id	sid	tid	token	lemma	pos
issue-1803	1	1	baltic	baltic	PROPN
issue-1803	1	2	journal	journal	PROPN
issue-1803	1	3	of	of	ADP
issue-1803	1	4	economic	economic	ADJ
issue-1803	1	5	studies	study	NOUN
issue-1803	1	6	53	53	NUM
issue-1803	1	7	vol	vol	NOUN
issue-1803	1	8	.	.	PROPN
issue-1803	1	9	8	8	NUM
issue-1803	2	1	no	no	NOUN
issue-1803	2	2	.	.	NOUN
issue-1803	3	1	3	3	NUM
issue-1803	3	2	,	,	PUNCT
issue-1803	3	3	2022	2022	NUM
issue-1803	3	4	1	1	NUM
issue-1803	3	5	taras	taras	PROPN
issue-1803	3	6	shevchenko	shevchenko	PROPN
issue-1803	3	7	national	national	PROPN
issue-1803	3	8	university	university	PROPN
issue-1803	3	9	of	of	ADP
issue-1803	3	10	kyiv	kyiv	PROPN
issue-1803	3	11	,	,	PUNCT
issue-1803	3	12	ukraine	ukraine	NOUN
issue-1803	3	13	(	(	PUNCT
issue-1803	3	14	corresponding	correspond	VERB
issue-1803	3	15	author	author	NOUN
issue-1803	3	16	)	)	PUNCT
issue-1803	3	17	e	e	NOUN
issue-1803	3	18	-	-	NOUN
issue-1803	3	19	mail	mail	NOUN
issue-1803	3	20	:	:	PUNCT
issue-1803	4	1	pavlo.dziuba@gmail.com	pavlo.dziuba@gmail.com	X
issue-1803	4	2	orcid	orcid	NOUN
issue-1803	4	3	:	:	PUNCT
issue-1803	4	4	https://orcid.org/0000-0003-2932-0908	https://orcid.org/0000-0003-2932-0908	ADJ
issue-1803	4	5	researcherid	researcherid	NOUN
issue-1803	4	6	:	:	PUNCT
issue-1803	4	7	abe-3572	abe-3572	NOUN
issue-1803	4	8	-	-	PUNCT
issue-1803	4	9	2021	2021	NUM
issue-1803	4	10	2	2	NUM
issue-1803	4	11	taras	taras	PROPN
issue-1803	4	12	shevchenko	shevchenko	PROPN
issue-1803	4	13	national	national	PROPN
issue-1803	4	14	university	university	PROPN
issue-1803	4	15	of	of	ADP
issue-1803	4	16	kyiv	kyiv	PROPN
issue-1803	4	17	,	,	PUNCT
issue-1803	4	18	ukraine	ukraine	ADJ
issue-1803	4	19	e	e	NOUN
issue-1803	4	20	-	-	NOUN
issue-1803	4	21	mail	mail	NOUN
issue-1803	4	22	:	:	PUNCT
issue-1803	4	23	gdarja03@gmail.com	gdarja03@gmail.com	X
issue-1803	4	24	orcid	orcid	NOUN
issue-1803	4	25	:	:	PUNCT
issue-1803	4	26	https://orcid.org/0000-0003-4734-4268	https://orcid.org/0000-0003-4734-4268	PROPN
issue-1803	4	27	researcherid	researcherid	NOUN
issue-1803	4	28	:	:	PUNCT
issue-1803	4	29	afg-5478	afg-5478	NOUN
issue-1803	4	30	-	-	PUNCT
issue-1803	4	31	2022	2022	NUM
issue-1803	4	32	3	3	NUM
issue-1803	4	33	taras	taras	PROPN
issue-1803	4	34	shevchenko	shevchenko	PROPN
issue-1803	4	35	national	national	PROPN
issue-1803	4	36	university	university	PROPN
issue-1803	4	37	of	of	ADP
issue-1803	4	38	kyiv	kyiv	PROPN
issue-1803	4	39	,	,	PUNCT
issue-1803	4	40	ukraine	ukraine	ADJ
issue-1803	4	41	e	e	NOUN
issue-1803	4	42	-	-	NOUN
issue-1803	4	43	mail	mail	NOUN
issue-1803	4	44	:	:	PUNCT
issue-1803	4	45	shtogrin.k@gmail.com	shtogrin.k@gmail.com	X
issue-1803	4	46	orcid	orcid	NOUN
issue-1803	4	47	:	:	PUNCT
issue-1803	4	48	https://orcid.org/0000-0002-7431-9810	https://orcid.org/0000-0002-7431-9810	PROPN
issue-1803	4	49	researcherid	researcherid	NOUN
issue-1803	4	50	:	:	PUNCT
issue-1803	4	51	abc-5852	abc-5852	NOUN
issue-1803	4	52	-	-	PUNCT
issue-1803	4	53	2021	2021	NUM
issue-1803	4	54	doi	doi	NOUN
issue-1803	4	55	:	:	PUNCT
issue-1803	4	56	https://doi.org/10.30525/2256-0742/2022-8-3-53-64	https://doi.org/10.30525/2256-0742/2022-8-3-53-64	ADJ
issue-1803	4	57	risk	risk	NOUN
issue-1803	4	58	,	,	PUNCT
issue-1803	4	59	return	return	NOUN
issue-1803	4	60	and	and	CCONJ
issue-1803	4	61	international	international	ADJ
issue-1803	4	62	portfolio	portfolio	NOUN
issue-1803	4	63	diversification	diversification	NOUN
issue-1803	4	64	:	:	PUNCT
issue-1803	4	65	k	k	X
issue-1803	4	66	-	-	PUNCT
issue-1803	4	67	means	mean	VERB
issue-1803	4	68	clustering	cluster	VERB
issue-1803	4	69	data	datum	NOUN
issue-1803	4	70	pavlo	pavlo	PROPN
issue-1803	4	71	dziuba1	dziuba1	PROPN
issue-1803	4	72	,	,	PUNCT
issue-1803	4	73	darya	darya	PROPN
issue-1803	4	74	glukhova2	glukhova2	PROPN
issue-1803	4	75	,	,	PUNCT
issue-1803	4	76	kyryl	kyryl	PROPN
issue-1803	4	77	shtogrin3	shtogrin3	PROPN
issue-1803	4	78	abstract	abstract	NOUN
issue-1803	4	79	.	.	PUNCT
issue-1803	5	1	the	the	DET
issue-1803	5	2	work	work	NOUN
issue-1803	5	3	is	be	AUX
issue-1803	5	4	devoted	devote	VERB
issue-1803	5	5	to	to	ADP
issue-1803	5	6	the	the	DET
issue-1803	5	7	study	study	NOUN
issue-1803	5	8	of	of	ADP
issue-1803	5	9	the	the	DET
issue-1803	5	10	international	international	ADJ
issue-1803	5	11	investment	investment	NOUN
issue-1803	5	12	portfolio	portfolio	NOUN
issue-1803	5	13	,	,	PUNCT
issue-1803	5	14	its	its	PRON
issue-1803	5	15	features	feature	NOUN
issue-1803	5	16	such	such	ADJ
issue-1803	5	17	as	as	ADP
issue-1803	5	18	risk	risk	NOUN
issue-1803	5	19	,	,	PUNCT
issue-1803	5	20	profitability	profitability	NOUN
issue-1803	5	21	and	and	CCONJ
issue-1803	5	22	the	the	DET
issue-1803	5	23	level	level	NOUN
issue-1803	5	24	of	of	ADP
issue-1803	5	25	international	international	ADJ
issue-1803	5	26	diversification	diversification	NOUN
issue-1803	5	27	,	,	PUNCT
issue-1803	5	28	as	as	ADV
issue-1803	5	29	well	well	ADV
issue-1803	5	30	as	as	ADP
issue-1803	5	31	global	global	ADJ
issue-1803	5	32	flows	flow	NOUN
issue-1803	5	33	of	of	ADP
issue-1803	5	34	portfolio	portfolio	NOUN
issue-1803	5	35	investments	investment	NOUN
issue-1803	5	36	.	.	PUNCT
issue-1803	6	1	the	the	DET
issue-1803	6	2	methodology	methodology	NOUN
issue-1803	6	3	of	of	ADP
issue-1803	6	4	the	the	DET
issue-1803	6	5	work	work	NOUN
issue-1803	6	6	is	be	AUX
issue-1803	6	7	as	as	SCONJ
issue-1803	6	8	follows	follow	VERB
issue-1803	6	9	.	.	PUNCT
issue-1803	7	1	the	the	DET
issue-1803	7	2	paper	paper	NOUN
issue-1803	7	3	develops	develop	VERB
issue-1803	7	4	k	k	NOUN
issue-1803	7	5	-	-	PUNCT
issue-1803	7	6	means	mean	VERB
issue-1803	7	7	clustering	clustering	NOUN
issue-1803	7	8	model	model	NOUN
issue-1803	7	9	to	to	PART
issue-1803	7	10	study	study	VERB
issue-1803	7	11	the	the	DET
issue-1803	7	12	patterns	pattern	NOUN
issue-1803	7	13	of	of	ADP
issue-1803	7	14	global	global	ADJ
issue-1803	7	15	portfolio	portfolio	NOUN
issue-1803	7	16	investment	investment	NOUN
issue-1803	7	17	flows	flow	NOUN
issue-1803	7	18	and	and	CCONJ
issue-1803	7	19	equity	equity	NOUN
issue-1803	7	20	markets	market	NOUN
issue-1803	7	21	.	.	PUNCT
issue-1803	8	1	the	the	DET
issue-1803	8	2	model	model	NOUN
issue-1803	8	3	groups	group	NOUN
issue-1803	8	4	30	30	NUM
issue-1803	8	5	developed	develop	VERB
issue-1803	8	6	and	and	CCONJ
issue-1803	8	7	emerging	emerge	VERB
issue-1803	8	8	stock	stock	NOUN
issue-1803	8	9	markets	market	NOUN
issue-1803	8	10	according	accord	VERB
issue-1803	8	11	to	to	ADP
issue-1803	8	12	three	three	NUM
issue-1803	8	13	variables	variable	NOUN
issue-1803	8	14	:	:	PUNCT
issue-1803	8	15	return	return	NOUN
issue-1803	8	16	,	,	PUNCT
issue-1803	8	17	risk	risk	NOUN
issue-1803	8	18	and	and	CCONJ
issue-1803	8	19	the	the	DET
issue-1803	8	20	level	level	NOUN
issue-1803	8	21	of	of	ADP
issue-1803	8	22	international	international	ADJ
issue-1803	8	23	diversification	diversification	NOUN
issue-1803	8	24	.	.	PUNCT
issue-1803	9	1	thus	thus	ADV
issue-1803	9	2	,	,	PUNCT
issue-1803	9	3	the	the	DET
issue-1803	9	4	main	main	ADJ
issue-1803	9	5	purpose	purpose	NOUN
issue-1803	9	6	of	of	ADP
issue-1803	9	7	this	this	DET
issue-1803	9	8	paper	paper	NOUN
issue-1803	9	9	is	be	AUX
issue-1803	9	10	to	to	PART
issue-1803	9	11	investigate	investigate	VERB
issue-1803	9	12	different	different	ADJ
issue-1803	9	13	stock	stock	NOUN
issue-1803	9	14	markets	market	NOUN
issue-1803	9	15	on	on	ADP
issue-1803	9	16	a	a	DET
issue-1803	9	17	global	global	ADJ
issue-1803	9	18	scale	scale	NOUN
issue-1803	9	19	through	through	ADP
issue-1803	9	20	an	an	DET
issue-1803	9	21	in	in	ADP
issue-1803	9	22	-	-	PUNCT
issue-1803	9	23	depth	depth	NOUN
issue-1803	9	24	analysis	analysis	NOUN
issue-1803	9	25	of	of	ADP
issue-1803	9	26	the	the	DET
issue-1803	9	27	respective	respective	ADJ
issue-1803	9	28	market	market	NOUN
issue-1803	9	29	portfolios	portfolio	NOUN
issue-1803	9	30	and	and	CCONJ
issue-1803	9	31	their	their	PRON
issue-1803	9	32	measures	measure	NOUN
issue-1803	9	33	of	of	ADP
issue-1803	9	34	risk	risk	NOUN
issue-1803	9	35	,	,	PUNCT
issue-1803	9	36	return	return	NOUN
issue-1803	9	37	and	and	CCONJ
issue-1803	9	38	international	international	ADJ
issue-1803	9	39	diversification	diversification	NOUN
issue-1803	9	40	,	,	PUNCT
issue-1803	9	41	as	as	ADV
issue-1803	9	42	well	well	ADV
issue-1803	9	43	as	as	ADP
issue-1803	9	44	their	their	PRON
issue-1803	9	45	interrelationships	interrelationship	NOUN
issue-1803	9	46	.	.	PUNCT
issue-1803	10	1	the	the	DET
issue-1803	10	2	researcher	researcher	NOUN
issue-1803	10	3	develops	develop	VERB
issue-1803	10	4	and	and	CCONJ
issue-1803	10	5	builds	build	VERB
issue-1803	10	6	the	the	DET
issue-1803	10	7	model	model	NOUN
issue-1803	10	8	in	in	ADP
issue-1803	10	9	such	such	DET
issue-1803	10	10	a	a	DET
issue-1803	10	11	way	way	NOUN
issue-1803	10	12	as	as	SCONJ
issue-1803	10	13	to	to	PART
issue-1803	10	14	either	either	CCONJ
issue-1803	10	15	confirm	confirm	VERB
issue-1803	10	16	or	or	CCONJ
issue-1803	10	17	refute	refute	VERB
issue-1803	10	18	the	the	DET
issue-1803	10	19	hypotheses	hypothesis	NOUN
issue-1803	10	20	put	put	VERB
issue-1803	10	21	forward	forward	ADV
issue-1803	10	22	.	.	PUNCT
issue-1803	11	1	the	the	DET
issue-1803	11	2	results	result	NOUN
issue-1803	11	3	of	of	ADP
issue-1803	11	4	the	the	DET
issue-1803	11	5	study	study	NOUN
issue-1803	11	6	demonstrate	demonstrate	VERB
issue-1803	11	7	the	the	DET
issue-1803	11	8	following	follow	VERB
issue-1803	11	9	results	result	NOUN
issue-1803	11	10	,	,	PUNCT
issue-1803	11	11	which	which	PRON
issue-1803	11	12	present	present	ADJ
issue-1803	11	13	opportunities	opportunity	NOUN
issue-1803	11	14	for	for	ADP
issue-1803	11	15	further	further	ADJ
issue-1803	11	16	research	research	NOUN
issue-1803	11	17	.	.	PUNCT
issue-1803	12	1	the	the	DET
issue-1803	12	2	study	study	NOUN
issue-1803	12	3	supports	support	VERB
issue-1803	12	4	the	the	DET
issue-1803	12	5	hypothesis	hypothesis	NOUN
issue-1803	12	6	that	that	SCONJ
issue-1803	12	7	portfolios	portfolio	NOUN
issue-1803	12	8	of	of	ADP
issue-1803	12	9	investors	investor	NOUN
issue-1803	12	10	from	from	ADP
issue-1803	12	11	developed	develop	VERB
issue-1803	12	12	stock	stock	NOUN
issue-1803	12	13	markets	market	NOUN
issue-1803	12	14	have	have	VERB
issue-1803	12	15	a	a	DET
issue-1803	12	16	better	well	ADJ
issue-1803	12	17	level	level	NOUN
issue-1803	12	18	of	of	ADP
issue-1803	12	19	international	international	ADJ
issue-1803	12	20	diversification	diversification	NOUN
issue-1803	12	21	than	than	ADP
issue-1803	12	22	portfolios	portfolio	NOUN
issue-1803	12	23	of	of	ADP
issue-1803	12	24	investors	investor	NOUN
issue-1803	12	25	from	from	ADP
issue-1803	12	26	emerging	emerge	VERB
issue-1803	12	27	stock	stock	NOUN
issue-1803	12	28	markets	market	NOUN
issue-1803	12	29	.	.	PUNCT
issue-1803	13	1	however	however	ADV
issue-1803	13	2	,	,	PUNCT
issue-1803	13	3	there	there	PRON
issue-1803	13	4	is	be	VERB
issue-1803	13	5	high	high	ADJ
issue-1803	13	6	withingroup	withingroup	ADJ
issue-1803	13	7	variation	variation	NOUN
issue-1803	13	8	in	in	ADP
issue-1803	13	9	the	the	DET
issue-1803	13	10	levels	level	NOUN
issue-1803	13	11	of	of	ADP
issue-1803	13	12	international	international	ADJ
issue-1803	13	13	diversification	diversification	NOUN
issue-1803	13	14	among	among	ADP
issue-1803	13	15	developed	develop	VERB
issue-1803	13	16	markets	market	NOUN
issue-1803	13	17	.	.	PUNCT
issue-1803	14	1	there	there	PRON
issue-1803	14	2	are	be	VERB
issue-1803	14	3	three	three	NUM
issue-1803	14	4	groups	group	NOUN
issue-1803	14	5	of	of	ADP
issue-1803	14	6	developed	develop	VERB
issue-1803	14	7	markets	market	NOUN
issue-1803	14	8	based	base	VERB
issue-1803	14	9	on	on	ADP
issue-1803	14	10	the	the	DET
issue-1803	14	11	level	level	NOUN
issue-1803	14	12	of	of	ADP
issue-1803	14	13	international	international	ADJ
issue-1803	14	14	diversification	diversification	NOUN
issue-1803	14	15	of	of	ADP
issue-1803	14	16	investors	investor	NOUN
issue-1803	14	17	in	in	ADP
issue-1803	14	18	their	their	PRON
issue-1803	14	19	respective	respective	ADJ
issue-1803	14	20	markets	market	NOUN
issue-1803	14	21	:	:	PUNCT
issue-1803	14	22	low	low	ADJ
issue-1803	14	23	-	-	PUNCT
issue-1803	14	24	level	level	NOUN
issue-1803	14	25	markets	market	NOUN
issue-1803	14	26	(	(	PUNCT
issue-1803	14	27	ca	ca	NOUN
issue-1803	14	28	.	.	NOUN
issue-1803	15	1	22	22	NUM
issue-1803	15	2	%	%	NOUN
issue-1803	15	3	)	)	PUNCT
issue-1803	16	1	;	;	PUNCT
issue-1803	16	2	mid	mid	ADJ
issue-1803	16	3	-	-	ADJ
issue-1803	16	4	level	level	ADJ
issue-1803	16	5	markets	market	NOUN
issue-1803	16	6	(	(	PUNCT
issue-1803	16	7	43	43	NUM
issue-1803	16	8	%	%	NOUN
issue-1803	16	9	)	)	PUNCT
issue-1803	16	10	;	;	PUNCT
issue-1803	16	11	and	and	CCONJ
issue-1803	16	12	high	high	ADJ
issue-1803	16	13	-	-	PUNCT
issue-1803	16	14	level	level	NOUN
issue-1803	16	15	markets	market	NOUN
issue-1803	16	16	(	(	PUNCT
issue-1803	16	17	ca	ca	NOUN
issue-1803	16	18	.	.	NOUN
issue-1803	17	1	61	61	NUM
issue-1803	17	2	%	%	NOUN
issue-1803	17	3	)	)	PUNCT
issue-1803	17	4	,	,	PUNCT
issue-1803	17	5	while	while	SCONJ
issue-1803	17	6	emerging	emerge	VERB
issue-1803	17	7	markets	market	NOUN
issue-1803	17	8	are	be	AUX
issue-1803	17	9	generally	generally	ADV
issue-1803	17	10	more	more	ADV
issue-1803	17	11	heterogeneous	heterogeneous	ADJ
issue-1803	17	12	.	.	PUNCT
issue-1803	18	1	the	the	DET
issue-1803	18	2	hypothesis	hypothesis	NOUN
issue-1803	18	3	that	that	PRON
issue-1803	18	4	stock	stock	NOUN
issue-1803	18	5	markets	market	NOUN
issue-1803	18	6	that	that	PRON
issue-1803	18	7	are	be	AUX
issue-1803	18	8	domestic	domestic	ADJ
issue-1803	18	9	to	to	ADP
issue-1803	18	10	investors	investor	NOUN
issue-1803	18	11	with	with	ADP
issue-1803	18	12	higher	high	ADJ
issue-1803	18	13	levels	level	NOUN
issue-1803	18	14	of	of	ADP
issue-1803	18	15	international	international	ADJ
issue-1803	18	16	diversification	diversification	NOUN
issue-1803	18	17	have	have	VERB
issue-1803	18	18	higher	high	ADJ
issue-1803	18	19	rates	rate	NOUN
issue-1803	18	20	of	of	ADP
issue-1803	18	21	return	return	NOUN
issue-1803	18	22	and	and	CCONJ
issue-1803	18	23	lower	low	ADJ
issue-1803	18	24	rates	rate	NOUN
issue-1803	18	25	of	of	ADP
issue-1803	18	26	risk	risk	NOUN
issue-1803	18	27	has	have	AUX
issue-1803	18	28	not	not	PART
issue-1803	18	29	been	be	AUX
issue-1803	18	30	confirmed	confirm	VERB
issue-1803	18	31	.	.	PUNCT
issue-1803	19	1	in	in	ADP
issue-1803	19	2	general	general	ADJ
issue-1803	19	3	,	,	PUNCT
issue-1803	19	4	developed	develop	VERB
issue-1803	19	5	stock	stock	NOUN
issue-1803	19	6	markets	market	NOUN
issue-1803	19	7	are	be	AUX
issue-1803	19	8	characterized	characterize	VERB
issue-1803	19	9	by	by	ADP
issue-1803	19	10	higher	high	ADJ
issue-1803	19	11	returns	return	NOUN
issue-1803	19	12	and	and	CCONJ
issue-1803	19	13	international	international	ADJ
issue-1803	19	14	diversification	diversification	NOUN
issue-1803	19	15	with	with	ADP
issue-1803	19	16	lower	low	ADJ
issue-1803	19	17	risk	risk	NOUN
issue-1803	19	18	ratios	ratio	NOUN
issue-1803	19	19	.	.	PUNCT
issue-1803	20	1	nevertheless	nevertheless	ADV
issue-1803	20	2	,	,	PUNCT
issue-1803	20	3	the	the	DET
issue-1803	20	4	higher	high	ADJ
issue-1803	20	5	level	level	NOUN
issue-1803	20	6	of	of	ADP
issue-1803	20	7	international	international	ADJ
issue-1803	20	8	diversification	diversification	NOUN
issue-1803	20	9	in	in	ADP
issue-1803	20	10	developed	develop	VERB
issue-1803	20	11	market	market	NOUN
issue-1803	20	12	portfolios	portfolio	NOUN
issue-1803	20	13	is	be	AUX
issue-1803	20	14	not	not	PART
issue-1803	20	15	always	always	ADV
issue-1803	20	16	accompanied	accompany	VERB
issue-1803	20	17	by	by	ADP
issue-1803	20	18	better	well	ADJ
issue-1803	20	19	stock	stock	NOUN
issue-1803	20	20	performance	performance	NOUN
issue-1803	20	21	.	.	PUNCT
issue-1803	21	1	the	the	DET
issue-1803	21	2	best	good	ADJ
issue-1803	21	3	risk	risk	NOUN
issue-1803	21	4	-	-	PUNCT
issue-1803	21	5	return	return	NOUN
issue-1803	21	6	ratio	ratio	NOUN
issue-1803	21	7	(	(	PUNCT
issue-1803	21	8	return	return	NOUN
issue-1803	21	9	–	–	PUNCT
issue-1803	21	10	0.46	0.46	NUM
issue-1803	21	11	%	%	NOUN
issue-1803	21	12	,	,	PUNCT
issue-1803	21	13	risk	risk	NOUN
issue-1803	21	14	–	–	PUNCT
issue-1803	21	15	5.56	5.56	NUM
issue-1803	21	16	%	%	NOUN
issue-1803	21	17	)	)	PUNCT
issue-1803	21	18	is	be	AUX
issue-1803	21	19	observed	observe	VERB
issue-1803	21	20	for	for	ADP
issue-1803	21	21	markets	market	NOUN
issue-1803	21	22	from	from	ADP
issue-1803	21	23	the	the	DET
issue-1803	21	24	cluster	cluster	NOUN
issue-1803	21	25	with	with	ADP
issue-1803	21	26	an	an	DET
issue-1803	21	27	average	average	ADJ
issue-1803	21	28	level	level	NOUN
issue-1803	21	29	of	of	ADP
issue-1803	21	30	international	international	ADJ
issue-1803	21	31	diversification	diversification	NOUN
issue-1803	21	32	.	.	PUNCT
issue-1803	22	1	while	while	SCONJ
issue-1803	22	2	the	the	DET
issue-1803	22	3	markets	market	NOUN
issue-1803	22	4	in	in	ADP
issue-1803	22	5	the	the	DET
issue-1803	22	6	cluster	cluster	NOUN
issue-1803	22	7	with	with	ADP
issue-1803	22	8	the	the	DET
issue-1803	22	9	highest	high	ADJ
issue-1803	22	10	level	level	NOUN
issue-1803	22	11	of	of	ADP
issue-1803	22	12	international	international	ADJ
issue-1803	22	13	diversification	diversification	NOUN
issue-1803	22	14	have	have	VERB
issue-1803	22	15	unreasonably	unreasonably	ADV
issue-1803	22	16	high	high	ADJ
issue-1803	22	17	-	-	PUNCT
issue-1803	22	18	risk	risk	NOUN
issue-1803	22	19	ratios	ratio	NOUN
issue-1803	22	20	,	,	PUNCT
issue-1803	22	21	which	which	PRON
issue-1803	22	22	are	be	AUX
issue-1803	22	23	not	not	PART
issue-1803	22	24	compensated	compensate	VERB
issue-1803	22	25	by	by	ADP
issue-1803	22	26	better	well	ADJ
issue-1803	22	27	returns	return	NOUN
issue-1803	22	28	.	.	PUNCT
issue-1803	23	1	markets	market	NOUN
issue-1803	23	2	in	in	ADP
issue-1803	23	3	the	the	DET
issue-1803	23	4	cluster	cluster	NOUN
issue-1803	23	5	with	with	ADP
issue-1803	23	6	lower	low	ADJ
issue-1803	23	7	levels	level	NOUN
issue-1803	23	8	of	of	ADP
issue-1803	23	9	international	international	ADJ
issue-1803	23	10	diversification	diversification	NOUN
issue-1803	23	11	have	have	VERB
issue-1803	23	12	unreasonably	unreasonably	ADV
issue-1803	23	13	low	low	ADJ
issue-1803	23	14	rates	rate	NOUN
issue-1803	23	15	of	of	ADP
issue-1803	23	16	return	return	NOUN
issue-1803	23	17	that	that	PRON
issue-1803	23	18	are	be	AUX
issue-1803	23	19	not	not	PART
issue-1803	23	20	accompanied	accompany	VERB
issue-1803	23	21	by	by	ADP
issue-1803	23	22	correspondingly	correspondingly	ADV
issue-1803	23	23	lower	low	ADJ
issue-1803	23	24	risks	risk	NOUN
issue-1803	23	25	.	.	PUNCT
issue-1803	24	1	key	key	ADJ
issue-1803	24	2	words	word	NOUN
issue-1803	24	3	:	:	PUNCT
issue-1803	24	4	home	home	NOUN
issue-1803	24	5	bias	bias	NOUN
issue-1803	24	6	,	,	PUNCT
issue-1803	24	7	international	international	ADJ
issue-1803	24	8	diversification	diversification	NOUN
issue-1803	24	9	,	,	PUNCT
issue-1803	24	10	risk	risk	NOUN
issue-1803	24	11	,	,	PUNCT
issue-1803	24	12	return	return	NOUN
issue-1803	24	13	,	,	PUNCT
issue-1803	24	14	international	international	ADJ
issue-1803	24	15	investment	investment	NOUN
issue-1803	24	16	,	,	PUNCT
issue-1803	24	17	portfolio	portfolio	NOUN
issue-1803	24	18	investment	investment	NOUN
issue-1803	24	19	,	,	PUNCT
issue-1803	24	20	investment	investment	NOUN
issue-1803	24	21	decision	decision	NOUN
issue-1803	24	22	.	.	PUNCT
issue-1803	25	1	jel	jel	PROPN
issue-1803	25	2	classification	classification	NOUN
issue-1803	25	3	:	:	PUNCT
issue-1803	25	4	c38	c38	NOUN
issue-1803	25	5	,	,	PUNCT
issue-1803	25	6	f21	f21	NOUN
issue-1803	25	7	,	,	PUNCT
issue-1803	25	8	f37	f37	NOUN
issue-1803	25	9	,	,	PUNCT
issue-1803	25	10	g11	g11	PROPN
issue-1803	25	11	,	,	PUNCT
issue-1803	25	12	g15	g15	PROPN
issue-1803	25	13	,	,	PUNCT
issue-1803	25	14	g41	g41	NOUN
issue-1803	25	15	1	1	NUM
issue-1803	25	16	.	.	PUNCT
issue-1803	26	1	introduction	introduction	NOUN
issue-1803	26	2	the	the	DET
issue-1803	26	3	field	field	NOUN
issue-1803	26	4	of	of	ADP
issue-1803	26	5	academic	academic	ADJ
issue-1803	26	6	finance	finance	NOUN
issue-1803	26	7	poses	pose	VERB
issue-1803	26	8	various	various	ADJ
issue-1803	26	9	challenges	challenge	NOUN
issue-1803	26	10	to	to	ADP
issue-1803	26	11	researchers	researcher	NOUN
issue-1803	26	12	and	and	CCONJ
issue-1803	26	13	requires	require	VERB
issue-1803	26	14	careful	careful	ADJ
issue-1803	26	15	study	study	NOUN
issue-1803	26	16	of	of	ADP
issue-1803	26	17	financial	financial	ADJ
issue-1803	26	18	phenomena	phenomenon	NOUN
issue-1803	26	19	.	.	PUNCT
issue-1803	27	1	for	for	ADP
issue-1803	27	2	example	example	NOUN
issue-1803	27	3	,	,	PUNCT
issue-1803	27	4	global	global	ADJ
issue-1803	27	5	capital	capital	NOUN
issue-1803	27	6	flows	flow	NOUN
issue-1803	27	7	are	be	AUX
issue-1803	27	8	one	one	NUM
issue-1803	27	9	of	of	ADP
issue-1803	27	10	the	the	DET
issue-1803	27	11	most	most	ADV
issue-1803	27	12	complex	complex	ADJ
issue-1803	27	13	and	and	CCONJ
issue-1803	27	14	fundamental	fundamental	ADJ
issue-1803	27	15	components	component	NOUN
issue-1803	27	16	of	of	ADP
issue-1803	27	17	modern	modern	ADJ
issue-1803	27	18	finance	finance	NOUN
issue-1803	27	19	and	and	CCONJ
issue-1803	27	20	constitute	constitute	VERB
issue-1803	27	21	a	a	DET
issue-1803	27	22	large	large	ADJ
issue-1803	27	23	-	-	PUNCT
issue-1803	27	24	scale	scale	NOUN
issue-1803	27	25	area	area	NOUN
issue-1803	27	26	of	of	ADP
issue-1803	27	27	financial	financial	ADJ
issue-1803	27	28	research	research	NOUN
issue-1803	27	29	.	.	PUNCT
issue-1803	28	1	global	global	ADJ
issue-1803	28	2	capital	capital	NOUN
issue-1803	28	3	flows	flow	NOUN
issue-1803	28	4	can	can	AUX
issue-1803	28	5	be	be	AUX
issue-1803	28	6	divided	divide	VERB
issue-1803	28	7	into	into	ADP
issue-1803	28	8	foreign	foreign	ADJ
issue-1803	28	9	direct	direct	ADJ
issue-1803	28	10	investment	investment	NOUN
issue-1803	28	11	,	,	PUNCT
issue-1803	28	12	international	international	ADJ
issue-1803	28	13	portfolio	portfolio	NOUN
issue-1803	28	14	investment	investment	NOUN
issue-1803	28	15	and	and	CCONJ
issue-1803	28	16	international	international	ADJ
issue-1803	28	17	debt	debt	NOUN
issue-1803	28	18	flows	flow	VERB
issue-1803	28	19	.	.	PUNCT
issue-1803	29	1	the	the	DET
issue-1803	29	2	purpose	purpose	NOUN
issue-1803	29	3	of	of	ADP
issue-1803	29	4	this	this	DET
issue-1803	29	5	article	article	NOUN
issue-1803	29	6	is	be	AUX
issue-1803	29	7	to	to	PART
issue-1803	29	8	explore	explore	VERB
issue-1803	29	9	some	some	DET
issue-1803	29	10	issues	issue	NOUN
issue-1803	29	11	related	relate	VERB
issue-1803	29	12	to	to	ADP
issue-1803	29	13	international	international	ADJ
issue-1803	29	14	portfolio	portfolio	NOUN
issue-1803	29	15	capital	capital	NOUN
issue-1803	29	16	flows	flow	VERB
issue-1803	29	17	.	.	PUNCT
issue-1803	30	1	for	for	ADP
issue-1803	30	2	several	several	ADJ
issue-1803	30	3	decades	decade	NOUN
issue-1803	30	4	there	there	PRON
issue-1803	30	5	has	have	AUX
issue-1803	30	6	been	be	AUX
issue-1803	30	7	an	an	DET
issue-1803	30	8	active	active	ADJ
issue-1803	30	9	growth	growth	NOUN
issue-1803	30	10	of	of	ADP
issue-1803	30	11	global	global	ADJ
issue-1803	30	12	this	this	PRON
issue-1803	30	13	is	be	AUX
issue-1803	30	14	an	an	DET
issue-1803	30	15	open	open	ADJ
issue-1803	30	16	access	access	NOUN
issue-1803	30	17	article	article	NOUN
issue-1803	30	18	,	,	PUNCT
issue-1803	30	19	distributed	distribute	VERB
issue-1803	30	20	under	under	ADP
issue-1803	30	21	the	the	DET
issue-1803	30	22	terms	term	NOUN
issue-1803	30	23	of	of	ADP
issue-1803	30	24	the	the	DET
issue-1803	30	25	creative	creative	ADJ
issue-1803	30	26	commons	common	NOUN
issue-1803	30	27	attribution	attribution	NOUN
issue-1803	30	28	cc	cc	VERB
issue-1803	30	29	by	by	ADP
issue-1803	30	30	4.0	4.0	NUM
issue-1803	30	31	baltic	baltic	ADJ
issue-1803	30	32	journal	journal	NOUN
issue-1803	30	33	of	of	ADP
issue-1803	30	34	economic	economic	ADJ
issue-1803	30	35	studies	study	NOUN
issue-1803	30	36	54	54	NUM
issue-1803	30	37	vol	vol	NOUN
issue-1803	30	38	.	.	PROPN
issue-1803	30	39	8	8	NUM
issue-1803	31	1	no	no	NOUN
issue-1803	31	2	.	.	NOUN
issue-1803	32	1	3	3	NUM
issue-1803	32	2	,	,	PUNCT
issue-1803	32	3	2022	2022	NUM
issue-1803	32	4	portfolio	portfolio	NOUN
issue-1803	32	5	investments	investment	NOUN
issue-1803	32	6	.	.	PUNCT
issue-1803	33	1	this	this	PRON
issue-1803	33	2	has	have	AUX
issue-1803	33	3	been	be	AUX
issue-1803	33	4	made	make	VERB
issue-1803	33	5	possible	possible	ADJ
issue-1803	33	6	by	by	ADP
issue-1803	33	7	the	the	DET
issue-1803	33	8	constant	constant	ADJ
issue-1803	33	9	liberalization	liberalization	NOUN
issue-1803	33	10	of	of	ADP
issue-1803	33	11	capital	capital	NOUN
issue-1803	33	12	markets	market	NOUN
issue-1803	33	13	and	and	CCONJ
issue-1803	33	14	the	the	DET
issue-1803	33	15	internationalization	internationalization	NOUN
issue-1803	33	16	of	of	ADP
issue-1803	33	17	financial	financial	ADJ
issue-1803	33	18	transactions	transaction	NOUN
issue-1803	33	19	.	.	PUNCT
issue-1803	34	1	in	in	ADP
issue-1803	34	2	addition	addition	NOUN
issue-1803	34	3	,	,	PUNCT
issue-1803	34	4	active	active	ADJ
issue-1803	34	5	economic	economic	ADJ
issue-1803	34	6	and	and	CCONJ
issue-1803	34	7	political	political	ADJ
issue-1803	34	8	integration	integration	NOUN
issue-1803	34	9	at	at	ADP
issue-1803	34	10	different	different	ADJ
issue-1803	34	11	levels	level	NOUN
issue-1803	34	12	(	(	PUNCT
issue-1803	34	13	e.g.	e.g.	ADV
issue-1803	34	14	,	,	PUNCT
issue-1803	34	15	the	the	DET
issue-1803	34	16	creation	creation	NOUN
issue-1803	34	17	of	of	ADP
issue-1803	34	18	a	a	DET
issue-1803	34	19	single	single	ADJ
issue-1803	34	20	european	european	ADJ
issue-1803	34	21	currency	currency	NOUN
issue-1803	34	22	)	)	PUNCT
issue-1803	34	23	has	have	AUX
issue-1803	34	24	removed	remove	VERB
issue-1803	34	25	barriers	barrier	NOUN
issue-1803	34	26	to	to	ADP
issue-1803	34	27	capital	capital	NOUN
issue-1803	34	28	flows	flow	NOUN
issue-1803	34	29	.	.	PUNCT
issue-1803	35	1	among	among	ADP
issue-1803	35	2	other	other	ADJ
issue-1803	35	3	reasons	reason	NOUN
issue-1803	35	4	,	,	PUNCT
issue-1803	35	5	the	the	DET
issue-1803	35	6	emergence	emergence	NOUN
issue-1803	35	7	of	of	ADP
issue-1803	35	8	global	global	ADJ
issue-1803	35	9	financial	financial	ADJ
issue-1803	35	10	centers	center	NOUN
issue-1803	35	11	such	such	ADJ
issue-1803	35	12	as	as	ADP
issue-1803	35	13	singapore	singapore	PROPN
issue-1803	35	14	,	,	PUNCT
issue-1803	35	15	dubai	dubai	NOUN
issue-1803	35	16	,	,	PUNCT
issue-1803	35	17	and	and	CCONJ
issue-1803	35	18	luxembourg	luxembourg	PROPN
issue-1803	35	19	,	,	PUNCT
issue-1803	35	20	the	the	DET
issue-1803	35	21	increasing	increase	VERB
issue-1803	35	22	pace	pace	NOUN
issue-1803	35	23	of	of	ADP
issue-1803	35	24	digitalization	digitalization	NOUN
issue-1803	35	25	and	and	CCONJ
issue-1803	35	26	decentralization	decentralization	NOUN
issue-1803	35	27	of	of	ADP
issue-1803	35	28	finance	finance	NOUN
issue-1803	35	29	,	,	PUNCT
issue-1803	35	30	disintermediation	disintermediation	NOUN
issue-1803	35	31	,	,	PUNCT
issue-1803	35	32	and	and	CCONJ
issue-1803	35	33	the	the	DET
issue-1803	35	34	formation	formation	NOUN
issue-1803	35	35	of	of	ADP
issue-1803	35	36	complex	complex	ADJ
issue-1803	35	37	securities	security	NOUN
issue-1803	35	38	and	and	CCONJ
issue-1803	35	39	financial	financial	ADJ
issue-1803	35	40	instruments	instrument	NOUN
issue-1803	35	41	have	have	AUX
issue-1803	35	42	also	also	ADV
issue-1803	35	43	contributed	contribute	VERB
issue-1803	35	44	to	to	ADP
issue-1803	35	45	the	the	DET
issue-1803	35	46	expansion	expansion	NOUN
issue-1803	35	47	of	of	ADP
issue-1803	35	48	portfolio	portfolio	NOUN
issue-1803	35	49	capital	capital	NOUN
issue-1803	35	50	flows	flow	VERB
issue-1803	35	51	.	.	PUNCT
issue-1803	36	1	as	as	ADP
issue-1803	36	2	a	a	DET
issue-1803	36	3	result	result	NOUN
issue-1803	36	4	,	,	PUNCT
issue-1803	36	5	the	the	DET
issue-1803	36	6	total	total	ADJ
issue-1803	36	7	value	value	NOUN
issue-1803	36	8	of	of	ADP
issue-1803	36	9	global	global	ADJ
issue-1803	36	10	portfolio	portfolio	NOUN
issue-1803	36	11	investment	investment	NOUN
issue-1803	36	12	is	be	AUX
issue-1803	36	13	many	many	ADJ
issue-1803	36	14	times	time	NOUN
issue-1803	36	15	greater	great	ADJ
issue-1803	36	16	than	than	ADP
issue-1803	36	17	that	that	PRON
issue-1803	36	18	of	of	ADP
issue-1803	36	19	foreign	foreign	ADJ
issue-1803	36	20	direct	direct	ADJ
issue-1803	36	21	investment	investment	NOUN
issue-1803	36	22	.	.	PUNCT
issue-1803	37	1	however	however	ADV
issue-1803	37	2	,	,	PUNCT
issue-1803	37	3	the	the	DET
issue-1803	37	4	structure	structure	NOUN
issue-1803	37	5	and	and	CCONJ
issue-1803	37	6	dynamics	dynamic	NOUN
issue-1803	37	7	of	of	ADP
issue-1803	37	8	international	international	ADJ
issue-1803	37	9	portfolio	portfolio	NOUN
issue-1803	37	10	investments	investment	NOUN
issue-1803	37	11	proved	prove	VERB
issue-1803	37	12	to	to	PART
issue-1803	37	13	be	be	AUX
issue-1803	37	14	very	very	ADV
issue-1803	37	15	adaptive	adaptive	ADJ
issue-1803	37	16	and	and	CCONJ
issue-1803	37	17	changeable	changeable	ADJ
issue-1803	37	18	.	.	PUNCT
issue-1803	38	1	the	the	DET
issue-1803	38	2	global	global	ADJ
issue-1803	38	3	financial	financial	ADJ
issue-1803	38	4	crisis	crisis	NOUN
issue-1803	38	5	of	of	ADP
issue-1803	38	6	2007–2008	2007–2008	NUM
issue-1803	38	7	,	,	PUNCT
issue-1803	38	8	the	the	DET
issue-1803	38	9	european	european	ADJ
issue-1803	38	10	debt	debt	NOUN
issue-1803	38	11	crisis	crisis	NOUN
issue-1803	38	12	,	,	PUNCT
issue-1803	38	13	the	the	DET
issue-1803	38	14	covid-19	covid-19	PROPN
issue-1803	38	15	pandemics	pandemic	NOUN
issue-1803	38	16	have	have	AUX
issue-1803	38	17	left	leave	VERB
issue-1803	38	18	their	their	PRON
issue-1803	38	19	mark	mark	NOUN
issue-1803	38	20	on	on	ADP
issue-1803	38	21	global	global	ADJ
issue-1803	38	22	portfolio	portfolio	NOUN
issue-1803	38	23	capital	capital	NOUN
issue-1803	38	24	flows	flow	VERB
issue-1803	38	25	.	.	PUNCT
issue-1803	39	1	in	in	ADP
issue-1803	39	2	addition	addition	NOUN
issue-1803	39	3	,	,	PUNCT
issue-1803	39	4	the	the	DET
issue-1803	39	5	processes	process	NOUN
issue-1803	39	6	of	of	ADP
issue-1803	39	7	disintegration	disintegration	NOUN
issue-1803	39	8	and	and	CCONJ
issue-1803	39	9	fragmentation	fragmentation	NOUN
issue-1803	39	10	that	that	PRON
issue-1803	39	11	are	be	AUX
issue-1803	39	12	partly	partly	ADV
issue-1803	39	13	shaping	shape	VERB
issue-1803	39	14	the	the	DET
issue-1803	39	15	global	global	ADJ
issue-1803	39	16	economy	economy	NOUN
issue-1803	39	17	today	today	NOUN
issue-1803	39	18	have	have	AUX
issue-1803	39	19	affected	affect	VERB
issue-1803	39	20	the	the	DET
issue-1803	39	21	international	international	ADJ
issue-1803	39	22	dimension	dimension	NOUN
issue-1803	39	23	of	of	ADP
issue-1803	39	24	portfolio	portfolio	NOUN
issue-1803	39	25	capital	capital	NOUN
issue-1803	39	26	flows	flow	VERB
issue-1803	39	27	.	.	PUNCT
issue-1803	40	1	it	it	PRON
issue-1803	40	2	should	should	AUX
issue-1803	40	3	be	be	AUX
issue-1803	40	4	noted	note	VERB
issue-1803	40	5	that	that	SCONJ
issue-1803	40	6	there	there	PRON
issue-1803	40	7	have	have	AUX
issue-1803	40	8	been	be	AUX
issue-1803	40	9	significant	significant	ADJ
issue-1803	40	10	challenges	challenge	NOUN
issue-1803	40	11	in	in	ADP
issue-1803	40	12	international	international	ADJ
issue-1803	40	13	financial	financial	ADJ
issue-1803	40	14	markets	market	NOUN
issue-1803	40	15	over	over	ADP
issue-1803	40	16	the	the	DET
issue-1803	40	17	past	past	ADJ
issue-1803	40	18	5	5	NUM
issue-1803	40	19	years	year	NOUN
issue-1803	40	20	.	.	PUNCT
issue-1803	41	1	border	border	NOUN
issue-1803	41	2	closures	closure	NOUN
issue-1803	41	3	,	,	PUNCT
issue-1803	41	4	disrupted	disrupt	VERB
issue-1803	41	5	supply	supply	NOUN
issue-1803	41	6	chains	chain	NOUN
issue-1803	41	7	,	,	PUNCT
issue-1803	41	8	a	a	DET
issue-1803	41	9	crisis	crisis	NOUN
issue-1803	41	10	of	of	ADP
issue-1803	41	11	confidence	confidence	NOUN
issue-1803	41	12	and	and	CCONJ
issue-1803	41	13	loss	loss	NOUN
issue-1803	41	14	of	of	ADP
issue-1803	41	15	certainty	certainty	NOUN
issue-1803	41	16	have	have	AUX
issue-1803	41	17	changed	change	VERB
issue-1803	41	18	the	the	DET
issue-1803	41	19	international	international	ADJ
issue-1803	41	20	nature	nature	NOUN
issue-1803	41	21	of	of	ADP
issue-1803	41	22	free	free	ADJ
issue-1803	41	23	flow	flow	NOUN
issue-1803	41	24	of	of	ADP
issue-1803	41	25	capital	capital	NOUN
issue-1803	41	26	.	.	PUNCT
issue-1803	42	1	as	as	ADP
issue-1803	42	2	a	a	DET
issue-1803	42	3	result	result	NOUN
issue-1803	42	4	,	,	PUNCT
issue-1803	42	5	key	key	ADJ
issue-1803	42	6	indicators	indicator	NOUN
issue-1803	42	7	and	and	CCONJ
issue-1803	42	8	characteristics	characteristic	NOUN
issue-1803	42	9	of	of	ADP
issue-1803	42	10	sustainable	sustainable	ADJ
issue-1803	42	11	financial	financial	ADJ
issue-1803	42	12	growth	growth	NOUN
issue-1803	42	13	have	have	AUX
issue-1803	42	14	become	become	VERB
issue-1803	42	15	unstable	unstable	ADJ
issue-1803	42	16	.	.	PUNCT
issue-1803	43	1	moreover	moreover	ADV
issue-1803	43	2	,	,	PUNCT
issue-1803	43	3	financial	financial	ADJ
issue-1803	43	4	markets	market	NOUN
issue-1803	43	5	in	in	ADP
issue-1803	43	6	different	different	ADJ
issue-1803	43	7	countries	country	NOUN
issue-1803	43	8	have	have	AUX
issue-1803	43	9	responded	respond	VERB
issue-1803	43	10	to	to	ADP
issue-1803	43	11	the	the	DET
issue-1803	43	12	aforementioned	aforementioned	ADJ
issue-1803	43	13	challenges	challenge	NOUN
issue-1803	43	14	in	in	ADP
issue-1803	43	15	very	very	ADV
issue-1803	43	16	different	different	ADJ
issue-1803	43	17	ways	way	NOUN
issue-1803	43	18	:	:	PUNCT
issue-1803	43	19	some	some	DET
issue-1803	43	20	markets	market	NOUN
issue-1803	43	21	have	have	AUX
issue-1803	43	22	become	become	VERB
issue-1803	43	23	more	more	ADV
issue-1803	43	24	resilient	resilient	ADJ
issue-1803	43	25	,	,	PUNCT
issue-1803	43	26	while	while	SCONJ
issue-1803	43	27	others	other	NOUN
issue-1803	43	28	have	have	AUX
issue-1803	43	29	gone	go	VERB
issue-1803	43	30	into	into	ADP
issue-1803	43	31	negative	negative	ADJ
issue-1803	43	32	territory	territory	NOUN
issue-1803	43	33	.	.	PUNCT
issue-1803	44	1	the	the	DET
issue-1803	44	2	peculiarities	peculiarity	NOUN
issue-1803	44	3	of	of	ADP
issue-1803	44	4	the	the	DET
issue-1803	44	5	current	current	ADJ
issue-1803	44	6	situation	situation	NOUN
issue-1803	44	7	in	in	ADP
issue-1803	44	8	global	global	ADJ
issue-1803	44	9	capital	capital	NOUN
issue-1803	44	10	flows	flow	NOUN
issue-1803	44	11	require	require	VERB
issue-1803	44	12	a	a	DET
issue-1803	44	13	synergistic	synergistic	ADJ
issue-1803	44	14	formula	formula	NOUN
issue-1803	44	15	to	to	PART
issue-1803	44	16	solve	solve	VERB
issue-1803	44	17	the	the	DET
issue-1803	44	18	problems	problem	NOUN
issue-1803	44	19	that	that	SCONJ
issue-1803	44	20	financial	financial	ADJ
issue-1803	44	21	markets	market	NOUN
issue-1803	44	22	are	be	AUX
issue-1803	44	23	currently	currently	ADV
issue-1803	44	24	facing	face	VERB
issue-1803	44	25	.	.	PUNCT
issue-1803	45	1	in	in	ADP
issue-1803	45	2	-	-	PUNCT
issue-1803	45	3	depth	depth	NOUN
issue-1803	45	4	data	datum	NOUN
issue-1803	45	5	analysis	analysis	NOUN
issue-1803	45	6	and	and	CCONJ
issue-1803	45	7	sound	sound	ADJ
issue-1803	45	8	empirical	empirical	ADJ
issue-1803	45	9	results	result	NOUN
issue-1803	45	10	are	be	AUX
issue-1803	45	11	made	make	VERB
issue-1803	45	12	possible	possible	ADJ
issue-1803	45	13	by	by	ADP
issue-1803	45	14	the	the	DET
issue-1803	45	15	application	application	NOUN
issue-1803	45	16	of	of	ADP
issue-1803	45	17	contemporary	contemporary	ADJ
issue-1803	45	18	findings	finding	NOUN
issue-1803	45	19	by	by	ADP
issue-1803	45	20	cooper	cooper	PROPN
issue-1803	45	21	,	,	PUNCT
issue-1803	45	22	sercu	sercu	NOUN
issue-1803	45	23	,	,	PUNCT
issue-1803	45	24	and	and	CCONJ
issue-1803	45	25	vanpee	vanpee	NOUN
issue-1803	45	26	(	(	PUNCT
issue-1803	45	27	2013	2013	NUM
issue-1803	45	28	)	)	PUNCT
issue-1803	45	29	,	,	PUNCT
issue-1803	45	30	coeurdacier	coeurdacier	NOUN
issue-1803	45	31	and	and	CCONJ
issue-1803	45	32	gourinchas	gourinchas	X
issue-1803	45	33	(	(	PUNCT
issue-1803	45	34	2016	2016	NUM
issue-1803	45	35	)	)	PUNCT
issue-1803	45	36	,	,	PUNCT
issue-1803	45	37	bose	bose	PROPN
issue-1803	45	38	,	,	PUNCT
issue-1803	45	39	macdonald	macdonald	PROPN
issue-1803	45	40	,	,	PUNCT
issue-1803	45	41	and	and	CCONJ
issue-1803	45	42	tsoukas	tsoukas	PROPN
issue-1803	45	43	(	(	PUNCT
issue-1803	45	44	2015	2015	NUM
issue-1803	45	45	)	)	PUNCT
issue-1803	45	46	,	,	PUNCT
issue-1803	45	47	dziuba	dziuba	PROPN
issue-1803	45	48	,	,	PUNCT
issue-1803	45	49	priyatelchuk	priyatelchuk	NOUN
issue-1803	45	50	,	,	PUNCT
issue-1803	45	51	and	and	CCONJ
issue-1803	45	52	rusak	rusak	ADJ
issue-1803	45	53	(	(	PUNCT
issue-1803	45	54	2021	2021	NUM
issue-1803	45	55	)	)	PUNCT
issue-1803	45	56	,	,	PUNCT
issue-1803	45	57	and	and	CCONJ
issue-1803	45	58	others	other	NOUN
issue-1803	45	59	.	.	PUNCT
issue-1803	46	1	with	with	ADP
issue-1803	46	2	this	this	PRON
issue-1803	46	3	in	in	ADP
issue-1803	46	4	mind	mind	NOUN
issue-1803	46	5	,	,	PUNCT
issue-1803	46	6	this	this	DET
issue-1803	46	7	article	article	NOUN
issue-1803	46	8	combines	combine	VERB
issue-1803	46	9	two	two	NUM
issue-1803	46	10	approaches	approach	NOUN
issue-1803	46	11	in	in	ADP
issue-1803	46	12	its	its	PRON
issue-1803	46	13	analysis	analysis	NOUN
issue-1803	46	14	.	.	PUNCT
issue-1803	47	1	the	the	DET
issue-1803	47	2	neoclassical	neoclassical	ADJ
issue-1803	47	3	approach	approach	NOUN
issue-1803	47	4	from	from	ADP
issue-1803	47	5	traditional	traditional	ADJ
issue-1803	47	6	finance	finance	NOUN
issue-1803	47	7	and	and	CCONJ
issue-1803	47	8	the	the	DET
issue-1803	47	9	behavioral	behavioral	ADJ
issue-1803	47	10	approach	approach	NOUN
issue-1803	47	11	from	from	ADP
issue-1803	47	12	behavioral	behavioral	ADJ
issue-1803	47	13	economics	economic	NOUN
issue-1803	47	14	and	and	CCONJ
issue-1803	47	15	finance	finance	NOUN
issue-1803	47	16	.	.	PUNCT
issue-1803	48	1	thus	thus	ADV
issue-1803	48	2	,	,	PUNCT
issue-1803	48	3	the	the	DET
issue-1803	48	4	focus	focus	NOUN
issue-1803	48	5	of	of	ADP
issue-1803	48	6	our	our	PRON
issue-1803	48	7	work	work	NOUN
issue-1803	48	8	is	be	AUX
issue-1803	48	9	on	on	ADP
issue-1803	48	10	the	the	DET
issue-1803	48	11	analysis	analysis	NOUN
issue-1803	48	12	of	of	ADP
issue-1803	48	13	returns	return	NOUN
issue-1803	48	14	,	,	PUNCT
issue-1803	48	15	risk	risk	NOUN
issue-1803	48	16	,	,	PUNCT
issue-1803	48	17	and	and	CCONJ
issue-1803	48	18	the	the	DET
issue-1803	48	19	level	level	NOUN
issue-1803	48	20	of	of	ADP
issue-1803	48	21	international	international	ADJ
issue-1803	48	22	diversification	diversification	NOUN
issue-1803	48	23	of	of	ADP
issue-1803	48	24	the	the	DET
issue-1803	48	25	various	various	ADJ
issue-1803	48	26	markets	market	NOUN
issue-1803	48	27	of	of	ADP
issue-1803	48	28	the	the	DET
issue-1803	48	29	world	world	NOUN
issue-1803	48	30	and	and	CCONJ
issue-1803	48	31	their	their	PRON
issue-1803	48	32	particular	particular	ADJ
issue-1803	48	33	interdependence	interdependence	NOUN
issue-1803	48	34	on	on	ADP
issue-1803	48	35	the	the	DET
issue-1803	48	36	example	example	NOUN
issue-1803	48	37	of	of	ADP
issue-1803	48	38	equities	equity	NOUN
issue-1803	48	39	.	.	PUNCT
issue-1803	49	1	risk	risk	NOUN
issue-1803	49	2	and	and	CCONJ
issue-1803	49	3	return	return	NOUN
issue-1803	49	4	are	be	AUX
issue-1803	49	5	the	the	DET
issue-1803	49	6	two	two	NUM
issue-1803	49	7	most	most	ADV
issue-1803	49	8	fundamental	fundamental	ADJ
issue-1803	49	9	characteristics	characteristic	NOUN
issue-1803	49	10	of	of	ADP
issue-1803	49	11	an	an	DET
issue-1803	49	12	investment	investment	NOUN
issue-1803	49	13	portfolio	portfolio	NOUN
issue-1803	49	14	.	.	PUNCT
issue-1803	50	1	any	any	DET
issue-1803	50	2	portfolio	portfolio	NOUN
issue-1803	50	3	manager	manager	NOUN
issue-1803	50	4	uses	use	VERB
issue-1803	50	5	these	these	DET
issue-1803	50	6	two	two	NUM
issue-1803	50	7	variables	variable	NOUN
issue-1803	50	8	and	and	CCONJ
issue-1803	50	9	their	their	PRON
issue-1803	50	10	ratios	ratio	NOUN
issue-1803	50	11	to	to	PART
issue-1803	50	12	assess	assess	VERB
issue-1803	50	13	portfolio	portfolio	NOUN
issue-1803	50	14	performance	performance	NOUN
issue-1803	50	15	.	.	PUNCT
issue-1803	51	1	the	the	DET
issue-1803	51	2	third	third	ADJ
issue-1803	51	3	variable	variable	NOUN
issue-1803	51	4	,	,	PUNCT
issue-1803	51	5	i.e.	i.e.	X
issue-1803	51	6	,	,	PUNCT
issue-1803	51	7	the	the	DET
issue-1803	51	8	level	level	NOUN
issue-1803	51	9	of	of	ADP
issue-1803	51	10	international	international	ADJ
issue-1803	51	11	diversification	diversification	NOUN
issue-1803	51	12	,	,	PUNCT
issue-1803	51	13	is	be	AUX
issue-1803	51	14	based	base	VERB
issue-1803	51	15	on	on	ADP
issue-1803	51	16	the	the	DET
issue-1803	51	17	phenomenon	phenomenon	NOUN
issue-1803	51	18	of	of	ADP
issue-1803	51	19	home	home	NOUN
issue-1803	51	20	bias	bias	NOUN
issue-1803	51	21	and	and	CCONJ
issue-1803	51	22	represents	represent	VERB
issue-1803	51	23	the	the	DET
issue-1803	51	24	behavioral	behavioral	ADJ
issue-1803	51	25	perspective	perspective	NOUN
issue-1803	51	26	of	of	ADP
issue-1803	51	27	international	international	ADJ
issue-1803	51	28	finance	finance	NOUN
issue-1803	51	29	.	.	PUNCT
issue-1803	52	1	the	the	DET
issue-1803	52	2	work	work	NOUN
issue-1803	52	3	is	be	AUX
issue-1803	52	4	based	base	VERB
issue-1803	52	5	on	on	ADP
issue-1803	52	6	the	the	DET
issue-1803	52	7	development	development	NOUN
issue-1803	52	8	of	of	ADP
issue-1803	52	9	the	the	DET
issue-1803	52	10	k	k	NOUN
issue-1803	52	11	-	-	PUNCT
issue-1803	52	12	means	means	NOUN
issue-1803	52	13	model	model	NOUN
issue-1803	52	14	with	with	ADP
issue-1803	52	15	the	the	DET
issue-1803	52	16	division	division	NOUN
issue-1803	52	17	of	of	ADP
issue-1803	52	18	markets	market	NOUN
issue-1803	52	19	into	into	ADP
issue-1803	52	20	different	different	ADJ
issue-1803	52	21	clusters	cluster	NOUN
issue-1803	52	22	or	or	CCONJ
issue-1803	52	23	groups	group	NOUN
issue-1803	52	24	.	.	PUNCT
issue-1803	53	1	this	this	DET
issue-1803	53	2	type	type	NOUN
issue-1803	53	3	of	of	ADP
issue-1803	53	4	analysis	analysis	NOUN
issue-1803	53	5	allows	allow	VERB
issue-1803	53	6	us	we	PRON
issue-1803	53	7	to	to	PART
issue-1803	53	8	classify	classify	VERB
issue-1803	53	9	data	datum	NOUN
issue-1803	53	10	according	accord	VERB
issue-1803	53	11	to	to	ADP
issue-1803	53	12	variables	variable	NOUN
issue-1803	53	13	of	of	ADP
issue-1803	53	14	different	different	ADJ
issue-1803	53	15	nature	nature	NOUN
issue-1803	53	16	and	and	CCONJ
issue-1803	53	17	specificity	specificity	NOUN
issue-1803	53	18	.	.	PUNCT
issue-1803	54	1	for	for	ADP
issue-1803	54	2	a	a	DET
issue-1803	54	3	number	number	NOUN
issue-1803	54	4	of	of	ADP
issue-1803	54	5	reasons	reason	NOUN
issue-1803	54	6	,	,	PUNCT
issue-1803	54	7	our	our	PRON
issue-1803	54	8	work	work	NOUN
issue-1803	54	9	analyzes	analyze	VERB
issue-1803	54	10	two	two	NUM
issue-1803	54	11	-	-	PUNCT
issue-1803	54	12	cluster	cluster	NOUN
issue-1803	54	13	,	,	PUNCT
issue-1803	54	14	four	four	NUM
issue-1803	54	15	-	-	PUNCT
issue-1803	54	16	cluster	cluster	NOUN
issue-1803	54	17	,	,	PUNCT
issue-1803	54	18	and	and	CCONJ
issue-1803	54	19	five	five	NUM
issue-1803	54	20	-	-	PUNCT
issue-1803	54	21	cluster	cluster	NOUN
issue-1803	54	22	models	model	NOUN
issue-1803	54	23	to	to	PART
issue-1803	54	24	confirm	confirm	VERB
issue-1803	54	25	and/or	and/or	CCONJ
issue-1803	54	26	refute	refute	VERB
issue-1803	54	27	model	model	NOUN
issue-1803	54	28	hypotheses	hypothesis	NOUN
issue-1803	54	29	.	.	PUNCT
issue-1803	55	1	2	2	X
issue-1803	55	2	.	.	X
issue-1803	55	3	literature	literature	NOUN
issue-1803	55	4	review	review	NOUN
issue-1803	55	5	to	to	PART
issue-1803	55	6	begin	begin	VERB
