id	sid	tid	token	lemma	pos
cet-15664	1	1	doi	doi	NOUN
cet-15664	1	2	:	:	PUNCT
cet-15664	1	3	10.3303	10.3303	NUM
cet-15664	1	4	/	/	SYM
cet-15664	1	5	cet25120039	cet25120039	NOUN
cet-15664	1	6	paper	paper	NOUN
cet-15664	1	7	received	receive	VERB
cet-15664	1	8	:	:	PUNCT
cet-15664	1	9	01	01	NUM
cet-15664	1	10	july	july	PROPN
cet-15664	1	11	2025	2025	NUM
cet-15664	1	12	;	;	PUNCT
cet-15664	1	13	revised	revise	VERB
cet-15664	1	14	:	:	PUNCT
cet-15664	1	15	3	3	NUM
cet-15664	1	16	september	september	PROPN
cet-15664	1	17	2025	2025	NUM
cet-15664	1	18	;	;	PUNCT
cet-15664	1	19	accepted	accept	VERB
cet-15664	1	20	:	:	PUNCT
cet-15664	1	21	9	9	NUM
cet-15664	1	22	october	october	NOUN
cet-15664	1	23	2025	2025	NUM
cet-15664	1	24	please	please	INTJ
cet-15664	1	25	cite	cite	VERB
cet-15664	1	26	this	this	DET
cet-15664	1	27	article	article	NOUN
cet-15664	1	28	as	as	ADP
cet-15664	1	29	:	:	PUNCT
cet-15664	1	30	zhao	zhao	PROPN
cet-15664	1	31	d.	d.	PROPN
cet-15664	1	32	,	,	PUNCT
cet-15664	1	33	ngan	ngan	PROPN
cet-15664	1	34	s.l	s.l	PROPN
cet-15664	1	35	.	.	PROPN
cet-15664	1	36	,	,	PUNCT
cet-15664	1	37	jamil	jamil	PROPN
cet-15664	1	38	a.h	a.h	PROPN
cet-15664	1	39	.	.	PROPN
cet-15664	1	40	,	,	PUNCT
cet-15664	1	41	how	how	SCONJ
cet-15664	1	42	b.s	b.s	PROPN
cet-15664	1	43	.	.	PROPN
cet-15664	1	44	,	,	PUNCT
cet-15664	1	45	ngan	ngan	PROPN
cet-15664	1	46	s.p	s.p	PROPN
cet-15664	1	47	.	.	PROPN
cet-15664	1	48	,	,	PUNCT
cet-15664	1	49	2025	2025	NUM
cet-15664	1	50	,	,	PUNCT
cet-15664	1	51	maximizing	maximize	VERB
cet-15664	1	52	environmental	environmental	ADJ
cet-15664	1	53	returns	return	NOUN
cet-15664	1	54	under	under	ADP
cet-15664	1	55	capital	capital	NOUN
cet-15664	1	56	constraints	constraint	NOUN
cet-15664	1	57	:	:	PUNCT
cet-15664	1	58	a	a	DET
cet-15664	1	59	sectoral	sectoral	ADJ
cet-15664	1	60	optimization	optimization	NOUN
cet-15664	1	61	model	model	NOUN
cet-15664	1	62	using	use	VERB
cet-15664	1	63	p	p	NOUN
cet-15664	1	64	-	-	PUNCT
cet-15664	1	65	graph	graph	NOUN
cet-15664	1	66	,	,	PUNCT
cet-15664	1	67	chemical	chemical	ADJ
cet-15664	1	68	engineering	engineering	NOUN
cet-15664	1	69	transactions	transaction	NOUN
cet-15664	1	70	,	,	PUNCT
cet-15664	1	71	120	120	NUM
cet-15664	1	72	,	,	PUNCT
cet-15664	1	73	229	229	NUM
cet-15664	1	74	-	-	SYM
cet-15664	1	75	234	234	NUM
cet-15664	1	76	doi:10.3303	doi:10.3303	NOUN
cet-15664	1	77	/	/	SYM
cet-15664	1	78	cet25120039	cet25120039	NOUN
cet-15664	1	79	chemical	chemical	PROPN
cet-15664	1	80	engineering	engineering	NOUN
cet-15664	1	81	transactions	transaction	NOUN
cet-15664	1	82	vol	vol	NOUN
cet-15664	1	83	.	.	PUNCT
cet-15664	1	84	120	120	NUM
cet-15664	1	85	,	,	PUNCT
cet-15664	1	86	2025	2025	NUM
cet-15664	1	87	a	a	DET
cet-15664	1	88	publication	publication	NOUN
cet-15664	1	89	of	of	ADP
cet-15664	1	90	the	the	DET
cet-15664	1	91	italian	italian	ADJ
cet-15664	1	92	association	association	NOUN
cet-15664	1	93	of	of	ADP
cet-15664	1	94	chemical	chemical	PROPN
cet-15664	1	95	engineering	engineering	NOUN
cet-15664	1	96	online	online	ADV
cet-15664	1	97	at	at	ADP
cet-15664	1	98	www.cetjournal.it	www.cetjournal.it	PROPN
cet-15664	1	99	guest	guest	NOUN
cet-15664	1	100	editors	editor	NOUN
cet-15664	1	101	:	:	PUNCT
cet-15664	1	102	bing	bing	NOUN
cet-15664	1	103	shen	shen	NOUN
cet-15664	1	104	how	how	SCONJ
cet-15664	1	105	,	,	PUNCT
cet-15664	1	106	viknesh	viknesh	ADJ
cet-15664	1	107	andiappan	andiappan	NOUN
cet-15664	1	108	,	,	PUNCT
cet-15664	1	109	denny	denny	PROPN
cet-15664	1	110	k.s	k.s	PROPN
cet-15664	1	111	.	.	PROPN
cet-15664	1	112	ng	ng	PROPN
cet-15664	1	113	,	,	PUNCT
cet-15664	1	114	hon	hon	PROPN
cet-15664	1	115	loong	loong	PROPN
cet-15664	1	116	lam	lam	PROPN
cet-15664	1	117	,	,	PUNCT
cet-15664	1	118	petar	petar	PROPN
cet-15664	1	119	s.	s.	PROPN
cet-15664	1	120	varbanov	varbanov	PROPN
cet-15664	1	121	copyright	copyright	NOUN
cet-15664	1	122	©	©	PROPN
cet-15664	1	123	2025	2025	NUM
cet-15664	1	124	,	,	PUNCT
cet-15664	1	125	aidic	aidic	ADJ
cet-15664	1	126	servizi	servizi	PROPN
cet-15664	1	127	s.r.l	s.r.l	NOUN
cet-15664	1	128	.	.	PUNCT
cet-15664	2	1	isbn	isbn	PROPN
cet-15664	2	2	979	979	NUM
cet-15664	2	3	-	-	SYM
cet-15664	2	4	12	12	NUM
cet-15664	2	5	-	-	PUNCT
cet-15664	2	6	81206	81206	NUM
cet-15664	2	7	-	-	PUNCT
cet-15664	2	8	21	21	NUM
cet-15664	2	9	-	-	SYM
cet-15664	2	10	2	2	NUM
cet-15664	2	11	;	;	PUNCT
cet-15664	2	12	issn	issn	PROPN
cet-15664	2	13	2283	2283	NUM
cet-15664	2	14	-	-	SYM
cet-15664	2	15	9216	9216	NUM
cet-15664	2	16	maximizing	maximize	VERB
cet-15664	2	17	environmental	environmental	ADJ
cet-15664	2	18	returns	return	NOUN
cet-15664	2	19	under	under	ADP
cet-15664	2	20	capital	capital	NOUN
cet-15664	2	21	constraints	constraint	NOUN
cet-15664	2	22	:	:	PUNCT
cet-15664	2	23	a	a	DET
cet-15664	2	24	sectoral	sectoral	ADJ
cet-15664	2	25	optimization	optimization	NOUN
cet-15664	2	26	model	model	NOUN
cet-15664	2	27	using	use	VERB
cet-15664	2	28	p	p	NOUN
cet-15664	2	29	-	-	PUNCT
cet-15664	2	30	graph	graph	NOUN
cet-15664	2	31	donghui	donghui	PROPN
cet-15664	2	32	zhaoa	zhaoa	PROPN
cet-15664	2	33	,	,	PUNCT
cet-15664	2	34	sue	sue	VERB
cet-15664	2	35	lin	lin	PROPN
cet-15664	2	36	ngana	ngana	PROPN
cet-15664	2	37	,	,	PUNCT
cet-15664	2	38	*	*	PROPN
cet-15664	2	39	,	,	PUNCT
cet-15664	2	40	ainul	ainul	PROPN
cet-15664	2	41	huda	huda	PROPN
cet-15664	2	42	jamila	jamila	PROPN
cet-15664	2	43	,	,	PUNCT
cet-15664	2	44	bing	bing	NOUN
cet-15664	2	45	shen	shen	PROPN
cet-15664	3	1	howb	howb	PROPN
cet-15664	3	2	,	,	PUNCT
cet-15664	3	3	seok	seok	PROPN
cet-15664	3	4	peng	peng	PROPN
cet-15664	3	5	nganc	nganc	PROPN
cet-15664	3	6	aukm	aukm	PROPN
cet-15664	3	7	-	-	PUNCT
cet-15664	3	8	graduate	graduate	NOUN
cet-15664	3	9	school	school	NOUN
cet-15664	3	10	of	of	ADP
cet-15664	3	11	business	business	NOUN
cet-15664	3	12	,	,	PUNCT
cet-15664	3	13	universiti	universiti	PROPN
cet-15664	3	14	kebangsaan	kebangsaan	PROPN
cet-15664	3	15	malaysia	malaysia	PROPN
cet-15664	3	16	,	,	PUNCT
cet-15664	3	17	43600	43600	NUM
cet-15664	3	18	ukm	ukm	PROPN
cet-15664	3	19	bangi	bangi	PROPN
cet-15664	3	20	,	,	PUNCT
cet-15664	3	21	selangor	selangor	PROPN
cet-15664	3	22	malaysia	malaysia	PROPN
cet-15664	3	23	bfaculty	bfaculty	NOUN
cet-15664	3	24	of	of	ADP
cet-15664	3	25	engineering	engineering	NOUN
cet-15664	3	26	,	,	PUNCT
cet-15664	3	27	computing	computing	NOUN
cet-15664	3	28	and	and	CCONJ
cet-15664	3	29	science	science	NOUN
cet-15664	3	30	,	,	PUNCT
cet-15664	3	31	swinburne	swinburne	ADJ
cet-15664	3	32	university	university	PROPN
cet-15664	3	33	of	of	ADP
cet-15664	3	34	technology	technology	PROPN
cet-15664	3	35	sarawak	sarawak	PROPN
cet-15664	3	36	campus	campus	PROPN
cet-15664	3	37	jalan	jalan	PROPN
cet-15664	3	38	simpang	simpang	PROPN
cet-15664	3	39	tiga	tiga	PROPN
cet-15664	3	40	93350	93350	NUM
cet-15664	3	41	kuching	kuching	PROPN
cet-15664	3	42	,	,	PUNCT
cet-15664	3	43	sarawak	sarawak	NOUN
cet-15664	3	44	,	,	PUNCT
cet-15664	3	45	malaysia	malaysia	PROPN
cet-15664	3	46	cuniversity	cuniversity	NOUN
cet-15664	3	47	of	of	ADP
cet-15664	3	48	nottingham	nottingham	PROPN
cet-15664	3	49	malaysia	malaysia	PROPN
cet-15664	3	50	jalan	jalan	PROPN
cet-15664	3	51	broga	broga	PROPN
cet-15664	3	52	43500	43500	NUM
cet-15664	3	53	semenyih	semenyih	NOUN
cet-15664	3	54	selangor	selangor	PROPN
cet-15664	3	55	darul	darul	PROPN
cet-15664	3	56	ehsan	ehsan	PROPN
cet-15664	3	57	malaysia	malaysia	PROPN
cet-15664	3	58	suelin.ngan@ukm.edu.my	suelin.ngan@ukm.edu.my	PROPN
cet-15664	3	59	green	green	ADJ
cet-15664	3	60	investment	investment	NOUN
cet-15664	3	61	is	be	AUX
cet-15664	3	62	increasingly	increasingly	ADV
cet-15664	3	63	regarded	regard	VERB
cet-15664	3	64	as	as	ADP
cet-15664	3	65	a	a	DET
cet-15664	3	66	critical	critical	ADJ
cet-15664	3	67	driver	driver	NOUN
cet-15664	3	68	of	of	ADP
cet-15664	3	69	corporate	corporate	ADJ
cet-15664	3	70	environmental	environmental	ADJ
cet-15664	3	71	performance	performance	NOUN
cet-15664	3	72	.	.	PUNCT
cet-15664	4	1	yet	yet	ADV
cet-15664	4	2	,	,	PUNCT
cet-15664	4	3	decision	decision	NOUN
cet-15664	4	4	-	-	PUNCT
cet-15664	4	5	makers	maker	NOUN
cet-15664	4	6	face	face	VERB
cet-15664	4	7	a	a	DET
cet-15664	4	8	fundamental	fundamental	ADJ
cet-15664	4	9	challenge	challenge	NOUN
cet-15664	4	10	:	:	PUNCT
cet-15664	4	11	how	how	SCONJ
cet-15664	4	12	to	to	PART
cet-15664	4	13	allocate	allocate	VERB
cet-15664	4	14	limited	limited	ADJ
cet-15664	4	15	green	green	ADJ
cet-15664	4	16	capital	capital	NOUN
cet-15664	4	17	across	across	ADP
cet-15664	4	18	diverse	diverse	ADJ
cet-15664	4	19	industrial	industrial	ADJ
cet-15664	4	20	sectors	sector	NOUN
cet-15664	4	21	to	to	PART
cet-15664	4	22	achieve	achieve	VERB
cet-15664	4	23	the	the	DET
cet-15664	4	24	most	most	ADV
cet-15664	4	25	significant	significant	ADJ
cet-15664	4	26	environmental	environmental	ADJ
cet-15664	4	27	impact	impact	NOUN
cet-15664	4	28	.	.	PUNCT
cet-15664	5	1	existing	exist	VERB
cet-15664	5	2	approaches	approach	NOUN
cet-15664	5	3	often	often	ADV
cet-15664	5	4	lack	lack	VERB
cet-15664	5	5	normative	normative	ADJ
cet-15664	5	6	guidance	guidance	NOUN
cet-15664	5	7	,	,	PUNCT
cet-15664	5	8	providing	provide	VERB
cet-15664	5	9	limited	limited	ADJ
cet-15664	5	10	support	support	NOUN
cet-15664	5	11	for	for	ADP
cet-15664	5	12	strategic	strategic	ADJ
cet-15664	5	13	resource	resource	NOUN
cet-15664	5	14	allocation	allocation	NOUN
cet-15664	5	15	.	.	PUNCT
cet-15664	6	1	this	this	DET
cet-15664	6	2	paper	paper	NOUN
cet-15664	6	3	develops	develop	VERB
cet-15664	6	4	a	a	DET
cet-15664	6	5	sectoral	sectoral	ADJ
cet-15664	6	6	optimization	optimization	NOUN
cet-15664	6	7	framework	framework	NOUN
cet-15664	6	8	using	use	VERB
cet-15664	6	9	the	the	DET
cet-15664	6	10	p‑graph	p‑graph	PROPN
cet-15664	6	11	methodology	methodology	NOUN
cet-15664	6	12	to	to	PART
cet-15664	6	13	guide	guide	VERB
cet-15664	6	14	esg	esg	PROPN
cet-15664	6	15	investment	investment	NOUN
cet-15664	6	16	allocation	allocation	NOUN
cet-15664	6	17	under	under	ADP
cet-15664	6	18	capital	capital	NOUN
cet-15664	6	19	constraints	constraint	NOUN
cet-15664	6	20	prescriptively	prescriptively	ADV
cet-15664	6	21	.	.	PUNCT
cet-15664	7	1	using	use	VERB
cet-15664	7	2	panel	panel	NOUN
cet-15664	7	3	data	datum	NOUN
cet-15664	7	4	from	from	ADP
cet-15664	7	5	chinese	chinese	ADJ
cet-15664	7	6	listed	list	VERB
cet-15664	7	7	firms	firm	NOUN
cet-15664	7	8	from	from	ADP
cet-15664	7	9	2011	2011	NUM
cet-15664	7	10	to	to	ADP
cet-15664	7	11	2023	2023	NUM
cet-15664	7	12	,	,	PUNCT
cet-15664	7	13	this	this	DET
cet-15664	7	14	study	study	NOUN
cet-15664	7	15	empirically	empirically	ADV
cet-15664	7	16	estimates	estimate	VERB
cet-15664	7	17	the	the	DET
cet-15664	7	18	marginal	marginal	ADJ
cet-15664	7	19	environmental	environmental	ADJ
cet-15664	7	20	returns	return	NOUN
cet-15664	7	21	of	of	ADP
cet-15664	7	22	green	green	ADJ
cet-15664	7	23	investment	investment	NOUN
cet-15664	7	24	across	across	ADP
cet-15664	7	25	capital-	capital-	NUM
cet-15664	7	26	,	,	PUNCT
cet-15664	7	27	technology-	technology-	ADJ
cet-15664	7	28	,	,	PUNCT
cet-15664	7	29	and	and	CCONJ
cet-15664	7	30	labor	labor	NOUN
cet-15664	7	31	-	-	PUNCT
cet-15664	7	32	intensive	intensive	ADJ
cet-15664	7	33	sectors	sector	NOUN
cet-15664	7	34	.	.	PUNCT
cet-15664	8	1	these	these	DET
cet-15664	8	2	coefficients	coefficient	NOUN
cet-15664	8	3	are	be	AUX
cet-15664	8	4	embedded	embed	VERB
cet-15664	8	5	into	into	ADP
cet-15664	8	6	a	a	DET
cet-15664	8	7	p‑graph	p‑graph	NOUN
cet-15664	8	8	model	model	NOUN
cet-15664	8	9	to	to	PART
cet-15664	8	10	determine	determine	VERB
cet-15664	8	11	the	the	DET
cet-15664	8	12	optimal	optimal	ADJ
cet-15664	8	13	allocation	allocation	NOUN
cet-15664	8	14	of	of	ADP
cet-15664	8	15	green	green	ADJ
cet-15664	8	16	investment	investment	NOUN
cet-15664	8	17	budgets	budget	NOUN
cet-15664	8	18	.	.	PUNCT
cet-15664	9	1	results	result	NOUN
cet-15664	9	2	show	show	VERB
cet-15664	9	3	that	that	SCONJ
cet-15664	9	4	capitaland	capitaland	NOUN
cet-15664	9	5	technology	technology	NOUN
cet-15664	9	6	-	-	PUNCT
cet-15664	9	7	intensive	intensive	ADJ
cet-15664	9	8	sectors	sector	NOUN
cet-15664	9	9	deliver	deliver	VERB
cet-15664	9	10	significantly	significantly	ADV
cet-15664	9	11	higher	high	ADJ
cet-15664	9	12	environmental	environmental	ADJ
cet-15664	9	13	returns	return	NOUN
cet-15664	9	14	,	,	PUNCT
cet-15664	9	15	whereas	whereas	SCONJ
cet-15664	9	16	labor	labor	NOUN
cet-15664	9	17	-	-	PUNCT
cet-15664	9	18	intensive	intensive	ADJ
cet-15664	9	19	sectors	sector	NOUN
cet-15664	9	20	contribute	contribute	VERB
cet-15664	9	21	little	little	ADJ
cet-15664	9	22	or	or	CCONJ
cet-15664	9	23	even	even	ADV
cet-15664	9	24	negative	negative	ADJ
cet-15664	9	25	returns	return	NOUN
cet-15664	9	26	.	.	PUNCT
cet-15664	10	1	budget	budget	NOUN
cet-15664	10	2	simulations	simulation	NOUN
cet-15664	10	3	reveal	reveal	VERB
cet-15664	10	4	threshold	threshold	NOUN
cet-15664	10	5	effects	effect	NOUN
cet-15664	10	6	in	in	ADP
cet-15664	10	7	investment	investment	NOUN
cet-15664	10	8	efficiency	efficiency	NOUN
cet-15664	10	9	,	,	PUNCT
cet-15664	10	10	underscoring	underscore	VERB
cet-15664	10	11	the	the	DET
cet-15664	10	12	need	need	NOUN
cet-15664	10	13	for	for	ADP
cet-15664	10	14	strategic	strategic	ADJ
cet-15664	10	15	capital	capital	NOUN
cet-15664	10	16	deployment	deployment	NOUN
cet-15664	10	17	.	.	PUNCT
cet-15664	11	1	by	by	ADP
cet-15664	11	2	integrating	integrate	VERB
cet-15664	11	3	econometric	econometric	ADJ
cet-15664	11	4	analysis	analysis	NOUN
cet-15664	11	5	with	with	ADP
cet-15664	11	6	network	network	NOUN
cet-15664	11	7	-	-	PUNCT
cet-15664	11	8	based	base	VERB
cet-15664	11	9	optimization	optimization	NOUN
cet-15664	11	10	,	,	PUNCT
cet-15664	11	11	this	this	DET
cet-15664	11	12	study	study	NOUN
cet-15664	11	13	offers	offer	VERB
cet-15664	11	14	a	a	DET
cet-15664	11	15	prescriptive	prescriptive	ADJ
cet-15664	11	16	decision	decision	NOUN
cet-15664	11	17	-	-	PUNCT
cet-15664	11	18	support	support	NOUN
cet-15664	11	19	tool	tool	NOUN
cet-15664	11	20	for	for	ADP
cet-15664	11	21	esg	esg	PROPN
cet-15664	11	22	-	-	PUNCT
cet-15664	11	23	driven	drive	VERB
cet-15664	11	24	investment	investment	NOUN
cet-15664	11	25	planning	planning	NOUN
cet-15664	11	26	in	in	ADP
cet-15664	11	27	resource	resource	NOUN
cet-15664	11	28	-	-	PUNCT
cet-15664	11	29	constrained	constrain	VERB
cet-15664	11	30	environments	environment	NOUN
cet-15664	11	31	.	.	PUNCT
cet-15664	12	1	1	1	X
cet-15664	12	2	.	.	X
cet-15664	12	3	introduction	introduction	NOUN
cet-15664	12	4	in	in	ADP
cet-15664	12	5	recent	recent	ADJ
cet-15664	12	6	years	year	NOUN
cet-15664	12	7	,	,	PUNCT
cet-15664	12	8	environmental	environmental	ADJ
cet-15664	12	9	,	,	PUNCT
cet-15664	12	10	social	social	ADJ
cet-15664	12	11	,	,	PUNCT
cet-15664	12	12	and	and	CCONJ
cet-15664	12	13	governance	governance	NOUN
cet-15664	12	14	(	(	PUNCT
cet-15664	12	15	esg	esg	PROPN
cet-15664	12	16	)	)	PUNCT
cet-15664	12	17	considerations	consideration	NOUN
cet-15664	12	18	have	have	AUX
cet-15664	12	19	gained	gain	VERB
cet-15664	12	20	traction	traction	NOUN
cet-15664	12	21	in	in	ADP
cet-15664	12	22	both	both	PRON
cet-15664	12	23	financial	financial	ADJ
cet-15664	12	24	markets	market	NOUN
cet-15664	12	25	and	and	CCONJ
cet-15664	12	26	corporate	corporate	ADJ
cet-15664	12	27	strategic	strategic	ADJ
cet-15664	12	28	agendas	agenda	NOUN
cet-15664	12	29	.	.	PUNCT
cet-15664	13	1	institutional	institutional	ADJ
cet-15664	13	2	investors	investor	NOUN
cet-15664	13	3	now	now	ADV
cet-15664	13	4	routinely	routinely	ADV
cet-15664	13	5	integrate	integrate	VERB
cet-15664	13	6	esg	esg	NOUN
cet-15664	13	7	metrics	metric	NOUN
cet-15664	13	8	into	into	ADP
cet-15664	13	9	their	their	PRON
cet-15664	13	10	capital	capital	NOUN
cet-15664	13	11	allocation	allocation	NOUN
cet-15664	13	12	frameworks	framework	NOUN
cet-15664	13	13	,	,	PUNCT
cet-15664	13	14	particularly	particularly	ADV
cet-15664	13	15	as	as	SCONJ
cet-15664	13	16	environmental	environmental	ADJ
cet-15664	13	17	concerns	concern	NOUN
cet-15664	13	18	rise	rise	VERB
cet-15664	13	19	amid	amid	ADP
cet-15664	13	20	global	global	ADJ
cet-15664	13	21	efforts	effort	NOUN
cet-15664	13	22	to	to	PART
cet-15664	13	23	decarbonize	decarbonize	VERB
cet-15664	13	24	(	(	PUNCT
cet-15664	13	25	laokulrach	laokulrach	PROPN
cet-15664	13	26	,	,	PUNCT
cet-15664	13	27	2025	2025	NUM
cet-15664	13	28	)	)	PUNCT
cet-15664	13	29	.	.	PUNCT
cet-15664	14	1	among	among	ADP
cet-15664	14	2	esg	esg	PROPN
cet-15664	14	3	dimensions	dimension	NOUN
cet-15664	14	4	,	,	PUNCT
cet-15664	14	5	the	the	DET
cet-15664	14	6	environmental	environmental	ADJ
cet-15664	14	7	(	(	PUNCT
cet-15664	14	8	e	e	NOUN
cet-15664	14	9	)	)	PUNCT
cet-15664	14	10	pillar	pillar	NOUN
cet-15664	14	11	has	have	AUX
cet-15664	14	12	attracted	attract	VERB
cet-15664	14	13	heightened	heightened	ADJ
cet-15664	14	14	scrutiny	scrutiny	NOUN
cet-15664	14	15	,	,	PUNCT
cet-15664	14	16	especially	especially	ADV
cet-15664	14	17	in	in	ADP
cet-15664	14	18	china	china	PROPN
cet-15664	14	19	,	,	PUNCT
cet-15664	14	20	where	where	SCONJ
cet-15664	14	21	the	the	DET
cet-15664	14	22	national	national	ADJ
cet-15664	14	23	"	"	PUNCT
cet-15664	14	24	dual	dual	ADJ
cet-15664	14	25	carbon	carbon	NOUN
cet-15664	14	26	"	"	PUNCT
cet-15664	14	27	strategy	strategy	NOUN
cet-15664	14	28	,	,	PUNCT
cet-15664	14	29	peaking	peak	VERB
cet-15664	14	30	emissions	emission	NOUN
cet-15664	14	31	by	by	ADP
cet-15664	14	32	2030	2030	NUM
cet-15664	14	33	and	and	CCONJ
cet-15664	14	34	achieving	achieve	VERB
cet-15664	14	35	neutrality	neutrality	NOUN
cet-15664	14	36	by	by	ADP
cet-15664	14	37	2060	2060	NUM
cet-15664	14	38	,	,	PUNCT
cet-15664	14	39	has	have	AUX
cet-15664	14	40	redefined	redefine	VERB
cet-15664	14	41	industrial	industrial	ADJ
cet-15664	14	42	investment	investment	NOUN
cet-15664	14	43	priorities	priority	NOUN
cet-15664	14	44	and	and	CCONJ
cet-15664	14	45	created	create	VERB
cet-15664	14	46	a	a	DET
cet-15664	14	47	unique	unique	ADJ
