id sid tid token lemma pos issue-53 1 1 baltic baltic PROPN issue-53 1 2 journal journal PROPN issue-53 1 3 of of ADP issue-53 1 4 economic economic ADJ issue-53 1 5 studies study NOUN issue-53 1 6 154 154 NUM issue-53 1 7 vol vol NOUN issue-53 1 8 . . PROPN issue-53 2 1 1 1 NUM issue-53 2 2 , , PUNCT issue-53 2 3 no no INTJ issue-53 2 4 . . NOUN issue-53 2 5 2 2 NUM issue-53 2 6 , , PUNCT issue-53 2 7 2015 2015 NUM issue-53 2 8 mne mne NOUN issue-53 2 9 specific specific ADJ issue-53 2 10 factors factor NOUN issue-53 2 11 of of ADP issue-53 2 12 corporate corporate ADJ issue-53 2 13 capital capital NOUN issue-53 2 14 structure structure NOUN issue-53 2 15 : : PUNCT issue-53 2 16 comparative comparative ADJ issue-53 2 17 analysis analysis NOUN issue-53 2 18 in in ADP issue-53 2 19 terms term NOUN issue-53 2 20 of of ADP issue-53 2 21 financial financial ADJ issue-53 2 22 resources resource NOUN issue-53 2 23 demand demand NOUN issue-53 2 24 and and CCONJ issue-53 2 25 supply supply NOUN issue-53 2 26 sergiy sergiy ADJ issue-53 2 27 tsyganov1 tsyganov1 NOUN issue-53 2 28 , , PUNCT issue-53 2 29 olga olga PROPN issue-53 2 30 zalisko2 zalisko2 PROPN issue-53 2 31 , , PUNCT issue-53 2 32 institute institute NOUN issue-53 2 33 of of ADP issue-53 2 34 international international PROPN issue-53 2 35 relations relation NOUN issue-53 2 36 of of ADP issue-53 2 37 kyiv kyiv PROPN issue-53 2 38 national national ADJ issue-53 2 39 taras taras PROPN issue-53 2 40 shevchenko shevchenko PROPN issue-53 2 41 university university PROPN issue-53 2 42 , , PUNCT issue-53 2 43 ukraine ukraine PROPN issue-53 2 44 abstract abstract NOUN issue-53 2 45 . . PUNCT issue-53 3 1 this this DET issue-53 3 2 paper paper NOUN issue-53 3 3 investigates investigate VERB issue-53 3 4 corporate corporate ADJ issue-53 3 5 capital capital NOUN issue-53 3 6 structure structure NOUN issue-53 3 7 of of ADP issue-53 3 8 multinational multinational ADJ issue-53 3 9 enterprises enterprise NOUN issue-53 3 10 . . PUNCT issue-53 4 1 its its PRON issue-53 4 2 core core NOUN issue-53 4 3 subject subject NOUN issue-53 4 4 is be AUX issue-53 4 5 focused focus VERB issue-53 4 6 on on ADP issue-53 4 7 corporate corporate ADJ issue-53 4 8 capital capital NOUN issue-53 4 9 structure structure NOUN issue-53 4 10 defining define VERB issue-53 4 11 factors factor NOUN issue-53 4 12 that that PRON issue-53 4 13 are be AUX issue-53 4 14 specific specific ADJ issue-53 4 15 for for ADP issue-53 4 16 mne mne PROPN issue-53 4 17 rather rather ADV issue-53 4 18 than than ADP issue-53 4 19 for for ADP issue-53 4 20 domestic domestic ADJ issue-53 4 21 corporations corporation NOUN issue-53 4 22 . . PUNCT issue-53 5 1 substantial substantial ADJ issue-53 5 2 part part NOUN issue-53 5 3 of of ADP issue-53 5 4 scientific scientific ADJ issue-53 5 5 literature literature NOUN issue-53 5 6 concentrates concentrate VERB issue-53 5 7 on on ADP issue-53 5 8 country country NOUN issue-53 5 9 specific specific ADJ issue-53 5 10 and and CCONJ issue-53 5 11 firm firm ADJ issue-53 5 12 specific specific ADJ issue-53 5 13 factors factor NOUN issue-53 5 14 of of ADP issue-53 5 15 corporate corporate ADJ issue-53 5 16 capital capital NOUN issue-53 5 17 structure structure NOUN issue-53 5 18 with with ADP issue-53 5 19 most most ADJ issue-53 5 20 research research NOUN issue-53 5 21 devoted devote VERB issue-53 5 22 to to ADP issue-53 5 23 domestic domestic ADJ issue-53 5 24 corporations corporation NOUN issue-53 5 25 . . PUNCT issue-53 6 1 the the DET issue-53 6 2 main main ADJ issue-53 6 3 goal goal NOUN issue-53 6 4 of of ADP issue-53 6 5 our our PRON issue-53 6 6 paper paper NOUN issue-53 6 7 is be AUX issue-53 6 8 to to PART issue-53 6 9 discover discover VERB issue-53 6 10 among among ADP issue-53 6 11 plenty plenty NOUN issue-53 6 12 of of ADP issue-53 6 13 corporate corporate ADJ issue-53 6 14 capital capital NOUN issue-53 6 15 structure structure NOUN issue-53 6 16 factors factor VERB issue-53 6 17 those those PRON issue-53 6 18 that that PRON issue-53 6 19 are be AUX issue-53 6 20 specific specific ADJ issue-53 6 21 for for ADP issue-53 6 22 mne mne PROPN issue-53 6 23 and and CCONJ issue-53 6 24 to to PART issue-53 6 25 develop develop VERB issue-53 6 26 a a DET issue-53 6 27 new new ADJ issue-53 6 28 approach approach NOUN issue-53 6 29 for for ADP issue-53 6 30 analyzing analyze VERB issue-53 6 31 these these DET issue-53 6 32 factors factor NOUN issue-53 6 33 in in ADP issue-53 6 34 terms term NOUN issue-53 6 35 of of ADP issue-53 6 36 financial financial ADJ issue-53 6 37 resources resource NOUN issue-53 6 38 demand demand NOUN issue-53 6 39 and and CCONJ issue-53 6 40 supply supply NOUN issue-53 6 41 . . PUNCT issue-53 7 1 there there PRON issue-53 7 2 are be VERB issue-53 7 3 some some DET issue-53 7 4 corporate corporate ADJ issue-53 7 5 capital capital NOUN issue-53 7 6 structure structure NOUN issue-53 7 7 factors factor NOUN issue-53 7 8 that that PRON issue-53 7 9 influence influence VERB issue-53 7 10 directly directly ADV issue-53 7 11 and and CCONJ issue-53 7 12 some some PRON issue-53 7 13 that that PRON issue-53 7 14 have have VERB issue-53 7 15 indirect indirect ADJ issue-53 7 16 influence influence NOUN issue-53 7 17 while while SCONJ issue-53 7 18 there there PRON issue-53 7 19 is be VERB issue-53 7 20 also also ADV issue-53 7 21 another another DET issue-53 7 22 set set NOUN issue-53 7 23 of of ADP issue-53 7 24 factors factor NOUN issue-53 7 25 having have VERB issue-53 7 26 both both CCONJ issue-53 7 27 direct direct ADJ issue-53 7 28 and and CCONJ issue-53 7 29 indirect indirect ADJ issue-53 7 30 influence influence NOUN issue-53 7 31 on on ADP issue-53 7 32 indebtedness indebtedness NOUN issue-53 7 33 . . PUNCT issue-53 8 1 different different ADJ issue-53 8 2 theoretical theoretical ADJ issue-53 8 3 and and CCONJ issue-53 8 4 empirical empirical ADJ issue-53 8 5 research research NOUN issue-53 8 6 confirm confirm VERB issue-53 8 7 different different ADJ issue-53 8 8 directions direction NOUN issue-53 8 9 . . PUNCT issue-53 9 1 methodology methodology NOUN issue-53 9 2 of of ADP issue-53 9 3 our our PRON issue-53 9 4 study study NOUN issue-53 9 5 is be AUX issue-53 9 6 based base VERB issue-53 9 7 on on ADP issue-53 9 8 analysis analysis NOUN issue-53 9 9 of of ADP issue-53 9 10 two two NUM issue-53 9 11 fundamental fundamental ADJ issue-53 9 12 market market NOUN issue-53 9 13 driving driving NOUN issue-53 9 14 forces force NOUN issue-53 9 15 that that PRON issue-53 9 16 are be AUX issue-53 9 17 demand demand NOUN issue-53 9 18 and and CCONJ issue-53 9 19 supply supply NOUN issue-53 9 20 . . PUNCT issue-53 10 1 their their PRON issue-53 10 2 influence influence NOUN issue-53 10 3 on on ADP issue-53 10 4 corporate corporate ADJ issue-53 10 5 capital capital NOUN issue-53 10 6 structure structure NOUN issue-53 10 7 is be AUX issue-53 10 8 of of ADP issue-53 10 9 a a DET issue-53 10 10 primary primary ADJ issue-53 10 11 origin origin NOUN issue-53 10 12 and and CCONJ issue-53 10 13 that that PRON issue-53 10 14 is be AUX issue-53 10 15 why why SCONJ issue-53 10 16 the the DET issue-53 10 17 suggested suggested ADJ issue-53 10 18 approach approach NOUN issue-53 10 19 is be AUX issue-53 10 20 to to ADP issue-53 10 21 our our PRON issue-53 10 22 mind mind NOUN issue-53 10 23 theoretically theoretically ADV issue-53 10 24 significant significant ADJ issue-53 10 25 and and CCONJ issue-53 10 26 practically practically ADV issue-53 10 27 important important ADJ issue-53 10 28 . . PUNCT issue-53 11 1 demand demand NOUN issue-53 11 2 factors factor NOUN issue-53 11 3 imply imply VERB issue-53 11 4 that that SCONJ issue-53 11 5 a a DET issue-53 11 6 corporation corporation NOUN issue-53 11 7 creates create VERB issue-53 11 8 demand demand NOUN issue-53 11 9 for for ADP issue-53 11 10 financial financial ADJ issue-53 11 11 resources resource NOUN issue-53 11 12 and and CCONJ issue-53 11 13 its its PRON issue-53 11 14 capital capital NOUN issue-53 11 15 structure structure NOUN issue-53 11 16 is be AUX issue-53 11 17 defined define VERB issue-53 11 18 internally internally ADV issue-53 11 19 . . PUNCT issue-53 12 1 supply supply NOUN issue-53 12 2 factors factor NOUN issue-53 12 3 imply imply VERB issue-53 12 4 an an DET issue-53 12 5 external external ADJ issue-53 12 6 capital capital NOUN issue-53 12 7 structure structure NOUN issue-53 12 8 since since SCONJ issue-53 12 9 it it PRON issue-53 12 10 is be AUX issue-53 12 11 created create VERB issue-53 12 12 by by ADP issue-53 12 13 external external ADJ issue-53 12 14 investors investor NOUN issue-53 12 15 ’ ’ PART issue-53 12 16 supply supply NOUN issue-53 12 17 of of ADP issue-53 12 18 financial financial ADJ issue-53 12 19 resources resource NOUN issue-53 12 20 . . PUNCT issue-53 13 1 on on ADP issue-53 13 2 empirical empirical ADJ issue-53 13 3 level level NOUN issue-53 13 4 , , PUNCT issue-53 13 5 we we PRON issue-53 13 6 use use VERB issue-53 13 7 the the DET issue-53 13 8 primary primary ADJ issue-53 13 9 data datum NOUN issue-53 13 10 of of ADP issue-53 13 11 corporate corporate ADJ issue-53 13 12 financial financial ADJ issue-53 13 13 statements statement NOUN issue-53 13 14 to to PART issue-53 13 15 analyze analyze VERB issue-53 13 16 the the DET issue-53 13 17 leverage leverage NOUN issue-53 13 18 of of ADP issue-53 13 19 mne mne PROPN issue-53 13 20 based base VERB issue-53 13 21 in in ADP issue-53 13 22 different different ADJ issue-53 13 23 countries country NOUN issue-53 13 24 and and CCONJ issue-53 13 25 representing represent VERB issue-53 13 26 different different ADJ issue-53 13 27 industries industry NOUN issue-53 13 28 . . PUNCT issue-53 14 1 the the DET issue-53 14 2 key key ADJ issue-53 14 3 results result NOUN issue-53 14 4 of of ADP issue-53 14 5 our our PRON issue-53 14 6 study study NOUN issue-53 14 7 show show VERB issue-53 14 8 that that SCONJ issue-53 14 9 the the DET issue-53 14 10 main main ADJ issue-53 14 11 mne mne ADJ issue-53 14 12 specific specific ADJ issue-53 14 13 factors factor NOUN issue-53 14 14 of of ADP issue-53 14 15 capital capital NOUN issue-53 14 16 structure structure NOUN issue-53 14 17 include include VERB issue-53 14 18 such such ADJ issue-53 14 19 demand demand NOUN issue-53 14 20 factors factor NOUN issue-53 14 21 as as ADP issue-53 14 22 multinationality multinationality NOUN issue-53 14 23 level level NOUN issue-53 14 24 , , PUNCT issue-53 14 25 assets asset NOUN issue-53 14 26 tangibility tangibility NOUN issue-53 14 27 and and CCONJ issue-53 14 28 political political ADJ issue-53 14 29 risk risk NOUN issue-53 14 30 . . PUNCT issue-53 15 1 the the DET issue-53 15 2 first first ADJ issue-53 15 3 two two NUM issue-53 15 4 are be AUX issue-53 15 5 firm firm ADJ issue-53 15 6 specific specific ADJ issue-53 15 7 factors factor NOUN issue-53 15 8 that that PRON issue-53 15 9 can can AUX issue-53 15 10 influence influence VERB issue-53 15 11 corporate corporate ADJ issue-53 15 12 capital capital NOUN issue-53 15 13 structure structure NOUN issue-53 15 14 either either CCONJ issue-53 15 15 directly directly ADV issue-53 15 16 or or CCONJ issue-53 15 17 indirectly indirectly ADV issue-53 15 18 according accord VERB issue-53 15 19 to to ADP issue-53 15 20 different different ADJ issue-53 15 21 theories theory NOUN issue-53 15 22 and and CCONJ issue-53 15 23 empirical empirical ADJ issue-53 15 24 studies study NOUN issue-53 15 25 . . PUNCT issue-53 16 1 political political ADJ issue-53 16 2 risk risk NOUN issue-53 16 3 is be AUX issue-53 16 4 a a DET issue-53 16 5 country country NOUN issue-53 16 6 specific specific ADJ issue-53 16 7 factor factor NOUN issue-53 16 8 which which PRON issue-53 16 9 affects affect VERB issue-53 16 10 mne mne PROPN issue-53 16 11 indebtedness indebtedness NOUN issue-53 16 12 level level NOUN issue-53 16 13 directly directly ADV issue-53 16 14 . . PUNCT issue-53 17 1 exchange exchange NOUN issue-53 17 2 rate rate NOUN issue-53 17 3 risk risk NOUN issue-53 17 4 is be AUX issue-53 17 5 another another DET issue-53 17 6 factor factor NOUN issue-53 17 7 of of ADP issue-53 17 8 mne mne PROPN issue-53 17 9 capital capital NOUN issue-53 17 10 structure structure NOUN issue-53 17 11 substantial substantial ADJ issue-53 17 12 influence influence NOUN issue-53 17 13 . . PUNCT issue-53 18 1 it it PRON issue-53 18 2 can can AUX issue-53 18 3 be be AUX issue-53 18 4 either either CCONJ issue-53 18 5 demand demand NOUN issue-53 18 6 or or CCONJ issue-53 18 7 supply supply NOUN issue-53 18 8 factor factor NOUN issue-53 18 9 that that PRON issue-53 18 10 brings bring VERB issue-53 18 11 mostly mostly ADV issue-53 18 12 to to ADP issue-53 18 13 indirect indirect ADJ issue-53 18 14 influence influence NOUN issue-53 18 15 on on ADP issue-53 18 16 corporate corporate ADJ issue-53 18 17 indebtedness indebtedness NOUN issue-53 18 18 level level NOUN issue-53 18 19 . . PUNCT issue-53 19 1 these these DET issue-53 19 2 factors factor NOUN issue-53 19 3 obviously obviously ADV issue-53 19 4 affect affect VERB issue-53 19 5 domestic domestic ADJ issue-53 19 6 corporations corporation NOUN issue-53 19 7 capital capital NOUN issue-53 19 8 structure structure NOUN issue-53 19 9 as as ADV issue-53 19 10 well well ADV issue-53 19 11 but but CCONJ issue-53 19 12 to to ADP issue-53 19 13 a a DET issue-53 19 14 much much ADV issue-53 19 15 lesser less ADJ issue-53 19 16 extent extent NOUN issue-53 19 17 . . PUNCT issue-53 20 1 we we PRON issue-53 20 2 also also ADV issue-53 20 3 consider consider VERB issue-53 20 4 a a DET issue-53 20 5 set set NOUN issue-53 20 6 of of ADP issue-53 20 7 behavioral behavioral ADJ issue-53 20 8 factors factor NOUN issue-53 20 9 to to PART issue-53 20 10 be be AUX issue-53 20 11 essential essential ADJ issue-53 20 12 for for ADP issue-53 20 13 mnes mne NOUN issue-53 20 14 though though SCONJ issue-53 20 15 they they PRON issue-53 20 16 also also ADV issue-53 20 17 affect affect VERB issue-53 20 18 domestic domestic ADJ issue-53 20 19 corporations corporation NOUN issue-53 20 20 . . PUNCT issue-53 21 1 key key ADJ issue-53 21 2 words word NOUN issue-53 21 3 : : PUNCT issue-53 21 4 mne mne PROPN issue-53 21 5 capital capital NOUN issue-53 21 6 structure structure NOUN issue-53 21 7 , , PUNCT issue-53 21 8 country country NOUN issue-53 21 9 specific specific ADJ issue-53 21 10 factors factor NOUN issue-53 21 11 of of ADP issue-53 21 12 capital capital NOUN issue-53 21 13 structure structure NOUN issue-53 21 14 , , PUNCT issue-53 21 15 firm firm ADJ issue-53 21 16 specific specific ADJ issue-53 21 17 factors factor NOUN issue-53 21 18 of of ADP issue-53 21 19 capital capital NOUN issue-53 21 20 structure structure NOUN issue-53 21 21 , , PUNCT issue-53 21 22 demand demand NOUN issue-53 21 23 factors factor NOUN issue-53 21 24 of of ADP issue-53 21 25 capital capital NOUN issue-53 21 26 structure structure NOUN issue-53 21 27 , , PUNCT issue-53 21 28 supply supply NOUN issue-53 21 29 factors factor NOUN issue-53 21 30 of of ADP issue-53 21 31 capital capital NOUN issue-53 21 32 structure structure NOUN issue-53 21 33 . . PUNCT issue-53 22 1 jel jel PROPN issue-53 22 2 classification classification PROPN issue-53 22 3 : : PUNCT issue-53 22 4 f21 f21 PROPN issue-53 22 5 , , PUNCT issue-53 22 6 f23 f23 PROPN issue-53 22 7 , , PUNCT issue-53 22 8 g32 g32 NOUN issue-53 22 9 1 1 NUM issue-53 22 10 . . PUNCT issue-53 23 1 introduction introduction NOUN issue-53 23 2 capital capital NOUN issue-53 23 3 structure structure NOUN issue-53 23 4 of of ADP issue-53 23 5 multinational multinational ADJ issue-53 23 6 corporations corporation NOUN issue-53 23 7 is be AUX issue-53 23 8 nowadays nowadays ADV issue-53 23 9 affected affect VERB issue-53 23 10 by by ADP issue-53 23 11 a a DET issue-53 23 12 number number NOUN issue-53 23 13 of of ADP issue-53 23 14 different different ADJ issue-53 23 15 factors factor NOUN issue-53 23 16 . . PUNCT issue-53 24 1 most most ADJ issue-53 24 2 of of ADP issue-53 24 3 them they PRON issue-53 24 4 underlie underlie VERB issue-53 24 5 existing exist VERB issue-53 24 6 theories theory NOUN issue-53 24 7 of of ADP issue-53 24 8 corporate corporate ADJ issue-53 24 9 capital capital NOUN issue-53 24 10 structure structure NOUN issue-53 24 11 and and CCONJ issue-53 24 12 have have AUX issue-53 24 13 been be AUX issue-53 24 14 deeply deeply ADV issue-53 24 15 explored explore VERB issue-53 24 16 in in ADP issue-53 24 17 contemporary contemporary ADJ issue-53 24 18 scientific scientific ADJ issue-53 24 19 literature literature NOUN issue-53 24 20 . . PUNCT issue-53 25 1 other other ADJ issue-53 25 2 factors factor NOUN issue-53 25 3 do do AUX issue-53 25 4 not not PART issue-53 25 5 actually actually ADV issue-53 25 6 have have VERB issue-53 25 7 such such DET issue-53 25 8 a a DET issue-53 25 9 fundamental fundamental ADJ issue-53 25 10 magnitude magnitude NOUN issue-53 25 11 and and CCONJ issue-53 25 12 are be AUX issue-53 25 13 only only ADV issue-53 25 14 the the DET issue-53 25 15 object object NOUN issue-53 25 16 of of ADP issue-53 25 17 separate separate ADJ issue-53 25 18 empirical empirical ADJ issue-53 25 19 tests test NOUN issue-53 25 20 . . PUNCT issue-53 26 1 moreover moreover ADV issue-53 26 2 , , PUNCT issue-53 26 3 some some DET issue-53 26 4 empirical empirical ADJ issue-53 26 5 tests test NOUN issue-53 26 6 suggest suggest VERB issue-53 26 7 individual individual ADJ issue-53 26 8 factors factor NOUN issue-53 26 9 that that PRON issue-53 26 10 are be AUX issue-53 26 11 unique unique ADJ issue-53 26 12 for for ADP issue-53 26 13 only only ADV issue-53 26 14 certain certain ADJ issue-53 26 15 mnes mne NOUN issue-53 26 16 under under ADP issue-53 26 17 certain certain ADJ issue-53 26 18 conditions condition NOUN issue-53 26 19 and and CCONJ issue-53 26 20 can can AUX issue-53 26 21 not not PART issue-53 26 22 be be AUX issue-53 26 23 applied apply VERB issue-53 26 24 all all DET issue-53 26 25 others other NOUN issue-53 26 26 not not PART issue-53 26 27 equal equal ADJ issue-53 26 28 . . PUNCT issue-53 27 1 the the DET issue-53 27 2 most most ADV issue-53 27 3 common common ADJ issue-53 27 4 approach approach NOUN issue-53 27 5 to to PART issue-53 27 6 investigate investigate VERB issue-53 27 7 capital capital NOUN issue-53 27 8 structure structure NOUN issue-53 27 9 influencing influence VERB issue-53 27 10 factors factor NOUN issue-53 27 11 is be AUX issue-53 27 12 to to PART issue-53 27 13 distinguish distinguish VERB issue-53 27 14 between between ADP issue-53 27 15 firm firm ADJ issue-53 27 16 specific specific ADJ issue-53 27 17 and and CCONJ issue-53 27 18 country country NOUN issue-53 27 19 specific specific ADJ issue-53 27 20 factors factor NOUN issue-53 27 21 . . PUNCT issue-53 28 1 firm firm ADJ issue-53 28 2 specific specific ADJ issue-53 28 3 factors factor NOUN issue-53 28 4 influence influence VERB issue-53 28 5 the the DET issue-53 28 6 capital capital NOUN issue-53 28 7 structure structure NOUN issue-53 28 8 on on ADP issue-53 28 9 the the DET issue-53 28 10 level level NOUN issue-53 28 11 of of ADP issue-53 28 12 a a DET issue-53 28 13 corporation corporation NOUN issue-53 28 14 and and CCONJ issue-53 28 15 are be AUX issue-53 28 16 internal internal ADJ issue-53 28 17 in in ADP issue-53 28 18 this this DET issue-53 28 19 sense sense NOUN issue-53 28 20 . . PUNCT issue-53 29 1 they they PRON issue-53 29 2 are be AUX issue-53 29 3 often often ADV issue-53 29 4 of of ADP issue-53 29 5 microeconomic microeconomic ADJ issue-53 29 6 origin origin NOUN issue-53 29 7 . . PUNCT issue-53 30 1 country country NOUN issue-53 30 2 specific specific ADJ issue-53 30 3 factors factor NOUN issue-53 30 4 appear appear VERB issue-53 30 5 on on ADP issue-53 30 6 a a DET issue-53 30 7 country country NOUN issue-53 30 8 level level NOUN issue-53 30 9 and and CCONJ issue-53 30 10 are be AUX issue-53 30 11 independent independent ADJ issue-53 30 12 on on ADP issue-53 30 13 a a DET issue-53 30 14 corporation corporation NOUN issue-53 30 15 itself itself PRON issue-53 30 16 . . PUNCT issue-53 31 1 in in ADP issue-53 31 2 these these DET issue-53 31 3 terms term NOUN issue-53 31 4 , , PUNCT issue-53 31 5 they they PRON issue-53 31 6 are be AUX issue-53 31 7 regarded regard VERB issue-53 31 8 as as ADP issue-53 31 9 external external ADJ issue-53 31 10 factors factor NOUN issue-53 31 11 . . PUNCT issue-53 32 1 many many ADJ issue-53 32 2 of of ADP issue-53 32 3 them they PRON issue-53 32 4 are be AUX issue-53 32 5 actually actually ADV issue-53 32 6 traditional traditional ADJ issue-53 32 7 macroeconomic macroeconomic ADJ issue-53 32 8 factors factor NOUN issue-53 32 9 . . PUNCT issue-53 33 1 however however ADV issue-53 33 2 , , PUNCT issue-53 33 3 another another DET issue-53 33 4 significant significant ADJ issue-53 33 5 issue issue NOUN issue-53 33 6 underlies underlie VERB issue-53 33 7 the the DET issue-53 33 8 research research NOUN issue-53 33 9 of of ADP issue-53 33 10 mne mne PROPN issue-53 33 11 capital capital NOUN issue-53 33 12 structure structure NOUN issue-53 33 13 . . PUNCT issue-53 34 1 depending depend VERB issue-53 34 2 on on ADP issue-53 34 3 the the DET issue-53 34 4 nature nature NOUN issue-53 34 5 of of ADP issue-53 34 6 their their PRON issue-53 34 7 influence influence NOUN issue-53 34 8 , , PUNCT issue-53 34 9 all all DET issue-53 34 10 capital capital NOUN issue-53 34 11 structure structure NOUN issue-53 34 12 factors factor NOUN issue-53 34 13 can can AUX issue-53 34 14 be be AUX issue-53 34 15 divided divide VERB issue-53 34 16 corresponding corresponding ADJ issue-53 34 17 author author NOUN issue-53 34 18 : : PUNCT issue-53 34 19 1 1 NUM issue-53 34 20 department department NOUN issue-53 34 21 of of ADP issue-53 34 22 international international ADJ issue-53 34 23 finance finance PROPN issue-53 34 24 , , PUNCT issue-53 34 25 institute institute NOUN issue-53 34 26 of of ADP issue-53 34 27 international international PROPN issue-53 34 28 relations relation NOUN issue-53 34 29 of of ADP issue-53 34 30 kyiv kyiv PROPN issue-53 34 31 national national ADJ issue-53 34 32 taras taras PROPN issue-53 34 33 shevchenko shevchenko PROPN issue-53 34 34 university university PROPN issue-53 34 35 . . PUNCT issue-53 35 1 e e X issue-53 35 2 - - NOUN issue-53 35 3 mail mail NOUN issue-53 35 4 : : PUNCT issue-53 35 5 s_tsyganov@ukr.net s_tsyganov@ukr.net NOUN issue-53 35 6 2 2 NUM issue-53 35 7 department department NOUN issue-53 35 8 of of ADP issue-53 35 9 international international ADJ issue-53 35 10 finance finance PROPN issue-53 35 11 , , PUNCT issue-53 35 12 institute institute NOUN issue-53 35 13 of of ADP issue-53 35 14 international international PROPN issue-53 35 15 relations relation NOUN issue-53 35 16 of of ADP issue-53 35 17 kyiv kyiv PROPN issue-53 35 18 national national ADJ issue-53 35 19 taras taras PROPN issue-53 35 20 shevchenko shevchenko PROPN issue-53 35 21 university university PROPN issue-53 35 22 . . PUNCT issue-53 36 1 e e X issue-53 36 2 - - NOUN issue-53 36 3 mail mail NOUN issue-53 36 4 : : PUNCT issue-53 36 5 olga.zalisko@gmail.com olga.zalisko@gmail.com X issue-53 36 6 baltic baltic PROPN issue-53 36 7 journal journal PROPN issue-53 36 8 of of ADP issue-53 36 9 economic economic ADJ issue-53 36 10 studies study NOUN issue-53 36 11 155 155 NUM issue-53 36 12 vol vol NOUN issue-53 36 13 . . PROPN issue-53 37 1 1 1 NUM issue-53 37 2 , , PUNCT issue-53 37 3 no no INTJ issue-53 37 4 . . NOUN issue-53 37 5 2 2 NUM issue-53 37 6 , , PUNCT issue-53 37 7 2015 2015 NUM issue-53 37 8 into into ADP issue-53 37 9 two two NUM issue-53 37 10 groups group NOUN issue-53 37 11 : : PUNCT issue-53 37 12 demand demand NOUN issue-53 37 13 and and CCONJ issue-53 37 14 supply supply NOUN issue-53 37 15 factors factor NOUN issue-53 37 16 and and CCONJ issue-53 37 17 this this DET issue-53 37 18 issue issue NOUN issue-53 37 19 is be AUX issue-53 37 20 paid pay VERB issue-53 37 21 little little ADJ issue-53 37 22 attention attention NOUN issue-53 37 23 to to ADP issue-53 37 24 in in ADP issue-53 37 25 the the DET issue-53 37 26 literature literature NOUN issue-53 37 27 nowadays nowadays ADV issue-53 37 28 . . PUNCT issue-53 38 1 the the DET issue-53 38 2 core core ADJ issue-53 38 3 goal goal NOUN issue-53 38 4 of of ADP issue-53 38 5 the the DET issue-53 38 6 present present ADJ issue-53 38 7 paper paper NOUN issue-53 38 8 is be AUX issue-53 38 9 to to PART issue-53 38 10 investigate investigate VERB issue-53 38 11 main main ADJ issue-53 38 12 factors factor NOUN issue-53 38 13 of of ADP issue-53 38 14 corporate corporate ADJ issue-53 38 15 capital capital NOUN issue-53 38 16 structure structure NOUN issue-53 38 17 specific specific ADJ issue-53 38 18 for for ADP issue-53 38 19 mne mne PROPN issue-53 38 20 rather rather ADV issue-53 38 21 than than ADP issue-53 38 22 to to ADP issue-53 38 23 domestic domestic ADJ issue-53 38 24 corporations corporation NOUN issue-53 38 25 in in ADP issue-53 38 26 terms term NOUN issue-53 38 27 of of ADP issue-53 38 28 funding funding NOUN issue-53 38 29 demand demand NOUN issue-53 38 30 and and CCONJ issue-53 38 31 supply supply NOUN issue-53 38 32 . . PUNCT issue-53 39 1 this this DET issue-53 39 2 problem problem NOUN issue-53 39 3 is be AUX issue-53 39 4 of of ADP issue-53 39 5 a a DET issue-53 39 6 crucial crucial ADJ issue-53 39 7 importance importance NOUN issue-53 39 8 considering consider VERB issue-53 39 9 two two NUM issue-53 39 10 main main ADJ issue-53 39 11 issues issue NOUN issue-53 39 12 . . PUNCT issue-53 40 1 first first ADV issue-53 40 2 , , PUNCT issue-53 40 3 any any DET issue-53 40 4 market market NOUN issue-53 40 5 force force NOUN issue-53 40 6 driven drive VERB issue-53 40 7 with with ADP issue-53 40 8 demand demand NOUN issue-53 40 9 or or CCONJ issue-53 40 10 supply supply NOUN issue-53 40 11 is be AUX issue-53 40 12 of of ADP issue-53 40 13 a a DET issue-53 40 14 different different ADJ issue-53 40 15 nature nature NOUN issue-53 40 16 . . PUNCT issue-53 41 1 the the DET issue-53 41 2 order order NOUN issue-53 41 3 , , PUNCT issue-53 41 4 direction direction NOUN issue-53 41 5 and and CCONJ issue-53 41 6 what what PRON issue-53 41 7 is be AUX issue-53 41 8 even even ADV issue-53 41 9 more more ADV issue-53 41 10 important important ADJ issue-53 41 11 the the DET issue-53 41 12 pattern pattern NOUN issue-53 41 13 of of ADP issue-53 41 14 their their PRON issue-53 41 15 influence influence NOUN issue-53 41 16 on on ADP issue-53 41 17 mne mne PROPN issue-53 41 18 capital capital NOUN issue-53 41 19 structure structure NOUN issue-53 41 20 differ differ VERB issue-53 41 21 significantly significantly ADV issue-53 41 22 . . PUNCT issue-53 42 1 second second ADJ issue-53 42 2 , , PUNCT issue-53 42 3 demand demand NOUN issue-53 42 4 and and CCONJ issue-53 42 5 supply supply NOUN issue-53 42 6 nature nature NOUN issue-53 42 7 of of ADP issue-53 42 8 mne mne PROPN issue-53 42 9 capital capital NOUN issue-53 42 10 structure structure NOUN issue-53 42 11 formation formation NOUN issue-53 42 12 will will AUX issue-53 42 13 help help VERB issue-53 42 14 better well ADV issue-53 42 15 understanding understand VERB issue-53 42 16 the the DET issue-53 42 17 problem problem NOUN issue-53 42 18 core core NOUN issue-53 42 19 idea idea NOUN issue-53 42 20 and and CCONJ issue-53 42 21 its its PRON issue-53 42 22 main main ADJ issue-53 42 23 crucial crucial ADJ issue-53 42 24 points point NOUN issue-53 42 25 . . PUNCT issue-53 43 1 this this DET issue-53 43 2 criterion criterion NOUN issue-53 43 3 is be AUX issue-53 43 4 actually actually ADV issue-53 43 5 the the DET issue-53 43 6 primary primary ADJ issue-53 43 7 one one NOUN issue-53 43 8 in in ADP issue-53 43 9 view view NOUN issue-53 43 10 of of ADP issue-53 43 11 main main ADJ issue-53 43 12 macro macro NOUN issue-53 43 13 and and CCONJ issue-53 43 14 microeconomic microeconomic ADJ issue-53 43 15 theories theory NOUN issue-53 43 16 . . PUNCT issue-53 44 1 moreover moreover ADV issue-53 44 2 , , PUNCT issue-53 44 3 we we PRON issue-53 44 4 aim aim VERB issue-53 44 5 to to PART issue-53 44 6 mark mark VERB issue-53 44 7 out out ADP issue-53 44 8 mne mne PROPN issue-53 44 9 specific specific ADJ issue-53 44 10 factors factor NOUN issue-53 44 11 and and CCONJ issue-53 44 12 to to PART issue-53 44 13 stress stress VERB issue-53 44 14 on on ADP issue-53 44 15 international international ADJ issue-53 44 16 specifics specific NOUN issue-53 44 17 of of ADP issue-53 44 18 capital capital NOUN issue-53 44 19 structure structure NOUN issue-53 44 20 formation formation NOUN issue-53 44 21 . . PUNCT issue-53 45 1 considering consider VERB issue-53 45 2 the the DET issue-53 45 3 above above ADJ issue-53 45 4 mentioned mention VERB issue-53 45 5 the the DET issue-53 45 6 pointed pointed ADJ issue-53 45 7 problem problem NOUN issue-53 45 8 appears appear VERB issue-53 45 9 to to PART issue-53 45 10 be be AUX issue-53 45 11 scientifically scientifically ADV issue-53 45 12 significant significant ADJ issue-53 45 13 and and CCONJ issue-53 45 14 practically practically ADV issue-53 45 15 important important ADJ issue-53 45 16 . . PUNCT issue-53 46 1 its its PRON issue-53 46 2 relevancy relevancy NOUN issue-53 46 3 also also ADV issue-53 46 4 corresponds correspond VERB issue-53 46 5 with with ADP issue-53 46 6 current current ADJ issue-53 46 7 processes process NOUN issue-53 46 8 and and CCONJ issue-53 46 9 trends trend NOUN issue-53 46 10 in in ADP issue-53 46 11 a a DET issue-53 46 12 global global ADJ issue-53 46 13 economy economy NOUN issue-53 46 14 where where SCONJ issue-53 46 15 mnes mne NOUN issue-53 46 16 have have AUX issue-53 46 17 become become VERB issue-53 46 18 the the DET issue-53 46 19 key key ADJ issue-53 46 20 actors actor NOUN issue-53 46 21 and and CCONJ issue-53 46 22 their their PRON issue-53 46 23 transactions transaction NOUN issue-53 46 24 can can AUX issue-53 46 25 hardly hardly ADV issue-53 46 26 be be AUX issue-53 46 27 overestimated overestimate VERB issue-53 46 28 in in ADP issue-53 46 29 terms term NOUN issue-53 46 30 of of ADP issue-53 46 31 their their PRON issue-53 46 32 volumes volume NOUN issue-53 46 33 and and CCONJ issue-53 46 34 influence influence NOUN issue-53 46 35 on on ADP issue-53 46 36 business business NOUN issue-53 46 37 and and CCONJ issue-53 46 38 finance finance NOUN issue-53 46 39 . . PUNCT issue-53 47 1 mne mne PROPN issue-53 47 2 move move VERB issue-53 47 3 huge huge ADJ issue-53 47 4 financial financial ADJ issue-53 47 5 resources resource NOUN issue-53 47 6 between between ADP issue-53 47 7 their their PRON issue-53 47 8 affiliates affiliate NOUN issue-53 47 9 located locate VERB issue-53 47 10 in in ADP issue-53 47 11 many many ADJ issue-53 47 12 countries country NOUN issue-53 47 13 throughout throughout ADP issue-53 47 14 the the DET issue-53 47 15 world world NOUN issue-53 47 16 thus thus ADV issue-53 47 17 making make VERB issue-53 47 18 their their PRON issue-53 47 19 network network NOUN issue-53 47 20 global global ADJ issue-53 47 21 , , PUNCT issue-53 47 22 on on ADP issue-53 47 23 the the DET issue-53 47 24 one one NUM issue-53 47 25 hand hand NOUN issue-53 47 26 . . PUNCT issue-53 48 1 on on ADP issue-53 48 2 the the DET issue-53 48 3 other other ADJ issue-53 48 4 hand hand NOUN issue-53 48 5 , , PUNCT issue-53 48 6 all all DET issue-53 48 7 these these DET issue-53 48 8 transactions transaction NOUN issue-53 48 9 are be AUX issue-53 48 10 internal internal ADJ issue-53 48 11 from from ADP issue-53 48 12 corporate corporate ADJ issue-53 48 13 point point NOUN issue-53 48 14 of of ADP issue-53 48 15 view view NOUN issue-53 48 16 and and CCONJ issue-53 48 17 this this PRON issue-53 48 18 is be AUX issue-53 48 19 what what PRON issue-53 48 20 makes make VERB issue-53 48 21 global global ADJ issue-53 48 22 markets market NOUN issue-53 48 23 of of ADP issue-53 48 24 such such ADJ issue-53 48 25 funding funding NOUN issue-53 48 26 internal internal ADJ issue-53 48 27 for for ADP issue-53 48 28 mnes mne NOUN issue-53 48 29 dithering dither VERB issue-53 48 30 geographic geographic ADJ issue-53 48 31 borders border NOUN issue-53 48 32 . . PUNCT issue-53 49 1 2 2 X issue-53 49 2 . . X issue-53 49 3 literature literature NOUN issue-53 49 4 review review VERB issue-53 49 5 the the DET issue-53 49 6 mne mne PROPN issue-53 49 7 capital capital NOUN issue-53 49 8 structure structure NOUN issue-53 49 9 problem problem NOUN issue-53 49 10 has have AUX issue-53 49 11 been be AUX issue-53 49 12 widely widely ADV issue-53 49 13 explored explore VERB issue-53 49 14 in in ADP issue-53 49 15 contemporary contemporary ADJ issue-53 49 16 scientific scientific ADJ issue-53 49 17 literature literature NOUN issue-53 49 18 . . PUNCT issue-53 50 1 all all PRON issue-53 50 2 in in ADP issue-53 50 3 all all DET issue-53 50 4 this this DET issue-53 50 5 great great ADJ issue-53 50 6 pile pile NOUN issue-53 50 7 of of ADP issue-53 50 8 scientific scientific ADJ issue-53 50 9 works work NOUN issue-53 50 10 can can AUX issue-53 50 11 be be AUX issue-53 50 12 divided divide VERB issue-53 50 13 into into ADP issue-53 50 14 two two NUM issue-53 50 15 main main ADJ issue-53 50 16 parts part NOUN issue-53 50 17 . . PUNCT issue-53 51 1 the the DET issue-53 51 2 first first ADJ issue-53 51 3 one one NUM issue-53 51 4 deals