id sid tid token lemma pos issue-199 1 1 baltic baltic PROPN issue-199 1 2 journal journal PROPN issue-199 1 3 of of ADP issue-199 1 4 economic economic ADJ issue-199 1 5 studies study NOUN issue-199 1 6 64 64 NUM issue-199 1 7 vol vol NOUN issue-199 1 8 . . PUNCT issue-199 2 1 3 3 NUM issue-199 2 2 , , PUNCT issue-199 2 3 no no INTJ issue-199 2 4 . . NOUN issue-199 2 5 3 3 NUM issue-199 2 6 , , PUNCT issue-199 2 7 2017 2017 NUM issue-199 2 8 corresponding correspond VERB issue-199 2 9 author author NOUN issue-199 2 10 : : PUNCT issue-199 2 11 1 1 NUM issue-199 2 12 department department NOUN issue-199 2 13 of of ADP issue-199 2 14 accounting accounting NOUN issue-199 2 15 , , PUNCT issue-199 2 16 analysis analysis NOUN issue-199 2 17 and and CCONJ issue-199 2 18 audit audit NOUN issue-199 2 19 , , PUNCT issue-199 2 20 yuriy yuriy PROPN issue-199 2 21 fedkovych fedkovych PROPN issue-199 2 22 chernivtsi chernivtsi PROPN issue-199 2 23 national national PROPN issue-199 2 24 university university PROPN issue-199 2 25 . . PUNCT issue-199 3 1 email email NOUN issue-199 3 2 : : PUNCT issue-199 3 3 o-hudyk@chnu.edu.ua o-hudyk@chnu.edu.ua PROPN issue-199 3 4 strategic strategic ADJ issue-199 3 5 financial financial ADJ issue-199 3 6 analysis analysis NOUN issue-199 3 7 of of ADP issue-199 3 8 the the DET issue-199 3 9 flour flour NOUN issue-199 3 10 - - PUNCT issue-199 3 11 and and CCONJ issue-199 3 12 - - PUNCT issue-199 3 13 cereals cereal NOUN issue-199 3 14 industry industry NOUN issue-199 3 15 ’s ’s PART issue-199 3 16 enterprises enterprise NOUN issue-199 3 17 capital capital NOUN issue-199 3 18 оlha оlha NOUN issue-199 3 19 khudyk1 khudyk1 PROPN issue-199 3 20 yuriy yuriy PROPN issue-199 3 21 fedkovych fedkovych PROPN issue-199 3 22 chernivtsi chernivtsi PROPN issue-199 3 23 national national PROPN issue-199 3 24 university university PROPN issue-199 3 25 , , PUNCT issue-199 3 26 ukraine ukraine PROPN issue-199 3 27 abstract abstract NOUN issue-199 3 28 . . PUNCT issue-199 4 1 the the DET issue-199 4 2 article article NOUN issue-199 4 3 is be AUX issue-199 4 4 devoted devote VERB issue-199 4 5 to to ADP issue-199 4 6 the the DET issue-199 4 7 theoretical theoretical ADJ issue-199 4 8 and and CCONJ issue-199 4 9 methodological methodological ADJ issue-199 4 10 principles principle NOUN issue-199 4 11 of of ADP issue-199 4 12 strategic strategic ADJ issue-199 4 13 financial financial ADJ issue-199 4 14 analysis analysis NOUN issue-199 4 15 of of ADP issue-199 4 16 capital capital NOUN issue-199 4 17 . . PUNCT issue-199 5 1 the the DET issue-199 5 2 purpose purpose NOUN issue-199 5 3 of of ADP issue-199 5 4 the the DET issue-199 5 5 investigation investigation NOUN issue-199 5 6 is be AUX issue-199 5 7 to to PART issue-199 5 8 develop develop VERB issue-199 5 9 the the DET issue-199 5 10 methodology methodology NOUN issue-199 5 11 aspects aspect NOUN issue-199 5 12 of of ADP issue-199 5 13 the the DET issue-199 5 14 capital capital NOUN issue-199 5 15 structure structure NOUN issue-199 5 16 optimization optimization NOUN issue-199 5 17 of of ADP issue-199 5 18 the the DET issue-199 5 19 flour flour NOUN issue-199 5 20 - - PUNCT issue-199 5 21 and and CCONJ issue-199 5 22 - - PUNCT issue-199 5 23 cereals cereal NOUN issue-199 5 24 industry industry NOUN issue-199 5 25 ’s ’s PART issue-199 5 26 enterprises enterprise NOUN issue-199 5 27 . . PUNCT issue-199 6 1 methodology methodology NOUN issue-199 6 2 . . PUNCT issue-199 7 1 the the DET issue-199 7 2 dialectical dialectical ADJ issue-199 7 3 method method NOUN issue-199 7 4 of of ADP issue-199 7 5 understanding understand VERB issue-199 7 6 the the DET issue-199 7 7 economic economic ADJ issue-199 7 8 processes process NOUN issue-199 7 9 is be AUX issue-199 7 10 the the DET issue-199 7 11 theoretical theoretical ADJ issue-199 7 12 and and CCONJ issue-199 7 13 methodological methodological ADJ issue-199 7 14 basis basis NOUN issue-199 7 15 of of ADP issue-199 7 16 the the DET issue-199 7 17 investigation investigation NOUN issue-199 7 18 . . PUNCT issue-199 8 1 such such ADJ issue-199 8 2 methods method NOUN issue-199 8 3 are be AUX issue-199 8 4 used use VERB issue-199 8 5 for for ADP issue-199 8 6 achieving achieve VERB issue-199 8 7 the the DET issue-199 8 8 purpose purpose NOUN issue-199 8 9 of of ADP issue-199 8 10 the the DET issue-199 8 11 article article NOUN issue-199 8 12 : : PUNCT issue-199 8 13 analysis analysis NOUN issue-199 8 14 and and CCONJ issue-199 8 15 synthesis synthesis NOUN issue-199 8 16 , , PUNCT issue-199 8 17 induction induction NOUN issue-199 8 18 and and CCONJ issue-199 8 19 deduction deduction NOUN issue-199 8 20 , , PUNCT issue-199 8 21 abstract abstract ADJ issue-199 8 22 and and CCONJ issue-199 8 23 logical logical ADJ issue-199 8 24 method method NOUN issue-199 8 25 , , PUNCT issue-199 8 26 comparison comparison NOUN issue-199 8 27 , , PUNCT issue-199 8 28 modelling modelling NOUN issue-199 8 29 , , PUNCT issue-199 8 30 methods method NOUN issue-199 8 31 of of ADP issue-199 8 32 economic economic ADJ issue-199 8 33 statistics statistic NOUN issue-199 8 34 , , PUNCT issue-199 8 35 fuzzy fuzzy ADJ issue-199 8 36 sets set NOUN issue-199 8 37 . . PUNCT issue-199 9 1 results result NOUN issue-199 9 2 . . PUNCT issue-199 10 1 on on ADP issue-199 10 2 the the DET issue-199 10 3 basis basis NOUN issue-199 10 4 of of ADP issue-199 10 5 the the DET issue-199 10 6 present present ADJ issue-199 10 7 state state NOUN issue-199 10 8 of of ADP issue-199 10 9 the the DET issue-199 10 10 methodology methodology NOUN issue-199 10 11 of of ADP issue-199 10 12 the the DET issue-199 10 13 strategic strategic ADJ issue-199 10 14 financial financial ADJ issue-199 10 15 analysis analysis NOUN issue-199 10 16 of of ADP issue-199 10 17 company company NOUN issue-199 10 18 ’s ’s PART issue-199 10 19 capital capital NOUN issue-199 10 20 , , PUNCT issue-199 10 21 it it PRON issue-199 10 22 is be AUX issue-199 10 23 theoretically theoretically ADV issue-199 10 24 grounded ground VERB issue-199 10 25 methodological methodological ADJ issue-199 10 26 approach approach NOUN issue-199 10 27 to to ADP issue-199 10 28 the the DET issue-199 10 29 capital capital NOUN issue-199 10 30 structure structure NOUN issue-199 10 31 optimization optimization NOUN issue-199 10 32 of of ADP issue-199 10 33 the the DET issue-199 10 34 flour flour NOUN issue-199 10 35 - - PUNCT issue-199 10 36 and and CCONJ issue-199 10 37 - - PUNCT issue-199 10 38 cereals cereal NOUN issue-199 10 39 industry industry NOUN issue-199 10 40 ’s ’s PART issue-199 10 41 enterprises enterprise NOUN issue-199 10 42 . . PUNCT issue-199 11 1 as as ADP issue-199 11 2 the the DET issue-199 11 3 result result NOUN issue-199 11 4 of of ADP issue-199 11 5 the the DET issue-199 11 6 research research NOUN issue-199 11 7 , , PUNCT issue-199 11 8 it it PRON issue-199 11 9 is be AUX issue-199 11 10 established establish VERB issue-199 11 11 that that SCONJ issue-199 11 12 the the DET issue-199 11 13 level level NOUN issue-199 11 14 of of ADP issue-199 11 15 equity equity NOUN issue-199 11 16 profitability profitability NOUN issue-199 11 17 and and CCONJ issue-199 11 18 effectiveness effectiveness NOUN issue-199 11 19 of of ADP issue-199 11 20 company company NOUN issue-199 11 21 ’s ’s PART issue-199 11 22 financial financial ADJ issue-199 11 23 and and CCONJ issue-199 11 24 economic economic ADJ issue-199 11 25 activity activity NOUN issue-199 11 26 are be AUX issue-199 11 27 connected connect VERB issue-199 11 28 with with ADP issue-199 11 29 the the DET issue-199 11 30 structure structure NOUN issue-199 11 31 of of ADP issue-199 11 32 funding funding NOUN issue-199 11 33 sources source NOUN issue-199 11 34 . . PUNCT issue-199 12 1 therefore therefore ADV issue-199 12 2 , , PUNCT issue-199 12 3 to to PART issue-199 12 4 determine determine VERB issue-199 12 5 the the DET issue-199 12 6 target target NOUN issue-199 12 7 capital capital NOUN issue-199 12 8 structure structure NOUN issue-199 12 9 , , PUNCT issue-199 12 10 it it PRON issue-199 12 11 is be AUX issue-199 12 12 proposed propose VERB issue-199 12 13 to to PART issue-199 12 14 take take VERB issue-199 12 15 into into ADP issue-199 12 16 account account NOUN issue-199 12 17 comprehensively comprehensively ADV issue-199 12 18 such such ADJ issue-199 12 19 factors factor NOUN issue-199 12 20 as as ADP issue-199 12 21 the the DET issue-199 12 22 adjusted adjusted ADJ issue-199 12 23 profitability profitability NOUN issue-199 12 24 of of ADP issue-199 12 25 capital capital NOUN issue-199 12 26 ( ( PUNCT issue-199 12 27 assets asset NOUN issue-199 12 28 ) ) PUNCT issue-199 12 29 before before ADP issue-199 12 30 interest interest NOUN issue-199 12 31 and and CCONJ issue-199 12 32 weighted weight VERB issue-199 12 33 average average ADJ issue-199 12 34 cost cost NOUN issue-199 12 35 of of ADP issue-199 12 36 capital capital NOUN issue-199 12 37 . . PUNCT issue-199 13 1 since since SCONJ issue-199 13 2 the the DET issue-199 13 3 company company NOUN issue-199 13 4 ’s ’s PART issue-199 13 5 equity equity NOUN issue-199 13 6 is be AUX issue-199 13 7 characterized characterize VERB issue-199 13 8 by by ADP issue-199 13 9 a a DET issue-199 13 10 certain certain ADJ issue-199 13 11 value value NOUN issue-199 13 12 , , PUNCT issue-199 13 13 to to PART issue-199 13 14 determine determine VERB issue-199 13 15 the the DET issue-199 13 16 criterion criterion NOUN issue-199 13 17 of of ADP issue-199 13 18 optimal optimal ADJ issue-199 13 19 capital capital NOUN issue-199 13 20 structure structure NOUN issue-199 13 21 , , PUNCT issue-199 13 22 it it PRON issue-199 13 23 is be AUX issue-199 13 24 necessary necessary ADJ issue-199 13 25 to to PART issue-199 13 26 take take VERB issue-199 13 27 into into ADP issue-199 13 28 consideration consideration NOUN issue-199 13 29 the the DET issue-199 13 30 amount amount NOUN issue-199 13 31 of of ADP issue-199 13 32 expenses expense NOUN issue-199 13 33 to to PART issue-199 13 34 maintain maintain VERB issue-199 13 35 the the DET issue-199 13 36 existing exist VERB issue-199 13 37 funding funding NOUN issue-199 13 38 structure structure NOUN issue-199 13 39 . . PUNCT issue-199 14 1 so so ADV issue-199 14 2 , , PUNCT issue-199 14 3 there there PRON issue-199 14 4 is be VERB issue-199 14 5 the the DET issue-199 14 6 necessity necessity NOUN issue-199 14 7 to to PART issue-199 14 8 use use VERB issue-199 14 9 the the DET issue-199 14 10 modified modify VERB issue-199 14 11 model model NOUN issue-199 14 12 to to PART issue-199 14 13 assess assess VERB issue-199 14 14 the the DET issue-199 14 15 effect effect NOUN issue-199 14 16 of of ADP issue-199 14 17 financial financial ADJ issue-199 14 18 leverage leverage NOUN issue-199 14 19 , , PUNCT issue-199 14 20 considering consider VERB issue-199 14 21 the the DET issue-199 14 22 average average ADJ issue-199 14 23 cost cost NOUN issue-199 14 24 of of ADP issue-199 14 25 capital capital NOUN issue-199 14 26 . . PUNCT issue-199 15 1 the the DET issue-199 15 2 utilization utilization NOUN issue-199 15 3 of of ADP issue-199 15 4 this this DET issue-199 15 5 criterion criterion NOUN issue-199 15 6 requires require VERB issue-199 15 7 establishing establish VERB issue-199 15 8 additional additional ADJ issue-199 15 9 limits limit NOUN issue-199 15 10 of of ADP issue-199 15 11 the the DET issue-199 15 12 optimal optimal ADJ issue-199 15 13 capital capital NOUN issue-199 15 14 structure structure NOUN issue-199 15 15 formation formation NOUN issue-199 15 16 : : PUNCT issue-199 15 17 restrictions restriction NOUN issue-199 15 18 on on ADP issue-199 15 19 the the DET issue-199 15 20 functioning function VERB issue-199 15 21 capital capital NOUN issue-199 15 22 adequacy adequacy NOUN issue-199 15 23 , , PUNCT issue-199 15 24 on on ADP issue-199 15 25 the the DET issue-199 15 26 level level NOUN issue-199 15 27 of of ADP issue-199 15 28 financial financial ADJ issue-199 15 29 stability stability NOUN issue-199 15 30 , , PUNCT issue-199 15 31 on on ADP issue-199 15 32 the the DET issue-199 15 33 inalienability inalienability NOUN issue-199 15 34 of of ADP issue-199 15 35 differential differential NOUN issue-199 15 36 of of ADP issue-199 15 37 financial financial ADJ issue-199 15 38 leverage leverage NOUN issue-199 15 39 , , PUNCT issue-199 15 40 on on ADP issue-199 15 41 the the DET issue-199 15 42 level level NOUN issue-199 15 43 of of ADP issue-199 15 44 financial financial ADJ issue-199 15 45 risk risk NOUN issue-199 15 46 . . PUNCT issue-199 16 1 the the DET issue-199 16 2 obtained obtain VERB issue-199 16 3 results result NOUN issue-199 16 4 have have VERB issue-199 16 5 the the DET issue-199 16 6 practical practical ADJ issue-199 16 7 value value NOUN issue-199 16 8 because because SCONJ issue-199 16 9 they they PRON issue-199 16 10 contribute contribute VERB issue-199 16 11 to to ADP issue-199 16 12 systems system NOUN issue-199 16 13 integration integration NOUN issue-199 16 14 of of ADP issue-199 16 15 the the DET issue-199 16 16 strategic strategic ADJ issue-199 16 17 financial financial ADJ issue-199 16 18 analysis analysis NOUN issue-199 16 19 of of ADP issue-199 16 20 capital capital NOUN issue-199 16 21 and and CCONJ issue-199 16 22 the the DET issue-199 16 23 financial financial ADJ issue-199 16 24 management management NOUN issue-199 16 25 requirements requirement NOUN issue-199 16 26 and and CCONJ issue-199 16 27 create create VERB issue-199 16 28 conditions condition NOUN issue-199 16 29 for for ADP issue-199 16 30 its its PRON issue-199 16 31 implementation implementation NOUN issue-199 16 32 in in ADP issue-199 16 33 practice practice NOUN issue-199 16 34 of of ADP issue-199 16 35 domestic domestic ADJ issue-199 16 36 enterprises enterprise NOUN issue-199 16 37 . . PUNCT issue-199 17 1 value value NOUN issue-199 17 2 / / SYM issue-199 17 3 originality originality NOUN issue-199 17 4 . . PUNCT issue-199 18 1 the the DET issue-199 18 2 suggested suggest VERB issue-199 18 3 model model NOUN issue-199 18 4 of of ADP issue-199 18 5 capital capital NOUN issue-199 18 6 optimization optimization NOUN issue-199 18 7 can can AUX issue-199 18 8 be be AUX issue-199 18 9 used use VERB issue-199 18 10 to to PART issue-199 18 11 determine determine VERB issue-199 18 12 its its PRON issue-199 18 13 structure structure NOUN issue-199 18 14 according accord VERB issue-199 18 15 to to ADP issue-199 18 16 the the DET issue-199 18 17 necessity necessity NOUN issue-199 18 18 in in ADP issue-199 18 19 loan loan NOUN issue-199 18 20 capital capital NOUN issue-199 18 21 and and CCONJ issue-199 18 22 its its PRON issue-199 18 23 limit limit NOUN issue-199 18 24 value value NOUN issue-199 18 25 , , PUNCT issue-199 18 26 which which PRON issue-199 18 27 may may AUX issue-199 18 28 involve involve VERB issue-199 18 29 the the DET issue-199 18 30 company company NOUN issue-199 18 31 at at ADP issue-199 18 32 an an DET issue-199 18 33 acceptable acceptable ADJ issue-199 18 34 level level NOUN issue-199 18 35 of of ADP issue-199 18 36 financial financial ADJ issue-199 18 37 risk risk NOUN issue-199 18 38 . . PUNCT issue-199 19 1 key key ADJ issue-199 19 2 words word NOUN issue-199 19 3 : : PUNCT issue-199 19 4 capital capital NOUN issue-199 19 5 , , PUNCT issue-199 19 6 financial financial ADJ issue-199 19 7 leverage leverage NOUN issue-199 19 8 , , PUNCT issue-199 19 9 financial financial ADJ issue-199 19 10 strategy strategy NOUN issue-199 19 11 , , PUNCT issue-199 19 12 strategic strategic ADJ issue-199 19 13 financial financial ADJ issue-199 19 14 analysis analysis NOUN issue-199 19 15 , , PUNCT issue-199 19 16 structure structure NOUN issue-199 19 17 of of ADP issue-199 19 18 capital capital NOUN issue-199 19 19 . . PUNCT issue-199 20 1 jel jel PROPN issue-199 20 2 classification classification PROPN issue-199 20 3 : : PUNCT issue-199 20 4 g31 g31 PROPN issue-199 20 5 , , PUNCT issue-199 20 6 g32 g32 NOUN issue-199 20 7 , , PUNCT issue-199 20 8 m40 m40 PROPN issue-199 20 9 1 1 NUM issue-199 20 10 . . PUNCT issue-199 20 11 introduction introduction NOUN issue-199 20 12 in in ADP issue-199 20 13 terms term NOUN issue-199 20 14 of of ADP issue-199 20 15 dynamic dynamic ADJ issue-199 20 16 changes change NOUN issue-199 20 17 in in ADP issue-199 20 18 the the DET issue-199 20 19 environment environment NOUN issue-199 20 20 , , PUNCT issue-199 20 21 the the DET issue-199 20 22 achievement achievement NOUN issue-199 20 23 of of ADP issue-199 20 24 an an DET issue-199 20 25 enterprise enterprise NOUN issue-199 20 26 ’s ’s PART issue-199 20 27 strategic strategic ADJ issue-199 20 28 goals goal NOUN issue-199 20 29 and and CCONJ issue-199 20 30 the the DET issue-199 20 31 efficiency efficiency NOUN issue-199 20 32 of of ADP issue-199 20 33 its its PRON issue-199 20 34 activity activity NOUN issue-199 20 35 primarily primarily ADV issue-199 20 36 depends depend VERB issue-199 20 37 on on ADP issue-199 20 38 peculiarities peculiarity NOUN issue-199 20 39 of of ADP issue-199 20 40 capital capital NOUN issue-199 20 41 formation formation NOUN issue-199 20 42 , , PUNCT issue-199 20 43 which which DET issue-199 20 44 main main ADJ issue-199 20 45 purpose purpose NOUN issue-199 20 46 is be AUX issue-199 20 47 to to PART issue-199 20 48 ensure ensure VERB issue-199 20 49 the the DET issue-199 20 50 necessity necessity NOUN issue-199 20 51 of of ADP issue-199 20 52 the the DET issue-199 20 53 funding funding NOUN issue-199 20 54 sources source NOUN issue-199 20 55 of of ADP issue-199 20 56 various various ADJ issue-199 20 57 types type NOUN issue-199 20 58 of of ADP issue-199 20 59 activities activity NOUN issue-199 20 60 taking take VERB issue-199 20 61 into into ADP issue-199 20 62 account account NOUN issue-199 20 63 the the DET issue-199 20 64 dynamics dynamic NOUN issue-199 20 65 of of ADP issue-199 20 66 the the DET issue-199 20 67 available available ADJ issue-199 20 68 financial financial ADJ issue-199 20 69 potential potential NOUN issue-199 20 70 and and CCONJ issue-199 20 71 to to PART issue-199 20 72 acquire acquire VERB issue-199 20 73 the the DET issue-199 20 74 balanced balanced ADJ issue-199 20 75 structure structure NOUN issue-199 20 76 of of ADP issue-199 20 77 these these DET issue-199 20 78 sources source NOUN issue-199 20 79 on on ADP issue-199 20 80 the the DET issue-199 20 81 bases basis NOUN issue-199 20 82 of of ADP issue-199 20 83 the the DET issue-199 20 84 established establish VERB issue-199 20 85 optimization optimization NOUN issue-199 20 86 criteria criterion NOUN issue-199 20 87 . . PUNCT issue-199 21 1 the the DET issue-199 21 2 level level NOUN issue-199 21 3 of of ADP issue-199 21 4 economic economic ADJ issue-199 21 5 growth growth NOUN issue-199 21 6 in in ADP issue-199 21 7 the the DET issue-199 21 8 long long ADJ issue-199 21 9 term term NOUN issue-199 21 10 and and CCONJ issue-199 21 11 competitive competitive ADJ issue-199 21 12 advantages advantage NOUN issue-199 21 13 increase increase NOUN issue-199 21 14 of of ADP issue-199 21 15 any any DET issue-199 21 16 business business NOUN issue-199 21 17 entity entity NOUN issue-199 21 18 depends depend VERB issue-199 21 19 on on ADP issue-199 21 20 the the DET issue-199 21 21 choice choice NOUN issue-199 21 22 and and CCONJ issue-199 21 23 substantiation substantiation NOUN issue-199 21 24 of of ADP issue-199 21 25 an an DET issue-199 21 26 effective effective ADJ issue-199 21 27 strategy strategy NOUN issue-199 21 28 for for ADP issue-199 21 29 managing manage VERB issue-199 21 30 capital capital NOUN issue-199 21 31 . . PUNCT issue-199 22 1 all all DET issue-199 22 2 this this PRON issue-199 22 3 proves prove VERB issue-199 22 4 the the DET issue-199 22 5 importance importance NOUN issue-199 22 6 of of ADP issue-199 22 7 strategic strategic ADJ issue-199 22 8 financial financial ADJ issue-199 22 9 analysis analysis NOUN issue-199 22 10 of of ADP issue-199 22 11 capital capital NOUN issue-199 22 12 as as ADP issue-199 22 13 a a DET issue-199 22 14 methodological methodological ADJ issue-199 22 15 basis basis NOUN issue-199 22 16 for for ADP issue-199 22 17 study study NOUN issue-199 22 18 strategies strategy NOUN issue-199 22 19 . . PUNCT issue-199 23 1 issues issue NOUN issue-199 23 2 of of ADP issue-199 23 3 the the DET issue-199 23 4 strategic strategic ADJ issue-199 23 5 financial financial ADJ issue-199 23 6 analysis analysis NOUN issue-199 23 7 of of ADP issue-199 23 8 capital capital NOUN issue-199 23 9 are be AUX issue-199 23 10 considered consider VERB issue-199 23 11 in in ADP issue-199 23 12 the the DET issue-199 23 13 works work NOUN issue-199 23 14 of of ADP issue-199 23 15 many many ADJ issue-199 23 16 national national ADJ issue-199 23 17 and and CCONJ issue-199 23 18 foreign foreign ADJ issue-199 23 19 scientists scientist NOUN issue-199 23 20 , , PUNCT issue-199 23 21 including include VERB issue-199 23 22 l.ye l.ye PROPN issue-199 23 23 . . PROPN issue-199 23 24     SPACE issue-199 23 25 basovskiy basovskiy NOUN issue-199 23 26 , , PUNCT issue-199 23 27 i.o i.o PROPN issue-199 23 28 . . PROPN issue-199 23 29     SPACE issue-199 23 30 blank blank ADJ issue-199 23 31 , , PUNCT issue-199 23 32 t.v t.v PROPN issue-199 23 33 . . PROPN issue-199 23 34     SPACE issue-199 23 35 holovko holovko PROPN issue-199 23 36 , , PUNCT issue-199 23 37 v.v v.v PROPN issue-199 23 38 . . PROPN issue-199 23 39     SPACE issue-199 23 40 kovalev kovalev PROPN issue-199 23 41 , , PUNCT issue-199 23 42 t.m t.m PROPN issue-199 23 43 . . PROPN issue-199 23 44     SPACE issue-199 23 45 kovalchuk kovalchuk PROPN issue-199 23 46 , , PUNCT issue-199 23 47 i.v i.v PROPN issue-199 23 48 . . PUNCT issue-199 23 49     SPACE issue-199 23 50 nikitushkina nikitushkina PROPN issue-199 23 51 , , PUNCT issue-199 23 52 ye.m ye.m NOUN issue-199 23 53 . . PUNCT issue-199 23 54     SPACE issue-199 23 55 sych sych PROPN issue-199 23 56 . . PUNCT issue-199 24 1 however however ADV issue-199 24 2 , , PUNCT issue-199 24 3 it it PRON issue-199 24 4 is be AUX issue-199 24 5 difficult difficult ADJ issue-199 24 6 to to PART issue-199 24 7 adapt adapt VERB issue-199 24 8 the the DET issue-199 24 9 existing exist VERB issue-199 24 10 models model NOUN issue-199 24 11 of of ADP issue-199 24 12 the the DET issue-199 24 13 capital capital NOUN issue-199 24 14 structure structure NOUN issue-199 24 15 optimization optimization NOUN issue-199 24 16 to to ADP issue-199 24 17 the the DET issue-199 24 18 realities reality NOUN issue-199 24 19 of of ADP issue-199 24 20 ukrainian ukrainian ADJ issue-199 24 21 economic economic ADJ issue-199 24 22 practice practice NOUN issue-199 24 23 and and CCONJ issue-199 24 24 they they PRON issue-199 24 25 do do AUX issue-199 24 26 not not PART issue-199 24 27 take take VERB issue-199 24 28 into into ADP issue-199 24 29 account account NOUN issue-199 24 30 the the DET issue-199 24 31 features feature NOUN issue-199 24 32 of of ADP issue-199 24 33 the the DET issue-199 24 34 flour flour NOUN issue-199 24 35 - - PUNCT issue-199 24 36 and and CCONJ issue-199 24 37 - - PUNCT issue-199 24 38 cereals cereal NOUN issue-199 24 39 industry industry NOUN issue-199 24 40 ’s ’s PART issue-199 24 41 enterprises enterprise NOUN issue-199 24 42 operation operation NOUN issue-199 24 43 in in ADP issue-199 24 44 the the DET issue-199 24 45 conditions condition NOUN issue-199 24 46 of of ADP issue-199 24 47 risk risk NOUN issue-199 24 48 and and CCONJ issue-199 24 49 uncertainty uncertainty NOUN issue-199 24 50 . . PUNCT issue-199 25 1 the the DET issue-199 25 2 purpose purpose NOUN issue-199 25 3 of of ADP issue-199 25 4 the the DET issue-199 25 5 investigation investigation NOUN issue-199 25 6 is be AUX issue-199 25 7 to to PART issue-199 25 8 develop develop VERB issue-199 25 9 the the DET issue-199 25 10 methodology methodology NOUN issue-199 25 11 aspects aspect NOUN issue-199 25 12 of of ADP issue-199 25 13 the the DET issue-199 25 14 capital capital NOUN issue-199 25 15 structure structure NOUN issue-199 25 16 optimization optimization NOUN issue-199 25 17 of of ADP issue-199 25 18 the the DET issue-199 25 19 flour flour NOUN issue-199 25 20 - - PUNCT issue-199 25 21 and and CCONJ issue-199 25 22 - - PUNCT issue-199 25 23 cereals cereal NOUN issue-199 25 24 industry industry NOUN issue-199 25 25 ’s ’s PART issue-199 25 26 enterprises enterprise NOUN issue-199 25 27 . . PUNCT issue-199 26 1 baltic baltic PROPN issue-199 26 2 journal journal PROPN issue-199 26 3 of of ADP issue-199 26 4 economic economic ADJ issue-199 26 5 studies study NOUN issue-199 26 6 65 65 NUM issue-199 26 7 vol vol NOUN issue-199 26 8 . . PUNCT issue-199 27 1 3 3 NUM issue-199 27 2 , , PUNCT issue-199 27 3 no no INTJ issue-199 27 4 . . NOUN issue-199 27 5 3 3 NUM issue-199 27 6 , , PUNCT issue-199 27 7 2017 2017 NUM issue-199 27 8 2 2 NUM issue-199 27 9 . . PUNCT issue-199 28 1 the the DET issue-199 28 2 theoretical theoretical ADJ issue-199 28 3 and and CCONJ issue-199 28 4 methodological methodological ADJ issue-199 28 5 basis basis NOUN issue-199 28 6 of of ADP issue-199 28 7 capital capital NOUN issue-199 28 8 structure structure NOUN issue-199 28 9 optimization optimization NOUN issue-199 28 10 since since SCONJ issue-199 28 11 the the DET issue-199 28 12 capital capital NOUN issue-199 28 13 is be AUX issue-199 28 14 a a DET issue-199 28 15 complex complex ADJ issue-199 28 16 economic economic ADJ issue-199 28 17 category category NOUN issue-199 28 18 , , PUNCT issue-199 28 19 its its PRON issue-199 28 20 investigation investigation NOUN issue-199 28 21 requires require VERB issue-199 28 22 the the DET issue-199 28 23 introduction introduction NOUN issue-199 28 24 of of ADP issue-199 28 25 a a DET issue-199 28 26 systematic systematic ADJ issue-199 28 27 approach approach NOUN issue-199 28 28 , , PUNCT issue-199 28 29 which which PRON issue-199 28 30 provides provide VERB issue-199 28 31 that that DET issue-199 28 32 strategic strategic ADJ issue-199 28 33 financial financial ADJ issue-199 28 34 analysis analysis NOUN issue-199 28 35 should should AUX issue-199 28 36 be be AUX issue-199 28 37 a a DET issue-199 28 38 continuing continue VERB issue-199 28 39 process process NOUN issue-199 28 40 at at ADP issue-199 28 41 all all DET issue-199 28 42 stages stage NOUN issue-199 28 43 of of ADP issue-199 28 44 the the DET issue-199 28 45 capital capital NOUN issue-199 28 46 circulation circulation NOUN issue-199 28 47 ( ( PUNCT issue-199 28 48 the the DET issue-199 28 49 formation formation NOUN issue-199 28 50 of of ADP issue-199 28 51 the the DET issue-199 28 52 required require VERB issue-199 28 53 amount amount NOUN issue-199 28 54 of of ADP issue-199 28 55 capital capital NOUN issue-199 28 56 for for ADP issue-199 28 57 the the DET issue-199 28 58 effective effective ADJ issue-199 28 59 strategies strategy NOUN issue-199 28 60 implementation implementation NOUN issue-199 28 61 ; ; PUNCT issue-199 28 62 the the DET issue-199 28 63 optimization optimization NOUN issue-199 28 64 of of ADP issue-199 28 65 the the DET issue-199 28 66 capital capital NOUN issue-199 28 67 structure structure NOUN issue-199 28 68 in in ADP issue-199 28 69 the the DET issue-199 28 70 process process NOUN issue-199 28 71 of of ADP issue-199 28 72 its its PRON issue-199 28 73 using using NOUN issue-199 28 74 ; ; PUNCT issue-199 28 75 the the DET issue-199 28 76 identification identification NOUN issue-199 28 77 and and CCONJ issue-199 28 78 elimination elimination NOUN issue-199 28 79 of of ADP issue-199 28 80 defects defect NOUN issue-199 28 81 in in ADP issue-199 28 82 the the DET issue-199 28 83 enterprises enterprise NOUN