr-72	289	13	.	.	PUNCT
afbr-72	290	1	arowoshegbe	arowoshegbe	NOUN
afbr-72	290	2	,	,	PUNCT
afbr-72	290	3	a.	a.	NOUN
afbr-72	290	4	o.	o.	PROPN
afbr-72	290	5	,	,	PUNCT
afbr-72	290	6	&	&	CCONJ
afbr-72	290	7	emeni	emeni	PROPN
afbr-72	290	8	,	,	PUNCT
afbr-72	290	9	f.k	f.k	PROPN
afbr-72	290	10	.	.	PROPN
afbr-72	290	11	,	,	PUNCT
afbr-72	290	12	(	(	PUNCT
afbr-72	290	13	2014	2014	NUM
afbr-72	290	14	)	)	PUNCT
afbr-72	290	15	.	.	PUNCT
afbr-72	291	1	shareholders‟	shareholders‟	NOUN
afbr-72	291	2	wealth	wealth	NOUN
afbr-72	291	3	and	and	CCONJ
afbr-72	291	4	debt	debt	NOUN
afbr-72	291	5	–	–	PUNCT
afbr-72	291	6	equity	equity	NOUN
afbr-72	291	7	mix	mix	NOUN
afbr-72	291	8	of	of	ADP
afbr-72	291	9	quoted	quote	VERB
afbr-72	291	10	companies	company	NOUN
afbr-72	291	11	in	in	ADP
afbr-72	291	12	nigeria	nigeria	PROPN
afbr-72	291	13	.	.	PUNCT
afbr-72	292	1	international	international	ADJ
afbr-72	292	2	journal	journal	PROPN
afbr-72	292	3	of	of	ADP
afbr-72	292	4	financial	financial	ADJ
afbr-72	292	5	research	research	NOUN
afbr-72	292	6	,	,	PUNCT
afbr-72	292	7	5	5	NUM
afbr-72	292	8	(	(	PUNCT
afbr-72	292	9	1	1	NUM
afbr-72	292	10	)	)	PUNCT
afbr-72	292	11	,	,	PUNCT
afbr-72	292	12	107113	107113	NUM
afbr-72	292	13	.	.	PUNCT
afbr-72	293	1	braunstein	braunstein	ADV
afbr-72	293	2	,	,	PUNCT
afbr-72	293	3	yale	yale	PROPN
afbr-72	293	4	(	(	PUNCT
afbr-72	293	5	2002	2002	NUM
afbr-72	293	6	)	)	PUNCT
afbr-72	293	7	.	.	PUNCT
afbr-72	294	1	cost	cost	NOUN
afbr-72	294	2	of	of	ADP
afbr-72	294	3	capital	capital	NOUN
afbr-72	294	4	study	study	NOUN
afbr-72	294	5	for	for	ADP
afbr-72	294	6	telecommunications	telecommunications	NOUN
afbr-72	294	7	utilities	utility	NOUN
afbr-72	294	8	,	,	PUNCT
afbr-72	294	9	working	working	NOUN
afbr-72	294	10	paper	paper	NOUN
afbr-72	294	11	,	,	PUNCT
afbr-72	294	12	school	school	NOUN
afbr-72	294	13	of	of	ADP
afbr-72	294	14	information	information	NOUN
afbr-72	294	15	management	management	NOUN
afbr-72	294	16	and	and	CCONJ
afbr-72	294	17	systems	system	NOUN
afbr-72	294	18	,	,	PUNCT
afbr-72	294	19	university	university	NOUN
afbr-72	294	20	of	of	ADP
afbr-72	294	21	california	california	PROPN
afbr-72	294	22	at	at	ADP
afbr-72	294	23	berkeley	berkeley	PROPN
afbr-72	294	24	,	,	PUNCT
afbr-72	294	25	9(45	9(45	NUM
afbr-72	294	26	)	)	PUNCT
afbr-72	294	27	78	78	NUM
afbr-72	294	28	-	-	SYM
afbr-72	294	29	98	98	NUM
afbr-72	294	30	chinaemerem	chinaemerem	ADJ
afbr-72	294	31	,	,	PUNCT
afbr-72	294	32	o.c	o.c	PROPN
afbr-72	294	33	.	.	PROPN
afbr-72	294	34	,	,	PUNCT
afbr-72	294	35	&	&	CCONJ
afbr-72	294	36	anthony	anthony	PROPN
afbr-72	294	37	,	,	PUNCT
afbr-72	294	38	o.	o.	PROPN
afbr-72	294	39	(	(	PUNCT
afbr-72	294	40	2012	2012	NUM
afbr-72	294	41	)	)	PUNCT
afbr-72	294	42	.	.	PUNCT
afbr-72	295	1	impact	impact	NOUN
afbr-72	295	2	of	of	ADP
afbr-72	295	3	capital	capital	NOUN
afbr-72	295	4	structure	structure	NOUN
afbr-72	295	5	on	on	ADP
afbr-72	295	6	the	the	DET
afbr-72	295	7	financial	financial	ADJ
afbr-72	295	8	performance	performance	NOUN
afbr-72	295	9	of	of	ADP
afbr-72	295	10	nigerian	nigerian	ADJ
afbr-72	295	11	firms	firm	NOUN
afbr-72	295	12	.	.	PUNCT
afbr-72	296	1	arabian	arabian	ADJ
afbr-72	296	2	journal	journal	PROPN
afbr-72	296	3	of	of	ADP
afbr-72	296	4	business	business	NOUN
afbr-72	296	5	and	and	CCONJ
afbr-72	296	6	management	management	NOUN
afbr-72	296	7	review	review	NOUN
afbr-72	296	8	(	(	PUNCT
afbr-72	296	9	oman	oman	NOUN
afbr-72	296	10	chapter	chapter	NOUN
afbr-72	296	11	)	)	PUNCT
afbr-72	296	12	.	.	PUNCT
afbr-72	297	1	1	1	NUM
afbr-72	297	2	(	(	PUNCT
afbr-72	297	3	12	12	NUM
afbr-72	297	4	)	)	PUNCT
afbr-72	297	5	,	,	PUNCT
afbr-72	297	6	4361	4361	NUM
afbr-72	297	7	.	.	PUNCT
afbr-72	298	1	david	david	PROPN
afbr-72	298	2	,	,	PUNCT
afbr-72	298	3	f.d	f.d	PROPN
afbr-72	298	4	.	.	PROPN
afbr-72	298	5	,	,	PUNCT
afbr-72	298	6	&	&	CCONJ
afbr-72	298	7	olorunfemi	olorunfemi	PROPN
afbr-72	298	8	,	,	PUNCT
afbr-72	298	9	s.	s.	PROPN
afbr-72	298	10	,	,	PUNCT
afbr-72	298	11	(	(	PUNCT