deal NOUN issue-53 51 5 with with ADP issue-53 51 6 the the DET issue-53 51 7 problems problem NOUN issue-53 51 8 of of ADP issue-53 51 9 corporate corporate ADJ issue-53 51 10 financial financial ADJ issue-53 51 11 leverage leverage NOUN issue-53 51 12 in in ADP issue-53 51 13 the the DET issue-53 51 14 sense sense NOUN issue-53 51 15 of of ADP issue-53 51 16 an an DET issue-53 51 17 economic economic ADJ issue-53 51 18 effect effect NOUN issue-53 51 19 produced produce VERB issue-53 51 20 by by ADP issue-53 51 21 debt debt NOUN issue-53 51 22 financing financing NOUN issue-53 51 23 on on ADP issue-53 51 24 corporate corporate ADJ issue-53 51 25 financial financial ADJ issue-53 51 26 efficiency efficiency NOUN issue-53 51 27 . . PUNCT issue-53 52 1 this this DET issue-53 52 2 group group NOUN issue-53 52 3 of of ADP issue-53 52 4 scientific scientific ADJ issue-53 52 5 research research NOUN issue-53 52 6 is be AUX issue-53 52 7 represented represent VERB issue-53 52 8 with with ADP issue-53 52 9 a a DET issue-53 52 10 number number NOUN issue-53 52 11 of of ADP issue-53 52 12 traditional traditional ADJ issue-53 52 13 theories theory NOUN issue-53 52 14 of of ADP issue-53 52 15 corporate corporate ADJ issue-53 52 16 capital capital NOUN issue-53 52 17 structure structure NOUN issue-53 52 18 , , PUNCT issue-53 52 19 particularly particularly ADV issue-53 52 20 the the DET issue-53 52 21 dominating dominate VERB issue-53 52 22 miller miller NOUN issue-53 52 23 - - PUNCT issue-53 52 24 modigliani modigliani ADJ issue-53 52 25 paradigm paradigm NOUN issue-53 52 26 ( ( PUNCT issue-53 52 27 modigliani modigliani PROPN issue-53 52 28 and and CCONJ issue-53 52 29 miller miller PROPN issue-53 52 30 , , PUNCT issue-53 52 31 1958 1958 NUM issue-53 52 32 ) ) PUNCT issue-53 52 33 . . PUNCT issue-53 53 1 this this DET issue-53 53 2 theory theory NOUN issue-53 53 3 states state VERB issue-53 53 4 that that SCONJ issue-53 53 5 a a DET issue-53 53 6 corporation corporation NOUN issue-53 53 7 market market NOUN issue-53 53 8 value value NOUN issue-53 53 9 is be AUX issue-53 53 10 higher high ADJ issue-53 53 11 when when SCONJ issue-53 53 12 it it PRON issue-53 53 13 uses use VERB issue-53 53 14 debt debt NOUN issue-53 53 15 and and CCONJ issue-53 53 16 equity equity NOUN issue-53 53 17 than than ADP issue-53 53 18 when when SCONJ issue-53 53 19 it it PRON issue-53 53 20 uses use VERB issue-53 53 21 only only ADV issue-53 53 22 shareholders shareholder NOUN issue-53 53 23 capital capital NOUN issue-53 53 24 . . PUNCT issue-53 54 1 this this PRON issue-53 54 2 is be AUX issue-53 54 3 due due ADJ issue-53 54 4 to to ADP issue-53 54 5 a a DET issue-53 54 6 tax tax NOUN issue-53 54 7 shield shield NOUN issue-53 54 8 which which PRON issue-53 54 9 implies imply VERB issue-53 54 10 that that SCONJ issue-53 54 11 a a DET issue-53 54 12 firm firm NOUN issue-53 54 13 can can AUX issue-53 54 14 cut cut VERB issue-53 54 15 its its PRON issue-53 54 16 tax tax NOUN issue-53 54 17 expenses expense NOUN issue-53 54 18 by by ADP issue-53 54 19 using use VERB issue-53 54 20 debt debt NOUN issue-53 54 21 financing financing NOUN issue-53 54 22 in in ADP issue-53 54 23 its its PRON issue-53 54 24 capital capital NOUN issue-53 54 25 structure structure NOUN issue-53 54 26 . . PUNCT issue-53 55 1 this this PRON issue-53 55 2 is be AUX issue-53 55 3 because because SCONJ issue-53 55 4 interest interest NOUN issue-53 55 5 can can AUX issue-53 55 6 be be AUX issue-53 55 7 deducted deduct VERB issue-53 55 8 and and CCONJ issue-53 55 9 excluded exclude VERB issue-53 55 10 from from ADP issue-53 55 11 corporate corporate ADJ issue-53 55 12 taxable taxable ADJ issue-53 55 13 income income NOUN issue-53 55 14 . . PUNCT issue-53 56 1 traditional traditional ADJ issue-53 56 2 approach approach NOUN issue-53 56 3 to to ADP issue-53 56 4 corporate corporate ADJ issue-53 56 5 capital capital NOUN issue-53 56 6 structure structure NOUN issue-53 56 7 considers consider VERB issue-53 56 8 the the DET issue-53 56 9 influence influence NOUN issue-53 56 10 of of ADP issue-53 56 11 capital capital NOUN issue-53 56 12 structure structure NOUN issue-53 56 13 on on ADP issue-53 56 14 corporate corporate ADJ issue-53 56 15 weighted weight VERB issue-53 56 16 average average ADJ issue-53 56 17 cost cost NOUN issue-53 56 18 of of ADP issue-53 56 19 capital capital NOUN issue-53 56 20 ( ( PUNCT issue-53 56 21 wacc wacc PROPN issue-53 56 22 ) ) PUNCT issue-53 56 23 and and CCONJ issue-53 56 24 its its PRON issue-53 56 25 market market NOUN issue-53 56 26 value value NOUN issue-53 56 27 . . PUNCT issue-53 57 1 it it PRON issue-53 57 2 primarily primarily ADV issue-53 57 3 states state VERB issue-53 57 4 that that SCONJ issue-53 57 5 optimal optimal ADJ issue-53 57 6 wacc wacc PROPN issue-53 57 7 can can AUX issue-53 57 8 be be AUX issue-53 57 9 reached reach VERB issue-53 57 10 at at ADP issue-53 57 11 the the DET issue-53 57 12 expense expense NOUN issue-53 57 13 of of ADP issue-53 57 14 maximizing maximize VERB issue-53 57 15 debt debt NOUN issue-53 57 16 financing financing NOUN issue-53 57 17 level level NOUN issue-53 57 18 until until ADP issue-53 57 19 certain certain ADJ issue-53 57 20 point point NOUN issue-53 57 21 after after ADP issue-53 57 22 which which PRON issue-53 57 23 wacc wacc NOUN issue-53 57 24 will will AUX issue-53 57 25 increase increase VERB issue-53 57 26 ( ( PUNCT issue-53 57 27 weston weston PROPN issue-53 57 28 , , PUNCT issue-53 57 29 1963 1963 NUM issue-53 57 30 ; ; PUNCT issue-53 57 31 solomon solomon PROPN issue-53 57 32 , , PUNCT issue-53 57 33 1963 1963 NUM issue-53 57 34 ) ) PUNCT issue-53 57 35 . . PUNCT issue-53 58 1 the the DET issue-53 58 2 mentioned mention VERB issue-53 58 3 theories theory NOUN issue-53 58 4 imply imply VERB issue-53 58 5 static static ADJ issue-53 58 6 capital capital NOUN issue-53 58 7 structure structure NOUN issue-53 58 8 that that PRON issue-53 58 9 does do AUX issue-53 58 10 not not PART issue-53 58 11 change change VERB issue-53 58 12 but but CCONJ issue-53 58 13 instead instead ADV issue-53 58 14 affects affect VERB issue-53 58 15 other other ADJ issue-53 58 16 corporate corporate ADJ issue-53 58 17 ratios ratio NOUN issue-53 58 18 , , PUNCT issue-53 58 19 market market NOUN issue-53 58 20 and and CCONJ issue-53 58 21 financial financial ADJ issue-53 58 22 efficiency efficiency NOUN issue-53 58 23 as as ADP issue-53 58 24 a a DET issue-53 58 25 whole whole NOUN issue-53 58 26 . . PUNCT issue-53 59 1 however however ADV issue-53 59 2 , , PUNCT issue-53 59 3 the the DET issue-53 59 4 second second ADJ issue-53 59 5 group group NOUN issue-53 59 6 of of ADP issue-53 59 7 theories theory NOUN issue-53 59 8 implies imply VERB issue-53 59 9 dynamic dynamic ADJ issue-53 59 10 capital capital NOUN issue-53 59 11 structure structure NOUN issue-53 59 12 that that PRON issue-53 59 13 is be AUX issue-53 59 14 influenced influence VERB issue-53 59 15 with with ADP issue-53 59 16 specific specific ADJ issue-53 59 17 factors factor NOUN issue-53 59 18 . . PUNCT issue-53 60 1 this this PRON issue-53 60 2 is be AUX issue-53 60 3 what what PRON issue-53 60 4 actually actually ADV issue-53 60 5 our our PRON issue-53 60 6 paper paper NOUN issue-53 60 7 deals deal VERB issue-53 60 8 with with ADP issue-53 60 9 . . PUNCT issue-53 61 1 in in ADP issue-53 61 2 mainstream mainstream NOUN issue-53 61 3 of of ADP issue-53 61 4 dominating dominating NOUN issue-53 61 5 paradigm paradigm NOUN issue-53 61 6 , , PUNCT issue-53 61 7 this this DET issue-53 61 8 group group NOUN issue-53 61 9 is be AUX issue-53 61 10 uppermost uppermost ADV issue-53 61 11 represented represent VERB issue-53 61 12 by by ADP issue-53 61 13 the the DET issue-53 61 14 third third ADJ issue-53 61 15 part part NOUN issue-53 61 16 of of ADP issue-53 61 17 modigliani modigliani PROPN issue-53 61 18 & & CCONJ issue-53 61 19 miller miller PROPN issue-53 61 20 theory theory NOUN issue-53 61 21 that that SCONJ issue-53 61 22 along along ADP issue-53 61 23 with with ADP issue-53 61 24 corporate corporate ADJ issue-53 61 25 income income NOUN issue-53 61 26 taxes taxis NOUN issue-53 61 27 considers consider VERB issue-53 61 28 personal personal ADJ issue-53 61 29 taxes taxis NOUN issue-53 61 30 as as ADV issue-53 61 31 well well ADV issue-53 61 32 . . PUNCT issue-53 62 1 this this DET issue-53 62 2 miller miller PROPN issue-53 62 3 theory theory NOUN issue-53 62 4 affirms affirm VERB issue-53 62 5 that that SCONJ issue-53 62 6 the the DET issue-53 62 7 average average ADJ issue-53 62 8 level level NOUN issue-53 62 9 of of ADP issue-53 62 10 taxation taxation NOUN issue-53 62 11 is be AUX issue-53 62 12 lower low ADJ issue-53 62 13 for for ADP issue-53 62 14 dividend dividend NOUN issue-53 62 15 income income NOUN issue-53 62 16 than than ADP issue-53 62 17 for for ADP issue-53 62 18 interest interest NOUN issue-53 62 19 profit profit NOUN issue-53 62 20 and and CCONJ issue-53 62 21 that that PRON issue-53 62 22 is be AUX issue-53 62 23 why why SCONJ issue-53 62 24 investors investor NOUN issue-53 62 25 prefer prefer VERB issue-53 62 26 investing invest VERB issue-53 62 27 in in ADP issue-53 62 28 stocks stock NOUN issue-53 62 29 rather rather ADV issue-53 62 30 than than ADP issue-53 62 31 in in ADP issue-53 62 32 bonds bond NOUN issue-53 62 33 ( ( PUNCT issue-53 62 34 miller miller PROPN issue-53 62 35 , , PUNCT issue-53 62 36 1977 1977 NUM issue-53 62 37 ) ) PUNCT issue-53 62 38 . . PUNCT issue-53 63 1 this this DET issue-53 63 2 motivation motivation NOUN issue-53 63 3 moves move VERB issue-53 63 4 corporate corporate ADJ issue-53 63 5 capital capital NOUN issue-53 63 6 structure structure NOUN issue-53 63 7 towards towards ADP issue-53 63 8 equity equity NOUN issue-53 63 9 capital capital NOUN issue-53 63 10 . . PUNCT issue-53 64 1 the the DET issue-53 64 2 pecking pecking NOUN issue-53 64 3 order order NOUN issue-53 64 4 theory theory NOUN issue-53 64 5 affirms affirm VERB issue-53 64 6 that that SCONJ issue-53 64 7 a a DET issue-53 64 8 corporation corporation NOUN issue-53 64 9 should should AUX issue-53 64 10 attract attract VERB issue-53 64 11 financial financial ADJ issue-53 64 12 resources resource NOUN issue-53 64 13 in in ADP issue-53 64 14 compliance compliance NOUN issue-53 64 15 with with ADP issue-53 64 16 certain certain ADJ issue-53 64 17 hierarchy hierarchy NOUN issue-53 64 18 : : PUNCT issue-53 64 19 internal internal ADJ issue-53 64 20 funds fund NOUN issue-53 64 21 or or CCONJ issue-53 64 22 reinvestments reinvestment NOUN issue-53 64 23 , , PUNCT issue-53 64 24 debt debt NOUN issue-53 64 25 capital capital NOUN issue-53 64 26 and and CCONJ issue-53 64 27 then then ADV issue-53 64 28 new new ADJ issue-53 64 29 equity equity NOUN issue-53 64 30 ( ( PUNCT issue-53 64 31 myers myer NOUN issue-53 64 32 and and CCONJ issue-53 64 33 majluf majluf NOUN issue-53 64 34 , , PUNCT issue-53 64 35 1984 1984 NUM issue-53 64 36 ) ) PUNCT issue-53 64 37 . . PUNCT issue-53 65 1 it it PRON issue-53 65 2 considers consider VERB issue-53 65 3 new new ADJ issue-53 65 4 equities equity NOUN issue-53 65 5 to to PART issue-53 65 6 be be AUX issue-53 65 7 issued issue VERB issue-53 65 8 when when SCONJ issue-53 65 9 they they PRON issue-53 65 10 are be AUX issue-53 65 11 overvalued overvalue VERB issue-53 65 12 in in ADP issue-53 65 13 the the DET issue-53 65 14 market market NOUN issue-53 65 15 . . PUNCT issue-53 66 1 this this PRON issue-53 66 2 will will AUX issue-53 66 3 facilitate facilitate VERB issue-53 66 4 attracting attract VERB issue-53 66 5 more more ADJ issue-53 66 6 financing financing NOUN issue-53 66 7 . . PUNCT issue-53 67 1 agency agency NOUN issue-53 67 2 theory theory NOUN issue-53 67 3 implies imply VERB issue-53 67 4 that that SCONJ issue-53 67 5 managers manager NOUN issue-53 67 6 do do AUX issue-53 67 7 not not PART issue-53 67 8 always always ADV issue-53 67 9 act act VERB issue-53 67 10 for for ADP issue-53 67 11 benefit benefit NOUN issue-53 67 12 of of ADP issue-53 67 13 shareholders shareholder NOUN issue-53 67 14 and and CCONJ issue-53 67 15 creditors creditor NOUN issue-53 67 16 ( ( PUNCT issue-53 67 17 jensen jensen PROPN issue-53 67 18 and and CCONJ issue-53 67 19 meckling meckling NOUN issue-53 67 20 , , PUNCT issue-53 67 21 1976 1976 NUM issue-53 67 22 ) ) PUNCT issue-53 67 23 . . PUNCT issue-53 68 1 the the DET issue-53 68 2 activity activity NOUN issue-53 68 3 of of ADP issue-53 68 4 top top ADJ issue-53 68 5 managers manager NOUN issue-53 68 6 should should AUX issue-53 68 7 be be AUX issue-53 68 8 controlled control VERB issue-53 68 9 that that PRON issue-53 68 10 is be AUX issue-53 68 11 associated associate VERB issue-53 68 12 with with ADP issue-53 68 13 extra extra ADJ issue-53 68 14 costs cost NOUN issue-53 68 15 and and CCONJ issue-53 68 16 agency agency NOUN issue-53 68 17 expenses expense NOUN issue-53 68 18 that that PRON issue-53 68 19 are be AUX issue-53 68 20 finally finally ADV issue-53 68 21 bared bare VERB issue-53 68 22 by by ADP issue-53 68 23 shareholders shareholder NOUN issue-53 68 24 . . PUNCT issue-53 69 1 this this DET issue-53 69 2 point point NOUN issue-53 69 3 explains explain VERB issue-53 69 4 why why SCONJ issue-53 69 5 corporate corporate ADJ issue-53 69 6 capital capital NOUN issue-53 69 7 structure structure NOUN issue-53 69 8 is be AUX issue-53 69 9 gravitated gravitate VERB issue-53 69 10 towards towards ADP issue-53 69 11 equity equity NOUN issue-53 69 12 rather rather ADV issue-53 69 13 than than ADP issue-53 69 14 debt debt NOUN issue-53 69 15 . . PUNCT issue-53 70 1 the the DET issue-53 70 2 theory theory NOUN issue-53 70 3 of of ADP issue-53 70 4 asymmetric asymmetric ADJ issue-53 70 5 information information NOUN issue-53 70 6 of of ADP issue-53 70 7 signaling signal VERB issue-53 70 8 theory theory NOUN issue-53 70 9 assumes assume VERB issue-53 70 10 that that SCONJ issue-53 70 11 corporate corporate ADJ issue-53 70 12 managers manager NOUN issue-53 70 13 have have VERB issue-53 70 14 insider insider NOUN issue-53 70 15 information information NOUN issue-53 70 16 and and CCONJ issue-53 70 17 use use VERB issue-53 70 18 it it PRON issue-53 70 19 ( ( PUNCT issue-53 70 20 ross ross PROPN issue-53 70 21 , , PUNCT issue-53 70 22 1977 1977 NUM issue-53 70 23 ) ) PUNCT issue-53 70 24 . . PUNCT issue-53 71 1 all all DET issue-53 71 2 others other NOUN issue-53 71 3 equal equal VERB issue-53 71 4 positive positive ADJ issue-53 71 5 prospects prospect NOUN issue-53 71 6 of of ADP issue-53 71 7 corporation corporation NOUN issue-53 71 8 development development NOUN issue-53 71 9 are be AUX issue-53 71 10 attributed attribute VERB issue-53 71 11 to to ADP issue-53 71 12 new new ADJ issue-53 71 13 debt debt NOUN issue-53 71 14 issue issue NOUN issue-53 71 15 because because SCONJ issue-53 71 16 managers manager NOUN issue-53 71 17 do do AUX issue-53 71 18 not not PART issue-53 71 19 want want VERB issue-53 71 20 to to PART issue-53 71 21 share share VERB issue-53 71 22 future future ADJ issue-53 71 23 profits profit NOUN issue-53 71 24 with with ADP issue-53 71 25 the the DET issue-53 71 26 large large ADJ issue-53 71 27 number number NOUN issue-53 71 28 of of ADP issue-53 71 29 shareholders shareholder NOUN issue-53 71 30 . . PUNCT issue-53 72 1 market market NOUN issue-53 72 2 perceives perceive VERB issue-53 72 3 this this PRON issue-53 72 4 as as ADP issue-53 72 5 a a DET issue-53 72 6 signal signal NOUN issue-53 72 7 and and CCONJ issue-53 72 8 responds respond VERB issue-53 72 9 with with ADP issue-53 72 10 increasing increase VERB issue-53 72 11 the the DET issue-53 72 12 stocks stock NOUN issue-53 72 13 prices price NOUN issue-53 72 14 . . PUNCT issue-53 73 1 thus thus ADV issue-53 73 2 , , PUNCT issue-53 73 3 the the DET issue-53 73 4 capital capital NOUN issue-53 73 5 structure structure NOUN issue-53 73 6 is be AUX issue-53 73 7 likely likely ADJ issue-53 73 8 to to PART issue-53 73 9 be be AUX issue-53 73 10 in in ADP issue-53 73 11 favor favor NOUN issue-53 73 12 of of ADP issue-53 73 13 equity equity NOUN issue-53 73 14 capital capital NOUN issue-53 73 15 to to PART issue-53 73 16 ensure ensure VERB issue-53 73 17 certain certain ADJ issue-53 73 18 standby standby NOUN issue-53 73 19 for for ADP issue-53 73 20 additional additional ADJ issue-53 73 21 debt debt NOUN issue-53 73 22 issue issue NOUN issue-53 73 23 . . PUNCT issue-53 74 1 there there PRON issue-53 74 2 is be VERB issue-53 74 3 one one NUM issue-53 74 4 of of ADP issue-53 74 5 traditional traditional ADJ issue-53 74 6 theories theory NOUN issue-53 74 7 that that PRON issue-53 74 8 reconciles reconcile VERB issue-53 74 9 static static ADJ issue-53 74 10 and and CCONJ issue-53 74 11 dynamic dynamic ADJ issue-53 74 12 issues issue NOUN issue-53 74 13 of of ADP issue-53 74 14 corporate corporate ADJ issue-53 74 15 capital capital NOUN issue-53 74 16 structure structure NOUN issue-53 74 17 . . PUNCT issue-53 75 1 this this PRON issue-53 75 2 is be AUX issue-53 75 3 a a DET issue-53 75 4 trade trade NOUN issue-53 75 5 - - PUNCT issue-53 75 6 off off ADP issue-53 75 7 theory theory NOUN issue-53 75 8 which which PRON issue-53 75 9 states state VERB issue-53 75 10 that that SCONJ issue-53 75 11 capital capital NOUN issue-53 75 12 structure structure NOUN issue-53 75 13 is be AUX issue-53 75 14 influenced influence VERB issue-53 75 15 with with ADP issue-53 75 16 bankruptcy bankruptcy NOUN issue-53 75 17 costs cost NOUN issue-53 75 18 as as ADV issue-53 75 19 well well ADV issue-53 75 20 as as ADP issue-53 75 21 by by ADP issue-53 75 22 tax tax NOUN issue-53 75 23 shield shield NOUN issue-53 75 24 considerations consideration NOUN issue-53 75 25 in in ADP issue-53 75 26 the the DET issue-53 75 27 opposite opposite ADJ issue-53 75 28 way way NOUN issue-53 75 29 ( ( PUNCT issue-53 75 30 kraus kraus NOUN issue-53 75 31 and and CCONJ issue-53 75 32 litzenberger litzenberger NOUN issue-53 75 33 , , PUNCT issue-53 75 34 1973 1973 NUM issue-53 75 35 ) ) PUNCT issue-53 75 36 . . PUNCT issue-53 76 1 thus thus ADV issue-53 76 2 , , PUNCT issue-53 76 3 the the DET issue-53 76 4 trade trade NOUN issue-53 76 5 - - PUNCT issue-53 76 6 off off NOUN issue-53 76 7 between between ADP issue-53 76 8 them they PRON issue-53 76 9 should should AUX issue-53 76 10 be be AUX issue-53 76 11 found find VERB issue-53 76 12 and and CCONJ issue-53 76 13 that that PRON issue-53 76 14 would would AUX issue-53 76 15 be be AUX issue-53 76 16 an an DET issue-53 76 17 optimal optimal ADJ issue-53 76 18 capital capital NOUN issue-53 76 19 structure structure NOUN issue-53 76 20 . . PUNCT issue-53 77 1 the the DET issue-53 77 2 mentioned mention VERB issue-53 77 3 theories theory NOUN issue-53 77 4 have have AUX issue-53 77 5 actually actually ADV issue-53 77 6 provided provide VERB issue-53 77 7 a a DET issue-53 77 8 rather rather ADV issue-53 77 9 deep deep ADJ issue-53 77 10 insight insight NOUN issue-53 77 11 into into ADP issue-53 77 12 factors factor NOUN issue-53 77 13 influencing influence VERB issue-53 77 14 corporate corporate ADJ issue-53 77 15 capital capital NOUN issue-53 77 16 structure structure NOUN issue-53 77 17 though though SCONJ issue-53 77 18 there there PRON issue-53 77 19 is be VERB issue-53 77 20 a a DET issue-53 77 21 large large ADJ issue-53 77 22 portion portion NOUN issue-53 77 23 of of ADP issue-53 77 24 factors factor NOUN issue-53 77 25 not not PART issue-53 77 26 covered cover VERB issue-53 77 27 and and CCONJ issue-53 77 28 explored explore VERB issue-53 77 29 mostly mostly ADV issue-53 77 30 in in ADP issue-53 77 31 the the DET issue-53 77 32 framework framework NOUN issue-53 77 33 of of ADP issue-53 77 34 empirical empirical ADJ issue-53 77 35 research research NOUN issue-53 77 36 . . PUNCT issue-53 78 1 as as ADP issue-53 78 2 to to ADP issue-53 78 3 the the DET issue-53 78 4 latest late ADJ issue-53 78 5 research research NOUN issue-53 78 6 , , PUNCT issue-53 78 7 ( ( PUNCT issue-53 78 8 mokhova mokhova NOUN issue-53 78 9 and and CCONJ issue-53 78 10 zinecker zinecker PROPN issue-53 78 11 , , PUNCT issue-53 78 12 2014 2014 NUM issue-53 78 13 ) ) PUNCT issue-53 78 14 explored explore VERB issue-53 78 15 macroeconomic macroeconomic ADJ issue-53 78 16 factors factor NOUN issue-53 78 17 of of ADP issue-53 78 18 corporate corporate ADJ issue-53 78 19 capital capital NOUN issue-53 78 20 structure structure NOUN issue-53 78 21 that that PRON issue-53 78 22 are be AUX issue-53 78 23 actually actually ADV issue-53 78 24 related relate VERB issue-53 78 25 to to ADP issue-53 78 26 the the DET issue-53 78 27 country country NOUN issue-53 78 28 specific specific ADJ issue-53 78 29 group group NOUN issue-53 78 30 . . PUNCT issue-53 79 1 jõeveer jõeveer PROPN issue-53 79 2 , , PUNCT issue-53 79 3 2013 2013 NUM issue-53 79 4 explored explore VERB issue-53 79 5 both both DET issue-53 79 6 firm firm ADJ issue-53 79 7 specific specific ADJ issue-53 79 8 and and CCONJ issue-53 79 9 country country NOUN issue-53 79 10 specific specific ADJ issue-53 79 11 factors factor NOUN issue-53 79 12 of of ADP issue-53 79 13 capital capital NOUN issue-53 79 14 structure structure NOUN issue-53 79 15 for for ADP issue-53 79 16 corporation corporation NOUN issue-53 79 17 in in ADP issue-53 79 18 transition transition NOUN issue-53 79 19 economies economy NOUN issue-53 79 20 . . PUNCT issue-53 80 1 one one NUM issue-53 80 2 interesting interesting ADJ issue-53 80 3 point point NOUN issue-53 80 4 about about ADP issue-53 80 5 empirical empirical ADJ issue-53 80 6 studies study NOUN issue-53 80 7 results result NOUN issue-53 80 8 is be AUX issue-53 80 9 that that SCONJ issue-53 80 10 they they PRON issue-53 80 11 often often ADV issue-53 80 12 give give VERB issue-53 80 13 different different ADJ issue-53 80 14 and and CCONJ issue-53 80 15 sometimes sometimes ADV issue-53 80 16 opposite opposite ADJ issue-53 80 17 conclusions conclusion NOUN issue-53 80 18 . . PUNCT issue-53 81 1 for for ADP issue-53 81 2 instance instance NOUN issue-53 81 3 , , PUNCT issue-53 81 4 explaining explain VERB issue-53 81 5 capital capital NOUN issue-53 81 6 structure structure NOUN issue-53 81 7 from from ADP issue-53 81 8 the the DET issue-53 81 9 point point NOUN issue-53 81 10 of of ADP issue-53 81 11 view view NOUN issue-53 81 12 of of ADP issue-53 81 13 different different ADJ issue-53 81 14 approaches approach NOUN issue-53 81 15 particularly particularly ADV issue-53 81 16 trade trade NOUN issue-53 81 17 - - PUNCT issue-53 81 18 off off NOUN issue-53 81 19 , , PUNCT issue-53 81 20 agency agency NOUN issue-53 81 21 and and CCONJ issue-53 81 22 pecking pecking NOUN issue-53 81 23 order order NOUN issue-53 81 24 theories theory NOUN issue-53 81 25 produce produce VERB issue-53 81 26 quite quite ADV issue-53 81 27 different different ADJ issue-53 81 28 interpretations interpretation NOUN issue-53 81 29 . . PUNCT issue-53 82 1 thus thus ADV issue-53 82 2 , , PUNCT issue-53 82 3 these these DET issue-53 82 4 baltic baltic ADJ issue-53 82 5 journal journal NOUN issue-53 82 6 of of ADP issue-53 82 7 economic economic ADJ issue-53 82 8 studies study NOUN issue-53 82 9 156 156 NUM issue-53 82 10 vol vol NOUN issue-53 82 11 . . PROPN issue-53 83 1 1 1 NUM issue-53 83 2 , , PUNCT issue-53 83 3 no no INTJ issue-53 83 4 . . NOUN issue-53 83 5 2 2 NUM issue-53 83 6 , , PUNCT issue-53 83 7 2015 2015 NUM issue-53 83 8 approaches approach NOUN issue-53 83 9 appear appear VERB issue-53 83 10 to to PART issue-53 83 11 be be AUX issue-53 83 12 contradictory contradictory ADJ issue-53 83 13 in in ADP issue-53 83 14 many many ADJ issue-53 83 15 cases case NOUN issue-53 83 16 but but CCONJ issue-53 83 17 are be AUX issue-53 83 18 still still ADV issue-53 83 19 theoretically theoretically ADV issue-53 83 20 significant significant ADJ issue-53 83 21 and and CCONJ issue-53 83 22 meaningful meaningful ADJ issue-53 83 23 . . PUNCT issue-53 84 1 eventually eventually ADV issue-53 84 2 one one PRON issue-53 84 3 can can AUX issue-53 84 4 point point VERB issue-53 84 5 out out ADP issue-53 84 6 many many ADJ issue-53 84 7 influencing influence VERB issue-53 84 8 factors factor NOUN issue-53 84 9 with with ADP issue-53 84 10 some some PRON issue-53 84 11 of of ADP issue-53 84 12 them they PRON issue-53 84 13 being be AUX issue-53 84 14 specific specific ADJ issue-53 84 15 for for ADP issue-53 84 16 only only ADV issue-53 84 17 certain certain ADJ issue-53 84 18 mne mne PROPN issue-53 84 19 under under ADP issue-53 84 20 certain certain ADJ issue-53 84 21 conditions condition NOUN issue-53 84 22 . . PUNCT issue-53 85 1 in in ADP issue-53 85 2 our our PRON issue-53 85 3 study study NOUN issue-53 85 4 we we PRON issue-53 85 5 attempt attempt VERB issue-53 85 6 to to PART issue-53 85 7 explore explore VERB issue-53 85 8 most most ADJ issue-53 85 9 typical typical ADJ issue-53 85 10 factors factor NOUN issue-53 85 11 affecting affect VERB issue-53 85 12 corporate corporate ADJ issue-53 85 13 capital capital NOUN issue-53 85 14 structure structure NOUN issue-53 85 15 especially especially ADV issue-53 85 16 for for ADP issue-53 85 17 the the DET issue-53 85 18 case case NOUN issue-53 85 19 of of ADP issue-53 85 20 mnes mne NOUN issue-53 85 21 and and CCONJ issue-53 85 22 those those DET issue-53 85 23 ones one NOUN issue-53 85 24 mostly mostly ADV issue-53 85 25 covered cover VERB issue-53 85 26 by by ADP issue-53 85 27 the the DET issue-53 85 28 scientific scientific ADJ issue-53 85 29 literature literature NOUN issue-53 85 30 . . PUNCT issue-53 86 1 the the DET issue-53 86 2 distinctive distinctive ADJ issue-53 86 3 point point NOUN issue-53 86 4 of of ADP issue-53 86 5 our our PRON issue-53 86 6 approach approach NOUN issue-53 86 7 is be AUX issue-53 86 8 that that SCONJ issue-53 86 9 we we PRON issue-53 86 10 investigate investigate VERB issue-53 86 11 these these DET issue-53 86 12 factors factor NOUN issue-53 86 13 in in ADP issue-53 86 14 terms term NOUN issue-53 86 15 of of ADP issue-53 86 16 demand demand NOUN issue-53 86 17 for for ADP issue-53 86 18 funding funding NOUN issue-53 86 19 produced produce VERB issue-53 86 20 by by ADP issue-53 86 21 mnes mne NOUN issue-53 86 22 and and CCONJ issue-53 86 23 financial financial ADJ issue-53 86 24 resources resource NOUN issue-53 86 25 supply supply NOUN issue-53 86 26 produced produce VERB issue-53 86 27 by by ADP issue-53 86 28 investors investor NOUN issue-53 86 29 . . PUNCT issue-53 87 1 to to ADP issue-53 87 2 the the DET issue-53 87 3 best good ADJ issue-53 87 4 of of ADP issue-53 87 5 our our PRON issue-53 87 6 knowledge knowledge NOUN issue-53 87 7 , , PUNCT issue-53 87 8 this this DET issue-53 87 9 criterion criterion NOUN issue-53 87 10 is be AUX issue-53 87 11 seldom seldom ADV issue-53 87 12 used use VERB issue-53 87 13 in in ADP issue-53 87 14 contemporary contemporary ADJ issue-53 87 15 literature literature NOUN issue-53 87 16 and and CCONJ issue-53 87 17 if if SCONJ issue-53 87 18 so so ADV issue-53 87 19 only only ADJ issue-53 87 20 individual individual ADJ issue-53 87 21 factors factor NOUN issue-53 87 22 are be AUX issue-53 87 23 considered consider VERB issue-53 87 24 and and CCONJ issue-53 87 25 no no DET issue-53 87 26 general general ADJ issue-53 87 27 insight insight NOUN issue-53 87 28 is be AUX issue-53 87 29 presented present VERB issue-53 87 30 . . PUNCT issue-53 88 1 we we PRON issue-53 88 2 also also ADV issue-53 88 3 aim aim VERB issue-53 88 4 to to PART issue-53 88 5 stress stress VERB issue-53 88 6 on on ADP issue-53 88 7 mne mne PROPN issue-53 88 8 specific specific ADJ issue-53 88 9 factors factor NOUN issue-53 88 10 among among ADP issue-53 88 11 others other NOUN issue-53 88 12 typical typical ADJ issue-53 88 13 for for ADP issue-53 88 14 domestic domestic ADJ issue-53 88 15 corporations corporation NOUN issue-53 88 16 as as ADV issue-53 88 17 well well ADV issue-53 88 18 . . PUNCT issue-53 89 1 3 3 X issue-53 89 2 . . X issue-53 89 3 country country NOUN issue-53 89 4 specific specific ADJ issue-53 89 5 factors factor NOUN issue-53 89 6 political political ADJ issue-53 89 7 risk risk NOUN issue-53 89 8 is be AUX issue-53 89 9 a a DET issue-53 89 10 factor factor NOUN issue-53 89 11 that that PRON issue-53 89 12 substantially substantially ADV issue-53 89 13 affects affect VERB issue-53 89 14 not not PART issue-53 89 15 only only ADV issue-53 89 16 mne mne PROPN issue-53 89 17 and and CCONJ issue-53 89 18 affiliates affiliate VERB issue-53 89 19 capital capital NOUN issue-53 89 20 structure structure NOUN issue-53 89 21 but but CCONJ issue-53 89 22 also also ADV issue-53 89 23 corporate corporate ADJ issue-53 89 24 efficiency efficiency NOUN issue-53 89 25 in in ADP issue-53 89 26 general general ADJ issue-53 89 27 . . PUNCT issue-53 90 1 it it PRON issue-53 90 2 is be AUX issue-53 90 3 mostly mostly ADV issue-53 90 4 associated associate VERB issue-53 90 5 with with ADP issue-53 90 6 relatively relatively ADV issue-53 90 7 less less ADV issue-53 90 8 developed develop VERB issue-53 90 9 economies economy NOUN issue-53 90 10 . . PUNCT issue-53 91 1 this this DET issue-53 91 2 risk risk NOUN issue-53 91 3 can can AUX issue-53 91 4 appear appear VERB issue-53 91 5 in in ADP issue-53 91 6 unstable unstable ADJ issue-53 91 7 countries country NOUN issue-53 91 8 where where SCONJ issue-53 91 9 governments government NOUN issue-53 91 10 can can AUX issue-53 91 11 restrict restrict VERB issue-53 91 12 repatriation repatriation NOUN issue-53 91 13 , , PUNCT issue-53 91 14 dividends dividend NOUN issue-53 91 15 transfer transfer NOUN issue-53 91 16 , , PUNCT issue-53 91 17 block block NOUN issue-53 91 18 funds fund NOUN issue-53 91 19 etc etc X issue-53 91 20 . . X issue-53 91 21 political political ADJ issue-53 91 22 risk risk NOUN issue-53 91 23 can can AUX issue-53 91 24 be be AUX issue-53 91 25 of of ADP issue-53 91 26 a a DET issue-53 91 27 micro micro ADJ issue-53 91 28 and and CCONJ issue-53 91 29 macro macro ADJ issue-53 91 30 origin origin NOUN issue-53 91 31 . . PUNCT issue-53 92 1 macropolitical macropolitical ADJ issue-53 92 2 risk risk NOUN issue-53 92 3 concerns concern VERB issue-53 92 4 all all DET issue-53 92 5 corporations corporation NOUN issue-53 92 6 on on ADP issue-53 92 7 the the DET issue-53 92 8 territory territory NOUN issue-53 92 9 of of ADP issue-53 92 10 foreign foreign ADJ issue-53 92 11 country country NOUN issue-53 92 12 irrespective irrespective ADV issue-53 92 13 of of ADP issue-53 92 14 their their PRON issue-53 92 15 activity activity NOUN issue-53 92 16 . . PUNCT issue-53 93 1 it it PRON issue-53 93 2 implies imply VERB issue-53 93 3 possible possible ADJ issue-53 93 4 expropriation expropriation NOUN issue-53 93 5 of of ADP issue-53 93 6 ownership ownership NOUN issue-53 93 7 in in ADP issue-53 93 8 host host NOUN issue-53 93 9 country country NOUN issue-53 93 10 and and CCONJ issue-53 93 11 the the DET issue-53 93 12 appearance appearance NOUN issue-53 93 13 of of ADP issue-53 93 14 different different ADJ issue-53 93 15 ethnic ethnic ADJ issue-53 93 16 , , PUNCT issue-53 93 17 religious religious ADJ issue-53 93 18 , , PUNCT issue-53 93 19 racial racial ADJ issue-53 93 20 and and CCONJ issue-53 93 21 other other ADJ issue-53 93 22 conflicts conflict NOUN issue-53 93 23 . . PUNCT issue-53 94 1 micropolitical micropolitical ADJ issue-53 94 2 risk risk NOUN issue-53 94 3 applies apply VERB issue-53 94 4 to to ADP issue-53 94 5 certain certain ADJ issue-53 94 6 industries industry NOUN issue-53 94 7 , , PUNCT issue-53 94 8 activities activity NOUN issue-53 94 9 , , PUNCT issue-53 94 10 corporations corporation NOUN issue-53 94 11 and and CCONJ issue-53 94 12 even even ADV issue-53 94 13 individual individual ADJ issue-53 94 14 projects project NOUN issue-53 94 15 . . PUNCT issue-53 95 1 micro micro ADJ issue-53 95 2 type type NOUN issue-53 95 3 of of ADP issue-53 95 4 political political ADJ issue-53 95 5 risk risk NOUN issue-53 95 6 is be AUX issue-53 95 7 predominantly predominantly ADV issue-53 95 8 typical typical ADJ issue-53 95 9 for for ADP issue-53 95 10 mnes mne NOUN issue-53 95 11 and and CCONJ issue-53 95 12 it it PRON issue-53 95 13 mostly mostly ADV issue-53 95 14 arises arise VERB issue-53 95 15 as as ADP issue-53 95 16 a a DET issue-53 95 17 result result NOUN issue-53 95 18 of of ADP issue-53 95 19 corruption corruption NOUN issue-53 95 20 and and CCONJ issue-53 95 21 mismatching mismatching NOUN issue-53 95 22 of of ADP issue-53 95 23 mne mne PROPN issue-53 95 24 and and CCONJ issue-53 95 25 local local ADJ issue-53 95 26 governments government NOUN issue-53 95 27 goals goal NOUN issue-53 95 28 . . PUNCT issue-53 96 1 in in ADP issue-53 96 2 terms term NOUN issue-53 96 3 of of ADP issue-53 96 4 capital capital NOUN issue-53 96 5 structure structure NOUN issue-53 96 6 , , PUNCT issue-53 96 7 political political ADJ issue-53 96 8 risk risk NOUN issue-53 96 9 basically basically ADV issue-53 96 10 brings bring VERB issue-53 96 11 about about ADP issue-53 96 12 the the DET issue-53 96 13 increase increase NOUN issue-53 96 14 in in ADP issue-53 96 15 affiliates affiliate NOUN issue-53 96 16 indebtedness indebtedness NOUN issue-53 96 17 level level NOUN issue-53 96 18 while while SCONJ issue-53 96 19 external external ADJ issue-53 96 20 debt debt NOUN issue-53 96 21 accounting account VERB issue-53 96 22 for