cet-15664	14	48	policy	policy	NOUN
cet-15664	14	49	-	-	PUNCT
cet-15664	14	50	driven	drive	VERB
cet-15664	14	51	context	context	NOUN
cet-15664	14	52	for	for	ADP
cet-15664	14	53	esg	esg	PROPN
cet-15664	14	54	research	research	PROPN
cet-15664	14	55	(	(	PUNCT
cet-15664	14	56	xue	xue	PROPN
cet-15664	14	57	et	et	PROPN
cet-15664	14	58	al	al	PROPN
cet-15664	14	59	.	.	PROPN
cet-15664	14	60	,	,	PUNCT
cet-15664	14	61	2024	2024	NUM
cet-15664	14	62	)	)	PUNCT
cet-15664	14	63	.	.	PUNCT
cet-15664	15	1	the	the	DET
cet-15664	15	2	chinese	chinese	PROPN
cet-15664	15	3	a‑share	a‑share	PROPN
cet-15664	15	4	market	market	NOUN
cet-15664	15	5	also	also	ADV
cet-15664	15	6	provides	provide	VERB
cet-15664	15	7	high‑quality	high‑quality	NOUN
cet-15664	15	8	disclosure	disclosure	NOUN
cet-15664	15	9	data	datum	NOUN
cet-15664	15	10	and	and	CCONJ
cet-15664	15	11	a	a	DET
cet-15664	15	12	broad	broad	ADJ
cet-15664	15	13	cross‑section	cross‑section	NOUN
cet-15664	15	14	of	of	ADP
cet-15664	15	15	firms	firm	NOUN
cet-15664	15	16	,	,	PUNCT
cet-15664	15	17	making	make	VERB
cet-15664	15	18	it	it	PRON
cet-15664	15	19	a	a	DET
cet-15664	15	20	valuable	valuable	ADJ
cet-15664	15	21	setting	setting	NOUN
cet-15664	15	22	for	for	ADP
cet-15664	15	23	examining	examine	VERB
cet-15664	15	24	capital	capital	NOUN
cet-15664	15	25	allocation	allocation	NOUN
cet-15664	15	26	under	under	ADP
cet-15664	15	27	sustainability	sustainability	NOUN
cet-15664	15	28	transitions	transition	NOUN
cet-15664	15	29	.	.	PUNCT
cet-15664	16	1	green	green	ADJ
cet-15664	16	2	investment	investment	NOUN
cet-15664	16	3	,	,	PUNCT
cet-15664	16	4	broadly	broadly	ADV
cet-15664	16	5	defined	define	VERB
cet-15664	16	6	as	as	ADP
cet-15664	16	7	firm	firm	ADJ
cet-15664	16	8	-	-	PUNCT
cet-15664	16	9	level	level	NOUN
cet-15664	16	10	capital	capital	NOUN
cet-15664	16	11	expenditures	expenditure	NOUN
cet-15664	16	12	aimed	aim	VERB
cet-15664	16	13	at	at	ADP
cet-15664	16	14	reducing	reduce	VERB
cet-15664	16	15	environmental	environmental	ADJ
cet-15664	16	16	externalities	externality	NOUN
cet-15664	16	17	,	,	PUNCT
cet-15664	16	18	is	be	AUX
cet-15664	16	19	increasingly	increasingly	ADV
cet-15664	16	20	positioned	position	VERB
cet-15664	16	21	as	as	ADP
cet-15664	16	22	a	a	DET
cet-15664	16	23	core	core	NOUN
cet-15664	16	24	mechanism	mechanism	NOUN
cet-15664	16	25	for	for	ADP
cet-15664	16	26	corporate	corporate	ADJ
cet-15664	16	27	sustainability	sustainability	NOUN
cet-15664	16	28	transitions	transition	NOUN
cet-15664	16	29	(	(	PUNCT
cet-15664	16	30	khalid	khalid	PROPN
cet-15664	16	31	et	et	PROPN
cet-15664	16	32	al	al	PROPN
cet-15664	16	33	.	.	PROPN
cet-15664	16	34	,	,	PUNCT
cet-15664	16	35	2025	2025	NUM
cet-15664	16	36	)	)	PUNCT
cet-15664	16	37	.	.	PUNCT
cet-15664	17	1	however	however	ADV
cet-15664	17	2	,	,	PUNCT
cet-15664	17	3	its	its	PRON
cet-15664	17	4	effectiveness	effectiveness	NOUN
cet-15664	17	5	and	and	CCONJ
cet-15664	17	6	allocative	allocative	ADJ
cet-15664	17	7	efficiency	efficiency	NOUN
cet-15664	17	8	remain	remain	VERB
cet-15664	17	9	contested	contest	VERB
cet-15664	17	10	.	.	PUNCT
cet-15664	18	1	resource	resource	NOUN
cet-15664	18	2	constraints	constraint	NOUN
cet-15664	18	3	,	,	PUNCT
cet-15664	18	4	whether	whether	SCONJ
cet-15664	18	5	in	in	ADP
cet-15664	18	6	the	the	DET
cet-15664	18	7	form	form	NOUN
cet-15664	18	8	of	of	ADP
cet-15664	18	9	fiscal	fiscal	ADJ
cet-15664	18	10	tightening	tightening	NOUN
cet-15664	18	11	,	,	PUNCT
cet-15664	18	12	policy	policy	NOUN
cet-15664	18	13	ambiguity	ambiguity	NOUN
cet-15664	18	14	,	,	PUNCT
cet-15664	18	15	or	or	CCONJ
cet-15664	18	16	capital	capital	NOUN
cet-15664	18	17	market	market	NOUN
cet-15664	18	18	imperfections	imperfection	NOUN
cet-15664	18	19	,	,	PUNCT
cet-15664	18	20	mean	mean	VERB
cet-15664	18	21	that	that	SCONJ
cet-15664	18	22	firms	firm	NOUN
cet-15664	18	23	and	and	CCONJ
cet-15664	18	24	regulators	regulator	NOUN
cet-15664	18	25	must	must	AUX
cet-15664	18	26	determine	determine	VERB
cet-15664	18	27	how	how	SCONJ
cet-15664	18	28	to	to	PART
cet-15664	18	29	deploy	deploy	VERB
cet-15664	18	30	limited	limited	ADJ
cet-15664	18	31	green	green	ADJ
cet-15664	18	32	capital	capital	NOUN
cet-15664	18	33	to	to	PART
cet-15664	18	34	generate	generate	VERB
cet-15664	18	35	maximum	maximum	ADJ
cet-15664	18	36	environmental	environmental	ADJ
cet-15664	18	37	impact	impact	NOUN
cet-15664	18	38	.	.	PUNCT
cet-15664	19	1	while	while	SCONJ
cet-15664	19	2	prior	prior	ADJ
cet-15664	19	3	studies	study	NOUN
cet-15664	19	4	have	have	AUX
cet-15664	19	5	explored	explore	VERB
cet-15664	19	6	the	the	DET
cet-15664	19	7	relationship	relationship	NOUN
cet-15664	19	8	between	between	ADP
cet-15664	19	9	green	green	ADJ
cet-15664	19	10	investment	investment	NOUN
cet-15664	19	11	and	and	CCONJ
cet-15664	19	12	firm	firm	ADJ
cet-15664	19	13	-	-	PUNCT
cet-15664	19	14	level	level	NOUN
cet-15664	19	15	environmental	environmental	ADJ
cet-15664	19	16	outcomes	outcome	NOUN
cet-15664	19	17	through	through	ADP
cet-15664	19	18	panel	panel	NOUN
cet-15664	19	19	regressions	regression	NOUN
cet-15664	19	20	and	and	CCONJ
cet-15664	19	21	quasi	quasi	ADJ
cet-15664	19	22	-	-	ADJ
cet-15664	19	23	experimental	experimental	ADJ
cet-15664	19	24	designs	design	NOUN
cet-15664	19	25	(	(	PUNCT
cet-15664	19	26	li	li	PROPN
cet-15664	19	27	et	et	PROPN
cet-15664	19	28	al	al	PROPN
cet-15664	19	29	.	.	PROPN
cet-15664	19	30	,	,	PUNCT
cet-15664	19	31	2024	2024	NUM
cet-15664	19	32	)	)	PUNCT
cet-15664	19	33	,	,	PUNCT
cet-15664	19	34	these	these	DET
cet-15664	19	35	approaches	approach	NOUN
cet-15664	19	36	are	be	AUX
cet-15664	19	37	largely	largely	ADV
cet-15664	19	38	retrospective	retrospective	ADJ
cet-15664	19	39	and	and	CCONJ
cet-15664	19	40	descriptive	descriptive	ADJ
cet-15664	19	41	.	.	PUNCT
cet-15664	20	1	they	they	PRON
cet-15664	20	2	provide	provide	VERB
cet-15664	20	3	evidence	evidence	NOUN
cet-15664	20	4	of	of	ADP
cet-15664	20	5	average	average	ADJ
cet-15664	20	6	treatment	treatment	NOUN
cet-15664	20	7	effects	effect	NOUN
cet-15664	20	8	but	but	CCONJ
cet-15664	20	9	fall	fall	VERB
cet-15664	20	10	short	short	ADV
cet-15664	20	11	of	of	ADP
cet-15664	20	12	offering	offer	VERB
cet-15664	20	13	prescriptive	prescriptive	ADJ
cet-15664	20	14	guidance	guidance	NOUN
cet-15664	20	15	on	on	ADP
cet-15664	20	16	how	how	SCONJ
cet-15664	20	17	capital	capital	NOUN
cet-15664	20	18	should	should	AUX
cet-15664	20	19	be	be	AUX
cet-15664	20	20	optimally	optimally	ADV
cet-15664	20	21	distributed	distribute	VERB
cet-15664	20	22	.	.	PUNCT
cet-15664	21	1	moreover	moreover	ADV
cet-15664	21	2	,	,	PUNCT
cet-15664	21	3	little	little	ADJ
cet-15664	21	4	research	research	NOUN
cet-15664	21	5	has	have	AUX
cet-15664	21	6	integrated	integrate	VERB
cet-15664	21	7	econometric	econometric	ADJ
cet-15664	21	8	evidence	evidence	NOUN
cet-15664	21	9	with	with	ADP
cet-15664	21	10	optimization	optimization	NOUN
cet-15664	21	11	frameworks	framework	NOUN
cet-15664	21	12	to	to	PART
cet-15664	21	13	produce	produce	VERB
cet-15664	21	14	actionable	actionable	ADJ
cet-15664	21	15	allocation	allocation	NOUN
cet-15664	21	16	strategies	strategy	NOUN
cet-15664	21	17	for	for	ADP
cet-15664	21	18	esg	esg	PROPN
cet-15664	21	19	229	229	NUM
cet-15664	21	20	investment	investment	NOUN
cet-15664	21	21	.	.	PUNCT
cet-15664	22	1	the	the	DET
cet-15664	22	2	lack	lack	NOUN
cet-15664	22	3	of	of	ADP
cet-15664	22	4	a	a	DET
cet-15664	22	5	normative	normative	ADJ
cet-15664	22	6	decision	decision	NOUN
cet-15664	22	7	-	-	PUNCT
cet-15664	22	8	support	support	NOUN
cet-15664	22	9	framework	framework	NOUN
cet-15664	22	10	represents	represent	VERB
cet-15664	22	11	a	a	DET
cet-15664	22	12	significant	significant	ADJ
cet-15664	22	13	gap	gap	NOUN
cet-15664	22	14	in	in	ADP
cet-15664	22	15	esg	esg	PROPN
cet-15664	22	16	investment	investment	NOUN
cet-15664	22	17	research	research	NOUN
cet-15664	22	18	.	.	PUNCT
cet-15664	23	1	to	to	PART
cet-15664	23	2	address	address	VERB
cet-15664	23	3	this	this	PRON
cet-15664	23	4	,	,	PUNCT
cet-15664	23	5	this	this	DET
cet-15664	23	6	research	research	NOUN
cet-15664	23	7	proposes	propose	VERB
cet-15664	23	8	an	an	DET
cet-15664	23	9	integrated	integrate	VERB
cet-15664	23	10	empirical	empirical	ADJ
cet-15664	23	11	optimization	optimization	NOUN
cet-15664	23	12	approach	approach	NOUN
cet-15664	23	13	.	.	PUNCT
cet-15664	24	1	the	the	DET
cet-15664	24	2	study	study	NOUN
cet-15664	24	3	first	first	ADV
cet-15664	24	4	estimates	estimate	VERB
cet-15664	24	5	the	the	DET
cet-15664	24	6	marginal	marginal	ADJ
cet-15664	24	7	environmental	environmental	ADJ
cet-15664	24	8	return	return	NOUN
cet-15664	24	9	of	of	ADP
cet-15664	24	10	green	green	ADJ
cet-15664	24	11	investment	investment	NOUN
cet-15664	24	12	across	across	ADP
cet-15664	24	13	firms	firm	NOUN
cet-15664	24	14	using	use	VERB
cet-15664	24	15	panel	panel	NOUN
cet-15664	24	16	data	datum	NOUN
cet-15664	24	17	of	of	ADP
cet-15664	24	18	chinese	chinese	ADJ
cet-15664	24	19	a	a	DET
cet-15664	24	20	-	-	PUNCT
cet-15664	24	21	share	share	NOUN
cet-15664	24	22	listed	list	VERB
cet-15664	24	23	companies	company	NOUN
cet-15664	24	24	from	from	ADP
cet-15664	24	25	2011	2011	NUM
cet-15664	24	26	to	to	ADP
cet-15664	24	27	2023	2023	NUM
cet-15664	24	28	.	.	PUNCT
cet-15664	25	1	these	these	DET
cet-15664	25	2	estimated	estimate	VERB
cet-15664	25	3	coefficients	coefficient	NOUN
cet-15664	25	4	are	be	AUX
cet-15664	25	5	then	then	ADV
cet-15664	25	6	incorporated	incorporate	VERB
cet-15664	25	7	into	into	ADP
cet-15664	25	8	a	a	DET
cet-15664	25	9	process	process	NOUN
cet-15664	25	10	graph	graph	NOUN
cet-15664	25	11	(	(	PUNCT
cet-15664	25	12	p‑graph	p‑graph	NOUN
cet-15664	25	13	)	)	PUNCT
cet-15664	25	14	model	model	NOUN
cet-15664	25	15	,	,	PUNCT
cet-15664	25	16	an	an	DET
cet-15664	25	17	advanced	advanced	ADJ
cet-15664	25	18	combinatorial	combinatorial	ADJ
cet-15664	25	19	optimization	optimization	NOUN
cet-15664	25	20	technique	technique	NOUN
cet-15664	25	21	developed	develop	VERB
cet-15664	25	22	initially	initially	ADV
cet-15664	25	23	for	for	ADP
cet-15664	25	24	process	process	NOUN
cet-15664	25	25	network	network	NOUN
cet-15664	25	26	synthesis	synthesis	NOUN
cet-15664	25	27	(	(	PUNCT
cet-15664	25	28	lim	lim	PROPN
cet-15664	25	29	et	et	PROPN
cet-15664	25	30	al	al	PROPN
cet-15664	25	31	.	.	PROPN
cet-15664	25	32	,	,	PUNCT
cet-15664	25	33	2025	2025	NUM
cet-15664	25	34	)	)	PUNCT
cet-15664	25	35	.	.	PUNCT
cet-15664	26	1	while	while	SCONJ
cet-15664	26	2	the	the	DET
cet-15664	26	3	p	p	NOUN
cet-15664	26	4	-	-	PUNCT
cet-15664	26	5	graph	graph	NOUN
cet-15664	26	6	has	have	AUX
cet-15664	26	7	been	be	AUX
cet-15664	26	8	successfully	successfully	ADV
cet-15664	26	9	extended	extend	VERB
cet-15664	26	10	to	to	ADP
cet-15664	26	11	applications	application	NOUN
cet-15664	26	12	such	such	ADJ
cet-15664	26	13	as	as	ADP
cet-15664	26	14	foodenergy	foodenergy	NOUN
cet-15664	26	15	-	-	PUNCT
cet-15664	26	16	water	water	NOUN
cet-15664	26	17	nexus	nexus	NOUN
cet-15664	26	18	systems	system	NOUN
cet-15664	26	19	and	and	CCONJ
cet-15664	26	20	renewable	renewable	ADJ
cet-15664	26	21	energy	energy	NOUN
cet-15664	26	22	planning	planning	NOUN
cet-15664	26	23	(	(	PUNCT
cet-15664	26	24	tan	tan	NOUN
cet-15664	26	25	et	et	PROPN
cet-15664	26	26	al	al	PROPN
cet-15664	26	27	.	.	PROPN
cet-15664	26	28	,	,	PUNCT
cet-15664	26	29	2024	2024	NUM
cet-15664	26	30	)	)	PUNCT
cet-15664	26	31	,	,	PUNCT
cet-15664	26	32	its	its	PRON
cet-15664	26	33	application	application	NOUN
cet-15664	26	34	in	in	ADP
cet-15664	26	35	esg	esg	PROPN
cet-15664	26	36	capital	capital	NOUN
cet-15664	26	37	allocation	allocation	NOUN
cet-15664	26	38	remains	remain	VERB
cet-15664	26	39	underexplored	underexplored	ADJ
cet-15664	26	40	.	.	PUNCT
cet-15664	27	1	this	this	DET
cet-15664	27	2	study	study	NOUN
cet-15664	27	3	pioneers	pioneer	VERB
cet-15664	27	4	the	the	DET
cet-15664	27	5	use	use	NOUN
cet-15664	27	6	of	of	ADP
cet-15664	27	7	the	the	DET
cet-15664	27	8	p	p	NOUN
cet-15664	27	9	-	-	PUNCT
cet-15664	27	10	graph	graph	NOUN
cet-15664	27	11	for	for	ADP
cet-15664	27	12	optimizing	optimize	VERB
cet-15664	27	13	environmental	environmental	ADJ
cet-15664	27	14	investment	investment	NOUN
cet-15664	27	15	.	.	PUNCT
cet-15664	28	1	by	by	ADP
cet-15664	28	2	integrating	integrate	VERB
cet-15664	28	3	econometric	econometric	ADJ
cet-15664	28	4	estimates	estimate	NOUN
cet-15664	28	5	with	with	ADP
cet-15664	28	6	process	process	NOUN
cet-15664	28	7	-	-	PUNCT
cet-15664	28	8	based	base	VERB
cet-15664	28	9	decision	decision	NOUN
cet-15664	28	10	modeling	modeling	NOUN
cet-15664	28	11	,	,	PUNCT
cet-15664	28	12	it	it	PRON
cet-15664	28	13	identifies	identify	VERB
cet-15664	28	14	the	the	DET
cet-15664	28	15	most	most	ADV
cet-15664	28	16	efficient	efficient	ADJ
cet-15664	28	17	portfolio	portfolio	NOUN
cet-15664	28	18	of	of	ADP
cet-15664	28	19	green	green	ADJ
cet-15664	28	20	investments	investment	NOUN
cet-15664	28	21	under	under	ADP
cet-15664	28	22	capital	capital	NOUN
cet-15664	28	23	constraints	constraint	NOUN
cet-15664	28	24	.	.	PUNCT
cet-15664	29	1	the	the	DET
cet-15664	29	2	results	result	NOUN
cet-15664	29	3	offer	offer	VERB
cet-15664	29	4	both	both	DET
cet-15664	29	5	theoretical	theoretical	ADJ
cet-15664	29	6	advancements	advancement	NOUN
cet-15664	29	7	,	,	PUNCT
cet-15664	29	8	by	by	ADP
cet-15664	29	9	linking	link	VERB
cet-15664	29	10	environmental	environmental	ADJ
cet-15664	29	11	finance	finance	NOUN
cet-15664	29	12	with	with	ADP
cet-15664	29	13	operations	operation	NOUN
cet-15664	29	14	research	research	NOUN
cet-15664	29	15	,	,	PUNCT
cet-15664	29	16	and	and	CCONJ
cet-15664	29	17	practical	practical	ADJ
cet-15664	29	18	insights	insight	NOUN
cet-15664	29	19	for	for	ADP
cet-15664	29	20	esg	esg	PROPN
cet-15664	29	21	investors	investor	NOUN
cet-15664	29	22	and	and	CCONJ
cet-15664	29	23	policymakers	policymaker	NOUN
cet-15664	29	24	in	in	ADP
cet-15664	29	25	emerging	emerge	VERB
cet-15664	29	26	markets	market	NOUN
cet-15664	29	27	undergoing	undergo	VERB
cet-15664	29	28	structural	structural	ADJ
cet-15664	29	29	green	green	ADJ
cet-15664	29	30	transitions	transition	NOUN
cet-15664	29	31	.	.	PUNCT
cet-15664	30	1	the	the	DET
cet-15664	30	2	remainder	remainder	NOUN
cet-15664	30	3	of	of	ADP
cet-15664	30	4	the	the	DET
cet-15664	30	5	paper	paper	NOUN
cet-15664	30	6	is	be	AUX
cet-15664	30	7	organized	organize	VERB
cet-15664	30	8	as	as	SCONJ
cet-15664	30	9	follows	follow	VERB
cet-15664	30	10	:	:	PUNCT
cet-15664	30	11	section	section	NOUN
cet-15664	30	12	2	2	NUM
cet-15664	30	13	details	detail	NOUN
cet-15664	30	14	the	the	DET
cet-15664	30	15	empirical	empirical	ADJ
cet-15664	30	16	strategy	strategy	NOUN
cet-15664	30	17	and	and	CCONJ
cet-15664	30	18	model	model	NOUN
cet-15664	30	19	formulation	formulation	NOUN
cet-15664	30	20	;	;	PUNCT
cet-15664	30	21	section	section	NOUN
cet-15664	30	22	3	3	NUM
cet-15664	30	23	introduces	introduce	VERB
cet-15664	30	24	the	the	DET
cet-15664	30	25	empirical	empirical	ADJ
cet-15664	30	26	analysis	analysis	NOUN
cet-15664	30	27	and	and	CCONJ
cet-15664	30	28	optimization	optimization	NOUN
cet-15664	30	29	results	result	NOUN
cet-15664	30	30	;	;	PUNCT
cet-15664	30	31	section	section	NOUN
cet-15664	30	32	4	4	NUM
cet-15664	30	33	presents	present	VERB
cet-15664	30	34	the	the	DET
cet-15664	30	35	discussions	discussion	NOUN
cet-15664	30	36	and	and	CCONJ
cet-15664	30	37	concludes	conclude	VERB
cet-15664	30	38	.	.	PUNCT
cet-15664	31	1	2	2	X
cet-15664	31	2	.	.	X
cet-15664	31	3	methodology	methodology	NOUN
cet-15664	31	4	2.1	2.1	NUM
cet-15664	31	5	research	research	NOUN
cet-15664	31	6	design	design	NOUN
cet-15664	31	7	this	this	DET
cet-15664	31	8	study	study	NOUN
cet-15664	31	9	adopts	adopt	VERB
cet-15664	31	10	a	a	DET
cet-15664	31	11	two	two	NUM
cet-15664	31	12	-	-	PUNCT
cet-15664	31	13	stage	stage	NOUN
cet-15664	31	14	analytical	analytical	ADJ
cet-15664	31	15	framework	framework	NOUN
cet-15664	31	16	to	to	PART
cet-15664	31	17	address	address	VERB
cet-15664	31	18	the	the	DET
cet-15664	31	19	core	core	NOUN
cet-15664	31	20	research	research	NOUN
cet-15664	31	21	question	question	NOUN
cet-15664	31	22	:	:	PUNCT
cet-15664	31	23	how	how	SCONJ
cet-15664	31	24	to	to	PART
cet-15664	31	25	optimally	optimally	ADV
cet-15664	31	26	allocate	allocate	VERB
cet-15664	31	27	limited	limited	ADJ
cet-15664	31	28	green	green	ADJ
cet-15664	31	29	investment	investment	NOUN
cet-15664	31	30	across	across	ADP
cet-15664	31	31	industrial	industrial	ADJ
cet-15664	31	32	sectors	sector	NOUN
cet-15664	31	33	to	to	PART
cet-15664	31	34	maximize	maximize	VERB
cet-15664	31	35	environmental	environmental	ADJ
cet-15664	31	36	performance	performance	NOUN
cet-15664	31	37	.	.	PUNCT
cet-15664	32	1	the	the	DET
cet-15664	32	2	framework	framework	NOUN
cet-15664	32	3	integrates	integrate	VERB
cet-15664	32	4	fixed	fix	VERB
cet-15664	32	5	-	-	PUNCT
cet-15664	32	6	effects	effect	NOUN
cet-15664	32	7	regression	regression	NOUN
cet-15664	32	8	estimation	estimation	NOUN
cet-15664	32	9	with	with	ADP
cet-15664	32	10	combinatorial	combinatorial	ADJ
cet-15664	32	11	optimization	optimization	NOUN
cet-15664	32	12	using	use	VERB
cet-15664	32	13	the	the	DET
cet-15664	32	14	p	p	ADJ
cet-15664	32	15	-	-	PUNCT
cet-15664	32	16	graph	graph	NOUN
cet-15664	32	17	methodology	methodology	NOUN
cet-15664	32	18	.	.	PUNCT
cet-15664	33	1	in	in	ADP
cet-15664	33	2	the	the	DET
cet-15664	33	3	first	first	ADJ
cet-15664	33	4	stage	stage	NOUN
cet-15664	33	5	,	,	PUNCT
cet-15664	33	6	firm	firm	ADJ
cet-15664	33	7	-	-	PUNCT
cet-15664	33	8	level	level	NOUN
cet-15664	33	9	environmental	environmental	ADJ
cet-15664	33	10	return	return	NOUN
cet-15664	33	11	on	on	ADP
cet-15664	33	12	investment	investment	NOUN
cet-15664	33	13	(	(	PUNCT
cet-15664	33	14	eroi	eroi	NOUN
cet-15664	33	15	)	)	PUNCT
cet-15664	33	16	is	be	AUX
cet-15664	33	17	estimated	estimate	VERB
cet-15664	33	18	via	via	ADP
cet-15664	33	19	panel	panel	NOUN