issue-199 28 84 activity activity NOUN issue-199 28 85 , , PUNCT issue-199 28 86 and and CCONJ issue-199 28 87 the the DET issue-199 28 88 substantiation substantiation NOUN issue-199 28 89 of of ADP issue-199 28 90 the the DET issue-199 28 91 areas area NOUN issue-199 28 92 of of ADP issue-199 28 93 capital capital NOUN issue-199 28 94 reinvestment reinvestment NOUN issue-199 28 95 to to PART issue-199 28 96 ensure ensure VERB issue-199 28 97 the the DET issue-199 28 98 effective effective ADJ issue-199 28 99 functioning functioning NOUN issue-199 28 100 of of ADP issue-199 28 101 the the DET issue-199 28 102 business business NOUN issue-199 28 103 in in ADP issue-199 28 104 the the DET issue-199 28 105 long long ADJ issue-199 28 106 - - PUNCT issue-199 28 107 term term NOUN issue-199 28 108 perspective perspective NOUN issue-199 28 109 ) ) PUNCT issue-199 28 110 . . PUNCT issue-199 29 1 as as ADP issue-199 29 2 the the DET issue-199 29 3 result result NOUN issue-199 29 4 of of ADP issue-199 29 5 the the DET issue-199 29 6 strategic strategic ADJ issue-199 29 7 financial financial ADJ issue-199 29 8 analysis analysis NOUN issue-199 29 9 , , PUNCT issue-199 29 10 a a DET issue-199 29 11 set set NOUN issue-199 29 12 of of ADP issue-199 29 13 alternative alternative ADJ issue-199 29 14 managerial managerial ADJ issue-199 29 15 decisions decision NOUN issue-199 29 16 concerning concern VERB issue-199 29 17 the the DET issue-199 29 18 financial financial ADJ issue-199 29 19 sources source NOUN issue-199 29 20 definition definition NOUN issue-199 29 21 , , PUNCT issue-199 29 22 their their PRON issue-199 29 23 structure structure NOUN issue-199 29 24 optimization optimization NOUN issue-199 29 25 , , PUNCT issue-199 29 26 the the DET issue-199 29 27 volume volume NOUN issue-199 29 28 of of ADP issue-199 29 29 additional additional ADJ issue-199 29 30 amounts amount NOUN issue-199 29 31 of of ADP issue-199 29 32 debt debt NOUN issue-199 29 33 substantiation substantiation NOUN issue-199 29 34 should should AUX issue-199 29 35 be be AUX issue-199 29 36 prepared prepare VERB issue-199 29 37 . . PUNCT issue-199 30 1 it it PRON issue-199 30 2 is be AUX issue-199 30 3 necessary necessary ADJ issue-199 30 4 to to PART issue-199 30 5 develop develop VERB issue-199 30 6 such such ADJ issue-199 30 7 decisions decision NOUN issue-199 30 8 in in ADP issue-199 30 9 accordance accordance NOUN issue-199 30 10 with with ADP issue-199 30 11 the the DET issue-199 30 12 optimal optimal ADJ issue-199 30 13 ratio ratio NOUN issue-199 30 14 among among ADP issue-199 30 15 different different ADJ issue-199 30 16 groups group NOUN issue-199 30 17 of of ADP issue-199 30 18 assets asset NOUN issue-199 30 19 and and CCONJ issue-199 30 20 sources source NOUN issue-199 30 21 of of ADP issue-199 30 22 funding funding NOUN issue-199 30 23 to to PART issue-199 30 24 ensure ensure VERB issue-199 30 25 financial financial ADJ issue-199 30 26 stability stability NOUN issue-199 30 27 and and CCONJ issue-199 30 28 liquidity liquidity NOUN issue-199 30 29 in in ADP issue-199 30 30 the the DET issue-199 30 31 strategic strategic ADJ issue-199 30 32 perspective perspective NOUN issue-199 30 33 . . PUNCT issue-199 31 1 there there PRON issue-199 31 2 is be VERB issue-199 31 3 no no DET issue-199 31 4 consensus consensus NOUN issue-199 31 5 in in ADP issue-199 31 6 the the DET issue-199 31 7 scientific scientific ADJ issue-199 31 8 literature literature NOUN issue-199 31 9 about about ADP issue-199 31 10 the the DET issue-199 31 11 issue issue NOUN issue-199 31 12 , , PUNCT issue-199 31 13 which which DET issue-199 31 14 capital capital NOUN issue-199 31 15 structure structure NOUN issue-199 31 16 is be AUX issue-199 31 17 optimal optimal ADJ issue-199 31 18 because because SCONJ issue-199 31 19 the the DET issue-199 31 20 utilization utilization NOUN issue-199 31 21 of of ADP issue-199 31 22 every every DET issue-199 31 23 financial financial ADJ issue-199 31 24 source source NOUN issue-199 31 25 has have VERB issue-199 31 26 certain certain ADJ issue-199 31 27 advantages advantage NOUN issue-199 31 28 and and CCONJ issue-199 31 29 disadvantages disadvantage NOUN issue-199 31 30 . . PUNCT issue-199 32 1 thus thus ADV issue-199 32 2 , , PUNCT issue-199 32 3 the the DET issue-199 32 4 advantages advantage NOUN issue-199 32 5 of of ADP issue-199 32 6 equity equity NOUN issue-199 32 7 include include VERB issue-199 32 8 : : PUNCT issue-199 32 9 the the DET issue-199 32 10 high high ADJ issue-199 32 11 capacity capacity NOUN issue-199 32 12 to to PART issue-199 32 13 generate generate VERB issue-199 32 14 income income NOUN issue-199 32 15 from from ADP issue-199 32 16 all all DET issue-199 32 17 activities activity NOUN issue-199 32 18 ; ; PUNCT issue-199 32 19 provision provision NOUN issue-199 32 20 of of ADP issue-199 32 21 financial financial ADJ issue-199 32 22 independence independence NOUN issue-199 32 23 and and CCONJ issue-199 32 24 solvency solvency NOUN issue-199 32 25 in in ADP issue-199 32 26 the the DET issue-199 32 27 long long ADJ issue-199 32 28 term term NOUN issue-199 32 29 , , PUNCT issue-199 32 30 which which PRON issue-199 32 31 reduces reduce VERB issue-199 32 32 financial financial ADJ issue-199 32 33 risk risk NOUN issue-199 32 34 and and CCONJ issue-199 32 35 the the DET issue-199 32 36 probability probability NOUN issue-199 32 37 of of ADP issue-199 32 38 bankruptcy bankruptcy NOUN issue-199 32 39 ; ; PUNCT issue-199 32 40 the the DET issue-199 32 41 level level NOUN issue-199 32 42 of of ADP issue-199 32 43 counterparties counterpartie NOUN issue-199 32 44 and and CCONJ issue-199 32 45 creditors creditor NOUN issue-199 32 46 confidence confidence NOUN issue-199 32 47 incense incense NOUN issue-199 32 48 ( ( PUNCT issue-199 32 49 especially especially ADV issue-199 32 50 important important ADJ issue-199 32 51 in in ADP issue-199 32 52 the the DET issue-199 32 53 presence presence NOUN issue-199 32 54 of of ADP issue-199 32 55 long long ADJ issue-199 32 56 - - PUNCT issue-199 32 57 term term NOUN issue-199 32 58 contracts contract NOUN issue-199 32 59 ) ) PUNCT issue-199 32 60 . . PUNCT issue-199 33 1 however however ADV issue-199 33 2 , , PUNCT issue-199 33 3 the the DET issue-199 33 4 application application NOUN issue-199 33 5 of of ADP issue-199 33 6 the the DET issue-199 33 7 equity equity NOUN issue-199 33 8 as as ADP issue-199 33 9 a a DET issue-199 33 10 major major ADJ issue-199 33 11 source source NOUN issue-199 33 12 of of ADP issue-199 33 13 financial financial ADJ issue-199 33 14 resources resource NOUN issue-199 33 15 is be AUX issue-199 33 16 quite quite ADV issue-199 33 17 burdensome burdensome ADJ issue-199 33 18 for for ADP issue-199 33 19 the the DET issue-199 33 20 company company NOUN issue-199 33 21 because because SCONJ issue-199 33 22 of of ADP issue-199 33 23 its its PRON issue-199 33 24 high high ADJ issue-199 33 25 cost cost NOUN issue-199 33 26 , , PUNCT issue-199 33 27 limited limited ADJ issue-199 33 28 volumes volume NOUN issue-199 33 29 of of ADP issue-199 33 30 attraction attraction NOUN issue-199 33 31 for for ADP issue-199 33 32 the the DET issue-199 33 33 various various ADJ issue-199 33 34 activities activity NOUN issue-199 33 35 expansion expansion NOUN issue-199 33 36 , , PUNCT issue-199 33 37 the the DET issue-199 33 38 lack lack NOUN issue-199 33 39 of of ADP issue-199 33 40 tax tax NOUN issue-199 33 41 incentives incentive NOUN issue-199 33 42 . . PUNCT issue-199 34 1 that that PRON issue-199 34 2 is is ADV issue-199 34 3 , , PUNCT issue-199 34 4 using use VERB issue-199 34 5 only only ADV issue-199 34 6 equity equity NOUN issue-199 34 7 , , PUNCT issue-199 34 8 a a DET issue-199 34 9 company company NOUN issue-199 34 10 lowers lower VERB issue-199 34 11 financial financial ADJ issue-199 34 12 risks risk NOUN issue-199 34 13 but but CCONJ issue-199 34 14 limits limit VERB issue-199 34 15 the the DET issue-199 34 16 rates rate NOUN issue-199 34 17 of of ADP issue-199 34 18 its its PRON issue-199 34 19 strategic strategic ADJ issue-199 34 20 development development NOUN issue-199 34 21 , , PUNCT issue-199 34 22 because because SCONJ issue-199 34 23 does do AUX issue-199 34 24 not not PART issue-199 34 25 provide provide VERB issue-199 34 26 the the DET issue-199 34 27 required require VERB issue-199 34 28 amount amount NOUN issue-199 34 29 of of ADP issue-199 34 30 financial financial ADJ issue-199 34 31 resources resource NOUN issue-199 34 32 . . PUNCT issue-199 35 1 in in ADP issue-199 35 2 turn turn NOUN issue-199 35 3 , , PUNCT issue-199 35 4 the the DET issue-199 35 5 benefits benefit NOUN issue-199 35 6 of of ADP issue-199 35 7 loan loan NOUN issue-199 35 8 capital capital NOUN issue-199 35 9 application application NOUN issue-199 35 10 include include VERB issue-199 35 11 the the DET issue-199 35 12 possibility possibility NOUN issue-199 35 13 of of ADP issue-199 35 14 raising raise VERB issue-199 35 15 the the DET issue-199 35 16 return return NOUN issue-199 35 17 on on ADP issue-199 35 18 equity equity NOUN issue-199 35 19 due due ADP issue-199 35 20 to to ADP issue-199 35 21 the the DET issue-199 35 22 effect effect NOUN issue-199 35 23 of of ADP issue-199 35 24 financial financial ADJ issue-199 35 25 leverage leverage NOUN issue-199 35 26 , , PUNCT issue-199 35 27 the the DET issue-199 35 28 application application NOUN issue-199 35 29 of of ADP issue-199 35 30 the the DET issue-199 35 31 tax tax NOUN issue-199 35 32 shield shield NOUN issue-199 35 33 . . PUNCT issue-199 36 1 however however ADV issue-199 36 2 , , PUNCT issue-199 36 3 in in ADP issue-199 36 4 the the DET issue-199 36 5 case case NOUN issue-199 36 6 of of ADP issue-199 36 7 implementation implementation NOUN issue-199 36 8 of of ADP issue-199 36 9 an an DET issue-199 36 10 unfavourable unfavourable ADJ issue-199 36 11 scenario scenario NOUN issue-199 36 12 for for ADP issue-199 36 13 the the DET issue-199 36 14 enterprise enterprise NOUN issue-199 36 15 , , PUNCT issue-199 36 16 a a DET issue-199 36 17 high high ADJ issue-199 36 18 share share NOUN issue-199 36 19 of of ADP issue-199 36 20 loan loan NOUN issue-199 36 21 capital capital NOUN issue-199 36 22 causes cause VERB issue-199 36 23 the the DET issue-199 36 24 financial financial ADJ issue-199 36 25 risk risk NOUN issue-199 36 26 increase increase NOUN issue-199 36 27 , , PUNCT issue-199 36 28 the the DET issue-199 36 29 solvency solvency NOUN issue-199 36 30 and and CCONJ issue-199 36 31 financial financial ADJ issue-199 36 32 stability stability NOUN issue-199 36 33 reduction reduction NOUN issue-199 36 34 . . PUNCT issue-199 37 1 the the DET issue-199 37 2 attraction attraction NOUN issue-199 37 3 of of ADP issue-199 37 4 loan loan NOUN issue-199 37 5 capital capital NOUN issue-199 37 6 is be AUX issue-199 37 7 a a DET issue-199 37 8 rather rather ADV issue-199 37 9 complex complex ADJ issue-199 37 10 procedure procedure NOUN issue-199 37 11 since since SCONJ issue-199 37 12 depends depend VERB issue-199 37 13 not not PART issue-199 37 14 only only ADV issue-199 37 15 on on ADP issue-199 37 16 the the DET issue-199 37 17 available available ADJ issue-199 37 18 company company NOUN issue-199 37 19 ’s ’s PART issue-199 37 20 financial financial ADJ issue-199 37 21 potential potential NOUN issue-199 37 22 but but CCONJ issue-199 37 23 also also ADV issue-199 37 24 on on ADP issue-199 37 25 creditors creditor NOUN issue-199 37 26 ’ ' PUNCT issue-199 37 27 decision decision NOUN issue-199 37 28 about about ADP issue-199 37 29 the the DET issue-199 37 30 capacity capacity NOUN issue-199 37 31 , , PUNCT issue-199 37 32 volumes volume NOUN issue-199 37 33 , , PUNCT issue-199 37 34 and and CCONJ issue-199 37 35 conditions condition NOUN issue-199 37 36 of of ADP issue-199 37 37 involvement involvement NOUN issue-199 37 38 , , PUNCT issue-199 37 39 financial financial ADJ issue-199 37 40 market market NOUN issue-199 37 41 conjuncture conjuncture NOUN issue-199 37 42 , , PUNCT issue-199 37 43 the the DET issue-199 37 44 state state NOUN issue-199 37 45 of of ADP issue-199 37 46 the the DET issue-199 37 47 banking banking NOUN issue-199 37 48 system system NOUN issue-199 37 49 . . PUNCT issue-199 38 1 thus thus ADV issue-199 38 2 , , PUNCT issue-199 38 3 according accord VERB issue-199 38 4 to to ADP issue-199 38 5 the the DET issue-199 38 6 advantages advantage NOUN issue-199 38 7 and and CCONJ issue-199 38 8 disadvantages disadvantage NOUN issue-199 38 9 of of ADP issue-199 38 10 different different ADJ issue-199 38 11 sources source NOUN issue-199 38 12 of of ADP issue-199 38 13 funding funding NOUN issue-199 38 14 application application NOUN issue-199 38 15 , , PUNCT issue-199 38 16 it it PRON issue-199 38 17 is be AUX issue-199 38 18 necessary necessary ADJ issue-199 38 19 to to PART issue-199 38 20 develop develop VERB issue-199 38 21 managerial managerial ADJ issue-199 38 22 decisions decision NOUN issue-199 38 23 concerning concern VERB issue-199 38 24 the the DET issue-199 38 25 achievement achievement NOUN issue-199 38 26 of of ADP issue-199 38 27 a a DET issue-199 38 28 compromise compromise NOUN issue-199 38 29 between between ADP issue-199 38 30 the the DET issue-199 38 31 amount amount NOUN issue-199 38 32 of of ADP issue-199 38 33 their their PRON issue-199 38 34 involvement involvement NOUN issue-199 38 35 , , PUNCT issue-199 38 36 based base VERB issue-199 38 37 on on ADP issue-199 38 38 the the DET issue-199 38 39 ratio ratio NOUN issue-199 38 40 of of ADP issue-199 38 41 capital capital NOUN issue-199 38 42 cost cost NOUN issue-199 38 43 and and CCONJ issue-199 38 44 the the DET issue-199 38 45 financial financial ADJ issue-199 38 46 risk risk NOUN issue-199 38 47 level level NOUN issue-199 38 48 , , PUNCT issue-199 38 49 which which PRON issue-199 38 50 in in ADP issue-199 38 51 these these DET issue-199 38 52 economic economic ADJ issue-199 38 53 conditions condition NOUN issue-199 38 54 is be AUX issue-199 38 55 the the DET issue-199 38 56 most most ADV issue-199 38 57 appropriate appropriate ADJ issue-199 38 58 , , PUNCT issue-199 38 59 i.e. i.e. X issue-199 38 60 the the DET issue-199 38 61 optimal optimal ADJ issue-199 38 62 capital capital NOUN issue-199 38 63 structure structure NOUN issue-199 38 64 . . PUNCT issue-199 39 1 l.ye l.ye PROPN issue-199 39 2 . . PUNCT issue-199 39 3 basovskiy basovskiy NOUN issue-199 39 4 thinks think VERB issue-199 39 5 that that SCONJ issue-199 39 6 optimal optimal ADJ issue-199 39 7 capital capital NOUN issue-199 39 8 structure structure NOUN issue-199 39 9 is be AUX issue-199 39 10 the the DET issue-199 39 11 ratio ratio NOUN issue-199 39 12 of of ADP issue-199 39 13 equity equity NOUN issue-199 39 14 and and CCONJ issue-199 39 15 loan loan NOUN issue-199 39 16 capital capital NOUN issue-199 39 17 , , PUNCT issue-199 39 18 which which PRON issue-199 39 19 leads lead VERB issue-199 39 20 to to ADP issue-199 39 21 a a DET issue-199 39 22 maximum maximum ADJ issue-199 39 23 value value NOUN issue-199 39 24 of of ADP issue-199 39 25 shares share NOUN issue-199 39 26 ( ( PUNCT issue-199 39 27 basovskiy basovskiy NOUN issue-199 39 28 , , PUNCT issue-199 39 29 2008 2008 NUM issue-199 39 30 ) ) PUNCT issue-199 39 31 . . PUNCT issue-199 40 1 this this DET issue-199 40 2 definition definition NOUN issue-199 40 3 is be AUX issue-199 40 4 quite quite ADV issue-199 40 5 common common ADJ issue-199 40 6 ; ; PUNCT issue-199 40 7 on on ADP issue-199 40 8 its its PRON issue-199 40 9 bases basis NOUN issue-199 40 10 , , PUNCT issue-199 40 11 it it PRON issue-199 40 12 is be AUX issue-199 40 13 difficult difficult ADJ issue-199 40 14 to to PART issue-199 40 15 generate generate VERB issue-199 40 16 practical practical ADJ issue-199 40 17 recommendations recommendation NOUN issue-199 40 18 for for ADP issue-199 40 19 a a DET issue-199 40 20 particular particular ADJ issue-199 40 21 non non ADJ issue-199 40 22 - - ADJ issue-199 40 23 stock stock ADJ issue-199 40 24 company company NOUN issue-199 40 25 . . PUNCT issue-199 41 1 according accord VERB issue-199 41 2 to to ADP issue-199 41 3 a.a a.a PROPN issue-199 41 4 . . PROPN issue-199 41 5 pereseda pereseda PROPN issue-199 41 6 , , PUNCT issue-199 41 7 the the DET issue-199 41 8 optimization optimization NOUN issue-199 41 9 of of ADP issue-199 41 10 the the DET issue-199 41 11 capital capital NOUN issue-199 41 12 structure structure NOUN issue-199 41 13     SPACE issue-199 41 14 – – PUNCT issue-199 41 15 the the DET issue-199 41 16 selection selection NOUN issue-199 41 17 of of ADP issue-199 41 18 the the DET issue-199 41 19 most most ADV issue-199 41 20 favourable favourable ADJ issue-199 41 21 ratio ratio NOUN issue-199 41 22 of of ADP issue-199 41 23 internal internal ADJ issue-199 41 24 and and CCONJ issue-199 41 25 external external ADJ issue-199 41 26 sources source NOUN issue-199 41 27 at at ADP issue-199 41 28 each each DET issue-199 41 29 stage stage NOUN issue-199 41 30 of of ADP issue-199 41 31 the the DET issue-199 41 32 company company NOUN issue-199 41 33 ’s ’s PART issue-199 41 34 life life NOUN issue-199 41 35 cycle cycle NOUN issue-199 41 36 ( ( PUNCT issue-199 41 37 pereseda pereseda NOUN issue-199 41 38 , , PUNCT issue-199 41 39 2002 2002 NUM issue-199 41 40 ) ) PUNCT issue-199 41 41 . . PUNCT issue-199 42 1 actually actually ADV issue-199 42 2 , , PUNCT issue-199 42 3 the the DET issue-199 42 4 structure structure NOUN issue-199 42 5 of of ADP issue-199 42 6 capital capital NOUN issue-199 42 7 depends depend VERB issue-199 42 8 on on ADP issue-199 42 9 the the DET issue-199 42 10 strategic strategic ADJ issue-199 42 11 objectives objective NOUN issue-199 42 12 , , PUNCT issue-199 42 13 which which PRON issue-199 42 14 are be AUX issue-199 42 15 different different ADJ issue-199 42 16 for for ADP issue-199 42 17 each each DET issue-199 42 18 stage stage NOUN issue-199 42 19 of of ADP issue-199 42 20 the the DET issue-199 42 21 company company NOUN issue-199 42 22 ’s ’s PART issue-199 42 23 life life NOUN issue-199 42 24 cycle cycle NOUN issue-199 42 25 . . PUNCT issue-199 43 1 quite quite ADV issue-199 43 2 logical logical ADJ issue-199 43 3 , , PUNCT issue-199 43 4 in in ADP issue-199 43 5 our our PRON issue-199 43 6 opinion opinion NOUN issue-199 43 7 , , PUNCT issue-199 43 8 is be AUX issue-199 43 9 the the DET issue-199 43 10 approach approach NOUN issue-199 43 11 of of ADP issue-199 43 12 i.o i.o PROPN issue-199 43 13 . . PROPN issue-199 43 14     SPACE issue-199 43 15 blank blank ADJ issue-199 43 16 , , PUNCT issue-199 43 17 t.v t.v PROPN issue-199 43 18 . . PROPN issue-199 43 19     SPACE issue-199 43 20 holovko holovko PROPN issue-199 43 21 , , PUNCT issue-199 43 22 t.m t.m PROPN issue-199 43 23 . . PROPN issue-199 43 24     SPACE issue-199 43 25 kovalchuk kovalchuk PROPN issue-199 43 26 , , PUNCT issue-199 43 27 ye.m ye.m NOUN issue-199 43 28 . . PUNCT issue-199 43 29     SPACE issue-199 43 30 sych sych PROPN issue-199 43 31 . . PUNCT issue-199 44 1 according accord VERB issue-199 44 2 to to ADP issue-199 44 3 it it PRON issue-199 44 4 , , PUNCT issue-199 44 5 the the DET issue-199 44 6 optimal optimal ADJ issue-199 44 7 capital capital NOUN issue-199 44 8 structure structure NOUN issue-199 44 9 is be AUX issue-199 44 10 such such DET issue-199 44 11 a a DET issue-199 44 12 ratio ratio NOUN issue-199 44 13 of of ADP issue-199 44 14 own own ADJ issue-199 44 15 and and CCONJ issue-199 44 16 loan loan NOUN issue-199 44 17 capital capital NOUN issue-199 44 18 , , PUNCT issue-199 44 19 which which PRON issue-199 44 20 provides provide VERB issue-199 44 21 the the DET issue-199 44 22 most most ADV issue-199 44 23 effective effective ADJ issue-199 44 24 proportionality proportionality NOUN issue-199 44 25 between between ADP issue-199 44 26 the the DET issue-199 44 27 rate rate NOUN issue-199 44 28 of of ADP issue-199 44 29 return return NOUN issue-199 44 30 on on ADP issue-199 44 31 equity equity NOUN issue-199 44 32 and and CCONJ issue-199 44 33 the the DET issue-199 44 34 index index NOUN issue-199 44 35 of of ADP issue-199 44 36 financial financial ADJ issue-199 44 37 stability stability NOUN issue-199 44 38 , , PUNCT issue-199 44 39 that that ADV issue-199 44 40 is is ADV issue-199 44 41 , , PUNCT issue-199 44 42 maximizes maximize VERB issue-199 44 43 the the DET issue-199 44 44 market market NOUN issue-199 44 45 value value NOUN issue-199 44 46 of of ADP issue-199 44 47 the the DET issue-199 44 48 company company NOUN issue-199 44 49 ( ( PUNCT issue-199 44 50 blank blank ADJ issue-199 44 51 , , PUNCT issue-199 44 52 2008 2008 NUM issue-199 44 53 ; ; PUNCT issue-199 44 54 holovko holovko NOUN issue-199 44 55 , , PUNCT issue-199 44 56 sahova sahova PROPN issue-199 44 57 , , PUNCT issue-199 44 58 2002 2002 NUM issue-199 44 59 ; ; PUNCT issue-199 44 60 kovalchuk kovalchuk PROPN issue-199 44 61 , , PUNCT issue-199 44 62 2015 2015 NUM issue-199 44 63 ; ; PUNCT issue-199 44 64 sych sych PROPN issue-199 44 65 , , PUNCT issue-199 44 66 pylypenko pylypenko ADJ issue-199 44 67 , , PUNCT issue-199 44 68 stasyshen stasyshen ADJ issue-199 44 69 , , PUNCT issue-199 44 70 2010 2010 NUM issue-199 44 71 ) ) PUNCT issue-199 44 72 . . PUNCT issue-199 45 1 practice practice NOUN issue-199 45 2 shows show VERB issue-199 45 3 that that SCONJ issue-199 45 4 until until ADP issue-199 45 5 today today NOUN issue-199 45 6 there there PRON issue-199 45 7 is be VERB issue-199 45 8 no no DET issue-199 45 9 universal universal ADJ issue-199 45 10 criterion criterion NOUN issue-199 45 11 for for ADP issue-199 45 12 decision decision NOUN issue-199 45 13 - - PUNCT issue-199 45 14 making making NOUN issue-199 45 15 regarding regard VERB issue-199 45 16 an an DET issue-199 45 17 optimal optimal ADJ issue-199 45 18 ratio ratio NOUN issue-199 45 19 of of ADP issue-199 45 20 equity equity NOUN issue-199 45 21 and and CCONJ issue-199 45 22 loan loan NOUN issue-199 45 23 capital capital NOUN issue-199 45 24 for for ADP issue-199 45 25 different different ADJ issue-199 45 26 enterprises enterprise NOUN issue-199 45 27 of of ADP issue-199 45 28 one one NUM issue-199 45 29 industry industry NOUN issue-199 45 30 and and CCONJ issue-199 45 31 even even ADV issue-199 45 32 for for ADP issue-199 45 33 the the DET issue-199 45 34 same same ADJ issue-199 45 35 company company NOUN issue-199 45 36 at at ADP issue-199 45 37 different different ADJ issue-199 45 38 stages stage NOUN issue-199 45 39 of of ADP issue-199 45 40 its its PRON issue-199 45 41 development development NOUN issue-199 45 42 . . PUNCT issue-199 46 1 at at ADP issue-199 46 2 the the DET issue-199 46 3 same same ADJ issue-199 46 4 time time NOUN issue-199 46 5 , , PUNCT issue-199 46 6 there there PRON issue-199 46 7 are be VERB issue-199 46 8 a a DET issue-199 46 9 number number NOUN issue-199 46 10 of of ADP issue-199 46 11 theoretical theoretical ADJ issue-199 46 12 concepts concept NOUN issue-199 46 13 , , PUNCT issue-199 46 14 revealing reveal VERB issue-199 46 15 approaches approach NOUN issue-199 46 16 to to ADP issue-199 46 17 creating create VERB issue-199 46 18 the the DET issue-199 46 19 optimal optimal ADJ issue-199 46 20 capital capital NOUN issue-199 46 21 structure structure NOUN issue-199 46 22 , , PUNCT issue-199 46 23 which which PRON issue-199 46 24 can can AUX issue-199 46 25 be be AUX issue-199 46 26 roughly roughly ADV issue-199 46 27 grouped group VERB issue-199 46 28 into into ADP issue-199 46 29 two two NUM issue-199 46 30 groups group NOUN issue-199 46 31     SPACE issue-199 46 32 – – PUNCT issue-199 46 33 the the DET issue-199 46 34 static static ADJ issue-199 46 35 and and CCONJ issue-199 46 36 dynamic dynamic ADJ issue-199 46 37 ( ( PUNCT issue-199 46 38 table table NOUN issue-199 46 39 1 1 NUM issue-199 46 40 ) ) PUNCT issue-199 46 41 . . PUNCT issue-199 47 1 the the DET issue-199 47 2 static static ADJ issue-199 47 3 theories theory NOUN issue-199 47 4 substantiate substantiate VERB issue-199 47 5 the the DET issue-199 47 6 existence existence NOUN issue-199 47 7 of of ADP issue-199 47 8 an an DET issue-199 47 9 optimal optimal ADJ issue-199 47 10 capital capital NOUN issue-199 47 11 structure structure NOUN issue-199 47 12 that that PRON issue-199 47 13 maximizes maximize VERB issue-199 47 14 the the DET issue-199 47 15 company company NOUN issue-199 47 16 ’s ’s PART issue-199 47 17 market market NOUN issue-199 47 18 value value NOUN issue-199 47 19 . . PUNCT issue-199 48 1 within within ADP issue-199 48 2 this this DET issue-199 48 3 group group NOUN issue-199 48 4 of of ADP issue-199 48 5 theoretical theoretical ADJ issue-199 48 6 concepts concept NOUN issue-199 48 7 , , PUNCT issue-199 48 8 it it PRON issue-199 48 9 is be AUX issue-199 48 10 proposed propose VERB issue-199 48 11 to to PART issue-199 48 12 make make VERB issue-199 48 13 the the DET issue-199 48 14 managerial managerial ADJ issue-199 48 15 decisions decision NOUN issue-199 48 16 concerning concern VERB issue-199 48 17 the the DET issue-199 48 18 choice choice NOUN issue-199 48 19 of of ADP issue-199 48 20 funding funding NOUN issue-199 48 21 sources source NOUN issue-199 48 22 on on ADP issue-199 48 23 the the DET issue-199 48 24 basis basis NOUN issue-199 48 25 of of ADP issue-199 48 26 the the DET issue-199 48 27 optimal optimal ADJ issue-199 48 28 capital capital NOUN issue-199 48 29 structure structure NOUN issue-199 48 30 ( ( PUNCT issue-199 48 31 the the DET issue-199 48 32 aim aim NOUN issue-199 48 33 of of ADP issue-199 48 34 decision decision NOUN issue-199 48 35 - - PUNCT issue-199 48 36 making making NOUN issue-199 48 37 is be AUX issue-199 48 38 to to PART issue-199 48 39 achieve achieve VERB issue-199 48 40 this this DET issue-199 48 41 optimal optimal ADJ issue-199 48 42 structure structure NOUN issue-199 48 43 ) ) PUNCT issue-199 48 44 . . PUNCT issue-199 49 1 the the DET issue-199 49 2 dynamic dynamic ADJ issue-199 49 3 theories theory NOUN issue-199 49 4 are be AUX issue-199 49 5 based base VERB issue-199 49 6 on on ADP issue-199 49 7 deviations deviation NOUN issue-199 49 8 from from ADP issue-199 49 9 the the DET issue-199 49 10 target target NOUN issue-199 49 11 function function NOUN issue-199 49 12 and and CCONJ issue-199 49 13 capital capital NOUN issue-199 49 14 structure structure NOUN issue-199 49 15 . . PUNCT issue-199 50 1 the the DET issue-199 50 2 discussed discuss VERB issue-199 50 3 theories theory NOUN issue-199 50 4 of of ADP issue-199 50 5 the the DET issue-199 50 6 formation formation NOUN issue-199 50 7 of of ADP issue-199 50 8 the the DET issue-199 50 9 optimal optimal ADJ issue-199 50 10 capital capital NOUN issue-199 50 11 structure structure NOUN issue-199 50 12 are be AUX issue-199 50 13 based base VERB issue-199 50 14 on on ADP issue-199 50 15 contradictory contradictory ADJ issue-199 50 16 approaches approach NOUN issue-199 50 17 : : PUNCT issue-199 50 18 from from ADP issue-199 50 19 the the DET issue-199 50 20 mutual mutual ADJ issue-199 50 21 independence independence NOUN issue-199 50 22 of of ADP issue-199 50 23 the the DET issue-199 50 24 capital capital NOUN issue-199 50 25 structure structure NOUN issue-199 50 26 and and CCONJ issue-199 50 27 the the DET issue-199 50 28 market market NOUN issue-199 50 29 value value NOUN issue-199 50 30 of of ADP issue-199 50 31 the the DET issue-199 50 32 company company NOUN issue-199 50 33 to to ADP issue-199 50 34 their their PRON issue-199 50 35 mutual mutual ADJ issue-199 50 36 dependence dependence NOUN issue-199 50 37 . . PUNCT issue-199 51 1 in in ADP issue-199 51 2 addition addition NOUN issue-199 51 3 , , PUNCT issue-199 51 4 it it PRON issue-199 51 5 should