id	sid	tid	token	lemma	pos
bjmsr-506	1	1	copyright	copyright	NOUN
bjmsr-506	1	2	©	©	PROPN
bjmsr-506	1	3	cc	cc	PROPN
bjmsr-506	1	4	-	-	PUNCT
bjmsr-506	1	5	by	by	ADP
bjmsr-506	1	6	-	-	PUNCT
bjmsr-506	1	7	nc	nc	PROPN
bjmsr-506	1	8	2020	2020	NUM
bjmsr-506	1	9	,	,	PUNCT
bjmsr-506	1	10	cribfb	cribfb	PROPN
bjmsr-506	1	11	|bjmsr	|bjmsr	PROPN
bjmsr-506	1	12	bangladesh	bangladesh	PROPN
bjmsr-506	1	13	journal	journal	PROPN
bjmsr-506	1	14	of	of	ADP
bjmsr-506	1	15	multidisciplinary	multidisciplinary	ADJ
bjmsr-506	1	16	scientific	scientific	ADJ
bjmsr-506	1	17	research	research	NOUN
bjmsr-506	1	18	;	;	PUNCT
bjmsr-506	1	19	vol	vol	NOUN
bjmsr-506	1	20	.	.	NOUN
bjmsr-506	1	21	2	2	NUM
bjmsr-506	1	22	,	,	PUNCT
bjmsr-506	1	23	no	no	INTJ
bjmsr-506	1	24	.	.	NOUN
bjmsr-506	1	25	1	1	NUM
bjmsr-506	1	26	;	;	PUNCT
bjmsr-506	1	27	2020	2020	NUM
bjmsr-506	1	28	issn	issn	VERB
bjmsr-506	1	29	2687	2687	NUM
bjmsr-506	1	30	-	-	PUNCT
bjmsr-506	1	31	850x	850x	NUM
bjmsr-506	1	32	e	e	NOUN
bjmsr-506	1	33	-	-	PROPN
bjmsr-506	1	34	issn	issn	PROPN
bjmsr-506	1	35	2687	2687	NUM
bjmsr-506	1	36	-	-	SYM
bjmsr-506	1	37	8518	8518	NUM
bjmsr-506	1	38	published	publish	VERB
bjmsr-506	1	39	by	by	ADP
bjmsr-506	1	40	centre	centre	NOUN
bjmsr-506	1	41	for	for	ADP
bjmsr-506	1	42	research	research	NOUN
bjmsr-506	1	43	on	on	ADP
bjmsr-506	1	44	islamic	islamic	ADJ
bjmsr-506	1	45	banking	banking	PROPN
bjmsr-506	1	46	&	&	CCONJ
bjmsr-506	1	47	finance	finance	PROPN
bjmsr-506	1	48	and	and	CCONJ
bjmsr-506	1	49	business	business	NOUN
bjmsr-506	1	50	,	,	PUNCT
bjmsr-506	1	51	usa	usa	PROPN
bjmsr-506	1	52	23	23	NUM
bjmsr-506	1	53	23	23	NUM
bjmsr-506	1	54	earnings	earning	NOUN
bjmsr-506	1	55	predictability	predictability	NOUN
bjmsr-506	1	56	of	of	ADP
bjmsr-506	1	57	quoted	quote	VERB
bjmsr-506	1	58	firms	firm	NOUN
bjmsr-506	1	59	in	in	ADP
bjmsr-506	1	60	nigeria	nigeria	PROPN
bjmsr-506	1	61	taiwo	taiwo	PROPN
bjmsr-506	1	62	azeez	azeez	PROPN
bjmsr-506	1	63	olaniyi	olaniyi	VERB
bjmsr-506	1	64	phd	phd	PROPN
bjmsr-506	1	65	department	department	PROPN
bjmsr-506	1	66	of	of	ADP
bjmsr-506	1	67	accounting	accounting	PROPN
bjmsr-506	1	68	,	,	PUNCT
bjmsr-506	1	69	university	university	NOUN
bjmsr-506	1	70	of	of	ADP
bjmsr-506	1	71	ilorin	ilorin	NOUN
bjmsr-506	1	72	,	,	PUNCT
bjmsr-506	1	73	nigeria	nigeria	PROPN
bjmsr-506	1	74	e	e	NOUN
bjmsr-506	1	75	-	-	NOUN
bjmsr-506	1	76	mail	mail	NOUN
bjmsr-506	1	77	:	:	PUNCT
bjmsr-506	2	1	niyitaiwo03@yahoo.com	niyitaiwo03@yahoo.com	PROPN
bjmsr-506	2	2	segun	segun	PROPN
bjmsr-506	2	3	abogun	abogun	PROPN
bjmsr-506	2	4	phd	phd	PROPN
bjmsr-506	2	5	department	department	PROPN
bjmsr-506	2	6	of	of	ADP
bjmsr-506	2	7	accounting	accounting	PROPN
bjmsr-506	2	8	,	,	PUNCT
bjmsr-506	2	9	university	university	NOUN
bjmsr-506	2	10	of	of	ADP
bjmsr-506	2	11	ilorin	ilorin	NOUN
bjmsr-506	2	12	,	,	PUNCT
bjmsr-506	2	13	nigeria	nigeria	PROPN
bjmsr-506	2	14	e	e	NOUN
bjmsr-506	2	15	-	-	NOUN
bjmsr-506	2	16	mail	mail	NOUN
bjmsr-506	2	17	:	:	PUNCT
bjmsr-506	2	18	segunstc@yahoo.com	segunstc@yahoo.com	X
bjmsr-506	3	1	mudathir	mudathir	ADJ
bjmsr-506	3	2	olanrewaju	olanrewaju	ADJ
bjmsr-506	3	3	salam	salam	PROPN
bjmsr-506	3	4	phd	phd	PROPN
bjmsr-506	3	5	department	department	PROPN
bjmsr-506	3	6	of	of	ADP
bjmsr-506	3	7	accounting	accounting	PROPN
bjmsr-506	3	8	,	,	PUNCT
bjmsr-506	3	9	university	university	NOUN
bjmsr-506	3	10	of	of	ADP
bjmsr-506	3	11	ilorin	ilorin	NOUN
bjmsr-506	3	12	,	,	PUNCT
bjmsr-506	3	13	nigeria	nigeria	PROPN
bjmsr-506	3	14	e	e	NOUN
bjmsr-506	3	15	-	-	NOUN
bjmsr-506	3	16	mail	mail	NOUN
bjmsr-506	3	17	:	:	PUNCT
bjmsr-506	4	1	salamudathir@yahoo.com	salamudathir@yahoo.com	X
bjmsr-506	4	2	abstract	abstract	ADJ
bjmsr-506	4	3	the	the	DET
bjmsr-506	4	4	inability	inability	NOUN
bjmsr-506	4	5	of	of	ADP
bjmsr-506	4	6	investors	investor	NOUN
bjmsr-506	4	7	to	to	PART
bjmsr-506	4	8	predict	predict	VERB
bjmsr-506	4	9	future	future	ADJ
bjmsr-506	4	10	earnings	earning	NOUN
bjmsr-506	4	11	of	of	ADP
bjmsr-506	4	12	firms	firm	NOUN
bjmsr-506	4	13	exposes	expose	VERB
bjmsr-506	4	14	them	they	PRON
bjmsr-506	4	15	to	to	PART
bjmsr-506	4	16	further	further	ADJ
bjmsr-506	4	17	risk	risk	VERB
bjmsr-506	4	18	such	such	ADJ
bjmsr-506	4	19	that	that	SCONJ
bjmsr-506	4	20	potential	potential	ADJ
bjmsr-506	4	21	investors	investor	NOUN
bjmsr-506	4	22	may	may	AUX
bjmsr-506	4	23	be	be	AUX
bjmsr-506	4	24	scared	scare	VERB
bjmsr-506	4	25	away	away	ADV
bjmsr-506	4	26	while	while	SCONJ
bjmsr-506	4	27	existing	exist	VERB
bjmsr-506	4	28	ones	one	NOUN
bjmsr-506	4	29	may	may	AUX
bjmsr-506	4	30	be	be	AUX
bjmsr-506	4	31	prompted	prompt	VERB
bjmsr-506	4	32	to	to	PART
bjmsr-506	4	33	withdraw	withdraw	VERB
bjmsr-506	4	34	their	their	PRON
bjmsr-506	4	35	investment	investment	NOUN
bjmsr-506	4	36	.	.	PUNCT
bjmsr-506	5	1	thus	thus	ADV
bjmsr-506	5	2	,	,	PUNCT
bjmsr-506	5	3	it	it	PRON
bjmsr-506	5	4	becomes	become	VERB
bjmsr-506	5	5	imperative	imperative	ADJ
bjmsr-506	5	6	to	to	PART
bjmsr-506	5	7	evaluate	evaluate	VERB
bjmsr-506	5	8	the	the	DET
bjmsr-506	5	9	earnings	earning	NOUN
bjmsr-506	5	10	predictability	predictability	NOUN
bjmsr-506	5	11	of	of	ADP
bjmsr-506	5	12	nigerian	nigerian	ADJ
bjmsr-506	5	13	quoted	quote	VERB
bjmsr-506	5	14	firms	firm	NOUN
bjmsr-506	5	15	with	with	ADP
bjmsr-506	5	16	a	a	DET
bjmsr-506	5	17	view	view	NOUN
bjmsr-506	5	18	to	to	PART
bjmsr-506	5	19	establish	establish	VERB
bjmsr-506	5	20	the	the	DET
bjmsr-506	5	21	ability	ability	NOUN
bjmsr-506	5	22	or	or	CCONJ
bjmsr-506	5	23	inability	inability	NOUN
bjmsr-506	5	24	of	of	ADP
bjmsr-506	5	25	earnings	earning	NOUN
bjmsr-506	5	26	to	to	PART
bjmsr-506	5	27	predict	predict	VERB
bjmsr-506	5	28	itself	itself	PRON
bjmsr-506	5	29	.	.	PUNCT
bjmsr-506	6	1	also	also	ADV
bjmsr-506	6	2	,	,	PUNCT
bjmsr-506	6	3	the	the	DET
bjmsr-506	6	4	study	study	NOUN
bjmsr-506	6	5	examined	examine	VERB
bjmsr-506	6	6	the	the	DET
bjmsr-506	6	7	impact	impact	NOUN
bjmsr-506	6	8	of	of	ADP
bjmsr-506	6	9	volatility	volatility	NOUN
bjmsr-506	6	10	on	on	ADP
bjmsr-506	6	11	earnings	earning	NOUN
bjmsr-506	6	12	predictability	predictability	NOUN
bjmsr-506	6	13	of	of	ADP
bjmsr-506	6	14	nigerian	nigerian	ADJ
bjmsr-506	6	15	quoted	quote	VERB
bjmsr-506	6	16	firms	firm	NOUN
bjmsr-506	6	17	.	.	PUNCT
bjmsr-506	7	1	the	the	DET
bjmsr-506	7	2	total	total	ADJ
bjmsr-506	7	3	number	number	NOUN
bjmsr-506	7	4	of	of	ADP
bjmsr-506	7	5	seventy	seventy	NUM
bjmsr-506	7	6	three	three	NUM
bjmsr-506	7	7	(	(	PUNCT
bjmsr-506	7	8	73	73	NUM
bjmsr-506	7	9	)	)	PUNCT
bjmsr-506	7	10	quoted	quote	VERB
bjmsr-506	7	11	nigerian	nigerian	ADJ
bjmsr-506	7	12	firms	firm	NOUN
bjmsr-506	7	13	constitutes	constitute	VERB
bjmsr-506	7	14	the	the	DET
bjmsr-506	7	15	population	population	NOUN
bjmsr-506	7	16	of	of	ADP
bjmsr-506	7	17	this	this	DET
bjmsr-506	7	18	study	study	NOUN
bjmsr-506	7	19	and	and	CCONJ
bjmsr-506	7	20	the	the	DET
bjmsr-506	7	21	entire	entire	ADJ
bjmsr-506	7	22	73	73	NUM
bjmsr-506	7	23	firms	firm	NOUN
bjmsr-506	7	24	were	be	AUX
bjmsr-506	7	25	studied	study	VERB
bjmsr-506	7	26	.	.	PUNCT
bjmsr-506	8	1	the	the	DET
bjmsr-506	8	2	causal	causal	PROPN
bjmsr-506	8	3	relationship	relationship	NOUN
bjmsr-506	8	4	research	research	NOUN
bjmsr-506	8	5	design	design	NOUN
bjmsr-506	8	6	was	be	AUX
bjmsr-506	8	7	adopted	adopt	VERB
bjmsr-506	8	8	.	.	PUNCT
bjmsr-506	9	1	the	the	DET
bjmsr-506	9	2	secondary	secondary	ADJ
bjmsr-506	9	3	data	datum	NOUN
bjmsr-506	9	4	used	use	VERB
bjmsr-506	9	5	were	be	AUX
bjmsr-506	9	6	collected	collect	VERB
bjmsr-506	9	7	from	from	ADP
bjmsr-506	9	8	the	the	DET
bjmsr-506	9	9	financial	financial	ADJ
bjmsr-506	9	10	statements	statement	NOUN
bjmsr-506	9	11	of	of	ADP
bjmsr-506	9	12	the	the	DET
bjmsr-506	9	13	quoted	quote	VERB
bjmsr-506	9	14	firms	firm	NOUN
bjmsr-506	9	15	for	for	ADP
bjmsr-506	9	16	the	the	DET
bjmsr-506	9	17	period	period	NOUN
bjmsr-506	9	18	1996	1996	NUM
bjmsr-506	9	19	to	to	ADP
bjmsr-506	9	20	2015	2015	NUM
bjmsr-506	9	21	.	.	PUNCT
bjmsr-506	10	1	the	the	DET
bjmsr-506	10	2	system	system	NOUN
bjmsr-506	10	3	generalized	generalize	VERB
bjmsr-506	10	4	method	method	NOUN
bjmsr-506	10	5	of	of	ADP
bjmsr-506	10	6	moment	moment	NOUN
bjmsr-506	10	7	(	(	PUNCT
bjmsr-506	10	8	gmm	gmm	NOUN
bjmsr-506	10	9	)	)	PUNCT
bjmsr-506	10	10	was	be	AUX
bjmsr-506	10	11	used	use	VERB
bjmsr-506	10	12	to	to	PART
bjmsr-506	10	13	estimate	estimate	VERB
bjmsr-506	10	14	the	the	DET
bjmsr-506	10	15	dynamic	dynamic	ADJ
bjmsr-506	10	16	panel	panel	NOUN
bjmsr-506	10	17	regression	regression	NOUN
bjmsr-506	10	18	models	model	NOUN
bjmsr-506	10	19	of	of	ADP
bjmsr-506	10	20	the	the	DET
bjmsr-506	10	21	study	study	NOUN
bjmsr-506	10	22	.	.	PUNCT
bjmsr-506	11	1	the	the	DET
bjmsr-506	11	2	study	study	NOUN
bjmsr-506	11	3	found	find	VERB
bjmsr-506	11	4	that	that	SCONJ
bjmsr-506	11	5	earnings	earning	NOUN
bjmsr-506	11	6	of	of	ADP
bjmsr-506	11	7	firms	firm	NOUN
bjmsr-506	11	8	are	be	AUX
bjmsr-506	11	9	predictable	predictable	ADJ
bjmsr-506	11	10	.	.	PUNCT
bjmsr-506	12	1	the	the	DET
bjmsr-506	12	2	study	study	NOUN
bjmsr-506	12	3	also	also	ADV
bjmsr-506	12	4	found	find	VERB
bjmsr-506	12	5	that	that	SCONJ
bjmsr-506	12	6	volatility	volatility	NOUN
bjmsr-506	12	7	has	have	VERB
bjmsr-506	12	8	adverse	adverse	ADJ
bjmsr-506	12	9	effect	effect	NOUN
bjmsr-506	12	10	on	on	ADP
bjmsr-506	12	11	earnings	earning	NOUN
bjmsr-506	12	12	predictability	predictability	NOUN
bjmsr-506	12	13	.	.	PUNCT
bjmsr-506	13	1	it	it	PRON
bjmsr-506	13	2	was	be	AUX
bjmsr-506	13	3	therefore	therefore	ADV
bjmsr-506	13	4	recommended	recommend	VERB
bjmsr-506	13	5	more	more	ADJ
bjmsr-506	13	6	interest	interest	NOUN
bjmsr-506	13	7	/	/	SYM
bjmsr-506	13	8	investment	investment	NOUN
bjmsr-506	13	9	in	in	ADP
bjmsr-506	13	10	nigerian	nigerian	ADJ
bjmsr-506	13	11	firms	firm	NOUN
bjmsr-506	13	12	since	since	SCONJ
bjmsr-506	13	13	earnings	earning	NOUN
bjmsr-506	13	14	information	information	NOUN
bjmsr-506	13	15	is	be	AUX
bjmsr-506	13	16	available	available	ADJ
bjmsr-506	13	17	and	and	CCONJ
bjmsr-506	13	18	is	be	AUX
bjmsr-506	13	19	predictable	predictable	ADJ
bjmsr-506	13	20	while	while	SCONJ
bjmsr-506	13	21	managements	management	NOUN
bjmsr-506	13	22	of	of	ADP
bjmsr-506	13	23	firms	firm	NOUN
bjmsr-506	13	24	should	should	AUX
bjmsr-506	13	25	reduce	reduce	VERB
bjmsr-506	13	26	instability	instability	NOUN
bjmsr-506	13	27	in	in	ADP
bjmsr-506	13	28	reported	report	VERB
bjmsr-506	13	29	earnings	earning	NOUN
bjmsr-506	13	30	.	.	PUNCT
bjmsr-506	14	1	keywords	keyword	NOUN
bjmsr-506	14	2	:	:	PUNCT
bjmsr-506	14	3	earnings	earning	NOUN
bjmsr-506	14	4	,	,	PUNCT
bjmsr-506	14	5	predictability	predictability	NOUN
bjmsr-506	14	6	,	,	PUNCT
bjmsr-506	14	7	volatility	volatility	NOUN
bjmsr-506	14	8	,	,	PUNCT
bjmsr-506	14	9	investment	investment	NOUN
bjmsr-506	14	10	,	,	PUNCT
bjmsr-506	14	11	decision	decision	NOUN
bjmsr-506	14	12	.	.	PUNCT
bjmsr-506	15	1	jel	jel	PROPN
bjmsr-506	15	2	classification	classification	NOUN
bjmsr-506	15	3	:	:	PUNCT
bjmsr-506	15	4	m	m	PROPN
bjmsr-506	15	5	,	,	PUNCT
bjmsr-506	15	6	m4	m4	PROPN
bjmsr-506	15	7	.	.	NOUN
bjmsr-506	15	8	1	1	NUM
bjmsr-506	15	9	.	.	X
bjmsr-506	16	1	introduction	introduction	NOUN
bjmsr-506	16	2	risk	risk	NOUN
bjmsr-506	16	3	is	be	AUX
bjmsr-506	16	4	an	an	DET
bjmsr-506	16	5	important	important	ADJ
bjmsr-506	16	6	issue	issue	NOUN
bjmsr-506	16	7	that	that	SCONJ
bjmsr-506	16	8	investors	investor	NOUN
bjmsr-506	16	9	consider	consider	VERB
bjmsr-506	16	10	in	in	ADP
bjmsr-506	16	11	making	make	VERB
bjmsr-506	16	12	investment	investment	NOUN
bjmsr-506	16	13	decisions	decision	NOUN
bjmsr-506	16	14	,	,	PUNCT
bjmsr-506	16	15	especially	especially	ADV
bjmsr-506	16	16	in	in	ADP
bjmsr-506	16	17	developing	develop	VERB
bjmsr-506	16	18	economies	economy	NOUN
bjmsr-506	16	19	such	such	ADJ
bjmsr-506	16	20	as	as	ADP
bjmsr-506	16	21	nigeria	nigeria	PROPN
bjmsr-506	16	22	.	.	PUNCT
bjmsr-506	17	1	this	this	PRON
bjmsr-506	17	2	is	be	AUX
bjmsr-506	17	3	because	because	SCONJ
bjmsr-506	17	4	developing	develop	VERB
bjmsr-506	17	5	economies	economy	NOUN
bjmsr-506	17	6	are	be	AUX
bjmsr-506	17	7	characterized	characterize	VERB
bjmsr-506	17	8	by	by	ADP
bjmsr-506	17	9	uncertainties	uncertainty	NOUN
bjmsr-506	17	10	and	and	CCONJ
bjmsr-506	17	11	risks	risk	NOUN
bjmsr-506	17	12	.	.	PUNCT
bjmsr-506	18	1	such	such	ADJ
bjmsr-506	18	2	risks	risk	NOUN
bjmsr-506	18	3	may	may	AUX
bjmsr-506	18	4	be	be	AUX
bjmsr-506	18	5	an	an	DET
bjmsr-506	18	6	operating	operating	NOUN
bjmsr-506	18	7	risk	risk	NOUN
bjmsr-506	18	8	,	,	PUNCT
bjmsr-506	18	9	information	information	NOUN
bjmsr-506	18	10	risk	risk	NOUN
bjmsr-506	18	11	,	,	PUNCT
bjmsr-506	18	12	political	political	ADJ
bjmsr-506	18	13	risk	risk	NOUN
bjmsr-506	18	14	,	,	PUNCT
bjmsr-506	18	15	technology	technology	NOUN
bjmsr-506	18	16	risk	risk	NOUN
bjmsr-506	18	17	,	,	PUNCT
bjmsr-506	18	18	and	and	CCONJ
bjmsr-506	18	19	economic	economic	ADJ
bjmsr-506	18	20	risk	risk	NOUN
bjmsr-506	18	21	.	.	PUNCT
bjmsr-506	19	1	earnings	earning	NOUN
bjmsr-506	19	2	quality	quality	NOUN
bjmsr-506	19	3	which	which	PRON
bjmsr-506	19	4	is	be	AUX
bjmsr-506	19	5	an	an	DET
bjmsr-506	19	6	element	element	NOUN
bjmsr-506	19	7	of	of	ADP
bjmsr-506	19	8	information	information	NOUN
bjmsr-506	19	9	risk	risk	NOUN
bjmsr-506	19	10	environments	environment	NOUN
bjmsr-506	19	11	of	of	ADP
bjmsr-506	19	12	developing	develop	VERB
bjmsr-506	19	13	economies	economy	NOUN
bjmsr-506	19	14	refers	refer	VERB
bjmsr-506	19	15	to	to	ADP
bjmsr-506	19	16	the	the	DET
bjmsr-506	19	17	adequacy	adequacy	NOUN
bjmsr-506	19	18	,	,	PUNCT
bjmsr-506	19	19	reliability	reliability	NOUN
bjmsr-506	19	20	,	,	PUNCT
bjmsr-506	19	21	and	and	CCONJ
bjmsr-506	19	22	relevance	relevance	NOUN
bjmsr-506	19	23	of	of	ADP
bjmsr-506	19	24	information	information	NOUN
bjmsr-506	19	25	provided	provide	VERB
bjmsr-506	19	26	by	by	ADP
bjmsr-506	19	27	the	the	DET
bjmsr-506	19	28	accounting	accounting	NOUN
bjmsr-506	19	29	system	system	NOUN
bjmsr-506	19	30	about	about	ADP
bjmsr-506	19	31	the	the	DET
bjmsr-506	19	32	earnings	earning	NOUN
bjmsr-506	19	33	of	of	ADP
bjmsr-506	19	34	an	an	DET
bjmsr-506	19	35	entity	entity	NOUN
bjmsr-506	19	36	.	.	PUNCT
bjmsr-506	20	1	it	it	PRON
bjmsr-506	20	2	therefore	therefore	ADV
bjmsr-506	20	3	becomes	become	VERB
bjmsr-506	20	4	difficult	difficult	ADJ
bjmsr-506	20	5	for	for	SCONJ
bjmsr-506	20	6	investors	investor	NOUN
bjmsr-506	20	7	to	to	PART
bjmsr-506	20	8	make	make	VERB
bjmsr-506	20	9	investment	investment	NOUN
bjmsr-506	20	10	decision	decision	NOUN
bjmsr-506	20	11	due	due	ADP
bjmsr-506	20	12	to	to	ADP
bjmsr-506	20	13	the	the	DET
bjmsr-506	20	14	problem	problem	NOUN
bjmsr-506	20	15	of	of	ADP
bjmsr-506	20	16	predicting	predict	VERB
bjmsr-506	20	17	expected	expect	VERB
bjmsr-506	20	18	future	future	ADJ
bjmsr-506	20	19	cash	cash	NOUN
bjmsr-506	20	20	flow	flow	NOUN
bjmsr-506	20	21	arising	arise	VERB
bjmsr-506	20	22	from	from	ADP
bjmsr-506	20	23	earnings	earning	NOUN
bjmsr-506	20	24	.	.	PUNCT
bjmsr-506	21	1	according	accord	VERB
bjmsr-506	21	2	to	to	ADP
bjmsr-506	21	3	dechow	dechow	ADJ
bjmsr-506	21	4	,	,	PUNCT
bjmsr-506	21	5	ge	ge	PROPN
bjmsr-506	21	6	and	and	CCONJ
bjmsr-506	21	7	schrand	schrand	PROPN
bjmsr-506	21	8	(	(	PUNCT
bjmsr-506	21	9	2010	2010	NUM
bjmsr-506	21	10	)	)	PUNCT
bjmsr-506	21	11	,	,	PUNCT
bjmsr-506	21	12	the	the	DET
bjmsr-506	21	13	quality	quality	NOUN
bjmsr-506	21	14	of	of	ADP
bjmsr-506	21	15	earnings	earning	NOUN
bjmsr-506	21	16	depends	depend	VERB
bjmsr-506	21	17	on	on	ADP
bjmsr-506	21	18	two	two	NUM
bjmsr-506	21	19	factors	factor	NOUN
bjmsr-506	21	20	:	:	PUNCT
bjmsr-506	21	21	(	(	PUNCT
bjmsr-506	21	22	i	i	NOUN
bjmsr-506	21	23	)	)	PUNCT
bjmsr-506	21	24	.	.	PUNCT
bjmsr-506	22	1	operational	operational	ADJ
bjmsr-506	22	2	performance	performance	NOUN
bjmsr-506	22	3	of	of	ADP
bjmsr-506	22	4	the	the	DET
bjmsr-506	22	5	firm	firm	NOUN
bjmsr-506	22	6	,	,	PUNCT
bjmsr-506	22	7	and	and	CCONJ
bjmsr-506	22	8	(	(	PUNCT
bjmsr-506	22	9	ii	ii	NOUN
bjmsr-506	22	10	)	)	PUNCT
bjmsr-506	22	11	.	.	PUNCT
bjmsr-506	23	1	quality	quality	NOUN
bjmsr-506	23	2	of	of	ADP
bjmsr-506	23	3	the	the	DET
bjmsr-506	23	4	accounting	accounting	NOUN
bjmsr-506	23	5	systems	system	NOUN
bjmsr-506	23	6	that	that	PRON
bjmsr-506	23	7	measures	measure	VERB
bjmsr-506	23	8	the	the	DET
bjmsr-506	23	9	performance	performance	NOUN
bjmsr-506	23	10	.	.	PUNCT
bjmsr-506	24	1	although	although	SCONJ
bjmsr-506	24	2	there	there	PRON
bjmsr-506	24	3	are	be	VERB
bjmsr-506	24	4	different	different	ADJ
bjmsr-506	24	5	measures	measure	NOUN
bjmsr-506	24	6	of	of	ADP
bjmsr-506	24	7	earnings	earning	NOUN
bjmsr-506	24	8	quality	quality	NOUN
bjmsr-506	24	9	but	but	CCONJ
bjmsr-506	24	10	the	the	DET
bjmsr-506	24	11	commonly	commonly	ADV
bjmsr-506	24	12	used	use	VERB
bjmsr-506	24	13	ones	one	NOUN
bjmsr-506	24	14	in	in	ADP
bjmsr-506	24	15	the	the	DET
bjmsr-506	24	16	literature	literature	NOUN
bjmsr-506	24	17	are	be	AUX
bjmsr-506	24	18	value	value	NOUN
bjmsr-506	24	19	relevance	relevance	NOUN
bjmsr-506	24	20	,	,	PUNCT
bjmsr-506	24	21	conservatism	conservatism	NOUN
bjmsr-506	24	22	,	,	PUNCT
bjmsr-506	24	23	timeliness	timeliness	NOUN
bjmsr-506	24	24	,	,	PUNCT
bjmsr-506	24	25	persistence	persistence	NOUN
bjmsr-506	24	26	,	,	PUNCT
bjmsr-506	24	27	smoothness	smoothness	ADJ
bjmsr-506	24	28	,	,	PUNCT
bjmsr-506	24	29	accrual	accrual	ADJ
bjmsr-506	24	30	quality	quality	NOUN
bjmsr-506	24	31	,	,	PUNCT
bjmsr-506	24	32	and	and	CCONJ
bjmsr-506	24	33	predictability	predictability	NOUN
bjmsr-506	24	34	.	.	PUNCT
bjmsr-506	25	1	the	the	DET
bjmsr-506	25	2	primary	primary	ADJ
bjmsr-506	25	3	focus	focus	NOUN
bjmsr-506	25	4	of	of	ADP
bjmsr-506	25	5	this	this	DET
bjmsr-506	25	6	study	study	NOUN
bjmsr-506	25	7	is	be	AUX
bjmsr-506	25	8	the	the	DET
bjmsr-506	25	9	predictability	predictability	NOUN
bjmsr-506	25	10	of	of	ADP
bjmsr-506	25	11	earning	earn	VERB
bjmsr-506	25	12	as	as	ADP
bjmsr-506	25	13	a	a	DET
bjmsr-506	25	14	measure	measure	NOUN
bjmsr-506	25	15	of	of	ADP
bjmsr-506	25	16	earnings	earning	NOUN
bjmsr-506	25	17	quality	quality	NOUN
bjmsr-506	25	18	of	of	ADP
bjmsr-506	25	19	listed	list	VERB
bjmsr-506	25	20	companies	company	NOUN
bjmsr-506	25	21	in	in	ADP
bjmsr-506	25	22	nigeria	nigeria	PROPN
bjmsr-506	25	23	.	.	PUNCT
bjmsr-506	26	1	the	the	DET
bjmsr-506	26	2	motivation	motivation	NOUN
bjmsr-506	26	3	for	for	ADP
bjmsr-506	26	4	this	this	DET
bjmsr-506	26	5	study	study	NOUN
bjmsr-506	26	6	and	and	CCONJ
bjmsr-506	26	7	the	the	DET
bjmsr-506	26	8	choice	choice	NOUN
bjmsr-506	26	9	of	of	ADP
bjmsr-506	26	10	this	this	DET
bjmsr-506	26	11	proxy	proxy	NOUN
bjmsr-506	26	12	as	as	ADP
bjmsr-506	26	13	a	a	DET
bjmsr-506	26	14	measure	measure	NOUN
bjmsr-506	26	15	of	of	ADP
bjmsr-506	26	16	earnings	earning	NOUN
bjmsr-506	26	17	quality	quality	NOUN
bjmsr-506	26	18	came	come	VERB
bjmsr-506	26	19	from	from	ADP
bjmsr-506	26	20	two	two	NUM
bjmsr-506	26	21	sources	source	NOUN
bjmsr-506	26	22	.	.	PUNCT
bjmsr-506	27	1	firstly	firstly	ADV
bjmsr-506	27	2	,	,	PUNCT
bjmsr-506	27	3	those	those	PRON
bjmsr-506	27	4	who	who	PRON
bjmsr-506	27	5	studied	study	VERB
bjmsr-506	27	6	the	the	DET
bjmsr-506	27	7	time	time	NOUN
bjmsr-506	27	8	series	series	NOUN
bjmsr-506	27	9	properties	property	NOUN
bjmsr-506	27	10	of	of	ADP
bjmsr-506	27	11	corporate	corporate	ADJ
bjmsr-506	27	12	earnings	earning	NOUN
bjmsr-506	27	13	documented	document	VERB
bjmsr-506	27	14	that	that	SCONJ
bjmsr-506	27	15	such	such	ADJ
bjmsr-506	27	16	series	series	NOUN
bjmsr-506	27	17	follows	follow	VERB
bjmsr-506	27	18	a	a	DET
bjmsr-506	27	19	random	random	ADJ
bjmsr-506	27	20	walk	walk	NOUN
bjmsr-506	27	21	process	process	NOUN
bjmsr-506	27	22	;	;	PUNCT
bjmsr-506	27	23	that	that	PRON
bjmsr-506	27	24	is	be	AUX
bjmsr-506	27	25	unpredictable	unpredictable	ADJ
bjmsr-506	27	26	(	(	PUNCT
bjmsr-506	27	27	ball	ball	NOUN
bjmsr-506	27	28	&	&	CCONJ
bjmsr-506	27	29	watts	watts	PROPN
bjmsr-506	27	30	,	,	PUNCT
bjmsr-506	27	31	1972	1972	NUM
bjmsr-506	27	32	;	;	PUNCT
bjmsr-506	27	33	abbrecht	abbrecht	NOUN
bjmsr-506	27	34	,	,	PUNCT
bjmsr-506	27	35	lookabill	lookabill	NOUN
bjmsr-506	27	36	&	&	CCONJ
bjmsr-506	27	37	mckeown	mckeown	PROPN
bjmsr-506	27	38	,	,	PUNCT
bjmsr-506	27	39	1977	1977	NUM
bjmsr-506	27	40	;	;	PUNCT
bjmsr-506	27	41	chant	chant	ADJ
bjmsr-506	27	42	,	,	PUNCT
bjmsr-506	27	43	1980	1980	NUM
bjmsr-506	27	44	;	;	PUNCT
bjmsr-506	27	45	afego	afego	NOUN
bjmsr-506	27	46	,	,	PUNCT
bjmsr-506	27	47	2012	2012	NUM
bjmsr-506	27	48	;	;	PUNCT
bjmsr-506	27	49	ogege	ogege	PROPN
bjmsr-506	27	50	&	&	CCONJ
bjmsr-506	27	51	mojekwu	mojekwu	PROPN
bjmsr-506	27	52	,	,	PUNCT
bjmsr-506	27	53	2013	2013	NUM
bjmsr-506	27	54	)	)	PUNCT
bjmsr-506	27	55	.	.	PUNCT
bjmsr-506	28	1	the	the	DET
bjmsr-506	28	2	implications	implication	NOUN
bjmsr-506	28	3	of	of	ADP
bjmsr-506	28	4	such	such	ADJ
bjmsr-506	28	5	conclusion	conclusion	NOUN
bjmsr-506	28	6	which	which	PRON
bjmsr-506	28	7	is	be	AUX
bjmsr-506	28	8	a	a	DET
bjmsr-506	28	9	source	source	NOUN
bjmsr-506	28	10	of	of	ADP
bjmsr-506	28	11	concern	concern	NOUN
bjmsr-506	28	12	to	to	ADP
bjmsr-506	28	13	financial	financial	ADJ
bjmsr-506	28	14	analysts	analyst	NOUN
bjmsr-506	28	15	,	,	PUNCT
bjmsr-506	28	16	investors	investor	NOUN
bjmsr-506	28	17	,	,	PUNCT
bjmsr-506	28	18	management	management	NOUN
bjmsr-506	28	19	,	,	PUNCT
bjmsr-506	28	20	and	and	CCONJ
bjmsr-506	28	21	researchers	researcher	NOUN
bjmsr-506	28	22	are	be	AUX
bjmsr-506	28	23	of	of	ADP
bjmsr-506	28	24	many	many	ADJ
bjmsr-506	28	25	folds	fold	NOUN
bjmsr-506	28	26	.	.	PUNCT
bjmsr-506	29	1	the	the	DET
bjmsr-506	29	2	first	first	ADJ
bjmsr-506	29	3	implication	implication	NOUN
bjmsr-506	29	4	is	be	AUX
bjmsr-506	29	5	that	that	SCONJ
bjmsr-506	29	6	it	it	PRON
bjmsr-506	29	7	becomes	become	VERB
bjmsr-506	29	8	practically	practically	ADV
bjmsr-506	29	9	impossible	impossible	ADJ
bjmsr-506	29	10	to	to	PART
bjmsr-506	29	11	predict	predict	VERB
bjmsr-506	29	12	future	future	ADJ
bjmsr-506	29	13	earning	earn	VERB
bjmsr-506	29	14	by	by	ADP
bjmsr-506	29	15	studying	study	VERB
bjmsr-506	29	16	the	the	DET
bjmsr-506	29	17	histories	history	NOUN
bjmsr-506	29	18	of	of	ADP
bjmsr-506	29	19	corporate	corporate	ADJ
bjmsr-506	29	20	earnings	earning	NOUN
bjmsr-506	29	21	(	(	PUNCT
bjmsr-506	29	22	past	past	ADJ
bjmsr-506	29	23	observations	observation	NOUN
bjmsr-506	29	24	on	on	ADP
bjmsr-506	29	25	earnings	earning	NOUN
bjmsr-506	29	26	)	)	PUNCT
bjmsr-506	29	27	.	.	PUNCT
bjmsr-506	30	1	another	another	DET
bjmsr-506	30	2	implication	implication	NOUN
bjmsr-506	30	3	is	be	AUX
bjmsr-506	30	4	that	that	SCONJ
bjmsr-506	30	5	investors	investor	NOUN
bjmsr-506	30	6	who	who	PRON
bjmsr-506	30	7	value	value	VERB
bjmsr-506	30	8	firms	firm	NOUN
bjmsr-506	30	9	based	base	VERB
bjmsr-506	30	10	on	on	ADP
bjmsr-506	30	11	the	the	DET
bjmsr-506	30	12	prediction	prediction	NOUN
bjmsr-506	30	13	of	of	ADP
bjmsr-506	30	14	future	future	ADJ
bjmsr-506	30	15	earnings	earning	NOUN
bjmsr-506	30	16	through	through	ADP
bjmsr-506	30	17	the	the	DET
bjmsr-506	30	18	assessment	assessment	NOUN
bjmsr-506	30	19	of	of	ADP
bjmsr-506	30	20	past	past	ADJ
bjmsr-506	30	21	performances	performance	NOUN
bjmsr-506	30	22	are	be	AUX
bjmsr-506	30	23	merely	merely	ADV
bjmsr-506	30	24	engaged	engage	VERB
bjmsr-506	30	25	in	in	ADP
bjmsr-506	30	26	a	a	DET
bjmsr-506	30	27	futile	futile	ADJ
bjmsr-506	30	28	exercise	exercise	NOUN
bjmsr-506	30	29	.	.	PUNCT
bjmsr-506	31	1	lastly	lastly	ADV
bjmsr-506	31	2	,	,	PUNCT
bjmsr-506	31	3	income	income	NOUN
bjmsr-506	31	4	smoothening	smoothening	NOUN
bjmsr-506	31	5	engaged	engage	VERB
bjmsr-506	31	6	by	by	ADP
bjmsr-506	31	7	management	management	NOUN
bjmsr-506	31	8	aimed	aim	VERB
bjmsr-506	31	9	at	at	ADP
bjmsr-506	31	10	removing	remove	VERB
bjmsr-506	31	11	fluctuations	fluctuation	NOUN
bjmsr-506	31	12	from	from	ADP
bjmsr-506	31	13	reported	report	VERB
bjmsr-506	31	14	earnings	earning	NOUN
bjmsr-506	31	15	which	which	PRON
bjmsr-506	31	16	is	be	AUX
bjmsr-506	31	17	dependent	dependent	ADJ
bjmsr-506	31	18	on	on	ADP
bjmsr-506	31	19	predictability	predictability	NOUN
bjmsr-506	31	20	is	be	AUX
bjmsr-506	31	21	impossible	impossible	ADJ
bjmsr-506	31	22	.	.	PUNCT
bjmsr-506	32	1	copyright	copyright	NOUN
bjmsr-506	32	2	©	©	PROPN
bjmsr-506	32	3	cc	cc	PROPN
bjmsr-506	32	4	-	-	PUNCT
bjmsr-506	32	5	by	by	ADP
bjmsr-506	32	6	-	-	PUNCT
bjmsr-506	32	7	nc	nc	PROPN
bjmsr-506	32	8	2020	2020	NUM
bjmsr-506	32	9	,	,	PUNCT
bjmsr-506	32	10	cribfb	cribfb	PROPN
bjmsr-506	32	11	|bjmsr	|bjmsr	PROPN
bjmsr-506	32	12	www.cribfb.com/journal/index.php/bjmsr	www.cribfb.com/journal/index.php/bjmsr	X
bjmsr-506	32	13	bangladesh	bangladesh	PROPN
bjmsr-506	32	14	journal	journal	PROPN
bjmsr-506	32	15	of	of	ADP
bjmsr-506	32	16	multidisciplinary	multidisciplinary	ADJ
bjmsr-506	32	17	scientific	scientific	ADJ
bjmsr-506	32	18	research	research	NOUN
bjmsr-506	32	19	vol	vol	NOUN
bjmsr-506	32	20	.	.	PROPN
bjmsr-506	33	1	2	2	NUM
bjmsr-506	33	2	,	,	PUNCT
bjmsr-506	33	3	no	no	INTJ
bjmsr-506	33	4	.	.	NOUN
bjmsr-506	33	5	1	1	NUM
bjmsr-506	33	6	;	;	PUNCT
bjmsr-506	33	7	2020	2020	NUM
bjmsr-506	33	8	24	24	NUM
bjmsr-506	33	9	it	it	PRON
bjmsr-506	33	10	is	be	AUX
bjmsr-506	33	11	on	on	ADP
bjmsr-506	33	12	this	this	DET
bjmsr-506	33	13	basis	basis	NOUN
bjmsr-506	33	14	that	that	SCONJ
bjmsr-506	33	15	this	this	DET
bjmsr-506	33	16	study	study	NOUN
bjmsr-506	33	17	examines	examine	VERB
bjmsr-506	33	18	the	the	DET
bjmsr-506	33	19	predictability	predictability	NOUN
bjmsr-506	33	20	of	of	ADP
bjmsr-506	33	21	earnings	earning	NOUN
bjmsr-506	33	22	of	of	ADP
bjmsr-506	33	23	the	the	DET
bjmsr-506	33	24	nigerian	nigerian	ADJ
bjmsr-506	33	25	firms	firm	NOUN
bjmsr-506	33	26	.	.	PUNCT
bjmsr-506	34	1	asides	aside	VERB
bjmsr-506	34	2	the	the	DET
bjmsr-506	34	3	fact	fact	NOUN
bjmsr-506	34	4	that	that	SCONJ
bjmsr-506	34	5	the	the	DET
bjmsr-506	34	6	nigerian	nigerian	ADJ
bjmsr-506	34	7	stock	stock	NOUN
bjmsr-506	34	8	market	market	NOUN
bjmsr-506	34	9	an	an	DET
bjmsr-506	34	10	emerging	emerge	VERB
bjmsr-506	34	11	market	market	NOUN
bjmsr-506	34	12	,	,	PUNCT
bjmsr-506	34	13	the	the	DET
bjmsr-506	34	14	market	market	NOUN
bjmsr-506	34	15	is	be	AUX
bjmsr-506	34	16	highly	highly	ADV
bjmsr-506	34	17	regulated	regulated	ADJ
bjmsr-506	34	18	market	market	NOUN
bjmsr-506	34	19	(	(	PUNCT
bjmsr-506	34	20	nigerian	nigerian	ADJ
bjmsr-506	34	21	stock	stock	NOUN
bjmsr-506	34	22	exchange	exchange	PROPN
bjmsr-506	34	23	,	,	PUNCT
bjmsr-506	34	24	2015	2015	NUM
bjmsr-506	34	25	;	;	PUNCT
bjmsr-506	34	26	oludoyi	oludoyi	ADJ
bjmsr-506	34	27	,	,	PUNCT
bjmsr-506	34	28	1999	1999	NUM
bjmsr-506	34	29	)	)	PUNCT
bjmsr-506	34	30	.	.	PUNCT
bjmsr-506	35	1	thus	thus	ADV
bjmsr-506	35	2	,	,	PUNCT
bjmsr-506	35	3	the	the	DET
bjmsr-506	35	4	conclusion	conclusion	NOUN
bjmsr-506	35	5	that	that	SCONJ
bjmsr-506	35	6	corporate	corporate	ADJ
bjmsr-506	35	7	earnings	earning	NOUN
bjmsr-506	35	8	are	be	AUX
bjmsr-506	35	9	unpredictable	unpredictable	ADJ
bjmsr-506	35	10	may	may	AUX
bjmsr-506	35	11	not	not	PART
bjmsr-506	35	12	be	be	AUX
bjmsr-506	35	13	applicable	applicable	ADJ
bjmsr-506	35	14	to	to	ADP
bjmsr-506	35	15	the	the	DET
bjmsr-506	35	16	nigerian	nigerian	ADJ
bjmsr-506	35	17	market	market	NOUN
bjmsr-506	35	18	.	.	PUNCT
bjmsr-506	36	1	the	the	DET
bjmsr-506	36	2	second	second	ADJ
bjmsr-506	36	3	source	source	NOUN
bjmsr-506	36	4	of	of	ADP
bjmsr-506	36	5	motivation	motivation	NOUN
bjmsr-506	36	6	for	for	ADP
bjmsr-506	36	7	this	this	DET
bjmsr-506	36	8	study	study	NOUN
bjmsr-506	36	9	is	be	AUX
bjmsr-506	36	10	based	base	VERB
bjmsr-506	36	11	on	on	ADP
bjmsr-506	36	12	one	one	NUM
bjmsr-506	36	13	of	of	ADP
bjmsr-506	36	14	the	the	DET
bjmsr-506	36	15	objectives	objective	NOUN
bjmsr-506	36	16	of	of	ADP
bjmsr-506	36	17	financial	financial	ADJ
bjmsr-506	36	18	reporting	reporting	NOUN
bjmsr-506	36	19	which	which	PRON
bjmsr-506	36	20	states	state	VERB
bjmsr-506	36	21	that	that	SCONJ
bjmsr-506	36	22	:	:	PUNCT
bjmsr-506	36	23	the	the	DET
bjmsr-506	36	24	purpose	purpose	NOUN
bjmsr-506	36	25	of	of	ADP
bjmsr-506	36	26	financial	financial	ADJ
bjmsr-506	36	27	reporting	reporting	NOUN
bjmsr-506	36	28	is	be	AUX
bjmsr-506	36	29	to	to	PART
bjmsr-506	36	30	provide	provide	VERB
bjmsr-506	36	31	information	information	NOUN
bjmsr-506	36	32	for	for	ADP
bjmsr-506	36	33	existing	exist	VERB
bjmsr-506	36	34	and	and	CCONJ
bjmsr-506	36	35	potential	potential	ADJ
bjmsr-506	36	36	investors	investor	NOUN
bjmsr-506	36	37	,	,	PUNCT
bjmsr-506	36	38	lenders	lender	NOUN
bjmsr-506	36	39	and	and	CCONJ
bjmsr-506	36	40	other	other	ADJ
bjmsr-506	36	41	creditors	creditor	NOUN
bjmsr-506	36	42	for	for	ADP
bjmsr-506	36	43	decision	decision	NOUN
bjmsr-506	36	44	making	making	NOUN
bjmsr-506	36	45	(	(	PUNCT
bjmsr-506	36	46	international	international	ADJ
bjmsr-506	36	47	accounting	accounting	NOUN
bjmsr-506	36	48	standard	standard	PROPN
bjmsr-506	36	49	board	board	PROPN
bjmsr-506	36	50	[	[	X
bjmsr-506	36	51	iasb	iasb	NOUN
bjmsr-506	36	52	]	]	X
bjmsr-506	36	53	,	,	PUNCT
bjmsr-506	36	54	2010	2010	NUM
bjmsr-506	36	55	)	)	PUNCT
bjmsr-506	36	56	.	.	PUNCT
bjmsr-506	37	1	it	it	PRON
bjmsr-506	37	2	is	be	AUX
bjmsr-506	37	3	expected	expect	VERB
bjmsr-506	37	4	to	to	PART
bjmsr-506	37	5	provide	provide	VERB
bjmsr-506	37	6	information	information	NOUN
bjmsr-506	37	7	that	that	PRON
bjmsr-506	37	8	would	would	AUX
bjmsr-506	37	9	enable	enable	VERB
bjmsr-506	37	10	investors	investor	NOUN
bjmsr-506	37	11	to	to	PART
bjmsr-506	37	12	assess	assess	VERB
bjmsr-506	37	13	the	the	DET
bjmsr-506	37	14	amount	amount	NOUN
bjmsr-506	37	15	,	,	PUNCT
bjmsr-506	37	16	timing	timing	NOUN
bjmsr-506	37	17	,	,	PUNCT
bjmsr-506	37	18	and	and	CCONJ
bjmsr-506	37	19	uncertainty	uncertainty	NOUN
bjmsr-506	37	20	of	of	ADP
bjmsr-506	37	21	expected	expect	VERB
bjmsr-506	37	22	future	future	ADJ
bjmsr-506	37	23	net	net	ADJ
bjmsr-506	37	24	cash	cash	NOUN
bjmsr-506	37	25	inflows	inflow	NOUN
bjmsr-506	37	26	of	of	ADP
bjmsr-506	37	27	firms	firm	NOUN
bjmsr-506	37	28	.	.	PUNCT
bjmsr-506	38	1	it	it	PRON
bjmsr-506	38	2	is	be	AUX
bjmsr-506	38	3	also	also	ADV
bjmsr-506	38	4	expected	expect	VERB
bjmsr-506	38	5	to	to	PART
bjmsr-506	38	6	provide	provide	VERB
bjmsr-506	38	7	information	information	NOUN
bjmsr-506	38	8	that	that	PRON
bjmsr-506	38	9	would	would	AUX
bjmsr-506	38	10	enable	enable	VERB
bjmsr-506	38	11	investors	investor	NOUN
bjmsr-506	38	12	to	to	PART
bjmsr-506	38	13	estimate	estimate	VERB
bjmsr-506	38	14	the	the	DET
bjmsr-506	38	15	value	value	NOUN
bjmsr-506	38	16	of	of	ADP
bjmsr-506	38	17	an	an	DET
bjmsr-506	38	18	entity	entity	NOUN
bjmsr-506	38	19	.	.	PUNCT
bjmsr-506	39	1	the	the	DET
bjmsr-506	39	2	empirical	empirical	ADJ
bjmsr-506	39	3	evidences	evidence	NOUN
bjmsr-506	39	4	about	about	ADP
bjmsr-506	39	5	these	these	DET
bjmsr-506	39	6	stated	state	VERB
bjmsr-506	39	7	objectives	objective	NOUN
bjmsr-506	39	8	have	have	AUX
bjmsr-506	39	9	been	be	AUX
bjmsr-506	39	10	inconclusive	inconclusive	ADJ
bjmsr-506	39	11	;	;	PUNCT
bjmsr-506	39	12	hence	hence	ADV
bjmsr-506	39	13	the	the	DET
bjmsr-506	39	14	need	need	NOUN
bjmsr-506	39	15	for	for	ADP
bjmsr-506	39	16	more	more	ADJ
bjmsr-506	39	17	evidences	evidence	NOUN
bjmsr-506	39	18	especially	especially	ADV
bjmsr-506	39	19	from	from	ADP
bjmsr-506	39	20	emerging	emerge	VERB
bjmsr-506	39	21	market	market	NOUN
bjmsr-506	39	22	such	such	ADJ
bjmsr-506	39	23	as	as	ADP
bjmsr-506	39	24	nigeria	nigeria	PROPN
bjmsr-506	39	25	.	.	PUNCT
bjmsr-506	40	1	while	while	SCONJ
bjmsr-506	40	2	some	some	DET
bjmsr-506	40	3	studies	study	NOUN
bjmsr-506	40	4	provide	provide	VERB
bjmsr-506	40	5	evidence	evidence	NOUN
bjmsr-506	40	6	of	of	ADP
bjmsr-506	40	7	good	good	ADJ
bjmsr-506	40	8	earning	earning	NOUN
bjmsr-506	40	9	quality	quality	NOUN
bjmsr-506	40	10	in	in	ADP
bjmsr-506	40	11	terms	term	NOUN
bjmsr-506	40	12	of	of	ADP
bjmsr-506	40	13	earning	earn	VERB
bjmsr-506	40	14	persistence	persistence	NOUN
bjmsr-506	40	15	and	and	CCONJ
bjmsr-506	40	16	predictability	predictability	NOUN
bjmsr-506	40	17	(	(	PUNCT
bjmsr-506	40	18	folsom	folsom	PROPN
bjmsr-506	40	19	,	,	PUNCT
bjmsr-506	40	20	hribar	hribar	NOUN
bjmsr-506	40	21	,	,	PUNCT
bjmsr-506	40	22	mergenthaler	mergenthaler	NOUN
bjmsr-506	40	23	,	,	PUNCT
bjmsr-506	40	24	&	&	CCONJ
bjmsr-506	40	25	peterson	peterson	PROPN
bjmsr-506	40	26	,	,	PUNCT
bjmsr-506	40	27	2016	2016	NUM
bjmsr-506	40	28	)	)	PUNCT
bjmsr-506	40	29	,	,	PUNCT
bjmsr-506	40	30	others	other	NOUN
bjmsr-506	40	31	concluded	conclude	VERB
bjmsr-506	40	32	that	that	SCONJ
bjmsr-506	40	33	current	current	ADJ
bjmsr-506	40	34	earnings	earning	NOUN
bjmsr-506	40	35	are	be	AUX
bjmsr-506	40	36	only	only	ADV
bjmsr-506	40	37	capable	capable	ADJ
bjmsr-506	40	38	of	of	ADP
bjmsr-506	40	39	predicting	predict	VERB
bjmsr-506	40	40	future	future	ADJ
bjmsr-506	40	41	cash	cash	NOUN
bjmsr-506	40	42	flow	flow	NOUN
bjmsr-506	40	43	and	and	CCONJ
bjmsr-506	40	44	not	not	PART
bjmsr-506	40	45	future	future	ADJ
bjmsr-506	40	46	earnings	earning	NOUN
bjmsr-506	40	47	(	(	PUNCT
bjmsr-506	40	48	bandyopadhyay	bandyopadhyay	NOUN
bjmsr-506	40	49	,	,	PUNCT
bjmsr-506	40	50	chen	chen	PROPN
bjmsr-506	40	51	,	,	PUNCT
bjmsr-506	40	52	huang	huang	PROPN
bjmsr-506	40	53	&	&	CCONJ
bjmsr-506	40	54	jha	jha	PROPN
bjmsr-506	40	55	,	,	PUNCT
bjmsr-506	40	56	2010	2010	NUM
bjmsr-506	40	57	)	)	PUNCT
bjmsr-506	40	58	.	.	PUNCT
bjmsr-506	41	1	however	however	ADV
bjmsr-506	41	2	,	,	PUNCT
bjmsr-506	41	3	a	a	DET
bjmsr-506	41	4	number	number	NOUN
bjmsr-506	41	5	of	of	ADP
bjmsr-506	41	6	other	other	ADJ
bjmsr-506	41	7	studies	study	NOUN
bjmsr-506	41	8	concluded	conclude	VERB
bjmsr-506	41	9	that	that	SCONJ
bjmsr-506	41	10	current	current	ADJ
bjmsr-506	41	11	year	year	NOUN
bjmsr-506	41	12	’s	’s	PART
bjmsr-506	41	13	cash	cash	NOUN
bjmsr-506	41	14	flow	flow	NOUN
bjmsr-506	41	15	other	other	ADJ
bjmsr-506	41	16	than	than	ADP
bjmsr-506	41	17	current	current	ADJ
bjmsr-506	41	18	year	year	NOUN
bjmsr-506	41	19	’s	’s	PART
bjmsr-506	41	20	earnings	earning	NOUN
bjmsr-506	41	21	predicts	predict	VERB
bjmsr-506	41	22	future	future	ADJ
bjmsr-506	41	23	earnings	earning	NOUN
bjmsr-506	41	24	better	well	ADV
bjmsr-506	41	25	(	(	PUNCT
bjmsr-506	41	26	artikis	artikis	PROPN
bjmsr-506	41	27	&	&	CCONJ
bjmsr-506	41	28	papanastasopoulos	papanastasopoulo	NOUN
bjmsr-506	41	29	,	,	PUNCT
bjmsr-506	41	30	2016	2016	NUM
bjmsr-506	41	31	)	)	PUNCT
bjmsr-506	41	32	.	.	PUNCT
bjmsr-506	42	1	the	the	DET
bjmsr-506	42	2	question	question	NOUN
bjmsr-506	42	3	is	be	AUX
bjmsr-506	42	4	:	:	PUNCT
bjmsr-506	42	5	what	what	PRON
bjmsr-506	42	6	is	be	AUX
bjmsr-506	42	7	the	the	DET
bjmsr-506	42	8	predictability	predictability	NOUN
bjmsr-506	42	9	of	of	ADP
bjmsr-506	42	10	earnings	earning	NOUN
bjmsr-506	42	11	of	of	ADP
bjmsr-506	42	12	the	the	DET
bjmsr-506	42	13	nigerian	nigerian	ADJ
bjmsr-506	42	14	firms	firm	NOUN
bjmsr-506	42	15	?	?	PUNCT
bjmsr-506	43	1	efforts	effort	NOUN
bjmsr-506	43	2	have	have	AUX
bjmsr-506	43	3	been	be	AUX
bjmsr-506	43	4	made	make	VERB
bjmsr-506	43	5	by	by	ADP
bjmsr-506	43	6	few	few	ADJ
bjmsr-506	43	7	studies	study	NOUN
bjmsr-506	43	8	to	to	PART
bjmsr-506	43	9	examine	examine	VERB
bjmsr-506	43	10	the	the	DET
bjmsr-506	43	11	predictability	predictability	NOUN
bjmsr-506	43	12	of	of	ADP
bjmsr-506	43	13	earnings	earning	NOUN
bjmsr-506	43	14	of	of	ADP
bjmsr-506	43	15	the	the	DET
bjmsr-506	43	16	nigerian	nigerian	ADJ
bjmsr-506	43	17	firms	firm	NOUN
bjmsr-506	43	18	;	;	PUNCT
bjmsr-506	43	19	however	however	ADV
bjmsr-506	43	20	such	such	ADJ
bjmsr-506	43	21	studies	study	NOUN
bjmsr-506	43	22	are	be	AUX
bjmsr-506	43	23	limited	limit	VERB
bjmsr-506	43	24	in	in	ADP
bjmsr-506	43	25	many	many	ADJ
bjmsr-506	43	26	ways	way	NOUN
bjmsr-506	43	27	.	.	PUNCT
bjmsr-506	44	1	the	the	DET
bjmsr-506	44	2	studies	study	NOUN
bjmsr-506	44	3	include	include	VERB
bjmsr-506	44	4	:	:	PUNCT
bjmsr-506	44	5	ebirien	ebirien	NOUN
bjmsr-506	44	6	and	and	CCONJ
bjmsr-506	44	7	nwanyanwu	nwanyanwu	PROPN
bjmsr-506	44	8	(	(	PUNCT
bjmsr-506	44	9	2017	2017	NUM
bjmsr-506	44	10	)	)	PUNCT
bjmsr-506	44	11	;	;	PUNCT
bjmsr-506	44	12	uwuigbe	uwuigbe	NOUN
bjmsr-506	44	13	,	,	PUNCT
bjmsr-506	44	14	uyoyoghene	uyoyoghene	PROPN
bjmsr-506	44	15	,	,	PUNCT
bjmsr-506	44	16	jafaru	jafaru	NOUN
bjmsr-506	44	17	,	,	PUNCT
bjmsr-506	44	18	uwuigbe	uwuigbe	NOUN
bjmsr-506	44	19	and	and	CCONJ
bjmsr-506	44	20	jimoh	jimoh	ADJ
bjmsr-506	44	21	(	(	PUNCT
bjmsr-506	44	22	2017	2017	NUM
bjmsr-506	44	23	)	)	PUNCT
bjmsr-506	44	24	.	.	PUNCT
bjmsr-506	45	1	one	one	NUM
bjmsr-506	45	2	major	major	ADJ
bjmsr-506	45	3	limitation	limitation	NOUN