issue-1803	55	7	with	with	ADP
issue-1803	55	8	,	,	PUNCT
issue-1803	55	9	in	in	ADP
issue-1803	55	10	the	the	DET
issue-1803	55	11	1950s	1950	NOUN
issue-1803	55	12	,	,	PUNCT
issue-1803	55	13	markowitz	markowitz	PROPN
issue-1803	55	14	(	(	PUNCT
issue-1803	55	15	1952	1952	NUM
issue-1803	55	16	;	;	PUNCT
issue-1803	55	17	1959	1959	NUM
issue-1803	55	18	)	)	PUNCT
issue-1803	55	19	and	and	CCONJ
issue-1803	55	20	roy	roy	PROPN
issue-1803	55	21	(	(	PUNCT
issue-1803	55	22	1952	1952	NUM
issue-1803	55	23	)	)	PUNCT
issue-1803	55	24	developed	develop	VERB
issue-1803	55	25	the	the	DET
issue-1803	55	26	theory	theory	NOUN
issue-1803	55	27	of	of	ADP
issue-1803	55	28	portfolio	portfolio	NOUN
issue-1803	55	29	selection	selection	NOUN
issue-1803	55	30	,	,	PUNCT
issue-1803	55	31	which	which	PRON
issue-1803	55	32	provided	provide	VERB
issue-1803	55	33	investors	investor	NOUN
issue-1803	55	34	with	with	ADP
issue-1803	55	35	the	the	DET
issue-1803	55	36	ability	ability	NOUN
issue-1803	55	37	to	to	PART
issue-1803	55	38	analyze	analyze	VERB
issue-1803	55	39	the	the	DET
issue-1803	55	40	degree	degree	NOUN
issue-1803	55	41	of	of	ADP
issue-1803	55	42	risk	risk	NOUN
issue-1803	55	43	in	in	ADP
issue-1803	55	44	relation	relation	NOUN
issue-1803	55	45	to	to	ADP
issue-1803	55	46	expected	expect	VERB
issue-1803	55	47	returns	return	NOUN
issue-1803	55	48	.	.	PUNCT
issue-1803	56	1	for	for	ADP
issue-1803	56	2	his	his	PRON
issue-1803	56	3	achievements	achievement	NOUN
issue-1803	56	4	,	,	PUNCT
issue-1803	56	5	markowitz	markowitz	PROPN
issue-1803	56	6	(	(	PUNCT
issue-1803	56	7	along	along	ADP
issue-1803	56	8	with	with	ADP
issue-1803	56	9	sharpe	sharpe	PROPN
issue-1803	56	10	and	and	CCONJ
issue-1803	56	11	miller	miller	PROPN
issue-1803	56	12	)	)	PUNCT
issue-1803	56	13	was	be	AUX
issue-1803	56	14	awarded	award	VERB
issue-1803	56	15	the	the	DET
issue-1803	56	16	nobel	nobel	PROPN
issue-1803	56	17	memorial	memorial	PROPN
issue-1803	56	18	prize	prize	PROPN
issue-1803	56	19	in	in	ADP
issue-1803	56	20	economic	economic	ADJ
issue-1803	56	21	sciences	science	NOUN
issue-1803	56	22	in	in	ADP
issue-1803	56	23	1991	1991	NUM
issue-1803	56	24	.	.	PUNCT
issue-1803	57	1	markowitz	markowitz	PROPN
issue-1803	57	2	's	's	PART
issue-1803	57	3	theory	theory	NOUN
issue-1803	57	4	is	be	AUX
issue-1803	57	5	known	know	VERB
issue-1803	57	6	today	today	NOUN
issue-1803	57	7	as	as	ADP
issue-1803	57	8	modern	modern	ADJ
issue-1803	57	9	portfolio	portfolio	NOUN
issue-1803	57	10	theory	theory	NOUN
issue-1803	57	11	(	(	PUNCT
issue-1803	57	12	mpt	mpt	PROPN
issue-1803	57	13	)	)	PUNCT
issue-1803	57	14	.	.	PUNCT
issue-1803	58	1	since	since	SCONJ
issue-1803	58	2	markowitz	markowitz	PROPN
issue-1803	58	3	's	's	PART
issue-1803	58	4	theory	theory	NOUN
issue-1803	58	5	,	,	PUNCT
issue-1803	58	6	however	however	ADV
issue-1803	58	7	,	,	PUNCT
issue-1803	58	8	several	several	ADJ
issue-1803	58	9	improvements	improvement	NOUN
issue-1803	58	10	have	have	AUX
issue-1803	58	11	been	be	AUX
issue-1803	58	12	made	make	VERB
issue-1803	58	13	to	to	ADP
issue-1803	58	14	the	the	DET
issue-1803	58	15	model	model	NOUN
issue-1803	58	16	,	,	PUNCT
issue-1803	58	17	including	include	VERB
issue-1803	58	18	postmodern	postmodern	ADJ
issue-1803	58	19	portfolio	portfolio	NOUN
issue-1803	58	20	theory	theory	NOUN
issue-1803	58	21	.	.	PUNCT
issue-1803	59	1	later	later	ADV
issue-1803	59	2	,	,	PUNCT
issue-1803	59	3	in	in	ADP
issue-1803	59	4	the	the	DET
issue-1803	59	5	1960s	1960	NOUN
issue-1803	59	6	,	,	PUNCT
issue-1803	59	7	lintner	lintner	NOUN
issue-1803	59	8	(	(	PUNCT
issue-1803	59	9	1965	1965	NUM
issue-1803	59	10	)	)	PUNCT
issue-1803	59	11	,	,	PUNCT
issue-1803	59	12	mossin	mossin	NOUN
issue-1803	59	13	(	(	PUNCT
issue-1803	59	14	1966	1966	NUM
issue-1803	59	15	)	)	PUNCT
issue-1803	59	16	,	,	PUNCT
issue-1803	59	17	sharpe	sharpe	PROPN
issue-1803	59	18	(	(	PUNCT
issue-1803	59	19	1964	1964	NUM
issue-1803	59	20	)	)	PUNCT
issue-1803	59	21	,	,	PUNCT
issue-1803	59	22	and	and	CCONJ
issue-1803	59	23	treynor	treynor	NOUN
issue-1803	59	24	(	(	PUNCT
issue-1803	59	25	1965	1965	NUM
issue-1803	59	26	)	)	PUNCT
issue-1803	59	27	developed	develop	VERB
issue-1803	59	28	the	the	DET
issue-1803	59	29	capital	capital	NOUN
issue-1803	59	30	asset	asset	NOUN
issue-1803	59	31	pricing	pricing	NOUN
issue-1803	59	32	model	model	NOUN
issue-1803	59	33	(	(	PUNCT
issue-1803	59	34	capm	capm	PROPN
issue-1803	59	35	)	)	PUNCT
issue-1803	59	36	,	,	PUNCT
issue-1803	59	37	which	which	PRON
issue-1803	59	38	became	become	VERB
issue-1803	59	39	the	the	DET
issue-1803	59	40	only	only	ADJ
issue-1803	59	41	fundamental	fundamental	ADJ
issue-1803	59	42	framework	framework	NOUN
issue-1803	59	43	for	for	ADP
issue-1803	59	44	evaluating	evaluate	VERB
issue-1803	59	45	investment	investment	NOUN
issue-1803	59	46	performance	performance	NOUN
issue-1803	59	47	in	in	ADP
issue-1803	59	48	terms	term	NOUN
issue-1803	59	49	of	of	ADP
issue-1803	59	50	risk	risk	NOUN
issue-1803	59	51	and	and	CCONJ
issue-1803	59	52	return	return	NOUN
issue-1803	59	53	.	.	PUNCT
issue-1803	60	1	many	many	ADJ
issue-1803	60	2	of	of	ADP
issue-1803	60	3	the	the	DET
issue-1803	60	4	models	model	NOUN
issue-1803	60	5	used	use	VERB
issue-1803	60	6	in	in	ADP
issue-1803	60	7	portfolio	portfolio	NOUN
issue-1803	60	8	investment	investment	NOUN
issue-1803	60	9	management	management	NOUN
issue-1803	60	10	are	be	AUX
issue-1803	60	11	based	base	VERB
issue-1803	60	12	on	on	ADP
issue-1803	60	13	consolidated	consolidated	ADJ
issue-1803	60	14	portfolio	portfolio	NOUN
issue-1803	60	15	theory	theory	NOUN
issue-1803	60	16	.	.	PUNCT
issue-1803	61	1	the	the	DET
issue-1803	61	2	most	most	ADV
issue-1803	61	3	fundamental	fundamental	ADJ
issue-1803	61	4	component	component	NOUN
issue-1803	61	5	of	of	ADP
issue-1803	61	6	portfolio	portfolio	NOUN
issue-1803	61	7	theory	theory	NOUN
issue-1803	61	8	is	be	AUX
issue-1803	61	9	capm	capm	PROPN
issue-1803	61	10	.	.	PUNCT
issue-1803	62	1	capm	capm	PROPN
issue-1803	62	2	states	state	VERB
issue-1803	62	3	that	that	SCONJ
issue-1803	62	4	through	through	ADP
issue-1803	62	5	absolute	absolute	ADJ
issue-1803	62	6	diversification	diversification	NOUN
issue-1803	62	7	,	,	PUNCT
issue-1803	62	8	an	an	DET
issue-1803	62	9	investor	investor	NOUN
issue-1803	62	10	can	can	AUX
issue-1803	62	11	eliminate	eliminate	VERB
issue-1803	62	12	the	the	DET
issue-1803	62	13	unsystematic	unsystematic	ADJ
issue-1803	62	14	risk	risk	NOUN
issue-1803	62	15	associated	associate	VERB
issue-1803	62	16	with	with	ADP
issue-1803	62	17	a	a	DET
issue-1803	62	18	particular	particular	ADJ
issue-1803	62	19	company	company	NOUN
issue-1803	62	20	.	.	PUNCT
issue-1803	63	1	diversification	diversification	NOUN
issue-1803	63	2	provides	provide	VERB
issue-1803	63	3	a	a	DET
issue-1803	63	4	significant	significant	ADJ
issue-1803	63	5	reduction	reduction	NOUN
issue-1803	63	6	in	in	ADP
issue-1803	63	7	the	the	DET
issue-1803	63	8	level	level	NOUN
issue-1803	63	9	of	of	ADP
issue-1803	63	10	risk	risk	NOUN
issue-1803	63	11	if	if	SCONJ
issue-1803	63	12	the	the	DET
issue-1803	63	13	portfolio	portfolio	NOUN
issue-1803	63	14	components	component	NOUN
issue-1803	63	15	have	have	VERB
issue-1803	63	16	a	a	DET
issue-1803	63	17	low	low	ADJ
issue-1803	63	18	level	level	NOUN
issue-1803	63	19	of	of	ADP
issue-1803	63	20	correlation	correlation	NOUN
issue-1803	63	21	.	.	PUNCT
issue-1803	64	1	in	in	ADP
issue-1803	64	2	fact	fact	NOUN
issue-1803	64	3	,	,	PUNCT
issue-1803	64	4	if	if	SCONJ
issue-1803	64	5	the	the	DET
issue-1803	64	6	portfolio	portfolio	NOUN
issue-1803	64	7	is	be	AUX
issue-1803	64	8	properly	properly	ADV
issue-1803	64	9	diversified	diversify	VERB
issue-1803	64	10	,	,	PUNCT
issue-1803	64	11	taking	take	VERB
issue-1803	64	12	full	full	ADJ
issue-1803	64	13	advantage	advantage	NOUN
issue-1803	64	14	of	of	ADP
issue-1803	64	15	international	international	ADJ
issue-1803	64	16	diversification	diversification	NOUN
issue-1803	64	17	at	at	ADP
issue-1803	64	18	different	different	ADJ
issue-1803	64	19	levels	level	NOUN
issue-1803	64	20	,	,	PUNCT
issue-1803	64	21	the	the	DET
issue-1803	64	22	overall	overall	ADJ
issue-1803	64	23	risk	risk	NOUN
issue-1803	64	24	level	level	NOUN
issue-1803	64	25	of	of	ADP
issue-1803	64	26	the	the	DET
issue-1803	64	27	portfolio	portfolio	NOUN
issue-1803	64	28	will	will	AUX
issue-1803	64	29	be	be	AUX
issue-1803	64	30	virtually	virtually	ADV
issue-1803	64	31	zero	zero	NUM
issue-1803	64	32	.	.	PUNCT
issue-1803	65	1	investors	investor	NOUN
issue-1803	65	2	make	make	VERB
issue-1803	65	3	investment	investment	NOUN
issue-1803	65	4	decisions	decision	NOUN
issue-1803	65	5	on	on	ADP
issue-1803	65	6	a	a	DET
issue-1803	65	7	rational	rational	ADJ
issue-1803	65	8	basis	basis	NOUN
issue-1803	65	9	,	,	PUNCT
issue-1803	65	10	depending	depend	VERB
issue-1803	65	11	on	on	ADP
issue-1803	65	12	how	how	SCONJ
issue-1803	65	13	they	they	PRON
issue-1803	65	14	evaluate	evaluate	VERB
issue-1803	65	15	the	the	DET
issue-1803	65	16	risk	risk	NOUN
issue-1803	65	17	/	/	SYM
issue-1803	65	18	return	return	NOUN
issue-1803	65	19	ratio	ratio	NOUN
issue-1803	65	20	.	.	PUNCT
issue-1803	66	1	capm	capm	PROPN
issue-1803	66	2	assumes	assume	VERB
issue-1803	66	3	that	that	SCONJ
issue-1803	66	4	rational	rational	ADJ
issue-1803	66	5	investors	investor	NOUN
issue-1803	66	6	diversify	diversify	VERB
issue-1803	66	7	risk	risk	NOUN
issue-1803	66	8	that	that	PRON
issue-1803	66	9	can	can	AUX
issue-1803	66	10	be	be	AUX
issue-1803	66	11	eliminated	eliminate	VERB
issue-1803	66	12	,	,	PUNCT
issue-1803	66	13	such	such	ADJ
issue-1803	66	14	as	as	ADP
issue-1803	66	15	unsystematic	unsystematic	ADJ
issue-1803	66	16	risk	risk	NOUN
issue-1803	66	17	,	,	PUNCT
issue-1803	66	18	leaving	leave	VERB
issue-1803	66	19	only	only	ADJ
issue-1803	66	20	systematic	systematic	ADJ
issue-1803	66	21	risk	risk	NOUN
issue-1803	66	22	,	,	PUNCT
issue-1803	66	23	which	which	PRON
issue-1803	66	24	varies	vary	VERB
issue-1803	66	25	with	with	ADP
issue-1803	66	26	the	the	DET
issue-1803	66	27	beta	beta	NOUN
issue-1803	66	28	ratio	ratio	NOUN
issue-1803	66	29	of	of	ADP
issue-1803	66	30	the	the	DET
issue-1803	66	31	portfolio	portfolio	NOUN
issue-1803	66	32	.	.	PUNCT
issue-1803	67	1	solnik	solnik	PROPN
issue-1803	67	2	(	(	PUNCT
issue-1803	67	3	1974b	1974b	NUM
issue-1803	67	4	)	)	PUNCT
issue-1803	67	5	concludes	conclude	VERB
issue-1803	67	6	that	that	SCONJ
issue-1803	67	7	most	most	ADJ
issue-1803	67	8	portfolio	portfolio	NOUN
issue-1803	67	9	investment	investment	NOUN
issue-1803	67	10	models	model	NOUN
issue-1803	67	11	fail	fail	VERB
issue-1803	67	12	to	to	PART
issue-1803	67	13	consider	consider	VERB
issue-1803	67	14	the	the	DET
issue-1803	67	15	international	international	ADJ
issue-1803	67	16	aspect	aspect	NOUN
issue-1803	67	17	of	of	ADP
issue-1803	67	18	capital	capital	NOUN
issue-1803	67	19	flows	flow	NOUN
issue-1803	67	20	,	,	PUNCT
issue-1803	67	21	focusing	focus	VERB
issue-1803	67	22	excessively	excessively	ADV
issue-1803	67	23	on	on	ADP
issue-1803	67	24	disparate	disparate	ADJ
issue-1803	67	25	,	,	PUNCT
issue-1803	67	26	independent	independent	ADJ
issue-1803	67	27	markets	market	NOUN
issue-1803	67	28	.	.	PUNCT
issue-1803	68	1	solnik	solnik	X
issue-1803	68	2	(	(	PUNCT
issue-1803	68	3	1974b	1974b	NUM
issue-1803	68	4	)	)	PUNCT
issue-1803	68	5	notes	note	VERB
issue-1803	68	6	that	that	SCONJ
issue-1803	68	7	the	the	DET
issue-1803	68	8	rapid	rapid	ADJ
issue-1803	68	9	growth	growth	NOUN
issue-1803	68	10	of	of	ADP
issue-1803	68	11	cross	cross	ADJ
issue-1803	68	12	-	-	ADJ
issue-1803	68	13	border	border	ADJ
issue-1803	68	14	investment	investment	NOUN
issue-1803	68	15	and	and	CCONJ
issue-1803	68	16	the	the	DET
issue-1803	68	17	increasing	increase	VERB
issue-1803	68	18	share	share	NOUN
issue-1803	68	19	of	of	ADP
issue-1803	68	20	foreign	foreign	ADJ
issue-1803	68	21	firms	firm	NOUN
issue-1803	68	22	in	in	ADP
issue-1803	68	23	financial	financial	ADJ
issue-1803	68	24	markets	market	NOUN
issue-1803	68	25	calls	call	VERB
issue-1803	68	26	for	for	ADP
issue-1803	68	27	a	a	DET
issue-1803	68	28	more	more	ADV
issue-1803	68	29	thorough	thorough	ADJ
issue-1803	68	30	examination	examination	NOUN
issue-1803	68	31	of	of	ADP
issue-1803	68	32	the	the	DET
issue-1803	68	33	international	international	ADJ
issue-1803	68	34	aspect	aspect	NOUN
issue-1803	68	35	of	of	ADP
issue-1803	68	36	portfolio	portfolio	NOUN
issue-1803	68	37	investment	investment	NOUN
issue-1803	68	38	.	.	PUNCT
issue-1803	69	1	based	base	VERB
issue-1803	69	2	on	on	ADP
issue-1803	69	3	capm	capm	PROPN
issue-1803	69	4	,	,	PUNCT
issue-1803	69	5	solnik	solnik	PROPN
issue-1803	69	6	develops	develop	VERB
issue-1803	69	7	the	the	DET
issue-1803	69	8	international	international	ADJ
issue-1803	69	9	capital	capital	NOUN
issue-1803	69	10	asset	asset	NOUN
issue-1803	69	11	pricing	pricing	NOUN
issue-1803	69	12	model	model	NOUN
issue-1803	69	13	(	(	PUNCT
issue-1803	69	14	icapm	icapm	NOUN
issue-1803	69	15	)	)	PUNCT
issue-1803	69	16	.	.	PUNCT
issue-1803	70	1	rogach	rogach	PROPN
issue-1803	70	2	and	and	CCONJ
issue-1803	70	3	dziuba	dziuba	PROPN
issue-1803	70	4	baltic	baltic	PROPN
issue-1803	70	5	journal	journal	PROPN
issue-1803	70	6	of	of	ADP
issue-1803	70	7	economic	economic	ADJ
issue-1803	70	8	studies	study	NOUN
issue-1803	70	9	55	55	NUM
issue-1803	70	10	vol	vol	NOUN
issue-1803	70	11	.	.	PROPN
issue-1803	70	12	8	8	NUM
issue-1803	70	13	no	no	NOUN
issue-1803	70	14	.	.	NOUN
issue-1803	70	15	3	3	NUM
issue-1803	70	16	,	,	PUNCT
issue-1803	70	17	2022	2022	NUM
issue-1803	70	18	(	(	PUNCT
issue-1803	70	19	2011	2011	NUM
issue-1803	70	20	)	)	PUNCT
issue-1803	70	21	note	note	NOUN
issue-1803	70	22	that	that	SCONJ
issue-1803	70	23	"	"	PUNCT
issue-1803	70	24	icapm	icapm	ADJ
issue-1803	70	25	determines	determine	VERB
issue-1803	70	26	what	what	PRON
issue-1803	70	27	is	be	AUX
issue-1803	70	28	the	the	DET
issue-1803	70	29	equilibrium	equilibrium	NOUN
issue-1803	70	30	expected	expect	VERB
issue-1803	70	31	return	return	NOUN
issue-1803	70	32	on	on	ADP
issue-1803	70	33	financial	financial	ADJ
issue-1803	70	34	assets	asset	NOUN
issue-1803	70	35	when	when	SCONJ
issue-1803	70	36	the	the	DET
issue-1803	70	37	expected	expect	VERB
issue-1803	70	38	return	return	NOUN
issue-1803	70	39	is	be	AUX
issue-1803	70	40	measured	measure	VERB
issue-1803	70	41	in	in	ADP
issue-1803	70	42	the	the	DET
issue-1803	70	43	investor	investor	NOUN
issue-1803	70	44	's	's	PART
issue-1803	70	45	local	local	ADJ
issue-1803	70	46	currency	currency	NOUN
issue-1803	70	47	and	and	CCONJ
issue-1803	70	48	is	be	AUX
issue-1803	70	49	shaped	shape	VERB
issue-1803	70	50	by	by	ADP
issue-1803	70	51	constant	constant	ADJ
issue-1803	70	52	changes	change	NOUN
issue-1803	70	53	in	in	ADP
issue-1803	70	54	exchange	exchange	NOUN
issue-1803	70	55	rates	rate	NOUN
issue-1803	70	56	"	"	PUNCT
issue-1803	70	57	.	.	PUNCT
issue-1803	71	1	breuer	breuer	PROPN
issue-1803	71	2	and	and	CCONJ
issue-1803	71	3	ruiz	ruiz	PROPN
issue-1803	71	4	de	de	PROPN
issue-1803	71	5	vargas	vargas	X
issue-1803	71	6	(	(	PUNCT
issue-1803	71	7	2021	2021	NUM
issue-1803	71	8	)	)	PUNCT
issue-1803	71	9	also	also	ADV
issue-1803	71	10	confirm	confirm	VERB
issue-1803	71	11	that	that	SCONJ
issue-1803	71	12	models	model	NOUN
issue-1803	71	13	developed	develop	VERB
issue-1803	71	14	in	in	ADP
issue-1803	71	15	an	an	DET
issue-1803	71	16	interna	interna	PROPN
issue-1803	71	17	tional	tional	ADJ
issue-1803	71	18	context	context	NOUN
issue-1803	71	19	face	face	VERB
issue-1803	71	20	additional	additional	ADJ
issue-1803	71	21	complexity	complexity	NOUN
issue-1803	71	22	and	and	CCONJ
issue-1803	71	23	need	need	VERB
issue-1803	71	24	to	to	PART
issue-1803	71	25	account	account	VERB
issue-1803	71	26	for	for	ADP
issue-1803	71	27	exchange	exchange	NOUN
issue-1803	71	28	rate	rate	NOUN
issue-1803	71	29	risks	risk	NOUN
issue-1803	71	30	.	.	PUNCT
issue-1803	72	1	modern	modern	ADJ
issue-1803	72	2	portfolio	portfolio	NOUN
issue-1803	72	3	theory	theory	NOUN
issue-1803	72	4	is	be	AUX
issue-1803	72	5	a	a	DET
issue-1803	72	6	theory	theory	NOUN
issue-1803	72	7	of	of	ADP
issue-1803	72	8	investment	investment	NOUN
issue-1803	72	9	management	management	NOUN
issue-1803	72	10	according	accord	VERB
issue-1803	72	11	to	to	ADP
issue-1803	72	12	which	which	PRON
issue-1803	72	13	an	an	DET
issue-1803	72	14	investor	investor	NOUN
issue-1803	72	15	maximizes	maximize	VERB
issue-1803	72	16	the	the	DET
issue-1803	72	17	expected	expect	VERB
issue-1803	72	18	return	return	NOUN
issue-1803	72	19	of	of	ADP
issue-1803	72	20	a	a	DET
issue-1803	72	21	portfolio	portfolio	NOUN
issue-1803	72	22	for	for	ADP
issue-1803	72	23	a	a	DET
issue-1803	72	24	given	give	VERB
issue-1803	72	25	rate	rate	NOUN
issue-1803	72	26	of	of	ADP
issue-1803	72	27	risk	risk	NOUN
issue-1803	72	28	or	or	CCONJ
issue-1803	72	29	minimizes	minimize	VERB
issue-1803	72	30	risk	risk	NOUN
issue-1803	72	31	for	for	ADP
issue-1803	72	32	a	a	DET
issue-1803	72	33	given	give	VERB
issue-1803	72	34	rate	rate	NOUN
issue-1803	72	35	of	of	ADP
issue-1803	72	36	expected	expect	VERB
issue-1803	72	37	return	return	NOUN
issue-1803	72	38	by	by	ADP
issue-1803	72	39	determining	determine	VERB
issue-1803	72	40	the	the	DET
issue-1803	72	41	necessary	necessary	ADJ
issue-1803	72	42	parity	parity	NOUN
issue-1803	72	43	between	between	ADP
issue-1803	72	44	different	different	ADJ
issue-1803	72	45	asset	asset	NOUN
issue-1803	72	46	classes	class	NOUN
issue-1803	72	47	.	.	PUNCT
issue-1803	73	1	modern	modern	ADJ
issue-1803	73	2	portfolio	portfolio	NOUN
issue-1803	73	3	theory	theory	NOUN
issue-1803	73	4	has	have	AUX
issue-1803	73	5	been	be	AUX
issue-1803	73	6	empirically	empirically	ADV
issue-1803	73	7	tested	test	VERB
issue-1803	73	8	many	many	ADJ
issue-1803	73	9	times	time	NOUN
issue-1803	73	10	and	and	CCONJ
issue-1803	73	11	is	be	AUX
issue-1803	73	12	widely	widely	ADV
issue-1803	73	13	used	use	VERB
issue-1803	73	14	by	by	ADP
issue-1803	73	15	investment	investment	NOUN
issue-1803	73	16	professionals	professional	NOUN
issue-1803	73	17	,	,	PUNCT
issue-1803	73	18	as	as	SCONJ
issue-1803	73	19	hu	hu	PROPN
issue-1803	73	20	(	(	PUNCT
issue-1803	73	21	2022	2022	NUM
issue-1803	73	22	)	)	PUNCT
issue-1803	73	23	confirms	confirm	VERB
issue-1803	73	24	,	,	PUNCT
issue-1803	73	25	but	but	CCONJ
issue-1803	73	26	the	the	DET
issue-1803	73	27	basic	basic	ADJ
issue-1803	73	28	assumptions	assumption	NOUN
issue-1803	73	29	of	of	ADP
issue-1803	73	30	the	the	DET
issue-1803	73	31	theory	theory	NOUN
issue-1803	73	32	are	be	AUX
issue-1803	73	33	often	often	ADV
issue-1803	73	34	criticized	criticize	VERB
issue-1803	73	35	,	,	PUNCT
issue-1803	73	36	as	as	ADP
issue-1803	73	37	omisore	omisore	NOUN
issue-1803	73	38	,	,	PUNCT
issue-1803	73	39	yusuf	yusuf	PROPN
issue-1803	73	40	,	,	PUNCT
issue-1803	73	41	and	and	CCONJ
issue-1803	73	42	christopher	christopher	PROPN
issue-1803	73	43	(	(	PUNCT
issue-1803	73	44	2011	2011	NUM
issue-1803	73	45	)	)	PUNCT
issue-1803	73	46	note	note	NOUN
issue-1803	73	47	.	.	PUNCT
issue-1803	74	1	the	the	DET
issue-1803	74	2	main	main	ADJ
issue-1803	74	3	drawback	drawback	NOUN
issue-1803	74	4	of	of	ADP
issue-1803	74	5	the	the	DET
issue-1803	74	6	theory	theory	NOUN
issue-1803	74	7	is	be	AUX
issue-1803	74	8	its	its	PRON
issue-1803	74	9	simplistic	simplistic	ADJ
issue-1803	74	10	underlying	underlying	ADJ
issue-1803	74	11	assumptions	assumption	NOUN
issue-1803	74	12	.	.	PUNCT
issue-1803	75	1	the	the	DET
issue-1803	75	2	effectiveness	effectiveness	NOUN
issue-1803	75	3	of	of	ADP
issue-1803	75	4	modern	modern	ADJ
issue-1803	75	5	portfolio	portfolio	NOUN
issue-1803	75	6	theory	theory	NOUN
issue-1803	75	7	has	have	AUX
issue-1803	75	8	been	be	AUX
issue-1803	75	9	called	call	VERB
issue-1803	75	10	into	into	ADP
issue-1803	75	11	question	question	NOUN
issue-1803	75	12	because	because	SCONJ
issue-1803	75	13	markowitz	markowitz	PROPN
issue-1803	75	14	's	's	PART
issue-1803	75	15	model	model	NOUN
issue-1803	75	16	of	of	ADP
issue-1803	75	17	financial	financial	ADJ
issue-1803	75	18	markets	market	NOUN
issue-1803	75	19	does	do	AUX
issue-1803	75	20	not	not	PART
issue-1803	75	21	correspond	correspond	VERB
issue-1803	75	22	to	to	ADP
issue-1803	75	23	what	what	PRON
issue-1803	75	24	financial	financial	ADJ
issue-1803	75	25	markets	market	NOUN
issue-1803	75	26	actually	actually	ADV
issue-1803	75	27	are	be	AUX
issue-1803	75	28	.	.	PUNCT
issue-1803	76	1	in	in	ADP
issue-1803	76	2	recent	recent	ADJ
issue-1803	76	3	years	year	NOUN
issue-1803	76	4	,	,	PUNCT
issue-1803	76	5	especially	especially	ADV
issue-1803	76	6	after	after	ADP
issue-1803	76	7	the	the	DET
issue-1803	76	8	global	global	ADJ
issue-1803	76	9	financial	financial	ADJ
issue-1803	76	10	crisis	crisis	NOUN
issue-1803	76	11	of	of	ADP
issue-1803	76	12	2007–2008	2007–2008	NUM
issue-1803	76	13	,	,	PUNCT
issue-1803	76	14	the	the	DET
issue-1803	76	15	basic	basic	ADJ
issue-1803	76	16	assumptions	assumption	NOUN
issue-1803	76	17	of	of	ADP
issue-1803	76	18	modern	modern	ADJ
issue-1803	76	19	portfolio	portfolio	NOUN
issue-1803	76	20	theory	theory	NOUN
issue-1803	76	21	have	have	AUX
issue-1803	76	22	come	come	VERB
issue-1803	76	23	under	under	ADP
issue-1803	76	24	considerable	considerable	ADJ
issue-1803	76	25	criticism	criticism	NOUN
issue-1803	76	26	from	from	ADP
issue-1803	76	27	various	various	ADJ
issue-1803	76	28	scholars	scholar	NOUN
issue-1803	76	29	,	,	PUNCT
issue-1803	76	30	particularly	particularly	ADV
issue-1803	76	31	those	those	PRON
issue-1803	76	32	in	in	ADP
issue-1803	76	33	behavioral	behavioral	ADJ
issue-1803	76	34	economics	economic	NOUN
issue-1803	76	35	and	and	CCONJ
issue-1803	76	36	finance	finance	NOUN
issue-1803	76	37	.	.	PUNCT
issue-1803	77	1	for	for	ADP
issue-1803	77	2	instance	instance	NOUN
issue-1803	77	3	,	,	PUNCT
issue-1803	77	4	rodríguez	rodríguez	NOUN
issue-1803	77	5	,	,	PUNCT
issue-1803	77	6	gómez	gómez	NOUN
issue-1803	77	7	,	,	PUNCT
issue-1803	77	8	and	and	CCONJ
issue-1803	77	9	contreras	contreras	X
issue-1803	77	10	(	(	PUNCT
issue-1803	77	11	2021	2021	NUM
issue-1803	77	12	)	)	PUNCT
issue-1803	77	13	point	point	VERB
issue-1803	77	14	out	out	ADP
issue-1803	77	15	that	that	SCONJ
issue-1803	77	16	the	the	DET
issue-1803	77	17	approach	approach	NOUN
issue-1803	77	18	by	by	ADP
issue-1803	77	19	markowitz	markowitz	PROPN
issue-1803	77	20	(	(	PUNCT
issue-1803	77	21	1952	1952	NUM
issue-1803	77	22	;	;	PUNCT
issue-1803	77	23	1959	1959	NUM
issue-1803	77	24	)	)	PUNCT
issue-1803	77	25	does	do	AUX
issue-1803	77	26	not	not	PART
issue-1803	77	27	consider	consider	VERB
issue-1803	77	28	distributional	distributional	ADJ
issue-1803	77	29	characteristics	characteristic	NOUN
issue-1803	77	30	of	of	ADP
issue-1803	77	31	the	the	DET
issue-1803	77	32	returns	return	NOUN
issue-1803	77	33	,	,	PUNCT
issue-1803	77	34	i.e.	i.e.	X
issue-1803	77	35	,	,	PUNCT
issue-1803	77	36	skewness	skewness	NOUN
issue-1803	77	37	and	and	CCONJ
issue-1803	77	38	kurtosis	kurtosis	NOUN
issue-1803	77	39	,	,	PUNCT
issue-1803	77	40	and	and	CCONJ
issue-1803	77	41	investor	investor	NOUN
issue-1803	77	42	’s	’s	PART
issue-1803	77	43	risk	risk	NOUN
issue-1803	77	44	tolerance	tolerance	NOUN
issue-1803	77	45	.	.	PUNCT
issue-1803	78	1	geambasu	geambasu	PROPN
issue-1803	78	2	,	,	PUNCT
issue-1803	78	3	sova	sova	PROPN
issue-1803	78	4	,	,	PUNCT
issue-1803	78	5	jianu	jianu	PROPN
issue-1803	78	6	,	,	PUNCT
issue-1803	78	7	and	and	CCONJ
issue-1803	78	8	geambasu	geambasu	NOUN
issue-1803	78	9	(	(	PUNCT
issue-1803	78	10	2013	2013	NUM
issue-1803	78	11	)	)	PUNCT
issue-1803	78	12	remark	remark	NOUN
issue-1803	78	13	that	that	SCONJ
issue-1803	78	14	,	,	PUNCT
issue-1803	78	15	as	as	ADP
issue-1803	78	16	a	a	DET
issue-1803	78	17	result	result	NOUN
issue-1803	78	18	,	,	PUNCT
issue-1803	78	19	investors	investor	NOUN
issue-1803	78	20	and	and	CCONJ
issue-1803	78	21	researchers	researcher	NOUN
issue-1803	78	22	began	begin	VERB
issue-1803	78	23	to	to	PART
issue-1803	78	24	search	search	VERB
issue-1803	78	25	for	for	ADP
issue-1803	78	26	alternative	alternative	ADJ
issue-1803	78	27	theories	theory	NOUN
issue-1803	78	28	of	of	ADP
issue-1803	78	29	portfolio	portfolio	NOUN
issue-1803	78	30	management	management	NOUN
issue-1803	78	31	.	.	PUNCT
issue-1803	79	1	portfolio	portfolio	NOUN
issue-1803	79	2	management	management	NOUN
issue-1803	79	3	specifies	specifie	NOUN
issue-1803	79	4	that	that	PRON
issue-1803	79	5	an	an	DET
issue-1803	79	6	investment	investment	NOUN
issue-1803	79	7	portfolio	portfolio	NOUN
issue-1803	79	8	can	can	AUX
issue-1803	79	9	be	be	AUX
issue-1803	79	10	substantially	substantially	ADV
issue-1803	79	11	characterized	characterize	VERB
issue-1803	79	12	using	use	VERB
issue-1803	79	13	three	three	NUM
issue-1803	79	14	features	feature	NOUN
issue-1803	79	15	such	such	ADJ
issue-1803	79	16	as	as	ADP
issue-1803	79	17	risk	risk	NOUN
issue-1803	79	18	,	,	PUNCT
issue-1803	79	19	return	return	NOUN
issue-1803	79	20	and	and	CCONJ
issue-1803	79	21	investor	investor	NOUN
issue-1803	79	22	's	's	PART
issue-1803	79	23	risk	risk	NOUN
issue-1803	79	24	tolerance	tolerance	NOUN
issue-1803	79	25	.	.	PUNCT
issue-1803	80	1	dziuba	dziuba	PROPN
issue-1803	80	2	,	,	PUNCT
issue-1803	80	3	pryiatelchuk	pryiatelchuk	NOUN
issue-1803	80	4	,	,	PUNCT
issue-1803	80	5	and	and	CCONJ
issue-1803	80	6	rusak	rusak	ADJ
issue-1803	80	7	(	(	PUNCT
issue-1803	80	8	2021	2021	NUM
issue-1803	80	9	)	)	PUNCT
issue-1803	80	10	note	note	VERB
issue-1803	80	11	that	that	SCONJ
issue-1803	80	12	risk	risk	NOUN
issue-1803	80	13	and	and	CCONJ
issue-1803	80	14	return	return	NOUN
issue-1803	80	15	are	be	AUX
issue-1803	80	16	two	two	NUM
issue-1803	80	17	fundamental	fundamental	ADJ
issue-1803	80	18	and	and	CCONJ
issue-1803	80	19	objective	objective	ADJ
issue-1803	80	20	characteristics	characteristic	NOUN
issue-1803	80	21	of	of	ADP
issue-1803	80	22	any	any	DET
issue-1803	80	23	investment	investment	NOUN
issue-1803	80	24	portfolio	portfolio	NOUN
issue-1803	80	25	.	.	PUNCT
issue-1803	81	1	they	they	PRON
issue-1803	81	2	characterize	characterize	VERB
issue-1803	81	3	the	the	DET
issue-1803	81	4	efficiency	efficiency	NOUN
issue-1803	81	5	of	of	ADP
issue-1803	81	6	a	a	DET
issue-1803	81	7	portfolio	portfolio	NOUN
issue-1803	81	8	and	and	CCONJ
issue-1803	81	9	serve	serve	VERB
issue-1803	81	10	as	as	ADP
issue-1803	81	11	universal	universal	ADJ
issue-1803	81	12	standard	standard	ADJ
issue-1803	81	13	indicators	indicator	NOUN
issue-1803	81	14	for	for	ADP
issue-1803	81	15	any	any	DET
issue-1803	81	16	investment	investment	NOUN
issue-1803	81	17	professional	professional	NOUN
issue-1803	81	18	.	.	PUNCT
issue-1803	82	1	despite	despite	SCONJ
issue-1803	82	2	the	the	DET
issue-1803	82	3	fact	fact	NOUN
issue-1803	82	4	that	that	SCONJ
issue-1803	82	5	risk	risk	NOUN
issue-1803	82	6	and	and	CCONJ
issue-1803	82	7	return	return	NOUN
issue-1803	82	8	are	be	AUX
issue-1803	82	9	rather	rather	ADV
issue-1803	82	10	basic	basic	ADJ
issue-1803	82	11	indicators	indicator	NOUN
issue-1803	82	12	,	,	PUNCT
issue-1803	82	13	their	their	PRON
issue-1803	82	14	importance	importance	NOUN
issue-1803	82	15	for	for	ADP
issue-1803	82	16	analysis	analysis	NOUN
issue-1803	82	17	is	be	AUX
issue-1803	82	18	undeniable	undeniable	ADJ
issue-1803	82	19	.	.	PUNCT
issue-1803	83	1	the	the	DET
issue-1803	83	2	term	term	NOUN
issue-1803	83	3	"	"	PUNCT
issue-1803	83	4	investor	investor	NOUN
issue-1803	83	5	risk	risk	NOUN
issue-1803	83	6	tolerance	tolerance	NOUN
issue-1803	83	7	"	"	PUNCT
issue-1803	83	8	is	be	AUX
issue-1803	83	9	defined	define	VERB
issue-1803	83	10	in	in	ADP
issue-1803	83	11	a	a	DET
issue-1803	83	12	wide	wide	ADJ
issue-1803	83	13	variety	variety	NOUN
issue-1803	83	14	of	of	ADP
issue-1803	83	15	ways	way	NOUN
issue-1803	83	16	.	.	PUNCT
issue-1803	84	1	there	there	PRON
issue-1803	84	2	are	be	VERB
issue-1803	84	3	different	different	ADJ
issue-1803	84	4	views	view	NOUN
issue-1803	84	5	on	on	ADP
issue-1803	84	6	whether	whether	SCONJ
issue-1803	84	7	investor	investor	NOUN
issue-1803	84	8	risk	risk	NOUN
issue-1803	84	9	tolerance	tolerance	NOUN
issue-1803	84	10	is	be	AUX
issue-1803	84	11	an	an	DET
issue-1803	84	12	intrinsic	intrinsic	ADJ
issue-1803	84	13	and	and	CCONJ
issue-1803	84	14	enduring	enduring	ADJ
issue-1803	84	15	characteristic	characteristic	NOUN
issue-1803	84	16	of	of	ADP
issue-1803	84	17	the	the	DET
issue-1803	84	18	individual	individual	ADJ
issue-1803	84	19	investor	investor	NOUN
issue-1803	84	20	and	and	CCONJ
issue-1803	84	21	whether	whether	SCONJ
issue-1803	84	22	it	it	PRON
issue-1803	84	23	also	also	ADV
issue-1803	84	24	takes	take	VERB
issue-1803	84	25	into	into	ADP
issue-1803	84	26	account	account	NOUN
issue-1803	84	27	external	external	ADJ
issue-1803	84	28	factors	factor	NOUN
issue-1803	84	29	(	(	PUNCT
issue-1803	84	30	e.g.	e.g.	ADV
issue-1803	84	31	,	,	PUNCT
issue-1803	84	32	economic	economic	ADJ
issue-1803	84	33	shocks	shock	NOUN
issue-1803	84	34	)	)	PUNCT
issue-1803	84	35	,	,	PUNCT
issue-1803	84	36	which	which	PRON
issue-1803	84	37	depend	depend	VERB
issue-1803	84	38	on	on	ADP
issue-1803	84	39	how	how	SCONJ
issue-1803	84	40	risk	risk	NOUN
issue-1803	84	41	tolerance	tolerance	NOUN
issue-1803	84	42	is	be	AUX
issue-1803	84	43	measured	measure	VERB
issue-1803	84	44	.	.	PUNCT
issue-1803	85	1	however	however	ADV
issue-1803	85	2	,	,	PUNCT
issue-1803	85	3	the	the	DET
issue-1803	85	4	definitions	definition	NOUN
issue-1803	85	5	of	of	ADP
issue-1803	85	6	investor	investor	NOUN
issue-1803	85	7	risk	risk	NOUN
issue-1803	85	8	tolerance	tolerance	NOUN
issue-1803	85	9	have	have	VERB
issue-1803	85	10	strong	strong	ADJ
issue-1803	85	11	similarities	similarity	NOUN
issue-1803	85	12	.	.	PUNCT
issue-1803	86	1	in	in	ADP
issue-1803	86	2	davies	davy	NOUN
issue-1803	86	3	’	'	PUNCT
issue-1803	86	4	(	(	PUNCT
issue-1803	86	5	2017	2017	NUM
issue-1803	86	6	)	)	PUNCT
issue-1803	86	7	opinion	opinion	NOUN
issue-1803	86	8	risk	risk	NOUN
issue-1803	86	9	tolerance	tolerance	NOUN
issue-1803	86	10	is	be	AUX
issue-1803	86	11	the	the	DET
issue-1803	86	12	investor	investor	NOUN
issue-1803	86	13	’s	’s	PART
issue-1803	86	14	willingness	willingness	NOUN
issue-1803	86	15	and	and	CCONJ
issue-1803	86	16	ability	ability	NOUN
issue-1803	86	17	to	to	PART
issue-1803	86	18	take	take	VERB
issue-1803	86	19	a	a	DET
issue-1803	86	20	certain	certain	ADJ
issue-1803	86	21	level	level	NOUN
issue-1803	86	22	of	of	ADP
issue-1803	86	23	risk	risk	NOUN
issue-1803	86	24	.	.	PUNCT
issue-1803	87	1	grable	grable	NOUN
issue-1803	87	2	(	(	PUNCT
issue-1803	87	3	2017	2017	NUM
issue-1803	87	4	)	)	PUNCT
issue-1803	87	5	defines	define	NOUN
issue-1803	87	6	that	that	PRON
issue-1803	87	7	risk	risk	NOUN
issue-1803	87	8	tolerance	tolerance	NOUN
issue-1803	87	9	is	be	AUX
issue-1803	87	10	the	the	DET
issue-1803	87	11	willingness	willingness	NOUN
issue-1803	87	12	to	to	PART
issue-1803	87	13	engage	engage	VERB
issue-1803	87	14	in	in	ADP
issue-1803	87	15	a	a	DET
issue-1803	87	16	risky	risky	ADJ
issue-1803	87	17	behaviour	behaviour	NOUN
issue-1803	87	18	in	in	ADP
issue-1803	87	19	which	which	PRON
issue-1803	87	20	possible	possible	ADJ
issue-1803	87	21	outcomes	outcome	NOUN
issue-1803	87	22	can	can	AUX
issue-1803	87	23	be	be	AUX
issue-1803	87	24	negative	negative	ADJ
issue-1803	87	25	,	,	PUNCT
issue-1803	87	26	and	and	CCONJ
issue-1803	87	27	notes	note	VERB
issue-1803	87	28	that	that	SCONJ
issue-1803	87	29	there	there	PRON
issue-1803	87	30	are	be	VERB
issue-1803	87	31	many	many	ADJ
issue-1803	87	32	risk	risk	NOUN
issue-1803	87	33	-	-	PUNCT
issue-1803	87	34	associated	associate	VERB
issue-1803	87	35	concepts	concept	NOUN
issue-1803	87	36	that	that	PRON
issue-1803	87	37	are	be	AUX
issue-1803	87	38	very	very	ADV
issue-1803	87	39	different	different	ADJ
issue-1803	87	40	such	such	ADJ
issue-1803	87	41	as	as	ADP
issue-1803	87	42	risk	risk	NOUN
issue-1803	87	43	aversion	aversion	NOUN
issue-1803	87	44	,	,	PUNCT
issue-1803	87	45	risk	risk	NOUN
issue-1803	87	46	perception	perception	NOUN
issue-1803	87	47	,	,	PUNCT
issue-1803	87	48	risk	risk	NOUN
issue-1803	87	49	preference	preference	NOUN
issue-1803	87	50	,	,	PUNCT
issue-1803	87	51	among	among	ADP
issue-1803	87	52	others	other	NOUN
issue-1803	87	53	.	.	PUNCT
issue-1803	88	1	the	the	DET
issue-1803	88	2	above	above	ADJ
issue-1803	88	3	definitions	definition	NOUN
issue-1803	88	4	follow	follow	VERB
issue-1803	88	5	the	the	DET
issue-1803	88	6	behavioral	behavioral	ADJ
issue-1803	88	7	paradigm	paradigm	NOUN
issue-1803	88	8	of	of	ADP
issue-1803	88	9	studying	study	VERB
issue-1803	88	10	finance	finance	NOUN
issue-1803	88	11	and	and	CCONJ
issue-1803	88	12	investment	investment	NOUN
issue-1803	88	13	.	.	PUNCT
issue-1803	89	1	grable	grable	NOUN
issue-1803	89	2	(	(	PUNCT
issue-1803	89	3	2017	2017	NUM
issue-1803	89	4	)	)	PUNCT
issue-1803	89	5	concludes	conclude	VERB
issue-1803	89	6	that	that	SCONJ
issue-1803	89	7	risk	risk	NOUN
issue-1803	89	8	tolerance	tolerance	NOUN
issue-1803	89	9	varies	vary	VERB
issue-1803	89	10	among	among	ADP
issue-1803	89	11	individual	individual	ADJ
issue-1803	89	12	investors	investor	NOUN
issue-1803	89	13	because	because	SCONJ
issue-1803	89	14	it	it	PRON
issue-1803	89	15	is	be	AUX
issue-1803	89	16	an	an	DET
issue-1803	89	17	individual	individual	ADJ
issue-1803	89	18	indicator	indicator	NOUN
issue-1803	89	19	,	,	PUNCT
issue-1803	89	20	but	but	CCONJ
issue-1803	89	21	at	at	ADP
issue-1803	89	22	the	the	DET
issue-1803	89	23	same	same	ADJ
issue-1803	89	24	time	time	NOUN
issue-1803	89	25	it	it	PRON
issue-1803	89	26	can	can	AUX
issue-1803	89	27	show	show	VERB
issue-1803	89	28	a	a	DET
issue-1803	89	29	certain	certain	ADJ
issue-1803	89	30	level	level	NOUN
issue-1803	89	31	of	of	ADP
issue-1803	89	32	stability	stability	NOUN
issue-1803	89	33	over	over	ADP
issue-1803	89	34	the	the	DET
issue-1803	89	35	life	life	NOUN
issue-1803	89	36	of	of	ADP
issue-1803	89	37	the	the	DET
issue-1803	89	38	investor	investor	NOUN
issue-1803	89	39	,	,	PUNCT
issue-1803	89	40	despite	despite	SCONJ
issue-1803	89	41	various	various	ADJ
issue-1803	89	42	external	external	ADJ
issue-1803	89	43	factors	factor	NOUN
issue-1803	89	44	.	.	PUNCT
issue-1803	90	1	however	however	ADV
issue-1803	90	2	,	,	PUNCT
issue-1803	90	3	investor	investor	NOUN
issue-1803	90	4	risk	risk	NOUN
issue-1803	90	5	tolerance	tolerance	NOUN
issue-1803	90	6	is	be	AUX
issue-1803	90	7	ultimately	ultimately	ADV
issue-1803	90	8	an	an	DET
issue-1803	90	9	individual	individual	ADJ
issue-1803	90	10	characteristic	characteristic	NOUN
issue-1803	90	11	that	that	PRON
issue-1803	90	12	depends	depend	VERB
issue-1803	90	13	on	on	ADP
issue-1803	90	14	each	each	DET
issue-1803	90	15	investor	investor	NOUN
issue-1803	90	16	,	,	PUNCT
issue-1803	90	17	and	and	CCONJ
issue-1803	90	18	it	it	PRON
issue-1803	90	19	requires	require	VERB
issue-1803	90	20	further	further	ADJ
issue-1803	90	21	study	study	NOUN
issue-1803	90	22	and	and	CCONJ
issue-1803	90	23	discussion	discussion	NOUN
issue-1803	90	24	.	.	PUNCT
issue-1803	91	1	in	in	ADP
issue-1803	91	2	this	this	DET
issue-1803	91	3	paper	paper	NOUN
issue-1803	91	4	,	,	PUNCT
issue-1803	91	5	the	the	DET
issue-1803	91	6	k	k	NOUN
issue-1803	91	7	-	-	PUNCT
issue-1803	91	8	means	means	NOUN
issue-1803	91	9	cluster	cluster	NOUN
issue-1803	91	10	model	model	NOUN
issue-1803	91	11	is	be	AUX
issue-1803	91	12	based	base	VERB
issue-1803	91	13	on	on	ADP
issue-1803	91	14	the	the	DET
issue-1803	91	15	classification	classification	NOUN
issue-1803	91	16	of	of	ADP
issue-1803	91	17	30	30	NUM
issue-1803	91	18	markets	market	NOUN
issue-1803	91	19	into	into	ADP
issue-1803	91	20	different	different	ADJ
issue-1803	91	21	clusters	cluster	NOUN
issue-1803	91	22	based	base	VERB
issue-1803	91	23	on	on	ADP
issue-1803	91	24	3	3	NUM
issue-1803	91	25	attributes	attribute	NOUN
issue-1803	91	26	(	(	PUNCT
issue-1803	91	27	variables	variable	NOUN
issue-1803	91	28	)	)	PUNCT
issue-1803	91	29	.	.	PUNCT
issue-1803	92	1	these	these	DET
issue-1803	92	2	three	three	NUM
issue-1803	92	3	variables	variable	NOUN
issue-1803	92	4	are	be	AUX
issue-1803	92	5	profitability	profitability	NOUN
issue-1803	92	6	,	,	PUNCT
issue-1803	92	7	risk	risk	NOUN
issue-1803	92	8	,	,	PUNCT
issue-1803	92	9	and	and	CCONJ
issue-1803	92	10	the	the	DET
issue-1803	92	11	level	level	NOUN
issue-1803	92	12	of	of	ADP
issue-1803	92	13	international	international	ADJ
issue-1803	92	14	diversification	diversification	NOUN
issue-1803	92	15	.	.	PUNCT
issue-1803	93	1	since	since	SCONJ
issue-1803	93	2	the	the	DET
issue-1803	93	3	motivations	motivation	NOUN
issue-1803	93	4	for	for	ADP
issue-1803	93	5	using	use	VERB
issue-1803	93	6	risk	risk	NOUN
issue-1803	93	7	and	and	CCONJ
issue-1803	93	8	return	return	NOUN
issue-1803	93	9	have	have	AUX
issue-1803	93	10	already	already	ADV
issue-1803	93	11	been	be	AUX
issue-1803	93	12	substantiated	substantiate	VERB
issue-1803	93	13	in	in	ADP
issue-1803	93	14	our	our	PRON
issue-1803	93	15	model	model	NOUN
issue-1803	93	16	,	,	PUNCT
issue-1803	93	17	it	it	PRON
issue-1803	93	18	is	be	AUX
issue-1803	93	19	important	important	ADJ
issue-1803	93	20	to	to	PART
issue-1803	93	21	discuss	discuss	VERB
issue-1803	93	22	the	the	DET
issue-1803	93	23	third	third	ADJ
issue-1803	93	24	variable	variable	NOUN
issue-1803	93	25	.	.	PUNCT
issue-1803	94	1	the	the	DET
issue-1803	94	2	third	third	ADJ
issue-1803	94	3	variable	variable	NOUN
issue-1803	94	4	used	use	VERB
issue-1803	94	5	in	in	ADP
issue-1803	94	6	the	the	DET
issue-1803	94	7	analysis	analysis	NOUN
issue-1803	94	8	is	be	AUX
issue-1803	94	9	the	the	DET
issue-1803	94	10	level	level	NOUN
issue-1803	94	11	of	of	ADP
issue-1803	94	12	international	international	ADJ
issue-1803	94	13	diversification	diversification	NOUN
issue-1803	94	14	.	.	PUNCT
issue-1803	95	1	the	the	DET
issue-1803	95	2	theory	theory	NOUN
issue-1803	95	3	of	of	ADP
issue-1803	95	4	international	international	ADJ
issue-1803	95	5	diversification	diversification	NOUN
issue-1803	95	6	advanced	advance	VERB
issue-1803	95	7	by	by	ADP
issue-1803	95	8	solnik	solnik	X
issue-1803	95	9	(	(	PUNCT
issue-1803	95	10	1974a	1974a	NUM
issue-1803	95	11	)	)	PUNCT
issue-1803	95	12	is	be	AUX
issue-1803	95	13	considered	consider	VERB
issue-1803	95	14	the	the	DET
issue-1803	95	15	basis	basis	NOUN
issue-1803	95	16	for	for	ADP
issue-1803	95	17	international	international	ADJ
issue-1803	95	18	portfolio	portfolio	NOUN
issue-1803	95	19	management	management	NOUN
issue-1803	95	20	and	and	CCONJ
issue-1803	95	21	one	one	NUM
issue-1803	95	22	of	of	ADP
issue-1803	95	23	the	the	DET
issue-1803	95	24	most	most	ADV
issue-1803	95	25	important	important	ADJ
issue-1803	95	26	aspects	aspect	NOUN
issue-1803	95	27	of	of	ADP
issue-1803	95	28	modern	modern	ADJ
issue-1803	95	29	portfolio	portfolio	NOUN
issue-1803	95	30	theory	theory	NOUN
issue-1803	95	31	.	.	PUNCT
issue-1803	96	1	solnik	solnik	PROPN
issue-1803	96	2	(	(	PUNCT
issue-1803	96	3	1974a	1974a	NUM
issue-1803	96	4	)	)	PUNCT
issue-1803	96	5	argues	argue	VERB
issue-1803	96	6	that	that	SCONJ
issue-1803	96	7	an	an	DET
issue-1803	96	8	investor	investor	NOUN
issue-1803	96	9	benefits	benefit	NOUN
issue-1803	96	10	from	from	ADP
issue-1803	96	11	an	an	DET
issue-1803	96	12	investment	investment	NOUN
issue-1803	96	13	portfolio	portfolio	NOUN
issue-1803	96	14	built	build	VERB
issue-1803	96	15	using	use	VERB
issue-1803	96	16	foreign	foreign	ADJ
issue-1803	96	17	investment	investment	NOUN
issue-1803	96	18	assets	asset	NOUN
issue-1803	96	19	because	because	SCONJ
issue-1803	96	20	it	it	PRON
issue-1803	96	21	increases	increase	VERB
issue-1803	96	22	portfolio	portfolio	NOUN
issue-1803	96	23	returns	return	NOUN
issue-1803	96	24	and	and	CCONJ
issue-1803	96	25	reduces	reduce	VERB
issue-1803	96	26	risk	risk	NOUN
issue-1803	96	27	.	.	PUNCT
issue-1803	97	1	the	the	DET
issue-1803	97	2	benefits	benefit	NOUN
issue-1803	97	3	of	of	ADP
issue-1803	97	4	international	international	ADJ
issue-1803	97	5	diversification	diversification	NOUN
issue-1803	97	6	theory	theory	NOUN
issue-1803	97	7	have	have	AUX
issue-1803	97	8	been	be	AUX
issue-1803	97	9	repeatedly	repeatedly	ADV
issue-1803	97	10	empirically	empirically	ADV
issue-1803	97	11	tested	test	VERB
issue-1803	97	12	and	and	CCONJ
issue-1803	97	13	recognized	recognize	VERB
issue-1803	97	14	by	by	ADP
issue-1803	97	15	global	global	ADJ
issue-1803	97	16	academic	academic	ADJ
issue-1803	97	17	community	community	NOUN
issue-1803	97	18	,	,	PUNCT
issue-1803	97	19	e.g.	e.g.	ADV
issue-1803	97	20	,	,	PUNCT
issue-1803	97	21	levy	levy	NOUN
issue-1803	97	22	and	and	CCONJ
issue-1803	97	23	sarnat	sarnat	NOUN
issue-1803	97	24	(	(	PUNCT
issue-1803	97	25	1970	1970	NUM
issue-1803	97	26	)	)	PUNCT
issue-1803	97	27	,	,	PUNCT
issue-1803	97	28	sercu	sercu	NOUN
issue-1803	97	29	(	(	PUNCT
issue-1803	97	30	1980	1980	NUM
issue-1803	97	31	)	)	PUNCT
issue-1803	97	32	,	,	PUNCT
issue-1803	97	33	grauer	grauer	NOUN
issue-1803	97	34	and	and	CCONJ
issue-1803	97	35	hakansson	hakansson	PROPN
issue-1803	97	36	(	(	PUNCT
issue-1803	97	37	1987	1987	NUM
issue-1803	97	38	)	)	PUNCT
issue-1803	97	39	,	,	PUNCT
issue-1803	97	40	among	among	ADP
issue-1803	97	41	others	other	NOUN
issue-1803	97	42	.	.	PUNCT
issue-1803	98	1	however	however	ADV
issue-1803	98	2	,	,	PUNCT
issue-1803	98	3	another	another	DET
issue-1803	98	4	body	body	NOUN
issue-1803	98	5	of	of	ADP
issue-1803	98	6	research	research	NOUN
issue-1803	98	7	argues	argue	VERB
issue-1803	98	8	that	that	SCONJ
issue-1803	98	9	investors	investor	NOUN
issue-1803	98	10	are	be	AUX
issue-1803	98	11	not	not	PART
issue-1803	98	12	taking	take	VERB
issue-1803	98	13	full	full	ADJ
issue-1803	98	14	advantage	advantage	NOUN
issue-1803	98	15	of	of	ADP
issue-1803	98	16	international	international	ADJ
issue-1803	98	17	portfolio	portfolio	NOUN
issue-1803	98	18	diversification	diversification	NOUN
issue-1803	98	19	.	.	PUNCT
issue-1803	99	1	in	in	ADP
issue-1803	99	2	fact	fact	NOUN
issue-1803	99	3	,	,	PUNCT
issue-1803	99	4	the	the	DET
issue-1803	99	5	structure	structure	NOUN
issue-1803	99	6	of	of	ADP
issue-1803	99	7	many	many	ADJ
issue-1803	99	8	investment	investment	NOUN
issue-1803	99	9	portfolios	portfolio	NOUN
issue-1803	99	10	does	do	AUX
issue-1803	99	11	not	not	PART
issue-1803	99	12	match	match	VERB
issue-1803	99	13	the	the	DET
issue-1803	99	14	recommended	recommend	VERB
issue-1803	99	15	international	international	ADJ
issue-1803	99	16	portfolio	portfolio	NOUN
issue-1803	99	17	.	.	PUNCT
issue-1803	100	1	this	this	DET
issue-1803	100	2	discrepancy	discrepancy	NOUN
issue-1803	100	3	between	between	ADP
issue-1803	100	4	the	the	DET
issue-1803	100	5	practice	practice	NOUN
issue-1803	100	6	and	and	CCONJ
issue-1803	100	7	theory	theory	NOUN
issue-1803	100	8	of	of	ADP
issue-1803	100	9	international	international	ADJ
issue-1803	100	10	portfolio	portfolio	NOUN
issue-1803	100	11	investing	investing	NOUN
issue-1803	100	12	has	have	AUX
issue-1803	100	13	been	be	AUX
issue-1803	100	14	called	call	VERB
issue-1803	100	15	the	the	DET
issue-1803	100	16	home	home	NOUN
issue-1803	100	17	bias	bias	NOUN
issue-1803	100	18	.	.	PUNCT
issue-1803	101	1	home	home	NOUN
issue-1803	101	2	bias	bias	NOUN
issue-1803	101	3	is	be	AUX
issue-1803	101	4	a	a	DET
issue-1803	101	5	kind	kind	NOUN
issue-1803	101	6	of	of	ADP
issue-1803	101	7	suboptimal	suboptimal	ADJ
issue-1803	101	8	investor	investor	NOUN
issue-1803	101	9	behavior	behavior	NOUN
issue-1803	101	10	because	because	SCONJ
issue-1803	101	11	it	it	PRON
issue-1803	101	12	does	do	AUX
issue-1803	101	13	not	not	PART
issue-1803	101	14	maximize	maximize	VERB
issue-1803	101	15	the	the	DET
issue-1803	101	16	utility	utility	NOUN
issue-1803	101	17	of	of	ADP
issue-1803	101	18	an	an	DET
issue-1803	101	19	investment	investment	NOUN
issue-1803	101	20	decision	decision	NOUN