should AUX issue-199 51 6 be be AUX issue-199 51 7 noted note VERB issue-199 51 8 that that SCONJ issue-199 51 9 they they PRON issue-199 51 10 can can AUX issue-199 51 11 be be AUX issue-199 51 12 used use VERB issue-199 51 13 completely completely ADV issue-199 51 14 only only ADV issue-199 51 15 in in ADP issue-199 51 16 presence presence NOUN issue-199 51 17 of of ADP issue-199 51 18 developed develop VERB issue-199 51 19 financial financial ADJ issue-199 51 20 market market NOUN issue-199 51 21 and and CCONJ issue-199 51 22 absence absence NOUN issue-199 51 23 of of ADP issue-199 51 24 a a DET issue-199 51 25 financial financial ADJ issue-199 51 26 crisis crisis NOUN issue-199 51 27 . . PUNCT issue-199 52 1 despite despite SCONJ issue-199 52 2 the the DET issue-199 52 3 fact fact NOUN issue-199 52 4 that that SCONJ issue-199 52 5 the the DET issue-199 52 6 existing exist VERB issue-199 52 7 theories theory NOUN issue-199 52 8 of of ADP issue-199 52 9 capital capital NOUN issue-199 52 10 structure structure NOUN issue-199 52 11 are be AUX issue-199 52 12 internally internally ADV issue-199 52 13 consistent consistent ADJ issue-199 52 14 and and CCONJ issue-199 52 15 logical logical ADJ issue-199 52 16 within within ADP issue-199 52 17 certain certain ADJ issue-199 52 18 limits limit NOUN issue-199 52 19 , , PUNCT issue-199 52 20 in in ADP issue-199 52 21 the the DET issue-199 52 22 practical practical ADJ issue-199 52 23 management management NOUN issue-199 52 24 of of ADP issue-199 52 25 capital capital NOUN issue-199 52 26 structure structure NOUN issue-199 52 27 , , PUNCT issue-199 52 28 it it PRON issue-199 52 29 is be AUX issue-199 52 30 necessary necessary ADJ issue-199 52 31 to to PART issue-199 52 32 take take VERB issue-199 52 33 into into ADP issue-199 52 34 consideration consideration NOUN issue-199 52 35 not not PART issue-199 52 36 only only ADV issue-199 52 37 quantitative quantitative ADJ issue-199 52 38 parameters parameter NOUN issue-199 52 39 but but CCONJ issue-199 52 40 also also ADV issue-199 52 41 a a DET issue-199 52 42 set set NOUN issue-199 52 43 of of ADP issue-199 52 44 important important ADJ issue-199 52 45 qualitative qualitative ADJ issue-199 52 46 factors factor NOUN issue-199 52 47 and and CCONJ issue-199 52 48 industrial industrial ADJ issue-199 52 49 characteristics characteristic NOUN issue-199 52 50 influencing influence VERB issue-199 52 51 the the DET issue-199 52 52 rational rational ADJ issue-199 52 53 structure structure NOUN issue-199 52 54 of of ADP issue-199 52 55 funding funding NOUN issue-199 52 56 sources source NOUN issue-199 52 57 . . PUNCT issue-199 53 1 in in ADP issue-199 53 2 connection connection NOUN issue-199 53 3 with with ADP issue-199 53 4 this this PRON issue-199 53 5 , , PUNCT issue-199 53 6 the the DET issue-199 53 7 process process NOUN issue-199 53 8 of of ADP issue-199 53 9 optimization optimization NOUN issue-199 53 10 involves involve VERB issue-199 53 11 the the DET issue-199 53 12 establishment establishment NOUN issue-199 53 13 of of ADP issue-199 53 14 a a DET issue-199 53 15 target target NOUN issue-199 53 16 capital capital NOUN issue-199 53 17 structure structure NOUN issue-199 53 18 of of ADP issue-199 53 19 the the DET issue-199 53 20 flour flour NOUN issue-199 53 21 - - PUNCT issue-199 53 22 and and CCONJ issue-199 53 23 - - PUNCT issue-199 53 24 cereals cereal NOUN issue-199 53 25 industry industry NOUN issue-199 53 26 ’s ’s PART issue-199 53 27 enterprises enterprise NOUN issue-199 53 28 . . PUNCT issue-199 54 1 in in ADP issue-199 54 2 our our PRON issue-199 54 3 baltic baltic ADJ issue-199 54 4 journal journal NOUN issue-199 54 5 of of ADP issue-199 54 6 economic economic ADJ issue-199 54 7 studies study NOUN issue-199 54 8 66 66 NUM issue-199 54 9 vol vol NOUN issue-199 54 10 . . PUNCT issue-199 55 1 3 3 NUM issue-199 55 2 , , PUNCT issue-199 55 3 no no INTJ issue-199 55 4 . . NOUN issue-199 55 5 3 3 NUM issue-199 55 6 , , PUNCT issue-199 55 7 2017 2017 NUM issue-199 55 8 opinion opinion NOUN issue-199 55 9 , , PUNCT issue-199 55 10 the the DET issue-199 55 11 target target NOUN issue-199 55 12 capital capital NOUN issue-199 55 13 structure structure NOUN issue-199 55 14 is be AUX issue-199 55 15 a a DET issue-199 55 16 ratio ratio NOUN issue-199 55 17 of of ADP issue-199 55 18 own own ADJ issue-199 55 19 and and CCONJ issue-199 55 20 loan loan NOUN issue-199 55 21 financing financing NOUN issue-199 55 22 sources source NOUN issue-199 55 23 , , PUNCT issue-199 55 24 which which PRON issue-199 55 25 entirely entirely ADV issue-199 55 26 provides provide VERB issue-199 55 27 the the DET issue-199 55 28 growth growth NOUN issue-199 55 29 in in ADP issue-199 55 30 capital capital NOUN issue-199 55 31 performance performance NOUN issue-199 55 32 criteria criterion NOUN issue-199 55 33 at at ADP issue-199 55 34 acceptable acceptable ADJ issue-199 55 35 risk risk NOUN issue-199 55 36 level level NOUN issue-199 55 37 and and CCONJ issue-199 55 38 creates create VERB issue-199 55 39 the the DET issue-199 55 40 opportunity opportunity NOUN issue-199 55 41 to to PART issue-199 55 42 form form VERB issue-199 55 43 the the DET issue-199 55 44 sufficient sufficient ADJ issue-199 55 45 funds fund NOUN issue-199 55 46 on on ADP issue-199 55 47 satisfactory satisfactory ADJ issue-199 55 48 terms term NOUN issue-199 55 49 . . PUNCT issue-199 56 1 3 3 X issue-199 56 2 . . X issue-199 56 3 development development NOUN issue-199 56 4 of of ADP issue-199 56 5 capital capital NOUN issue-199 56 6 structure structure NOUN issue-199 56 7 optimization optimization NOUN issue-199 56 8 model model NOUN issue-199 56 9 for for ADP issue-199 56 10 the the DET issue-199 56 11 flour flour NOUN issue-199 56 12 - - PUNCT issue-199 56 13 and and CCONJ issue-199 56 14 - - PUNCT issue-199 56 15 cereals cereal NOUN issue-199 56 16 industry industry NOUN issue-199 56 17 ’s ’s PART issue-199 56 18 enterprises enterprise NOUN issue-199 56 19 in in ADP issue-199 56 20 the the DET issue-199 56 21 practice practice NOUN issue-199 56 22 of of ADP issue-199 56 23 financial financial ADJ issue-199 56 24 management management NOUN issue-199 56 25 , , PUNCT issue-199 56 26 different different ADJ issue-199 56 27 methodological methodological ADJ issue-199 56 28 approaches approach NOUN issue-199 56 29 to to ADP issue-199 56 30 capital capital NOUN issue-199 56 31 structure structure NOUN issue-199 56 32 optimization optimization NOUN issue-199 56 33 are be AUX issue-199 56 34 used use VERB issue-199 56 35 and and CCONJ issue-199 56 36 , , PUNCT issue-199 56 37 accordingly accordingly ADV issue-199 56 38 , , PUNCT issue-199 56 39 different different ADJ issue-199 56 40 performance performance NOUN issue-199 56 41 criteria criterion NOUN issue-199 56 42 of of ADP issue-199 56 43 formation formation NOUN issue-199 56 44 and and CCONJ issue-199 56 45 utilization utilization NOUN issue-199 56 46 of of ADP issue-199 56 47 capital capital NOUN issue-199 56 48 ( ( PUNCT issue-199 56 49 table table NOUN issue-199 56 50 2 2 NUM issue-199 56 51 ) ) PUNCT issue-199 56 52 are be AUX issue-199 56 53 set set VERB issue-199 56 54 . . PUNCT issue-199 57 1 as as ADP issue-199 57 2 the the DET issue-199 57 3 result result NOUN issue-199 57 4 of of ADP issue-199 57 5 the the DET issue-199 57 6 research research NOUN issue-199 57 7 , , PUNCT issue-199 57 8 it it PRON issue-199 57 9 is be AUX issue-199 57 10 established establish VERB issue-199 57 11 that that SCONJ issue-199 57 12 the the DET issue-199 57 13 level level NOUN issue-199 57 14 of of ADP issue-199 57 15 equity equity NOUN issue-199 57 16 profitability profitability NOUN issue-199 57 17 and and CCONJ issue-199 57 18 effectiveness effectiveness NOUN issue-199 57 19 of of ADP issue-199 57 20 company company NOUN issue-199 57 21 ’s ’s PART issue-199 57 22 financial financial ADJ issue-199 57 23 and and CCONJ issue-199 57 24 economic economic ADJ issue-199 57 25 activity activity NOUN issue-199 57 26 are be AUX issue-199 57 27 connected connect VERB issue-199 57 28 with with ADP issue-199 57 29 the the DET issue-199 57 30 structure structure NOUN issue-199 57 31 of of ADP issue-199 57 32 funding funding NOUN issue-199 57 33 sources source NOUN issue-199 57 34 . . PUNCT issue-199 58 1 therefore therefore ADV issue-199 58 2 , , PUNCT issue-199 58 3 to to PART issue-199 58 4 determine determine VERB issue-199 58 5 the the DET issue-199 58 6 target target NOUN issue-199 58 7 capital capital NOUN issue-199 58 8 structure structure NOUN issue-199 58 9 , , PUNCT issue-199 58 10 it it PRON issue-199 58 11 is be AUX issue-199 58 12 proposed propose VERB issue-199 58 13 to to PART issue-199 58 14 take take VERB issue-199 58 15 into into ADP issue-199 58 16 account account NOUN issue-199 58 17 such such ADJ issue-199 58 18 factors factor NOUN issue-199 58 19 : : PUNCT issue-199 58 20 the the DET issue-199 58 21 adjusted adjust VERB issue-199 58 22 profitability profitability NOUN issue-199 58 23 of of ADP issue-199 58 24 capital capital NOUN issue-199 58 25 ( ( PUNCT issue-199 58 26 assets asset NOUN issue-199 58 27 ) ) PUNCT issue-199 58 28 before before ADP issue-199 58 29 interest interest NOUN issue-199 58 30 and and CCONJ issue-199 58 31 weighted weight VERB issue-199 58 32 average average ADJ issue-199 58 33 cost cost NOUN issue-199 58 34 of of ADP issue-199 58 35 capital capital NOUN issue-199 58 36 . . PUNCT issue-199 59 1 since since SCONJ issue-199 59 2 company company NOUN issue-199 59 3 ’s ’s PART issue-199 59 4 equity equity NOUN issue-199 59 5 is be AUX issue-199 59 6 characterized characterize VERB issue-199 59 7 by by ADP issue-199 59 8 a a DET issue-199 59 9 certain certain ADJ issue-199 59 10 value value NOUN issue-199 59 11 , , PUNCT issue-199 59 12 to to PART issue-199 59 13 determine determine VERB issue-199 59 14 the the DET issue-199 59 15 criterion criterion NOUN issue-199 59 16 of of ADP issue-199 59 17 optimal optimal ADJ issue-199 59 18 capital capital NOUN issue-199 59 19 structure structure NOUN issue-199 59 20 , , PUNCT issue-199 59 21 it it PRON issue-199 59 22 is be AUX issue-199 59 23 necessary necessary ADJ issue-199 59 24 to to PART issue-199 59 25 take take VERB issue-199 59 26 into into ADP issue-199 59 27 consideration consideration NOUN issue-199 59 28 the the DET issue-199 59 29 amount amount NOUN issue-199 59 30 of of ADP issue-199 59 31 expenses expense NOUN issue-199 59 32 to to PART issue-199 59 33 table table VERB issue-199 59 34 1 1 NUM issue-199 59 35 the the DET issue-199 59 36 systematization systematization NOUN issue-199 59 37 of of ADP issue-199 59 38 capital capital NOUN issue-199 59 39 structure structure NOUN issue-199 59 40 optimization optimization NOUN issue-199 59 41 theories theory NOUN issue-199 59 42 № № ADP issue-199 59 43 the the DET issue-199 59 44 theory theory NOUN issue-199 59 45 the the DET issue-199 59 46 main main ADJ issue-199 59 47 aspects aspect NOUN issue-199 59 48 the the DET issue-199 59 49 static static ADJ issue-199 59 50 theories theory NOUN issue-199 59 51 of of ADP issue-199 59 52 capital capital NOUN issue-199 59 53 structure structure NOUN issue-199 59 54 1 1 NUM issue-199 59 55 modigliani modigliani ADJ issue-199 59 56 - - PUNCT issue-199 59 57 miller miller PROPN issue-199 59 58 theory theory NOUN issue-199 59 59 the the DET issue-199 59 60 market market NOUN issue-199 59 61 value value NOUN issue-199 59 62 of of ADP issue-199 59 63 the the DET issue-199 59 64 company company NOUN issue-199 59 65 is be AUX issue-199 59 66 not not PART issue-199 59 67 dependent dependent ADJ issue-199 59 68 on on ADP issue-199 59 69 financing financing NOUN issue-199 59 70 strategies strategy NOUN issue-199 59 71 ( ( PUNCT issue-199 59 72 i.e. i.e. X issue-199 59 73 , , PUNCT issue-199 59 74 capital capital NOUN issue-199 59 75 structure structure NOUN issue-199 59 76 ) ) PUNCT issue-199 59 77 , , PUNCT issue-199 59 78 and and CCONJ issue-199 59 79 is be AUX issue-199 59 80 determined determine VERB issue-199 59 81 only only ADV issue-199 59 82 by by ADP issue-199 59 83 the the DET issue-199 59 84 efficiency efficiency NOUN issue-199 59 85 of of ADP issue-199 59 86 investment investment NOUN issue-199 59 87 . . PUNCT issue-199 60 1 2 2 NUM issue-199 60 2 agent agent NOUN issue-199 60 3 models model NOUN issue-199 60 4 the the DET issue-199 60 5 presence presence NOUN issue-199 60 6 of of ADP issue-199 60 7 agency agency NOUN issue-199 60 8 conflicts conflict NOUN issue-199 60 9 due due ADJ issue-199 60 10 to to ADP issue-199 60 11 asymmetric asymmetric ADJ issue-199 60 12 information information NOUN issue-199 60 13 . . PUNCT issue-199 61 1 agent agent NOUN issue-199 61 2 conflicts conflict NOUN issue-199 61 3 reduce reduce VERB issue-199 61 4 the the DET issue-199 61 5 value value NOUN issue-199 61 6 of of ADP issue-199 61 7 the the DET issue-199 61 8 enterprise enterprise NOUN issue-199 61 9 : : PUNCT issue-199 61 10 the the DET issue-199 61 11 loan loan NOUN issue-199 61 12 capital capital NOUN issue-199 61 13 has have VERB issue-199 61 14 a a DET issue-199 61 15 disciplining discipline VERB issue-199 61 16 effect effect NOUN issue-199 61 17 . . PUNCT issue-199 62 1 the the DET issue-199 62 2 inclusion inclusion NOUN issue-199 62 3 of of ADP issue-199 62 4 agency agency NOUN issue-199 62 5 costs cost NOUN issue-199 62 6 and and CCONJ issue-199 62 7 expenses expense NOUN issue-199 62 8 related relate VERB issue-199 62 9 to to ADP issue-199 62 10 “ " PUNCT issue-199 62 11 difficulties difficulty NOUN issue-199 62 12 ” " PUNCT issue-199 62 13 . . PUNCT issue-199 63 1 3 3 NUM issue-199 63 2 miller miller PROPN issue-199 63 3 ’s ’s PART issue-199 63 4 model model NOUN issue-199 63 5 the the DET issue-199 63 6 optimal optimal ADJ issue-199 63 7 capital capital NOUN issue-199 63 8 structure structure NOUN issue-199 63 9 is be AUX issue-199 63 10 determined determine VERB issue-199 63 11 by by ADP issue-199 63 12 the the DET issue-199 63 13 ratio ratio NOUN issue-199 63 14 tax tax NOUN issue-199 63 15 rates rate NOUN issue-199 63 16 . . PUNCT issue-199 64 1 4 4 NUM issue-199 64 2 static static ADJ issue-199 64 3 compromise compromise NOUN issue-199 64 4 theories theory NOUN issue-199 64 5 the the DET issue-199 64 6 optimal optimal ADJ issue-199 64 7 capital capital NOUN issue-199 64 8 structure structure NOUN issue-199 64 9 is be AUX issue-199 64 10 determined determine VERB issue-199 64 11 by by ADP issue-199 64 12 the the DET issue-199 64 13 ratio ratio NOUN issue-199 64 14 of of ADP issue-199 64 15 costs cost NOUN issue-199 64 16 and and CCONJ issue-199 64 17 benefits benefit NOUN issue-199 64 18 of of ADP issue-199 64 19 loan loan NOUN issue-199 64 20 capital capital NOUN issue-199 64 21 . . PUNCT issue-199 65 1 focusing focus VERB issue-199 65 2 on on ADP issue-199 65 3 the the DET issue-199 65 4 deviation deviation NOUN issue-199 65 5 of of ADP issue-199 65 6 actual actual ADJ issue-199 65 7 capital capital NOUN issue-199 65 8 structure structure NOUN issue-199 65 9 from from ADP issue-199 65 10 a a DET issue-199 65 11 target target NOUN issue-199 65 12 level level NOUN issue-199 65 13 of of ADP issue-199 65 14 leverage leverage NOUN issue-199 65 15 and and CCONJ issue-199 65 16 the the DET issue-199 65 17 determinants determinant NOUN issue-199 65 18 of of ADP issue-199 65 19 the the DET issue-199 65 20 process process NOUN issue-199 65 21 of of ADP issue-199 65 22 adaptation adaptation NOUN issue-199 65 23 . . PUNCT issue-199 66 1 5 5 NUM issue-199 66 2 theory theory NOUN issue-199 66 3 of of ADP issue-199 66 4 hierarchy hierarchy NOUN issue-199 66 5 enterprises enterprise NOUN issue-199 66 6 prefer prefer VERB issue-199 66 7 internal internal ADJ issue-199 66 8 financing financing NOUN issue-199 66 9 sources source NOUN issue-199 66 10 compared compare VERB issue-199 66 11 with with ADP issue-199 66 12 external external ADJ issue-199 66 13 . . PUNCT issue-199 67 1 the the DET issue-199 67 2 debt debt NOUN issue-199 67 3 burden burden NOUN issue-199 67 4 reflects reflect VERB issue-199 67 5 the the DET issue-199 67 6 necessity necessity NOUN issue-199 67 7 of of ADP issue-199 67 8 external external ADJ issue-199 67 9 financing financing NOUN issue-199 67 10 . . PUNCT issue-199 68 1 the the DET issue-199 68 2 dynamic dynamic ADJ issue-199 68 3 theories theory NOUN issue-199 68 4 of of ADP issue-199 68 5 capital capital NOUN issue-199 68 6 structure structure NOUN issue-199 68 7 6 6 NUM issue-199 68 8 signal signal NOUN issue-199 68 9 models model NOUN issue-199 68 10 the the DET issue-199 68 11 presence presence NOUN issue-199 68 12 of of ADP issue-199 68 13 asymmetric asymmetric ADJ issue-199 68 14 information information NOUN issue-199 68 15 among among ADP issue-199 68 16 investors investor NOUN issue-199 68 17 and and CCONJ issue-199 68 18 managers manager NOUN issue-199 68 19 . . PUNCT issue-199 69 1 managers manager NOUN issue-199 69 2 can can AUX issue-199 69 3 change change VERB issue-199 69 4 the the DET issue-199 69 5 capital capital NOUN issue-199 69 6 structure structure NOUN issue-199 69 7 to to PART issue-199 69 8 represent represent VERB issue-199 69 9 corresponding correspond VERB issue-199 69 10 signals signal NOUN issue-199 69 11 to to ADP issue-199 69 12 investors investor NOUN issue-199 69 13 . . PUNCT issue-199 70 1 7 7 NUM issue-199 70 2 dynamic dynamic ADJ issue-199 70 3 compromise compromise NOUN issue-199 70 4 theories theory NOUN issue-199 70 5 the the DET issue-199 70 6 presence presence NOUN issue-199 70 7 of of ADP issue-199 70 8 the the DET issue-199 70 9 enterprise enterprise NOUN issue-199 70 10 ’s ’s PART issue-199 70 11 target target NOUN issue-199 70 12 capital capital NOUN issue-199 70 13 structure structure NOUN issue-199 70 14 . . PUNCT issue-199 71 1 the the DET issue-199 71 2 existence existence NOUN issue-199 71 3 of of ADP issue-199 71 4 the the DET issue-199 71 5 deviation deviation NOUN issue-199 71 6 between between ADP issue-199 71 7 actual actual ADJ issue-199 71 8 and and CCONJ issue-199 71 9 target target NOUN issue-199 71 10 levels level NOUN issue-199 71 11 of of ADP issue-199 71 12 leverage leverage NOUN issue-199 71 13 . . PUNCT issue-199 72 1 the the DET issue-199 72 2 presence presence NOUN issue-199 72 3 of of ADP issue-199 72 4 convergence convergence NOUN issue-199 72 5 between between ADP issue-199 72 6 these these DET issue-199 72 7 indicators indicator NOUN issue-199 72 8 . . PUNCT issue-199 73 1 source source NOUN issue-199 73 2 : : PUNCT issue-199 73 3 generalized generalize VERB issue-199 73 4 on on ADP issue-199 73 5 the the DET issue-199 73 6 basis basis NOUN issue-199 73 7 of of ADP issue-199 73 8 ( ( PUNCT issue-199 73 9 piatak piatak ADJ issue-199 73 10 , , PUNCT issue-199 73 11 haltsov haltsov NOUN issue-199 73 12 , , PUNCT issue-199 73 13 2013 2013 NUM issue-199 73 14 ; ; PUNCT issue-199 73 15 nykytushkyna nykytushkyna NOUN issue-199 73 16 , , PUNCT issue-199 73 17 makarova makarova NUM issue-199 73 18 , , PUNCT issue-199 73 19 2013 2013 NUM issue-199 73 20 ; ; PUNCT issue-199 73 21 samoilikova samoilikova PROPN issue-199 73 22 , , PUNCT issue-199 73 23 2014 2014 NUM issue-199 73 24 ) ) PUNCT issue-199 73 25 table table NOUN issue-199 73 26 2 2 NUM issue-199 73 27 the the DET issue-199 73 28 methodological methodological ADJ issue-199 73 29 approaches approach NOUN issue-199 73 30 to to ADP issue-199 73 31 the the DET issue-199 73 32 capital capital NOUN issue-199 73 33 structure structure NOUN issue-199 73 34 optimization optimization NOUN issue-199 73 35 used use VERB issue-199 73 36 in in ADP issue-199 73 37 the the DET issue-199 73 38 practice practice NOUN issue-199 73 39 of of ADP issue-199 73 40 financial financial ADJ issue-199 73 41 management management NOUN issue-199 73 42 method method NOUN issue-199 73 43 criterion criterion NOUN issue-199 73 44 legend legend NOUN issue-199 73 45 formula formula NOUN issue-199 73 46 number number NOUN issue-199 73 47 method method NOUN issue-199 73 48 of of ADP issue-199 73 49 wacc wacc PROPN issue-199 73 50 wacc wacc PROPN issue-199 73 51 y y PROPN issue-199 73 52 * * PROPN issue-199 73 53 v v NUM issue-199 73 54 min min NOUN issue-199 74 1 i i PRON issue-199 74 2 n n ADV issue-199 74 3 i i PRON issue-199 74 4 i= i= VERB issue-199 74 5 → → PUNCT issue-199 74 6 = = SYM issue-199 74 7 → → SYM issue-199 74 8 = = SYM issue-199 74 9 − − PROPN issue-199 74 10 ( ( PUNCT issue-199 74 11 ) ) PUNCT issue-199 74 12 − − PROPN issue-199 74 13 ( ( PUNCT issue-199 74 14 ) ) PUNCT issue-199 74 15 → → SYM issue-199 74 16 − − PROPN issue-199 74 17 = = SYM issue-199 74 18 ∑ ∑ PROPN issue-199 74 19 1 1 NUM issue-199 74 20 1 1 NUM issue-199 74 21 r r NOUN issue-199 74 22 ni ni PROPN issue-199 74 23 e e PROPN issue-199 74 24 max max PROPN issue-199 74 25 l l PROPN issue-199 74 26 lc lc PROPN issue-199 75 1 e e NOUN issue-199 75 2 r r NOUN issue-199 75 3 r r NOUN issue-199 75 4 t t NOUN issue-199 75 5 max max PROPN issue-199 75 6 ebit ebit PROPN issue-199 75 7 db db PROPN issue-199 76 1 e e PROPN issue-199 76 2 c c X issue-199 76 3 * * PUNCT issue-199 76 4 * * PUNCT issue-199 76 5 σσ σσ ADP issue-199 76 6 ebit ebit PROPN issue-199 76 7 p p PROPN issue-199 76 8 max max PROPN issue-199 76 9 ps ps PROPN issue-199 76 10 t t PROPN issue-199 76 11 ebit ebit PROPN issue-199 76 12 fe fe X issue-199 76 13 div div PROPN issue-199 76 14 s s PART issue-199 76 15 max max PROPN issue-199 76 16 risk risk NOUN issue-199 76 17 min min NOUN issue-199 76 18 → → SYM issue-199 76 19 = = SYM issue-199 76 20 − − PROPN issue-199 76 21 ( ( PUNCT issue-199 76 22 ) ) PUNCT issue-199 76 23 − − PROPN issue-199 76 24 ( ( PUNCT issue-199 76 25 ) ) PUNCT issue-199 76 26 − − PROPN issue-199 76 27 → → SYM issue-199 76 28 → → SYM issue-199 76 29 1 1 NUM issue-199 76 30 wacc wacc PROPN issue-199 76 31     SPACE issue-199 76 32 – – PUNCT issue-199 76 33 weighted weight VERB issue-199 76 34 average average ADJ issue-199 76 35 cost cost NOUN issue-199 76 36 of of ADP issue-199 76 37 capital capital NOUN issue-199 76 38 ; ; PUNCT issue-199 76 39 yi yi PROPN issue-199 76 40     SPACE issue-199 76 41 – – PUNCT issue-199 76 42 the the DET issue-199 76 43 proportion proportion NOUN issue-199 76 44 of of ADP issue-199 76 45 each each DET issue-199 76 46 element element NOUN issue-199 76 47 in in ADP issue-199 76 48 the the DET issue-199 76 49 total total ADJ issue-199 76 50 capital capital NOUN issue-199 76 51 ; ; PUNCT issue-199 76 52 vi vi X issue-199 76 53     SPACE issue-199 76 54 – – PUNCT issue-199 76 55 the the DET issue-199 76 56 relative relative ADJ issue-199 76 57 value value NOUN issue-199 76 58 of of ADP issue-199 76 59 each each DET issue-199 76 60 element element NOUN issue-199 76 61 of of ADP issue-199 76 62 capital capital NOUN issue-199 76 63 . . PUNCT issue-199 77 1 ( ( PUNCT issue-199 77 2 1 1 X issue-199 77 3 ) ) PUNCT issue-199 77 4 method method NOUN issue-199 77 5 of of ADP issue-199 77 6 return return NOUN issue-199 77 7 on on ADP issue-199 77 8 equity equity PROPN issue-199 77 9 wacc wacc PROPN issue-199 77 10 y y PROPN issue-199 77 11 * * PROPN issue-199 77 12 v v NUM issue-199 77 13 min min NOUN issue-199 78 1 i i PRON issue-199 78 2 n n ADV issue-199 78 3 i i PRON issue-199 78 4 i= i= VERB issue-199 78 5 → → PUNCT issue-199 78 6 = = SYM issue-199 78 7 → → SYM issue-199 78 8 = = SYM issue-199 78 9 − − PROPN issue-199 78 10 ( ( PUNCT issue-199 78 11 ) ) PUNCT issue-199 78 12 − − PROPN issue-199 78 13 ( ( PUNCT issue-199 78 14 ) ) PUNCT issue-199 78 15 → → SYM issue-199 78 16 − − PROPN issue-199 78 17 = = SYM issue-199 78 18 ∑ ∑ PROPN issue-199 78 19 1 1 NUM issue-199 78 20 1 1 NUM issue-199 78 21 r r NOUN issue-199 78 22 ni ni PROPN issue-199 78 23 e e PROPN issue-199 78 24 max max PROPN issue-199 78 25 l l PROPN issue-199 78 26 lc lc PROPN issue-199 79 1 e e NOUN issue-199 79 2 r r NOUN issue-199 79 3 r r NOUN issue-199 79 4 t t NOUN issue-199 79 5 max max PROPN issue-199 79 6 ebit ebit PROPN issue-199 79 7 db db PROPN issue-199 80 1 e e PROPN issue-199 80 2 c c X issue-199 80 3 * * PUNCT issue-199 80 4 * * PUNCT issue-199 80 5 σσ σσ ADP issue-199 80 6 ebit ebit PROPN issue-199 80 7 p p PROPN issue-199 80 8 max max PROPN issue-199 80 9 ps ps PROPN issue-199 80 10 t t PROPN issue-199 80 11 ebit ebit PROPN issue-199 80 12 fe fe X issue-199 80 13 div div PROPN issue-199 80 14 s s PART issue-199 80 15 max max PROPN issue-199 80 16 risk risk NOUN issue-199 80 17 min min NOUN issue-199 80 18 → → SYM issue-199 80 19 = = SYM issue-199 80 20 − − PROPN issue-199 80 21 ( ( PUNCT issue-199 80 22 ) ) PUNCT issue-199 80 23 − − PROPN issue-199 80 24 ( ( PUNCT issue-199 80 25 ) ) PUNCT issue-199 80 26 − − PROPN issue-199 80 27 → → SYM issue-199 80 28 → → SYM issue-199 80 29 1 1 NUM issue-199 80 30 ni ni NOUN issue-199 80 31     SPACE issue-199 80 32 – – PUNCT issue-199 80 33 net net ADJ issue-199 80 34 income income NOUN issue-199 80 35 ; ; PUNCT issue-199 80 36 e e X issue-199 80 37     SPACE issue-199 80 38 – – PUNCT issue-199 80 39 equity equity NOUN issue-199 80 40 . . PUNCT issue-199 81 1 ( ( PUNCT issue-199 81 2 2 2 X issue-199 81 3 ) ) PUNCT issue-199 81 4 method method NOUN issue-199 81 5 of of ADP issue-199 81 6 financial financial ADJ issue-199 81 7 leverage leverage NOUN issue-199 81 8 wacc wacc PROPN issue-199 81 9 y y PROPN issue-199 81 10 * * PROPN issue-199 81 11 v v NUM issue-199 81 12 min min NOUN issue-199 82 1 i i PRON issue-199 82 2 n n ADV issue-199 82 3 i i PRON issue-199 82 4 i= i= VERB issue-199 82 5 → → PUNCT issue-199 82 6 = = SYM issue-199 82 7 → → SYM issue-199 82 8 = = SYM issue-199 82 9 − − PROPN issue-199 82 10 ( ( PUNCT issue-199 82 11 ) ) PUNCT issue-199 82 12 − − PROPN issue-199 82 13 ( ( PUNCT issue-199 82 14 ) ) PUNCT issue-199 82 15 → → SYM issue-199 82 16 − − PROPN issue-199 82 17 = = SYM issue-199 82 18 ∑ ∑ PROPN issue-199 82 19 1 1 NUM issue-199 82 20 1 1 NUM issue-199 82 21 r r NOUN issue-199 82 22 ni ni PROPN issue-199 82 23 e e PROPN issue-199 82 24 max max PROPN issue-199 82 25 l l PROPN issue-199 82 26 lc lc PROPN issue-199 83 1 e e NOUN issue-199 83 2 r r NOUN issue-199 83 3 r r NOUN issue-199 83 4 t t NOUN issue-199 83 5 max max PROPN issue-199 83 6 ebit ebit PROPN issue-199 83 7 db db PROPN issue-199 84 1 e e PROPN issue-199 84 2 c c X issue-199 84 3 * * PUNCT issue-199 84 4 * * PUNCT issue-199 84 5 σσ σσ ADP issue-199 84 6 ebit ebit PROPN issue-199 84 7 p p PROPN issue-199 84 8 max max PROPN issue-199 84 9 ps ps PROPN issue-199 84 10 t t PROPN issue-199 84 11 ebit ebit PROPN issue-199 84 12 fe fe X issue-199 84 13 div div PROPN issue-199 84 14 s s PART issue-199 84 15 max max PROPN issue-199 84 16 risk risk NOUN issue-199 84 17 min min NOUN issue-199 84 18 → → SYM issue-199 84 19 = = SYM issue-199 84 20 − − PROPN issue-199 84 21 ( ( PUNCT issue-199 84 22 ) ) PUNCT issue-199 84 23 − − PROPN issue-199 84 24 ( ( PUNCT issue-199 84 25 ) ) PUNCT issue-199 84 26 − − PROPN issue-199 84 27 → → SYM issue-199 84 28 → → SYM issue-199 84 29 1 1 NUM issue-199 84 30 l l NOUN issue-199 84 31     SPACE issue-199 84 32 – – PUNCT issue-199 84 33 the the DET issue-199 84 34 effect effect NOUN issue-199 84 35 of of ADP issue-199 84 36 financial financial ADJ issue-199 84 37 leverage leverage NOUN issue-199 84 38 ; ; PUNCT issue-199 84 39 lc lc NOUN issue-199 84 40     SPACE issue-199 84 41 – – PUNCT issue-199 84 42 loan loan NOUN issue-199 84 43 capital capital NOUN issue-199 84 44 ; ; PUNCT issue-199 84 45 rc rc PROPN issue-199 84 46 – – PUNCT issue-199 84 47 the the DET issue-199 84 48 level level NOUN issue-199 84 49 of of ADP issue-199 84 50 capital capital NOUN issue-199 84 51 ( ( PUNCT issue-199 84 