afbr-72	298	12	2010	2010	NUM
afbr-72	298	13	)	)	PUNCT
afbr-72	298	14	.	.	PUNCT
afbr-72	299	1	capital	capital	NOUN
afbr-72	299	2	structure	structure	NOUN
afbr-72	299	3	and	and	CCONJ
afbr-72	299	4	corporate	corporate	ADJ
afbr-72	299	5	performance	performance	NOUN
afbr-72	299	6	in	in	ADP
afbr-72	299	7	nigerian	nigerian	ADJ
afbr-72	299	8	petroleum	petroleum	NOUN
afbr-72	299	9	industry	industry	NOUN
afbr-72	299	10	:	:	PUNCT
afbr-72	299	11	panel	panel	NOUN
afbr-72	299	12	data	data	VERB
afbr-72	299	13	analysis	analysis	NOUN
afbr-72	299	14	.	.	PUNCT
afbr-72	300	1	journal	journal	NOUN
afbr-72	300	2	of	of	ADP
afbr-72	300	3	mathematics	mathematic	NOUN
afbr-72	300	4	and	and	CCONJ
afbr-72	300	5	statistics	statistic	NOUN
afbr-72	300	6	,	,	PUNCT
afbr-72	300	7	6	6	NUM
afbr-72	300	8	(	(	PUNCT
afbr-72	300	9	2	2	NUM
afbr-72	300	10	)	)	PUNCT
afbr-72	300	11	,	,	PUNCT
afbr-72	300	12	168173	168173	NUM
afbr-72	300	13	.	.	PUNCT
afbr-72	301	1	prime	prime	PROPN
afbr-72	301	2	equity	equity	PROPN
afbr-72	301	3	,	,	PUNCT
afbr-72	301	4	leveraged	leveraged	ADJ
afbr-72	301	5	structure	structure	NOUN
afbr-72	301	6	and	and	CCONJ
afbr-72	301	7	corporate	corporate	ADJ
afbr-72	301	8	earnings	earning	NOUN
afbr-72	301	9	in	in	ADP
afbr-72	301	10	nigeria	nigeria	PROPN
afbr-72	301	11	:	:	PUNCT
afbr-72	301	12	a	a	DET
afbr-72	301	13	comparative	comparative	ADJ
afbr-72	301	14	analysis	analysis	NOUN
afbr-72	301	15	lucky	lucky	ADJ
afbr-72	301	16	anyike	anyike	ADP
afbr-72	301	17	lucky	lucky	ADJ
afbr-72	301	18	and	and	CCONJ
afbr-72	301	19	akobundu	akobundu	ADJ
afbr-72	301	20	charles	charle	NOUN
afbr-72	301	21	echewodo	echewodo	PROPN
afbr-72	301	22	39	39	NUM
afbr-72	301	23	ebaid	ebaid	PROPN
afbr-72	301	24	,	,	PUNCT
afbr-72	301	25	e.i	e.i	PROPN
afbr-72	301	26	.	.	PROPN
afbr-72	301	27	,	,	PUNCT
afbr-72	301	28	(	(	PUNCT
afbr-72	301	29	2009	2009	NUM
afbr-72	301	30	)	)	PUNCT
afbr-72	301	31	.	.	PUNCT
afbr-72	302	1	the	the	DET
afbr-72	302	2	impact	impact	NOUN
afbr-72	302	3	of	of	ADP
afbr-72	302	4	capital	capital	NOUN
afbr-72	302	5	structure	structure	NOUN
afbr-72	302	6	choice	choice	NOUN
afbr-72	302	7	on	on	ADP
afbr-72	302	8	firm	firm	ADJ
afbr-72	302	9	performance	performance	NOUN
afbr-72	302	10	:	:	PUNCT
afbr-72	302	11	empirical	empirical	ADJ
afbr-72	302	12	evidence	evidence	NOUN
afbr-72	302	13	from	from	ADP
afbr-72	302	14	egypt	egypt	PROPN
afbr-72	302	15	.	.	PUNCT
afbr-72	303	1	the	the	DET
afbr-72	303	2	journal	journal	NOUN
afbr-72	303	3	of	of	ADP
afbr-72	303	4	risk	risk	NOUN
afbr-72	303	5	finance	finance	NOUN
afbr-72	303	6	,	,	PUNCT
afbr-72	303	7	10	10	NUM
afbr-72	303	8	(	(	PUNCT
afbr-72	303	9	5	5	NUM
afbr-72	303	10	)	)	PUNCT
afbr-72	303	11	,	,	PUNCT
afbr-72	303	12	477487	477487	NUM
afbr-72	303	13	.	.	PUNCT
afbr-72	304	1	fosu	fosu	PROPN
afbr-72	304	2	,	,	PUNCT
afbr-72	304	3	s.	s.	PROPN
afbr-72	304	4	,	,	PUNCT
afbr-72	304	5	(	(	PUNCT
afbr-72	304	6	2013	2013	NUM
afbr-72	304	7	)	)	PUNCT
afbr-72	304	8	.	.	PUNCT
afbr-72	305	1	capital	capital	NOUN
afbr-72	305	2	structure	structure	NOUN
afbr-72	305	3	,	,	PUNCT
afbr-72	305	4	product	product	NOUN
afbr-72	305	5	market	market	NOUN
afbr-72	305	6	competition	competition	NOUN
afbr-72	305	7	and	and	CCONJ
afbr-72	305	8	firm	firm	ADJ
afbr-72	305	9	performance	performance	NOUN
afbr-72	305	10	:	:	PUNCT
afbr-72	305	11	evidence	evidence	NOUN
afbr-72	305	12	from	from	ADP
afbr-72	305	13	south	south	PROPN
afbr-72	305	14	africa	africa	PROPN
afbr-72	305	15	.	.	PUNCT
afbr-72	306	1	working	work	VERB
afbr-72	306	2	paper	paper	PROPN
afbr-72	306	3	no	no	INTJ
afbr-72	306	4	.	.	PUNCT
afbr-72	307	1	13/11	13/11	NUM
afbr-72	307	2	.	.	X
afbr-72	307	3	113	113	NUM
afbr-72	307	4	.	.	PUNCT
afbr-72	308	1	gweji	gweji	PROPN
afbr-72	308	2	,	,	PUNCT
afbr-72	308	3	m.o	m.o	PROPN
afbr-72	308	4	.	.	PROPN
afbr-72	308	5	,	,	PUNCT
afbr-72	308	6	&	&	CCONJ
afbr-72	308	7	karanja	karanja	PROPN
afbr-72	308	8	,	,	PUNCT
afbr-72	308	9	j.	j.	PROPN
afbr-72	308	10	,	,	PUNCT
afbr-72	308	11	(	(	PUNCT