issue-1803	101	21	.	.	PUNCT
issue-1803	102	1	it	it	PRON
issue-1803	102	2	is	be	AUX
issue-1803	102	3	one	one	NUM
issue-1803	102	4	of	of	ADP
issue-1803	102	5	the	the	DET
issue-1803	102	6	unresolved	unresolved	ADJ
issue-1803	102	7	phenomena	phenomenon	NOUN
issue-1803	102	8	in	in	ADP
issue-1803	102	9	modern	modern	ADJ
issue-1803	102	10	finance	finance	NOUN
issue-1803	102	11	and	and	CCONJ
issue-1803	102	12	part	part	NOUN
issue-1803	102	13	of	of	ADP
issue-1803	102	14	an	an	DET
issue-1803	102	15	array	array	NOUN
issue-1803	102	16	of	of	ADP
issue-1803	102	17	different	different	ADJ
issue-1803	102	18	behavioral	behavioral	ADJ
issue-1803	102	19	biases	bias	NOUN
issue-1803	102	20	.	.	PUNCT
issue-1803	103	1	home	home	NOUN
issue-1803	103	2	bias	bias	NOUN
issue-1803	103	3	is	be	AUX
issue-1803	103	4	a	a	DET
issue-1803	103	5	complex	complex	ADJ
issue-1803	103	6	phenomenon	phenomenon	NOUN
issue-1803	103	7	in	in	ADP
issue-1803	103	8	international	international	ADJ
issue-1803	103	9	finance	finance	NOUN
issue-1803	103	10	.	.	PUNCT
issue-1803	104	1	it	it	PRON
issue-1803	104	2	can	can	AUX
issue-1803	104	3	be	be	AUX
issue-1803	104	4	considered	consider	VERB
issue-1803	104	5	at	at	ADP
issue-1803	104	6	different	different	ADJ
issue-1803	104	7	levels	level	NOUN
issue-1803	104	8	for	for	ADP
issue-1803	104	9	different	different	ADJ
issue-1803	104	10	markets	market	NOUN
issue-1803	104	11	and	and	CCONJ
issue-1803	104	12	securities	security	NOUN
issue-1803	104	13	.	.	PUNCT
issue-1803	105	1	there	there	PRON
issue-1803	105	2	are	be	VERB
issue-1803	105	3	various	various	ADJ
issue-1803	105	4	definitions	definition	NOUN
issue-1803	105	5	of	of	ADP
issue-1803	105	6	home	home	NOUN
issue-1803	105	7	bias	bias	NOUN
issue-1803	105	8	,	,	PUNCT
issue-1803	105	9	so	so	SCONJ
issue-1803	105	10	it	it	PRON
issue-1803	105	11	is	be	AUX
issue-1803	105	12	necessary	necessary	ADJ
issue-1803	105	13	to	to	PART
issue-1803	105	14	cite	cite	VERB
issue-1803	105	15	some	some	PRON
issue-1803	105	16	of	of	ADP
issue-1803	105	17	them	they	PRON
issue-1803	105	18	.	.	PUNCT
issue-1803	106	1	cooper	cooper	PROPN
issue-1803	106	2	,	,	PUNCT
issue-1803	106	3	sercu	sercu	PROPN
issue-1803	106	4	,	,	PUNCT
issue-1803	106	5	and	and	CCONJ
issue-1803	106	6	vanpee	vanpee	NOUN
issue-1803	106	7	(	(	PUNCT
issue-1803	106	8	2013	2013	NUM
issue-1803	106	9	)	)	PUNCT
issue-1803	106	10	identify	identify	VERB
issue-1803	106	11	equity	equity	NOUN
issue-1803	106	12	home	home	NOUN
issue-1803	106	13	bias	bias	NOUN
issue-1803	106	14	as	as	ADP
issue-1803	106	15	"	"	PUNCT
issue-1803	106	16	the	the	DET
issue-1803	106	17	empirical	empirical	ADJ
issue-1803	106	18	phenomenon	phenomenon	NOUN
issue-1803	106	19	that	that	SCONJ
issue-1803	106	20	investors	investor	NOUN
issue-1803	106	21	’	'	PUNCT
issue-1803	106	22	portfolios	portfolio	NOUN
issue-1803	106	23	are	be	AUX
issue-1803	106	24	concentrated	concentrate	VERB
issue-1803	106	25	in	in	ADP
issue-1803	106	26	domestic	domestic	ADJ
issue-1803	106	27	equities	equity	NOUN
issue-1803	106	28	to	to	ADP
issue-1803	106	29	a	a	DET
issue-1803	106	30	much	much	ADV
issue-1803	106	31	greater	great	ADJ
issue-1803	106	32	degree	degree	NOUN
issue-1803	106	33	than	than	SCONJ
issue-1803	106	34	justified	justify	VERB
issue-1803	106	35	by	by	ADP
issue-1803	106	36	portfolio	portfolio	NOUN
issue-1803	106	37	theory	theory	NOUN
issue-1803	106	38	"	"	PUNCT
issue-1803	106	39	.	.	PUNCT
issue-1803	107	1	fidora	fidora	PROPN
issue-1803	107	2	,	,	PUNCT
issue-1803	107	3	fratzscher	fratzscher	PROPN
issue-1803	107	4	,	,	PUNCT
issue-1803	107	5	and	and	CCONJ
issue-1803	107	6	thimann	thimann	PROPN
issue-1803	107	7	(	(	PUNCT
issue-1803	107	8	2007	2007	NUM
issue-1803	107	9	)	)	PUNCT
issue-1803	107	10	set	set	VERB
issue-1803	107	11	out	out	ADP
issue-1803	107	12	that	that	SCONJ
issue-1803	107	13	home	home	NOUN
issue-1803	107	14	bias	bias	NOUN
issue-1803	107	15	is	be	AUX
issue-1803	107	16	"	"	PUNCT
issue-1803	107	17	(	(	PUNCT
issue-1803	107	18	an	an	DET
issue-1803	107	19	attitude	attitude	NOUN
issue-1803	107	20	)	)	PUNCT
issue-1803	107	21	baltic	baltic	ADJ
issue-1803	107	22	journal	journal	NOUN
issue-1803	107	23	of	of	ADP
issue-1803	107	24	economic	economic	ADJ
issue-1803	107	25	studies	study	NOUN
issue-1803	107	26	56	56	NUM
issue-1803	107	27	vol	vol	NOUN
issue-1803	107	28	.	.	PROPN
issue-1803	107	29	8	8	NUM
issue-1803	108	1	no	no	NOUN
issue-1803	108	2	.	.	NOUN
issue-1803	109	1	3	3	NUM
issue-1803	109	2	,	,	PUNCT
issue-1803	109	3	2022	2022	NUM
issue-1803	109	4	towards	towards	ADP
issue-1803	109	5	holding	hold	VERB
issue-1803	109	6	domestic	domestic	ADJ
issue-1803	109	7	financial	financial	ADJ
issue-1803	109	8	assets	asset	NOUN
issue-1803	109	9	"	"	PUNCT
issue-1803	109	10	.	.	PUNCT
issue-1803	110	1	chan	chan	PROPN
issue-1803	110	2	,	,	PUNCT
issue-1803	110	3	covrig	covrig	PROPN
issue-1803	110	4	,	,	PUNCT
issue-1803	110	5	and	and	CCONJ
issue-1803	110	6	ng	ng	PROPN
issue-1803	110	7	(	(	PUNCT
issue-1803	110	8	2005	2005	NUM
issue-1803	110	9	)	)	PUNCT
issue-1803	110	10	determine	determine	VERB
issue-1803	110	11	that	that	DET
issue-1803	110	12	home	home	NOUN
issue-1803	110	13	bias	bias	NOUN
issue-1803	110	14	is	be	AUX
issue-1803	110	15	"	"	PUNCT
issue-1803	110	16	a	a	DET
issue-1803	110	17	phenomenon	phenomenon	NOUN
issue-1803	110	18	,	,	PUNCT
issue-1803	110	19	when	when	SCONJ
issue-1803	110	20	investors	investor	NOUN
issue-1803	110	21	do	do	AUX
issue-1803	110	22	not	not	PART
issue-1803	110	23	exploit	exploit	VERB
issue-1803	110	24	diversification	diversification	NOUN
issue-1803	110	25	opportunities	opportunity	NOUN
issue-1803	110	26	,	,	PUNCT
issue-1803	110	27	as	as	SCONJ
issue-1803	110	28	they	they	PRON
issue-1803	110	29	allocate	allocate	VERB
issue-1803	110	30	a	a	DET
issue-1803	110	31	relatively	relatively	ADV
issue-1803	110	32	large	large	ADJ
issue-1803	110	33	fraction	fraction	NOUN
issue-1803	110	34	of	of	ADP
issue-1803	110	35	their	their	PRON
issue-1803	110	36	wealth	wealth	NOUN
issue-1803	110	37	to	to	ADP
issue-1803	110	38	domestic	domestic	ADJ
issue-1803	110	39	equities	equity	NOUN
issue-1803	110	40	"	"	PUNCT
issue-1803	110	41	.	.	PUNCT
issue-1803	111	1	as	as	ADV
issue-1803	111	2	far	far	ADV
issue-1803	111	3	as	as	SCONJ
issue-1803	111	4	1970s	1970	NOUN
issue-1803	111	5	levy	levy	NOUN
issue-1803	111	6	and	and	CCONJ
issue-1803	111	7	sarnat	sarnat	NOUN
issue-1803	111	8	(	(	PUNCT
issue-1803	111	9	1970	1970	NUM
issue-1803	111	10	)	)	PUNCT
issue-1803	111	11	revealed	reveal	VERB
issue-1803	111	12	that	that	SCONJ
issue-1803	111	13	foreign	foreign	ADJ
issue-1803	111	14	investment	investment	NOUN
issue-1803	111	15	assets	asset	NOUN
issue-1803	111	16	made	make	VERB
issue-1803	111	17	up	up	ADP
issue-1803	111	18	less	less	ADJ
issue-1803	111	19	than	than	SCONJ
issue-1803	111	20	expected	expect	VERB
issue-1803	111	21	share	share	NOUN
issue-1803	111	22	of	of	ADP
issue-1803	111	23	american	american	PROPN
issue-1803	111	24	investors	investors	PROPN
issue-1803	111	25	portfolio	portfolio	NOUN
issue-1803	111	26	.	.	PUNCT
issue-1803	112	1	another	another	DET
issue-1803	112	2	fundamental	fundamental	ADJ
issue-1803	112	3	research	research	NOUN
issue-1803	112	4	has	have	AUX
issue-1803	112	5	been	be	AUX
issue-1803	112	6	made	make	VERB
issue-1803	112	7	by	by	ADP
issue-1803	112	8	french	french	ADJ
issue-1803	112	9	and	and	CCONJ
issue-1803	112	10	poterba	poterba	NOUN
issue-1803	112	11	(	(	PUNCT
issue-1803	112	12	1991	1991	NUM
issue-1803	112	13	)	)	PUNCT
issue-1803	112	14	who	who	PRON
issue-1803	112	15	demonstrate	demonstrate	VERB
issue-1803	112	16	that	that	SCONJ
issue-1803	112	17	investors	investor	NOUN
issue-1803	112	18	in	in	ADP
issue-1803	112	19	the	the	DET
issue-1803	112	20	usa	usa	PROPN
issue-1803	112	21	,	,	PUNCT
issue-1803	112	22	japan	japan	PROPN
issue-1803	112	23	,	,	PUNCT
issue-1803	112	24	uk	uk	PROPN
issue-1803	112	25	,	,	PUNCT
issue-1803	112	26	germany	germany	PROPN
issue-1803	112	27	,	,	PUNCT
issue-1803	112	28	and	and	CCONJ
issue-1803	112	29	france	france	PROPN
issue-1803	112	30	have	have	VERB
issue-1803	112	31	very	very	ADV
issue-1803	112	32	strong	strong	ADJ
issue-1803	112	33	preference	preference	NOUN
issue-1803	112	34	towards	towards	ADP
issue-1803	112	35	domestic	domestic	ADJ
issue-1803	112	36	stock	stock	NOUN
issue-1803	112	37	market	market	NOUN
issue-1803	112	38	.	.	PUNCT
issue-1803	113	1	moreover	moreover	ADV
issue-1803	113	2	,	,	PUNCT
issue-1803	113	3	the	the	DET
issue-1803	113	4	dominant	dominant	ADJ
issue-1803	113	5	part	part	NOUN
issue-1803	113	6	of	of	ADP
issue-1803	113	7	global	global	ADJ
issue-1803	113	8	equity	equity	NOUN
issue-1803	113	9	market	market	NOUN
issue-1803	113	10	is	be	AUX
issue-1803	113	11	owned	own	VERB
issue-1803	113	12	at	at	ADP
issue-1803	113	13	domestic	domestic	ADJ
issue-1803	113	14	level	level	NOUN
issue-1803	113	15	.	.	PUNCT
issue-1803	114	1	then	then	ADV
issue-1803	114	2	the	the	DET
issue-1803	114	3	number	number	NOUN
issue-1803	114	4	of	of	ADP
issue-1803	114	5	other	other	ADJ
issue-1803	114	6	studies	study	NOUN
issue-1803	114	7	confirmed	confirm	VERB
issue-1803	114	8	the	the	DET
issue-1803	114	9	results	result	NOUN
issue-1803	114	10	of	of	ADP
issue-1803	114	11	levy	levy	NOUN
issue-1803	114	12	and	and	CCONJ
issue-1803	114	13	sarnat	sarnat	NOUN
issue-1803	114	14	,	,	PUNCT
issue-1803	114	15	including	include	VERB
issue-1803	114	16	existence	existence	NOUN
issue-1803	114	17	of	of	ADP
issue-1803	114	18	home	home	NOUN
issue-1803	114	19	bias	bias	NOUN
issue-1803	114	20	for	for	ADP
issue-1803	114	21	other	other	ADJ
issue-1803	114	22	markets	market	NOUN
issue-1803	114	23	,	,	PUNCT
issue-1803	114	24	e.g.	e.g.	ADV
issue-1803	114	25	,	,	PUNCT
issue-1803	114	26	cooper	cooper	NOUN
issue-1803	114	27	and	and	CCONJ
issue-1803	114	28	kaplanis	kaplanis	PROPN
issue-1803	114	29	(	(	PUNCT
issue-1803	114	30	1994	1994	NUM
issue-1803	114	31	)	)	PUNCT
issue-1803	114	32	,	,	PUNCT
issue-1803	114	33	tesar	tesar	NUM
issue-1803	114	34	and	and	CCONJ
issue-1803	114	35	werner	werner	PROPN
issue-1803	114	36	(	(	PUNCT
issue-1803	114	37	1994	1994	NUM
issue-1803	114	38	)	)	PUNCT
issue-1803	114	39	,	,	PUNCT
issue-1803	114	40	ahearne	ahearne	ADJ
issue-1803	114	41	,	,	PUNCT
issue-1803	114	42	griever	griever	NOUN
issue-1803	114	43	,	,	PUNCT
issue-1803	114	44	and	and	CCONJ
issue-1803	114	45	warnock	warnock	NOUN
issue-1803	114	46	(	(	PUNCT
issue-1803	114	47	2001	2001	NUM
issue-1803	114	48	)	)	PUNCT
issue-1803	114	49	,	,	PUNCT
issue-1803	114	50	karolyi	karolyi	NOUN
issue-1803	114	51	and	and	CCONJ
issue-1803	114	52	stulz	stulz	ADJ
issue-1803	114	53	(	(	PUNCT
issue-1803	114	54	2003	2003	NUM
issue-1803	114	55	)	)	PUNCT
issue-1803	114	56	,	,	PUNCT
issue-1803	114	57	solnik	solnik	X
issue-1803	114	58	(	(	PUNCT
issue-1803	114	59	2008	2008	NUM
issue-1803	114	60	)	)	PUNCT
issue-1803	114	61	,	,	PUNCT
issue-1803	114	62	vanpée	vanpée	ADV
issue-1803	114	63	and	and	CCONJ
issue-1803	114	64	demoore	demoore	ADJ
issue-1803	114	65	(	(	PUNCT
issue-1803	114	66	2012	2012	NUM
issue-1803	114	67	)	)	PUNCT
issue-1803	114	68	,	,	PUNCT
issue-1803	114	69	among	among	ADP
issue-1803	114	70	others	other	NOUN
issue-1803	114	71	.	.	PUNCT
issue-1803	115	1	a	a	DET
issue-1803	115	2	huge	huge	ADJ
issue-1803	115	3	body	body	NOUN
issue-1803	115	4	of	of	ADP
issue-1803	115	5	data	datum	NOUN
issue-1803	115	6	on	on	ADP
issue-1803	115	7	home	home	NOUN
issue-1803	115	8	bias	bias	NOUN
issue-1803	115	9	confirms	confirm	VERB
issue-1803	115	10	that	that	SCONJ
issue-1803	115	11	this	this	DET
issue-1803	115	12	phenomenon	phenomenon	NOUN
issue-1803	115	13	exists	exist	VERB
issue-1803	115	14	in	in	ADP
issue-1803	115	15	virtually	virtually	ADV
issue-1803	115	16	all	all	PRON
issue-1803	115	17	markets	market	NOUN
issue-1803	115	18	around	around	ADP
issue-1803	115	19	the	the	DET
issue-1803	115	20	world	world	NOUN
issue-1803	115	21	.	.	PUNCT
issue-1803	116	1	home	home	NOUN
issue-1803	116	2	bias	bias	NOUN
issue-1803	116	3	is	be	AUX
issue-1803	116	4	well	well	ADV
issue-1803	116	5	documented	document	VERB
issue-1803	116	6	for	for	ADP
issue-1803	116	7	various	various	ADJ
issue-1803	116	8	stock	stock	NOUN
issue-1803	116	9	markets	market	NOUN
issue-1803	116	10	around	around	ADP
issue-1803	116	11	the	the	DET
issue-1803	116	12	world	world	NOUN
issue-1803	116	13	.	.	PUNCT
issue-1803	117	1	however	however	ADV
issue-1803	117	2	,	,	PUNCT
issue-1803	117	3	home	home	NOUN
issue-1803	117	4	bias	bias	NOUN
issue-1803	117	5	for	for	ADP
issue-1803	117	6	other	other	ADJ
issue-1803	117	7	securities	security	NOUN
issue-1803	117	8	,	,	PUNCT
issue-1803	117	9	such	such	ADJ
issue-1803	117	10	as	as	ADP
issue-1803	117	11	bonds	bond	NOUN
issue-1803	117	12	,	,	PUNCT
issue-1803	117	13	requires	require	VERB
issue-1803	117	14	further	further	ADJ
issue-1803	117	15	analysis	analysis	NOUN
issue-1803	117	16	.	.	PUNCT
issue-1803	118	1	it	it	PRON
issue-1803	118	2	is	be	AUX
issue-1803	118	3	clear	clear	ADJ
issue-1803	118	4	that	that	SCONJ
issue-1803	118	5	the	the	DET
issue-1803	118	6	bond	bond	NOUN
issue-1803	118	7	market	market	NOUN
issue-1803	118	8	differs	differ	VERB
issue-1803	118	9	from	from	ADP
issue-1803	118	10	the	the	DET
issue-1803	118	11	stock	stock	NOUN
issue-1803	118	12	market	market	NOUN
issue-1803	118	13	in	in	ADP
issue-1803	118	14	terms	term	NOUN
issue-1803	118	15	of	of	ADP
issue-1803	118	16	pricing	pricing	NOUN
issue-1803	118	17	of	of	ADP
issue-1803	118	18	securities	security	NOUN
issue-1803	118	19	,	,	PUNCT
issue-1803	118	20	dynamics	dynamic	NOUN
issue-1803	118	21	,	,	PUNCT
issue-1803	118	22	institutions	institution	NOUN
issue-1803	118	23	,	,	PUNCT
issue-1803	118	24	regulation	regulation	NOUN
issue-1803	118	25	,	,	PUNCT
issue-1803	118	26	etc	etc	X
issue-1803	118	27	.	.	X
issue-1803	118	28	yakubovskiy	yakubovskiy	PROPN
issue-1803	118	29	,	,	PUNCT
issue-1803	118	30	dominese	dominese	PROPN
issue-1803	118	31	,	,	PUNCT
issue-1803	118	32	rodionova	rodionova	NOUN
issue-1803	118	33	,	,	PUNCT
issue-1803	118	34	and	and	CCONJ
issue-1803	118	35	derenko	derenko	NOUN
issue-1803	118	36	(	(	PUNCT
issue-1803	118	37	2021	2021	NUM
issue-1803	118	38	)	)	PUNCT
issue-1803	118	39	investigate	investigate	VERB
issue-1803	118	40	the	the	DET
issue-1803	118	41	yields	yield	NOUN
issue-1803	118	42	dynamics	dynamic	NOUN
issue-1803	118	43	of	of	ADP
issue-1803	118	44	government	government	NOUN
issue-1803	118	45	bonds	bond	NOUN
issue-1803	118	46	for	for	ADP
issue-1803	118	47	some	some	DET
issue-1803	118	48	countries	country	NOUN
issue-1803	118	49	of	of	ADP
issue-1803	118	50	the	the	DET
issue-1803	118	51	emu	emu	PROPN
issue-1803	118	52	and	and	CCONJ
issue-1803	118	53	find	find	VERB
issue-1803	118	54	that	that	SCONJ
issue-1803	118	55	internal	internal	ADJ
issue-1803	118	56	factors	factor	NOUN
issue-1803	118	57	of	of	ADP
issue-1803	118	58	yield	yield	NOUN
issue-1803	118	59	determination	determination	NOUN
issue-1803	118	60	have	have	AUX
issue-1803	118	61	become	become	VERB
issue-1803	118	62	less	less	ADV
issue-1803	118	63	significant	significant	ADJ
issue-1803	118	64	,	,	PUNCT
issue-1803	118	65	while	while	SCONJ
issue-1803	118	66	the	the	DET
issue-1803	118	67	central	central	ADJ
issue-1803	118	68	bank	bank	NOUN
issue-1803	118	69	policy	policy	NOUN
issue-1803	118	70	and	and	CCONJ
issue-1803	118	71	its	its	PRON
issue-1803	118	72	monetary	monetary	ADJ
issue-1803	118	73	instruments	instrument	NOUN
issue-1803	118	74	play	play	VERB
issue-1803	118	75	more	more	ADV
issue-1803	118	76	important	important	ADJ
issue-1803	118	77	role	role	NOUN
issue-1803	118	78	in	in	ADP
issue-1803	118	79	the	the	DET
issue-1803	118	80	dynamics	dynamic	NOUN
issue-1803	118	81	of	of	ADP
issue-1803	118	82	bonds	bond	NOUN
issue-1803	118	83	yields	yield	NOUN
issue-1803	118	84	.	.	PUNCT
issue-1803	119	1	even	even	ADV
issue-1803	119	2	though	though	SCONJ
issue-1803	119	3	there	there	PRON
issue-1803	119	4	is	be	VERB
issue-1803	119	5	a	a	DET
issue-1803	119	6	broad	broad	ADJ
issue-1803	119	7	range	range	NOUN
issue-1803	119	8	of	of	ADP
issue-1803	119	9	different	different	ADJ
issue-1803	119	10	papers	paper	NOUN
issue-1803	119	11	on	on	ADP
issue-1803	119	12	the	the	DET
issue-1803	119	13	causes	cause	NOUN
issue-1803	119	14	of	of	ADP
issue-1803	119	15	home	home	NOUN
issue-1803	119	16	bias	bias	NOUN
issue-1803	119	17	existence	existence	NOUN
issue-1803	119	18	,	,	PUNCT
issue-1803	119	19	such	such	ADJ
issue-1803	119	20	as	as	ADP
issue-1803	119	21	ahearne	ahearne	ADJ
issue-1803	119	22	,	,	PUNCT
issue-1803	119	23	griever	griever	NOUN
issue-1803	119	24	,	,	PUNCT
issue-1803	119	25	and	and	CCONJ
issue-1803	119	26	warnock	warnock	NOUN
issue-1803	119	27	(	(	PUNCT
issue-1803	119	28	2001	2001	NUM
issue-1803	119	29	)	)	PUNCT
issue-1803	119	30	,	,	PUNCT
issue-1803	119	31	cai	cai	PROPN
issue-1803	119	32	and	and	CCONJ
issue-1803	119	33	warnock	warnock	PROPN
issue-1803	119	34	(	(	PUNCT
issue-1803	119	35	2005	2005	NUM
issue-1803	119	36	)	)	PUNCT
issue-1803	119	37	,	,	PUNCT
issue-1803	119	38	dvorak	dvorak	PROPN
issue-1803	119	39	(	(	PUNCT
issue-1803	119	40	2005	2005	NUM
issue-1803	119	41	)	)	PUNCT
issue-1803	119	42	,	,	PUNCT
issue-1803	119	43	daude	daude	NOUN
issue-1803	119	44	and	and	CCONJ
issue-1803	119	45	fratzscher	fratzscher	NOUN
issue-1803	119	46	(	(	PUNCT
issue-1803	119	47	2008	2008	NUM
issue-1803	119	48	)	)	PUNCT
issue-1803	119	49	,	,	PUNCT
issue-1803	119	50	coeurdacier	coeurdacier	NOUN
issue-1803	119	51	and	and	CCONJ
issue-1803	119	52	gourinchas	gourinchas	X
issue-1803	119	53	(	(	PUNCT
issue-1803	119	54	2016	2016	NUM
issue-1803	119	55	)	)	PUNCT
issue-1803	119	56	,	,	PUNCT
issue-1803	119	57	bose	bose	PROPN
issue-1803	119	58	,	,	PUNCT
issue-1803	119	59	macdonald	macdonald	PROPN
issue-1803	119	60	,	,	PUNCT
issue-1803	119	61	and	and	CCONJ
issue-1803	119	62	tsoukas	tsoukas	PROPN
issue-1803	119	63	(	(	PUNCT
issue-1803	119	64	2015	2015	NUM
issue-1803	119	65	)	)	PUNCT
issue-1803	119	66	,	,	PUNCT
issue-1803	119	67	among	among	ADP
issue-1803	119	68	others	other	NOUN
issue-1803	119	69	,	,	PUNCT
issue-1803	119	70	there	there	PRON
issue-1803	119	71	is	be	VERB
issue-1803	119	72	still	still	ADV
issue-1803	119	73	no	no	DET
issue-1803	119	74	consent	consent	NOUN
issue-1803	119	75	on	on	ADP
issue-1803	119	76	the	the	DET
issue-1803	119	77	fundamental	fundamental	ADJ
issue-1803	119	78	cause	cause	NOUN
issue-1803	119	79	of	of	ADP
issue-1803	119	80	home	home	NOUN
issue-1803	119	81	bias	bias	NOUN
issue-1803	119	82	.	.	PUNCT
issue-1803	120	1	many	many	ADJ
issue-1803	120	2	different	different	ADJ
issue-1803	120	3	assumptions	assumption	NOUN
issue-1803	120	4	have	have	AUX
issue-1803	120	5	been	be	AUX
issue-1803	120	6	made	make	VERB
issue-1803	120	7	,	,	PUNCT
issue-1803	120	8	ranging	range	VERB
issue-1803	120	9	from	from	ADP
issue-1803	120	10	asymmetries	asymmetry	NOUN
issue-1803	120	11	of	of	ADP
issue-1803	120	12	information	information	NOUN
issue-1803	120	13	to	to	ADP
issue-1803	120	14	the	the	DET
issue-1803	120	15	degree	degree	NOUN
issue-1803	120	16	of	of	ADP
issue-1803	120	17	development	development	NOUN
issue-1803	120	18	of	of	ADP
issue-1803	120	19	financial	financial	ADJ
issue-1803	120	20	markets	market	NOUN
issue-1803	120	21	and	and	CCONJ
issue-1803	120	22	the	the	DET
issue-1803	120	23	level	level	NOUN
issue-1803	120	24	of	of	ADP
issue-1803	120	25	financial	financial	ADJ
issue-1803	120	26	education	education	NOUN
issue-1803	120	27	.	.	PUNCT
issue-1803	121	1	from	from	ADP
issue-1803	121	2	the	the	DET
issue-1803	121	3	authors	author	NOUN
issue-1803	121	4	'	'	PART
issue-1803	121	5	point	point	NOUN
issue-1803	121	6	of	of	ADP
issue-1803	121	7	view	view	NOUN
issue-1803	121	8	,	,	PUNCT
issue-1803	121	9	behavioral	behavioral	ADJ
issue-1803	121	10	factors	factor	NOUN
issue-1803	121	11	play	play	VERB
issue-1803	121	12	an	an	DET
issue-1803	121	13	important	important	ADJ
issue-1803	121	14	role	role	NOUN
issue-1803	121	15	in	in	ADP
issue-1803	121	16	the	the	DET
issue-1803	121	17	spread	spread	NOUN
issue-1803	121	18	of	of	ADP
issue-1803	121	19	home	home	NOUN
issue-1803	121	20	bias	bias	NOUN
issue-1803	121	21	,	,	PUNCT
issue-1803	121	22	as	as	SCONJ
issue-1803	121	23	many	many	ADJ
issue-1803	121	24	investors	investor	NOUN
issue-1803	121	25	,	,	PUNCT
issue-1803	121	26	especially	especially	ADV
issue-1803	121	27	nonprofessional	nonprofessional	ADJ
issue-1803	121	28	investors	investor	NOUN
issue-1803	121	29	,	,	PUNCT
issue-1803	121	30	often	often	ADV
issue-1803	121	31	perceive	perceive	VERB
issue-1803	121	32	foreign	foreign	ADJ
issue-1803	121	33	financial	financial	ADJ
issue-1803	121	34	markets	market	NOUN
issue-1803	121	35	as	as	ADP
issue-1803	121	36	something	something	PRON
issue-1803	121	37	unknown	unknown	ADJ
issue-1803	121	38	,	,	PUNCT
issue-1803	121	39	unpredictable	unpredictable	ADJ
issue-1803	121	40	and	and	CCONJ
issue-1803	121	41	uncertain	uncertain	ADJ
issue-1803	121	42	due	due	ADP
issue-1803	121	43	to	to	ADP
issue-1803	121	44	a	a	DET
issue-1803	121	45	lack	lack	NOUN
issue-1803	121	46	of	of	ADP
issue-1803	121	47	professional	professional	ADJ
issue-1803	121	48	competence	competence	NOUN
issue-1803	121	49	and	and	CCONJ
issue-1803	121	50	experience	experience	NOUN
issue-1803	121	51	.	.	PUNCT
issue-1803	122	1	kim	kim	PROPN
issue-1803	122	2	and	and	CCONJ
issue-1803	122	3	kim	kim	PROPN
issue-1803	122	4	(	(	PUNCT
issue-1803	122	5	2022	2022	NUM
issue-1803	122	6	)	)	PUNCT
issue-1803	122	7	maintain	maintain	VERB
issue-1803	122	8	that	that	SCONJ
issue-1803	122	9	unfamiliarity	unfamiliarity	NOUN
issue-1803	122	10	with	with	ADP
issue-1803	122	11	a	a	DET
issue-1803	122	12	specific	specific	ADJ
issue-1803	122	13	country	country	NOUN
issue-1803	122	14	has	have	VERB
issue-1803	122	15	a	a	DET
issue-1803	122	16	strong	strong	ADJ
issue-1803	122	17	positive	positive	ADJ
issue-1803	122	18	correlation	correlation	NOUN
issue-1803	122	19	with	with	ADP
issue-1803	122	20	the	the	DET
issue-1803	122	21	level	level	NOUN
issue-1803	122	22	of	of	ADP
issue-1803	122	23	home	home	NOUN
issue-1803	122	24	bias	bias	NOUN
issue-1803	122	25	in	in	ADP
issue-1803	122	26	the	the	DET
issue-1803	122	27	international	international	ADJ
issue-1803	122	28	equity	equity	NOUN
issue-1803	122	29	markets	market	NOUN
issue-1803	122	30	.	.	PUNCT
issue-1803	123	1	hiraki	hiraki	PROPN
issue-1803	123	2	and	and	CCONJ
issue-1803	123	3	liu	liu	PROPN
issue-1803	123	4	(	(	PUNCT
issue-1803	123	5	2021	2021	NUM
issue-1803	123	6	)	)	PUNCT
issue-1803	123	7	find	find	VERB
issue-1803	123	8	out	out	ADP
issue-1803	123	9	that	that	SCONJ
issue-1803	123	10	,	,	PUNCT
issue-1803	123	11	in	in	ADP
issue-1803	123	12	general	general	ADJ
issue-1803	123	13	,	,	PUNCT
issue-1803	123	14	managers	manager	NOUN
issue-1803	123	15	of	of	ADP
issue-1803	123	16	global	global	ADJ
issue-1803	123	17	equity	equity	NOUN
issue-1803	123	18	mutual	mutual	ADJ
issue-1803	123	19	funds	fund	NOUN
issue-1803	123	20	in	in	ADP
issue-1803	123	21	the	the	DET
issue-1803	123	22	usa	usa	PROPN
issue-1803	123	23	do	do	AUX
issue-1803	123	24	not	not	PART
issue-1803	123	25	tend	tend	VERB
issue-1803	123	26	to	to	PART
issue-1803	123	27	exhibit	exhibit	VERB
issue-1803	123	28	home	home	NOUN
issue-1803	123	29	bias	bias	NOUN
issue-1803	123	30	.	.	PUNCT
issue-1803	124	1	fund	fund	NOUN
issue-1803	124	2	managers	manager	NOUN
issue-1803	124	3	are	be	AUX
issue-1803	124	4	more	more	ADV
issue-1803	124	5	likely	likely	ADJ
issue-1803	124	6	to	to	PART
issue-1803	124	7	diversify	diversify	VERB
issue-1803	124	8	internationally	internationally	ADV
issue-1803	124	9	if	if	SCONJ
issue-1803	124	10	they	they	PRON
issue-1803	124	11	are	be	AUX
issue-1803	124	12	younger	young	ADJ
issue-1803	124	13	or	or	CCONJ
issue-1803	124	14	better	well	ADV
issue-1803	124	15	educated	educate	VERB
issue-1803	124	16	(	(	PUNCT
issue-1803	124	17	mba	mba	NOUN
issue-1803	124	18	or	or	CCONJ
issue-1803	124	19	international	international	ADJ
issue-1803	124	20	education	education	NOUN
issue-1803	124	21	)	)	PUNCT
issue-1803	124	22	.	.	PUNCT
issue-1803	125	1	one	one	NUM
issue-1803	125	2	of	of	ADP
issue-1803	125	3	the	the	DET
issue-1803	125	4	other	other	ADJ
issue-1803	125	5	reasons	reason	NOUN
issue-1803	125	6	for	for	ADP
issue-1803	125	7	the	the	DET
issue-1803	125	8	existence	existence	NOUN
issue-1803	125	9	of	of	ADP
issue-1803	125	10	a	a	DET
issue-1803	125	11	"	"	PUNCT
issue-1803	125	12	home	home	NOUN
issue-1803	125	13	bias	bias	NOUN
issue-1803	125	14	"	"	PUNCT
issue-1803	125	15	is	be	AUX
issue-1803	125	16	the	the	DET
issue-1803	125	17	degree	degree	NOUN
issue-1803	125	18	of	of	ADP
issue-1803	125	19	development	development	NOUN
issue-1803	125	20	of	of	ADP
issue-1803	125	21	the	the	DET
issue-1803	125	22	financial	financial	ADJ
issue-1803	125	23	markets	market	NOUN
issue-1803	125	24	.	.	PUNCT
issue-1803	126	1	it	it	PRON
issue-1803	126	2	is	be	AUX
issue-1803	126	3	clear	clear	ADJ
issue-1803	126	4	that	that	SCONJ
issue-1803	126	5	investors	investor	NOUN
issue-1803	126	6	prefer	prefer	VERB
issue-1803	126	7	developed	develop	VERB
issue-1803	126	8	capital	capital	NOUN
issue-1803	126	9	markets	market	NOUN
issue-1803	126	10	with	with	ADP
issue-1803	126	11	better	well	ADJ
issue-1803	126	12	liquidity	liquidity	NOUN
issue-1803	126	13	and	and	CCONJ
issue-1803	126	14	lower	low	ADJ
issue-1803	126	15	transaction	transaction	NOUN
issue-1803	126	16	costs	cost	NOUN
issue-1803	126	17	.	.	PUNCT
issue-1803	127	1	however	however	ADV
issue-1803	127	2	,	,	PUNCT
issue-1803	127	3	if	if	SCONJ
issue-1803	127	4	an	an	DET
issue-1803	127	5	investor	investor	NOUN
issue-1803	127	6	wants	want	VERB
issue-1803	127	7	to	to	PART
issue-1803	127	8	analyze	analyze	VERB
issue-1803	127	9	a	a	DET
issue-1803	127	10	specific	specific	ADJ
issue-1803	127	11	market	market	NOUN
issue-1803	127	12	to	to	PART
issue-1803	127	13	develop	develop	VERB
issue-1803	127	14	his	his	PRON
issue-1803	127	15	or	or	CCONJ
issue-1803	127	16	her	her	PRON
issue-1803	127	17	strategy	strategy	NOUN
issue-1803	127	18	,	,	PUNCT
issue-1803	127	19	it	it	PRON
issue-1803	127	20	is	be	AUX
issue-1803	127	21	necessary	necessary	ADJ
issue-1803	127	22	to	to	PART
issue-1803	127	23	identify	identify	VERB
issue-1803	127	24	key	key	ADJ
issue-1803	127	25	indicators	indicator	NOUN
issue-1803	127	26	for	for	ADP
issue-1803	127	27	evaluation	evaluation	NOUN
issue-1803	127	28	.	.	PUNCT
issue-1803	128	1	for	for	ADP
issue-1803	128	2	example	example	NOUN
issue-1803	128	3	,	,	PUNCT
issue-1803	128	4	it	it	PRON
issue-1803	128	5	should	should	AUX
issue-1803	128	6	be	be	AUX
issue-1803	128	7	noted	note	VERB
issue-1803	128	8	that	that	SCONJ
issue-1803	128	9	investors	investor	NOUN
issue-1803	128	10	pay	pay	VERB
issue-1803	128	11	a	a	DET
issue-1803	128	12	lot	lot	NOUN
issue-1803	128	13	of	of	ADP
issue-1803	128	14	attention	attention	NOUN
issue-1803	128	15	to	to	ADP
issue-1803	128	16	the	the	DET
issue-1803	128	17	international	international	ADJ
issue-1803	128	18	investment	investment	NOUN
issue-1803	128	19	position	position	NOUN
issue-1803	128	20	(	(	PUNCT
issue-1803	128	21	iip	iip	PROPN
issue-1803	128	22	)	)	PUNCT
issue-1803	128	23	of	of	ADP
issue-1803	128	24	the	the	DET
issue-1803	128	25	country	country	NOUN
issue-1803	128	26	entering	enter	VERB
issue-1803	128	27	the	the	DET
issue-1803	128	28	market	market	NOUN
issue-1803	128	29	.	.	PUNCT
issue-1803	129	1	based	base	VERB
issue-1803	129	2	on	on	ADP
issue-1803	129	3	a	a	DET
issue-1803	129	4	country	country	NOUN
issue-1803	129	5	's	's	PART
issue-1803	129	6	international	international	ADJ
issue-1803	129	7	investment	investment	NOUN
issue-1803	129	8	position	position	NOUN
issue-1803	129	9	,	,	PUNCT
issue-1803	129	10	an	an	DET
issue-1803	129	11	investor	investor	NOUN
issue-1803	129	12	can	can	AUX
issue-1803	129	13	monitor	monitor	VERB
issue-1803	129	14	the	the	DET
issue-1803	129	15	financial	financial	ADJ
issue-1803	129	16	openness	openness	NOUN
issue-1803	129	17	,	,	PUNCT
issue-1803	129	18	debt	debt	NOUN
issue-1803	129	19	sustainability	sustainability	NOUN
issue-1803	129	20	,	,	PUNCT
issue-1803	129	21	financial	financial	ADJ
issue-1803	129	22	stability	stability	NOUN
issue-1803	129	23	and	and	CCONJ
issue-1803	129	24	creditworthiness	creditworthiness	NOUN
issue-1803	129	25	of	of	ADP
issue-1803	129	26	,	,	PUNCT
issue-1803	129	27	among	among	ADP
issue-1803	129	28	other	other	ADJ
issue-1803	129	29	things	thing	NOUN
issue-1803	129	30	,	,	PUNCT
issue-1803	129	31	a	a	DET
issue-1803	129	32	particular	particular	ADJ
issue-1803	129	33	market	market	NOUN
issue-1803	129	34	.	.	PUNCT
issue-1803	130	1	zadoia	zadoia	PROPN
issue-1803	130	2	(	(	PUNCT
issue-1803	130	3	2021	2021	NUM
issue-1803	130	4	)	)	PUNCT
issue-1803	130	5	points	point	VERB
issue-1803	130	6	out	out	ADP
issue-1803	130	7	that	that	SCONJ
issue-1803	130	8	there	there	PRON
issue-1803	130	9	are	be	VERB
issue-1803	130	10	different	different	ADJ
issue-1803	130	11	models	model	NOUN
issue-1803	130	12	of	of	ADP
issue-1803	130	13	an	an	DET
issue-1803	130	14	international	international	ADJ
issue-1803	130	15	investment	investment	NOUN
issue-1803	130	16	position	position	NOUN
issue-1803	130	17	and	and	CCONJ
issue-1803	130	18	finds	find	VERB
issue-1803	130	19	that	that	DET
issue-1803	130	20	ukraine	ukraine	NOUN
issue-1803	130	21	,	,	PUNCT
issue-1803	130	22	for	for	ADP
issue-1803	130	23	instance	instance	NOUN
issue-1803	130	24	,	,	PUNCT
issue-1803	130	25	has	have	AUX
issue-1803	130	26	balanced	balance	VERB
issue-1803	130	27	iip	iip	PROPN
issue-1803	130	28	model	model	NOUN
issue-1803	130	29	,	,	PUNCT
issue-1803	130	30	while	while	SCONJ
issue-1803	130	31	czech	czech	PROPN
issue-1803	130	32	republic	republic	NOUN
issue-1803	130	33	is	be	AUX
issue-1803	130	34	moderate	moderate	ADJ
issue-1803	130	35	recipient	recipient	NOUN
issue-1803	130	36	,	,	PUNCT
issue-1803	130	37	and	and	CCONJ
issue-1803	130	38	hungary	hungary	PROPN
issue-1803	130	39	is	be	AUX
issue-1803	130	40	active	active	ADJ
issue-1803	130	41	recipient	recipient	NOUN
issue-1803	130	42	.	.	PUNCT
issue-1803	131	1	also	also	ADV
issue-1803	131	2	,	,	PUNCT
issue-1803	131	3	kim	kim	PROPN
issue-1803	131	4	and	and	CCONJ
issue-1803	131	5	kim	kim	PROPN
issue-1803	131	6	(	(	PUNCT
issue-1803	131	7	2021	2021	NUM
issue-1803	131	8	)	)	PUNCT
issue-1803	131	9	note	note	VERB
issue-1803	131	10	that	that	SCONJ
issue-1803	131	11	one	one	NUM
issue-1803	131	12	of	of	ADP
issue-1803	131	13	the	the	DET
issue-1803	131	14	reasons	reason	NOUN
issue-1803	131	15	for	for	ADP
issue-1803	131	16	home	home	NOUN
issue-1803	131	17	bias	bias	NOUN
issue-1803	131	18	is	be	AUX
issue-1803	131	19	the	the	DET
issue-1803	131	20	hedging	hedging	NOUN
issue-1803	131	21	against	against	ADP
issue-1803	131	22	real	real	ADJ
issue-1803	131	23	exchange	exchange	NOUN
issue-1803	131	24	rate	rate	NOUN
issue-1803	131	25	and	and	CCONJ
issue-1803	131	26	wage	wage	NOUN
issue-1803	131	27	risks	risk	NOUN
issue-1803	131	28	.	.	PUNCT
issue-1803	132	1	in	in	ADP
issue-1803	132	2	general	general	ADJ
issue-1803	132	3	,	,	PUNCT
issue-1803	132	4	it	it	PRON
issue-1803	132	5	is	be	AUX
issue-1803	132	6	possible	possible	ADJ
issue-1803	132	7	to	to	PART
issue-1803	132	8	determine	determine	VERB
issue-1803	132	9	some	some	DET
issue-1803	132	10	groups	group	NOUN
issue-1803	132	11	of	of	ADP
issue-1803	132	12	factors	factor	NOUN
issue-1803	132	13	,	,	PUNCT
issue-1803	132	14	such	such	ADJ
issue-1803	132	15	as	as	ADP
issue-1803	132	16	institutional	institutional	ADJ
issue-1803	132	17	factors	factor	NOUN
issue-1803	132	18	,	,	PUNCT
issue-1803	132	19	behavioral	behavioral	ADJ
issue-1803	132	20	factors	factor	NOUN
issue-1803	132	21	,	,	PUNCT
issue-1803	132	22	transaction	transaction	NOUN
issue-1803	132	23	factors	factor	NOUN
issue-1803	132	24	and	and	CCONJ
issue-1803	132	25	other	other	ADJ
issue-1803	132	26	factors	factor	NOUN
issue-1803	132	27	as	as	SCONJ
issue-1803	132	28	it	it	PRON
issue-1803	132	29	is	be	AUX
issue-1803	132	30	outlined	outline	VERB
issue-1803	132	31	in	in	ADP
issue-1803	132	32	dziuba	dziuba	PROPN
issue-1803	132	33	and	and	CCONJ
issue-1803	132	34	shtogrin	shtogrin	PROPN
issue-1803	132	35	(	(	PUNCT
issue-1803	132	36	2020	2020	NUM
issue-1803	132	37	)	)	PUNCT
issue-1803	132	38	.	.	PUNCT
issue-1803	133	1	home	home	NOUN
issue-1803	133	2	bias	bias	NOUN
issue-1803	133	3	refers	refer	VERB
issue-1803	133	4	to	to	ADP
issue-1803	133	5	a	a	DET
issue-1803	133	6	group	group	NOUN
issue-1803	133	7	of	of	ADP
issue-1803	133	8	behavioral	behavioral	ADJ
issue-1803	133	9	biases	bias	NOUN
issue-1803	133	10	studied	study	VERB
issue-1803	133	11	in	in	ADP
issue-1803	133	12	behavioral	behavioral	ADJ
issue-1803	133	13	economics	economic	NOUN
issue-1803	133	14	and	and	CCONJ
issue-1803	133	15	finance	finance	NOUN
issue-1803	133	16	.	.	PUNCT
issue-1803	134	1	behavioral	behavioral	ADJ
issue-1803	134	2	economics	economic	NOUN
issue-1803	134	3	and	and	CCONJ
issue-1803	134	4	finance	finance	NOUN
issue-1803	134	5	are	be	AUX
issue-1803	134	6	based	base	VERB
issue-1803	134	7	on	on	ADP
issue-1803	134	8	the	the	DET
issue-1803	134	9	fundamental	fundamental	ADJ
issue-1803	134	10	assumption	assumption	NOUN
issue-1803	134	11	that	that	SCONJ
issue-1803	134	12	economic	economic	ADJ
issue-1803	134	13	agents	agent	NOUN
issue-1803	134	14	are	be	AUX
issue-1803	134	15	not	not	PART
issue-1803	134	16	completely	completely	ADV
issue-1803	134	17	rational	rational	ADJ
issue-1803	134	18	in	in	ADP
issue-1803	134	19	their	their	PRON
issue-1803	134	20	decisions	decision	NOUN
issue-1803	134	21	.	.	PUNCT
issue-1803	135	1	however	however	ADV
issue-1803	135	2	,	,	PUNCT
issue-1803	135	3	people	people	NOUN
issue-1803	135	4	's	's	PART
issue-1803	135	5	behavior	behavior	NOUN
issue-1803	135	6	may	may	AUX
issue-1803	135	7	have	have	AUX
issue-1803	135	8	limited	limit	VERB
issue-1803	135	9	or	or	CCONJ
issue-1803	135	10	suboptimal	suboptimal	ADJ
issue-1803	135	11	rationality	rationality	NOUN
issue-1803	135	12	,	,	PUNCT
issue-1803	135	13	which	which	PRON
issue-1803	135	14	does	do	AUX
issue-1803	135	15	not	not	PART
issue-1803	135	16	produce	produce	VERB
issue-1803	135	17	the	the	DET
issue-1803	135	18	best	good	ADJ
issue-1803	135	19	results	result	NOUN
issue-1803	135	20	,	,	PUNCT
issue-1803	135	21	but	but	CCONJ
issue-1803	135	22	is	be	AUX
issue-1803	135	23	quite	quite	ADV
issue-1803	135	24	effective	effective	ADJ
issue-1803	135	25	in	in	ADP
issue-1803	135	26	meeting	meet	VERB
issue-1803	135	27	the	the	DET
issue-1803	135	28	needs	need	NOUN
issue-1803	135	29	of	of	ADP
issue-1803	135	30	the	the	DET
issue-1803	135	31	economic	economic	ADJ
issue-1803	135	32	agent	agent	NOUN
issue-1803	135	33	.	.	PUNCT
issue-1803	136	1	it	it	PRON
issue-1803	136	2	should	should	AUX
issue-1803	136	3	be	be	AUX
issue-1803	136	4	noted	note	VERB
issue-1803	136	5	that	that	SCONJ
issue-1803	136	6	there	there	PRON
issue-1803	136	7	is	be	VERB
issue-1803	136	8	a	a	DET
issue-1803	136	9	wide	wide	ADJ
issue-1803	136	10	range	range	NOUN
issue-1803	136	11	of	of	ADP
issue-1803	136	12	various	various	ADJ
issue-1803	136	13	behavioral	behavioral	ADJ
issue-1803	136	14	biases	bias	NOUN
issue-1803	136	15	that	that	PRON
issue-1803	136	16	influence	influence	VERB
issue-1803	136	17	the	the	DET
issue-1803	136	18	financial	financial	ADJ
issue-1803	136	19	decisions	decision	NOUN
issue-1803	136	20	of	of	ADP
issue-1803	136	21	investors	investor	NOUN
issue-1803	136	22	,	,	PUNCT
issue-1803	136	23	including	include	VERB
issue-1803	136	24	fomo	fomo	ADJ
issue-1803	136	25	effect	effect	NOUN
issue-1803	136	26	(	(	PUNCT
issue-1803	136	27	hershfield	hershfield	NOUN
issue-1803	136	28	,	,	PUNCT
issue-1803	136	29	2020	2020	NUM
issue-1803	136	30	)	)	PUNCT
issue-1803	136	31	,	,	PUNCT
issue-1803	136	32	irrational	irrational	ADJ
issue-1803	136	33	exuberance	exuberance	NOUN
issue-1803	136	34	(	(	PUNCT
issue-1803	136	35	shiller	shiller	NOUN
issue-1803	136	36	,	,	PUNCT
issue-1803	136	37	2015	2015	NUM
issue-1803	136	38	)	)	PUNCT
issue-1803	136	39	,	,	PUNCT
issue-1803	136	40	loss	loss	NOUN
issue-1803	136	41	aversion	aversion	NOUN
issue-1803	136	42	(	(	PUNCT
issue-1803	136	43	pompian	pompian	ADJ
issue-1803	136	44	,	,	PUNCT
issue-1803	136	45	2012	2012	NUM
issue-1803	136	46	)	)	PUNCT
issue-1803	136	47	,	,	PUNCT
issue-1803	136	48	overconfidence	overconfidence	NOUN
issue-1803	136	49	(	(	PUNCT
issue-1803	136	50	glaser	glaser	PROPN
issue-1803	136	51	and	and	CCONJ
issue-1803	136	52	weber	weber	PROPN
issue-1803	136	53	,	,	PUNCT
issue-1803	136	54	2007	2007	NUM
issue-1803	136	55	)	)	PUNCT
issue-1803	136	56	,	,	PUNCT
issue-1803	136	57	disposition	disposition	NOUN
issue-1803	136	58	effect	effect	NOUN
issue-1803	136	59	(	(	PUNCT
issue-1803	136	60	yang	yang	PROPN
issue-1803	136	61	,	,	PUNCT
issue-1803	136	62	2019	2019	NUM
issue-1803	136	63	)	)	PUNCT
issue-1803	136	64	,	,	PUNCT
issue-1803	136	65	endowment	endowment	NOUN
issue-1803	136	66	bias	bias	NOUN
issue-1803	136	67	(	(	PUNCT
issue-1803	136	68	thaler	thaler	NOUN
issue-1803	136	69	,	,	PUNCT
issue-1803	136	70	1980	1980	NUM
issue-1803	136	71	)	)	PUNCT
issue-1803	136	72	,	,	PUNCT
issue-1803	136	73	hindsight	hindsight	ADJ
issue-1803	136	74	bias	bias	NOUN
issue-1803	136	75	(	(	PUNCT
issue-1803	136	76	biais	biais	PROPN
issue-1803	136	77	and	and	CCONJ
issue-1803	136	78	weber	weber	PROPN
issue-1803	136	79	,	,	PUNCT
issue-1803	136	80	2009	2009	NUM
issue-1803	136	81	)	)	PUNCT
issue-1803	136	82	,	,	PUNCT
issue-1803	136	83	and	and	CCONJ
issue-1803	136	84	other	other	ADJ
issue-1803	136	85	effects	effect	NOUN
issue-1803	136	86	(	(	PUNCT
issue-1803	136	87	baker	baker	NOUN
issue-1803	136	88	and	and	CCONJ
issue-1803	136	89	nofsinger	nofsinger	NOUN
issue-1803	136	90	,	,	PUNCT
issue-1803	136	91	2010	2010	NUM
issue-1803	136	92	)	)	PUNCT
issue-1803	136	93	.	.	PUNCT
issue-1803	137	1	byrne	byrne	PROPN
issue-1803	137	2	and	and	CCONJ
issue-1803	137	3	brooks	brooks	PROPN
issue-1803	137	4	(	(	PUNCT
issue-1803	137	5	2008	2008	NUM
issue-1803	137	6	)	)	PUNCT
issue-1803	137	7	note	note	VERB
issue-1803	137	8	that	that	SCONJ
issue-1803	137	9	there	there	PRON
issue-1803	137	10	is	be	VERB
issue-1803	137	11	an	an	DET
issue-1803	137	12	alternative	alternative	ADJ
issue-1803	137	13	treatment	treatment	NOUN
issue-1803	137	14	of	of	ADP
issue-1803	137	15	investors	investor	NOUN
issue-1803	137	16	’	'	PUNCT
issue-1803	137	17	behaviour	behaviour	NOUN
issue-1803	137	18	,	,	PUNCT
issue-1803	137	19	meaning	mean	VERB
issue-1803	137	20	that	that	SCONJ
issue-1803	137	21	a	a	DET
issue-1803	137	22	significant	significant	ADJ
issue-1803	137	23	minority	minority	NOUN
issue-1803	137	24	of	of	ADP
issue-1803	137	25	investors	investor	NOUN
issue-1803	137	26	act	act	VERB
issue-1803	137	27	under	under	ADP
issue-1803	137	28	behavioral	behavioral	ADJ
issue-1803	137	29	biases	bias	NOUN
issue-1803	137	30	so	so	SCONJ
issue-1803	137	31	that	that	SCONJ
issue-1803	137	32	their	their	PRON
issue-1803	137	33	investment	investment	NOUN
issue-1803	137	34	decisions	decision	NOUN
issue-1803	137	35	are	be	AUX
issue-1803	137	36	not	not	PART
issue-1803	137	37	fully	fully	ADV
issue-1803	137	38	effective	effective	ADJ
issue-1803	137	39	.	.	PUNCT
issue-1803	138	1	hirshleifer	hirshleifer	NOUN
issue-1803	138	2	(	(	PUNCT
issue-1803	138	3	2015	2015	NUM
issue-1803	138	4	)	)	PUNCT
issue-1803	138	5	stresses	stress	VERB
issue-1803	138	6	that	that	SCONJ
issue-1803	138	7	"	"	PUNCT
issue-1803	138	8	modern	modern	ADJ
issue-1803	138	9	understanding	understanding	NOUN
issue-1803	138	10	of	of	ADP
issue-1803	138	11	the	the	DET
issue-1803	138	12	finance	finance	NOUN
issue-1803	138	13	field	field	NOUN
issue-1803	138	14	requires	require	VERB
issue-1803	138	15	grounding	ground	VERB
issue-1803	138	16	in	in	ADP
issue-1803	138	17	psychological	psychological	ADJ
issue-1803	138	18	as	as	ADV
issue-1803	138	19	well	well	ADV
issue-1803	138	20	as	as	ADP
issue-1803	138	21	rational	rational	ADJ
issue-1803	138	22	approaches	approach	NOUN
issue-1803	138	23	"	"	PUNCT
issue-1803	138	24	.	.	PUNCT
issue-1803	139	1	since	since	SCONJ
issue-1803	139	2	modern	modern	ADJ
issue-1803	139	3	portfolio	portfolio	NOUN
issue-1803	139	4	theory	theory	NOUN
issue-1803	139	5	is	be	AUX
issue-1803	139	6	thought	think	VERB
issue-1803	139	7	to	to	PART
issue-1803	139	8	be	be	AUX
issue-1803	139	9	part	part	NOUN
issue-1803	139	10	of	of	ADP
issue-1803	139	11	the	the	DET
issue-1803	139	12	neoclassical	neoclassical	ADJ
issue-1803	139	13	approach	approach	NOUN
issue-1803	139	14	to	to	ADP
issue-1803	139	15	finance	finance	NOUN
issue-1803	139	16	,	,	PUNCT
issue-1803	139	17	applying	apply	VERB
issue-1803	139	18	a	a	DET
issue-1803	139	19	behavioral	behavioral	ADJ
issue-1803	139	20	finance	finance	NOUN
issue-1803	139	21	perspective	perspective	NOUN
issue-1803	139	22	to	to	ADP
issue-1803	139	23	the	the	DET
issue-1803	139	24	model	model	NOUN
issue-1803	139	25	will	will	AUX
issue-1803	139	26	contribute	contribute	VERB
issue-1803	139	27	to	to	ADP
issue-1803	139	28	a	a	DET
issue-1803	139	29	better	well	ADJ
issue-1803	139	30	understanding	understanding	NOUN
issue-1803	139	31	of	of	ADP
issue-1803	139	32	global	global	ADJ
issue-1803	139	33	investment	investment	NOUN
issue-1803	139	34	flows	flow	NOUN
issue-1803	139	35	.	.	PUNCT
issue-1803	140	1	baltic	baltic	PROPN
issue-1803	140	2	journal	journal	PROPN
issue-1803	140	3	of	of	ADP
issue-1803	140	4	economic	economic	ADJ
issue-1803	140	5	studies	study	NOUN
issue-1803	140	6	57	57	NUM
issue-1803	140	7	vol	vol	NOUN
issue-1803	140	8	.	.	PROPN
issue-1803	140	9	8	8	NUM
issue-1803	141	1	no	no	NOUN
issue-1803	141	2	.	.	NOUN
issue-1803	142	1	3	3	NUM
issue-1803	142	2	,	,	PUNCT
issue-1803	142	3	2022	2022	NUM
issue-1803	142	4	3	3	NUM
issue-1803	142	5	.	.	PUNCT
issue-1803	142	6	methodology	methodology	NOUN
issue-1803	142	7	,	,	PUNCT
issue-1803	142	8	hypothesis	hypothesis	NOUN
issue-1803	142	9	,	,	PUNCT
issue-1803	142	10	and	and	CCONJ
issue-1803	142	11	data	datum	NOUN
issue-1803	142	12	based	base	VERB
issue-1803	142	13	on	on	ADP
issue-1803	142	14	the	the	DET
issue-1803	142	15	themes	theme	NOUN
issue-1803	142	16	and	and	CCONJ
issue-1803	142	17	issues	issue	NOUN
issue-1803	142	18	in	in	ADP
issue-1803	142	19	international	international	ADJ
issue-1803	142	20	finance	finance	NOUN
issue-1803	142	21	,	,	PUNCT
issue-1803	142	22	behavioral	behavioral	ADJ
issue-1803	142	23	finance	finance	NOUN
issue-1803	142	24	,	,	PUNCT
issue-1803	142	25	and	and	CCONJ
issue-1803	142	26	portfolio	portfolio	NOUN
issue-1803	142	27	investment	investment	NOUN
issue-1803	142	28	management	management	NOUN
issue-1803	142	29	discussed	discuss	VERB
issue-1803	142	30	in	in	ADP
issue-1803	142	31	the	the	DET
issue-1803	142	32	literature	literature	NOUN
issue-1803	142	33	review	review	NOUN
issue-1803	142	34	section	section	NOUN
issue-1803	142	35	,	,	PUNCT
issue-1803	142	36	the	the	DET
issue-1803	142	37	following	follow	VERB
issue-1803	142	38	hypotheses	hypothesis	NOUN
issue-1803	142	39	would	would	AUX
issue-1803	142	40	be	be	AUX
issue-1803	142	41	motivated	motivate	VERB
issue-1803	142	42	.	.	PUNCT
issue-1803	143	1	the	the	DET
issue-1803	143	2	authors	author	NOUN
issue-1803	143	3	'	'	PART
issue-1803	143	4	first	first	ADJ
issue-1803	143	5	hypothesis	hypothesis	NOUN
issue-1803	143	6	suggests	suggest	VERB
issue-1803	143	7	that	that	SCONJ
issue-1803	143	8	portfolios	portfolio	NOUN
issue-1803	143	9	of	of	ADP
issue-1803	143	10	investors	investor	NOUN
issue-1803	143	11	from	from	ADP
issue-1803	143	12	developed	develop	VERB
issue-1803	143	13	markets	market	NOUN
issue-1803	143	14	have	have	VERB
issue-1803	143	15	a	a	DET
issue-1803	143	16	better	well	ADJ
issue-1803	143	17	level	level	NOUN
issue-1803	143	18	of	of	ADP
issue-1803	143	19	international	international	ADJ