52 assets asset NOUN issue-199 84 53 ) ) PUNCT issue-199 84 54 profitability profitability NOUN issue-199 84 55 before before ADP issue-199 84 56 interest interest NOUN issue-199 84 57 ; ; PUNCT issue-199 84 58 r r X issue-199 84 59     SPACE issue-199 84 60 – – PUNCT issue-199 84 61 the the DET issue-199 84 62 level level NOUN issue-199 84 63 of of ADP issue-199 84 64 interest interest NOUN issue-199 84 65 ; ; PUNCT issue-199 84 66 t t PROPN issue-199 84 67     SPACE issue-199 84 68 – – PUNCT issue-199 84 69 the the DET issue-199 84 70 tax tax NOUN issue-199 84 71 level level NOUN issue-199 84 72 . . PUNCT issue-199 85 1 ( ( PUNCT issue-199 85 2 3 3 X issue-199 85 3 ) ) PUNCT issue-199 85 4 method method NOUN issue-199 85 5 of of ADP issue-199 85 6 income income NOUN issue-199 85 7 volatility volatility PROPN issue-199 85 8 wacc wacc PROPN issue-199 86 1 y y PROPN issue-199 86 2 * * PROPN issue-199 86 3 v v NUM issue-199 86 4 min min NOUN issue-199 87 1 i i PRON issue-199 87 2 n n ADV issue-199 87 3 i i PRON issue-199 87 4 i= i= VERB issue-199 87 5 → → PUNCT issue-199 87 6 = = SYM issue-199 87 7 → → SYM issue-199 87 8 = = SYM issue-199 87 9 − − PROPN issue-199 87 10 ( ( PUNCT issue-199 87 11 ) ) PUNCT issue-199 87 12 − − PROPN issue-199 87 13 ( ( PUNCT issue-199 87 14 ) ) PUNCT issue-199 87 15 → → SYM issue-199 87 16 − − PROPN issue-199 87 17 = = SYM issue-199 87 18 ∑ ∑ PROPN issue-199 87 19 1 1 NUM issue-199 87 20 1 1 NUM issue-199 87 21 r r NOUN issue-199 87 22 ni ni PROPN issue-199 87 23 e e PROPN issue-199 87 24 max max PROPN issue-199 87 25 l l PROPN issue-199 87 26 lc lc PROPN issue-199 88 1 e e NOUN issue-199 88 2 r r NOUN issue-199 88 3 r r NOUN issue-199 88 4 t t NOUN issue-199 88 5 max max PROPN issue-199 88 6 ebit ebit PROPN issue-199 88 7 db db PROPN issue-199 89 1 e e PROPN issue-199 89 2 c c X issue-199 89 3 * * PUNCT issue-199 89 4 * * PUNCT issue-199 89 5 σσ σσ ADP issue-199 89 6 ebit ebit PROPN issue-199 89 7 p p PROPN issue-199 89 8 max max PROPN issue-199 89 9 ps ps PROPN issue-199 89 10 t t PROPN issue-199 89 11 ebit ebit PROPN issue-199 89 12 fe fe X issue-199 89 13 div div PROPN issue-199 89 14 s s PART issue-199 89 15 max max PROPN issue-199 89 16 risk risk NOUN issue-199 89 17 min min NOUN issue-199 89 18 → → SYM issue-199 89 19 = = SYM issue-199 89 20 − − PROPN issue-199 89 21 ( ( PUNCT issue-199 89 22 ) ) PUNCT issue-199 89 23 − − PROPN issue-199 89 24 ( ( PUNCT issue-199 89 25 ) ) PUNCT issue-199 89 26 − − PROPN issue-199 89 27 → → SYM issue-199 89 28 → → SYM issue-199 89 29 1 1 NUM issue-199 89 30 ebit ebit NOUN issue-199 89 31     SPACE issue-199 89 32 – – PUNCT issue-199 89 33 the the DET issue-199 89 34 income income NOUN issue-199 89 35 before before ADP issue-199 89 36 interest interest NOUN issue-199 89 37 and and CCONJ issue-199 89 38 taxes taxis NOUN issue-199 89 39 ; ; PUNCT issue-199 89 40 db db X issue-199 89 41     SPACE issue-199 89 42 – – PUNCT issue-199 89 43 debt debt NOUN issue-199 89 44 burden burden NOUN issue-199 89 45 ; ; PUNCT issue-199 89 46 σebitsample σebitsample NOUN issue-199 89 47 standard standard ADJ issue-199 89 48 deviation deviation NOUN issue-199 89 49 of of ADP issue-199 89 50 the the DET issue-199 89 51 income income NOUN issue-199 89 52 before before ADP issue-199 89 53 interest interest NOUN issue-199 89 54 and and CCONJ issue-199 89 55 taxes taxis NOUN issue-199 89 56 ; ; PUNCT issue-199 89 57 ( ( PUNCT issue-199 89 58 4 4 X issue-199 89 59 ) ) PUNCT issue-199 89 60 method method NOUN issue-199 89 61 “ " PUNCT issue-199 89 62 ebit ebit PROPN issue-199 89 63 - - PUNCT issue-199 89 64 eps eps PROPN issue-199 89 65 ” " PUNCT issue-199 89 66 eps eps PROPN issue-199 89 67 wacc wacc PROPN issue-199 89 68 y y PROPN issue-199 89 69 * * PROPN issue-199 89 70 v v NUM issue-199 89 71 min min NOUN issue-199 90 1 i i PRON issue-199 90 2 n n ADV issue-199 90 3 i i PRON issue-199 90 4 i= i= VERB issue-199 90 5 → → PUNCT issue-199 90 6 = = SYM issue-199 90 7 → → SYM issue-199 90 8 = = SYM issue-199 90 9 − − PROPN issue-199 90 10 ( ( PUNCT issue-199 90 11 ) ) PUNCT issue-199 90 12 − − PROPN issue-199 90 13 ( ( PUNCT issue-199 90 14 ) ) PUNCT issue-199 90 15 → → SYM issue-199 90 16 − − PROPN issue-199 90 17 = = SYM issue-199 90 18 ∑ ∑ PROPN issue-199 90 19 1 1 NUM issue-199 90 20 1 1 NUM issue-199 90 21 r r NOUN issue-199 90 22 ni ni PROPN issue-199 90 23 e e PROPN issue-199 90 24 max max PROPN issue-199 90 25 l l PROPN issue-199 90 26 lc lc PROPN issue-199 91 1 e e NOUN issue-199 91 2 r r NOUN issue-199 91 3 r r NOUN issue-199 91 4 t t NOUN issue-199 91 5 max max PROPN issue-199 91 6 ebit ebit PROPN issue-199 91 7 db db PROPN issue-199 92 1 e e PROPN issue-199 92 2 c c X issue-199 92 3 * * PUNCT issue-199 92 4 * * PUNCT issue-199 92 5 σσ σσ ADP issue-199 92 6 ebit ebit PROPN issue-199 92 7 p p PROPN issue-199 92 8 max max PROPN issue-199 92 9 ps ps PROPN issue-199 92 10 t t PROPN issue-199 92 11 ebit ebit PROPN issue-199 92 12 fe fe X issue-199 92 13 div div PROPN issue-199 92 14 s s PART issue-199 92 15 max max PROPN issue-199 92 16 risk risk NOUN issue-199 92 17 min min NOUN issue-199 92 18 → → SYM issue-199 92 19 = = SYM issue-199 92 20 − − PROPN issue-199 92 21 ( ( PUNCT issue-199 92 22 ) ) PUNCT issue-199 92 23 − − PROPN issue-199 92 24 ( ( PUNCT issue-199 92 25 ) ) PUNCT issue-199 92 26 − − PROPN issue-199 92 27 → → SYM issue-199 92 28 → → SYM issue-199 92 29 1 1 NUM issue-199 92 30 eps eps PROPN issue-199 92 31     SPACE issue-199 92 32 – – PUNCT issue-199 92 33 the the DET issue-199 92 34 income income NOUN issue-199 92 35 per per ADP issue-199 92 36 ordinary ordinary ADJ issue-199 92 37 share share NOUN issue-199 92 38 ; ; PUNCT issue-199 92 39 fe fe X issue-199 92 40     SPACE issue-199 92 41 – – PUNCT issue-199 92 42 the the DET issue-199 92 43 financial financial ADJ issue-199 92 44 expense expense NOUN issue-199 92 45 ; ; PUNCT issue-199 92 46 divp divp PROPN issue-199 92 47     SPACE issue-199 92 48 – – PUNCT issue-199 92 49 the the DET issue-199 92 50 dividends dividend NOUN issue-199 92 51 on on ADP issue-199 92 52 preferred preferred ADJ issue-199 92 53 shares share NOUN issue-199 92 54 ; ; PUNCT issue-199 92 55 s s X issue-199 92 56     SPACE issue-199 92 57 – – PUNCT issue-199 92 58 the the DET issue-199 92 59 average average ADJ issue-199 92 60 number number NOUN issue-199 92 61 of of ADP issue-199 92 62 ordinary ordinary ADJ issue-199 92 63 shares share NOUN issue-199 92 64 . . PUNCT issue-199 93 1 ( ( PUNCT issue-199 93 2 5 5 X issue-199 93 3 ) ) PUNCT issue-199 93 4 method method NOUN issue-199 93 5 of of ADP issue-199 93 6 financial financial ADJ issue-199 93 7 risk risk NOUN issue-199 93 8 wacc wacc PROPN issue-199 94 1 y y PROPN issue-199 94 2 * * PROPN issue-199 94 3 v v NUM issue-199 94 4 min min NOUN issue-199 95 1 i i PRON issue-199 95 2 n n ADV issue-199 95 3 i i PRON issue-199 95 4 i= i= VERB issue-199 95 5 → → PUNCT issue-199 95 6 = = SYM issue-199 95 7 → → SYM issue-199 95 8 = = SYM issue-199 95 9 − − PROPN issue-199 95 10 ( ( PUNCT issue-199 95 11 ) ) PUNCT issue-199 95 12 − − PROPN issue-199 95 13 ( ( PUNCT issue-199 95 14 ) ) PUNCT issue-199 95 15 → → SYM issue-199 95 16 − − PROPN issue-199 95 17 = = SYM issue-199 95 18 ∑ ∑ PROPN issue-199 95 19 1 1 NUM issue-199 95 20 1 1 NUM issue-199 95 21 r r NOUN issue-199 95 22 ni ni PROPN issue-199 95 23 e e PROPN issue-199 95 24 max max PROPN issue-199 95 25 l l PROPN issue-199 95 26 lc lc PROPN issue-199 96 1 e e NOUN issue-199 96 2 r r NOUN issue-199 96 3 r r NOUN issue-199 96 4 t t NOUN issue-199 96 5 max max PROPN issue-199 96 6 ebit ebit PROPN issue-199 96 7 db db PROPN issue-199 97 1 e e PROPN issue-199 97 2 c c X issue-199 97 3 * * PUNCT issue-199 97 4 * * PUNCT issue-199 97 5 σσ σσ ADP issue-199 97 6 ebit ebit PROPN issue-199 97 7 p p PROPN issue-199 97 8 max max PROPN issue-199 97 9 ps ps PROPN issue-199 97 10 t t PROPN issue-199 97 11 ebit ebit PROPN issue-199 97 12 fe fe X issue-199 97 13 div div PROPN issue-199 97 14 s s PART issue-199 97 15 max max PROPN issue-199 97 16 risk risk NOUN issue-199 97 17 min min NOUN issue-199 97 18 → → SYM issue-199 97 19 = = SYM issue-199 97 20 − − PROPN issue-199 97 21 ( ( PUNCT issue-199 97 22 ) ) PUNCT issue-199 97 23 − − PROPN issue-199 97 24 ( ( PUNCT issue-199 97 25 ) ) PUNCT issue-199 97 26 − − PROPN issue-199 97 27 → → SYM issue-199 97 28 → → SYM issue-199 97 29 1 1 NUM issue-199 97 30 risk risk NOUN issue-199 97 31     SPACE issue-199 97 32 – – PUNCT issue-199 97 33 the the DET issue-199 97 34 level level NOUN issue-199 97 35 of of ADP issue-199 97 36 financial financial ADJ issue-199 97 37 risk risk NOUN issue-199 97 38 ( ( PUNCT issue-199 97 39 6 6 NUM issue-199 97 40 ) ) PUNCT issue-199 97 41 source source NOUN issue-199 97 42 : : PUNCT issue-199 97 43 generalized generalize VERB issue-199 97 44 on on ADP issue-199 97 45 the the DET issue-199 97 46 basis basis NOUN issue-199 97 47 of of ADP issue-199 97 48 ( ( PUNCT issue-199 97 49 grachev grachev NOUN issue-199 97 50 , , PUNCT issue-199 97 51 2010 2010 NUM issue-199 97 52 ; ; PUNCT issue-199 97 53 diadiuk diadiuk NOUN issue-199 97 54 , , PUNCT issue-199 97 55 kruhlova kruhlova PROPN issue-199 97 56 , , PUNCT issue-199 97 57 foschan foschan NOUN issue-199 97 58 , , PUNCT issue-199 97 59 2014 2014 NUM issue-199 97 60 ; ; PUNCT issue-199 97 61 zagainova zagainova NOUN issue-199 97 62 , , PUNCT issue-199 97 63 2006 2006 NUM issue-199 97 64 ; ; PUNCT issue-199 97 65 sysoeva sysoeva VERB issue-199 97 66 , , PUNCT issue-199 97 67 2007 2007 NUM issue-199 97 68 ) ) PUNCT issue-199 97 69 baltic baltic ADJ issue-199 97 70 journal journal NOUN issue-199 97 71 of of ADP issue-199 97 72 economic economic ADJ issue-199 97 73 studies study NOUN issue-199 97 74 67 67 NUM issue-199 97 75 vol vol NOUN issue-199 97 76 . . PROPN issue-199 98 1 3 3 NUM issue-199 98 2 , , PUNCT issue-199 98 3 no no INTJ issue-199 98 4 . . NOUN issue-199 98 5 3 3 NUM issue-199 98 6 , , PUNCT issue-199 98 7 2017 2017 NUM issue-199 98 8 maintain maintain VERB issue-199 98 9 the the DET issue-199 98 10 existing exist VERB issue-199 98 11 funding funding NOUN issue-199 98 12 structure structure NOUN issue-199 98 13 . . PUNCT issue-199 99 1 so so ADV issue-199 99 2 , , PUNCT issue-199 99 3 there there PRON issue-199 99 4 is be VERB issue-199 99 5 the the DET issue-199 99 6 necessity necessity NOUN issue-199 99 7 to to PART issue-199 99 8 use use VERB issue-199 99 9 the the DET issue-199 99 10 modified modify VERB issue-199 99 11 model model NOUN issue-199 99 12 to to PART issue-199 99 13 assess assess VERB issue-199 99 14 the the DET issue-199 99 15 effect effect NOUN issue-199 99 16 of of ADP issue-199 99 17 financial financial ADJ issue-199 99 18 leverage leverage NOUN issue-199 99 19 , , PUNCT issue-199 99 20 considering consider VERB issue-199 99 21 the the DET issue-199 99 22 average average ADJ issue-199 99 23 cost cost NOUN issue-199 99 24 of of ADP issue-199 99 25 capital capital NOUN issue-199 99 26 ( ( PUNCT issue-199 99 27 zagainova zagainova NOUN issue-199 99 28 , , PUNCT issue-199 99 29 2006 2006 NUM issue-199 99 30 ): ): PUNCT issue-199 99 31 𝐿𝐿м 𝐿𝐿м X issue-199 99 32 = = SYM issue-199 99 33 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 99 34 𝐸𝐸 𝐸𝐸 PROPN issue-199 99 35 ∗ ∗ NOUN issue-199 99 36 ( ( PUNCT issue-199 99 37 𝑅𝑅𝑅𝑅(1 𝑅𝑅𝑅𝑅(1 CCONJ issue-199 99 38 − − PROPN issue-199 99 39 𝑡𝑡 𝑡𝑡 ADJ issue-199 99 40 ) ) PUNCT issue-199 99 41 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 NUM issue-199 99 42 ) ) PUNCT issue-199 99 43 → → SYM issue-199 99 44 𝑚𝑚𝑚𝑚𝑥𝑥 𝑚𝑚𝑚𝑚𝑥𝑥 NOUN issue-199 99 45 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 VERB issue-199 99 46 ≥ ≥ NUM issue-199 99 47 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 99 48 + + CCONJ issue-199 99 49 𝐿𝐿𝑊𝑊 𝐿𝐿𝑊𝑊 PROPN issue-199 99 50 − − PROPN issue-199 99 51 ( ( PUNCT issue-199 99 52 𝐸𝐸0 𝐸𝐸0 PROPN issue-199 99 53 + + CCONJ issue-199 99 54 ( ( PUNCT issue-199 99 55 ( ( PUNCT issue-199 99 56 1 1 NUM issue-199 99 57 − − NUM issue-199 99 58 𝑡𝑡 𝑡𝑡 ADJ issue-199 99 59 ) ) PUNCT issue-199 99 60 ∗ ∗ NOUN issue-199 99 61 ( ( PUNCT issue-199 99 62 1 1 NUM issue-199 99 63 − − PROPN issue-199 99 64 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 PROPN issue-199 99 65 ) ) PUNCT issue-199 99 66 ∗ ∗ NOUN issue-199 99 67 ( ( PUNCT issue-199 99 68 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 VERB issue-199 99 69 − − PROPN issue-199 99 70 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 99 71 ) ) PUNCT issue-199 99 72 ) ) PUNCT issue-199 100 1 − − PROPN issue-199 101 1 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 101 2 − − PROPN issue-199 101 3 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 101 4 1 1 NUM issue-199 101 5 − − NOUN issue-199 101 6 ( ( PUNCT issue-199 101 7 1 1 NUM issue-199 101 8 − − PROPN issue-199 101 9 𝑡𝑡 𝑡𝑡 ADJ issue-199 101 10 ) ) PUNCT issue-199 101 11 ∗ ∗ NOUN issue-199 101 12 ( ( PUNCT issue-199 101 13 1 1 NUM issue-199 101 14 − − PROPN issue-199 101 15 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 NOUN issue-199 101 16 ) ) PUNCT issue-199 101 17 ∗ ∗ NOUN issue-199 101 18 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 101 19 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 PROPN issue-199 101 20 = = SYM issue-199 101 21 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 101 22 + + CCONJ issue-199 101 23 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 101 24 ∗ ∗ NOUN issue-199 101 25 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 101 26 𝑖𝑖 𝑖𝑖 PUNCT issue-199 102 1 = = PUNCT issue-199 102 2 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 102 3 ∗ ∗ NOUN issue-199 102 4 ( ( PUNCT issue-199 102 5 1 1 NUM issue-199 102 6 − − PROPN issue-199 102 7 𝑡𝑡 𝑡𝑡 ADJ issue-199 102 8 ) ) PUNCT issue-199 102 9 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 103 1 + + CCONJ issue-199 103 2 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 103 3 + + CCONJ issue-199 103 4 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 103 5 = = SYM issue-199 103 6 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 103 7 ∗ ∗ NOUN issue-199 103 8 ( ( PUNCT issue-199 103 9 1 1 NUM issue-199 103 10 − − PROPN issue-199 103 11 𝑡𝑡 𝑡𝑡 ADJ issue-199 103 12 ) ) PUNCT issue-199 103 13 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 103 14 𝐷𝐷𝐶𝐶𝐶𝐶 𝐷𝐷𝐶𝐶𝐶𝐶 NOUN issue-199 103 15 = = SYM issue-199 104 1 𝐸𝐸 𝐸𝐸 PROPN issue-199 104 2 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 104 3 ≤ ≤ NOUN issue-199 104 4 1,5 1,5 NUM issue-199 104 5 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 NOUN issue-199 104 6 = = SYM issue-199 104 7 𝐸𝐸 𝐸𝐸 PROPN issue-199 104 8 + + CCONJ issue-199 104 9 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 105 1 − − PROPN issue-199 105 2 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 105 3 𝐸𝐸 𝐸𝐸 PROPN issue-199 105 4 + + CCONJ issue-199 105 5 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 105 6 ≤ ≤ NOUN issue-199 105 7 0,2 0,2 NUM issue-199 105 8 𝑅𝑅𝑐𝑐 𝑅𝑅𝑐𝑐 PROPN issue-199 105 9 ∗ ∗ NOUN issue-199 105 10 ( ( PUNCT issue-199 105 11 1 1 NUM issue-199 105 12 − − PROPN issue-199 105 13 𝑡𝑡 𝑡𝑡 ADJ issue-199 105 14 ) ) PUNCT issue-199 105 15 − − PROPN issue-199 105 16 і і PROPN issue-199 105 17 = = PUNCT issue-199 105 18 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 105 19 − − NOUN issue-199 105 20 і і X issue-199 105 21 ≥ ≥ NUM issue-199 105 22 0 0 NUM issue-199 105 23 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 105 24 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 105 25 ≥ ≥ NOUN issue-199 105 26 𝑖𝑖 𝑖𝑖 X issue-199 105 27 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 105 28 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 105 29 < < X issue-199 105 30 𝑖𝑖 𝑖𝑖 X issue-199 105 31 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 105 32 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 105 33 < < X issue-199 105 34 𝑖𝑖 𝑖𝑖 X issue-199 105 35 ≤ ≤ NUM issue-199 105 36 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 105 37 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 105 38 𝑝𝑝 𝑝𝑝 NOUN issue-199 105 39 = = SYM issue-199 105 40 ( ( PUNCT issue-199 105 41 𝑖𝑖 𝑖𝑖 INTJ issue-199 105 42 − − PRON issue-199 105 43 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 105 44 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 PROPN issue-199 105 45 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 105 46 − − PROPN issue-199 105 47 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 NOUN issue-199 105 48 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 105 49 ) ) PUNCT issue-199 105 50 . . PUNCT issue-199 106 1 ( ( PUNCT issue-199 106 2 7 7 X issue-199 106 3 ) ) PUNCT issue-199 106 4 the the DET issue-199 106 5 utilization utilization NOUN issue-199 106 6 of of ADP issue-199 106 7 the the DET issue-199 106 8 criterion criterion NOUN issue-199 106 9 ( ( PUNCT issue-199 106 10 7 7 X issue-199 106 11 ) ) PUNCT issue-199 106 12 requires require VERB issue-199 106 13 establishing establish VERB issue-199 106 14 additional additional ADJ issue-199 106 15 limits limit NOUN issue-199 106 16 of of ADP issue-199 106 17 the the DET issue-199 106 18 optimal optimal ADJ issue-199 106 19 capital capital NOUN issue-199 106 20 structure structure NOUN issue-199 106 21 formation formation NOUN issue-199 106 22 : : PUNCT issue-199 106 23 the the DET issue-199 106 24 restriction restriction NOUN issue-199 106 25 on on ADP issue-199 106 26 the the DET issue-199 106 27 functioning function VERB issue-199 106 28 capital capital NOUN issue-199 106 29 adequacy adequacy NOUN issue-199 106 30 ; ; PUNCT issue-199 106 31 the the DET issue-199 106 32 restrictions restriction NOUN issue-199 106 33 on on ADP issue-199 106 34 the the DET issue-199 106 35 level level NOUN issue-199 106 36 of of ADP issue-199 106 37 financial financial ADJ issue-199 106 38 stability stability NOUN issue-199 106 39 ; ; PUNCT issue-199 106 40 the the DET issue-199 106 41 restriction restriction NOUN issue-199 106 42 on on ADP issue-199 106 43 the the DET issue-199 106 44 inalienability inalienability NOUN issue-199 106 45 of of ADP issue-199 106 46 differential differential NOUN issue-199 106 47 of of ADP issue-199 106 48 financial financial ADJ issue-199 106 49 leverage leverage NOUN issue-199 106 50 ; ; PUNCT issue-199 106 51 the the DET issue-199 106 52 restriction restriction NOUN issue-199 106 53 on on ADP issue-199 106 54 the the DET issue-199 106 55 level level NOUN issue-199 106 56 of of ADP issue-199 106 57 financial financial ADJ issue-199 106 58 risk risk NOUN issue-199 106 59 . . PUNCT issue-199 107 1 to to PART issue-199 107 2 determine determine VERB issue-199 107 3 the the DET issue-199 107 4 minimum minimum ADJ issue-199 107 5 required require VERB issue-199 107 6 amount amount NOUN issue-199 107 7 of of ADP issue-199 107 8 functioning function VERB issue-199 107 9 capital capital NOUN issue-199 107 10 , , PUNCT issue-199 107 11 the the DET issue-199 107 12 predictive predictive ADJ issue-199 107 13 value value NOUN issue-199 107 14 of of ADP issue-199 107 15 profits profit NOUN issue-199 107 16 before before ADP issue-199 107 17 interest interest NOUN issue-199 107 18 and and CCONJ issue-199 107 19 taxes taxis NOUN issue-199 107 20 ( ( PUNCT issue-199 107 21 ebit ebit PROPN issue-199 107 22 ) ) PUNCT issue-199 107 23 , , PUNCT issue-199 107 24 current current ADJ issue-199 107 25 ( ( PUNCT issue-199 107 26 ca ca NOUN issue-199 107 27 ) ) PUNCT issue-199 107 28 and and CCONJ issue-199 107 29 non non ADJ issue-199 107 30 - - ADJ issue-199 107 31 current current ADJ issue-199 107 32 assets asset NOUN issue-199 107 33 ( ( PUNCT issue-199 107 34 nca nca NOUN issue-199 107 35 ) ) PUNCT issue-199 107 36 , , PUNCT issue-199 107 37 the the DET issue-199 107 38 previous previous ADJ issue-199 107 39 forecast forecast NOUN issue-199 107 40 of of ADP issue-199 107 41 long long ADJ issue-199 107 42 - - PUNCT issue-199 107 43 term term NOUN issue-199 107 44 ( ( PUNCT issue-199 107 45 ltlp ltlp NOUN issue-199 107 46 ) ) PUNCT issue-199 107 47 and and CCONJ issue-199 107 48 short short ADJ issue-199 107 49 - - PUNCT issue-199 107 50 term term NOUN issue-199 107 51 liabilities liability NOUN issue-199 107 52 ( ( PUNCT issue-199 107 53 stlp stlp PROPN issue-199 107 54 ) ) PUNCT issue-199 107 55 , , PUNCT issue-199 107 56 financial financial ADJ issue-199 107 57 expenses expense NOUN issue-199 107 58 ( ( PUNCT issue-199 107 59 fep fep NOUN issue-199 107 60 ) ) PUNCT issue-199 107 61 are be AUX issue-199 107 62 considered consider VERB issue-199 107 63 . . PUNCT issue-199 108 1 the the DET issue-199 108 2 prediction prediction NOUN issue-199 108 3 of of ADP issue-199 108 4 equity equity NOUN issue-199 108 5 is be AUX issue-199 108 6 adjusted adjust VERB issue-199 108 7 according accord VERB issue-199 108 8 to to ADP issue-199 108 9 predictive predictive ADJ issue-199 108 10 addition addition NOUN issue-199 108 11 to to ADP issue-199 108 12 equity equity NOUN issue-199 108 13 . . PUNCT issue-199 109 1 the the DET issue-199 109 2 additionally additionally ADV issue-199 109 3 required require VERB issue-199 109 4 amount amount NOUN issue-199 109 5 of of ADP issue-199 109 6 loan loan NOUN issue-199 109 7 capital capital NOUN issue-199 109 8 can can AUX issue-199 109 9 be be AUX issue-199 109 10 determined:𝐿𝐿м determined:𝐿𝐿м VERB issue-199 109 11 = = PUNCT issue-199 109 12 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 109 13 𝐸𝐸 𝐸𝐸 PROPN issue-199 109 14 ∗ ∗ NOUN issue-199 109 15 ( ( PUNCT issue-199 109 16 𝑅𝑅𝑅𝑅(1 𝑅𝑅𝑅𝑅(1 CCONJ issue-199 109 17 − − PROPN issue-199 109 18 𝑡𝑡 𝑡𝑡 ADJ issue-199 109 19 ) ) PUNCT issue-199 109 20 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 NUM issue-199 109 21 ) ) PUNCT issue-199 109 22 → → SYM issue-199 109 23 𝑚𝑚𝑚𝑚𝑥𝑥 𝑚𝑚𝑚𝑚𝑥𝑥 NOUN issue-199 109 24 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 VERB issue-199 109 25 ≥ ≥ NUM issue-199 109 26 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 109 27 + + CCONJ issue-199 109 28 𝐿𝐿𝑊𝑊 𝐿𝐿𝑊𝑊 PROPN issue-199 109 29 − − PROPN issue-199 109 30 ( ( PUNCT issue-199 109 31 𝐸𝐸0 𝐸𝐸0 PROPN issue-199 109 32 + + CCONJ issue-199 109 33 ( ( PUNCT issue-199 109 34 ( ( PUNCT issue-199 109 35 1 1 NUM issue-199 109 36 − − NUM issue-199 109 37 𝑡𝑡 𝑡𝑡 ADJ issue-199 109 38 ) ) PUNCT issue-199 109 39 ∗ ∗ NOUN issue-199 109 40 ( ( PUNCT issue-199 109 41 1 1 NUM issue-199 109 42 − − PROPN issue-199 109 43 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 PROPN issue-199 109 44 ) ) PUNCT issue-199 109 45 ∗ ∗ NOUN issue-199 109 46 ( ( PUNCT issue-199 109 47 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 VERB issue-199 109 48 − − PROPN issue-199 109 49 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 109 50 ) ) PUNCT issue-199 109 51 ) ) PUNCT issue-199 110 1 − − PROPN issue-199 111 1 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 111 2 − − PROPN issue-199 111 3 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 111 4 1 1 NUM issue-199 111 5 − − NOUN issue-199 111 6 ( ( PUNCT issue-199 111 7 1 1 NUM issue-199 111 8 − − PROPN issue-199 111 9 𝑡𝑡 𝑡𝑡 ADJ issue-199 111 10 ) ) PUNCT issue-199 111 11 ∗ ∗ NOUN issue-199 111 12 ( ( PUNCT issue-199 111 13 1 1 NUM issue-199 111 14 − − PROPN issue-199 111 15 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 NOUN issue-199 111 16 ) ) PUNCT issue-199 111 17 ∗ ∗ NOUN issue-199 111 18 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 111 19 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 PROPN issue-199 111 20 = = SYM issue-199 111 21 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 111 22 + + CCONJ issue-199 111 23 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 111 24 ∗ ∗ NOUN issue-199 111 25 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 111 26 𝑖𝑖 𝑖𝑖 PUNCT issue-199 112 1 = = PUNCT issue-199 112 2 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 112 3 ∗ ∗ NOUN issue-199 112 4 ( ( PUNCT issue-199 112 5 1 1 NUM issue-199 112 6 − − PROPN issue-199 112 7 𝑡𝑡 𝑡𝑡 ADJ issue-199 112 8 ) ) PUNCT issue-199 112 9 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 113 1 + + CCONJ issue-199 113 2 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 113 3 + + CCONJ issue-199 113 4 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 113 5 = = SYM issue-199 113 6 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 113 7 ∗ ∗ NOUN issue-199 113 8 ( ( PUNCT issue-199 113 9 1 1 NUM issue-199 113 10 − − PROPN issue-199 113 11 𝑡𝑡 𝑡𝑡 ADJ issue-199 113 12 ) ) PUNCT issue-199 113 13 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 113 14 𝐷𝐷𝐶𝐶𝐶𝐶 𝐷𝐷𝐶𝐶𝐶𝐶 NOUN issue-199 113 15 = = SYM issue-199 114 1 𝐸𝐸 𝐸𝐸 PROPN issue-199 114 2 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 114 3 ≤ ≤ NOUN issue-199 114 4 1,5 1,5 NUM issue-199 114 5 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 NOUN issue-199 114 6 = = SYM issue-199 114 7 𝐸𝐸 𝐸𝐸 PROPN issue-199 114 8 + + CCONJ issue-199 114 9 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 115 1 − − PROPN issue-199 115 2 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 115 3 𝐸𝐸 𝐸𝐸 PROPN issue-199 115 4 + + CCONJ issue-199 115 5 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 115 6 ≤ ≤ NOUN issue-199 115 7 0,2 0,2 NUM issue-199 115 8 𝑅𝑅𝑐𝑐 𝑅𝑅𝑐𝑐 PROPN issue-199 115 9 ∗ ∗ NOUN issue-199 115 10 ( ( PUNCT issue-199 115 11 1 1 NUM issue-199 115 12 − − PROPN issue-199 115 13 𝑡𝑡 𝑡𝑡 ADJ issue-199 115 14 ) ) PUNCT issue-199 115 15 − − PROPN issue-199 115 16 і і PROPN issue-199 115 17 = = PUNCT issue-199 115 18 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 115 19 − − NOUN issue-199 115 20 і і X issue-199 115 21 ≥ ≥ NUM issue-199 115 22 0 0 NUM issue-199 115 23 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 115 24 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 115 25 ≥ ≥ NOUN issue-199 115 26 𝑖𝑖 𝑖𝑖 X issue-199 115 27 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 115 28 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 115 29 < < X issue-199 115 30 𝑖𝑖 𝑖𝑖 X issue-199 115 31 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 115 32 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 115 33 < < X issue-199 115 34 𝑖𝑖 𝑖𝑖 X issue-199 115 35 ≤ ≤ NUM issue-199 115 36 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 115 37 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 115 38 𝑝𝑝 𝑝𝑝 NOUN issue-199 115 39 = = SYM issue-199 115 40 ( ( PUNCT issue-199 115 41 𝑖𝑖 𝑖𝑖 INTJ issue-199 115 42 − − PRON issue-199 115 43 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 115 44 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 PROPN issue-199 115 45 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 115 46 − − PROPN issue-199 115 47 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 NOUN issue-199 115 48 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 115 49 ) ) PUNCT issue-199 115 50 . . PUNCT issue-199 116 1 ( ( PUNCT issue-199 116 2 8) 8) NUM issue-199 116 3 where where SCONJ issue-199 116 4 div div NOUN issue-199 116 5     SPACE issue-199 116 6 – – PUNCT issue-199 116 7 projected project VERB issue-199 116 8 dividends dividend NOUN issue-199 116 9 , , PUNCT issue-199 116 10 rnew rnew NOUN issue-199 116 11     SPACE issue-199 116 12 – – PUNCT issue-199 116 13 the the DET issue-199 116 14 interest interest NOUN issue-199 116 15 rate rate NOUN issue-199 116 16 on on ADP issue-199 116 17 the the DET issue-199 116 18 additional additional ADJ issue-199 116 19 amount amount NOUN issue-199 116 20 of of ADP issue-199 116 21 loan loan NOUN issue-199 116 22 capital capital NOUN issue-199 116 23 . . PUNCT issue-199 117 1 the the DET issue-199 117 2 corrected correct VERB issue-199 117 3 forecast forecast NOUN issue-199 