bjmsr-506	45	4	of	of	ADP
bjmsr-506	45	5	past	past	ADJ
bjmsr-506	45	6	studies	study	NOUN
bjmsr-506	45	7	in	in	ADP
bjmsr-506	45	8	this	this	DET
bjmsr-506	45	9	area	area	NOUN
bjmsr-506	45	10	in	in	ADP
bjmsr-506	45	11	nigeria	nigeria	PROPN
bjmsr-506	45	12	is	be	AUX
bjmsr-506	45	13	that	that	SCONJ
bjmsr-506	45	14	they	they	PRON
bjmsr-506	45	15	failed	fail	VERB
bjmsr-506	45	16	to	to	PART
bjmsr-506	45	17	examine	examine	VERB
bjmsr-506	45	18	the	the	DET
bjmsr-506	45	19	impact	impact	NOUN
bjmsr-506	45	20	of	of	ADP
bjmsr-506	45	21	earnings	earning	NOUN
bjmsr-506	45	22	volatility	volatility	NOUN
bjmsr-506	45	23	on	on	ADP
bjmsr-506	45	24	earnings	earning	NOUN
bjmsr-506	45	25	predictability	predictability	NOUN
bjmsr-506	45	26	which	which	PRON
bjmsr-506	45	27	has	have	AUX
bjmsr-506	45	28	been	be	AUX
bjmsr-506	45	29	reported	report	VERB
bjmsr-506	45	30	by	by	ADP
bjmsr-506	45	31	some	some	DET
bjmsr-506	45	32	studies	study	NOUN
bjmsr-506	45	33	in	in	ADP
bjmsr-506	45	34	other	other	ADJ
bjmsr-506	45	35	economies	economy	NOUN
bjmsr-506	45	36	as	as	ADP
bjmsr-506	45	37	a	a	DET
bjmsr-506	45	38	key	key	ADJ
bjmsr-506	45	39	determinant	determinant	NOUN
bjmsr-506	45	40	of	of	ADP
bjmsr-506	45	41	predictability	predictability	NOUN
bjmsr-506	45	42	(	(	PUNCT
bjmsr-506	45	43	dichev	dichev	PROPN
bjmsr-506	45	44	&	&	CCONJ
bjmsr-506	45	45	tang	tang	PROPN
bjmsr-506	45	46	,	,	PUNCT
bjmsr-506	45	47	2009	2009	NUM
bjmsr-506	45	48	;	;	PUNCT
bjmsr-506	45	49	hamzavi	hamzavi	PROPN
bjmsr-506	45	50	&	&	CCONJ
bjmsr-506	45	51	aflatooni	aflatooni	PROPN
bjmsr-506	45	52	,	,	PUNCT
bjmsr-506	45	53	2011	2011	NUM
bjmsr-506	45	54	;	;	PUNCT
bjmsr-506	45	55	yosra	yosra	PROPN
bjmsr-506	45	56	&	&	CCONJ
bjmsr-506	45	57	fawzi	fawzi	PROPN
bjmsr-506	45	58	,	,	PUNCT
bjmsr-506	45	59	2015	2015	NUM
bjmsr-506	45	60	)	)	PUNCT
bjmsr-506	45	61	.	.	PUNCT
bjmsr-506	46	1	another	another	DET
bjmsr-506	46	2	key	key	ADJ
bjmsr-506	46	3	limitation	limitation	NOUN
bjmsr-506	46	4	of	of	ADP
bjmsr-506	46	5	the	the	DET
bjmsr-506	46	6	past	past	ADJ
bjmsr-506	46	7	studies	study	NOUN
bjmsr-506	46	8	is	be	AUX
bjmsr-506	46	9	the	the	DET
bjmsr-506	46	10	weakness	weakness	NOUN
bjmsr-506	46	11	of	of	ADP
bjmsr-506	46	12	the	the	DET
bjmsr-506	46	13	estimation	estimation	NOUN
bjmsr-506	46	14	techniques	technique	NOUN
bjmsr-506	46	15	used	use	VERB
bjmsr-506	46	16	.	.	PUNCT
bjmsr-506	47	1	most	most	ADJ
bjmsr-506	47	2	of	of	ADP
bjmsr-506	47	3	these	these	DET
bjmsr-506	47	4	studies	study	NOUN
bjmsr-506	47	5	either	either	CCONJ
bjmsr-506	47	6	used	use	VERB
bjmsr-506	47	7	the	the	DET
bjmsr-506	47	8	pooled	pooled	ADJ
bjmsr-506	47	9	ordinary	ordinary	ADJ
bjmsr-506	47	10	least	least	ADJ
bjmsr-506	47	11	square	square	ADJ
bjmsr-506	47	12	method	method	NOUN
bjmsr-506	47	13	or	or	CCONJ
bjmsr-506	47	14	the	the	DET
bjmsr-506	47	15	ordered	order	VERB
bjmsr-506	47	16	probit	probit	NOUN
bjmsr-506	47	17	regression	regression	NOUN
bjmsr-506	47	18	using	use	VERB
bjmsr-506	47	19	the	the	DET
bjmsr-506	47	20	maximum	maximum	ADJ
bjmsr-506	47	21	likelihood	likelihood	NOUN
bjmsr-506	47	22	estimation	estimation	NOUN
bjmsr-506	47	23	technique	technique	NOUN
bjmsr-506	47	24	to	to	PART
bjmsr-506	47	25	fit	fit	VERB
bjmsr-506	47	26	their	their	PRON
bjmsr-506	47	27	regression	regression	NOUN
bjmsr-506	47	28	models	model	NOUN
bjmsr-506	47	29	(	(	PUNCT
bjmsr-506	47	30	e.g	e.g	X
bjmsr-506	47	31	uwuigbe	uwuigbe	NOUN
bjmsr-506	47	32	,	,	PUNCT
bjmsr-506	47	33	uyoyoghene	uyoyoghene	PROPN
bjmsr-506	47	34	,	,	PUNCT
bjmsr-506	47	35	jafaru	jafaru	NOUN
bjmsr-506	47	36	,	,	PUNCT
bjmsr-506	47	37	uwuigbe	uwuigbe	NOUN
bjmsr-506	47	38	and	and	CCONJ
bjmsr-506	47	39	jimoh	jimoh	ADJ
bjmsr-506	47	40	(	(	PUNCT
bjmsr-506	47	41	2017	2017	NUM
bjmsr-506	47	42	)	)	PUNCT
bjmsr-506	47	43	.	.	PUNCT
bjmsr-506	48	1	this	this	PRON
bjmsr-506	48	2	is	be	AUX
bjmsr-506	48	3	a	a	DET
bjmsr-506	48	4	major	major	ADJ
bjmsr-506	48	5	limitation	limitation	NOUN
bjmsr-506	48	6	of	of	ADP
bjmsr-506	48	7	the	the	DET
bjmsr-506	48	8	past	past	ADJ
bjmsr-506	48	9	studies	study	NOUN
bjmsr-506	48	10	in	in	ADP
bjmsr-506	48	11	the	the	DET
bjmsr-506	48	12	sense	sense	NOUN
bjmsr-506	48	13	that	that	SCONJ
bjmsr-506	48	14	,	,	PUNCT
bjmsr-506	48	15	the	the	DET
bjmsr-506	48	16	use	use	NOUN
bjmsr-506	48	17	of	of	ADP
bjmsr-506	48	18	ols	ol	NOUN
bjmsr-506	48	19	to	to	PART
bjmsr-506	48	20	estimate	estimate	VERB
bjmsr-506	48	21	an	an	DET
bjmsr-506	48	22	auto	auto	NOUN
bjmsr-506	48	23	-	-	PUNCT
bjmsr-506	48	24	regressive	regressive	ADJ
bjmsr-506	48	25	model	model	NOUN
bjmsr-506	48	26	is	be	AUX
bjmsr-506	48	27	capable	capable	ADJ
bjmsr-506	48	28	of	of	ADP
bjmsr-506	48	29	undermining	undermine	VERB
bjmsr-506	48	30	the	the	DET
bjmsr-506	48	31	validity	validity	NOUN
bjmsr-506	48	32	of	of	ADP
bjmsr-506	48	33	findings	finding	NOUN
bjmsr-506	48	34	from	from	ADP
bjmsr-506	48	35	such	such	ADJ
bjmsr-506	48	36	studies	study	NOUN
bjmsr-506	48	37	.	.	PUNCT
bjmsr-506	49	1	the	the	DET
bjmsr-506	49	2	model	model	NOUN
bjmsr-506	49	3	that	that	PRON
bjmsr-506	49	4	estimates	estimate	VERB
bjmsr-506	49	5	earnings	earning	NOUN
bjmsr-506	49	6	predictability	predictability	NOUN
bjmsr-506	49	7	is	be	AUX
bjmsr-506	49	8	an	an	DET
bjmsr-506	49	9	auto	auto	NOUN
bjmsr-506	49	10	-	-	PUNCT
bjmsr-506	49	11	regressive	regressive	ADJ
bjmsr-506	49	12	(	(	PUNCT
bjmsr-506	49	13	a	a	DET
bjmsr-506	49	14	r	r	NOUN
bjmsr-506	49	15	(	(	PUNCT
bjmsr-506	49	16	1	1	NUM
bjmsr-506	49	17	)	)	PUNCT
bjmsr-506	49	18	)	)	PUNCT
bjmsr-506	49	19	model	model	NOUN
bjmsr-506	49	20	which	which	PRON
bjmsr-506	49	21	the	the	DET
bjmsr-506	49	22	ordinary	ordinary	ADJ
bjmsr-506	49	23	least	least	ADV
bjmsr-506	49	24	square	square	ADJ
bjmsr-506	49	25	and	and	CCONJ
bjmsr-506	49	26	other	other	ADJ
bjmsr-506	49	27	similar	similar	ADJ
bjmsr-506	49	28	estimation	estimation	NOUN
bjmsr-506	49	29	techniques	technique	NOUN
bjmsr-506	49	30	can	can	AUX
bjmsr-506	49	31	not	not	PART
bjmsr-506	49	32	appropriately	appropriately	ADV
bjmsr-506	49	33	estimate	estimate	VERB
bjmsr-506	49	34	.	.	PUNCT
bjmsr-506	50	1	this	this	DET
bjmsr-506	50	2	study	study	NOUN
bjmsr-506	50	3	attempts	attempt	VERB
bjmsr-506	50	4	to	to	PART
bjmsr-506	50	5	fill	fill	VERB
bjmsr-506	50	6	this	this	DET
bjmsr-506	50	7	gap	gap	NOUN
bjmsr-506	50	8	in	in	ADP
bjmsr-506	50	9	the	the	DET
bjmsr-506	50	10	literature	literature	NOUN
bjmsr-506	50	11	.	.	PUNCT
bjmsr-506	51	1	finally	finally	ADV
bjmsr-506	51	2	,	,	PUNCT
bjmsr-506	51	3	the	the	DET
bjmsr-506	51	4	few	few	ADJ
bjmsr-506	51	5	studies	study	NOUN
bjmsr-506	51	6	that	that	PRON
bjmsr-506	51	7	have	have	AUX
bjmsr-506	51	8	attempted	attempt	VERB
bjmsr-506	51	9	to	to	PART
bjmsr-506	51	10	evaluate	evaluate	VERB
bjmsr-506	51	11	earnings	earning	NOUN
bjmsr-506	51	12	predictability	predictability	NOUN
bjmsr-506	51	13	of	of	ADP
bjmsr-506	51	14	nigerian	nigerian	ADJ
bjmsr-506	51	15	firm	firm	NOUN
bjmsr-506	51	16	focused	focus	VERB
bjmsr-506	51	17	on	on	ADP
bjmsr-506	51	18	the	the	DET
bjmsr-506	51	19	financial	financial	ADJ
bjmsr-506	51	20	service	service	NOUN
bjmsr-506	51	21	sector	sector	NOUN
bjmsr-506	51	22	;	;	PUNCT
bjmsr-506	51	23	thereby	thereby	ADV
bjmsr-506	51	24	limiting	limit	VERB
bjmsr-506	51	25	the	the	DET
bjmsr-506	51	26	generalization	generalization	NOUN
bjmsr-506	51	27	of	of	ADP
bjmsr-506	51	28	findings	finding	NOUN
bjmsr-506	51	29	from	from	ADP
bjmsr-506	51	30	such	such	ADJ
bjmsr-506	51	31	studies	study	NOUN
bjmsr-506	51	32	.	.	PUNCT
bjmsr-506	52	1	this	this	DET
bjmsr-506	52	2	study	study	NOUN
bjmsr-506	52	3	attempts	attempt	VERB
bjmsr-506	52	4	to	to	PART
bjmsr-506	52	5	address	address	VERB
bjmsr-506	52	6	these	these	DET
bjmsr-506	52	7	limitations	limitation	NOUN
bjmsr-506	52	8	by	by	ADP
bjmsr-506	52	9	studying	study	VERB
bjmsr-506	52	10	all	all	DET
bjmsr-506	52	11	sectors	sector	NOUN
bjmsr-506	52	12	except	except	SCONJ
bjmsr-506	52	13	the	the	DET
bjmsr-506	52	14	financial	financial	ADJ
bjmsr-506	52	15	service	service	NOUN
bjmsr-506	52	16	sector	sector	NOUN
bjmsr-506	52	17	.	.	PUNCT
bjmsr-506	53	1	therefore	therefore	ADV
bjmsr-506	53	2	,	,	PUNCT
bjmsr-506	53	3	the	the	DET
bjmsr-506	53	4	objectives	objective	NOUN
bjmsr-506	53	5	of	of	ADP
bjmsr-506	53	6	this	this	DET
bjmsr-506	53	7	study	study	NOUN
bjmsr-506	53	8	are	be	AUX
bjmsr-506	53	9	to	to	PART
bjmsr-506	53	10	:	:	PUNCT
bjmsr-506	53	11	(	(	PUNCT
bjmsr-506	53	12	1	1	NUM
bjmsr-506	53	13	)	)	PUNCT
bjmsr-506	53	14	.	.	PUNCT
bjmsr-506	54	1	examine	examine	VERB
bjmsr-506	54	2	the	the	DET
bjmsr-506	54	3	predictability	predictability	NOUN
bjmsr-506	54	4	of	of	ADP
bjmsr-506	54	5	earnings	earning	NOUN
bjmsr-506	54	6	of	of	ADP
bjmsr-506	54	7	nigerian	nigerian	ADJ
bjmsr-506	54	8	firm	firm	NOUN
bjmsr-506	54	9	;	;	PUNCT
bjmsr-506	54	10	(	(	PUNCT
bjmsr-506	54	11	2	2	NUM
bjmsr-506	54	12	)	)	PUNCT
bjmsr-506	54	13	.	.	PUNCT
bjmsr-506	55	1	examine	examine	VERB
bjmsr-506	55	2	the	the	DET
bjmsr-506	55	3	link	link	NOUN
bjmsr-506	55	4	between	between	ADP
bjmsr-506	55	5	volatility	volatility	NOUN
bjmsr-506	55	6	of	of	ADP
bjmsr-506	55	7	earnings	earning	NOUN
bjmsr-506	55	8	and	and	CCONJ
bjmsr-506	55	9	earnings	earning	NOUN
bjmsr-506	55	10	predictability	predictability	NOUN
bjmsr-506	55	11	.	.	PUNCT
bjmsr-506	56	1	as	as	ADP
bjmsr-506	56	2	a	a	DET
bjmsr-506	56	3	result	result	NOUN
bjmsr-506	56	4	,	,	PUNCT
bjmsr-506	56	5	the	the	DET
bjmsr-506	56	6	study	study	NOUN
bjmsr-506	56	7	hypothesized	hypothesize	VERB
bjmsr-506	56	8	that	that	SCONJ
bjmsr-506	56	9	:	:	PUNCT
bjmsr-506	56	10	(	(	PUNCT
bjmsr-506	56	11	1	1	NUM
bjmsr-506	56	12	)	)	PUNCT
bjmsr-506	56	13	.	.	PUNCT
bjmsr-506	57	1	earnings	earning	NOUN
bjmsr-506	57	2	of	of	ADP
bjmsr-506	57	3	nigerian	nigerian	ADJ
bjmsr-506	57	4	firms	firm	NOUN
bjmsr-506	57	5	are	be	AUX
bjmsr-506	57	6	not	not	PART
bjmsr-506	57	7	predictable	predictable	ADJ
bjmsr-506	57	8	;	;	PUNCT
bjmsr-506	57	9	(	(	PUNCT
bjmsr-506	57	10	2	2	NUM
bjmsr-506	57	11	)	)	PUNCT
bjmsr-506	57	12	.	.	PUNCT
bjmsr-506	58	1	earnings	earning	NOUN
bjmsr-506	58	2	volatility	volatility	NOUN
bjmsr-506	58	3	does	do	AUX
bjmsr-506	58	4	not	not	PART
bjmsr-506	58	5	affect	affect	VERB
bjmsr-506	58	6	earnings	earning	NOUN
bjmsr-506	58	7	predictability	predictability	NOUN
bjmsr-506	58	8	.	.	PUNCT
bjmsr-506	59	1	this	this	DET
bjmsr-506	59	2	study	study	NOUN
bjmsr-506	59	3	covers	cover	VERB
bjmsr-506	59	4	the	the	DET
bjmsr-506	59	5	period	period	NOUN
bjmsr-506	59	6	from	from	ADP
bjmsr-506	59	7	year	year	NOUN
bjmsr-506	59	8	1996	1996	NUM
bjmsr-506	59	9	to	to	ADP
bjmsr-506	59	10	year	year	NOUN
bjmsr-506	59	11	2015	2015	NUM
bjmsr-506	59	12	for	for	ADP
bjmsr-506	59	13	listed	list	VERB
bjmsr-506	59	14	firms	firm	NOUN
bjmsr-506	59	15	on	on	ADP
bjmsr-506	59	16	the	the	DET
bjmsr-506	59	17	nigerian	nigerian	ADJ
bjmsr-506	59	18	stock	stock	NOUN
bjmsr-506	59	19	exchange	exchange	NOUN
bjmsr-506	59	20	excluding	exclude	VERB
bjmsr-506	59	21	firms	firm	NOUN
bjmsr-506	59	22	in	in	ADP
bjmsr-506	59	23	the	the	DET
bjmsr-506	59	24	financial	financial	ADJ
bjmsr-506	59	25	sector	sector	NOUN
bjmsr-506	59	26	.	.	PUNCT
bjmsr-506	60	1	the	the	DET
bjmsr-506	60	2	choice	choice	NOUN
bjmsr-506	60	3	of	of	ADP
bjmsr-506	60	4	the	the	DET
bjmsr-506	60	5	start	start	NOUN
bjmsr-506	60	6	date	date	NOUN
bjmsr-506	60	7	was	be	AUX
bjmsr-506	60	8	based	base	VERB
bjmsr-506	60	9	on	on	ADP
bjmsr-506	60	10	data	datum	NOUN
bjmsr-506	60	11	availability	availability	NOUN
bjmsr-506	60	12	.	.	PUNCT
bjmsr-506	61	1	choosing	choose	VERB
bjmsr-506	61	2	a	a	DET
bjmsr-506	61	3	much	much	ADV
bjmsr-506	61	4	earlier	early	ADJ
bjmsr-506	61	5	date	date	NOUN
bjmsr-506	61	6	would	would	AUX
bjmsr-506	61	7	reduce	reduce	VERB
bjmsr-506	61	8	the	the	DET
bjmsr-506	61	9	number	number	NOUN
bjmsr-506	61	10	of	of	ADP
bjmsr-506	61	11	companies	company	NOUN
bjmsr-506	61	12	included	include	VERB
bjmsr-506	61	13	in	in	ADP
bjmsr-506	61	14	the	the	DET
bjmsr-506	61	15	study	study	NOUN
bjmsr-506	61	16	as	as	SCONJ
bjmsr-506	61	17	there	there	PRON
bjmsr-506	61	18	are	be	VERB
bjmsr-506	61	19	limited	limited	ADJ
bjmsr-506	61	20	numbers	number	NOUN
bjmsr-506	61	21	of	of	ADP
bjmsr-506	61	22	companies	company	NOUN
bjmsr-506	61	23	whose	whose	DET
bjmsr-506	61	24	historical	historical	ADJ
bjmsr-506	61	25	data	datum	NOUN
bjmsr-506	61	26	is	be	AUX
bjmsr-506	61	27	accessible	accessible	ADJ
bjmsr-506	61	28	.	.	PUNCT
bjmsr-506	62	1	on	on	ADP
bjmsr-506	62	2	the	the	DET
bjmsr-506	62	3	other	other	ADJ
bjmsr-506	62	4	hand	hand	NOUN
bjmsr-506	62	5	,	,	PUNCT
bjmsr-506	62	6	choosing	choose	VERB
bjmsr-506	62	7	a	a	DET
bjmsr-506	62	8	much	much	ADV
bjmsr-506	62	9	later	later	ADJ
bjmsr-506	62	10	year	year	NOUN
bjmsr-506	62	11	would	would	AUX
bjmsr-506	62	12	limit	limit	VERB
bjmsr-506	62	13	how	how	SCONJ
bjmsr-506	62	14	far	far	ADV
bjmsr-506	62	15	the	the	DET
bjmsr-506	62	16	study	study	NOUN
bjmsr-506	62	17	could	could	AUX
bjmsr-506	62	18	assess	assess	VERB
bjmsr-506	62	19	the	the	DET
bjmsr-506	62	20	historical	historical	ADJ
bjmsr-506	62	21	behavior	behavior	NOUN
bjmsr-506	62	22	of	of	ADP
bjmsr-506	62	23	earnings	earning	NOUN
bjmsr-506	62	24	of	of	ADP
bjmsr-506	62	25	firms	firm	NOUN
bjmsr-506	62	26	.	.	PUNCT
bjmsr-506	63	1	the	the	DET
bjmsr-506	63	2	choice	choice	NOUN
bjmsr-506	63	3	of	of	ADP
bjmsr-506	63	4	the	the	DET
bjmsr-506	63	5	end	end	NOUN
bjmsr-506	63	6	date	date	NOUN
bjmsr-506	63	7	was	be	AUX
bjmsr-506	63	8	equally	equally	ADV
bjmsr-506	63	9	based	base	VERB
bjmsr-506	63	10	on	on	ADP
bjmsr-506	63	11	data	datum	NOUN
bjmsr-506	63	12	availability	availability	NOUN
bjmsr-506	63	13	.	.	PUNCT
bjmsr-506	64	1	as	as	SCONJ
bjmsr-506	64	2	at	at	ADP
bjmsr-506	64	3	the	the	DET
bjmsr-506	64	4	time	time	NOUN
bjmsr-506	64	5	of	of	ADP
bjmsr-506	64	6	the	the	DET
bjmsr-506	64	7	study	study	NOUN
bjmsr-506	64	8	,	,	PUNCT
bjmsr-506	64	9	the	the	DET
bjmsr-506	64	10	annual	annual	ADJ
bjmsr-506	64	11	report	report	NOUN
bjmsr-506	64	12	and	and	CCONJ
bjmsr-506	64	13	accounts	account	NOUN
bjmsr-506	64	14	of	of	ADP
bjmsr-506	64	15	companies	company	NOUN
bjmsr-506	64	16	used	use	VERB
bjmsr-506	64	17	in	in	ADP
bjmsr-506	64	18	this	this	DET
bjmsr-506	64	19	study	study	NOUN
bjmsr-506	64	20	were	be	AUX
bjmsr-506	64	21	not	not	PART
bjmsr-506	64	22	all	all	ADV
bjmsr-506	64	23	available	available	ADJ
bjmsr-506	64	24	.	.	PUNCT
bjmsr-506	65	1	2	2	X
bjmsr-506	65	2	.	.	X
bjmsr-506	65	3	literature	literature	NOUN
bjmsr-506	65	4	review	review	PROPN
bjmsr-506	65	5	concept	concept	NOUN
bjmsr-506	65	6	of	of	ADP
bjmsr-506	65	7	earnings	earning	NOUN
bjmsr-506	65	8	predictability	predictability	NOUN
bjmsr-506	65	9	and	and	CCONJ
bjmsr-506	65	10	volatility	volatility	NOUN
bjmsr-506	65	11	earnings	earning	NOUN
bjmsr-506	65	12	predictability	predictability	NOUN
bjmsr-506	65	13	is	be	AUX
bjmsr-506	65	14	one	one	NUM
bjmsr-506	65	15	of	of	ADP
bjmsr-506	65	16	the	the	DET
bjmsr-506	65	17	various	various	ADJ
bjmsr-506	65	18	measures	measure	NOUN
bjmsr-506	65	19	of	of	ADP
bjmsr-506	65	20	earnings	earning	NOUN
bjmsr-506	65	21	quality	quality	NOUN
bjmsr-506	65	22	(	(	PUNCT
bjmsr-506	65	23	francis	francis	PROPN
bjmsr-506	65	24	et	et	PROPN
bjmsr-506	65	25	al	al	PROPN
bjmsr-506	65	26	.	.	PROPN
bjmsr-506	65	27	,	,	PUNCT
bjmsr-506	65	28	2004	2004	NUM
bjmsr-506	65	29	;	;	PUNCT
bjmsr-506	65	30	dechow	dechow	ADJ
bjmsr-506	65	31	et	et	PROPN
bjmsr-506	65	32	al	al	PROPN
bjmsr-506	65	33	.	.	PROPN
bjmsr-506	65	34	,	,	PUNCT
bjmsr-506	65	35	2010	2010	NUM
bjmsr-506	65	36	)	)	PUNCT
bjmsr-506	65	37	.	.	PUNCT
bjmsr-506	66	1	it	it	PRON
bjmsr-506	66	2	measures	measure	VERB
bjmsr-506	66	3	the	the	DET
bjmsr-506	66	4	ability	ability	NOUN
bjmsr-506	66	5	of	of	ADP
bjmsr-506	66	6	earnings	earning	NOUN
bjmsr-506	66	7	to	to	PART
bjmsr-506	66	8	predict	predict	VERB
bjmsr-506	66	9	itself	itself	PRON
bjmsr-506	66	10	;	;	PUNCT
bjmsr-506	66	11	and	and	CCONJ
bjmsr-506	66	12	this	this	PRON
bjmsr-506	66	13	is	be	AUX
bjmsr-506	66	14	possible	possible	ADJ
bjmsr-506	66	15	if	if	SCONJ
bjmsr-506	66	16	the	the	DET
bjmsr-506	66	17	firm	firm	NOUN
bjmsr-506	66	18	’s	’s	PART
bjmsr-506	66	19	earnings	earning	NOUN
bjmsr-506	66	20	exhibit	exhibit	VERB
bjmsr-506	66	21	a	a	DET
bjmsr-506	66	22	steady	steady	ADJ
bjmsr-506	66	23	growth	growth	NOUN
bjmsr-506	66	24	over	over	ADP
bjmsr-506	66	25	the	the	DET
bjmsr-506	66	26	years	year	NOUN
bjmsr-506	66	27	which	which	PRON
bjmsr-506	66	28	can	can	AUX
bjmsr-506	66	29	also	also	ADV
bjmsr-506	66	30	be	be	AUX
bjmsr-506	66	31	reasonably	reasonably	ADV
bjmsr-506	66	32	maintained	maintain	VERB
bjmsr-506	66	33	in	in	ADP
bjmsr-506	66	34	the	the	DET
bjmsr-506	66	35	future	future	ADJ
bjmsr-506	66	36	periods	period	NOUN
bjmsr-506	66	37	(	(	PUNCT
bjmsr-506	66	38	fink	fink	NOUN
bjmsr-506	66	39	,	,	PUNCT
bjmsr-506	66	40	2014	2014	NUM
bjmsr-506	66	41	)	)	PUNCT
bjmsr-506	66	42	.	.	PUNCT
bjmsr-506	67	1	lipe	lipe	PROPN
bjmsr-506	67	2	,	,	PUNCT
bjmsr-506	67	3	(	(	PUNCT
bjmsr-506	67	4	1990	1990	NUM
bjmsr-506	67	5	)	)	PUNCT
bjmsr-506	67	6	defined	define	VERB
bjmsr-506	67	7	earnings	earning	NOUN
bjmsr-506	67	8	predictability	predictability	NOUN
bjmsr-506	67	9	as	as	ADP
bjmsr-506	67	10	“	"	PUNCT
bjmsr-506	67	11	the	the	DET
bjmsr-506	67	12	ability	ability	NOUN
bjmsr-506	67	13	of	of	ADP
bjmsr-506	67	14	past	past	ADJ
bjmsr-506	67	15	earnings	earning	NOUN
bjmsr-506	67	16	to	to	PART
bjmsr-506	67	17	predict	predict	VERB
bjmsr-506	67	18	future	future	ADJ
bjmsr-506	67	19	earnings	earning	NOUN
bjmsr-506	67	20	,	,	PUNCT
bjmsr-506	67	21	and	and	CCONJ
bjmsr-506	67	22	it	it	PRON
bjmsr-506	67	23	is	be	AUX
bjmsr-506	67	24	reflected	reflect	VERB
bjmsr-506	67	25	in	in	ADP
bjmsr-506	67	26	the	the	DET
bjmsr-506	67	27	variance	variance	NOUN
bjmsr-506	67	28	of	of	ADP
bjmsr-506	67	29	the	the	DET
bjmsr-506	67	30	shock	shock	NOUN
bjmsr-506	67	31	in	in	ADP
bjmsr-506	67	32	the	the	DET
bjmsr-506	67	33	univariate	univariate	ADJ
bjmsr-506	67	34	earnings	earning	NOUN
bjmsr-506	67	35	process	process	NOUN
bjmsr-506	67	36	.	.	PUNCT
bjmsr-506	67	37	”	"	PUNCT
bjmsr-506	68	1	this	this	DET
bjmsr-506	68	2	definition	definition	NOUN
bjmsr-506	68	3	shows	show	VERB
bjmsr-506	68	4	that	that	SCONJ
bjmsr-506	68	5	earnings	earning	NOUN
bjmsr-506	68	6	predictability	predictability	NOUN
bjmsr-506	68	7	is	be	AUX
bjmsr-506	68	8	measured	measure	VERB
bjmsr-506	68	9	as	as	ADP
bjmsr-506	68	10	the	the	DET
bjmsr-506	68	11	variance	variance	NOUN
bjmsr-506	68	12	of	of	ADP
bjmsr-506	68	13	the	the	DET
bjmsr-506	68	14	error	error	NOUN
bjmsr-506	68	15	term	term	NOUN
bjmsr-506	68	16	in	in	ADP
bjmsr-506	68	17	a	a	DET
bjmsr-506	68	18	model	model	NOUN
bjmsr-506	68	19	where	where	SCONJ
bjmsr-506	68	20	current	current	ADJ
bjmsr-506	68	21	year	year	NOUN
bjmsr-506	68	22	earnings	earning	NOUN
bjmsr-506	68	23	of	of	ADP
bjmsr-506	68	24	firm	firm	ADJ
bjmsr-506	68	25	j	j	PROPN
bjmsr-506	68	26	is	be	AUX
bjmsr-506	68	27	regressed	regress	VERB
bjmsr-506	68	28	on	on	ADP
bjmsr-506	68	29	one	one	NUM
bjmsr-506	68	30	year	year	NOUN
bjmsr-506	68	31	lag	lag	NOUN
bjmsr-506	68	32	of	of	ADP
bjmsr-506	68	33	earnings	earning	NOUN
bjmsr-506	68	34	for	for	ADP
bjmsr-506	68	35	firm	firm	ADJ
bjmsr-506	68	36	j.	j.	PROPN
bjmsr-506	68	37	according	accord	VERB
bjmsr-506	68	38	to	to	ADP
bjmsr-506	68	39	lipe	lipe	PROPN
bjmsr-506	68	40	(	(	PUNCT
bjmsr-506	68	41	1990	1990	NUM
bjmsr-506	68	42	)	)	PUNCT
bjmsr-506	68	43	,	,	PUNCT
bjmsr-506	68	44	the	the	DET
bjmsr-506	68	45	variance	variance	NOUN
bjmsr-506	68	46	of	of	ADP
bjmsr-506	68	47	the	the	DET
bjmsr-506	68	48	shock	shock	NOUN
bjmsr-506	68	49	in	in	ADP
bjmsr-506	68	50	a	a	DET
bjmsr-506	68	51	univariate	univariate	ADJ
bjmsr-506	68	52	earnings	earning	NOUN
bjmsr-506	68	53	model	model	NOUN
bjmsr-506	68	54	is	be	AUX
bjmsr-506	68	55	negatively	negatively	ADV
bjmsr-506	68	56	related	relate	VERB
bjmsr-506	68	57	to	to	ADP
bjmsr-506	68	58	earnings	earning	NOUN
bjmsr-506	68	59	predictability	predictability	NOUN
bjmsr-506	68	60	,	,	PUNCT
bjmsr-506	68	61	that	that	ADV
bjmsr-506	68	62	is	is	ADV
bjmsr-506	68	63	,	,	PUNCT
bjmsr-506	68	64	as	as	SCONJ
bjmsr-506	68	65	the	the	DET
bjmsr-506	68	66	variance	variance	NOUN
bjmsr-506	68	67	of	of	ADP
bjmsr-506	68	68	the	the	DET
bjmsr-506	68	69	shock	shock	NOUN
bjmsr-506	68	70	gets	get	VERB
bjmsr-506	68	71	smaller	small	ADJ
bjmsr-506	68	72	,	,	PUNCT
bjmsr-506	68	73	predictability	predictability	NOUN
bjmsr-506	68	74	increases	increase	NOUN
bjmsr-506	68	75	.	.	PUNCT
bjmsr-506	69	1	consequently	consequently	ADV
bjmsr-506	69	2	the	the	DET
bjmsr-506	69	3	investors	investor	NOUN
bjmsr-506	69	4	’	’	PART
bjmsr-506	69	5	responsiveness	responsiveness	NOUN
bjmsr-506	69	6	to	to	ADP
bjmsr-506	69	7	earnings	earning	NOUN
bjmsr-506	69	8	increases	increase	NOUN
bjmsr-506	69	9	.	.	PUNCT
bjmsr-506	70	1	alternatively	alternatively	ADV
bjmsr-506	70	2	,	,	PUNCT
bjmsr-506	70	3	instead	instead	ADV
bjmsr-506	70	4	of	of	ADP
bjmsr-506	70	5	just	just	ADV
bjmsr-506	70	6	taking	take	VERB
bjmsr-506	70	7	the	the	DET
bjmsr-506	70	8	variance	variance	NOUN
bjmsr-506	70	9	of	of	ADP
bjmsr-506	70	10	the	the	DET
bjmsr-506	70	11	shock	shock	NOUN
bjmsr-506	70	12	as	as	ADP
bjmsr-506	70	13	the	the	DET
bjmsr-506	70	14	measure	measure	NOUN
bjmsr-506	70	15	of	of	ADP
bjmsr-506	70	16	predictability	predictability	NOUN
bjmsr-506	70	17	,	,	PUNCT
bjmsr-506	70	18	li	li	PROPN
bjmsr-506	70	19	,	,	PUNCT
bjmsr-506	70	20	abeeysekera	abeeysekera	PROPN
bjmsr-506	70	21	,	,	PUNCT
bjmsr-506	70	22	and	and	CCONJ
bjmsr-506	70	23	ma	ma	PROPN
bjmsr-506	70	24	(	(	PUNCT
bjmsr-506	70	25	2014	2014	NUM
bjmsr-506	70	26	)	)	PUNCT
bjmsr-506	70	27	used	use	VERB
bjmsr-506	70	28	the	the	DET
bjmsr-506	70	29	standard	standard	ADJ
bjmsr-506	70	30	deviation	deviation	NOUN
bjmsr-506	70	31	to	to	PART
bjmsr-506	70	32	measure	measure	VERB
bjmsr-506	70	33	predictability	predictability	NOUN
bjmsr-506	70	34	.	.	PUNCT
bjmsr-506	71	1	both	both	PRON
bjmsr-506	71	2	variance	variance	NOUN
bjmsr-506	71	3	and	and	CCONJ
bjmsr-506	71	4	standard	standard	ADJ
bjmsr-506	71	5	deviation	deviation	NOUN
bjmsr-506	71	6	measure	measure	NOUN
bjmsr-506	71	7	variability	variability	NOUN
bjmsr-506	71	8	or	or	CCONJ
bjmsr-506	71	9	spread	spread	VERB
bjmsr-506	71	10	in	in	ADP
bjmsr-506	71	11	a	a	DET
bjmsr-506	71	12	distribution	distribution	NOUN
bjmsr-506	71	13	;	;	PUNCT
bjmsr-506	71	14	the	the	DET
bjmsr-506	71	15	only	only	ADJ
bjmsr-506	71	16	advantage	advantage	NOUN
bjmsr-506	71	17	of	of	ADP
bjmsr-506	71	18	standard	standard	ADJ
bjmsr-506	71	19	deviation	deviation	NOUN
bjmsr-506	71	20	over	over	ADP
bjmsr-506	71	21	variance	variance	NOUN
bjmsr-506	71	22	is	be	AUX
bjmsr-506	71	23	that	that	SCONJ
bjmsr-506	71	24	,	,	PUNCT
bjmsr-506	71	25	standard	standard	ADJ
bjmsr-506	71	26	deviation	deviation	NOUN
bjmsr-506	71	27	is	be	AUX
bjmsr-506	71	28	in	in	ADP
bjmsr-506	71	29	the	the	DET
bjmsr-506	71	30	same	same	ADJ
bjmsr-506	71	31	unit	unit	NOUN
bjmsr-506	71	32	with	with	ADP
bjmsr-506	71	33	the	the	DET
bjmsr-506	71	34	raw	raw	ADJ
bjmsr-506	71	35	data	datum	NOUN
bjmsr-506	71	36	.	.	PUNCT
bjmsr-506	72	1	it	it	PRON
bjmsr-506	72	2	is	be	AUX
bjmsr-506	72	3	important	important	ADJ
bjmsr-506	72	4	to	to	PART
bjmsr-506	72	5	note	note	VERB
bjmsr-506	72	6	that	that	SCONJ
bjmsr-506	72	7	there	there	PRON
bjmsr-506	72	8	is	be	VERB
bjmsr-506	72	9	difference	difference	NOUN
bjmsr-506	72	10	between	between	ADP
bjmsr-506	72	11	earnings	earning	NOUN
bjmsr-506	72	12	persistence	persistence	NOUN
bjmsr-506	72	13	and	and	CCONJ
bjmsr-506	72	14	predictability	predictability	NOUN
bjmsr-506	72	15	.	.	PUNCT
bjmsr-506	73	1	the	the	DET
bjmsr-506	73	2	former	former	ADJ
bjmsr-506	73	3	measures	measure	VERB
bjmsr-506	73	4	the	the	DET
bjmsr-506	73	5	recurring	recur	VERB
bjmsr-506	73	6	nature	nature	NOUN
bjmsr-506	73	7	of	of	ADP
bjmsr-506	73	8	earnings	earning	NOUN
bjmsr-506	73	9	.	.	PUNCT
bjmsr-506	74	1	it	it	PRON
bjmsr-506	74	2	measures	measure	VERB
bjmsr-506	74	3	the	the	DET
bjmsr-506	74	4	magnitude	magnitude	NOUN
bjmsr-506	74	5	of	of	ADP
bjmsr-506	74	6	past	past	ADJ
bjmsr-506	74	7	earnings	earning	NOUN
bjmsr-506	74	8	in	in	ADP
bjmsr-506	74	9	the	the	DET
bjmsr-506	74	10	current	current	ADJ
bjmsr-506	74	11	earnings	earning	NOUN
bjmsr-506	74	12	.	.	PUNCT
bjmsr-506	75	1	according	accord	VERB
bjmsr-506	75	2	to	to	ADP
bjmsr-506	75	3	dechow	dechow	PROPN
bjmsr-506	75	4	et	et	PROPN
bjmsr-506	75	5	al	al	PROPN
bjmsr-506	75	6	.	.	PUNCT
bjmsr-506	76	1	(	(	PUNCT
bjmsr-506	76	2	2010	2010	NUM
bjmsr-506	76	3	)	)	PUNCT
bjmsr-506	76	4	,	,	PUNCT
bjmsr-506	76	5	“	"	PUNCT
bjmsr-506	76	6	firms	firm	NOUN
bjmsr-506	76	7	with	with	ADP
bjmsr-506	76	8	more	more	ADJ
bjmsr-506	76	9	persistent	persistent	ADJ
bjmsr-506	76	10	earnings	earning	NOUN
bjmsr-506	76	11	have	have	VERB
bjmsr-506	76	12	a	a	DET
bjmsr-506	76	13	more	more	ADV
bjmsr-506	76	14	sustainable	sustainable	ADJ
bjmsr-506	76	15	earnings	earning	NOUN
bjmsr-506	76	16	/	/	SYM
bjmsr-506	76	17	cash	cash	NOUN
bjmsr-506	76	18	flow	flow	NOUN
bjmsr-506	76	19	stream	stream	NOUN
bjmsr-506	76	20	that	that	PRON
bjmsr-506	76	21	will	will	AUX
bjmsr-506	76	22	make	make	VERB
bjmsr-506	76	23	a	a	DET
bjmsr-506	76	24	more	more	ADV
bjmsr-506	76	25	useful	useful	ADJ
bjmsr-506	76	26	copyright	copyright	NOUN
bjmsr-506	77	1	©	©	PROPN
bjmsr-506	77	2	cc	cc	NOUN
bjmsr-506	77	3	-	-	PUNCT
bjmsr-506	77	4	by	by	ADP
bjmsr-506	77	5	-	-	PUNCT
bjmsr-506	77	6	nc	nc	PROPN
bjmsr-506	77	7	2020	2020	NUM
bjmsr-506	77	8	,	,	PUNCT
bjmsr-506	77	9	cribfb	cribfb	PROPN
bjmsr-506	77	10	|bjmsr	|bjmsr	PROPN
bjmsr-506	77	11	www.cribfb.com/journal/index.php/bjmsr	www.cribfb.com/journal/index.php/bjmsr	X
bjmsr-506	78	1	bangladesh	bangladesh	PROPN
bjmsr-506	78	2	journal	journal	PROPN
bjmsr-506	78	3	of	of	ADP
bjmsr-506	78	4	multidisciplinary	multidisciplinary	ADJ
bjmsr-506	78	5	scientific	scientific	ADJ
bjmsr-506	78	6	research	research	NOUN
bjmsr-506	78	7	vol	vol	NOUN
bjmsr-506	78	8	.	.	PROPN
bjmsr-506	79	1	2	2	NUM
bjmsr-506	79	2	,	,	PUNCT
bjmsr-506	79	3	no	no	INTJ
bjmsr-506	79	4	.	.	NOUN
bjmsr-506	79	5	1	1	NUM
bjmsr-506	79	6	;	;	PUNCT
bjmsr-506	79	7	2020	2020	NUM
bjmsr-506	79	8	25	25	NUM
bjmsr-506	79	9	input	input	NOUN
bjmsr-506	79	10	into	into	ADP
bjmsr-506	79	11	discounted	discount	VERB
bjmsr-506	79	12	cash	cash	NOUN
bjmsr-506	79	13	flow	flow	NOUN
bjmsr-506	79	14	based	base	VERB
bjmsr-506	79	15	on	on	ADP
bjmsr-506	79	16	equity	equity	NOUN
bjmsr-506	79	17	valuation	valuation	NOUN
bjmsr-506	79	18	.	.	PUNCT
bjmsr-506	79	19	”	"	PUNCT
bjmsr-506	80	1	on	on	ADP
bjmsr-506	80	2	the	the	DET
bjmsr-506	80	3	other	other	ADJ
bjmsr-506	80	4	hand	hand	NOUN
bjmsr-506	80	5	,	,	PUNCT
bjmsr-506	80	6	predictability	predictability	NOUN
bjmsr-506	80	7	is	be	AUX
bjmsr-506	80	8	the	the	DET
bjmsr-506	80	9	earnings	earning	NOUN
bjmsr-506	80	10	power	power	NOUN
bjmsr-506	80	11	;	;	PUNCT
bjmsr-506	80	12	meaning	mean	VERB
bjmsr-506	80	13	the	the	DET
bjmsr-506	80	14	ability	ability	NOUN
bjmsr-506	80	15	of	of	ADP
bjmsr-506	80	16	past	past	ADJ
bjmsr-506	80	17	earnings	earning	NOUN
bjmsr-506	80	18	to	to	PART
bjmsr-506	80	19	predict	predict	VERB
bjmsr-506	80	20	future	future	ADJ
bjmsr-506	80	21	earnings	earning	NOUN
bjmsr-506	80	22	.	.	PUNCT
bjmsr-506	81	1	lipe	lipe	PROPN
bjmsr-506	81	2	(	(	PUNCT
bjmsr-506	81	3	1990	1990	NUM
bjmsr-506	81	4	)	)	PUNCT
bjmsr-506	81	5	differentiate	differentiate	VERB
bjmsr-506	81	6	the	the	DET
bjmsr-506	81	7	two	two	NUM
bjmsr-506	81	8	concepts	concept	NOUN
bjmsr-506	81	9	this	this	DET
bjmsr-506	81	10	way	way	NOUN
bjmsr-506	81	11	:	:	PUNCT
bjmsr-506	81	12	“	"	PUNCT
bjmsr-506	81	13	the	the	DET
bjmsr-506	81	14	predictability	predictability	NOUN
bjmsr-506	81	15	of	of	ADP
bjmsr-506	81	16	earnings	earning	NOUN
bjmsr-506	81	17	is	be	AUX
bjmsr-506	81	18	a	a	DET
bjmsr-506	81	19	function	function	NOUN
bjmsr-506	81	20	of	of	ADP
bjmsr-506	81	21	the	the	DET
bjmsr-506	81	22	average	average	ADJ
bjmsr-506	81	23	absolute	absolute	ADJ
bjmsr-506	81	24	magnitude	magnitude	NOUN
bjmsr-506	81	25	of	of	ADP
bjmsr-506	81	26	the	the	DET
bjmsr-506	81	27	annual	annual	ADJ
bjmsr-506	81	28	earnings	earning	NOUN
bjmsr-506	81	29	shocks	shock	NOUN
bjmsr-506	81	30	,	,	PUNCT
bjmsr-506	81	31	whereas	whereas	SCONJ
bjmsr-506	81	32	the	the	DET
bjmsr-506	81	33	time	time	NOUN
bjmsr-506	81	34	series	series	PROPN
bjmsr-506	81	35	persistence	persistence	NOUN
bjmsr-506	81	36	of	of	ADP
bjmsr-506	81	37	earnings	earning	NOUN
bjmsr-506	81	38	reflects	reflect	VERB
bjmsr-506	81	39	the	the	DET
bjmsr-506	81	40	autocorrelation	autocorrelation	NOUN
bjmsr-506	81	41	in	in	ADP
bjmsr-506	81	42	earnings	earning	NOUN
bjmsr-506	81	43	.	.	PUNCT
bjmsr-506	81	44	”	"	PUNCT
bjmsr-506	82	1	in	in	ADP
bjmsr-506	82	2	a	a	DET
bjmsr-506	82	3	univariate	univariate	ADJ
bjmsr-506	82	4	earnings	earning	NOUN
bjmsr-506	82	5	model	model	NOUN
bjmsr-506	82	6	,	,	PUNCT
bjmsr-506	82	7	earnings	earning	NOUN
bjmsr-506	82	8	persistence	persistence	NOUN
bjmsr-506	82	9	is	be	AUX
bjmsr-506	82	10	the	the	DET
bjmsr-506	82	11	slope	slope	NOUN
bjmsr-506	82	12	coefficient	coefficient	NOUN
bjmsr-506	82	13	of	of	ADP
bjmsr-506	82	14	one	one	NUM
bjmsr-506	82	15	year	year	NOUN
bjmsr-506	82	16	lag	lag	NOUN
bjmsr-506	82	17	of	of	ADP
bjmsr-506	82	18	earnings	earning	NOUN
bjmsr-506	82	19	while	while	SCONJ
bjmsr-506	82	20	earnings	earning	NOUN
bjmsr-506	82	21	predictability	predictability	NOUN
bjmsr-506	82	22	is	be	AUX
bjmsr-506	82	23	measured	measure	VERB
bjmsr-506	82	24	as	as	ADP
bjmsr-506	82	25	the	the	DET
bjmsr-506	82	26	standard	standard	ADJ
bjmsr-506	82	27	deviation	deviation	NOUN
bjmsr-506	82	28	of	of	ADP
bjmsr-506	82	29	the	the	DET
bjmsr-506	82	30	error	error	NOUN
bjmsr-506	82	31	component	component	NOUN
bjmsr-506	82	32	(	(	PUNCT
bjmsr-506	82	33	annual	annual	ADJ
bjmsr-506	82	34	earnings	earning	NOUN
bjmsr-506	82	35	shock	shock	NOUN
bjmsr-506	82	36	)	)	PUNCT
bjmsr-506	82	37	in	in	ADP
bjmsr-506	82	38	the	the	DET
bjmsr-506	82	39	model	model	NOUN
bjmsr-506	82	40	.	.	PUNCT
bjmsr-506	83	1	therefore	therefore	ADV
bjmsr-506	83	2	,	,	PUNCT
bjmsr-506	83	3	the	the	DET
bjmsr-506	83	4	two	two	NUM
bjmsr-506	83	5	concepts	concept	NOUN
bjmsr-506	83	6	of	of	ADP
bjmsr-506	83	7	earnings	earning	NOUN
bjmsr-506	83	8	persistence	persistence	NOUN
bjmsr-506	83	9	and	and	CCONJ
bjmsr-506	83	10	predictability	predictability	NOUN
bjmsr-506	83	11	are	be	AUX
bjmsr-506	83	12	not	not	PART
bjmsr-506	83	13	the	the	DET
bjmsr-506	83	14	same	same	ADJ
bjmsr-506	83	15	.	.	PUNCT
bjmsr-506	84	1	however	however	ADV
bjmsr-506	84	2	,	,	PUNCT
bjmsr-506	84	3	the	the	DET
bjmsr-506	84	4	two	two	NUM
bjmsr-506	84	5	concepts	concept	NOUN
bjmsr-506	84	6	are	be	AUX
bjmsr-506	84	7	complementary	complementary	ADJ
bjmsr-506	84	8	in	in	ADP
bjmsr-506	84	9	the	the	DET
bjmsr-506	84	10	sense	sense	NOUN
bjmsr-506	84	11	that	that	SCONJ
bjmsr-506	84	12	an	an	DET
bjmsr-506	84	13	earnings	earning	NOUN
bjmsr-506	84	14	series	series	NOUN
bjmsr-506	84	15	that	that	PRON
bjmsr-506	84	16	exhibit	exhibit	VERB
bjmsr-506	84	17	persistence	persistence	NOUN
bjmsr-506	84	18	is	be	AUX
bjmsr-506	84	19	most	most	ADV
bjmsr-506	84	20	likely	likely	ADJ
bjmsr-506	84	21	to	to	PART
bjmsr-506	84	22	be	be	AUX
bjmsr-506	84	23	predictable	predictable	ADJ
bjmsr-506	84	24	.	.	PUNCT
bjmsr-506	85	1	there	there	PRON
bjmsr-506	85	2	are	be	VERB
bjmsr-506	85	3	determinants	determinant	NOUN
bjmsr-506	85	4	of	of	ADP
bjmsr-506	85	5	earnings	earning	NOUN
bjmsr-506	85	6	predictability	predictability	NOUN
bjmsr-506	85	7	which	which	PRON
bjmsr-506	85	8	are	be	AUX
bjmsr-506	85	9	also	also	ADV
bjmsr-506	85	10	related	relate	VERB
bjmsr-506	85	11	to	to	ADP
bjmsr-506	85	12	the	the	DET
bjmsr-506	85	13	determinants	determinant	NOUN
bjmsr-506	85	14	earnings	earning	NOUN
bjmsr-506	85	15	quality	quality	NOUN
bjmsr-506	85	16	in	in	ADP
bjmsr-506	85	17	general	general	ADJ
bjmsr-506	85	18	.	.	PUNCT
bjmsr-506	86	1	these	these	DET
bjmsr-506	86	2	determinants	determinant	NOUN
bjmsr-506	86	3	are	be	AUX
bjmsr-506	86	4	classified	classify	VERB
bjmsr-506	86	5	into	into	ADP
bjmsr-506	86	6	two	two	NUM
bjmsr-506	86	7	:	:	PUNCT
bjmsr-506	86	8	accounting	account	VERB
bjmsr-506	86	9	related	relate	VERB
bjmsr-506	86	10	factors	factor	NOUN
bjmsr-506	86	11	and	and	CCONJ
bjmsr-506	86	12	economy	economy	NOUN
bjmsr-506	86	13	related	relate	VERB
bjmsr-506	86	14	factors	factor	NOUN
bjmsr-506	86	15	.	.	PUNCT
bjmsr-506	87	1	the	the	DET
bjmsr-506	87	2	accounting	accounting	NOUN
bjmsr-506	87	3	related	relate	VERB
bjmsr-506	87	4	factors	factor	NOUN
bjmsr-506	87	5	include	include	VERB
bjmsr-506	87	6	:	:	PUNCT
bjmsr-506	87	7	accrual	accrual	ADJ
bjmsr-506	87	8	quality	quality	NOUN
bjmsr-506	87	9	,	,	PUNCT
bjmsr-506	87	10	earnings	earning	NOUN
bjmsr-506	87	11	smoothness	smoothness	NOUN
bjmsr-506	87	12	,	,	PUNCT
bjmsr-506	87	13	earnings	earning	NOUN
bjmsr-506	87	14	management	management	NOUN
bjmsr-506	87	15	,	,	PUNCT
bjmsr-506	87	16	measurement	measurement	NOUN
bjmsr-506	87	17	error	error	NOUN
bjmsr-506	87	18	,	,	PUNCT
bjmsr-506	87	19	accounting	account	VERB
bjmsr-506	87	20	conservatism	conservatism	NOUN
bjmsr-506	87	21	(	(	PUNCT
bjmsr-506	87	22	ewert	ewert	PROPN
bjmsr-506	87	23	&	&	CCONJ
bjmsr-506	87	24	wagenhofer	wagenhofer	VERB
bjmsr-506	87	25	,	,	PUNCT
bjmsr-506	87	26	2010	2010	NUM
bjmsr-506	87	27	)	)	PUNCT
bjmsr-506	87	28	.	.	PUNCT
bjmsr-506	88	1	the	the	DET
bjmsr-506	88	2	economic	economic	ADJ
bjmsr-506	88	3	related	relate	VERB
bjmsr-506	88	4	factors	factor	NOUN
bjmsr-506	88	5	are	be	AUX
bjmsr-506	88	6	the	the	DET
bjmsr-506	88	7	core	core	NOUN
bjmsr-506	88	8	operating	operating	NOUN
bjmsr-506	88	9	performance	performance	NOUN
bjmsr-506	88	10	of	of	ADP
bjmsr-506	88	11	firms	firm	NOUN
bjmsr-506	88	12	and	and	CCONJ
bjmsr-506	88	13	earnings	earning	NOUN
bjmsr-506	88	14	volatility	volatility	NOUN
bjmsr-506	88	15	.	.	PUNCT
bjmsr-506	89	1	earnings	earning	NOUN
bjmsr-506	89	2	volatility	volatility	NOUN
bjmsr-506	89	3	is	be	AUX
bjmsr-506	89	4	the	the	DET
bjmsr-506	89	5	variability	variability	NOUN
bjmsr-506	89	6	in	in	ADP
bjmsr-506	89	7	earnings	earning	NOUN
bjmsr-506	89	8	which	which	PRON
bjmsr-506	89	9	is	be	AUX
bjmsr-506	89	10	capable	capable	ADJ
bjmsr-506	89	11	of	of	ADP
bjmsr-506	89	12	reducing	reduce	VERB
bjmsr-506	89	13	the	the	DET
bjmsr-506	89	14	ability	ability	NOUN
bjmsr-506	89	15	of	of	ADP
bjmsr-506	89	16	past	past	ADJ
bjmsr-506	89	17	earnings	earning	NOUN
bjmsr-506	89	18	to	to	PART
bjmsr-506	89	19	predict	predict	VERB
bjmsr-506	89	20	future	future	ADJ
bjmsr-506	89	21	earnings	earning	NOUN
bjmsr-506	89	22	(	(	PUNCT
bjmsr-506	89	23	dichev	dichev	PROPN
bjmsr-506	89	24	&	&	CCONJ
bjmsr-506	89	25	tang	tang	PROPN
bjmsr-506	89	26	,	,	PUNCT
bjmsr-506	89	27	2009	2009	NUM
bjmsr-506	89	28	;	;	PUNCT
bjmsr-506	89	29	luttman	luttman	NOUN
bjmsr-506	89	30	&	&	CCONJ
bjmsr-506	89	31	silhan	silhan	PROPN
bjmsr-506	89	32	,	,	PUNCT
bjmsr-506	89	33	2017	2017	NUM
bjmsr-506	89	34	)	)	PUNCT
bjmsr-506	89	35	.	.	PUNCT
bjmsr-506	90	1	according	accord	VERB
bjmsr-506	90	2	to	to	ADP
bjmsr-506	90	3	fink	fink	PROPN
bjmsr-506	90	4	(	(	PUNCT
bjmsr-506	90	5	2014	2014	NUM
bjmsr-506	90	6	)	)	PUNCT
bjmsr-506	90	7	,	,	PUNCT
bjmsr-506	90	8	volatility	volatility	NOUN
bjmsr-506	90	9	is	be	AUX
bjmsr-506	90	10	the	the	DET
bjmsr-506	90	11	instability	instability	NOUN
bjmsr-506	90	12	and	and	CCONJ
bjmsr-506	90	13	inconsistency	inconsistency	NOUN
bjmsr-506	90	14	of	of	ADP
bjmsr-506	90	15	pattern	pattern	NOUN
bjmsr-506	90	16	exhibited	exhibit	VERB
bjmsr-506	90	17	by	by	ADP
bjmsr-506	90	18	the	the	DET
bjmsr-506	90	19	earning	earn	VERB
bjmsr-506	90	20	stream	stream	NOUN
bjmsr-506	90	21	of	of	ADP
bjmsr-506	90	22	a	a	DET
bjmsr-506	90	23	company	company	NOUN
bjmsr-506	90	24	.	.	PUNCT
bjmsr-506	91	1	when	when	SCONJ
bjmsr-506	91	2	the	the	DET
bjmsr-506	91	3	value	value	NOUN
bjmsr-506	91	4	of	of	ADP
bjmsr-506	91	5	earnings	earning	NOUN
bjmsr-506	91	6	is	be	AUX
bjmsr-506	91	7	rising	rise	VERB
bjmsr-506	91	8	and	and	CCONJ
bjmsr-506	91	9	falling	fall	VERB
bjmsr-506	91	10	in	in	ADP
bjmsr-506	91	11	an	an	DET
bjmsr-506	91	12	indiscernible	indiscernible	ADJ
bjmsr-506	91	13	manner	manner	NOUN
bjmsr-506	91	14	,	,	PUNCT
bjmsr-506	91	15	such	such	ADJ
bjmsr-506	91	16	earnings	earning	NOUN
bjmsr-506	91	17	distribution	distribution	NOUN
bjmsr-506	91	18	is	be	AUX
bjmsr-506	91	19	said	say	VERB
bjmsr-506	91	20	to	to	PART
bjmsr-506	91	21	be	be	AUX
bjmsr-506	91	22	volatile	volatile	ADJ
bjmsr-506	91	23	.	.	PUNCT
bjmsr-506	92	1	the	the	DET
bjmsr-506	92	2	volatility	volatility	NOUN
bjmsr-506	92	3	of	of	ADP
bjmsr-506	92	4	earnings	earning	NOUN