cet-15664	33	20	regressions	regression	NOUN
cet-15664	33	21	,	,	PUNCT
cet-15664	33	22	following	follow	VERB
cet-15664	33	23	methods	method	NOUN
cet-15664	33	24	established	establish	VERB
cet-15664	33	25	in	in	ADP
cet-15664	33	26	prior	prior	ADJ
cet-15664	33	27	esg	esg	PROPN
cet-15664	33	28	investment	investment	NOUN
cet-15664	33	29	literature	literature	NOUN
cet-15664	33	30	(	(	PUNCT
cet-15664	33	31	xue	xue	PROPN
cet-15664	33	32	et	et	PROPN
cet-15664	33	33	al	al	PROPN
cet-15664	33	34	.	.	PROPN
cet-15664	33	35	,	,	PUNCT
cet-15664	33	36	2024	2024	NUM
cet-15664	33	37	)	)	PUNCT
cet-15664	33	38	.	.	PUNCT
cet-15664	34	1	regression	regression	NOUN
cet-15664	34	2	models	model	NOUN
cet-15664	34	3	are	be	AUX
cet-15664	34	4	implemented	implement	VERB
cet-15664	34	5	using	use	VERB
cet-15664	34	6	stata	stata	NOUN
cet-15664	34	7	18	18	NUM
cet-15664	34	8	,	,	PUNCT
cet-15664	34	9	with	with	ADP
cet-15664	34	10	firm	firm	ADJ
cet-15664	34	11	and	and	CCONJ
cet-15664	34	12	year	year	NOUN
cet-15664	34	13	fixed	fix	VERB
cet-15664	34	14	effects	effect	NOUN
cet-15664	34	15	and	and	CCONJ
cet-15664	34	16	clustered	clustered	ADJ
cet-15664	34	17	standard	standard	ADJ
cet-15664	34	18	errors	error	NOUN
cet-15664	34	19	at	at	ADP
cet-15664	34	20	the	the	DET
cet-15664	34	21	firm	firm	ADJ
cet-15664	34	22	level	level	NOUN
cet-15664	34	23	to	to	PART
cet-15664	34	24	ensure	ensure	VERB
cet-15664	34	25	robustness	robustness	NOUN
cet-15664	34	26	.	.	PUNCT
cet-15664	35	1	these	these	DET
cet-15664	35	2	sector	sector	NOUN
cet-15664	35	3	-	-	PUNCT
cet-15664	35	4	specific	specific	ADJ
cet-15664	35	5	estimates	estimate	NOUN
cet-15664	35	6	are	be	AUX
cet-15664	35	7	then	then	ADV
cet-15664	35	8	embedded	embed	VERB
cet-15664	35	9	into	into	ADP
cet-15664	35	10	the	the	DET
cet-15664	35	11	p	p	NOUN
cet-15664	35	12	-	-	PUNCT
cet-15664	35	13	graph	graph	NOUN
cet-15664	35	14	model	model	NOUN
cet-15664	35	15	,	,	PUNCT
cet-15664	35	16	which	which	PRON
cet-15664	35	17	identifies	identify	VERB
cet-15664	35	18	the	the	DET
cet-15664	35	19	globally	globally	ADV
cet-15664	35	20	optimal	optimal	ADJ
cet-15664	35	21	capital	capital	NOUN
cet-15664	35	22	allocation	allocation	NOUN
cet-15664	35	23	under	under	ADP
cet-15664	35	24	budget	budget	NOUN
cet-15664	35	25	constraints	constraint	NOUN
cet-15664	35	26	(	(	PUNCT
cet-15664	35	27	lim	lim	PROPN
cet-15664	35	28	et	et	PROPN
cet-15664	35	29	al	al	PROPN
cet-15664	35	30	.	.	PROPN
cet-15664	35	31	,	,	PUNCT
cet-15664	35	32	2025	2025	NUM
cet-15664	35	33	)	)	PUNCT
cet-15664	35	34	.	.	PUNCT
cet-15664	36	1	optimization	optimization	NOUN
cet-15664	36	2	is	be	AUX
cet-15664	36	3	conducted	conduct	VERB
cet-15664	36	4	in	in	ADP
cet-15664	36	5	p‑graph	p‑graph	NOUN
cet-15664	36	6	studio	studio	NOUN
cet-15664	36	7	v5.2	v5.2	VERB
cet-15664	36	8	using	use	VERB
cet-15664	36	9	the	the	DET
cet-15664	36	10	accelerated	accelerated	ADJ
cet-15664	36	11	branch‑and‑bound	branch‑and‑bound	PROPN
cet-15664	36	12	(	(	PUNCT
cet-15664	36	13	abb	abb	PROPN
cet-15664	36	14	)	)	PUNCT
cet-15664	36	15	and	and	CCONJ
cet-15664	36	16	maximum	maximum	ADJ
cet-15664	36	17	structure	structure	NOUN
cet-15664	36	18	generation	generation	NOUN
cet-15664	36	19	(	(	PUNCT
cet-15664	36	20	msg	msg	PROPN
cet-15664	36	21	)	)	PUNCT
cet-15664	36	22	algorithms	algorithm	NOUN
cet-15664	36	23	under	under	ADP
cet-15664	36	24	default	default	NOUN
cet-15664	36	25	solver	solver	NOUN
cet-15664	36	26	settings	setting	NOUN
cet-15664	36	27	.	.	PUNCT
cet-15664	37	1	as	as	SCONJ
cet-15664	37	2	illustrated	illustrate	VERB
cet-15664	37	3	in	in	ADP
cet-15664	37	4	figure	figure	NOUN
cet-15664	37	5	1	1	NUM
cet-15664	37	6	,	,	PUNCT
cet-15664	37	7	the	the	DET
cet-15664	37	8	econometric	econometric	ADJ
cet-15664	37	9	module	module	NOUN
cet-15664	37	10	focuses	focus	VERB
cet-15664	37	11	on	on	ADP
cet-15664	37	12	empirical	empirical	ADJ
cet-15664	37	13	diagnosis	diagnosis	NOUN
cet-15664	37	14	and	and	CCONJ
cet-15664	37	15	causal	causal	NOUN
cet-15664	37	16	inference	inference	NOUN
cet-15664	37	17	,	,	PUNCT
cet-15664	37	18	providing	provide	VERB
cet-15664	37	19	data	data	NOUN
cet-15664	37	20	-	-	PUNCT
cet-15664	37	21	driven	drive	VERB
cet-15664	37	22	estimates	estimate	NOUN
cet-15664	37	23	that	that	PRON
cet-15664	37	24	quantify	quantify	VERB
cet-15664	37	25	eroi	eroi	NOUN
cet-15664	37	26	across	across	ADP
cet-15664	37	27	sectors	sector	NOUN
cet-15664	37	28	.	.	PUNCT
cet-15664	38	1	the	the	DET
cet-15664	38	2	optimization	optimization	NOUN
cet-15664	38	3	module	module	NOUN
cet-15664	38	4	serves	serve	VERB
cet-15664	38	5	as	as	ADP
cet-15664	38	6	a	a	DET
cet-15664	38	7	prescriptive	prescriptive	ADJ
cet-15664	38	8	decision	decision	NOUN
cet-15664	38	9	-	-	PUNCT
cet-15664	38	10	support	support	NOUN
cet-15664	38	11	system	system	NOUN
cet-15664	38	12	,	,	PUNCT
cet-15664	38	13	mapping	map	VERB
cet-15664	38	14	feasible	feasible	ADJ
cet-15664	38	15	capital	capital	NOUN
cet-15664	38	16	allocation	allocation	NOUN
cet-15664	38	17	schemes	scheme	NOUN
cet-15664	38	18	and	and	CCONJ
cet-15664	38	19	identifying	identify	VERB
cet-15664	38	20	the	the	DET
cet-15664	38	21	most	most	ADV
cet-15664	38	22	effective	effective	ADJ
cet-15664	38	23	investment	investment	NOUN
cet-15664	38	24	combination	combination	NOUN
cet-15664	38	25	.	.	PUNCT
cet-15664	39	1	this	this	DET
cet-15664	39	2	dual	dual	ADJ
cet-15664	39	3	structure	structure	NOUN
cet-15664	39	4	bridges	bridge	NOUN
cet-15664	39	5	empirical	empirical	ADJ
cet-15664	39	6	estimation	estimation	NOUN
cet-15664	39	7	with	with	ADP
cet-15664	39	8	strategic	strategic	ADJ
cet-15664	39	9	esg	esg	NOUN
cet-15664	39	10	resource	resource	NOUN
cet-15664	39	11	planning	planning	NOUN
cet-15664	39	12	,	,	PUNCT
cet-15664	39	13	enabling	enable	VERB
cet-15664	39	14	performance	performance	NOUN
cet-15664	39	15	-	-	PUNCT
cet-15664	39	16	maximizing	maximize	VERB
cet-15664	39	17	decisions	decision	NOUN
cet-15664	39	18	under	under	ADP
cet-15664	39	19	financial	financial	ADJ
cet-15664	39	20	limitations	limitation	NOUN
cet-15664	39	21	.	.	PUNCT
cet-15664	40	1	by	by	ADP
cet-15664	40	2	combining	combine	VERB
cet-15664	40	3	regression	regression	NOUN
cet-15664	40	4	-	-	PUNCT
cet-15664	40	5	based	base	VERB
cet-15664	40	6	insights	insight	NOUN
cet-15664	40	7	with	with	ADP
cet-15664	40	8	structural	structural	ADJ
cet-15664	40	9	optimization	optimization	NOUN
cet-15664	40	10	,	,	PUNCT
cet-15664	40	11	the	the	DET
cet-15664	40	12	framework	framework	NOUN
cet-15664	40	13	advances	advance	VERB
cet-15664	40	14	sustainable	sustainable	ADJ
cet-15664	40	15	finance	finance	NOUN
cet-15664	40	16	research	research	NOUN
cet-15664	40	17	by	by	ADP
cet-15664	40	18	operationalizing	operationalize	VERB
cet-15664	40	19	esg	esg	PROPN
cet-15664	40	20	capital	capital	NOUN
cet-15664	40	21	allocation	allocation	NOUN
cet-15664	40	22	within	within	ADP
cet-15664	40	23	a	a	DET
cet-15664	40	24	normative	normative	ADJ
cet-15664	40	25	decision‑support	decision‑support	NOUN
cet-15664	40	26	paradigm	paradigm	NOUN
cet-15664	40	27	.	.	PUNCT
cet-15664	41	1	figure	figure	NOUN
cet-15664	41	2	1	1	NUM
cet-15664	41	3	:	:	PUNCT
cet-15664	41	4	research	research	NOUN
cet-15664	41	5	framework	framework	NOUN
cet-15664	41	6	:	:	PUNCT
cet-15664	41	7	econometric	econometric	ADJ
cet-15664	41	8	estimation	estimation	NOUN
cet-15664	41	9	and	and	CCONJ
cet-15664	41	10	optimization	optimization	NOUN
cet-15664	41	11	integration	integration	NOUN
cet-15664	41	12	230	230	NUM
cet-15664	41	13	2.2	2.2	NUM
cet-15664	41	14	data	datum	NOUN
cet-15664	41	15	sources	source	NOUN
cet-15664	41	16	and	and	CCONJ
cet-15664	41	17	variable	variable	ADJ
cet-15664	41	18	definitions	definition	NOUN
cet-15664	41	19	this	this	DET
cet-15664	41	20	study	study	NOUN
cet-15664	41	21	constructs	construct	VERB
cet-15664	41	22	an	an	DET
cet-15664	41	23	unbalanced	unbalanced	ADJ
cet-15664	41	24	panel	panel	NOUN
cet-15664	41	25	dataset	dataset	NOUN
cet-15664	41	26	of	of	ADP
cet-15664	41	27	chinese	chinese	ADJ
cet-15664	41	28	a	a	DET
cet-15664	41	29	-	-	PUNCT
cet-15664	41	30	share	share	NOUN
cet-15664	41	31	listed	list	VERB
cet-15664	41	32	firms	firm	NOUN
cet-15664	41	33	spanning	span	VERB
cet-15664	41	34	the	the	DET
cet-15664	41	35	period	period	NOUN
cet-15664	41	36	from	from	ADP
cet-15664	41	37	2011	2011	NUM
cet-15664	41	38	to	to	ADP
cet-15664	41	39	2023	2023	NUM
cet-15664	41	40	,	,	PUNCT
cet-15664	41	41	comprising	comprise	VERB
cet-15664	41	42	42,046	42,046	NUM
cet-15664	41	43	firm	firm	ADJ
cet-15664	41	44	-	-	PUNCT
cet-15664	41	45	year	year	NOUN
cet-15664	41	46	observations	observation	NOUN
cet-15664	41	47	across	across	ADP
cet-15664	41	48	heterogeneous	heterogeneous	ADJ
cet-15664	41	49	industries	industry	NOUN
cet-15664	41	50	and	and	CCONJ
cet-15664	41	51	ownership	ownership	NOUN
cet-15664	41	52	types	type	NOUN
cet-15664	41	53	.	.	PUNCT
cet-15664	42	1	financial	financial	ADJ
cet-15664	42	2	and	and	CCONJ
cet-15664	42	3	corporate	corporate	ADJ
cet-15664	42	4	characteristics	characteristic	NOUN
cet-15664	42	5	are	be	AUX
cet-15664	42	6	sourced	source	VERB
cet-15664	42	7	from	from	ADP
cet-15664	42	8	the	the	DET
cet-15664	42	9	csmar	csmar	PROPN
cet-15664	42	10	database	database	NOUN
cet-15664	42	11	,	,	PUNCT
cet-15664	42	12	while	while	SCONJ
cet-15664	42	13	esg	esg	PROPN
cet-15664	42	14	scores	score	NOUN
cet-15664	42	15	are	be	AUX
cet-15664	42	16	obtained	obtain	VERB
cet-15664	42	17	from	from	ADP
cet-15664	42	18	the	the	DET
cet-15664	42	19	huazheng	huazheng	PROPN
cet-15664	42	20	esg	esg	PROPN
cet-15664	42	21	ratings	rating	NOUN
cet-15664	42	22	database	database	NOUN
cet-15664	42	23	.	.	PUNCT
cet-15664	43	1	observations	observation	NOUN
cet-15664	43	2	with	with	ADP
cet-15664	43	3	missing	miss	VERB
cet-15664	43	4	esg	esg	NOUN
cet-15664	43	5	scores	score	NOUN
cet-15664	43	6	are	be	AUX
cet-15664	43	7	excluded	exclude	VERB
cet-15664	43	8	,	,	PUNCT
cet-15664	43	9	while	while	SCONJ
cet-15664	43	10	firmyears	firmyear	NOUN
cet-15664	43	11	with	with	ADP
cet-15664	43	12	zero	zero	NUM
cet-15664	43	13	green	green	ADJ
cet-15664	43	14	investment	investment	NOUN
cet-15664	43	15	are	be	AUX
cet-15664	43	16	retained	retain	VERB
cet-15664	43	17	if	if	SCONJ
cet-15664	43	18	other	other	ADJ
cet-15664	43	19	variables	variable	NOUN
cet-15664	43	20	are	be	AUX
cet-15664	43	21	complete	complete	ADJ
cet-15664	43	22	.	.	PUNCT
cet-15664	44	1	all	all	DET
cet-15664	44	2	continuous	continuous	ADJ
cet-15664	44	3	variables	variable	NOUN
cet-15664	44	4	are	be	AUX
cet-15664	44	5	winsorized	winsorize	VERB
cet-15664	44	6	at	at	ADP
cet-15664	44	7	the	the	DET
cet-15664	44	8	1st	1st	ADJ
cet-15664	44	9	and	and	CCONJ
cet-15664	44	10	99th	99th	ADJ
cet-15664	44	11	percentiles	percentile	NOUN
cet-15664	44	12	to	to	PART
cet-15664	44	13	mitigate	mitigate	VERB
cet-15664	44	14	the	the	DET
cet-15664	44	15	impact	impact	NOUN
cet-15664	44	16	of	of	ADP
cet-15664	44	17	outliers	outlier	NOUN
cet-15664	44	18	.	.	PUNCT
cet-15664	45	1	industryand	industryand	NOUN
cet-15664	45	2	year‑fixed	year‑fixed	NUM
cet-15664	45	3	effects	effect	NOUN
cet-15664	45	4	are	be	AUX
cet-15664	45	5	incorporated	incorporate	VERB
cet-15664	45	6	in	in	ADP
cet-15664	45	7	all	all	DET
cet-15664	45	8	regressions	regression	NOUN
cet-15664	45	9	to	to	PART
cet-15664	45	10	control	control	VERB
cet-15664	45	11	for	for	ADP
cet-15664	45	12	structural	structural	ADJ
cet-15664	45	13	and	and	CCONJ
cet-15664	45	14	temporal	temporal	ADJ
cet-15664	45	15	heterogeneity	heterogeneity	NOUN
cet-15664	45	16	(	(	PUNCT
cet-15664	45	17	donghui	donghui	NOUN
cet-15664	45	18	et	et	PROPN
cet-15664	45	19	al	al	PROPN
cet-15664	45	20	.	.	PROPN
cet-15664	45	21	,	,	PUNCT
cet-15664	45	22	2025	2025	NUM
cet-15664	45	23	)	)	PUNCT
cet-15664	45	24	.	.	PUNCT
cet-15664	46	1	the	the	DET
cet-15664	46	2	key	key	ADJ
cet-15664	46	3	outcome	outcome	NOUN
cet-15664	46	4	variable	variable	NOUN
cet-15664	46	5	is	be	AUX
cet-15664	46	6	the	the	DET
cet-15664	46	7	firm	firm	ADJ
cet-15664	46	8	-	-	PUNCT
cet-15664	46	9	level	level	NOUN
cet-15664	46	10	environmental	environmental	ADJ
cet-15664	46	11	score	score	NOUN
cet-15664	46	12	(	(	PUNCT
cet-15664	46	13	e	e	NOUN
cet-15664	46	14	-	-	NOUN
cet-15664	46	15	score	score	NOUN
cet-15664	46	16	)	)	PUNCT
cet-15664	46	17	,	,	PUNCT
cet-15664	46	18	a	a	DET
cet-15664	46	19	composite	composite	ADJ
cet-15664	46	20	index	index	NOUN
cet-15664	46	21	(	(	PUNCT
cet-15664	46	22	0–100	0–100	NUM
cet-15664	46	23	)	)	PUNCT
cet-15664	46	24	reflecting	reflect	VERB
cet-15664	46	25	compliance	compliance	NOUN
cet-15664	46	26	,	,	PUNCT
cet-15664	46	27	emissions	emission	NOUN
cet-15664	46	28	,	,	PUNCT
cet-15664	46	29	waste	waste	NOUN
cet-15664	46	30	management	management	NOUN
cet-15664	46	31	,	,	PUNCT
cet-15664	46	32	and	and	CCONJ
cet-15664	46	33	environmental	environmental	ADJ
cet-15664	46	34	disclosure	disclosure	NOUN
cet-15664	46	35	quality	quality	NOUN
cet-15664	46	36	.	.	PUNCT
cet-15664	47	1	the	the	DET
cet-15664	47	2	primary	primary	ADJ
cet-15664	47	3	explanatory	explanatory	ADJ
cet-15664	47	4	variable	variable	NOUN
cet-15664	47	5	,	,	PUNCT
cet-15664	47	6	green	green	ADJ
cet-15664	47	7	investment	investment	NOUN
cet-15664	47	8	(	(	PUNCT
cet-15664	47	9	gi	gi	NOUN
cet-15664	47	10	)	)	PUNCT
cet-15664	47	11	,	,	PUNCT
cet-15664	47	12	is	be	AUX
cet-15664	47	13	defined	define	VERB
cet-15664	47	14	as	as	ADP
cet-15664	47	15	annual	annual	ADJ
cet-15664	47	16	capital	capital	NOUN
cet-15664	47	17	expenditures	expenditure	NOUN
cet-15664	47	18	specifically	specifically	ADV
cet-15664	47	19	earmarked	earmark	VERB
cet-15664	47	20	for	for	ADP
cet-15664	47	21	environmental	environmental	ADJ
cet-15664	47	22	technologies	technology	NOUN
cet-15664	47	23	and	and	CCONJ
cet-15664	47	24	pollution‑control	pollution‑control	NOUN
cet-15664	47	25	projects	project	NOUN
cet-15664	47	26	,	,	PUNCT
cet-15664	47	27	identified	identify	VERB
cet-15664	47	28	from	from	ADP
cet-15664	47	29	corporate	corporate	ADJ
cet-15664	47	30	annual	annual	ADJ
cet-15664	47	31	reports	report	NOUN
cet-15664	47	32	using	use	VERB
cet-15664	47	33	an	an	DET
cet-15664	47	34	nlp‑assisted	nlp‑assiste	VERB
cet-15664	47	35	keyword‑matching	keyword‑matching	NOUN
cet-15664	47	36	algorithm	algorithm	NOUN
cet-15664	47	37	.	.	PUNCT
cet-15664	48	1	gi	gi	NOUN
cet-15664	48	2	values	value	NOUN
cet-15664	48	3	are	be	AUX
cet-15664	48	4	log	log	NOUN
cet-15664	48	5	-	-	PUNCT
cet-15664	48	6	transformed	transform	VERB
cet-15664	48	7	for	for	ADP
cet-15664	48	8	elasticity	elasticity	NOUN
cet-15664	48	9	-	-	PUNCT
cet-15664	48	10	based	base	VERB
cet-15664	48	11	interpretation	interpretation	NOUN
cet-15664	48	12	.	.	PUNCT
cet-15664	49	1	control	control	NOUN
cet-15664	49	2	variables	variable	NOUN
cet-15664	49	3	include	include	VERB
cet-15664	49	4	firm	firm	ADJ
cet-15664	49	5	size	size	NOUN
cet-15664	49	6	,	,	PUNCT
cet-15664	49	7	profitability	profitability	NOUN
cet-15664	49	8	,	,	PUNCT
cet-15664	49	9	leverage	leverage	NOUN
cet-15664	49	10	,	,	PUNCT
cet-15664	49	11	age	age	NOUN
cet-15664	49	12	,	,	PUNCT
cet-15664	49	13	and	and	CCONJ
cet-15664	49	14	state	state	NOUN
cet-15664	49	15	ownership	ownership	NOUN
cet-15664	49	16	status	status	NOUN
cet-15664	49	17	,	,	PUNCT
cet-15664	49	18	accounting	account	VERB
cet-15664	49	19	for	for	ADP
cet-15664	49	20	firm	firm	ADJ
cet-15664	49	21	capacity	capacity	NOUN
cet-15664	49	22	,	,	PUNCT
cet-15664	49	23	life	life	NOUN
cet-15664	49	24	cycle	cycle	NOUN
cet-15664	49	25	,	,	PUNCT
cet-15664	49	26	and	and	CCONJ
cet-15664	49	27	policy	policy	NOUN
cet-15664	49	28	heterogeneity	heterogeneity	NOUN
cet-15664	49	29	.	.	PUNCT
cet-15664	50	1	table	table	NOUN
cet-15664	50	2	1	1	NUM
cet-15664	50	3	summarizes	summarize	NOUN
cet-15664	50	4	all	all	DET
cet-15664	50	5	variables	variable	NOUN
cet-15664	50	6	and	and	CCONJ
cet-15664	50	7	measurements	measurement	NOUN
cet-15664	50	8	.	.	PUNCT
cet-15664	51	1	table	table	NOUN
cet-15664	51	2	1	1	NUM
cet-15664	51	3	:	:	PUNCT
cet-15664	51	4	variable	variable	ADJ
cet-15664	51	5	classification	classification	NOUN
cet-15664	51	6	and	and	CCONJ
cet-15664	51	7	description	description	NOUN
cet-15664	51	8	type	type	NOUN
cet-15664	51	9	variable	variable	ADJ
cet-15664	51	10	definition	definition	NOUN
cet-15664	51	11	/	/	SYM
cet-15664	51	12	measurement	measurement	NOUN
cet-15664	51	13	dependent	dependent	ADJ
cet-15664	51	14	e	e	NOUN
cet-15664	51	15	-	-	ADJ
cet-15664	51	16	score	score	ADJ
cet-15664	51	17	environmental	environmental	ADJ
cet-15664	51	18	score	score	NOUN
cet-15664	51	19	(	(	PUNCT
cet-15664	51	20	huazheng	huazheng	NOUN
cet-15664	51	21	):	):	PUNCT
cet-15664	51	22	proxy	proxy	NOUN
cet-15664	51	23	for	for	ADP
cet-15664	51	24	firm	firm	ADJ
cet-15664	51	25	-	-	PUNCT
cet-15664	51	26	level	level	NOUN
cet-15664	51	27	environmental	environmental	ADJ
cet-15664	51	28	performance	performance	NOUN
cet-15664	51	29	;	;	PUNCT
cet-15664	51	30	range	range	NOUN
cet-15664	51	31	:	:	PUNCT
cet-15664	51	32	0–100	0–100	NUM
cet-15664	51	33	independent	independent	ADJ
cet-15664	51	34	gi	gi	X
cet-15664	51	35	green	green	PROPN
cet-15664	51	36	investment	investment	NOUN
cet-15664	51	37	(	(	PUNCT
cet-15664	51	38	ln	ln	ADJ
cet-15664	51	39	of	of	ADP
cet-15664	51	40	annual	annual	ADJ
cet-15664	51	41	capital	capital	NOUN
cet-15664	51	42	expenditures	expenditure	NOUN
cet-15664	51	43	on	on	ADP
cet-15664	51	44	environmental	environmental	ADJ
cet-15664	51	45	projects	project	NOUN
cet-15664	51	46	,	,	PUNCT
cet-15664	51	47	in	in	ADP
cet-15664	51	48	m	m	PROPN
cet-15664	51	49	rmb	rmb	NOUN
cet-15664	51	50	)	)	PUNCT
cet-15664	51	51	control	control	NOUN
cet-15664	51	52	variable	variable	ADJ
cet-15664	51	53	size	size	NOUN
cet-15664	51	54	firm	firm	NOUN
cet-15664	51	55	size	size	NOUN
cet-15664	51	56	(	(	PUNCT
cet-15664	51	57	log	log	NOUN
cet-15664	51	58	of	of	ADP
cet-15664	51	59	total	total	ADJ
cet-15664	51	60	assets	asset	NOUN