117 4 of of ADP issue-199 117 5 financial financial ADJ issue-199 117 6 expenses expense NOUN issue-199 117 7 is be AUX issue-199 117 8 defined define VERB issue-199 117 9 by by ADP issue-199 117 10 formula formula NOUN issue-199 117 11 ( ( PUNCT issue-199 117 12 9 9 NUM issue-199 117 13 ) ) PUNCT issue-199 117 14 and and CCONJ issue-199 117 15 the the DET issue-199 117 16 adjusted adjust VERB issue-199 117 17 weighted weight VERB issue-199 117 18 average average ADJ issue-199 117 19 interest interest NOUN issue-199 117 20 rate rate NOUN issue-199 117 21 on on ADP issue-199 117 22 loan loan NOUN issue-199 117 23 capital capital NOUN issue-199 117 24 ( ( PUNCT issue-199 117 25 i i NOUN issue-199 117 26 ) ) PUNCT issue-199 117 27     SPACE issue-199 117 28 – – PUNCT issue-199 117 29 by by ADP issue-199 117 30 formula formula NOUN issue-199 117 31 ( ( PUNCT issue-199 117 32 10 10 NUM issue-199 117 33 ): ): PUNCT issue-199 117 34 𝐿𝐿м 𝐿𝐿м NOUN issue-199 117 35 = = SYM issue-199 117 36 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 117 37 𝐸𝐸 𝐸𝐸 PROPN issue-199 117 38 ∗ ∗ NOUN issue-199 117 39 ( ( PUNCT issue-199 117 40 𝑅𝑅𝑅𝑅(1 𝑅𝑅𝑅𝑅(1 CCONJ issue-199 117 41 − − PROPN issue-199 117 42 𝑡𝑡 𝑡𝑡 ADJ issue-199 117 43 ) ) PUNCT issue-199 117 44 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 NUM issue-199 117 45 ) ) PUNCT issue-199 117 46 → → SYM issue-199 117 47 𝑚𝑚𝑚𝑚𝑥𝑥 𝑚𝑚𝑚𝑚𝑥𝑥 NOUN issue-199 117 48 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 VERB issue-199 117 49 ≥ ≥ NUM issue-199 117 50 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 117 51 + + CCONJ issue-199 117 52 𝐿𝐿𝑊𝑊 𝐿𝐿𝑊𝑊 PROPN issue-199 117 53 − − PROPN issue-199 118 1 ( ( PUNCT issue-199 118 2 𝐸𝐸0 𝐸𝐸0 PROPN issue-199 118 3 + + CCONJ issue-199 118 4 ( ( PUNCT issue-199 118 5 ( ( PUNCT issue-199 118 6 1 1 NUM issue-199 118 7 − − NUM issue-199 118 8 𝑡𝑡 𝑡𝑡 ADJ issue-199 118 9 ) ) PUNCT issue-199 118 10 ∗ ∗ NOUN issue-199 118 11 ( ( PUNCT issue-199 118 12 1 1 NUM issue-199 118 13 − − PROPN issue-199 118 14 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 PROPN issue-199 118 15 ) ) PUNCT issue-199 118 16 ∗ ∗ NOUN issue-199 118 17 ( ( PUNCT issue-199 118 18 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 VERB issue-199 118 19 − − PROPN issue-199 118 20 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 118 21 ) ) PUNCT issue-199 118 22 ) ) PUNCT issue-199 119 1 − − PROPN issue-199 120 1 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 120 2 − − PROPN issue-199 120 3 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 120 4 1 1 NUM issue-199 120 5 − − NOUN issue-199 120 6 ( ( PUNCT issue-199 120 7 1 1 NUM issue-199 120 8 − − PROPN issue-199 120 9 𝑡𝑡 𝑡𝑡 ADJ issue-199 120 10 ) ) PUNCT issue-199 120 11 ∗ ∗ NOUN issue-199 120 12 ( ( PUNCT issue-199 120 13 1 1 NUM issue-199 120 14 − − PROPN issue-199 120 15 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 NOUN issue-199 120 16 ) ) PUNCT issue-199 120 17 ∗ ∗ NOUN issue-199 120 18 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 120 19 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 PROPN issue-199 120 20 = = SYM issue-199 120 21 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 120 22 + + CCONJ issue-199 120 23 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 120 24 ∗ ∗ NOUN issue-199 120 25 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 120 26 𝑖𝑖 𝑖𝑖 PUNCT issue-199 121 1 = = PUNCT issue-199 121 2 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 121 3 ∗ ∗ NOUN issue-199 121 4 ( ( PUNCT issue-199 121 5 1 1 NUM issue-199 121 6 − − PROPN issue-199 121 7 𝑡𝑡 𝑡𝑡 ADJ issue-199 121 8 ) ) PUNCT issue-199 121 9 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 122 1 + + CCONJ issue-199 122 2 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 122 3 + + CCONJ issue-199 122 4 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 122 5 = = SYM issue-199 122 6 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 122 7 ∗ ∗ NOUN issue-199 122 8 ( ( PUNCT issue-199 122 9 1 1 NUM issue-199 122 10 − − PROPN issue-199 122 11 𝑡𝑡 𝑡𝑡 ADJ issue-199 122 12 ) ) PUNCT issue-199 122 13 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 122 14 𝐷𝐷𝐶𝐶𝐶𝐶 𝐷𝐷𝐶𝐶𝐶𝐶 NOUN issue-199 122 15 = = SYM issue-199 123 1 𝐸𝐸 𝐸𝐸 PROPN issue-199 123 2 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 123 3 ≤ ≤ NOUN issue-199 123 4 1,5 1,5 NUM issue-199 123 5 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 NOUN issue-199 123 6 = = SYM issue-199 123 7 𝐸𝐸 𝐸𝐸 PROPN issue-199 123 8 + + CCONJ issue-199 123 9 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 124 1 − − PROPN issue-199 124 2 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 124 3 𝐸𝐸 𝐸𝐸 PROPN issue-199 124 4 + + CCONJ issue-199 124 5 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 124 6 ≤ ≤ NOUN issue-199 124 7 0,2 0,2 NUM issue-199 124 8 𝑅𝑅𝑐𝑐 𝑅𝑅𝑐𝑐 PROPN issue-199 124 9 ∗ ∗ NOUN issue-199 124 10 ( ( PUNCT issue-199 124 11 1 1 NUM issue-199 124 12 − − PROPN issue-199 124 13 𝑡𝑡 𝑡𝑡 ADJ issue-199 124 14 ) ) PUNCT issue-199 124 15 − − PROPN issue-199 124 16 і і PROPN issue-199 124 17 = = PUNCT issue-199 124 18 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 124 19 − − NOUN issue-199 124 20 і і X issue-199 124 21 ≥ ≥ NUM issue-199 124 22 0 0 NUM issue-199 124 23 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 124 24 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 124 25 ≥ ≥ NOUN issue-199 124 26 𝑖𝑖 𝑖𝑖 X issue-199 124 27 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 124 28 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 124 29 < < X issue-199 124 30 𝑖𝑖 𝑖𝑖 X issue-199 124 31 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 124 32 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 124 33 < < X issue-199 124 34 𝑖𝑖 𝑖𝑖 X issue-199 124 35 ≤ ≤ NUM issue-199 124 36 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 124 37 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 124 38 𝑝𝑝 𝑝𝑝 NOUN issue-199 124 39 = = SYM issue-199 124 40 ( ( PUNCT issue-199 124 41 𝑖𝑖 𝑖𝑖 INTJ issue-199 124 42 − − PRON issue-199 124 43 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 124 44 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 PROPN issue-199 124 45 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 124 46 − − PROPN issue-199 124 47 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 NOUN issue-199 124 48 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 124 49 ) ) PUNCT issue-199 124 50 , , PUNCT issue-199 124 51 ( ( PUNCT issue-199 124 52 9 9 X issue-199 124 53 ) ) PUNCT issue-199 124 54 𝐿𝐿м 𝐿𝐿м NOUN issue-199 124 55 = = SYM issue-199 124 56 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 124 57 𝐸𝐸 𝐸𝐸 PROPN issue-199 124 58 ∗ ∗ NOUN issue-199 124 59 ( ( PUNCT issue-199 124 60 𝑅𝑅𝑅𝑅(1 𝑅𝑅𝑅𝑅(1 CCONJ issue-199 125 1 − − PROPN issue-199 125 2 𝑡𝑡 𝑡𝑡 ADJ issue-199 125 3 ) ) PUNCT issue-199 125 4 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 NUM issue-199 125 5 ) ) PUNCT issue-199 125 6 → → SYM issue-199 125 7 𝑚𝑚𝑚𝑚𝑥𝑥 𝑚𝑚𝑚𝑚𝑥𝑥 NOUN issue-199 126 1 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 VERB issue-199 126 2 ≥ ≥ NUM issue-199 126 3 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 126 4 + + CCONJ issue-199 126 5 𝐿𝐿𝑊𝑊 𝐿𝐿𝑊𝑊 PROPN issue-199 126 6 − − PROPN issue-199 127 1 ( ( PUNCT issue-199 127 2 𝐸𝐸0 𝐸𝐸0 PROPN issue-199 127 3 + + CCONJ issue-199 127 4 ( ( PUNCT issue-199 127 5 ( ( PUNCT issue-199 127 6 1 1 NUM issue-199 127 7 − − NUM issue-199 127 8 𝑡𝑡 𝑡𝑡 ADJ issue-199 127 9 ) ) PUNCT issue-199 127 10 ∗ ∗ NOUN issue-199 127 11 ( ( PUNCT issue-199 127 12 1 1 NUM issue-199 127 13 − − PROPN issue-199 127 14 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 PROPN issue-199 127 15 ) ) PUNCT issue-199 127 16 ∗ ∗ NOUN issue-199 127 17 ( ( PUNCT issue-199 127 18 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 VERB issue-199 127 19 − − PROPN issue-199 127 20 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 127 21 ) ) PUNCT issue-199 127 22 ) ) PUNCT issue-199 128 1 − − PROPN issue-199 129 1 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 129 2 − − PROPN issue-199 129 3 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 129 4 1 1 NUM issue-199 129 5 − − NOUN issue-199 129 6 ( ( PUNCT issue-199 129 7 1 1 NUM issue-199 129 8 − − PROPN issue-199 129 9 𝑡𝑡 𝑡𝑡 ADJ issue-199 129 10 ) ) PUNCT issue-199 129 11 ∗ ∗ NOUN issue-199 129 12 ( ( PUNCT issue-199 129 13 1 1 NUM issue-199 129 14 − − PROPN issue-199 129 15 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 NOUN issue-199 129 16 ) ) PUNCT issue-199 129 17 ∗ ∗ NOUN issue-199 129 18 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 129 19 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 PROPN issue-199 129 20 = = SYM issue-199 129 21 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 129 22 + + CCONJ issue-199 129 23 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 129 24 ∗ ∗ NOUN issue-199 129 25 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 129 26 𝑖𝑖 𝑖𝑖 PUNCT issue-199 130 1 = = PUNCT issue-199 130 2 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 130 3 ∗ ∗ NOUN issue-199 130 4 ( ( PUNCT issue-199 130 5 1 1 NUM issue-199 130 6 − − PROPN issue-199 130 7 𝑡𝑡 𝑡𝑡 ADJ issue-199 130 8 ) ) PUNCT issue-199 130 9 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 131 1 + + CCONJ issue-199 131 2 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 131 3 + + CCONJ issue-199 131 4 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 131 5 = = SYM issue-199 131 6 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 131 7 ∗ ∗ NOUN issue-199 131 8 ( ( PUNCT issue-199 131 9 1 1 NUM issue-199 131 10 − − PROPN issue-199 131 11 𝑡𝑡 𝑡𝑡 ADJ issue-199 131 12 ) ) PUNCT issue-199 131 13 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 131 14 𝐷𝐷𝐶𝐶𝐶𝐶 𝐷𝐷𝐶𝐶𝐶𝐶 NOUN issue-199 131 15 = = SYM issue-199 132 1 𝐸𝐸 𝐸𝐸 PROPN issue-199 132 2 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 132 3 ≤ ≤ NOUN issue-199 132 4 1,5 1,5 NUM issue-199 132 5 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 NOUN issue-199 132 6 = = SYM issue-199 132 7 𝐸𝐸 𝐸𝐸 PROPN issue-199 132 8 + + CCONJ issue-199 132 9 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 133 1 − − PROPN issue-199 133 2 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 133 3 𝐸𝐸 𝐸𝐸 PROPN issue-199 133 4 + + CCONJ issue-199 133 5 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 133 6 ≤ ≤ NOUN issue-199 133 7 0,2 0,2 NUM issue-199 133 8 𝑅𝑅𝑐𝑐 𝑅𝑅𝑐𝑐 PROPN issue-199 133 9 ∗ ∗ NOUN issue-199 133 10 ( ( PUNCT issue-199 133 11 1 1 NUM issue-199 133 12 − − PROPN issue-199 133 13 𝑡𝑡 𝑡𝑡 ADJ issue-199 133 14 ) ) PUNCT issue-199 133 15 − − PROPN issue-199 133 16 і і PROPN issue-199 133 17 = = PUNCT issue-199 133 18 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 133 19 − − NOUN issue-199 133 20 і і X issue-199 133 21 ≥ ≥ NUM issue-199 133 22 0 0 NUM issue-199 133 23 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 133 24 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 133 25 ≥ ≥ NOUN issue-199 133 26 𝑖𝑖 𝑖𝑖 X issue-199 133 27 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 133 28 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 133 29 < < X issue-199 133 30 𝑖𝑖 𝑖𝑖 X issue-199 133 31 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 133 32 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 133 33 < < X issue-199 133 34 𝑖𝑖 𝑖𝑖 X issue-199 133 35 ≤ ≤ NUM issue-199 133 36 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 133 37 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 133 38 𝑝𝑝 𝑝𝑝 NOUN issue-199 133 39 = = SYM issue-199 133 40 ( ( PUNCT issue-199 133 41 𝑖𝑖 𝑖𝑖 INTJ issue-199 133 42 − − PRON issue-199 133 43 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 133 44 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 PROPN issue-199 133 45 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 133 46 − − PROPN issue-199 133 47 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 NOUN issue-199 133 48 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 133 49 ) ) PUNCT issue-199 133 50 . . PUNCT issue-199 134 1 ( ( PUNCT issue-199 134 2 10 10 NUM issue-199 134 3 ) ) PUNCT issue-199 134 4 the the DET issue-199 134 5 restrictions restriction NOUN issue-199 134 6 on on ADP issue-199 134 7 the the DET issue-199 134 8 level level NOUN issue-199 134 9 of of ADP issue-199 134 10 financial financial ADJ issue-199 134 11 stability stability NOUN issue-199 134 12 implies imply VERB issue-199 134 13 that that SCONJ issue-199 134 14 the the DET issue-199 134 15 index index NOUN issue-199 134 16 of of ADP issue-199 134 17 capital capital NOUN issue-199 134 18 structure structure NOUN issue-199 134 19 ( ( PUNCT issue-199 134 20 ics ics NOUN issue-199 134 21 ) ) PUNCT issue-199 134 22 and and CCONJ issue-199 134 23 the the DET issue-199 134 24 index index NOUN issue-199 134 25 of of ADP issue-199 134 26 long long ADJ issue-199 134 27 - - PUNCT issue-199 134 28 term term NOUN issue-199 134 29 financial financial ADJ issue-199 134 30 independence independence NOUN issue-199 134 31 ( ( PUNCT issue-199 134 32 ilfi ilfi PROPN issue-199 134 33 ) ) PUNCT issue-199 134 34 should should AUX issue-199 134 35 be be AUX issue-199 134 36 limited limit VERB issue-199 134 37 by by ADP issue-199 134 38 normative normative ADJ issue-199 134 39 values value NOUN issue-199 134 40 that that PRON issue-199 134 41 reflect reflect VERB issue-199 134 42 the the DET issue-199 134 43 level level NOUN issue-199 134 44 of of ADP issue-199 134 45 acceptable acceptable ADJ issue-199 134 46 loan loan NOUN issue-199 134 47 capital capital NOUN issue-199 134 48 funding funding NOUN issue-199 134 49 and and CCONJ issue-199 134 50 assets asset NOUN issue-199 134 51 financing financing NOUN issue-199 134 52 policy policy NOUN issue-199 134 53 under under ADP issue-199 134 54 considering consider VERB issue-199 134 55 industrial industrial ADJ issue-199 134 56 characteristics characteristic NOUN issue-199 134 57 of of ADP issue-199 134 58 the the DET issue-199 134 59 company company NOUN issue-199 134 60 : : PUNCT issue-199 134 61 𝐿𝐿м 𝐿𝐿м X issue-199 134 62 = = SYM issue-199 134 63 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 134 64 𝐸𝐸 𝐸𝐸 PROPN issue-199 134 65 ∗ ∗ NOUN issue-199 134 66 ( ( PUNCT issue-199 134 67 𝑅𝑅𝑅𝑅(1 𝑅𝑅𝑅𝑅(1 CCONJ issue-199 134 68 − − PROPN issue-199 134 69 𝑡𝑡 𝑡𝑡 ADJ issue-199 134 70 ) ) PUNCT issue-199 134 71 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 NUM issue-199 134 72 ) ) PUNCT issue-199 134 73 → → SYM issue-199 134 74 𝑚𝑚𝑚𝑚𝑥𝑥 𝑚𝑚𝑚𝑚𝑥𝑥 NOUN issue-199 135 1 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 VERB issue-199 135 2 ≥ ≥ NUM issue-199 135 3 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 135 4 + + CCONJ issue-199 135 5 𝐿𝐿𝑊𝑊 𝐿𝐿𝑊𝑊 PROPN issue-199 135 6 − − PROPN issue-199 136 1 ( ( PUNCT issue-199 136 2 𝐸𝐸0 𝐸𝐸0 PROPN issue-199 136 3 + + CCONJ issue-199 136 4 ( ( PUNCT issue-199 136 5 ( ( PUNCT issue-199 136 6 1 1 NUM issue-199 136 7 − − NUM issue-199 136 8 𝑡𝑡 𝑡𝑡 ADJ issue-199 136 9 ) ) PUNCT issue-199 136 10 ∗ ∗ NOUN issue-199 136 11 ( ( PUNCT issue-199 136 12 1 1 NUM issue-199 136 13 − − PROPN issue-199 136 14 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 PROPN issue-199 136 15 ) ) PUNCT issue-199 136 16 ∗ ∗ NOUN issue-199 136 17 ( ( PUNCT issue-199 136 18 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 VERB issue-199 136 19 − − PROPN issue-199 136 20 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 136 21 ) ) PUNCT issue-199 136 22 ) ) PUNCT issue-199 137 1 − − PROPN issue-199 138 1 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 138 2 − − PROPN issue-199 138 3 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 138 4 1 1 NUM issue-199 138 5 − − NOUN issue-199 138 6 ( ( PUNCT issue-199 138 7 1 1 NUM issue-199 138 8 − − PROPN issue-199 138 9 𝑡𝑡 𝑡𝑡 ADJ issue-199 138 10 ) ) PUNCT issue-199 138 11 ∗ ∗ NOUN issue-199 138 12 ( ( PUNCT issue-199 138 13 1 1 NUM issue-199 138 14 − − PROPN issue-199 138 15 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 NOUN issue-199 138 16 ) ) PUNCT issue-199 138 17 ∗ ∗ NOUN issue-199 138 18 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 138 19 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 PROPN issue-199 138 20 = = SYM issue-199 138 21 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 138 22 + + CCONJ issue-199 138 23 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 138 24 ∗ ∗ NOUN issue-199 138 25 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 138 26 𝑖𝑖 𝑖𝑖 PUNCT issue-199 139 1 = = PUNCT issue-199 139 2 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 139 3 ∗ ∗ NOUN issue-199 139 4 ( ( PUNCT issue-199 139 5 1 1 NUM issue-199 139 6 − − PROPN issue-199 139 7 𝑡𝑡 𝑡𝑡 ADJ issue-199 139 8 ) ) PUNCT issue-199 139 9 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 140 1 + + CCONJ issue-199 140 2 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 140 3 + + CCONJ issue-199 140 4 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 140 5 = = SYM issue-199 140 6 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 140 7 ∗ ∗ NOUN issue-199 140 8 ( ( PUNCT issue-199 140 9 1 1 NUM issue-199 140 10 − − PROPN issue-199 140 11 𝑡𝑡 𝑡𝑡 ADJ issue-199 140 12 ) ) PUNCT issue-199 140 13 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 140 14 𝐷𝐷𝐶𝐶𝐶𝐶 𝐷𝐷𝐶𝐶𝐶𝐶 NOUN issue-199 140 15 = = SYM issue-199 141 1 𝐸𝐸 𝐸𝐸 PROPN issue-199 141 2 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 141 3 ≤ ≤ NOUN issue-199 141 4 1,5 1,5 NUM issue-199 141 5 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 NOUN issue-199 141 6 = = SYM issue-199 141 7 𝐸𝐸 𝐸𝐸 PROPN issue-199 141 8 + + CCONJ issue-199 141 9 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 142 1 − − PROPN issue-199 142 2 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 142 3 𝐸𝐸 𝐸𝐸 PROPN issue-199 142 4 + + CCONJ issue-199 142 5 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 142 6 ≤ ≤ NOUN issue-199 142 7 0,2 0,2 NUM issue-199 142 8 𝑅𝑅𝑐𝑐 𝑅𝑅𝑐𝑐 PROPN issue-199 142 9 ∗ ∗ NOUN issue-199 142 10 ( ( PUNCT issue-199 142 11 1 1 NUM issue-199 142 12 − − PROPN issue-199 142 13 𝑡𝑡 𝑡𝑡 ADJ issue-199 142 14 ) ) PUNCT issue-199 142 15 − − PROPN issue-199 142 16 і і PROPN issue-199 142 17 = = PUNCT issue-199 142 18 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 142 19 − − NOUN issue-199 142 20 і і X issue-199 142 21 ≥ ≥ NUM issue-199 142 22 0 0 NUM issue-199 142 23 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 142 24 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 142 25 ≥ ≥ NOUN issue-199 142 26 𝑖𝑖 𝑖𝑖 X issue-199 142 27 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 142 28 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 142 29 < < X issue-199 142 30 𝑖𝑖 𝑖𝑖 X issue-199 142 31 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 142 32 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 142 33 < < X issue-199 142 34 𝑖𝑖 𝑖𝑖 X issue-199 142 35 ≤ ≤ NUM issue-199 142 36 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 142 37 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 142 38 𝑝𝑝 𝑝𝑝 NOUN issue-199 142 39 = = SYM issue-199 142 40 ( ( PUNCT issue-199 142 41 𝑖𝑖 𝑖𝑖 INTJ issue-199 142 42 − − PRON issue-199 142 43 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 142 44 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 PROPN issue-199 142 45 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 142 46 − − PROPN issue-199 142 47 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 NOUN issue-199 142 48 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 142 49 ) ) PUNCT issue-199 142 50 . . PUNCT issue-199 143 1 ( ( PUNCT issue-199 143 2 11 11 NUM issue-199 143 3 ) ) PUNCT issue-199 143 4 𝐿𝐿м 𝐿𝐿м NOUN issue-199 143 5 = = SYM issue-199 143 6 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 143 7 𝐸𝐸 𝐸𝐸 PROPN issue-199 143 8 ∗ ∗ NOUN issue-199 143 9 ( ( PUNCT issue-199 143 10 𝑅𝑅𝑅𝑅(1 𝑅𝑅𝑅𝑅(1 CCONJ issue-199 143 11 − − PROPN issue-199 143 12 𝑡𝑡 𝑡𝑡 ADJ issue-199 143 13 ) ) PUNCT issue-199 143 14 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 NUM issue-199 143 15 ) ) PUNCT issue-199 143 16 → → SYM issue-199 143 17 𝑚𝑚𝑚𝑚𝑥𝑥 𝑚𝑚𝑚𝑚𝑥𝑥 NOUN issue-199 143 18 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 VERB issue-199 143 19 ≥ ≥ NUM issue-199 144 1 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 144 2 + + CCONJ issue-199 144 3 𝐿𝐿𝑊𝑊 𝐿𝐿𝑊𝑊 PROPN issue-199 144 4 − − PROPN issue-199 144 5 ( ( PUNCT issue-199 144 6 𝐸𝐸0 𝐸𝐸0 PROPN issue-199 144 7 + + CCONJ issue-199 144 8 ( ( PUNCT issue-199 144 9 ( ( PUNCT issue-199 144 10 1 1 NUM issue-199 144 11 − − NUM issue-199 144 12 𝑡𝑡 𝑡𝑡 ADJ issue-199 144 13 ) ) PUNCT issue-199 144 14 ∗ ∗ NOUN issue-199 144 15 ( ( PUNCT issue-199 144 16 1 1 NUM issue-199 144 17 − − PROPN issue-199 144 18 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 PROPN issue-199 144 19 ) ) PUNCT issue-199 144 20 ∗ ∗ NOUN issue-199 144 21 ( ( PUNCT issue-199 144 22 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 VERB issue-199 144 23 − − PROPN issue-199 144 24 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 144 25 ) ) PUNCT issue-199 144 26 ) ) PUNCT issue-199 144 27 − − PROPN issue-199 145 1 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 145 2 − − PROPN issue-199 145 3 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 145 4 1 1 NUM issue-199 145 5 − − NOUN issue-199 145 6 ( ( PUNCT issue-199 145 7 1 1 NUM issue-199 145 8 − − PROPN issue-199 145 9 𝑡𝑡 𝑡𝑡 ADJ issue-199 145 10 ) ) PUNCT issue-199 145 11 ∗ ∗ NOUN issue-199 145 12 ( ( PUNCT issue-199 145 13 1 1 NUM issue-199 145 14 − − PROPN issue-199 145 15 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 NOUN issue-199 145 16 ) ) PUNCT issue-199 145 17 ∗ ∗ NOUN issue-199 145 18 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 145 19 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 PROPN issue-199 145 20 = = SYM issue-199 145 21 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 145 22 + + CCONJ issue-199 145 23 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 145 24 ∗ ∗ NOUN issue-199 145 25 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 145 26 𝑖𝑖 𝑖𝑖 PUNCT issue-199 146 1 = = PUNCT issue-199 146 2 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 146 3 ∗ ∗ NOUN issue-199 146 4 ( ( PUNCT issue-199 146 5 1 1 NUM issue-199 146 6 − − PROPN issue-199 146 7 𝑡𝑡 𝑡𝑡 ADJ issue-199 146 8 ) ) PUNCT issue-199 146 9 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 147 1 + + CCONJ issue-199 147 2 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 147 3 + + CCONJ issue-199 147 4 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 147 5 = = SYM issue-199 147 6 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 147 7 ∗ ∗ NOUN issue-199 147 8 ( ( PUNCT issue-199 147 9 1 1 NUM issue-199 147 10 − − PROPN issue-199 147 11 𝑡𝑡 𝑡𝑡 ADJ issue-199 147 12 ) ) PUNCT issue-199 147 13 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 147 14 𝐷𝐷𝐶𝐶𝐶𝐶 𝐷𝐷𝐶𝐶𝐶𝐶 NOUN issue-199 147 15 = = SYM issue-199 148 1 𝐸𝐸 𝐸𝐸 PROPN issue-199 148 2 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 148 3 ≤ ≤ NOUN issue-199 148 4 1,5 1,5 NUM issue-199 148 5 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 NOUN issue-199 148 6 = = SYM issue-199 148 7 𝐸𝐸 𝐸𝐸 PROPN issue-199 148 8 + + CCONJ issue-199 148 9 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 149 1 − − PROPN issue-199 149 2 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 149 3 𝐸𝐸 𝐸𝐸 PROPN issue-199 149 4 + + CCONJ issue-199 149 5 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 149 6 ≤ ≤ NOUN issue-199 149 7 0,2 0,2 NUM issue-199 149 8 𝑅𝑅𝑐𝑐 𝑅𝑅𝑐𝑐 PROPN issue-199 149 9 ∗ ∗ NOUN issue-199 149 10 ( ( PUNCT issue-199 149 11 1 1 NUM issue-199 149 12 − − PROPN issue-199 149 13 𝑡𝑡 𝑡𝑡 ADJ issue-199 149 14 ) ) PUNCT issue-199 149 15 − − PROPN issue-199 149 16 і і PROPN issue-199 149 17 = = PUNCT issue-199 149 18 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 149 19 − − NOUN issue-199 149 20 і і X issue-199 149 21 ≥ ≥ NUM issue-199 149 22 0 0 NUM issue-199 149 23 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 149 24 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 149 25 ≥ ≥ NOUN issue-199 149 26 𝑖𝑖 𝑖𝑖 X issue-199 149 27 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 149 28 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 149 29 < < X issue-199 149 30 𝑖𝑖 𝑖𝑖 X issue-199 149 31 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 149 32 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 149 33 < < X issue-199 149 34 𝑖𝑖 𝑖𝑖 X issue-199 149 35 ≤ ≤ NUM issue-199 149 36 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 149 37 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 149 38 𝑝𝑝 𝑝𝑝 NOUN issue-199 149 39 = = SYM issue-199 149 40 ( ( PUNCT issue-199 149 41 𝑖𝑖 𝑖𝑖 INTJ issue-199 149 42 − − PRON issue-199 149 43 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 149 44 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 PROPN issue-199 149 45 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 149 46 − − PROPN issue-199 149 47 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 NOUN issue-199 149 48 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 149 49 ) ) PUNCT issue-199 149 50 . . PUNCT issue-199 150 1 ( ( PUNCT issue-199 150 2 12 12 NUM issue-199 150 3 ) ) PUNCT issue-199 150 4 the the DET issue-199 150 5 restriction restriction NOUN issue-199 150 6 on on ADP issue-199 150 7 the the DET issue-199 150 8 inalienability inalienability NOUN issue-199 150 9 of of ADP issue-199 150 10 differential differential NOUN issue-199 150 11 of of ADP issue-199 150 12 financial financial ADJ issue-199 150 13 leverage leverage NOUN issue-199 150 14 is be AUX issue-199 150 15 the the DET issue-199 150 16 main main ADJ issue-199 150 17 condition condition NOUN issue-199 150 18 of of ADP issue-199 150 19 the the DET issue-199 150 20 existing exist VERB issue-199 150 21 capital capital NOUN issue-199 150 22 structure structure NOUN issue-199 150 23 efficiency efficiency NOUN issue-199 150 24 and and CCONJ issue-199 150 25 of of ADP issue-199 150 26 financial financial ADJ issue-199 150 27 stability stability NOUN issue-199 150 28 preservation preservation NOUN issue-199 150 29 while while SCONJ issue-199 150 30 financial financial ADJ issue-199 150 31 capacity capacity NOUN issue-199 150 32 increasing increase VERB issue-199 150 33 by by ADP issue-199 150 34 attracting attract VERB issue-199 150 35 additional additional ADJ issue-199 150 36 amount amount NOUN issue-199 150 37 of of ADP issue-199 150 38 debt debt NOUN issue-199 150 39 : : PUNCT issue-199 150 40 the the DET issue-199 150 41 adjusted adjust VERB issue-199 150 42 weighted weight VERB issue-199 150 43 average average ADJ issue-199 150 44 interest interest NOUN issue-199 150 45 rate rate NOUN issue-199 150 46 on on ADP issue-199 150 47 loan loan NOUN issue-199 150 48 capital capital NOUN issue-199 150 49 excess excess NOUN issue-199 150 50 of of ADP issue-199 150 51 the the DET issue-199 150 52 adjusted adjust VERB issue-199 150 53 profitability profitability NOUN issue-199 150 54 of of ADP issue-199 150 55 capital capital NOUN issue-199 150 56 ( ( PUNCT issue-199 150 57 assets asset NOUN issue-199 150 58 ) ) PUNCT issue-199 150 59 before before ADP issue-199 150 60 interest interest NOUN issue-199 150 61 ( ( PUNCT issue-199 150 62 rca rca PROPN issue-199 150 63 ) ) PUNCT issue-199 150 64 leads lead VERB issue-199 150 65 to to ADP issue-199 150 66 equity equity NOUN issue-199 150 67 profitability profitability NOUN issue-199 150 68 decrease decrease NOUN issue-199 150 69 . . PUNCT issue-199 151 1 it it PRON issue-199 151 2 can can AUX issue-199 151 3 be be AUX issue-199 151 4 formalized formalize VERB issue-199 151 5 as as SCONJ issue-199 151 6 follows follow