id	sid	tid	token	lemma	pos
cblr-2930	1	1	the	the	DET
cblr-2930	1	2	mechanisms	mechanism	NOUN
cblr-2930	1	3	of	of	ADP
cblr-2930	1	4	voting	voting	NOUN
cblr-2930	1	5	efficiency	efficiency	NOUN
cblr-2930	1	6	the	the	DET
cblr-2930	1	7	mechanisms	mechanism	NOUN
cblr-2930	1	8	of	of	ADP
cblr-2930	1	9	voting	voting	NOUN
cblr-2930	1	10	efficiency	efficiency	NOUN
cblr-2930	1	11	michael	michael	PROPN
cblr-2930	1	12	c.	c.	PROPN
cblr-2930	1	13	schouten	schouten	PROPN
cblr-2930	1	14	*	*	PROPN
cblr-2930	1	15	introduction	introduction	NOUN
cblr-2930	1	16	.................................	.................................	PUNCT
cblr-2930	1	17	766	766	NUM
cblr-2930	1	18	i.	i.	NOUN
cblr-2930	1	19	defining	define	VERB
cblr-2930	1	20	efficiency	efficiency	NOUN
cblr-2930	1	21	......................	......................	PUNCT
cblr-2930	2	1	.....	.....	PUNCT
cblr-2930	2	2	774	774	NUM
cblr-2930	2	3	ii	ii	NOUN
cblr-2930	2	4	.	.	PUNCT
cblr-2930	3	1	the	the	DET
cblr-2930	3	2	mechanisms	mechanism	NOUN
cblr-2930	3	3	of	of	ADP
cblr-2930	3	4	voting	voting	NOUN
cblr-2930	3	5	efficiency	efficiency	NOUN
cblr-2930	3	6	........	........	PUNCT
cblr-2930	3	7	........	........	PUNCT
cblr-2930	4	1	780	780	NUM
cblr-2930	4	2	a.	a.	NOUN
cblr-2930	4	3	informed	informed	ADJ
cblr-2930	4	4	voting	voting	NOUN
cblr-2930	4	5	....................	....................	PUNCT
cblr-2930	4	6	780	780	NUM
cblr-2930	4	7	b.	b.	PROPN
cblr-2930	4	8	rational	rational	ADJ
cblr-2930	4	9	voting	voting	NOUN
cblr-2930	4	10	.................	.................	PUNCT
cblr-2930	4	11	........	........	PUNCT
cblr-2930	5	1	781	781	NUM
cblr-2930	5	2	1	1	NUM
cblr-2930	5	3	.	.	PUNCT
cblr-2930	5	4	sample	sample	NOUN
cblr-2930	5	5	size	size	NOUN
cblr-2930	5	6	neglect	neglect	NOUN
cblr-2930	5	7	............	............	PUNCT
cblr-2930	5	8	......	......	PUNCT
cblr-2930	6	1	783	783	NUM
cblr-2930	6	2	2	2	NUM
cblr-2930	6	3	.	.	PUNCT
cblr-2930	6	4	optimism	optimism	NOUN
cblr-2930	6	5	.................	.................	PUNCT
cblr-2930	6	6	.............	.............	PUNCT
cblr-2930	7	1	786	786	NUM
cblr-2930	7	2	3	3	NUM
cblr-2930	7	3	.	.	PUNCT
cblr-2930	7	4	attribution	attribution	NOUN
cblr-2930	7	5	errors	error	NOUN
cblr-2930	7	6	...............	...............	PUNCT
cblr-2930	7	7	.....	.....	PUNCT
cblr-2930	8	1	788	788	NUM
cblr-2930	8	2	c.	c.	NOUN
cblr-2930	8	3	independent	independent	ADJ
cblr-2930	8	4	voting	voting	NOUN
cblr-2930	8	5	.....................	.....................	PUNCT
cblr-2930	9	1	790	790	NUM
cblr-2930	9	2	1	1	NUM
cblr-2930	9	3	.	.	PUNCT
cblr-2930	9	4	correlated	correlate	VERB
cblr-2930	9	5	biases	bias	NOUN
cblr-2930	9	6	...........	...........	PUNCT
cblr-2930	9	7	................	................	PUNCT
cblr-2930	10	1	793	793	NUM
cblr-2930	10	2	2	2	NUM
cblr-2930	10	3	.	.	PUNCT
cblr-2930	10	4	information	information	NOUN
cblr-2930	10	5	cascades	cascade	VERB
cblr-2930	10	6	..........	..........	PUNCT
cblr-2930	10	7	.......	.......	PUNCT
cblr-2930	11	1	796	796	NUM
cblr-2930	11	2	3	3	NUM
cblr-2930	11	3	.	.	PUNCT
cblr-2930	11	4	opinion	opinion	NOUN
cblr-2930	11	5	leaders	leader	NOUN
cblr-2930	11	6	.	.	PUNCT
cblr-2930	12	1	................	................	PUNCT
cblr-2930	13	1	.....	.....	PUNCT
cblr-2930	14	1	799	799	NUM
cblr-2930	14	2	d.	d.	PROPN
cblr-2930	14	3	sincere	sincere	PROPN
cblr-2930	15	1	votingfi	votingfi	PROPN
cblr-2930	15	2	........................	........................	PUNCT
cblr-2930	16	1	802	802	NUM
cblr-2930	16	2	1	1	NUM
cblr-2930	16	3	.	.	PUNCT
cblr-2930	16	4	conflicted	conflicted	ADJ
cblr-2930	16	5	voting	voting	NOUN
cblr-2930	16	6	.....................	.....................	PUNCT
cblr-2930	16	7	802	802	NUM
cblr-2930	16	8	2	2	NUM
cblr-2930	16	9	.	.	PUNCT
cblr-2930	16	10	strategic	strategic	ADJ
cblr-2930	16	11	voting	voting	NOUN
cblr-2930	16	12	.....................	.....................	PUNCT
cblr-2930	16	13	806	806	NUM
cblr-2930	16	14	iii	iii	NOUN
cblr-2930	16	15	.	.	PUNCT
cblr-2930	17	1	the	the	DET
cblr-2930	17	2	limits	limit	NOUN
cblr-2930	17	3	of	of	ADP
cblr-2930	17	4	arbitrage	arbitrage	NOUN
cblr-2930	17	5	......................	......................	PUNCT
cblr-2930	17	6	809	809	NUM
cblr-2930	17	7	a.	a.	NOUN
cblr-2930	17	8	share	share	NOUN
cblr-2930	17	9	trading	trading	NOUN
cblr-2930	17	10	.........................	.........................	PUNCT
cblr-2930	17	11	810	810	NUM
cblr-2930	17	12	b.	b.	PROPN
cblr-2930	17	13	proxy	proxy	PROPN
cblr-2930	17	14	solicitation	solicitation	NOUN
cblr-2930	17	15	.......................	.......................	PUNCT
cblr-2930	17	16	813	813	NUM
cblr-2930	17	17	c.	c.	NOUN
cblr-2930	17	18	vote	vote	NOUN
cblr-2930	17	19	buying	buying	NOUN
cblr-2930	17	20	..............	..............	PUNCT
cblr-2930	17	21	.............	.............	PUNCT
cblr-2930	17	22	814	814	NUM
cblr-2930	17	23	iv	iv	NOUN
cblr-2930	17	24	.	.	PUNCT
cblr-2930	17	25	policy	policy	NOUN
cblr-2930	17	26	implications	implication	NOUN
cblr-2930	17	27	..........................	..........................	PUNCT
cblr-2930	17	28	818	818	NUM
cblr-2930	17	29	a.	a.	NOUN
cblr-2930	17	30	empty	empty	ADJ
cblr-2930	17	31	voting	voting	NOUN
cblr-2930	17	32	..........................	..........................	PUNCT
cblr-2930	17	33	818	818	NUM
cblr-2930	17	34	b.	b.	PROPN
cblr-2930	17	35	proxy	proxy	PROPN
cblr-2930	17	36	advisers	adviser	NOUN
cblr-2930	17	37	.................	.................	PUNCT
cblr-2930	17	38	...............	...............	PUNCT
cblr-2930	18	1	827	827	NUM
cblr-2930	18	2	*	*	PUNCT
cblr-2930	18	3	visiting	visit	VERB
cblr-2930	18	4	fellow	fellow	NOUN
cblr-2930	18	5	,	,	PUNCT
cblr-2930	18	6	university	university	PROPN
cblr-2930	18	7	of	of	ADP
cblr-2930	18	8	cambridge	cambridge	PROPN
cblr-2930	18	9	,	,	PUNCT
cblr-2930	18	10	centre	centre	NOUN
cblr-2930	18	11	for	for	ADP
cblr-2930	18	12	business	business	NOUN
cblr-2930	18	13	research	research	NOUN
cblr-2930	18	14	;	;	PUNCT
cblr-2930	18	15	teaching	teach	VERB
cblr-2930	18	16	fellow	fellow	NOUN
cblr-2930	18	17	,	,	PUNCT
cblr-2930	18	18	duisenberg	duisenberg	PROPN
cblr-2930	18	19	school	school	NOUN
cblr-2930	18	20	of	of	ADP
cblr-2930	18	21	finance	finance	NOUN
cblr-2930	18	22	;	;	PUNCT
cblr-2930	18	23	s.j.d	s.j.d	NOUN
cblr-2930	18	24	candidate	candidate	NOUN
cblr-2930	18	25	,	,	PUNCT
cblr-2930	18	26	university	university	NOUN
cblr-2930	18	27	of	of	ADP
cblr-2930	18	28	amsterdam	amsterdam	PROPN
cblr-2930	18	29	.	.	PUNCT
cblr-2930	19	1	e	e	X
cblr-2930	19	2	-	-	NOUN
cblr-2930	19	3	mail	mail	NOUN
cblr-2930	19	4	:	:	PUNCT
cblr-2930	19	5	mcs76@cam.ac.uk	mcs76@cam.ac.uk	ADJ
cblr-2930	19	6	.	.	PUNCT
cblr-2930	20	1	for	for	ADP
cblr-2930	20	2	helpful	helpful	ADJ
cblr-2930	20	3	comments	comment	NOUN
cblr-2930	20	4	,	,	PUNCT
cblr-2930	20	5	i	i	PRON
cblr-2930	20	6	am	be	AUX
cblr-2930	20	7	grateful	grateful	ADJ
cblr-2930	20	8	to	to	PART
cblr-2930	20	9	stephen	stephen	PROPN
cblr-2930	20	10	bainbridge	bainbridge	PROPN
cblr-2930	20	11	,	,	PUNCT
cblr-2930	20	12	bryan	bryan	PROPN
cblr-2930	20	13	caplan	caplan	PROPN
cblr-2930	20	14	,	,	PUNCT
cblr-2930	20	15	brian	brian	PROPN
cblr-2930	20	16	cheffins	cheffins	PROPN
cblr-2930	20	17	,	,	PUNCT
cblr-2930	20	18	simon	simon	PROPN
cblr-2930	20	19	deakin	deakin	PROPN
cblr-2930	20	20	,	,	PUNCT
cblr-2930	20	21	luca	luca	PROPN
cblr-2930	20	22	enriques	enrique	NOUN
cblr-2930	20	23	,	,	PUNCT
cblr-2930	20	24	guido	guido	NOUN
cblr-2930	20	25	ferrarini	ferrarini	PROPN
cblr-2930	20	26	,	,	PUNCT
cblr-2930	20	27	gillian	gillian	PROPN
cblr-2930	20	28	hadfield	hadfield	PROPN
cblr-2930	20	29	,	,	PUNCT
cblr-2930	20	30	hdlone	hdlone	NOUN
cblr-2930	20	31	landemore	landemore	NOUN
cblr-2930	20	32	,	,	PUNCT
cblr-2930	20	33	henry	henry	PROPN
cblr-2930	20	34	manne	manne	PROPN
cblr-2930	20	35	,	,	PUNCT
cblr-2930	20	36	joe	joe	PROPN
cblr-2930	20	37	mccahery	mccahery	PROPN
cblr-2930	20	38	,	,	PUNCT
cblr-2930	20	39	curtis	curtis	PROPN
cblr-2930	20	40	milhaupt	milhaupt	PROPN
cblr-2930	20	41	,	,	PUNCT
cblr-2930	20	42	scott	scott	PROPN
cblr-2930	20	43	page	page	NOUN
cblr-2930	20	44	,	,	PUNCT
cblr-2930	20	45	mathias	mathias	PROPN
cblr-2930	20	46	siems	siems	PROPN
cblr-2930	20	47	,	,	PUNCT
cblr-2930	20	48	eric	eric	PROPN
cblr-2930	20	49	talley	talley	PROPN
cblr-2930	20	50	,	,	PUNCT
cblr-2930	20	51	randall	randall	PROPN
cblr-2930	20	52	thomas	thomas	PROPN
cblr-2930	20	53	,	,	PUNCT
cblr-2930	20	54	adrian	adrian	PROPN
cblr-2930	20	55	vermeule	vermeule	PROPN
cblr-2930	20	56	,	,	PUNCT
cblr-2930	20	57	jaap	jaap	PROPN
cblr-2930	20	58	winter	winter	NOUN
cblr-2930	20	59	and	and	CCONJ
cblr-2930	20	60	workshop	workshop	NOUN
cblr-2930	20	61	participants	participant	NOUN
cblr-2930	20	62	at	at	ADP
cblr-2930	20	63	the	the	DET
cblr-2930	20	64	max	max	PROPN
cblr-2930	20	65	planck	planck	PROPN
cblr-2930	20	66	institute	institute	PROPN
cblr-2930	20	67	in	in	ADP
cblr-2930	20	68	hamburg	hamburg	PROPN
cblr-2930	20	69	,	,	PUNCT
cblr-2930	20	70	germany	germany	PROPN
cblr-2930	20	71	and	and	CCONJ
cblr-2930	20	72	at	at	ADP
cblr-2930	20	73	the	the	DET
cblr-2930	20	74	2010	2010	NUM
cblr-2930	20	75	harvard	harvard	PROPN
cblr-2930	20	76	-	-	PUNCT
cblr-2930	20	77	stanford	stanford	PROPN
cblr-2930	20	78	international	international	PROPN
cblr-2930	20	79	junior	junior	PROPN
cblr-2930	20	80	faculty	faculty	NOUN
cblr-2930	20	81	forum	forum	PROPN
cblr-2930	20	82	.	.	PUNCT
cblr-2930	21	1	part	part	NOUN
cblr-2930	21	2	of	of	ADP
cblr-2930	21	3	the	the	DET
cblr-2930	21	4	research	research	NOUN
cblr-2930	21	5	for	for	ADP
cblr-2930	21	6	this	this	DET
cblr-2930	21	7	article	article	NOUN
cblr-2930	21	8	was	be	AUX
cblr-2930	21	9	conducted	conduct	VERB
cblr-2930	21	10	during	during	ADP
cblr-2930	21	11	my	my	PRON
cblr-2930	21	12	stay	stay	NOUN
cblr-2930	21	13	at	at	ADP
cblr-2930	21	14	columbia	columbia	PROPN
cblr-2930	21	15	law	law	NOUN
cblr-2930	21	16	school	school	NOUN
cblr-2930	21	17	in	in	ADP
cblr-2930	21	18	2009	2009	NUM
cblr-2930	21	19	;	;	PUNCT
cblr-2930	21	20	the	the	DET
cblr-2930	21	21	support	support	NOUN
cblr-2930	21	22	provided	provide	VERB
cblr-2930	21	23	to	to	ADP
cblr-2930	21	24	me	i	PRON
cblr-2930	21	25	during	during	ADP
cblr-2930	21	26	this	this	DET
cblr-2930	21	27	period	period	NOUN
cblr-2930	21	28	is	be	AUX
cblr-2930	21	29	gratefully	gratefully	ADV
cblr-2930	21	30	acknowledged	acknowledge	VERB
cblr-2930	21	31	.	.	PUNCT
cblr-2930	22	1	columbia	columbia	PROPN
cblr-2930	22	2	business	business	PROPN
cblr-2930	22	3	law	law	PROPN
cblr-2930	22	4	review	review	NOUN
cblr-2930	22	5	conclusion	conclusion	NOUN
cblr-2930	22	6	...................................	...................................	PUNCT
cblr-2930	22	7	833	833	NUM
cblr-2930	22	8	in	in	ADP
cblr-2930	22	9	the	the	DET
cblr-2930	22	10	wake	wake	NOUN
cblr-2930	22	11	of	of	ADP
cblr-2930	22	12	the	the	DET
cblr-2930	22	13	financial	financial	ADJ
cblr-2930	22	14	crisis	crisis	NOUN
cblr-2930	22	15	,	,	PUNCT
cblr-2930	22	16	shareholders	shareholder	NOUN
cblr-2930	22	17	are	be	AUX
cblr-2930	22	18	increasingly	increasingly	ADV
cblr-2930	22	19	relied	rely	VERB
cblr-2930	22	20	upon	upon	SCONJ
cblr-2930	22	21	to	to	PART
cblr-2930	22	22	monitor	monitor	VERB
cblr-2930	22	23	directors	director	NOUN
cblr-2930	22	24	.	.	PUNCT
cblr-2930	23	1	but	but	CCONJ
cblr-2930	23	2	while	while	SCONJ
cblr-2930	23	3	much	much	ADJ
cblr-2930	23	4	has	have	AUX
cblr-2930	23	5	been	be	AUX
cblr-2930	23	6	written	write	VERB
cblr-2930	23	7	about	about	ADP
cblr-2930	23	8	directors	director	NOUN
cblr-2930	23	9	'	'	PART
cblr-2930	23	10	flawed	flawed	ADJ
cblr-2930	23	11	judgments	judgment	NOUN
cblr-2930	23	12	,	,	PUNCT
cblr-2930	23	13	remarkably	remarkably	ADV
cblr-2930	23	14	little	little	ADJ
cblr-2930	23	15	is	be	AUX
cblr-2930	23	16	known	know	VERB
cblr-2930	23	17	about	about	ADP
cblr-2930	23	18	shareholders	shareholder	NOUN
cblr-2930	23	19	'	'	PART
cblr-2930	23	20	ability	ability	NOUN
cblr-2930	23	21	to	to	PART
cblr-2930	23	22	make	make	VERB
cblr-2930	23	23	accurate	accurate	ADJ
cblr-2930	23	24	judgments	judgment	NOUN
cblr-2930	23	25	.	.	PUNCT
cblr-2930	24	1	what	what	PRON
cblr-2930	24	2	determines	determine	VERB
cblr-2930	24	3	whether	whether	SCONJ
cblr-2930	24	4	shareholders	shareholder	NOUN
cblr-2930	24	5	make	make	VERB
cblr-2930	24	6	the	the	DET
cblr-2930	24	7	right	right	ADJ
cblr-2930	24	8	decision	decision	NOUN
cblr-2930	24	9	when	when	SCONJ
cblr-2930	24	10	asked	ask	VERB
cblr-2930	24	11	to	to	PART
cblr-2930	24	12	vote	vote	VERB
cblr-2930	24	13	on	on	ADP
cblr-2930	24	14	,	,	PUNCT
cblr-2930	24	15	say	say	INTJ
cblr-2930	24	16	,	,	PUNCT
cblr-2930	24	17	a	a	DET
cblr-2930	24	18	merger	merger	NOUN
cblr-2930	24	19	?	?	PUNCT
cblr-2930	25	1	this	this	DET
cblr-2930	25	2	article	article	NOUN
cblr-2930	25	3	takes	take	VERB
cblr-2930	25	4	a	a	DET
cblr-2930	25	5	novel	novel	ADJ
cblr-2930	25	6	approach	approach	NOUN
cblr-2930	25	7	to	to	ADP
cblr-2930	25	8	this	this	DET
cblr-2930	25	9	question	question	NOUN
cblr-2930	25	10	by	by	ADP
cblr-2930	25	11	drawing	draw	VERB
cblr-2930	25	12	an	an	DET
cblr-2930	25	13	analogy	analogy	NOUN
cblr-2930	25	14	between	between	ADP
cblr-2930	25	15	corporate	corporate	ADJ
cblr-2930	25	16	voting	voting	NOUN
cblr-2930	25	17	and	and	CCONJ
cblr-2930	25	18	another	another	DET
cblr-2930	25	19	system	system	NOUN
cblr-2930	25	20	for	for	ADP
cblr-2930	25	21	aggregating	aggregate	VERB
cblr-2930	25	22	information	information	NOUN
cblr-2930	25	23	on	on	ADP
cblr-2930	25	24	estimated	estimate	VERB
cblr-2930	25	25	values	value	NOUN
cblr-2930	25	26	:	:	PUNCT
cblr-2930	25	27	stock	stock	NOUN
cblr-2930	25	28	trading	trading	NOUN
cblr-2930	25	29	.	.	PUNCT
cblr-2930	26	1	using	use	VERB
cblr-2930	26	2	insights	insight	NOUN
cblr-2930	26	3	on	on	ADP
cblr-2930	26	4	stock	stock	NOUN
cblr-2930	26	5	market	market	NOUN
cblr-2930	26	6	efficiency	efficiency	NOUN
cblr-2930	26	7	,	,	PUNCT
cblr-2930	26	8	the	the	DET
cblr-2930	26	9	article	article	NOUN
cblr-2930	26	10	makes	make	VERB
cblr-2930	26	11	three	three	NUM
cblr-2930	26	12	contributions	contribution	NOUN
cblr-2930	26	13	to	to	ADP
cblr-2930	26	14	our	our	PRON
cblr-2930	26	15	understanding	understanding	NOUN
cblr-2930	26	16	of	of	ADP
cblr-2930	26	17	voting	vote	VERB
cblr-2930	26	18	efficiency	efficiency	NOUN
cblr-2930	26	19	.	.	PUNCT
cblr-2930	27	1	first	first	ADV
cblr-2930	27	2	,	,	PUNCT
cblr-2930	27	3	the	the	DET
cblr-2930	27	4	article	article	NOUN
cblr-2930	27	5	identifies	identify	VERB
cblr-2930	27	6	and	and	CCONJ
cblr-2930	27	7	explores	explore	VERB
cblr-2930	27	8	four	four	NUM
cblr-2930	27	9	key	key	ADJ
cblr-2930	27	10	mechanisms	mechanism	NOUN
cblr-2930	27	11	of	of	ADP
cblr-2930	27	12	voting	vote	VERB
cblr-2930	27	13	efficiency	efficiency	NOUN
cblr-2930	27	14	:	:	PUNCT
cblr-2930	27	15	(	(	PUNCT
cblr-2930	27	16	1	1	X
cblr-2930	27	17	)	)	PUNCT
cblr-2930	27	18	informed	informed	ADJ
cblr-2930	27	19	voting	voting	NOUN
cblr-2930	27	20	,	,	PUNCT
cblr-2930	27	21	which	which	PRON
cblr-2930	27	22	implies	imply	VERB
cblr-2930	27	23	that	that	SCONJ
cblr-2930	27	24	shareholders	shareholder	NOUN
cblr-2930	27	25	have	have	VERB
cblr-2930	27	26	some	some	DET
cblr-2930	27	27	information	information	NOUN
cblr-2930	27	28	upon	upon	SCONJ
cblr-2930	27	29	which	which	PRON
cblr-2930	27	30	to	to	PART
cblr-2930	27	31	base	base	VERB
cblr-2930	27	32	their	their	PRON
cblr-2930	27	33	voting	voting	NOUN
cblr-2930	27	34	decisions	decision	NOUN
cblr-2930	27	35	;	;	PUNCT
cblr-2930	27	36	(	(	PUNCT
cblr-2930	27	37	2	2	X
cblr-2930	27	38	)	)	PUNCT
cblr-2930	27	39	rational	rational	ADJ
cblr-2930	27	40	voting	voting	NOUN
cblr-2930	27	41	,	,	PUNCT
cblr-2930	27	42	which	which	PRON
cblr-2930	27	43	implies	imply	VERB
cblr-2930	27	44	that	that	SCONJ
cblr-2930	27	45	such	such	ADJ
cblr-2930	27	46	information	information	NOUN
cblr-2930	27	47	is	be	AUX
cblr-2930	27	48	processed	process	VERB
cblr-2930	27	49	in	in	ADP
cblr-2930	27	50	a	a	DET
cblr-2930	27	51	rational	rational	ADJ
cblr-2930	27	52	,	,	PUNCT
cblr-2930	27	53	unbiased	unbiased	ADJ
cblr-2930	27	54	way	way	NOUN
cblr-2930	27	55	;	;	PUNCT
cblr-2930	27	56	(	(	PUNCT
cblr-2930	27	57	3	3	X
cblr-2930	27	58	)	)	PUNCT
cblr-2930	27	59	independent	independent	ADJ
cblr-2930	27	60	voting	voting	NOUN
cblr-2930	27	61	,	,	PUNCT
cblr-2930	27	62	which	which	PRON
cblr-2930	27	63	implies	imply	VERB
cblr-2930	27	64	that	that	SCONJ
cblr-2930	27	65	each	each	DET
cblr-2930	27	66	shareholder	shareholder	NOUN
cblr-2930	27	67	arrives	arrive	VERB
cblr-2930	27	68	at	at	ADP
cblr-2930	27	69	a	a	DET
cblr-2930	27	70	judgment	judgment	NOUN
cblr-2930	27	71	by	by	ADP
cblr-2930	27	72	making	make	VERB
cblr-2930	27	73	use	use	NOUN
cblr-2930	27	74	of	of	ADP
cblr-2930	27	75	his	his	PRON
cblr-2930	27	76	or	or	CCONJ
cblr-2930	27	77	her	her	PRON
cblr-2930	27	78	personal	personal	ADJ
cblr-2930	27	79	cognitive	cognitive	ADJ
cblr-2930	27	80	skills	skill	NOUN
cblr-2930	27	81	;	;	PUNCT
cblr-2930	27	82	and	and	CCONJ
cblr-2930	27	83	(	(	PUNCT
cblr-2930	27	84	4	4	X
cblr-2930	27	85	)	)	PUNCT
cblr-2930	27	86	sincere	sincere	ADJ
cblr-2930	27	87	voting	voting	NOUN
cblr-2930	27	88	,	,	PUNCT
cblr-2930	27	89	which	which	PRON
cblr-2930	27	90	implies	imply	VERB
cblr-2930	27	91	that	that	SCONJ
cblr-2930	27	92	shareholders	shareholder	NOUN
cblr-2930	27	93	vote	vote	VERB
cblr-2930	27	94	with	with	ADP
cblr-2930	27	95	a	a	DET
cblr-2930	27	96	view	view	NOUN
cblr-2930	27	97	to	to	ADP
cblr-2930	27	98	furthering	further	VERB
cblr-2930	27	99	the	the	DET
cblr-2930	27	100	common	common	ADJ
cblr-2930	27	101	interest	interest	NOUN
cblr-2930	27	102	of	of	ADP
cblr-2930	27	103	maximizing	maximize	VERB
cblr-2930	27	104	shareholder	shareholder	NOUN
cblr-2930	27	105	value	value	NOUN
cblr-2930	27	106	rather	rather	ADV
cblr-2930	27	107	than	than	ADP
cblr-2930	27	108	their	their	PRON
cblr-2930	27	109	own	own	ADJ
cblr-2930	27	110	private	private	ADJ
cblr-2930	27	111	interests	interest	NOUN
cblr-2930	27	112	.	.	PUNCT
cblr-2930	28	1	second	second	ADV
cblr-2930	28	2	,	,	PUNCT
cblr-2930	28	3	the	the	DET
cblr-2930	28	4	article	article	NOUN
cblr-2930	28	5	shows	show	VERB
cblr-2930	28	6	that	that	SCONJ
cblr-2930	28	7	share	share	NOUN
cblr-2930	28	8	trading	trading	NOUN
cblr-2930	28	9	,	,	PUNCT
cblr-2930	28	10	proxy	proxy	ADJ
cblr-2930	28	11	solicitation	solicitation	NOUN
cblr-2930	28	12	,	,	PUNCT
cblr-2930	28	13	and	and	CCONJ
cblr-2930	28	14	vote	vote	NOUN
cblr-2930	28	15	buying	buying	NOUN
cblr-2930	28	16	can	can	AUX
cblr-2930	28	17	usefully	usefully	ADV
cblr-2930	28	18	be	be	AUX
cblr-2930	28	19	viewed	view	VERB
cblr-2930	28	20	as	as	ADP
cblr-2930	28	21	arbitrage	arbitrage	NOUN
cblr-2930	28	22	techniques	technique	NOUN
cblr-2930	28	23	that	that	PRON
cblr-2930	28	24	reallocate	reallocate	VERB
cblr-2930	28	25	voting	voting	NOUN
cblr-2930	28	26	power	power	NOUN
cblr-2930	28	27	in	in	ADP
cblr-2930	28	28	the	the	DET
cblr-2930	28	29	hands	hand	NOUN
cblr-2930	28	30	of	of	ADP
cblr-2930	28	31	shareholders	shareholder	NOUN
cblr-2930	28	32	with	with	ADP
cblr-2930	28	33	superior	superior	ADJ
cblr-2930	28	34	information	information	NOUN
cblr-2930	28	35	and	and	CCONJ
cblr-2930	28	36	processing	processing	NOUN
cblr-2930	28	37	skills	skill	NOUN
cblr-2930	28	38	,	,	PUNCT
cblr-2930	28	39	and	and	CCONJ
cblr-2930	28	40	with	with	ADP
cblr-2930	28	41	appropriate	appropriate	ADJ
cblr-2930	28	42	incentives	incentive	NOUN
cblr-2930	28	43	.	.	PUNCT
cblr-2930	29	1	by	by	ADP
cblr-2930	29	2	reducing	reduce	VERB
cblr-2930	29	3	information	information	NOUN
cblr-2930	29	4	asymmetry	asymmetry	NOUN
cblr-2930	29	5	,	,	PUNCT
cblr-2930	29	6	arbitrage	arbitrage	NOUN
cblr-2930	29	7	techniques	technique	NOUN
cblr-2930	29	8	potentially	potentially	ADV
cblr-2930	29	9	play	play	VERB
cblr-2930	29	10	an	an	DET
cblr-2930	29	11	important	important	ADJ
cblr-2930	29	12	role	role	NOUN
cblr-2930	29	13	in	in	ADP
cblr-2930	29	14	improving	improve	VERB
cblr-2930	29	15	voting	voting	NOUN
cblr-2930	29	16	efficiency	efficiency	NOUN
cblr-2930	29	17	.	.	PUNCT
cblr-2930	30	1	in	in	ADP
cblr-2930	30	2	practice	practice	NOUN
cblr-2930	30	3	,	,	PUNCT
cblr-2930	30	4	however	however	ADV
cblr-2930	30	5	,	,	PUNCT
cblr-2930	30	6	they	they	PRON
cblr-2930	30	7	are	be	AUX
cblr-2930	30	8	subject	subject	ADJ
cblr-2930	30	9	to	to	ADP
cblr-2930	30	10	cost	cost	NOUN
cblr-2930	30	11	constraints	constraint	NOUN
cblr-2930	30	12	as	as	ADV
cblr-2930	30	13	well	well	ADV
cblr-2930	30	14	as	as	ADP
cblr-2930	30	15	legal	legal	ADJ
cblr-2930	30	16	constraints	constraint	NOUN
cblr-2930	30	17	.	.	PUNCT
cblr-2930	31	1	the	the	DET
cblr-2930	31	2	limits	limit	NOUN
cblr-2930	31	3	of	of	ADP
cblr-2930	31	4	voting	vote	VERB
cblr-2930	31	5	arbitrage	arbitrage	NOUN
cblr-2930	31	6	are	be	AUX
cblr-2930	31	7	significant	significant	ADJ
cblr-2930	31	8	,	,	PUNCT
cblr-2930	31	9	and	and	CCONJ
cblr-2930	31	10	affect	affect	VERB
cblr-2930	31	11	voting	vote	VERB
cblr-2930	31	12	efficiency	efficiency	NOUN
cblr-2930	31	13	much	much	ADV
cblr-2930	31	14	in	in	ADP
cblr-2930	31	15	the	the	DET
cblr-2930	31	16	same	same	ADJ
cblr-2930	31	17	way	way	NOUN
cblr-2930	31	18	as	as	SCONJ
cblr-2930	31	19	limits	limit	NOUN
cblr-2930	31	20	of	of	ADP
cblr-2930	31	21	securities	security	NOUN
cblr-2930	31	22	arbitrage	arbitrage	NOUN
cblr-2930	31	23	affect	affect	VERB
cblr-2930	31	24	market	market	NOUN
cblr-2930	31	25	efficiency	efficiency	NOUN
cblr-2930	31	26	.	.	PUNCT
cblr-2930	32	1	764	764	NUM
cblr-2930	33	1	[	[	X
cblr-2930	33	2	vol	vol	NOUN
cblr-2930	33	3	.	.	PUNCT
cblr-2930	34	1	2010	2010	NUM
cblr-2930	34	2	no	no	NOUN
cblr-2930	34	3	.	.	PUNCT
cblr-2930	35	1	3:763	3:763	NUM
cblr-2930	35	2	]	]	PUNCT
cblr-2930	35	3	mechanisms	mechanism	NOUN
cblr-2930	35	4	of	of	ADP
cblr-2930	35	5	voting	voting	NOUN
cblr-2930	35	6	efficiency	efficiency	NOUN
cblr-2930	35	7	765	765	NUM
cblr-2930	35	8	third	third	ADJ
cblr-2930	35	9	and	and	CCONJ
cblr-2930	35	10	finally	finally	ADV
cblr-2930	35	11	,	,	PUNCT
cblr-2930	35	12	the	the	DET
cblr-2930	35	13	article	article	NOUN
cblr-2930	35	14	analyzes	analyze	VERB
cblr-2930	35	15	two	two	NUM
cblr-2930	35	16	issues	issue	NOUN
cblr-2930	35	17	that	that	PRON
cblr-2930	35	18	are	be	AUX
cblr-2930	35	19	currently	currently	ADV
cblr-2930	35	20	being	be	AUX
cblr-2930	35	21	studied	study	VERB
cblr-2930	35	22	by	by	ADP
cblr-2930	35	23	the	the	DET
cblr-2930	35	24	u.s	u.s	PROPN
cblr-2930	35	25	.	.	PROPN
cblr-2930	35	26	securities	securities	PROPN
cblr-2930	35	27	and	and	CCONJ
cblr-2930	35	28	exchange	exchange	PROPN
cblr-2930	35	29	commission	commission	PROPN
cblr-2930	35	30	and	and	CCONJ
cblr-2930	35	31	policymakers	policymaker	NOUN
cblr-2930	35	32	around	around	ADP
cblr-2930	35	33	the	the	DET
cblr-2930	35	34	world	world	NOUN
cblr-2930	35	35	:	:	PUNCT
cblr-2930	35	36	voting	vote	VERB
cblr-2930	35	37	without	without	ADP
cblr-2930	35	38	corresponding	correspond	VERB
cblr-2930	35	39	financial	financial	ADJ
cblr-2930	35	40	interest	interest	NOUN
cblr-2930	35	41	(	(	PUNCT
cblr-2930	35	42	"	"	PUNCT
cblr-2930	35	43	empty	empty	ADJ
cblr-2930	35	44	voting	voting	NOUN
cblr-2930	35	45	"	"	PUNCT
cblr-2930	35	46	)	)	PUNCT
cblr-2930	35	47	and	and	CCONJ
cblr-2930	35	48	the	the	DET
cblr-2930	35	49	major	major	ADJ
cblr-2930	35	50	influence	influence	NOUN
cblr-2930	35	51	of	of	ADP
cblr-2930	35	52	proxy	proxy	ADJ
cblr-2930	35	53	advisers	adviser	NOUN
cblr-2930	35	54	.	.	PUNCT
cblr-2930	36	1	by	by	ADP
cblr-2930	36	2	showing	show	VERB
cblr-2930	36	3	that	that	SCONJ
cblr-2930	36	4	these	these	DET
cblr-2930	36	5	issues	issue	NOUN
cblr-2930	36	6	each	each	PRON
cblr-2930	36	7	involve	involve	VERB
cblr-2930	36	8	a	a	DET
cblr-2930	36	9	trade	trade	NOUN
cblr-2930	36	10	off	off	ADP
cblr-2930	36	11	between	between	ADP
cblr-2930	36	12	the	the	DET
cblr-2930	36	13	various	various	ADJ
cblr-2930	36	14	mechanisms	mechanism	NOUN
cblr-2930	36	15	of	of	ADP
cblr-2930	36	16	voting	voting	NOUN
cblr-2930	36	17	efficiency	efficiency	NOUN
cblr-2930	36	18	,	,	PUNCT
cblr-2930	36	19	their	their	PRON
cblr-2930	36	20	costs	cost	NOUN
cblr-2930	36	21	and	and	CCONJ
cblr-2930	36	22	benefits	benefit	NOUN
cblr-2930	36	23	are	be	AUX
cblr-2930	36	24	brought	bring	VERB
cblr-2930	36	25	into	into	ADP
cblr-2930	36	26	sharper	sharp	ADJ
cblr-2930	36	27	focus	focus	NOUN
cblr-2930	36	28	.	.	PUNCT
cblr-2930	37	1	several	several	ADJ
cblr-2930	37	2	policy	policy	NOUN
cblr-2930	37	3	options	option	NOUN
cblr-2930	37	4	are	be	AUX
cblr-2930	37	5	then	then	ADV
cblr-2930	37	6	presented	present	VERB
cblr-2930	37	7	to	to	PART
cblr-2930	37	8	mitigate	mitigate	VERB
cblr-2930	37	9	the	the	DET
cblr-2930	37	10	costs	cost	NOUN
cblr-2930	37	11	while	while	SCONJ
cblr-2930	37	12	fostering	foster	VERB
cblr-2930	37	13	the	the	DET
cblr-2930	37	14	benefits	benefit	NOUN
cblr-2930	37	15	.	.	PUNCT
cblr-2930	38	1	columbia	columbia	PROPN
cblr-2930	38	2	business	business	PROPN
cblr-2930	38	3	law	law	PROPN
cblr-2930	38	4	review	review	NOUN
cblr-2930	38	5	"	"	PUNCT
cblr-2930	38	6	the	the	DET
cblr-2930	38	7	shareholders	shareholder	NOUN
cblr-2930	38	8	have	have	VERB
cblr-2930	38	9	no	no	DET
cblr-2930	38	10	clue	clue	NOUN
cblr-2930	38	11	.	.	PUNCT
cblr-2930	38	12	.	.	PUNCT
cblr-2930	38	13	.	.	PUNCT
cblr-2930	38	14	"	"	PUNCT
cblr-2930	39	1	angelo	angelo	PROPN
cblr-2930	39	2	mozillo	mozillo	PROPN
cblr-2930	39	3	,	,	PUNCT
cblr-2930	39	4	ceo	ceo	NOUN
cblr-2930	39	5	,	,	PUNCT
cblr-2930	39	6	countrywide	countrywide	PROPN
cblr-2930	39	7	financial	financial	PROPN
cblr-2930	39	8	corp	corp	PROPN
cblr-2930	39	9	.	.	PROPN
cblr-2930	39	10	'	'	PUNCT
cblr-2930	39	11	introduction	introduction	NOUN
cblr-2930	39	12	when	when	SCONJ
cblr-2930	39	13	stock	stock	NOUN
cblr-2930	39	14	markets	market	NOUN
cblr-2930	39	15	are	be	AUX
cblr-2930	39	16	efficient	efficient	ADJ
cblr-2930	39	17	,	,	PUNCT
cblr-2930	39	18	it	it	PRON
cblr-2930	39	19	becomes	become	VERB
cblr-2930	39	20	harder	hard	ADJ
cblr-2930	39	21	for	for	SCONJ
cblr-2930	39	22	management	management	NOUN
cblr-2930	39	23	to	to	PART
cblr-2930	39	24	obtain	obtain	VERB
cblr-2930	39	25	equity	equity	NOUN
cblr-2930	39	26	financing	financing	NOUN
cblr-2930	39	27	for	for	ADP
cblr-2930	39	28	a	a	DET
cblr-2930	39	29	proposed	propose	VERB
cblr-2930	39	30	acquisition	acquisition	NOUN
cblr-2930	39	31	as	as	ADP
cblr-2930	39	32	the	the	DET
cblr-2930	39	33	marginal	marginal	ADJ
cblr-2930	39	34	value	value	NOUN
cblr-2930	39	35	of	of	ADP
cblr-2930	39	36	the	the	DET
cblr-2930	39	37	acquisition	acquisition	NOUN
cblr-2930	39	38	decreases.2	decreases.2	VERB
cblr-2930	39	39	in	in	ADP
cblr-2930	39	40	a	a	DET
cblr-2930	39	41	similar	similar	ADJ
cblr-2930	39	42	vein	vein	NOUN
cblr-2930	39	43	,	,	PUNCT
cblr-2930	39	44	when	when	SCONJ
cblr-2930	39	45	corporate	corporate	ADJ
cblr-2930	39	46	voting	voting	NOUN
cblr-2930	39	47	is	be	AUX
cblr-2930	39	48	efficient	efficient	ADJ
cblr-2930	39	49	,	,	PUNCT
cblr-2930	39	50	it	it	PRON
cblr-2930	39	51	will	will	AUX
cblr-2930	39	52	become	become	VERB
cblr-2930	39	53	harder	hard	ADJ
cblr-2930	39	54	for	for	SCONJ
cblr-2930	39	55	management	management	NOUN
cblr-2930	39	56	to	to	PART
cblr-2930	39	57	obtain	obtain	VERB
cblr-2930	39	58	shareholder	shareholder	NOUN
cblr-2930	39	59	approval	approval	NOUN
cblr-2930	39	60	for	for	ADP
cblr-2930	39	61	a	a	DET
cblr-2930	39	62	proposed	propose	VERB
cblr-2930	39	63	acquisition	acquisition	NOUN
cblr-2930	39	64	as	as	ADP
cblr-2930	39	65	the	the	DET
cblr-2930	39	66	marginal	marginal	ADJ
cblr-2930	39	67	value	value	NOUN
cblr-2930	39	68	of	of	ADP
cblr-2930	39	69	the	the	DET
cblr-2930	39	70	acquisition	acquisition	NOUN
cblr-2930	39	71	decreases.3	decreases.3	PROPN
cblr-2930	39	72	thus	thus	ADV
cblr-2930	39	73	,	,	PUNCT
cblr-2930	39	74	both	both	DET
cblr-2930	39	75	market	market	NOUN
cblr-2930	39	76	efficiency	efficiency	NOUN
cblr-2930	39	77	and	and	CCONJ
cblr-2930	39	78	voting	voting	NOUN
cblr-2930	39	79	efficiency	efficiency	NOUN
cblr-2930	39	80	are	be	AUX
cblr-2930	39	81	of	of	ADP
cblr-2930	39	82	critical	critical	ADJ
cblr-2930	39	83	importance	importance	NOUN
cblr-2930	39	84	for	for	ADP
cblr-2930	39	85	the	the	DET
cblr-2930	39	86	efficient	efficient	ADJ
cblr-2930	39	87	allocation	allocation	NOUN
cblr-2930	39	88	of	of	ADP
cblr-2930	39	89	resources	resource	NOUN
cblr-2930	39	90	in	in	ADP
cblr-2930	39	91	the	the	DET
cblr-2930	39	92	economy.4	economy.4	NOUN
cblr-2930	39	93	why	why	SCONJ
cblr-2930	39	94	,	,	PUNCT
cblr-2930	39	95	then	then	ADV
cblr-2930	39	96	,	,	PUNCT
cblr-2930	39	97	have	have	VERB
cblr-2930	39	98	finance	finance	NOUN
cblr-2930	39	99	and	and	CCONJ
cblr-2930	39	100	legal	legal	ADJ
cblr-2930	39	101	scholars	scholar	NOUN
cblr-2930	39	102	devoted	devote	VERB
cblr-2930	39	103	such	such	ADJ
cblr-2930	39	104	tremendous	tremendous	ADJ
cblr-2930	39	105	intellectual	intellectual	ADJ
cblr-2930	39	106	efforts	effort	NOUN
cblr-2930	39	107	to	to	ADP
cblr-2930	39	108	examining	examine	VERB
cblr-2930	39	109	market	market	NOUN
cblr-2930	39	110	efficiency	efficiency	NOUN
cblr-2930	39	111	and	and	CCONJ
cblr-2930	39	112	so	so	ADV
cblr-2930	39	113	little	little	ADJ
cblr-2930	39	114	to	to	ADP
cblr-2930	39	115	examining	examine	VERB
cblr-2930	39	116	voting	voting	NOUN
cblr-2930	39	117	efficiency	efficiency	NOUN
cblr-2930	39	118	?	?	PUNCT
cblr-2930	40	1	one	one	NUM
cblr-2930	40	2	explanation	explanation	NOUN
cblr-2930	40	3	is	be	AUX
cblr-2930	40	4	that	that	SCONJ
cblr-2930	40	5	most	most	ADV
cblr-2930	40	6	empirical	empirical	ADJ
cblr-2930	40	7	studies	study	NOUN
cblr-2930	40	8	of	of	ADP
cblr-2930	40	9	market	market	NOUN
cblr-2930	40	10	efficiency	efficiency	NOUN
cblr-2930	40	11	test	test	NOUN
cblr-2930	40	12	a	a	DET
cblr-2930	40	13	straightforward	straightforward	ADJ
cblr-2930	40	14	hypothesis	hypothesis	NOUN
cblr-2930	40	15	:	:	PUNCT
cblr-2930	40	16	if	if	SCONJ
cblr-2930	40	17	markets	market	NOUN
cblr-2930	40	18	are	be	AUX
cblr-2930	40	19	efficient	efficient	ADJ
cblr-2930	40	20	,	,	PUNCT
cblr-2930	40	21	it	it	PRON
cblr-2930	40	22	is	be	AUX
cblr-2930	40	23	impossible	impossible	ADJ
cblr-2930	40	24	to	to	PART
cblr-2930	40	25	consistently	consistently	ADV
cblr-2930	40	26	outperform	outperform	VERB
cblr-2930	40	27	the	the	DET
cblr-2930	40	28	market	market	NOUN
cblr-2930	40	29	.	.	PUNCT
cblr-2930	41	1	the	the	DET
cblr-2930	41	2	early	early	ADJ
cblr-2930	41	3	evidence	evidence	NOUN
cblr-2930	41	4	indicated	indicate	VERB
cblr-2930	41	5	that	that	SCONJ
cblr-2930	41	6	this	this	PRON
cblr-2930	41	7	was	be	AUX
cblr-2930	41	8	indeed	indeed	ADV
cblr-2930	41	9	the	the	DET
cblr-2930	41	10	case	case	NOUN
cblr-2930	41	11	,	,	PUNCT
cblr-2930	41	12	a	a	DET
cblr-2930	41	13	remarkable	remarkable	ADJ
cblr-2930	41	14	finding	finding	NOUN
cblr-2930	41	15	that	that	SCONJ
cblr-2930	41	16	motivated	motivated	ADJ
cblr-2930	41	17	researchers	researcher	NOUN
cblr-2930	41	18	to	to	PART
cblr-2930	41	19	come	come	VERB
cblr-2930	41	20	up	up	ADP
cblr-2930	41	21	with	with	ADP
cblr-2930	41	22	explanations	explanation	NOUN
cblr-2930	41	23	.	.	PUNCT
cblr-2930	41	24	'	'	PUNCT
cblr-2930	42	1	among	among	ADP
cblr-2930	42	2	them	they	PRON
cblr-2930	42	3	were	be	AUX
cblr-2930	42	4	ronald	ronald	PROPN
cblr-2930	42	5	1	1	NUM
cblr-2930	42	6	james	james	PROPN
cblr-2930	42	7	r.	r.	PROPN
cblr-2930	42	8	hagerty	hagerty	PROPN
cblr-2930	42	9	,	,	PUNCT
cblr-2930	42	10	rainmaker	rainmaker	PROPN
cblr-2930	42	11	mozillo	mozillo	PROPN
cblr-2930	42	12	exits	exits	AUX
cblr-2930	42	13	under	under	ADP
cblr-2930	42	14	a	a	DET
cblr-2930	42	15	cloud	cloud	NOUN
cblr-2930	42	16	,	,	PUNCT
cblr-2930	42	17	wall	wall	PROPN
cblr-2930	42	18	st	st	PROPN
cblr-2930	42	19	.	.	PROPN
cblr-2930	42	20	j.	j.	PROPN
cblr-2930	42	21	,	,	PUNCT
cblr-2930	42	22	june	june	PROPN
cblr-2930	42	23	28	28	NUM
cblr-2930	42	24	,	,	PUNCT
cblr-2930	42	25	2008	2008	NUM
cblr-2930	42	26	,	,	PUNCT
cblr-2930	42	27	at	at	ADP
cblr-2930	42	28	b6	b6	NOUN
cblr-2930	42	29	(	(	PUNCT
cblr-2930	42	30	reporting	report	VERB
cblr-2930	42	31	that	that	SCONJ
cblr-2930	42	32	when	when	SCONJ
cblr-2930	42	33	mozillo	mozillo	PROPN
cblr-2930	42	34	was	be	AUX
cblr-2930	42	35	asked	ask	VERB
cblr-2930	42	36	in	in	ADP
cblr-2930	42	37	2007	2007	NUM
cblr-2930	42	38	about	about	ADP
cblr-2930	42	39	proposals	proposal	NOUN
cblr-2930	42	40	to	to	PART
cblr-2930	42	41	give	give	VERB
cblr-2930	42	42	shareholders	shareholder	NOUN
cblr-2930	42	43	a	a	DET
cblr-2930	42	44	nonbinding	nonbinding	NOUN
cblr-2930	42	45	vote	vote	NOUN
cblr-2930	42	46	on	on	ADP
cblr-2930	42	47	compensation	compensation	NOUN
cblr-2930	42	48	,	,	PUNCT
cblr-2930	42	49	he	he	PRON
cblr-2930	42	50	said	say	VERB
cblr-2930	42	51	that	that	SCONJ
cblr-2930	42	52	'	'	PUNCT
cblr-2930	42	53	the	the	DET
cblr-2930	42	54	shareholders	shareholder	NOUN
cblr-2930	42	55	have	have	VERB
cblr-2930	42	56	no	no	DET
cblr-2930	42	57	clue	clue	NOUN
cblr-2930	42	58	'	'	PUNCT
cblr-2930	42	59	how	how	SCONJ
cblr-2930	42	60	much	much	ADJ
cblr-2930	42	61	countrywide	countrywide	NOUN
cblr-2930	42	62	needed	need	VERB
cblr-2930	42	63	to	to	PART
cblr-2930	42	64	pay	pay	VERB
cblr-2930	42	65	to	to	PART
cblr-2930	42	66	attract	attract	VERB
cblr-2930	42	67	talent	talent	NOUN
cblr-2930	42	68	"	"	PUNCT
cblr-2930	42	69	)	)	PUNCT
cblr-2930	42	70	.	.	PUNCT
cblr-2930	43	1	2	2	NUM
cblr-2930	43	2	see	see	VERB
cblr-2930	43	3	merritt	merritt	PROPN
cblr-2930	43	4	b.	b.	PROPN
cblr-2930	43	5	fox	fox	PROPN
cblr-2930	43	6	,	,	PUNCT
cblr-2930	43	7	retaining	retain	VERB
cblr-2930	43	8	mandatory	mandatory	ADJ
cblr-2930	43	9	securities	security	NOUN
cblr-2930	43	10	disclosure	disclosure	NOUN
cblr-2930	43	11	:	:	PUNCT
cblr-2930	43	12	why	why	SCONJ
cblr-2930	43	13	issuer	issuer	ADJ
cblr-2930	43	14	choice	choice	NOUN
cblr-2930	43	15	is	be	AUX
cblr-2930	43	16	not	not	PART
cblr-2930	43	17	investor	investor	NOUN
cblr-2930	43	18	empowerment	empowerment	NOUN
cblr-2930	43	19	,	,	PUNCT
cblr-2930	43	20	85	85	NUM
cblr-2930	43	21	va	va	NOUN
cblr-2930	43	22	.	.	PUNCT
cblr-2930	44	1	l.	l.	PROPN
cblr-2930	44	2	rev	rev	PROPN
cblr-2930	44	3	.	.	PROPN
cblr-2930	44	4	1335	1335	NUM
cblr-2930	44	5	,	,	PUNCT
cblr-2930	44	6	1358	1358	NUM
cblr-2930	44	7	(	(	PUNCT
cblr-2930	44	8	1999	1999	NUM
cblr-2930	44	9	)	)	PUNCT
cblr-2930	45	1	(	(	PUNCT
cblr-2930	45	2	noting	note	VERB
cblr-2930	45	3	that	that	SCONJ
cblr-2930	45	4	accurate	accurate	ADJ
cblr-2930	45	5	share	share	NOUN
cblr-2930	45	6	prices	price	NOUN
cblr-2930	45	7	enable	enable	VERB
cblr-2930	45	8	equity	equity	NOUN
cblr-2930	45	9	providers	provider	NOUN
cblr-2930	45	10	to	to	PART
cblr-2930	45	11	finance	finance	VERB
cblr-2930	45	12	proposed	propose	VERB
cblr-2930	45	13	projects	project	NOUN
cblr-2930	45	14	in	in	ADP
cblr-2930	45	15	rank	rank	NOUN
cblr-2930	45	16	order	order	NOUN
cblr-2930	45	17	of	of	ADP
cblr-2930	45	18	their	their	PRON
cblr-2930	45	19	risk	risk	NOUN
cblr-2930	45	20	-	-	PUNCT
cblr-2930	45	21	adjusted	adjust	VERB
cblr-2930	45	22	returns	return	NOUN
cblr-2930	45	23	)	)	PUNCT
cblr-2930	45	24	.	.	PUNCT
cblr-2930	46	1	see	see	VERB
cblr-2930	46	2	infra	infra	NOUN
cblr-2930	46	3	text	text	NOUN
cblr-2930	46	4	accompanying	accompany	VERB
cblr-2930	46	5	note	note	NOUN
cblr-2930	46	6	33	33	NUM
cblr-2930	46	7	.	.	PUNCT
cblr-2930	47	1	for	for	ADP
cblr-2930	47	2	an	an	DET
cblr-2930	47	3	empirical	empirical	ADJ
cblr-2930	47	4	study	study	NOUN
cblr-2930	47	5	of	of	ADP
cblr-2930	47	6	the	the	DET
cblr-2930	47	7	relation	relation	NOUN
cblr-2930	47	8	between	between	ADP
cblr-2930	47	9	market	market	NOUN
cblr-2930	47	10	efficiency	efficiency	NOUN
cblr-2930	47	11	and	and	CCONJ
cblr-2930	47	12	resource	resource	NOUN
cblr-2930	47	13	allocation	allocation	NOUN
cblr-2930	47	14	,	,	PUNCT
cblr-2930	47	15	see	see	VERB
cblr-2930	47	16	art	art	NOUN
cblr-2930	47	17	durnev	durnev	NOUN
cblr-2930	47	18	,	,	PUNCT
cblr-2930	47	19	randall	randall	PROPN
cblr-2930	47	20	morck	morck	PROPN
cblr-2930	47	21	&	&	CCONJ
cblr-2930	47	22	bernard	bernard	PROPN
cblr-2930	47	23	yeung	yeung	PROPN
cblr-2930	47	24	,	,	PUNCT
cblr-2930	47	25	valueenhancing	valueenhance	VERB
cblr-2930	47	26	capital	capital	NOUN
cblr-2930	47	27	budgeting	budgeting	NOUN
cblr-2930	47	28	and	and	CCONJ
cblr-2930	47	29	firm	firm	ADJ
cblr-2930	47	30	-	-	PUNCT
cblr-2930	47	31	specific	specific	ADJ
cblr-2930	47	32	stock	stock	NOUN
cblr-2930	47	33	return	return	NOUN
cblr-2930	47	34	variation	variation	NOUN
cblr-2930	47	35	,	,	PUNCT
cblr-2930	47	36	59	59	NUM
cblr-2930	47	37	j.	j.	PROPN
cblr-2930	47	38	fin	fin	PROPN
cblr-2930	47	39	.	.	PUNCT
cblr-2930	48	1	65	65	NUM
cblr-2930	48	2	(	(	PUNCT
cblr-2930	48	3	2004	2004	NUM
cblr-2930	48	4	)	)	PUNCT
cblr-2930	48	5	(	(	PUNCT
cblr-2930	48	6	findings	finding	NOUN
cblr-2930	48	7	can	can	AUX
cblr-2930	48	8	be	be	AUX
cblr-2930	48	9	interpreted	interpret	VERB
cblr-2930	48	10	as	as	ADP
cblr-2930	48	11	evidence	evidence	NOUN
cblr-2930	48	12	that	that	SCONJ
cblr-2930	48	13	more	more	ADV
cblr-2930	48	14	informative	informative	ADJ
cblr-2930	48	15	stock	stock	NOUN
cblr-2930	48	16	prices	price	NOUN
cblr-2930	48	17	facilitate	facilitate	VERB
cblr-2930	48	18	more	more	ADV
cblr-2930	48	19	efficient	efficient	ADJ
cblr-2930	48	20	corporate	corporate	ADJ
cblr-2930	48	21	investment	investment	NOUN
cblr-2930	48	22	)	)	PUNCT
cblr-2930	48	23	.	.	PUNCT
cblr-2930	48	24	'	'	PUNCT
cblr-2930	49	1	see	see	VERB
cblr-2930	49	2	eugene	eugene	PROPN
cblr-2930	49	3	a.	a.	PROPN
cblr-2930	49	4	fama	fama	PROPN
cblr-2930	49	5	,	,	PUNCT
cblr-2930	49	6	efficient	efficient	ADJ
cblr-2930	49	7	capital	capital	NOUN
cblr-2930	49	8	markets	market	NOUN
cblr-2930	49	9	:	:	PUNCT
cblr-2930	49	10	a	a	DET
cblr-2930	49	11	review	review	NOUN
cblr-2930	49	12	of	of	ADP
cblr-2930	49	13	theory	theory	NOUN
cblr-2930	49	14	and	and	CCONJ
cblr-2930	49	15	empirical	empirical	ADJ
cblr-2930	49	16	work	work	NOUN
cblr-2930	49	17	,	,	PUNCT
cblr-2930	49	18	25	25	NUM
cblr-2930	49	19	j.	j.	PROPN
cblr-2930	49	20	fin	fin	PROPN
cblr-2930	49	21	.	.	PUNCT
cblr-2930	50	1	383	383	NUM
cblr-2930	50	2	(	(	PUNCT
cblr-2930	50	3	1969	1969	NUM
cblr-2930	50	4	)	)	PUNCT
cblr-2930	50	5	.	.	PUNCT
cblr-2930	51	1	766	766	NUM
cblr-2930	52	1	[	[	X
cblr-2930	52	2	vol	vol	NOUN
cblr-2930	52	3	.	.	PUNCT
cblr-2930	52	4	2010	2010	NUM
cblr-2930	52	5	mechanisms	mechanism	NOUN
cblr-2930	52	6	of	of	ADP
cblr-2930	52	7	voting	voting	NOUN
cblr-2930	52	8	efficiency	efficiency	NOUN
cblr-2930	52	9	gilson	gilson	NOUN
cblr-2930	52	10	and	and	CCONJ
cblr-2930	52	11	reinier	reinier	PROPN
cblr-2930	52	12	kraakman	kraakman	NOUN
cblr-2930	52	13	,	,	PUNCT
cblr-2930	52	14	whose	whose	DET
cblr-2930	52	15	seminal	seminal	ADJ
cblr-2930	52	16	paper	paper	NOUN
cblr-2930	52	17	the	the	DET
cblr-2930	52	18	mechanisms	mechanism	NOUN
cblr-2930	52	19	of	of	ADP
cblr-2930	52	20	market	market	NOUN
cblr-2930	52	21	efficiency	efficiency	NOUN
cblr-2930	52	22	revealed	reveal	VERB
cblr-2930	52	23	how	how	SCONJ
cblr-2930	52	24	the	the	DET
cblr-2930	52	25	market	market	NOUN
cblr-2930	52	26	aggregates	aggregate	VERB
cblr-2930	52	27	information.6	information.6	VERB
cblr-2930	52	28	the	the	DET
cblr-2930	52	29	subsequent	subsequent	ADJ
cblr-2930	52	30	finding	finding	NOUN
cblr-2930	52	31	that	that	SCONJ
cblr-2930	52	32	markets	market	NOUN
cblr-2930	52	33	are	be	AUX
cblr-2930	52	34	not	not	PART
cblr-2930	52	35	all	all	DET
cblr-2930	52	36	that	that	PRON
cblr-2930	52	37	efficient	efficient	ADJ
cblr-2930	52	38	required	require	VERB
cblr-2930	52	39	its	its	PRON
cblr-2930	52	40	own	own	ADJ
cblr-2930	52	41	explanations	explanation	NOUN
cblr-2930	52	42	.	.	PUNCT
cblr-2930	53	1	these	these	PRON
cblr-2930	53	2	were	be	AUX
cblr-2930	53	3	provided	provide	VERB
cblr-2930	53	4	by	by	ADP
cblr-2930	53	5	behavioral	behavioral	ADJ
cblr-2930	53	6	finance	finance	NOUN
cblr-2930	53	7	research	research	NOUN
cblr-2930	53	8	,	,	PUNCT
cblr-2930	53	9	which	which	PRON
cblr-2930	53	10	showed	show	VERB
cblr-2930	53	11	that	that	SCONJ
cblr-2930	53	12	investors	investor	NOUN
cblr-2930	53	13	have	have	AUX
cblr-2930	53	14	bounded	bound	VERB
cblr-2930	53	15	rationality	rationality	NOUN
cblr-2930	53	16	and	and	CCONJ
cblr-2930	53	17	that	that	SCONJ
cblr-2930	53	18	there	there	PRON
cblr-2930	53	19	are	be	VERB
cblr-2930	53	20	limits	limit	NOUN
cblr-2930	53	21	to	to	ADP
cblr-2930	53	22	arbitrage	arbitrage	NOUN
cblr-2930	53	23	.	.	PUNCT
cblr-2930	53	24	'	'	PUNCT
cblr-2930	54	1	as	as	ADP
cblr-2930	54	2	a	a	DET
cblr-2930	54	3	result	result	NOUN
cblr-2930	54	4	of	of	ADP
cblr-2930	54	5	these	these	DET
cblr-2930	54	6	scholarly	scholarly	ADJ
cblr-2930	54	7	efforts	effort	NOUN
cblr-2930	54	8	,	,	PUNCT
cblr-2930	54	9	we	we	PRON
cblr-2930	54	10	now	now	ADV
cblr-2930	54	11	have	have	VERB
cblr-2930	54	12	a	a	DET
cblr-2930	54	13	nuanced	nuanced	ADJ
cblr-2930	54	14	view	view	NOUN
cblr-2930	54	15	of	of	ADP
cblr-2930	54	16	market	market	NOUN
cblr-2930	54	17	efficiency	efficiency	NOUN
cblr-2930	54	18	.	.	PUNCT
cblr-2930	55	1	by	by	ADP
cblr-2930	55	2	contrast	contrast	NOUN
cblr-2930	55	3	,	,	PUNCT
cblr-2930	55	4	there	there	PRON
cblr-2930	55	5	appears	appear	VERB
cblr-2930	55	6	to	to	PART
cblr-2930	55	7	be	be	AUX
cblr-2930	55	8	no	no	DET
cblr-2930	55	9	equally	equally	ADV
cblr-2930	55	10	straightforward	straightforward	ADJ
cblr-2930	55	11	hypothesis	hypothesis	NOUN
cblr-2930	55	12	that	that	PRON
cblr-2930	55	13	can	can	AUX
cblr-2930	55	14	be	be	AUX
cblr-2930	55	15	tested	test	VERB
cblr-2930	55	16	to	to	PART
cblr-2930	55	17	study	study	VERB
cblr-2930	55	18	voting	voting	NOUN
cblr-2930	55	19	efficiency	efficiency	NOUN
cblr-2930	55	20	.	.	PUNCT
cblr-2930	56	1	indeed	indeed	ADV
cblr-2930	56	2	,	,	PUNCT
cblr-2930	56	3	the	the	DET
cblr-2930	56	4	debate	debate	NOUN
cblr-2930	56	5	has	have	AUX
cblr-2930	56	6	been	be	AUX
cblr-2930	56	7	largely	largely	ADV
cblr-2930	56	8	theoretical	theoretical	ADJ
cblr-2930	56	9	,	,	PUNCT
cblr-2930	56	10	and	and	CCONJ
cblr-2930	56	11	limited	limit	VERB
cblr-2930	56	12	in	in	ADP
cblr-2930	56	13	scope	scope	NOUN
cblr-2930	56	14	.	.	PUNCT
cblr-2930	57	1	to	to	ADP
cblr-2930	57	2	the	the	DET
cblr-2930	57	3	extent	extent	NOUN
cblr-2930	57	4	milton	milton	PROPN
cblr-2930	57	5	friedman	friedman	PROPN
cblr-2930	57	6	's	's	PART
cblr-2930	57	7	characterization	characterization	NOUN
cblr-2930	57	8	of	of	ADP
cblr-2930	57	9	shareholders	shareholder	NOUN
cblr-2930	57	10	as	as	ADP
cblr-2930	57	11	"	"	PUNCT
cblr-2930	57	12	owners	owner	NOUN
cblr-2930	57	13	"	"	PUNCT
cblr-2930	57	14	of	of	ADP
cblr-2930	57	15	the	the	DET
cblr-2930	57	16	firm	firm	ADJ
cblr-2930	57	17	left	leave	VERB
cblr-2930	57	18	room	room	NOUN
cblr-2930	57	19	for	for	ADP
cblr-2930	57	20	questioning	question	VERB
cblr-2930	57	21	the	the	DET
cblr-2930	57	22	efficiency	efficiency	NOUN
cblr-2930	57	23	of	of	ADP
cblr-2930	57	24	voting	voting	NOUN
cblr-2930	57	25	,	,	PUNCT
cblr-2930	57	26	the	the	DET
cblr-2930	57	27	debate	debate	NOUN
cblr-2930	57	28	pretty	pretty	ADV
cblr-2930	57	29	much	much	ADV
cblr-2930	57	30	seems	seem	VERB
cblr-2930	57	31	to	to	PART
cblr-2930	57	32	have	have	AUX
cblr-2930	57	33	been	be	AUX
cblr-2930	57	34	silenced	silence	VERB
cblr-2930	57	35	by	by	ADP
cblr-2930	57	36	frank	frank	PROPN
cblr-2930	57	37	easterbrook	easterbrook	PROPN
cblr-2930	57	38	and	and	CCONJ
cblr-2930	57	39	daniel	daniel	PROPN
cblr-2930	57	40	fischel	fischel	PROPN
cblr-2930	57	41	's	's	PART
cblr-2930	57	42	contractarian	contractarian	ADJ
cblr-2930	57	43	argument	argument	NOUN
cblr-2930	57	44	that	that	SCONJ
cblr-2930	57	45	because	because	SCONJ
cblr-2930	57	46	shareholders	shareholder	NOUN
cblr-2930	57	47	are	be	AUX
cblr-2930	57	48	the	the	DET
cblr-2930	57	49	residual	residual	ADJ
cblr-2930	57	50	claimants	claimant	NOUN
cblr-2930	57	51	of	of	ADP
cblr-2930	57	52	the	the	DET
cblr-2930	57	53	firm	firm	NOUN
cblr-2930	57	54	they	they	PRON
cblr-2930	57	55	have	have	VERB
cblr-2930	57	56	the	the	DET
cblr-2930	57	57	appropriate	appropriate	ADJ
cblr-2930	57	58	incentives	incentive	NOUN
cblr-2930	57	59	to	to	PART
cblr-2930	57	60	make	make	VERB
cblr-2930	57	61	discretionary	discretionary	ADJ
cblr-2930	57	62	decisions	decision	NOUN
cblr-2930	57	63	.	.	PUNCT
cblr-2930	58	1	but	but	CCONJ
cblr-2930	58	2	surely	surely	ADV
cblr-2930	58	3	incentives	incentive	VERB
cblr-2930	58	4	alone	alone	ADV
cblr-2930	58	5	do	do	AUX
cblr-2930	58	6	not	not	PART
cblr-2930	58	7	suffice	suffice	VERB
cblr-2930	58	8	.	.	PUNCT
cblr-2930	59	1	whether	whether	SCONJ
cblr-2930	59	2	shareholders	shareholder	NOUN
cblr-2930	59	3	make	make	VERB
cblr-2930	59	4	the	the	DET
cblr-2930	59	5	right	right	ADJ
cblr-2930	59	6	decisions	decision	NOUN
cblr-2930	59	7	,	,	PUNCT
cblr-2930	59	8	such	such	ADJ
cblr-2930	59	9	as	as	ADP
cblr-2930	59	10	rejecting	reject	VERB
cblr-2930	59	11	a	a	DET
cblr-2930	59	12	proposed	propose	VERB
cblr-2930	59	13	merger	merger	NOUN
cblr-2930	59	14	if	if	SCONJ
cblr-2930	59	15	the	the	DET
cblr-2930	59	16	marginal	marginal	ADJ
cblr-2930	59	17	value	value	NOUN
cblr-2930	59	18	is	be	AUX
cblr-2930	59	19	too	too	ADV
cblr-2930	59	20	low	low	ADJ
cblr-2930	59	21	,	,	PUNCT
cblr-2930	59	22	is	be	AUX
cblr-2930	59	23	ultimately	ultimately	ADV
cblr-2930	59	24	an	an	DET
cblr-2930	59	25	empirical	empirical	ADJ
cblr-2930	59	26	question	question	NOUN
cblr-2930	59	27	.	.	PUNCT
cblr-2930	60	1	the	the	DET
cblr-2930	60	2	question	question	NOUN
cblr-2930	60	3	of	of	ADP
cblr-2930	60	4	whether	whether	SCONJ
cblr-2930	60	5	shareholders	shareholder	NOUN
cblr-2930	60	6	make	make	VERB
cblr-2930	60	7	the	the	DET
cblr-2930	60	8	right	right	ADJ
cblr-2930	60	9	decisions	decision	NOUN
cblr-2930	60	10	has	have	AUX
cblr-2930	60	11	perhaps	perhaps	ADV
cblr-2930	60	12	never	never	ADV
cblr-2930	60	13	been	be	AUX
cblr-2930	60	14	more	more	ADV
cblr-2930	60	15	important	important	ADJ
cblr-2930	60	16	.	.	PUNCT
cblr-2930	61	1	in	in	ADP
cblr-2930	61	2	the	the	DET
cblr-2930	61	3	wake	wake	NOUN
cblr-2930	61	4	of	of	ADP
cblr-2930	61	5	the	the	DET
cblr-2930	61	6	financial	financial	ADJ
cblr-2930	61	7	crisis	crisis	NOUN
cblr-2930	61	8	,	,	PUNCT
cblr-2930	61	9	policymakers	policymaker	NOUN
cblr-2930	61	10	across	across	ADP
cblr-2930	61	11	the	the	DET
cblr-2930	61	12	globe	globe	NOUN
cblr-2930	61	13	are	be	AUX
cblr-2930	61	14	rethinking	rethink	VERB
cblr-2930	61	15	the	the	DET
cblr-2930	61	16	role	role	NOUN
cblr-2930	61	17	of	of	ADP
cblr-2930	61	18	shareholders	shareholder	NOUN
cblr-2930	61	19	.	.	PUNCT
cblr-2930	62	1	in	in	ADP
cblr-2930	62	2	the	the	DET
cblr-2930	62	3	united	united	PROPN
cblr-2930	62	4	6	6	NUM
cblr-2930	62	5	ronald	ronald	PROPN
cblr-2930	62	6	j.	j.	PROPN
cblr-2930	62	7	gilson	gilson	PROPN
cblr-2930	62	8	&	&	CCONJ
cblr-2930	62	9	reinier	reinier	PROPN
cblr-2930	62	10	h.	h.	PROPN
cblr-2930	62	11	kraakman	kraakman	PROPN
cblr-2930	62	12	,	,	PUNCT
cblr-2930	62	13	the	the	DET
cblr-2930	62	14	mechanisms	mechanism	NOUN
cblr-2930	62	15	of	of	ADP
cblr-2930	62	16	market	market	NOUN
cblr-2930	62	17	efficiency	efficiency	NOUN
cblr-2930	62	18	,	,	PUNCT
cblr-2930	62	19	70	70	NUM
cblr-2930	62	20	va	va	NOUN
cblr-2930	62	21	.	.	PUNCT
cblr-2930	62	22	l.	l.	PROPN
cblr-2930	62	23	rev	rev	PROPN
cblr-2930	62	24	.	.	PROPN
cblr-2930	62	25	549	549	NUM
cblr-2930	62	26	,	,	PUNCT
cblr-2930	62	27	553	553	NUM
cblr-2930	62	28	(	(	PUNCT
cblr-2930	62	29	1984	1984	NUM
cblr-2930	62	30	)	)	PUNCT
cblr-2930	62	31	.	.	PUNCT
cblr-2930	63	1	see	see	VERB
cblr-2930	63	2	generally	generally	ADV
cblr-2930	63	3	nicholas	nicholas	PROPN
cblr-2930	63	4	barberis	barberis	PROPN
cblr-2930	63	5	&	&	CCONJ
cblr-2930	63	6	richard	richard	PROPN
cblr-2930	63	7	h.	h.	PROPN
cblr-2930	63	8	thaler	thaler	PROPN
cblr-2930	63	9	,	,	PUNCT
cblr-2930	63	10	a	a	DET
cblr-2930	63	11	survey	survey	NOUN
cblr-2930	63	12	of	of	ADP
cblr-2930	63	13	behavioral	behavioral	ADJ
cblr-2930	63	14	finance	finance	NOUN
cblr-2930	63	15	,	,	PUNCT
cblr-2930	63	16	in	in	ADP
cblr-2930	63	17	advances	advance	NOUN
cblr-2930	63	18	in	in	ADP
cblr-2930	63	19	behavioral	behavioral	ADJ
cblr-2930	63	20	finance	finance	NOUN
cblr-2930	63	21	vol	vol	NOUN
cblr-2930	63	22	.	.	PUNCT
cblr-2930	64	1	ii	ii	PROPN
cblr-2930	64	2	1	1	NUM
cblr-2930	64	3	(	(	PUNCT
cblr-2930	64	4	richard	richard	PROPN
cblr-2930	64	5	h.	h.	PROPN
cblr-2930	64	6	thaler	thaler	PROPN
cblr-2930	64	7	ed	ed	PROPN
cblr-2930	64	8	.	.	PROPN
cblr-2930	64	9	,	,	PUNCT
cblr-2930	64	10	2005	2005	NUM
cblr-2930	64	11	)	)	PUNCT
cblr-2930	64	12	(	(	PUNCT
cblr-2930	64	13	noting	note	VERB
cblr-2930	64	14	,	,	PUNCT
cblr-2930	64	15	among	among	ADP
cblr-2930	64	16	other	other	ADJ
cblr-2930	64	17	things	thing	NOUN
cblr-2930	64	18	,	,	PUNCT
cblr-2930	64	19	that	that	SCONJ
cblr-2930	64	20	some	some	DET
cblr-2930	64	21	financial	financial	ADJ
cblr-2930	64	22	phenomena	phenomenon	NOUN
cblr-2930	64	23	can	can	AUX
cblr-2930	64	24	be	be	AUX
cblr-2930	64	25	better	well	ADV
cblr-2930	64	26	understood	understand	VERB
cblr-2930	64	27	by	by	ADP
cblr-2930	64	28	relaxing	relax	VERB
cblr-2930	64	29	the	the	DET
cblr-2930	64	30	assumption	assumption	NOUN
cblr-2930	64	31	that	that	SCONJ
cblr-2930	64	32	agents	agent	NOUN
cblr-2930	64	33	are	be	AUX
cblr-2930	64	34	fully	fully	ADV
cblr-2930	64	35	rational	rational	ADJ
cblr-2930	64	36	)	)	PUNCT
cblr-2930	64	37	.	.	PUNCT
cblr-2930	65	1	8	8	NUM
cblr-2930	65	2	see	see	VERB
cblr-2930	65	3	milton	milton	PROPN
cblr-2930	65	4	friedman	friedman	PROPN
cblr-2930	65	5	,	,	PUNCT
cblr-2930	65	6	the	the	DET
cblr-2930	65	7	social	social	ADJ
cblr-2930	65	8	responsibility	responsibility	NOUN
cblr-2930	65	9	of	of	ADP
cblr-2930	65	10	business	business	NOUN
cblr-2930	65	11	is	be	AUX
cblr-2930	65	12	to	to	PART
cblr-2930	65	13	increase	increase	VERB
cblr-2930	65	14	its	its	PRON
cblr-2930	65	15	profits	profit	NOUN
cblr-2930	65	16	,	,	PUNCT
cblr-2930	65	17	n.y	n.y	PROPN
cblr-2930	65	18	.	.	PROPN
cblr-2930	65	19	times	times	PROPN
cblr-2930	65	20	,	,	PUNCT
cblr-2930	65	21	september	september	PROPN
cblr-2930	65	22	13	13	NUM
cblr-2930	65	23	,	,	PUNCT
cblr-2930	65	24	1970	1970	NUM
cblr-2930	65	25	;	;	PUNCT
cblr-2930	65	26	cf	cf	NOUN
cblr-2930	65	27	frank	frank	PROPN
cblr-2930	65	28	easterbrook	easterbrook	PROPN
cblr-2930	65	29	&	&	CCONJ
cblr-2930	65	30	daniel	daniel	PROPN
cblr-2930	65	31	fischel	fischel	PROPN
cblr-2930	65	32	,	,	PUNCT
cblr-2930	65	33	voting	vote	VERB
cblr-2930	65	34	in	in	ADP
cblr-2930	65	35	corporate	corporate	ADJ
cblr-2930	65	36	law	law	NOUN
cblr-2930	65	37	,	,	PUNCT
cblr-2930	65	38	26	26	NUM
cblr-2930	65	39	j.l	j.l	PROPN
cblr-2930	65	40	.	.	PROPN
cblr-2930	65	41	&	&	CCONJ
cblr-2930	65	42	econ	econ	PROPN
cblr-2930	65	43	.	.	PUNCT
cblr-2930	66	1	395	395	NUM
cblr-2930	66	2	,	,	PUNCT
cblr-2930	66	3	403	403	NUM
cblr-2930	66	4	(	(	PUNCT
cblr-2930	66	5	1983	1983	NUM
cblr-2930	66	6	)	)	PUNCT
cblr-2930	66	7	;	;	PUNCT
cblr-2930	66	8	see	see	VERB
cblr-2930	66	9	also	also	ADV
cblr-2930	66	10	adolf	adolf	PROPN
cblr-2930	66	11	a.	a.	PROPN
cblr-2930	66	12	berle	berle	PROPN
cblr-2930	66	13	&	&	CCONJ
cblr-2930	66	14	gardiner	gardiner	PROPN
cblr-2930	66	15	c.	c.	PROPN
cblr-2930	66	16	means	mean	VERB
cblr-2930	66	17	,	,	PUNCT
cblr-2930	66	18	the	the	DET
cblr-2930	66	19	modern	modern	ADJ
cblr-2930	66	20	corporation	corporation	NOUN
cblr-2930	66	21	&	&	CCONJ
cblr-2930	66	22	private	private	ADJ
cblr-2930	66	23	property	property	NOUN
cblr-2930	66	24	(	(	PUNCT
cblr-2930	66	25	1932	1932	NUM
cblr-2930	66	26	)	)	PUNCT
cblr-2930	66	27	(	(	PUNCT
cblr-2930	66	28	characterizing	characterize	VERB
cblr-2930	66	29	shareholders	shareholder	NOUN
cblr-2930	66	30	as	as	ADP
cblr-2930	66	31	owners	owner	NOUN
cblr-2930	66	32	and	and	CCONJ
cblr-2930	66	33	discussing	discuss	VERB
cblr-2930	66	34	the	the	DET
cblr-2930	66	35	evolving	evolve	VERB
cblr-2930	66	36	nature	nature	NOUN
cblr-2930	66	37	of	of	ADP
cblr-2930	66	38	their	their	PRON
cblr-2930	66	39	ownership	ownership	NOUN
cblr-2930	66	40	)	)	PUNCT
cblr-2930	66	41	.	.	PUNCT
cblr-2930	67	1	no	no	INTJ
cblr-2930	67	2	.	.	PUNCT
cblr-2930	68	1	3:763]1	3:763]1	NUM
cblr-2930	68	2	767	767	NUM
cblr-2930	68	3	states	state	NOUN
cblr-2930	68	4	,	,	PUNCT
cblr-2930	68	5	it	it	PRON
cblr-2930	68	6	is	be	AUX
cblr-2930	68	7	felt	feel	VERB
cblr-2930	68	8	that	that	SCONJ
cblr-2930	68	9	shareholders	shareholder	NOUN
cblr-2930	68	10	lacked	lack	VERB
cblr-2930	68	11	the	the	DET
cblr-2930	68	12	means	mean	NOUN
cblr-2930	68	13	to	to	PART
cblr-2930	68	14	intervene	intervene	VERB
cblr-2930	68	15	in	in	ADP
cblr-2930	68	16	portfolio	portfolio	NOUN
cblr-2930	68	17	companies	company	NOUN
cblr-2930	68	18	.	.	PUNCT
cblr-2930	69	1	accordingly	accordingly	ADV
cblr-2930	69	2	,	,	PUNCT
cblr-2930	69	3	their	their	PRON
cblr-2930	69	4	powers	power	NOUN
cblr-2930	69	5	have	have	AUX
cblr-2930	69	6	recently	recently	ADV
cblr-2930	69	7	been	be	AUX
cblr-2930	69	8	expanded	expand	VERB
cblr-2930	69	9	in	in	ADP
cblr-2930	69	10	the	the	DET
cblr-2930	69	11	area	area	NOUN
cblr-2930	69	12	of	of	ADP
cblr-2930	69	13	executive	executive	ADJ
cblr-2930	69	14	compensation	compensation	NOUN
cblr-2930	69	15	,	,	PUNCT
cblr-2930	69	16	and	and	CCONJ
cblr-2930	69	17	may	may	AUX
cblr-2930	69	18	soon	soon	ADV
cblr-2930	69	19	be	be	AUX
cblr-2930	69	20	expanded	expand	VERB
cblr-2930	69	21	in	in	ADP
cblr-2930	69	22	other	other	ADJ
cblr-2930	69	23	areas.9	areas.9	PROPN
cblr-2930	69	24	in	in	ADP
cblr-2930	69	25	the	the	DET
cblr-2930	69	26	united	united	ADJ
cblr-2930	69	27	kingdom	kingdom	PROPN
cblr-2930	69	28	,	,	PUNCT
cblr-2930	69	29	where	where	SCONJ
cblr-2930	69	30	shareholders	shareholder	NOUN
cblr-2930	69	31	already	already	ADV
cblr-2930	69	32	had	have	VERB
cblr-2930	69	33	broad	broad	ADJ
cblr-2930	69	34	powers	power	NOUN
cblr-2930	69	35	,	,	PUNCT
cblr-2930	69	36	it	it	PRON
cblr-2930	69	37	is	be	AUX
cblr-2930	69	38	felt	feel	VERB
cblr-2930	69	39	they	they	PRON
cblr-2930	69	40	were	be	AUX
cblr-2930	69	41	merely	merely	ADV
cblr-2930	69	42	slow	slow	ADJ
cblr-2930	69	43	to	to	PART
cblr-2930	69	44	act	act	VERB
cblr-2930	69	45	,	,	PUNCT
cblr-2930	69	46	and	and	CCONJ
cblr-2930	69	47	shareholders	shareholder	NOUN
cblr-2930	69	48	are	be	AUX
cblr-2930	69	49	called	call	VERB
cblr-2930	69	50	upon	upon	SCONJ
cblr-2930	69	51	to	to	PART
cblr-2930	69	52	engage	engage	VERB
cblr-2930	69	53	with	with	ADP
cblr-2930	69	54	portfolio	portfolio	NOUN
cblr-2930	69	55	companies.10	companies.10	VERB
cblr-2930	69	56	the	the	DET
cblr-2930	69	57	academic	academic	ADJ
cblr-2930	69	58	debate	debate	NOUN
cblr-2930	69	59	,	,	PUNCT
cblr-2930	69	60	meanwhile	meanwhile	ADV
cblr-2930	69	61	,	,	PUNCT
cblr-2930	69	62	is	be	AUX
cblr-2930	69	63	focused	focus	VERB
cblr-2930	69	64	on	on	ADP
cblr-2930	69	65	the	the	DET
cblr-2930	69	66	trade	trade	NOUN
cblr-2930	69	67	-	-	PUNCT
cblr-2930	69	68	off	off	NOUN
cblr-2930	69	69	between	between	ADP
cblr-2930	69	70	enabling	enable	VERB
cblr-2930	69	71	shareholder	shareholder	NOUN
cblr-2930	69	72	monitoring	monitoring	NOUN
cblr-2930	69	73	to	to	PART
cblr-2930	69	74	reduce	reduce	VERB
cblr-2930	69	75	agency	agency	NOUN
cblr-2930	69	76	costs	cost	NOUN
cblr-2930	69	77	and	and	CCONJ
cblr-2930	69	78	preserving	preserve	VERB
cblr-2930	69	79	managerial	managerial	ADJ
cblr-2930	69	80	discretion	discretion	NOUN
cblr-2930	69	81	to	to	PART
cblr-2930	69	82	run	run	VERB
cblr-2930	69	83	the	the	DET
cblr-2930	69	84	business	business	NOUN
cblr-2930	69	85	.	.	PUNCT
cblr-2930	69	86	"	"	PUNCT
cblr-2930	70	1	thus	thus	ADV
cblr-2930	70	2	,	,	PUNCT
cblr-2930	70	3	both	both	PRON
cblr-2930	70	4	policymakers	policymaker	NOUN
cblr-2930	70	5	and	and	CCONJ
cblr-2930	70	6	academics	academic	NOUN
cblr-2930	70	7	9	9	NUM
cblr-2930	70	8	see	see	VERB
cblr-2930	70	9	dodd	dodd	PROPN
cblr-2930	70	10	-	-	PUNCT
cblr-2930	70	11	frank	frank	PROPN
cblr-2930	70	12	wall	wall	PROPN
cblr-2930	70	13	street	street	PROPN
cblr-2930	70	14	reform	reform	PROPN
cblr-2930	70	15	and	and	CCONJ
cblr-2930	70	16	consumer	consumer	NOUN
cblr-2930	70	17	protection	protection	PROPN
cblr-2930	70	18	act	act	PROPN
cblr-2930	70	19	,	,	PUNCT
cblr-2930	70	20	pub	pub	NOUN
cblr-2930	70	21	.	.	PUNCT
cblr-2930	71	1	l.	l.	PROPN
cblr-2930	71	2	no	no	INTJ
cblr-2930	71	3	.	.	PROPN
cblr-2930	71	4	111	111	NUM
cblr-2930	71	5	-	-	SYM
cblr-2930	71	6	203	203	NUM
cblr-2930	71	7	,	,	PUNCT
cblr-2930	71	8	124	124	NUM
cblr-2930	71	9	stat	stat	NOUN
cblr-2930	71	10	.	.	PUNCT
cblr-2930	72	1	1376	1376	NUM
cblr-2930	72	2	,	,	PUNCT
cblr-2930	72	3	§	§	PROPN
cblr-2930	72	4	951	951	NUM
cblr-2930	72	5	(	(	PUNCT
cblr-2930	72	6	amending	amend	VERB
cblr-2930	72	7	the	the	DET
cblr-2930	72	8	securities	security	NOUN
cblr-2930	72	9	exchange	exchange	PROPN
cblr-2930	72	10	act	act	NOUN
cblr-2930	72	11	of	of	ADP
cblr-2930	72	12	1934	1934	NUM
cblr-2930	72	13	to	to	PART
cblr-2930	72	14	ensure	ensure	VERB
cblr-2930	72	15	that	that	SCONJ
cblr-2930	72	16	shareholders	shareholder	NOUN
cblr-2930	72	17	have	have	AUX
cblr-2930	72	18	'	'	PUNCT
cblr-2930	72	19	say	say	VERB
cblr-2930	72	20	on	on	ADP
cblr-2930	72	21	pay	pay	NOUN
cblr-2930	72	22	'	'	PUNCT
cblr-2930	72	23	)	)	PUNCT
cblr-2930	72	24	;	;	PUNCT
cblr-2930	72	25	§	§	PROPN
cblr-2930	72	26	971	971	NUM
cblr-2930	72	27	(	(	PUNCT
cblr-2930	72	28	authorizing	authorize	VERB
cblr-2930	72	29	the	the	DET
cblr-2930	72	30	s.e.c	s.e.c	NOUN
cblr-2930	72	31	.	.	PUNCT
cblr-2930	73	1	to	to	PART
cblr-2930	73	2	issue	issue	VERB
cblr-2930	73	3	rules	rule	NOUN
cblr-2930	73	4	permitting	permit	VERB
cblr-2930	73	5	the	the	DET
cblr-2930	73	6	use	use	NOUN
cblr-2930	73	7	by	by	ADP
cblr-2930	73	8	a	a	DET
cblr-2930	73	9	shareholder	shareholder	NOUN
cblr-2930	73	10	of	of	ADP
cblr-2930	73	11	proxy	proxy	ADJ
cblr-2930	73	12	solicitation	solicitation	NOUN
cblr-2930	73	13	materials	material	NOUN
cblr-2930	73	14	supplied	supply	VERB
cblr-2930	73	15	by	by	ADP
cblr-2930	73	16	an	an	DET
cblr-2930	73	17	issuer	issuer	NOUN
cblr-2930	73	18	for	for	ADP
cblr-2930	73	19	the	the	DET
cblr-2930	73	20	purpose	purpose	NOUN
cblr-2930	73	21	of	of	ADP
cblr-2930	73	22	nominating	nominating	NOUN
cblr-2930	73	23	directors	director	NOUN
cblr-2930	73	24	)	)	PUNCT
cblr-2930	73	25	.	.	PUNCT
cblr-2930	74	1	10	10	NUM
cblr-2930	74	2	see	see	VERB
cblr-2930	74	3	sir	sir	PROPN
cblr-2930	74	4	david	david	PROPN
cblr-2930	74	5	walker	walker	PROPN
cblr-2930	74	6	,	,	PUNCT
cblr-2930	74	7	a	a	DET
cblr-2930	74	8	review	review	NOUN
cblr-2930	74	9	of	of	ADP
cblr-2930	74	10	corporate	corporate	ADJ
cblr-2930	74	11	governance	governance	NOUN
cblr-2930	74	12	in	in	ADP
cblr-2930	74	13	uk	uk	PROPN
cblr-2930	74	14	banks	bank	NOUN
cblr-2930	74	15	and	and	CCONJ
cblr-2930	74	16	other	other	ADJ
cblr-2930	74	17	financial	financial	ADJ
cblr-2930	74	18	industry	industry	NOUN
cblr-2930	74	19	en'ithes	en'ithe	NOUN
cblr-2930	74	20	62	62	NUM
cblr-2930	74	21	,	,	PUNCT
cblr-2930	74	22	68	68	NUM
cblr-2930	74	23	(	(	PUNCT
cblr-2930	74	24	2009	2009	NUM
cblr-2930	74	25	)	)	PUNCT
cblr-2930	74	26	(	(	PUNCT
cblr-2930	74	27	noting	note	VERB
cblr-2930	74	28	that	that	SCONJ
cblr-2930	74	29	institutional	institutional	ADJ
cblr-2930	74	30	investors	investor	NOUN
cblr-2930	74	31	appear	appear	VERB
cblr-2930	74	32	to	to	PART
cblr-2930	74	33	have	have	AUX
cblr-2930	74	34	been	be	AUX
cblr-2930	74	35	slow	slow	ADJ
cblr-2930	74	36	to	to	PART
cblr-2930	74	37	act	act	VERB
cblr-2930	74	38	where	where	SCONJ
cblr-2930	74	39	issues	issue	NOUN
cblr-2930	74	40	of	of	ADP
cblr-2930	74	41	concern	concern	NOUN
cblr-2930	74	42	were	be	AUX
cblr-2930	74	43	identified	identify	VERB
cblr-2930	74	44	in	in	ADP
cblr-2930	74	45	banks	bank	NOUN
cblr-2930	74	46	in	in	ADP
cblr-2930	74	47	which	which	PRON
cblr-2930	74	48	they	they	PRON
cblr-2930	74	49	were	be	AUX
cblr-2930	74	50	investors	investor	NOUN
cblr-2930	74	51	)	)	PUNCT
cblr-2930	74	52	;	;	PUNCT
cblr-2930	74	53	financial	financial	ADJ
cblr-2930	74	54	reporting	reporting	NOUN
cblr-2930	74	55	council	council	PROPN
cblr-2930	74	56	,	,	PUNCT
cblr-2930	74	57	the	the	DET
cblr-2930	74	58	uk	uk	PROPN
cblr-2930	74	59	stewardship	stewardship	PROPN
cblr-2930	74	60	code	code	NOUN
cblr-2930	74	61	6	6	NUM
cblr-2930	74	62	(	(	PUNCT
cblr-2930	74	63	2010	2010	NUM
cblr-2930	74	64	)	)	PUNCT
cblr-2930	74	65	(	(	PUNCT
cblr-2930	74	66	providing	provide	VERB
cblr-2930	74	67	guidance	guidance	NOUN
cblr-2930	74	68	under	under	ADP
cblr-2930	74	69	principle	principle	NOUN
cblr-2930	74	70	3	3	NUM
cblr-2930	74	71	that	that	SCONJ
cblr-2930	74	72	investee	investee	NOUN
cblr-2930	74	73	companies	company	NOUN
cblr-2930	74	74	should	should	AUX
cblr-2930	74	75	be	be	AUX
cblr-2930	74	76	monitored	monitor	VERB
cblr-2930	74	77	to	to	PART
cblr-2930	74	78	determine	determine	VERB
cblr-2930	74	79	when	when	SCONJ
cblr-2930	74	80	it	it	PRON
cblr-2930	74	81	is	be	AUX
cblr-2930	74	82	necessary	necessary	ADJ
cblr-2930	74	83	to	to	PART
cblr-2930	74	84	enter	enter	VERB
cblr-2930	74	85	into	into	ADP
cblr-2930	74	86	an	an	DET
cblr-2930	74	87	active	active	ADJ
cblr-2930	74	88	dialogue	dialogue	NOUN
cblr-2930	74	89	with	with	ADP
cblr-2930	74	90	their	their	PRON
cblr-2930	74	91	boards	board	NOUN
cblr-2930	74	92	)	)	PUNCT
cblr-2930	74	93	.	.	PUNCT
cblr-2930	75	1	n	n	PRON
cblr-2930	75	2	see	see	VERB
cblr-2930	75	3	,	,	PUNCT
cblr-2930	75	4	e.g.	e.g.	ADV
cblr-2930	75	5	,	,	PUNCT
cblr-2930	75	6	lucian	lucian	PROPN
cblr-2930	75	7	a.	a.	NOUN
cblr-2930	75	8	bebchuk	bebchuk	PROPN
cblr-2930	75	9	,	,	PUNCT
cblr-2930	75	10	the	the	DET
cblr-2930	75	11	case	case	NOUN
cblr-2930	75	12	for	for	ADP
cblr-2930	75	13	increasing	increase	VERB
cblr-2930	75	14	shareholder	shareholder	NOUN
cblr-2930	75	15	power	power	NOUN
cblr-2930	75	16	,	,	PUNCT
cblr-2930	75	17	118	118	NUM
cblr-2930	75	18	harv	harv	NOUN
cblr-2930	75	19	.	.	PUNCT
cblr-2930	76	1	l.	l.	PROPN
cblr-2930	76	2	rev	rev	PROPN
cblr-2930	76	3	.	.	PROPN
cblr-2930	76	4	835	835	NUM
cblr-2930	76	5	,	,	PUNCT
cblr-2930	76	6	836	836	NUM
cblr-2930	76	7	(	(	PUNCT
cblr-2930	76	8	2005	2005	NUM
cblr-2930	76	9	)	)	PUNCT
cblr-2930	76	10	(	(	PUNCT
cblr-2930	76	11	arguing	argue	VERB
cblr-2930	76	12	that	that	SCONJ
cblr-2930	76	13	increasing	increase	VERB
cblr-2930	76	14	shareholder	shareholder	NOUN
cblr-2930	76	15	power	power	NOUN
cblr-2930	76	16	to	to	PART
cblr-2930	76	17	intervene	intervene	VERB
cblr-2930	76	18	would	would	AUX
cblr-2930	76	19	improve	improve	VERB
cblr-2930	76	20	corporate	corporate	ADJ
cblr-2930	76	21	governance	governance	NOUN
cblr-2930	76	22	and	and	CCONJ
cblr-2930	76	23	shareholder	shareholder	NOUN
cblr-2930	76	24	value	value	NOUN
cblr-2930	76	25	by	by	ADP
cblr-2930	76	26	addressing	address	VERB
cblr-2930	76	27	important	important	ADJ
cblr-2930	76	28	agency	agency	NOUN
cblr-2930	76	29	problems	problem	NOUN
cblr-2930	76	30	afflicting	afflict	VERB
cblr-2930	76	31	public	public	ADJ
cblr-2930	76	32	firms	firm	NOUN
cblr-2930	76	33	)	)	PUNCT
cblr-2930	76	34	;	;	PUNCT
cblr-2930	76	35	stephen	stephen	PROPN
cblr-2930	76	36	m.	m.	PROPN
cblr-2930	76	37	bainbridge	bainbridge	PROPN
cblr-2930	76	38	,	,	PUNCT
cblr-2930	76	39	the	the	DET
cblr-2930	76	40	case	case	NOUN
cblr-2930	76	41	for	for	ADP
cblr-2930	76	42	limited	limited	ADJ
cblr-2930	76	43	shareholder	shareholder	NOUN
cblr-2930	76	44	voting	voting	NOUN
cblr-2930	76	45	rights	right	NOUN
cblr-2930	76	46	,	,	PUNCT
cblr-2930	76	47	53	53	NUM
cblr-2930	76	48	ucla	ucla	PROPN
cblr-2930	76	49	l.	l.	PROPN
cblr-2930	76	50	rev	rev	PROPN
cblr-2930	76	51	.	.	PROPN
cblr-2930	76	52	601	601	NUM
cblr-2930	76	53	,	,	PUNCT
cblr-2930	76	54	623	623	NUM
cblr-2930	76	55	(	(	PUNCT
cblr-2930	76	56	2006	2006	NUM
cblr-2930	76	57	)	)	PUNCT
cblr-2930	76	58	(	(	PUNCT
cblr-2930	76	59	arguing	argue	VERB
cblr-2930	76	60	that	that	SCONJ
cblr-2930	76	61	vesting	vest	VERB
cblr-2930	76	62	decisionmaking	decisionmake	VERB
cblr-2930	76	63	authority	authority	NOUN
cblr-2930	76	64	in	in	ADP
cblr-2930	76	65	a	a	DET
cblr-2930	76	66	centralized	centralized	ADJ
cblr-2930	76	67	nexus	nexus	NOUN
cblr-2930	76	68	distinct	distinct	NOUN
cblr-2930	76	69	from	from	ADP
cblr-2930	76	70	the	the	DET
cblr-2930	76	71	shareholders	shareholder	NOUN
cblr-2930	76	72	is	be	AUX
cblr-2930	76	73	what	what	PRON
cblr-2930	76	74	makes	make	VERB
cblr-2930	76	75	the	the	DET
cblr-2930	76	76	public	public	ADJ
cblr-2930	76	77	firm	firm	NOUN
cblr-2930	76	78	feasible	feasible	ADJ
cblr-2930	76	79	)	)	PUNCT
cblr-2930	76	80	.	.	PUNCT
cblr-2930	77	1	the	the	DET
cblr-2930	77	2	"	"	PUNCT
cblr-2930	77	3	law	law	NOUN
cblr-2930	77	4	and	and	CCONJ
cblr-2930	77	5	finance	finance	NOUN
cblr-2930	77	6	"	"	PUNCT
cblr-2930	77	7	literature	literature	NOUN
cblr-2930	77	8	also	also	ADV
cblr-2930	77	9	approaches	approach	VERB
cblr-2930	77	10	shareholder	shareholder	NOUN
cblr-2930	77	11	voting	voting	NOUN
cblr-2930	77	12	from	from	ADP
cblr-2930	77	13	an	an	DET
cblr-2930	77	14	agency	agency	NOUN
cblr-2930	77	15	perspective	perspective	NOUN
cblr-2930	77	16	.	.	PUNCT
cblr-2930	78	1	see	see	VERB
cblr-2930	78	2	,	,	PUNCT
cblr-2930	78	3	e.g.	e.g.	ADV
cblr-2930	78	4	,	,	PUNCT
cblr-2930	78	5	rafael	rafael	PROPN
cblr-2930	78	6	la	la	PROPN
cblr-2930	78	7	porta	porta	PROPN
cblr-2930	78	8	et	et	PROPN
cblr-2930	78	9	al	al	PROPN
cblr-2930	78	10	.	.	PROPN
cblr-2930	78	11	,	,	PUNCT
cblr-2930	78	12	law	law	NOUN
cblr-2930	78	13	and	and	CCONJ
cblr-2930	78	14	finance	finance	NOUN
cblr-2930	78	15	,	,	PUNCT
cblr-2930	78	16	106	106	NUM
cblr-2930	78	17	j.	j.	PROPN
cblr-2930	78	18	pol	pol	PROPN
cblr-2930	78	19	.	.	PUNCT
cblr-2930	78	20	econ	econ	PROPN
cblr-2930	78	21	.	.	PUNCT
cblr-2930	79	1	1113	1113	NUM
cblr-2930	79	2	,	,	PUNCT
cblr-2930	79	3	1115	1115	NUM
cblr-2930	79	4	(	(	PUNCT
cblr-2930	79	5	1998	1998	NUM
cblr-2930	79	6	)	)	PUNCT
cblr-2930	79	7	(	(	PUNCT
cblr-2930	79	8	analyzing	analyze	VERB
cblr-2930	79	9	investor	investor	NOUN
cblr-2930	79	10	protections	protection	NOUN
cblr-2930	79	11	under	under	ADP
cblr-2930	79	12	various	various	ADJ
cblr-2930	79	13	legal	legal	ADJ
cblr-2930	79	14	regimes	regime	NOUN
cblr-2930	79	15	)	)	PUNCT
cblr-2930	79	16	.	.	PUNCT
cblr-2930	80	1	to	to	ADP
cblr-2930	80	2	the	the	DET
cblr-2930	80	3	extent	extent	NOUN
cblr-2930	80	4	that	that	SCONJ
cblr-2930	80	5	this	this	DET
cblr-2930	80	6	literature	literature	NOUN
cblr-2930	80	7	focuses	focus	VERB
cblr-2930	80	8	on	on	ADP
cblr-2930	80	9	voting	voting	NOUN
cblr-2930	80	10	rights	right	NOUN
cblr-2930	80	11	as	as	ADP
cblr-2930	80	12	a	a	DET
cblr-2930	80	13	means	means	NOUN
cblr-2930	80	14	of	of	ADP
cblr-2930	80	15	protecting	protect	VERB
cblr-2930	80	16	investors	investor	NOUN
cblr-2930	80	17	against	against	ADP
cblr-2930	80	18	expropriation	expropriation	NOUN
cblr-2930	80	19	by	by	ADP
cblr-2930	80	20	managers	manager	NOUN
cblr-2930	80	21	,	,	PUNCT
cblr-2930	80	22	it	it	PRON
cblr-2930	80	23	is	be	AUX
cblr-2930	80	24	of	of	ADP
cblr-2930	80	25	limited	limited	ADJ
cblr-2930	80	26	relevance	relevance	NOUN
cblr-2930	80	27	for	for	ADP
cblr-2930	80	28	present	present	ADJ
cblr-2930	80	29	purposes	purpose	NOUN
cblr-2930	80	30	because	because	SCONJ
cblr-2930	80	31	,	,	PUNCT
cblr-2930	80	32	whereas	whereas	SCONJ
cblr-2930	80	33	the	the	DET
cblr-2930	80	34	law	law	NOUN
cblr-2930	80	35	and	and	CCONJ
cblr-2930	80	36	finance	finance	NOUN
cblr-2930	80	37	literature	literature	NOUN
cblr-2930	80	38	tries	try	VERB
cblr-2930	80	39	to	to	PART
cblr-2930	80	40	measure	measure	VERB
cblr-2930	80	41	the	the	DET
cblr-2930	80	42	economic	economic	ADJ
cblr-2930	80	43	consequences	consequence	NOUN
cblr-2930	80	44	of	of	ADP
cblr-2930	80	45	different	different	ADJ
cblr-2930	80	46	levels	level	NOUN
cblr-2930	80	47	of	of	ADP
cblr-2930	80	48	investor	investor	NOUN
cblr-2930	80	49	protection	protection	NOUN
cblr-2930	80	50	,	,	PUNCT
cblr-2930	80	51	this	this	DET
cblr-2930	80	52	article	article	NOUN
cblr-2930	80	53	focuses	focus	VERB
cblr-2930	80	54	upon	upon	SCONJ
cblr-2930	80	55	the	the	DET
cblr-2930	80	56	economic	economic	ADJ
cblr-2930	80	57	consequences	consequence	NOUN
cblr-2930	80	58	of	of	ADP
cblr-2930	80	59	differences	difference	NOUN
cblr-2930	80	60	in	in	ADP
cblr-2930	80	61	voting	vote	VERB
cblr-2930	80	62	behavior	behavior	NOUN
cblr-2930	80	63	given	give	VERB
cblr-2930	80	64	a	a	DET
cblr-2930	80	65	certain	certain	ADJ
cblr-2930	80	66	level	level	NOUN
cblr-2930	80	67	of	of	ADP
cblr-2930	80	68	investor	investor	NOUN
cblr-2930	80	69	protection	protection	NOUN
cblr-2930	80	70	.	.	PUNCT
cblr-2930	81	1	to	to	ADP
cblr-2930	81	2	the	the	DET
cblr-2930	81	3	extent	extent	NOUN
cblr-2930	81	4	the	the	DET
cblr-2930	81	5	law	law	NOUN
cblr-2930	81	6	and	and	CCONJ
cblr-2930	81	7	finance	finance	NOUN
cblr-2930	81	8	literature	literature	NOUN
cblr-2930	81	9	focuses	focus	VERB
cblr-2930	81	10	on	on	ADP
cblr-2930	81	11	voting	voting	NOUN
cblr-2930	81	12	rights	right	NOUN
cblr-2930	81	13	as	as	ADP
cblr-2930	81	14	a	a	DET
cblr-2930	81	15	means	means	NOUN
cblr-2930	81	16	[	[	X
cblr-2930	81	17	vol	vol	NOUN
cblr-2930	81	18	.	.	PUNCT
cblr-2930	82	1	2010768	2010768	NUM
cblr-2930	82	2	col	col	PROPN
cblr-2930	82	3	umi	umi	PROPN
cblr-2930	82	4	b	b	PROPN
cblr-2930	82	5	usiness	usiness	PROPN
cblr-2930	82	6	la	la	PROPN
cblr-2930	82	7	w	w	PROPN
cblr-2930	82	8	re	re	PROPN
cblr-2930	82	9	vie	vie	PROPN
cblr-2930	82	10	w	w	PROPN
cblr-2930	82	11	are	be	AUX
cblr-2930	82	12	ignoring	ignore	VERB
cblr-2930	82	13	the	the	DET
cblr-2930	82	14	preliminary	preliminary	ADJ
cblr-2930	82	15	question	question	NOUN
cblr-2930	82	16	of	of	ADP
cblr-2930	82	17	whether	whether	SCONJ
cblr-2930	82	18	shareholders	shareholder	NOUN
cblr-2930	82	19	are	be	AUX
cblr-2930	82	20	capable	capable	ADJ
cblr-2930	82	21	of	of	ADP
cblr-2930	82	22	making	make	VERB
cblr-2930	82	23	the	the	DET
cblr-2930	82	24	right	right	ADJ
cblr-2930	82	25	decisions	decision	NOUN
cblr-2930	82	26	.	.	PUNCT
cblr-2930	83	1	the	the	DET
cblr-2930	83	2	aim	aim	NOUN
cblr-2930	83	3	of	of	ADP
cblr-2930	83	4	this	this	DET
cblr-2930	83	5	article	article	NOUN
cblr-2930	83	6	is	be	AUX
cblr-2930	83	7	to	to	PART
cblr-2930	83	8	make	make	VERB
cblr-2930	83	9	some	some	DET
cblr-2930	83	10	progress	progress	NOUN
cblr-2930	83	11	on	on	ADP
cblr-2930	83	12	this	this	DET
cblr-2930	83	13	question	question	NOUN
cblr-2930	83	14	,	,	PUNCT
cblr-2930	83	15	taking	take	VERB
cblr-2930	83	16	into	into	ADP
cblr-2930	83	17	account	account	NOUN
cblr-2930	83	18	recent	recent	ADJ
cblr-2930	83	19	advances	advance	NOUN
cblr-2930	83	20	in	in	ADP
cblr-2930	83	21	law	law	NOUN
cblr-2930	83	22	and	and	CCONJ
cblr-2930	83	23	finance	finance	NOUN
cblr-2930	83	24	.	.	PUNCT
cblr-2930	84	1	the	the	DET
cblr-2930	84	2	fundamental	fundamental	ADJ
cblr-2930	84	3	insight	insight	NOUN
cblr-2930	84	4	driving	drive	VERB
cblr-2930	84	5	this	this	DET
cblr-2930	84	6	article	article	NOUN
cblr-2930	84	7	is	be	AUX
cblr-2930	84	8	that	that	SCONJ
cblr-2930	84	9	investment	investment	NOUN
cblr-2930	84	10	decisions	decision	NOUN
cblr-2930	84	11	and	and	CCONJ
cblr-2930	84	12	voting	voting	NOUN
cblr-2930	84	13	decisions	decision	NOUN
cblr-2930	84	14	are	be	AUX
cblr-2930	84	15	similar	similar	ADJ
cblr-2930	84	16	in	in	ADP
cblr-2930	84	17	the	the	DET
cblr-2930	84	18	sense	sense	NOUN
cblr-2930	84	19	that	that	SCONJ
cblr-2930	84	20	both	both	PRON
cblr-2930	84	21	are	be	AUX
cblr-2930	84	22	driven	drive	VERB
cblr-2930	84	23	by	by	ADP
cblr-2930	84	24	an	an	DET
cblr-2930	84	25	investor	investor	NOUN
cblr-2930	84	26	's	's	PART
cblr-2930	84	27	belief	belief	NOUN
cblr-2930	84	28	as	as	ADP
cblr-2930	84	29	to	to	ADP
cblr-2930	84	30	the	the	DET
cblr-2930	84	31	net	net	ADJ
cblr-2930	84	32	present	present	ADJ
cblr-2930	84	33	value	value	NOUN
cblr-2930	84	34	of	of	ADP
cblr-2930	84	35	an	an	DET
cblr-2930	84	36	asset	asset	NOUN
cblr-2930	84	37	.	.	PUNCT
cblr-2930	85	1	in	in	ADP
cblr-2930	85	2	the	the	DET
cblr-2930	85	3	case	case	NOUN
cblr-2930	85	4	of	of	ADP
cblr-2930	85	5	investment	investment	NOUN
cblr-2930	85	6	decisions	decision	NOUN
cblr-2930	85	7	that	that	PRON
cblr-2930	85	8	asset	asset	NOUN
cblr-2930	85	9	is	be	AUX
cblr-2930	85	10	the	the	DET
cblr-2930	85	11	share	share	NOUN
cblr-2930	85	12	,	,	PUNCT
cblr-2930	85	13	which	which	PRON
cblr-2930	85	14	represents	represent	VERB
cblr-2930	85	15	a	a	DET
cblr-2930	85	16	pro	pro	ADJ
cblr-2930	85	17	rata	rata	ADJ
cblr-2930	85	18	entitlement	entitlement	NOUN
cblr-2930	85	19	to	to	ADP
cblr-2930	85	20	the	the	DET
cblr-2930	85	21	firm	firm	NOUN
cblr-2930	85	22	's	's	PART
cblr-2930	85	23	future	future	ADJ
cblr-2930	85	24	cash	cash	NOUN
cblr-2930	85	25	flows	flow	NOUN
cblr-2930	85	26	.	.	PUNCT
cblr-2930	86	1	in	in	ADP
cblr-2930	86	2	the	the	DET
cblr-2930	86	3	case	case	NOUN
cblr-2930	86	4	of	of	ADP
cblr-2930	86	5	voting	voting	NOUN
cblr-2930	86	6	decisions	decision	NOUN
cblr-2930	86	7	,	,	PUNCT
cblr-2930	86	8	the	the	DET
cblr-2930	86	9	asset	asset	NOUN
cblr-2930	86	10	could	could	AUX
cblr-2930	86	11	be	be	AUX
cblr-2930	86	12	a	a	DET
cblr-2930	86	13	proposed	propose	VERB
cblr-2930	86	14	acquisition	acquisition	NOUN
cblr-2930	86	15	,	,	PUNCT
cblr-2930	86	16	which	which	PRON
cblr-2930	86	17	may	may	AUX
cblr-2930	86	18	be	be	AUX
cblr-2930	86	19	characterized	characterize	VERB
cblr-2930	86	20	as	as	ADP
cblr-2930	86	21	a	a	DET