bjmsr-506	92	5	may	may	AUX
bjmsr-506	92	6	be	be	AUX
bjmsr-506	92	7	attributed	attribute	VERB
bjmsr-506	92	8	to	to	ADP
bjmsr-506	92	9	the	the	DET
bjmsr-506	92	10	volatility	volatility	NOUN
bjmsr-506	92	11	of	of	ADP
bjmsr-506	92	12	the	the	DET
bjmsr-506	92	13	economy	economy	NOUN
bjmsr-506	92	14	within	within	ADP
bjmsr-506	92	15	which	which	PRON
bjmsr-506	92	16	a	a	DET
bjmsr-506	92	17	firm	firm	NOUN
bjmsr-506	92	18	operates	operate	VERB
bjmsr-506	92	19	.	.	PUNCT
bjmsr-506	93	1	in	in	ADP
bjmsr-506	93	2	an	an	DET
bjmsr-506	93	3	emerging	emerge	VERB
bjmsr-506	93	4	market	market	NOUN
bjmsr-506	93	5	such	such	ADJ
bjmsr-506	93	6	as	as	ADP
bjmsr-506	93	7	nigeria	nigeria	PROPN
bjmsr-506	93	8	where	where	SCONJ
bjmsr-506	93	9	government	government	NOUN
bjmsr-506	93	10	economic	economic	ADJ
bjmsr-506	93	11	policies	policy	NOUN
bjmsr-506	93	12	change	change	VERB
bjmsr-506	93	13	frequently	frequently	ADV
bjmsr-506	93	14	in	in	ADP
bjmsr-506	93	15	an	an	DET
bjmsr-506	93	16	inconsistent	inconsistent	ADJ
bjmsr-506	93	17	manner	manner	NOUN
bjmsr-506	93	18	,	,	PUNCT
bjmsr-506	93	19	firms	firm	NOUN
bjmsr-506	93	20	are	be	AUX
bjmsr-506	93	21	adversely	adversely	ADV
bjmsr-506	93	22	affected	affect	VERB
bjmsr-506	93	23	(	(	PUNCT
bjmsr-506	93	24	espinosa	espinosa	PROPN
bjmsr-506	93	25	,	,	PUNCT
bjmsr-506	93	26	2016	2016	NUM
bjmsr-506	93	27	;	;	PUNCT
bjmsr-506	93	28	roggi	roggi	PROPN
bjmsr-506	93	29	,	,	PUNCT
bjmsr-506	93	30	giannozzi	giannozzi	NOUN
bjmsr-506	93	31	&	&	CCONJ
bjmsr-506	93	32	baglioni	baglioni	PROPN
bjmsr-506	93	33	,	,	PUNCT
bjmsr-506	93	34	2016	2016	NUM
bjmsr-506	93	35	)	)	PUNCT
bjmsr-506	93	36	.	.	PUNCT
bjmsr-506	94	1	for	for	ADP
bjmsr-506	94	2	instance	instance	NOUN
bjmsr-506	94	3	,	,	PUNCT
bjmsr-506	94	4	the	the	DET
bjmsr-506	94	5	persistent	persistent	ADJ
bjmsr-506	94	6	fluctuation	fluctuation	NOUN
bjmsr-506	94	7	in	in	ADP
bjmsr-506	94	8	the	the	DET
bjmsr-506	94	9	foreign	foreign	ADJ
bjmsr-506	94	10	exchange	exchange	NOUN
bjmsr-506	94	11	of	of	ADP
bjmsr-506	94	12	nigerian	nigerian	ADJ
bjmsr-506	94	13	local	local	ADJ
bjmsr-506	94	14	currency	currency	NOUN
bjmsr-506	94	15	against	against	ADP
bjmsr-506	94	16	the	the	DET
bjmsr-506	94	17	us	us	PROPN
bjmsr-506	94	18	dollar	dollar	NOUN
bjmsr-506	94	19	and	and	CCONJ
bjmsr-506	94	20	pounds	pound	NOUN
bjmsr-506	94	21	has	have	VERB
bjmsr-506	94	22	negative	negative	ADJ
bjmsr-506	94	23	effect	effect	NOUN
bjmsr-506	94	24	on	on	ADP
bjmsr-506	94	25	the	the	DET
bjmsr-506	94	26	operational	operational	ADJ
bjmsr-506	94	27	performance	performance	NOUN
bjmsr-506	94	28	of	of	ADP
bjmsr-506	94	29	some	some	DET
bjmsr-506	94	30	firms	firm	NOUN
bjmsr-506	94	31	.	.	PUNCT
bjmsr-506	95	1	this	this	DET
bjmsr-506	95	2	fluctuation	fluctuation	NOUN
bjmsr-506	95	3	in	in	ADP
bjmsr-506	95	4	the	the	DET
bjmsr-506	95	5	forex	forex	NOUN
bjmsr-506	95	6	can	can	AUX
bjmsr-506	95	7	introduce	introduce	VERB
bjmsr-506	95	8	volatility	volatility	NOUN
bjmsr-506	95	9	into	into	ADP
bjmsr-506	95	10	fundamental	fundamental	ADJ
bjmsr-506	95	11	performance	performance	NOUN
bjmsr-506	95	12	of	of	ADP
bjmsr-506	95	13	firms	firm	NOUN
bjmsr-506	95	14	.	.	PUNCT
bjmsr-506	96	1	therefore	therefore	ADV
bjmsr-506	96	2	,	,	PUNCT
bjmsr-506	96	3	the	the	DET
bjmsr-506	96	4	policy	policy	NOUN
bjmsr-506	96	5	and	and	CCONJ
bjmsr-506	96	6	operating	operating	NOUN
bjmsr-506	96	7	environment	environment	NOUN
bjmsr-506	96	8	within	within	ADP
bjmsr-506	96	9	which	which	PRON
bjmsr-506	96	10	a	a	DET
bjmsr-506	96	11	firm	firm	ADJ
bjmsr-506	96	12	operate	operate	NOUN
bjmsr-506	96	13	influences	influence	VERB
bjmsr-506	96	14	the	the	DET
bjmsr-506	96	15	volatility	volatility	NOUN
bjmsr-506	96	16	introduced	introduce	VERB
bjmsr-506	96	17	into	into	ADP
bjmsr-506	96	18	earnings	earning	NOUN
bjmsr-506	96	19	.	.	PUNCT
bjmsr-506	97	1	more	more	ADV
bjmsr-506	97	2	so	so	ADV
bjmsr-506	97	3	,	,	PUNCT
bjmsr-506	97	4	the	the	DET
bjmsr-506	97	5	nigerian	nigerian	ADJ
bjmsr-506	97	6	economy	economy	NOUN
bjmsr-506	97	7	has	have	AUX
bjmsr-506	97	8	witnessed	witness	VERB
bjmsr-506	97	9	recession	recession	NOUN
bjmsr-506	97	10	in	in	ADP
bjmsr-506	97	11	the	the	DET
bjmsr-506	97	12	recent	recent	ADJ
bjmsr-506	97	13	time	time	NOUN
bjmsr-506	97	14	.	.	PUNCT
bjmsr-506	98	1	the	the	DET
bjmsr-506	98	2	effect	effect	NOUN
bjmsr-506	98	3	of	of	ADP
bjmsr-506	98	4	such	such	ADJ
bjmsr-506	98	5	economic	economic	ADJ
bjmsr-506	98	6	shock	shock	NOUN
bjmsr-506	98	7	can	can	AUX
bjmsr-506	98	8	equally	equally	ADV
bjmsr-506	98	9	affect	affect	VERB
bjmsr-506	98	10	the	the	DET
bjmsr-506	98	11	economic	economic	ADJ
bjmsr-506	98	12	performance	performance	NOUN
bjmsr-506	98	13	of	of	ADP
bjmsr-506	98	14	firm	firm	NOUN
bjmsr-506	98	15	.	.	PUNCT
bjmsr-506	99	1	furthermore	furthermore	ADV
bjmsr-506	99	2	,	,	PUNCT
bjmsr-506	99	3	apart	apart	ADV
bjmsr-506	99	4	from	from	ADP
bjmsr-506	99	5	the	the	DET
bjmsr-506	99	6	economic	economic	ADJ
bjmsr-506	99	7	volatility	volatility	NOUN
bjmsr-506	99	8	,	,	PUNCT
bjmsr-506	99	9	accounting	accounting	NOUN
bjmsr-506	99	10	principles	principle	NOUN
bjmsr-506	99	11	and	and	CCONJ
bjmsr-506	99	12	practices	practice	NOUN
bjmsr-506	99	13	are	be	AUX
bjmsr-506	99	14	equally	equally	ADV
bjmsr-506	99	15	capable	capable	ADJ
bjmsr-506	99	16	of	of	ADP
bjmsr-506	99	17	introducing	introduce	VERB
bjmsr-506	99	18	volatility	volatility	NOUN
bjmsr-506	99	19	into	into	ADP
bjmsr-506	99	20	earnings	earning	NOUN
bjmsr-506	99	21	(	(	PUNCT
bjmsr-506	99	22	fink	fink	NOUN
bjmsr-506	99	23	,	,	PUNCT
bjmsr-506	99	24	2014	2014	NUM
bjmsr-506	99	25	)	)	PUNCT
bjmsr-506	99	26	.	.	PUNCT
bjmsr-506	100	1	in	in	ADP
bjmsr-506	100	2	situations	situation	NOUN
bjmsr-506	100	3	where	where	SCONJ
bjmsr-506	100	4	revenue	revenue	NOUN
bjmsr-506	100	5	is	be	AUX
bjmsr-506	100	6	poorly	poorly	ADV
bjmsr-506	100	7	matched	match	VERB
bjmsr-506	100	8	with	with	ADP
bjmsr-506	100	9	expenses	expense	NOUN
bjmsr-506	100	10	,	,	PUNCT
bjmsr-506	100	11	volatility	volatility	NOUN
bjmsr-506	100	12	is	be	AUX
bjmsr-506	100	13	introduced	introduce	VERB
bjmsr-506	100	14	into	into	ADP
bjmsr-506	100	15	earnings	earning	NOUN
bjmsr-506	100	16	(	(	PUNCT
bjmsr-506	100	17	dichev	dichev	PROPN
bjmsr-506	100	18	&	&	CCONJ
bjmsr-506	100	19	tang	tang	PROPN
bjmsr-506	100	20	,	,	PUNCT
bjmsr-506	100	21	2008	2008	NUM
bjmsr-506	100	22	)	)	PUNCT
bjmsr-506	100	23	.	.	PUNCT
bjmsr-506	101	1	also	also	ADV
bjmsr-506	101	2	,	,	PUNCT
bjmsr-506	101	3	the	the	DET
bjmsr-506	101	4	accuracy	accuracy	NOUN
bjmsr-506	101	5	of	of	ADP
bjmsr-506	101	6	accounting	accounting	NOUN
bjmsr-506	101	7	estimates	estimate	NOUN
bjmsr-506	101	8	,	,	PUNCT
bjmsr-506	101	9	depreciation	depreciation	NOUN
bjmsr-506	101	10	of	of	ADP
bjmsr-506	101	11	asset	asset	NOUN
bjmsr-506	101	12	method	method	NOUN
bjmsr-506	101	13	used	use	VERB
bjmsr-506	101	14	,	,	PUNCT
bjmsr-506	101	15	and	and	CCONJ
bjmsr-506	101	16	stock	stock	NOUN
bjmsr-506	101	17	valuation	valuation	NOUN
bjmsr-506	101	18	methods	method	NOUN
bjmsr-506	101	19	can	can	AUX
bjmsr-506	101	20	determine	determine	VERB
bjmsr-506	101	21	the	the	DET
bjmsr-506	101	22	level	level	NOUN
bjmsr-506	101	23	of	of	ADP
bjmsr-506	101	24	volatility	volatility	NOUN
bjmsr-506	101	25	exhibited	exhibit	VERB
bjmsr-506	101	26	by	by	ADP
bjmsr-506	101	27	earnings	earning	NOUN
bjmsr-506	101	28	.	.	PUNCT
bjmsr-506	102	1	in	in	ADP
bjmsr-506	102	2	addition	addition	NOUN
bjmsr-506	102	3	,	,	PUNCT
bjmsr-506	102	4	the	the	DET
bjmsr-506	102	5	accounting	accounting	NOUN
bjmsr-506	102	6	practice	practice	NOUN
bjmsr-506	102	7	of	of	ADP
bjmsr-506	102	8	timely	timely	ADJ
bjmsr-506	102	9	recognition	recognition	NOUN
bjmsr-506	102	10	of	of	ADP
bjmsr-506	102	11	losses	loss	NOUN
bjmsr-506	102	12	than	than	ADP
bjmsr-506	102	13	gains	gain	NOUN
bjmsr-506	102	14	,	,	PUNCT
bjmsr-506	102	15	transaction	transaction	NOUN
bjmsr-506	102	16	based	base	VERB
bjmsr-506	102	17	accounting	accounting	NOUN
bjmsr-506	102	18	are	be	AUX
bjmsr-506	102	19	capable	capable	ADJ
bjmsr-506	102	20	of	of	ADP
bjmsr-506	102	21	making	make	VERB
bjmsr-506	102	22	earnings	earning	NOUN
bjmsr-506	102	23	to	to	PART
bjmsr-506	102	24	be	be	AUX
bjmsr-506	102	25	volatile	volatile	ADJ
bjmsr-506	102	26	the	the	DET
bjmsr-506	102	27	implications	implication	NOUN
bjmsr-506	102	28	of	of	ADP
bjmsr-506	102	29	earnings	earning	NOUN
bjmsr-506	102	30	volatility	volatility	NOUN
bjmsr-506	102	31	are	be	AUX
bjmsr-506	102	32	numerous	numerous	ADJ
bjmsr-506	102	33	:	:	PUNCT
bjmsr-506	102	34	it	it	PRON
bjmsr-506	102	35	reduces	reduce	VERB
bjmsr-506	102	36	earnings	earning	NOUN
bjmsr-506	102	37	persistence	persistence	NOUN
bjmsr-506	102	38	and	and	CCONJ
bjmsr-506	102	39	predictability	predictability	NOUN
bjmsr-506	102	40	(	(	PUNCT
bjmsr-506	102	41	dichev	dichev	PROPN
bjmsr-506	102	42	&	&	CCONJ
bjmsr-506	102	43	tang	tang	PROPN
bjmsr-506	102	44	,	,	PUNCT
bjmsr-506	102	45	2009	2009	NUM
bjmsr-506	102	46	)	)	PUNCT
bjmsr-506	102	47	;	;	PUNCT
bjmsr-506	102	48	it	it	PRON
bjmsr-506	102	49	reduces	reduce	VERB
bjmsr-506	102	50	the	the	DET
bjmsr-506	102	51	information	information	NOUN
bjmsr-506	102	52	content	content	NOUN
bjmsr-506	102	53	of	of	ADP
bjmsr-506	102	54	earnings	earning	NOUN
bjmsr-506	102	55	(	(	PUNCT
bjmsr-506	102	56	collin	collin	PROPN
bjmsr-506	102	57	&	&	CCONJ
bjmsr-506	102	58	kothari	kothari	PROPN
bjmsr-506	102	59	,	,	PUNCT
bjmsr-506	102	60	1989	1989	NUM
bjmsr-506	102	61	;	;	PUNCT
bjmsr-506	102	62	lipe	lipe	PROPN
bjmsr-506	102	63	,	,	PUNCT
bjmsr-506	102	64	1990	1990	NUM
bjmsr-506	102	65	)	)	PUNCT
bjmsr-506	102	66	.	.	PUNCT
bjmsr-506	103	1	it	it	PRON
bjmsr-506	103	2	also	also	ADV
bjmsr-506	103	3	signals	signal	VERB
bjmsr-506	103	4	uncertainty	uncertainty	NOUN
bjmsr-506	103	5	to	to	ADP
bjmsr-506	103	6	the	the	DET
bjmsr-506	103	7	market	market	NOUN
bjmsr-506	103	8	and	and	CCONJ
bjmsr-506	103	9	as	as	ADP
bjmsr-506	103	10	a	a	DET
bjmsr-506	103	11	result	result	NOUN
bjmsr-506	103	12	,	,	PUNCT
bjmsr-506	103	13	the	the	DET
bjmsr-506	103	14	market	market	NOUN
bjmsr-506	103	15	revises	revise	VERB
bjmsr-506	103	16	downward	downward	ADV
bjmsr-506	103	17	its	its	PRON
bjmsr-506	103	18	expectations	expectation	NOUN
bjmsr-506	103	19	about	about	ADP
bjmsr-506	103	20	the	the	DET
bjmsr-506	103	21	future	future	ADJ
bjmsr-506	103	22	prospects	prospect	NOUN
bjmsr-506	103	23	of	of	ADP
bjmsr-506	103	24	the	the	DET
bjmsr-506	103	25	firm	firm	NOUN
bjmsr-506	103	26	.	.	PUNCT
bjmsr-506	104	1	consequently	consequently	ADV
bjmsr-506	104	2	,	,	PUNCT
bjmsr-506	104	3	the	the	DET
bjmsr-506	104	4	stock	stock	NOUN
bjmsr-506	104	5	price	price	NOUN
bjmsr-506	104	6	is	be	AUX
bjmsr-506	104	7	adversely	adversely	ADV
bjmsr-506	104	8	affected	affect	VERB
bjmsr-506	104	9	(	(	PUNCT
bjmsr-506	104	10	luttman	luttman	NOUN
bjmsr-506	104	11	&	&	CCONJ
bjmsr-506	104	12	silhan	silhan	PROPN
bjmsr-506	104	13	,	,	PUNCT
bjmsr-506	104	14	2011	2011	NUM
bjmsr-506	104	15	)	)	PUNCT
bjmsr-506	104	16	.	.	PUNCT
bjmsr-506	105	1	the	the	DET
bjmsr-506	105	2	cost	cost	NOUN
bjmsr-506	105	3	of	of	ADP
bjmsr-506	105	4	capital	capital	NOUN
bjmsr-506	105	5	is	be	AUX
bjmsr-506	105	6	high	high	ADJ
bjmsr-506	105	7	due	due	ADP
bjmsr-506	105	8	to	to	ADP
bjmsr-506	105	9	the	the	DET
bjmsr-506	105	10	uncertainty	uncertainty	NOUN
bjmsr-506	105	11	of	of	ADP
bjmsr-506	105	12	expected	expect	VERB
bjmsr-506	105	13	future	future	ADJ
bjmsr-506	105	14	net	net	ADJ
bjmsr-506	105	15	cash	cash	NOUN
bjmsr-506	105	16	inflow	inflow	NOUN
bjmsr-506	105	17	into	into	ADP
bjmsr-506	105	18	the	the	DET
bjmsr-506	105	19	entity	entity	NOUN
bjmsr-506	105	20	.	.	PUNCT
bjmsr-506	106	1	the	the	DET
bjmsr-506	106	2	effect	effect	NOUN
bjmsr-506	106	3	of	of	ADP
bjmsr-506	106	4	that	that	PRON
bjmsr-506	106	5	is	be	AUX
bjmsr-506	106	6	that	that	SCONJ
bjmsr-506	106	7	cost	cost	NOUN
bjmsr-506	106	8	of	of	ADP
bjmsr-506	106	9	external	external	ADJ
bjmsr-506	106	10	finance	finance	NOUN
bjmsr-506	106	11	will	will	AUX
bjmsr-506	106	12	be	be	AUX
bjmsr-506	106	13	relatively	relatively	ADV
bjmsr-506	106	14	high	high	ADJ
bjmsr-506	106	15	when	when	SCONJ
bjmsr-506	106	16	compared	compare	VERB
bjmsr-506	106	17	with	with	ADP
bjmsr-506	106	18	internal	internal	ADJ
bjmsr-506	106	19	sources	source	NOUN
bjmsr-506	106	20	(	(	PUNCT
bjmsr-506	106	21	ewert	ewert	PROPN
bjmsr-506	106	22	&	&	CCONJ
bjmsr-506	106	23	wagenhofer	wagenhofer	VERB
bjmsr-506	106	24	,	,	PUNCT
bjmsr-506	106	25	2010	2010	NUM
bjmsr-506	106	26	;	;	PUNCT
bjmsr-506	106	27	bruner	bruner	PROPN
bjmsr-506	106	28	,	,	PUNCT
bjmsr-506	106	29	conroy	conroy	PROPN
bjmsr-506	106	30	,	,	PUNCT
bjmsr-506	106	31	estrada	estrada	PROPN
bjmsr-506	106	32	,	,	PUNCT
bjmsr-506	106	33	kritzman	kritzman	PROPN
bjmsr-506	106	34	,	,	PUNCT
bjmsr-506	106	35	&	&	CCONJ
bjmsr-506	106	36	li	li	PROPN
bjmsr-506	106	37	,	,	PUNCT
bjmsr-506	106	38	2010	2010	NUM
bjmsr-506	106	39	;	;	PUNCT
bjmsr-506	106	40	doneva	doneva	PROPN
bjmsr-506	106	41	&	&	CCONJ
bjmsr-506	106	42	strom	strom	PROPN
bjmsr-506	106	43	,	,	PUNCT
bjmsr-506	106	44	2013	2013	NUM
bjmsr-506	106	45	)	)	PUNCT
bjmsr-506	106	46	.	.	PUNCT
bjmsr-506	107	1	volatility	volatility	NOUN
bjmsr-506	107	2	also	also	ADV
bjmsr-506	107	3	creates	create	VERB
bjmsr-506	107	4	incentives	incentive	NOUN
bjmsr-506	107	5	for	for	SCONJ
bjmsr-506	107	6	management	management	NOUN
bjmsr-506	107	7	to	to	PART
bjmsr-506	107	8	smoothen	smoothen	VERB
bjmsr-506	107	9	and	and	CCONJ
bjmsr-506	107	10	manage	manage	VERB
bjmsr-506	107	11	earnings	earning	NOUN
bjmsr-506	107	12	for	for	ADP
bjmsr-506	107	13	personal	personal	ADJ
bjmsr-506	107	14	gains	gain	NOUN
bjmsr-506	107	15	(	(	PUNCT
bjmsr-506	107	16	hamzavi	hamzavi	PROPN
bjmsr-506	107	17	&	&	CCONJ
bjmsr-506	107	18	aflatooni	aflatooni	PROPN
bjmsr-506	107	19	,	,	PUNCT
bjmsr-506	107	20	2011	2011	NUM
bjmsr-506	107	21	)	)	PUNCT
bjmsr-506	107	22	.	.	PUNCT
bjmsr-506	108	1	theoretical	theoretical	ADJ
bjmsr-506	108	2	explanation	explanation	NOUN
bjmsr-506	108	3	valuation	valuation	NOUN
bjmsr-506	108	4	theory	theory	NOUN
bjmsr-506	108	5	according	accord	VERB
bjmsr-506	108	6	to	to	ADP
bjmsr-506	108	7	feltham	feltham	PROPN
bjmsr-506	108	8	and	and	CCONJ
bjmsr-506	108	9	ohlson	ohlson	NOUN
bjmsr-506	108	10	(	(	PUNCT
bjmsr-506	108	11	1995	1995	NUM
bjmsr-506	108	12	)	)	PUNCT
bjmsr-506	108	13	;	;	PUNCT
bjmsr-506	108	14	dumontier	dumontier	NOUN
bjmsr-506	108	15	and	and	CCONJ
bjmsr-506	108	16	raffournier	raffournier	NOUN
bjmsr-506	108	17	(	(	PUNCT
bjmsr-506	108	18	2002	2002	NUM
bjmsr-506	108	19	)	)	PUNCT
bjmsr-506	108	20	;	;	PUNCT
bjmsr-506	108	21	nilsson	nilsson	PROPN
bjmsr-506	108	22	(	(	PUNCT
bjmsr-506	108	23	2003	2003	NUM
bjmsr-506	108	24	)	)	PUNCT
bjmsr-506	108	25	,	,	PUNCT
bjmsr-506	108	26	valuation	valuation	NOUN
bjmsr-506	108	27	theory	theory	NOUN
bjmsr-506	108	28	posits	posit	NOUN
bjmsr-506	108	29	that	that	SCONJ
bjmsr-506	108	30	the	the	DET
bjmsr-506	108	31	value	value	NOUN
bjmsr-506	108	32	of	of	ADP
bjmsr-506	108	33	a	a	DET
bjmsr-506	108	34	firm	firm	NOUN
bjmsr-506	108	35	is	be	AUX
bjmsr-506	108	36	the	the	DET
bjmsr-506	108	37	present	present	ADJ
bjmsr-506	108	38	value	value	NOUN
bjmsr-506	108	39	of	of	ADP
bjmsr-506	108	40	the	the	DET
bjmsr-506	108	41	expected	expect	VERB
bjmsr-506	108	42	future	future	ADJ
bjmsr-506	108	43	dividend	dividend	NOUN
bjmsr-506	108	44	.	.	PUNCT
bjmsr-506	109	1	furthermore	furthermore	ADV
bjmsr-506	109	2	,	,	PUNCT
bjmsr-506	109	3	by	by	ADP
bjmsr-506	109	4	imposing	impose	VERB
bjmsr-506	109	5	the	the	DET
bjmsr-506	109	6	clean	clean	ADJ
bjmsr-506	109	7	surplus	surplus	NOUN
bjmsr-506	109	8	relation	relation	NOUN
bjmsr-506	109	9	assumption	assumption	NOUN
bjmsr-506	109	10	,	,	PUNCT
bjmsr-506	109	11	the	the	DET
bjmsr-506	109	12	value	value	NOUN
bjmsr-506	109	13	of	of	ADP
bjmsr-506	109	14	a	a	DET
bjmsr-506	109	15	firm	firm	NOUN
bjmsr-506	109	16	is	be	AUX
bjmsr-506	109	17	measured	measure	VERB
bjmsr-506	109	18	as	as	ADP
bjmsr-506	109	19	the	the	DET
bjmsr-506	109	20	sum	sum	NOUN
bjmsr-506	109	21	of	of	ADP
bjmsr-506	109	22	the	the	DET
bjmsr-506	109	23	book	book	NOUN
bjmsr-506	109	24	value	value	NOUN
bjmsr-506	109	25	of	of	ADP
bjmsr-506	109	26	equity	equity	NOUN
bjmsr-506	109	27	and	and	CCONJ
bjmsr-506	109	28	present	present	ADJ
bjmsr-506	109	29	value	value	NOUN
bjmsr-506	109	30	of	of	ADP
bjmsr-506	109	31	future	future	ADJ
bjmsr-506	109	32	expected	expect	VERB
bjmsr-506	109	33	abnormal	abnormal	ADJ
bjmsr-506	109	34	earnings	earning	NOUN
bjmsr-506	109	35	;	;	PUNCT
bjmsr-506	109	36	where	where	SCONJ
bjmsr-506	109	37	abnormal	abnormal	ADJ
bjmsr-506	109	38	earning	earning	NOUN
bjmsr-506	109	39	is	be	AUX
bjmsr-506	109	40	the	the	DET
bjmsr-506	109	41	difference	difference	NOUN
bjmsr-506	109	42	between	between	ADP
bjmsr-506	109	43	current	current	ADJ
bjmsr-506	109	44	earnings	earning	NOUN
bjmsr-506	109	45	and	and	CCONJ
bjmsr-506	109	46	a	a	DET
bjmsr-506	109	47	capital	capital	NOUN
bjmsr-506	109	48	charge	charge	NOUN
bjmsr-506	109	49	.	.	PUNCT
bjmsr-506	110	1	the	the	DET
bjmsr-506	110	2	capital	capital	NOUN
bjmsr-506	110	3	charge	charge	NOUN
bjmsr-506	110	4	is	be	AUX
bjmsr-506	110	5	measured	measure	VERB
bjmsr-506	110	6	as	as	ADP
bjmsr-506	110	7	book	book	NOUN
bjmsr-506	110	8	value	value	NOUN
bjmsr-506	110	9	of	of	ADP
bjmsr-506	110	10	equity	equity	NOUN
bjmsr-506	110	11	at	at	ADP
bjmsr-506	110	12	the	the	DET
bjmsr-506	110	13	beginning	beginning	NOUN
bjmsr-506	110	14	multiplied	multiply	VERB
bjmsr-506	110	15	by	by	ADP
bjmsr-506	110	16	discount	discount	NOUN
bjmsr-506	110	17	rate	rate	NOUN
bjmsr-506	110	18	.	.	PUNCT
bjmsr-506	111	1	the	the	DET
bjmsr-506	111	2	clean	clean	ADJ
bjmsr-506	111	3	surplus	surplus	NOUN
bjmsr-506	111	4	relation	relation	NOUN
bjmsr-506	111	5	assumption	assumption	NOUN
bjmsr-506	111	6	stipulates	stipulate	VERB
bjmsr-506	111	7	that	that	SCONJ
bjmsr-506	111	8	change	change	NOUN
bjmsr-506	111	9	in	in	ADP
bjmsr-506	111	10	the	the	DET
bjmsr-506	111	11	book	book	NOUN
bjmsr-506	111	12	value	value	NOUN
bjmsr-506	111	13	of	of	ADP
bjmsr-506	111	14	equity	equity	NOUN
bjmsr-506	111	15	is	be	AUX
bjmsr-506	111	16	equal	equal	ADJ
bjmsr-506	111	17	to	to	ADP
bjmsr-506	111	18	current	current	ADJ
bjmsr-506	111	19	earnings	earning	NOUN
bjmsr-506	111	20	minus	minus	CCONJ
bjmsr-506	111	21	dividend	dividend	NOUN
bjmsr-506	111	22	.	.	PUNCT
bjmsr-506	112	1	ohlson	ohlson	NOUN
bjmsr-506	112	2	(	(	PUNCT
bjmsr-506	112	3	1995	1995	NUM
bjmsr-506	112	4	)	)	PUNCT
bjmsr-506	112	5	made	make	VERB
bjmsr-506	112	6	another	another	DET
bjmsr-506	112	7	assumption	assumption	NOUN
bjmsr-506	112	8	by	by	ADP
bjmsr-506	112	9	imposing	impose	VERB
bjmsr-506	112	10	an	an	DET
bjmsr-506	112	11	auto	auto	NOUN
bjmsr-506	112	12	-	-	PUNCT
bjmsr-506	112	13	regressive	regressive	ADJ
bjmsr-506	112	14	behavior	behavior	NOUN
bjmsr-506	112	15	on	on	ADP
bjmsr-506	112	16	abnormal	abnormal	ADJ
bjmsr-506	112	17	earnings	earning	NOUN
bjmsr-506	112	18	.	.	PUNCT
bjmsr-506	113	1	this	this	DET
bjmsr-506	113	2	last	last	ADJ
bjmsr-506	113	3	assumption	assumption	NOUN
bjmsr-506	113	4	introduces	introduce	VERB
bjmsr-506	113	5	the	the	DET
bjmsr-506	113	6	persistence	persistence	NOUN
bjmsr-506	113	7	parameter	parameter	NOUN
bjmsr-506	113	8	and	and	CCONJ
bjmsr-506	113	9	consequently	consequently	ADV
bjmsr-506	113	10	earning	earn	VERB
bjmsr-506	113	11	predictability	predictability	NOUN
bjmsr-506	113	12	into	into	ADP
bjmsr-506	113	13	valuation	valuation	NOUN
bjmsr-506	113	14	model	model	NOUN
bjmsr-506	113	15	.	.	PUNCT
bjmsr-506	114	1	therefore	therefore	ADV
bjmsr-506	114	2	,	,	PUNCT
bjmsr-506	114	3	from	from	ADP
bjmsr-506	114	4	equity	equity	NOUN
bjmsr-506	114	5	valuation	valuation	PROPN
bjmsr-506	114	6	perspective	perspective	PROPN
bjmsr-506	114	7	,	,	PUNCT
bjmsr-506	114	8	predictability	predictability	NOUN
bjmsr-506	114	9	is	be	AUX
bjmsr-506	114	10	a	a	DET
bjmsr-506	114	11	key	key	ADJ
bjmsr-506	114	12	determinant	determinant	NOUN
bjmsr-506	114	13	of	of	ADP
bjmsr-506	114	14	how	how	SCONJ
bjmsr-506	114	15	well	well	ADV
bjmsr-506	114	16	earnings	earning	NOUN
bjmsr-506	114	17	information	information	NOUN
bjmsr-506	114	18	can	can	AUX
bjmsr-506	114	19	be	be	AUX
bjmsr-506	114	20	used	use	VERB
bjmsr-506	114	21	to	to	PART
bjmsr-506	114	22	value	value	NOUN
bjmsr-506	114	23	firms	firm	NOUN
bjmsr-506	114	24	(	(	PUNCT
bjmsr-506	114	25	ohlson	ohlson	NOUN
bjmsr-506	114	26	,	,	PUNCT
bjmsr-506	114	27	1995	1995	NUM
bjmsr-506	114	28	;	;	PUNCT
bjmsr-506	114	29	dechow	dechow	ADJ
bjmsr-506	114	30	et	et	PROPN
bjmsr-506	114	31	al	al	PROPN
bjmsr-506	114	32	.	.	PROPN
bjmsr-506	114	33	,	,	PUNCT
bjmsr-506	114	34	2010	2010	NUM
bjmsr-506	114	35	;	;	PUNCT
bjmsr-506	114	36	luttman	luttman	NOUN
bjmsr-506	114	37	&	&	CCONJ
bjmsr-506	114	38	silhan	silhan	PROPN
bjmsr-506	114	39	,	,	PUNCT
bjmsr-506	114	40	2011	2011	NUM
bjmsr-506	114	41	)	)	PUNCT
bjmsr-506	114	42	.	.	PUNCT
bjmsr-506	115	1	share	share	NOUN
bjmsr-506	115	2	price	price	NOUN
bjmsr-506	115	3	reacts	react	NOUN
bjmsr-506	115	4	to	to	ADP
bjmsr-506	115	5	earnings	earning	NOUN
bjmsr-506	115	6	information	information	NOUN
bjmsr-506	115	7	,	,	PUNCT
bjmsr-506	115	8	precisely	precisely	ADV
bjmsr-506	115	9	the	the	DET
bjmsr-506	115	10	earnings	earning	NOUN
bjmsr-506	115	11	power	power	NOUN
bjmsr-506	115	12	(	(	PUNCT
bjmsr-506	115	13	graham	graham	PROPN
bjmsr-506	115	14	&	&	CCONJ
bjmsr-506	115	15	dodd	dodd	PROPN
bjmsr-506	115	16	,	,	PUNCT
bjmsr-506	115	17	2009	2009	NUM
bjmsr-506	115	18	)	)	PUNCT
bjmsr-506	115	19	.	.	PUNCT
bjmsr-506	116	1	lipe	lipe	PROPN
bjmsr-506	116	2	(	(	PUNCT
bjmsr-506	116	3	1990	1990	NUM
bjmsr-506	116	4	)	)	PUNCT
bjmsr-506	116	5	demonstrated	demonstrate	VERB
bjmsr-506	116	6	that	that	SCONJ
bjmsr-506	116	7	the	the	DET
bjmsr-506	116	8	earnings	earning	NOUN
bjmsr-506	116	9	response	response	NOUN
bjmsr-506	116	10	coefficient	coefficient	NOUN
bjmsr-506	116	11	(	(	PUNCT
bjmsr-506	116	12	erc	erc	PROPN
bjmsr-506	116	13	)	)	PUNCT
bjmsr-506	116	14	has	have	VERB
bjmsr-506	116	15	positive	positive	ADJ
bjmsr-506	116	16	link	link	NOUN
bjmsr-506	116	17	with	with	ADP
bjmsr-506	116	18	earnings	earning	NOUN
bjmsr-506	116	19	persistence	persistence	NOUN
bjmsr-506	116	20	and	and	CCONJ
bjmsr-506	116	21	predictability	predictability	NOUN
bjmsr-506	116	22	.	.	PUNCT
bjmsr-506	117	1	it	it	PRON
bjmsr-506	117	2	means	mean	VERB
bjmsr-506	117	3	that	that	SCONJ
bjmsr-506	117	4	revision	revision	NOUN
bjmsr-506	117	5	of	of	ADP
bjmsr-506	117	6	expectation	expectation	NOUN
bjmsr-506	117	7	by	by	ADP
bjmsr-506	117	8	the	the	DET
bjmsr-506	117	9	market	market	NOUN
bjmsr-506	117	10	in	in	ADP
bjmsr-506	117	11	response	response	NOUN
bjmsr-506	117	12	to	to	ADP
bjmsr-506	117	13	earnings	earning	NOUN
bjmsr-506	117	14	information	information	NOUN
bjmsr-506	117	15	is	be	AUX
bjmsr-506	117	16	an	an	DET
bjmsr-506	117	17	increasing	increase	VERB
bjmsr-506	117	18	function	function	NOUN
bjmsr-506	117	19	of	of	ADP
bjmsr-506	117	20	earnings	earning	NOUN
bjmsr-506	117	21	persistence	persistence	NOUN
bjmsr-506	117	22	and	and	CCONJ
bjmsr-506	117	23	predictability	predictability	NOUN
bjmsr-506	117	24	.	.	PUNCT
bjmsr-506	118	1	the	the	DET
bjmsr-506	118	2	earnings	earning	NOUN
bjmsr-506	118	3	response	response	NOUN
bjmsr-506	118	4	coefficient	coefficient	NOUN
bjmsr-506	118	5	(	(	PUNCT
bjmsr-506	118	6	erc	erc	NOUN
bjmsr-506	118	7	)	)	PUNCT
bjmsr-506	118	8	measures	measure	VERB
bjmsr-506	118	9	the	the	DET
bjmsr-506	118	10	responsiveness	responsiveness	NOUN
bjmsr-506	118	11	of	of	ADP
bjmsr-506	118	12	investors	investor	NOUN
bjmsr-506	118	13	to	to	ADP
bjmsr-506	118	14	earnings	earning	NOUN
bjmsr-506	118	15	information	information	NOUN
bjmsr-506	118	16	(	(	PUNCT
bjmsr-506	118	17	dechow	dechow	X
bjmsr-506	118	18	et	et	PROPN
bjmsr-506	118	19	al	al	PROPN
bjmsr-506	118	20	.	.	PROPN
bjmsr-506	118	21	,	,	PUNCT
bjmsr-506	118	22	2010	2010	NUM
bjmsr-506	118	23	;	;	PUNCT
bjmsr-506	118	24	collins	collins	PROPN
bjmsr-506	118	25	&	&	CCONJ
bjmsr-506	118	26	copyright	copyright	PROPN
bjmsr-506	119	1	©	©	PROPN
bjmsr-506	119	2	cc	cc	PROPN
bjmsr-506	119	3	-	-	PUNCT
bjmsr-506	119	4	by	by	ADP
bjmsr-506	119	5	-	-	PUNCT
bjmsr-506	119	6	nc	nc	PROPN
bjmsr-506	119	7	2020	2020	NUM
bjmsr-506	119	8	,	,	PUNCT
bjmsr-506	119	9	cribfb	cribfb	PROPN
bjmsr-506	119	10	|bjmsr	|bjmsr	PROPN
bjmsr-506	119	11	www.cribfb.com/journal/index.php/bjmsr	www.cribfb.com/journal/index.php/bjmsr	X
bjmsr-506	119	12	bangladesh	bangladesh	PROPN
bjmsr-506	119	13	journal	journal	PROPN
bjmsr-506	119	14	of	of	ADP
bjmsr-506	119	15	multidisciplinary	multidisciplinary	ADJ
bjmsr-506	119	16	scientific	scientific	ADJ
bjmsr-506	119	17	research	research	NOUN
bjmsr-506	119	18	vol	vol	NOUN
bjmsr-506	119	19	.	.	PROPN
bjmsr-506	120	1	2	2	NUM
bjmsr-506	120	2	,	,	PUNCT
bjmsr-506	120	3	no	no	INTJ
bjmsr-506	120	4	.	.	NOUN
bjmsr-506	120	5	1	1	NUM
bjmsr-506	120	6	;	;	PUNCT
bjmsr-506	120	7	2020	2020	NUM
bjmsr-506	120	8	26	26	NUM
bjmsr-506	120	9	kothari	kothari	NOUN
bjmsr-506	120	10	,	,	PUNCT
bjmsr-506	120	11	1989	1989	NUM
bjmsr-506	120	12	)	)	PUNCT
bjmsr-506	120	13	.	.	PUNCT
bjmsr-506	121	1	this	this	PRON
bjmsr-506	121	2	is	be	AUX
bjmsr-506	121	3	because	because	SCONJ
bjmsr-506	121	4	investors	investor	NOUN
bjmsr-506	121	5	are	be	AUX
bjmsr-506	121	6	mostly	mostly	ADV
bjmsr-506	121	7	concerned	concerned	ADJ
bjmsr-506	121	8	with	with	ADP
bjmsr-506	121	9	the	the	DET
bjmsr-506	121	10	current	current	ADJ
bjmsr-506	121	11	position	position	NOUN
bjmsr-506	121	12	of	of	ADP
bjmsr-506	121	13	an	an	DET
bjmsr-506	121	14	organization	organization	NOUN
bjmsr-506	121	15	and	and	CCONJ
bjmsr-506	121	16	equally	equally	ADV
bjmsr-506	121	17	the	the	DET
bjmsr-506	121	18	future	future	ADJ
bjmsr-506	121	19	prospects	prospect	NOUN
bjmsr-506	121	20	of	of	ADP
bjmsr-506	121	21	the	the	DET
bjmsr-506	121	22	organization	organization	NOUN
bjmsr-506	121	23	.	.	PUNCT
bjmsr-506	122	1	however	however	ADV
bjmsr-506	122	2	,	,	PUNCT
bjmsr-506	122	3	in	in	ADP
bjmsr-506	122	4	a	a	DET
bjmsr-506	122	5	situation	situation	NOUN
bjmsr-506	122	6	where	where	SCONJ
bjmsr-506	122	7	future	future	ADJ
bjmsr-506	122	8	earnings	earning	NOUN
bjmsr-506	122	9	are	be	AUX
bjmsr-506	122	10	uncertain	uncertain	ADJ
bjmsr-506	122	11	,	,	PUNCT
bjmsr-506	122	12	it	it	PRON
bjmsr-506	122	13	becomes	become	VERB
bjmsr-506	122	14	difficult	difficult	ADJ
bjmsr-506	122	15	to	to	PART
bjmsr-506	122	16	value	value	VERB
bjmsr-506	122	17	the	the	DET
bjmsr-506	122	18	security	security	NOUN
bjmsr-506	122	19	of	of	ADP
bjmsr-506	122	20	a	a	DET
bjmsr-506	122	21	firm	firm	NOUN
bjmsr-506	122	22	.	.	PUNCT
bjmsr-506	123	1	if	if	SCONJ
bjmsr-506	123	2	earnings	earning	NOUN
bjmsr-506	123	3	are	be	AUX
bjmsr-506	123	4	not	not	PART
bjmsr-506	123	5	predictable	predictable	ADJ
bjmsr-506	123	6	,	,	PUNCT
bjmsr-506	123	7	it	it	PRON
bjmsr-506	123	8	becomes	become	VERB
bjmsr-506	123	9	difficult	difficult	ADJ
bjmsr-506	123	10	for	for	SCONJ
bjmsr-506	123	11	investors	investor	NOUN
bjmsr-506	123	12	to	to	PART
bjmsr-506	123	13	determine	determine	VERB
bjmsr-506	123	14	the	the	DET
bjmsr-506	123	15	earnings	earning	NOUN
bjmsr-506	123	16	power	power	NOUN
bjmsr-506	123	17	of	of	ADP
bjmsr-506	123	18	the	the	DET
bjmsr-506	123	19	security	security	NOUN
bjmsr-506	123	20	;	;	PUNCT
bjmsr-506	123	21	hence	hence	ADV
bjmsr-506	123	22	,	,	PUNCT
bjmsr-506	123	23	investors	investor	NOUN
bjmsr-506	123	24	can	can	AUX
bjmsr-506	123	25	not	not	PART
bjmsr-506	123	26	know	know	VERB
bjmsr-506	123	27	whether	whether	SCONJ
bjmsr-506	123	28	to	to	PART
bjmsr-506	123	29	buy	buy	VERB
bjmsr-506	123	30	,	,	PUNCT
bjmsr-506	123	31	sell	sell	VERB
bjmsr-506	123	32	,	,	PUNCT
bjmsr-506	123	33	or	or	CCONJ
bjmsr-506	123	34	hold	hold	VERB
bjmsr-506	123	35	the	the	DET
bjmsr-506	123	36	security	security	NOUN
bjmsr-506	123	37	of	of	ADP
bjmsr-506	123	38	the	the	DET
bjmsr-506	123	39	firm	firm	NOUN
bjmsr-506	123	40	.	.	PUNCT
bjmsr-506	124	1	consequently	consequently	ADV
bjmsr-506	124	2	,	,	PUNCT
bjmsr-506	124	3	the	the	DET
bjmsr-506	124	4	market	market	NOUN
bjmsr-506	124	5	tends	tend	VERB
bjmsr-506	124	6	to	to	PART
bjmsr-506	124	7	revise	revise	VERB
bjmsr-506	124	8	downward	downward	ADV
bjmsr-506	124	9	its	its	PRON
bjmsr-506	124	10	expectation	expectation	NOUN
bjmsr-506	124	11	about	about	ADP
bjmsr-506	124	12	the	the	DET
bjmsr-506	124	13	future	future	NOUN
bjmsr-506	124	14	expected	expect	VERB
bjmsr-506	124	15	net	net	ADJ
bjmsr-506	124	16	cash	cash	NOUN
bjmsr-506	124	17	inflow	inflow	NOUN
bjmsr-506	124	18	of	of	ADP
bjmsr-506	124	19	such	such	ADJ
bjmsr-506	124	20	firms	firm	NOUN
bjmsr-506	124	21	.	.	PUNCT
bjmsr-506	125	1	this	this	PRON
bjmsr-506	125	2	has	have	VERB
bjmsr-506	125	3	many	many	ADJ
bjmsr-506	125	4	implications	implication	NOUN
bjmsr-506	125	5	for	for	ADP
bjmsr-506	125	6	the	the	DET
bjmsr-506	125	7	firm	firm	NOUN
bjmsr-506	125	8	.	.	PUNCT
bjmsr-506	126	1	firstly	firstly	ADV
bjmsr-506	126	2	,	,	PUNCT
bjmsr-506	126	3	the	the	DET
bjmsr-506	126	4	cost	cost	NOUN
bjmsr-506	126	5	of	of	ADP
bjmsr-506	126	6	capital	capital	NOUN
bjmsr-506	126	7	which	which	PRON
bjmsr-506	126	8	is	be	AUX
bjmsr-506	126	9	the	the	DET
bjmsr-506	126	10	expected	expect	VERB
bjmsr-506	126	11	return	return	NOUN
bjmsr-506	126	12	on	on	ADP
bjmsr-506	126	13	investments	investment	NOUN
bjmsr-506	126	14	by	by	ADP
bjmsr-506	126	15	provider	provider	NOUN
bjmsr-506	126	16	of	of	ADP
bjmsr-506	126	17	capital	capital	NOUN
bjmsr-506	126	18	to	to	ADP
bjmsr-506	126	19	the	the	DET
bjmsr-506	126	20	firm	firm	NOUN
bjmsr-506	126	21	would	would	AUX
bjmsr-506	126	22	be	be	AUX
bjmsr-506	126	23	high	high	ADJ
bjmsr-506	126	24	.	.	PUNCT
bjmsr-506	127	1	this	this	DET
bjmsr-506	127	2	high	high	ADJ
bjmsr-506	127	3	cost	cost	NOUN
bjmsr-506	127	4	of	of	ADP
bjmsr-506	127	5	capital	capital	NOUN
bjmsr-506	127	6	is	be	AUX
bjmsr-506	127	7	to	to	PART
bjmsr-506	127	8	cater	cater	VERB
bjmsr-506	127	9	for	for	ADP
bjmsr-506	127	10	the	the	DET
bjmsr-506	127	11	risk	risk	NOUN
bjmsr-506	127	12	of	of	ADP
bjmsr-506	127	13	investing	invest	VERB
bjmsr-506	127	14	in	in	ADP
bjmsr-506	127	15	a	a	DET
bjmsr-506	127	16	stock	stock	NOUN
bjmsr-506	127	17	whose	whose	DET
bjmsr-506	127	18	future	future	ADJ
bjmsr-506	127	19	net	net	ADJ
bjmsr-506	127	20	cash	cash	NOUN
bjmsr-506	127	21	inflow	inflow	NOUN
bjmsr-506	127	22	is	be	AUX
bjmsr-506	127	23	uncertain	uncertain	ADJ
bjmsr-506	127	24	(	(	PUNCT
bjmsr-506	127	25	unpredictable	unpredictable	ADJ
bjmsr-506	127	26	)	)	PUNCT
bjmsr-506	127	27	.	.	PUNCT
bjmsr-506	128	1	secondly	secondly	ADV
bjmsr-506	128	2	,	,	PUNCT
bjmsr-506	128	3	when	when	SCONJ
bjmsr-506	128	4	the	the	DET
bjmsr-506	128	5	market	market	NOUN
bjmsr-506	128	6	writes	write	VERB
bjmsr-506	128	7	downward	downward	ADV
bjmsr-506	128	8	its	its	PRON
bjmsr-506	128	9	expectation	expectation	NOUN
bjmsr-506	128	10	about	about	ADP
bjmsr-506	128	11	the	the	DET
bjmsr-506	128	12	future	future	ADJ
bjmsr-506	128	13	prospect	prospect	NOUN
bjmsr-506	128	14	of	of	ADP
bjmsr-506	128	15	a	a	DET
bjmsr-506	128	16	firm	firm	NOUN
bjmsr-506	128	17	,	,	PUNCT
bjmsr-506	128	18	the	the	DET
bjmsr-506	128	19	share	share	NOUN
bjmsr-506	128	20	price	price	NOUN
bjmsr-506	128	21	of	of	ADP
bjmsr-506	128	22	such	such	ADJ
bjmsr-506	128	23	firm	firm	NOUN
bjmsr-506	128	24	is	be	AUX
bjmsr-506	128	25	priced	price	VERB
bjmsr-506	128	26	low	low	ADV
bjmsr-506	128	27	by	by	ADP
bjmsr-506	128	28	the	the	DET
bjmsr-506	128	29	market	market	NOUN
bjmsr-506	128	30	.	.	PUNCT
bjmsr-506	129	1	if	if	SCONJ
bjmsr-506	129	2	such	such	ADJ
bjmsr-506	129	3	situation	situation	NOUN
bjmsr-506	129	4	is	be	AUX
bjmsr-506	129	5	not	not	PART
bjmsr-506	129	6	addressed	address	VERB
bjmsr-506	129	7	,	,	PUNCT
bjmsr-506	129	8	after	after	ADP
bjmsr-506	129	9	some	some	DET
bjmsr-506	129	10	time	time	NOUN
bjmsr-506	129	11	it	it	PRON
bjmsr-506	129	12	may	may	AUX
bjmsr-506	129	13	lead	lead	VERB
bjmsr-506	129	14	to	to	ADP
bjmsr-506	129	15	a	a	DET
bjmsr-506	129	16	take	take	VERB
bjmsr-506	129	17	-	-	PUNCT
bjmsr-506	129	18	over	over	ADP
bjmsr-506	129	19	bid	bid	NOUN
bjmsr-506	129	20	by	by	ADP
bjmsr-506	129	21	a	a	DET
bjmsr-506	129	22	healthier	healthy	ADJ
bjmsr-506	129	23	company	company	NOUN
bjmsr-506	129	24	.	.	PUNCT
bjmsr-506	130	1	another	another	DET
bjmsr-506	130	2	consequence	consequence	NOUN
bjmsr-506	130	3	of	of	ADP
bjmsr-506	130	4	earnings	earning	NOUN
bjmsr-506	130	5	unpredictability	unpredictability	NOUN
bjmsr-506	130	6	is	be	AUX
bjmsr-506	130	7	that	that	SCONJ
bjmsr-506	130	8	such	such	ADJ
bjmsr-506	130	9	firm	firm	NOUN
bjmsr-506	130	10	may	may	AUX
bjmsr-506	130	11	find	find	VERB
bjmsr-506	130	12	it	it	PRON
bjmsr-506	130	13	difficult	difficult	ADJ
bjmsr-506	130	14	to	to	PART
bjmsr-506	130	15	source	source	VERB
bjmsr-506	130	16	for	for	ADP
bjmsr-506	130	17	external	external	ADJ
bjmsr-506	130	18	finance	finance	NOUN
bjmsr-506	130	19	(	(	PUNCT
bjmsr-506	130	20	hasan	hasan	PROPN
bjmsr-506	130	21	,	,	PUNCT
bjmsr-506	130	22	park	park	PROPN
bjmsr-506	130	23	&	&	CCONJ
bjmsr-506	130	24	wu	wu	PROPN
bjmsr-506	130	25	,	,	PUNCT
bjmsr-506	130	26	2012	2012	NUM
bjmsr-506	130	27	)	)	PUNCT
bjmsr-506	130	28	.	.	PUNCT
bjmsr-506	131	1	this	this	PRON
bjmsr-506	131	2	is	be	AUX
bjmsr-506	131	3	because	because	SCONJ
bjmsr-506	131	4	lenders	lender	NOUN
bjmsr-506	131	5	would	would	AUX
bjmsr-506	131	6	find	find	VERB
bjmsr-506	131	7	it	it	PRON
bjmsr-506	131	8	difficult	difficult	ADJ
bjmsr-506	131	9	to	to	PART
bjmsr-506	131	10	predict	predict	VERB
bjmsr-506	131	11	the	the	DET
bjmsr-506	131	12	ability	ability	NOUN
bjmsr-506	131	13	of	of	ADP
bjmsr-506	131	14	such	such	ADJ
bjmsr-506	131	15	firm	firm	NOUN
bjmsr-506	131	16	to	to	PART
bjmsr-506	131	17	redeem	redeem	VERB
bjmsr-506	131	18	loans	loan	NOUN
bjmsr-506	131	19	or	or	CCONJ
bjmsr-506	131	20	any	any	DET
bjmsr-506	131	21	other	other	ADJ
bjmsr-506	131	22	facility	facility	NOUN
bjmsr-506	131	23	;	;	PUNCT
bjmsr-506	131	24	and	and	CCONJ
bjmsr-506	131	25	a	a	DET
bjmsr-506	131	26	result	result	NOUN
bjmsr-506	131	27	they	they	PRON
bjmsr-506	131	28	would	would	AUX
bjmsr-506	131	29	be	be	AUX
bjmsr-506	131	30	unwilling	unwilling	ADJ
bjmsr-506	131	31	to	to	PART
bjmsr-506	131	32	give	give	VERB
bjmsr-506	131	33	out	out	ADP
bjmsr-506	131	34	facility	facility	NOUN
bjmsr-506	131	35	to	to	ADP
bjmsr-506	131	36	the	the	DET
bjmsr-506	131	37	firm	firm	NOUN
bjmsr-506	131	38	.	.	PUNCT
bjmsr-506	132	1	random	random	ADJ
bjmsr-506	132	2	walk	walk	NOUN
bjmsr-506	132	3	theory	theory	NOUN
bjmsr-506	132	4	in	in	ADP
bjmsr-506	132	5	other	other	ADJ
bjmsr-506	132	6	to	to	PART
bjmsr-506	132	7	specify	specify	VERB
bjmsr-506	132	8	the	the	DET
bjmsr-506	132	9	empirical	empirical	ADJ
bjmsr-506	132	10	model	model	NOUN
bjmsr-506	132	11	of	of	ADP
bjmsr-506	132	12	this	this	DET
bjmsr-506	132	13	study	study	NOUN
bjmsr-506	132	14	,	,	PUNCT
bjmsr-506	132	15	the	the	DET
bjmsr-506	132	16	random	random	ADJ
bjmsr-506	132	17	walk	walk	NOUN
bjmsr-506	132	18	theory	theory	NOUN
bjmsr-506	132	19	is	be	AUX
bjmsr-506	132	20	applied	apply	VERB
bjmsr-506	132	21	.	.	PUNCT
bjmsr-506	133	1	the	the	DET
bjmsr-506	133	2	theory	theory	NOUN
bjmsr-506	133	3	stipulates	stipulate	VERB
bjmsr-506	133	4	that	that	SCONJ
bjmsr-506	133	5	the	the	DET
bjmsr-506	133	6	successive	successive	ADJ
bjmsr-506	133	7	price	price	NOUN
bjmsr-506	133	8	changes	change	NOUN
bjmsr-506	133	9	in	in	ADP
bjmsr-506	133	10	security	security	NOUN
bjmsr-506	133	11	prices	price	NOUN
bjmsr-506	133	12	is	be	AUX
bjmsr-506	133	13	not	not	PART
bjmsr-506	133	14	dependent	dependent	ADJ
bjmsr-506	133	15	;	;	PUNCT
bjmsr-506	133	16	making	make	VERB
bjmsr-506	133	17	it	it	PRON
bjmsr-506	133	18	difficult	difficult	ADJ
bjmsr-506	133	19	to	to	PART
bjmsr-506	133	20	predict	predict	VERB
bjmsr-506	133	21	future	future	ADJ
bjmsr-506	133	22	price	price	NOUN
bjmsr-506	133	23	of	of	ADP
bjmsr-506	133	24	security	security	NOUN
bjmsr-506	133	25	.	.	PUNCT
bjmsr-506	134	1	those	those	PRON
bjmsr-506	134	2	who	who	PRON
bjmsr-506	134	3	attempt	attempt	VERB
bjmsr-506	134	4	to	to	PART
bjmsr-506	134	5	predict	predict	VERB
bjmsr-506	134	6	future	future	ADJ
bjmsr-506	134	7	price	price	NOUN
bjmsr-506	134	8	of	of	ADP
bjmsr-506	134	9	security	security	NOUN
bjmsr-506	134	10	using	use	VERB
bjmsr-506	134	11	past	past	ADJ
bjmsr-506	134	12	observations	observation	NOUN
bjmsr-506	134	13	believe	believe	VERB
bjmsr-506	134	14	that	that	SCONJ
bjmsr-506	134	15	history	history	NOUN
bjmsr-506	134	16	has	have	VERB
bjmsr-506	134	17	a	a	DET
bjmsr-506	134	18	way	way	NOUN
bjmsr-506	134	19	of	of	ADP