VERB issue-199 151 7 : : PUNCT issue-199 151 8 𝐿𝐿м 𝐿𝐿м X issue-199 151 9 = = SYM issue-199 151 10 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 151 11 𝐸𝐸 𝐸𝐸 PROPN issue-199 151 12 ∗ ∗ NOUN issue-199 151 13 ( ( PUNCT issue-199 151 14 𝑅𝑅𝑅𝑅(1 𝑅𝑅𝑅𝑅(1 CCONJ issue-199 151 15 − − PROPN issue-199 151 16 𝑡𝑡 𝑡𝑡 ADJ issue-199 151 17 ) ) PUNCT issue-199 151 18 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 NUM issue-199 151 19 ) ) PUNCT issue-199 151 20 → → SYM issue-199 151 21 𝑚𝑚𝑚𝑚𝑥𝑥 𝑚𝑚𝑚𝑚𝑥𝑥 NOUN issue-199 151 22 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 VERB issue-199 151 23 ≥ ≥ NUM issue-199 151 24 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 151 25 + + CCONJ issue-199 151 26 𝐿𝐿𝑊𝑊 𝐿𝐿𝑊𝑊 PROPN issue-199 151 27 − − PROPN issue-199 151 28 ( ( PUNCT issue-199 151 29 𝐸𝐸0 𝐸𝐸0 PROPN issue-199 151 30 + + CCONJ issue-199 151 31 ( ( PUNCT issue-199 151 32 ( ( PUNCT issue-199 151 33 1 1 NUM issue-199 151 34 − − NUM issue-199 151 35 𝑡𝑡 𝑡𝑡 ADJ issue-199 151 36 ) ) PUNCT issue-199 151 37 ∗ ∗ NOUN issue-199 151 38 ( ( PUNCT issue-199 151 39 1 1 NUM issue-199 151 40 − − PROPN issue-199 151 41 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 PROPN issue-199 151 42 ) ) PUNCT issue-199 151 43 ∗ ∗ NOUN issue-199 151 44 ( ( PUNCT issue-199 151 45 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 VERB issue-199 151 46 − − PROPN issue-199 151 47 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 151 48 ) ) PUNCT issue-199 151 49 ) ) PUNCT issue-199 152 1 − − PROPN issue-199 153 1 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 153 2 − − PROPN issue-199 153 3 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 153 4 1 1 NUM issue-199 153 5 − − NOUN issue-199 153 6 ( ( PUNCT issue-199 153 7 1 1 NUM issue-199 153 8 − − PROPN issue-199 153 9 𝑡𝑡 𝑡𝑡 ADJ issue-199 153 10 ) ) PUNCT issue-199 153 11 ∗ ∗ NOUN issue-199 153 12 ( ( PUNCT issue-199 153 13 1 1 NUM issue-199 153 14 − − PROPN issue-199 153 15 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 NOUN issue-199 153 16 ) ) PUNCT issue-199 153 17 ∗ ∗ NOUN issue-199 153 18 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 153 19 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 PROPN issue-199 153 20 = = SYM issue-199 153 21 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 153 22 + + CCONJ issue-199 153 23 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 153 24 ∗ ∗ NOUN issue-199 153 25 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 153 26 𝑖𝑖 𝑖𝑖 PUNCT issue-199 154 1 = = PUNCT issue-199 154 2 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 154 3 ∗ ∗ NOUN issue-199 154 4 ( ( PUNCT issue-199 154 5 1 1 NUM issue-199 154 6 − − PROPN issue-199 154 7 𝑡𝑡 𝑡𝑡 ADJ issue-199 154 8 ) ) PUNCT issue-199 154 9 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 155 1 + + CCONJ issue-199 155 2 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 155 3 + + CCONJ issue-199 155 4 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 155 5 = = SYM issue-199 155 6 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 155 7 ∗ ∗ NOUN issue-199 155 8 ( ( PUNCT issue-199 155 9 1 1 NUM issue-199 155 10 − − PROPN issue-199 155 11 𝑡𝑡 𝑡𝑡 ADJ issue-199 155 12 ) ) PUNCT issue-199 155 13 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 155 14 𝐷𝐷𝐶𝐶𝐶𝐶 𝐷𝐷𝐶𝐶𝐶𝐶 NOUN issue-199 155 15 = = SYM issue-199 156 1 𝐸𝐸 𝐸𝐸 PROPN issue-199 156 2 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 156 3 ≤ ≤ NOUN issue-199 156 4 1,5 1,5 NUM issue-199 156 5 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 NOUN issue-199 156 6 = = SYM issue-199 156 7 𝐸𝐸 𝐸𝐸 PROPN issue-199 156 8 + + CCONJ issue-199 156 9 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 157 1 − − PROPN issue-199 157 2 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 157 3 𝐸𝐸 𝐸𝐸 PROPN issue-199 157 4 + + CCONJ issue-199 157 5 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 157 6 ≤ ≤ NOUN issue-199 157 7 0,2 0,2 NUM issue-199 157 8 𝑅𝑅𝑐𝑐 𝑅𝑅𝑐𝑐 PROPN issue-199 157 9 ∗ ∗ NOUN issue-199 157 10 ( ( PUNCT issue-199 157 11 1 1 NUM issue-199 157 12 − − PROPN issue-199 157 13 𝑡𝑡 𝑡𝑡 ADJ issue-199 157 14 ) ) PUNCT issue-199 157 15 − − PROPN issue-199 157 16 і і PROPN issue-199 157 17 = = PUNCT issue-199 157 18 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 157 19 − − NOUN issue-199 157 20 і і X issue-199 157 21 ≥ ≥ NUM issue-199 157 22 0 0 NUM issue-199 157 23 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 157 24 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 157 25 ≥ ≥ NOUN issue-199 157 26 𝑖𝑖 𝑖𝑖 X issue-199 157 27 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 157 28 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 157 29 < < X issue-199 157 30 𝑖𝑖 𝑖𝑖 X issue-199 157 31 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 157 32 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 157 33 < < X issue-199 157 34 𝑖𝑖 𝑖𝑖 X issue-199 157 35 ≤ ≤ NUM issue-199 157 36 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 157 37 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 157 38 𝑝𝑝 𝑝𝑝 NOUN issue-199 157 39 = = SYM issue-199 157 40 ( ( PUNCT issue-199 157 41 𝑖𝑖 𝑖𝑖 INTJ issue-199 157 42 − − PRON issue-199 157 43 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 157 44 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 PROPN issue-199 157 45 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 157 46 − − PROPN issue-199 157 47 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 NOUN issue-199 157 48 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 157 49 ) ) PUNCT issue-199 157 50 . . PUNCT issue-199 158 1 ( ( PUNCT issue-199 158 2 13 13 NUM issue-199 158 3 ) ) PUNCT issue-199 158 4 to to PART issue-199 158 5 substantiate substantiate VERB issue-199 158 6 the the DET issue-199 158 7 possible possible ADJ issue-199 158 8 amounts amount NOUN issue-199 158 9 of of ADP issue-199 158 10 loan loan NOUN issue-199 158 11 capital capital NOUN issue-199 158 12 involvement involvement NOUN issue-199 158 13 , , PUNCT issue-199 158 14 it it PRON issue-199 158 15 is be AUX issue-199 158 16 necessary necessary ADJ issue-199 158 17 to to PART issue-199 158 18 access access VERB issue-199 158 19 the the DET issue-199 158 20 potential potential ADJ issue-199 158 21 optimistic optimistic ADJ issue-199 158 22 , , PUNCT issue-199 158 23 realistic realistic ADJ issue-199 158 24 , , PUNCT issue-199 158 25 and and CCONJ issue-199 158 26 pessimistic pessimistic ADJ issue-199 158 27 level level NOUN issue-199 158 28 of of ADP issue-199 158 29 the the DET issue-199 158 30 adjusted adjust VERB issue-199 158 31 profitability profitability NOUN issue-199 158 32 of of ADP issue-199 158 33 capital capital NOUN issue-199 158 34 ( ( PUNCT issue-199 158 35 assets asset NOUN issue-199 158 36 ) ) PUNCT issue-199 158 37 before before ADP issue-199 158 38 interest interest NOUN issue-199 158 39 and and CCONJ issue-199 158 40 to to PART issue-199 158 41 calculate calculate VERB issue-199 158 42 the the DET issue-199 158 43 differential differential NOUN issue-199 158 44 of of ADP issue-199 158 45 financial financial ADJ issue-199 158 46 leverage leverage NOUN issue-199 158 47 for for ADP issue-199 158 48 each each PRON issue-199 158 49 of of ADP issue-199 158 50 these these DET issue-199 158 51 levels level NOUN issue-199 158 52 . . PUNCT issue-199 159 1 since since SCONJ issue-199 159 2 in in ADP issue-199 159 3 unstable unstable ADJ issue-199 159 4 environmental environmental ADJ issue-199 159 5 conditions condition NOUN issue-199 159 6 the the DET issue-199 159 7 managerial managerial ADJ issue-199 159 8 decisions decision NOUN issue-199 159 9 associated associate VERB issue-199 159 10 with with ADP issue-199 159 11 the the DET issue-199 159 12 additional additional ADJ issue-199 159 13 amount amount NOUN issue-199 159 14 of of ADP issue-199 159 15 loan loan NOUN issue-199 159 16 capital capital NOUN issue-199 159 17 are be AUX issue-199 159 18 characterized characterize VERB issue-199 159 19 by by ADP issue-199 159 20 a a DET issue-199 159 21 high high ADJ issue-199 159 22 level level NOUN issue-199 159 23 of of ADP issue-199 159 24 risk risk NOUN issue-199 159 25 , , PUNCT issue-199 159 26 their their PRON issue-199 159 27 justification justification NOUN issue-199 159 28 should should AUX issue-199 159 29 be be AUX issue-199 159 30 carried carry VERB issue-199 159 31 out out ADP issue-199 159 32 based base VERB issue-199 159 33 on on ADP issue-199 159 34 the the DET issue-199 159 35 principle principle NOUN issue-199 159 36 of of ADP issue-199 159 37 prudence prudence NOUN issue-199 159 38 . . PUNCT issue-199 160 1 according accord VERB issue-199 160 2 to to ADP issue-199 160 3 this this DET issue-199 160 4 principle principle NOUN issue-199 160 5 and and CCONJ issue-199 160 6 to to ADP issue-199 160 7 triples triple NOUN issue-199 160 8 of of ADP issue-199 160 9 fuzzy fuzzy ADJ issue-199 160 10 numbers number NOUN issue-199 160 11 transformation transformation NOUN issue-199 160 12 rules rule NOUN issue-199 160 13 , , PUNCT issue-199 160 14 the the DET issue-199 160 15 function function NOUN issue-199 160 16 of of ADP issue-199 160 17 adjusted adjust VERB issue-199 160 18 profitability profitability NOUN issue-199 160 19 of of ADP issue-199 160 20 capital capital NOUN issue-199 160 21 ( ( PUNCT issue-199 160 22 assets asset NOUN issue-199 160 23 ) ) PUNCT issue-199 160 24 before before ADP issue-199 160 25 interest interest NOUN issue-199 160 26 is be AUX issue-199 160 27 considered consider VERB issue-199 160 28 as as ADP issue-199 160 29 a a DET issue-199 160 30 line line NOUN issue-199 160 31 . . PUNCT issue-199 161 1 in in ADP issue-199 161 2 accordance accordance NOUN issue-199 161 3 with with ADP issue-199 161 4 interval interval NOUN issue-199 161 5 paradigm paradigm NOUN issue-199 161 6 for for ADP issue-199 161 7 the the DET issue-199 161 8 selected select VERB issue-199 161 9 criteria criterion NOUN issue-199 161 10 of of ADP issue-199 161 11 effectiveness effectiveness NOUN issue-199 161 12 , , PUNCT issue-199 161 13 there there PRON issue-199 161 14 is be VERB issue-199 161 15 an an DET issue-199 161 16 opportunity opportunity NOUN issue-199 161 17 to to PART issue-199 161 18 obtain obtain VERB issue-199 161 19 a a DET issue-199 161 20 negative negative ADJ issue-199 161 21 result result NOUN issue-199 161 22 determined determine VERB issue-199 161 23 as as ADP issue-199 161 24 p p NOUN issue-199 161 25 , , PUNCT issue-199 161 26 0≤p≤1 0≤p≤1 NOUN issue-199 161 27 . . PUNCT issue-199 162 1 the the DET issue-199 162 2 concept concept NOUN issue-199 162 3 of of ADP issue-199 162 4 “ " PUNCT issue-199 162 5 opportunity opportunity NOUN issue-199 162 6 ” " PUNCT issue-199 162 7 is be AUX issue-199 162 8 similar similar ADJ issue-199 162 9 to to ADP issue-199 162 10 the the DET issue-199 162 11 concept concept NOUN issue-199 162 12 of of ADP issue-199 162 13 “ " PUNCT issue-199 162 14 probability probability NOUN issue-199 162 15 ” " PUNCT issue-199 162 16 but but CCONJ issue-199 162 17 it it PRON issue-199 162 18 is be AUX issue-199 162 19 not not PART issue-199 162 20 based base VERB issue-199 162 21 on on ADP issue-199 162 22 the the DET issue-199 162 23 coincidence coincidence NOUN issue-199 162 24 hypothesis hypothesis NOUN issue-199 162 25 and and CCONJ issue-199 162 26 does do AUX issue-199 162 27 not not PART issue-199 162 28 establish establish VERB issue-199 162 29 the the DET issue-199 162 30 probability probability NOUN issue-199 162 31 density density NOUN issue-199 162 32 in in ADP issue-199 162 33 the the DET issue-199 162 34 interval interval NOUN issue-199 162 35 of of ADP issue-199 162 36 uncertainty uncertainty NOUN issue-199 162 37 . . PUNCT issue-199 163 1 obviously obviously ADV issue-199 163 2 , , PUNCT issue-199 163 3 in in ADP issue-199 163 4 the the DET issue-199 163 5 case case NOUN issue-199 163 6 𝐿𝐿м 𝐿𝐿м NOUN issue-199 163 7 = = PUNCT issue-199 163 8 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 163 9 𝐸𝐸 𝐸𝐸 PROPN issue-199 163 10 ∗ ∗ NOUN issue-199 163 11 ( ( PUNCT issue-199 163 12 𝑅𝑅𝑅𝑅(1 𝑅𝑅𝑅𝑅(1 CCONJ issue-199 163 13 − − PROPN issue-199 163 14 𝑡𝑡 𝑡𝑡 ADJ issue-199 163 15 ) ) PUNCT issue-199 163 16 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 NUM issue-199 163 17 ) ) PUNCT issue-199 163 18 → → SYM issue-199 163 19 𝑚𝑚𝑚𝑚𝑥𝑥 𝑚𝑚𝑚𝑚𝑥𝑥 NOUN issue-199 163 20 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 VERB issue-199 163 21 ≥ ≥ NUM issue-199 163 22 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 163 23 + + CCONJ issue-199 163 24 𝐿𝐿𝑊𝑊 𝐿𝐿𝑊𝑊 PROPN issue-199 163 25 − − PROPN issue-199 163 26 ( ( PUNCT issue-199 163 27 𝐸𝐸0 𝐸𝐸0 PROPN issue-199 163 28 + + CCONJ issue-199 163 29 ( ( PUNCT issue-199 163 30 ( ( PUNCT issue-199 163 31 1 1 NUM issue-199 163 32 − − NUM issue-199 163 33 𝑡𝑡 𝑡𝑡 ADJ issue-199 163 34 ) ) PUNCT issue-199 163 35 ∗ ∗ NOUN issue-199 163 36 ( ( PUNCT issue-199 163 37 1 1 NUM issue-199 163 38 − − PROPN issue-199 163 39 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 PROPN issue-199 163 40 ) ) PUNCT issue-199 163 41 ∗ ∗ NOUN issue-199 163 42 ( ( PUNCT issue-199 163 43 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 VERB issue-199 163 44 − − PROPN issue-199 163 45 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 163 46 ) ) PUNCT issue-199 163 47 ) ) PUNCT issue-199 163 48 − − PROPN issue-199 164 1 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 164 2 − − PROPN issue-199 164 3 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 164 4 1 1 NUM issue-199 164 5 − − NOUN issue-199 164 6 ( ( PUNCT issue-199 164 7 1 1 NUM issue-199 164 8 − − PROPN issue-199 164 9 𝑡𝑡 𝑡𝑡 ADJ issue-199 164 10 ) ) PUNCT issue-199 164 11 ∗ ∗ NOUN issue-199 164 12 ( ( PUNCT issue-199 164 13 1 1 NUM issue-199 164 14 − − PROPN issue-199 164 15 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 NOUN issue-199 164 16 ) ) PUNCT issue-199 164 17 ∗ ∗ NOUN issue-199 164 18 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 164 19 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 PROPN issue-199 164 20 = = SYM issue-199 164 21 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 164 22 + + CCONJ issue-199 164 23 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 164 24 ∗ ∗ NOUN issue-199 164 25 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 164 26 𝑖𝑖 𝑖𝑖 PUNCT issue-199 165 1 = = PUNCT issue-199 165 2 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 165 3 ∗ ∗ NOUN issue-199 165 4 ( ( PUNCT issue-199 165 5 1 1 NUM issue-199 165 6 − − PROPN issue-199 165 7 𝑡𝑡 𝑡𝑡 ADJ issue-199 165 8 ) ) PUNCT issue-199 165 9 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 166 1 + + CCONJ issue-199 166 2 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 166 3 + + CCONJ issue-199 166 4 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 166 5 = = SYM issue-199 166 6 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 166 7 ∗ ∗ NOUN issue-199 166 8 ( ( PUNCT issue-199 166 9 1 1 NUM issue-199 166 10 − − PROPN issue-199 166 11 𝑡𝑡 𝑡𝑡 ADJ issue-199 166 12 ) ) PUNCT issue-199 166 13 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 166 14 𝐷𝐷𝐶𝐶𝐶𝐶 𝐷𝐷𝐶𝐶𝐶𝐶 NOUN issue-199 166 15 = = SYM issue-199 167 1 𝐸𝐸 𝐸𝐸 PROPN issue-199 167 2 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 167 3 ≤ ≤ NOUN issue-199 167 4 1,5 1,5 NUM issue-199 167 5 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 NOUN issue-199 167 6 = = SYM issue-199 167 7 𝐸𝐸 𝐸𝐸 PROPN issue-199 167 8 + + CCONJ issue-199 167 9 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 168 1 − − PROPN issue-199 168 2 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 168 3 𝐸𝐸 𝐸𝐸 PROPN issue-199 168 4 + + CCONJ issue-199 168 5 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 168 6 ≤ ≤ NOUN issue-199 168 7 0,2 0,2 NUM issue-199 168 8 𝑅𝑅𝑐𝑐 𝑅𝑅𝑐𝑐 PROPN issue-199 168 9 ∗ ∗ NOUN issue-199 168 10 ( ( PUNCT issue-199 168 11 1 1 NUM issue-199 168 12 − − PROPN issue-199 168 13 𝑡𝑡 𝑡𝑡 ADJ issue-199 168 14 ) ) PUNCT issue-199 168 15 − − PROPN issue-199 168 16 і і PROPN issue-199 168 17 = = PUNCT issue-199 168 18 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 168 19 − − NOUN issue-199 168 20 і і X issue-199 168 21 ≥ ≥ NUM issue-199 168 22 0 0 NUM issue-199 168 23 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 168 24 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 168 25 ≥ ≥ NOUN issue-199 168 26 𝑖𝑖 𝑖𝑖 X issue-199 168 27 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 168 28 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 168 29 < < X issue-199 168 30 𝑖𝑖 𝑖𝑖 X issue-199 168 31 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 168 32 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 168 33 < < X issue-199 168 34 𝑖𝑖 𝑖𝑖 X issue-199 168 35 ≤ ≤ NUM issue-199 168 36 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 168 37 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 168 38 𝑝𝑝 𝑝𝑝 NOUN issue-199 168 39 = = SYM issue-199 168 40 ( ( PUNCT issue-199 168 41 𝑖𝑖 𝑖𝑖 INTJ issue-199 168 42 − − PRON issue-199 168 43 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 168 44 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 PROPN issue-199 168 45 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 168 46 − − PROPN issue-199 168 47 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 NOUN issue-199 168 48 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 168 49 ) ) PUNCT issue-199 168 50 the the DET issue-199 168 51 level level NOUN issue-199 168 52 of of ADP issue-199 168 53 financial financial ADJ issue-199 168 54 risk risk NOUN issue-199 168 55 p p NOUN issue-199 168 56 will will AUX issue-199 168 57 be be AUX issue-199 168 58 0 0 NUM issue-199 168 59 . . PUNCT issue-199 169 1 similarly similarly ADV issue-199 169 2 , , PUNCT issue-199 169 3 if if SCONJ issue-199 169 4 𝐿𝐿м 𝐿𝐿м NOUN issue-199 169 5 = = SYM issue-199 169 6 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 169 7 𝐸𝐸 𝐸𝐸 PROPN issue-199 169 8 ∗ ∗ NOUN issue-199 169 9 ( ( PUNCT issue-199 169 10 𝑅𝑅𝑅𝑅(1 𝑅𝑅𝑅𝑅(1 CCONJ issue-199 169 11 − − PROPN issue-199 169 12 𝑡𝑡 𝑡𝑡 ADJ issue-199 169 13 ) ) PUNCT issue-199 169 14 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 NUM issue-199 169 15 ) ) PUNCT issue-199 169 16 → → SYM issue-199 169 17 𝑚𝑚𝑚𝑚𝑥𝑥 𝑚𝑚𝑚𝑚𝑥𝑥 NOUN issue-199 170 1 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 VERB issue-199 170 2 ≥ ≥ NUM issue-199 170 3 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 170 4 + + CCONJ issue-199 170 5 𝐿𝐿𝑊𝑊 𝐿𝐿𝑊𝑊 PROPN issue-199 170 6 − − PROPN issue-199 171 1 ( ( PUNCT issue-199 171 2 𝐸𝐸0 𝐸𝐸0 PROPN issue-199 171 3 + + CCONJ issue-199 171 4 ( ( PUNCT issue-199 171 5 ( ( PUNCT issue-199 171 6 1 1 NUM issue-199 171 7 − − NUM issue-199 171 8 𝑡𝑡 𝑡𝑡 ADJ issue-199 171 9 ) ) PUNCT issue-199 171 10 ∗ ∗ NOUN issue-199 171 11 ( ( PUNCT issue-199 171 12 1 1 NUM issue-199 171 13 − − PROPN issue-199 171 14 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 PROPN issue-199 171 15 ) ) PUNCT issue-199 171 16 ∗ ∗ NOUN issue-199 171 17 ( ( PUNCT issue-199 171 18 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 VERB issue-199 171 19 − − PROPN issue-199 171 20 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 171 21 ) ) PUNCT issue-199 171 22 ) ) PUNCT issue-199 172 1 − − PROPN issue-199 173 1 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 173 2 − − PROPN issue-199 173 3 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 173 4 1 1 NUM issue-199 173 5 − − NOUN issue-199 173 6 ( ( PUNCT issue-199 173 7 1 1 NUM issue-199 173 8 − − PROPN issue-199 173 9 𝑡𝑡 𝑡𝑡 ADJ issue-199 173 10 ) ) PUNCT issue-199 173 11 ∗ ∗ NOUN issue-199 173 12 ( ( PUNCT issue-199 173 13 1 1 NUM issue-199 173 14 − − PROPN issue-199 173 15 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 NOUN issue-199 173 16 ) ) PUNCT issue-199 173 17 ∗ ∗ NOUN issue-199 173 18 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 173 19 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 PROPN issue-199 173 20 = = SYM issue-199 173 21 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 173 22 + + CCONJ issue-199 173 23 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 173 24 ∗ ∗ NOUN issue-199 173 25 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 173 26 𝑖𝑖 𝑖𝑖 PUNCT issue-199 174 1 = = PUNCT issue-199 174 2 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 174 3 ∗ ∗ NOUN issue-199 174 4 ( ( PUNCT issue-199 174 5 1 1 NUM issue-199 174 6 − − PROPN issue-199 174 7 𝑡𝑡 𝑡𝑡 ADJ issue-199 174 8 ) ) PUNCT issue-199 174 9 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 175 1 + + CCONJ issue-199 175 2 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 175 3 + + CCONJ issue-199 175 4 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 175 5 = = SYM issue-199 175 6 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 175 7 ∗ ∗ NOUN issue-199 175 8 ( ( PUNCT issue-199 175 9 1 1 NUM issue-199 175 10 − − PROPN issue-199 175 11 𝑡𝑡 𝑡𝑡 ADJ issue-199 175 12 ) ) PUNCT issue-199 175 13 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 175 14 𝐷𝐷𝐶𝐶𝐶𝐶 𝐷𝐷𝐶𝐶𝐶𝐶 NOUN issue-199 175 15 = = SYM issue-199 176 1 𝐸𝐸 𝐸𝐸 PROPN issue-199 176 2 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 176 3 ≤ ≤ NOUN issue-199 176 4 1,5 1,5 NUM issue-199 176 5 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 NOUN issue-199 176 6 = = SYM issue-199 176 7 𝐸𝐸 𝐸𝐸 PROPN issue-199 176 8 + + CCONJ issue-199 176 9 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 177 1 − − PROPN issue-199 177 2 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 177 3 𝐸𝐸 𝐸𝐸 PROPN issue-199 177 4 + + CCONJ issue-199 177 5 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 177 6 ≤ ≤ NOUN issue-199 177 7 0,2 0,2 NUM issue-199 177 8 𝑅𝑅𝑐𝑐 𝑅𝑅𝑐𝑐 PROPN issue-199 177 9 ∗ ∗ NOUN issue-199 177 10 ( ( PUNCT issue-199 177 11 1 1 NUM issue-199 177 12 − − PROPN issue-199 177 13 𝑡𝑡 𝑡𝑡 ADJ issue-199 177 14 ) ) PUNCT issue-199 177 15 − − PROPN issue-199 177 16 і і PROPN issue-199 177 17 = = PUNCT issue-199 177 18 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 177 19 − − NOUN issue-199 177 20 і і X issue-199 177 21 ≥ ≥ NUM issue-199 177 22 0 0 NUM issue-199 177 23 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 177 24 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 177 25 ≥ ≥ NOUN issue-199 177 26 𝑖𝑖 𝑖𝑖 X issue-199 177 27 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 177 28 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 177 29 < < X issue-199 177 30 𝑖𝑖 𝑖𝑖 X issue-199 177 31 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 177 32 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 177 33 < < X issue-199 177 34 𝑖𝑖 𝑖𝑖 X issue-199 177 35 ≤ ≤ NUM issue-199 177 36 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 177 37 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 177 38 𝑝𝑝 𝑝𝑝 NOUN issue-199 177 39 = = SYM issue-199 177 40 ( ( PUNCT issue-199 177 41 𝑖𝑖 𝑖𝑖 INTJ issue-199 177 42 − − PRON issue-199 177 43 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 177 44 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 PROPN issue-199 177 45 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 177 46 − − PROPN issue-199 177 47 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 NOUN issue-199 177 48 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 177 49 ) ) PUNCT issue-199 177 50 then then ADV issue-199 177 51 р=1 р=1 X issue-199 177 52 . . PUNCT issue-199 178 1 if if SCONJ issue-199 178 2 𝐿𝐿м 𝐿𝐿м NOUN issue-199 178 3 = = SYM issue-199 178 4 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 178 5 𝐸𝐸 𝐸𝐸 PROPN issue-199 178 6 ∗ ∗ NOUN issue-199 178 7 ( ( PUNCT issue-199 178 8 𝑅𝑅𝑅𝑅(1 𝑅𝑅𝑅𝑅(1 CCONJ issue-199 178 9 − − PROPN issue-199 178 10 𝑡𝑡 𝑡𝑡 ADJ issue-199 178 11 ) ) PUNCT issue-199 178 12 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 NUM issue-199 178 13 ) ) PUNCT issue-199 178 14 → → SYM issue-199 178 15 𝑚𝑚𝑚𝑚𝑥𝑥 𝑚𝑚𝑚𝑚𝑥𝑥 NOUN issue-199 178 16 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 VERB issue-199 178 17 ≥ ≥ NUM issue-199 178 18 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 178 19 + + CCONJ issue-199 178 20 𝐿𝐿𝑊𝑊 𝐿𝐿𝑊𝑊 PROPN issue-199 178 21 − − PROPN issue-199 179 1 ( ( PUNCT issue-199 179 2 𝐸𝐸0 𝐸𝐸0 PROPN issue-199 179 3 + + CCONJ issue-199 179 4 ( ( PUNCT issue-199 179 5 ( ( PUNCT issue-199 179 6 1 1 NUM issue-199 179 7 − − NUM issue-199 179 8 𝑡𝑡 𝑡𝑡 ADJ issue-199 179 9 ) ) PUNCT issue-199 179 10 ∗ ∗ NOUN issue-199 179 11 ( ( PUNCT issue-199 179 12 1 1 NUM issue-199 179 13 − − PROPN issue-199 179 14 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 PROPN issue-199 179 15 ) ) PUNCT issue-199 179 16 ∗ ∗ NOUN issue-199 179 17 ( ( PUNCT issue-199 179 18 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 VERB issue-199 179 19 − − PROPN issue-199 179 20 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 179 21 ) ) PUNCT issue-199 179 22 ) ) PUNCT issue-199 180 1 − − PROPN issue-199 181 1 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 181 2 − − PROPN issue-199 181 3 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 181 4 1 1 NUM issue-199 181 5 − − NOUN issue-199 181 6 ( ( PUNCT issue-199 181 7 1 1 NUM issue-199 181 8 − − PROPN issue-199 181 9 𝑡𝑡 𝑡𝑡 ADJ issue-199 181 10 ) ) PUNCT issue-199 181 11 ∗ ∗ NOUN issue-199 181 12 ( ( PUNCT issue-199 181 13 1 1 NUM issue-199 181 14 − − PROPN issue-199 181 15 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 NOUN issue-199 181 16 ) ) PUNCT issue-199 181 17 ∗ ∗ NOUN issue-199 181 18 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 181 19 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 PROPN issue-199 181 20 = = SYM issue-199 181 21 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 181 22 + + CCONJ issue-199 181 23 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 181 24 ∗ ∗ NOUN issue-199 181 25 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 181 26 𝑖𝑖 𝑖𝑖 PUNCT issue-199 182 1 = = PUNCT issue-199 182 2 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 182 3 ∗ ∗ NOUN issue-199 182 4 ( ( PUNCT issue-199 182 5 1 1 NUM issue-199 182 6 − − PROPN issue-199 182 7 𝑡𝑡 𝑡𝑡 ADJ issue-199 182 8 ) ) PUNCT issue-199 182 9 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 183 1 + + CCONJ issue-199 183 2 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 183 3 + + CCONJ issue-199 183 4 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 183 5 = = SYM issue-199 183 6 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 183 7 ∗ ∗ NOUN issue-199 183 8 ( ( PUNCT issue-199 183 9 1 1 NUM issue-199 183 10 − − PROPN issue-199 183 11 𝑡𝑡 𝑡𝑡 ADJ issue-199 183 12 ) ) PUNCT issue-199 183 13 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 183 14 𝐷𝐷𝐶𝐶𝐶𝐶 𝐷𝐷𝐶𝐶𝐶𝐶 NOUN issue-199 183 15 = = SYM issue-199 184 1 𝐸𝐸 𝐸𝐸 PROPN issue-199 184 2 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 184 3 ≤ ≤ NOUN issue-199 184 4 1,5 1,5 NUM issue-199 184 5 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 NOUN issue-199 184 6 = = SYM issue-199 184 7 𝐸𝐸 𝐸𝐸 PROPN issue-199 184 8 + + CCONJ issue-199 184 9 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 185 1 − − PROPN issue-199 185 2 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 185 3 𝐸𝐸 𝐸𝐸 PROPN issue-199 185 4 + + CCONJ issue-199 185 5 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 185 6 ≤ ≤ NOUN issue-199 185 7 0,2 0,2 NUM issue-199 185 8 𝑅𝑅𝑐𝑐 𝑅𝑅𝑐𝑐 PROPN issue-199 185 9 ∗ ∗ NOUN issue-199 185 10 ( ( PUNCT issue-199 185 11 1 1 NUM issue-199 185 12 − − PROPN issue-199 185 13 𝑡𝑡 𝑡𝑡 ADJ issue-199 185 14 ) ) PUNCT issue-199 185 15 − − PROPN issue-199 185 16 і і PROPN issue-199 185 17 = = PUNCT issue-199 185 18 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 185 19 − − NOUN issue-199 185 20 і і X issue-199 185 21 ≥ ≥ NUM issue-199 185 22 0 0 NUM issue-199 185 23 