for ADP issue-53 96 23 major major ADJ issue-53 96 24 part part NOUN issue-53 96 25 of of ADP issue-53 96 26 it it PRON issue-53 96 27 ( ( PUNCT issue-53 96 28 desai desai PROPN issue-53 96 29 et et PROPN issue-53 96 30 al al PROPN issue-53 96 31 . . PROPN issue-53 96 32 , , PUNCT issue-53 96 33 2004 2004 NUM issue-53 96 34 ) ) PUNCT issue-53 96 35 . . PUNCT issue-53 97 1 this this PRON issue-53 97 2 is be AUX issue-53 97 3 because because SCONJ issue-53 97 4 the the DET issue-53 97 5 increase increase NOUN issue-53 97 6 in in ADP issue-53 97 7 political political ADJ issue-53 97 8 uncertainty uncertainty NOUN issue-53 97 9 contains contain VERB issue-53 97 10 such such ADJ issue-53 97 11 risks risk NOUN issue-53 97 12 as as ADP issue-53 97 13 restriction restriction NOUN issue-53 97 14 on on ADP issue-53 97 15 repatriation repatriation NOUN issue-53 97 16 and and CCONJ issue-53 97 17 interest interest NOUN issue-53 97 18 transfer transfer NOUN issue-53 97 19 , , PUNCT issue-53 97 20 different different ADJ issue-53 97 21 exchange exchange NOUN issue-53 97 22 restrictions restriction NOUN issue-53 97 23 etc etc X issue-53 97 24 . . X issue-53 98 1 mne mne PROPN issue-53 98 2 naturally naturally ADV issue-53 98 3 respond respond VERB issue-53 98 4 with with ADP issue-53 98 5 restricting restrict VERB issue-53 98 6 internal internal ADJ issue-53 98 7 transfers transfer NOUN issue-53 98 8 abroad abroad ADV issue-53 98 9 in in ADP issue-53 98 10 order order NOUN issue-53 98 11 to to PART issue-53 98 12 minimize minimize VERB issue-53 98 13 such such ADJ issue-53 98 14 risks risk NOUN issue-53 98 15 . . PUNCT issue-53 99 1 more more ADV issue-53 99 2 detailed detailed ADJ issue-53 99 3 research research NOUN issue-53 99 4 of of ADP issue-53 99 5 political political ADJ issue-53 99 6 risks risk NOUN issue-53 99 7 influence influence NOUN issue-53 99 8 on on ADP issue-53 99 9 modern modern ADJ issue-53 99 10 mne mne PROPN issue-53 99 11 capital capital NOUN issue-53 99 12 structure structure NOUN issue-53 99 13 confirm confirm VERB issue-53 99 14 that that SCONJ issue-53 99 15 such such ADJ issue-53 99 16 influence influence NOUN issue-53 99 17 should should AUX issue-53 99 18 be be AUX issue-53 99 19 regarded regard VERB issue-53 99 20 in in ADP issue-53 99 21 terms term NOUN issue-53 99 22 of of ADP issue-53 99 23 different different ADJ issue-53 99 24 forms form NOUN issue-53 99 25 of of ADP issue-53 99 26 political political ADJ issue-53 99 27 risk risk NOUN issue-53 99 28 realization realization NOUN issue-53 99 29 . . PUNCT issue-53 100 1 it it PRON issue-53 100 2 can can AUX issue-53 100 3 be be AUX issue-53 100 4 realized realize VERB issue-53 100 5 for for ADP issue-53 100 6 instance instance NOUN issue-53 100 7 in in ADP issue-53 100 8 strict strict ADJ issue-53 100 9 administrative administrative ADJ issue-53 100 10 forms form NOUN issue-53 100 11 like like ADP issue-53 100 12 government government NOUN issue-53 100 13 direct direct ADJ issue-53 100 14 interference interference NOUN issue-53 100 15 into into ADP issue-53 100 16 repatriation repatriation NOUN issue-53 100 17 issues issue NOUN issue-53 100 18 or or CCONJ issue-53 100 19 softer soft ADJ issue-53 100 20 ones one NOUN issue-53 100 21 that that PRON issue-53 100 22 could could AUX issue-53 100 23 not not PART issue-53 100 24 even even ADV issue-53 100 25 be be AUX issue-53 100 26 introduced introduce VERB issue-53 100 27 in in ADP issue-53 100 28 more more ADV issue-53 100 29 stable stable ADJ issue-53 100 30 and and CCONJ issue-53 100 31 developed developed ADJ issue-53 100 32 business business NOUN issue-53 100 33 environment environment NOUN issue-53 100 34 ( ( PUNCT issue-53 100 35 kesternich kesternich NOUN issue-53 100 36 and and CCONJ issue-53 100 37 schnitzer schnitzer NOUN issue-53 100 38 , , PUNCT issue-53 100 39 2010 2010 NUM issue-53 100 40 , , PUNCT issue-53 100 41 p. p. NOUN issue-53 100 42 208 208 NUM issue-53 100 43 ) ) PUNCT issue-53 100 44 . . PUNCT issue-53 101 1 it it PRON issue-53 101 2 has have AUX issue-53 101 3 been be AUX issue-53 101 4 empirically empirically ADV issue-53 101 5 proved prove VERB issue-53 101 6 that that PRON issue-53 101 7 increase increase NOUN issue-53 101 8 in in ADP issue-53 101 9 political political ADJ issue-53 101 10 risk risk NOUN issue-53 101 11 brings bring VERB issue-53 101 12 about about ADP issue-53 101 13 the the DET issue-53 101 14 increase increase NOUN issue-53 101 15 in in ADP issue-53 101 16 mne mne PROPN issue-53 101 17 equity equity PROPN issue-53 101 18 capital capital PROPN issue-53 101 19 share share NOUN issue-53 101 20 ( ( PUNCT issue-53 101 21 kesternich kesternich NOUN issue-53 101 22 and and CCONJ issue-53 101 23 schnitzer schnitzer NOUN issue-53 101 24 , , PUNCT issue-53 101 25 2010 2010 NUM issue-53 101 26 ) ) PUNCT issue-53 101 27 . . PUNCT issue-53 102 1 this this PRON issue-53 102 2 is be AUX issue-53 102 3 because because SCONJ issue-53 102 4 such such ADJ issue-53 102 5 restrictions restriction NOUN issue-53 102 6 result result VERB issue-53 102 7 in in SCONJ issue-53 102 8 investment investment NOUN issue-53 102 9 projects project NOUN issue-53 102 10 returns return NOUN issue-53 102 11 cut cut VERB issue-53 102 12 while while SCONJ issue-53 102 13 the the DET issue-53 102 14 level level NOUN issue-53 102 15 of of ADP issue-53 102 16 expenses expense NOUN issue-53 102 17 remains remain VERB issue-53 102 18 the the DET issue-53 102 19 same same ADJ issue-53 102 20 . . PUNCT issue-53 103 1 as as ADP issue-53 103 2 to to ADP issue-53 103 3 the the DET issue-53 103 4 debt debt NOUN issue-53 103 5 capital capital NOUN issue-53 103 6 , , PUNCT issue-53 103 7 the the DET issue-53 103 8 case case NOUN issue-53 103 9 is be AUX issue-53 103 10 rather rather ADV issue-53 103 11 ambiguous ambiguous ADJ issue-53 103 12 . . PUNCT issue-53 104 1 optimal optimal ADJ issue-53 104 2 level level NOUN issue-53 104 3 of of ADP issue-53 104 4 debt debt NOUN issue-53 104 5 financing financing NOUN issue-53 104 6 decreases decrease NOUN issue-53 104 7 with with ADP issue-53 104 8 increase increase NOUN issue-53 104 9 of of ADP issue-53 104 10 political political ADJ issue-53 104 11 risk risk NOUN issue-53 104 12 in in ADP issue-53 104 13 the the DET issue-53 104 14 form form NOUN issue-53 104 15 of of ADP issue-53 104 16 complete complete ADJ issue-53 104 17 or or CCONJ issue-53 104 18 gradual gradual ADJ issue-53 104 19 expropriation expropriation NOUN issue-53 104 20 since since SCONJ issue-53 104 21 the the DET issue-53 104 22 last last ADJ issue-53 104 23 brings bring VERB issue-53 104 24 about about ADP issue-53 104 25 higher high ADJ issue-53 104 26 bankruptcy bankruptcy NOUN issue-53 104 27 risks risk NOUN issue-53 104 28 . . PUNCT issue-53 105 1 development development NOUN issue-53 105 2 level level NOUN issue-53 105 3 and and CCONJ issue-53 105 4 conditions condition NOUN issue-53 105 5 on on ADP issue-53 105 6 local local ADJ issue-53 105 7 capital capital NOUN issue-53 105 8 markets market NOUN issue-53 105 9 is be AUX issue-53 105 10 also also ADV issue-53 105 11 an an DET issue-53 105 12 important important ADJ issue-53 105 13 factor factor NOUN issue-53 105 14 of of ADP issue-53 105 15 mne mne PROPN issue-53 105 16 capital capital NOUN issue-53 105 17 structure structure NOUN issue-53 105 18 . . PUNCT issue-53 106 1 it it PRON issue-53 106 2 is be AUX issue-53 106 3 well well ADV issue-53 106 4 known know VERB issue-53 106 5 that that SCONJ issue-53 106 6 mne mne PROPN issue-53 106 7 affiliates affiliate NOUN issue-53 106 8 use use VERB issue-53 106 9 less less ADV issue-53 106 10 external external ADJ issue-53 106 11 debt debt NOUN issue-53 106 12 funding funding NOUN issue-53 106 13 and and CCONJ issue-53 106 14 more more ADV issue-53 106 15 internal internal ADJ issue-53 106 16 in in ADP issue-53 106 17 countries country NOUN issue-53 106 18 with with ADP issue-53 106 19 low low ADJ issue-53 106 20 level level NOUN issue-53 106 21 of of ADP issue-53 106 22 capital capital NOUN issue-53 106 23 markets market NOUN issue-53 106 24 development development NOUN issue-53 106 25 and and CCONJ issue-53 106 26 where where SCONJ issue-53 106 27 the the DET issue-53 106 28 level level NOUN issue-53 106 29 of of ADP issue-53 106 30 creditors creditor NOUN issue-53 106 31 rights right NOUN issue-53 106 32 protection protection NOUN issue-53 106 33 is be AUX issue-53 106 34 weak weak ADJ issue-53 106 35 . . PUNCT issue-53 107 1 this this PRON issue-53 107 2 is be AUX issue-53 107 3 because because SCONJ issue-53 107 4 attracting attract VERB issue-53 107 5 financing financing NOUN issue-53 107 6 on on ADP issue-53 107 7 such such ADJ issue-53 107 8 markets market NOUN issue-53 107 9 is be AUX issue-53 107 10 rather rather ADV issue-53 107 11 expensive expensive ADJ issue-53 107 12 ( ( PUNCT issue-53 107 13 desai desai PROPN issue-53 107 14 et et PROPN issue-53 107 15 al al PROPN issue-53 107 16 . . PROPN issue-53 107 17 , , PUNCT issue-53 107 18 2004 2004 NUM issue-53 107 19 ) ) PUNCT issue-53 107 20 . . PUNCT issue-53 108 1 it it PRON issue-53 108 2 means mean VERB issue-53 108 3 that that SCONJ issue-53 108 4 internal internal ADJ issue-53 108 5 financing financing NOUN issue-53 108 6 can can AUX issue-53 108 7 replace replace VERB issue-53 108 8 more more ADV issue-53 108 9 expensive expensive ADJ issue-53 108 10 external external ADJ issue-53 108 11 . . PUNCT issue-53 109 1 as as ADP issue-53 109 2 a a DET issue-53 109 3 result result NOUN issue-53 109 4 , , PUNCT issue-53 109 5 mne mne PROPN issue-53 109 6 would would AUX issue-53 109 7 have have VERB issue-53 109 8 competitive competitive ADJ issue-53 109 9 advantages advantage NOUN issue-53 109 10 over over ADP issue-53 109 11 local local ADJ issue-53 109 12 corporations corporation NOUN issue-53 109 13 that that PRON issue-53 109 14 can can AUX issue-53 109 15 attract attract VERB issue-53 109 16 funding funding NOUN issue-53 109 17 on on ADP issue-53 109 18 domestic domestic ADJ issue-53 109 19 markets market NOUN issue-53 109 20 only only ADV issue-53 109 21 . . PUNCT issue-53 110 1 the the DET issue-53 110 2 level level NOUN issue-53 110 3 of of ADP issue-53 110 4 creditors creditor NOUN issue-53 110 5 ’ ' PUNCT issue-53 110 6 rights right NOUN issue-53 110 7 protection protection NOUN issue-53 110 8 directly directly ADV issue-53 110 9 affects affect VERB issue-53 110 10 financial financial ADJ issue-53 110 11 markets market NOUN issue-53 110 12 development development NOUN issue-53 110 13 uppermost uppermost ADP issue-53 110 14 the the DET issue-53 110 15 markets market NOUN issue-53 110 16 of of ADP issue-53 110 17 debt debt NOUN issue-53 110 18 . . PUNCT issue-53 111 1 there there PRON issue-53 111 2 are be VERB issue-53 111 3 two two NUM issue-53 111 4 opposite opposite ADJ issue-53 111 5 views view NOUN issue-53 111 6 of of ADP issue-53 111 7 this this DET issue-53 111 8 matter matter NOUN issue-53 111 9 ( ( PUNCT issue-53 111 10 cho cho NOUN issue-53 111 11 at at ADP issue-53 111 12 al al PROPN issue-53 111 13 . . PROPN issue-53 111 14 , , PUNCT issue-53 111 15 2014 2014 NUM issue-53 111 16 ) ) PUNCT issue-53 111 17 . . PUNCT issue-53 112 1 the the DET issue-53 112 2 first first ADJ issue-53 112 3 one one NOUN issue-53 112 4 focuses focus VERB issue-53 112 5 on on ADP issue-53 112 6 resources resource NOUN issue-53 112 7 market market NOUN issue-53 112 8 supply supply NOUN issue-53 112 9 and and CCONJ issue-53 112 10 affirms affirm VERB issue-53 112 11 that that SCONJ issue-53 112 12 high high ADJ issue-53 112 13 level level NOUN issue-53 112 14 of of ADP issue-53 112 15 creditors creditor NOUN issue-53 112 16 ’ ' PUNCT issue-53 112 17 rights right NOUN issue-53 112 18 protection protection NOUN issue-53 112 19 positively positively ADV issue-53 112 20 influences influence VERB issue-53 112 21 the the DET issue-53 112 22 use use NOUN issue-53 112 23 of of ADP issue-53 112 24 debt debt NOUN issue-53 112 25 fund fund NOUN issue-53 112 26 by by ADP issue-53 112 27 corporations corporation NOUN issue-53 112 28 . . PUNCT issue-53 113 1 this this DET issue-53 113 2 point point NOUN issue-53 113 3 is be AUX issue-53 113 4 explained explain VERB issue-53 113 5 by by ADP issue-53 113 6 the the DET issue-53 113 7 fact fact NOUN issue-53 113 8 that that SCONJ issue-53 113 9 the the DET issue-53 113 10 proper proper ADJ issue-53 113 11 level level NOUN issue-53 113 12 of of ADP issue-53 113 13 protection protection NOUN issue-53 113 14 allows allow VERB issue-53 113 15 creditors creditor NOUN issue-53 113 16 to to PART issue-53 113 17 lend lend VERB issue-53 113 18 on on ADP issue-53 113 19 better well ADJ issue-53 113 20 terms term NOUN issue-53 113 21 because because SCONJ issue-53 113 22 they they PRON issue-53 113 23 are be AUX issue-53 113 24 confident confident ADJ issue-53 113 25 to to PART issue-53 113 26 get get VERB issue-53 113 27 their their PRON issue-53 113 28 loans loan NOUN issue-53 113 29 back back ADP issue-53 113 30 and and CCONJ issue-53 113 31 corporations corporation NOUN issue-53 113 32 in in ADP issue-53 113 33 turn turn NOUN issue-53 113 34 get get VERB issue-53 113 35 more more ADJ issue-53 113 36 debt debt NOUN issue-53 113 37 funding funding NOUN issue-53 113 38 in in ADP issue-53 113 39 their their PRON issue-53 113 40 capital capital NOUN issue-53 113 41 structure structure NOUN issue-53 113 42 . . PUNCT issue-53 114 1 the the DET issue-53 114 2 second second ADJ issue-53 114 3 view view NOUN issue-53 114 4 emphasizes emphasize VERB issue-53 114 5 market market NOUN issue-53 114 6 demand demand NOUN issue-53 114 7 and and CCONJ issue-53 114 8 affirms affirm VERB issue-53 114 9 that that SCONJ issue-53 114 10 the the DET issue-53 114 11 proper proper ADJ issue-53 114 12 creditors creditor NOUN issue-53 114 13 ’ ' PUNCT issue-53 114 14 rights right NOUN issue-53 114 15 protection protection NOUN issue-53 114 16 level level NOUN issue-53 114 17 negatively negatively ADV issue-53 114 18 affects affect VERB issue-53 114 19 corporate corporate ADJ issue-53 114 20 indebtedness indebtedness NOUN issue-53 114 21 level level NOUN issue-53 114 22 . . PUNCT issue-53 115 1 illustration illustration NOUN issue-53 115 2 of of ADP issue-53 115 3 this this DET issue-53 115 4 point point NOUN issue-53 115 5 appears appear VERB issue-53 115 6 as as SCONJ issue-53 115 7 follows follow VERB issue-53 115 8 . . PUNCT issue-53 116 1 in in ADP issue-53 116 2 case case NOUN issue-53 116 3 of of ADP issue-53 116 4 financial financial ADJ issue-53 116 5 distress distress NOUN issue-53 116 6 equity equity NOUN issue-53 116 7 holders holder NOUN issue-53 116 8 ( ( PUNCT issue-53 116 9 uppermost uppermost ADV issue-53 116 10 ) ) PUNCT issue-53 116 11 and and CCONJ issue-53 116 12 other other ADJ issue-53 116 13 creditors creditor NOUN issue-53 116 14 do do AUX issue-53 116 15 n’t not PART issue-53 116 16 want want VERB issue-53 116 17 to to PART issue-53 116 18 lose lose VERB issue-53 116 19 control control NOUN issue-53 116 20 over over ADP issue-53 116 21 a a DET issue-53 116 22 corporation corporation NOUN issue-53 116 23 . . PUNCT issue-53 117 1 different different ADJ issue-53 117 2 countries country NOUN issue-53 117 3 treat treat VERB issue-53 117 4 creditors creditor NOUN issue-53 117 5 , , PUNCT issue-53 117 6 stockholder stockholder NOUN issue-53 117 7 and and CCONJ issue-53 117 8 managers manager NOUN issue-53 117 9 in in ADP issue-53 117 10 different different ADJ issue-53 117 11 ways way NOUN issue-53 117 12 . . PUNCT issue-53 118 1 in in ADP issue-53 118 2 the the DET issue-53 118 3 usa usa PROPN issue-53 118 4 , , PUNCT issue-53 118 5 that that PRON issue-53 118 6 is be AUX issue-53 118 7 considered consider VERB issue-53 118 8 to to PART issue-53 118 9 have have VERB issue-53 118 10 the the DET issue-53 118 11 poor poor ADJ issue-53 118 12 creditor creditor NOUN issue-53 118 13 rights right NOUN issue-53 118 14 protection protection NOUN issue-53 118 15 level level NOUN issue-53 118 16 , , PUNCT issue-53 118 17 for for ADP issue-53 118 18 example example NOUN issue-53 118 19 , , PUNCT issue-53 118 20 managers manager NOUN issue-53 118 21 rather rather ADV issue-53 118 22 than than ADP issue-53 118 23 creditors creditor NOUN issue-53 118 24 are be AUX issue-53 118 25 considered consider VERB issue-53 118 26 to to PART issue-53 118 27 have have VERB issue-53 118 28 the the DET issue-53 118 29 prior prior ADJ issue-53 118 30 right right NOUN issue-53 118 31 to to PART issue-53 118 32 elaborate elaborate VERB issue-53 118 33 and and CCONJ issue-53 118 34 implement implement VERB issue-53 118 35 corporate corporate ADJ issue-53 118 36 anti anti ADJ issue-53 118 37 - - ADJ issue-53 118 38 crisis crisis ADJ issue-53 118 39 strategy strategy NOUN issue-53 118 40 ( ( PUNCT issue-53 118 41 cho cho NOUN issue-53 118 42 at at ADP issue-53 118 43 al al PROPN issue-53 118 44 . . PROPN issue-53 118 45 , , PUNCT issue-53 118 46 2014 2014 NUM issue-53 118 47 ) ) PUNCT issue-53 118 48 . . PUNCT issue-53 119 1 in in ADP issue-53 119 2 countries country NOUN issue-53 119 3 with with ADP issue-53 119 4 high high ADJ issue-53 119 5 level level NOUN issue-53 119 6 of of ADP issue-53 119 7 creditors creditor NOUN issue-53 119 8 ’ ' PUNCT issue-53 119 9 rights right NOUN issue-53 119 10 protection protection NOUN issue-53 119 11 managers manager NOUN issue-53 119 12 can can AUX issue-53 119 13 be be AUX issue-53 119 14 dismissed dismiss VERB issue-53 119 15 during during ADP issue-53 119 16 financial financial ADJ issue-53 119 17 distress distress NOUN issue-53 119 18 and and CCONJ issue-53 119 19 replaced replace VERB issue-53 119 20 by by ADP issue-53 119 21 creditors creditor NOUN issue-53 119 22 . . PUNCT issue-53 120 1 interested interested ADJ issue-53 120 2 managers manager NOUN issue-53 120 3 thus thus ADV issue-53 120 4 are be AUX issue-53 120 5 to to PART issue-53 120 6 be be AUX issue-53 120 7 interested interested ADJ issue-53 120 8 to to PART issue-53 120 9 use use VERB issue-53 120 10 less less ADJ issue-53 120 11 debt debt NOUN issue-53 120 12 capital capital NOUN issue-53 120 13 . . PUNCT issue-53 121 1 though though SCONJ issue-53 121 2 contemporary contemporary ADJ issue-53 121 3 scientific scientific ADJ issue-53 121 4 literature literature NOUN issue-53 121 5 contains contain VERB issue-53 121 6 empirical empirical ADJ issue-53 121 7 verification verification NOUN issue-53 121 8 for for ADP issue-53 121 9 both both DET issue-53 121 10 views view NOUN issue-53 121 11 , , PUNCT issue-53 121 12 it it PRON issue-53 121 13 mostly mostly ADV issue-53 121 14 confirms confirm VERB issue-53 121 15 the the DET issue-53 121 16 idea idea NOUN issue-53 121 17 that that SCONJ issue-53 121 18 high high ADJ issue-53 121 19 level level NOUN issue-53 121 20 of of ADP issue-53 121 21 creditors creditor NOUN issue-53 121 22 ’ ' PUNCT issue-53 121 23 rights right NOUN issue-53 121 24 protection protection NOUN issue-53 121 25 facilitates facilitate VERB issue-53 121 26 the the DET issue-53 121 27 decrease decrease NOUN issue-53 121 28 in in ADP issue-53 121 29 long long ADJ issue-53 121 30 - - PUNCT issue-53 121 31 term term NOUN issue-53 121 32 debt debt NOUN issue-53 121 33 share share NOUN issue-53 121 34 , , PUNCT issue-53 121 35 for for ADP issue-53 121 36 example example NOUN issue-53 121 37 ( ( PUNCT issue-53 121 38 cho cho NOUN issue-53 121 39 at at ADP issue-53 121 40 al al PROPN issue-53 121 41 . . PROPN issue-53 121 42 , , PUNCT issue-53 121 43 2014 2014 NUM issue-53 121 44 ) ) PUNCT issue-53 121 45 . . PUNCT issue-53 122 1 the the DET issue-53 122 2 authors author NOUN issue-53 122 3 explored explore VERB issue-53 122 4 151,855 151,855 NUM issue-53 122 5 corporations corporation NOUN issue-53 122 6 from from ADP issue-53 122 7 48 48 NUM issue-53 122 8 countries country NOUN issue-53 122 9 and and CCONJ issue-53 122 10 their their PRON issue-53 122 11 capital capital NOUN issue-53 122 12 structure structure NOUN issue-53 122 13 under under ADP issue-53 122 14 influence influence NOUN issue-53 122 15 of of ADP issue-53 122 16 a a DET issue-53 122 17 special special ADJ issue-53 122 18 index index NOUN issue-53 122 19 of of ADP issue-53 122 20 creditors creditor NOUN issue-53 122 21 ’ ' PUNCT issue-53 122 22 rights right NOUN issue-53 122 23 protection protection NOUN issue-53 122 24 in in ADP issue-53 122 25 the the DET issue-53 122 26 period period NOUN issue-53 122 27 between between ADP issue-53 122 28 1991 1991 NUM issue-53 122 29 and and CCONJ issue-53 122 30 2010 2010 NUM issue-53 122 31 . . PUNCT issue-53 123 1 capital capital NOUN issue-53 123 2 structure structure NOUN issue-53 123 3 was be AUX issue-53 123 4 explored explore VERB issue-53 123 5 via via ADP issue-53 123 6 long long ADJ issue-53 123 7 - - PUNCT issue-53 123 8 term term NOUN issue-53 123 9 debt debt NOUN issue-53 123 10 ratio ratio NOUN issue-53 123 11 that that PRON issue-53 123 12 was be AUX issue-53 123 13 calculated calculate VERB issue-53 123 14 as as ADP issue-53 123 15 a a DET issue-53 123 16 relation relation NOUN issue-53 123 17 of of ADP issue-53 123 18 long long ADJ issue-53 123 19 - - PUNCT issue-53 123 20 term term NOUN issue-53 123 21 debt debt NOUN issue-53 123 22 to to ADP issue-53 123 23 total total ADJ issue-53 123 24 assets asset NOUN issue-53 123 25 . . PUNCT issue-53 124 1 creditors creditor NOUN issue-53 124 2 ’ ' PUNCT issue-53 124 3 rights right NOUN issue-53 124 4 protection protection NOUN issue-53 124 5 index index NOUN issue-53 124 6 is be AUX issue-53 124 7 an an DET issue-53 124 8 index index NOUN issue-53 124 9 elaborated elaborate VERB issue-53 124 10 by by ADP issue-53 124 11 djankov djankov PROPN issue-53 124 12 et et PROPN issue-53 124 13 al al PROPN issue-53 124 14 . . PROPN issue-53 124 15 , , PUNCT issue-53 124 16 2007 2007 NUM issue-53 124 17 . . PUNCT issue-53 125 1 it it PRON issue-53 125 2 can can AUX issue-53 125 3 reach reach VERB issue-53 125 4 values value NOUN issue-53 125 5 of of ADP issue-53 125 6 0 0 NUM issue-53 125 7 , , PUNCT issue-53 125 8 1 1 NUM issue-53 125 9 , , PUNCT issue-53 125 10 2 2 NUM issue-53 125 11 , , PUNCT issue-53 125 12 3 3 NUM issue-53 125 13 and and CCONJ issue-53 125 14 4 4 NUM issue-53 125 15 , , PUNCT issue-53 125 16 where where SCONJ issue-53 125 17 0 0 NUM issue-53 125 18 is be AUX issue-53 125 19 the the DET issue-53 125 20 lowest low ADJ issue-53 125 21 level level NOUN issue-53 125 22 of of ADP issue-53 125 23 creditors creditor NOUN issue-53 125 24 ’ ' PUNCT issue-53 125 25 rights right NOUN issue-53 125 26 protection protection NOUN issue-53 125 27 or or CCONJ issue-53 125 28 its its PRON issue-53 125 29 actual actual ADJ issue-53 125 30 absence absence NOUN issue-53 125 31 and and CCONJ issue-53 125 32 4 4 NUM issue-53 125 33 is be AUX issue-53 125 34 the the DET issue-53 125 35 highest high ADJ issue-53 125 36 level level NOUN issue-53 125 37 . . PUNCT issue-53 126 1 besides besides SCONJ issue-53 126 2 the the DET issue-53 126 3 main main ADJ issue-53 126 4 conclusion conclusion NOUN issue-53 126 5 mentioned mention VERB issue-53 126 6 above above ADP issue-53 126 7 we we PRON issue-53 126 8 should should AUX issue-53 126 9 consider consider VERB issue-53 126 10 three three NUM issue-53 126 11 following follow VERB issue-53 126 12 important important ADJ issue-53 126 13 quantitative quantitative ADJ issue-53 126 14 results result NOUN issue-53 126 15 of of ADP issue-53 126 16 this this DET issue-53 126 17 study study NOUN issue-53 126 18 . . PUNCT issue-53 127 1 first first ADV issue-53 127 2 , , PUNCT issue-53 127 3 the the DET issue-53 127 4 sample sample NOUN issue-53 127 5 average average ADJ issue-53 127 6 long long ADJ issue-53 127 7 - - PUNCT issue-53 127 8 term term NOUN issue-53 127 9 debt debt NOUN issue-53 127 10 ratio ratio NOUN issue-53 127 11 is be AUX issue-53 127 12 0.58 0.58 NUM issue-53 127 13 though though SCONJ issue-53 127 14 it it PRON issue-53 127 15 does do AUX issue-53 127 16 not not PART issue-53 127 17 exceed exceed VERB issue-53 127 18 the the DET issue-53 127 19 level level NOUN issue-53 127 20 of of ADP issue-53 127 21 0.23 0.23 NUM issue-53 127 22 if if SCONJ issue-53 127 23 considering consider VERB issue-53 127 24 any any PRON issue-53 127 25 of of ADP issue-53 127 26 48 48 NUM issue-53 127 27 countries country NOUN issue-53 127 28 . . PUNCT issue-53 128 1 second second ADJ issue-53 128 2 , , PUNCT issue-53 128 3 this this DET issue-53 128 4 maximum maximum ADJ issue-53 128 5 value value NOUN issue-53 128 6 of of ADP issue-53 128 7 0.58 0.58 NUM issue-53 128 8 corresponds correspond NOUN issue-53 128 9 to to ADP issue-53 128 10 respective respective ADJ issue-53 128 11 baltic baltic ADJ issue-53 128 12 journal journal NOUN issue-53 128 13 of of ADP issue-53 128 14 economic economic ADJ issue-53 128 15 studies study NOUN issue-53 128 16 157 157 NUM issue-53 128 17 vol vol NOUN issue-53 128 18 . . PROPN issue-53 129 1 1 1 NUM issue-53 129 2 , , PUNCT issue-53 129 3 no no INTJ issue-53 129 4 . . NOUN issue-53 129 5 2 2 NUM issue-53 129 6 , , PUNCT issue-53 129 7 2015 2015 NUM issue-53 129 8 maximum maximum ADJ issue-53 129 9 value value NOUN issue-53 129 10 of of ADP issue-53 129 11 djankov djankov ADJ issue-53 129 12 index index NOUN issue-53 129 13 that that PRON issue-53 129 14 is be AUX issue-53 129 15 4 4 NUM issue-53 129 16 . . NOUN issue-53 129 17 third third ADJ issue-53 129 18 , , PUNCT issue-53 129 19 the the DET issue-53 129 20 sample sample NOUN issue-53 129 21 average average ADJ issue-53 129 22 ratio ratio NOUN issue-53 129 23 is be AUX issue-53 129 24 0.12 0.12 NUM issue-53 129 25 with with ADP issue-53 129 26 an an DET issue-53 129 27 index index NOUN issue-53 129 28 value value NOUN issue-53 129 29 of of ADP issue-53 129 30 2 2 NUM issue-53 129 31 . . PUNCT issue-53 130 1 besides besides SCONJ issue-53 130 2 creditors creditor NOUN issue-53 130 3 ’ ' PUNCT issue-53 130 4 rights right NOUN issue-53 130 5 protection protection NOUN issue-53 130 6 conditions condition NOUN issue-53 130 7 on on ADP issue-53 130 8 local local ADJ issue-53 130 9 capital capital NOUN issue-53 130 10 markets market NOUN issue-53 130 11 are be AUX issue-53 130 12 also also ADV issue-53 130 13 defined define VERB issue-53 130 14 by by ADP issue-53 130 15 such such ADJ issue-53 130 16 legal legal ADJ issue-53 130 17 factors factor NOUN issue-53 130 18 as as ADP issue-53 130 19 investors investor NOUN issue-53 130 20 ’ ’ PART issue-53 130 21 rights right NOUN issue-53 130 22 protection protection NOUN issue-53 130 23 , , PUNCT issue-53 130 24 corporate corporate ADJ issue-53 130 25 information information NOUN issue-53 130 26 disclosure disclosure NOUN issue-53 130 27 requirements requirement NOUN issue-53 130 28 , , PUNCT issue-53 130 29 burden burden NOUN issue-53 130 30 of of ADP issue-53 130 31 proof proof NOUN issue-53 130 32 , , PUNCT issue-53 130 33 public public ADJ issue-53 130 34 enforcement enforcement NOUN issue-53 130 35 etc etc X issue-53 130 36 . . PUNCT issue-53 131 1 the the DET issue-53 131 2 overall overall ADJ issue-53 131 3 idea idea NOUN issue-53 131 4 of of ADP issue-53 131 5 these these DET issue-53 131 6 factors factor NOUN issue-53 131 7 influence influence NOUN issue-53 131 8 implies imply VERB issue-53 131 9 that that SCONJ issue-53 131 10 they they PRON issue-53 131 11 speed speed VERB issue-53 131 12 up up ADP issue-53 131 13 the the DET issue-53 131 14 information information NOUN issue-53 131 15 dissemination dissemination NOUN issue-53 131 16 , , PUNCT issue-53 131 17 decrease decrease VERB issue-53 131 18 agency agency NOUN issue-53 131 19 costs cost NOUN issue-53 131 20 and and CCONJ issue-53 131 21 bankruptcy bankruptcy NOUN issue-53 131 22 costs cost NOUN issue-53 131 23 ( ( PUNCT issue-53 131 24 mishra mishra PROPN issue-53 131 25 and and CCONJ issue-53 131 26 tannous tannous ADJ issue-53 131 27 , , PUNCT issue-53 131 28 2010 2010 NUM issue-53 131 29 ) ) PUNCT issue-53 131 30 . . PUNCT issue-53 132 1 under under ADP issue-53 132 2 these these DET issue-53 132 3 conditions condition NOUN issue-53 132 4 , , PUNCT issue-53 132 5 creditors creditor NOUN issue-53 132 6 tend tend VERB issue-53 132 7 to to PART issue-53 132 8 lend lend VERB issue-53 132 9 more more ADJ issue-53 132 10 and and CCONJ issue-53 132 11 require require VERB issue-53 132 12 lesser less ADJ issue-53 132 13 returns return NOUN issue-53 132 14 . . PUNCT issue-53 133 1 this this PRON issue-53 133 2 in in ADP issue-53 133 3 turn turn NOUN issue-53 133 4 brings bring VERB issue-53 133 5 about about ADP issue-53 133 6 that that SCONJ issue-53 133 7 corporations corporation NOUN issue-53 133 8 increase increase VERB issue-53 133 9 the the DET issue-53 133 10 level level NOUN issue-53 133 11 of of ADP issue-53 133 12 debt debt NOUN issue-53 133 13 financing financing NOUN issue-53 133 14 . . PUNCT issue-53 134 1 among among ADP issue-53 134 2 country country NOUN issue-53 134 3 specific specific ADJ issue-53 134 4 factors factor NOUN issue-53 134 5 contemporary contemporary ADJ issue-53 134 6 scientific scientific ADJ issue-53 134 7 literature literature NOUN issue-53 134 8 points point VERB issue-53 134 9 out out ADP issue-53 134 10 the the DET issue-53 134 11 level level NOUN issue-53 134 12 of of ADP issue-53 134 13 bankruptcy bankruptcy NOUN issue-53 134 14 code code NOUN issue-53 134 15 and and CCONJ issue-53 134 16 respective respective ADJ issue-53 134 17 legal legal ADJ issue-53 134 18 rules rule NOUN issue-53 134 19 and and CCONJ issue-53 134 20 regulations regulation NOUN issue-53 134 21 development development NOUN issue-53 134 22 as as ADV issue-53 134 23 well well ADV issue-53 134 24 as as ADP issue-53 134 25 individual individual ADJ issue-53 134 26 technical technical ADJ issue-53 134 27 factors factor NOUN issue-53 134 28 such such ADJ issue-53 134 29 as as ADP issue-53 134 30 audit audit NOUN issue-53 134 31 standards standard NOUN issue-53 134 32 etc etc X issue-53 134 33 . . X issue-53 135 1 ( ( PUNCT issue-53 135 2 antonczyk antonczyk VERB issue-53 135 3 and and CCONJ issue-53 135 4 salzman salzman NOUN issue-53 135 5 , , PUNCT issue-53 135 6 2014 2014 NUM issue-53 135 7 ) ) PUNCT issue-53 135 8 . . PUNCT issue-53 136 1 in in ADP issue-53 136 2 countries country NOUN issue-53 136 3 with with ADP issue-53 136 4 powerful powerful ADJ issue-53 136 5 and and CCONJ issue-53 136 6 detailed detailed ADJ issue-53 136 7 bankruptcy bankruptcy NOUN issue-53 136 8 codes code NOUN issue-53 136 9 corporations corporation NOUN issue-53 136 10 tend tend VERB issue-53 136 11 to to PART issue-53 136 12 have have VERB issue-53 136 13 higher high ADJ issue-53 136 14 shares share NOUN issue-53 136 15 of of ADP issue-53 136 16 debt debt NOUN issue-53 136 17 funds fund NOUN issue-53 136 18 in in ADP issue-53 136 19 their their PRON issue-53 136 20 capital capital NOUN issue-53 136 21 structure structure NOUN issue-53 136 22 , , PUNCT issue-53 136 23 since since SCONJ issue-53 136 24 creditors creditor NOUN issue-53 136 25 ’ ' PUNCT issue-53 136 26 rights right NOUN issue-53 136 27 are be AUX issue-53 136 28 considered consider VERB issue-53 136 29 to to PART issue-53 136 30 be be AUX issue-53 136 31 strongly strongly ADV issue-53 136 32 protected protect VERB issue-53 136 33 and and CCONJ issue-53 136 34 they they PRON issue-53 136 35 tend tend VERB issue-53 136 36 to to PART issue-53 136 37 lend lend VERB issue-53 136 38 at at ADP issue-53 136 39 more more ADV issue-53 136 40 favorable favorable ADJ issue-53 136 41 terms term NOUN issue-53 136 42 ( ( PUNCT issue-53 136 43 giannetti giannetti NOUN issue-53 136 44 , , PUNCT issue-53 136 45 2003 2003 NUM issue-53 136 46 ) ) PUNCT issue-53 136 47 . . PUNCT issue-53 137 1 though though SCONJ issue-53 137 2 this this DET issue-53 137 3 factor factor NOUN issue-53 137 4 is be AUX issue-53 137 5 closely closely ADV issue-53 137 6 connected connect VERB issue-53 137 7 with with ADP issue-53 137 8 the the DET issue-53 137 9 previously previously ADV issue-53 137 10 mentioned mention VERB issue-53 137 11 one one NUM issue-53 137 12 , , PUNCT issue-53 137 13 it it PRON issue-53 137 14 theoretically theoretically ADV issue-53 137 15 implies imply VERB issue-53 137 16 narrower narrow ADJ issue-53 137 17 sense sense NOUN issue-53 137 18 . . PUNCT issue-53 138 1 more more ADV issue-53 138 2 progressive progressive ADJ issue-53 138 3 accounting accounting NOUN issue-53 138 4 and and CCONJ issue-53 138 5 audit audit NOUN issue-53 138 6 standards standard NOUN issue-53 138 7 can can AUX issue-53 138 8 influence influence VERB issue-53 138 9 the the DET issue-53 138 10 level level NOUN issue-53 138 11 of of ADP issue-53 138 12 informational informational ADJ issue-53 138 13 asymmetry asymmetry NOUN issue-53 138 14 and and CCONJ issue-53 138 15 soften soften VERB issue-53 138 16 agency agency NOUN issue-53 138 17 conflicts conflict NOUN issue-53 138 18 ( ( PUNCT issue-53 138 19 antonczyk antonczyk VERB issue-53 138 20 and and CCONJ issue-53 138 21 salzman salzman NOUN issue-53 138 22 , , PUNCT issue-53 138 23 2014 2014 NUM issue-53 138 24 ) ) PUNCT issue-53 138 25 . . PUNCT issue-53 139 1 thus thus ADV issue-53 139 2 , , PUNCT issue-53 139 3 the the DET issue-53 139 4 capital capital NOUN issue-53 139 5 structure structure NOUN issue-53 