cblr-2930	86	22	real	real	ADJ
cblr-2930	86	23	option	option	NOUN
cblr-2930	86	24	.	.	PUNCT
cblr-2930	87	1	in	in	ADP
cblr-2930	87	2	each	each	DET
cblr-2930	87	3	case	case	NOUN
cblr-2930	87	4	,	,	PUNCT
cblr-2930	87	5	by	by	ADP
cblr-2930	87	6	executing	execute	VERB
cblr-2930	87	7	his	his	PRON
cblr-2930	87	8	decision	decision	NOUN
cblr-2930	87	9	,	,	PUNCT
cblr-2930	87	10	the	the	DET
cblr-2930	87	11	investor	investor	NOUN
cblr-2930	87	12	reveals	reveal	VERB
cblr-2930	87	13	information	information	NOUN
cblr-2930	87	14	underlying	underlie	VERB
cblr-2930	87	15	his	his	PRON
cblr-2930	87	16	beliefs	belief	NOUN
cblr-2930	87	17	.	.	PUNCT
cblr-2930	88	1	in	in	ADP
cblr-2930	88	2	the	the	DET
cblr-2930	88	3	case	case	NOUN
cblr-2930	88	4	of	of	ADP
cblr-2930	88	5	an	an	DET
cblr-2930	88	6	investment	investment	NOUN
cblr-2930	88	7	decision	decision	NOUN
cblr-2930	88	8	,	,	PUNCT
cblr-2930	88	9	this	this	DET
cblr-2930	88	10	information	information	NOUN
cblr-2930	88	11	is	be	AUX
cblr-2930	88	12	aggregated	aggregate	VERB
cblr-2930	88	13	through	through	ADP
cblr-2930	88	14	the	the	DET
cblr-2930	88	15	market	market	NOUN
cblr-2930	88	16	system	system	NOUN
cblr-2930	88	17	,	,	PUNCT
cblr-2930	88	18	and	and	CCONJ
cblr-2930	88	19	in	in	ADP
cblr-2930	88	20	the	the	DET
cblr-2930	88	21	case	case	NOUN
cblr-2930	88	22	of	of	ADP
cblr-2930	88	23	a	a	DET
cblr-2930	88	24	voting	voting	NOUN
cblr-2930	88	25	decision	decision	NOUN
cblr-2930	88	26	it	it	PRON
cblr-2930	88	27	is	be	AUX
cblr-2930	88	28	aggregated	aggregate	VERB
cblr-2930	88	29	through	through	ADP
cblr-2930	88	30	the	the	DET
cblr-2930	88	31	voting	voting	NOUN
cblr-2930	88	32	system	system	NOUN
cblr-2930	88	33	.	.	PUNCT
cblr-2930	89	1	the	the	DET
cblr-2930	89	2	notion	notion	NOUN
cblr-2930	89	3	that	that	SCONJ
cblr-2930	89	4	the	the	DET
cblr-2930	89	5	market	market	NOUN
cblr-2930	89	6	is	be	AUX
cblr-2930	89	7	a	a	DET
cblr-2930	89	8	system	system	NOUN
cblr-2930	89	9	for	for	ADP
cblr-2930	89	10	information	information	NOUN
cblr-2930	89	11	aggregation	aggregation	NOUN
cblr-2930	89	12	can	can	AUX
cblr-2930	89	13	be	be	AUX
cblr-2930	89	14	traced	trace	VERB
cblr-2930	89	15	to	to	ADP
cblr-2930	89	16	friedrich	friedrich	PROPN
cblr-2930	89	17	hayek	hayek	PROPN
cblr-2930	89	18	,	,	PUNCT
cblr-2930	89	19	who	who	PRON
cblr-2930	89	20	stressed	stress	VERB
cblr-2930	89	21	the	the	DET
cblr-2930	89	22	importance	importance	NOUN
cblr-2930	89	23	of	of	ADP
cblr-2930	89	24	utilizing	utilize	VERB
cblr-2930	89	25	knowledge	knowledge	NOUN
cblr-2930	89	26	dispersed	disperse	VERB
cblr-2930	89	27	among	among	ADP
cblr-2930	89	28	people	people	NOUN
cblr-2930	89	29	and	and	CCONJ
cblr-2930	89	30	argued	argue	VERB
cblr-2930	89	31	that	that	SCONJ
cblr-2930	89	32	we	we	PRON
cblr-2930	89	33	"	"	PUNCT
cblr-2930	89	34	must	must	AUX
cblr-2930	89	35	look	look	VERB
cblr-2930	89	36	at	at	ADP
cblr-2930	89	37	the	the	DET
cblr-2930	89	38	price	price	NOUN
cblr-2930	89	39	system	system	NOUN
cblr-2930	89	40	as	as	ADP
cblr-2930	89	41	...	...	PUNCT
cblr-2930	89	42	a	a	DET
cblr-2930	89	43	mechanism	mechanism	NOUN
cblr-2930	89	44	for	for	ADP
cblr-2930	89	45	communicating	communicate	VERB
cblr-2930	89	46	information	information	NOUN
cblr-2930	89	47	if	if	SCONJ
cblr-2930	89	48	we	we	PRON
cblr-2930	89	49	want	want	VERB
cblr-2930	89	50	to	to	PART
cblr-2930	89	51	understand	understand	VERB
cblr-2930	89	52	its	its	PRON
cblr-2930	89	53	real	real	ADJ
cblr-2930	89	54	function	function	NOUN
cblr-2930	89	55	.	.	PUNCT
cblr-2930	90	1	"12	"12	PROPN
cblr-2930	90	2	finance	finance	NOUN
cblr-2930	90	3	scholars	scholar	NOUN
cblr-2930	90	4	,	,	PUNCT
cblr-2930	90	5	of	of	ADP
cblr-2930	90	6	course	course	NOUN
cblr-2930	90	7	,	,	PUNCT
cblr-2930	90	8	have	have	AUX
cblr-2930	90	9	done	do	VERB
cblr-2930	90	10	precisely	precisely	ADV
cblr-2930	90	11	this	this	PRON
cblr-2930	90	12	.	.	PUNCT
cblr-2930	91	1	sanford	sanford	PROPN
cblr-2930	91	2	grossman	grossman	PROPN
cblr-2930	91	3	,	,	PUNCT
cblr-2930	91	4	for	for	ADP
cblr-2930	91	5	one	one	NUM
cblr-2930	91	6	,	,	PUNCT
cblr-2930	91	7	demonstrated	demonstrate	VERB
cblr-2930	91	8	that	that	SCONJ
cblr-2930	91	9	the	the	DET
cblr-2930	91	10	competitive	competitive	ADJ
cblr-2930	91	11	system	system	NOUN
cblr-2930	91	12	aggregates	aggregate	VERB
cblr-2930	91	13	all	all	DET
cblr-2930	91	14	the	the	DET
cblr-2930	91	15	market	market	NOUN
cblr-2930	91	16	's	's	PART
cblr-2930	91	17	information	information	NOUN
cblr-2930	91	18	in	in	ADP
cblr-2930	91	19	such	such	DET
cblr-2930	91	20	a	a	DET
cblr-2930	91	21	way	way	NOUN
cblr-2930	91	22	that	that	PRON
cblr-2930	91	23	the	the	DET
cblr-2930	91	24	equilibrium	equilibrium	NOUN
cblr-2930	91	25	price	price	NOUN
cblr-2930	91	26	summarizes	summarize	NOUN
cblr-2930	91	27	all	all	DET
cblr-2930	91	28	the	the	DET
cblr-2930	91	29	information	information	NOUN
cblr-2930	91	30	in	in	ADP
cblr-2930	91	31	the	the	DET
cblr-2930	91	32	market.1	market.1	PROPN
cblr-2930	91	33	3	3	NUM
cblr-2930	91	34	the	the	DET
cblr-2930	91	35	notion	notion	NOUN
cblr-2930	91	36	that	that	SCONJ
cblr-2930	91	37	voting	voting	NOUN
cblr-2930	91	38	,	,	PUNCT
cblr-2930	91	39	too	too	ADV
cblr-2930	91	40	,	,	PUNCT
cblr-2930	91	41	is	be	AUX
cblr-2930	91	42	a	a	DET
cblr-2930	91	43	system	system	NOUN
cblr-2930	91	44	for	for	ADP
cblr-2930	91	45	information	information	NOUN
cblr-2930	91	46	aggregation	aggregation	NOUN
cblr-2930	91	47	can	can	AUX
cblr-2930	91	48	be	be	AUX
cblr-2930	91	49	traced	trace	VERB
cblr-2930	91	50	to	to	ADP
cblr-2930	91	51	eighteenth	eighteenth	ADJ
cblr-2930	91	52	century	century	NOUN
cblr-2930	91	53	french	french	ADJ
cblr-2930	91	54	philosopher	philosopher	NOUN
cblr-2930	91	55	marquis	marquis	PROPN
cblr-2930	91	56	de	de	PROPN
cblr-2930	91	57	condorcet	condorcet	PROPN
cblr-2930	91	58	.	.	PUNCT
cblr-2930	92	1	his	his	PRON
cblr-2930	92	2	jury	jury	NOUN
cblr-2930	92	3	theorem	theorem	VERB
cblr-2930	92	4	holds	hold	VERB
cblr-2930	92	5	that	that	SCONJ
cblr-2930	92	6	where	where	SCONJ
cblr-2930	92	7	there	there	PRON
cblr-2930	92	8	are	be	VERB
cblr-2930	92	9	a	a	DET
cblr-2930	92	10	number	number	NOUN
cblr-2930	92	11	of	of	ADP
cblr-2930	92	12	voters	voter	NOUN
cblr-2930	92	13	who	who	PRON
cblr-2930	92	14	must	must	AUX
cblr-2930	92	15	decide	decide	VERB
cblr-2930	92	16	on	on	ADP
cblr-2930	92	17	two	two	NUM
cblr-2930	92	18	alternatives	alternative	NOUN
cblr-2930	92	19	,	,	PUNCT
cblr-2930	92	20	one	one	NUM
cblr-2930	92	21	of	of	ADP
cblr-2930	92	22	which	which	PRON
cblr-2930	92	23	is	be	AUX
cblr-2930	92	24	correct	correct	ADJ
cblr-2930	92	25	and	and	CCONJ
cblr-2930	92	26	the	the	DET
cblr-2930	92	27	other	other	ADJ
cblr-2930	92	28	incorrect	incorrect	NOUN
cblr-2930	92	29	,	,	PUNCT
cblr-2930	92	30	and	and	CCONJ
cblr-2930	92	31	the	the	DET
cblr-2930	92	32	probability	probability	NOUN
cblr-2930	92	33	that	that	SCONJ
cblr-2930	92	34	any	any	DET
cblr-2930	92	35	given	give	VERB
cblr-2930	92	36	voter	voter	NOUN
cblr-2930	92	37	will	will	AUX
cblr-2930	92	38	vote	vote	VERB
cblr-2930	92	39	of	of	ADP
cblr-2930	92	40	protecting	protect	VERB
cblr-2930	92	41	investors	investor	NOUN
cblr-2930	92	42	against	against	ADP
cblr-2930	92	43	expropriation	expropriation	NOUN
cblr-2930	92	44	by	by	ADP
cblr-2930	92	45	dominant	dominant	ADJ
cblr-2930	92	46	shareholders	shareholder	NOUN
cblr-2930	92	47	,	,	PUNCT
cblr-2930	92	48	it	it	PRON
cblr-2930	92	49	is	be	AUX
cblr-2930	92	50	relevant	relevant	ADJ
cblr-2930	92	51	for	for	ADP
cblr-2930	92	52	present	present	ADJ
cblr-2930	92	53	purposes	purpose	NOUN
cblr-2930	92	54	.	.	PUNCT
cblr-2930	93	1	see	see	VERB
cblr-2930	93	2	infra	infra	NOUN
cblr-2930	93	3	note	note	VERB
cblr-2930	93	4	104	104	NUM
cblr-2930	93	5	and	and	CCONJ
cblr-2930	93	6	accompanying	accompany	VERB
cblr-2930	93	7	text	text	NOUN
cblr-2930	93	8	.	.	PUNCT
cblr-2930	94	1	12	12	NUM
cblr-2930	94	2	friedrich	friedrich	PROPN
cblr-2930	94	3	a.	a.	NOUN
cblr-2930	94	4	hayek	hayek	PROPN
cblr-2930	94	5	,	,	PUNCT
cblr-2930	94	6	the	the	DET
cblr-2930	94	7	use	use	NOUN
cblr-2930	94	8	of	of	ADP
cblr-2930	94	9	knowledge	knowledge	NOUN
cblr-2930	94	10	in	in	ADP
cblr-2930	94	11	society	society	NOUN
cblr-2930	94	12	,	,	PUNCT
cblr-2930	94	13	35	35	NUM
cblr-2930	94	14	am	am	NOUN
cblr-2930	94	15	.	.	PUNCT
cblr-2930	95	1	econ	econ	PROPN
cblr-2930	95	2	.	.	PUNCT
cblr-2930	96	1	rev	rev	PROPN
cblr-2930	96	2	.	.	PROPN
cblr-2930	96	3	519	519	NUM
cblr-2930	96	4	,	,	PUNCT
cblr-2930	96	5	525	525	NUM
cblr-2930	96	6	,	,	PUNCT
cblr-2930	96	7	529	529	NUM
cblr-2930	96	8	(	(	PUNCT
cblr-2930	96	9	1945	1945	NUM
cblr-2930	96	10	)	)	PUNCT
cblr-2930	96	11	.	.	PUNCT
cblr-2930	96	12	"	"	PUNCT
cblr-2930	97	1	sanford	sanford	PROPN
cblr-2930	97	2	grossman	grossman	PROPN
cblr-2930	97	3	,	,	PUNCT
cblr-2930	97	4	on	on	ADP
cblr-2930	97	5	the	the	DET
cblr-2930	97	6	efficiency	efficiency	NOUN
cblr-2930	97	7	of	of	ADP
cblr-2930	97	8	competitive	competitive	ADJ
cblr-2930	97	9	stock	stock	NOUN
cblr-2930	97	10	markets	market	NOUN
cblr-2930	97	11	where	where	SCONJ
cblr-2930	97	12	trades	trade	NOUN
cblr-2930	97	13	have	have	VERB
cblr-2930	97	14	diverse	diverse	ADJ
cblr-2930	97	15	information	information	NOUN
cblr-2930	97	16	,	,	PUNCT
cblr-2930	97	17	31	31	NUM
cblr-2930	97	18	j.	j.	PROPN
cblr-2930	97	19	fin	fin	PROPN
cblr-2930	97	20	.	.	PUNCT
cblr-2930	98	1	573	573	NUM
cblr-2930	98	2	,	,	PUNCT
cblr-2930	98	3	581	581	NUM
cblr-2930	98	4	(	(	PUNCT
cblr-2930	98	5	1976	1976	NUM
cblr-2930	98	6	)	)	PUNCT
cblr-2930	98	7	.	.	PUNCT
cblr-2930	99	1	769no	769no	PROPN
cblr-2930	99	2	.	.	PUNCT
cblr-2930	100	1	3:763]1	3:763]1	NUM
cblr-2930	100	2	mechanisms	mechanism	NOUN
cblr-2930	100	3	of	of	ADP
cblr-2930	100	4	voting	vote	VERB
cblr-2930	100	5	efficiency	efficiency	NOUN
cblr-2930	100	6	for	for	ADP
cblr-2930	100	7	the	the	DET
cblr-2930	100	8	correct	correct	ADJ
cblr-2930	100	9	alternative	alternative	NOUN
cblr-2930	100	10	is	be	AUX
cblr-2930	100	11	greater	great	ADJ
cblr-2930	100	12	than	than	ADP
cblr-2930	100	13	0.5	0.5	NUM
cblr-2930	100	14	(	(	PUNCT
cblr-2930	100	15	i.e.	i.e.	X
cblr-2930	100	16	,	,	PUNCT
cblr-2930	100	17	that	that	SCONJ
cblr-2930	100	18	such	such	ADJ
cblr-2930	100	19	voter	voter	NOUN
cblr-2930	100	20	is	be	AUX
cblr-2930	100	21	more	more	ADV
cblr-2930	100	22	likely	likely	ADJ
cblr-2930	100	23	to	to	PART
cblr-2930	100	24	be	be	AUX
cblr-2930	100	25	right	right	ADJ
cblr-2930	100	26	than	than	ADP
cblr-2930	100	27	wrong	wrong	ADJ
cblr-2930	100	28	)	)	PUNCT
cblr-2930	100	29	,	,	PUNCT
cblr-2930	100	30	then	then	ADV
cblr-2930	100	31	the	the	DET
cblr-2930	100	32	probability	probability	NOUN
cblr-2930	100	33	that	that	SCONJ
cblr-2930	100	34	a	a	DET
cblr-2930	100	35	majority	majority	NOUN
cblr-2930	100	36	vote	vote	NOUN
cblr-2930	100	37	will	will	AUX
cblr-2930	100	38	select	select	VERB
cblr-2930	100	39	the	the	DET
cblr-2930	100	40	correct	correct	ADJ
cblr-2930	100	41	alternative	alternative	ADJ
cblr-2930	100	42	approaches	approach	NOUN
cblr-2930	100	43	1	1	NUM
cblr-2930	100	44	as	as	SCONJ
cblr-2930	100	45	the	the	DET
cblr-2930	100	46	number	number	NOUN
cblr-2930	100	47	of	of	ADP
cblr-2930	100	48	voters	voter	NOUN
cblr-2930	100	49	gets	get	VERB
cblr-2930	100	50	larger	large	ADJ
cblr-2930	100	51	.	.	PUNCT
cblr-2930	101	1	4	4	NUM
cblr-2930	101	2	moreover	moreover	ADV
cblr-2930	101	3	,	,	PUNCT
cblr-2930	101	4	the	the	DET
cblr-2930	101	5	majority	majority	NOUN
cblr-2930	101	6	will	will	AUX
cblr-2930	101	7	be	be	AUX
cblr-2930	101	8	more	more	ADV
cblr-2930	101	9	likely	likely	ADJ
cblr-2930	101	10	to	to	PART
cblr-2930	101	11	vote	vote	VERB
cblr-2930	101	12	for	for	ADP
cblr-2930	101	13	the	the	DET
cblr-2930	101	14	correct	correct	ADJ
cblr-2930	101	15	alternative	alternative	NOUN
cblr-2930	101	16	than	than	ADP
cblr-2930	101	17	any	any	DET
cblr-2930	101	18	individual	individual	ADJ
cblr-2930	101	19	voter	voter	NOUN
cblr-2930	101	20	.	.	PUNCT
cblr-2930	102	1	15	15	NUM
cblr-2930	103	1	the	the	DET
cblr-2930	103	2	jury	jury	NOUN
cblr-2930	103	3	theorem	theorem	NOUN
cblr-2930	103	4	serves	serve	VERB
cblr-2930	103	5	as	as	ADP
cblr-2930	103	6	a	a	DET
cblr-2930	103	7	theoretical	theoretical	ADJ
cblr-2930	103	8	foundation	foundation	NOUN
cblr-2930	103	9	for	for	ADP
cblr-2930	103	10	two	two	NUM
cblr-2930	103	11	intriguing	intriguing	ADJ
cblr-2930	103	12	recent	recent	ADJ
cblr-2930	103	13	books	book	NOUN
cblr-2930	103	14	,	,	PUNCT
cblr-2930	103	15	james	james	PROPN
cblr-2930	103	16	surowiecki	surowiecki	PROPN
cblr-2930	103	17	's	's	PART
cblr-2930	103	18	the	the	DET
cblr-2930	103	19	wisdom	wisdom	NOUN
cblr-2930	103	20	of	of	ADP
cblr-2930	103	21	the	the	DET
cblr-2930	103	22	crowds	crowd	NOUN
cblr-2930	103	23	and	and	CCONJ
cblr-2930	103	24	cass	cass	PROPN
cblr-2930	103	25	sunstein	sunstein	PROPN
cblr-2930	103	26	's	's	PART
cblr-2930	103	27	infotopia	infotopia	NOUN
cblr-2930	103	28	:	:	PUNCT
cblr-2930	103	29	how	how	SCONJ
cblr-2930	103	30	many	many	ADJ
cblr-2930	103	31	minds	mind	NOUN
cblr-2930	103	32	produce	produce	VERB
cblr-2930	103	33	knowledge	knowledge	NOUN
cblr-2930	103	34	,	,	PUNCT
cblr-2930	103	35	both	both	PRON
cblr-2930	103	36	of	of	ADP
cblr-2930	103	37	which	which	PRON
cblr-2930	103	38	vividly	vividly	ADV
cblr-2930	103	39	describe	describe	VERB
cblr-2930	103	40	the	the	DET
cblr-2930	103	41	variety	variety	NOUN
cblr-2930	103	42	of	of	ADP
cblr-2930	103	43	contexts	context	NOUN
cblr-2930	103	44	in	in	ADP
cblr-2930	103	45	which	which	PRON
cblr-2930	103	46	crowds	crowd	NOUN
cblr-2930	103	47	display	display	VERB
cblr-2930	103	48	remarkable	remarkable	ADJ
cblr-2930	103	49	wisdom	wisdom	NOUN
cblr-2930	103	50	-	-	PUNCT
cblr-2930	103	51	from	from	ADP
cblr-2930	103	52	football	football	NOUN
cblr-2930	103	53	prediction	prediction	NOUN
cblr-2930	103	54	markets	market	NOUN
cblr-2930	103	55	to	to	ADP
cblr-2930	103	56	wikipedia	wikipedia	PROPN
cblr-2930	103	57	.	.	PUNCT
cblr-2930	104	1	*	*	PUNCT
cblr-2930	104	2	meanwhile	meanwhile	ADV
cblr-2930	104	3	,	,	PUNCT
cblr-2930	104	4	a	a	DET
cblr-2930	104	5	growing	grow	VERB
cblr-2930	104	6	number	number	NOUN
cblr-2930	104	7	of	of	ADP
cblr-2930	104	8	scholars	scholar	NOUN
cblr-2930	104	9	refer	refer	VERB
cblr-2930	104	10	to	to	ADP
cblr-2930	104	11	the	the	DET
cblr-2930	104	12	jury	jury	NOUN
cblr-2930	104	13	theorem	theorem	VERB
cblr-2930	104	14	as	as	ADP
cblr-2930	104	15	a	a	DET
cblr-2930	104	16	theoretical	theoretical	ADJ
cblr-2930	104	17	foundation	foundation	NOUN
cblr-2930	104	18	for	for	ADP
cblr-2930	104	19	corporate	corporate	ADJ
cblr-2930	104	20	voting	voting	NOUN
cblr-2930	104	21	.	.	PUNCT
cblr-2930	104	22	"	"	PUNCT
cblr-2930	105	1	the	the	DET
cblr-2930	105	2	basic	basic	ADJ
cblr-2930	105	3	proposition	proposition	NOUN
cblr-2930	105	4	reads	read	VERB
cblr-2930	105	5	something	something	PRON
cblr-2930	105	6	like	like	ADP
cblr-2930	105	7	this	this	PRON
cblr-2930	105	8	:	:	PUNCT
cblr-2930	105	9	in	in	ADP
cblr-2930	105	10	"	"	PUNCT
cblr-2930	105	11	'	'	PUNCT
cblr-2930	105	12	this	this	DET
cblr-2930	105	13	description	description	NOUN
cblr-2930	105	14	is	be	AUX
cblr-2930	105	15	taken	take	VERB
cblr-2930	105	16	from	from	ADP
cblr-2930	105	17	paul	paul	PROPN
cblr-2930	105	18	h.	h.	PROPN
cblr-2930	105	19	edelman	edelman	PROPN
cblr-2930	105	20	,	,	PUNCT
cblr-2930	105	21	on	on	SCONJ
cblr-2930	105	22	legal	legal	ADJ
cblr-2930	105	23	interpretations	interpretation	NOUN
cblr-2930	105	24	of	of	ADP
cblr-2930	105	25	the	the	DET
cblr-2930	105	26	condorcet	condorcet	PROPN
cblr-2930	105	27	jury	jury	NOUN
cblr-2930	105	28	theorem	theorem	VERB
cblr-2930	105	29	,	,	PUNCT
cblr-2930	105	30	31	31	NUM
cblr-2930	105	31	j.	j.	PROPN
cblr-2930	105	32	legal	legal	ADJ
cblr-2930	105	33	stud	stud	NOUN
cblr-2930	105	34	.	.	PUNCT
cblr-2930	106	1	327	327	NUM
cblr-2930	106	2	,	,	PUNCT
cblr-2930	106	3	328	328	NUM
cblr-2930	106	4	(	(	PUNCT
cblr-2930	106	5	2002	2002	NUM
cblr-2930	106	6	)	)	PUNCT
cblr-2930	106	7	.	.	PUNCT
cblr-2930	107	1	"	"	PUNCT
cblr-2930	107	2	this	this	PRON
cblr-2930	107	3	can	can	AUX
cblr-2930	107	4	be	be	AUX
cblr-2930	107	5	illustrated	illustrate	VERB
cblr-2930	107	6	as	as	SCONJ
cblr-2930	107	7	follows	follow	VERB
cblr-2930	107	8	.	.	PUNCT
cblr-2930	108	1	in	in	ADP
cblr-2930	108	2	a	a	DET
cblr-2930	108	3	setting	setting	NOUN
cblr-2930	108	4	with	with	ADP
cblr-2930	108	5	three	three	NUM
cblr-2930	108	6	voters	voter	NOUN
cblr-2930	108	7	,	,	PUNCT
cblr-2930	108	8	a	a	DET
cblr-2930	108	9	,	,	PUNCT
cblr-2930	108	10	b	b	NOUN
cblr-2930	108	11	,	,	PUNCT
cblr-2930	108	12	and	and	CCONJ
cblr-2930	108	13	c	c	X
cblr-2930	108	14	,	,	PUNCT
cblr-2930	108	15	who	who	PRON
cblr-2930	108	16	each	each	DET
cblr-2930	108	17	vote	vote	NOUN
cblr-2930	108	18	for	for	ADP
cblr-2930	108	19	the	the	DET
cblr-2930	108	20	correct	correct	ADJ
cblr-2930	108	21	answer	answer	NOUN
cblr-2930	108	22	with	with	ADP
cblr-2930	108	23	probability	probability	NOUN
cblr-2930	108	24	0.7	0.7	NUM
cblr-2930	108	25	,	,	PUNCT
cblr-2930	108	26	the	the	DET
cblr-2930	108	27	probability	probability	NOUN
cblr-2930	108	28	that	that	SCONJ
cblr-2930	108	29	they	they	PRON
cblr-2930	108	30	will	will	AUX
cblr-2930	108	31	all	all	ADV
cblr-2930	108	32	be	be	AUX
cblr-2930	108	33	correct	correct	ADJ
cblr-2930	108	34	is	be	AUX
cblr-2930	108	35	0.7	0.7	NUM
cblr-2930	108	36	x	x	SYM
cblr-2930	108	37	0.7	0.7	NUM
cblr-2930	108	38	x	x	SYM
cblr-2930	108	39	0.7	0.7	NUM
cblr-2930	108	40	=	=	SYM
cblr-2930	108	41	0.343	0.343	NUM
cblr-2930	108	42	;	;	PUNCT
cblr-2930	108	43	the	the	DET
cblr-2930	108	44	probability	probability	NOUN
cblr-2930	108	45	that	that	SCONJ
cblr-2930	108	46	a	a	PRON
cblr-2930	108	47	and	and	CCONJ
cblr-2930	108	48	b	b	NOUN
cblr-2930	108	49	will	will	AUX
cblr-2930	108	50	be	be	AUX
cblr-2930	108	51	correct	correct	ADJ
cblr-2930	108	52	is	be	AUX
cblr-2930	108	53	0.7	0.7	NUM
cblr-2930	108	54	x	x	SYM
cblr-2930	108	55	0.7	0.7	NUM
cblr-2930	108	56	x	x	SYM
cblr-2930	108	57	0.3	0.3	NUM
cblr-2930	108	58	=	=	SYM
cblr-2930	108	59	0.147	0.147	NUM
cblr-2930	108	60	;	;	PUNCT
cblr-2930	108	61	the	the	DET
cblr-2930	108	62	probability	probability	NOUN
cblr-2930	108	63	that	that	SCONJ
cblr-2930	108	64	b	b	NOUN
cblr-2930	108	65	and	and	CCONJ
cblr-2930	108	66	c	c	PROPN
cblr-2930	108	67	will	will	AUX
cblr-2930	108	68	be	be	AUX
cblr-2930	108	69	correct	correct	ADJ
cblr-2930	108	70	is	be	AUX
cblr-2930	108	71	also	also	ADV
cblr-2930	108	72	0.147	0.147	NUM
cblr-2930	108	73	,	,	PUNCT
cblr-2930	108	74	as	as	SCONJ
cblr-2930	108	75	is	be	AUX
cblr-2930	108	76	the	the	DET
cblr-2930	108	77	probability	probability	NOUN
cblr-2930	108	78	that	that	SCONJ
cblr-2930	108	79	a	a	PRON
cblr-2930	108	80	and	and	CCONJ
cblr-2930	108	81	c	c	NOUN
cblr-2930	108	82	will	will	AUX
cblr-2930	108	83	be	be	AUX
cblr-2930	108	84	correct	correct	ADJ
cblr-2930	108	85	.	.	PUNCT
cblr-2930	109	1	the	the	DET
cblr-2930	109	2	majority	majority	NOUN
cblr-2930	109	3	will	will	AUX
cblr-2930	109	4	therefore	therefore	ADV
cblr-2930	109	5	be	be	AUX
cblr-2930	109	6	correct	correct	ADJ
cblr-2930	109	7	with	with	ADP
cblr-2930	109	8	probability	probability	NOUN
cblr-2930	109	9	0.343	0.343	NUM
cblr-2930	109	10	+	+	CCONJ
cblr-2930	109	11	3	3	NUM
cblr-2930	109	12	x	x	SYM
cblr-2930	109	13	0.147	0.147	NUM
cblr-2930	109	14	=	=	SYM
cblr-2930	109	15	0.784	0.784	NUM
cblr-2930	109	16	,	,	PUNCT
cblr-2930	109	17	a	a	DET
cblr-2930	109	18	higher	high	ADJ
cblr-2930	109	19	probability	probability	NOUN
cblr-2930	109	20	than	than	ADP
cblr-2930	109	21	the	the	DET
cblr-2930	109	22	probability	probability	NOUN
cblr-2930	109	23	that	that	SCONJ
cblr-2930	109	24	any	any	DET
cblr-2930	109	25	individual	individual	ADJ
cblr-2930	109	26	voter	voter	NOUN
cblr-2930	109	27	will	will	AUX
cblr-2930	109	28	be	be	AUX
cblr-2930	109	29	correct	correct	ADJ
cblr-2930	109	30	.	.	PUNCT
cblr-2930	110	1	1	1	NUM
cblr-2930	110	2	james	james	PROPN
cblr-2930	110	3	surowiecki	surowiecki	PROPN
cblr-2930	110	4	,	,	PUNCT
cblr-2930	110	5	the	the	DET
cblr-2930	110	6	wisdom	wisdom	NOUN
cblr-2930	110	7	of	of	ADP
cblr-2930	110	8	the	the	DET
cblr-2930	110	9	crowds	crowd	NOUN
cblr-2930	110	10	:	:	PUNCT
cblr-2930	110	11	why	why	SCONJ
cblr-2930	110	12	the	the	DET
cblr-2930	110	13	many	many	ADJ
cblr-2930	110	14	are	be	AUX
cblr-2930	110	15	smarter	smart	ADJ
cblr-2930	110	16	than	than	ADP
cblr-2930	110	17	the	the	DET
cblr-2930	110	18	few	few	ADJ
cblr-2930	110	19	(	(	PUNCT
cblr-2930	110	20	2005	2005	NUM
cblr-2930	110	21	)	)	PUNCT
cblr-2930	110	22	;	;	PUNCT
cblr-2930	110	23	cass	cass	PROPN
cblr-2930	110	24	r.	r.	PROPN
cblr-2930	110	25	sunstein	sunstein	PROPN
cblr-2930	110	26	,	,	PUNCT
cblr-2930	110	27	info'opia	info'opia	PROPN
cblr-2930	110	28	:	:	PUNCT
cblr-2930	110	29	how	how	SCONJ
cblr-2930	110	30	many	many	ADJ
cblr-2930	110	31	minds	mind	NOUN
cblr-2930	110	32	produce	produce	VERB
cblr-2930	110	33	knowledge	knowledge	NOUN
cblr-2930	110	34	(	(	PUNCT
cblr-2930	110	35	2006	2006	NUM
cblr-2930	110	36	)	)	PUNCT
cblr-2930	110	37	.	.	PUNCT
cblr-2930	110	38	"	"	PUNCT
cblr-2930	111	1	see	see	VERB
cblr-2930	111	2	shmuel	shmuel	PROPN
cblr-2930	111	3	nitzan	nitzan	PROPN
cblr-2930	111	4	&	&	CCONJ
cblr-2930	111	5	uriel	uriel	PROPN
cblr-2930	111	6	procaccia	procaccia	PROPN
cblr-2930	111	7	,	,	PUNCT
cblr-2930	111	8	optimal	optimal	ADJ
cblr-2930	111	9	voting	voting	NOUN
cblr-2930	111	10	procedures	procedure	NOUN
cblr-2930	111	11	for	for	ADP
cblr-2930	111	12	profit	profit	NOUN
cblr-2930	111	13	maximizing	maximize	VERB
cblr-2930	111	14	firms	firm	NOUN
cblr-2930	111	15	,	,	PUNCT
cblr-2930	111	16	51	51	NUM
cblr-2930	111	17	pub	pub	NOUN
cblr-2930	111	18	.	.	PUNCT
cblr-2930	112	1	choice	choice	NOUN
cblr-2930	112	2	191	191	NUM
cblr-2930	112	3	,	,	PUNCT
cblr-2930	112	4	197	197	NUM
cblr-2930	112	5	(	(	PUNCT
cblr-2930	112	6	1986	1986	NUM
cblr-2930	112	7	)	)	PUNCT
cblr-2930	112	8	(	(	PUNCT
cblr-2930	112	9	noting	note	VERB
cblr-2930	112	10	that	that	SCONJ
cblr-2930	112	11	"	"	PUNCT
cblr-2930	112	12	as	as	SCONJ
cblr-2930	112	13	the	the	DET
cblr-2930	112	14	number	number	NOUN
cblr-2930	112	15	of	of	ADP
cblr-2930	112	16	consultants	consultant	NOUN
cblr-2930	112	17	tends	tend	VERB
cblr-2930	112	18	to	to	PART
cblr-2930	112	19	infinity	infinity	VERB
cblr-2930	112	20	,	,	PUNCT
cblr-2930	112	21	the	the	DET
cblr-2930	112	22	probability	probability	NOUN
cblr-2930	112	23	of	of	ADP
cblr-2930	112	24	identifying	identify	VERB
cblr-2930	112	25	the	the	DET
cblr-2930	112	26	'	'	PUNCT
cblr-2930	112	27	correct	correct	ADJ
cblr-2930	112	28	'	'	PUNCT
cblr-2930	112	29	alternative	alternative	NOUN
cblr-2930	112	30	under	under	ADP
cblr-2930	112	31	uncertainty	uncertainty	NOUN
cblr-2930	112	32	tends	tend	VERB
cblr-2930	112	33	to	to	ADP
cblr-2930	112	34	one	one	NUM
cblr-2930	112	35	"	"	PUNCT
cblr-2930	112	36	)	)	PUNCT
cblr-2930	112	37	;	;	PUNCT
cblr-2930	112	38	zohar	zohar	PROPN
cblr-2930	112	39	goshen	goshen	PROPN
cblr-2930	112	40	,	,	PUNCT
cblr-2930	112	41	controlling	control	VERB
cblr-2930	112	42	strategic	strategic	ADJ
cblr-2930	112	43	voting	voting	NOUN
cblr-2930	112	44	:	:	PUNCT
cblr-2930	112	45	property	property	NOUN
cblr-2930	112	46	rule	rule	NOUN
cblr-2930	112	47	or	or	CCONJ
cblr-2930	112	48	liability	liability	NOUN
cblr-2930	112	49	rule	rule	NOUN
cblr-2930	112	50	?	?	PUNCT
cblr-2930	112	51	,	,	PUNCT
cblr-2930	112	52	70	70	NUM
cblr-2930	112	53	s.	s.	PROPN
cblr-2930	112	54	cal	cal	PROPN
cblr-2930	112	55	.	.	PUNCT
cblr-2930	113	1	l.	l.	PROPN
cblr-2930	113	2	rev	rev	PROPN
cblr-2930	113	3	.	.	PROPN
cblr-2930	113	4	741	741	NUM
cblr-2930	113	5	,	,	PUNCT
cblr-2930	113	6	744	744	NUM
cblr-2930	113	7	(	(	PUNCT
cblr-2930	113	8	1996	1996	NUM
cblr-2930	113	9	)	)	PUNCT
cblr-2930	114	1	[	[	X
cblr-2930	114	2	hereinafter	hereinafter	NOUN
cblr-2930	114	3	goshen	goshen	PROPN
cblr-2930	114	4	,	,	PUNCT
cblr-2930	114	5	controlling	control	VERB
cblr-2930	114	6	strategic	strategic	ADJ
cblr-2930	114	7	voting	voting	NOUN
cblr-2930	114	8	]	]	X
cblr-2930	114	9	;	;	PUNCT
cblr-2930	114	10	zohar	zohar	PROPN
cblr-2930	114	11	goshen	goshen	PROPN
cblr-2930	114	12	,	,	PUNCT
cblr-2930	114	13	voting	vote	VERB
cblr-2930	114	14	(	(	PUNCT
cblr-2930	114	15	insincerely	insincerely	ADV
cblr-2930	114	16	)	)	PUNCT
cblr-2930	114	17	in	in	ADP
cblr-2930	114	18	corporate	corporate	ADJ
cblr-2930	114	19	law	law	NOUN
cblr-2930	114	20	,	,	PUNCT
cblr-2930	114	21	2	2	NUM
cblr-2930	114	22	theoretical	theoretical	ADJ
cblr-2930	114	23	inquiries	inquiry	NOUN
cblr-2930	114	24	l.	l.	PROPN
cblr-2930	114	25	815	815	NUM
cblr-2930	114	26	,	,	PUNCT
cblr-2930	114	27	815	815	NUM
cblr-2930	114	28	(	(	PUNCT
cblr-2930	114	29	2001	2001	NUM
cblr-2930	114	30	)	)	PUNCT
cblr-2930	114	31	(	(	PUNCT
cblr-2930	114	32	noting	note	VERB
cblr-2930	114	33	that	that	SCONJ
cblr-2930	114	34	"	"	PUNCT
cblr-2930	114	35	[	[	X
cblr-2930	114	36	u]nderlying	u]nderlye	VERB
cblr-2930	114	37	the	the	DET
cblr-2930	114	38	voting	voting	NOUN
cblr-2930	114	39	mechanism	mechanism	NOUN
cblr-2930	114	40	is	be	AUX
cblr-2930	114	41	a	a	DET
cblr-2930	114	42	statistical	statistical	ADJ
cblr-2930	114	43	proposition	proposition	NOUN
cblr-2930	114	44	that	that	SCONJ
cblr-2930	114	45	a	a	DET
cblr-2930	114	46	majority	majority	NOUN
cblr-2930	114	47	vote	vote	NOUN
cblr-2930	114	48	for	for	ADP
cblr-2930	114	49	a	a	DET
cblr-2930	114	50	corporate	corporate	ADJ
cblr-2930	114	51	transaction	transaction	NOUN
cblr-2930	114	52	represents	represent	VERB
cblr-2930	114	53	the	the	DET
cblr-2930	114	54	'	'	PUNCT
cblr-2930	114	55	correct	correct	ADJ
cblr-2930	114	56	choice	choice	NOUN
cblr-2930	114	57	'	'	PUNCT
cblr-2930	114	58	)	)	PUNCT
cblr-2930	114	59	;	;	PUNCT
cblr-2930	114	60	saul	saul	PROPN
cblr-2930	114	61	levmore	levmore	PROPN
cblr-2930	114	62	,	,	PUNCT
cblr-2930	114	63	voting	vote	VERB
cblr-2930	114	64	with	with	ADP
cblr-2930	114	65	intensity	intensity	NOUN
cblr-2930	114	66	,	,	PUNCT
cblr-2930	114	67	53	53	NUM
cblr-2930	114	68	stan	stan	PROPN
cblr-2930	114	69	.	.	PUNCT
cblr-2930	115	1	l.	l.	PROPN
cblr-2930	115	2	rev	rev	PROPN
cblr-2930	115	3	.	.	PROPN
cblr-2930	115	4	111	111	NUM
cblr-2930	115	5	,	,	PUNCT
cblr-2930	115	6	158	158	NUM
cblr-2930	115	7	(	(	PUNCT
cblr-2930	115	8	2000	2000	NUM
cblr-2930	115	9	)	)	PUNCT
cblr-2930	115	10	(	(	PUNCT
cblr-2930	115	11	noting	note	VERB
cblr-2930	115	12	with	with	ADP
cblr-2930	115	13	respect	respect	NOUN
cblr-2930	115	14	to	to	ADP
cblr-2930	115	15	corporate	corporate	ADJ
cblr-2930	115	16	voting	voting	NOUN
cblr-2930	115	17	that	that	SCONJ
cblr-2930	115	18	"	"	PUNCT
cblr-2930	115	19	there	there	PRON
cblr-2930	115	20	is	be	VERB
cblr-2930	115	21	something	something	PRON
cblr-2930	115	22	of	of	ADP
cblr-2930	115	23	a	a	DET
cblr-2930	115	24	case	case	NOUN
cblr-2930	115	25	to	to	PART
cblr-2930	115	26	be	be	AUX
cblr-2930	115	27	made	make	VERB
cblr-2930	115	28	for	for	ADP
cblr-2930	115	29	the	the	DET
cblr-2930	115	30	applicability	applicability	NOUN
cblr-2930	115	31	of	of	ADP
cblr-2930	115	32	the	the	DET
cblr-2930	115	33	condorcet	condorcet	PROPN
cblr-2930	115	34	jury	jury	NOUN
cblr-2930	115	35	theorem	theorem	VERB
cblr-2930	115	36	.	.	PUNCT
cblr-2930	115	37	.	.	PUNCT
cblr-2930	115	38	.	.	PUNCT
cblr-2930	115	39	.	.	PUNCT
cblr-2930	116	1	"	"	PUNCT
cblr-2930	116	2	)	)	PUNCT
cblr-2930	116	3	;	;	PUNCT
cblr-2930	116	4	robert	robert	PROPN
cblr-2930	116	5	b.	b.	PROPN
cblr-2930	116	6	thompson	thompson	PROPN
cblr-2930	116	7	&	&	CCONJ
cblr-2930	116	8	paul	paul	PROPN
cblr-2930	116	9	h.	h.	PROPN
cblr-2930	116	10	edelman	edelman	PROPN
cblr-2930	116	11	,	,	PUNCT
cblr-2930	116	12	corporate	corporate	ADJ
cblr-2930	116	13	voting	voting	NOUN
cblr-2930	116	14	,	,	PUNCT
cblr-2930	116	15	770	770	NUM
cblr-2930	116	16	col	col	PROPN
cblr-2930	116	17	umbia	umbia	PROPN
cblr-2930	116	18	b	b	PROPN
cblr-2930	116	19	usiness	usiness	PROPN
cblr-2930	116	20	la	la	PROPN
cblr-2930	116	21	w	w	PROPN
cblr-2930	116	22	re	re	PROPN
cblr-2930	116	23	vie	vie	PROPN
cblr-2930	116	24	w	w	PROPN
cblr-2930	117	1	[	[	X
cblr-2930	117	2	vol	vol	NOUN
cblr-2930	117	3	.	.	PUNCT
cblr-2930	118	1	2010	2010	NUM
cblr-2930	118	2	a	a	DET
cblr-2930	118	3	choice	choice	NOUN
cblr-2930	118	4	between	between	ADP
cblr-2930	118	5	two	two	NUM
cblr-2930	118	6	alternatives	alternative	NOUN
cblr-2930	118	7	(	(	PUNCT
cblr-2930	118	8	e.g.	e.g.	ADV
cblr-2930	118	9	,	,	PUNCT
cblr-2930	118	10	the	the	DET
cblr-2930	118	11	firm	firm	NOUN
cblr-2930	118	12	merges	merge	VERB
cblr-2930	118	13	or	or	CCONJ
cblr-2930	118	14	not	not	PART
cblr-2930	118	15	)	)	PUNCT
cblr-2930	118	16	,	,	PUNCT
cblr-2930	118	17	assuming	assume	VERB
cblr-2930	118	18	that	that	SCONJ
cblr-2930	118	19	shareholders	shareholder	NOUN
cblr-2930	118	20	vote	vote	NOUN
cblr-2930	118	21	for	for	ADP
cblr-2930	118	22	the	the	DET
cblr-2930	118	23	correct	correct	ADJ
cblr-2930	118	24	option	option	NOUN
cblr-2930	118	25	with	with	ADP
cblr-2930	118	26	probability	probability	NOUN
cblr-2930	118	27	greater	great	ADJ
cblr-2930	118	28	than	than	ADP
cblr-2930	118	29	0.5	0.5	NUM
cblr-2930	118	30	,	,	PUNCT
cblr-2930	118	31	then	then	ADV
cblr-2930	118	32	,	,	PUNCT
cblr-2930	118	33	as	as	SCONJ
cblr-2930	118	34	the	the	DET
cblr-2930	118	35	number	number	NOUN
cblr-2930	118	36	of	of	ADP
cblr-2930	118	37	shareholders	shareholder	NOUN
cblr-2930	118	38	increases	increase	NOUN
cblr-2930	118	39	,	,	PUNCT
cblr-2930	118	40	the	the	DET
cblr-2930	118	41	probability	probability	NOUN
cblr-2930	118	42	that	that	SCONJ
cblr-2930	118	43	a	a	DET
cblr-2930	118	44	majority	majority	NOUN
cblr-2930	118	45	vote	vote	NOUN
cblr-2930	118	46	taken	take	VERB
cblr-2930	118	47	at	at	ADP
cblr-2930	118	48	the	the	DET
cblr-2930	118	49	shareholders	shareholder	NOUN
cblr-2930	118	50	'	'	PART
cblr-2930	118	51	meeting	meeting	NOUN
cblr-2930	118	52	will	will	AUX
cblr-2930	118	53	select	select	VERB
cblr-2930	118	54	the	the	DET
cblr-2930	118	55	correct	correct	ADJ
cblr-2930	118	56	(	(	PUNCT
cblr-2930	118	57	i.e.	i.e.	X
cblr-2930	118	58	,	,	PUNCT
cblr-2930	118	59	value	value	NOUN
cblr-2930	118	60	maximizing	maximizing	NOUN
cblr-2930	118	61	)	)	PUNCT
cblr-2930	118	62	alternative	alternative	NOUN
cblr-2930	118	63	tends	tend	VERB
cblr-2930	118	64	toward	toward	ADP
cblr-2930	118	65	certainty	certainty	NOUN
cblr-2930	118	66	.	.	PUNCT
cblr-2930	118	67	"	"	PUNCT
cblr-2930	119	1	this	this	DET
cblr-2930	119	2	article	article	NOUN
cblr-2930	119	3	moves	move	VERB
cblr-2930	119	4	beyond	beyond	ADP
cblr-2930	119	5	mere	mere	ADJ
cblr-2930	119	6	references	reference	NOUN
cblr-2930	119	7	to	to	ADP
cblr-2930	119	8	the	the	DET
cblr-2930	119	9	jury	jury	NOUN
cblr-2930	119	10	theorem	theorem	VERB
cblr-2930	119	11	and	and	CCONJ
cblr-2930	119	12	toward	toward	ADP
cblr-2930	119	13	a	a	DET
cblr-2930	119	14	comprehensive	comprehensive	ADJ
cblr-2930	119	15	understanding	understanding	NOUN
cblr-2930	119	16	of	of	ADP
cblr-2930	119	17	the	the	DET
cblr-2930	119	18	determinants	determinant	NOUN
cblr-2930	119	19	of	of	ADP
cblr-2930	119	20	shareholders	shareholder	NOUN
cblr-2930	119	21	'	'	PART
cblr-2930	119	22	ability	ability	NOUN
cblr-2930	119	23	to	to	PART
cblr-2930	119	24	make	make	VERB
cblr-2930	119	25	the	the	DET
cblr-2930	119	26	right	right	ADJ
cblr-2930	119	27	decisions	decision	NOUN
cblr-2930	119	28	as	as	ADP
cblr-2930	119	29	a	a	DET
cblr-2930	119	30	group	group	NOUN
cblr-2930	119	31	.	.	PUNCT
cblr-2930	120	1	adrian	adrian	PROPN
cblr-2930	120	2	vermeule	vermeule	PROPN
cblr-2930	120	3	justly	justly	ADV
cblr-2930	120	4	notes	note	VERB
cblr-2930	120	5	that	that	SCONJ
cblr-2930	120	6	the	the	DET
cblr-2930	120	7	jury	jury	NOUN
cblr-2930	120	8	theorem	theorem	VERB
cblr-2930	120	9	rests	rest	NOUN
cblr-2930	120	10	on	on	ADP
cblr-2930	120	11	fragile	fragile	ADJ
cblr-2930	120	12	mechanisms	mechanism	NOUN
cblr-2930	120	13	that	that	PRON
cblr-2930	120	14	apply	apply	VERB
cblr-2930	120	15	only	only	ADV
cblr-2930	120	16	under	under	ADP
cblr-2930	120	17	narrow	narrow	ADJ
cblr-2930	120	18	conditions	condition	NOUN
cblr-2930	120	19	.	.	PUNCT
cblr-2930	121	1	'9	'9	NOUN
cblr-2930	122	1	as	as	ADP
cblr-2930	122	2	a	a	DET
cblr-2930	122	3	first	first	ADJ
cblr-2930	122	4	step	step	NOUN
cblr-2930	122	5	,	,	PUNCT
cblr-2930	122	6	we	we	PRON
cblr-2930	122	7	need	need	VERB
cblr-2930	122	8	to	to	PART
cblr-2930	122	9	identify	identify	VERB
cblr-2930	122	10	these	these	DET
cblr-2930	122	11	conditions	condition	NOUN
cblr-2930	122	12	and	and	CCONJ
cblr-2930	122	13	determine	determine	VERB
cblr-2930	122	14	whether	whether	SCONJ
cblr-2930	122	15	they	they	PRON
cblr-2930	122	16	hold	hold	VERB
cblr-2930	122	17	given	give	VERB
cblr-2930	122	18	what	what	PRON
cblr-2930	122	19	we	we	PRON
cblr-2930	122	20	know	know	VERB
cblr-2930	122	21	about	about	ADP
cblr-2930	122	22	how	how	SCONJ
cblr-2930	122	23	investors	investor	NOUN
cblr-2930	122	24	make	make	VERB
cblr-2930	122	25	decisions	decision	NOUN
cblr-2930	122	26	in	in	ADP
cblr-2930	122	27	real	real	ADJ
cblr-2930	122	28	life	life	NOUN
cblr-2930	122	29	.	.	PUNCT
cblr-2930	123	1	fortunately	fortunately	ADV
cblr-2930	123	2	,	,	PUNCT
cblr-2930	123	3	finance	finance	NOUN
cblr-2930	123	4	research	research	NOUN
cblr-2930	123	5	has	have	AUX
cblr-2930	123	6	already	already	ADV
cblr-2930	123	7	taught	teach	VERB
cblr-2930	123	8	us	we	PRON
cblr-2930	123	9	a	a	DET
cblr-2930	123	10	lot	lot	NOUN
cblr-2930	123	11	about	about	ADP
cblr-2930	123	12	how	how	SCONJ
cblr-2930	123	13	investors	investor	NOUN
cblr-2930	123	14	make	make	VERB
cblr-2930	123	15	investment	investment	NOUN
cblr-2930	123	16	decisions	decision	NOUN
cblr-2930	123	17	and	and	CCONJ
cblr-2930	123	18	how	how	SCONJ
cblr-2930	123	19	these	these	DET
cblr-2930	123	20	decisions	decision	NOUN
cblr-2930	123	21	impact	impact	VERB
cblr-2930	123	22	market	market	NOUN
cblr-2930	123	23	efficiency	efficiency	NOUN
cblr-2930	123	24	.	.	PUNCT
cblr-2930	124	1	we	we	PRON
cblr-2930	124	2	can	can	AUX
cblr-2930	124	3	make	make	VERB
cblr-2930	124	4	great	great	ADJ
cblr-2930	124	5	progress	progress	NOUN
cblr-2930	124	6	by	by	ADP
cblr-2930	124	7	using	use	VERB
cblr-2930	124	8	these	these	DET
cblr-2930	124	9	insights	insight	NOUN
cblr-2930	124	10	to	to	PART
cblr-2930	124	11	assess	assess	VERB
cblr-2930	124	12	how	how	SCONJ
cblr-2930	124	13	investors	investor	NOUN
cblr-2930	124	14	make	make	VERB
cblr-2930	124	15	voting	voting	NOUN
cblr-2930	124	16	decisions	decision	NOUN
cblr-2930	124	17	and	and	CCONJ
cblr-2930	124	18	how	how	SCONJ
cblr-2930	124	19	these	these	DET
cblr-2930	124	20	decisions	decision	NOUN
cblr-2930	124	21	impact	impact	VERB
cblr-2930	124	22	voting	voting	NOUN
cblr-2930	124	23	efficiency	efficiency	NOUN
cblr-2930	124	24	.	.	PUNCT
cblr-2930	125	1	as	as	ADP
cblr-2930	125	2	a	a	DET
cblr-2930	125	3	second	second	ADJ
cblr-2930	125	4	step	step	NOUN
cblr-2930	125	5	,	,	PUNCT
cblr-2930	125	6	we	we	PRON
cblr-2930	125	7	need	need	VERB
cblr-2930	125	8	to	to	PART
cblr-2930	125	9	expand	expand	VERB
cblr-2930	125	10	our	our	PRON
cblr-2930	125	11	view	view	NOUN
cblr-2930	125	12	by	by	ADP
cblr-2930	125	13	exploring	explore	VERB
cblr-2930	125	14	models	model	NOUN
cblr-2930	125	15	of	of	ADP
cblr-2930	125	16	crowd	crowd	NOUN
cblr-2930	125	17	wisdom	wisdom	NOUN
cblr-2930	125	18	other	other	ADJ
cblr-2930	125	19	than	than	SCONJ
cblr-2930	125	20	the	the	DET
cblr-2930	125	21	jury	jury	NOUN
cblr-2930	125	22	theorem	theorem	VERB
cblr-2930	125	23	.	.	PUNCT
cblr-2930	126	1	taking	take	VERB
cblr-2930	126	2	these	these	DET
cblr-2930	126	3	two	two	NUM
cblr-2930	126	4	analytical	analytical	ADJ
cblr-2930	126	5	steps	step	NOUN
cblr-2930	126	6	provides	provide	VERB
cblr-2930	126	7	us	we	PRON
cblr-2930	126	8	with	with	ADP
cblr-2930	126	9	a	a	DET
cblr-2930	126	10	taxonomy	taxonomy	NOUN
cblr-2930	126	11	of	of	ADP
cblr-2930	126	12	what	what	PRON
cblr-2930	126	13	might	might	AUX
cblr-2930	126	14	be	be	AUX
cblr-2930	126	15	referred	refer	VERB
cblr-2930	126	16	to	to	ADP
cblr-2930	126	17	as	as	ADP
cblr-2930	126	18	the	the	DET
cblr-2930	126	19	mechanisms	mechanism	NOUN
cblr-2930	126	20	of	of	ADP
cblr-2930	126	21	voting	voting	NOUN
cblr-2930	126	22	efficiency	efficiency	NOUN
cblr-2930	126	23	.	.	PUNCT
cblr-2930	127	1	62	62	NUM
cblr-2930	127	2	vand	vand	NOUN
cblr-2930	127	3	.	.	PUNCT
cblr-2930	128	1	l.	l.	PROPN
cblr-2930	128	2	rev	rev	PROPN
cblr-2930	128	3	.	.	PROPN
cblr-2930	128	4	129	129	NUM
cblr-2930	128	5	,	,	PUNCT
cblr-2930	128	6	149	149	NUM
cblr-2930	128	7	(	(	PUNCT
cblr-2930	128	8	2009	2009	NUM
cblr-2930	128	9	)	)	PUNCT
cblr-2930	128	10	(	(	PUNCT
cblr-2930	128	11	proposing	propose	VERB
cblr-2930	128	12	a	a	DET
cblr-2930	128	13	theory	theory	NOUN
cblr-2930	128	14	of	of	ADP
cblr-2930	128	15	corporate	corporate	ADJ
cblr-2930	128	16	voting	voting	NOUN
cblr-2930	128	17	that	that	PRON
cblr-2930	128	18	turns	turn	VERB
cblr-2930	128	19	on	on	ADP
cblr-2930	128	20	information	information	NOUN
cblr-2930	128	21	aggregation	aggregation	NOUN
cblr-2930	128	22	and	and	CCONJ
cblr-2930	128	23	error	error	NOUN
cblr-2930	128	24	correction	correction	NOUN
cblr-2930	128	25	and	and	CCONJ
cblr-2930	128	26	referring	refer	VERB
cblr-2930	128	27	to	to	ADP
cblr-2930	128	28	the	the	DET
cblr-2930	128	29	jury	jury	NOUN
cblr-2930	128	30	theorem	theorem	VERB
cblr-2930	128	31	)	)	PUNCT
cblr-2930	128	32	.	.	PUNCT
cblr-2930	129	1	1	1	NUM
cblr-2930	129	2	the	the	DET
cblr-2930	129	3	emphasis	emphasis	NOUN
cblr-2930	129	4	on	on	ADP
cblr-2930	129	5	increasing	increase	VERB
cblr-2930	129	6	numbers	number	NOUN
cblr-2930	129	7	of	of	ADP
cblr-2930	129	8	shareholders	shareholder	NOUN
cblr-2930	129	9	implies	imply	VERB
cblr-2930	129	10	that	that	SCONJ
cblr-2930	129	11	the	the	DET
cblr-2930	129	12	jury	jury	NOUN
cblr-2930	129	13	theorem	theorem	NOUN
cblr-2930	129	14	is	be	AUX
cblr-2930	129	15	especially	especially	ADV
cblr-2930	129	16	useful	useful	ADJ
cblr-2930	129	17	as	as	ADP
cblr-2930	129	18	a	a	DET
cblr-2930	129	19	theoretical	theoretical	ADJ
cblr-2930	129	20	foundation	foundation	NOUN
cblr-2930	129	21	for	for	ADP
cblr-2930	129	22	corporate	corporate	ADJ
cblr-2930	129	23	voting	voting	NOUN
cblr-2930	129	24	in	in	ADP
cblr-2930	129	25	widely	widely	ADV
cblr-2930	129	26	held	hold	VERB
cblr-2930	129	27	(	(	PUNCT
cblr-2930	129	28	listed	list	VERB
cblr-2930	129	29	)	)	PUNCT
cblr-2930	129	30	firms	firm	NOUN
cblr-2930	129	31	.	.	PUNCT
cblr-2930	130	1	the	the	DET
cblr-2930	130	2	theorem	theorem	NOUN
cblr-2930	130	3	is	be	AUX
cblr-2930	130	4	less	less	ADV
cblr-2930	130	5	useful	useful	ADJ
cblr-2930	130	6	as	as	ADP
cblr-2930	130	7	a	a	DET
cblr-2930	130	8	theoretical	theoretical	ADJ
cblr-2930	130	9	foundation	foundation	NOUN
cblr-2930	130	10	for	for	ADP
cblr-2930	130	11	corporate	corporate	ADJ
cblr-2930	130	12	voting	voting	NOUN
cblr-2930	130	13	in	in	ADP
cblr-2930	130	14	closely	closely	ADV
cblr-2930	130	15	held	hold	VERB
cblr-2930	130	16	(	(	PUNCT
cblr-2930	130	17	non	non	ADJ
cblr-2930	130	18	-	-	ADJ
cblr-2930	130	19	listed	listed	ADJ
cblr-2930	130	20	)	)	PUNCT
cblr-2930	130	21	firms	firm	NOUN
cblr-2930	130	22	,	,	PUNCT
cblr-2930	130	23	even	even	ADV
cblr-2930	130	24	if	if	SCONJ
cblr-2930	130	25	the	the	DET
cblr-2930	130	26	basic	basic	ADJ
cblr-2930	130	27	principles	principle	NOUN
cblr-2930	130	28	described	describe	VERB
cblr-2930	130	29	in	in	ADP
cblr-2930	130	30	this	this	DET
cblr-2930	130	31	article	article	NOUN
cblr-2930	130	32	will	will	AUX
cblr-2930	130	33	continue	continue	VERB
cblr-2930	130	34	to	to	PART
cblr-2930	130	35	apply	apply	VERB
cblr-2930	130	36	.	.	PUNCT
cblr-2930	131	1	listed	list	VERB
cblr-2930	131	2	firms	firm	NOUN
cblr-2930	131	3	with	with	ADP
cblr-2930	131	4	a	a	DET
cblr-2930	131	5	controlling	control	VERB
cblr-2930	131	6	shareholder	shareholder	NOUN
cblr-2930	131	7	form	form	VERB
cblr-2930	131	8	a	a	DET
cblr-2930	131	9	peculiar	peculiar	ADJ
cblr-2930	131	10	case	case	NOUN
cblr-2930	131	11	.	.	PUNCT
cblr-2930	132	1	even	even	ADV
cblr-2930	132	2	if	if	SCONJ
cblr-2930	132	3	the	the	DET
cblr-2930	132	4	total	total	ADJ
cblr-2930	132	5	number	number	NOUN
cblr-2930	132	6	of	of	ADP
cblr-2930	132	7	shareholders	shareholder	NOUN
cblr-2930	132	8	may	may	AUX
cblr-2930	132	9	be	be	AUX
cblr-2930	132	10	large	large	ADJ
cblr-2930	132	11	,	,	PUNCT
cblr-2930	132	12	the	the	DET
cblr-2930	132	13	fact	fact	NOUN
cblr-2930	132	14	that	that	SCONJ
cblr-2930	132	15	one	one	NUM
cblr-2930	132	16	shareholder	shareholder	NOUN
cblr-2930	132	17	de	de	X
cblr-2930	132	18	facto	facto	X
cblr-2930	132	19	controls	control	VERB
cblr-2930	132	20	a	a	DET
cblr-2930	132	21	majority	majority	NOUN
cblr-2930	132	22	of	of	ADP
cblr-2930	132	23	the	the	DET
cblr-2930	132	24	votes	vote	NOUN
cblr-2930	132	25	means	mean	VERB
cblr-2930	132	26	the	the	DET
cblr-2930	132	27	effective	effective	ADJ
cblr-2930	132	28	number	number	NOUN
cblr-2930	132	29	of	of	ADP
cblr-2930	132	30	voting	vote	VERB
cblr-2930	132	31	shareholders	shareholder	NOUN
cblr-2930	132	32	is	be	AUX
cblr-2930	132	33	reduced	reduce	VERB
cblr-2930	132	34	to	to	ADP
cblr-2930	132	35	one	one	NUM
cblr-2930	132	36	.	.	PUNCT
cblr-2930	133	1	moreover	moreover	ADV
cblr-2930	133	2	,	,	PUNCT
cblr-2930	133	3	there	there	PRON
cblr-2930	133	4	is	be	VERB
cblr-2930	133	5	a	a	DET
cblr-2930	133	6	risk	risk	NOUN
cblr-2930	133	7	that	that	SCONJ
cblr-2930	133	8	the	the	DET
cblr-2930	133	9	voting	vote	VERB
cblr-2930	133	10	behavior	behavior	NOUN
cblr-2930	133	11	of	of	ADP
cblr-2930	133	12	the	the	DET
cblr-2930	133	13	controlling	control	VERB
cblr-2930	133	14	shareholder	shareholder	NOUN
cblr-2930	133	15	is	be	AUX
cblr-2930	133	16	guided	guide	VERB
cblr-2930	133	17	by	by	ADP
cblr-2930	133	18	different	different	ADJ
cblr-2930	133	19	interests	interest	NOUN
cblr-2930	133	20	than	than	ADP
cblr-2930	133	21	the	the	DET
cblr-2930	133	22	interests	interest	NOUN
cblr-2930	133	23	of	of	ADP
cblr-2930	133	24	the	the	DET
cblr-2930	133	25	minority	minority	NOUN
cblr-2930	133	26	shareholders	shareholder	NOUN
cblr-2930	133	27	.	.	PUNCT
cblr-2930	134	1	see	see	VERB
cblr-2930	134	2	infra	infra	NOUN
cblr-2930	134	3	notes	note	VERB
cblr-2930	134	4	101	101	NUM
cblr-2930	134	5	-	-	SYM
cblr-2930	134	6	108	108	NUM
cblr-2930	134	7	and	and	CCONJ
cblr-2930	134	8	accompanying	accompany	VERB
cblr-2930	134	9	text	text	NOUN
cblr-2930	134	10	.	.	PUNCT
cblr-2930	135	1	19	19	NUM
cblr-2930	135	2	adrian	adrian	PROPN
cblr-2930	135	3	vermeule	vermeule	NOUN
cblr-2930	135	4	,	,	PUNCT
cblr-2930	135	5	many	many	ADJ
cblr-2930	135	6	-	-	PUNCT
cblr-2930	135	7	minds	mind	NOUN
cblr-2930	135	8	arguments	argument	NOUN
cblr-2930	135	9	in	in	ADP
cblr-2930	135	10	legal	legal	ADJ
cblr-2930	135	11	theory	theory	NOUN
cblr-2930	135	12	,	,	PUNCT
cblr-2930	135	13	1	1	NUM
cblr-2930	135	14	j.	j.	PROPN
cblr-2930	135	15	legal	legal	ADJ
cblr-2930	135	16	analysis	analysis	NOUN
cblr-2930	135	17	1	1	NUM
cblr-2930	135	18	,	,	PUNCT
cblr-2930	135	19	4	4	NUM
cblr-2930	135	20	(	(	PUNCT
cblr-2930	135	21	2009	2009	NUM
cblr-2930	135	22	)	)	PUNCT
cblr-2930	135	23	.	.	PUNCT
cblr-2930	136	1	771no	771no	NOUN
cblr-2930	136	2	.	.	PUNCT
cblr-2930	137	1	3:763	3:763	NUM
cblr-2930	137	2	]	]	PUNCT
cblr-2930	137	3	mechanisms	mechanism	NOUN
cblr-2930	137	4	of	of	ADP
cblr-2930	137	5	voting	voting	NOUN
cblr-2930	137	6	efficiency	efficiency	NOUN
cblr-2930	137	7	columbia	columbia	PROPN
cblr-2930	137	8	business	business	PROPN
cblr-2930	137	9	law	law	PROPN
cblr-2930	137	10	review	review	NOUN
cblr-2930	137	11	to	to	PART
cblr-2930	137	12	be	be	AUX
cblr-2930	137	13	sure	sure	ADJ
cblr-2930	137	14	,	,	PUNCT
cblr-2930	137	15	even	even	ADV
cblr-2930	137	16	if	if	SCONJ
cblr-2930	137	17	we	we	PRON
cblr-2930	137	18	look	look	VERB
cblr-2930	137	19	at	at	ADP
cblr-2930	137	20	both	both	CCONJ
cblr-2930	137	21	the	the	DET
cblr-2930	137	22	market	market	NOUN
cblr-2930	137	23	and	and	CCONJ
cblr-2930	137	24	voting	voting	NOUN
cblr-2930	137	25	as	as	ADP
cblr-2930	137	26	systems	system	NOUN
cblr-2930	137	27	for	for	ADP
cblr-2930	137	28	information	information	NOUN
cblr-2930	137	29	aggregation	aggregation	NOUN
cblr-2930	137	30	,	,	PUNCT
cblr-2930	137	31	differences	difference	NOUN
cblr-2930	137	32	remain	remain	VERB
cblr-2930	137	33	.	.	PUNCT
cblr-2930	138	1	but	but	CCONJ
cblr-2930	138	2	a	a	DET
cblr-2930	138	3	comparative	comparative	ADJ
cblr-2930	138	4	analysis	analysis	NOUN
cblr-2930	138	5	nevertheless	nevertheless	ADV
cblr-2930	138	6	yields	yield	VERB
cblr-2930	138	7	valuable	valuable	ADJ
cblr-2930	138	8	insights	insight	NOUN
cblr-2930	138	9	;	;	PUNCT
cblr-2930	138	10	indeed	indeed	ADV
cblr-2930	138	11	,	,	PUNCT
cblr-2930	138	12	this	this	DET
cblr-2930	138	13	article	article	NOUN
cblr-2930	138	14	is	be	AUX
cblr-2930	138	15	not	not	PART
cblr-2930	138	16	the	the	DET
cblr-2930	138	17	first	first	ADJ
cblr-2930	138	18	to	to	PART
cblr-2930	138	19	link	link	VERB
cblr-2930	138	20	the	the	DET
cblr-2930	138	21	two	two	NUM
cblr-2930	138	22	systems	system	NOUN
cblr-2930	138	23	.	.	PUNCT
cblr-2930	139	1	sunstein	sunstein	PROPN
cblr-2930	139	2	offers	offer	VERB
cblr-2930	139	3	a	a	DET
cblr-2930	139	4	"	"	PUNCT
cblr-2930	139	5	condorcetian	condorcetian	ADJ
cblr-2930	139	6	interpretation	interpretation	NOUN
cblr-2930	139	7	"	"	PUNCT
cblr-2930	139	8	of	of	ADP
cblr-2930	139	9	hayek	hayek	NOUN
cblr-2930	139	10	,	,	PUNCT
cblr-2930	139	11	arguing	argue	VERB
cblr-2930	139	12	that	that	SCONJ
cblr-2930	139	13	"	"	PUNCT
cblr-2930	139	14	[	[	X
cblr-2930	139	15	pirecisely	pirecisely	ADV
cblr-2930	139	16	because	because	SCONJ
cblr-2930	139	17	many	many	ADJ
cblr-2930	139	18	people	people	NOUN
cblr-2930	139	19	are	be	AUX
cblr-2930	139	20	making	make	VERB
cblr-2930	139	21	purchasing	purchasing	NOUN
cblr-2930	139	22	decisions	decision	NOUN
cblr-2930	139	23	,	,	PUNCT
cblr-2930	139	24	their	their	PRON
cblr-2930	139	25	aggregate	aggregate	ADJ
cblr-2930	139	26	judgments	judgment	NOUN
cblr-2930	139	27	are	be	AUX
cblr-2930	139	28	highly	highly	ADV
cblr-2930	139	29	likely	likely	ADJ
cblr-2930	139	30	to	to	PART
cblr-2930	139	31	be	be	AUX
cblr-2930	139	32	correct	correct	ADJ
cblr-2930	139	33	,	,	PUNCT
cblr-2930	139	34	at	at	ADP
cblr-2930	139	35	least	least	ADJ
cblr-2930	139	36	if	if	SCONJ
cblr-2930	139	37	most	most	ADJ
cblr-2930	139	38	purchasers	purchaser	NOUN
cblr-2930	139	39	have	have	VERB
cblr-2930	139	40	relevant	relevant	ADJ
cblr-2930	139	41	information	information	NOUN
cblr-2930	139	42	.	.	PUNCT
cblr-2930	140	1	"2	"2	PROPN
cblr-2930	140	2	0	0	NUM
cblr-2930	141	1	niall	niall	PROPN
cblr-2930	141	2	ferguson	ferguson	PROPN
cblr-2930	141	3	,	,	PUNCT
cblr-2930	141	4	in	in	ADP
cblr-2930	141	5	his	his	PRON
cblr-2930	141	6	book	book	NOUN
cblr-2930	141	7	the	the	DET
cblr-2930	141	8	ascent	ascent	NOUN
cblr-2930	141	9	of	of	ADP
cblr-2930	141	10	money	money	NOUN
cblr-2930	141	11	,	,	PUNCT
cblr-2930	141	12	puts	put	VERB
cblr-2930	141	13	it	it	PRON
cblr-2930	141	14	quite	quite	ADV
cblr-2930	141	15	clearly	clearly	ADV
cblr-2930	141	16	when	when	SCONJ
cblr-2930	141	17	he	he	PRON
cblr-2930	141	18	states	state	VERB
cblr-2930	141	19	that	that	SCONJ
cblr-2930	141	20	"	"	PUNCT
cblr-2930	141	21	in	in	ADP
cblr-2930	141	22	effect	effect	NOUN
cblr-2930	141	23	,	,	PUNCT
cblr-2930	141	24	stock	stock	NOUN
cblr-2930	141	25	markets	market	NOUN
cblr-2930	141	26	hold	hold	VERB
cblr-2930	141	27	hourly	hourly	ADJ
cblr-2930	141	28	referendums	referendum	NOUN
cblr-2930	141	29	on	on	ADP
cblr-2930	141	30	the	the	DET
cblr-2930	141	31	companies	company	NOUN
cblr-2930	141	32	whose	whose	DET
cblr-2930	141	33	shares	share	NOUN
cblr-2930	141	34	are	be	AUX
cblr-2930	141	35	traded	trade	VERB
cblr-2930	141	36	there	there	ADV
cblr-2930	141	37	:	:	PUNCT
cblr-2930	141	38	on	on	ADP
cblr-2930	141	39	the	the	DET
cblr-2930	141	40	quality	quality	NOUN
cblr-2930	141	41	of	of	ADP
cblr-2930	141	42	their	their	PRON
cblr-2930	141	43	management	management	NOUN
cblr-2930	141	44	,	,	PUNCT
cblr-2930	141	45	on	on	ADP
cblr-2930	141	46	the	the	DET
cblr-2930	141	47	appeal	appeal	NOUN
cblr-2930	141	48	of	of	ADP
cblr-2930	141	49	their	their	PRON
cblr-2930	141	50	products	product	NOUN
cblr-2930	141	51	,	,	PUNCT
cblr-2930	141	52	on	on	ADP
cblr-2930	141	53	the	the	DET
cblr-2930	141	54	prospects	prospect	NOUN
cblr-2930	141	55	of	of	ADP
cblr-2930	141	56	their	their	PRON
cblr-2930	141	57	principal	principal	ADJ
cblr-2930	141	58	markets	market	NOUN
cblr-2930	141	59	.	.	PUNCT
cblr-2930	142	1	"2	"2	PROPN
cblr-2930	142	2	1	1	NUM
cblr-2930	142	3	part	part	NOUN
cblr-2930	143	1	i	i	PRON
cblr-2930	143	2	of	of	ADP
cblr-2930	143	3	this	this	DET
cblr-2930	143	4	article	article	NOUN
cblr-2930	143	5	offers	offer	VERB
cblr-2930	143	6	a	a	DET
cblr-2930	143	7	working	work	VERB
cblr-2930	143	8	definition	definition	NOUN
cblr-2930	143	9	of	of	ADP
cblr-2930	143	10	voting	voting	NOUN
cblr-2930	143	11	efficiency	efficiency	NOUN
cblr-2930	143	12	,	,	PUNCT
cblr-2930	143	13	according	accord	VERB
cblr-2930	143	14	to	to	ADP
cblr-2930	143	15	which	which	DET
cblr-2930	143	16	voting	voting	NOUN
cblr-2930	143	17	is	be	AUX
cblr-2930	143	18	deemed	deem	VERB
cblr-2930	143	19	efficient	efficient	ADJ
cblr-2930	143	20	if	if	SCONJ
cblr-2930	143	21	it	it	PRON
cblr-2930	143	22	leads	lead	VERB
cblr-2930	143	23	to	to	ADP
cblr-2930	143	24	an	an	DET
cblr-2930	143	25	outcome	outcome	NOUN
cblr-2930	143	26	that	that	PRON
cblr-2930	143	27	maximizes	maximize	VERB
cblr-2930	143	28	shareholder	shareholder	NOUN
cblr-2930	143	29	value	value	NOUN
cblr-2930	143	30	.	.	PUNCT
cblr-2930	144	1	part	part	PROPN
cblr-2930	144	2	ii	ii	PROPN
cblr-2930	144	3	represents	represent	VERB
cblr-2930	144	4	the	the	DET
cblr-2930	144	5	core	core	NOUN
cblr-2930	144	6	of	of	ADP
cblr-2930	144	7	the	the	DET
cblr-2930	144	8	article	article	NOUN
cblr-2930	144	9	and	and	CCONJ
cblr-2930	144	10	identifies	identifie	NOUN
cblr-2930	144	11	and	and	CCONJ
cblr-2930	144	12	20	20	NUM
cblr-2930	144	13	sunstein	sunstein	NOUN
cblr-2930	144	14	,	,	PUNCT
cblr-2930	144	15	supra	supra	PROPN
cblr-2930	144	16	note	note	NOUN
cblr-2930	144	17	16	16	NUM
cblr-2930	144	18	,	,	PUNCT
cblr-2930	144	19	at	at	ADP
cblr-2930	144	20	121	121	NUM
cblr-2930	144	21	(	(	PUNCT
cblr-2930	144	22	noting	note	VERB
cblr-2930	144	23	also	also	ADV
cblr-2930	144	24	that	that	SCONJ
cblr-2930	144	25	"	"	PUNCT
cblr-2930	144	26	simply	simply	ADV
cblr-2930	144	27	because	because	SCONJ
cblr-2930	144	28	purchasers	purchaser	NOUN
cblr-2930	144	29	are	be	AUX
cblr-2930	144	30	purchasers	purchaser	NOUN
cblr-2930	144	31	,	,	PUNCT
cblr-2930	144	32	and	and	CCONJ
cblr-2930	144	33	hence	hence	ADV
cblr-2930	144	34	..	..	PUNCT
cblr-2930	144	35	.	.	PUNCT
cblr-2930	145	1	are	be	AUX
cblr-2930	145	2	willing	willing	ADJ
cblr-2930	145	3	to	to	PART
cblr-2930	145	4	put	put	VERB
cblr-2930	145	5	their	their	PRON
cblr-2930	145	6	money	money	NOUN
cblr-2930	145	7	where	where	SCONJ
cblr-2930	145	8	their	their	PRON
cblr-2930	145	9	mouth	mouth	NOUN
cblr-2930	145	10	is	be	AUX
cblr-2930	145	11	,	,	PUNCT
cblr-2930	145	12	there	there	PRON
cblr-2930	145	13	is	be	VERB
cblr-2930	145	14	an	an	DET
cblr-2930	145	15	increased	increase	VERB
cblr-2930	145	16	likelihood	likelihood	NOUN
cblr-2930	145	17	that	that	SCONJ
cblr-2930	145	18	they	they	PRON
cblr-2930	145	19	will	will	AUX
cblr-2930	145	20	be	be	AUX
cblr-2930	145	21	right	right	ADJ
cblr-2930	145	22	"	"	PUNCT
cblr-2930	145	23	)	)	PUNCT
cblr-2930	145	24	.	.	PUNCT
cblr-2930	146	1	but	but	CCONJ
cblr-2930	146	2	see	see	VERB
cblr-2930	146	3	vermeule	vermeule	NOUN
cblr-2930	146	4	,	,	PUNCT
cblr-2930	146	5	supra	supra	PROPN
cblr-2930	146	6	note	note	NOUN
cblr-2930	146	7	19	19	NUM
cblr-2930	146	8	,	,	PUNCT
cblr-2930	146	9	at	at	ADP
cblr-2930	146	10	10	10	NUM
cblr-2930	146	11	(	(	PUNCT
cblr-2930	146	12	noting	note	VERB
cblr-2930	146	13	that	that	SCONJ
cblr-2930	146	14	"	"	PUNCT
cblr-2930	146	15	[	[	X
cblr-2930	146	16	t]he	t]he	ADJ
cblr-2930	146	17	condorcetian	condorcetian	ADJ
cblr-2930	146	18	mechanism	mechanism	NOUN
cblr-2930	146	19	is	be	AUX
cblr-2930	146	20	a	a	DET
cblr-2930	146	21	model	model	NOUN
cblr-2930	146	22	of	of	ADP
cblr-2930	146	23	aggregated	aggregate	VERB
cblr-2930	146	24	intentions	intention	NOUN
cblr-2930	146	25	,	,	PUNCT
cblr-2930	146	26	not	not	PART
cblr-2930	146	27	an	an	DET
cblr-2930	146	28	invisible	invisible	ADJ
cblr-2930	146	29	-	-	PUNCT
cblr-2930	146	30	hand	hand	NOUN
cblr-2930	146	31	mechanism	mechanism	NOUN
cblr-2930	146	32	,	,	PUNCT
cblr-2930	146	33	whereas	whereas	SCONJ
cblr-2930	146	34	hayek	hayek	NOUN
cblr-2930	146	35	thinks	think	VERB
cblr-2930	146	36	that	that	SCONJ
cblr-2930	146	37	the	the	DET
cblr-2930	146	38	aggregation	aggregation	NOUN
cblr-2930	146	39	of	of	ADP
cblr-2930	146	40	information	information	NOUN
cblr-2930	146	41	must	must	AUX
cblr-2930	146	42	occur	occur	VERB
cblr-2930	146	43	through	through	ADP
cblr-2930	146	44	the	the	DET
cblr-2930	146	45	action	action	NOUN
cblr-2930	146	46	of	of	ADP
cblr-2930	146	47	the	the	DET
cblr-2930	146	48	invisible	invisible	ADJ
cblr-2930	146	49	hand	hand	NOUN
cblr-2930	146	50	"	"	PUNCT
cblr-2930	146	51	and	and	CCONJ
cblr-2930	146	52	that	that	SCONJ
cblr-2930	146	53	"	"	PUNCT
cblr-2930	146	54	[	[	X
cblr-2930	146	55	in	in	ADP
cblr-2930	146	56	this	this	DET
cblr-2930	146	57	sense	sense	NOUN
cblr-2930	146	58	,	,	PUNCT
cblr-2930	146	59	there	there	PRON
cblr-2930	146	60	can	can	AUX
cblr-2930	146	61	be	be	AUX
cblr-2930	146	62	no	no	DET
cblr-2930	146	63	condorcetian	condorcetian	ADJ
cblr-2930	146	64	interpretation	interpretation	NOUN
cblr-2930	146	65	of	of	ADP
cblr-2930	146	66	hayek	hayek	NOUN
cblr-2930	146	67	"	"	PUNCT
cblr-2930	146	68	)	)	PUNCT
cblr-2930	146	69	.	.	PUNCT
cblr-2930	147	1	note	note	VERB
cblr-2930	147	2	that	that	SCONJ
cblr-2930	147	3	this	this	DET
cblr-2930	147	4	article	article	NOUN
cblr-2930	147	5	applies	apply	VERB
cblr-2930	147	6	insights	insight	NOUN
cblr-2930	147	7	on	on	ADP
cblr-2930	147	8	market	market	NOUN
cblr-2930	147	9	efficiency	efficiency	NOUN
cblr-2930	147	10	to	to	ADP
cblr-2930	147	11	voting	vote	VERB
cblr-2930	147	12	efficiency	efficiency	NOUN
cblr-2930	147	13	in	in	ADP
cblr-2930	147	14	order	order	NOUN
cblr-2930	147	15	to	to	PART
cblr-2930	147	16	identify	identify	VERB
cblr-2930	147	17	mechanisms	mechanism	NOUN
cblr-2930	147	18	of	of	ADP
cblr-2930	147	19	voting	voting	NOUN
cblr-2930	147	20	efficiency	efficiency	NOUN
cblr-2930	147	21	,	,	PUNCT
cblr-2930	147	22	not	not	PART
cblr-2930	147	23	to	to	PART
cblr-2930	147	24	assess	assess	VERB
cblr-2930	147	25	how	how	SCONJ
cblr-2930	147	26	well	well	ADV
cblr-2930	147	27	voting	voting	NOUN
cblr-2930	147	28	aggregates	aggregate	NOUN
cblr-2930	147	29	information	information	NOUN
cblr-2930	147	30	compared	compare	VERB
cblr-2930	147	31	to	to	PART
cblr-2930	147	32	share	share	VERB
cblr-2930	147	33	trading	trading	NOUN
cblr-2930	147	34	,	,	PUNCT
cblr-2930	147	35	as	as	SCONJ
cblr-2930	147	36	some	some	DET
cblr-2930	147	37	other	other	ADJ
cblr-2930	147	38	scholars	scholar	NOUN
cblr-2930	147	39	have	have	AUX
cblr-2930	147	40	attempted	attempt	VERB
cblr-2930	147	41	to	to	PART
cblr-2930	147	42	do	do	VERB
cblr-2930	147	43	.	.	PUNCT
cblr-2930	148	1	for	for	ADP
cblr-2930	148	2	theoretical	theoretical	ADJ
cblr-2930	148	3	approaches	approach	NOUN
cblr-2930	148	4	,	,	PUNCT
cblr-2930	148	5	see	see	VERB
cblr-2930	148	6	,	,	PUNCT
cblr-2930	148	7	e.g.	e.g.	ADV
cblr-2930	148	8	,	,	PUNCT
cblr-2930	148	9	paul	paul	PROPN
cblr-2930	148	10	h.	h.	PROPN
cblr-2930	148	11	edelman	edelman	PROPN
cblr-2930	148	12	&	&	CCONJ
cblr-2930	148	13	randall	randall	PROPN
cblr-2930	148	14	s.	s.	PROPN
cblr-2930	148	15	thomas	thomas	PROPN
cblr-2930	148	16	,	,	PUNCT
cblr-2930	148	17	corporate	corporate	ADJ
cblr-2930	148	18	voting	voting	NOUN
cblr-2930	148	19	and	and	CCONJ
cblr-2930	148	20	the	the	DET
cblr-2930	148	21	takeover	takeover	NOUN
cblr-2930	148	22	debate	debate	NOUN
cblr-2930	148	23	,	,	PUNCT
cblr-2930	148	24	58	58	NUM
cblr-2930	148	25	vand	vand	NOUN
cblr-2930	148	26	.	.	PUNCT
cblr-2930	149	1	l.	l.	PROPN
cblr-2930	149	2	rev	rev	PROPN
cblr-2930	149	3	.	.	PROPN
cblr-2930	150	1	453	453	NUM
cblr-2930	150	2	(	(	PUNCT
cblr-2930	150	3	2005	2005	NUM
cblr-2930	150	4	)	)	PUNCT
cblr-2930	150	5	;	;	PUNCT
cblr-2930	150	6	lucian	lucian	PROPN
cblr-2930	150	7	a.	a.	PROPN
cblr-2930	150	8	bebchuk	bebchuk	PROPN
cblr-2930	150	9	&	&	CCONJ
cblr-2930	150	10	oliver	oliver	PROPN
cblr-2930	150	11	hart	hart	PROPN
cblr-2930	150	12	,	,	PUNCT
cblr-2930	150	13	takeover	takeover	NOUN
cblr-2930	150	14	bids	bid	NOUN
cblr-2930	150	15	vs.	vs.	ADP
cblr-2930	150	16	proxy	proxy	NOUN
cblr-2930	150	17	fights	fight	NOUN
cblr-2930	150	18	in	in	ADP
cblr-2930	150	19	contests	contest	NOUN
cblr-2930	150	20	for	for	ADP
cblr-2930	150	21	corporate	corporate	ADJ
cblr-2930	150	22	control	control	NOUN
cblr-2930	150	23	(	(	PUNCT
cblr-2930	150	24	harvard	harvard	PROPN
cblr-2930	150	25	univ	univ	PROPN
cblr-2930	150	26	.	.	PUNCT
cblr-2930	151	1	john	john	PROPN
cblr-2930	151	2	m.	m.	PROPN
cblr-2930	151	3	olin	olin	PROPN
cblr-2930	151	4	ctr	ctr	PROPN
cblr-2930	151	5	.	.	PUNCT
cblr-2930	152	1	for	for	ADP
cblr-2930	152	2	law	law	NOUN
cblr-2930	152	3	,	,	PUNCT
cblr-2930	152	4	econ	econ	PROPN
cblr-2930	152	5	.	.	PUNCT
cblr-2930	152	6	,	,	PUNCT
cblr-2930	152	7	and	and	CCONJ
cblr-2930	152	8	bus	bus	NOUN
cblr-2930	152	9	.	.	PUNCT
cblr-2930	152	10	,	,	PUNCT
cblr-2930	152	11	discussion	discussion	NOUN
cblr-2930	152	12	paper	paper	NOUN
cblr-2930	152	13	no	no	NOUN
cblr-2930	152	14	.	.	NOUN
cblr-2930	152	15	336	336	NUM
cblr-2930	152	16	,	,	PUNCT
cblr-2930	152	17	2001	2001	NUM
cblr-2930	152	18	)	)	PUNCT
cblr-2930	152	19	,	,	PUNCT
cblr-2930	152	20	available	available	ADJ
cblr-2930	152	21	at	at	ADP
cblr-2930	152	22	httpj	httpj	NOUN
cblr-2930	152	23	/	/	SYM
cblr-2930	152	24	ssrn.com	ssrn.com	X
cblr-2930	152	25	/	/	SYM
cblr-2930	152	26	abstract-290584	abstract-290584	NOUN
cblr-2930	152	27	;	;	PUNCT
cblr-2930	152	28	ronald	ronald	PROPN
cblr-2930	152	29	j.	j.	PROPN
cblr-2930	152	30	gilson	gilson	PROPN
cblr-2930	152	31	&	&	CCONJ
cblr-2930	152	32	alan	alan	PROPN
cblr-2930	152	33	schwartz	schwartz	PROPN
cblr-2930	152	34	,	,	PUNCT
cblr-2930	152	35	sales	sale	NOUN
cblr-2930	152	36	and	and	CCONJ
cblr-2930	152	37	elections	election	NOUN
cblr-2930	152	38	as	as	ADP
cblr-2930	152	39	methods	method	NOUN
cblr-2930	152	40	for	for	ADP
cblr-2930	152	41	transferring	transfer	VERB
cblr-2930	152	42	corporate	corporate	ADJ
cblr-2930	152	43	control	control	NOUN
cblr-2930	152	44	,	,	PUNCT
cblr-2930	152	45	2	2	NUM
cblr-2930	152	46	theorethcal	theorethcal	ADJ
cblr-2930	152	47	inquhres	inquhre	NOUN
cblr-2930	152	48	l.	l.	PROPN
cblr-2930	152	49	1	1	NUM
cblr-2930	152	50	(	(	PUNCT
cblr-2930	152	51	2001	2001	NUM
cblr-2930	152	52	)	)	PUNCT
cblr-2930	152	53	.	.	PUNCT
cblr-2930	153	1	for	for	ADP
cblr-2930	153	2	an	an	DET
cblr-2930	153	3	empirical	empirical	ADJ
cblr-2930	153	4	approach	approach	NOUN
cblr-2930	153	5	,	,	PUNCT
cblr-2930	153	6	see	see	VERB
cblr-2930	153	7	yair	yair	PROPN
cblr-2930	153	8	listokin	listokin	PROPN
cblr-2930	153	9	,	,	PUNCT
cblr-2930	153	10	corporate	corporate	ADJ
cblr-2930	153	11	voting	voting	NOUN
cblr-2930	153	12	vs.	vs.	ADP
cblr-2930	153	13	market	market	NOUN
cblr-2930	153	14	price	price	NOUN
cblr-2930	153	15	setting	setting	NOUN
cblr-2930	153	16	(	(	PUNCT
cblr-2930	153	17	yale	yale	PROPN
cblr-2930	153	18	law	law	PROPN
cblr-2930	153	19	sch	sch	PROPN
cblr-2930	153	20	.	.	PUNCT
cblr-2930	154	1	john	john	PROPN
cblr-2930	154	2	m.	m.	PROPN
cblr-2930	154	3	olin	olin	PROPN
cblr-2930	154	4	ctr	ctr	PROPN
cblr-2930	154	5	.	.	PUNCT
cblr-2930	155	1	for	for	ADP
cblr-2930	155	2	studies	study	NOUN
cblr-2930	155	3	in	in	ADP
cblr-2930	155	4	law	law	NOUN
cblr-2930	155	5	,	,	PUNCT
cblr-2930	155	6	econ	econ	PROPN
cblr-2930	155	7	.	.	PUNCT
cblr-2930	155	8	,	,	PUNCT
cblr-2930	155	9	and	and	CCONJ
cblr-2930	155	10	pub	pub	NOUN
cblr-2930	155	11	.	.	PUNCT
cblr-2930	156	1	policy	policy	NOUN
cblr-2930	156	2	,	,	PUNCT
cblr-2930	156	3	research	research	NOUN
cblr-2930	156	4	paper	paper	NOUN
cblr-2930	156	5	no	no	INTJ
cblr-2930	156	6	.	.	PROPN
cblr-2930	156	7	362	362	NUM
cblr-2930	156	8	,	,	PUNCT
cblr-2930	156	9	2008	2008	NUM
cblr-2930	156	10	)	)	PUNCT
cblr-2930	156	11	,	,	PUNCT
cblr-2930	156	12	available	available	ADJ
cblr-2930	156	13	at	at	ADP
cblr-2930	156	14	http//ssm.com	http//ssm.com	NOUN
cblr-2930	156	15	/	/	SYM
cblr-2930	156	16	abstract-1112671	abstract-1112671	NOUN
cblr-2930	156	17	.	.	PUNCT
cblr-2930	157	1	21	21	NUM
cblr-2930	157	2	niall	niall	NOUN
cblr-2930	157	3	ferguson	ferguson	PROPN
cblr-2930	157	4	,	,	PUNCT
cblr-2930	157	5	the	the	DET
cblr-2930	157	6	ascent	ascent	NOUN
cblr-2930	157	7	of	of	ADP
cblr-2930	157	8	money	money	NOUN
cblr-2930	157	9	:	:	PUNCT
cblr-2930	157	10	a	a	DET
cblr-2930	157	11	financial	financial	ADJ
cblr-2930	157	12	history	history	NOUN
cblr-2930	157	13	of	of	ADP
cblr-2930	157	14	the	the	DET
cblr-2930	157	15	world	world	NOUN
cblr-2930	157	16	120	120	NUM
cblr-2930	157	17	(	(	PUNCT
cblr-2930	157	18	2008	2008	NUM
cblr-2930	157	19	)	)	PUNCT
cblr-2930	157	20	.	.	PUNCT
cblr-2930	157	21	772	772	NUM
cblr-2930	158	1	[	[	X
cblr-2930	158	2	vol	vol	NOUN
cblr-2930	158	3	.	.	PUNCT
cblr-2930	158	4	2010	2010	NUM
cblr-2930	158	5	mechanisms	mechanism	NOUN
cblr-2930	158	6	of	of	ADP
cblr-2930	158	7	voting	vote	VERB
cblr-2930	158	8	efficiency	efficiency	NOUN
cblr-2930	158	9	explores	explore	VERB
cblr-2930	158	10	four	four	NUM
cblr-2930	158	11	key	key	ADJ
cblr-2930	158	12	mechanisms	mechanism	NOUN
cblr-2930	158	13	of	of	ADP
cblr-2930	158	14	voting	voting	NOUN
cblr-2930	158	15	efficiency	efficiency	NOUN
cblr-2930	158	16	,	,	PUNCT
cblr-2930	158	17	or	or	CCONJ
cblr-2930	158	18	elements	element	NOUN
cblr-2930	158	19	that	that	PRON
cblr-2930	158	20	lead	lead	VERB
cblr-2930	158	21	to	to	ADP
cblr-2930	158	22	-	-	PUNCT
cblr-2930	158	23	and	and	CCONJ
cblr-2930	158	24	limit	limit	NOUN
cblr-2930	158	25	-	-	PUNCT
cblr-2930	158	26	voting	voting	NOUN
cblr-2930	158	27	efficiency.22	efficiency.22	NOUN
cblr-2930	158	28	the	the	DET
cblr-2930	158	29	first	first	ADJ
cblr-2930	158	30	is	be	AUX
cblr-2930	158	31	informed	inform	VERB
cblr-2930	158	32	voting	voting	NOUN
cblr-2930	158	33	:	:	PUNCT
cblr-2930	158	34	shareholders	shareholder	NOUN
cblr-2930	158	35	need	need	VERB
cblr-2930	158	36	to	to	PART
cblr-2930	158	37	have	have	VERB
cblr-2930	158	38	at	at	ADP
cblr-2930	158	39	least	least	ADJ
cblr-2930	158	40	some	some	PRON
cblr-2930	158	41	information	information	NOUN
cblr-2930	158	42	to	to	PART
cblr-2930	158	43	ensure	ensure	VERB
cblr-2930	158	44	that	that	SCONJ
cblr-2930	158	45	they	they	PRON
cblr-2930	158	46	are	be	AUX
cblr-2930	158	47	more	more	ADV
cblr-2930	158	48	likely	likely	ADJ
cblr-2930	158	49	to	to	PART
cblr-2930	158	50	be	be	AUX
cblr-2930	158	51	right	right	ADJ
cblr-2930	158	52	than	than	ADP
cblr-2930	158	53	wrong	wrong	ADJ
cblr-2930	158	54	.	.	PUNCT
cblr-2930	159	1	whereas	whereas	SCONJ
cblr-2930	159	2	prior	prior	ADJ
cblr-2930	159	3	research	research	NOUN
cblr-2930	159	4	has	have	AUX
cblr-2930	159	5	focused	focus	VERB
cblr-2930	159	6	almost	almost	ADV
cblr-2930	159	7	exclusively	exclusively	ADV
cblr-2930	159	8	on	on	ADP
cblr-2930	159	9	this	this	DET
cblr-2930	159	10	mechanism	mechanism	NOUN
cblr-2930	159	11	,	,	PUNCT
cblr-2930	159	12	it	it	PRON
cblr-2930	159	13	merely	merely	ADV
cblr-2930	159	14	forms	form	VERB
cblr-2930	159	15	the	the	DET
cblr-2930	159	16	starting	starting	NOUN
cblr-2930	159	17	point	point	NOUN
cblr-2930	159	18	of	of	ADP
cblr-2930	159	19	our	our	PRON
cblr-2930	159	20	inquiry	inquiry	NOUN
cblr-2930	159	21	.	.	PUNCT
cblr-2930	160	1	the	the	DET
cblr-2930	160	2	second	second	ADJ
cblr-2930	160	3	is	be	AUX
cblr-2930	160	4	rational	rational	ADJ
cblr-2930	160	5	voting	voting	NOUN
cblr-2930	160	6	:	:	PUNCT
cblr-2930	160	7	the	the	DET
cblr-2930	160	8	possession	possession	NOUN
cblr-2930	160	9	of	of	ADP
cblr-2930	160	10	information	information	NOUN
cblr-2930	160	11	will	will	AUX
cblr-2930	160	12	only	only	ADV
cblr-2930	160	13	increase	increase	VERB
cblr-2930	160	14	the	the	DET
cblr-2930	160	15	probability	probability	NOUN
cblr-2930	160	16	that	that	SCONJ
cblr-2930	160	17	shareholders	shareholder	NOUN
cblr-2930	160	18	vote	vote	NOUN
cblr-2930	160	19	for	for	ADP
cblr-2930	160	20	the	the	DET
cblr-2930	160	21	correct	correct	ADJ
cblr-2930	160	22	option	option	NOUN
cblr-2930	160	23	if	if	SCONJ
cblr-2930	160	24	they	they	PRON
cblr-2930	160	25	process	process	VERB
cblr-2930	160	26	such	such	ADJ
cblr-2930	160	27	information	information	NOUN
cblr-2930	160	28	rationally	rationally	ADV
cblr-2930	160	29	.	.	PUNCT
cblr-2930	161	1	as	as	SCONJ
cblr-2930	161	2	we	we	PRON
cblr-2930	161	3	will	will	AUX
cblr-2930	161	4	see	see	VERB
cblr-2930	161	5	,	,	PUNCT
cblr-2930	161	6	some	some	PRON
cblr-2930	161	7	of	of	ADP
cblr-2930	161	8	the	the	DET
cblr-2930	161	9	cognitive	cognitive	ADJ
cblr-2930	161	10	biases	bias	NOUN
cblr-2930	161	11	that	that	PRON
cblr-2930	161	12	have	have	AUX
cblr-2930	161	13	been	be	AUX
cblr-2930	161	14	found	find	VERB
cblr-2930	161	15	to	to	PART
cblr-2930	161	16	affect	affect	VERB
cblr-2930	161	17	shareholders	shareholder	NOUN
cblr-2930	161	18	'	'	PART
cblr-2930	161	19	investment	investment	NOUN
cblr-2930	161	20	decisions	decision	NOUN
cblr-2930	161	21	may	may	AUX
cblr-2930	161	22	equally	equally	ADV
cblr-2930	161	23	affect	affect	VERB
cblr-2930	161	24	their	their	PRON
cblr-2930	161	25	voting	voting	NOUN
cblr-2930	161	26	decisions	decision	NOUN
cblr-2930	161	27	.	.	PUNCT
cblr-2930	162	1	the	the	DET
cblr-2930	162	2	third	third	NOUN
cblr-2930	162	3	is	be	AUX
cblr-2930	162	4	independent	independent	ADJ
cblr-2930	162	5	voting	voting	NOUN
cblr-2930	162	6	:	:	PUNCT
cblr-2930	162	7	to	to	PART
cblr-2930	162	8	come	come	VERB
cblr-2930	162	9	to	to	ADP
cblr-2930	162	10	a	a	DET
cblr-2930	162	11	collective	collective	ADJ
cblr-2930	162	12	judgment	judgment	NOUN
cblr-2930	162	13	that	that	PRON
cblr-2930	162	14	is	be	AUX
cblr-2930	162	15	more	more	ADV
cblr-2930	162	16	accurate	accurate	ADJ
cblr-2930	162	17	than	than	ADP
cblr-2930	162	18	the	the	DET
cblr-2930	162	19	average	average	ADJ
cblr-2930	162	20	individual	individual	ADJ
cblr-2930	162	21	judgment	judgment	NOUN
cblr-2930	162	22	,	,	PUNCT
cblr-2930	162	23	each	each	DET
cblr-2930	162	24	shareholder	shareholder	NOUN
cblr-2930	162	25	needs	need	VERB
cblr-2930	162	26	to	to	PART
cblr-2930	162	27	independently	independently	ADV
cblr-2930	162	28	arrive	arrive	VERB
cblr-2930	162	29	at	at	ADP
cblr-2930	162	30	a	a	DET
cblr-2930	162	31	judgment	judgment	NOUN
cblr-2930	162	32	on	on	ADP
cblr-2930	162	33	which	which	DET
cblr-2930	162	34	option	option	NOUN
cblr-2930	162	35	maximizes	maximize	VERB
cblr-2930	162	36	shareholder	shareholder	NOUN
cblr-2930	162	37	value	value	NOUN
cblr-2930	162	38	by	by	ADP
cblr-2930	162	39	making	make	VERB
cblr-2930	162	40	use	use	NOUN
cblr-2930	162	41	of	of	ADP
cblr-2930	162	42	his	his	PRON
cblr-2930	162	43	or	or	CCONJ
cblr-2930	162	44	her	her	PRON
cblr-2930	162	45	personal	personal	ADJ
cblr-2930	162	46	cognitive	cognitive	ADJ
cblr-2930	162	47	skills	skill	NOUN
cblr-2930	162	48	.	.	PUNCT
cblr-2930	163	1	the	the	DET
cblr-2930	163	2	fourth	fourth	ADJ
cblr-2930	163	3	is	be	AUX
cblr-2930	163	4	sincere	sincere	ADJ
cblr-2930	163	5	voting	voting	NOUN
cblr-2930	163	6	:	:	PUNCT
cblr-2930	163	7	shareholders	shareholder	NOUN
cblr-2930	163	8	need	need	VERB
cblr-2930	163	9	to	to	PART
cblr-2930	163	10	vote	vote	VERB
cblr-2930	163	11	in	in	ADP
cblr-2930	163	12	accordance	accordance	NOUN
cblr-2930	163	13	with	with	ADP
cblr-2930	163	14	that	that	DET
cblr-2930	163	15	judgment	judgment	NOUN
cblr-2930	163	16	.	.	PUNCT
cblr-2930	164	1	when	when	SCONJ
cblr-2930	164	2	shareholders	shareholder	NOUN
cblr-2930	164	3	have	have	VERB
cblr-2930	164	4	heterogeneous	heterogeneous	ADJ
cblr-2930	164	5	preferences	preference	NOUN
cblr-2930	164	6	and	and	CCONJ
cblr-2930	164	7	some	some	DET
cblr-2930	164	8	vote	vote	NOUN
cblr-2930	164	9	with	with	ADP
cblr-2930	164	10	a	a	DET
cblr-2930	164	11	view	view	NOUN
cblr-2930	164	12	to	to	ADP
cblr-2930	164	13	maximizing	maximize	VERB
cblr-2930	164	14	their	their	PRON
cblr-2930	164	15	private	private	ADJ
cblr-2930	164	16	interests	interest	NOUN
cblr-2930	164	17	rather	rather	ADV
cblr-2930	164	18	than	than	ADP
cblr-2930	164	19	their	their	PRON
cblr-2930	164	20	pro	pro	ADJ
cblr-2930	164	21	-	-	ADJ
cblr-2930	164	22	rata	rata	ADJ
cblr-2930	164	23	share	share	NOUN
cblr-2930	164	24	of	of	ADP
cblr-2930	164	25	the	the	DET
cblr-2930	164	26	firm	firm	NOUN
cblr-2930	164	27	's	's	PART
cblr-2930	164	28	future	future	ADJ
cblr-2930	164	29	cash	cash	NOUN
cblr-2930	164	30	flows	flow	NOUN
cblr-2930	164	31	,	,	PUNCT
cblr-2930	164	32	the	the	DET
cblr-2930	164	33	probability	probability	NOUN
cblr-2930	164	34	that	that	SCONJ
cblr-2930	164	35	a	a	DET
cblr-2930	164	36	majority	majority	NOUN
cblr-2930	164	37	of	of	ADP
cblr-2930	164	38	the	the	DET
cblr-2930	164	39	shares	share	NOUN
cblr-2930	164	40	is	be	AUX
cblr-2930	164	41	voted	vote	VERB
cblr-2930	164	42	for	for	SCONJ
cblr-2930	164	43	the	the	DET
cblr-2930	164	44	correct	correct	ADJ
cblr-2930	164	45	option	option	NOUN
cblr-2930	164	46	decreases	decrease	VERB
cblr-2930	164	47	dramatically	dramatically	ADV
cblr-2930	164	48	.	.	PUNCT
cblr-2930	165	1	even	even	ADV
cblr-2930	165	2	if	if	SCONJ
cblr-2930	165	3	the	the	DET
cblr-2930	165	4	initial	initial	ADJ
cblr-2930	165	5	distribution	distribution	NOUN
cblr-2930	165	6	of	of	ADP
cblr-2930	165	7	information	information	NOUN
cblr-2930	165	8	,	,	PUNCT
cblr-2930	165	9	skills	skill	NOUN
cblr-2930	165	10	and	and	CCONJ
cblr-2930	165	11	preferences	preference	NOUN
cblr-2930	165	12	among	among	ADP
cblr-2930	165	13	shareholders	shareholder	NOUN
cblr-2930	165	14	is	be	AUX
cblr-2930	165	15	such	such	ADJ
cblr-2930	165	16	that	that	SCONJ
cblr-2930	165	17	a	a	DET
cblr-2930	165	18	majority	majority	NOUN
cblr-2930	165	19	of	of	ADP
cblr-2930	165	20	the	the	DET
cblr-2930	165	21	shares	share	NOUN
cblr-2930	165	22	risks	risk	NOUN
cblr-2930	165	23	being	be	AUX
cblr-2930	165	24	voted	vote	VERB
cblr-2930	165	25	in	in	ADP
cblr-2930	165	26	favor	favor	NOUN
cblr-2930	165	27	of	of	ADP
cblr-2930	165	28	the	the	DET
cblr-2930	165	29	incorrect	incorrect	ADJ
cblr-2930	165	30	option	option	NOUN
cblr-2930	165	31	,	,	PUNCT
cblr-2930	165	32	arbitrage	arbitrage	NOUN
cblr-2930	165	33	can	can	AUX
cblr-2930	165	34	reallocate	reallocate	VERB
cblr-2930	165	35	voting	voting	NOUN
cblr-2930	165	36	power	power	NOUN
cblr-2930	165	37	in	in	ADP
cblr-2930	165	38	the	the	DET
cblr-2930	165	39	hands	hand	NOUN
cblr-2930	165	40	of	of	ADP
cblr-2930	165	41	shareholders	shareholder	NOUN
cblr-2930	165	42	with	with	ADP
cblr-2930	165	43	superior	superior	ADJ
cblr-2930	165	44	information	information	NOUN
cblr-2930	165	45	and	and	CCONJ
cblr-2930	165	46	skills	skill	NOUN
cblr-2930	165	47	and	and	CCONJ
cblr-2930	165	48	with	with	ADP
cblr-2930	165	49	appropriate	appropriate	ADJ
cblr-2930	165	50	incentives	incentive	NOUN
cblr-2930	165	51	,	,	PUNCT
cblr-2930	165	52	thereby	thereby	ADV
cblr-2930	165	53	increasing	increase	VERB
cblr-2930	165	54	the	the	DET
cblr-2930	165	55	probability	probability	NOUN
cblr-2930	165	56	that	that	SCONJ
cblr-2930	165	57	a	a	DET
cblr-2930	165	58	majority	majority	NOUN
cblr-2930	165	59	of	of	ADP
cblr-2930	165	60	the	the	DET
cblr-2930	165	61	shares	share	NOUN
cblr-2930	165	62	will	will	AUX
cblr-2930	165	63	be	be	AUX
cblr-2930	165	64	voted	vote	VERB
cblr-2930	165	65	in	in	ADP
cblr-2930	165	66	favor	favor	NOUN
cblr-2930	165	67	of	of	ADP
cblr-2930	165	68	the	the	DET
cblr-2930	165	69	correct	correct	ADJ
cblr-2930	165	70	option	option	NOUN
cblr-2930	165	71	.	.	PUNCT
cblr-2930	166	1	part	part	NOUN
cblr-2930	166	2	iii	iii	PROPN
cblr-2930	166	3	identifies	identify	VERB
cblr-2930	166	4	three	three	NUM
cblr-2930	166	5	arbitrage	arbitrage	NOUN
cblr-2930	166	6	strategies	strategy	NOUN
cblr-2930	166	7	:	:	PUNCT
cblr-2930	166	8	(	(	PUNCT
cblr-2930	166	9	1	1	X
cblr-2930	166	10	)	)	PUNCT
cblr-2930	166	11	share	share	NOUN
cblr-2930	166	12	trading	trading	NOUN
cblr-2930	166	13	,	,	PUNCT
cblr-2930	166	14	(	(	PUNCT
cblr-2930	166	15	2	2	X
cblr-2930	166	16	)	)	PUNCT
cblr-2930	166	17	proxy	proxy	ADJ
cblr-2930	166	18	solicitation	solicitation	NOUN
cblr-2930	166	19	,	,	PUNCT
cblr-2930	166	20	and	and	CCONJ
cblr-2930	166	21	(	(	PUNCT
cblr-2930	166	22	3	3	X
cblr-2930	166	23	)	)	PUNCT
cblr-2930	166	24	vote	vote	NOUN
cblr-2930	166	25	buying	buying	NOUN
cblr-2930	166	26	,	,	PUNCT
cblr-2930	166	27	and	and	CCONJ
cblr-2930	166	28	analyzes	analyze	VERB
cblr-2930	166	29	cost	cost	NOUN
cblr-2930	166	30	constraints	constraint	NOUN
cblr-2930	166	31	and	and	CCONJ
cblr-2930	166	32	legal	legal	ADJ
cblr-2930	166	33	constraints	constraint	NOUN
cblr-2930	166	34	to	to	ADP
cblr-2930	166	35	these	these	DET
cblr-2930	166	36	strategies	strategy	NOUN
cblr-2930	166	37	.	.	PUNCT
cblr-2930	167	1	the	the	DET
cblr-2930	167	2	analysis	analysis	NOUN
cblr-2930	167	3	suggests	suggest	VERB
cblr-2930	167	4	that	that	SCONJ
cblr-2930	167	5	limits	limit	NOUN
cblr-2930	167	6	of	of	ADP