afbr-72	308	12	2014	2014	NUM
afbr-72	308	13	)	)	PUNCT
afbr-72	308	14	.	.	PUNCT
afbr-72	309	1	effect	effect	NOUN
afbr-72	309	2	of	of	ADP
afbr-72	309	3	financial	financial	ADJ
afbr-72	309	4	leverage	leverage	NOUN
afbr-72	309	5	on	on	ADP
afbr-72	309	6	financial	financial	ADJ
afbr-72	309	7	performance	performance	NOUN
afbr-72	309	8	of	of	ADP
afbr-72	309	9	deposit	deposit	NOUN
afbr-72	309	10	taking	take	VERB
afbr-72	309	11	savings	saving	NOUN
afbr-72	309	12	and	and	CCONJ
afbr-72	309	13	credit	credit	NOUN
afbr-72	309	14	co	co	NOUN
afbr-72	309	15	-	-	NOUN
afbr-72	309	16	operative	operative	ADJ
afbr-72	309	17	in	in	ADP
afbr-72	309	18	kenya	kenya	PROPN
afbr-72	309	19	.	.	PUNCT
afbr-72	310	1	international	international	ADJ
afbr-72	310	2	journal	journal	PROPN
afbr-72	310	3	of	of	ADP
afbr-72	310	4	academic	academic	ADJ
afbr-72	310	5	research	research	NOUN
afbr-72	310	6	in	in	ADP
afbr-72	310	7	accounting	accounting	NOUN
afbr-72	310	8	,	,	PUNCT
afbr-72	310	9	finance	finance	NOUN
afbr-72	310	10	and	and	CCONJ
afbr-72	310	11	management	management	NOUN
afbr-72	310	12	sciences	science	NOUN
afbr-72	310	13	,	,	PUNCT
afbr-72	310	14	4	4	NUM
afbr-72	310	15	(	(	PUNCT
afbr-72	310	16	2	2	NUM
afbr-72	310	17	)	)	PUNCT
afbr-72	310	18	,	,	PUNCT
afbr-72	310	19	180188	180188	NUM
afbr-72	310	20	.	.	PUNCT
afbr-72	311	1	iavorskyi	iavorskyi	PROPN
afbr-72	311	2	,	,	PUNCT
afbr-72	311	3	m.	m.	NOUN
afbr-72	311	4	(	(	PUNCT
afbr-72	311	5	2013	2013	NUM
afbr-72	311	6	)	)	PUNCT
afbr-72	311	7	.	.	PUNCT
afbr-72	312	1	the	the	DET
afbr-72	312	2	impact	impact	NOUN
afbr-72	312	3	of	of	ADP
afbr-72	312	4	capital	capital	NOUN
afbr-72	312	5	structure	structure	NOUN
afbr-72	312	6	on	on	ADP
afbr-72	312	7	firm	firm	ADJ
afbr-72	312	8	performance	performance	NOUN
afbr-72	312	9	:	:	PUNCT
afbr-72	312	10	evidence	evidence	NOUN
afbr-72	312	11	from	from	ADP
afbr-72	312	12	ukraine	ukraine	PROPN
afbr-72	312	13	(	(	PUNCT
afbr-72	312	14	unpublished	unpublished	ADJ
afbr-72	312	15	master	master	NOUN
afbr-72	312	16	thesis	thesis	NOUN
afbr-72	312	17	)	)	PUNCT
afbr-72	312	18	,	,	PUNCT
afbr-72	312	19	kyiv	kyiv	ADJ
afbr-72	312	20	school	school	NOUN
afbr-72	312	21	of	of	ADP
afbr-72	312	22	economics	economic	NOUN
afbr-72	312	23	.	.	PUNCT
afbr-72	313	1	innocent	innocent	ADJ
afbr-72	313	2	,	,	PUNCT
afbr-72	313	3	e.c	e.c	PROPN
afbr-72	313	4	.	.	PROPN
afbr-72	313	5	,	,	PUNCT
afbr-72	313	6	ikechukwu	ikechukwu	PROPN
afbr-72	313	7	,	,	PUNCT
afbr-72	313	8	a.c	a.c	PROPN
afbr-72	313	9	.	.	PROPN
afbr-72	313	10	,	,	PUNCT
afbr-72	313	11	&	&	CCONJ
afbr-72	313	12	nnagbogu	nnagbogu	PROPN
afbr-72	313	13	,	,	PUNCT
afbr-72	313	14	e.k	e.k	PROPN
afbr-72	313	15	.	.	PROPN
afbr-72	313	16	(	(	PUNCT
afbr-72	313	17	2014	2014	NUM
afbr-72	313	18	)	)	PUNCT
afbr-72	313	19	.	.	PUNCT
afbr-72	314	1	the	the	DET
afbr-72	314	2	effect	effect	NOUN
afbr-72	314	3	of	of	ADP
afbr-72	314	4	financial	financial	ADJ
afbr-72	314	5	leverage	leverage	NOUN
afbr-72	314	6	on	on	ADP
afbr-72	314	7	financial	financial	ADJ
afbr-72	314	8	performance	performance	NOUN
afbr-72	314	9	:	:	PUNCT
afbr-72	314	10	evidence	evidence	NOUN
afbr-72	314	11	of	of	ADP
afbr-72	314	12	quoted	quote	VERB
afbr-72	314	13	pharmaceutical	pharmaceutical	ADJ
afbr-72	314	14	companies	company	NOUN
afbr-72	314	15	in	in	ADP
afbr-72	314	16	nigeria	nigeria	PROPN
afbr-72	314	17	.	.	PUNCT
afbr-72	315	1	iosr	iosr	PROPN
afbr-72	315	2	journal	journal	PROPN
afbr-72	315	3	of	of	ADP
afbr-72	315	4	economics	economic	NOUN
afbr-72	315	5	and	and	CCONJ
afbr-72	315	6	finance	finance	NOUN
afbr-72	315	7	,	,	PUNCT
afbr-72	315	8	5	5	NUM
afbr-72	315	9	(	(	PUNCT
afbr-72	315	10	3	3	NUM
afbr-72	315	11	)	)	PUNCT
afbr-72	315	12	,	,	PUNCT
afbr-72	315	13	1725	1725	NUM
afbr-72	315	14	.	.	PUNCT
afbr-72	316	1	kareem	kareem	PROPN
afbr-72	316	2	,	,	PUNCT
afbr-72	316	3	a.	a.	PROPN
afbr-72	316	4	,	,	PUNCT
afbr-72	316	5	(	(	PUNCT
afbr-72	316	6	2006	2006	NUM
afbr-72	316	7	)	)	PUNCT
afbr-72	316	8	.	.	PUNCT
afbr-72	317	1	testing	testing	NOUN