139 6 can can AUX issue-53 139 7 be be AUX issue-53 139 8 explained explain VERB issue-53 139 9 in in ADP issue-53 139 10 terms term NOUN issue-53 139 11 of of ADP issue-53 139 12 agency agency NOUN issue-53 139 13 theory theory NOUN issue-53 139 14 and and CCONJ issue-53 139 15 it it PRON issue-53 139 16 tends tend VERB issue-53 139 17 towards towards ADP issue-53 139 18 debt debt NOUN issue-53 139 19 all all DET issue-53 139 20 others other NOUN issue-53 139 21 equal equal ADJ issue-53 139 22 . . PUNCT issue-53 140 1 a a DET issue-53 140 2 country country NOUN issue-53 140 3 legal legal ADJ issue-53 140 4 system system NOUN issue-53 140 5 in in ADP issue-53 140 6 general general ADJ issue-53 140 7 is be AUX issue-53 140 8 also also ADV issue-53 140 9 regarded regard VERB issue-53 140 10 as as ADP issue-53 140 11 corporate corporate ADJ issue-53 140 12 capital capital NOUN issue-53 140 13 structure structure NOUN issue-53 140 14 factor factor NOUN issue-53 140 15 . . PUNCT issue-53 141 1 in in ADP issue-53 141 2 this this DET issue-53 141 3 sense sense NOUN issue-53 141 4 one one PRON issue-53 141 5 should should AUX issue-53 141 6 distinguish distinguish VERB issue-53 141 7 between between ADP issue-53 141 8 civil civil ADJ issue-53 141 9 law law NOUN issue-53 141 10 and and CCONJ issue-53 141 11 common common ADJ issue-53 141 12 law law NOUN issue-53 141 13 that that PRON issue-53 141 14 are be AUX issue-53 141 15 basically basically ADV issue-53 141 16 two two NUM issue-53 141 17 main main ADJ issue-53 141 18 sources source NOUN issue-53 141 19 of of ADP issue-53 141 20 law law NOUN issue-53 141 21 nowadays nowadays ADV issue-53 141 22 . . PUNCT issue-53 142 1 countries country NOUN issue-53 142 2 with with ADP issue-53 142 3 dominating dominate VERB issue-53 142 4 common common ADJ issue-53 142 5 law law NOUN issue-53 142 6 suggest suggest VERB issue-53 142 7 investors investor NOUN issue-53 142 8 a a DET issue-53 142 9 better well ADJ issue-53 142 10 protection protection NOUN issue-53 142 11 compared compare VERB issue-53 142 12 to to ADP issue-53 142 13 the the DET issue-53 142 14 countries country NOUN issue-53 142 15 where where SCONJ issue-53 142 16 civil civil ADJ issue-53 142 17 law law NOUN issue-53 142 18 dominates dominate VERB issue-53 142 19 ( ( PUNCT issue-53 142 20 la la INTJ issue-53 142 21 porta porta NOUN issue-53 142 22 et et PROPN issue-53 142 23 al al PROPN issue-53 142 24 . . PROPN issue-53 142 25 , , PUNCT issue-53 142 26 1998 1998 NUM issue-53 142 27 ) ) PUNCT issue-53 142 28 . . PUNCT issue-53 143 1 it it PRON issue-53 143 2 means mean VERB issue-53 143 3 that that SCONJ issue-53 143 4 in in ADP issue-53 143 5 common common ADJ issue-53 143 6 law law NOUN issue-53 143 7 countries country NOUN issue-53 143 8 corporate corporate ADJ issue-53 143 9 capital capital NOUN issue-53 143 10 structure structure NOUN issue-53 143 11 tends tend VERB issue-53 143 12 to to PART issue-53 143 13 have have VERB issue-53 143 14 more more ADJ issue-53 143 15 equity equity NOUN issue-53 143 16 than than ADP issue-53 143 17 debt debt NOUN issue-53 143 18 . . PUNCT issue-53 144 1 as as ADP issue-53 144 2 to to ADP issue-53 144 3 these these DET issue-53 144 4 factors factor NOUN issue-53 144 5 they they PRON issue-53 144 6 obviously obviously ADV issue-53 144 7 influence influence VERB issue-53 144 8 not not PART issue-53 144 9 only only ADV issue-53 144 10 mne mne PROPN issue-53 144 11 but but CCONJ issue-53 144 12 domestic domestic ADJ issue-53 144 13 corporations corporation NOUN issue-53 144 14 as as ADV issue-53 144 15 well well ADV issue-53 144 16 . . PUNCT issue-53 145 1 notwithstanding notwithstanding ADV issue-53 145 2 , , PUNCT issue-53 145 3 we we PRON issue-53 145 4 consider consider VERB issue-53 145 5 them they PRON issue-53 145 6 to to PART issue-53 145 7 be be AUX issue-53 145 8 of of ADP issue-53 145 9 crucial crucial ADJ issue-53 145 10 importance importance NOUN issue-53 145 11 for for ADP issue-53 145 12 mne mne NOUN issue-53 145 13 by by ADP issue-53 145 14 two two NUM issue-53 145 15 main main ADJ issue-53 145 16 reasons reason NOUN issue-53 145 17 . . PUNCT issue-53 146 1 first first ADV issue-53 146 2 , , PUNCT issue-53 146 3 domestic domestic ADJ issue-53 146 4 corporations corporation NOUN issue-53 146 5 have have VERB issue-53 146 6 some some DET issue-53 146 7 conditions condition NOUN issue-53 146 8 as as SCONJ issue-53 146 9 given give VERB issue-53 146 10 . . PUNCT issue-53 147 1 they they PRON issue-53 147 2 have have VERB issue-53 147 3 what what PRON issue-53 147 4 they they PRON issue-53 147 5 have have VERB issue-53 147 6 in in ADP issue-53 147 7 their their PRON issue-53 147 8 domestic domestic ADJ issue-53 147 9 economy economy NOUN issue-53 147 10 and and CCONJ issue-53 147 11 that that PRON issue-53 147 12 is be AUX issue-53 147 13 often often ADV issue-53 147 14 a a DET issue-53 147 15 constant constant ADJ issue-53 147 16 . . PUNCT issue-53 148 1 these these DET issue-53 148 2 conditions condition NOUN issue-53 148 3 are be AUX issue-53 148 4 sort sort ADV issue-53 148 5 of of ADV issue-53 148 6 external external ADJ issue-53 148 7 variable variable NOUN issue-53 148 8 for for ADP issue-53 148 9 local local ADJ issue-53 148 10 corporations corporation NOUN issue-53 148 11 that that PRON issue-53 148 12 cannon cannon NOUN issue-53 148 13 be be AUX issue-53 148 14 changed change VERB issue-53 148 15 . . PUNCT issue-53 149 1 mne mne PROPN issue-53 149 2 can can AUX issue-53 149 3 vary vary VERB issue-53 149 4 between between ADP issue-53 149 5 countries country NOUN issue-53 149 6 and and CCONJ issue-53 149 7 choose choose VERB issue-53 149 8 among among ADP issue-53 149 9 all all DET issue-53 149 10 possible possible ADJ issue-53 149 11 sets set NOUN issue-53 149 12 of of ADP issue-53 149 13 conditions condition NOUN issue-53 149 14 and and CCONJ issue-53 149 15 domestic domestic ADJ issue-53 149 16 constants constant NOUN issue-53 149 17 . . PUNCT issue-53 150 1 this this PRON issue-53 150 2 can can AUX issue-53 150 3 be be AUX issue-53 150 4 regarded regard VERB issue-53 150 5 as as ADP issue-53 150 6 an an DET issue-53 150 7 internal internal ADJ issue-53 150 8 variable variable NOUN issue-53 150 9 for for ADP issue-53 150 10 mnes mne NOUN issue-53 150 11 since since SCONJ issue-53 150 12 they they PRON issue-53 150 13 can can AUX issue-53 150 14 change change VERB issue-53 150 15 them they PRON issue-53 150 16 by by ADP issue-53 150 17 either either CCONJ issue-53 150 18 investing invest VERB issue-53 150 19 or or CCONJ issue-53 150 20 not not PART issue-53 150 21 or or CCONJ issue-53 150 22 by by ADP issue-53 150 23 using use VERB issue-53 150 24 special special ADJ issue-53 150 25 internal internal ADJ issue-53 150 26 fund fund NOUN issue-53 150 27 repositioning repositioning NOUN issue-53 150 28 instruments instrument NOUN issue-53 150 29 and and CCONJ issue-53 150 30 international international ADJ issue-53 150 31 debt debt NOUN issue-53 150 32 shifting shift VERB issue-53 150 33 strategy strategy NOUN issue-53 150 34 . . PUNCT issue-53 151 1 second second ADJ issue-53 151 2 , , PUNCT issue-53 151 3 mnes mne NOUN issue-53 151 4 have have VERB issue-53 151 5 much much ADV issue-53 151 6 more more ADJ issue-53 151 7 opportunities opportunity NOUN issue-53 151 8 to to PART issue-53 151 9 avoid avoid VERB issue-53 151 10 some some DET issue-53 151 11 possible possible ADJ issue-53 151 12 domestic domestic ADJ issue-53 151 13 restrictions restriction NOUN issue-53 151 14 or or CCONJ issue-53 151 15 to to PART issue-53 151 16 decrease decrease VERB issue-53 151 17 their their PRON issue-53 151 18 negative negative ADJ issue-53 151 19 influence influence NOUN issue-53 151 20 . . PUNCT issue-53 152 1 in in ADP issue-53 152 2 these these DET issue-53 152 3 terms term NOUN issue-53 152 4 the the DET issue-53 152 5 mentioned mention VERB issue-53 152 6 factors factor NOUN issue-53 152 7 are be AUX issue-53 152 8 quite quite ADV issue-53 152 9 suitable suitable ADJ issue-53 152 10 for for SCONJ issue-53 152 11 mne mne PROPN issue-53 152 12 to to PART issue-53 152 13 deal deal VERB issue-53 152 14 with with ADP issue-53 152 15 . . PUNCT issue-53 153 1 all all PRON issue-53 153 2 in in ADP issue-53 153 3 all all PRON issue-53 153 4 there there PRON issue-53 153 5 can can AUX issue-53 153 6 be be AUX issue-53 153 7 a a DET issue-53 153 8 lot lot NOUN issue-53 153 9 of of ADP issue-53 153 10 country country NOUN issue-53 153 11 specific specific ADJ issue-53 153 12 factors factor NOUN issue-53 153 13 affecting affect VERB issue-53 153 14 corporate corporate ADJ issue-53 153 15 capital capital NOUN issue-53 153 16 structure structure NOUN issue-53 153 17 . . PUNCT issue-53 154 1 the the DET issue-53 154 2 matter matter NOUN issue-53 154 3 is be AUX issue-53 154 4 which which PRON issue-53 154 5 of of ADP issue-53 154 6 them they PRON issue-53 154 7 can can AUX issue-53 154 8 be be AUX issue-53 154 9 rationally rationally ADV issue-53 154 10 grounded ground VERB issue-53 154 11 and and CCONJ issue-53 154 12 explained explain VERB issue-53 154 13 and and CCONJ issue-53 154 14 what what PRON issue-53 154 15 is be AUX issue-53 154 16 more more ADV issue-53 154 17 important important ADJ issue-53 154 18 in in ADP issue-53 154 19 the the DET issue-53 154 20 course course NOUN issue-53 154 21 of of ADP issue-53 154 22 our our PRON issue-53 154 23 study study NOUN issue-53 154 24 which which PRON issue-53 154 25 of of ADP issue-53 154 26 them they PRON issue-53 154 27 are be AUX issue-53 154 28 more more ADV issue-53 154 29 influential influential ADJ issue-53 154 30 for for ADP issue-53 154 31 mne mne PROPN issue-53 154 32 rather rather ADV issue-53 154 33 than than ADP issue-53 154 34 for for ADP issue-53 154 35 domestic domestic ADJ issue-53 154 36 corporations corporation NOUN issue-53 154 37 . . PUNCT issue-53 155 1 we we PRON issue-53 155 2 tried try VERB issue-53 155 3 to to PART issue-53 155 4 cover cover VERB issue-53 155 5 those those DET issue-53 155 6 factors factor NOUN issue-53 155 7 , , PUNCT issue-53 155 8 which which PRON issue-53 155 9 have have AUX issue-53 155 10 been be AUX issue-53 155 11 explored explore VERB issue-53 155 12 in in ADP issue-53 155 13 scientific scientific ADJ issue-53 155 14 literature literature NOUN issue-53 155 15 and and CCONJ issue-53 155 16 are be AUX issue-53 155 17 typical typical ADJ issue-53 155 18 for for ADP issue-53 155 19 mne mne PROPN issue-53 155 20 . . PUNCT issue-53 156 1 4 4 X issue-53 156 2 . . X issue-53 156 3 firm firm ADJ issue-53 156 4 specific specific ADJ issue-53 156 5 factors factor NOUN issue-53 156 6 an an DET issue-53 156 7 interesting interesting ADJ issue-53 156 8 research research NOUN issue-53 156 9 subject subject NOUN issue-53 156 10 would would AUX issue-53 156 11 be be AUX issue-53 156 12 to to PART issue-53 156 13 compare compare VERB issue-53 156 14 capital capital NOUN issue-53 156 15 structure structure NOUN issue-53 156 16 of of ADP issue-53 156 17 domestic domestic ADJ issue-53 156 18 and and CCONJ issue-53 156 19 multinational multinational ADJ issue-53 156 20 corporations corporation NOUN issue-53 156 21 . . PUNCT issue-53 157 1 such such ADJ issue-53 157 2 test test NOUN issue-53 157 3 has have AUX issue-53 157 4 hardly hardly ADV issue-53 157 5 been be AUX issue-53 157 6 carried carry VERB issue-53 157 7 out out ADP issue-53 157 8 in in ADP issue-53 157 9 the the DET issue-53 157 10 full full ADJ issue-53 157 11 statistical statistical ADJ issue-53 157 12 understanding understanding NOUN issue-53 157 13 of of ADP issue-53 157 14 this this DET issue-53 157 15 issue issue NOUN issue-53 157 16 . . PUNCT issue-53 158 1 we we PRON issue-53 158 2 mean mean VERB issue-53 158 3 three three NUM issue-53 158 4 core core NOUN issue-53 158 5 points point NOUN issue-53 158 6 here here ADV issue-53 158 7 . . PUNCT issue-53 159 1 first first ADV issue-53 159 2 , , PUNCT issue-53 159 3 the the DET issue-53 159 4 availability availability NOUN issue-53 159 5 of of ADP issue-53 159 6 data datum NOUN issue-53 159 7 for for ADP issue-53 159 8 a a DET issue-53 159 9 maximum maximum ADJ issue-53 159 10 number number NOUN issue-53 159 11 of of ADP issue-53 159 12 countries country NOUN issue-53 159 13 and and CCONJ issue-53 159 14 for for ADP issue-53 159 15 mne mne PROPN issue-53 159 16 as as ADV issue-53 159 17 well well ADV issue-53 159 18 as as ADP issue-53 159 19 for for ADP issue-53 159 20 domestic domestic ADJ issue-53 159 21 corporations corporation NOUN issue-53 159 22 . . PUNCT issue-53 160 1 second second ADV issue-53 160 2 , , PUNCT issue-53 160 3 the the DET issue-53 160 4 availability availability NOUN issue-53 160 5 of of ADP issue-53 160 6 data datum NOUN issue-53 160 7 for for ADP issue-53 160 8 all all DET issue-53 160 9 possible possible ADJ issue-53 160 10 industries industry NOUN issue-53 160 11 . . PUNCT issue-53 161 1 third third ADJ issue-53 161 2 , , PUNCT issue-53 161 3 the the DET issue-53 161 4 availability availability NOUN issue-53 161 5 of of ADP issue-53 161 6 methodologically methodologically ADV issue-53 161 7 comparable comparable ADJ issue-53 161 8 data datum NOUN issue-53 161 9 , , PUNCT issue-53 161 10 which which PRON issue-53 161 11 can can AUX issue-53 161 12 be be AUX issue-53 161 13 presented present VERB issue-53 161 14 either either CCONJ issue-53 161 15 in in ADP issue-53 161 16 one one NUM issue-53 161 17 standard standard NOUN issue-53 161 18 or or CCONJ issue-53 161 19 another another PRON issue-53 161 20 . . PUNCT issue-53 162 1 these these DET issue-53 162 2 points point NOUN issue-53 162 3 bring bring VERB issue-53 162 4 about about ADP issue-53 162 5 that that SCONJ issue-53 162 6 the the DET issue-53 162 7 study study NOUN issue-53 162 8 of of ADP issue-53 162 9 this this DET issue-53 162 10 type type NOUN issue-53 162 11 contains contain VERB issue-53 162 12 mostly mostly ADV issue-53 162 13 some some PRON issue-53 162 14 of of ADP issue-53 162 15 the the DET issue-53 162 16 above above ADV issue-53 162 17 - - PUNCT issue-53 162 18 mentioned mention VERB issue-53 162 19 limitations limitation NOUN issue-53 162 20 . . PUNCT issue-53 163 1 we we PRON issue-53 163 2 do do AUX issue-53 163 3 not not PART issue-53 163 4 pretend pretend VERB issue-53 163 5 to to ADP issue-53 163 6 1 1 NUM issue-53 163 7 these these DET issue-53 163 8 three three NUM issue-53 163 9 mnes mne NOUN issue-53 163 10 have have AUX issue-53 163 11 been be AUX issue-53 163 12 selected select VERB issue-53 163 13 from from ADP issue-53 163 14 unctad unctad PROPN issue-53 163 15 top-100 top-100 PROPN issue-53 163 16 non non ADJ issue-53 163 17 - - ADJ issue-53 163 18 financial financial ADJ issue-53 163 19 tncs tnc NOUN issue-53 163 20 rating rating NOUN issue-53 163 21 considering consider VERB issue-53 163 22 different different ADJ issue-53 163 23 industries industry NOUN issue-53 163 24 and and CCONJ issue-53 163 25 different different ADJ issue-53 163 26 home home NOUN issue-53 163 27 countries country NOUN issue-53 163 28 being be AUX issue-53 163 29 represented represent VERB issue-53 163 30 . . PUNCT issue-53 164 1 table table NOUN issue-53 164 2 1 1 NUM issue-53 164 3 long long ADJ issue-53 164 4 - - PUNCT issue-53 164 5 term term NOUN issue-53 164 6 debt debt NOUN issue-53 164 7 ratio ratio NOUN issue-53 164 8 of of ADP issue-53 164 9 mnes mne NOUN issue-53 164 10 from from ADP issue-53 164 11 different different ADJ issue-53 164 12 home home NOUN issue-53 164 13 countries country NOUN issue-53 164 14 year year VERB issue-53 164 15 toyota toyota PROPN issue-53 164 16 motor motor PROPN issue-53 164 17 corporation corporation PROPN issue-53 164 18 nestlé nestlé PROPN issue-53 164 19 sa sa PROPN issue-53 164 20 wal wal PROPN issue-53 164 21 - - PROPN issue-53 164 22 mart mart PROPN issue-53 164 23 stores stores PROPN issue-53 164 24 inc inc PROPN issue-53 164 25 . . PROPN issue-53 164 26 2004 2004 NUM issue-53 165 1 0.1927 0.1927 NUM issue-53 166 1 0.0806 0.0806 NUM issue-53 166 2 0.1907 0.1907 NUM issue-53 166 3 2005 2005 NUM issue-53 166 4 0.2061 0.2061 NUM issue-53 166 5 0.0672 0.0672 NUM issue-53 166 6 0.1936 0.1936 NUM issue-53 166 7 2006 2006 NUM issue-53 166 8 0.1963 0.1963 NUM issue-53 167 1 0.0683 0.0683 NUM issue-53 167 2 0.2178 0.2178 NUM issue-53 167 3 2007 2007 NUM issue-53 167 4 0.1923 0.1923 NUM issue-53 168 1 0.0531 0.0531 NUM issue-53 168 2 0.2028 0.2028 NUM issue-53 168 3 2008 2008 NUM issue-53 168 4 0.1843 0.1843 NUM issue-53 168 5 0.0597 0.0597 NUM issue-53 168 6 0.2043 0.2043 NUM issue-53 168 7 2009 2009 NUM issue-53 168 8 0.2168 0.2168 NUM issue-53 168 9 0.0808 0.0808 NUM issue-53 168 10 0.2114 0.2114 NUM issue-53 169 1 2010 2010 NUM issue-53 169 2 0.2312 0.2312 NUM issue-53 169 3 0.0670 0.0670 NUM issue-53 169 4 0.2136 0.2136 NUM issue-53 169 5 2011 2011 NUM issue-53 169 6 0.2156 0.2156 NUM issue-53 169 7 0.0544 0.0544 NUM issue-53 169 8 0.2425 0.2425 NUM issue-53 169 9 2012 2012 NUM issue-53 169 10 0.1971 0.1971 NUM issue-53 169 11 0.0664 0.0664 NUM issue-53 169 12 0.2434 0.2434 NUM issue-53 169 13 2013 2013 NUM issue-53 170 1 0.2068 0.2068 NUM issue-53 170 2 0.0860 0.0860 NUM issue-53 170 3 0.2039 0.2039 NUM issue-53 170 4 2014 2014 NUM issue-53 170 5 0.2063 0.2063 NUM issue-53 170 6 0.0929 0.0929 NUM issue-53 170 7 0.2176 0.2176 NUM issue-53 170 8 2015 2015 NUM issue-53 170 9 0.2145 0.2145 NUM issue-53 170 10 average average ADJ issue-53 170 11 0.2041 0.2041 NUM issue-53 170 12 0.0706 0.0706 NUM issue-53 170 13 0.2130 0.2130 NUM issue-53 170 14 domestic domestic ADJ issue-53 170 15 average average NOUN issue-53 170 16 0.11 0.11 NUM issue-53 170 17 0.15 0.15 NUM issue-53 170 18 0.15 0.15 NUM issue-53 170 19 notes note NOUN issue-53 170 20 : : PUNCT issue-53 170 21 1 1 X issue-53 170 22 . . NUM issue-53 170 23 calculated calculate VERB issue-53 170 24 by by ADP issue-53 170 25 the the DET issue-53 170 26 authors author NOUN issue-53 170 27 using use VERB issue-53 170 28 corporate corporate ADJ issue-53 170 29 consolidated consolidated ADJ issue-53 170 30 financial financial ADJ issue-53 170 31 statements statement NOUN issue-53 170 32 for for ADP issue-53 170 33 respective respective ADJ issue-53 170 34 years year NOUN issue-53 170 35 . . PUNCT issue-53 171 1 2 2 X issue-53 171 2 . . X issue-53 171 3 the the DET issue-53 171 4 ratio ratio NOUN issue-53 171 5 is be AUX issue-53 171 6 methodologically methodologically ADV issue-53 171 7 computed compute VERB issue-53 171 8 as as ADP issue-53 171 9 a a DET issue-53 171 10 relation relation NOUN issue-53 171 11 of of ADP issue-53 171 12 long long ADJ issue-53 171 13 - - PUNCT issue-53 171 14 term term NOUN issue-53 171 15 debt debt NOUN issue-53 171 16 to to ADP issue-53 171 17 total total ADJ issue-53 171 18 assets asset NOUN issue-53 171 19 . . PUNCT issue-53 172 1 3 3 X issue-53 172 2 . . X issue-53 172 3 reporting report VERB issue-53 172 4 financial financial ADJ issue-53 172 5 years year NOUN issue-53 172 6 end end VERB issue-53 172 7 on on ADP issue-53 172 8 different different ADJ issue-53 172 9 dates date NOUN issue-53 172 10 in in ADP issue-53 172 11 different different ADJ issue-53 172 12 countries country NOUN issue-53 172 13 : : PUNCT issue-53 172 14 the the DET issue-53 172 15 usa usa PROPN issue-53 172 16 ( ( PUNCT issue-53 172 17 wal wal PROPN issue-53 172 18 - - PUNCT issue-53 172 19 mart mart PROPN issue-53 172 20 stores stores PROPN issue-53 172 21 inc inc PROPN issue-53 172 22 . . PROPN issue-53 172 23 ) ) PUNCT issue-53 173 1 – – PUNCT issue-53 173 2 december december PROPN issue-53 173 3 31 31 NUM issue-53 173 4 , , PUNCT issue-53 173 5 switzerland switzerland PROPN issue-53 173 6 ( ( PUNCT issue-53 173 7 nestlé nestlé PROPN issue-53 173 8 sa sa PROPN issue-53 173 9 ) ) PUNCT issue-53 173 10 – – PUNCT issue-53 173 11 december december PROPN issue-53 173 12 31 31 NUM issue-53 173 13 , , PUNCT issue-53 173 14 japan japan PROPN issue-53 173 15 ( ( PUNCT issue-53 173 16 toyota toyota PROPN issue-53 173 17 motor motor NOUN issue-53 173 18 corporation corporation PROPN issue-53 173 19 ) ) PUNCT issue-53 173 20 – – PUNCT issue-53 173 21 march march PROPN issue-53 173 22 31 31 NUM issue-53 173 23 . . PUNCT issue-53 173 24 4 4 NUM issue-53 173 25 . . PUNCT issue-53 174 1 ‘ ' PUNCT issue-53 174 2 average average ADJ issue-53 174 3 ’ ' PUNCT issue-53 174 4 is be AUX issue-53 174 5 computed compute VERB issue-53 174 6 as as ADP issue-53 174 7 a a DET issue-53 174 8 simple simple ADJ issue-53 174 9 arithmetic arithmetic ADJ issue-53 174 10 average average NOUN issue-53 174 11 . . PUNCT issue-53 175 1 5 5 NUM issue-53 175 2 . . PUNCT issue-53 175 3 ‘ ' PUNCT issue-53 175 4 domestic domestic ADJ issue-53 175 5 average average NOUN issue-53 175 6 ’ ' PUNCT issue-53 175 7 is be AUX issue-53 175 8 a a DET issue-53 175 9 figure figure NOUN issue-53 175 10 presented present VERB issue-53 175 11 in in ADP issue-53 175 12 ( ( PUNCT issue-53 175 13 cho cho NOUN issue-53 175 14 et et PROPN issue-53 175 15 al al PROPN issue-53 175 16 . . PROPN issue-53 175 17 , , PUNCT issue-53 175 18 2014 2014 NUM issue-53 175 19 ) ) PUNCT issue-53 175 20 and and CCONJ issue-53 175 21 is be AUX issue-53 175 22 an an DET issue-53 175 23 average average ADJ issue-53 175 24 long long ADJ issue-53 175 25 - - PUNCT issue-53 175 26 term term NOUN issue-53 175 27 debt debt NOUN issue-53 175 28 ratio ratio NOUN issue-53 175 29 for for ADP issue-53 175 30 domestic domestic ADJ issue-53 175 31 corporations corporation NOUN issue-53 175 32 in in ADP issue-53 175 33 japan japan PROPN issue-53 175 34 , , PUNCT issue-53 175 35 switzerland switzerland PROPN issue-53 175 36 and and CCONJ issue-53 175 37 the the DET issue-53 175 38 usa usa PROPN issue-53 175 39 respectively respectively ADV issue-53 175 40 . . PUNCT issue-53 176 1 baltic baltic PROPN issue-53 176 2 journal journal PROPN issue-53 176 3 of of ADP issue-53 176 4 economic economic ADJ issue-53 176 5 studies study NOUN issue-53 176 6 158 158 NUM issue-53 176 7 vol vol NOUN issue-53 176 8 . . PROPN issue-53 177 1 1 1 NUM issue-53 177 2 , , PUNCT issue-53 177 3 no no INTJ issue-53 177 4 . . NOUN issue-53 177 5 2 2 NUM issue-53 177 6 , , PUNCT issue-53 177 7 2015 2015 NUM issue-53 177 8 fill fill VERB issue-53 177 9 this this DET issue-53 177 10 gap gap NOUN issue-53 177 11 in in ADP issue-53 177 12 the the DET issue-53 177 13 present present ADJ issue-53 177 14 study study NOUN issue-53 177 15 but but CCONJ issue-53 177 16 just just ADV issue-53 177 17 try try VERB issue-53 177 18 to to PART issue-53 177 19 compare compare VERB issue-53 177 20 some some DET issue-53 177 21 typical typical ADJ issue-53 177 22 mnes mne NOUN issue-53 177 23 from from ADP issue-53 177 24 different different ADJ issue-53 177 25 home home NOUN issue-53 177 26 countries country NOUN issue-53 177 27 and and CCONJ issue-53 177 28 representing represent VERB issue-53 177 29 different different ADJ issue-53 177 30 industries1 industries1 NOUN issue-53 177 31 ( ( PUNCT issue-53 177 32 table table NOUN issue-53 177 33 1 1 NUM issue-53 177 34 ) ) PUNCT issue-53 177 35 . . PUNCT issue-53 178 1 the the DET issue-53 178 2 above above ADV issue-53 178 3 - - PUNCT issue-53 178 4 mentioned mention VERB issue-53 178 5 issues issue NOUN issue-53 178 6 of of ADP issue-53 178 7 mne mne PROPN issue-53 178 8 activity activity NOUN issue-53 178 9 on on ADP issue-53 178 10 international international ADJ issue-53 178 11 markets market NOUN issue-53 178 12 allows allow VERB issue-53 178 13 assuming assume VERB issue-53 178 14 that that SCONJ issue-53 178 15 they they PRON issue-53 178 16 would would AUX issue-53 178 17 have have VERB issue-53 178 18 relatively relatively ADV issue-53 178 19 more more ADJ issue-53 178 20 debt debt NOUN issue-53 178 21 in in ADP issue-53 178 22 their their PRON issue-53 178 23 capital capital NOUN issue-53 178 24 structure structure NOUN issue-53 178 25 , , PUNCT issue-53 178 26 particularly particularly ADV issue-53 178 27 due due ADJ issue-53 178 28 to to ADP issue-53 178 29 more more ADV issue-53 178 30 favorable favorable ADJ issue-53 178 31 borrowing borrowing NOUN issue-53 178 32 conditions condition NOUN issue-53 178 33 on on ADP issue-53 178 34 internal internal ADJ issue-53 178 35 and and CCONJ issue-53 178 36 international international ADJ issue-53 178 37 markets market NOUN issue-53 178 38 . . PUNCT issue-53 179 1 however however ADV issue-53 179 2 , , PUNCT issue-53 179 3 the the DET issue-53 179 4 data datum NOUN issue-53 179 5 of of ADP issue-53 179 6 table table NOUN issue-53 179 7 1 1 NUM issue-53 179 8 shows show VERB issue-53 179 9 that that SCONJ issue-53 179 10 2 2 NUM issue-53 179 11 of of ADP issue-53 179 12 3 3 NUM issue-53 179 13 average average ADJ issue-53 179 14 ratios ratio NOUN issue-53 179 15 for for ADP issue-53 179 16 mne mne PROPN issue-53 179 17 substantially substantially ADV issue-53 179 18 exceed exceed VERB issue-53 179 19 the the DET issue-53 179 20 average average ADJ issue-53 179 21 ratio ratio NOUN issue-53 179 22 of of ADP issue-53 179 23 0.12 0.12 NUM issue-53 179 24 for for ADP issue-53 179 25 domestic domestic ADJ issue-53 179 26 corporations corporation NOUN issue-53 179 27 from from ADP issue-53 179 28 the the DET issue-53 179 29 mentioned mention VERB issue-53 179 30 study study NOUN issue-53 179 31 . . PUNCT issue-53 180 1 the the DET issue-53 180 2 equal equal ADJ issue-53 180 3 0.2041 0.2041 NUM issue-53 180 4 and and CCONJ issue-53 180 5 0.2130 0.2130 NUM issue-53 180 6 for for ADP issue-53 180 7 toyota toyota PROPN issue-53 180 8 motor motor NOUN issue-53 180 9 corporation corporation PROPN issue-53 180 10 and and CCONJ issue-53 180 11 wal wal PROPN issue-53 180 12 - - PROPN issue-53 180 13 mart mart PROPN issue-53 180 14 stores stores PROPN issue-53 180 15 inc inc PROPN issue-53 180 16 . . PROPN issue-53 180 17 respectively respectively ADV issue-53 180 18 . . PUNCT issue-53 181 1 only only ADV issue-53 181 2 the the DET issue-53 181 3 average average ADJ issue-53 181 4 ratio ratio NOUN issue-53 181 5 for for ADP issue-53 181 6 nestlé nestlé PROPN issue-53 181 7 sa sa PROPN issue-53 181 8 is be AUX issue-53 181 9 smaller small ADJ issue-53 181 10 – – PUNCT issue-53 181 11 0.0706 0.0706 NUM issue-53 181 12 . . PUNCT issue-53 182 1 what what PRON issue-53 182 2 is be AUX issue-53 182 3 important important ADJ issue-53 182 4 , , PUNCT issue-53 182 5 average average ADJ issue-53 182 6 ratios ratio NOUN issue-53 182 7 for for ADP issue-53 182 8 toyota toyota PROPN issue-53 182 9 and and CCONJ issue-53 182 10 wal wal PROPN issue-53 182 11 - - PUNCT issue-53 182 12 mart mart PROPN issue-53 182 13 also also ADV issue-53 182 14 substantially substantially ADV issue-53 182 15 exceed exceed VERB issue-53 182 16 average average ADJ issue-53 182 17 ratios ratio NOUN issue-53 182 18 for for ADP issue-53 182 19 domestic domestic ADJ issue-53 182 20 corporations corporation NOUN issue-53 182 21 in in ADP issue-53 182 22 these these DET issue-53 182 23 countries country NOUN issue-53 182 24 that that PRON issue-53 182 25 equal equal VERB issue-53 182 26 0.11 0.11 NUM issue-53 182 27 and and CCONJ issue-53 182 28 0.15 0.15 NUM issue-53 182 29 respectively respectively ADV issue-53 182 30 . . PUNCT issue-53 183 1 for for ADP issue-53 183 2 nestlé nestlé PROPN issue-53 183 3 this this DET issue-53 183 4 figure figure NOUN issue-53 183 5 is be AUX issue-53 183 6 again again ADV issue-53 183 7 more more ADJ issue-53 183 8 than than ADP issue-53 183 9 twice twice ADV issue-53 183 10 lower low ADJ issue-53 183 11 , , PUNCT issue-53 183 12 though though SCONJ issue-53 183 13 this this DET issue-53 183 14 difference difference NOUN issue-53 183 15 can can AUX issue-53 183 16 be be AUX issue-53 183 17 explained explain VERB issue-53 183 18 by by ADP issue-53 183 19 industry industry NOUN issue-53 183 20 specificity specificity NOUN issue-53 183 21 . . PUNCT issue-53 184 1 to to PART issue-53 184 2 support support VERB issue-53 184 3 this this DET issue-53 184 4 contradiction contradiction NOUN issue-53 184 5 we we PRON issue-53 184 6 must must AUX issue-53 184 7 mention mention VERB issue-53 184 8 that that SCONJ issue-53 184 9 a a DET issue-53 184 10 traditional traditional ADJ issue-53 184 11 statement statement NOUN issue-53 184 12 of of ADP issue-53 184 13 such such ADJ issue-53 184 14 hypothesis hypothesis NOUN issue-53 184 15 stems stem VERB issue-53 184 16 from from ADP issue-53 184 17 dunning dun VERB issue-53 184 18 oli oli ADJ issue-53 184 19 paradigm paradigm NOUN issue-53 184 20 . . PUNCT issue-53 185 1 it it PRON issue-53 185 2 implies imply VERB issue-53 185 3 that that SCONJ issue-53 185 4 mne mne PROPN issue-53 185 5 have have AUX issue-53 185 6 unique unique ADJ issue-53 185 7 specific specific ADJ issue-53 185 8 assets asset NOUN issue-53 185 9 including include VERB issue-53 185 10 technology technology NOUN issue-53 185 11 , , PUNCT issue-53 185 12 patents patent NOUN issue-53 185 13 , , PUNCT issue-53 185 14 brands brand NOUN issue-53 185 15 and and CCONJ issue-53 185 16 what what PRON issue-53 185 17 is be AUX issue-53 185 18 more more ADV issue-53 185 19 important important ADJ issue-53 185 20 the the DET issue-53 185 21 ability ability NOUN issue-53 185 22 to to PART issue-53 185 23 create create VERB issue-53 185 24 such such ADJ issue-53 185 25 assets asset NOUN issue-53 185 26 that that PRON issue-53 185 27 allows allow VERB issue-53 185 28 them they PRON issue-53 185 29 to to PART issue-53 185 30 successfully successfully ADV issue-53 185 31 compete compete VERB issue-53 185 32 in in ADP issue-53 185 33 international international ADJ issue-53 185 34 markets market NOUN issue-53 185 35 ( ( PUNCT issue-53 185 36 rogach rogach NOUN issue-53 185 37 , , PUNCT issue-53 185 38 2005 2005 NUM issue-53 185 39 ) ) PUNCT issue-53 185 40 . . PUNCT issue-53 186 1 such such ADJ issue-53 186 2 hypothesis hypothesis NOUN issue-53 186 3 statement statement NOUN issue-53 186 4 allows allow VERB issue-53 186 5 to to PART issue-53 186 6 assume assume VERB issue-53 186 7 that that SCONJ issue-53 186 8 mne mne PROPN issue-53 186 9 must must AUX issue-53 186 10 have have VERB issue-53 186 11 relatively relatively ADV issue-53 186 12 low low ADJ issue-53 186 13 ratios ratio NOUN issue-53 186 14 of of ADP issue-53 186 15 debt debt NOUN issue-53 186 16 capital capital NOUN issue-53 186 17 usage usage NOUN issue-53 186 18 since since SCONJ issue-53 186 19 the the DET issue-53 186 20 availability availability NOUN issue-53 186 21 of of ADP issue-53 186 22 specific specific ADJ issue-53 186 23 assets asset NOUN issue-53 186 24 affects affect VERB issue-53 186 25 the the DET issue-53 186 26 increase increase NOUN issue-53 186 27 in in ADP issue-53 186 28 returns return NOUN issue-53 186 29 and and CCONJ issue-53 186 30 growth growth NOUN issue-53 186 31 potential potential NOUN issue-53 186 32 , , PUNCT issue-53 186 33 high high ADJ issue-53 186 34 market market NOUN issue-53 186 35 - - PUNCT issue-53 186 36 to to ADP issue-53 186 37 - - PUNCT issue-53 186 38 book book NOUN issue-53 186 39 equity equity NOUN issue-53 186 40 ratios ratio NOUN issue-53 186 41 that that PRON issue-53 186 42 is be AUX issue-53 186 43 typical typical ADJ issue-53 186 44 for for ADP issue-53 186 45 low low ADJ issue-53 186 46 debt debt NOUN issue-53 186 47 using use VERB issue-53 186 48 companies company NOUN issue-53 186 49 ( ( PUNCT issue-53 186 50 park park NOUN issue-53 186 51 et et PROPN issue-53 186 52 al al PROPN issue-53 186 53 . . PROPN issue-53 186 54 , , PUNCT issue-53 186 55 2013 2013 NUM issue-53 186 56 ) ) PUNCT issue-53 186 57 . . PUNCT issue-53 187 1 empirical empirical ADJ issue-53 187 2 results result NOUN issue-53 187 3 of of ADP issue-53 187 4 this this DET issue-53 187 5 research research NOUN issue-53 187 6 show show NOUN issue-53 187 7 , , PUNCT issue-53 187 8 that that SCONJ issue-53 187 9 us us PROPN issue-53 187 10 multinationals multinational NOUN issue-53 187 11 and and CCONJ issue-53 187 12 domestic domestic ADJ issue-53 187 13 corporations corporation NOUN issue-53 187 14 do do AUX issue-53 187 15 not not PART issue-53 187 16 differ differ VERB issue-53 187 17 significantly significantly ADV issue-53 187 18 in in ADP issue-53 187 19 their their PRON issue-53 187 20 capital capital NOUN issue-53 187 21 structures structure NOUN issue-53 187 22 . . PUNCT issue-53 188 1 most most ADJ issue-53 188 2 studies study NOUN issue-53 188 3 however however ADV issue-53 188 4 confirm confirm VERB issue-53 188 5 the the DET issue-53 188 6 idea idea NOUN issue-53 188 7 that that SCONJ issue-53 188 8 mne mne PROPN issue-53 188 9 use use VERB issue-53 188 10 relatively relatively ADV issue-53 188 11 less less ADJ issue-53 188 12 debt debt NOUN issue-53 188 13 in in ADP issue-53 188 14 their their PRON issue-53 188 15 capital capital NOUN issue-53 188 16 structure structure NOUN issue-53 188 17 than than ADP issue-53 188 18 domestic domestic ADJ issue-53 188 19 corporations corporation NOUN issue-53 188 20 ( ( PUNCT issue-53 188 21 lee lee PROPN issue-53 188 22 and and CCONJ issue-53 188 23 kwok kwok PROPN issue-53 188 24 , , PUNCT issue-53 188 25 1988 1988 NUM issue-53 188 26 ) ) PUNCT issue-53 188 27 . . PUNCT issue-53 189 1 this this PRON issue-53 189 2 is be AUX issue-53 189 3 explained explain