cblr-2930	167	7	voting	vote	VERB
cblr-2930	167	8	22	22	NUM
cblr-2930	167	9	see	see	NOUN
cblr-2930	167	10	gilson	gilson	PROPN
cblr-2930	167	11	&	&	CCONJ
cblr-2930	167	12	kraakman	kraakman	PROPN
cblr-2930	167	13	,	,	PUNCT
cblr-2930	167	14	supra	supra	PROPN
cblr-2930	167	15	note	note	NOUN
cblr-2930	167	16	6	6	NUM
cblr-2930	167	17	,	,	PUNCT
cblr-2930	167	18	at	at	ADP
cblr-2930	167	19	553	553	NUM
cblr-2930	167	20	(	(	PUNCT
cblr-2930	167	21	proposing	propose	VERB
cblr-2930	167	22	"	"	PUNCT
cblr-2930	167	23	a	a	DET
cblr-2930	167	24	general	general	ADJ
cblr-2930	167	25	explanation	explanation	NOUN
cblr-2930	167	26	for	for	ADP
cblr-2930	167	27	the	the	DET
cblr-2930	167	28	elements	element	NOUN
cblr-2930	167	29	that	that	PRON
cblr-2930	167	30	lead	lead	VERB
cblr-2930	167	31	to	to	ADP
cblr-2930	167	32	-	-	PUNCT
cblr-2930	167	33	and	and	CCONJ
cblr-2930	167	34	limit	limit	NOUN
cblr-2930	167	35	-	-	PUNCT
cblr-2930	167	36	market	market	NOUN
cblr-2930	167	37	efficiency	efficiency	NOUN
cblr-2930	167	38	"	"	PUNCT
cblr-2930	167	39	)	)	PUNCT
cblr-2930	167	40	.	.	PUNCT
cblr-2930	168	1	no	no	INTJ
cblr-2930	168	2	.	.	PUNCT
cblr-2930	169	1	3:763	3:763	NUM
cblr-2930	169	2	]	]	PUNCT
cblr-2930	169	3	773	773	NUM
cblr-2930	169	4	arbitrage	arbitrage	NOUN
cblr-2930	169	5	are	be	AUX
cblr-2930	169	6	significant	significant	ADJ
cblr-2930	169	7	and	and	CCONJ
cblr-2930	169	8	affect	affect	VERB
cblr-2930	169	9	voting	vote	VERB
cblr-2930	169	10	efficiency	efficiency	NOUN
cblr-2930	169	11	much	much	ADV
cblr-2930	169	12	in	in	ADP
cblr-2930	169	13	the	the	DET
cblr-2930	169	14	same	same	ADJ
cblr-2930	169	15	way	way	NOUN
cblr-2930	169	16	as	as	SCONJ
cblr-2930	169	17	limits	limit	NOUN
cblr-2930	169	18	of	of	ADP
cblr-2930	169	19	securities	security	NOUN
cblr-2930	169	20	arbitrage	arbitrage	NOUN
cblr-2930	169	21	affect	affect	VERB
cblr-2930	169	22	market	market	NOUN
cblr-2930	169	23	efficiency	efficiency	NOUN
cblr-2930	169	24	.	.	PUNCT
cblr-2930	170	1	finally	finally	ADV
cblr-2930	170	2	,	,	PUNCT
cblr-2930	170	3	part	part	NOUN
cblr-2930	170	4	iv	iv	NUM
cblr-2930	170	5	applies	apply	VERB
cblr-2930	170	6	the	the	DET
cblr-2930	170	7	insights	insight	NOUN
cblr-2930	170	8	from	from	ADP
cblr-2930	170	9	the	the	DET
cblr-2930	170	10	article	article	NOUN
cblr-2930	170	11	to	to	ADP
cblr-2930	170	12	two	two	NUM
cblr-2930	170	13	issues	issue	NOUN
cblr-2930	170	14	that	that	PRON
cblr-2930	170	15	are	be	AUX
cblr-2930	170	16	currently	currently	ADV
cblr-2930	170	17	being	be	AUX
cblr-2930	170	18	studied	study	VERB
cblr-2930	170	19	by	by	ADP
cblr-2930	170	20	the	the	DET
cblr-2930	170	21	u.s	u.s	PROPN
cblr-2930	170	22	.	.	PROPN
cblr-2930	170	23	securities	securities	PROPN
cblr-2930	170	24	exchange	exchange	PROPN
cblr-2930	170	25	commission	commission	PROPN
cblr-2930	170	26	(	(	PUNCT
cblr-2930	170	27	s.e.c	s.e.c	NOUN
cblr-2930	170	28	.	.	PUNCT
cblr-2930	170	29	)	)	PUNCT
cblr-2930	171	1	and	and	CCONJ
cblr-2930	171	2	policymakers	policymaker	NOUN
cblr-2930	171	3	around	around	ADP
cblr-2930	171	4	the	the	DET
cblr-2930	171	5	world	world	NOUN
cblr-2930	171	6	:	:	PUNCT
cblr-2930	171	7	voting	vote	VERB
cblr-2930	171	8	without	without	ADP
cblr-2930	171	9	a	a	DET
cblr-2930	171	10	corresponding	corresponding	ADJ
cblr-2930	171	11	economic	economic	ADJ
cblr-2930	171	12	interest	interest	NOUN
cblr-2930	171	13	(	(	PUNCT
cblr-2930	171	14	'	'	PUNCT
cblr-2930	171	15	empty	empty	ADJ
cblr-2930	171	16	voting	voting	NOUN
cblr-2930	171	17	'	'	PUNCT
cblr-2930	171	18	)	)	PUNCT
cblr-2930	171	19	,	,	PUNCT
cblr-2930	171	20	and	and	CCONJ
cblr-2930	171	21	the	the	DET
cblr-2930	171	22	major	major	ADJ
cblr-2930	171	23	influence	influence	NOUN
cblr-2930	171	24	of	of	ADP
cblr-2930	171	25	proxy	proxy	ADJ
cblr-2930	171	26	advisers	adviser	NOUN
cblr-2930	171	27	such	such	ADJ
cblr-2930	171	28	as	as	ADP
cblr-2930	171	29	riskmetrics	riskmetric	NOUN
cblr-2930	171	30	,	,	PUNCT
cblr-2930	171	31	which	which	PRON
cblr-2930	171	32	recently	recently	ADV
cblr-2930	171	33	acquired	acquire	VERB
cblr-2930	171	34	institutional	institutional	ADJ
cblr-2930	171	35	shareholder	shareholder	NOUN
cblr-2930	171	36	services	service	NOUN
cblr-2930	171	37	(	(	PUNCT
cblr-2930	171	38	iss	iss	PROPN
cblr-2930	171	39	)	)	PUNCT
cblr-2930	171	40	.	.	PUNCT
cblr-2930	172	1	costs	cost	NOUN
cblr-2930	172	2	and	and	CCONJ
cblr-2930	172	3	benefits	benefit	NOUN
cblr-2930	172	4	are	be	AUX
cblr-2930	172	5	brought	bring	VERB
cblr-2930	172	6	into	into	ADP
cblr-2930	172	7	sharper	sharp	ADJ
cblr-2930	172	8	focus	focus	NOUN
cblr-2930	172	9	by	by	ADP
cblr-2930	172	10	showing	show	VERB
cblr-2930	172	11	that	that	SCONJ
cblr-2930	172	12	each	each	DET
cblr-2930	172	13	issue	issue	NOUN
cblr-2930	172	14	involves	involve	VERB
cblr-2930	172	15	a	a	DET
cblr-2930	172	16	trade	trade	NOUN
cblr-2930	172	17	-	-	PUNCT
cblr-2930	172	18	off	off	NOUN
cblr-2930	172	19	between	between	ADP
cblr-2930	172	20	the	the	DET
cblr-2930	172	21	various	various	ADJ
cblr-2930	172	22	mechanisms	mechanism	NOUN
cblr-2930	172	23	of	of	ADP
cblr-2930	172	24	voting	voting	NOUN
cblr-2930	172	25	efficiency	efficiency	NOUN
cblr-2930	172	26	.	.	PUNCT
cblr-2930	173	1	several	several	ADJ
cblr-2930	173	2	options	option	NOUN
cblr-2930	173	3	are	be	AUX
cblr-2930	173	4	then	then	ADV
cblr-2930	173	5	presented	present	VERB
cblr-2930	173	6	to	to	PART
cblr-2930	173	7	mitigate	mitigate	VERB
cblr-2930	173	8	the	the	DET
cblr-2930	173	9	costs	cost	NOUN
cblr-2930	173	10	while	while	SCONJ
cblr-2930	173	11	fostering	foster	VERB
cblr-2930	173	12	the	the	DET
cblr-2930	173	13	benefits	benefit	NOUN
cblr-2930	173	14	.	.	PUNCT
cblr-2930	174	1	the	the	DET
cblr-2930	174	2	article	article	NOUN
cblr-2930	174	3	concludes	conclude	VERB
cblr-2930	174	4	by	by	ADP
cblr-2930	174	5	summarizing	summarize	VERB
cblr-2930	174	6	policy	policy	NOUN
cblr-2930	174	7	implications	implication	NOUN
cblr-2930	174	8	and	and	CCONJ
cblr-2930	174	9	formulating	formulate	VERB
cblr-2930	174	10	hypotheses	hypothesis	NOUN
cblr-2930	174	11	that	that	PRON
cblr-2930	174	12	can	can	AUX
cblr-2930	174	13	be	be	AUX
cblr-2930	174	14	tested	test	VERB
cblr-2930	174	15	in	in	ADP
cblr-2930	174	16	future	future	ADJ
cblr-2930	174	17	empirical	empirical	ADJ
cblr-2930	174	18	research	research	NOUN
cblr-2930	174	19	.	.	PUNCT
cblr-2930	175	1	i.	i.	NOUN
cblr-2930	175	2	defining	define	VERB
cblr-2930	175	3	efficiency	efficiency	NOUN
cblr-2930	175	4	before	before	ADP
cblr-2930	175	5	studying	study	VERB
cblr-2930	175	6	the	the	DET
cblr-2930	175	7	mechanisms	mechanism	NOUN
cblr-2930	175	8	leading	lead	VERB
cblr-2930	175	9	to	to	ADP
cblr-2930	175	10	voting	vote	VERB
cblr-2930	175	11	efficiency	efficiency	NOUN
cblr-2930	175	12	,	,	PUNCT
cblr-2930	175	13	we	we	PRON
cblr-2930	175	14	need	need	VERB
cblr-2930	175	15	to	to	PART
cblr-2930	175	16	address	address	VERB
cblr-2930	175	17	a	a	DET
cblr-2930	175	18	preliminary	preliminary	ADJ
cblr-2930	175	19	question	question	NOUN
cblr-2930	175	20	:	:	PUNCT
cblr-2930	175	21	when	when	SCONJ
cblr-2930	175	22	should	should	AUX
cblr-2930	175	23	corporate	corporate	ADJ
cblr-2930	175	24	voting	voting	NOUN
cblr-2930	175	25	be	be	AUX
cblr-2930	175	26	deemed	deem	VERB
cblr-2930	175	27	"	"	PUNCT
cblr-2930	175	28	efficient	efficient	ADJ
cblr-2930	175	29	"	"	PUNCT
cblr-2930	175	30	?	?	PUNCT
cblr-2930	176	1	this	this	DET
cblr-2930	176	2	part	part	NOUN
cblr-2930	176	3	will	will	AUX
cblr-2930	176	4	argue	argue	VERB
cblr-2930	176	5	that	that	SCONJ
cblr-2930	176	6	for	for	ADP
cblr-2930	176	7	present	present	ADJ
cblr-2930	176	8	purposes	purpose	NOUN
cblr-2930	176	9	,	,	PUNCT
cblr-2930	176	10	corporate	corporate	ADJ
cblr-2930	176	11	voting	voting	NOUN
cblr-2930	176	12	may	may	AUX
cblr-2930	176	13	be	be	AUX
cblr-2930	176	14	deemed	deem	VERB
cblr-2930	176	15	efficient	efficient	ADJ
cblr-2930	176	16	when	when	SCONJ
cblr-2930	176	17	a	a	DET
cblr-2930	176	18	majority	majority	NOUN
cblr-2930	176	19	of	of	ADP
cblr-2930	176	20	the	the	DET
cblr-2930	176	21	shares	share	NOUN
cblr-2930	176	22	is	be	AUX
cblr-2930	176	23	voted	vote	VERB
cblr-2930	176	24	in	in	ADP
cblr-2930	176	25	favor	favor	NOUN
cblr-2930	176	26	of	of	ADP
cblr-2930	176	27	the	the	DET
cblr-2930	176	28	option	option	NOUN
cblr-2930	176	29	that	that	PRON
cblr-2930	176	30	maximizes	maximize	VERB
cblr-2930	176	31	shareholder	shareholder	NOUN
cblr-2930	176	32	value	value	NOUN
cblr-2930	176	33	.	.	PUNCT
cblr-2930	177	1	at	at	ADP
cblr-2930	177	2	the	the	DET
cblr-2930	177	3	broadest	broad	ADJ
cblr-2930	177	4	level	level	NOUN
cblr-2930	177	5	,	,	PUNCT
cblr-2930	177	6	the	the	DET
cblr-2930	177	7	appropriate	appropriate	ADJ
cblr-2930	177	8	goal	goal	NOUN
cblr-2930	177	9	of	of	ADP
cblr-2930	177	10	corporate	corporate	ADJ
cblr-2930	177	11	law	law	NOUN
cblr-2930	177	12	is	be	AUX
cblr-2930	177	13	to	to	PART
cblr-2930	177	14	advance	advance	VERB
cblr-2930	177	15	the	the	DET
cblr-2930	177	16	general	general	ADJ
cblr-2930	177	17	welfare	welfare	NOUN
cblr-2930	177	18	of	of	ADP
cblr-2930	177	19	all	all	PRON
cblr-2930	177	20	who	who	PRON
cblr-2930	177	21	are	be	AUX
cblr-2930	177	22	affected	affect	VERB
cblr-2930	177	23	by	by	ADP
cblr-2930	177	24	a	a	DET
cblr-2930	177	25	firm	firm	NOUN
cblr-2930	177	26	's	's	PART
cblr-2930	177	27	activities	activity	NOUN
cblr-2930	177	28	,	,	PUNCT
cblr-2930	177	29	including	include	VERB
cblr-2930	177	30	shareholders	shareholder	NOUN
cblr-2930	177	31	,	,	PUNCT
cblr-2930	177	32	employees	employee	NOUN
cblr-2930	177	33	,	,	PUNCT
cblr-2930	177	34	suppliers	supplier	NOUN
cblr-2930	177	35	,	,	PUNCT
cblr-2930	177	36	and	and	CCONJ
cblr-2930	177	37	customers.2	customers.2	NOUN
cblr-2930	177	38	3	3	NUM
cblr-2930	177	39	in	in	ADP
cblr-2930	177	40	principle	principle	NOUN
cblr-2930	177	41	,	,	PUNCT
cblr-2930	177	42	the	the	DET
cblr-2930	177	43	efficiency	efficiency	NOUN
cblr-2930	177	44	of	of	ADP
cblr-2930	177	45	shareholder	shareholder	NOUN
cblr-2930	177	46	voting	voting	NOUN
cblr-2930	177	47	should	should	AUX
cblr-2930	177	48	therefore	therefore	ADV
cblr-2930	177	49	be	be	AUX
cblr-2930	177	50	measured	measure	VERB
cblr-2930	177	51	in	in	ADP
cblr-2930	177	52	terms	term	NOUN
cblr-2930	177	53	of	of	ADP
cblr-2930	177	54	general	general	ADJ
cblr-2930	177	55	welfare	welfare	NOUN
cblr-2930	177	56	.	.	PUNCT
cblr-2930	178	1	in	in	ADP
cblr-2930	178	2	practice	practice	NOUN
cblr-2930	178	3	,	,	PUNCT
cblr-2930	178	4	though	though	ADV
cblr-2930	178	5	,	,	PUNCT
cblr-2930	178	6	shareholders	shareholder	NOUN
cblr-2930	178	7	vote	vote	VERB
cblr-2930	178	8	with	with	ADP
cblr-2930	178	9	a	a	DET
cblr-2930	178	10	view	view	NOUN
cblr-2930	178	11	to	to	ADP
cblr-2930	178	12	maximizing	maximize	VERB
cblr-2930	178	13	shareholder	shareholder	NOUN
cblr-2930	178	14	value	value	NOUN
cblr-2930	178	15	,	,	PUNCT
cblr-2930	178	16	not	not	PART
cblr-2930	178	17	general	general	ADJ
cblr-2930	178	18	welfare	welfare	NOUN
cblr-2930	178	19	.	.	PUNCT
cblr-2930	179	1	remarkably	remarkably	ADV
cblr-2930	179	2	,	,	PUNCT
cblr-2930	179	3	scholars	scholar	NOUN
cblr-2930	179	4	whose	whose	DET
cblr-2930	179	5	view	view	NOUN
cblr-2930	179	6	of	of	ADP
cblr-2930	179	7	corporate	corporate	ADJ
cblr-2930	179	8	voting	voting	NOUN
cblr-2930	179	9	turns	turn	VERB
cblr-2930	179	10	23	23	NUM
cblr-2930	179	11	john	john	PROPN
cblr-2930	179	12	armour	armour	NOUN
cblr-2930	179	13	,	,	PUNCT
cblr-2930	179	14	henry	henry	PROPN
cblr-2930	179	15	hansmann	hansmann	PROPN
cblr-2930	179	16	&	&	CCONJ
cblr-2930	179	17	reinier	reinier	PROPN
cblr-2930	179	18	kraakman	kraakman	PROPN
cblr-2930	179	19	,	,	PUNCT
cblr-2930	179	20	what	what	PRON
cblr-2930	179	21	is	be	AUX
cblr-2930	179	22	corporate	corporate	ADJ
cblr-2930	179	23	law	law	NOUN
cblr-2930	179	24	,	,	PUNCT
cblr-2930	179	25	in	in	ADP
cblr-2930	179	26	the	the	DET
cblr-2930	179	27	anatomy	anatomy	NOUN
cblr-2930	179	28	of	of	ADP
cblr-2930	179	29	corporate	corporate	ADJ
cblr-2930	179	30	law	law	NOUN
cblr-2930	179	31	:	:	PUNCT
cblr-2930	179	32	a	a	DET
cblr-2930	179	33	comparative	comparative	ADJ
cblr-2930	179	34	and	and	CCONJ
cblr-2930	179	35	functional	functional	ADJ
cblr-2930	179	36	approach	approach	NOUN
cblr-2930	179	37	28	28	NUM
cblr-2930	179	38	(	(	PUNCT
cblr-2930	179	39	reiner	reiner	PROPN
cblr-2930	179	40	kraakman	kraakman	PROPN
cblr-2930	179	41	et	et	PROPN
cblr-2930	179	42	al	al	PROPN
cblr-2930	179	43	.	.	PUNCT
cblr-2930	180	1	eds	eds	PROPN
cblr-2930	180	2	.	.	PROPN
cblr-2930	180	3	,	,	PUNCT
cblr-2930	180	4	2009	2009	NUM
cblr-2930	180	5	)	)	PUNCT
cblr-2930	180	6	(	(	PUNCT
cblr-2930	180	7	noting	note	VERB
cblr-2930	180	8	also	also	ADV
cblr-2930	180	9	that	that	SCONJ
cblr-2930	180	10	the	the	DET
cblr-2930	180	11	advancement	advancement	NOUN
cblr-2930	180	12	of	of	ADP
cblr-2930	180	13	the	the	DET
cblr-2930	180	14	general	general	ADJ
cblr-2930	180	15	welfare	welfare	NOUN
cblr-2930	180	16	should	should	AUX
cblr-2930	180	17	be	be	AUX
cblr-2930	180	18	understood	understand	VERB
cblr-2930	180	19	as	as	ADP
cblr-2930	180	20	the	the	DET
cblr-2930	180	21	pursuit	pursuit	NOUN
cblr-2930	180	22	of	of	ADP
cblr-2930	180	23	kaldor	kaldor	PROPN
cblr-2930	180	24	-	-	PUNCT
cblr-2930	180	25	hicks	hicks	PROPN
cblr-2930	180	26	efficiency	efficiency	NOUN
cblr-2930	180	27	)	)	PUNCT
cblr-2930	180	28	.	.	PUNCT
cblr-2930	181	1	[	[	X
cblr-2930	181	2	vol	vol	NOUN
cblr-2930	181	3	.	.	PROPN
cblr-2930	181	4	20	20	NUM
cblr-2930	181	5	10774	10774	NUM
cblr-2930	181	6	col	col	PROPN
cblr-2930	181	7	umbia	umbia	PROPN
cblr-2930	181	8	b	b	PROPN
cblr-2930	181	9	usiness	usiness	PROPN
cblr-2930	181	10	la	la	PROPN
cblr-2930	181	11	w	w	PROPN
cblr-2930	181	12	re	re	PROPN
cblr-2930	181	13	vie	vie	PROPN
cblr-2930	181	14	w	w	PROPN
cblr-2930	181	15	on	on	ADP
cblr-2930	181	16	information	information	NOUN
cblr-2930	181	17	aggregation	aggregation	NOUN
cblr-2930	181	18	do	do	AUX
cblr-2930	181	19	not	not	PART
cblr-2930	181	20	seem	seem	VERB
cblr-2930	181	21	to	to	PART
cblr-2930	181	22	view	view	VERB
cblr-2930	181	23	this	this	PRON
cblr-2930	181	24	as	as	ADP
cblr-2930	181	25	a	a	DET
cblr-2930	181	26	problem	problem	NOUN
cblr-2930	181	27	.	.	PUNCT
cblr-2930	182	1	the	the	DET
cblr-2930	182	2	reason	reason	NOUN
cblr-2930	182	3	is	be	AUX
cblr-2930	182	4	that	that	SCONJ
cblr-2930	182	5	implicitly	implicitly	ADV
cblr-2930	182	6	or	or	CCONJ
cblr-2930	182	7	explicitly	explicitly	ADV
cblr-2930	182	8	they	they	PRON
cblr-2930	182	9	subscribe	subscribe	VERB
cblr-2930	182	10	to	to	ADP
cblr-2930	182	11	the	the	DET
cblr-2930	182	12	widely	widely	ADV
cblr-2930	182	13	held	hold	VERB
cblr-2930	182	14	view	view	NOUN
cblr-2930	182	15	that	that	SCONJ
cblr-2930	182	16	shareholder	shareholder	NOUN
cblr-2930	182	17	value	value	NOUN
cblr-2930	182	18	maximization	maximization	NOUN
cblr-2930	182	19	is	be	AUX
cblr-2930	182	20	the	the	DET
cblr-2930	182	21	appropriate	appropriate	ADJ
cblr-2930	182	22	corporate	corporate	ADJ
cblr-2930	182	23	objective.24	objective.24	NOUN
cblr-2930	182	24	this	this	DET
cblr-2930	182	25	view	view	NOUN
cblr-2930	182	26	is	be	AUX
cblr-2930	182	27	also	also	ADV
cblr-2930	182	28	held	hold	VERB
cblr-2930	182	29	by	by	ADP
cblr-2930	182	30	the	the	DET
cblr-2930	182	31	delaware	delaware	PROPN
cblr-2930	182	32	chancery	chancery	PROPN
cblr-2930	182	33	court	court	PROPN
cblr-2930	182	34	,	,	PUNCT
cblr-2930	182	35	which	which	PRON
cblr-2930	182	36	recently	recently	ADV
cblr-2930	182	37	opined	opine	VERB
cblr-2930	182	38	that	that	SCONJ
cblr-2930	182	39	"	"	PUNCT
cblr-2930	182	40	[	[	X
cblr-2930	182	41	w]hat	w]hat	PRON
cblr-2930	182	42	legitimizes	legitimize	VERB
cblr-2930	182	43	the	the	DET
cblr-2930	182	44	stockholder	stockholder	NOUN
cblr-2930	182	45	vote	vote	NOUN
cblr-2930	182	46	as	as	ADP
cblr-2930	182	47	a	a	DET
cblr-2930	182	48	decision	decision	NOUN
cblr-2930	182	49	-	-	PUNCT
cblr-2930	182	50	making	make	VERB
cblr-2930	182	51	mechanism	mechanism	NOUN
cblr-2930	182	52	is	be	AUX
cblr-2930	182	53	the	the	DET
cblr-2930	182	54	premise	premise	NOUN
cblr-2930	182	55	that	that	SCONJ
cblr-2930	182	56	stockholders	stockholder	NOUN
cblr-2930	182	57	.	.	PUNCT
cblr-2930	182	58	.	.	PUNCT
cblr-2930	183	1	.	.	PUNCT
cblr-2930	184	1	are	be	AUX
cblr-2930	184	2	expressing	express	VERB
cblr-2930	184	3	their	their	PRON
cblr-2930	184	4	collective	collective	ADJ
cblr-2930	184	5	view	view	NOUN
cblr-2930	184	6	as	as	ADP
cblr-2930	184	7	to	to	ADP
cblr-2930	184	8	whether	whether	SCONJ
cblr-2930	184	9	a	a	DET
cblr-2930	184	10	particular	particular	ADJ
cblr-2930	184	11	course	course	NOUN
cblr-2930	184	12	of	of	ADP
cblr-2930	184	13	action	action	NOUN
cblr-2930	184	14	serves	serve	VERB
cblr-2930	184	15	the	the	DET
cblr-2930	184	16	corporate	corporate	ADJ
cblr-2930	184	17	goal	goal	NOUN
cblr-2930	184	18	of	of	ADP
cblr-2930	184	19	stockholder	stockholder	NOUN
cblr-2930	184	20	wealth	wealth	NOUN
cblr-2930	184	21	maximization	maximization	NOUN
cblr-2930	184	22	.	.	PUNCT
cblr-2930	185	1	"2	"2	PROPN
cblr-2930	185	2	5	5	NUM
cblr-2930	185	3	and	and	CCONJ
cblr-2930	185	4	yet	yet	ADV
cblr-2930	185	5	,	,	PUNCT
cblr-2930	185	6	whether	whether	SCONJ
cblr-2930	185	7	the	the	DET
cblr-2930	185	8	pursuit	pursuit	NOUN
cblr-2930	185	9	of	of	ADP
cblr-2930	185	10	shareholder	shareholder	NOUN
cblr-2930	185	11	value	value	NOUN
cblr-2930	185	12	is	be	AUX
cblr-2930	185	13	an	an	DET
cblr-2930	185	14	effective	effective	ADJ
cblr-2930	185	15	means	mean	NOUN
cblr-2930	185	16	of	of	ADP
cblr-2930	185	17	advancing	advance	VERB
cblr-2930	185	18	general	general	ADJ
cblr-2930	185	19	welfare	welfare	NOUN
cblr-2930	185	20	is	be	AUX
cblr-2930	185	21	a	a	DET
cblr-2930	185	22	question	question	NOUN
cblr-2930	185	23	on	on	ADP
cblr-2930	185	24	which	which	PRON
cblr-2930	185	25	reasonable	reasonable	ADJ
cblr-2930	185	26	minds	mind	NOUN
cblr-2930	185	27	can	can	AUX
cblr-2930	185	28	and	and	CCONJ
cblr-2930	185	29	do	do	AUX
cblr-2930	185	30	differ	differ	VERB
cblr-2930	185	31	.	.	PUNCT
cblr-2930	186	1	26	26	NUM
cblr-2930	186	2	the	the	DET
cblr-2930	186	3	classic	classic	ADJ
cblr-2930	186	4	law	law	NOUN
cblr-2930	186	5	and	and	CCONJ
cblr-2930	186	6	economics	economic	NOUN
cblr-2930	186	7	argument	argument	NOUN
cblr-2930	186	8	for	for	ADP
cblr-2930	186	9	why	why	SCONJ
cblr-2930	186	10	shareholder	shareholder	NOUN
cblr-2930	186	11	value	value	NOUN
cblr-2930	186	12	is	be	AUX
cblr-2930	186	13	an	an	DET
cblr-2930	186	14	effective	effective	ADJ
cblr-2930	186	15	means	mean	NOUN
cblr-2930	186	16	is	be	AUX
cblr-2930	186	17	based	base	VERB
cblr-2930	186	18	on	on	ADP
cblr-2930	186	19	the	the	DET
cblr-2930	186	20	earlier	early	ADJ
cblr-2930	186	21	notion	notion	NOUN
cblr-2930	186	22	that	that	SCONJ
cblr-2930	186	23	shareholders	shareholder	NOUN
cblr-2930	186	24	are	be	AUX
cblr-2930	186	25	the	the	DET
cblr-2930	186	26	residual	residual	ADJ
cblr-2930	186	27	claimants	claimant	NOUN
cblr-2930	186	28	,	,	PUNCT
cblr-2930	186	29	whereas	whereas	SCONJ
cblr-2930	186	30	other	other	ADJ
cblr-2930	186	31	stakeholders	stakeholder	NOUN
cblr-2930	186	32	have	have	AUX
cblr-2930	186	33	fixed	fix	VERB
cblr-2930	186	34	claims	claim	NOUN
cblr-2930	186	35	.	.	PUNCT
cblr-2930	187	1	if	if	SCONJ
cblr-2930	187	2	shareholders	shareholder	NOUN
cblr-2930	187	3	are	be	AUX
cblr-2930	187	4	the	the	DET
cblr-2930	187	5	residual	residual	ADJ
cblr-2930	187	6	claimants	claimant	NOUN
cblr-2930	187	7	,	,	PUNCT
cblr-2930	187	8	they	they	PRON
cblr-2930	187	9	receive	receive	VERB
cblr-2930	187	10	the	the	DET
cblr-2930	187	11	surplus	surplus	NOUN
cblr-2930	187	12	that	that	PRON
cblr-2930	187	13	remains	remain	VERB
cblr-2930	187	14	after	after	SCONJ
cblr-2930	187	15	all	all	DET
cblr-2930	187	16	fixed	fix	VERB
cblr-2930	187	17	claims	claim	NOUN
cblr-2930	187	18	are	be	AUX
cblr-2930	187	19	paid	pay	VERB
cblr-2930	187	20	;	;	PUNCT
cblr-2930	187	21	maximizing	maximize	VERB
cblr-2930	187	22	this	this	DET
cblr-2930	187	23	surplus	surplus	NOUN
cblr-2930	187	24	means	mean	VERB
cblr-2930	187	25	maximizing	maximize	VERB
cblr-2930	187	26	total	total	ADJ
cblr-2930	187	27	value	value	NOUN
cblr-2930	187	28	,	,	PUNCT
cblr-2930	187	29	or	or	CCONJ
cblr-2930	187	30	so	so	ADV
cblr-2930	187	31	the	the	DET
cblr-2930	187	32	argument	argument	NOUN
cblr-2930	187	33	goes.2	goes.2	VERB
cblr-2930	187	34	8	8	NUM
cblr-2930	187	35	critics	critic	NOUN
cblr-2930	187	36	of	of	ADP
cblr-2930	187	37	this	this	DET
cblr-2930	187	38	argument	argument	NOUN
cblr-2930	187	39	reject	reject	VERB
cblr-2930	187	40	the	the	DET
cblr-2930	187	41	notion	notion	NOUN
cblr-2930	187	42	that	that	SCONJ
cblr-2930	187	43	shareholders	shareholder	NOUN
cblr-2930	187	44	are	be	AUX
cblr-2930	187	45	the	the	DET
cblr-2930	187	46	sole	sole	ADJ
cblr-2930	187	47	residual	residual	ADJ
cblr-2930	187	48	claimants	claimant	NOUN
cblr-2930	187	49	.	.	PUNCT
cblr-2930	188	1	on	on	ADP
cblr-2930	188	2	the	the	DET
cblr-2930	188	3	one	one	NUM
cblr-2930	188	4	hand	hand	NOUN
cblr-2930	188	5	,	,	PUNCT
cblr-2930	188	6	other	other	ADJ
cblr-2930	188	7	24	24	NUM
cblr-2930	188	8	see	see	NOUN
cblr-2930	188	9	levmore	levmore	NOUN
cblr-2930	188	10	,	,	PUNCT
cblr-2930	188	11	supra	supra	PROPN
cblr-2930	188	12	note	note	PROPN
cblr-2930	188	13	17	17	NUM
cblr-2930	188	14	,	,	PUNCT
cblr-2930	188	15	at	at	ADP
cblr-2930	188	16	158	158	NUM
cblr-2930	188	17	(	(	PUNCT
cblr-2930	188	18	arguing	argue	VERB
cblr-2930	188	19	that	that	SCONJ
cblr-2930	188	20	there	there	PRON
cblr-2930	188	21	is	be	VERB
cblr-2930	188	22	a	a	DET
cblr-2930	188	23	case	case	NOUN
cblr-2930	188	24	to	to	PART
cblr-2930	188	25	be	be	AUX
cblr-2930	188	26	made	make	VERB
cblr-2930	188	27	for	for	ADP
cblr-2930	188	28	application	application	NOUN
cblr-2930	188	29	of	of	ADP
cblr-2930	188	30	the	the	DET
cblr-2930	188	31	jury	jury	NOUN
cblr-2930	188	32	theorem	theorem	VERB
cblr-2930	188	33	because	because	SCONJ
cblr-2930	188	34	there	there	PRON
cblr-2930	188	35	is	be	VERB
cblr-2930	188	36	the	the	DET
cblr-2930	188	37	metric	metric	NOUN
cblr-2930	188	38	of	of	ADP
cblr-2930	188	39	value	value	NOUN
cblr-2930	188	40	maximization	maximization	NOUN
cblr-2930	188	41	)	)	PUNCT
cblr-2930	188	42	;	;	PUNCT
cblr-2930	188	43	thompson	thompson	PROPN
cblr-2930	188	44	&	&	CCONJ
cblr-2930	188	45	edelman	edelman	PROPN
cblr-2930	188	46	,	,	PUNCT
cblr-2930	188	47	supra	supra	PROPN
cblr-2930	188	48	note	note	PROPN
cblr-2930	188	49	17	17	NUM
cblr-2930	188	50	,	,	PUNCT
cblr-2930	188	51	at	at	ADP
cblr-2930	188	52	155	155	NUM
cblr-2930	188	53	(	(	PUNCT
cblr-2930	188	54	noting	note	VERB
cblr-2930	188	55	that	that	SCONJ
cblr-2930	188	56	"	"	PUNCT
cblr-2930	188	57	the	the	DET
cblr-2930	188	58	franchise	franchise	NOUN
cblr-2930	188	59	is	be	AUX
cblr-2930	188	60	limited	limit	VERB
cblr-2930	188	61	to	to	ADP
cblr-2930	188	62	shareholders	shareholder	NOUN
cblr-2930	188	63	because	because	SCONJ
cblr-2930	188	64	the	the	DET
cblr-2930	188	65	law	law	NOUN
cblr-2930	188	66	has	have	AUX
cblr-2930	188	67	decided	decide	VERB
cblr-2930	188	68	that	that	SCONJ
cblr-2930	188	69	each	each	DET
cblr-2930	188	70	corporation	corporation	NOUN
cblr-2930	188	71	is	be	AUX
cblr-2930	188	72	best	well	ADV
cblr-2930	188	73	served	serve	VERB
cblr-2930	188	74	by	by	ADP
cblr-2930	188	75	focusing	focus	VERB
cblr-2930	188	76	on	on	ADP
cblr-2930	188	77	its	its	PRON
cblr-2930	188	78	own	own	ADJ
cblr-2930	188	79	stock	stock	NOUN
cblr-2930	188	80	price	price	NOUN
cblr-2930	188	81	,	,	PUNCT
cblr-2930	188	82	not	not	PART
cblr-2930	188	83	overall	overall	ADJ
cblr-2930	188	84	social	social	ADJ
cblr-2930	188	85	welfare	welfare	NOUN
cblr-2930	188	86	"	"	PUNCT
cblr-2930	188	87	)	)	PUNCT
cblr-2930	188	88	;	;	PUNCT
cblr-2930	188	89	surowiecki	surowiecki	PROPN
cblr-2930	188	90	,	,	PUNCT
cblr-2930	188	91	supra	supra	PROPN
cblr-2930	188	92	note	note	NOUN
cblr-2930	188	93	16	16	NUM
cblr-2930	188	94	,	,	PUNCT
cblr-2930	188	95	at	at	ADP
cblr-2930	188	96	269	269	NUM
cblr-2930	188	97	(	(	PUNCT
cblr-2930	188	98	contrasting	contrast	VERB
cblr-2930	188	99	the	the	DET
cblr-2930	188	100	problem	problem	NOUN
cblr-2930	188	101	that	that	SCONJ
cblr-2930	188	102	in	in	ADP
cblr-2930	188	103	political	political	ADJ
cblr-2930	188	104	voting	voting	NOUN
cblr-2930	188	105	there	there	PRON
cblr-2930	188	106	is	be	VERB
cblr-2930	188	107	no	no	DET
cblr-2930	188	108	standard	standard	NOUN
cblr-2930	188	109	that	that	PRON
cblr-2930	188	110	allows	allow	VERB
cblr-2930	188	111	us	we	PRON
cblr-2930	188	112	to	to	PART
cblr-2930	188	113	judge	judge	VERB
cblr-2930	188	114	a	a	DET
cblr-2930	188	115	political	political	ADJ
cblr-2930	188	116	decision	decision	NOUN
cblr-2930	188	117	to	to	PART
cblr-2930	188	118	be	be	AUX
cblr-2930	188	119	"	"	PUNCT
cblr-2930	188	120	right	right	ADJ
cblr-2930	188	121	"	"	PUNCT
cblr-2930	188	122	or	or	CCONJ
cblr-2930	188	123	"	"	PUNCT
cblr-2930	188	124	wrong	wrong	ADJ
cblr-2930	188	125	"	"	PUNCT
cblr-2930	188	126	to	to	ADP
cblr-2930	188	127	the	the	DET
cblr-2930	188	128	case	case	NOUN
cblr-2930	188	129	of	of	ADP
cblr-2930	188	130	the	the	DET
cblr-2930	188	131	corporation	corporation	NOUN
cblr-2930	188	132	,	,	PUNCT
cblr-2930	188	133	"	"	PUNCT
cblr-2930	188	134	where	where	SCONJ
cblr-2930	188	135	there	there	PRON
cblr-2930	188	136	is	be	VERB
cblr-2930	188	137	a	a	DET
cblr-2930	188	138	simple	simple	ADJ
cblr-2930	188	139	and	and	CCONJ
cblr-2930	188	140	coherent	coherent	ADJ
cblr-2930	188	141	definition	definition	NOUN
cblr-2930	188	142	of	of	ADP
cblr-2930	188	143	what	what	PRON
cblr-2930	188	144	's	be	AUX
cblr-2930	188	145	in	in	ADP
cblr-2930	188	146	'	'	PUNCT
cblr-2930	188	147	the	the	DET
cblr-2930	188	148	corporate	corporate	ADJ
cblr-2930	188	149	interest'-namely	interest'-namely	NOUN
cblr-2930	188	150	,	,	PUNCT
cblr-2930	188	151	legally	legally	ADV
cblr-2930	188	152	increasing	increase	VERB
cblr-2930	188	153	the	the	DET
cblr-2930	188	154	discounted	discount	VERB
cblr-2930	188	155	value	value	NOUN
cblr-2930	188	156	of	of	ADP
cblr-2930	188	157	the	the	DET
cblr-2930	188	158	company	company	NOUN
cblr-2930	188	159	's	's	PART
cblr-2930	188	160	future	future	ADJ
cblr-2930	188	161	free	free	ADJ
cblr-2930	188	162	cash	cash	NOUN
cblr-2930	188	163	flows	flow	NOUN
cblr-2930	188	164	"	"	PUNCT
cblr-2930	188	165	)	)	PUNCT
cblr-2930	188	166	;	;	PUNCT
cblr-2930	188	167	see	see	VERB
cblr-2930	188	168	also	also	ADV
cblr-2930	188	169	goshen	goshen	PROPN
cblr-2930	188	170	,	,	PUNCT
cblr-2930	188	171	controlling	control	VERB
cblr-2930	188	172	strategic	strategic	ADJ
cblr-2930	188	173	voting	voting	NOUN
cblr-2930	188	174	,	,	PUNCT
cblr-2930	188	175	supra	supra	PROPN
cblr-2930	188	176	note	note	NOUN
cblr-2930	188	177	17	17	NUM
cblr-2930	188	178	,	,	PUNCT
cblr-2930	188	179	at	at	ADP
cblr-2930	188	180	745	745	NUM
cblr-2930	188	181	,	,	PUNCT
cblr-2930	188	182	750	750	NUM
cblr-2930	188	183	(	(	PUNCT
cblr-2930	188	184	defining	define	VERB
cblr-2930	188	185	the	the	DET
cblr-2930	188	186	goal	goal	NOUN
cblr-2930	188	187	as	as	ADP
cblr-2930	188	188	assuring	assure	VERB
cblr-2930	188	189	transaction	transaction	NOUN
cblr-2930	188	190	-	-	PUNCT
cblr-2930	188	191	efficiency	efficiency	NOUN
cblr-2930	188	192	)	)	PUNCT
cblr-2930	188	193	.	.	PUNCT
cblr-2930	189	1	25	25	NUM
cblr-2930	189	2	kurz	kurz	PROPN
cblr-2930	189	3	v.	v.	PROPN
cblr-2930	189	4	holbrook	holbrook	PROPN
cblr-2930	189	5	,	,	PUNCT
cblr-2930	189	6	989	989	NUM
cblr-2930	189	7	a.2d	a.2d	SYM
cblr-2930	189	8	140	140	NUM
cblr-2930	189	9	,	,	PUNCT
cblr-2930	189	10	178	178	NUM
cblr-2930	189	11	(	(	PUNCT
cblr-2930	189	12	del	del	PROPN
cblr-2930	189	13	.	.	PROPN
cblr-2930	189	14	ch	ch	PROPN
cblr-2930	189	15	.	.	PROPN
cblr-2930	189	16	2010	2010	NUM
cblr-2930	189	17	)	)	PUNCT
cblr-2930	189	18	,	,	PUNCT
cblr-2930	189	19	affd	affd	PROPN
cblr-2930	189	20	,	,	PUNCT
cblr-2930	189	21	crown	crown	PROPN
cblr-2930	189	22	emak	emak	PROPN
cblr-2930	189	23	partners	partner	NOUN
cblr-2930	189	24	v.	v.	ADP
cblr-2930	189	25	kurz	kurz	PROPN
cblr-2930	189	26	,	,	PUNCT
cblr-2930	189	27	992	992	NUM
cblr-2930	189	28	a.2d	a.2d	SYM
cblr-2930	189	29	377	377	NUM
cblr-2930	189	30	,	,	PUNCT
cblr-2930	189	31	388	388	NUM
cblr-2930	189	32	-	-	SYM
cblr-2930	189	33	89	89	NUM
cblr-2930	189	34	(	(	PUNCT
cblr-2930	189	35	del	del	PROPN
cblr-2930	189	36	.	.	PROPN
cblr-2930	189	37	2010	2010	NUM
cblr-2930	189	38	)	)	PUNCT
cblr-2930	189	39	.	.	PUNCT
cblr-2930	190	1	26	26	NUM
cblr-2930	190	2	see	see	VERB
cblr-2930	190	3	armour	armour	NOUN
cblr-2930	190	4	et	et	PROPN
cblr-2930	190	5	al	al	PROPN
cblr-2930	190	6	.	.	PROPN
cblr-2930	190	7	,	,	PUNCT
cblr-2930	190	8	supra	supra	PROPN
cblr-2930	190	9	note	note	PROPN
cblr-2930	190	10	23	23	NUM
cblr-2930	190	11	,	,	PUNCT
cblr-2930	190	12	at	at	ADP
cblr-2930	190	13	29	29	NUM
cblr-2930	190	14	.	.	PUNCT
cblr-2930	190	15	21	21	NUM
cblr-2930	190	16	see	see	VERB
cblr-2930	190	17	easterbrook	easterbrook	PROPN
cblr-2930	190	18	&	&	CCONJ
cblr-2930	190	19	fischel	fischel	PROPN
cblr-2930	190	20	,	,	PUNCT
cblr-2930	190	21	supra	supra	PROPN
cblr-2930	190	22	note	note	NOUN
cblr-2930	190	23	8	8	NUM
cblr-2930	190	24	,	,	PUNCT
cblr-2930	190	25	at	at	ADP
cblr-2930	190	26	403	403	NUM
cblr-2930	190	27	.	.	PUNCT
cblr-2930	190	28	'	'	PUNCT
cblr-2930	191	1	but	but	CCONJ
cblr-2930	191	2	see	see	VERB
cblr-2930	191	3	jill	jill	PROPN
cblr-2930	191	4	e.	e.	PROPN
cblr-2930	191	5	fisch	fisch	PROPN
cblr-2930	191	6	,	,	PUNCT
cblr-2930	191	7	measuring	measure	VERB
cblr-2930	191	8	efficiency	efficiency	NOUN
cblr-2930	191	9	in	in	ADP
cblr-2930	191	10	corporate	corporate	ADJ
cblr-2930	191	11	law	law	NOUN
cblr-2930	191	12	:	:	PUNCT
cblr-2930	191	13	the	the	DET
cblr-2930	191	14	role	role	NOUN
cblr-2930	191	15	of	of	ADP
cblr-2930	191	16	shareholder	shareholder	NOUN
cblr-2930	191	17	primacy	primacy	NOUN
cblr-2930	191	18	,	,	PUNCT
cblr-2930	191	19	31	31	NUM
cblr-2930	191	20	j.	j.	PROPN
cblr-2930	191	21	corp	corp	PROPN
cblr-2930	191	22	.	.	PROPN
cblr-2930	191	23	l.	l.	PROPN
cblr-2930	191	24	637	637	NUM
cblr-2930	191	25	,	,	PUNCT
cblr-2930	191	26	658	658	NUM
cblr-2930	191	27	(	(	PUNCT
cblr-2930	191	28	2005	2005	NUM
cblr-2930	191	29	)	)	PUNCT
cblr-2930	191	30	(	(	PUNCT
cblr-2930	191	31	scrutinizing	scrutinize	VERB
cblr-2930	191	32	the	the	DET
cblr-2930	191	33	argument	argument	NOUN
cblr-2930	191	34	)	)	PUNCT
cblr-2930	191	35	.	.	PUNCT
cblr-2930	192	1	no	no	INTJ
cblr-2930	192	2	.	.	PUNCT
cblr-2930	193	1	3:763	3:763	NUM
cblr-2930	193	2	]	]	PUNCT
cblr-2930	193	3	mechanisms	mechanism	NOUN
cblr-2930	193	4	of	of	ADP
cblr-2930	193	5	voting	voting	NOUN
cblr-2930	193	6	efficiency	efficiency	NOUN
cblr-2930	193	7	775	775	NUM
cblr-2930	193	8	stakeholders	stakeholder	NOUN
cblr-2930	193	9	,	,	PUNCT
cblr-2930	193	10	notably	notably	ADV
cblr-2930	193	11	employees	employee	NOUN
cblr-2930	193	12	,	,	PUNCT
cblr-2930	193	13	can	can	AUX
cblr-2930	193	14	also	also	ADV
cblr-2930	193	15	be	be	AUX
cblr-2930	193	16	characterized	characterize	VERB
cblr-2930	193	17	as	as	ADP
cblr-2930	193	18	residual	residual	ADJ
cblr-2930	193	19	claimants	claimant	NOUN
cblr-2930	193	20	.	.	PUNCT
cblr-2930	193	21	"	"	PUNCT
cblr-2930	194	1	on	on	ADP
cblr-2930	194	2	the	the	DET
cblr-2930	194	3	other	other	ADJ
cblr-2930	194	4	hand	hand	NOUN
cblr-2930	194	5	,	,	PUNCT
cblr-2930	194	6	individual	individual	ADJ
cblr-2930	194	7	shareholders	shareholder	NOUN
cblr-2930	194	8	can	can	AUX
cblr-2930	194	9	not	not	PART
cblr-2930	194	10	always	always	ADV
cblr-2930	194	11	be	be	AUX
cblr-2930	194	12	considered	consider	VERB
cblr-2930	194	13	residual	residual	ADJ
cblr-2930	194	14	claimants	claimant	NOUN
cblr-2930	194	15	since	since	SCONJ
cblr-2930	194	16	they	they	PRON
cblr-2930	194	17	may	may	AUX
cblr-2930	194	18	,	,	PUNCT
cblr-2930	194	19	for	for	ADP
cblr-2930	194	20	example	example	NOUN
cblr-2930	194	21	,	,	PUNCT
cblr-2930	194	22	hedge	hedge	VERB
cblr-2930	194	23	away	away	ADV
cblr-2930	194	24	their	their	PRON
cblr-2930	194	25	economic	economic	ADJ
cblr-2930	194	26	interest	interest	NOUN
cblr-2930	194	27	by	by	ADP
cblr-2930	194	28	using	use	VERB
cblr-2930	194	29	derivatives	derivative	NOUN
cblr-2930	194	30	.	.	PUNCT
cblr-2930	194	31	"	"	PUNCT
cblr-2930	195	1	if	if	SCONJ
cblr-2930	195	2	the	the	DET
cblr-2930	195	3	characterization	characterization	NOUN
cblr-2930	195	4	of	of	ADP
cblr-2930	195	5	shareholders	shareholder	NOUN
cblr-2930	195	6	as	as	ADP
cblr-2930	195	7	sole	sole	ADJ
cblr-2930	195	8	residual	residual	ADJ
cblr-2930	195	9	claimants	claimant	NOUN
cblr-2930	195	10	is	be	AUX
cblr-2930	195	11	inaccurate	inaccurate	ADJ
cblr-2930	195	12	,	,	PUNCT
cblr-2930	195	13	this	this	PRON
cblr-2930	195	14	undermines	undermine	VERB
cblr-2930	195	15	the	the	DET
cblr-2930	195	16	notion	notion	NOUN
cblr-2930	195	17	that	that	SCONJ
cblr-2930	195	18	maximizing	maximize	VERB
cblr-2930	195	19	shareholder	shareholder	NOUN
cblr-2930	195	20	value	value	NOUN
cblr-2930	195	21	is	be	AUX
cblr-2930	195	22	an	an	DET
cblr-2930	195	23	effective	effective	ADJ
cblr-2930	195	24	means	mean	NOUN
cblr-2930	195	25	of	of	ADP
cblr-2930	195	26	maximizing	maximize	VERB
cblr-2930	195	27	general	general	ADJ
cblr-2930	195	28	welfare	welfare	NOUN
cblr-2930	195	29	.	.	PUNCT
cblr-2930	195	30	"	"	PUNCT
cblr-2930	196	1	for	for	ADP
cblr-2930	196	2	present	present	ADJ
cblr-2930	196	3	purposes	purpose	NOUN
cblr-2930	196	4	,	,	PUNCT
cblr-2930	196	5	it	it	PRON
cblr-2930	196	6	is	be	AUX
cblr-2930	196	7	not	not	PART
cblr-2930	196	8	necessary	necessary	ADJ
cblr-2930	196	9	to	to	PART
cblr-2930	196	10	join	join	VERB
cblr-2930	196	11	the	the	DET
cblr-2930	196	12	debate	debate	NOUN
cblr-2930	196	13	on	on	ADP
cblr-2930	196	14	whether	whether	SCONJ
cblr-2930	196	15	shareholder	shareholder	NOUN
cblr-2930	196	16	value	value	NOUN
cblr-2930	196	17	maximization	maximization	NOUN
cblr-2930	196	18	is	be	AUX
cblr-2930	196	19	the	the	DET
cblr-2930	196	20	appropriate	appropriate	ADJ
cblr-2930	196	21	corporate	corporate	ADJ
cblr-2930	196	22	objective	objective	NOUN
cblr-2930	196	23	.	.	PUNCT
cblr-2930	197	1	that	that	PRON
cblr-2930	197	2	is	be	AUX
cblr-2930	197	3	because	because	SCONJ
cblr-2930	197	4	our	our	PRON
cblr-2930	197	5	purpose	purpose	NOUN
cblr-2930	197	6	is	be	AUX
cblr-2930	197	7	to	to	PART
cblr-2930	197	8	explore	explore	VERB
cblr-2930	197	9	the	the	DET
cblr-2930	197	10	mechanisms	mechanism	NOUN
cblr-2930	197	11	leading	lead	VERB
cblr-2930	197	12	to	to	ADP
cblr-2930	197	13	a	a	DET
cblr-2930	197	14	predefined	predefine	VERB
cblr-2930	197	15	notion	notion	NOUN
cblr-2930	197	16	of	of	ADP
cblr-2930	197	17	efficiency	efficiency	NOUN
cblr-2930	197	18	rather	rather	ADV
cblr-2930	197	19	than	than	ADP
cblr-2930	197	20	to	to	PART
cblr-2930	197	21	define	define	VERB
cblr-2930	197	22	the	the	DET
cblr-2930	197	23	notion	notion	NOUN
cblr-2930	197	24	of	of	ADP
cblr-2930	197	25	efficiency	efficiency	NOUN
cblr-2930	197	26	.	.	PUNCT
cblr-2930	198	1	to	to	PART
cblr-2930	198	2	avoid	avoid	VERB
cblr-2930	198	3	overly	overly	ADV
cblr-2930	198	4	complicating	complicate	VERB
cblr-2930	198	5	the	the	DET
cblr-2930	198	6	analysis	analysis	NOUN
cblr-2930	198	7	,	,	PUNCT
cblr-2930	198	8	the	the	DET
cblr-2930	198	9	remainder	remainder	NOUN
cblr-2930	198	10	of	of	ADP
cblr-2930	198	11	this	this	DET
cblr-2930	198	12	article	article	NOUN
cblr-2930	198	13	assumes	assume	VERB
cblr-2930	198	14	that	that	SCONJ
cblr-2930	198	15	shareholder	shareholder	NOUN
cblr-2930	198	16	value	value	NOUN
cblr-2930	198	17	maximization	maximization	NOUN
cblr-2930	198	18	is	be	AUX
cblr-2930	198	19	the	the	DET
cblr-2930	198	20	appropriate	appropriate	ADJ
cblr-2930	198	21	objective	objective	NOUN
cblr-2930	198	22	.	.	PUNCT
cblr-2930	198	23	"	"	PUNCT
cblr-2930	199	1	accordingly	accordingly	ADV
cblr-2930	199	2	,	,	PUNCT
cblr-2930	199	3	voting	voting	NOUN
cblr-2930	199	4	is	be	AUX
cblr-2930	199	5	deemed	deem	VERB
cblr-2930	199	6	29	29	NUM
cblr-2930	199	7	see	see	VERB
cblr-2930	199	8	,	,	PUNCT
cblr-2930	199	9	e.g.	e.g.	ADV
cblr-2930	199	10	,	,	PUNCT
cblr-2930	199	11	lynn	lynn	PROPN
cblr-2930	199	12	a.	a.	PROPN
cblr-2930	199	13	stout	stout	PROPN
cblr-2930	199	14	,	,	PUNCT
cblr-2930	199	15	bad	bad	ADJ
cblr-2930	199	16	and	and	CCONJ
cblr-2930	199	17	not	not	PART
cblr-2930	199	18	-	-	PUNCT
cblr-2930	199	19	so	so	ADV
cblr-2930	199	20	-	-	PUNCT
cblr-2930	199	21	bad	bad	ADJ
cblr-2930	199	22	arguments	argument	NOUN
cblr-2930	199	23	for	for	ADP
cblr-2930	199	24	shareholder	shareholder	NOUN
cblr-2930	199	25	primacy	primacy	NOUN
cblr-2930	199	26	,	,	PUNCT
cblr-2930	199	27	75	75	NUM
cblr-2930	199	28	s.	s.	PROPN
cblr-2930	199	29	cal	cal	PROPN
cblr-2930	199	30	.	.	PUNCT
cblr-2930	200	1	l.	l.	PROPN
cblr-2930	200	2	rev	rev	PROPN
cblr-2930	200	3	.	.	PROPN
cblr-2930	200	4	1189	1189	NUM
cblr-2930	200	5	,	,	PUNCT
cblr-2930	200	6	1194	1194	NUM
cblr-2930	200	7	(	(	PUNCT
cblr-2930	200	8	2002	2002	NUM
cblr-2930	200	9	)	)	PUNCT
cblr-2930	200	10	;	;	PUNCT
cblr-2930	200	11	bernard	bernard	PROPN
cblr-2930	200	12	black	black	ADJ
cblr-2930	200	13	,	,	PUNCT
cblr-2930	200	14	corporate	corporate	ADJ
cblr-2930	200	15	law	law	NOUN
cblr-2930	200	16	and	and	CCONJ
cblr-2930	200	17	residual	residual	ADJ
cblr-2930	200	18	claimants	claimant	NOUN
cblr-2930	200	19	4	4	NUM
cblr-2930	200	20	-	-	SYM
cblr-2930	200	21	5	5	NUM
cblr-2930	200	22	(	(	PUNCT
cblr-2930	200	23	stanford	stanford	PROPN
cblr-2930	200	24	law	law	PROPN
cblr-2930	200	25	sch	sch	PROPN
cblr-2930	200	26	.	.	PUNCT
cblr-2930	201	1	john	john	PROPN
cblr-2930	201	2	m.	m.	PROPN
cblr-2930	201	3	olin	olin	PROPN
cblr-2930	201	4	program	program	PROPN
cblr-2930	201	5	in	in	ADP
cblr-2930	201	6	law	law	NOUN
cblr-2930	201	7	and	and	CCONJ
cblr-2930	201	8	econ	econ	PROPN
cblr-2930	201	9	.	.	PROPN
cblr-2930	201	10	,	,	PUNCT
cblr-2930	202	1	working	work	VERB
cblr-2930	202	2	paper	paper	NOUN
cblr-2930	202	3	no	no	INTJ
cblr-2930	202	4	.	.	PROPN
cblr-2930	202	5	217	217	NUM
cblr-2930	202	6	,	,	PUNCT
cblr-2930	202	7	2001	2001	NUM
cblr-2930	202	8	)	)	PUNCT
cblr-2930	202	9	,	,	PUNCT
cblr-2930	202	10	available	available	ADJ
cblr-2930	202	11	at	at	ADP
cblr-2930	202	12	http//www.ssrn.com	http//www.ssrn.com	PROPN
cblr-2930	202	13	/	/	SYM
cblr-2930	202	14	abstract-1528437	abstract-1528437	ADJ
cblr-2930	202	15	.	.	PUNCT
cblr-2930	203	1	'	'	PUNCT
cblr-2930	203	2	o	o	NOUN
cblr-2930	203	3	see	see	NOUN
cblr-2930	203	4	infra	infra	NOUN
cblr-2930	203	5	note	note	VERB
cblr-2930	203	6	146	146	NUM
cblr-2930	203	7	and	and	CCONJ
cblr-2930	203	8	accompanying	accompany	VERB
cblr-2930	203	9	text	text	NOUN
cblr-2930	203	10	.	.	PUNCT
cblr-2930	204	1	another	another	DET
cblr-2930	204	2	example	example	NOUN
cblr-2930	204	3	is	be	AUX
cblr-2930	204	4	offered	offer	VERB
cblr-2930	204	5	by	by	ADP
cblr-2930	204	6	the	the	DET
cblr-2930	204	7	financial	financial	ADJ
cblr-2930	204	8	crisis	crisis	NOUN
cblr-2930	204	9	.	.	PUNCT
cblr-2930	205	1	when	when	SCONJ
cblr-2930	205	2	governments	government	NOUN
cblr-2930	205	3	step	step	VERB
cblr-2930	205	4	in	in	ADP
cblr-2930	205	5	to	to	ADP
cblr-2930	205	6	rescue	rescue	NOUN
cblr-2930	205	7	firms	firm	NOUN
cblr-2930	205	8	deemed	deem	VERB
cblr-2930	205	9	too	too	ADV
cblr-2930	205	10	big	big	ADJ
cblr-2930	205	11	to	to	PART
cblr-2930	205	12	fail	fail	VERB
cblr-2930	205	13	,	,	PUNCT
cblr-2930	205	14	shareholders	shareholder	NOUN
cblr-2930	205	15	are	be	AUX
cblr-2930	205	16	effectively	effectively	ADV
cblr-2930	205	17	substituted	substitute	VERB
cblr-2930	205	18	as	as	ADP
cblr-2930	205	19	residual	residual	ADJ
cblr-2930	205	20	claimants	claimant	NOUN
cblr-2930	205	21	by	by	ADP
cblr-2930	205	22	the	the	DET
cblr-2930	205	23	government	government	NOUN
cblr-2930	205	24	,	,	PUNCT
cblr-2930	205	25	and	and	CCONJ
cblr-2930	205	26	ultimately	ultimately	ADV
cblr-2930	205	27	the	the	DET
cblr-2930	205	28	taxpayer	taxpayer	NOUN
cblr-2930	205	29	.	.	PUNCT
cblr-2930	206	1	"	"	PUNCT
cblr-2930	206	2	t	t	PROPN
cblr-2930	206	3	fisch	fisch	PROPN
cblr-2930	206	4	,	,	PUNCT
cblr-2930	206	5	supra	supra	PROPN
cblr-2930	206	6	note	note	PROPN
cblr-2930	206	7	28	28	NUM
cblr-2930	206	8	,	,	PUNCT
cblr-2930	206	9	at	at	ADP
cblr-2930	206	10	660	660	NUM
cblr-2930	206	11	.	.	PUNCT
cblr-2930	207	1	the	the	DET
cblr-2930	207	2	notion	notion	NOUN
cblr-2930	207	3	is	be	AUX
cblr-2930	207	4	also	also	ADV
cblr-2930	207	5	undermined	undermine	VERB
cblr-2930	207	6	by	by	ADP
cblr-2930	207	7	other	other	ADJ
cblr-2930	207	8	issues	issue	NOUN
cblr-2930	207	9	,	,	PUNCT
cblr-2930	207	10	such	such	ADJ
cblr-2930	207	11	as	as	ADP
cblr-2930	207	12	the	the	DET
cblr-2930	207	13	possibility	possibility	NOUN
cblr-2930	207	14	that	that	SCONJ
cblr-2930	207	15	individual	individual	ADJ
cblr-2930	207	16	firm	firm	ADJ
cblr-2930	207	17	decisions	decision	NOUN
cblr-2930	207	18	may	may	AUX
cblr-2930	207	19	create	create	VERB
cblr-2930	207	20	negative	negative	ADJ
cblr-2930	207	21	externalities	externality	NOUN
cblr-2930	207	22	.	.	PUNCT
cblr-2930	208	1	i	i	PRON
cblr-2930	208	2	d.	d.	PROPN
cblr-2930	208	3	"	"	PUNCT
cblr-2930	208	4	a	a	DET
cblr-2930	208	5	focus	focus	NOUN
cblr-2930	208	6	on	on	ADP
cblr-2930	208	7	shareholder	shareholder	NOUN
cblr-2930	208	8	value	value	NOUN
cblr-2930	208	9	also	also	ADV
cblr-2930	208	10	enables	enable	VERB
cblr-2930	208	11	us	we	PRON
cblr-2930	208	12	to	to	PART
cblr-2930	208	13	distinguish	distinguish	VERB
cblr-2930	208	14	between	between	ADP
cblr-2930	208	15	voting	voting	NOUN
cblr-2930	208	16	as	as	ADP
cblr-2930	208	17	a	a	DET
cblr-2930	208	18	mechanism	mechanism	NOUN
cblr-2930	208	19	for	for	ADP
cblr-2930	208	20	information	information	NOUN
cblr-2930	208	21	aggregation	aggregation	NOUN
cblr-2930	208	22	and	and	CCONJ
cblr-2930	208	23	voting	voting	NOUN
cblr-2930	208	24	as	as	ADP
cblr-2930	208	25	a	a	DET
cblr-2930	208	26	mechanism	mechanism	NOUN
cblr-2930	208	27	for	for	ADP
cblr-2930	208	28	preference	preference	NOUN
cblr-2930	208	29	aggregation	aggregation	NOUN
cblr-2930	208	30	.	.	PUNCT
cblr-2930	209	1	the	the	DET
cblr-2930	209	2	latter	latter	ADJ
cblr-2930	209	3	is	be	AUX
cblr-2930	209	4	often	often	ADV
cblr-2930	209	5	-	-	PUNCT
cblr-2930	209	6	though	though	ADV
cblr-2930	209	7	not	not	PART
cblr-2930	209	8	always	always	ADV
cblr-2930	209	9	-	-	PUNCT
cblr-2930	209	10	associated	associate	VERB
cblr-2930	209	11	with	with	ADP
cblr-2930	209	12	political	political	ADJ
cblr-2930	209	13	voting	voting	NOUN
cblr-2930	209	14	,	,	PUNCT
cblr-2930	209	15	where	where	SCONJ
cblr-2930	209	16	voters	voter	NOUN
cblr-2930	209	17	may	may	AUX
cblr-2930	209	18	prefer	prefer	VERB
cblr-2930	209	19	different	different	ADJ
cblr-2930	209	20	outcomes	outcome	NOUN
cblr-2930	209	21	.	.	PUNCT
cblr-2930	210	1	for	for	ADP
cblr-2930	210	2	an	an	DET
cblr-2930	210	3	epistemic	epistemic	ADJ
cblr-2930	210	4	approach	approach	NOUN
cblr-2930	210	5	to	to	ADP
cblr-2930	210	6	political	political	ADJ
cblr-2930	210	7	voting	voting	NOUN
cblr-2930	210	8	,	,	PUNCT
cblr-2930	210	9	see	see	VERB
cblr-2930	210	10	h616ne	h616ne	NOUN
cblr-2930	210	11	landemore	landemore	PROPN
cblr-2930	210	12	,	,	PUNCT
cblr-2930	210	13	democratic	democratic	ADJ
cblr-2930	210	14	reason	reason	NOUN
cblr-2930	210	15	:	:	PUNCT
cblr-2930	210	16	why	why	SCONJ
cblr-2930	210	17	the	the	DET
cblr-2930	210	18	many	many	ADJ
cblr-2930	210	19	are	be	AUX
cblr-2930	210	20	smarter	smart	ADJ
cblr-2930	210	21	than	than	ADP
cblr-2930	210	22	the	the	DET
cblr-2930	210	23	few	few	ADJ
cblr-2930	210	24	and	and	CCONJ
cblr-2930	210	25	why	why	SCONJ
cblr-2930	210	26	it	it	PRON
cblr-2930	210	27	matters	matter	VERB
cblr-2930	210	28	6	6	NUM
cblr-2930	210	29	(	(	PUNCT
cblr-2930	210	30	2009	2009	NUM
cblr-2930	210	31	)	)	PUNCT
cblr-2930	210	32	(	(	PUNCT
cblr-2930	210	33	unpublished	unpublished	ADJ
cblr-2930	210	34	manuscript	manuscript	NOUN
cblr-2930	210	35	)	)	PUNCT
cblr-2930	210	36	,	,	PUNCT
cblr-2930	210	37	available	available	ADJ
cblr-2930	210	38	at	at	ADP
cblr-2930	210	39	http//yale	http//yale	NOUN
cblr-2930	210	40	.	.	PUNCT
cblr-2930	211	1	academia.edu/helenelandemore/papers/158385/democratic-reason--why-the	academia.edu/helenelandemore/papers/158385/democratic-reason--why-the	DET
cblr-2930	211	2	-many	-many	PROPN
cblr-2930	211	3	-	-	PUNCT
cblr-2930	211	4	are	be	AUX
cblr-2930	211	5	-	-	PUNCT
cblr-2930	211	6	smarter	smart	ADJ
cblr-2930	211	7	-	-	PUNCT
cblr-2930	211	8	than	than	ADP
cblr-2930	211	9	-	-	PUNCT
cblr-2930	211	10	the	the	DET
cblr-2930	211	11	-	-	PUNCT
cblr-2930	211	12	few	few	ADJ
cblr-2930	211	13	-	-	PUNCT
cblr-2930	211	14	and	and	CCONJ
cblr-2930	211	15	-	-	PUNCT
cblr-2930	211	16	why	why	SCONJ
cblr-2930	211	17	-	-	PUNCT
cblr-2930	211	18	it	it	PRON
cblr-2930	211	19	-	-	PUNCT
cblr-2930	211	20	matters	matter	NOUN
cblr-2930	211	21	.	.	PUNCT
cblr-2930	212	1	for	for	ADP
cblr-2930	212	2	example	example	NOUN
cblr-2930	212	3	,	,	PUNCT
cblr-2930	212	4	some	some	DET
cblr-2930	212	5	voters	voter	NOUN
cblr-2930	212	6	may	may	AUX
cblr-2930	212	7	prefer	prefer	VERB
cblr-2930	212	8	an	an	DET
cblr-2930	212	9	outcome	outcome	NOUN
cblr-2930	212	10	that	that	PRON
cblr-2930	212	11	maximizes	maximize	VERB
cblr-2930	212	12	economic	economic	ADJ
cblr-2930	212	13	growth	growth	NOUN
cblr-2930	212	14	,	,	PUNCT
cblr-2930	212	15	while	while	SCONJ
cblr-2930	212	16	others	other	NOUN
cblr-2930	212	17	may	may	AUX
cblr-2930	212	18	prefer	prefer	VERB
cblr-2930	212	19	an	an	DET
cblr-2930	212	20	outcome	outcome	NOUN
cblr-2930	212	21	that	that	PRON
cblr-2930	212	22	minimizes	minimize	VERB
cblr-2930	212	23	social	social	ADJ
cblr-2930	212	24	inequalities	inequality	NOUN
cblr-2930	212	25	.	.	PUNCT
cblr-2930	213	1	to	to	PART
cblr-2930	213	2	aggregate	aggregate	VERB
cblr-2930	213	3	heterogeneous	heterogeneous	ADJ
cblr-2930	213	4	preferences	preference	NOUN
cblr-2930	213	5	and	and	CCONJ
cblr-2930	213	6	obtain	obtain	VERB
cblr-2930	213	7	transitive	transitive	ADJ
cblr-2930	213	8	outcomes	outcome	NOUN
cblr-2930	213	9	is	be	AUX
cblr-2930	213	10	challenging	challenge	VERB
cblr-2930	213	11	if	if	SCONJ
cblr-2930	213	12	not	not	PART
cblr-2930	213	13	impossible	impossible	ADJ
cblr-2930	213	14	,	,	PUNCT
cblr-2930	213	15	as	as	ADP
cblr-2930	213	16	arrow	arrow	NOUN
cblr-2930	213	17	's	's	PART
cblr-2930	213	18	theorem	theorem	ADJ
cblr-2930	213	19	shows	show	NOUN
cblr-2930	213	20	.	.	PUNCT
cblr-2930	214	1	this	this	DET
cblr-2930	214	2	issue	issue	NOUN
cblr-2930	214	3	features	feature	VERB
cblr-2930	214	4	prominently	prominently	ADV
cblr-2930	214	5	in	in	ADP
cblr-2930	214	6	social	social	ADJ
cblr-2930	214	7	choice	choice	NOUN
cblr-2930	214	8	theory	theory	NOUN
cblr-2930	214	9	.	.	PUNCT
cblr-2930	215	1	corporate	corporate	ADJ
cblr-2930	215	2	constituencies	constituency	NOUN
cblr-2930	215	3	[	[	X
cblr-2930	215	4	vol	vol	NOUN
cblr-2930	215	5	.	.	NOUN
cblr-2930	215	6	2010776	2010776	NUM
cblr-2930	215	7	columbia	columbia	PROPN
cblr-2930	215	8	b	b	PROPN
cblr-2930	216	1	usiness	usiness	PROPN
cblr-2930	216	2	la	la	PROPN
cblr-2930	216	3	w	w	PROPN
cblr-2930	216	4	re	re	PROPN
cblr-2930	216	5	vie	vie	PROPN
cblr-2930	216	6	w	w	PROPN
cblr-2930	216	7	efficient	efficient	ADJ
cblr-2930	216	8	when	when	SCONJ
cblr-2930	216	9	a	a	DET
cblr-2930	216	10	majority	majority	NOUN
cblr-2930	216	11	of	of	ADP
cblr-2930	216	12	the	the	DET
cblr-2930	216	13	shares	share	NOUN
cblr-2930	216	14	is	be	AUX
cblr-2930	216	15	voted	vote	VERB
cblr-2930	216	16	in	in	ADP
cblr-2930	216	17	favor	favor	NOUN
cblr-2930	216	18	of	of	ADP
cblr-2930	216	19	the	the	DET
cblr-2930	216	20	option	option	NOUN
cblr-2930	216	21	that	that	PRON
cblr-2930	216	22	maximizes	maximize	VERB
cblr-2930	216	23	shareholder	shareholder	NOUN
cblr-2930	216	24	value	value	NOUN
cblr-2930	216	25	.	.	PUNCT
cblr-2930	216	26	"	"	PUNCT
cblr-2930	217	1	such	such	ADJ
cblr-2930	217	2	as	as	ADP
cblr-2930	217	3	employees	employee	NOUN
cblr-2930	217	4	and	and	CCONJ
cblr-2930	217	5	shareholders	shareholder	NOUN
cblr-2930	217	6	,	,	PUNCT
cblr-2930	217	7	too	too	ADV
cblr-2930	217	8	,	,	PUNCT
cblr-2930	217	9	have	have	VERB
cblr-2930	217	10	heterogeneous	heterogeneous	ADJ
cblr-2930	217	11	preferences	preference	NOUN
cblr-2930	217	12	,	,	PUNCT
cblr-2930	217	13	and	and	CCONJ
cblr-2930	217	14	arguments	argument	NOUN
cblr-2930	217	15	from	from	ADP
cblr-2930	217	16	social	social	ADJ
cblr-2930	217	17	choice	choice	NOUN
cblr-2930	217	18	theory	theory	NOUN
cblr-2930	217	19	have	have	AUX
cblr-2930	217	20	therefore	therefore	ADV
cblr-2930	217	21	also	also	ADV
cblr-2930	217	22	been	be	AUX
cblr-2930	217	23	invoked	invoke	VERB
cblr-2930	217	24	in	in	ADP
cblr-2930	217	25	the	the	DET
cblr-2930	217	26	scholarly	scholarly	ADJ
cblr-2930	217	27	debate	debate	NOUN
cblr-2930	217	28	on	on	ADP
cblr-2930	217	29	corporate	corporate	ADJ
cblr-2930	217	30	voting	voting	NOUN
cblr-2930	217	31	.	.	PUNCT
cblr-2930	218	1	see	see	VERB
cblr-2930	218	2	easterbrook	easterbrook	PROPN
cblr-2930	218	3	&	&	CCONJ
cblr-2930	218	4	fischel	fischel	PROPN
cblr-2930	218	5	,	,	PUNCT
cblr-2930	218	6	supra	supra	PROPN
cblr-2930	218	7	note	note	NOUN
cblr-2930	218	8	8	8	NUM
cblr-2930	218	9	,	,	PUNCT
cblr-2930	218	10	at	at	ADP
cblr-2930	218	11	405	405	NUM
cblr-2930	218	12	(	(	PUNCT
cblr-2930	218	13	arguing	argue	VERB
cblr-2930	218	14	that	that	SCONJ
cblr-2930	218	15	a	a	DET
cblr-2930	218	16	consistent	consistent	ADJ
cblr-2930	218	17	system	system	NOUN
cblr-2930	218	18	of	of	ADP
cblr-2930	218	19	choices	choice	NOUN
cblr-2930	218	20	is	be	AUX
cblr-2930	218	21	only	only	ADV
cblr-2930	218	22	possible	possible	ADJ
cblr-2930	218	23	when	when	SCONJ
cblr-2930	218	24	voters	voter	NOUN
cblr-2930	218	25	hold	hold	VERB
cblr-2930	218	26	the	the	DET
cblr-2930	218	27	same	same	ADJ
cblr-2930	218	28	ranking	ranking	NOUN
cblr-2930	218	29	of	of	ADP
cblr-2930	218	30	choices	choice	NOUN
cblr-2930	218	31	(	(	PUNCT
cblr-2930	218	32	or	or	CCONJ
cblr-2930	218	33	when	when	SCONJ
cblr-2930	218	34	rankings	ranking	NOUN
cblr-2930	218	35	are	be	AUX
cblr-2930	218	36	at	at	ADP
cblr-2930	218	37	least	least	ADJ
cblr-2930	218	38	single	single	ADJ
cblr-2930	218	39	peaked	peak	VERB
cblr-2930	218	40	)	)	PUNCT
cblr-2930	218	41	,	,	PUNCT
cblr-2930	218	42	and	and	CCONJ
cblr-2930	218	43	that	that	SCONJ
cblr-2930	218	44	shareholders	shareholder	NOUN
cblr-2930	218	45	form	form	VERB
cblr-2930	218	46	such	such	DET
cblr-2930	218	47	a	a	DET
cblr-2930	218	48	homogenous	homogenous	ADJ
cblr-2930	218	49	group	group	NOUN
cblr-2930	218	50	because	because	SCONJ
cblr-2930	218	51	of	of	ADP
cblr-2930	218	52	their	their	PRON
cblr-2930	218	53	shared	share	VERB
cblr-2930	218	54	interest	interest	NOUN
cblr-2930	218	55	in	in	ADP
cblr-2930	218	56	profit	profit	NOUN
cblr-2930	218	57	maximization	maximization	NOUN
cblr-2930	218	58	)	)	PUNCT
cblr-2930	218	59	;	;	PUNCT
cblr-2930	218	60	see	see	VERB
cblr-2930	218	61	also	also	ADV
cblr-2930	218	62	jeffrey	jeffrey	PROPN
cblr-2930	218	63	n.	n.	PROPN
cblr-2930	218	64	gordon	gordon	PROPN
cblr-2930	218	65	,	,	PUNCT
cblr-2930	218	66	shareholder	shareholder	NOUN
cblr-2930	218	67	initiative	initiative	NOUN
cblr-2930	218	68	:	:	PUNCT
cblr-2930	218	69	a	a	DET
cblr-2930	218	70	social	social	ADJ
cblr-2930	218	71	choice	choice	NOUN
cblr-2930	218	72	and	and	CCONJ
cblr-2930	218	73	game	game	NOUN
cblr-2930	218	74	theoretic	theoretic	NOUN
cblr-2930	218	75	approach	approach	NOUN
cblr-2930	218	76	to	to	ADP
cblr-2930	218	77	corporate	corporate	ADJ
cblr-2930	218	78	law	law	NOUN
cblr-2930	218	79	,	,	PUNCT
cblr-2930	218	80	60	60	NUM
cblr-2930	218	81	u.	u.	NOUN
cblr-2930	218	82	cin	cin	PROPN
cblr-2930	218	83	.	.	PUNCT
cblr-2930	219	1	l.	l.	PROPN
cblr-2930	219	2	rev	rev	PROPN
cblr-2930	219	3	.	.	PROPN
cblr-2930	219	4	347	347	NUM
cblr-2930	219	5	,	,	PUNCT
cblr-2930	219	6	359	359	NUM
cblr-2930	219	7	-	-	SYM
cblr-2930	219	8	63	63	NUM
cblr-2930	219	9	(	(	PUNCT
cblr-2930	219	10	1991	1991	NUM
cblr-2930	219	11	)	)	PUNCT
cblr-2930	220	1	(	(	PUNCT
cblr-2930	220	2	exploring	explore	VERB
cblr-2930	220	3	the	the	DET
cblr-2930	220	4	risk	risk	NOUN
cblr-2930	220	5	of	of	ADP
cblr-2930	220	6	cycling	cycling	NOUN
cblr-2930	220	7	)	)	PUNCT
cblr-2930	220	8	.	.	PUNCT
cblr-2930	221	1	but	but	CCONJ
cblr-2930	221	2	see	see	VERB
cblr-2930	221	3	grant	grant	PROPN
cblr-2930	221	4	hayden	hayden	PROPN
cblr-2930	221	5	&	&	CCONJ
cblr-2930	221	6	matthew	matthew	PROPN
cblr-2930	221	7	bodie	bodie	PROPN
cblr-2930	221	8	,	,	PUNCT
cblr-2930	221	9	arrow	arrow	NOUN
cblr-2930	221	10	's	's	PART
cblr-2930	221	11	theorem	theorem	NOUN
cblr-2930	221	12	and	and	CCONJ
cblr-2930	221	13	the	the	DET
cblr-2930	221	14	exclusive	exclusive	ADJ
cblr-2930	221	15	shareholder	shareholder	NOUN
cblr-2930	221	16	franchise	franchise	NOUN
cblr-2930	221	17	,	,	PUNCT
cblr-2930	221	18	62	62	NUM
cblr-2930	221	19	vand	vand	NOUN
cblr-2930	221	20	.	.	PUNCT
cblr-2930	222	1	l.	l.	PROPN
cblr-2930	222	2	rev	rev	PROPN
cblr-2930	222	3	.	.	PROPN
cblr-2930	222	4	1217	1217	NUM
cblr-2930	222	5	,	,	PUNCT
cblr-2930	222	6	1229	1229	NUM
cblr-2930	222	7	-	-	SYM
cblr-2930	222	8	37	37	NUM
cblr-2930	222	9	(	(	PUNCT
cblr-2930	222	10	2009	2009	NUM
cblr-2930	222	11	)	)	PUNCT
cblr-2930	222	12	(	(	PUNCT
cblr-2930	222	13	arguing	argue	VERB
cblr-2930	222	14	that	that	SCONJ
cblr-2930	222	15	the	the	DET
cblr-2930	222	16	likelihood	likelihood	NOUN
cblr-2930	222	17	of	of	ADP
cblr-2930	222	18	cyclical	cyclical	ADJ
cblr-2930	222	19	outcomes	outcome	NOUN
cblr-2930	222	20	in	in	ADP
cblr-2930	222	21	cases	case	NOUN
cblr-2930	222	22	of	of	ADP
cblr-2930	222	23	corporate	corporate	ADJ
cblr-2930	222	24	voting	voting	NOUN
cblr-2930	222	25	by	by	ADP
cblr-2930	222	26	multiple	multiple	ADJ
cblr-2930	222	27	constituencies	constituency	NOUN
cblr-2930	222	28	with	with	ADP
cblr-2930	222	29	heterogeneous	heterogeneous	ADJ
cblr-2930	222	30	preferences	preference	NOUN
cblr-2930	222	31	may	may	AUX
cblr-2930	222	32	not	not	PART
cblr-2930	222	33	be	be	AUX
cblr-2930	222	34	that	that	ADV
cblr-2930	222	35	significant	significant	ADJ
cblr-2930	222	36	and	and	CCONJ
cblr-2930	222	37	questioning	question	VERB
cblr-2930	222	38	whether	whether	SCONJ
cblr-2930	222	39	occasional	occasional	ADJ
cblr-2930	222	40	transitivity	transitivity	NOUN
cblr-2930	222	41	would	would	AUX
cblr-2930	222	42	do	do	VERB
cblr-2930	222	43	much	much	ADJ
cblr-2930	222	44	harm	harm	NOUN
cblr-2930	222	45	to	to	ADP
cblr-2930	222	46	organizations	organization	NOUN
cblr-2930	222	47	,	,	PUNCT
cblr-2930	222	48	at	at	ADP
cblr-2930	222	49	least	least	ADJ
cblr-2930	222	50	when	when	SCONJ
cblr-2930	222	51	it	it	PRON
cblr-2930	222	52	comes	come	VERB
cblr-2930	222	53	to	to	ADP
cblr-2930	222	54	corporate	corporate	ADJ
cblr-2930	222	55	board	board	NOUN
cblr-2930	222	56	elections	election	NOUN
cblr-2930	222	57	)	)	PUNCT
cblr-2930	222	58	.	.	PUNCT
cblr-2930	223	1	by	by	ADP
cblr-2930	223	2	contrast	contrast	NOUN
cblr-2930	223	3	,	,	PUNCT
cblr-2930	223	4	shareholders	shareholder	NOUN
cblr-2930	223	5	generally	generally	ADV
cblr-2930	223	6	prefer	prefer	VERB
cblr-2930	223	7	the	the	DET
cblr-2930	223	8	same	same	ADJ
cblr-2930	223	9	outcome	outcome	NOUN
cblr-2930	223	10	,	,	PUNCT
cblr-2930	223	11	namely	namely	ADV
cblr-2930	223	12	the	the	DET
cblr-2930	223	13	outcome	outcome	NOUN
cblr-2930	223	14	that	that	PRON
cblr-2930	223	15	maximizes	maximize	VERB
cblr-2930	223	16	the	the	DET
cblr-2930	223	17	firm	firm	NOUN
cblr-2930	223	18	's	's	PART
cblr-2930	223	19	future	future	ADJ
cblr-2930	223	20	cash	cash	NOUN
cblr-2930	223	21	flows	flow	NOUN
cblr-2930	223	22	.	.	PUNCT
cblr-2930	224	1	later	later	ADV
cblr-2930	224	2	in	in	ADP
cblr-2930	224	3	the	the	DET
cblr-2930	224	4	article	article	NOUN
cblr-2930	224	5	,	,	PUNCT
cblr-2930	224	6	we	we	PRON
cblr-2930	224	7	will	will	AUX
cblr-2930	224	8	see	see	VERB
cblr-2930	224	9	that	that	SCONJ
cblr-2930	224	10	shareholders	shareholder	NOUN
cblr-2930	224	11	do	do	AUX
cblr-2930	224	12	not	not	PART
cblr-2930	224	13	always	always	ADV
cblr-2930	224	14	have	have	VERB
cblr-2930	224	15	homogenous	homogenous	ADJ
cblr-2930	224	16	preferences	preference	NOUN
cblr-2930	224	17	.	.	PUNCT
cblr-2930	225	1	see	see	VERB
cblr-2930	225	2	infra	infra	NOUN
cblr-2930	225	3	notes	note	VERB
cblr-2930	225	4	101	101	NUM
cblr-2930	225	5	-	-	SYM
cblr-2930	225	6	06	06	NUM
cblr-2930	225	7	and	and	CCONJ
cblr-2930	225	8	accompanying	accompany	VERB
cblr-2930	225	9	text	text	NOUN
cblr-2930	225	10	.	.	PUNCT
cblr-2930	226	1	but	but	CCONJ
cblr-2930	226	2	starting	start	VERB
cblr-2930	226	3	from	from	ADP
cblr-2930	226	4	the	the	DET
cblr-2930	226	5	assumption	assumption	NOUN
cblr-2930	226	6	that	that	SCONJ
cblr-2930	226	7	they	they	PRON
cblr-2930	226	8	do	do	AUX
cblr-2930	226	9	,	,	PUNCT
cblr-2930	226	10	we	we	PRON
cblr-2930	226	11	can	can	AUX
cblr-2930	226	12	see	see	VERB
cblr-2930	226	13	how	how	SCONJ
cblr-2930	226	14	shareholders	shareholder	NOUN
cblr-2930	226	15	,	,	PUNCT
cblr-2930	226	16	based	base	VERB
cblr-2930	226	17	on	on	ADP
cblr-2930	226	18	the	the	DET
cblr-2930	226	19	bits	bit	NOUN
cblr-2930	226	20	and	and	CCONJ
cblr-2930	226	21	pieces	piece	NOUN
cblr-2930	226	22	of	of	ADP
cblr-2930	226	23	information	information	NOUN
cblr-2930	226	24	available	available	ADJ
cblr-2930	226	25	to	to	ADP
cblr-2930	226	26	each	each	PRON
cblr-2930	226	27	of	of	ADP
cblr-2930	226	28	them	they	PRON
cblr-2930	226	29	,	,	PUNCT
cblr-2930	226	30	merely	merely	ADV
cblr-2930	226	31	have	have	VERB
cblr-2930	226	32	different	different	ADJ
cblr-2930	226	33	beliefs	belief	NOUN
cblr-2930	226	34	on	on	ADP
cblr-2930	226	35	what	what	PRON
cblr-2930	226	36	the	the	DET
cblr-2930	226	37	most	most	ADV
cblr-2930	226	38	suitable	suitable	ADJ
cblr-2930	226	39	means	mean	NOUN
cblr-2930	226	40	are	be	AUX
cblr-2930	226	41	to	to	ADP
cblr-2930	226	42	achieving	achieve	VERB
cblr-2930	226	43	the	the	DET
cblr-2930	226	44	common	common	ADJ
cblr-2930	226	45	goal	goal	NOUN
cblr-2930	226	46	of	of	ADP
cblr-2930	226	47	shareholder	shareholder	NOUN
cblr-2930	226	48	value	value	NOUN
cblr-2930	226	49	maximization	maximization	NOUN
cblr-2930	226	50	.	.	PUNCT
cblr-2930	227	1	thus	thus	ADV
cblr-2930	227	2	,	,	PUNCT
cblr-2930	227	3	it	it	PRON
cblr-2930	227	4	becomes	become	VERB
cblr-2930	227	5	clear	clear	ADJ
cblr-2930	227	6	that	that	SCONJ
cblr-2930	227	7	voting	voting	NOUN
cblr-2930	227	8	can	can	AUX
cblr-2930	227	9	serve	serve	VERB
cblr-2930	227	10	as	as	ADP
cblr-2930	227	11	a	a	DET
cblr-2930	227	12	mechanism	mechanism	NOUN
cblr-2930	227	13	for	for	ADP
cblr-2930	227	14	information	information	NOUN
cblr-2930	227	15	aggregation	aggregation	NOUN
cblr-2930	227	16	.	.	PUNCT
cblr-2930	228	1	3	3	NUM
cblr-2930	228	2	to	to	PART
cblr-2930	228	3	be	be	AUX
cblr-2930	228	4	precise	precise	ADJ
cblr-2930	228	5	,	,	PUNCT
cblr-2930	228	6	given	give	VERB
cblr-2930	228	7	that	that	SCONJ
cblr-2930	228	8	shareholders	shareholder	NOUN
cblr-2930	228	9	are	be	AUX
cblr-2930	228	10	typically	typically	ADV
cblr-2930	228	11	presented	present	VERB
cblr-2930	228	12	with	with	ADP
cblr-2930	228	13	a	a	DET
cblr-2930	228	14	binary	binary	ADJ
cblr-2930	228	15	choice	choice	NOUN
cblr-2930	228	16	(	(	PUNCT
cblr-2930	228	17	e.g.	e.g.	ADV
cblr-2930	228	18	,	,	PUNCT
cblr-2930	228	19	approve	approve	VERB
cblr-2930	228	20	or	or	CCONJ
cblr-2930	228	21	reject	reject	VERB
cblr-2930	228	22	a	a	DET
cblr-2930	228	23	merger	merger	NOUN
cblr-2930	228	24	with	with	ADP
cblr-2930	228	25	company	company	NOUN
cblr-2930	228	26	x	x	NOUN
cblr-2930	228	27	)	)	PUNCT
cblr-2930	228	28	,	,	PUNCT
cblr-2930	228	29	the	the	DET
cblr-2930	228	30	"	"	PUNCT
cblr-2930	228	31	option	option	NOUN
cblr-2930	228	32	that	that	PRON
cblr-2930	228	33	maximizes	maximize	VERB
cblr-2930	228	34	shareholder	shareholder	NOUN
cblr-2930	228	35	value	value	NOUN
cblr-2930	228	36	"	"	PUNCT
cblr-2930	228	37	refers	refer	VERB
cblr-2930	228	38	to	to	ADP
cblr-2930	228	39	the	the	DET
cblr-2930	228	40	option	option	NOUN
cblr-2930	228	41	that	that	PRON
cblr-2930	228	42	creates	create	VERB
cblr-2930	228	43	relatively	relatively	ADV
cblr-2930	228	44	more	more	ADJ
cblr-2930	228	45	shareholder	shareholder	NOUN
cblr-2930	228	46	value	value	NOUN
cblr-2930	228	47	than	than	ADP
cblr-2930	228	48	the	the	DET
cblr-2930	228	49	other	other	ADJ
cblr-2930	228	50	option	option	NOUN
cblr-2930	228	51	,	,	PUNCT
cblr-2930	228	52	not	not	PART
cblr-2930	228	53	to	to	ADP
cblr-2930	228	54	the	the	DET
cblr-2930	228	55	option	option	NOUN
cblr-2930	228	56	that	that	PRON
cblr-2930	228	57	maximizes	maximize	VERB
cblr-2930	228	58	shareholder	shareholder	NOUN
cblr-2930	228	59	value	value	NOUN
cblr-2930	228	60	in	in	ADP
cblr-2930	228	61	an	an	DET
cblr-2930	228	62	absolute	absolute	ADJ
cblr-2930	228	63	sense	sense	NOUN
cblr-2930	228	64	(	(	PUNCT
cblr-2930	228	65	which	which	PRON
cblr-2930	228	66	could	could	AUX
cblr-2930	228	67	,	,	PUNCT
cblr-2930	228	68	for	for	ADP
cblr-2930	228	69	example	example	NOUN
cblr-2930	228	70	,	,	PUNCT
cblr-2930	228	71	be	be	AUX
cblr-2930	228	72	a	a	DET
cblr-2930	228	73	merger	merger	NOUN
cblr-2930	228	74	with	with	ADP
cblr-2930	228	75	company	company	PROPN
cblr-2930	228	76	y	y	PROPN
cblr-2930	228	77	,	,	PUNCT
cblr-2930	228	78	an	an	DET
cblr-2930	228	79	option	option	NOUN
cblr-2930	228	80	that	that	PRON
cblr-2930	228	81	may	may	AUX
cblr-2930	228	82	not	not	PART
cblr-2930	228	83	be	be	AUX
cblr-2930	228	84	presented	present	VERB
cblr-2930	228	85	to	to	ADP
cblr-2930	228	86	the	the	DET
cblr-2930	228	87	shareholders	shareholder	NOUN
cblr-2930	228	88	)	)	PUNCT
cblr-2930	228	89	.	.	PUNCT
cblr-2930	229	1	and	and	CCONJ
cblr-2930	229	2	while	while	SCONJ
cblr-2930	229	3	it	it	PRON
cblr-2930	229	4	is	be	AUX
cblr-2930	229	5	obvious	obvious	ADJ
cblr-2930	229	6	that	that	SCONJ
cblr-2930	229	7	with	with	ADP
cblr-2930	229	8	respect	respect	NOUN
cblr-2930	229	9	to	to	ADP
cblr-2930	229	10	mergers	merger	NOUN
cblr-2930	229	11	and	and	CCONJ
cblr-2930	229	12	acquisitions	acquisition	NOUN
cblr-2930	229	13	the	the	DET
cblr-2930	229	14	present	present	ADJ
cblr-2930	229	15	value	value	NOUN
cblr-2930	229	16	of	of	ADP
cblr-2930	229	17	future	future	ADJ
cblr-2930	229	18	cash	cash	NOUN
cblr-2930	229	19	flows	flow	NOUN
cblr-2930	229	20	of	of	ADP
cblr-2930	229	21	one	one	NUM
cblr-2930	229	22	option	option	NOUN
cblr-2930	229	23	is	be	AUX
cblr-2930	229	24	necessarily	necessarily	ADV
cblr-2930	229	25	higher	high	ADJ
cblr-2930	229	26	or	or	CCONJ
cblr-2930	229	27	lower	low	ADJ
cblr-2930	229	28	than	than	ADP
cblr-2930	229	29	the	the	DET
cblr-2930	229	30	value	value	NOUN
cblr-2930	229	31	of	of	ADP
cblr-2930	229	32	the	the	DET
cblr-2930	229	33	alternative	alternative	ADJ
cblr-2930	229	34	option	option	NOUN
cblr-2930	229	35	,	,	PUNCT
cblr-2930	229	36	this	this	PRON
cblr-2930	229	37	is	be	AUX
cblr-2930	229	38	also	also	ADV
cblr-2930	229	39	true	true	ADJ
cblr-2930	229	40	when	when	SCONJ
cblr-2930	229	41	it	it	PRON
cblr-2930	229	42	comes	come	VERB
cblr-2930	229	43	to	to	ADP
cblr-2930	229	44	less	less	ADV
cblr-2930	229	45	dramatic	dramatic	ADJ
cblr-2930	229	46	issues	issue	NOUN
cblr-2930	229	47	that	that	PRON
cblr-2930	229	48	shareholders	shareholder	NOUN
cblr-2930	229	49	vote	vote	VERB
cblr-2930	229	50	on	on	ADP
cblr-2930	229	51	,	,	PUNCT
cblr-2930	229	52	such	such	ADJ
cblr-2930	229	53	as	as	ADP
cblr-2930	229	54	amending	amend	VERB
cblr-2930	229	55	the	the	DET
cblr-2930	229	56	corporate	corporate	ADJ
cblr-2930	229	57	charter	charter	NOUN
cblr-2930	229	58	.	.	PUNCT
cblr-2930	230	1	such	such	ADJ
cblr-2930	230	2	decisions	decision	NOUN
cblr-2930	230	3	,	,	PUNCT
cblr-2930	230	4	too	too	ADV
cblr-2930	230	5	,	,	PUNCT
cblr-2930	230	6	have	have	VERB
cblr-2930	230	7	value	value	NOUN
cblr-2930	230	8	implications	implication	NOUN
cblr-2930	230	9	,	,	PUNCT
cblr-2930	230	10	however	however	ADV
cblr-2930	230	11	small	small	ADJ
cblr-2930	230	12	and	and	CCONJ
cblr-2930	230	13	however	however	ADV
cblr-2930	230	14	difficult	difficult	ADJ
cblr-2930	230	15	it	it	PRON
cblr-2930	230	16	may	may	AUX
cblr-2930	230	17	be	be	AUX
cblr-2930	230	18	to	to	PART
cblr-2930	230	19	estimate	estimate	VERB
cblr-2930	230	20	them	they	PRON
cblr-2930	230	21	.	.	PUNCT
cblr-2930	231	1	see	see	VERB
cblr-2930	231	2	vicente	vicente	PROPN
cblr-2930	231	3	cufiat	cufiat	PROPN
cblr-2930	231	4	et	et	PROPN
cblr-2930	231	5	al	al	PROPN
cblr-2930	231	6	.	.	PROPN
cblr-2930	231	7	,	,	PUNCT
cblr-2930	231	8	the	the	DET
cblr-2930	231	9	vote	vote	NOUN
cblr-2930	231	10	is	be	AUX
cblr-2930	231	11	cast	cast	VERB
cblr-2930	231	12	:	:	PUNCT
cblr-2930	231	13	the	the	DET
cblr-2930	231	14	effect	effect	NOUN
cblr-2930	231	15	of	of	ADP
cblr-2930	231	16	corporate	corporate	ADJ
cblr-2930	231	17	governance	governance	NOUN
cblr-2930	231	18	on	on	ADP
cblr-2930	231	19	shareholder	shareholder	NOUN
cblr-2930	231	20	value	value	NOUN
cblr-2930	231	21	(	(	PUNCT
cblr-2930	231	22	feb	feb	PROPN
cblr-2930	231	23	.	.	PROPN
cblr-2930	231	24	17	17	NUM
cblr-2930	231	25	,	,	PUNCT
cblr-2930	231	26	2010	2010	NUM
cblr-2930	231	27	)	)	PUNCT
cblr-2930	231	28	(	(	PUNCT
cblr-2930	231	29	unpublished	unpublished	ADJ
cblr-2930	231	30	manuscript	manuscript	NOUN
cblr-2930	231	31	)	)	PUNCT
cblr-2930	231	32	,	,	PUNCT
cblr-2930	231	33	available	available	ADJ
cblr-2930	231	34	at	at	ADP
cblr-2930	231	35	http	http	PROPN
cblr-2930	231	36	/	/	SYM
cblr-2930	231	37	ssrn.com/	ssrn.com/	NOUN
cblr-2930	231	38	abstract1555961	abstract1555961	PROPN
cblr-2930	231	39	(	(	PUNCT
cblr-2930	231	40	measuring	measure	VERB
cblr-2930	231	41	abnormal	abnormal	ADJ
cblr-2930	231	42	returns	return	NOUN
cblr-2930	231	43	around	around	ADP
cblr-2930	231	44	the	the	DET
cblr-2930	231	45	passing	passing	NOUN
cblr-2930	231	46	of	of	ADP
cblr-2930	231	47	shareholder	shareholder	NOUN
cblr-2930	231	48	resolutions	resolution	NOUN
cblr-2930	231	49	relating	relate	VERB
cblr-2930	231	50	to	to	ADP
cblr-2930	231	51	corporate	corporate	ADJ
cblr-2930	231	52	governance	governance	NOUN
cblr-2930	231	53	)	)	PUNCT
cblr-2930	231	54	.	.	PUNCT
cblr-2930	232	1	notice	notice	VERB
cblr-2930	232	2	that	that	SCONJ
cblr-2930	232	3	in	in	ADP
cblr-2930	232	4	the	the	DET
cblr-2930	232	5	scholarly	scholarly	ADJ
cblr-2930	232	6	debate	debate	NOUN
cblr-2930	232	7	on	on	ADP
cblr-2930	232	8	market	market	NOUN
cblr-2930	232	9	efficiency	efficiency	NOUN
cblr-2930	232	10	,	,	PUNCT
cblr-2930	232	11	a	a	DET
cblr-2930	232	12	distinction	distinction	NOUN
cblr-2930	232	13	is	be	AUX
cblr-2930	232	14	sometimes	sometimes	ADV
cblr-2930	232	15	made	make	VERB
cblr-2930	232	16	between	between	ADP
cblr-2930	232	17	informational	informational	ADJ
cblr-2930	232	18	efficiency	efficiency	NOUN
cblr-2930	232	19	and	and	CCONJ
cblr-2930	232	20	fundamental	fundamental	ADJ
cblr-2930	232	21	efficiency	efficiency	NOUN
cblr-2930	232	22	.	.	PUNCT
cblr-2930	233	1	an	an	DET
cblr-2930	233	2	informationally	informationally	ADV
cblr-2930	233	3	efficient	efficient	ADJ
cblr-2930	233	4	market	market	NOUN
cblr-2930	233	5	implies	imply	VERB
cblr-2930	233	6	the	the	DET
cblr-2930	233	7	absence	absence	NOUN
cblr-2930	233	8	of	of	ADP
cblr-2930	233	9	a	a	DET
cblr-2930	233	10	profitable	profitable	ADJ
cblr-2930	233	11	trading	trading	NOUN
cblr-2930	233	12	777no	777no	NOUN
cblr-2930	233	13	.	.	PUNCT
cblr-2930	234	1	3:763	3:763	NUM
cblr-2930	234	2	]	]	PUNCT
cblr-2930	234	3	mefchanisms	mefchanism	NOUN
cblr-2930	234	4	of	of	ADP
cblr-2930	234	5	voting	voting	NOUN
cblr-2930	234	6	efficiency	efficiency	NOUN
cblr-2930	234	7	columbia	columbia	PROPN
cblr-2930	234	8	business	business	PROPN
cblr-2930	234	9	law	law	PROPN
cblr-2930	234	10	review	review	NOUN
cblr-2930	234	11	when	when	SCONJ
cblr-2930	234	12	we	we	PRON
cblr-2930	234	13	assume	assume	VERB
cblr-2930	234	14	that	that	SCONJ
cblr-2930	234	15	shareholder	shareholder	NOUN
cblr-2930	234	16	value	value	NOUN
cblr-2930	234	17	maximization	maximization	NOUN
cblr-2930	234	18	is	be	AUX
cblr-2930	234	19	the	the	DET
cblr-2930	234	20	appropriate	appropriate	ADJ
cblr-2930	234	21	objective	objective	NOUN
cblr-2930	234	22	,	,	PUNCT
cblr-2930	234	23	we	we	PRON
cblr-2930	234	24	are	be	AUX
cblr-2930	234	25	presented	present	VERB
cblr-2930	234	26	with	with	ADP
cblr-2930	234	27	the	the	DET
cblr-2930	234	28	question	question	NOUN
cblr-2930	234	29	of	of	ADP
cblr-2930	234	30	how	how	SCONJ
cblr-2930	234	31	shareholder	shareholder	NOUN
cblr-2930	234	32	value	value	NOUN
cblr-2930	234	33	should	should	AUX
cblr-2930	234	34	be	be	AUX
cblr-2930	234	35	measured	measure	VERB
cblr-2930	234	36	.	.	PUNCT
cblr-2930	235	1	some	some	DET
cblr-2930	235	2	proponents	proponent	NOUN
cblr-2930	235	3	of	of	ADP
cblr-2930	235	4	a	a	DET
cblr-2930	235	5	theory	theory	NOUN
cblr-2930	235	6	of	of	ADP
cblr-2930	235	7	corporate	corporate	ADJ
cblr-2930	235	8	voting	voting	NOUN
cblr-2930	235	9	based	base	VERB
cblr-2930	235	10	on	on	ADP
cblr-2930	235	11	the	the	DET
cblr-2930	235	12	jury	jury	NOUN
cblr-2930	235	13	theorem	theorem	NOUN
cblr-2930	235	14	have	have	AUX
cblr-2930	235	15	used	use	VERB
cblr-2930	235	16	share	share	NOUN
cblr-2930	235	17	price	price	NOUN
cblr-2930	235	18	as	as	ADP
cblr-2930	235	19	a	a	DET
cblr-2930	235	20	proxy	proxy	NOUN
cblr-2930	235	21	for	for	ADP
cblr-2930	235	22	shareholder	shareholder	NOUN
cblr-2930	235	23	value	value	NOUN
cblr-2930	235	24	,	,	PUNCT
cblr-2930	235	25	arguing	argue	VERB
cblr-2930	235	26	that	that	SCONJ
cblr-2930	235	27	when	when	SCONJ
cblr-2930	235	28	voters	voter	NOUN
cblr-2930	235	29	face	face	VERB
cblr-2930	235	30	the	the	DET
cblr-2930	235	31	question	question	NOUN
cblr-2930	235	32	whether	whether	SCONJ
cblr-2930	235	33	or	or	CCONJ
cblr-2930	235	34	not	not	PART
cblr-2930	235	35	to	to	PART
cblr-2930	235	36	approve	approve	VERB
cblr-2930	235	37	a	a	DET
cblr-2930	235	38	merger	merger	NOUN
cblr-2930	235	39	,	,	PUNCT
cblr-2930	235	40	the	the	DET
cblr-2930	235	41	"	"	PUNCT
cblr-2930	235	42	right	right	ADJ
cblr-2930	235	43	"	"	PUNCT
cblr-2930	235	44	answer	answer	NOUN
cblr-2930	235	45	is	be	AUX
cblr-2930	235	46	the	the	DET
cblr-2930	235	47	option	option	NOUN
cblr-2930	235	48	that	that	PRON
cblr-2930	235	49	increases	increase	VERB
cblr-2930	235	50	the	the	DET
cblr-2930	235	51	share	share	NOUN
cblr-2930	235	52	price	price	NOUN
cblr-2930	235	53	.	.	PUNCT
cblr-2930	235	54	"	"	PUNCT
cblr-2930	236	1	in	in	ADP
cblr-2930	236	2	light	light	NOUN
cblr-2930	236	3	of	of	ADP
cblr-2930	236	4	this	this	DET
cblr-2930	236	5	article	article	NOUN
cblr-2930	236	6	's	's	PART
cblr-2930	236	7	primary	primary	ADJ
cblr-2930	236	8	goal	goal	NOUN
cblr-2930	236	9	to	to	PART
cblr-2930	236	10	examine	examine	VERB
cblr-2930	236	11	mechanisms	mechanism	NOUN
cblr-2930	236	12	that	that	PRON
cblr-2930	236	13	affect	affect	VERB
cblr-2930	236	14	the	the	DET
cblr-2930	236	15	relative	relative	ADJ
cblr-2930	236	16	efficiency	efficiency	NOUN
cblr-2930	236	17	of	of	ADP
cblr-2930	236	18	voting	voting	NOUN
cblr-2930	236	19	,	,	PUNCT
cblr-2930	236	20	it	it	PRON
cblr-2930	236	21	is	be	AUX
cblr-2930	236	22	not	not	PART
cblr-2930	236	23	necessary	necessary	ADJ
cblr-2930	236	24	to	to	PART
cblr-2930	236	25	measure	measure	VERB
cblr-2930	236	26	voting	voting	NOUN
cblr-2930	236	27	efficiency	efficiency	NOUN
cblr-2930	236	28	in	in	ADP
cblr-2930	236	29	absolute	absolute	ADJ
cblr-2930	236	30	terms	term	NOUN
cblr-2930	236	31	.	.	PUNCT
cblr-2930	237	1	but	but	CCONJ
cblr-2930	237	2	in	in	ADP
cblr-2930	237	3	light	light	NOUN
cblr-2930	237	4	of	of	ADP
cblr-2930	237	5	its	its	PRON
cblr-2930	237	6	secondary	secondary	ADJ
cblr-2930	237	7	goal	goal	NOUN
cblr-2930	237	8	of	of	ADP
cblr-2930	237	9	providing	provide	VERB
cblr-2930	237	10	a	a	DET
cblr-2930	237	11	basis	basis	NOUN
cblr-2930	237	12	for	for	ADP
cblr-2930	237	13	future	future	ADJ
cblr-2930	237	14	empirical	empirical	ADJ
cblr-2930	237	15	research	research	NOUN
cblr-2930	237	16	,	,	PUNCT
cblr-2930	237	17	it	it	PRON
cblr-2930	237	18	is	be	AUX
cblr-2930	237	19	important	important	ADJ
cblr-2930	237	20	to	to	PART
cblr-2930	237	21	at	at	ADV
cblr-2930	237	22	least	least	ADJ
cblr-2930	237	23	acknowledge	acknowledge	VERB
cblr-2930	237	24	possible	possible	ADJ
cblr-2930	237	25	objections	objection	NOUN
cblr-2930	237	26	to	to	ADP
cblr-2930	237	27	a	a	DET
cblr-2930	237	28	focus	focus	NOUN
cblr-2930	237	29	on	on	ADP
cblr-2930	237	30	market	market	NOUN
cblr-2930	237	31	prices	price	NOUN
cblr-2930	237	32	-	-	PUNCT
cblr-2930	237	33	objections	objection	NOUN
cblr-2930	237	34	that	that	PRON
cblr-2930	237	35	arise	arise	VERB
cblr-2930	237	36	from	from	ADP
cblr-2930	237	37	the	the	DET
cblr-2930	237	38	fact	fact	NOUN
cblr-2930	237	39	that	that	SCONJ
cblr-2930	237	40	market	market	NOUN
cblr-2930	237	41	prices	price	NOUN
cblr-2930	237	42	may	may	AUX
cblr-2930	237	43	deviate	deviate	VERB
cblr-2930	237	44	from	from	ADP
cblr-2930	237	45	fundamental	fundamental	ADJ
cblr-2930	237	46	values	value	NOUN
cblr-2930	237	47	.	.	PUNCT
cblr-2930	238	1	in	in	ADP
cblr-2930	238	2	particular	particular	ADJ
cblr-2930	238	3	,	,	PUNCT
cblr-2930	238	4	it	it	PRON
cblr-2930	238	5	might	might	AUX
cblr-2930	238	6	be	be	AUX
cblr-2930	238	7	objected	object	VERB
cblr-2930	238	8	that	that	SCONJ
cblr-2930	238	9	asking	ask	VERB
cblr-2930	238	10	shareholders	shareholder	NOUN
cblr-2930	238	11	to	to	PART