afbr-72	317	2	and	and	CCONJ
afbr-72	317	3	assessing	assess	VERB
afbr-72	317	4	the	the	DET
afbr-72	317	5	relationship	relationship	NOUN
afbr-72	317	6	between	between	ADP
afbr-72	317	7	capital	capital	NOUN
afbr-72	317	8	cost	cost	NOUN
afbr-72	317	9	and	and	CCONJ
afbr-72	317	10	stock	stock	NOUN
afbr-72	317	11	market	market	NOUN
afbr-72	317	12	returns	return	NOUN
afbr-72	317	13	,	,	PUNCT
afbr-72	317	14	an	an	DET
afbr-72	317	15	empirical	empirical	ADJ
afbr-72	317	16	study	study	NOUN
afbr-72	317	17	on	on	ADP
afbr-72	317	18	industrial	industrial	ADJ
afbr-72	317	19	companies	company	NOUN
afbr-72	317	20	listed	list	VERB
afbr-72	317	21	at	at	ADP
afbr-72	317	22	amman	amman	PROPN
afbr-72	317	23	stock	stock	PROPN
afbr-72	317	24	exchange	exchange	PROPN
afbr-72	317	25	for	for	ADP
afbr-72	317	26	the	the	DET
afbr-72	317	27	period	period	NOUN
afbr-72	317	28	1994	1994	NUM
afbr-72	317	29	–	–	PUNCT
afbr-72	317	30	2004	2004	NUM
afbr-72	317	31	,	,	PUNCT
afbr-72	317	32	humanities	humanity	NOUN
afbr-72	317	33	journal	journal	NOUN
afbr-72	317	34	,	,	PUNCT
afbr-72	317	35	4(29	4(29	NUM
afbr-72	317	36	)	)	PUNCT
afbr-72	317	37	1	1	NUM
afbr-72	317	38	-	-	SYM
afbr-72	317	39	24	24	NUM
afbr-72	317	40	.	.	PUNCT
afbr-72	318	1	laurent	laurent	PROPN
afbr-72	318	2	,	,	PUNCT
afbr-72	318	3	w.	w.	PROPN
afbr-72	318	4	,	,	PUNCT
afbr-72	318	5	(	(	PUNCT
afbr-72	318	6	2002	2002	NUM
afbr-72	318	7	)	)	PUNCT
afbr-72	318	8	.	.	PUNCT
afbr-72	319	1	leverage	leverage	NOUN
afbr-72	319	2	and	and	CCONJ
afbr-72	319	3	corporate	corporate	ADJ
afbr-72	319	4	performance	performance	NOUN
afbr-72	319	5	:	:	PUNCT
afbr-72	319	6	a	a	DET
afbr-72	319	7	frontier	frontier	NOUN
afbr-72	319	8	efficiency	efficiency	NOUN
afbr-72	319	9	analysis	analysis	NOUN
afbr-72	319	10	.	.	PUNCT
afbr-72	320	1	universite	universite	PROPN
afbr-72	320	2	robert	robert	PROPN
afbr-72	320	3	schuman	schuman	PROPN
afbr-72	320	4	institud	institud	PROPN
afbr-72	320	5	’	'	PUNCT
afbr-72	320	6	etudes	etude	VERB
afbr-72	320	7	politiques	politique	NOUN
afbr-72	320	8	,	,	PUNCT
afbr-72	320	9	france	france	PROPN
afbr-72	320	10	,	,	PUNCT
afbr-72	320	11	120	120	NUM
afbr-72	320	12	.	.	PUNCT
afbr-72	321	1	laurent	laurent	PROPN
afbr-72	321	2	,	,	PUNCT
afbr-72	321	3	w.	w.	PROPN
afbr-72	321	4	,	,	PUNCT
afbr-72	321	5	(	(	PUNCT
afbr-72	321	6	2008	2008	NUM
afbr-72	321	7	)	)	PUNCT
afbr-72	321	8	.	.	PUNCT
afbr-72	322	1	leverage	leverage	NOUN
afbr-72	322	2	and	and	CCONJ
afbr-72	322	3	corporate	corporate	ADJ
afbr-72	322	4	performance	performance	NOUN
afbr-72	322	5	:	:	PUNCT
afbr-72	322	6	does	do	VERB
afbr-72	322	7	institutional	institutional	ADJ
afbr-72	322	8	environment	environment	NOUN
afbr-72	322	9	matter	matter	NOUN
afbr-72	322	10	?	?	PUNCT
afbr-72	323	1	journal	journal	NOUN
afbr-72	323	2	of	of	ADP
afbr-72	323	3	small	small	ADJ
afbr-72	323	4	business	business	NOUN
afbr-72	323	5	economics	economic	NOUN
afbr-72	323	6	,	,	PUNCT
afbr-72	323	7	30	30	NUM
afbr-72	323	8	(	(	PUNCT
afbr-72	323	9	3	3	NUM
afbr-72	323	10	)	)	PUNCT
afbr-72	323	11	,	,	PUNCT
afbr-72	323	12	251265	251265	NUM
afbr-72	323	13	.	.	PUNCT
afbr-72	324	1	leon	leon	PROPN
afbr-72	324	2	,	,	PUNCT
afbr-72	324	3	s.	s.	PROPN
afbr-72	324	4	a.	a.	PROPN
afbr-72	324	5	j.	j.	PROPN
afbr-72	324	6	,	,	PUNCT
afbr-72	324	7	(	(	PUNCT
afbr-72	324	8	2013	2013	NUM
afbr-72	324	9	)	)	PUNCT
afbr-72	324	10	.	.	PUNCT
afbr-72	325	1	the	the	DET
afbr-72	325	2	impact	impact	NOUN
afbr-72	325	3	of	of	ADP
afbr-72	325	4	capital	capital	NOUN
afbr-72	325	5	structure	structure	NOUN
afbr-72	325	6	on	on	ADP
afbr-72	325	7	financial	financial	ADJ
afbr-72	325	8	performance	performance	NOUN
afbr-72	325	9	of	of	ADP
afbr-72	325	10	the	the	DET
afbr-72	325	11	listed	list	VERB
afbr-72	325	12	manufacturing	manufacturing	NOUN
afbr-72	325	13	firms	firm	NOUN
afbr-72	325	14	in	in	ADP
afbr-72	325	15	sri	sri	PROPN
afbr-72	325	16	lanka	lanka	PROPN
afbr-72	325	17	.	.	PUNCT
afbr-72	326	1	global	global	ADJ
afbr-72	326	2	journal	journal	PROPN
afbr-72	326	3	of	of	ADP