VERB issue-53 189 4 mostly mostly ADV issue-53 189 5 using use VERB issue-53 189 6 the the DET issue-53 189 7 agency agency NOUN issue-53 189 8 theory theory NOUN issue-53 189 9 according accord VERB issue-53 189 10 to to ADP issue-53 189 11 which which PRON issue-53 189 12 mne mne PROPN issue-53 189 13 have have VERB issue-53 189 14 higher high ADJ issue-53 189 15 level level NOUN issue-53 189 16 of of ADP issue-53 189 17 agency agency NOUN issue-53 189 18 expenses expense NOUN issue-53 189 19 and and CCONJ issue-53 189 20 information information NOUN issue-53 189 21 asymmetry asymmetry NOUN issue-53 189 22 and and CCONJ issue-53 189 23 thus thus ADV issue-53 189 24 tend tend VERB issue-53 189 25 to to PART issue-53 189 26 cut cut VERB issue-53 189 27 debt debt NOUN issue-53 189 28 financing financing NOUN issue-53 189 29 ( ( PUNCT issue-53 189 30 burgman burgman NOUN issue-53 189 31 , , PUNCT issue-53 189 32 1996 1996 NUM issue-53 189 33 ) ) PUNCT issue-53 189 34 . . PUNCT issue-53 190 1 agency agency NOUN issue-53 190 2 costs cost NOUN issue-53 190 3 also also ADV issue-53 190 4 increase increase VERB issue-53 190 5 due due ADJ issue-53 190 6 to to ADP issue-53 190 7 greater great ADJ issue-53 190 8 vulnerability vulnerability NOUN issue-53 190 9 of of ADP issue-53 190 10 mnes mne NOUN issue-53 190 11 to to ADP issue-53 190 12 local local ADJ issue-53 190 13 legal legal ADJ issue-53 190 14 and and CCONJ issue-53 190 15 political political ADJ issue-53 190 16 factors factor NOUN issue-53 190 17 ( ( PUNCT issue-53 190 18 doukas doukas NOUN issue-53 190 19 and and CCONJ issue-53 190 20 pantzalis pantzali NOUN issue-53 190 21 , , PUNCT issue-53 190 22 2003 2003 NUM issue-53 190 23 ) ) PUNCT issue-53 190 24 . . PUNCT issue-53 191 1 another another DET issue-53 191 2 important important ADJ issue-53 191 3 for for ADP issue-53 191 4 mne mne PROPN issue-53 191 5 firm firm ADJ issue-53 191 6 specific specific ADJ issue-53 191 7 factor factor NOUN issue-53 191 8 of of ADP issue-53 191 9 corporate corporate ADJ issue-53 191 10 capital capital NOUN issue-53 191 11 structure structure NOUN issue-53 191 12 is be AUX issue-53 191 13 the the DET issue-53 191 14 tangibility tangibility NOUN issue-53 191 15 of of ADP issue-53 191 16 assets asset NOUN issue-53 191 17 . . PUNCT issue-53 192 1 here here ADV issue-53 192 2 the the DET issue-53 192 3 literature literature NOUN issue-53 192 4 considers consider VERB issue-53 192 5 what what DET issue-53 192 6 type type NOUN issue-53 192 7 of of ADP issue-53 192 8 assets asset NOUN issue-53 192 9 – – PUNCT issue-53 192 10 tangible tangible ADJ issue-53 192 11 or or CCONJ issue-53 192 12 intangible intangible ADJ issue-53 192 13 – – PUNCT issue-53 192 14 prevails prevail NOUN issue-53 192 15 in in ADP issue-53 192 16 corporate corporate ADJ issue-53 192 17 asset asset NOUN issue-53 192 18 set set NOUN issue-53 192 19 . . PUNCT issue-53 193 1 according accord VERB issue-53 193 2 to to ADP issue-53 193 3 the the DET issue-53 193 4 trade trade NOUN issue-53 193 5 - - PUNCT issue-53 193 6 off off ADP issue-53 193 7 theory theory NOUN issue-53 193 8 , , PUNCT issue-53 193 9 intangible intangible ADJ issue-53 193 10 assets asset NOUN issue-53 193 11 are be AUX issue-53 193 12 more more ADV issue-53 193 13 sensitive sensitive ADJ issue-53 193 14 to to ADP issue-53 193 15 corporate corporate ADJ issue-53 193 16 problems problem NOUN issue-53 193 17 and and CCONJ issue-53 193 18 this this PRON issue-53 193 19 brings bring VERB issue-53 193 20 about about ADP issue-53 193 21 the the DET issue-53 193 22 lower low ADJ issue-53 193 23 investor investor NOUN issue-53 193 24 value value NOUN issue-53 193 25 during during ADP issue-53 193 26 financial financial ADJ issue-53 193 27 distress distress NOUN issue-53 193 28 or or CCONJ issue-53 193 29 bankruptcy bankruptcy NOUN issue-53 193 30 ( ( PUNCT issue-53 193 31 hart hart PROPN issue-53 193 32 and and CCONJ issue-53 193 33 moore moore PROPN issue-53 193 34 , , PUNCT issue-53 193 35 1994 1994 NUM issue-53 193 36 ) ) PUNCT issue-53 193 37 . . PUNCT issue-53 194 1 the the DET issue-53 194 2 idea idea NOUN issue-53 194 3 of of ADP issue-53 194 4 this this DET issue-53 194 5 message message NOUN issue-53 194 6 is be AUX issue-53 194 7 that that SCONJ issue-53 194 8 intangible intangible ADJ issue-53 194 9 assets asset NOUN issue-53 194 10 have have VERB issue-53 194 11 lower low ADJ issue-53 194 12 liquidation liquidation NOUN issue-53 194 13 value value NOUN issue-53 194 14 . . PUNCT issue-53 195 1 it it PRON issue-53 195 2 means mean VERB issue-53 195 3 that that SCONJ issue-53 195 4 corporations corporation NOUN issue-53 195 5 with with ADP issue-53 195 6 more more ADJ issue-53 195 7 tangible tangible ADJ issue-53 195 8 assets asset NOUN issue-53 195 9 can can AUX issue-53 195 10 afford afford VERB issue-53 195 11 attracting attract VERB issue-53 195 12 more more ADJ issue-53 195 13 debt debt NOUN issue-53 195 14 financing financing NOUN issue-53 195 15 since since SCONJ issue-53 195 16 tangible tangible ADJ issue-53 195 17 assets asset NOUN issue-53 195 18 have have VERB issue-53 195 19 higher high ADJ issue-53 195 20 liquidation liquidation NOUN issue-53 195 21 value value NOUN issue-53 195 22 . . PUNCT issue-53 196 1 in in ADP issue-53 196 2 terms term NOUN issue-53 196 3 of of ADP issue-53 196 4 agency agency NOUN issue-53 196 5 theory theory NOUN issue-53 196 6 , , PUNCT issue-53 196 7 intangible intangible ADJ issue-53 196 8 assets asset NOUN issue-53 196 9 are be AUX issue-53 196 10 riskier risky ADJ issue-53 196 11 and and CCONJ issue-53 196 12 can can AUX issue-53 196 13 be be AUX issue-53 196 14 replaced replace VERB issue-53 196 15 by by ADP issue-53 196 16 riskier risky ADJ issue-53 196 17 assets asset NOUN issue-53 196 18 . . PUNCT issue-53 197 1 thus thus ADV issue-53 197 2 , , PUNCT issue-53 197 3 they they PRON issue-53 197 4 can can AUX issue-53 197 5 be be AUX issue-53 197 6 lost lose VERB issue-53 197 7 or or CCONJ issue-53 197 8 illegally illegally ADV issue-53 197 9 expropriated expropriate VERB issue-53 197 10 with with ADP issue-53 197 11 higher high ADJ issue-53 197 12 probability probability NOUN issue-53 197 13 . . PUNCT issue-53 198 1 tangible tangible ADJ issue-53 198 2 assets asset NOUN issue-53 198 3 are be AUX issue-53 198 4 less less ADV issue-53 198 5 risky risky ADJ issue-53 198 6 and and CCONJ issue-53 198 7 are be AUX issue-53 198 8 more more ADV issue-53 198 9 often often ADV issue-53 198 10 used use VERB issue-53 198 11 as as ADP issue-53 198 12 a a DET issue-53 198 13 collateral collateral NOUN issue-53 198 14 thus thus ADV issue-53 198 15 decreasing decrease VERB issue-53 198 16 creditor creditor NOUN issue-53 198 17 ’s ’s PART issue-53 198 18 agency agency NOUN issue-53 198 19 risk risk NOUN issue-53 198 20 . . PUNCT issue-53 199 1 therefore therefore ADV issue-53 199 2 , , PUNCT issue-53 199 3 corporations corporation NOUN issue-53 199 4 tend tend VERB issue-53 199 5 to to PART issue-53 199 6 increase increase VERB issue-53 199 7 the the DET issue-53 199 8 share share NOUN issue-53 199 9 of of ADP issue-53 199 10 equities equity NOUN issue-53 199 11 in in ADP issue-53 199 12 their their PRON issue-53 199 13 capital capital NOUN issue-53 199 14 structure structure NOUN issue-53 199 15 if if SCONJ issue-53 199 16 they they PRON issue-53 199 17 have have VERB issue-53 199 18 relatively relatively ADV issue-53 199 19 more more ADV issue-53 199 20 intangible intangible ADJ issue-53 199 21 assets asset NOUN issue-53 199 22 . . PUNCT issue-53 200 1 the the DET issue-53 200 2 pecking pecking NOUN issue-53 200 3 order order NOUN issue-53 200 4 theory theory NOUN issue-53 200 5 states state VERB issue-53 200 6 that that SCONJ issue-53 200 7 corporations corporation NOUN issue-53 200 8 with with ADP issue-53 200 9 higher high ADJ issue-53 200 10 share share NOUN issue-53 200 11 of of ADP issue-53 200 12 tangible tangible ADJ issue-53 200 13 assets asset NOUN issue-53 200 14 are be AUX issue-53 200 15 less less ADV issue-53 200 16 exposed expose VERB issue-53 200 17 to to ADP issue-53 200 18 information information NOUN issue-53 200 19 asymmetry asymmetry NOUN issue-53 200 20 compared compare VERB issue-53 200 21 to to ADP issue-53 200 22 corporations corporation NOUN issue-53 200 23 with with ADP issue-53 200 24 higher high ADJ issue-53 200 25 shares share NOUN issue-53 200 26 of of ADP issue-53 200 27 intangible intangible ADJ issue-53 200 28 assets asset NOUN issue-53 200 29 . . PUNCT issue-53 201 1 it it PRON issue-53 201 2 means mean VERB issue-53 201 3 that that SCONJ issue-53 201 4 equity equity NOUN issue-53 201 5 issue issue NOUN issue-53 201 6 is be AUX issue-53 201 7 cheaper cheap ADJ issue-53 201 8 for for ADP issue-53 201 9 such such ADJ issue-53 201 10 corporations corporation NOUN issue-53 201 11 and and CCONJ issue-53 201 12 thus thus ADV issue-53 201 13 the the DET issue-53 201 14 use use NOUN issue-53 201 15 of of ADP issue-53 201 16 debt debt NOUN issue-53 201 17 decreases decrease VERB issue-53 201 18 . . PUNCT issue-53 202 1 the the DET issue-53 202 2 importance importance NOUN issue-53 202 3 of of ADP issue-53 202 4 this this DET issue-53 202 5 factor factor NOUN issue-53 202 6 for for ADP issue-53 202 7 mne mne PROPN issue-53 202 8 has have VERB issue-53 202 9 two two NUM issue-53 202 10 main main ADJ issue-53 202 11 explanations explanation NOUN issue-53 202 12 . . PUNCT issue-53 203 1 first first ADV issue-53 203 2 , , PUNCT issue-53 203 3 the the DET issue-53 203 4 existence existence NOUN issue-53 203 5 of of ADP issue-53 203 6 intangible intangible ADJ issue-53 203 7 assets asset NOUN issue-53 203 8 is be AUX issue-53 203 9 one one NUM issue-53 203 10 of of ADP issue-53 203 11 the the DET issue-53 203 12 main main ADJ issue-53 203 13 features feature NOUN issue-53 203 14 of of ADP issue-53 203 15 mne mne PROPN issue-53 203 16 . . PUNCT issue-53 204 1 it it PRON issue-53 204 2 helps help VERB issue-53 204 3 them they PRON issue-53 204 4 compete compete VERB issue-53 204 5 on on ADP issue-53 204 6 the the DET issue-53 204 7 global global ADJ issue-53 204 8 marketplace marketplace NOUN issue-53 204 9 and and CCONJ issue-53 204 10 provides provide VERB issue-53 204 11 them they PRON issue-53 204 12 competitive competitive ADJ issue-53 204 13 advantages advantage NOUN issue-53 204 14 before before ADP issue-53 204 15 domestic domestic ADJ issue-53 204 16 corporations corporation NOUN issue-53 204 17 . . PUNCT issue-53 205 1 this this DET issue-53 205 2 point point NOUN issue-53 205 3 arises arise VERB issue-53 205 4 particularly particularly ADV issue-53 205 5 from from ADP issue-53 205 6 eclectic eclectic ADJ issue-53 205 7 oli oli ADJ issue-53 205 8 paradigm paradigm NOUN issue-53 205 9 . . PUNCT issue-53 206 1 mne mne PROPN issue-53 206 2 actually actually ADV issue-53 206 3 use use VERB issue-53 206 4 intangible intangible ADJ issue-53 206 5 assets asset NOUN issue-53 206 6 much much ADV issue-53 206 7 more more ADV issue-53 206 8 intensively intensively ADV issue-53 206 9 compared compare VERB issue-53 206 10 to to ADP issue-53 206 11 domestic domestic ADJ issue-53 206 12 corporations corporation NOUN issue-53 206 13 . . PUNCT issue-53 207 1 second second ADJ issue-53 207 2 , , PUNCT issue-53 207 3 besides besides SCONJ issue-53 207 4 having have VERB issue-53 207 5 these these DET issue-53 207 6 specific specific ADJ issue-53 207 7 intangible intangible ADJ issue-53 207 8 assets asset NOUN issue-53 207 9 mne mne X issue-53 207 10 have have VERB issue-53 207 11 unique unique ADJ issue-53 207 12 ability ability NOUN issue-53 207 13 to to PART issue-53 207 14 create create VERB issue-53 207 15 new new ADJ issue-53 207 16 assets asset NOUN issue-53 207 17 of of ADP issue-53 207 18 this this DET issue-53 207 19 type type NOUN issue-53 207 20 . . PUNCT issue-53 208 1 they they PRON issue-53 208 2 often often ADV issue-53 208 3 create create VERB issue-53 208 4 global global ADJ issue-53 208 5 internal internal ADJ issue-53 208 6 markets market NOUN issue-53 208 7 for for ADP issue-53 208 8 these these DET issue-53 208 9 assets asset NOUN issue-53 208 10 where where SCONJ issue-53 208 11 a a DET issue-53 208 12 unique unique ADJ issue-53 208 13 system system NOUN issue-53 208 14 of of ADP issue-53 208 15 pricing pricing NOUN issue-53 208 16 and and CCONJ issue-53 208 17 circulation circulation NOUN issue-53 208 18 exists exist VERB issue-53 208 19 . . PUNCT issue-53 209 1 more more ADJ issue-53 209 2 than than ADP issue-53 209 3 2/3 2/3 NUM issue-53 209 4 of of ADP issue-53 209 5 global global ADJ issue-53 209 6 market market NOUN issue-53 209 7 of of ADP issue-53 209 8 technologies technology NOUN issue-53 209 9 is be AUX issue-53 209 10 mne mne PROPN issue-53 209 11 internal internal ADJ issue-53 209 12 market market NOUN issue-53 209 13 with with ADP issue-53 209 14 technology technology NOUN issue-53 209 15 being be AUX issue-53 209 16 the the DET issue-53 209 17 direct direct ADJ issue-53 209 18 product product NOUN issue-53 209 19 of of ADP issue-53 209 20 mne mne PROPN issue-53 209 21 specific specific ADJ issue-53 209 22 intangible intangible ADJ issue-53 209 23 assets asset NOUN issue-53 209 24 . . PUNCT issue-53 210 1 5 5 X issue-53 210 2 . . X issue-53 210 3 firm firm NOUN issue-53 210 4 and and CCONJ issue-53 210 5 country country NOUN issue-53 210 6 specific specific ADJ issue-53 210 7 factors factor NOUN issue-53 210 8 along along ADP issue-53 210 9 with with ADP issue-53 210 10 purely purely ADV issue-53 210 11 firm firm ADJ issue-53 210 12 specific specific ADJ issue-53 210 13 and and CCONJ issue-53 210 14 purely purely ADV issue-53 210 15 country country NOUN issue-53 210 16 specific specific ADJ issue-53 210 17 corporate corporate ADJ issue-53 210 18 capital capital NOUN issue-53 210 19 structure structure NOUN issue-53 210 20 factors factor NOUN issue-53 210 21 , , PUNCT issue-53 210 22 there there PRON issue-53 210 23 is be VERB issue-53 210 24 a a DET issue-53 210 25 small small ADJ issue-53 210 26 group group NOUN issue-53 210 27 of of ADP issue-53 210 28 factors factor NOUN issue-53 210 29 of of ADP issue-53 210 30 dual dual ADJ issue-53 210 31 character character NOUN issue-53 210 32 . . PUNCT issue-53 211 1 they they PRON issue-53 211 2 can can AUX issue-53 211 3 be be AUX issue-53 211 4 country country NOUN issue-53 211 5 specific specific ADJ issue-53 211 6 as as ADV issue-53 211 7 well well ADV issue-53 211 8 as as ADP issue-53 211 9 firm firm ADJ issue-53 211 10 specific specific ADJ issue-53 211 11 while while SCONJ issue-53 211 12 being be AUX issue-53 211 13 of of ADP issue-53 211 14 a a DET issue-53 211 15 crucial crucial ADJ issue-53 211 16 importance importance NOUN issue-53 211 17 for for ADP issue-53 211 18 mne mne PROPN issue-53 211 19 in in ADP issue-53 211 20 any any DET issue-53 211 21 case case NOUN issue-53 211 22 . . PUNCT issue-53 212 1 these these PRON issue-53 212 2 are be AUX issue-53 212 3 an an DET issue-53 212 4 exchange exchange NOUN issue-53 212 5 rate rate NOUN issue-53 212 6 risk risk NOUN issue-53 212 7 and and CCONJ issue-53 212 8 a a DET issue-53 212 9 behavioral behavioral ADJ issue-53 212 10 factor factor NOUN issue-53 212 11 . . PUNCT issue-53 213 1 exchange exchange NOUN issue-53 213 2 rate rate NOUN issue-53 213 3 risk risk NOUN issue-53 213 4 is be AUX issue-53 213 5 inherent inherent ADJ issue-53 213 6 for for ADP issue-53 213 7 mne mne PROPN issue-53 213 8 to to ADP issue-53 213 9 much much ADV issue-53 213 10 higher high ADJ issue-53 213 11 extent extent NOUN issue-53 213 12 than than ADP issue-53 213 13 for for ADP issue-53 213 14 domestic domestic ADJ issue-53 213 15 corporations corporation NOUN issue-53 213 16 . . PUNCT issue-53 214 1 it it PRON issue-53 214 2 is be AUX issue-53 214 3 also also ADV issue-53 214 4 closely closely ADV issue-53 214 5 connected connect VERB issue-53 214 6 with with ADP issue-53 214 7 such such ADJ issue-53 214 8 macroeconomic macroeconomic ADJ issue-53 214 9 factors factor NOUN issue-53 214 10 as as ADP issue-53 214 11 inflation inflation NOUN issue-53 214 12 and and CCONJ issue-53 214 13 interest interest NOUN issue-53 214 14 rates rate NOUN issue-53 214 15 . . PUNCT issue-53 215 1 if if SCONJ issue-53 215 2 for for ADP issue-53 215 3 example example NOUN issue-53 215 4 the the DET issue-53 215 5 currency currency NOUN issue-53 215 6 of of ADP issue-53 215 7 a a DET issue-53 215 8 country country NOUN issue-53 215 9 where where SCONJ issue-53 215 10 an an DET issue-53 215 11 mne mne PROPN issue-53 215 12 affiliate affiliate NOUN issue-53 215 13 is be AUX issue-53 215 14 located locate VERB issue-53 215 15 depreciates depreciate VERB issue-53 215 16 an an DET issue-53 215 17 mne mne NOUN issue-53 215 18 will will AUX issue-53 215 19 be be AUX issue-53 215 20 interested interested ADJ issue-53 215 21 not not PART issue-53 215 22 to to PART issue-53 215 23 extract extract VERB issue-53 215 24 cash cash NOUN issue-53 215 25 flows flow NOUN issue-53 215 26 from from ADP issue-53 215 27 this this DET issue-53 215 28 economy economy NOUN issue-53 215 29 in in ADP issue-53 215 30 more more ADV issue-53 215 31 stable stable ADJ issue-53 215 32 currency currency NOUN issue-53 215 33 . . PUNCT issue-53 216 1 it it PRON issue-53 216 2 means mean VERB issue-53 216 3 that that SCONJ issue-53 216 4 debt debt NOUN issue-53 216 5 financing financing NOUN issue-53 216 6 is be AUX issue-53 216 7 to to PART issue-53 216 8 be be AUX issue-53 216 9 redistributed redistribute VERB issue-53 216 10 in in ADP issue-53 216 11 favor favor NOUN issue-53 216 12 of of ADP issue-53 216 13 external external ADJ issue-53 216 14 ( ( PUNCT issue-53 216 15 in in ADP issue-53 216 16 terms term NOUN issue-53 216 17 of of ADP issue-53 216 18 corporate corporate ADJ issue-53 216 19 internal internal ADJ issue-53 216 20 financial financial ADJ issue-53 216 21 system system NOUN issue-53 216 22 ) ) PUNCT issue-53 216 23 resources resource NOUN issue-53 216 24 . . PUNCT issue-53 217 1 such such ADJ issue-53 217 2 funding funding NOUN issue-53 217 3 can can AUX issue-53 217 4 be be AUX issue-53 217 5 attracted attract VERB issue-53 217 6 on on ADP issue-53 217 7 local local ADJ issue-53 217 8 market market NOUN issue-53 217 9 of of ADP issue-53 217 10 a a DET issue-53 217 11 host host NOUN issue-53 217 12 country country NOUN issue-53 217 13 . . PUNCT issue-53 218 1 in in ADP issue-53 218 2 this this DET issue-53 218 3 case case NOUN issue-53 218 4 , , PUNCT issue-53 218 5 exchange exchange NOUN issue-53 218 6 rate rate NOUN issue-53 218 7 risk risk NOUN issue-53 218 8 would would AUX issue-53 218 9 be be AUX issue-53 218 10 absent absent ADJ issue-53 218 11 . . PUNCT issue-53 219 1 it it PRON issue-53 219 2 is be AUX issue-53 219 3 however however ADV issue-53 219 4 rather rather ADV issue-53 219 5 difficult difficult ADJ issue-53 219 6 to to PART issue-53 219 7 estimate estimate VERB issue-53 219 8 whether whether SCONJ issue-53 219 9 this this PRON issue-53 219 10 will will AUX issue-53 219 11 bring bring VERB issue-53 219 12 about about ADP issue-53 219 13 the the DET issue-53 219 14 redistribution redistribution NOUN issue-53 219 15 between between ADP issue-53 219 16 equity equity NOUN issue-53 219 17 and and CCONJ issue-53 219 18 debt debt NOUN issue-53 219 19 in in ADP issue-53 219 20 corporate corporate ADJ issue-53 219 21 capital capital NOUN issue-53 219 22 structure structure NOUN issue-53 219 23 . . PUNCT issue-53 220 1 to to ADP issue-53 220 2 our our PRON issue-53 220 3 mind mind NOUN issue-53 220 4 , , PUNCT issue-53 220 5 it it PRON issue-53 220 6 will will AUX issue-53 220 7 rather rather ADV issue-53 220 8 result result VERB issue-53 220 9 in in ADP issue-53 220 10 cut cut NOUN issue-53 220 11 of of ADP issue-53 220 12 debt debt NOUN issue-53 220 13 financing financing NOUN issue-53 220 14 , , PUNCT issue-53 220 15 especially especially ADV issue-53 220 16 in in ADP issue-53 220 17 countries country NOUN issue-53 220 18 with with ADP issue-53 220 19 relatively relatively ADV issue-53 220 20 weak weak ADJ issue-53 220 21 currencies currency NOUN issue-53 220 22 . . PUNCT issue-53 221 1 the the DET issue-53 221 2 reason reason NOUN issue-53 221 3 is be AUX issue-53 221 4 as as SCONJ issue-53 221 5 follows follow VERB issue-53 221 6 . . PUNCT issue-53 222 1 internal internal ADJ issue-53 222 2 funding funding NOUN issue-53 222 3 from from ADP issue-53 222 4 a a DET issue-53 222 5 parent parent NOUN issue-53 222 6 generates generate VERB issue-53 222 7 a a DET issue-53 222 8 certain certain ADJ issue-53 222 9 affiliate affiliate NOUN issue-53 222 10 capital capital NOUN issue-53 222 11 structure structure NOUN issue-53 222 12 . . PUNCT issue-53 223 1 the the DET issue-53 223 2 currency currency NOUN issue-53 223 3 weakness weakness NOUN issue-53 223 4 brings bring VERB issue-53 223 5 about about ADP issue-53 223 6 that that SCONJ issue-53 223 7 the the DET issue-53 223 8 loans loan NOUN issue-53 223 9 repay repay VERB issue-53 223 10 substantially substantially ADV issue-53 223 11 changes change VERB issue-53 223 12 the the DET issue-53 223 13 affiliate affiliate NOUN issue-53 223 14 ’s ’s PART issue-53 223 15 future future ADJ issue-53 223 16 cash cash NOUN issue-53 223 17 flows flow NOUN issue-53 223 18 . . PUNCT issue-53 224 1 it it PRON issue-53 224 2 must must AUX issue-53 224 3 repay repay VERB issue-53 224 4 much much ADV issue-53 224 5 more more ADJ issue-53 224 6 that that SCONJ issue-53 224 7 it it PRON issue-53 224 8 received receive VERB issue-53 224 9 in in ADP issue-53 224 10 local local ADJ issue-53 224 11 currency currency NOUN issue-53 224 12 what what PRON issue-53 224 13 considerably considerably ADV issue-53 224 14 increases increase VERB issue-53 224 15 risks risk NOUN issue-53 224 16 . . PUNCT issue-53 225 1 the the DET issue-53 225 2 increased increase VERB issue-53 225 3 future future ADJ issue-53 225 4 cash cash NOUN issue-53 225 5 flows flow NOUN issue-53 225 6 will will AUX issue-53 225 7 as as ADP issue-53 225 8 a a DET issue-53 225 9 result result NOUN issue-53 225 10 bring bring VERB issue-53 225 11 about about ADP issue-53 225 12 the the DET issue-53 225 13 reverse reverse ADJ issue-53 225 14 influence influence NOUN issue-53 225 15 on on ADP issue-53 225 16 capital capital NOUN issue-53 225 17 structure structure NOUN issue-53 225 18 to to ADP issue-53 225 19 much much ADV issue-53 225 20 higher high ADJ issue-53 225 21 extent extent NOUN issue-53 225 22 than than SCONJ issue-53 225 23 they they PRON issue-53 225 24 did do VERB issue-53 225 25 when when SCONJ issue-53 225 26 the the DET issue-53 225 27 loan loan NOUN issue-53 225 28 was be AUX issue-53 225 29 received receive VERB issue-53 225 30 . . PUNCT issue-53 226 1 it it PRON issue-53 226 2 means mean VERB issue-53 226 3 that that SCONJ issue-53 226 4 a a DET issue-53 226 5 corporation corporation NOUN issue-53 226 6 must must AUX issue-53 226 7 introduce introduce VERB issue-53 226 8 additional additional ADJ issue-53 226 9 measures measure NOUN issue-53 226 10 to to PART issue-53 226 11 restore restore VERB issue-53 226 12 the the DET issue-53 226 13 capital capital NOUN issue-53 226 14 baltic baltic PROPN issue-53 226 15 journal journal PROPN issue-53 226 16 of of ADP issue-53 226 17 economic economic ADJ issue-53 226 18 studies study NOUN issue-53 226 19 159 159 NUM issue-53 226 20 vol vol NOUN issue-53 226 21 . . PROPN issue-53 227 1 1 1 NUM issue-53 227 2 , , PUNCT issue-53 227 3 no no INTJ issue-53 227 4 . . NOUN issue-53 227 5 2 2 NUM issue-53 227 6 , , PUNCT issue-53 227 7 2015 2015 NUM issue-53 227 8 structure structure NOUN issue-53 227 9 back back ADV issue-53 227 10 . . PUNCT issue-53 228 1 financing financing NOUN issue-53 228 2 in in ADP issue-53 228 3 the the DET issue-53 228 4 form form NOUN issue-53 228 5 of of ADP issue-53 228 6 fdi fdi NOUN issue-53 228 7 looks look VERB issue-53 228 8 more more ADV issue-53 228 9 attractive attractive ADJ issue-53 228 10 in in ADP issue-53 228 11 this this DET issue-53 228 12 case case NOUN issue-53 228 13 . . PUNCT issue-53 229 1 exchange exchange NOUN issue-53 229 2 rate rate NOUN issue-53 229 3 risk risk NOUN issue-53 229 4 can can AUX issue-53 229 5 be be AUX issue-53 229 6 either either CCONJ issue-53 229 7 firm firm ADJ issue-53 229 8 or or CCONJ issue-53 229 9 country country NOUN issue-53 229 10 specific specific ADJ issue-53 229 11 factor factor NOUN issue-53 229 12 as as SCONJ issue-53 229 13 has have AUX issue-53 229 14 already already ADV issue-53 229 15 been be AUX issue-53 229 16 mentioned mention VERB issue-53 229 17 . . PUNCT issue-53 230 1 if if SCONJ issue-53 230 2 we we PRON issue-53 230 3 consider consider VERB issue-53 230 4 the the DET issue-53 230 5 host host NOUN issue-53 230 6 country country NOUN issue-53 230 7 with with ADP issue-53 230 8 weak weak ADJ issue-53 230 9 currency currency NOUN issue-53 230 10 in in ADP issue-53 230 11 general general ADJ issue-53 230 12 , , PUNCT issue-53 230 13 the the DET issue-53 230 14 exchange exchange NOUN issue-53 230 15 rate rate NOUN issue-53 230 16 risk risk NOUN issue-53 230 17 will will AUX issue-53 230 18 concern concern VERB issue-53 230 19 all all DET issue-53 230 20 affiliates affiliate NOUN issue-53 230 21 of of ADP issue-53 230 22 foreign foreign PROPN issue-53 230 23 mne mne PROPN issue-53 230 24 having have VERB issue-53 230 25 assets asset NOUN issue-53 230 26 in in ADP issue-53 230 27 more more ADV issue-53 230 28 stable stable ADJ issue-53 230 29 currencies currency NOUN issue-53 230 30 . . PUNCT issue-53 231 1 if if SCONJ issue-53 231 2 for for ADP issue-53 231 3 example example NOUN issue-53 231 4 an an DET issue-53 231 5 affiliate affiliate NOUN issue-53 231 6 in in ADP issue-53 231 7 a a DET issue-53 231 8 country country NOUN issue-53 231 9 with with ADP issue-53 231 10 strong strong ADJ issue-53 231 11 currency currency NOUN issue-53 231 12 attracts attract VERB issue-53 231 13 capital capital NOUN issue-53 231 14 issuing issue VERB issue-53 231 15 papers paper NOUN issue-53 231 16 in in ADP issue-53 231 17 weak weak ADJ issue-53 231 18 currencies currency NOUN issue-53 231 19 the the DET issue-53 231 20 exchange exchange NOUN issue-53 231 21 rate rate NOUN issue-53 231 22 risk risk NOUN issue-53 231 23 will will AUX issue-53 231 24 actually actually ADV issue-53 231 25 be be AUX issue-53 231 26 such such ADJ issue-53 231 27 for for ADP issue-53 231 28 this this DET issue-53 231 29 affiliate affiliate NOUN issue-53 231 30 only only ADV issue-53 231 31 . . PUNCT issue-53 232 1 other other ADJ issue-53 232 2 companies company NOUN issue-53 232 3 in in ADP issue-53 232 4 this this DET issue-53 232 5 country country NOUN issue-53 232 6 will will AUX issue-53 232 7 not not PART issue-53 232 8 face face VERB issue-53 232 9 this this DET issue-53 232 10 type type NOUN issue-53 232 11 of of ADP issue-53 232 12 risk risk NOUN issue-53 232 13 . . PUNCT issue-53 233 1 to to PART issue-53 233 2 decrease decrease VERB issue-53 233 3 or or CCONJ issue-53 233 4 eliminate eliminate VERB issue-53 233 5 exchange exchange NOUN issue-53 233 6 rate rate NOUN issue-53 233 7 risk risk NOUN issue-53 233 8 influence influence NOUN issue-53 233 9 on on ADP issue-53 233 10 capital capital NOUN issue-53 233 11 structure structure NOUN issue-53 233 12 mne mne PROPN issue-53 233 13 often often ADV issue-53 233 14 use use VERB issue-53 233 15 a a DET issue-53 233 16 so so ADV issue-53 233 17 - - PUNCT issue-53 233 18 called call VERB issue-53 233 19 international international ADJ issue-53 233 20 debt debt NOUN issue-53 233 21 shifting shifting NOUN issue-53 233 22 strategy strategy NOUN issue-53 233 23 . . PUNCT issue-53 234 1 another another DET issue-53 234 2 factor factor NOUN issue-53 234 3 that that PRON issue-53 234 4 can can AUX issue-53 234 5 be be AUX issue-53 234 6 either either CCONJ issue-53 234 7 firm firm ADJ issue-53 234 8 specific specific ADJ issue-53 234 9 or or CCONJ issue-53 234 10 country country NOUN issue-53 234 11 specific specific ADJ issue-53 234 12 is be AUX issue-53 234 13 a a DET issue-53 234 14 behavioral behavioral ADJ issue-53 234 15 factor factor NOUN issue-53 234 16 . . PUNCT issue-53 235 1 it it PRON issue-53 235 2 should should AUX issue-53 235 3 actually actually ADV issue-53 235 4 be be AUX issue-53 235 5 regarded regard VERB issue-53 235 6 as as ADP issue-53 235 7 a a DET issue-53 235 8 group group NOUN issue-53 235 9 of of ADP issue-53 235 10 factors factor NOUN issue-53 235 11 rather rather ADV issue-53 235 12 than than ADP issue-53 235 13 as as ADP issue-53 235 14 a a DET issue-53 235 15 single single ADJ issue-53 235 16 one one NUM issue-53 235 17 . . PUNCT issue-53 236 1 if if SCONJ issue-53 236 2 considering consider VERB issue-53 236 3 for for ADP issue-53 236 4 example example NOUN issue-53 236 5 gender gender NOUN issue-53 236 6 and and CCONJ issue-53 236 7 age age NOUN issue-53 236 8 structure structure NOUN issue-53 236 9 of of ADP issue-53 236 10 corporate corporate ADJ issue-53 236 11 management management NOUN issue-53 236 12 bodies body NOUN issue-53 236 13 behavioral behavioral ADJ issue-53 236 14 factors factor NOUN issue-53 236 15 which which PRON issue-53 236 16 appear appear VERB issue-53 236 17 to to PART issue-53 236 18 be be AUX issue-53 236 19 firm firm ADJ issue-53 236 20 specific specific ADJ issue-53 236 21 ones one NOUN issue-53 236 22 since since SCONJ issue-53 236 23 decisions decision NOUN issue-53 236 24 are be AUX issue-53 236 25 taken take VERB issue-53 236 26 at at ADP issue-53 236 27 corporate corporate ADJ issue-53 236 28 level level NOUN issue-53 236 29 influenced influence VERB issue-53 236 30 by by ADP issue-53 236 31 behavioral behavioral ADJ issue-53 236 32 features feature NOUN issue-53 236 33 of of ADP issue-53 236 34 certain certain ADJ issue-53 236 35 individuals individual NOUN issue-53 236 36 . . PUNCT issue-53 237 1 women woman NOUN issue-53 237 2 tend tend VERB issue-53 237 3 to to PART issue-53 237 4 borrow borrow VERB issue-53 237 5 less less ADJ issue-53 237 6 than than ADP issue-53 237 7 men man NOUN issue-53 237 8 that that PRON issue-53 237 9 is be AUX issue-53 237 10 explained explain VERB issue-53 237 11 not not PART issue-53 237 12 only only ADV issue-53 237 13 by by ADP issue-53 237 14 their their PRON issue-53 237 15 attitude attitude NOUN issue-53 237 16 towards towards ADP issue-53 237 17 future future ADJ issue-53 237 18 returning return VERB issue-53 237 19 of of ADP issue-53 237 20 borrowed borrow VERB issue-53 237 21 money money NOUN issue-53 237 22 but but CCONJ issue-53 237 23 also also ADV issue-53 237 24 by by ADP issue-53 237 25 their their PRON issue-53 237 26 more more ADV issue-53 237 27 emotional emotional ADJ issue-53 237 28 perception perception NOUN issue-53 237 29 of of ADP issue-53 237 30 loans loan NOUN issue-53 237 31 as as ADP issue-53 237 32 such such ADJ issue-53 237 33 . . PUNCT issue-53 238 1 thus thus ADV issue-53 238 2 mne mne PROPN issue-53 238 3 where where SCONJ issue-53 238 4 women woman NOUN issue-53 238 5 prevail prevail VERB issue-53 238 6 in in ADP issue-53 238 7 management management NOUN issue-53 238 8 bodies body NOUN issue-53 238 9 tend tend VERB issue-53 238 10 to to PART issue-53 238 11 have have VERB issue-53 238 12 more more ADJ issue-53 238 13 equity equity NOUN issue-53 238 14 and and CCONJ issue-53 238 15 less less ADJ issue-53 238 16 debt debt NOUN issue-53 238 17 in in ADP issue-53 238 18 their their PRON issue-53 238 19 capital capital NOUN issue-53 238 20 structure structure NOUN issue-53 238 21 . . PUNCT issue-53 239 1 age age NOUN issue-53 239 2 of of ADP issue-53 239 3 corporate corporate ADJ issue-53 239 4 top top ADJ issue-53 239 5 management management NOUN issue-53 239 6 , , PUNCT issue-53 239 7 according accord VERB issue-53 239 8 to to ADP issue-53 239 9 behavioral behavioral ADJ issue-53 239 10 theories theory NOUN issue-53 239 11 , , PUNCT issue-53 239 12 negatively negatively ADV issue-53 239 13 affects affect VERB issue-53 239 14 debt debt NOUN issue-53 239 15 financing financing NOUN issue-53 239 16 . . PUNCT issue-53 240 1 thus thus ADV issue-53 240 2 , , PUNCT issue-53 240 3 corporations corporation NOUN issue-53 240 4 where where SCONJ issue-53 240 5 young young ADJ issue-53 240 6 men man NOUN issue-53 240 7 dominate dominate VERB issue-53 240 8 in in ADP issue-53 240 9 management management NOUN issue-53 240 10 bodies body NOUN issue-53 240 11 usually usually ADV issue-53 240 12 use use VERB issue-53 240 13 relatively relatively ADV issue-53 240 14 less less ADJ issue-53 240 15 equity equity NOUN issue-53 240 16 and and CCONJ issue-53 240 17 more more ADJ issue-53 240 18 debt debt NOUN issue-53 240 19 in in ADP issue-53 240 20 capital capital NOUN issue-53 240 21 structure structure NOUN issue-53 240 22 . . PUNCT issue-53 241 1 being be AUX issue-53 241 2 a a DET issue-53 241 3 country country NOUN issue-53 241 4 specific specific ADJ issue-53 241 5 factor factor NOUN issue-53 241 6 , , PUNCT issue-53 241 7 behaviorism behaviorism NOUN issue-53 241 8 considers consider VERB issue-53 241 9 corporate corporate ADJ issue-53 241 10 capital capital NOUN issue-53 241 11 structure structure NOUN issue-53 241 12 in in ADP issue-53 241 13 terms term NOUN issue-53 241 14 of of ADP