cblr-2930	238	12	judge	judge	VERB
cblr-2930	238	13	which	which	DET
cblr-2930	238	14	option	option	NOUN
cblr-2930	238	15	increases	increase	VERB
cblr-2930	238	16	the	the	DET
cblr-2930	238	17	share	share	NOUN
cblr-2930	238	18	price	price	NOUN
cblr-2930	238	19	introduces	introduce	VERB
cblr-2930	238	20	a	a	DET
cblr-2930	238	21	degree	degree	NOUN
cblr-2930	238	22	of	of	ADP
cblr-2930	238	23	endogeneity	endogeneity	NOUN
cblr-2930	238	24	.	.	PUNCT
cblr-2930	239	1	after	after	ADV
cblr-2930	239	2	all	all	ADV
cblr-2930	239	3	,	,	PUNCT
cblr-2930	239	4	the	the	DET
cblr-2930	239	5	share	share	NOUN
cblr-2930	239	6	price	price	NOUN
cblr-2930	239	7	represents	represent	VERB
cblr-2930	239	8	the	the	DET
cblr-2930	239	9	judgment	judgment	NOUN
cblr-2930	239	10	of	of	ADP
cblr-2930	239	11	the	the	DET
cblr-2930	239	12	market	market	NOUN
cblr-2930	239	13	about	about	ADP
cblr-2930	239	14	the	the	DET
cblr-2930	239	15	value	value	NOUN
cblr-2930	239	16	of	of	ADP
cblr-2930	239	17	the	the	DET
cblr-2930	239	18	firm	firm	NOUN
cblr-2930	239	19	.	.	PUNCT
cblr-2930	240	1	shareholders	shareholder	NOUN
cblr-2930	240	2	,	,	PUNCT
cblr-2930	240	3	then	then	ADV
cblr-2930	240	4	,	,	PUNCT
cblr-2930	240	5	are	be	AUX
cblr-2930	240	6	essentially	essentially	ADV
cblr-2930	240	7	asked	ask	VERB
cblr-2930	240	8	to	to	PART
cblr-2930	240	9	judge	judge	VERB
cblr-2930	240	10	how	how	SCONJ
cblr-2930	240	11	the	the	DET
cblr-2930	240	12	market	market	NOUN
cblr-2930	240	13	,	,	PUNCT
cblr-2930	240	14	including	include	VERB
cblr-2930	240	15	they	they	PRON
cblr-2930	240	16	themselves	themselves	PRON
cblr-2930	240	17	,	,	PUNCT
cblr-2930	240	18	will	will	AUX
cblr-2930	240	19	value	value	VERB
cblr-2930	240	20	the	the	DET
cblr-2930	240	21	firm	firm	NOUN
cblr-2930	240	22	if	if	SCONJ
cblr-2930	240	23	,	,	PUNCT
cblr-2930	240	24	for	for	ADP
cblr-2930	240	25	example	example	NOUN
cblr-2930	240	26	,	,	PUNCT
cblr-2930	240	27	it	it	PRON
cblr-2930	240	28	makes	make	VERB
cblr-2930	240	29	an	an	DET
cblr-2930	240	30	acquisition	acquisition	NOUN
cblr-2930	240	31	.	.	PUNCT
cblr-2930	241	1	this	this	PRON
cblr-2930	241	2	is	be	AUX
cblr-2930	241	3	different	different	ADJ
cblr-2930	241	4	from	from	ADP
cblr-2930	241	5	asking	ask	VERB
cblr-2930	241	6	shareholders	shareholder	NOUN
cblr-2930	241	7	to	to	PART
cblr-2930	241	8	judge	judge	VERB
cblr-2930	241	9	what	what	PRON
cblr-2930	241	10	the	the	DET
cblr-2930	241	11	marginal	marginal	ADJ
cblr-2930	241	12	value	value	NOUN
cblr-2930	241	13	of	of	ADP
cblr-2930	241	14	the	the	DET
cblr-2930	241	15	acquisition	acquisition	NOUN
cblr-2930	241	16	is	be	AUX
cblr-2930	241	17	,	,	PUNCT
cblr-2930	241	18	a	a	DET
cblr-2930	241	19	question	question	NOUN
cblr-2930	241	20	that	that	PRON
cblr-2930	241	21	has	have	VERB
cblr-2930	241	22	a	a	DET
cblr-2930	241	23	fully	fully	ADV
cblr-2930	241	24	exogenous	exogenous	ADJ
cblr-2930	241	25	answer.3	answer.3	ADP
cblr-2930	241	26	6	6	NUM
cblr-2930	241	27	strategy	strategy	NOUN
cblr-2930	241	28	based	base	VERB
cblr-2930	241	29	on	on	ADP
cblr-2930	241	30	publicly	publicly	ADV
cblr-2930	241	31	available	available	ADJ
cblr-2930	241	32	information	information	NOUN
cblr-2930	241	33	,	,	PUNCT
cblr-2930	241	34	whereas	whereas	SCONJ
cblr-2930	241	35	fundamental	fundamental	ADJ
cblr-2930	241	36	efficiency	efficiency	NOUN
cblr-2930	241	37	implies	imply	VERB
cblr-2930	241	38	that	that	SCONJ
cblr-2930	241	39	the	the	DET
cblr-2930	241	40	market	market	NOUN
cblr-2930	241	41	price	price	NOUN
cblr-2930	241	42	represents	represent	VERB
cblr-2930	241	43	the	the	DET
cblr-2930	241	44	best	good	ADJ
cblr-2930	241	45	current	current	ADJ
cblr-2930	241	46	estimate	estimate	NOUN
cblr-2930	241	47	of	of	ADP
cblr-2930	241	48	the	the	DET
cblr-2930	241	49	present	present	ADJ
cblr-2930	241	50	value	value	NOUN
cblr-2930	241	51	of	of	ADP
cblr-2930	241	52	future	future	ADJ
cblr-2930	241	53	cash	cash	NOUN
cblr-2930	241	54	flows	flow	NOUN
cblr-2930	241	55	.	.	PUNCT
cblr-2930	242	1	if	if	SCONJ
cblr-2930	242	2	the	the	DET
cblr-2930	242	3	definition	definition	NOUN
cblr-2930	242	4	of	of	ADP
cblr-2930	242	5	voting	voting	NOUN
cblr-2930	242	6	efficiency	efficiency	NOUN
cblr-2930	242	7	used	use	VERB
cblr-2930	242	8	in	in	ADP
cblr-2930	242	9	this	this	DET
cblr-2930	242	10	article	article	NOUN
cblr-2930	242	11	would	would	AUX
cblr-2930	242	12	need	need	VERB
cblr-2930	242	13	to	to	PART
cblr-2930	242	14	be	be	AUX
cblr-2930	242	15	likened	liken	VERB
cblr-2930	242	16	to	to	ADP
cblr-2930	242	17	one	one	NUM
cblr-2930	242	18	of	of	ADP
cblr-2930	242	19	these	these	DET
cblr-2930	242	20	two	two	NUM
cblr-2930	242	21	interpretations	interpretation	NOUN
cblr-2930	242	22	of	of	ADP
cblr-2930	242	23	market	market	NOUN
cblr-2930	242	24	efficiency	efficiency	NOUN
cblr-2930	242	25	,	,	PUNCT
cblr-2930	242	26	it	it	PRON
cblr-2930	242	27	would	would	AUX
cblr-2930	242	28	presumably	presumably	ADV
cblr-2930	242	29	be	be	AUX
cblr-2930	242	30	closest	close	ADJ
cblr-2930	242	31	to	to	ADP
cblr-2930	242	32	fundamental	fundamental	ADJ
cblr-2930	242	33	efficiency	efficiency	NOUN
cblr-2930	242	34	.	.	PUNCT
cblr-2930	243	1	but	but	CCONJ
cblr-2930	243	2	see	see	VERB
cblr-2930	243	3	ronald	ronald	PROPN
cblr-2930	243	4	j.	j.	PROPN
cblr-2930	243	5	gilson	gilson	PROPN
cblr-2930	243	6	&	&	CCONJ
cblr-2930	243	7	reinier	reinier	PROPN
cblr-2930	243	8	kraakman	kraakman	PROPN
cblr-2930	243	9	,	,	PUNCT
cblr-2930	243	10	the	the	DET
cblr-2930	243	11	mechanisms	mechanism	NOUN
cblr-2930	243	12	of	of	ADP
cblr-2930	243	13	market	market	NOUN
cblr-2930	243	14	efficiency	efficiency	NOUN
cblr-2930	243	15	twenty	twenty	NUM
cblr-2930	243	16	years	year	NOUN
cblr-2930	243	17	later	later	ADV
cblr-2930	243	18	:	:	PUNCT
cblr-2930	243	19	the	the	DET
cblr-2930	243	20	hindsight	hindsight	ADJ
cblr-2930	243	21	bias	bias	NOUN
cblr-2930	243	22	,	,	PUNCT
cblr-2930	243	23	28	28	PROPN
cblr-2930	243	24	j.	j.	PROPN
cblr-2930	243	25	corp	corp	PROPN
cblr-2930	243	26	.	.	PROPN
cblr-2930	243	27	l.	l.	PROPN
cblr-2930	243	28	715	715	NUM
cblr-2930	243	29	,	,	PUNCT
cblr-2930	243	30	716	716	NUM
cblr-2930	243	31	n.4	n.4	NOUN
cblr-2930	243	32	(	(	PUNCT
cblr-2930	243	33	2003	2003	NUM
cblr-2930	243	34	)	)	PUNCT
cblr-2930	243	35	(	(	PUNCT
cblr-2930	243	36	expressing	express	VERB
cblr-2930	243	37	skepticism	skepticism	NOUN
cblr-2930	243	38	about	about	ADP
cblr-2930	243	39	the	the	DET
cblr-2930	243	40	usefulness	usefulness	NOUN
cblr-2930	243	41	of	of	ADP
cblr-2930	243	42	the	the	DET
cblr-2930	243	43	distinction	distinction	NOUN
cblr-2930	243	44	between	between	ADP
cblr-2930	243	45	informational	informational	ADJ
cblr-2930	243	46	efficiency	efficiency	NOUN
cblr-2930	243	47	and	and	CCONJ
cblr-2930	243	48	fundamental	fundamental	ADJ
cblr-2930	243	49	efficiency	efficiency	NOUN
cblr-2930	243	50	)	)	PUNCT
cblr-2930	243	51	.	.	PUNCT
cblr-2930	243	52	'	'	PUNCT
cblr-2930	244	1	thompson	thompson	PROPN
cblr-2930	244	2	&	&	CCONJ
cblr-2930	244	3	edelman	edelman	NOUN
cblr-2930	244	4	,	,	PUNCT
cblr-2930	244	5	supra	supra	PROPN
cblr-2930	244	6	note	note	PROPN
cblr-2930	244	7	17	17	NUM
cblr-2930	244	8	,	,	PUNCT
cblr-2930	244	9	at	at	ADP
cblr-2930	244	10	150	150	NUM
cblr-2930	244	11	.	.	PUNCT
cblr-2930	244	12	35	35	NUM
cblr-2930	244	13	see	see	VERB
cblr-2930	244	14	generally	generally	ADV
cblr-2930	244	15	robert	robert	PROPN
cblr-2930	244	16	j.	j.	PROPN
cblr-2930	244	17	shiller	shiller	PROPN
cblr-2930	244	18	,	,	PUNCT
cblr-2930	244	19	irrational	irrational	ADJ
cblr-2930	244	20	exuberance	exuberance	NOUN
cblr-2930	244	21	(	(	PUNCT
cblr-2930	244	22	2005	2005	NUM
cblr-2930	244	23	)	)	PUNCT
cblr-2930	244	24	(	(	PUNCT
cblr-2930	244	25	discussing	discuss	VERB
cblr-2930	244	26	the	the	DET
cblr-2930	244	27	impact	impact	NOUN
cblr-2930	244	28	of	of	ADP
cblr-2930	244	29	structural	structural	ADJ
cblr-2930	244	30	and	and	CCONJ
cblr-2930	244	31	psychological	psychological	ADJ
cblr-2930	244	32	factors	factor	NOUN
cblr-2930	244	33	on	on	ADP
cblr-2930	244	34	market	market	NOUN
cblr-2930	244	35	prices	price	NOUN
cblr-2930	244	36	)	)	PUNCT
cblr-2930	244	37	.	.	PUNCT
cblr-2930	245	1	3	3	NUM
cblr-2930	245	2	see	see	VERB
cblr-2930	245	3	edelman	edelman	NOUN
cblr-2930	245	4	,	,	PUNCT
cblr-2930	245	5	supra	supra	PROPN
cblr-2930	245	6	note	note	PROPN
cblr-2930	245	7	14	14	NUM
cblr-2930	245	8	,	,	PUNCT
cblr-2930	245	9	at	at	ADP
cblr-2930	245	10	338	338	NUM
cblr-2930	245	11	(	(	PUNCT
cblr-2930	245	12	noting	note	VERB
cblr-2930	245	13	that	that	SCONJ
cblr-2930	245	14	the	the	DET
cblr-2930	245	15	information	information	NOUN
cblr-2930	245	16	aggregation	aggregation	NOUN
cblr-2930	245	17	model	model	NOUN
cblr-2930	245	18	requires	require	VERB
cblr-2930	245	19	an	an	DET
cblr-2930	245	20	exogenous	exogenous	ADJ
cblr-2930	245	21	choice	choice	NOUN
cblr-2930	245	22	of	of	ADP
cblr-2930	245	23	the	the	DET
cblr-2930	245	24	right	right	ADJ
cblr-2930	245	25	answer	answer	NOUN
cblr-2930	245	26	)	)	PUNCT
cblr-2930	245	27	.	.	PUNCT
cblr-2930	246	1	778	778	NUM
cblr-2930	247	1	[	[	X
cblr-2930	247	2	vol	vol	NOUN
cblr-2930	247	3	.	.	PUNCT
cblr-2930	247	4	2010	2010	NUM
cblr-2930	248	1	the	the	DET
cblr-2930	248	2	difference	difference	NOUN
cblr-2930	248	3	is	be	AUX
cblr-2930	248	4	subtle	subtle	ADJ
cblr-2930	248	5	but	but	CCONJ
cblr-2930	248	6	relevant	relevant	ADJ
cblr-2930	248	7	.	.	PUNCT
cblr-2930	249	1	suppose	suppose	VERB
cblr-2930	249	2	management	management	NOUN
cblr-2930	249	3	proposes	propose	VERB
cblr-2930	249	4	the	the	DET
cblr-2930	249	5	acquisition	acquisition	NOUN
cblr-2930	249	6	of	of	ADP
cblr-2930	249	7	a	a	DET
cblr-2930	249	8	hyped	hype	VERB
cblr-2930	249	9	internet	internet	NOUN
cblr-2930	249	10	company	company	NOUN
cblr-2930	249	11	for	for	ADP
cblr-2930	249	12	a	a	DET
cblr-2930	249	13	hefty	hefty	ADJ
cblr-2930	249	14	premium	premium	NOUN
cblr-2930	249	15	.	.	PUNCT
cblr-2930	250	1	if	if	SCONJ
cblr-2930	250	2	shareholders	shareholder	NOUN
cblr-2930	250	3	who	who	PRON
cblr-2930	250	4	vote	vote	VERB
cblr-2930	250	5	individually	individually	ADV
cblr-2930	250	6	believe	believe	VERB
cblr-2930	250	7	the	the	DET
cblr-2930	250	8	project	project	NOUN
cblr-2930	250	9	has	have	VERB
cblr-2930	250	10	a	a	DET
cblr-2930	250	11	negative	negative	ADJ
cblr-2930	250	12	net	net	ADJ
cblr-2930	250	13	present	present	ADJ
cblr-2930	250	14	value	value	NOUN
cblr-2930	250	15	but	but	CCONJ
cblr-2930	250	16	expect	expect	VERB
cblr-2930	250	17	the	the	DET
cblr-2930	250	18	market	market	NOUN
cblr-2930	250	19	as	as	ADP
cblr-2930	250	20	a	a	DET
cblr-2930	250	21	whole	whole	NOUN
cblr-2930	250	22	to	to	PART
cblr-2930	250	23	optimistically	optimistically	ADV
cblr-2930	250	24	believe	believe	VERB
cblr-2930	250	25	it	it	PRON
cblr-2930	250	26	has	have	VERB
cblr-2930	250	27	a	a	DET
cblr-2930	250	28	positive	positive	ADJ
cblr-2930	250	29	net	net	ADJ
cblr-2930	250	30	present	present	ADJ
cblr-2930	250	31	value	value	NOUN
cblr-2930	250	32	,	,	PUNCT
cblr-2930	250	33	a	a	DET
cblr-2930	250	34	focus	focus	NOUN
cblr-2930	250	35	on	on	ADP
cblr-2930	250	36	share	share	NOUN
cblr-2930	250	37	price	price	NOUN
cblr-2930	250	38	implies	imply	VERB
cblr-2930	250	39	that	that	SCONJ
cblr-2930	250	40	they	they	PRON
cblr-2930	250	41	will	will	AUX
cblr-2930	250	42	vote	vote	VERB
cblr-2930	250	43	to	to	PART
cblr-2930	250	44	approve	approve	VERB
cblr-2930	250	45	the	the	DET
cblr-2930	250	46	acquisition	acquisition	NOUN
cblr-2930	250	47	,	,	PUNCT
cblr-2930	250	48	which	which	PRON
cblr-2930	250	49	,	,	PUNCT
cblr-2930	250	50	after	after	ADV
cblr-2930	250	51	all	all	ADV
cblr-2930	250	52	,	,	PUNCT
cblr-2930	250	53	is	be	AUX
cblr-2930	250	54	the	the	DET
cblr-2930	250	55	option	option	NOUN
cblr-2930	250	56	that	that	PRON
cblr-2930	250	57	increases	increase	VERB
cblr-2930	250	58	the	the	DET
cblr-2930	250	59	share	share	NOUN
cblr-2930	250	60	price	price	NOUN
cblr-2930	250	61	.	.	PUNCT
cblr-2930	250	62	"	"	PUNCT
cblr-2930	251	1	when	when	SCONJ
cblr-2930	251	2	shareholders	shareholder	NOUN
cblr-2930	251	3	ignore	ignore	VERB
cblr-2930	251	4	their	their	PRON
cblr-2930	251	5	private	private	ADJ
cblr-2930	251	6	information	information	NOUN
cblr-2930	251	7	,	,	PUNCT
cblr-2930	251	8	voting	voting	NOUN
cblr-2930	251	9	efficiency	efficiency	NOUN
cblr-2930	251	10	is	be	AUX
cblr-2930	251	11	undermined	undermine	VERB
cblr-2930	251	12	,	,	PUNCT
cblr-2930	251	13	a	a	DET
cblr-2930	251	14	problem	problem	NOUN
cblr-2930	251	15	we	we	PRON
cblr-2930	251	16	return	return	VERB
cblr-2930	251	17	to	to	ADP
cblr-2930	251	18	later	later	ADV
cblr-2930	251	19	in	in	ADP
cblr-2930	251	20	the	the	DET
cblr-2930	251	21	article	article	NOUN
cblr-2930	251	22	.	.	PUNCT
cblr-2930	252	1	in	in	ADP
cblr-2930	252	2	sum	sum	NOUN
cblr-2930	252	3	,	,	PUNCT
cblr-2930	252	4	while	while	SCONJ
cblr-2930	252	5	this	this	DET
cblr-2930	252	6	article	article	NOUN
cblr-2930	252	7	assumes	assume	VERB
cblr-2930	252	8	that	that	SCONJ
cblr-2930	252	9	shareholder	shareholder	NOUN
cblr-2930	252	10	value	value	NOUN
cblr-2930	252	11	maximization	maximization	NOUN
cblr-2930	252	12	is	be	AUX
cblr-2930	252	13	the	the	DET
cblr-2930	252	14	appropriate	appropriate	ADJ
cblr-2930	252	15	corporate	corporate	ADJ
cblr-2930	252	16	objective	objective	NOUN
cblr-2930	252	17	and	and	CCONJ
cblr-2930	252	18	accordingly	accordingly	ADV
cblr-2930	252	19	deems	deem	VERB
cblr-2930	252	20	voting	vote	VERB
cblr-2930	252	21	efficient	efficient	ADJ
cblr-2930	252	22	when	when	SCONJ
cblr-2930	252	23	a	a	DET
cblr-2930	252	24	majority	majority	NOUN
cblr-2930	252	25	of	of	ADP
cblr-2930	252	26	the	the	DET
cblr-2930	252	27	shares	share	NOUN
cblr-2930	252	28	is	be	AUX
cblr-2930	252	29	voted	vote	VERB
cblr-2930	252	30	in	in	ADP
cblr-2930	252	31	favor	favor	NOUN
cblr-2930	252	32	of	of	ADP
cblr-2930	252	33	the	the	DET
cblr-2930	252	34	option	option	NOUN
cblr-2930	252	35	that	that	PRON
cblr-2930	252	36	maximizes	maximize	VERB
cblr-2930	252	37	shareholder	shareholder	NOUN
cblr-2930	252	38	value	value	NOUN
cblr-2930	252	39	,	,	PUNCT
cblr-2930	252	40	two	two	NUM
cblr-2930	252	41	cautionary	cautionary	ADJ
cblr-2930	252	42	notes	note	NOUN
cblr-2930	252	43	are	be	AUX
cblr-2930	252	44	in	in	ADP
cblr-2930	252	45	order	order	NOUN
cblr-2930	252	46	.	.	PUNCT
cblr-2930	253	1	if	if	SCONJ
cblr-2930	253	2	voting	voting	NOUN
cblr-2930	253	3	is	be	AUX
cblr-2930	253	4	efficient	efficient	ADJ
cblr-2930	253	5	in	in	ADP
cblr-2930	253	6	the	the	DET
cblr-2930	253	7	sense	sense	NOUN
cblr-2930	253	8	that	that	SCONJ
cblr-2930	253	9	shareholder	shareholder	NOUN
cblr-2930	253	10	value	value	NOUN
cblr-2930	253	11	is	be	AUX
cblr-2930	253	12	maximized	maximize	VERB
cblr-2930	253	13	this	this	DET
cblr-2930	253	14	need	need	AUX
cblr-2930	253	15	not	not	PART
cblr-2930	253	16	imply	imply	VERB
cblr-2930	253	17	that	that	SCONJ
cblr-2930	253	18	general	general	ADJ
cblr-2930	253	19	welfare	welfare	NOUN
cblr-2930	253	20	is	be	AUX
cblr-2930	253	21	maximized	maximize	VERB
cblr-2930	253	22	,	,	PUNCT
cblr-2930	253	23	nor	nor	CCONJ
cblr-2930	253	24	need	need	VERB
cblr-2930	253	25	it	it	PRON
cblr-2930	253	26	imply	imply	VERB
cblr-2930	253	27	that	that	SCONJ
cblr-2930	253	28	the	the	DET
cblr-2930	253	29	share	share	NOUN
cblr-2930	253	30	price	price	NOUN
cblr-2930	253	31	is	be	AUX
cblr-2930	253	32	maximized	maximize	VERB
cblr-2930	253	33	.	.	PUNCT
cblr-2930	254	1	with	with	ADP
cblr-2930	254	2	this	this	PRON
cblr-2930	254	3	in	in	ADP
cblr-2930	254	4	mind	mind	NOUN
cblr-2930	254	5	,	,	PUNCT
cblr-2930	254	6	let	let	VERB
cblr-2930	254	7	us	we	PRON
cblr-2930	254	8	turn	turn	VERB
cblr-2930	254	9	to	to	ADP
cblr-2930	254	10	the	the	DET
cblr-2930	254	11	mechanisms	mechanism	NOUN
cblr-2930	254	12	of	of	ADP
cblr-2930	254	13	voting	voting	NOUN
cblr-2930	254	14	efficiency	efficiency	NOUN
cblr-2930	254	15	.	.	PUNCT
cblr-2930	255	1	"	"	PUNCT
cblr-2930	255	2	see	see	VERB
cblr-2930	255	3	patrick	patrick	PROPN
cblr-2930	255	4	bolton	bolton	PROPN
cblr-2930	255	5	,	,	PUNCT
cblr-2930	255	6	jose	jose	PROPN
cblr-2930	255	7	scheinkman	scheinkman	PROPN
cblr-2930	255	8	&	&	CCONJ
cblr-2930	255	9	wei	wei	PROPN
cblr-2930	255	10	xiong	xiong	PROPN
cblr-2930	255	11	,	,	PUNCT
cblr-2930	255	12	executive	executive	NOUN
cblr-2930	255	13	compensation	compensation	NOUN
cblr-2930	255	14	and	and	CCONJ
cblr-2930	255	15	short	short	ADJ
cblr-2930	255	16	-	-	PUNCT
cblr-2930	255	17	termist	termist	NOUN
cblr-2930	255	18	behaviour	behaviour	NOUN
cblr-2930	255	19	in	in	ADP
cblr-2930	255	20	speculative	speculative	ADJ
cblr-2930	255	21	markets	market	NOUN
cblr-2930	255	22	,	,	PUNCT
cblr-2930	255	23	73	73	NUM
cblr-2930	255	24	rev	rev	VERB
cblr-2930	255	25	.	.	PROPN
cblr-2930	255	26	econ	econ	PROPN
cblr-2930	255	27	.	.	PUNCT
cblr-2930	255	28	stud	stud	PROPN
cblr-2930	255	29	.	.	PUNCT
cblr-2930	256	1	577	577	NUM
cblr-2930	256	2	,	,	PUNCT
cblr-2930	256	3	597	597	NUM
cblr-2930	256	4	(	(	PUNCT
cblr-2930	256	5	2006	2006	NUM
cblr-2930	256	6	)	)	PUNCT
cblr-2930	256	7	(	(	PUNCT
cblr-2930	256	8	modeling	model	VERB
cblr-2930	256	9	a	a	DET
cblr-2930	256	10	market	market	NOUN
cblr-2930	256	11	in	in	ADP
cblr-2930	256	12	which	which	PRON
cblr-2930	256	13	investors	investor	NOUN
cblr-2930	256	14	have	have	VERB
cblr-2930	256	15	heterogeneous	heterogeneous	ADJ
cblr-2930	256	16	beliefs	belief	NOUN
cblr-2930	256	17	and	and	CCONJ
cblr-2930	256	18	concluding	conclude	VERB
cblr-2930	256	19	that	that	SCONJ
cblr-2930	256	20	"	"	PUNCT
cblr-2930	256	21	[	[	X
cblr-2930	256	22	wihen	wihen	ADP
cblr-2930	256	23	it	it	PRON
cblr-2930	256	24	is	be	AUX
cblr-2930	256	25	possible	possible	ADJ
cblr-2930	256	26	for	for	SCONJ
cblr-2930	256	27	future	future	ADJ
cblr-2930	256	28	investors	investor	NOUN
cblr-2930	256	29	to	to	PART
cblr-2930	256	30	overvalue	overvalue	VERB
cblr-2930	256	31	the	the	DET
cblr-2930	256	32	firm	firm	NOUN
cblr-2930	256	33	due	due	ADP
cblr-2930	256	34	to	to	ADP
cblr-2930	256	35	their	their	PRON
cblr-2930	256	36	optimism	optimism	NOUN
cblr-2930	256	37	,	,	PUNCT
cblr-2930	256	38	it	it	PRON
cblr-2930	256	39	is	be	AUX
cblr-2930	256	40	in	in	ADP
cblr-2930	256	41	the	the	DET
cblr-2930	256	42	interest	interest	NOUN
cblr-2930	256	43	of	of	ADP
cblr-2930	256	44	current	current	ADJ
cblr-2930	256	45	shareholders	shareholder	NOUN
cblr-2930	256	46	to	to	PART
cblr-2930	256	47	cater	cater	VERB
cblr-2930	256	48	to	to	ADP
cblr-2930	256	49	such	such	ADJ
cblr-2930	256	50	potential	potential	ADJ
cblr-2930	256	51	sentiment	sentiment	NOUN
cblr-2930	256	52	even	even	ADV
cblr-2930	256	53	at	at	ADP
cblr-2930	256	54	the	the	DET
cblr-2930	256	55	expense	expense	NOUN
cblr-2930	256	56	of	of	ADP
cblr-2930	256	57	firm	firm	ADJ
cblr-2930	256	58	long	long	ADJ
cblr-2930	256	59	-	-	PUNCT
cblr-2930	256	60	term	term	NOUN
cblr-2930	256	61	fundamental	fundamental	ADJ
cblr-2930	256	62	value	value	NOUN
cblr-2930	256	63	"	"	PUNCT
cblr-2930	256	64	)	)	PUNCT
cblr-2930	256	65	.	.	PUNCT
cblr-2930	257	1	notice	notice	VERB
cblr-2930	257	2	that	that	SCONJ
cblr-2930	257	3	this	this	DET
cblr-2930	257	4	description	description	NOUN
cblr-2930	257	5	of	of	ADP
cblr-2930	257	6	how	how	SCONJ
cblr-2930	257	7	shareholders	shareholder	NOUN
cblr-2930	257	8	make	make	VERB
cblr-2930	257	9	voting	voting	NOUN
cblr-2930	257	10	decisions	decision	NOUN
cblr-2930	257	11	tracks	track	VERB
cblr-2930	257	12	john	john	PROPN
cblr-2930	257	13	maynard	maynard	PROPN
cblr-2930	257	14	keynes	keynes	PROPN
cblr-2930	257	15	's	's	PART
cblr-2930	257	16	description	description	NOUN
cblr-2930	257	17	of	of	ADP
cblr-2930	257	18	how	how	SCONJ
cblr-2930	257	19	shareholders	shareholder	NOUN
cblr-2930	257	20	make	make	VERB
cblr-2930	257	21	investment	investment	NOUN
cblr-2930	257	22	decisions	decision	NOUN
cblr-2930	257	23	,	,	PUNCT
cblr-2930	257	24	namely	namely	ADV
cblr-2930	257	25	by	by	ADP
cblr-2930	257	26	"	"	PUNCT
cblr-2930	257	27	anticipating	anticipate	VERB
cblr-2930	257	28	what	what	PRON
cblr-2930	257	29	average	average	ADJ
cblr-2930	257	30	opinion	opinion	NOUN
cblr-2930	257	31	expects	expect	VERB
cblr-2930	257	32	the	the	DET
cblr-2930	257	33	average	average	ADJ
cblr-2930	257	34	opinion	opinion	NOUN
cblr-2930	257	35	to	to	PART
cblr-2930	257	36	be	be	AUX
cblr-2930	257	37	.	.	PUNCT
cblr-2930	257	38	"	"	PUNCT
cblr-2930	258	1	john	john	PROPN
cblr-2930	258	2	maynard	maynard	PROPN
cblr-2930	258	3	keynes	keynes	PROPN
cblr-2930	258	4	,	,	PUNCT
cblr-2930	258	5	the	the	DET
cblr-2930	258	6	general	general	ADJ
cblr-2930	258	7	theory	theory	NOUN
cblr-2930	258	8	of	of	ADP
cblr-2930	258	9	employment	employment	NOUN
cblr-2930	258	10	,	,	PUNCT
cblr-2930	258	11	interest	interest	NOUN
cblr-2930	258	12	,	,	PUNCT
cblr-2930	258	13	and	and	CCONJ
cblr-2930	258	14	money	money	NOUN
cblr-2930	258	15	156	156	NUM
cblr-2930	258	16	(	(	PUNCT
cblr-2930	258	17	1935	1935	NUM
cblr-2930	258	18	)	)	PUNCT
cblr-2930	258	19	.	.	PUNCT
cblr-2930	259	1	similar	similar	ADJ
cblr-2930	259	2	problems	problem	NOUN
cblr-2930	259	3	arise	arise	VERB
cblr-2930	259	4	when	when	SCONJ
cblr-2930	259	5	management	management	NOUN
cblr-2930	259	6	is	be	AUX
cblr-2930	259	7	asked	ask	VERB
cblr-2930	259	8	to	to	PART
cblr-2930	259	9	run	run	VERB
cblr-2930	259	10	the	the	DET
cblr-2930	259	11	business	business	NOUN
cblr-2930	259	12	with	with	ADP
cblr-2930	259	13	a	a	DET
cblr-2930	259	14	view	view	NOUN
cblr-2930	259	15	to	to	ADP
cblr-2930	259	16	maximizing	maximize	VERB
cblr-2930	259	17	the	the	DET
cblr-2930	259	18	share	share	NOUN
cblr-2930	259	19	price	price	NOUN
cblr-2930	259	20	.	.	PUNCT
cblr-2930	260	1	see	see	VERB
cblr-2930	260	2	,	,	PUNCT
cblr-2930	260	3	e.g.	e.g.	ADV
cblr-2930	260	4	,	,	PUNCT
cblr-2930	260	5	michael	michael	PROPN
cblr-2930	260	6	c.	c.	PROPN
cblr-2930	260	7	jensen	jensen	PROPN
cblr-2930	260	8	,	,	PUNCT
cblr-2930	260	9	agency	agency	NOUN
cblr-2930	260	10	costs	cost	NOUN
cblr-2930	260	11	of	of	ADP
cblr-2930	260	12	overvalued	overvalued	ADJ
cblr-2930	260	13	equity	equity	NOUN
cblr-2930	260	14	,	,	PUNCT
cblr-2930	260	15	34	34	NUM
cblr-2930	260	16	fin	fin	NOUN
cblr-2930	260	17	.	.	PUNCT
cblr-2930	261	1	mgmt	mgmt	PROPN
cblr-2930	261	2	.	.	PUNCT
cblr-2930	262	1	5	5	NUM
cblr-2930	262	2	,	,	PUNCT
cblr-2930	262	3	6	6	NUM
cblr-2930	262	4	(	(	PUNCT
cblr-2930	262	5	2005	2005	NUM
cblr-2930	262	6	)	)	PUNCT
cblr-2930	262	7	(	(	PUNCT
cblr-2930	262	8	arguing	argue	VERB
cblr-2930	262	9	that	that	SCONJ
cblr-2930	262	10	when	when	SCONJ
cblr-2930	262	11	the	the	DET
cblr-2930	262	12	firm	firm	NOUN
cblr-2930	262	13	's	's	PART
cblr-2930	262	14	equity	equity	NOUN
cblr-2930	262	15	is	be	AUX
cblr-2930	262	16	overvalued	overvalue	VERB
cblr-2930	262	17	,	,	PUNCT
cblr-2930	262	18	management	management	NOUN
cblr-2930	262	19	will	will	AUX
cblr-2930	262	20	become	become	VERB
cblr-2930	262	21	desperate	desperate	ADJ
cblr-2930	262	22	to	to	PART
cblr-2930	262	23	meet	meet	VERB
cblr-2930	262	24	the	the	DET
cblr-2930	262	25	market	market	NOUN
cblr-2930	262	26	's	's	PART
cblr-2930	262	27	unrealistic	unrealistic	ADJ
cblr-2930	262	28	expectations	expectation	NOUN
cblr-2930	262	29	and	and	CCONJ
cblr-2930	262	30	engage	engage	VERB
cblr-2930	262	31	in	in	ADP
cblr-2930	262	32	negative	negative	ADJ
cblr-2930	262	33	net	net	ADJ
cblr-2930	262	34	present	present	ADJ
cblr-2930	262	35	value	value	NOUN
cblr-2930	262	36	investments	investment	NOUN
cblr-2930	262	37	that	that	PRON
cblr-2930	262	38	the	the	DET
cblr-2930	262	39	market	market	NOUN
cblr-2930	262	40	thinks	think	VERB
cblr-2930	262	41	will	will	AUX
cblr-2930	262	42	generate	generate	VERB
cblr-2930	262	43	value	value	NOUN
cblr-2930	262	44	)	)	PUNCT
cblr-2930	262	45	;	;	PUNCT
cblr-2930	262	46	william	william	PROPN
cblr-2930	262	47	w.	w.	PROPN
cblr-2930	262	48	bratton	bratton	PROPN
cblr-2930	262	49	&	&	CCONJ
cblr-2930	262	50	michael	michael	PROPN
cblr-2930	262	51	l.	l.	PROPN
cblr-2930	262	52	wachter	wachter	PROPN
cblr-2930	262	53	,	,	PUNCT
cblr-2930	262	54	the	the	DET
cblr-2930	262	55	case	case	NOUN
cblr-2930	262	56	against	against	ADP
cblr-2930	262	57	shareholder	shareholder	NOUN
cblr-2930	262	58	empowerment	empowerment	NOUN
cblr-2930	262	59	,	,	PUNCT
cblr-2930	262	60	158	158	NUM
cblr-2930	262	61	u.	u.	PROPN
cblr-2930	262	62	pa	pa	PROPN
cblr-2930	262	63	.	.	PUNCT
cblr-2930	262	64	l.	l.	PROPN
cblr-2930	262	65	rev	rev	PROPN
cblr-2930	262	66	.	.	PROPN
cblr-2930	262	67	653	653	NUM
cblr-2930	262	68	(	(	PUNCT
cblr-2930	262	69	2010	2010	NUM
cblr-2930	262	70	)	)	PUNCT
cblr-2930	262	71	.	.	PUNCT
cblr-2930	263	1	no	no	INTJ
cblr-2930	263	2	.	.	PUNCT
cblr-2930	264	1	3:763	3:763	NUM
cblr-2930	264	2	]	]	PUNCT
cblr-2930	264	3	mechanisms	mechanism	NOUN
cblr-2930	264	4	of	of	ADP
cblr-2930	264	5	voting	voting	NOUN
cblr-2930	264	6	efficiency	efficiency	NOUN
cblr-2930	264	7	779	779	NUM
cblr-2930	264	8	ii	ii	NOUN
cblr-2930	264	9	.	.	PUNCT
cblr-2930	265	1	the	the	DET
cblr-2930	265	2	mechanisms	mechanism	NOUN
cblr-2930	265	3	of	of	ADP
cblr-2930	265	4	voting	vote	VERB
cblr-2930	265	5	efficiency	efficiency	NOUN
cblr-2930	265	6	recall	recall	NOUN
cblr-2930	265	7	that	that	SCONJ
cblr-2930	265	8	the	the	DET
cblr-2930	265	9	jury	jury	NOUN
cblr-2930	265	10	theorem	theorem	VERB
cblr-2930	265	11	states	state	NOUN
cblr-2930	265	12	that	that	SCONJ
cblr-2930	265	13	where	where	SCONJ
cblr-2930	265	14	in	in	ADP
cblr-2930	265	15	a	a	DET
cblr-2930	265	16	choice	choice	NOUN
cblr-2930	265	17	between	between	ADP
cblr-2930	265	18	two	two	NUM
cblr-2930	265	19	alternatives	alternative	NOUN
cblr-2930	265	20	voters	voter	NOUN
cblr-2930	265	21	are	be	AUX
cblr-2930	265	22	more	more	ADV
cblr-2930	265	23	likely	likely	ADJ
cblr-2930	265	24	to	to	PART
cblr-2930	265	25	be	be	AUX
cblr-2930	265	26	right	right	ADJ
cblr-2930	265	27	than	than	ADP
cblr-2930	265	28	wrong	wrong	ADJ
cblr-2930	265	29	,	,	PUNCT
cblr-2930	265	30	then	then	ADV
cblr-2930	265	31	as	as	SCONJ
cblr-2930	265	32	the	the	DET
cblr-2930	265	33	number	number	NOUN
cblr-2930	265	34	of	of	ADP
cblr-2930	265	35	voters	voter	NOUN
cblr-2930	265	36	increases	increase	VERB
cblr-2930	265	37	,	,	PUNCT
cblr-2930	265	38	the	the	DET
cblr-2930	265	39	probability	probability	NOUN
cblr-2930	265	40	that	that	SCONJ
cblr-2930	265	41	a	a	DET
cblr-2930	265	42	majority	majority	NOUN
cblr-2930	265	43	vote	vote	NOUN
cblr-2930	265	44	is	be	AUX
cblr-2930	265	45	correct	correct	ADJ
cblr-2930	265	46	tends	tend	VERB
cblr-2930	265	47	toward	toward	ADP
cblr-2930	265	48	certainty	certainty	NOUN
cblr-2930	265	49	.	.	PUNCT
cblr-2930	266	1	the	the	DET
cblr-2930	266	2	reverse	reverse	NOUN
cblr-2930	266	3	,	,	PUNCT
cblr-2930	266	4	however	however	ADV
cblr-2930	266	5	,	,	PUNCT
cblr-2930	266	6	is	be	AUX
cblr-2930	266	7	also	also	ADV
cblr-2930	266	8	true	true	ADJ
cblr-2930	266	9	:	:	PUNCT
cblr-2930	266	10	if	if	SCONJ
cblr-2930	266	11	the	the	DET
cblr-2930	266	12	average	average	ADJ
cblr-2930	266	13	voter	voter	NOUN
cblr-2930	266	14	is	be	AUX
cblr-2930	266	15	more	more	ADV
cblr-2930	266	16	likely	likely	ADJ
cblr-2930	266	17	to	to	PART
cblr-2930	266	18	be	be	AUX
cblr-2930	266	19	wrong	wrong	ADJ
cblr-2930	266	20	than	than	ADP
cblr-2930	266	21	right	right	ADJ
cblr-2930	266	22	,	,	PUNCT
cblr-2930	266	23	adding	add	VERB
cblr-2930	266	24	more	more	ADJ
cblr-2930	266	25	voters	voter	NOUN
cblr-2930	266	26	drives	drive	VERB
cblr-2930	266	27	group	group	NOUN
cblr-2930	266	28	competence	competence	NOUN
cblr-2930	266	29	down	down	ADP
cblr-2930	266	30	to	to	ADP
cblr-2930	266	31	zero	zero	NUM
cblr-2930	266	32	.	.	PUNCT
cblr-2930	267	1	this	this	DET
cblr-2930	267	2	"	"	PUNCT
cblr-2930	267	3	dark	dark	ADJ
cblr-2930	267	4	side	side	NOUN
cblr-2930	267	5	"	"	PUNCT
cblr-2930	267	6	of	of	ADP
cblr-2930	267	7	the	the	DET
cblr-2930	267	8	jury	jury	NOUN
cblr-2930	267	9	theorem	theorem	VERB
cblr-2930	267	10	,	,	PUNCT
cblr-2930	267	11	as	as	SCONJ
cblr-2930	267	12	sunstein	sunstein	NOUN
cblr-2930	267	13	refers	refer	VERB
cblr-2930	267	14	to	to	ADP
cblr-2930	267	15	it	it	PRON
cblr-2930	267	16	,	,	PUNCT
cblr-2930	267	17	raises	raise	VERB
cblr-2930	267	18	the	the	DET
cblr-2930	267	19	question	question	NOUN
cblr-2930	267	20	'	'	PUNCT
cblr-2930	267	21	of	of	ADP
cblr-2930	267	22	whether	whether	SCONJ
cblr-2930	267	23	shareholders	shareholder	NOUN
cblr-2930	267	24	are	be	AUX
cblr-2930	267	25	indeed	indeed	ADV
cblr-2930	267	26	more	more	ADV
cblr-2930	267	27	likely	likely	ADJ
cblr-2930	267	28	to	to	PART
cblr-2930	267	29	be	be	AUX
cblr-2930	267	30	right	right	ADJ
cblr-2930	267	31	than	than	ADP
cblr-2930	267	32	wrong	wrong	ADJ
cblr-2930	267	33	.	.	PUNCT
cblr-2930	268	1	this	this	DET
cblr-2930	268	2	part	part	NOUN
cblr-2930	268	3	identifies	identify	VERB
cblr-2930	268	4	and	and	CCONJ
cblr-2930	268	5	explores	explore	VERB
cblr-2930	268	6	four	four	NUM
cblr-2930	268	7	mechanisms	mechanism	NOUN
cblr-2930	268	8	that	that	PRON
cblr-2930	268	9	increase	increase	VERB
cblr-2930	268	10	the	the	DET
cblr-2930	268	11	probability	probability	NOUN
cblr-2930	268	12	that	that	SCONJ
cblr-2930	268	13	shareholders	shareholder	NOUN
cblr-2930	268	14	are	be	AUX
cblr-2930	268	15	right	right	ADJ
cblr-2930	268	16	,	,	PUNCT
cblr-2930	268	17	i.e.	i.e.	X
cblr-2930	268	18	,	,	PUNCT
cblr-2930	268	19	that	that	SCONJ
cblr-2930	268	20	collectively	collectively	ADV
cblr-2930	268	21	they	they	PRON
cblr-2930	268	22	vote	vote	VERB
cblr-2930	268	23	for	for	ADP
cblr-2930	268	24	the	the	DET
cblr-2930	268	25	option	option	NOUN
cblr-2930	268	26	that	that	PRON
cblr-2930	268	27	maximizes	maximize	VERB
cblr-2930	268	28	shareholder	shareholder	NOUN
cblr-2930	268	29	value	value	NOUN
cblr-2930	268	30	:	:	PUNCT
cblr-2930	268	31	informed	informed	ADJ
cblr-2930	268	32	voting	voting	NOUN
cblr-2930	268	33	,	,	PUNCT
cblr-2930	268	34	rational	rational	ADJ
cblr-2930	268	35	voting	voting	NOUN
cblr-2930	268	36	,	,	PUNCT
cblr-2930	268	37	independent	independent	ADJ
cblr-2930	268	38	voting	voting	NOUN
cblr-2930	268	39	;	;	PUNCT
cblr-2930	268	40	and	and	CCONJ
cblr-2930	268	41	sincere	sincere	ADJ
cblr-2930	268	42	voting	voting	NOUN
cblr-2930	268	43	.	.	PUNCT
cblr-2930	269	1	a.	a.	PROPN
cblr-2930	269	2	informed	inform	VERB
cblr-2930	269	3	voting	vote	VERB
cblr-2930	269	4	the	the	DET
cblr-2930	269	5	first	first	ADJ
cblr-2930	269	6	reason	reason	NOUN
cblr-2930	269	7	why	why	SCONJ
cblr-2930	269	8	shareholders	shareholder	NOUN
cblr-2930	269	9	are	be	AUX
cblr-2930	269	10	more	more	ADV
cblr-2930	269	11	likely	likely	ADJ
cblr-2930	269	12	to	to	PART
cblr-2930	269	13	be	be	AUX
cblr-2930	269	14	right	right	ADJ
cblr-2930	269	15	than	than	ADP
cblr-2930	269	16	wrong	wrong	ADJ
cblr-2930	269	17	is	be	AUX
cblr-2930	269	18	that	that	SCONJ
cblr-2930	269	19	they	they	PRON
cblr-2930	269	20	will	will	AUX
cblr-2930	269	21	generally	generally	ADV
cblr-2930	269	22	base	base	VERB
cblr-2930	269	23	their	their	PRON
cblr-2930	269	24	voting	voting	NOUN
cblr-2930	269	25	decisions	decision	NOUN
cblr-2930	269	26	on	on	ADP
cblr-2930	269	27	one	one	NUM
cblr-2930	269	28	or	or	CCONJ
cblr-2930	269	29	more	more	ADJ
cblr-2930	269	30	pieces	piece	NOUN
cblr-2930	269	31	of	of	ADP
cblr-2930	269	32	information	information	NOUN
cblr-2930	269	33	.	.	PUNCT
cblr-2930	270	1	the	the	DET
cblr-2930	270	2	amount	amount	NOUN
cblr-2930	270	3	of	of	ADP
cblr-2930	270	4	information	information	NOUN
cblr-2930	270	5	that	that	PRON
cblr-2930	270	6	is	be	AUX
cblr-2930	270	7	available	available	ADJ
cblr-2930	270	8	will	will	AUX
cblr-2930	270	9	depend	depend	VERB
cblr-2930	270	10	on	on	ADP
cblr-2930	270	11	such	such	ADJ
cblr-2930	270	12	factors	factor	NOUN
cblr-2930	270	13	as	as	ADP
cblr-2930	270	14	the	the	DET
cblr-2930	270	15	stringency	stringency	NOUN
cblr-2930	270	16	of	of	ADP
cblr-2930	270	17	issuer	issuer	ADJ
cblr-2930	270	18	disclosure	disclosure	NOUN
cblr-2930	270	19	requirements	requirement	NOUN
cblr-2930	270	20	,	,	PUNCT
cblr-2930	270	21	analyst	analyst	NOUN
cblr-2930	270	22	following	following	NOUN
cblr-2930	270	23	,	,	PUNCT
cblr-2930	270	24	media	medium	NOUN
cblr-2930	270	25	coverage	coverage	NOUN
cblr-2930	270	26	,	,	PUNCT
cblr-2930	270	27	and	and	CCONJ
cblr-2930	270	28	the	the	DET
cblr-2930	270	29	ownership	ownership	NOUN
cblr-2930	270	30	structure	structure	NOUN
cblr-2930	270	31	of	of	ADP
cblr-2930	270	32	the	the	DET
cblr-2930	270	33	firm	firm	NOUN
cblr-2930	270	34	,	,	PUNCT
cblr-2930	270	35	given	give	VERB
cblr-2930	270	36	that	that	SCONJ
cblr-2930	270	37	large	large	ADJ
cblr-2930	270	38	shareholders	shareholder	NOUN
cblr-2930	270	39	generally	generally	ADV
cblr-2930	270	40	have	have	AUX
cblr-2930	270	41	a	a	DET
cblr-2930	270	42	greater	great	ADJ
cblr-2930	270	43	incentive	incentive	NOUN
cblr-2930	270	44	to	to	PART
cblr-2930	270	45	gather	gather	VERB
cblr-2930	270	46	information	information	NOUN
cblr-2930	270	47	.	.	PUNCT
cblr-2930	270	48	"	"	PUNCT
cblr-2930	271	1	it	it	PRON
cblr-2930	271	2	is	be	AUX
cblr-2930	271	3	easy	easy	ADJ
cblr-2930	271	4	to	to	PART
cblr-2930	271	5	see	see	VERB
cblr-2930	271	6	that	that	PRON
cblr-2930	271	7	informed	informed	ADJ
cblr-2930	271	8	voting	voting	NOUN
cblr-2930	271	9	is	be	AUX
cblr-2930	271	10	a	a	DET
cblr-2930	271	11	crucial	crucial	ADJ
cblr-2930	271	12	engine	engine	NOUN
cblr-2930	271	13	of	of	ADP
cblr-2930	271	14	voting	voting	NOUN
cblr-2930	271	15	efficiency	efficiency	NOUN
cblr-2930	271	16	,	,	PUNCT
cblr-2930	271	17	just	just	ADV
cblr-2930	271	18	as	as	SCONJ
cblr-2930	271	19	informed	informed	ADJ
cblr-2930	271	20	trading	trading	NOUN
cblr-2930	271	21	is	be	AUX
cblr-2930	271	22	a	a	DET
cblr-2930	271	23	crucial	crucial	ADJ
cblr-2930	271	24	engine	engine	NOUN
cblr-2930	271	25	of	of	ADP
cblr-2930	271	26	market	market	NOUN
cblr-2930	271	27	efficiency.39	efficiency.39	NOUN
cblr-2930	271	28	but	but	CCONJ
cblr-2930	271	29	we	we	PRON
cblr-2930	271	30	need	need	VERB
cblr-2930	271	31	to	to	PART
cblr-2930	271	32	be	be	AUX
cblr-2930	271	33	specific	specific	ADJ
cblr-2930	271	34	.	.	PUNCT
cblr-2930	272	1	informed	informed	ADJ
cblr-2930	272	2	voting	voting	NOUN
cblr-2930	272	3	is	be	AUX
cblr-2930	272	4	merely	merely	ADV
cblr-2930	272	5	a	a	DET
cblr-2930	272	6	necessary	necessary	ADJ
cblr-2930	272	7	condition	condition	NOUN
cblr-2930	272	8	for	for	ADP
cblr-2930	272	9	efficient	efficient	ADJ
cblr-2930	272	10	voting	voting	NOUN
cblr-2930	272	11	,	,	PUNCT
cblr-2930	272	12	not	not	PART
cblr-2930	272	13	a	a	DET
cblr-2930	272	14	sufficient	sufficient	ADJ
cblr-2930	272	15	condition	condition	NOUN
cblr-2930	272	16	,	,	PUNCT
cblr-2930	272	17	as	as	SCONJ
cblr-2930	272	18	scholars	scholar	NOUN
cblr-2930	272	19	who	who	PRON
cblr-2930	272	20	have	have	AUX
cblr-2930	272	21	made	make	VERB
cblr-2930	272	22	prior	prior	ADV
cblr-2930	272	23	"	"	PUNCT
cblr-2930	272	24	see	see	VERB
cblr-2930	272	25	gilson	gilson	PROPN
cblr-2930	272	26	&	&	CCONJ
cblr-2930	272	27	kraakman	kraakman	PROPN
cblr-2930	272	28	,	,	PUNCT
cblr-2930	272	29	supra	supra	PROPN
cblr-2930	272	30	note	note	NOUN
cblr-2930	272	31	6	6	NUM
cblr-2930	272	32	,	,	PUNCT
cblr-2930	272	33	at	at	ADP
cblr-2930	272	34	593	593	NUM
cblr-2930	272	35	(	(	PUNCT
cblr-2930	272	36	identifying	identify	VERB
cblr-2930	272	37	the	the	DET
cblr-2930	272	38	cost	cost	NOUN
cblr-2930	272	39	of	of	ADP
cblr-2930	272	40	information	information	NOUN
cblr-2930	272	41	as	as	ADP
cblr-2930	272	42	determinant	determinant	ADJ
cblr-2930	272	43	of	of	ADP
cblr-2930	272	44	its	its	PRON
cblr-2930	272	45	distribution	distribution	NOUN
cblr-2930	272	46	)	)	PUNCT
cblr-2930	272	47	.	.	PUNCT
cblr-2930	273	1	see	see	VERB
cblr-2930	273	2	generally	generally	ADV
cblr-2930	273	3	andrei	andrei	PROPN
cblr-2930	273	4	shleifer	shleifer	PROPN
cblr-2930	273	5	&	&	CCONJ
cblr-2930	273	6	robert	robert	PROPN
cblr-2930	273	7	w.	w.	PROPN
cblr-2930	273	8	vishny	vishny	PROPN
cblr-2930	273	9	,	,	PUNCT
cblr-2930	273	10	large	large	ADJ
cblr-2930	273	11	shareholders	shareholder	NOUN
cblr-2930	273	12	and	and	CCONJ
cblr-2930	273	13	corporate	corporate	ADJ
cblr-2930	273	14	control	control	NOUN
cblr-2930	273	15	,	,	PUNCT
cblr-2930	273	16	94	94	NUM
cblr-2930	273	17	j.	j.	PROPN
cblr-2930	273	18	pol	pol	PROPN
cblr-2930	273	19	.	.	PUNCT
cblr-2930	273	20	econ	econ	PROPN
cblr-2930	273	21	.	.	PUNCT
cblr-2930	274	1	461	461	NUM
cblr-2930	274	2	(	(	PUNCT
cblr-2930	274	3	1986	1986	NUM
cblr-2930	274	4	)	)	PUNCT
cblr-2930	274	5	(	(	PUNCT
cblr-2930	274	6	discussing	discuss	VERB
cblr-2930	274	7	incentives	incentive	NOUN
cblr-2930	274	8	of	of	ADP
cblr-2930	274	9	large	large	ADJ
cblr-2930	274	10	shareholders	shareholder	NOUN
cblr-2930	274	11	)	)	PUNCT
cblr-2930	274	12	.	.	PUNCT
cblr-2930	274	13	"	"	PUNCT
cblr-2930	275	1	see	see	VERB
cblr-2930	275	2	gilson	gilson	PROPN
cblr-2930	275	3	&	&	CCONJ
cblr-2930	275	4	kraakman	kraakman	PROPN
cblr-2930	275	5	,	,	PUNCT
cblr-2930	275	6	supra	supra	PROPN
cblr-2930	275	7	note	note	NOUN
cblr-2930	275	8	6	6	NUM
cblr-2930	275	9	,	,	PUNCT
cblr-2930	275	10	at	at	ADP
cblr-2930	275	11	569	569	NUM
cblr-2930	275	12	-	-	SYM
cblr-2930	275	13	70	70	NUM
cblr-2930	275	14	.	.	PUNCT
cblr-2930	276	1	see	see	VERB
cblr-2930	276	2	generally	generally	ADV
cblr-2930	276	3	sam	sam	PROPN
cblr-2930	276	4	peltzman	peltzman	PROPN
cblr-2930	276	5	,	,	PUNCT
cblr-2930	276	6	how	how	SCONJ
cblr-2930	276	7	efficient	efficient	ADJ
cblr-2930	276	8	is	be	AUX
cblr-2930	276	9	the	the	DET
cblr-2930	276	10	voting	voting	NOUN
cblr-2930	276	11	market	market	NOUN
cblr-2930	276	12	?	?	PUNCT
cblr-2930	276	13	,	,	PUNCT
cblr-2930	276	14	33	33	NUM
cblr-2930	276	15	j.	j.	PROPN
cblr-2930	276	16	l.	l.	PROPN
cblr-2930	276	17	&	&	CCONJ
cblr-2930	276	18	econ	econ	PROPN
cblr-2930	276	19	.	.	PUNCT
cblr-2930	277	1	27	27	NUM
cblr-2930	277	2	(	(	PUNCT
cblr-2930	277	3	1990	1990	NUM
cblr-2930	277	4	)	)	PUNCT
cblr-2930	277	5	(	(	PUNCT
cblr-2930	277	6	analyzing	analyze	VERB
cblr-2930	277	7	the	the	DET
cblr-2930	277	8	relationship	relationship	NOUN
cblr-2930	277	9	between	between	ADP
cblr-2930	277	10	informed	informed	ADJ
cblr-2930	277	11	voting	voting	NOUN
cblr-2930	277	12	and	and	CCONJ
cblr-2930	277	13	voting	voting	NOUN
cblr-2930	277	14	efficiency	efficiency	NOUN
cblr-2930	277	15	in	in	ADP
cblr-2930	277	16	the	the	DET
cblr-2930	277	17	political	political	ADJ
cblr-2930	277	18	context	context	NOUN
cblr-2930	277	19	)	)	PUNCT
cblr-2930	277	20	.	.	PUNCT
cblr-2930	278	1	col	col	PROPN
cblr-2930	278	2	umbia	umbia	PROPN
cblr-2930	278	3	b	b	PROPN
cblr-2930	278	4	usiness	usiness	PROPN
cblr-2930	278	5	la	la	PROPN
cblr-2930	278	6	w	w	PROPN
cblr-2930	278	7	re	re	PROPN
cblr-2930	278	8	vie	vie	PROPN
cblr-2930	278	9	w	w	PROPN
cblr-2930	279	1	[	[	X
cblr-2930	279	2	vol	vol	NOUN
cblr-2930	279	3	.	.	NOUN
cblr-2930	279	4	2010780	2010780	NUM
cblr-2930	279	5	mechanisms	mechanism	NOUN
cblr-2930	279	6	of	of	ADP
cblr-2930	279	7	voting	vote	VERB
cblr-2930	279	8	efficiency	efficiency	NOUN
cblr-2930	279	9	attempts	attempt	NOUN
cblr-2930	279	10	to	to	PART
cblr-2930	279	11	study	study	VERB
cblr-2930	279	12	voting	voting	NOUN
cblr-2930	279	13	efficiency	efficiency	NOUN
cblr-2930	279	14	seem	seem	VERB
cblr-2930	279	15	to	to	PART
cblr-2930	279	16	suggest.4	suggest.4	VERB
cblr-2930	279	17	0	0	PUNCT
cblr-2930	280	1	what	what	PRON
cblr-2930	280	2	if	if	SCONJ
cblr-2930	280	3	shareholders	shareholder	NOUN
cblr-2930	280	4	have	have	VERB
cblr-2930	280	5	information	information	NOUN
cblr-2930	280	6	but	but	CCONJ
cblr-2930	280	7	fail	fail	VERB
cblr-2930	280	8	to	to	PART
cblr-2930	280	9	process	process	VERB
cblr-2930	280	10	it	it	PRON
cblr-2930	280	11	rationally	rationally	ADV
cblr-2930	280	12	?	?	PUNCT
cblr-2930	281	1	what	what	PRON
cblr-2930	281	2	if	if	SCONJ
cblr-2930	281	3	they	they	PRON
cblr-2930	281	4	have	have	VERB
cblr-2930	281	5	information	information	NOUN
cblr-2930	281	6	that	that	PRON
cblr-2930	281	7	originates	originate	VERB
cblr-2930	281	8	from	from	ADP
cblr-2930	281	9	the	the	DET
cblr-2930	281	10	same	same	ADJ
cblr-2930	281	11	source	source	NOUN
cblr-2930	281	12	and	and	CCONJ
cblr-2930	281	13	paints	paint	VERB
cblr-2930	281	14	an	an	DET
cblr-2930	281	15	inaccurate	inaccurate	ADJ
cblr-2930	281	16	picture	picture	NOUN
cblr-2930	281	17	?	?	PUNCT
cblr-2930	282	1	what	what	PRON
cblr-2930	282	2	if	if	SCONJ
cblr-2930	282	3	they	they	PRON
cblr-2930	282	4	have	have	VERB
cblr-2930	282	5	information	information	NOUN
cblr-2930	282	6	but	but	CCONJ
cblr-2930	282	7	purposely	purposely	ADV
cblr-2930	282	8	ignore	ignore	VERB
cblr-2930	282	9	it	it	PRON
cblr-2930	282	10	?	?	PUNCT
cblr-2930	283	1	as	as	SCONJ
cblr-2930	283	2	we	we	PRON
cblr-2930	283	3	will	will	AUX
cblr-2930	283	4	see	see	VERB
cblr-2930	283	5	below	below	ADV
cblr-2930	283	6	,	,	PUNCT
cblr-2930	283	7	the	the	DET
cblr-2930	283	8	mechanism	mechanism	NOUN
cblr-2930	283	9	of	of	ADP
cblr-2930	283	10	informed	informed	ADJ
cblr-2930	283	11	voting	voting	NOUN
cblr-2930	283	12	must	must	AUX
cblr-2930	283	13	be	be	AUX
cblr-2930	283	14	complemented	complement	VERB
cblr-2930	283	15	by	by	ADP
cblr-2930	283	16	mechanisms	mechanism	NOUN
cblr-2930	283	17	addressing	address	VERB
cblr-2930	283	18	these	these	DET
cblr-2930	283	19	concerns	concern	NOUN
cblr-2930	283	20	.	.	PUNCT
cblr-2930	284	1	b.	b.	PROPN
cblr-2930	284	2	rational	rational	ADJ
cblr-2930	284	3	voting	voting	NOUN
cblr-2930	284	4	for	for	SCONJ
cblr-2930	284	5	shareholders	shareholder	NOUN
cblr-2930	284	6	to	to	PART
cblr-2930	284	7	make	make	VERB
cblr-2930	284	8	the	the	DET
cblr-2930	284	9	right	right	ADJ
cblr-2930	284	10	decisions	decision	NOUN
cblr-2930	284	11	,	,	PUNCT
cblr-2930	284	12	they	they	PRON
cblr-2930	284	13	need	need	VERB
cblr-2930	284	14	to	to	PART
cblr-2930	284	15	process	process	VERB
cblr-2930	284	16	their	their	PRON
cblr-2930	284	17	information	information	NOUN
cblr-2930	284	18	rationally	rationally	ADV
cblr-2930	284	19	.	.	PUNCT
cblr-2930	285	1	when	when	SCONJ
cblr-2930	285	2	it	it	PRON
cblr-2930	285	3	comes	come	VERB
cblr-2930	285	4	to	to	ADP
cblr-2930	285	5	investment	investment	NOUN
cblr-2930	285	6	decisions	decision	NOUN
cblr-2930	285	7	as	as	ADV
cblr-2930	285	8	well	well	ADV
cblr-2930	285	9	as	as	ADP
cblr-2930	285	10	voting	voting	NOUN
cblr-2930	285	11	decisions	decision	NOUN
cblr-2930	285	12	,	,	PUNCT
cblr-2930	285	13	information	information	NOUN
cblr-2930	285	14	processing	processing	NOUN
cblr-2930	285	15	is	be	AUX
cblr-2930	285	16	not	not	PART
cblr-2930	285	17	just	just	ADV
cblr-2930	285	18	important	important	ADJ
cblr-2930	285	19	,	,	PUNCT
cblr-2930	285	20	it	it	PRON
cblr-2930	285	21	is	be	AUX
cblr-2930	285	22	extremely	extremely	ADV
cblr-2930	285	23	important	important	ADJ
cblr-2930	285	24	.	.	PUNCT
cblr-2930	286	1	to	to	PART
cblr-2930	286	2	see	see	VERB
cblr-2930	286	3	why	why	SCONJ
cblr-2930	286	4	,	,	PUNCT
cblr-2930	286	5	recall	recall	VERB
cblr-2930	286	6	that	that	SCONJ
cblr-2930	286	7	we	we	PRON
cblr-2930	286	8	characterized	characterize	VERB
cblr-2930	286	9	investment	investment	NOUN
cblr-2930	286	10	decisions	decision	NOUN
cblr-2930	286	11	as	as	ADP
cblr-2930	286	12	judgments	judgment	NOUN
cblr-2930	286	13	on	on	ADP
cblr-2930	286	14	the	the	DET
cblr-2930	286	15	net	net	ADJ
cblr-2930	286	16	present	present	ADJ
cblr-2930	286	17	value	value	NOUN
cblr-2930	286	18	of	of	ADP
cblr-2930	286	19	a	a	DET
cblr-2930	286	20	firm	firm	NOUN
cblr-2930	286	21	's	's	PART
cblr-2930	286	22	future	future	ADJ
cblr-2930	286	23	cash	cash	NOUN
cblr-2930	286	24	flows	flow	NOUN
cblr-2930	286	25	and	and	CCONJ
cblr-2930	286	26	voting	voting	NOUN
cblr-2930	286	27	decisions	decision	NOUN
cblr-2930	286	28	as	as	ADP
cblr-2930	286	29	judgments	judgment	NOUN
cblr-2930	286	30	on	on	ADP
cblr-2930	286	31	the	the	DET
cblr-2930	286	32	value	value	NOUN
cblr-2930	286	33	of	of	ADP
cblr-2930	286	34	a	a	DET
cblr-2930	286	35	real	real	ADJ
cblr-2930	286	36	option	option	NOUN
cblr-2930	286	37	.	.	PUNCT
cblr-2930	287	1	both	both	DET
cblr-2930	287	2	judgments	judgment	NOUN
cblr-2930	287	3	involve	involve	VERB
cblr-2930	287	4	a	a	DET
cblr-2930	287	5	prediction	prediction	NOUN
cblr-2930	287	6	of	of	ADP
cblr-2930	287	7	the	the	DET
cblr-2930	287	8	future	future	NOUN
cblr-2930	287	9	.	.	PUNCT
cblr-2930	288	1	scott	scott	PROPN
cblr-2930	288	2	page	page	PROPN
cblr-2930	288	3	,	,	PUNCT
cblr-2930	288	4	who	who	PRON
cblr-2930	288	5	has	have	AUX
cblr-2930	288	6	written	write	VERB
cblr-2930	288	7	extensively	extensively	ADV
cblr-2930	288	8	on	on	ADP
cblr-2930	288	9	collective	collective	ADJ
cblr-2930	288	10	wisdom	wisdom	NOUN
cblr-2930	288	11	and	and	CCONJ
cblr-2930	288	12	is	be	AUX
cblr-2930	288	13	careful	careful	ADJ
cblr-2930	288	14	to	to	PART
cblr-2930	288	15	distinguish	distinguish	VERB
cblr-2930	288	16	between	between	ADP
cblr-2930	288	17	information	information	NOUN
cblr-2930	288	18	aggregation	aggregation	NOUN
cblr-2930	288	19	and	and	CCONJ
cblr-2930	288	20	prediction	prediction	NOUN
cblr-2930	288	21	,	,	PUNCT
cblr-2930	288	22	makes	make	VERB
cblr-2930	288	23	precisely	precisely	ADV
cblr-2930	288	24	this	this	DET
cblr-2930	288	25	point	point	NOUN
cblr-2930	288	26	when	when	SCONJ
cblr-2930	288	27	he	he	PRON
cblr-2930	288	28	notes	note	VERB
cblr-2930	288	29	that	that	SCONJ
cblr-2930	288	30	"	"	PUNCT
cblr-2930	288	31	[	[	X
cblr-2930	288	32	s]tock	s]tock	ADJ
cblr-2930	288	33	market	market	NOUN
cblr-2930	288	34	prices	price	NOUN
cblr-2930	288	35	and	and	CCONJ
cblr-2930	288	36	election	election	NOUN
cblr-2930	288	37	outcomes	outcome	NOUN
cblr-2930	288	38	are	be	AUX
cblr-2930	288	39	predictions	prediction	NOUN
cblr-2930	288	40	by	by	ADP
cblr-2930	288	41	huge	huge	ADJ
cblr-2930	288	42	numbers	number	NOUN
cblr-2930	288	43	of	of	ADP
cblr-2930	288	44	people	people	NOUN
cblr-2930	288	45	.	.	PUNCT
cblr-2930	289	1	"4	"4	PROPN
cblr-2930	289	2	'	'	PUNCT
cblr-2930	289	3	thus	thus	ADV
cblr-2930	289	4	,	,	PUNCT
cblr-2930	289	5	when	when	SCONJ
cblr-2930	289	6	it	it	PRON
cblr-2930	289	7	comes	come	VERB
cblr-2930	289	8	to	to	ADP
cblr-2930	289	9	making	make	VERB
cblr-2930	289	10	investment	investment	NOUN
cblr-2930	289	11	decisions	decision	NOUN
cblr-2930	289	12	,	,	PUNCT
cblr-2930	289	13	it	it	PRON
cblr-2930	289	14	is	be	AUX
cblr-2930	289	15	not	not	PART
cblr-2930	289	16	just	just	ADV
cblr-2930	289	17	a	a	DET
cblr-2930	289	18	matter	matter	NOUN
cblr-2930	289	19	of	of	ADP
cblr-2930	289	20	reading	read	VERB
cblr-2930	289	21	the	the	DET
cblr-2930	289	22	available	available	ADJ
cblr-2930	289	23	information	information	NOUN
cblr-2930	289	24	to	to	PART
cblr-2930	289	25	determine	determine	VERB
cblr-2930	289	26	whether	whether	SCONJ
cblr-2930	289	27	the	the	DET
cblr-2930	289	28	true	true	ADJ
cblr-2930	289	29	state	state	NOUN
cblr-2930	289	30	of	of	ADP
cblr-2930	289	31	the	the	DET
cblr-2930	289	32	world	world	NOUN
cblr-2930	289	33	is	be	AUX
cblr-2930	289	34	a	a	PRON
cblr-2930	289	35	(	(	PUNCT
cblr-2930	289	36	the	the	DET
cblr-2930	289	37	firm	firm	NOUN
cblr-2930	289	38	is	be	AUX
cblr-2930	289	39	worth	worth	ADJ
cblr-2930	289	40	,	,	PUNCT
cblr-2930	289	41	say	say	INTJ
cblr-2930	289	42	,	,	PUNCT
cblr-2930	289	43	more	more	ADJ
cblr-2930	289	44	than	than	ADP
cblr-2930	289	45	one	one	NUM
cblr-2930	289	46	billion	billion	NUM
cblr-2930	289	47	dollars	dollar	NOUN
cblr-2930	289	48	)	)	PUNCT
cblr-2930	289	49	or	or	CCONJ
cblr-2930	289	50	b	b	X
cblr-2930	289	51	(	(	PUNCT
cblr-2930	289	52	the	the	DET
cblr-2930	289	53	firm	firm	NOUN
cblr-2930	289	54	is	be	AUX
cblr-2930	289	55	'	'	PUNCT
cblr-2930	289	56	see	see	VERB
cblr-2930	289	57	thompson	thompson	PROPN
cblr-2930	289	58	&	&	CCONJ
cblr-2930	289	59	edelman	edelman	NOUN
cblr-2930	289	60	,	,	PUNCT
cblr-2930	289	61	supra	supra	PROPN
cblr-2930	289	62	note	note	PROPN
cblr-2930	289	63	17	17	NUM
cblr-2930	289	64	,	,	PUNCT
cblr-2930	289	65	at	at	ADP
cblr-2930	289	66	132	132	NUM
cblr-2930	289	67	,	,	PUNCT
cblr-2930	289	68	150	150	NUM
cblr-2930	289	69	(	(	PUNCT
cblr-2930	289	70	arguing	argue	VERB
cblr-2930	289	71	that	that	SCONJ
cblr-2930	289	72	"	"	PUNCT
cblr-2930	289	73	[	[	X
cblr-2930	289	74	s]hareholder	s]hareholder	NOUN
cblr-2930	289	75	voting	voting	NOUN
cblr-2930	289	76	will	will	AUX
cblr-2930	289	77	satisfy	satisfy	VERB
cblr-2930	289	78	the	the	DET
cblr-2930	289	79	necessary	necessary	ADJ
cblr-2930	289	80	requirements	requirement	NOUN
cblr-2930	289	81	to	to	PART
cblr-2930	289	82	gain	gain	VERB
cblr-2930	289	83	the	the	DET
cblr-2930	289	84	information	information	NOUN
cblr-2930	289	85	advantage	advantage	NOUN
cblr-2930	289	86	as	as	SCONJ
cblr-2930	289	87	structured	structure	VERB
cblr-2930	289	88	in	in	ADP
cblr-2930	289	89	the	the	DET
cblr-2930	289	90	condorcet	condorcet	NOUN
cblr-2930	289	91	theorem	theorem	NOUN
cblr-2930	289	92	"	"	PUNCT
cblr-2930	289	93	and	and	CCONJ
cblr-2930	289	94	that	that	SCONJ
cblr-2930	289	95	"	"	PUNCT
cblr-2930	289	96	[	[	X
cblr-2930	289	97	t]he	t]he	ADV
cblr-2930	289	98	theorem	theorem	VERB
cblr-2930	289	99	's	's	PART
cblr-2930	289	100	premise	premise	NOUN
cblr-2930	289	101	that	that	SCONJ
cblr-2930	289	102	voters	voter	NOUN
cblr-2930	289	103	will	will	AUX
cblr-2930	289	104	expend	expend	VERB
cblr-2930	289	105	effort	effort	NOUN
cblr-2930	289	106	to	to	PART
cblr-2930	289	107	gather	gather	VERB
cblr-2930	289	108	information	information	NOUN
cblr-2930	289	109	is	be	AUX
cblr-2930	289	110	clearly	clearly	ADV
cblr-2930	289	111	satisfied	satisfied	ADJ
cblr-2930	289	112	by	by	ADP
cblr-2930	289	113	large	large	ADJ
cblr-2930	289	114	shareholders	shareholder	NOUN
cblr-2930	289	115	who	who	PRON
cblr-2930	289	116	have	have	VERB
cblr-2930	289	117	an	an	DET
cblr-2930	289	118	economic	economic	ADJ
cblr-2930	289	119	incentive	incentive	NOUN
cblr-2930	289	120	to	to	PART
cblr-2930	289	121	gather	gather	VERB
cblr-2930	289	122	information	information	NOUN
cblr-2930	289	123	"	"	PUNCT
cblr-2930	289	124	)	)	PUNCT
cblr-2930	289	125	;	;	PUNCT
cblr-2930	289	126	kevin	kevin	PROPN
cblr-2930	289	127	a.	a.	PROPN
cblr-2930	289	128	kordana	kordana	PROPN
cblr-2930	289	129	&	&	CCONJ
cblr-2930	289	130	eric	eric	PROPN
cblr-2930	289	131	a.	a.	PROPN
cblr-2930	289	132	posner	posner	PROPN
cblr-2930	289	133	,	,	PUNCT
cblr-2930	289	134	a	a	DET
cblr-2930	289	135	positive	positive	ADJ
cblr-2930	289	136	theory	theory	NOUN
cblr-2930	289	137	of	of	ADP
cblr-2930	289	138	chapter	chapter	NOUN
cblr-2930	289	139	11	11	NUM
cblr-2930	289	140	,	,	PUNCT
cblr-2930	289	141	74	74	NUM
cblr-2930	289	142	n.y.u	n.y.u	NOUN
cblr-2930	289	143	.	.	PUNCT
cblr-2930	290	1	l.	l.	PROPN
cblr-2930	290	2	rev	rev	PROPN
cblr-2930	290	3	.	.	PROPN
cblr-2930	290	4	161	161	NUM
cblr-2930	290	5	,	,	PUNCT
cblr-2930	290	6	168	168	NUM
cblr-2930	290	7	(	(	PUNCT
cblr-2930	290	8	1999	1999	NUM
cblr-2930	290	9	)	)	PUNCT
cblr-2930	290	10	(	(	PUNCT
cblr-2930	290	11	arguing	argue	VERB
cblr-2930	290	12	that	that	SCONJ
cblr-2930	290	13	it	it	PRON
cblr-2930	290	14	is	be	AUX
cblr-2930	290	15	reasonable	reasonable	ADJ
cblr-2930	290	16	to	to	PART
cblr-2930	290	17	assume	assume	VERB
cblr-2930	290	18	that	that	SCONJ
cblr-2930	290	19	the	the	DET
cblr-2930	290	20	individual	individual	ADJ
cblr-2930	290	21	creditor	creditor	NOUN
cblr-2930	290	22	votes	vote	NOUN
cblr-2930	290	23	correctly	correctly	ADV
cblr-2930	290	24	with	with	ADP
cblr-2930	290	25	probability	probability	NOUN
cblr-2930	290	26	greater	great	ADJ
cblr-2930	290	27	than	than	ADP
cblr-2930	290	28	0.5	0.5	NUM
cblr-2930	290	29	because	because	SCONJ
cblr-2930	290	30	"	"	PUNCT
cblr-2930	290	31	a	a	DET
cblr-2930	290	32	completely	completely	ADV
cblr-2930	290	33	uninformed	uninformed	ADJ
cblr-2930	290	34	creditor	creditor	NOUN
cblr-2930	290	35	who	who	PRON
cblr-2930	290	36	flipped	flip	VERB
cblr-2930	290	37	a	a	DET
cblr-2930	290	38	coin	coin	NOUN
cblr-2930	290	39	would	would	AUX
cblr-2930	290	40	vote	vote	VERB
cblr-2930	290	41	correctly	correctly	ADV
cblr-2930	290	42	with	with	ADP
cblr-2930	290	43	a	a	DET
cblr-2930	290	44	probability	probability	NOUN
cblr-2930	290	45	of	of	ADP
cblr-2930	290	46	0.5	0.5	NUM
cblr-2930	290	47	,	,	PUNCT
cblr-2930	290	48	so	so	CCONJ
cblr-2930	290	49	if	if	SCONJ
cblr-2930	290	50	a	a	DET
cblr-2930	290	51	creditor	creditor	NOUN
cblr-2930	290	52	has	have	VERB
cblr-2930	290	53	any	any	DET
cblr-2930	290	54	information	information	NOUN
cblr-2930	290	55	,	,	PUNCT
cblr-2930	290	56	its	its	PRON
cblr-2930	290	57	probability	probability	NOUN
cblr-2930	290	58	will	will	AUX
cblr-2930	290	59	exceed	exceed	VERB
cblr-2930	290	60	0.5	0.5	NUM
cblr-2930	290	61	"	"	PUNCT
cblr-2930	290	62	)	)	PUNCT
cblr-2930	290	63	.	.	PUNCT
cblr-2930	291	1	41	41	NUM
cblr-2930	291	2	scorr	scorr	NOUN
cblr-2930	291	3	page	page	NOUN
cblr-2930	291	4	,	,	PUNCT
cblr-2930	291	5	the	the	DET
cblr-2930	291	6	difference	difference	NOUN
cblr-2930	291	7	:	:	PUNCT
cblr-2930	291	8	how	how	SCONJ
cblr-2930	291	9	the	the	DET
cblr-2930	291	10	power	power	NOUN
cblr-2930	291	11	of	of	ADP
cblr-2930	291	12	diversrry	diversrry	NOUN
cblr-2930	291	13	creates	create	VERB
cblr-2930	291	14	better	well	ADJ
cblr-2930	291	15	groups	group	NOUN
cblr-2930	291	16	,	,	PUNCT
cblr-2930	291	17	firms	firm	NOUN
cblr-2930	291	18	,	,	PUNCT
cblr-2930	291	19	schools	school	NOUN
cblr-2930	291	20	and	and	CCONJ
cblr-2930	291	21	societes	societe	VERB
cblr-2930	291	22	176	176	NUM
cblr-2930	291	23	(	(	PUNCT
cblr-2930	291	24	2007	2007	NUM
cblr-2930	291	25	)	)	PUNCT
cblr-2930	291	26	.	.	PUNCT
cblr-2930	292	1	no	no	INTJ
cblr-2930	292	2	.	.	PUNCT
cblr-2930	293	1	3:763	3:763	NUM
cblr-2930	293	2	]	]	SYM
cblr-2930	293	3	78	78	NUM
cblr-2930	293	4	1	1	NUM
cblr-2930	293	5	worth	worth	ADJ
cblr-2930	293	6	less	less	ADJ
cblr-2930	293	7	than	than	ADP
cblr-2930	293	8	one	one	NUM
cblr-2930	293	9	billion	billion	NUM
cblr-2930	293	10	dollars	dollar	NOUN
cblr-2930	293	11	)	)	PUNCT
cblr-2930	293	12	.	.	PUNCT
cblr-2930	294	1	rather	rather	ADV
cblr-2930	294	2	,	,	PUNCT
cblr-2930	294	3	the	the	DET
cblr-2930	294	4	available	available	ADJ
cblr-2930	294	5	information	information	NOUN
cblr-2930	294	6	,	,	PUNCT
cblr-2930	294	7	which	which	PRON
cblr-2930	294	8	will	will	AUX
cblr-2930	294	9	be	be	AUX
cblr-2930	294	10	incomplete	incomplete	ADJ
cblr-2930	294	11	,	,	PUNCT
cblr-2930	294	12	needs	need	VERB
cblr-2930	294	13	to	to	PART
cblr-2930	294	14	be	be	AUX
cblr-2930	294	15	interpreted	interpret	VERB
cblr-2930	294	16	as	as	ADP
cblr-2930	294	17	part	part	NOUN
cblr-2930	294	18	of	of	ADP
cblr-2930	294	19	the	the	DET
cblr-2930	294	20	complicated	complicated	ADJ
cblr-2930	294	21	task	task	NOUN
cblr-2930	294	22	of	of	ADP
cblr-2930	294	23	predicting	predict	VERB
cblr-2930	294	24	the	the	DET
cblr-2930	294	25	probability	probability	NOUN
cblr-2930	294	26	that	that	SCONJ
cblr-2930	294	27	going	go	VERB
cblr-2930	294	28	forward	forward	ADV
cblr-2930	294	29	,	,	PUNCT
cblr-2930	294	30	the	the	DET
cblr-2930	294	31	firm	firm	NOUN
cblr-2930	294	32	will	will	AUX
cblr-2930	294	33	be	be	AUX
cblr-2930	294	34	able	able	ADJ
cblr-2930	294	35	to	to	PART
cblr-2930	294	36	generate	generate	VERB
cblr-2930	294	37	cash	cash	NOUN
cblr-2930	294	38	flows	flow	VERB
cblr-2930	294	39	the	the	DET
cblr-2930	294	40	present	present	ADJ
cblr-2930	294	41	value	value	NOUN
cblr-2930	294	42	of	of	ADP
cblr-2930	294	43	which	which	PRON
cblr-2930	294	44	exceeds	exceed	VERB
cblr-2930	294	45	one	one	NUM
cblr-2930	294	46	billion	billion	NUM
cblr-2930	294	47	dollars.42	dollars.42	NOUN
cblr-2930	294	48	similarly	similarly	ADV
cblr-2930	294	49	,	,	PUNCT
cblr-2930	294	50	when	when	SCONJ
cblr-2930	294	51	it	it	PRON
cblr-2930	294	52	comes	come	VERB
cblr-2930	294	53	to	to	ADP
cblr-2930	294	54	deciding	decide	VERB
cblr-2930	294	55	whether	whether	SCONJ
cblr-2930	294	56	or	or	CCONJ
cblr-2930	294	57	not	not	PART
cblr-2930	294	58	to	to	PART
cblr-2930	294	59	vote	vote	VERB
cblr-2930	294	60	for	for	ADP
cblr-2930	294	61	a	a	DET
cblr-2930	294	62	merger	merger	NOUN
cblr-2930	294	63	,	,	PUNCT
cblr-2930	294	64	it	it	PRON
cblr-2930	294	65	is	be	AUX
cblr-2930	294	66	not	not	PART
cblr-2930	294	67	a	a	DET
cblr-2930	294	68	matter	matter	NOUN
cblr-2930	294	69	of	of	ADP
cblr-2930	294	70	reading	read	VERB
cblr-2930	294	71	the	the	DET
cblr-2930	294	72	available	available	ADJ
cblr-2930	294	73	information	information	NOUN
cblr-2930	294	74	to	to	PART
cblr-2930	294	75	determine	determine	VERB
cblr-2930	294	76	whether	whether	SCONJ
cblr-2930	294	77	the	the	DET
cblr-2930	294	78	true	true	ADJ
cblr-2930	294	79	state	state	NOUN
cblr-2930	294	80	of	of	ADP
cblr-2930	294	81	the	the	DET
cblr-2930	294	82	world	world	NOUN
cblr-2930	294	83	is	be	AUX
cblr-2930	294	84	a	a	PRON
cblr-2930	294	85	(	(	PUNCT
cblr-2930	294	86	the	the	DET
cblr-2930	294	87	merger	merger	NOUN
cblr-2930	294	88	increases	increase	VERB
cblr-2930	294	89	shareholder	shareholder	NOUN
cblr-2930	294	90	value	value	NOUN
cblr-2930	294	91	)	)	PUNCT
cblr-2930	294	92	or	or	CCONJ
cblr-2930	294	93	b	b	X
cblr-2930	294	94	(	(	PUNCT
cblr-2930	294	95	the	the	DET
cblr-2930	294	96	merger	merger	NOUN
cblr-2930	294	97	decreases	decrease	VERB
cblr-2930	294	98	shareholder	shareholder	NOUN
cblr-2930	294	99	value	value	NOUN
cblr-2930	294	100	)	)	PUNCT
cblr-2930	294	101	.	.	PUNCT
cblr-2930	295	1	rather	rather	ADV
cblr-2930	295	2	,	,	PUNCT
cblr-2930	295	3	the	the	DET
cblr-2930	295	4	information	information	NOUN
cblr-2930	295	5	is	be	AUX
cblr-2930	295	6	the	the	DET
cblr-2930	295	7	starting	starting	NOUN
cblr-2930	295	8	point	point	NOUN
cblr-2930	295	9	for	for	ADP
cblr-2930	295	10	an	an	DET
cblr-2930	295	11	intricate	intricate	ADJ
cblr-2930	295	12	assessment	assessment	NOUN
cblr-2930	295	13	of	of	ADP
cblr-2930	295	14	the	the	DET
cblr-2930	295	15	probability	probability	NOUN
cblr-2930	295	16	that	that	SCONJ
cblr-2930	295	17	,	,	PUNCT
cblr-2930	295	18	going	go	VERB
cblr-2930	295	19	forward	forward	ADV
cblr-2930	295	20	,	,	PUNCT
cblr-2930	295	21	management	management	NOUN
cblr-2930	295	22	will	will	AUX
cblr-2930	295	23	be	be	AUX
cblr-2930	295	24	able	able	ADJ
cblr-2930	295	25	to	to	PART
cblr-2930	295	26	realize	realize	VERB
cblr-2930	295	27	the	the	DET
cblr-2930	295	28	projected	project	VERB
cblr-2930	295	29	synergies	synergy	NOUN
cblr-2930	295	30	.	.	PUNCT
cblr-2930	296	1	in	in	ADP
cblr-2930	296	2	this	this	DET
cblr-2930	296	3	light	light	NOUN
cblr-2930	296	4	,	,	PUNCT
cblr-2930	296	5	it	it	PRON
cblr-2930	296	6	is	be	AUX
cblr-2930	296	7	remarkable	remarkable	ADJ
cblr-2930	296	8	that	that	SCONJ
cblr-2930	296	9	most	most	ADJ
cblr-2930	296	10	scholars	scholar	NOUN
cblr-2930	296	11	simply	simply	ADV
cblr-2930	296	12	assume	assume	VERB
cblr-2930	296	13	that	that	SCONJ
cblr-2930	296	14	when	when	SCONJ
cblr-2930	296	15	voters	voter	NOUN
cblr-2930	296	16	have	have	VERB
cblr-2930	296	17	no	no	DET
cblr-2930	296	18	information	information	NOUN
cblr-2930	296	19	they	they	PRON
cblr-2930	296	20	will	will	AUX
cblr-2930	296	21	vote	vote	VERB
cblr-2930	296	22	at	at	ADP
cblr-2930	296	23	random	random	ADJ
cblr-2930	296	24	,	,	PUNCT
cblr-2930	296	25	and	and	CCONJ
cblr-2930	296	26	that	that	SCONJ
cblr-2930	296	27	when	when	SCONJ
cblr-2930	296	28	they	they	PRON
cblr-2930	296	29	have	have	VERB
cblr-2930	296	30	some	some	DET
cblr-2930	296	31	information	information	NOUN
cblr-2930	296	32	they	they	PRON
cblr-2930	296	33	will	will	AUX
cblr-2930	296	34	process	process	VERB
cblr-2930	296	35	it	it	PRON
cblr-2930	296	36	rationally	rationally	ADV
cblr-2930	296	37	and	and	CCONJ
cblr-2930	296	38	therefore	therefore	ADV
cblr-2930	296	39	be	be	AUX
cblr-2930	296	40	better	well	ADJ
cblr-2930	296	41	than	than	ADP
cblr-2930	296	42	at	at	ADP
cblr-2930	296	43	random.4	random.4	NOUN
cblr-2930	296	44	3	3	NUM
cblr-2930	296	45	condorcet	condorcet	NOUN
cblr-2930	296	46	himself	himself	PRON
cblr-2930	296	47	,	,	PUNCT
cblr-2930	296	48	by	by	ADP
cblr-2930	296	49	contrast	contrast	NOUN
cblr-2930	296	50	,	,	PUNCT
cblr-2930	296	51	acknowledged	acknowledge	VERB
cblr-2930	296	52	the	the	DET
cblr-2930	296	53	possibility	possibility	NOUN
cblr-2930	296	54	that	that	SCONJ
cblr-2930	296	55	voters	voter	NOUN
cblr-2930	296	56	may	may	AUX
cblr-2930	296	57	be	be	AUX
cblr-2930	296	58	worse	bad	ADJ
cblr-2930	296	59	than	than	ADP
cblr-2930	296	60	at	at	ADP
cblr-2930	296	61	random	random	ADJ
cblr-2930	296	62	.	.	PUNCT
cblr-2930	297	1	the	the	DET
cblr-2930	297	2	reason	reason	NOUN
cblr-2930	297	3	,	,	PUNCT
cblr-2930	297	4	he	he	PRON
cblr-2930	297	5	observed	observe	VERB
cblr-2930	297	6	,	,	PUNCT
cblr-2930	297	7	"	"	PUNCT
cblr-2930	297	8	can	can	AUX
cblr-2930	297	9	only	only	ADV
cblr-2930	297	10	be	be	AUX
cblr-2930	297	11	found	find	VERB
cblr-2930	297	12	in	in	ADP
cblr-2930	297	13	the	the	DET
cblr-2930	297	14	prejudices	prejudice	NOUN
cblr-2930	297	15	to	to	PART
cblr-2930	297	16	which	which	PRON
cblr-2930	297	17	this	this	DET
cblr-2930	297	18	voter	voter	NOUN
cblr-2930	297	19	is	be	AUX
cblr-2930	297	20	subject	subject	ADJ
cblr-2930	297	21	.	.	PUNCT
cblr-2930	297	22	"	"	PUNCT
cblr-2930	297	23	"	"	PUNCT
cblr-2930	297	24	this	this	DET
cblr-2930	297	25	observation	observation	NOUN
cblr-2930	297	26	leads	lead	VERB
cblr-2930	297	27	us	we	PRON
cblr-2930	297	28	to	to	ADP
cblr-2930	297	29	42	42	NUM
cblr-2930	297	30	see	see	VERB
cblr-2930	297	31	gilson	gilson	PROPN
cblr-2930	297	32	&	&	CCONJ
cblr-2930	297	33	kraakman	kraakman	PROPN
cblr-2930	297	34	,	,	PUNCT
cblr-2930	297	35	supra	supra	PROPN
cblr-2930	297	36	note	note	NOUN
cblr-2930	297	37	6	6	NUM
cblr-2930	297	38	,	,	PUNCT
cblr-2930	297	39	at	at	ADP
cblr-2930	297	40	580	580	NUM
cblr-2930	297	41	,	,	PUNCT
cblr-2930	297	42	581	581	NUM
cblr-2930	297	43	n.103	n.103	NOUN
cblr-2930	297	44	(	(	PUNCT
cblr-2930	297	45	observing	observe	VERB
cblr-2930	297	46	that	that	SCONJ
cblr-2930	297	47	the	the	DET
cblr-2930	297	48	role	role	NOUN
cblr-2930	297	49	of	of	ADP
cblr-2930	297	50	price	price	NOUN
cblr-2930	297	51	in	in	ADP
cblr-2930	297	52	uninformed	uninformed	ADJ
cblr-2930	297	53	trading	trading	NOUN
cblr-2930	297	54	"	"	PUNCT
cblr-2930	297	55	resembles	resemble	VERB
cblr-2930	297	56	the	the	DET
cblr-2930	297	57	role	role	NOUN
cblr-2930	297	58	of	of	ADP
cblr-2930	297	59	consensus	consensus	NOUN
cblr-2930	297	60	forecast	forecast	NOUN
cblr-2930	297	61	in	in	ADP
cblr-2930	297	62	polls	poll	NOUN
cblr-2930	297	63	of	of	ADP
cblr-2930	297	64	expert	expert	ADJ
cblr-2930	297	65	opinion	opinion	NOUN
cblr-2930	297	66	"	"	PUNCT
cblr-2930	297	67	and	and	CCONJ
cblr-2930	297	68	that	that	SCONJ
cblr-2930	297	69	the	the	DET
cblr-2930	297	70	price	price	NOUN
cblr-2930	297	71	mechanism	mechanism	NOUN
cblr-2930	297	72	"	"	PUNCT
cblr-2930	297	73	permits	permit	VERB
cblr-2930	297	74	prices	price	NOUN
cblr-2930	297	75	,	,	PUNCT
cblr-2930	297	76	in	in	ADP
cblr-2930	297	77	some	some	DET
cblr-2930	297	78	circumstances	circumstance	NOUN
cblr-2930	297	79	,	,	PUNCT
cblr-2930	297	80	to	to	PART
cblr-2930	297	81	reflect	reflect	VERB
cblr-2930	297	82	aggregate	aggregate	VERB
cblr-2930	297	83	-	-	PUNCT
cblr-2930	297	84	or	or	CCONJ
cblr-2930	297	85	consensus	consensus	NOUN
cblr-2930	297	86	-	-	PUNCT
cblr-2930	297	87	forecasts	forecast	NOUN
cblr-2930	297	88	that	that	PRON
cblr-2930	297	89	are	be	AUX
cblr-2930	297	90	nearly	nearly	ADV
cblr-2930	297	91	optimal	optimal	ADJ
cblr-2930	297	92	over	over	ADP
cblr-2930	297	93	the	the	DET
cblr-2930	297	94	long	long	ADJ
cblr-2930	297	95	run	run	NOUN
cblr-2930	297	96	than	than	ADP
cblr-2930	297	97	those	those	PRON
cblr-2930	297	98	of	of	ADP
cblr-2930	297	99	any	any	DET
cblr-2930	297	100	individual	individual	ADJ
cblr-2930	297	101	trader	trader	NOUN
cblr-2930	297	102	"	"	PUNCT
cblr-2930	297	103	)	)	PUNCT
cblr-2930	297	104	.	.	PUNCT
cblr-2930	298	1	this	this	DET
cblr-2930	298	2	observation	observation	NOUN
cblr-2930	298	3	is	be	AUX
cblr-2930	298	4	based	base	VERB
cblr-2930	298	5	in	in	ADP
cblr-2930	298	6	part	part	NOUN
cblr-2930	298	7	on	on	ADP
cblr-2930	298	8	two	two	NUM
cblr-2930	298	9	earlier	early	ADJ
cblr-2930	298	10	finance	finance	NOUN
cblr-2930	298	11	works	work	VERB
cblr-2930	298	12	:	:	PUNCT
cblr-2930	298	13	s.	s.	PROPN
cblr-2930	298	14	sheffrin	sheffrin	PROPN
cblr-2930	298	15	,	,	PUNCT
cblr-2930	298	16	rational	rational	ADJ
cblr-2930	298	17	expectations	expectation	NOUN
cblr-2930	298	18	141	141	NUM
cblr-2930	298	19	-	-	SYM
cblr-2930	298	20	46	46	NUM
cblr-2930	298	21	(	(	PUNCT
cblr-2930	298	22	1983	1983	NUM
cblr-2930	298	23	)	)	PUNCT
cblr-2930	298	24	and	and	CCONJ
cblr-2930	298	25	robert	robert	PROPN
cblr-2930	298	26	e.	e.	PROPN
cblr-2930	298	27	verrechia	verrechia	PROPN
cblr-2930	298	28	,	,	PUNCT
cblr-2930	298	29	on	on	ADP
cblr-2930	298	30	the	the	DET
cblr-2930	298	31	theory	theory	NOUN
cblr-2930	298	32	of	of	ADP
cblr-2930	298	33	market	market	NOUN
cblr-2930	298	34	information	information	NOUN
cblr-2930	298	35	efficiency	efficiency	NOUN
cblr-2930	298	36	,	,	PUNCT
cblr-2930	298	37	1	1	NUM
cblr-2930	298	38	j.	j.	PROPN
cblr-2930	298	39	acct	acct	PROPN
cblr-2930	298	40	.	.	PROPN
cblr-2930	298	41	&	&	CCONJ
cblr-2930	298	42	econ	econ	PROPN
cblr-2930	298	43	.	.	PUNCT
cblr-2930	299	1	77	77	NUM
cblr-2930	299	2	(	(	PUNCT
cblr-2930	299	3	1979	1979	NUM
cblr-2930	299	4	)	)	PUNCT
cblr-2930	299	5	;	;	PUNCT
cblr-2930	299	6	see	see	VERB
cblr-2930	299	7	also	also	ADV
cblr-2930	299	8	page	page	NOUN
cblr-2930	299	9	,	,	PUNCT
cblr-2930	299	10	supra	supra	PROPN
cblr-2930	299	11	note	note	NOUN
cblr-2930	299	12	41	41	NUM
cblr-2930	299	13	,	,	PUNCT
cblr-2930	299	14	at	at	ADP
cblr-2930	299	15	177	177	NUM
cblr-2930	299	16	(	(	PUNCT
cblr-2930	299	17	noting	note	VERB
cblr-2930	299	18	that	that	SCONJ
cblr-2930	299	19	"	"	PUNCT
cblr-2930	299	20	stock	stock	NOUN
cblr-2930	299	21	markets	market	NOUN
cblr-2930	299	22	encapsulate	encapsulate	VERB
cblr-2930	299	23	the	the	DET
cblr-2930	299	24	predictions	prediction	NOUN
cblr-2930	299	25	of	of	ADP
cblr-2930	299	26	a	a	DET
cblr-2930	299	27	crowd	crowd	NOUN
cblr-2930	299	28	of	of	ADP
cblr-2930	299	29	people	people	NOUN
cblr-2930	299	30	about	about	ADP
cblr-2930	299	31	future	future	ADJ
cblr-2930	299	32	dividend	dividend	NOUN
cblr-2930	299	33	streams	stream	NOUN
cblr-2930	299	34	"	"	PUNCT
cblr-2930	299	35	)	)	PUNCT
cblr-2930	299	36	;	;	PUNCT
cblr-2930	299	37	michael	michael	PROPN
cblr-2930	299	38	j.	j.	PROPN
cblr-2930	299	39	mauboussin	mauboussin	PROPN
cblr-2930	299	40	,	,	PUNCT
cblr-2930	299	41	revisiting	revisit	VERB
cblr-2930	299	42	market	market	NOUN
cblr-2930	299	43	efficiency	efficiency	NOUN
cblr-2930	299	44	:	:	PUNCT
cblr-2930	299	45	the	the	DET
cblr-2930	299	46	stock	stock	NOUN
cblr-2930	299	47	market	market	NOUN
cblr-2930	299	48	as	as	ADP
cblr-2930	299	49	a	a	DET
cblr-2930	299	50	complex	complex	ADJ
cblr-2930	299	51	adaptive	adaptive	ADJ
cblr-2930	299	52	system	system	NOUN
cblr-2930	299	53	,	,	PUNCT
cblr-2930	299	54	14	14	NUM
cblr-2930	299	55	j.	j.	PROPN
cblr-2930	299	56	applied	applied	PROPN
cblr-2930	299	57	corp	corp	PROPN
cblr-2930	299	58	.	.	PROPN
cblr-2930	299	59	fin	fin	PROPN
cblr-2930	299	60	.	.	PUNCT
cblr-2930	299	61	8	8	NUM
cblr-2930	299	62	(	(	PUNCT
cblr-2930	299	63	2002	2002	NUM
cblr-2930	299	64	)	)	PUNCT
cblr-2930	299	65	.	.	PUNCT
cblr-2930	300	1	a	a	DET
cblr-2930	300	2	see	see	ADJ
cblr-2930	300	3	supra	supra	PROPN
cblr-2930	300	4	note	note	PROPN
cblr-2930	300	5	40	40	NUM
cblr-2930	300	6	;	;	PUNCT
cblr-2930	300	7	see	see	VERB
cblr-2930	300	8	also	also	ADV
cblr-2930	300	9	william	william	PROPN
cblr-2930	300	10	p.	p.	PROPN
cblr-2930	300	11	bottom	bottom	NOUN
cblr-2930	300	12	,	,	PUNCT
cblr-2930	300	13	krishna	krishna	PROPN
cblr-2930	300	14	ladha	ladha	PROPN
cblr-2930	300	15	&	&	CCONJ
cblr-2930	300	16	gary	gary	PROPN
cblr-2930	300	17	j.	j.	PROPN
cblr-2930	300	18	miller	miller	PROPN
cblr-2930	300	19	,	,	PUNCT
cblr-2930	300	20	propagation	propagation	NOUN
cblr-2930	300	21	of	of	ADP
cblr-2930	300	22	individual	individual	ADJ
cblr-2930	300	23	bias	bias	NOUN
cblr-2930	300	24	through	through	ADP
cblr-2930	300	25	group	group	NOUN
cblr-2930	300	26	judgment	judgment	NOUN
cblr-2930	300	27	:	:	PUNCT
cblr-2930	300	28	error	error	NOUN
cblr-2930	300	29	in	in	ADP
cblr-2930	300	30	the	the	DET
cblr-2930	300	31	treatment	treatment	NOUN
cblr-2930	300	32	of	of	ADP
cblr-2930	300	33	asymmetrically	asymmetrically	ADV
cblr-2930	300	34	informative	informative	ADJ
cblr-2930	300	35	signals	signal	NOUN
cblr-2930	300	36	,	,	PUNCT
cblr-2930	300	37	25	25	NUM
cblr-2930	300	38	j.	j.	PROPN
cblr-2930	300	39	risk	risk	NOUN
cblr-2930	300	40	&	&	CCONJ
cblr-2930	300	41	uncertainty	uncertainty	NOUN
cblr-2930	300	42	147	147	NUM
cblr-2930	300	43	,	,	PUNCT
cblr-2930	300	44	147	147	NUM
cblr-2930	300	45	-	-	SYM
cblr-2930	300	46	48	48	NUM
cblr-2930	300	47	(	(	PUNCT
cblr-2930	300	48	2002	2002	NUM
cblr-2930	300	49	)	)	PUNCT
cblr-2930	300	50	(	(	PUNCT
cblr-2930	300	51	noting	note	VERB
cblr-2930	300	52	that	that	SCONJ
cblr-2930	300	53	the	the	DET
cblr-2930	300	54	emerging	emerge	VERB
cblr-2930	300	55	body	body	NOUN
cblr-2930	300	56	of	of	ADP
cblr-2930	300	57	theory	theory	NOUN
cblr-2930	300	58	on	on	ADP
cblr-2930	300	59	the	the	DET
cblr-2930	300	60	jury	jury	NOUN
cblr-2930	300	61	theorem	theorem	NOUN
cblr-2930	300	62	"	"	PUNCT
cblr-2930	300	63	is	be	AUX
cblr-2930	300	64	based	base	VERB
cblr-2930	300	65	on	on	ADP
cblr-2930	300	66	a	a	DET
cblr-2930	300	67	model	model	NOUN
cblr-2930	300	68	of	of	ADP
cblr-2930	300	69	individual	individual	ADJ
cblr-2930	300	70	judgment	judgment	NOUN
cblr-2930	300	71	that	that	PRON
cblr-2930	300	72	recognizes	recognize	VERB
cblr-2930	300	73	limits	limit	NOUN
cblr-2930	300	74	on	on	ADP
cblr-2930	300	75	the	the	DET
cblr-2930	300	76	information	information	NOUN
cblr-2930	300	77	available	available	ADJ
cblr-2930	300	78	to	to	ADP
cblr-2930	300	79	individuals	individual	NOUN
cblr-2930	300	80	though	though	SCONJ
cblr-2930	300	81	it	it	PRON
cblr-2930	300	82	does	do	AUX
cblr-2930	300	83	not	not	PART
cblr-2930	300	84	address	address	VERB
cblr-2930	300	85	limitations	limitation	NOUN
cblr-2930	300	86	on	on	ADP
cblr-2930	300	87	their	their	PRON
cblr-2930	300	88	ability	ability	NOUN
cblr-2930	300	89	to	to	PART
cblr-2930	300	90	process	process	VERB
cblr-2930	300	91	information	information	NOUN
cblr-2930	300	92	"	"	PUNCT
cblr-2930	300	93	)	)	PUNCT
cblr-2930	300	94	.	.	PUNCT
cblr-2930	300	95	"	"	PUNCT
cblr-2930	301	1	condorcet	condorcet	PROPN
cblr-2930	301	2	,	,	PUNCT
cblr-2930	301	3	selected	select	VERB
cblr-2930	301	4	writings	writing	NOUN
cblr-2930	301	5	62	62	NUM
cblr-2930	301	6	(	(	PUNCT
cblr-2930	301	7	keith	keith	PROPN
cblr-2930	301	8	michael	michael	PROPN
cblr-2930	301	9	baker	baker	PROPN
cblr-2930	301	10	ed	ed	PROPN
cblr-2930	301	11	.	.	PROPN
cblr-2930	301	12	,	,	PUNCT
cblr-2930	301	13	1976	1976	NUM
cblr-2930	301	14	)	)	PUNCT
cblr-2930	301	15	.	.	PUNCT
cblr-2930	302	1	782	782	NUM
cblr-2930	302	2	coluama	coluama	NOUN
cblr-2930	302	3	b	b	NUM
cblr-2930	302	4	usiness	usiness	NOUN
cblr-2930	302	5	la	la	PROPN
cblr-2930	302	6	w	w	PROPN
cblr-2930	302	7	re	re	PROPN
cblr-2930	302	8	vie	vie	PROPN
cblr-2930	302	9	w	w	PROPN
cblr-2930	303	1	[	[	X
cblr-2930	303	2	vol	vol	NOUN
cblr-2930	303	3	.	.	PUNCT
cblr-2930	303	4	2010	2010	NUM
cblr-2930	303	5	mechanisms	mechanism	NOUN
cblr-2930	303	6	of	of	ADP
cblr-2930	303	7	voting	vote	VERB
cblr-2930	303	8	efficiency	efficiency	NOUN
cblr-2930	303	9	what	what	PRON
cblr-2930	303	10	psychologists	psychologist	NOUN
cblr-2930	303	11	such	such	ADJ
cblr-2930	303	12	as	as	ADP
cblr-2930	303	13	daniel	daniel	PROPN
cblr-2930	303	14	kahneman	kahneman	PROPN
cblr-2930	303	15	and	and	CCONJ
cblr-2930	303	16	amos	amos	PROPN
cblr-2930	303	17	tversky	tversky	PROPN
cblr-2930	303	18	have	have	AUX
cblr-2930	303	19	found	find	VERB
cblr-2930	303	20	,	,	PUNCT
cblr-2930	303	21	namely	namely	ADV
cblr-2930	303	22	that	that	SCONJ
cblr-2930	303	23	people	people	NOUN
cblr-2930	303	24	do	do	AUX
cblr-2930	303	25	suffer	suffer	VERB
cblr-2930	303	26	from	from	ADP
cblr-2930	303	27	prejudices	prejudice	NOUN
cblr-2930	303	28	,	,	PUNCT
cblr-2930	303	29	or	or	CCONJ
cblr-2930	303	30	cognitive	cognitive	ADJ
cblr-2930	303	31	biases	bias	NOUN
cblr-2930	303	32	,	,	PUNCT
cblr-2930	303	33	when	when	SCONJ
cblr-2930	303	34	making	make	VERB
cblr-2930	303	35	decisions	decision	NOUN
cblr-2930	303	36	.	.	PUNCT
cblr-2930	304	1	"5	"5	NOUN
cblr-2930	304	2	this	this	DET
cblr-2930	304	3	finding	finding	NOUN
cblr-2930	304	4	has	have	AUX
cblr-2930	304	5	served	serve	VERB
cblr-2930	304	6	as	as	ADP
cblr-2930	304	7	a	a	DET
cblr-2930	304	8	building	building	NOUN
cblr-2930	304	9	block	block	NOUN
cblr-2930	304	10	for	for	ADP
cblr-2930	304	11	an	an	DET
cblr-2930	304	12	entire	entire	ADJ
cblr-2930	304	13	discipline	discipline	NOUN
cblr-2930	304	14	within	within	ADP
cblr-2930	304	15	the	the	DET
cblr-2930	304	16	field	field	NOUN
cblr-2930	304	17	of	of	ADP
cblr-2930	304	18	economics	economic	NOUN
cblr-2930	304	19	(	(	PUNCT
cblr-2930	304	20	behavioral	behavioral	ADJ
cblr-2930	304	21	finance	finance	NOUN
cblr-2930	304	22	)	)	PUNCT
cblr-2930	304	23	,	,	PUNCT
cblr-2930	304	24	which	which	PRON
cblr-2930	304	25	seeks	seek	VERB
cblr-2930	304	26	to	to	PART
cblr-2930	304	27	understand	understand	VERB
cblr-2930	304	28	how	how	SCONJ
cblr-2930	304	29	cognitive	cognitive	ADJ
cblr-2930	304	30	biases	bias	NOUN