cet-15664	51	61	)	)	PUNCT
cet-15664	51	62	roa	roa	NOUN
cet-15664	51	63	profitability	profitability	NOUN
cet-15664	51	64	(	(	PUNCT
cet-15664	51	65	return	return	VERB
cet-15664	51	66	on	on	ADP
cet-15664	51	67	assets	asset	NOUN
cet-15664	51	68	,	,	PUNCT
cet-15664	51	69	%	%	INTJ
cet-15664	51	70	)	)	PUNCT
cet-15664	51	71	lev	lev	ADJ
cet-15664	51	72	financial	financial	ADJ
cet-15664	51	73	leverage	leverage	NOUN
cet-15664	51	74	(	(	PUNCT
cet-15664	51	75	total	total	ADJ
cet-15664	51	76	liabilities	liability	NOUN
cet-15664	51	77	/	/	SYM
cet-15664	51	78	total	total	ADJ
cet-15664	51	79	assets	asset	NOUN
cet-15664	51	80	)	)	PUNCT
cet-15664	51	81	age	age	NOUN
cet-15664	51	82	firm	firm	NOUN
cet-15664	51	83	age	age	NOUN
cet-15664	51	84	(	(	PUNCT
cet-15664	51	85	years	year	NOUN
cet-15664	51	86	since	since	SCONJ
cet-15664	51	87	listing	list	VERB
cet-15664	51	88	)	)	PUNCT
cet-15664	51	89	soe	soe	ADJ
cet-15664	51	90	ownership	ownership	NOUN
cet-15664	51	91	type	type	NOUN
cet-15664	51	92	(	(	PUNCT
cet-15664	51	93	1	1	NUM
cet-15664	51	94	=	=	NOUN
cet-15664	51	95	state	state	NOUN
cet-15664	51	96	-	-	PUNCT
cet-15664	51	97	owned	own	VERB
cet-15664	51	98	enterprise	enterprise	NOUN
cet-15664	51	99	;	;	PUNCT
cet-15664	51	100	0	0	X
cet-15664	51	101	=	=	SYM
cet-15664	51	102	otherwise	otherwise	ADV
cet-15664	51	103	)	)	PUNCT
cet-15664	51	104	2.3	2.3	NUM
cet-15664	51	105	econometric	econometric	ADJ
cet-15664	51	106	specification	specification	NOUN
cet-15664	51	107	to	to	PART
cet-15664	51	108	generate	generate	VERB
cet-15664	51	109	input	input	NOUN
cet-15664	51	110	parameters	parameter	NOUN
cet-15664	51	111	for	for	ADP
cet-15664	51	112	optimization	optimization	NOUN
cet-15664	51	113	,	,	PUNCT
cet-15664	51	114	we	we	PRON
cet-15664	51	115	first	first	ADV
cet-15664	51	116	estimate	estimate	VERB
cet-15664	51	117	the	the	DET
cet-15664	51	118	sector‑specific	sector‑specific	NOUN
cet-15664	51	119	marginal	marginal	ADJ
cet-15664	51	120	environmental	environmental	ADJ
cet-15664	51	121	return	return	NOUN
cet-15664	51	122	(	(	PUNCT
cet-15664	51	123	𝛽	𝛽	NOUN
cet-15664	51	124	)	)	PUNCT
cet-15664	51	125	of	of	ADP
cet-15664	51	126	green	green	ADJ
cet-15664	51	127	investment	investment	NOUN
cet-15664	51	128	using	use	VERB
cet-15664	51	129	fixed	fix	VERB
cet-15664	51	130	-	-	PUNCT
cet-15664	51	131	effects	effect	NOUN
cet-15664	51	132	panel	panel	NOUN
cet-15664	51	133	regression	regression	NOUN
cet-15664	51	134	.	.	PUNCT
cet-15664	52	1	the	the	DET
cet-15664	52	2	model	model	NOUN
cet-15664	52	3	is	be	AUX
cet-15664	52	4	specified	specify	VERB
cet-15664	52	5	as	as	SCONJ
cet-15664	52	6	follows	follow	VERB
cet-15664	52	7	:	:	PUNCT
cet-15664	52	8	𝐸_𝑆𝑐𝑜𝑟𝑒𝑖,𝑡	𝐸_𝑆𝑐𝑜𝑟𝑒𝑖,𝑡	PROPN
cet-15664	52	9	=	=	SYM
cet-15664	52	10	𝛼	𝛼	NOUN
cet-15664	52	11	+	+	X
cet-15664	52	12	𝛽𝐺𝐼𝑖,𝑡	𝛽𝐺𝐼𝑖,𝑡	X
cet-15664	52	13	+	+	NUM
cet-15664	52	14	𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑖,𝑡	𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑖,𝑡	ADJ
cet-15664	52	15	+	+	CCONJ
cet-15664	52	16	𝐼𝑑	𝐼𝑑	PROPN
cet-15664	52	17	+	+	CCONJ
cet-15664	52	18	𝑌𝑒𝑎𝑟	𝑌𝑒𝑎𝑟	NOUN
cet-15664	52	19	+	+	NOUN
cet-15664	52	20	𝜖𝑖,𝑡	𝜖𝑖,𝑡	X
cet-15664	52	21	(	(	PUNCT
cet-15664	52	22	1	1	NUM
cet-15664	52	23	)	)	PUNCT
cet-15664	52	24	where	where	SCONJ
cet-15664	52	25	𝐸_𝑆𝑐𝑜𝑟𝑒𝑖,𝑡	𝐸_𝑆𝑐𝑜𝑟𝑒𝑖,𝑡	PROPN
cet-15664	52	26	refers	refer	VERB
cet-15664	52	27	to	to	ADP
cet-15664	52	28	the	the	DET
cet-15664	52	29	environmental	environmental	ADJ
cet-15664	52	30	(	(	PUNCT
cet-15664	52	31	e	e	NOUN
cet-15664	52	32	)	)	PUNCT
cet-15664	52	33	score	score	NOUN
cet-15664	52	34	of	of	ADP
cet-15664	52	35	firm	firm	ADJ
cet-15664	52	36	𝑖	𝑖	SYM
cet-15664	52	37	in	in	ADP
cet-15664	52	38	year	year	NOUN
cet-15664	52	39	𝑡	𝑡	PROPN
cet-15664	52	40	,	,	PUNCT
cet-15664	52	41	serving	serve	VERB
cet-15664	52	42	as	as	ADP
cet-15664	52	43	the	the	DET
cet-15664	52	44	dependent	dependent	ADJ
cet-15664	52	45	variable	variable	NOUN
cet-15664	52	46	.	.	PUNCT
cet-15664	53	1	𝐺𝐼𝑖,𝑡	𝐺𝐼𝑖,𝑡	NUM
cet-15664	53	2	is	be	AUX
cet-15664	53	3	the	the	DET
cet-15664	53	4	log	log	NOUN
cet-15664	53	5	-	-	PUNCT
cet-15664	53	6	transformed	transform	VERB
cet-15664	53	7	green	green	ADJ
cet-15664	53	8	investment	investment	NOUN
cet-15664	53	9	expenditure	expenditure	NOUN
cet-15664	53	10	,	,	PUNCT
cet-15664	53	11	allowing	allow	VERB
cet-15664	53	12	for	for	ADP
cet-15664	53	13	elasticity‑based	elasticity‑based	ADJ
cet-15664	53	14	interpretation	interpretation	NOUN
cet-15664	53	15	of	of	ADP
cet-15664	53	16	β	β	PROPN
cet-15664	53	17	as	as	ADP
cet-15664	53	18	the	the	DET
cet-15664	53	19	percentage	percentage	NOUN
cet-15664	53	20	change	change	NOUN
cet-15664	53	21	in	in	ADP
cet-15664	53	22	e‑score	e‑score	NOUN
cet-15664	53	23	per	per	ADP
cet-15664	53	24	1	1	NUM
cet-15664	53	25	%	%	NOUN
cet-15664	53	26	increase	increase	NOUN
cet-15664	53	27	in	in	ADP
cet-15664	53	28	gi	gi	NOUN
cet-15664	53	29	.	.	PUNCT
cet-15664	54	1	the	the	DET
cet-15664	54	2	control	control	PROPN
cet-15664	54	3	vector	vector	PROPN
cet-15664	54	4	𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑖,𝑡	𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑖,𝑡	X
cet-15664	54	5	includes	include	VERB
cet-15664	54	6	firm	firm	ADJ
cet-15664	54	7	size	size	NOUN
cet-15664	54	8	,	,	PUNCT
cet-15664	54	9	roa	roa	NOUN
cet-15664	54	10	,	,	PUNCT
cet-15664	54	11	leverage	leverage	NOUN
cet-15664	54	12	,	,	PUNCT
cet-15664	54	13	age	age	NOUN
cet-15664	54	14	,	,	PUNCT
cet-15664	54	15	and	and	CCONJ
cet-15664	54	16	ownership	ownership	NOUN
cet-15664	54	17	type	type	NOUN
cet-15664	54	18	.	.	PUNCT
cet-15664	55	1	fixed	fix	VERB
cet-15664	55	2	effects	effect	NOUN
cet-15664	55	3	i	i	PROPN
cet-15664	55	4	d	d	PROPN
cet-15664	55	5	and	and	CCONJ
cet-15664	55	6	year	year	NOUN
cet-15664	55	7	absorb	absorb	VERB
cet-15664	55	8	time	time	NOUN
cet-15664	55	9	-	-	PUNCT
cet-15664	55	10	invariant	invariant	ADJ
cet-15664	55	11	firm	firm	ADJ
cet-15664	55	12	traits	trait	NOUN
cet-15664	55	13	and	and	CCONJ
cet-15664	55	14	common	common	ADJ
cet-15664	55	15	temporal	temporal	ADJ
cet-15664	55	16	influences	influence	NOUN
cet-15664	55	17	.	.	PUNCT
cet-15664	56	1	standard	standard	ADJ
cet-15664	56	2	errors	error	NOUN
cet-15664	56	3	are	be	AUX
cet-15664	56	4	clustered	cluster	VERB
cet-15664	56	5	at	at	ADP
cet-15664	56	6	the	the	DET
cet-15664	56	7	firm	firm	ADJ
cet-15664	56	8	level	level	NOUN
cet-15664	56	9	to	to	PART
cet-15664	56	10	account	account	VERB
cet-15664	56	11	for	for	ADP
cet-15664	56	12	within‑firm	within‑firm	PROPN
cet-15664	56	13	autocorrelation	autocorrelation	NOUN
cet-15664	56	14	.	.	PUNCT
cet-15664	57	1	to	to	PART
cet-15664	57	2	capture	capture	VERB
cet-15664	57	3	structural	structural	ADJ
cet-15664	57	4	heterogeneity	heterogeneity	NOUN
cet-15664	57	5	,	,	PUNCT
cet-15664	57	6	this	this	DET
cet-15664	57	7	research	research	NOUN
cet-15664	57	8	categorizes	categorize	VERB
cet-15664	57	9	firms	firm	NOUN
cet-15664	57	10	into	into	ADP
cet-15664	57	11	capital-	capital-	NUM
cet-15664	57	12	,	,	PUNCT
cet-15664	57	13	technology-	technology-	ADJ
cet-15664	57	14	,	,	PUNCT
cet-15664	57	15	and	and	CCONJ
cet-15664	57	16	labor	labor	NOUN
cet-15664	57	17	-	-	PUNCT
cet-15664	57	18	intensive	intensive	ADJ
cet-15664	57	19	sectors	sector	NOUN
cet-15664	57	20	based	base	VERB
cet-15664	57	21	on	on	ADP
cet-15664	57	22	the	the	DET
cet-15664	57	23	intensity	intensity	NOUN
cet-15664	57	24	of	of	ADP
cet-15664	57	25	their	their	PRON
cet-15664	57	26	production	production	NOUN
cet-15664	57	27	factors	factor	NOUN
cet-15664	57	28	.	.	PUNCT
cet-15664	58	1	separate	separate	ADJ
cet-15664	58	2	regressions	regression	NOUN
cet-15664	58	3	yield	yield	VERB
cet-15664	58	4	sector	sector	NOUN
cet-15664	58	5	-	-	PUNCT
cet-15664	58	6	specific	specific	ADJ
cet-15664	58	7	β	β	NOUN
cet-15664	58	8	coefficients	coefficient	NOUN
cet-15664	58	9	,	,	PUNCT
cet-15664	58	10	which	which	PRON
cet-15664	58	11	are	be	AUX
cet-15664	58	12	embedded	embed	VERB
cet-15664	58	13	into	into	ADP
cet-15664	58	14	the	the	DET
cet-15664	58	15	p	p	NOUN
cet-15664	58	16	-	-	PUNCT
cet-15664	58	17	graph	graph	NOUN
cet-15664	58	18	model	model	NOUN
cet-15664	58	19	to	to	PART
cet-15664	58	20	support	support	VERB
cet-15664	58	21	capital	capital	NOUN
cet-15664	58	22	allocation	allocation	NOUN
cet-15664	58	23	decisions	decision	NOUN
cet-15664	58	24	.	.	PUNCT
cet-15664	59	1	2.4	2.4	NUM
cet-15664	59	2	p	p	ADJ
cet-15664	59	3	-	-	PUNCT
cet-15664	59	4	graph	graph	NOUN
cet-15664	59	5	optimization	optimization	NOUN
cet-15664	59	6	model	model	NOUN
cet-15664	59	7	this	this	DET
cet-15664	59	8	research	research	NOUN
cet-15664	59	9	employs	employ	VERB
cet-15664	59	10	a	a	DET
cet-15664	59	11	p	p	ADJ
cet-15664	59	12	-	-	PUNCT
cet-15664	59	13	graph	graph	NOUN
cet-15664	59	14	-	-	PUNCT
cet-15664	59	15	based	base	VERB
cet-15664	59	16	optimization	optimization	NOUN
cet-15664	59	17	model	model	NOUN
cet-15664	59	18	to	to	PART
cet-15664	59	19	determine	determine	VERB
cet-15664	59	20	the	the	DET
cet-15664	59	21	optimal	optimal	ADJ
cet-15664	59	22	allocation	allocation	NOUN
cet-15664	59	23	of	of	ADP
cet-15664	59	24	limited	limited	ADJ
cet-15664	59	25	green	green	ADJ
cet-15664	59	26	capital	capital	NOUN
cet-15664	59	27	across	across	ADP
cet-15664	59	28	various	various	ADJ
cet-15664	59	29	industrial	industrial	ADJ
cet-15664	59	30	sectors	sector	NOUN
cet-15664	59	31	.	.	PUNCT
cet-15664	60	1	each	each	DET
cet-15664	60	2	sector	sector	NOUN
cet-15664	60	3	,	,	PUNCT
cet-15664	60	4	capital	capital	NOUN
cet-15664	60	5	-	-	PUNCT
cet-15664	60	6	intensive	intensive	ADJ
cet-15664	60	7	,	,	PUNCT
cet-15664	60	8	technology	technology	NOUN
cet-15664	60	9	-	-	PUNCT
cet-15664	60	10	intensive	intensive	ADJ
cet-15664	60	11	,	,	PUNCT
cet-15664	60	12	and	and	CCONJ
cet-15664	60	13	laborintensive	laborintensive	ADJ
cet-15664	60	14	,	,	PUNCT
cet-15664	60	15	is	be	AUX
cet-15664	60	16	modelled	model	VERB
cet-15664	60	17	as	as	ADP
cet-15664	60	18	an	an	DET
cet-15664	60	19	operating	operating	NOUN
cet-15664	60	20	unit	unit	NOUN
cet-15664	60	21	that	that	PRON
cet-15664	60	22	consumes	consume	VERB
cet-15664	60	23	green	green	ADJ
cet-15664	60	24	capital	capital	NOUN
cet-15664	60	25	and	and	CCONJ
cet-15664	60	26	generates	generate	VERB
cet-15664	60	27	environmental	environmental	ADJ
cet-15664	60	28	output	output	NOUN
cet-15664	60	29	based	base	VERB
cet-15664	60	30	on	on	ADP
cet-15664	60	31	its	its	PRON
cet-15664	60	32	estimated	estimate	VERB
cet-15664	60	33	marginal	marginal	ADJ
cet-15664	60	34	return	return	NOUN
cet-15664	60	35	β	β	NOUN
cet-15664	60	36	.	.	PUNCT
cet-15664	61	1	the	the	DET
cet-15664	61	2	optimization	optimization	NOUN
cet-15664	61	3	objective	objective	NOUN
cet-15664	61	4	is	be	AUX
cet-15664	61	5	:	:	PUNCT
cet-15664	61	6	maximize	maximize	VERB
cet-15664	61	7	𝐸𝑆𝐺_𝐸_𝑇𝑜𝑡𝑎𝑙	𝐸𝑆𝐺_𝐸_𝑇𝑜𝑡𝑎𝑙	NOUN
cet-15664	61	8	=	=	SYM
cet-15664	61	9	∑	∑	ADP
cet-15664	61	10	𝛽𝑖	𝛽𝑖	VERB
cet-15664	61	11	×	×	NOUN
cet-15664	61	12	𝑥𝑖	𝑥𝑖	ADP
cet-15664	61	13	3	3	NUM
cet-15664	61	14	𝑖=1	𝑖=1	PROPN
cet-15664	61	15	,	,	PUNCT
cet-15664	61	16	subject	subject	ADJ
cet-15664	61	17	to	to	ADP
cet-15664	61	18	∑	∑	PROPN
cet-15664	61	19	𝑥𝑖	𝑥𝑖	PROPN
cet-15664	61	20	3	3	NUM
cet-15664	61	21	𝑖=1	𝑖=1	PROPN
cet-15664	61	22	≤	≤	PROPN
cet-15664	61	23	𝐵	𝐵	PROPN
cet-15664	61	24	,	,	PUNCT
cet-15664	61	25	𝑥𝑖	𝑥𝑖	PRON
cet-15664	61	26	≥	≥	NOUN
cet-15664	61	27	0	0	NUM
cet-15664	62	1	𝑓𝑜𝑟	𝑓𝑜𝑟	ADV
cet-15664	62	2	𝑎𝑙𝑙	𝑎𝑙𝑙	X
cet-15664	62	3	𝑖	𝑖	SYM
cet-15664	62	4	∈	∈	PROPN
cet-15664	62	5	{	{	PUNCT
cet-15664	62	6	1,2,3	1,2,3	NOUN
cet-15664	62	7	}	}	PUNCT
cet-15664	62	8	(	(	PUNCT
cet-15664	62	9	2	2	X
cet-15664	62	10	)	)	PUNCT
cet-15664	62	11	where	where	SCONJ
cet-15664	62	12	𝑥ᵢ	𝑥ᵢ	PROPN
cet-15664	62	13	denotes	denote	VERB
cet-15664	62	14	the	the	DET
cet-15664	62	15	amount	amount	NOUN
cet-15664	62	16	of	of	ADP
cet-15664	62	17	green	green	ADJ
cet-15664	62	18	investment	investment	NOUN
cet-15664	62	19	allocated	allocate	VERB
cet-15664	62	20	to	to	ADP
cet-15664	62	21	sector	sector	NOUN
cet-15664	62	22	𝑖	𝑖	ADP
cet-15664	62	23	,	,	PUNCT
cet-15664	62	24	βᵢ	βᵢ	NOUN
cet-15664	62	25	represents	represent	VERB
cet-15664	62	26	the	the	DET
cet-15664	62	27	estimated	estimate	VERB
cet-15664	62	28	marginal	marginal	ADJ
cet-15664	62	29	return	return	NOUN
cet-15664	62	30	of	of	ADP
cet-15664	62	31	that	that	DET
cet-15664	62	32	sector	sector	NOUN
cet-15664	62	33	,	,	PUNCT
cet-15664	62	34	and	and	CCONJ
cet-15664	62	35	𝐵	𝐵	NOUN
cet-15664	62	36	is	be	AUX
cet-15664	62	37	the	the	DET
cet-15664	62	38	total	total	ADJ
cet-15664	62	39	available	available	ADJ
cet-15664	62	40	green	green	ADJ
cet-15664	62	41	investment	investment	NOUN
cet-15664	62	42	budget	budget	NOUN
cet-15664	62	43	.	.	PUNCT
cet-15664	63	1	the	the	DET
cet-15664	63	2	model	model	NOUN
cet-15664	63	3	is	be	AUX
cet-15664	63	4	implemented	implement	VERB
cet-15664	63	5	in	in	ADP
cet-15664	63	6	p‑graph	p‑graph	NOUN
cet-15664	63	7	studio	studio	NOUN
cet-15664	63	8	v5.2	v5.2	NOUN
cet-15664	63	9	and	and	CCONJ
cet-15664	63	10	then	then	ADV
cet-15664	63	11	identifies	identify	VERB
cet-15664	63	12	the	the	DET
cet-15664	63	13	globally	globally	ADV
cet-15664	63	14	optimal	optimal	ADJ
cet-15664	63	15	allocation	allocation	NOUN
cet-15664	63	16	strategy	strategy	NOUN
cet-15664	63	17	.	.	PUNCT
cet-15664	64	1	compared	compare	VERB
cet-15664	64	2	to	to	ADP
cet-15664	64	3	conventional	conventional	ADJ
cet-15664	64	4	linear	linear	NOUN
cet-15664	64	5	or	or	CCONJ
cet-15664	64	6	integer	integer	NOUN
cet-15664	64	7	programming	programming	NOUN
cet-15664	64	8	,	,	PUNCT
cet-15664	64	9	the	the	DET
cet-15664	64	10	p	p	NOUN
cet-15664	64	11	-	-	PUNCT
cet-15664	64	12	graph	graph	NOUN
cet-15664	64	13	supports	support	VERB
cet-15664	64	14	combinatorial	combinatorial	ADJ
cet-15664	64	15	completeness	completeness	NOUN
cet-15664	64	16	,	,	PUNCT
cet-15664	64	17	enabling	enable	VERB
cet-15664	64	18	the	the	DET
cet-15664	64	19	exhaustive	exhaustive	ADJ
cet-15664	64	20	screening	screening	NOUN
cet-15664	64	21	of	of	ADP
cet-15664	64	22	portfolios	portfolio	NOUN
cet-15664	64	23	and	and	CCONJ
cet-15664	64	24	the	the	DET
cet-15664	64	25	maximization	maximization	NOUN
cet-15664	64	26	of	of	ADP
cet-15664	64	27	performance	performance	NOUN
cet-15664	64	28	.	.	PUNCT
cet-15664	65	1	it	it	PRON
cet-15664	65	2	accommodates	accommodate	VERB
cet-15664	65	3	both	both	CCONJ
cet-15664	65	4	discrete	discrete	ADJ
cet-15664	65	5	and	and	CCONJ
cet-15664	65	6	continuous	continuous	ADJ
cet-15664	65	7	allocation	allocation	NOUN
cet-15664	65	8	schemes	scheme	NOUN
cet-15664	65	9	,	,	PUNCT
cet-15664	65	10	ensuring	ensure	VERB
cet-15664	65	11	that	that	SCONJ
cet-15664	65	12	the	the	DET
cet-15664	65	13	selected	select	VERB
cet-15664	65	14	investment	investment	NOUN
cet-15664	65	15	configuration	configuration	NOUN
cet-15664	65	16	is	be	AUX
cet-15664	65	17	globally	globally	ADV
cet-15664	65	18	optimal	optimal	ADJ
cet-15664	65	19	under	under	ADP
cet-15664	65	20	empirical	empirical	ADJ
cet-15664	65	21	returns	return	NOUN
cet-15664	65	22	and	and	CCONJ
cet-15664	65	23	resource	resource	NOUN
cet-15664	65	24	constraints	constraint	NOUN
cet-15664	65	25	.	.	PUNCT
cet-15664	66	1	231	231	NUM
cet-15664	66	2	3	3	NUM
cet-15664	66	3	.	.	PUNCT
cet-15664	67	1	empirical	empirical	ADJ
cet-15664	67	2	analysis	analysis	NOUN
cet-15664	67	3	and	and	CCONJ
cet-15664	67	4	optimization	optimization	NOUN
cet-15664	67	5	results	result	VERB
cet-15664	67	6	3.1	3.1	NUM
cet-15664	67	7	main	main	ADJ
cet-15664	67	8	regression	regression	NOUN
cet-15664	67	9	results	result	NOUN
cet-15664	67	10	:	:	PUNCT
cet-15664	67	11	green	green	ADJ
cet-15664	67	12	investment	investment	NOUN
cet-15664	67	13	and	and	CCONJ
cet-15664	67	14	environmental	environmental	ADJ
cet-15664	67	15	performance	performance	NOUN
cet-15664	67	16	the	the	DET
cet-15664	67	17	empirical	empirical	ADJ
cet-15664	67	18	analysis	analysis	NOUN
cet-15664	67	19	begins	begin	VERB
cet-15664	67	20	by	by	ADP
cet-15664	67	21	estimating	estimate	VERB
cet-15664	67	22	the	the	DET
cet-15664	67	23	effect	effect	NOUN
cet-15664	67	24	of	of	ADP
cet-15664	67	25	corporate	corporate	ADJ
cet-15664	67	26	green	green	ADJ
cet-15664	67	27	investment	investment	NOUN
cet-15664	67	28	on	on	ADP
cet-15664	67	29	firm	firm	ADJ
cet-15664	67	30	-	-	PUNCT
cet-15664	67	31	level	level	NOUN
cet-15664	67	32	environmental	environmental	ADJ
cet-15664	67	33	performance	performance	NOUN
cet-15664	67	34	.	.	PUNCT
cet-15664	68	1	column	column	NOUN
cet-15664	68	2	(	(	PUNCT
cet-15664	68	3	1	1	X
cet-15664	68	4	)	)	PUNCT
cet-15664	68	5	of	of	ADP
cet-15664	68	6	table	table	NOUN
cet-15664	68	7	2	2	NUM
cet-15664	68	8	reports	report	VERB
cet-15664	68	9	the	the	DET
cet-15664	68	10	baseline	baseline	ADJ
cet-15664	68	11	fixed	fix	VERB
cet-15664	68	12	-	-	PUNCT
cet-15664	68	13	effects	effect	NOUN
cet-15664	68	14	regression	regression	NOUN
cet-15664	68	15	,	,	PUNCT
cet-15664	68	16	showing	show	VERB
cet-15664	68	17	that	that	PRON
cet-15664	68	18	green	green	ADJ
cet-15664	68	19	investment	investment	NOUN
cet-15664	68	20	(	(	PUNCT
cet-15664	68	21	gi	gi	INTJ
cet-15664	68	22	)	)	PUNCT
cet-15664	68	23	has	have	VERB
cet-15664	68	24	a	a	DET
cet-15664	68	25	positive	positive	ADJ
cet-15664	68	26	and	and	CCONJ
cet-15664	68	27	statistically	statistically	ADV
cet-15664	68	28	significant	significant	ADJ
cet-15664	68	29	impact	impact	NOUN
cet-15664	68	30	on	on	ADP
cet-15664	68	31	esg	esg	PROPN
cet-15664	68	32	-	-	PUNCT
cet-15664	68	33	e	e	NOUN
cet-15664	68	34	scores	score	NOUN
cet-15664	68	35	(	(	PUNCT
cet-15664	68	36	β	β	X
cet-15664	68	37	=	=	SYM
cet-15664	68	38	0.101	0.101	NUM
cet-15664	68	39	,	,	PUNCT
cet-15664	68	40	p	p	X
cet-15664	68	41	<	<	X
cet-15664	68	42	0.05	0.05	NUM
cet-15664	68	43	)	)	PUNCT
cet-15664	68	44	.	.	PUNCT
cet-15664	69	1	interpreted	interpret	VERB
cet-15664	69	2	in	in	ADP
cet-15664	69	3	elasticity	elasticity	NOUN
cet-15664	69	4	terms	term	NOUN
cet-15664	69	5	,	,	PUNCT