issue-53 241 15 country country NOUN issue-53 241 16 ’s ’s PART issue-53 241 17 cultural cultural ADJ issue-53 241 18 , , PUNCT issue-53 241 19 religious religious ADJ issue-53 241 20 , , PUNCT issue-53 241 21 social social ADJ issue-53 241 22 , , PUNCT issue-53 241 23 mental mental ADJ issue-53 241 24 and and CCONJ issue-53 241 25 other other ADJ issue-53 241 26 features feature NOUN issue-53 241 27 . . PUNCT issue-53 242 1 the the DET issue-53 242 2 general general ADJ issue-53 242 3 behavioral behavioral ADJ issue-53 242 4 idea idea NOUN issue-53 242 5 is be AUX issue-53 242 6 that that SCONJ issue-53 242 7 unlike unlike ADP issue-53 242 8 traditional traditional ADJ issue-53 242 9 assumptions assumption NOUN issue-53 242 10 about about ADP issue-53 242 11 individuals individual NOUN issue-53 242 12 rational rational ADJ issue-53 242 13 behavior behavior NOUN issue-53 242 14 aimed aim VERB issue-53 242 15 at at ADP issue-53 242 16 utility utility NOUN issue-53 242 17 maximization maximization NOUN issue-53 242 18 in in ADP issue-53 242 19 real real ADJ issue-53 242 20 life life NOUN issue-53 242 21 people people NOUN issue-53 242 22 do do AUX issue-53 242 23 not not PART issue-53 242 24 often often ADV issue-53 242 25 follow follow VERB issue-53 242 26 such such ADJ issue-53 242 27 behavioral behavioral ADJ issue-53 242 28 pattern pattern NOUN issue-53 242 29 since since SCONJ issue-53 242 30 they they PRON issue-53 242 31 can can AUX issue-53 242 32 be be AUX issue-53 242 33 optimistic optimistic ADJ issue-53 242 34 and and CCONJ issue-53 242 35 overconfident overconfident ADJ issue-53 242 36 ( ( PUNCT issue-53 242 37 malmendier malmendier NOUN issue-53 242 38 et et PROPN issue-53 242 39 al al PROPN issue-53 242 40 . . PROPN issue-53 242 41 , , PUNCT issue-53 242 42 2011 2011 NUM issue-53 242 43 ) ) PUNCT issue-53 242 44 . . PUNCT issue-53 243 1 it it PRON issue-53 243 2 means mean VERB issue-53 243 3 that that SCONJ issue-53 243 4 individuals individual NOUN issue-53 243 5 consider consider VERB issue-53 243 6 the the DET issue-53 243 7 probability probability NOUN issue-53 243 8 of of ADP issue-53 243 9 favorable favorable ADJ issue-53 243 10 events event NOUN issue-53 243 11 higher high ADJ issue-53 243 12 than than SCONJ issue-53 243 13 it it PRON issue-53 243 14 really really ADV issue-53 243 15 is be AUX issue-53 243 16 and and CCONJ issue-53 243 17 they they PRON issue-53 243 18 are be AUX issue-53 243 19 sure sure ADJ issue-53 243 20 that that SCONJ issue-53 243 21 they they PRON issue-53 243 22 know know VERB issue-53 243 23 about about ADP issue-53 243 24 these these DET issue-53 243 25 events event NOUN issue-53 243 26 more more ADJ issue-53 243 27 than than SCONJ issue-53 243 28 they they PRON issue-53 243 29 really really ADV issue-53 243 30 do do VERB issue-53 243 31 . . PUNCT issue-53 244 1 thus thus ADV issue-53 244 2 , , PUNCT issue-53 244 3 real real ADJ issue-53 244 4 life life NOUN issue-53 244 5 financial financial ADJ issue-53 244 6 decisions decision NOUN issue-53 244 7 of of ADP issue-53 244 8 individuals individual NOUN issue-53 244 9 particularly particularly ADV issue-53 244 10 regarding regard VERB issue-53 244 11 the the DET issue-53 244 12 corporate corporate ADJ issue-53 244 13 capital capital NOUN issue-53 244 14 structure structure NOUN issue-53 244 15 are be AUX issue-53 244 16 substantially substantially ADV issue-53 244 17 defined define VERB issue-53 244 18 by by ADP issue-53 244 19 mentioned mention VERB issue-53 244 20 irrational irrational ADJ issue-53 244 21 issues issue NOUN issue-53 244 22 . . PUNCT issue-53 245 1 most most ADJ issue-53 245 2 scientists scientist NOUN issue-53 245 3 agree agree VERB issue-53 245 4 that that SCONJ issue-53 245 5 such such ADJ issue-53 245 6 behavioral behavioral ADJ issue-53 245 7 features feature NOUN issue-53 245 8 as as ADP issue-53 245 9 overconfidence overconfidence NOUN issue-53 245 10 and and CCONJ issue-53 245 11 optimism optimism NOUN issue-53 245 12 positively positively ADV issue-53 245 13 influence influence VERB issue-53 245 14 the the DET issue-53 245 15 indebtedness indebtedness NOUN issue-53 245 16 level level NOUN issue-53 245 17 for for ADP issue-53 245 18 two two NUM issue-53 245 19 basic basic ADJ issue-53 245 20 reasons reason NOUN issue-53 245 21 . . PUNCT issue-53 246 1 first first ADV issue-53 246 2 , , PUNCT issue-53 246 3 managers manager NOUN issue-53 246 4 that that PRON issue-53 246 5 overestimate overestimate VERB issue-53 246 6 their their PRON issue-53 246 7 company company NOUN issue-53 246 8 profitability profitability NOUN issue-53 246 9 consider consider VERB issue-53 246 10 its its PRON issue-53 246 11 stocks stock NOUN issue-53 246 12 to to PART issue-53 246 13 be be AUX issue-53 246 14 substantially substantially ADV issue-53 246 15 undervalued undervalue VERB issue-53 246 16 and and CCONJ issue-53 246 17 thus thus ADV issue-53 246 18 prefer prefer VERB issue-53 246 19 debt debt NOUN issue-53 246 20 financing financing NOUN issue-53 246 21 . . PUNCT issue-53 247 1 second second ADJ issue-53 247 2 , , PUNCT issue-53 247 3 overconfident overconfident ADJ issue-53 247 4 managers manager NOUN issue-53 247 5 consider consider VERB issue-53 247 6 their their PRON issue-53 247 7 corporation corporation NOUN issue-53 247 8 cash cash NOUN issue-53 247 9 flows flow NOUN issue-53 247 10 to to PART issue-53 247 11 be be AUX issue-53 247 12 less less ADV issue-53 247 13 volatile volatile ADJ issue-53 247 14 than than SCONJ issue-53 247 15 they they PRON issue-53 247 16 really really ADV issue-53 247 17 are be AUX issue-53 247 18 and and CCONJ issue-53 247 19 therefore therefore ADV issue-53 247 20 underestimate underestimate VERB issue-53 247 21 the the DET issue-53 247 22 probability probability NOUN issue-53 247 23 of of ADP issue-53 247 24 financial financial ADJ issue-53 247 25 distress distress NOUN issue-53 247 26 and and CCONJ issue-53 247 27 bankruptcy bankruptcy NOUN issue-53 247 28 . . PUNCT issue-53 248 1 according accord VERB issue-53 248 2 to to ADP issue-53 248 3 this this DET issue-53 248 4 approach approach NOUN issue-53 248 5 , , PUNCT issue-53 248 6 countries country NOUN issue-53 248 7 are be AUX issue-53 248 8 considered consider VERB issue-53 248 9 in in ADP issue-53 248 10 terms term NOUN issue-53 248 11 of of ADP issue-53 248 12 their their PRON issue-53 248 13 individualism individualism NOUN issue-53 248 14 level level NOUN issue-53 248 15 that that PRON issue-53 248 16 is be AUX issue-53 248 17 a a DET issue-53 248 18 factor factor NOUN issue-53 248 19 of of ADP issue-53 248 20 corporate corporate ADJ issue-53 248 21 capital capital NOUN issue-53 248 22 structure structure NOUN issue-53 248 23 ( ( PUNCT issue-53 248 24 antonczyk antonczyk VERB issue-53 248 25 and and CCONJ issue-53 248 26 salzman salzman NOUN issue-53 248 27 , , PUNCT issue-53 248 28 2014 2014 NUM issue-53 248 29 ) ) PUNCT issue-53 248 30 . . PUNCT issue-53 249 1 individualism individualism NOUN issue-53 249 2 is be AUX issue-53 249 3 something something PRON issue-53 249 4 that that PRON issue-53 249 5 defines define VERB issue-53 249 6 the the DET issue-53 249 7 level level NOUN issue-53 249 8 of of ADP issue-53 249 9 overconfidence overconfidence NOUN issue-53 249 10 and and CCONJ issue-53 249 11 optimism optimism NOUN issue-53 249 12 of of ADP issue-53 249 13 individuals individual NOUN issue-53 249 14 , , PUNCT issue-53 249 15 particularly particularly ADV issue-53 249 16 corporation corporation NOUN issue-53 249 17 managers manager NOUN issue-53 249 18 . . PUNCT issue-53 250 1 the the DET issue-53 250 2 main main ADJ issue-53 250 3 conclusion conclusion NOUN issue-53 250 4 of of ADP issue-53 250 5 the the DET issue-53 250 6 mentioned mention VERB issue-53 250 7 research research NOUN issue-53 250 8 is be AUX issue-53 250 9 that that SCONJ issue-53 250 10 corporate corporate ADJ issue-53 250 11 managers manager NOUN issue-53 250 12 in in ADP issue-53 250 13 countries country NOUN issue-53 250 14 with with ADP issue-53 250 15 high high ADJ issue-53 250 16 individualism individualism NOUN issue-53 250 17 level level NOUN issue-53 250 18 show show NOUN issue-53 250 19 overconfidence overconfidence NOUN issue-53 250 20 and and CCONJ issue-53 250 21 optimism optimism NOUN issue-53 250 22 that that PRON issue-53 250 23 brings bring VERB issue-53 250 24 about about ADP issue-53 250 25 more more ADV issue-53 250 26 substantial substantial ADJ issue-53 250 27 shares share NOUN issue-53 250 28 of of ADP issue-53 250 29 debt debt NOUN issue-53 250 30 in in ADP issue-53 250 31 corporate corporate ADJ issue-53 250 32 capital capital NOUN issue-53 250 33 structure structure NOUN issue-53 250 34 . . PUNCT issue-53 251 1 to to ADP issue-53 251 2 our our PRON issue-53 251 3 mind mind NOUN issue-53 251 4 , , PUNCT issue-53 251 5 the the DET issue-53 251 6 mentioned mention VERB issue-53 251 7 cultural cultural ADJ issue-53 251 8 and and CCONJ issue-53 251 9 behavioral behavioral ADJ issue-53 251 10 peculiarities peculiarity NOUN issue-53 251 11 are be AUX issue-53 251 12 specific specific ADJ issue-53 251 13 for for ADP issue-53 251 14 mne mne PROPN issue-53 251 15 . . PUNCT issue-53 252 1 multinationals multinational NOUN issue-53 252 2 operate operate VERB issue-53 252 3 in in ADP issue-53 252 4 cross cross ADJ issue-53 252 5 - - ADJ issue-53 252 6 cultural cultural ADJ issue-53 252 7 environment environment NOUN issue-53 252 8 and and CCONJ issue-53 252 9 their their PRON issue-53 252 10 managers manager NOUN issue-53 252 11 and and CCONJ issue-53 252 12 even even ADV issue-53 252 13 workers worker NOUN issue-53 252 14 represent represent VERB issue-53 252 15 different different ADJ issue-53 252 16 nationalities nationality NOUN issue-53 252 17 , , PUNCT issue-53 252 18 cultures culture NOUN issue-53 252 19 and and CCONJ issue-53 252 20 religions religion NOUN issue-53 252 21 . . PUNCT issue-53 253 1 religion religion NOUN issue-53 253 2 is be AUX issue-53 253 3 among among ADP issue-53 253 4 important important ADJ issue-53 253 5 behavioral behavioral ADJ issue-53 253 6 factors factor NOUN issue-53 253 7 of of ADP issue-53 253 8 mne mne PROPN issue-53 253 9 capital capital NOUN issue-53 253 10 structure structure NOUN issue-53 253 11 . . PUNCT issue-53 254 1 catholics catholic NOUN issue-53 254 2 and and CCONJ issue-53 254 3 protestants protestant NOUN issue-53 254 4 for for ADP issue-53 254 5 example example NOUN issue-53 254 6 differently differently ADV issue-53 254 7 perceive perceive ADJ issue-53 254 8 indebtedness indebtedness NOUN issue-53 254 9 as as ADP issue-53 254 10 such such ADJ issue-53 254 11 . . PUNCT issue-53 255 1 some some DET issue-53 255 2 research research NOUN issue-53 255 3 show show VERB issue-53 255 4 that that SCONJ issue-53 255 5 in in ADP issue-53 255 6 catholicism catholicism NOUN issue-53 255 7 dominating dominating NOUN issue-53 255 8 countries country NOUN issue-53 255 9 corporations corporation NOUN issue-53 255 10 have have VERB issue-53 255 11 higher high ADJ issue-53 255 12 shares share NOUN issue-53 255 13 of of ADP issue-53 255 14 debt debt NOUN issue-53 255 15 in in ADP issue-53 255 16 their their PRON issue-53 255 17 capital capital NOUN issue-53 255 18 structure structure NOUN issue-53 255 19 than than SCONJ issue-53 255 20 corporations corporation NOUN issue-53 255 21 in in ADP issue-53 255 22 protestantism protestantism NOUN issue-53 255 23 dominating dominating NOUN issue-53 255 24 countries country NOUN issue-53 255 25 do do VERB issue-53 255 26 ( ( PUNCT issue-53 255 27 baxamusa baxamusa NOUN issue-53 255 28 and and CCONJ issue-53 255 29 jala jala PROPN issue-53 255 30 , , PUNCT issue-53 255 31 2014 2014 NUM issue-53 255 32 ) ) PUNCT issue-53 255 33 . . PUNCT issue-53 256 1 it it PRON issue-53 256 2 is be AUX issue-53 256 3 also also ADV issue-53 256 4 well well ADV issue-53 256 5 known know VERB issue-53 256 6 that that SCONJ issue-53 256 7 islamic islamic PROPN issue-53 256 8 religion religion NOUN issue-53 256 9 and and CCONJ issue-53 256 10 the the DET issue-53 256 11 sharia sharia PROPN issue-53 256 12 have have VERB issue-53 256 13 extremely extremely ADV issue-53 256 14 negative negative ADJ issue-53 256 15 attitude attitude NOUN issue-53 256 16 towards towards ADP issue-53 256 17 lending lending NOUN issue-53 256 18 as as ADP issue-53 256 19 such such ADJ issue-53 256 20 ( ( PUNCT issue-53 256 21 to to PART issue-53 256 22 much much ADV issue-53 256 23 lesser less ADJ issue-53 256 24 extent extent NOUN issue-53 256 25 to to ADP issue-53 256 26 borrowing borrowing NOUN issue-53 256 27 ) ) PUNCT issue-53 256 28 . . PUNCT issue-53 257 1 that that PRON issue-53 257 2 is be AUX issue-53 257 3 why why SCONJ issue-53 257 4 in in ADP issue-53 257 5 islamic islamic ADJ issue-53 257 6 countries country NOUN issue-53 257 7 corporations corporation NOUN issue-53 257 8 tend tend VERB issue-53 257 9 to to PART issue-53 257 10 have have VERB issue-53 257 11 capital capital NOUN issue-53 257 12 structures structure NOUN issue-53 257 13 with with ADP issue-53 257 14 much much ADV issue-53 257 15 lower low ADJ issue-53 257 16 shares share NOUN issue-53 257 17 of of ADP issue-53 257 18 debt debt NOUN issue-53 257 19 . . PUNCT issue-53 258 1 for for ADP issue-53 258 2 cross cross ADJ issue-53 258 3 - - ADJ issue-53 258 4 cultural cultural ADJ issue-53 258 5 environment environment NOUN issue-53 258 6 of of ADP issue-53 258 7 mne mne PROPN issue-53 258 8 operations operation NOUN issue-53 258 9 this this DET issue-53 258 10 conclusion conclusion NOUN issue-53 258 11 should should AUX issue-53 258 12 be be AUX issue-53 258 13 used use VERB issue-53 258 14 in in ADP issue-53 258 15 terms term NOUN issue-53 258 16 of of ADP issue-53 258 17 corporate corporate ADJ issue-53 258 18 management management NOUN issue-53 258 19 religious religious ADJ issue-53 258 20 structure structure NOUN issue-53 258 21 analysis analysis NOUN issue-53 258 22 especially especially ADV issue-53 258 23 on on ADP issue-53 258 24 the the DET issue-53 258 25 level level NOUN issue-53 258 26 of of ADP issue-53 258 27 strategic strategic ADJ issue-53 258 28 decisions decision NOUN issue-53 258 29 taking take VERB issue-53 258 30 . . PUNCT issue-53 259 1 6 6 X issue-53 259 2 . . X issue-53 259 3 demand demand NOUN issue-53 259 4 and and CCONJ issue-53 259 5 supply supply NOUN issue-53 259 6 approach approach NOUN issue-53 259 7 we we PRON issue-53 259 8 have have AUX issue-53 259 9 considered consider VERB issue-53 259 10 the the DET issue-53 259 11 two two NUM issue-53 259 12 widespread widespread ADJ issue-53 259 13 criteria criterion NOUN issue-53 259 14 of of ADP issue-53 259 15 corporate corporate ADJ issue-53 259 16 capital capital NOUN issue-53 259 17 structure structure NOUN issue-53 259 18 classification classification NOUN issue-53 259 19 that that PRON issue-53 259 20 imply imply VERB issue-53 259 21 the the DET issue-53 259 22 distinguishing distinguishing NOUN issue-53 259 23 between between ADP issue-53 259 24 country country NOUN issue-53 259 25 specific specific ADJ issue-53 259 26 and and CCONJ issue-53 259 27 firm firm ADJ issue-53 259 28 specific specific ADJ issue-53 259 29 factors factor NOUN issue-53 259 30 and and CCONJ issue-53 259 31 between between ADP issue-53 259 32 economic economic ADJ issue-53 259 33 and and CCONJ issue-53 259 34 non non ADJ issue-53 259 35 - - ADJ issue-53 259 36 economic economic ADJ issue-53 259 37 factors factor NOUN issue-53 259 38 . . PUNCT issue-53 260 1 however however ADV issue-53 260 2 , , PUNCT issue-53 260 3 to to ADP issue-53 260 4 our our PRON issue-53 260 5 mind mind NOUN issue-53 260 6 one one NUM issue-53 260 7 more more ADV issue-53 260 8 important important ADJ issue-53 260 9 criterion criterion NOUN issue-53 260 10 allows allow VERB issue-53 260 11 to to PART issue-53 260 12 classify classify VERB issue-53 260 13 them they PRON issue-53 260 14 into into ADP issue-53 260 15 demand demand NOUN issue-53 260 16 and and CCONJ issue-53 260 17 supply supply NOUN issue-53 260 18 factors factor NOUN issue-53 260 19 . . PUNCT issue-53 261 1 the the DET issue-53 261 2 core core ADJ issue-53 261 3 idea idea NOUN issue-53 261 4 underlying underlie VERB issue-53 261 5 is be AUX issue-53 261 6 the the DET issue-53 261 7 origin origin NOUN issue-53 261 8 of of ADP issue-53 261 9 a a DET issue-53 261 10 factor factor NOUN issue-53 261 11 influence influence NOUN issue-53 261 12 . . PUNCT issue-53 262 1 some some DET issue-53 262 2 factors factor NOUN issue-53 262 3 can can AUX issue-53 262 4 be be AUX issue-53 262 5 driven drive VERB issue-53 262 6 by by ADP issue-53 262 7 either either CCONJ issue-53 262 8 demand demand NOUN issue-53 262 9 or or CCONJ issue-53 262 10 supply supply NOUN issue-53 262 11 and and CCONJ issue-53 262 12 they they PRON issue-53 262 13 have have VERB issue-53 262 14 a a DET issue-53 262 15 double double ADJ issue-53 262 16 origin origin NOUN issue-53 262 17 . . PUNCT issue-53 263 1 in in ADP issue-53 263 2 these these DET issue-53 263 3 terms term NOUN issue-53 263 4 by by ADP issue-53 263 5 demand demand NOUN issue-53 263 6 we we PRON issue-53 263 7 mean mean VERB issue-53 263 8 the the DET issue-53 263 9 demand demand NOUN issue-53 263 10 for for ADP issue-53 263 11 funding funding NOUN issue-53 263 12 from from ADP issue-53 263 13 mnes mne NOUN issue-53 263 14 and and CCONJ issue-53 263 15 by by ADP issue-53 263 16 supply supply NOUN issue-53 263 17 we we PRON issue-53 263 18 understand understand VERB issue-53 263 19 the the DET issue-53 263 20 supply supply NOUN issue-53 263 21 of of ADP issue-53 263 22 financial financial ADJ issue-53 263 23 resources resource NOUN issue-53 263 24 , , PUNCT issue-53 263 25 that that PRON issue-53 263 26 is be AUX issue-53 263 27 created create VERB issue-53 263 28 by by ADP issue-53 263 29 investors investor NOUN issue-53 263 30 ready ready ADJ issue-53 263 31 to to PART issue-53 263 32 buy buy VERB issue-53 263 33 corporate corporate ADJ issue-53 263 34 securities security NOUN issue-53 263 35 or or CCONJ issue-53 263 36 to to PART issue-53 263 37 lend lend VERB issue-53 263 38 them they PRON issue-53 263 39 money money NOUN issue-53 263 40 . . PUNCT issue-53 264 1 the the DET issue-53 264 2 importance importance NOUN issue-53 264 3 of of ADP issue-53 264 4 this this DET issue-53 264 5 criterion criterion NOUN issue-53 264 6 can can AUX issue-53 264 7 be be AUX issue-53 264 8 grounded ground VERB issue-53 264 9 by by ADP issue-53 264 10 two two NUM issue-53 264 11 principal principal ADJ issue-53 264 12 reasons reason NOUN issue-53 264 13 . . PUNCT issue-53 265 1 first first ADV issue-53 265 2 , , PUNCT issue-53 265 3 from from ADP issue-53 265 4 economic economic ADJ issue-53 265 5 point point NOUN issue-53 265 6 of of ADP issue-53 265 7 view view NOUN issue-53 265 8 the the DET issue-53 265 9 motivation motivation NOUN issue-53 265 10 arising arise VERB issue-53 265 11 under under ADP issue-53 265 12 demand demand NOUN issue-53 265 13 influence influence NOUN issue-53 265 14 and and CCONJ issue-53 265 15 under under ADP issue-53 265 16 supply supply NOUN issue-53 265 17 impact impact NOUN issue-53 265 18 differ differ VERB issue-53 265 19 significantly significantly ADV issue-53 265 20 . . PUNCT issue-53 266 1 in in ADP issue-53 266 2 a a DET issue-53 266 3 demand demand NOUN issue-53 266 4 driven drive VERB issue-53 266 5 case case NOUN issue-53 266 6 the the DET issue-53 266 7 capital capital NOUN issue-53 266 8 structure structure NOUN issue-53 266 9 is be AUX issue-53 266 10 defined define VERB issue-53 266 11 by by ADP issue-53 266 12 financial financial ADJ issue-53 266 13 decisions decision NOUN issue-53 266 14 of of ADP issue-53 266 15 a a DET issue-53 266 16 corporation corporation NOUN issue-53 266 17 itself itself PRON issue-53 266 18 , , PUNCT issue-53 266 19 since since SCONJ issue-53 266 20 it it PRON issue-53 266 21 creates create VERB issue-53 266 22 the the DET issue-53 266 23 demand demand NOUN issue-53 266 24 for for ADP issue-53 266 25 financial financial ADJ issue-53 266 26 resources resource NOUN issue-53 266 27 . . PUNCT issue-53 267 1 demand demand NOUN issue-53 267 2 is be AUX issue-53 267 3 in in ADP issue-53 267 4 fact fact NOUN issue-53 267 5 a a DET issue-53 267 6 result result NOUN issue-53 267 7 of of ADP issue-53 267 8 one one NUM issue-53 267 9 or or CCONJ issue-53 267 10 another another DET issue-53 267 11 policy policy NOUN issue-53 267 12 of of ADP issue-53 267 13 corporate corporate ADJ issue-53 267 14 capital capital NOUN issue-53 267 15 structure structure NOUN issue-53 267 16 that that PRON issue-53 267 17 is be AUX issue-53 267 18 in in ADP issue-53 267 19 turn turn NOUN issue-53 267 20 a a DET issue-53 267 21 sort sort NOUN issue-53 267 22 of of ADP issue-53 267 23 endogenous endogenous ADJ issue-53 267 24 issue issue NOUN issue-53 267 25 from from ADP issue-53 267 26 corporate corporate ADJ issue-53 267 27 point point NOUN issue-53 267 28 of of ADP issue-53 267 29 view view NOUN issue-53 267 30 . . PUNCT issue-53 268 1 a a DET issue-53 268 2 supply supply NOUN issue-53 268 3 driven drive VERB issue-53 268 4 motivation motivation NOUN issue-53 268 5 is be AUX issue-53 268 6 exogenous exogenous ADJ issue-53 268 7 from from ADP issue-53 268 8 corporate corporate ADJ issue-53 268 9 point point NOUN issue-53 268 10 of of ADP issue-53 268 11 view view NOUN issue-53 268 12 . . PUNCT issue-53 269 1 corporate corporate ADJ issue-53 269 2 capital capital NOUN issue-53 269 3 structure structure NOUN issue-53 269 4 policy policy NOUN issue-53 269 5 is be AUX issue-53 269 6 in in ADP issue-53 269 7 this this DET issue-53 269 8 case case NOUN issue-53 269 9 a a DET issue-53 269 10 response response NOUN issue-53 269 11 to to ADP issue-53 269 12 changes change NOUN issue-53 269 13 in in ADP issue-53 269 14 certain certain ADJ issue-53 269 15 external external ADJ issue-53 269 16 conditions condition NOUN issue-53 269 17 – – PUNCT issue-53 269 18 resources resource NOUN issue-53 269 19 supply supply NOUN issue-53 269 20 . . PUNCT issue-53 270 1 second second ADJ issue-53 270 2 , , PUNCT issue-53 270 3 demand demand NOUN issue-53 270 4 factors factor NOUN issue-53 270 5 substantially substantially ADV issue-53 270 6 exceed exceed VERB issue-53 270 7 supply supply NOUN issue-53 270 8 ones one NOUN issue-53 270 9 in in ADP issue-53 270 10 terms term NOUN issue-53 270 11 of of ADP issue-53 270 12 their their PRON issue-53 270 13 quantity quantity NOUN issue-53 270 14 as as ADV issue-53 270 15 well well ADV issue-53 270 16 as as ADP issue-53 270 17 in in ADP issue-53 270 18 terms term NOUN issue-53 270 19 of of ADP issue-53 270 20 their their PRON issue-53 270 21 magnitude magnitude NOUN issue-53 270 22 . . PUNCT issue-53 271 1 the the DET issue-53 271 2 matter matter NOUN issue-53 271 3 is be AUX issue-53 271 4 that that SCONJ issue-53 271 5 demand demand NOUN issue-53 271 6 as as ADP issue-53 271 7 such such ADJ issue-53 271 8 is be AUX issue-53 271 9 a a DET issue-53 271 10 result result NOUN issue-53 271 11 of of ADP issue-53 271 12 corporate corporate ADJ issue-53 271 13 decisions decision NOUN issue-53 271 14 and and CCONJ issue-53 271 15 baltic baltic ADJ issue-53 271 16 journal journal NOUN issue-53 271 17 of of ADP issue-53 271 18 economic economic ADJ issue-53 271 19 studies study NOUN issue-53 271 20 160 160 NUM issue-53 271 21 vol vol NOUN issue-53 271 22 . . PROPN issue-53 272 1 1 1 NUM issue-53 272 2 , , PUNCT issue-53 272 3 no no INTJ issue-53 272 4 . . NOUN issue-53 272 5 2 2 NUM issue-53 272 6 , , PUNCT issue-53 272 7 2015 2015 NUM issue-53 272 8 affects affect VERB issue-53 272 9 capital capital NOUN issue-53 272 10 structure structure NOUN issue-53 272 11 much much ADV issue-53 272 12 intensively intensively ADV issue-53 272 13 . . PUNCT issue-53 273 1 major major ADJ issue-53 273 2 capital capital NOUN issue-53 273 3 structure structure NOUN issue-53 273 4 theories theory NOUN issue-53 273 5 have have VERB issue-53 273 6 demand demand NOUN issue-53 273 7 factors factor NOUN issue-53 273 8 underlying underlie VERB issue-53 273 9 . . PUNCT issue-53 274 1 the the DET issue-53 274 2 explored explore VERB issue-53 274 3 factors factor NOUN issue-53 274 4 are be AUX issue-53 274 5 arranged arrange VERB issue-53 274 6 according accord VERB issue-53 274 7 to to ADP issue-53 274 8 the the DET issue-53 274 9 demand demand NOUN issue-53 274 10 or or CCONJ issue-53 274 11 supply supply NOUN issue-53 274 12 character character NOUN issue-53 274 13 of of ADP issue-53 274 14 their their PRON issue-53 274 15 influence influence NOUN issue-53 274 16 and and CCONJ issue-53 274 17 classified classify VERB issue-53 274 18 according accord VERB issue-53 274 19 to to ADP issue-53 274 20 the the DET issue-53 274 21 possible possible ADJ issue-53 274 22 direction direction NOUN issue-53 274 23 of of ADP issue-53 274 24 their their PRON issue-53 274 25 impact impact NOUN issue-53 274 26 ( ( PUNCT issue-53 274 27 table table NOUN issue-53 274 28 2 2 NUM issue-53 274 29 ) ) PUNCT issue-53 274 30 . . PUNCT issue-53 275 1 table table NOUN issue-53 275 2 2 2 NUM issue-53 275 3 factors factor NOUN issue-53 275 4 of of ADP issue-53 275 5 mne mne PROPN issue-53 275 6 capital capital NOUN issue-53 275 7 structure structure NOUN issue-53 275 8 ( ( PUNCT issue-53 275 9 use use NOUN issue-53 275 10 of of ADP issue-53 275 11 debt debt NOUN issue-53 275 12 funds fund NOUN issue-53 275 13 ) ) PUNCT issue-53 275 14 factor factor NOUN issue-53 275 15 influence influence NOUN issue-53 275 16 direction direction NOUN issue-53 275 17 direct direct ADJ issue-53 275 18 indirect indirect ADJ issue-53 275 19 direct direct ADJ issue-53 275 20 and and CCONJ issue-53 275 21 indirect indirect ADJ issue-53 275 22 firm firm ADJ issue-53 275 23 specific specific ADJ issue-53 275 24 factors factor NOUN issue-53 275 25 assets asset NOUN issue-53 275 26 tangibility tangibility NOUN issue-53 275 27 d d PRON issue-53 275 28 internationalization internationalization NOUN issue-53 275 29 and and CCONJ issue-53 275 30 multinationality multinationality NOUN issue-53 275 31 d d PROPN issue-53 275 32 country country NOUN issue-53 275 33 cpecific cpecific NOUN issue-53 275 34 factors factor NOUN issue-53 275 35 bankruptcy bankruptcy PROPN issue-53 275 36 code code PROPN issue-53 275 37 development development PROPN issue-53 275 38 d d PROPN issue-53 275 39 / / SYM issue-53 275 40 s s PROPN issue-53 275 41 source source NOUN issue-53 275 42 of of ADP issue-53 275 43 law law NOUN issue-53 275 44 – – PUNCT issue-53 275 45 civil civil ADJ issue-53 275 46 d d PROPN issue-53 275 47 / / SYM issue-53 275 48 s s PROPN issue-53 275 49 source source NOUN issue-53 275 50 of of ADP issue-53 275 51 law law NOUN issue-53 275 52 – – PUNCT issue-53 275 53 common common ADJ issue-53 275 54 d d PROPN issue-53 275 55 / / SYM issue-53 275 56 s s PART issue-53 275 57 audit audit NOUN issue-53 275 58 and and CCONJ issue-53 275 59 accounting accounting NOUN issue-53 275 60 standards standard NOUN issue-53 275 61 d d X issue-53 275 62 creditors creditor NOUN issue-53 275 63 ’ ' PUNCT issue-53 275 64 rights right NOUN issue-53 275 65 protection protection NOUN issue-53 275 66 d d PROPN issue-53 275 67 / / SYM issue-53 275 68 s s PROPN issue-53 275 69 disclosure disclosure NOUN issue-53 275 70 requirements requirement NOUN issue-53 275 71 s s VERB issue-53 275 72 legal legal ADJ issue-53 275 73 system system NOUN issue-53 275 74 development development NOUN issue-53 275 75 d d PROPN issue-53 275 76 / / SYM issue-53 275 77 s s X issue-53 275 78 political political ADJ issue-53 275 79 risk risk NOUN issue-53 275 80 d d NOUN issue-53 275 81 host host NOUN issue-53 275 82 country country NOUN issue-53 275 83 capital capital NOUN issue-53 275 84 market market NOUN issue-53 275 85 development development NOUN issue-53 275 86 d d PROPN issue-53 275 87 / / SYM issue-53 275 88 s s PROPN issue-53 275 89 country country NOUN issue-53 275 90 and and CCONJ issue-53 275 91 firm firm ADJ issue-53 275 92 specific specific ADJ issue-53 275 93 factors factor NOUN issue-53 275 94 exchange exchange NOUN issue-53 275 95 rate rate NOUN issue-53 275 96 risk risk NOUN issue-53 275 97 d d PROPN issue-53 275 98 / / SYM issue-53 275 99 s s VERB issue-53 275 100 behavioral behavioral ADJ issue-53 275 101 factors factor NOUN issue-53 275 102 : : PUNCT issue-53 275 103 management management NOUN issue-53 275 104 gender gender NOUN issue-53 275 105 – – PUNCT issue-53 275 106 men man NOUN issue-53 275 107 d d NOUN issue-53 275 108 management management NOUN issue-53 275 109 gender gender NOUN issue-53 275 110 – – PUNCT issue-53 275 111 women woman NOUN issue-53 275 112 d d NOUN issue-53 275 113 management management NOUN issue-53 275 114 age age NOUN issue-53 276 1 d d NOUN issue-53 276 2 country country NOUN issue-53 276 3 individualism individualism NOUN issue-53 276 4 level level NOUN issue-53 276 5 ( ( PUNCT issue-53 276 6 overconfidence overconfidence NOUN issue-53 276 7 and and CCONJ issue-53 276 8 optimism optimism NOUN issue-53 276 9 ) ) PUNCT issue-53 276 10 d d ADP issue-53 276 11 religious religious ADJ issue-53 276 12 factor factor NOUN issue-53 276 13 – – PUNCT issue-53 276 14 islam islam PROPN issue-53 276 15 s s PART issue-53 276 16 religious religious ADJ issue-53 276 17 factor factor NOUN issue-53 276 18 – – PUNCT issue-53 276 19 catholicism catholicism NOUN issue-53 276 20 s s PART issue-53 276 21 religious religious ADJ issue-53 276 22 factor factor NOUN issue-53 276 23 – – PUNCT issue-53 276 24 protestantism protestantism NOUN issue-53 276 25 s s PART issue-53 276 26 notes note NOUN issue-53 276 27 : : PUNCT issue-53 276 28 1 1 X issue-53 276 29 . . NUM issue-53 276 30 elaborated elaborate VERB issue-53 276 31 and and CCONJ issue-53 276 32 compiled compile VERB issue-53 276 33 by by ADP issue-53 276 34 authors author NOUN issue-53 276 35 . . PUNCT issue-53 277 1 2 2 X issue-53 277 2 . . X issue-53 277 3 « « PUNCT issue-53 277 4 direct direct ADJ issue-53 277 5 and and CCONJ issue-53 277 6 indirect indirect ADJ issue-53 277 7 influence influence NOUN issue-53 277 8 » » PUNCT issue-53 277 9 means mean VERB issue-53 277 10 that that SCONJ issue-53 277 11 different different ADJ issue-53 277 12 theories theory NOUN issue-53 277 13 and and CCONJ issue-53 277 14 / / SYM issue-53 277 15 or or CCONJ issue-53 277 16 empirical empirical ADJ issue-53 277 17 research research NOUN issue-53 277 18 different different ADJ issue-53 277 19 possible possible ADJ issue-53 277 20 directions direction NOUN issue-53 277 21 of of ADP issue-53 277 22 impact impact NOUN issue-53 277 23 are be AUX issue-53 277 24 explored explore VERB issue-53 277 25 . . PUNCT issue-53 278 1 3 3 X issue-53 278 2 . . X issue-53 278 3 « « PUNCT issue-53 278 4 d d NOUN issue-53 278 5 » » X issue-53 278 6 – – PUNCT issue-53 278 7 demand demand NOUN issue-53 278 8 factor factor NOUN issue-53 278 9 . . PUNCT issue-53 279 1 « « PUNCT issue-53 279 2 s s X issue-53 279 3 » » X issue-53 279 4 – – PUNCT issue-53 279 5 supply supply NOUN issue-53 279 6 factor factor NOUN issue-53 279 7 . . PUNCT issue-53 280 1 « « PUNCT issue-53 280 2 d d X issue-53 280 3 / / SYM issue-53 280 4 s s X issue-53 280 5 » » PUNCT issue-53 280 6 – – PUNCT issue-53 280 7 a a DET issue-53 280 8 factor factor NOUN issue-53 280 9 can can AUX issue-53 280 10 be be AUX issue-53 280 11 either either CCONJ issue-53 280 12 a a DET issue-53 280 13 demand demand NOUN issue-53 280 14 factor factor NOUN issue-53 280 15 or or CCONJ issue-53 280 16 a a DET issue-53 280 17 supply supply NOUN issue-53 280 18 factor factor NOUN issue-53 280 19 . . PUNCT issue-53 281 1 the the DET issue-53 281 2 table table NOUN issue-53 281 3 2 2 NUM issue-53 281 4 data datum NOUN issue-53 281 5 allows allow VERB issue-53 281 6 to to PART issue-53 281 7 state state VERB issue-53 281 8 that that SCONJ issue-53 281 9 the the DET issue-53 281 10 suggested suggest VERB issue-53 281 11 classification classification NOUN issue-53 281 12 criterion criterion NOUN issue-53 281 13 allows allow VERB issue-53 281 14 making make VERB issue-53 281 15 the the DET issue-53 281 16 following follow VERB issue-53 281 17 important important ADJ issue-53 281 18 generalizations generalization NOUN issue-53 281 19 and and CCONJ issue-53 281 20 conclusions conclusion NOUN issue-53 281 21 . . PUNCT issue-53 282 1 first first ADV issue-53 282 2 , , PUNCT issue-53 282 3 all all DET issue-53 282 4 firm firm ADJ issue-53 282 5 specific specific ADJ issue-53 282 6 factors factor NOUN issue-53 282 7 are be AUX issue-53 282 8 demand demand NOUN issue-53 282 9 factors factor NOUN issue-53 282 10 . . PUNCT issue-53 283 1 they they PRON issue-53 283 2 define define VERB issue-53 283 3 the the DET issue-53 283 4 mne mne PROPN issue-53 283 5 capital capital NOUN issue-53 283 6 structure structure NOUN issue-53 283 7 by by ADP issue-53 283 8 creating create VERB issue-53 283 9 a a DET issue-53 283 10 demand demand NOUN issue-53 283 11 for for ADP issue-53 283 12 financial financial ADJ issue-53 283 13 resources resource NOUN issue-53 283 14 from from ADP issue-53 283 15 corporations2 corporations2 PROPN issue-53 283 16 . . PUNCT issue-53 284 1 second second ADJ issue-53 284 2 , , PUNCT issue-53 284 3 country country NOUN