afbr-72	326	4	commerce	commerce	PROPN
afbr-72	326	5	and	and	CCONJ
afbr-72	326	6	management	management	NOUN
afbr-72	326	7	perspective	perspective	NOUN
afbr-72	326	8	,	,	PUNCT
afbr-72	326	9	2	2	NUM
afbr-72	326	10	(	(	PUNCT
afbr-72	326	11	5	5	NUM
afbr-72	326	12	)	)	PUNCT
afbr-72	326	13	,	,	PUNCT
afbr-72	326	14	5662	5662	NUM
afbr-72	326	15	.	.	PUNCT
afbr-72	327	1	maina	maina	PROPN
afbr-72	327	2	,	,	PUNCT
afbr-72	327	3	l.	l.	PROPN
afbr-72	327	4	,	,	PUNCT
afbr-72	327	5	&	&	CCONJ
afbr-72	327	6	kondongo	kondongo	PROPN
afbr-72	327	7	,	,	PUNCT
afbr-72	327	8	o.	o.	PROPN
afbr-72	327	9	,	,	PUNCT
afbr-72	327	10	(	(	PUNCT
afbr-72	327	11	2013	2013	NUM
afbr-72	327	12	)	)	PUNCT
afbr-72	327	13	.	.	PUNCT
afbr-72	328	1	capital	capital	NOUN
afbr-72	328	2	structure	structure	NOUN
afbr-72	328	3	and	and	CCONJ
afbr-72	328	4	financial	financial	ADJ
afbr-72	328	5	performance	performance	NOUN
afbr-72	328	6	in	in	ADP
afbr-72	328	7	kenya	kenya	PROPN
afbr-72	328	8	:	:	PUNCT
afbr-72	328	9	evidence	evidence	NOUN
afbr-72	328	10	from	from	ADP
afbr-72	328	11	firms	firm	NOUN
afbr-72	328	12	listed	list	VERB
afbr-72	328	13	at	at	ADP
afbr-72	328	14	the	the	DET
afbr-72	328	15	nairobi	nairobi	PROPN
afbr-72	328	16	securities	securities	PROPN
afbr-72	328	17	exchange	exchange	PROPN
afbr-72	328	18	.	.	PUNCT
afbr-72	329	1	paper	paper	NOUN
afbr-72	329	2	presented	present	VERB
afbr-72	329	3	at	at	ADP
afbr-72	329	4	the	the	DET
afbr-72	329	5	jomo	jomo	PROPN
afbr-72	329	6	kenyatta	kenyatta	PROPN
afbr-72	329	7	university	university	PROPN
afbr-72	329	8	of	of	ADP
afbr-72	329	9	science	science	PROPN
afbr-72	329	10	&	&	CCONJ
afbr-72	329	11	technology	technology	PROPN
afbr-72	329	12	research	research	NOUN
afbr-72	329	13	conference	conference	NOUN
afbr-72	329	14	.	.	PUNCT
afbr-72	330	1	kenya	kenya	PROPN
afbr-72	330	2	.	.	PUNCT
afbr-72	331	1	modigliani	modigliani	PROPN
afbr-72	331	2	,	,	PUNCT
afbr-72	331	3	f.	f.	PROPN
afbr-72	331	4	,	,	PUNCT
afbr-72	331	5	&	&	CCONJ
afbr-72	331	6	miller	miller	PROPN
afbr-72	331	7	,	,	PUNCT
afbr-72	331	8	m.	m.	NOUN
afbr-72	331	9	(	(	PUNCT
afbr-72	331	10	1963	1963	NUM
afbr-72	331	11	)	)	PUNCT
afbr-72	331	12	.	.	PUNCT
afbr-72	332	1	corporate	corporate	ADJ
afbr-72	332	2	income	income	NOUN
afbr-72	332	3	taxes	taxis	NOUN
afbr-72	332	4	and	and	CCONJ
afbr-72	332	5	the	the	DET
afbr-72	332	6	cost	cost	NOUN
afbr-72	332	7	of	of	ADP
afbr-72	332	8	capital	capital	NOUN
afbr-72	332	9	:	:	PUNCT
afbr-72	332	10	a	a	DET
afbr-72	332	11	correction	correction	NOUN
afbr-72	332	12	.	.	PUNCT
afbr-72	333	1	american	american	PROPN
afbr-72	333	2	economic	economic	PROPN
afbr-72	333	3	review	review	PROPN
afbr-72	333	4	,	,	PUNCT
afbr-72	333	5	5(3	5(3	NUM
afbr-72	333	6	)	)	PUNCT
afbr-72	333	7	,	,	PUNCT
afbr-72	333	8	443453	443453	NUM
afbr-72	333	9	.	.	PUNCT
afbr-72	334	1	modigliani	modigliani	PROPN
afbr-72	334	2	,	,	PUNCT
afbr-72	334	3	f.	f.	PROPN
afbr-72	334	4	,	,	PUNCT
afbr-72	334	5	&	&	CCONJ
afbr-72	334	6	miller	miller	PROPN
afbr-72	334	7	,	,	PUNCT
afbr-72	334	8	m.	m.	PROPN
afbr-72	334	9	h.	h.	PROPN
afbr-72	334	10	,	,	PUNCT
afbr-72	334	11	(	(	PUNCT
afbr-72	334	12	1958	1958	NUM
afbr-72	334	13	)	)	PUNCT
afbr-72	334	14	.	.	PUNCT
afbr-72	335	1	the	the	DET
afbr-72	335	2	cost	cost	NOUN
afbr-72	335	3	of	of	ADP
afbr-72	335	4	capital	capital	NOUN
afbr-72	335	5	,	,	PUNCT
afbr-72	335	6	corporation	corporation	NOUN
afbr-72	335	7	finance	finance	NOUN
afbr-72	335	8	and	and	CCONJ
afbr-72	335	9	the	the	DET
afbr-72	335	10	theory	theory	NOUN
afbr-72	335	11	of	of	ADP
afbr-72	335	12	investment	investment	NOUN
afbr-72	335	13	.	.	PUNCT
afbr-72	336	1	the	the	DET
afbr-72	336	2	american	american	PROPN
afbr-72	336	3	economic	economic	PROPN
afbr-72	336	4	review	review	PROPN
afbr-72	336	5	,	,	PUNCT
afbr-72	336	6	48	48	NUM
afbr-72	336	7	(	(	PUNCT
afbr-72	336	8	3	3	NUM
afbr-72	336	9	)	)	PUNCT
afbr-72	336	10	,	,	PUNCT
afbr-72	336	11	261297	261297	NUM
afbr-72	336	12	.	.	PUNCT
afbr-72	337	1	modiglinni	modiglinni	PROPN