issue-1803	143	20	diversification	diversification	NOUN
issue-1803	143	21	than	than	ADP
issue-1803	143	22	portfolios	portfolio	NOUN
issue-1803	143	23	of	of	ADP
issue-1803	143	24	investors	investor	NOUN
issue-1803	143	25	from	from	ADP
issue-1803	143	26	emerging	emerge	VERB
issue-1803	143	27	markets	market	NOUN
issue-1803	143	28	.	.	PUNCT
issue-1803	144	1	the	the	DET
issue-1803	144	2	second	second	ADJ
issue-1803	144	3	hypothesis	hypothesis	NOUN
issue-1803	144	4	assumes	assume	VERB
issue-1803	144	5	that	that	SCONJ
issue-1803	144	6	markets	market	NOUN
issue-1803	144	7	that	that	PRON
issue-1803	144	8	are	be	AUX
issue-1803	144	9	domestic	domestic	ADJ
issue-1803	144	10	to	to	ADP
issue-1803	144	11	investors	investor	NOUN
issue-1803	144	12	with	with	ADP
issue-1803	144	13	a	a	DET
issue-1803	144	14	higher	high	ADJ
issue-1803	144	15	level	level	NOUN
issue-1803	144	16	of	of	ADP
issue-1803	144	17	international	international	ADJ
issue-1803	144	18	diversification	diversification	NOUN
issue-1803	144	19	have	have	VERB
issue-1803	144	20	a	a	DET
issue-1803	144	21	higher	high	ADJ
issue-1803	144	22	rate	rate	NOUN
issue-1803	144	23	of	of	ADP
issue-1803	144	24	return	return	NOUN
issue-1803	144	25	and	and	CCONJ
issue-1803	144	26	a	a	DET
issue-1803	144	27	lower	low	ADJ
issue-1803	144	28	level	level	NOUN
issue-1803	144	29	of	of	ADP
issue-1803	144	30	risk	risk	NOUN
issue-1803	144	31	.	.	PUNCT
issue-1803	145	1	the	the	DET
issue-1803	145	2	model	model	NOUN
issue-1803	145	3	was	be	AUX
issue-1803	145	4	developed	develop	VERB
issue-1803	145	5	using	use	VERB
issue-1803	145	6	the	the	DET
issue-1803	145	7	cluster	cluster	NOUN
issue-1803	145	8	analysis	analysis	NOUN
issue-1803	145	9	method	method	NOUN
issue-1803	145	10	.	.	PUNCT
issue-1803	146	1	the	the	DET
issue-1803	146	2	cluster	cluster	NOUN
issue-1803	146	3	method	method	NOUN
issue-1803	146	4	was	be	AUX
issue-1803	146	5	chosen	choose	VERB
issue-1803	146	6	for	for	ADP
issue-1803	146	7	several	several	ADJ
issue-1803	146	8	reasons	reason	NOUN
issue-1803	146	9	due	due	ADP
issue-1803	146	10	to	to	ADP
issue-1803	146	11	the	the	DET
issue-1803	146	12	nature	nature	NOUN
issue-1803	146	13	and	and	CCONJ
issue-1803	146	14	specificity	specificity	NOUN
issue-1803	146	15	of	of	ADP
issue-1803	146	16	the	the	DET
issue-1803	146	17	data	datum	NOUN
issue-1803	146	18	,	,	PUNCT
issue-1803	146	19	as	as	ADV
issue-1803	146	20	well	well	ADV
issue-1803	146	21	as	as	ADP
issue-1803	146	22	the	the	DET
issue-1803	146	23	advantages	advantage	NOUN
issue-1803	146	24	of	of	ADP
issue-1803	146	25	cluster	cluster	NOUN
issue-1803	146	26	analysis	analysis	NOUN
issue-1803	146	27	.	.	PUNCT
issue-1803	147	1	cluster	cluster	NOUN
issue-1803	147	2	analysis	analysis	NOUN
issue-1803	147	3	belongs	belong	VERB
issue-1803	147	4	to	to	ADP
issue-1803	147	5	the	the	DET
issue-1803	147	6	group	group	NOUN
issue-1803	147	7	of	of	ADP
issue-1803	147	8	methods	method	NOUN
issue-1803	147	9	of	of	ADP
issue-1803	147	10	classification	classification	NOUN
issue-1803	147	11	analysis	analysis	NOUN
issue-1803	147	12	.	.	PUNCT
issue-1803	148	1	it	it	PRON
issue-1803	148	2	allows	allow	VERB
issue-1803	148	3	to	to	PART
issue-1803	148	4	divide	divide	VERB
issue-1803	148	5	a	a	DET
issue-1803	148	6	set	set	NOUN
issue-1803	148	7	of	of	ADP
issue-1803	148	8	observations	observation	NOUN
issue-1803	148	9	into	into	ADP
issue-1803	148	10	different	different	ADJ
issue-1803	148	11	clusters	cluster	NOUN
issue-1803	148	12	or	or	CCONJ
issue-1803	148	13	groups	group	NOUN
issue-1803	148	14	,	,	PUNCT
issue-1803	148	15	so	so	SCONJ
issue-1803	148	16	that	that	SCONJ
issue-1803	148	17	the	the	DET
issue-1803	148	18	observations	observation	NOUN
issue-1803	148	19	in	in	ADP
issue-1803	148	20	one	one	NUM
issue-1803	148	21	cluster	cluster	NOUN
issue-1803	148	22	are	be	AUX
issue-1803	148	23	sufficiently	sufficiently	ADV
issue-1803	148	24	similar	similar	ADJ
issue-1803	148	25	to	to	ADP
issue-1803	148	26	each	each	DET
issue-1803	148	27	other	other	ADJ
issue-1803	148	28	.	.	PUNCT
issue-1803	149	1	the	the	DET
issue-1803	149	2	main	main	ADJ
issue-1803	149	3	advantage	advantage	NOUN
issue-1803	149	4	of	of	ADP
issue-1803	149	5	cluster	cluster	NOUN
issue-1803	149	6	analysis	analysis	NOUN
issue-1803	149	7	is	be	AUX
issue-1803	149	8	that	that	SCONJ
issue-1803	149	9	observations	observation	NOUN
issue-1803	149	10	can	can	AUX
issue-1803	149	11	be	be	AUX
issue-1803	149	12	classified	classify	VERB
issue-1803	149	13	into	into	ADP
issue-1803	149	14	several	several	ADJ
issue-1803	149	15	variables	variable	NOUN
issue-1803	149	16	of	of	ADP
issue-1803	149	17	any	any	DET
issue-1803	149	18	nature	nature	NOUN
issue-1803	149	19	,	,	PUNCT
issue-1803	149	20	and	and	CCONJ
issue-1803	149	21	the	the	DET
issue-1803	149	22	required	require	VERB
issue-1803	149	23	number	number	NOUN
issue-1803	149	24	of	of	ADP
issue-1803	149	25	clusters	cluster	NOUN
issue-1803	149	26	can	can	AUX
issue-1803	149	27	be	be	AUX
issue-1803	149	28	determined	determine	VERB
issue-1803	149	29	depending	depend	VERB
issue-1803	149	30	on	on	ADP
issue-1803	149	31	the	the	DET
issue-1803	149	32	goals	goal	NOUN
issue-1803	149	33	of	of	ADP
issue-1803	149	34	the	the	DET
issue-1803	149	35	study	study	NOUN
issue-1803	149	36	.	.	PUNCT
issue-1803	150	1	there	there	PRON
issue-1803	150	2	are	be	VERB
issue-1803	150	3	different	different	ADJ
issue-1803	150	4	types	type	NOUN
issue-1803	150	5	of	of	ADP
issue-1803	150	6	cluster	cluster	NOUN
issue-1803	150	7	analysis	analysis	NOUN
issue-1803	150	8	.	.	PUNCT
issue-1803	151	1	however	however	ADV
issue-1803	151	2	,	,	PUNCT
issue-1803	151	3	this	this	DET
issue-1803	151	4	model	model	NOUN
issue-1803	151	5	is	be	AUX
issue-1803	151	6	based	base	VERB
issue-1803	151	7	on	on	ADP
issue-1803	151	8	the	the	DET
issue-1803	151	9	k	k	NOUN
issue-1803	151	10	-	-	PUNCT
issue-1803	151	11	means	mean	VERB
issue-1803	151	12	clustering	clustering	NOUN
issue-1803	151	13	method	method	NOUN
issue-1803	151	14	.	.	PUNCT
issue-1803	152	1	the	the	DET
issue-1803	152	2	purpose	purpose	NOUN
issue-1803	152	3	of	of	ADP
issue-1803	152	4	k	k	X
issue-1803	152	5	-	-	PUNCT
issue-1803	152	6	means	means	NOUN
issue-1803	152	7	is	be	AUX
issue-1803	152	8	to	to	PART
issue-1803	152	9	group	group	VERB
issue-1803	152	10	similar	similar	ADJ
issue-1803	152	11	observations	observation	NOUN
issue-1803	152	12	into	into	ADP
issue-1803	152	13	clusters	cluster	NOUN
issue-1803	152	14	using	use	VERB
issue-1803	152	15	centroids	centroid	NOUN
issue-1803	152	16	with	with	ADP
issue-1803	152	17	the	the	DET
issue-1803	152	18	number	number	NOUN
issue-1803	152	19	of	of	ADP
issue-1803	152	20	clusters	cluster	NOUN
issue-1803	152	21	denoted	denote	VERB
issue-1803	152	22	by	by	ADP
issue-1803	152	23	k.	k.	PROPN
issue-1803	152	24	one	one	NUM
issue-1803	152	25	of	of	ADP
issue-1803	152	26	the	the	DET
issue-1803	152	27	drawbacks	drawback	NOUN
issue-1803	152	28	of	of	ADP
issue-1803	152	29	k	k	NOUN
issue-1803	152	30	-	-	PUNCT
issue-1803	152	31	means	means	NOUN
issue-1803	152	32	clustering	clustering	NOUN
issue-1803	152	33	is	be	AUX
issue-1803	152	34	the	the	DET
issue-1803	152	35	selection	selection	NOUN
issue-1803	152	36	of	of	ADP
issue-1803	152	37	the	the	DET
issue-1803	152	38	optimal	optimal	ADJ
issue-1803	152	39	number	number	NOUN
issue-1803	152	40	of	of	ADP
issue-1803	152	41	k	k	PROPN
issue-1803	152	42	(	(	PUNCT
issue-1803	152	43	clusters	cluster	NOUN
issue-1803	152	44	)	)	PUNCT
issue-1803	152	45	.	.	PUNCT
issue-1803	153	1	however	however	ADV
issue-1803	153	2	,	,	PUNCT
issue-1803	153	3	the	the	DET
issue-1803	153	4	model	model	NOUN
issue-1803	153	5	is	be	AUX
issue-1803	153	6	based	base	VERB
issue-1803	153	7	on	on	ADP
issue-1803	153	8	the	the	DET
issue-1803	153	9	silhouette	silhouette	NOUN
issue-1803	153	10	method	method	NOUN
issue-1803	153	11	of	of	ADP
issue-1803	153	12	choosing	choose	VERB
issue-1803	153	13	k	k	PROPN
issue-1803	153	14	,	,	PUNCT
issue-1803	153	15	which	which	PRON
issue-1803	153	16	guarantees	guarantee	VERB
issue-1803	153	17	the	the	DET
issue-1803	153	18	correctness	correctness	NOUN
issue-1803	153	19	of	of	ADP
issue-1803	153	20	the	the	DET
issue-1803	153	21	chosen	choose	VERB
issue-1803	153	22	number	number	NOUN
issue-1803	153	23	of	of	ADP
issue-1803	153	24	clusters	cluster	NOUN
issue-1803	153	25	.	.	PUNCT
issue-1803	154	1	thirty	thirty	NUM
issue-1803	154	2	markets	market	NOUN
issue-1803	154	3	were	be	AUX
issue-1803	154	4	selected	select	VERB
issue-1803	154	5	for	for	ADP
issue-1803	154	6	analysis	analysis	NOUN
issue-1803	154	7	,	,	PUNCT
issue-1803	154	8	such	such	ADJ
issue-1803	154	9	as	as	ADP
issue-1803	154	10	great	great	ADJ
issue-1803	154	11	britain	britain	PROPN
issue-1803	154	12	,	,	PUNCT
issue-1803	154	13	france	france	PROPN
issue-1803	154	14	,	,	PUNCT
issue-1803	154	15	germany	germany	PROPN
issue-1803	154	16	,	,	PUNCT
issue-1803	154	17	usa	usa	PROPN
issue-1803	154	18	,	,	PUNCT
issue-1803	154	19	japan	japan	PROPN
issue-1803	154	20	,	,	PUNCT
issue-1803	154	21	norway	norway	PROPN
issue-1803	154	22	,	,	PUNCT
issue-1803	154	23	canada	canada	PROPN
issue-1803	154	24	,	,	PUNCT
issue-1803	154	25	hong	hong	PROPN
issue-1803	154	26	kong	kong	PROPN
issue-1803	154	27	,	,	PUNCT
issue-1803	154	28	ireland	ireland	PROPN
issue-1803	154	29	,	,	PUNCT
issue-1803	154	30	italy	italy	PROPN
issue-1803	154	31	,	,	PUNCT
issue-1803	154	32	netherlands	netherlands	PROPN
issue-1803	154	33	,	,	PUNCT
issue-1803	154	34	spain	spain	PROPN
issue-1803	154	35	,	,	PUNCT
issue-1803	154	36	thailand	thailand	PROPN
issue-1803	154	37	,	,	PUNCT
issue-1803	154	38	turkey	turkey	PROPN
issue-1803	154	39	,	,	PUNCT
issue-1803	154	40	poland	poland	PROPN
issue-1803	154	41	,	,	PUNCT
issue-1803	154	42	indonesia	indonesia	PROPN
issue-1803	154	43	,	,	PUNCT
issue-1803	154	44	korea	korea	PROPN
issue-1803	154	45	,	,	PUNCT
issue-1803	154	46	india	india	PROPN
issue-1803	154	47	,	,	PUNCT
issue-1803	154	48	argentina	argentina	PROPN
issue-1803	154	49	,	,	PUNCT
issue-1803	154	50	austria	austria	PROPN
issue-1803	154	51	,	,	PUNCT
issue-1803	154	52	denmark	denmark	PROPN
issue-1803	154	53	,	,	PUNCT
issue-1803	154	54	belgium	belgium	PROPN
issue-1803	154	55	,	,	PUNCT
issue-1803	154	56	sweden	sweden	PROPN
issue-1803	154	57	,	,	PUNCT
issue-1803	154	58	egypt	egypt	PROPN
issue-1803	154	59	,	,	PUNCT
issue-1803	154	60	brazil	brazil	PROPN
issue-1803	154	61	,	,	PUNCT
issue-1803	154	62	switzerland	switzerland	PROPN
issue-1803	154	63	,	,	PUNCT
issue-1803	154	64	greece	greece	PROPN
issue-1803	154	65	,	,	PUNCT
issue-1803	154	66	hungary	hungary	PROPN
issue-1803	154	67	,	,	PUNCT
issue-1803	154	68	mexico	mexico	PROPN
issue-1803	154	69	,	,	PUNCT
issue-1803	154	70	malaysia	malaysia	PROPN
issue-1803	154	71	.	.	PUNCT
issue-1803	155	1	the	the	DET
issue-1803	155	2	msci	msci	PROPN
issue-1803	155	3	market	market	NOUN
issue-1803	155	4	classification	classification	NOUN
issue-1803	155	5	was	be	AUX
issue-1803	155	6	used	use	VERB
issue-1803	155	7	to	to	PART
issue-1803	155	8	develop	develop	VERB
issue-1803	155	9	the	the	DET
issue-1803	155	10	model	model	NOUN
issue-1803	155	11	.	.	PUNCT
issue-1803	156	1	the	the	DET
issue-1803	156	2	model	model	NOUN
issue-1803	156	3	includes	include	VERB
issue-1803	156	4	the	the	DET
issue-1803	156	5	following	follow	VERB
issue-1803	156	6	market	market	NOUN
issue-1803	156	7	categories	category	NOUN
issue-1803	156	8	:	:	PUNCT
issue-1803	156	9	17	17	NUM
issue-1803	156	10	msci	msci	PROPN
issue-1803	156	11	developed	develop	VERB
issue-1803	156	12	markets	market	NOUN
issue-1803	156	13	(	(	PUNCT
issue-1803	156	14	uk	uk	PROPN
issue-1803	156	15	,	,	PUNCT
issue-1803	156	16	france	france	PROPN
issue-1803	156	17	,	,	PUNCT
issue-1803	156	18	germany	germany	PROPN
issue-1803	156	19	,	,	PUNCT
issue-1803	156	20	usa	usa	PROPN
issue-1803	156	21	,	,	PUNCT
issue-1803	156	22	japan	japan	PROPN
issue-1803	156	23	,	,	PUNCT
issue-1803	156	24	norway	norway	PROPN
issue-1803	156	25	,	,	PUNCT
issue-1803	156	26	canada	canada	PROPN
issue-1803	156	27	,	,	PUNCT
issue-1803	156	28	hong	hong	PROPN
issue-1803	156	29	kong	kong	PROPN
issue-1803	156	30	,	,	PUNCT
issue-1803	156	31	ireland	ireland	PROPN
issue-1803	156	32	,	,	PUNCT
issue-1803	156	33	italy	italy	PROPN
issue-1803	156	34	,	,	PUNCT
issue-1803	156	35	netherlands	netherlands	PROPN
issue-1803	156	36	,	,	PUNCT
issue-1803	156	37	spain	spain	PROPN
issue-1803	156	38	,	,	PUNCT
issue-1803	156	39	austria	austria	PROPN
issue-1803	156	40	,	,	PUNCT
issue-1803	156	41	denmark	denmark	PROPN
issue-1803	156	42	,	,	PUNCT
issue-1803	156	43	belgium	belgium	PROPN
issue-1803	156	44	,	,	PUNCT
issue-1803	156	45	sweden	sweden	PROPN
issue-1803	156	46	,	,	PUNCT
issue-1803	156	47	switzerland	switzerland	PROPN
issue-1803	156	48	)	)	PUNCT
issue-1803	156	49	;	;	PUNCT
issue-1803	156	50	12	12	NUM
issue-1803	156	51	msci	msci	NOUN
issue-1803	156	52	emerging	emerge	VERB
issue-1803	156	53	markets	market	NOUN
issue-1803	156	54	(	(	PUNCT
issue-1803	156	55	thailand	thailand	PROPN
issue-1803	156	56	,	,	PUNCT
issue-1803	156	57	turkey	turkey	PROPN
issue-1803	156	58	,	,	PUNCT
issue-1803	156	59	poland	poland	PROPN
issue-1803	156	60	,	,	PUNCT
issue-1803	156	61	indonesia	indonesia	PROPN
issue-1803	156	62	,	,	PUNCT
issue-1803	156	63	korea	korea	PROPN
issue-1803	156	64	,	,	PUNCT
issue-1803	156	65	india	india	PROPN
issue-1803	156	66	,	,	PUNCT
issue-1803	156	67	egypt	egypt	PROPN
issue-1803	156	68	,	,	PUNCT
issue-1803	156	69	brazil	brazil	PROPN
issue-1803	156	70	,	,	PUNCT
issue-1803	156	71	greece	greece	PROPN
issue-1803	156	72	,	,	PUNCT
issue-1803	156	73	hungary	hungary	PROPN
issue-1803	156	74	,	,	PUNCT
issue-1803	156	75	mexico	mexico	PROPN
issue-1803	156	76	,	,	PUNCT
issue-1803	156	77	malaysia	malaysia	PROPN
issue-1803	156	78	)	)	PUNCT
issue-1803	156	79	;	;	PUNCT
issue-1803	156	80	and	and	CCONJ
issue-1803	156	81	1	1	NUM
issue-1803	156	82	msci	msci	PROPN
issue-1803	156	83	standalone	standalone	NOUN
issue-1803	156	84	market	market	NOUN
issue-1803	156	85	(	(	PUNCT
issue-1803	156	86	argentina	argentina	PROPN
issue-1803	156	87	)	)	PUNCT
issue-1803	156	88	.	.	PUNCT
issue-1803	157	1	the	the	DET
issue-1803	157	2	raw	raw	ADJ
issue-1803	157	3	data	datum	NOUN
issue-1803	157	4	are	be	AUX
issue-1803	157	5	absolute	absolute	ADJ
issue-1803	157	6	monthly	monthly	ADJ
issue-1803	157	7	returns	return	NOUN
issue-1803	157	8	for	for	ADP
issue-1803	157	9	30	30	NUM
issue-1803	157	10	stock	stock	NOUN
issue-1803	157	11	markets	market	NOUN
issue-1803	157	12	,	,	PUNCT
issue-1803	157	13	denominated	denominate	VERB
issue-1803	157	14	in	in	ADP
issue-1803	157	15	u.s	u.s	PROPN
issue-1803	157	16	.	.	PROPN
issue-1803	157	17	dollars	dollar	NOUN
issue-1803	157	18	,	,	PUNCT
issue-1803	157	19	at	at	ADP
issue-1803	157	20	the	the	DET
issue-1803	157	21	gross	gross	ADJ
issue-1803	157	22	index	index	NOUN
issue-1803	157	23	level	level	NOUN
issue-1803	157	24	.	.	PUNCT
issue-1803	158	1	stock	stock	NOUN
issue-1803	158	2	size	size	NOUN
issue-1803	158	3	is	be	AUX
issue-1803	158	4	standard	standard	ADJ
issue-1803	158	5	(	(	PUNCT
issue-1803	158	6	largeand	largeand	ADJ
issue-1803	158	7	mid	mid	ADJ
issue-1803	158	8	-	-	ADJ
issue-1803	158	9	cap	cap	ADJ
issue-1803	158	10	stocks	stock	NOUN
issue-1803	158	11	)	)	PUNCT
issue-1803	158	12	.	.	PUNCT
issue-1803	159	1	data	datum	NOUN
issue-1803	159	2	are	be	AUX
issue-1803	159	3	for	for	ADP
issue-1803	159	4	the	the	DET
issue-1803	159	5	5	5	NUM
issue-1803	159	6	-	-	PUNCT
issue-1803	159	7	year	year	NOUN
issue-1803	159	8	period	period	NOUN
issue-1803	159	9	from	from	ADP
issue-1803	159	10	june	june	PROPN
issue-1803	159	11	30	30	NUM
issue-1803	159	12	,	,	PUNCT
issue-1803	159	13	2017	2017	NUM
issue-1803	159	14	to	to	ADP
issue-1803	159	15	june	june	PROPN
issue-1803	159	16	30	30	NUM
issue-1803	159	17	,	,	PUNCT
issue-1803	159	18	2022	2022	NUM
issue-1803	159	19	.	.	PUNCT
issue-1803	160	1	this	this	DET
issue-1803	160	2	data	datum	NOUN
issue-1803	160	3	became	become	VERB
issue-1803	160	4	the	the	DET
issue-1803	160	5	basis	basis	NOUN
issue-1803	160	6	for	for	ADP
issue-1803	160	7	calculating	calculate	VERB
issue-1803	160	8	monthly	monthly	ADJ
issue-1803	160	9	return	return	NOUN
issue-1803	160	10	and	and	CCONJ
issue-1803	160	11	risk	risk	NOUN
issue-1803	160	12	percentages	percentage	NOUN
issue-1803	160	13	in	in	ADP
issue-1803	160	14	order	order	NOUN
issue-1803	160	15	to	to	PART
issue-1803	160	16	determine	determine	VERB
issue-1803	160	17	the	the	DET
issue-1803	160	18	market	market	NOUN
issue-1803	160	19	portfolios	portfolio	NOUN
issue-1803	160	20	for	for	ADP
issue-1803	160	21	each	each	DET
issue-1803	160	22	market	market	NOUN
issue-1803	160	23	in	in	ADP
issue-1803	160	24	question	question	NOUN
issue-1803	160	25	.	.	PUNCT
issue-1803	161	1	the	the	DET
issue-1803	161	2	main	main	ADJ
issue-1803	161	3	idea	idea	NOUN
issue-1803	161	4	of	of	ADP
issue-1803	161	5	the	the	DET
issue-1803	161	6	model	model	NOUN
issue-1803	161	7	is	be	AUX
issue-1803	161	8	to	to	PART
issue-1803	161	9	describe	describe	VERB
issue-1803	161	10	each	each	DET
issue-1803	161	11	market	market	NOUN
issue-1803	161	12	using	use	VERB
issue-1803	161	13	three	three	NUM
issue-1803	161	14	characteristics	characteristic	NOUN
issue-1803	161	15	,	,	PUNCT
issue-1803	161	16	such	such	ADJ
issue-1803	161	17	as	as	ADP
issue-1803	161	18	the	the	DET
issue-1803	161	19	rate	rate	NOUN
issue-1803	161	20	of	of	ADP
issue-1803	161	21	return	return	NOUN
issue-1803	161	22	,	,	PUNCT
issue-1803	161	23	the	the	DET
issue-1803	161	24	rate	rate	NOUN
issue-1803	161	25	of	of	ADP
issue-1803	161	26	risk	risk	NOUN
issue-1803	161	27	and	and	CCONJ
issue-1803	161	28	the	the	DET
issue-1803	161	29	level	level	NOUN
issue-1803	161	30	of	of	ADP
issue-1803	161	31	international	international	ADJ
issue-1803	161	32	diversification	diversification	NOUN
issue-1803	161	33	.	.	PUNCT
issue-1803	162	1	the	the	DET
issue-1803	162	2	figures	figure	NOUN
issue-1803	162	3	for	for	ADP
issue-1803	162	4	levels	level	NOUN
issue-1803	162	5	of	of	ADP
issue-1803	162	6	international	international	ADJ
issue-1803	162	7	diversification	diversification	NOUN
issue-1803	162	8	have	have	AUX
issue-1803	162	9	been	be	AUX
issue-1803	162	10	calculated	calculate	VERB
issue-1803	162	11	using	use	VERB
issue-1803	162	12	data	datum	NOUN
issue-1803	162	13	on	on	ADP
issue-1803	162	14	home	home	NOUN
issue-1803	162	15	bias	bias	NOUN
issue-1803	162	16	based	base	VERB
issue-1803	162	17	on	on	ADP
issue-1803	162	18	papers	paper	NOUN
issue-1803	162	19	by	by	ADP
issue-1803	162	20	bose	bose	PROPN
issue-1803	162	21	,	,	PUNCT
issue-1803	162	22	macdonald	macdonald	PROPN
issue-1803	162	23	,	,	PUNCT
issue-1803	162	24	and	and	CCONJ
issue-1803	162	25	tsoukas	tsoukas	PROPN
issue-1803	162	26	(	(	PUNCT
issue-1803	162	27	2015	2015	NUM
issue-1803	162	28	)	)	PUNCT
issue-1803	162	29	,	,	PUNCT
issue-1803	162	30	boermans	boerman	NOUN
issue-1803	162	31	,	,	PUNCT
issue-1803	162	32	cooper	cooper	PROPN
issue-1803	162	33	,	,	PUNCT
issue-1803	162	34	sercu	sercu	NOUN
issue-1803	162	35	,	,	PUNCT
issue-1803	162	36	and	and	CCONJ
issue-1803	162	37	vanpée	vanpée	ADV
issue-1803	162	38	(	(	PUNCT
issue-1803	162	39	2022	2022	NUM
issue-1803	162	40	)	)	PUNCT
issue-1803	162	41	.	.	PUNCT
issue-1803	163	1	in	in	ADP
issue-1803	163	2	particular	particular	ADJ
issue-1803	163	3	,	,	PUNCT
issue-1803	163	4	the	the	DET
issue-1803	163	5	choice	choice	NOUN
issue-1803	163	6	of	of	ADP
issue-1803	163	7	markets	market	NOUN
issue-1803	163	8	for	for	ADP
issue-1803	163	9	the	the	DET
issue-1803	163	10	study	study	NOUN
issue-1803	163	11	was	be	AUX
issue-1803	163	12	driven	drive	VERB
issue-1803	163	13	by	by	ADP
issue-1803	163	14	the	the	DET
issue-1803	163	15	availability	availability	NOUN
issue-1803	163	16	of	of	ADP
issue-1803	163	17	home	home	NOUN
issue-1803	163	18	bias	bias	NOUN
issue-1803	163	19	data	datum	NOUN
issue-1803	163	20	.	.	PUNCT
issue-1803	164	1	for	for	ADP
issue-1803	164	2	many	many	ADJ
issue-1803	164	3	frontier	frontier	NOUN
issue-1803	164	4	markets	market	NOUN
issue-1803	164	5	,	,	PUNCT
issue-1803	164	6	home	home	NOUN
issue-1803	164	7	slope	slope	NOUN
issue-1803	164	8	data	datum	NOUN
issue-1803	164	9	are	be	AUX
issue-1803	164	10	not	not	PART
issue-1803	164	11	available	available	ADJ
issue-1803	164	12	due	due	ADP
issue-1803	164	13	to	to	ADP
issue-1803	164	14	a	a	DET
issue-1803	164	15	lack	lack	NOUN
issue-1803	164	16	of	of	ADP
issue-1803	164	17	information	information	NOUN
issue-1803	164	18	on	on	ADP
issue-1803	164	19	investment	investment	NOUN
issue-1803	164	20	activity	activity	NOUN
issue-1803	164	21	in	in	ADP
issue-1803	164	22	these	these	DET
issue-1803	164	23	markets	market	NOUN
issue-1803	164	24	.	.	PUNCT
issue-1803	165	1	it	it	PRON
issue-1803	165	2	should	should	AUX
issue-1803	165	3	be	be	AUX
issue-1803	165	4	noted	note	VERB
issue-1803	165	5	that	that	SCONJ
issue-1803	165	6	the	the	DET
issue-1803	165	7	methodology	methodology	NOUN
issue-1803	165	8	for	for	ADP
issue-1803	165	9	calculating	calculate	VERB
issue-1803	165	10	home	home	NOUN
issue-1803	165	11	slope	slope	NOUN
issue-1803	165	12	is	be	AUX
issue-1803	165	13	quite	quite	ADV
issue-1803	165	14	diverse	diverse	ADJ
issue-1803	165	15	.	.	PUNCT
issue-1803	166	1	among	among	ADP
issue-1803	166	2	others	other	NOUN
issue-1803	166	3	,	,	PUNCT
issue-1803	166	4	we	we	PRON
issue-1803	166	5	prefer	prefer	VERB
issue-1803	166	6	the	the	DET
issue-1803	166	7	methodology	methodology	NOUN
issue-1803	166	8	provided	provide	VERB
issue-1803	166	9	by	by	ADP
issue-1803	166	10	fidora	fidora	NOUN
issue-1803	166	11	,	,	PUNCT
issue-1803	166	12	table	table	NOUN
issue-1803	166	13	1	1	NUM
issue-1803	166	14	the	the	DET
issue-1803	166	15	average	average	ADJ
issue-1803	166	16	monthly	monthly	ADJ
issue-1803	166	17	levels	level	NOUN
issue-1803	166	18	of	of	ADP
issue-1803	166	19	return	return	NOUN
issue-1803	166	20	and	and	CCONJ
issue-1803	166	21	risk	risk	NOUN
issue-1803	166	22	,	,	PUNCT
issue-1803	166	23	and	and	CCONJ
issue-1803	166	24	level	level	NOUN
issue-1803	166	25	of	of	ADP
issue-1803	166	26	international	international	ADJ
issue-1803	166	27	diversification	diversification	NOUN
issue-1803	166	28	for	for	ADP
issue-1803	166	29	30	30	NUM
issue-1803	166	30	msci	msci	PROPN
issue-1803	166	31	markets	market	NOUN
issue-1803	166	32	(	(	PUNCT
issue-1803	166	33	2017–2022	2017–2022	NOUN
issue-1803	166	34	)	)	PUNCT
issue-1803	166	35	№	№	NUM
issue-1803	166	36	country	country	NOUN
issue-1803	166	37	return	return	NOUN
issue-1803	166	38	,	,	PUNCT
issue-1803	166	39	%	%	INTJ
issue-1803	166	40	risk	risk	NOUN
issue-1803	166	41	,	,	PUNCT
issue-1803	166	42	%	%	NOUN
issue-1803	166	43	level	level	NOUN
issue-1803	166	44	of	of	ADP
issue-1803	166	45	international	international	ADJ
issue-1803	166	46	diversification	diversification	NOUN
issue-1803	166	47	,	,	PUNCT
issue-1803	166	48	%	%	NOUN
issue-1803	166	49	1	1	NUM
issue-1803	166	50	argentina	argentina	NOUN
issue-1803	166	51	0.12	0.12	NUM
issue-1803	166	52	13.91	13.91	NUM
issue-1803	166	53	13.47	13.47	NUM
issue-1803	166	54	2	2	NUM
issue-1803	166	55	austria	austria	NOUN
issue-1803	166	56	0.26	0.26	NUM
issue-1803	166	57	8.77	8.77	NUM
issue-1803	166	58	57.23	57.23	NUM
issue-1803	166	59	3	3	NUM
issue-1803	166	60	belgium	belgium	NOUN
issue-1803	166	61	-0.25	-0.25	NUM
issue-1803	166	62	6.25	6.25	NUM
issue-1803	166	63	48.17	48.17	NUM
issue-1803	166	64	4	4	NUM
issue-1803	166	65	brazil	brazil	PROPN
issue-1803	166	66	0.69	0.69	NUM
issue-1803	166	67	10.69	10.69	NUM
issue-1803	166	68	2.60	2.60	NUM
issue-1803	166	69	5	5	NUM
issue-1803	166	70	canada	canada	PROPN
issue-1803	166	71	0.77	0.77	NUM
issue-1803	166	72	5.65	5.65	NUM
issue-1803	166	73	44.00	44.00	NUM
issue-1803	166	74	6	6	NUM
issue-1803	166	75	denmark	denmark	NOUN
issue-1803	166	76	1.02	1.02	NUM
issue-1803	166	77	4.61	4.61	NUM
issue-1803	166	78	42.78	42.78	NUM
issue-1803	166	79	7	7	NUM
issue-1803	166	80	egypt	egypt	PROPN
issue-1803	166	81	-0.52	-0.52	NUM
issue-1803	166	82	7.00	7.00	NUM
issue-1803	166	83	1.07	1.07	NUM
issue-1803	166	84	8	8	NUM
issue-1803	166	85	france	france	NOUN
issue-1803	166	86	0.49	0.49	NUM
issue-1803	166	87	5.78	5.78	NUM
issue-1803	166	88	33.82	33.82	NUM
issue-1803	166	89	9	9	NUM
issue-1803	166	90	germany	germany	NOUN
issue-1803	166	91	0.01	0.01	NUM
issue-1803	166	92	6.04	6.04	NUM
issue-1803	166	93	30.63	30.63	NUM
issue-1803	166	94	10	10	NUM
issue-1803	166	95	greece	greece	PROPN
issue-1803	166	96	-0.41	-0.41	ADV
issue-1803	166	97	9.24	9.24	NUM
issue-1803	166	98	9.49	9.49	NUM
issue-1803	166	99	11	11	NUM
issue-1803	166	100	hong	hong	PROPN
issue-1803	166	101	kong	kong	PROPN
issue-1803	166	102	0.31	0.31	NUM
issue-1803	166	103	4.90	4.90	NUM
issue-1803	166	104	22.40	22.40	NUM
issue-1803	166	105	12	12	NUM
issue-1803	166	106	hungary	hungary	PROPN
issue-1803	166	107	-0.04	-0.04	NUM
issue-1803	166	108	8.67	8.67	NUM
issue-1803	166	109	17.57	17.57	NUM
issue-1803	166	110	13	13	NUM
issue-1803	166	111	india	india	PROPN
issue-1803	166	112	0.80	0.80	NUM
issue-1803	166	113	6.28	6.28	NUM
issue-1803	166	114	2.08	2.08	NUM
issue-1803	166	115	14	14	NUM
issue-1803	166	116	indonesia	indonesia	PROPN
issue-1803	166	117	0.28	0.28	NUM
issue-1803	166	118	6.82	6.82	NUM
issue-1803	166	119	0.57	0.57	NUM
issue-1803	166	120	15	15	NUM
issue-1803	166	121	ireland	ireland	NOUN
issue-1803	166	122	0.04	0.04	NUM
issue-1803	166	123	5.94	5.94	NUM
issue-1803	166	124	65.86	65.86	NUM
issue-1803	166	125	16	16	NUM
issue-1803	166	126	italy	italy	PROPN
issue-1803	166	127	0.34	0.34	NUM
issue-1803	166	128	7.09	7.09	NUM
issue-1803	166	129	45.43	45.43	NUM
issue-1803	166	130	17	17	NUM
issue-1803	166	131	japan	japan	PROPN
issue-1803	166	132	0.26	0.26	NUM
issue-1803	166	133	4.05	4.05	NUM
issue-1803	166	134	21.35	21.35	NUM
issue-1803	166	135	18	18	NUM
issue-1803	166	136	korea	korea	NOUN
issue-1803	166	137	0.20	0.20	NUM
issue-1803	166	138	6.65	6.65	NUM
issue-1803	166	139	7.18	7.18	NUM
issue-1803	166	140	19	19	NUM
issue-1803	166	141	malaysia	malaysia	NOUN
issue-1803	166	142	-0.14	-0.14	NUM
issue-1803	166	143	4.15	4.15	NUM
issue-1803	166	144	3.62	3.62	NUM
issue-1803	166	145	20	20	NUM
issue-1803	166	146	mexico	mexico	NOUN
issue-1803	166	147	0.29	0.29	NUM
issue-1803	166	148	7.68	7.68	NUM
issue-1803	166	149	1.90	1.90	NUM
issue-1803	166	150	21	21	NUM
issue-1803	166	151	netherlands	netherlands	PROPN
issue-1803	166	152	0.67	0.67	NUM
issue-1803	166	153	5.48	5.48	NUM
issue-1803	166	154	66.53	66.53	NUM
issue-1803	166	155	22	22	NUM
issue-1803	166	156	norway	norway	NOUN
issue-1803	166	157	0.84	0.84	NUM
issue-1803	166	158	6.49	6.49	NUM
issue-1803	166	159	54.65	54.65	NUM
issue-1803	166	160	23	23	NUM
issue-1803	166	161	poland	poland	PROPN
issue-1803	166	162	-0.45	-0.45	NUM
issue-1803	166	163	8.66	8.66	NUM
issue-1803	166	164	3.43	3.43	NUM
issue-1803	166	165	24	24	NUM
issue-1803	166	166	spain	spain	PROPN
issue-1803	166	167	-0.09	-0.09	NUM
issue-1803	166	168	6.60	6.60	NUM
issue-1803	166	169	14.61	14.61	NUM
issue-1803	166	170	25	25	NUM
issue-1803	166	171	sweden	sweden	NOUN
issue-1803	166	172	0.37	0.37	NUM
issue-1803	166	173	5.99	5.99	NUM
issue-1803	166	174	43.54	43.54	NUM
issue-1803	166	175	26	26	NUM
issue-1803	166	176	switzerland	switzerland	NOUN
issue-1803	166	177	0.64	0.64	NUM
issue-1803	166	178	4.06	4.06	NUM
issue-1803	166	179	42.70	42.70	NUM
issue-1803	166	180	27	27	NUM
issue-1803	166	181	thailand	thailand	NOUN
issue-1803	166	182	0.26	0.26	NUM
issue-1803	166	183	6.69	6.69	NUM
issue-1803	166	184	1.67	1.67	NUM
issue-1803	166	185	28	28	NUM
issue-1803	166	186	turkey	turkey	NOUN
issue-1803	166	187	-0.75	-0.75	NUM
issue-1803	166	188	10.42	10.42	NUM
issue-1803	166	189	0.43	0.43	NUM
issue-1803	166	190	29	29	NUM
issue-1803	166	191	uk	uk	PROPN
issue-1803	166	192	0.31	0.31	NUM
issue-1803	166	193	5.01	5.01	NUM
issue-1803	166	194	43.52	43.52	NUM
issue-1803	166	195	30	30	NUM
issue-1803	166	196	usa	usa	PROPN
issue-1803	166	197	1.01	1.01	NUM
issue-1803	166	198	4.98	4.98	NUM
issue-1803	166	199	28.00	28.00	NUM
issue-1803	166	200	notes	note	NOUN
issue-1803	166	201	:	:	PUNCT
issue-1803	166	202	1	1	X
issue-1803	166	203	.	.	NUM
issue-1803	166	204	figures	figure	NOUN
issue-1803	166	205	calculated	calculate	VERB
issue-1803	166	206	by	by	ADP
issue-1803	166	207	the	the	DET
issue-1803	166	208	authors	author	NOUN
issue-1803	166	209	using	use	VERB
issue-1803	166	210	data	datum	NOUN
issue-1803	166	211	from	from	ADP
issue-1803	166	212	the	the	DET
issue-1803	166	213	msci	msci	PROPN
issue-1803	166	214	indices	index	NOUN
issue-1803	166	215	(	(	PUNCT
issue-1803	166	216	msci	msci	NOUN
issue-1803	166	217	,	,	PUNCT
issue-1803	166	218	2022	2022	NUM
issue-1803	166	219	)	)	PUNCT
issue-1803	166	220	.	.	PUNCT
issue-1803	167	1	2	2	X
issue-1803	167	2	.	.	X
issue-1803	167	3	yield	yield	NOUN
issue-1803	167	4	and	and	CCONJ
issue-1803	167	5	risk	risk	NOUN
issue-1803	167	6	levels	level	NOUN
issue-1803	167	7	are	be	AUX
issue-1803	167	8	calculated	calculate	VERB
issue-1803	167	9	as	as	ADP
issue-1803	167	10	monthly	monthly	ADJ
issue-1803	167	11	averages	average	NOUN
issue-1803	167	12	using	use	VERB
issue-1803	167	13	the	the	DET
issue-1803	167	14	mean	mean	ADJ
issue-1803	167	15	and	and	CCONJ
issue-1803	167	16	standard	standard	ADJ
issue-1803	167	17	deviation	deviation	NOUN
issue-1803	167	18	,	,	PUNCT
issue-1803	167	19	respectively	respectively	ADV
issue-1803	167	20	.	.	PUNCT
issue-1803	168	1	baltic	baltic	PROPN
issue-1803	168	2	journal	journal	PROPN
issue-1803	168	3	of	of	ADP
issue-1803	168	4	economic	economic	ADJ
issue-1803	168	5	studies	study	NOUN
issue-1803	168	6	58	58	NUM
issue-1803	168	7	vol	vol	NOUN
issue-1803	168	8	.	.	PROPN
issue-1803	168	9	8	8	NUM
issue-1803	169	1	no	no	NOUN
issue-1803	169	2	.	.	NOUN
issue-1803	170	1	3	3	NUM
issue-1803	170	2	,	,	PUNCT
issue-1803	170	3	2022	2022	NUM
issue-1803	170	4	fratzscher	fratzscher	NOUN
issue-1803	170	5	,	,	PUNCT
issue-1803	170	6	and	and	CCONJ
issue-1803	170	7	thimann	thimann	PROPN
issue-1803	170	8	(	(	PUNCT
issue-1803	170	9	2007	2007	NUM
issue-1803	170	10	)	)	PUNCT
issue-1803	170	11	for	for	ADP
issue-1803	170	12	calculating	calculate	VERB
issue-1803	170	13	equity	equity	NOUN
issue-1803	170	14	home	home	NOUN
issue-1803	170	15	bias	bias	NOUN
issue-1803	170	16	based	base	VERB
issue-1803	170	17	on	on	ADP
issue-1803	170	18	coordinated	coordinate	VERB
issue-1803	170	19	portfolio	portfolio	NOUN
issue-1803	170	20	investment	investment	NOUN
issue-1803	170	21	survey	survey	NOUN
issue-1803	170	22	by	by	ADP
issue-1803	170	23	imf	imf	PROPN
issue-1803	170	24	.	.	PUNCT
issue-1803	171	1	the	the	DET
issue-1803	171	2	model	model	NOUN
issue-1803	171	3	is	be	AUX
issue-1803	171	4	designed	design	VERB
issue-1803	171	5	for	for	ADP
issue-1803	171	6	two	two	NUM
issue-1803	171	7	,	,	PUNCT
issue-1803	171	8	three	three	NUM
issue-1803	171	9	,	,	PUNCT
issue-1803	171	10	four	four	NUM
issue-1803	171	11	,	,	PUNCT
issue-1803	171	12	and	and	CCONJ
issue-1803	171	13	five	five	NUM
issue-1803	171	14	clusters	cluster	NOUN
issue-1803	171	15	.	.	PUNCT
issue-1803	172	1	the	the	DET
issue-1803	172	2	silhouette	silhouette	NOUN
issue-1803	172	3	estimation	estimation	NOUN
issue-1803	172	4	method	method	NOUN
issue-1803	172	5	is	be	AUX
issue-1803	172	6	used	use	VERB
issue-1803	172	7	to	to	PART
issue-1803	172	8	determine	determine	VERB
issue-1803	172	9	the	the	DET
issue-1803	172	10	most	most	ADV
issue-1803	172	11	optimal	optimal	ADJ
issue-1803	172	12	number	number	NOUN
issue-1803	172	13	of	of	ADP
issue-1803	172	14	clusters	cluster	NOUN
issue-1803	172	15	.	.	PUNCT
issue-1803	173	1	the	the	DET
issue-1803	173	2	results	result	NOUN
issue-1803	173	3	of	of	ADP
issue-1803	173	4	the	the	DET
issue-1803	173	5	evolution	evolution	NOUN
issue-1803	173	6	of	of	ADP
issue-1803	173	7	the	the	DET
issue-1803	173	8	silhouette	silhouette	NOUN
issue-1803	173	9	estimates	estimate	NOUN
issue-1803	173	10	show	show	VERB
issue-1803	173	11	that	that	SCONJ
issue-1803	173	12	the	the	DET
issue-1803	173	13	model	model	NOUN
issue-1803	173	14	with	with	ADP
issue-1803	173	15	two	two	NUM
issue-1803	173	16	clusters	cluster	NOUN
issue-1803	173	17	has	have	VERB
issue-1803	173	18	the	the	DET
issue-1803	173	19	highest	high	ADJ
issue-1803	173	20	level	level	NOUN
issue-1803	173	21	of	of	ADP
issue-1803	173	22	accuracy	accuracy	NOUN
issue-1803	173	23	.	.	PUNCT
issue-1803	174	1	the	the	DET
issue-1803	174	2	lowest	low	ADJ
issue-1803	174	3	score	score	NOUN
issue-1803	174	4	is	be	AUX
issue-1803	174	5	attributed	attribute	VERB
issue-1803	174	6	to	to	ADP
issue-1803	174	7	the	the	DET
issue-1803	174	8	three	three	NUM
issue-1803	174	9	-	-	PUNCT
issue-1803	174	10	cluster	cluster	NOUN
issue-1803	174	11	model	model	NOUN
issue-1803	174	12	.	.	PUNCT
issue-1803	175	1	nevertheless	nevertheless	ADV
issue-1803	175	2	,	,	PUNCT
issue-1803	175	3	the	the	DET
issue-1803	175	4	fourand	fourand	ADJ
issue-1803	175	5	fivecluster	fivecluster	NOUN
issue-1803	175	6	models	model	NOUN
issue-1803	175	7	also	also	ADV
issue-1803	175	8	have	have	VERB
issue-1803	175	9	quite	quite	ADV
issue-1803	175	10	high	high	ADJ
issue-1803	175	11	performance	performance	NOUN
issue-1803	175	12	in	in	ADP
issue-1803	175	13	comparison	comparison	NOUN
issue-1803	175	14	with	with	ADP
issue-1803	175	15	the	the	DET
issue-1803	175	16	two	two	NUM
issue-1803	175	17	-	-	PUNCT
issue-1803	175	18	cluster	cluster	NOUN
issue-1803	175	19	model	model	NOUN
issue-1803	175	20	.	.	PUNCT
issue-1803	176	1	therefore	therefore	ADV
issue-1803	176	2	,	,	PUNCT
issue-1803	176	3	this	this	DET
issue-1803	176	4	article	article	NOUN
issue-1803	176	5	analyzes	analyze	VERB
issue-1803	176	6	three	three	NUM
issue-1803	176	7	models	model	NOUN
issue-1803	176	8	:	:	PUNCT
issue-1803	176	9	two-	two-	X
issue-1803	176	10	,	,	PUNCT
issue-1803	176	11	four-	four-	X
issue-1803	176	12	,	,	PUNCT
issue-1803	176	13	and	and	CCONJ
issue-1803	176	14	five	five	NUM
issue-1803	176	15	-	-	PUNCT
issue-1803	176	16	cluster	cluster	NOUN
issue-1803	176	17	models	model	NOUN
issue-1803	176	18	.	.	PUNCT
issue-1803	177	1	4	4	X
issue-1803	177	2	.	.	NOUN
issue-1803	177	3	results	result	NOUN
issue-1803	177	4	and	and	CCONJ
issue-1803	177	5	discussion	discussion	VERB
issue-1803	177	6	the	the	DET
issue-1803	177	7	two	two	NUM
issue-1803	177	8	-	-	PUNCT
issue-1803	177	9	cluster	cluster	NOUN
issue-1803	177	10	model	model	NOUN
issue-1803	177	11	divides	divide	VERB
issue-1803	177	12	markets	market	NOUN
issue-1803	177	13	into	into	ADP
issue-1803	177	14	two	two	NUM
issue-1803	177	15	groups	group	NOUN
issue-1803	177	16	.	.	PUNCT
issue-1803	178	1	the	the	DET
issue-1803	178	2	first	first	ADJ
issue-1803	178	3	group	group	NOUN
issue-1803	178	4	consists	consist	VERB
issue-1803	178	5	of	of	ADP
issue-1803	178	6	14	14	NUM
issue-1803	178	7	markets	market	NOUN
issue-1803	178	8	,	,	PUNCT
issue-1803	178	9	and	and	CCONJ
issue-1803	178	10	the	the	DET
issue-1803	178	11	second	second	ADJ
issue-1803	178	12	group	group	NOUN
issue-1803	178	13	consists	consist	VERB
issue-1803	178	14	of	of	ADP
issue-1803	178	15	16	16	NUM
issue-1803	178	16	markets	market	NOUN
issue-1803	178	17	.	.	PUNCT
issue-1803	179	1	the	the	DET
issue-1803	179	2	first	first	ADJ
issue-1803	179	3	group	group	NOUN
issue-1803	179	4	includes	include	VERB
issue-1803	179	5	great	great	ADJ
issue-1803	179	6	britain	britain	PROPN
issue-1803	179	7	,	,	PUNCT
issue-1803	179	8	france	france	PROPN
issue-1803	179	9	,	,	PUNCT
issue-1803	179	10	germany	germany	PROPN
issue-1803	179	11	,	,	PUNCT
issue-1803	179	12	the	the	DET
issue-1803	179	13	united	united	PROPN
issue-1803	179	14	states	states	PROPN
issue-1803	179	15	,	,	PUNCT
issue-1803	179	16	norway	norway	PROPN
issue-1803	179	17	,	,	PUNCT
issue-1803	179	18	canada	canada	PROPN
issue-1803	179	19	,	,	PUNCT
issue-1803	179	20	ireland	ireland	PROPN
issue-1803	179	21	,	,	PUNCT
issue-1803	179	22	the	the	DET
issue-1803	179	23	netherlands	netherlands	PROPN
issue-1803	179	24	,	,	PUNCT
issue-1803	179	25	austria	austria	PROPN
issue-1803	179	26	,	,	PUNCT
issue-1803	179	27	denmark	denmark	PROPN
issue-1803	179	28	,	,	PUNCT
issue-1803	179	29	belgium	belgium	PROPN
issue-1803	179	30	,	,	PUNCT
issue-1803	179	31	sweden	sweden	PROPN
issue-1803	179	32	,	,	PUNCT
issue-1803	179	33	and	and	CCONJ
issue-1803	179	34	switzerland	switzerland	PROPN
issue-1803	179	35	,	,	PUNCT
issue-1803	179	36	and	and	CCONJ
issue-1803	179	37	the	the	DET
issue-1803	179	38	central	central	ADJ
issue-1803	179	39	object	object	NOUN
issue-1803	179	40	of	of	ADP
issue-1803	179	41	the	the	DET
issue-1803	179	42	cluster	cluster	NOUN
issue-1803	179	43	is	be	AUX
issue-1803	179	44	italy	italy	PROPN
issue-1803	179	45	.	.	PUNCT
issue-1803	180	1	the	the	DET
issue-1803	180	2	second	second	ADJ
issue-1803	180	3	group	group	NOUN
issue-1803	180	4	includes	include	VERB
issue-1803	180	5	japan	japan	PROPN
issue-1803	180	6	,	,	PUNCT
issue-1803	180	7	hong	hong	PROPN
issue-1803	180	8	kong	kong	PROPN
issue-1803	180	9	,	,	PUNCT
issue-1803	180	10	spain	spain	PROPN
issue-1803	180	11	,	,	PUNCT
issue-1803	180	12	thailand	thailand	PROPN
issue-1803	180	13	,	,	PUNCT
issue-1803	180	14	turkey	turkey	PROPN
issue-1803	180	15	,	,	PUNCT
issue-1803	180	16	poland	poland	PROPN
issue-1803	180	17	,	,	PUNCT
issue-1803	180	18	indonesia	indonesia	PROPN
issue-1803	180	19	,	,	PUNCT
issue-1803	180	20	india	india	PROPN
issue-1803	180	21	,	,	PUNCT
issue-1803	180	22	argentina	argentina	PROPN
issue-1803	180	23	,	,	PUNCT
issue-1803	180	24	egypt	egypt	PROPN
issue-1803	180	25	,	,	PUNCT
issue-1803	180	26	brazil	brazil	PROPN
issue-1803	180	27	,	,	PUNCT
issue-1803	180	28	greece	greece	PROPN
issue-1803	180	29	,	,	PUNCT
issue-1803	180	30	hungary	hungary	PROPN
issue-1803	180	31	,	,	PUNCT
issue-1803	180	32	mexico	mexico	PROPN
issue-1803	180	33	,	,	PUNCT
issue-1803	180	34	malaysia	malaysia	PROPN
issue-1803	180	35	,	,	PUNCT
issue-1803	180	36	while	while	SCONJ
issue-1803	180	37	korea	korea	PROPN
issue-1803	180	38	is	be	AUX
issue-1803	180	39	the	the	DET
issue-1803	180	40	centerpiece	centerpiece	NOUN
issue-1803	180	41	of	of	ADP
issue-1803	180	42	the	the	DET
issue-1803	180	43	cluster	cluster	NOUN
issue-1803	180	44	.	.	PUNCT
issue-1803	181	1	obviously	obviously	ADV
issue-1803	181	2	,	,	PUNCT
issue-1803	181	3	the	the	DET
issue-1803	181	4	first	first	ADJ
issue-1803	181	5	group	group	NOUN
issue-1803	181	6	includes	include	VERB
issue-1803	181	7	only	only	ADJ
issue-1803	181	8	markets	market	NOUN
issue-1803	181	9	from	from	ADP
issue-1803	181	10	the	the	DET
issue-1803	181	11	msci	msci	PROPN
issue-1803	181	12	developed	develop	VERB
issue-1803	181	13	markets	market	NOUN
issue-1803	181	14	classification	classification	NOUN
issue-1803	181	15	.	.	PUNCT
issue-1803	182	1	although	although	SCONJ
issue-1803	182	2	the	the	DET
issue-1803	182	3	second	second	ADJ
issue-1803	182	4	group	group	NOUN
issue-1803	182	5	covers	cover	VERB
issue-1803	182	6	mostly	mostly	ADV
issue-1803	182	7	msci	msci	ADJ
issue-1803	182	8	emerging	emerge	VERB
issue-1803	182	9	markets	market	NOUN
issue-1803	182	10	,	,	PUNCT
issue-1803	182	11	it	it	PRON
issue-1803	182	12	includes	include	VERB
issue-1803	182	13	three	three	NUM
issue-1803	182	14	markets	market	NOUN
issue-1803	182	15	from	from	ADP
issue-1803	182	16	the	the	DET
issue-1803	182	17	developed	develop	VERB
issue-1803	182	18	markets	market	NOUN
issue-1803	182	19	group	group	NOUN
issue-1803	182	20	.	.	PUNCT
issue-1803	183	1	the	the	DET
issue-1803	183	2	inclusion	inclusion	NOUN
issue-1803	183	3	of	of	ADP
issue-1803	183	4	japan	japan	PROPN
issue-1803	183	5	,	,	PUNCT
issue-1803	183	6	hong	hong	PROPN
issue-1803	183	7	kong	kong	PROPN
issue-1803	183	8	,	,	PUNCT
issue-1803	183	9	and	and	CCONJ
issue-1803	183	10	spain	spain	PROPN
issue-1803	183	11	in	in	ADP
issue-1803	183	12	the	the	DET
issue-1803	183	13	second	second	ADJ
issue-1803	183	14	group	group	NOUN
issue-1803	183	15	appears	appear	VERB
issue-1803	183	16	to	to	PART
issue-1803	183	17	be	be	AUX
issue-1803	183	18	due	due	ADJ
issue-1803	183	19	to	to	ADP
issue-1803	183	20	a	a	DET
issue-1803	183	21	relatively	relatively	ADV
issue-1803	183	22	low	low	ADJ
issue-1803	183	23	level	level	NOUN
issue-1803	183	24	of	of	ADP
issue-1803	183	25	international	international	ADJ
issue-1803	183	26	diversification	diversification	NOUN
issue-1803	183	27	(	(	PUNCT
issue-1803	183	28	21.35	21.35	NUM
issue-1803	183	29	;	;	PUNCT
issue-1803	183	30	22.40	22.40	NUM
issue-1803	183	31	;	;	PUNCT
issue-1803	183	32	14.61	14.61	NUM
issue-1803	183	33	,	,	PUNCT
issue-1803	183	34	respectively	respectively	ADV
issue-1803	183	35	)	)	PUNCT
issue-1803	183	36	.	.	PUNCT
issue-1803	184	1	however	however	ADV
issue-1803	184	2	,	,	PUNCT
issue-1803	184	3	this	this	DET
issue-1803	184	4	inclusion	inclusion	NOUN
issue-1803	184	5	may	may	AUX
issue-1803	184	6	be	be	AUX
issue-1803	184	7	incorrect	incorrect	ADJ
issue-1803	184	8	due	due	ADP
issue-1803	184	9	to	to	ADP
issue-1803	184	10	the	the	DET
issue-1803	184	11	absence	absence	NOUN
issue-1803	184	12	of	of	ADP
issue-1803	184	13	the	the	DET
issue-1803	184	14	other	other	ADJ
issue-1803	184	15	two	two	NUM
issue-1803	184	16	factors	factor	NOUN
issue-1803	184	17	(	(	PUNCT
issue-1803	184	18	e.g.	e.g.	ADV
issue-1803	184	19	,	,	PUNCT
issue-1803	184	20	the	the	DET
issue-1803	184	21	risk	risk	NOUN
issue-1803	184	22	level	level	NOUN
issue-1803	184	23	of	of	ADP
issue-1803	184	24	these	these	DET
issue-1803	184	25	markets	market	NOUN
issue-1803	184	26	indicates	indicate	VERB
issue-1803	184	27	that	that	SCONJ
issue-1803	184	28	they	they	PRON
issue-1803	184	29	belong	belong	VERB
issue-1803	184	30	to	to	ADP
issue-1803	184	31	the	the	DET
issue-1803	184	32	first	first	ADJ
issue-1803	184	33	group	group	NOUN
issue-1803	184	34	)	)	PUNCT
issue-1803	184	35	.	.	PUNCT
issue-1803	185	1	the	the	DET
issue-1803	185	2	average	average	ADJ
issue-1803	185	3	rate	rate	NOUN
issue-1803	185	4	of	of	ADP
issue-1803	185	5	return	return	NOUN
issue-1803	185	6	in	in	ADP
issue-1803	185	7	the	the	DET
issue-1803	185	8	first	first	ADJ
issue-1803	185	9	cluster	cluster	NOUN
issue-1803	185	10	is	be	AUX
issue-1803	185	11	significantly	significantly	ADV
issue-1803	185	12	higher	high	ADJ
issue-1803	185	13	than	than	ADP
issue-1803	185	14	in	in	ADP
issue-1803	185	15	the	the	DET
issue-1803	185	16	second	second	ADJ
issue-1803	185	17	(	(	PUNCT
issue-1803	185	18	0.47	0.47	NUM
issue-1803	185	19	%	%	NOUN
issue-1803	185	20	vs.	vs.	ADP
issue-1803	185	21	0.05	0.05	NUM
issue-1803	185	22	%	%	NOUN
issue-1803	185	23	)	)	PUNCT
issue-1803	185	24	.	.	PUNCT
issue-1803	186	1	the	the	DET
issue-1803	186	2	average	average	ADJ
issue-1803	186	3	rate	rate	NOUN
issue-1803	186	4	of	of	ADP
issue-1803	186	5	risk	risk	NOUN
issue-1803	186	6	in	in	ADP
issue-1803	186	7	the	the	DET
issue-1803	186	8	first	first	ADJ
issue-1803	186	9	cluster	cluster	NOUN
issue-1803	186	10	is	be	AUX
issue-1803	186	11	lower	low	ADJ
issue-1803	186	12	than	than	ADP
issue-1803	186	13	in	in	ADP
issue-1803	186	14	the	the	DET
issue-1803	186	15	second	second	ADJ
issue-1803	186	16	cluster	cluster	NOUN
issue-1803	186	17	(	(	PUNCT
issue-1803	186	18	5.87	5.87	NUM
issue-1803	186	19	%	%	NOUN
issue-1803	186	20	vs.	vs.	ADP
issue-1803	186	21	7.65	7.65	NUM
issue-1803	186	22	%	%	NOUN
issue-1803	186	23	)	)	PUNCT
issue-1803	186	24	.	.	PUNCT
issue-1803	187	1	the	the	DET
issue-1803	187	2	average	average	ADJ
issue-1803	187	3	level	level	NOUN
issue-1803	187	4	of	of	ADP
issue-1803	187	5	international	international	ADJ
issue-1803	187	6	diversification	diversification	NOUN
issue-1803	187	7	is	be	AUX
issue-1803	187	8	also	also	ADV
issue-1803	187	9	significantly	significantly	ADV
issue-1803	187	10	higher	high	ADJ
issue-1803	187	11	in	in	ADP
issue-1803	187	12	the	the	DET
issue-1803	187	13	first	first	ADJ
issue-1803	187	14	cluster	cluster	NOUN
issue-1803	187	15	(	(	PUNCT