cet-15664	69	6	a	a	DET
cet-15664	69	7	1	1	NUM
cet-15664	69	8	%	%	NOUN
cet-15664	69	9	increase	increase	NOUN
cet-15664	69	10	in	in	ADP
cet-15664	69	11	green	green	ADJ
cet-15664	69	12	investment	investment	NOUN
cet-15664	69	13	intensity	intensity	NOUN
cet-15664	69	14	corresponds	correspond	VERB
cet-15664	69	15	to	to	ADP
cet-15664	69	16	a	a	DET
cet-15664	69	17	0.101	0.101	NUM
cet-15664	69	18	%	%	NOUN
cet-15664	69	19	improvement	improvement	NOUN
cet-15664	69	20	in	in	ADP
cet-15664	69	21	the	the	DET
cet-15664	69	22	environmental	environmental	ADJ
cet-15664	69	23	score	score	NOUN
cet-15664	69	24	,	,	PUNCT
cet-15664	69	25	reinforcing	reinforce	VERB
cet-15664	69	26	the	the	DET
cet-15664	69	27	efficiency	efficiency	NOUN
cet-15664	69	28	-	-	PUNCT
cet-15664	69	29	enhancing	enhance	VERB
cet-15664	69	30	role	role	NOUN
cet-15664	69	31	of	of	ADP
cet-15664	69	32	targeted	target	VERB
cet-15664	69	33	green	green	ADJ
cet-15664	69	34	spending	spending	NOUN
cet-15664	69	35	.	.	PUNCT
cet-15664	70	1	robustness	robustness	NOUN
cet-15664	70	2	checks	check	NOUN
cet-15664	70	3	using	use	VERB
cet-15664	70	4	logit	logit	PROPN
cet-15664	70	5	and	and	CCONJ
cet-15664	70	6	quantile	quantile	ADJ
cet-15664	70	7	regressions	regression	NOUN
cet-15664	70	8	(	(	PUNCT
cet-15664	70	9	columns	column	NOUN
cet-15664	70	10	2–5	2–5	NOUN
cet-15664	70	11	)	)	PUNCT
cet-15664	70	12	confirm	confirm	VERB
cet-15664	70	13	the	the	DET
cet-15664	70	14	consistency	consistency	NOUN
cet-15664	70	15	of	of	ADP
cet-15664	70	16	this	this	DET
cet-15664	70	17	effect	effect	NOUN
cet-15664	70	18	.	.	PUNCT
cet-15664	71	1	notably	notably	ADV
cet-15664	71	2	,	,	PUNCT
cet-15664	71	3	the	the	DET
cet-15664	71	4	impact	impact	NOUN
cet-15664	71	5	is	be	AUX
cet-15664	71	6	more	more	ADV
cet-15664	71	7	substantial	substantial	ADJ
cet-15664	71	8	among	among	ADP
cet-15664	71	9	firms	firm	NOUN
cet-15664	71	10	with	with	ADP
cet-15664	71	11	initially	initially	ADV
cet-15664	71	12	lower	low	ADJ
cet-15664	71	13	esg‑e	esg‑e	PROPN
cet-15664	71	14	scores	score	NOUN
cet-15664	71	15	,	,	PUNCT
cet-15664	71	16	suggesting	suggest	VERB
cet-15664	71	17	that	that	SCONJ
cet-15664	71	18	marginal	marginal	ADJ
cet-15664	71	19	gains	gain	NOUN
cet-15664	71	20	are	be	AUX
cet-15664	71	21	most	most	ADV
cet-15664	71	22	significant	significant	ADJ
cet-15664	71	23	where	where	SCONJ
cet-15664	71	24	baseline	baseline	ADJ
cet-15664	71	25	environmental	environmental	ADJ
cet-15664	71	26	performance	performance	NOUN
cet-15664	71	27	is	be	AUX
cet-15664	71	28	weaker	weak	ADJ
cet-15664	71	29	.	.	PUNCT
cet-15664	72	1	these	these	DET
cet-15664	72	2	results	result	NOUN
cet-15664	72	3	establish	establish	VERB
cet-15664	72	4	the	the	DET
cet-15664	72	5	reliability	reliability	NOUN
cet-15664	72	6	of	of	ADP
cet-15664	72	7	green	green	ADJ
cet-15664	72	8	investment	investment	NOUN
cet-15664	72	9	as	as	ADP
cet-15664	72	10	a	a	DET
cet-15664	72	11	performance	performance	NOUN
cet-15664	72	12	-	-	PUNCT
cet-15664	72	13	enhancing	enhance	VERB
cet-15664	72	14	strategy	strategy	NOUN
cet-15664	72	15	across	across	ADP
cet-15664	72	16	firm	firm	ADJ
cet-15664	72	17	types	type	NOUN
cet-15664	72	18	and	and	CCONJ
cet-15664	72	19	performance	performance	NOUN
cet-15664	72	20	levels	level	NOUN
cet-15664	72	21	.	.	PUNCT
cet-15664	73	1	table	table	NOUN
cet-15664	73	2	2	2	NUM
cet-15664	73	3	:	:	PUNCT
cet-15664	73	4	main	main	ADJ
cet-15664	73	5	regression	regression	NOUN
cet-15664	73	6	and	and	CCONJ
cet-15664	73	7	robustness	robustness	NOUN
cet-15664	73	8	check	check	NOUN
cet-15664	73	9	results	result	VERB
cet-15664	73	10	main	main	ADJ
cet-15664	73	11	regression	regression	NOUN
cet-15664	73	12	logit	logit	NOUN
cet-15664	73	13	regression	regression	VERB
cet-15664	73	14	quantile	quantile	ADJ
cet-15664	73	15	regression	regression	NOUN
cet-15664	73	16	(	(	PUNCT
cet-15664	73	17	1	1	NUM
cet-15664	73	18	)	)	PUNCT
cet-15664	73	19	25	25	NUM
cet-15664	73	20	%	%	NOUN
cet-15664	73	21	(	(	PUNCT
cet-15664	73	22	2	2	NUM
cet-15664	73	23	)	)	PUNCT
cet-15664	73	24	50	50	NUM
cet-15664	73	25	%	%	NOUN
cet-15664	73	26	(	(	PUNCT
cet-15664	73	27	3	3	NUM
cet-15664	73	28	)	)	PUNCT
cet-15664	73	29	75	75	NUM
cet-15664	73	30	%	%	NOUN
cet-15664	73	31	variables	variable	NOUN
cet-15664	73	32	(	(	PUNCT
cet-15664	73	33	1	1	NUM
cet-15664	73	34	)	)	PUNCT
cet-15664	73	35	huazhegn_e	huazhegn_e	NOUN
cet-15664	73	36	(	(	PUNCT
cet-15664	73	37	2	2	NUM
cet-15664	73	38	)	)	PUNCT
cet-15664	73	39	e_dummy	e_dummy	NOUN
cet-15664	73	40	(	(	PUNCT
cet-15664	73	41	3	3	NUM
cet-15664	73	42	)	)	PUNCT
cet-15664	73	43	huazhegn_e	huazhegn_e	NOUN
cet-15664	73	44	(	(	PUNCT
cet-15664	73	45	4	4	NUM
cet-15664	73	46	)	)	PUNCT
cet-15664	73	47	huazhegn_e	huazhegn_e	NOUN
cet-15664	73	48	(	(	PUNCT
cet-15664	73	49	5	5	NUM
cet-15664	73	50	)	)	PUNCT
cet-15664	73	51	huazhegn_e	huazhegn_e	NOUN
cet-15664	73	52	gi	gi	VERB
cet-15664	73	53	0.101	0.101	NUM
cet-15664	73	54	*	*	PUNCT
cet-15664	73	55	*	*	PUNCT
cet-15664	73	56	0.087	0.087	NUM
cet-15664	73	57	*	*	PUNCT
cet-15664	73	58	*	*	PUNCT
cet-15664	73	59	*	*	NOUN
cet-15664	73	60	0.401	0.401	NUM
cet-15664	73	61	*	*	PUNCT
cet-15664	73	62	*	*	PUNCT
cet-15664	73	63	*	*	PUNCT
cet-15664	73	64	0.363	0.363	NUM
cet-15664	73	65	*	*	PUNCT
cet-15664	73	66	*	*	PUNCT
cet-15664	73	67	*	*	PUNCT
cet-15664	74	1	0.241	0.241	NUM
cet-15664	74	2	*	*	PUNCT
cet-15664	74	3	*	*	PUNCT
cet-15664	74	4	*	*	PUNCT
cet-15664	74	5	(	(	PUNCT
cet-15664	74	6	0.046	0.046	NUM
cet-15664	74	7	)	)	PUNCT
cet-15664	74	8	(	(	PUNCT
cet-15664	74	9	0.014	0.014	NUM
cet-15664	74	10	)	)	PUNCT
cet-15664	74	11	(	(	PUNCT
cet-15664	74	12	0.034	0.034	NUM
cet-15664	74	13	)	)	PUNCT
cet-15664	74	14	(	(	PUNCT
cet-15664	74	15	0.033	0.033	NUM
cet-15664	74	16	)	)	PUNCT
cet-15664	74	17	(	(	PUNCT
cet-15664	74	18	0.041	0.041	NUM
cet-15664	74	19	)	)	PUNCT
cet-15664	74	20	control	control	NOUN
cet-15664	74	21	variables	variable	NOUN
cet-15664	75	1	yes	yes	INTJ
cet-15664	76	1	yes	yes	INTJ
cet-15664	77	1	yes	yes	INTJ
cet-15664	78	1	yes	yes	INTJ
cet-15664	78	2	yes	yes	INTJ
cet-15664	78	3	constant	constant	ADJ
cet-15664	78	4	38.272	38.272	NUM
cet-15664	78	5	*	*	PUNCT
cet-15664	78	6	*	*	PUNCT
cet-15664	78	7	*	*	PUNCT
cet-15664	78	8	-4.862	-4.862	PUNCT
cet-15664	78	9	*	*	PUNCT
cet-15664	78	10	*	*	PUNCT
cet-15664	78	11	*	*	PUNCT
cet-15664	78	12	32.999	32.999	NUM
cet-15664	78	13	*	*	NOUN
cet-15664	78	14	*	*	PUNCT
cet-15664	78	15	*	*	PUNCT
cet-15664	79	1	33.486	33.486	NUM
cet-15664	79	2	*	*	PUNCT
cet-15664	79	3	*	*	PUNCT
cet-15664	79	4	*	*	NOUN
cet-15664	79	5	32.716	32.716	NUM
cet-15664	79	6	*	*	NOUN
cet-15664	79	7	*	*	PUNCT
cet-15664	79	8	*	*	PUNCT
cet-15664	79	9	(	(	PUNCT
cet-15664	79	10	3.787	3.787	NUM
cet-15664	79	11	)	)	PUNCT
cet-15664	79	12	(	(	PUNCT
cet-15664	79	13	0.457	0.457	NUM
cet-15664	79	14	)	)	PUNCT
cet-15664	79	15	(	(	PUNCT
cet-15664	79	16	0.961	0.961	NUM
cet-15664	79	17	)	)	PUNCT
cet-15664	79	18	(	(	PUNCT
cet-15664	79	19	0.927	0.927	NUM
cet-15664	79	20	)	)	PUNCT
cet-15664	79	21	(	(	PUNCT
cet-15664	79	22	1.170	1.170	NUM
cet-15664	79	23	)	)	PUNCT
cet-15664	79	24	year	year	NOUN
cet-15664	80	1	yes	yes	INTJ
cet-15664	81	1	yes	yes	INTJ
cet-15664	82	1	yes	yes	INTJ
cet-15664	83	1	yes	yes	INTJ
cet-15664	84	1	yes	yes	INTJ
cet-15664	85	1	i	i	INTJ
cet-15664	85	2	d	d	NOUN
cet-15664	86	1	yes	yes	INTJ
cet-15664	87	1	yes	yes	INTJ
cet-15664	88	1	yes	yes	INTJ
cet-15664	89	1	yes	yes	INTJ
cet-15664	90	1	yes	yes	INTJ
cet-15664	90	2	observations	observation	NOUN
cet-15664	90	3	40563	40563	NUM
cet-15664	90	4	41176	41176	NUM
cet-15664	90	5	40563	40563	NUM
cet-15664	90	6	40563	40563	NUM
cet-15664	90	7	40563	40563	NUM
cet-15664	90	8	standard	standard	ADJ
cet-15664	90	9	errors	error	NOUN
cet-15664	90	10	in	in	ADP
cet-15664	90	11	parentheses	parenthesis	NOUN
cet-15664	90	12	*	*	PUNCT
cet-15664	90	13	p	p	X
cet-15664	90	14	<	<	X
cet-15664	90	15	0.10	0.10	NUM
cet-15664	90	16	,	,	PUNCT
cet-15664	90	17	*	*	PUNCT
cet-15664	90	18	*	*	PUNCT
cet-15664	91	1	p	p	X
cet-15664	91	2	<	<	X
cet-15664	91	3	0.05	0.05	NUM
cet-15664	91	4	,	,	PUNCT
cet-15664	91	5	*	*	PUNCT
cet-15664	91	6	*	*	PUNCT
cet-15664	91	7	*	*	PUNCT
cet-15664	92	1	p	p	X
cet-15664	92	2	<	<	X
cet-15664	92	3	0.01	0.01	NUM
cet-15664	92	4	3.2	3.2	NUM
cet-15664	92	5	sectoral	sectoral	ADJ
cet-15664	92	6	heterogeneity	heterogeneity	NOUN
cet-15664	92	7	:	:	PUNCT
cet-15664	92	8	differential	differential	ADJ
cet-15664	92	9	returns	return	NOUN
cet-15664	92	10	across	across	ADP
cet-15664	92	11	industries	industry	NOUN
cet-15664	92	12	to	to	PART
cet-15664	92	13	capture	capture	VERB
cet-15664	92	14	structural	structural	ADJ
cet-15664	92	15	heterogeneity	heterogeneity	NOUN
cet-15664	92	16	in	in	ADP
cet-15664	92	17	environmental	environmental	ADJ
cet-15664	92	18	returns	return	NOUN
cet-15664	92	19	on	on	ADP
cet-15664	92	20	green	green	ADJ
cet-15664	92	21	investment	investment	NOUN
cet-15664	92	22	,	,	PUNCT
cet-15664	92	23	this	this	DET
cet-15664	92	24	study	study	NOUN
cet-15664	92	25	segments	segment	VERB
cet-15664	92	26	firms	firm	NOUN
cet-15664	92	27	into	into	ADP
cet-15664	92	28	capital	capital	NOUN
cet-15664	92	29	-	-	PUNCT
cet-15664	92	30	intensive	intensive	ADJ
cet-15664	92	31	,	,	PUNCT
cet-15664	92	32	labor	labor	NOUN
cet-15664	92	33	-	-	PUNCT
cet-15664	92	34	intensive	intensive	ADJ
cet-15664	92	35	,	,	PUNCT
cet-15664	92	36	and	and	CCONJ
cet-15664	92	37	technology	technology	NOUN
cet-15664	92	38	-	-	PUNCT
cet-15664	92	39	intensive	intensive	ADJ
cet-15664	92	40	groups	group	NOUN
cet-15664	92	41	.	.	PUNCT
cet-15664	93	1	the	the	DET
cet-15664	93	2	classification	classification	NOUN
cet-15664	93	3	is	be	AUX
cet-15664	93	4	based	base	VERB
cet-15664	93	5	on	on	ADP
cet-15664	93	6	ward	ward	NOUN
cet-15664	93	7	's	's	PART
cet-15664	93	8	hierarchical	hierarchical	ADJ
cet-15664	93	9	clustering	clustering	NOUN
cet-15664	93	10	using	use	VERB
cet-15664	93	11	two	two	NUM
cet-15664	93	12	indicators	indicator	NOUN
cet-15664	93	13	—	—	PUNCT
cet-15664	93	14	fixed	fix	VERB
cet-15664	93	15	asset	asset	NOUN
cet-15664	93	16	intensity	intensity	NOUN
cet-15664	93	17	and	and	CCONJ
cet-15664	93	18	the	the	DET
cet-15664	93	19	r&d	r&d	NOUN
cet-15664	93	20	-	-	PUNCT
cet-15664	93	21	to	to	ADP
cet-15664	93	22	-	-	PUNCT
cet-15664	93	23	labor	labor	NOUN
cet-15664	93	24	ratio	ratio	NOUN
cet-15664	93	25	—	—	PUNCT
cet-15664	93	26	across	across	ADP
cet-15664	93	27	67	67	NUM
cet-15664	93	28	csrc	csrc	NOUN
cet-15664	93	29	two	two	NUM
cet-15664	93	30	-	-	PUNCT
cet-15664	93	31	digit	digit	NOUN
cet-15664	93	32	sectors	sector	NOUN
cet-15664	93	33	.	.	PUNCT
cet-15664	94	1	capital	capital	NOUN
cet-15664	94	2	-	-	PUNCT
cet-15664	94	3	intensive	intensive	ADJ
cet-15664	94	4	industries	industry	NOUN
cet-15664	94	5	emphasize	emphasize	VERB
cet-15664	94	6	infrastructure	infrastructure	NOUN
cet-15664	94	7	and	and	CCONJ
cet-15664	94	8	physical	physical	ADJ
cet-15664	94	9	assets	asset	NOUN
cet-15664	94	10	(	(	PUNCT
cet-15664	94	11	e.g.	e.g.	ADV
cet-15664	94	12	,	,	PUNCT
cet-15664	94	13	metal	metal	NOUN
cet-15664	94	14	smelting	smelting	NOUN
cet-15664	94	15	,	,	PUNCT
cet-15664	94	16	power	power	NOUN
cet-15664	94	17	generation	generation	NOUN
cet-15664	94	18	)	)	PUNCT
cet-15664	94	19	,	,	PUNCT
cet-15664	94	20	labor	labor	NOUN
cet-15664	94	21	-	-	PUNCT
cet-15664	94	22	intensive	intensive	ADJ
cet-15664	94	23	sectors	sector	NOUN
cet-15664	94	24	rely	rely	VERB
cet-15664	94	25	on	on	ADP
cet-15664	94	26	manual	manual	ADJ
cet-15664	94	27	labor	labor	NOUN
cet-15664	94	28	and	and	CCONJ
cet-15664	94	29	scale	scale	NOUN
cet-15664	94	30	(	(	PUNCT
cet-15664	94	31	e.g.	e.g.	ADV
cet-15664	94	32	,	,	PUNCT
cet-15664	94	33	food	food	NOUN
cet-15664	94	34	processing	processing	NOUN
cet-15664	94	35	,	,	PUNCT
cet-15664	94	36	retail	retail	NOUN
cet-15664	94	37	)	)	PUNCT
cet-15664	94	38	,	,	PUNCT
cet-15664	94	39	while	while	SCONJ
cet-15664	94	40	technology	technology	NOUN
cet-15664	94	41	-	-	PUNCT
cet-15664	94	42	intensive	intensive	ADJ
cet-15664	94	43	sectors	sector	NOUN
cet-15664	94	44	feature	feature	VERB
cet-15664	94	45	high	high	ADJ
cet-15664	94	46	r&d	r&d	NOUN
cet-15664	94	47	(	(	PUNCT
cet-15664	94	48	research	research	NOUN
cet-15664	94	49	and	and	CCONJ
cet-15664	94	50	development	development	NOUN
cet-15664	94	51	)	)	PUNCT
cet-15664	94	52	dependence	dependence	NOUN
cet-15664	94	53	and	and	CCONJ
cet-15664	94	54	innovation	innovation	NOUN
cet-15664	94	55	input	input	NOUN
cet-15664	94	56	(	(	PUNCT
cet-15664	94	57	e.g.	e.g.	ADV
cet-15664	94	58	,	,	PUNCT
cet-15664	94	59	electronics	electronics	NOUN
cet-15664	94	60	manufacturing	manufacturing	NOUN
cet-15664	94	61	,	,	PUNCT
cet-15664	94	62	software	software	NOUN
cet-15664	94	63	services	service	NOUN
cet-15664	94	64	)	)	PUNCT
cet-15664	94	65	.	.	PUNCT
cet-15664	95	1	this	this	DET
cet-15664	95	2	typology	typology	NOUN
cet-15664	95	3	enables	enable	VERB
cet-15664	95	4	a	a	DET
cet-15664	95	5	structurally	structurally	ADV
cet-15664	95	6	grounded	ground	VERB
cet-15664	95	7	evaluation	evaluation	NOUN
cet-15664	95	8	of	of	ADP
cet-15664	95	9	green	green	ADJ
cet-15664	95	10	investment	investment	NOUN
cet-15664	95	11	impacts	impact	NOUN
cet-15664	95	12	across	across	ADP
cet-15664	95	13	differentiated	differentiated	ADJ
cet-15664	95	14	industrial	industrial	ADJ
cet-15664	95	15	contexts	contexts	NOUN
cet-15664	95	16	.	.	PUNCT
cet-15664	96	1	table	table	NOUN
cet-15664	96	2	3	3	NUM
cet-15664	96	3	presents	present	VERB
cet-15664	96	4	the	the	DET
cet-15664	96	5	group	group	NOUN
cet-15664	96	6	-	-	PUNCT
cet-15664	96	7	level	level	NOUN
cet-15664	96	8	regression	regression	NOUN
cet-15664	96	9	coefficients	coefficient	NOUN
cet-15664	96	10	(	(	PUNCT
cet-15664	96	11	β₁	β₁	PROPN
cet-15664	96	12	)	)	PUNCT
cet-15664	96	13	,	,	PUNCT
cet-15664	96	14	which	which	PRON
cet-15664	96	15	represent	represent	VERB
cet-15664	96	16	the	the	DET
cet-15664	96	17	sector	sector	NOUN
cet-15664	96	18	-	-	PUNCT
cet-15664	96	19	specific	specific	ADJ
cet-15664	96	20	elasticity	elasticity	NOUN
cet-15664	96	21	of	of	ADP
cet-15664	96	22	the	the	DET
cet-15664	96	23	e	e	NOUN
cet-15664	96	24	-	-	NOUN
cet-15664	96	25	score	score	NOUN
cet-15664	96	26	concerning	concern	VERB
cet-15664	96	27	green	green	ADJ
cet-15664	96	28	investment	investment	NOUN
cet-15664	96	29	.	.	PUNCT
cet-15664	97	1	the	the	DET
cet-15664	97	2	results	result	NOUN
cet-15664	97	3	reveal	reveal	VERB
cet-15664	97	4	sharp	sharp	ADJ
cet-15664	97	5	differences	difference	NOUN
cet-15664	97	6	in	in	ADP
cet-15664	97	7	marginal	marginal	ADJ
cet-15664	97	8	effectiveness	effectiveness	NOUN
cet-15664	97	9	.	.	PUNCT
cet-15664	98	1	both	both	DET
cet-15664	98	2	capitaland	capitaland	PROPN
cet-15664	98	3	technology	technology	NOUN
cet-15664	98	4	-	-	PUNCT
cet-15664	98	5	intensive	intensive	ADJ
cet-15664	98	6	sectors	sector	NOUN
cet-15664	98	7	exhibit	exhibit	VERB
cet-15664	98	8	large	large	ADJ
cet-15664	98	9	,	,	PUNCT
cet-15664	98	10	statistically	statistically	ADV
cet-15664	98	11	significant	significant	ADJ
cet-15664	98	12	positive	positive	ADJ
cet-15664	98	13	returns	return	NOUN
cet-15664	98	14	(	(	PUNCT
cet-15664	98	15	p	p	X
cet-15664	98	16	<	<	X
cet-15664	98	17	0.01	0.01	NUM
cet-15664	98	18	)	)	PUNCT
cet-15664	98	19	,	,	PUNCT
cet-15664	98	20	indicating	indicate	VERB
cet-15664	98	21	a	a	DET
cet-15664	98	22	substantial	substantial	ADJ
cet-15664	98	23	environmental	environmental	ADJ
cet-15664	98	24	payoff	payoff	NOUN
cet-15664	98	25	per	per	ADP
cet-15664	98	26	unit	unit	NOUN
cet-15664	98	27	of	of	ADP
cet-15664	98	28	green	green	ADJ
cet-15664	98	29	capital	capital	NOUN
cet-15664	98	30	.	.	PUNCT
cet-15664	99	1	in	in	ADP
cet-15664	99	2	contrast	contrast	NOUN
cet-15664	99	3	,	,	PUNCT
cet-15664	99	4	the	the	DET
cet-15664	99	5	labor	labor	NOUN
cet-15664	99	6	-	-	PUNCT
cet-15664	99	7	intensive	intensive	ADJ
cet-15664	99	8	group	group	NOUN
cet-15664	99	9	exhibits	exhibit	VERB
cet-15664	99	10	a	a	DET
cet-15664	99	11	negative	negative	ADJ
cet-15664	99	12	and	and	CCONJ
cet-15664	99	13	statistically	statistically	ADV
cet-15664	99	14	insignificant	insignificant	ADJ
cet-15664	99	15	β	β	NOUN
cet-15664	99	16	,	,	PUNCT
cet-15664	99	17	suggesting	suggest	VERB
cet-15664	99	18	poor	poor	ADJ
cet-15664	99	19	alignment	alignment	NOUN
cet-15664	99	20	between	between	ADP
cet-15664	99	21	green	green	ADJ
cet-15664	99	22	investment	investment	NOUN
cet-15664	99	23	and	and	CCONJ
cet-15664	99	24	environmental	environmental	ADJ
cet-15664	99	25	outcomes	outcome	NOUN
cet-15664	99	26	in	in	ADP
cet-15664	99	27	those	those	DET
cet-15664	99	28	sectors	sector	NOUN
cet-15664	99	29	.	.	PUNCT
cet-15664	100	1	table	table	NOUN
cet-15664	100	2	3	3	NUM
cet-15664	100	3	:	:	PUNCT
cet-15664	100	4	group	group	NOUN
cet-15664	100	5	-	-	PUNCT
cet-15664	100	6	level	level	NOUN
cet-15664	100	7	environmental	environmental	ADJ
cet-15664	100	8	returns	return	NOUN
cet-15664	100	9	and	and	CCONJ
cet-15664	100	10	normalized	normalize	VERB
cet-15664	100	11	investment	investment	NOUN
cet-15664	100	12	costs	cost	NOUN
cet-15664	100	13	industry	industry	NOUN
cet-15664	100	14	type	type	NOUN
cet-15664	100	15	β₁	β₁	PROPN
cet-15664	100	16	(	(	PUNCT
cet-15664	100	17	environmental	environmental	ADJ
cet-15664	100	18	return	return	NOUN
cet-15664	100	19	)	)	PUNCT
cet-15664	100	20	mean	mean	VERB
cet-15664	100	21	investment	investment	NOUN
cet-15664	100	22	(	(	PUNCT
cet-15664	100	23	m	m	NOUN
cet-15664	100	24	rmb	rmb	NOUN
cet-15664	100	25	)	)	PUNCT
cet-15664	100	26	normalized	normalize	VERB
cet-15664	100	27	cost	cost	NOUN
cet-15664	100	28	(	(	PUNCT
cet-15664	100	29	𝑐𝑖	𝑐𝑖	NOUN
cet-15664	100	30	)	)	PUNCT
cet-15664	100	31	capital	capital	NOUN
cet-15664	100	32	-	-	PUNCT
cet-15664	100	33	intensive	intensive	ADJ
cet-15664	100	34	3.518	3.518	NUM
cet-15664	100	35	*	*	PUNCT
cet-15664	100	36	*	*	PUNCT
cet-15664	100	37	*	*	SYM
cet-15664	100	38	8.65	8.65	NUM
cet-15664	100	39	1	1	NUM
cet-15664	100	40	labor	labor	NOUN