afbr-72	337	2	,	,	PUNCT
afbr-72	337	3	f.	f.	PROPN
afbr-72	337	4	,	,	PUNCT
afbr-72	337	5	&	&	CCONJ
afbr-72	337	6	miller	miller	PROPN
afbr-72	337	7	m.	m.	PROPN
afbr-72	337	8	h.	h.	PROPN
afbr-72	337	9	,	,	PUNCT
afbr-72	337	10	(	(	PUNCT
afbr-72	337	11	1958	1958	NUM
afbr-72	337	12	)	)	PUNCT
afbr-72	337	13	,	,	PUNCT
afbr-72	337	14	the	the	DET
afbr-72	337	15	cost	cost	NOUN
afbr-72	337	16	of	of	ADP
afbr-72	337	17	capital	capital	NOUN
afbr-72	337	18	,	,	PUNCT
afbr-72	337	19	corporation	corporation	NOUN
afbr-72	337	20	finance	finance	NOUN
afbr-72	337	21	and	and	CCONJ
afbr-72	337	22	the	the	DET
afbr-72	337	23	theory	theory	NOUN
afbr-72	337	24	of	of	ADP
afbr-72	337	25	investment	investment	NOUN
afbr-72	337	26	.	.	PUNCT
afbr-72	338	1	american	american	PROPN
afbr-72	338	2	economic	economic	PROPN
afbr-72	338	3	review	review	PROPN
afbr-72	338	4	,	,	PUNCT
afbr-72	338	5	4(8	4(8	NUM
afbr-72	338	6	)	)	PUNCT
afbr-72	338	7	,	,	PUNCT
afbr-72	338	8	261	261	NUM
afbr-72	338	9	-	-	SYM
afbr-72	338	10	297	297	NUM
afbr-72	338	11	.	.	PUNCT
afbr-72	339	1	muritala	muritala	PROPN
afbr-72	339	2	,	,	PUNCT
afbr-72	339	3	t.a	t.a	PROPN
afbr-72	339	4	.	.	PROPN
afbr-72	339	5	,	,	PUNCT
afbr-72	339	6	(	(	PUNCT
afbr-72	339	7	2012	2012	NUM
afbr-72	339	8	)	)	PUNCT
afbr-72	339	9	.	.	PUNCT
afbr-72	340	1	an	an	DET
afbr-72	340	2	empirical	empirical	ADJ
afbr-72	340	3	analysis	analysis	NOUN
afbr-72	340	4	of	of	ADP
afbr-72	340	5	capital	capital	NOUN
afbr-72	340	6	structure	structure	NOUN
afbr-72	340	7	on	on	ADP
afbr-72	340	8	firms	firm	NOUN
afbr-72	340	9	performance	performance	NOUN
afbr-72	340	10	in	in	ADP
afbr-72	340	11	nigeria	nigeria	PROPN
afbr-72	340	12	.	.	PUNCT
afbr-72	341	1	international	international	ADJ
afbr-72	341	2	journal	journal	PROPN
afbr-72	341	3	of	of	ADP
afbr-72	341	4	advances	advance	NOUN
afbr-72	341	5	in	in	ADP
afbr-72	341	6	management	management	NOUN
afbr-72	341	7	and	and	CCONJ
afbr-72	341	8	economics	economic	NOUN
afbr-72	341	9	,	,	PUNCT
afbr-72	341	10	1	1	NUM
afbr-72	341	11	(	(	PUNCT
afbr-72	341	12	5	5	NUM
afbr-72	341	13	)	)	PUNCT
afbr-72	341	14	,	,	PUNCT
afbr-72	341	15	116124	116124	NUM
afbr-72	341	16	.	.	PUNCT
afbr-72	342	1	myers	myers	PROPN
afbr-72	342	2	,	,	PUNCT
afbr-72	342	3	s.	s.	PROPN
afbr-72	342	4	c.	c.	PROPN
afbr-72	342	5	,	,	PUNCT
afbr-72	342	6	(	(	PUNCT
afbr-72	342	7	2001	2001	NUM
afbr-72	342	8	)	)	PUNCT
afbr-72	342	9	.	.	PUNCT
afbr-72	343	1	capital	capital	NOUN
afbr-72	343	2	structure	structure	NOUN
afbr-72	343	3	.	.	PUNCT
afbr-72	344	1	journal	journal	NOUN
afbr-72	344	2	of	of	ADP
afbr-72	344	3	economic	economic	ADJ
afbr-72	344	4	perspectives	perspective	NOUN
afbr-72	344	5	,	,	PUNCT
afbr-72	344	6	15	15	NUM
afbr-72	344	7	(	(	PUNCT
afbr-72	344	8	2	2	NUM
afbr-72	344	9	)	)	PUNCT
afbr-72	344	10	,	,	PUNCT
afbr-72	344	11	81102	81102	NUM
afbr-72	344	12	.	.	PUNCT
afbr-72	345	1	pandey	pandey	PROPN
afbr-72	345	2	,	,	PUNCT
afbr-72	345	3	i.m	i.m	PROPN
afbr-72	345	4	.	.	PROPN
afbr-72	345	5	,	,	PUNCT
afbr-72	345	6	(	(	PUNCT
afbr-72	345	7	2010	2010	NUM
afbr-72	345	8	)	)	PUNCT
afbr-72	345	9	.	.	PUNCT
afbr-72	346	1	financial	financial	ADJ
afbr-72	346	2	management	management	NOUN
afbr-72	346	3	(	(	PUNCT
afbr-72	346	4	10th	10th	ADJ
afbr-72	346	5	ed	ed	NOUN
afbr-72	346	6	.	.	PUNCT
afbr-72	346	7	)	)	PUNCT
afbr-72	346	8	.	.	PUNCT
afbr-72	347	1	new	new	PROPN
afbr-72	347	2	delhi	delhi	PROPN
afbr-72	347	3	,	,	PUNCT
afbr-72	347	4	india	india	PROPN
afbr-72	347	5	:	:	PUNCT
afbr-72	347	6	vikas	vikas	PROPN
afbr-72	347	7	publishing	publishing	PROPN
afbr-72	347	8	house	house	PROPN
afbr-72	347	9	pvt	pvt	PROPN
afbr-72	347	10	ltd	ltd	PROPN
afbr-72	347	11	.	.	PROPN
afbr-72	347	12	rehman	rehman	PROPN
afbr-72	347	13	,	,	PUNCT
afbr-72	347	14	s.s.f.u	s.s.f.u	PROPN
afbr-72	347	15	.	.	PROPN
afbr-72	347	16	,	,	PUNCT
afbr-72	347	17	(	(	PUNCT
afbr-72	347	18	2013	2013	NUM
afbr-72	347	19	)	)	PUNCT
afbr-72	347	20	.	.	PUNCT
afbr-72	348	1	relationship	relationship	NOUN
afbr-72	348	2	between	between	ADP