issue-1803	187	16	46.20	46.20	NUM
issue-1803	187	17	%	%	NOUN
issue-1803	187	18	vs.	vs.	ADP
issue-1803	187	19	7.72	7.72	NUM
issue-1803	187	20	%	%	NOUN
issue-1803	187	21	)	)	PUNCT
issue-1803	187	22	.	.	PUNCT
issue-1803	188	1	it	it	PRON
issue-1803	188	2	is	be	AUX
issue-1803	188	3	possible	possible	ADJ
issue-1803	188	4	to	to	PART
issue-1803	188	5	conclude	conclude	VERB
issue-1803	188	6	that	that	SCONJ
issue-1803	188	7	the	the	DET
issue-1803	188	8	first	first	ADJ
issue-1803	188	9	cluster	cluster	NOUN
issue-1803	188	10	of	of	ADP
issue-1803	188	11	markets	market	NOUN
issue-1803	188	12	has	have	VERB
issue-1803	188	13	higher	high	ADJ
issue-1803	188	14	efficiency	efficiency	NOUN
issue-1803	188	15	with	with	ADP
issue-1803	188	16	more	more	ADV
issue-1803	188	17	optimally	optimally	ADV
issue-1803	188	18	constructed	construct	VERB
issue-1803	188	19	portfolios	portfolio	NOUN
issue-1803	188	20	of	of	ADP
issue-1803	188	21	developed	develop	VERB
issue-1803	188	22	markets	market	NOUN
issue-1803	188	23	.	.	PUNCT
issue-1803	189	1	moreover	moreover	ADV
issue-1803	189	2	,	,	PUNCT
issue-1803	189	3	investors	investor	NOUN
issue-1803	189	4	in	in	ADP
issue-1803	189	5	the	the	DET
issue-1803	189	6	first	first	ADJ
issue-1803	189	7	cluster	cluster	NOUN
issue-1803	189	8	choose	choose	VERB
issue-1803	189	9	more	more	ADV
issue-1803	189	10	internationally	internationally	ADV
issue-1803	189	11	diversified	diversify	VERB
issue-1803	189	12	portfolios	portfolio	NOUN
issue-1803	189	13	.	.	PUNCT
issue-1803	190	1	the	the	DET
issue-1803	190	2	four	four	NUM
issue-1803	190	3	-	-	PUNCT
issue-1803	190	4	cluster	cluster	NOUN
issue-1803	190	5	model	model	NOUN
issue-1803	190	6	divides	divide	VERB
issue-1803	190	7	markets	market	NOUN
issue-1803	190	8	into	into	ADP
issue-1803	190	9	four	four	NUM
issue-1803	190	10	groups	group	NOUN
issue-1803	190	11	.	.	PUNCT
issue-1803	191	1	the	the	DET
issue-1803	191	2	first	first	ADJ
issue-1803	191	3	cluster	cluster	NOUN
issue-1803	191	4	consists	consist	VERB
issue-1803	191	5	of	of	ADP
issue-1803	191	6	8	8	NUM
issue-1803	191	7	developed	develop	VERB
issue-1803	191	8	markets	market	NOUN
issue-1803	191	9	:	:	PUNCT
issue-1803	191	10	great	great	ADJ
issue-1803	191	11	britain	britain	PROPN
issue-1803	191	12	,	,	PUNCT
issue-1803	191	13	france	france	PROPN
issue-1803	191	14	,	,	PUNCT
issue-1803	191	15	canada	canada	PROPN
issue-1803	191	16	,	,	PUNCT
issue-1803	191	17	italy	italy	PROPN
issue-1803	191	18	,	,	PUNCT
issue-1803	191	19	denmark	denmark	PROPN
issue-1803	191	20	,	,	PUNCT
issue-1803	191	21	belgium	belgium	PROPN
issue-1803	191	22	,	,	PUNCT
issue-1803	191	23	switzerland	switzerland	PROPN
issue-1803	191	24	and	and	CCONJ
issue-1803	191	25	sweden	sweden	PROPN
issue-1803	191	26	,	,	PUNCT
issue-1803	191	27	the	the	DET
issue-1803	191	28	center	center	NOUN
issue-1803	191	29	of	of	ADP
issue-1803	191	30	the	the	DET
issue-1803	191	31	cluster	cluster	NOUN
issue-1803	191	32	.	.	PUNCT
issue-1803	192	1	the	the	DET
issue-1803	192	2	second	second	ADJ
issue-1803	192	3	cluster	cluster	NOUN
issue-1803	192	4	covers	cover	VERB
issue-1803	192	5	6	6	NUM
issue-1803	192	6	markets	market	NOUN
issue-1803	192	7	:	:	PUNCT
issue-1803	192	8	germany	germany	PROPN
issue-1803	192	9	,	,	PUNCT
issue-1803	192	10	the	the	DET
issue-1803	192	11	united	united	PROPN
issue-1803	192	12	states	states	PROPN
issue-1803	192	13	,	,	PUNCT
issue-1803	192	14	japan	japan	PROPN
issue-1803	192	15	,	,	PUNCT
issue-1803	192	16	spain	spain	PROPN
issue-1803	192	17	,	,	PUNCT
issue-1803	192	18	hungary	hungary	PROPN
issue-1803	192	19	and	and	CCONJ
issue-1803	192	20	hong	hong	PROPN
issue-1803	192	21	kong	kong	PROPN
issue-1803	192	22	,	,	PUNCT
issue-1803	192	23	the	the	DET
issue-1803	192	24	centerpiece	centerpiece	NOUN
issue-1803	192	25	of	of	ADP
issue-1803	192	26	the	the	DET
issue-1803	192	27	group	group	NOUN
issue-1803	192	28	.	.	PUNCT
issue-1803	193	1	these	these	DET
issue-1803	193	2	five	five	NUM
issue-1803	193	3	markets	market	NOUN
issue-1803	193	4	are	be	AUX
issue-1803	193	5	developed	develop	VERB
issue-1803	193	6	,	,	PUNCT
issue-1803	193	7	although	although	SCONJ
issue-1803	193	8	one	one	NUM
issue-1803	193	9	market	market	NOUN
issue-1803	193	10	(	(	PUNCT
issue-1803	193	11	hungary	hungary	PROPN
issue-1803	193	12	)	)	PUNCT
issue-1803	193	13	is	be	AUX
issue-1803	193	14	developing	develop	VERB
issue-1803	193	15	.	.	PUNCT
issue-1803	194	1	this	this	PRON
issue-1803	194	2	can	can	AUX
issue-1803	194	3	be	be	AUX
issue-1803	194	4	explained	explain	VERB
issue-1803	194	5	by	by	ADP
issue-1803	194	6	the	the	DET
issue-1803	194	7	fact	fact	NOUN
issue-1803	194	8	that	that	SCONJ
issue-1803	194	9	hungary	hungary	PROPN
issue-1803	194	10	has	have	AUX
issue-1803	194	11	the	the	DET
issue-1803	194	12	highest	high	ADJ
issue-1803	194	13	level	level	NOUN
issue-1803	194	14	of	of	ADP
issue-1803	194	15	international	international	ADJ
issue-1803	194	16	diversification	diversification	NOUN
issue-1803	194	17	among	among	ADP
issue-1803	194	18	emerging	emerge	VERB
issue-1803	194	19	markets	market	NOUN
issue-1803	194	20	.	.	PUNCT
issue-1803	195	1	the	the	DET
issue-1803	195	2	third	third	ADJ
issue-1803	195	3	cluster	cluster	NOUN
issue-1803	195	4	unites	unite	VERB
issue-1803	195	5	4	4	NUM
issue-1803	195	6	markets	market	NOUN
issue-1803	195	7	:	:	PUNCT
issue-1803	195	8	norway	norway	PROPN
issue-1803	195	9	,	,	PUNCT
issue-1803	195	10	ireland	ireland	PROPN
issue-1803	195	11	,	,	PUNCT
issue-1803	195	12	the	the	DET
issue-1803	195	13	netherlands	netherlands	PROPN
issue-1803	195	14	and	and	CCONJ
issue-1803	195	15	austria	austria	PROPN
issue-1803	195	16	,	,	PUNCT
issue-1803	195	17	which	which	PRON
issue-1803	195	18	is	be	AUX
issue-1803	195	19	the	the	DET
issue-1803	195	20	center	center	NOUN
issue-1803	195	21	of	of	ADP
issue-1803	195	22	the	the	DET
issue-1803	195	23	cluster	cluster	NOUN
issue-1803	195	24	.	.	PUNCT
issue-1803	196	1	all	all	DET
issue-1803	196	2	four	four	NUM
issue-1803	196	3	markets	market	NOUN
issue-1803	196	4	are	be	AUX
issue-1803	196	5	developed	develop	VERB
issue-1803	196	6	and	and	CCONJ
issue-1803	196	7	have	have	VERB
issue-1803	196	8	the	the	DET
issue-1803	196	9	highest	high	ADJ
issue-1803	196	10	level	level	NOUN
issue-1803	196	11	of	of	ADP
issue-1803	196	12	international	international	ADJ
issue-1803	196	13	diversification	diversification	NOUN
issue-1803	196	14	.	.	PUNCT
issue-1803	197	1	the	the	DET
issue-1803	197	2	fourth	fourth	ADJ
issue-1803	197	3	cluster	cluster	NOUN
issue-1803	197	4	covers	cover	VERB
issue-1803	197	5	12	12	NUM
issue-1803	197	6	emerging	emerge	VERB
issue-1803	197	7	markets	market	NOUN
issue-1803	197	8	:	:	PUNCT
issue-1803	197	9	thailand	thailand	PROPN
issue-1803	197	10	,	,	PUNCT
issue-1803	197	11	0,671	0,671	NUM
issue-1803	197	12	0,305	0,305	NOUN
issue-1803	197	13	0,605	0,605	NUM
issue-1803	198	1	0,601	0,601	NUM
issue-1803	198	2	0	0	NUM
issue-1803	198	3	0,1	0,1	NUM
issue-1803	198	4	0,2	0,2	NUM
issue-1803	198	5	0,3	0,3	NUM
issue-1803	198	6	0,4	0,4	NUM
issue-1803	198	7	0,5	0,5	NUM
issue-1803	198	8	0,6	0,6	NUM
issue-1803	198	9	0,7	0,7	NUM
issue-1803	198	10	0,8	0,8	NUM
issue-1803	198	11	2	2	NUM
issue-1803	198	12	3	3	NUM
issue-1803	198	13	4	4	NUM
issue-1803	198	14	5	5	NUM
issue-1803	198	15	silhouette	silhouette	NOUN
issue-1803	198	16	scores	score	NOUN
issue-1803	198	17	figure	figure	VERB
issue-1803	198	18	1	1	NUM
issue-1803	198	19	.	.	PUNCT
issue-1803	199	1	development	development	NOUN
issue-1803	199	2	of	of	ADP
issue-1803	199	3	the	the	DET
issue-1803	199	4	silhouette	silhouette	NOUN
issue-1803	199	5	scores	score	NOUN
issue-1803	199	6	for	for	ADP
issue-1803	199	7	different	different	ADJ
issue-1803	199	8	clusters	cluster	NOUN
issue-1803	199	9	notes	note	VERB
issue-1803	199	10	:	:	PUNCT
issue-1803	199	11	1	1	X
issue-1803	199	12	.	.	PUNCT
issue-1803	200	1	the	the	DET
issue-1803	200	2	corresponding	corresponding	ADJ
issue-1803	200	3	figures	figure	NOUN
issue-1803	200	4	have	have	AUX
issue-1803	200	5	been	be	AUX
issue-1803	200	6	calculated	calculate	VERB
issue-1803	200	7	and	and	CCONJ
issue-1803	200	8	the	the	DET
issue-1803	200	9	graphs	graph	NOUN
issue-1803	200	10	have	have	AUX
issue-1803	200	11	been	be	AUX
issue-1803	200	12	compiled	compile	VERB
issue-1803	200	13	by	by	ADP
issue-1803	200	14	the	the	DET
issue-1803	200	15	authors	author	NOUN
issue-1803	200	16	.	.	PUNCT
issue-1803	201	1	2	2	X
issue-1803	201	2	.	.	X
issue-1803	201	3	in	in	ADP
issue-1803	201	4	order	order	NOUN
issue-1803	201	5	to	to	PART
issue-1803	201	6	simplify	simplify	VERB
issue-1803	201	7	and	and	CCONJ
issue-1803	201	8	facilitate	facilitate	VERB
issue-1803	201	9	the	the	DET
issue-1803	201	10	perception	perception	NOUN
issue-1803	201	11	of	of	ADP
issue-1803	201	12	the	the	DET
issue-1803	201	13	results	result	NOUN
issue-1803	201	14	,	,	PUNCT
issue-1803	201	15	the	the	DET
issue-1803	201	16	underlying	underlie	VERB
issue-1803	201	17	calculations	calculation	NOUN
issue-1803	201	18	are	be	AUX
issue-1803	201	19	not	not	PART
issue-1803	201	20	given	give	VERB
issue-1803	201	21	.	.	PUNCT
issue-1803	202	1	baltic	baltic	PROPN
issue-1803	202	2	journal	journal	PROPN
issue-1803	202	3	of	of	ADP
issue-1803	202	4	economic	economic	ADJ
issue-1803	202	5	studies	study	NOUN
issue-1803	202	6	59	59	NUM
issue-1803	202	7	vol	vol	NOUN
issue-1803	202	8	.	.	PROPN
issue-1803	202	9	8	8	NUM
issue-1803	203	1	no	no	NOUN
issue-1803	203	2	.	.	NOUN
issue-1803	204	1	3	3	NUM
issue-1803	204	2	,	,	PUNCT
issue-1803	204	3	2022	2022	NUM
issue-1803	204	4	turkey	turkey	NOUN
issue-1803	204	5	,	,	PUNCT
issue-1803	204	6	indonesia	indonesia	PROPN
issue-1803	204	7	,	,	PUNCT
issue-1803	204	8	korea	korea	PROPN
issue-1803	204	9	,	,	PUNCT
issue-1803	204	10	india	india	PROPN
issue-1803	204	11	,	,	PUNCT
issue-1803	204	12	argentina	argentina	PROPN
issue-1803	204	13	,	,	PUNCT
issue-1803	204	14	egypt	egypt	PROPN
issue-1803	204	15	,	,	PUNCT
issue-1803	204	16	brazil	brazil	PROPN
issue-1803	204	17	,	,	PUNCT
issue-1803	204	18	greece	greece	PROPN
issue-1803	204	19	,	,	PUNCT
issue-1803	204	20	mexico	mexico	PROPN
issue-1803	204	21	,	,	PUNCT
issue-1803	204	22	malaysia	malaysia	PROPN
issue-1803	204	23	and	and	CCONJ
issue-1803	204	24	poland	poland	PROPN
issue-1803	204	25	–	–	PUNCT
issue-1803	204	26	the	the	DET
issue-1803	204	27	center	center	NOUN
issue-1803	204	28	of	of	ADP
issue-1803	204	29	the	the	DET
issue-1803	204	30	cluster	cluster	NOUN
issue-1803	204	31	.	.	PUNCT
issue-1803	205	1	the	the	DET
issue-1803	205	2	first	first	ADJ
issue-1803	205	3	cluster	cluster	NOUN
issue-1803	205	4	has	have	VERB
issue-1803	205	5	the	the	DET
issue-1803	205	6	highest	high	ADJ
issue-1803	205	7	rate	rate	NOUN
issue-1803	205	8	of	of	ADP
issue-1803	205	9	return	return	NOUN
issue-1803	205	10	and	and	CCONJ
issue-1803	205	11	the	the	DET
issue-1803	205	12	lowest	low	ADJ
issue-1803	205	13	level	level	NOUN
issue-1803	205	14	of	of	ADP
issue-1803	205	15	risk	risk	NOUN
issue-1803	205	16	among	among	ADP
issue-1803	205	17	the	the	DET
issue-1803	205	18	four	four	NUM
issue-1803	205	19	clusters	cluster	NOUN
issue-1803	205	20	.	.	PUNCT
issue-1803	206	1	the	the	DET
issue-1803	206	2	fourth	fourth	ADJ
issue-1803	206	3	cluster	cluster	NOUN
issue-1803	206	4	has	have	VERB
issue-1803	206	5	the	the	DET
issue-1803	206	6	lowest	low	ADJ
issue-1803	206	7	rate	rate	NOUN
issue-1803	206	8	of	of	ADP
issue-1803	206	9	return	return	NOUN
issue-1803	206	10	and	and	CCONJ
issue-1803	206	11	the	the	DET
issue-1803	206	12	highest	high	ADJ
issue-1803	206	13	rate	rate	NOUN
issue-1803	206	14	of	of	ADP
issue-1803	206	15	risk	risk	NOUN
issue-1803	206	16	among	among	ADP
issue-1803	206	17	the	the	DET
issue-1803	206	18	four	four	NUM
issue-1803	206	19	clusters	cluster	NOUN
issue-1803	206	20	.	.	PUNCT
issue-1803	207	1	however	however	ADV
issue-1803	207	2	,	,	PUNCT
issue-1803	207	3	the	the	DET
issue-1803	207	4	first	first	ADJ
issue-1803	207	5	cluster	cluster	NOUN
issue-1803	207	6	is	be	AUX
issue-1803	207	7	not	not	PART
issue-1803	207	8	the	the	DET
issue-1803	207	9	leader	leader	NOUN
issue-1803	207	10	in	in	ADP
issue-1803	207	11	terms	term	NOUN
issue-1803	207	12	of	of	ADP
issue-1803	207	13	international	international	ADJ
issue-1803	207	14	diversification	diversification	NOUN
issue-1803	207	15	.	.	PUNCT
issue-1803	208	1	the	the	DET
issue-1803	208	2	third	third	ADJ
issue-1803	208	3	cluster	cluster	NOUN
issue-1803	208	4	has	have	VERB
issue-1803	208	5	the	the	DET
issue-1803	208	6	highest	high	ADJ
issue-1803	208	7	level	level	NOUN
issue-1803	208	8	of	of	ADP
issue-1803	208	9	international	international	ADJ
issue-1803	208	10	diversification	diversification	NOUN
issue-1803	208	11	and	and	CCONJ
issue-1803	208	12	fairly	fairly	ADV
issue-1803	208	13	high	high	ADJ
issue-1803	208	14	rates	rate	NOUN
issue-1803	208	15	of	of	ADP
issue-1803	208	16	return	return	NOUN
issue-1803	208	17	.	.	PUNCT
issue-1803	209	1	it	it	PRON
issue-1803	209	2	should	should	AUX
issue-1803	209	3	be	be	AUX
issue-1803	209	4	noted	note	VERB
issue-1803	209	5	that	that	SCONJ
issue-1803	209	6	the	the	DET
issue-1803	209	7	market	market	NOUN
issue-1803	209	8	portfolios	portfolio	NOUN
issue-1803	209	9	of	of	ADP
issue-1803	209	10	the	the	DET
issue-1803	209	11	first	first	ADJ
issue-1803	209	12	cluster	cluster	NOUN
issue-1803	209	13	have	have	VERB
issue-1803	209	14	the	the	DET
issue-1803	209	15	most	most	ADV
issue-1803	209	16	optimal	optimal	ADJ
issue-1803	209	17	risk	risk	NOUN
issue-1803	209	18	and	and	CCONJ
issue-1803	209	19	return	return	NOUN
issue-1803	209	20	indicators	indicator	NOUN
issue-1803	209	21	,	,	PUNCT
issue-1803	209	22	but	but	CCONJ
issue-1803	209	23	,	,	PUNCT
issue-1803	209	24	nevertheless	nevertheless	ADV
issue-1803	209	25	,	,	PUNCT
issue-1803	209	26	investors	investor	NOUN
issue-1803	209	27	prefer	prefer	VERB
issue-1803	209	28	to	to	PART
issue-1803	209	29	invest	invest	VERB
issue-1803	209	30	almost	almost	ADV
issue-1803	209	31	43	43	NUM
issue-1803	209	32	%	%	NOUN
issue-1803	209	33	of	of	ADP
issue-1803	209	34	the	the	DET
issue-1803	209	35	portfolio	portfolio	NOUN
issue-1803	209	36	globally	globally	ADV
issue-1803	209	37	.	.	PUNCT
issue-1803	210	1	in	in	ADP
issue-1803	210	2	addition	addition	NOUN
issue-1803	210	3	,	,	PUNCT
issue-1803	210	4	this	this	PRON
issue-1803	210	5	can	can	AUX
issue-1803	210	6	be	be	AUX
issue-1803	210	7	explained	explain	VERB
issue-1803	210	8	by	by	ADP
issue-1803	210	9	the	the	DET
issue-1803	210	10	fact	fact	NOUN
issue-1803	210	11	that	that	SCONJ
issue-1803	210	12	investors	investor	NOUN
issue-1803	210	13	from	from	ADP
issue-1803	210	14	developed	developed	ADJ
issue-1803	210	15	markets	market	NOUN
issue-1803	210	16	prefer	prefer	VERB
issue-1803	210	17	to	to	PART
issue-1803	210	18	invest	invest	VERB
issue-1803	210	19	in	in	ADP
issue-1803	210	20	assets	asset	NOUN
issue-1803	210	21	from	from	ADP
issue-1803	210	22	developed	develop	VERB
issue-1803	210	23	markets	market	NOUN
issue-1803	210	24	.	.	PUNCT
issue-1803	211	1	on	on	ADP
issue-1803	211	2	the	the	DET
issue-1803	211	3	other	other	ADJ
issue-1803	211	4	hand	hand	NOUN
issue-1803	211	5	,	,	PUNCT
issue-1803	211	6	the	the	DET
issue-1803	211	7	second	second	ADJ
issue-1803	211	8	cluster	cluster	NOUN
issue-1803	211	9	,	,	PUNCT
issue-1803	211	10	consisting	consist	VERB
issue-1803	211	11	mainly	mainly	ADV
issue-1803	211	12	of	of	ADP
issue-1803	211	13	developed	develop	VERB
issue-1803	211	14	markets	market	NOUN
issue-1803	211	15	,	,	PUNCT
issue-1803	211	16	has	have	VERB
issue-1803	211	17	a	a	DET
issue-1803	211	18	relatively	relatively	ADV
issue-1803	211	19	low	low	ADJ
issue-1803	211	20	level	level	NOUN
issue-1803	211	21	of	of	ADP
issue-1803	211	22	international	international	ADJ
issue-1803	211	23	diversification	diversification	NOUN
issue-1803	211	24	.	.	PUNCT
issue-1803	212	1	the	the	DET
issue-1803	212	2	main	main	ADJ
issue-1803	212	3	reason	reason	NOUN
issue-1803	212	4	for	for	ADP
issue-1803	212	5	this	this	DET
issue-1803	212	6	phenomenon	phenomenon	NOUN
issue-1803	212	7	is	be	AUX
issue-1803	212	8	that	that	SCONJ
issue-1803	212	9	most	most	ADV
issue-1803	212	10	popular	popular	ADJ
issue-1803	212	11	stocks	stock	NOUN
issue-1803	212	12	for	for	ADP
issue-1803	212	13	international	international	ADJ
issue-1803	212	14	portfolio	portfolio	NOUN
issue-1803	212	15	diversification	diversification	NOUN
issue-1803	212	16	are	be	AUX
issue-1803	212	17	national	national	ADJ
issue-1803	212	18	for	for	ADP
issue-1803	212	19	the	the	DET
issue-1803	212	20	markets	market	NOUN
issue-1803	212	21	of	of	ADP
issue-1803	212	22	the	the	DET
issue-1803	212	23	second	second	ADJ
issue-1803	212	24	cluster	cluster	NOUN
issue-1803	212	25	.	.	PUNCT
issue-1803	213	1	the	the	DET
issue-1803	213	2	most	most	ADV
issue-1803	213	3	effective	effective	ADJ
issue-1803	213	4	stocks	stock	NOUN
issue-1803	213	5	are	be	AUX
issue-1803	213	6	those	those	PRON
issue-1803	213	7	of	of	ADP
issue-1803	213	8	multinational	multinational	ADJ
issue-1803	213	9	corporations	corporation	NOUN
issue-1803	213	10	,	,	PUNCT
issue-1803	213	11	located	locate	VERB
issue-1803	213	12	,	,	PUNCT
issue-1803	213	13	in	in	ADP
issue-1803	213	14	addition	addition	NOUN
issue-1803	213	15	,	,	PUNCT
issue-1803	213	16	in	in	ADP
issue-1803	213	17	the	the	DET
issue-1803	213	18	united	united	PROPN
issue-1803	213	19	states	states	PROPN
issue-1803	213	20	,	,	PUNCT
issue-1803	213	21	germany	germany	PROPN
issue-1803	213	22	,	,	PUNCT
issue-1803	213	23	and	and	CCONJ
issue-1803	213	24	japan	japan	PROPN
issue-1803	213	25	.	.	PUNCT
issue-1803	214	1	therefore	therefore	ADV
issue-1803	214	2	,	,	PUNCT
issue-1803	214	3	national	national	ADJ
issue-1803	214	4	investors	investor	NOUN
issue-1803	214	5	from	from	ADP
issue-1803	214	6	these	these	DET
issue-1803	214	7	markets	market	NOUN
issue-1803	214	8	have	have	VERB
issue-1803	214	9	no	no	DET
issue-1803	214	10	incentives	incentive	NOUN
issue-1803	214	11	to	to	PART
issue-1803	214	12	diversify	diversify	VERB
issue-1803	214	13	internationally	internationally	ADV
issue-1803	214	14	.	.	PUNCT
issue-1803	215	1	at	at	ADP
issue-1803	215	2	the	the	DET
issue-1803	215	3	same	same	ADJ
issue-1803	215	4	time	time	NOUN
issue-1803	215	5	,	,	PUNCT
issue-1803	215	6	there	there	PRON
issue-1803	215	7	is	be	VERB
issue-1803	215	8	a	a	DET
issue-1803	215	9	third	third	ADJ
issue-1803	215	10	cluster	cluster	NOUN
issue-1803	215	11	,	,	PUNCT
issue-1803	215	12	which	which	PRON
issue-1803	215	13	unites	unite	VERB
issue-1803	215	14	developed	developed	ADJ
issue-1803	215	15	markets	market	NOUN
issue-1803	215	16	and	and	CCONJ
issue-1803	215	17	has	have	VERB
issue-1803	215	18	the	the	DET
issue-1803	215	19	highest	high	ADJ
issue-1803	215	20	level	level	NOUN
issue-1803	215	21	of	of	ADP
issue-1803	215	22	international	international	ADJ
issue-1803	215	23	diversification	diversification	NOUN
issue-1803	215	24	.	.	PUNCT
issue-1803	216	1	the	the	DET
issue-1803	216	2	dynamics	dynamic	NOUN
issue-1803	216	3	of	of	ADP
issue-1803	216	4	this	this	DET
issue-1803	216	5	cluster	cluster	NOUN
issue-1803	216	6	can	can	AUX
issue-1803	216	7	be	be	AUX
issue-1803	216	8	explained	explain	VERB
issue-1803	216	9	by	by	ADP
issue-1803	216	10	two	two	NUM
issue-1803	216	11	reasons	reason	NOUN
issue-1803	216	12	.	.	PUNCT
issue-1803	217	1	ireland	ireland	PROPN
issue-1803	217	2	and	and	CCONJ
issue-1803	217	3	the	the	DET
issue-1803	217	4	netherlands	netherlands	PROPN
issue-1803	217	5	are	be	AUX
issue-1803	217	6	wellknown	wellknown	ADJ
issue-1803	217	7	global	global	ADJ
issue-1803	217	8	financial	financial	ADJ
issue-1803	217	9	centers	center	NOUN
issue-1803	217	10	and	and	CCONJ
issue-1803	217	11	are	be	AUX
issue-1803	217	12	known	know	VERB
issue-1803	217	13	for	for	ADP
issue-1803	217	14	their	their	PRON
issue-1803	217	15	excellent	excellent	ADJ
issue-1803	217	16	offshore	offshore	ADJ
issue-1803	217	17	financial	financial	ADJ
issue-1803	217	18	services	service	NOUN
issue-1803	217	19	.	.	PUNCT
issue-1803	218	1	offshore	offshore	ADJ
issue-1803	218	2	investment	investment	NOUN
issue-1803	218	3	funds	fund	NOUN
issue-1803	218	4	provide	provide	VERB
issue-1803	218	5	a	a	DET
issue-1803	218	6	very	very	ADV
issue-1803	218	7	high	high	ADJ
issue-1803	218	8	level	level	NOUN
issue-1803	218	9	of	of	ADP
issue-1803	218	10	international	international	ADJ
issue-1803	218	11	diversification	diversification	NOUN
issue-1803	218	12	due	due	ADP
issue-1803	218	13	to	to	ADP
issue-1803	218	14	the	the	DET
issue-1803	218	15	nature	nature	NOUN
issue-1803	218	16	of	of	ADP
issue-1803	218	17	offshore	offshore	ADJ
issue-1803	218	18	financial	financial	ADJ
issue-1803	218	19	centers	center	NOUN
issue-1803	218	20	.	.	PUNCT
issue-1803	219	1	norway	norway	PROPN
issue-1803	219	2	and	and	CCONJ
issue-1803	219	3	austria	austria	PROPN
issue-1803	219	4	have	have	VERB
issue-1803	219	5	a	a	DET
issue-1803	219	6	high	high	ADJ
issue-1803	219	7	level	level	NOUN
issue-1803	219	8	of	of	ADP
issue-1803	219	9	international	international	ADJ
issue-1803	219	10	diversification	diversification	NOUN
issue-1803	219	11	because	because	SCONJ
issue-1803	219	12	their	their	PRON
issue-1803	219	13	domestic	domestic	ADJ
issue-1803	219	14	stock	stock	NOUN
issue-1803	219	15	markets	market	NOUN
issue-1803	219	16	do	do	AUX
issue-1803	219	17	not	not	PART
issue-1803	219	18	offer	offer	VERB
issue-1803	219	19	the	the	DET
issue-1803	219	20	full	full	ADJ
issue-1803	219	21	range	range	NOUN
issue-1803	219	22	of	of	ADP
issue-1803	219	23	investment	investment	NOUN
issue-1803	219	24	opportunities	opportunity	NOUN
issue-1803	219	25	due	due	ADP
issue-1803	219	26	to	to	ADP
issue-1803	219	27	the	the	DET
issue-1803	219	28	limited	limited	ADJ
issue-1803	219	29	presence	presence	NOUN
issue-1803	219	30	of	of	ADP
issue-1803	219	31	multinational	multinational	ADJ
issue-1803	219	32	companies	company	NOUN
issue-1803	219	33	.	.	PUNCT
issue-1803	220	1	it	it	PRON
issue-1803	220	2	can	can	AUX
issue-1803	220	3	also	also	ADV
issue-1803	220	4	be	be	AUX
issue-1803	220	5	concluded	conclude	VERB
issue-1803	220	6	that	that	SCONJ
issue-1803	220	7	a	a	DET
issue-1803	220	8	low	low	ADJ
issue-1803	220	9	level	level	NOUN
issue-1803	220	10	of	of	ADP
issue-1803	220	11	international	international	ADJ
issue-1803	220	12	diversification	diversification	NOUN
issue-1803	220	13	(	(	PUNCT
issue-1803	220	14	i.e.	i.e.	X
issue-1803	220	15	,	,	PUNCT
issue-1803	220	16	less	less	ADJ
issue-1803	220	17	than	than	ADP
issue-1803	220	18	5	5	NUM
issue-1803	220	19	%	%	NOUN
issue-1803	220	20	)	)	PUNCT
issue-1803	220	21	is	be	AUX
issue-1803	220	22	usually	usually	ADV
issue-1803	220	23	accompanied	accompany	VERB
issue-1803	220	24	by	by	ADP
issue-1803	220	25	lower	low	ADJ
issue-1803	220	26	returns	return	NOUN
issue-1803	220	27	and	and	CCONJ
issue-1803	220	28	higher	high	ADJ
issue-1803	220	29	market	market	NOUN
issue-1803	220	30	portfolio	portfolio	NOUN
issue-1803	220	31	risk	risk	NOUN
issue-1803	220	32	.	.	PUNCT
issue-1803	221	1	it	it	PRON
issue-1803	221	2	should	should	AUX
issue-1803	221	3	also	also	ADV
issue-1803	221	4	be	be	AUX
issue-1803	221	5	noted	note	VERB
issue-1803	221	6	that	that	SCONJ
issue-1803	221	7	despite	despite	SCONJ
issue-1803	221	8	the	the	DET
issue-1803	221	9	lower	low	ADJ
issue-1803	221	10	level	level	NOUN
issue-1803	221	11	of	of	ADP
issue-1803	221	12	the	the	DET
issue-1803	221	13	silhouette	silhouette	NOUN
issue-1803	221	14	index	index	NOUN
issue-1803	221	15	compared	compare	VERB
issue-1803	221	16	to	to	ADP
issue-1803	221	17	the	the	DET
issue-1803	221	18	2	2	NUM
issue-1803	221	19	-	-	PUNCT
issue-1803	221	20	cluster	cluster	NOUN
issue-1803	221	21	model	model	NOUN
issue-1803	221	22	,	,	PUNCT
issue-1803	221	23	the	the	DET
issue-1803	221	24	4	4	NUM
issue-1803	221	25	-	-	PUNCT
issue-1803	221	26	cluster	cluster	NOUN
issue-1803	221	27	model	model	NOUN
issue-1803	221	28	leads	lead	VERB
issue-1803	221	29	the	the	DET
issue-1803	221	30	study	study	NOUN
issue-1803	221	31	to	to	ADP
issue-1803	221	32	more	more	ADV
issue-1803	221	33	complex	complex	ADJ
issue-1803	221	34	results	result	NOUN
issue-1803	221	35	.	.	PUNCT
issue-1803	222	1	the	the	DET
issue-1803	222	2	five	five	NUM
issue-1803	222	3	-	-	PUNCT
issue-1803	222	4	cluster	cluster	NOUN
issue-1803	222	5	model	model	NOUN
issue-1803	222	6	divides	divide	VERB
issue-1803	222	7	markets	market	NOUN
issue-1803	222	8	into	into	ADP
issue-1803	222	9	five	five	NUM
issue-1803	222	10	clusters	cluster	NOUN
issue-1803	222	11	.	.	PUNCT
issue-1803	223	1	the	the	DET
issue-1803	223	2	first	first	ADJ
issue-1803	223	3	cluster	cluster	NOUN
issue-1803	223	4	includes	include	VERB
issue-1803	223	5	7	7	NUM
issue-1803	223	6	markets	market	NOUN
issue-1803	223	7	:	:	PUNCT
issue-1803	223	8	uk	uk	PROPN
issue-1803	223	9	,	,	PUNCT
issue-1803	223	10	italy	italy	PROPN
issue-1803	223	11	,	,	PUNCT
issue-1803	223	12	denmark	denmark	PROPN
issue-1803	223	13	,	,	PUNCT
issue-1803	223	14	belgium	belgium	PROPN
issue-1803	223	15	,	,	PUNCT
issue-1803	223	16	sweden	sweden	PROPN
issue-1803	223	17	,	,	PUNCT
issue-1803	223	18	switzerland	switzerland	PROPN
issue-1803	223	19	and	and	CCONJ
issue-1803	223	20	canada	canada	PROPN
issue-1803	223	21	,	,	PUNCT
issue-1803	223	22	which	which	PRON
issue-1803	223	23	is	be	AUX
issue-1803	223	24	the	the	DET
issue-1803	223	25	central	central	ADJ
issue-1803	223	26	object	object	NOUN
issue-1803	223	27	of	of	ADP
issue-1803	223	28	the	the	DET
issue-1803	223	29	cluster	cluster	NOUN
issue-1803	223	30	.	.	PUNCT
issue-1803	224	1	the	the	DET
issue-1803	224	2	table	table	NOUN
issue-1803	224	3	2	2	NUM
issue-1803	224	4	statistics	statistic	NOUN
issue-1803	224	5	for	for	ADP
issue-1803	224	6	centroids	centroid	NOUN
issue-1803	224	7	of	of	ADP
issue-1803	224	8	clusters	cluster	NOUN
issue-1803	224	9	of	of	ADP
issue-1803	224	10	the	the	DET
issue-1803	224	11	two	two	NUM
issue-1803	224	12	-	-	PUNCT
issue-1803	224	13	cluster	cluster	NOUN
issue-1803	224	14	model	model	NOUN
issue-1803	224	15	cluster	cluster	NOUN
issue-1803	224	16	return	return	NOUN
issue-1803	224	17	,	,	PUNCT
issue-1803	224	18	%	%	INTJ
issue-1803	224	19	risk	risk	NOUN
issue-1803	224	20	,	,	PUNCT
issue-1803	224	21	%	%	NOUN
issue-1803	224	22	level	level	NOUN
issue-1803	224	23	of	of	ADP
issue-1803	224	24	international	international	ADJ
issue-1803	224	25	diversification	diversification	NOUN
issue-1803	224	26	,	,	PUNCT
issue-1803	224	27	%	%	INTJ
issue-1803	224	28	sum	sum	NOUN
issue-1803	224	29	of	of	ADP
issue-1803	224	30	weights	weight	NOUN
issue-1803	224	31	within	within	ADP
issue-1803	224	32	-	-	PUNCT
issue-1803	224	33	cluster	cluster	NOUN
issue-1803	224	34	variance	variance	NOUN
issue-1803	224	35	1	1	NUM
issue-1803	224	36	0.47	0.47	NUM
issue-1803	224	37	5.87	5.87	NUM
issue-1803	224	38	46.20	46.20	NUM
issue-1803	224	39	14	14	NUM
issue-1803	224	40	137.41	137.41	NUM
issue-1803	224	41	2	2	NUM
issue-1803	224	42	0.05	0.05	NUM
issue-1803	224	43	7.65	7.65	NUM
issue-1803	224	44	7.72	7.72	NUM
issue-1803	224	45	16	16	NUM
issue-1803	224	46	66.45	66.45	NUM
issue-1803	224	47	notes	note	NOUN
issue-1803	224	48	:	:	PUNCT
issue-1803	224	49	1	1	X
issue-1803	224	50	.	.	NUM
issue-1803	224	51	figures	figure	NOUN
issue-1803	224	52	calculated	calculate	VERB
issue-1803	224	53	by	by	ADP
issue-1803	224	54	the	the	DET
issue-1803	224	55	authors	author	NOUN
issue-1803	224	56	using	use	VERB
issue-1803	224	57	data	datum	NOUN
issue-1803	224	58	from	from	ADP
issue-1803	224	59	the	the	DET
issue-1803	224	60	msci	msci	PROPN
issue-1803	224	61	indices	index	NOUN
issue-1803	224	62	(	(	PUNCT
issue-1803	224	63	msci	msci	NOUN
issue-1803	224	64	,	,	PUNCT
issue-1803	224	65	2022	2022	NUM
issue-1803	224	66	)	)	PUNCT
issue-1803	224	67	.	.	PUNCT
issue-1803	225	1	table	table	NOUN
issue-1803	225	2	3	3	NUM
issue-1803	225	3	descriptive	descriptive	ADJ
issue-1803	225	4	results	result	NOUN
issue-1803	225	5	for	for	ADP
issue-1803	225	6	the	the	DET
issue-1803	225	7	two	two	NUM
issue-1803	225	8	-	-	PUNCT
issue-1803	225	9	cluster	cluster	NOUN
issue-1803	225	10	model	model	NOUN
issue-1803	225	11	cluster	cluster	NOUN
issue-1803	225	12	1	1	NUM
issue-1803	225	13	2	2	NUM
issue-1803	225	14	number	number	NOUN
issue-1803	225	15	of	of	ADP
issue-1803	225	16	objects	object	NOUN
issue-1803	225	17	by	by	ADP
issue-1803	225	18	cluster	cluster	NOUN
issue-1803	225	19	14	14	NUM
issue-1803	225	20	uk	uk	PROPN
issue-1803	225	21	,	,	PUNCT
issue-1803	225	22	france	france	PROPN
issue-1803	225	23	,	,	PUNCT
issue-1803	225	24	germany	germany	PROPN
issue-1803	225	25	,	,	PUNCT
issue-1803	225	26	usa	usa	PROPN
issue-1803	225	27	,	,	PUNCT
issue-1803	225	28	norway	norway	PROPN
issue-1803	225	29	,	,	PUNCT
issue-1803	225	30	canada	canada	PROPN
issue-1803	225	31	,	,	PUNCT
issue-1803	225	32	ireland	ireland	PROPN
issue-1803	225	33	,	,	PUNCT
issue-1803	225	34	italy	italy	PROPN
issue-1803	225	35	,	,	PUNCT
issue-1803	225	36	netherlands	netherlands	PROPN
issue-1803	225	37	,	,	PUNCT
issue-1803	225	38	austria	austria	PROPN
issue-1803	225	39	,	,	PUNCT
issue-1803	225	40	denmark	denmark	PROPN
issue-1803	225	41	,	,	PUNCT
issue-1803	225	42	belgium	belgium	PROPN
issue-1803	225	43	,	,	PUNCT
issue-1803	225	44	sweden	sweden	PROPN
issue-1803	225	45	,	,	PUNCT
issue-1803	225	46	switzerland	switzerland	PROPN
issue-1803	225	47	16	16	NUM
issue-1803	225	48	japan	japan	PROPN
issue-1803	225	49	,	,	PUNCT
issue-1803	225	50	hong	hong	PROPN
issue-1803	225	51	kong	kong	PROPN
issue-1803	225	52	,	,	PUNCT
issue-1803	225	53	spain	spain	PROPN
issue-1803	225	54	,	,	PUNCT
issue-1803	225	55	thailand	thailand	PROPN
issue-1803	225	56	,	,	PUNCT
issue-1803	225	57	turkey	turkey	PROPN
issue-1803	225	58	,	,	PUNCT
issue-1803	225	59	poland	poland	PROPN
issue-1803	225	60	,	,	PUNCT
issue-1803	225	61	indonesia	indonesia	PROPN
issue-1803	225	62	,	,	PUNCT
issue-1803	225	63	korea	korea	PROPN
issue-1803	225	64	,	,	PUNCT
issue-1803	225	65	india	india	PROPN
issue-1803	225	66	,	,	PUNCT
issue-1803	225	67	argentina	argentina	PROPN
issue-1803	225	68	,	,	PUNCT
issue-1803	225	69	egypt	egypt	PROPN
issue-1803	225	70	,	,	PUNCT
issue-1803	225	71	brazil	brazil	PROPN
issue-1803	225	72	,	,	PUNCT
issue-1803	225	73	greece	greece	PROPN
issue-1803	225	74	,	,	PUNCT
issue-1803	225	75	hungary	hungary	PROPN
issue-1803	225	76	,	,	PUNCT
issue-1803	225	77	mexico	mexico	PROPN
issue-1803	225	78	,	,	PUNCT
issue-1803	225	79	malaysia	malaysia	PROPN
issue-1803	225	80	intra	intra	ADJ
issue-1803	225	81	-	-	ADJ
issue-1803	225	82	cluster	cluster	ADJ
issue-1803	225	83	dispersion	dispersion	NOUN
issue-1803	225	84	137.41	137.41	NUM
issue-1803	225	85	66.45	66.45	NUM
issue-1803	225	86	minimum	minimum	NOUN
issue-1803	225	87	distance	distance	NOUN
issue-1803	225	88	to	to	ADP
issue-1803	225	89	the	the	DET
issue-1803	225	90	centroid	centroid	NOUN
issue-1803	225	91	1.45	1.45	NUM
issue-1803	225	92	1.14	1.14	NUM
issue-1803	225	93	average	average	ADJ
issue-1803	225	94	distance	distance	NOUN
issue-1803	225	95	to	to	ADP
issue-1803	225	96	the	the	DET
issue-1803	225	97	centroid	centroid	NOUN
issue-1803	225	98	8.93	8.93	NUM
issue-1803	225	99	7.08	7.08	NUM
issue-1803	225	100	maximum	maximum	ADJ
issue-1803	225	101	distance	distance	NOUN
issue-1803	225	102	the	the	PRON
issue-1803	225	103	to	to	PART
issue-1803	225	104	centroid	centroid	VERB
issue-1803	225	105	20.33	20.33	NUM
issue-1803	225	106	14.94	14.94	NUM
issue-1803	225	107	central	central	ADJ
issue-1803	225	108	object	object	NOUN
issue-1803	225	109	italy	italy	PROPN
issue-1803	225	110	korea	korea	PROPN
issue-1803	225	111	notes	note	VERB
issue-1803	225	112	:	:	PUNCT
issue-1803	225	113	1	1	X
issue-1803	225	114	.	.	NUM
issue-1803	225	115	figures	figure	NOUN
issue-1803	225	116	calculated	calculate	VERB
issue-1803	225	117	by	by	ADP
issue-1803	225	118	the	the	DET
issue-1803	225	119	authors	author	NOUN
issue-1803	225	120	using	use	VERB
issue-1803	225	121	data	datum	NOUN
issue-1803	225	122	from	from	ADP
issue-1803	225	123	the	the	DET
issue-1803	225	124	msci	msci	PROPN
issue-1803	225	125	indices	index	NOUN
issue-1803	225	126	(	(	PUNCT
issue-1803	225	127	msci	msci	NOUN
issue-1803	225	128	,	,	PUNCT
issue-1803	225	129	2022	2022	NUM
issue-1803	225	130	)	)	PUNCT
issue-1803	225	131	.	.	PUNCT
issue-1803	226	1	table	table	NOUN
issue-1803	226	2	4	4	NUM
issue-1803	226	3	statistics	statistic	NOUN
issue-1803	226	4	for	for	ADP
issue-1803	226	5	cluster	cluster	NOUN
issue-1803	226	6	centroids	centroid	NOUN
issue-1803	226	7	of	of	ADP
issue-1803	226	8	the	the	DET
issue-1803	226	9	four	four	NUM
issue-1803	226	10	-	-	PUNCT
issue-1803	226	11	cluster	cluster	NOUN
issue-1803	226	12	model	model	NOUN
issue-1803	226	13	cluster	cluster	NOUN
issue-1803	226	14	return	return	NOUN
issue-1803	226	15	,	,	PUNCT
issue-1803	226	16	%	%	INTJ
issue-1803	226	17	risk	risk	NOUN
issue-1803	226	18	,	,	PUNCT
issue-1803	226	19	%	%	NOUN
issue-1803	226	20	level	level	NOUN
issue-1803	226	21	of	of	ADP
issue-1803	226	22	international	international	ADJ
issue-1803	226	23	diversification	diversification	NOUN
issue-1803	226	24	,	,	PUNCT
issue-1803	226	25	%	%	INTJ
issue-1803	226	26	sum	sum	NOUN
issue-1803	226	27	of	of	ADP
issue-1803	226	28	weights	weight	NOUN
issue-1803	226	29	within	within	ADP
issue-1803	226	30	-	-	PUNCT
issue-1803	226	31	cluster	cluster	NOUN
issue-1803	226	32	variance	variance	NOUN
issue-1803	226	33	1	1	NUM
issue-1803	226	34	0.46	0.46	NUM
issue-1803	226	35	5.56	5.56	NUM
issue-1803	226	36	43.00	43.00	NUM
issue-1803	226	37	8	8	NUM
issue-1803	226	38	18.02	18.02	NUM
issue-1803	226	39	2	2	NUM
issue-1803	226	40	0.24	0.24	NUM
issue-1803	226	41	5.87	5.87	NUM
issue-1803	226	42	22.43	22.43	NUM
issue-1803	226	43	6	6	NUM
issue-1803	226	44	39.70	39.70	NUM
issue-1803	226	45	3	3	NUM
issue-1803	226	46	0.45	0.45	NUM
issue-1803	226	47	6.67	6.67	NUM
issue-1803	226	48	61.07	61.07	NUM
issue-1803	226	49	4	4	NUM
issue-1803	226	50	38.51	38.51	NUM
issue-1803	226	51	4	4	NUM
issue-1803	226	52	0.03	0.03	NUM
issue-1803	226	53	8.18	8.18	NUM
issue-1803	226	54	3.96	3.96	NUM
issue-1803	226	55	12	12	NUM
issue-1803	226	56	23.18	23.18	NUM
issue-1803	226	57	notes	note	NOUN
issue-1803	226	58	:	:	PUNCT
issue-1803	226	59	1	1	X
issue-1803	226	60	.	.	NUM
issue-1803	226	61	figures	figure	NOUN
issue-1803	226	62	calculated	calculate	VERB
issue-1803	226	63	by	by	ADP
issue-1803	226	64	the	the	DET
issue-1803	226	65	authors	author	NOUN
issue-1803	226	66	using	use	VERB
issue-1803	226	67	data	datum	NOUN
issue-1803	226	68	from	from	ADP
issue-1803	226	69	the	the	DET
issue-1803	226	70	msci	msci	PROPN
issue-1803	226	71	indices	index	NOUN
issue-1803	226	72	(	(	PUNCT
issue-1803	226	73	msci	msci	NOUN
issue-1803	226	74	,	,	PUNCT
issue-1803	226	75	2022	2022	NUM
issue-1803	226	76	)	)	PUNCT
issue-1803	226	77	.	.	PUNCT
issue-1803	227	1	baltic	baltic	PROPN
issue-1803	227	2	journal	journal	PROPN
issue-1803	227	3	of	of	ADP
issue-1803	227	4	economic	economic	ADJ
issue-1803	227	5	studies	study	NOUN
issue-1803	227	6	60	60	NUM
issue-1803	227	7	vol	vol	NOUN
issue-1803	227	8	.	.	NOUN
issue-1803	227	9	8	8	NUM
issue-1803	228	1	no	no	NOUN
issue-1803	228	2	.	.	NOUN
issue-1803	229	1	3	3	NUM
issue-1803	229	2	,	,	PUNCT
issue-1803	229	3	2022	2022	NUM
issue-1803	229	4	second	second	ADJ
issue-1803	229	5	cluster	cluster	NOUN
issue-1803	229	6	includes	include	VERB
issue-1803	229	7	5	5	NUM
issue-1803	229	8	markets	market	NOUN
issue-1803	229	9	:	:	PUNCT
issue-1803	229	10	france	france	PROPN
issue-1803	229	11	,	,	PUNCT
issue-1803	229	12	germany	germany	PROPN
issue-1803	229	13	,	,	PUNCT
issue-1803	229	14	japan	japan	PROPN
issue-1803	229	15	,	,	PUNCT
issue-1803	229	16	hong	hong	PROPN
issue-1803	229	17	kong	kong	PROPN
issue-1803	229	18	and	and	CCONJ
issue-1803	229	19	the	the	DET
issue-1803	229	20	united	united	PROPN
issue-1803	229	21	states	states	PROPN
issue-1803	229	22	,	,	PUNCT
issue-1803	229	23	which	which	PRON
issue-1803	229	24	is	be	AUX
issue-1803	229	25	the	the	DET
issue-1803	229	26	central	central	ADJ
issue-1803	229	27	object	object	NOUN
issue-1803	229	28	of	of	ADP
issue-1803	229	29	the	the	DET
issue-1803	229	30	cluster	cluster	NOUN
issue-1803	229	31	.	.	PUNCT
issue-1803	230	1	the	the	DET
issue-1803	230	2	third	third	ADJ
issue-1803	230	3	cluster	cluster	NOUN
issue-1803	230	4	consists	consist	VERB
issue-1803	230	5	of	of	ADP
issue-1803	230	6	4	4	NUM
issue-1803	230	7	markets	market	NOUN
issue-1803	230	8	,	,	PUNCT
issue-1803	230	9	including	include	VERB
issue-1803	230	10	norway	norway	PROPN
issue-1803	230	11	,	,	PUNCT
issue-1803	230	12	ireland	ireland	PROPN
issue-1803	230	13	,	,	PUNCT
issue-1803	230	14	and	and	CCONJ
issue-1803	230	15	the	the	DET
issue-1803	230	16	netherlands	netherlands	PROPN
issue-1803	230	17	,	,	PUNCT
issue-1803	230	18	and	and	CCONJ
issue-1803	230	19	the	the	DET
issue-1803	230	20	central	central	ADJ
issue-1803	230	21	object	object	NOUN
issue-1803	230	22	of	of	ADP
issue-1803	230	23	the	the	DET
issue-1803	230	24	group	group	NOUN
issue-1803	230	25	is	be	AUX
issue-1803	230	26	austria	austria	PROPN
issue-1803	230	27	.	.	PUNCT
issue-1803	231	1	it	it	PRON
issue-1803	231	2	should	should	AUX
issue-1803	231	3	be	be	AUX
issue-1803	231	4	noted	note	VERB
issue-1803	231	5	that	that	SCONJ
issue-1803	231	6	the	the	DET
issue-1803	231	7	third	third	ADJ
issue-1803	231	8	cluster	cluster	NOUN
issue-1803	231	9	fully	fully	ADV
issue-1803	231	10	coincides	coincide	VERB
issue-1803	231	11	with	with	ADP
issue-1803	231	12	the	the	DET
issue-1803	231	13	third	third	ADJ
issue-1803	231	14	cluster	cluster	NOUN
issue-1803	231	15	in	in	ADP
issue-1803	231	16	the	the	DET
issue-1803	231	17	4	4	NUM
issue-1803	231	18	-	-	PUNCT
issue-1803	231	19	cluster	cluster	NOUN
issue-1803	231	20	model	model	NOUN
issue-1803	231	21	.	.	PUNCT
issue-1803	232	1	the	the	DET
issue-1803	232	2	fourth	fourth	ADJ
issue-1803	232	3	cluster	cluster	NOUN
issue-1803	232	4	combines	combine	VERB
issue-1803	232	5	spain	spain	PROPN
issue-1803	232	6	,	,	PUNCT
issue-1803	232	7	argentina	argentina	PROPN
issue-1803	232	8	,	,	PUNCT
issue-1803	232	9	greece	greece	PROPN
issue-1803	232	10	and	and	CCONJ
issue-1803	232	11	hungary	hungary	PROPN
issue-1803	232	12	,	,	PUNCT
issue-1803	232	13	with	with	ADP
issue-1803	232	14	spain	spain	PROPN
issue-1803	232	15	as	as	ADP
issue-1803	232	16	the	the	DET
issue-1803	232	17	central	central	ADJ
issue-1803	232	18	object	object	NOUN
issue-1803	232	19	of	of	ADP
issue-1803	232	20	the	the	DET
issue-1803	232	21	cluster	cluster	NOUN
issue-1803	232	22	.	.	PUNCT
issue-1803	233	1	the	the	DET
issue-1803	233	2	fifth	fifth	ADJ
issue-1803	233	3	cluster	cluster	NOUN
issue-1803	233	4	includes	include	VERB
issue-1803	233	5	10	10	NUM
issue-1803	233	6	markets	market	NOUN
issue-1803	233	7	:	:	PUNCT
issue-1803	233	8	thailand	thailand	PROPN
issue-1803	233	9	,	,	PUNCT
issue-1803	233	10	turkey	turkey	PROPN
issue-1803	233	11	,	,	PUNCT
issue-1803	233	12	poland	poland	PROPN
issue-1803	233	13	,	,	PUNCT
issue-1803	233	14	indonesia	indonesia	PROPN
issue-1803	233	15	,	,	PUNCT
issue-1803	233	16	korea	korea	PROPN
issue-1803	233	17	,	,	PUNCT
issue-1803	233	18	india	india	PROPN
issue-1803	233	19	,	,	PUNCT
issue-1803	233	20	egypt	egypt	PROPN
issue-1803	233	21	,	,	PUNCT
issue-1803	233	22	brazil	brazil	PROPN
issue-1803	233	23	,	,	PUNCT
issue-1803	233	24	malaysia	malaysia	PROPN
issue-1803	233	25	and	and	CCONJ
issue-1803	233	26	mexico	mexico	PROPN
issue-1803	233	27	–	–	PUNCT
issue-1803	233	28	the	the	DET
issue-1803	233	29	central	central	ADJ
issue-1803	233	30	site	site	NOUN
issue-1803	233	31	.	.	PUNCT
issue-1803	234	1	the	the	DET
issue-1803	234	2	first	first	ADJ
issue-1803	234	3	cluster	cluster	NOUN
issue-1803	234	4	has	have	VERB
issue-1803	234	5	the	the	DET
issue-1803	234	6	highest	high	ADJ
issue-1803	234	7	rate	rate	NOUN
issue-1803	234	8	of	of	ADP
issue-1803	234	9	return	return	NOUN
issue-1803	234	10	.	.	PUNCT
issue-1803	235	1	however	however	ADV
issue-1803	235	2	,	,	PUNCT
issue-1803	235	3	the	the	DET
issue-1803	235	4	second	second	ADJ
issue-1803	235	5	cluster	cluster	NOUN
issue-1803	235	6	has	have	VERB
issue-1803	235	7	the	the	DET
issue-1803	235	8	lowest	low	ADJ
issue-1803	235	9	risk	risk	NOUN
issue-1803	235	10	,	,	PUNCT
issue-1803	235	11	and	and	CCONJ
issue-1803	235	12	the	the	DET
issue-1803	235	13	third	third	ADJ
issue-1803	235	14	cluster	cluster	NOUN
issue-1803	235	15	has	have	VERB
issue-1803	235	16	the	the	DET
issue-1803	235	17	highest	high	ADJ
issue-1803	235	18	level	level	NOUN
issue-1803	235	19	of	of	ADP
issue-1803	235	20	international	international	ADJ
issue-1803	235	21	diversification	diversification	NOUN
issue-1803	235	22	.	.	PUNCT
issue-1803	236	1	moreover	moreover	ADV
issue-1803	236	2	,	,	PUNCT
issue-1803	236	3	the	the	DET
issue-1803	236	4	fourth	fourth	ADJ
issue-1803	236	5	and	and	CCONJ
issue-1803	236	6	fifth	fifth	ADJ
issue-1803	236	7	clusters	cluster	NOUN
issue-1803	236	8	have	have	VERB
issue-1803	236	9	the	the	DET
issue-1803	236	10	lowest	low	ADJ
issue-1803	236	11	rates	rate	NOUN
issue-1803	236	12	of	of	ADP
issue-1803	236	13	return	return	NOUN
issue-1803	236	14	and	and	CCONJ
issue-1803	236	15	the	the	DET
issue-1803	236	16	highest	high	ADJ
issue-1803	236	17	rates	rate	NOUN
issue-1803	236	18	of	of	ADP
issue-1803	236	19	risk	risk	NOUN
issue-1803	236	20	with	with	ADP
issue-1803	236	21	the	the	DET
issue-1803	236	22	lowest	low	ADJ
issue-1803	236	23	levels	level	NOUN
issue-1803	236	24	of	of	ADP
issue-1803	236	25	international	international	ADJ
issue-1803	236	26	diversification	diversification	NOUN
issue-1803	236	27	.	.	PUNCT
issue-1803	237	1	the	the	DET
issue-1803	237	2	first	first	ADJ
issue-1803	237	3	cluster	cluster	NOUN
issue-1803	237	4	appears	appear	VERB
issue-1803	237	5	to	to	PART
issue-1803	237	6	be	be	AUX
issue-1803	237	7	the	the	DET
issue-1803	237	8	most	most	ADV
issue-1803	237	9	optimal	optimal	ADJ
issue-1803	237	10	in	in	ADP
issue-1803	237	11	terms	term	NOUN
issue-1803	237	12	of	of	ADP
issue-1803	237	13	the	the	DET
issue-1803	237	14	three	three	NUM
issue-1803	237	15	variables	variable	NOUN
issue-1803	237	16	.	.	PUNCT
issue-1803	238	1	the	the	DET
issue-1803	238	2	second	second	ADJ
issue-1803	238	3	cluster	cluster	NOUN
issue-1803	238	4	is	be	AUX
issue-1803	238	5	also	also	ADV
issue-1803	238	6	quite	quite	ADV
issue-1803	238	7	efficient	efficient	ADJ
issue-1803	238	8	in	in	ADP
issue-1803	238	9	terms	term	NOUN
issue-1803	238	10	of	of	ADP
issue-1803	238	11	risk	risk	NOUN
issue-1803	238	12	and	and	CCONJ
issue-1803	238	13	return	return	VERB
issue-1803	238	14	,	,	PUNCT
issue-1803	238	15	even	even	ADV
issue-1803	238	16	though	though	SCONJ
issue-1803	238	17	it	it	PRON
issue-1803	238	18	has	have	VERB
issue-1803	238	19	relatively	relatively	ADV
issue-1803	238	20	average	average	ADJ
issue-1803	238	21	levels	level	NOUN
issue-1803	238	22	of	of	ADP
issue-1803	238	23	international	international	ADJ
issue-1803	238	24	diversification	diversification	NOUN
issue-1803	238	25	.	.	PUNCT
issue-1803	239	1	the	the	DET
issue-1803	239	2	third	third	ADJ
issue-1803	239	3	cluster	cluster	NOUN
issue-1803	239	4	has	have	VERB
issue-1803	239	5	the	the	DET
issue-1803	239	6	highest	high	ADJ
issue-1803	239	7	level	level	NOUN
issue-1803	239	8	of	of	ADP
issue-1803	239	9	international	international	ADJ
issue-1803	239	10	diversification	diversification	NOUN
issue-1803	239	11	,	,	PUNCT
issue-1803	239	12	but	but	CCONJ
issue-1803	239	13	,	,	PUNCT
issue-1803	239	14	as	as	ADP
issue-1803	239	15	in	in	ADP
issue-1803	239	16	the	the	DET
issue-1803	239	17	4	4	NUM
issue-1803	239	18	-	-	PUNCT
issue-1803	239	19	cluster	cluster	NOUN
issue-1803	239	20	model	model	NOUN
issue-1803	239	21	,	,	PUNCT
issue-1803	239	22	the	the	DET
issue-1803	239	23	level	level	NOUN
issue-1803	239	24	table	table	NOUN
issue-1803	239	25	5	5	NUM
issue-1803	239	26	descriptive	descriptive	ADJ