issue-53 284 4 specific specific ADJ issue-53 284 5 factors factor NOUN issue-53 284 6 are be AUX issue-53 284 7 mostly mostly ADV issue-53 284 8 supply supply NOUN issue-53 284 9 and and CCONJ issue-53 284 10 demand demand NOUN issue-53 284 11 factor factor NOUN issue-53 284 12 . . PUNCT issue-53 285 1 on on ADP issue-53 285 2 the the DET issue-53 285 3 one one NUM issue-53 285 4 hand hand NOUN issue-53 285 5 , , PUNCT issue-53 285 6 they they PRON issue-53 285 7 affect affect VERB issue-53 285 8 corporate corporate ADJ issue-53 285 9 financial financial ADJ issue-53 285 10 decisions decision NOUN issue-53 285 11 and and CCONJ issue-53 285 12 , , PUNCT issue-53 285 13 on on ADP issue-53 285 14 the the DET issue-53 285 15 other other ADJ issue-53 285 16 , , PUNCT issue-53 285 17 they they PRON issue-53 285 18 define define VERB issue-53 285 19 the the DET issue-53 285 20 general general ADJ issue-53 285 21 situation situation NOUN issue-53 285 22 in in ADP issue-53 285 23 a a DET issue-53 285 24 country country NOUN issue-53 285 25 including include VERB issue-53 285 26 macroeconomic macroeconomic ADJ issue-53 285 27 conditions condition NOUN issue-53 285 28 thus thus ADV issue-53 285 29 affecting affect VERB issue-53 285 30 the the DET issue-53 285 31 decisions decision NOUN issue-53 285 32 of of ADP issue-53 285 33 investors investor NOUN issue-53 285 34 who who PRON issue-53 285 35 invest invest VERB issue-53 285 36 in in ADP issue-53 285 37 corporate corporate ADJ issue-53 285 38 securities security NOUN issue-53 285 39 . . PUNCT issue-53 286 1 third third ADV issue-53 286 2 , , PUNCT issue-53 286 3 there there PRON issue-53 286 4 are be VERB issue-53 286 5 factors factor NOUN issue-53 286 6 that that PRON issue-53 286 7 can can AUX issue-53 286 8 affect affect VERB issue-53 286 9 corporate corporate ADJ issue-53 286 10 capital capital NOUN issue-53 286 11 structure structure NOUN issue-53 286 12 either either CCONJ issue-53 286 13 on on ADP issue-53 286 14 the the DET issue-53 286 15 level level NOUN issue-53 286 16 of of ADP issue-53 286 17 a a DET issue-53 286 18 firm firm NOUN issue-53 286 19 or or CCONJ issue-53 286 20 on on ADP issue-53 286 21 a a DET issue-53 286 22 country country NOUN issue-53 286 23 level level NOUN issue-53 286 24 . . PUNCT issue-53 287 1 they they PRON issue-53 287 2 are be AUX issue-53 287 3 the the DET issue-53 287 4 exchange exchange NOUN issue-53 287 5 rate rate NOUN issue-53 287 6 risk risk NOUN issue-53 287 7 factor factor NOUN issue-53 287 8 and and CCONJ issue-53 287 9 a a DET issue-53 287 10 set set NOUN issue-53 287 11 of of ADP issue-53 287 12 behavioral behavioral ADJ issue-53 287 13 factors factor NOUN issue-53 287 14 . . PUNCT issue-53 288 1 some some PRON issue-53 288 2 of of ADP issue-53 288 3 them they PRON issue-53 288 4 are be AUX issue-53 288 5 demand demand NOUN issue-53 288 6 factors factor NOUN issue-53 288 7 and and CCONJ issue-53 288 8 others other NOUN issue-53 288 9 are be AUX issue-53 288 10 supply supply NOUN issue-53 288 11 factors factor NOUN issue-53 288 12 while while SCONJ issue-53 288 13 some some PRON issue-53 288 14 can can AUX issue-53 288 15 be be AUX issue-53 288 16 demand demand NOUN issue-53 288 17 and and CCONJ issue-53 288 18 supply supply NOUN issue-53 288 19 factors factor NOUN issue-53 288 20 . . PUNCT issue-53 289 1 fourth fourth ADJ issue-53 289 2 , , PUNCT issue-53 289 3 all all DET issue-53 289 4 country country NOUN issue-53 289 5 specific specific ADJ issue-53 289 6 and and CCONJ issue-53 289 7 firm firm ADJ issue-53 289 8 specific specific ADJ issue-53 289 9 factors factor NOUN issue-53 289 10 influence influence VERB issue-53 289 11 the the DET issue-53 289 12 corporate corporate ADJ issue-53 289 13 capital capital NOUN issue-53 289 14 structure structure NOUN issue-53 289 15 of of ADP issue-53 289 16 mnes mne NOUN issue-53 289 17 and and CCONJ issue-53 289 18 their their PRON issue-53 289 19 affiliates affiliate NOUN issue-53 289 20 as as ADV issue-53 289 21 well well ADV issue-53 289 22 as as ADP issue-53 289 23 of of ADP issue-53 289 24 domestic domestic ADJ issue-53 289 25 corporations corporation NOUN issue-53 289 26 . . PUNCT issue-53 290 1 however however ADV issue-53 290 2 , , PUNCT issue-53 290 3 some some PRON issue-53 290 4 of of ADP issue-53 290 5 them they PRON issue-53 290 6 are be AUX issue-53 290 7 especially especially ADV issue-53 290 8 important important ADJ issue-53 290 9 for for ADP issue-53 290 10 mne mne PROPN issue-53 290 11 and and CCONJ issue-53 290 12 to to ADP issue-53 290 13 a a DET issue-53 290 14 lesser less ADJ issue-53 290 15 extent extent NOUN issue-53 290 16 for for ADP issue-53 290 17 domestic domestic ADJ issue-53 290 18 corporations corporation NOUN issue-53 290 19 . . PUNCT issue-53 291 1 some some DET issue-53 291 2 factors factor NOUN issue-53 291 3 can can AUX issue-53 291 4 not not PART issue-53 291 5 influence influence VERB issue-53 291 6 the the DET issue-53 291 7 capital capital NOUN issue-53 291 8 structure structure NOUN issue-53 291 9 of of ADP issue-53 291 10 domestic domestic ADJ issue-53 291 11 corporations corporation NOUN issue-53 291 12 at at ADV issue-53 291 13 all all ADV issue-53 291 14 . . PUNCT issue-53 292 1 for for ADP issue-53 292 2 example example NOUN issue-53 292 3 , , PUNCT issue-53 292 4 firm firm ADJ issue-53 292 5 specific specific ADJ issue-53 292 6 factors factor NOUN issue-53 292 7 in in ADP issue-53 292 8 table table NOUN issue-53 292 9 2 2 NUM issue-53 292 10 are be AUX issue-53 292 11 typical typical ADJ issue-53 292 12 for for ADP issue-53 292 13 mnes mne NOUN issue-53 292 14 though though SCONJ issue-53 292 15 there there PRON issue-53 292 16 can can AUX issue-53 292 17 be be AUX issue-53 292 18 much much ADV issue-53 292 19 more more ADJ issue-53 292 20 factors factor NOUN issue-53 292 21 influencing influence VERB issue-53 292 22 the the DET issue-53 292 23 capital capital NOUN issue-53 292 24 structure structure NOUN issue-53 292 25 of of ADP issue-53 292 26 domestic domestic ADJ issue-53 292 27 corporations corporation NOUN issue-53 292 28 as as ADV issue-53 292 29 well well ADV issue-53 292 30 . . PUNCT issue-53 293 1 among among ADP issue-53 293 2 them they PRON issue-53 293 3 are be AUX issue-53 293 4 , , PUNCT issue-53 293 5 for for ADP issue-53 293 6 example example NOUN issue-53 293 7 , , PUNCT issue-53 293 8 corporate corporate ADJ issue-53 293 9 income income NOUN issue-53 293 10 tax tax NOUN issue-53 293 11 , , PUNCT issue-53 293 12 profitability profitability NOUN issue-53 293 13 , , PUNCT issue-53 293 14 liquidity liquidity NOUN issue-53 293 15 and and CCONJ issue-53 293 16 others other NOUN issue-53 293 17 . . PUNCT issue-53 294 1 fifth fifth ADJ issue-53 294 2 , , PUNCT issue-53 294 3 firm firm ADJ issue-53 294 4 specific specific ADJ issue-53 294 5 factors factor NOUN issue-53 294 6 have have VERB issue-53 294 7 stricter strict ADJ issue-53 294 8 influence influence NOUN issue-53 294 9 and and CCONJ issue-53 294 10 their their PRON issue-53 294 11 effect effect NOUN issue-53 294 12 can can AUX issue-53 294 13 be be AUX issue-53 294 14 clearly clearly ADV issue-53 294 15 distinguished distinguish VERB issue-53 294 16 for for ADP issue-53 294 17 mnes mne NOUN issue-53 294 18 and and CCONJ issue-53 294 19 for for ADP issue-53 294 20 domestic domestic ADJ issue-53 294 21 corporations corporation NOUN issue-53 294 22 . . PUNCT issue-53 295 1 at at ADP issue-53 295 2 the the DET issue-53 295 3 same same ADJ issue-53 295 4 time time NOUN issue-53 295 5 country country NOUN issue-53 295 6 specific specific ADJ issue-53 295 7 factors factor NOUN issue-53 295 8 produce produce VERB issue-53 295 9 much much ADV issue-53 295 10 wider wide ADJ issue-53 295 11 effect effect NOUN issue-53 295 12 on on ADP issue-53 295 13 corporate corporate ADJ issue-53 295 14 capital capital NOUN issue-53 295 15 structure structure NOUN issue-53 295 16 which which PRON issue-53 295 17 is be AUX issue-53 295 18 much much ADV issue-53 295 19 more more ADV issue-53 295 20 difficult difficult ADJ issue-53 295 21 to to PART issue-53 295 22 be be AUX issue-53 295 23 divided divide VERB issue-53 295 24 into into ADP issue-53 295 25 multinational multinational ADJ issue-53 295 26 and and CCONJ issue-53 295 27 domestic domestic ADJ issue-53 295 28 subeffects subeffect NOUN issue-53 295 29 . . PUNCT issue-53 296 1 that that PRON issue-53 296 2 is be AUX issue-53 296 3 why why SCONJ issue-53 296 4 there there PRON issue-53 296 5 are be VERB issue-53 296 6 much much ADV issue-53 296 7 more more ADJ issue-53 296 8 country country NOUN issue-53 296 9 specific specific ADJ issue-53 296 10 factors factor NOUN issue-53 296 11 that that PRON issue-53 296 12 can can AUX issue-53 296 13 be be AUX issue-53 296 14 typical typical ADJ issue-53 296 15 for for ADP issue-53 296 16 mnes mne NOUN issue-53 296 17 . . PUNCT issue-53 297 1 notwithstanding notwithstanding ADP issue-53 297 2 , , PUNCT issue-53 297 3 there there PRON issue-53 297 4 are be VERB issue-53 297 5 factor factor NOUN issue-53 297 6 affecting affect VERB issue-53 297 7 corporate corporate ADJ issue-53 297 8 capital capital NOUN issue-53 297 9 structure structure NOUN issue-53 297 10 purely purely ADV issue-53 297 11 for for ADP issue-53 297 12 multinationals multinational NOUN issue-53 297 13 . . PUNCT issue-53 298 1 they they PRON issue-53 298 2 are be AUX issue-53 298 3 exchange exchange NOUN issue-53 298 4 rate rate NOUN issue-53 298 5 risk risk NOUN issue-53 298 6 , , PUNCT issue-53 298 7 level level NOUN issue-53 298 8 of of ADP issue-53 298 9 multinationality multinationality NOUN issue-53 298 10 , , PUNCT issue-53 298 11 host host NOUN issue-53 298 12 country country NOUN issue-53 298 13 capital capital NOUN issue-53 298 14 markets market NOUN issue-53 298 15 development development NOUN issue-53 298 16 level level NOUN issue-53 298 17 and and CCONJ issue-53 298 18 political political ADJ issue-53 298 19 risk risk NOUN issue-53 298 20 . . PUNCT issue-53 299 1 7 7 X issue-53 299 2 . . X issue-53 299 3 conclusions conclusion NOUN issue-53 299 4 factors factor NOUN issue-53 299 5 of of ADP issue-53 299 6 corporate corporate ADJ issue-53 299 7 capital capital NOUN issue-53 299 8 structure structure NOUN issue-53 299 9 can can AUX issue-53 299 10 be be AUX issue-53 299 11 either either CCONJ issue-53 299 12 firm firm ADJ issue-53 299 13 specific specific ADJ issue-53 299 14 , , PUNCT issue-53 299 15 country country NOUN issue-53 299 16 specific specific ADJ issue-53 299 17 , , PUNCT issue-53 299 18 firm firm ADJ issue-53 299 19 and and CCONJ issue-53 299 20 country country NOUN issue-53 299 21 specific specific ADJ issue-53 299 22 . . PUNCT issue-53 300 1 different different ADJ issue-53 300 2 theories theory NOUN issue-53 300 3 and and CCONJ issue-53 300 4 empirical empirical ADJ issue-53 300 5 research research NOUN issue-53 300 6 explain explain VERB issue-53 300 7 the the DET issue-53 300 8 influence influence NOUN issue-53 300 9 of of ADP issue-53 300 10 different different ADJ issue-53 300 11 factors factor NOUN issue-53 300 12 on on ADP issue-53 300 13 corporate corporate ADJ issue-53 300 14 capital capital NOUN issue-53 300 15 structure structure NOUN issue-53 300 16 differently differently ADV issue-53 300 17 , , PUNCT issue-53 300 18 that that PRON issue-53 300 19 is be AUX issue-53 300 20 why why SCONJ issue-53 300 21 some some DET issue-53 300 22 factors factor NOUN issue-53 300 23 can can AUX issue-53 300 24 affect affect VERB issue-53 300 25 directly directly ADV issue-53 300 26 and and CCONJ issue-53 300 27 / / SYM issue-53 300 28 or or CCONJ issue-53 300 29 indirectly indirectly ADV issue-53 300 30 . . PUNCT issue-53 301 1 some some DET issue-53 301 2 factors factor NOUN issue-53 301 3 of of ADP issue-53 301 4 corporate corporate ADJ issue-53 301 5 capital capital NOUN issue-53 301 6 structure structure NOUN issue-53 301 7 influence influence NOUN issue-53 301 8 either either CCONJ issue-53 301 9 mnes mne NOUN issue-53 301 10 or or CCONJ issue-53 301 11 domestic domestic ADJ issue-53 301 12 corporations corporation NOUN issue-53 301 13 , , PUNCT issue-53 301 14 but but CCONJ issue-53 301 15 some some PRON issue-53 301 16 of of ADP issue-53 301 17 them they PRON issue-53 301 18 are be AUX issue-53 301 19 typical typical ADJ issue-53 301 20 for for ADP issue-53 301 21 mne mne PROPN issue-53 301 22 to to ADP issue-53 301 23 a a DET issue-53 301 24 larger large ADJ issue-53 301 25 extent extent NOUN issue-53 301 26 . . PUNCT issue-53 302 1 they they PRON issue-53 302 2 are be AUX issue-53 302 3 the the DET issue-53 302 4 level level NOUN issue-53 302 5 of of ADP issue-53 302 6 multinationality multinationality NOUN issue-53 302 7 and and CCONJ issue-53 302 8 internationalization internationalization NOUN issue-53 302 9 and and CCONJ issue-53 302 10 assets asset NOUN issue-53 302 11 tangibility tangibility NOUN issue-53 302 12 on on ADP issue-53 302 13 the the DET issue-53 302 14 level level NOUN issue-53 302 15 of of ADP issue-53 302 16 a a DET issue-53 302 17 firm firm NOUN issue-53 302 18 . . PUNCT issue-53 303 1 among among ADP issue-53 303 2 country country NOUN issue-53 303 3 specific specific ADJ issue-53 303 4 factors factor NOUN issue-53 303 5 mne mne PROPN issue-53 303 6 capital capital NOUN issue-53 303 7 structure structure NOUN issue-53 303 8 is be AUX issue-53 303 9 substantially substantially ADV issue-53 303 10 affected affect VERB issue-53 303 11 by by ADP issue-53 303 12 political political ADJ issue-53 303 13 risks risk NOUN issue-53 303 14 and and CCONJ issue-53 303 15 the the DET issue-53 303 16 level level NOUN issue-53 303 17 of of ADP issue-53 303 18 host host NOUN issue-53 303 19 country country NOUN issue-53 303 20 capital capital NOUN issue-53 303 21 market market NOUN issue-53 303 22 development development NOUN issue-53 303 23 . . PUNCT issue-53 304 1 other other ADJ issue-53 304 2 country country NOUN issue-53 304 3 specific specific ADJ issue-53 304 4 factors factor NOUN issue-53 304 5 influence influence VERB issue-53 304 6 mne mne PROPN issue-53 304 7 as as ADV issue-53 304 8 well well ADV issue-53 304 9 as as ADP issue-53 304 10 domestic domestic ADJ issue-53 304 11 corporations corporation NOUN issue-53 304 12 . . PUNCT issue-53 305 1 among among ADP issue-53 305 2 factors factor NOUN issue-53 305 3 of of ADP issue-53 305 4 combined combine VERB issue-53 305 5 influence influence NOUN issue-53 305 6 exchange exchange NOUN issue-53 305 7 rate rate NOUN issue-53 305 8 risk risk NOUN issue-53 305 9 is be AUX issue-53 305 10 essential essential ADJ issue-53 305 11 for for ADP issue-53 305 12 mnes mne NOUN issue-53 305 13 , , PUNCT issue-53 305 14 while while SCONJ issue-53 305 15 a a DET issue-53 305 16 set set NOUN issue-53 305 17 of of ADP issue-53 305 18 behavioral behavioral ADJ issue-53 305 19 factors factor NOUN issue-53 305 20 is be AUX issue-53 305 21 also also ADV issue-53 305 22 substantial substantial ADJ issue-53 305 23 for for ADP issue-53 305 24 mnes mne NOUN issue-53 305 25 but but CCONJ issue-53 305 26 also also ADV issue-53 305 27 affects affect VERB issue-53 305 28 domestic domestic ADJ issue-53 305 29 corporations corporation NOUN issue-53 305 30 . . PUNCT issue-53 306 1 one one NUM issue-53 306 2 important important ADJ issue-53 306 3 criteria criterion NOUN issue-53 306 4 underlies underlie VERB issue-53 306 5 the the DET issue-53 306 6 pattern pattern NOUN issue-53 306 7 of of ADP issue-53 306 8 different different ADJ issue-53 306 9 factors factor NOUN issue-53 306 10 influence influence NOUN issue-53 306 11 on on ADP issue-53 306 12 capital capital NOUN issue-53 306 13 structure structure NOUN issue-53 306 14 . . PUNCT issue-53 307 1 according accord VERB issue-53 307 2 to to ADP issue-53 307 3 the the DET issue-53 307 4 origin origin NOUN issue-53 307 5 of of ADP issue-53 307 6 influence influence NOUN issue-53 307 7 , , PUNCT issue-53 307 8 they they PRON issue-53 307 9 can can AUX issue-53 307 10 be be AUX issue-53 307 11 divided divide VERB issue-53 307 12 into into ADP issue-53 307 13 demand demand NOUN issue-53 307 14 and and CCONJ issue-53 307 15 supply supply NOUN issue-53 307 16 factors factor NOUN issue-53 307 17 , , PUNCT issue-53 307 18 while while SCONJ issue-53 307 19 some some PRON issue-53 307 20 of of ADP issue-53 307 21 them they PRON issue-53 307 22 can can AUX issue-53 307 23 be be AUX issue-53 307 24 demand demand NOUN issue-53 307 25 and and CCONJ issue-53 307 26 supply supply NOUN issue-53 307 27 factors factor NOUN issue-53 307 28 at at ADP issue-53 307 29 the the DET issue-53 307 30 same same ADJ issue-53 307 31 time time NOUN issue-53 307 32 . . PUNCT issue-53 308 1 demand demand NOUN issue-53 308 2 factors factor NOUN issue-53 308 3 imply imply VERB issue-53 308 4 that that SCONJ issue-53 308 5 a a DET issue-53 308 6 corporation corporation NOUN issue-53 308 7 creates create VERB issue-53 308 8 demand demand NOUN issue-53 308 9 for for ADP issue-53 308 10 financial financial ADJ issue-53 308 11 resources resource NOUN issue-53 308 12 and and CCONJ issue-53 308 13 its its PRON issue-53 308 14 capital capital NOUN issue-53 308 15 structure structure NOUN issue-53 308 16 is be AUX issue-53 308 17 defined define VERB issue-53 308 18 internally internally ADV issue-53 308 19 . . PUNCT issue-53 309 1 supply supply NOUN issue-53 309 2 factors factor NOUN issue-53 309 3 imply imply VERB issue-53 309 4 an an DET issue-53 309 5 external external ADJ issue-53 309 6 capital capital NOUN issue-53 309 7 structure structure NOUN issue-53 309 8 since since SCONJ issue-53 309 9 it it PRON issue-53 309 10 is be AUX issue-53 309 11 created create VERB issue-53 309 12 by by ADP issue-53 309 13 external external ADJ issue-53 309 14 2 2 NUM issue-53 309 15 by by ADP issue-53 309 16 “ " PUNCT issue-53 309 17 all all DET issue-53 309 18 firm firm ADJ issue-53 309 19 specific specific ADJ issue-53 309 20 ” " PUNCT issue-53 309 21 we we PRON issue-53 309 22 mean mean VERB issue-53 309 23 not not PART issue-53 309 24 only only ADV issue-53 309 25 those those DET issue-53 309 26 factors factor NOUN issue-53 309 27 covered cover VERB issue-53 309 28 in in ADP issue-53 309 29 our our PRON issue-53 309 30 study study NOUN issue-53 309 31 but but CCONJ issue-53 309 32 all all DET issue-53 309 33 influencing influence VERB issue-53 309 34 factors factor NOUN issue-53 309 35 . . PUNCT issue-53 310 1 they they PRON issue-53 310 2 are be AUX issue-53 310 3 all all PRON issue-53 310 4 demand demand NOUN issue-53 310 5 factors factor NOUN issue-53 310 6 . . PUNCT issue-53 311 1 baltic baltic ADJ issue-53 311 2 journal journal PROPN issue-53 311 3 of of ADP issue-53 311 4 economic economic ADJ issue-53 311 5 studies study NOUN issue-53 311 6 161 161 NUM issue-53 311 7 vol vol NOUN issue-53 311 8 . . PROPN issue-53 312 1 1 1 NUM issue-53 312 2 , , PUNCT issue-53 312 3 no no INTJ issue-53 312 4 . . NOUN issue-53 312 5 2 2 NUM issue-53 312 6 , , PUNCT issue-53 312 7 2015 2015 NUM issue-53 312 8 investors investor NOUN issue-53 312 9 supply supply NOUN issue-53 312 10 of of ADP issue-53 312 11 financial financial ADJ issue-53 312 12 resources resource NOUN issue-53 312 13 . . PUNCT issue-53 313 1 firm firm ADJ issue-53 313 2 specific specific ADJ issue-53 313 3 factors factor NOUN issue-53 313 4 have have VERB issue-53 313 5 much much ADJ issue-53 313 6 stricter strict ADJ issue-53 313 7 influence influence NOUN issue-53 313 8 and and CCONJ issue-53 313 9 their their PRON issue-53 313 10 effect effect NOUN issue-53 313 11 can can AUX issue-53 313 12 be be AUX issue-53 313 13 clearly clearly ADV issue-53 313 14 distinguished distinguish VERB issue-53 313 15 for for ADP issue-53 313 16 mnes mne NOUN issue-53 313 17 and and CCONJ issue-53 313 18 for for ADP issue-53 313 19 domestic domestic ADJ issue-53 313 20 corporations corporation NOUN issue-53 313 21 . . PUNCT issue-53 314 1 country country NOUN issue-53 314 2 specific specific ADJ issue-53 314 3 factors factor NOUN issue-53 314 4 produce produce VERB issue-53 314 5 much much ADV issue-53 314 6 wider wide ADJ issue-53 314 7 effect effect NOUN issue-53 314 8 on on ADP issue-53 314 9 corporate corporate ADJ issue-53 314 10 capital capital NOUN issue-53 314 11 structure structure NOUN issue-53 314 12 which which PRON issue-53 314 13 is be AUX issue-53 314 14 much much ADV issue-53 314 15 more more ADV issue-53 314 16 difficult difficult ADJ issue-53 314 17 to to PART issue-53 314 18 be be AUX issue-53 314 19 divided divide VERB issue-53 314 20 into into ADP issue-53 314 21 multinational multinational ADJ issue-53 314 22 and and CCONJ issue-53 314 23 domestic domestic ADJ issue-53 314 24 sub sub NOUN issue-53 314 25 - - NOUN issue-53 314 26 effects effect NOUN issue-53 314 27 . . PUNCT issue-53 315 1 that that PRON issue-53 315 2 is be AUX issue-53 315 3 why why SCONJ issue-53 315 4 there there PRON issue-53 315 5 are be VERB issue-53 315 6 much much ADV issue-53 315 7 more more ADJ issue-53 315 8 country country NOUN issue-53 315 9 specific specific ADJ issue-53 315 10 factors factor NOUN issue-53 315 11 that that PRON issue-53 315 12 can can AUX issue-53 315 13 be be AUX issue-53 315 14 typical typical ADJ issue-53 315 15 for for ADP issue-53 315 16 mnes mne NOUN issue-53 315 17 . . PUNCT issue-53 316 1 notwithstanding notwithstanding ADP issue-53 316 2 , , PUNCT issue-53 316 3 there there PRON issue-53 316 4 are be VERB issue-53 316 5 factors factor NOUN issue-53 316 6 affecting affect VERB issue-53 316 7 corporate corporate ADJ issue-53 316 8 capital capital NOUN issue-53 316 9 structure structure NOUN issue-53 316 10 purely purely ADV issue-53 316 11 for for ADP issue-53 316 12 multinationals multinational NOUN issue-53 316 13 . . PUNCT issue-53 317 1 they they PRON issue-53 317 2 are be AUX issue-53 317 3 exchange exchange NOUN issue-53 317 4 rate rate NOUN issue-53 317 5 risk risk NOUN issue-53 317 6 , , PUNCT issue-53 317 7 level level NOUN issue-53 317 8 of of ADP issue-53 317 9 multinationality multinationality NOUN issue-53 317 10 , , PUNCT issue-53 317 11 political political ADJ issue-53 317 12 risk risk NOUN issue-53 317 13 , , PUNCT issue-53 317 14 assets asset NOUN issue-53 317 15 tangibility tangibility NOUN issue-53 317 16 and and CCONJ issue-53 317 17 the the DET issue-53 317 18 level level NOUN issue-53 317 19 of of ADP issue-53 317 20 host host NOUN issue-53 317 21 country country NOUN issue-53 317 22 capital capital NOUN issue-53 317 23 market market NOUN issue-53 317 24 development development NOUN issue-53 317 25 . . PUNCT issue-53 318 1 behavioral behavioral ADJ issue-53 318 2 factors factor NOUN issue-53 318 3 also also ADV issue-53 318 4 substantially substantially ADV issue-53 318 5 affect affect VERB issue-53 318 6 mne mne PROPN issue-53 318 7 capital capital NOUN issue-53 318 8 structure structure NOUN issue-53 318 9 but but CCONJ issue-53 318 10 also also ADV issue-53 318 11 influence influence VERB issue-53 318 12 domestic domestic ADJ issue-53 318 13 corporations corporation NOUN issue-53 318 14 . . PUNCT issue-53 319 1 references reference NOUN issue-53 319 2 antonczyk antonczyk VERB issue-53 319 3 , , PUNCT issue-53 319 4 r.c r.c PROPN issue-53 319 5 . . PROPN issue-53 319 6 , , PUNCT issue-53 319 7 salzmann salzmann PROPN issue-53 319 8 , , PUNCT issue-53 319 9 a.j a.j PROPN issue-53 319 10 . . PROPN issue-53 319 11 ( ( PUNCT issue-53 319 12 2014 2014 NUM issue-53 319 13 ) ) PUNCT issue-53 319 14 . . PUNCT issue-53 320 1 overconfidence overconfidence NOUN issue-53 320 2 and and CCONJ issue-53 320 3 optimism optimism NOUN issue-53 320 4 : : PUNCT issue-53 320 5 the the DET issue-53 320 6 effect effect NOUN issue-53 320 7 of of ADP issue-53 320 8 national national ADJ issue-53 320 9 culture culture NOUN issue-53 320 10 on on ADP issue-53 320 11 capital capital NOUN issue-53 320 12 structure structure NOUN issue-53 320 13 . . PUNCT issue-53 321 1 research research NOUN issue-53 321 2 in in ADP issue-53 321 3 international international ADJ issue-53 321 4 business business NOUN issue-53 321 5 and and CCONJ issue-53 321 6 finance finance NOUN issue-53 321 7 , , PUNCT issue-53 321 8 vol vol NOUN issue-53 321 9 . . PROPN issue-53 321 10 31 31 NUM issue-53 321 11 , , PUNCT issue-53 321 12 p. p. NOUN issue-53 321 13 132–151 132–151 NUM issue-53 321 14 . . PUNCT issue-53 322 1 baxamusa baxamusa NOUN issue-53 322 2 , , PUNCT issue-53 322 3 m. m. NOUN issue-53 322 4 , , PUNCT issue-53 322 5 jala jala PROPN issue-53 322 6 , , PUNCT issue-53 322 7 a. a. NOUN issue-53 322 8 ( ( PUNCT issue-53 322 9 2014 2014 NUM issue-53 322 10 ) ) PUNCT issue-53 322 11 . . PUNCT issue-53 323 1 does do AUX issue-53 323 2 religion religion NOUN issue-53 323 3 affect affect VERB issue-53 323 4 capital capital NOUN issue-53 323 5 structure structure NOUN issue-53 323 6 ? ? PUNCT issue-53 324 1 research research NOUN issue-53 324 2 in in ADP issue-53 324 3 international international ADJ issue-53 324 4 business business NOUN issue-53 324 5 and and CCONJ issue-53 324 6 finance finance NOUN issue-53 324 7 , , PUNCT issue-53 324 8 vol vol NOUN issue-53 324 9 . . PROPN issue-53 324 10 31 31 NUM issue-53 324 11 , , PUNCT issue-53 324 12 issue issue NOUN issue-53 324 13 1 1 NUM issue-53 324 14 , , PUNCT issue-53 324 15 p. p. NOUN issue-53 324 16 112–131 112–131 NUM issue-53 324 17 . . PUNCT issue-53 325 1 burgman burgman PROPN issue-53 325 2 , , PUNCT issue-53 325 3 t.a t.a PROPN issue-53 325 4 . . PROPN issue-53 325 5 ( ( PUNCT issue-53 325 6 1996 1996 NUM issue-53 325 7 ) ) PUNCT issue-53 325 8 . . PUNCT issue-53 326 1 an an DET issue-53 326 2 empirical empirical ADJ issue-53 326 3 examination examination NOUN issue-53 326 4 of of ADP issue-53 326 5 multinational multinational ADJ issue-53 326 6 corporate corporate ADJ issue-53 326 7 capital capital NOUN issue-53 326 8 structure structure NOUN issue-53 326 9 . . PUNCT issue-53 327 1 journal journal PROPN issue-53 327 2 of of ADP issue-53 327 3 international international ADJ issue-53 327 4 business business NOUN issue-53 327 5 studies study NOUN issue-53 327 6 , , PUNCT issue-53 327 7 vol vol NOUN issue-53 327 8 . . PROPN issue-53 327 9 27 27 NUM issue-53 327 10 , , PUNCT issue-53 327 11 issue issue NOUN issue-53 327 12 3 3 NUM issue-53 327 13 , , PUNCT issue-53 327 14 p. p. NOUN issue-53 327 15 553–570 553–570 NUM issue-53 327 16 . . PUNCT issue-53 328 1 cho cho PROPN issue-53 328 2 , , PUNCT issue-53 328 3 s. s. PROPN issue-53 328 4 , , PUNCT issue-53 328 5 ghoul ghoul PROPN issue-53 328 6 , , PUNCT issue-53 328 7 s. s. PROPN issue-53 328 8 , , PUNCT issue-53 328 9 guedhami guedhami NOUN issue-53 328 10 , , PUNCT issue-53 328 11 o. o. PROPN issue-53 328 12 , , PUNCT issue-53 328 13 suh suh PROPN issue-53 328 14 j. j. PROPN issue-53 328 15 ( ( PUNCT issue-53 328 16 2014 2014 NUM issue-53 328 17 ) ) PUNCT issue-53 328 18 . . PUNCT issue-53 329 1 creditor creditor NOUN issue-53 329 2 rights right NOUN issue-53 329 3 and and CCONJ issue-53 329 4 capital capital NOUN issue-53 329 5 structure structure NOUN issue-53 329 6 : : PUNCT issue-53 329 7 evidence evidence NOUN issue-53 329 8 from from ADP issue-53 329 9 international international ADJ issue-53 329 10 data datum NOUN issue-53 329 11 . . PUNCT issue-53 330 1 journal journal NOUN issue-53 330 2 of of ADP issue-53 330 3 corporate corporate ADJ issue-53 330 4 finance finance NOUN issue-53 330 5 , , PUNCT issue-53 330 6 vol vol NOUN issue-53 330 7 . . PROPN issue-53 330 8 25 25 NUM issue-53 330 9 , , PUNCT issue-53 330 10 p. p. NOUN issue-53 330 11 40–60 40–60 PROPN issue-53 330 12 . . PUNCT issue-53 331 1 desai desai PROPN issue-53 331 2 , , PUNCT issue-53 331 3 m.a m.a PROPN issue-53 331 4 . . PROPN issue-53 331 5 , , PUNCT issue-53 331 6 foley foley PROPN issue-53 331 7 , , PUNCT issue-53 331 8 c.f c.f PROPN issue-53 331 9 . . PROPN issue-53 331 10 , , PUNCT issue-53 331 11 hines hines PROPN issue-53 331 12 , , PUNCT issue-53 331 13 j.r j.r PROPN issue-53 331 14 . . PROPN issue-53 331 15 ,jr ,jr PROPN issue-53 331 16 . . PUNCT issue-53 332 1 ( ( PUNCT issue-53 332 2 2004 2004 NUM issue-53 332 3 ) ) PUNCT issue-53 332 4 . . PUNCT issue-53 333 1 a a DET issue-53 333 2 multinational multinational ADJ issue-53 333 3 perspective perspective NOUN issue-53 333 4 on on ADP issue-53 333 5 capital capital NOUN issue-53 333 6 structure structure NOUN issue-53 333 7 choice choice NOUN issue-53 333 8 and and CCONJ issue-53 333 9 internal internal ADJ issue-53 333 10 capital capital NOUN issue-53 333 11 markets market NOUN issue-53 333 12 . . PUNCT issue-53 334 1 the the DET issue-53 334 2 journal journal NOUN issue-53 334 3 of of ADP issue-53 334 4 finance finance NOUN issue-53 334 5 , , PUNCT issue-53 334 6 vol vol NOUN issue-53 334 7 . . PROPN issue-53 334 8 59 59 NUM issue-53 334 9 , , PUNCT issue-53 334 10 issue issue NOUN issue-53 334 11 6 6 NUM issue-53 334 12 , , PUNCT issue-53 334 13 p. p. NOUN issue-53 334 14 2451–2487 2451–2487 NUM issue-53 334 15 . . PUNCT issue-53 335 1 djankov djankov PROPN issue-53 335 2 , , PUNCT issue-53 335 3 s. s. PROPN issue-53 335 4 , , PUNCT issue-53 335 5 mcliesh mcliesh PROPN issue-53 335 6 , , PUNCT issue-53 335 7 c. c. PROPN issue-53 335 8 , , PUNCT issue-53 335 9 shleifer shleifer VERB issue-53 335 10 , , PUNCT issue-53 335 11 a. a. NOUN issue-53 335 12 ( ( PUNCT issue-53 335 13 2007 2007 NUM issue-53 335 14 ) ) PUNCT issue-53 335 15 . . PUNCT issue-53 336 1 private private ADJ issue-53 336 2 credit credit NOUN issue-53 336 3 in in ADP issue-53 336 4 129 129 NUM issue-53 336 5 countries country NOUN issue-53 336 6 . . PUNCT issue-53 337 1 journal journal NOUN issue-53 337 2 of of ADP issue-53 337 3 financial financial ADJ issue-53 337 4 economics economic NOUN issue-53 337 5 , , PUNCT issue-53 337 6 vol vol NOUN issue-53 337 7 . . PROPN issue-53 337 8 84 84 NUM issue-53 337 9 , , PUNCT issue-53 337 10 issue issue NOUN issue-53 337 11 2 2 NUM issue-53 337 12 , , PUNCT issue-53 337 13 p. p. NOUN issue-53 337 14 299–329 299–329 NUM issue-53 337 15 . . PUNCT issue-53 338 1 doukas doukas NOUN issue-53 338 2 , , PUNCT issue-53 338 3 j.a j.a PROPN issue-53 338 4 . . PROPN issue-53 338 5 , , PUNCT issue-53 338 6 pantzalis pantzalis PROPN issue-53 338 7 , , PUNCT issue-53 338 8 c. c. PROPN issue-53 338 9 ( ( PUNCT issue-53 338 10 2003 2003 NUM issue-53 338 11 ) ) PUNCT issue-53 338 12 . . PUNCT issue-53 339 1 geographic geographic ADJ issue-53 339 2 diversification diversification NOUN issue-53 339 3 and and CCONJ issue-53 339 4 agency agency NOUN issue-53 339 5 costs cost NOUN issue-53 339 6 of of ADP issue-53 339 7 debt debt NOUN issue-53 339 8 of of ADP issue-53 339 9 multinational multinational ADJ issue-53 339 10 firms firm NOUN issue-53 339 11 . . PUNCT issue-53 340 1 journal journal NOUN issue-53 340 2 of of ADP issue-53 340 3 corporate corporate ADJ issue-53 340 4 finance finance NOUN issue-53 340 5 , , PUNCT issue-53 340 6 vol vol NOUN issue-53 340 7 . . PROPN issue-53 340 8 9 9 NUM issue-53 340 9 , , PUNCT issue-53 340 10 issue issue NOUN issue-53 340 11 1 1 NUM issue-53 340 12 , , PUNCT issue-53 340 13 p. p. NOUN issue-53 340 14 59–92 59–92 NUM issue-53 340 15 . . PUNCT issue-53 341 1 giannetti giannetti NOUN issue-53 341 2 , , PUNCT issue-53 341 3 m. m. NOUN issue-53 341 4 ( ( PUNCT issue-53 341 5 2003 2003 NUM issue-53 341 6 ) ) PUNCT issue-53 341 7 . . PUNCT issue-53 342 1 do do AUX issue-53 342 2 better well ADJ issue-53 342 3 institutions institution NOUN issue-53 342 4 mitigate mitigate VERB issue-53 342 5 agency agency NOUN issue-53 342 6 problems problem NOUN issue-53 342 7 ? ? PUNCT issue-53 343 1 evidence evidence NOUN issue-53 343 2 from from ADP issue-53 343 3 corporate corporate ADJ issue-53 343 4 finance finance NOUN issue-53 343 5 choices choice NOUN issue-53 343 6 . . PUNCT issue-53 344 1 journal journal NOUN issue-53 344 2 of of ADP issue-53 344 3 financial financial ADJ issue-53 344 4 and and CCONJ issue-53 344 5 quantitative quantitative ADJ issue-53 344 6 analysis analysis NOUN issue-53 344 7 , , PUNCT issue-53 344 8 vol vol NOUN issue-53 344 9 . . PROPN issue-53 344 10 38 38 NUM issue-53 344 11 , , PUNCT issue-53 344 12 issue issue NOUN issue-53 344 13 1 1 NUM issue-53 344 14 , , PUNCT issue-53 344 15 p. p. NOUN issue-53 344 16 185–212 185–212 NUM issue-53 344 17 . . PUNCT issue-53 345 1 hart hart PROPN issue-53 345 2 , , PUNCT issue-53 345 3 o. o. PROPN issue-53 345 4 , , PUNCT issue-53 345 5 moore moore PROPN issue-53 345 6 , , PUNCT issue-53 345 7 j. j. PROPN issue-53 345 8 ( ( PUNCT issue-53 345 9 1994 1994 NUM issue-53 345 10 ) ) PUNCT issue-53 345 11 . . PUNCT issue-53 346 1 a a DET issue-53 346 2 theory theory NOUN issue-53 346 3 of of ADP issue-53 346 4 debt debt NOUN issue-53 346 5 based base VERB issue-53 346 6 on on ADP issue-53 346 7 the the DET issue-53 346 8 inalienability inalienability NOUN issue-53 346 9 of of ADP issue-53 346 10 human human ADJ issue-53 346 11 capital capital NOUN issue-53 346 12 . . PUNCT issue-53 347 1 the the DET issue-53 347 2 quarterly quarterly ADJ issue-53 347 3 journal journal NOUN issue-53 347 4 of of ADP issue-53 347 5 economics economic NOUN issue-53 347 6 , , PUNCT issue-53 347 7 vol vol NOUN issue-53 347 8 . . PROPN issue-53 347 9 109 109 NUM issue-53 347 10 , , PUNCT issue-53 347 11 issue issue NOUN issue-53 347 12 4 4 NUM