bjmsr-506	134	20	repeating	repeat	VERB
bjmsr-506	134	21	itself	itself	PRON
bjmsr-506	134	22	.	.	PUNCT
bjmsr-506	135	1	it	it	PRON
bjmsr-506	135	2	is	be	AUX
bjmsr-506	135	3	believed	believe	VERB
bjmsr-506	135	4	that	that	SCONJ
bjmsr-506	135	5	if	if	SCONJ
bjmsr-506	135	6	an	an	DET
bjmsr-506	135	7	intelligent	intelligent	ADJ
bjmsr-506	135	8	person	person	NOUN
bjmsr-506	135	9	understands	understand	VERB
bjmsr-506	135	10	the	the	DET
bjmsr-506	135	11	pattern	pattern	NOUN
bjmsr-506	135	12	of	of	ADP
bjmsr-506	135	13	past	past	ADJ
bjmsr-506	135	14	behavior	behavior	NOUN
bjmsr-506	135	15	of	of	ADP
bjmsr-506	135	16	security	security	NOUN
bjmsr-506	135	17	prices	price	NOUN
bjmsr-506	135	18	,	,	PUNCT
bjmsr-506	135	19	and	and	CCONJ
bjmsr-506	135	20	volume	volume	NOUN
bjmsr-506	135	21	of	of	ADP
bjmsr-506	135	22	trading	trading	NOUN
bjmsr-506	135	23	,	,	PUNCT
bjmsr-506	135	24	he	he	PRON
bjmsr-506	135	25	could	could	AUX
bjmsr-506	135	26	possibly	possibly	ADV
bjmsr-506	135	27	predict	predict	VERB
bjmsr-506	135	28	tomorrow	tomorrow	NOUN
bjmsr-506	135	29	’s	’s	PART
bjmsr-506	135	30	price	price	NOUN
bjmsr-506	135	31	of	of	ADP
bjmsr-506	135	32	security	security	NOUN
bjmsr-506	135	33	.	.	PUNCT
bjmsr-506	136	1	those	those	PRON
bjmsr-506	136	2	who	who	PRON
bjmsr-506	136	3	hold	hold	VERB
bjmsr-506	136	4	this	this	DET
bjmsr-506	136	5	view	view	NOUN
bjmsr-506	136	6	are	be	AUX
bjmsr-506	136	7	usually	usually	ADV
bjmsr-506	136	8	referred	refer	VERB
bjmsr-506	136	9	to	to	ADP
bjmsr-506	136	10	as	as	ADP
bjmsr-506	136	11	technical	technical	ADJ
bjmsr-506	136	12	analysts	analyst	NOUN
bjmsr-506	136	13	.	.	PUNCT
bjmsr-506	137	1	in	in	ADP
bjmsr-506	137	2	contrast	contrast	NOUN
bjmsr-506	137	3	,	,	PUNCT
bjmsr-506	137	4	the	the	DET
bjmsr-506	137	5	advocates	advocate	NOUN
bjmsr-506	137	6	of	of	ADP
bjmsr-506	137	7	random	random	ADJ
bjmsr-506	137	8	walk	walk	NOUN
bjmsr-506	137	9	theory	theory	NOUN
bjmsr-506	137	10	state	state	NOUN
bjmsr-506	137	11	that	that	PRON
bjmsr-506	137	12	successive	successive	ADJ
bjmsr-506	137	13	changes	change	NOUN
bjmsr-506	137	14	in	in	ADP
bjmsr-506	137	15	security	security	NOUN
bjmsr-506	137	16	prices	price	NOUN
bjmsr-506	137	17	are	be	AUX
bjmsr-506	137	18	without	without	ADP
bjmsr-506	137	19	pattern	pattern	NOUN
bjmsr-506	137	20	;	;	PUNCT
bjmsr-506	137	21	hence	hence	ADV
bjmsr-506	137	22	,	,	PUNCT
bjmsr-506	137	23	it	it	PRON
bjmsr-506	137	24	is	be	AUX
bjmsr-506	137	25	impracticable	impracticable	ADJ
bjmsr-506	137	26	to	to	PART
bjmsr-506	137	27	predict	predict	VERB
bjmsr-506	137	28	security	security	NOUN
bjmsr-506	137	29	prices	price	NOUN
bjmsr-506	137	30	(	(	PUNCT
bjmsr-506	137	31	arewa	arewa	PROPN
bjmsr-506	137	32	&	&	CCONJ
bjmsr-506	137	33	nwakanma	nwakanma	NOUN
bjmsr-506	137	34	,	,	PUNCT
bjmsr-506	137	35	2014	2014	NUM
bjmsr-506	137	36	)	)	PUNCT
bjmsr-506	137	37	.	.	PUNCT
bjmsr-506	138	1	the	the	DET
bjmsr-506	138	2	empirical	empirical	ADJ
bjmsr-506	138	3	model	model	NOUN
bjmsr-506	138	4	of	of	ADP
bjmsr-506	138	5	a	a	DET
bjmsr-506	138	6	random	random	ADJ
bjmsr-506	138	7	walk	walk	NOUN
bjmsr-506	138	8	theory	theory	NOUN
bjmsr-506	138	9	according	accord	VERB
bjmsr-506	138	10	to	to	ADP
bjmsr-506	138	11	dupernex	dupernex	NOUN
bjmsr-506	138	12	(	(	PUNCT
bjmsr-506	138	13	2007	2007	NUM
bjmsr-506	138	14	)	)	PUNCT
bjmsr-506	138	15	can	can	AUX
bjmsr-506	138	16	be	be	AUX
bjmsr-506	138	17	stated	state	VERB
bjmsr-506	138	18	as	as	ADP
bjmsr-506	138	19	:	:	PUNCT
bjmsr-506	138	20	xt	xt	X
bjmsr-506	138	21	=	=	SYM
bjmsr-506	138	22	λ0	λ0	NOUN
bjmsr-506	138	23	+	+	CCONJ
bjmsr-506	138	24	xt-1	xt-1	PUNCT
bjmsr-506	138	25	+	+	CCONJ
bjmsr-506	138	26	γt	γt	VERB
bjmsr-506	138	27	where	where	SCONJ
bjmsr-506	138	28	xt	xt	PROPN
bjmsr-506	138	29	represents	represent	VERB
bjmsr-506	138	30	current	current	ADJ
bjmsr-506	138	31	year	year	NOUN
bjmsr-506	138	32	security	security	NOUN
bjmsr-506	138	33	price	price	NOUN
bjmsr-506	138	34	,	,	PUNCT
bjmsr-506	138	35	xit-1	xit-1	PUNCT
bjmsr-506	138	36	is	be	AUX
bjmsr-506	138	37	the	the	DET
bjmsr-506	138	38	previous	previous	ADJ
bjmsr-506	138	39	value	value	NOUN
bjmsr-506	138	40	of	of	ADP
bjmsr-506	138	41	security	security	NOUN
bjmsr-506	138	42	,	,	PUNCT
bjmsr-506	138	43	λ0	λ0	NOUN
bjmsr-506	138	44	,	,	PUNCT
bjmsr-506	138	45	is	be	AUX
bjmsr-506	138	46	a	a	DET
bjmsr-506	138	47	drift	drift	NOUN
bjmsr-506	138	48	component	component	NOUN
bjmsr-506	138	49	and	and	CCONJ
bjmsr-506	138	50	γt	γt	NOUN
bjmsr-506	138	51	is	be	AUX
bjmsr-506	138	52	the	the	DET
bjmsr-506	138	53	stochastic	stochastic	ADJ
bjmsr-506	138	54	error	error	NOUN
bjmsr-506	138	55	term	term	NOUN
bjmsr-506	138	56	which	which	PRON
bjmsr-506	138	57	is	be	AUX
bjmsr-506	138	58	identically	identically	ADV
bjmsr-506	138	59	independently	independently	ADV
bjmsr-506	138	60	distributed	distribute	VERB
bjmsr-506	138	61	.	.	PUNCT
bjmsr-506	139	1	therefore	therefore	ADV
bjmsr-506	139	2	,	,	PUNCT
bjmsr-506	139	3	for	for	ADP
bjmsr-506	139	4	the	the	DET
bjmsr-506	139	5	purpose	purpose	NOUN
bjmsr-506	139	6	of	of	ADP
bjmsr-506	139	7	empirical	empirical	ADJ
bjmsr-506	139	8	analysis	analysis	NOUN
bjmsr-506	139	9	relevant	relevant	ADJ
bjmsr-506	139	10	for	for	ADP
bjmsr-506	139	11	this	this	DET
bjmsr-506	139	12	work	work	NOUN
bjmsr-506	139	13	,	,	PUNCT
bjmsr-506	139	14	an	an	DET
bjmsr-506	139	15	auto	auto	NOUN
bjmsr-506	139	16	-	-	PUNCT
bjmsr-506	139	17	regressive	regressive	ADJ
bjmsr-506	139	18	of	of	ADP
bjmsr-506	139	19	order	order	NOUN
bjmsr-506	139	20	one	one	PRON
bjmsr-506	139	21	is	be	AUX
bjmsr-506	139	22	specified	specify	VERB
bjmsr-506	139	23	in	in	ADP
bjmsr-506	139	24	section	section	NOUN
bjmsr-506	139	25	three	three	NUM
bjmsr-506	139	26	of	of	ADP
bjmsr-506	139	27	this	this	DET
bjmsr-506	139	28	study	study	NOUN
bjmsr-506	139	29	.	.	PUNCT
bjmsr-506	140	1	empirical	empirical	ADJ
bjmsr-506	140	2	review	review	VERB
bjmsr-506	140	3	many	many	ADJ
bjmsr-506	140	4	research	research	NOUN
bjmsr-506	140	5	efforts	effort	NOUN
bjmsr-506	140	6	have	have	AUX
bjmsr-506	140	7	been	be	AUX
bjmsr-506	140	8	made	make	VERB
bjmsr-506	140	9	towards	towards	ADP
bjmsr-506	140	10	understanding	understanding	NOUN
bjmsr-506	140	11	and	and	CCONJ
bjmsr-506	140	12	describing	describe	VERB
bjmsr-506	140	13	the	the	DET
bjmsr-506	140	14	time	time	NOUN
bjmsr-506	140	15	series	series	NOUN
bjmsr-506	140	16	properties	property	NOUN
bjmsr-506	140	17	of	of	ADP
bjmsr-506	140	18	corporate	corporate	ADJ
bjmsr-506	140	19	earnings	earning	NOUN
bjmsr-506	140	20	for	for	ADP
bjmsr-506	140	21	decision	decision	NOUN
bjmsr-506	140	22	making	making	NOUN
bjmsr-506	140	23	,	,	PUNCT
bjmsr-506	140	24	depending	depend	VERB
bjmsr-506	140	25	on	on	ADP
bjmsr-506	140	26	the	the	DET
bjmsr-506	140	27	decision	decision	NOUN
bjmsr-506	140	28	objective	objective	NOUN
bjmsr-506	140	29	.	.	PUNCT
bjmsr-506	141	1	this	this	PRON
bjmsr-506	141	2	has	have	AUX
bjmsr-506	141	3	been	be	AUX
bjmsr-506	141	4	approached	approach	VERB
bjmsr-506	141	5	in	in	ADP
bjmsr-506	141	6	the	the	DET
bjmsr-506	141	7	literature	literature	NOUN
bjmsr-506	141	8	from	from	ADP
bjmsr-506	141	9	two	two	NUM
bjmsr-506	141	10	different	different	ADJ
bjmsr-506	141	11	points	point	NOUN
bjmsr-506	141	12	of	of	ADP
bjmsr-506	141	13	view	view	NOUN
bjmsr-506	141	14	.	.	PUNCT
bjmsr-506	142	1	the	the	DET
bjmsr-506	142	2	advocates	advocate	NOUN
bjmsr-506	142	3	of	of	ADP
bjmsr-506	142	4	the	the	DET
bjmsr-506	142	5	first	first	ADJ
bjmsr-506	142	6	approach	approach	NOUN
bjmsr-506	142	7	believe	believe	VERB
bjmsr-506	142	8	that	that	SCONJ
bjmsr-506	142	9	the	the	DET
bjmsr-506	142	10	behavior	behavior	NOUN
bjmsr-506	142	11	of	of	ADP
bjmsr-506	142	12	corporate	corporate	ADJ
bjmsr-506	142	13	earnings	earning	NOUN
bjmsr-506	142	14	can	can	AUX
bjmsr-506	142	15	be	be	AUX
bjmsr-506	142	16	understood	understand	VERB
bjmsr-506	142	17	by	by	ADP
bjmsr-506	142	18	modeling	model	VERB
bjmsr-506	142	19	the	the	DET
bjmsr-506	142	20	time	time	NOUN
bjmsr-506	142	21	series	series	PROPN
bjmsr-506	142	22	behavior	behavior	NOUN
bjmsr-506	142	23	of	of	ADP
bjmsr-506	142	24	past	past	ADJ
bjmsr-506	142	25	earnings	earning	NOUN
bjmsr-506	142	26	.	.	PUNCT
bjmsr-506	143	1	the	the	DET
bjmsr-506	143	2	objective	objective	NOUN
bjmsr-506	143	3	of	of	ADP
bjmsr-506	143	4	the	the	DET
bjmsr-506	143	5	approach	approach	NOUN
bjmsr-506	143	6	is	be	AUX
bjmsr-506	143	7	to	to	PART
bjmsr-506	143	8	extrapolate	extrapolate	VERB
bjmsr-506	143	9	/	/	SYM
bjmsr-506	143	10	forecast	forecast	NOUN
bjmsr-506	143	11	future	future	ADJ
bjmsr-506	143	12	earnings	earning	NOUN
bjmsr-506	143	13	by	by	ADP
bjmsr-506	143	14	developing	develop	VERB
bjmsr-506	143	15	univariate	univariate	ADJ
bjmsr-506	143	16	earnings	earning	NOUN
bjmsr-506	143	17	model	model	NOUN
bjmsr-506	143	18	using	use	VERB
bjmsr-506	143	19	past	past	ADJ
bjmsr-506	143	20	earnings	earning	NOUN
bjmsr-506	143	21	.	.	PUNCT
bjmsr-506	144	1	the	the	DET
bjmsr-506	144	2	technique	technique	NOUN
bjmsr-506	144	3	commonly	commonly	ADV
bjmsr-506	144	4	used	use	VERB
bjmsr-506	144	5	by	by	ADP
bjmsr-506	144	6	the	the	DET
bjmsr-506	144	7	proponents	proponent	NOUN
bjmsr-506	144	8	of	of	ADP
bjmsr-506	144	9	this	this	DET
bjmsr-506	144	10	approach	approach	NOUN
bjmsr-506	144	11	is	be	AUX
bjmsr-506	144	12	the	the	DET
bjmsr-506	144	13	autoregressive	autoregressive	ADJ
bjmsr-506	144	14	method	method	NOUN
bjmsr-506	144	15	,	,	PUNCT
bjmsr-506	144	16	ranging	range	VERB
bjmsr-506	144	17	from	from	ADP
bjmsr-506	144	18	auto	auto	NOUN
bjmsr-506	144	19	-	-	PUNCT
bjmsr-506	144	20	regressive	regressive	ADJ
bjmsr-506	144	21	model	model	NOUN
bjmsr-506	144	22	of	of	ADP
bjmsr-506	144	23	order	order	NOUN
bjmsr-506	144	24	one	one	NUM
bjmsr-506	144	25	ar	ar	NOUN
bjmsr-506	144	26	(	(	PUNCT
bjmsr-506	144	27	1	1	NUM
bjmsr-506	144	28	)	)	PUNCT
bjmsr-506	144	29	,	,	PUNCT
bjmsr-506	144	30	auto	auto	NOUN
bjmsr-506	144	31	-	-	PUNCT
bjmsr-506	144	32	regressive	regressive	ADJ
bjmsr-506	144	33	moving	move	VERB
bjmsr-506	144	34	average	average	ADJ
bjmsr-506	144	35	(	(	PUNCT
bjmsr-506	144	36	arma	arma	PROPN
bjmsr-506	144	37	)	)	PUNCT
bjmsr-506	144	38	,	,	PUNCT
bjmsr-506	144	39	to	to	ADP
bjmsr-506	144	40	the	the	DET
bjmsr-506	144	41	auto	auto	NOUN
bjmsr-506	144	42	-	-	PUNCT
bjmsr-506	144	43	regressive	regressive	ADJ
bjmsr-506	144	44	integrated	integrated	ADJ
bjmsr-506	144	45	moving	move	VERB
bjmsr-506	144	46	average	average	NOUN
bjmsr-506	144	47	(	(	PUNCT
bjmsr-506	144	48	arima	arima	PROPN
bjmsr-506	144	49	)	)	PUNCT
bjmsr-506	144	50	.	.	PUNCT
bjmsr-506	145	1	they	they	PRON
bjmsr-506	145	2	found	find	VERB
bjmsr-506	145	3	that	that	SCONJ
bjmsr-506	145	4	the	the	DET
bjmsr-506	145	5	behavior	behavior	NOUN
bjmsr-506	145	6	of	of	ADP
bjmsr-506	145	7	corporate	corporate	ADJ
bjmsr-506	145	8	earnings	earning	NOUN
bjmsr-506	145	9	is	be	AUX
bjmsr-506	145	10	similar	similar	ADJ
bjmsr-506	145	11	to	to	ADP
bjmsr-506	145	12	the	the	DET
bjmsr-506	145	13	random	random	ADJ
bjmsr-506	145	14	walk	walk	NOUN
bjmsr-506	145	15	process	process	NOUN
bjmsr-506	145	16	(	(	PUNCT
bjmsr-506	145	17	ball	ball	NOUN
bjmsr-506	145	18	&	&	CCONJ
bjmsr-506	145	19	watts	watts	PROPN
bjmsr-506	145	20	1972	1972	NUM
bjmsr-506	145	21	;	;	PUNCT
bjmsr-506	145	22	watts	watt	NOUN
bjmsr-506	145	23	and	and	CCONJ
bjmsr-506	145	24	leftwich	leftwich	PROPN
bjmsr-506	145	25	,	,	PUNCT
bjmsr-506	145	26	1977	1977	NUM
bjmsr-506	145	27	;	;	PUNCT
bjmsr-506	145	28	albrecht	albrecht	PROPN
bjmsr-506	145	29	,	,	PUNCT
bjmsr-506	145	30	lookabill	lookabill	NOUN
bjmsr-506	145	31	&	&	CCONJ
bjmsr-506	145	32	meckeown	meckeown	VERB
bjmsr-506	145	33	1977	1977	NUM
bjmsr-506	145	34	)	)	PUNCT
bjmsr-506	145	35	.	.	PUNCT
bjmsr-506	146	1	the	the	DET
bjmsr-506	146	2	primary	primary	ADJ
bjmsr-506	146	3	implication	implication	NOUN
bjmsr-506	146	4	of	of	ADP
bjmsr-506	146	5	these	these	DET
bjmsr-506	146	6	findings	finding	NOUN
bjmsr-506	146	7	is	be	AUX
bjmsr-506	146	8	that	that	SCONJ
bjmsr-506	146	9	corporate	corporate	ADJ
bjmsr-506	146	10	earnings	earning	NOUN
bjmsr-506	146	11	are	be	AUX
bjmsr-506	146	12	not	not	PART
bjmsr-506	146	13	predictable	predictable	ADJ
bjmsr-506	146	14	using	use	VERB
bjmsr-506	146	15	past	past	ADJ
bjmsr-506	146	16	earning	earn	VERB
bjmsr-506	146	17	.	.	PUNCT
bjmsr-506	147	1	this	this	DET
bjmsr-506	147	2	approach	approach	NOUN
bjmsr-506	147	3	to	to	ADP
bjmsr-506	147	4	earnings	earning	NOUN
bjmsr-506	147	5	predictability	predictability	NOUN
bjmsr-506	147	6	has	have	AUX
bjmsr-506	147	7	been	be	AUX
bjmsr-506	147	8	criticized	criticize	VERB
bjmsr-506	147	9	for	for	ADP
bjmsr-506	147	10	its	its	PRON
bjmsr-506	147	11	many	many	ADJ
bjmsr-506	147	12	limitations	limitation	NOUN
bjmsr-506	147	13	.	.	PUNCT
bjmsr-506	148	1	chant	chant	ADJ
bjmsr-506	148	2	(	(	PUNCT
bjmsr-506	148	3	1980	1980	NUM
bjmsr-506	148	4	)	)	PUNCT
bjmsr-506	148	5	claimed	claim	VERB
bjmsr-506	148	6	that	that	SCONJ
bjmsr-506	148	7	forecasting	forecasting	NOUN
bjmsr-506	148	8	of	of	ADP
bjmsr-506	148	9	earnings	earning	NOUN
bjmsr-506	148	10	using	use	VERB
bjmsr-506	148	11	its	its	PRON
bjmsr-506	148	12	past	past	ADJ
bjmsr-506	148	13	values	value	NOUN
bjmsr-506	148	14	alone	alone	ADV
bjmsr-506	148	15	is	be	AUX
bjmsr-506	148	16	not	not	PART
bjmsr-506	148	17	the	the	DET
bjmsr-506	148	18	best	good	ADJ
bjmsr-506	148	19	approach	approach	NOUN
bjmsr-506	148	20	to	to	PART
bjmsr-506	148	21	understand	understand	VERB
bjmsr-506	148	22	the	the	DET
bjmsr-506	148	23	predictability	predictability	NOUN
bjmsr-506	148	24	of	of	ADP
bjmsr-506	148	25	earnings	earning	NOUN
bjmsr-506	148	26	.	.	PUNCT
bjmsr-506	149	1	it	it	PRON
bjmsr-506	149	2	was	be	AUX
bjmsr-506	149	3	said	say	VERB
bjmsr-506	149	4	that	that	SCONJ
bjmsr-506	149	5	future	future	ADJ
bjmsr-506	149	6	earnings	earning	NOUN
bjmsr-506	149	7	can	can	AUX
bjmsr-506	149	8	not	not	PART
bjmsr-506	149	9	be	be	AUX
bjmsr-506	149	10	predicted	predict	VERB
bjmsr-506	149	11	in	in	ADP
bjmsr-506	149	12	isolation	isolation	NOUN
bjmsr-506	149	13	from	from	ADP
bjmsr-506	149	14	other	other	ADJ
bjmsr-506	149	15	economic	economic	ADJ
bjmsr-506	149	16	variables	variable	NOUN
bjmsr-506	149	17	or	or	CCONJ
bjmsr-506	149	18	information	information	NOUN
bjmsr-506	149	19	.	.	PUNCT
bjmsr-506	150	1	chant	chant	ADJ
bjmsr-506	150	2	(	(	PUNCT
bjmsr-506	150	3	1980	1980	NUM
bjmsr-506	150	4	)	)	PUNCT
bjmsr-506	150	5	designed	design	VERB
bjmsr-506	150	6	an	an	DET
bjmsr-506	150	7	alternative	alternative	ADJ
bjmsr-506	150	8	measure	measure	NOUN
bjmsr-506	150	9	of	of	ADP
bjmsr-506	150	10	earnings	earning	NOUN
bjmsr-506	150	11	predictability	predictability	NOUN
bjmsr-506	150	12	which	which	PRON
bjmsr-506	150	13	posits	posit	VERB
bjmsr-506	150	14	that	that	SCONJ
bjmsr-506	150	15	earnings	earning	NOUN
bjmsr-506	150	16	information	information	NOUN
bjmsr-506	150	17	is	be	AUX
bjmsr-506	150	18	a	a	DET
bjmsr-506	150	19	subset	subset	NOUN
bjmsr-506	150	20	of	of	ADP
bjmsr-506	150	21	the	the	DET
bjmsr-506	150	22	generality	generality	NOUN
bjmsr-506	150	23	of	of	ADP
bjmsr-506	150	24	public	public	ADJ
bjmsr-506	150	25	information	information	NOUN
bjmsr-506	150	26	.	.	PUNCT
bjmsr-506	151	1	more	more	ADV
bjmsr-506	151	2	so	so	ADV
bjmsr-506	151	3	,	,	PUNCT
bjmsr-506	151	4	it	it	PRON
bjmsr-506	151	5	is	be	AUX
bjmsr-506	151	6	believed	believe	VERB
bjmsr-506	151	7	that	that	SCONJ
bjmsr-506	151	8	earnings	earning	NOUN
bjmsr-506	151	9	are	be	AUX
bjmsr-506	151	10	economic	economic	ADJ
bjmsr-506	151	11	variables	variable	NOUN
bjmsr-506	151	12	that	that	PRON
bjmsr-506	151	13	easily	easily	ADV
bjmsr-506	151	14	interact	interact	VERB
bjmsr-506	151	15	with	with	ADP
bjmsr-506	151	16	other	other	ADJ
bjmsr-506	151	17	economic	economic	ADJ
bjmsr-506	151	18	variables	variable	NOUN
bjmsr-506	151	19	.	.	PUNCT
bjmsr-506	152	1	as	as	ADP
bjmsr-506	152	2	a	a	DET
bjmsr-506	152	3	result	result	NOUN
bjmsr-506	152	4	,	,	PUNCT
bjmsr-506	152	5	econometric	econometric	ADJ
bjmsr-506	152	6	model	model	NOUN
bjmsr-506	152	7	was	be	AUX
bjmsr-506	152	8	used	use	VERB
bjmsr-506	152	9	instead	instead	ADV
bjmsr-506	152	10	of	of	ADP
bjmsr-506	152	11	a	a	DET
bjmsr-506	152	12	univariate	univariate	ADJ
bjmsr-506	152	13	earnings	earning	NOUN
bjmsr-506	152	14	model	model	NOUN
bjmsr-506	152	15	.	.	PUNCT
bjmsr-506	153	1	in	in	ADP
bjmsr-506	153	2	this	this	DET
bjmsr-506	153	3	case	case	NOUN
bjmsr-506	153	4	,	,	PUNCT
bjmsr-506	153	5	a	a	DET
bjmsr-506	153	6	dependent	dependent	ADJ
bjmsr-506	153	7	variable	variable	NOUN
bjmsr-506	153	8	versus	versus	ADP
bjmsr-506	153	9	independents	independent	NOUN
bjmsr-506	153	10	variables	variable	NOUN
bjmsr-506	153	11	in	in	ADP
bjmsr-506	153	12	a	a	DET
bjmsr-506	153	13	regression	regression	NOUN
bjmsr-506	153	14	model	model	NOUN
bjmsr-506	153	15	was	be	AUX
bjmsr-506	153	16	used	use	VERB
bjmsr-506	153	17	.	.	PUNCT
bjmsr-506	154	1	this	this	DET
bjmsr-506	154	2	econometric	econometric	ADJ
bjmsr-506	154	3	regression	regression	NOUN
bjmsr-506	154	4	model	model	NOUN
bjmsr-506	154	5	allows	allow	VERB
bjmsr-506	154	6	for	for	ADP
bjmsr-506	154	7	the	the	DET
bjmsr-506	154	8	inclusion	inclusion	NOUN
bjmsr-506	154	9	of	of	ADP
bjmsr-506	154	10	past	past	ADJ
bjmsr-506	154	11	values	value	NOUN
bjmsr-506	154	12	of	of	ADP
bjmsr-506	154	13	earnings	earning	NOUN
bjmsr-506	154	14	and	and	CCONJ
bjmsr-506	154	15	other	other	ADJ
bjmsr-506	154	16	independent	independent	ADJ
bjmsr-506	154	17	variables	variable	NOUN
bjmsr-506	154	18	.	.	PUNCT
bjmsr-506	155	1	this	this	PRON
bjmsr-506	155	2	enables	enable	VERB
bjmsr-506	155	3	the	the	DET
bjmsr-506	155	4	past	past	ADJ
bjmsr-506	155	5	values	value	NOUN
bjmsr-506	155	6	of	of	ADP
bjmsr-506	155	7	earnings	earning	NOUN
bjmsr-506	155	8	to	to	PART
bjmsr-506	155	9	relate	relate	VERB
bjmsr-506	155	10	with	with	ADP
bjmsr-506	155	11	other	other	ADJ
bjmsr-506	155	12	information	information	NOUN
bjmsr-506	155	13	sets	set	NOUN
bjmsr-506	155	14	to	to	PART
bjmsr-506	155	15	jointly	jointly	ADV
bjmsr-506	155	16	predict	predict	VERB
bjmsr-506	155	17	future	future	ADJ
bjmsr-506	155	18	earnings	earning	NOUN
bjmsr-506	155	19	.	.	PUNCT
bjmsr-506	156	1	this	this	DET
bjmsr-506	156	2	approach	approach	NOUN
bjmsr-506	156	3	is	be	AUX
bjmsr-506	156	4	consistent	consistent	ADJ
bjmsr-506	156	5	with	with	ADP
bjmsr-506	156	6	the	the	DET
bjmsr-506	156	7	work	work	NOUN
bjmsr-506	156	8	of	of	ADP
bjmsr-506	156	9	lipe	lipe	NOUN
bjmsr-506	156	10	(	(	PUNCT
bjmsr-506	156	11	1990	1990	NUM
bjmsr-506	156	12	)	)	PUNCT
bjmsr-506	156	13	;	;	PUNCT
bjmsr-506	156	14	das	das	PROPN
bjmsr-506	156	15	,	,	PUNCT
bjmsr-506	156	16	levine	levine	PROPN
bjmsr-506	156	17	,	,	PUNCT
bjmsr-506	156	18	&	&	CCONJ
bjmsr-506	156	19	sivaramakrishnan	sivaramakrishnan	PROPN
bjmsr-506	156	20	(	(	PUNCT
bjmsr-506	156	21	1998	1998	NUM
bjmsr-506	156	22	)	)	PUNCT
bjmsr-506	156	23	,	,	PUNCT
bjmsr-506	156	24	luttman	luttman	NOUN
bjmsr-506	156	25	and	and	CCONJ
bjmsr-506	156	26	silhan	silhan	PROPN
bjmsr-506	156	27	(	(	PUNCT
bjmsr-506	156	28	2011	2011	NUM
bjmsr-506	156	29	)	)	PUNCT
bjmsr-506	156	30	;	;	PUNCT
bjmsr-506	156	31	hamzavi	hamzavi	NOUN
bjmsr-506	156	32	and	and	CCONJ
bjmsr-506	156	33	aflatooni	aflatooni	PROPN
bjmsr-506	156	34	(	(	PUNCT
bjmsr-506	156	35	2011	2011	NUM
bjmsr-506	156	36	)	)	PUNCT
bjmsr-506	156	37	;	;	PUNCT
bjmsr-506	156	38	dichev	dichev	NOUN
bjmsr-506	156	39	and	and	CCONJ
bjmsr-506	156	40	tang	tang	PROPN
bjmsr-506	156	41	(	(	PUNCT
bjmsr-506	156	42	2009	2009	NUM
bjmsr-506	156	43	)	)	PUNCT
bjmsr-506	156	44	;	;	PUNCT
bjmsr-506	156	45	yosra	yosra	PROPN
bjmsr-506	156	46	and	and	CCONJ
bjmsr-506	156	47	fawzi	fawzi	PROPN
bjmsr-506	156	48	(	(	PUNCT
bjmsr-506	156	49	2015	2015	NUM
bjmsr-506	156	50	)	)	PUNCT
bjmsr-506	156	51	;	;	PUNCT
bjmsr-506	156	52	fama	fama	PROPN
bjmsr-506	156	53	and	and	CCONJ
bjmsr-506	156	54	french	french	ADJ
bjmsr-506	156	55	(	(	PUNCT
bjmsr-506	156	56	2000	2000	NUM
bjmsr-506	156	57	)	)	PUNCT
bjmsr-506	156	58	;	;	PUNCT
bjmsr-506	156	59	ewert	ewert	VERB
bjmsr-506	156	60	and	and	CCONJ
bjmsr-506	156	61	wagenhofer	wagenhofer	VERB
bjmsr-506	156	62	(	(	PUNCT
bjmsr-506	156	63	2010	2010	NUM
bjmsr-506	156	64	)	)	PUNCT
bjmsr-506	156	65	.	.	PUNCT
bjmsr-506	157	1	findings	finding	NOUN
bjmsr-506	157	2	from	from	ADP
bjmsr-506	157	3	these	these	DET
bjmsr-506	157	4	studies	study	NOUN
bjmsr-506	157	5	are	be	AUX
bjmsr-506	157	6	diverse	diverse	ADJ
bjmsr-506	157	7	;	;	PUNCT
bjmsr-506	157	8	however	however	ADV
bjmsr-506	157	9	,	,	PUNCT
bjmsr-506	157	10	evidence	evidence	NOUN
bjmsr-506	157	11	of	of	ADP
bjmsr-506	157	12	earnings	earning	NOUN
bjmsr-506	157	13	predictability	predictability	NOUN
bjmsr-506	157	14	is	be	AUX
bjmsr-506	157	15	common	common	ADJ
bjmsr-506	157	16	in	in	ADP
bjmsr-506	157	17	most	most	ADJ
bjmsr-506	157	18	of	of	ADP
bjmsr-506	157	19	the	the	DET
bjmsr-506	157	20	studies	study	NOUN
bjmsr-506	157	21	.	.	PUNCT
bjmsr-506	158	1	some	some	PRON
bjmsr-506	158	2	of	of	ADP
bjmsr-506	158	3	the	the	DET
bjmsr-506	158	4	explanatory	explanatory	ADJ
bjmsr-506	158	5	variables	variable	NOUN
bjmsr-506	158	6	examined	examine	VERB
bjmsr-506	158	7	in	in	ADP
bjmsr-506	158	8	conjunction	conjunction	NOUN
bjmsr-506	158	9	with	with	ADP
bjmsr-506	158	10	past	past	ADJ
bjmsr-506	158	11	values	value	NOUN
bjmsr-506	158	12	of	of	ADP
bjmsr-506	158	13	earnings	earning	NOUN
bjmsr-506	158	14	are	be	AUX
bjmsr-506	158	15	:	:	PUNCT
bjmsr-506	158	16	smoothness	smoothness	ADJ
bjmsr-506	158	17	,	,	PUNCT
bjmsr-506	158	18	volatility	volatility	NOUN
bjmsr-506	158	19	,	,	PUNCT
bjmsr-506	158	20	accrual	accrual	ADJ
bjmsr-506	158	21	quality	quality	NOUN
bjmsr-506	158	22	,	,	PUNCT
bjmsr-506	158	23	firm	firm	ADJ
bjmsr-506	158	24	characteristics	characteristic	NOUN
bjmsr-506	158	25	,	,	PUNCT
bjmsr-506	158	26	conservatism	conservatism	NOUN
bjmsr-506	158	27	,	,	PUNCT
bjmsr-506	158	28	and	and	CCONJ
bjmsr-506	158	29	profitability	profitability	NOUN
bjmsr-506	158	30	.	.	PUNCT
bjmsr-506	159	1	studies	study	NOUN
bjmsr-506	159	2	have	have	AUX
bjmsr-506	159	3	revealed	reveal	VERB
bjmsr-506	159	4	that	that	SCONJ
bjmsr-506	159	5	volatility	volatility	NOUN
bjmsr-506	159	6	is	be	AUX
bjmsr-506	159	7	inversely	inversely	ADV
bjmsr-506	159	8	related	relate	VERB
bjmsr-506	159	9	to	to	ADP
bjmsr-506	159	10	earnings	earning	NOUN
bjmsr-506	159	11	predictability	predictability	NOUN
bjmsr-506	159	12	(	(	PUNCT
bjmsr-506	159	13	allayannis	allayannis	PROPN
bjmsr-506	159	14	,	,	PUNCT
bjmsr-506	159	15	rountree	rountree	PROPN
bjmsr-506	159	16	,	,	PUNCT
bjmsr-506	159	17	&	&	CCONJ
bjmsr-506	159	18	weston	weston	PROPN
bjmsr-506	159	19	,	,	PUNCT
bjmsr-506	159	20	2005	2005	NUM
bjmsr-506	159	21	;	;	PUNCT
bjmsr-506	159	22	dichev	dichev	PROPN
bjmsr-506	159	23	&	&	CCONJ
bjmsr-506	159	24	tang	tang	PROPN
bjmsr-506	159	25	,	,	PUNCT
bjmsr-506	159	26	2009	2009	NUM
bjmsr-506	159	27	;	;	PUNCT
bjmsr-506	159	28	yosra	yosra	PROPN
bjmsr-506	159	29	&	&	CCONJ
bjmsr-506	159	30	fawzi	fawzi	PROPN
bjmsr-506	159	31	,	,	PUNCT
bjmsr-506	159	32	2015	2015	NUM
bjmsr-506	159	33	)	)	PUNCT
bjmsr-506	159	34	.	.	PUNCT
bjmsr-506	160	1	the	the	DET
bjmsr-506	160	2	result	result	NOUN
bjmsr-506	160	3	of	of	ADP
bjmsr-506	160	4	hamzavi	hamzavi	NOUN
bjmsr-506	160	5	and	and	CCONJ
bjmsr-506	160	6	aflatooni	aflatooni	PROPN
bjmsr-506	160	7	(	(	PUNCT
bjmsr-506	160	8	2011	2011	NUM
bjmsr-506	160	9	)	)	PUNCT
bjmsr-506	160	10	showed	show	VERB
bjmsr-506	160	11	that	that	SCONJ
bjmsr-506	160	12	earning	earn	VERB
bjmsr-506	160	13	smoothing	smoothing	NOUN
bjmsr-506	160	14	is	be	AUX
bjmsr-506	160	15	positively	positively	ADV
bjmsr-506	160	16	related	relate	VERB
bjmsr-506	160	17	to	to	ADP
bjmsr-506	160	18	predictability	predictability	NOUN
bjmsr-506	160	19	.	.	PUNCT
bjmsr-506	161	1	this	this	DET
bjmsr-506	161	2	latter	latter	ADJ
bjmsr-506	161	3	finding	finding	NOUN
bjmsr-506	161	4	should	should	AUX
bjmsr-506	161	5	be	be	AUX
bjmsr-506	161	6	interpreted	interpret	VERB
bjmsr-506	161	7	with	with	ADP
bjmsr-506	161	8	caution	caution	NOUN
bjmsr-506	161	9	in	in	ADP
bjmsr-506	161	10	the	the	DET
bjmsr-506	161	11	sense	sense	NOUN
bjmsr-506	161	12	that	that	SCONJ
bjmsr-506	161	13	earnings	earning	NOUN
bjmsr-506	161	14	smoothing	smoothing	NOUN
bjmsr-506	161	15	engaged	engage	VERB
bjmsr-506	161	16	by	by	ADP
bjmsr-506	161	17	management	management	NOUN
bjmsr-506	161	18	using	use	VERB
bjmsr-506	161	19	discretionary	discretionary	ADJ
bjmsr-506	161	20	accrual	accrual	ADJ
bjmsr-506	161	21	is	be	AUX
bjmsr-506	161	22	not	not	PART
bjmsr-506	161	23	desirable	desirable	ADJ
bjmsr-506	161	24	.	.	PUNCT
bjmsr-506	162	1	the	the	DET
bjmsr-506	162	2	work	work	NOUN
bjmsr-506	162	3	of	of	ADP
bjmsr-506	162	4	uwuigbe	uwuigbe	NOUN
bjmsr-506	162	5	et	et	PROPN
bjmsr-506	162	6	al	al	PROPN
bjmsr-506	162	7	.	.	PROPN
bjmsr-506	163	1	(	(	PUNCT
bjmsr-506	163	2	2017	2017	NUM
bjmsr-506	163	3	)	)	PUNCT
bjmsr-506	163	4	shows	show	VERB
bjmsr-506	163	5	that	that	SCONJ
bjmsr-506	163	6	current	current	ADJ
bjmsr-506	163	7	earnings	earning	NOUN
bjmsr-506	163	8	’	'	PUNCT
bjmsr-506	163	9	ability	ability	NOUN
bjmsr-506	163	10	to	to	PART
bjmsr-506	163	11	predict	predict	VERB
bjmsr-506	163	12	future	future	ADJ
bjmsr-506	163	13	earnings	earning	NOUN
bjmsr-506	163	14	decreased	decrease	VERB
bjmsr-506	163	15	after	after	ADP
bjmsr-506	163	16	the	the	DET
bjmsr-506	163	17	copyright	copyright	NOUN
bjmsr-506	163	18	©	©	PROPN
bjmsr-506	163	19	cc	cc	PROPN
bjmsr-506	163	20	-	-	PUNCT
bjmsr-506	163	21	by	by	ADP
bjmsr-506	163	22	-	-	PUNCT
bjmsr-506	163	23	nc	nc	PROPN
bjmsr-506	163	24	2020	2020	NUM
bjmsr-506	163	25	,	,	PUNCT
bjmsr-506	163	26	cribfb	cribfb	PROPN
bjmsr-506	163	27	|bjmsr	|bjmsr	PROPN
bjmsr-506	163	28	www.cribfb.com/journal/index.php/bjmsr	www.cribfb.com/journal/index.php/bjmsr	X
bjmsr-506	164	1	bangladesh	bangladesh	PROPN
bjmsr-506	164	2	journal	journal	PROPN
bjmsr-506	164	3	of	of	ADP
bjmsr-506	164	4	multidisciplinary	multidisciplinary	ADJ
bjmsr-506	164	5	scientific	scientific	ADJ
bjmsr-506	164	6	research	research	NOUN
bjmsr-506	164	7	vol	vol	NOUN
bjmsr-506	164	8	.	.	PROPN
bjmsr-506	165	1	2	2	NUM
bjmsr-506	165	2	,	,	PUNCT
bjmsr-506	165	3	no	no	INTJ
bjmsr-506	165	4	.	.	NOUN
bjmsr-506	165	5	1	1	NUM
bjmsr-506	165	6	;	;	PUNCT
bjmsr-506	165	7	2020	2020	NUM
bjmsr-506	165	8	27	27	NUM
bjmsr-506	165	9	adoption	adoption	NOUN
bjmsr-506	165	10	of	of	ADP
bjmsr-506	165	11	international	international	ADJ
bjmsr-506	165	12	financial	financial	ADJ
bjmsr-506	165	13	reporting	reporting	NOUN
bjmsr-506	165	14	standard	standard	NOUN
bjmsr-506	165	15	.	.	PUNCT
bjmsr-506	166	1	similarly	similarly	ADV
bjmsr-506	166	2	,	,	PUNCT
bjmsr-506	166	3	the	the	DET
bjmsr-506	166	4	work	work	NOUN
bjmsr-506	166	5	of	of	ADP
bjmsr-506	166	6	ebirien	ebirien	PROPN
bjmsr-506	166	7	&	&	CCONJ
bjmsr-506	166	8	nwanyanwu	nwanyanwu	PROPN
bjmsr-506	166	9	(	(	PUNCT
bjmsr-506	166	10	2017	2017	NUM
bjmsr-506	166	11	)	)	PUNCT
bjmsr-506	166	12	reveals	reveal	VERB
bjmsr-506	166	13	that	that	SCONJ
bjmsr-506	166	14	there	there	PRON
bjmsr-506	166	15	is	be	VERB
bjmsr-506	166	16	no	no	DET
bjmsr-506	166	17	evidence	evidence	NOUN
bjmsr-506	166	18	of	of	ADP
bjmsr-506	166	19	significant	significant	ADJ
bjmsr-506	166	20	difference	difference	NOUN
bjmsr-506	166	21	between	between	ADP
bjmsr-506	166	22	banks	bank	NOUN
bjmsr-506	166	23	and	and	CCONJ
bjmsr-506	166	24	insurance	insurance	NOUN
bjmsr-506	166	25	firms	firm	NOUN
bjmsr-506	166	26	in	in	ADP
bjmsr-506	166	27	the	the	DET
bjmsr-506	166	28	ability	ability	NOUN
bjmsr-506	166	29	of	of	ADP
bjmsr-506	166	30	earnings	earning	NOUN
bjmsr-506	166	31	to	to	PART
bjmsr-506	166	32	predict	predict	VERB
bjmsr-506	166	33	future	future	ADJ
bjmsr-506	166	34	earnings	earning	NOUN
bjmsr-506	166	35	.	.	PUNCT
bjmsr-506	167	1	for	for	ADP
bjmsr-506	167	2	the	the	DET
bjmsr-506	167	3	purpose	purpose	NOUN
bjmsr-506	167	4	of	of	ADP
bjmsr-506	167	5	this	this	DET
bjmsr-506	167	6	study	study	NOUN
bjmsr-506	167	7	,	,	PUNCT
bjmsr-506	167	8	the	the	DET
bjmsr-506	167	9	two	two	NUM
bjmsr-506	167	10	approaches	approach	NOUN
bjmsr-506	167	11	to	to	ADP
bjmsr-506	167	12	earnings	earning	NOUN
bjmsr-506	167	13	predictability	predictability	NOUN
bjmsr-506	167	14	were	be	AUX
bjmsr-506	167	15	adopted	adopt	VERB
bjmsr-506	167	16	.	.	PUNCT
bjmsr-506	168	1	the	the	DET
bjmsr-506	168	2	first	first	ADJ
bjmsr-506	168	3	model	model	NOUN
bjmsr-506	168	4	in	in	ADP
bjmsr-506	168	5	section	section	NOUN
bjmsr-506	168	6	three	three	NUM
bjmsr-506	168	7	of	of	ADP
bjmsr-506	168	8	this	this	DET
bjmsr-506	168	9	study	study	NOUN
bjmsr-506	168	10	is	be	AUX
bjmsr-506	168	11	a	a	DET
bjmsr-506	168	12	univariate	univariate	ADJ
bjmsr-506	168	13	earnings	earning	NOUN
bjmsr-506	168	14	model	model	NOUN
bjmsr-506	168	15	.	.	PUNCT
bjmsr-506	169	1	the	the	DET
bjmsr-506	169	2	second	second	ADJ
bjmsr-506	169	3	model	model	NOUN
bjmsr-506	169	4	is	be	AUX
bjmsr-506	169	5	not	not	PART
bjmsr-506	169	6	a	a	DET
bjmsr-506	169	7	univariate	univariate	ADJ
bjmsr-506	169	8	model	model	NOUN
bjmsr-506	169	9	but	but	CCONJ
bjmsr-506	169	10	included	include	VERB
bjmsr-506	169	11	volatility	volatility	NOUN
bjmsr-506	169	12	as	as	ADP
bjmsr-506	169	13	another	another	DET
bjmsr-506	169	14	independent	independent	ADJ
bjmsr-506	169	15	variable	variable	NOUN
bjmsr-506	169	16	;	;	PUNCT
bjmsr-506	169	17	hence	hence	ADV
bjmsr-506	169	18	it	it	PRON
bjmsr-506	169	19	is	be	AUX
bjmsr-506	169	20	consistent	consistent	ADJ
bjmsr-506	169	21	with	with	ADP
bjmsr-506	169	22	the	the	DET
bjmsr-506	169	23	alternative	alternative	ADJ
bjmsr-506	169	24	approach	approach	NOUN
bjmsr-506	169	25	.	.	PUNCT
bjmsr-506	170	1	3	3	X
bjmsr-506	170	2	.	.	X
bjmsr-506	170	3	methodology	methodology	NOUN
bjmsr-506	170	4	model	model	NOUN
bjmsr-506	170	5	specification	specification	NOUN
bjmsr-506	170	6	the	the	DET
bjmsr-506	170	7	purpose	purpose	NOUN
bjmsr-506	170	8	of	of	ADP
bjmsr-506	170	9	this	this	DET
bjmsr-506	170	10	study	study	NOUN
bjmsr-506	170	11	is	be	AUX
bjmsr-506	170	12	to	to	PART
bjmsr-506	170	13	measure	measure	VERB
bjmsr-506	170	14	the	the	DET
bjmsr-506	170	15	predictability	predictability	NOUN
bjmsr-506	170	16	of	of	ADP
bjmsr-506	170	17	earnings	earning	NOUN
bjmsr-506	170	18	of	of	ADP
bjmsr-506	170	19	nigerian	nigerian	ADJ
bjmsr-506	170	20	listed	list	VERB
bjmsr-506	170	21	firms	firm	NOUN
bjmsr-506	170	22	;	;	PUNCT
bjmsr-506	170	23	and	and	CCONJ
bjmsr-506	170	24	as	as	ADP
bjmsr-506	170	25	a	a	DET
bjmsr-506	170	26	result	result	NOUN
bjmsr-506	170	27	,	,	PUNCT
bjmsr-506	170	28	the	the	DET
bjmsr-506	170	29	autoregressive	autoregressive	ADJ
bjmsr-506	170	30	model	model	NOUN
bjmsr-506	170	31	of	of	ADP
bjmsr-506	170	32	order	order	NOUN
bjmsr-506	170	33	one	one	NUM
bjmsr-506	170	34	(	(	PUNCT
bjmsr-506	170	35	1	1	NUM
bjmsr-506	170	36	)	)	PUNCT
bjmsr-506	170	37	is	be	AUX
bjmsr-506	170	38	specified	specify	VERB
bjmsr-506	170	39	.	.	PUNCT
bjmsr-506	171	1	consistent	consistent	ADJ
bjmsr-506	171	2	with	with	ADP
bjmsr-506	171	3	the	the	DET
bjmsr-506	171	4	specifications	specification	NOUN
bjmsr-506	171	5	in	in	ADP
bjmsr-506	171	6	the	the	DET
bjmsr-506	171	7	work	work	NOUN
bjmsr-506	171	8	of	of	ADP
bjmsr-506	171	9	das	das	PROPN
bjmsr-506	171	10	et	et	PROPN
bjmsr-506	171	11	al	al	PROPN
bjmsr-506	171	12	.	.	PUNCT
bjmsr-506	172	1	(	(	PUNCT
bjmsr-506	172	2	1998	1998	NUM
bjmsr-506	172	3	)	)	PUNCT
bjmsr-506	172	4	;	;	PUNCT
bjmsr-506	172	5	francis	francis	PROPN
bjmsr-506	172	6	et	et	PROPN
bjmsr-506	172	7	al	al	PROPN
bjmsr-506	172	8	.	.	PROPN
bjmsr-506	173	1	(	(	PUNCT
bjmsr-506	173	2	2004	2004	NUM
bjmsr-506	173	3	)	)	PUNCT
bjmsr-506	173	4	;	;	PUNCT
bjmsr-506	174	1	richardson	richardson	PROPN
bjmsr-506	174	2	,	,	PUNCT
bjmsr-506	174	3	sloan	sloan	PROPN
bjmsr-506	174	4	,	,	PUNCT
bjmsr-506	174	5	soliman	soliman	NOUN
bjmsr-506	174	6	&	&	CCONJ
bjmsr-506	174	7	tuna	tuna	PROPN
bjmsr-506	174	8	(	(	PUNCT
bjmsr-506	174	9	2005	2005	NUM
bjmsr-506	174	10	)	)	PUNCT
bjmsr-506	174	11	;	;	PUNCT
bjmsr-506	174	12	dechow	dechow	ADJ
bjmsr-506	174	13	et	et	PROPN
bjmsr-506	174	14	al	al	PROPN
bjmsr-506	174	15	.	.	PUNCT
bjmsr-506	174	16	(	(	PUNCT
bjmsr-506	174	17	2010	2010	NUM
bjmsr-506	174	18	)	)	PUNCT
bjmsr-506	174	19	;	;	PUNCT
bjmsr-506	174	20	boubakri	boubakri	NOUN
bjmsr-506	174	21	(	(	PUNCT
bjmsr-506	174	22	2012	2012	NUM
bjmsr-506	174	23	)	)	PUNCT
bjmsr-506	174	24	;	;	PUNCT
bjmsr-506	174	25	park	park	NOUN
bjmsr-506	174	26	and	and	CCONJ
bjmsr-506	174	27	shin	shin	NOUN
bjmsr-506	174	28	(	(	PUNCT
bjmsr-506	174	29	2015	2015	NUM
bjmsr-506	174	30	)	)	PUNCT
bjmsr-506	174	31	;	;	PUNCT
bjmsr-506	174	32	artikis	artikis	PROPN
bjmsr-506	174	33	and	and	CCONJ
bjmsr-506	174	34	papanastasopuolos	papanastasopuolo	NOUN
bjmsr-506	174	35	(	(	PUNCT
bjmsr-506	174	36	2016	2016	NUM
bjmsr-506	174	37	)	)	PUNCT
bjmsr-506	174	38	,	,	PUNCT
bjmsr-506	174	39	the	the	DET
bjmsr-506	174	40	model	model	NOUN
bjmsr-506	174	41	is	be	AUX
bjmsr-506	174	42	specified	specify	VERB
bjmsr-506	174	43	as	as	ADP
bjmsr-506	174	44	:	:	PUNCT
bjmsr-506	174	45	earningsit	earningsit	NOUN
bjmsr-506	174	46	=	=	SYM
bjmsr-506	174	47	ηo	ηo	PROPN
bjmsr-506	174	48	+	+	CCONJ
bjmsr-506	174	49	η1earningsit-1	η1earningsit-1	NOUN
bjmsr-506	174	50	+	+	CCONJ
bjmsr-506	174	51	δi	δi	X
bjmsr-506	174	52	+	+	CCONJ
bjmsr-506	174	53	πit	πit	ADJ
bjmsr-506	174	54	…	…	NOUN
bjmsr-506	174	55	……	……	NOUN
bjmsr-506	174	56	……	……	NOUN
bjmsr-506	174	57	……	……	NOUN
bjmsr-506	174	58	……	……	NOUN
bjmsr-506	174	59	……	……	NOUN
bjmsr-506	174	60	……	……	NOUN
bjmsr-506	174	61	……	……	NOUN
bjmsr-506	174	62	……	……	NOUN
bjmsr-506	174	63	(	(	PUNCT
bjmsr-506	174	64	1	1	X
bjmsr-506	174	65	)	)	PUNCT
bjmsr-506	174	66	where	where	SCONJ
bjmsr-506	174	67	earningsit	earningsit	NOUN
bjmsr-506	174	68	is	be	AUX
bjmsr-506	174	69	the	the	DET
bjmsr-506	174	70	current	current	ADJ
bjmsr-506	174	71	earnings	earning	NOUN
bjmsr-506	174	72	for	for	ADP
bjmsr-506	174	73	the	the	DET
bjmsr-506	174	74	various	various	ADJ
bjmsr-506	174	75	firms	firm	NOUN
bjmsr-506	174	76	for	for	ADP
bjmsr-506	174	77	the	the	DET
bjmsr-506	174	78	period	period	NOUN
bjmsr-506	174	79	covered	cover	VERB
bjmsr-506	174	80	,	,	PUNCT
bjmsr-506	174	81	ηo	ηo	INTJ
bjmsr-506	174	82	is	be	AUX
bjmsr-506	174	83	the	the	DET
bjmsr-506	174	84	intercept	intercept	NOUN
bjmsr-506	174	85	of	of	ADP
bjmsr-506	174	86	the	the	DET
bjmsr-506	174	87	model	model	NOUN
bjmsr-506	174	88	,	,	PUNCT
bjmsr-506	174	89	that	that	ADV
bjmsr-506	174	90	is	is	ADV
bjmsr-506	174	91	,	,	PUNCT
bjmsr-506	174	92	the	the	DET
bjmsr-506	174	93	constant	constant	ADJ
bjmsr-506	174	94	term	term	NOUN
bjmsr-506	174	95	,	,	PUNCT
bjmsr-506	174	96	η1	η1	NOUN
bjmsr-506	174	97	is	be	AUX
bjmsr-506	174	98	the	the	DET
bjmsr-506	174	99	persistence	persistence	NOUN
bjmsr-506	174	100	parameter	parameter	NOUN
bjmsr-506	174	101	,	,	PUNCT
bjmsr-506	174	102	earningsit-1	earningsit-1	PROPN
bjmsr-506	174	103	is	be	AUX
bjmsr-506	174	104	the	the	DET
bjmsr-506	174	105	immediate	immediate	ADJ
bjmsr-506	174	106	past	past	ADJ
bjmsr-506	174	107	value	value	NOUN
bjmsr-506	174	108	of	of	ADP
bjmsr-506	174	109	current	current	ADJ
bjmsr-506	174	110	earnings	earning	NOUN
bjmsr-506	174	111	,	,	PUNCT
bjmsr-506	174	112	δi	δi	PROPN
bjmsr-506	174	113	is	be	AUX
bjmsr-506	174	114	the	the	DET
bjmsr-506	174	115	time	time	NOUN
bjmsr-506	174	116	-	-	PUNCT
bjmsr-506	174	117	invariant	invariant	ADJ
bjmsr-506	174	118	individual	individual	ADJ
bjmsr-506	174	119	firm	firm	NOUN
bjmsr-506	174	120	characteristics	characteristic	NOUN
bjmsr-506	174	121	,	,	PUNCT
bjmsr-506	174	122	and	and	CCONJ
bjmsr-506	174	123	πit	πit	NOUN
bjmsr-506	174	124	is	be	AUX
bjmsr-506	174	125	the	the	DET
bjmsr-506	174	126	stochastic	stochastic	ADJ
bjmsr-506	174	127	error	error	NOUN
bjmsr-506	174	128	term	term	NOUN
bjmsr-506	174	129	.	.	PUNCT
bjmsr-506	175	1	the	the	DET
bjmsr-506	175	2	above	above	ADJ
bjmsr-506	175	3	specification	specification	NOUN
bjmsr-506	175	4	of	of	ADP
bjmsr-506	175	5	autoregressive	autoregressive	ADJ
bjmsr-506	175	6	model	model	NOUN
bjmsr-506	175	7	is	be	AUX
bjmsr-506	175	8	considered	consider	VERB
bjmsr-506	175	9	suitable	suitable	ADJ
bjmsr-506	175	10	for	for	ADP
bjmsr-506	175	11	this	this	DET
bjmsr-506	175	12	study	study	NOUN
bjmsr-506	175	13	since	since	SCONJ
bjmsr-506	175	14	the	the	DET
bjmsr-506	175	15	objective	objective	NOUN
bjmsr-506	175	16	is	be	AUX
bjmsr-506	175	17	to	to	PART
bjmsr-506	175	18	determine	determine	VERB
bjmsr-506	175	19	the	the	DET
bjmsr-506	175	20	ability	ability	NOUN
bjmsr-506	175	21	of	of	ADP
bjmsr-506	175	22	past	past	ADJ
bjmsr-506	175	23	earnings	earning	NOUN
bjmsr-506	175	24	to	to	PART