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 185 24 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 185 25 ≥ ≥ NOUN issue-199 185 26 𝑖𝑖 𝑖𝑖 X issue-199 185 27 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 185 28 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 185 29 < < X issue-199 185 30 𝑖𝑖 𝑖𝑖 X issue-199 185 31 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 185 32 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 185 33 < < X issue-199 185 34 𝑖𝑖 𝑖𝑖 X issue-199 185 35 ≤ ≤ NUM issue-199 185 36 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 185 37 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 185 38 𝑝𝑝 𝑝𝑝 NOUN issue-199 185 39 = = SYM issue-199 185 40 ( ( PUNCT issue-199 185 41 𝑖𝑖 𝑖𝑖 INTJ issue-199 185 42 − − PRON issue-199 185 43 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 185 44 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 PROPN issue-199 185 45 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 185 46 − − PROPN issue-199 185 47 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 NOUN issue-199 185 48 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 185 49 ) ) PUNCT issue-199 185 50 then then ADV issue-199 185 51 the the DET issue-199 185 52 level level NOUN issue-199 185 53 of of ADP issue-199 185 54 financial financial ADJ issue-199 185 55 risk risk NOUN issue-199 185 56 can can AUX issue-199 185 57 be be AUX issue-199 185 58 estimated estimate VERB issue-199 185 59 by by ADP issue-199 185 60 the the DET issue-199 185 61 formula formula NOUN issue-199 185 62 : : PUNCT issue-199 185 63 𝐿𝐿м 𝐿𝐿м X issue-199 185 64 = = SYM issue-199 185 65 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 185 66 𝐸𝐸 𝐸𝐸 PROPN issue-199 185 67 ∗ ∗ NOUN issue-199 185 68 ( ( PUNCT issue-199 185 69 𝑅𝑅𝑅𝑅(1 𝑅𝑅𝑅𝑅(1 CCONJ issue-199 185 70 − − PROPN issue-199 185 71 𝑡𝑡 𝑡𝑡 ADJ issue-199 185 72 ) ) PUNCT issue-199 185 73 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 −𝑊𝑊𝑊𝑊𝐿𝐿𝐿𝐿 NUM issue-199 185 74 ) ) PUNCT issue-199 185 75 → → SYM issue-199 185 76 𝑚𝑚𝑚𝑚𝑥𝑥 𝑚𝑚𝑚𝑚𝑥𝑥 NOUN issue-199 186 1 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 VERB issue-199 186 2 ≥ ≥ NUM issue-199 186 3 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 186 4 + + CCONJ issue-199 186 5 𝐿𝐿𝑊𝑊 𝐿𝐿𝑊𝑊 PROPN issue-199 186 6 − − PROPN issue-199 187 1 ( ( PUNCT issue-199 187 2 𝐸𝐸0 𝐸𝐸0 PROPN issue-199 187 3 + + CCONJ issue-199 187 4 ( ( PUNCT issue-199 187 5 ( ( PUNCT issue-199 187 6 1 1 NUM issue-199 187 7 − − NUM issue-199 187 8 𝑡𝑡 𝑡𝑡 ADJ issue-199 187 9 ) ) PUNCT issue-199 187 10 ∗ ∗ NOUN issue-199 187 11 ( ( PUNCT issue-199 187 12 1 1 NUM issue-199 187 13 − − PROPN issue-199 187 14 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 PROPN issue-199 187 15 ) ) PUNCT issue-199 187 16 ∗ ∗ NOUN issue-199 187 17 ( ( PUNCT issue-199 187 18 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 𝐸𝐸𝐸𝐸𝐷𝐷𝐸𝐸 VERB issue-199 187 19 − − PROPN issue-199 187 20 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 187 21 ) ) PUNCT issue-199 187 22 ) ) PUNCT issue-199 188 1 − − PROPN issue-199 189 1 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 189 2 − − PROPN issue-199 189 3 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 189 4 1 1 NUM issue-199 189 5 − − NOUN issue-199 189 6 ( ( PUNCT issue-199 189 7 1 1 NUM issue-199 189 8 − − PROPN issue-199 189 9 𝑡𝑡 𝑡𝑡 ADJ issue-199 189 10 ) ) PUNCT issue-199 189 11 ∗ ∗ NOUN issue-199 189 12 ( ( PUNCT issue-199 189 13 1 1 NUM issue-199 189 14 − − PROPN issue-199 189 15 𝐷𝐷𝐷𝐷𝐷𝐷 𝐷𝐷𝐷𝐷𝐷𝐷 NOUN issue-199 189 16 ) ) PUNCT issue-199 189 17 ∗ ∗ NOUN issue-199 189 18 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 189 19 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 PROPN issue-199 189 20 = = SYM issue-199 189 21 𝐹𝐹𝐸𝐸𝑝𝑝 𝐹𝐹𝐸𝐸𝑝𝑝 PROPN issue-199 189 22 + + CCONJ issue-199 189 23 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 189 24 ∗ ∗ NOUN issue-199 189 25 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 𝑟𝑟𝑛𝑛𝑛𝑛𝑛𝑛 NOUN issue-199 189 26 𝑖𝑖 𝑖𝑖 PUNCT issue-199 190 1 = = PUNCT issue-199 190 2 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 190 3 ∗ ∗ NOUN issue-199 190 4 ( ( PUNCT issue-199 190 5 1 1 NUM issue-199 190 6 − − PROPN issue-199 190 7 𝑡𝑡 𝑡𝑡 ADJ issue-199 190 8 ) ) PUNCT issue-199 190 9 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 𝐿𝐿𝐸𝐸𝐿𝐿𝑝𝑝 PROPN issue-199 191 1 + + CCONJ issue-199 191 2 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 𝑆𝑆𝐸𝐸𝐿𝐿𝑝𝑝 ADJ issue-199 191 3 + + CCONJ issue-199 191 4 ∆𝐿𝐿𝐿𝐿 ∆𝐿𝐿𝐿𝐿 ADJ issue-199 191 5 = = SYM issue-199 191 6 𝐹𝐹𝐸𝐸 𝐹𝐹𝐸𝐸 ADJ issue-199 191 7 ∗ ∗ NOUN issue-199 191 8 ( ( PUNCT issue-199 191 9 1 1 NUM issue-199 191 10 − − PROPN issue-199 191 11 𝑡𝑡 𝑡𝑡 ADJ issue-199 191 12 ) ) PUNCT issue-199 191 13 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 191 14 𝐷𝐷𝐶𝐶𝐶𝐶 𝐷𝐷𝐶𝐶𝐶𝐶 NOUN issue-199 191 15 = = SYM issue-199 192 1 𝐸𝐸 𝐸𝐸 PROPN issue-199 192 2 𝐿𝐿𝐿𝐿 𝐿𝐿𝐿𝐿 VERB issue-199 192 3 ≤ ≤ NOUN issue-199 192 4 1,5 1,5 NUM issue-199 192 5 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 𝐷𝐷𝐿𝐿𝐿𝐿𝐿𝐿 NOUN issue-199 192 6 = = SYM issue-199 192 7 𝐸𝐸 𝐸𝐸 PROPN issue-199 192 8 + + CCONJ issue-199 192 9 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 193 1 − − PROPN issue-199 193 2 𝑁𝑁𝐿𝐿𝑊𝑊 𝑁𝑁𝐿𝐿𝑊𝑊 PROPN issue-199 193 3 𝐸𝐸 𝐸𝐸 PROPN issue-199 193 4 + + CCONJ issue-199 193 5 𝐿𝐿𝐸𝐸𝐿𝐿 𝐿𝐿𝐸𝐸𝐿𝐿 PROPN issue-199 193 6 ≤ ≤ NOUN issue-199 193 7 0,2 0,2 NUM issue-199 193 8 𝑅𝑅𝑐𝑐 𝑅𝑅𝑐𝑐 PROPN issue-199 193 9 ∗ ∗ NOUN issue-199 193 10 ( ( PUNCT issue-199 193 11 1 1 NUM issue-199 193 12 − − PROPN issue-199 193 13 𝑡𝑡 𝑡𝑡 ADJ issue-199 193 14 ) ) PUNCT issue-199 193 15 − − PROPN issue-199 193 16 і і PROPN issue-199 193 17 = = PUNCT issue-199 193 18 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 193 19 − − NOUN issue-199 193 20 і і X issue-199 193 21 ≥ ≥ NUM issue-199 193 22 0 0 NUM issue-199 193 23 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 193 24 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 193 25 ≥ ≥ NOUN issue-199 193 26 𝑖𝑖 𝑖𝑖 X issue-199 193 27 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 193 28 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 193 29 < < X issue-199 193 30 𝑖𝑖 𝑖𝑖 X issue-199 193 31 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 193 32 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 193 33 < < X issue-199 193 34 𝑖𝑖 𝑖𝑖 X issue-199 193 35 ≤ ≤ NUM issue-199 193 36 𝑅𝑅𝐶𝐶𝐶𝐶 𝑅𝑅𝐶𝐶𝐶𝐶 VERB issue-199 193 37 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 193 38 𝑝𝑝 𝑝𝑝 NOUN issue-199 193 39 = = SYM issue-199 193 40 ( ( PUNCT issue-199 193 41 𝑖𝑖 𝑖𝑖 INTJ issue-199 193 42 − − PRON issue-199 193 43 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 PROPN issue-199 193 44 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 𝑝𝑝𝑛𝑛𝑝𝑝)/(𝑅𝑅𝐶𝐶𝐶𝐶 PROPN issue-199 193 45 𝑜𝑜𝑝𝑝𝑜𝑜 𝑜𝑜𝑝𝑝𝑜𝑜 NOUN issue-199 193 46 − − PROPN issue-199 193 47 𝑅𝑅с𝐶𝐶 𝑅𝑅с𝐶𝐶 NOUN issue-199 193 48 𝑝𝑝𝑛𝑛𝑝𝑝 𝑝𝑝𝑛𝑛𝑝𝑝 NOUN issue-199 193 49 ) ) PUNCT issue-199 193 50 , , PUNCT issue-199 193 51 ( ( PUNCT issue-199 193 52 15 15 NUM issue-199 193 53 ) ) PUNCT issue-199 193 54 and and CCONJ issue-199 193 55 the the DET issue-199 193 56 amount amount NOUN issue-199 193 57 of of ADP issue-199 193 58 additional additional ADJ issue-199 193 59 loan loan NOUN issue-199 193 60 capital capital NOUN issue-199 193 61 will will AUX issue-199 193 62 be be AUX issue-199 193 63 deemed deem VERB issue-199 193 64 appropriate appropriate ADJ issue-199 193 65 if if SCONJ issue-199 193 66 : : PUNCT issue-199 193 67 p≤pd p≤pd NOUN issue-199 193 68 , , PUNCT issue-199 193 69 ( ( PUNCT issue-199 193 70 16 16 NUM issue-199 193 71 ) ) PUNCT issue-199 193 72 where where SCONJ issue-199 193 73 pd pd NOUN issue-199 193 74     SPACE issue-199 193 75 – – PUNCT issue-199 193 76 acceptable acceptable ADJ issue-199 193 77 level level NOUN issue-199 193 78 of of ADP issue-199 193 79 financial financial ADJ issue-199 193 80 risk risk NOUN issue-199 193 81 . . PUNCT issue-199 194 1 4 4 X issue-199 194 2 . . X issue-199 194 3 approbation approbation NOUN issue-199 194 4 of of ADP issue-199 194 5 the the DET issue-199 194 6 suggested suggest VERB issue-199 194 7 model model NOUN issue-199 194 8 of of ADP issue-199 194 9 capital capital NOUN issue-199 194 10 structure structure NOUN issue-199 194 11 optimization optimization NOUN issue-199 194 12 as as ADP issue-199 194 13 a a DET issue-199 194 14 result result NOUN issue-199 194 15 of of ADP issue-199 194 16 the the DET issue-199 194 17 calculations calculation NOUN issue-199 194 18 , , PUNCT issue-199 194 19 the the DET issue-199 194 20 following follow VERB issue-199 194 21 capital capital NOUN issue-199 194 22 structure structure NOUN issue-199 194 23 forecast forecast NOUN issue-199 194 24 of of ADP issue-199 194 25 prat prat NOUN issue-199 194 26 “ " PUNCT issue-199 194 27 korsun korsun NOUN issue-199 194 28 - - PUNCT issue-199 194 29 shevchenkivske shevchenkivske PROPN issue-199 194 30 khlibopryimalne khlibopryimalne PROPN issue-199 194 31 pidpryiemstvo pidpryiemstvo PROPN issue-199 194 32 ” " PUNCT issue-199 194 33 is be AUX issue-199 194 34 obtained obtain VERB issue-199 194 35 according accord VERB issue-199 194 36 to to ADP issue-199 194 37 the the DET issue-199 194 38 optimality optimality NOUN issue-199 194 39 criterion criterion NOUN issue-199 194 40 at at ADP issue-199 194 41 an an DET issue-199 194 42 acceptable acceptable ADJ issue-199 194 43 level level NOUN issue-199 194 44 of of ADP issue-199 194 45 financial financial ADJ issue-199 194 46 risk risk NOUN issue-199 194 47 of of ADP issue-199 194 48 15 15 NUM issue-199 194 49 % % NOUN issue-199 194 50 ( ( PUNCT issue-199 194 51 table table NOUN issue-199 194 52 3 3 NUM issue-199 194 53 ) ) PUNCT issue-199 194 54 . . PUNCT issue-199 195 1 the the DET issue-199 195 2 optimization optimization NOUN issue-199 195 3 of of ADP issue-199 195 4 the the DET issue-199 195 5 investigated investigate VERB issue-199 195 6 company company NOUN issue-199 195 7 ’s ’s PART issue-199 195 8 capital capital NOUN issue-199 195 9 structure structure NOUN issue-199 195 10 was be AUX issue-199 195 11 carried carry VERB issue-199 195 12 out out ADP issue-199 195 13 in in ADP issue-199 195 14 several several ADJ issue-199 195 15 stages stage NOUN issue-199 195 16 : : PUNCT issue-199 195 17 initially initially ADV issue-199 195 18 , , PUNCT issue-199 195 19 it it PRON issue-199 195 20 table table VERB issue-199 195 21 3 3 NUM issue-199 195 22 modelling modelling NOUN issue-199 195 23 of of ADP issue-199 195 24 the the DET issue-199 195 25 target target NOUN issue-199 195 26 capital capital NOUN issue-199 195 27 structure structure NOUN issue-199 195 28 of of ADP issue-199 195 29 prat prat NOUN issue-199 195 30 “ " PUNCT issue-199 195 31 korsun korsun NOUN issue-199 195 32 - - PUNCT issue-199 195 33 shevchenkivske shevchenkivske PROPN issue-199 195 34 khlibopryimalne khlibopryimalne PROPN issue-199 195 35 pidpryiemstvo pidpryiemstvo PROPN issue-199 195 36 ” " PUNCT issue-199 195 37 indicators indicator NOUN issue-199 195 38 2016 2016 NUM issue-199 195 39 2017 2017 NUM issue-199 195 40 2018 2018 NUM issue-199 195 41 2019 2019 NUM issue-199 195 42 2020 2020 NUM issue-199 195 43 1 1 NUM issue-199 195 44 2 2 NUM issue-199 195 45 3 3 NUM issue-199 195 46 4 4 NUM issue-199 195 47 5 5 NUM issue-199 195 48 6 6 NUM issue-199 195 49 financial financial ADJ issue-199 195 50 result result NOUN issue-199 195 51 from from ADP issue-199 195 52 operating operate VERB issue-199 195 53 activities activity NOUN issue-199 195 54 , , PUNCT issue-199 195 55 thousand thousand NUM issue-199 195 56 hryvnias hryvnia NOUN issue-199 195 57 66990 66990 NUM issue-199 195 58 112530 112530 NUM issue-199 195 59 179772 179772 NUM issue-199 195 60 274890 274890 NUM issue-199 195 61 404849 404849 NUM issue-199 195 62 investment investment NOUN issue-199 195 63 costs cost NOUN issue-199 195 64 , , PUNCT issue-199 195 65 thousand thousand NUM issue-199 195 66 hryvnias hryvnia NOUN issue-199 195 67 30295 30295 NUM issue-199 195 68 35933 35933 NUM issue-199 195 69 41230 41230 NUM issue-199 195 70 46525 46525 NUM issue-199 195 71 51823 51823 NUM issue-199 195 72 financial financial ADJ issue-199 195 73 expenses expense NOUN issue-199 195 74 , , PUNCT issue-199 195 75 thousand thousand NUM issue-199 195 76 hryvnias hryvnias NOUN issue-199 195 77 16000 16000 NUM issue-199 195 78 16000 16000 NUM issue-199 195 79 16000 16000 NUM issue-199 195 80 16000 16000 NUM issue-199 195 81 96000 96000 NUM issue-199 195 82 the the DET issue-199 195 83 financial financial ADJ issue-199 195 84 result result NOUN issue-199 195 85 of of ADP issue-199 195 86 economic economic ADJ issue-199 195 87 activity activity NOUN issue-199 195 88 , , PUNCT issue-199 195 89 thousand thousand NUM issue-199 195 90 hryvnias hryvnia NOUN issue-199 195 91 20695 20695 NUM issue-199 195 92 60597 60597 NUM issue-199 195 93 122542 122542 NUM issue-199 195 94 212365 212365 NUM issue-199 195 95 257026 257026 NUM issue-199 195 96 net net ADJ issue-199 195 97 income income NOUN issue-199 195 98 , , PUNCT issue-199 195 99 thousand thousand NUM issue-199 195 100 hryvnias hryvnias NOUN issue-199 195 101 16969.9 16969.9 NUM issue-199 195 102 49689.54 49689.54 NUM issue-199 195 103 100484.4 100484.4 NUM issue-199 195 104 174139.3 174139.3 NUM issue-199 195 105 210761.3 210761.3 NUM issue-199 195 106 dividends dividend NOUN issue-199 195 107 , , PUNCT issue-199 195 108 thousand thousand NUM issue-199 195 109 hryvnias hryvnia NOUN issue-199 195 110 4242.475 4242.475 NUM issue-199 195 111 12422.39 12422.39 NUM issue-199 195 112 25121.11 25121.11 NUM issue-199 195 113 43534.83 43534.83 NUM issue-199 195 114 52690.33 52690.33 NUM issue-199 195 115 baltic baltic ADJ issue-199 195 116 journal journal NOUN issue-199 195 117 of of ADP issue-199 195 118 economic economic ADJ issue-199 195 119 studies study NOUN issue-199 195 120 68 68 NUM issue-199 195 121 vol vol NOUN issue-199 195 122 . . PUNCT issue-199 196 1 3 3 NUM issue-199 196 2 , , PUNCT issue-199 196 3 no no INTJ issue-199 196 4 . . NOUN issue-199 196 5 3 3 NUM issue-199 196 6 , , PUNCT issue-199 196 7 2017 2017 NUM issue-199 196 8 was be AUX issue-199 196 9 determined determine VERB issue-199 196 10 the the DET issue-199 196 11 necessity necessity NOUN issue-199 196 12 in in ADP issue-199 196 13 additional additional ADJ issue-199 196 14 loan loan NOUN issue-199 196 15 capital capital NOUN issue-199 196 16 for for ADP issue-199 196 17 each each DET issue-199 196 18 period period NOUN issue-199 196 19 , , PUNCT issue-199 196 20 and and CCONJ issue-199 196 21 then then ADV issue-199 196 22     SPACE issue-199 196 23 – – PUNCT issue-199 196 24 the the DET issue-199 196 25 loan loan NOUN issue-199 196 26 capital capital NOUN issue-199 196 27 structure structure NOUN issue-199 196 28 to to PART issue-199 196 29 maximize maximize VERB issue-199 196 30 the the DET issue-199 196 31 key key ADJ issue-199 196 32 criteria criterion NOUN issue-199 196 33 considering consider VERB issue-199 196 34 based base VERB issue-199 196 35 restrictions restriction NOUN issue-199 196 36 . . PUNCT issue-199 197 1 the the DET issue-199 197 2 average average ADJ issue-199 197 3 level level NOUN issue-199 197 4 of of ADP issue-199 197 5 modified modified ADJ issue-199 197 6 effect effect NOUN issue-199 197 7 of of ADP issue-199 197 8 financial financial ADJ issue-199 197 9 leverage leverage NOUN issue-199 197 10 is be AUX issue-199 197 11 0.1130 0.1130 NUM issue-199 197 12 . . PUNCT issue-199 198 1 5 5 NUM issue-199 198 2 . . PUNCT issue-199 198 3 conclusions conclusion NOUN issue-199 198 4 the the DET issue-199 198 5 theoretical theoretical ADJ issue-199 198 6 generalization generalization NOUN issue-199 198 7 and and CCONJ issue-199 198 8 new new ADJ issue-199 198 9 problem problem NOUN issue-199 198 10 solving solving NOUN issue-199 198 11 of of ADP issue-199 198 12 the the DET issue-199 198 13 strategic strategic ADJ issue-199 198 14 financial financial ADJ issue-199 198 15 analysis analysis NOUN issue-199 198 16 of of ADP issue-199 198 17 capital capital NOUN issue-199 198 18 is be AUX issue-199 198 19 performed perform VERB issue-199 198 20 in in ADP issue-199 198 21 the the DET issue-199 198 22 article article NOUN issue-199 198 23 , , PUNCT issue-199 198 24 allowing allow VERB issue-199 198 25 improving improve VERB issue-199 198 26 its its PRON issue-199 198 27 theoretical theoretical ADJ issue-199 198 28 and and CCONJ issue-199 198 29 methodological methodological ADJ issue-199 198 30 principles principle NOUN issue-199 198 31 . . PUNCT issue-199 199 1 on on ADP issue-199 199 2 the the DET issue-199 199 3 basis basis NOUN issue-199 199 4 of of ADP issue-199 199 5 the the DET issue-199 199 6 research research NOUN issue-199 199 7 , , PUNCT issue-199 199 8 it it PRON issue-199 199 9 is be AUX issue-199 199 10 theoretically theoretically ADV issue-199 199 11 grounded ground VERB issue-199 199 12 methodological methodological ADJ issue-199 199 13 approach approach NOUN issue-199 199 14 to to ADP issue-199 199 15 the the DET issue-199 199 16 capital capital NOUN issue-199 199 17 structure structure NOUN issue-199 199 18 optimization optimization NOUN issue-199 199 19 of of ADP issue-199 199 20 the the DET issue-199 199 21 flour flour NOUN issue-199 199 22 - - PUNCT issue-199 199 23 andcereals andcereal NOUN issue-199 199 24 industry industry NOUN issue-199 199 25 ’s ’s PART issue-199 199 26 enterprises enterprise NOUN issue-199 199 27 . . PUNCT issue-199 200 1 the the DET issue-199 200 2 suggested suggest VERB issue-199 200 3 model model NOUN issue-199 200 4 of of ADP issue-199 200 5 capital capital NOUN issue-199 200 6 optimization optimization NOUN issue-199 200 7 can can AUX issue-199 200 8 be be AUX issue-199 200 9 used use VERB issue-199 200 10 to to PART issue-199 200 11 determine determine VERB issue-199 200 12 its its PRON issue-199 200 13 structure structure NOUN issue-199 200 14 according accord VERB issue-199 200 15 to to ADP issue-199 200 16 the the DET issue-199 200 17 necessity necessity NOUN issue-199 200 18 in in ADP issue-199 200 19 loan loan NOUN issue-199 200 20 capital capital NOUN issue-199 200 21 and and CCONJ issue-199 200 22 its its PRON issue-199 200 23 limit limit NOUN issue-199 200 24 value value NOUN issue-199 200 25 , , PUNCT issue-199 200 26 which which PRON issue-199 200 27 may may AUX issue-199 200 28 involve involve VERB issue-199 200 29 the the DET issue-199 200 30 company company NOUN issue-199 200 31 at at ADP issue-199 200 32 an an DET issue-199 200 33 acceptable acceptable ADJ issue-199 200 34 level level NOUN issue-199 200 35 of of ADP issue-199 200 36 financial financial ADJ issue-199 200 37 risk risk NOUN issue-199 200 38 . . PUNCT issue-199 201 1 1 1 NUM issue-199 201 2 2 2 NUM issue-199 201 3 3 3 NUM issue-199 201 4 4 4 NUM issue-199 201 5 5 5 NUM issue-199 201 6 6 6 NUM issue-199 201 7 addition addition NOUN issue-199 201 8 to to ADP issue-199 201 9 equity equity NOUN issue-199 201 10 , , PUNCT issue-199 201 11 thousand thousand NUM issue-199 201 12 hryvnias hryvnia NOUN issue-199 201 13 12727.43 12727.43 NUM issue-199 201 14 37267.16 37267.16 NUM issue-199 201 15 75363.33 75363.33 NUM issue-199 201 16 130604.5 130604.5 NUM issue-199 201 17 158071 158071 NUM issue-199 201 18 equity equity NOUN issue-199 201 19 ( ( PUNCT issue-199 201 20 initial initial ADJ issue-199 201 21 ) ) PUNCT issue-199 201 22 , , PUNCT issue-199 201 23 thousand thousand NUM issue-199 201 24 hryvnias hryvnias NOUN issue-199 201 25 174118 174118 NUM issue-199 201 26 186845.4 186845.4 NUM issue-199 201 27 224112.6 224112.6 NUM issue-199 201 28 299475.9 299475.9 NUM issue-199 201 29 430080.4 430080.4 NUM issue-199 201 30 equity equity NOUN issue-199 201 31 , , PUNCT issue-199 201 32 thousand thousand NUM issue-199 201 33 hryvnias hryvnia NOUN issue-199 201 34 186845.4 186845.4 NUM issue-199 201 35 224112.6 224112.6 NUM issue-199 201 36 299475.9 299475.9 NUM issue-199 201 37 430080.4 430080.4 NUM issue-199 201 38 588151.4 588151.4 NUM issue-199 201 39 long long ADJ issue-199 201 40 - - PUNCT issue-199 201 41 term term NOUN issue-199 201 42 liabilities liability NOUN issue-199 201 43 , , PUNCT issue-199 201 44 thousand thousand NUM issue-199 201 45 hryvnias hryvnia NOUN issue-199 201 46 80000 80000 NUM issue-199 201 47 80000 80000 NUM issue-199 201 48 80000 80000 NUM issue-199 201 49 80000 80000 NUM issue-199 201 50 0 0 NUM issue-199 201 51 short short ADJ issue-199 201 52 - - PUNCT issue-199 201 53 term term NOUN issue-199 201 54 liabilities liability NOUN issue-199 201 55 , , PUNCT issue-199 201 56 thousand thousand NUM issue-199 201 57 hryvnias hryvnia NOUN issue-199 201 58 142855 142855 NUM issue-199 201 59 201805 201805 NUM issue-199 201 60 289527 289527 NUM issue-199 201 61 414292 414292 NUM issue-199 201 62 585435 585435 NUM issue-199 201 63 loan loan NOUN issue-199 201 64 capital capital NOUN issue-199 201 65 , , PUNCT issue-199 201 66 thousand thousand NUM issue-199 201 67 hryvnias hryvnia NOUN issue-199 201 68 222855 222855 NUM issue-199 201 69 281805 281805 NUM issue-199 201 70 369527 369527 NUM issue-199 201 71 494292 494292 NUM issue-199 201 72 585435 585435 NUM issue-199 201 73 target target NOUN issue-199 201 74 capital capital NOUN issue-199 201 75 , , PUNCT issue-199 201 76 thousand thousand NUM issue-199 201 77 hryvnias hryvnia NOUN issue-199 201 78 409700 409700 NUM issue-199 201 79 505918 505918 NUM issue-199 201 80 669003 669003 NUM issue-199 201 81 924372 924372 NUM issue-199 201 82 1173586 1173586 NUM issue-199 201 83 non non ADJ issue-199 201 84 - - ADJ issue-199 201 85 current current ADJ issue-199 201 86 assets asset NOUN issue-199 201 87 , , PUNCT issue-199 201 88 thousand thousand NUM issue-199 201 89 hryvnias hryvnia NOUN issue-199 201 90 165064 165064 NUM issue-199 201 91 200997 200997 NUM issue-199 201 92 242227 242227 NUM issue-199 201 93 288754 288754 NUM issue-199 201 94 340577 340577 NUM issue-199 201 95 current current ADJ issue-199 201 96 assets asset NOUN issue-199 201 97 , , PUNCT issue-199 201 98 thousand thousand NUM issue-199 201 99 hryvnias hryvnia NOUN issue-199 201 100 244636 244636 NUM issue-199 201 101 304921 304921 NUM issue-199 201 102 426776 426776 NUM issue-199 201 103 635618 635618 NUM issue-199 201 104 833009 833009 NUM issue-199 201 105 the the DET issue-199 201 106 share share NOUN issue-199 201 107 of of ADP issue-199 201 108 equity equity NOUN issue-199 201 109 0.4561 0.4561 NUM issue-199 201 110 0.4430 0.4430 NUM issue-199 201 111 0.4476 0.4476 NUM issue-199 201 112 0.4653 0.4653 NUM issue-199 201 113 0.5012 0.5012 NUM issue-199 201 114 the the DET issue-199 201 115 share share NOUN issue-199 201 116 of of ADP issue-199 201 117 loan loan NOUN issue-199 201 118 capital capital NOUN issue-199 201 119 0.5439 0.5439 NUM issue-199 201 120 0.5570 0.5570 NUM issue-199 201 121 0.5524 0.5524 NUM issue-199 201 122 0.5347 0.5347 NUM issue-199 201 123 0.4988 0.4988 NUM issue-199 201 124 the the DET issue-199 201 125 cost cost NOUN issue-199 201 126 of of ADP issue-199 201 127 equity equity NOUN issue-199 201 128 0.0227 0.0227 NUM issue-199 201 129 0.0554 0.0554 NUM issue-199 201 130 0.0839 0.0839 NUM issue-199 201 131 0.1012 0.1012 NUM issue-199 201 132 0.0896 0.0896 NUM issue-199 201 133 the the DET issue-199 201 134 cost cost NOUN issue-199 201 135 of of ADP issue-199 201 136 loan loan NOUN issue-199 201 137 capital capital NOUN issue-199 201 138 0.0589 0.0589 NUM issue-199 201 139 0.0466 0.0466 NUM issue-199 201 140 0.0355 0.0355 NUM issue-199 201 141 0.0265 0.0265 NUM issue-199 201 142 0.1345 0.1345 NUM issue-199 201 143 wacc wacc PROPN issue-199 201 144 0.0424 0.0424 NUM issue-199 201 145 0.0505 0.0505 NUM issue-199 201 146 0.0572 0.0572 NUM issue-199 201 147 0.0613 0.0613 NUM issue-199 201 148 0.1120 0.1120 NUM issue-199 201 149 the the DET issue-199 201 150 adjusted adjust VERB issue-199 201 151 profitability profitability NOUN issue-199 201 152 of of ADP issue-199 201 153 capital capital NOUN issue-199 201 154 ( ( PUNCT issue-199 201 155 assets asset NOUN issue-199 201 156 ) ) PUNCT issue-199 201 157 before before ADP issue-199 201 158 interest interest NOUN issue-199 202 1 0.0734 0.0734 NUM issue-199 202 2 0.1241 0.1241 NUM issue-199 202 3 0.1698 0.1698 NUM issue-199 202 4 0.2026 0.2026 NUM issue-199 202 5 0.2467 0.2467 NUM issue-199 202 6 differential differential NOUN issue-199 202 7 of of ADP issue-199 202 8 financial financial ADJ issue-199 202 9 leverage leverage NOUN issue-199 202 10 0.0146 0.0146 NUM issue-199 202 11 0.0776 0.0776 NUM issue-199 202 12 0.1343 0.1343 NUM issue-199 202 13 0.1760 0.1760 NUM issue-199 202 14 0.1122 0.1122 NUM issue-199 202 15 index index NOUN issue-199 202 16 of of ADP issue-199 202 17 capital capital NOUN issue-199 202 18 structure structure NOUN issue-199 202 19 1.1927 1.1927 NUM issue-199 202 20 1.2574 1.2574 NUM issue-199 202 21 1.2339 1.2339 NUM issue-199 202 22 1.1493 1.1493 NUM issue-199 202 23 0.9954 0.9954 NUM issue-199 202 24 index index NOUN issue-199 202 25 of of ADP issue-199 202 26 long long ADJ issue-199 202 27 - - PUNCT issue-199 202 28 term term NOUN issue-199 202 29 financial financial ADJ issue-199 202 30 independence independence NOUN issue-199 202 31 0.3814 0.3814 NUM issue-199 202 32 0.3391 0.3391 NUM issue-199 202 33 0.3617 0.3617 NUM issue-199 202 34 0.4339 0.4339 NUM issue-199 202 35 0.4209 0.4209 NUM issue-199 202 36 criterion criterion NOUN issue-199 202 37 ем ем ADP issue-199 202 38 0.0371 0.0371 NUM issue-199 202 39 0.0926 0.0926 NUM issue-199 202 40 0.1390 0.1390 NUM issue-199 202 41 0.1624 0.1624 NUM issue-199 202 42 0.1341 0.1341 NUM issue-199 202 43 * * PUNCT issue-199 202 44 taking take VERB issue-199 202 45 into into ADP issue-199 202 46 account account NOUN issue-199 202 47 the the DET issue-199 202 48 repayment repayment NOUN issue-199 202 49 of of ADP issue-199 202 50 principal principal ADJ issue-199 202 51 source source NOUN issue-199 202 52 : : PUNCT issue-199 202 53 calculated calculate VERB issue-199 202 54 according accord VERB issue-199 202 55 to to ADP issue-199 202 56 website website NOUN issue-199 202 57 of of ADP issue-199 202 58 stock stock NOUN issue-199 202 59 market market NOUN issue-199 202 60 infrastructure infrastructure NOUN issue-199 202 61 development development PROPN issue-199 202 62 agency agency PROPN issue-199 202 63 of of ADP issue-199 202 64 ukraine ukraine PROPN issue-199 202 65 ending ending NOUN issue-199 202 66 of of ADP issue-199 202 67 table table NOUN issue-199 202 68 references reference NOUN issue-199 202 69 : : PUNCT issue-199 202 70 basovskij basovskij NOUN issue-199 202 71 , , PUNCT issue-199 202 72 l.e l.e PROPN issue-199 202 73 . . PROPN issue-199 202 74 ( ( PUNCT issue-199 202 75 2008 2008 NUM issue-199 202 76 ) ) PUNCT issue-199 202 77 . . PUNCT issue-199 203 1 finansovyj finansovyj PROPN issue-199 203 2 menedzhment menedzhment NOUN issue-199 204 1 [ [ X issue-199 204 2 financial financial ADJ issue-199 204 3 management management NOUN issue-199 204 4 ] ] PUNCT issue-199 204 5 , , PUNCT issue-199 204 6 infra infra NOUN issue-199 204 7 - - PUNCT issue-199 204 8 m m NOUN issue-199 204 9 , , PUNCT issue-199 204 10 moscow moscow PROPN issue-199 204 11 , , PUNCT issue-199 204 12 russia russia PROPN issue-199 204 13 , , PUNCT issue-199 204 14 239 239 NUM issue-199 204 15 p. p. NOUN issue-199 204 16 blank blank NOUN issue-199 204 17 , , PUNCT issue-199 204 18 i.o i.o PROPN issue-199 204 19 . . PROPN issue-199 204 20 ( ( PUNCT issue-199 204 21 2008 2008 NUM issue-199 204 22 ) ) PUNCT issue-199 204 23 . . PUNCT issue-199 205 1 finansovyj finansovyj PROPN issue-199 205 2 menedzhment menedzhment NOUN issue-199 206 1 [ [ X issue-199 206 2 financial financial ADJ issue-199 206 