afbr-72	348	3	financial	financial	ADJ
afbr-72	348	4	leverage	leverage	NOUN
afbr-72	348	5	and	and	CCONJ
afbr-72	348	6	financial	financial	ADJ
afbr-72	348	7	performance	performance	NOUN
afbr-72	348	8	:	:	PUNCT
afbr-72	348	9	empirical	empirical	ADJ
afbr-72	348	10	evidence	evidence	NOUN
afbr-72	348	11	of	of	ADP
afbr-72	348	12	listed	list	VERB
afbr-72	348	13	sugar	sugar	NOUN
afbr-72	348	14	companies	company	NOUN
afbr-72	348	15	of	of	ADP
afbr-72	348	16	pakistan	pakistan	PROPN
afbr-72	348	17	.	.	PUNCT
afbr-72	349	1	global	global	ADJ
afbr-72	349	2	journal	journal	PROPN
afbr-72	349	3	of	of	ADP
afbr-72	349	4	management	management	NOUN
afbr-72	349	5	and	and	CCONJ
afbr-72	349	6	business	business	NOUN
afbr-72	349	7	research	research	NOUN
afbr-72	349	8	finance	finance	NOUN
afbr-72	349	9	,	,	PUNCT
afbr-72	349	10	13	13	NUM
afbr-72	349	11	(	(	PUNCT
afbr-72	349	12	8)	8)	NUM
afbr-72	349	13	,	,	PUNCT
afbr-72	349	14	3340	3340	NUM
afbr-72	349	15	.	.	PUNCT
afbr-72	350	1	saleh	saleh	NOUN
afbr-72	350	2	,	,	PUNCT
afbr-72	350	3	w.	w.	PROPN
afbr-72	350	4	,	,	PUNCT
afbr-72	350	5	(	(	PUNCT
afbr-72	350	6	2007	2007	NUM
afbr-72	350	7	)	)	PUNCT
afbr-72	350	8	earning	earning	NOUN
afbr-72	350	9	-	-	PUNCT
afbr-72	350	10	to	to	ADP
afbr-72	350	11	-	-	PUNCT
afbr-72	350	12	price	price	NOUN
afbr-72	350	13	,	,	PUNCT
afbr-72	350	14	dividend	dividend	NOUN
afbr-72	350	15	-	-	PUNCT
afbr-72	350	16	to	to	ADP
afbr-72	350	17	-	-	PUNCT
afbr-72	350	18	price	price	NOUN
afbr-72	350	19	,	,	PUNCT
afbr-72	350	20	firm	firm	ADJ
afbr-72	350	21	growth	growth	NOUN
afbr-72	350	22	and	and	CCONJ
afbr-72	350	23	stock	stock	NOUN
afbr-72	350	24	returns	return	NOUN
afbr-72	350	25	,	,	PUNCT
afbr-72	350	26	jordan	jordan	PROPN
afbr-72	350	27	journals	journal	NOUN
afbr-72	350	28	of	of	ADP
afbr-72	350	29	business	business	NOUN
afbr-72	350	30	administration	administration	NOUN
afbr-72	350	31	,	,	PUNCT
afbr-72	350	32	5(3	5(3	NUM
afbr-72	350	33	)	)	PUNCT
afbr-72	350	34	,	,	PUNCT
afbr-72	350	35	59	59	NUM
afbr-72	350	36	-	-	SYM
afbr-72	350	37	79	79	NUM
afbr-72	350	38	thaddeus	thaddeus	NOUN
afbr-72	350	39	,	,	PUNCT
afbr-72	350	40	e.o	e.o	PROPN
afbr-72	350	41	.	.	PROPN
afbr-72	350	42	,	,	PUNCT
afbr-72	350	43	&	&	CCONJ
afbr-72	350	44	chigbu	chigbu	PROPN
afbr-72	350	45	,	,	PUNCT
afbr-72	350	46	e.	e.	PROPN
afbr-72	350	47	e.	e.	PROPN
afbr-72	350	48	,	,	PUNCT
afbr-72	350	49	(	(	PUNCT
afbr-72	350	50	2012	2012	NUM
afbr-72	350	51	)	)	PUNCT
afbr-72	350	52	.	.	PUNCT
afbr-72	351	1	analysis	analysis	NOUN
afbr-72	351	2	of	of	ADP
afbr-72	351	3	effect	effect	NOUN
afbr-72	351	4	of	of	ADP
afbr-72	351	5	financing	finance	VERB
afbr-72	351	6	leverage	leverage	NOUN
afbr-72	351	7	on	on	ADP
afbr-72	351	8	bank	bank	NOUN
afbr-72	351	9	performance	performance	NOUN
afbr-72	351	10	:	:	PUNCT
afbr-72	351	11	evidence	evidence	NOUN
afbr-72	351	12	from	from	ADP
afbr-72	351	13	nigeria	nigeria	PROPN
afbr-72	351	14	.	.	PUNCT
afbr-72	352	1	journal	journal	PROPN
afbr-72	352	2	of	of	ADP
afbr-72	352	3	public	public	ADJ
afbr-72	352	4	administration	administration	NOUN
afbr-72	352	5	and	and	CCONJ
afbr-72	352	6	governance	governance	NOUN
afbr-72	352	7	,	,	PUNCT
afbr-72	352	8	2	2	NUM
afbr-72	352	9	(	(	PUNCT
afbr-72	352	10	4	4	NUM
afbr-72	352	11	)	)	PUNCT
afbr-72	352	12	,	,	PUNCT
afbr-72	352	13	178187	178187	NUM
afbr-72	352	14	.	.	PUNCT
afbr-72	353	1	tian	tian	ADJ
afbr-72	353	2	,	,	PUNCT
afbr-72	353	3	g.g	g.g	PROPN
afbr-72	353	4	.	.	PROPN
afbr-72	353	5	,	,	PUNCT
afbr-72	353	6	&	&	CCONJ
afbr-72	353	7	zeitun	zeitun	PROPN
afbr-72	353	8	,	,	PUNCT
afbr-72	353	9	r.	r.	PROPN
afbr-72	353	10	,	,	PUNCT
afbr-72	353	11	(	(	PUNCT
afbr-72	353	12	2007	2007	NUM
afbr-72	353	13	)	)	PUNCT
afbr-72	353	14	.	.	PUNCT
afbr-72	354	1	capital	capital	NOUN
afbr-72	354	2	structure	structure	NOUN
afbr-72	354	3	and	and	CCONJ
afbr-72	354	4	corporate	corporate	ADJ
afbr-72	354	5	performance	performance	NOUN
afbr-72	354	6	:	:	PUNCT
afbr-72	354	7	evidence	evidence	NOUN
afbr-72	354	8	from	from	ADP