bjmsr-506	175	25	predict	predict	VERB
bjmsr-506	175	26	future	future	ADJ
bjmsr-506	175	27	earnings	earning	NOUN
bjmsr-506	175	28	.	.	PUNCT
bjmsr-506	176	1	the	the	DET
bjmsr-506	176	2	word	word	NOUN
bjmsr-506	176	3	autoregressive	autoregressive	ADJ
bjmsr-506	176	4	in	in	ADP
bjmsr-506	176	5	this	this	DET
bjmsr-506	176	6	case	case	NOUN
bjmsr-506	176	7	means	mean	VERB
bjmsr-506	176	8	the	the	DET
bjmsr-506	176	9	inclusion	inclusion	NOUN
bjmsr-506	176	10	of	of	ADP
bjmsr-506	176	11	lagged	lag	VERB
bjmsr-506	176	12	dependent	dependent	ADJ
bjmsr-506	176	13	variable	variable	NOUN
bjmsr-506	176	14	as	as	ADP
bjmsr-506	176	15	an	an	DET
bjmsr-506	176	16	independent	independent	ADJ
bjmsr-506	176	17	variable	variable	NOUN
bjmsr-506	176	18	in	in	ADP
bjmsr-506	176	19	the	the	DET
bjmsr-506	176	20	model	model	NOUN
bjmsr-506	176	21	.	.	PUNCT
bjmsr-506	177	1	if	if	SCONJ
bjmsr-506	177	2	the	the	DET
bjmsr-506	177	3	lagged	lag	VERB
bjmsr-506	177	4	dependent	dependent	ADJ
bjmsr-506	177	5	variable	variable	NOUN
bjmsr-506	177	6	is	be	AUX
bjmsr-506	177	7	solely	solely	ADV
bjmsr-506	177	8	the	the	DET
bjmsr-506	177	9	independent	independent	ADJ
bjmsr-506	177	10	variable	variable	NOUN
bjmsr-506	177	11	,	,	PUNCT
bjmsr-506	177	12	then	then	ADV
bjmsr-506	177	13	the	the	DET
bjmsr-506	177	14	model	model	NOUN
bjmsr-506	177	15	is	be	AUX
bjmsr-506	177	16	a	a	DET
bjmsr-506	177	17	univariate	univariate	ADJ
bjmsr-506	177	18	model	model	NOUN
bjmsr-506	177	19	.	.	PUNCT
bjmsr-506	178	1	in	in	ADP
bjmsr-506	178	2	addition	addition	NOUN
bjmsr-506	178	3	to	to	ADP
bjmsr-506	178	4	the	the	DET
bjmsr-506	178	5	univariate	univariate	ADJ
bjmsr-506	178	6	model	model	NOUN
bjmsr-506	178	7	in	in	ADP
bjmsr-506	178	8	equation	equation	NOUN
bjmsr-506	178	9	(	(	PUNCT
bjmsr-506	178	10	1	1	NUM
bjmsr-506	178	11	)	)	PUNCT
bjmsr-506	178	12	,	,	PUNCT
bjmsr-506	178	13	equation	equation	NOUN
bjmsr-506	178	14	(	(	PUNCT
bjmsr-506	178	15	2	2	NUM
bjmsr-506	178	16	)	)	PUNCT
bjmsr-506	178	17	below	below	ADP
bjmsr-506	178	18	measures	measure	NOUN
bjmsr-506	178	19	the	the	DET
bjmsr-506	178	20	impact	impact	NOUN
bjmsr-506	178	21	of	of	ADP
bjmsr-506	178	22	volatility	volatility	NOUN
bjmsr-506	178	23	on	on	ADP
bjmsr-506	178	24	earnings	earning	NOUN
bjmsr-506	178	25	predictability	predictability	NOUN
bjmsr-506	178	26	.	.	PUNCT
bjmsr-506	179	1	as	as	ADP
bjmsr-506	179	2	a	a	DET
bjmsr-506	179	3	result	result	NOUN
bjmsr-506	179	4	,	,	PUNCT
bjmsr-506	179	5	volatility	volatility	NOUN
bjmsr-506	179	6	is	be	AUX
bjmsr-506	179	7	interacted	interact	VERB
bjmsr-506	179	8	with	with	ADP
bjmsr-506	179	9	earnings	earning	NOUN
bjmsr-506	179	10	as	as	ADP
bjmsr-506	179	11	the	the	DET
bjmsr-506	179	12	second	second	ADJ
bjmsr-506	179	13	explanatory	explanatory	ADJ
bjmsr-506	179	14	variable	variable	NOUN
bjmsr-506	179	15	in	in	ADP
bjmsr-506	179	16	the	the	DET
bjmsr-506	179	17	autoregressive	autoregressive	ADJ
bjmsr-506	179	18	model	model	NOUN
bjmsr-506	179	19	apart	apart	ADV
bjmsr-506	179	20	from	from	ADP
bjmsr-506	179	21	the	the	DET
bjmsr-506	179	22	lagged	lag	VERB
bjmsr-506	179	23	dependent	dependent	ADJ
bjmsr-506	179	24	variable	variable	NOUN
bjmsr-506	179	25	.	.	PUNCT
bjmsr-506	180	1	therefore	therefore	ADV
bjmsr-506	180	2	,	,	PUNCT
bjmsr-506	180	3	following	follow	VERB
bjmsr-506	180	4	the	the	DET
bjmsr-506	180	5	works	work	NOUN
bjmsr-506	180	6	of	of	ADP
bjmsr-506	180	7	dichev	dichev	NOUN
bjmsr-506	180	8	and	and	CCONJ
bjmsr-506	180	9	tang	tang	PROPN
bjmsr-506	180	10	(	(	PUNCT
bjmsr-506	180	11	2009	2009	NUM
bjmsr-506	180	12	)	)	PUNCT
bjmsr-506	180	13	;	;	PUNCT
bjmsr-506	180	14	hamzavi	hamzavi	NOUN
bjmsr-506	180	15	and	and	CCONJ
bjmsr-506	180	16	aflatooni	aflatooni	PROPN
bjmsr-506	180	17	(	(	PUNCT
bjmsr-506	180	18	2011	2011	NUM
bjmsr-506	180	19	)	)	PUNCT
bjmsr-506	180	20	;	;	PUNCT
bjmsr-506	180	21	yosra	yosra	PROPN
bjmsr-506	180	22	and	and	CCONJ
bjmsr-506	180	23	fawzi	fawzi	PROPN
bjmsr-506	180	24	(	(	PUNCT
bjmsr-506	180	25	2015	2015	NUM
bjmsr-506	180	26	)	)	PUNCT
bjmsr-506	180	27	the	the	DET
bjmsr-506	180	28	model	model	NOUN
bjmsr-506	180	29	is	be	AUX
bjmsr-506	180	30	specified	specify	VERB
bjmsr-506	180	31	as	as	ADP
bjmsr-506	180	32	:	:	PUNCT
bjmsr-506	180	33	earningsit	earningsit	NOUN
bjmsr-506	180	34	=	=	SYM
bjmsr-506	180	35	ηo	ηo	NOUN
bjmsr-506	180	36	+	+	CCONJ
bjmsr-506	180	37	η1earningsit-1	η1earningsit-1	NOUN
bjmsr-506	180	38	+	+	X
bjmsr-506	180	39	η2volatility+	η2volatility+	ADJ
bjmsr-506	180	40	η3earningsit-1	η3earningsit-1	NOUN
bjmsr-506	180	41	*	*	PROPN
bjmsr-506	180	42	voltit	voltit	NOUN
bjmsr-506	180	43	+	+	CCONJ
bjmsr-506	180	44	δi	δi	X
bjmsr-506	180	45	+	+	ADV
bjmsr-506	180	46	πit	πit	NOUN
bjmsr-506	180	47	……	……	NOUN
bjmsr-506	180	48	……	……	NOUN
bjmsr-506	180	49	……	……	NOUN
bjmsr-506	180	50	.	.	PUNCT
bjmsr-506	181	1	(	(	PUNCT
bjmsr-506	181	2	2	2	X
bjmsr-506	181	3	)	)	PUNCT
bjmsr-506	181	4	in	in	ADP
bjmsr-506	181	5	order	order	NOUN
bjmsr-506	181	6	to	to	PART
bjmsr-506	181	7	measure	measure	VERB
bjmsr-506	181	8	predictability	predictability	NOUN
bjmsr-506	181	9	from	from	ADP
bjmsr-506	181	10	equation	equation	NOUN
bjmsr-506	181	11	(	(	PUNCT
bjmsr-506	181	12	1	1	NUM
bjmsr-506	181	13	)	)	PUNCT
bjmsr-506	181	14	,	,	PUNCT
bjmsr-506	181	15	the	the	DET
bjmsr-506	181	16	standard	standard	ADJ
bjmsr-506	181	17	deviation	deviation	NOUN
bjmsr-506	181	18	of	of	ADP
bjmsr-506	181	19	the	the	DET
bjmsr-506	181	20	stochastic	stochastic	ADJ
bjmsr-506	181	21	error	error	NOUN
bjmsr-506	181	22	term	term	NOUN
bjmsr-506	181	23	is	be	AUX
bjmsr-506	181	24	used	use	VERB
bjmsr-506	181	25	.	.	PUNCT
bjmsr-506	182	1	the	the	DET
bjmsr-506	182	2	slope	slope	NOUN
bjmsr-506	182	3	coefficient	coefficient	NOUN
bjmsr-506	182	4	of	of	ADP
bjmsr-506	182	5	the	the	DET
bjmsr-506	182	6	lagged	lag	VERB
bjmsr-506	182	7	dependent	dependent	ADJ
bjmsr-506	182	8	variable	variable	NOUN
bjmsr-506	182	9	in	in	ADP
bjmsr-506	182	10	equations	equation	NOUN
bjmsr-506	182	11	1&2	1&2	NUM
bjmsr-506	182	12	is	be	AUX
bjmsr-506	182	13	not	not	PART
bjmsr-506	182	14	interpreted	interpret	VERB
bjmsr-506	182	15	the	the	DET
bjmsr-506	182	16	usual	usual	ADJ
bjmsr-506	182	17	way	way	NOUN
bjmsr-506	182	18	of	of	ADP
bjmsr-506	182	19	interpreting	interpret	VERB
bjmsr-506	182	20	the	the	DET
bjmsr-506	182	21	slope	slope	NOUN
bjmsr-506	182	22	coefficient	coefficient	NOUN
bjmsr-506	182	23	of	of	ADP
bjmsr-506	182	24	the	the	DET
bjmsr-506	182	25	classical	classical	ADJ
bjmsr-506	182	26	linear	linear	PROPN
bjmsr-506	182	27	regression	regression	NOUN
bjmsr-506	182	28	model	model	NOUN
bjmsr-506	182	29	.	.	PUNCT
bjmsr-506	183	1	in	in	ADP
bjmsr-506	183	2	this	this	DET
bjmsr-506	183	3	case	case	NOUN
bjmsr-506	183	4	,	,	PUNCT
bjmsr-506	183	5	the	the	DET
bjmsr-506	183	6	autoregressive	autoregressive	ADJ
bjmsr-506	183	7	coefficient	coefficient	NOUN
bjmsr-506	183	8	is	be	AUX
bjmsr-506	183	9	used	use	VERB
bjmsr-506	183	10	to	to	PART
bjmsr-506	183	11	measure	measure	VERB
bjmsr-506	183	12	the	the	DET
bjmsr-506	183	13	persistent	persistent	ADJ
bjmsr-506	183	14	level	level	NOUN
bjmsr-506	183	15	of	of	ADP
bjmsr-506	183	16	earnings	earning	NOUN
bjmsr-506	183	17	.	.	PUNCT
bjmsr-506	184	1	the	the	PRON
bjmsr-506	184	2	closer	close	ADJ
bjmsr-506	184	3	it	it	PRON
bjmsr-506	184	4	is	be	AUX
bjmsr-506	184	5	to	to	ADP
bjmsr-506	184	6	1	1	NUM
bjmsr-506	184	7	,	,	PUNCT
bjmsr-506	184	8	the	the	DET
bjmsr-506	184	9	more	more	ADV
bjmsr-506	184	10	persistent	persistent	ADJ
bjmsr-506	184	11	the	the	DET
bjmsr-506	184	12	earnings	earning	NOUN
bjmsr-506	184	13	,	,	PUNCT
bjmsr-506	184	14	but	but	CCONJ
bjmsr-506	184	15	the	the	DET
bjmsr-506	184	16	closer	close	ADJ
bjmsr-506	184	17	it	it	PRON
bjmsr-506	184	18	is	be	AUX
bjmsr-506	184	19	to	to	ADP
bjmsr-506	184	20	zero	zero	NUM
bjmsr-506	184	21	,	,	PUNCT
bjmsr-506	184	22	the	the	DET
bjmsr-506	184	23	less	less	ADV
bjmsr-506	184	24	persistent	persistent	ADJ
bjmsr-506	184	25	,	,	PUNCT
bjmsr-506	184	26	and	and	CCONJ
bjmsr-506	184	27	the	the	DET
bjmsr-506	184	28	more	more	ADV
bjmsr-506	184	29	transitory	transitory	ADJ
bjmsr-506	184	30	the	the	DET
bjmsr-506	184	31	earnings	earning	NOUN
bjmsr-506	184	32	.	.	PUNCT
bjmsr-506	185	1	there	there	PRON
bjmsr-506	185	2	is	be	VERB
bjmsr-506	185	3	a	a	DET
bjmsr-506	185	4	positive	positive	ADJ
bjmsr-506	185	5	link	link	NOUN
bjmsr-506	185	6	between	between	ADP
bjmsr-506	185	7	earnings	earning	NOUN
bjmsr-506	185	8	persistence	persistence	NOUN
bjmsr-506	185	9	and	and	CCONJ
bjmsr-506	185	10	earnings	earning	NOUN
bjmsr-506	185	11	predictability	predictability	NOUN
bjmsr-506	185	12	.	.	PUNCT
bjmsr-506	186	1	persistence	persistence	NOUN
bjmsr-506	186	2	of	of	ADP
bjmsr-506	186	3	earnings	earning	NOUN
bjmsr-506	186	4	drives	drive	VERB
bjmsr-506	186	5	the	the	DET
bjmsr-506	186	6	predictability	predictability	NOUN
bjmsr-506	186	7	of	of	ADP
bjmsr-506	186	8	earnings	earning	NOUN
bjmsr-506	186	9	such	such	ADJ
bjmsr-506	186	10	that	that	DET
bjmsr-506	186	11	high	high	ADJ
bjmsr-506	186	12	level	level	NOUN
bjmsr-506	186	13	of	of	ADP
bjmsr-506	186	14	persistence	persistence	NOUN
bjmsr-506	186	15	would	would	AUX
bjmsr-506	186	16	result	result	VERB
bjmsr-506	186	17	to	to	ADP
bjmsr-506	186	18	increased	increase	VERB
bjmsr-506	186	19	ability	ability	NOUN
bjmsr-506	186	20	of	of	ADP
bjmsr-506	186	21	earnings	earning	NOUN
bjmsr-506	186	22	to	to	PART
bjmsr-506	186	23	predict	predict	VERB
bjmsr-506	186	24	itself	itself	PRON
bjmsr-506	186	25	.	.	PUNCT
bjmsr-506	187	1	according	accord	VERB
bjmsr-506	187	2	to	to	ADP
bjmsr-506	187	3	dichev	dichev	NOUN
bjmsr-506	187	4	and	and	CCONJ
bjmsr-506	187	5	tang	tang	PROPN
bjmsr-506	187	6	(	(	PUNCT
bjmsr-506	187	7	2009	2009	NUM
bjmsr-506	187	8	)	)	PUNCT
bjmsr-506	187	9	,	,	PUNCT
bjmsr-506	187	10	“	"	PUNCT
bjmsr-506	187	11	the	the	DET
bjmsr-506	187	12	strength	strength	NOUN
bjmsr-506	187	13	of	of	ADP
bjmsr-506	187	14	the	the	DET
bjmsr-506	187	15	direct	direct	ADJ
bjmsr-506	187	16	relation	relation	NOUN
bjmsr-506	187	17	between	between	ADP
bjmsr-506	187	18	earnings	earning	NOUN
bjmsr-506	187	19	volatility	volatility	NOUN
bjmsr-506	187	20	and	and	CCONJ
bjmsr-506	187	21	earnings	earning	NOUN
bjmsr-506	187	22	predictability	predictability	NOUN
bjmsr-506	187	23	is	be	AUX
bjmsr-506	187	24	determined	determine	VERB
bjmsr-506	187	25	by	by	ADP
bjmsr-506	187	26	earnings	earning	NOUN
bjmsr-506	187	27	persistence	persistence	NOUN
bjmsr-506	187	28	,	,	PUNCT
bjmsr-506	187	29	where	where	SCONJ
bjmsr-506	187	30	higher	high	ADJ
bjmsr-506	187	31	persistence	persistence	NOUN
bjmsr-506	187	32	signifies	signify	VERB
bjmsr-506	187	33	more	more	ADV
bjmsr-506	187	34	predictable	predictable	ADJ
bjmsr-506	187	35	earnings	earning	NOUN
bjmsr-506	187	36	”	"	PUNCT
bjmsr-506	187	37	.	.	PUNCT
bjmsr-506	188	1	however	however	ADV
bjmsr-506	188	2	,	,	PUNCT
bjmsr-506	188	3	for	for	ADP
bjmsr-506	188	4	the	the	DET
bjmsr-506	188	5	purpose	purpose	NOUN
bjmsr-506	188	6	of	of	ADP
bjmsr-506	188	7	measuring	measure	VERB
bjmsr-506	188	8	predictability	predictability	NOUN
bjmsr-506	188	9	,	,	PUNCT
bjmsr-506	188	10	it	it	PRON
bjmsr-506	188	11	is	be	AUX
bjmsr-506	188	12	the	the	DET
bjmsr-506	188	13	standard	standard	ADJ
bjmsr-506	188	14	deviation	deviation	NOUN
bjmsr-506	188	15	of	of	ADP
bjmsr-506	188	16	the	the	DET
bjmsr-506	188	17	error	error	NOUN
bjmsr-506	188	18	term	term	NOUN
bjmsr-506	188	19	that	that	PRON
bjmsr-506	188	20	is	be	AUX
bjmsr-506	188	21	used	use	VERB
bjmsr-506	188	22	.	.	PUNCT
bjmsr-506	189	1	the	the	PRON
bjmsr-506	189	2	smaller	small	ADJ
bjmsr-506	189	3	the	the	DET
bjmsr-506	189	4	standard	standard	ADJ
bjmsr-506	189	5	deviation	deviation	NOUN
bjmsr-506	189	6	of	of	ADP
bjmsr-506	189	7	the	the	DET
bjmsr-506	189	8	error	error	NOUN
bjmsr-506	189	9	term	term	NOUN
bjmsr-506	189	10	,	,	PUNCT
bjmsr-506	189	11	the	the	PRON
bjmsr-506	189	12	higher	high	ADJ
bjmsr-506	189	13	the	the	DET
bjmsr-506	189	14	predictability	predictability	NOUN
bjmsr-506	189	15	of	of	ADP
bjmsr-506	189	16	earnings	earning	NOUN
bjmsr-506	189	17	and	and	CCONJ
bjmsr-506	189	18	vise	vise	NOUN
bjmsr-506	189	19	-	-	PUNCT
bjmsr-506	189	20	versa	versa	NOUN
bjmsr-506	189	21	.	.	PUNCT
bjmsr-506	190	1	this	this	DET
bjmsr-506	190	2	interpretation	interpretation	NOUN
bjmsr-506	190	3	is	be	AUX
bjmsr-506	190	4	consistent	consistent	ADJ
bjmsr-506	190	5	with	with	ADP
bjmsr-506	190	6	francis	francis	PROPN
bjmsr-506	190	7	et	et	PROPN
bjmsr-506	190	8	al	al	PROPN
bjmsr-506	190	9	.	.	PROPN
bjmsr-506	191	1	(	(	PUNCT
bjmsr-506	191	2	2004	2004	NUM
bjmsr-506	191	3	)	)	PUNCT
bjmsr-506	191	4	;	;	PUNCT
bjmsr-506	191	5	dichev	dichev	NOUN
bjmsr-506	191	6	and	and	CCONJ
bjmsr-506	191	7	tang	tang	PROPN
bjmsr-506	191	8	(	(	PUNCT
bjmsr-506	191	9	2009	2009	NUM
bjmsr-506	191	10	)	)	PUNCT
bjmsr-506	191	11	;	;	PUNCT
bjmsr-506	191	12	li	li	PROPN
bjmsr-506	191	13	et	et	PROPN
bjmsr-506	191	14	al	al	PROPN
bjmsr-506	191	15	.	.	PROPN
bjmsr-506	191	16	(	(	PUNCT
bjmsr-506	191	17	2014	2014	NUM
bjmsr-506	191	18	)	)	PUNCT
bjmsr-506	191	19	.	.	PUNCT
bjmsr-506	192	1	on	on	ADP
bjmsr-506	192	2	the	the	DET
bjmsr-506	192	3	other	other	ADJ
bjmsr-506	192	4	hand	hand	NOUN
bjmsr-506	192	5	,	,	PUNCT
bjmsr-506	192	6	if	if	SCONJ
bjmsr-506	192	7	the	the	DET
bjmsr-506	192	8	objective	objective	NOUN
bjmsr-506	192	9	of	of	ADP
bjmsr-506	192	10	the	the	DET
bjmsr-506	192	11	research	research	NOUN
bjmsr-506	192	12	design	design	NOUN
bjmsr-506	192	13	is	be	AUX
bjmsr-506	192	14	to	to	PART
bjmsr-506	192	15	measure	measure	VERB
bjmsr-506	192	16	the	the	DET
bjmsr-506	192	17	predictability	predictability	NOUN
bjmsr-506	192	18	of	of	ADP
bjmsr-506	192	19	earnings	earning	NOUN
bjmsr-506	192	20	relative	relative	ADJ
bjmsr-506	192	21	to	to	ADP
bjmsr-506	192	22	volatility	volatility	NOUN
bjmsr-506	192	23	,	,	PUNCT
bjmsr-506	192	24	then	then	ADV
bjmsr-506	192	25	the	the	DET
bjmsr-506	192	26	r2	r2	NOUN
bjmsr-506	192	27	from	from	ADP
bjmsr-506	192	28	the	the	DET
bjmsr-506	192	29	regression	regression	NOUN
bjmsr-506	192	30	models	model	NOUN
bjmsr-506	192	31	in	in	ADP
bjmsr-506	192	32	equations	equation	NOUN
bjmsr-506	192	33	1	1	NUM
bjmsr-506	192	34	and	and	CCONJ
bjmsr-506	192	35	equation	equation	NOUN
bjmsr-506	192	36	2	2	NUM
bjmsr-506	192	37	are	be	AUX
bjmsr-506	192	38	used	use	VERB
bjmsr-506	192	39	to	to	PART
bjmsr-506	192	40	measure	measure	VERB
bjmsr-506	192	41	predictability	predictability	NOUN
bjmsr-506	192	42	of	of	ADP
bjmsr-506	192	43	earnings	earning	NOUN
bjmsr-506	192	44	(	(	PUNCT
bjmsr-506	192	45	dichev	dichev	PROPN
bjmsr-506	192	46	&	&	CCONJ
bjmsr-506	192	47	tang	tang	PROPN
bjmsr-506	192	48	,	,	PUNCT
bjmsr-506	192	49	2009	2009	NUM
bjmsr-506	192	50	;	;	PUNCT
bjmsr-506	192	51	petrovic	petrovic	PROPN
bjmsr-506	192	52	,	,	PUNCT
bjmsr-506	192	53	manson	manson	PROPN
bjmsr-506	192	54	,	,	PUNCT
bjmsr-506	192	55	&	&	CCONJ
bjmsr-506	192	56	coakley	coakley	PROPN
bjmsr-506	192	57	,	,	PUNCT
bjmsr-506	192	58	2009	2009	NUM
bjmsr-506	192	59	;	;	PUNCT
bjmsr-506	192	60	ewert	ewert	PROPN
bjmsr-506	192	61	&	&	CCONJ
bjmsr-506	192	62	wagenhhofer	wagenhhofer	VERB
bjmsr-506	192	63	,	,	PUNCT
bjmsr-506	192	64	2010	2010	NUM
bjmsr-506	192	65	;	;	PUNCT
bjmsr-506	192	66	hamzavi	hamzavi	PROPN
bjmsr-506	192	67	&	&	CCONJ
bjmsr-506	192	68	aflatooni	aflatooni	PROPN
bjmsr-506	192	69	,	,	PUNCT
bjmsr-506	192	70	2011	2011	NUM
bjmsr-506	192	71	;	;	PUNCT
bjmsr-506	192	72	yosra	yosra	PROPN
bjmsr-506	192	73	&	&	CCONJ
bjmsr-506	192	74	fawzi	fawzi	PROPN
bjmsr-506	192	75	,	,	PUNCT
bjmsr-506	192	76	2015	2015	NUM
bjmsr-506	192	77	)	)	PUNCT
bjmsr-506	192	78	.	.	PUNCT
bjmsr-506	193	1	if	if	SCONJ
bjmsr-506	193	2	the	the	DET
bjmsr-506	193	3	r2	r2	PROPN
bjmsr-506	193	4	is	be	AUX
bjmsr-506	193	5	high	high	ADJ
bjmsr-506	193	6	then	then	ADV
bjmsr-506	193	7	the	the	DET
bjmsr-506	193	8	predictability	predictability	NOUN
bjmsr-506	193	9	of	of	ADP
bjmsr-506	193	10	earnings	earning	NOUN
bjmsr-506	193	11	is	be	AUX
bjmsr-506	193	12	high	high	ADJ
bjmsr-506	193	13	;	;	PUNCT
bjmsr-506	193	14	otherwise	otherwise	ADV
bjmsr-506	193	15	the	the	DET
bjmsr-506	193	16	predictability	predictability	NOUN
bjmsr-506	193	17	of	of	ADP
bjmsr-506	193	18	earnings	earning	NOUN
bjmsr-506	193	19	is	be	AUX
bjmsr-506	193	20	low	low	ADJ
bjmsr-506	193	21	.	.	PUNCT
bjmsr-506	194	1	according	accord	VERB
bjmsr-506	194	2	to	to	ADP
bjmsr-506	194	3	dichev	dichev	NOUN
bjmsr-506	194	4	and	and	CCONJ
bjmsr-506	194	5	tang	tang	PROPN
bjmsr-506	194	6	(	(	PUNCT
bjmsr-506	194	7	2009	2009	NUM
bjmsr-506	194	8	)	)	PUNCT
bjmsr-506	194	9	,	,	PUNCT
bjmsr-506	194	10	the	the	DET
bjmsr-506	194	11	value	value	NOUN
bjmsr-506	194	12	of	of	ADP
bjmsr-506	194	13	r2	r2	PROPN
bjmsr-506	194	14	if	if	SCONJ
bjmsr-506	194	15	predictability	predictability	NOUN
bjmsr-506	194	16	is	be	AUX
bjmsr-506	194	17	relative	relative	ADJ
bjmsr-506	194	18	to	to	ADP
bjmsr-506	194	19	volatility	volatility	NOUN
bjmsr-506	194	20	is	be	AUX
bjmsr-506	194	21	calculated	calculate	VERB
bjmsr-506	194	22	as	as	ADP
bjmsr-506	194	23	the	the	DET
bjmsr-506	194	24	squared	squared	NOUN
bjmsr-506	194	25	of	of	ADP
bjmsr-506	194	26	persistence	persistence	NOUN
bjmsr-506	194	27	coefficient	coefficient	NOUN
bjmsr-506	194	28	(	(	PUNCT
bjmsr-506	194	29	in	in	ADP
bjmsr-506	194	30	this	this	DET
bjmsr-506	194	31	case	case	NOUN
bjmsr-506	194	32	η1	η1	NOUN
bjmsr-506	194	33	in	in	ADP
bjmsr-506	194	34	equations	equation	NOUN
bjmsr-506	194	35	1&2	1&2	NUM
bjmsr-506	194	36	)	)	PUNCT
bjmsr-506	194	37	.	.	PUNCT
bjmsr-506	195	1	the	the	DET
bjmsr-506	195	2	volatility	volatility	NOUN
bjmsr-506	195	3	of	of	ADP
bjmsr-506	195	4	earnings	earning	NOUN
bjmsr-506	195	5	is	be	AUX
bjmsr-506	195	6	measured	measure	VERB
bjmsr-506	195	7	as	as	ADP
bjmsr-506	195	8	the	the	DET
bjmsr-506	195	9	coefficient	coefficient	NOUN
bjmsr-506	195	10	of	of	ADP
bjmsr-506	195	11	variation	variation	NOUN
bjmsr-506	195	12	of	of	ADP
bjmsr-506	195	13	the	the	DET
bjmsr-506	195	14	entire	entire	ADJ
bjmsr-506	195	15	historical	historical	ADJ
bjmsr-506	195	16	earnings	earning	NOUN
bjmsr-506	195	17	for	for	ADP
bjmsr-506	195	18	each	each	DET
bjmsr-506	195	19	firm	firm	NOUN
bjmsr-506	195	20	over	over	ADP
bjmsr-506	195	21	the	the	DET
bjmsr-506	195	22	period	period	NOUN
bjmsr-506	195	23	covered	cover	VERB
bjmsr-506	195	24	.	.	PUNCT
bjmsr-506	196	1	this	this	DET
bjmsr-506	196	2	measurement	measurement	NOUN
bjmsr-506	196	3	is	be	AUX
bjmsr-506	196	4	in	in	ADP
bjmsr-506	196	5	line	line	NOUN
bjmsr-506	196	6	with	with	ADP
bjmsr-506	196	7	the	the	DET
bjmsr-506	196	8	study	study	NOUN
bjmsr-506	196	9	of	of	ADP
bjmsr-506	196	10	das	das	PROPN
bjmsr-506	196	11	et	et	PROPN
bjmsr-506	196	12	al	al	PROPN
bjmsr-506	196	13	.	.	PROPN
bjmsr-506	196	14	,	,	PUNCT
bjmsr-506	196	15	(	(	PUNCT
bjmsr-506	196	16	1998	1998	NUM
bjmsr-506	196	17	)	)	PUNCT
bjmsr-506	196	18	.	.	PUNCT
bjmsr-506	197	1	the	the	DET
bjmsr-506	197	2	coefficient	coefficient	NOUN
bjmsr-506	197	3	of	of	ADP
bjmsr-506	197	4	variation	variation	NOUN
bjmsr-506	197	5	is	be	AUX
bjmsr-506	197	6	calculated	calculate	VERB
bjmsr-506	197	7	as	as	ADP
bjmsr-506	197	8	(	(	PUNCT
bjmsr-506	197	9	standard	standard	ADJ
bjmsr-506	197	10	deviation	deviation	NOUN
bjmsr-506	197	11	/	/	SYM
bjmsr-506	197	12	mean)*100	mean)*100	PROPN
bjmsr-506	197	13	(	(	PUNCT
bjmsr-506	197	14	black	black	ADJ
bjmsr-506	197	15	,	,	PUNCT
bjmsr-506	197	16	2010	2010	NUM
bjmsr-506	197	17	)	)	PUNCT
bjmsr-506	197	18	.	.	PUNCT
bjmsr-506	198	1	estimation	estimation	NOUN
bjmsr-506	198	2	techniques	technique	NOUN
bjmsr-506	198	3	equations	equation	NOUN
bjmsr-506	198	4	(	(	PUNCT
bjmsr-506	198	5	1	1	NUM
bjmsr-506	198	6	)	)	PUNCT
bjmsr-506	198	7	&	&	CCONJ
bjmsr-506	198	8	(	(	PUNCT
bjmsr-506	198	9	2	2	X
bjmsr-506	198	10	)	)	PUNCT
bjmsr-506	198	11	are	be	AUX
bjmsr-506	198	12	dynamic	dynamic	ADJ
bjmsr-506	198	13	panel	panel	NOUN
bjmsr-506	198	14	regression	regression	NOUN
bjmsr-506	198	15	models	model	NOUN
bjmsr-506	198	16	.	.	PUNCT
bjmsr-506	199	1	therefore	therefore	ADV
bjmsr-506	199	2	,	,	PUNCT
bjmsr-506	199	3	for	for	ADP
bjmsr-506	199	4	the	the	DET
bjmsr-506	199	5	purpose	purpose	NOUN
bjmsr-506	199	6	of	of	ADP
bjmsr-506	199	7	estimation	estimation	NOUN
bjmsr-506	199	8	,	,	PUNCT
bjmsr-506	199	9	arellano	arellano	PROPN
bjmsr-506	199	10	and	and	CCONJ
bjmsr-506	199	11	bond	bond	NOUN
bjmsr-506	199	12	(	(	PUNCT
bjmsr-506	199	13	1991	1991	NUM
bjmsr-506	199	14	)	)	PUNCT
bjmsr-506	199	15	stated	state	VERB
bjmsr-506	199	16	that	that	SCONJ
bjmsr-506	199	17	attention	attention	NOUN
bjmsr-506	199	18	should	should	AUX
bjmsr-506	199	19	be	be	AUX
bjmsr-506	199	20	paid	pay	VERB
bjmsr-506	199	21	to	to	ADP
bjmsr-506	199	22	certain	certain	ADJ
bjmsr-506	199	23	economic	economic	ADJ
bjmsr-506	199	24	problems	problem	NOUN
bjmsr-506	199	25	that	that	PRON
bjmsr-506	199	26	may	may	AUX
bjmsr-506	199	27	come	come	VERB
bjmsr-506	199	28	up	up	ADP
bjmsr-506	199	29	.	.	PUNCT
bjmsr-506	200	1	firstly	firstly	ADV
bjmsr-506	200	2	,	,	PUNCT
bjmsr-506	200	3	the	the	DET
bjmsr-506	200	4	inclusion	inclusion	NOUN
bjmsr-506	200	5	of	of	ADP
bjmsr-506	200	6	the	the	DET
bjmsr-506	200	7	lagged	lag	VERB
bjmsr-506	200	8	copyright	copyright	NOUN
bjmsr-506	200	9	©	©	PROPN
bjmsr-506	200	10	cc	cc	PROPN
bjmsr-506	200	11	-	-	PUNCT
bjmsr-506	200	12	by	by	ADP
bjmsr-506	200	13	-	-	PUNCT
bjmsr-506	200	14	nc	nc	PROPN
bjmsr-506	200	15	2020	2020	NUM
bjmsr-506	200	16	,	,	PUNCT
bjmsr-506	200	17	cribfb	cribfb	PROPN
bjmsr-506	200	18	|bjmsr	|bjmsr	PROPN
bjmsr-506	200	19	www.cribfb.com/journal/index.php/bjmsr	www.cribfb.com/journal/index.php/bjmsr	X
bjmsr-506	201	1	bangladesh	bangladesh	PROPN
bjmsr-506	201	2	journal	journal	PROPN
bjmsr-506	201	3	of	of	ADP
bjmsr-506	201	4	multidisciplinary	multidisciplinary	ADJ
bjmsr-506	201	5	scientific	scientific	ADJ
bjmsr-506	201	6	research	research	NOUN
bjmsr-506	201	7	vol	vol	NOUN
bjmsr-506	201	8	.	.	PROPN
bjmsr-506	202	1	2	2	NUM
bjmsr-506	202	2	,	,	PUNCT
bjmsr-506	202	3	no	no	INTJ
bjmsr-506	202	4	.	.	NOUN
bjmsr-506	202	5	1	1	NUM
bjmsr-506	202	6	;	;	PUNCT
bjmsr-506	202	7	2020	2020	NUM
bjmsr-506	202	8	28	28	NUM
bjmsr-506	202	9	dependent	dependent	ADJ
bjmsr-506	202	10	variable	variable	NOUN
bjmsr-506	202	11	as	as	ADP
bjmsr-506	202	12	explanatory	explanatory	ADJ
bjmsr-506	202	13	variable	variable	ADJ
bjmsr-506	202	14	introduces	introduce	NOUN
bjmsr-506	202	15	autocorrelation	autocorrelation	NOUN
bjmsr-506	202	16	.	.	PUNCT
bjmsr-506	203	1	secondly	secondly	ADV
bjmsr-506	203	2	,	,	PUNCT
bjmsr-506	203	3	the	the	DET
bjmsr-506	203	4	lagged	lag	VERB
bjmsr-506	203	5	dependent	dependent	ADJ
bjmsr-506	203	6	variable	variable	NOUN
bjmsr-506	203	7	is	be	AUX
bjmsr-506	203	8	correlated	correlate	VERB
bjmsr-506	203	9	with	with	ADP
bjmsr-506	203	10	the	the	DET
bjmsr-506	203	11	individual	individual	ADJ
bjmsr-506	203	12	characteristic	characteristic	NOUN
bjmsr-506	203	13	.	.	PUNCT
bjmsr-506	204	1	however	however	ADV
bjmsr-506	204	2	,	,	PUNCT
bjmsr-506	204	3	if	if	SCONJ
bjmsr-506	204	4	the	the	DET
bjmsr-506	204	5	model	model	NOUN
bjmsr-506	204	6	is	be	AUX
bjmsr-506	204	7	transformed	transform	VERB
bjmsr-506	204	8	by	by	ADP
bjmsr-506	204	9	taking	take	VERB
bjmsr-506	204	10	its	its	PRON
bjmsr-506	204	11	first	first	ADJ
bjmsr-506	204	12	difference	difference	NOUN
bjmsr-506	204	13	,	,	PUNCT
bjmsr-506	204	14	then	then	ADV
bjmsr-506	204	15	the	the	DET
bjmsr-506	204	16	effect	effect	NOUN
bjmsr-506	204	17	of	of	ADP
bjmsr-506	204	18	the	the	DET
bjmsr-506	204	19	individual	individual	ADJ
bjmsr-506	204	20	characteristic	characteristic	NOUN
bjmsr-506	204	21	disappears	disappear	VERB
bjmsr-506	204	22	.	.	PUNCT
bjmsr-506	205	1	nevertheless	nevertheless	ADV
bjmsr-506	205	2	,	,	PUNCT
bjmsr-506	205	3	the	the	DET
bjmsr-506	205	4	lagged	lag	VERB
bjmsr-506	205	5	dependent	dependent	ADJ
bjmsr-506	205	6	variable	variable	NOUN
bjmsr-506	205	7	is	be	AUX
bjmsr-506	205	8	still	still	ADV
bjmsr-506	205	9	correlated	correlate	VERB
bjmsr-506	205	10	with	with	ADP
bjmsr-506	205	11	the	the	DET
bjmsr-506	205	12	lagged	lag	VERB
bjmsr-506	205	13	error	error	NOUN
bjmsr-506	205	14	term	term	NOUN
bjmsr-506	205	15	.	.	PUNCT
bjmsr-506	206	1	thirdly	thirdly	ADV
bjmsr-506	206	2	,	,	PUNCT
bjmsr-506	206	3	it	it	PRON
bjmsr-506	206	4	is	be	AUX
bjmsr-506	206	5	possible	possible	ADJ
bjmsr-506	206	6	that	that	SCONJ
bjmsr-506	206	7	some	some	PRON
bjmsr-506	206	8	of	of	ADP
bjmsr-506	206	9	the	the	DET
bjmsr-506	206	10	explanatory	explanatory	ADJ
bjmsr-506	206	11	variables	variable	NOUN
bjmsr-506	206	12	are	be	AUX
bjmsr-506	206	13	endogenous	endogenous	ADJ
bjmsr-506	206	14	;	;	PUNCT
bjmsr-506	206	15	in	in	ADP
bjmsr-506	206	16	that	that	DET
bjmsr-506	206	17	case	case	NOUN
bjmsr-506	206	18	,	,	PUNCT
bjmsr-506	206	19	the	the	DET
bjmsr-506	206	20	explanatory	explanatory	ADJ
bjmsr-506	206	21	variables	variable	NOUN
bjmsr-506	206	22	would	would	AUX
bjmsr-506	206	23	correlate	correlate	VERB
bjmsr-506	206	24	with	with	ADP
bjmsr-506	206	25	the	the	DET
bjmsr-506	206	26	error	error	NOUN
bjmsr-506	206	27	.	.	PUNCT
bjmsr-506	207	1	fourthly	fourthly	ADV
bjmsr-506	207	2	,	,	PUNCT
bjmsr-506	207	3	the	the	DET
bjmsr-506	207	4	panel	panel	NOUN
bjmsr-506	207	5	data	datum	NOUN
bjmsr-506	207	6	set	set	VERB
bjmsr-506	207	7	is	be	AUX
bjmsr-506	207	8	such	such	ADJ
bjmsr-506	207	9	that	that	SCONJ
bjmsr-506	207	10	the	the	DET
bjmsr-506	207	11	time	time	NOUN
bjmsr-506	207	12	period	period	NOUN
bjmsr-506	207	13	(	(	PUNCT
bjmsr-506	207	14	time	time	NOUN
bjmsr-506	207	15	dimension	dimension	NOUN
bjmsr-506	207	16	)	)	PUNCT
bjmsr-506	207	17	is	be	AUX
bjmsr-506	207	18	less	less	ADJ
bjmsr-506	207	19	than	than	ADP
bjmsr-506	207	20	the	the	DET
bjmsr-506	207	21	cross	cross	ADJ
bjmsr-506	207	22	-	-	ADJ
bjmsr-506	207	23	sectional	sectional	ADJ
bjmsr-506	207	24	units	unit	NOUN
bjmsr-506	207	25	(	(	PUNCT
bjmsr-506	207	26	unit	unit	NOUN
bjmsr-506	207	27	dimension	dimension	NOUN
bjmsr-506	207	28	)	)	PUNCT
bjmsr-506	207	29	.	.	PUNCT
bjmsr-506	208	1	the	the	DET
bjmsr-506	208	2	implication	implication	NOUN
bjmsr-506	208	3	of	of	ADP
bjmsr-506	208	4	these	these	DET
bjmsr-506	208	5	economic	economic	ADJ
bjmsr-506	208	6	problems	problem	NOUN
bjmsr-506	208	7	is	be	AUX
bjmsr-506	208	8	that	that	SCONJ
bjmsr-506	208	9	the	the	DET
bjmsr-506	208	10	pooled	pooled	ADJ
bjmsr-506	208	11	ordinary	ordinary	ADJ
bjmsr-506	208	12	least	least	ADJ
bjmsr-506	208	13	square	square	ADJ
bjmsr-506	208	14	estimator	estimator	NOUN
bjmsr-506	208	15	,	,	PUNCT
bjmsr-506	208	16	fixed	fix	VERB
bjmsr-506	208	17	effect	effect	NOUN
bjmsr-506	208	18	panel	panel	NOUN
bjmsr-506	208	19	estimator	estimator	NOUN
bjmsr-506	208	20	,	,	PUNCT
bjmsr-506	208	21	and	and	CCONJ
bjmsr-506	208	22	the	the	DET
bjmsr-506	208	23	random	random	ADJ
bjmsr-506	208	24	effect	effect	NOUN
bjmsr-506	208	25	panel	panel	NOUN
bjmsr-506	208	26	estimator	estimator	NOUN
bjmsr-506	208	27	are	be	AUX
bjmsr-506	208	28	biased	biased	ADJ
bjmsr-506	208	29	and	and	CCONJ
bjmsr-506	208	30	inconsistent	inconsistent	ADJ
bjmsr-506	208	31	.	.	PUNCT
bjmsr-506	209	1	therefore	therefore	ADV
bjmsr-506	209	2	,	,	PUNCT
bjmsr-506	209	3	in	in	ADP
bjmsr-506	209	4	order	order	NOUN
bjmsr-506	209	5	to	to	PART
bjmsr-506	209	6	overcome	overcome	VERB
bjmsr-506	209	7	these	these	DET
bjmsr-506	209	8	problems	problem	NOUN
bjmsr-506	209	9	,	,	PUNCT
bjmsr-506	209	10	the	the	DET
bjmsr-506	209	11	blundell	blundell	NOUN
bjmsr-506	209	12	and	and	CCONJ
bjmsr-506	209	13	bond	bond	NOUN
bjmsr-506	209	14	(	(	PUNCT
bjmsr-506	209	15	1998	1998	NUM
bjmsr-506	209	16	)	)	PUNCT
bjmsr-506	209	17	system	system	NOUN
bjmsr-506	209	18	generalized	generalize	VERB
bjmsr-506	209	19	method	method	NOUN
bjmsr-506	209	20	of	of	ADP
bjmsr-506	209	21	moment	moment	NOUN
bjmsr-506	209	22	(	(	PUNCT
bjmsr-506	209	23	gmm	gmm	NOUN
bjmsr-506	209	24	)	)	PUNCT
bjmsr-506	209	25	estimator	estimator	NOUN
bjmsr-506	209	26	is	be	AUX
bjmsr-506	209	27	used	use	VERB
bjmsr-506	209	28	.	.	PUNCT
bjmsr-506	210	1	research	research	NOUN
bjmsr-506	210	2	design	design	NOUN
bjmsr-506	210	3	in	in	ADP
bjmsr-506	210	4	this	this	DET
bjmsr-506	210	5	study	study	NOUN
bjmsr-506	210	6	,	,	PUNCT
bjmsr-506	210	7	the	the	DET
bjmsr-506	210	8	ability	ability	NOUN
bjmsr-506	210	9	of	of	ADP
bjmsr-506	210	10	past	past	ADJ
bjmsr-506	210	11	earnings	earning	NOUN
bjmsr-506	210	12	to	to	PART
bjmsr-506	210	13	predict	predict	VERB
bjmsr-506	210	14	future	future	ADJ
bjmsr-506	210	15	earnings	earning	NOUN
bjmsr-506	210	16	is	be	AUX
bjmsr-506	210	17	examined	examine	VERB
bjmsr-506	210	18	.	.	PUNCT
bjmsr-506	211	1	following	follow	VERB
bjmsr-506	211	2	the	the	DET
bjmsr-506	211	3	past	past	ADJ
bjmsr-506	211	4	studies	study	NOUN
bjmsr-506	211	5	in	in	ADP
bjmsr-506	211	6	this	this	DET
bjmsr-506	211	7	field	field	NOUN
bjmsr-506	211	8	of	of	ADP
bjmsr-506	211	9	research	research	NOUN
bjmsr-506	211	10	,	,	PUNCT
bjmsr-506	211	11	current	current	ADJ
bjmsr-506	211	12	year	year	NOUN
bjmsr-506	211	13	earnings	earning	NOUN
bjmsr-506	211	14	were	be	AUX
bjmsr-506	211	15	regressed	regress	VERB
bjmsr-506	211	16	on	on	ADP
bjmsr-506	211	17	its	its	PRON
bjmsr-506	211	18	lagged	lag	VERB
bjmsr-506	211	19	value	value	NOUN
bjmsr-506	211	20	and	and	CCONJ
bjmsr-506	211	21	the	the	DET
bjmsr-506	211	22	variance	variance	NOUN
bjmsr-506	211	23	of	of	ADP
bjmsr-506	211	24	the	the	DET
bjmsr-506	211	25	error	error	NOUN
bjmsr-506	211	26	was	be	AUX
bjmsr-506	211	27	obtained	obtain	VERB
bjmsr-506	211	28	.	.	PUNCT
bjmsr-506	212	1	consequently	consequently	ADV
bjmsr-506	212	2	,	,	PUNCT
bjmsr-506	212	3	the	the	DET
bjmsr-506	212	4	standard	standard	ADJ
bjmsr-506	212	5	deviation	deviation	NOUN
bjmsr-506	212	6	of	of	ADP
bjmsr-506	212	7	the	the	DET
bjmsr-506	212	8	error	error	NOUN
bjmsr-506	212	9	(	(	PUNCT
bjmsr-506	212	10	square	square	ADJ
bjmsr-506	212	11	root	root	NOUN
bjmsr-506	212	12	of	of	ADP
bjmsr-506	212	13	the	the	DET
bjmsr-506	212	14	error	error	NOUN
bjmsr-506	212	15	variance	variance	NOUN
bjmsr-506	212	16	)	)	PUNCT
bjmsr-506	212	17	measures	measure	VERB
bjmsr-506	212	18	the	the	DET
bjmsr-506	212	19	predictability	predictability	NOUN
bjmsr-506	212	20	of	of	ADP
bjmsr-506	212	21	earnings	earning	NOUN
bjmsr-506	212	22	.	.	PUNCT
bjmsr-506	213	1	as	as	ADP
bjmsr-506	213	2	a	a	DET
bjmsr-506	213	3	result	result	NOUN
bjmsr-506	213	4	of	of	ADP
bjmsr-506	213	5	the	the	DET
bjmsr-506	213	6	procedure	procedure	NOUN
bjmsr-506	213	7	followed	follow	VERB
bjmsr-506	213	8	in	in	ADP
bjmsr-506	213	9	measuring	measure	VERB
bjmsr-506	213	10	predictability	predictability	NOUN
bjmsr-506	213	11	of	of	ADP
bjmsr-506	213	12	earnings	earning	NOUN
bjmsr-506	213	13	in	in	ADP
bjmsr-506	213	14	this	this	DET
bjmsr-506	213	15	study	study	NOUN
bjmsr-506	213	16	the	the	DET
bjmsr-506	213	17	causal	causal	PROPN
bjmsr-506	213	18	relationship	relationship	NOUN
bjmsr-506	213	19	research	research	NOUN
bjmsr-506	213	20	design	design	NOUN
bjmsr-506	213	21	was	be	AUX
bjmsr-506	213	22	used	use	VERB
bjmsr-506	213	23	.	.	PUNCT
bjmsr-506	214	1	population	population	NOUN
bjmsr-506	214	2	,	,	PUNCT
bjmsr-506	214	3	sample	sample	NOUN
bjmsr-506	214	4	and	and	CCONJ
bjmsr-506	214	5	data	data	VERB
bjmsr-506	214	6	the	the	DET
bjmsr-506	214	7	population	population	NOUN
bjmsr-506	214	8	of	of	ADP
bjmsr-506	214	9	this	this	DET
bjmsr-506	214	10	study	study	NOUN
bjmsr-506	214	11	consists	consist	VERB
bjmsr-506	214	12	of	of	ADP
bjmsr-506	214	13	all	all	DET
bjmsr-506	214	14	the	the	DET
bjmsr-506	214	15	companies	company	NOUN
bjmsr-506	214	16	listed	list	VERB
bjmsr-506	214	17	on	on	ADP
bjmsr-506	214	18	the	the	DET
bjmsr-506	214	19	stock	stock	NOUN
bjmsr-506	214	20	exchange	exchange	NOUN
bjmsr-506	214	21	not	not	PART
bjmsr-506	214	22	later	later	ADV
bjmsr-506	214	23	than	than	ADP
bjmsr-506	214	24	year	year	NOUN
bjmsr-506	214	25	1996	1996	NUM
bjmsr-506	214	26	.	.	PUNCT
bjmsr-506	215	1	the	the	DET
bjmsr-506	215	2	year	year	NOUN
bjmsr-506	215	3	1996	1996	NUM
bjmsr-506	215	4	was	be	AUX
bjmsr-506	215	5	chosen	choose	VERB
bjmsr-506	215	6	due	due	ADP
bjmsr-506	215	7	to	to	ADP
bjmsr-506	215	8	the	the	DET
bjmsr-506	215	9	nature	nature	NOUN
bjmsr-506	215	10	of	of	ADP
bjmsr-506	215	11	this	this	DET
bjmsr-506	215	12	study	study	NOUN
bjmsr-506	215	13	which	which	PRON
bjmsr-506	215	14	requires	require	VERB
bjmsr-506	215	15	historical	historical	ADJ
bjmsr-506	215	16	data	datum	NOUN
bjmsr-506	215	17	.	.	PUNCT
bjmsr-506	216	1	this	this	DET
bjmsr-506	216	2	population	population	NOUN
bjmsr-506	216	3	does	do	AUX
bjmsr-506	216	4	not	not	PART
bjmsr-506	216	5	include	include	VERB
bjmsr-506	216	6	companies	company	NOUN
bjmsr-506	216	7	in	in	ADP
bjmsr-506	216	8	the	the	DET
bjmsr-506	216	9	financial	financial	ADJ
bjmsr-506	216	10	sector	sector	NOUN
bjmsr-506	216	11	on	on	ADP
bjmsr-506	216	12	the	the	DET
bjmsr-506	216	13	basis	basis	NOUN
bjmsr-506	216	14	that	that	SCONJ
bjmsr-506	216	15	the	the	DET
bjmsr-506	216	16	sector	sector	NOUN
bjmsr-506	216	17	is	be	AUX
bjmsr-506	216	18	highly	highly	ADV
bjmsr-506	216	19	regulated	regulate	VERB
bjmsr-506	216	20	such	such	ADJ
bjmsr-506	216	21	that	that	SCONJ
bjmsr-506	216	22	its	its	PRON
bjmsr-506	216	23	inclusion	inclusion	NOUN
bjmsr-506	216	24	may	may	AUX
bjmsr-506	216	25	constitute	constitute	VERB
bjmsr-506	216	26	a	a	DET
bjmsr-506	216	27	serious	serious	ADJ
bjmsr-506	216	28	heterogeneity	heterogeneity	NOUN
bjmsr-506	216	29	problem	problem	NOUN
bjmsr-506	216	30	in	in	ADP
bjmsr-506	216	31	the	the	DET
bjmsr-506	216	32	study	study	NOUN
bjmsr-506	216	33	.	.	PUNCT
bjmsr-506	217	1	in	in	ADP
bjmsr-506	217	2	total	total	NOUN
bjmsr-506	217	3	,	,	PUNCT
bjmsr-506	217	4	seventy	seventy	NUM
bjmsr-506	217	5	three	three	NUM
bjmsr-506	217	6	(	(	PUNCT
bjmsr-506	217	7	73	73	NUM
bjmsr-506	217	8	)	)	PUNCT
bjmsr-506	217	9	companies	company	NOUN
bjmsr-506	217	10	constitute	constitute	VERB
bjmsr-506	217	11	the	the	DET
bjmsr-506	217	12	population	population	NOUN
bjmsr-506	217	13	of	of	ADP
bjmsr-506	217	14	this	this	DET
bjmsr-506	217	15	study	study	NOUN
bjmsr-506	217	16	;	;	PUNCT
bjmsr-506	217	17	and	and	CCONJ
bjmsr-506	217	18	the	the	DET
bjmsr-506	217	19	entire	entire	ADJ
bjmsr-506	217	20	seventy	seventy	NUM
bjmsr-506	217	21	three	three	NUM
bjmsr-506	217	22	(	(	PUNCT
bjmsr-506	217	23	73	73	NUM
bjmsr-506	217	24	)	)	PUNCT
bjmsr-506	217	25	companies	company	NOUN
bjmsr-506	217	26	were	be	AUX
bjmsr-506	217	27	examined	examine	VERB
bjmsr-506	217	28	to	to	PART
bjmsr-506	217	29	enhance	enhance	VERB
bjmsr-506	217	30	the	the	DET
bjmsr-506	217	31	generalization	generalization	NOUN
bjmsr-506	217	32	of	of	ADP
bjmsr-506	217	33	the	the	DET
bjmsr-506	217	34	findings	finding	NOUN
bjmsr-506	217	35	.	.	PUNCT
bjmsr-506	218	1	hence	hence	ADV
bjmsr-506	218	2	,	,	PUNCT
bjmsr-506	218	3	the	the	DET
bjmsr-506	218	4	study	study	NOUN
bjmsr-506	218	5	is	be	AUX
bjmsr-506	218	6	a	a	DET
bjmsr-506	218	7	census	census	NOUN
bjmsr-506	218	8	study	study	NOUN
bjmsr-506	218	9	since	since	SCONJ
bjmsr-506	218	10	no	no	DET
bjmsr-506	218	11	sample	sample	NOUN
bjmsr-506	218	12	was	be	AUX
bjmsr-506	218	13	selected	select	VERB
bjmsr-506	218	14	.	.	PUNCT
bjmsr-506	219	1	for	for	ADP
bjmsr-506	219	2	the	the	DET
bjmsr-506	219	3	purpose	purpose	NOUN
bjmsr-506	219	4	of	of	ADP
bjmsr-506	219	5	this	this	DET
bjmsr-506	219	6	study	study	NOUN
bjmsr-506	219	7	,	,	PUNCT
bjmsr-506	219	8	secondary	secondary	ADJ
bjmsr-506	219	9	data	datum	NOUN
bjmsr-506	219	10	were	be	AUX
bjmsr-506	219	11	used	use	VERB
bjmsr-506	219	12	and	and	CCONJ
bjmsr-506	219	13	were	be	AUX
bjmsr-506	219	14	obtained	obtain	VERB
bjmsr-506	219	15	from	from	ADP
bjmsr-506	219	16	the	the	DET
bjmsr-506	219	17	financial	financial	ADJ
bjmsr-506	219	18	statements	statement	NOUN
bjmsr-506	219	19	of	of	ADP
bjmsr-506	219	20	the	the	DET
bjmsr-506	219	21	companies	company	NOUN
bjmsr-506	219	22	studied	study	VERB
bjmsr-506	219	23	.	.	PUNCT
bjmsr-506	220	1	the	the	DET
bjmsr-506	220	2	data	datum	NOUN
bjmsr-506	220	3	obtained	obtain	VERB
bjmsr-506	220	4	was	be	AUX
bjmsr-506	220	5	the	the	DET
bjmsr-506	220	6	earnings	earning	NOUN
bjmsr-506	220	7	information	information	NOUN
bjmsr-506	220	8	for	for	ADP
bjmsr-506	220	9	all	all	DET
bjmsr-506	220	10	the	the	DET
bjmsr-506	220	11	firms	firm	NOUN
bjmsr-506	220	12	studied	study	VERB
bjmsr-506	220	13	.	.	PUNCT
bjmsr-506	221	1	earnings	earning	NOUN
bjmsr-506	221	2	are	be	AUX
bjmsr-506	221	3	measured	measure	VERB
bjmsr-506	221	4	as	as	ADP
bjmsr-506	221	5	the	the	DET
bjmsr-506	221	6	profit	profit	NOUN
bjmsr-506	221	7	on	on	ADP
bjmsr-506	221	8	ordinary	ordinary	ADJ
bjmsr-506	221	9	activities	activity	NOUN