issue-1803	239	27	results	result	NOUN
issue-1803	239	28	of	of	ADP
issue-1803	239	29	the	the	DET
issue-1803	239	30	four	four	NUM
issue-1803	239	31	-	-	PUNCT
issue-1803	239	32	cluster	cluster	NOUN
issue-1803	239	33	model	model	NOUN
issue-1803	239	34	cluster	cluster	NOUN
issue-1803	239	35	1	1	NUM
issue-1803	239	36	2	2	NUM
issue-1803	239	37	3	3	NUM
issue-1803	239	38	4	4	NUM
issue-1803	239	39	number	number	NOUN
issue-1803	239	40	of	of	ADP
issue-1803	239	41	objects	object	NOUN
issue-1803	239	42	by	by	ADP
issue-1803	239	43	clusters	cluster	NOUN
issue-1803	239	44	8	8	NUM
issue-1803	239	45	6	6	NUM
issue-1803	239	46	4	4	NUM
issue-1803	239	47	12	12	NUM
issue-1803	239	48	intra	intra	ADJ
issue-1803	239	49	-	-	ADJ
issue-1803	239	50	cluster	cluster	ADJ
issue-1803	239	51	dispersion	dispersion	NOUN
issue-1803	239	52	18.02	18.02	NUM
issue-1803	239	53	39.7	39.7	NUM
issue-1803	239	54	38.51	38.51	NUM
issue-1803	239	55	23.18	23.18	NUM
issue-1803	239	56	minimum	minimum	NOUN
issue-1803	239	57	distance	distance	NOUN
issue-1803	239	58	to	to	ADP
issue-1803	239	59	the	the	DET
issue-1803	239	60	centroid	centroid	NOUN
issue-1803	239	61	0.70	0.70	NUM
issue-1803	239	62	0.98	0.98	NUM
issue-1803	239	63	4.38	4.38	NUM
issue-1803	239	64	0.86	0.86	NUM
issue-1803	239	65	average	average	ADJ
issue-1803	239	66	distance	distance	NOUN
issue-1803	239	67	to	to	ADP
issue-1803	239	68	the	the	DET
issue-1803	239	69	centroid	centroid	NOUN
issue-1803	239	70	2.81	2.81	NUM
issue-1803	239	71	5.08	5.08	NUM
issue-1803	239	72	5.32	5.32	NUM
issue-1803	239	73	3.91	3.91	NUM
issue-1803	239	74	maximum	maximum	ADJ
issue-1803	239	75	distance	distance	NOUN
issue-1803	239	76	to	to	ADP
issue-1803	239	77	the	the	DET
issue-1803	239	78	centroid	centroid	NOUN
issue-1803	239	79	9.18	9.18	NUM
issue-1803	239	80	8.21	8.21	NUM
issue-1803	239	81	6.43	6.43	NUM
issue-1803	239	82	11.10	11.10	NUM
issue-1803	239	83	markets	market	NOUN
issue-1803	239	84	uk	uk	PROPN
issue-1803	239	85	,	,	PUNCT
issue-1803	239	86	france	france	PROPN
issue-1803	239	87	,	,	PUNCT
issue-1803	239	88	canada	canada	PROPN
issue-1803	239	89	,	,	PUNCT
issue-1803	239	90	italy	italy	PROPN
issue-1803	239	91	,	,	PUNCT
issue-1803	239	92	denmark	denmark	PROPN
issue-1803	239	93	,	,	PUNCT
issue-1803	239	94	belgium	belgium	PROPN
issue-1803	239	95	,	,	PUNCT
issue-1803	239	96	sweden	sweden	PROPN
issue-1803	239	97	,	,	PUNCT
issue-1803	239	98	switzerland	switzerland	PROPN
issue-1803	239	99	germany	germany	PROPN
issue-1803	239	100	,	,	PUNCT
issue-1803	239	101	usa	usa	PROPN
issue-1803	239	102	,	,	PUNCT
issue-1803	239	103	japan	japan	PROPN
issue-1803	239	104	,	,	PUNCT
issue-1803	239	105	hong	hong	PROPN
issue-1803	239	106	kong	kong	PROPN
issue-1803	239	107	,	,	PUNCT
issue-1803	239	108	spain	spain	PROPN
issue-1803	239	109	,	,	PUNCT
issue-1803	239	110	hungary	hungary	PROPN
issue-1803	239	111	norway	norway	PROPN
issue-1803	239	112	,	,	PUNCT
issue-1803	239	113	ireland	ireland	PROPN
issue-1803	239	114	,	,	PUNCT
issue-1803	239	115	netherlands	netherlands	PROPN
issue-1803	239	116	,	,	PUNCT
issue-1803	239	117	austria	austria	PROPN
issue-1803	239	118	thailand	thailand	PROPN
issue-1803	239	119	,	,	PUNCT
issue-1803	239	120	turkey	turkey	PROPN
issue-1803	239	121	,	,	PUNCT
issue-1803	239	122	poland	poland	PROPN
issue-1803	239	123	,	,	PUNCT
issue-1803	239	124	indonesia	indonesia	PROPN
issue-1803	239	125	,	,	PUNCT
issue-1803	239	126	korea	korea	PROPN
issue-1803	239	127	,	,	PUNCT
issue-1803	239	128	india	india	PROPN
issue-1803	239	129	,	,	PUNCT
issue-1803	239	130	argentina	argentina	PROPN
issue-1803	239	131	,	,	PUNCT
issue-1803	239	132	egypt	egypt	PROPN
issue-1803	239	133	,	,	PUNCT
issue-1803	239	134	brazil	brazil	PROPN
issue-1803	239	135	,	,	PUNCT
issue-1803	239	136	greece	greece	PROPN
issue-1803	239	137	,	,	PUNCT
issue-1803	239	138	mexico	mexico	PROPN
issue-1803	239	139	,	,	PUNCT
issue-1803	239	140	malaysia	malaysia	PROPN
issue-1803	239	141	central	central	ADJ
issue-1803	239	142	object	object	NOUN
issue-1803	239	143	sweden	sweden	PROPN
issue-1803	239	144	hong	hong	PROPN
issue-1803	239	145	kong	kong	PROPN
issue-1803	239	146	austria	austria	PROPN
issue-1803	239	147	poland	poland	PROPN
issue-1803	239	148	notes	note	VERB
issue-1803	239	149	:	:	PUNCT
issue-1803	239	150	1	1	X
issue-1803	239	151	.	.	NUM
issue-1803	239	152	figures	figure	NOUN
issue-1803	239	153	calculated	calculate	VERB
issue-1803	239	154	by	by	ADP
issue-1803	239	155	the	the	DET
issue-1803	239	156	authors	author	NOUN
issue-1803	239	157	using	use	VERB
issue-1803	239	158	data	datum	NOUN
issue-1803	239	159	from	from	ADP
issue-1803	239	160	the	the	DET
issue-1803	239	161	msci	msci	PROPN
issue-1803	239	162	indices	index	NOUN
issue-1803	239	163	(	(	PUNCT
issue-1803	239	164	msci	msci	NOUN
issue-1803	239	165	,	,	PUNCT
issue-1803	239	166	2022	2022	NUM
issue-1803	239	167	)	)	PUNCT
issue-1803	239	168	.	.	PUNCT
issue-1803	240	1	table	table	NOUN
issue-1803	240	2	6	6	NUM
issue-1803	240	3	statistics	statistic	NOUN
issue-1803	240	4	for	for	ADP
issue-1803	240	5	cluster	cluster	NOUN
issue-1803	240	6	centroids	centroid	NOUN
issue-1803	240	7	of	of	ADP
issue-1803	240	8	the	the	DET
issue-1803	240	9	five	five	NUM
issue-1803	240	10	-	-	PUNCT
issue-1803	240	11	cluster	cluster	NOUN
issue-1803	240	12	model	model	NOUN
issue-1803	240	13	cluster	cluster	NOUN
issue-1803	240	14	return	return	NOUN
issue-1803	240	15	,	,	PUNCT
issue-1803	240	16	%	%	INTJ
issue-1803	240	17	risk	risk	NOUN
issue-1803	240	18	,	,	PUNCT
issue-1803	240	19	%	%	NOUN
issue-1803	240	20	level	level	NOUN
issue-1803	240	21	of	of	ADP
issue-1803	240	22	international	international	ADJ
issue-1803	240	23	diversification	diversification	NOUN
issue-1803	240	24	,	,	PUNCT
issue-1803	240	25	%	%	INTJ
issue-1803	240	26	sum	sum	NOUN
issue-1803	240	27	of	of	ADP
issue-1803	240	28	weights	weight	NOUN
issue-1803	240	29	intra	intra	ADJ
issue-1803	240	30	-	-	ADJ
issue-1803	240	31	cluster	cluster	ADJ
issue-1803	240	32	dispersion	dispersion	NOUN
issue-1803	240	33	1	1	NUM
issue-1803	240	34	0.46	0.46	NUM
issue-1803	240	35	5.52	5.52	NUM
issue-1803	240	36	44.31	44.31	NUM
issue-1803	240	37	7	7	NUM
issue-1803	240	38	4.97	4.97	NUM
issue-1803	240	39	2	2	NUM
issue-1803	240	40	0.42	0.42	NUM
issue-1803	240	41	5.15	5.15	NUM
issue-1803	240	42	27.24	27.24	NUM
issue-1803	240	43	5	5	NUM
issue-1803	240	44	29.13	29.13	NUM
issue-1803	240	45	3	3	NUM
issue-1803	240	46	0.45	0.45	NUM
issue-1803	240	47	6.67	6.67	NUM
issue-1803	240	48	61.07	61.07	NUM
issue-1803	240	49	4	4	NUM
issue-1803	240	50	38.51	38.51	NUM
issue-1803	240	51	4	4	NUM
issue-1803	240	52	-0.11	-0.11	NUM
issue-1803	240	53	9.61	9.61	NUM
issue-1803	240	54	13.79	13.79	NUM
issue-1803	240	55	4	4	NUM
issue-1803	240	56	20.76	20.76	NUM
issue-1803	240	57	5	5	NUM
issue-1803	240	58	0.07	0.07	NUM
issue-1803	240	59	7.50	7.50	NUM
issue-1803	240	60	2.46	2.46	NUM
issue-1803	240	61	10	10	NUM
issue-1803	240	62	8.06	8.06	NUM
issue-1803	240	63	notes	note	NOUN
issue-1803	240	64	:	:	PUNCT
issue-1803	241	1	1	1	X
issue-1803	241	2	.	.	NUM
issue-1803	241	3	figures	figure	NOUN
issue-1803	241	4	calculated	calculate	VERB
issue-1803	241	5	by	by	ADP
issue-1803	241	6	the	the	DET
issue-1803	241	7	authors	author	NOUN
issue-1803	241	8	using	use	VERB
issue-1803	241	9	data	datum	NOUN
issue-1803	241	10	from	from	ADP
issue-1803	241	11	the	the	DET
issue-1803	241	12	msci	msci	PROPN
issue-1803	241	13	indices	index	NOUN
issue-1803	241	14	(	(	PUNCT
issue-1803	241	15	msci	msci	NOUN
issue-1803	241	16	,	,	PUNCT
issue-1803	241	17	2022	2022	NUM
issue-1803	241	18	)	)	PUNCT
issue-1803	241	19	.	.	PUNCT
issue-1803	242	1	table	table	NOUN
issue-1803	242	2	7	7	NUM
issue-1803	242	3	descriptive	descriptive	ADJ
issue-1803	242	4	results	result	NOUN
issue-1803	242	5	of	of	ADP
issue-1803	242	6	the	the	DET
issue-1803	242	7	four	four	NUM
issue-1803	242	8	-	-	PUNCT
issue-1803	242	9	cluster	cluster	NOUN
issue-1803	242	10	model	model	NOUN
issue-1803	242	11	cluster	cluster	NOUN
issue-1803	242	12	1	1	NUM
issue-1803	242	13	2	2	NUM
issue-1803	242	14	3	3	NUM
issue-1803	242	15	4	4	NUM
issue-1803	242	16	5	5	NUM
issue-1803	242	17	number	number	NOUN
issue-1803	242	18	of	of	ADP
issue-1803	242	19	objects	object	NOUN
issue-1803	242	20	by	by	ADP
issue-1803	242	21	clusters	cluster	NOUN
issue-1803	242	22	7	7	NUM
issue-1803	242	23	5	5	NUM
issue-1803	242	24	4	4	NUM
issue-1803	242	25	4	4	NUM
issue-1803	242	26	10	10	NUM
issue-1803	242	27	intra	intra	ADJ
issue-1803	242	28	-	-	ADJ
issue-1803	242	29	cluster	cluster	ADJ
issue-1803	242	30	dispersion	dispersion	NOUN
issue-1803	242	31	4.97	4.97	NUM
issue-1803	242	32	29.13	29.13	NUM
issue-1803	242	33	38.51	38.51	NUM
issue-1803	242	34	20.76	20.76	NUM
issue-1803	242	35	8.06	8.06	NUM
issue-1803	242	36	minimum	minimum	NOUN
issue-1803	242	37	distance	distance	NOUN
issue-1803	242	38	to	to	ADP
issue-1803	242	39	the	the	DET
issue-1803	242	40	centroid	centroid	NOUN
issue-1803	242	41	0.46	0.46	NUM
issue-1803	242	42	0.98	0.98	NUM
issue-1803	242	43	4.38	4.38	NUM
issue-1803	242	44	3.12	3.12	NUM
issue-1803	242	45	0.62	0.62	NUM
issue-1803	242	46	average	average	ADJ
issue-1803	242	47	distance	distance	NOUN
issue-1803	242	48	to	to	ADP
issue-1803	242	49	the	the	DET
issue-1803	242	50	centroid	centroid	NOUN
issue-1803	242	51	1.75	1.75	NUM
issue-1803	242	52	4.39	4.39	NUM
issue-1803	242	53	5.32	5.32	NUM
issue-1803	242	54	3.92	3.92	NUM
issue-1803	242	55	2.37	2.37	NUM
issue-1803	242	56	maximum	maximum	ADJ
issue-1803	242	57	distance	distance	NOUN
issue-1803	242	58	to	to	ADP
issue-1803	242	59	the	the	DET
issue-1803	242	60	centroid	centroid	NOUN
issue-1803	242	61	4.00	4.00	NUM
issue-1803	242	62	6.61	6.61	NUM
issue-1803	242	63	6.43	6.43	NUM
issue-1803	242	64	4.32	4.32	NUM
issue-1803	242	65	4.80	4.80	NUM
issue-1803	242	66	markets	market	NOUN
issue-1803	242	67	uk	uk	PROPN
issue-1803	242	68	,	,	PUNCT
issue-1803	242	69	canada	canada	PROPN
issue-1803	242	70	,	,	PUNCT
issue-1803	242	71	italy	italy	PROPN
issue-1803	242	72	,	,	PUNCT
issue-1803	242	73	denmark	denmark	PROPN
issue-1803	242	74	,	,	PUNCT
issue-1803	242	75	belgium	belgium	PROPN
issue-1803	242	76	,	,	PUNCT
issue-1803	242	77	sweden	sweden	PROPN
issue-1803	242	78	,	,	PUNCT
issue-1803	242	79	switzerland	switzerland	PROPN
issue-1803	242	80	france	france	PROPN
issue-1803	242	81	,	,	PUNCT
issue-1803	242	82	germany	germany	PROPN
issue-1803	242	83	,	,	PUNCT
issue-1803	242	84	usa	usa	PROPN
issue-1803	242	85	,	,	PUNCT
issue-1803	242	86	japan	japan	PROPN
issue-1803	242	87	,	,	PUNCT
issue-1803	242	88	hong	hong	PROPN
issue-1803	242	89	kong	kong	PROPN
issue-1803	242	90	norway	norway	PROPN
issue-1803	242	91	,	,	PUNCT
issue-1803	242	92	ireland	ireland	PROPN
issue-1803	242	93	,	,	PUNCT
issue-1803	242	94	netherlands	netherlands	PROPN
issue-1803	242	95	,	,	PUNCT
issue-1803	242	96	austria	austria	PROPN
issue-1803	242	97	spain	spain	PROPN
issue-1803	242	98	,	,	PUNCT
issue-1803	242	99	argentina	argentina	PROPN
issue-1803	242	100	,	,	PUNCT
issue-1803	242	101	greece	greece	PROPN
issue-1803	242	102	,	,	PUNCT
issue-1803	242	103	hungary	hungary	PROPN
issue-1803	242	104	thailand	thailand	PROPN
issue-1803	242	105	,	,	PUNCT
issue-1803	242	106	turkey	turkey	PROPN
issue-1803	242	107	,	,	PUNCT
issue-1803	242	108	poland	poland	PROPN
issue-1803	242	109	,	,	PUNCT
issue-1803	242	110	indonesia	indonesia	PROPN
issue-1803	242	111	,	,	PUNCT
issue-1803	242	112	korea	korea	PROPN
issue-1803	242	113	,	,	PUNCT
issue-1803	242	114	india	india	PROPN
issue-1803	242	115	,	,	PUNCT
issue-1803	242	116	egypt	egypt	PROPN
issue-1803	242	117	,	,	PUNCT
issue-1803	242	118	brazil	brazil	PROPN
issue-1803	242	119	,	,	PUNCT
issue-1803	242	120	mexico	mexico	PROPN
issue-1803	242	121	,	,	PUNCT
issue-1803	242	122	malaysia	malaysia	PROPN
issue-1803	242	123	central	central	ADJ
issue-1803	242	124	object	object	NOUN
issue-1803	242	125	canada	canada	PROPN
issue-1803	242	126	usa	usa	PROPN
issue-1803	242	127	austria	austria	PROPN
issue-1803	242	128	spain	spain	PROPN
issue-1803	242	129	mexico	mexico	PROPN
issue-1803	242	130	notes	note	VERB
issue-1803	242	131	:	:	PUNCT
issue-1803	242	132	1	1	X
issue-1803	242	133	.	.	NUM
issue-1803	242	134	figures	figure	NOUN
issue-1803	242	135	calculated	calculate	VERB
issue-1803	242	136	by	by	ADP
issue-1803	242	137	the	the	DET
issue-1803	242	138	authors	author	NOUN
issue-1803	242	139	using	use	VERB
issue-1803	242	140	data	datum	NOUN
issue-1803	242	141	from	from	ADP
issue-1803	242	142	the	the	DET
issue-1803	242	143	msci	msci	PROPN
issue-1803	242	144	indices	index	NOUN
issue-1803	242	145	(	(	PUNCT
issue-1803	242	146	msci	msci	NOUN
issue-1803	242	147	,	,	PUNCT
issue-1803	242	148	2022	2022	NUM
issue-1803	242	149	)	)	PUNCT
issue-1803	242	150	.	.	PUNCT
issue-1803	243	1	baltic	baltic	PROPN
issue-1803	243	2	journal	journal	PROPN
issue-1803	243	3	of	of	ADP
issue-1803	243	4	economic	economic	ADJ
issue-1803	243	5	studies	study	NOUN
issue-1803	243	6	61	61	NUM
issue-1803	243	7	vol	vol	NOUN
issue-1803	243	8	.	.	NOUN
issue-1803	243	9	8	8	NUM
issue-1803	244	1	no	no	NOUN
issue-1803	244	2	.	.	NOUN
issue-1803	245	1	3	3	NUM
issue-1803	245	2	,	,	PUNCT
issue-1803	245	3	2022	2022	NUM
issue-1803	245	4	of	of	ADP
issue-1803	245	5	risk	risk	NOUN
issue-1803	245	6	is	be	AUX
issue-1803	245	7	suboptimal	suboptimal	ADJ
issue-1803	245	8	,	,	PUNCT
issue-1803	245	9	although	although	SCONJ
issue-1803	245	10	the	the	DET
issue-1803	245	11	rate	rate	NOUN
issue-1803	245	12	of	of	ADP
issue-1803	245	13	return	return	NOUN
issue-1803	245	14	is	be	AUX
issue-1803	245	15	quite	quite	ADV
issue-1803	245	16	high	high	ADJ
issue-1803	245	17	.	.	PUNCT
issue-1803	246	1	based	base	VERB
issue-1803	246	2	on	on	ADP
issue-1803	246	3	the	the	DET
issue-1803	246	4	5	5	NUM
issue-1803	246	5	-	-	PUNCT
issue-1803	246	6	cluster	cluster	NOUN
issue-1803	246	7	model	model	NOUN
issue-1803	246	8	,	,	PUNCT
issue-1803	246	9	it	it	PRON
issue-1803	246	10	is	be	AUX
issue-1803	246	11	possible	possible	ADJ
issue-1803	246	12	to	to	PART
issue-1803	246	13	conclude	conclude	VERB
issue-1803	246	14	that	that	SCONJ
issue-1803	246	15	the	the	DET
issue-1803	246	16	level	level	NOUN
issue-1803	246	17	of	of	ADP
issue-1803	246	18	international	international	ADJ
issue-1803	246	19	diversification	diversification	NOUN
issue-1803	246	20	below	below	ADP
issue-1803	246	21	15	15	NUM
issue-1803	246	22	%	%	NOUN
issue-1803	246	23	can	can	AUX
issue-1803	246	24	be	be	AUX
issue-1803	246	25	accompanied	accompany	VERB
issue-1803	246	26	by	by	ADP
issue-1803	246	27	a	a	DET
issue-1803	246	28	relatively	relatively	ADV
issue-1803	246	29	low	low	ADJ
issue-1803	246	30	rate	rate	NOUN
issue-1803	246	31	of	of	ADP
issue-1803	246	32	return	return	NOUN
issue-1803	246	33	and	and	CCONJ
issue-1803	246	34	a	a	DET
issue-1803	246	35	high	high	ADJ
issue-1803	246	36	risk	risk	NOUN
issue-1803	246	37	rate	rate	NOUN
issue-1803	246	38	.	.	PUNCT
issue-1803	247	1	however	however	ADV
issue-1803	247	2	,	,	PUNCT
issue-1803	247	3	it	it	PRON
issue-1803	247	4	remains	remain	VERB
issue-1803	247	5	unclear	unclear	ADJ
issue-1803	247	6	why	why	SCONJ
issue-1803	247	7	there	there	PRON
issue-1803	247	8	is	be	VERB
issue-1803	247	9	a	a	DET
issue-1803	247	10	strong	strong	ADJ
issue-1803	247	11	17	17	NUM
issue-1803	247	12	%	%	NOUN
issue-1803	247	13	difference	difference	NOUN
issue-1803	247	14	in	in	ADP
issue-1803	247	15	international	international	ADJ
issue-1803	247	16	diversification	diversification	NOUN
issue-1803	247	17	between	between	ADP
issue-1803	247	18	the	the	DET
issue-1803	247	19	first	first	ADJ
issue-1803	247	20	and	and	CCONJ
issue-1803	247	21	second	second	ADJ
issue-1803	247	22	clusters	cluster	NOUN
issue-1803	247	23	,	,	PUNCT
issue-1803	247	24	despite	despite	SCONJ
issue-1803	247	25	the	the	DET
issue-1803	247	26	fact	fact	NOUN
issue-1803	247	27	that	that	SCONJ
issue-1803	247	28	the	the	DET
issue-1803	247	29	economic	economic	ADJ
issue-1803	247	30	structure	structure	NOUN
issue-1803	247	31	and	and	CCONJ
issue-1803	247	32	level	level	NOUN
issue-1803	247	33	of	of	ADP
issue-1803	247	34	development	development	NOUN
issue-1803	247	35	of	of	ADP
issue-1803	247	36	financial	financial	ADJ
issue-1803	247	37	markets	market	NOUN
issue-1803	247	38	are	be	AUX
issue-1803	247	39	the	the	DET
issue-1803	247	40	same	same	ADJ
issue-1803	247	41	.	.	PUNCT
issue-1803	248	1	a	a	DET
issue-1803	248	2	comparison	comparison	NOUN
issue-1803	248	3	of	of	ADP
issue-1803	248	4	all	all	DET
issue-1803	248	5	three	three	NUM
issue-1803	248	6	cluster	cluster	NOUN
issue-1803	248	7	distributions	distribution	NOUN
issue-1803	248	8	yielded	yield	VERB
issue-1803	248	9	the	the	DET
issue-1803	248	10	following	follow	VERB
issue-1803	248	11	results	result	NOUN
issue-1803	248	12	.	.	PUNCT
issue-1803	249	1	although	although	SCONJ
issue-1803	249	2	the	the	DET
issue-1803	249	3	twocluster	twocluster	NOUN
issue-1803	249	4	model	model	NOUN
issue-1803	249	5	has	have	VERB
issue-1803	249	6	the	the	DET
issue-1803	249	7	highest	high	ADJ
issue-1803	249	8	silhouette	silhouette	NOUN
issue-1803	249	9	score	score	NOUN
issue-1803	249	10	and	and	CCONJ
issue-1803	249	11	the	the	DET
issue-1803	249	12	most	most	ADV
issue-1803	249	13	optimal	optimal	ADJ
issue-1803	249	14	distribution	distribution	NOUN
issue-1803	249	15	of	of	ADP
issue-1803	249	16	markets	market	NOUN
issue-1803	249	17	across	across	ADP
issue-1803	249	18	clusters	cluster	NOUN
issue-1803	249	19	,	,	PUNCT
issue-1803	249	20	its	its	PRON
issue-1803	249	21	results	result	NOUN
issue-1803	249	22	are	be	AUX
issue-1803	249	23	quite	quite	ADV
issue-1803	249	24	predictable	predictable	ADJ
issue-1803	249	25	and	and	CCONJ
issue-1803	249	26	follow	follow	VERB
issue-1803	249	27	conventional	conventional	ADJ
issue-1803	249	28	wisdom	wisdom	NOUN
issue-1803	249	29	.	.	PUNCT
issue-1803	250	1	however	however	ADV
issue-1803	250	2	,	,	PUNCT
issue-1803	250	3	models	model	NOUN
issue-1803	250	4	with	with	ADP
issue-1803	250	5	more	more	ADJ
issue-1803	250	6	clusters	cluster	NOUN
issue-1803	250	7	provide	provide	VERB
issue-1803	250	8	some	some	DET
issue-1803	250	9	interesting	interesting	ADJ
issue-1803	250	10	results	result	NOUN
issue-1803	250	11	for	for	ADP
issue-1803	250	12	further	further	ADJ
issue-1803	250	13	discussion	discussion	NOUN
issue-1803	250	14	.	.	PUNCT
issue-1803	251	1	developed	develop	VERB
issue-1803	251	2	markets	market	NOUN
issue-1803	251	3	generally	generally	ADV
issue-1803	251	4	have	have	VERB
issue-1803	251	5	a	a	DET
issue-1803	251	6	better	well	ADJ
issue-1803	251	7	level	level	NOUN
issue-1803	251	8	of	of	ADP
issue-1803	251	9	international	international	ADJ
issue-1803	251	10	diversification	diversification	NOUN
issue-1803	251	11	,	,	PUNCT
issue-1803	251	12	although	although	SCONJ
issue-1803	251	13	it	it	PRON
issue-1803	251	14	may	may	AUX
issue-1803	251	15	vary	vary	VERB
issue-1803	251	16	from	from	ADP
issue-1803	251	17	market	market	NOUN
issue-1803	251	18	to	to	ADP
issue-1803	251	19	market	market	NOUN
issue-1803	251	20	,	,	PUNCT
issue-1803	251	21	and	and	CCONJ
issue-1803	251	22	better	well	ADJ
issue-1803	251	23	risk	risk	NOUN
issue-1803	251	24	-	-	PUNCT
issue-1803	251	25	return	return	NOUN
issue-1803	251	26	ratios	ratio	NOUN
issue-1803	251	27	.	.	PUNCT
issue-1803	252	1	markets	market	NOUN
issue-1803	252	2	in	in	ADP
issue-1803	252	3	which	which	PRON
issue-1803	252	4	investors	investor	NOUN
issue-1803	252	5	prefer	prefer	VERB
issue-1803	252	6	low	low	ADJ
issue-1803	252	7	levels	level	NOUN
issue-1803	252	8	of	of	ADP
issue-1803	252	9	international	international	ADJ
issue-1803	252	10	diversification	diversification	NOUN
issue-1803	252	11	(	(	PUNCT
issue-1803	252	12	below	below	ADP
issue-1803	252	13	5	5	NUM
issue-1803	252	14	%	%	NOUN
issue-1803	252	15	for	for	ADP
issue-1803	252	16	the	the	DET
issue-1803	252	17	4	4	NUM
issue-1803	252	18	-	-	PUNCT
issue-1803	252	19	cluster	cluster	NOUN
issue-1803	252	20	model	model	NOUN
issue-1803	252	21	and	and	CCONJ
issue-1803	252	22	below	below	ADP
issue-1803	252	23	15	15	NUM
issue-1803	252	24	%	%	NOUN
issue-1803	252	25	for	for	ADP
issue-1803	252	26	the	the	DET
issue-1803	252	27	5	5	NUM
issue-1803	252	28	-	-	PUNCT
issue-1803	252	29	cluster	cluster	NOUN
issue-1803	252	30	model	model	NOUN
issue-1803	252	31	)	)	PUNCT
issue-1803	252	32	were	be	AUX
issue-1803	252	33	found	find	VERB
issue-1803	252	34	to	to	PART
issue-1803	252	35	have	have	VERB
issue-1803	252	36	lower	low	ADJ
issue-1803	252	37	returns	return	NOUN
issue-1803	252	38	and	and	CCONJ
issue-1803	252	39	higher	high	ADJ
issue-1803	252	40	risk	risk	NOUN
issue-1803	252	41	ratios	ratio	NOUN
issue-1803	252	42	.	.	PUNCT
issue-1803	253	1	these	these	DET
issue-1803	253	2	markets	market	NOUN
issue-1803	253	3	practically	practically	ADV
issue-1803	253	4	belong	belong	VERB
issue-1803	253	5	to	to	ADP
issue-1803	253	6	the	the	DET
issue-1803	253	7	msci	msci	NOUN
issue-1803	253	8	emerging	emerge	VERB
issue-1803	253	9	markets	market	NOUN
issue-1803	253	10	group	group	NOUN
issue-1803	253	11	.	.	PUNCT
issue-1803	254	1	as	as	ADP
issue-1803	254	2	a	a	DET
issue-1803	254	3	consequence	consequence	NOUN
issue-1803	254	4	,	,	PUNCT
issue-1803	254	5	these	these	DET
issue-1803	254	6	markets	market	NOUN
issue-1803	254	7	need	need	VERB
issue-1803	254	8	further	further	ADJ
issue-1803	254	9	integration	integration	NOUN
issue-1803	254	10	into	into	ADP
issue-1803	254	11	global	global	ADJ
issue-1803	254	12	financial	financial	ADJ
issue-1803	254	13	markets	market	NOUN
issue-1803	254	14	in	in	ADP
issue-1803	254	15	order	order	NOUN
issue-1803	254	16	to	to	PART
issue-1803	254	17	better	well	ADV
issue-1803	254	18	exploit	exploit	VERB
issue-1803	254	19	portfolio	portfolio	NOUN
issue-1803	254	20	diversification	diversification	NOUN
issue-1803	254	21	opportunities	opportunity	NOUN
issue-1803	254	22	.	.	PUNCT
issue-1803	255	1	second	second	ADJ
issue-1803	255	2	,	,	PUNCT
issue-1803	255	3	there	there	PRON
issue-1803	255	4	are	be	VERB
issue-1803	255	5	markets	market	NOUN
issue-1803	255	6	with	with	ADP
issue-1803	255	7	a	a	DET
issue-1803	255	8	high	high	ADJ
issue-1803	255	9	level	level	NOUN
issue-1803	255	10	of	of	ADP
issue-1803	255	11	international	international	ADJ
issue-1803	255	12	diver	diver	NOUN
issue-1803	255	13	sification	sification	NOUN
issue-1803	255	14	,	,	PUNCT
issue-1803	255	15	such	such	ADJ
issue-1803	255	16	as	as	ADP
issue-1803	255	17	norway	norway	PROPN
issue-1803	255	18	,	,	PUNCT
issue-1803	255	19	ireland	ireland	PROPN
issue-1803	255	20	,	,	PUNCT
issue-1803	255	21	the	the	DET
issue-1803	255	22	netherlands	netherlands	PROPN
issue-1803	255	23	,	,	PUNCT
issue-1803	255	24	and	and	CCONJ
issue-1803	255	25	austria	austria	PROPN
issue-1803	255	26	,	,	PUNCT
issue-1803	255	27	due	due	ADP
issue-1803	255	28	to	to	ADP
issue-1803	255	29	a	a	DET
issue-1803	255	30	number	number	NOUN
issue-1803	255	31	of	of	ADP
issue-1803	255	32	factors	factor	NOUN
issue-1803	255	33	,	,	PUNCT
issue-1803	255	34	such	such	ADJ
issue-1803	255	35	as	as	ADP
issue-1803	255	36	offshore	offshore	ADJ
issue-1803	255	37	financial	financial	ADJ
issue-1803	255	38	activity	activity	NOUN
issue-1803	255	39	and	and	CCONJ
issue-1803	255	40	limited	limited	ADJ
issue-1803	255	41	opportunities	opportunity	NOUN
issue-1803	255	42	in	in	ADP
issue-1803	255	43	national	national	ADJ
issue-1803	255	44	stock	stock	NOUN
issue-1803	255	45	markets	market	NOUN
issue-1803	255	46	.	.	PUNCT
issue-1803	256	1	in	in	ADP
issue-1803	256	2	addition	addition	NOUN
issue-1803	256	3	,	,	PUNCT
issue-1803	256	4	investors	investor	NOUN
issue-1803	256	5	in	in	ADP
issue-1803	256	6	a	a	DET
issue-1803	256	7	number	number	NOUN
issue-1803	256	8	of	of	ADP
issue-1803	256	9	developed	develop	VERB
issue-1803	256	10	markets	market	NOUN
issue-1803	256	11	prefer	prefer	VERB
issue-1803	256	12	to	to	PART
issue-1803	256	13	diversify	diversify	VERB
issue-1803	256	14	their	their	PRON
issue-1803	256	15	portfolios	portfolio	NOUN
issue-1803	256	16	globally	globally	ADV
issue-1803	256	17	,	,	PUNCT
issue-1803	256	18	while	while	SCONJ
issue-1803	256	19	their	their	PRON
issue-1803	256	20	national	national	ADJ
issue-1803	256	21	stock	stock	NOUN
issue-1803	256	22	markets	market	NOUN
issue-1803	256	23	provide	provide	VERB
issue-1803	256	24	an	an	DET
issue-1803	256	25	effective	effective	ADJ
issue-1803	256	26	risk	risk	NOUN
issue-1803	256	27	-	-	PUNCT
issue-1803	256	28	return	return	NOUN
issue-1803	256	29	ratio	ratio	NOUN
issue-1803	256	30	.	.	PUNCT
issue-1803	257	1	however	however	ADV
issue-1803	257	2	,	,	PUNCT
issue-1803	257	3	there	there	PRON
issue-1803	257	4	are	be	VERB
issue-1803	257	5	some	some	DET
issue-1803	257	6	developed	develop	VERB
issue-1803	257	7	markets	market	NOUN
issue-1803	257	8	that	that	PRON
issue-1803	257	9	are	be	AUX
issue-1803	257	10	domestic	domestic	ADJ
issue-1803	257	11	to	to	ADP
issue-1803	257	12	various	various	ADJ
issue-1803	257	13	multinational	multinational	ADJ
issue-1803	257	14	companies	company	NOUN
issue-1803	257	15	,	,	PUNCT
issue-1803	257	16	and	and	CCONJ
issue-1803	257	17	,	,	PUNCT
issue-1803	257	18	as	as	ADP
issue-1803	257	19	a	a	DET
issue-1803	257	20	consequence	consequence	NOUN
issue-1803	257	21	,	,	PUNCT
issue-1803	257	22	investors	investor	NOUN
issue-1803	257	23	in	in	ADP
issue-1803	257	24	these	these	DET
issue-1803	257	25	markets	market	NOUN
issue-1803	257	26	prefer	prefer	VERB
issue-1803	257	27	to	to	PART
issue-1803	257	28	invest	invest	VERB
issue-1803	257	29	more	more	ADJ
issue-1803	257	30	capital	capital	NOUN
issue-1803	257	31	in	in	ADP
issue-1803	257	32	national	national	ADJ
issue-1803	257	33	stock	stock	NOUN
issue-1803	257	34	markets	market	NOUN
issue-1803	257	35	.	.	PUNCT
issue-1803	258	1	at	at	ADP
issue-1803	258	2	the	the	DET
issue-1803	258	3	same	same	ADJ
issue-1803	258	4	time	time	NOUN
issue-1803	258	5	,	,	PUNCT
issue-1803	258	6	there	there	PRON
issue-1803	258	7	is	be	VERB
issue-1803	258	8	a	a	DET
issue-1803	258	9	large	large	ADJ
issue-1803	258	10	difference	difference	NOUN
issue-1803	258	11	in	in	ADP
issue-1803	258	12	the	the	DET
issue-1803	258	13	levels	level	NOUN
issue-1803	258	14	of	of	ADP
issue-1803	258	15	international	international	ADJ
issue-1803	258	16	diversification	diversification	NOUN
issue-1803	258	17	between	between	ADP
issue-1803	258	18	some	some	DET
issue-1803	258	19	clusters	cluster	NOUN
issue-1803	258	20	,	,	PUNCT
issue-1803	258	21	and	and	CCONJ
issue-1803	258	22	this	this	DET
issue-1803	258	23	result	result	NOUN
issue-1803	258	24	requires	require	VERB
issue-1803	258	25	further	further	ADJ
issue-1803	258	26	discussion	discussion	NOUN
issue-1803	258	27	.	.	PUNCT
issue-1803	259	1	it	it	PRON
issue-1803	259	2	is	be	AUX
issue-1803	259	3	also	also	ADV
issue-1803	259	4	important	important	ADJ
issue-1803	259	5	to	to	PART
issue-1803	259	6	note	note	VERB
issue-1803	259	7	that	that	SCONJ
issue-1803	259	8	the	the	DET
issue-1803	259	9	simultaneous	simultaneous	ADJ
issue-1803	259	10	efficient	efficient	ADJ
issue-1803	259	11	operation	operation	NOUN
issue-1803	259	12	of	of	ADP
issue-1803	259	13	a	a	DET
issue-1803	259	14	national	national	ADJ
issue-1803	259	15	stock	stock	NOUN
issue-1803	259	16	market	market	NOUN
issue-1803	259	17	and	and	CCONJ
issue-1803	259	18	a	a	DET
issue-1803	259	19	high	high	ADJ
issue-1803	259	20	level	level	NOUN
issue-1803	259	21	of	of	ADP
issue-1803	259	22	international	international	ADJ
issue-1803	259	23	diversification	diversification	NOUN
issue-1803	259	24	can	can	AUX
issue-1803	259	25	only	only	ADV
issue-1803	259	26	occur	occur	VERB
issue-1803	259	27	if	if	SCONJ
issue-1803	259	28	international	international	ADJ
issue-1803	259	29	diversification	diversification	NOUN
issue-1803	259	30	occurs	occur	VERB
issue-1803	259	31	between	between	ADP
issue-1803	259	32	units	unit	NOUN
issue-1803	259	33	of	of	ADP
issue-1803	259	34	the	the	DET
issue-1803	259	35	same	same	ADJ
issue-1803	259	36	cluster	cluster	NOUN
issue-1803	259	37	or	or	CCONJ
issue-1803	259	38	units	unit	NOUN
issue-1803	259	39	of	of	ADP
issue-1803	259	40	clusters	cluster	NOUN
issue-1803	259	41	with	with	ADP
issue-1803	259	42	similar	similar	ADJ
issue-1803	259	43	risk	risk	NOUN
issue-1803	259	44	and	and	CCONJ
issue-1803	259	45	return	return	VERB
issue-1803	259	46	ratios	ratio	NOUN
issue-1803	259	47	.	.	PUNCT
issue-1803	260	1	the	the	DET
issue-1803	260	2	high	high	ADJ
issue-1803	260	3	rate	rate	NOUN
issue-1803	260	4	of	of	ADP
issue-1803	260	5	internalization	internalization	NOUN
issue-1803	260	6	and	and	CCONJ
issue-1803	260	7	liberalization	liberalization	NOUN
issue-1803	260	8	of	of	ADP
issue-1803	260	9	financial	financial	ADJ
issue-1803	260	10	markets	market	NOUN
issue-1803	260	11	has	have	AUX
issue-1803	260	12	led	lead	VERB
issue-1803	260	13	to	to	ADP
issue-1803	260	14	global	global	ADJ
issue-1803	260	15	financial	financial	ADJ
issue-1803	260	16	integration	integration	NOUN
issue-1803	260	17	and	and	CCONJ
issue-1803	260	18	the	the	DET
issue-1803	260	19	emergence	emergence	NOUN
issue-1803	260	20	of	of	ADP
issue-1803	260	21	transfer	transfer	NOUN
issue-1803	260	22	mechanisms	mechanism	NOUN
issue-1803	260	23	.	.	PUNCT
issue-1803	261	1	the	the	DET
issue-1803	261	2	crisis	crisis	NOUN
issue-1803	261	3	events	event	NOUN
issue-1803	261	4	of	of	ADP
issue-1803	261	5	recent	recent	ADJ
issue-1803	261	6	years	year	NOUN
issue-1803	261	7	throughout	throughout	ADP
issue-1803	261	8	the	the	DET
issue-1803	261	9	global	global	ADJ
issue-1803	261	10	economy	economy	NOUN
issue-1803	261	11	have	have	AUX
issue-1803	261	12	tended	tend	VERB
issue-1803	261	13	to	to	PART
issue-1803	261	14	shift	shift	VERB
issue-1803	261	15	from	from	ADP
issue-1803	261	16	one	one	NUM
issue-1803	261	17	market	market	NOUN
issue-1803	261	18	to	to	ADP
issue-1803	261	19	another	another	PRON
issue-1803	261	20	.	.	PUNCT
issue-1803	262	1	quite	quite	ADV
issue-1803	262	2	similar	similar	ADJ
issue-1803	262	3	risk	risk	NOUN
issue-1803	262	4	and	and	CCONJ
issue-1803	262	5	return	return	VERB
issue-1803	262	6	ratios	ratio	NOUN
issue-1803	262	7	in	in	ADP
issue-1803	262	8	developed	develop	VERB
issue-1803	262	9	market	market	NOUN
issue-1803	262	10	clusters	cluster	NOUN
issue-1803	262	11	suggest	suggest	VERB
issue-1803	262	12	that	that	SCONJ
issue-1803	262	13	developed	develop	VERB
issue-1803	262	14	markets	market	NOUN
issue-1803	262	15	are	be	AUX
issue-1803	262	16	interdependent	interdependent	ADJ
issue-1803	262	17	,	,	PUNCT
issue-1803	262	18	while	while	SCONJ
issue-1803	262	19	the	the	DET
issue-1803	262	20	significant	significant	ADJ
issue-1803	262	21	differences	difference	NOUN
issue-1803	262	22	between	between	ADP
issue-1803	262	23	developed	develop	VERB
issue-1803	262	24	and	and	CCONJ
issue-1803	262	25	emerging	emerge	VERB
issue-1803	262	26	market	market	NOUN
issue-1803	262	27	clusters	cluster	NOUN
issue-1803	262	28	demonstrate	demonstrate	VERB
issue-1803	262	29	the	the	DET
issue-1803	262	30	potential	potential	ADJ
issue-1803	262	31	gap	gap	NOUN
issue-1803	262	32	between	between	ADP
issue-1803	262	33	these	these	DET
issue-1803	262	34	markets	market	NOUN
issue-1803	262	35	.	.	PUNCT
issue-1803	263	1	5	5	X
issue-1803	263	2	.	.	X
issue-1803	263	3	conclusions	conclusion	NOUN
issue-1803	263	4	the	the	DET
issue-1803	263	5	paper	paper	NOUN
issue-1803	263	6	examines	examine	VERB
issue-1803	263	7	30	30	NUM
issue-1803	263	8	different	different	ADJ
issue-1803	263	9	markets	market	NOUN
issue-1803	263	10	around	around	ADP
issue-1803	263	11	the	the	DET
issue-1803	263	12	world	world	NOUN
issue-1803	263	13	using	use	VERB
issue-1803	263	14	three	three	NUM
issue-1803	263	15	variables	variable	NOUN
issue-1803	263	16	such	such	ADJ
issue-1803	263	17	as	as	ADP
issue-1803	263	18	risk	risk	NOUN
issue-1803	263	19	,	,	PUNCT
issue-1803	263	20	return	return	NOUN
issue-1803	263	21	,	,	PUNCT
issue-1803	263	22	and	and	CCONJ
issue-1803	263	23	the	the	DET
issue-1803	263	24	level	level	NOUN
issue-1803	263	25	of	of	ADP
issue-1803	263	26	international	international	ADJ
issue-1803	263	27	diversification	diversification	NOUN
issue-1803	263	28	.	.	PUNCT
issue-1803	264	1	the	the	DET
issue-1803	264	2	paper	paper	NOUN
issue-1803	264	3	combines	combine	VERB
issue-1803	264	4	traditional	traditional	ADJ
issue-1803	264	5	finance	finance	NOUN
issue-1803	264	6	and	and	CCONJ
issue-1803	264	7	behavioral	behavioral	ADJ
issue-1803	264	8	finance	finance	NOUN
issue-1803	264	9	approaches	approach	VERB
issue-1803	264	10	for	for	ADP
issue-1803	264	11	in	in	ADP
issue-1803	264	12	-	-	PUNCT
issue-1803	264	13	depth	depth	NOUN
issue-1803	264	14	analysis	analysis	NOUN
issue-1803	264	15	.	.	PUNCT
issue-1803	265	1	the	the	DET
issue-1803	265	2	work	work	NOUN
issue-1803	265	3	is	be	AUX
issue-1803	265	4	based	base	VERB
issue-1803	265	5	on	on	ADP
issue-1803	265	6	the	the	DET
issue-1803	265	7	development	development	NOUN
issue-1803	265	8	of	of	ADP
issue-1803	265	9	a	a	DET
issue-1803	265	10	k	k	NOUN
issue-1803	265	11	-	-	PUNCT
issue-1803	265	12	means	mean	VERB
issue-1803	265	13	clustering	clustering	NOUN
issue-1803	265	14	model	model	NOUN
issue-1803	265	15	.	.	PUNCT
issue-1803	266	1	three	three	NUM
issue-1803	266	2	different	different	ADJ
issue-1803	266	3	types	type	NOUN
issue-1803	266	4	of	of	ADP
issue-1803	266	5	models	model	NOUN
issue-1803	266	6	were	be	AUX
issue-1803	266	7	analyzed	analyze	VERB
issue-1803	266	8	,	,	PUNCT
issue-1803	266	9	such	such	ADJ
issue-1803	266	10	as	as	ADP
issue-1803	266	11	two	two	NUM
issue-1803	266	12	-	-	PUNCT
issue-1803	266	13	cluster	cluster	NOUN
issue-1803	266	14	,	,	PUNCT
issue-1803	266	15	four	four	NUM
issue-1803	266	16	-	-	PUNCT
issue-1803	266	17	cluster	cluster	NOUN
issue-1803	266	18	,	,	PUNCT
issue-1803	266	19	and	and	CCONJ
issue-1803	266	20	five	five	NUM
issue-1803	266	21	-	-	PUNCT
issue-1803	266	22	cluster	cluster	NOUN
issue-1803	266	23	.	.	PUNCT
issue-1803	267	1	the	the	DET
issue-1803	267	2	choice	choice	NOUN
issue-1803	267	3	of	of	ADP
issue-1803	267	4	the	the	DET
issue-1803	267	5	number	number	NOUN
issue-1803	267	6	of	of	ADP
issue-1803	267	7	clusters	cluster	NOUN
issue-1803	267	8	was	be	AUX
issue-1803	267	9	determined	determine	VERB
issue-1803	267	10	using	use	VERB
issue-1803	267	11	the	the	DET
issue-1803	267	12	silhouette	silhouette	NOUN
issue-1803	267	13	scoring	scoring	NOUN
issue-1803	267	14	method	method	NOUN
issue-1803	267	15	.	.	PUNCT
issue-1803	268	1	the	the	DET
issue-1803	268	2	highest	high	ADJ
issue-1803	268	3	number	number	NOUN
issue-1803	268	4	of	of	ADP
issue-1803	268	5	silhouette	silhouette	NOUN
issue-1803	268	6	scores	score	NOUN
issue-1803	268	7	was	be	AUX
issue-1803	268	8	awarded	award	VERB
issue-1803	268	9	to	to	ADP
issue-1803	268	10	the	the	DET
issue-1803	268	11	model	model	NOUN
issue-1803	268	12	with	with	ADP
issue-1803	268	13	two	two	NUM
issue-1803	268	14	clusters	cluster	NOUN
issue-1803	268	15	.	.	PUNCT
issue-1803	269	1	however	however	ADV
issue-1803	269	2	,	,	PUNCT
issue-1803	269	3	models	model	NOUN
issue-1803	269	4	with	with	ADP
issue-1803	269	5	four	four	NUM
issue-1803	269	6	and	and	CCONJ
issue-1803	269	7	five	five	NUM
issue-1803	269	8	clusters	cluster	NOUN
issue-1803	269	9	also	also	ADV
issue-1803	269	10	yield	yield	VERB
issue-1803	269	11	results	result	NOUN
issue-1803	269	12	of	of	ADP
issue-1803	269	13	interest	interest	NOUN
issue-1803	269	14	for	for	ADP
issue-1803	269	15	this	this	DET
issue-1803	269	16	paper	paper	NOUN
issue-1803	269	17	.	.	PUNCT
issue-1803	270	1	the	the	DET
issue-1803	270	2	main	main	ADJ
issue-1803	270	3	purpose	purpose	NOUN
issue-1803	270	4	of	of	ADP
issue-1803	270	5	the	the	DET
issue-1803	270	6	model	model	NOUN
issue-1803	270	7	is	be	AUX
issue-1803	270	8	to	to	PART
issue-1803	270	9	confirm	confirm	VERB
issue-1803	270	10	and/or	and/or	CCONJ
issue-1803	270	11	refute	refute	VERB
issue-1803	270	12	the	the	DET
issue-1803	270	13	following	follow	VERB
issue-1803	270	14	two	two	NUM
issue-1803	270	15	hypotheses	hypothesis	NOUN
issue-1803	270	16	of	of	ADP
issue-1803	270	17	the	the	DET
issue-1803	270	18	paper	paper	NOUN
issue-1803	270	19	.	.	PUNCT
issue-1803	271	1	the	the	DET
issue-1803	271	2	first	first	ADJ
issue-1803	271	3	hypothesis	hypothesis	NOUN
issue-1803	271	4	is	be	AUX
issue-1803	271	5	that	that	SCONJ
issue-1803	271	6	portfolios	portfolio	NOUN
issue-1803	271	7	of	of	ADP
issue-1803	271	8	investors	investor	NOUN
issue-1803	271	9	from	from	ADP
issue-1803	271	10	developed	develop	VERB
issue-1803	271	11	markets	market	NOUN
issue-1803	271	12	have	have	VERB
issue-1803	271	13	a	a	DET
issue-1803	271	14	better	well	ADJ
issue-1803	271	15	level	level	NOUN
issue-1803	271	16	of	of	ADP
issue-1803	271	17	international	international	ADJ
issue-1803	271	18	diversification	diversification	NOUN
issue-1803	271	19	than	than	ADP
issue-1803	271	20	portfolios	portfolio	NOUN
issue-1803	271	21	of	of	ADP
issue-1803	271	22	investors	investor	NOUN
issue-1803	271	23	from	from	ADP
issue-1803	271	24	emerging	emerge	VERB
issue-1803	271	25	markets	market	NOUN
issue-1803	271	26	.	.	PUNCT
issue-1803	272	1	the	the	DET
issue-1803	272	2	first	first	ADJ
issue-1803	272	3	hypothesis	hypothesis	NOUN
issue-1803	272	4	is	be	AUX
issue-1803	272	5	confirmed	confirm	VERB
issue-1803	272	6	by	by	ADP
issue-1803	272	7	the	the	DET
issue-1803	272	8	results	result	NOUN
issue-1803	272	9	of	of	ADP
issue-1803	272	10	the	the	DET
issue-1803	272	11	model	model	NOUN
issue-1803	272	12	.	.	PUNCT
issue-1803	273	1	developed	develop	VERB
issue-1803	273	2	markets	market	NOUN
issue-1803	273	3	generally	generally	ADV
issue-1803	273	4	have	have	VERB
issue-1803	273	5	a	a	DET
issue-1803	273	6	better	well	ADJ
issue-1803	273	7	level	level	NOUN
issue-1803	273	8	of	of	ADP
issue-1803	273	9	international	international	ADJ
issue-1803	273	10	diversification	diversification	NOUN
issue-1803	273	11	(	(	PUNCT
issue-1803	273	12	hence	hence	ADV
issue-1803	273	13	,	,	PUNCT
issue-1803	273	14	a	a	DET
issue-1803	273	15	lower	low	ADJ
issue-1803	273	16	level	level	NOUN
issue-1803	273	17	of	of	ADP
issue-1803	273	18	"	"	PUNCT
issue-1803	273	19	home	home	NOUN
issue-1803	273	20	bias	bias	NOUN
issue-1803	273	21	"	"	PUNCT
issue-1803	273	22	)	)	PUNCT
issue-1803	273	23	compared	compare	VERB
issue-1803	273	24	to	to	ADP
issue-1803	273	25	emerging	emerge	VERB
issue-1803	273	26	markets	market	NOUN
issue-1803	273	27	.	.	PUNCT
issue-1803	274	1	the	the	DET
issue-1803	274	2	two	two	NUM
issue-1803	274	3	-	-	PUNCT
issue-1803	274	4	cluster	cluster	NOUN
issue-1803	274	5	model	model	NOUN
issue-1803	274	6	clearly	clearly	ADV
issue-1803	274	7	differentiates	differentiate	VERB
issue-1803	274	8	markets	market	NOUN
issue-1803	274	9	into	into	ADP
issue-1803	274	10	developed	developed	ADJ
issue-1803	274	11	and	and	CCONJ
issue-1803	274	12	emerging	emerge	VERB
issue-1803	274	13	markets	market	NOUN
issue-1803	274	14	,	,	PUNCT
issue-1803	274	15	with	with	ADP
issue-1803	274	16	the	the	DET
issue-1803	274	17	exception	exception	NOUN
issue-1803	274	18	of	of	ADP
issue-1803	274	19	japan	japan	PROPN
issue-1803	274	20	,	,	PUNCT
issue-1803	274	21	hong	hong	PROPN
issue-1803	274	22	kong	kong	PROPN
issue-1803	274	23	,	,	PUNCT
issue-1803	274	24	and	and	CCONJ
issue-1803	274	25	spain	spain	PROPN
issue-1803	274	26	(	(	PUNCT
issue-1803	274	27	this	this	PRON
issue-1803	274	28	was	be	AUX
issue-1803	274	29	done	do	VERB
issue-1803	274	30	because	because	SCONJ
issue-1803	274	31	of	of	ADP
issue-1803	274	32	their	their	PRON
issue-1803	274	33	relatively	relatively	ADV
issue-1803	274	34	lower	low	ADJ
issue-1803	274	35	international	international	ADJ
issue-1803	274	36	diversification	diversification	NOUN
issue-1803	274	37	rates	rate	NOUN
issue-1803	274	38	)	)	PUNCT
issue-1803	274	39	.	.	PUNCT
issue-1803	275	1	among	among	ADP
issue-1803	275	2	developed	develop	VERB
issue-1803	275	3	markets	market	NOUN
issue-1803	275	4	,	,	PUNCT
issue-1803	275	5	however	however	ADV
issue-1803	275	6	,	,	PUNCT
issue-1803	275	7	there	there	PRON
issue-1803	275	8	is	be	VERB
issue-1803	275	9	extremely	extremely	ADV
issue-1803	275	10	high	high	ADJ
issue-1803	275	11	within	within	ADP
issue-1803	275	12	-	-	PUNCT
issue-1803	275	13	group	group	NOUN
issue-1803	275	14	variation	variation	NOUN
issue-1803	275	15	in	in	ADP
issue-1803	275	16	international	international	ADJ
issue-1803	275	17	diversification	diversification	NOUN
issue-1803	275	18	levels	level	NOUN
issue-1803	275	19	.	.	PUNCT
issue-1803	276	1	based	base	VERB
issue-1803	276	2	on	on	ADP
issue-1803	276	3	the	the	DET
issue-1803	276	4	four	four	NUM
issue-1803	276	5	-	-	PUNCT
issue-1803	276	6	cluster	cluster	NOUN
issue-1803	276	7	model	model	NOUN
issue-1803	276	8	,	,	PUNCT
issue-1803	276	9	three	three	NUM
issue-1803	276	10	clusters	cluster	NOUN
issue-1803	276	11	(	(	PUNCT
issue-1803	276	12	groups	group	NOUN
issue-1803	276	13	)	)	PUNCT
issue-1803	276	14	of	of	ADP
issue-1803	276	15	developed	develop	VERB
issue-1803	276	16	markets	market	NOUN
issue-1803	276	17	can	can	AUX
issue-1803	276	18	be	be	AUX
issue-1803	276	19	identified	identify	VERB
issue-1803	276	20	.	.	PUNCT
issue-1803	277	1	the	the	DET
issue-1803	277	2	first	first	ADJ
issue-1803	277	3	group	group	NOUN
issue-1803	277	4	has	have	VERB
issue-1803	277	5	an	an	DET
issue-1803	277	6	average	average	ADJ
issue-1803	277	7	level	level	NOUN
issue-1803	277	8	of	of	ADP
issue-1803	277	9	international	international	ADJ
issue-1803	277	10	diversification	diversification	NOUN
issue-1803	277	11	(	(	PUNCT
issue-1803	277	12	43	43	NUM
issue-1803	277	13	%	%	NOUN
issue-1803	277	14	)	)	PUNCT
issue-1803	277	15	.	.	PUNCT
issue-1803	278	1	the	the	DET
issue-1803	278	2	second	second	ADJ
issue-1803	278	3	group	group	NOUN
issue-1803	278	4	of	of	ADP
issue-1803	278	5	markets	market	NOUN
issue-1803	278	6	has	have	VERB
issue-1803	278	7	a	a	DET
issue-1803	278	8	low	low	ADJ
issue-1803	278	9	level	level	NOUN
issue-1803	278	10	of	of	ADP
issue-1803	278	11	international	international	ADJ
issue-1803	278	12	diversification	diversification	NOUN
issue-1803	278	13	(	(	PUNCT
issue-1803	278	14	about	about	ADV
issue-1803	278	15	22	22	NUM
issue-1803	278	16	%	%	NOUN
issue-1803	278	17	)	)	PUNCT
issue-1803	278	18	,	,	PUNCT
issue-1803	278	19	and	and	CCONJ
issue-1803	278	20	the	the	DET
issue-1803	278	21	third	third	ADJ
issue-1803	278	22	group	group	NOUN
issue-1803	278	23	of	of	ADP
issue-1803	278	24	markets	market	NOUN
issue-1803	278	25	has	have	VERB
issue-1803	278	26	the	the	DET
issue-1803	278	27	highest	high	ADJ
issue-1803	278	28	level	level	NOUN
issue-1803	278	29	of	of	ADP
issue-1803	278	30	international	international	ADJ
issue-1803	278	31	diversification	diversification	NOUN
issue-1803	278	32	(	(	PUNCT
issue-1803	278	33	about	about	ADP
issue-1803	278	34	61	61	NUM
issue-1803	278	35	%	%	NOUN
issue-1803	278	36	)	)	PUNCT
issue-1803	278	37	.	.	PUNCT
issue-1803	279	1	the	the	DET
issue-1803	279	2	results	result	NOUN
issue-1803	279	3	of	of	ADP
issue-1803	279	4	clustering	clustering	NOUN
issue-1803	279	5	in	in	ADP
issue-1803	279	6	the	the	DET
issue-1803	279	7	five	five	NUM
issue-1803	279	8	-	-	PUNCT
issue-1803	279	9	cluster	cluster	NOUN
issue-1803	279	10	model	model	NOUN
issue-1803	279	11	confirm	confirm	VERB
issue-1803	279	12	the	the	DET
issue-1803	279	13	above	above	ADJ
issue-1803	279	14	conclusions	conclusion	NOUN
issue-1803	279	15	.	.	PUNCT
issue-1803	280	1	one	one	NUM
issue-1803	280	2	likely	likely	ADJ
issue-1803	280	3	reason	reason	NOUN
issue-1803	280	4	for	for	ADP
issue-1803	280	5	the	the	DET
issue-1803	280	6	very	very	ADV
issue-1803	280	7	high	high	ADJ
issue-1803	280	8	level	level	NOUN
issue-1803	280	9	of	of	ADP
issue-1803	280	10	international	international	ADJ
issue-1803	280	11	diversification	diversification	NOUN
issue-1803	280	12	in	in	ADP
issue-1803	280	13	some	some	DET
issue-1803	280	14	markets	market	NOUN
issue-1803	280	15	,	,	PUNCT