cblr-2930	304	31	,	,	PUNCT
cblr-2930	304	32	or	or	CCONJ
cblr-2930	304	33	,	,	PUNCT
cblr-2930	304	34	more	more	ADV
cblr-2930	304	35	generally	generally	ADV
cblr-2930	304	36	,	,	PUNCT
cblr-2930	304	37	bounded	bounded	ADJ
cblr-2930	304	38	rationality	rationality	NOUN
cblr-2930	304	39	,	,	PUNCT
cblr-2930	304	40	affects	affect	VERB
cblr-2930	304	41	shareholders	shareholder	NOUN
cblr-2930	304	42	'	'	PART
cblr-2930	304	43	investment	investment	NOUN
cblr-2930	304	44	decisions.4	decisions.4	NOUN
cblr-2930	304	45	6	6	NUM
cblr-2930	304	46	drawing	draw	VERB
cblr-2930	304	47	on	on	ADP
cblr-2930	304	48	this	this	DET
cblr-2930	304	49	research	research	NOUN
cblr-2930	304	50	as	as	ADV
cblr-2930	304	51	well	well	ADV
cblr-2930	304	52	as	as	ADP
cblr-2930	304	53	research	research	NOUN
cblr-2930	304	54	on	on	ADP
cblr-2930	304	55	political	political	ADJ
cblr-2930	304	56	voting	voting	NOUN
cblr-2930	304	57	,	,	PUNCT
cblr-2930	304	58	the	the	DET
cblr-2930	304	59	remainder	remainder	NOUN
cblr-2930	304	60	of	of	ADP
cblr-2930	304	61	this	this	DET
cblr-2930	304	62	section	section	NOUN
cblr-2930	304	63	explores	explore	VERB
cblr-2930	304	64	how	how	SCONJ
cblr-2930	304	65	bounded	bounded	ADJ
cblr-2930	304	66	rationality	rationality	NOUN
cblr-2930	304	67	may	may	AUX
cblr-2930	304	68	affect	affect	VERB
cblr-2930	304	69	shareholders	shareholder	NOUN
cblr-2930	304	70	'	'	PART
cblr-2930	304	71	voting	voting	NOUN
cblr-2930	304	72	decisions	decision	NOUN
cblr-2930	304	73	.	.	PUNCT
cblr-2930	305	1	this	this	PRON
cblr-2930	305	2	is	be	AUX
cblr-2930	305	3	done	do	VERB
cblr-2930	305	4	by	by	ADP
cblr-2930	305	5	focusing	focus	VERB
cblr-2930	305	6	on	on	ADP
cblr-2930	305	7	three	three	NUM
cblr-2930	305	8	expressions	expression	NOUN
cblr-2930	305	9	of	of	ADP
cblr-2930	305	10	bounded	bounded	ADJ
cblr-2930	305	11	rationality	rationality	NOUN
cblr-2930	305	12	:	:	PUNCT
cblr-2930	305	13	sample	sample	NOUN
cblr-2930	305	14	size	size	NOUN
cblr-2930	305	15	neglect	neglect	NOUN
cblr-2930	305	16	,	,	PUNCT
cblr-2930	305	17	optimism	optimism	NOUN
cblr-2930	305	18	,	,	PUNCT
cblr-2930	305	19	and	and	CCONJ
cblr-2930	305	20	attribution	attribution	NOUN
cblr-2930	305	21	errors	error	NOUN
cblr-2930	305	22	.	.	PUNCT
cblr-2930	306	1	1	1	X
cblr-2930	306	2	.	.	X
cblr-2930	306	3	sample	sample	NOUN
cblr-2930	306	4	size	size	NOUN
cblr-2930	306	5	neglect	neglect	NOUN
cblr-2930	306	6	according	accord	VERB
cblr-2930	306	7	to	to	ADP
cblr-2930	306	8	a	a	DET
cblr-2930	306	9	recent	recent	ADJ
cblr-2930	306	10	empirical	empirical	ADJ
cblr-2930	306	11	study	study	NOUN
cblr-2930	306	12	,	,	PUNCT
cblr-2930	306	13	the	the	DET
cblr-2930	306	14	merger	merger	NOUN
cblr-2930	306	15	wave	wave	NOUN
cblr-2930	306	16	that	that	PRON
cblr-2930	306	17	swept	sweep	VERB
cblr-2930	306	18	the	the	DET
cblr-2930	306	19	markets	market	NOUN
cblr-2930	306	20	in	in	ADP
cblr-2930	306	21	the	the	DET
cblr-2930	306	22	1990s	1990	NOUN
cblr-2930	306	23	destroyed	destroy	VERB
cblr-2930	306	24	a	a	DET
cblr-2930	306	25	staggering	staggering	ADJ
cblr-2930	306	26	$	$	SYM
cblr-2930	306	27	216	216	NUM
cblr-2930	306	28	billion	billion	NUM
cblr-2930	306	29	in	in	ADP
cblr-2930	306	30	value	value	NOUN
cblr-2930	306	31	for	for	ADP
cblr-2930	306	32	the	the	DET
cblr-2930	306	33	shareholders	shareholder	NOUN
cblr-2930	306	34	of	of	ADP
cblr-2930	306	35	the	the	DET
cblr-2930	306	36	acquiring	acquire	VERB
cblr-2930	306	37	firms	firm	NOUN
cblr-2930	306	38	.	.	PUNCT
cblr-2930	306	39	"	"	PUNCT
cblr-2930	306	40	who	who	PRON
cblr-2930	306	41	took	take	VERB
cblr-2930	306	42	the	the	DET
cblr-2930	306	43	decision	decision	NOUN
cblr-2930	306	44	to	to	PART
cblr-2930	306	45	make	make	VERB
cblr-2930	306	46	these	these	DET
cblr-2930	306	47	acquisitions	acquisition	NOUN
cblr-2930	306	48	?	?	PUNCT
cblr-2930	307	1	managers	manager	NOUN
cblr-2930	307	2	,	,	PUNCT
cblr-2930	307	3	to	to	PART
cblr-2930	307	4	begin	begin	VERB
cblr-2930	307	5	.	.	PUNCT
cblr-2930	308	1	perhaps	perhaps	ADV
cblr-2930	308	2	they	they	PRON
cblr-2930	308	3	suffered	suffer	VERB
cblr-2930	308	4	from	from	ADP
cblr-2930	308	5	the	the	DET
cblr-2930	308	6	cognitive	cognitive	ADJ
cblr-2930	308	7	bias	bias	NOUN
cblr-2930	308	8	of	of	ADP
cblr-2930	308	9	overconfidence	overconfidence	NOUN
cblr-2930	308	10	,	,	PUNCT
cblr-2930	308	11	which	which	PRON
cblr-2930	308	12	may	may	AUX
cblr-2930	308	13	have	have	AUX
cblr-2930	308	14	led	lead	VERB
cblr-2930	308	15	them	they	PRON
cblr-2930	308	16	to	to	PART
cblr-2930	308	17	overestimate	overestimate	VERB
cblr-2930	308	18	the	the	DET
cblr-2930	308	19	accuracy	accuracy	NOUN
cblr-2930	308	20	of	of	ADP
cblr-2930	308	21	their	their	PRON
cblr-2930	308	22	valuations	valuation	NOUN
cblr-2930	308	23	and	and	CCONJ
cblr-2930	308	24	their	their	PRON
cblr-2930	308	25	4	4	NUM
cblr-2930	308	26	for	for	ADP
cblr-2930	308	27	an	an	DET
cblr-2930	308	28	overview	overview	NOUN
cblr-2930	308	29	and	and	CCONJ
cblr-2930	308	30	discussion	discussion	NOUN
cblr-2930	308	31	of	of	ADP
cblr-2930	308	32	kahneman	kahneman	NOUN
cblr-2930	308	33	and	and	CCONJ
cblr-2930	308	34	tversky	tversky	NOUN
cblr-2930	308	35	's	's	PART
cblr-2930	308	36	work	work	NOUN
cblr-2930	308	37	and	and	CCONJ
cblr-2930	308	38	its	its	PRON
cblr-2930	308	39	relevance	relevance	NOUN
cblr-2930	308	40	to	to	ADP
cblr-2930	308	41	investor	investor	NOUN
cblr-2930	308	42	behavior	behavior	NOUN
cblr-2930	308	43	,	,	PUNCT
cblr-2930	308	44	see	see	VERB
cblr-2930	308	45	barberis	barberis	PROPN
cblr-2930	308	46	&	&	CCONJ
cblr-2930	308	47	thaler	thaler	PROPN
cblr-2930	308	48	,	,	PUNCT
cblr-2930	308	49	supra	supra	PROPN
cblr-2930	308	50	note	note	NOUN
cblr-2930	308	51	7	7	NUM
cblr-2930	308	52	,	,	PUNCT
cblr-2930	308	53	at	at	ADP
cblr-2930	308	54	1222	1222	NUM
cblr-2930	308	55	.	.	PUNCT
cblr-2930	309	1	*	*	PUNCT
cblr-2930	309	2	the	the	DET
cblr-2930	309	3	concept	concept	NOUN
cblr-2930	309	4	of	of	ADP
cblr-2930	309	5	bounded	bounded	ADJ
cblr-2930	309	6	rationality	rationality	NOUN
cblr-2930	309	7	goes	go	VERB
cblr-2930	309	8	back	back	ADV
cblr-2930	309	9	to	to	ADP
cblr-2930	309	10	herbert	herbert	PROPN
cblr-2930	309	11	simon	simon	PROPN
cblr-2930	309	12	.	.	PUNCT
cblr-2930	310	1	see	see	VERB
cblr-2930	310	2	,	,	PUNCT
cblr-2930	310	3	e.g.	e.g.	ADV
cblr-2930	310	4	,	,	PUNCT
cblr-2930	310	5	herbert	herbert	PROPN
cblr-2930	310	6	a.	a.	PROPN
cblr-2930	310	7	simon	simon	PROPN
cblr-2930	310	8	,	,	PUNCT
cblr-2930	310	9	a	a	DET
cblr-2930	310	10	behavioral	behavioral	ADJ
cblr-2930	310	11	model	model	NOUN
cblr-2930	310	12	of	of	ADP
cblr-2930	310	13	rational	rational	ADJ
cblr-2930	310	14	choice	choice	NOUN
cblr-2930	310	15	,	,	PUNCT
cblr-2930	310	16	69	69	NUM
cblr-2930	310	17	quart	quart	NOUN
cblr-2930	310	18	.	.	PUNCT
cblr-2930	311	1	j.	j.	PROPN
cblr-2930	311	2	econ	econ	PROPN
cblr-2930	311	3	.	.	PUNCT
cblr-2930	312	1	99	99	NUM
cblr-2930	312	2	(	(	PUNCT
cblr-2930	312	3	1955	1955	NUM
cblr-2930	312	4	)	)	PUNCT
cblr-2930	312	5	.	.	PUNCT
cblr-2930	313	1	for	for	ADP
cblr-2930	313	2	a	a	DET
cblr-2930	313	3	somewhat	somewhat	ADV
cblr-2930	313	4	different	different	ADJ
cblr-2930	313	5	approach	approach	NOUN
cblr-2930	313	6	to	to	ADP
cblr-2930	313	7	the	the	DET
cblr-2930	313	8	concept	concept	NOUN
cblr-2930	313	9	than	than	ADP
cblr-2930	313	10	that	that	PRON
cblr-2930	313	11	of	of	ADP
cblr-2930	313	12	kahneman	kahneman	NOUN
cblr-2930	313	13	and	and	CCONJ
cblr-2930	313	14	tversky	tversky	ADJ
cblr-2930	313	15	(	(	PUNCT
cblr-2930	313	16	and	and	CCONJ
cblr-2930	313	17	that	that	PRON
cblr-2930	313	18	of	of	ADP
cblr-2930	313	19	behavioral	behavioral	ADJ
cblr-2930	313	20	finance	finance	NOUN
cblr-2930	313	21	generally	generally	ADV
cblr-2930	313	22	)	)	PUNCT
cblr-2930	313	23	,	,	PUNCT
cblr-2930	313	24	see	see	VERB
cblr-2930	313	25	gerd	gerd	NOUN
cblr-2930	313	26	gigerenzer	gigerenzer	NOUN
cblr-2930	313	27	,	,	PUNCT
cblr-2930	313	28	rationality	rationality	NOUN
cblr-2930	313	29	for	for	ADP
cblr-2930	313	30	mortals	mortal	NOUN
cblr-2930	313	31	:	:	PUNCT
cblr-2930	313	32	how	how	SCONJ
cblr-2930	313	33	people	people	NOUN
cblr-2930	313	34	cope	cope	VERB
cblr-2930	313	35	with	with	ADP
cblr-2930	313	36	uncertainty	uncertainty	NOUN
cblr-2930	313	37	(	(	PUNCT
cblr-2930	313	38	2008	2008	NUM
cblr-2930	313	39	)	)	PUNCT
cblr-2930	313	40	.	.	PUNCT
cblr-2930	314	1	for	for	ADP
cblr-2930	314	2	an	an	DET
cblr-2930	314	3	explanation	explanation	NOUN
cblr-2930	314	4	of	of	ADP
cblr-2930	314	5	the	the	DET
cblr-2930	314	6	difference	difference	NOUN
cblr-2930	314	7	between	between	ADP
cblr-2930	314	8	the	the	DET
cblr-2930	314	9	two	two	NUM
cblr-2930	314	10	approaches	approach	NOUN
cblr-2930	314	11	,	,	PUNCT
cblr-2930	314	12	see	see	VERB
cblr-2930	314	13	barberis	barberis	PROPN
cblr-2930	314	14	&	&	CCONJ
cblr-2930	314	15	thaler	thaler	PROPN
cblr-2930	314	16	,	,	PUNCT
cblr-2930	314	17	supra	supra	PROPN
cblr-2930	314	18	note	note	NOUN
cblr-2930	314	19	7	7	NUM
cblr-2930	314	20	,	,	PUNCT
cblr-2930	314	21	at	at	ADP
cblr-2930	314	22	1	1	NUM
cblr-2930	314	23	n.1	n.1	NUM
cblr-2930	314	24	.	.	PUNCT
cblr-2930	314	25	"	"	PUNCT
cblr-2930	315	1	sara	sara	PROPN
cblr-2930	315	2	b.	b.	PROPN
cblr-2930	315	3	moeller	moeller	PROPN
cblr-2930	315	4	,	,	PUNCT
cblr-2930	315	5	frederik	frederik	PROPN
cblr-2930	315	6	p.	p.	PROPN
cblr-2930	315	7	schlingemann	schlingemann	PROPN
cblr-2930	315	8	&	&	CCONJ
cblr-2930	315	9	ren6	ren6	PROPN
cblr-2930	315	10	stulz	stulz	PROPN
cblr-2930	315	11	,	,	PUNCT
cblr-2930	315	12	wealth	wealth	NOUN
cblr-2930	315	13	destruction	destruction	NOUN
cblr-2930	315	14	on	on	ADP
cblr-2930	315	15	a	a	DET
cblr-2930	315	16	massive	massive	ADJ
cblr-2930	315	17	scale	scale	NOUN
cblr-2930	315	18	?	?	PUNCT
cblr-2930	316	1	a	a	DET
cblr-2930	316	2	study	study	NOUN
cblr-2930	316	3	of	of	ADP
cblr-2930	316	4	acquiring	acquire	VERB
cblr-2930	316	5	-	-	PUNCT
cblr-2930	316	6	firm	firm	NOUN
cblr-2930	316	7	returns	return	NOUN
cblr-2930	316	8	in	in	ADP
cblr-2930	316	9	the	the	DET
cblr-2930	316	10	recent	recent	ADJ
cblr-2930	316	11	merger	merger	NOUN
cblr-2930	316	12	wave	wave	NOUN
cblr-2930	316	13	,	,	PUNCT
cblr-2930	316	14	60	60	NUM
cblr-2930	316	15	j.	j.	PROPN
cblr-2930	316	16	fin	fin	PROPN
cblr-2930	316	17	.	.	PUNCT
cblr-2930	317	1	757	757	NUM
cblr-2930	317	2	,	,	PUNCT
cblr-2930	317	3	758	758	NUM
cblr-2930	317	4	(	(	PUNCT
cblr-2930	317	5	2005	2005	NUM
cblr-2930	317	6	)	)	PUNCT
cblr-2930	317	7	.	.	PUNCT
cblr-2930	318	1	the	the	DET
cblr-2930	318	2	authors	author	NOUN
cblr-2930	318	3	arrive	arrive	VERB
cblr-2930	318	4	at	at	ADP
cblr-2930	318	5	this	this	DET
cblr-2930	318	6	number	number	NOUN
cblr-2930	318	7	by	by	ADP
cblr-2930	318	8	measuring	measure	VERB
cblr-2930	318	9	returns	return	NOUN
cblr-2930	318	10	over	over	ADP
cblr-2930	318	11	the	the	DET
cblr-2930	318	12	three	three	NUM
cblr-2930	318	13	-	-	PUNCT
cblr-2930	318	14	day	day	NOUN
cblr-2930	318	15	window	window	NOUN
cblr-2930	318	16	surrounding	surround	VERB
cblr-2930	318	17	announcement	announcement	NOUN
cblr-2930	318	18	of	of	ADP
cblr-2930	318	19	the	the	DET
cblr-2930	318	20	acquisition	acquisition	NOUN
cblr-2930	318	21	.	.	PUNCT
cblr-2930	319	1	note	note	VERB
cblr-2930	319	2	that	that	SCONJ
cblr-2930	319	3	the	the	DET
cblr-2930	319	4	losses	loss	NOUN
cblr-2930	319	5	in	in	ADP
cblr-2930	319	6	share	share	NOUN
cblr-2930	319	7	value	value	NOUN
cblr-2930	319	8	do	do	AUX
cblr-2930	319	9	not	not	PART
cblr-2930	319	10	necessarily	necessarily	ADV
cblr-2930	319	11	imply	imply	VERB
cblr-2930	319	12	a	a	DET
cblr-2930	319	13	corresponding	corresponding	ADJ
cblr-2930	319	14	loss	loss	NOUN
cblr-2930	319	15	in	in	ADP
cblr-2930	319	16	firm	firm	ADJ
cblr-2930	319	17	value	value	NOUN
cblr-2930	319	18	,	,	PUNCT
cblr-2930	319	19	since	since	SCONJ
cblr-2930	319	20	the	the	DET
cblr-2930	319	21	market	market	NOUN
cblr-2930	319	22	may	may	AUX
cblr-2930	319	23	have	have	AUX
cblr-2930	319	24	overreacted	overreact	VERB
cblr-2930	319	25	and	and	CCONJ
cblr-2930	319	26	the	the	DET
cblr-2930	319	27	acquisitions	acquisition	NOUN
cblr-2930	319	28	may	may	AUX
cblr-2930	319	29	have	have	AUX
cblr-2930	319	30	led	lead	VERB
cblr-2930	319	31	the	the	DET
cblr-2930	319	32	market	market	NOUN
cblr-2930	319	33	to	to	PART
cblr-2930	319	34	reconsider	reconsider	VERB
cblr-2930	319	35	the	the	DET
cblr-2930	319	36	stand	stand	VERB
cblr-2930	319	37	-	-	PUNCT
cblr-2930	319	38	alone	alone	ADV
cblr-2930	319	39	valuations	valuation	NOUN
cblr-2930	319	40	of	of	ADP
cblr-2930	319	41	the	the	DET
cblr-2930	319	42	announcing	announce	VERB
cblr-2930	319	43	firms	firm	NOUN
cblr-2930	319	44	.	.	PUNCT
cblr-2930	320	1	i	i	PRON
cblr-2930	320	2	d.	d.	PROPN
cblr-2930	320	3	at	at	ADP
cblr-2930	320	4	779	779	NUM
cblr-2930	320	5	.	.	PUNCT
cblr-2930	321	1	no	no	INTJ
cblr-2930	321	2	.	.	PUNCT
cblr-2930	322	1	3:763	3:763	NUM
cblr-2930	322	2	]	]	PUNCT
cblr-2930	322	3	783	783	NUM
cblr-2930	322	4	ability	ability	NOUN
cblr-2930	322	5	to	to	PART
cblr-2930	322	6	create	create	VERB
cblr-2930	322	7	value	value	NOUN
cblr-2930	322	8	.	.	PUNCT
cblr-2930	322	9	"	"	PUNCT
cblr-2930	323	1	but	but	CCONJ
cblr-2930	323	2	even	even	ADV
cblr-2930	323	3	if	if	SCONJ
cblr-2930	323	4	managers	manager	NOUN
cblr-2930	323	5	took	take	VERB
cblr-2930	323	6	the	the	DET
cblr-2930	323	7	decision	decision	NOUN
cblr-2930	323	8	to	to	PART
cblr-2930	323	9	make	make	VERB
cblr-2930	323	10	these	these	DET
cblr-2930	323	11	acquisitions	acquisition	NOUN
cblr-2930	323	12	,	,	PUNCT
cblr-2930	323	13	shareholders	shareholder	NOUN
cblr-2930	323	14	will	will	AUX
cblr-2930	323	15	often	often	ADV
cblr-2930	323	16	have	have	AUX
cblr-2930	323	17	approved	approve	VERB
cblr-2930	323	18	them.4	them.4	NOUN
cblr-2930	323	19	9	9	NUM
cblr-2930	323	20	perhaps	perhaps	ADV
cblr-2930	323	21	in	in	ADP
cblr-2930	323	22	doing	do	VERB
cblr-2930	323	23	so	so	ADV
cblr-2930	323	24	,	,	PUNCT
cblr-2930	323	25	they	they	PRON
cblr-2930	323	26	suffered	suffer	VERB
cblr-2930	323	27	from	from	ADP
cblr-2930	323	28	cognitive	cognitive	ADJ
cblr-2930	323	29	biases	bias	NOUN
cblr-2930	323	30	as	as	ADV
cblr-2930	323	31	well	well	ADV
cblr-2930	323	32	.	.	PUNCT
cblr-2930	324	1	overconfidence	overconfidence	NOUN
cblr-2930	324	2	on	on	ADP
cblr-2930	324	3	the	the	DET
cblr-2930	324	4	part	part	NOUN
cblr-2930	324	5	of	of	ADP
cblr-2930	324	6	shareholders	shareholder	NOUN
cblr-2930	324	7	is	be	AUX
cblr-2930	324	8	unlikely	unlikely	ADJ
cblr-2930	324	9	to	to	PART
cblr-2930	324	10	be	be	AUX
cblr-2930	324	11	the	the	DET
cblr-2930	324	12	culprit	culprit	NOUN
cblr-2930	324	13	,	,	PUNCT
cblr-2930	324	14	because	because	SCONJ
cblr-2930	324	15	overconfidence	overconfidence	NOUN
cblr-2930	324	16	refers	refer	VERB
cblr-2930	324	17	to	to	ADP
cblr-2930	324	18	confidence	confidence	NOUN
cblr-2930	324	19	in	in	ADP
cblr-2930	324	20	one	one	PRON
cblr-2930	324	21	's	's	PART
cblr-2930	324	22	own	own	ADJ
cblr-2930	324	23	capabilities	capability	NOUN
cblr-2930	324	24	rather	rather	ADV
cblr-2930	324	25	than	than	ADP
cblr-2930	324	26	the	the	DET
cblr-2930	324	27	capabilities	capability	NOUN
cblr-2930	324	28	of	of	ADP
cblr-2930	324	29	someone	someone	PRON
cblr-2930	324	30	else	else	ADV
cblr-2930	324	31	,	,	PUNCT
cblr-2930	324	32	such	such	ADJ
cblr-2930	324	33	as	as	ADP
cblr-2930	324	34	management	management	NOUN
cblr-2930	324	35	of	of	ADP
cblr-2930	324	36	the	the	DET
cblr-2930	324	37	portfolio	portfolio	NOUN
cblr-2930	324	38	firm	firm	NOUN
cblr-2930	324	39	.	.	PUNCT
cblr-2930	325	1	but	but	CCONJ
cblr-2930	325	2	there	there	PRON
cblr-2930	325	3	is	be	VERB
cblr-2930	325	4	a	a	DET
cblr-2930	325	5	cognitive	cognitive	ADJ
cblr-2930	325	6	bias	bias	NOUN
cblr-2930	325	7	that	that	PRON
cblr-2930	325	8	can	can	AUX
cblr-2930	325	9	lead	lead	VERB
cblr-2930	325	10	people	people	NOUN
cblr-2930	325	11	to	to	PART
cblr-2930	325	12	put	put	VERB
cblr-2930	325	13	too	too	ADV
cblr-2930	325	14	much	much	ADJ
cblr-2930	325	15	faith	faith	NOUN
cblr-2930	325	16	in	in	ADP
cblr-2930	325	17	someone	someone	PRON
cblr-2930	325	18	else	else	ADV
cblr-2930	325	19	's	's	PART
cblr-2930	325	20	capabilities	capability	NOUN
cblr-2930	325	21	:	:	PUNCT
cblr-2930	325	22	sample	sample	NOUN
cblr-2930	325	23	size	size	NOUN
cblr-2930	325	24	neglect	neglect	NOUN
cblr-2930	325	25	.	.	PUNCT
cblr-2930	326	1	sample	sample	NOUN
cblr-2930	326	2	size	size	NOUN
cblr-2930	326	3	neglect	neglect	NOUN
cblr-2930	326	4	is	be	AUX
cblr-2930	326	5	caused	cause	VERB
cblr-2930	326	6	by	by	ADP
cblr-2930	326	7	the	the	DET
cblr-2930	326	8	so	so	ADV
cblr-2930	326	9	-	-	PUNCT
cblr-2930	326	10	called	call	VERB
cblr-2930	326	11	representativeness	representativeness	ADJ
cblr-2930	326	12	heuristic	heuristic	NOUN
cblr-2930	326	13	and	and	CCONJ
cblr-2930	326	14	generates	generate	VERB
cblr-2930	326	15	the	the	DET
cblr-2930	326	16	'	'	PUNCT
cblr-2930	326	17	hot	hot	ADJ
cblr-2930	326	18	hand	hand	NOUN
cblr-2930	326	19	'	'	PUNCT
cblr-2930	326	20	phenomenon	phenomenon	NOUN
cblr-2930	326	21	.	.	PUNCT
cblr-2930	327	1	this	this	DET
cblr-2930	327	2	phenomenon	phenomenon	NOUN
cblr-2930	327	3	can	can	AUX
cblr-2930	327	4	be	be	AUX
cblr-2930	327	5	witnessed	witness	VERB
cblr-2930	327	6	when	when	SCONJ
cblr-2930	327	7	sports	sport	NOUN
cblr-2930	327	8	fans	fan	NOUN
cblr-2930	327	9	become	become	VERB
cblr-2930	327	10	convinced	convinced	ADJ
cblr-2930	327	11	that	that	SCONJ
cblr-2930	327	12	a	a	DET
cblr-2930	327	13	basketball	basketball	NOUN
cblr-2930	327	14	player	player	NOUN
cblr-2930	327	15	who	who	PRON
cblr-2930	327	16	has	have	AUX
cblr-2930	327	17	made	make	VERB
cblr-2930	327	18	three	three	NUM
cblr-2930	327	19	shots	shot	NOUN
cblr-2930	327	20	in	in	ADP
cblr-2930	327	21	a	a	DET
cblr-2930	327	22	row	row	NOUN
cblr-2930	327	23	is	be	AUX
cblr-2930	327	24	on	on	ADP
cblr-2930	327	25	a	a	DET
cblr-2930	327	26	hot	hot	ADJ
cblr-2930	327	27	streak	streak	NOUN
cblr-2930	327	28	and	and	CCONJ
cblr-2930	327	29	will	will	AUX
cblr-2930	327	30	score	score	VERB
cblr-2930	327	31	again	again	ADV
cblr-2930	327	32	,	,	PUNCT
cblr-2930	327	33	even	even	ADV
cblr-2930	327	34	though	though	SCONJ
cblr-2930	327	35	there	there	PRON
cblr-2930	327	36	is	be	VERB
cblr-2930	327	37	no	no	DET
cblr-2930	327	38	evidence	evidence	NOUN
cblr-2930	327	39	of	of	ADP
cblr-2930	327	40	a	a	DET
cblr-2930	327	41	hot	hot	ADJ
cblr-2930	327	42	hand	hand	NOUN
cblr-2930	327	43	in	in	ADP
cblr-2930	327	44	the	the	DET
cblr-2930	327	45	data	data	NOUN
cblr-2930	327	46	.	.	PUNCT
cblr-2930	327	47	0	0	PUNCT
cblr-2930	328	1	now	now	ADV
cblr-2930	328	2	substitute	substitute	VERB
cblr-2930	328	3	the	the	DET
cblr-2930	328	4	scoring	scoring	NOUN
cblr-2930	328	5	basketball	basketball	NOUN
cblr-2930	328	6	player	player	NOUN
cblr-2930	328	7	for	for	ADP
cblr-2930	328	8	a	a	DET
cblr-2930	328	9	ceo	ceo	NOUN
cblr-2930	328	10	who	who	PRON
cblr-2930	328	11	has	have	AUX
cblr-2930	328	12	made	make	VERB
cblr-2930	328	13	a	a	DET
cblr-2930	328	14	number	number	NOUN
cblr-2930	328	15	of	of	ADP
cblr-2930	328	16	successful	successful	ADJ
cblr-2930	328	17	prior	prior	ADJ
cblr-2930	328	18	acquisitions	acquisition	NOUN
cblr-2930	328	19	,	,	PUNCT
cblr-2930	328	20	and	and	CCONJ
cblr-2930	328	21	we	we	PRON
cblr-2930	328	22	can	can	AUX
cblr-2930	328	23	see	see	VERB
cblr-2930	328	24	how	how	SCONJ
cblr-2930	328	25	shareholders	shareholder	NOUN
cblr-2930	328	26	might	might	AUX
cblr-2930	328	27	be	be	AUX
cblr-2930	328	28	inclined	incline	VERB
cblr-2930	328	29	to	to	PART
cblr-2930	328	30	approve	approve	VERB
cblr-2930	328	31	a	a	DET
cblr-2930	328	32	see	see	NOUN
cblr-2930	328	33	richard	richard	PROPN
cblr-2930	328	34	roll	roll	PROPN
cblr-2930	328	35	,	,	PUNCT
cblr-2930	328	36	the	the	DET
cblr-2930	328	37	hubris	hubris	NOUN
cblr-2930	328	38	hypothesis	hypothesis	NOUN
cblr-2930	328	39	of	of	ADP
cblr-2930	328	40	corporate	corporate	ADJ
cblr-2930	328	41	takeovers	takeover	NOUN
cblr-2930	328	42	,	,	PUNCT
cblr-2930	328	43	59	59	NUM
cblr-2930	328	44	j.	j.	PROPN
cblr-2930	328	45	bus	bus	PROPN
cblr-2930	328	46	.	.	PUNCT
cblr-2930	329	1	197	197	NUM
cblr-2930	329	2	,	,	PUNCT
cblr-2930	329	3	200	200	NUM
cblr-2930	329	4	(	(	PUNCT
cblr-2930	329	5	1986	1986	NUM
cblr-2930	329	6	)	)	PUNCT
cblr-2930	329	7	;	;	PUNCT
cblr-2930	329	8	ulrike	ulrike	PROPN
cblr-2930	329	9	malmendier	malmendier	NOUN
cblr-2930	329	10	&	&	CCONJ
cblr-2930	329	11	geoffrey	geoffrey	PROPN
cblr-2930	329	12	tate	tate	PROPN
cblr-2930	329	13	,	,	PUNCT
cblr-2930	329	14	who	who	PRON
cblr-2930	329	15	makes	make	VERB
cblr-2930	329	16	acquisitions	acquisition	NOUN
cblr-2930	329	17	?	?	PUNCT
cblr-2930	330	1	ceo	ceo	NOUN
cblr-2930	330	2	overconfidence	overconfidence	NOUN
cblr-2930	330	3	and	and	CCONJ
cblr-2930	330	4	the	the	DET
cblr-2930	330	5	market	market	NOUN
cblr-2930	330	6	's	's	PART
cblr-2930	330	7	reaction	reaction	NOUN
cblr-2930	330	8	,	,	PUNCT
cblr-2930	330	9	89	89	NUM
cblr-2930	330	10	j.	j.	PROPN
cblr-2930	330	11	fin	fin	PROPN
cblr-2930	330	12	.	.	PUNCT
cblr-2930	330	13	econ	econ	PROPN
cblr-2930	330	14	.	.	PROPN
cblr-2930	331	1	20	20	NUM
cblr-2930	331	2	,	,	PUNCT
cblr-2930	331	3	20(2008	20(2008	NUM
cblr-2930	331	4	)	)	PUNCT
cblr-2930	331	5	.	.	PUNCT
cblr-2930	332	1	"	"	PUNCT
cblr-2930	332	2	to	to	PART
cblr-2930	332	3	be	be	AUX
cblr-2930	332	4	sure	sure	ADJ
cblr-2930	332	5	,	,	PUNCT
cblr-2930	332	6	not	not	PART
cblr-2930	332	7	all	all	PRON
cblr-2930	332	8	of	of	ADP
cblr-2930	332	9	these	these	DET
cblr-2930	332	10	acquisitions	acquisition	NOUN
cblr-2930	332	11	will	will	AUX
cblr-2930	332	12	have	have	AUX
cblr-2930	332	13	been	be	AUX
cblr-2930	332	14	subject	subject	ADJ
cblr-2930	332	15	to	to	ADP
cblr-2930	332	16	shareholder	shareholder	NOUN
cblr-2930	332	17	approval	approval	NOUN
cblr-2930	332	18	.	.	PUNCT
cblr-2930	333	1	deals	deal	NOUN
cblr-2930	333	2	can	can	AUX
cblr-2930	333	3	be	be	AUX
cblr-2930	333	4	structured	structure	VERB
cblr-2930	333	5	in	in	ADP
cblr-2930	333	6	a	a	DET
cblr-2930	333	7	number	number	NOUN
cblr-2930	333	8	of	of	ADP
cblr-2930	333	9	ways	way	NOUN
cblr-2930	333	10	,	,	PUNCT
cblr-2930	333	11	and	and	CCONJ
cblr-2930	333	12	whether	whether	SCONJ
cblr-2930	333	13	shareholder	shareholder	NOUN
cblr-2930	333	14	approval	approval	NOUN
cblr-2930	333	15	is	be	AUX
cblr-2930	333	16	required	require	VERB
cblr-2930	333	17	will	will	AUX
cblr-2930	333	18	often	often	ADV
cblr-2930	333	19	depend	depend	VERB
cblr-2930	333	20	on	on	ADP
cblr-2930	333	21	the	the	DET
cblr-2930	333	22	chosen	choose	VERB
cblr-2930	333	23	structure	structure	NOUN
cblr-2930	333	24	.	.	PUNCT
cblr-2930	334	1	still	still	ADV
cblr-2930	334	2	,	,	PUNCT
cblr-2930	334	3	it	it	PRON
cblr-2930	334	4	is	be	AUX
cblr-2930	334	5	reasonable	reasonable	ADJ
cblr-2930	334	6	to	to	PART
cblr-2930	334	7	assume	assume	VERB
cblr-2930	334	8	that	that	SCONJ
cblr-2930	334	9	at	at	ADV
cblr-2930	334	10	least	least	ADJ
cblr-2930	334	11	some	some	PRON
cblr-2930	334	12	of	of	ADP
cblr-2930	334	13	the	the	DET
cblr-2930	334	14	deals	deal	NOUN
cblr-2930	334	15	that	that	PRON
cblr-2930	334	16	caused	cause	VERB
cblr-2930	334	17	large	large	ADJ
cblr-2930	334	18	losses	loss	NOUN
cblr-2930	334	19	were	be	AUX
cblr-2930	334	20	,	,	PUNCT
cblr-2930	334	21	in	in	ADP
cblr-2930	334	22	fact	fact	NOUN
cblr-2930	334	23	,	,	PUNCT
cblr-2930	334	24	approved	approve	VERB
cblr-2930	334	25	by	by	ADP
cblr-2930	334	26	shareholders	shareholder	NOUN
cblr-2930	334	27	.	.	PUNCT
cblr-2930	335	1	see	see	VERB
cblr-2930	335	2	moeller	moeller	PROPN
cblr-2930	335	3	et	et	PROPN
cblr-2930	335	4	al	al	PROPN
cblr-2930	335	5	.	.	PROPN
cblr-2930	335	6	,	,	PUNCT
cblr-2930	335	7	supra	supra	PROPN
cblr-2930	335	8	note	note	PROPN
cblr-2930	335	9	47	47	NUM
cblr-2930	335	10	,	,	PUNCT
cblr-2930	335	11	at	at	ADP
cblr-2930	335	12	777	777	NUM
cblr-2930	335	13	(	(	PUNCT
cblr-2930	335	14	finding	find	VERB
cblr-2930	335	15	that	that	PRON
cblr-2930	335	16	equity	equity	NOUN
cblr-2930	335	17	is	be	AUX
cblr-2930	335	18	used	use	VERB
cblr-2930	335	19	more	more	ADV
cblr-2930	335	20	often	often	ADV
cblr-2930	335	21	with	with	ADP
cblr-2930	335	22	large	large	ADJ
cblr-2930	335	23	loss	loss	NOUN
cblr-2930	335	24	deals	deal	NOUN
cblr-2930	335	25	than	than	ADP
cblr-2930	335	26	with	with	ADP
cblr-2930	335	27	other	other	ADJ
cblr-2930	335	28	deals	deal	NOUN
cblr-2930	335	29	,	,	PUNCT
cblr-2930	335	30	which	which	PRON
cblr-2930	335	31	increases	increase	VERB
cblr-2930	335	32	the	the	DET
cblr-2930	335	33	probability	probability	NOUN
cblr-2930	335	34	that	that	SCONJ
cblr-2930	335	35	at	at	ADV
cblr-2930	335	36	least	least	ADJ
cblr-2930	335	37	some	some	PRON
cblr-2930	335	38	of	of	ADP
cblr-2930	335	39	these	these	DET
cblr-2930	335	40	deals	deal	NOUN
cblr-2930	335	41	required	require	VERB
cblr-2930	335	42	shareholder	shareholder	NOUN
cblr-2930	335	43	approval	approval	NOUN
cblr-2930	335	44	)	)	PUNCT
cblr-2930	335	45	;	;	PUNCT
cblr-2930	335	46	ehud	ehud	PROPN
cblr-2930	335	47	kamar	kamar	PROPN
cblr-2930	335	48	,	,	PUNCT
cblr-2930	335	49	does	do	AUX
cblr-2930	335	50	shareholder	shareholder	NOUN
cblr-2930	335	51	voting	vote	VERB
cblr-2930	335	52	on	on	ADP
cblr-2930	335	53	acquisitions	acquisition	NOUN
cblr-2930	335	54	matter	matter	NOUN
cblr-2930	335	55	?	?	PUNCT
cblr-2930	335	56	,	,	PUNCT
cblr-2930	335	57	15	15	NUM
cblr-2930	335	58	(	(	PUNCT
cblr-2930	335	59	2006	2006	NUM
cblr-2930	335	60	)	)	PUNCT
cblr-2930	335	61	(	(	PUNCT
cblr-2930	335	62	unpublished	unpublished	ADJ
cblr-2930	335	63	manuscript	manuscript	NOUN
cblr-2930	335	64	)	)	PUNCT
cblr-2930	335	65	,	,	PUNCT
cblr-2930	335	66	available	available	ADJ
cblr-2930	335	67	at	at	ADP
cblr-2930	335	68	http//law.bepress.com	http//law.bepress.com	PROPN
cblr-2930	335	69	/	/	SYM
cblr-2930	335	70	cgi	cgi	PROPN
cblr-2930	335	71	/	/	SYM
cblr-2930	335	72	viewcontent.cgi?article=1799&context	viewcontent.cgi?article=1799&context	NOUN
cblr-2930	335	73	-	-	PUNCT
cblr-2930	335	74	alea	alea	NOUN
cblr-2930	335	75	(	(	PUNCT
cblr-2930	335	76	discussing	discuss	VERB
cblr-2930	335	77	deal	deal	NOUN
cblr-2930	335	78	structures	structure	NOUN
cblr-2930	335	79	and	and	CCONJ
cblr-2930	335	80	empirically	empirically	ADV
cblr-2930	335	81	studying	study	VERB
cblr-2930	335	82	non	non	ADJ
cblr-2930	335	83	-	-	ADJ
cblr-2930	335	84	hostile	hostile	ADJ
cblr-2930	335	85	acquisitions	acquisition	NOUN
cblr-2930	335	86	by	by	ADP
cblr-2930	335	87	listed	list	VERB
cblr-2930	335	88	us	us	PROPN
cblr-2930	335	89	firms	firm	NOUN
cblr-2930	335	90	announced	announce	VERB
cblr-2930	335	91	between	between	ADP
cblr-2930	335	92	1995	1995	NUM
cblr-2930	335	93	and	and	CCONJ
cblr-2930	335	94	2003	2003	NUM
cblr-2930	335	95	,	,	PUNCT
cblr-2930	335	96	and	and	CCONJ
cblr-2930	335	97	finding	find	VERB
cblr-2930	335	98	that	that	SCONJ
cblr-2930	335	99	that	that	SCONJ
cblr-2930	335	100	666	666	NUM
cblr-2930	335	101	public	public	ADJ
cblr-2930	335	102	target	target	NOUN
cblr-2930	335	103	acquisitions	acquisition	NOUN
cblr-2930	335	104	required	require	VERB
cblr-2930	335	105	approval	approval	NOUN
cblr-2930	335	106	and	and	CCONJ
cblr-2930	335	107	217	217	NUM
cblr-2930	335	108	did	do	VERB
cblr-2930	335	109	not	not	PART
cblr-2930	335	110	)	)	PUNCT
cblr-2930	335	111	.	.	PUNCT
cblr-2930	336	1	o	o	NOUN
cblr-2930	336	2	thomas	thomas	PROPN
cblr-2930	336	3	gilovich	gilovich	PROPN
cblr-2930	336	4	,	,	PUNCT
cblr-2930	336	5	robert	robert	PROPN
cblr-2930	336	6	vallone	vallone	PROPN
cblr-2930	336	7	&	&	CCONJ
cblr-2930	336	8	amos	amos	PROPN
cblr-2930	336	9	tversky	tversky	PROPN
cblr-2930	336	10	,	,	PUNCT
cblr-2930	336	11	the	the	DET
cblr-2930	336	12	hot	hot	ADJ
cblr-2930	336	13	hand	hand	NOUN
cblr-2930	336	14	in	in	ADP
cblr-2930	336	15	basketball	basketball	NOUN
cblr-2930	336	16	:	:	PUNCT
cblr-2930	336	17	on	on	ADP
cblr-2930	336	18	the	the	DET
cblr-2930	336	19	misperception	misperception	NOUN
cblr-2930	336	20	of	of	ADP
cblr-2930	336	21	random	random	ADJ
cblr-2930	336	22	sequences	sequence	NOUN
cblr-2930	336	23	,	,	PUNCT
cblr-2930	336	24	17	17	NUM
cblr-2930	336	25	cognmve	cognmve	PROPN
cblr-2930	336	26	psychol	psychol	NOUN
cblr-2930	336	27	.	.	PROPN
cblr-2930	336	28	295	295	NUM
cblr-2930	336	29	(	(	PUNCT
cblr-2930	336	30	1985	1985	NUM
cblr-2930	336	31	)	)	PUNCT
cblr-2930	336	32	;	;	PUNCT
cblr-2930	336	33	see	see	VERB
cblr-2930	336	34	also	also	ADV
cblr-2930	336	35	nassim	nassim	PROPN
cblr-2930	336	36	nicholas	nicholas	PROPN
cblr-2930	336	37	taleb	taleb	PROPN
cblr-2930	336	38	,	,	PUNCT
cblr-2930	336	39	fooled	fool	VERB
cblr-2930	336	40	by	by	ADP
cblr-2930	336	41	randomness	randomness	NOUN
cblr-2930	336	42	:	:	PUNCT
cblr-2930	336	43	the	the	DET
cblr-2930	336	44	hidden	hidden	ADJ
cblr-2930	336	45	role	role	NOUN
cblr-2930	336	46	of	of	ADP
cblr-2930	336	47	chance	chance	NOUN
cblr-2930	336	48	in	in	ADP
cblr-2930	336	49	the	the	DET
cblr-2930	336	50	markets	market	NOUN
cblr-2930	336	51	and	and	CCONJ
cblr-2930	336	52	life	life	NOUN
cblr-2930	336	53	(	(	PUNCT
cblr-2930	336	54	2004	2004	NUM
cblr-2930	336	55	)	)	PUNCT
cblr-2930	336	56	.	.	PUNCT
cblr-2930	337	1	[	[	X
cblr-2930	337	2	vol	vol	NOUN
cblr-2930	337	3	.	.	PUNCT
cblr-2930	337	4	2010784	2010784	NUM
cblr-2930	337	5	col	col	PROPN
cblr-2930	337	6	umia	umia	PROPN
cblr-2930	337	7	b	b	PROPN
cblr-2930	337	8	usiness	usiness	PROPN
cblr-2930	337	9	la	la	PROPN
cblr-2930	337	10	w	w	PROPN
cblr-2930	337	11	re	re	PROPN
cblr-2930	337	12	vie	vie	PROPN
cblr-2930	337	13	w	w	PROPN
cblr-2930	337	14	mechanisms	mechanism	NOUN
cblr-2930	337	15	of	of	ADP
cblr-2930	337	16	voting	voting	NOUN
cblr-2930	337	17	efficiency	efficiency	NOUN
cblr-2930	337	18	the	the	DET
cblr-2930	337	19	next	next	ADJ
cblr-2930	337	20	big	big	ADJ
cblr-2930	337	21	deal	deal	NOUN
cblr-2930	337	22	presented	present	VERB
cblr-2930	337	23	to	to	ADP
cblr-2930	337	24	them	they	PRON
cblr-2930	337	25	even	even	ADV
cblr-2930	337	26	if	if	SCONJ
cblr-2930	337	27	those	those	DET
cblr-2930	337	28	prior	prior	ADJ
cblr-2930	337	29	acquisitions	acquisition	NOUN
cblr-2930	337	30	are	be	AUX
cblr-2930	337	31	not	not	PART
cblr-2930	337	32	fully	fully	ADV
cblr-2930	337	33	representative	representative	ADJ
cblr-2930	337	34	of	of	ADP
cblr-2930	337	35	management	management	NOUN
cblr-2930	337	36	's	's	PART
cblr-2930	337	37	ability	ability	NOUN
cblr-2930	337	38	to	to	PART
cblr-2930	337	39	make	make	VERB
cblr-2930	337	40	the	the	DET
cblr-2930	337	41	proposed	propose	VERB
cblr-2930	337	42	acquisition	acquisition	NOUN
cblr-2930	337	43	a	a	DET
cblr-2930	337	44	success	success	NOUN
cblr-2930	337	45	,	,	PUNCT
cblr-2930	337	46	for	for	ADP
cblr-2930	337	47	example	example	NOUN
cblr-2930	337	48	because	because	SCONJ
cblr-2930	337	49	they	they	PRON
cblr-2930	337	50	were	be	AUX
cblr-2930	337	51	much	much	ADV
cblr-2930	337	52	smaller	small	ADJ
cblr-2930	337	53	.	.	PUNCT
cblr-2930	338	1	the	the	DET
cblr-2930	338	2	aforementioned	aforementioned	ADJ
cblr-2930	338	3	study	study	NOUN
cblr-2930	338	4	of	of	ADP
cblr-2930	338	5	large	large	ADJ
cblr-2930	338	6	loss	loss	NOUN
cblr-2930	338	7	deals	deal	NOUN
cblr-2930	338	8	offers	offer	VERB
cblr-2930	338	9	some	some	DET
cblr-2930	338	10	evidence	evidence	NOUN
cblr-2930	338	11	supporting	support	VERB
cblr-2930	338	12	this	this	DET
cblr-2930	338	13	proposition	proposition	NOUN
cblr-2930	338	14	:	:	PUNCT
cblr-2930	338	15	firms	firm	NOUN
cblr-2930	338	16	that	that	PRON
cblr-2930	338	17	made	make	VERB
cblr-2930	338	18	these	these	DET
cblr-2930	338	19	deals	deal	NOUN
cblr-2930	338	20	,	,	PUNCT
cblr-2930	338	21	it	it	PRON
cblr-2930	338	22	turns	turn	VERB
cblr-2930	338	23	out	out	ADP
cblr-2930	338	24	,	,	PUNCT
cblr-2930	338	25	were	be	AUX
cblr-2930	338	26	serial	serial	ADJ
cblr-2930	338	27	acquirers	acquirer	NOUN
cblr-2930	338	28	,	,	PUNCT
cblr-2930	338	29	and	and	CCONJ
cblr-2930	338	30	the	the	DET
cblr-2930	338	31	acquisitions	acquisition	NOUN
cblr-2930	338	32	made	make	VERB
cblr-2930	338	33	in	in	ADP
cblr-2930	338	34	the	the	DET
cblr-2930	338	35	two	two	NUM
cblr-2930	338	36	years	year	NOUN
cblr-2930	338	37	prior	prior	ADV
cblr-2930	338	38	to	to	ADP
cblr-2930	338	39	the	the	DET
cblr-2930	338	40	large	large	ADJ
cblr-2930	338	41	loss	loss	NOUN
cblr-2930	338	42	deal	deal	NOUN
cblr-2930	338	43	had	have	AUX
cblr-2930	338	44	created	create	VERB
cblr-2930	338	45	substantial	substantial	ADJ
cblr-2930	338	46	shareholder	shareholder	NOUN
cblr-2930	338	47	value	value	NOUN
cblr-2930	338	48	.	.	PUNCT
cblr-2930	338	49	"	"	PUNCT
cblr-2930	339	1	whether	whether	SCONJ
cblr-2930	339	2	shareholders	shareholder	NOUN
cblr-2930	339	3	who	who	PRON
cblr-2930	339	4	approved	approve	VERB
cblr-2930	339	5	the	the	DET
cblr-2930	339	6	large	large	ADJ
cblr-2930	339	7	loss	loss	NOUN
cblr-2930	339	8	deals	deal	NOUN
cblr-2930	339	9	were	be	AUX
cblr-2930	339	10	influenced	influence	VERB
cblr-2930	339	11	by	by	ADP
cblr-2930	339	12	this	this	DET
cblr-2930	339	13	positive	positive	ADJ
cblr-2930	339	14	track	track	NOUN
cblr-2930	339	15	record	record	NOUN
cblr-2930	339	16	is	be	AUX
cblr-2930	339	17	an	an	DET
cblr-2930	339	18	empirical	empirical	ADJ
cblr-2930	339	19	question	question	NOUN
cblr-2930	339	20	,	,	PUNCT
cblr-2930	339	21	but	but	CCONJ
cblr-2930	339	22	it	it	PRON
cblr-2930	339	23	certainly	certainly	ADV
cblr-2930	339	24	seems	seem	VERB
cblr-2930	339	25	plausible	plausible	ADJ
cblr-2930	339	26	.	.	PUNCT
cblr-2930	340	1	one	one	NUM
cblr-2930	340	2	piece	piece	NOUN
cblr-2930	340	3	of	of	ADP
cblr-2930	340	4	anecdotal	anecdotal	ADJ
cblr-2930	340	5	evidence	evidence	NOUN
cblr-2930	340	6	stems	stem	VERB
cblr-2930	340	7	from	from	ADP
cblr-2930	340	8	the	the	DET
cblr-2930	340	9	$	$	SYM
cblr-2930	340	10	100	100	NUM
cblr-2930	340	11	billion	billion	NUM
cblr-2930	340	12	-	-	PUNCT
cblr-2930	340	13	plus	plus	CCONJ
cblr-2930	340	14	acquisition	acquisition	NOUN
cblr-2930	340	15	of	of	ADP
cblr-2930	340	16	abn	abn	NOUN
cblr-2930	340	17	amro	amro	NOUN
cblr-2930	340	18	by	by	ADP
cblr-2930	340	19	a	a	DET
cblr-2930	340	20	consortium	consortium	NOUN
cblr-2930	340	21	of	of	ADP
cblr-2930	340	22	three	three	NUM
cblr-2930	340	23	european	european	ADJ
cblr-2930	340	24	banks	bank	NOUN
cblr-2930	340	25	,	,	PUNCT
cblr-2930	340	26	billed	bill	VERB
cblr-2930	340	27	as	as	ADP
cblr-2930	340	28	the	the	DET
cblr-2930	340	29	largest	large	ADJ
cblr-2930	340	30	banking	banking	NOUN
cblr-2930	340	31	deal	deal	NOUN
cblr-2930	340	32	ever	ever	ADV
cblr-2930	340	33	.	.	PUNCT
cblr-2930	341	1	the	the	DET
cblr-2930	341	2	acquisition	acquisition	NOUN
cblr-2930	341	3	took	take	VERB
cblr-2930	341	4	place	place	NOUN
cblr-2930	341	5	just	just	ADV
cblr-2930	341	6	before	before	SCONJ
cblr-2930	341	7	the	the	DET
cblr-2930	341	8	financial	financial	ADJ
cblr-2930	341	9	crisis	crisis	NOUN
cblr-2930	341	10	erupted	erupt	VERB
cblr-2930	341	11	in	in	ADP
cblr-2930	341	12	the	the	DET
cblr-2930	341	13	fall	fall	NOUN
cblr-2930	341	14	of	of	ADP
cblr-2930	341	15	2007	2007	NUM
cblr-2930	341	16	.	.	PUNCT
cblr-2930	342	1	for	for	ADP
cblr-2930	342	2	one	one	NUM
cblr-2930	342	3	consortium	consortium	NOUN
cblr-2930	342	4	member	member	NOUN
cblr-2930	342	5	in	in	ADP
cblr-2930	342	6	particular	particular	ADJ
cblr-2930	342	7	,	,	PUNCT
cblr-2930	342	8	fortis	fortis	PROPN
cblr-2930	342	9	,	,	PUNCT
cblr-2930	342	10	the	the	DET
cblr-2930	342	11	acquisition	acquisition	NOUN
cblr-2930	342	12	entailed	entail	VERB
cblr-2930	342	13	significant	significant	ADJ
cblr-2930	342	14	risks	risk	NOUN
cblr-2930	342	15	.	.	PUNCT
cblr-2930	343	1	apart	apart	ADV
cblr-2930	343	2	from	from	ADP
cblr-2930	343	3	the	the	DET
cblr-2930	343	4	risk	risk	NOUN
cblr-2930	343	5	inherent	inherent	ADJ
cblr-2930	343	6	to	to	ADP
cblr-2930	343	7	splitting	split	VERB
cblr-2930	343	8	a	a	DET
cblr-2930	343	9	large	large	ADJ
cblr-2930	343	10	financial	financial	ADJ
cblr-2930	343	11	institution	institution	NOUN
cblr-2930	343	12	such	such	ADJ
cblr-2930	343	13	as	as	ADP
cblr-2930	343	14	abn	abn	NOUN
cblr-2930	343	15	amro	amro	NOUN
cblr-2930	343	16	in	in	ADP
cblr-2930	343	17	three	three	NUM
cblr-2930	343	18	parts	part	NOUN
cblr-2930	343	19	and	and	CCONJ
cblr-2930	343	20	then	then	ADV
cblr-2930	343	21	to	to	PART
cblr-2930	343	22	successfully	successfully	ADV
cblr-2930	343	23	integrate	integrate	VERB
cblr-2930	343	24	it	it	PRON
cblr-2930	343	25	,	,	PUNCT
cblr-2930	343	26	there	there	PRON
cblr-2930	343	27	was	be	VERB
cblr-2930	343	28	significant	significant	ADJ
cblr-2930	343	29	financing	financing	NOUN
cblr-2930	343	30	risk	risk	NOUN
cblr-2930	343	31	,	,	PUNCT
cblr-2930	343	32	which	which	PRON
cblr-2930	343	33	becomes	become	VERB
cblr-2930	343	34	clear	clear	ADJ
cblr-2930	343	35	from	from	ADP
cblr-2930	343	36	the	the	DET
cblr-2930	343	37	fact	fact	NOUN
cblr-2930	343	38	that	that	SCONJ
cblr-2930	343	39	fortis	fortis	PROPN
cblr-2930	343	40	needed	need	VERB
cblr-2930	343	41	to	to	PART
cblr-2930	343	42	raise	raise	VERB
cblr-2930	343	43	about	about	ADV
cblr-2930	343	44	eighteen	eighteen	NUM
cblr-2930	343	45	billion	billion	NUM
cblr-2930	343	46	dollars	dollar	NOUN
cblr-2930	343	47	in	in	ADP
cblr-2930	343	48	equity	equity	NOUN
cblr-2930	343	49	,	,	PUNCT
cblr-2930	343	50	an	an	DET
cblr-2930	343	51	amount	amount	NOUN
cblr-2930	343	52	roughly	roughly	ADV
cblr-2930	343	53	corresponding	correspond	VERB
cblr-2930	343	54	to	to	ADP
cblr-2930	343	55	half	half	NOUN
cblr-2930	343	56	of	of	ADP
cblr-2930	343	57	its	its	PRON
cblr-2930	343	58	own	own	ADJ
cblr-2930	343	59	market	market	NOUN
cblr-2930	343	60	capitalization	capitalization	NOUN
cblr-2930	343	61	.	.	PUNCT
cblr-2930	344	1	the	the	DET
cblr-2930	344	2	risks	risk	NOUN
cblr-2930	344	3	were	be	AUX
cblr-2930	344	4	widely	widely	ADV
cblr-2930	344	5	publicized	publicize	VERB
cblr-2930	344	6	at	at	ADP
cblr-2930	344	7	the	the	DET
cblr-2930	344	8	time	time	NOUN
cblr-2930	344	9	,	,	PUNCT
cblr-2930	344	10	and	and	CCONJ
cblr-2930	344	11	have	have	AUX
cblr-2930	344	12	arguably	arguably	ADV
cblr-2930	344	13	materialized	materialize	VERB
cblr-2930	344	14	as	as	SCONJ
cblr-2930	344	15	fortis	fortis	PROPN
cblr-2930	344	16	collapsed	collapse	VERB
cblr-2930	344	17	in	in	ADP
cblr-2930	344	18	2008	2008	NUM
cblr-2930	344	19	and	and	CCONJ
cblr-2930	344	20	was	be	AUX
cblr-2930	344	21	nationalized	nationalize	VERB
cblr-2930	344	22	to	to	PART
cblr-2930	344	23	avoid	avoid	VERB
cblr-2930	344	24	a	a	DET
cblr-2930	344	25	meltdown.52	meltdown.52	PROPN
cblr-2930	344	26	0	0	NUM
cblr-2930	344	27	moeller	moeller	PROPN
cblr-2930	344	28	et	et	PROPN
cblr-2930	344	29	al	al	PROPN
cblr-2930	344	30	.	.	PROPN
cblr-2930	344	31	,	,	PUNCT
cblr-2930	344	32	supra	supra	PROPN
cblr-2930	344	33	note	note	PROPN
cblr-2930	344	34	47	47	NUM
cblr-2930	344	35	,	,	PUNCT
cblr-2930	344	36	at	at	ADP
cblr-2930	344	37	777	777	NUM
cblr-2930	344	38	.	.	PUNCT
cblr-2930	345	1	52	52	NUM
cblr-2930	345	2	to	to	PART
cblr-2930	345	3	be	be	AUX
cblr-2930	345	4	sure	sure	ADJ
cblr-2930	345	5	,	,	PUNCT
cblr-2930	345	6	the	the	DET
cblr-2930	345	7	global	global	ADJ
cblr-2930	345	8	financial	financial	ADJ
cblr-2930	345	9	crisis	crisis	NOUN
cblr-2930	345	10	was	be	AUX
cblr-2930	345	11	a	a	DET
cblr-2930	345	12	major	major	ADJ
cblr-2930	345	13	,	,	PUNCT
cblr-2930	345	14	if	if	SCONJ
cblr-2930	345	15	not	not	PART
cblr-2930	345	16	the	the	DET
cblr-2930	345	17	most	most	ADV
cblr-2930	345	18	important	important	ADJ
cblr-2930	345	19	,	,	PUNCT
cblr-2930	345	20	cause	cause	NOUN
cblr-2930	345	21	of	of	ADP
cblr-2930	345	22	fortis	fortis	NOUN
cblr-2930	345	23	's	's	PART
cblr-2930	345	24	demise	demise	NOUN
cblr-2930	345	25	,	,	PUNCT
cblr-2930	345	26	but	but	CCONJ
cblr-2930	345	27	nevertheless	nevertheless	ADV
cblr-2930	345	28	the	the	DET
cblr-2930	345	29	acquisition	acquisition	NOUN
cblr-2930	345	30	of	of	ADP
cblr-2930	345	31	abn	abn	PROPN
cblr-2930	345	32	amro	amro	NOUN
cblr-2930	345	33	,	,	PUNCT
cblr-2930	345	34	in	in	ADP
cblr-2930	345	35	particular	particular	ADJ
cblr-2930	345	36	the	the	DET
cblr-2930	345	37	financing	financing	NOUN
cblr-2930	345	38	burden	burden	NOUN
cblr-2930	345	39	,	,	PUNCT
cblr-2930	345	40	is	be	AUX
cblr-2930	345	41	widely	widely	ADV
cblr-2930	345	42	seen	see	VERB
cblr-2930	345	43	as	as	ADP
cblr-2930	345	44	having	having	AUX
cblr-2930	345	45	contributed	contribute	VERB
cblr-2930	345	46	to	to	ADP
cblr-2930	345	47	its	its	PRON
cblr-2930	345	48	demise	demise	NOUN
cblr-2930	345	49	.	.	PUNCT
cblr-2930	346	1	see	see	VERB
cblr-2930	346	2	verloren	verloren	PROPN
cblr-2930	346	3	krediet	krediet	PROPN
cblr-2930	346	4	:	:	PUNCT
cblr-2930	346	5	final	final	ADJ
cblr-2930	346	6	report	report	NOUN
cblr-2930	346	7	of	of	ADP
cblr-2930	346	8	the	the	DET
cblr-2930	346	9	dutch	dutch	ADJ
cblr-2930	346	10	parlamentary	parlamentary	ADJ
cblr-2930	346	11	inquiry	inquiry	NOUN
cblr-2930	346	12	into	into	ADP
cblr-2930	346	13	the	the	DET
cblr-2930	346	14	financial	financial	ADJ
cblr-2930	346	15	crisis	crisis	NOUN
cblr-2930	346	16	,	,	PUNCT
cblr-2930	346	17	kamerstukken	kamerstukken	VERB
cblr-2930	346	18	31	31	NUM
cblr-2930	346	19	980	980	NUM
cblr-2930	346	20	,	,	PUNCT
cblr-2930	346	21	nrs	nrs	PROPN
cblr-2930	346	22	.	.	PROPN
cblr-2930	346	23	3	3	NUM
cblr-2930	346	24	-	-	SYM
cblr-2930	346	25	4	4	NUM
cblr-2930	346	26	,	,	PUNCT
cblr-2930	346	27	85	85	NUM
cblr-2930	346	28	(	(	PUNCT
cblr-2930	346	29	2010	2010	NUM
cblr-2930	346	30	)	)	PUNCT
cblr-2930	346	31	,	,	PUNCT
cblr-2930	346	32	available	available	ADJ
cblr-2930	346	33	at	at	ADP
cblr-2930	346	34	http-/www.tweedekamer.nl	http-/www.tweedekamer.nl	ADJ
cblr-2930	346	35	/	/	SYM
cblr-2930	346	36	images/	images/	NUM
cblr-2930	346	37	eerste	eerste	NOUN
cblr-2930	346	38	-	-	PUNCT
cblr-2930	346	39	rapporttijdelijke	rapporttijdelijke	NOUN
cblr-2930	346	40	-	-	PUNCT
cblr-2930	346	41	commissieonderzoekfinancieel	commissieonderzoekfinancieel	NOUN
cblr-2930	346	42	stelsel_118	stelsel_118	VERB
cblr-2930	346	43	-	-	NOUN
cblr-2930	346	44	20654	20654	NUM
cblr-2930	346	45	2.pdf	2.pdf	NOUN
cblr-2930	346	46	;	;	PUNCT
cblr-2930	346	47	vidya	vidya	PROPN
cblr-2930	346	48	ram	ram	PROPN
cblr-2930	346	49	,	,	PUNCT
cblr-2930	346	50	fortis	fortis	NOUN
cblr-2930	346	51	suffers	suffer	VERB
cblr-2930	346	52	abn	abn	NOUN
cblr-2930	346	53	pain	pain	NOUN
cblr-2930	346	54	,	,	PUNCT
cblr-2930	346	55	forbes	forbes	PROPN
cblr-2930	346	56	(	(	PUNCT
cblr-2930	346	57	june	june	PROPN
cblr-2930	346	58	26	26	NUM
cblr-2930	346	59	,	,	PUNCT
cblr-2930	346	60	2008	2008	NUM
cblr-2930	346	61	,	,	PUNCT
cblr-2930	346	62	2:25	2:25	NUM
cblr-2930	346	63	pm	pm	NOUN
cblr-2930	346	64	)	)	PUNCT
cblr-2930	346	65	,	,	PUNCT
cblr-2930	346	66	available	available	ADJ
cblr-2930	346	67	at	at	ADP
cblr-2930	346	68	http//www.forbes.com/2008/06/26	http//www.forbes.com/2008/06/26	NOUN
cblr-2930	346	69	/	/	SYM
cblr-2930	346	70	fortis	fortis	NOUN
cblr-2930	346	71	-	-	PUNCT
cblr-2930	346	72	capital	capital	NOUN
cblr-2930	346	73	-	-	PUNCT
cblr-2930	346	74	update	update	NOUN
cblr-2930	346	75	-	-	PUNCT
cblr-2930	346	76	marketsequity	marketsequity	NOUN
cblr-2930	346	77	-	-	PUNCT
cblr-2930	346	78	cxyr_0626markets23.html	cxyr_0626markets23.html	NOUN
cblr-2930	346	79	.	.	PUNCT
cblr-2930	347	1	for	for	ADP
cblr-2930	347	2	a	a	DET
cblr-2930	347	3	detailed	detailed	ADJ
cblr-2930	347	4	account	account	NOUN
cblr-2930	347	5	of	of	ADP
cblr-2930	347	6	the	the	DET
cblr-2930	347	7	events	event	NOUN
cblr-2930	347	8	preceding	precede	VERB
cblr-2930	347	9	and	and	CCONJ
cblr-2930	347	10	following	follow	VERB
cblr-2930	347	11	the	the	DET
cblr-2930	347	12	acquisition	acquisition	NOUN
cblr-2930	347	13	of	of	ADP
cblr-2930	347	14	abn	abn	NOUN
cblr-2930	347	15	amro	amro	NOUN
cblr-2930	347	16	by	by	ADP
cblr-2930	347	17	fortis	fortis	PROPN
cblr-2930	347	18	,	,	PUNCT
cblr-2930	347	19	see	see	VERB
cblr-2930	347	20	stefaan	stefaan	VERB
cblr-2930	347	21	michielsen	michielsen	PROPN
cblr-2930	347	22	&	&	CCONJ
cblr-2930	347	23	michael	michael	PROPN
cblr-2930	347	24	sephiha	sephiha	PROPN
cblr-2930	347	25	,	,	PUNCT
cblr-2930	347	26	bankroet	bankroet	NOUN
cblr-2930	347	27	(	(	PUNCT
cblr-2930	347	28	tielt	tielt	ADJ
cblr-2930	347	29	,	,	PUNCT
cblr-2930	347	30	terra	terra	NOUN
cblr-2930	347	31	lannoo	lannoo	VERB
cblr-2930	347	32	2009	2009	NUM
cblr-2930	347	33	)	)	PUNCT
cblr-2930	347	34	.	.	PUNCT
cblr-2930	348	1	no	no	INTJ
cblr-2930	348	2	.	.	PUNCT
cblr-2930	349	1	3:763	3:763	NUM
cblr-2930	349	2	]	]	PUNCT
cblr-2930	349	3	785	785	NUM
cblr-2930	349	4	columbia	columbia	PROPN
cblr-2930	349	5	business	business	NOUN
cblr-2930	349	6	law	law	PROPN
cblr-2930	349	7	review	review	NOUN
cblr-2930	349	8	and	and	CCONJ
cblr-2930	349	9	yet	yet	ADV
cblr-2930	349	10	,	,	PUNCT
cblr-2930	349	11	the	the	DET
cblr-2930	349	12	acquisition	acquisition	NOUN
cblr-2930	349	13	was	be	AUX
cblr-2930	349	14	approved	approve	VERB
cblr-2930	349	15	by	by	ADP
cblr-2930	349	16	more	more	ADJ
cblr-2930	349	17	than	than	ADP
cblr-2930	349	18	ninety	ninety	NUM
cblr-2930	349	19	percent	percent	NOUN
cblr-2930	349	20	of	of	ADP
cblr-2930	349	21	fortis	fortis	NOUN
cblr-2930	349	22	shareholders	shareholder	NOUN
cblr-2930	349	23	.	.	PUNCT
cblr-2930	349	24	"	"	PUNCT
cblr-2930	350	1	why	why	SCONJ
cblr-2930	350	2	?	?	PUNCT
cblr-2930	351	1	possibly	possibly	ADV
cblr-2930	351	2	because	because	SCONJ
cblr-2930	351	3	they	they	PRON
cblr-2930	351	4	attached	attach	VERB
cblr-2930	351	5	too	too	ADV
cblr-2930	351	6	much	much	ADJ
cblr-2930	351	7	significance	significance	NOUN
cblr-2930	351	8	to	to	ADP
cblr-2930	351	9	management	management	NOUN
cblr-2930	351	10	's	's	PART
cblr-2930	351	11	prior	prior	ADJ
cblr-2930	351	12	successes	success	NOUN
cblr-2930	351	13	,	,	PUNCT
cblr-2930	351	14	which	which	PRON
cblr-2930	351	15	were	be	AUX
cblr-2930	351	16	emphasized	emphasize	VERB
cblr-2930	351	17	by	by	ADP
cblr-2930	351	18	management	management	NOUN
cblr-2930	351	19	in	in	ADP
cblr-2930	351	20	its	its	PRON
cblr-2930	351	21	attempts	attempt	NOUN
cblr-2930	351	22	to	to	PART
cblr-2930	351	23	sell	sell	VERB
cblr-2930	351	24	the	the	DET
cblr-2930	351	25	deal	deal	NOUN
cblr-2930	351	26	.	.	PUNCT
cblr-2930	351	27	"	"	PUNCT
cblr-2930	352	1	indeed	indeed	ADV
cblr-2930	352	2	,	,	PUNCT
cblr-2930	352	3	one	one	NUM
cblr-2930	352	4	shareholder	shareholder	NOUN
cblr-2930	352	5	was	be	AUX
cblr-2930	352	6	quoted	quote	VERB
cblr-2930	352	7	as	as	ADP
cblr-2930	352	8	saying	say	VERB
cblr-2930	352	9	that	that	SCONJ
cblr-2930	352	10	he	he	PRON
cblr-2930	352	11	voted	vote	VERB
cblr-2930	352	12	in	in	ADP
cblr-2930	352	13	favor	favor	NOUN
cblr-2930	352	14	of	of	ADP
cblr-2930	352	15	the	the	DET
cblr-2930	352	16	bid	bid	NOUN
cblr-2930	352	17	"	"	PUNCT
cblr-2930	352	18	to	to	PART
cblr-2930	352	19	support	support	VERB
cblr-2930	352	20	fortis	fortis	NOUN
cblr-2930	352	21	management	management	NOUN
cblr-2930	352	22	"	"	PUNCT
cblr-2930	352	23	and	and	CCONJ
cblr-2930	352	24	that	that	SCONJ
cblr-2930	352	25	he	he	PRON
cblr-2930	352	26	had	have	VERB
cblr-2930	352	27	"	"	PUNCT
cblr-2930	352	28	rock	rock	NOUN
cblr-2930	352	29	solid	solid	ADJ
cblr-2930	352	30	"	"	PUNCT
cblr-2930	352	31	confidence	confidence	NOUN
cblr-2930	352	32	in	in	ADP
cblr-2930	352	33	management	management	NOUN
cblr-2930	352	34	's	's	PART
cblr-2930	352	35	plans	plan	NOUN
cblr-2930	352	36	.	.	PUNCT
cblr-2930	352	37	"	"	PUNCT
cblr-2930	353	1	more	more	ADV
cblr-2930	353	2	tellingly	tellingly	ADV
cblr-2930	353	3	,	,	PUNCT
cblr-2930	353	4	many	many	ADJ
cblr-2930	353	5	institutional	institutional	ADJ
cblr-2930	353	6	investors	investor	NOUN
cblr-2930	353	7	were	be	AUX
cblr-2930	353	8	likely	likely	ADJ
cblr-2930	353	9	to	to	PART
cblr-2930	353	10	have	have	AUX
cblr-2930	353	11	followed	follow	VERB
cblr-2930	353	12	iss	iss	PROPN
cblr-2930	353	13	's	's	PART
cblr-2930	353	14	recommendation	recommendation	NOUN
cblr-2930	353	15	to	to	PART
cblr-2930	353	16	vote	vote	VERB
cblr-2930	353	17	in	in	ADP
cblr-2930	353	18	favor	favor	NOUN
cblr-2930	353	19	of	of	ADP
cblr-2930	353	20	the	the	DET
cblr-2930	353	21	acquisition	acquisition	NOUN
cblr-2930	353	22	,	,	PUNCT
cblr-2930	353	23	which	which	PRON
cblr-2930	353	24	was	be	AUX
cblr-2930	353	25	based	base	VERB
cblr-2930	353	26	in	in	ADP
cblr-2930	353	27	part	part	NOUN
cblr-2930	353	28	on	on	ADP
cblr-2930	353	29	the	the	DET
cblr-2930	353	30	fact	fact	NOUN
cblr-2930	353	31	that	that	SCONJ
cblr-2930	353	32	fortis	fortis	PROPN
cblr-2930	353	33	had	have	AUX
cblr-2930	353	34	a	a	DET
cblr-2930	353	35	strong	strong	ADJ
cblr-2930	353	36	record	record	NOUN
cblr-2930	353	37	of	of	ADP
cblr-2930	353	38	prior	prior	ADJ
cblr-2930	353	39	-	-	PUNCT
cblr-2930	353	40	but	but	CCONJ
cblr-2930	353	41	smaller	small	ADJ
cblr-2930	353	42	-	-	PUNCT
cblr-2930	353	43	acquisitions	acquisition	NOUN
cblr-2930	353	44	.	.	PUNCT
cblr-2930	353	45	"	"	PUNCT
cblr-2930	354	1	2	2	X
cblr-2930	354	2	.	.	X
cblr-2930	354	3	optimism	optimism	NOUN
cblr-2930	354	4	few	few	ADJ
cblr-2930	354	5	scholars	scholar	NOUN
cblr-2930	354	6	have	have	AUX
cblr-2930	354	7	contributed	contribute	VERB
cblr-2930	354	8	more	more	ADJ
cblr-2930	354	9	to	to	ADP
cblr-2930	354	10	our	our	PRON
cblr-2930	354	11	understanding	understanding	NOUN
cblr-2930	354	12	of	of	ADP
cblr-2930	354	13	irrational	irrational	ADJ
cblr-2930	354	14	investor	investor	NOUN
cblr-2930	354	15	behavior	behavior	NOUN
cblr-2930	354	16	than	than	ADP
cblr-2930	354	17	robert	robert	PROPN
cblr-2930	354	18	shiller	shiller	PROPN
cblr-2930	354	19	,	,	PUNCT
cblr-2930	354	20	and	and	CCONJ
cblr-2930	354	21	much	much	ADJ
cblr-2930	354	22	of	of	ADP
cblr-2930	354	23	his	his	PRON
cblr-2930	354	24	insights	insight	NOUN
cblr-2930	354	25	on	on	ADP
cblr-2930	354	26	how	how	SCONJ
cblr-2930	354	27	psychological	psychological	ADJ
cblr-2930	354	28	and	and	CCONJ
cblr-2930	354	29	cultural	cultural	ADJ
cblr-2930	354	30	factors	factor	NOUN
cblr-2930	354	31	affect	affect	VERB
cblr-2930	354	32	investment	investment	NOUN
cblr-2930	354	33	behavior	behavior	NOUN
cblr-2930	354	34	are	be	AUX
cblr-2930	354	35	of	of	ADP
cblr-2930	354	36	direct	direct	ADJ
cblr-2930	354	37	use	use	NOUN
cblr-2930	354	38	when	when	SCONJ
cblr-2930	354	39	studying	study	VERB
cblr-2930	354	40	voting	voting	NOUN
cblr-2930	354	41	behavior	behavior	NOUN
cblr-2930	354	42	.	.	PUNCT
cblr-2930	355	1	consider	consider	VERB
cblr-2930	355	2	internet	internet	NOUN
cblr-2930	355	3	stocks	stock	NOUN
cblr-2930	355	4	.	.	PUNCT
cblr-2930	356	1	the	the	DET
cblr-2930	356	2	fact	fact	NOUN
cblr-2930	356	3	that	that	SCONJ
cblr-2930	356	4	many	many	ADJ
cblr-2930	356	5	of	of	ADP
cblr-2930	356	6	these	these	DET
cblr-2930	356	7	stocks	stock	NOUN
cblr-2930	356	8	have	have	AUX
cblr-2930	356	9	turned	turn	VERB
cblr-2930	356	10	out	out	ADP
cblr-2930	356	11	to	to	PART
cblr-2930	356	12	be	be	AUX
cblr-2930	356	13	overpriced	overprice	VERB
cblr-2930	356	14	"	"	PUNCT
cblr-2930	356	15	julia	julia	PROPN
cblr-2930	356	16	werdigier	werdigier	NOUN
cblr-2930	356	17	,	,	PUNCT
cblr-2930	356	18	fortis	fortis	PROPN
cblr-2930	356	19	shareholders	shareholder	NOUN
cblr-2930	356	20	back	back	PROPN
cblr-2930	356	21	group	group	NOUN
cblr-2930	356	22	bid	bid	NOUN
cblr-2930	356	23	for	for	ADP
cblr-2930	356	24	abn	abn	PROPN
cblr-2930	356	25	amro	amro	NOUN
cblr-2930	356	26	,	,	PUNCT
cblr-2930	356	27	n.y	n.y	PROPN
cblr-2930	356	28	.	.	PROPN
cblr-2930	356	29	times	times	PROPN
cblr-2930	356	30	,	,	PUNCT
cblr-2930	356	31	aug	aug	PROPN
cblr-2930	356	32	.	.	PROPN
cblr-2930	356	33	7	7	NUM
cblr-2930	356	34	,	,	PUNCT
cblr-2930	356	35	2007	2007	NUM
cblr-2930	356	36	,	,	PUNCT
cblr-2930	356	37	at	at	ADP
cblr-2930	356	38	c5	c5	PROPN
cblr-2930	356	39	.	.	PUNCT
cblr-2930	356	40	'	'	PUNCT
cblr-2930	357	1	see	see	VERB
cblr-2930	357	2	,	,	PUNCT
cblr-2930	357	3	e.g.	e.g.	ADV
cblr-2930	357	4	,	,	PUNCT
cblr-2930	357	5	press	press	NOUN
cblr-2930	357	6	release	release	NOUN
cblr-2930	357	7	,	,	PUNCT
cblr-2930	357	8	fortis	fortis	NOUN
cblr-2930	357	9	,	,	PUNCT
cblr-2930	357	10	rbs	rbs	PROPN
cblr-2930	357	11	and	and	CCONJ
cblr-2930	357	12	santander	santander	NOUN
cblr-2930	357	13	proposed	propose	VERB
cblr-2930	357	14	offer	offer	NOUN
cblr-2930	357	15	for	for	ADP
cblr-2930	357	16	abn	abn	NOUN
cblr-2930	357	17	amro	amro	NOUN
cblr-2930	357	18	,	,	PUNCT
cblr-2930	357	19	(	(	PUNCT
cblr-2930	357	20	press	press	NOUN
cblr-2930	357	21	release	release	NOUN
cblr-2930	357	22	dated	date	VERB
cblr-2930	357	23	29	29	NUM
cblr-2930	357	24	may	may	NOUN
cblr-2930	357	25	2009	2009	NUM
cblr-2930	357	26	)	)	PUNCT
cblr-2930	357	27	(	(	PUNCT
cblr-2930	357	28	noting	note	VERB
cblr-2930	357	29	strong	strong	ADJ
cblr-2930	357	30	track	track	NOUN
cblr-2930	357	31	record	record	NOUN
cblr-2930	357	32	of	of	ADP
cblr-2930	357	33	successful	successful	ADJ
cblr-2930	357	34	integrations	integration	NOUN
cblr-2930	357	35	of	of	ADP
cblr-2930	357	36	acquired	acquire	VERB
cblr-2930	357	37	businesses	business	NOUN
cblr-2930	357	38	,	,	PUNCT
cblr-2930	357	39	including	include	VERB
cblr-2930	357	40	delivery	delivery	NOUN
cblr-2930	357	41	of	of	ADP
cblr-2930	357	42	promised	promise	VERB
cblr-2930	357	43	transaction	transaction	NOUN
cblr-2930	357	44	benefits	benefit	NOUN
cblr-2930	357	45	)	)	PUNCT
cblr-2930	357	46	.	.	PUNCT
cblr-2930	357	47	"	"	PUNCT
cblr-2930	358	1	fortis	fortis	PROPN
cblr-2930	358	2	shareholders	shareholder	NOUN
cblr-2930	358	3	back	back	ADV
cblr-2930	358	4	proposal	proposal	NOUN
cblr-2930	358	5	for	for	ADP
cblr-2930	358	6	abn	abn	PROPN
cblr-2930	358	7	amro	amro	PROPN
cblr-2930	358	8	bid	bid	PROPN
cblr-2930	358	9	,	,	PUNCT
cblr-2930	358	10	bloomberg	bloomberg	PROPN
cblr-2930	358	11	,	,	PUNCT
cblr-2930	358	12	aug	aug	PROPN
cblr-2930	358	13	.	.	PROPN
cblr-2930	358	14	6	6	NUM
cblr-2930	358	15	,	,	PUNCT
cblr-2930	358	16	2007	2007	NUM
cblr-2930	358	17	,	,	PUNCT
cblr-2930	358	18	http	http	NOUN
cblr-2930	358	19	/	/	SYM
cblr-2930	358	20	www.bloomberg.comi	www.bloomberg.comi	NOUN
cblr-2930	358	21	/	/	SYM
cblr-2930	358	22	apps	app	NOUN
cblr-2930	358	23	/	/	SYM
cblr-2930	358	24	news?pid	news?pid	PROPN
cblr-2930	358	25	=	=	NOUN
cblr-2930	358	26	newsarchive&sid=	newsarchive&sid=	NOUN
cblr-2930	358	27	auhgev70jmyl&refer	auhgev70jmyl&refer	NOUN
cblr-2930	358	28	-	-	PUNCT
cblr-2930	358	29	europe	europe	NOUN
cblr-2930	358	30	.	.	PUNCT
cblr-2930	358	31	'	'	PUNCT
cblr-2930	359	1	support	support	NOUN
cblr-2930	359	2	seen	see	VERB
cblr-2930	359	3	for	for	ADP
cblr-2930	359	4	fortis	fortis	NOUN
cblr-2930	359	5	share	share	NOUN
cblr-2930	359	6	issue	issue	NOUN
cblr-2930	359	7	,	,	PUNCT
cblr-2930	359	8	reuters	reuter	NOUN
cblr-2930	359	9	,	,	PUNCT
cblr-2930	359	10	august	august	PROPN
cblr-2930	359	11	1	1	NUM
cblr-2930	359	12	,	,	PUNCT
cblr-2930	359	13	2007	2007	NUM
cblr-2930	359	14	,	,	PUNCT
cblr-2930	359	15	available	available	ADJ
cblr-2930	359	16	at	at	ADP
cblr-2930	359	17	http://uk.reuters.com/articleidukl017304920070801	http://uk.reuters.com/articleidukl017304920070801	NOUN
cblr-2930	359	18	;	;	PUNCT
cblr-2930	359	19	fortis	fortis	PROPN
cblr-2930	359	20	krijgt	krijgt	PROPN
cblr-2930	359	21	steun	steun	PROPN
cblr-2930	359	22	adviesbureaus	adviesbureaus	PROPN
cblr-2930	359	23	voor	voor	PROPN
cblr-2930	359	24	overname	overname	PROPN
cblr-2930	359	25	abn	abn	PROPN
cblr-2930	359	26	,	,	PUNCT
cblr-2930	359	27	het	het	PROPN
cblr-2930	359	28	financieele	financieele	PROPN
cblr-2930	359	29	dagblad	dagblad	PROPN
cblr-2930	359	30	,	,	PUNCT
cblr-2930	359	31	august	august	PROPN
cblr-2930	359	32	1	1	NUM
cblr-2930	359	33	,	,	PUNCT
cblr-2930	359	34	2007	2007	NUM
cblr-2930	359	35	.	.	PUNCT
cblr-2930	360	1	the	the	DET
cblr-2930	360	2	same	same	ADJ
cblr-2930	360	3	bias	bias	NOUN
cblr-2930	360	4	might	might	AUX
cblr-2930	360	5	help	help	VERB
cblr-2930	360	6	to	to	PART
cblr-2930	360	7	explain	explain	VERB
cblr-2930	360	8	the	the	DET
cblr-2930	360	9	overwhelming	overwhelming	ADJ
cblr-2930	360	10	support	support	NOUN
cblr-2930	360	11	for	for	ADP
cblr-2930	360	12	the	the	DET
cblr-2930	360	13	acquisition	acquisition	NOUN
cblr-2930	360	14	of	of	ADP
cblr-2930	360	15	abn	abn	NOUN
cblr-2930	360	16	amro	amro	NOUN
cblr-2930	360	17	by	by	ADP
cblr-2930	360	18	the	the	DET
cblr-2930	360	19	shareholders	shareholder	NOUN
cblr-2930	360	20	of	of	ADP
cblr-2930	360	21	another	another	DET
cblr-2930	360	22	member	member	NOUN
cblr-2930	360	23	of	of	ADP
cblr-2930	360	24	the	the	DET
cblr-2930	360	25	bidding	bidding	NOUN
cblr-2930	360	26	consortium	consortium	NOUN
cblr-2930	360	27	,	,	PUNCT
cblr-2930	360	28	the	the	DET
cblr-2930	360	29	royal	royal	ADJ
cblr-2930	360	30	bank	bank	PROPN
cblr-2930	360	31	of	of	ADP
cblr-2930	360	32	scotland	scotland	PROPN
cblr-2930	360	33	(	(	PUNCT
cblr-2930	360	34	rbs	rbs	PROPN
cblr-2930	360	35	)	)	PUNCT
cblr-2930	360	36	.	.	PUNCT
cblr-2930	361	1	rbs	rbs	PROPN
cblr-2930	361	2	was	be	AUX
cblr-2930	361	3	led	lead	VERB
cblr-2930	361	4	by	by	ADP
cblr-2930	361	5	sir	sir	PROPN
cblr-2930	361	6	fred	fred	PROPN
cblr-2930	361	7	goodwin	goodwin	PROPN
cblr-2930	361	8	,	,	PUNCT
cblr-2930	361	9	who	who	PRON
cblr-2930	361	10	also	also	ADV
cblr-2930	361	11	had	have	VERB
cblr-2930	361	12	a	a	DET
cblr-2930	361	13	strong	strong	ADJ
cblr-2930	361	14	track	track	NOUN
cblr-2930	361	15	record	record	NOUN
cblr-2930	361	16	of	of	ADP
cblr-2930	361	17	prior	prior	ADJ
cblr-2930	361	18	acquisitions	acquisition	NOUN
cblr-2930	361	19	.	.	PUNCT
cblr-2930	362	1	again	again	ADV
cblr-2930	362	2	,	,	PUNCT
cblr-2930	362	3	this	this	DET
cblr-2930	362	4	track	track	NOUN
cblr-2930	362	5	record	record	NOUN
cblr-2930	362	6	played	play	VERB
cblr-2930	362	7	a	a	DET
cblr-2930	362	8	major	major	ADJ
cblr-2930	362	9	role	role	NOUN
cblr-2930	362	10	in	in	ADP
cblr-2930	362	11	securing	secure	VERB
cblr-2930	362	12	shareholder	shareholder	NOUN
cblr-2930	362	13	support	support	NOUN
cblr-2930	362	14	,	,	PUNCT
cblr-2930	362	15	and	and	CCONJ
cblr-2930	362	16	again	again	ADV
cblr-2930	362	17	,	,	PUNCT
cblr-2930	362	18	rbs	rbs	PROPN
cblr-2930	362	19	suffered	suffer	VERB
cblr-2930	362	20	greatly	greatly	ADV
cblr-2930	362	21	following	follow	VERB
cblr-2930	362	22	the	the	DET
cblr-2930	362	23	acquisition	acquisition	NOUN
cblr-2930	362	24	of	of	ADP
cblr-2930	362	25	abn	abn	PROPN
cblr-2930	362	26	amro	amro	NOUN
cblr-2930	362	27	.	.	PUNCT
cblr-2930	363	1	said	say	VERB
cblr-2930	363	2	one	one	NUM
cblr-2930	363	3	commentator	commentator	NOUN
cblr-2930	363	4	,	,	PUNCT
cblr-2930	363	5	"	"	PUNCT
cblr-2930	363	6	fred	fred	PROPN
cblr-2930	363	7	had	have	AUX
cblr-2930	363	8	never	never	ADV
cblr-2930	363	9	failed	fail	VERB
cblr-2930	363	10	until	until	SCONJ
cblr-2930	363	11	he	he	PRON
cblr-2930	363	12	failed	fail	VERB
cblr-2930	363	13	.	.	PUNCT
cblr-2930	363	14	"	"	PUNCT
cblr-2930	364	1	reviving	revive	VERB
cblr-2930	364	2	royal	royal	ADJ
cblr-2930	364	3	bank	bank	PROPN
cblr-2930	364	4	of	of	ADP
cblr-2930	364	5	scotland	scotland	PROPN
cblr-2930	364	6	:	:	PUNCT
cblr-2930	364	7	scots	scot	NOUN
cblr-2930	364	8	on	on	ADP
cblr-2930	364	9	the	the	DET
cblr-2930	364	10	rocks	rock	NOUN
cblr-2930	364	11	,	,	PUNCT
cblr-2930	364	12	economist	economist	NOUN
cblr-2930	364	13	,	,	PUNCT
cblr-2930	364	14	feb	feb	PROPN
cblr-2930	364	15	.	.	PROPN
cblr-2930	364	16	27	27	NUM
cblr-2930	364	17	,	,	PUNCT
cblr-2930	364	18	2010	2010	NUM
cblr-2930	364	19	,	,	PUNCT
cblr-2930	364	20	available	available	ADJ
cblr-2930	364	21	at	at	ADP
cblr-2930	364	22	http	http	PROPN
cblr-2930	364	23	/	/	SYM
cblr-2930	364	24	avww.economist.com	avww.economist.com	PROPN
cblr-2930	364	25	/	/	SYM
cblr-2930	364	26	node/15580696	node/15580696	NOUN
cblr-2930	364	27	.	.	PUNCT
cblr-2930	365	1	786	786	NUM
cblr-2930	366	1	[	[	NOUN
cblr-2930	366	2	vol	vol	NOUN
cblr-2930	366	3	.	.	PUNCT
cblr-2930	366	4	2010	2010	NUM
cblr-2930	366	5	suggests	suggest	VERB
cblr-2930	366	6	that	that	SCONJ
cblr-2930	366	7	investors	investor	NOUN
cblr-2930	366	8	had	have	VERB
cblr-2930	366	9	an	an	DET
cblr-2930	366	10	exaggerated	exaggerated	ADJ
cblr-2930	366	11	view	view	NOUN
cblr-2930	366	12	of	of	ADP
cblr-2930	366	13	their	their	PRON
cblr-2930	366	14	potential	potential	NOUN
cblr-2930	366	15	.	.	PUNCT
cblr-2930	366	16	"	"	PUNCT
cblr-2930	367	1	a	a	DET
cblr-2930	367	2	possible	possible	ADJ
cblr-2930	367	3	explanation	explanation	NOUN
cblr-2930	367	4	for	for	ADP
cblr-2930	367	5	this	this	PRON
cblr-2930	367	6	is	be	AUX
cblr-2930	367	7	what	what	PRON
cblr-2930	367	8	shiller	shiller	PROPN
cblr-2930	367	9	refers	refer	VERB
cblr-2930	367	10	to	to	ADP
cblr-2930	367	11	as	as	ADP
cblr-2930	367	12	"	"	PUNCT
cblr-2930	367	13	new	new	ADJ
cblr-2930	367	14	era	era	NOUN
cblr-2930	367	15	economic	economic	ADJ
cblr-2930	367	16	thinking	thinking	NOUN
cblr-2930	367	17	"	"	PUNCT
cblr-2930	367	18	:	:	PUNCT
cblr-2930	367	19	"	"	PUNCT
cblr-2930	367	20	[	[	X
cblr-2930	367	21	tihe	tihe	ADJ
cblr-2930	367	22	arrival	arrival	NOUN
cblr-2930	367	23	of	of	ADP
cblr-2930	367	24	the	the	DET
cblr-2930	367	25	internet	internet	NOUN
cblr-2930	367	26	in	in	ADP
cblr-2930	367	27	the	the	DET
cblr-2930	367	28	mid-1990	mid-1990	NOUN
cblr-2930	367	29	's	's	PART
cblr-2930	367	30	was	be	AUX
cblr-2930	367	31	interpreted	interpret	VERB
cblr-2930	367	32	by	by	ADP
cblr-2930	367	33	many	many	ADJ
cblr-2930	367	34	casual	casual	ADJ
cblr-2930	367	35	observers	observer	NOUN
cblr-2930	367	36	as	as	ADP
cblr-2930	367	37	a	a	DET
cblr-2930	367	38	fundamental	fundamental	ADJ
cblr-2930	367	39	change	change	NOUN
cblr-2930	367	40	that	that	PRON
cblr-2930	367	41	would	would	AUX
cblr-2930	367	42	boost	boost	VERB
cblr-2930	367	43	the	the	DET
cblr-2930	367	44	productivity	productivity	NOUN
cblr-2930	367	45	of	of	ADP
cblr-2930	367	46	the	the	DET
cblr-2930	367	47	economy	economy	NOUN
cblr-2930	367	48	,	,	PUNCT
cblr-2930	367	49	since	since	SCONJ
cblr-2930	367	50	the	the	DET
cblr-2930	367	51	internet	internet	NOUN
cblr-2930	367	52	is	be	AUX
cblr-2930	367	53	a	a	DET
cblr-2930	367	54	communications	communication	NOUN
cblr-2930	367	55	and	and	CCONJ
cblr-2930	367	56	distribution	distribution	NOUN
cblr-2930	367	57	system	system	NOUN
cblr-2930	367	58	of	of	ADP
cblr-2930	367	59	fundamental	fundamental	ADJ
cblr-2930	367	60	importance	importance	NOUN
cblr-2930	367	61	.	.	PUNCT
cblr-2930	368	1	"	"	PUNCT
cblr-2930	368	2	"	"	PUNCT
cblr-2930	368	3	this	this	DET
cblr-2930	368	4	new	new	ADJ
cblr-2930	368	5	era	era	NOUN
cblr-2930	368	6	thinking	thinking	NOUN
cblr-2930	368	7	seems	seem	VERB
cblr-2930	368	8	to	to	PART
cblr-2930	368	9	have	have	AUX
cblr-2930	368	10	encouraged	encourage	VERB
cblr-2930	368	11	investors	investor	NOUN
cblr-2930	368	12	to	to	PART
cblr-2930	368	13	invest	invest	VERB
cblr-2930	368	14	in	in	ADP
cblr-2930	368	15	internet	internet	NOUN
cblr-2930	368	16	stocks	stock	NOUN
cblr-2930	368	17	-	-	PUNCT
cblr-2930	368	18	until	until	SCONJ
cblr-2930	368	19	the	the	DET
cblr-2930	368	20	bubble	bubble	NOUN
cblr-2930	368	21	burst	burst	NOUN
cblr-2930	368	22	.	.	PUNCT
cblr-2930	369	1	the	the	DET
cblr-2930	369	2	same	same	ADJ
cblr-2930	369	3	thinking	thinking	NOUN
cblr-2930	369	4	may	may	AUX
cblr-2930	369	5	well	well	ADV
cblr-2930	369	6	have	have	AUX
cblr-2930	369	7	encouraged	encourage	VERB
cblr-2930	369	8	them	they	PRON
cblr-2930	369	9	to	to	PART
cblr-2930	369	10	vote	vote	VERB
cblr-2930	369	11	in	in	ADP
cblr-2930	369	12	favor	favor	NOUN
cblr-2930	369	13	of	of	ADP
cblr-2930	369	14	proposed	propose	VERB
cblr-2930	369	15	acquisitions	acquisition	NOUN
cblr-2930	369	16	of	of	ADP
cblr-2930	369	17	overpriced	overpriced	ADJ
cblr-2930	369	18	internet	internet	NOUN
cblr-2930	369	19	companies	company	NOUN
cblr-2930	369	20	.	.	PUNCT
cblr-2930	370	1	the	the	DET
cblr-2930	370	2	three	three	NUM
cblr-2930	370	3	and	and	CCONJ
cblr-2930	370	4	a	a	DET
cblr-2930	370	5	half	half	NOUN
cblr-2930	370	6	billion	billion	NUM
cblr-2930	370	7	dollar	dollar	NOUN
cblr-2930	370	8	acquisition	acquisition	NOUN
cblr-2930	370	9	by	by	ADP
cblr-2930	370	10	toymaker	toymaker	NOUN
cblr-2930	370	11	mattel	mattel	NOUN
cblr-2930	370	12	of	of	ADP
cblr-2930	370	13	software	software	NOUN
cblr-2930	370	14	maker	maker	NOUN
cblr-2930	370	15	the	the	DET
cblr-2930	370	16	learning	learn	VERB
cblr-2930	370	17	company	company	NOUN
cblr-2930	370	18	in	in	ADP
cblr-2930	370	19	1999	1999	NUM
cblr-2930	370	20	is	be	AUX
cblr-2930	370	21	arguably	arguably	ADV
cblr-2930	370	22	a	a	DET
cblr-2930	370	23	case	case	NOUN
cblr-2930	370	24	in	in	ADP
cblr-2930	370	25	point	point	NOUN
cblr-2930	370	26	.	.	PUNCT
cblr-2930	371	1	the	the	DET
cblr-2930	371	2	acquisition	acquisition	NOUN
cblr-2930	371	3	proved	prove	VERB
cblr-2930	371	4	a	a	DET
cblr-2930	371	5	disaster	disaster	NOUN
cblr-2930	371	6	as	as	SCONJ
cblr-2930	371	7	the	the	DET
cblr-2930	371	8	learning	learning	PROPN
cblr-2930	371	9	co.	co.	PROPN
cblr-2930	371	10	was	be	AUX
cblr-2930	371	11	sold	sell	VERB
cblr-2930	371	12	shortly	shortly	ADV
cblr-2930	371	13	thereafter	thereafter	ADV
cblr-2930	371	14	for	for	ADP
cblr-2930	371	15	a	a	DET
cblr-2930	371	16	mere	mere	ADJ
cblr-2930	371	17	$	$	SYM
cblr-2930	371	18	27.3	27.3	NUM
cblr-2930	371	19	million	million	NUM
cblr-2930	371	20	,	,	PUNCT
cblr-2930	371	21	less	less	ADJ
cblr-2930	371	22	than	than	ADP
cblr-2930	371	23	one	one	NUM
cblr-2930	371	24	-	-	PUNCT
cblr-2930	371	25	tenth	tenth	NOUN
cblr-2930	371	26	of	of	ADP
cblr-2930	371	27	the	the	DET
cblr-2930	371	28	acquisition	acquisition	NOUN
cblr-2930	371	29	price	price	NOUN
cblr-2930	371	30	.	.	PUNCT
cblr-2930	372	1	but	but	CCONJ
cblr-2930	372	2	when	when	SCONJ
cblr-2930	372	3	the	the	DET
cblr-2930	372	4	acquisition	acquisition	NOUN
cblr-2930	372	5	was	be	AUX
cblr-2930	372	6	first	first	ADV
cblr-2930	372	7	announced	announce	VERB
cblr-2930	372	8	it	it	PRON
cblr-2930	372	9	was	be	AUX
cblr-2930	372	10	heralded	herald	VERB
cblr-2930	372	11	by	by	ADP
cblr-2930	372	12	management	management	NOUN
cblr-2930	372	13	as	as	ADP
cblr-2930	372	14	an	an	DET
cblr-2930	372	15	opportunity	opportunity	NOUN
cblr-2930	372	16	for	for	SCONJ
cblr-2930	372	17	mattel	mattel	NOUN
cblr-2930	372	18	to	to	PART
cblr-2930	372	19	venture	venture	VERB
cblr-2930	372	20	into	into	ADP
cblr-2930	372	21	the	the	DET
cblr-2930	372	22	digital	digital	ADJ
cblr-2930	372	23	age	age	NOUN
cblr-2930	372	24	.	.	PUNCT
cblr-2930	372	25	"	"	PUNCT
cblr-2930	373	1	the	the	DET
cblr-2930	373	2	enthusiasm	enthusiasm	NOUN
cblr-2930	373	3	was	be	AUX
cblr-2930	373	4	shared	share	VERB
cblr-2930	373	5	by	by	ADP
cblr-2930	373	6	mattel	mattel	PROPN
cblr-2930	373	7	's	's	PART
cblr-2930	373	8	largest	large	ADJ
cblr-2930	373	9	shareholder	shareholder	NOUN
cblr-2930	373	10	,	,	PUNCT
cblr-2930	373	11	the	the	DET
cblr-2930	373	12	venerable	venerable	ADJ
cblr-2930	373	13	investment	investment	NOUN
cblr-2930	373	14	firm	firm	NOUN
cblr-2930	373	15	thomas	thomas	PROPN
cblr-2930	373	16	h.	h.	PROPN
cblr-2930	373	17	lee	lee	PROPN
cblr-2930	373	18	co.	co.	PROPN
cblr-2930	373	19	,	,	PUNCT
cblr-2930	373	20	which	which	PRON
cblr-2930	373	21	was	be	AUX
cblr-2930	373	22	quoted	quote	VERB
cblr-2930	373	23	in	in	ADP
cblr-2930	373	24	a	a	DET
cblr-2930	373	25	press	press	NOUN
cblr-2930	373	26	release	release	NOUN
cblr-2930	373	27	as	as	ADP
cblr-2930	373	28	saying	say	VERB
cblr-2930	373	29	that	that	SCONJ
cblr-2930	373	30	"	"	PUNCT
cblr-2930	373	31	[	[	X
cblr-2930	373	32	t]he	t]he	X
cblr-2930	373	33	ability	ability	NOUN
cblr-2930	373	34	[	[	X
cblr-2930	373	35	of	of	ADP
cblr-2930	373	36	the	the	DET
cblr-2930	373	37	]	]	PUNCT
cblr-2930	373	38	combination	combination	NOUN
cblr-2930	373	39	to	to	PART
cblr-2930	373	40	build	build	VERB
cblr-2930	373	41	their	their	PRON
cblr-2930	373	42	global	global	ADJ
cblr-2930	373	43	leadership	leadership	NOUN
cblr-2930	373	44	position	position	NOUN
cblr-2930	373	45	and	and	CCONJ
cblr-2930	373	46	to	to	PART
cblr-2930	373	47	do	do	VERB
cblr-2930	373	48	it	it	PRON
cblr-2930	373	49	in	in	ADP
cblr-2930	373	50	all	all	DET
cblr-2930	373	51	relevant	relevant	ADJ
cblr-2930	373	52	distribution	distribution	NOUN
cblr-2930	373	53	channels	channel	NOUN
cblr-2930	373	54	,	,	PUNCT
cblr-2930	373	55	particularly	particularly	ADV
cblr-2930	373	56	the	the	DET
cblr-2930	373	57	internet	internet	NOUN
cblr-2930	373	58	,	,	PUNCT
cblr-2930	373	59	positions	position	VERB
cblr-2930	373	60	them	they	PRON
cblr-2930	373	61	to	to	PART
cblr-2930	373	62	create	create	VERB
cblr-2930	373	63	significant	significant	ADJ
cblr-2930	373	64	shareholder	shareholder	NOUN
cblr-2930	373	65	value	value	NOUN
cblr-2930	373	66	.	.	PUNCT
cblr-2930	374	1	"o	"o	PROPN
cblr-2930	375	1	this	this	DET
cblr-2930	375	2	optimistic	optimistic	ADJ
cblr-2930	375	3	view	view	NOUN
cblr-2930	375	4	proved	prove	VERB
cblr-2930	375	5	representative	representative	NOUN
cblr-2930	375	6	of	of	ADP
cblr-2930	375	7	shareholder	shareholder	NOUN
cblr-2930	375	8	sentiment	sentiment	NOUN
cblr-2930	375	9	:	:	PUNCT
cblr-2930	375	10	a	a	DET
cblr-2930	375	11	majority	majority	NOUN
cblr-2930	375	12	of	of	ADP
cblr-2930	375	13	mattel	mattel	NOUN
cblr-2930	375	14	shareholders	shareholder	NOUN
cblr-2930	375	15	voted	vote	VERB
cblr-2930	375	16	for	for	ADP
cblr-2930	375	17	the	the	DET
cblr-2930	375	18	"	"	PUNCT
cblr-2930	375	19	shiller	shiller	NOUN
cblr-2930	375	20	,	,	PUNCT
cblr-2930	375	21	supra	supra	PROPN
cblr-2930	375	22	note	note	PROPN
cblr-2930	375	23	35	35	NUM
cblr-2930	375	24	,	,	PUNCT
cblr-2930	375	25	at	at	ADP
cblr-2930	375	26	128	128	NUM
cblr-2930	375	27	-	-	SYM
cblr-2930	375	28	29	29	NUM
cblr-2930	375	29	;	;	PUNCT
cblr-2930	375	30	see	see	VERB
cblr-2930	375	31	also	also	ADV
cblr-2930	375	32	george	george	PROPN
cblr-2930	375	33	akerlof	akerlof	PROPN
cblr-2930	375	34	&	&	CCONJ
cblr-2930	375	35	robert	robert	PROPN
cblr-2930	375	36	j.	j.	PROPN
cblr-2930	375	37	shiller	shiller	PROPN
cblr-2930	375	38	,	,	PUNCT
cblr-2930	375	39	animal	animal	NOUN
cblr-2930	375	40	spimrs	spimrs	NOUN
cblr-2930	375	41	(	(	PUNCT
cblr-2930	375	42	2009	2009	NUM
cblr-2930	375	43	)	)	PUNCT
cblr-2930	375	44	.	.	PUNCT
cblr-2930	376	1	"	"	PUNCT
cblr-2930	376	2	shiller	shiller	PROPN
cblr-2930	376	3	,	,	PUNCT
cblr-2930	376	4	supra	supra	PROPN
cblr-2930	376	5	note	note	PROPN
cblr-2930	376	6	35	35	NUM
cblr-2930	376	7	,	,	PUNCT
cblr-2930	376	8	at	at	ADP
cblr-2930	376	9	106	106	NUM
cblr-2930	376	10	,	,	PUNCT
cblr-2930	376	11	120	120	NUM
cblr-2930	376	12	.	.	NOUN
cblr-2930	376	13	5	5	NUM
cblr-2930	376	14	see	see	VERB
cblr-2930	376	15	press	press	NOUN
cblr-2930	376	16	release	release	NOUN
cblr-2930	376	17	,	,	PUNCT
cblr-2930	376	18	mattel	mattel	NOUN
cblr-2930	376	19	,	,	PUNCT
cblr-2930	376	20	cutbacks	cutback	NOUN
cblr-2930	376	21	in	in	ADP
cblr-2930	376	22	retailer	retailer	NOUN
cblr-2930	376	23	buying	buying	NOUN
cblr-2930	376	24	;	;	PUNCT
cblr-2930	376	25	mattel	mattel	NOUN
cblr-2930	376	26	and	and	CCONJ
cblr-2930	376	27	the	the	DET
cblr-2930	376	28	learning	learn	VERB
cblr-2930	376	29	company	company	NOUN
cblr-2930	376	30	agree	agree	VERB
cblr-2930	376	31	to	to	PART
cblr-2930	376	32	merge	merge	VERB
cblr-2930	376	33	,	,	PUNCT
cblr-2930	376	34	(	(	PUNCT
cblr-2930	376	35	december	december	PROPN
cblr-2930	376	36	14	14	NUM
cblr-2930	376	37	,	,	PUNCT
cblr-2930	376	38	1999	1999	NUM
cblr-2930	376	39	)	)	PUNCT
cblr-2930	376	40	,	,	PUNCT
cblr-2930	376	41	available	available	ADJ
cblr-2930	376	42	at	at	ADP
cblr-2930	376	43	http'//investor.shareholder.com	http'//investor.shareholder.com	NOUN
cblr-2930	376	44	/	/	SYM
cblr-2930	376	45	mattel	mattel	NOUN
cblr-2930	376	46	/	/	SYM
cblr-2930	376	47	releasedetail.cfin?releaseid=54246	releasedetail.cfin?releaseid=54246	PROPN
cblr-2930	376	48	(	(	PUNCT
cblr-2930	376	49	quoting	quote	VERB
cblr-2930	376	50	ceo	ceo	NOUN
cblr-2930	376	51	jill	jill	NOUN
cblr-2930	376	52	barad	barad	PROPN
cblr-2930	376	53	as	as	ADP
cblr-2930	376	54	saying	say	VERB
cblr-2930	376	55	that	that	SCONJ
cblr-2930	376	56	"	"	PUNCT
cblr-2930	376	57	[	[	PUNCT
cblr-2930	376	58	tihe	tihe	ADJ
cblr-2930	376	59	combined	combined	ADJ
cblr-2930	376	60	company	company	NOUN
cblr-2930	376	61	has	have	VERB
cblr-2930	376	62	a	a	DET
cblr-2930	376	63	hidden	hide	VERB
cblr-2930	376	64	strategic	strategic	ADJ
cblr-2930	376	65	asset	asset	NOUN
cblr-2930	376	66	..	..	PUNCT
cblr-2930	376	67	.	.	PUNCT
cblr-2930	376	68	.	.	PUNCT
cblr-2930	377	1	we	we	PRON
cblr-2930	377	2	are	be	AUX
cblr-2930	377	3	positioned	position	VERB
cblr-2930	377	4	to	to	PART
cblr-2930	377	5	create	create	VERB
cblr-2930	377	6	a	a	DET
cblr-2930	377	7	unique	unique	ADJ
cblr-2930	377	8	on	on	ADP
cblr-2930	377	9	-	-	PUNCT
cblr-2930	377	10	line	line	NOUN
cblr-2930	377	11	connection	connection	NOUN
cblr-2930	377	12	with	with	ADP
cblr-2930	377	13	our	our	PRON
cblr-2930	377	14	consumers	consumer	NOUN
cblr-2930	377	15	.	.	PUNCT
cblr-2930	378	1	"	"	PUNCT
cblr-2930	378	2	)	)	PUNCT
cblr-2930	378	3	.	.	PUNCT
cblr-2930	379	1	g0	g0	PROPN
cblr-2930	379	2	i	i	PROPN
cblr-2930	379	3	d.	d.	PROPN
cblr-2930	379	4	no	no	INTJ
cblr-2930	379	5	.	.	PUNCT
cblr-2930	380	1	3:763	3:763	NUM
cblr-2930	380	2	]	]	PUNCT
cblr-2930	380	3	mefchanisms	mefchanism	NOUN
cblr-2930	380	4	of	of	ADP
cblr-2930	380	5	voting	vote	VERB
cblr-2930	380	6	efficiency	efficiency	NOUN
cblr-2930	380	7	787	787	NUM
cblr-2930	380	8	acquisition	acquisition	NOUN
cblr-2930	380	9	,	,	PUNCT
cblr-2930	380	10	only	only	ADV