bjmsr-506	221	10	after	after	ADP
bjmsr-506	221	11	tax	tax	NOUN
bjmsr-506	221	12	.	.	PUNCT
bjmsr-506	222	1	4	4	X
bjmsr-506	222	2	.	.	X
bjmsr-506	222	3	analysis	analysis	NOUN
bjmsr-506	222	4	and	and	CCONJ
bjmsr-506	222	5	results	result	VERB
bjmsr-506	222	6	table	table	VERB
bjmsr-506	222	7	1model	1model	NUM
bjmsr-506	222	8	1	1	NUM
bjmsr-506	222	9	presents	present	VERB
bjmsr-506	222	10	the	the	DET
bjmsr-506	222	11	estimation	estimation	NOUN
bjmsr-506	222	12	result	result	NOUN
bjmsr-506	222	13	of	of	ADP
bjmsr-506	222	14	the	the	DET
bjmsr-506	222	15	system	system	NOUN
bjmsr-506	222	16	dynamic	dynamic	ADJ
bjmsr-506	222	17	panel	panel	NOUN
bjmsr-506	222	18	for	for	ADP
bjmsr-506	222	19	model1	model1	PROPN
bjmsr-506	222	20	.	.	PUNCT
bjmsr-506	223	1	the	the	DET
bjmsr-506	223	2	result	result	NOUN
bjmsr-506	223	3	shows	show	VERB
bjmsr-506	223	4	that	that	SCONJ
bjmsr-506	223	5	the	the	DET
bjmsr-506	223	6	lagged	lag	VERB
bjmsr-506	223	7	dependent	dependent	ADJ
bjmsr-506	223	8	variable	variable	NOUN
bjmsr-506	223	9	(	(	PUNCT
bjmsr-506	223	10	earningsit-1	earningsit-1	PROPN
bjmsr-506	223	11	)	)	PUNCT
bjmsr-506	223	12	which	which	PRON
bjmsr-506	223	13	is	be	AUX
bjmsr-506	223	14	the	the	DET
bjmsr-506	223	15	autoregressive	autoregressive	ADJ
bjmsr-506	223	16	component	component	NOUN
bjmsr-506	223	17	of	of	ADP
bjmsr-506	223	18	the	the	DET
bjmsr-506	223	19	model	model	NOUN
bjmsr-506	223	20	has	have	VERB
bjmsr-506	223	21	a	a	DET
bjmsr-506	223	22	coefficient	coefficient	NOUN
bjmsr-506	223	23	of	of	ADP
bjmsr-506	223	24	0.7238752	0.7238752	NUM
bjmsr-506	223	25	and	and	CCONJ
bjmsr-506	223	26	it	it	PRON
bjmsr-506	223	27	is	be	AUX
bjmsr-506	223	28	significant	significant	ADJ
bjmsr-506	223	29	at	at	ADP
bjmsr-506	223	30	1	1	NUM
bjmsr-506	223	31	%	%	NOUN
bjmsr-506	223	32	levels	level	NOUN
bjmsr-506	223	33	(	(	PUNCT
bjmsr-506	223	34	p<0.01	p<0.01	PROPN
bjmsr-506	223	35	)	)	PUNCT
bjmsr-506	223	36	.	.	PUNCT
bjmsr-506	224	1	the	the	DET
bjmsr-506	224	2	r2	r2	PROPN
bjmsr-506	224	3	for	for	ADP
bjmsr-506	224	4	the	the	DET
bjmsr-506	224	5	model	model	NOUN
bjmsr-506	224	6	is	be	AUX
bjmsr-506	224	7	obtained	obtain	VERB
bjmsr-506	224	8	by	by	ADP
bjmsr-506	224	9	taking	take	VERB
bjmsr-506	224	10	the	the	DET
bjmsr-506	224	11	square	square	NOUN
bjmsr-506	224	12	of	of	ADP
bjmsr-506	224	13	the	the	DET
bjmsr-506	224	14	autoregressive	autoregressive	ADJ
bjmsr-506	224	15	coefficient	coefficient	NOUN
bjmsr-506	224	16	as	as	ADP
bjmsr-506	224	17	0.52	0.52	NUM
bjmsr-506	224	18	.	.	PUNCT
bjmsr-506	225	1	the	the	DET
bjmsr-506	225	2	model	model	NOUN
bjmsr-506	225	3	was	be	AUX
bjmsr-506	225	4	properly	properly	ADV
bjmsr-506	225	5	fitted	fit	VERB
bjmsr-506	225	6	as	as	SCONJ
bjmsr-506	225	7	shown	show	VERB
bjmsr-506	225	8	by	by	ADP
bjmsr-506	225	9	the	the	DET
bjmsr-506	225	10	significance	significance	NOUN
bjmsr-506	225	11	(	(	PUNCT
bjmsr-506	225	12	p<0.01	p<0.01	PROPN
bjmsr-506	225	13	)	)	PUNCT
bjmsr-506	225	14	of	of	ADP
bjmsr-506	225	15	the	the	DET
bjmsr-506	225	16	wald	wald	PROPN
bjmsr-506	225	17	statistics	statistic	NOUN
bjmsr-506	225	18	.	.	PUNCT
bjmsr-506	226	1	also	also	ADV
bjmsr-506	226	2	,	,	PUNCT
bjmsr-506	226	3	table	table	NOUN
bjmsr-506	226	4	1.2	1.2	NUM
bjmsr-506	226	5	shows	show	VERB
bjmsr-506	226	6	that	that	SCONJ
bjmsr-506	226	7	the	the	DET
bjmsr-506	226	8	absolute	absolute	ADJ
bjmsr-506	226	9	value	value	NOUN
bjmsr-506	226	10	of	of	ADP
bjmsr-506	226	11	the	the	DET
bjmsr-506	226	12	standard	standard	ADJ
bjmsr-506	226	13	deviation	deviation	NOUN
bjmsr-506	226	14	of	of	ADP
bjmsr-506	226	15	the	the	DET
bjmsr-506	226	16	error	error	NOUN
bjmsr-506	226	17	term	term	NOUN
bjmsr-506	226	18	for	for	ADP
bjmsr-506	226	19	model	model	NOUN
bjmsr-506	226	20	1	1	NUM
bjmsr-506	226	21	is	be	AUX
bjmsr-506	226	22	1371818	1371818	NUM
bjmsr-506	226	23	.	.	PUNCT
bjmsr-506	227	1	furthermore	furthermore	ADV
bjmsr-506	227	2	,	,	PUNCT
bjmsr-506	227	3	the	the	DET
bjmsr-506	227	4	coefficient	coefficient	NOUN
bjmsr-506	227	5	of	of	ADP
bjmsr-506	227	6	correlation	correlation	NOUN
bjmsr-506	227	7	between	between	ADP
bjmsr-506	227	8	earnings	earning	NOUN
bjmsr-506	227	9	and	and	CCONJ
bjmsr-506	227	10	the	the	DET
bjmsr-506	227	11	lagged	lag	VERB
bjmsr-506	227	12	value	value	NOUN
bjmsr-506	227	13	of	of	ADP
bjmsr-506	227	14	earnings	earning	NOUN
bjmsr-506	227	15	is	be	AUX
bjmsr-506	227	16	0.8754	0.8754	NUM
bjmsr-506	227	17	as	as	SCONJ
bjmsr-506	227	18	contained	contain	VERB
bjmsr-506	227	19	in	in	ADP
bjmsr-506	227	20	table	table	NOUN
bjmsr-506	227	21	1.3	1.3	NUM
bjmsr-506	227	22	.	.	PUNCT
bjmsr-506	228	1	the	the	DET
bjmsr-506	228	2	implication	implication	NOUN
bjmsr-506	228	3	of	of	ADP
bjmsr-506	228	4	this	this	DET
bjmsr-506	228	5	result	result	NOUN
bjmsr-506	228	6	is	be	AUX
bjmsr-506	228	7	that	that	SCONJ
bjmsr-506	228	8	half	half	NOUN
bjmsr-506	228	9	of	of	ADP
bjmsr-506	228	10	the	the	DET
bjmsr-506	228	11	total	total	ADJ
bjmsr-506	228	12	variation	variation	NOUN
bjmsr-506	228	13	in	in	ADP
bjmsr-506	228	14	earnings	earning	NOUN
bjmsr-506	228	15	is	be	AUX
bjmsr-506	228	16	explained	explain	VERB
bjmsr-506	228	17	by	by	ADP
bjmsr-506	228	18	its	its	PRON
bjmsr-506	228	19	own	own	ADJ
bjmsr-506	228	20	history	history	NOUN
bjmsr-506	228	21	,	,	PUNCT
bjmsr-506	228	22	therefore	therefore	ADV
bjmsr-506	228	23	it	it	PRON
bjmsr-506	228	24	can	can	AUX
bjmsr-506	228	25	be	be	AUX
bjmsr-506	228	26	deduced	deduce	VERB
bjmsr-506	228	27	that	that	SCONJ
bjmsr-506	228	28	there	there	PRON
bjmsr-506	228	29	is	be	VERB
bjmsr-506	228	30	evidence	evidence	NOUN
bjmsr-506	228	31	of	of	ADP
bjmsr-506	228	32	earnings	earning	NOUN
bjmsr-506	228	33	predictability	predictability	NOUN
bjmsr-506	228	34	.	.	PUNCT
bjmsr-506	229	1	table	table	NOUN
bjmsr-506	229	2	1	1	NUM
bjmsr-506	229	3	model	model	NOUN
bjmsr-506	229	4	1	1	NUM
bjmsr-506	229	5	:	:	PUNCT
bjmsr-506	229	6	system	system	NOUN
bjmsr-506	229	7	gmm	gmm	PROPN
bjmsr-506	229	8	panel	panel	NOUN
bjmsr-506	229	9	regression	regression	NOUN
bjmsr-506	229	10	results	result	VERB
bjmsr-506	229	11	source	source	NOUN
bjmsr-506	229	12	:	:	PUNCT
bjmsr-506	229	13	authors	author	NOUN
bjmsr-506	229	14	’	'	PUNCT
bjmsr-506	229	15	computation	computation	NOUN
bjmsr-506	229	16	,	,	PUNCT
bjmsr-506	229	17	(	(	PUNCT
bjmsr-506	229	18	2019	2019	NUM
bjmsr-506	229	19	)	)	PUNCT
bjmsr-506	229	20	standard	standard	NOUN
bjmsr-506	229	21	:	:	PUNCT
bjmsr-506	229	22	_	_	PUNCT
bjmsr-506	229	23	cons	con	NOUN
bjmsr-506	229	24	gmm	gmm	NOUN
bjmsr-506	229	25	-	-	PUNCT
bjmsr-506	229	26	type	type	NOUN
bjmsr-506	229	27	:	:	PUNCT
bjmsr-506	229	28	ld.earnings	ld.earnings	ADP
bjmsr-506	229	29	instruments	instrument	NOUN
bjmsr-506	229	30	for	for	ADP
bjmsr-506	229	31	level	level	NOUN
bjmsr-506	229	32	equation	equation	NOUN
bjmsr-506	229	33	gmm	gmm	NOUN
bjmsr-506	229	34	-	-	PUNCT
bjmsr-506	229	35	type	type	NOUN
bjmsr-506	229	36	:	:	PUNCT
bjmsr-506	229	37	l(2/.).earnings	l(2/.).earning	VERB
bjmsr-506	229	38	instruments	instrument	NOUN
bjmsr-506	229	39	for	for	ADP
bjmsr-506	229	40	differenced	differenced	ADJ
bjmsr-506	229	41	equation	equation	NOUN
bjmsr-506	229	42	_	_	PUNCT
bjmsr-506	229	43	cons	con	NOUN
bjmsr-506	229	44	391880.4	391880.4	NUM
bjmsr-506	229	45	4730.169	4730.169	NUM
bjmsr-506	229	46	82.85	82.85	NUM
bjmsr-506	229	47	0.000	0.000	NUM
bjmsr-506	229	48	382609.4	382609.4	NUM
bjmsr-506	229	49	401151.3	401151.3	NUM
bjmsr-506	229	50	l1	l1	NOUN
bjmsr-506	229	51	.	.	PUNCT
bjmsr-506	230	1	.7238752	.7238752	X
bjmsr-506	230	2	.0003463	.0003463	PROPN
bjmsr-506	231	1	2090.42	2090.42	NUM
bjmsr-506	231	2	0.000	0.000	NUM
bjmsr-506	231	3	.7231965	.7231965	NOUN
bjmsr-506	231	4	.7245539	.7245539	PUNCT
bjmsr-506	231	5	earnings	earning	NOUN
bjmsr-506	231	6	earnings	earning	NOUN
bjmsr-506	231	7	coef	coef	X
bjmsr-506	231	8	.	.	PUNCT
bjmsr-506	232	1	std	std	NOUN
bjmsr-506	232	2	.	.	PUNCT
bjmsr-506	233	1	err	err	NOUN
bjmsr-506	233	2	.	.	PUNCT
bjmsr-506	234	1	z	z	NOUN
bjmsr-506	234	2	p>|z|	p>|z|	VERB
bjmsr-506	234	3	[	[	X
bjmsr-506	234	4	95	95	NUM
bjmsr-506	234	5	%	%	NOUN
bjmsr-506	234	6	conf	conf	NOUN
bjmsr-506	234	7	.	.	PUNCT
bjmsr-506	235	1	interval	interval	NOUN
bjmsr-506	235	2	]	]	PUNCT
bjmsr-506	235	3	wc	wc	ADJ
bjmsr-506	235	4	-	-	ADJ
bjmsr-506	235	5	robust	robust	ADJ
bjmsr-506	235	6	two	two	NUM
bjmsr-506	235	7	-	-	PUNCT
bjmsr-506	235	8	step	step	NOUN
bjmsr-506	235	9	results	result	NOUN
bjmsr-506	235	10	prob	prob	PROPN
bjmsr-506	235	11	>	>	X
bjmsr-506	235	12	chi2	chi2	PROPN
bjmsr-506	236	1	=	=	NOUN
bjmsr-506	237	1	0.0000	0.0000	NUM
bjmsr-506	237	2	number	number	NOUN
bjmsr-506	237	3	of	of	ADP
bjmsr-506	237	4	instruments	instrument	NOUN
bjmsr-506	237	5	=	=	SYM
bjmsr-506	237	6	184	184	NUM
bjmsr-506	237	7	wald	wald	X
bjmsr-506	237	8	chi2(1	chi2(1	NOUN
bjmsr-506	237	9	)	)	PUNCT
bjmsr-506	237	10	=	=	PUNCT
bjmsr-506	238	1	4.37e+06	4.37e+06	NUM
bjmsr-506	238	2	max	max	NOUN
bjmsr-506	238	3	=	=	SYM
bjmsr-506	238	4	19	19	NUM
bjmsr-506	238	5	avg	avg	NOUN
bjmsr-506	238	6	=	=	SYM
bjmsr-506	238	7	13.16438	13.16438	NUM
bjmsr-506	238	8	obs	obs	PROPN
bjmsr-506	238	9	per	per	ADP
bjmsr-506	238	10	group	group	NOUN
bjmsr-506	238	11	:	:	PUNCT
bjmsr-506	238	12	min	min	NOUN
bjmsr-506	238	13	=	=	SYM
bjmsr-506	238	14	1	1	NUM
bjmsr-506	238	15	time	time	NOUN
bjmsr-506	238	16	variable	variable	NOUN
bjmsr-506	238	17	:	:	PUNCT
bjmsr-506	238	18	year	year	NOUN
bjmsr-506	238	19	group	group	NOUN
bjmsr-506	238	20	variable	variable	NOUN
bjmsr-506	238	21	:	:	PUNCT
bjmsr-506	238	22	firm	firm	ADJ
bjmsr-506	238	23	number	number	NOUN
bjmsr-506	238	24	of	of	ADP
bjmsr-506	238	25	groups	group	NOUN
bjmsr-506	238	26	=	=	SYM
bjmsr-506	238	27	73	73	NUM
bjmsr-506	238	28	system	system	NOUN
bjmsr-506	238	29	dynamic	dynamic	ADJ
bjmsr-506	238	30	panel	panel	NOUN
bjmsr-506	238	31	-	-	PUNCT
bjmsr-506	238	32	data	datum	NOUN
bjmsr-506	238	33	estimation	estimation	NOUN
bjmsr-506	238	34	number	number	NOUN
bjmsr-506	238	35	of	of	ADP
bjmsr-506	238	36	obs	obs	PROPN
bjmsr-506	238	37	=	=	NOUN
bjmsr-506	238	38	961	961	NUM
bjmsr-506	238	39	copyright	copyright	NOUN
bjmsr-506	238	40	©	©	PROPN
bjmsr-506	238	41	cc	cc	PROPN
bjmsr-506	238	42	-	-	PUNCT
bjmsr-506	238	43	by	by	ADP
bjmsr-506	238	44	-	-	PUNCT
bjmsr-506	238	45	nc	nc	PROPN
bjmsr-506	238	46	2020	2020	NUM
bjmsr-506	238	47	,	,	PUNCT
bjmsr-506	238	48	cribfb	cribfb	PROPN
bjmsr-506	238	49	|bjmsr	|bjmsr	PROPN
bjmsr-506	238	50	www.cribfb.com/journal/index.php/bjmsr	www.cribfb.com/journal/index.php/bjmsr	X
bjmsr-506	238	51	bangladesh	bangladesh	PROPN
bjmsr-506	238	52	journal	journal	PROPN
bjmsr-506	238	53	of	of	ADP
bjmsr-506	238	54	multidisciplinary	multidisciplinary	ADJ
bjmsr-506	238	55	scientific	scientific	ADJ
bjmsr-506	238	56	research	research	NOUN
bjmsr-506	238	57	vol	vol	NOUN
bjmsr-506	238	58	.	.	PROPN
bjmsr-506	238	59	2	2	NUM
bjmsr-506	238	60	,	,	PUNCT
bjmsr-506	238	61	no	no	INTJ
bjmsr-506	238	62	.	.	NOUN
bjmsr-506	238	63	1	1	NUM
bjmsr-506	238	64	;	;	PUNCT
bjmsr-506	238	65	2020	2020	NUM
bjmsr-506	238	66	29	29	NUM
bjmsr-506	238	67	table	table	NOUN
bjmsr-506	238	68	1.2	1.2	NUM
bjmsr-506	238	69	standard	standard	ADJ
bjmsr-506	238	70	deviation	deviation	NOUN
bjmsr-506	238	71	of	of	ADP
bjmsr-506	238	72	residual	residual	ADJ
bjmsr-506	238	73	table	table	NOUN
bjmsr-506	238	74	1.3	1.3	NUM
bjmsr-506	238	75	correlation	correlation	NOUN
bjmsr-506	238	76	matrix	matrix	NOUN
bjmsr-506	238	77	source	source	NOUN
bjmsr-506	238	78	:	:	PUNCT
bjmsr-506	238	79	authors	author	NOUN
bjmsr-506	238	80	’	'	PUNCT
bjmsr-506	238	81	computation	computation	NOUN
bjmsr-506	238	82	,	,	PUNCT
bjmsr-506	238	83	(	(	PUNCT
bjmsr-506	238	84	2019	2019	NUM
bjmsr-506	238	85	)	)	PUNCT
bjmsr-506	238	86	however	however	ADV
bjmsr-506	238	87	,	,	PUNCT
bjmsr-506	238	88	the	the	DET
bjmsr-506	238	89	result	result	NOUN
bjmsr-506	238	90	equally	equally	ADV
bjmsr-506	238	91	implies	imply	VERB
bjmsr-506	238	92	that	that	SCONJ
bjmsr-506	238	93	almost	almost	ADV
bjmsr-506	238	94	half	half	NOUN
bjmsr-506	238	95	of	of	ADP
bjmsr-506	238	96	the	the	DET
bjmsr-506	238	97	total	total	ADJ
bjmsr-506	238	98	variation	variation	NOUN
bjmsr-506	238	99	in	in	ADP
bjmsr-506	238	100	earnings	earning	NOUN
bjmsr-506	238	101	is	be	AUX
bjmsr-506	238	102	explained	explain	VERB
bjmsr-506	238	103	by	by	ADP
bjmsr-506	238	104	other	other	ADJ
bjmsr-506	238	105	factors	factor	NOUN
bjmsr-506	238	106	other	other	ADJ
bjmsr-506	238	107	than	than	ADP
bjmsr-506	238	108	the	the	DET
bjmsr-506	238	109	history	history	NOUN
bjmsr-506	238	110	of	of	ADP
bjmsr-506	238	111	itself	itself	PRON
bjmsr-506	238	112	.	.	PUNCT
bjmsr-506	239	1	it	it	PRON
bjmsr-506	239	2	can	can	AUX
bjmsr-506	239	3	be	be	AUX
bjmsr-506	239	4	said	say	VERB
bjmsr-506	239	5	therefore	therefore	ADV
bjmsr-506	239	6	that	that	DET
bjmsr-506	239	7	evidence	evidence	NOUN
bjmsr-506	239	8	of	of	ADP
bjmsr-506	239	9	earnings	earning	NOUN
bjmsr-506	239	10	predictability	predictability	NOUN
bjmsr-506	239	11	is	be	AUX
bjmsr-506	239	12	just	just	ADV
bjmsr-506	239	13	moderate	moderate	ADJ
bjmsr-506	239	14	and	and	CCONJ
bjmsr-506	239	15	not	not	PART
bjmsr-506	239	16	so	so	ADV
bjmsr-506	239	17	high	high	ADJ
bjmsr-506	239	18	.	.	PUNCT
bjmsr-506	240	1	this	this	DET
bjmsr-506	240	2	result	result	NOUN
bjmsr-506	240	3	is	be	AUX
bjmsr-506	240	4	consistent	consistent	ADJ
bjmsr-506	240	5	with	with	ADP
bjmsr-506	240	6	the	the	DET
bjmsr-506	240	7	work	work	NOUN
bjmsr-506	240	8	of	of	ADP
bjmsr-506	240	9	holt	holt	PROPN
bjmsr-506	240	10	(	(	PUNCT
bjmsr-506	240	11	2013	2013	NUM
bjmsr-506	240	12	)	)	PUNCT
bjmsr-506	240	13	who	who	PRON
bjmsr-506	240	14	found	find	VERB
bjmsr-506	240	15	evidence	evidence	NOUN
bjmsr-506	240	16	of	of	ADP
bjmsr-506	240	17	earnings	earning	NOUN
bjmsr-506	240	18	predictability	predictability	NOUN
bjmsr-506	240	19	.	.	PUNCT
bjmsr-506	241	1	on	on	ADP
bjmsr-506	241	2	the	the	DET
bjmsr-506	241	3	other	other	ADJ
bjmsr-506	241	4	hand	hand	NOUN
bjmsr-506	241	5	,	,	PUNCT
bjmsr-506	241	6	the	the	DET
bjmsr-506	241	7	result	result	NOUN
bjmsr-506	241	8	is	be	AUX
bjmsr-506	241	9	different	different	ADJ
bjmsr-506	241	10	from	from	ADP
bjmsr-506	241	11	the	the	DET
bjmsr-506	241	12	results	result	NOUN
bjmsr-506	241	13	reported	report	VERB
bjmsr-506	241	14	by	by	ADP
bjmsr-506	241	15	ebirien	ebirien	NOUN
bjmsr-506	241	16	and	and	CCONJ
bjmsr-506	241	17	nwanyanwu	nwanyanwu	PROPN
bjmsr-506	241	18	(	(	PUNCT
bjmsr-506	241	19	2017	2017	NUM
bjmsr-506	241	20	)	)	PUNCT
bjmsr-506	241	21	;	;	PUNCT
bjmsr-506	241	22	uwuigbe	uwuigbe	NOUN
bjmsr-506	241	23	et	et	PROPN
bjmsr-506	241	24	al	al	PROPN
bjmsr-506	241	25	.	.	PROPN
bjmsr-506	241	26	(	(	PUNCT
bjmsr-506	241	27	2017	2017	NUM
bjmsr-506	241	28	)	)	PUNCT
bjmsr-506	241	29	who	who	PRON
bjmsr-506	241	30	found	find	VERB
bjmsr-506	241	31	no	no	DET
bjmsr-506	241	32	evidence	evidence	NOUN
bjmsr-506	241	33	of	of	ADP
bjmsr-506	241	34	earnings	earning	NOUN
bjmsr-506	241	35	predictability	predictability	NOUN
bjmsr-506	241	36	.	.	PUNCT
bjmsr-506	242	1	the	the	DET
bjmsr-506	242	2	inconsistency	inconsistency	NOUN
bjmsr-506	242	3	in	in	ADP
bjmsr-506	242	4	findings	finding	NOUN
bjmsr-506	242	5	especially	especially	ADV
bjmsr-506	242	6	in	in	ADP
bjmsr-506	242	7	nigeria	nigeria	PROPN
bjmsr-506	242	8	may	may	AUX
bjmsr-506	242	9	be	be	AUX
bjmsr-506	242	10	attributed	attribute	VERB
bjmsr-506	242	11	to	to	ADP
bjmsr-506	242	12	the	the	DET
bjmsr-506	242	13	fact	fact	NOUN
bjmsr-506	242	14	that	that	SCONJ
bjmsr-506	242	15	the	the	DET
bjmsr-506	242	16	works	work	NOUN
bjmsr-506	242	17	of	of	ADP
bjmsr-506	242	18	ebirien	ebirien	NOUN
bjmsr-506	242	19	and	and	CCONJ
bjmsr-506	242	20	nwanyanwu	nwanyanwu	PROPN
bjmsr-506	242	21	(	(	PUNCT
bjmsr-506	242	22	2017	2017	NUM
bjmsr-506	242	23	)	)	PUNCT
bjmsr-506	242	24	;	;	PUNCT
bjmsr-506	242	25	uwuigbe	uwuigbe	NOUN
bjmsr-506	242	26	et	et	PROPN
bjmsr-506	242	27	al	al	PROPN
bjmsr-506	242	28	.	.	PROPN
bjmsr-506	242	29	(	(	PUNCT
bjmsr-506	242	30	2017	2017	NUM
bjmsr-506	242	31	)	)	PUNCT
bjmsr-506	242	32	were	be	AUX
bjmsr-506	242	33	focus	focus	VERB
bjmsr-506	242	34	on	on	ADP
bjmsr-506	242	35	the	the	DET
bjmsr-506	242	36	financial	financial	ADJ
bjmsr-506	242	37	service	service	NOUN
bjmsr-506	242	38	sector	sector	NOUN
bjmsr-506	242	39	while	while	SCONJ
bjmsr-506	242	40	this	this	DET
bjmsr-506	242	41	study	study	NOUN
bjmsr-506	242	42	focus	focus	VERB
bjmsr-506	242	43	on	on	ADP
bjmsr-506	242	44	other	other	ADJ
bjmsr-506	242	45	sectors	sector	NOUN
bjmsr-506	242	46	other	other	ADJ
bjmsr-506	242	47	than	than	ADP
bjmsr-506	242	48	the	the	DET
bjmsr-506	242	49	financial	financial	ADJ
bjmsr-506	242	50	sector	sector	NOUN
bjmsr-506	242	51	.	.	PUNCT
bjmsr-506	243	1	furthermore	furthermore	ADV
bjmsr-506	243	2	,	,	PUNCT
bjmsr-506	243	3	in	in	ADP
bjmsr-506	243	4	order	order	NOUN
bjmsr-506	243	5	to	to	PART
bjmsr-506	243	6	examine	examine	VERB
bjmsr-506	243	7	the	the	DET
bjmsr-506	243	8	effect	effect	NOUN
bjmsr-506	243	9	of	of	ADP
bjmsr-506	243	10	earnings	earning	NOUN
bjmsr-506	243	11	volatility	volatility	NOUN
bjmsr-506	243	12	on	on	ADP
bjmsr-506	243	13	earnings	earning	NOUN
bjmsr-506	243	14	predictability	predictability	NOUN
bjmsr-506	243	15	,	,	PUNCT
bjmsr-506	243	16	model	model	NOUN
bjmsr-506	243	17	2	2	NUM
bjmsr-506	243	18	was	be	AUX
bjmsr-506	243	19	estimated	estimate	VERB
bjmsr-506	243	20	and	and	CCONJ
bjmsr-506	243	21	the	the	DET
bjmsr-506	243	22	results	result	NOUN
bjmsr-506	243	23	are	be	AUX
bjmsr-506	243	24	contained	contain	VERB
bjmsr-506	243	25	in	in	ADP
bjmsr-506	243	26	table	table	NOUN
bjmsr-506	243	27	2	2	NUM
bjmsr-506	243	28	,	,	PUNCT
bjmsr-506	243	29	model	model	NOUN
bjmsr-506	243	30	2	2	NUM
bjmsr-506	243	31	.	.	PUNCT
bjmsr-506	244	1	this	this	DET
bjmsr-506	244	2	table	table	NOUN
bjmsr-506	244	3	shows	show	VERB
bjmsr-506	244	4	that	that	SCONJ
bjmsr-506	244	5	the	the	DET
bjmsr-506	244	6	autoregressive	autoregressive	ADJ
bjmsr-506	244	7	coefficient	coefficient	NOUN
bjmsr-506	244	8	is	be	AUX
bjmsr-506	244	9	0.775673	0.775673	NUM
bjmsr-506	244	10	and	and	CCONJ
bjmsr-506	244	11	it	it	PRON
bjmsr-506	244	12	is	be	AUX
bjmsr-506	244	13	significant	significant	ADJ
bjmsr-506	244	14	at	at	ADP
bjmsr-506	244	15	1	1	NUM
bjmsr-506	244	16	%	%	NOUN
bjmsr-506	244	17	significance	significance	NOUN
bjmsr-506	244	18	level	level	NOUN
bjmsr-506	244	19	(	(	PUNCT
bjmsr-506	244	20	p<0.01	p<0.01	PROPN
bjmsr-506	244	21	)	)	PUNCT
bjmsr-506	244	22	.	.	PUNCT
bjmsr-506	245	1	the	the	DET
bjmsr-506	245	2	table	table	NOUN
bjmsr-506	245	3	also	also	ADV
bjmsr-506	245	4	reveals	reveal	VERB
bjmsr-506	245	5	that	that	SCONJ
bjmsr-506	245	6	the	the	DET
bjmsr-506	245	7	coefficient	coefficient	NOUN
bjmsr-506	245	8	of	of	ADP
bjmsr-506	245	9	the	the	DET
bjmsr-506	245	10	interaction	interaction	NOUN
bjmsr-506	245	11	between	between	ADP
bjmsr-506	245	12	the	the	DET
bjmsr-506	245	13	lagged	lag	VERB
bjmsr-506	245	14	dependent	dependent	ADJ
bjmsr-506	245	15	variable	variable	NOUN
bjmsr-506	245	16	and	and	CCONJ
bjmsr-506	245	17	volatility	volatility	NOUN
bjmsr-506	245	18	is	be	AUX
bjmsr-506	245	19	-0.0766498	-0.0766498	ADJ
bjmsr-506	245	20	and	and	CCONJ
bjmsr-506	245	21	it	it	PRON
bjmsr-506	245	22	is	be	AUX
bjmsr-506	245	23	significant	significant	ADJ
bjmsr-506	245	24	at	at	ADP
bjmsr-506	245	25	1	1	NUM
bjmsr-506	245	26	%	%	NOUN
bjmsr-506	245	27	significance	significance	NOUN
bjmsr-506	245	28	level	level	NOUN
bjmsr-506	245	29	(	(	PUNCT
bjmsr-506	245	30	p<0.01	p<0.01	PROPN
bjmsr-506	245	31	)	)	PUNCT
bjmsr-506	245	32	.	.	PUNCT
bjmsr-506	246	1	adjusting	adjust	VERB
bjmsr-506	246	2	for	for	ADP
bjmsr-506	246	3	the	the	DET
bjmsr-506	246	4	effect	effect	NOUN
bjmsr-506	246	5	of	of	ADP
bjmsr-506	246	6	volatility	volatility	NOUN
bjmsr-506	246	7	,	,	PUNCT
bjmsr-506	246	8	the	the	DET
bjmsr-506	246	9	autoregressive	autoregressive	ADJ
bjmsr-506	246	10	coefficient	coefficient	NOUN
bjmsr-506	246	11	is	be	AUX
bjmsr-506	246	12	added	add	VERB
bjmsr-506	246	13	to	to	ADP
bjmsr-506	246	14	the	the	DET
bjmsr-506	246	15	interaction	interaction	NOUN
bjmsr-506	246	16	coefficient	coefficient	NOUN
bjmsr-506	246	17	as	as	ADP
bjmsr-506	246	18	0.775673	0.775673	NUM
bjmsr-506	246	19	+	+	CCONJ
bjmsr-506	246	20	(	(	PUNCT
bjmsr-506	246	21	-0.0766498	-0.0766498	NOUN
bjmsr-506	246	22	)	)	PUNCT
bjmsr-506	246	23	which	which	PRON
bjmsr-506	246	24	is	be	AUX
bjmsr-506	246	25	equal	equal	ADJ
bjmsr-506	246	26	to	to	ADP
bjmsr-506	246	27	0.6990232	0.6990232	NUM
bjmsr-506	246	28	.	.	PUNCT
bjmsr-506	247	1	this	this	DET
bjmsr-506	247	2	figure	figure	NOUN
bjmsr-506	247	3	is	be	AUX
bjmsr-506	247	4	used	use	VERB
bjmsr-506	247	5	to	to	PART
bjmsr-506	247	6	obtain	obtain	VERB
bjmsr-506	247	7	the	the	DET
bjmsr-506	247	8	value	value	NOUN
bjmsr-506	247	9	of	of	ADP
bjmsr-506	247	10	r2	r2	PROPN
bjmsr-506	247	11	for	for	ADP
bjmsr-506	247	12	model	model	NOUN
bjmsr-506	247	13	2	2	NUM
bjmsr-506	247	14	as	as	ADP
bjmsr-506	247	15	(	(	PUNCT
bjmsr-506	247	16	0.6990232)2	0.6990232)2	NUM
bjmsr-506	247	17	which	which	PRON
bjmsr-506	247	18	is	be	AUX
bjmsr-506	247	19	equal	equal	ADJ
bjmsr-506	247	20	to	to	ADP
bjmsr-506	247	21	0.49	0.49	NUM
bjmsr-506	247	22	.	.	PUNCT
bjmsr-506	248	1	furthermore	furthermore	ADV
bjmsr-506	248	2	,	,	PUNCT
bjmsr-506	248	3	table	table	NOUN
bjmsr-506	248	4	2.1	2.1	NUM
bjmsr-506	248	5	reveals	reveal	VERB
bjmsr-506	248	6	that	that	SCONJ
bjmsr-506	248	7	the	the	DET
bjmsr-506	248	8	standard	standard	ADJ
bjmsr-506	248	9	deviation	deviation	NOUN
bjmsr-506	248	10	of	of	ADP
bjmsr-506	248	11	the	the	DET
bjmsr-506	248	12	error	error	NOUN
bjmsr-506	248	13	term	term	NOUN
bjmsr-506	248	14	for	for	ADP
bjmsr-506	248	15	model	model	NOUN
bjmsr-506	248	16	2	2	NUM
bjmsr-506	248	17	is	be	AUX
bjmsr-506	248	18	1706428	1706428	NUM
bjmsr-506	248	19	.	.	PUNCT
bjmsr-506	249	1	it	it	PRON
bjmsr-506	249	2	shows	show	VERB
bjmsr-506	249	3	that	that	SCONJ
bjmsr-506	249	4	the	the	DET
bjmsr-506	249	5	autoregressive	autoregressive	ADJ
bjmsr-506	249	6	coefficient	coefficient	NOUN
bjmsr-506	249	7	dropped	drop	VERB
bjmsr-506	249	8	after	after	ADP
bjmsr-506	249	9	adjusting	adjust	VERB
bjmsr-506	249	10	for	for	ADP
bjmsr-506	249	11	the	the	DET
bjmsr-506	249	12	effect	effect	NOUN
bjmsr-506	249	13	of	of	ADP
bjmsr-506	249	14	volatility	volatility	NOUN
bjmsr-506	249	15	.	.	PUNCT
bjmsr-506	250	1	also	also	ADV
bjmsr-506	250	2	,	,	PUNCT
bjmsr-506	250	3	the	the	DET
bjmsr-506	250	4	value	value	NOUN
bjmsr-506	250	5	of	of	ADP
bjmsr-506	250	6	r2	r2	PROPN
bjmsr-506	250	7	dropped	drop	VERB
bjmsr-506	250	8	after	after	ADP
bjmsr-506	250	9	adjusting	adjust	VERB
bjmsr-506	250	10	for	for	ADP
bjmsr-506	250	11	volatility	volatility	NOUN
bjmsr-506	250	12	.	.	PUNCT
bjmsr-506	251	1	table	table	NOUN
bjmsr-506	251	2	2	2	NUM
bjmsr-506	251	3	model	model	NOUN
bjmsr-506	251	4	2	2	NUM
bjmsr-506	251	5	source	source	NOUN
bjmsr-506	251	6	:	:	PUNCT
bjmsr-506	251	7	authors	author	NOUN
bjmsr-506	251	8	’	'	PUNCT
bjmsr-506	251	9	computation	computation	NOUN
bjmsr-506	251	10	,	,	PUNCT
bjmsr-506	251	11	(	(	PUNCT
bjmsr-506	251	12	2019	2019	NUM
bjmsr-506	251	13	)	)	PUNCT
bjmsr-506	251	14	min	min	NOUN
bjmsr-506	251	15	-8165224	-8165224	PROPN
bjmsr-506	251	16	cv	cv	PROPN
bjmsr-506	251	17	10717.69	10717.69	NUM
bjmsr-506	251	18	max	max	NOUN
bjmsr-506	251	19	1.37e+07	1.37e+07	NUM
bjmsr-506	251	20	sd	sd	ADP
bjmsr-506	251	21	1371818	1371818	NUM
bjmsr-506	251	22	variance	variance	NOUN
bjmsr-506	251	23	1.88e+12	1.88e+12	NUM
bjmsr-506	251	24	mean	mean	VERB
bjmsr-506	251	25	127.9957	127.9957	NUM
bjmsr-506	251	26	stats	stat	NOUN
bjmsr-506	251	27	resid	resid	VERB
bjmsr-506	251	28	volatility	volatility	NOUN
bjmsr-506	251	29	0.0765	0.0765	NUM
bjmsr-506	251	30	0.0777	0.0777	NUM
bjmsr-506	251	31	1.0000	1.0000	NUM
bjmsr-506	251	32	earngslag	earngslag	NOUN
bjmsr-506	251	33	0.8754	0.8754	NUM
bjmsr-506	251	34	1.0000	1.0000	NUM
bjmsr-506	251	35	earnings	earning	NOUN
bjmsr-506	251	36	1.0000	1.0000	NUM
bjmsr-506	251	37	earnings	earning	NOUN
bjmsr-506	251	38	earngs	earng	NOUN
bjmsr-506	251	39	~	~	PUNCT
bjmsr-506	251	40	g	g	PROPN
bjmsr-506	251	41	volati	volati	X
bjmsr-506	251	42	~	~	SYM
bjmsr-506	251	43	y	y	PROPN
bjmsr-506	251	44	standard	standard	NOUN
bjmsr-506	251	45	:	:	PUNCT
bjmsr-506	251	46	_	_	PUNCT
bjmsr-506	251	47	cons	con	NOUN
bjmsr-506	251	48	gmm	gmm	NOUN
bjmsr-506	251	49	-	-	PUNCT
bjmsr-506	251	50	type	type	NOUN
bjmsr-506	251	51	:	:	PUNCT
bjmsr-506	251	52	ld.earnings	ld.earnings	ADP
bjmsr-506	251	53	instruments	instrument	NOUN
bjmsr-506	251	54	for	for	ADP
bjmsr-506	251	55	level	level	NOUN
bjmsr-506	251	56	equation	equation	NOUN
bjmsr-506	251	57	standard	standard	NOUN
bjmsr-506	251	58	:	:	PUNCT
bjmsr-506	251	59	d.earnvolty	d.earnvolty	NOUN
bjmsr-506	251	60	gmm	gmm	PROPN
bjmsr-506	251	61	-	-	PUNCT
bjmsr-506	251	62	type	type	NOUN
bjmsr-506	251	63	:	:	PUNCT
bjmsr-506	251	64	l(2/.).earnings	l(2/.).earning	VERB
bjmsr-506	251	65	instruments	instrument	NOUN
bjmsr-506	251	66	for	for	ADP
bjmsr-506	251	67	differenced	differenced	ADJ
bjmsr-506	251	68	equation	equation	NOUN
bjmsr-506	251	69	_	_	PUNCT
bjmsr-506	251	70	cons	con	NOUN
bjmsr-506	251	71	469910	469910	NUM
bjmsr-506	252	1	3517.312	3517.312	NUM
bjmsr-506	252	2	133.60	133.60	NUM
bjmsr-506	252	3	0.000	0.000	NUM
bjmsr-506	252	4	463016.2	463016.2	NUM
bjmsr-506	252	5	476803.8	476803.8	NUM
bjmsr-506	252	6	earnvolty	earnvolty	NOUN
bjmsr-506	252	7	-.0766498	-.0766498	NOUN
bjmsr-506	252	8	.0006895	.0006895	VERB
bjmsr-506	253	1	-111.16	-111.16	PROPN
bjmsr-506	253	2	0.000	0.000	NUM
bjmsr-506	253	3	-.0780012	-.0780012	PUNCT
bjmsr-506	253	4	-.0752983	-.0752983	PUNCT
bjmsr-506	253	5	volatility	volatility	NOUN
bjmsr-506	253	6	149713.7	149713.7	NUM
bjmsr-506	253	7	646.8077	646.8077	NUM
bjmsr-506	253	8	231.47	231.47	NUM
bjmsr-506	253	9	0.000	0.000	NUM
bjmsr-506	253	10	148445.9	148445.9	NUM
bjmsr-506	253	11	150981.4	150981.4	NUM
bjmsr-506	253	12	l1	l1	NOUN
bjmsr-506	253	13	.	.	PUNCT
bjmsr-506	254	1	.775673	.775673	PROPN
bjmsr-506	254	2	.0005681	.0005681	PROPN
bjmsr-506	255	1	1365.36	1365.36	NUM
bjmsr-506	255	2	0.000	0.000	NUM
bjmsr-506	255	3	.7745595	.7745595	NOUN
bjmsr-506	255	4	.7767865	.7767865	ADJ
bjmsr-506	255	5	earnings	earning	NOUN
bjmsr-506	255	6	earnings	earning	NOUN
bjmsr-506	255	7	coef	coef	NOUN
bjmsr-506	255	8	.	.	PUNCT
bjmsr-506	256	1	std	std	NOUN
bjmsr-506	256	2	.	.	PUNCT
bjmsr-506	257	1	err	err	NOUN
bjmsr-506	257	2	.	.	PUNCT
bjmsr-506	258	1	z	z	NOUN
bjmsr-506	258	2	p>|z|	p>|z|	VERB
bjmsr-506	258	3	[	[	X
bjmsr-506	258	4	95	95	NUM
bjmsr-506	258	5	%	%	NOUN
bjmsr-506	258	6	conf	conf	NOUN
bjmsr-506	258	7	.	.	PUNCT
bjmsr-506	259	1	interval	interval	NOUN
bjmsr-506	259	2	]	]	PUNCT
bjmsr-506	259	3	wc	wc	ADJ
bjmsr-506	259	4	-	-	ADJ
bjmsr-506	259	5	robust	robust	ADJ
bjmsr-506	259	6	two	two	NUM
bjmsr-506	259	7	-	-	PUNCT
bjmsr-506	259	8	step	step	NOUN
bjmsr-506	259	9	results	result	NOUN
bjmsr-506	259	10	prob	prob	PROPN
bjmsr-506	259	11	>	>	X
bjmsr-506	259	12	chi2	chi2	PROPN
bjmsr-506	260	1	=	=	NOUN
bjmsr-506	261	1	0.0000	0.0000	NUM
bjmsr-506	261	2	number	number	NOUN
bjmsr-506	261	3	of	of	ADP
bjmsr-506	261	4	instruments	instrument	NOUN
bjmsr-506	261	5	=	=	SYM
bjmsr-506	261	6	185	185	NUM
bjmsr-506	261	7	wald	wald	X
bjmsr-506	261	8	chi2(3	chi2(3	PROPN
bjmsr-506	261	9	)	)	PUNCT
bjmsr-506	261	10	=	=	SYM
bjmsr-506	262	1	1.65e+07	1.65e+07	NUM
bjmsr-506	262	2	max	max	PROPN
bjmsr-506	262	3	=	=	SYM
bjmsr-506	262	4	19	19	NUM
bjmsr-506	262	5	avg	avg	NOUN
bjmsr-506	262	6	=	=	SYM
bjmsr-506	262	7	13.16438	13.16438	NUM
bjmsr-506	262	8	obs	obs	PROPN
bjmsr-506	262	9	per	per	ADP
bjmsr-506	262	10	group	group	NOUN
bjmsr-506	262	11	:	:	PUNCT
bjmsr-506	262	12	min	min	NOUN
bjmsr-506	262	13	=	=	SYM
bjmsr-506	262	14	1	1	NUM
bjmsr-506	262	15	time	time	NOUN
bjmsr-506	262	16	variable	variable	NOUN
bjmsr-506	262	17	:	:	PUNCT
bjmsr-506	262	18	year	year	NOUN
bjmsr-506	262	19	group	group	NOUN
bjmsr-506	262	20	variable	variable	NOUN
bjmsr-506	262	21	:	:	PUNCT
bjmsr-506	262	22	firm	firm	ADJ
bjmsr-506	262	23	number	number	NOUN
bjmsr-506	262	24	of	of	ADP
bjmsr-506	262	25	groups	group	NOUN
bjmsr-506	262	26	=	=	SYM
bjmsr-506	262	27	73	73	NUM
bjmsr-506	262	28	system	system	NOUN
bjmsr-506	262	29	dynamic	dynamic	ADJ
bjmsr-506	262	30	panel	panel	NOUN
bjmsr-506	262	31	-	-	PUNCT
bjmsr-506	262	32	data	datum	NOUN
bjmsr-506	262	33	estimation	estimation	NOUN
bjmsr-506	262	34	number	number	NOUN
bjmsr-506	262	35	of	of	ADP
bjmsr-506	262	36	obs	obs	PROPN
bjmsr-506	262	37	=	=	NOUN
bjmsr-506	262	38	961	961	NUM
bjmsr-506	262	39	copyright	copyright	NOUN
bjmsr-506	262	40	©	©	PROPN
bjmsr-506	262	41	cc	cc	PROPN
bjmsr-506	262	42	-	-	PUNCT
bjmsr-506	262	43	by	by	ADP
bjmsr-506	262	44	-	-	PUNCT
bjmsr-506	262	45	nc	nc	PROPN
bjmsr-506	262	46	2020	2020	NUM
bjmsr-506	262	47	,	,	PUNCT
bjmsr-506	262	48	cribfb	cribfb	PROPN
bjmsr-506	262	49	|bjmsr	|bjmsr	PROPN
bjmsr-506	262	50	www.cribfb.com/journal/index.php/bjmsr	www.cribfb.com/journal/index.php/bjmsr	X
bjmsr-506	263	1	bangladesh	bangladesh	PROPN
bjmsr-506	263	2	journal	journal	PROPN
bjmsr-506	263	3	of	of	ADP
bjmsr-506	263	4	multidisciplinary	multidisciplinary	ADJ
bjmsr-506	263	5	scientific	scientific	ADJ
bjmsr-506	263	6	research	research	NOUN
bjmsr-506	263	7	vol	vol	NOUN
bjmsr-506	263	8	.	.	PROPN
bjmsr-506	264	1	2	2	NUM
bjmsr-506	264	2	,	,	PUNCT
bjmsr-506	264	3	no	no	INTJ
bjmsr-506	264	4	.	.	NOUN
bjmsr-506	264	5	1	1	NUM
bjmsr-506	264	6	;	;	PUNCT
bjmsr-506	264	7	2020	2020	NUM
bjmsr-506	264	8	30	30	NUM
bjmsr-506	264	9	table	table	NOUN
bjmsr-506	264	10	2.1	2.1	NUM
bjmsr-506	264	11	standard	standard	ADJ
bjmsr-506	264	12	deviation	deviation	NOUN
bjmsr-506	264	13	of	of	ADP
bjmsr-506	264	14	residual	residual	ADJ
bjmsr-506	264	15	source	source	NOUN
bjmsr-506	264	16	:	:	PUNCT
bjmsr-506	264	17	authors	author	NOUN
bjmsr-506	264	18	’	'	PUNCT
bjmsr-506	264	19	computation	computation	NOUN
bjmsr-506	264	20	,	,	PUNCT
bjmsr-506	264	21	(	(	PUNCT
bjmsr-506	264	22	2019	2019	NUM
bjmsr-506	264	23	)	)	PUNCT
bjmsr-506	264	24	similarly	similarly	ADV
bjmsr-506	264	25	,	,	PUNCT
bjmsr-506	264	26	the	the	DET
bjmsr-506	264	27	standard	standard	ADJ
bjmsr-506	264	28	deviation	deviation	NOUN
bjmsr-506	264	29	of	of	ADP
bjmsr-506	264	30	the	the	DET
bjmsr-506	264	31	error	error	NOUN
bjmsr-506	264	32	term	term	NOUN
bjmsr-506	264	33	increased	increase	VERB
bjmsr-506	264	34	from	from	ADP
bjmsr-506	264	35	1371818	1371818	NUM
bjmsr-506	264	36	in	in	ADP
bjmsr-506	264	37	model	model	NOUN
bjmsr-506	264	38	1	1	NUM
bjmsr-506	264	39	to	to	ADP
bjmsr-506	264	40	1706428	1706428	NUM
bjmsr-506	264	41	in	in	ADP
bjmsr-506	264	42	model	model	NOUN
bjmsr-506	264	43	2	2	NUM
bjmsr-506	264	44	.	.	PUNCT
bjmsr-506	265	1	the	the	DET
bjmsr-506	265	2	implication	implication	NOUN
bjmsr-506	265	3	of	of	ADP
bjmsr-506	265	4	this	this	DET
bjmsr-506	265	5	result	result	NOUN
bjmsr-506	265	6	is	be	AUX
bjmsr-506	265	7	that	that	SCONJ
bjmsr-506	265	8	since	since	SCONJ
bjmsr-506	265	9	the	the	DET
bjmsr-506	265	10	autoregressive	autoregressive	ADJ
bjmsr-506	265	11	coefficient	coefficient	NOUN
bjmsr-506	265	12	reduced	reduce	VERB
bjmsr-506	265	13	after	after	ADP
bjmsr-506	265	14	adjusting	adjust	VERB
bjmsr-506	265	15	for	for	ADP
bjmsr-506	265	16	the	the	DET
bjmsr-506	265	17	effect	effect	NOUN
bjmsr-506	265	18	of	of	ADP
bjmsr-506	265	19	volatility	volatility	NOUN
bjmsr-506	265	20	and	and	CCONJ
bjmsr-506	265	21	the	the	DET
bjmsr-506	265	22	standard	standard	ADJ
bjmsr-506	265	23	deviation	deviation	NOUN
bjmsr-506	265	24	of	of	ADP
bjmsr-506	265	25	the	the	DET
bjmsr-506	265	26	error	error	NOUN
bjmsr-506	265	27	term	term	NOUN
bjmsr-506	265	28	increased	increase	VERB
bjmsr-506	265	29	,	,	PUNCT
bjmsr-506	265	30	volatility	volatility	NOUN
bjmsr-506	265	31	has	have	VERB
bjmsr-506	265	32	negative	negative	ADJ
bjmsr-506	265	33	effect	effect	NOUN
bjmsr-506	265	34	on	on	ADP
bjmsr-506	265	35	predictability	predictability	NOUN
bjmsr-506	265	36	of	of	ADP
bjmsr-506	265	37	earnings	earning	NOUN
bjmsr-506	265	38	.	.	PUNCT
bjmsr-506	266	1	this	this	DET
bjmsr-506	266	2	result	result	NOUN
bjmsr-506	266	3	is	be	AUX
bjmsr-506	266	4	consistent	consistent	ADJ
bjmsr-506	266	5	with	with	ADP
bjmsr-506	266	6	the	the	DET
bjmsr-506	266	7	findings	finding	NOUN
bjmsr-506	266	8	of	of	ADP
bjmsr-506	266	9	hamzavi	hamzavi	PROPN
bjmsr-506	266	10	&	&	CCONJ
bjmsr-506	266	11	aflatooni	aflatooni	PROPN
bjmsr-506	266	12	(	(	PUNCT
bjmsr-506	266	13	2011	2011	NUM
bjmsr-506	266	14	)	)	PUNCT
bjmsr-506	266	15	who	who	PRON
bjmsr-506	266	16	found	find	VERB
bjmsr-506	266	17	that	that	DET
bjmsr-506	266	18	smoothness	smoothness	NOUN
bjmsr-506	266	19	of	of	ADP
bjmsr-506	266	20	earnings	earning	NOUN
bjmsr-506	266	21	has	have	VERB
bjmsr-506	266	22	positive	positive	ADJ
bjmsr-506	266	23	association	association	NOUN
bjmsr-506	266	24	with	with	ADP
bjmsr-506	266	25	earnings	earning	NOUN
bjmsr-506	266	26	predictability	predictability	NOUN
bjmsr-506	266	27	.	.	PUNCT
bjmsr-506	267	1	this	this	DET
bjmsr-506	267	2	result	result	NOUN
bjmsr-506	267	3	is	be	AUX
bjmsr-506	267	4	also	also	ADV
bjmsr-506	267	5	consistent	consistent	ADJ
bjmsr-506	267	6	with	with	ADP
bjmsr-506	267	7	the	the	DET
bjmsr-506	267	8	works	work	NOUN
bjmsr-506	267	9	of	of	ADP
bjmsr-506	267	10	dichev	dichev	NOUN
bjmsr-506	267	11	and	and	CCONJ
bjmsr-506	267	12	tang	tang	PROPN
bjmsr-506	267	13	(	(	PUNCT
bjmsr-506	267	14	2009	2009	NUM
bjmsr-506	267	15	)	)	PUNCT
bjmsr-506	267	16	;	;	PUNCT
bjmsr-506	267	17	flink	flink	PROPN
bjmsr-506	267	18	(	(	PUNCT
bjmsr-506	267	19	2014	2014	NUM
bjmsr-506	267	20	)	)	PUNCT
bjmsr-506	267	21	;	;	PUNCT
bjmsr-506	267	22	yosra	yosra	PROPN
bjmsr-506	267	23	and	and	CCONJ
bjmsr-506	267	24	fawzi	fawzi	PROPN
bjmsr-506	267	25	(	(	PUNCT
bjmsr-506	267	26	2015	2015	NUM
bjmsr-506	267	27	)	)	PUNCT
bjmsr-506	267	28	who	who	PRON
bjmsr-506	267	29	found	find	VERB
bjmsr-506	267	30	that	that	SCONJ
bjmsr-506	267	31	volatility	volatility	NOUN
bjmsr-506	267	32	has	have	VERB
bjmsr-506	267	33	inverse	inverse	NOUN
bjmsr-506	267	34	relationship	relationship	NOUN
bjmsr-506	267	35	with	with	ADP
bjmsr-506	267	36	earnings	earning	NOUN
bjmsr-506	267	37	predictability	predictability	NOUN
bjmsr-506	267	38	.	.	PUNCT
bjmsr-506	268	1	the	the	DET
bjmsr-506	268	2	table	table	NOUN
bjmsr-506	268	3	3	3	NUM
bjmsr-506	268	4	shows	show	VERB
bjmsr-506	268	5	the	the	DET
bjmsr-506	268	6	distributions	distribution	NOUN
bjmsr-506	268	7	of	of	ADP
bjmsr-506	268	8	earnings	earning	NOUN
bjmsr-506	268	9	,	,	PUNCT
bjmsr-506	268	10	interaction	interaction	NOUN
bjmsr-506	268	11	variable	variable	NOUN
bjmsr-506	268	12	,	,	PUNCT
bjmsr-506	268	13	lagged	lag	VERB
bjmsr-506	268	14	value	value	NOUN
bjmsr-506	268	15	of	of	ADP
bjmsr-506	268	16	earnings	earning	NOUN
bjmsr-506	268	17	and	and	CCONJ
bjmsr-506	268	18	earnings	earning	NOUN
bjmsr-506	268	19	volatility	volatility	NOUN
bjmsr-506	268	20	.	.	PUNCT
bjmsr-506	269	1	the	the	DET
bjmsr-506	269	2	model	model	NOUN
bjmsr-506	269	3	is	be	AUX
bjmsr-506	269	4	well	well	ADV
bjmsr-506	269	5	fitted	fit	VERB
bjmsr-506	269	6	because	because	SCONJ
bjmsr-506	269	7	the	the	DET
bjmsr-506	269	8	wald	wald	PROPN
bjmsr-506	269	9	statistics	statistic	NOUN
bjmsr-506	269	10	is	be	AUX
bjmsr-506	269	11	significant	significant	ADJ
bjmsr-506	269	12	at	at	ADP
bjmsr-506	269	13	1	1	NUM
bjmsr-506	269	14	%	%	NOUN
bjmsr-506	269	15	,	,	PUNCT
bjmsr-506	269	16	that	that	PRON
bjmsr-506	269	17	is	be	AUX
bjmsr-506	269	18	p<0.01	p<0.01	PROPN
bjmsr-506	269	19	.	.	PUNCT
bjmsr-506	270	1	the	the	DET
bjmsr-506	270	2	total	total	ADJ
bjmsr-506	270	3	number	number	NOUN
bjmsr-506	270	4	of	of	ADP
bjmsr-506	270	5	instruments	instrument	NOUN
bjmsr-506	270	6	used	use	VERB
bjmsr-506	270	7	was	be	AUX
bjmsr-506	270	8	185	185	NUM
bjmsr-506	270	9	and	and	CCONJ
bjmsr-506	270	10	they	they	PRON
bjmsr-506	270	11	were	be	AUX
bjmsr-506	270	12	valid	valid	ADJ
bjmsr-506	270	13	instruments	instrument	NOUN
bjmsr-506	270	14	.	.	PUNCT
bjmsr-506	271	1	the	the	DET
bjmsr-506	271	2	validity	validity	NOUN
bjmsr-506	271	3	of	of	ADP
bjmsr-506	271	4	the	the	DET
bjmsr-506	271	5	instruments	instrument	NOUN
bjmsr-506	271	6	was	be	AUX
bjmsr-506	271	7	established	establish	VERB
bjmsr-506	271	8	based	base	VERB
bjmsr-506	271	9	on	on	ADP
bjmsr-506	271	10	the	the	DET
bjmsr-506	271	11	result	result	NOUN
bjmsr-506	271	12	of	of	ADP
bjmsr-506	271	13	the	the	DET
bjmsr-506	271	14	sargan	sargan	NOUN
bjmsr-506	271	15	test	test	NOUN
bjmsr-506	271	16	contained	contain	VERB
bjmsr-506	271	17	in	in	ADP
bjmsr-506	271	18	table	table	NOUN
bjmsr-506	271	19	4	4	NUM