issue-53 347 13 , , PUNCT issue-53 347 14 p. p. NOUN issue-53 347 15 841–879 841–879 NUM issue-53 347 16 . . PUNCT issue-53 348 1 jensen jensen PROPN issue-53 348 2 , , PUNCT issue-53 348 3 m.c m.c PROPN issue-53 348 4 . . PROPN issue-53 348 5 , , PUNCT issue-53 348 6 meckling meckle VERB issue-53 348 7 w.h w.h PROPN issue-53 348 8 . . PROPN issue-53 348 9 ( ( PUNCT issue-53 348 10 1976 1976 NUM issue-53 348 11 ) ) PUNCT issue-53 348 12 . . PUNCT issue-53 349 1 theory theory NOUN issue-53 349 2 of of ADP issue-53 349 3 the the DET issue-53 349 4 firm firm NOUN issue-53 349 5 : : PUNCT issue-53 349 6 managerial managerial ADJ issue-53 349 7 behavior behavior NOUN issue-53 349 8 , , PUNCT issue-53 349 9 agency agency NOUN issue-53 349 10 costs cost NOUN issue-53 349 11 and and CCONJ issue-53 349 12 ownership ownership NOUN issue-53 349 13 structure structure NOUN issue-53 349 14 . . PUNCT issue-53 350 1 the the DET issue-53 350 2 journal journal NOUN issue-53 350 3 of of ADP issue-53 350 4 financial financial ADJ issue-53 350 5 economics economic NOUN issue-53 350 6 , , PUNCT issue-53 350 7 vol vol NOUN issue-53 350 8 . . PROPN issue-53 350 9 3 3 NUM issue-53 350 10 , , PUNCT issue-53 350 11 issue issue NOUN issue-53 350 12 4 4 NUM issue-53 350 13 , , PUNCT issue-53 350 14 p. p. NOUN issue-53 350 15 305–360 305–360 NUM issue-53 350 16 . . PUNCT issue-53 351 1 jõeveer jõeveer NOUN issue-53 351 2 , , PUNCT issue-53 351 3 k. k. PROPN issue-53 351 4 ( ( PUNCT issue-53 351 5 2013 2013 NUM issue-53 351 6 ) ) PUNCT issue-53 351 7 . . PUNCT issue-53 352 1 firm firm ADJ issue-53 352 2 , , PUNCT issue-53 352 3 country country NOUN issue-53 352 4 and and CCONJ issue-53 352 5 macroeconomic macroeconomic ADJ issue-53 352 6 determinants determinant NOUN issue-53 352 7 of of ADP issue-53 352 8 capital capital NOUN issue-53 352 9 structure structure NOUN issue-53 352 10 : : PUNCT issue-53 352 11 evidence evidence NOUN issue-53 352 12 from from ADP issue-53 352 13 transition transition NOUN issue-53 352 14 economies economy NOUN issue-53 352 15 . . PUNCT issue-53 353 1 journal journal NOUN issue-53 353 2 of of ADP issue-53 353 3 comparative comparative ADJ issue-53 353 4 economics economic NOUN issue-53 353 5 , , PUNCT issue-53 353 6 vol vol NOUN issue-53 353 7 . . PROPN issue-53 353 8 41 41 NUM issue-53 353 9 , , PUNCT issue-53 353 10 issue issue NOUN issue-53 353 11 1 1 NUM issue-53 353 12 , , PUNCT issue-53 353 13 p. p. NOUN issue-53 353 14 294–308 294–308 NUM issue-53 353 15 . . PUNCT issue-53 354 1 kesternich kesternich PROPN issue-53 354 2 , , PUNCT issue-53 354 3 i. i. PROPN issue-53 354 4 , , PUNCT issue-53 354 5 schnitzer schnitzer NOUN issue-53 354 6 , , PUNCT issue-53 354 7 m. m. NOUN issue-53 354 8 ( ( PUNCT issue-53 354 9 2010 2010 NUM issue-53 354 10 ) ) PUNCT issue-53 354 11 . . PUNCT issue-53 355 1 who who PRON issue-53 355 2 is be AUX issue-53 355 3 afraid afraid ADJ issue-53 355 4 of of ADP issue-53 355 5 political political ADJ issue-53 355 6 risk risk NOUN issue-53 355 7 ? ? PUNCT issue-53 356 1 multinational multinational ADJ issue-53 356 2 firms firm NOUN issue-53 356 3 and and CCONJ issue-53 356 4 their their PRON issue-53 356 5 choice choice NOUN issue-53 356 6 of of ADP issue-53 356 7 capital capital NOUN issue-53 356 8 structure structure NOUN issue-53 356 9 . . PUNCT issue-53 357 1 journal journal PROPN issue-53 357 2 of of ADP issue-53 357 3 international international ADJ issue-53 357 4 economics economic NOUN issue-53 357 5 , , PUNCT issue-53 357 6 vol vol NOUN issue-53 357 7 . . PROPN issue-53 357 8 82 82 NUM issue-53 357 9 , , PUNCT issue-53 357 10 issue issue NOUN issue-53 357 11 2 2 NUM issue-53 357 12 , , PUNCT issue-53 357 13 p. p. NOUN issue-53 357 14 208–218 208–218 NUM issue-53 357 15 . . PUNCT issue-53 358 1 kraus kraus PROPN issue-53 358 2 , , PUNCT issue-53 358 3 a. a. PROPN issue-53 358 4 , , PUNCT issue-53 358 5 litzenberger litzenberger NOUN issue-53 358 6 , , PUNCT issue-53 358 7 r. r. PROPN issue-53 358 8 ( ( PUNCT issue-53 358 9 1973 1973 NUM issue-53 358 10 ) ) PUNCT issue-53 358 11 . . PUNCT issue-53 359 1 a a DET issue-53 359 2 state state NOUN issue-53 359 3 - - PUNCT issue-53 359 4 preference preference NOUN issue-53 359 5 model model NOUN issue-53 359 6 of of ADP issue-53 359 7 optimal optimal ADJ issue-53 359 8 financial financial ADJ issue-53 359 9 leverage leverage NOUN issue-53 359 10 . . PUNCT issue-53 360 1 the the DET issue-53 360 2 journal journal NOUN issue-53 360 3 of of ADP issue-53 360 4 finance finance NOUN issue-53 360 5 , , PUNCT issue-53 360 6 vol vol NOUN issue-53 360 7 . . PROPN issue-53 360 8 28 28 NUM issue-53 360 9 , , PUNCT issue-53 360 10 issue issue NOUN issue-53 360 11 4 4 NUM issue-53 360 12 , , PUNCT issue-53 360 13 p. p. NOUN issue-53 360 14 911–922 911–922 NUM issue-53 360 15 . . PUNCT issue-53 361 1 la la PROPN issue-53 361 2 porta porta PROPN issue-53 361 3 , , PUNCT issue-53 361 4 r. r. PROPN issue-53 361 5 , , PUNCT issue-53 361 6 lopez lopez NOUN issue-53 361 7 - - PUNCT issue-53 361 8 de de NOUN issue-53 361 9 - - NOUN issue-53 361 10 silanes silanes PROPN issue-53 361 11 , , PUNCT issue-53 361 12 f. f. PROPN issue-53 361 13 , , PUNCT issue-53 361 14 shleifer shleifer PROPN issue-53 361 15 a. a. PROPN issue-53 361 16 , , PUNCT issue-53 361 17 vishny vishny PROPN issue-53 361 18 r. r. PROPN issue-53 361 19 ( ( PUNCT issue-53 361 20 1998 1998 NUM issue-53 361 21 ) ) PUNCT issue-53 361 22 . . PUNCT issue-53 362 1 law law NOUN issue-53 362 2 and and CCONJ issue-53 362 3 finance finance NOUN issue-53 362 4 . . PUNCT issue-53 363 1 the the DET issue-53 363 2 journal journal NOUN issue-53 363 3 of of ADP issue-53 363 4 political political ADJ issue-53 363 5 economy economy NOUN issue-53 363 6 , , PUNCT issue-53 363 7 vol vol NOUN issue-53 363 8 . . PROPN issue-53 363 9 106 106 NUM issue-53 363 10 , , PUNCT issue-53 363 11 issue issue NOUN issue-53 363 12 6 6 NUM issue-53 363 13 , , PUNCT issue-53 363 14 p. p. NOUN issue-53 363 15 1113–1155 1113–1155 NUM issue-53 363 16 . . PUNCT issue-53 364 1 lee lee PROPN issue-53 364 2 , , PUNCT issue-53 364 3 k.c k.c PROPN issue-53 364 4 . . PROPN issue-53 364 5 , , PUNCT issue-53 364 6 kwok kwok PROPN issue-53 364 7 , , PUNCT issue-53 364 8 c.c c.c PROPN issue-53 364 9 . . PROPN issue-53 364 10 ( ( PUNCT issue-53 364 11 1988 1988 NUM issue-53 364 12 ) ) PUNCT issue-53 364 13 . . PUNCT issue-53 365 1 multinational multinational ADJ issue-53 365 2 corporations corporation NOUN issue-53 365 3 vs. vs. ADP issue-53 365 4 domestic domestic ADJ issue-53 365 5 corporations corporation NOUN issue-53 365 6 : : PUNCT issue-53 365 7 international international ADJ issue-53 365 8 environmental environmental ADJ issue-53 365 9 factors factor NOUN issue-53 365 10 and and CCONJ issue-53 365 11 determinants determinant NOUN issue-53 365 12 of of ADP issue-53 365 13 capital capital NOUN issue-53 365 14 structure structure NOUN issue-53 365 15 . . PUNCT issue-53 366 1 journal journal PROPN issue-53 366 2 of of ADP issue-53 366 3 international international ADJ issue-53 366 4 business business NOUN issue-53 366 5 studies study NOUN issue-53 366 6 , , PUNCT issue-53 366 7 vol vol NOUN issue-53 366 8 . . PROPN issue-53 366 9 19 19 NUM issue-53 366 10 , , PUNCT issue-53 366 11 issue issue NOUN issue-53 366 12 2 2 NUM issue-53 366 13 , , PUNCT issue-53 366 14 p. p. NOUN issue-53 366 15 195–217 195–217 NUM issue-53 366 16 . . PUNCT issue-53 367 1 malmendier malmendier NOUN issue-53 367 2 , , PUNCT issue-53 367 3 u. u. PROPN issue-53 367 4 , , PUNCT issue-53 367 5 tate tate PROPN issue-53 367 6 , , PUNCT issue-53 367 7 g. g. PROPN issue-53 367 8 , , PUNCT issue-53 367 9 yan yan PROPN issue-53 367 10 , , PUNCT issue-53 367 11 j. j. PROPN issue-53 367 12 ( ( PUNCT issue-53 367 13 2011 2011 NUM issue-53 367 14 ) ) PUNCT issue-53 367 15 . . PUNCT issue-53 368 1 overconfidence overconfidence NOUN issue-53 368 2 and and CCONJ issue-53 368 3 early early ADJ issue-53 368 4 - - PUNCT issue-53 368 5 life life NOUN issue-53 368 6 experiences experience NOUN issue-53 368 7 : : PUNCT issue-53 368 8 the the DET issue-53 368 9 effect effect NOUN issue-53 368 10 of of ADP issue-53 368 11 managerial managerial ADJ issue-53 368 12 traits trait NOUN issue-53 368 13 on on ADP issue-53 368 14 corporate corporate ADJ issue-53 368 15 financial financial ADJ issue-53 368 16 policies policy NOUN issue-53 368 17 . . PUNCT issue-53 369 1 the the DET issue-53 369 2 journal journal NOUN issue-53 369 3 of of ADP issue-53 369 4 finance finance NOUN issue-53 369 5 , , PUNCT issue-53 369 6 vol vol NOUN issue-53 369 7 . . PROPN issue-53 369 8 66 66 NUM issue-53 369 9 , , PUNCT issue-53 369 10 issue issue NOUN issue-53 369 11 5 5 NUM issue-53 369 12 , , PUNCT issue-53 369 13 p. p. NOUN issue-53 369 14 1687–1733 1687–1733 NUM issue-53 369 15 . . PUNCT issue-53 370 1 miller miller PROPN issue-53 370 2 , , PUNCT issue-53 370 3 m. m. NOUN issue-53 370 4 ( ( PUNCT issue-53 370 5 1977 1977 NUM issue-53 370 6 ) ) PUNCT issue-53 370 7 . . PUNCT issue-53 371 1 debt debt NOUN issue-53 371 2 and and CCONJ issue-53 371 3 taxes taxis NOUN issue-53 371 4 . . PUNCT issue-53 372 1 the the DET issue-53 372 2 journal journal NOUN issue-53 372 3 of of ADP issue-53 372 4 finance finance NOUN issue-53 372 5 , , PUNCT issue-53 372 6 vol vol NOUN issue-53 372 7 . . PROPN issue-53 372 8 32 32 NUM issue-53 372 9 , , PUNCT issue-53 372 10 issue issue NOUN issue-53 372 11 2 2 NUM issue-53 372 12 , , PUNCT issue-53 372 13 p. p. NOUN issue-53 372 14 261–275 261–275 NUM issue-53 372 15 . . PUNCT issue-53 373 1 mishra mishra PROPN issue-53 373 2 , , PUNCT issue-53 373 3 d. d. PROPN issue-53 373 4 , , PUNCT issue-53 373 5 tannous tannous ADJ issue-53 373 6 g. g. PROPN issue-53 373 7 ( ( PUNCT issue-53 373 8 2010 2010 NUM issue-53 373 9 ) ) PUNCT issue-53 373 10 . . PUNCT issue-53 374 1 securities security NOUN issue-53 374 2 laws law NOUN issue-53 374 3 in in ADP issue-53 374 4 the the DET issue-53 374 5 host host NOUN issue-53 374 6 countries country NOUN issue-53 374 7 and and CCONJ issue-53 374 8 the the DET issue-53 374 9 capital capital NOUN issue-53 374 10 structure structure NOUN issue-53 374 11 of of ADP issue-53 374 12 us us PROPN issue-53 374 13 multinationals multinational NOUN issue-53 374 14 . . PUNCT issue-53 375 1 international international ADJ issue-53 375 2 review review NOUN issue-53 375 3 of of ADP issue-53 375 4 economics economic NOUN issue-53 375 5 and and CCONJ issue-53 375 6 finance finance NOUN issue-53 375 7 , , PUNCT issue-53 375 8 vol vol NOUN issue-53 375 9 . . PROPN issue-53 375 10 19 19 NUM issue-53 375 11 , , PUNCT issue-53 375 12 issue issue NOUN issue-53 375 13 3 3 NUM issue-53 375 14 , , PUNCT issue-53 375 15 p. p. NOUN issue-53 375 16 483–500 483–500 NUM issue-53 375 17 . . PUNCT issue-53 376 1 modigliani modigliani PROPN issue-53 376 2 , , PUNCT issue-53 376 3 f. f. PROPN issue-53 376 4 , , PUNCT issue-53 376 5 miller miller PROPN issue-53 376 6 , , PUNCT issue-53 376 7 m. m. NOUN issue-53 376 8 ( ( PUNCT issue-53 376 9 1958 1958 NUM issue-53 376 10 ) ) PUNCT issue-53 376 11 . . PUNCT issue-53 377 1 the the DET issue-53 377 2 cost cost NOUN issue-53 377 3 of of ADP issue-53 377 4 capital capital NOUN issue-53 377 5 , , PUNCT issue-53 377 6 corporation corporation NOUN issue-53 377 7 finance finance NOUN issue-53 377 8 and and CCONJ issue-53 377 9 the the DET issue-53 377 10 theory theory NOUN issue-53 377 11 of of ADP issue-53 377 12 investment investment NOUN issue-53 377 13 . . PUNCT issue-53 378 1 the the DET issue-53 378 2 american american PROPN issue-53 378 3 economic economic PROPN issue-53 378 4 review review PROPN issue-53 378 5 , , PUNCT issue-53 378 6 vol vol NOUN issue-53 378 7 . . PROPN issue-53 378 8 48 48 NUM issue-53 378 9 , , PUNCT issue-53 378 10 issue issue NOUN issue-53 378 11 2 2 NUM issue-53 378 12 , , PUNCT issue-53 378 13 p. p. NOUN issue-53 378 14 261–297 261–297 NUM issue-53 378 15 . . PUNCT issue-53 379 1 mokhova mokhova PROPN issue-53 379 2 , , PUNCT issue-53 379 3 n. n. NOUN issue-53 379 4 , , PUNCT issue-53 379 5 zinecker zinecker NOUN issue-53 379 6 , , PUNCT issue-53 379 7 m. m. NOUN issue-53 379 8 ( ( PUNCT issue-53 379 9 2014 2014 NUM issue-53 379 10 ) ) PUNCT issue-53 379 11 . . PUNCT issue-53 380 1 macroeconomic macroeconomic ADJ issue-53 380 2 factors factor NOUN issue-53 380 3 and and CCONJ issue-53 380 4 corporate corporate ADJ issue-53 380 5 capital capital NOUN issue-53 380 6 structure structure NOUN issue-53 380 7 . . PUNCT issue-53 381 1 procedia procedia NOUN issue-53 381 2 – – PUNCT issue-53 381 3 social social ADJ issue-53 381 4 and and CCONJ issue-53 381 5 behavioral behavioral ADJ issue-53 381 6 sciences science NOUN issue-53 381 7 , , PUNCT issue-53 381 8 vol vol NOUN issue-53 381 9 . . PROPN issue-53 381 10 110 110 NUM issue-53 381 11 , , PUNCT issue-53 381 12 p. p. NOUN issue-53 381 13 530–540 530–540 NUM issue-53 381 14 . . PUNCT issue-53 382 1 myers myers PROPN issue-53 382 2 , , PUNCT issue-53 382 3 s.c s.c PROPN issue-53 382 4 . . PROPN issue-53 382 5 , , PUNCT issue-53 382 6 majluf majluf PROPN issue-53 382 7 n.s n.s PROPN issue-53 382 8 . . PROPN issue-53 383 1 ( ( PUNCT issue-53 383 2 1984 1984 NUM issue-53 383 3 ) ) PUNCT issue-53 383 4 . . PUNCT issue-53 384 1 corporate corporate ADJ issue-53 384 2 financing financing NOUN issue-53 384 3 and and CCONJ issue-53 384 4 investment investment NOUN issue-53 384 5 decisions decision NOUN issue-53 384 6 when when SCONJ issue-53 384 7 firms firm NOUN issue-53 384 8 have have VERB issue-53 384 9 information information NOUN issue-53 384 10 that that SCONJ issue-53 384 11 investors investor NOUN issue-53 384 12 do do AUX issue-53 384 13 not not PART issue-53 384 14 have have VERB issue-53 384 15 . . PUNCT issue-53 385 1 the the DET issue-53 385 2 journal journal NOUN issue-53 385 3 of of ADP issue-53 385 4 financial financial ADJ issue-53 385 5 economics economic NOUN issue-53 385 6 , , PUNCT issue-53 385 7 vol vol NOUN issue-53 385 8 . . PROPN issue-53 385 9 13 13 NUM issue-53 385 10 , , PUNCT issue-53 385 11 issue issue NOUN issue-53 385 12 3 3 NUM issue-53 385 13 , , PUNCT issue-53 385 14 p. p. NOUN issue-53 385 15 187–221 187–221 NUM issue-53 385 16 . . PUNCT issue-53 386 1 park park NOUN issue-53 386 2 , , PUNCT issue-53 386 3 s.h s.h PROPN issue-53 386 4 . . PROPN issue-53 386 5 , , PUNCT issue-53 386 6 suh suh PROPN issue-53 386 7 , , PUNCT issue-53 386 8 j. j. PROPN issue-53 386 9 , , PUNCT issue-53 386 10 yeung yeung PROPN issue-53 386 11 , , PUNCT issue-53 386 12 b. b. PROPN issue-53 386 13 ( ( PUNCT issue-53 386 14 2013 2013 NUM issue-53 386 15 ) ) PUNCT issue-53 386 16 . . PUNCT issue-53 387 1 do do AUX issue-53 387 2 multinational multinational ADJ issue-53 387 3 and and CCONJ issue-53 387 4 domestic domestic ADJ issue-53 387 5 corporations corporation NOUN issue-53 387 6 differ differ VERB issue-53 387 7 in in ADP issue-53 387 8 their their PRON issue-53 387 9 leverage leverage NOUN issue-53 387 10 policies policy NOUN issue-53 387 11 ? ? PUNCT issue-53 388 1 journal journal NOUN issue-53 388 2 of of ADP issue-53 388 3 corporate corporate ADJ issue-53 388 4 finance finance NOUN issue-53 388 5 , , PUNCT issue-53 388 6 vol vol NOUN issue-53 388 7 . . PROPN issue-53 388 8 20 20 NUM issue-53 388 9 , , PUNCT issue-53 388 10 p. p. NOUN issue-53 388 11 115–139 115–139 NUM issue-53 388 12 . . PUNCT issue-53 389 1 rogach rogach NOUN issue-53 389 2 , , PUNCT issue-53 389 3 o.i o.i PROPN issue-53 389 4 . . PUNCT issue-53 389 5 ( ( PUNCT issue-53 389 6 2005 2005 NUM issue-53 389 7 ) ) PUNCT issue-53 389 8 . . PUNCT issue-53 390 1 transnatsionalni transnatsionalni PROPN issue-53 390 2 korporatsii korporatsii PROPN issue-53 390 3 v v NUM issue-53 390 4 svitoviy svitoviy ADJ issue-53 391 1 ekonomitsi ekonomitsi PROPN issue-53 391 2 : : PUNCT issue-53 391 3 monographiya monographiya PROPN issue-53 391 4 . . PUNCT issue-53 392 1 kyiv kyiv ADJ issue-53 392 2 : : PUNCT issue-53 392 3 vydavnychopoligraphichniy vydavnychopoligraphichniy ADJ issue-53 392 4 tsentr tsentr NOUN issue-53 392 5 « « PUNCT issue-53 392 6 kyyivskiy kyyivskiy NOUN issue-53 392 7 universytet»:176 universytet»:176 PROPN issue-53 392 8 . . PUNCT issue-53 393 1 ross ross PROPN issue-53 393 2 , , PUNCT issue-53 393 3 s.a s.a PROPN issue-53 393 4 . . PROPN issue-53 393 5 ( ( PUNCT issue-53 393 6 1977 1977 NUM issue-53 393 7 ) ) PUNCT issue-53 393 8 . . PUNCT issue-53 394 1 the the DET issue-53 394 2 determination determination NOUN issue-53 394 3 of of ADP issue-53 394 4 financial financial ADJ issue-53 394 5 structure structure NOUN issue-53 394 6 : : PUNCT issue-53 394 7 the the DET issue-53 394 8 incentive incentive NOUN issue-53 394 9 - - PUNCT issue-53 394 10 signaling signal VERB issue-53 394 11 approach approach NOUN issue-53 394 12 . . PUNCT issue-53 395 1 the the DET issue-53 395 2 bell bell PROPN issue-53 395 3 journal journal PROPN issue-53 395 4 of of ADP issue-53 395 5 economics economic NOUN issue-53 395 6 , , PUNCT issue-53 395 7 vol vol NOUN issue-53 395 8 . . NOUN issue-53 395 9 8 8 NUM issue-53 395 10 , , PUNCT issue-53 395 11 issue issue NOUN issue-53 395 12 1 1 NUM issue-53 395 13 , , PUNCT issue-53 395 14 p. p. NOUN issue-53 395 15 23–40 23–40 NUM issue-53 395 16 . . PUNCT issue-53 396 1 solomon solomon PROPN issue-53 396 2 e. e. PROPN issue-53 397 1 the the DET issue-53 397 2 theory theory NOUN issue-53 397 3 of of ADP issue-53 397 4 financial financial ADJ issue-53 397 5 management management NOUN issue-53 397 6 – – PUNCT issue-53 397 7 new new PROPN issue-53 397 8 york york PROPN issue-53 397 9 , , PUNCT issue-53 397 10 columbia columbia PROPN issue-53 397 11 university university PROPN issue-53 397 12 press press NOUN issue-53 397 13 , , PUNCT issue-53 397 14 170 170 NUM issue-53 397 15 p. p. PROPN issue-53 397 16 weston weston PROPN issue-53 397 17 , , PUNCT issue-53 397 18 j.f j.f PROPN issue-53 397 19 . . PROPN issue-53 397 20 ( ( PUNCT issue-53 397 21 1963 1963 NUM issue-53 397 22 ) ) PUNCT issue-53 397 23 . . PUNCT issue-53 398 1 a a DET issue-53 398 2 test test NOUN issue-53 398 3 of of ADP issue-53 398 4 cost cost NOUN issue-53 398 5 of of ADP issue-53 398 6 capital capital NOUN issue-53 398 7 propositions proposition NOUN issue-53 398 8 . . PUNCT issue-53 399 1 southern southern ADJ issue-53 399 2 economic economic ADJ issue-53 399 3 journal journal NOUN issue-53 399 4 , , PUNCT issue-53 399 5 vol vol NOUN issue-53 399 6 . . PROPN issue-53 399 7 30 30 NUM issue-53 399 8 , , PUNCT issue-53 399 9 issue issue NOUN issue-53 399 10 1 1 NUM issue-53 399 11 , , PUNCT issue-53 399 12 p. p. NOUN issue-53 399 13 105–112 105–112 NUM issue-53 399 14 . . PUNCT issue-53 400 1 baltic baltic PROPN issue-53 400 2 journal journal PROPN issue-53 400 3 of of ADP issue-53 400 4 economic economic ADJ issue-53 400 5 studies study NOUN issue-53 400 6 162 162 NUM issue-53 400 7 vol vol NOUN issue-53 400 8 . . PROPN issue-53 401 1 1 1 NUM issue-53 401 2 , , PUNCT issue-53 401 3 no no INTJ issue-53 401 4 . . NOUN issue-53 401 5 2 2 NUM issue-53 401 6 , , PUNCT issue-53 401 7 2015 2015 NUM issue-53 401 8 сергей сергей NOUN issue-53 401 9 цыганов цыганов NOUN issue-53 401 10 , , PUNCT issue-53 401 11 ольга ольга VERB issue-53 401 12 залиско залиско ADJ issue-53 401 13 факторы факторы NOUN issue-53 401 14 структуры структуры ADJ issue-53 401 15 капитала капитала VERB issue-53 401 16 тнк тнк NOUN issue-53 401 17 : : PUNCT issue-53 401 18 сравнительный сравнительный NOUN issue-53 401 19 анализ анализ PROPN issue-53 401 20 в в PROPN issue-53 401 21 контексте контексте PROPN issue-53 401 22 спроса спроса PROPN issue-53 401 23 и и PROPN issue-53 401 24 предложения предложения VERB issue-53 401 25 финансовых финансовых ADJ issue-53 401 26 ресурсов ресурсов PROPN issue-53 401 27 аннотация аннотация NOUN issue-53 401 28 . . PUNCT issue-53 402 1 в в PROPN issue-53 402 2 данной данной PROPN issue-53 402 3 статье статье PROPN issue-53 402 4 рассматривается рассматривается VERB issue-53 402 5 структура структура PROPN issue-53 402 6 капитала капитала VERB issue-53 402 7 транснациональных транснациональных PROPN issue-53 402 8 компаний компаний PROPN issue-53 402 9 . . PUNCT issue-53 403 1 основным основным PROPN issue-53 403 2 предметом предметом PROPN issue-53 403 3 её её INTJ issue-53 403 4 внимания внимания PROPN issue-53 403 5 являются являются ADJ issue-53 403 6 факторы факторы NOUN issue-53 403 7 структуры структуры NOUN issue-53 403 8 капитала капитала VERB issue-53 403 9 , , PUNCT issue-53 403 10 характерные характерные NOUN issue-53 403 11 именно именно PROPN issue-53 403 12 для для PROPN issue-53 403 13 тнк тнк PROPN issue-53 403 14 , , PUNCT issue-53 403 15 а а PROPN issue-53 403 16 не не PROPN issue-53 403 17 для для PROPN issue-53 403 18 национальных национальных PROPN issue-53 403 19 корпораций корпораций PROPN issue-53 403 20 . . PUNCT issue-53 404 1 значительная значительная PROPN issue-53 404 2 часть часть NOUN issue-53 404 3 научной научной VERB issue-53 404 4 литературы литературы ADJ issue-53 404 5 посвящена посвящена NOUN issue-53 405 1 анализу анализу ADP issue-53 405 2 корпоративных корпоративных PROPN issue-53 405 3 и и PROPN issue-53 405 4 страновых страновых VERB issue-53 405 5 факторов факторов ADJ issue-53 405 6 структуры структуры NOUN issue-53 405 7 капитала капитала VERB issue-53 405 8 , , PUNCT issue-53 405 9 причём причём NOUN issue-53 405 10 большая большая NOUN issue-53 405 11 часть часть NOUN issue-53 405 12 работ работ NOUN issue-53 405 13 посвящена посвящена VERB issue-53 405 14 национальным национальным PROPN issue-53 405 15 корпорациям корпорациям PROPN issue-53 405 16 . . PUNCT issue-53 406 1 основной основной PROPN issue-53 406 2 целью целью PROPN issue-53 406 3 нашей нашей PROPN issue-53 406 4 работы работы PROPN issue-53 406 5 является является VERB issue-53 406 6 выявление выявление PROPN issue-53 406 7 среди среди NOUN issue-53 406 8 множества множества PROPN issue-53 406 9 факторов факторов PROPN issue-53 406 10 корпоративной корпоративной PROPN issue-53 406 11 структуры структуры ADJ issue-53 406 12 капитала капитала VERB issue-53 406 13 тех тех PROPN issue-53 406 14 , , PUNCT issue-53 406 15 которые которые ADP issue-53 406 16 являются являются ADJ issue-53 406 17 характерными характерными NOUN issue-53 406 18 для для PROPN issue-53 406 19 тнк тнк PROPN issue-53 406 20 , , PUNCT issue-53 406 21 и и PROPN issue-53 406 22 формирование формирование PROPN issue-53 406 23 нового нового NOUN issue-53 406 24 подхода подхода PROPN issue-53 406 25 к к ADP issue-53 406 26 анализу анализу PROPN issue-53 406 27 этих этих NOUN issue-53 406 28 факторов факторов ADV issue-53 406 29 – – PUNCT issue-53 406 30 на на PROPN issue-53 406 31 основании основании PROPN issue-53 406 32 анализа анализа AUX issue-53 406 33 спроса спроса PROPN issue-53 406 34 и и PROPN issue-53 406 35 предложения предложения VERB issue-53 406 36 финансовых финансовых ADJ issue-53 406 37 ресурсов ресурсов NOUN issue-53 406 38 . . PUNCT issue-53 407 1 среди среди NOUN issue-53 407 2 факторов факторов PROPN issue-53 407 3 корпоративной корпоративной PROPN issue-53 407 4 структуры структуры ADJ issue-53 407 5 капитала капитала VERB issue-53 407 6 некоторые некоторые NOUN issue-53 407 7 осуществляют осуществляют VERB issue-53 407 8 прямопропорциональное прямопропорциональное PROPN issue-53 407 9 влияние влияние PROPN issue-53 407 10 на на PROPN issue-53 407 11 уровень уровень PROPN issue-53 407 12 использования использования NOUN issue-53 407 13 заемных заемных NOUN issue-53 407 14 средств средств ADJ issue-53 407 15 , , PUNCT issue-53 407 16 а а PROPN issue-53 407 17 некоторые некоторые NOUN issue-53 407 18 – – PUNCT issue-53 407 19 обратнопропорциональное обратнопропорциональное NOUN issue-53 407 20 . . PUNCT issue-53 408 1 различные различные NOUN issue-53 408 2 теоретические теоретические PROPN issue-53 408 3 и и PROPN issue-53 408 4 эмпирические эмпирические NUM issue-53 408 5 исследования исследования NOUN issue-53 408 6 подтверждают подтверждают PROPN issue-53 408 7 разные разные PROPN issue-53 408 8 направления направления PROPN issue-53 408 9 такого такого PROPN issue-53 408 10 влияния влияния PROPN issue-53 408 11 . . PUNCT issue-53 409 1 методология методология PROPN issue-53 409 2 нашего нашего PROPN issue-53 409 3 исследования исследования PROPN issue-53 409 4 базируется базируется VERB issue-53 409 5 на на PROPN issue-53 409 6 анализе анализе ADJ issue-53 409 7 двух двух PROPN issue-53 409 8 главных главных PROPN issue-53 409 9 движущих движущих PROPN issue-53 409 10 сил сил PROPN issue-53 409 11 рынка рынка NOUN issue-53 409 12 – – PUNCT issue-53 409 13 спроса спроса ADP issue-53 409 14 и и PROPN issue-53 409 15 предложения предложения NOUN issue-53 409 16 . . PUNCT issue-53 410 1 их их PROPN issue-53 410 2 влияние влияние PROPN issue-53 410 3 на на PROPN issue-53 410 4 корпоративную корпоративную PROPN issue-53 410 5 структуру структуру PROPN issue-53 410 6 капитала капитала VERB issue-53 410 7 является является NOUN issue-53 410 8 первичным первичным VERB issue-53 410 9 , , PUNCT issue-53 410 10 и и PROPN issue-53 410 11 поэтому поэтому NOUN issue-53 410 12 предложенный предложенный NOUN issue-53 410 13 подход подход NOUN issue-53 410 14 , , PUNCT issue-53 410 15 на на PROPN issue-53 410 16 наш наш NOUN issue-53 410 17 взгляд взгляд NOUN issue-53 410 18 , , PUNCT issue-53 410 19 является является NOUN issue-53 410 20 теоретически теоретически NOUN issue-53 410 21 значимым значимым PROPN issue-53 410 22 и и PROPN issue-53 410 23 практически практически NOUN issue-53 410 24 важным важным PROPN issue-53 410 25 . . PUNCT issue-53 411 1 факторы факторы NOUN issue-53 411 2 спроса спроса ADV issue-53 411 3 предполагают предполагают ADJ issue-53 411 4 , , PUNCT issue-53 411 5 что что PROPN issue-53 411 6 корпорация корпорация PROPN issue-53 411 7 создаёт создаёт PROPN issue-53 411 8 спрос спрос PROPN issue-53 411 9 на на PROPN issue-53 411 10 финансовые финансовые PROPN issue-53 411 11 ресурсы ресурсы PROPN issue-53 411 12 , , PUNCT issue-53 411 13 а а PROPN issue-53 411 14 структура структура NOUN issue-53 411 15 её её NOUN issue-53 411 16 капитала капитала VERB issue-53 411 17 формируется формируется NOUN issue-53 411 18 на на PROPN issue-53 411 19 внутреннем внутреннем PROPN issue-53 411 20 уровне уровне NOUN issue-53 411 21 . . PUNCT issue-53 412 1 факторы факторы NOUN issue-53 412 2 предложения предложения PROPN issue-53 412 3 рассматривают рассматривают NOUN issue-53 412 4 структуру структуру PROPN issue-53 412 5 капитала капитала VERB issue-53 412 6 как как ADP issue-53 412 7 внешнюю внешнюю NOUN issue-53 412 8 субстанцию субстанцию NOUN issue-53 412 9 , , PUNCT issue-53 412 10 поскольку поскольку ADJ issue-53 412 11 она она NOUN issue-53 412 12 формируется формируется NOUN issue-53 412 13 под под VERB issue-53 412 14 влиянием влиянием PROPN issue-53 412 15 предложения предложения VERB issue-53 412 16 финансовых финансовых ADJ issue-53 412 17 ресурсов ресурсов NOUN issue-53 412 18 со со ADP issue-53 412 19 стороны стороны PROPN issue-53 412 20 внешних внешних PROPN issue-53 412 21 инвесторов инвесторов PROPN issue-53 412 22 . . PUNCT issue-53 413 1 на на PROPN issue-53 414 1 эмпирическом эмпирическом ADJ issue-53 414 2 уровне уровне NOUN issue-53 414 3 мы мы ADP issue-53 414 4 используем используем PROPN issue-53 414 5 первичные первичные PROPN issue-53 414 6 данные данные NOUN issue-53 414 7 финансовой финансовой NOUN issue-53 414 8 отчётности отчётности PROPN issue-53 414 9 тнк тнк NOUN issue-53 414 10 , , PUNCT issue-53 414 11 на на PROPN issue-53 414 12 основании основании PROPN issue-53 414 13 которых которых PROPN issue-53 414 14 анализируем анализируем VERB issue-53 414 15 уровень уровень PROPN issue-53 414 16 задолженности задолженности PROPN issue-53 415 1 тнк тнк NOUN issue-53 415 2 разных разных PROPN issue-53 415 3 стран стран PROPN issue-53 415 4 базирования базирования PROPN issue-53 415 5 и и PROPN issue-53 415 6 разных разных ADJ issue-53 415 7 отраслей отраслей NOUN issue-53 415 8 . . PUNCT issue-53 416 1 основные основные PROPN issue-53 416 2 результаты результаты PROPN issue-53 416 3 нашего нашего PROPN issue-53 416 4 исследования исследования NOUN issue-53 416 5 свидетельствуют свидетельствуют NOUN issue-53 416 6 , , PUNCT issue-53 416 7 что что NOUN issue-53 416 8 главными главными PROPN issue-53 416 9 факторами факторами VERB issue-53 416 10 структуры структуры ADJ issue-53 416 11 капитала капитала ADJ issue-53 416 12 тнк тнк NOUN issue-53 416 13 , , PUNCT issue-53 416 14 которые которые ADP issue-53 416 15 в в PROPN issue-53 416 16 гораздо гораздо PROPN issue-53 416 17 меньшей меньшей PROPN issue-53 416 18 степени степени PROPN issue-53 416 19 характерны характерны PROPN issue-53 416 20 для для PROPN issue-53 416 21 национальных национальных PROPN issue-53 416 22 корпораций корпораций PROPN issue-53 416 23 , , PUNCT issue-53 416 24 являются являются ADJ issue-53 416 25 такие такие PROPN issue-53 416 26 факторы факторы NOUN issue-53 416 27 спроса спроса PROPN issue-53 416 28 , , PUNCT issue-53 416 29 как как VERB issue-53 416 30 уровень уровень NOUN issue-53 416 31 транснациональности транснациональности NOUN issue-53 416 32 , , PUNCT issue-53 416 33 материальный материальный NOUN issue-53 416 34 характер характер NOUN issue-53 416 35 активов активов VERB issue-53 416 36 и и PROPN issue-53 416 37 политические политические PROPN issue-53 416 38 риски риски PROPN issue-53 416 39 . . PUNCT issue-53 417 1 первые первые PROPN issue-53 417 2 два два PROPN issue-53 417 3 являются являются PROPN issue-53 417 4 факторами факторами NOUN issue-53 417 5 корпоративного корпоративного VERB issue-53 417 6 уровня уровня NOUN issue-53 417 7 и и PROPN issue-53 417 8 могут могут NOUN issue-53 417 9 осуществлять осуществлять ADJ issue-53 417 10 как как PROPN issue-53 417 11 прямое прямое PROPN issue-53 417 12 , , PUNCT issue-53 417 13 так так PROPN issue-53 417 14 и и PROPN issue-53 417 15 непрямое непрямое VERB issue-53 417 16 влияние влияние PROPN issue-53 417 17 на на PROPN issue-53 417 18 структуру структуру PROPN issue-53 417 19 капитала капитала VERB issue-53 417 20 . . PUNCT issue-53 418 1 политический политический PROPN issue-53 418 2 риск риск PROPN issue-53 418 3 является является PROPN issue-53 418 4 страновым страновым NOUN issue-53 418 5 фактором фактором VERB issue-53 418 6 и и PROPN issue-53 418 7 прямопропорционально прямопропорционально VERB issue-53 418 8 влияет влияет X issue-53 418 9 на на PROPN issue-53 418 10 уровень уровень PROPN issue-53 418 11 использования использования NOUN issue-53 418 12 заёмных заёмных NOUN issue-53 418 13 средств средств ADJ issue-53 418 14 . . PUNCT issue-53 419 1 валютный валютный NOUN issue-53 419 2 риск риск NOUN issue-53 419 3 также также PROPN issue-53 419 4 существенно существенно PROPN issue-53 419 5 влияет влияет PROPN issue-53 419 6 на на PROPN issue-53 419 7 корпоративную корпоративную PROPN issue-53 419 8 структуру структуру PROPN issue-53 419 9 капитала капитала VERB issue-53 419 10 . . PUNCT issue-53 420 1 он он X issue-53 420 2 может может NOUN issue-53 420 3 быть быть NOUN issue-53 420 4 как как VERB issue-53 420 5 фактором фактором VERB issue-53 420 6 спроса спроса ADV issue-53 420 7 , , PUNCT issue-53 420 8 так так PROPN issue-53 420 9 и и PROPN issue-53 420 10 фактором фактором VERB issue-53 420 11 предложения предложения ADJ issue-53 420 12 , , PUNCT issue-53 420 13 осуществляя осуществляя PROPN issue-53 420 14 преимущественно преимущественно PROPN issue-53 420 15 обратное обратное VERB issue-53 420 16 влияние влияние PROPN issue-53 420 17 на на PROPN issue-53 420 18 уровень уровень PROPN issue-53 420 19 корпоративной корпоративной PROPN issue-53 420 20 задолженности задолженности PROPN issue-53 420 21 . . PUNCT issue-53 421 1 эти эти PROPN issue-53 421 2 факторы факторы NOUN issue-53 421 3 , , PUNCT issue-53 421 4 очевидно очевидно NOUN issue-53 421 5 , , PUNCT issue-53 421 6 также также PROPN issue-53 421 7 влияют влияют PROPN issue-53 421 8 на на PROPN issue-53 421 9 структуру структуру PROPN issue-53 421 10 капитала капитала VERB issue-53 421 11 национальных национальных PROPN issue-53 421 12 корпораций корпораций PROPN issue-53 421 13 , , PUNCT issue-53 421 14 однако однако ADJ issue-53 421 15 в в PROPN issue-53 421 16 гораздо гораздо PROPN issue-53 421 17 меньшей меньшей PROPN issue-53 421 18 степени степени NOUN issue-53 421 19 . . PUNCT issue-53 422 1 мы мы ADP issue-53 422 2 также также PROPN issue-53 422 3 рассматриваем рассматриваем PROPN issue-53 422 4 комплекс комплекс PROPN issue-53 422 5 поведенческих поведенческих PROPN issue-53 422 6 факторов факторов PROPN issue-53 422 7 таким таким PROPN issue-53 422 8 , , PUNCT issue-53 422 9 что что NOUN issue-53 422 10 существенно существенно NOUN issue-53 422 11 влияет влияет PROPN issue-53 422 12 на на PROPN issue-53 422 13 структуру структуру PROPN issue-53 422 14 капитала капитала VERB issue-53 422 15 тнк тнк NOUN issue-53 422 16 , , PUNCT issue-53 422 17 хотя хотя PROPN issue-53 422 18 эти эти PROPN issue-53 422 19 факторы факторы NOUN issue-53 422 20 оказывают оказывают NOUN issue-53 422 21 влияние влияние PROPN issue-53 422 22 и и PROPN issue-53 422 23 на на PROPN issue-53 422 24 национальные национальные NOUN issue-53 422 25 корпорации корпорации NOUN issue-53 422 26 . . PUNCT