cblr-2930	380	11	to	to	PART
cblr-2930	380	12	see	see	VERB
cblr-2930	380	13	shareholder	shareholder	NOUN
cblr-2930	380	14	value	value	NOUN
cblr-2930	380	15	evaporate	evaporate	VERB
cblr-2930	380	16	shortly	shortly	ADV
cblr-2930	380	17	thereafter	thereafter	ADV
cblr-2930	380	18	.	.	PUNCT
cblr-2930	380	19	"	"	PUNCT
cblr-2930	381	1	3	3	X
cblr-2930	381	2	.	.	X
cblr-2930	381	3	attribution	attribution	NOUN
cblr-2930	381	4	errors	error	NOUN
cblr-2930	381	5	as	as	ADP
cblr-2930	381	6	a	a	DET
cblr-2930	381	7	final	final	ADJ
cblr-2930	381	8	example	example	NOUN
cblr-2930	381	9	of	of	ADP
cblr-2930	381	10	how	how	SCONJ
cblr-2930	381	11	bounded	bound	VERB
cblr-2930	381	12	rationality	rationality	NOUN
cblr-2930	381	13	may	may	AUX
cblr-2930	381	14	affect	affect	VERB
cblr-2930	381	15	voting	voting	NOUN
cblr-2930	381	16	behavior	behavior	NOUN
cblr-2930	381	17	,	,	PUNCT
cblr-2930	381	18	consider	consider	VERB
cblr-2930	381	19	the	the	DET
cblr-2930	381	20	following	follow	VERB
cblr-2930	381	21	evidence	evidence	NOUN
cblr-2930	381	22	from	from	ADP
cblr-2930	381	23	a	a	DET
cblr-2930	381	24	study	study	NOUN
cblr-2930	381	25	of	of	ADP
cblr-2930	381	26	gubernatorial	gubernatorial	ADJ
cblr-2930	381	27	elections	election	NOUN
cblr-2930	381	28	.	.	PUNCT
cblr-2930	382	1	the	the	DET
cblr-2930	382	2	study	study	NOUN
cblr-2930	382	3	explores	explore	VERB
cblr-2930	382	4	the	the	DET
cblr-2930	382	5	hypothesis	hypothesis	NOUN
cblr-2930	382	6	that	that	PRON
cblr-2930	382	7	in	in	ADP
cblr-2930	382	8	deciding	decide	VERB
cblr-2930	382	9	whether	whether	SCONJ
cblr-2930	382	10	or	or	CCONJ
cblr-2930	382	11	not	not	PART
cblr-2930	382	12	to	to	PART
cblr-2930	382	13	vote	vote	VERB
cblr-2930	382	14	for	for	ADP
cblr-2930	382	15	an	an	DET
cblr-2930	382	16	incumbent	incumbent	ADJ
cblr-2930	382	17	governor	governor	NOUN
cblr-2930	382	18	who	who	PRON
cblr-2930	382	19	is	be	AUX
cblr-2930	382	20	up	up	ADP
cblr-2930	382	21	for	for	ADP
cblr-2930	382	22	re	re	NOUN
cblr-2930	382	23	-	-	NOUN
cblr-2930	382	24	election	election	NOUN
cblr-2930	382	25	,	,	PUNCT
cblr-2930	382	26	rational	rational	ADJ
cblr-2930	382	27	voters	voter	NOUN
cblr-2930	382	28	will	will	AUX
cblr-2930	382	29	reward	reward	VERB
cblr-2930	382	30	good	good	ADJ
cblr-2930	382	31	economic	economic	ADJ
cblr-2930	382	32	outcomes	outcome	NOUN
cblr-2930	382	33	that	that	PRON
cblr-2930	382	34	reflect	reflect	VERB
cblr-2930	382	35	the	the	DET
cblr-2930	382	36	governor	governor	NOUN
cblr-2930	382	37	's	's	PART
cblr-2930	382	38	actions	action	NOUN
cblr-2930	382	39	,	,	PUNCT
cblr-2930	382	40	but	but	CCONJ
cblr-2930	382	41	filter	filter	NOUN
cblr-2930	382	42	from	from	ADP
cblr-2930	382	43	their	their	PRON
cblr-2930	382	44	assessment	assessment	NOUN
cblr-2930	382	45	economic	economic	ADJ
cblr-2930	382	46	events	event	NOUN
cblr-2930	382	47	that	that	PRON
cblr-2930	382	48	reflect	reflect	VERB
cblr-2930	382	49	influences	influence	NOUN
cblr-2930	382	50	outside	outside	ADP
cblr-2930	382	51	the	the	DET
cblr-2930	382	52	politician	politician	NOUN
cblr-2930	382	53	's	's	PART
cblr-2930	382	54	locus	locus	NOUN
cblr-2930	382	55	of	of	ADP
cblr-2930	382	56	control	control	NOUN
cblr-2930	382	57	.	.	PUNCT
cblr-2930	383	1	62	62	NUM
cblr-2930	383	2	the	the	DET
cblr-2930	383	3	findings	finding	NOUN
cblr-2930	383	4	suggest	suggest	VERB
cblr-2930	383	5	the	the	DET
cblr-2930	383	6	opposite	opposite	NOUN
cblr-2930	383	7	:	:	PUNCT
cblr-2930	383	8	voters	voter	NOUN
cblr-2930	383	9	in	in	ADP
cblr-2930	383	10	oilproducing	oilproduce	VERB
cblr-2930	383	11	states	state	NOUN
cblr-2930	383	12	tend	tend	VERB
cblr-2930	383	13	to	to	PART
cblr-2930	383	14	re	re	VERB
cblr-2930	383	15	-	-	VERB
cblr-2930	383	16	elect	elect	VERB
cblr-2930	383	17	incumbent	incumbent	ADJ
cblr-2930	383	18	governors	governor	NOUN
cblr-2930	383	19	during	during	ADP
cblr-2930	383	20	oil	oil	NOUN
cblr-2930	383	21	price	price	NOUN
cblr-2930	383	22	rises	rise	NOUN
cblr-2930	383	23	and	and	CCONJ
cblr-2930	383	24	vote	vote	VERB
cblr-2930	383	25	them	they	PRON
cblr-2930	383	26	out	out	ADP
cblr-2930	383	27	of	of	ADP
cblr-2930	383	28	office	office	NOUN
cblr-2930	383	29	when	when	SCONJ
cblr-2930	383	30	the	the	DET
cblr-2930	383	31	oil	oil	NOUN
cblr-2930	383	32	price	price	NOUN
cblr-2930	383	33	drops.3	drops.3	NOUN
cblr-2930	383	34	this	this	PRON
cblr-2930	383	35	suggests	suggest	VERB
cblr-2930	383	36	that	that	SCONJ
cblr-2930	383	37	voters	voter	NOUN
cblr-2930	383	38	make	make	VERB
cblr-2930	383	39	"	"	PUNCT
cblr-2930	383	40	systematic	systematic	ADJ
cblr-2930	383	41	attribution	attribution	NOUN
cblr-2930	383	42	errors	error	NOUN
cblr-2930	383	43	"	"	PUNCT
cblr-2930	383	44	and	and	CCONJ
cblr-2930	383	45	are	be	AUX
cblr-2930	383	46	best	well	ADV
cblr-2930	383	47	characterized	characterize	VERB
cblr-2930	383	48	as	as	ADP
cblr-2930	383	49	"	"	PUNCT
cblr-2930	383	50	quasirational	quasirational	ADJ
cblr-2930	383	51	.	.	PUNCT
cblr-2930	384	1	"64	"64	PROPN
cblr-2930	384	2	do	do	AUX
cblr-2930	384	3	shareholders	shareholder	NOUN
cblr-2930	384	4	make	make	VERB
cblr-2930	384	5	the	the	DET
cblr-2930	384	6	same	same	ADJ
cblr-2930	384	7	attribution	attribution	NOUN
cblr-2930	384	8	errors	error	NOUN
cblr-2930	384	9	,	,	PUNCT
cblr-2930	384	10	voting	vote	VERB
cblr-2930	384	11	to	to	PART
cblr-2930	384	12	re	re	VERB
cblr-2930	384	13	-	-	VERB
cblr-2930	384	14	elect	elect	ADJ
cblr-2930	384	15	,	,	PUNCT
cblr-2930	384	16	for	for	ADP
cblr-2930	384	17	example	example	NOUN
cblr-2930	384	18	,	,	PUNCT
cblr-2930	384	19	directors	director	NOUN
cblr-2930	384	20	of	of	ADP
cblr-2930	384	21	oil	oil	NOUN
cblr-2930	384	22	companies	company	NOUN
cblr-2930	384	23	during	during	ADP
cblr-2930	384	24	oil	oil	NOUN
cblr-2930	384	25	price	price	NOUN
cblr-2930	384	26	rises	rise	NOUN
cblr-2930	384	27	(	(	PUNCT
cblr-2930	384	28	when	when	SCONJ
cblr-2930	384	29	profits	profit	NOUN
cblr-2930	384	30	tend	tend	VERB
cblr-2930	384	31	to	to	PART
cblr-2930	384	32	rise	rise	VERB
cblr-2930	384	33	)	)	PUNCT
cblr-2930	384	34	and	and	CCONJ
cblr-2930	384	35	vote	vote	VERB
cblr-2930	384	36	them	they	PRON
cblr-2930	384	37	out	out	ADP
cblr-2930	384	38	of	of	ADP
cblr-2930	384	39	office	office	NOUN
cblr-2930	384	40	when	when	SCONJ
cblr-2930	384	41	the	the	DET
cblr-2930	384	42	oil	oil	NOUN
cblr-2930	384	43	price	price	NOUN
cblr-2930	384	44	drops	drop	NOUN
cblr-2930	384	45	(	(	PUNCT
cblr-2930	384	46	and	and	CCONJ
cblr-2930	384	47	profits	profit	NOUN
cblr-2930	384	48	tend	tend	VERB
cblr-2930	384	49	to	to	PART
cblr-2930	384	50	decline	decline	VERB
cblr-2930	384	51	)	)	PUNCT
cblr-2930	384	52	?	?	PUNCT
cblr-2930	385	1	more	more	ADV
cblr-2930	385	2	generally	generally	ADV
cblr-2930	385	3	,	,	PUNCT
cblr-2930	385	4	do	do	AUX
cblr-2930	385	5	shareholders	shareholder	NOUN
cblr-2930	385	6	overly	overly	ADV
cblr-2930	385	7	attribute	attribute	VERB
cblr-2930	385	8	a	a	DET
cblr-2930	385	9	firm	firm	NOUN
cblr-2930	385	10	's	's	PART
cblr-2930	385	11	results	result	NOUN
cblr-2930	385	12	to	to	ADP
cblr-2930	385	13	management	management	NOUN
cblr-2930	385	14	's	's	PART
cblr-2930	385	15	performance	performance	NOUN
cblr-2930	385	16	and	and	CCONJ
cblr-2930	385	17	insufficiently	insufficiently	ADV
cblr-2930	385	18	to	to	ADP
cblr-2930	385	19	industry	industry	NOUN
cblr-2930	385	20	-	-	PUNCT
cblr-2930	385	21	specific	specific	ADJ
cblr-2930	385	22	or	or	CCONJ
cblr-2930	385	23	macro	macro	ADJ
cblr-2930	385	24	-	-	ADJ
cblr-2930	385	25	economic	economic	ADJ
cblr-2930	385	26	trends	trend	NOUN
cblr-2930	385	27	?	?	PUNCT
cblr-2930	386	1	it	it	PRON
cblr-2930	386	2	certainly	certainly	ADV
cblr-2930	386	3	is	be	AUX
cblr-2930	386	4	n't	not	PART
cblr-2930	386	5	hard	hard	ADJ
cblr-2930	386	6	to	to	PART
cblr-2930	386	7	imagine	imagine	VERB
cblr-2930	386	8	.	.	PUNCT
cblr-2930	387	1	in	in	ADP
cblr-2930	387	2	fact	fact	NOUN
cblr-2930	387	3	,	,	PUNCT
cblr-2930	387	4	one	one	NUM
cblr-2930	387	5	empirical	empirical	ADJ
cblr-2930	387	6	study	study	NOUN
cblr-2930	387	7	of	of	ADP
cblr-2930	387	8	ceo	ceo	NOUN
cblr-2930	387	9	-	-	PUNCT
cblr-2930	387	10	firings	firing	NOUN
cblr-2930	387	11	presents	present	VERB
cblr-2930	387	12	tentative	tentative	ADJ
cblr-2930	387	13	evidence	evidence	NOUN
cblr-2930	387	14	that	that	SCONJ
cblr-2930	387	15	shareholders	shareholder	NOUN
cblr-2930	387	16	tend	tend	VERB
cblr-2930	387	17	to	to	PART
cblr-2930	387	18	"	"	PUNCT
cblr-2930	387	19	shoot	shoot	VERB
cblr-2930	387	20	61	61	NUM
cblr-2930	387	21	see	see	VERB
cblr-2930	387	22	press	press	NOUN
cblr-2930	387	23	release	release	NOUN
cblr-2930	387	24	,	,	PUNCT
cblr-2930	387	25	mattel	mattel	NOUN
cblr-2930	387	26	,	,	PUNCT
cblr-2930	387	27	shareholders	shareholder	NOUN
cblr-2930	387	28	approve	approve	VERB
cblr-2930	387	29	merger	merger	NOUN
cblr-2930	387	30	of	of	ADP
cblr-2930	387	31	mattel	mattel	NOUN
cblr-2930	387	32	and	and	CCONJ
cblr-2930	387	33	the	the	DET
cblr-2930	387	34	learning	learn	VERB
cblr-2930	387	35	company	company	NOUN
cblr-2930	387	36	,	,	PUNCT
cblr-2930	387	37	(	(	PUNCT
cblr-2930	387	38	may	may	PROPN
cblr-2930	387	39	7	7	NUM
cblr-2930	387	40	,	,	PUNCT
cblr-2930	387	41	1999	1999	NUM
cblr-2930	387	42	)	)	PUNCT
cblr-2930	387	43	,	,	PUNCT
cblr-2930	387	44	available	available	ADJ
cblr-2930	387	45	at	at	ADP
cblr-2930	387	46	http//investor	http//investor	PROPN
cblr-2930	387	47	.	.	PUNCT
cblr-2930	388	1	shareholder.com/mattel/release	shareholder.com/mattel/release	NOUN
cblr-2930	388	2	detail.cfm?releaseid=54246	detail.cfm?releaseid=54246	PROPN
cblr-2930	388	3	.	.	PUNCT
cblr-2930	389	1	62	62	NUM
cblr-2930	389	2	justin	justin	PROPN
cblr-2930	389	3	j.	j.	PROPN
cblr-2930	389	4	wolfers	wolfers	PROPN
cblr-2930	389	5	,	,	PUNCT
cblr-2930	389	6	are	be	AUX
cblr-2930	389	7	voters	voter	NOUN
cblr-2930	389	8	rational	rational	ADJ
cblr-2930	389	9	?	?	PUNCT
cblr-2930	389	10	evidence	evidence	NOUN
cblr-2930	389	11	from	from	ADP
cblr-2930	389	12	gubernatorial	gubernatorial	ADJ
cblr-2930	389	13	elections	election	NOUN
cblr-2930	389	14	,	,	PUNCT
cblr-2930	389	15	1	1	NUM
cblr-2930	389	16	(	(	PUNCT
cblr-2930	389	17	stan	stan	PROPN
cblr-2930	389	18	.	.	PUNCT
cblr-2930	390	1	graduate	graduate	PROPN
cblr-2930	390	2	sch	sch	PROPN
cblr-2930	390	3	.	.	PROPN
cblr-2930	390	4	of	of	ADP
cblr-2930	390	5	bus	bus	NOUN
cblr-2930	390	6	.	.	PUNCT
cblr-2930	390	7	,	,	PUNCT
cblr-2930	390	8	working	work	VERB
cblr-2930	390	9	paper	paper	NOUN
cblr-2930	390	10	no	no	INTJ
cblr-2930	390	11	.	.	PROPN
cblr-2930	390	12	1730	1730	NUM
cblr-2930	390	13	,	,	PUNCT
cblr-2930	390	14	2006	2006	NUM
cblr-2930	390	15	)	)	PUNCT
cblr-2930	390	16	,	,	PUNCT
cblr-2930	390	17	available	available	ADJ
cblr-2930	390	18	at	at	ADP
cblr-2930	390	19	http*//ssm.com	http*//ssm.com	X
cblr-2930	390	20	/	/	SYM
cblr-2930	390	21	abstract-305740	abstract-305740	NOUN
cblr-2930	390	22	.	.	PUNCT
cblr-2930	391	1	s	s	VERB
cblr-2930	392	1	i	i	PRON
cblr-2930	392	2	d.	d.	PROPN
cblr-2930	392	3	at	at	ADP
cblr-2930	392	4	17	17	NUM
cblr-2930	392	5	(	(	PUNCT
cblr-2930	392	6	finding	find	VERB
cblr-2930	392	7	also	also	ADV
cblr-2930	392	8	that	that	SCONJ
cblr-2930	392	9	voters	voter	NOUN
cblr-2930	392	10	in	in	ADP
cblr-2930	392	11	procyclical	procyclical	ADJ
cblr-2930	392	12	states	state	NOUN
cblr-2930	392	13	"	"	PUNCT
cblr-2930	392	14	are	be	AUX
cblr-2930	392	15	systematically	systematically	ADV
cblr-2930	392	16	fooled	fool	VERB
cblr-2930	392	17	into	into	ADP
cblr-2930	392	18	re	re	VERB
cblr-2930	392	19	-	-	ADJ
cblr-2930	392	20	electing	electing	ADJ
cblr-2930	392	21	incumbents	incumbent	NOUN
cblr-2930	392	22	during	during	ADP
cblr-2930	392	23	national	national	ADJ
cblr-2930	392	24	booms	boom	NOUN
cblr-2930	392	25	,	,	PUNCT
cblr-2930	392	26	only	only	ADV
cblr-2930	392	27	to	to	PART
cblr-2930	392	28	dump	dump	VERB
cblr-2930	392	29	them	they	PRON
cblr-2930	392	30	during	during	ADP
cblr-2930	392	31	national	national	ADJ
cblr-2930	392	32	recessions	recession	NOUN
cblr-2930	392	33	"	"	PUNCT
cblr-2930	392	34	)	)	PUNCT
cblr-2930	392	35	.	.	PUNCT
cblr-2930	393	1	"	"	PUNCT
cblr-2930	394	1	i	i	PRON
cblr-2930	394	2	d.	d.	PROPN
cblr-2930	394	3	col	col	PROPN
cblr-2930	394	4	umia	umia	PROPN
cblr-2930	394	5	b	b	PROPN
cblr-2930	394	6	usiness	usiness	PROPN
cblr-2930	394	7	la	la	PROPN
cblr-2930	394	8	w	w	PROPN
cblr-2930	394	9	re	re	PROPN
cblr-2930	394	10	vie	vie	PROPN
cblr-2930	394	11	w	w	PROPN
cblr-2930	395	1	[	[	X
cblr-2930	395	2	vol	vol	NOUN
cblr-2930	395	3	.	.	PUNCT
cblr-2930	395	4	2010788	2010788	NUM
cblr-2930	395	5	mechanisms	mechanism	NOUN
cblr-2930	395	6	of	of	ADP
cblr-2930	395	7	voting	voting	NOUN
cblr-2930	395	8	efficiency	efficiency	NOUN
cblr-2930	395	9	the	the	DET
cblr-2930	395	10	messenger	messenger	NOUN
cblr-2930	395	11	"	"	PUNCT
cblr-2930	395	12	by	by	ADP
cblr-2930	395	13	dismissing	dismiss	VERB
cblr-2930	395	14	managers	manager	NOUN
cblr-2930	395	15	for	for	ADP
cblr-2930	395	16	failures	failure	NOUN
cblr-2930	395	17	that	that	PRON
cblr-2930	395	18	can	can	AUX
cblr-2930	395	19	not	not	PART
cblr-2930	395	20	be	be	AUX
cblr-2930	395	21	attributed	attribute	VERB
cblr-2930	395	22	to	to	ADP
cblr-2930	395	23	them.65	them.65	NUM
cblr-2930	395	24	to	to	PART
cblr-2930	395	25	conclude	conclude	VERB
cblr-2930	395	26	,	,	PUNCT
cblr-2930	395	27	rational	rational	ADJ
cblr-2930	395	28	voting	voting	NOUN
cblr-2930	395	29	is	be	AUX
cblr-2930	395	30	an	an	DET
cblr-2930	395	31	important	important	ADJ
cblr-2930	395	32	mechanism	mechanism	NOUN
cblr-2930	395	33	of	of	ADP
cblr-2930	395	34	voting	voting	NOUN
cblr-2930	395	35	efficiency	efficiency	NOUN
cblr-2930	395	36	.	.	PUNCT
cblr-2930	396	1	in	in	ADP
cblr-2930	396	2	terms	term	NOUN
cblr-2930	396	3	of	of	ADP
cblr-2930	396	4	the	the	DET
cblr-2930	396	5	jury	jury	NOUN
cblr-2930	396	6	theorem	theorem	VERB
cblr-2930	396	7	,	,	PUNCT
cblr-2930	396	8	if	if	SCONJ
cblr-2930	396	9	individual	individual	ADJ
cblr-2930	396	10	shareholders	shareholder	NOUN
cblr-2930	396	11	do	do	AUX
cblr-2930	396	12	not	not	PART
cblr-2930	396	13	vote	vote	VERB
cblr-2930	396	14	rationally	rationally	ADV
cblr-2930	396	15	,	,	PUNCT
cblr-2930	396	16	the	the	DET
cblr-2930	396	17	probability	probability	NOUN
cblr-2930	396	18	that	that	SCONJ
cblr-2930	396	19	they	they	PRON
cblr-2930	396	20	will	will	AUX
cblr-2930	396	21	vote	vote	VERB
cblr-2930	396	22	for	for	ADP
cblr-2930	396	23	the	the	DET
cblr-2930	396	24	correct	correct	ADJ
cblr-2930	396	25	option	option	NOUN
cblr-2930	396	26	may	may	AUX
cblr-2930	396	27	drop	drop	VERB
cblr-2930	396	28	below	below	ADP
cblr-2930	396	29	0.5	0.5	NUM
cblr-2930	396	30	in	in	ADP
cblr-2930	396	31	which	which	DET
cblr-2930	396	32	case	case	NOUN
cblr-2930	396	33	the	the	DET
cblr-2930	396	34	theorem	theorem	NOUN
cblr-2930	396	35	predicts	predict	VERB
cblr-2930	396	36	that	that	SCONJ
cblr-2930	396	37	a	a	DET
cblr-2930	396	38	majority	majority	NOUN
cblr-2930	396	39	vote	vote	NOUN
cblr-2930	396	40	will	will	AUX
cblr-2930	396	41	fail	fail	VERB
cblr-2930	396	42	to	to	PART
cblr-2930	396	43	identify	identify	VERB
cblr-2930	396	44	the	the	DET
cblr-2930	396	45	correct	correct	ADJ
cblr-2930	396	46	option.66	option.66	NOUN
cblr-2930	396	47	'	'	PUNCT
cblr-2930	396	48	raymond	raymond	PROPN
cblr-2930	396	49	j.	j.	PROPN
cblr-2930	396	50	fisman	fisman	PROPN
cblr-2930	396	51	,	,	PUNCT
cblr-2930	396	52	rakesh	rakesh	PROPN
cblr-2930	396	53	khurana	khurana	PROPN
cblr-2930	396	54	&	&	CCONJ
cblr-2930	396	55	matthew	matthew	PROPN
cblr-2930	396	56	rhodes	rhodes	PROPN
cblr-2930	396	57	-	-	PUNCT
cblr-2930	396	58	kropf	kropf	PROPN
cblr-2930	396	59	,	,	PUNCT
cblr-2930	396	60	governance	governance	NOUN
cblr-2930	396	61	and	and	CCONJ
cblr-2930	396	62	ceo	ceo	NOUN
cblr-2930	396	63	turnover	turnover	NOUN
cblr-2930	396	64	:	:	PUNCT
cblr-2930	396	65	do	do	VERB
cblr-2930	396	66	something	something	PRON
cblr-2930	396	67	or	or	CCONJ
cblr-2930	396	68	do	do	VERB
cblr-2930	396	69	the	the	DET
cblr-2930	396	70	right	right	ADJ
cblr-2930	396	71	thing	thing	NOUN
cblr-2930	396	72	?	?	PUNCT
cblr-2930	397	1	4	4	NUM
cblr-2930	397	2	,	,	PUNCT
cblr-2930	397	3	20	20	NUM
cblr-2930	397	4	(	(	PUNCT
cblr-2930	397	5	jan	jan	PROPN
cblr-2930	397	6	.	.	PROPN
cblr-2930	397	7	2005	2005	NUM
cblr-2930	397	8	)	)	PUNCT
cblr-2930	397	9	(	(	PUNCT
cblr-2930	397	10	efa	efa	PROPN
cblr-2930	397	11	2005	2005	NUM
cblr-2930	397	12	moscow	moscow	PROPN
cblr-2930	397	13	meetings	meeting	NOUN
cblr-2930	397	14	paper	paper	NOUN
cblr-2930	397	15	)	)	PUNCT
cblr-2930	397	16	,	,	PUNCT
cblr-2930	397	17	available	available	ADJ
cblr-2930	397	18	at	at	ADP
cblr-2930	397	19	http-//ssrn.com/	http-//ssrn.com/	NUM
cblr-2930	397	20	abstract='656085	abstract='656085	NOUN
cblr-2930	397	21	(	(	PUNCT
cblr-2930	397	22	examining	examine	VERB
cblr-2930	397	23	139	139	NUM
cblr-2930	397	24	ceo	ceo	NOUN
cblr-2930	397	25	firings	firing	NOUN
cblr-2930	397	26	between	between	ADP
cblr-2930	397	27	1980	1980	NUM
cblr-2930	397	28	and	and	CCONJ
cblr-2930	397	29	1996	1996	NUM
cblr-2930	397	30	and	and	CCONJ
cblr-2930	397	31	obtaining	obtain	VERB
cblr-2930	397	32	results	result	NOUN
cblr-2930	397	33	suggesting	suggest	VERB
cblr-2930	397	34	that	that	SCONJ
cblr-2930	397	35	"	"	PUNCT
cblr-2930	397	36	in	in	ADP
cblr-2930	397	37	circumstances	circumstance	NOUN
cblr-2930	397	38	where	where	SCONJ
cblr-2930	397	39	the	the	DET
cblr-2930	397	40	ceo	ceo	NOUN
cblr-2930	397	41	might	might	AUX
cblr-2930	397	42	be	be	AUX
cblr-2930	397	43	expected	expect	VERB
cblr-2930	397	44	to	to	PART
cblr-2930	397	45	be	be	AUX
cblr-2930	397	46	dismissed	dismiss	VERB
cblr-2930	397	47	based	base	VERB
cblr-2930	397	48	on	on	ADP
cblr-2930	397	49	previous	previous	ADJ
cblr-2930	397	50	performance	performance	NOUN
cblr-2930	397	51	,	,	PUNCT
cblr-2930	397	52	but	but	CCONJ
cblr-2930	397	53	was	be	AUX
cblr-2930	397	54	retained	retain	VERB
cblr-2930	397	55	,	,	PUNCT
cblr-2930	397	56	subsequent	subsequent	ADJ
cblr-2930	397	57	performance	performance	NOUN
cblr-2930	397	58	is	be	AUX
cblr-2930	397	59	stronger	strong	ADJ
cblr-2930	397	60	in	in	ADP
cblr-2930	397	61	firms	firm	NOUN
cblr-2930	397	62	with	with	ADP
cblr-2930	397	63	entrenched	entrenched	ADJ
cblr-2930	397	64	boards	board	NOUN
cblr-2930	397	65	that	that	PRON
cblr-2930	397	66	may	may	AUX
cblr-2930	397	67	have	have	AUX
cblr-2930	397	68	been	be	AUX
cblr-2930	397	69	able	able	ADJ
cblr-2930	397	70	to	to	PART
cblr-2930	397	71	resist	resist	VERB
cblr-2930	397	72	shareholder	shareholder	NOUN
cblr-2930	397	73	pressure	pressure	NOUN
cblr-2930	397	74	to	to	PART
cblr-2930	397	75	dismiss	dismiss	VERB
cblr-2930	397	76	the	the	DET
cblr-2930	397	77	ceo	ceo	NOUN
cblr-2930	397	78	"	"	PUNCT
cblr-2930	397	79	)	)	PUNCT
cblr-2930	397	80	.	.	PUNCT
cblr-2930	398	1	additional	additional	ADJ
cblr-2930	398	2	evidence	evidence	NOUN
cblr-2930	398	3	suggesting	suggest	VERB
cblr-2930	398	4	that	that	SCONJ
cblr-2930	398	5	attribution	attribution	NOUN
cblr-2930	398	6	errors	error	NOUN
cblr-2930	398	7	are	be	AUX
cblr-2930	398	8	made	make	VERB
cblr-2930	398	9	in	in	ADP
cblr-2930	398	10	the	the	DET
cblr-2930	398	11	corporate	corporate	ADJ
cblr-2930	398	12	context	context	NOUN
cblr-2930	398	13	is	be	AUX
cblr-2930	398	14	presented	present	VERB
cblr-2930	398	15	by	by	ADP
cblr-2930	398	16	a	a	DET
cblr-2930	398	17	study	study	NOUN
cblr-2930	398	18	of	of	ADP
cblr-2930	398	19	the	the	DET
cblr-2930	398	20	behavior	behavior	NOUN
cblr-2930	398	21	of	of	ADP
cblr-2930	398	22	directors	director	NOUN
cblr-2930	398	23	charged	charge	VERB
cblr-2930	398	24	with	with	ADP
cblr-2930	398	25	rewarding	reward	VERB
cblr-2930	398	26	ceo	ceo	NOUN
cblr-2930	398	27	's	's	PART
cblr-2930	398	28	,	,	PUNCT
cblr-2930	398	29	which	which	PRON
cblr-2930	398	30	concludes	conclude	VERB
cblr-2930	398	31	that	that	SCONJ
cblr-2930	398	32	the	the	DET
cblr-2930	398	33	average	average	ADJ
cblr-2930	398	34	forbes	forbes	NOUN
cblr-2930	398	35	500	500	NUM
cblr-2930	398	36	firm	firm	NOUN
cblr-2930	398	37	rewards	reward	VERB
cblr-2930	398	38	its	its	PRON
cblr-2930	398	39	ceo	ceo	NOUN
cblr-2930	398	40	"	"	PUNCT
cblr-2930	398	41	as	as	ADV
cblr-2930	398	42	much	much	ADJ
cblr-2930	398	43	for	for	ADP
cblr-2930	398	44	luck	luck	NOUN
cblr-2930	398	45	as	as	SCONJ
cblr-2930	398	46	it	it	PRON
cblr-2930	398	47	does	do	VERB
cblr-2930	398	48	for	for	ADP
cblr-2930	398	49	a	a	DET
cblr-2930	398	50	general	general	ADJ
cblr-2930	398	51	movement	movement	NOUN
cblr-2930	398	52	in	in	ADP
cblr-2930	398	53	performance	performance	NOUN
cblr-2930	398	54	.	.	PUNCT
cblr-2930	398	55	"	"	PUNCT
cblr-2930	399	1	marianne	marianne	PROPN
cblr-2930	399	2	bertrand	bertrand	PROPN
cblr-2930	399	3	&	&	CCONJ
cblr-2930	399	4	sendhil	sendhil	PROPN
cblr-2930	399	5	mullainathan	mullainathan	PROPN
cblr-2930	399	6	,	,	PUNCT
cblr-2930	399	7	are	be	AUX
cblr-2930	399	8	ceos	ceos	NOUN
cblr-2930	399	9	rewarded	reward	VERB
cblr-2930	399	10	for	for	ADP
cblr-2930	399	11	luck	luck	NOUN
cblr-2930	399	12	?	?	PUNCT
cblr-2930	400	1	the	the	DET
cblr-2930	400	2	ones	one	NOUN
cblr-2930	400	3	without	without	ADP
cblr-2930	400	4	principals	principal	NOUN
cblr-2930	400	5	are	be	AUX
cblr-2930	400	6	,	,	PUNCT
cblr-2930	400	7	116	116	NUM
cblr-2930	400	8	j.	j.	PROPN
cblr-2930	400	9	econ	econ	PROPN
cblr-2930	400	10	.	.	PUNCT
cblr-2930	401	1	901	901	NUM
cblr-2930	401	2	,	,	PUNCT
cblr-2930	401	3	90708	90708	NUM
cblr-2930	401	4	,	,	PUNCT
cblr-2930	401	5	914	914	NUM
cblr-2930	401	6	(	(	PUNCT
cblr-2930	401	7	2001	2001	NUM
cblr-2930	401	8	)	)	PUNCT
cblr-2930	401	9	(	(	PUNCT
cblr-2930	401	10	studying	study	VERB
cblr-2930	401	11	pay	pay	NOUN
cblr-2930	401	12	and	and	CCONJ
cblr-2930	401	13	performance	performance	NOUN
cblr-2930	401	14	for	for	ADP
cblr-2930	401	15	the	the	DET
cblr-2930	401	16	51	51	NUM
cblr-2930	401	17	largest	large	ADJ
cblr-2930	401	18	american	american	ADJ
cblr-2930	401	19	oil	oil	NOUN
cblr-2930	401	20	companies	company	NOUN
cblr-2930	401	21	between	between	ADP
cblr-2930	401	22	1977	1977	NUM
cblr-2930	401	23	and	and	CCONJ
cblr-2930	401	24	1994	1994	NUM
cblr-2930	401	25	and	and	CCONJ
cblr-2930	401	26	finding	find	VERB
cblr-2930	401	27	that	that	SCONJ
cblr-2930	401	28	"	"	PUNCT
cblr-2930	401	29	pay	pay	VERB
cblr-2930	401	30	changes	change	NOUN
cblr-2930	401	31	and	and	CCONJ
cblr-2930	401	32	oil	oil	NOUN
cblr-2930	401	33	price	price	NOUN
cblr-2930	401	34	changes	change	NOUN
cblr-2930	401	35	correlate	correlate	VERB
cblr-2930	401	36	quite	quite	ADV
cblr-2930	401	37	well	well	ADV
cblr-2930	401	38	..	..	PUNCT
cblr-2930	401	39	..	..	PUNCT
cblr-2930	402	1	[	[	X
cblr-2930	402	2	which	which	PRON
cblr-2930	402	3	]	]	PUNCT
cblr-2930	402	4	is	be	AUX
cblr-2930	402	5	suggestive	suggestive	ADJ
cblr-2930	402	6	of	of	ADP
cblr-2930	402	7	pay	pay	NOUN
cblr-2930	402	8	for	for	ADP
cblr-2930	402	9	luck	luck	NOUN
cblr-2930	402	10	,	,	PUNCT
cblr-2930	402	11	"	"	PUNCT
cblr-2930	402	12	and	and	CCONJ
cblr-2930	402	13	examining	examine	VERB
cblr-2930	402	14	a	a	DET
cblr-2930	402	15	broader	broad	ADJ
cblr-2930	402	16	dataset	dataset	NOUN
cblr-2930	402	17	to	to	PART
cblr-2930	402	18	determine	determine	VERB
cblr-2930	402	19	whether	whether	SCONJ
cblr-2930	402	20	the	the	DET
cblr-2930	402	21	observations	observation	NOUN
cblr-2930	402	22	can	can	AUX
cblr-2930	402	23	be	be	AUX
cblr-2930	402	24	generalized	generalize	VERB
cblr-2930	402	25	and	and	CCONJ
cblr-2930	402	26	finding	find	VERB
cblr-2930	402	27	that	that	SCONJ
cblr-2930	402	28	they	they	PRON
cblr-2930	402	29	can	can	AUX
cblr-2930	402	30	)	)	PUNCT
cblr-2930	402	31	.	.	PUNCT
cblr-2930	402	32	'	'	PUNCT
cblr-2930	403	1	the	the	DET
cblr-2930	403	2	three	three	NUM
cblr-2930	403	3	examples	example	NOUN
cblr-2930	403	4	of	of	ADP
cblr-2930	403	5	bounded	bounded	ADJ
cblr-2930	403	6	rationality	rationality	NOUN
cblr-2930	403	7	suggest	suggest	VERB
cblr-2930	403	8	it	it	PRON
cblr-2930	403	9	is	be	AUX
cblr-2930	403	10	unlikely	unlikely	ADJ
cblr-2930	403	11	that	that	SCONJ
cblr-2930	403	12	each	each	DET
cblr-2930	403	13	shareholder	shareholder	NOUN
cblr-2930	403	14	votes	vote	VERB
cblr-2930	403	15	for	for	ADP
cblr-2930	403	16	the	the	DET
cblr-2930	403	17	correct	correct	ADJ
cblr-2930	403	18	answer	answer	NOUN
cblr-2930	403	19	with	with	ADP
cblr-2930	403	20	a	a	DET
cblr-2930	403	21	probability	probability	NOUN
cblr-2930	403	22	exceeding	exceed	VERB
cblr-2930	403	23	0.5	0.5	NUM
cblr-2930	403	24	.	.	PUNCT
cblr-2930	404	1	some	some	PRON
cblr-2930	404	2	might	might	AUX
cblr-2930	404	3	argue	argue	VERB
cblr-2930	404	4	that	that	SCONJ
cblr-2930	404	5	this	this	PRON
cblr-2930	404	6	need	need	AUX
cblr-2930	404	7	not	not	PART
cblr-2930	404	8	undermine	undermine	VERB
cblr-2930	404	9	the	the	DET
cblr-2930	404	10	usefulness	usefulness	NOUN
cblr-2930	404	11	of	of	ADP
cblr-2930	404	12	the	the	DET
cblr-2930	404	13	jury	jury	NOUN
cblr-2930	404	14	theorem	theorem	VERB
cblr-2930	404	15	as	as	ADP
cblr-2930	404	16	a	a	DET
cblr-2930	404	17	theoretical	theoretical	ADJ
cblr-2930	404	18	foundation	foundation	NOUN
cblr-2930	404	19	for	for	ADP
cblr-2930	404	20	corporate	corporate	ADJ
cblr-2930	404	21	voting	voting	NOUN
cblr-2930	404	22	since	since	SCONJ
cblr-2930	404	23	the	the	DET
cblr-2930	404	24	theorem	theorem	NOUN
cblr-2930	404	25	also	also	ADV
cblr-2930	404	26	holds	hold	VERB
cblr-2930	404	27	if	if	SCONJ
cblr-2930	404	28	the	the	DET
cblr-2930	404	29	average	average	ADJ
cblr-2930	404	30	competence	competence	NOUN
cblr-2930	404	31	level	level	NOUN
cblr-2930	404	32	exceeds	exceed	VERB
cblr-2930	404	33	0.5	0.5	NUM
cblr-2930	404	34	.	.	PUNCT
cblr-2930	405	1	see	see	VERB
cblr-2930	405	2	thompson	thompson	PROPN
cblr-2930	405	3	&	&	CCONJ
cblr-2930	405	4	edelman	edelman	NOUN
cblr-2930	405	5	,	,	PUNCT
cblr-2930	405	6	supra	supra	PROPN
cblr-2930	405	7	note	note	PROPN
cblr-2930	405	8	17	17	NUM
cblr-2930	405	9	,	,	PUNCT
cblr-2930	405	10	at	at	ADP
cblr-2930	405	11	132	132	NUM
cblr-2930	405	12	n.5	n.5	NOUN
cblr-2930	405	13	.	.	PUNCT
cblr-2930	406	1	while	while	SCONJ
cblr-2930	406	2	this	this	PRON
cblr-2930	406	3	may	may	AUX
cblr-2930	406	4	be	be	AUX
cblr-2930	406	5	true	true	ADJ
cblr-2930	406	6	as	as	ADP
cblr-2930	406	7	a	a	DET
cblr-2930	406	8	statistical	statistical	ADJ
cblr-2930	406	9	matter	matter	NOUN
cblr-2930	406	10	,	,	PUNCT
cblr-2930	406	11	applied	apply	VERB
cblr-2930	406	12	to	to	ADP
cblr-2930	406	13	corporate	corporate	ADJ
cblr-2930	406	14	voting	voting	NOUN
cblr-2930	406	15	it	it	PRON
cblr-2930	406	16	confronts	confront	VERB
cblr-2930	406	17	us	we	PRON
cblr-2930	406	18	with	with	ADP
cblr-2930	406	19	the	the	DET
cblr-2930	406	20	problem	problem	NOUN
cblr-2930	406	21	that	that	PRON
cblr-2930	406	22	we	we	PRON
cblr-2930	406	23	really	really	ADV
cblr-2930	406	24	have	have	VERB
cblr-2930	406	25	no	no	DET
cblr-2930	406	26	reliable	reliable	ADJ
cblr-2930	406	27	way	way	NOUN
cblr-2930	406	28	of	of	ADP
cblr-2930	406	29	measuring	measure	VERB
cblr-2930	406	30	investors	investor	NOUN
cblr-2930	406	31	'	'	PART
cblr-2930	406	32	competence	competence	NOUN
cblr-2930	406	33	levels	level	NOUN
cblr-2930	406	34	,	,	PUNCT
cblr-2930	406	35	and	and	CCONJ
cblr-2930	406	36	thus	thus	ADV
cblr-2930	406	37	to	to	PART
cblr-2930	406	38	determine	determine	VERB
cblr-2930	406	39	whether	whether	SCONJ
cblr-2930	406	40	the	the	DET
cblr-2930	406	41	average	average	ADJ
cblr-2930	406	42	competence	competence	NOUN
cblr-2930	406	43	level	level	NOUN
cblr-2930	406	44	exceeds	exceed	VERB
cblr-2930	406	45	0.5	0.5	NUM
cblr-2930	406	46	.	.	PUNCT
cblr-2930	406	47	to	to	PART
cblr-2930	406	48	illustrate	illustrate	VERB
cblr-2930	406	49	this	this	DET
cblr-2930	406	50	point	point	NOUN
cblr-2930	406	51	,	,	PUNCT
cblr-2930	406	52	imagine	imagine	VERB
cblr-2930	406	53	a	a	DET
cblr-2930	406	54	company	company	NOUN
cblr-2930	406	55	with	with	ADP
cblr-2930	406	56	three	three	NUM
cblr-2930	406	57	shareholders	shareholder	NOUN
cblr-2930	406	58	:	:	PUNCT
cblr-2930	406	59	two	two	NUM
cblr-2930	406	60	biased	bias	VERB
cblr-2930	406	61	retail	retail	ADJ
cblr-2930	406	62	shareholders	shareholder	NOUN
cblr-2930	406	63	and	and	CCONJ
cblr-2930	406	64	one	one	NUM
cblr-2930	406	65	rational	rational	ADJ
cblr-2930	406	66	institutional	institutional	ADJ
cblr-2930	406	67	shareholder	shareholder	NOUN
cblr-2930	406	68	.	.	PUNCT
cblr-2930	407	1	how	how	SCONJ
cblr-2930	407	2	do	do	AUX
cblr-2930	407	3	we	we	PRON
cblr-2930	407	4	assign	assign	VERB
cblr-2930	407	5	probabilities	probability	NOUN
cblr-2930	407	6	of	of	ADP
cblr-2930	407	7	voting	vote	VERB
cblr-2930	407	8	for	for	ADP
cblr-2930	407	9	the	the	DET
cblr-2930	407	10	correct	correct	ADJ
cblr-2930	407	11	answer	answer	NOUN
cblr-2930	407	12	?	?	PUNCT
cblr-2930	408	1	if	if	SCONJ
cblr-2930	408	2	we	we	PRON
cblr-2930	408	3	deem	deem	VERB
cblr-2930	408	4	retail	retail	ADJ
cblr-2930	408	5	investors	investor	NOUN
cblr-2930	408	6	to	to	PART
cblr-2930	408	7	vote	vote	VERB
cblr-2930	408	8	for	for	ADP
cblr-2930	408	9	the	the	DET
cblr-2930	408	10	correct	correct	ADJ
cblr-2930	408	11	answer	answer	NOUN
cblr-2930	408	12	with	with	ADP
cblr-2930	408	13	probability	probability	NOUN
cblr-2930	408	14	0.4	0.4	NUM
cblr-2930	408	15	and	and	CCONJ
cblr-2930	408	16	the	the	DET
cblr-2930	408	17	institutional	institutional	ADJ
cblr-2930	408	18	investor	investor	NOUN
cblr-2930	408	19	to	to	PART
cblr-2930	408	20	vote	vote	VERB
cblr-2930	408	21	for	for	ADP
cblr-2930	408	22	the	the	DET
cblr-2930	408	23	correct	correct	ADJ
cblr-2930	408	24	answer	answer	NOUN
cblr-2930	408	25	with	with	ADP
cblr-2930	408	26	probability	probability	NOUN
cblr-2930	408	27	0.8	0.8	NUM
cblr-2930	408	28	,	,	PUNCT
cblr-2930	408	29	the	the	DET
cblr-2930	408	30	average	average	ADJ
cblr-2930	408	31	competence	competence	NOUN
cblr-2930	408	32	level	level	NOUN
cblr-2930	408	33	exceeds	exceed	VERB
cblr-2930	408	34	0.5	0.5	NUM
cblr-2930	408	35	.	.	PUNCT
cblr-2930	409	1	but	but	CCONJ
cblr-2930	409	2	if	if	SCONJ
cblr-2930	409	3	we	we	PRON
cblr-2930	409	4	deem	deem	VERB
cblr-2930	409	5	the	the	DET
cblr-2930	409	6	retail	retail	ADJ
cblr-2930	409	7	investors	investor	NOUN
cblr-2930	409	8	to	to	PART
cblr-2930	409	9	vote	vote	VERB
cblr-2930	409	10	for	for	ADP
cblr-2930	409	11	the	the	DET
cblr-2930	409	12	correct	correct	ADJ
cblr-2930	409	13	answer	answer	NOUN
cblr-2930	409	14	with	with	ADP
cblr-2930	409	15	probability	probability	NOUN
cblr-2930	409	16	0.3	0.3	NUM
cblr-2930	409	17	and	and	CCONJ
cblr-2930	409	18	the	the	DET
cblr-2930	409	19	institutional	institutional	ADJ
cblr-2930	409	20	investor	investor	NOUN
cblr-2930	409	21	to	to	PART
cblr-2930	409	22	vote	vote	VERB
cblr-2930	409	23	for	for	ADP
cblr-2930	409	24	the	the	DET
cblr-2930	409	25	correct	correct	ADJ
cblr-2930	409	26	answer	answer	NOUN
cblr-2930	409	27	with	with	ADP
cblr-2930	409	28	probability	probability	NOUN
cblr-2930	409	29	0.7	0.7	NUM
cblr-2930	409	30	,	,	PUNCT
cblr-2930	409	31	the	the	DET
cblr-2930	409	32	average	average	ADJ
cblr-2930	409	33	competence	competence	NOUN
cblr-2930	409	34	no	no	NOUN
cblr-2930	409	35	.	.	PUNCT
cblr-2930	410	1	3:763	3:763	NUM
cblr-2930	410	2	]	]	PUNCT
cblr-2930	410	3	789	789	NUM
cblr-2930	410	4	columbia	columbia	PROPN
cblr-2930	410	5	business	business	NOUN
cblr-2930	410	6	law	law	PROPN
cblr-2930	410	7	review	review	VERB
cblr-2930	410	8	meanwhile	meanwhile	ADV
cblr-2930	410	9	,	,	PUNCT
cblr-2930	410	10	behavioral	behavioral	ADJ
cblr-2930	410	11	finance	finance	NOUN
cblr-2930	410	12	suggests	suggest	VERB
cblr-2930	410	13	that	that	SCONJ
cblr-2930	410	14	investors	investor	NOUN
cblr-2930	410	15	have	have	AUX
cblr-2930	410	16	bounded	bound	VERB
cblr-2930	410	17	rationality	rationality	NOUN
cblr-2930	410	18	and	and	CCONJ
cblr-2930	410	19	political	political	ADJ
cblr-2930	410	20	science	science	NOUN
cblr-2930	410	21	suggests	suggest	VERB
cblr-2930	410	22	that	that	SCONJ
cblr-2930	410	23	voters	voter	NOUN
cblr-2930	410	24	have	have	AUX
cblr-2930	410	25	bounded	bound	VERB
cblr-2930	410	26	rationality	rationality	NOUN
cblr-2930	410	27	.	.	PUNCT
cblr-2930	411	1	this	this	DET
cblr-2930	411	2	section	section	NOUN
cblr-2930	411	3	has	have	AUX
cblr-2930	411	4	merely	merely	ADV
cblr-2930	411	5	offered	offer	VERB
cblr-2930	411	6	a	a	DET
cblr-2930	411	7	glimpse	glimpse	NOUN
cblr-2930	411	8	into	into	ADP
cblr-2930	411	9	how	how	SCONJ
cblr-2930	411	10	bounded	bound	VERB
cblr-2930	411	11	rationality	rationality	NOUN
cblr-2930	411	12	may	may	AUX
cblr-2930	411	13	affect	affect	VERB
cblr-2930	411	14	corporate	corporate	ADJ
cblr-2930	411	15	voting	voting	NOUN
cblr-2930	411	16	;	;	PUNCT
cblr-2930	411	17	future	future	ADJ
cblr-2930	411	18	research	research	NOUN
cblr-2930	411	19	will	will	AUX
cblr-2930	411	20	hopefully	hopefully	ADV
cblr-2930	411	21	deepen	deepen	VERB
cblr-2930	411	22	our	our	PRON
cblr-2930	411	23	understanding	understanding	NOUN
cblr-2930	411	24	.	.	PUNCT
cblr-2930	412	1	c.	c.	PROPN
cblr-2930	412	2	independent	independent	ADJ
cblr-2930	412	3	voting	voting	NOUN
cblr-2930	412	4	independent	independent	ADJ
cblr-2930	412	5	voting	voting	NOUN
cblr-2930	412	6	is	be	AUX
cblr-2930	412	7	a	a	DET
cblr-2930	412	8	"	"	PUNCT
cblr-2930	412	9	crucial	crucial	ADJ
cblr-2930	412	10	engine	engine	NOUN
cblr-2930	412	11	"	"	PUNCT
cblr-2930	412	12	behind	behind	ADP
cblr-2930	412	13	the	the	DET
cblr-2930	412	14	jury	jury	NOUN
cblr-2930	412	15	theorem	theorem	VERB
cblr-2930	412	16	.	.	PUNCT
cblr-2930	412	17	"	"	PUNCT
cblr-2930	412	18	standard	standard	ADJ
cblr-2930	412	19	jury	jury	NOUN
cblr-2930	412	20	theorem	theorem	VERB
cblr-2930	412	21	variants	variant	NOUN
cblr-2930	412	22	simply	simply	ADV
cblr-2930	412	23	assume	assume	VERB
cblr-2930	412	24	independence	independence	NOUN
cblr-2930	412	25	,	,	PUNCT
cblr-2930	412	26	and	and	CCONJ
cblr-2930	412	27	advocates	advocate	NOUN
cblr-2930	412	28	of	of	ADP
cblr-2930	412	29	the	the	DET
cblr-2930	412	30	theorem	theorem	NOUN
cblr-2930	412	31	as	as	ADP
cblr-2930	412	32	a	a	DET
cblr-2930	412	33	theoretical	theoretical	ADJ
cblr-2930	412	34	foundation	foundation	NOUN
cblr-2930	412	35	for	for	ADP
cblr-2930	412	36	corporate	corporate	ADJ
cblr-2930	412	37	voting	voting	NOUN
cblr-2930	412	38	have	have	AUX
cblr-2930	412	39	implicitly	implicitly	ADV
cblr-2930	412	40	done	do	VERB
cblr-2930	412	41	the	the	DET
cblr-2930	412	42	same	same	ADJ
cblr-2930	412	43	.	.	PUNCT
cblr-2930	412	44	'	'	PUNCT
cblr-2930	413	1	but	but	CCONJ
cblr-2930	413	2	independence	independence	NOUN
cblr-2930	413	3	is	be	AUX
cblr-2930	413	4	by	by	ADP
cblr-2930	413	5	no	no	DET
cblr-2930	413	6	means	means	NOUN
cblr-2930	413	7	a	a	DET
cblr-2930	413	8	given	give	VERB
cblr-2930	413	9	.	.	PUNCT
cblr-2930	414	1	according	accord	VERB
cblr-2930	414	2	to	to	ADP
cblr-2930	414	3	one	one	NUM
cblr-2930	414	4	commentator	commentator	NOUN
cblr-2930	414	5	,	,	PUNCT
cblr-2930	414	6	the	the	DET
cblr-2930	414	7	main	main	ADJ
cblr-2930	414	8	weakness	weakness	NOUN
cblr-2930	414	9	of	of	ADP
cblr-2930	414	10	the	the	DET
cblr-2930	414	11	jury	jury	NOUN
cblr-2930	414	12	theorem	theorem	NOUN
cblr-2930	414	13	"	"	PUNCT
cblr-2930	414	14	is	be	AUX
cblr-2930	414	15	that	that	SCONJ
cblr-2930	414	16	its	its	PRON
cblr-2930	414	17	assumption	assumption	NOUN
cblr-2930	414	18	of	of	ADP
cblr-2930	414	19	independence	independence	NOUN
cblr-2930	414	20	is	be	AUX
cblr-2930	414	21	unreasonable	unreasonable	ADJ
cblr-2930	414	22	.	.	PUNCT
cblr-2930	415	1	independent	independent	ADJ
cblr-2930	415	2	voting	voting	NOUN
cblr-2930	415	3	requires	require	VERB
cblr-2930	415	4	that	that	SCONJ
cblr-2930	415	5	there	there	PRON
cblr-2930	415	6	be	be	VERB
cblr-2930	415	7	no	no	DET
cblr-2930	415	8	opinion	opinion	NOUN
cblr-2930	415	9	leaders	leader	NOUN
cblr-2930	415	10	,	,	PUNCT
cblr-2930	415	11	that	that	SCONJ
cblr-2930	415	12	voters	voter	NOUN
cblr-2930	415	13	do	do	AUX
cblr-2930	415	14	not	not	PART
cblr-2930	415	15	communicate	communicate	VERB
cblr-2930	415	16	,	,	PUNCT
cblr-2930	415	17	and	and	CCONJ
cblr-2930	415	18	that	that	SCONJ
cblr-2930	415	19	they	they	PRON
cblr-2930	415	20	do	do	AUX
cblr-2930	415	21	level	level	NOUN
cblr-2930	415	22	is	be	AUX
cblr-2930	415	23	below	below	ADP
cblr-2930	415	24	0.5	0.5	NUM
cblr-2930	415	25	.	.	PUNCT
cblr-2930	416	1	in	in	ADP
cblr-2930	416	2	the	the	DET
cblr-2930	416	3	absence	absence	NOUN
cblr-2930	416	4	of	of	ADP
cblr-2930	416	5	suitable	suitable	ADJ
cblr-2930	416	6	criteria	criterion	NOUN
cblr-2930	416	7	,	,	PUNCT
cblr-2930	416	8	the	the	DET
cblr-2930	416	9	task	task	NOUN
cblr-2930	416	10	of	of	ADP
cblr-2930	416	11	assigning	assign	VERB
cblr-2930	416	12	probabilities	probability	NOUN
cblr-2930	416	13	remains	remain	VERB
cblr-2930	416	14	somewhat	somewhat	ADV
cblr-2930	416	15	arbitrary	arbitrary	ADJ
cblr-2930	416	16	in	in	ADP
cblr-2930	416	17	nature	nature	NOUN
cblr-2930	416	18	.	.	PUNCT
cblr-2930	417	1	and	and	CCONJ
cblr-2930	417	2	although	although	SCONJ
cblr-2930	417	3	it	it	PRON
cblr-2930	417	4	might	might	AUX
cblr-2930	417	5	be	be	AUX
cblr-2930	417	6	objected	object	VERB
cblr-2930	417	7	that	that	SCONJ
cblr-2930	417	8	the	the	DET
cblr-2930	417	9	example	example	NOUN
cblr-2930	417	10	does	do	AUX
cblr-2930	417	11	n't	not	PART
cblr-2930	417	12	correspond	correspond	VERB
cblr-2930	417	13	to	to	ADP
cblr-2930	417	14	reality	reality	NOUN
cblr-2930	417	15	because	because	SCONJ
cblr-2930	417	16	the	the	DET
cblr-2930	417	17	majority	majority	NOUN
cblr-2930	417	18	of	of	ADP
cblr-2930	417	19	the	the	DET
cblr-2930	417	20	shares	share	NOUN
cblr-2930	417	21	in	in	ADP
cblr-2930	417	22	public	public	ADJ
cblr-2930	417	23	firms	firm	NOUN
cblr-2930	417	24	are	be	AUX
cblr-2930	417	25	not	not	PART
cblr-2930	417	26	held	hold	VERB
cblr-2930	417	27	by	by	ADP
cblr-2930	417	28	retail	retail	ADJ
cblr-2930	417	29	investors	investor	NOUN
cblr-2930	417	30	but	but	CCONJ
cblr-2930	417	31	by	by	ADP
cblr-2930	417	32	institutional	institutional	ADJ
cblr-2930	417	33	investors	investor	NOUN
cblr-2930	417	34	,	,	PUNCT
cblr-2930	417	35	this	this	DET
cblr-2930	417	36	only	only	ADJ
cblr-2930	417	37	shifts	shift	NOUN
cblr-2930	417	38	our	our	PRON
cblr-2930	417	39	attention	attention	NOUN
cblr-2930	417	40	to	to	ADP
cblr-2930	417	41	a	a	DET
cblr-2930	417	42	second	second	ADJ
cblr-2930	417	43	problem	problem	NOUN
cblr-2930	417	44	,	,	PUNCT
cblr-2930	417	45	which	which	PRON
cblr-2930	417	46	is	be	AUX
cblr-2930	417	47	that	that	SCONJ
cblr-2930	417	48	institutional	institutional	ADJ
cblr-2930	417	49	investors	investor	NOUN
cblr-2930	417	50	too	too	ADV
cblr-2930	417	51	may	may	AUX
cblr-2930	417	52	be	be	AUX
cblr-2930	417	53	irrational	irrational	ADJ
cblr-2930	417	54	voters	voter	NOUN
cblr-2930	417	55	.	.	PUNCT
cblr-2930	418	1	see	see	VERB
cblr-2930	418	2	shiller	shiller	PROPN
cblr-2930	418	3	,	,	PUNCT
cblr-2930	418	4	supra	supra	PROPN
cblr-2930	418	5	note	note	PROPN
cblr-2930	418	6	35	35	NUM
cblr-2930	418	7	,	,	PUNCT
cblr-2930	418	8	at	at	ADP
cblr-2930	418	9	33	33	NUM
cblr-2930	418	10	(	(	PUNCT
cblr-2930	418	11	noting	note	VERB
cblr-2930	418	12	that	that	SCONJ
cblr-2930	418	13	"	"	PUNCT
cblr-2930	418	14	[	[	X
cblr-2930	418	15	professional	professional	ADJ
cblr-2930	418	16	investors	investor	NOUN
cblr-2930	418	17	.	.	PUNCT
cblr-2930	419	1	..	..	PUNCT
cblr-2930	419	2	are	be	AUX
cblr-2930	419	3	not	not	PART
cblr-2930	419	4	immune	immune	ADJ
cblr-2930	419	5	from	from	ADP
cblr-2930	419	6	the	the	DET
cblr-2930	419	7	effects	effect	NOUN
cblr-2930	419	8	of	of	ADP
cblr-2930	419	9	popular	popular	ADJ
cblr-2930	419	10	investing	investing	NOUN
cblr-2930	419	11	culture	culture	NOUN
cblr-2930	419	12	that	that	PRON
cblr-2930	419	13	we	we	PRON
cblr-2930	419	14	observe	observe	VERB
cblr-2930	419	15	in	in	ADP
cblr-2930	419	16	individual	individual	ADJ
cblr-2930	419	17	investors	investor	NOUN
cblr-2930	419	18	,	,	PUNCT
cblr-2930	419	19	and	and	CCONJ
cblr-2930	419	20	many	many	ADJ
cblr-2930	419	21	[	[	PUNCT
cblr-2930	419	22	cultural	cultural	ADJ
cblr-2930	419	23	and	and	CCONJ
cblr-2930	419	24	psychological	psychological	ADJ
cblr-2930	419	25	factors	factor	NOUN
cblr-2930	419	26	)	)	PUNCT
cblr-2930	419	27	no	no	ADV
cblr-2930	419	28	doubt	doubt	ADV
cblr-2930	419	29	influence	influence	VERB
cblr-2930	419	30	their	their	PRON
cblr-2930	419	31	thinking	thinking	NOUN
cblr-2930	419	32	as	as	ADV
cblr-2930	419	33	well	well	ADV
cblr-2930	419	34	"	"	PUNCT
cblr-2930	419	35	)	)	PUNCT
cblr-2930	419	36	.	.	PUNCT
cblr-2930	420	1	6	6	NUM
cblr-2930	420	2	vermeule	vermeule	NOUN
cblr-2930	420	3	,	,	PUNCT
cblr-2930	420	4	supra	supra	PROPN
cblr-2930	420	5	note	note	NOUN
cblr-2930	420	6	19	19	NUM
cblr-2930	420	7	,	,	PUNCT
cblr-2930	420	8	at	at	ADP
cblr-2930	420	9	6	6	NUM
cblr-2930	420	10	.	.	PUNCT
cblr-2930	420	11	*	*	PUNCT
cblr-2930	420	12	nicholas	nicholas	PROPN
cblr-2930	420	13	r.	r.	PROPN
cblr-2930	420	14	miller	miller	PROPN
cblr-2930	420	15	,	,	PUNCT
cblr-2930	420	16	information	information	NOUN
cblr-2930	420	17	,	,	PUNCT
cblr-2930	420	18	individual	individual	ADJ
cblr-2930	420	19	errors	error	NOUN
cblr-2930	420	20	,	,	PUNCT
cblr-2930	420	21	and	and	CCONJ
cblr-2930	420	22	collective	collective	ADJ
cblr-2930	420	23	performance	performance	NOUN
cblr-2930	420	24	:	:	PUNCT
cblr-2930	420	25	empirical	empirical	ADJ
cblr-2930	420	26	evidence	evidence	NOUN
cblr-2930	420	27	on	on	ADP
cblr-2930	420	28	the	the	DET
cblr-2930	420	29	condorcet	condorcet	PROPN
cblr-2930	420	30	jury	jury	NOUN
cblr-2930	420	31	theorem	theorem	VERB
cblr-2930	420	32	,	,	PUNCT
cblr-2930	420	33	5	5	NUM
cblr-2930	420	34	group	group	NOUN
cblr-2930	420	35	decision	decision	NOUN
cblr-2930	420	36	&	&	CCONJ
cblr-2930	420	37	negotiation	negotiation	NOUN
cblr-2930	420	38	211	211	NUM
cblr-2930	420	39	,	,	PUNCT
cblr-2930	420	40	214	214	NUM
cblr-2930	420	41	(	(	PUNCT
cblr-2930	420	42	1996	1996	NUM
cblr-2930	420	43	)	)	PUNCT
cblr-2930	420	44	(	(	PUNCT
cblr-2930	420	45	noting	note	VERB
cblr-2930	420	46	that	that	SCONJ
cblr-2930	420	47	"	"	PUNCT
cblr-2930	420	48	lstandard	lstandard	ADJ
cblr-2930	420	49	condorcet	condorcet	ADJ
cblr-2930	420	50	jury	jury	NOUN
cblr-2930	420	51	theorem	theorem	VERB
cblr-2930	420	52	variants	variant	NOUN
cblr-2930	420	53	assume	assume	VERB
cblr-2930	420	54	that	that	SCONJ
cblr-2930	420	55	individual	individual	ADJ
cblr-2930	420	56	choices	choice	NOUN
cblr-2930	420	57	are	be	AUX
cblr-2930	420	58	statistically	statistically	ADV
cblr-2930	420	59	independent	independent	ADJ
cblr-2930	420	60	"	"	PUNCT
cblr-2930	420	61	)	)	PUNCT
cblr-2930	420	62	;	;	PUNCT
cblr-2930	420	63	thompson	thompson	PROPN
cblr-2930	420	64	&	&	CCONJ
cblr-2930	420	65	edelman	edelman	PROPN
cblr-2930	420	66	,	,	PUNCT
cblr-2930	420	67	supra	supra	PROPN
cblr-2930	420	68	note	note	PROPN
cblr-2930	420	69	17	17	NUM
cblr-2930	420	70	,	,	PUNCT
cblr-2930	420	71	at	at	ADP
cblr-2930	420	72	149	149	NUM
cblr-2930	420	73	-	-	SYM
cblr-2930	420	74	50	50	NUM
cblr-2930	420	75	(	(	PUNCT
cblr-2930	420	76	referring	refer	VERB
cblr-2930	420	77	to	to	ADP
cblr-2930	420	78	the	the	DET
cblr-2930	420	79	condition	condition	NOUN
cblr-2930	420	80	of	of	ADP
cblr-2930	420	81	voter	voter	NOUN
cblr-2930	420	82	independence	independence	NOUN
cblr-2930	420	83	but	but	CCONJ
cblr-2930	420	84	not	not	PART
cblr-2930	420	85	explaining	explain	VERB
cblr-2930	420	86	why	why	SCONJ
cblr-2930	420	87	this	this	DET
cblr-2930	420	88	condition	condition	NOUN
cblr-2930	420	89	is	be	AUX
cblr-2930	420	90	fulfilled	fulfil	VERB
cblr-2930	420	91	in	in	ADP
cblr-2930	420	92	the	the	DET
cblr-2930	420	93	case	case	NOUN
cblr-2930	420	94	of	of	ADP
cblr-2930	420	95	voting	vote	VERB
cblr-2930	420	96	shareholders	shareholder	NOUN
cblr-2930	420	97	.	.	PUNCT
cblr-2930	421	1	in	in	ADP
cblr-2930	421	2	footnote	footnote	NOUN
cblr-2930	421	3	5	5	NUM
cblr-2930	421	4	,	,	PUNCT
cblr-2930	421	5	thompson	thompson	PROPN
cblr-2930	421	6	&	&	CCONJ
cblr-2930	421	7	edelman	edelman	PROPN
cblr-2930	421	8	refer	refer	VERB
cblr-2930	421	9	to	to	ADP
cblr-2930	421	10	a	a	DET
cblr-2930	421	11	study	study	NOUN
cblr-2930	421	12	by	by	ADP
cblr-2930	421	13	krishna	krishna	PROPN
cblr-2930	421	14	ladha	ladha	PROPN
cblr-2930	421	15	(	(	PUNCT
cblr-2930	421	16	cited	cite	VERB
cblr-2930	421	17	infra	infra	NOUN
cblr-2930	421	18	note	note	VERB
cblr-2930	421	19	69	69	NUM
cblr-2930	421	20	)	)	PUNCT
cblr-2930	421	21	suggesting	suggest	VERB
cblr-2930	421	22	that	that	SCONJ
cblr-2930	421	23	one	one	PRON
cblr-2930	421	24	can	can	AUX
cblr-2930	421	25	"	"	PUNCT
cblr-2930	421	26	relax	relax	VERB
cblr-2930	421	27	the	the	DET
cblr-2930	421	28	independence	independence	NOUN
cblr-2930	421	29	"	"	PUNCT
cblr-2930	421	30	of	of	ADP
cblr-2930	421	31	the	the	DET
cblr-2930	421	32	voters	voter	NOUN
cblr-2930	421	33	to	to	PART
cblr-2930	421	34	allow	allow	VERB
cblr-2930	421	35	for	for	ADP
cblr-2930	421	36	some	some	DET
cblr-2930	421	37	level	level	NOUN
cblr-2930	421	38	of	of	ADP
cblr-2930	421	39	correlation	correlation	NOUN
cblr-2930	421	40	,	,	PUNCT
cblr-2930	421	41	but	but	CCONJ
cblr-2930	421	42	they	they	PRON
cblr-2930	421	43	do	do	AUX
cblr-2930	421	44	not	not	PART
cblr-2930	421	45	offer	offer	VERB
cblr-2930	421	46	an	an	DET
cblr-2930	421	47	argument	argument	NOUN
cblr-2930	421	48	for	for	ADP
cblr-2930	421	49	why	why	SCONJ
cblr-2930	421	50	we	we	PRON
cblr-2930	421	51	can	can	AUX
cblr-2930	421	52	assume	assume	VERB
cblr-2930	421	53	that	that	SCONJ
cblr-2930	421	54	voting	vote	VERB
cblr-2930	421	55	shareholders	shareholder	NOUN
cblr-2930	421	56	are	be	AUX
cblr-2930	421	57	sufficiently	sufficiently	ADV
cblr-2930	421	58	independent	independent	ADJ
cblr-2930	421	59	)	)	PUNCT
cblr-2930	421	60	.	.	PUNCT
cblr-2930	422	1	790	790	NUM
cblr-2930	423	1	[	[	X
cblr-2930	423	2	vol	vol	NOUN
cblr-2930	423	3	.	.	PUNCT
cblr-2930	423	4	2010	2010	NUM
cblr-2930	423	5	not	not	PART
cblr-2930	423	6	possess	possess	VERB
cblr-2930	423	7	common	common	ADJ
cblr-2930	423	8	information	information	NOUN
cblr-2930	423	9	,	,	PUNCT
cblr-2930	423	10	culture	culture	NOUN
cblr-2930	423	11	,	,	PUNCT
cblr-2930	423	12	religion	religion	NOUN
cblr-2930	423	13	,	,	PUNCT
cblr-2930	423	14	beliefs	belief	NOUN
cblr-2930	423	15	,	,	PUNCT
cblr-2930	423	16	or	or	CCONJ
cblr-2930	423	17	other	other	ADJ
cblr-2930	423	18	elements	element	NOUN
cblr-2930	423	19	that	that	PRON
cblr-2930	423	20	could	could	AUX
cblr-2930	423	21	lead	lead	VERB
cblr-2930	423	22	to	to	ADP
cblr-2930	423	23	correlated	correlate	VERB
cblr-2930	423	24	votes	vote	NOUN
cblr-2930	423	25	.	.	PUNCT
cblr-2930	424	1	"	"	PUNCT
cblr-2930	424	2	"	"	PUNCT
cblr-2930	424	3	this	this	DET
cblr-2930	424	4	quote	quote	NOUN
cblr-2930	424	5	suggests	suggest	VERB
cblr-2930	424	6	a	a	DET
cblr-2930	424	7	number	number	NOUN
cblr-2930	424	8	of	of	ADP
cblr-2930	424	9	issues	issue	NOUN
cblr-2930	424	10	that	that	PRON
cblr-2930	424	11	could	could	AUX
cblr-2930	424	12	compromise	compromise	VERB
cblr-2930	424	13	shareholder	shareholder	NOUN
cblr-2930	424	14	independence	independence	NOUN
cblr-2930	424	15	.	.	PUNCT
cblr-2930	425	1	one	one	NUM
cblr-2930	425	2	is	be	AUX
cblr-2930	425	3	communication	communication	NOUN
cblr-2930	425	4	between	between	ADP
cblr-2930	425	5	shareholders	shareholder	NOUN
cblr-2930	425	6	,	,	PUNCT
cblr-2930	425	7	or	or	CCONJ
cblr-2930	425	8	"	"	PUNCT
cblr-2930	425	9	acting	act	VERB
cblr-2930	425	10	in	in	ADP
cblr-2930	425	11	concert	concert	NOUN
cblr-2930	425	12	,	,	PUNCT
cblr-2930	425	13	"	"	PUNCT
cblr-2930	425	14	which	which	PRON
cblr-2930	425	15	is	be	AUX
cblr-2930	425	16	widely	widely	ADV
cblr-2930	425	17	seen	see	VERB
cblr-2930	425	18	as	as	ADP
cblr-2930	425	19	a	a	DET
cblr-2930	425	20	means	means	NOUN
cblr-2930	425	21	to	to	PART
cblr-2930	425	22	overcome	overcome	VERB
cblr-2930	425	23	collective	collective	ADJ
cblr-2930	425	24	action	action	NOUN
cblr-2930	425	25	problems	problem	NOUN
cblr-2930	425	26	and	and	CCONJ
cblr-2930	425	27	strengthen	strengthen	VERB
cblr-2930	425	28	shareholder	shareholder	NOUN
cblr-2930	425	29	voice.o	voice.o	VERB
cblr-2930	425	30	to	to	PART
cblr-2930	425	31	be	be	AUX
cblr-2930	425	32	sure	sure	ADJ
cblr-2930	425	33	,	,	PUNCT
cblr-2930	425	34	deliberation	deliberation	NOUN
cblr-2930	425	35	might	might	AUX
cblr-2930	425	36	elicit	elicit	VERB
cblr-2930	425	37	perspectives	perspective	NOUN
cblr-2930	425	38	and	and	CCONJ
cblr-2930	425	39	information	information	NOUN
cblr-2930	425	40	and	and	CCONJ
cblr-2930	425	41	thus	thus	ADV
cblr-2930	425	42	improve	improve	VERB
cblr-2930	425	43	the	the	DET
cblr-2930	425	44	judgment	judgment	NOUN
cblr-2930	425	45	of	of	ADP
cblr-2930	425	46	the	the	DET
cblr-2930	425	47	deliberating	deliberate	VERB
cblr-2930	425	48	parties	party	NOUN
cblr-2930	425	49	.	.	PUNCT
cblr-2930	425	50	"	"	PUNCT
cblr-2930	426	1	but	but	CCONJ
cblr-2930	426	2	it	it	PRON
cblr-2930	426	3	is	be	AUX
cblr-2930	426	4	unclear	unclear	ADJ
cblr-2930	426	5	whether	whether	SCONJ
cblr-2930	426	6	and	and	CCONJ
cblr-2930	426	7	to	to	ADP
cblr-2930	426	8	what	what	DET
cblr-2930	426	9	extent	extent	NOUN
cblr-2930	426	10	deliberation	deliberation	NOUN
cblr-2930	426	11	compromises	compromise	VERB
cblr-2930	426	12	independence	independence	NOUN
cblr-2930	426	13	,	,	PUNCT
cblr-2930	426	14	and	and	CCONJ
cblr-2930	426	15	"	"	PUNCT
cblr-2930	426	16	[	[	X
cblr-2930	426	17	albsent	albsent	NOUN
cblr-2930	426	18	any	any	DET
cblr-2930	426	19	general	general	ADJ
cblr-2930	426	20	account	account	NOUN
cblr-2930	426	21	of	of	ADP
cblr-2930	426	22	this	this	PRON
cblr-2930	426	23	,	,	PUNCT
cblr-2930	426	24	the	the	DET
cblr-2930	426	25	basic	basic	ADJ
cblr-2930	426	26	reach	reach	NOUN
cblr-2930	426	27	of	of	ADP
cblr-2930	426	28	the	the	DET
cblr-2930	426	29	jury	jury	NOUN
cblr-2930	426	30	theorem	theorem	NOUN
cblr-2930	426	31	is	be	AUX
cblr-2930	426	32	not	not	PART
cblr-2930	426	33	well	well	ADV
cblr-2930	426	34	understood	understand	VERB
cblr-2930	426	35	.	.	PUNCT
cblr-2930	427	1	"72	"72	NOUN
cblr-2930	427	2	more	more	ADV
cblr-2930	427	3	generally	generally	ADV
cblr-2930	427	4	,	,	PUNCT
cblr-2930	427	5	it	it	PRON
cblr-2930	427	6	is	be	AUX
cblr-2930	427	7	unclear	unclear	ADJ
cblr-2930	427	8	to	to	ADP
cblr-2930	427	9	what	what	DET
cblr-2930	427	10	extent	extent	NOUN
cblr-2930	427	11	the	the	DET
cblr-2930	427	12	condition	condition	NOUN
cblr-2930	427	13	of	of	ADP
cblr-2930	427	14	independence	independence	NOUN
cblr-2930	427	15	can	can	AUX
cblr-2930	427	16	be	be	AUX
cblr-2930	427	17	relaxed	relax	VERB
cblr-2930	427	18	.	.	PUNCT
cblr-2930	427	19	"	"	PUNCT
cblr-2930	428	1	69	69	NUM
cblr-2930	428	2	krishna	krishna	NOUN
cblr-2930	428	3	k	k	PROPN
cblr-2930	428	4	ladha	ladha	PROPN
cblr-2930	428	5	,	,	PUNCT
cblr-2930	428	6	the	the	DET
cblr-2930	428	7	condorcet	condorcet	ADJ
cblr-2930	428	8	jury	jury	NOUN
cblr-2930	428	9	theorem	theorem	VERB
cblr-2930	428	10	,	,	PUNCT
cblr-2930	428	11	free	free	ADJ
cblr-2930	428	12	speech	speech	NOUN
cblr-2930	428	13	,	,	PUNCT
cblr-2930	428	14	and	and	CCONJ
cblr-2930	428	15	correlated	correlate	VERB
cblr-2930	428	16	votes	vote	NOUN
cblr-2930	428	17	,	,	PUNCT
cblr-2930	428	18	36	36	NUM
cblr-2930	428	19	am	am	NOUN
cblr-2930	428	20	.	.	PUNCT
cblr-2930	429	1	j.	j.	PROPN
cblr-2930	429	2	pol	pol	PROPN
cblr-2930	429	3	.	.	PUNCT
cblr-2930	430	1	sci	sci	PROPN
cblr-2930	430	2	.	.	PROPN
cblr-2930	430	3	617	617	NUM
cblr-2930	430	4	,	,	PUNCT
cblr-2930	430	5	621	621	NUM
cblr-2930	430	6	(	(	PUNCT
cblr-2930	430	7	1992	1992	NUM
cblr-2930	430	8	)	)	PUNCT
cblr-2930	430	9	.	.	PUNCT
cblr-2930	431	1	70	70	NUM
cblr-2930	431	2	see	see	VERB
cblr-2930	431	3	,	,	PUNCT
cblr-2930	431	4	e.g.	e.g.	ADV
cblr-2930	431	5	,	,	PUNCT
cblr-2930	431	6	org	org	NOUN
cblr-2930	431	7	.	.	PUNCT
cblr-2930	432	1	for	for	ADP
cblr-2930	432	2	econ	econ	PROPN
cblr-2930	432	3	.	.	PUNCT
cblr-2930	433	1	co	co	NOUN
cblr-2930	433	2	-	-	NOUN
cblr-2930	433	3	operation	operation	NOUN
cblr-2930	433	4	and	and	CCONJ
cblr-2930	433	5	dev	dev	PROPN
cblr-2930	433	6	,	,	PUNCT
cblr-2930	433	7	oecd	oecd	PROPN
cblr-2930	433	8	principles	principle	NOUN
cblr-2930	433	9	of	of	ADP
cblr-2930	433	10	corporate	corporate	ADJ
cblr-2930	433	11	governance	governance	NOUN
cblr-2930	433	12	38	38	NUM
cblr-2930	433	13	(	(	PUNCT
cblr-2930	433	14	2004	2004	NUM
cblr-2930	433	15	)	)	PUNCT
cblr-2930	433	16	(	(	PUNCT
cblr-2930	433	17	suggesting	suggest	VERB
cblr-2930	433	18	that	that	SCONJ
cblr-2930	433	19	shareholders	shareholder	NOUN
cblr-2930	433	20	should	should	AUX
cblr-2930	433	21	be	be	AUX
cblr-2930	433	22	encouraged	encourage	VERB
cblr-2930	433	23	to	to	PART
cblr-2930	433	24	cooperate	cooperate	VERB
cblr-2930	433	25	and	and	CCONJ
cblr-2930	433	26	coordinate	coordinate	VERB
cblr-2930	433	27	to	to	PART
cblr-2930	433	28	overcome	overcome	VERB
cblr-2930	433	29	collective	collective	ADJ
cblr-2930	433	30	action	action	NOUN
cblr-2930	433	31	problems	problem	NOUN
cblr-2930	433	32	)	)	PUNCT
cblr-2930	433	33	.	.	PUNCT
cblr-2930	434	1	7	7	NUM
cblr-2930	434	2	'	'	PART
cblr-2930	434	3	sunstein	sunstein	NOUN
cblr-2930	434	4	,	,	PUNCT
cblr-2930	434	5	supra	supra	PROPN
cblr-2930	434	6	note	note	NOUN
cblr-2930	434	7	16	16	NUM
cblr-2930	434	8	,	,	PUNCT
cblr-2930	434	9	at	at	ADP
cblr-2930	434	10	54	54	NUM
cblr-2930	434	11	;	;	PUNCT
cblr-2930	434	12	see	see	VERB
cblr-2930	434	13	also	also	ADV
cblr-2930	434	14	jeremy	jeremy	PROPN
cblr-2930	434	15	waldron	waldron	PROPN
cblr-2930	434	16	,	,	PUNCT
cblr-2930	434	17	the	the	DET
cblr-2930	434	18	wisdom	wisdom	NOUN
cblr-2930	434	19	of	of	ADP
cblr-2930	434	20	the	the	DET
cblr-2930	434	21	multitude	multitude	NOUN
cblr-2930	434	22	:	:	PUNCT
cblr-2930	434	23	some	some	DET
cblr-2930	434	24	reflections	reflection	NOUN
cblr-2930	434	25	on	on	ADP
cblr-2930	434	26	book	book	NOUN
cblr-2930	434	27	3	3	NUM
cblr-2930	434	28	chapter	chapter	NOUN
cblr-2930	434	29	11	11	NUM
cblr-2930	434	30	of	of	ADP
cblr-2930	434	31	aristotle	aristotle	PROPN
cblr-2930	434	32	's	's	PART
cblr-2930	434	33	politics	politic	NOUN
cblr-2930	434	34	,	,	PUNCT
cblr-2930	434	35	23	23	NUM
cblr-2930	434	36	pol	pol	NOUN
cblr-2930	434	37	.	.	PUNCT
cblr-2930	435	1	theory	theory	NOUN
cblr-2930	435	2	563	563	NUM
cblr-2930	435	3	,	,	PUNCT
cblr-2930	435	4	564	564	NUM
cblr-2930	435	5	(	(	PUNCT
cblr-2930	435	6	1995	1995	NUM
cblr-2930	435	7	)	)	PUNCT
cblr-2930	435	8	(	(	PUNCT
cblr-2930	435	9	discussing	discuss	VERB
cblr-2930	435	10	the	the	DET
cblr-2930	435	11	epistemic	epistemic	ADJ
cblr-2930	435	12	benefits	benefit	NOUN
cblr-2930	435	13	of	of	ADP
cblr-2930	435	14	deliberation	deliberation	NOUN
cblr-2930	435	15	as	as	SCONJ
cblr-2930	435	16	described	describe	VERB
cblr-2930	435	17	by	by	ADP
cblr-2930	435	18	aristotle	aristotle	PROPN
cblr-2930	435	19	)	)	PUNCT
cblr-2930	435	20	.	.	PUNCT
cblr-2930	436	1	the	the	DET
cblr-2930	436	2	idea	idea	NOUN
cblr-2930	436	3	of	of	ADP
cblr-2930	436	4	the	the	DET
cblr-2930	436	5	wisdom	wisdom	NOUN
cblr-2930	436	6	of	of	ADP
cblr-2930	436	7	the	the	DET
cblr-2930	436	8	multitude	multitude	NOUN
cblr-2930	436	9	resonates	resonate	VERB
cblr-2930	436	10	in	in	ADP
cblr-2930	436	11	one	one	NUM
cblr-2930	436	12	court	court	NOUN
cblr-2930	436	13	's	's	PART
cblr-2930	436	14	characterization	characterization	NOUN
cblr-2930	436	15	of	of	ADP
cblr-2930	436	16	shareholder	shareholder	NOUN
cblr-2930	436	17	resolutions	resolution	NOUN
cblr-2930	436	18	as	as	ADP
cblr-2930	436	19	the	the	DET
cblr-2930	436	20	"	"	PUNCT
cblr-2930	436	21	fruit	fruit	NOUN
cblr-2930	436	22	of	of	ADP
cblr-2930	436	23	deliberation	deliberation	NOUN
cblr-2930	436	24	.	.	PUNCT
cblr-2930	436	25	"	"	PUNCT
cblr-2930	437	1	netherlands	netherlands	PROPN
cblr-2930	437	2	supreme	supreme	PROPN
cblr-2930	437	3	court	court	PROPN
cblr-2930	437	4	,	,	PUNCT
cblr-2930	437	5	15	15	NUM
cblr-2930	437	6	july	july	PROPN
cblr-2930	437	7	1968	1968	NUM
cblr-2930	437	8	,	,	PUNCT
cblr-2930	437	9	nj	nj	PROPN
cblr-2930	437	10	1969	1969	NUM
cblr-2930	437	11	,	,	PUNCT
cblr-2930	437	12	101	101	NUM
cblr-2930	437	13	(	(	PUNCT
cblr-2930	437	14	wijsmuller	wijsmuller	NOUN
cblr-2930	437	15	)	)	PUNCT
cblr-2930	437	16	.	.	PUNCT
cblr-2930	438	1	72	72	NUM
cblr-2930	438	2	vermeule	vermeule	NOUN
cblr-2930	438	3	,	,	PUNCT
cblr-2930	438	4	supra	supra	PROPN
cblr-2930	438	5	note	note	NOUN
cblr-2930	438	6	19	19	NUM
cblr-2930	438	7	,	,	PUNCT
cblr-2930	438	8	at	at	ADP
cblr-2930	438	9	6	6	NUM
cblr-2930	438	10	-	-	SYM
cblr-2930	438	11	7	7	NUM
cblr-2930	438	12	,	,	PUNCT
cblr-2930	438	13	18	18	NUM
cblr-2930	438	14	-	-	SYM
cblr-2930	438	15	23	23	NUM
cblr-2930	438	16	;	;	PUNCT
cblr-2930	438	17	see	see	VERB
cblr-2930	438	18	also	also	ADV
cblr-2930	438	19	sunstein	sunstein	VERB
cblr-2930	438	20	,	,	PUNCT
cblr-2930	438	21	supra	supra	PROPN
cblr-2930	438	22	note	note	NOUN
cblr-2930	438	23	16	16	NUM
cblr-2930	438	24	,	,	PUNCT
cblr-2930	438	25	at	at	ADP
cblr-2930	438	26	54	54	NUM
cblr-2930	438	27	,	,	PUNCT
cblr-2930	438	28	78	78	NUM
cblr-2930	438	29	-	-	SYM
cblr-2930	438	30	80	80	NUM
cblr-2930	438	31	(	(	PUNCT
cblr-2930	438	32	discussing	discuss	VERB
cblr-2930	438	33	positive	positive	ADJ
cblr-2930	438	34	and	and	CCONJ
cblr-2930	438	35	negative	negative	ADJ
cblr-2930	438	36	effects	effect	NOUN
cblr-2930	438	37	of	of	ADP
cblr-2930	438	38	deliberation	deliberation	NOUN
cblr-2930	438	39	on	on	ADP
cblr-2930	438	40	judgments	judgment	NOUN
cblr-2930	438	41	)	)	PUNCT
cblr-2930	438	42	;	;	PUNCT
cblr-2930	438	43	see	see	VERB
cblr-2930	438	44	miller	miller	PROPN
cblr-2930	438	45	,	,	PUNCT
cblr-2930	438	46	supra	supra	PROPN
cblr-2930	438	47	note	note	PROPN
cblr-2930	438	48	68	68	NUM
cblr-2930	438	49	,	,	PUNCT
cblr-2930	438	50	at	at	ADP
cblr-2930	438	51	214	214	NUM
cblr-2930	438	52	(	(	PUNCT
cblr-2930	438	53	noting	note	VERB
cblr-2930	438	54	that	that	SCONJ
cblr-2930	438	55	"	"	PUNCT
cblr-2930	438	56	[	[	PUNCT
cblr-2930	438	57	dieliberation	dieliberation	NOUN
cblr-2930	438	58	and	and	CCONJ
cblr-2930	438	59	mutual	mutual	ADJ
cblr-2930	438	60	influence	influence	NOUN
cblr-2930	438	61	can	can	AUX
cblr-2930	438	62	be	be	AUX
cblr-2930	438	63	thought	think	VERB
cblr-2930	438	64	of	of	ADP
cblr-2930	438	65	as	as	ADP
cblr-2930	438	66	having	have	VERB
cblr-2930	438	67	two	two	NUM
cblr-2930	438	68	effects	effect	NOUN
cblr-2930	438	69	:	:	PUNCT
cblr-2930	438	70	first	first	ADV
cblr-2930	438	71	,	,	PUNCT
cblr-2930	438	72	they	they	PRON
cblr-2930	438	73	increase	increase	VERB
cblr-2930	438	74	average	average	ADJ
cblr-2930	438	75	individual	individual	ADJ
cblr-2930	438	76	competence	competence	NOUN
cblr-2930	438	77	.	.	PUNCT
cblr-2930	438	78	.	.	PUNCT
cblr-2930	438	79	.	.	PUNCT
cblr-2930	438	80	.	.	PUNCT
cblr-2930	439	1	[	[	X
cblr-2930	439	2	slecond	slecond	NOUN
cblr-2930	439	3	,	,	PUNCT
cblr-2930	439	4	they	they	PRON
cblr-2930	439	5	reduce	reduce	VERB
cblr-2930	439	6	the	the	DET
cblr-2930	439	7	'	'	PUNCT
cblr-2930	439	8	effective	effective	ADJ
cblr-2930	439	9	number	number	NOUN
cblr-2930	439	10	'	'	PUNCT
cblr-2930	439	11	of	of	ADP
cblr-2930	439	12	group	group	NOUN
cblr-2930	439	13	members	member	NOUN
cblr-2930	439	14	.	.	PUNCT
cblr-2930	440	1	the	the	DET
cblr-2930	440	2	first	first	ADJ
cblr-2930	440	3	effect	effect	NOUN
cblr-2930	440	4	increases	increase	VERB
cblr-2930	440	5	collective	collective	ADJ
cblr-2930	440	6	competence	competence	NOUN
cblr-2930	440	7	,	,	PUNCT
cblr-2930	440	8	while	while	SCONJ
cblr-2930	440	9	the	the	DET
cblr-2930	440	10	second	second	ADJ
cblr-2930	440	11	reduces	reduce	VERB
cblr-2930	440	12	it	it	PRON
cblr-2930	440	13	,	,	PUNCT
cblr-2930	440	14	so	so	CCONJ
cblr-2930	440	15	the	the	DET
cblr-2930	440	16	net	net	ADJ
cblr-2930	440	17	effect	effect	NOUN
cblr-2930	440	18	is	be	AUX
cblr-2930	440	19	difficult	difficult	ADJ
cblr-2930	440	20	to	to	PART
cblr-2930	440	21	predict	predict	VERB
cblr-2930	440	22	"	"	PUNCT
cblr-2930	440	23	)	)	PUNCT
cblr-2930	440	24	;	;	PUNCT
cblr-2930	440	25	page	page	NOUN
cblr-2930	440	26	,	,	PUNCT
cblr-2930	440	27	supra	supra	PROPN
cblr-2930	440	28	note	note	NOUN
cblr-2930	440	29	41	41	NUM
cblr-2930	440	30	,	,	PUNCT
cblr-2930	440	31	at	at	ADP
cblr-2930	440	32	213	213	NUM
cblr-2930	440	33	(	(	PUNCT
cblr-2930	440	34	demonstrating	demonstrate	VERB
cblr-2930	440	35	that	that	DET
cblr-2930	440	36	deliberation	deliberation	NOUN
cblr-2930	440	37	acts	act	VERB
cblr-2930	440	38	as	as	ADP
cblr-2930	440	39	a	a	DET
cblr-2930	440	40	double	double	ADJ
cblr-2930	440	41	-	-	PUNCT
cblr-2930	440	42	edged	edge	VERB
cblr-2930	440	43	sword	sword	NOUN
cblr-2930	440	44	by	by	ADP
cblr-2930	440	45	increasing	increase	VERB
cblr-2930	440	46	individual	individual	ADJ
cblr-2930	440	47	accuracy	accuracy	NOUN
cblr-2930	440	48	but	but	CCONJ
cblr-2930	440	49	reducing	reduce	VERB
cblr-2930	440	50	diversity	diversity	NOUN
cblr-2930	440	51	within	within	ADP
cblr-2930	440	52	the	the	DET
cblr-2930	440	53	group	group	NOUN
cblr-2930	440	54	)	)	PUNCT
cblr-2930	440	55	.	.	PUNCT
cblr-2930	441	1	"	"	PUNCT
cblr-2930	441	2	what	what	PRON
cblr-2930	441	3	we	we	PRON
cblr-2930	441	4	do	do	AUX
cblr-2930	441	5	know	know	VERB
cblr-2930	441	6	is	be	AUX
cblr-2930	441	7	that	that	SCONJ
cblr-2930	441	8	the	the	DET
cblr-2930	441	9	jury	jury	NOUN
cblr-2930	441	10	theorem	theorem	VERB
cblr-2930	441	11	requires	require	VERB
cblr-2930	441	12	statistical	statistical	ADJ
cblr-2930	441	13	independence	independence	NOUN
cblr-2930	441	14	,	,	PUNCT
cblr-2930	441	15	not	not	PART
cblr-2930	441	16	causal	causal	ADJ
cblr-2930	441	17	independence	independence	NOUN
cblr-2930	441	18	.	.	PUNCT
cblr-2930	442	1	this	this	PRON
cblr-2930	442	2	means	mean	VERB
cblr-2930	442	3	that	that	SCONJ
cblr-2930	442	4	voter	voter	NOUN
cblr-2930	442	5	a	a	PRON
cblr-2930	442	6	and	and	CCONJ
cblr-2930	442	7	voter	voter	PROPN
cblr-2930	442	8	b	b	PROPN
cblr-2930	442	9	's	's	PART
cblr-2930	442	10	judgments	judgment	NOUN
cblr-2930	442	11	are	be	AUX
cblr-2930	442	12	allowed	allow	VERB
cblr-2930	442	13	to	to	PART
cblr-2930	442	14	both	both	PRON
cblr-2930	442	15	depend	depend	VERB
cblr-2930	442	16	on	on	ADP
cblr-2930	442	17	the	the	DET
cblr-2930	442	18	same	same	ADJ
cblr-2930	442	19	exogenous	exogenous	ADJ
cblr-2930	442	20	factor	factor	NOUN
cblr-2930	442	21	(	(	PUNCT
cblr-2930	442	22	such	such	ADJ
cblr-2930	442	23	as	as	ADP
cblr-2930	442	24	the	the	DET
cblr-2930	442	25	judgment	judgment	NOUN
cblr-2930	442	26	of	of	ADP
cblr-2930	442	27	an	an	DET
cblr-2930	442	28	opinion	opinion	NOUN
cblr-2930	442	29	leader	leader	NOUN
cblr-2930	442	30	)	)	PUNCT
cblr-2930	442	31	,	,	PUNCT
cblr-2930	442	32	as	as	ADV
cblr-2930	442	33	long	long	ADV
cblr-2930	442	34	as	as	SCONJ
cblr-2930	442	35	their	their	PRON
cblr-2930	442	36	judgments	judgment	NOUN
cblr-2930	442	37	do	do	AUX
cblr-2930	442	38	not	not	PART
cblr-2930	442	39	depend	depend	VERB
cblr-2930	442	40	on	on	ADP
cblr-2930	442	41	each	each	DET
cblr-2930	442	42	other	other	ADJ
cblr-2930	442	43	.	.	PUNCT
cblr-2930	443	1	if	if	SCONJ
cblr-2930	443	2	their	their	PRON
cblr-2930	443	3	judgments	judgment	NOUN
cblr-2930	443	4	do	do	AUX
cblr-2930	443	5	depend	depend	VERB
cblr-2930	443	6	on	on	ADP
cblr-2930	443	7	each	each	DET
cblr-2930	443	8	other	other	ADJ
cblr-2930	443	9	,	,	PUNCT
cblr-2930	443	10	for	for	ADP
cblr-2930	443	11	mechanisms	mechanism	NOUN
cblr-2930	443	12	of	of	ADP
cblr-2930	443	13	voting	voting	NOUN
cblr-2930	443	14	efficiency	efficiency	NOUN
cblr-2930	443	15	791	791	NUM
cblr-2930	443	16	no	no	NOUN
cblr-2930	443	17	.	.	PUNCT
cblr-2930	444	1	3:763	3:763	NUM
cblr-2930	444	2	]	]	PUNCT
cblr-2930	444	3	fortunately	fortunately	ADV
cblr-2930	444	4	,	,	PUNCT
cblr-2930	444	5	the	the	DET
cblr-2930	444	6	path	path	NOUN
cblr-2930	444	7	-	-	PUNCT
cblr-2930	444	8	breaking	break	VERB
cblr-2930	444	9	work	work	NOUN
cblr-2930	444	10	of	of	ADP
cblr-2930	444	11	lu	lu	PROPN
cblr-2930	444	12	hong	hong	PROPN
cblr-2930	444	13	and	and	CCONJ
cblr-2930	444	14	scott	scott	PROPN
cblr-2930	444	15	page	page	NOUN
cblr-2930	444	16	,	,	PUNCT
cblr-2930	444	17	which	which	PRON
cblr-2930	444	18	moves	move	VERB
cblr-2930	444	19	beyond	beyond	ADP
cblr-2930	444	20	the	the	DET
cblr-2930	444	21	jury	jury	NOUN
cblr-2930	444	22	theorem	theorem	VERB
cblr-2930	444	23	,	,	PUNCT
cblr-2930	444	24	enables	enable	VERB
cblr-2930	444	25	us	we	PRON
cblr-2930	444	26	to	to	PART
cblr-2930	444	27	see	see	VERB
cblr-2930	444	28	why	why	SCONJ
cblr-2930	444	29	independent	independent	ADJ
cblr-2930	444	30	voting	voting	NOUN
cblr-2930	444	31	is	be	AUX
cblr-2930	444	32	so	so	ADV
cblr-2930	444	33	important	important	ADJ
cblr-2930	444	34	.	.	PUNCT
cblr-2930	445	1	in	in	ADP
cblr-2930	445	2	the	the	DET
cblr-2930	445	3	previous	previous	ADJ
cblr-2930	445	4	two	two	NUM
cblr-2930	445	5	sections	section	NOUN
cblr-2930	445	6	we	we	PRON
cblr-2930	445	7	have	have	AUX
cblr-2930	445	8	looked	look	VERB
cblr-2930	445	9	at	at	ADP
cblr-2930	445	10	informed	informed	ADJ
cblr-2930	445	11	voting	voting	NOUN
cblr-2930	445	12	and	and	CCONJ
cblr-2930	445	13	rational	rational	ADJ
cblr-2930	445	14	voting	voting	NOUN
cblr-2930	445	15	,	,	PUNCT
cblr-2930	445	16	mechanisms	mechanism	NOUN
cblr-2930	445	17	that	that	PRON
cblr-2930	445	18	can	can	AUX
cblr-2930	445	19	be	be	AUX
cblr-2930	445	20	seen	see	VERB
cblr-2930	445	21	as	as	ADP
cblr-2930	445	22	building	build	VERB
cblr-2930	445	23	blocks	block	NOUN
cblr-2930	445	24	of	of	ADP
cblr-2930	445	25	individual	individual	ADJ
cblr-2930	445	26	voter	voter	NOUN
cblr-2930	445	27	competency	competency	NOUN
cblr-2930	445	28	.	.	PUNCT
cblr-2930	446	1	now	now	ADV
cblr-2930	446	2	,	,	PUNCT
cblr-2930	446	3	we	we	PRON
cblr-2930	446	4	need	need	VERB
cblr-2930	446	5	to	to	PART
cblr-2930	446	6	look	look	VERB
cblr-2930	446	7	at	at	ADP
cblr-2930	446	8	how	how	SCONJ
cblr-2930	446	9	putting	put	VERB
cblr-2930	446	10	together	together	ADP
cblr-2930	446	11	individually	individually	ADV
cblr-2930	446	12	competent	competent	ADJ
cblr-2930	446	13	voters	voter	NOUN
cblr-2930	446	14	can	can	AUX
cblr-2930	446	15	lead	lead	VERB
cblr-2930	446	16	to	to	ADP
cblr-2930	446	17	an	an	DET
cblr-2930	446	18	even	even	ADV
cblr-2930	446	19	more	more	ADV
cblr-2930	446	20	competent	competent	ADJ
cblr-2930	446	21	group	group	NOUN
cblr-2930	446	22	.	.	PUNCT
cblr-2930	447	1	in	in	ADP
cblr-2930	447	2	other	other	ADJ
cblr-2930	447	3	words	word	NOUN
cblr-2930	447	4	,	,	PUNCT
cblr-2930	447	5	we	we	PRON
cblr-2930	447	6	have	have	VERB
cblr-2930	447	7	to	to	PART
cblr-2930	447	8	look	look	VERB
cblr-2930	447	9	at	at	ADP
cblr-2930	447	10	the	the	DET
cblr-2930	447	11	circumstances	circumstance	NOUN
cblr-2930	447	12	that	that	PRON
cblr-2930	447	13	cause	cause	VERB
cblr-2930	447	14	one	one	NUM
cblr-2930	447	15	plus	plus	CCONJ
cblr-2930	447	16	one	one	NUM
cblr-2930	447	17	to	to	PART
cblr-2930	447	18	equal	equal	VERB
cblr-2930	447	19	three	three	NUM
cblr-2930	447	20	.	.	PUNCT
cblr-2930	448	1	that	that	PRON
cblr-2930	448	2	is	be	AUX
cblr-2930	448	3	where	where	SCONJ
cblr-2930	448	4	independence	independence	NOUN
cblr-2930	448	5	comes	come	VERB
cblr-2930	448	6	in	in	ADP
cblr-2930	448	7	.	.	PUNCT
cblr-2930	449	1	the	the	DET
cblr-2930	449	2	core	core	NOUN
cblr-2930	449	3	insight	insight	NOUN
cblr-2930	449	4	delivered	deliver	VERB
cblr-2930	449	5	by	by	ADP
cblr-2930	449	6	hong	hong	PROPN
cblr-2930	449	7	and	and	CCONJ
cblr-2930	449	8	page	page	NOUN
cblr-2930	449	9	is	be	AUX
cblr-2930	449	10	that	that	SCONJ
cblr-2930	449	11	putting	put	VERB
cblr-2930	449	12	people	people	NOUN
cblr-2930	449	13	together	together	ADV
cblr-2930	449	14	in	in	ADP
cblr-2930	449	15	a	a	DET
cblr-2930	449	16	group	group	NOUN
cblr-2930	449	17	can	can	AUX
cblr-2930	449	18	be	be	AUX
cblr-2930	449	19	a	a	DET
cblr-2930	449	20	means	means	NOUN
cblr-2930	449	21	to	to	PART
cblr-2930	449	22	leverage	leverage	VERB
cblr-2930	449	23	their	their	PRON
cblr-2930	449	24	individual	individual	ADJ
cblr-2930	449	25	competence	competence	NOUN
cblr-2930	449	26	if	if	SCONJ
cblr-2930	449	27	and	and	CCONJ
cblr-2930	449	28	when	when	SCONJ
cblr-2930	449	29	people	people	NOUN
cblr-2930	449	30	have	have	VERB
cblr-2930	449	31	diverse	diverse	ADJ
cblr-2930	449	32	cognitive	cognitive	ADJ
cblr-2930	449	33	skills.74	skills.74	NOUN
cblr-2930	449	34	and	and	CCONJ
cblr-2930	449	35	the	the	DET
cblr-2930	449	36	good	good	PROPN
cblr-2930	449	37	news	news	NOUN
cblr-2930	449	38	is	be	AUX
cblr-2930	449	39	that	that	SCONJ
cblr-2930	449	40	people	people	NOUN
cblr-2930	449	41	generally	generally	ADV
cblr-2930	449	42	do	do	AUX
cblr-2930	449	43	have	have	VERB
cblr-2930	449	44	diverse	diverse	ADJ
cblr-2930	449	45	cognitive	cognitive	ADJ
cblr-2930	449	46	skills	skill	NOUN
cblr-2930	449	47	.	.	PUNCT
cblr-2930	450	1	we	we	PRON
cblr-2930	450	2	just	just	ADV
cblr-2930	450	3	need	need	VERB
cblr-2930	450	4	to	to	PART
cblr-2930	450	5	ensure	ensure	VERB
cblr-2930	450	6	that	that	SCONJ
cblr-2930	450	7	they	they	PRON
cblr-2930	450	8	apply	apply	VERB
cblr-2930	450	9	those	those	DET
cblr-2930	450	10	skills	skill	NOUN
cblr-2930	450	11	when	when	SCONJ
cblr-2930	450	12	making	make	VERB
cblr-2930	450	13	a	a	DET
cblr-2930	450	14	prediction	prediction	NOUN
cblr-2930	450	15	,	,	PUNCT
cblr-2930	450	16	for	for	ADP
cblr-2930	450	17	example	example	NOUN
cblr-2930	450	18	,	,	PUNCT
cblr-2930	450	19	about	about	ADP
cblr-2930	450	20	which	which	DET
cblr-2930	450	21	option	option	NOUN
cblr-2930	450	22	maximizes	maximize	VERB
cblr-2930	450	23	shareholder	shareholder	NOUN
cblr-2930	450	24	value	value	NOUN
cblr-2930	450	25	.	.	PUNCT
cblr-2930	451	1	when	when	SCONJ
cblr-2930	451	2	they	they	PRON
cblr-2930	451	3	do	do	VERB
cblr-2930	451	4	,	,	PUNCT
cblr-2930	451	5	they	they	PRON
cblr-2930	451	6	can	can	AUX
cblr-2930	451	7	for	for	ADP
cblr-2930	451	8	present	present	ADJ
cblr-2930	451	9	purposes	purpose	NOUN
cblr-2930	451	10	be	be	AUX
cblr-2930	451	11	said	say	VERB
cblr-2930	451	12	to	to	PART
cblr-2930	451	13	independently	independently	ADV
cblr-2930	451	14	make	make	VERB
cblr-2930	451	15	a	a	DET
cblr-2930	451	16	prediction	prediction	NOUN
cblr-2930	451	17	--	--	PUNCT
cblr-2930	451	18	even	even	ADV
cblr-2930	451	19	if	if	SCONJ
cblr-2930	451	20	they	they	PRON
cblr-2930	451	21	did	do	AUX
cblr-2930	451	22	not	not	PART
cblr-2930	451	23	initially	initially	ADV
cblr-2930	451	24	receive	receive	VERB
cblr-2930	451	25	"	"	PUNCT
cblr-2930	451	26	independent	independent	ADJ
cblr-2930	451	27	signals	signal	NOUN
cblr-2930	451	28	"	"	PUNCT
cblr-2930	451	29	about	about	ADP
cblr-2930	451	30	which	which	DET
cblr-2930	451	31	option	option	NOUN
cblr-2930	451	32	maximizes	maximize	VERB
cblr-2930	451	33	shareholder	shareholder	NOUN
cblr-2930	451	34	value	value	NOUN
cblr-2930	451	35	.	.	PUNCT
cblr-2930	452	1	what	what	PRON
cblr-2930	452	2	do	do	AUX
cblr-2930	452	3	we	we	PRON
cblr-2930	452	4	mean	mean	VERB
cblr-2930	452	5	by	by	ADP
cblr-2930	452	6	cognitive	cognitive	ADJ
cblr-2930	452	7	diversity	diversity	NOUN
cblr-2930	452	8	?	?	PUNCT
cblr-2930	453	1	when	when	SCONJ
cblr-2930	453	2	there	there	PRON
cblr-2930	453	3	is	be	VERB
cblr-2930	453	4	cognitive	cognitive	ADJ
cblr-2930	453	5	diversity	diversity	NOUN
cblr-2930	453	6	,	,	PUNCT
cblr-2930	453	7	it	it	PRON
cblr-2930	453	8	means	mean	VERB
cblr-2930	453	9	that	that	SCONJ
cblr-2930	453	10	people	people	NOUN
cblr-2930	453	11	facing	face	VERB
cblr-2930	453	12	an	an	DET
cblr-2930	453	13	issue	issue	NOUN
cblr-2930	453	14	differ	differ	VERB
cblr-2930	453	15	in	in	ADP
cblr-2930	453	16	the	the	DET
cblr-2930	453	17	analytical	analytical	ADJ
cblr-2930	453	18	steps	step	NOUN
cblr-2930	453	19	they	they	PRON
cblr-2930	453	20	take	take	VERB
cblr-2930	453	21	to	to	PART
cblr-2930	453	22	arrive	arrive	VERB
cblr-2930	453	23	at	at	ADP
cblr-2930	453	24	a	a	DET
cblr-2930	453	25	prediction	prediction	NOUN
cblr-2930	453	26	.	.	PUNCT
cblr-2930	454	1	they	they	PRON
cblr-2930	454	2	may	may	AUX
cblr-2930	454	3	look	look	VERB
cblr-2930	454	4	at	at	ADP
cblr-2930	454	5	different	different	ADJ
cblr-2930	454	6	dimensions	dimension	NOUN
cblr-2930	454	7	of	of	ADP
cblr-2930	454	8	the	the	DET
cblr-2930	454	9	same	same	ADJ
cblr-2930	454	10	issue	issue	NOUN
cblr-2930	454	11	;	;	PUNCT
cblr-2930	454	12	they	they	PRON
cblr-2930	454	13	may	may	AUX
cblr-2930	454	14	come	come	VERB
cblr-2930	454	15	to	to	ADP
cblr-2930	454	16	different	different	ADJ
cblr-2930	454	17	interpretations	interpretation	NOUN
cblr-2930	454	18	of	of	ADP
cblr-2930	454	19	what	what	PRON
cblr-2930	454	20	they	they	PRON
cblr-2930	454	21	see	see	VERB
cblr-2930	454	22	even	even	ADV
cblr-2930	454	23	when	when	SCONJ
cblr-2930	454	24	they	they	PRON
cblr-2930	454	25	look	look	VERB
cblr-2930	454	26	at	at	ADP
cblr-2930	454	27	the	the	DET
cblr-2930	454	28	same	same	ADJ
cblr-2930	454	29	dimension	dimension	NOUN
cblr-2930	454	30	;	;	PUNCT
cblr-2930	454	31	and	and	CCONJ
cblr-2930	454	32	by	by	ADP
cblr-2930	454	33	using	use	VERB
cblr-2930	454	34	different	different	ADJ
cblr-2930	454	35	prediction	prediction	NOUN
cblr-2930	454	36	models	model	NOUN
cblr-2930	454	37	,	,	PUNCT
cblr-2930	454	38	they	they	PRON
cblr-2930	454	39	may	may	AUX
cblr-2930	454	40	come	come	VERB
cblr-2930	454	41	to	to	ADP
cblr-2930	454	42	different	different	ADJ
cblr-2930	454	43	predictions	prediction	NOUN
cblr-2930	454	44	even	even	ADV