3 management management NOUN issue-199 206 4 ] ] PUNCT issue-199 206 5 , , PUNCT issue-199 206 6 elha elha NOUN issue-199 206 7 , , PUNCT issue-199 206 8 kyiv kyiv ADJ issue-199 206 9 , , PUNCT issue-199 206 10 ukraine ukraine NOUN issue-199 206 11 , , PUNCT issue-199 206 12 724 724 NUM issue-199 206 13 p. p. NOUN issue-199 206 14 holovko holovko PROPN issue-199 206 15 , , PUNCT issue-199 206 16 t.v t.v PROPN issue-199 206 17 . . PROPN issue-199 206 18 & & CCONJ issue-199 206 19 sahova sahova PROPN issue-199 206 20 , , PUNCT issue-199 206 21 s.v s.v PROPN issue-199 206 22 . . PROPN issue-199 206 23 ( ( PUNCT issue-199 206 24 2002 2002 NUM issue-199 206 25 ) ) PUNCT issue-199 206 26 . . PUNCT issue-199 207 1 stratehichnyj stratehichnyj NOUN issue-199 207 2 analiz analiz NOUN issue-199 208 1 [ [ X issue-199 208 2 strategic strategic ADJ issue-199 208 3 analysis analysis NOUN issue-199 208 4 ] ] PUNCT issue-199 208 5 , , PUNCT issue-199 208 6 kneu kneu PROPN issue-199 208 7 , , PUNCT issue-199 208 8 kyiv kyiv ADJ issue-199 208 9 , , PUNCT issue-199 208 10 ukraine ukraine NOUN issue-199 208 11 , , PUNCT issue-199 208 12 198 198 NUM issue-199 208 13 p. p. NOUN issue-199 208 14 grachev grachev PROPN issue-199 208 15 , , PUNCT issue-199 208 16 a.v a.v PROPN issue-199 208 17 . . PROPN issue-199 208 18 ( ( PUNCT issue-199 208 19 2010 2010 NUM issue-199 208 20 ) ) PUNCT issue-199 208 21 . . PUNCT issue-199 209 1 analiz analiz PROPN issue-199 209 2 i i PRON issue-199 209 3 upravlenie upravlenie PROPN issue-199 209 4 finansovoj finansovoj PROPN issue-199 209 5 ustojchivost'ju ustojchivost'ju ADJ issue-199 209 6 predprijatija predprijatija NOUN issue-199 209 7 [ [ NOUN issue-199 209 8 analysis analysis NOUN issue-199 209 9 and and CCONJ issue-199 209 10 management management NOUN issue-199 209 11 of of ADP issue-199 209 12 enterprise enterprise NOUN issue-199 209 13 financial financial ADJ issue-199 209 14 stability stability NOUN issue-199 209 15 ] ] PUNCT issue-199 209 16 , , PUNCT issue-199 209 17 finpress finpress NOUN issue-199 209 18 , , PUNCT issue-199 209 19 moscow moscow PROPN issue-199 209 20 , , PUNCT issue-199 209 21 russia russia PROPN issue-199 209 22 , , PUNCT issue-199 209 23 336 336 NUM issue-199 209 24 p. p. NOUN issue-199 209 25 diadiuk diadiuk NOUN issue-199 209 26 , , PUNCT issue-199 209 27 m.a m.a PROPN issue-199 209 28 . . PROPN issue-199 209 29 , , PUNCT issue-199 209 30 kruhlova kruhlova PROPN issue-199 209 31 , , PUNCT issue-199 209 32 e.a e.a PROPN issue-199 209 33 . . PROPN issue-199 209 34 & & CCONJ issue-199 209 35 foschan foschan PROPN issue-199 209 36 v.v v.v PROPN issue-199 209 37 . . PROPN issue-199 210 1 ( ( PUNCT issue-199 210 2 2014 2014 NUM issue-199 210 3 ) ) PUNCT issue-199 210 4 . . PUNCT issue-199 211 1 financial financial ADJ issue-199 211 2 leverage leverage NOUN issue-199 211 3 as as ADP issue-199 211 4 a a DET issue-199 211 5 tool tool NOUN issue-199 211 6 for for ADP issue-199 211 7 assessing assess VERB issue-199 211 8 the the DET issue-199 211 9 risk risk NOUN issue-199 211 10 of of ADP issue-199 211 11 formation formation NOUN issue-199 211 12 of of ADP issue-199 211 13 the the DET issue-199 211 14 financial financial ADJ issue-199 211 15 structure structure NOUN issue-199 211 16 of of ADP issue-199 211 17 the the DET issue-199 211 18 capital capital NOUN issue-199 211 19 of of ADP issue-199 211 20 a a DET issue-199 211 21 trading trading NOUN issue-199 211 22 enterprise enterprise NOUN issue-199 211 23 , , PUNCT issue-199 211 24 businessinform businessinform NOUN issue-199 211 25 , , PUNCT issue-199 211 26 vol vol NOUN issue-199 211 27 . . PROPN issue-199 211 28 9 9 NUM issue-199 211 29 , , PUNCT issue-199 211 30 pp pp ADJ issue-199 211 31 . . PUNCT issue-199 212 1 272 272 NUM issue-199 212 2 - - SYM issue-199 212 3 278 278 NUM issue-199 212 4 . . PUNCT issue-199 213 1 zagainova zagainova NOUN issue-199 213 2 , , PUNCT issue-199 213 3 yu.v yu.v X issue-199 213 4 . . PUNCT issue-199 213 5 ( ( PUNCT issue-199 213 6 2006 2006 NUM issue-199 213 7 ) ) PUNCT issue-199 213 8 . . PUNCT issue-199 214 1 formation formation NOUN issue-199 214 2 of of ADP issue-199 214 3 the the DET issue-199 214 4 capital capital NOUN issue-199 214 5 structure structure NOUN issue-199 214 6 of of ADP issue-199 214 7 a a DET issue-199 214 8 commercial commercial ADJ issue-199 214 9 bank bank NOUN issue-199 214 10 , , PUNCT issue-199 214 11 abstract abstract ADJ issue-199 214 12 phd phd NOUN issue-199 214 13 thesis thesis NOUN issue-199 214 14 , , PUNCT issue-199 214 15 novosibirsk novosibirsk PROPN issue-199 214 16 , , PUNCT issue-199 214 17 russia russia PROPN issue-199 214 18 , , PUNCT issue-199 214 19 21 21 NUM issue-199 214 20 p. p. NOUN issue-199 214 21 kovaljov kovaljov PROPN issue-199 214 22 , , PUNCT issue-199 214 23 v.v v.v PROPN issue-199 214 24 . . PROPN issue-199 214 25 ( ( PUNCT issue-199 214 26 1997 1997 NUM issue-199 214 27 ) ) PUNCT issue-199 214 28 . . PUNCT issue-199 215 1 finansovyj finansovyj PROPN issue-199 215 2 analiz analiz PROPN issue-199 215 3 : : PUNCT issue-199 215 4 upravlenie upravlenie PROPN issue-199 215 5 kapitalom kapitalom PROPN issue-199 215 6 . . PUNCT issue-199 215 7 vybor vybor PROPN issue-199 215 8 investicij investicij PROPN issue-199 215 9 . . PUNCT issue-199 216 1 analiz analiz PROPN issue-199 216 2 otchjotnosti otchjotnosti NOUN issue-199 217 1 [ [ X issue-199 217 2 financial financial ADJ issue-199 217 3 analysis analysis NOUN issue-199 217 4 : : PUNCT issue-199 217 5 capital capital NOUN issue-199 217 6 management management NOUN issue-199 217 7 . . PUNCT issue-199 218 1 the the DET issue-199 218 2 choice choice NOUN issue-199 218 3 of of ADP issue-199 218 4 investments investment NOUN issue-199 218 5 . . PUNCT issue-199 219 1 reporting report VERB issue-199 219 2 analysis analysis NOUN issue-199 219 3 ] ] PUNCT issue-199 219 4 , , PUNCT issue-199 219 5 finansy finansy ADJ issue-199 219 6 i i PRON issue-199 219 7 statistika statistika NOUN issue-199 219 8 , , PUNCT issue-199 219 9 moscow moscow PROPN issue-199 219 10 , , PUNCT issue-199 219 11 russia russia PROPN issue-199 219 12 , , PUNCT issue-199 219 13 432 432 NUM issue-199 219 14 p. p. PROPN issue-199 219 15 kovalchuk kovalchuk PROPN issue-199 219 16 , , PUNCT issue-199 219 17 t.m t.m PROPN issue-199 219 18 . . PROPN issue-199 219 19 ( ( PUNCT issue-199 219 20 2015 2015 NUM issue-199 219 21 ) ) PUNCT issue-199 219 22 . . PUNCT issue-199 220 1 stratehichnyj stratehichnyj NOUN issue-199 220 2 analiz analiz NOUN issue-199 221 1 [ [ X issue-199 221 2 strategic strategic ADJ issue-199 221 3 analysis analysis NOUN issue-199 221 4 ] ] PUNCT issue-199 221 5 , , PUNCT issue-199 221 6 chernivtsi chernivtsi PROPN issue-199 221 7 national national PROPN issue-199 221 8 university university PROPN issue-199 221 9 , , PUNCT issue-199 221 10 chernivtsi chernivtsi NOUN issue-199 221 11 , , PUNCT issue-199 221 12 ukraine ukraine NOUN issue-199 221 13 , , PUNCT issue-199 221 14 424 424 NUM issue-199 221 15 p. p. NOUN issue-199 221 16 peresada peresada PROPN issue-199 221 17 , , PUNCT issue-199 221 18 a.a a.a PROPN issue-199 221 19 . . PROPN issue-199 221 20 ( ( PUNCT issue-199 221 21 2002 2002 NUM issue-199 221 22 ) ) PUNCT issue-199 221 23 . . PUNCT issue-199 222 1 upravlinnia upravlinnia PROPN issue-199 222 2 investytsijnym investytsijnym PROPN issue-199 222 3 protsesom protsesom NOUN issue-199 223 1 [ [ X issue-199 223 2 management management NOUN issue-199 223 3 of of ADP issue-199 223 4 the the DET issue-199 223 5 investment investment NOUN issue-199 223 6 process process NOUN issue-199 223 7 ] ] PUNCT issue-199 223 8 , , PUNCT issue-199 223 9 libra libra NOUN issue-199 223 10 , , PUNCT issue-199 223 11 kyiv kyiv ADJ issue-199 223 12 , , PUNCT issue-199 223 13 ukraine ukraine NOUN issue-199 223 14 , , PUNCT issue-199 223 15 472 472 NUM issue-199 223 16 p. p. NOUN issue-199 223 17 piatak piatak NOUN issue-199 223 18 , , PUNCT issue-199 223 19 t.v t.v PROPN issue-199 223 20 . . PROPN issue-199 223 21 & & CCONJ issue-199 223 22 haltsov haltsov PROPN issue-199 223 23 , , PUNCT issue-199 223 24 a.yu a.yu PROPN issue-199 223 25 . . PUNCT issue-199 224 1 ( ( PUNCT issue-199 224 2 2013 2013 NUM issue-199 224 3 ) ) PUNCT issue-199 224 4 . . PUNCT issue-199 225 1 ways way NOUN issue-199 225 2 to to PART issue-199 225 3 optimize optimize VERB issue-199 225 4 the the DET issue-199 225 5 capital capital NOUN issue-199 225 6 structure structure NOUN issue-199 225 7 , , PUNCT issue-199 225 8 analysis analysis NOUN issue-199 225 9 of of ADP issue-199 225 10 theoretical theoretical ADJ issue-199 225 11 achievements achievement NOUN issue-199 225 12 , , PUNCT issue-199 225 13 bulletin bulletin NOUN issue-199 225 14 of of ADP issue-199 225 15 ntu ntu PROPN issue-199 225 16 " " PUNCT issue-199 225 17 khpi khpi NOUN issue-199 225 18 " " PUNCT issue-199 225 19 , , PUNCT issue-199 225 20 vol vol NOUN issue-199 225 21 . . PUNCT issue-199 225 22 49(1022 49(1022 NUM issue-199 225 23 ) ) PUNCT issue-199 225 24 , , PUNCT issue-199 225 25 pp pp PROPN issue-199 225 26 . . PUNCT issue-199 226 1 118 118 NUM issue-199 226 2 - - SYM issue-199 226 3 127 127 NUM issue-199 226 4 . . PUNCT issue-199 227 1 sysoeva sysoeva PROPN issue-199 227 2 , , PUNCT issue-199 227 3 e.f e.f PROPN issue-199 227 4 . . PROPN issue-199 227 5 ( ( PUNCT issue-199 227 6 2007 2007 NUM issue-199 227 7 ) ) PUNCT issue-199 227 8 . . PUNCT issue-199 228 1 comparative comparative ADJ issue-199 228 2 analysis analysis NOUN issue-199 228 3 of of ADP issue-199 228 4 approaches approach NOUN issue-199 228 5 to to ADP issue-199 228 6 the the DET issue-199 228 7 problem problem NOUN issue-199 228 8 of of ADP issue-199 228 9 optimizing optimize VERB issue-199 228 10 the the DET issue-199 228 11 structure structure NOUN issue-199 228 12 of of ADP issue-199 228 13 capital capital NOUN issue-199 228 14 , , PUNCT issue-199 228 15 finansy finansy PROPN issue-199 228 16 i i PROPN issue-199 228 17 kredit kredit NOUN issue-199 228 18 , , PUNCT issue-199 228 19 vol vol NOUN issue-199 228 20 . . PROPN issue-199 228 21 25 25 NUM issue-199 228 22 , , PUNCT issue-199 228 23 pp pp ADJ issue-199 228 24 . . PUNCT issue-199 229 1 55 55 NUM issue-199 229 2 - - SYM issue-199 229 3 59 59 NUM issue-199 229 4 . . PUNCT issue-199 230 1 sych sych PROPN issue-199 230 2 , , PUNCT issue-199 230 3 ye ye PROPN issue-199 230 4 . . PROPN issue-199 230 5 m. m. NOUN issue-199 230 6 , , PUNCT issue-199 230 7 pylypenko pylypenko NOUN issue-199 230 8 , , PUNCT issue-199 230 9 o. o. PROPN issue-199 230 10 v. v. PROPN issue-199 230 11 & & CCONJ issue-199 230 12 stasyshen stasyshen PROPN issue-199 230 13 , , PUNCT issue-199 230 14 m. m. NOUN issue-199 230 15 s. s. PROPN issue-199 230 16 ( ( PUNCT issue-199 230 17 2010 2010 NUM issue-199 230 18 ) ) PUNCT issue-199 230 19 . . PUNCT issue-199 231 1 stratehichnyj stratehichnyj NOUN issue-199 231 2 analiz analiz NOUN issue-199 232 1 [ [ X issue-199 232 2 strategic strategic ADJ issue-199 232 3 analysis analysis NOUN issue-199 232 4 ] ] PUNCT issue-199 232 5 , , PUNCT issue-199 232 6 karavella karavella PROPN issue-199 232 7 , , PUNCT issue-199 232 8 kyiv kyiv PROPN issue-199 232 9 , , PUNCT issue-199 232 10 ukraine ukraine NOUN issue-199 232 11 , , PUNCT issue-199 232 12 304 304 NUM issue-199 232 13 p. p. PROPN issue-199 232 14 baltic baltic PROPN issue-199 232 15 journal journal PROPN issue-199 232 16 of of ADP issue-199 232 17 economic economic ADJ issue-199 232 18 studies study NOUN issue-199 232 19 69 69 NUM issue-199 232 20 vol vol NOUN issue-199 232 21 . . PUNCT issue-199 233 1 3 3 NUM issue-199 233 2 , , PUNCT issue-199 233 3 no no INTJ issue-199 233 4 . . NOUN issue-199 233 5 3 3 NUM issue-199 233 6 , , PUNCT issue-199 233 7 2017 2017 NUM issue-199 233 8 nykytushkyna nykytushkyna NOUN issue-199 233 9 , , PUNCT issue-199 233 10 y.v y.v PROPN issue-199 233 11 . . PROPN issue-199 233 12 & & CCONJ issue-199 233 13 makarova makarova PROPN issue-199 233 14 , , PUNCT issue-199 233 15 s.h s.h PROPN issue-199 233 16 . . PROPN issue-199 233 17 ( ( PUNCT issue-199 233 18 2013 2013 NUM issue-199 233 19 ) ) PUNCT issue-199 233 20 . . PUNCT issue-199 234 1 struktura struktura PROPN issue-199 234 2 kapitala kapitala PROPN issue-199 234 3 korporacii korporacii PROPN issue-199 234 4 : : PUNCT issue-199 234 5 teorija teorija VERB issue-199 234 6 i i PRON issue-199 234 7 praktika praktika NOUN issue-199 235 1 [ [ X issue-199 235 2 capital capital NOUN issue-199 235 3 structure structure NOUN issue-199 235 4 of of ADP issue-199 235 5 the the DET issue-199 235 6 corporation corporation NOUN issue-199 235 7 : : PUNCT issue-199 235 8 theory theory NOUN issue-199 235 9 and and CCONJ issue-199 235 10 practice practice NOUN issue-199 235 11 ] ] PUNCT issue-199 235 12 , , PUNCT issue-199 235 13 mgu mgu PROPN issue-199 235 14 , , PUNCT issue-199 235 15 moscow moscow PROPN issue-199 235 16 , , PUNCT issue-199 235 17 russia russia PROPN issue-199 235 18 , , PUNCT issue-199 235 19 125 125 NUM issue-199 235 20 p. p. NOUN issue-199 235 21 samoilikova samoilikova NOUN issue-199 235 22 , , PUNCT issue-199 235 23 a. a. NOUN issue-199 235 24 ( ( PUNCT issue-199 235 25 2014 2014 NUM issue-199 235 26 ) ) PUNCT issue-199 235 27 . . PUNCT issue-199 236 1 the the DET issue-199 236 2 building building NOUN issue-199 236 3 of of ADP issue-199 236 4 optimal optimal ADJ issue-199 236 5 financing financing NOUN issue-199 236 6 structure structure NOUN issue-199 236 7 of of ADP issue-199 236 8 enterprises enterprise NOUN issue-199 236 9 ' ' PART issue-199 236 10 innovation innovation NOUN issue-199 236 11 and and CCONJ issue-199 236 12 investment investment NOUN issue-199 236 13 activity activity NOUN issue-199 236 14 , , PUNCT issue-199 236 15 european european ADJ issue-199 236 16 journal journal PROPN issue-199 236 17 of of ADP issue-199 236 18 economic economic ADJ issue-199 236 19 studies study NOUN issue-199 236 20 , , PUNCT issue-199 236 21 vol vol NOUN issue-199 236 22 . . PUNCT issue-199 237 1 2(8 2(8 NUM issue-199 237 2 ): ): PUNCT issue-199 237 3 pp pp ADJ issue-199 237 4 . . PUNCT issue-199 237 5 85 85 NUM issue-199 237 6 - - SYM issue-199 237 7 92 92 NUM issue-199 237 8 . . PUNCT issue-199 237 9 website website NOUN issue-199 237 10 of of ADP issue-199 237 11 agency agency PROPN issue-199 237 12 of of ADP issue-199 237 13 development development NOUN issue-199 237 14 of of ADP issue-199 237 15 stock stock NOUN issue-199 237 16 market market NOUN issue-199 237 17 infrastructure infrastructure NOUN issue-199 237 18 of of ADP issue-199 237 19 ukraine ukraine NOUN issue-199 238 1 [ [ X issue-199 238 2 electronic electronic ADJ issue-199 238 3 resourse resourse NOUN issue-199 238 4 ] ] PUNCT issue-199 238 5 . . PUNCT issue-199 238 6     SPACE issue-199 238 7 – – PUNCT issue-199 238 8 access access NOUN issue-199 238 9 mode mode NOUN issue-199 238 10 : : PUNCT issue-199 238 11 https://smida.gov.ua/ https://smida.gov.ua/ PROPN issue-199 238 12 ольга ольга NOUN issue-199 238 13 худик худик VERB issue-199 238 14 стратегический стратегический NOUN issue-199 238 15 финансовый финансовый NOUN issue-199 238 16 анализ анализ NOUN issue-199 238 17 капитала капитала VERB issue-199 238 18 предприятий предприятий NOUN issue-199 238 19 мукомольнокрупяной мукомольнокрупяной NOUN issue-199 238 20 промышленности промышленности INTJ issue-199 239 1 аннотация аннотация NOUN issue-199 239 2 . . PUNCT issue-199 240 1 в в PROPN issue-199 240 2 статье статье PROPN issue-199 240 3 рассматриваются рассматриваются PROPN issue-199 240 4 теоретические теоретические PROPN issue-199 240 5 и и PROPN issue-199 240 6 методологические методологические PROPN issue-199 240 7 проблемы проблемы PROPN issue-199 240 8 стратегического стратегического PROPN issue-199 240 9 финансового финансового NOUN issue-199 240 10 анализа анализа VERB issue-199 240 11 капитала капитала VERB issue-199 240 12 предприятия предприятия NOUN issue-199 240 13 . . PUNCT issue-199 241 1 целью целью PROPN issue-199 241 2 исследования исследования PROPN issue-199 241 3 является является VERB issue-199 241 4 развитие развитие ADJ issue-199 241 5 методических методических NOUN issue-199 241 6 основ основ PROPN issue-199 241 7 оптимизации оптимизации PROPN issue-199 241 8 структуры структуры ADJ issue-199 241 9 капитала капитала VERB issue-199 241 10 предприятий предприятий NOUN issue-199 242 1 мукомольно мукомольно NOUN issue-199 242 2 - - PUNCT issue-199 242 3 крупяной крупяной ADJ issue-199 242 4 промышленности промышленности PROPN issue-199 242 5 . . PUNCT issue-199 242 6 методика методика PROPN issue-199 242 7 . . PUNCT issue-199 243 1 методологической методологической PROPN issue-199 243 2 и и PROPN issue-199 243 3 теоретической теоретической PROPN issue-199 243 4 основой основой NOUN issue-199 243 5 исследования исследования PROPN issue-199 243 6 является является VERB issue-199 243 7 диалектический диалектический PROPN issue-199 243 8 метод метод PROPN issue-199 243 9 познания познания PROPN issue-199 243 10 экономических экономических ADP issue-199 243 11 процессов процессов PROPN issue-199 243 12 . . PUNCT issue-199 244 1 при при PROPN issue-199 244 2 проведении проведении PROPN issue-199 244 3 исследования исследования PROPN issue-199 244 4 для для PROPN issue-199 244 5 достижения достижения PROPN issue-199 244 6 поставленной поставленной PROPN issue-199 244 7 цели цели VERB issue-199 244 8 использовались использовались ADJ issue-199 244 9 следующие следующие NOUN issue-199 244 10 методы методы NOUN issue-199 244 11 : : PUNCT issue-199 244 12 анализа анализа VERB issue-199 244 13 и и PROPN issue-199 244 14 синтеза синтеза NOUN issue-199 244 15 , , PUNCT issue-199 244 16 индукции индукции VERB issue-199 244 17 и и PROPN issue-199 244 18 дедукции дедукции NOUN issue-199 244 19 , , PUNCT issue-199 244 20 абстрактно абстрактно NOUN issue-199 244 21 - - PUNCT issue-199 244 22 логический логический NOUN issue-199 244 23 , , PUNCT issue-199 244 24 сравнение сравнение NOUN issue-199 244 25 , , PUNCT issue-199 244 26 моделирование моделирование NOUN issue-199 244 27 , , PUNCT issue-199 244 28 методы методы PROPN issue-199 244 29 экономической экономической PROPN issue-199 244 30 статистики статистики NOUN issue-199 244 31 , , PUNCT issue-199 244 32 теории теории PROPN issue-199 244 33 нечетких нечетких PROPN issue-199 244 34 множеств множеств PROPN issue-199 244 35 . . PUNCT issue-199 245 1 результаты результаты PROPN issue-199 245 2 исследования исследования NOUN issue-199 245 3 . . PUNCT issue-199 246 1 на на PROPN issue-199 246 2 основе основе PROPN issue-199 246 3 изучения изучения PROPN issue-199 246 4 современного современного PROPN issue-199 246 5 состояния состояния ADV issue-199 246 6 развития развития VERB issue-199 246 7 методики методики ADJ issue-199 246 8 стратегического стратегического NOUN issue-199 246 9 финансового финансового NOUN issue-199 246 10 анализа анализа NOUN issue-199 246 11 капитала капитала VERB issue-199 246 12 обоснован обоснован NOUN issue-199 246 13 методический методический PROPN issue-199 246 14 подход подход PROPN issue-199 246 15 к к AUX issue-199 246 16 оптимизации оптимизации PROPN issue-199 246 17 структуры структуры ADJ issue-199 246 18 капитала капитала VERB issue-199 246 19 предприятий предприятий NOUN issue-199 246 20 мукомольно мукомольно NOUN issue-199 246 21 - - PUNCT issue-199 246 22 крупяной крупяной ADJ issue-199 246 23 промышленности промышленности PROPN issue-199 246 24 . . PUNCT issue-199 247 1 в в PROPN issue-199 247 2 результате результате VERB issue-199 247 3 проведенного проведенного NOUN issue-199 247 4 исследования исследования PROPN issue-199 247 5 установлено установлено NOUN issue-199 247 6 , , PUNCT issue-199 247 7 что что NOUN issue-199 247 8 эффективность эффективность NOUN issue-199 247 9 использования использования NOUN issue-199 247 10 собственного собственного NOUN issue-199 247 11 капитала капитала VERB issue-199 247 12 и и PROPN issue-199 247 13 финансово финансово PROPN issue-199 247 14 - - PUNCT issue-199 247 15 хозяйственной хозяйственной NOUN issue-199 247 16 деятельности деятельности PROPN issue-199 248 1 в в PROPN issue-199 248 2 целом целом PROPN issue-199 248 3 находятся находятся PROPN issue-199 248 4 в в PROPN issue-199 248 5 тесной тесной VERB issue-199 248 6 причинно причинно ADV issue-199 248 7 - - PUNCT issue-199 248 8 следственной следственной NOUN issue-199 248 9 связи связи NOUN issue-199 248 10 со со ADP issue-199 248 11 структурой структурой PROPN issue-199 248 12 источников источников PROPN issue-199 248 13 финансирования финансирования ADJ issue-199 248 14 . . PUNCT issue-199 249 1 поэтому поэтому PROPN issue-199 249 2 для для PROPN issue-199 249 3 определения определения PROPN issue-199 249 4 целевой целевой ADP issue-199 249 5 структуры структуры ADJ issue-199 249 6 капитала капитала VERB issue-199 249 7 предлагается предлагается NOUN issue-199 249 8 комплексно комплексно NOUN issue-199 249 9 учитывать учитывать ADJ issue-199 249 10 такие такие PROPN issue-199 249 11 показатели показатели VERB issue-199 249 12 , , PUNCT issue-199 249 13 как как VERB issue-199 249 14 прогнозный прогнозный ADJ issue-199 249 15 уровень уровень NOUN issue-199 249 16 скорректированной скорректированной VERB issue-199 249 17 рентабельности рентабельности PROPN issue-199 249 18 капитала капитала VERB issue-199 249 19 ( ( PUNCT issue-199 249 20 активов активов ADV issue-199 249 21 ) ) PUNCT issue-199 250 1 до до PROPN issue-199 250 2 выплаты выплаты VERB issue-199 250 3 процентов процентов PROPN issue-199 250 4 и и PROPN issue-199 250 5 средневзвешенная средневзвешенная NOUN issue-199 250 6 стоимость стоимость NOUN issue-199 250 7 капитала капитала ADJ issue-199 250 8 . . PUNCT issue-199 251 1 поскольку поскольку ADJ issue-199 251 2 собственный собственный NOUN issue-199 251 3 капитал капитал NOUN issue-199 251 4 предприятия предприятия VERB issue-199 251 5 характеризуется характеризуется NOUN issue-199 251 6 определенной определенной PROPN issue-199 251 7 стоимостью стоимостью PROPN issue-199 251 8 , , PUNCT issue-199 251 9 для для PROPN issue-199 251 10 определения определения PROPN issue-199 251 11 критерия критерия NOUN issue-199 251 12 оптимальности оптимальности PROPN issue-199 251 13 структуры структуры NOUN issue-199 251 14 капитала капитала VERB issue-199 251 15 возникает возникает PROPN issue-199 251 16 необходимость необходимость PROPN issue-199 251 17 учета учета NOUN issue-199 251 18 совокупной совокупной PROPN issue-199 251 19 суммы суммы NOUN issue-199 251 20 расходов расходов VERB issue-199 251 21 предприятия предприятия NOUN issue-199 251 22 на на PROPN issue-199 251 23 поддержание поддержание PROPN issue-199 251 24 существующей существующей PROPN issue-199 251 25 структуры структуры ADJ issue-199 251 26 источников источников NOUN issue-199 251 27 финансирования финансирования ADJ issue-199 251 28 . . PUNCT issue-199 252 1 поэтому поэтому PROPN issue-199 252 2 возникает возникает PROPN issue-199 252 3 необходимость необходимость PROPN issue-199 252 4 использования использования PROPN issue-199 252 5 модифицированной модифицированной PROPN issue-199 252 6 модели модели VERB issue-199 252 7 для для PROPN issue-199 252 8 оценки оценки PROPN issue-199 252 9 эффекта эффекта PROPN issue-199 252 10 финансового финансового PROPN issue-199 252 11 левериджа левериджа PROPN issue-199 252 12 с с PROPN issue-199 252 13 учетом учетом NOUN issue-199 252 14 средневзвешенной средневзвешенной PROPN issue-199 252 15 стоимости стоимости PROPN issue-199 252 16 капитала капитала VERB issue-199 252 17 . . PUNCT issue-199 253 1 использование использование NOUN issue-199 253 2 этого этого VERB issue-199 253 3 критерия критерия PROPN issue-199 253 4 требует требует PROPN issue-199 253 5 обоснования обоснования ADJ issue-199 253 6 дополнительных дополнительных NOUN issue-199 253 7 ограничений ограничений ADJ issue-199 253 8 формирования формирования ADJ issue-199 253 9 оптимальной оптимальной NOUN issue-199 253 10 структуры структуры ADJ issue-199 253 11 капитала капитала VERB issue-199 253 12 , , PUNCT issue-199 253 13 среди среди ADJ issue-199 253 14 которых которых PROPN issue-199 253 15 считаем считаем PROPN issue-199 253 16 целесообразным целесообразным VERB issue-199 253 17 выделение выделение PROPN issue-199 253 18 ограничения ограничения PROPN issue-199 253 19 по по PROPN issue-199 253 20 достаточности достаточности PROPN issue-199 253 21 функционирующего функционирующего PROPN issue-199 253 22 капитала капитала VERB issue-199 253 23 , , PUNCT issue-199 253 24 по по ADP issue-199 253 25 уровню уровню PROPN issue-199 253 26 финансовой финансовой NOUN issue-199 253 27 устойчивости устойчивости PROPN issue-199 253 28 , , PUNCT issue-199 253 29 на на PROPN issue-199 253 30 положительность положительность PROPN issue-199 253 31 дифференциала дифференциала PROPN issue-199 253 32 финансового финансового PROPN issue-199 253 33 левериджа левериджа PROPN issue-199 253 34 , , PUNCT issue-199 253 35 по по PROPN issue-199 253 36 уровню уровню PROPN issue-199 253 37 финансового финансового NOUN issue-199 253 38 риска риска NOUN issue-199 253 39 . . PUNCT issue-199 254 1 полученные полученные NOUN issue-199 254 2 результаты результаты PROPN issue-199 254 3 имеют имеют PROPN issue-199 254 4 практическую практическую NOUN issue-199 254 5 ценность ценность NOUN issue-199 254 6 , , PUNCT issue-199 254 7 поскольку поскольку NOUN issue-199 254 8 будут будут ADJ issue-199 254 9 способствовать способствовать NOUN issue-199 254 10 системной системной PROPN issue-199 254 11 интеграции интеграции ADJ issue-199 254 12 стратегического стратегического NOUN issue-199 254 13 финансового финансового NOUN issue-199 254 14 анализа анализа PROPN issue-199 254 15 с с PROPN issue-199 254 16 требованиями требованиями PROPN issue-199 254 17 финансового финансового PROPN issue-199 254 18 менеджмента менеджмента PROPN issue-199 254 19 и и PROPN issue-199 254 20 создадут создадут PROPN issue-199 254 21 предпосылки предпосылки PROPN issue-199 254 22 для для PROPN issue-199 254 23 его его PROPN issue-199 254 24 внедрения внедрения PROPN issue-199 254 25 в в PROPN issue-199 254 26 практику практику PROPN issue-199 254 27 отечественных отечественных PROPN issue-199 254 28 предприятий предприятий NOUN issue-199 254 29 . . PUNCT issue-199 255 1 значение значение PROPN issue-199 255 2 / / SYM issue-199 255 3 оригинальность оригинальность NOUN issue-199 255 4 . . PUNCT issue-199 256 1 предложенная предложенная NOUN issue-199 256 2 модель модель PROPN issue-199 256 3 оптимизации оптимизации PROPN issue-199 256 4 капитала капитала VERB issue-199 256 5 позволяет позволяет ADV issue-199 256 6 моделировать моделировать PROPN issue-199 256 7 его его PROPN issue-199 256 8 структуру структуру PROPN issue-199 256 9 исходя исходя VERB issue-199 256 10 из из PROPN issue-199 256 11 потребности потребности PROPN issue-199 256 12 в в PROPN issue-199 256 13 заемном заемном PROPN issue-199 256 14 капитале капитале PROPN issue-199 256 15 в в PROPN issue-199 256 16 каждый каждый NOUN issue-199 256 17 момент момент PROPN issue-199 256 18 времени времени PROPN issue-199 256 19 и и PROPN issue-199 256 20 его его PROPN issue-199 256 21 предельного предельного NOUN issue-199 256 22 объема объема NOUN issue-199 256 23 , , PUNCT issue-199 256 24 который который ADJ issue-199 256 25 может может NOUN issue-199 256 26 привлечь привлечь NOUN issue-199 256 27 предприятие предприятие ADJ issue-199 256 28 при при PROPN issue-199 256 29 приемлемом приемлемом PROPN issue-199 256 30 уровне уровне NOUN issue-199 256 31 финансового финансового NOUN issue-199 256 32 риска риска NOUN issue-199 256 33 . . PUNCT