bjmsr-506	271	20	.	.	PUNCT
bjmsr-506	272	1	the	the	DET
bjmsr-506	272	2	null	null	ADJ
bjmsr-506	272	3	hypothesis	hypothesis	NOUN
bjmsr-506	272	4	could	could	AUX
bjmsr-506	272	5	not	not	PART
bjmsr-506	272	6	be	be	AUX
bjmsr-506	272	7	rejected	reject	VERB
bjmsr-506	272	8	at	at	ADP
bjmsr-506	272	9	any	any	PRON
bjmsr-506	272	10	of	of	ADP
bjmsr-506	272	11	the	the	DET
bjmsr-506	272	12	significance	significance	NOUN
bjmsr-506	272	13	levels	level	NOUN
bjmsr-506	272	14	;	;	PUNCT
bjmsr-506	272	15	meaning	mean	VERB
bjmsr-506	272	16	that	that	SCONJ
bjmsr-506	272	17	the	the	DET
bjmsr-506	272	18	instruments	instrument	NOUN
bjmsr-506	272	19	used	use	VERB
bjmsr-506	272	20	were	be	AUX
bjmsr-506	272	21	valid	valid	ADJ
bjmsr-506	272	22	.	.	PUNCT
bjmsr-506	273	1	table	table	NOUN
bjmsr-506	273	2	3	3	NUM
bjmsr-506	273	3	descriptive	descriptive	ADJ
bjmsr-506	273	4	statistics	statistic	NOUN
bjmsr-506	273	5	source	source	NOUN
bjmsr-506	273	6	:	:	PUNCT
bjmsr-506	273	7	authors	author	NOUN
bjmsr-506	273	8	’	'	PUNCT
bjmsr-506	273	9	computation	computation	NOUN
bjmsr-506	273	10	,	,	PUNCT
bjmsr-506	273	11	(	(	PUNCT
bjmsr-506	273	12	2019	2019	NUM
bjmsr-506	273	13	)	)	PUNCT
bjmsr-506	273	14	table	table	NOUN
bjmsr-506	273	15	4	4	NUM
bjmsr-506	273	16	:	:	PUNCT
bjmsr-506	273	17	diagnostic	diagnostic	ADJ
bjmsr-506	273	18	testsargan	testsargan	NOUN
bjmsr-506	273	19	test	test	NOUN
bjmsr-506	273	20	source	source	NOUN
bjmsr-506	273	21	:	:	PUNCT
bjmsr-506	273	22	authors	author	NOUN
bjmsr-506	273	23	’	'	PUNCT
bjmsr-506	273	24	computation	computation	NOUN
bjmsr-506	273	25	,	,	PUNCT
bjmsr-506	273	26	(	(	PUNCT
bjmsr-506	273	27	2019	2019	NUM
bjmsr-506	273	28	)	)	PUNCT
bjmsr-506	273	29	sd	sd	ADP
bjmsr-506	273	30	1706428	1706428	NUM
bjmsr-506	273	31	cv	cv	PROPN
bjmsr-506	274	1	31721.45	31721.45	NUM
bjmsr-506	274	2	max	max	PROPN
bjmsr-506	275	1	1.36e+07	1.36e+07	NUM
bjmsr-506	275	2	min	min	NOUN
bjmsr-506	275	3	-7871149	-7871149	NOUN
bjmsr-506	275	4	mean	mean	VERB
bjmsr-506	275	5	53.79413	53.79413	NUM
bjmsr-506	275	6	stats	stat	NOUN
bjmsr-506	275	7	residv	residv	NOUN
bjmsr-506	275	8	~	~	SYM
bjmsr-506	275	9	t	t	NOUN
bjmsr-506	275	10	volatility	volatility	NOUN
bjmsr-506	275	11	1201	1201	NUM
bjmsr-506	275	12	-.523869	-.523869	PUNCT
bjmsr-506	275	13	7.199037	7.199037	NUM
bjmsr-506	275	14	-44.8958	-44.8958	SYM
bjmsr-506	275	15	17.78263	17.78263	NUM
bjmsr-506	275	16	earnlag	earnlag	NOUN
bjmsr-506	275	17	1046	1046	NUM
bjmsr-506	275	18	972330.5	972330.5	NUM
bjmsr-506	275	19	2319159	2319159	NUM
bjmsr-506	275	20	-2752268	-2752268	PRON
bjmsr-506	276	1	1.79e+07	1.79e+07	NUM
bjmsr-506	276	2	earnings	earning	NOUN
bjmsr-506	276	3	1071	1071	NUM
bjmsr-506	276	4	1029076	1029076	NUM
bjmsr-506	276	5	2480202	2480202	NUM
bjmsr-506	277	1	-2752268	-2752268	PROPN
bjmsr-506	278	1	1.89e+07	1.89e+07	NUM
bjmsr-506	278	2	earnvolty	earnvolty	ADJ
bjmsr-506	278	3	1046	1046	NUM
bjmsr-506	278	4	902224.6	902224.6	NUM
bjmsr-506	278	5	2583053	2583053	NUM
bjmsr-506	278	6	-2.82e+07	-2.82e+07	NOUN
bjmsr-506	279	1	2.81e+07	2.81e+07	NUM
bjmsr-506	279	2	variable	variable	ADJ
bjmsr-506	279	3	obs	obs	NOUN
bjmsr-506	279	4	mean	mean	VERB
bjmsr-506	279	5	std	std	PROPN
bjmsr-506	279	6	.	.	PROPN
bjmsr-506	280	1	dev	dev	PROPN
bjmsr-506	280	2	.	.	PUNCT
bjmsr-506	281	1	min	min	PROPN
bjmsr-506	281	2	max	max	PROPN
bjmsr-506	281	3	prob	prob	PROPN
bjmsr-506	281	4	>	>	X
bjmsr-506	281	5	chi2	chi2	PROPN
bjmsr-506	281	6	=	=	NOUN
bjmsr-506	281	7	1.0000	1.0000	NUM
bjmsr-506	281	8	chi2(182	chi2(182	PROPN
bjmsr-506	281	9	)	)	PUNCT
bjmsr-506	281	10	=	=	NOUN
bjmsr-506	281	11	70.72157	70.72157	NUM
bjmsr-506	281	12	h0	h0	NOUN
bjmsr-506	281	13	:	:	PUNCT
bjmsr-506	281	14	overidentifying	overidentifying	NOUN
bjmsr-506	281	15	restrictions	restriction	NOUN
bjmsr-506	281	16	are	be	AUX
bjmsr-506	281	17	valid	valid	ADJ
bjmsr-506	281	18	sargan	sargan	NOUN
bjmsr-506	281	19	test	test	NOUN
bjmsr-506	281	20	of	of	ADP
bjmsr-506	281	21	overidentifying	overidentifying	NOUN
bjmsr-506	281	22	restrictions	restriction	NOUN
bjmsr-506	281	23	.	.	PUNCT
bjmsr-506	282	1	estat	estat	PROPN
bjmsr-506	282	2	sargan	sargan	VERB
bjmsr-506	282	3	standard	standard	NOUN
bjmsr-506	282	4	:	:	PUNCT
bjmsr-506	282	5	_	_	PUNCT
bjmsr-506	282	6	cons	con	NOUN
bjmsr-506	282	7	gmm	gmm	NOUN
bjmsr-506	282	8	-	-	PUNCT
bjmsr-506	282	9	type	type	NOUN
bjmsr-506	282	10	:	:	PUNCT
bjmsr-506	282	11	ld.earnings	ld.earnings	ADP
bjmsr-506	282	12	instruments	instrument	NOUN
bjmsr-506	282	13	for	for	ADP
bjmsr-506	282	14	level	level	NOUN
bjmsr-506	282	15	equation	equation	NOUN
bjmsr-506	282	16	standard	standard	NOUN
bjmsr-506	282	17	:	:	PUNCT
bjmsr-506	282	18	d.earnvolty	d.earnvolty	NOUN
bjmsr-506	282	19	gmm	gmm	PROPN
bjmsr-506	282	20	-	-	PUNCT
bjmsr-506	282	21	type	type	NOUN
bjmsr-506	282	22	:	:	PUNCT
bjmsr-506	282	23	l(2/.).earnings	l(2/.).earning	VERB
bjmsr-506	282	24	instruments	instrument	NOUN
bjmsr-506	282	25	for	for	ADP
bjmsr-506	282	26	differenced	differenced	ADJ
bjmsr-506	282	27	equation	equation	NOUN
bjmsr-506	282	28	errors	error	NOUN
bjmsr-506	282	29	are	be	AUX
bjmsr-506	282	30	recommended	recommend	VERB
bjmsr-506	282	31	.	.	PUNCT
bjmsr-506	283	1	warning	warning	NOUN
bjmsr-506	283	2	:	:	PUNCT
bjmsr-506	283	3	gmm	gmm	PROPN
bjmsr-506	283	4	two	two	NUM
bjmsr-506	283	5	-	-	PUNCT
bjmsr-506	283	6	step	step	NOUN
bjmsr-506	283	7	standard	standard	ADJ
bjmsr-506	283	8	errors	error	NOUN
bjmsr-506	283	9	are	be	AUX
bjmsr-506	283	10	biased	bias	VERB
bjmsr-506	283	11	;	;	PUNCT
bjmsr-506	283	12	robust	robust	ADJ
bjmsr-506	283	13	standard	standard	ADJ
bjmsr-506	283	14	_	_	PROPN
bjmsr-506	283	15	cons	con	NOUN
bjmsr-506	283	16	395578.6	395578.6	NUM
bjmsr-506	283	17	584.5054	584.5054	NUM
bjmsr-506	283	18	676.77	676.77	NUM
bjmsr-506	283	19	0.000	0.000	NUM
bjmsr-506	283	20	394433	394433	NUM
bjmsr-506	283	21	396724.2	396724.2	NUM
bjmsr-506	283	22	earnvolty	earnvolty	NOUN
bjmsr-506	283	23	-.0719808	-.0719808	PUNCT
bjmsr-506	283	24	.0002558	.0002558	PROPN
bjmsr-506	283	25	-281.42	-281.42	PROPN
bjmsr-506	283	26	0.000	0.000	NUM
bjmsr-506	283	27	-.0724821	-.0724821	PROPN
bjmsr-506	283	28	-.0714794	-.0714794	PUNCT
bjmsr-506	283	29	l1	l1	PROPN
bjmsr-506	283	30	.	.	PUNCT
bjmsr-506	284	1	.7866543	.7866543	PROPN
bjmsr-506	285	1	.0001734	.0001734	PRON
bjmsr-506	286	1	4536.70	4536.70	NUM
bjmsr-506	287	1	0.000	0.000	NUM
bjmsr-506	287	2	.7863144	.7863144	PROPN
bjmsr-506	287	3	.7869941	.7869941	PUNCT
bjmsr-506	288	1	earnings	earning	NOUN
bjmsr-506	288	2	earnings	earning	NOUN
bjmsr-506	288	3	coef	coef	X
bjmsr-506	288	4	.	.	PUNCT
bjmsr-506	289	1	std	std	NOUN
bjmsr-506	289	2	.	.	PUNCT
bjmsr-506	290	1	err	err	NOUN
bjmsr-506	290	2	.	.	PUNCT
bjmsr-506	291	1	z	z	NOUN
bjmsr-506	291	2	p>|z|	p>|z|	VERB
bjmsr-506	291	3	[	[	X
bjmsr-506	291	4	95	95	NUM
bjmsr-506	291	5	%	%	NOUN
bjmsr-506	291	6	conf	conf	NOUN
bjmsr-506	291	7	.	.	PUNCT
bjmsr-506	292	1	interval	interval	NOUN
bjmsr-506	292	2	]	]	PUNCT
bjmsr-506	292	3	two	two	NUM
bjmsr-506	292	4	-	-	PUNCT
bjmsr-506	292	5	step	step	NOUN
bjmsr-506	292	6	results	result	NOUN
bjmsr-506	292	7	prob	prob	PROPN
bjmsr-506	292	8	>	>	X
bjmsr-506	292	9	chi2	chi2	PROPN
bjmsr-506	293	1	=	=	NOUN
bjmsr-506	294	1	0.0000	0.0000	NUM
bjmsr-506	294	2	number	number	NOUN
bjmsr-506	294	3	of	of	ADP
bjmsr-506	294	4	instruments	instrument	NOUN
bjmsr-506	294	5	=	=	SYM
bjmsr-506	294	6	185	185	NUM
bjmsr-506	294	7	wald	wald	X
bjmsr-506	294	8	chi2(2	chi2(2	NOUN
bjmsr-506	294	9	)	)	PUNCT
bjmsr-506	294	10	=	=	PUNCT
bjmsr-506	295	1	1.81e+08	1.81e+08	NUM
bjmsr-506	295	2	max	max	NOUN
bjmsr-506	295	3	=	=	SYM
bjmsr-506	295	4	19	19	NUM
bjmsr-506	295	5	avg	avg	NOUN
bjmsr-506	295	6	=	=	SYM
bjmsr-506	295	7	13.16438	13.16438	NUM
bjmsr-506	295	8	obs	obs	PROPN
bjmsr-506	295	9	per	per	ADP
bjmsr-506	295	10	group	group	NOUN
bjmsr-506	295	11	:	:	PUNCT
bjmsr-506	295	12	min	min	NOUN
bjmsr-506	295	13	=	=	SYM
bjmsr-506	295	14	1	1	NUM
bjmsr-506	295	15	time	time	NOUN
bjmsr-506	295	16	variable	variable	NOUN
bjmsr-506	295	17	:	:	PUNCT
bjmsr-506	295	18	year	year	NOUN
bjmsr-506	295	19	group	group	NOUN
bjmsr-506	295	20	variable	variable	NOUN
bjmsr-506	295	21	:	:	PUNCT
bjmsr-506	295	22	firm	firm	ADJ
bjmsr-506	295	23	number	number	NOUN
bjmsr-506	295	24	of	of	ADP
bjmsr-506	295	25	groups	group	NOUN
bjmsr-506	295	26	=	=	SYM
bjmsr-506	295	27	73	73	NUM
bjmsr-506	295	28	system	system	NOUN
bjmsr-506	295	29	dynamic	dynamic	ADJ
bjmsr-506	295	30	panel	panel	NOUN
bjmsr-506	295	31	-	-	PUNCT
bjmsr-506	295	32	data	datum	NOUN
bjmsr-506	295	33	estimation	estimation	NOUN
bjmsr-506	295	34	number	number	NOUN
bjmsr-506	295	35	of	of	ADP
bjmsr-506	295	36	obs	obs	PROPN
bjmsr-506	295	37	=	=	NOUN
bjmsr-506	295	38	961	961	NUM
bjmsr-506	295	39	copyright	copyright	NOUN
bjmsr-506	295	40	©	©	PROPN
bjmsr-506	295	41	cc	cc	PROPN
bjmsr-506	295	42	-	-	PUNCT
bjmsr-506	295	43	by	by	ADP
bjmsr-506	295	44	-	-	PUNCT
bjmsr-506	295	45	nc	nc	PROPN
bjmsr-506	295	46	2020	2020	NUM
bjmsr-506	295	47	,	,	PUNCT
bjmsr-506	295	48	cribfb	cribfb	PROPN
bjmsr-506	295	49	|bjmsr	|bjmsr	PROPN
bjmsr-506	295	50	www.cribfb.com/journal/index.php/bjmsr	www.cribfb.com/journal/index.php/bjmsr	X
bjmsr-506	296	1	bangladesh	bangladesh	PROPN
bjmsr-506	296	2	journal	journal	PROPN
bjmsr-506	296	3	of	of	ADP
bjmsr-506	296	4	multidisciplinary	multidisciplinary	ADJ
bjmsr-506	296	5	scientific	scientific	ADJ
bjmsr-506	296	6	research	research	NOUN
bjmsr-506	296	7	vol	vol	NOUN
bjmsr-506	296	8	.	.	PROPN
bjmsr-506	297	1	2	2	NUM
bjmsr-506	297	2	,	,	PUNCT
bjmsr-506	297	3	no	no	INTJ
bjmsr-506	297	4	.	.	NOUN
bjmsr-506	297	5	1	1	NUM
bjmsr-506	297	6	;	;	PUNCT
bjmsr-506	297	7	2020	2020	NUM
bjmsr-506	297	8	31	31	NUM
bjmsr-506	297	9	5	5	NUM
bjmsr-506	297	10	.	.	PUNCT
bjmsr-506	298	1	summary	summary	NOUN
bjmsr-506	298	2	,	,	PUNCT
bjmsr-506	298	3	conclusion	conclusion	NOUN
bjmsr-506	298	4	and	and	CCONJ
bjmsr-506	298	5	recommendations	recommendation	NOUN
bjmsr-506	298	6	this	this	DET
bjmsr-506	298	7	study	study	NOUN
bjmsr-506	298	8	evaluated	evaluate	VERB
bjmsr-506	298	9	the	the	DET
bjmsr-506	298	10	predictabiliy	predictabiliy	NOUN
bjmsr-506	298	11	of	of	ADP
bjmsr-506	298	12	earnings	earning	NOUN
bjmsr-506	298	13	of	of	ADP
bjmsr-506	298	14	nigerian	nigerian	ADJ
bjmsr-506	298	15	firms	firm	NOUN
bjmsr-506	298	16	and	and	CCONJ
bjmsr-506	298	17	it	it	PRON
bjmsr-506	298	18	found	find	VERB
bjmsr-506	298	19	that	that	SCONJ
bjmsr-506	298	20	the	the	DET
bjmsr-506	298	21	ability	ability	NOUN
bjmsr-506	298	22	of	of	ADP
bjmsr-506	298	23	earnings	earning	NOUN
bjmsr-506	298	24	to	to	PART
bjmsr-506	298	25	predict	predict	VERB
bjmsr-506	298	26	itself	itself	PRON
bjmsr-506	298	27	is	be	AUX
bjmsr-506	298	28	evident	evident	ADJ
bjmsr-506	298	29	.	.	PUNCT
bjmsr-506	299	1	more	more	ADV
bjmsr-506	299	2	so	so	ADV
bjmsr-506	299	3	,	,	PUNCT
bjmsr-506	299	4	the	the	DET
bjmsr-506	299	5	study	study	NOUN
bjmsr-506	299	6	evaluates	evaluate	VERB
bjmsr-506	299	7	the	the	DET
bjmsr-506	299	8	impact	impact	NOUN
bjmsr-506	299	9	of	of	ADP
bjmsr-506	299	10	earnings	earning	NOUN
bjmsr-506	299	11	volatility	volatility	NOUN
bjmsr-506	299	12	on	on	ADP
bjmsr-506	299	13	earnings	earning	NOUN
bjmsr-506	299	14	predictability	predictability	NOUN
bjmsr-506	299	15	.	.	PUNCT
bjmsr-506	300	1	the	the	DET
bjmsr-506	300	2	study	study	NOUN
bjmsr-506	300	3	found	find	VERB
bjmsr-506	300	4	that	that	SCONJ
bjmsr-506	300	5	volatiliy	volatiliy	PROPN
bjmsr-506	300	6	has	have	VERB
bjmsr-506	300	7	adverse	adverse	ADJ
bjmsr-506	300	8	effect	effect	NOUN
bjmsr-506	300	9	on	on	ADP
bjmsr-506	300	10	earnings	earning	NOUN
bjmsr-506	300	11	predictability	predictability	NOUN
bjmsr-506	300	12	.	.	PUNCT
bjmsr-506	301	1	the	the	DET
bjmsr-506	301	2	study	study	NOUN
bjmsr-506	301	3	therefore	therefore	ADV
bjmsr-506	301	4	concludes	conclude	VERB
bjmsr-506	301	5	that	that	SCONJ
bjmsr-506	301	6	earnings	earning	NOUN
bjmsr-506	301	7	of	of	ADP
bjmsr-506	301	8	nigerian	nigerian	ADJ
bjmsr-506	301	9	firms	firm	NOUN
bjmsr-506	301	10	have	have	VERB
bjmsr-506	301	11	ability	ability	NOUN
bjmsr-506	301	12	to	to	PART
bjmsr-506	301	13	predict	predict	VERB
bjmsr-506	301	14	themselves	themselves	PRON
bjmsr-506	301	15	which	which	PRON
bjmsr-506	301	16	by	by	ADP
bjmsr-506	301	17	implication	implication	NOUN
bjmsr-506	301	18	means	mean	VERB
bjmsr-506	301	19	that	that	SCONJ
bjmsr-506	301	20	investors	investor	NOUN
bjmsr-506	301	21	can	can	AUX
bjmsr-506	301	22	moderately	moderately	ADV
bjmsr-506	301	23	determine	determine	VERB
bjmsr-506	301	24	the	the	DET
bjmsr-506	301	25	amount	amount	NOUN
bjmsr-506	301	26	,	,	PUNCT
bjmsr-506	301	27	timing	timing	NOUN
bjmsr-506	301	28	and	and	CCONJ
bjmsr-506	301	29	uncertainty	uncertainty	NOUN
bjmsr-506	301	30	of	of	ADP
bjmsr-506	301	31	future	future	ADJ
bjmsr-506	301	32	cashflow	cashflow	NOUN
bjmsr-506	301	33	on	on	ADP
bjmsr-506	301	34	their	their	PRON
bjmsr-506	301	35	investments	investment	NOUN
bjmsr-506	301	36	.	.	PUNCT
bjmsr-506	302	1	however	however	ADV
bjmsr-506	302	2	,	,	PUNCT
bjmsr-506	302	3	volatility	volatility	NOUN
bjmsr-506	302	4	of	of	ADP
bjmsr-506	302	5	earnings	earning	NOUN
bjmsr-506	302	6	has	have	VERB
bjmsr-506	302	7	negative	negative	ADJ
bjmsr-506	302	8	effect	effect	NOUN
bjmsr-506	302	9	on	on	ADP
bjmsr-506	302	10	the	the	DET
bjmsr-506	302	11	ability	ability	NOUN
bjmsr-506	302	12	of	of	ADP
bjmsr-506	302	13	earnings	earning	NOUN
bjmsr-506	302	14	of	of	ADP
bjmsr-506	302	15	nigerian	nigerian	ADJ
bjmsr-506	302	16	quoted	quote	VERB
bjmsr-506	302	17	firms	firm	NOUN
bjmsr-506	302	18	to	to	PART
bjmsr-506	302	19	predict	predict	VERB
bjmsr-506	302	20	itself	itself	PRON
bjmsr-506	302	21	.	.	PUNCT
bjmsr-506	303	1	it	it	PRON
bjmsr-506	303	2	was	be	AUX
bjmsr-506	303	3	therefore	therefore	ADV
bjmsr-506	303	4	recommended	recommend	VERB
bjmsr-506	303	5	that	that	SCONJ
bjmsr-506	303	6	both	both	CCONJ
bjmsr-506	303	7	foreign	foreign	ADJ
bjmsr-506	303	8	and	and	CCONJ
bjmsr-506	303	9	local	local	ADJ
bjmsr-506	303	10	investors	investor	NOUN
bjmsr-506	303	11	should	should	AUX
bjmsr-506	303	12	invest	invest	VERB
bjmsr-506	303	13	their	their	PRON
bjmsr-506	303	14	wealth	wealth	NOUN
bjmsr-506	303	15	in	in	ADP
bjmsr-506	303	16	nigerian	nigerian	ADJ
bjmsr-506	303	17	firms	firm	NOUN
bjmsr-506	303	18	since	since	SCONJ
bjmsr-506	303	19	the	the	DET
bjmsr-506	303	20	risk	risk	NOUN
bjmsr-506	303	21	of	of	ADP
bjmsr-506	303	22	future	future	ADJ
bjmsr-506	303	23	earnings	earning	NOUN
bjmsr-506	303	24	can	can	AUX
bjmsr-506	303	25	be	be	AUX
bjmsr-506	303	26	moderately	moderately	ADV
bjmsr-506	303	27	determined	determine	VERB
bjmsr-506	303	28	from	from	ADP
bjmsr-506	303	29	past	past	ADJ
bjmsr-506	303	30	values	value	NOUN
bjmsr-506	303	31	of	of	ADP
bjmsr-506	303	32	earnings	earning	NOUN
bjmsr-506	303	33	.	.	PUNCT
bjmsr-506	304	1	secondly	secondly	ADV
bjmsr-506	304	2	,	,	PUNCT
bjmsr-506	304	3	since	since	SCONJ
bjmsr-506	304	4	volatility	volatility	NOUN
bjmsr-506	304	5	adversely	adversely	ADV
bjmsr-506	304	6	affects	affect	VERB
bjmsr-506	304	7	earnings	earning	NOUN
bjmsr-506	304	8	predictability	predictability	NOUN
bjmsr-506	304	9	management	management	NOUN
bjmsr-506	304	10	of	of	ADP
bjmsr-506	304	11	firms	firm	NOUN
bjmsr-506	304	12	should	should	AUX
bjmsr-506	304	13	ensure	ensure	VERB
bjmsr-506	304	14	smoothness	smoothness	ADJ
bjmsr-506	304	15	of	of	ADP
bjmsr-506	304	16	earnings	earning	NOUN
bjmsr-506	304	17	.	.	PUNCT
bjmsr-506	305	1	however	however	ADV
bjmsr-506	305	2	,	,	PUNCT
bjmsr-506	305	3	the	the	DET
bjmsr-506	305	4	practice	practice	NOUN
bjmsr-506	305	5	of	of	ADP
bjmsr-506	305	6	smoothening	smoothen	VERB
bjmsr-506	305	7	earnings	earning	NOUN
bjmsr-506	305	8	using	use	VERB
bjmsr-506	305	9	private	private	ADJ
bjmsr-506	305	10	information	information	NOUN
bjmsr-506	305	11	to	to	PART
bjmsr-506	305	12	get	get	VERB
bjmsr-506	305	13	personal	personal	ADJ
bjmsr-506	305	14	gains	gain	NOUN
bjmsr-506	305	15	is	be	AUX
bjmsr-506	305	16	not	not	PART
bjmsr-506	305	17	encouraged	encourage	VERB
bjmsr-506	305	18	because	because	SCONJ
bjmsr-506	305	19	it	it	PRON
bjmsr-506	305	20	is	be	AUX
bjmsr-506	305	21	capable	capable	ADJ
bjmsr-506	305	22	of	of	ADP
bjmsr-506	305	23	misleading	mislead	VERB
bjmsr-506	305	24	investors	investor	NOUN
bjmsr-506	305	25	and	and	CCONJ
bjmsr-506	305	26	other	other	ADJ
bjmsr-506	305	27	users	user	NOUN
bjmsr-506	305	28	of	of	ADP
bjmsr-506	305	29	earnings	earning	NOUN
bjmsr-506	305	30	information	information	NOUN
bjmsr-506	305	31	.	.	PUNCT
bjmsr-506	306	1	references	reference	NOUN
bjmsr-506	306	2	afego	afego	PROPN
bjmsr-506	306	3	,	,	PUNCT
bjmsr-506	306	4	p.	p.	NOUN
bjmsr-506	306	5	(	(	PUNCT
bjmsr-506	306	6	2012	2012	NUM
bjmsr-506	306	7	)	)	PUNCT
bjmsr-506	306	8	.	.	PUNCT
bjmsr-506	307	1	weak	weak	ADJ
bjmsr-506	307	2	form	form	NOUN
bjmsr-506	307	3	efficiency	efficiency	NOUN
bjmsr-506	307	4	of	of	ADP
bjmsr-506	307	5	the	the	DET
bjmsr-506	307	6	nigerian	nigerian	ADJ
bjmsr-506	307	7	stock	stock	NOUN
bjmsr-506	307	8	market	market	NOUN
bjmsr-506	307	9	:	:	PUNCT
bjmsr-506	307	10	an	an	DET
bjmsr-506	307	11	empirical	empirical	ADJ
bjmsr-506	307	12	analysis	analysis	NOUN
bjmsr-506	307	13	(	(	PUNCT
bjmsr-506	307	14	1984	1984	NUM
bjmsr-506	307	15	-	-	SYM
bjmsr-506	307	16	2009	2009	NUM
bjmsr-506	307	17	)	)	PUNCT
bjmsr-506	307	18	.	.	PUNCT
bjmsr-506	308	1	international	international	ADJ
bjmsr-506	308	2	journal	journal	PROPN
bjmsr-506	308	3	of	of	ADP
bjmsr-506	308	4	economics	economic	NOUN
bjmsr-506	308	5	and	and	CCONJ
bjmsr-506	308	6	financial	financial	ADJ
bjmsr-506	308	7	issues	issue	NOUN
bjmsr-506	308	8	,	,	PUNCT
bjmsr-506	308	9	2(3	2(3	NUM
bjmsr-506	308	10	)	)	PUNCT
bjmsr-506	308	11	,	,	PUNCT
bjmsr-506	308	12	340	340	NUM
bjmsr-506	308	13	-	-	SYM
bjmsr-506	308	14	347	347	NUM
bjmsr-506	308	15	.	.	PUNCT
bjmsr-506	309	1	albrecht	albrecht	PROPN
bjmsr-506	309	2	,	,	PUNCT
bjmsr-506	309	3	w.	w.	PROPN
bjmsr-506	309	4	s.	s.	PROPN
bjmsr-506	309	5	,	,	PUNCT
bjmsr-506	309	6	lookabill	lookabill	PROPN
bjmsr-506	309	7	,	,	PUNCT
bjmsr-506	309	8	l.	l.	PROPN
bjmsr-506	309	9	l.	l.	PROPN
bjmsr-506	309	10	,	,	PUNCT
bjmsr-506	309	11	&	&	CCONJ
bjmsr-506	309	12	mckeown	mckeown	PROPN
bjmsr-506	309	13	,	,	PUNCT
bjmsr-506	309	14	j.	j.	PROPN
bjmsr-506	309	15	c.	c.	PROPN
bjmsr-506	309	16	(	(	PUNCT
bjmsr-506	309	17	1977	1977	NUM
bjmsr-506	309	18	)	)	PUNCT
bjmsr-506	309	19	.	.	PUNCT
bjmsr-506	310	1	the	the	DET
bjmsr-506	310	2	time	time	NOUN
bjmsr-506	310	3	series	series	PROPN
bjmsr-506	310	4	properties	property	NOUN
bjmsr-506	310	5	of	of	ADP
bjmsr-506	310	6	annual	annual	ADJ
bjmsr-506	310	7	earnings	earning	NOUN
bjmsr-506	310	8	.	.	PUNCT
bjmsr-506	311	1	journal	journal	NOUN
bjmsr-506	311	2	of	of	ADP
bjmsr-506	311	3	accounting	accounting	NOUN
bjmsr-506	311	4	research	research	NOUN
bjmsr-506	311	5	,	,	PUNCT
bjmsr-506	311	6	15(2	15(2	NUM
bjmsr-506	311	7	)	)	PUNCT
bjmsr-506	311	8	,	,	PUNCT
bjmsr-506	311	9	226	226	NUM
bjmsr-506	311	10	-	-	SYM
bjmsr-506	311	11	244	244	NUM
bjmsr-506	311	12	.	.	PUNCT
bjmsr-506	312	1	allayannis	allayannis	PROPN
bjmsr-506	312	2	,	,	PUNCT
bjmsr-506	312	3	g.	g.	PROPN
bjmsr-506	312	4	,	,	PUNCT
bjmsr-506	312	5	rountree	rountree	PROPN
bjmsr-506	312	6	,	,	PUNCT
bjmsr-506	312	7	b.	b.	PROPN
bjmsr-506	312	8	&	&	CCONJ
bjmsr-506	312	9	weston	weston	PROPN
bjmsr-506	312	10	,	,	PUNCT
bjmsr-506	312	11	j.	j.	PROPN
bjmsr-506	312	12	p.	p.	PROPN
bjmsr-506	312	13	(	(	PUNCT
bjmsr-506	312	14	2005	2005	NUM
bjmsr-506	312	15	)	)	PUNCT
bjmsr-506	312	16	.	.	PUNCT
bjmsr-506	313	1	earnings	earning	NOUN
bjmsr-506	313	2	volatility	volatility	NOUN
bjmsr-506	313	3	,	,	PUNCT
bjmsr-506	313	4	cash	cash	NOUN
bjmsr-506	313	5	flow	flow	NOUN
bjmsr-506	313	6	volatility	volatility	NOUN
bjmsr-506	313	7	and	and	CCONJ
bjmsr-506	313	8	firm	firm	ADJ
bjmsr-506	313	9	value	value	NOUN
bjmsr-506	313	10	.	.	PUNCT
bjmsr-506	314	1	retrieved	retrieve	VERB
bjmsr-506	314	2	6	6	NUM
bjmsr-506	314	3	th	th	NUM
bjmsr-506	314	4	july	july	PROPN
bjmsr-506	314	5	,	,	PUNCT
bjmsr-506	314	6	2017	2017	NUM
bjmsr-506	314	7	from	from	ADP
bjmsr-506	314	8	https://faculty.fuqua.duke.edu/seminarscalendar/rountree.doc	https://faculty.fuqua.duke.edu/seminarscalendar/rountree.doc	PROPN
bjmsr-506	314	9	arellano	arellano	PROPN
bjmsr-506	314	10	,	,	PUNCT
bjmsr-506	314	11	m.	m.	NOUN
bjmsr-506	314	12	&	&	CCONJ
bjmsr-506	314	13	bond	bond	PROPN
bjmsr-506	314	14	,	,	PUNCT
bjmsr-506	314	15	s.	s.	PROPN
bjmsr-506	314	16	(	(	PUNCT
bjmsr-506	314	17	1991	1991	NUM
bjmsr-506	314	18	)	)	PUNCT
bjmsr-506	314	19	.	.	PUNCT
bjmsr-506	315	1	some	some	DET
bjmsr-506	315	2	tests	test	NOUN
bjmsr-506	315	3	of	of	ADP
bjmsr-506	315	4	specification	specification	NOUN
bjmsr-506	315	5	for	for	ADP
bjmsr-506	315	6	panel	panel	NOUN
bjmsr-506	315	7	data	datum	NOUN
bjmsr-506	315	8	:	:	PUNCT
bjmsr-506	315	9	monte	monte	PROPN
bjmsr-506	315	10	carlo	carlo	PROPN
bjmsr-506	315	11	evidence	evidence	NOUN
bjmsr-506	315	12	and	and	CCONJ
bjmsr-506	315	13	an	an	DET
bjmsr-506	315	14	application	application	NOUN
bjmsr-506	315	15	to	to	ADP
bjmsr-506	315	16	employment	employment	NOUN
bjmsr-506	315	17	equations	equation	NOUN
bjmsr-506	315	18	.	.	PUNCT
bjmsr-506	316	1	review	review	NOUN
bjmsr-506	316	2	of	of	ADP
bjmsr-506	316	3	economic	economic	ADJ
bjmsr-506	316	4	studies	study	NOUN
bjmsr-506	316	5	,	,	PUNCT
bjmsr-506	316	6	58	58	NUM
bjmsr-506	316	7	,	,	PUNCT
bjmsr-506	316	8	277	277	NUM
bjmsr-506	316	9	-	-	SYM
bjmsr-506	316	10	297	297	NUM
bjmsr-506	316	11	.	.	PUNCT
bjmsr-506	317	1	arewa	arewa	PROPN
bjmsr-506	317	2	,	,	PUNCT
bjmsr-506	317	3	a.	a.	PROPN
bjmsr-506	317	4	&	&	CCONJ
bjmsr-506	317	5	nwakanma	nwakanma	PROPN
bjmsr-506	317	6	,	,	PUNCT
bjmsr-506	317	7	p.	p.	PROPN
bjmsr-506	317	8	c.	c.	PROPN
bjmsr-506	317	9	(	(	PUNCT
bjmsr-506	317	10	2014	2014	NUM
bjmsr-506	317	11	)	)	PUNCT
bjmsr-506	317	12	.	.	PUNCT
bjmsr-506	318	1	re	re	VERB
bjmsr-506	318	2	-	-	VERB
bjmsr-506	318	3	validating	validate	VERB
bjmsr-506	318	4	weak	weak	ADJ
bjmsr-506	318	5	-	-	PUNCT
bjmsr-506	318	6	form	form	NOUN
bjmsr-506	318	7	hypothesis	hypothesis	NOUN
bjmsr-506	318	8	nigerian	nigerian	ADJ
bjmsr-506	318	9	capital	capital	NOUN
bjmsr-506	318	10	market	market	NOUN
bjmsr-506	318	11	:	:	PUNCT
bjmsr-506	318	12	a	a	DET
bjmsr-506	318	13	comparative	comparative	ADJ
bjmsr-506	318	14	test	test	NOUN
bjmsr-506	318	15	analysis	analysis	NOUN
bjmsr-506	318	16	.	.	PUNCT
bjmsr-506	319	1	international	international	ADJ
bjmsr-506	319	2	business	business	NOUN
bjmsr-506	319	3	research	research	NOUN
bjmsr-506	319	4	,	,	PUNCT
bjmsr-506	319	5	7(4	7(4	NUM
bjmsr-506	319	6	)	)	PUNCT
bjmsr-506	319	7	,	,	PUNCT
bjmsr-506	319	8	73	73	NUM
bjmsr-506	319	9	-	-	SYM
bjmsr-506	319	10	83	83	NUM
bjmsr-506	319	11	artikis	artiki	NOUN
bjmsr-506	319	12	,	,	PUNCT
bjmsr-506	319	13	p.	p.	PROPN
bjmsr-506	319	14	g.	g.	PROPN
bjmsr-506	319	15	,	,	PUNCT
bjmsr-506	319	16	&	&	CCONJ
bjmsr-506	319	17	papanastasopoulos	papanastasopoulos	PROPN
bjmsr-506	319	18	,	,	PUNCT
bjmsr-506	319	19	g.	g.	PROPN
bjmsr-506	319	20	a.	a.	PROPN
bjmsr-506	319	21	(	(	PUNCT
bjmsr-506	319	22	2016	2016	NUM
bjmsr-506	319	23	)	)	PUNCT
bjmsr-506	319	24	.	.	PUNCT
bjmsr-506	320	1	implications	implication	NOUN
bjmsr-506	320	2	of	of	ADP
bjmsr-506	320	3	the	the	DET
bjmsr-506	320	4	cash	cash	NOUN
bjmsr-506	320	5	component	component	NOUN
bjmsr-506	320	6	of	of	ADP
bjmsr-506	320	7	earnings	earning	NOUN
bjmsr-506	320	8	for	for	ADP
bjmsr-506	320	9	earnings	earning	NOUN
bjmsr-506	320	10	persistence	persistence	NOUN
bjmsr-506	320	11	and	and	CCONJ
bjmsr-506	320	12	stock	stock	NOUN
bjmsr-506	320	13	returns	return	NOUN
bjmsr-506	320	14	.	.	PUNCT
bjmsr-506	321	1	the	the	DET
bjmsr-506	321	2	british	british	PROPN
bjmsr-506	321	3	accounting	accounting	PROPN
bjmsr-506	321	4	review	review	PROPN
bjmsr-506	321	5	,	,	PUNCT
bjmsr-506	321	6	48(2	48(2	NUM
bjmsr-506	321	7	)	)	PUNCT
bjmsr-506	321	8	,	,	PUNCT
bjmsr-506	321	9	117	117	NUM
bjmsr-506	321	10	-	-	SYM
bjmsr-506	321	11	133	133	NUM
bjmsr-506	321	12	.	.	PUNCT
bjmsr-506	322	1	ball	ball	PROPN
bjmsr-506	322	2	,	,	PUNCT
bjmsr-506	322	3	r.	r.	PROPN
bjmsr-506	322	4	&	&	CCONJ
bjmsr-506	322	5	watts	watts	PROPN
bjmsr-506	322	6	,	,	PUNCT
bjmsr-506	322	7	r.	r.	PROPN
bjmsr-506	322	8	(	(	PUNCT
bjmsr-506	322	9	1972	1972	NUM
bjmsr-506	322	10	)	)	PUNCT
bjmsr-506	322	11	.	.	PUNCT
bjmsr-506	323	1	some	some	DET
bjmsr-506	323	2	time	time	NOUN
bjmsr-506	323	3	series	series	NOUN
bjmsr-506	323	4	properties	property	NOUN
bjmsr-506	323	5	of	of	ADP
bjmsr-506	323	6	accounting	accounting	NOUN
bjmsr-506	323	7	income	income	NOUN
bjmsr-506	323	8	.	.	PUNCT
bjmsr-506	324	1	the	the	DET
bjmsr-506	324	2	journal	journal	PROPN
bjmsr-506	324	3	of	of	ADP
bjmsr-506	324	4	finance	finance	NOUN
bjmsr-506	324	5	,	,	PUNCT
bjmsr-506	324	6	27	27	NUM
bjmsr-506	324	7	,	,	PUNCT
bjmsr-506	324	8	663	663	NUM
bjmsr-506	324	9	-	-	SYM
bjmsr-506	324	10	681	681	NUM
bjmsr-506	324	11	.	.	PUNCT
bjmsr-506	325	1	bandyopadhyay	bandyopadhyay	NOUN
bjmsr-506	325	2	,	,	PUNCT
bjmsr-506	325	3	s.	s.	PROPN
bjmsr-506	325	4	p.	p.	PROPN
bjmsr-506	325	5	,	,	PUNCT
bjmsr-506	325	6	chen	chen	PROPN
bjmsr-506	325	7	,	,	PUNCT
bjmsr-506	325	8	c.	c.	PROPN
bjmsr-506	325	9	,	,	PUNCT
bjmsr-506	325	10	huang	huang	PROPN
bjmsr-506	325	11	,	,	PUNCT
bjmsr-506	325	12	a.	a.	PROPN
bjmsr-506	325	13	g.	g.	PROPN
bjmsr-506	325	14	,	,	PUNCT
bjmsr-506	325	15	&	&	CCONJ
bjmsr-506	325	16	jha	jha	PROPN
bjmsr-506	325	17	,	,	PUNCT
bjmsr-506	325	18	r.	r.	PROPN
bjmsr-506	325	19	(	(	PUNCT
bjmsr-506	325	20	2010	2010	NUM
bjmsr-506	325	21	)	)	PUNCT
bjmsr-506	325	22	.	.	PUNCT
bjmsr-506	326	1	accounting	account	VERB
bjmsr-506	326	2	conservatism	conservatism	NOUN
bjmsr-506	326	3	and	and	CCONJ
bjmsr-506	326	4	the	the	DET
bjmsr-506	326	5	temporal	temporal	ADJ
bjmsr-506	326	6	trends	trend	NOUN
bjmsr-506	326	7	in	in	ADP
bjmsr-506	326	8	current	current	ADJ
bjmsr-506	326	9	earnings	earning	NOUN
bjmsr-506	326	10	’	'	PUNCT
bjmsr-506	326	11	ability	ability	NOUN
bjmsr-506	326	12	to	to	PART
bjmsr-506	326	13	predict	predict	VERB
bjmsr-506	326	14	future	future	ADJ
bjmsr-506	326	15	cash	cash	NOUN
bjmsr-506	326	16	flows	flow	NOUN
bjmsr-506	326	17	versus	versus	ADP
bjmsr-506	326	18	future	future	ADJ
bjmsr-506	326	19	earnings	earning	NOUN
bjmsr-506	326	20	:	:	PUNCT
bjmsr-506	326	21	evidence	evidence	NOUN
bjmsr-506	326	22	on	on	ADP
bjmsr-506	326	23	the	the	DET
bjmsr-506	326	24	trade‐off	trade‐off	NOUN
bjmsr-506	326	25	between	between	ADP
bjmsr-506	326	26	relevance	relevance	NOUN
bjmsr-506	326	27	and	and	CCONJ
bjmsr-506	326	28	reliability	reliability	NOUN
bjmsr-506	326	29	.	.	PUNCT
bjmsr-506	327	1	contemporary	contemporary	ADJ
bjmsr-506	327	2	accounting	accounting	NOUN
bjmsr-506	327	3	research	research	NOUN
bjmsr-506	327	4	,	,	PUNCT
bjmsr-506	327	5	27(2	27(2	PRON
bjmsr-506	327	6	)	)	PUNCT
bjmsr-506	327	7	,	,	PUNCT
bjmsr-506	327	8	413	413	NUM
bjmsr-506	327	9	-	-	SYM
bjmsr-506	327	10	460	460	NUM
bjmsr-506	327	11	.	.	PUNCT
bjmsr-506	328	1	black	black	ADJ
bjmsr-506	328	2	,	,	PUNCT
bjmsr-506	328	3	k.	k.	PROPN
bjmsr-506	328	4	(	(	PUNCT
bjmsr-506	328	5	2010	2010	NUM
bjmsr-506	328	6	)	)	PUNCT
bjmsr-506	328	7	.	.	PUNCT
bjmsr-506	329	1	business	business	NOUN
bjmsr-506	329	2	statistics	statistic	NOUN
bjmsr-506	329	3	:	:	PUNCT
bjmsr-506	329	4	for	for	ADP
bjmsr-506	329	5	contemporary	contemporary	ADJ
bjmsr-506	329	6	decision	decision	NOUN
bjmsr-506	329	7	making	making	NOUN
bjmsr-506	329	8	(	(	PUNCT
bjmsr-506	329	9	6th	6th	ADJ
bjmsr-506	329	10	ed	ed	NOUN
bjmsr-506	329	11	.	.	PUNCT
bjmsr-506	329	12	)	)	PUNCT
bjmsr-506	329	13	,	,	PUNCT
bjmsr-506	329	14	hoboken	hoboken	PROPN
bjmsr-506	329	15	:	:	PUNCT
bjmsr-506	329	16	john	john	PROPN
bjmsr-506	329	17	wiley	wiley	PROPN
bjmsr-506	329	18	&	&	CCONJ
bjmsr-506	329	19	sons	son	NOUN
bjmsr-506	329	20	boubakri	boubakri	PROPN
bjmsr-506	329	21	,	,	PUNCT
bjmsr-506	329	22	f.	f.	PROPN
bjmsr-506	329	23	(	(	PUNCT
bjmsr-506	329	24	2012	2012	NUM
bjmsr-506	329	25	)	)	PUNCT
bjmsr-506	329	26	.	.	PUNCT
bjmsr-506	330	1	the	the	DET
bjmsr-506	330	2	relationship	relationship	NOUN
bjmsr-506	330	3	between	between	ADP
bjmsr-506	330	4	accruals	accrual	NOUN
bjmsr-506	330	5	anomaly	anomaly	VERB
bjmsr-506	330	6	in	in	ADP
bjmsr-506	330	7	the	the	DET
bjmsr-506	330	8	canadian	canadian	ADJ
bjmsr-506	330	9	context	context	NOUN
bjmsr-506	330	10	.	.	PUNCT
bjmsr-506	331	1	international	international	ADJ
bjmsr-506	331	2	journal	journal	PROPN
bjmsr-506	331	3	of	of	ADP
bjmsr-506	331	4	economics	economic	NOUN
bjmsr-506	331	5	and	and	CCONJ
bjmsr-506	331	6	finance	finance	NOUN
bjmsr-506	331	7	,	,	PUNCT
bjmsr-506	331	8	4(6	4(6	NUM
bjmsr-506	331	9	)	)	PUNCT
bjmsr-506	331	10	,	,	PUNCT
bjmsr-506	331	11	51	51	NUM
bjmsr-506	331	12	-	-	SYM
bjmsr-506	331	13	62	62	NUM
bjmsr-506	331	14	.	.	PUNCT
bjmsr-506	332	1	bruner	bruner	PROPN
bjmsr-506	332	2	,	,	PUNCT
bjmsr-506	332	3	r.	r.	PROPN
bjmsr-506	332	4	f.	f.	PROPN
bjmsr-506	332	5	,	,	PUNCT
bjmsr-506	332	6	conroy	conroy	PROPN
bjmsr-506	332	7	,	,	PUNCT
bjmsr-506	332	8	r.m	r.m	PROPN
bjmsr-506	332	9	.	.	PROPN
bjmsr-506	332	10	,	,	PUNCT
bjmsr-506	332	11	estrada	estrada	PROPN
bjmsr-506	332	12	,	,	PUNCT
bjmsr-506	332	13	j.	j.	PROPN
bjmsr-506	332	14	,	,	PUNCT
bjmsr-506	332	15	kritzman	kritzman	NOUN
bjmsr-506	332	16	,	,	PUNCT
bjmsr-506	332	17	m.	m.	NOUN
bjmsr-506	332	18	,	,	PUNCT
bjmsr-506	332	19	&	&	CCONJ
bjmsr-506	332	20	li	li	PROPN
bjmsr-506	332	21	,	,	PUNCT
bjmsr-506	332	22	w.	w.	PROPN
bjmsr-506	332	23	(	(	PUNCT
bjmsr-506	332	24	2010	2010	NUM
bjmsr-506	332	25	)	)	PUNCT
bjmsr-506	332	26	.	.	PUNCT
bjmsr-506	333	1	introduction	introduction	NOUN
bjmsr-506	333	2	to	to	ADP
bjmsr-506	333	3	‘	'	PUNCT
bjmsr-506	333	4	valuation	valuation	NOUN
bjmsr-506	333	5	in	in	ADP
bjmsr-506	333	6	emerging	emerge	VERB
bjmsr-506	333	7	market	market	NOUN
bjmsr-506	333	8	’	'	PUNCT
bjmsr-506	333	9	.	.	PUNCT
bjmsr-506	334	1	emerging	emerge	VERB
bjmsr-506	334	2	market	market	NOUN
bjmsr-506	334	3	review	review	NOUN
bjmsr-506	334	4	,	,	PUNCT
bjmsr-506	334	5	3(310	3(310	NUM
bjmsr-506	334	6	-	-	SYM
bjmsr-506	334	7	324	324	NUM
bjmsr-506	334	8	)	)	PUNCT
bjmsr-506	334	9	chant	chant	NOUN
bjmsr-506	334	10	,	,	PUNCT
bjmsr-506	334	11	p.	p.	PROPN
bjmsr-506	334	12	d.	d.	PROPN
bjmsr-506	334	13	(	(	PUNCT
bjmsr-506	334	14	1980	1980	NUM
bjmsr-506	334	15	)	)	PUNCT
bjmsr-506	334	16	.	.	PUNCT
bjmsr-506	335	1	on	on	ADP
bjmsr-506	335	2	the	the	DET
bjmsr-506	335	3	predictability	predictability	NOUN
bjmsr-506	335	4	of	of	ADP
bjmsr-506	335	5	corporate	corporate	ADJ
bjmsr-506	335	6	earnings	earning	NOUN
bjmsr-506	335	7	per	per	ADP
bjmsr-506	335	8	share	share	NOUN
bjmsr-506	335	9	behavior	behavior	NOUN
bjmsr-506	335	10	.	.	PUNCT
bjmsr-506	336	1	journal	journal	PROPN
bjmsr-506	336	2	of	of	ADP
bjmsr-506	336	3	finance	finance	NOUN
bjmsr-506	336	4	,	,	PUNCT
bjmsr-506	336	5	35(1	35(1	NUM
bjmsr-506	336	6	)	)	PUNCT
bjmsr-506	336	7	,	,	PUNCT
bjmsr-506	336	8	13	13	NUM
bjmsr-506	336	9	-	-	SYM
bjmsr-506	336	10	21	21	NUM
bjmsr-506	336	11	.	.	PUNCT
bjmsr-506	337	1	collins	collins	PROPN
bjmsr-506	337	2	,	,	PUNCT
bjmsr-506	337	3	d.w	d.w	PROPN
bjmsr-506	337	4	.	.	PROPN
bjmsr-506	337	5	&	&	CCONJ
bjmsr-506	337	6	kothari	kothari	PROPN
bjmsr-506	337	7	,	,	PUNCT
bjmsr-506	337	8	s.p	s.p	PROPN
bjmsr-506	337	9	.	.	PROPN
bjmsr-506	337	10	(	(	PUNCT
bjmsr-506	337	11	1989	1989	NUM
bjmsr-506	337	12	)	)	PUNCT
bjmsr-506	337	13	.	.	PUNCT
bjmsr-506	338	1	an	an	DET
bjmsr-506	338	2	analysis	analysis	NOUN
bjmsr-506	338	3	of	of	ADP
bjmsr-506	338	4	inter	inter	ADJ
bjmsr-506	338	5	-	-	ADJ
bjmsr-506	338	6	temporal	temporal	ADJ
bjmsr-506	338	7	and	and	CCONJ
bjmsr-506	338	8	cross	cross	ADJ
bjmsr-506	338	9	-	-	ADJ
bjmsr-506	338	10	sectional	sectional	ADJ
bjmsr-506	338	11	determinants	determinant	NOUN
bjmsr-506	338	12	of	of	ADP
bjmsr-506	338	13	earnings	earning	NOUN
bjmsr-506	338	14	response	response	NOUN
bjmsr-506	338	15	coefficients	coefficient	NOUN
bjmsr-506	338	16	.	.	PUNCT
bjmsr-506	339	1	journal	journal	NOUN
bjmsr-506	339	2	of	of	ADP
bjmsr-506	339	3	accounting	accounting	NOUN
bjmsr-506	339	4	and	and	CCONJ
bjmsr-506	339	5	economics	economic	NOUN
bjmsr-506	339	6	,	,	PUNCT
bjmsr-506	339	7	11(143	11(143	NOUN
bjmsr-506	339	8	-	-	PUNCT
bjmsr-506	339	9	181	181	NUM
bjmsr-506	339	10	)	)	PUNCT
bjmsr-506	339	11	.	.	PUNCT
bjmsr-506	340	1	das	das	PROPN
bjmsr-506	340	2	,	,	PUNCT
bjmsr-506	340	3	s.	s.	PROPN
bjmsr-506	340	4	,	,	PUNCT
bjmsr-506	340	5	levine	levine	PROPN
bjmsr-506	340	6	,	,	PUNCT
bjmsr-506	340	7	c.	c.	PROPN
bjmsr-506	340	8	b.	b.	PROPN
bjmsr-506	340	9	,	,	PUNCT
bjmsr-506	340	10	&	&	CCONJ
bjmsr-506	340	11	sivaramakrishnan	sivaramakrishnan	PROPN
bjmsr-506	340	12	,	,	PUNCT
bjmsr-506	340	13	k.	k.	PROPN
bjmsr-506	340	14	(	(	PUNCT
bjmsr-506	340	15	1998	1998	NUM
bjmsr-506	340	16	)	)	PUNCT
bjmsr-506	340	17	.	.	PUNCT
bjmsr-506	341	1	earnings	earning	NOUN
bjmsr-506	341	2	predictability	predictability	NOUN
bjmsr-506	341	3	and	and	CCONJ
bjmsr-506	341	4	bias	bias	NOUN
bjmsr-506	341	5	in	in	ADP
bjmsr-506	341	6	analysts	analyst	NOUN
bjmsr-506	341	7	’	’	PART
bjmsr-506	341	8	earnings	earning	NOUN
bjmsr-506	341	9	forecasts	forecast	NOUN
bjmsr-506	341	10	.	.	PUNCT
bjmsr-506	342	1	the	the	DET
bjmsr-506	342	2	accounting	accounting	NOUN
bjmsr-506	342	3	review	review	NOUN
bjmsr-506	342	4	,	,	PUNCT
bjmsr-506	342	5	73(2	73(2	NUM
bjmsr-506	342	6	)	)	PUNCT
bjmsr-506	342	7	,	,	PUNCT
bjmsr-506	342	8	277	277	NUM
bjmsr-506	342	9	-	-	SYM
bjmsr-506	342	10	294	294	NUM
bjmsr-506	342	11	.	.	PUNCT
bjmsr-506	343	1	dechow	dechow	ADJ
bjmsr-506	343	2	,	,	PUNCT
bjmsr-506	343	3	p.	p.	PROPN
bjmsr-506	343	4	,	,	PUNCT
bjmsr-506	343	5	ge	ge	PROPN
bjmsr-506	343	6	,	,	PUNCT
bjmsr-506	343	7	w.	w.	PROPN
bjmsr-506	343	8	,	,	PUNCT
bjmsr-506	343	9	schrand	schrand	PROPN
bjmsr-506	343	10	,	,	PUNCT
bjmsr-506	343	11	c.	c.	PROPN
bjmsr-506	343	12	(	(	PUNCT
bjmsr-506	343	13	2010	2010	NUM
bjmsr-506	343	14	)	)	PUNCT
bjmsr-506	343	15	.	.	PUNCT
bjmsr-506	344	1	understanding	understand	VERB
bjmsr-506	344	2	earnings	earning	NOUN
bjmsr-506	344	3	quality	quality	NOUN
bjmsr-506	344	4	:	:	PUNCT
bjmsr-506	344	5	a	a	DET
bjmsr-506	344	6	review	review	NOUN
bjmsr-506	344	7	of	of	ADP
bjmsr-506	344	8	the	the	DET
bjmsr-506	344	9	proxies	proxy	NOUN
bjmsr-506	344	10	,	,	PUNCT
bjmsr-506	344	11	their	their	PRON
bjmsr-506	344	12	determinants	determinant	NOUN
bjmsr-506	344	13	and	and	CCONJ
bjmsr-506	344	14	their	their	PRON
bjmsr-506	344	15	consequences	consequence	NOUN
bjmsr-506	344	16	.	.	PUNCT
bjmsr-506	345	1	journal	journal	NOUN
bjmsr-506	345	2	of	of	ADP
bjmsr-506	345	3	accounting	accounting	NOUN
bjmsr-506	345	4	and	and	CCONJ
bjmsr-506	345	5	economics	economic	NOUN
bjmsr-506	345	6	,	,	PUNCT
bjmsr-506	345	7	50	50	NUM
bjmsr-506	345	8	,	,	PUNCT
bjmsr-506	345	9	344	344	NUM
bjmsr-506	345	10	-	-	SYM
bjmsr-506	345	11	401	401	NUM
bjmsr-506	345	12	.	.	PUNCT
bjmsr-506	346	1	dichev	dichev	PROPN
bjmsr-506	346	2	,	,	PUNCT
bjmsr-506	346	3	i.	i.	PROPN
bjmsr-506	346	4	d.	d.	PROPN
bjmsr-506	346	5	,	,	PUNCT
bjmsr-506	346	6	&	&	CCONJ
bjmsr-506	346	7	tang	tang	PROPN
bjmsr-506	346	8	,	,	PUNCT
bjmsr-506	346	9	v.	v.	ADP
bjmsr-506	346	10	w.	w.	PROPN
bjmsr-506	346	11	(	(	PUNCT
bjmsr-506	346	12	2008	2008	NUM
bjmsr-506	346	13	)	)	PUNCT
bjmsr-506	346	14	.	.	PUNCT
bjmsr-506	347	1	matching	matching	NOUN
bjmsr-506	347	2	and	and	CCONJ
bjmsr-506	347	3	the	the	DET
bjmsr-506	347	4	changing	change	VERB
bjmsr-506	347	5	properties	property	NOUN
bjmsr-506	347	6	of	of	ADP
bjmsr-506	347	7	accounting	accounting	NOUN
bjmsr-506	347	8	earnings	earning	NOUN
bjmsr-506	347	9	over	over	ADP
bjmsr-506	347	10	the	the	DET
bjmsr-506	347	11	last	last	ADJ
bjmsr-506	347	12	40	40	NUM
bjmsr-506	347	13	years	year	NOUN
bjmsr-506	347	14	.	.	PUNCT
bjmsr-506	348	1	the	the	DET
bjmsr-506	348	2	accounting	accounting	PROPN
bjmsr-506	348	3	review	review	PROPN
bjmsr-506	348	4	,	,	PUNCT
bjmsr-506	348	5	83(6	83(6	PROPN
bjmsr-506	348	6	)	)	PUNCT
bjmsr-506	348	7	,	,	PUNCT
bjmsr-506	348	8	1425	1425	NUM
bjmsr-506	348	9	-	-	SYM
bjmsr-506	348	10	1460	1460	NUM
bjmsr-506	348	11	.	.	PUNCT
bjmsr-506	349	1	dichev	dichev	PROPN
bjmsr-506	349	2	,	,	PUNCT
bjmsr-506	349	3	i.	i.	PROPN
bjmsr-506	349	4	d.	d.	PROPN
bjmsr-506	349	5	,	,	PUNCT
bjmsr-506	349	6	&	&	CCONJ
bjmsr-506	349	7	tang	tang	PROPN
bjmsr-506	349	8	,	,	PUNCT
bjmsr-506	349	9	v.	v.	ADP
bjmsr-506	349	10	w.	w.	PROPN
bjmsr-506	349	11	(	(	PUNCT
bjmsr-506	349	12	2009	2009	NUM
bjmsr-506	349	13	)	)	PUNCT
bjmsr-506	349	14	.	.	PUNCT
bjmsr-506	350	1	earnings	earning	NOUN
bjmsr-506	350	2	volatility	volatility	NOUN
bjmsr-506	350	3	and	and	CCONJ
bjmsr-506	350	4	earnings	earning	NOUN