cblr-2930	454	45	if	if	SCONJ
cblr-2930	454	46	they	they	PRON
cblr-2930	454	47	share	share	VERB
cblr-2930	454	48	an	an	DET
cblr-2930	454	49	interpretation.5	interpretation.5	PROPN
cblr-2930	454	50	example	example	NOUN
cblr-2930	454	51	,	,	PUNCT
cblr-2930	454	52	if	if	SCONJ
cblr-2930	454	53	b	b	PROPN
cblr-2930	454	54	always	always	ADV
cblr-2930	454	55	bases	base	VERB
cblr-2930	454	56	his	his	PRON
cblr-2930	454	57	vote	vote	NOUN
cblr-2930	454	58	on	on	ADP
cblr-2930	454	59	how	how	SCONJ
cblr-2930	454	60	a	a	DET
cblr-2930	454	61	votes	vote	NOUN
cblr-2930	454	62	,	,	PUNCT
cblr-2930	454	63	statistical	statistical	ADJ
cblr-2930	454	64	independence	independence	NOUN
cblr-2930	454	65	is	be	AUX
cblr-2930	454	66	lost	lose	VERB
cblr-2930	454	67	.	.	PUNCT
cblr-2930	455	1	see	see	VERB
cblr-2930	455	2	david	david	PROPN
cblr-2930	455	3	m.	m.	PROPN
cblr-2930	455	4	estlund	estlund	PROPN
cblr-2930	455	5	,	,	PUNCT
cblr-2930	455	6	opinion	opinion	NOUN
cblr-2930	455	7	leaders	leader	NOUN
cblr-2930	455	8	,	,	PUNCT
cblr-2930	455	9	independence	independence	NOUN
cblr-2930	455	10	,	,	PUNCT
cblr-2930	455	11	and	and	CCONJ
cblr-2930	455	12	condorcet	condorcet	PROPN
cblr-2930	455	13	's	's	PART
cblr-2930	455	14	jury	jury	NOUN
cblr-2930	455	15	theorem	theorem	VERB
cblr-2930	455	16	,	,	PUNCT
cblr-2930	455	17	36	36	NUM
cblr-2930	455	18	theory	theory	NOUN
cblr-2930	455	19	&	&	CCONJ
cblr-2930	455	20	decision	decision	NOUN
cblr-2930	455	21	131	131	NUM
cblr-2930	455	22	,	,	PUNCT
cblr-2930	455	23	132	132	NUM
cblr-2930	455	24	-	-	SYM
cblr-2930	455	25	35	35	NUM
cblr-2930	455	26	(	(	PUNCT
cblr-2930	455	27	1994	1994	NUM
cblr-2930	455	28	)	)	PUNCT
cblr-2930	455	29	.	.	PUNCT
cblr-2930	456	1	unfortunately	unfortunately	ADV
cblr-2930	456	2	,	,	PUNCT
cblr-2930	456	3	we	we	PRON
cblr-2930	456	4	have	have	VERB
cblr-2930	456	5	limited	limit	VERB
cblr-2930	456	6	understanding	understanding	NOUN
cblr-2930	456	7	of	of	ADP
cblr-2930	456	8	whether	whether	SCONJ
cblr-2930	456	9	and	and	CCONJ
cblr-2930	456	10	when	when	SCONJ
cblr-2930	456	11	causal	causal	ADJ
cblr-2930	456	12	dependence	dependence	NOUN
cblr-2930	456	13	undermines	undermine	VERB
cblr-2930	456	14	statistical	statistical	ADJ
cblr-2930	456	15	independence	independence	NOUN
cblr-2930	456	16	.	.	PUNCT
cblr-2930	457	1	see	see	VERB
cblr-2930	457	2	vermeule	vermeule	NOUN
cblr-2930	457	3	,	,	PUNCT
cblr-2930	457	4	supra	supra	PROPN
cblr-2930	457	5	note	note	NOUN
cblr-2930	457	6	19	19	NUM
cblr-2930	457	7	,	,	PUNCT
cblr-2930	457	8	at	at	ADP
cblr-2930	457	9	6	6	NUM
cblr-2930	457	10	.	.	PUNCT
cblr-2930	457	11	"	"	PUNCT
cblr-2930	458	1	lu	lu	PROPN
cblr-2930	458	2	hong	hong	PROPN
cblr-2930	458	3	&	&	CCONJ
cblr-2930	458	4	scott	scott	PROPN
cblr-2930	458	5	e.	e.	PROPN
cblr-2930	458	6	page	page	PROPN
cblr-2930	458	7	,	,	PUNCT
cblr-2930	458	8	problem	problem	NOUN
cblr-2930	458	9	solving	solve	VERB
cblr-2930	458	10	by	by	ADP
cblr-2930	458	11	heterogeneous	heterogeneous	ADJ
cblr-2930	458	12	agents	agent	NOUN
cblr-2930	458	13	,	,	PUNCT
cblr-2930	458	14	97	97	NUM
cblr-2930	458	15	j.	j.	PROPN
cblr-2930	458	16	econ	econ	PROPN
cblr-2930	458	17	.	.	PUNCT
cblr-2930	458	18	theory	theory	NOUN
cblr-2930	458	19	123	123	NUM
cblr-2930	458	20	(	(	PUNCT
cblr-2930	458	21	2001	2001	NUM
cblr-2930	458	22	)	)	PUNCT
cblr-2930	458	23	;	;	PUNCT
cblr-2930	458	24	see	see	VERB
cblr-2930	458	25	also	also	ADV
cblr-2930	458	26	page	page	NOUN
cblr-2930	458	27	,	,	PUNCT
cblr-2930	458	28	supra	supra	PROPN
cblr-2930	458	29	note	note	NOUN
cblr-2930	458	30	41	41	NUM
cblr-2930	458	31	,	,	PUNCT
cblr-2930	458	32	at	at	ADP
cblr-2930	458	33	197	197	NUM
cblr-2930	458	34	(	(	PUNCT
cblr-2930	458	35	offering	offer	VERB
cblr-2930	458	36	a	a	DET
cblr-2930	458	37	detailed	detailed	ADJ
cblr-2930	458	38	explanation	explanation	NOUN
cblr-2930	458	39	)	)	PUNCT
cblr-2930	458	40	.	.	PUNCT
cblr-2930	459	1	"	"	PUNCT
cblr-2930	459	2	this	this	PRON
cblr-2930	459	3	is	be	AUX
cblr-2930	459	4	a	a	DET
cblr-2930	459	5	simplification	simplification	NOUN
cblr-2930	459	6	of	of	ADP
cblr-2930	459	7	hong	hong	PROPN
cblr-2930	459	8	and	and	CCONJ
cblr-2930	459	9	page	page	NOUN
cblr-2930	459	10	's	's	PART
cblr-2930	459	11	sophisticated	sophisticated	ADJ
cblr-2930	459	12	account	account	NOUN
cblr-2930	459	13	of	of	ADP
cblr-2930	459	14	cognitive	cognitive	ADJ
cblr-2930	459	15	diversity	diversity	NOUN
cblr-2930	459	16	,	,	PUNCT
cblr-2930	459	17	which	which	PRON
cblr-2930	459	18	deserves	deserve	VERB
cblr-2930	459	19	a	a	DET
cblr-2930	459	20	more	more	ADV
cblr-2930	459	21	detailed	detailed	ADJ
cblr-2930	459	22	discussion	discussion	NOUN
cblr-2930	459	23	than	than	SCONJ
cblr-2930	459	24	is	be	AUX
cblr-2930	459	25	possible	possible	ADJ
cblr-2930	459	26	within	within	ADP
cblr-2930	459	27	the	the	DET
cblr-2930	459	28	physical	physical	ADJ
cblr-2930	459	29	confines	confine	NOUN
cblr-2930	459	30	of	of	ADP
cblr-2930	459	31	this	this	DET
cblr-2930	459	32	article	article	NOUN
cblr-2930	459	33	.	.	PUNCT
cblr-2930	460	1	792	792	NUM
cblr-2930	460	2	col	col	PROPN
cblr-2930	460	3	umbia	umbia	PROPN
cblr-2930	460	4	b	b	PROPN
cblr-2930	460	5	usiness	usiness	PROPN
cblr-2930	460	6	la	la	PROPN
cblr-2930	460	7	w	w	PROPN
cblr-2930	460	8	re	re	PROPN
cblr-2930	460	9	vie	vie	PROPN
cblr-2930	460	10	w	w	PROPN
cblr-2930	461	1	[	[	X
cblr-2930	461	2	vol	vol	NOUN
cblr-2930	461	3	.	.	PUNCT
cblr-2930	461	4	2010	2010	NUM
cblr-2930	461	5	to	to	PART
cblr-2930	461	6	see	see	VERB
cblr-2930	461	7	why	why	SCONJ
cblr-2930	461	8	different	different	ADJ
cblr-2930	461	9	predictions	prediction	NOUN
cblr-2930	461	10	are	be	AUX
cblr-2930	461	11	beneficial	beneficial	ADJ
cblr-2930	461	12	,	,	PUNCT
cblr-2930	461	13	let	let	VERB
cblr-2930	461	14	's	us	PRON
cblr-2930	461	15	return	return	VERB
cblr-2930	461	16	to	to	ADP
cblr-2930	461	17	the	the	DET
cblr-2930	461	18	abn	abn	NOUN
cblr-2930	461	19	amro	amro	ADJ
cblr-2930	461	20	case	case	NOUN
cblr-2930	461	21	.	.	PUNCT
cblr-2930	462	1	the	the	DET
cblr-2930	462	2	suggestion	suggestion	NOUN
cblr-2930	462	3	that	that	SCONJ
cblr-2930	462	4	fortis	fortis	NOUN
cblr-2930	462	5	shareholders	shareholder	NOUN
cblr-2930	462	6	may	may	AUX
cblr-2930	462	7	have	have	AUX
cblr-2930	462	8	attached	attach	VERB
cblr-2930	462	9	too	too	ADV
cblr-2930	462	10	much	much	ADJ
cblr-2930	462	11	weight	weight	NOUN
cblr-2930	462	12	to	to	ADP
cblr-2930	462	13	management	management	NOUN
cblr-2930	462	14	's	's	PART
cblr-2930	462	15	track	track	NOUN
cblr-2930	462	16	record	record	NOUN
cblr-2930	462	17	of	of	ADP
cblr-2930	462	18	prior	prior	ADJ
cblr-2930	462	19	acquisitions	acquisition	NOUN
cblr-2930	462	20	implicitly	implicitly	ADV
cblr-2930	462	21	assumed	assume	VERB
cblr-2930	462	22	that	that	SCONJ
cblr-2930	462	23	in	in	ADP
cblr-2930	462	24	making	make	VERB
cblr-2930	462	25	a	a	DET
cblr-2930	462	26	prediction	prediction	NOUN
cblr-2930	462	27	about	about	ADP
cblr-2930	462	28	whether	whether	SCONJ
cblr-2930	462	29	the	the	DET
cblr-2930	462	30	acquisition	acquisition	NOUN
cblr-2930	462	31	of	of	ADP
cblr-2930	462	32	abn	abn	NOUN
cblr-2930	462	33	amro	amro	NOUN
cblr-2930	462	34	would	would	AUX
cblr-2930	462	35	maximize	maximize	VERB
cblr-2930	462	36	shareholder	shareholder	NOUN
cblr-2930	462	37	value	value	NOUN
cblr-2930	462	38	,	,	PUNCT
cblr-2930	462	39	each	each	DET
cblr-2930	462	40	shareholder	shareholder	NOUN
cblr-2930	462	41	focused	focus	VERB
cblr-2930	462	42	on	on	ADP
cblr-2930	462	43	management	management	NOUN
cblr-2930	462	44	's	's	PART
cblr-2930	462	45	track	track	NOUN
cblr-2930	462	46	record	record	NOUN
cblr-2930	462	47	.	.	PUNCT
cblr-2930	463	1	but	but	CCONJ
cblr-2930	463	2	when	when	SCONJ
cblr-2930	463	3	there	there	PRON
cblr-2930	463	4	is	be	VERB
cblr-2930	463	5	cognitive	cognitive	ADJ
cblr-2930	463	6	diversity	diversity	NOUN
cblr-2930	463	7	that	that	PRON
cblr-2930	463	8	is	be	AUX
cblr-2930	463	9	not	not	PART
cblr-2930	463	10	necessarily	necessarily	ADV
cblr-2930	463	11	the	the	DET
cblr-2930	463	12	case	case	NOUN
cblr-2930	463	13	.	.	PUNCT
cblr-2930	464	1	while	while	SCONJ
cblr-2930	464	2	some	some	DET
cblr-2930	464	3	shareholders	shareholder	NOUN
cblr-2930	464	4	may	may	AUX
cblr-2930	464	5	look	look	VERB
cblr-2930	464	6	at	at	ADP
cblr-2930	464	7	management	management	NOUN
cblr-2930	464	8	's	's	PART
cblr-2930	464	9	track	track	NOUN
cblr-2930	464	10	record	record	NOUN
cblr-2930	464	11	,	,	PUNCT
cblr-2930	464	12	others	other	NOUN
cblr-2930	464	13	may	may	AUX
cblr-2930	464	14	look	look	VERB
cblr-2930	464	15	at	at	ADP
cblr-2930	464	16	different	different	ADJ
cblr-2930	464	17	dimensions	dimension	NOUN
cblr-2930	464	18	of	of	ADP
cblr-2930	464	19	the	the	DET
cblr-2930	464	20	issue	issue	NOUN
cblr-2930	464	21	,	,	PUNCT
cblr-2930	464	22	such	such	ADJ
cblr-2930	464	23	as	as	ADP
cblr-2930	464	24	the	the	DET
cblr-2930	464	25	resulting	result	VERB
cblr-2930	464	26	financing	financing	NOUN
cblr-2930	464	27	burden	burden	NOUN
cblr-2930	464	28	.	.	PUNCT
cblr-2930	465	1	when	when	SCONJ
cblr-2930	465	2	an	an	DET
cblr-2930	465	3	investor	investor	NOUN
cblr-2930	465	4	focuses	focus	VERB
cblr-2930	465	5	on	on	ADP
cblr-2930	465	6	management	management	NOUN
cblr-2930	465	7	's	's	PART
cblr-2930	465	8	track	track	NOUN
cblr-2930	465	9	record	record	NOUN
cblr-2930	465	10	and	and	CCONJ
cblr-2930	465	11	sees	see	VERB
cblr-2930	465	12	a	a	DET
cblr-2930	465	13	strong	strong	ADJ
cblr-2930	465	14	track	track	NOUN
cblr-2930	465	15	record	record	NOUN
cblr-2930	465	16	,	,	PUNCT
cblr-2930	465	17	he	he	PRON
cblr-2930	465	18	may	may	AUX
cblr-2930	465	19	predict	predict	VERB
cblr-2930	465	20	that	that	SCONJ
cblr-2930	465	21	the	the	DET
cblr-2930	465	22	acquisition	acquisition	NOUN
cblr-2930	465	23	will	will	AUX
cblr-2930	465	24	be	be	AUX
cblr-2930	465	25	a	a	DET
cblr-2930	465	26	success	success	NOUN
cblr-2930	465	27	.	.	PUNCT
cblr-2930	466	1	but	but	CCONJ
cblr-2930	466	2	when	when	SCONJ
cblr-2930	466	3	an	an	DET
cblr-2930	466	4	investor	investor	NOUN
cblr-2930	466	5	focuses	focus	VERB
cblr-2930	466	6	on	on	ADP
cblr-2930	466	7	financing	financing	NOUN
cblr-2930	466	8	and	and	CCONJ
cblr-2930	466	9	sees	see	VERB
cblr-2930	466	10	a	a	DET
cblr-2930	466	11	heavy	heavy	ADJ
cblr-2930	466	12	burden	burden	NOUN
cblr-2930	466	13	,	,	PUNCT
cblr-2930	466	14	he	he	PRON
cblr-2930	466	15	may	may	AUX
cblr-2930	466	16	predict	predict	VERB
cblr-2930	466	17	that	that	SCONJ
cblr-2930	466	18	the	the	DET
cblr-2930	466	19	acquisition	acquisition	NOUN
cblr-2930	466	20	will	will	AUX
cblr-2930	466	21	be	be	AUX
cblr-2930	466	22	a	a	DET
cblr-2930	466	23	failure	failure	NOUN
cblr-2930	466	24	.	.	PUNCT
cblr-2930	467	1	the	the	DET
cblr-2930	467	2	predictions	prediction	NOUN
cblr-2930	467	3	will	will	AUX
cblr-2930	467	4	be	be	AUX
cblr-2930	467	5	negatively	negatively	ADV
cblr-2930	467	6	correlated	correlate	VERB
cblr-2930	467	7	;	;	PUNCT
cblr-2930	467	8	when	when	SCONJ
cblr-2930	467	9	one	one	NUM
cblr-2930	467	10	investor	investor	NOUN
cblr-2930	467	11	is	be	AUX
cblr-2930	467	12	wrong	wrong	ADJ
cblr-2930	467	13	,	,	PUNCT
cblr-2930	467	14	the	the	DET
cblr-2930	467	15	other	other	ADJ
cblr-2930	467	16	will	will	AUX
cblr-2930	467	17	be	be	AUX
cblr-2930	467	18	more	more	ADV
cblr-2930	467	19	likely	likely	ADJ
cblr-2930	467	20	to	to	PART
cblr-2930	467	21	be	be	AUX
cblr-2930	467	22	right	right	ADJ
cblr-2930	467	23	.	.	PUNCT
cblr-2930	468	1	hong	hong	PROPN
cblr-2930	468	2	and	and	CCONJ
cblr-2930	468	3	page	page	NOUN
cblr-2930	468	4	demonstrate	demonstrate	NOUN
cblr-2930	468	5	,	,	PUNCT
cblr-2930	468	6	mathematically	mathematically	ADV
cblr-2930	468	7	,	,	PUNCT
cblr-2930	468	8	that	that	PRON
cblr-2930	468	9	negatively	negatively	ADV
cblr-2930	468	10	correlated	correlate	VERB
cblr-2930	468	11	individual	individual	ADJ
cblr-2930	468	12	judgments	judgment	NOUN
cblr-2930	468	13	result	result	VERB
cblr-2930	468	14	in	in	ADP
cblr-2930	468	15	more	more	ADV
cblr-2930	468	16	accurate	accurate	ADJ
cblr-2930	468	17	collective	collective	ADJ
cblr-2930	468	18	judgments.76	judgments.76	NOUN
cblr-2930	468	19	the	the	DET
cblr-2930	468	20	bottom	bottom	ADJ
cblr-2930	468	21	line	line	NOUN
cblr-2930	468	22	is	be	AUX
cblr-2930	468	23	that	that	SCONJ
cblr-2930	468	24	in	in	ADP
cblr-2930	468	25	assessing	assess	VERB
cblr-2930	468	26	independent	independent	ADJ
cblr-2930	468	27	voting	voting	NOUN
cblr-2930	468	28	as	as	ADP
cblr-2930	468	29	a	a	DET
cblr-2930	468	30	mechanism	mechanism	NOUN
cblr-2930	468	31	of	of	ADP
cblr-2930	468	32	voting	voting	NOUN
cblr-2930	468	33	efficiency	efficiency	NOUN
cblr-2930	468	34	,	,	PUNCT
cblr-2930	468	35	we	we	PRON
cblr-2930	468	36	should	should	AUX
cblr-2930	468	37	focus	focus	VERB
cblr-2930	468	38	on	on	ADP
cblr-2930	468	39	phenomena	phenomenon	NOUN
cblr-2930	468	40	that	that	PRON
cblr-2930	468	41	may	may	AUX
cblr-2930	468	42	cause	cause	VERB
cblr-2930	468	43	diversity	diversity	NOUN
cblr-2930	468	44	breakdowns	breakdown	NOUN
cblr-2930	468	45	.	.	PUNCT
cblr-2930	469	1	the	the	DET
cblr-2930	469	2	remainder	remainder	NOUN
cblr-2930	469	3	of	of	ADP
cblr-2930	469	4	this	this	DET
cblr-2930	469	5	section	section	NOUN
cblr-2930	469	6	discusses	discuss	VERB
cblr-2930	469	7	three	three	NUM
cblr-2930	469	8	such	such	ADJ
cblr-2930	469	9	phenomena	phenomenon	NOUN
cblr-2930	469	10	:	:	PUNCT
cblr-2930	469	11	correlated	correlate	VERB
cblr-2930	469	12	biases	bias	NOUN
cblr-2930	469	13	,	,	PUNCT
cblr-2930	469	14	information	information	NOUN
cblr-2930	469	15	cascades	cascade	NOUN
cblr-2930	469	16	,	,	PUNCT
cblr-2930	469	17	and	and	CCONJ
cblr-2930	469	18	opinion	opinion	NOUN
cblr-2930	469	19	leaders	leader	NOUN
cblr-2930	469	20	.	.	PUNCT
cblr-2930	470	1	1	1	X
cblr-2930	470	2	.	.	NUM
cblr-2930	470	3	correlated	correlate	VERB
cblr-2930	470	4	biases	bias	NOUN
cblr-2930	470	5	in	in	ADP
cblr-2930	470	6	his	his	PRON
cblr-2930	470	7	classic	classic	ADJ
cblr-2930	470	8	paper	paper	NOUN
cblr-2930	470	9	,	,	PUNCT
cblr-2930	470	10	market	market	NOUN
cblr-2930	470	11	efficiency	efficiency	NOUN
cblr-2930	470	12	and	and	CCONJ
cblr-2930	470	13	the	the	DET
cblr-2930	470	14	bean	bean	NOUN
cblr-2930	470	15	jar	jar	NOUN
cblr-2930	470	16	experiment	experiment	NOUN
cblr-2930	470	17	,	,	PUNCT
cblr-2930	470	18	jack	jack	PROPN
cblr-2930	470	19	treynor	treynor	PROPN
cblr-2930	470	20	reports	report	VERB
cblr-2930	470	21	on	on	ADP
cblr-2930	470	22	an	an	DET
cblr-2930	470	23	experiment	experiment	NOUN
cblr-2930	470	24	conducted	conduct	VERB
cblr-2930	470	25	in	in	ADP
cblr-2930	470	26	his	his	PRON
cblr-2930	470	27	class	class	NOUN
cblr-2930	470	28	.	.	PUNCT
cblr-2930	471	1	students	student	NOUN
cblr-2930	471	2	were	be	AUX
cblr-2930	471	3	asked	ask	VERB
cblr-2930	471	4	to	to	PART
cblr-2930	471	5	guess	guess	VERB
cblr-2930	471	6	the	the	DET
cblr-2930	471	7	number	number	NOUN
cblr-2930	471	8	of	of	ADP
cblr-2930	471	9	beans	bean	NOUN
cblr-2930	471	10	filling	fill	VERB
cblr-2930	471	11	a	a	DET
cblr-2930	471	12	jar	jar	NOUN
cblr-2930	471	13	.	.	PUNCT
cblr-2930	472	1	the	the	DET
cblr-2930	472	2	purpose	purpose	NOUN
cblr-2930	472	3	of	of	ADP
cblr-2930	472	4	the	the	DET
cblr-2930	472	5	experiment	experiment	NOUN
cblr-2930	472	6	was	be	AUX
cblr-2930	472	7	to	to	PART
cblr-2930	472	8	determine	determine	VERB
cblr-2930	472	9	how	how	SCONJ
cblr-2930	472	10	accurate	accurate	ADJ
cblr-2930	472	11	the	the	DET
cblr-2930	472	12	mean	mean	NOUN
cblr-2930	472	13	of	of	ADP
cblr-2930	472	14	the	the	DET
cblr-2930	472	15	guesses	guess	NOUN
cblr-2930	472	16	was	be	AUX
cblr-2930	472	17	,	,	PUNCT
cblr-2930	472	18	and	and	CCONJ
cblr-2930	472	19	how	how	SCONJ
cblr-2930	472	20	much	much	ADV
cblr-2930	472	21	more	more	ADV
cblr-2930	472	22	accurate	accurate	ADJ
cblr-2930	472	23	it	it	PRON
cblr-2930	472	24	was	be	AUX
cblr-2930	472	25	than	than	ADP
cblr-2930	472	26	the	the	DET
cblr-2930	472	27	average	average	ADJ
cblr-2930	472	28	guess	guess	NOUN
cblr-2930	472	29	.	.	PUNCT
cblr-2930	473	1	the	the	DET
cblr-2930	473	2	jar	jar	NOUN
cblr-2930	473	3	held	hold	VERB
cblr-2930	473	4	810	810	NUM
cblr-2930	473	5	beans	bean	NOUN
cblr-2930	473	6	;	;	PUNCT
cblr-2930	473	7	the	the	DET
cblr-2930	473	8	mean	mean	ADJ
cblr-2930	473	9	estimate	estimate	NOUN
cblr-2930	473	10	turned	turn	VERB
cblr-2930	473	11	out	out	ADP
cblr-2930	473	12	to	to	PART
cblr-2930	473	13	be	be	AUX
cblr-2930	473	14	76	76	NUM
cblr-2930	473	15	lu	lu	NOUN
cblr-2930	473	16	hong	hong	PROPN
cblr-2930	473	17	&	&	CCONJ
cblr-2930	473	18	scott	scott	PROPN
cblr-2930	473	19	e.	e.	PROPN
cblr-2930	473	20	page	page	PROPN
cblr-2930	473	21	,	,	PUNCT
cblr-2930	473	22	interpreted	interpret	VERB
cblr-2930	473	23	and	and	CCONJ
cblr-2930	473	24	generated	generate	VERB
cblr-2930	473	25	signals	signal	NOUN
cblr-2930	473	26	,	,	PUNCT
cblr-2930	474	1	144	144	NUM
cblr-2930	474	2	j.	j.	PROPN
cblr-2930	474	3	econ	econ	PROPN
cblr-2930	474	4	.	.	PUNCT
cblr-2930	474	5	theory	theory	NOUN
cblr-2930	474	6	2174	2174	NUM
cblr-2930	474	7	(	(	PUNCT
cblr-2930	474	8	2009	2009	NUM
cblr-2930	474	9	)	)	PUNCT
cblr-2930	474	10	(	(	PUNCT
cblr-2930	474	11	establishing	establish	VERB
cblr-2930	474	12	the	the	DET
cblr-2930	474	13	negative	negative	ADJ
cblr-2930	474	14	correlation	correlation	NOUN
cblr-2930	474	15	result	result	NOUN
cblr-2930	474	16	for	for	ADP
cblr-2930	474	17	independent	independent	ADJ
cblr-2930	474	18	interpreted	interpret	VERB
cblr-2930	474	19	signals	signal	NOUN
cblr-2930	474	20	)	)	PUNCT
cblr-2930	474	21	;	;	PUNCT
cblr-2930	474	22	see	see	VERB
cblr-2930	474	23	also	also	ADV
cblr-2930	474	24	page	page	NOUN
cblr-2930	474	25	,	,	PUNCT
cblr-2930	474	26	supra	supra	PROPN
cblr-2930	474	27	note	note	NOUN
cblr-2930	474	28	41	41	NUM
cblr-2930	474	29	,	,	PUNCT
cblr-2930	474	30	at	at	ADP
cblr-2930	474	31	197	197	NUM
cblr-2930	474	32	-	-	SYM
cblr-2930	474	33	235	235	NUM
cblr-2930	474	34	.	.	PUNCT
cblr-2930	475	1	mechanisms	mechanism	NOUN
cblr-2930	475	2	of	of	ADP
cblr-2930	475	3	voting	voting	NOUN
cblr-2930	475	4	efficiency	efficiency	NOUN
cblr-2930	475	5	793no	793no	NOUN
cblr-2930	475	6	.	.	PUNCT
cblr-2930	476	1	3:763]1	3:763]1	NUM
cblr-2930	476	2	columbia	columbia	PROPN
cblr-2930	476	3	business	business	NOUN
cblr-2930	476	4	law	law	PROPN
cblr-2930	476	5	review	review	NOUN
cblr-2930	476	6	841	841	NUM
cblr-2930	476	7	,	,	PUNCT
cblr-2930	476	8	remarkably	remarkably	ADV
cblr-2930	476	9	close	close	ADJ
cblr-2930	476	10	to	to	ADP
cblr-2930	476	11	the	the	DET
cblr-2930	476	12	true	true	ADJ
cblr-2930	476	13	value	value	NOUN
cblr-2930	476	14	.	.	PUNCT
cblr-2930	477	1	moreover	moreover	ADV
cblr-2930	477	2	,	,	PUNCT
cblr-2930	477	3	only	only	ADV
cblr-2930	477	4	two	two	NUM
cblr-2930	477	5	of	of	ADP
cblr-2930	477	6	forty	forty	NUM
cblr-2930	477	7	-	-	PUNCT
cblr-2930	477	8	six	six	NUM
cblr-2930	477	9	guesses	guess	NOUN
cblr-2930	477	10	were	be	AUX
cblr-2930	477	11	closer	close	ADJ
cblr-2930	477	12	to	to	ADP
cblr-2930	477	13	the	the	DET
cblr-2930	477	14	true	true	ADJ
cblr-2930	477	15	value	value	NOUN
cblr-2930	477	16	.	.	PUNCT
cblr-2930	478	1	treynor	treynor	NOUN
cblr-2930	478	2	uses	use	VERB
cblr-2930	478	3	this	this	PRON
cblr-2930	478	4	as	as	ADP
cblr-2930	478	5	an	an	DET
cblr-2930	478	6	example	example	NOUN
cblr-2930	478	7	to	to	PART
cblr-2930	478	8	suggest	suggest	VERB
cblr-2930	478	9	that	that	SCONJ
cblr-2930	478	10	the	the	DET
cblr-2930	478	11	accuracy	accuracy	NOUN
cblr-2930	478	12	of	of	ADP
cblr-2930	478	13	market	market	NOUN
cblr-2930	478	14	prices	price	NOUN
cblr-2930	478	15	"	"	PUNCT
cblr-2930	478	16	comes	come	VERB
cblr-2930	478	17	from	from	ADP
cblr-2930	478	18	the	the	DET
cblr-2930	478	19	faulty	faulty	ADJ
cblr-2930	478	20	opinions	opinion	NOUN
cblr-2930	478	21	of	of	ADP
cblr-2930	478	22	a	a	DET
cblr-2930	478	23	large	large	ADJ
cblr-2930	478	24	number	number	NOUN
cblr-2930	478	25	of	of	ADP
cblr-2930	478	26	investors	investor	NOUN
cblr-2930	478	27	who	who	PRON
cblr-2930	478	28	err	err	VERB
cblr-2930	478	29	independently	independently	ADV
cblr-2930	478	30	"	"	PUNCT
cblr-2930	478	31	and	and	CCONJ
cblr-2930	478	32	whose	whose	DET
cblr-2930	478	33	errors	error	NOUN
cblr-2930	478	34	therefore	therefore	ADV
cblr-2930	478	35	cancel	cancel	VERB
cblr-2930	478	36	out	out	ADP
cblr-2930	478	37	.	.	PUNCT
cblr-2930	478	38	"	"	PUNCT
cblr-2930	479	1	while	while	SCONJ
cblr-2930	479	2	this	this	PRON
cblr-2930	479	3	is	be	AUX
cblr-2930	479	4	an	an	DET
cblr-2930	479	5	interesting	interesting	ADJ
cblr-2930	479	6	insight	insight	NOUN
cblr-2930	479	7	in	in	ADP
cblr-2930	479	8	and	and	CCONJ
cblr-2930	479	9	of	of	ADP
cblr-2930	479	10	itself	itself	PRON
cblr-2930	479	11	,	,	PUNCT
cblr-2930	479	12	treynor	treynor	NOUN
cblr-2930	479	13	's	's	PART
cblr-2930	479	14	experiment	experiment	NOUN
cblr-2930	479	15	is	be	AUX
cblr-2930	479	16	cited	cite	VERB
cblr-2930	479	17	here	here	ADV
cblr-2930	479	18	because	because	SCONJ
cblr-2930	479	19	it	it	PRON
cblr-2930	479	20	forms	form	VERB
cblr-2930	479	21	the	the	DET
cblr-2930	479	22	introduction	introduction	NOUN
cblr-2930	479	23	to	to	ADP
cblr-2930	479	24	a	a	DET
cblr-2930	479	25	second	second	ADJ
cblr-2930	479	26	experiment	experiment	NOUN
cblr-2930	479	27	that	that	PRON
cblr-2930	479	28	yields	yield	VERB
cblr-2930	479	29	important	important	ADJ
cblr-2930	479	30	insights	insight	NOUN
cblr-2930	479	31	for	for	ADP
cblr-2930	479	32	the	the	DET
cblr-2930	479	33	analysis	analysis	NOUN
cblr-2930	479	34	of	of	ADP
cblr-2930	479	35	independent	independent	ADJ
cblr-2930	479	36	voting	voting	NOUN
cblr-2930	479	37	.	.	PUNCT
cblr-2930	480	1	in	in	ADP
cblr-2930	480	2	that	that	DET
cblr-2930	480	3	experiment	experiment	NOUN
cblr-2930	480	4	,	,	PUNCT
cblr-2930	480	5	treynor	treynor	NOUN
cblr-2930	480	6	cautioned	caution	VERB
cblr-2930	480	7	students	student	NOUN
cblr-2930	480	8	to	to	PART
cblr-2930	480	9	take	take	VERB
cblr-2930	480	10	into	into	ADP
cblr-2930	480	11	account	account	NOUN
cblr-2930	480	12	,	,	PUNCT
cblr-2930	480	13	among	among	ADP
cblr-2930	480	14	other	other	ADJ
cblr-2930	480	15	things	thing	NOUN
cblr-2930	480	16	,	,	PUNCT
cblr-2930	480	17	the	the	DET
cblr-2930	480	18	fact	fact	NOUN
cblr-2930	480	19	that	that	SCONJ
cblr-2930	480	20	the	the	DET
cblr-2930	480	21	jar	jar	NOUN
cblr-2930	480	22	was	be	AUX
cblr-2930	480	23	made	make	VERB
cblr-2930	480	24	of	of	ADP
cblr-2930	480	25	thin	thin	ADJ
cblr-2930	480	26	plastic	plastic	NOUN
cblr-2930	480	27	rather	rather	ADV
cblr-2930	480	28	than	than	ADP
cblr-2930	480	29	of	of	ADP
cblr-2930	480	30	thick	thick	ADJ
cblr-2930	480	31	glass	glass	NOUN
cblr-2930	480	32	,	,	PUNCT
cblr-2930	480	33	increasing	increase	VERB
cblr-2930	480	34	storage	storage	NOUN
cblr-2930	480	35	capacity	capacity	NOUN
cblr-2930	480	36	.	.	PUNCT
cblr-2930	481	1	this	this	DET
cblr-2930	481	2	time	time	NOUN
cblr-2930	481	3	,	,	PUNCT
cblr-2930	481	4	the	the	DET
cblr-2930	481	5	mean	mean	ADJ
cblr-2930	481	6	guess	guess	NOUN
cblr-2930	481	7	was	be	AUX
cblr-2930	481	8	952.6	952.6	NUM
cblr-2930	481	9	,	,	PUNCT
cblr-2930	481	10	far	far	ADV
cblr-2930	481	11	less	less	ADV
cblr-2930	481	12	accurate	accurate	ADJ
cblr-2930	481	13	than	than	ADP
cblr-2930	481	14	the	the	DET
cblr-2930	481	15	mean	mean	ADJ
cblr-2930	481	16	guess	guess	NOUN
cblr-2930	481	17	of	of	ADP
cblr-2930	481	18	841	841	NUM
cblr-2930	481	19	in	in	ADP
cblr-2930	481	20	the	the	DET
cblr-2930	481	21	first	first	ADJ
cblr-2930	481	22	experiment	experiment	NOUN
cblr-2930	481	23	.	.	PUNCT
cblr-2930	482	1	this	this	PRON
cblr-2930	482	2	suggests	suggest	VERB
cblr-2930	482	3	that	that	SCONJ
cblr-2930	482	4	the	the	DET
cblr-2930	482	5	warnings	warning	NOUN
cblr-2930	482	6	had	have	AUX
cblr-2930	482	7	caused	cause	VERB
cblr-2930	482	8	a	a	DET
cblr-2930	482	9	systematic	systematic	ADJ
cblr-2930	482	10	error	error	NOUN
cblr-2930	482	11	.	.	PUNCT
cblr-2930	483	1	the	the	DET
cblr-2930	483	2	conclusion	conclusion	NOUN
cblr-2930	483	3	that	that	PRON
cblr-2930	483	4	emerges	emerge	VERB
cblr-2930	483	5	is	be	AUX
cblr-2930	483	6	that	that	SCONJ
cblr-2930	483	7	whereas	whereas	SCONJ
cblr-2930	483	8	independent	independent	ADJ
cblr-2930	483	9	errors	error	NOUN
cblr-2930	483	10	do	do	AUX
cblr-2930	483	11	n't	not	PART
cblr-2930	483	12	matter	matter	VERB
cblr-2930	483	13	because	because	SCONJ
cblr-2930	483	14	they	they	PRON
cblr-2930	483	15	cancel	cancel	VERB
cblr-2930	483	16	out	out	ADP
cblr-2930	483	17	,	,	PUNCT
cblr-2930	483	18	systematic	systematic	ADJ
cblr-2930	483	19	errors	error	NOUN
cblr-2930	483	20	can	can	AUX
cblr-2930	483	21	affect	affect	VERB
cblr-2930	483	22	the	the	DET
cblr-2930	483	23	accuracy	accuracy	NOUN
cblr-2930	483	24	of	of	ADP
cblr-2930	483	25	group	group	NOUN
cblr-2930	483	26	estimates	estimate	NOUN
cblr-2930	483	27	.	.	PUNCT
cblr-2930	484	1	8	8	NUM
cblr-2930	484	2	in	in	ADP
cblr-2930	484	3	behavioral	behavioral	ADJ
cblr-2930	484	4	finance	finance	NOUN
cblr-2930	484	5	parlance	parlance	NOUN
cblr-2930	484	6	,	,	PUNCT
cblr-2930	484	7	by	by	ADP
cblr-2930	484	8	issuing	issue	VERB
cblr-2930	484	9	warnings	warning	NOUN
cblr-2930	484	10	,	,	PUNCT
cblr-2930	484	11	treynor	treynor	NOUN
cblr-2930	484	12	"	"	PUNCT
cblr-2930	484	13	framed	frame	VERB
cblr-2930	484	14	"	"	PUNCT
cblr-2930	484	15	the	the	DET
cblr-2930	484	16	question	question	NOUN
cblr-2930	484	17	,	,	PUNCT
cblr-2930	484	18	thereby	thereby	ADV
cblr-2930	484	19	creating	create	VERB
cblr-2930	484	20	a	a	DET
cblr-2930	484	21	psychological	psychological	ADJ
cblr-2930	484	22	anchor	anchor	NOUN
cblr-2930	484	23	.	.	PUNCT
cblr-2930	485	1	his	his	PRON
cblr-2930	485	2	experiment	experiment	NOUN
cblr-2930	485	3	illustrates	illustrate	VERB
cblr-2930	485	4	that	that	SCONJ
cblr-2930	485	5	psychological	psychological	ADJ
cblr-2930	485	6	anchors	anchor	NOUN
cblr-2930	485	7	"	"	PUNCT
cblr-2930	485	8	can	can	AUX
cblr-2930	485	9	have	have	VERB
cblr-2930	485	10	significance	significance	NOUN
cblr-2930	485	11	for	for	ADP
cblr-2930	485	12	the	the	DET
cblr-2930	485	13	market	market	NOUN
cblr-2930	485	14	as	as	ADP
cblr-2930	485	15	a	a	DET
cblr-2930	485	16	whole	whole	NOUN
cblr-2930	485	17	only	only	ADV
cblr-2930	485	18	if	if	SCONJ
cblr-2930	485	19	the	the	DET
cblr-2930	485	20	same	same	ADJ
cblr-2930	485	21	thoughts	thought	NOUN
cblr-2930	485	22	enter	enter	VERB
cblr-2930	485	23	the	the	DET
cblr-2930	485	24	minds	mind	NOUN
cblr-2930	485	25	of	of	ADP
cblr-2930	485	26	many	many	ADJ
cblr-2930	485	27	.	.	PUNCT
cblr-2930	486	1	"	"	PUNCT
cblr-2930	486	2	"	"	PUNCT
cblr-2930	486	3	for	for	ADP
cblr-2930	486	4	this	this	DET
cblr-2930	486	5	reason	reason	NOUN
cblr-2930	486	6	,	,	PUNCT
cblr-2930	486	7	gilson	gilson	NOUN
cblr-2930	486	8	and	and	CCONJ
cblr-2930	486	9	kraakman	kraakman	PROPN
cblr-2930	486	10	,	,	PUNCT
cblr-2930	486	11	who	who	PRON
cblr-2930	486	12	wrote	write	VERB
cblr-2930	486	13	"	"	PUNCT
cblr-2930	486	14	jack	jack	PROPN
cblr-2930	486	15	l.	l.	PROPN
cblr-2930	486	16	treynor	treynor	PROPN
cblr-2930	486	17	,	,	PUNCT
cblr-2930	486	18	market	market	NOUN
cblr-2930	486	19	efficiency	efficiency	NOUN
cblr-2930	486	20	and	and	CCONJ
cblr-2930	486	21	the	the	DET
cblr-2930	486	22	bean	bean	NOUN
cblr-2930	486	23	jar	jar	NOUN
cblr-2930	486	24	experiment	experiment	NOUN
cblr-2930	486	25	,	,	PUNCT
cblr-2930	486	26	43	43	NUM
cblr-2930	486	27	fin	fin	NOUN
cblr-2930	486	28	.	.	PUNCT
cblr-2930	487	1	analysts	analyst	NOUN
cblr-2930	487	2	j.	j.	PROPN
cblr-2930	487	3	50	50	NUM
cblr-2930	487	4	,	,	PUNCT
cblr-2930	487	5	50	50	NUM
cblr-2930	487	6	(	(	PUNCT
cblr-2930	487	7	1987	1987	NUM
cblr-2930	487	8	)	)	PUNCT
cblr-2930	487	9	;	;	PUNCT
cblr-2930	487	10	see	see	VERB
cblr-2930	487	11	also	also	ADV
cblr-2930	487	12	gilson	gilson	PROPN
cblr-2930	487	13	&	&	CCONJ
cblr-2930	487	14	kraakman	kraakman	PROPN
cblr-2930	487	15	,	,	PUNCT
cblr-2930	487	16	supra	supra	PROPN
cblr-2930	487	17	note	note	NOUN
cblr-2930	487	18	6	6	NUM
cblr-2930	487	19	,	,	PUNCT
cblr-2930	487	20	at	at	ADP
cblr-2930	487	21	581	581	NUM
cblr-2930	487	22	(	(	PUNCT
cblr-2930	487	23	noting	note	VERB
cblr-2930	487	24	that	that	SCONJ
cblr-2930	487	25	"	"	PUNCT
cblr-2930	487	26	[	[	X
cblr-2930	487	27	alithough	alithough	ADP
cblr-2930	487	28	each	each	DET
cblr-2930	487	29	trader	trader	NOUN
cblr-2930	487	30	's	's	PART
cblr-2930	487	31	own	own	ADJ
cblr-2930	487	32	forecasts	forecast	NOUN
cblr-2930	487	33	are	be	AUX
cblr-2930	487	34	skewed	skew	VERB
cblr-2930	487	35	by	by	ADP
cblr-2930	487	36	the	the	DET
cblr-2930	487	37	unique	unique	ADJ
cblr-2930	487	38	constraints	constraint	NOUN
cblr-2930	487	39	on	on	ADP
cblr-2930	487	40	his	his	PRON
cblr-2930	487	41	or	or	CCONJ
cblr-2930	487	42	her	her	PRON
cblr-2930	487	43	judgment	judgment	NOUN
cblr-2930	487	44	,	,	PUNCT
cblr-2930	487	45	other	other	ADJ
cblr-2930	487	46	traders	trader	NOUN
cblr-2930	487	47	will	will	AUX
cblr-2930	487	48	have	have	VERB
cblr-2930	487	49	offsetting	offset	VERB
cblr-2930	487	50	constraints	constraint	NOUN
cblr-2930	487	51	.	.	PUNCT
cblr-2930	488	1	as	as	ADP
cblr-2930	488	2	trading	trading	NOUN
cblr-2930	488	3	proceeds	proceed	NOUN
cblr-2930	488	4	,	,	PUNCT
cblr-2930	488	5	the	the	DET
cblr-2930	488	6	random	random	ADJ
cblr-2930	488	7	biases	bias	NOUN
cblr-2930	488	8	of	of	ADP
cblr-2930	488	9	individual	individual	ADJ
cblr-2930	488	10	forecasts	forecast	NOUN
cblr-2930	488	11	will	will	AUX
cblr-2930	488	12	cancel	cancel	VERB
cblr-2930	488	13	one	one	NUM
cblr-2930	488	14	another	another	DET
cblr-2930	488	15	out	out	ADV
cblr-2930	488	16	,	,	PUNCT
cblr-2930	488	17	leaving	leave	VERB
cblr-2930	488	18	price	price	NOUN
cblr-2930	488	19	to	to	PART
cblr-2930	488	20	reflect	reflect	VERB
cblr-2930	488	21	a	a	DET
cblr-2930	488	22	single	single	ADJ
cblr-2930	488	23	,	,	PUNCT
cblr-2930	488	24	best	well	ADV
cblr-2930	488	25	-	-	PUNCT
cblr-2930	488	26	informed	inform	VERB
cblr-2930	488	27	aggregate	aggregate	ADJ
cblr-2930	488	28	forecast	forecast	NOUN
cblr-2930	488	29	.	.	PUNCT
cblr-2930	489	1	"	"	PUNCT
cblr-2930	489	2	)	)	PUNCT
cblr-2930	489	3	.	.	PUNCT
cblr-2930	489	4	8	8	NUM
cblr-2930	489	5	treynor	treynor	NOUN
cblr-2930	489	6	,	,	PUNCT
cblr-2930	489	7	supra	supra	PROPN
cblr-2930	489	8	note	note	PROPN
cblr-2930	489	9	77	77	NUM
cblr-2930	489	10	,	,	PUNCT
cblr-2930	489	11	at	at	ADP
cblr-2930	489	12	50	50	NUM
cblr-2930	489	13	.	.	NOUN
cblr-2930	489	14	7	7	NUM
cblr-2930	489	15	shiller	shiller	NOUN
cblr-2930	489	16	,	,	PUNCT
cblr-2930	489	17	supra	supra	PROPN
cblr-2930	489	18	note	note	PROPN
cblr-2930	489	19	35	35	NUM
cblr-2930	489	20	,	,	PUNCT
cblr-2930	489	21	at	at	ADP
cblr-2930	489	22	156	156	NUM
cblr-2930	489	23	-	-	SYM
cblr-2930	489	24	57	57	NUM
cblr-2930	489	25	(	(	PUNCT
cblr-2930	489	26	noting	note	VERB
cblr-2930	489	27	that	that	SCONJ
cblr-2930	489	28	"	"	PUNCT
cblr-2930	489	29	[	[	X
cblr-2930	489	30	i]f	i]f	ADP
cblr-2930	489	31	the	the	DET
cblr-2930	489	32	millions	million	NOUN
cblr-2930	489	33	of	of	ADP
cblr-2930	489	34	people	people	NOUN
cblr-2930	489	35	who	who	PRON
cblr-2930	489	36	invest	invest	VERB
cblr-2930	489	37	were	be	AUX
cblr-2930	489	38	all	all	PRON
cblr-2930	489	39	truly	truly	ADV
cblr-2930	489	40	independent	independent	ADJ
cblr-2930	489	41	of	of	ADP
cblr-2930	489	42	each	each	DET
cblr-2930	489	43	other	other	ADJ
cblr-2930	489	44	,	,	PUNCT
cblr-2930	489	45	any	any	DET
cblr-2930	489	46	faulty	faulty	ADJ
cblr-2930	489	47	thinking	thinking	NOUN
cblr-2930	489	48	would	would	AUX
cblr-2930	489	49	tend	tend	VERB
cblr-2930	489	50	to	to	PART
cblr-2930	489	51	average	average	VERB
cblr-2930	489	52	out	out	ADP
cblr-2930	489	53	,	,	PUNCT
cblr-2930	489	54	and	and	CCONJ
cblr-2930	489	55	such	such	ADJ
cblr-2930	489	56	thinking	thinking	NOUN
cblr-2930	489	57	would	would	AUX
cblr-2930	489	58	have	have	VERB
cblr-2930	489	59	no	no	DET
cblr-2930	489	60	effect	effect	NOUN
cblr-2930	489	61	on	on	ADP
cblr-2930	489	62	prices	price	NOUN
cblr-2930	489	63	.	.	PUNCT
cblr-2930	490	1	but	but	CCONJ
cblr-2930	490	2	if	if	SCONJ
cblr-2930	490	3	less	less	ADJ
cblr-2930	490	4	-	-	PUNCT
cblr-2930	490	5	than	than	ADP
cblr-2930	490	6	-	-	PUNCT
cblr-2930	490	7	mechanic	mechanic	ADJ
cblr-2930	490	8	or	or	CCONJ
cblr-2930	490	9	irrational	irrational	ADJ
cblr-2930	490	10	thinking	thinking	NOUN
cblr-2930	490	11	is	be	AUX
cblr-2930	490	12	in	in	ADP
cblr-2930	490	13	fact	fact	NOUN
cblr-2930	490	14	similar	similar	ADJ
cblr-2930	490	15	over	over	ADP
cblr-2930	490	16	large	large	ADJ
cblr-2930	490	17	numbers	number	NOUN
cblr-2930	490	18	of	of	ADP
cblr-2930	490	19	people	people	NOUN
cblr-2930	490	20	,	,	PUNCT
cblr-2930	490	21	then	then	ADV
cblr-2930	490	22	such	such	ADJ
cblr-2930	490	23	thinking	thinking	NOUN
cblr-2930	490	24	can	can	AUX
cblr-2930	490	25	indeed	indeed	ADV
cblr-2930	490	26	be	be	AUX
cblr-2930	490	27	the	the	DET
cblr-2930	490	28	source	source	NOUN
cblr-2930	490	29	of	of	ADP
cblr-2930	490	30	stock	stock	NOUN
cblr-2930	490	31	market	market	NOUN
cblr-2930	490	32	booms	boom	NOUN
cblr-2930	490	33	and	and	CCONJ
cblr-2930	490	34	busts	bust	NOUN
cblr-2930	490	35	.	.	PUNCT
cblr-2930	490	36	"	"	PUNCT
cblr-2930	490	37	)	)	PUNCT
cblr-2930	490	38	.	.	PUNCT
cblr-2930	491	1	794	794	NUM
cblr-2930	492	1	[	[	X
cblr-2930	492	2	vol	vol	NOUN
cblr-2930	492	3	.	.	PUNCT
cblr-2930	492	4	2010	2010	NUM
cblr-2930	493	1	their	their	PRON
cblr-2930	493	2	original	original	ADJ
cblr-2930	493	3	piece	piece	NOUN
cblr-2930	493	4	on	on	ADP
cblr-2930	493	5	market	market	NOUN
cblr-2930	493	6	efficiency	efficiency	NOUN
cblr-2930	493	7	in	in	ADP
cblr-2930	493	8	the	the	DET
cblr-2930	493	9	1980s	1980s	NUM
cblr-2930	493	10	,	,	PUNCT
cblr-2930	493	11	did	do	AUX
cblr-2930	493	12	n't	not	PART
cblr-2930	493	13	seem	seem	VERB
cblr-2930	493	14	overly	overly	ADV
cblr-2930	493	15	concerned	concerned	ADJ
cblr-2930	493	16	.	.	PUNCT
cblr-2930	493	17	0	0	PUNCT
cblr-2930	494	1	but	but	CCONJ
cblr-2930	494	2	subsequent	subsequent	ADJ
cblr-2930	494	3	research	research	NOUN
cblr-2930	494	4	has	have	AUX
cblr-2930	494	5	revealed	reveal	VERB
cblr-2930	494	6	that	that	SCONJ
cblr-2930	494	7	in	in	ADP
cblr-2930	494	8	real	real	ADJ
cblr-2930	494	9	life	life	NOUN
cblr-2930	494	10	we	we	PRON
cblr-2930	494	11	do	do	AUX
cblr-2930	494	12	see	see	VERB
cblr-2930	494	13	the	the	DET
cblr-2930	494	14	same	same	ADJ
cblr-2930	494	15	thoughts	thought	NOUN
cblr-2930	494	16	enter	enter	VERB
cblr-2930	494	17	the	the	DET
cblr-2930	494	18	minds	mind	NOUN
cblr-2930	494	19	of	of	ADP
cblr-2930	494	20	many	many	ADJ
cblr-2930	494	21	,	,	PUNCT
cblr-2930	494	22	because	because	SCONJ
cblr-2930	494	23	"	"	PUNCT
cblr-2930	494	24	judgment	judgment	NOUN
cblr-2930	494	25	biases	bias	NOUN
cblr-2930	494	26	afflicting	afflict	VERB
cblr-2930	494	27	investors	investor	NOUN
cblr-2930	494	28	in	in	ADP
cblr-2930	494	29	processing	process	VERB
cblr-2930	494	30	information	information	NOUN
cblr-2930	494	31	tend	tend	VERB
cblr-2930	494	32	to	to	PART
cblr-2930	494	33	be	be	AUX
cblr-2930	494	34	the	the	DET
cblr-2930	494	35	same	same	ADJ
cblr-2930	494	36	.	.	PUNCT
cblr-2930	494	37	"	"	PUNCT
cblr-2930	495	1	as	as	ADP
cblr-2930	495	2	a	a	DET
cblr-2930	495	3	result	result	NOUN
cblr-2930	495	4	,	,	PUNCT
cblr-2930	495	5	when	when	SCONJ
cblr-2930	495	6	shareholders	shareholder	NOUN
cblr-2930	495	7	vote	vote	VERB
cblr-2930	495	8	they	they	PRON
cblr-2930	495	9	may	may	AUX
cblr-2930	495	10	well	well	ADV
cblr-2930	495	11	make	make	VERB
cblr-2930	495	12	systematic	systematic	ADJ
cblr-2930	495	13	errors	error	NOUN
cblr-2930	495	14	,	,	PUNCT
cblr-2930	495	15	just	just	ADV
cblr-2930	495	16	like	like	ADP
cblr-2930	495	17	the	the	DET
cblr-2930	495	18	students	student	NOUN
cblr-2930	495	19	in	in	ADP
cblr-2930	495	20	treynor	treynor	NOUN
cblr-2930	495	21	's	's	PART
cblr-2930	495	22	experiment	experiment	NOUN
cblr-2930	495	23	.	.	PUNCT
cblr-2930	496	1	bryan	bryan	PROPN
cblr-2930	496	2	caplan	caplan	PROPN
cblr-2930	496	3	,	,	PUNCT
cblr-2930	496	4	in	in	ADP
cblr-2930	496	5	his	his	PRON
cblr-2930	496	6	book	book	NOUN
cblr-2930	496	7	the	the	DET
cblr-2930	496	8	myth	myth	NOUN
cblr-2930	496	9	of	of	ADP
cblr-2930	496	10	the	the	DET
cblr-2930	496	11	rational	rational	ADJ
cblr-2930	496	12	voter	voter	NOUN
cblr-2930	496	13	:	:	PUNCT
cblr-2930	496	14	why	why	SCONJ
cblr-2930	496	15	democracies	democracy	NOUN
cblr-2930	496	16	choose	choose	VERB
cblr-2930	496	17	bad	bad	ADJ
cblr-2930	496	18	politics	politic	NOUN
cblr-2930	496	19	,	,	PUNCT
cblr-2930	496	20	reaches	reach	VERB
cblr-2930	496	21	the	the	DET
cblr-2930	496	22	same	same	ADJ
cblr-2930	496	23	conclusion	conclusion	NOUN
cblr-2930	496	24	with	with	ADP
cblr-2930	496	25	respect	respect	NOUN
cblr-2930	496	26	to	to	ADP
cblr-2930	496	27	citizens	citizen	NOUN
cblr-2930	496	28	voting	vote	VERB
cblr-2930	496	29	on	on	ADP
cblr-2930	496	30	political	political	ADJ
cblr-2930	496	31	matters	matter	NOUN
cblr-2930	496	32	.	.	PUNCT
cblr-2930	497	1	he	he	PRON
cblr-2930	497	2	identifies	identify	VERB
cblr-2930	497	3	several	several	ADJ
cblr-2930	497	4	biases	bias	NOUN
cblr-2930	497	5	that	that	SCONJ
cblr-2930	497	6	voters	voter	NOUN
cblr-2930	497	7	suffer	suffer	VERB
cblr-2930	497	8	from	from	ADP
cblr-2930	497	9	including	include	VERB
cblr-2930	497	10	an	an	DET
cblr-2930	497	11	"	"	PUNCT
cblr-2930	497	12	anti	anti	ADJ
cblr-2930	497	13	-	-	ADJ
cblr-2930	497	14	foreign	foreign	ADJ
cblr-2930	497	15	"	"	PUNCT
cblr-2930	497	16	bias	bias	NOUN
cblr-2930	497	17	,	,	PUNCT
cblr-2930	497	18	which	which	PRON
cblr-2930	497	19	causes	cause	VERB
cblr-2930	497	20	voters	voter	NOUN
cblr-2930	497	21	to	to	PART
cblr-2930	497	22	irrationally	irrationally	ADV
cblr-2930	497	23	prefer	prefer	VERB
cblr-2930	497	24	protectionism	protectionism	NOUN
cblr-2930	497	25	over	over	ADP
cblr-2930	497	26	free	free	ADJ
cblr-2930	497	27	trade.82	trade.82	PROPN
cblr-2930	497	28	caplan	caplan	PROPN
cblr-2930	497	29	's	's	PART
cblr-2930	497	30	main	main	ADJ
cblr-2930	497	31	point	point	NOUN
cblr-2930	497	32	is	be	AUX
cblr-2930	497	33	that	that	SCONJ
cblr-2930	497	34	these	these	DET
cblr-2930	497	35	biases	bias	NOUN
cblr-2930	497	36	cause	cause	VERB
cblr-2930	497	37	voters	voter	NOUN
cblr-2930	497	38	to	to	PART
cblr-2930	497	39	make	make	VERB
cblr-2930	497	40	systematic	systematic	ADJ
cblr-2930	497	41	errors	error	NOUN
cblr-2930	497	42	.	.	PUNCT
cblr-2930	498	1	figure	figure	VERB
cblr-2930	498	2	1	1	NUM
cblr-2930	498	3	illustrates	illustrate	VERB
cblr-2930	498	4	how	how	SCONJ
cblr-2930	498	5	this	this	DET
cblr-2930	498	6	results	result	VERB
cblr-2930	498	7	in	in	ADP
cblr-2930	498	8	an	an	DET
cblr-2930	498	9	outcome	outcome	NOUN
cblr-2930	498	10	that	that	PRON
cblr-2930	498	11	deviates	deviate	VERB
cblr-2930	498	12	from	from	ADP
cblr-2930	498	13	the	the	DET
cblr-2930	498	14	outcome	outcome	NOUN
cblr-2930	498	15	that	that	PRON
cblr-2930	498	16	would	would	AUX
cblr-2930	498	17	be	be	AUX
cblr-2930	498	18	socially	socially	ADV
cblr-2930	498	19	optimal	optimal	ADJ
cblr-2930	498	20	.	.	PUNCT
cblr-2930	499	1	8o	8o	PROPN
cblr-2930	499	2	gilson	gilson	PROPN
cblr-2930	499	3	&	&	CCONJ
cblr-2930	499	4	kraakman	kraakman	PROPN
cblr-2930	499	5	,	,	PUNCT
cblr-2930	499	6	supra	supra	PROPN
cblr-2930	499	7	note	note	NOUN
cblr-2930	499	8	6	6	NUM
cblr-2930	499	9	,	,	PUNCT
cblr-2930	499	10	at	at	ADP
cblr-2930	499	11	582	582	NUM
cblr-2930	499	12	(	(	PUNCT
cblr-2930	499	13	noting	note	VERB
cblr-2930	499	14	,	,	PUNCT
cblr-2930	499	15	with	with	ADP
cblr-2930	499	16	respect	respect	NOUN
cblr-2930	499	17	to	to	ADP
cblr-2930	499	18	the	the	DET
cblr-2930	499	19	problem	problem	NOUN
cblr-2930	499	20	that	that	PRON
cblr-2930	499	21	shared	share	VERB
cblr-2930	499	22	prejudice	prejudice	NOUN
cblr-2930	499	23	among	among	ADP
cblr-2930	499	24	traders	trader	NOUN
cblr-2930	499	25	would	would	AUX
cblr-2930	499	26	render	render	VERB
cblr-2930	499	27	individual	individual	ADJ
cblr-2930	499	28	forecasting	forecasting	NOUN
cblr-2930	499	29	errors	error	NOUN
cblr-2930	499	30	mutually	mutually	ADV
cblr-2930	499	31	reinforcing	reinforce	VERB
cblr-2930	499	32	,	,	PUNCT
cblr-2930	499	33	that	that	SCONJ
cblr-2930	499	34	"	"	PUNCT
cblr-2930	499	35	[	[	X
cblr-2930	499	36	clomplete	clomplete	ADJ
cblr-2930	499	37	independence	independence	NOUN
cblr-2930	499	38	,	,	PUNCT
cblr-2930	499	39	of	of	ADP
cblr-2930	499	40	course	course	NOUN
cblr-2930	499	41	,	,	PUNCT
cblr-2930	499	42	is	be	AUX
cblr-2930	499	43	unlikely	unlikely	ADJ
cblr-2930	499	44	in	in	ADP
cblr-2930	499	45	real	real	ADJ
cblr-2930	499	46	markets	market	NOUN
cblr-2930	499	47	,	,	PUNCT
cblr-2930	499	48	but	but	CCONJ
cblr-2930	499	49	so	so	ADV
cblr-2930	499	50	is	be	AUX
cblr-2930	499	51	widespread	widespread	ADJ
cblr-2930	499	52	mutual	mutual	ADJ
cblr-2930	499	53	dependence	dependence	NOUN
cblr-2930	499	54	where	where	SCONJ
cblr-2930	499	55	it	it	PRON
cblr-2930	499	56	contradicts	contradict	VERB
cblr-2930	499	57	the	the	DET
cblr-2930	499	58	independent	independent	ADJ
cblr-2930	499	59	judgments	judgment	NOUN
cblr-2930	499	60	of	of	ADP
cblr-2930	499	61	many	many	ADJ
cblr-2930	499	62	traders	trader	NOUN
cblr-2930	499	63	"	"	PUNCT
cblr-2930	499	64	)	)	PUNCT
cblr-2930	499	65	.	.	PUNCT
cblr-2930	500	1	8	8	NUM
cblr-2930	500	2	andrei	andrei	PROPN
cblr-2930	500	3	shleifer	shleifer	PROPN
cblr-2930	500	4	&	&	CCONJ
cblr-2930	500	5	lawrence	lawrence	PROPN
cblr-2930	500	6	h.	h.	PROPN
cblr-2930	500	7	summers	summers	PROPN
cblr-2930	500	8	,	,	PUNCT
cblr-2930	500	9	the	the	DET
cblr-2930	500	10	noise	noise	NOUN
cblr-2930	500	11	trader	trader	NOUN
cblr-2930	500	12	approach	approach	NOUN
cblr-2930	500	13	to	to	ADP
cblr-2930	500	14	finance	finance	NOUN
cblr-2930	500	15	,	,	PUNCT
cblr-2930	500	16	4	4	NUM
cblr-2930	500	17	j.	j.	PROPN
cblr-2930	500	18	econ	econ	PROPN
cblr-2930	500	19	.	.	PUNCT
cblr-2930	501	1	persp	persp	PROPN
cblr-2930	501	2	.	.	PUNCT
cblr-2930	502	1	19	19	NUM
cblr-2930	502	2	,	,	PUNCT
cblr-2930	502	3	23	23	NUM
cblr-2930	502	4	(	(	PUNCT
cblr-2930	502	5	1990	1990	NUM
cblr-2930	502	6	)	)	PUNCT
cblr-2930	502	7	.	.	PUNCT
cblr-2930	503	1	careful	careful	ADJ
cblr-2930	503	2	observers	observer	NOUN
cblr-2930	503	3	have	have	AUX
cblr-2930	503	4	pointed	point	VERB
cblr-2930	503	5	out	out	ADP
cblr-2930	503	6	that	that	SCONJ
cblr-2930	503	7	even	even	ADV
cblr-2930	503	8	if	if	SCONJ
cblr-2930	503	9	investors	investor	NOUN
cblr-2930	503	10	suffer	suffer	VERB
cblr-2930	503	11	from	from	ADP
cblr-2930	503	12	the	the	DET
cblr-2930	503	13	same	same	ADJ
cblr-2930	503	14	cognitive	cognitive	ADJ
cblr-2930	503	15	biases	bias	NOUN
cblr-2930	503	16	,	,	PUNCT
cblr-2930	503	17	this	this	PRON
cblr-2930	503	18	does	do	AUX
cblr-2930	503	19	n't	not	PART
cblr-2930	503	20	necessarily	necessarily	ADV
cblr-2930	503	21	mean	mean	VERB
cblr-2930	503	22	they	they	PRON
cblr-2930	503	23	make	make	VERB
cblr-2930	503	24	the	the	DET
cblr-2930	503	25	same	same	ADJ
cblr-2930	503	26	mistakes	mistake	NOUN
cblr-2930	503	27	.	.	PUNCT
cblr-2930	504	1	michael	michael	PROPN
cblr-2930	504	2	mauboussin	mauboussin	PROPN
cblr-2930	504	3	notes	note	VERB
cblr-2930	504	4	that	that	SCONJ
cblr-2930	504	5	even	even	ADV
cblr-2930	504	6	if	if	SCONJ
cblr-2930	504	7	investors	investor	NOUN
cblr-2930	504	8	are	be	AUX
cblr-2930	504	9	overconfident	overconfident	ADJ
cblr-2930	504	10	in	in	ADP
cblr-2930	504	11	their	their	PRON
cblr-2930	504	12	own	own	ADJ
cblr-2930	504	13	trading	trading	NOUN
cblr-2930	504	14	skills	skill	NOUN
cblr-2930	504	15	and	and	CCONJ
cblr-2930	504	16	start	start	VERB
cblr-2930	504	17	trading	trading	NOUN
cblr-2930	504	18	when	when	SCONJ
cblr-2930	504	19	it	it	PRON
cblr-2930	504	20	would	would	AUX
cblr-2930	504	21	be	be	AUX
cblr-2930	504	22	rational	rational	ADJ
cblr-2930	504	23	to	to	PART
cblr-2930	504	24	refrain	refrain	VERB
cblr-2930	504	25	from	from	ADP
cblr-2930	504	26	doing	do	VERB
cblr-2930	504	27	so	so	ADV
cblr-2930	504	28	,	,	PUNCT
cblr-2930	504	29	as	as	ADV
cblr-2930	504	30	long	long	ADV
cblr-2930	504	31	as	as	SCONJ
cblr-2930	504	32	degrees	degree	NOUN
cblr-2930	504	33	of	of	ADP
cblr-2930	504	34	overconfidence	overconfidence	NOUN
cblr-2930	504	35	are	be	AUX
cblr-2930	504	36	spread	spread	VERB
cblr-2930	504	37	randomly	randomly	ADV
cblr-2930	504	38	across	across	ADP
cblr-2930	504	39	the	the	DET
cblr-2930	504	40	buyers	buyer	NOUN
cblr-2930	504	41	and	and	CCONJ
cblr-2930	504	42	sellers	seller	NOUN
cblr-2930	504	43	of	of	ADP
cblr-2930	504	44	a	a	DET
cblr-2930	504	45	security	security	NOUN
cblr-2930	504	46	,	,	PUNCT
cblr-2930	504	47	the	the	DET
cblr-2930	504	48	effects	effect	NOUN
cblr-2930	504	49	offset	offset	VERB
cblr-2930	504	50	each	each	DET
cblr-2930	504	51	other	other	ADJ
cblr-2930	504	52	.	.	PUNCT
cblr-2930	505	1	michael	michael	PROPN
cblr-2930	505	2	j.	j.	PROPN
cblr-2930	505	3	mauboussin	mauboussin	PROPN
cblr-2930	505	4	,	,	PUNCT
cblr-2930	505	5	capital	capital	NOUN
cblr-2930	505	6	ideas	idea	NOUN
cblr-2930	505	7	revisited	revisit	VERB
cblr-2930	505	8	:	:	PUNCT
cblr-2930	505	9	the	the	DET
cblr-2930	505	10	prime	prime	ADJ
cblr-2930	505	11	directive	directive	NOUN
cblr-2930	505	12	,	,	PUNCT
cblr-2930	505	13	sharks	shark	NOUN
cblr-2930	505	14	,	,	PUNCT
cblr-2930	505	15	and	and	CCONJ
cblr-2930	505	16	the	the	DET
cblr-2930	505	17	wisdom	wisdom	NOUN
cblr-2930	505	18	of	of	ADP
cblr-2930	505	19	the	the	DET
cblr-2930	505	20	crowds	crowd	NOUN
cblr-2930	505	21	,	,	PUNCT
cblr-2930	505	22	mauboussin	mauboussin	NOUN
cblr-2930	505	23	on	on	ADP
cblr-2930	505	24	strategy	strategy	NOUN
cblr-2930	505	25	10	10	NUM
cblr-2930	505	26	(	(	PUNCT
cblr-2930	505	27	mar	mar	PROPN
cblr-2930	505	28	.	.	PROPN
cblr-2930	505	29	30	30	NUM
cblr-2930	505	30	,	,	PUNCT
cblr-2930	505	31	2005	2005	NUM
cblr-2930	505	32	)	)	PUNCT
cblr-2930	505	33	,	,	PUNCT
cblr-2930	505	34	http	http	CCONJ
cblr-2930	505	35	/	/	SYM
cblr-2930	505	36	www.1mcm.com	www.1mcm.com	PROPN
cblr-2930	505	37	/	/	SYM
cblr-2930	505	38	pdflcir.pdf	pdflcir.pdf	NOUN
cblr-2930	505	39	.	.	PUNCT
cblr-2930	506	1	but	but	CCONJ
cblr-2930	506	2	notice	notice	VERB
cblr-2930	506	3	that	that	SCONJ
cblr-2930	506	4	the	the	DET
cblr-2930	506	5	biases	bias	NOUN
cblr-2930	506	6	identified	identify	VERB
cblr-2930	506	7	earlier	early	ADV
cblr-2930	506	8	as	as	ADP
cblr-2930	506	9	potentially	potentially	ADV
cblr-2930	506	10	affecting	affect	VERB
cblr-2930	506	11	individual	individual	ADJ
cblr-2930	506	12	voting	voting	NOUN
cblr-2930	506	13	behavior	behavior	NOUN
cblr-2930	506	14	are	be	AUX
cblr-2930	506	15	unlikely	unlikely	ADJ
cblr-2930	506	16	to	to	PART
cblr-2930	506	17	be	be	AUX
cblr-2930	506	18	spread	spread	VERB
cblr-2930	506	19	randomly	randomly	ADV
cblr-2930	506	20	across	across	ADP
cblr-2930	506	21	shareholders	shareholder	NOUN
cblr-2930	506	22	who	who	PRON
cblr-2930	506	23	vote	vote	VERB
cblr-2930	506	24	for	for	ADP
cblr-2930	506	25	the	the	DET
cblr-2930	506	26	proposed	propose	VERB
cblr-2930	506	27	acquisition	acquisition	NOUN
cblr-2930	506	28	and	and	CCONJ
cblr-2930	506	29	shareholders	shareholder	NOUN
cblr-2930	506	30	who	who	PRON
cblr-2930	506	31	vote	vote	VERB
cblr-2930	506	32	against	against	ADP
cblr-2930	506	33	.	.	PUNCT
cblr-2930	507	1	rather	rather	ADV
cblr-2930	507	2	,	,	PUNCT
cblr-2930	507	3	each	each	DET
cblr-2930	507	4	bias	bias	NOUN
cblr-2930	507	5	is	be	AUX
cblr-2930	507	6	likely	likely	ADJ
cblr-2930	507	7	to	to	PART
cblr-2930	507	8	steer	steer	VERB
cblr-2930	507	9	voting	voting	NOUN
cblr-2930	507	10	behavior	behavior	NOUN
cblr-2930	507	11	in	in	ADP
cblr-2930	507	12	a	a	DET
cblr-2930	507	13	particular	particular	ADJ
cblr-2930	507	14	direction	direction	NOUN
cblr-2930	507	15	.	.	PUNCT
cblr-2930	508	1	82	82	NUM
cblr-2930	508	2	bryan	bryan	PROPN
cblr-2930	508	3	caplan	caplan	PROPN
cblr-2930	508	4	,	,	PUNCT
cblr-2930	508	5	the	the	DET
cblr-2930	508	6	myth	myth	NOUN
cblr-2930	508	7	of	of	ADP
cblr-2930	508	8	the	the	DET
cblr-2930	508	9	rational	rational	ADJ
cblr-2930	508	10	voter	voter	NOUN
cblr-2930	508	11	:	:	PUNCT
cblr-2930	508	12	why	why	SCONJ
cblr-2930	508	13	democracies	democracy	NOUN
cblr-2930	508	14	choose	choose	VERB
cblr-2930	508	15	bad	bad	ADJ
cblr-2930	508	16	policies	policy	NOUN
cblr-2930	508	17	36	36	NUM
cblr-2930	508	18	(	(	PUNCT
cblr-2930	508	19	2007	2007	NUM
cblr-2930	508	20	)	)	PUNCT
cblr-2930	508	21	.	.	PUNCT
cblr-2930	509	1	795no	795no	NOUN
cblr-2930	509	2	.	.	PUNCT
cblr-2930	510	1	3:763	3:763	NUM
cblr-2930	510	2	]	]	PUNCT
cblr-2930	510	3	mechanisms	mechanism	NOUN
cblr-2930	510	4	of	of	ADP
cblr-2930	510	5	voting	voting	NOUN
cblr-2930	510	6	efficiency	efficiency	NOUN
cblr-2930	510	7	796	796	NUM
cblr-2930	510	8	columbia	columbia	PROPN
cblr-2930	510	9	business	business	NOUN
cblr-2930	510	10	la	la	PROPN
cblr-2930	510	11	wreview	wreview	VERB
cblr-2930	511	1	[	[	X
cblr-2930	511	2	vol	vol	NOUN
cblr-2930	511	3	.	.	PUNCT
cblr-2930	512	1	2010	2010	NUM
cblr-2930	512	2	figure	figure	NOUN
cblr-2930	512	3	1	1	NUM
cblr-2930	512	4	:	:	PUNCT
cblr-2930	512	5	the	the	DET
cblr-2930	512	6	median	median	ADJ
cblr-2930	512	7	voter	voter	NOUN
cblr-2930	512	8	model	model	NOUN
cblr-2930	512	9	:	:	PUNCT
cblr-2930	512	10	systematic	systematic	ADJ
cblr-2930	512	11	error	error	NOUN
cblr-2930	512	12	given	give	VERB
cblr-2930	512	13	um4ased	um4ase	VERB
cblr-2930	512	14	estho	estho	NOUN
cblr-2930	512	15	of	of	ADP
cblr-2930	512	16	sociedpin	sociedpin	NOUN
cblr-2930	512	17	~	~	PUNCT
cblr-2930	513	1	i	i	PRON
cblr-2930	513	2	meg	meg	NOUN
cblr-2930	513	3	=	=	PROPN
cblr-2930	513	4	b	b	PROPN
cblr-2930	513	5	pirom	pirom	ADP
cblr-2930	513	6	pmtwm	pmtwm	PROPN
cblr-2930	513	7	souce	souce	PROPN
cblr-2930	513	8	cas	cas	PROPN
cblr-2930	513	9	(	(	PUNCT
cblr-2930	513	10	wh	wh	VERB
cblr-2930	513	11	ba	ba	PROPN
cblr-2930	513	12	t	t	PROPN
cblr-2930	513	13	mar	mar	PROPN
cblr-2930	513	14	,	,	PUNCT
cblr-2930	513	15	w	w	PROPN
cblr-2930	513	16	hn	hn	PROPN
cblr-2930	513	17	bpote	bpote	NOUN
cblr-2930	513	18	dcrri	dcrri	NOUN
cblr-2930	513	19	aio	aio	PROPN
cblr-2930	513	20	it	it	PRON
cblr-2930	513	21	b	b	AUX
cblr-2930	513	22	do	do	AUX
cblr-2930	513	23	giva	giva	PROPN
cblr-2930	513	24	se	se	PROPN
cblr-2930	513	25	oend	oend	PROPN
cblr-2930	513	26	o	o	PROPN
cblr-2930	513	27	of	of	ADP
cblr-2930	513	28	vote	vote	NOUN
cblr-2930	513	29	aftrtheincorectopti	aftrtheincorectopti	PROPN
cblr-2930	513	30	sentattopeans	sentattopeans	PROPN
cblr-2930	513	31	wsingphmrmo	wsingphmrmo	PROPN
cblr-2930	513	32	pcasaem	pcasaem	PROPN
cblr-2930	513	33	source	source	NOUN
cblr-2930	513	34	:	:	PUNCT
cblr-2930	513	35	caplan	caplan	PROPN
cblr-2930	513	36	(	(	PUNCT
cblr-2930	513	37	2007	2007	NUM
cblr-2930	513	38	)	)	PUNCT
cblr-2930	513	39	"	"	PUNCT
cblr-2930	513	40	to	to	PART
cblr-2930	513	41	summarize	summarize	VERB
cblr-2930	513	42	,	,	PUNCT
cblr-2930	513	43	when	when	SCONJ
cblr-2930	513	44	biases	bias	NOUN
cblr-2930	513	45	are	be	AUX
cblr-2930	513	46	positively	positively	ADV
cblr-2930	513	47	correlated	correlate	VERB
cblr-2930	513	48	,	,	PUNCT
cblr-2930	513	49	diversity	diversity	NOUN
cblr-2930	513	50	breaks	break	VERB
cblr-2930	513	51	down	down	ADP
cblr-2930	513	52	and	and	CCONJ
cblr-2930	513	53	shareholders	shareholder	NOUN
cblr-2930	513	54	will	will	AUX
cblr-2930	513	55	tend	tend	VERB
cblr-2930	513	56	to	to	PART
cblr-2930	513	57	make	make	VERB
cblr-2930	513	58	the	the	DET
cblr-2930	513	59	same	same	ADJ
cblr-2930	513	60	predictions	prediction	NOUN
cblr-2930	513	61	.	.	PUNCT
cblr-2930	514	1	this	this	PRON
cblr-2930	514	2	may	may	AUX
cblr-2930	514	3	cause	cause	VERB
cblr-2930	514	4	them	they	PRON
cblr-2930	514	5	to	to	PART
cblr-2930	514	6	collectively	collectively	ADV
cblr-2930	514	7	vote	vote	VERB
cblr-2930	514	8	for	for	ADP
cblr-2930	514	9	the	the	DET
cblr-2930	514	10	incorrect	incorrect	ADJ
cblr-2930	514	11	option	option	NOUN
cblr-2930	514	12	.	.	PUNCT
cblr-2930	515	1	2	2	X
cblr-2930	515	2	.	.	X
cblr-2930	515	3	information	information	NOUN
cblr-2930	515	4	cascades	cascade	VERB
cblr-2930	515	5	to	to	PART
cblr-2930	515	6	illustrate	illustrate	VERB
cblr-2930	515	7	the	the	DET
cblr-2930	515	8	effect	effect	NOUN
cblr-2930	515	9	of	of	ADP
cblr-2930	515	10	information	information	NOUN
cblr-2930	515	11	cascades	cascade	NOUN
cblr-2930	515	12	,	,	PUNCT
cblr-2930	515	13	shiller	shiller	PROPN
cblr-2930	515	14	tells	tell	VERB
cblr-2930	515	15	the	the	DET
cblr-2930	515	16	story	story	NOUN
cblr-2930	515	17	of	of	ADP
cblr-2930	515	18	two	two	NUM
cblr-2930	515	19	restaurants	restaurant	NOUN
cblr-2930	515	20	that	that	PRON
cblr-2930	515	21	open	open	VERB
cblr-2930	515	22	next	next	ADJ
cblr-2930	515	23	door	door	NOUN
cblr-2930	515	24	to	to	ADP
cblr-2930	515	25	each	each	DET
cblr-2930	515	26	other	other	ADJ
cblr-2930	515	27	.	.	PUNCT
cblr-2930	515	28	'	'	PUNCT
cblr-2930	516	1	one	one	PRON
cblr-2930	516	2	attracts	attract	VERB
cblr-2930	516	3	increasing	increase	VERB
cblr-2930	516	4	numbers	number	NOUN
cblr-2930	516	5	of	of	ADP
cblr-2930	516	6	visitors	visitor	NOUN
cblr-2930	516	7	merely	merely	ADV
cblr-2930	516	8	because	because	SCONJ
cblr-2930	516	9	the	the	DET
cblr-2930	516	10	first	first	ADJ
cblr-2930	516	11	visitor	visitor	NOUN
cblr-2930	516	12	made	make	VERB
cblr-2930	516	13	an	an	DET
cblr-2930	516	14	essentially	essentially	ADV
cblr-2930	516	15	random	random	ADJ
cblr-2930	516	16	choice	choice	NOUN
cblr-2930	516	17	to	to	PART
cblr-2930	516	18	try	try	VERB
cblr-2930	516	19	this	this	DET
cblr-2930	516	20	restaurant	restaurant	NOUN
cblr-2930	516	21	instead	instead	ADV
cblr-2930	516	22	of	of	ADP
cblr-2930	516	23	the	the	DET
cblr-2930	516	24	other	other	ADJ
cblr-2930	516	25	.	.	PUNCT
cblr-2930	517	1	subsequent	subsequent	ADJ
cblr-2930	517	2	visitors	visitor	NOUN
cblr-2930	517	3	all	all	PRON
cblr-2930	517	4	choose	choose	VERB
cblr-2930	517	5	the	the	DET
cblr-2930	517	6	same	same	ADJ
cblr-2930	517	7	restaurant	restaurant	NOUN
cblr-2930	517	8	,	,	PUNCT
cblr-2930	517	9	assuming	assume	VERB
cblr-2930	517	10	that	that	SCONJ
cblr-2930	517	11	if	if	SCONJ
cblr-2930	517	12	earlier	early	ADJ
cblr-2930	517	13	visitors	visitor	NOUN
cblr-2930	517	14	chose	choose	VERB
cblr-2930	517	15	this	this	DET
cblr-2930	517	16	restaurant	restaurant	NOUN
cblr-2930	517	17	that	that	PRON
cblr-2930	517	18	must	must	AUX
cblr-2930	517	19	mean	mean	VERB
cblr-2930	517	20	it	it	PRON
cblr-2930	517	21	's	be	AUX
cblr-2930	517	22	good	good	ADJ
cblr-2930	517	23	.	.	PUNCT
cblr-2930	518	1	the	the	DET
cblr-2930	518	2	other	other	ADJ
cblr-2930	518	3	restaurant	restaurant	NOUN
cblr-2930	518	4	,	,	PUNCT
cblr-2930	518	5	meanwhile	meanwhile	ADV
cblr-2930	518	6	,	,	PUNCT
cblr-2930	518	7	stays	stay	VERB
cblr-2930	518	8	empty	empty	ADJ
cblr-2930	518	9	.	.	PUNCT
cblr-2930	519	1	it	it	PRON
cblr-2930	519	2	may	may	AUX
cblr-2930	519	3	be	be	AUX
cblr-2930	519	4	the	the	DET
cblr-2930	519	5	better	well	ADJ
cblr-2930	519	6	one	one	NUM
cblr-2930	519	7	-	-	PUNCT
cblr-2930	519	8	who	who	PRON
cblr-2930	519	9	will	will	AUX
cblr-2930	519	10	ever	ever	ADV
cblr-2930	519	11	know	know	VERB
cblr-2930	519	12	?	?	PUNCT
cblr-2930	520	1	one	one	NUM
cblr-2930	520	2	way	way	NOUN
cblr-2930	520	3	in	in	ADP
cblr-2930	520	4	which	which	PRON
cblr-2930	520	5	information	information	NOUN
cblr-2930	520	6	cascades	cascade	VERB
cblr-2930	520	7	may	may	AUX
cblr-2930	520	8	influence	influence	VERB
cblr-2930	520	9	investor	investor	NOUN
cblr-2930	520	10	behavior	behavior	NOUN
cblr-2930	520	11	is	be	AUX
cblr-2930	520	12	analogous	analogous	ADJ
cblr-2930	520	13	to	to	ADP
cblr-2930	520	14	the	the	DET
cblr-2930	520	15	restaurant	restaurant	NOUN
cblr-2930	520	16	story	story	NOUN
cblr-2930	520	17	:	:	PUNCT
cblr-2930	520	18	investors	investor	NOUN
cblr-2930	520	19	observe	observe	VERB
cblr-2930	520	20	other	other	ADJ
cblr-2930	520	21	investors	investor	NOUN
cblr-2930	520	22	'	'	PART
cblr-2930	520	23	behavior	behavior	NOUN
cblr-2930	520	24	and	and	CCONJ
cblr-2930	520	25	respond	respond	VERB
cblr-2930	520	26	by	by	ADP
cblr-2930	520	27	adopting	adopt	VERB
cblr-2930	520	28	the	the	DET
cblr-2930	520	29	same	same	ADJ
cblr-2930	520	30	behavior	behavior	NOUN
cblr-2930	520	31	.	.	PUNCT
cblr-2930	521	1	in	in	ADP
cblr-2930	521	2	stock	stock	NOUN
cblr-2930	521	3	markets	market	NOUN
cblr-2930	521	4	,	,	PUNCT
cblr-2930	521	5	investors	investor	NOUN
cblr-2930	521	6	observe	observe	VERB
cblr-2930	521	7	other	other	ADJ
cblr-2930	521	8	investors	investor	NOUN
cblr-2930	521	9	'	'	PART
cblr-2930	521	10	behavior	behavior	NOUN
cblr-2930	521	11	through	through	ADP
cblr-2930	521	12	stock	stock	NOUN
cblr-2930	521	13	prices	price	NOUN
cblr-2930	521	14	.	.	PUNCT
cblr-2930	522	1	this	this	DET
cblr-2930	522	2	83	83	NUM
cblr-2930	522	3	i	i	PRON
cblr-2930	522	4	d.	d.	NOUN
cblr-2930	522	5	at	at	ADP
cblr-2930	522	6	11	11	NUM
cblr-2930	522	7	.	.	SYM
cblr-2930	522	8	8	8	NUM
cblr-2930	522	9	shiller	shiller	NOUN
cblr-2930	522	10	,	,	PUNCT
cblr-2930	522	11	supra	supra	PROPN
cblr-2930	522	12	note	note	PROPN
cblr-2930	522	13	35	35	NUM
cblr-2930	522	14	,	,	PUNCT
cblr-2930	522	15	at	at	ADP
cblr-2930	522	16	160	160	NUM
cblr-2930	522	17	.	.	PUNCT
cblr-2930	523	1	columbia	columbia	PROPN
cblr-2930	523	2	business	business	PROPN
cblr-2930	523	3	law	law	PROPN
cblr-2930	523	4	review	review	NOUN
cblr-2930	524	1	[	[	X
cblr-2930	524	2	vol	vol	NOUN
cblr-2930	524	3	.	.	PUNCT
cblr-2930	524	4	2010796	2010796	NUM
cblr-2930	524	5	can	can	AUX
cblr-2930	524	6	create	create	VERB
cblr-2930	524	7	a	a	DET
cblr-2930	524	8	feedback	feedback	NOUN
cblr-2930	524	9	loop	loop	NOUN
cblr-2930	524	10	:	:	PUNCT
cblr-2930	524	11	price	price	NOUN
cblr-2930	524	12	increases	increase	NOUN
cblr-2930	524	13	,	,	PUNCT
cblr-2930	524	14	via	via	ADP
cblr-2930	524	15	investor	investor	NOUN
cblr-2930	524	16	enthusiasm	enthusiasm	NOUN
cblr-2930	524	17	,	,	PUNCT
cblr-2930	524	18	feed	feed	VERB
cblr-2930	524	19	back	back	ADV
cblr-2930	524	20	into	into	ADP
cblr-2930	524	21	further	further	ADJ
cblr-2930	524	22	price	price	NOUN
cblr-2930	524	23	increases	increase	NOUN
cblr-2930	524	24	.	.	PUNCT
cblr-2930	525	1	'	'	PUNCT
cblr-2930	525	2	,	,	PUNCT
cblr-2930	525	3	investors	investor	NOUN
cblr-2930	525	4	may	may	AUX
cblr-2930	525	5	also	also	ADV
cblr-2930	525	6	observe	observe	VERB
cblr-2930	525	7	other	other	ADJ
cblr-2930	525	8	investors	investor	NOUN
cblr-2930	525	9	'	'	PART
cblr-2930	525	10	behavior	behavior	NOUN
cblr-2930	525	11	more	more	ADV
cblr-2930	525	12	directly	directly	ADV
cblr-2930	525	13	,	,	PUNCT
cblr-2930	525	14	from	from	ADP
cblr-2930	525	15	the	the	DET
cblr-2930	525	16	trading	trading	NOUN
cblr-2930	525	17	book	book	NOUN
cblr-2930	525	18	and	and	CCONJ
cblr-2930	525	19	the	the	DET
cblr-2930	525	20	stock	stock	NOUN
cblr-2930	525	21	exchange	exchange	NOUN
cblr-2930	525	22	reporting	reporting	NOUN
cblr-2930	525	23	system	system	NOUN
cblr-2930	525	24	,	,	PUNCT
cblr-2930	525	25	and	and	CCONJ
cblr-2930	525	26	because	because	SCONJ
cblr-2930	525	27	securities	security	NOUN
cblr-2930	525	28	laws	law	NOUN
cblr-2930	525	29	require	require	VERB
cblr-2930	525	30	major	major	ADJ
cblr-2930	525	31	share	share	NOUN
cblr-2930	525	32	accumulations	accumulation	NOUN
cblr-2930	525	33	to	to	PART
cblr-2930	525	34	be	be	AUX
cblr-2930	525	35	disclosed	disclose	VERB
cblr-2930	525	36	.	.	PUNCT
cblr-2930	526	1	when	when	SCONJ
cblr-2930	526	2	it	it	PRON
cblr-2930	526	3	becomes	becomes	AUX
cblr-2930	526	4	known	know	VERB
cblr-2930	526	5	that	that	SCONJ
cblr-2930	526	6	warren	warren	PROPN
cblr-2930	526	7	buffet	buffet	NOUN
cblr-2930	526	8	has	have	AUX
cblr-2930	526	9	acquired	acquire	VERB
cblr-2930	526	10	a	a	DET
cblr-2930	526	11	stake	stake	NOUN
cblr-2930	526	12	,	,	PUNCT
cblr-2930	526	13	the	the	DET
cblr-2930	526	14	stock	stock	NOUN
cblr-2930	526	15	usually	usually	ADV
cblr-2930	526	16	soars	soar	VERB
cblr-2930	526	17	.	.	PUNCT
cblr-2930	526	18	"	"	PUNCT
cblr-2930	527	1	the	the	DET
cblr-2930	527	2	reason	reason	NOUN
cblr-2930	527	3	is	be	AUX
cblr-2930	527	4	investors	investor	NOUN
cblr-2930	527	5	presume	presume	VERB
cblr-2930	527	6	that	that	SCONJ
cblr-2930	527	7	he	he	PRON
cblr-2930	527	8	is	be	AUX
cblr-2930	527	9	well	well	ADV
cblr-2930	527	10	-	-	PUNCT
cblr-2930	527	11	informed	inform	VERB
cblr-2930	527	12	and	and	CCONJ
cblr-2930	527	13	that	that	SCONJ
cblr-2930	527	14	his	his	PRON
cblr-2930	527	15	move	move	NOUN
cblr-2930	527	16	must	must	AUX
cblr-2930	527	17	mean	mean	VERB
cblr-2930	527	18	the	the	DET
cblr-2930	527	19	stock	stock	NOUN
cblr-2930	527	20	is	be	AUX
cblr-2930	527	21	undervalued	undervalue	VERB
cblr-2930	527	22	.	.	PUNCT
cblr-2930	527	23	"	"	PUNCT
cblr-2930	528	1	if	if	SCONJ
cblr-2930	528	2	buffet	buffet	NOUN
cblr-2930	528	3	is	be	AUX
cblr-2930	528	4	right	right	ADJ
cblr-2930	528	5	,	,	PUNCT
cblr-2930	528	6	investors	investor	NOUN
cblr-2930	528	7	'	'	PART
cblr-2930	528	8	copycat	copycat	NOUN
cblr-2930	528	9	behavior	behavior	NOUN
cblr-2930	528	10	will	will	AUX
cblr-2930	528	11	accelerate	accelerate	VERB
cblr-2930	528	12	the	the	DET
cblr-2930	528	13	process	process	NOUN
cblr-2930	528	14	whereby	whereby	SCONJ
cblr-2930	528	15	the	the	DET
cblr-2930	528	16	share	share	NOUN
cblr-2930	528	17	price	price	NOUN
cblr-2930	528	18	moves	move	NOUN
cblr-2930	528	19	toward	toward	ADP
cblr-2930	528	20	its	its	PRON
cblr-2930	528	21	fundamental	fundamental	ADJ
cblr-2930	528	22	value	value	NOUN
cblr-2930	528	23	.	.	PUNCT
cblr-2930	528	24	"	"	PUNCT
cblr-2930	529	1	but	but	CCONJ
cblr-2930	529	2	what	what	PRON
cblr-2930	529	3	if	if	SCONJ
cblr-2930	529	4	he	he	PRON
cblr-2930	529	5	were	be	AUX
cblr-2930	529	6	wrong	wrong	ADJ
cblr-2930	529	7	?	?	PUNCT
cblr-2930	530	1	in	in	ADP
cblr-2930	530	2	that	that	DET
cblr-2930	530	3	case	case	NOUN
cblr-2930	530	4	we	we	PRON
cblr-2930	530	5	are	be	AUX
cblr-2930	530	6	worse	bad	ADJ
cblr-2930	530	7	off	off	ADP
cblr-2930	530	8	because	because	SCONJ
cblr-2930	530	9	by	by	ADP
cblr-2930	530	10	copying	copy	VERB
cblr-2930	530	11	his	his	PRON
cblr-2930	530	12	investment	investment	NOUN
cblr-2930	530	13	behavior	behavior	NOUN
cblr-2930	530	14	,	,	PUNCT
cblr-2930	530	15	some	some	DET
cblr-2930	530	16	investors	investor	NOUN
cblr-2930	530	17	will	will	AUX
cblr-2930	530	18	have	have	AUX
cblr-2930	530	19	ignored	ignore	VERB
cblr-2930	530	20	their	their	PRON
cblr-2930	530	21	private	private	ADJ
cblr-2930	530	22	information	information	NOUN
cblr-2930	530	23	and	and	CCONJ
cblr-2930	530	24	consequently	consequently	ADV
cblr-2930	530	25	the	the	DET
cblr-2930	530	26	market	market	NOUN
cblr-2930	530	27	system	system	NOUN
cblr-2930	530	28	will	will	AUX
cblr-2930	530	29	have	have	AUX
cblr-2930	530	30	aggregated	aggregate	VERB
cblr-2930	530	31	less	less	ADJ
cblr-2930	530	32	information	information	NOUN
cblr-2930	530	33	than	than	ADP
cblr-2930	530	34	available	available	ADJ
cblr-2930	530	35	among	among	ADP
cblr-2930	530	36	investors.8	investors.8	PROPN
cblr-2930	530	37	"	"	PUNCT
cblr-2930	530	38	as	as	ADP
cblr-2930	530	39	to	to	ADP
cblr-2930	530	40	those	those	DET
cblr-2930	530	41	shareholders	shareholder	NOUN
cblr-2930	530	42	who	who	PRON
cblr-2930	530	43	did	do	AUX
cblr-2930	530	44	n't	not	PART
cblr-2930	530	45	have	have	VERB
cblr-2930	530	46	any	any	DET
cblr-2930	530	47	private	private	ADJ
cblr-2930	530	48	information	information	NOUN
cblr-2930	530	49	to	to	PART
cblr-2930	530	50	begin	begin	VERB
cblr-2930	530	51	with	with	ADP
cblr-2930	530	52	,	,	PUNCT
cblr-2930	530	53	their	their	PRON
cblr-2930	530	54	failure	failure	NOUN
cblr-2930	530	55	to	to	PART
cblr-2930	530	56	make	make	VERB
cblr-2930	530	57	an	an	DET
cblr-2930	530	58	effort	effort	NOUN
cblr-2930	530	59	to	to	PART
cblr-2930	530	60	independently	independently	ADV
cblr-2930	530	61	interpret	interpret	VERB
cblr-2930	530	62	public	public	ADJ
cblr-2930	530	63	information	information	NOUN
cblr-2930	530	64	will	will	AUX
cblr-2930	530	65	result	result	VERB
cblr-2930	530	66	in	in	ADP
cblr-2930	530	67	less	less	ADV
cblr-2930	530	68	diverse	diverse	ADJ
cblr-2930	530	69	predictions	prediction	NOUN
cblr-2930	530	70	and	and	CCONJ
cblr-2930	530	71	hence	hence	ADV
cblr-2930	530	72	a	a	DET
cblr-2930	530	73	less	less	ADV
cblr-2930	530	74	accurate	accurate	ADJ
cblr-2930	530	75	group	group	NOUN
cblr-2930	530	76	prediction	prediction	NOUN
cblr-2930	530	77	.	.	PUNCT
cblr-2930	530	78	"	"	PUNCT
cblr-2930	531	1	the	the	DET
cblr-2930	531	2	ability	ability	NOUN
cblr-2930	531	3	to	to	PART
cblr-2930	531	4	observe	observe	VERB
cblr-2930	531	5	other	other	ADJ
cblr-2930	531	6	investors	investor	NOUN
cblr-2930	531	7	'	'	PART
cblr-2930	531	8	trades	trade	NOUN
cblr-2930	531	9	can	can	AUX
cblr-2930	531	10	influence	influence	VERB
cblr-2930	531	11	investment	investment	NOUN
cblr-2930	531	12	behavior	behavior	NOUN
cblr-2930	531	13	because	because	SCONJ
cblr-2930	531	14	trading	trading	NOUN
cblr-2930	531	15	is	be	AUX
cblr-2930	531	16	a	a	DET
cblr-2930	531	17	sequential	sequential	ADJ
cblr-2930	531	18	process	process	NOUN
cblr-2930	531	19	.	.	PUNCT
cblr-2930	532	1	by	by	ADP
cblr-2930	532	2	contrast	contrast	NOUN
cblr-2930	532	3	,	,	PUNCT
cblr-2930	532	4	one	one	PRON
cblr-2930	532	5	might	might	AUX
cblr-2930	532	6	argue	argue	VERB
cblr-2930	532	7	,	,	PUNCT
cblr-2930	532	8	voting	vote	VERB
cblr-2930	532	9	8	8	NUM
cblr-2930	532	10	.	.	PUNCT
cblr-2930	533	1	i	i	PRON
cblr-2930	533	2	d.	d.	PROPN
cblr-2930	533	3	at	at	ADP
cblr-2930	533	4	68	68	NUM
cblr-2930	533	5	-	-	SYM
cblr-2930	533	6	69	69	NUM
cblr-2930	533	7	.	.	PUNCT
cblr-2930	533	8	'	'	PUNCT
cblr-2930	534	1	see	see	VERB
cblr-2930	534	2	david	david	PROPN
cblr-2930	534	3	hirshleifer	hirshleifer	PROPN
cblr-2930	534	4	&	&	CCONJ
cblr-2930	534	5	siew	siew	PROPN
cblr-2930	534	6	hong	hong	PROPN
cblr-2930	534	7	teoh	teoh	PROPN
cblr-2930	534	8	,	,	PUNCT
cblr-2930	534	9	herd	herd	NOUN
cblr-2930	534	10	behaviour	behaviour	NOUN
cblr-2930	534	11	and	and	CCONJ
cblr-2930	534	12	cascading	cascade	VERB
cblr-2930	534	13	in	in	ADP
cblr-2930	534	14	capital	capital	NOUN
cblr-2930	534	15	markets	market	NOUN
cblr-2930	534	16	:	:	PUNCT
cblr-2930	534	17	a	a	DET
cblr-2930	534	18	review	review	NOUN
cblr-2930	534	19	and	and	CCONJ
cblr-2930	534	20	synthesis	synthesis	NOUN
cblr-2930	534	21	,	,	PUNCT
cblr-2930	534	22	9	9	NUM
cblr-2930	534	23	eur	eur	NOUN
cblr-2930	534	24	.	.	PUNCT
cblr-2930	535	1	fin	fin	NOUN
cblr-2930	535	2	.	.	PUNCT
cblr-2930	535	3	mgmt	mgmt	PROPN
cblr-2930	535	4	.	.	PUNCT
cblr-2930	536	1	25	25	NUM
cblr-2930	536	2	,	,	PUNCT
cblr-2930	536	3	48(2003	48(2003	NUM
cblr-2930	536	4	)	)	PUNCT
cblr-2930	536	5	.	.	PUNCT
cblr-2930	537	1	*	*	PUNCT
cblr-2930	538	1	i	i	PRON
cblr-2930	538	2	d.	d.	PROPN
cblr-2930	538	3	at	at	ADP
cblr-2930	538	4	47	47	NUM
cblr-2930	538	5	-	-	SYM
cblr-2930	538	6	48	48	NUM
cblr-2930	538	7	(	(	PUNCT
cblr-2930	538	8	discussing	discuss	VERB
cblr-2930	538	9	the	the	DET
cblr-2930	538	10	endorsement	endorsement	NOUN
cblr-2930	538	11	effect	effect	NOUN
cblr-2930	538	12	)	)	PUNCT
cblr-2930	538	13	.	.	PUNCT
cblr-2930	539	1	see	see	VERB
cblr-2930	539	2	gilson	gilson	PROPN
cblr-2930	539	3	&	&	CCONJ
cblr-2930	539	4	kraakman	kraakman	PROPN
cblr-2930	539	5	,	,	PUNCT
cblr-2930	539	6	supra	supra	PROPN
cblr-2930	539	7	note	note	NOUN
cblr-2930	539	8	6	6	NUM
cblr-2930	539	9	,	,	PUNCT
cblr-2930	539	10	at	at	ADP
cblr-2930	539	11	572	572	NUM
cblr-2930	539	12	(	(	PUNCT
cblr-2930	539	13	casting	cast	VERB
cblr-2930	539	14	derivatively	derivatively	ADV
cblr-2930	539	15	informed	inform	VERB
cblr-2930	539	16	trading	trading	NOUN
cblr-2930	539	17	as	as	ADP
cblr-2930	539	18	a	a	DET
cblr-2930	539	19	mechanism	mechanism	NOUN
cblr-2930	539	20	of	of	ADP
cblr-2930	539	21	market	market	NOUN
cblr-2930	539	22	efficiency	efficiency	NOUN
cblr-2930	539	23	)	)	PUNCT
cblr-2930	539	24	;	;	PUNCT
cblr-2930	539	25	see	see	VERB
cblr-2930	539	26	also	also	ADV
cblr-2930	539	27	mvichael	mvichael	PROPN
cblr-2930	539	28	c.	c.	PROPN
cblr-2930	539	29	schouten	schouten	PROPN
cblr-2930	539	30	,	,	PUNCT
cblr-2930	539	31	the	the	DET
cblr-2930	539	32	case	case	NOUN
cblr-2930	539	33	for	for	ADP
cblr-2930	539	34	mandatory	mandatory	ADJ
cblr-2930	539	35	ownership	ownership	NOUN
cblr-2930	539	36	disclosure	disclosure	NOUN
cblr-2930	539	37	,	,	PUNCT
cblr-2930	539	38	15	15	NUM
cblr-2930	539	39	stan	stan	NOUN
cblr-2930	539	40	.	.	PUNCT
cblr-2930	540	1	j.l	j.l	PROPN
cblr-2930	540	2	.	.	PROPN
cblr-2930	540	3	bus	bus	PROPN
cblr-2930	540	4	.	.	PUNCT
cblr-2930	540	5	&	&	CCONJ
cblr-2930	540	6	fin	fin	PROPN
cblr-2930	540	7	.	.	PUNCT
cblr-2930	541	1	127	127	NUM
cblr-2930	541	2	,	,	PUNCT
cblr-2930	541	3	140	140	NUM
cblr-2930	541	4	(	(	PUNCT
cblr-2930	541	5	2009	2009	NUM
cblr-2930	541	6	)	)	PUNCT
cblr-2930	541	7	(	(	PUNCT
cblr-2930	541	8	explaining	explain	VERB
cblr-2930	541	9	how	how	SCONJ
cblr-2930	541	10	ownership	ownership	NOUN
cblr-2930	541	11	disclosure	disclosure	NOUN
cblr-2930	541	12	rules	rule	NOUN
cblr-2930	541	13	enable	enable	VERB
cblr-2930	541	14	derivatively	derivatively	ADV
cblr-2930	541	15	informed	inform	VERB
cblr-2930	541	16	trading	trading	NOUN
cblr-2930	541	17	)	)	PUNCT
cblr-2930	541	18	.	.	PUNCT
cblr-2930	542	1	8	8	NUM
cblr-2930	542	2	see	see	VERB
cblr-2930	542	3	gilson	gilson	PROPN
cblr-2930	542	4	&	&	CCONJ
cblr-2930	542	5	kraakman	kraakman	PROPN
cblr-2930	542	6	,	,	PUNCT
cblr-2930	542	7	supra	supra	PROPN
cblr-2930	542	8	note	note	NOUN
cblr-2930	542	9	6	6	NUM
cblr-2930	542	10	,	,	PUNCT
cblr-2930	542	11	at	at	ADP
cblr-2930	542	12	582	582	NUM
cblr-2930	542	13	n.107	n.107	NOUN
cblr-2930	542	14	(	(	PUNCT
cblr-2930	542	15	noting	note	VERB
cblr-2930	542	16	that	that	SCONJ
cblr-2930	542	17	"	"	PUNCT
cblr-2930	542	18	[	[	X
cblr-2930	542	19	w]idespread	w]idespread	ADJ
cblr-2930	542	20	trade	trade	NOUN
cblr-2930	542	21	or	or	CCONJ
cblr-2930	542	22	price	price	NOUN
cblr-2930	542	23	decoding	decoding	NOUN
cblr-2930	542	24	would	would	AUX
cblr-2930	542	25	violate	violate	VERB
cblr-2930	542	26	the	the	DET
cblr-2930	542	27	independence	independence	NOUN
cblr-2930	542	28	condition	condition	NOUN
cblr-2930	542	29	"	"	PUNCT
cblr-2930	542	30	)	)	PUNCT
cblr-2930	542	31	.	.	PUNCT
cblr-2930	542	32	"	"	PUNCT
cblr-2930	543	1	see	see	VERB
cblr-2930	543	2	shiller	shiller	PROPN
cblr-2930	543	3	,	,	PUNCT
cblr-2930	543	4	supra	supra	PROPN
cblr-2930	543	5	note	note	PROPN
cblr-2930	543	6	35	35	NUM
cblr-2930	543	7	,	,	PUNCT
cblr-2930	543	8	at	at	ADP
cblr-2930	543	9	160	160	NUM
cblr-2930	543	10	(	(	PUNCT
cblr-2930	543	11	noting	note	VERB
cblr-2930	543	12	that	that	SCONJ
cblr-2930	543	13	cascades	cascade	NOUN
cblr-2930	543	14	theories	theory	NOUN
cblr-2930	543	15	"	"	PUNCT
cblr-2930	543	16	are	be	AUX
cblr-2930	543	17	theories	theory	NOUN
cblr-2930	543	18	of	of	ADP
cblr-2930	543	19	the	the	DET
cblr-2930	543	20	failure	failure	NOUN
cblr-2930	543	21	of	of	ADP
cblr-2930	543	22	information	information	NOUN
cblr-2930	543	23	about	about	ADP
cblr-2930	543	24	true	true	ADJ
cblr-2930	543	25	fundamental	fundamental	ADJ
cblr-2930	543	26	value	value	NOUN
cblr-2930	543	27	to	to	PART
cblr-2930	543	28	be	be	AUX
cblr-2930	543	29	disseminated	disseminate	VERB
cblr-2930	543	30	and	and	CCONJ
cblr-2930	543	31	evaluated	evaluate	VERB
cblr-2930	543	32	"	"	PUNCT
cblr-2930	543	33	)	)	PUNCT
cblr-2930	543	34	(	(	PUNCT
cblr-2930	543	35	emphasis	emphasis	NOUN
cblr-2930	543	36	in	in	ADP
cblr-2930	543	37	original	original	ADJ
cblr-2930	543	38	)	)	PUNCT
cblr-2930	543	39	.	.	PUNCT
cblr-2930	544	1	no	no	INTJ
cblr-2930	544	2	.	.	PUNCT
cblr-2930	545	1	3:763]1	3:763]1	NUM
cblr-2930	545	2	mechanisms	mechanism	NOUN
cblr-2930	545	3	of	of	ADP
cblr-2930	545	4	voting	voting	NOUN
cblr-2930	545	5	efficiency	efficiency	NOUN
cblr-2930	545	6	797	797	NUM
cblr-2930	545	7	takes	take	VERB
cblr-2930	545	8	place	place	NOUN
cblr-2930	545	9	simultaneously	simultaneously	ADV
cblr-2930	545	10	,	,	PUNCT
cblr-2930	545	11	since	since	SCONJ
cblr-2930	545	12	shareholders	shareholder	NOUN
cblr-2930	545	13	vote	vote	NOUN
cblr-2930	545	14	at	at	ADP
cblr-2930	545	15	the	the	DET
cblr-2930	545	16	shareholders	shareholder	NOUN
cblr-2930	545	17	'	'	PART
cblr-2930	545	18	meeting	meeting	NOUN
cblr-2930	545	19	.	.	PUNCT
cblr-2930	546	1	on	on	ADP
cblr-2930	546	2	closer	close	ADJ
cblr-2930	546	3	inspection	inspection	NOUN
cblr-2930	546	4	,	,	PUNCT
cblr-2930	546	5	however	however	ADV
cblr-2930	546	6	,	,	PUNCT
cblr-2930	546	7	it	it	PRON
cblr-2930	546	8	becomes	become	VERB
cblr-2930	546	9	clear	clear	ADJ
cblr-2930	546	10	that	that	SCONJ
cblr-2930	546	11	shareholders	shareholder	NOUN
cblr-2930	546	12	can	can	AUX
cblr-2930	546	13	observe	observe	VERB
cblr-2930	546	14	other	other	ADJ
cblr-2930	546	15	shareholders	shareholder	NOUN
cblr-2930	546	16	'	'	PART
cblr-2930	546	17	votes	vote	NOUN
cblr-2930	546	18	prior	prior	ADV
cblr-2930	546	19	to	to	ADP
cblr-2930	546	20	making	make	VERB
cblr-2930	546	21	their	their	PRON
cblr-2930	546	22	own	own	ADJ
cblr-2930	546	23	voting	voting	NOUN
cblr-2930	546	24	decisions	decision	NOUN
cblr-2930	546	25	.	.	PUNCT
cblr-2930	547	1	perhaps	perhaps	ADV
cblr-2930	547	2	the	the	DET
cblr-2930	547	3	clearest	clear	ADJ
cblr-2930	547	4	example	example	NOUN
cblr-2930	547	5	is	be	AUX
cblr-2930	547	6	a	a	DET
cblr-2930	547	7	proxy	proxy	NOUN
cblr-2930	547	8	contest	contest	NOUN