cet-15664	100	41	-	-	PUNCT
cet-15664	100	42	intensive	intensive	ADJ
cet-15664	100	43	–	–	PUNCT
cet-15664	100	44	0.359	0.359	NUM
cet-15664	100	45	4.113	4.113	NUM
cet-15664	100	46	0.475	0.475	NUM
cet-15664	100	47	technology	technology	NOUN
cet-15664	100	48	-	-	PUNCT
cet-15664	100	49	intensive	intensive	ADJ
cet-15664	100	50	3.139	3.139	NUM
cet-15664	100	51	*	*	PUNCT
cet-15664	100	52	*	*	PUNCT
cet-15664	100	53	*	*	PUNCT
cet-15664	100	54	3.453	3.453	NUM
cet-15664	100	55	0.399	0.399	NUM
cet-15664	100	56	3.3	3.3	NUM
cet-15664	100	57	p	p	ADJ
cet-15664	100	58	-	-	PUNCT
cet-15664	100	59	graph	graph	NOUN
cet-15664	100	60	optimization	optimization	NOUN
cet-15664	100	61	:	:	PUNCT
cet-15664	100	62	sector	sector	NOUN
cet-15664	100	63	selection	selection	NOUN
cet-15664	100	64	under	under	ADP
cet-15664	100	65	capital	capital	NOUN
cet-15664	100	66	constraints	constraint	NOUN
cet-15664	100	67	building	build	VERB
cet-15664	100	68	on	on	ADP
cet-15664	100	69	the	the	DET
cet-15664	100	70	sector	sector	NOUN
cet-15664	100	71	-	-	PUNCT
cet-15664	100	72	specific	specific	NOUN
cet-15664	100	73	𝛽	𝛽	NOUN
cet-15664	100	74	coefficients	coefficient	NOUN
cet-15664	100	75	obtained	obtain	VERB
cet-15664	100	76	from	from	ADP
cet-15664	100	77	fixed	fix	VERB
cet-15664	100	78	-	-	PUNCT
cet-15664	100	79	effects	effect	NOUN
cet-15664	100	80	regression	regression	NOUN
cet-15664	100	81	,	,	PUNCT
cet-15664	100	82	this	this	DET
cet-15664	100	83	study	study	NOUN
cet-15664	100	84	implements	implement	VERB
cet-15664	100	85	a	a	DET
cet-15664	100	86	pgraph	pgraph	ADJ
cet-15664	100	87	optimization	optimization	NOUN
cet-15664	100	88	model	model	NOUN
cet-15664	100	89	to	to	PART
cet-15664	100	90	derive	derive	VERB
cet-15664	100	91	the	the	DET
cet-15664	100	92	most	most	ADV
cet-15664	100	93	efficient	efficient	ADJ
cet-15664	100	94	allocation	allocation	NOUN
cet-15664	100	95	of	of	ADP
cet-15664	100	96	green	green	ADJ
cet-15664	100	97	investment	investment	NOUN
cet-15664	100	98	under	under	ADP
cet-15664	100	99	predefined	predefine	VERB
cet-15664	100	100	capital	capital	NOUN
cet-15664	100	101	constraints	constraint	NOUN
cet-15664	100	102	.	.	PUNCT
cet-15664	101	1	each	each	DET
cet-15664	101	2	industry	industry	NOUN
cet-15664	101	3	group	group	NOUN
cet-15664	101	4	—	—	PUNCT
cet-15664	101	5	capital	capital	NOUN
cet-15664	101	6	-	-	PUNCT
cet-15664	101	7	intensive	intensive	ADJ
cet-15664	101	8	,	,	PUNCT
cet-15664	101	9	technology	technology	NOUN
cet-15664	101	10	-	-	PUNCT
cet-15664	101	11	intensive	intensive	ADJ
cet-15664	101	12	,	,	PUNCT
cet-15664	101	13	and	and	CCONJ
cet-15664	101	14	labor	labor	NOUN
cet-15664	101	15	-	-	PUNCT
cet-15664	101	16	intensive	intensive	ADJ
cet-15664	101	17	—	—	PUNCT
cet-15664	101	18	is	be	AUX
cet-15664	101	19	modeled	model	VERB
cet-15664	101	20	as	as	ADP
cet-15664	101	21	an	an	DET
cet-15664	101	22	independent	independent	ADJ
cet-15664	101	23	decision	decision	NOUN
cet-15664	101	24	unit	unit	NOUN
cet-15664	101	25	,	,	PUNCT
cet-15664	101	26	characterized	characterize	VERB
cet-15664	101	27	by	by	ADP
cet-15664	101	28	its	its	PRON
cet-15664	101	29	estimated	estimate	VERB
cet-15664	101	30	marginal	marginal	ADJ
cet-15664	101	31	environmental	environmental	ADJ
cet-15664	101	32	return	return	NOUN
cet-15664	101	33	(	(	PUNCT
cet-15664	101	34	𝛽	𝛽	NOUN
cet-15664	101	35	)	)	PUNCT
cet-15664	101	36	and	and	CCONJ
cet-15664	101	37	normalized	normalize	VERB
cet-15664	101	38	investment	investment	NOUN
cet-15664	101	39	cost	cost	NOUN
cet-15664	101	40	,	,	PUNCT
cet-15664	101	41	calibrated	calibrate	VERB
cet-15664	101	42	against	against	ADP
cet-15664	101	43	sector	sector	NOUN
cet-15664	101	44	-	-	PUNCT
cet-15664	101	45	level	level	NOUN
cet-15664	101	46	green	green	ADJ
cet-15664	101	47	investment	investment	NOUN
cet-15664	101	48	averages	average	NOUN
cet-15664	101	49	.	.	PUNCT
cet-15664	102	1	the	the	DET
cet-15664	102	2	mathematical	mathematical	ADJ
cet-15664	102	3	formulation	formulation	NOUN
cet-15664	102	4	and	and	CCONJ
cet-15664	102	5	optimization	optimization	NOUN
cet-15664	102	6	objective	objective	NOUN
cet-15664	102	7	are	be	AUX
cet-15664	102	8	detailed	detail	VERB
cet-15664	102	9	in	in	ADP
cet-15664	102	10	section	section	NOUN
cet-15664	102	11	2.4	2.4	NUM
cet-15664	102	12	.	.	PUNCT
cet-15664	103	1	utilizing	utilize	VERB
cet-15664	103	2	the	the	DET
cet-15664	103	3	maximal	maximal	ADJ
cet-15664	103	4	structure	structure	NOUN
cet-15664	103	5	generation	generation	NOUN
cet-15664	103	6	(	(	PUNCT
cet-15664	103	7	msg	msg	PROPN
cet-15664	103	8	)	)	PUNCT
cet-15664	103	9	and	and	CCONJ
cet-15664	103	10	232	232	NUM
cet-15664	103	11	accelerated	accelerated	ADJ
cet-15664	103	12	branch	branch	NOUN
cet-15664	103	13	-	-	PUNCT
cet-15664	103	14	and	and	CCONJ
cet-15664	103	15	-	-	PUNCT
cet-15664	103	16	bound	bind	VERB
cet-15664	103	17	(	(	PUNCT
cet-15664	103	18	abb	abb	NOUN
cet-15664	103	19	)	)	PUNCT
cet-15664	103	20	algorithms	algorithm	NOUN
cet-15664	103	21	within	within	ADP
cet-15664	103	22	the	the	DET
cet-15664	103	23	p	p	ADJ
cet-15664	103	24	-	-	PUNCT
cet-15664	103	25	graph	graph	NOUN
cet-15664	103	26	studio	studio	NOUN
cet-15664	103	27	environment	environment	NOUN
cet-15664	103	28	,	,	PUNCT
cet-15664	103	29	all	all	DET
cet-15664	103	30	feasible	feasible	ADJ
cet-15664	103	31	investment	investment	NOUN
cet-15664	103	32	allocation	allocation	NOUN
cet-15664	103	33	structures	structure	NOUN
cet-15664	103	34	are	be	AUX
cet-15664	103	35	exhaustively	exhaustively	ADV
cet-15664	103	36	enumerated	enumerate	VERB
cet-15664	103	37	,	,	PUNCT
cet-15664	103	38	and	and	CCONJ
cet-15664	103	39	the	the	DET
cet-15664	103	40	globally	globally	ADV
cet-15664	103	41	optimal	optimal	ADJ
cet-15664	103	42	portfolio	portfolio	NOUN
cet-15664	103	43	is	be	AUX
cet-15664	103	44	identified	identify	VERB
cet-15664	103	45	.	.	PUNCT
cet-15664	104	1	figure	figure	NOUN
cet-15664	104	2	2	2	NUM
cet-15664	104	3	illustrates	illustrate	VERB
cet-15664	104	4	the	the	DET
cet-15664	104	5	resulting	result	VERB
cet-15664	104	6	process	process	NOUN
cet-15664	104	7	network	network	NOUN
cet-15664	104	8	.	.	PUNCT
cet-15664	105	1	capital	capital	NOUN
cet-15664	105	2	flows	flow	VERB
cet-15664	105	3	from	from	ADP
cet-15664	105	4	the	the	DET
cet-15664	105	5	green_investment_budget	green_investment_budget	NOUN
cet-15664	105	6	node	node	NOUN
cet-15664	105	7	to	to	ADP
cet-15664	105	8	sectorspecific	sectorspecific	ADJ
cet-15664	105	9	operations	operation	NOUN
cet-15664	105	10	,	,	PUNCT
cet-15664	105	11	where	where	SCONJ
cet-15664	105	12	each	each	DET
cet-15664	105	13	unit	unit	NOUN
cet-15664	105	14	converts	convert	VERB
cet-15664	105	15	input	input	NOUN
cet-15664	105	16	investment	investment	NOUN
cet-15664	105	17	into	into	ADP
cet-15664	105	18	esg	esg	PROPN
cet-15664	105	19	-	-	PUNCT
cet-15664	105	20	e	e	PROPN
cet-15664	105	21	gains	gain	NOUN
cet-15664	105	22	weighted	weight	VERB
cet-15664	105	23	by	by	ADP
cet-15664	105	24	its	its	PRON
cet-15664	105	25	β	β	X
cet-15664	105	26	coefficient	coefficient	NOUN
cet-15664	105	27	(	(	PUNCT
cet-15664	105	28	e.g.	e.g.	ADV
cet-15664	105	29	,	,	PUNCT
cet-15664	105	30	3.139	3.139	NUM
cet-15664	105	31	×	×	NOUN
cet-15664	105	32	tech_investment	tech_investment	NOUN
cet-15664	105	33	)	)	PUNCT
cet-15664	105	34	.	.	PUNCT
cet-15664	106	1	these	these	DET
cet-15664	106	2	outputs	output	NOUN
cet-15664	106	3	are	be	AUX
cet-15664	106	4	then	then	ADV
cet-15664	106	5	aggregated	aggregate	VERB
cet-15664	106	6	to	to	PART
cet-15664	106	7	form	form	VERB
cet-15664	106	8	esg_e_total	esg_e_total	PROPN
cet-15664	106	9	.	.	PUNCT
cet-15664	107	1	notably	notably	ADV
cet-15664	107	2	,	,	PUNCT
cet-15664	107	3	the	the	DET
cet-15664	107	4	labor‑intensive	labor‑intensive	ADJ
cet-15664	107	5	sector	sector	NOUN
cet-15664	107	6	receives	receive	VERB
cet-15664	107	7	zero	zero	NUM
cet-15664	107	8	allocation	allocation	NOUN
cet-15664	107	9	in	in	ADP
cet-15664	107	10	the	the	DET
cet-15664	107	11	optimal	optimal	ADJ
cet-15664	107	12	portfolio	portfolio	NOUN
cet-15664	107	13	,	,	PUNCT
cet-15664	107	14	reflecting	reflect	VERB
cet-15664	107	15	its	its	PRON
cet-15664	107	16	negative	negative	ADJ
cet-15664	107	17	or	or	CCONJ
cet-15664	107	18	non‑significant	non‑significant	ADJ
cet-15664	107	19	marginal	marginal	ADJ
cet-15664	107	20	returns	return	NOUN
cet-15664	107	21	and	and	CCONJ
cet-15664	107	22	confirming	confirm	VERB
cet-15664	107	23	the	the	DET
cet-15664	107	24	prioritization	prioritization	NOUN
cet-15664	107	25	of	of	ADP
cet-15664	107	26	sectors	sector	NOUN
cet-15664	107	27	with	with	ADP
cet-15664	107	28	demonstrably	demonstrably	ADV
cet-15664	107	29	higher	high	ADJ
cet-15664	107	30	efficiency	efficiency	NOUN
cet-15664	107	31	.	.	PUNCT
cet-15664	108	1	this	this	DET
cet-15664	108	2	graphical	graphical	ADJ
cet-15664	108	3	representation	representation	NOUN
cet-15664	108	4	enhances	enhance	VERB
cet-15664	108	5	interpretability	interpretability	NOUN
cet-15664	108	6	by	by	ADP
cet-15664	108	7	visually	visually	ADV
cet-15664	108	8	encoding	encode	VERB
cet-15664	108	9	the	the	DET
cet-15664	108	10	efficiency	efficiency	NOUN
cet-15664	108	11	-	-	PUNCT
cet-15664	108	12	based	base	VERB
cet-15664	108	13	prioritization	prioritization	NOUN
cet-15664	108	14	logic	logic	NOUN
cet-15664	108	15	embedded	embed	VERB
cet-15664	108	16	in	in	ADP
cet-15664	108	17	the	the	DET
cet-15664	108	18	optimization	optimization	NOUN
cet-15664	108	19	algorithm	algorithm	NOUN
cet-15664	108	20	.	.	PUNCT
cet-15664	109	1	figure	figure	NOUN
cet-15664	109	2	2	2	NUM
cet-15664	109	3	:	:	PUNCT
cet-15664	109	4	p	p	X
cet-15664	109	5	-	-	PUNCT
cet-15664	109	6	graph	graph	NOUN
cet-15664	109	7	-	-	PUNCT
cet-15664	109	8	based	base	VERB
cet-15664	109	9	optimization	optimization	NOUN
cet-15664	109	10	structure	structure	NOUN
cet-15664	109	11	for	for	ADP
cet-15664	109	12	sectoral	sectoral	ADJ
cet-15664	109	13	green	green	ADJ
cet-15664	109	14	investment	investment	NOUN
cet-15664	109	15	allocation	allocation	NOUN
cet-15664	109	16	.	.	PUNCT
cet-15664	110	1	3.4	3.4	NUM
cet-15664	110	2	optimization	optimization	NOUN
cet-15664	110	3	results	result	NOUN
cet-15664	110	4	:	:	PUNCT
cet-15664	110	5	efficient	efficient	ADJ
cet-15664	110	6	allocation	allocation	NOUN
cet-15664	110	7	strategy	strategy	NOUN
cet-15664	110	8	using	use	VERB
cet-15664	110	9	the	the	DET
cet-15664	110	10	accelerated	accelerated	ADJ
cet-15664	110	11	branch	branch	NOUN
cet-15664	110	12	and	and	CCONJ
cet-15664	110	13	bound	bind	VERB
cet-15664	110	14	(	(	PUNCT
cet-15664	110	15	abb	abb	NOUN
cet-15664	110	16	)	)	PUNCT
cet-15664	110	17	algorithm	algorithm	NOUN
cet-15664	110	18	within	within	ADP
cet-15664	110	19	the	the	DET
cet-15664	110	20	p	p	ADJ
cet-15664	110	21	-	-	PUNCT
cet-15664	110	22	graph	graph	NOUN
cet-15664	110	23	framework	framework	NOUN
cet-15664	110	24	,	,	PUNCT
cet-15664	110	25	we	we	PRON
cet-15664	110	26	identified	identify	VERB
cet-15664	110	27	three	three	NUM
cet-15664	110	28	feasible	feasible	ADJ
cet-15664	110	29	investment	investment	NOUN
cet-15664	110	30	structures	structure	NOUN
cet-15664	110	31	under	under	ADP
cet-15664	110	32	a	a	DET
cet-15664	110	33	fixed	fixed	ADJ
cet-15664	110	34	rmb	rmb	NOUN
cet-15664	110	35	10	10	NUM
cet-15664	110	36	m	m	NOUN
cet-15664	110	37	green	green	ADJ
cet-15664	110	38	investment	investment	NOUN
cet-15664	110	39	budget	budget	NOUN
cet-15664	110	40	.	.	PUNCT
cet-15664	111	1	as	as	SCONJ
cet-15664	111	2	shown	show	VERB
cet-15664	111	3	in	in	ADP
cet-15664	111	4	table	table	NOUN
cet-15664	111	5	4	4	NUM
cet-15664	111	6	,	,	PUNCT
cet-15664	111	7	the	the	DET
cet-15664	111	8	optimal	optimal	ADJ
cet-15664	111	9	configuration	configuration	NOUN
cet-15664	111	10	(	(	PUNCT
cet-15664	111	11	structure	structure	NOUN
cet-15664	111	12	1	1	NUM
cet-15664	111	13	)	)	PUNCT
cet-15664	111	14	directs	direct	VERB
cet-15664	111	15	the	the	DET
cet-15664	111	16	full	full	ADJ
cet-15664	111	17	budget	budget	NOUN
cet-15664	111	18	to	to	ADP
cet-15664	111	19	technology	technology	NOUN
cet-15664	111	20	-	-	PUNCT
cet-15664	111	21	intensive	intensive	ADJ
cet-15664	111	22	investments	investment	NOUN
cet-15664	111	23	,	,	PUNCT
cet-15664	111	24	resulting	result	VERB
cet-15664	111	25	in	in	ADP
cet-15664	111	26	the	the	DET
cet-15664	111	27	highest	high	ADJ
cet-15664	111	28	esg_e	esg_e	NOUN
cet-15664	111	29	score	score	NOUN
cet-15664	111	30	of	of	ADP
cet-15664	111	31	78.67	78.67	NUM
cet-15664	111	32	and	and	CCONJ
cet-15664	111	33	signaling	signal	VERB
cet-15664	111	34	the	the	DET
cet-15664	111	35	superior	superior	ADJ
cet-15664	111	36	marginal	marginal	ADJ
cet-15664	111	37	environmental	environmental	ADJ
cet-15664	111	38	returns	return	NOUN
cet-15664	111	39	of	of	ADP
cet-15664	111	40	innovation	innovation	NOUN
cet-15664	111	41	-	-	PUNCT
cet-15664	111	42	driven	drive	VERB
cet-15664	111	43	sectors	sector	NOUN
cet-15664	111	44	.	.	PUNCT
cet-15664	112	1	despite	despite	SCONJ
cet-15664	112	2	incurring	incur	VERB
cet-15664	112	3	a	a	DET
cet-15664	112	4	higher	high	ADJ
cet-15664	112	5	systemic	systemic	ADJ
cet-15664	112	6	cost	cost	NOUN
cet-15664	112	7	(	(	PUNCT
cet-15664	112	8	rmb	rmb	NOUN
cet-15664	112	9	7.867	7.867	NUM
cet-15664	112	10	m	m	NOUN
cet-15664	112	11	)	)	PUNCT
cet-15664	112	12	,	,	PUNCT
cet-15664	112	13	this	this	DET
cet-15664	112	14	structure	structure	NOUN
cet-15664	112	15	reflects	reflect	VERB
cet-15664	112	16	a	a	DET
cet-15664	112	17	more	more	ADV
cet-15664	112	18	efficient	efficient	ADJ
cet-15664	112	19	conversion	conversion	NOUN
cet-15664	112	20	of	of	ADP
cet-15664	112	21	capital	capital	NOUN
cet-15664	112	22	into	into	ADP
cet-15664	112	23	environmental	environmental	ADJ
cet-15664	112	24	benefit	benefit	NOUN
cet-15664	112	25	.	.	PUNCT
cet-15664	113	1	in	in	ADP
cet-15664	113	2	comparison	comparison	NOUN
cet-15664	113	3	,	,	PUNCT
cet-15664	113	4	the	the	DET
cet-15664	113	5	suboptimal	suboptimal	ADJ
cet-15664	113	6	structure	structure	NOUN
cet-15664	113	7	2	2	NUM
cet-15664	113	8	channels	channel	NOUN
cet-15664	113	9	the	the	DET
cet-15664	113	10	same	same	ADJ
cet-15664	113	11	budget	budget	NOUN
cet-15664	113	12	into	into	ADP
cet-15664	113	13	asset	asset	NOUN
cet-15664	113	14	-	-	PUNCT
cet-15664	113	15	intensive	intensive	ADJ
cet-15664	113	16	sectors	sector	NOUN
cet-15664	113	17	,	,	PUNCT
cet-15664	113	18	achieving	achieve	VERB
cet-15664	113	19	a	a	DET
cet-15664	113	20	lower	low	ADJ
cet-15664	113	21	esg_e	esg_e	NOUN
cet-15664	113	22	score	score	NOUN
cet-15664	113	23	of	of	ADP
cet-15664	113	24	35.18	35.18	NUM
cet-15664	113	25	at	at	ADP
cet-15664	113	26	a	a	DET
cet-15664	113	27	reduced	reduced	ADJ
cet-15664	113	28	cost	cost	NOUN
cet-15664	113	29	(	(	PUNCT
cet-15664	113	30	rmb	rmb	NOUN
cet-15664	113	31	3.518	3.518	NUM
cet-15664	113	32	m	m	NOUN
cet-15664	113	33	)	)	PUNCT
cet-15664	113	34	,	,	PUNCT
cet-15664	113	35	indicating	indicate	VERB
cet-15664	113	36	less	less	ADV
cet-15664	113	37	effective	effective	ADJ
cet-15664	113	38	esg	esg	NOUN
cet-15664	113	39	leverage	leverage	NOUN
cet-15664	113	40	.	.	PUNCT
cet-15664	114	1	consistent	consistent	ADJ
cet-15664	114	2	with	with	ADP
cet-15664	114	3	the	the	DET
cet-15664	114	4	regression	regression	NOUN
cet-15664	114	5	results	result	NOUN
cet-15664	114	6	in	in	ADP
cet-15664	114	7	section	section	NOUN
cet-15664	114	8	3.2	3.2	NUM
cet-15664	114	9	,	,	PUNCT
cet-15664	114	10	labor‑intensive	labor‑intensive	ADJ
cet-15664	114	11	sectors	sector	NOUN
cet-15664	114	12	are	be	AUX
cet-15664	114	13	fully	fully	ADV
cet-15664	114	14	excluded	exclude	VERB
cet-15664	114	15	from	from	ADP
cet-15664	114	16	the	the	DET
cet-15664	114	17	optimal	optimal	ADJ
cet-15664	114	18	allocation	allocation	NOUN
cet-15664	114	19	due	due	ADP
cet-15664	114	20	to	to	ADP
cet-15664	114	21	their	their	PRON
cet-15664	114	22	negative	negative	ADJ
cet-15664	114	23	or	or	CCONJ
cet-15664	114	24	insignificant	insignificant	ADJ
cet-15664	114	25	marginal	marginal	ADJ
cet-15664	114	26	returns	return	NOUN
cet-15664	114	27	,	,	PUNCT
cet-15664	114	28	confirming	confirm	VERB
cet-15664	114	29	their	their	PRON
cet-15664	114	30	limited	limited	ADJ
cet-15664	114	31	absorptive	absorptive	ADJ
cet-15664	114	32	capacity	capacity	NOUN
cet-15664	114	33	for	for	ADP
cet-15664	114	34	technology‑driven	technology‑driven	VERB
cet-15664	114	35	upgrades	upgrade	NOUN
cet-15664	114	36	.	.	PUNCT
cet-15664	115	1	these	these	DET
cet-15664	115	2	findings	finding	NOUN
cet-15664	115	3	demonstrate	demonstrate	VERB
cet-15664	115	4	that	that	SCONJ
cet-15664	115	5	effective	effective	ADJ
cet-15664	115	6	esg	esg	PROPN
cet-15664	115	7	outcomes	outcome	NOUN
cet-15664	115	8	hinge	hinge	VERB
cet-15664	115	9	not	not	PART
cet-15664	115	10	only	only	ADV
cet-15664	115	11	on	on	ADP
cet-15664	115	12	investment	investment	NOUN
cet-15664	115	13	magnitude	magnitude	NOUN
cet-15664	115	14	but	but	CCONJ
cet-15664	115	15	also	also	ADV
cet-15664	115	16	on	on	ADP
cet-15664	115	17	sectoral	sectoral	ADJ
cet-15664	115	18	alignment	alignment	NOUN
cet-15664	115	19	and	and	CCONJ
cet-15664	115	20	structural	structural	ADJ
cet-15664	115	21	configuration	configuration	NOUN
cet-15664	115	22	,	,	PUNCT
cet-15664	115	23	with	with	ADP
cet-15664	115	24	technology	technology	NOUN
cet-15664	115	25	-	-	PUNCT
cet-15664	115	26	intensive	intensive	ADJ
cet-15664	115	27	pathways	pathway	NOUN
cet-15664	115	28	offering	offer	VERB
cet-15664	115	29	the	the	DET
cet-15664	115	30	most	most	ADV
cet-15664	115	31	impactful	impactful	ADJ
cet-15664	115	32	strategy	strategy	NOUN
cet-15664	115	33	for	for	ADP
cet-15664	115	34	maximizing	maximize	VERB
cet-15664	115	35	esg	esg	NOUN
cet-15664	115	36	performance	performance	NOUN
cet-15664	115	37	under	under	ADP
cet-15664	115	38	budget	budget	NOUN
cet-15664	115	39	constraints	constraint	NOUN
cet-15664	115	40	.	.	PUNCT
cet-15664	116	1	table	table	NOUN
cet-15664	116	2	4	4	NUM
cet-15664	116	3	:	:	PUNCT