issue-1803	280	16	such	such	ADJ
issue-1803	280	17	as	as	ADP
issue-1803	280	18	ireland	ireland	PROPN
issue-1803	280	19	and	and	CCONJ
issue-1803	280	20	the	the	DET
issue-1803	280	21	netherlands	netherlands	PROPN
issue-1803	280	22	,	,	PUNCT
issue-1803	280	23	is	be	AUX
issue-1803	280	24	their	their	PRON
issue-1803	280	25	offshore	offshore	ADJ
issue-1803	280	26	financial	financial	ADJ
issue-1803	280	27	services	service	NOUN
issue-1803	280	28	,	,	PUNCT
issue-1803	280	29	including	include	VERB
issue-1803	280	30	offshore	offshore	ADJ
issue-1803	280	31	investment	investment	NOUN
issue-1803	280	32	funds	fund	NOUN
issue-1803	280	33	.	.	PUNCT
issue-1803	281	1	moreover	moreover	ADV
issue-1803	281	2	,	,	PUNCT
issue-1803	281	3	while	while	SCONJ
issue-1803	281	4	developed	develop	VERB
issue-1803	281	5	markets	market	NOUN
issue-1803	281	6	have	have	AUX
issue-1803	281	7	been	be	AUX
issue-1803	281	8	divided	divide	VERB
issue-1803	281	9	into	into	ADP
issue-1803	281	10	three	three	NUM
issue-1803	281	11	different	different	ADJ
issue-1803	281	12	clusters	cluster	NOUN
issue-1803	281	13	,	,	PUNCT
issue-1803	281	14	most	most	ADJ
issue-1803	281	15	emerging	emerge	VERB
issue-1803	281	16	markets	market	NOUN
issue-1803	281	17	have	have	AUX
issue-1803	281	18	been	be	AUX
issue-1803	281	19	combined	combine	VERB
issue-1803	281	20	into	into	ADP
issue-1803	281	21	one	one	NUM
issue-1803	281	22	cluster	cluster	NOUN
issue-1803	281	23	.	.	PUNCT
issue-1803	282	1	this	this	PRON
issue-1803	282	2	might	might	AUX
issue-1803	282	3	suggest	suggest	VERB
issue-1803	282	4	that	that	SCONJ
issue-1803	282	5	emerging	emerge	VERB
issue-1803	282	6	markets	market	NOUN
issue-1803	282	7	are	be	AUX
issue-1803	282	8	more	more	ADV
issue-1803	282	9	homogeneous	homogeneous	ADJ
issue-1803	282	10	in	in	ADP
issue-1803	282	11	terms	term	NOUN
issue-1803	282	12	of	of	ADP
issue-1803	282	13	model	model	NOUN
issue-1803	282	14	variables	variable	NOUN
issue-1803	282	15	,	,	PUNCT
issue-1803	282	16	while	while	SCONJ
issue-1803	282	17	developed	developed	ADJ
issue-1803	282	18	markets	market	NOUN
issue-1803	282	19	are	be	AUX
issue-1803	282	20	more	more	ADV
issue-1803	282	21	heterogeneous	heterogeneous	ADJ
issue-1803	282	22	for	for	ADP
issue-1803	282	23	some	some	DET
issue-1803	282	24	reason	reason	NOUN
issue-1803	282	25	(	(	PUNCT
issue-1803	282	26	for	for	ADP
issue-1803	282	27	example	example	NOUN
issue-1803	282	28	,	,	PUNCT
issue-1803	282	29	there	there	PRON
issue-1803	282	30	are	be	VERB
issue-1803	282	31	some	some	DET
issue-1803	282	32	financial	financial	ADJ
issue-1803	282	33	inequalities	inequality	NOUN
issue-1803	282	34	between	between	ADP
issue-1803	282	35	developed	develop	VERB
issue-1803	282	36	markets	market	NOUN
issue-1803	282	37	,	,	PUNCT
issue-1803	282	38	or	or	CCONJ
issue-1803	282	39	portfolio	portfolio	NOUN
issue-1803	282	40	investment	investment	NOUN
issue-1803	282	41	flows	flow	NOUN
issue-1803	282	42	are	be	AUX
issue-1803	282	43	unbalanced	unbalanced	ADJ
issue-1803	282	44	)	)	PUNCT
issue-1803	282	45	.	.	PUNCT
issue-1803	283	1	however	however	ADV
issue-1803	283	2	,	,	PUNCT
issue-1803	283	3	only	only	ADV
issue-1803	283	4	the	the	DET
issue-1803	283	5	baltic	baltic	ADJ
issue-1803	283	6	journal	journal	PROPN
issue-1803	283	7	of	of	ADP
issue-1803	283	8	economic	economic	ADJ
issue-1803	283	9	studies	study	NOUN
issue-1803	283	10	62	62	NUM
issue-1803	283	11	vol	vol	NOUN
issue-1803	283	12	.	.	PROPN
issue-1803	283	13	8	8	NUM
issue-1803	284	1	no	no	NOUN
issue-1803	284	2	.	.	NOUN
issue-1803	285	1	3	3	NUM
issue-1803	285	2	,	,	PUNCT
issue-1803	285	3	2022	2022	NUM
issue-1803	285	4	five	five	NUM
issue-1803	285	5	-	-	PUNCT
issue-1803	285	6	cluster	cluster	NOUN
issue-1803	285	7	model	model	NOUN
issue-1803	285	8	differentiates	differentiate	VERB
issue-1803	285	9	emerging	emerge	VERB
issue-1803	285	10	markets	market	NOUN
issue-1803	285	11	into	into	ADP
issue-1803	285	12	two	two	NUM
issue-1803	285	13	clusters	cluster	NOUN
issue-1803	285	14	,	,	PUNCT
issue-1803	285	15	with	with	ADP
issue-1803	285	16	one	one	NUM
issue-1803	285	17	cluster	cluster	NOUN
issue-1803	285	18	having	have	VERB
issue-1803	285	19	about	about	ADP
issue-1803	285	20	14	14	NUM
issue-1803	285	21	%	%	NOUN
issue-1803	285	22	international	international	ADJ
issue-1803	285	23	diversification	diversification	NOUN
issue-1803	285	24	and	and	CCONJ
issue-1803	285	25	the	the	DET
issue-1803	285	26	second	second	ADJ
issue-1803	285	27	cluster	cluster	NOUN
issue-1803	285	28	having	have	VERB
issue-1803	285	29	about	about	ADP
issue-1803	285	30	2.5	2.5	NUM
issue-1803	285	31	%	%	NOUN
issue-1803	285	32	international	international	ADJ
issue-1803	285	33	diversification	diversification	NOUN
issue-1803	285	34	.	.	PUNCT
issue-1803	286	1	the	the	DET
issue-1803	286	2	second	second	ADJ
issue-1803	286	3	hypothesis	hypothesis	NOUN
issue-1803	286	4	is	be	AUX
issue-1803	286	5	that	that	SCONJ
issue-1803	286	6	markets	market	NOUN
issue-1803	286	7	that	that	PRON
issue-1803	286	8	are	be	AUX
issue-1803	286	9	domestic	domestic	ADJ
issue-1803	286	10	to	to	ADP
issue-1803	286	11	investors	investor	NOUN
issue-1803	286	12	with	with	ADP
issue-1803	286	13	a	a	DET
issue-1803	286	14	higher	high	ADJ
issue-1803	286	15	level	level	NOUN
issue-1803	286	16	of	of	ADP
issue-1803	286	17	international	international	ADJ
issue-1803	286	18	diversification	diversification	NOUN
issue-1803	286	19	have	have	VERB
issue-1803	286	20	a	a	DET
issue-1803	286	21	higher	high	ADJ
issue-1803	286	22	rate	rate	NOUN
issue-1803	286	23	of	of	ADP
issue-1803	286	24	return	return	NOUN
issue-1803	286	25	and	and	CCONJ
issue-1803	286	26	a	a	DET
issue-1803	286	27	lower	low	ADJ
issue-1803	286	28	level	level	NOUN
issue-1803	286	29	of	of	ADP
issue-1803	286	30	risk	risk	NOUN
issue-1803	286	31	.	.	PUNCT
issue-1803	287	1	however	however	ADV
issue-1803	287	2	,	,	PUNCT
issue-1803	287	3	the	the	DET
issue-1803	287	4	results	result	NOUN
issue-1803	287	5	of	of	ADP
issue-1803	287	6	clustering	cluster	VERB
issue-1803	287	7	with	with	ADP
issue-1803	287	8	different	different	ADJ
issue-1803	287	9	k	k	ADJ
issue-1803	287	10	-	-	PUNCT
issue-1803	287	11	numbers	number	NOUN
issue-1803	287	12	leave	leave	VERB
issue-1803	287	13	some	some	DET
issue-1803	287	14	doubt	doubt	NOUN
issue-1803	287	15	about	about	ADP
issue-1803	287	16	this	this	DET
issue-1803	287	17	hypothesis	hypothesis	NOUN
issue-1803	287	18	.	.	PUNCT
issue-1803	288	1	the	the	DET
issue-1803	288	2	two	two	NUM
issue-1803	288	3	-	-	PUNCT
issue-1803	288	4	cluster	cluster	NOUN
issue-1803	288	5	model	model	NOUN
issue-1803	288	6	clearly	clearly	ADV
issue-1803	288	7	shows	show	VERB
issue-1803	288	8	that	that	SCONJ
issue-1803	288	9	developed	develop	VERB
issue-1803	288	10	markets	market	NOUN
issue-1803	288	11	have	have	VERB
issue-1803	288	12	higher	high	ADJ
issue-1803	288	13	rates	rate	NOUN
issue-1803	288	14	of	of	ADP
issue-1803	288	15	return	return	NOUN
issue-1803	288	16	and	and	CCONJ
issue-1803	288	17	international	international	ADJ
issue-1803	288	18	diversification	diversification	NOUN
issue-1803	288	19	with	with	ADP
issue-1803	288	20	lower	low	ADJ
issue-1803	288	21	rates	rate	NOUN
issue-1803	288	22	of	of	ADP
issue-1803	288	23	risk	risk	NOUN
issue-1803	288	24	.	.	PUNCT
issue-1803	289	1	however	however	ADV
issue-1803	289	2	,	,	PUNCT
issue-1803	289	3	the	the	DET
issue-1803	289	4	results	result	NOUN
issue-1803	289	5	from	from	ADP
issue-1803	289	6	the	the	DET
issue-1803	289	7	other	other	ADJ
issue-1803	289	8	two	two	NUM
issue-1803	289	9	models	model	NOUN
issue-1803	289	10	again	again	ADV
issue-1803	289	11	point	point	VERB
issue-1803	289	12	to	to	ADP
issue-1803	289	13	significant	significant	ADJ
issue-1803	289	14	intra	intra	ADJ
issue-1803	289	15	-	-	ADJ
issue-1803	289	16	group	group	NOUN
issue-1803	289	17	differences	difference	NOUN
issue-1803	289	18	.	.	PUNCT
issue-1803	290	1	the	the	DET
issue-1803	290	2	best	good	ADJ
issue-1803	290	3	international	international	ADJ
issue-1803	290	4	diversification	diversification	NOUN
issue-1803	290	5	performance	performance	NOUN
issue-1803	290	6	of	of	ADP
issue-1803	290	7	investors	investor	NOUN
issue-1803	290	8	from	from	ADP
issue-1803	290	9	developed	developed	ADJ
issue-1803	290	10	markets	market	NOUN
issue-1803	290	11	is	be	AUX
issue-1803	290	12	not	not	PART
issue-1803	290	13	always	always	ADV
issue-1803	290	14	followed	follow	VERB
issue-1803	290	15	by	by	ADP
issue-1803	290	16	the	the	DET
issue-1803	290	17	best	good	ADJ
issue-1803	290	18	stock	stock	NOUN
issue-1803	290	19	performance	performance	NOUN
issue-1803	290	20	in	in	ADP
issue-1803	290	21	these	these	DET
issue-1803	290	22	markets	market	NOUN
issue-1803	290	23	.	.	PUNCT
issue-1803	291	1	based	base	VERB
issue-1803	291	2	on	on	ADP
issue-1803	291	3	the	the	DET
issue-1803	291	4	four	four	NUM
issue-1803	291	5	cluster	cluster	NOUN
issue-1803	291	6	model	model	NOUN
issue-1803	291	7	,	,	PUNCT
issue-1803	291	8	the	the	DET
issue-1803	291	9	best	good	ADJ
issue-1803	291	10	risk	risk	NOUN
issue-1803	291	11	-	-	PUNCT
issue-1803	291	12	return	return	NOUN
issue-1803	291	13	ratio	ratio	NOUN
issue-1803	291	14	(	(	PUNCT
issue-1803	291	15	0.46	0.46	NUM
issue-1803	291	16	%	%	NOUN
issue-1803	291	17	return	return	NOUN
issue-1803	291	18	,	,	PUNCT
issue-1803	291	19	5.56	5.56	NUM
issue-1803	291	20	%	%	NOUN
issue-1803	291	21	risk	risk	NOUN
issue-1803	291	22	)	)	PUNCT
issue-1803	291	23	is	be	AUX
issue-1803	291	24	observed	observe	VERB
issue-1803	291	25	for	for	ADP
issue-1803	291	26	markets	market	NOUN
issue-1803	291	27	from	from	ADP
issue-1803	291	28	the	the	DET
issue-1803	291	29	cluster	cluster	NOUN
issue-1803	291	30	with	with	ADP
issue-1803	291	31	medium	medium	ADJ
issue-1803	291	32	international	international	ADJ
issue-1803	291	33	diversification	diversification	NOUN
issue-1803	291	34	.	.	PUNCT
issue-1803	292	1	while	while	SCONJ
issue-1803	292	2	the	the	DET
issue-1803	292	3	markets	market	NOUN
issue-1803	292	4	in	in	ADP
issue-1803	292	5	the	the	DET
issue-1803	292	6	cluster	cluster	NOUN
issue-1803	292	7	with	with	ADP
issue-1803	292	8	the	the	DET
issue-1803	292	9	highest	high	ADJ
issue-1803	292	10	level	level	NOUN
issue-1803	292	11	of	of	ADP
issue-1803	292	12	international	international	ADJ
issue-1803	292	13	diversification	diversification	NOUN
issue-1803	292	14	have	have	VERB
issue-1803	292	15	unjustifiably	unjustifiably	ADV
issue-1803	292	16	high	high	ADJ
issue-1803	292	17	risk	risk	NOUN
issue-1803	292	18	indicators	indicator	NOUN
issue-1803	292	19	,	,	PUNCT
issue-1803	292	20	which	which	PRON
issue-1803	292	21	are	be	AUX
issue-1803	292	22	not	not	PART
issue-1803	292	23	compensated	compensate	VERB
issue-1803	292	24	by	by	ADP
issue-1803	292	25	the	the	DET
issue-1803	292	26	best	good	ADJ
issue-1803	292	27	yield	yield	NOUN
issue-1803	292	28	(	(	PUNCT
issue-1803	292	29	yield	yield	NOUN
issue-1803	292	30	–	–	PUNCT
issue-1803	292	31	0.45	0.45	NUM
issue-1803	292	32	%	%	NOUN
issue-1803	292	33	,	,	PUNCT
issue-1803	292	34	risk	risk	NOUN
issue-1803	292	35	–	–	PUNCT
issue-1803	292	36	6.67	6.67	NUM
issue-1803	292	37	%	%	NOUN
issue-1803	292	38	)	)	PUNCT
issue-1803	292	39	.	.	PUNCT
issue-1803	293	1	with	with	ADP
issue-1803	293	2	almost	almost	ADV
issue-1803	293	3	the	the	DET
issue-1803	293	4	same	same	ADJ
issue-1803	293	5	rates	rate	NOUN
issue-1803	293	6	of	of	ADP
issue-1803	293	7	return	return	NOUN
issue-1803	293	8	,	,	PUNCT
issue-1803	293	9	the	the	DET
issue-1803	293	10	level	level	NOUN
issue-1803	293	11	of	of	ADP
issue-1803	293	12	risk	risk	NOUN
issue-1803	293	13	is	be	AUX
issue-1803	293	14	higher	high	ADJ
issue-1803	293	15	by	by	ADP
issue-1803	293	16	almost	almost	ADV
issue-1803	293	17	one	one	NUM
issue-1803	293	18	percent	percent	NOUN
issue-1803	293	19	.	.	PUNCT
issue-1803	294	1	at	at	ADP
issue-1803	294	2	the	the	DET
issue-1803	294	3	same	same	ADJ
issue-1803	294	4	time	time	NOUN
issue-1803	294	5	,	,	PUNCT
issue-1803	294	6	markets	market	NOUN
issue-1803	294	7	from	from	ADP
issue-1803	294	8	the	the	DET
issue-1803	294	9	cluster	cluster	NOUN
issue-1803	294	10	with	with	ADP
issue-1803	294	11	a	a	DET
issue-1803	294	12	lower	low	ADJ
issue-1803	294	13	level	level	NOUN
issue-1803	294	14	of	of	ADP
issue-1803	294	15	international	international	ADJ
issue-1803	294	16	diversification	diversification	NOUN
issue-1803	294	17	have	have	VERB
issue-1803	294	18	unreasonably	unreasonably	ADV
issue-1803	294	19	low	low	ADJ
issue-1803	294	20	rates	rate	NOUN
issue-1803	294	21	of	of	ADP
issue-1803	294	22	return	return	NOUN
issue-1803	294	23	,	,	PUNCT
issue-1803	294	24	not	not	PART
issue-1803	294	25	accompanied	accompany	VERB
issue-1803	294	26	by	by	ADP
issue-1803	294	27	correspondingly	correspondingly	ADV
issue-1803	294	28	lower	low	ADJ
issue-1803	294	29	risks	risk	NOUN
issue-1803	294	30	(	(	PUNCT
issue-1803	294	31	return	return	NOUN
issue-1803	294	32	–	–	PUNCT
issue-1803	294	33	0.24	0.24	NUM
issue-1803	294	34	%	%	NOUN
issue-1803	294	35	,	,	PUNCT
issue-1803	294	36	risk	risk	NOUN
issue-1803	294	37	–	–	PUNCT
issue-1803	294	38	5.87	5.87	NUM
issue-1803	294	39	%	%	NOUN
issue-1803	294	40	)	)	PUNCT
issue-1803	294	41	.	.	PUNCT
issue-1803	295	1	the	the	DET
issue-1803	295	2	reasons	reason	NOUN
issue-1803	295	3	for	for	ADP
issue-1803	295	4	these	these	DET
issue-1803	295	5	conclusions	conclusion	NOUN
issue-1803	295	6	may	may	AUX
issue-1803	295	7	be	be	AUX
issue-1803	295	8	very	very	ADV
issue-1803	295	9	different	different	ADJ
issue-1803	295	10	.	.	PUNCT
issue-1803	296	1	nevertheless	nevertheless	ADV
issue-1803	296	2	,	,	PUNCT
issue-1803	296	3	one	one	NUM
issue-1803	296	4	of	of	ADP
issue-1803	296	5	the	the	DET
issue-1803	296	6	possible	possible	ADJ
issue-1803	296	7	obvious	obvious	ADJ
issue-1803	296	8	explanations	explanation	NOUN
issue-1803	296	9	for	for	ADP
issue-1803	296	10	the	the	DET
issue-1803	296	11	low	low	ADJ
issue-1803	296	12	level	level	NOUN
issue-1803	296	13	of	of	ADP
issue-1803	296	14	international	international	ADJ
issue-1803	296	15	diversification	diversification	NOUN
issue-1803	296	16	is	be	AUX
issue-1803	296	17	the	the	DET
issue-1803	296	18	high	high	ADJ
issue-1803	296	19	level	level	NOUN
issue-1803	296	20	of	of	ADP
issue-1803	296	21	listing	listing	NOUN
issue-1803	296	22	of	of	ADP
issue-1803	296	23	multinational	multinational	ADJ
issue-1803	296	24	companies	company	NOUN
issue-1803	296	25	on	on	ADP
issue-1803	296	26	the	the	DET
issue-1803	296	27	stock	stock	NOUN
issue-1803	296	28	exchanges	exchange	NOUN
issue-1803	296	29	of	of	ADP
issue-1803	296	30	a	a	DET
issue-1803	296	31	number	number	NOUN
issue-1803	296	32	of	of	ADP
issue-1803	296	33	developed	develop	VERB
issue-1803	296	34	markets	market	NOUN
issue-1803	296	35	.	.	PUNCT
issue-1803	297	1	for	for	ADP
issue-1803	297	2	emerging	emerge	VERB
issue-1803	297	3	markets	market	NOUN
issue-1803	297	4	,	,	PUNCT
issue-1803	297	5	the	the	DET
issue-1803	297	6	two	two	NUM
issue-1803	297	7	-	-	PUNCT
issue-1803	297	8	cluster	cluster	NOUN
issue-1803	297	9	and	and	CCONJ
issue-1803	297	10	four	four	NUM
issue-1803	297	11	-	-	PUNCT
issue-1803	297	12	cluster	cluster	NOUN
issue-1803	297	13	models	model	NOUN
issue-1803	297	14	indicate	indicate	VERB
issue-1803	297	15	a	a	DET
issue-1803	297	16	tendency	tendency	NOUN
issue-1803	297	17	for	for	SCONJ
issue-1803	297	18	markets	market	NOUN
issue-1803	297	19	with	with	ADP
issue-1803	297	20	lower	low	ADJ
issue-1803	297	21	levels	level	NOUN
issue-1803	297	22	of	of	ADP
issue-1803	297	23	international	international	ADJ
issue-1803	297	24	diversification	diversification	NOUN
issue-1803	297	25	(	(	PUNCT
issue-1803	297	26	e.g.	e.g.	ADV
issue-1803	297	27	,	,	PUNCT
issue-1803	297	28	lower	low	ADJ
issue-1803	297	29	levels	level	NOUN
issue-1803	297	30	of	of	ADP
issue-1803	297	31	global	global	ADJ
issue-1803	297	32	financial	financial	ADJ
issue-1803	297	33	integration	integration	NOUN
issue-1803	297	34	)	)	PUNCT
issue-1803	297	35	to	to	PART
issue-1803	297	36	have	have	AUX
issue-1803	297	37	lower	low	ADJ
issue-1803	297	38	returns	return	NOUN
issue-1803	297	39	and	and	CCONJ
issue-1803	297	40	higher	high	ADJ
issue-1803	297	41	risk	risk	NOUN
issue-1803	297	42	.	.	PUNCT
issue-1803	298	1	for	for	ADP
issue-1803	298	2	the	the	DET
issue-1803	298	3	two	two	NUM
issue-1803	298	4	-	-	PUNCT
issue-1803	298	5	cluster	cluster	NOUN
issue-1803	298	6	model	model	NOUN
issue-1803	298	7	,	,	PUNCT
issue-1803	298	8	the	the	DET
issue-1803	298	9	return	return	NOUN
issue-1803	298	10	is	be	AUX
issue-1803	298	11	0.05	0.05	NUM
issue-1803	298	12	%	%	NOUN
issue-1803	298	13	and	and	CCONJ
issue-1803	298	14	the	the	DET
issue-1803	298	15	risk	risk	NOUN
issue-1803	298	16	is	be	AUX
issue-1803	298	17	7.65	7.65	NUM
issue-1803	298	18	%	%	NOUN
issue-1803	298	19	,	,	PUNCT
issue-1803	298	20	while	while	SCONJ
issue-1803	298	21	for	for	ADP
issue-1803	298	22	the	the	DET
issue-1803	298	23	four	four	NUM
issue-1803	298	24	-	-	PUNCT
issue-1803	298	25	cluster	cluster	NOUN
issue-1803	298	26	model	model	NOUN
issue-1803	298	27	the	the	DET
issue-1803	298	28	return	return	NOUN
issue-1803	298	29	is	be	AUX
issue-1803	298	30	0.03	0.03	NUM
issue-1803	298	31	%	%	NOUN
issue-1803	298	32	and	and	CCONJ
issue-1803	298	33	the	the	DET
issue-1803	298	34	risk	risk	NOUN
issue-1803	298	35	is	be	AUX
issue-1803	298	36	8.18	8.18	NUM
issue-1803	298	37	%	%	NOUN
issue-1803	298	38	.	.	PUNCT
issue-1803	299	1	however	however	ADV
issue-1803	299	2	,	,	PUNCT
issue-1803	299	3	the	the	DET
issue-1803	299	4	five	five	NUM
issue-1803	299	5	-	-	PUNCT
issue-1803	299	6	cluster	cluster	NOUN
issue-1803	299	7	model	model	NOUN
issue-1803	299	8	divides	divide	VERB
issue-1803	299	9	emerging	emerge	VERB
issue-1803	299	10	markets	market	NOUN
issue-1803	299	11	into	into	ADP
issue-1803	299	12	two	two	NUM
issue-1803	299	13	clusters	cluster	NOUN
issue-1803	299	14	(	(	PUNCT
issue-1803	299	15	clusters	cluster	NOUN
issue-1803	299	16	№	№	VERB
issue-1803	299	17	4	4	NUM
issue-1803	299	18	and	and	CCONJ
issue-1803	299	19	5	5	NUM
issue-1803	299	20	)	)	PUNCT
issue-1803	299	21	.	.	PUNCT
issue-1803	300	1	cluster	cluster	NOUN
issue-1803	300	2	№	№	ADP
issue-1803	300	3	5	5	NUM
issue-1803	300	4	has	have	VERB
issue-1803	300	5	the	the	DET
issue-1803	300	6	lowest	low	ADJ
issue-1803	300	7	level	level	NOUN
issue-1803	300	8	of	of	ADP
issue-1803	300	9	international	international	ADJ
issue-1803	300	10	diversification	diversification	NOUN
issue-1803	300	11	with	with	ADP
issue-1803	300	12	a	a	DET
issue-1803	300	13	rate	rate	NOUN
issue-1803	300	14	of	of	ADP
issue-1803	300	15	return	return	NOUN
issue-1803	300	16	of	of	ADP
issue-1803	300	17	0.07	0.07	NUM
issue-1803	300	18	%	%	NOUN
issue-1803	300	19	and	and	CCONJ
issue-1803	300	20	a	a	DET
issue-1803	300	21	risk	risk	NOUN
issue-1803	300	22	rate	rate	NOUN
issue-1803	300	23	of	of	ADP
issue-1803	300	24	7.50	7.50	NUM
issue-1803	300	25	%	%	NOUN
issue-1803	300	26	.	.	PUNCT
issue-1803	301	1	on	on	ADP
issue-1803	301	2	the	the	DET
issue-1803	301	3	contrary	contrary	NOUN
issue-1803	301	4	,	,	PUNCT
issue-1803	301	5	cluster	cluster	NOUN
issue-1803	301	6	№	№	NOUN
issue-1803	301	7	4	4	NUM
issue-1803	301	8	has	have	VERB
issue-1803	301	9	six	six	NUM
issue-1803	301	10	times	time	NOUN
issue-1803	301	11	higher	high	ADJ
issue-1803	301	12	international	international	ADJ
issue-1803	301	13	diversification	diversification	NOUN
issue-1803	301	14	,	,	PUNCT
issue-1803	301	15	but	but	CCONJ
issue-1803	301	16	its	its	PRON
issue-1803	301	17	rate	rate	NOUN
issue-1803	301	18	of	of	ADP
issue-1803	301	19	return	return	NOUN
issue-1803	301	20	is	be	AUX
issue-1803	301	21	negative	negative	ADJ
issue-1803	301	22	(	(	PUNCT
issue-1803	301	23	-0.11	-0.11	NUM
issue-1803	301	24	%	%	NOUN
issue-1803	301	25	)	)	PUNCT
issue-1803	301	26	and	and	CCONJ
issue-1803	301	27	its	its	PRON
issue-1803	301	28	risk	risk	NOUN
issue-1803	301	29	rate	rate	NOUN
issue-1803	301	30	is	be	AUX
issue-1803	301	31	higher	high	ADJ
issue-1803	301	32	than	than	ADP
issue-1803	301	33	that	that	PRON
issue-1803	301	34	of	of	ADP
issue-1803	301	35	cluster	cluster	NOUN
issue-1803	301	36	№	№	ADP
issue-1803	301	37	5	5	NUM
issue-1803	301	38	.	.	PUNCT
issue-1803	301	39	one	one	NUM
issue-1803	301	40	likely	likely	ADJ
issue-1803	301	41	reason	reason	NOUN
issue-1803	301	42	for	for	ADP
issue-1803	301	43	this	this	DET
issue-1803	301	44	discrepancy	discrepancy	NOUN
issue-1803	301	45	is	be	AUX
issue-1803	301	46	that	that	SCONJ
issue-1803	301	47	a	a	DET
issue-1803	301	48	market	market	NOUN
issue-1803	301	49	with	with	ADP
issue-1803	301	50	a	a	DET
issue-1803	301	51	negative	negative	ADJ
issue-1803	301	52	rate	rate	NOUN
issue-1803	301	53	of	of	ADP
issue-1803	301	54	return	return	NOUN
issue-1803	301	55	encourages	encourage	VERB
issue-1803	301	56	international	international	ADJ
issue-1803	301	57	diversification	diversification	NOUN
issue-1803	301	58	in	in	ADP
issue-1803	301	59	investors	investor	NOUN
issue-1803	301	60	'	'	PART
issue-1803	301	61	portfolios	portfolio	NOUN
issue-1803	301	62	.	.	PUNCT
issue-1803	302	1	author	author	NOUN
issue-1803	302	2	contributions	contribution	VERB
issue-1803	302	3	pavlo	pavlo	PROPN
issue-1803	302	4	dziuba	dziuba	PROPN
issue-1803	302	5	:	:	PUNCT
issue-1803	302	6	term	term	NOUN
issue-1803	302	7	,	,	PUNCT
issue-1803	302	8	conceptualization	conceptualization	NOUN
issue-1803	302	9	,	,	PUNCT
issue-1803	302	10	methodology	methodology	NOUN
issue-1803	302	11	,	,	PUNCT
issue-1803	302	12	formal	formal	ADJ
issue-1803	302	13	analysis	analysis	NOUN
issue-1803	302	14	,	,	PUNCT
issue-1803	302	15	supervision	supervision	NOUN
issue-1803	302	16	,	,	PUNCT
issue-1803	302	17	writing	write	VERB
issue-1803	302	18	–	–	PUNCT
issue-1803	302	19	original	original	ADJ
issue-1803	302	20	draft	draft	NOUN
issue-1803	302	21	,	,	PUNCT
issue-1803	302	22	writing	writing	NOUN
issue-1803	302	23	–	–	PUNCT
issue-1803	302	24	review	review	NOUN
issue-1803	302	25	and	and	CCONJ
issue-1803	302	26	editing	editing	NOUN
issue-1803	302	27	.	.	PUNCT
issue-1803	303	1	darya	darya	PROPN
issue-1803	303	2	glukhova	glukhova	NOUN
issue-1803	303	3	:	:	PUNCT
issue-1803	303	4	literature	literature	PROPN
issue-1803	303	5	review	review	PROPN
issue-1803	303	6	,	,	PUNCT
issue-1803	303	7	methodology	methodology	NOUN
issue-1803	303	8	,	,	PUNCT
issue-1803	303	9	formal	formal	ADJ
issue-1803	303	10	analysis	analysis	NOUN
issue-1803	303	11	,	,	PUNCT
issue-1803	303	12	writing	writing	NOUN
issue-1803	303	13	–	–	PUNCT
issue-1803	303	14	original	original	ADJ
issue-1803	303	15	draft	draft	NOUN
issue-1803	303	16	.	.	PUNCT
issue-1803	304	1	kyryl	kyryl	PROPN
issue-1803	304	2	shtogrin	shtogrin	NOUN
issue-1803	304	3	:	:	PUNCT
issue-1803	304	4	literature	literature	PROPN
issue-1803	304	5	review	review	PROPN
issue-1803	304	6	,	,	PUNCT
issue-1803	304	7	formal	formal	ADJ
issue-1803	304	8	analysis	analysis	NOUN
issue-1803	304	9	,	,	PUNCT
issue-1803	304	10	writing	writing	NOUN
issue-1803	304	11	–	–	PUNCT
issue-1803	304	12	original	original	ADJ
issue-1803	304	13	draft	draft	NOUN
issue-1803	304	14	.	.	PUNCT
issue-1803	305	1	references	reference	NOUN
issue-1803	305	2	:	:	PUNCT
issue-1803	305	3	ahearne	ahearne	ADJ
issue-1803	305	4	,	,	PUNCT
issue-1803	305	5	a.	a.	NOUN
issue-1803	305	6	,	,	PUNCT
issue-1803	305	7	griever	griever	PROPN
issue-1803	305	8	,	,	PUNCT
issue-1803	305	9	w.	w.	PROPN
issue-1803	305	10	,	,	PUNCT
issue-1803	305	11	&	&	CCONJ
issue-1803	305	12	warnock	warnock	PROPN
issue-1803	305	13	,	,	PUNCT
issue-1803	305	14	f.	f.	PROPN
issue-1803	305	15	(	(	PUNCT
issue-1803	305	16	2001	2001	NUM
issue-1803	305	17	)	)	PUNCT
issue-1803	305	18	.	.	PUNCT
issue-1803	306	1	information	information	NOUN
issue-1803	306	2	costs	cost	NOUN
issue-1803	306	3	and	and	CCONJ
issue-1803	306	4	home	home	NOUN
issue-1803	306	5	bias	bias	NOUN
issue-1803	306	6	:	:	PUNCT
issue-1803	306	7	an	an	DET
issue-1803	306	8	analysis	analysis	NOUN
issue-1803	306	9	of	of	ADP
issue-1803	306	10	us	us	PROPN
issue-1803	306	11	holdings	holding	NOUN
issue-1803	306	12	of	of	ADP
issue-1803	306	13	foreign	foreign	ADJ
issue-1803	306	14	equities	equity	NOUN
issue-1803	306	15	,	,	PUNCT
issue-1803	306	16	federal	federal	PROPN
issue-1803	306	17	reserve	reserve	PROPN
issue-1803	306	18	board	board	PROPN
issue-1803	306	19	.	.	PUNCT
issue-1803	307	1	international	international	ADJ
issue-1803	307	2	finance	finance	NOUN
issue-1803	307	3	division	division	NOUN
issue-1803	307	4	,	,	PUNCT
issue-1803	307	5	working	working	NOUN
issue-1803	307	6	paper	paper	NOUN
issue-1803	307	7	,	,	PUNCT
issue-1803	307	8	691	691	NUM
issue-1803	307	9	p.	p.	NOUN
issue-1803	307	10	baker	baker	PROPN
issue-1803	307	11	,	,	PUNCT
issue-1803	307	12	h.	h.	PROPN
issue-1803	307	13	k.	k.	PROPN
issue-1803	307	14	,	,	PUNCT
issue-1803	307	15	&	&	CCONJ
issue-1803	307	16	nofsinger	nofsinger	PROPN
issue-1803	307	17	,	,	PUNCT
issue-1803	307	18	j.	j.	PROPN
issue-1803	307	19	r.	r.	PROPN
issue-1803	307	20	(	(	PUNCT
issue-1803	307	21	eds	eds	PROPN
issue-1803	307	22	.	.	PUNCT
issue-1803	307	23	)	)	PUNCT
issue-1803	308	1	(	(	PUNCT
issue-1803	308	2	2010	2010	NUM
issue-1803	308	3	)	)	PUNCT
issue-1803	308	4	.	.	PUNCT
issue-1803	309	1	behavioral	behavioral	ADJ
issue-1803	309	2	finance	finance	NOUN
issue-1803	309	3	:	:	PUNCT
issue-1803	309	4	investors	investor	NOUN
issue-1803	309	5	,	,	PUNCT
issue-1803	309	6	corporations	corporation	NOUN
issue-1803	309	7	,	,	PUNCT
issue-1803	309	8	and	and	CCONJ
issue-1803	309	9	markets	market	NOUN
issue-1803	309	10	(	(	PUNCT
issue-1803	309	11	vol	vol	NOUN
issue-1803	309	12	.	.	NOUN
issue-1803	309	13	6	6	NUM
issue-1803	309	14	)	)	PUNCT
issue-1803	309	15	.	.	PUNCT
issue-1803	310	1	john	john	PROPN
issue-1803	310	2	wiley	wiley	PROPN
issue-1803	310	3	&	&	CCONJ
issue-1803	310	4	sons	sons	PROPN
issue-1803	310	5	.	.	PUNCT
issue-1803	311	1	biais	biais	PROPN
issue-1803	311	2	,	,	PUNCT
issue-1803	311	3	b.	b.	PROPN
issue-1803	311	4	,	,	PUNCT
issue-1803	311	5	&	&	CCONJ
issue-1803	311	6	weber	weber	PROPN
issue-1803	311	7	,	,	PUNCT
issue-1803	311	8	m.	m.	NOUN
issue-1803	311	9	(	(	PUNCT
issue-1803	311	10	2009	2009	NUM
issue-1803	311	11	)	)	PUNCT
issue-1803	311	12	.	.	PUNCT
issue-1803	312	1	hindsight	hindsight	ADJ
issue-1803	312	2	bias	bias	NOUN
issue-1803	312	3	,	,	PUNCT
issue-1803	312	4	risk	risk	NOUN
issue-1803	312	5	perception	perception	NOUN
issue-1803	312	6	,	,	PUNCT
issue-1803	312	7	and	and	CCONJ
issue-1803	312	8	investment	investment	NOUN
issue-1803	312	9	performance	performance	NOUN
issue-1803	312	10	.	.	PUNCT
issue-1803	313	1	management	management	NOUN
issue-1803	313	2	science	science	NOUN
issue-1803	313	3	,	,	PUNCT
issue-1803	313	4	vol	vol	NOUN
issue-1803	313	5	.	.	PUNCT
issue-1803	313	6	55(6	55(6	NUM
issue-1803	313	7	)	)	PUNCT
issue-1803	313	8	,	,	PUNCT
issue-1803	313	9	pp	pp	PROPN
issue-1803	313	10	.	.	PUNCT
issue-1803	313	11	1018–1029	1018–1029	NUM
issue-1803	313	12	.	.	PUNCT
issue-1803	314	1	boermans	boerman	NOUN
issue-1803	314	2	,	,	PUNCT
issue-1803	314	3	m.	m.	NOUN
issue-1803	314	4	,	,	PUNCT
issue-1803	314	5	cooper	cooper	PROPN
issue-1803	314	6	,	,	PUNCT
issue-1803	314	7	i.	i.	PROPN
issue-1803	314	8	,	,	PUNCT
issue-1803	314	9	sercu	sercu	PROPN
issue-1803	314	10	,	,	PUNCT
issue-1803	314	11	p.	p.	PROPN
issue-1803	314	12	,	,	PUNCT
issue-1803	314	13	&	&	CCONJ
issue-1803	314	14	vanpée	vanpée	ADV
issue-1803	314	15	,	,	PUNCT
issue-1803	314	16	r.	r.	PROPN
issue-1803	314	17	(	(	PUNCT
issue-1803	314	18	2022	2022	NUM
issue-1803	314	19	)	)	PUNCT
issue-1803	314	20	.	.	PUNCT
issue-1803	315	1	foreign	foreign	ADJ
issue-1803	315	2	bias	bias	NOUN
issue-1803	315	3	in	in	ADP
issue-1803	315	4	equity	equity	NOUN
issue-1803	315	5	portfolios	portfolio	NOUN
issue-1803	315	6	:	:	PUNCT
issue-1803	315	7	informational	informational	ADJ
issue-1803	315	8	advantage	advantage	NOUN
issue-1803	315	9	or	or	CCONJ
issue-1803	315	10	familiarity	familiarity	NOUN
issue-1803	315	11	bias	bias	NOUN
issue-1803	315	12	?	?	PUNCT
issue-1803	316	1	de	de	X
issue-1803	316	2	nederlandsche	nederlandsche	PROPN
issue-1803	316	3	bank	bank	PROPN
issue-1803	316	4	working	working	PROPN
issue-1803	316	5	paper	paper	NOUN
issue-1803	316	6	,	,	PUNCT
issue-1803	316	7	vol	vol	NOUN
issue-1803	316	8	.	.	PUNCT
issue-1803	316	9	742	742	NUM
issue-1803	316	10	.	.	X
issue-1803	317	1	bose	bose	PROPN
issue-1803	317	2	,	,	PUNCT
issue-1803	317	3	u.	u.	PROPN
issue-1803	317	4	,	,	PUNCT
issue-1803	317	5	macdonald	macdonald	PROPN
issue-1803	317	6	,	,	PUNCT
issue-1803	317	7	r.	r.	PROPN
issue-1803	317	8	,	,	PUNCT
issue-1803	317	9	&	&	CCONJ
issue-1803	317	10	tsoukas	tsoukas	PROPN
issue-1803	317	11	,	,	PUNCT
issue-1803	317	12	s.	s.	PROPN
issue-1803	317	13	(	(	PUNCT
issue-1803	317	14	2015	2015	NUM
issue-1803	317	15	)	)	PUNCT
issue-1803	317	16	.	.	PUNCT
issue-1803	318	1	education	education	NOUN
issue-1803	318	2	and	and	CCONJ
issue-1803	318	3	the	the	DET
issue-1803	318	4	local	local	ADJ
issue-1803	318	5	equity	equity	NOUN
issue-1803	318	6	bias	bias	NOUN
issue-1803	318	7	around	around	ADP
issue-1803	318	8	the	the	DET
issue-1803	318	9	world	world	NOUN
issue-1803	318	10	.	.	PUNCT
issue-1803	319	1	journal	journal	PROPN
issue-1803	319	2	of	of	ADP
issue-1803	319	3	international	international	ADJ
issue-1803	319	4	financial	financial	ADJ
issue-1803	319	5	markets	market	NOUN
issue-1803	319	6	,	,	PUNCT
issue-1803	319	7	institutions	institution	NOUN
issue-1803	319	8	and	and	CCONJ
issue-1803	319	9	money	money	NOUN
issue-1803	319	10	,	,	PUNCT
issue-1803	319	11	vol	vol	NOUN
issue-1803	319	12	.	.	PROPN
issue-1803	319	13	39	39	NUM
issue-1803	319	14	,	,	PUNCT
issue-1803	319	15	pp	pp	ADJ
issue-1803	319	16	.	.	PUNCT
issue-1803	320	1	65–88	65–88	NUM
issue-1803	320	2	.	.	PUNCT
issue-1803	321	1	breuer	breuer	PROPN
issue-1803	321	2	,	,	PUNCT
issue-1803	321	3	w.	w.	PROPN
issue-1803	321	4	,	,	PUNCT
issue-1803	321	5	&	&	CCONJ
issue-1803	321	6	ruiz	ruiz	PROPN
issue-1803	321	7	de	de	PROPN
issue-1803	321	8	vargas	vargas	PROPN
issue-1803	321	9	,	,	PUNCT
issue-1803	321	10	s.	s.	PROPN
issue-1803	321	11	(	(	PUNCT
issue-1803	321	12	2021	2021	NUM
issue-1803	321	13	)	)	PUNCT
issue-1803	321	14	.	.	PUNCT
issue-1803	322	1	some	some	DET
issue-1803	322	2	key	key	ADJ
issue-1803	322	3	developments	development	NOUN
issue-1803	322	4	in	in	ADP
issue-1803	322	5	international	international	ADJ
issue-1803	322	6	financial	financial	ADJ
issue-1803	322	7	management	management	NOUN
issue-1803	322	8	.	.	PUNCT
issue-1803	323	1	journal	journal	PROPN
issue-1803	323	2	of	of	ADP
issue-1803	323	3	business	business	NOUN
issue-1803	323	4	economics	economic	NOUN
issue-1803	323	5	,	,	PUNCT
issue-1803	323	6	vol	vol	NOUN
issue-1803	323	7	.	.	PROPN
issue-1803	323	8	91(5	91(5	NUM
issue-1803	323	9	)	)	PUNCT
issue-1803	323	10	,	,	PUNCT
issue-1803	323	11	pp	pp	ADP
issue-1803	323	12	.	.	PUNCT
issue-1803	324	1	595–615	595–615	NUM
issue-1803	324	2	.	.	PUNCT
issue-1803	325	1	brooks	brooks	PROPN
issue-1803	325	2	,	,	PUNCT
issue-1803	325	3	m.	m.	NOUN
issue-1803	325	4	,	,	PUNCT
issue-1803	325	5	&	&	CCONJ
issue-1803	325	6	byrne	byrne	PROPN
issue-1803	325	7	,	,	PUNCT
issue-1803	325	8	a.	a.	NOUN
issue-1803	325	9	(	(	PUNCT
issue-1803	325	10	2008	2008	NUM
issue-1803	325	11	)	)	PUNCT
issue-1803	325	12	.	.	PUNCT
issue-1803	326	1	behavioral	behavioral	ADJ
issue-1803	326	2	finance	finance	NOUN
issue-1803	326	3	:	:	PUNCT
issue-1803	326	4	theories	theory	NOUN
issue-1803	326	5	and	and	CCONJ
issue-1803	326	6	evidence	evidence	NOUN
issue-1803	326	7	.	.	PUNCT
issue-1803	327	1	the	the	DET
issue-1803	327	2	research	research	NOUN
issue-1803	327	3	foundation	foundation	PROPN
issue-1803	327	4	of	of	ADP
issue-1803	327	5	cfa	cfa	PROPN
issue-1803	327	6	institute	institute	PROPN
issue-1803	327	7	.	.	PUNCT
issue-1803	328	1	university	university	PROPN
issue-1803	328	2	of	of	ADP
issue-1803	328	3	edinburgh	edinburgh	PROPN
issue-1803	328	4	.	.	PUNCT
issue-1803	329	1	cai	cai	PROPN
issue-1803	329	2	,	,	PUNCT
issue-1803	329	3	f.	f.	PROPN
issue-1803	329	4	,	,	PUNCT
issue-1803	329	5	&	&	CCONJ
issue-1803	329	6	warnock	warnock	PROPN
issue-1803	329	7	,	,	PUNCT
issue-1803	329	8	f.	f.	PROPN
issue-1803	329	9	e.	e.	PROPN
issue-1803	329	10	(	(	PUNCT
issue-1803	329	11	2005	2005	NUM
issue-1803	329	12	)	)	PUNCT
issue-1803	329	13	.	.	PUNCT
issue-1803	330	1	international	international	ADJ
issue-1803	330	2	diversification	diversification	NOUN
issue-1803	330	3	at	at	ADP
issue-1803	330	4	home	home	NOUN
issue-1803	330	5	and	and	CCONJ
issue-1803	330	6	abroad	abroad	ADV
issue-1803	330	7	.	.	PUNCT
issue-1803	331	1	available	available	ADJ
issue-1803	331	2	at	at	ADP
issue-1803	331	3	ssrn	ssrn	NOUN
issue-1803	331	4	2785092	2785092	NUM
issue-1803	331	5	.	.	PUNCT
issue-1803	332	1	chan	chan	PROPN
issue-1803	332	2	,	,	PUNCT
issue-1803	332	3	k.	k.	PROPN
issue-1803	332	4	,	,	PUNCT
issue-1803	332	5	covrig	covrig	PROPN
issue-1803	332	6	,	,	PUNCT
issue-1803	332	7	v.	v.	PROPN
issue-1803	332	8	,	,	PUNCT
issue-1803	332	9	&	&	CCONJ
issue-1803	332	10	ng	ng	PROPN
issue-1803	332	11	,	,	PUNCT
issue-1803	332	12	l.	l.	PROPN
issue-1803	332	13	(	(	PUNCT
issue-1803	332	14	2005	2005	NUM
issue-1803	332	15	)	)	PUNCT
issue-1803	332	16	.	.	PUNCT
issue-1803	333	1	what	what	PRON
issue-1803	333	2	determines	determine	VERB
issue-1803	333	3	the	the	DET
issue-1803	333	4	domestic	domestic	ADJ
issue-1803	333	5	bias	bias	NOUN
issue-1803	333	6	and	and	CCONJ
issue-1803	333	7	foreign	foreign	ADJ
issue-1803	333	8	bias	bias	NOUN
issue-1803	333	9	?	?	PUNCT
issue-1803	334	1	evidence	evidence	NOUN
issue-1803	334	2	from	from	ADP
issue-1803	334	3	mutual	mutual	ADJ
issue-1803	334	4	fund	fund	NOUN
issue-1803	334	5	equity	equity	NOUN
issue-1803	334	6	allocations	allocation	NOUN
issue-1803	334	7	worldwide	worldwide	ADV
issue-1803	334	8	.	.	PUNCT
issue-1803	335	1	the	the	DET
issue-1803	335	2	journal	journal	NOUN
issue-1803	335	3	of	of	ADP
issue-1803	335	4	finance	finance	NOUN
issue-1803	335	5	,	,	PUNCT
issue-1803	335	6	vol	vol	NOUN
issue-1803	335	7	.	.	PUNCT
issue-1803	335	8	60(3	60(3	NOUN
issue-1803	335	9	)	)	PUNCT
issue-1803	335	10	,	,	PUNCT
issue-1803	335	11	pp	pp	PROPN
issue-1803	335	12	.	.	PUNCT
issue-1803	336	1	1495–1534	1495–1534	NUM
issue-1803	336	2	.	.	PUNCT
issue-1803	337	1	coeurdacier	coeurdacier	NOUN
issue-1803	337	2	,	,	PUNCT
issue-1803	337	3	n.	n.	NOUN
issue-1803	337	4	,	,	PUNCT
issue-1803	337	5	&	&	CCONJ
issue-1803	337	6	gourinchas	gourinchas	PROPN
issue-1803	337	7	,	,	PUNCT
issue-1803	337	8	p.	p.	NOUN
issue-1803	337	9	o.	o.	PROPN
issue-1803	338	1	(	(	PUNCT
issue-1803	338	2	2016	2016	NUM
issue-1803	338	3	)	)	PUNCT
issue-1803	338	4	.	.	PUNCT
issue-1803	339	1	when	when	SCONJ
issue-1803	339	2	bonds	bond	NOUN
issue-1803	339	3	matter	matter	VERB
issue-1803	339	4	:	:	PUNCT
issue-1803	339	5	home	home	NOUN
issue-1803	339	6	bias	bias	NOUN
issue-1803	339	7	in	in	ADP
issue-1803	339	8	goods	good	NOUN
issue-1803	339	9	and	and	CCONJ
issue-1803	339	10	assets	asset	NOUN
issue-1803	339	11	.	.	PUNCT
issue-1803	340	1	journal	journal	NOUN
issue-1803	340	2	of	of	ADP
issue-1803	340	3	monetary	monetary	ADJ
issue-1803	340	4	economics	economic	NOUN
issue-1803	340	5	,	,	PUNCT
issue-1803	340	6	vol	vol	NOUN
issue-1803	340	7	.	.	PROPN
issue-1803	340	8	82	82	NUM
issue-1803	340	9	,	,	PUNCT
issue-1803	340	10	pp	pp	ADJ
issue-1803	340	11	.	.	PUNCT
issue-1803	341	1	119–137	119–137	NUM
issue-1803	341	2	.	.	PUNCT
issue-1803	342	1	cooper	cooper	PROPN
issue-1803	342	2	,	,	PUNCT
issue-1803	342	3	i.	i.	PROPN
issue-1803	342	4	,	,	PUNCT
issue-1803	342	5	&	&	CCONJ
issue-1803	342	6	kaplanis	kaplanis	PROPN
issue-1803	342	7	,	,	PUNCT
issue-1803	342	8	e.	e.	PROPN
issue-1803	342	9	(	(	PUNCT
issue-1803	342	10	1994	1994	NUM
issue-1803	342	11	)	)	PUNCT
issue-1803	342	12	.	.	PUNCT
issue-1803	343	1	home	home	NOUN
issue-1803	343	2	bias	bias	NOUN
issue-1803	343	3	in	in	ADP
issue-1803	343	4	equity	equity	NOUN
issue-1803	343	5	portfolios	portfolio	NOUN
issue-1803	343	6	,	,	PUNCT
issue-1803	343	7	inflation	inflation	NOUN
issue-1803	343	8	hedging	hedging	NOUN
issue-1803	343	9	,	,	PUNCT
issue-1803	343	10	and	and	CCONJ
issue-1803	343	11	international	international	ADJ
issue-1803	343	12	capital	capital	NOUN
issue-1803	343	13	market	market	NOUN
issue-1803	343	14	equilibrium	equilibrium	NOUN
issue-1803	343	15	.	.	PUNCT
issue-1803	344	1	the	the	DET
issue-1803	344	2	review	review	NOUN
issue-1803	344	3	of	of	ADP
issue-1803	344	4	financial	financial	ADJ
issue-1803	344	5	studies	study	NOUN
issue-1803	344	6	,	,	PUNCT
issue-1803	344	7	vol	vol	NOUN
issue-1803	344	8	.	.	PUNCT
issue-1803	344	9	7(1	7(1	NUM
issue-1803	344	10	)	)	PUNCT
issue-1803	344	11	,	,	PUNCT
issue-1803	344	12	pp	pp	ADP
issue-1803	344	13	.	.	PUNCT
issue-1803	345	1	45–60	45–60	X
issue-1803	345	2	.	.	PUNCT
issue-1803	345	3	cooper	cooper	PROPN
issue-1803	345	4	,	,	PUNCT
issue-1803	345	5	i.	i.	PROPN
issue-1803	345	6	,	,	PUNCT
issue-1803	345	7	sercu	sercu	PROPN
issue-1803	345	8	,	,	PUNCT
issue-1803	345	9	p.	p.	PROPN
issue-1803	345	10	,	,	PUNCT
issue-1803	345	11	&	&	CCONJ
issue-1803	345	12	vanpée	vanpée	ADV
issue-1803	345	13	,	,	PUNCT
issue-1803	345	14	r.	r.	PROPN
issue-1803	345	15	(	(	PUNCT
issue-1803	345	16	2013	2013	NUM
issue-1803	345	17	)	)	PUNCT
issue-1803	345	18	.	.	PUNCT
issue-1803	346	1	the	the	DET
issue-1803	346	2	equity	equity	NOUN
issue-1803	346	3	home	home	NOUN
issue-1803	346	4	bias	bias	NOUN
issue-1803	346	5	puzzle	puzzle	NOUN
issue-1803	346	6	:	:	PUNCT
issue-1803	346	7	a	a	DET
issue-1803	346	8	survey	survey	NOUN
issue-1803	346	9	.	.	PUNCT
issue-1803	347	1	foundations	foundation	NOUN
issue-1803	347	2	and	and	CCONJ
issue-1803	347	3	trends	trend	NOUN
issue-1803	347	4	in	in	ADP
issue-1803	347	5	finance	finance	NOUN
issue-1803	347	6	,	,	PUNCT
issue-1803	347	7	vol	vol	NOUN
issue-1803	347	8	.	.	PUNCT
issue-1803	347	9	7(4	7(4	NUM
issue-1803	347	10	)	)	PUNCT
issue-1803	347	11	,	,	PUNCT
issue-1803	347	12	pp	pp	ADP
issue-1803	347	13	.	.	PUNCT
issue-1803	348	1	289–416	289–416	NUM
issue-1803	348	2	.	.	PUNCT
issue-1803	348	3	daude	daude	PROPN
issue-1803	348	4	,	,	PUNCT
issue-1803	348	5	c.	c.	PROPN
issue-1803	348	6	,	,	PUNCT
issue-1803	348	7	&	&	CCONJ
issue-1803	348	8	fratzscher	fratzscher	PROPN
issue-1803	348	9	,	,	PUNCT
issue-1803	348	10	m.	m.	NOUN
issue-1803	348	11	(	(	PUNCT
issue-1803	348	12	2008	2008	NUM
issue-1803	348	13	)	)	PUNCT
issue-1803	348	14	.	.	PUNCT
issue-1803	349	1	the	the	DET
issue-1803	349	2	pecking	pecking	NOUN
issue-1803	349	3	order	order	NOUN
issue-1803	349	4	of	of	ADP
issue-1803	349	5	cross	cross	ADJ
issue-1803	349	6	-	-	ADJ
issue-1803	349	7	border	border	ADJ
issue-1803	349	8	investment	investment	NOUN
issue-1803	349	9	.	.	PUNCT
issue-1803	350	1	journal	journal	NOUN
issue-1803	350	2	of	of	ADP
issue-1803	350	3	international	international	ADJ
issue-1803	350	4	economics	economic	NOUN
issue-1803	350	5	,	,	PUNCT
issue-1803	350	6	vol	vol	NOUN
issue-1803	350	7	.	.	PUNCT
issue-1803	351	1	74(1	74(1	NOUN
issue-1803	351	2	)	)	PUNCT
issue-1803	351	3	,	,	PUNCT
issue-1803	351	4	pp	pp	ADP
issue-1803	351	5	.	.	PUNCT
issue-1803	352	1	94–119	94–119	X
issue-1803	352	2	.	.	PUNCT
issue-1803	352	3	baltic	baltic	PROPN
issue-1803	352	4	journal	journal	PROPN
issue-1803	352	5	of	of	ADP
issue-1803	352	6	economic	economic	ADJ
issue-1803	352	7	studies	study	NOUN
issue-1803	352	8	63	63	NUM
issue-1803	352	9	vol	vol	NOUN
issue-1803	352	10	.	.	PROPN
issue-1803	352	11	8	8	NUM
issue-1803	353	1	no	no	NOUN
issue-1803	353	2	.	.	NOUN
issue-1803	354	1	3	3	NUM
issue-1803	354	2	,	,	PUNCT
issue-1803	354	3	2022	2022	NUM
issue-1803	354	4	davies	davy	NOUN
issue-1803	354	5	,	,	PUNCT
issue-1803	354	6	g.	g.	PROPN
issue-1803	354	7	b.	b.	PROPN
issue-1803	354	8	(	(	PUNCT
issue-1803	354	9	2017	2017	NUM
issue-1803	354	10	)	)	PUNCT
issue-1803	354	11	.	.	PUNCT
issue-1803	355	1	new	new	ADJ
issue-1803	355	2	vistas	vista	NOUN
issue-1803	355	3	in	in	ADP
issue-1803	355	4	risk	risk	NOUN
issue-1803	355	5	profiling	profiling	NOUN
issue-1803	355	6	.	.	PUNCT
issue-1803	356	1	cfa	cfa	PROPN
issue-1803	356	2	institute	institute	PROPN
issue-1803	356	3	research	research	PROPN
issue-1803	356	4	foundation	foundation	PROPN
issue-1803	356	5	.	.	PUNCT
issue-1803	357	1	dvořák	dvořák	PROPN
issue-1803	357	2	,	,	PUNCT
issue-1803	357	3	t.	t.	PROPN
issue-1803	357	4	(	(	PUNCT
issue-1803	357	5	2005	2005	NUM
issue-1803	357	6	)	)	PUNCT
issue-1803	357	7	.	.	PUNCT
issue-1803	358	1	do	do	AUX
issue-1803	358	2	domestic	domestic	ADJ
issue-1803	358	3	investors	investor	NOUN
issue-1803	358	4	have	have	VERB
issue-1803	358	5	an	an	DET
issue-1803	358	6	information	information	NOUN
issue-1803	358	7	advantage	advantage	NOUN
issue-1803	358	8	?	?	PUNCT
issue-1803	359	1	evidence	evidence	NOUN
issue-1803	359	2	from	from	ADP
issue-1803	359	3	indonesia	indonesia	PROPN
issue-1803	359	4	.	.	PUNCT
issue-1803	360	1	the	the	DET
issue-1803	360	2	journal	journal	PROPN
issue-1803	360	3	of	of	ADP
issue-1803	360	4	finance	finance	NOUN
issue-1803	360	5	,	,	PUNCT
issue-1803	360	6	vol	vol	NOUN
issue-1803	360	7	.	.	PUNCT
issue-1803	360	8	60(2	60(2	NUM
issue-1803	360	9	)	)	PUNCT
issue-1803	360	10	,	,	PUNCT
issue-1803	360	11	pp	pp	ADP
issue-1803	360	12	.	.	PUNCT
issue-1803	361	1	817–839	817–839	NUM
issue-1803	361	2	.	.	PUNCT
issue-1803	362	1	dziuba	dziuba	PROPN
issue-1803	362	2	,	,	PUNCT
issue-1803	362	3	p.	p.	PROPN
issue-1803	362	4	,	,	PUNCT
issue-1803	362	5	&	&	CCONJ
issue-1803	362	6	shtogrin	shtogrin	PROPN
issue-1803	362	7	,	,	PUNCT
issue-1803	362	8	k.	k.	PROPN
issue-1803	362	9	(	(	PUNCT
issue-1803	362	10	2020	2020	NUM
issue-1803	362	11	)	)	PUNCT
issue-1803	362	12	.	.	PUNCT
issue-1803	363	1	home	home	NOUN
issue-1803	363	2	bias	bias	NOUN
issue-1803	363	3	as	as	ADP
issue-1803	363	4	a	a	DET
issue-1803	363	5	key	key	ADJ
issue-1803	363	6	behavioral	behavioral	ADJ
issue-1803	363	7	deviation	deviation	NOUN
issue-1803	363	8	of	of	ADP
issue-1803	363	9	portfolio	portfolio	NOUN
issue-1803	363	10	investors	investor	NOUN
issue-1803	363	11	decisions	decision	NOUN
issue-1803	363	12	.	.	PUNCT
issue-1803	364	1	аctual	аctual	ADJ
issue-1803	364	2	problems	problem	NOUN
issue-1803	364	3	of	of	ADP
issue-1803	364	4	international	international	ADJ
issue-1803	364	5	relations	relation	NOUN
issue-1803	364	6	,	,	PUNCT
issue-1803	364	7	vol	vol	NOUN
issue-1803	364	8	.	.	PROPN
issue-1803	364	9	1(145	1(145	NUM
issue-1803	364	10	)	)	PUNCT
issue-1803	364	11	,	,	PUNCT
issue-1803	364	12	pp	pp	ADP
issue-1803	364	13	.	.	PUNCT
issue-1803	365	1	72–82	72–82	X
issue-1803	365	2	.	.	PUNCT
issue-1803	366	1	dziuba	dziuba	PROPN
issue-1803	366	2	,	,	PUNCT
issue-1803	366	3	p.	p.	PROPN
issue-1803	366	4	,	,	PUNCT
issue-1803	366	5	pryiatelchuk	pryiatelchuk	NOUN
issue-1803	366	6	,	,	PUNCT
issue-1803	366	7	o.	o.	NOUN
issue-1803	366	8	,	,	PUNCT
issue-1803	366	9	&	&	CCONJ
issue-1803	366	10	rusak	rusak	ADJ
issue-1803	366	11	,	,	PUNCT
issue-1803	366	12	d.	d.	PROPN
issue-1803	366	13	(	(	PUNCT
issue-1803	366	14	2021	2021	NUM
issue-1803	366	15	)	)	PUNCT
issue-1803	366	16	.	.	PUNCT
issue-1803	367	1	equity	equity	NOUN
issue-1803	367	2	markets	market	NOUN
issue-1803	367	3	risks	risk	NOUN
issue-1803	367	4	and	and	CCONJ
issue-1803	367	5	returns	return	NOUN
issue-1803	367	6	:	:	PUNCT
issue-1803	367	7	implications	implication	NOUN
issue-1803	367	8	for	for	ADP
issue-1803	367	9	global	global	ADJ
issue-1803	367	10	portfolio	portfolio	NOUN
issue-1803	367	11	capital	capital	NOUN
issue-1803	367	12	flows	flow	NOUN
issue-1803	367	13	during	during	ADP
issue-1803	367	14	pandemic	pandemic	ADJ
issue-1803	367	15	and	and	CCONJ
issue-1803	367	16	crisis	crisis	NOUN
issue-1803	367	17	periods	period	NOUN
issue-1803	367	18	.	.	PUNCT
issue-1803	368	1	baltic	baltic	PROPN
issue-1803	368	2	journal	journal	PROPN
issue-1803	368	3	of	of	ADP
issue-1803	368	4	economic	economic	ADJ
issue-1803	368	5	studies	study	NOUN