afbr-72	354	9	jordan	jordan	PROPN
afbr-72	354	10	.	.	PUNCT
afbr-72	355	1	prime	prime	PROPN
afbr-72	355	2	equity	equity	PROPN
afbr-72	355	3	,	,	PUNCT
afbr-72	355	4	leveraged	leveraged	ADJ
afbr-72	355	5	structure	structure	NOUN
afbr-72	355	6	and	and	CCONJ
afbr-72	355	7	corporate	corporate	ADJ
afbr-72	355	8	earnings	earning	NOUN
afbr-72	355	9	in	in	ADP
afbr-72	355	10	nigeria	nigeria	PROPN
afbr-72	355	11	:	:	PUNCT
afbr-72	355	12	a	a	DET
afbr-72	355	13	comparative	comparative	ADJ
afbr-72	355	14	analysis	analysis	NOUN
afbr-72	355	15	lucky	lucky	ADJ
afbr-72	355	16	anyike	anyike	ADP
afbr-72	355	17	lucky	lucky	ADJ
afbr-72	355	18	and	and	CCONJ
afbr-72	355	19	akobundu	akobundu	ADJ
afbr-72	355	20	charles	charle	NOUN
afbr-72	355	21	echewodo	echewodo	NOUN
afbr-72	355	22	40	40	NUM
afbr-72	355	23	australian	australian	ADJ
afbr-72	355	24	,	,	PUNCT
afbr-72	355	25	accounting	accounting	NOUN
afbr-72	355	26	,	,	PUNCT
afbr-72	355	27	business	business	NOUN
afbr-72	355	28	and	and	CCONJ
afbr-72	355	29	finance	finance	NOUN
afbr-72	355	30	journal	journal	NOUN
afbr-72	355	31	,	,	PUNCT
afbr-72	355	32	1(4	1(4	NUM
afbr-72	355	33	)	)	PUNCT
afbr-72	355	34	,	,	PUNCT
afbr-72	355	35	4053	4053	NUM
afbr-72	355	36	.	.	PUNCT
afbr-72	356	1	ujah	ujah	PROPN
afbr-72	356	2	,	,	PUNCT
afbr-72	356	3	u.	u.	PROPN
afbr-72	356	4	,	,	PUNCT
afbr-72	356	5	&	&	CCONJ
afbr-72	356	6	brusa	brusa	PROPN
afbr-72	356	7	,	,	PUNCT
afbr-72	356	8	o.	o.	PROPN
afbr-72	356	9	,	,	PUNCT
afbr-72	356	10	(	(	PUNCT
afbr-72	356	11	2013	2013	NUM
afbr-72	356	12	)	)	PUNCT
afbr-72	356	13	.	.	PUNCT
afbr-72	357	1	the	the	DET
afbr-72	357	2	effect	effect	NOUN
afbr-72	357	3	of	of	ADP
afbr-72	357	4	financial	financial	ADJ
afbr-72	357	5	leverage	leverage	NOUN
afbr-72	357	6	and	and	CCONJ
afbr-72	357	7	cash	cash	NOUN
afbr-72	357	8	flow	flow	NOUN
afbr-72	357	9	volatility	volatility	NOUN
afbr-72	357	10	on	on	ADP
afbr-72	357	11	earnings	earning	NOUN
afbr-72	357	12	management	management	NOUN
afbr-72	357	13	.	.	PUNCT
afbr-72	358	1	texas	texas	PROPN
afbr-72	358	2	a	a	PRON
afbr-72	358	3	&	&	CCONJ
afbr-72	358	4	m	m	PROPN
afbr-72	358	5	international	international	PROPN
afbr-72	358	6	university	university	PROPN
afbr-72	358	7	.	.	PUNCT
afbr-72	359	1	velnampy	velnampy	PROPN
afbr-72	359	2	,	,	PUNCT
afbr-72	359	3	t.	t.	PROPN
afbr-72	359	4	,	,	PUNCT
afbr-72	359	5	&	&	CCONJ
afbr-72	359	6	niresh	niresh	PROPN
afbr-72	359	7	,	,	PUNCT
afbr-72	359	8	j.	j.	PROPN
afbr-72	359	9	a.	a.	PROPN
afbr-72	359	10	,	,	PUNCT
afbr-72	359	11	(	(	PUNCT
afbr-72	359	12	2012	2012	NUM
afbr-72	359	13	)	)	PUNCT
afbr-72	359	14	.	.	PUNCT
afbr-72	360	1	the	the	DET
afbr-72	360	2	relationship	relationship	NOUN
afbr-72	360	3	between	between	ADP
afbr-72	360	4	capital	capital	NOUN
afbr-72	360	5	structure	structure	NOUN
afbr-72	360	6	and	and	CCONJ
afbr-72	360	7	profitability	profitability	NOUN
afbr-72	360	8	.	.	PUNCT
afbr-72	361	1	global	global	ADJ
afbr-72	361	2	journal	journal	PROPN
afbr-72	361	3	of	of	ADP
afbr-72	361	4	management	management	NOUN
afbr-72	361	5	and	and	CCONJ
afbr-72	361	6	business	business	NOUN
afbr-72	361	7	research	research	NOUN
afbr-72	361	8	,	,	PUNCT
afbr-72	361	9	12	12	NUM
afbr-72	361	10	(	(	PUNCT
afbr-72	361	11	13	13	NUM
afbr-72	361	12	)	)	PUNCT
afbr-72	361	13	,	,	PUNCT
afbr-72	361	14	6773	6773	NUM
afbr-72	361	15	.	.	PUNCT
afbr-72	362	1	copyrights	copyright	VERB
afbr-72	362	2	copyright	copyright	NOUN
afbr-72	362	3	for	for	ADP
afbr-72	362	4	this	this	DET
afbr-72	362	5	article	article	NOUN
afbr-72	362	6	is	be	AUX
afbr-72	362	7	retained	retain	VERB
afbr-72	362	8	by	by	ADP
afbr-72	362	9	the	the	DET
afbr-72	362	10	author(s	author(s	PROPN
afbr-72	362	11	)	)	PUNCT
afbr-72	362	12	,	,	PUNCT
afbr-72	362	13	with	with	ADP
afbr-72	362	14	first	first	ADJ
afbr-72	362	15	publication	publication	NOUN
afbr-72	362	16	rights	right	NOUN
afbr-72	362	17	granted	grant	VERB
afbr-72	362	18	to	to	ADP
afbr-72	362	19	the	the	DET
afbr-72	362	20	journal	journal	NOUN
afbr-72	362	21	.	.	PUNCT