cet-15664	116	4	optimal	optimal	ADJ
cet-15664	116	5	and	and	CCONJ
cet-15664	116	6	suboptimal	suboptimal	ADJ
cet-15664	116	7	investment	investment	NOUN
cet-15664	116	8	structures	structure	NOUN
cet-15664	116	9	derived	derive	VERB
cet-15664	116	10	from	from	ADP
cet-15664	116	11	p	p	ADJ
cet-15664	116	12	-	-	PUNCT
cet-15664	116	13	graph	graph	NOUN
cet-15664	116	14	optimization	optimization	NOUN
cet-15664	116	15	solution	solution	NOUN
cet-15664	116	16	structure	structure	NOUN
cet-15664	116	17	budget	budget	NOUN
cet-15664	116	18	(	(	PUNCT
cet-15664	116	19	m	m	NOUN
cet-15664	116	20	rmb	rmb	NOUN
cet-15664	116	21	)	)	PUNCT
cet-15664	116	22	e_score	e_score	VERB
cet-15664	116	23	asset	asset	NOUN
cet-15664	116	24	investment	investment	NOUN
cet-15664	116	25	labor	labor	NOUN
cet-15664	116	26	investment	investment	NOUN
cet-15664	116	27	tech	tech	NOUN
cet-15664	116	28	investment	investment	NOUN
cet-15664	116	29	cost	cost	NOUN
cet-15664	116	30	(	(	PUNCT
cet-15664	116	31	m	m	NOUN
cet-15664	116	32	rmb	rmb	ADJ
cet-15664	116	33	)	)	PUNCT
cet-15664	116	34	structure	structure	NOUN
cet-15664	116	35	1	1	NUM
cet-15664	116	36	(	(	PUNCT
cet-15664	116	37	optimal	optimal	ADJ
cet-15664	116	38	)	)	PUNCT
cet-15664	116	39	10	10	NUM
cet-15664	116	40	78.67	78.67	NUM
cet-15664	116	41	—	—	PUNCT
cet-15664	116	42	—	—	PUNCT
cet-15664	116	43	2.506	2.506	NUM
cet-15664	116	44	7.867	7.867	NUM
cet-15664	116	45	structure	structure	NOUN
cet-15664	116	46	2	2	NUM
cet-15664	116	47	(	(	PUNCT
cet-15664	116	48	suboptimal	suboptimal	ADJ
cet-15664	116	49	)	)	PUNCT
cet-15664	116	50	10	10	NUM
cet-15664	116	51	35.18	35.18	NUM
cet-15664	116	52	10	10	NUM
cet-15664	116	53	—	—	PUNCT
cet-15664	116	54	—	—	PUNCT
cet-15664	116	55	3.518	3.518	NUM
cet-15664	116	56	structure	structure	NOUN
cet-15664	116	57	3	3	NUM
cet-15664	116	58	(	(	PUNCT
cet-15664	116	59	inactive	inactive	ADJ
cet-15664	116	60	)	)	PUNCT
cet-15664	116	61	0	0	NUM
cet-15664	116	62	0	0	NUM
cet-15664	116	63	—	—	PUNCT
cet-15664	116	64	—	—	PUNCT
cet-15664	116	65	3.5	3.5	NUM
cet-15664	116	66	suboptimal	suboptimal	ADJ
cet-15664	116	67	configuration	configuration	NOUN
cet-15664	116	68	and	and	CCONJ
cet-15664	116	69	alternative	alternative	ADJ
cet-15664	116	70	investment	investment	NOUN
cet-15664	116	71	paths	path	NOUN
cet-15664	116	72	while	while	SCONJ
cet-15664	116	73	structure	structure	NOUN
cet-15664	116	74	1	1	NUM
cet-15664	116	75	achieves	achieve	VERB
cet-15664	116	76	the	the	DET
cet-15664	116	77	highest	high	ADJ
cet-15664	116	78	environmental	environmental	ADJ
cet-15664	116	79	performance	performance	NOUN
cet-15664	116	80	score	score	NOUN
cet-15664	116	81	(	(	PUNCT
cet-15664	116	82	78.67	78.67	NUM
cet-15664	116	83	)	)	PUNCT
cet-15664	116	84	by	by	ADP
cet-15664	116	85	channeling	channel	VERB
cet-15664	116	86	all	all	DET
cet-15664	116	87	resources	resource	NOUN
cet-15664	116	88	into	into	ADP
cet-15664	116	89	technology	technology	NOUN
cet-15664	116	90	-	-	PUNCT
cet-15664	116	91	intensive	intensive	ADJ
cet-15664	116	92	investments	investment	NOUN
cet-15664	116	93	,	,	PUNCT
cet-15664	116	94	structure	structure	NOUN
cet-15664	116	95	2	2	NUM
cet-15664	116	96	emerges	emerge	VERB
cet-15664	116	97	as	as	ADP
cet-15664	116	98	a	a	DET
cet-15664	116	99	cost	cost	NOUN
cet-15664	116	100	-	-	PUNCT
cet-15664	116	101	efficient	efficient	ADJ
cet-15664	116	102	suboptimal	suboptimal	ADJ
cet-15664	116	103	alternative	alternative	NOUN
cet-15664	116	104	,	,	PUNCT
cet-15664	116	105	reaching	reach	VERB
cet-15664	116	106	a	a	DET
cet-15664	116	107	lower	low	ADJ
cet-15664	116	108	environmental	environmental	ADJ
cet-15664	116	109	score	score	NOUN
cet-15664	116	110	of	of	ADP
cet-15664	116	111	35.18	35.18	NUM
cet-15664	116	112	with	with	ADP
cet-15664	116	113	a	a	DET
cet-15664	116	114	substantially	substantially	ADV
cet-15664	116	115	reduced	reduce	VERB
cet-15664	116	116	investment	investment	NOUN
cet-15664	116	117	cost	cost	NOUN
cet-15664	116	118	(	(	PUNCT
cet-15664	116	119	rmb	rmb	NOUN
cet-15664	116	120	3.518	3.518	NUM
cet-15664	116	121	m	m	NOUN
cet-15664	116	122	)	)	PUNCT
cet-15664	116	123	.	.	PUNCT
cet-15664	117	1	this	this	DET
cet-15664	117	2	configuration	configuration	NOUN
cet-15664	117	3	allocates	allocate	VERB
cet-15664	117	4	the	the	DET
cet-15664	117	5	entire	entire	ADJ
cet-15664	117	6	budget	budget	NOUN
cet-15664	117	7	to	to	ADP
cet-15664	117	8	asset	asset	NOUN
cet-15664	117	9	-	-	PUNCT
cet-15664	117	10	based	base	VERB
cet-15664	117	11	improvements	improvement	NOUN
cet-15664	117	12	,	,	PUNCT
cet-15664	117	13	bypassing	bypass	VERB
cet-15664	117	14	labor	labor	NOUN
cet-15664	117	15	and	and	CCONJ
cet-15664	117	16	technology	technology	NOUN
cet-15664	117	17	pathways	pathway	NOUN
cet-15664	117	18	and	and	CCONJ
cet-15664	117	19	instead	instead	ADV
cet-15664	117	20	favoring	favor	VERB
cet-15664	117	21	direct	direct	ADJ
cet-15664	117	22	physical	physical	ADJ
cet-15664	117	23	capital	capital	NOUN
cet-15664	117	24	upgrades	upgrade	NOUN
cet-15664	117	25	.	.	PUNCT
cet-15664	118	1	such	such	DET
cet-15664	118	2	an	an	DET
cet-15664	118	3	investment	investment	NOUN
cet-15664	118	4	structure	structure	NOUN
cet-15664	118	5	reflects	reflect	VERB
cet-15664	118	6	the	the	DET
cet-15664	118	7	operational	operational	ADJ
cet-15664	118	8	logic	logic	NOUN
cet-15664	118	9	of	of	ADP
cet-15664	118	10	capital	capital	NOUN
cet-15664	118	11	-	-	PUNCT
cet-15664	118	12	intensive	intensive	ADJ
cet-15664	118	13	industries	industry	NOUN
cet-15664	118	14	,	,	PUNCT
cet-15664	118	15	including	include	VERB
cet-15664	118	16	electric	electric	ADJ
cet-15664	118	17	power	power	NOUN
cet-15664	118	18	production	production	NOUN
cet-15664	118	19	,	,	PUNCT
cet-15664	118	20	metal	metal	NOUN
cet-15664	118	21	smelting	smelting	NOUN
cet-15664	118	22	,	,	PUNCT
cet-15664	118	23	and	and	CCONJ
cet-15664	118	24	bulk	bulk	ADJ
cet-15664	118	25	chemical	chemical	NOUN
cet-15664	118	26	manufacturing	manufacturing	NOUN
cet-15664	118	27	,	,	PUNCT
cet-15664	118	28	where	where	SCONJ
cet-15664	118	29	fixed‑asset	fixed‑asset	NOUN
cet-15664	118	30	retrofitting	retrofitting	NOUN
cet-15664	118	31	remains	remain	VERB
cet-15664	118	32	the	the	DET
cet-15664	118	33	primary	primary	ADJ
cet-15664	118	34	channel	channel	NOUN
cet-15664	118	35	for	for	ADP
cet-15664	118	36	environmental	environmental	ADJ
cet-15664	118	37	233	233	NUM
cet-15664	118	38	performance	performance	NOUN
cet-15664	118	39	improvement	improvement	NOUN
cet-15664	118	40	due	due	ADP
cet-15664	118	41	to	to	ADP
cet-15664	118	42	limited	limited	ADJ
cet-15664	118	43	responsiveness	responsiveness	NOUN
cet-15664	118	44	in	in	ADP
cet-15664	118	45	r&d	r&d	NOUN
cet-15664	118	46	.	.	PUNCT
cet-15664	119	1	in	in	ADP
cet-15664	119	2	contrast	contrast	NOUN
cet-15664	119	3	,	,	PUNCT
cet-15664	119	4	technology	technology	NOUN
cet-15664	119	5	-	-	PUNCT
cet-15664	119	6	intensive	intensive	ADJ
cet-15664	119	7	sectors	sector	NOUN
cet-15664	119	8	,	,	PUNCT
cet-15664	119	9	such	such	ADJ
cet-15664	119	10	as	as	ADP
cet-15664	119	11	electronics	electronics	NOUN
cet-15664	119	12	manufacturing	manufacturing	NOUN
cet-15664	119	13	,	,	PUNCT
cet-15664	119	14	precision	precision	NOUN
cet-15664	119	15	instrumentation	instrumentation	NOUN
cet-15664	119	16	,	,	PUNCT
cet-15664	119	17	and	and	CCONJ
cet-15664	119	18	digital	digital	ADJ
cet-15664	119	19	services	service	NOUN
cet-15664	119	20	,	,	PUNCT
cet-15664	119	21	derive	derive	VERB
cet-15664	119	22	more	more	ADV
cet-15664	119	23	substantial	substantial	ADJ
cet-15664	119	24	environmental	environmental	ADJ
cet-15664	119	25	returns	return	NOUN
cet-15664	119	26	from	from	ADP
cet-15664	119	27	innovation	innovation	NOUN
cet-15664	119	28	-	-	PUNCT
cet-15664	119	29	driven	drive	VERB
cet-15664	119	30	initiatives	initiative	NOUN
cet-15664	119	31	.	.	PUNCT
cet-15664	120	1	although	although	SCONJ
cet-15664	120	2	structure	structure	NOUN
cet-15664	120	3	2	2	NUM
cet-15664	120	4	underperforms	underperform	NOUN
cet-15664	120	5	in	in	ADP
cet-15664	120	6	terms	term	NOUN
cet-15664	120	7	of	of	ADP
cet-15664	120	8	aggregate	aggregate	ADJ
cet-15664	120	9	environmental	environmental	ADJ
cet-15664	120	10	impact	impact	NOUN
cet-15664	120	11	,	,	PUNCT
cet-15664	120	12	it	it	PRON
cet-15664	120	13	remains	remain	VERB
cet-15664	120	14	a	a	DET
cet-15664	120	15	viable	viable	ADJ
cet-15664	120	16	option	option	NOUN
cet-15664	120	17	for	for	ADP
cet-15664	120	18	industries	industry	NOUN
cet-15664	120	19	constrained	constrain	VERB
cet-15664	120	20	by	by	ADP
cet-15664	120	21	rigid	rigid	ADJ
cet-15664	120	22	capital	capital	NOUN
cet-15664	120	23	structures	structure	NOUN
cet-15664	120	24	,	,	PUNCT
cet-15664	120	25	shorter	short	ADJ
cet-15664	120	26	investment	investment	NOUN
cet-15664	120	27	horizons	horizon	NOUN
cet-15664	120	28	,	,	PUNCT
cet-15664	120	29	or	or	CCONJ
cet-15664	120	30	limited	limited	ADJ
cet-15664	120	31	innovation	innovation	NOUN
cet-15664	120	32	absorptive	absorptive	ADJ
cet-15664	120	33	capacity	capacity	NOUN
cet-15664	120	34	.	.	PUNCT
cet-15664	121	1	the	the	DET
cet-15664	121	2	p‑graph	p‑graph	PROPN
cet-15664	121	3	framework	framework	NOUN
cet-15664	121	4	's	's	PART
cet-15664	121	5	ability	ability	NOUN
cet-15664	121	6	to	to	PART
cet-15664	121	7	enumerate	enumerate	VERB
cet-15664	121	8	globally	globally	ADV
cet-15664	121	9	optimal	optimal	ADJ
cet-15664	121	10	and	and	CCONJ
cet-15664	121	11	feasible	feasible	ADJ
cet-15664	121	12	sub‑optimal	sub‑optimal	ADJ
cet-15664	121	13	configurations	configuration	NOUN
cet-15664	121	14	provides	provide	VERB
cet-15664	121	15	decision‑makers	decision‑maker	NOUN
cet-15664	121	16	with	with	ADP
cet-15664	121	17	flexibility	flexibility	NOUN
cet-15664	121	18	to	to	PART
cet-15664	121	19	trade	trade	VERB
cet-15664	121	20	off	off	ADP
cet-15664	121	21	environmental	environmental	ADJ
cet-15664	121	22	gains	gain	NOUN
cet-15664	121	23	against	against	ADP
cet-15664	121	24	financial	financial	ADJ
cet-15664	121	25	and	and	CCONJ
cet-15664	121	26	operational	operational	ADJ
cet-15664	121	27	constraints	constraint	NOUN
cet-15664	121	28	,	,	PUNCT
cet-15664	121	29	enhancing	enhance	VERB
cet-15664	121	30	its	its	PRON
cet-15664	121	31	practical	practical	ADJ
cet-15664	121	32	relevance	relevance	NOUN
cet-15664	121	33	for	for	ADP
cet-15664	121	34	policy‑oriented	policy‑oriente	VERB
cet-15664	121	35	esg	esg	PROPN
cet-15664	121	36	capital	capital	NOUN
cet-15664	121	37	planning	planning	NOUN
cet-15664	121	38	.	.	PUNCT
cet-15664	122	1	structure	structure	NOUN
cet-15664	122	2	2	2	NUM
cet-15664	122	3	thus	thus	ADV
cet-15664	122	4	provides	provide	VERB
cet-15664	122	5	a	a	DET
cet-15664	122	6	context	context	NOUN
cet-15664	122	7	-	-	PUNCT
cet-15664	122	8	sensitive	sensitive	ADJ
cet-15664	122	9	reference	reference	NOUN
cet-15664	122	10	point	point	NOUN
cet-15664	122	11	that	that	PRON
cet-15664	122	12	accommodates	accommodate	VERB
cet-15664	122	13	sectoral	sectoral	ADJ
cet-15664	122	14	constraints	constraint	NOUN
cet-15664	122	15	while	while	SCONJ
cet-15664	122	16	preserving	preserve	VERB
cet-15664	122	17	positive	positive	ADJ
cet-15664	122	18	environmental	environmental	ADJ
cet-15664	122	19	returns	return	NOUN
cet-15664	122	20	within	within	ADP
cet-15664	122	21	budgetary	budgetary	ADJ
cet-15664	122	22	limits	limit	NOUN
cet-15664	122	23	.	.	PUNCT
cet-15664	123	1	4	4	X
cet-15664	123	2	.	.	X
cet-15664	123	3	discussion	discussion	NOUN
cet-15664	123	4	and	and	CCONJ
cet-15664	123	5	conclusion	conclusion	NOUN
cet-15664	123	6	the	the	DET
cet-15664	123	7	optimization	optimization	NOUN
cet-15664	123	8	results	result	NOUN
cet-15664	123	9	derived	derive	VERB
cet-15664	123	10	from	from	ADP
cet-15664	123	11	the	the	DET
cet-15664	123	12	abb	abb	NOUN
cet-15664	123	13	-	-	PUNCT
cet-15664	123	14	embedded	embed	VERB
cet-15664	123	15	p	p	NOUN
cet-15664	123	16	-	-	PUNCT
cet-15664	123	17	graph	graph	NOUN
cet-15664	123	18	framework	framework	NOUN
cet-15664	123	19	offer	offer	VERB
cet-15664	123	20	critical	critical	ADJ
cet-15664	123	21	insight	insight	NOUN
cet-15664	123	22	into	into	ADP
cet-15664	123	23	how	how	SCONJ
cet-15664	123	24	sectoral	sectoral	ADJ
cet-15664	123	25	heterogeneity	heterogeneity	NOUN
cet-15664	123	26	affects	affect	VERB
cet-15664	123	27	the	the	DET
cet-15664	123	28	efficiency	efficiency	NOUN
cet-15664	123	29	of	of	ADP
cet-15664	123	30	green	green	ADJ
cet-15664	123	31	investment	investment	NOUN
cet-15664	123	32	under	under	ADP
cet-15664	123	33	fixed	fix	VERB
cet-15664	123	34	budget	budget	NOUN
cet-15664	123	35	constraints	constraint	NOUN
cet-15664	123	36	.	.	PUNCT
cet-15664	124	1	as	as	SCONJ
cet-15664	124	2	confirmed	confirm	VERB
cet-15664	124	3	in	in	ADP
cet-15664	124	4	table	table	NOUN
cet-15664	124	5	4	4	NUM
cet-15664	124	6	,	,	PUNCT
cet-15664	124	7	the	the	DET
cet-15664	124	8	optimal	optimal	ADJ
cet-15664	124	9	structure	structure	NOUN
cet-15664	124	10	allocates	allocate	VERB
cet-15664	124	11	the	the	DET
cet-15664	124	12	whole	whole	ADJ
cet-15664	124	13	rmb	rmb	NOUN
cet-15664	124	14	10	10	NUM
cet-15664	124	15	m	m	PROPN
cet-15664	124	16	budget	budget	NOUN
cet-15664	124	17	to	to	ADP
cet-15664	124	18	technology	technology	NOUN
cet-15664	124	19	-	-	PUNCT
cet-15664	124	20	intensive	intensive	ADJ
cet-15664	124	21	sectors	sector	NOUN
cet-15664	124	22	,	,	PUNCT
cet-15664	124	23	generating	generate	VERB
cet-15664	124	24	an	an	DET
cet-15664	124	25	esg_e	esg_e	NOUN
cet-15664	124	26	score	score	NOUN
cet-15664	124	27	of	of	ADP
cet-15664	124	28	78.67	78.67	NUM
cet-15664	124	29	,	,	PUNCT
cet-15664	124	30	more	more	ADJ
cet-15664	124	31	than	than	ADP
cet-15664	124	32	twice	twice	DET
cet-15664	124	33	the	the	DET
cet-15664	124	34	return	return	NOUN
cet-15664	124	35	of	of	ADP
cet-15664	124	36	the	the	DET
cet-15664	124	37	suboptimal	suboptimal	ADJ
cet-15664	124	38	,	,	PUNCT
cet-15664	124	39	asset	asset	NOUN
cet-15664	124	40	-	-	PUNCT
cet-15664	124	41	intensive	intensive	ADJ
cet-15664	124	42	configuration	configuration	NOUN
cet-15664	124	43	(	(	PUNCT
cet-15664	124	44	35.18	35.18	NUM
cet-15664	124	45	)	)	PUNCT
cet-15664	124	46	.	.	PUNCT
cet-15664	125	1	this	this	DET
cet-15664	125	2	divergence	divergence	NOUN
cet-15664	125	3	underscores	underscore	VERB
cet-15664	125	4	that	that	SCONJ
cet-15664	125	5	environmental	environmental	ADJ
cet-15664	125	6	impact	impact	NOUN
cet-15664	125	7	is	be	AUX
cet-15664	125	8	not	not	PART
cet-15664	125	9	linearly	linearly	ADV
cet-15664	125	10	correlated	correlate	VERB
cet-15664	125	11	with	with	ADP
cet-15664	125	12	investment	investment	NOUN
cet-15664	125	13	magnitude	magnitude	NOUN
cet-15664	125	14	but	but	CCONJ
cet-15664	125	15	is	be	AUX
cet-15664	125	16	structurally	structurally	ADV
cet-15664	125	17	dependent	dependent	ADJ
cet-15664	125	18	on	on	ADP
cet-15664	125	19	sector‑specific	sector‑specific	NOUN
cet-15664	125	20	marginal	marginal	ADJ
cet-15664	125	21	productivity	productivity	NOUN
cet-15664	125	22	.	.	PUNCT
cet-15664	126	1	notably	notably	ADV
cet-15664	126	2	,	,	PUNCT
cet-15664	126	3	labor	labor	NOUN
cet-15664	126	4	-	-	PUNCT
cet-15664	126	5	intensive	intensive	ADJ
cet-15664	126	6	sectors	sector	NOUN
cet-15664	126	7	are	be	AUX
cet-15664	126	8	entirely	entirely	ADV
cet-15664	126	9	excluded	exclude	VERB
cet-15664	126	10	from	from	ADP
cet-15664	126	11	efficient	efficient	ADJ
cet-15664	126	12	configurations	configuration	NOUN
cet-15664	126	13	,	,	PUNCT
cet-15664	126	14	reflecting	reflect	VERB
cet-15664	126	15	systemic	systemic	ADJ
cet-15664	126	16	inefficiencies	inefficiency	NOUN
cet-15664	126	17	and	and	CCONJ
cet-15664	126	18	limited	limit	VERB
cet-15664	126	19	absorptive	absorptive	ADJ
cet-15664	126	20	capacity	capacity	NOUN
cet-15664	126	21	for	for	ADP
cet-15664	126	22	technology‑driven	technology‑driven	VERB
cet-15664	126	23	environmental	environmental	ADJ
cet-15664	126	24	upgrades	upgrade	NOUN
cet-15664	126	25	in	in	ADP
cet-15664	126	26	these	these	DET
cet-15664	126	27	industries	industry	NOUN
cet-15664	126	28	.	.	PUNCT
cet-15664	127	1	these	these	DET
cet-15664	127	2	findings	finding	NOUN
cet-15664	127	3	validate	validate	VERB
cet-15664	127	4	our	our	PRON
cet-15664	127	5	econometric	econometric	ADJ
cet-15664	127	6	estimation	estimation	NOUN
cet-15664	127	7	of	of	ADP
cet-15664	127	8	industry‑specific	industry‑specific	NOUN
cet-15664	127	9	elasticities	elasticity	NOUN
cet-15664	127	10	and	and	CCONJ
cet-15664	127	11	highlight	highlight	VERB
cet-15664	127	12	the	the	DET
cet-15664	127	13	value	value	NOUN
cet-15664	127	14	of	of	ADP
cet-15664	127	15	process	process	NOUN
cet-15664	127	16	network	network	NOUN
cet-15664	127	17	synthesis	synthesis	NOUN
cet-15664	127	18	for	for	ADP
cet-15664	127	19	formulating	formulate	VERB
cet-15664	127	20	resource‑constrained	resource‑constraine	VERB
cet-15664	127	21	esg	esg	NOUN
cet-15664	127	22	investment	investment	NOUN
cet-15664	127	23	strategies	strategy	NOUN
cet-15664	127	24	.	.	PUNCT
cet-15664	128	1	relative	relative	ADJ
cet-15664	128	2	to	to	ADP
cet-15664	128	3	conventional	conventional	ADJ
cet-15664	128	4	esg	esg	PROPN
cet-15664	128	5	studies	study	NOUN
cet-15664	128	6	that	that	PRON
cet-15664	128	7	focus	focus	VERB
cet-15664	128	8	on	on	ADP
cet-15664	128	9	descriptive	descriptive	ADJ
cet-15664	128	10	impact	impact	NOUN
cet-15664	128	11	evaluations	evaluation	NOUN
cet-15664	128	12	,	,	PUNCT
cet-15664	128	13	this	this	DET
cet-15664	128	14	study	study	NOUN
cet-15664	128	15	advances	advance	VERB
cet-15664	128	16	the	the	DET
cet-15664	128	17	literature	literature	NOUN
cet-15664	128	18	by	by	ADP
cet-15664	128	19	integrating	integrate	VERB
cet-15664	128	20	a	a	DET
cet-15664	128	21	normative	normative	ADJ
cet-15664	128	22	optimization	optimization	NOUN
cet-15664	128	23	framework	framework	NOUN
cet-15664	128	24	into	into	ADP
cet-15664	128	25	sector	sector	NOUN
cet-15664	128	26	-	-	PUNCT
cet-15664	128	27	level	level	NOUN
cet-15664	128	28	investment	investment	NOUN