bjmsr-506	350	5	predictability	predictability	NOUN
bjmsr-506	350	6	.	.	PUNCT
bjmsr-506	351	1	journal	journal	NOUN
bjmsr-506	351	2	of	of	ADP
bjmsr-506	351	3	accounting	accounting	NOUN
bjmsr-506	351	4	and	and	CCONJ
bjmsr-506	351	5	economics	economic	NOUN
bjmsr-506	351	6	,	,	PUNCT
bjmsr-506	351	7	47(1/2	47(1/2	NUM
bjmsr-506	351	8	)	)	PUNCT
bjmsr-506	351	9	,	,	PUNCT
bjmsr-506	351	10	160	160	NUM
bjmsr-506	351	11	-	-	SYM
bjmsr-506	351	12	181	181	NUM
bjmsr-506	351	13	.	.	PUNCT
bjmsr-506	352	1	doneva	doneva	PROPN
bjmsr-506	352	2	,	,	PUNCT
bjmsr-506	352	3	v.	v.	PROPN
bjmsr-506	352	4	&	&	CCONJ
bjmsr-506	352	5	strom	strom	PROPN
bjmsr-506	352	6	,	,	PUNCT
bjmsr-506	352	7	j.	j.	PROPN
bjmsr-506	352	8	(	(	PUNCT
bjmsr-506	352	9	2013	2013	NUM
bjmsr-506	352	10	)	)	PUNCT
bjmsr-506	352	11	.	.	PUNCT
bjmsr-506	353	1	credit	credit	NOUN
bjmsr-506	353	2	rating	rating	NOUN
bjmsr-506	353	3	and	and	CCONJ
bjmsr-506	353	4	investment	investment	NOUN
bjmsr-506	353	5	decision	decision	NOUN
bjmsr-506	353	6	in	in	ADP
bjmsr-506	353	7	emerging	emerge	VERB
bjmsr-506	353	8	market	market	NOUN
bjmsr-506	353	9	.	.	PUNCT
bjmsr-506	354	1	unpublished	unpublished	ADJ
bjmsr-506	354	2	master	master	NOUN
bjmsr-506	354	3	dissertation	dissertation	NOUN
bjmsr-506	354	4	,	,	PUNCT
bjmsr-506	354	5	school	school	NOUN
bjmsr-506	354	6	of	of	ADP
bjmsr-506	354	7	economics	economic	NOUN
bjmsr-506	354	8	and	and	CCONJ
bjmsr-506	354	9	management	management	NOUN
bjmsr-506	354	10	,	,	PUNCT
bjmsr-506	354	11	lund	lund	PROPN
bjmsr-506	354	12	university	university	PROPN
bjmsr-506	354	13	dumontier	dumontier	NOUN
bjmsr-506	354	14	,	,	PUNCT
bjmsr-506	354	15	p.	p.	PROPN
bjmsr-506	354	16	,	,	PUNCT
bjmsr-506	354	17	&	&	CCONJ
bjmsr-506	354	18	raffournier	raffournier	PROPN
bjmsr-506	354	19	,	,	PUNCT
bjmsr-506	354	20	b.	b.	PROPN
bjmsr-506	354	21	(	(	PUNCT
bjmsr-506	354	22	2002	2002	NUM
bjmsr-506	354	23	)	)	PUNCT
bjmsr-506	354	24	.	.	PUNCT
bjmsr-506	355	1	accounting	accounting	NOUN
bjmsr-506	355	2	and	and	CCONJ
bjmsr-506	355	3	capital	capital	NOUN
bjmsr-506	355	4	markets	market	NOUN
bjmsr-506	355	5	:	:	PUNCT
bjmsr-506	355	6	a	a	DET
bjmsr-506	355	7	survey	survey	NOUN
bjmsr-506	355	8	of	of	ADP
bjmsr-506	355	9	the	the	DET
bjmsr-506	355	10	european	european	ADJ
bjmsr-506	355	11	evidence	evidence	NOUN
bjmsr-506	355	12	.	.	PUNCT
bjmsr-506	356	1	european	european	ADJ
bjmsr-506	356	2	accounting	accounting	PROPN
bjmsr-506	356	3	review	review	PROPN
bjmsr-506	356	4	,	,	PUNCT
bjmsr-506	356	5	11(1	11(1	NUM
bjmsr-506	356	6	)	)	PUNCT
bjmsr-506	356	7	,	,	PUNCT
bjmsr-506	356	8	119	119	NUM
bjmsr-506	356	9	-	-	SYM
bjmsr-506	356	10	151	151	NUM
bjmsr-506	356	11	.	.	PUNCT
bjmsr-506	357	1	dupernex	dupernex	NOUN
bjmsr-506	357	2	,	,	PUNCT
bjmsr-506	357	3	s.	s.	PROPN
bjmsr-506	357	4	(	(	PUNCT
bjmsr-506	357	5	2007	2007	NUM
bjmsr-506	357	6	)	)	PUNCT
bjmsr-506	357	7	.	.	PUNCT
bjmsr-506	358	1	why	why	SCONJ
bjmsr-506	358	2	might	might	AUX
bjmsr-506	358	3	share	share	VERB
bjmsr-506	358	4	prices	price	NOUN
bjmsr-506	358	5	follow	follow	VERB
bjmsr-506	358	6	a	a	DET
bjmsr-506	358	7	random	random	ADJ
bjmsr-506	358	8	walk	walk	NOUN
bjmsr-506	358	9	?	?	PUNCT
bjmsr-506	359	1	student	student	NOUN
bjmsr-506	359	2	economic	economic	PROPN
bjmsr-506	359	3	review	review	PROPN
bjmsr-506	359	4	,	,	PUNCT
bjmsr-506	359	5	21	21	NUM
bjmsr-506	359	6	,	,	PUNCT
bjmsr-506	359	7	167	167	NUM
bjmsr-506	359	8	-	-	SYM
bjmsr-506	359	9	179	179	NUM
bjmsr-506	359	10	.	.	PUNCT
bjmsr-506	360	1	ebirien	ebirien	PROPN
bjmsr-506	360	2	,	,	PUNCT
bjmsr-506	360	3	g.	g.	PROPN
bjmsr-506	360	4	i.	i.	PROPN
bjmsr-506	360	5	&	&	CCONJ
bjmsr-506	360	6	nwanyanwu	nwanyanwu	PROPN
bjmsr-506	360	7	,	,	PUNCT
bjmsr-506	360	8	l.	l.	PROPN
bjmsr-506	360	9	(	(	PUNCT
bjmsr-506	360	10	2017	2017	NUM
bjmsr-506	360	11	)	)	PUNCT
bjmsr-506	360	12	.	.	PUNCT
bjmsr-506	361	1	earnings	earning	NOUN
bjmsr-506	361	2	quality	quality	NOUN
bjmsr-506	361	3	of	of	ADP
bjmsr-506	361	4	firms	firm	NOUN
bjmsr-506	361	5	in	in	ADP
bjmsr-506	361	6	the	the	DET
bjmsr-506	361	7	nigerian	nigerian	ADJ
bjmsr-506	361	8	financial	financial	ADJ
bjmsr-506	361	9	services	service	NOUN
bjmsr-506	361	10	sector	sector	NOUN
bjmsr-506	361	11	.	.	PUNCT
bjmsr-506	362	1	european	european	PROPN
bjmsr-506	362	2	journal	journal	PROPN
bjmsr-506	362	3	of	of	ADP
bjmsr-506	362	4	accounting	accounting	NOUN
bjmsr-506	362	5	,	,	PUNCT
bjmsr-506	362	6	auditing	auditing	NOUN
bjmsr-506	362	7	and	and	CCONJ
bjmsr-506	362	8	finance	finance	NOUN
bjmsr-506	362	9	research	research	NOUN
bjmsr-506	362	10	,	,	PUNCT
bjmsr-506	362	11	5(4	5(4	NUM
bjmsr-506	362	12	)	)	PUNCT
bjmsr-506	362	13	,	,	PUNCT
bjmsr-506	362	14	54	54	NUM
bjmsr-506	362	15	-	-	SYM
bjmsr-506	362	16	64	64	NUM
bjmsr-506	362	17	.	.	PUNCT
bjmsr-506	363	1	espinosa	espinosa	PROPN
bjmsr-506	363	2	,	,	PUNCT
bjmsr-506	363	3	p.	p.	NOUN
bjmsr-506	363	4	(	(	PUNCT
bjmsr-506	363	5	2016	2016	NUM
bjmsr-506	363	6	)	)	PUNCT
bjmsr-506	363	7	.	.	PUNCT
bjmsr-506	364	1	on	on	ADP
bjmsr-506	364	2	value	value	NOUN
bjmsr-506	364	3	in	in	ADP
bjmsr-506	364	4	the	the	DET
bjmsr-506	364	5	emerging	emerge	VERB
bjmsr-506	364	6	markets	market	NOUN
bjmsr-506	364	7	.	.	PUNCT
bjmsr-506	365	1	seafarer	seafarer	NOUN
bjmsr-506	365	2	capital	capital	PROPN
bjmsr-506	365	3	partners	partners	PROPN
bjmsr-506	365	4	,	,	PUNCT
bjmsr-506	365	5	llc	llc	PROPN
bjmsr-506	365	6	,	,	PUNCT
bjmsr-506	365	7	sea000471	sea000471	NOUN
bjmsr-506	365	8	ewert	ewert	PROPN
bjmsr-506	365	9	,	,	PUNCT
bjmsr-506	365	10	r.	r.	PROPN
bjmsr-506	365	11	,	,	PUNCT
bjmsr-506	365	12	wagenhofer	wagenhofer	VERB
bjmsr-506	365	13	,	,	PUNCT
bjmsr-506	365	14	a.	a.	NOUN
bjmsr-506	365	15	(	(	PUNCT
bjmsr-506	365	16	2010	2010	NUM
bjmsr-506	365	17	)	)	PUNCT
bjmsr-506	365	18	.	.	PUNCT
bjmsr-506	366	1	earnings	earning	NOUN
bjmsr-506	366	2	quality	quality	NOUN
bjmsr-506	366	3	metrics	metric	NOUN
bjmsr-506	366	4	and	and	CCONJ
bjmsr-506	366	5	what	what	PRON
bjmsr-506	366	6	they	they	PRON
bjmsr-506	366	7	measure	measure	VERB
bjmsr-506	366	8	.	.	PUNCT
bjmsr-506	367	1	copyright	copyright	NOUN
bjmsr-506	367	2	©	©	PROPN
bjmsr-506	367	3	cc	cc	PROPN
bjmsr-506	367	4	-	-	PUNCT
bjmsr-506	367	5	by	by	ADP
bjmsr-506	367	6	-	-	PUNCT
bjmsr-506	367	7	nc	nc	PROPN
bjmsr-506	367	8	2020	2020	NUM
bjmsr-506	367	9	,	,	PUNCT
bjmsr-506	367	10	cribfb	cribfb	PROPN
bjmsr-506	367	11	|bjmsr	|bjmsr	PROPN
bjmsr-506	367	12	www.cribfb.com/journal/index.php/bjmsr	www.cribfb.com/journal/index.php/bjmsr	X
bjmsr-506	368	1	bangladesh	bangladesh	PROPN
bjmsr-506	368	2	journal	journal	PROPN
bjmsr-506	368	3	of	of	ADP
bjmsr-506	368	4	multidisciplinary	multidisciplinary	ADJ
bjmsr-506	368	5	scientific	scientific	ADJ
bjmsr-506	368	6	research	research	NOUN
bjmsr-506	368	7	vol	vol	NOUN
bjmsr-506	368	8	.	.	PROPN
bjmsr-506	369	1	2	2	NUM
bjmsr-506	369	2	,	,	PUNCT
bjmsr-506	369	3	no	no	INTJ
bjmsr-506	369	4	.	.	NOUN
bjmsr-506	369	5	1	1	NUM
bjmsr-506	369	6	;	;	PUNCT
bjmsr-506	369	7	2020	2020	NUM
bjmsr-506	369	8	32	32	NUM
bjmsr-506	369	9	fama	fama	NOUN
bjmsr-506	369	10	,	,	PUNCT
bjmsr-506	369	11	e.	e.	PROPN
bjmsr-506	369	12	f.	f.	PROPN
bjmsr-506	369	13	&	&	CCONJ
bjmsr-506	369	14	french	french	PROPN
bjmsr-506	369	15	,	,	PUNCT
bjmsr-506	369	16	k.	k.	PROPN
bjmsr-506	369	17	r.	r.	PROPN
bjmsr-506	369	18	(	(	PUNCT
bjmsr-506	369	19	2000	2000	NUM
bjmsr-506	369	20	)	)	PUNCT
bjmsr-506	369	21	.	.	PUNCT
bjmsr-506	370	1	forecasting	forecasting	NOUN
bjmsr-506	370	2	profitability	profitability	NOUN
bjmsr-506	370	3	and	and	CCONJ
bjmsr-506	370	4	earnings	earning	NOUN
bjmsr-506	370	5	.	.	PUNCT
bjmsr-506	371	1	journal	journal	NOUN
bjmsr-506	371	2	of	of	ADP
bjmsr-506	371	3	business	business	NOUN
bjmsr-506	371	4	,	,	PUNCT
bjmsr-506	371	5	73(2	73(2	NUM
bjmsr-506	371	6	)	)	PUNCT
bjmsr-506	371	7	,	,	PUNCT
bjmsr-506	371	8	161	161	NUM
bjmsr-506	371	9	-	-	SYM
bjmsr-506	371	10	175	175	NUM
bjmsr-506	371	11	.	.	PUNCT
bjmsr-506	372	1	feltham	feltham	PROPN
bjmsr-506	372	2	,	,	PUNCT
bjmsr-506	372	3	g.	g.	PROPN
bjmsr-506	372	4	&	&	CCONJ
bjmsr-506	372	5	ohlson	ohlson	PROPN
bjmsr-506	372	6	,	,	PUNCT
bjmsr-506	372	7	j.	j.	PROPN
bjmsr-506	372	8	a.	a.	PROPN
bjmsr-506	372	9	(	(	PUNCT
bjmsr-506	372	10	1995	1995	NUM
bjmsr-506	372	11	)	)	PUNCT
bjmsr-506	372	12	.	.	PUNCT
bjmsr-506	373	1	valuation	valuation	NOUN
bjmsr-506	373	2	and	and	CCONJ
bjmsr-506	373	3	clean	clean	ADJ
bjmsr-506	373	4	surplus	surplus	NOUN
bjmsr-506	373	5	accounting	accounting	NOUN
bjmsr-506	373	6	for	for	ADP
bjmsr-506	373	7	operating	operate	VERB
bjmsr-506	373	8	and	and	CCONJ
bjmsr-506	373	9	financial	financial	ADJ
bjmsr-506	373	10	activities	activity	NOUN
bjmsr-506	373	11	.	.	PUNCT
bjmsr-506	374	1	contemporary	contemporary	ADJ
bjmsr-506	374	2	accounting	accounting	NOUN
bjmsr-506	374	3	research	research	PROPN
bjmsr-506	374	4	,	,	PUNCT
bjmsr-506	374	5	11(2	11(2	NUM
bjmsr-506	374	6	)	)	PUNCT
bjmsr-506	374	7	,	,	PUNCT
bjmsr-506	374	8	689	689	NUM
bjmsr-506	374	9	-	-	SYM
bjmsr-506	374	10	731	731	NUM
bjmsr-506	374	11	.	.	PUNCT
bjmsr-506	375	1	folsom	folsom	PROPN
bjmsr-506	375	2	,	,	PUNCT
bjmsr-506	375	3	d.	d.	PROPN
bjmsr-506	375	4	,	,	PUNCT
bjmsr-506	375	5	hribar	hribar	NOUN
bjmsr-506	375	6	,	,	PUNCT
bjmsr-506	375	7	p.	p.	NOUN
bjmsr-506	375	8	,	,	PUNCT
bjmsr-506	375	9	mergenthaler	mergenthaler	PROPN
bjmsr-506	375	10	,	,	PUNCT
bjmsr-506	375	11	r.	r.	PROPN
bjmsr-506	375	12	d.	d.	PROPN
bjmsr-506	375	13	,	,	PUNCT
bjmsr-506	375	14	&	&	CCONJ
bjmsr-506	375	15	peterson	peterson	PROPN
bjmsr-506	375	16	,	,	PUNCT
bjmsr-506	375	17	k.	k.	PROPN
bjmsr-506	375	18	(	(	PUNCT
bjmsr-506	375	19	2016	2016	NUM
bjmsr-506	375	20	)	)	PUNCT
bjmsr-506	375	21	.	.	PUNCT
bjmsr-506	376	1	principles	principle	NOUN
bjmsr-506	376	2	-	-	PUNCT
bjmsr-506	376	3	based	base	VERB
bjmsr-506	376	4	standards	standard	NOUN
bjmsr-506	376	5	and	and	CCONJ
bjmsr-506	376	6	earnings	earning	NOUN
bjmsr-506	376	7	attributes	attribute	NOUN
bjmsr-506	376	8	.	.	PUNCT
bjmsr-506	377	1	management	management	NOUN
bjmsr-506	377	2	science	science	NOUN
bjmsr-506	377	3	,	,	PUNCT
bjmsr-506	377	4	63(8	63(8	NUM
bjmsr-506	377	5	)	)	PUNCT
bjmsr-506	377	6	http://pubsonline.informs.org/doi/abs/10.1287/mnsc.2016.2465	http://pubsonline.informs.org/doi/abs/10.1287/mnsc.2016.2465	PROPN
bjmsr-506	377	7	francis	francis	PROPN
bjmsr-506	377	8	,	,	PUNCT
bjmsr-506	377	9	j.	j.	PROPN
bjmsr-506	377	10	,	,	PUNCT
bjmsr-506	377	11	lafond	lafond	PROPN
bjmsr-506	377	12	,	,	PUNCT
bjmsr-506	377	13	r.	r.	PROPN
bjmsr-506	377	14	,	,	PUNCT
bjmsr-506	377	15	olsson	olsson	PROPN
bjmsr-506	377	16	,	,	PUNCT
bjmsr-506	377	17	p.	p.	PROPN
bjmsr-506	377	18	,	,	PUNCT
bjmsr-506	377	19	&	&	CCONJ
bjmsr-506	377	20	schipper	schipper	PROPN
bjmsr-506	377	21	,	,	PUNCT
bjmsr-506	377	22	k.	k.	PROPN
bjmsr-506	377	23	(	(	PUNCT
bjmsr-506	377	24	2004	2004	NUM
bjmsr-506	377	25	)	)	PUNCT
bjmsr-506	377	26	.	.	PUNCT
bjmsr-506	378	1	costs	cost	NOUN
bjmsr-506	378	2	of	of	ADP
bjmsr-506	378	3	equity	equity	NOUN
bjmsr-506	378	4	and	and	CCONJ
bjmsr-506	378	5	earnings	earning	NOUN
bjmsr-506	378	6	attributes	attribute	NOUN
bjmsr-506	378	7	.	.	PUNCT
bjmsr-506	379	1	the	the	DET
bjmsr-506	379	2	accounting	accounting	PROPN
bjmsr-506	379	3	review,79(4	review,79(4	PROPN
bjmsr-506	379	4	)	)	PUNCT
bjmsr-506	379	5	,	,	PUNCT
bjmsr-506	379	6	967	967	NUM
bjmsr-506	379	7	-	-	SYM
bjmsr-506	379	8	1010	1010	NUM
bjmsr-506	379	9	.	.	PUNCT
bjmsr-506	380	1	fink	fink	PROPN
bjmsr-506	380	2	,	,	PUNCT
bjmsr-506	380	3	j.	j.	PROPN
bjmsr-506	380	4	(	(	PUNCT
bjmsr-506	380	5	2014	2014	NUM
bjmsr-506	380	6	)	)	PUNCT
bjmsr-506	380	7	.	.	PUNCT
bjmsr-506	381	1	valuing	value	VERB
bjmsr-506	381	2	stocks	stock	NOUN
bjmsr-506	381	3	using	use	VERB
bjmsr-506	381	4	a	a	DET
bjmsr-506	381	5	snapshot	snapshot	ADJ
bjmsr-506	381	6	multiple	multiple	NOUN
bjmsr-506	381	7	requires	require	VERB
bjmsr-506	381	8	earnings	earning	NOUN
bjmsr-506	381	9	predictability	predictability	NOUN
bjmsr-506	381	10	.	.	PUNCT
bjmsr-506	382	1	retrieved	retrieve	VERB
bjmsr-506	382	2	on	on	ADP
bjmsr-506	382	3	6th	6th	ADJ
bjmsr-506	382	4	june	june	PROPN
bjmsr-506	382	5	,	,	PUNCT
bjmsr-506	382	6	2017	2017	NUM
bjmsr-506	382	7	from	from	ADP
bjmsr-506	382	8	https://www.investingdaily.com/20643/valuing-stockusing-a-snapshot-multiple-requires-earnings-predictability-2	https://www.investingdaily.com/20643/valuing-stockusing-a-snapshot-multiple-requires-earnings-predictability-2	PROPN
bjmsr-506	382	9	graham	graham	PROPN
bjmsr-506	382	10	,	,	PUNCT
bjmsr-506	382	11	b.	b.	PROPN
bjmsr-506	382	12	,	,	PUNCT
bjmsr-506	382	13	&	&	CCONJ
bjmsr-506	382	14	dodd	dodd	PROPN
bjmsr-506	382	15	,	,	PUNCT
bjmsr-506	382	16	d.	d.	PROPN
bjmsr-506	382	17	l.	l.	PROPN
bjmsr-506	382	18	(	(	PUNCT
bjmsr-506	382	19	2009	2009	NUM
bjmsr-506	382	20	)	)	PUNCT
bjmsr-506	382	21	.	.	PUNCT
bjmsr-506	383	1	security	security	NOUN
bjmsr-506	383	2	analysis	analysis	NOUN
bjmsr-506	383	3	:	:	PUNCT
bjmsr-506	383	4	principles	principle	NOUN
bjmsr-506	383	5	and	and	CCONJ
bjmsr-506	383	6	techniques	technique	NOUN
bjmsr-506	383	7	(	(	PUNCT
bjmsr-506	383	8	6th	6th	ADJ
bjmsr-506	383	9	ed	ed	NOUN
bjmsr-506	383	10	.	.	PUNCT
bjmsr-506	383	11	)	)	PUNCT
bjmsr-506	383	12	,	,	PUNCT
bjmsr-506	383	13	new	new	PROPN
bjmsr-506	383	14	york	york	PROPN
bjmsr-506	383	15	:	:	PUNCT
bjmsr-506	383	16	mcgrawhill	mcgrawhill	PROPN
bjmsr-506	383	17	.	.	PUNCT
bjmsr-506	384	1	hamzavi	hamzavi	PROPN
bjmsr-506	384	2	,	,	PUNCT
bjmsr-506	384	3	m.	m.	NOUN
bjmsr-506	384	4	a.	a.	PROPN
bjmsr-506	384	5	&	&	CCONJ
bjmsr-506	384	6	aflatooni	aflatooni	PROPN
bjmsr-506	384	7	,	,	PUNCT
bjmsr-506	384	8	a.	a.	NOUN
bjmsr-506	384	9	(	(	PUNCT
bjmsr-506	384	10	2011	2011	NUM
bjmsr-506	384	11	)	)	PUNCT
bjmsr-506	384	12	.	.	PUNCT
bjmsr-506	385	1	earnings	earning	NOUN
bjmsr-506	385	2	smoothing	smoothing	NOUN
bjmsr-506	385	3	and	and	CCONJ
bjmsr-506	385	4	earnings	earning	NOUN
bjmsr-506	385	5	predictability	predictability	NOUN
bjmsr-506	385	6	.	.	PUNCT
bjmsr-506	386	1	business	business	NOUN
bjmsr-506	386	2	intelligence	intelligence	NOUN
bjmsr-506	386	3	journal	journal	PROPN
bjmsr-506	386	4	,	,	PUNCT
bjmsr-506	386	5	4(1	4(1	NOUN
bjmsr-506	386	6	)	)	PUNCT
bjmsr-506	386	7	,	,	PUNCT
bjmsr-506	386	8	187	187	NUM
bjmsr-506	386	9	-	-	SYM
bjmsr-506	386	10	201	201	NUM
bjmsr-506	386	11	.	.	PUNCT
bjmsr-506	387	1	hasan	hasan	PROPN
bjmsr-506	387	2	,	,	PUNCT
bjmsr-506	387	3	i	i	PROPN
bjmsr-506	387	4	,	,	PUNCT
bjmsr-506	387	5	park	park	PROPN
bjmsr-506	387	6	,	,	PUNCT
bjmsr-506	387	7	j.	j.	PROPN
bjmsr-506	387	8	c.	c.	PROPN
bjmsr-506	387	9	,	,	PUNCT
bjmsr-506	387	10	&	&	CCONJ
bjmsr-506	387	11	wu	wu	PROPN
bjmsr-506	387	12	,	,	PUNCT
bjmsr-506	387	13	q.	q.	PROPN
bjmsr-506	387	14	(	(	PUNCT
bjmsr-506	387	15	2012	2012	NUM
bjmsr-506	387	16	)	)	PUNCT
bjmsr-506	387	17	.	.	PUNCT
bjmsr-506	388	1	the	the	DET
bjmsr-506	388	2	impact	impact	NOUN
bjmsr-506	388	3	of	of	ADP
bjmsr-506	388	4	earnings	earning	NOUN
bjmsr-506	388	5	predictability	predictability	NOUN
bjmsr-506	388	6	on	on	ADP
bjmsr-506	388	7	bank	bank	NOUN
bjmsr-506	388	8	loan	loan	NOUN
bjmsr-506	388	9	contracting	contracting	NOUN
bjmsr-506	388	10	.	.	PUNCT
bjmsr-506	389	1	journal	journal	PROPN
bjmsr-506	389	2	of	of	ADP
bjmsr-506	389	3	business	business	NOUN
bjmsr-506	389	4	finance	finance	NOUN
bjmsr-506	389	5	and	and	CCONJ
bjmsr-506	389	6	accounting	accounting	NOUN
bjmsr-506	389	7	,	,	PUNCT
bjmsr-506	389	8	39(7	39(7	PROPN
bjmsr-506	389	9	-	-	SYM
bjmsr-506	389	10	8)	8)	NUM
bjmsr-506	389	11	,	,	PUNCT
bjmsr-506	389	12	1068	1068	NUM
bjmsr-506	389	13	-	-	SYM
bjmsr-506	389	14	1101	1101	NUM
bjmsr-506	389	15	.	.	PUNCT
bjmsr-506	390	1	holt	holt	PROPN
bjmsr-506	390	2	,	,	PUNCT
bjmsr-506	390	3	p.	p.	NOUN
bjmsr-506	390	4	(	(	PUNCT
bjmsr-506	390	5	2013	2013	NUM
bjmsr-506	390	6	)	)	PUNCT
bjmsr-506	390	7	.	.	PUNCT
bjmsr-506	391	1	earnings	earning	NOUN
bjmsr-506	391	2	quality	quality	NOUN
bjmsr-506	391	3	as	as	SCONJ
bjmsr-506	391	4	measured	measure	VERB
bjmsr-506	391	5	by	by	ADP
bjmsr-506	391	6	predictability	predictability	NOUN
bjmsr-506	391	7	of	of	ADP
bjmsr-506	391	8	reported	report	VERB
bjmsr-506	391	9	earnings	earning	NOUN
bjmsr-506	391	10	.	.	PUNCT
bjmsr-506	392	1	advances	advance	NOUN
bjmsr-506	392	2	in	in	ADP
bjmsr-506	392	3	business	business	NOUN
bjmsr-506	392	4	research	research	NOUN
bjmsr-506	392	5	,	,	PUNCT
bjmsr-506	392	6	4(1	4(1	NOUN
bjmsr-506	392	7	)	)	PUNCT
bjmsr-506	392	8	,	,	PUNCT
bjmsr-506	392	9	4953	4953	NUM
bjmsr-506	392	10	.	.	PUNCT
bjmsr-506	393	1	international	international	ADJ
bjmsr-506	393	2	accounting	accounting	PROPN
bjmsr-506	393	3	standard	standard	PROPN
bjmsr-506	393	4	board	board	PROPN
bjmsr-506	393	5	(	(	PUNCT
bjmsr-506	393	6	iasb	iasb	PROPN
bjmsr-506	393	7	,	,	PUNCT
bjmsr-506	393	8	2010	2010	NUM
bjmsr-506	393	9	)	)	PUNCT
bjmsr-506	393	10	.	.	PUNCT
bjmsr-506	394	1	conceptual	conceptual	ADJ
bjmsr-506	394	2	framework	framework	NOUN
bjmsr-506	394	3	for	for	ADP
bjmsr-506	394	4	financial	financial	ADJ
bjmsr-506	394	5	reporting	reporting	NOUN
bjmsr-506	394	6	.	.	PUNCT
bjmsr-506	395	1	retrieved	retrieve	VERB
bjmsr-506	395	2	from	from	ADP
bjmsr-506	395	3	http://www.ifrs.org/news/press-releases/documents/conceptualfw2010vb.pdf	http://www.ifrs.org/news/press-releases/documents/conceptualfw2010vb.pdf	NOUN
bjmsr-506	395	4	.	.	PUNCT
bjmsr-506	396	1	li	li	PROPN
bjmsr-506	396	2	,	,	PUNCT
bjmsr-506	396	3	f.	f.	PROPN
bjmsr-506	396	4	,	,	PUNCT
bjmsr-506	396	5	abeysekera	abeysekera	NOUN
bjmsr-506	396	6	,	,	PUNCT
bjmsr-506	396	7	i.	i.	PROPN
bjmsr-506	396	8	,	,	PUNCT
bjmsr-506	396	9	&	&	CCONJ
bjmsr-506	396	10	ma	ma	PROPN
bjmsr-506	396	11	,	,	PUNCT
bjmsr-506	396	12	s.	s.	PROPN
bjmsr-506	396	13	(	(	PUNCT
bjmsr-506	396	14	2014	2014	NUM
bjmsr-506	396	15	)	)	PUNCT
bjmsr-506	396	16	.	.	PUNCT
bjmsr-506	397	1	the	the	DET
bjmsr-506	397	2	effect	effect	NOUN
bjmsr-506	397	3	of	of	ADP
bjmsr-506	397	4	financial	financial	ADJ
bjmsr-506	397	5	status	status	NOUN
bjmsr-506	397	6	on	on	ADP
bjmsr-506	397	7	earnings	earning	NOUN
bjmsr-506	397	8	quality	quality	NOUN
bjmsr-506	397	9	of	of	ADP
bjmsr-506	397	10	chinese	chinese	ADJ
bjmsr-506	397	11	-	-	PUNCT
bjmsr-506	397	12	listed	list	VERB
bjmsr-506	397	13	firms	firm	NOUN
bjmsr-506	397	14	.	.	PUNCT
bjmsr-506	398	1	journal	journal	PROPN
bjmsr-506	398	2	of	of	ADP
bjmsr-506	398	3	asia	asia	PROPN
bjmsr-506	398	4	-	-	PUNCT
bjmsr-506	398	5	pacific	pacific	PROPN
bjmsr-506	398	6	business	business	NOUN
bjmsr-506	398	7	,	,	PUNCT
bjmsr-506	398	8	15(1	15(1	NUM
bjmsr-506	398	9	)	)	PUNCT
bjmsr-506	398	10	,	,	PUNCT
bjmsr-506	398	11	4	4	NUM
bjmsr-506	398	12	-	-	SYM
bjmsr-506	398	13	26	26	NUM
bjmsr-506	398	14	.	.	PUNCT
bjmsr-506	399	1	lipe	lipe	PROPN
bjmsr-506	399	2	,	,	PUNCT
bjmsr-506	399	3	r.	r.	PROPN
bjmsr-506	399	4	(	(	PUNCT
bjmsr-506	399	5	1990	1990	NUM
bjmsr-506	399	6	)	)	PUNCT
bjmsr-506	399	7	.	.	PUNCT
bjmsr-506	400	1	the	the	DET
bjmsr-506	400	2	relation	relation	NOUN
bjmsr-506	400	3	between	between	ADP
bjmsr-506	400	4	stock	stock	NOUN
bjmsr-506	400	5	return	return	NOUN
bjmsr-506	400	6	and	and	CCONJ
bjmsr-506	400	7	accounting	accounting	NOUN
bjmsr-506	400	8	earnings	earning	NOUN
bjmsr-506	400	9	given	give	VERB
bjmsr-506	400	10	alternative	alternative	ADJ
bjmsr-506	400	11	information	information	NOUN
bjmsr-506	400	12	.	.	PUNCT
bjmsr-506	401	1	accounting	accounting	NOUN
bjmsr-506	401	2	review	review	PROPN
bjmsr-506	401	3	,	,	PUNCT
bjmsr-506	401	4	65(1	65(1	NOUN
bjmsr-506	401	5	)	)	PUNCT
bjmsr-506	401	6	,	,	PUNCT
bjmsr-506	401	7	49	49	NUM
bjmsr-506	401	8	-	-	SYM
bjmsr-506	401	9	71	71	NUM
bjmsr-506	401	10	.	.	PUNCT
bjmsr-506	402	1	luttman	luttman	PROPN
bjmsr-506	402	2	,	,	PUNCT
bjmsr-506	402	3	s.	s.	PROPN
bjmsr-506	402	4	m.	m.	PROPN
bjmsr-506	402	5	&	&	CCONJ
bjmsr-506	402	6	silhan	silhan	PROPN
bjmsr-506	402	7	,	,	PUNCT
bjmsr-506	402	8	p.	p.	NOUN
bjmsr-506	402	9	a.	a.	NOUN
bjmsr-506	403	1	(	(	PUNCT
bjmsr-506	403	2	2011	2011	NUM
bjmsr-506	403	3	)	)	PUNCT
bjmsr-506	403	4	.	.	PUNCT
bjmsr-506	404	1	an	an	DET
bjmsr-506	404	2	empirical	empirical	ADJ
bjmsr-506	404	3	analysis	analysis	NOUN
bjmsr-506	404	4	of	of	ADP
bjmsr-506	404	5	the	the	DET
bjmsr-506	404	6	value	value	NOUN
bjmsr-506	404	7	line	line	NOUN
bjmsr-506	404	8	earnings	earning	NOUN
bjmsr-506	404	9	predictability	predictability	NOUN
bjmsr-506	404	10	index	index	NOUN
bjmsr-506	404	11	.	.	PUNCT
bjmsr-506	405	1	journal	journal	PROPN
bjmsr-506	405	2	of	of	ADP
bjmsr-506	405	3	applied	apply	VERB
bjmsr-506	405	4	business	business	NOUN
bjmsr-506	405	5	research	research	NOUN
bjmsr-506	405	6	,	,	PUNCT
bjmsr-506	405	7	9(4	9(4	NUM
bjmsr-506	405	8	)	)	PUNCT
bjmsr-506	405	9	,	,	PUNCT
bjmsr-506	405	10	104	104	NUM
bjmsr-506	405	11	-	-	SYM
bjmsr-506	405	12	109	109	NUM
bjmsr-506	405	13	.	.	PUNCT
bjmsr-506	406	1	luttman	luttman	PROPN
bjmsr-506	406	2	,	,	PUNCT
bjmsr-506	406	3	s.	s.	PROPN
bjmsr-506	406	4	m.	m.	PROPN
bjmsr-506	406	5	&	&	CCONJ
bjmsr-506	406	6	silhan	silhan	PROPN
bjmsr-506	406	7	,	,	PUNCT
bjmsr-506	406	8	p.	p.	NOUN
bjmsr-506	406	9	a.	a.	NOUN
bjmsr-506	407	1	(	(	PUNCT
bjmsr-506	407	2	2017	2017	NUM
bjmsr-506	407	3	)	)	PUNCT
bjmsr-506	407	4	.	.	PUNCT
bjmsr-506	408	1	determinants	determinant	NOUN
bjmsr-506	408	2	of	of	ADP
bjmsr-506	408	3	earnings	earning	NOUN
bjmsr-506	408	4	variability	variability	NOUN
bjmsr-506	408	5	.	.	PUNCT
bjmsr-506	409	1	journal	journal	NOUN
bjmsr-506	409	2	of	of	ADP
bjmsr-506	409	3	applied	apply	VERB
bjmsr-506	409	4	business	business	NOUN
bjmsr-506	409	5	research	research	NOUN
bjmsr-506	409	6	,	,	PUNCT
bjmsr-506	409	7	11(1	11(1	NUM
bjmsr-506	409	8	)	)	PUNCT
bjmsr-506	409	9	,	,	PUNCT
bjmsr-506	409	10	117124	117124	NUM
bjmsr-506	409	11	.	.	PUNCT
bjmsr-506	410	1	nigerian	nigerian	ADJ
bjmsr-506	410	2	stock	stock	PROPN
bjmsr-506	410	3	exchange	exchange	PROPN
bjmsr-506	410	4	rule	rule	NOUN
bjmsr-506	410	5	book	book	NOUN
bjmsr-506	410	6	(	(	PUNCT
bjmsr-506	410	7	2015	2015	NUM
bjmsr-506	410	8	)	)	PUNCT
bjmsr-506	410	9	nilsson	nilsson	PROPN
bjmsr-506	410	10	,	,	PUNCT
bjmsr-506	410	11	h.	h.	PROPN
bjmsr-506	410	12	(	(	PUNCT
bjmsr-506	410	13	2003	2003	NUM
bjmsr-506	410	14	)	)	PUNCT
bjmsr-506	410	15	.	.	PUNCT
bjmsr-506	411	1	essays	essay	NOUN
bjmsr-506	411	2	on	on	ADP
bjmsr-506	411	3	the	the	DET
bjmsr-506	411	4	value	value	NOUN
bjmsr-506	411	5	relevance	relevance	NOUN
bjmsr-506	411	6	of	of	ADP
bjmsr-506	411	7	financial	financial	ADJ
bjmsr-506	411	8	statement	statement	NOUN
bjmsr-506	411	9	information	information	NOUN
bjmsr-506	411	10	.	.	PUNCT
bjmsr-506	412	1	retrieved	retrieve	VERB
bjmsr-506	412	2	from	from	ADP
bjmsr-506	412	3	http://www.divaportal.org/smash/get/diva2:142541/fulltext01.pdf	http://www.divaportal.org/smash/get/diva2:142541/fulltext01.pdf	PROPN
bjmsr-506	412	4	ogege	ogege	PROPN
bjmsr-506	412	5	,	,	PUNCT
bjmsr-506	412	6	s.	s.	PROPN
bjmsr-506	412	7	,	,	PUNCT
bjmsr-506	412	8	&	&	CCONJ
bjmsr-506	412	9	mojekwu	mojekwu	PROPN
bjmsr-506	412	10	,	,	PUNCT
bjmsr-506	412	11	j.	j.	PROPN
bjmsr-506	412	12	n.	n.	PROPN
bjmsr-506	412	13	(	(	PUNCT
bjmsr-506	412	14	2013	2013	NUM
bjmsr-506	412	15	)	)	PUNCT
bjmsr-506	412	16	.	.	PUNCT
bjmsr-506	413	1	econometric	econometric	ADJ
bjmsr-506	413	2	investigation	investigation	NOUN
bjmsr-506	413	3	of	of	ADP
bjmsr-506	413	4	the	the	DET
bjmsr-506	413	5	random	random	ADJ
bjmsr-506	413	6	walk	walk	NOUN
bjmsr-506	413	7	hypothesis	hypothesis	NOUN
bjmsr-506	413	8	in	in	ADP
bjmsr-506	413	9	the	the	DET
bjmsr-506	413	10	nigerian	nigerian	ADJ
bjmsr-506	413	11	stock	stock	NOUN
bjmsr-506	413	12	market	market	NOUN
bjmsr-506	413	13	.	.	PUNCT
bjmsr-506	414	1	journal	journal	NOUN
bjmsr-506	414	2	of	of	ADP
bjmsr-506	414	3	emerging	emerge	VERB
bjmsr-506	414	4	issues	issue	NOUN
bjmsr-506	414	5	in	in	ADP
bjmsr-506	414	6	economics	economic	NOUN
bjmsr-506	414	7	,	,	PUNCT
bjmsr-506	414	8	1(5	1(5	NUM
bjmsr-506	414	9	)	)	PUNCT
bjmsr-506	414	10	,	,	PUNCT
bjmsr-506	414	11	381	381	NUM
bjmsr-506	414	12	-	-	SYM
bjmsr-506	414	13	400	400	NUM
bjmsr-506	414	14	.	.	PUNCT
bjmsr-506	415	1	ohlson	ohlson	PROPN
bjmsr-506	415	2	,	,	PUNCT
bjmsr-506	415	3	j.	j.	PROPN
bjmsr-506	415	4	(	(	PUNCT
bjmsr-506	415	5	1995	1995	NUM
bjmsr-506	415	6	)	)	PUNCT
bjmsr-506	415	7	.	.	PUNCT
bjmsr-506	416	1	earnings	earning	NOUN
bjmsr-506	416	2	,	,	PUNCT
bjmsr-506	416	3	book	book	NOUN
bjmsr-506	416	4	values	value	NOUN
bjmsr-506	416	5	,	,	PUNCT
bjmsr-506	416	6	and	and	CCONJ
bjmsr-506	416	7	dividends	dividend	NOUN
bjmsr-506	416	8	in	in	ADP
bjmsr-506	416	9	equity	equity	NOUN
bjmsr-506	416	10	valuation	valuation	NOUN
bjmsr-506	416	11	.	.	PUNCT
bjmsr-506	417	1	contemporary	contemporary	ADJ
bjmsr-506	417	2	accounting	accounting	PROPN
bjmsr-506	417	3	research	research	PROPN
bjmsr-506	417	4	,	,	PUNCT
bjmsr-506	417	5	11(2	11(2	NOUN
bjmsr-506	417	6	)	)	PUNCT
bjmsr-506	417	7	,	,	PUNCT
bjmsr-506	417	8	661687	661687	NUM
bjmsr-506	417	9	.	.	PUNCT
bjmsr-506	418	1	oludoyi	oludoyi	PROPN
bjmsr-506	418	2	,	,	PUNCT
bjmsr-506	418	3	s.	s.	PROPN
bjmsr-506	418	4	b.	b.	PROPN
bjmsr-506	418	5	(	(	PUNCT
bjmsr-506	418	6	1999	1999	NUM
bjmsr-506	418	7	)	)	PUNCT
bjmsr-506	418	8	.	.	PUNCT
bjmsr-506	419	1	understanding	understand	VERB
bjmsr-506	419	2	risk	risk	NOUN
bjmsr-506	419	3	in	in	ADP
bjmsr-506	419	4	a	a	DET
bjmsr-506	419	5	regulated	regulated	ADJ
bjmsr-506	419	6	market	market	NOUN
bjmsr-506	419	7	:	:	PUNCT
bjmsr-506	419	8	evidence	evidence	NOUN
bjmsr-506	419	9	from	from	ADP
bjmsr-506	419	10	the	the	DET
bjmsr-506	419	11	nigerian	nigerian	ADJ
bjmsr-506	419	12	stock	stock	NOUN
bjmsr-506	419	13	markets	market	NOUN
bjmsr-506	419	14	.	.	PUNCT
bjmsr-506	420	1	african	african	ADJ
bjmsr-506	420	2	journal	journal	PROPN
bjmsr-506	420	3	of	of	ADP
bjmsr-506	420	4	economic	economic	ADJ
bjmsr-506	420	5	policy	policy	NOUN
bjmsr-506	420	6	,	,	PUNCT
bjmsr-506	420	7	6(2	6(2	NUM
bjmsr-506	420	8	)	)	PUNCT
bjmsr-506	420	9	,	,	PUNCT
bjmsr-506	420	10	59	59	NUM
bjmsr-506	420	11	-	-	SYM
bjmsr-506	420	12	76	76	NUM
bjmsr-506	420	13	.	.	PUNCT
bjmsr-506	421	1	park	park	PROPN
bjmsr-506	421	2	,	,	PUNCT
bjmsr-506	421	3	s.	s.	PROPN
bjmsr-506	421	4	&	&	CCONJ
bjmsr-506	421	5	shin	shin	PROPN
bjmsr-506	421	6	,	,	PUNCT
bjmsr-506	421	7	h.(2015	h.(2015	PROPN
bjmsr-506	421	8	)	)	PUNCT
bjmsr-506	421	9	.	.	PUNCT
bjmsr-506	422	1	earnings	earning	NOUN
bjmsr-506	422	2	persistence	persistence	NOUN
bjmsr-506	422	3	over	over	ADP
bjmsr-506	422	4	the	the	DET
bjmsr-506	422	5	macroeconomic	macroeconomic	ADJ
bjmsr-506	422	6	cycle	cycle	NOUN
bjmsr-506	422	7	:	:	PUNCT
bjmsr-506	422	8	evidence	evidence	NOUN
bjmsr-506	422	9	from	from	ADP
bjmsr-506	422	10	korea	korea	PROPN
bjmsr-506	422	11	.	.	PUNCT
bjmsr-506	423	1	the	the	DET
bjmsr-506	423	2	journal	journal	NOUN
bjmsr-506	423	3	of	of	ADP
bjmsr-506	423	4	applied	apply	VERB
bjmsr-506	423	5	business	business	NOUN
bjmsr-506	423	6	research	research	NOUN
bjmsr-506	423	7	,	,	PUNCT
bjmsr-506	423	8	31(6	31(6	NUM
bjmsr-506	423	9	)	)	PUNCT
bjmsr-506	423	10	,	,	PUNCT
bjmsr-506	423	11	2147	2147	NUM
bjmsr-506	423	12	-	-	SYM
bjmsr-506	423	13	2166	2166	NUM
bjmsr-506	423	14	.	.	PUNCT
bjmsr-506	424	1	petrovic	petrovic	PROPN
bjmsr-506	424	2	,	,	PUNCT
bjmsr-506	424	3	n.	n.	PROPN
bjmsr-506	424	4	,	,	PUNCT
bjmsr-506	424	5	manson	manson	PROPN
bjmsr-506	424	6	,	,	PUNCT
bjmsr-506	424	7	s.	s.	PROPN
bjmsr-506	424	8	,	,	PUNCT
bjmsr-506	424	9	&	&	CCONJ
bjmsr-506	424	10	coakley	coakley	PROPN
bjmsr-506	424	11	,	,	PUNCT
bjmsr-506	424	12	j.	j.	PROPN
bjmsr-506	424	13	(	(	PUNCT
bjmsr-506	424	14	2009	2009	NUM
bjmsr-506	424	15	)	)	PUNCT
bjmsr-506	424	16	.	.	PUNCT
bjmsr-506	425	1	does	do	AUX
bjmsr-506	425	2	volatility	volatility	NOUN
bjmsr-506	425	3	improve	improve	VERB
bjmsr-506	425	4	uk	uk	PROPN
bjmsr-506	425	5	earnings	earning	NOUN
bjmsr-506	425	6	forecasts	forecast	NOUN
bjmsr-506	425	7	?	?	PUNCT
bjmsr-506	426	1	journal	journal	NOUN
bjmsr-506	426	2	of	of	ADP
bjmsr-506	426	3	business	business	NOUN
bjmsr-506	426	4	finance	finance	NOUN
bjmsr-506	426	5	and	and	CCONJ
bjmsr-506	426	6	accounting	accounting	NOUN
bjmsr-506	426	7	,	,	PUNCT
bjmsr-506	426	8	36(9	36(9	NUM
bjmsr-506	426	9	-	-	SYM
bjmsr-506	426	10	10	10	NUM
bjmsr-506	426	11	)	)	PUNCT
bjmsr-506	426	12	,	,	PUNCT
bjmsr-506	426	13	1148	1148	NUM
bjmsr-506	426	14	-	-	SYM
bjmsr-506	426	15	1179	1179	NUM
bjmsr-506	426	16	.	.	PUNCT
bjmsr-506	427	1	richardson	richardson	PROPN
bjmsr-506	427	2	,	,	PUNCT
bjmsr-506	427	3	s.	s.	PROPN
bjmsr-506	427	4	a.	a.	PROPN
bjmsr-506	427	5	,	,	PUNCT
bjmsr-506	427	6	sloan	sloan	PROPN
bjmsr-506	427	7	,	,	PUNCT
bjmsr-506	427	8	r.	r.	PROPN
bjmsr-506	427	9	g.	g.	PROPN
bjmsr-506	427	10	,	,	PUNCT
bjmsr-506	427	11	soliman	soliman	NOUN
bjmsr-506	427	12	,	,	PUNCT
bjmsr-506	427	13	m.	m.	NOUN
bjmsr-506	427	14	t.	t.	PROPN
bjmsr-506	427	15	,	,	PUNCT
bjmsr-506	427	16	&	&	CCONJ
bjmsr-506	427	17	tuna	tuna	PROPN
bjmsr-506	427	18	,	,	PUNCT
bjmsr-506	427	19	i.	i.	NOUN
bjmsr-506	427	20	(	(	PUNCT
bjmsr-506	427	21	2005	2005	NUM
bjmsr-506	427	22	)	)	PUNCT
bjmsr-506	427	23	.	.	PUNCT
bjmsr-506	428	1	accrual	accrual	ADJ
bjmsr-506	428	2	reliability	reliability	NOUN
bjmsr-506	428	3	,	,	PUNCT
bjmsr-506	428	4	earnings	earning	NOUN
bjmsr-506	428	5	persistence	persistence	NOUN
bjmsr-506	428	6	and	and	CCONJ
bjmsr-506	428	7	stock	stock	NOUN
bjmsr-506	428	8	prices	price	NOUN
bjmsr-506	428	9	.	.	PUNCT
bjmsr-506	429	1	journal	journal	NOUN
bjmsr-506	429	2	of	of	ADP
bjmsr-506	429	3	accounting	accounting	NOUN
bjmsr-506	429	4	and	and	CCONJ
bjmsr-506	429	5	economics	economic	NOUN
bjmsr-506	429	6	,	,	PUNCT
bjmsr-506	429	7	39	39	NUM
bjmsr-506	429	8	,	,	PUNCT
bjmsr-506	429	9	437	437	NUM
bjmsr-506	429	10	-	-	SYM
bjmsr-506	429	11	485	485	NUM
bjmsr-506	429	12	.	.	PUNCT
bjmsr-506	430	1	roggi	roggi	PROPN
bjmsr-506	430	2	,	,	PUNCT
bjmsr-506	430	3	o.	o.	INTJ
bjmsr-506	430	4	,	,	PUNCT
bjmsr-506	430	5	giannozzi	giannozzi	NOUN
bjmsr-506	430	6	,	,	PUNCT
bjmsr-506	430	7	a.	a.	NOUN
bjmsr-506	430	8	,	,	PUNCT
bjmsr-506	430	9	&	&	CCONJ
bjmsr-506	430	10	baglioni	baglioni	PROPN
bjmsr-506	430	11	,	,	PUNCT
bjmsr-506	430	12	t.	t.	PROPN
bjmsr-506	430	13	(	(	PUNCT
bjmsr-506	430	14	2016	2016	NUM
bjmsr-506	430	15	)	)	PUNCT
bjmsr-506	430	16	.	.	PUNCT
bjmsr-506	431	1	firm	firm	ADJ
bjmsr-506	431	2	valuation	valuation	NOUN
bjmsr-506	431	3	in	in	ADP
bjmsr-506	431	4	emerging	emerge	VERB
bjmsr-506	431	5	markets	market	NOUN
bjmsr-506	431	6	and	and	CCONJ
bjmsr-506	431	7	the	the	DET
bjmsr-506	431	8	exposure	exposure	NOUN
bjmsr-506	431	9	to	to	ADP
bjmsr-506	431	10	country	country	NOUN
bjmsr-506	431	11	risk	risk	NOUN
bjmsr-506	431	12	.	.	PUNCT
bjmsr-506	432	1	global	global	ADJ
bjmsr-506	432	2	journal	journal	PROPN
bjmsr-506	432	3	of	of	ADP
bjmsr-506	432	4	management	management	NOUN
bjmsr-506	432	5	and	and	CCONJ
bjmsr-506	432	6	business	business	NOUN
bjmsr-506	432	7	risk	risk	NOUN
bjmsr-506	432	8	,	,	PUNCT
bjmsr-506	432	9	16(1	16(1	NUM
bjmsr-506	432	10	)	)	PUNCT
bjmsr-506	432	11	,	,	PUNCT
bjmsr-506	432	12	1	1	NUM
bjmsr-506	432	13	-	-	SYM
bjmsr-506	432	14	20	20	NUM
bjmsr-506	432	15	.	.	PUNCT
bjmsr-506	433	1	uwuigbe	uwuigbe	NOUN
bjmsr-506	433	2	,	,	PUNCT
bjmsr-506	433	3	u.	u.	PROPN
bjmsr-506	433	4	uyoyoghene	uyoyoghene	PROPN
bjmsr-506	433	5	,	,	PUNCT
bjmsr-506	433	6	a.	a.	PROPN
bjmsr-506	433	7	l.	l.	PROPN
bjmsr-506	433	8	,	,	PUNCT
bjmsr-506	433	9	jafaru	jafaru	PROPN
bjmsr-506	433	10	,	,	PUNCT
bjmsr-506	433	11	j.	j.	PROPN
bjmsr-506	433	12	,	,	PUNCT
bjmsr-506	433	13	uwuigbe	uwuigbe	NOUN
bjmsr-506	433	14	,	,	PUNCT
bjmsr-506	433	15	,	,	PUNCT
bjmsr-506	433	16	o.r	o.r	PROPN
bjmsr-506	433	17	.	.	PROPN
bjmsr-506	433	18	&	&	CCONJ
bjmsr-506	433	19	jimoh	jimoh	PROPN
bjmsr-506	433	20	,	,	PUNCT
bjmsr-506	433	21	r.	r.	PROPN
bjmsr-506	433	22	(	(	PUNCT
bjmsr-506	433	23	2017	2017	NUM
bjmsr-506	433	24	)	)	PUNCT
bjmsr-506	433	25	.	.	PUNCT
bjmsr-506	434	1	ifrs	ifrs	PROPN
bjmsr-506	434	2	adoption	adoption	NOUN
bjmsr-506	434	3	and	and	CCONJ
bjmsr-506	434	4	earnings	earning	NOUN
bjmsr-506	434	5	predictability	predictability	NOUN
bjmsr-506	434	6	:	:	PUNCT
bjmsr-506	434	7	evidence	evidence	NOUN
bjmsr-506	434	8	from	from	ADP
bjmsr-506	434	9	listed	list	VERB
bjmsr-506	434	10	banks	bank	NOUN
bjmsr-506	434	11	in	in	ADP
bjmsr-506	434	12	nigeria	nigeria	PROPN
bjmsr-506	434	13	.	.	PUNCT
bjmsr-506	435	1	bank	bank	PROPN
bjmsr-506	435	2	and	and	CCONJ
bjmsr-506	435	3	bank	bank	NOUN
bjmsr-506	435	4	systems	system	NOUN
bjmsr-506	435	5	,	,	PUNCT
bjmsr-506	435	6	12(1	12(1	NUM
bjmsr-506	435	7	)	)	PUNCT
bjmsr-506	435	8	,	,	PUNCT
bjmsr-506	435	9	166	166	NUM
bjmsr-506	435	10	-	-	SYM
bjmsr-506	435	11	174	174	NUM
bjmsr-506	435	12	.	.	PUNCT
bjmsr-506	436	1	watts	watts	PROPN
bjmsr-506	436	2	,	,	PUNCT
bjmsr-506	436	3	r.	r.	PROPN
bjmsr-506	436	4	l.	l.	PROPN
bjmsr-506	436	5	&	&	CCONJ
bjmsr-506	436	6	leftwich	leftwich	PROPN
bjmsr-506	436	7	,	,	PUNCT
bjmsr-506	436	8	r.	r.	PROPN
bjmsr-506	436	9	w.	w.	PROPN
bjmsr-506	436	10	(	(	PUNCT
bjmsr-506	436	11	1977	1977	NUM
bjmsr-506	436	12	)	)	PUNCT
bjmsr-506	436	13	.	.	PUNCT
bjmsr-506	437	1	the	the	DET
bjmsr-506	437	2	time	time	NOUN
bjmsr-506	437	3	series	series	NOUN
bjmsr-506	437	4	of	of	ADP
bjmsr-506	437	5	annual	annual	ADJ
bjmsr-506	437	6	accounting	accounting	NOUN
bjmsr-506	437	7	earnings	earning	NOUN
bjmsr-506	437	8	.	.	PUNCT
bjmsr-506	438	1	journal	journal	NOUN
bjmsr-506	438	2	of	of	ADP
bjmsr-506	438	3	accounting	accounting	NOUN
bjmsr-506	438	4	research	research	NOUN
bjmsr-506	438	5	,	,	PUNCT
bjmsr-506	438	6	15(2	15(2	NUM
bjmsr-506	438	7	)	)	PUNCT
bjmsr-506	438	8	,	,	PUNCT
bjmsr-506	438	9	253	253	NUM
bjmsr-506	438	10	-	-	SYM
bjmsr-506	438	11	271	271	NUM
bjmsr-506	438	12	.	.	PUNCT
bjmsr-506	439	1	yosra	yosra	PROPN
bjmsr-506	439	2	,	,	PUNCT
bjmsr-506	439	3	b.	b.	PROPN
bjmsr-506	439	4	m.	m.	PROPN
bjmsr-506	439	5	&	&	CCONJ
bjmsr-506	439	6	fawzi	fawzi	PROPN
bjmsr-506	439	7	,	,	PUNCT
bjmsr-506	439	8	j.	j.	PROPN
bjmsr-506	439	9	(	(	PUNCT
bjmsr-506	439	10	2015	2015	NUM
bjmsr-506	439	11	)	)	PUNCT
bjmsr-506	439	12	.	.	PUNCT
bjmsr-506	440	1	earnings	earning	NOUN
bjmsr-506	440	2	volatility	volatility	NOUN
bjmsr-506	440	3	and	and	CCONJ
bjmsr-506	440	4	earnings	earning	NOUN
bjmsr-506	440	5	predictability	predictability	NOUN
bjmsr-506	440	6	.	.	PUNCT
bjmsr-506	441	1	journal	journal	PROPN
bjmsr-506	441	2	of	of	ADP
bjmsr-506	441	3	business	business	NOUN
bjmsr-506	441	4	studies	study	NOUN
bjmsr-506	441	5	quarterly	quarterly	ADV
bjmsr-506	441	6	,	,	PUNCT
bjmsr-506	441	7	6(3	6(3	NUM
bjmsr-506	441	8	)	)	PUNCT
bjmsr-506	441	9	,	,	PUNCT
bjmsr-506	441	10	3753	3753	NUM
bjmsr-506	441	11	.	.	PUNCT
bjmsr-506	442	1	copyrights	copyright	VERB
bjmsr-506	442	2	copyright	copyright	NOUN
bjmsr-506	442	3	for	for	ADP
bjmsr-506	442	4	this	this	DET
bjmsr-506	442	5	article	article	NOUN
bjmsr-506	442	6	is	be	AUX
bjmsr-506	442	7	retained	retain	VERB
bjmsr-506	442	8	by	by	ADP
bjmsr-506	442	9	the	the	DET
bjmsr-506	442	10	author(s	author(s	PROPN
bjmsr-506	442	11	)	)	PUNCT
bjmsr-506	442	12	,	,	PUNCT
bjmsr-506	442	13	with	with	ADP
bjmsr-506	442	14	first	first	ADJ
bjmsr-506	442	15	publication	publication	NOUN
bjmsr-506	442	16	rights	right	NOUN
bjmsr-506	442	17	granted	grant	VERB
bjmsr-506	442	18	to	to	ADP
bjmsr-506	442	19	the	the	DET
bjmsr-506	442	20	journal	journal	NOUN
bjmsr-506	442	21	.	.	PUNCT
bjmsr-506	443	1	this	this	PRON
bjmsr-506	443	2	is	be	AUX
bjmsr-506	443	3	an	an	DET
bjmsr-506	443	4	open	open	ADJ
bjmsr-506	443	5	-	-	PUNCT
bjmsr-506	443	6	access	access	NOUN
bjmsr-506	443	7	article	article	NOUN
bjmsr-506	443	8	distributed	distribute	VERB
bjmsr-506	443	9	under	under	ADP
bjmsr-506	443	10	the	the	DET
bjmsr-506	443	11	terms	term	NOUN
bjmsr-506	443	12	and	and	CCONJ
bjmsr-506	443	13	conditions	condition	NOUN
bjmsr-506	443	14	of	of	ADP
bjmsr-506	443	15	the	the	DET
bjmsr-506	443	16	creative	creative	ADJ
bjmsr-506	443	17	commons	common	NOUN
bjmsr-506	443	18	attribution	attribution	NOUN
bjmsr-506	443	19	license	license	NOUN
bjmsr-506	443	20	(	(	PUNCT
bjmsr-506	443	21	http://creativecommons.org/licenses/by/4.0/	http://creativecommons.org/licenses/by/4.0/	PROPN
bjmsr-506	443	22	)	)	PUNCT
bjmsr-506	443	23	.	.	PUNCT
bjmsr-506	444	1	http://pubsonline.informs.org/doi/abs/10.1287/mnsc.2016.2465	http://pubsonline.informs.org/doi/abs/10.1287/mnsc.2016.2465	PROPN
bjmsr-506	444	2	https://www.investingdaily.com/20643/valuing-stockusing-a-snapshot-multiple-requires-earnings-predictability-2	https://www.investingdaily.com/20643/valuing-stockusing-a-snapshot-multiple-requires-earnings-predictability-2	PROPN
bjmsr-506	444	3	http://www.ifrs.org/news/press-releases/documents/conceptualfw2010vb.pdf	http://www.ifrs.org/news/press-releases/documents/conceptualfw2010vb.pdf	NOUN