issue-1803	368	6	,	,	PUNCT
issue-1803	368	7	vol	vol	NOUN
issue-1803	368	8	.	.	PUNCT
issue-1803	369	1	7(3	7(3	NUM
issue-1803	369	2	)	)	PUNCT
issue-1803	370	1	,	,	PUNCT
issue-1803	370	2	pp	pp	ADP
issue-1803	370	3	.	.	PUNCT
issue-1803	371	1	97–108	97–108	PROPN
issue-1803	371	2	.	.	PUNCT
issue-1803	372	1	fidora	fidora	PROPN
issue-1803	372	2	,	,	PUNCT
issue-1803	372	3	m.	m.	NOUN
issue-1803	372	4	,	,	PUNCT
issue-1803	372	5	fratzscher	fratzscher	NOUN
issue-1803	372	6	,	,	PUNCT
issue-1803	372	7	m.	m.	NOUN
issue-1803	372	8	,	,	PUNCT
issue-1803	372	9	&	&	CCONJ
issue-1803	372	10	thimann	thimann	PROPN
issue-1803	372	11	,	,	PUNCT
issue-1803	372	12	c.	c.	PROPN
issue-1803	372	13	(	(	PUNCT
issue-1803	372	14	2007	2007	NUM
issue-1803	372	15	)	)	PUNCT
issue-1803	372	16	.	.	PUNCT
issue-1803	373	1	home	home	NOUN
issue-1803	373	2	bias	bias	NOUN
issue-1803	373	3	in	in	ADP
issue-1803	373	4	global	global	ADJ
issue-1803	373	5	bond	bond	NOUN
issue-1803	373	6	and	and	CCONJ
issue-1803	373	7	equity	equity	NOUN
issue-1803	373	8	markets	market	NOUN
issue-1803	373	9	:	:	PUNCT
issue-1803	373	10	the	the	DET
issue-1803	373	11	role	role	NOUN
issue-1803	373	12	of	of	ADP
issue-1803	373	13	real	real	ADJ
issue-1803	373	14	exchange	exchange	NOUN
issue-1803	373	15	rate	rate	NOUN
issue-1803	373	16	volatility	volatility	NOUN
issue-1803	373	17	.	.	PUNCT
issue-1803	374	1	journal	journal	NOUN
issue-1803	374	2	of	of	ADP
issue-1803	374	3	international	international	ADJ
issue-1803	374	4	money	money	NOUN
issue-1803	374	5	and	and	CCONJ
issue-1803	374	6	finance	finance	NOUN
issue-1803	374	7	,	,	PUNCT
issue-1803	374	8	vol	vol	NOUN
issue-1803	374	9	.	.	PUNCT
issue-1803	374	10	26(4	26(4	NUM
issue-1803	374	11	)	)	PUNCT
issue-1803	374	12	,	,	PUNCT
issue-1803	374	13	pp	pp	ADP
issue-1803	374	14	.	.	PUNCT
issue-1803	375	1	631–655	631–655	NUM
issue-1803	375	2	.	.	PUNCT
issue-1803	376	1	french	french	PROPN
issue-1803	376	2	,	,	PUNCT
issue-1803	376	3	k.	k.	PROPN
issue-1803	376	4	r.	r.	PROPN
issue-1803	376	5	,	,	PUNCT
issue-1803	376	6	&	&	CCONJ
issue-1803	376	7	poterba	poterba	PROPN
issue-1803	376	8	,	,	PUNCT
issue-1803	376	9	j.	j.	PROPN
issue-1803	376	10	m.	m.	PROPN
issue-1803	376	11	(	(	PUNCT
issue-1803	376	12	1991	1991	NUM
issue-1803	376	13	)	)	PUNCT
issue-1803	376	14	.	.	PUNCT
issue-1803	377	1	investor	investor	NOUN
issue-1803	377	2	diversification	diversification	NOUN
issue-1803	377	3	and	and	CCONJ
issue-1803	377	4	international	international	ADJ
issue-1803	377	5	equity	equity	NOUN
issue-1803	377	6	markets	market	NOUN
issue-1803	377	7	.	.	PUNCT
issue-1803	378	1	the	the	DET
issue-1803	378	2	american	american	PROPN
issue-1803	378	3	economic	economic	PROPN
issue-1803	378	4	review	review	PROPN
issue-1803	378	5	,	,	PUNCT
issue-1803	378	6	vol	vol	NOUN
issue-1803	378	7	.	.	PUNCT
issue-1803	378	8	81(2	81(2	NUM
issue-1803	378	9	)	)	PUNCT
issue-1803	378	10	,	,	PUNCT
issue-1803	378	11	pp	pp	ADJ
issue-1803	378	12	.	.	PUNCT
issue-1803	379	1	222–226	222–226	NUM
issue-1803	379	2	.	.	PUNCT
issue-1803	380	1	geambasu	geambasu	PROPN
issue-1803	380	2	,	,	PUNCT
issue-1803	380	3	c.	c.	PROPN
issue-1803	380	4	,	,	PUNCT
issue-1803	380	5	sova	sova	PROPN
issue-1803	380	6	,	,	PUNCT
issue-1803	380	7	r.	r.	PROPN
issue-1803	380	8	,	,	PUNCT
issue-1803	380	9	jianu	jianu	PROPN
issue-1803	380	10	,	,	PUNCT
issue-1803	380	11	i.	i.	PROPN
issue-1803	380	12	,	,	PUNCT
issue-1803	380	13	&	&	CCONJ
issue-1803	380	14	geambasu	geambasu	PROPN
issue-1803	380	15	,	,	PUNCT
issue-1803	380	16	l.	l.	PROPN
issue-1803	380	17	(	(	PUNCT
issue-1803	380	18	2013	2013	NUM
issue-1803	380	19	)	)	PUNCT
issue-1803	380	20	.	.	PUNCT
issue-1803	381	1	risk	risk	NOUN
issue-1803	381	2	measurement	measurement	NOUN
issue-1803	381	3	in	in	ADP
issue-1803	381	4	post	post	ADJ
issue-1803	381	5	-	-	ADJ
issue-1803	381	6	modern	modern	ADJ
issue-1803	381	7	portfolio	portfolio	NOUN
issue-1803	381	8	theory	theory	NOUN
issue-1803	381	9	:	:	PUNCT
issue-1803	381	10	differences	difference	NOUN
issue-1803	381	11	from	from	ADP
issue-1803	381	12	modern	modern	ADJ
issue-1803	381	13	portfolio	portfolio	NOUN
issue-1803	381	14	theory	theory	NOUN
issue-1803	381	15	.	.	PUNCT
issue-1803	382	1	economic	economic	ADJ
issue-1803	382	2	computation	computation	NOUN
issue-1803	382	3	&	&	CCONJ
issue-1803	382	4	economic	economic	ADJ
issue-1803	382	5	cybernetics	cybernetic	NOUN
issue-1803	382	6	studies	study	NOUN
issue-1803	382	7	&	&	CCONJ
issue-1803	382	8	research	research	NOUN
issue-1803	382	9	,	,	PUNCT
issue-1803	382	10	vol	vol	NOUN
issue-1803	382	11	.	.	PUNCT
issue-1803	382	12	47(1	47(1	NUM
issue-1803	382	13	)	)	PUNCT
issue-1803	382	14	,	,	PUNCT
issue-1803	382	15	pp	pp	ADP
issue-1803	382	16	.	.	PUNCT
issue-1803	383	1	113–132	113–132	NUM
issue-1803	383	2	.	.	PUNCT
issue-1803	384	1	glaser	glaser	PROPN
issue-1803	384	2	,	,	PUNCT
issue-1803	384	3	m.	m.	NOUN
issue-1803	384	4	,	,	PUNCT
issue-1803	384	5	&	&	CCONJ
issue-1803	384	6	weber	weber	PROPN
issue-1803	384	7	,	,	PUNCT
issue-1803	384	8	m.	m.	NOUN
issue-1803	384	9	(	(	PUNCT
issue-1803	384	10	2007	2007	NUM
issue-1803	384	11	)	)	PUNCT
issue-1803	384	12	.	.	PUNCT
issue-1803	385	1	overconfidence	overconfidence	NOUN
issue-1803	385	2	and	and	CCONJ
issue-1803	385	3	trading	trading	NOUN
issue-1803	385	4	volume	volume	NOUN
issue-1803	385	5	.	.	PUNCT
issue-1803	386	1	the	the	DET
issue-1803	386	2	geneva	geneva	PROPN
issue-1803	386	3	risk	risk	NOUN
issue-1803	386	4	and	and	CCONJ
issue-1803	386	5	insurance	insurance	NOUN
issue-1803	386	6	review	review	NOUN
issue-1803	386	7	,	,	PUNCT
issue-1803	386	8	vol	vol	NOUN
issue-1803	386	9	.	.	PUNCT
issue-1803	386	10	32(1	32(1	NUM
issue-1803	386	11	)	)	PUNCT
issue-1803	386	12	,	,	PUNCT
issue-1803	386	13	pp	pp	ADP
issue-1803	386	14	.	.	PUNCT
issue-1803	387	1	1–36	1–36	X
issue-1803	387	2	.	.	PUNCT
issue-1803	388	1	grable	grable	PROPN
issue-1803	388	2	,	,	PUNCT
issue-1803	388	3	j.	j.	PROPN
issue-1803	388	4	e.	e.	PROPN
issue-1803	388	5	(	(	PUNCT
issue-1803	388	6	2017	2017	NUM
issue-1803	388	7	)	)	PUNCT
issue-1803	388	8	.	.	PUNCT
issue-1803	389	1	financial	financial	ADJ
issue-1803	389	2	risk	risk	NOUN
issue-1803	389	3	tolerance	tolerance	NOUN
issue-1803	389	4	:	:	PUNCT
issue-1803	389	5	a	a	DET
issue-1803	389	6	psychometric	psychometric	ADJ
issue-1803	389	7	review	review	NOUN
issue-1803	389	8	.	.	PUNCT
issue-1803	390	1	cfa	cfa	PROPN
issue-1803	390	2	institute	institute	PROPN
issue-1803	390	3	research	research	PROPN
issue-1803	390	4	foundation	foundation	PROPN
issue-1803	390	5	.	.	PUNCT
issue-1803	391	1	grauer	grauer	PROPN
issue-1803	391	2	,	,	PUNCT
issue-1803	391	3	r.	r.	PROPN
issue-1803	391	4	r.	r.	PROPN
issue-1803	391	5	,	,	PUNCT
issue-1803	391	6	&	&	CCONJ
issue-1803	391	7	hakansson	hakansson	PROPN
issue-1803	391	8	,	,	PUNCT
issue-1803	391	9	n.	n.	PROPN
issue-1803	391	10	h.	h.	PROPN
issue-1803	391	11	(	(	PUNCT
issue-1803	391	12	1987	1987	NUM
issue-1803	391	13	)	)	PUNCT
issue-1803	391	14	.	.	PUNCT
issue-1803	392	1	gains	gain	NOUN
issue-1803	392	2	from	from	ADP
issue-1803	392	3	international	international	ADJ
issue-1803	392	4	diversification	diversification	NOUN
issue-1803	392	5	:	:	PUNCT
issue-1803	392	6	1968–85	1968–85	NUM
issue-1803	392	7	returns	return	NOUN
issue-1803	392	8	on	on	ADP
issue-1803	392	9	portfolios	portfolio	NOUN
issue-1803	392	10	of	of	ADP
issue-1803	392	11	stocks	stock	NOUN
issue-1803	392	12	and	and	CCONJ
issue-1803	392	13	bonds	bond	NOUN
issue-1803	392	14	.	.	PUNCT
issue-1803	393	1	the	the	DET
issue-1803	393	2	journal	journal	NOUN
issue-1803	393	3	of	of	ADP
issue-1803	393	4	finance	finance	NOUN
issue-1803	393	5	,	,	PUNCT
issue-1803	393	6	vol	vol	NOUN
issue-1803	393	7	.	.	PUNCT
issue-1803	393	8	42(3	42(3	NUM
issue-1803	393	9	)	)	PUNCT
issue-1803	393	10	,	,	PUNCT
issue-1803	393	11	pp	pp	ADP
issue-1803	393	12	.	.	PUNCT
issue-1803	394	1	721–739	721–739	NUM
issue-1803	394	2	.	.	PUNCT
issue-1803	394	3	hershfield	hershfield	PROPN
issue-1803	394	4	,	,	PUNCT
issue-1803	394	5	h.	h.	PROPN
issue-1803	394	6	(	(	PUNCT
issue-1803	394	7	2020	2020	NUM
issue-1803	394	8	)	)	PUNCT
issue-1803	394	9	.	.	PUNCT
issue-1803	395	1	how	how	SCONJ
issue-1803	395	2	availability	availability	NOUN
issue-1803	395	3	bias	bias	NOUN
issue-1803	395	4	and	and	CCONJ
issue-1803	395	5	fomo	fomo	NOUN
issue-1803	395	6	can	can	AUX
issue-1803	395	7	impact	impact	VERB
issue-1803	395	8	financial	financial	ADJ
issue-1803	395	9	decision	decision	NOUN
issue-1803	395	10	-	-	PUNCT
issue-1803	395	11	making	making	NOUN
issue-1803	395	12	.	.	PUNCT
issue-1803	396	1	avantis	avantis	DET
issue-1803	396	2	investors	investor	NOUN
issue-1803	396	3	,	,	PUNCT
issue-1803	396	4	p.	p.	NOUN
issue-1803	396	5	24	24	NUM
issue-1803	396	6	.	.	PUNCT
issue-1803	397	1	hiraki	hiraki	PROPN
issue-1803	397	2	,	,	PUNCT
issue-1803	397	3	t.	t.	PROPN
issue-1803	397	4	,	,	PUNCT
issue-1803	397	5	&	&	CCONJ
issue-1803	397	6	liu	liu	PROPN
issue-1803	397	7	,	,	PUNCT
issue-1803	397	8	m.	m.	NOUN
issue-1803	397	9	(	(	PUNCT
issue-1803	397	10	2021	2021	NUM
issue-1803	397	11	)	)	PUNCT
issue-1803	397	12	.	.	PUNCT
issue-1803	398	1	do	do	AUX
issue-1803	398	2	global	global	ADJ
issue-1803	398	3	equity	equity	NOUN
issue-1803	398	4	mutual	mutual	ADJ
issue-1803	398	5	funds	fund	NOUN
issue-1803	398	6	exhibit	exhibit	VERB
issue-1803	398	7	home	home	NOUN
issue-1803	398	8	bias	bias	NOUN
issue-1803	398	9	?	?	PUNCT
issue-1803	399	1	journal	journal	NOUN
issue-1803	399	2	of	of	ADP
issue-1803	399	3	behavioral	behavioral	ADJ
issue-1803	399	4	and	and	CCONJ
issue-1803	399	5	experimental	experimental	ADJ
issue-1803	399	6	finance	finance	NOUN
issue-1803	399	7	,	,	PUNCT
issue-1803	399	8	vol	vol	NOUN
issue-1803	399	9	.	.	PROPN
issue-1803	399	10	31	31	NUM
issue-1803	399	11	,	,	PUNCT
issue-1803	399	12	100508	100508	NUM
issue-1803	399	13	.	.	PUNCT
issue-1803	400	1	hirshleifer	hirshleifer	NOUN
issue-1803	400	2	,	,	PUNCT
issue-1803	400	3	d.	d.	PROPN
issue-1803	400	4	(	(	PUNCT
issue-1803	400	5	2015	2015	NUM
issue-1803	400	6	)	)	PUNCT
issue-1803	400	7	.	.	PUNCT
issue-1803	401	1	behavioral	behavioral	ADJ
issue-1803	401	2	finance	finance	NOUN
issue-1803	401	3	.	.	PUNCT
issue-1803	402	1	annual	annual	ADJ
issue-1803	402	2	review	review	NOUN
issue-1803	402	3	of	of	ADP
issue-1803	402	4	financial	financial	ADJ
issue-1803	402	5	economics	economic	NOUN
issue-1803	402	6	,	,	PUNCT
issue-1803	402	7	vol	vol	NOUN
issue-1803	402	8	.	.	PROPN
issue-1803	402	9	7	7	NUM
issue-1803	402	10	,	,	PUNCT
issue-1803	402	11	pp	pp	ADJ
issue-1803	402	12	.	.	PUNCT
issue-1803	403	1	133–159	133–159	NUM
issue-1803	403	2	.	.	PUNCT
issue-1803	404	1	hu	hu	PROPN
issue-1803	404	2	,	,	PUNCT
issue-1803	404	3	j.	j.	PROPN
issue-1803	404	4	(	(	PUNCT
issue-1803	404	5	2022	2022	NUM
issue-1803	404	6	,	,	PUNCT
issue-1803	404	7	march	march	PROPN
issue-1803	404	8	)	)	PUNCT
issue-1803	404	9	.	.	PUNCT
issue-1803	405	1	application	application	NOUN
issue-1803	405	2	of	of	ADP
issue-1803	405	3	modern	modern	ADJ
issue-1803	405	4	portfolio	portfolio	NOUN
issue-1803	405	5	theory	theory	NOUN
issue-1803	405	6	in	in	ADP
issue-1803	405	7	stock	stock	NOUN
issue-1803	405	8	market	market	NOUN
issue-1803	405	9	based	base	VERB
issue-1803	405	10	on	on	ADP
issue-1803	405	11	empirical	empirical	ADJ
issue-1803	405	12	analysis	analysis	NOUN
issue-1803	405	13	.	.	PUNCT
issue-1803	406	1	in	in	ADP
issue-1803	406	2	2022	2022	NUM
issue-1803	406	3	7th	7th	ADJ
issue-1803	406	4	international	international	ADJ
issue-1803	406	5	conference	conference	NOUN
issue-1803	406	6	on	on	ADP
issue-1803	406	7	financial	financial	ADJ
issue-1803	406	8	innovation	innovation	NOUN
issue-1803	406	9	and	and	CCONJ
issue-1803	406	10	economic	economic	ADJ
issue-1803	406	11	development	development	NOUN
issue-1803	406	12	(	(	PUNCT
issue-1803	406	13	icfied	icfie	VERB
issue-1803	406	14	2022	2022	NUM
issue-1803	406	15	)	)	PUNCT
issue-1803	406	16	(	(	PUNCT
issue-1803	406	17	pp	pp	ADJ
issue-1803	406	18	.	.	PUNCT
issue-1803	407	1	1561–1567	1561–1567	NUM
issue-1803	407	2	)	)	PUNCT
issue-1803	407	3	.	.	PUNCT
issue-1803	408	1	atlantis	atlantis	PROPN
issue-1803	408	2	press	press	PROPN
issue-1803	408	3	.	.	PUNCT
issue-1803	409	1	karolyi	karolyi	PROPN
issue-1803	409	2	,	,	PUNCT
issue-1803	409	3	g.	g.	PROPN
issue-1803	409	4	a.	a.	PROPN
issue-1803	409	5	,	,	PUNCT
issue-1803	409	6	&	&	CCONJ
issue-1803	409	7	stulz	stulz	ADJ
issue-1803	409	8	,	,	PUNCT
issue-1803	409	9	r.	r.	PROPN
issue-1803	409	10	m.	m.	PROPN
issue-1803	409	11	(	(	PUNCT
issue-1803	409	12	2003	2003	NUM
issue-1803	409	13	)	)	PUNCT
issue-1803	409	14	.	.	PUNCT
issue-1803	410	1	are	be	AUX
issue-1803	410	2	financial	financial	ADJ
issue-1803	410	3	assets	asset	NOUN
issue-1803	410	4	priced	price	VERB
issue-1803	410	5	locally	locally	ADV
issue-1803	410	6	or	or	CCONJ
issue-1803	410	7	globally	globally	ADV
issue-1803	410	8	?	?	PUNCT
issue-1803	411	1	handbook	handbook	NOUN
issue-1803	411	2	of	of	ADP
issue-1803	411	3	the	the	DET
issue-1803	411	4	economics	economic	NOUN
issue-1803	411	5	of	of	ADP
issue-1803	411	6	finance	finance	NOUN
issue-1803	411	7	,	,	PUNCT
issue-1803	411	8	vol	vol	NOUN
issue-1803	411	9	.	.	PROPN
issue-1803	411	10	1	1	NUM
issue-1803	411	11	,	,	PUNCT
issue-1803	411	12	pp	pp	ADJ
issue-1803	411	13	.	.	PUNCT
issue-1803	412	1	975–1020	975–1020	X
issue-1803	412	2	.	.	PUNCT
issue-1803	413	1	kim	kim	PROPN
issue-1803	413	2	,	,	PUNCT
issue-1803	413	3	g.	g.	PROPN
issue-1803	413	4	h.	h.	PROPN
issue-1803	413	5	,	,	PUNCT
issue-1803	413	6	&	&	CCONJ
issue-1803	413	7	kim	kim	PROPN
issue-1803	413	8	,	,	PUNCT
issue-1803	413	9	h.	h.	PROPN
issue-1803	413	10	(	(	PUNCT
issue-1803	413	11	2022	2022	NUM
issue-1803	413	12	)	)	PUNCT
issue-1803	413	13	.	.	PUNCT
issue-1803	414	1	non	non	ADJ
issue-1803	414	2	-	-	ADJ
issue-1803	414	3	fundamental	fundamental	ADJ
issue-1803	414	4	home	home	NOUN
issue-1803	414	5	bias	bias	NOUN
issue-1803	414	6	in	in	ADP
issue-1803	414	7	international	international	ADJ
issue-1803	414	8	equity	equity	NOUN
issue-1803	414	9	markets	market	NOUN
issue-1803	414	10	.	.	PUNCT
issue-1803	415	1	international	international	ADJ
issue-1803	415	2	economics	economic	NOUN
issue-1803	415	3	,	,	PUNCT
issue-1803	415	4	vol	vol	NOUN
issue-1803	415	5	.	.	PROPN
issue-1803	415	6	170	170	NUM
issue-1803	415	7	,	,	PUNCT
issue-1803	415	8	pp	pp	ADJ
issue-1803	415	9	.	.	PUNCT
issue-1803	416	1	213–234	213–234	NUM
issue-1803	416	2	.	.	PUNCT
issue-1803	417	1	kim	kim	PROPN
issue-1803	417	2	,	,	PUNCT
issue-1803	417	3	k.	k.	PROPN
issue-1803	417	4	,	,	PUNCT
issue-1803	417	5	&	&	CCONJ
issue-1803	417	6	kim	kim	PROPN
issue-1803	417	7	,	,	PUNCT
issue-1803	417	8	s.	s.	PROPN
issue-1803	417	9	h.	h.	PROPN
issue-1803	417	10	(	(	PUNCT
issue-1803	417	11	2021	2021	NUM
issue-1803	417	12	)	)	PUNCT
issue-1803	417	13	.	.	PUNCT
issue-1803	418	1	explaining	explain	VERB
issue-1803	418	2	equity	equity	NOUN
issue-1803	418	3	home	home	NOUN
issue-1803	418	4	bias	bias	NOUN
issue-1803	418	5	using	use	VERB
issue-1803	418	6	hedging	hedge	VERB
issue-1803	418	7	motives	motive	NOUN
issue-1803	418	8	against	against	ADP
issue-1803	418	9	real	real	ADJ
issue-1803	418	10	exchange	exchange	NOUN
issue-1803	418	11	rate	rate	NOUN
issue-1803	418	12	and	and	CCONJ
issue-1803	418	13	wage	wage	NOUN
issue-1803	418	14	risks	risk	NOUN
issue-1803	418	15	.	.	PUNCT
issue-1803	419	1	international	international	ADJ
issue-1803	419	2	review	review	NOUN
issue-1803	419	3	of	of	ADP
issue-1803	419	4	economics	economics	PROPN
issue-1803	419	5	&	&	CCONJ
issue-1803	419	6	finance	finance	PROPN
issue-1803	419	7	,	,	PUNCT
issue-1803	419	8	vol	vol	NOUN
issue-1803	419	9	.	.	PROPN
issue-1803	419	10	73	73	NUM
issue-1803	419	11	,	,	PUNCT
issue-1803	419	12	pp	pp	ADJ
issue-1803	419	13	.	.	PUNCT
issue-1803	420	1	30–43	30–43	X
issue-1803	420	2	.	.	PUNCT
issue-1803	421	1	levy	levy	NOUN
issue-1803	421	2	,	,	PUNCT
issue-1803	421	3	h.	h.	PROPN
issue-1803	421	4	,	,	PUNCT
issue-1803	421	5	&	&	CCONJ
issue-1803	421	6	sarnat	sarnat	PROPN
issue-1803	421	7	,	,	PUNCT
issue-1803	421	8	m.	m.	NOUN
issue-1803	421	9	(	(	PUNCT
issue-1803	421	10	1970	1970	NUM
issue-1803	421	11	)	)	PUNCT
issue-1803	421	12	.	.	PUNCT
issue-1803	422	1	international	international	ADJ
issue-1803	422	2	diversification	diversification	NOUN
issue-1803	422	3	of	of	ADP
issue-1803	422	4	investment	investment	NOUN
issue-1803	422	5	portfolios	portfolio	NOUN
issue-1803	422	6	.	.	PUNCT
issue-1803	423	1	the	the	DET
issue-1803	423	2	american	american	PROPN
issue-1803	423	3	economic	economic	PROPN
issue-1803	423	4	review	review	PROPN
issue-1803	423	5	,	,	PUNCT
issue-1803	423	6	vol	vol	NOUN
issue-1803	423	7	.	.	PUNCT
issue-1803	424	1	60(4	60(4	NUM
issue-1803	424	2	)	)	PUNCT
issue-1803	424	3	,	,	PUNCT
issue-1803	424	4	pp	pp	ADP
issue-1803	424	5	.	.	PUNCT
issue-1803	425	1	668–675	668–675	NUM
issue-1803	425	2	.	.	X
issue-1803	425	3	lintner	lintner	PROPN
issue-1803	425	4	,	,	PUNCT
issue-1803	425	5	j.	j.	PROPN
issue-1803	425	6	(	(	PUNCT
issue-1803	425	7	1965	1965	NUM
issue-1803	425	8	)	)	PUNCT
issue-1803	425	9	.	.	PUNCT
issue-1803	426	1	security	security	NOUN
issue-1803	426	2	prices	price	NOUN
issue-1803	426	3	,	,	PUNCT
issue-1803	426	4	risk	risk	NOUN
issue-1803	426	5	,	,	PUNCT
issue-1803	426	6	and	and	CCONJ
issue-1803	426	7	maximal	maximal	ADJ
issue-1803	426	8	gains	gain	NOUN
issue-1803	426	9	from	from	ADP
issue-1803	426	10	diversification	diversification	NOUN
issue-1803	426	11	.	.	PUNCT
issue-1803	427	1	the	the	DET
issue-1803	427	2	journal	journal	PROPN
issue-1803	427	3	of	of	ADP
issue-1803	427	4	finance	finance	NOUN
issue-1803	427	5	,	,	PUNCT
issue-1803	427	6	vol	vol	NOUN
issue-1803	427	7	.	.	PUNCT
issue-1803	427	8	20(4	20(4	NOUN
issue-1803	427	9	)	)	PUNCT
issue-1803	427	10	,	,	PUNCT
issue-1803	427	11	pp	pp	ADP
issue-1803	427	12	.	.	PUNCT
issue-1803	428	1	587–615	587–615	NUM
issue-1803	428	2	.	.	PUNCT
issue-1803	428	3	markowitz	markowitz	PROPN
issue-1803	428	4	,	,	PUNCT
issue-1803	428	5	h.	h.	PROPN
issue-1803	428	6	(	(	PUNCT
issue-1803	428	7	1952	1952	NUM
issue-1803	428	8	)	)	PUNCT
issue-1803	428	9	.	.	PUNCT
issue-1803	429	1	portfolio	portfolio	NOUN
issue-1803	429	2	selection	selection	NOUN
issue-1803	429	3	.	.	PUNCT
issue-1803	430	1	journal	journal	PROPN
issue-1803	430	2	of	of	ADP
issue-1803	430	3	finance	finance	NOUN
issue-1803	430	4	,	,	PUNCT
issue-1803	430	5	vol	vol	NOUN
issue-1803	430	6	.	.	PROPN
issue-1803	430	7	7	7	NUM
issue-1803	430	8	,	,	PUNCT
issue-1803	430	9	pp	pp	ADJ
issue-1803	430	10	.	.	PUNCT
issue-1803	431	1	77–91	77–91	NUM
issue-1803	431	2	.	.	PUNCT
issue-1803	432	1	markowitz	markowitz	PROPN
issue-1803	432	2	,	,	PUNCT
issue-1803	432	3	h.	h.	PROPN
issue-1803	432	4	(	(	PUNCT
issue-1803	432	5	1959	1959	NUM
issue-1803	432	6	)	)	PUNCT
issue-1803	432	7	.	.	PUNCT
issue-1803	433	1	portfolio	portfolio	NOUN
issue-1803	433	2	selection	selection	NOUN
issue-1803	433	3	:	:	PUNCT
issue-1803	433	4	efficient	efficient	ADJ
issue-1803	433	5	diversifications	diversification	NOUN
issue-1803	433	6	of	of	ADP
issue-1803	433	7	investments	investment	NOUN
issue-1803	433	8	.	.	PUNCT
issue-1803	434	1	cowles	cowles	PROPN
issue-1803	434	2	foundation	foundation	PROPN
issue-1803	434	3	monograph	monograph	PROPN
issue-1803	434	4	№	№	ADP
issue-1803	434	5	16	16	NUM
issue-1803	434	6	.	.	PUNCT
issue-1803	435	1	new	new	PROPN
issue-1803	435	2	york	york	PROPN
issue-1803	435	3	:	:	PUNCT
issue-1803	436	1	john	john	PROPN
issue-1803	436	2	wiley	wiley	PROPN
issue-1803	436	3	&	&	CCONJ
issue-1803	436	4	sons	sons	PROPN
issue-1803	436	5	,	,	PUNCT
issue-1803	436	6	inc	inc	PROPN
issue-1803	436	7	.	.	PROPN
issue-1803	436	8	mossin	mossin	PROPN
issue-1803	436	9	,	,	PUNCT
issue-1803	436	10	j.	j.	PROPN
issue-1803	436	11	(	(	PUNCT
issue-1803	436	12	1966	1966	NUM
issue-1803	436	13	)	)	PUNCT
issue-1803	436	14	.	.	PUNCT
issue-1803	437	1	equilibrium	equilibrium	NOUN
issue-1803	437	2	in	in	ADP
issue-1803	437	3	a	a	DET
issue-1803	437	4	capital	capital	NOUN
issue-1803	437	5	asset	asset	NOUN
issue-1803	437	6	market	market	NOUN
issue-1803	437	7	.	.	PUNCT
issue-1803	438	1	econometrica	econometrica	PROPN
issue-1803	438	2	:	:	PUNCT
issue-1803	438	3	journal	journal	NOUN
issue-1803	438	4	of	of	ADP
issue-1803	438	5	the	the	DET
issue-1803	438	6	econometric	econometric	ADJ
issue-1803	438	7	society	society	NOUN
issue-1803	438	8	,	,	PUNCT
issue-1803	438	9	pp	pp	ADV
issue-1803	438	10	.	.	PUNCT
issue-1803	439	1	768–783	768–783	X
issue-1803	439	2	.	.	PUNCT
issue-1803	440	1	msci	msci	PROPN
issue-1803	440	2	(	(	PUNCT
issue-1803	440	3	2022	2022	NUM
issue-1803	440	4	)	)	PUNCT
issue-1803	440	5	.	.	PUNCT
issue-1803	441	1	msci	msci	PROPN
issue-1803	441	2	indexes	index	NOUN
issue-1803	441	3	performance	performance	NOUN
issue-1803	441	4	.	.	PUNCT
issue-1803	442	1	end	end	NOUN
issue-1803	442	2	of	of	ADP
issue-1803	442	3	day	day	NOUN
issue-1803	442	4	index	index	NOUN
issue-1803	442	5	data	datum	NOUN
issue-1803	442	6	search	search	NOUN
issue-1803	442	7	.	.	PUNCT
issue-1803	443	1	morgan	morgan	PROPN
issue-1803	443	2	stanley	stanley	PROPN
issue-1803	443	3	capital	capital	PROPN
issue-1803	443	4	international	international	PROPN
issue-1803	443	5	.	.	PUNCT
issue-1803	444	1	available	available	ADJ
issue-1803	444	2	at	at	ADP
issue-1803	444	3	:	:	PUNCT
issue-1803	444	4	https://www.msci.com/end-of-day-data-search	https://www.msci.com/end-of-day-data-search	PROPN
issue-1803	444	5	omisore	omisore	NOUN
issue-1803	444	6	,	,	PUNCT
issue-1803	444	7	i.	i.	PROPN
issue-1803	444	8	,	,	PUNCT
issue-1803	444	9	yusuf	yusuf	PROPN
issue-1803	444	10	,	,	PUNCT
issue-1803	444	11	m.	m.	NOUN
issue-1803	444	12	,	,	PUNCT
issue-1803	444	13	&	&	CCONJ
issue-1803	444	14	christopher	christopher	PROPN
issue-1803	444	15	,	,	PUNCT
issue-1803	444	16	n.	n.	PROPN
issue-1803	444	17	(	(	PUNCT
issue-1803	444	18	2011	2011	NUM
issue-1803	444	19	)	)	PUNCT
issue-1803	444	20	.	.	PUNCT
issue-1803	445	1	the	the	DET
issue-1803	445	2	modern	modern	ADJ
issue-1803	445	3	portfolio	portfolio	NOUN
issue-1803	445	4	theory	theory	NOUN
issue-1803	445	5	as	as	ADP
issue-1803	445	6	an	an	DET
issue-1803	445	7	investment	investment	NOUN
issue-1803	445	8	decision	decision	NOUN
issue-1803	445	9	tool	tool	NOUN
issue-1803	445	10	.	.	PUNCT
issue-1803	446	1	journal	journal	NOUN
issue-1803	446	2	of	of	ADP
issue-1803	446	3	accounting	accounting	NOUN
issue-1803	446	4	and	and	CCONJ
issue-1803	446	5	taxation	taxation	NOUN
issue-1803	446	6	,	,	PUNCT
issue-1803	446	7	vol	vol	NOUN
issue-1803	446	8	.	.	PROPN
issue-1803	446	9	4(2	4(2	NUM
issue-1803	446	10	)	)	PUNCT
issue-1803	446	11	,	,	PUNCT
issue-1803	446	12	pp	pp	PROPN
issue-1803	446	13	.	.	PUNCT
issue-1803	447	1	19–28	19–28	NUM
issue-1803	447	2	.	.	PUNCT
issue-1803	447	3	perold	perold	PROPN
issue-1803	447	4	,	,	PUNCT
issue-1803	447	5	a.	a.	PROPN
issue-1803	447	6	f.	f.	PROPN
issue-1803	447	7	(	(	PUNCT
issue-1803	447	8	2004	2004	NUM
issue-1803	447	9	)	)	PUNCT
issue-1803	447	10	.	.	PUNCT
issue-1803	448	1	the	the	DET
issue-1803	448	2	capital	capital	NOUN
issue-1803	448	3	asset	asset	NOUN
issue-1803	448	4	pricing	pricing	NOUN
issue-1803	448	5	model	model	NOUN
issue-1803	448	6	.	.	PUNCT
issue-1803	449	1	journal	journal	PROPN
issue-1803	449	2	of	of	ADP
issue-1803	449	3	economic	economic	ADJ
issue-1803	449	4	perspectives	perspective	NOUN
issue-1803	449	5	,	,	PUNCT
issue-1803	449	6	vol	vol	NOUN
issue-1803	449	7	.	.	PUNCT
issue-1803	449	8	18(3	18(3	NUM
issue-1803	449	9	)	)	PUNCT
issue-1803	449	10	,	,	PUNCT
issue-1803	449	11	pp	pp	PROPN
issue-1803	449	12	.	.	PUNCT
issue-1803	450	1	3–24	3–24	PROPN
issue-1803	450	2	.	.	PUNCT
issue-1803	451	1	pompian	pompian	ADJ
issue-1803	451	2	,	,	PUNCT
issue-1803	451	3	m.	m.	NOUN
issue-1803	451	4	(	(	PUNCT
issue-1803	451	5	2012	2012	NUM
issue-1803	451	6	)	)	PUNCT
issue-1803	451	7	.	.	PUNCT
issue-1803	452	1	behavioral	behavioral	ADJ
issue-1803	452	2	finance	finance	NOUN
issue-1803	452	3	and	and	CCONJ
issue-1803	452	4	investor	investor	NOUN
issue-1803	452	5	types	type	NOUN
issue-1803	452	6	.	.	PUNCT
issue-1803	453	1	private	private	ADJ
issue-1803	453	2	wealth	wealth	NOUN
issue-1803	453	3	management	management	NOUN
issue-1803	453	4	feature	feature	NOUN
issue-1803	453	5	articles	article	NOUN
issue-1803	453	6	,	,	PUNCT
issue-1803	453	7	vol	vol	NOUN
issue-1803	453	8	.	.	PROPN
issue-1803	453	9	1	1	NUM
issue-1803	453	10	,	,	PUNCT
issue-1803	453	11	pp	pp	ADJ
issue-1803	453	12	.	.	PUNCT
issue-1803	454	1	1–3	1–3	NOUN
issue-1803	454	2	.	.	PUNCT
issue-1803	454	3	rodríguez	rodríguez	NOUN
issue-1803	454	4	,	,	PUNCT
issue-1803	454	5	y.	y.	PROPN
issue-1803	454	6	e.	e.	PROPN
issue-1803	454	7	,	,	PUNCT
issue-1803	454	8	gómez	gómez	NOUN
issue-1803	454	9	,	,	PUNCT
issue-1803	454	10	j.	j.	PROPN
issue-1803	454	11	m.	m.	PROPN
issue-1803	454	12	,	,	PUNCT
issue-1803	454	13	&	&	CCONJ
issue-1803	454	14	contreras	contreras	PROPN
issue-1803	454	15	,	,	PUNCT
issue-1803	454	16	j.	j.	PROPN
issue-1803	454	17	(	(	PUNCT
issue-1803	454	18	2021	2021	NUM
issue-1803	454	19	)	)	PUNCT
issue-1803	454	20	.	.	PUNCT
issue-1803	455	1	diversified	diversify	VERB
issue-1803	455	2	behavioral	behavioral	ADJ
issue-1803	455	3	portfolio	portfolio	NOUN
issue-1803	455	4	as	as	ADP
issue-1803	455	5	an	an	DET
issue-1803	455	6	alternative	alternative	NOUN
issue-1803	455	7	to	to	ADP
issue-1803	455	8	modern	modern	ADJ
issue-1803	455	9	portfolio	portfolio	NOUN
issue-1803	455	10	theory	theory	NOUN
issue-1803	455	11	.	.	PUNCT
issue-1803	456	1	the	the	DET
issue-1803	456	2	north	north	ADJ
issue-1803	456	3	american	american	ADJ
issue-1803	456	4	journal	journal	PROPN
issue-1803	456	5	of	of	ADP
issue-1803	456	6	economics	economic	NOUN
issue-1803	456	7	and	and	CCONJ
issue-1803	456	8	finance	finance	NOUN
issue-1803	456	9	,	,	PUNCT
issue-1803	456	10	vol	vol	NOUN
issue-1803	456	11	.	.	PROPN
issue-1803	456	12	58	58	NUM
issue-1803	456	13	,	,	PUNCT
issue-1803	456	14	101508	101508	NUM
issue-1803	456	15	.	.	PUNCT
issue-1803	457	1	rogach	rogach	NOUN
issue-1803	457	2	,	,	PUNCT
issue-1803	457	3	o.	o.	ADV
issue-1803	457	4	,	,	PUNCT
issue-1803	457	5	and	and	CCONJ
issue-1803	457	6	dziuba	dziuba	PROPN
issue-1803	457	7	,	,	PUNCT
issue-1803	457	8	p.	p.	NOUN
issue-1803	457	9	(	(	PUNCT
issue-1803	457	10	2011	2011	NUM
issue-1803	457	11	)	)	PUNCT
issue-1803	457	12	.	.	PUNCT
issue-1803	458	1	mizhnarodnyi	mizhnarodnyi	PROPN
issue-1803	458	2	investytsiinyi	investytsiinyi	PROPN
issue-1803	458	3	menedzhment	menedzhment	NOUN
issue-1803	458	4	:	:	PUNCT
issue-1803	458	5	pidruchnyk	pidruchnyk	PROPN
issue-1803	459	1	[	[	X
issue-1803	459	2	international	international	ADJ
issue-1803	459	3	investment	investment	NOUN
issue-1803	459	4	management	management	NOUN
issue-1803	459	5	:	:	PUNCT
issue-1803	459	6	textbook	textbook	NOUN
issue-1803	459	7	]	]	PUNCT
issue-1803	459	8	.	.	PUNCT
issue-1803	460	1	publishing	publishing	NOUN
issue-1803	460	2	and	and	CCONJ
issue-1803	460	3	printing	printing	NOUN
issue-1803	460	4	center	center	NOUN
issue-1803	460	5	,	,	PUNCT
issue-1803	460	6	university	university	NOUN
issue-1803	460	7	of	of	ADP
issue-1803	460	8	kyiv	kyiv	PROPN
issue-1803	460	9	,	,	PUNCT
issue-1803	460	10	kyiv	kyiv	PROPN
issue-1803	460	11	.	.	PUNCT
issue-1803	461	1	(	(	PUNCT
issue-1803	461	2	in	in	ADP
issue-1803	461	3	ukrainian	ukrainian	ADJ
issue-1803	461	4	)	)	PUNCT
issue-1803	461	5	roy	roy	PROPN
issue-1803	461	6	,	,	PUNCT
issue-1803	461	7	a.	a.	PROPN
issue-1803	461	8	d.	d.	PROPN
issue-1803	461	9	(	(	PUNCT
issue-1803	461	10	1952	1952	NUM
issue-1803	461	11	)	)	PUNCT
issue-1803	461	12	.	.	PUNCT
issue-1803	462	1	safety	safety	NOUN
issue-1803	462	2	first	first	ADV
issue-1803	462	3	and	and	CCONJ
issue-1803	462	4	the	the	DET
issue-1803	462	5	holding	holding	NOUN
issue-1803	462	6	of	of	ADP
issue-1803	462	7	assets	asset	NOUN
issue-1803	462	8	.	.	PUNCT
issue-1803	463	1	econometric	econometric	ADJ
issue-1803	463	2	,	,	PUNCT
issue-1803	463	3	vol	vol	NOUN
issue-1803	463	4	.	.	PROPN
issue-1803	463	5	20	20	NUM
issue-1803	463	6	,	,	PUNCT
issue-1803	463	7	pp	pp	ADJ
issue-1803	463	8	.	.	PUNCT
issue-1803	464	1	431–439	431–439	NUM
issue-1803	464	2	.	.	PUNCT
issue-1803	465	1	sercu	sercu	PROPN
issue-1803	465	2	,	,	PUNCT
issue-1803	465	3	p.	p.	NOUN
issue-1803	465	4	(	(	PUNCT
issue-1803	465	5	1980	1980	NUM
issue-1803	465	6	)	)	PUNCT
issue-1803	465	7	.	.	PUNCT
issue-1803	466	1	a	a	DET
issue-1803	466	2	generalisation	generalisation	NOUN
issue-1803	466	3	of	of	ADP
issue-1803	466	4	the	the	DET
issue-1803	466	5	international	international	ADJ
issue-1803	466	6	asset	asset	NOUN
issue-1803	466	7	pricing	pricing	NOUN
issue-1803	466	8	model	model	NOUN
issue-1803	466	9	.	.	PUNCT
issue-1803	467	1	revue	revue	PROPN
issue-1803	467	2	finance	finance	NOUN
issue-1803	467	3	,	,	PUNCT
issue-1803	467	4	vol	vol	NOUN
issue-1803	467	5	.	.	NOUN
issue-1803	467	6	1(1	1(1	NUM
issue-1803	467	7	)	)	PUNCT
issue-1803	467	8	,	,	PUNCT
issue-1803	467	9	pp	pp	ADP
issue-1803	467	10	.	.	PUNCT
issue-1803	468	1	91–135	91–135	PROPN
issue-1803	468	2	.	.	PUNCT
issue-1803	469	1	sharpe	sharpe	PROPN
issue-1803	469	2	,	,	PUNCT
issue-1803	469	3	w.	w.	PROPN
issue-1803	469	4	f.	f.	PROPN
issue-1803	469	5	(	(	PUNCT
issue-1803	469	6	1964	1964	NUM
issue-1803	469	7	)	)	PUNCT
issue-1803	469	8	.	.	PUNCT
issue-1803	470	1	capital	capital	NOUN
issue-1803	470	2	asset	asset	NOUN
issue-1803	470	3	prices	price	NOUN
issue-1803	470	4	:	:	PUNCT
issue-1803	470	5	a	a	DET
issue-1803	470	6	theory	theory	NOUN
issue-1803	470	7	of	of	ADP
issue-1803	470	8	market	market	NOUN
issue-1803	470	9	equilibrium	equilibrium	NOUN
issue-1803	470	10	under	under	ADP
issue-1803	470	11	conditions	condition	NOUN
issue-1803	470	12	of	of	ADP
issue-1803	470	13	risk	risk	NOUN
issue-1803	470	14	.	.	PUNCT
issue-1803	471	1	the	the	DET
issue-1803	471	2	journal	journal	NOUN
issue-1803	471	3	of	of	ADP
issue-1803	471	4	finance	finance	NOUN
issue-1803	471	5	,	,	PUNCT
issue-1803	471	6	vol	vol	NOUN
issue-1803	471	7	.	.	NOUN
issue-1803	471	8	19(3	19(3	NUM
issue-1803	471	9	)	)	PUNCT
issue-1803	471	10	,	,	PUNCT
issue-1803	471	11	pp	pp	ADP
issue-1803	471	12	.	.	PUNCT
issue-1803	472	1	425–442	425–442	NUM
issue-1803	472	2	.	.	PUNCT
issue-1803	473	1	shiller	shiller	PROPN
issue-1803	473	2	,	,	PUNCT
issue-1803	473	3	r.	r.	PROPN
issue-1803	473	4	j.	j.	PROPN
issue-1803	473	5	(	(	PUNCT
issue-1803	473	6	2015	2015	NUM
issue-1803	473	7	)	)	PUNCT
issue-1803	473	8	.	.	PUNCT
issue-1803	474	1	irrational	irrational	ADJ
issue-1803	474	2	exuberance	exuberance	NOUN
issue-1803	474	3	:	:	PUNCT
issue-1803	474	4	revised	revise	VERB
issue-1803	474	5	and	and	CCONJ
issue-1803	474	6	expanded	expand	VERB
issue-1803	474	7	third	third	ADJ
issue-1803	474	8	edition	edition	NOUN
issue-1803	474	9	.	.	PUNCT
issue-1803	475	1	princeton	princeton	PROPN
issue-1803	475	2	university	university	PROPN
issue-1803	475	3	press	press	NOUN
issue-1803	475	4	.	.	PUNCT
issue-1803	476	1	solnik	solnik	PROPN
issue-1803	476	2	,	,	PUNCT
issue-1803	476	3	b.	b.	PROPN
issue-1803	476	4	(	(	PUNCT
issue-1803	476	5	2008	2008	NUM
issue-1803	476	6	)	)	PUNCT
issue-1803	476	7	.	.	PUNCT
issue-1803	477	1	equity	equity	NOUN
issue-1803	477	2	home	home	NOUN
issue-1803	477	3	bias	bias	NOUN
issue-1803	477	4	and	and	CCONJ
issue-1803	477	5	regret	regret	NOUN
issue-1803	477	6	:	:	PUNCT
issue-1803	477	7	an	an	DET
issue-1803	477	8	international	international	ADJ
issue-1803	477	9	equilibrium	equilibrium	NOUN
issue-1803	477	10	model	model	NOUN
issue-1803	477	11	.	.	PUNCT
issue-1803	478	1	ssrn	ssrn	PROPN
issue-1803	478	2	electronic	electronic	ADJ
issue-1803	478	3	journal	journal	NOUN
issue-1803	478	4	.	.	PUNCT
issue-1803	479	1	doi	doi	NOUN
issue-1803	479	2	:	:	PUNCT
issue-1803	479	3	https://doi.org/10.2139/ssrn.828405	https://doi.org/10.2139/ssrn.828405	NUM
issue-1803	479	4	baltic	baltic	ADJ
issue-1803	479	5	journal	journal	NOUN
issue-1803	479	6	of	of	ADP
issue-1803	479	7	economic	economic	ADJ
issue-1803	479	8	studies	study	NOUN
issue-1803	479	9	64	64	NUM
issue-1803	479	10	vol	vol	NOUN
issue-1803	479	11	.	.	PROPN
issue-1803	479	12	8	8	NUM
issue-1803	480	1	no	no	NOUN
issue-1803	480	2	.	.	NOUN
issue-1803	481	1	3	3	NUM
issue-1803	481	2	,	,	PUNCT
issue-1803	481	3	2022	2022	NUM
issue-1803	481	4	solnik	solnik	X
issue-1803	481	5	,	,	PUNCT
issue-1803	481	6	b.	b.	PROPN
issue-1803	481	7	h.	h.	PROPN
issue-1803	481	8	(	(	PUNCT
issue-1803	481	9	1974a	1974a	NUM
issue-1803	481	10	)	)	PUNCT
issue-1803	481	11	.	.	PUNCT
issue-1803	482	1	why	why	SCONJ
issue-1803	482	2	not	not	PART
issue-1803	482	3	diversify	diversify	VERB
issue-1803	482	4	internationally	internationally	ADV
issue-1803	482	5	rather	rather	ADV
issue-1803	482	6	than	than	ADP
issue-1803	482	7	domestically	domestically	ADV
issue-1803	482	8	?	?	PUNCT
issue-1803	483	1	financial	financial	ADJ
issue-1803	483	2	analysts	analyst	NOUN
issue-1803	483	3	journal	journal	NOUN
issue-1803	483	4	,	,	PUNCT
issue-1803	483	5	vol	vol	NOUN
issue-1803	483	6	.	.	PUNCT
issue-1803	483	7	30(4	30(4	NUM
issue-1803	483	8	)	)	PUNCT
issue-1803	483	9	,	,	PUNCT
issue-1803	483	10	pp	pp	PROPN
issue-1803	483	11	.	.	PUNCT
issue-1803	484	1	48–54	48–54	NUM
issue-1803	484	2	.	.	PUNCT
issue-1803	485	1	solnik	solnik	PROPN
issue-1803	485	2	,	,	PUNCT
issue-1803	485	3	b.	b.	PROPN
issue-1803	485	4	h.	h.	PROPN
issue-1803	485	5	(	(	PUNCT
issue-1803	485	6	1974b	1974b	NUM
issue-1803	485	7	)	)	PUNCT
issue-1803	485	8	.	.	PUNCT
issue-1803	486	1	an	an	DET
issue-1803	486	2	equilibrium	equilibrium	NOUN
issue-1803	486	3	model	model	NOUN
issue-1803	486	4	of	of	ADP
issue-1803	486	5	the	the	DET
issue-1803	486	6	international	international	ADJ
issue-1803	486	7	capital	capital	NOUN
issue-1803	486	8	market	market	NOUN
issue-1803	486	9	.	.	PUNCT
issue-1803	487	1	journal	journal	NOUN
issue-1803	487	2	of	of	ADP
issue-1803	487	3	economic	economic	ADJ
issue-1803	487	4	theory	theory	NOUN
issue-1803	487	5	,	,	PUNCT
issue-1803	487	6	vol	vol	NOUN
issue-1803	487	7	.	.	PUNCT
issue-1803	487	8	8(4	8(4	NOUN
issue-1803	487	9	)	)	PUNCT
issue-1803	487	10	,	,	PUNCT
issue-1803	487	11	pp	pp	ADP
issue-1803	487	12	.	.	PUNCT
issue-1803	488	1	500–524	500–524	NUM
issue-1803	488	2	.	.	PUNCT
issue-1803	489	1	tesar	tesar	ADJ
issue-1803	489	2	,	,	PUNCT
issue-1803	489	3	l.	l.	PROPN
issue-1803	489	4	l.	l.	PROPN
issue-1803	489	5	,	,	PUNCT
issue-1803	489	6	&	&	CCONJ
issue-1803	489	7	werner	werner	PROPN
issue-1803	489	8	,	,	PUNCT
issue-1803	489	9	i.	i.	PROPN
issue-1803	489	10	m.	m.	PROPN
issue-1803	489	11	(	(	PUNCT
issue-1803	489	12	1994	1994	NUM
issue-1803	489	13	)	)	PUNCT
issue-1803	489	14	.	.	PUNCT
issue-1803	490	1	international	international	ADJ
issue-1803	490	2	equity	equity	NOUN
issue-1803	490	3	transactions	transaction	NOUN
issue-1803	490	4	and	and	CCONJ
issue-1803	490	5	us	us	PROPN
issue-1803	490	6	portfolio	portfolio	NOUN
issue-1803	490	7	choice	choice	NOUN
issue-1803	490	8	.	.	PUNCT
issue-1803	491	1	the	the	DET
issue-1803	491	2	internationalization	internationalization	NOUN
issue-1803	491	3	of	of	ADP
issue-1803	491	4	equity	equity	NOUN
issue-1803	491	5	markets	market	NOUN
issue-1803	491	6	(	(	PUNCT
issue-1803	491	7	pp	pp	ADJ
issue-1803	491	8	.	.	PUNCT
issue-1803	492	1	185–227	185–227	NUM
issue-1803	492	2	)	)	PUNCT
issue-1803	492	3	.	.	PUNCT
issue-1803	493	1	university	university	NOUN
issue-1803	493	2	of	of	ADP
issue-1803	493	3	chicago	chicago	PROPN
issue-1803	493	4	press	press	PROPN
issue-1803	493	5	.	.	PUNCT
issue-1803	494	1	thaler	thaler	PROPN
issue-1803	494	2	,	,	PUNCT
issue-1803	494	3	r.	r.	PROPN
issue-1803	494	4	(	(	PUNCT
issue-1803	494	5	1980	1980	NUM
issue-1803	494	6	)	)	PUNCT
issue-1803	494	7	.	.	PUNCT
issue-1803	495	1	toward	toward	ADP
issue-1803	495	2	a	a	DET
issue-1803	495	3	positive	positive	ADJ
issue-1803	495	4	theory	theory	NOUN
issue-1803	495	5	of	of	ADP
issue-1803	495	6	consumer	consumer	NOUN
issue-1803	495	7	choice	choice	NOUN
issue-1803	495	8	.	.	PUNCT
issue-1803	496	1	journal	journal	NOUN
issue-1803	496	2	of	of	ADP
issue-1803	496	3	economic	economic	ADJ
issue-1803	496	4	behavior	behavior	NOUN
issue-1803	496	5	&	&	CCONJ
issue-1803	496	6	organization	organization	PROPN
issue-1803	496	7	,	,	PUNCT
issue-1803	496	8	vol	vol	NOUN
issue-1803	496	9	.	.	NOUN
issue-1803	496	10	1(1	1(1	NUM
issue-1803	496	11	)	)	PUNCT
issue-1803	496	12	,	,	PUNCT
issue-1803	496	13	pp	pp	ADJ
issue-1803	496	14	.	.	PUNCT
issue-1803	497	1	39–60	39–60	NUM
issue-1803	497	2	.	.	PUNCT
issue-1803	497	3	treynor	treynor	PROPN
issue-1803	497	4	,	,	PUNCT
issue-1803	497	5	j.	j.	PROPN
issue-1803	497	6	l.	l.	PROPN
issue-1803	497	7	(	(	PUNCT
issue-1803	497	8	1965	1965	NUM
issue-1803	497	9	)	)	PUNCT
issue-1803	497	10	.	.	PUNCT
issue-1803	498	1	how	how	SCONJ
issue-1803	498	2	to	to	PART
issue-1803	498	3	rate	rate	VERB
issue-1803	498	4	the	the	DET
issue-1803	498	5	performance	performance	NOUN
issue-1803	498	6	of	of	ADP
issue-1803	498	7	mutual	mutual	ADJ
issue-1803	498	8	funds	fund	NOUN
issue-1803	498	9	.	.	PUNCT
issue-1803	499	1	harvard	harvard	PROPN
issue-1803	499	2	business	business	PROPN
issue-1803	499	3	review	review	PROPN
issue-1803	499	4	,	,	PUNCT
issue-1803	499	5	vol	vol	NOUN
issue-1803	499	6	.	.	PROPN
issue-1803	499	7	43	43	NUM
issue-1803	499	8	,	,	PUNCT
issue-1803	499	9	pp	pp	ADJ
issue-1803	499	10	.	.	PUNCT
issue-1803	500	1	63–75	63–75	X
issue-1803	500	2	.	.	PUNCT
issue-1803	501	1	vanpée	vanpée	ADV
issue-1803	501	2	,	,	PUNCT
issue-1803	501	3	r.	r.	PROPN
issue-1803	501	4	,	,	PUNCT
issue-1803	501	5	&	&	CCONJ
issue-1803	501	6	de	de	PROPN
issue-1803	501	7	moor	moor	PROPN
issue-1803	501	8	,	,	PUNCT
issue-1803	501	9	l.	l.	PROPN
issue-1803	501	10	(	(	PUNCT
issue-1803	501	11	2012	2012	NUM
issue-1803	501	12	)	)	PUNCT
issue-1803	501	13	.	.	PUNCT
issue-1803	502	1	bond	bond	NOUN
issue-1803	502	2	and	and	CCONJ
issue-1803	502	3	equity	equity	NOUN
issue-1803	502	4	home	home	NOUN
issue-1803	502	5	bias	bias	NOUN
issue-1803	502	6	and	and	CCONJ
issue-1803	502	7	foreign	foreign	ADJ
issue-1803	502	8	bias	bias	NOUN
issue-1803	502	9	:	:	PUNCT
issue-1803	502	10	an	an	DET
issue-1803	502	11	international	international	ADJ
issue-1803	502	12	study	study	NOUN
issue-1803	502	13	.	.	PUNCT
issue-1803	503	1	fbe	fbe	ADJ
issue-1803	503	2	research	research	NOUN
issue-1803	503	3	report	report	NOUN
issue-1803	503	4	afi_1269	afi_1269	ADP
issue-1803	503	5	,	,	PUNCT
issue-1803	503	6	pp	pp	PROPN
issue-1803	503	7	.	.	PUNCT
issue-1803	504	1	1–35	1–35	PROPN
issue-1803	504	2	.	.	PUNCT
issue-1803	505	1	yakubovskiy	yakubovskiy	PROPN
issue-1803	505	2	,	,	PUNCT
issue-1803	505	3	s.	s.	PROPN
issue-1803	505	4	,	,	PUNCT
issue-1803	505	5	dominese	dominese	PROPN
issue-1803	505	6	,	,	PUNCT
issue-1803	505	7	g.	g.	PROPN
issue-1803	505	8	,	,	PUNCT
issue-1803	505	9	rodionova	rodionova	NOUN
issue-1803	505	10	,	,	PUNCT
issue-1803	505	11	t.	t.	PROPN
issue-1803	505	12	,	,	PUNCT
issue-1803	505	13	&	&	CCONJ
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issue-1803	505	15	,	,	PUNCT
issue-1803	505	16	v.	v.	PROPN
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issue-1803	505	18	2021	2021	NUM
issue-1803	505	19	)	)	PUNCT
issue-1803	505	20	.	.	PUNCT
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issue-1803	506	3	the	the	DET
issue-1803	506	4	government	government	NOUN
issue-1803	506	5	bond	bond	NOUN
issue-1803	506	6	yields	yield	NOUN
issue-1803	506	7	of	of	ADP
issue-1803	506	8	italy	italy	PROPN
issue-1803	506	9	,	,	PUNCT
issue-1803	506	10	spain	spain	PROPN
issue-1803	506	11	,	,	PUNCT
issue-1803	506	12	portugal	portugal	PROPN
issue-1803	506	13	and	and	CCONJ
issue-1803	506	14	greece	greece	PROPN
issue-1803	506	15	.	.	PROPN
issue-1803	506	16	journal	journal	PROPN
issue-1803	506	17	global	global	ADJ
issue-1803	506	18	policy	policy	NOUN
issue-1803	506	19	and	and	CCONJ
issue-1803	506	20	governance	governance	NOUN
issue-1803	506	21	,	,	PUNCT
issue-1803	506	22	vol	vol	NOUN
issue-1803	506	23	.	.	PUNCT
issue-1803	506	24	10(1	10(1	NUM
issue-1803	506	25	)	)	PUNCT
issue-1803	506	26	,	,	PUNCT
issue-1803	506	27	pp	pp	ADJ
issue-1803	506	28	.	.	PUNCT
issue-1803	507	1	23–34	23–34	NUM
issue-1803	507	2	.	.	X
issue-1803	508	1	yang	yang	PROPN
issue-1803	508	2	,	,	PUNCT
issue-1803	508	3	l.	l.	PROPN
issue-1803	508	4	(	(	PUNCT
issue-1803	508	5	2019	2019	NUM
issue-1803	508	6	)	)	PUNCT
issue-1803	508	7	.	.	PUNCT
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issue-1803	509	2	aversion	aversion	NOUN
issue-1803	509	3	in	in	ADP
issue-1803	509	4	financial	financial	ADJ
issue-1803	509	5	markets	market	NOUN
issue-1803	509	6	.	.	PUNCT
issue-1803	510	1	journal	journal	NOUN
issue-1803	510	2	of	of	ADP
issue-1803	510	3	mechanism	mechanism	NOUN
issue-1803	510	4	and	and	CCONJ
issue-1803	510	5	institution	institution	NOUN
issue-1803	510	6	design	design	NOUN
issue-1803	510	7	,	,	PUNCT
issue-1803	510	8	vol	vol	NOUN
issue-1803	510	9	.	.	PUNCT
issue-1803	510	10	4(1	4(1	NOUN
issue-1803	510	11	)	)	PUNCT
issue-1803	510	12	,	,	PUNCT
issue-1803	510	13	pp	pp	ADP
issue-1803	510	14	.	.	PUNCT
issue-1803	511	1	119–137	119–137	NUM
issue-1803	511	2	.	.	PUNCT
issue-1803	512	1	zadoia	zadoia	PROPN
issue-1803	512	2	,	,	PUNCT
issue-1803	512	3	a.	a.	NOUN
issue-1803	512	4	(	(	PUNCT
issue-1803	512	5	2021	2021	NUM
issue-1803	512	6	)	)	PUNCT
issue-1803	512	7	.	.	PUNCT
issue-1803	513	1	mizhnarodna	mizhnarodna	PROPN
issue-1803	513	2	investytsiina	investytsiina	PROPN
issue-1803	513	3	pozytsiia	pozytsiia	VERB
issue-1803	513	4	krainy	krainy	PROPN
issue-1803	513	5	:	:	PUNCT
issue-1803	513	6	klasyfikatsiia	klasyfikatsiia	VERB
issue-1803	513	7	modelei	modelei	PROPN
issue-1803	514	1	[	[	X
issue-1803	514	2	international	international	ADJ
issue-1803	514	3	investment	investment	NOUN
issue-1803	514	4	position	position	NOUN
issue-1803	514	5	of	of	ADP
issue-1803	514	6	a	a	DET
issue-1803	514	7	country	country	NOUN
issue-1803	514	8	:	:	PUNCT
issue-1803	514	9	models	model	VERB
issue-1803	514	10	classification	classification	NOUN
issue-1803	514	11	]	]	PUNCT
issue-1803	514	12	.	.	PUNCT
issue-1803	515	1	proceedings	proceeding	NOUN
issue-1803	515	2	of	of	ADP
issue-1803	515	3	the	the	DET
issue-1803	515	4	international	international	ADJ
issue-1803	515	5	scientific	scientific	ADJ
issue-1803	515	6	and	and	CCONJ
issue-1803	515	7	practical	practical	ADJ
issue-1803	515	8	conference	conference	NOUN
issue-1803	515	9	“	"	PUNCT
issue-1803	515	10	systemic	systemic	ADJ
issue-1803	515	11	analysis	analysis	NOUN
issue-1803	515	12	of	of	ADP
issue-1803	515	13	international	international	ADJ
issue-1803	515	14	economic	economic	ADJ
issue-1803	515	15	relations	relation	NOUN
issue-1803	515	16	”	"	PUNCT
issue-1803	515	17	,	,	PUNCT
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issue-1803	515	19	-	-	SYM
issue-1803	515	20	25	25	NUM
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issue-1803	515	22	,	,	PUNCT
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issue-1803	515	24	.	.	PUNCT
issue-1803	516	1	(	(	PUNCT
issue-1803	516	2	in	in	ADP
issue-1803	516	3	ukrainian	ukrainian	ADJ
issue-1803	516	4	)	)	PUNCT
issue-1803	516	5	received	receive	VERB
issue-1803	516	6	on	on	ADP
issue-1803	516	7	:	:	PUNCT
issue-1803	516	8	3th	3th	NOUN
issue-1803	516	9	of	of	ADP
issue-1803	516	10	august	august	PROPN
issue-1803	516	11	,	,	PUNCT
issue-1803	516	12	2022	2022	NUM
issue-1803	516	13	accepted	accept	VERB
issue-1803	516	14	on	on	ADP
issue-1803	516	15	:	:	PUNCT
issue-1803	516	16	31th	31th	NOUN
issue-1803	516	17	of	of	ADP
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issue-1803	516	19	,	,	PUNCT
issue-1803	516	20	2022	2022	NUM
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issue-1803	516	22	on	on	ADP
issue-1803	516	23	:	:	PUNCT
issue-1803	516	24	30th	30th	NOUN
issue-1803	516	25	of	of	ADP
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issue-1803	516	27	,	,	PUNCT
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