cet-15664	128	29	modeling	modeling	NOUN
cet-15664	128	30	.	.	PUNCT
cet-15664	129	1	this	this	DET
cet-15664	129	2	methodological	methodological	ADJ
cet-15664	129	3	innovation	innovation	NOUN
cet-15664	129	4	links	link	NOUN
cet-15664	129	5	regression‑based	regression‑base	VERB
cet-15664	129	6	elasticity	elasticity	NOUN
cet-15664	129	7	estimates	estimate	NOUN
cet-15664	129	8	with	with	ADP
cet-15664	129	9	prescriptive	prescriptive	ADJ
cet-15664	129	10	allocation	allocation	NOUN
cet-15664	129	11	decisions	decision	NOUN
cet-15664	129	12	,	,	PUNCT
cet-15664	129	13	offering	offer	VERB
cet-15664	129	14	a	a	DET
cet-15664	129	15	decomposable	decomposable	ADJ
cet-15664	129	16	decision‑support	decision‑support	NOUN
cet-15664	129	17	structure	structure	NOUN
cet-15664	129	18	that	that	PRON
cet-15664	129	19	formalizes	formalize	VERB
cet-15664	129	20	the	the	DET
cet-15664	129	21	relationship	relationship	NOUN
cet-15664	129	22	between	between	ADP
cet-15664	129	23	esg	esg	NOUN
cet-15664	129	24	returns	return	NOUN
cet-15664	129	25	and	and	CCONJ
cet-15664	129	26	allocation	allocation	NOUN
cet-15664	129	27	logic	logic	NOUN
cet-15664	129	28	.	.	PUNCT
cet-15664	130	1	in	in	ADP
cet-15664	130	2	the	the	DET
cet-15664	130	3	context	context	NOUN
cet-15664	130	4	of	of	ADP
cet-15664	130	5	china	china	PROPN
cet-15664	130	6	's	's	PART
cet-15664	130	7	"	"	PUNCT
cet-15664	130	8	dual‑carbon	dual‑carbon	NOUN
cet-15664	130	9	"	"	PUNCT
cet-15664	130	10	strategy	strategy	NOUN
cet-15664	130	11	,	,	PUNCT
cet-15664	130	12	the	the	DET
cet-15664	130	13	results	result	NOUN
cet-15664	130	14	provide	provide	VERB
cet-15664	130	15	timely	timely	ADJ
cet-15664	130	16	guidance	guidance	NOUN
cet-15664	130	17	for	for	ADP
cet-15664	130	18	policymakers	policymaker	NOUN
cet-15664	130	19	and	and	CCONJ
cet-15664	130	20	investors	investor	NOUN
cet-15664	130	21	on	on	ADP
cet-15664	130	22	prioritizing	prioritize	VERB
cet-15664	130	23	green	green	ADJ
cet-15664	130	24	funds	fund	NOUN
cet-15664	130	25	toward	toward	ADP
cet-15664	130	26	innovation‑driven	innovation‑driven	ADJ
cet-15664	130	27	sectors	sector	NOUN
cet-15664	130	28	with	with	ADP
cet-15664	130	29	the	the	DET
cet-15664	130	30	highest	high	ADJ
cet-15664	130	31	environmental	environmental	ADJ
cet-15664	130	32	returns	return	NOUN
cet-15664	130	33	.	.	PUNCT
cet-15664	131	1	however	however	ADV
cet-15664	131	2	,	,	PUNCT
cet-15664	131	3	the	the	DET
cet-15664	131	4	study	study	NOUN
cet-15664	131	5	also	also	ADV
cet-15664	131	6	acknowledges	acknowledge	VERB
cet-15664	131	7	several	several	ADJ
cet-15664	131	8	limitations	limitation	NOUN
cet-15664	131	9	,	,	PUNCT
cet-15664	131	10	including	include	VERB
cet-15664	131	11	the	the	DET
cet-15664	131	12	static	static	ADJ
cet-15664	131	13	nature	nature	NOUN
cet-15664	131	14	of	of	ADP
cet-15664	131	15	budget	budget	NOUN
cet-15664	131	16	constraints	constraint	NOUN
cet-15664	131	17	,	,	PUNCT
cet-15664	131	18	the	the	DET
cet-15664	131	19	exclusion	exclusion	NOUN
cet-15664	131	20	of	of	ADP
cet-15664	131	21	social	social	ADJ
cet-15664	131	22	and	and	CCONJ
cet-15664	131	23	governance	governance	NOUN
cet-15664	131	24	criteria	criterion	NOUN
cet-15664	131	25	,	,	PUNCT
cet-15664	131	26	and	and	CCONJ
cet-15664	131	27	the	the	DET
cet-15664	131	28	lack	lack	NOUN
cet-15664	131	29	of	of	ADP
cet-15664	131	30	intertemporal	intertemporal	ADJ
cet-15664	131	31	dynamics	dynamic	NOUN
cet-15664	131	32	.	.	PUNCT
cet-15664	132	1	future	future	ADJ
cet-15664	132	2	research	research	NOUN
cet-15664	132	3	may	may	AUX
cet-15664	132	4	extend	extend	VERB
cet-15664	132	5	this	this	DET
cet-15664	132	6	work	work	NOUN
cet-15664	132	7	by	by	ADP
cet-15664	132	8	introducing	introduce	VERB
cet-15664	132	9	multi	multi	ADJ
cet-15664	132	10	-	-	ADJ
cet-15664	132	11	objective	objective	ADJ
cet-15664	132	12	functions	function	NOUN
cet-15664	132	13	,	,	PUNCT
cet-15664	132	14	just	just	ADV
cet-15664	132	15	transition	transition	NOUN
cet-15664	132	16	trade	trade	NOUN
cet-15664	132	17	-	-	PUNCT
cet-15664	132	18	offs	off	NOUN
cet-15664	132	19	,	,	PUNCT
cet-15664	132	20	and	and	CCONJ
cet-15664	132	21	probabilistic	probabilistic	ADJ
cet-15664	132	22	risk	risk	NOUN
cet-15664	132	23	adjustments	adjustment	NOUN
cet-15664	132	24	.	.	PUNCT
cet-15664	133	1	ultimately	ultimately	ADV
cet-15664	133	2	,	,	PUNCT
cet-15664	133	3	our	our	PRON
cet-15664	133	4	framework	framework	NOUN
cet-15664	133	5	offers	offer	VERB
cet-15664	133	6	a	a	DET
cet-15664	133	7	scalable	scalable	ADJ
cet-15664	133	8	solution	solution	NOUN
cet-15664	133	9	for	for	ADP
cet-15664	133	10	esg‑aligned	esg‑aligned	PROPN
cet-15664	133	11	capital	capital	NOUN
cet-15664	133	12	planning	planning	NOUN
cet-15664	133	13	,	,	PUNCT
cet-15664	133	14	bridging	bridge	VERB
cet-15664	133	15	the	the	DET
cet-15664	133	16	gap	gap	NOUN
cet-15664	133	17	between	between	ADP
cet-15664	133	18	econometric	econometric	ADJ
cet-15664	133	19	diagnosis	diagnosis	NOUN
cet-15664	133	20	and	and	CCONJ
cet-15664	133	21	actionable	actionable	ADJ
cet-15664	133	22	allocation	allocation	NOUN
cet-15664	133	23	strategies	strategy	NOUN
cet-15664	133	24	while	while	SCONJ
cet-15664	133	25	enabling	enable	VERB
cet-15664	133	26	alignment	alignment	NOUN
cet-15664	133	27	between	between	ADP
cet-15664	133	28	ecological	ecological	ADJ
cet-15664	133	29	impact	impact	NOUN
cet-15664	133	30	and	and	CCONJ
cet-15664	133	31	institutional	institutional	ADJ
cet-15664	133	32	constraints	constraint	NOUN
cet-15664	133	33	.	.	PUNCT
cet-15664	134	1	acknowledgments	acknowledgment	NOUN
cet-15664	134	2	this	this	DET
cet-15664	134	3	research	research	NOUN
cet-15664	134	4	was	be	AUX
cet-15664	134	5	funded	fund	VERB
cet-15664	134	6	by	by	ADP
cet-15664	134	7	the	the	DET
cet-15664	134	8	graduate	graduate	ADJ
cet-15664	134	9	school	school	NOUN
cet-15664	134	10	of	of	ADP
cet-15664	134	11	business	business	NOUN
cet-15664	134	12	,	,	PUNCT
cet-15664	134	13	national	national	PROPN
cet-15664	134	14	university	university	PROPN
cet-15664	134	15	of	of	ADP
cet-15664	134	16	malaysia	malaysia	PROPN
cet-15664	134	17	:	:	PUNCT
cet-15664	134	18	gsb-2025	gsb-2025	NOUN
cet-15664	134	19	-	-	PUNCT
cet-15664	134	20	023	023	PROPN
cet-15664	134	21	.	.	PUNCT
cet-15664	134	22	references	reference	NOUN
cet-15664	134	23	laokulrach	laokulrach	VERB
cet-15664	134	24	m.	m.	NOUN
cet-15664	134	25	,	,	PUNCT
cet-15664	134	26	2025	2025	NUM
cet-15664	134	27	,	,	PUNCT
cet-15664	134	28	esg	esg	NOUN
cet-15664	134	29	integration	integration	NOUN
cet-15664	134	30	in	in	ADP
cet-15664	134	31	investment	investment	NOUN
cet-15664	134	32	analysis	analysis	NOUN
cet-15664	134	33	.	.	PUNCT
cet-15664	135	1	environmental	environmental	ADJ
cet-15664	135	2	,	,	PUNCT
cet-15664	135	3	social	social	ADJ
cet-15664	135	4	,	,	PUNCT
cet-15664	135	5	and	and	CCONJ
cet-15664	135	6	governance	governance	NOUN
cet-15664	135	7	(	(	PUNCT
cet-15664	135	8	esg	esg	NOUN
cet-15664	135	9	)	)	PUNCT
cet-15664	135	10	investment	investment	NOUN
cet-15664	135	11	and	and	CCONJ
cet-15664	135	12	reporting	reporting	NOUN
cet-15664	135	13	.	.	PUNCT
cet-15664	135	14	springer	springer	NOUN
cet-15664	135	15	nature	nature	PROPN
cet-15664	135	16	,	,	PUNCT
cet-15664	135	17	cham	cham	PROPN
cet-15664	135	18	,	,	PUNCT
cet-15664	135	19	switzerland	switzerland	PROPN
cet-15664	135	20	.	.	PUNCT
cet-15664	136	1	xue	xue	PROPN
cet-15664	136	2	j.	j.	PROPN
cet-15664	136	3	,	,	PUNCT
cet-15664	136	4	poon	poon	NOUN
cet-15664	136	5	j.	j.	PROPN
cet-15664	136	6	,	,	PUNCT
cet-15664	136	7	yang	yang	PROPN
cet-15664	136	8	y.	y.	PROPN
cet-15664	136	9	,	,	PUNCT
cet-15664	136	10	ji	ji	PROPN
cet-15664	136	11	q.	q.	PROPN
cet-15664	136	12	,	,	PUNCT
cet-15664	136	13	2024	2024	NUM
cet-15664	136	14	,	,	PUNCT
cet-15664	136	15	effect	effect	NOUN
cet-15664	136	16	of	of	ADP
cet-15664	136	17	green	green	ADJ
cet-15664	136	18	industrial	industrial	ADJ
cet-15664	136	19	policy	policy	NOUN
cet-15664	136	20	on	on	ADP
cet-15664	136	21	china	china	PROPN
cet-15664	136	22	's	's	PART
cet-15664	136	23	outward	outward	ADJ
cet-15664	136	24	renewable	renewable	ADJ
cet-15664	136	25	energy	energy	NOUN
cet-15664	136	26	investment	investment	NOUN
cet-15664	136	27	.	.	PUNCT
cet-15664	137	1	energy	energy	NOUN
cet-15664	137	2	economics	economic	NOUN
cet-15664	137	3	,	,	PUNCT
cet-15664	137	4	138	138	NUM
cet-15664	137	5	,	,	PUNCT
cet-15664	137	6	107830	107830	NUM
cet-15664	137	7	.	.	PUNCT
cet-15664	138	1	khalid	khalid	PROPN
cet-15664	138	2	f.	f.	PROPN
cet-15664	138	3	,	,	PUNCT
cet-15664	138	4	su	su	PROPN
cet-15664	138	5	c.y	c.y	PROPN
cet-15664	138	6	.	.	PROPN
cet-15664	138	7	,	,	PUNCT
cet-15664	138	8	weiwei	weiwei	PROPN
cet-15664	138	9	k.	k.	PROPN
cet-15664	138	10	,	,	PUNCT
cet-15664	138	11	voinea	voinea	PROPN
cet-15664	138	12	c.l	c.l	PROPN
cet-15664	138	13	.	.	PROPN
cet-15664	138	14	,	,	PUNCT
cet-15664	138	15	srivastava	srivastava	PROPN
cet-15664	138	16	m.	m.	PROPN
cet-15664	138	17	,	,	PUNCT
cet-15664	138	18	2025	2025	NUM
cet-15664	138	19	,	,	PUNCT
cet-15664	138	20	financial	financial	ADJ
cet-15664	138	21	mechanism	mechanism	NOUN
cet-15664	138	22	for	for	ADP
cet-15664	138	23	sustainability	sustainability	NOUN
cet-15664	138	24	:	:	PUNCT
cet-15664	138	25	the	the	DET
cet-15664	138	26	case	case	NOUN
cet-15664	138	27	of	of	ADP
cet-15664	138	28	china	china	PROPN
cet-15664	138	29	’s	’s	PART
cet-15664	138	30	green	green	ADJ
cet-15664	138	31	financial	financial	ADJ
cet-15664	138	32	system	system	NOUN
cet-15664	138	33	and	and	CCONJ
cet-15664	138	34	corporate	corporate	ADJ
cet-15664	138	35	green	green	ADJ
cet-15664	138	36	investment	investment	NOUN
cet-15664	138	37	.	.	PUNCT
cet-15664	139	1	china	china	PROPN
cet-15664	139	2	finance	finance	PROPN
cet-15664	139	3	review	review	PROPN
cet-15664	139	4	international	international	ADJ
cet-15664	139	5	,	,	PUNCT
cet-15664	139	6	15	15	NUM
cet-15664	139	7	,	,	PUNCT
cet-15664	139	8	93	93	NUM
cet-15664	139	9	-	-	SYM
cet-15664	139	10	116	116	NUM
cet-15664	139	11	.	.	PUNCT
cet-15664	140	1	li	li	PROPN
cet-15664	140	2	x.	x.	PROPN
cet-15664	140	3	,	,	PUNCT
cet-15664	140	4	li	li	PROPN
cet-15664	140	5	m.	m.	PROPN
cet-15664	140	6	,	,	PUNCT
cet-15664	140	7	zeng	zeng	PROPN
cet-15664	140	8	h.	h.	PROPN
cet-15664	140	9	,	,	PUNCT
cet-15664	140	10	2024	2024	NUM
cet-15664	140	11	,	,	PUNCT
cet-15664	140	12	environmental	environmental	ADJ
cet-15664	140	13	judicial	judicial	ADJ
cet-15664	140	14	reform	reform	NOUN
cet-15664	140	15	and	and	CCONJ
cet-15664	140	16	corporate	corporate	ADJ
cet-15664	140	17	investment	investment	NOUN
cet-15664	140	18	behavior	behavior	NOUN
cet-15664	140	19	—	—	PUNCT
cet-15664	140	20	based	base	VERB
cet-15664	140	21	on	on	ADP
cet-15664	140	22	a	a	DET
cet-15664	140	23	quasi	quasi	ADJ
cet-15664	140	24	-	-	ADJ
cet-15664	140	25	natural	natural	ADJ
cet-15664	140	26	experiment	experiment	NOUN
cet-15664	140	27	of	of	ADP
cet-15664	140	28	environmental	environmental	ADJ
cet-15664	140	29	courts	court	NOUN
cet-15664	140	30	.	.	PUNCT
cet-15664	141	1	journal	journal	PROPN
cet-15664	141	2	of	of	ADP
cet-15664	141	3	environmental	environmental	ADJ
cet-15664	141	4	management	management	NOUN
cet-15664	141	5	,	,	PUNCT
cet-15664	141	6	365	365	NUM
cet-15664	141	7	,	,	PUNCT
cet-15664	141	8	121640	121640	NUM
cet-15664	141	9	.	.	PUNCT
cet-15664	142	1	lim	lim	PROPN
cet-15664	142	2	s.y	s.y	PROPN
cet-15664	142	3	.	.	PROPN
cet-15664	142	4	,	,	PUNCT
cet-15664	142	5	chemmangttuvalappil	chemmangttuvalappil	PROPN
cet-15664	142	6	n.g	n.g	PROPN
cet-15664	142	7	.	.	PROPN
cet-15664	142	8	,	,	PUNCT
cet-15664	142	9	tapia	tapia	PROPN
cet-15664	142	10	j.f.d	j.f.d	PROPN
cet-15664	142	11	.	.	PROPN
cet-15664	142	12	,	,	PUNCT
cet-15664	142	13	khoiroh	khoiroh	PROPN
cet-15664	142	14	i.	i.	PROPN
cet-15664	142	15	,	,	PUNCT
cet-15664	142	16	chai	chai	NOUN
cet-15664	142	17	p.v	p.v	PROPN
cet-15664	142	18	.	.	PROPN
cet-15664	142	19	,	,	PUNCT
cet-15664	142	20	ng	ng	PROPN
cet-15664	142	21	l.y	l.y	PROPN
cet-15664	142	22	,	,	PUNCT
cet-15664	142	23	2025	2025	NUM
cet-15664	142	24	,	,	PUNCT
cet-15664	142	25	optimal	optimal	ADJ
cet-15664	142	26	chemical	chemical	NOUN
cet-15664	142	27	reaction	reaction	NOUN
cet-15664	142	28	pathway	pathway	NOUN
cet-15664	142	29	for	for	ADP
cet-15664	142	30	palm	palm	NOUN
cet-15664	142	31	process	process	NOUN
cet-15664	142	32	residue	residue	NOUN
cet-15664	142	33	recovery	recovery	NOUN
cet-15664	142	34	using	use	VERB
cet-15664	142	35	process	process	NOUN
cet-15664	142	36	graph	graph	NOUN
cet-15664	142	37	(	(	PUNCT
cet-15664	142	38	p	p	NOUN
cet-15664	142	39	-	-	PUNCT
cet-15664	142	40	graph	graph	NOUN
cet-15664	142	41	)	)	PUNCT
cet-15664	142	42	framework	framework	NOUN
cet-15664	142	43	.	.	PUNCT
cet-15664	143	1	computers	computer	NOUN
cet-15664	143	2	&	&	CCONJ
cet-15664	143	3	chemical	chemical	PROPN
cet-15664	143	4	engineering	engineering	PROPN
cet-15664	143	5	,	,	PUNCT
cet-15664	143	6	194	194	NUM
cet-15664	143	7	,	,	PUNCT
cet-15664	143	8	109000	109000	NUM
cet-15664	143	9	.	.	PUNCT
cet-15664	144	1	tan	tan	PROPN
cet-15664	144	2	a.s.t	a.s.t	PROPN
cet-15664	144	3	.	.	PROPN
cet-15664	144	4	,	,	PUNCT
cet-15664	144	5	uthayakumar	uthayakumar	PROPN
cet-15664	144	6	h.	h.	PROPN
cet-15664	144	7	,	,	PUNCT
cet-15664	144	8	yeo	yeo	PROPN
cet-15664	144	9	l.s	l.s	PROPN
cet-15664	144	10	.	.	PROPN
cet-15664	144	11	,	,	PUNCT
cet-15664	144	12	kong	kong	PROPN
cet-15664	144	13	k.g.h	k.g.h	PROPN
cet-15664	144	14	.	.	PROPN
cet-15664	144	15	,	,	PUNCT
cet-15664	144	16	lo	lo	PROPN
cet-15664	144	17	s.l.y	s.l.y	PROPN
cet-15664	144	18	.	.	PROPN
cet-15664	144	19	,	,	PUNCT
cet-15664	144	20	andiappan	andiappan	PROPN
cet-15664	145	1	v.	v.	PROPN
cet-15664	145	2	,	,	PUNCT
cet-15664	145	3	loy	loy	PROPN
cet-15664	145	4	a.c.m	a.c.m	PROPN
cet-15664	145	5	.	.	PROPN
cet-15664	145	6	,	,	PUNCT
cet-15664	145	7	teng	teng	PROPN
cet-15664	145	8	s.y	s.y	PROPN
cet-15664	145	9	.	.	PROPN
cet-15664	145	10	,	,	PUNCT
cet-15664	145	11	how	how	SCONJ
cet-15664	145	12	,	,	PUNCT
cet-15664	145	13	b.	b.	PROPN
cet-15664	145	14	s.	s.	PROPN
cet-15664	145	15	,	,	PUNCT
cet-15664	145	16	2024	2024	NUM
cet-15664	145	17	,	,	PUNCT
cet-15664	145	18	shapley	shapley	NOUN
cet-15664	145	19	-	-	PUNCT
cet-15664	145	20	shubik	shubik	PROPN
cet-15664	145	21	agents	agent	NOUN
cet-15664	145	22	within	within	ADP
cet-15664	145	23	superstructure	superstructure	NOUN
cet-15664	145	24	-	-	PUNCT
cet-15664	145	25	based	base	VERB
cet-15664	145	26	recycling	recycling	NOUN
cet-15664	145	27	model	model	NOUN
cet-15664	145	28	:	:	PUNCT
cet-15664	145	29	circular	circular	ADJ
cet-15664	145	30	economy	economy	NOUN
cet-15664	145	31	approaches	approach	VERB
cet-15664	145	32	for	for	ADP
cet-15664	145	33	fish	fish	NOUN
cet-15664	145	34	waste	waste	PROPN
cet-15664	145	35	eco	eco	PROPN
cet-15664	145	36	-	-	PUNCT
cet-15664	145	37	industrial	industrial	ADJ
cet-15664	145	38	park	park	NOUN
cet-15664	145	39	.	.	PUNCT
cet-15664	146	1	process	process	NOUN
cet-15664	146	2	integration	integration	NOUN
cet-15664	146	3	and	and	CCONJ
cet-15664	146	4	optimization	optimization	NOUN
cet-15664	146	5	for	for	ADP
cet-15664	146	6	sustainability	sustainability	NOUN
cet-15664	146	7	,	,	PUNCT
cet-15664	146	8	8	8	NUM
cet-15664	146	9	,	,	PUNCT
cet-15664	146	10	487	487	NUM
cet-15664	146	11	-	-	SYM
cet-15664	146	12	501	501	NUM
cet-15664	146	13	.	.	PUNCT
cet-15664	147	1	donghui	donghui	PROPN
cet-15664	147	2	z.	z.	PROPN
cet-15664	147	3	,	,	PUNCT
cet-15664	147	4	yusoff	yusoff	PROPN
cet-15664	147	5	w.s	w.s	PROPN
cet-15664	147	6	.	.	PROPN
cet-15664	147	7	,	,	PUNCT
cet-15664	147	8	salleh	salleh	PROPN
cet-15664	147	9	m.f.m	m.f.m	PROPN
cet-15664	147	10	.	.	PROPN
cet-15664	147	11	,	,	PUNCT
cet-15664	147	12	lin	lin	PROPN
cet-15664	147	13	n.s	n.s	PROPN
cet-15664	147	14	.	.	PROPN
cet-15664	147	15	,	,	PUNCT
cet-15664	147	16	jamil	jamil	PROPN
cet-15664	147	17	a.h	a.h	PROPN
cet-15664	147	18	.	.	PROPN
cet-15664	147	19	,	,	PUNCT
cet-15664	147	20	abd	abd	PROPN
cet-15664	147	21	r.m.j	r.m.j	PROPN
cet-15664	147	22	.	.	PUNCT
cet-15664	147	23	,	,	PUNCT
cet-15664	147	24	shaari	shaari	PROPN
cet-15664	147	25	m.s	m.s	PROPN
cet-15664	147	26	.	.	PROPN
cet-15664	147	27	,	,	PUNCT
cet-15664	147	28	2025	2025	NUM
cet-15664	147	29	,	,	PUNCT
cet-15664	147	30	the	the	DET
cet-15664	147	31	impact	impact	NOUN
cet-15664	147	32	of	of	ADP
cet-15664	147	33	esg	esg	PROPN
cet-15664	147	34	and	and	CCONJ
cet-15664	147	35	the	the	DET
cet-15664	147	36	institutional	institutional	ADJ
cet-15664	147	37	environment	environment	NOUN
cet-15664	147	38	on	on	ADP
cet-15664	147	39	investment	investment	NOUN
cet-15664	147	40	efficiency	efficiency	NOUN
cet-15664	147	41	in	in	ADP
cet-15664	147	42	china	china	PROPN
cet-15664	147	43	through	through	ADP
cet-15664	147	44	the	the	DET
cet-15664	147	45	mediators	mediator	NOUN
cet-15664	147	46	of	of	ADP
cet-15664	147	47	agency	agency	NOUN
cet-15664	147	48	costs	cost	NOUN
cet-15664	147	49	and	and	CCONJ
cet-15664	147	50	financial	financial	ADJ
cet-15664	147	51	constraints	constraint	NOUN
cet-15664	147	52	.	.	PUNCT
cet-15664	148	1	social	social	ADJ
cet-15664	148	2	sciences	sciences	PROPN
cet-15664	148	3	&	&	CCONJ
cet-15664	148	4	humanities	humanity	NOUN
cet-15664	148	5	open	open	VERB
cet-15664	148	6	,	,	PUNCT
cet-15664	148	7	11	11	NUM
cet-15664	148	8	,	,	PUNCT
cet-15664	148	9	101323	101323	NUM
cet-15664	148	10	.	.	PUNCT
cet-15664	149	1	234	234	NUM
cet-15664	149	2	0124.pdf	0124.pdf	NOUN
cet-15664	149	3	maximizing	maximize	VERB
cet-15664	149	4	environmental	environmental	ADJ
cet-15664	149	5	returns	return	NOUN
cet-15664	149	6	under	under	ADP
cet-15664	149	7	capital	capital	NOUN
cet-15664	149	8	constraints	constraint	NOUN
cet-15664	149	9	:	:	PUNCT
cet-15664	149	10	a	a	DET
cet-15664	149	11	sectoral	sectoral	ADJ
cet-15664	149	12	optimization	optimization	NOUN
cet-15664	149	13	model	model	NOUN
cet-15664	149	14	using	use	VERB
cet-15664	149	15	p	p	NOUN
cet-15664	149	16	-	-	PUNCT
cet-15664	149	17	graph	graph	NOUN