cblr-2930	547	9	.	.	PUNCT
cblr-2930	548	1	the	the	DET
cblr-2930	548	2	challenger	challenger	NOUN
cblr-2930	548	3	will	will	AUX
cblr-2930	548	4	often	often	ADV
cblr-2930	548	5	hold	hold	VERB
cblr-2930	548	6	a	a	DET
cblr-2930	548	7	significant	significant	ADJ
cblr-2930	548	8	number	number	NOUN
cblr-2930	548	9	of	of	ADP
cblr-2930	548	10	shares	share	NOUN
cblr-2930	548	11	,	,	PUNCT
cblr-2930	548	12	otherwise	otherwise	ADV
cblr-2930	548	13	he	he	PRON
cblr-2930	548	14	would	would	AUX
cblr-2930	548	15	n't	not	PART
cblr-2930	548	16	seem	seem	VERB
cblr-2930	548	17	credible	credible	ADJ
cblr-2930	548	18	.	.	PUNCT
cblr-2930	549	1	in	in	ADP
cblr-2930	549	2	addition	addition	NOUN
cblr-2930	549	3	,	,	PUNCT
cblr-2930	549	4	it	it	PRON
cblr-2930	549	5	is	be	AUX
cblr-2930	549	6	not	not	PART
cblr-2930	549	7	unusual	unusual	ADJ
cblr-2930	549	8	for	for	SCONJ
cblr-2930	549	9	other	other	ADJ
cblr-2930	549	10	large	large	ADJ
cblr-2930	549	11	shareholders	shareholder	NOUN
cblr-2930	549	12	to	to	PART
cblr-2930	549	13	publicly	publicly	ADV
cblr-2930	549	14	take	take	VERB
cblr-2930	549	15	sides	side	NOUN
cblr-2930	549	16	prior	prior	ADV
cblr-2930	549	17	to	to	ADP
cblr-2930	549	18	the	the	DET
cblr-2930	549	19	actual	actual	ADJ
cblr-2930	549	20	vote	vote	NOUN
cblr-2930	549	21	,	,	PUNCT
cblr-2930	549	22	perhaps	perhaps	ADV
cblr-2930	549	23	with	with	ADP
cblr-2930	549	24	the	the	DET
cblr-2930	549	25	very	very	ADJ
cblr-2930	549	26	purpose	purpose	NOUN
cblr-2930	549	27	of	of	ADP
cblr-2930	549	28	influencing	influence	VERB
cblr-2930	549	29	other	other	ADJ
cblr-2930	549	30	shareholders	shareholder	NOUN
cblr-2930	549	31	.	.	PUNCT
cblr-2930	550	1	again	again	ADV
cblr-2930	550	2	,	,	PUNCT
cblr-2930	550	3	if	if	SCONJ
cblr-2930	550	4	the	the	DET
cblr-2930	550	5	other	other	ADJ
cblr-2930	550	6	shareholders	shareholder	NOUN
cblr-2930	550	7	rely	rely	VERB
cblr-2930	550	8	on	on	ADP
cblr-2930	550	9	the	the	DET
cblr-2930	550	10	large	large	ADJ
cblr-2930	550	11	shareholder	shareholder	NOUN
cblr-2930	550	12	's	's	PART
cblr-2930	550	13	judgment	judgment	NOUN
cblr-2930	550	14	and	and	CCONJ
cblr-2930	550	15	ignore	ignore	VERB
cblr-2930	550	16	their	their	PRON
cblr-2930	550	17	private	private	ADJ
cblr-2930	550	18	information	information	NOUN
cblr-2930	550	19	or	or	CCONJ
cblr-2930	550	20	fail	fail	VERB
cblr-2930	550	21	to	to	PART
cblr-2930	550	22	independently	independently	ADV
cblr-2930	550	23	interpret	interpret	VERB
cblr-2930	550	24	public	public	ADJ
cblr-2930	550	25	information	information	NOUN
cblr-2930	550	26	,	,	PUNCT
cblr-2930	550	27	epistemic	epistemic	ADJ
cblr-2930	550	28	quality	quality	NOUN
cblr-2930	550	29	might	might	AUX
cblr-2930	550	30	suffer	suffer	VERB
cblr-2930	550	31	.	.	PUNCT
cblr-2930	551	1	even	even	ADV
cblr-2930	551	2	if	if	SCONJ
cblr-2930	551	3	shareholders	shareholder	NOUN
cblr-2930	551	4	do	do	AUX
cblr-2930	551	5	not	not	PART
cblr-2930	551	6	observe	observe	VERB
cblr-2930	551	7	each	each	DET
cblr-2930	551	8	other	other	ADJ
cblr-2930	551	9	's	's	PART
cblr-2930	551	10	voting	voting	NOUN
cblr-2930	551	11	behavior	behavior	NOUN
cblr-2930	551	12	,	,	PUNCT
cblr-2930	551	13	they	they	PRON
cblr-2930	551	14	may	may	AUX
cblr-2930	551	15	still	still	ADV
cblr-2930	551	16	make	make	VERB
cblr-2930	551	17	the	the	DET
cblr-2930	551	18	same	same	ADJ
cblr-2930	551	19	voting	voting	NOUN
cblr-2930	551	20	decisions	decision	NOUN
cblr-2930	551	21	because	because	SCONJ
cblr-2930	551	22	they	they	PRON
cblr-2930	551	23	base	base	VERB
cblr-2930	551	24	their	their	PRON
cblr-2930	551	25	decisions	decision	NOUN
cblr-2930	551	26	on	on	ADP
cblr-2930	551	27	the	the	DET
cblr-2930	551	28	same	same	ADJ
cblr-2930	551	29	information	information	NOUN
cblr-2930	551	30	transmitted	transmit	VERB
cblr-2930	551	31	through	through	ADP
cblr-2930	551	32	a	a	DET
cblr-2930	551	33	cascade	cascade	NOUN
cblr-2930	551	34	.	.	PUNCT
cblr-2930	552	1	again	again	ADV
cblr-2930	552	2	,	,	PUNCT
cblr-2930	552	3	it	it	PRON
cblr-2930	552	4	is	be	AUX
cblr-2930	552	5	easiest	easy	ADJ
cblr-2930	552	6	to	to	PART
cblr-2930	552	7	see	see	VERB
cblr-2930	552	8	how	how	SCONJ
cblr-2930	552	9	this	this	PRON
cblr-2930	552	10	can	can	AUX
cblr-2930	552	11	happen	happen	VERB
cblr-2930	552	12	when	when	SCONJ
cblr-2930	552	13	we	we	PRON
cblr-2930	552	14	look	look	VERB
cblr-2930	552	15	at	at	ADP
cblr-2930	552	16	investment	investment	NOUN
cblr-2930	552	17	decisions	decision	NOUN
cblr-2930	552	18	.	.	PUNCT
cblr-2930	553	1	after	after	ADV
cblr-2930	553	2	all	all	ADV
cblr-2930	553	3	,	,	PUNCT
cblr-2930	553	4	when	when	SCONJ
cblr-2930	553	5	markets	market	NOUN
cblr-2930	553	6	soar	soar	VERB
cblr-2930	553	7	,	,	PUNCT
cblr-2930	553	8	shoeshiners	shoeshiner	NOUN
cblr-2930	553	9	notoriously	notoriously	ADV
cblr-2930	553	10	offer	offer	VERB
cblr-2930	553	11	stock	stock	NOUN
cblr-2930	553	12	tips	tip	NOUN
cblr-2930	553	13	,	,	PUNCT
cblr-2930	553	14	not	not	PART
cblr-2930	553	15	voting	vote	VERB
cblr-2930	553	16	recommendations	recommendation	NOUN
cblr-2930	553	17	.	.	PUNCT
cblr-2930	554	1	but	but	CCONJ
cblr-2930	554	2	the	the	DET
cblr-2930	554	3	vehicles	vehicle	NOUN
cblr-2930	554	4	that	that	PRON
cblr-2930	554	5	can	can	AUX
cblr-2930	554	6	rapidly	rapidly	ADV
cblr-2930	554	7	spread	spread	VERB
cblr-2930	554	8	information	information	NOUN
cblr-2930	554	9	that	that	PRON
cblr-2930	554	10	influences	influence	VERB
cblr-2930	554	11	investment	investment	NOUN
cblr-2930	554	12	decisions	decision	NOUN
cblr-2930	554	13	-	-	PUNCT
cblr-2930	554	14	human	human	ADJ
cblr-2930	554	15	conversation	conversation	NOUN
cblr-2930	554	16	,	,	PUNCT
cblr-2930	554	17	the	the	DET
cblr-2930	554	18	media	medium	NOUN
cblr-2930	554	19	,	,	PUNCT
cblr-2930	554	20	the	the	DET
cblr-2930	554	21	internet	internet	NOUN
cblr-2930	554	22	-	-	PUNCT
cblr-2930	554	23	can	can	AUX
cblr-2930	554	24	equally	equally	ADV
cblr-2930	554	25	rapidly	rapidly	ADV
cblr-2930	554	26	spread	spread	VERB
cblr-2930	554	27	information	information	NOUN
cblr-2930	554	28	that	that	PRON
cblr-2930	554	29	influences	influence	VERB
cblr-2930	554	30	voting	voting	NOUN
cblr-2930	554	31	decisions	decision	NOUN
cblr-2930	554	32	.	.	PUNCT
cblr-2930	555	1	in	in	ADP
cblr-2930	555	2	fact	fact	NOUN
cblr-2930	555	3	,	,	PUNCT
cblr-2930	555	4	the	the	DET
cblr-2930	555	5	information	information	NOUN
cblr-2930	555	6	is	be	AUX
cblr-2930	555	7	often	often	ADV
cblr-2930	555	8	the	the	DET
cblr-2930	555	9	same	same	ADJ
cblr-2930	555	10	.	.	PUNCT
cblr-2930	556	1	a	a	DET
cblr-2930	556	2	popular	popular	ADJ
cblr-2930	556	3	story	story	NOUN
cblr-2930	556	4	about	about	ADP
cblr-2930	556	5	a	a	DET
cblr-2930	556	6	ceo	ceo	NOUN
cblr-2930	556	7	's	's	PART
cblr-2930	556	8	golden	golden	ADJ
cblr-2930	556	9	touch	touch	NOUN
cblr-2930	556	10	can	can	AUX
cblr-2930	556	11	either	either	CCONJ
cblr-2930	556	12	cause	cause	VERB
cblr-2930	556	13	an	an	DET
cblr-2930	556	14	investor	investor	NOUN
cblr-2930	556	15	to	to	PART
cblr-2930	556	16	buy	buy	VERB
cblr-2930	556	17	stock	stock	NOUN
cblr-2930	556	18	or	or	CCONJ
cblr-2930	556	19	,	,	PUNCT
cblr-2930	556	20	if	if	SCONJ
cblr-2930	556	21	he	he	PRON
cblr-2930	556	22	already	already	ADV
cblr-2930	556	23	owns	own	VERB
cblr-2930	556	24	the	the	DET
cblr-2930	556	25	stock	stock	NOUN
cblr-2930	556	26	,	,	PUNCT
cblr-2930	556	27	to	to	PART
cblr-2930	556	28	vote	vote	VERB
cblr-2930	556	29	for	for	ADP
cblr-2930	556	30	a	a	DET
cblr-2930	556	31	risky	risky	ADJ
cblr-2930	556	32	acquisition	acquisition	NOUN
cblr-2930	556	33	proposed	propose	VERB
cblr-2930	556	34	by	by	ADP
cblr-2930	556	35	that	that	DET
cblr-2930	556	36	ceo	ceo	NOUN
cblr-2930	556	37	.	.	PUNCT
cblr-2930	557	1	either	either	DET
cblr-2930	557	2	way	way	NOUN
cblr-2930	557	3	,	,	PUNCT
cblr-2930	557	4	the	the	DET
cblr-2930	557	5	investor	investor	NOUN
cblr-2930	557	6	's	's	PART
cblr-2930	557	7	move	move	NOUN
cblr-2930	557	8	hardly	hardly	ADV
cblr-2930	557	9	reflects	reflect	VERB
cblr-2930	557	10	an	an	DET
cblr-2930	557	11	independent	independent	ADJ
cblr-2930	557	12	judgment	judgment	NOUN
cblr-2930	557	13	.	.	PUNCT
cblr-2930	558	1	notice	notice	VERB
cblr-2930	558	2	that	that	SCONJ
cblr-2930	558	3	this	this	DET
cblr-2930	558	4	kind	kind	NOUN
cblr-2930	558	5	of	of	ADP
cblr-2930	558	6	voting	voting	NOUN
cblr-2930	558	7	behavior	behavior	NOUN
cblr-2930	558	8	,	,	PUNCT
cblr-2930	558	9	while	while	SCONJ
cblr-2930	558	10	perhaps	perhaps	ADV
cblr-2930	558	11	not	not	PART
cblr-2930	558	12	independent	independent	ADJ
cblr-2930	558	13	,	,	PUNCT
cblr-2930	558	14	may	may	AUX
cblr-2930	558	15	be	be	AUX
cblr-2930	558	16	perfectly	perfectly	ADV
cblr-2930	558	17	rational	rational	ADJ
cblr-2930	558	18	.	.	PUNCT
cblr-2930	559	1	as	as	ADV
cblr-2930	559	2	long	long	ADV
cblr-2930	559	3	as	as	SCONJ
cblr-2930	559	4	an	an	DET
cblr-2930	559	5	investor	investor	NOUN
cblr-2930	559	6	does	do	AUX
cblr-2930	559	7	not	not	PART
cblr-2930	559	8	expect	expect	VERB
cblr-2930	559	9	the	the	DET
cblr-2930	559	10	cost	cost	NOUN
cblr-2930	559	11	of	of	ADP
cblr-2930	559	12	actively	actively	ADV
cblr-2930	559	13	gathering	gather	VERB
cblr-2930	559	14	information	information	NOUN
cblr-2930	559	15	to	to	PART
cblr-2930	559	16	outweigh	outweigh	VERB
cblr-2930	559	17	the	the	DET
cblr-2930	559	18	benefit	benefit	NOUN
cblr-2930	559	19	of	of	ADP
cblr-2930	559	20	casting	cast	VERB
cblr-2930	559	21	an	an	DET
cblr-2930	559	22	informed	informed	ADJ
cblr-2930	559	23	vote	vote	NOUN
cblr-2930	559	24	,	,	PUNCT
cblr-2930	559	25	he	he	PRON
cblr-2930	559	26	might	might	AUX
cblr-2930	559	27	as	as	ADV
cblr-2930	559	28	well	well	ADV
cblr-2930	559	29	base	base	VERB
cblr-2930	559	30	his	his	PRON
cblr-2930	559	31	voting	voting	NOUN
cblr-2930	559	32	decision	decision	NOUN
cblr-2930	559	33	on	on	ADP
cblr-2930	559	34	information	information	NOUN
cblr-2930	559	35	presented	present	VERB
cblr-2930	559	36	for	for	ADP
cblr-2930	559	37	free	free	ADJ
cblr-2930	559	38	.	.	PUNCT
cblr-2930	560	1	thus	thus	ADV
cblr-2930	560	2	,	,	PUNCT
cblr-2930	560	3	as	as	SCONJ
cblr-2930	560	4	the	the	DET
cblr-2930	560	5	ownership	ownership	NOUN
cblr-2930	560	6	of	of	ADP
cblr-2930	560	7	a	a	DET
cblr-2930	560	8	firm	firm	NOUN
cblr-2930	560	9	becomes	becomes	AUX
cblr-2930	560	10	increasingly	increasingly	ADV
cblr-2930	560	11	dispersed	disperse	VERB
cblr-2930	560	12	and	and	CCONJ
cblr-2930	560	13	individual	individual	ADJ
cblr-2930	560	14	shareholders	shareholder	NOUN
cblr-2930	560	15	'	'	PART
cblr-2930	560	16	expected	expect	VERB
cblr-2930	560	17	influence	influence	NOUN
cblr-2930	560	18	on	on	ADP
cblr-2930	560	19	the	the	DET
cblr-2930	560	20	outcome	outcome	NOUN
cblr-2930	560	21	of	of	ADP
cblr-2930	560	22	the	the	DET
cblr-2930	560	23	vote	vote	NOUN
cblr-2930	560	24	decreases	decrease	VERB
cblr-2930	560	25	,	,	PUNCT
cblr-2930	560	26	increasing	increase	VERB
cblr-2930	560	27	numbers	number	NOUN
cblr-2930	560	28	of	of	ADP
cblr-2930	560	29	shareholders	shareholder	NOUN
cblr-2930	560	30	might	might	AUX
cblr-2930	560	31	rationally	rationally	ADV
cblr-2930	560	32	engage	engage	VERB
cblr-2930	560	33	in	in	ADP
cblr-2930	560	34	what	what	PRON
cblr-2930	560	35	is	be	AUX
cblr-2930	560	36	referred	refer	VERB
cblr-2930	560	37	to	to	ADP
cblr-2930	560	38	as	as	ADP
cblr-2930	560	39	"	"	PUNCT
cblr-2930	560	40	epistemic	epistemic	ADJ
cblr-2930	560	41	free	free	ADJ
cblr-2930	560	42	798	798	NUM
cblr-2930	560	43	col	col	NOUN
cblr-2930	560	44	umia	umia	NOUN
cblr-2930	560	45	business	business	PROPN
cblr-2930	560	46	la	la	PROPN
cblr-2930	560	47	w	w	PROPN
cblr-2930	560	48	re	re	VERB
cblr-2930	560	49	view	view	NOUN
cblr-2930	560	50	[	[	X
cblr-2930	560	51	vol	vol	NOUN
cblr-2930	560	52	.	.	NOUN
cblr-2930	560	53	20	20	NUM
cblr-2930	560	54	10	10	NUM
cblr-2930	560	55	riding	ride	VERB
cblr-2930	560	56	.	.	PUNCT
cblr-2930	561	1	"	"	PUNCT
cblr-2930	561	2	"	"	PUNCT
cblr-2930	561	3	that	that	ADV
cblr-2930	561	4	is	be	AUX
cblr-2930	561	5	,	,	PUNCT
cblr-2930	561	6	if	if	SCONJ
cblr-2930	561	7	they	they	PRON
cblr-2930	561	8	decide	decide	VERB
cblr-2930	561	9	to	to	PART
cblr-2930	561	10	vote	vote	VERB
cblr-2930	561	11	at	at	ADV
cblr-2930	561	12	all	all	ADV
cblr-2930	561	13	,	,	PUNCT
cblr-2930	561	14	for	for	ADP
cblr-2930	561	15	when	when	SCONJ
cblr-2930	561	16	shareholders	shareholder	NOUN
cblr-2930	561	17	do	do	AUX
cblr-2930	561	18	not	not	PART
cblr-2930	561	19	expect	expect	VERB
cblr-2930	561	20	to	to	PART
cblr-2930	561	21	influence	influence	VERB
cblr-2930	561	22	the	the	DET
cblr-2930	561	23	outcome	outcome	NOUN
cblr-2930	561	24	of	of	ADP
cblr-2930	561	25	the	the	DET
cblr-2930	561	26	vote	vote	NOUN
cblr-2930	561	27	,	,	PUNCT
cblr-2930	561	28	it	it	PRON
cblr-2930	561	29	is	be	AUX
cblr-2930	561	30	rational	rational	ADJ
cblr-2930	561	31	for	for	SCONJ
cblr-2930	561	32	them	they	PRON
cblr-2930	561	33	to	to	PART
cblr-2930	561	34	save	save	VERB
cblr-2930	561	35	themselves	themselves	PRON
cblr-2930	561	36	from	from	ADP
cblr-2930	561	37	not	not	PART
cblr-2930	561	38	only	only	ADV
cblr-2930	561	39	the	the	DET
cblr-2930	561	40	cost	cost	NOUN
cblr-2930	561	41	of	of	ADP
cblr-2930	561	42	gathering	gather	VERB
cblr-2930	561	43	information	information	NOUN
cblr-2930	561	44	but	but	CCONJ
cblr-2930	561	45	also	also	ADV
cblr-2930	561	46	the	the	DET
cblr-2930	561	47	hassle	hassle	NOUN
cblr-2930	561	48	of	of	ADP
cblr-2930	561	49	returning	return	VERB
cblr-2930	561	50	the	the	DET
cblr-2930	561	51	proxy	proxy	ADJ
cblr-2930	561	52	form.9	form.9	NOUN
cblr-2930	561	53	2	2	NUM
cblr-2930	561	54	this	this	PRON
cblr-2930	561	55	,	,	PUNCT
cblr-2930	561	56	indeed	indeed	ADV
cblr-2930	561	57	,	,	PUNCT
cblr-2930	561	58	is	be	AUX
cblr-2930	561	59	why	why	SCONJ
cblr-2930	561	60	most	most	ADJ
cblr-2930	561	61	shareholders	shareholder	NOUN
cblr-2930	561	62	are	be	AUX
cblr-2930	561	63	rationally	rationally	ADV
cblr-2930	561	64	apathetic	apathetic	ADJ
cblr-2930	561	65	.	.	PUNCT
cblr-2930	562	1	3	3	X
cblr-2930	562	2	.	.	X
cblr-2930	562	3	opinion	opinion	NOUN
cblr-2930	562	4	leaders	leader	NOUN
cblr-2930	562	5	as	as	ADP
cblr-2930	562	6	the	the	DET
cblr-2930	562	7	reference	reference	NOUN
cblr-2930	562	8	to	to	ADP
cblr-2930	562	9	warren	warren	PROPN
cblr-2930	562	10	buffet	buffet	PROPN
cblr-2930	562	11	suggests	suggest	VERB
cblr-2930	562	12	,	,	PUNCT
cblr-2930	562	13	information	information	NOUN
cblr-2930	562	14	cascades	cascade	NOUN
cblr-2930	562	15	often	often	ADV
cblr-2930	562	16	originate	originate	VERB
cblr-2930	562	17	with	with	ADP
cblr-2930	562	18	opinion	opinion	NOUN
cblr-2930	562	19	leaders	leader	NOUN
cblr-2930	562	20	.	.	PUNCT
cblr-2930	563	1	in	in	ADP
cblr-2930	563	2	stock	stock	NOUN
cblr-2930	563	3	markets	market	NOUN
cblr-2930	563	4	,	,	PUNCT
cblr-2930	563	5	the	the	DET
cblr-2930	563	6	main	main	ADJ
cblr-2930	563	7	opinion	opinion	NOUN
cblr-2930	563	8	leaders	leader	NOUN
cblr-2930	563	9	are	be	AUX
cblr-2930	563	10	analysts	analyst	NOUN
cblr-2930	563	11	,	,	PUNCT
cblr-2930	563	12	whose	whose	DET
cblr-2930	563	13	status	status	NOUN
cblr-2930	563	14	as	as	ADP
cblr-2930	563	15	experts	expert	NOUN
cblr-2930	563	16	is	be	AUX
cblr-2930	563	17	so	so	ADV
cblr-2930	563	18	undisputed	undisputed	ADJ
cblr-2930	563	19	it	it	PRON
cblr-2930	563	20	may	may	AUX
cblr-2930	563	21	lead	lead	VERB
cblr-2930	563	22	investors	investor	NOUN
cblr-2930	563	23	to	to	PART
cblr-2930	563	24	put	put	VERB
cblr-2930	563	25	aside	aside	ADV
cblr-2930	563	26	their	their	PRON
cblr-2930	563	27	own	own	ADJ
cblr-2930	563	28	views	view	NOUN
cblr-2930	563	29	.	.	PUNCT
cblr-2930	563	30	"	"	PUNCT
cblr-2930	564	1	in	in	ADP
cblr-2930	564	2	terms	term	NOUN
cblr-2930	564	3	of	of	ADP
cblr-2930	564	4	corporate	corporate	ADJ
cblr-2930	564	5	voting	voting	NOUN
cblr-2930	564	6	,	,	PUNCT
cblr-2930	564	7	it	it	PRON
cblr-2930	564	8	is	be	AUX
cblr-2930	564	9	clear	clear	ADJ
cblr-2930	564	10	that	that	SCONJ
cblr-2930	564	11	if	if	SCONJ
cblr-2930	564	12	increasing	increase	VERB
cblr-2930	564	13	numbers	number	NOUN
cblr-2930	564	14	of	of	ADP
cblr-2930	564	15	shareholders	shareholder	NOUN
cblr-2930	564	16	base	base	VERB
cblr-2930	564	17	their	their	PRON
cblr-2930	564	18	voting	voting	NOUN
cblr-2930	564	19	decision	decision	NOUN
cblr-2930	564	20	on	on	ADP
cblr-2930	564	21	the	the	DET
cblr-2930	564	22	judgment	judgment	NOUN
cblr-2930	564	23	of	of	ADP
cblr-2930	564	24	a	a	DET
cblr-2930	564	25	perceived	perceive	VERB
cblr-2930	564	26	expert	expert	NOUN
cblr-2930	564	27	,	,	PUNCT
cblr-2930	564	28	the	the	DET
cblr-2930	564	29	probability	probability	NOUN
cblr-2930	564	30	that	that	SCONJ
cblr-2930	564	31	they	they	PRON
cblr-2930	564	32	collectively	collectively	ADV
cblr-2930	564	33	choose	choose	VERB
cblr-2930	564	34	the	the	DET
cblr-2930	564	35	correct	correct	ADJ
cblr-2930	564	36	option	option	NOUN
cblr-2930	564	37	will	will	AUX
cblr-2930	564	38	increasingly	increasingly	ADV
cblr-2930	564	39	depend	depend	VERB
cblr-2930	564	40	on	on	ADP
cblr-2930	564	41	the	the	DET
cblr-2930	564	42	probability	probability	NOUN
cblr-2930	564	43	that	that	SCONJ
cblr-2930	564	44	the	the	DET
cblr-2930	564	45	expert	expert	NOUN
cblr-2930	564	46	chooses	choose	VERB
cblr-2930	564	47	the	the	DET
cblr-2930	564	48	correct	correct	ADJ
cblr-2930	564	49	option	option	NOUN
cblr-2930	564	50	.	.	PUNCT
cblr-2930	565	1	the	the	DET
cblr-2930	565	2	obvious	obvious	ADJ
cblr-2930	565	3	expert	expert	NOUN
cblr-2930	565	4	that	that	PRON
cblr-2930	565	5	shareholders	shareholder	NOUN
cblr-2930	565	6	rely	rely	VERB
cblr-2930	565	7	on	on	ADP
cblr-2930	565	8	is	be	AUX
cblr-2930	565	9	the	the	DET
cblr-2930	565	10	board	board	NOUN
cblr-2930	565	11	,	,	PUNCT
cblr-2930	565	12	which	which	PRON
cblr-2930	565	13	is	be	AUX
cblr-2930	565	14	generally	generally	ADV
cblr-2930	565	15	perceived	perceive	VERB
cblr-2930	565	16	to	to	PART
cblr-2930	565	17	have	have	VERB
cblr-2930	565	18	superior	superior	ADJ
cblr-2930	565	19	information	information	NOUN
cblr-2930	565	20	as	as	SCONJ
cblr-2930	565	21	"	"	PUNCT
cblr-2930	565	22	see	see	VERB
cblr-2930	565	23	vermeule	vermeule	NOUN
cblr-2930	565	24	,	,	PUNCT
cblr-2930	565	25	supra	supra	PROPN
cblr-2930	565	26	note	note	NOUN
cblr-2930	565	27	19	19	NUM
cblr-2930	565	28	,	,	PUNCT
cblr-2930	565	29	at	at	ADP
cblr-2930	565	30	28	28	NUM
cblr-2930	565	31	;	;	PUNCT
cblr-2930	565	32	see	see	VERB
cblr-2930	565	33	also	also	ADV
cblr-2930	565	34	shiller	shiller	PROPN
cblr-2930	565	35	,	,	PUNCT
cblr-2930	565	36	supra	supra	PROPN
cblr-2930	565	37	note	note	PROPN
cblr-2930	565	38	35	35	NUM
cblr-2930	565	39	,	,	PUNCT
cblr-2930	565	40	at	at	ADP
cblr-2930	565	41	160	160	NUM
cblr-2930	565	42	(	(	PUNCT
cblr-2930	565	43	noting	note	VERB
cblr-2930	565	44	that	that	SCONJ
cblr-2930	565	45	according	accord	VERB
cblr-2930	565	46	to	to	ADP
cblr-2930	565	47	cascade	cascade	NOUN
cblr-2930	565	48	theories	theory	NOUN
cblr-2930	565	49	,	,	PUNCT
cblr-2930	565	50	"	"	PUNCT
cblr-2930	565	51	the	the	DET
cblr-2930	565	52	popular	popular	ADJ
cblr-2930	565	53	notion	notion	NOUN
cblr-2930	565	54	that	that	SCONJ
cblr-2930	565	55	the	the	DET
cblr-2930	565	56	level	level	NOUN
cblr-2930	565	57	of	of	ADP
cblr-2930	565	58	market	market	NOUN
cblr-2930	565	59	prices	price	NOUN
cblr-2930	565	60	is	be	AUX
cblr-2930	565	61	the	the	DET
cblr-2930	565	62	outcome	outcome	NOUN
cblr-2930	565	63	of	of	ADP
cblr-2930	565	64	a	a	DET
cblr-2930	565	65	sort	sort	NOUN
cblr-2930	565	66	of	of	ADP
cblr-2930	565	67	vote	vote	NOUN
cblr-2930	565	68	by	by	ADP
cblr-2930	565	69	all	all	DET
cblr-2930	565	70	investors	investor	NOUN
cblr-2930	565	71	about	about	ADP
cblr-2930	565	72	the	the	DET
cblr-2930	565	73	true	true	ADJ
cblr-2930	565	74	value	value	NOUN
cblr-2930	565	75	of	of	ADP
cblr-2930	565	76	the	the	DET
cblr-2930	565	77	market	market	NOUN
cblr-2930	565	78	is	be	AUX
cblr-2930	565	79	just	just	ADV
cblr-2930	565	80	plain	plain	ADV
cblr-2930	565	81	wrong	wrong	ADJ
cblr-2930	565	82	.	.	PUNCT
cblr-2930	566	1	hardly	hardly	ADV
cblr-2930	566	2	anyone	anyone	PRON
cblr-2930	566	3	is	be	AUX
cblr-2930	566	4	really	really	ADV
cblr-2930	566	5	voting	vote	VERB
cblr-2930	566	6	.	.	PUNCT
cblr-2930	567	1	instead	instead	ADV
cblr-2930	567	2	people	people	NOUN
cblr-2930	567	3	are	be	AUX
cblr-2930	567	4	rationally	rationally	ADV
cblr-2930	567	5	choosing	choose	VERB
cblr-2930	567	6	not	not	PART
cblr-2930	567	7	to	to	PART
cblr-2930	567	8	,	,	PUNCT
cblr-2930	567	9	as	as	SCONJ
cblr-2930	567	10	they	they	PRON
cblr-2930	567	11	see	see	VERB
cblr-2930	567	12	it	it	PRON
cblr-2930	567	13	,	,	PUNCT
cblr-2930	567	14	waste	waste	VERB
cblr-2930	567	15	their	their	PRON
cblr-2930	567	16	time	time	NOUN
cblr-2930	567	17	and	and	CCONJ
cblr-2930	567	18	effort	effort	NOUN
cblr-2930	567	19	in	in	ADP
cblr-2930	567	20	exercising	exercise	VERB
cblr-2930	567	21	their	their	PRON
cblr-2930	567	22	judgment	judgment	NOUN
cblr-2930	567	23	about	about	ADP
cblr-2930	567	24	the	the	DET
cblr-2930	567	25	market	market	NOUN
cblr-2930	567	26	,	,	PUNCT
cblr-2930	567	27	and	and	CCONJ
cblr-2930	567	28	thus	thus	ADV
cblr-2930	567	29	choosing	choose	VERB
cblr-2930	567	30	not	not	PART
cblr-2930	567	31	to	to	PART
cblr-2930	567	32	exert	exert	VERB
cblr-2930	567	33	any	any	DET
cblr-2930	567	34	independent	independent	ADJ
cblr-2930	567	35	impact	impact	NOUN
cblr-2930	567	36	on	on	ADP
cblr-2930	567	37	the	the	DET
cblr-2930	567	38	market	market	NOUN
cblr-2930	567	39	.	.	PUNCT
cblr-2930	567	40	"	"	PUNCT
cblr-2930	567	41	)	)	PUNCT
cblr-2930	567	42	.	.	PUNCT
cblr-2930	568	1	*	*	PUNCT
cblr-2930	568	2	see	see	VERB
cblr-2930	568	3	easterbrook	easterbrook	PROPN
cblr-2930	568	4	&	&	CCONJ
cblr-2930	568	5	fischel	fischel	PROPN
cblr-2930	568	6	,	,	PUNCT
cblr-2930	568	7	supra	supra	PROPN
cblr-2930	568	8	note	note	NOUN
cblr-2930	568	9	8	8	NUM
cblr-2930	568	10	,	,	PUNCT
cblr-2930	568	11	at	at	ADP
cblr-2930	568	12	402	402	NUM
cblr-2930	568	13	(	(	PUNCT
cblr-2930	568	14	noting	note	VERB
cblr-2930	568	15	that	that	SCONJ
cblr-2930	568	16	"	"	PUNCT
cblr-2930	568	17	none	none	NOUN
cblr-2930	568	18	of	of	ADP
cblr-2930	568	19	the	the	DET
cblr-2930	568	20	voters	voter	NOUN
cblr-2930	568	21	has	have	VERB
cblr-2930	568	22	the	the	DET
cblr-2930	568	23	appropriate	appropriate	ADJ
cblr-2930	568	24	incentive	incentive	NOUN
cblr-2930	568	25	at	at	ADP
cblr-2930	568	26	the	the	DET
cblr-2930	568	27	margin	margin	NOUN
cblr-2930	568	28	to	to	PART
cblr-2930	568	29	study	study	VERB
cblr-2930	568	30	the	the	DET
cblr-2930	568	31	firm	firm	NOUN
cblr-2930	568	32	's	's	PART
cblr-2930	568	33	affairs	affair	NOUN
cblr-2930	568	34	and	and	CCONJ
cblr-2930	568	35	vote	vote	VERB
cblr-2930	568	36	intelligently	intelligently	ADV
cblr-2930	568	37	"	"	PUNCT
cblr-2930	568	38	)	)	PUNCT
cblr-2930	568	39	;	;	PUNCT
cblr-2930	568	40	see	see	VERB
cblr-2930	568	41	also	also	ADV
cblr-2930	568	42	anthony	anthony	NOUN
cblr-2930	568	43	downs	down	NOUN
cblr-2930	568	44	,	,	PUNCT
cblr-2930	568	45	an	an	DET
cblr-2930	568	46	economic	economic	ADJ
cblr-2930	568	47	theory	theory	NOUN
cblr-2930	568	48	of	of	ADP
cblr-2930	568	49	democracy	democracy	NOUN
cblr-2930	568	50	(	(	PUNCT
cblr-2930	568	51	1957	1957	NUM
cblr-2930	568	52	)	)	PUNCT
cblr-2930	568	53	.	.	PUNCT
cblr-2930	569	1	"	"	PUNCT
cblr-2930	569	2	shiller	shiller	PROPN
cblr-2930	569	3	,	,	PUNCT
cblr-2930	569	4	supra	supra	PROPN
cblr-2930	569	5	note	note	PROPN
cblr-2930	569	6	35	35	NUM
cblr-2930	569	7	,	,	PUNCT
cblr-2930	569	8	at	at	ADP
cblr-2930	569	9	44	44	NUM
cblr-2930	569	10	,	,	PUNCT
cblr-2930	569	11	169	169	NUM
cblr-2930	569	12	(	(	PUNCT
cblr-2930	569	13	noting	note	VERB
cblr-2930	569	14	that	that	SCONJ
cblr-2930	569	15	"	"	PUNCT
cblr-2930	569	16	[	[	X
cblr-2930	569	17	tihere	tihere	PRON
cblr-2930	569	18	is	be	AUX
cblr-2930	569	19	a	a	DET
cblr-2930	569	20	willingness	willingness	NOUN
cblr-2930	569	21	to	to	PART
cblr-2930	569	22	free	free	ADJ
cblr-2930	569	23	ride	ride	NOUN
cblr-2930	569	24	here	here	ADV
cblr-2930	569	25	-	-	PUNCT
cblr-2930	569	26	to	to	PART
cblr-2930	569	27	suppose	suppose	VERB
cblr-2930	569	28	that	that	SCONJ
cblr-2930	569	29	the	the	DET
cblr-2930	569	30	experts	expert	NOUN
cblr-2930	569	31	have	have	AUX
cblr-2930	569	32	thought	think	VERB
cblr-2930	569	33	through	through	ADP
cblr-2930	569	34	the	the	DET
cblr-2930	569	35	apparent	apparent	ADJ
cblr-2930	569	36	contradictions	contradiction	NOUN
cblr-2930	569	37	and	and	CCONJ
cblr-2930	569	38	therefore	therefore	ADV
cblr-2930	569	39	to	to	PART
cblr-2930	569	40	assume	assume	VERB
cblr-2930	569	41	that	that	SCONJ
cblr-2930	569	42	the	the	DET
cblr-2930	569	43	experts	expert	NOUN
cblr-2930	569	44	know	know	VERB
cblr-2930	569	45	why	why	SCONJ
cblr-2930	569	46	they	they	PRON
cblr-2930	569	47	are	be	AUX
cblr-2930	569	48	not	not	PART
cblr-2930	569	49	in	in	ADP
cblr-2930	569	50	fact	fact	NOUN
cblr-2930	569	51	contradictions	contradiction	NOUN
cblr-2930	569	52	at	at	ADP
cblr-2930	569	53	all	all	ADV
cblr-2930	569	54	"	"	PUNCT
cblr-2930	569	55	)	)	PUNCT
cblr-2930	569	56	.	.	PUNCT
cblr-2930	569	57	'	'	PUNCT
cblr-2930	570	1	on	on	ADP
cblr-2930	570	2	the	the	DET
cblr-2930	570	3	impact	impact	NOUN
cblr-2930	570	4	of	of	ADP
cblr-2930	570	5	opinion	opinion	NOUN
cblr-2930	570	6	leaders	leader	NOUN
cblr-2930	570	7	,	,	PUNCT
cblr-2930	570	8	see	see	VERB
cblr-2930	570	9	generally	generally	ADV
cblr-2930	570	10	bernard	bernard	PROPN
cblr-2930	570	11	grofman	grofman	PROPN
cblr-2930	570	12	,	,	PUNCT
cblr-2930	570	13	guillermo	guillermo	PROPN
cblr-2930	570	14	owen	owen	PROPN
cblr-2930	570	15	&	&	CCONJ
cblr-2930	570	16	scott	scott	PROPN
cblr-2930	570	17	feld	feld	PROPN
cblr-2930	570	18	,	,	PUNCT
cblr-2930	570	19	thirteen	thirteen	NUM
cblr-2930	570	20	theorems	theorem	NOUN
cblr-2930	570	21	in	in	ADP
cblr-2930	570	22	search	search	NOUN
cblr-2930	570	23	of	of	ADP
cblr-2930	570	24	the	the	DET
cblr-2930	570	25	truth	truth	NOUN
cblr-2930	570	26	,	,	PUNCT
cblr-2930	570	27	15	15	NUM
cblr-2930	570	28	theory	theory	NOUN
cblr-2930	570	29	&	&	CCONJ
cblr-2930	570	30	decision	decision	NOUN
cblr-2930	570	31	261	261	NUM
cblr-2930	570	32	,	,	PUNCT
cblr-2930	570	33	273	273	NUM
cblr-2930	570	34	-	-	SYM
cblr-2930	570	35	74	74	NUM
cblr-2930	570	36	(	(	PUNCT
cblr-2930	570	37	1983	1983	NUM
cblr-2930	570	38	)	)	PUNCT
cblr-2930	570	39	;	;	PUNCT
cblr-2930	570	40	kai	kai	PROPN
cblr-2930	570	41	spiekermann	spiekermann	PROPN
cblr-2930	570	42	&	&	CCONJ
cblr-2930	570	43	robert	robert	PROPN
cblr-2930	570	44	e.	e.	PROPN
cblr-2930	570	45	goodin	goodin	PROPN
cblr-2930	570	46	,	,	PUNCT
cblr-2930	570	47	courts	court	NOUN
cblr-2930	570	48	of	of	ADP
cblr-2930	570	49	many	many	ADJ
cblr-2930	570	50	minds	mind	NOUN
cblr-2930	570	51	(	(	PUNCT
cblr-2930	570	52	am	am	NOUN
cblr-2930	570	53	.	.	PUNCT
cblr-2930	571	1	pol	pol	PROPN
cblr-2930	571	2	.	.	PUNCT
cblr-2930	572	1	sci	sci	PROPN
cblr-2930	572	2	.	.	PUNCT
cblr-2930	572	3	org	org	PROPN
cblr-2930	572	4	.	.	PROPN
cblr-2930	572	5	,	,	PUNCT
cblr-2930	572	6	working	work	VERB
cblr-2930	572	7	paper	paper	NOUN
cblr-2930	572	8	series	series	NOUN
cblr-2930	572	9	,	,	PUNCT
cblr-2930	572	10	2010	2010	NUM
cblr-2930	572	11	)	)	PUNCT
cblr-2930	572	12	,	,	PUNCT
cblr-2930	572	13	available	available	ADJ
cblr-2930	572	14	at	at	ADP
cblr-2930	572	15	http//ssrn.com	http//ssrn.com	PROPN
cblr-2930	572	16	/	/	PUNCT
cblr-2930	572	17	abstract-1644530	abstract-1644530	ADV
cblr-2930	572	18	;	;	PUNCT
cblr-2930	572	19	estlund	estlund	ADJ
cblr-2930	572	20	,	,	PUNCT
cblr-2930	572	21	supra	supra	PROPN
cblr-2930	572	22	note	note	NOUN
cblr-2930	572	23	73	73	NUM
cblr-2930	572	24	.	.	PUNCT
cblr-2930	573	1	no	no	INTJ
cblr-2930	573	2	.	.	PUNCT
cblr-2930	574	1	3:763	3:763	NUM
cblr-2930	574	2	]	]	PUNCT
cblr-2930	574	3	mechanisms	mechanism	NOUN
cblr-2930	574	4	of	of	ADP
cblr-2930	574	5	voting	voting	NOUN
cblr-2930	574	6	efficiency	efficiency	NOUN
cblr-2930	574	7	799	799	NUM
cblr-2930	574	8	columbia	columbia	PROPN
cblr-2930	574	9	business	business	NOUN
cblr-2930	574	10	law	law	PROPN
cblr-2930	574	11	review	review	VERB
cblr-2930	574	12	far	far	ADV
cblr-2930	574	13	as	as	SCONJ
cblr-2930	574	14	the	the	DET
cblr-2930	574	15	firm	firm	NOUN
cblr-2930	574	16	is	be	AUX
cblr-2930	574	17	concerned	concern	VERB
cblr-2930	574	18	.	.	PUNCT
cblr-2930	575	1	and	and	CCONJ
cblr-2930	575	2	of	of	ADP
cblr-2930	575	3	course	course	NOUN
cblr-2930	575	4	,	,	PUNCT
cblr-2930	575	5	shareholders	shareholder	NOUN
cblr-2930	575	6	will	will	AUX
cblr-2930	575	7	be	be	AUX
cblr-2930	575	8	fully	fully	ADV
cblr-2930	575	9	aware	aware	ADJ
cblr-2930	575	10	of	of	ADP
cblr-2930	575	11	the	the	DET
cblr-2930	575	12	board	board	NOUN
cblr-2930	575	13	's	's	PART
cblr-2930	575	14	opinion	opinion	NOUN
cblr-2930	575	15	.	.	PUNCT
cblr-2930	576	1	the	the	DET
cblr-2930	576	2	mere	mere	ADJ
cblr-2930	576	3	fact	fact	NOUN
cblr-2930	576	4	that	that	SCONJ
cblr-2930	576	5	the	the	DET
cblr-2930	576	6	board	board	NOUN
cblr-2930	576	7	proposes	propose	VERB
cblr-2930	576	8	a	a	DET
cblr-2930	576	9	merger	merger	NOUN
cblr-2930	576	10	signals	signal	NOUN
cblr-2930	576	11	to	to	ADP
cblr-2930	576	12	shareholders	shareholder	NOUN
cblr-2930	576	13	that	that	SCONJ
cblr-2930	576	14	the	the	DET
cblr-2930	576	15	board	board	NOUN
cblr-2930	576	16	believes	believe	VERB
cblr-2930	576	17	such	such	ADJ
cblr-2930	576	18	merger	merger	NOUN
cblr-2930	576	19	would	would	AUX
cblr-2930	576	20	be	be	AUX
cblr-2930	576	21	beneficial	beneficial	ADJ
cblr-2930	576	22	.	.	PUNCT
cblr-2930	577	1	the	the	DET
cblr-2930	577	2	board	board	NOUN
cblr-2930	577	3	will	will	AUX
cblr-2930	577	4	next	next	ADV
cblr-2930	577	5	distribute	distribute	VERB
cblr-2930	577	6	proxy	proxy	NOUN
cblr-2930	577	7	materials	material	NOUN
cblr-2930	577	8	making	make	VERB
cblr-2930	577	9	the	the	DET
cblr-2930	577	10	case	case	NOUN
cblr-2930	577	11	for	for	ADP
cblr-2930	577	12	the	the	DET
cblr-2930	577	13	merger	merger	NOUN
cblr-2930	577	14	,	,	PUNCT
cblr-2930	577	15	for	for	ADP
cblr-2930	577	16	example	example	NOUN
cblr-2930	577	17	,	,	PUNCT
cblr-2930	577	18	by	by	ADP
cblr-2930	577	19	projecting	project	VERB
cblr-2930	577	20	synergies	synergy	NOUN
cblr-2930	577	21	.	.	PUNCT
cblr-2930	578	1	these	these	DET
cblr-2930	578	2	synergies	synergy	NOUN
cblr-2930	578	3	will	will	AUX
cblr-2930	578	4	often	often	ADV
cblr-2930	578	5	be	be	AUX
cblr-2930	578	6	difficult	difficult	ADJ
cblr-2930	578	7	to	to	PART
cblr-2930	578	8	verify	verify	VERB
cblr-2930	578	9	.	.	PUNCT
cblr-2930	579	1	in	in	ADP
cblr-2930	579	2	the	the	DET
cblr-2930	579	3	absence	absence	NOUN
cblr-2930	579	4	of	of	ADP
cblr-2930	579	5	counterfactual	counterfactual	ADJ
cblr-2930	579	6	information	information	NOUN
cblr-2930	579	7	,	,	PUNCT
cblr-2930	579	8	many	many	ADJ
cblr-2930	579	9	shareholders	shareholder	NOUN
cblr-2930	579	10	will	will	AUX
cblr-2930	579	11	be	be	AUX
cblr-2930	579	12	inclined	incline	VERB
cblr-2930	579	13	to	to	PART
cblr-2930	579	14	rely	rely	VERB
cblr-2930	579	15	on	on	ADP
cblr-2930	579	16	the	the	DET
cblr-2930	579	17	board	board	NOUN
cblr-2930	579	18	's	's	PART
cblr-2930	579	19	recommendation	recommendation	NOUN
cblr-2930	579	20	and	and	CCONJ
cblr-2930	579	21	vote	vote	NOUN
cblr-2930	579	22	for	for	ADP
cblr-2930	579	23	the	the	DET
cblr-2930	579	24	merger	merger	NOUN
cblr-2930	579	25	.	.	PUNCT
cblr-2930	580	1	skeptics	skeptic	NOUN
cblr-2930	580	2	,	,	PUNCT
cblr-2930	580	3	meanwhile	meanwhile	ADV
cblr-2930	580	4	,	,	PUNCT
cblr-2930	580	5	may	may	AUX
cblr-2930	580	6	prefer	prefer	VERB
cblr-2930	580	7	to	to	PART
cblr-2930	580	8	vote	vote	VERB
cblr-2930	580	9	with	with	ADP
cblr-2930	580	10	their	their	PRON
cblr-2930	580	11	feet	foot	NOUN
cblr-2930	580	12	by	by	ADP
cblr-2930	580	13	selling	sell	VERB
cblr-2930	580	14	shares	share	NOUN
cblr-2930	580	15	instead	instead	ADV
cblr-2930	580	16	of	of	ADP
cblr-2930	580	17	voting	vote	VERB
cblr-2930	580	18	against	against	ADP
cblr-2930	580	19	the	the	DET
cblr-2930	580	20	merger	merger	NOUN
cblr-2930	580	21	-	-	PUNCT
cblr-2930	580	22	that	that	ADV
cblr-2930	580	23	is	be	AUX
cblr-2930	580	24	,	,	PUNCT
cblr-2930	580	25	they	they	PRON
cblr-2930	580	26	may	may	AUX
cblr-2930	580	27	prefer	prefer	VERB
cblr-2930	580	28	"	"	PUNCT
cblr-2930	580	29	exit	exit	NOUN
cblr-2930	580	30	"	"	PUNCT
cblr-2930	580	31	over	over	ADP
cblr-2930	580	32	"	"	PUNCT
cblr-2930	580	33	voice	voice	NOUN
cblr-2930	580	34	,	,	PUNCT
cblr-2930	580	35	"	"	PUNCT
cblr-2930	580	36	in	in	ADP
cblr-2930	580	37	albert	albert	PROPN
cblr-2930	580	38	hirschman	hirschman	PROPN
cblr-2930	580	39	's	's	PART
cblr-2930	580	40	terminology	terminology	NOUN
cblr-2930	580	41	-	-	PUNCT
cblr-2930	580	42	causing	cause	VERB
cblr-2930	580	43	self	self	NOUN
cblr-2930	580	44	-	-	PUNCT
cblr-2930	580	45	selection	selection	NOUN
cblr-2930	580	46	among	among	ADP
cblr-2930	580	47	voters	voter	NOUN
cblr-2930	580	48	.	.	PUNCT
cblr-2930	580	49	"	"	PUNCT
cblr-2930	581	1	together	together	ADV
cblr-2930	581	2	,	,	PUNCT
cblr-2930	581	3	these	these	DET
cblr-2930	581	4	insights	insight	NOUN
cblr-2930	581	5	may	may	AUX
cblr-2930	581	6	help	help	VERB
cblr-2930	581	7	to	to	PART
cblr-2930	581	8	explain	explain	VERB
cblr-2930	581	9	why	why	SCONJ
cblr-2930	581	10	shareholders	shareholder	NOUN
cblr-2930	581	11	almost	almost	ADV
cblr-2930	581	12	never	never	ADV
cblr-2930	581	13	vote	vote	VERB
cblr-2930	581	14	acquisitions	acquisition	NOUN
cblr-2930	581	15	down	down	ADP
cblr-2930	581	16	.	.	PUNCT
cblr-2930	581	17	"	"	PUNCT
cblr-2930	582	1	if	if	SCONJ
cblr-2930	582	2	this	this	DET
cblr-2930	582	3	explanation	explanation	NOUN
cblr-2930	582	4	were	be	AUX
cblr-2930	582	5	correct	correct	ADJ
cblr-2930	582	6	,	,	PUNCT
cblr-2930	582	7	it	it	PRON
cblr-2930	582	8	would	would	AUX
cblr-2930	582	9	be	be	AUX
cblr-2930	582	10	troubling	troubling	ADJ
cblr-2930	582	11	from	from	ADP
cblr-2930	582	12	an	an	DET
cblr-2930	582	13	epistemic	epistemic	ADJ
cblr-2930	582	14	perspective	perspective	NOUN
cblr-2930	582	15	.	.	PUNCT
cblr-2930	583	1	as	as	SCONJ
cblr-2930	583	2	we	we	PRON
cblr-2930	583	3	have	have	AUX
cblr-2930	583	4	seen	see	VERB
cblr-2930	583	5	,	,	PUNCT
cblr-2930	583	6	boards	board	NOUN
cblr-2930	583	7	too	too	ADV
cblr-2930	583	8	can	can	AUX
cblr-2930	583	9	sometimes	sometimes	ADV
cblr-2930	583	10	be	be	AUX
cblr-2930	583	11	wrong	wrong	ADJ
cblr-2930	583	12	.	.	PUNCT
cblr-2930	584	1	their	their	PRON
cblr-2930	584	2	expert	expert	ADJ
cblr-2930	584	3	opinions	opinion	NOUN
cblr-2930	584	4	may	may	AUX
cblr-2930	584	5	be	be	AUX
cblr-2930	584	6	skewed	skew	VERB
cblr-2930	584	7	by	by	ADP
cblr-2930	584	8	overconfidence	overconfidence	NOUN
cblr-2930	584	9	,	,	PUNCT
cblr-2930	584	10	their	their	PRON
cblr-2930	584	11	real	real	ADJ
cblr-2930	584	12	motive	motive	NOUN
cblr-2930	584	13	to	to	PART
cblr-2930	584	14	merge	merge	VERB
cblr-2930	584	15	may	may	AUX
cblr-2930	584	16	be	be	AUX
cblr-2930	584	17	empire	empire	NOUN
cblr-2930	584	18	building	building	NOUN
cblr-2930	584	19	,	,	PUNCT
cblr-2930	584	20	and	and	CCONJ
cblr-2930	584	21	so	so	ADV
cblr-2930	584	22	forth	forth	ADV
cblr-2930	584	23	.	.	PUNCT
cblr-2930	585	1	to	to	PART
cblr-2930	585	2	prevent	prevent	VERB
cblr-2930	585	3	a	a	DET
cblr-2930	585	4	board	board	NOUN
cblr-2930	585	5	's	's	PART
cblr-2930	585	6	flawed	flawed	ADJ
cblr-2930	585	7	judgment	judgment	NOUN
cblr-2930	585	8	from	from	ADP
cblr-2930	585	9	translating	translate	VERB
cblr-2930	585	10	to	to	ADP
cblr-2930	585	11	erroneous	erroneous	ADJ
cblr-2930	585	12	policies	policy	NOUN
cblr-2930	585	13	,	,	PUNCT
cblr-2930	585	14	it	it	PRON
cblr-2930	585	15	is	be	AUX
cblr-2930	585	16	key	key	ADJ
cblr-2930	585	17	that	that	SCONJ
cblr-2930	585	18	shareholders	shareholder	NOUN
cblr-2930	585	19	vote	vote	NOUN
cblr-2930	585	20	on	on	ADP
cblr-2930	585	21	the	the	DET
cblr-2930	585	22	basis	basis	NOUN
cblr-2930	585	23	of	of	ADP
cblr-2930	585	24	information	information	NOUN
cblr-2930	585	25	obtained	obtain	VERB
cblr-2930	585	26	independently	independently	ADV
cblr-2930	585	27	,	,	PUNCT
cblr-2930	585	28	or	or	CCONJ
cblr-2930	585	29	at	at	ADP
cblr-2930	585	30	least	least	ADJ
cblr-2930	585	31	processed	process	VERB
cblr-2930	585	32	independently	independently	ADV
cblr-2930	585	33	,	,	PUNCT
cblr-2930	585	34	rather	rather	ADV
cblr-2930	585	35	than	than	ADP
cblr-2930	585	36	blindly	blindly	ADV
cblr-2930	585	37	following	follow	VERB
cblr-2930	585	38	the	the	DET
cblr-2930	585	39	board	board	NOUN
cblr-2930	585	40	's	's	PART
cblr-2930	585	41	recommendation	recommendation	NOUN
cblr-2930	585	42	.	.	PUNCT
cblr-2930	586	1	by	by	ADP
cblr-2930	586	2	now	now	ADV
cblr-2930	586	3	,	,	PUNCT
cblr-2930	586	4	the	the	DET
cblr-2930	586	5	reader	reader	NOUN
cblr-2930	586	6	will	will	AUX
cblr-2930	586	7	have	have	AUX
cblr-2930	586	8	noticed	notice	VERB
cblr-2930	586	9	there	there	PRON
cblr-2930	586	10	is	be	VERB
cblr-2930	586	11	something	something	PRON
cblr-2930	586	12	of	of	ADP
cblr-2930	586	13	a	a	DET
cblr-2930	586	14	trade	trade	NOUN
cblr-2930	586	15	-	-	PUNCT
cblr-2930	586	16	off	off	NOUN
cblr-2930	586	17	between	between	ADP
cblr-2930	586	18	voter	voter	NOUN
cblr-2930	586	19	competence	competence	NOUN
cblr-2930	586	20	and	and	CCONJ
cblr-2930	586	21	voter	voter	NOUN
cblr-2930	586	22	independence	independence	NOUN
cblr-2930	586	23	.	.	PUNCT
cblr-2930	587	1	it	it	PRON
cblr-2930	587	2	may	may	AUX
cblr-2930	587	3	be	be	AUX
cblr-2930	587	4	possible	possible	ADJ
cblr-2930	587	5	to	to	PART
cblr-2930	587	6	increase	increase	VERB
cblr-2930	587	7	the	the	DET
cblr-2930	587	8	accuracy	accuracy	NOUN
cblr-2930	587	9	of	of	ADP
cblr-2930	587	10	the	the	DET
cblr-2930	587	11	average	average	ADJ
cblr-2930	587	12	voter	voter	NOUN
cblr-2930	587	13	's	's	PART
cblr-2930	587	14	prediction	prediction	NOUN
cblr-2930	587	15	by	by	ADP
cblr-2930	587	16	,	,	PUNCT
cblr-2930	587	17	for	for	ADP
cblr-2930	587	18	example	example	NOUN
cblr-2930	587	19	,	,	PUNCT
cblr-2930	587	20	publishing	publish	VERB
cblr-2930	587	21	an	an	DET
cblr-2930	587	22	expert	expert	NOUN
cblr-2930	587	23	's	's	PART
cblr-2930	587	24	opinion	opinion	NOUN
cblr-2930	587	25	.	.	PUNCT
cblr-2930	588	1	but	but	CCONJ
cblr-2930	588	2	this	this	DET
cblr-2930	588	3	increase	increase	NOUN
cblr-2930	588	4	in	in	ADP
cblr-2930	588	5	average	average	ADJ
cblr-2930	588	6	accuracy	accuracy	NOUN
cblr-2930	588	7	will	will	AUX
cblr-2930	588	8	95	95	NUM
cblr-2930	588	9	albert	albert	PROPN
cblr-2930	588	10	0	0	NUM
cblr-2930	588	11	.	.	PUNCT
cblr-2930	589	1	hirschman	hirschman	NOUN
cblr-2930	589	2	,	,	PUNCT
cblr-2930	589	3	exit	exit	NOUN
cblr-2930	589	4	,	,	PUNCT
cblr-2930	589	5	voice	voice	NOUN
cblr-2930	589	6	and	and	CCONJ
cblr-2930	589	7	loyalty	loyalty	NOUN
cblr-2930	589	8	:	:	PUNCT
cblr-2930	589	9	responses	response	NOUN
cblr-2930	589	10	to	to	PART
cblr-2930	589	11	decline	decline	VERB
cblr-2930	589	12	in	in	ADP
cblr-2930	589	13	firms	firm	NOUN
cblr-2930	589	14	,	,	PUNCT
cblr-2930	589	15	organizations	organization	NOUN
cblr-2930	589	16	,	,	PUNCT
cblr-2930	589	17	and	and	CCONJ
cblr-2930	589	18	states	state	NOUN
cblr-2930	589	19	4	4	NUM
cblr-2930	589	20	(	(	PUNCT
cblr-2930	589	21	1970	1970	NUM
cblr-2930	589	22	)	)	PUNCT
cblr-2930	589	23	;	;	PUNCT
cblr-2930	589	24	see	see	VERB
cblr-2930	589	25	also	also	ADV
cblr-2930	589	26	vermeule	vermeule	VERB
cblr-2930	589	27	,	,	PUNCT
cblr-2930	589	28	supra	supra	PROPN
cblr-2930	589	29	note	note	NOUN
cblr-2930	589	30	19	19	NUM
cblr-2930	589	31	,	,	PUNCT
cblr-2930	589	32	at	at	ADP
cblr-2930	589	33	27	27	NUM
cblr-2930	589	34	(	(	PUNCT
cblr-2930	589	35	discussing	discuss	VERB
cblr-2930	589	36	endogenous	endogenous	ADJ
cblr-2930	589	37	effects	effect	NOUN
cblr-2930	589	38	of	of	ADP
cblr-2930	589	39	numbers	number	NOUN
cblr-2930	589	40	on	on	ADP
cblr-2930	589	41	competence	competence	NOUN
cblr-2930	589	42	)	)	PUNCT
cblr-2930	589	43	.	.	PUNCT
cblr-2930	589	44	"	"	PUNCT
cblr-2930	590	1	see	see	VERB
cblr-2930	590	2	generally	generally	ADV
cblr-2930	590	3	kamar	kamar	PROPN
cblr-2930	590	4	,	,	PUNCT
cblr-2930	590	5	supra	supra	PROPN
cblr-2930	590	6	note	note	PROPN
cblr-2930	590	7	49	49	NUM
cblr-2930	590	8	,	,	PUNCT
cblr-2930	590	9	at	at	ADP
cblr-2930	590	10	37	37	NUM
cblr-2930	590	11	(	(	PUNCT
cblr-2930	590	12	studying	study	VERB
cblr-2930	590	13	666	666	NUM
cblr-2930	590	14	public	public	ADJ
cblr-2930	590	15	target	target	NOUN
cblr-2930	590	16	acquisitions	acquisition	NOUN
cblr-2930	590	17	requiring	require	VERB
cblr-2930	590	18	shareholder	shareholder	NOUN
cblr-2930	590	19	approval	approval	NOUN
cblr-2930	590	20	and	and	CCONJ
cblr-2930	590	21	finding	find	VERB
cblr-2930	590	22	that	that	SCONJ
cblr-2930	590	23	shareholders	shareholder	NOUN
cblr-2930	590	24	voted	vote	VERB
cblr-2930	590	25	the	the	DET
cblr-2930	590	26	proposal	proposal	NOUN
cblr-2930	590	27	acquisitions	acquisition	NOUN
cblr-2930	590	28	down	down	ADV
cblr-2930	590	29	only	only	ADV
cblr-2930	590	30	once	once	ADV
cblr-2930	590	31	)	)	PUNCT
cblr-2930	590	32	;	;	PUNCT
cblr-2930	590	33	timothy	timothy	PROPN
cblr-2930	590	34	r.	r.	PROPN
cblr-2930	590	35	burch	burch	PROPN
cblr-2930	590	36	,	,	PUNCT
cblr-2930	590	37	angela	angela	PROPN
cblr-2930	590	38	g.	g.	PROPN
cblr-2930	590	39	morgan	morgan	PROPN
cblr-2930	590	40	&	&	CCONJ
cblr-2930	590	41	jack	jack	PROPN
cblr-2930	590	42	g.	g.	PROPN
cblr-2930	590	43	wolf	wolf	PROPN
cblr-2930	590	44	,	,	PUNCT
cblr-2930	590	45	is	be	AUX
cblr-2930	590	46	acquiring	acquire	VERB
cblr-2930	590	47	-	-	PUNCT
cblr-2930	590	48	firm	firm	NOUN
cblr-2930	590	49	shareholder	shareholder	NOUN
cblr-2930	590	50	approval	approval	NOUN
cblr-2930	590	51	in	in	ADP
cblr-2930	590	52	stock	stock	NOUN
cblr-2930	590	53	-	-	PUNCT
cblr-2930	590	54	forstock	forstock	NOUN
cblr-2930	590	55	mergers	merger	NOUN
cblr-2930	590	56	perfunctory	perfunctory	ADJ
cblr-2930	590	57	?	?	PUNCT
cblr-2930	590	58	,	,	PUNCT
cblr-2930	591	1	33	33	NUM
cblr-2930	591	2	fin	fin	NOUN
cblr-2930	591	3	.	.	PUNCT
cblr-2930	591	4	mgmt	mgmt	PROPN
cblr-2930	591	5	.	.	PUNCT
cblr-2930	592	1	45	45	NUM
cblr-2930	592	2	,	,	PUNCT
cblr-2930	592	3	51	51	NUM
cblr-2930	592	4	(	(	PUNCT
cblr-2930	592	5	2004	2004	NUM
cblr-2930	592	6	)	)	PUNCT
cblr-2930	592	7	(	(	PUNCT
cblr-2930	592	8	examining	examine	VERB
cblr-2930	592	9	209	209	NUM
cblr-2930	592	10	acquiring	acquire	VERB
cblr-2930	592	11	-	-	PUNCT
cblr-2930	592	12	firm	firm	NOUN
cblr-2930	592	13	merger	merger	NOUN
cblr-2930	592	14	proxy	proxy	NOUN
cblr-2930	592	15	votes	vote	NOUN
cblr-2930	592	16	during	during	ADP
cblr-2930	592	17	1990	1990	NUM
cblr-2930	592	18	-	-	SYM
cblr-2930	592	19	2000	2000	NUM
cblr-2930	592	20	and	and	CCONJ
cblr-2930	592	21	finding	find	VERB
cblr-2930	592	22	a	a	DET
cblr-2930	592	23	mean	mean	ADJ
cblr-2930	592	24	approval	approval	NOUN
cblr-2930	592	25	rate	rate	NOUN
cblr-2930	592	26	of	of	ADP
cblr-2930	592	27	ninety	ninety	NUM
cblr-2930	592	28	-	-	PUNCT
cblr-2930	592	29	eight	eight	NUM
cblr-2930	592	30	percent	percent	NOUN
cblr-2930	592	31	)	)	PUNCT
cblr-2930	592	32	.	.	PUNCT
cblr-2930	593	1	800	800	NUM
cblr-2930	594	1	[	[	X
cblr-2930	594	2	vol	vol	NOUN
cblr-2930	594	3	.	.	PUNCT
cblr-2930	594	4	2010	2010	NUM
cblr-2930	594	5	come	come	VERB
cblr-2930	594	6	at	at	ADP
cblr-2930	594	7	the	the	DET
cblr-2930	594	8	cost	cost	NOUN
cblr-2930	594	9	of	of	ADP
cblr-2930	594	10	a	a	DET
cblr-2930	594	11	reduction	reduction	NOUN
cblr-2930	594	12	in	in	ADP
cblr-2930	594	13	prediction	prediction	NOUN
cblr-2930	594	14	diversity	diversity	NOUN
cblr-2930	594	15	.	.	PUNCT
cblr-2930	595	1	scott	scott	PROPN
cblr-2930	595	2	page	page	NOUN
cblr-2930	595	3	has	have	AUX
cblr-2930	595	4	formalized	formalize	VERB
cblr-2930	595	5	this	this	DET
cblr-2930	595	6	trade	trade	NOUN
cblr-2930	595	7	-	-	PUNCT
cblr-2930	595	8	off	off	NOUN
cblr-2930	595	9	in	in	ADP
cblr-2930	595	10	his	his	PRON
cblr-2930	595	11	diversity	diversity	NOUN
cblr-2930	595	12	theorem	theorem	VERB
cblr-2930	595	13	,	,	PUNCT
cblr-2930	595	14	which	which	PRON
cblr-2930	595	15	shows	show	VERB
cblr-2930	595	16	that	that	SCONJ
cblr-2930	595	17	average	average	ADJ
cblr-2930	595	18	individual	individual	ADJ
cblr-2930	595	19	accuracy	accuracy	NOUN
cblr-2930	595	20	and	and	CCONJ
cblr-2930	595	21	prediction	prediction	NOUN
cblr-2930	595	22	diversity	diversity	NOUN
cblr-2930	595	23	are	be	AUX
cblr-2930	595	24	both	both	ADV
cblr-2930	595	25	equally	equally	ADV
cblr-2930	595	26	important.7	important.7	NOUN
cblr-2930	595	27	when	when	SCONJ
cblr-2930	595	28	it	it	PRON
cblr-2930	595	29	comes	come	VERB
cblr-2930	595	30	to	to	ADP
cblr-2930	595	31	corporate	corporate	ADJ
cblr-2930	595	32	voting	voting	NOUN
cblr-2930	595	33	,	,	PUNCT
cblr-2930	595	34	it	it	PRON
cblr-2930	595	35	is	be	AUX
cblr-2930	595	36	difficult	difficult	ADJ
cblr-2930	595	37	to	to	PART
cblr-2930	595	38	measure	measure	VERB
cblr-2930	595	39	average	average	ADJ
cblr-2930	595	40	individual	individual	ADJ
cblr-2930	595	41	accuracy	accuracy	NOUN
cblr-2930	595	42	and	and	CCONJ
cblr-2930	595	43	also	also	ADV
cblr-2930	595	44	prediction	prediction	VERB
cblr-2930	595	45	diversity	diversity	NOUN
cblr-2930	595	46	.	.	PUNCT
cblr-2930	596	1	nevertheless	nevertheless	ADV
cblr-2930	596	2	,	,	PUNCT
cblr-2930	596	3	the	the	DET
cblr-2930	596	4	theorem	theorem	NOUN
cblr-2930	596	5	is	be	AUX
cblr-2930	596	6	important	important	ADJ
cblr-2930	596	7	for	for	ADP
cblr-2930	596	8	the	the	DET
cblr-2930	596	9	analysis	analysis	NOUN
cblr-2930	596	10	of	of	ADP
cblr-2930	596	11	voting	vote	VERB
cblr-2930	596	12	efficiency	efficiency	NOUN
cblr-2930	596	13	because	because	SCONJ
cblr-2930	596	14	it	it	PRON
cblr-2930	596	15	cautions	caution	VERB
cblr-2930	596	16	against	against	ADP
cblr-2930	596	17	overestimating	overestimate	VERB
cblr-2930	596	18	the	the	DET
cblr-2930	596	19	importance	importance	NOUN
cblr-2930	596	20	of	of	ADP
cblr-2930	596	21	accuracy	accuracy	NOUN
cblr-2930	596	22	and	and	CCONJ
cblr-2930	596	23	underestimating	underestimate	VERB
cblr-2930	596	24	the	the	DET
cblr-2930	596	25	importance	importance	NOUN
cblr-2930	596	26	of	of	ADP
cblr-2930	596	27	diversity	diversity	NOUN
cblr-2930	596	28	.	.	PUNCT
cblr-2930	597	1	the	the	DET
cblr-2930	597	2	trade	trade	NOUN
cblr-2930	597	3	-	-	PUNCT
cblr-2930	597	4	off	off	NOUN
cblr-2930	597	5	becomes	become	VERB
cblr-2930	597	6	a	a	DET
cblr-2930	597	7	real	real	ADJ
cblr-2930	597	8	issue	issue	NOUN
cblr-2930	597	9	when	when	SCONJ
cblr-2930	597	10	policymakers	policymaker	NOUN
cblr-2930	597	11	have	have	VERB
cblr-2930	597	12	to	to	PART
cblr-2930	597	13	decide	decide	VERB
cblr-2930	597	14	,	,	PUNCT
cblr-2930	597	15	for	for	ADP
cblr-2930	597	16	example	example	NOUN
cblr-2930	597	17	,	,	PUNCT
cblr-2930	597	18	to	to	ADP
cblr-2930	597	19	what	what	DET
cblr-2930	597	20	extent	extent	NOUN
cblr-2930	597	21	they	they	PRON
cblr-2930	597	22	should	should	AUX
cblr-2930	597	23	facilitate	facilitate	VERB
cblr-2930	597	24	participation	participation	NOUN
cblr-2930	597	25	by	by	ADP
cblr-2930	597	26	voters	voter	NOUN
cblr-2930	597	27	with	with	ADP
cblr-2930	597	28	relatively	relatively	ADV
cblr-2930	597	29	low	low	ADJ
cblr-2930	597	30	competence	competence	NOUN
cblr-2930	597	31	.	.	PUNCT
cblr-2930	598	1	to	to	PART
cblr-2930	598	2	see	see	VERB
cblr-2930	598	3	the	the	DET
cblr-2930	598	4	issue	issue	NOUN
cblr-2930	598	5	,	,	PUNCT
cblr-2930	598	6	consider	consider	VERB
cblr-2930	598	7	the	the	DET
cblr-2930	598	8	role	role	NOUN
cblr-2930	598	9	of	of	ADP
cblr-2930	598	10	retail	retail	ADJ
cblr-2930	598	11	investors	investor	NOUN
cblr-2930	598	12	in	in	ADP
cblr-2930	598	13	the	the	DET
cblr-2930	598	14	stock	stock	NOUN
cblr-2930	598	15	market	market	NOUN
cblr-2930	598	16	.	.	PUNCT
cblr-2930	599	1	the	the	DET
cblr-2930	599	2	fact	fact	NOUN
cblr-2930	599	3	that	that	SCONJ
cblr-2930	599	4	they	they	PRON
cblr-2930	599	5	have	have	AUX
cblr-2930	599	6	relatively	relatively	ADV
cblr-2930	599	7	little	little	ADJ
cblr-2930	599	8	information	information	NOUN
cblr-2930	599	9	and	and	CCONJ
cblr-2930	599	10	suffer	suffer	VERB
cblr-2930	599	11	from	from	ADP
cblr-2930	599	12	bounded	bounded	ADJ
cblr-2930	599	13	rationality	rationality	NOUN
cblr-2930	599	14	suggests	suggest	VERB
cblr-2930	599	15	that	that	SCONJ
cblr-2930	599	16	,	,	PUNCT
cblr-2930	599	17	from	from	ADP
cblr-2930	599	18	a	a	DET
cblr-2930	599	19	theoretical	theoretical	ADJ
cblr-2930	599	20	perspective	perspective	NOUN
cblr-2930	599	21	,	,	PUNCT
cblr-2930	599	22	we	we	PRON
cblr-2930	599	23	might	might	AUX
cblr-2930	599	24	be	be	AUX
cblr-2930	599	25	better	well	ADJ
cblr-2930	599	26	off	off	ADP
cblr-2930	599	27	excluding	exclude	VERB
cblr-2930	599	28	them	they	PRON
cblr-2930	599	29	from	from	ADP
cblr-2930	599	30	the	the	DET
cblr-2930	599	31	market	market	NOUN
cblr-2930	599	32	.	.	PUNCT
cblr-2930	600	1	after	after	ADV
cblr-2930	600	2	all	all	ADV
cblr-2930	600	3	,	,	PUNCT
cblr-2930	600	4	if	if	SCONJ
cblr-2930	600	5	retail	retail	ADJ
cblr-2930	600	6	investors	investor	NOUN
cblr-2930	600	7	invested	invest	VERB
cblr-2930	600	8	solely	solely	ADV
cblr-2930	600	9	through	through	ADP
cblr-2930	600	10	mutual	mutual	ADJ
cblr-2930	600	11	funds	fund	NOUN
cblr-2930	600	12	,	,	PUNCT
cblr-2930	600	13	the	the	DET
cblr-2930	600	14	competence	competence	NOUN
cblr-2930	600	15	of	of	ADP
cblr-2930	600	16	the	the	DET
cblr-2930	600	17	average	average	ADJ
cblr-2930	600	18	market	market	NOUN
cblr-2930	600	19	participant	participant	NOUN
cblr-2930	600	20	,	,	PUNCT
cblr-2930	600	21	by	by	ADP
cblr-2930	600	22	definition	definition	NOUN
cblr-2930	600	23	an	an	DET
cblr-2930	600	24	institutional	institutional	ADJ
cblr-2930	600	25	investor	investor	NOUN
cblr-2930	600	26	,	,	PUNCT
cblr-2930	600	27	would	would	AUX
cblr-2930	600	28	be	be	AUX
cblr-2930	600	29	higher	high	ADJ
cblr-2930	600	30	(	(	PUNCT
cblr-2930	600	31	and	and	CCONJ
cblr-2930	600	32	retail	retail	ADJ
cblr-2930	600	33	investors	investor	NOUN
cblr-2930	600	34	would	would	AUX
cblr-2930	600	35	n't	not	PART
cblr-2930	600	36	lose	lose	VERB
cblr-2930	600	37	as	as	ADV
cblr-2930	600	38	much	much	ADJ
cblr-2930	600	39	from	from	ADP
cblr-2930	600	40	trading	trade	VERB
cblr-2930	600	41	on	on	ADP
cblr-2930	600	42	noise	noise	NOUN
cblr-2930	600	43	)	)	PUNCT
cblr-2930	600	44	.	.	PUNCT
cblr-2930	601	1	at	at	ADP
cblr-2930	601	2	the	the	DET
cblr-2930	601	3	same	same	ADJ
cblr-2930	601	4	time	time	NOUN
cblr-2930	601	5	,	,	PUNCT
cblr-2930	601	6	however	however	ADV
cblr-2930	601	7	,	,	PUNCT
cblr-2930	601	8	there	there	PRON
cblr-2930	601	9	would	would	AUX
cblr-2930	601	10	be	be	AUX
cblr-2930	601	11	less	less	ADJ
cblr-2930	601	12	prediction	prediction	NOUN
cblr-2930	601	13	diversity	diversity	NOUN
cblr-2930	601	14	.	.	PUNCT
cblr-2930	602	1	gregory	gregory	PROPN
cblr-2930	602	2	la	la	PROPN
cblr-2930	602	3	blanc	blanc	PROPN
cblr-2930	602	4	and	and	CCONJ
cblr-2930	602	5	jeffrey	jeffrey	PROPN
cblr-2930	602	6	rachlinski	rachlinski	PROPN
cblr-2930	602	7	,	,	PUNCT
cblr-2930	602	8	in	in	ADP
cblr-2930	602	9	their	their	PRON
cblr-2930	602	10	paper	paper	NOUN
cblr-2930	602	11	in	in	ADP
cblr-2930	602	12	praise	praise	NOUN
cblr-2930	602	13	of	of	ADP
cblr-2930	602	14	investor	investor	NOUN
cblr-2930	602	15	irrationality	irrationality	NOUN
cblr-2930	602	16	,	,	PUNCT
cblr-2930	602	17	make	make	VERB
cblr-2930	602	18	essentially	essentially	ADV
cblr-2930	602	19	this	this	DET
cblr-2930	602	20	point	point	NOUN
cblr-2930	602	21	when	when	SCONJ
cblr-2930	602	22	they	they	PRON
cblr-2930	602	23	argue	argue	VERB
cblr-2930	602	24	that	that	SCONJ
cblr-2930	602	25	excluding	exclude	VERB
cblr-2930	602	26	noise	noise	NOUN
cblr-2930	602	27	traders	trader	NOUN
cblr-2930	602	28	could	could	AUX
cblr-2930	602	29	result	result	VERB
cblr-2930	602	30	in	in	ADP
cblr-2930	602	31	less	less	ADV
cblr-2930	602	32	accurate	accurate	ADJ
cblr-2930	602	33	prices	price	NOUN
cblr-2930	602	34	because	because	SCONJ
cblr-2930	602	35	in	in	ADP
cblr-2930	602	36	a	a	DET
cblr-2930	602	37	market	market	NOUN
cblr-2930	602	38	consisting	consist	VERB
cblr-2930	602	39	only	only	ADV
cblr-2930	602	40	of	of	ADP
cblr-2930	602	41	institutional	institutional	ADJ
cblr-2930	602	42	investors	investor	NOUN
cblr-2930	602	43	there	there	PRON
cblr-2930	602	44	would	would	AUX
cblr-2930	602	45	be	be	AUX
cblr-2930	602	46	a	a	DET
cblr-2930	602	47	greater	great	ADJ
cblr-2930	602	48	risk	risk	NOUN
cblr-2930	602	49	of	of	ADP
cblr-2930	602	50	correlated	correlate	VERB
cblr-2930	602	51	biases.9	biases.9	NOUN
cblr-2930	602	52	"	"	PUNCT
cblr-2930	602	53	the	the	DET
cblr-2930	602	54	competence	competence	NOUN
cblr-2930	602	55	of	of	ADP
cblr-2930	602	56	the	the	DET
cblr-2930	602	57	average	average	ADJ
cblr-2930	602	58	voter	voter	NOUN
cblr-2930	602	59	could	could	AUX
cblr-2930	602	60	,	,	PUNCT
cblr-2930	602	61	again	again	ADV
cblr-2930	602	62	from	from	ADP
cblr-2930	602	63	a	a	DET
cblr-2930	602	64	theoretical	theoretical	ADJ
cblr-2930	602	65	perspective	perspective	NOUN
cblr-2930	602	66	,	,	PUNCT
cblr-2930	602	67	similarly	similarly	ADV
cblr-2930	602	68	be	be	AUX
cblr-2930	602	69	increased	increase	VERB
cblr-2930	602	70	by	by	ADP
cblr-2930	602	71	excluding	exclude	VERB
cblr-2930	602	72	retail	retail	ADJ
cblr-2930	602	73	investors	investor	NOUN
cblr-2930	602	74	from	from	ADP
cblr-2930	602	75	corporate	corporate	ADJ
cblr-2930	602	76	governance	governance	NOUN
cblr-2930	602	77	.	.	PUNCT
cblr-2930	603	1	in	in	ADP
cblr-2930	603	2	a	a	DET
cblr-2930	603	3	way	way	NOUN
cblr-2930	603	4	,	,	PUNCT
cblr-2930	603	5	"	"	PUNCT
cblr-2930	603	6	see	see	VERB
cblr-2930	603	7	page	page	NOUN
cblr-2930	603	8	,	,	PUNCT
cblr-2930	603	9	supra	supra	PROPN
cblr-2930	603	10	note	note	NOUN
cblr-2930	603	11	41	41	NUM
cblr-2930	603	12	,	,	PUNCT
cblr-2930	603	13	at	at	ADP
cblr-2930	603	14	208	208	NUM
cblr-2930	603	15	;	;	PUNCT
cblr-2930	603	16	see	see	VERB
cblr-2930	603	17	also	also	ADV
cblr-2930	603	18	vermeule	vermeule	VERB
cblr-2930	603	19	,	,	PUNCT
cblr-2930	603	20	supra	supra	PROPN
cblr-2930	603	21	note	note	NOUN
cblr-2930	603	22	19	19	NUM
cblr-2930	603	23	,	,	PUNCT
cblr-2930	603	24	at	at	ADP
cblr-2930	603	25	24	24	NUM
cblr-2930	603	26	(	(	PUNCT
cblr-2930	603	27	noting	note	VERB
cblr-2930	603	28	that	that	SCONJ
cblr-2930	603	29	"	"	PUNCT
cblr-2930	603	30	[	[	X
cblr-2930	603	31	a	a	X
cblr-2930	603	32	]	]	X
cblr-2930	603	33	suitably	suitably	ADV
cblr-2930	603	34	specified	specify	VERB
cblr-2930	603	35	decision	decision	NOUN
cblr-2930	603	36	rule	rule	NOUN
cblr-2930	603	37	would	would	AUX
cblr-2930	603	38	,	,	PUNCT
cblr-2930	603	39	in	in	ADP
cblr-2930	603	40	principle	principle	NOUN
cblr-2930	603	41	,	,	PUNCT
cblr-2930	603	42	trade	trade	VERB
cblr-2930	603	43	off	off	ADP
cblr-2930	603	44	the	the	DET
cblr-2930	603	45	benefits	benefit	NOUN
cblr-2930	603	46	of	of	ADP
cblr-2930	603	47	increased	increase	VERB
cblr-2930	603	48	competence	competence	NOUN
cblr-2930	603	49	against	against	ADP
cblr-2930	603	50	the	the	DET
cblr-2930	603	51	costs	cost	NOUN
cblr-2930	603	52	of	of	ADP
cblr-2930	603	53	increased	increase	VERB
cblr-2930	603	54	correlation	correlation	NOUN
cblr-2930	603	55	,	,	PUNCT
cblr-2930	603	56	in	in	ADP
cblr-2930	603	57	order	order	NOUN
cblr-2930	603	58	to	to	PART
cblr-2930	603	59	maximize	maximize	VERB
cblr-2930	603	60	the	the	DET
cblr-2930	603	61	epistemic	epistemic	ADJ
cblr-2930	603	62	power	power	NOUN
cblr-2930	603	63	of	of	ADP
cblr-2930	603	64	the	the	DET
cblr-2930	603	65	notional	notional	ADJ
cblr-2930	603	66	group	group	NOUN
cblr-2930	603	67	whose	whose	DET
cblr-2930	603	68	majority	majority	NOUN
cblr-2930	603	69	view	view	NOUN
cblr-2930	603	70	is	be	AUX
cblr-2930	603	71	to	to	PART
cblr-2930	603	72	be	be	AUX
cblr-2930	603	73	taken	take	VERB
cblr-2930	603	74	into	into	ADP
cblr-2930	603	75	account	account	NOUN
cblr-2930	603	76	"	"	PUNCT
cblr-2930	603	77	)	)	PUNCT
cblr-2930	603	78	.	.	PUNCT
cblr-2930	604	1	9	9	NUM
cblr-2930	604	2	gregory	gregory	PROPN
cblr-2930	604	3	la	la	PROPN
cblr-2930	604	4	blanc	blanc	PROPN
cblr-2930	604	5	&	&	CCONJ
cblr-2930	604	6	jeffrey	jeffrey	PROPN
cblr-2930	604	7	j.	j.	PROPN
cblr-2930	604	8	rachlinski	rachlinski	PROPN
cblr-2930	604	9	,	,	PUNCT
cblr-2930	604	10	in	in	ADP
cblr-2930	604	11	praise	praise	NOUN
cblr-2930	604	12	of	of	ADP
cblr-2930	604	13	investor	investor	NOUN
cblr-2930	604	14	irrationality	irrationality	NOUN
cblr-2930	604	15	,	,	PUNCT
cblr-2930	604	16	in	in	ADP
cblr-2930	604	17	the	the	DET
cblr-2930	604	18	law	law	NOUN
cblr-2930	604	19	and	and	CCONJ
cblr-2930	604	20	economcs	economcs	NOUN
cblr-2930	604	21	of	of	ADP
cblr-2930	604	22	irrational	irrational	ADJ
cblr-2930	604	23	behavior	behavior	NOUN
cblr-2930	604	24	542	542	NUM
cblr-2930	604	25	,	,	PUNCT
cblr-2930	604	26	545	545	NUM
cblr-2930	604	27	,	,	PUNCT
cblr-2930	604	28	565	565	NUM
cblr-2930	604	29	-	-	SYM
cblr-2930	604	30	74	74	NUM
cblr-2930	604	31	(	(	PUNCT
cblr-2930	604	32	francesco	francesco	PROPN
cblr-2930	604	33	parisi	parisi	PROPN
cblr-2930	604	34	&	&	CCONJ
cblr-2930	604	35	vernon	vernon	PROPN
cblr-2930	604	36	l.	l.	PROPN
cblr-2930	604	37	smith	smith	PROPN
cblr-2930	604	38	eds	eds	PROPN
cblr-2930	604	39	.	.	PROPN
cblr-2930	604	40	,	,	PUNCT
cblr-2930	604	41	2005	2005	NUM
cblr-2930	604	42	)	)	PUNCT
cblr-2930	604	43	.	.	PUNCT
cblr-2930	605	1	mechanisms	mechanism	NOUN
cblr-2930	605	2	of	of	ADP
cblr-2930	605	3	yoting	yoting	ADJ
cblr-2930	605	4	efficiency	efficiency	NOUN
cblr-2930	605	5	801no	801no	NOUN
cblr-2930	605	6	.	.	PUNCT
cblr-2930	606	1	3:763]1	3:763]1	NUM
cblr-2930	606	2	discrimination	discrimination	NOUN
cblr-2930	606	3	by	by	ADP
cblr-2930	606	4	competence	competence	NOUN
cblr-2930	606	5	already	already	ADV
cblr-2930	606	6	takes	take	VERB
cblr-2930	606	7	place	place	NOUN
cblr-2930	606	8	when	when	SCONJ
cblr-2930	606	9	the	the	DET
cblr-2930	606	10	right	right	NOUN
cblr-2930	606	11	to	to	PART
cblr-2930	606	12	put	put	VERB
cblr-2930	606	13	items	item	NOUN
cblr-2930	606	14	on	on	ADP
cblr-2930	606	15	the	the	DET
cblr-2930	606	16	agenda	agenda	NOUN
cblr-2930	606	17	is	be	AUX
cblr-2930	606	18	restricted	restrict	VERB
cblr-2930	606	19	to	to	ADP
cblr-2930	606	20	large	large	ADJ
cblr-2930	606	21	shareholders	shareholder	NOUN
cblr-2930	606	22	.	.	PUNCT
cblr-2930	606	23	"	"	PUNCT
cblr-2930	607	1	more	more	ADV
cblr-2930	607	2	subtly	subtly	ADV
cblr-2930	607	3	,	,	PUNCT
cblr-2930	607	4	policymakers	policymaker	NOUN
cblr-2930	607	5	could	could	AUX
cblr-2930	607	6	discourage	discourage	VERB
cblr-2930	607	7	retail	retail	ADJ
cblr-2930	607	8	shareholder	shareholder	NOUN
cblr-2930	607	9	participation	participation	NOUN
cblr-2930	607	10	by	by	ADP
cblr-2930	607	11	allowing	allow	VERB
cblr-2930	607	12	practical	practical	ADJ
cblr-2930	607	13	barriers	barrier	NOUN
cblr-2930	607	14	to	to	ADP
cblr-2930	607	15	the	the	DET
cblr-2930	607	16	exercise	exercise	NOUN
cblr-2930	607	17	of	of	ADP
cblr-2930	607	18	voting	voting	NOUN
cblr-2930	607	19	rights	right	NOUN
cblr-2930	607	20	to	to	PART
cblr-2930	607	21	persist	persist	VERB
cblr-2930	607	22	.	.	PUNCT
cblr-2930	608	1	"oo	"oo	NOUN
cblr-2930	608	2	the	the	DET
cblr-2930	608	3	preceding	precede	VERB
cblr-2930	608	4	analysis	analysis	NOUN
cblr-2930	608	5	suggests	suggest	VERB
cblr-2930	608	6	that	that	SCONJ
cblr-2930	608	7	a	a	DET
cblr-2930	608	8	downside	downside	NOUN
cblr-2930	608	9	to	to	ADP
cblr-2930	608	10	such	such	DET
cblr-2930	608	11	a	a	DET
cblr-2930	608	12	policy	policy	NOUN
cblr-2930	608	13	would	would	AUX
cblr-2930	608	14	be	be	AUX
cblr-2930	608	15	that	that	DET
cblr-2930	608	16	prediction	prediction	NOUN
cblr-2930	608	17	diversity	diversity	NOUN
cblr-2930	608	18	is	be	AUX
cblr-2930	608	19	reduced	reduce	VERB
cblr-2930	608	20	.	.	PUNCT
cblr-2930	609	1	as	as	ADP
cblr-2930	609	2	a	a	DET
cblr-2930	609	3	consequence	consequence	NOUN
cblr-2930	609	4	,	,	PUNCT
cblr-2930	609	5	it	it	PRON
cblr-2930	609	6	is	be	AUX
cblr-2930	609	7	far	far	ADV
cblr-2930	609	8	from	from	ADP
cblr-2930	609	9	clear	clear	ADJ
cblr-2930	609	10	that	that	SCONJ
cblr-2930	609	11	shareholders	shareholder	NOUN
cblr-2930	609	12	as	as	ADP
cblr-2930	609	13	a	a	DET
cblr-2930	609	14	group	group	NOUN
cblr-2930	609	15	would	would	AUX
cblr-2930	609	16	be	be	AUX
cblr-2930	609	17	right	right	ADV
cblr-2930	609	18	more	more	ADV
cblr-2930	609	19	often	often	ADV
cblr-2930	609	20	,	,	PUNCT
cblr-2930	609	21	and	and	CCONJ
cblr-2930	609	22	there	there	PRON
cblr-2930	609	23	is	be	VERB
cblr-2930	609	24	even	even	ADV
cblr-2930	609	25	a	a	DET
cblr-2930	609	26	risk	risk	NOUN
cblr-2930	609	27	that	that	SCONJ
cblr-2930	609	28	on	on	ADP
cblr-2930	609	29	balance	balance	NOUN
cblr-2930	609	30	,	,	PUNCT
cblr-2930	609	31	epistemic	epistemic	ADJ
cblr-2930	609	32	quality	quality	NOUN
cblr-2930	609	33	would	would	AUX
cblr-2930	609	34	decrease	decrease	VERB
cblr-2930	609	35	.	.	PUNCT
cblr-2930	610	1	d.	d.	PROPN
cblr-2930	610	2	sincere	sincere	ADJ
cblr-2930	610	3	voting	vote	VERB
cblr-2930	610	4	the	the	DET
cblr-2930	610	5	three	three	NUM
cblr-2930	610	6	mechanisms	mechanism	NOUN
cblr-2930	610	7	above	above	ADV
cblr-2930	610	8	imply	imply	VERB
cblr-2930	610	9	that	that	SCONJ
cblr-2930	610	10	a	a	DET
cblr-2930	610	11	shareholder	shareholder	NOUN
cblr-2930	610	12	has	have	VERB
cblr-2930	610	13	some	some	DET
cblr-2930	610	14	information	information	NOUN
cblr-2930	610	15	,	,	PUNCT
cblr-2930	610	16	processes	process	VERB
cblr-2930	610	17	that	that	DET
cblr-2930	610	18	information	information	NOUN
cblr-2930	610	19	rationally	rationally	ADV
cblr-2930	610	20	,	,	PUNCT
cblr-2930	610	21	and	and	CCONJ
cblr-2930	610	22	independently	independently	ADV
cblr-2930	610	23	arrives	arrive	VERB
cblr-2930	610	24	at	at	ADP
cblr-2930	610	25	a	a	DET
cblr-2930	610	26	judgment	judgment	NOUN
cblr-2930	610	27	as	as	ADP
cblr-2930	610	28	to	to	ADP
cblr-2930	610	29	which	which	DET
cblr-2930	610	30	option	option	NOUN
cblr-2930	610	31	maximizes	maximize	VERB
cblr-2930	610	32	shareholder	shareholder	NOUN
cblr-2930	610	33	value	value	NOUN
cblr-2930	610	34	.	.	PUNCT
cblr-2930	611	1	these	these	DET
cblr-2930	611	2	mechanisms	mechanism	NOUN
cblr-2930	611	3	are	be	AUX
cblr-2930	611	4	completed	complete	VERB
cblr-2930	611	5	by	by	ADP
cblr-2930	611	6	a	a	DET
cblr-2930	611	7	fourth	fourth	ADJ
cblr-2930	611	8	and	and	CCONJ
cblr-2930	611	9	final	final	ADJ
cblr-2930	611	10	mechanism	mechanism	NOUN
cblr-2930	611	11	,	,	PUNCT
cblr-2930	611	12	which	which	PRON
cblr-2930	611	13	implies	imply	VERB
cblr-2930	611	14	that	that	SCONJ
cblr-2930	611	15	shareholders	shareholder	NOUN
cblr-2930	611	16	actually	actually	ADV
cblr-2930	611	17	vote	vote	VERB
cblr-2930	611	18	in	in	ADP
cblr-2930	611	19	accordance	accordance	NOUN
cblr-2930	611	20	with	with	ADP
cblr-2930	611	21	this	this	DET
cblr-2930	611	22	judgment	judgment	NOUN
cblr-2930	611	23	.	.	PUNCT
cblr-2930	612	1	when	when	SCONJ
cblr-2930	612	2	they	they	PRON
cblr-2930	612	3	do	do	VERB
cblr-2930	612	4	,	,	PUNCT
cblr-2930	612	5	they	they	PRON
cblr-2930	612	6	can	can	AUX
cblr-2930	612	7	be	be	AUX
cblr-2930	612	8	said	say	VERB
cblr-2930	612	9	to	to	PART
cblr-2930	612	10	vote	vote	VERB
cblr-2930	612	11	sincerely	sincerely	ADV
cblr-2930	612	12	.	.	PUNCT
cblr-2930	613	1	sincere	sincere	ADJ
cblr-2930	613	2	voting	voting	NOUN
cblr-2930	613	3	is	be	AUX
cblr-2930	613	4	by	by	ADP
cblr-2930	613	5	no	no	DET
cblr-2930	613	6	means	means	NOUN
cblr-2930	613	7	a	a	DET
cblr-2930	613	8	given	give	VERB
cblr-2930	613	9	.	.	PUNCT
cblr-2930	614	1	in	in	ADP
cblr-2930	614	2	this	this	DET
cblr-2930	614	3	section	section	NOUN
cblr-2930	614	4	,	,	PUNCT
cblr-2930	614	5	we	we	PRON
cblr-2930	614	6	address	address	VERB
cblr-2930	614	7	two	two	NUM
cblr-2930	614	8	variants	variant	NOUN
cblr-2930	614	9	of	of	ADP
cblr-2930	614	10	insincere	insincere	ADJ
cblr-2930	614	11	voting	voting	NOUN
cblr-2930	614	12	:	:	PUNCT
cblr-2930	614	13	conflicted	conflicted	ADJ
cblr-2930	614	14	voting	voting	NOUN
cblr-2930	614	15	and	and	CCONJ
cblr-2930	614	16	strategic	strategic	ADJ
cblr-2930	614	17	voting	voting	NOUN
cblr-2930	614	18	.	.	PUNCT
cblr-2930	615	1	1	1	X
cblr-2930	615	2	.	.	X
cblr-2930	615	3	conflicted	conflicted	ADJ
cblr-2930	615	4	voting	voting	NOUN
cblr-2930	615	5	so	so	ADV
cblr-2930	615	6	far	far	ADV
cblr-2930	615	7	we	we	PRON
cblr-2930	615	8	have	have	AUX
cblr-2930	615	9	assumed	assume	VERB
cblr-2930	615	10	that	that	SCONJ
cblr-2930	615	11	all	all	DET
cblr-2930	615	12	shareholders	shareholder	NOUN
cblr-2930	615	13	prefer	prefer	VERB
cblr-2930	615	14	the	the	DET
cblr-2930	615	15	same	same	ADJ
cblr-2930	615	16	outcome	outcome	NOUN
cblr-2930	615	17	,	,	PUNCT
cblr-2930	615	18	namely	namely	ADV
cblr-2930	615	19	the	the	DET
cblr-2930	615	20	outcome	outcome	NOUN
cblr-2930	615	21	that	that	PRON
cblr-2930	615	22	maximizes	maximize	VERB
cblr-2930	615	23	the	the	DET
cblr-2930	615	24	firm	firm	NOUN
cblr-2930	615	25	's	's	PART
cblr-2930	615	26	future	future	ADJ
cblr-2930	615	27	cash	cash	NOUN
cblr-2930	615	28	flows	flow	NOUN
cblr-2930	615	29	.	.	PUNCT
cblr-2930	616	1	under	under	ADP
cblr-2930	616	2	this	this	DET
cblr-2930	616	3	assumption	assumption	NOUN
cblr-2930	616	4	,	,	PUNCT
cblr-2930	616	5	shareholders	shareholder	NOUN
cblr-2930	616	6	merely	merely	ADV
cblr-2930	616	7	have	have	VERB
cblr-2930	616	8	different	different	ADJ
cblr-2930	616	9	judgments	judgment	NOUN
cblr-2930	616	10	on	on	ADP
cblr-2930	616	11	the	the	DET
cblr-2930	616	12	question	question	NOUN
cblr-2930	616	13	of	of	ADP
cblr-2930	616	14	what	what	PRON
cblr-2930	616	15	the	the	DET
cblr-2930	616	16	suitable	suitable	ADJ
cblr-2930	616	17	means	mean	NOUN
cblr-2930	616	18	are	be	AUX
cblr-2930	616	19	to	to	ADP
cblr-2930	616	20	achieving	achieve	VERB
cblr-2930	616	21	this	this	DET
cblr-2930	616	22	outcome	outcome	NOUN
cblr-2930	616	23	.	.	PUNCT
cblr-2930	617	1	in	in	ADP
cblr-2930	617	2	practice	practice	NOUN
cblr-2930	617	3	,	,	PUNCT
cblr-2930	617	4	however	however	ADV
cblr-2930	617	5	,	,	PUNCT
cblr-2930	617	6	shareholders	shareholder	NOUN
cblr-2930	617	7	may	may	AUX
cblr-2930	617	8	have	have	AUX
cblr-2930	617	9	"	"	PUNCT
cblr-2930	617	10	see	see	VERB
cblr-2930	617	11	,	,	PUNCT
cblr-2930	617	12	e.g.	e.g.	ADV
cblr-2930	617	13	,	,	PUNCT
cblr-2930	617	14	council	council	NOUN
cblr-2930	617	15	directive	directive	NOUN
cblr-2930	617	16	2007/36	2007/36	NUM
cblr-2930	617	17	,	,	PUNCT
cblr-2930	617	18	art	art	NOUN
cblr-2930	617	19	.	.	PUNCT
cblr-2930	618	1	6	6	NUM
cblr-2930	618	2	2007	2007	NUM
cblr-2930	618	3	o.j	o.j	PROPN
cblr-2930	618	4	.	.	PROPN
cblr-2930	618	5	(	(	PUNCT
cblr-2930	618	6	l184	l184	PROPN
cblr-2930	618	7	)	)	PUNCT
cblr-2930	618	8	17	17	NUM
cblr-2930	618	9	,	,	PUNCT
cblr-2930	618	10	21	21	NUM
cblr-2930	618	11	(	(	PUNCT
cblr-2930	618	12	eu	eu	PROPN
cblr-2930	618	13	)	)	PUNCT
cblr-2930	618	14	,	,	PUNCT
cblr-2930	618	15	available	available	ADJ
cblr-2930	618	16	at	at	ADP
cblr-2930	618	17	http//eur	http//eur	NOUN
cblr-2930	618	18	-	-	ADJ
cblr-2930	618	19	lex.europa.eu	lex.europa.eu	ADJ
cblr-2930	618	20	/	/	SYM
cblr-2930	618	21	en	en	NOUN
cblr-2930	618	22	/	/	SYM
cblr-2930	618	23	index.htm	index.htm	NOUN
cblr-2930	618	24	(	(	PUNCT
cblr-2930	618	25	allowing	allow	VERB
cblr-2930	618	26	member	member	NOUN
cblr-2930	618	27	states	state	NOUN
cblr-2930	618	28	to	to	PART
cblr-2930	618	29	require	require	VERB
cblr-2930	618	30	shareholders	shareholder	NOUN
cblr-2930	618	31	to	to	PART
cblr-2930	618	32	hold	hold	VERB
cblr-2930	618	33	a	a	DET
cblr-2930	618	34	minimum	minimum	ADJ
cblr-2930	618	35	stake	stake	NOUN
cblr-2930	618	36	of	of	ADP
cblr-2930	618	37	up	up	ADP
cblr-2930	618	38	to	to	PART
cblr-2930	618	39	five	five	NUM
cblr-2930	618	40	percent	percent	NOUN
cblr-2930	618	41	before	before	SCONJ
cblr-2930	618	42	they	they	PRON
cblr-2930	618	43	are	be	AUX
cblr-2930	618	44	entitled	entitle	VERB
cblr-2930	618	45	to	to	PART
cblr-2930	618	46	put	put	VERB
cblr-2930	618	47	an	an	DET
cblr-2930	618	48	item	item	NOUN
cblr-2930	618	49	on	on	ADP
cblr-2930	618	50	the	the	DET
cblr-2930	618	51	agenda	agenda	NOUN
cblr-2930	618	52	)	)	PUNCT
cblr-2930	618	53	.	.	PUNCT
cblr-2930	619	1	'	'	PUNCT
cblr-2930	619	2	see	see	VERB
cblr-2930	619	3	michael	michael	PROPN
cblr-2930	619	4	c.	c.	PROPN
cblr-2930	619	5	schouten	schouten	PROPN
cblr-2930	619	6	,	,	PUNCT
cblr-2930	619	7	the	the	DET
cblr-2930	619	8	political	political	ADJ
cblr-2930	619	9	economy	economy	NOUN
cblr-2930	619	10	of	of	ADP
cblr-2930	619	11	cross	cross	ADJ
cblr-2930	619	12	-	-	ADJ
cblr-2930	619	13	border	border	ADJ
cblr-2930	619	14	voting	voting	NOUN
cblr-2930	619	15	in	in	ADP
cblr-2930	619	16	europe	europe	PROPN
cblr-2930	619	17	,	,	PUNCT
cblr-2930	619	18	16	16	NUM
cblr-2930	619	19	colum	colum	NOUN
cblr-2930	619	20	.	.	PUNCT
cblr-2930	620	1	j.	j.	PROPN
cblr-2930	620	2	eur	eur	PROPN
cblr-2930	620	3	.	.	PUNCT
cblr-2930	621	1	l.	l.	PROPN
cblr-2930	621	2	1	1	NUM
cblr-2930	621	3	,	,	PUNCT
cblr-2930	621	4	11	11	NUM
cblr-2930	621	5	(	(	PUNCT
cblr-2930	621	6	2009	2009	NUM
cblr-2930	621	7	)	)	PUNCT
cblr-2930	621	8	(	(	PUNCT
cblr-2930	621	9	discussing	discuss	VERB
cblr-2930	621	10	barriers	barrier	NOUN
cblr-2930	621	11	to	to	ADP
cblr-2930	621	12	cross	cross	ADJ
cblr-2930	621	13	-	-	ADJ
cblr-2930	621	14	border	border	ADJ
cblr-2930	621	15	voting	voting	NOUN
cblr-2930	621	16	in	in	ADP
cblr-2930	621	17	europe	europe	PROPN
cblr-2930	621	18	and	and	CCONJ
cblr-2930	621	19	offering	offer	VERB
cblr-2930	621	20	an	an	DET
cblr-2930	621	21	interest	interest	NOUN
cblr-2930	621	22	group	group	NOUN
cblr-2930	621	23	explanation	explanation	NOUN
cblr-2930	621	24	for	for	ADP
cblr-2930	621	25	policymakers	policymaker	NOUN
cblr-2930	621	26	'	'	PART
cblr-2930	621	27	failure	failure	NOUN
cblr-2930	621	28	to	to	PART
cblr-2930	621	29	remove	remove	VERB
cblr-2930	621	30	these	these	DET
cblr-2930	621	31	barriers	barrier	NOUN
cblr-2930	621	32	)	)	PUNCT
cblr-2930	621	33	.	.	PUNCT
cblr-2930	622	1	[	[	X
cblr-2930	622	2	vol	vol	NOUN
cblr-2930	622	3	.	.	PUNCT
cblr-2930	622	4	2010802	2010802	NUM
cblr-2930	622	5	col	col	PROPN
cblr-2930	622	6	umia	umia	PROPN
cblr-2930	622	7	b	b	PROPN
cblr-2930	622	8	usiness	usiness	PROPN
cblr-2930	622	9	la	la	PROPN
cblr-2930	622	10	w	w	PROPN
cblr-2930	622	11	re	re	PROPN
cblr-2930	622	12	vie	vie	PROPN
cblr-2930	622	13	w	w	PROPN
cblr-2930	622	14	heterogeneous	heterogeneous	ADJ
cblr-2930	622	15	preferences	preference	NOUN
cblr-2930	622	16	.	.	PUNCT
cblr-2930	623	1	conflicted	conflicted	ADJ
cblr-2930	623	2	voting	voting	NOUN
cblr-2930	623	3	occurs	occur	VERB
cblr-2930	623	4	when	when	SCONJ
cblr-2930	623	5	a	a	DET
cblr-2930	623	6	shareholder	shareholder	NOUN
cblr-2930	623	7	votes	vote	VERB
cblr-2930	623	8	with	with	ADP
cblr-2930	623	9	the	the	DET
cblr-2930	623	10	purpose	purpose	NOUN
cblr-2930	623	11	of	of	ADP
cblr-2930	623	12	satisfying	satisfy	VERB
cblr-2930	623	13	preferences	preference	NOUN
cblr-2930	623	14	that	that	PRON
cblr-2930	623	15	are	be	AUX
cblr-2930	623	16	different	different	ADJ
cblr-2930	623	17	from	from	ADP
cblr-2930	623	18	the	the	DET
cblr-2930	623	19	common	common	ADJ
cblr-2930	623	20	preference	preference	NOUN
cblr-2930	623	21	to	to	PART
cblr-2930	623	22	maximize	maximize	VERB
cblr-2930	623	23	future	future	ADJ
cblr-2930	623	24	cash	cash	NOUN
cblr-2930	623	25	flows	flow	NOUN
cblr-2930	623	26	.	.	PUNCT
cblr-2930	624	1	a	a	DET
cblr-2930	624	2	benign	benign	ADJ
cblr-2930	624	3	case	case	NOUN
cblr-2930	624	4	of	of	ADP
cblr-2930	624	5	conflicted	conflicted	ADJ
cblr-2930	624	6	voting	voting	NOUN
cblr-2930	624	7	is	be	AUX
cblr-2930	624	8	the	the	DET
cblr-2930	624	9	use	use	NOUN
cblr-2930	624	10	of	of	ADP
cblr-2930	624	11	the	the	DET
cblr-2930	624	12	voting	voting	NOUN
cblr-2930	624	13	right	right	NOUN
cblr-2930	624	14	to	to	PART
cblr-2930	624	15	express	express	VERB
cblr-2930	624	16	concern	concern	NOUN
cblr-2930	624	17	over	over	ADP
cblr-2930	624	18	the	the	DET
cblr-2930	624	19	well	well	ADV
cblr-2930	624	20	-	-	PUNCT
cblr-2930	624	21	being	being	NOUN
cblr-2930	624	22	of	of	ADP
cblr-2930	624	23	others	other	NOUN
cblr-2930	624	24	.	.	PUNCT
cblr-2930	625	1	in	in	ADP
cblr-2930	625	2	the	the	DET
cblr-2930	625	3	1980s	1980s	NUM
cblr-2930	625	4	,	,	PUNCT
cblr-2930	625	5	for	for	ADP
cblr-2930	625	6	example	example	NOUN
cblr-2930	625	7	,	,	PUNCT
cblr-2930	625	8	shareholders	shareholder	NOUN
cblr-2930	625	9	used	use	VERB
cblr-2930	625	10	precatory	precatory	ADJ
cblr-2930	625	11	votes	vote	NOUN
cblr-2930	625	12	to	to	PART
cblr-2930	625	13	discourage	discourage	VERB
cblr-2930	625	14	firms	firm	NOUN
cblr-2930	625	15	from	from	ADP
cblr-2930	625	16	doing	do	VERB
cblr-2930	625	17	business	business	NOUN
cblr-2930	625	18	in	in	ADP
cblr-2930	625	19	south	south	PROPN
cblr-2930	625	20	africa	africa	PROPN
cblr-2930	625	21	,	,	PUNCT
cblr-2930	625	22	which	which	PRON
cblr-2930	625	23	at	at	ADP
cblr-2930	625	24	that	that	DET
cblr-2930	625	25	time	time	NOUN
cblr-2930	625	26	was	be	AUX
cblr-2930	625	27	suffering	suffer	VERB
cblr-2930	625	28	under	under	ADP
cblr-2930	625	29	the	the	DET
cblr-2930	625	30	apartheid	apartheid	NOUN
cblr-2930	625	31	regime	regime	NOUN
cblr-2930	625	32	.	.	PUNCT
cblr-2930	626	1	'0	'0	X
cblr-2930	626	2	'	'	PART
cblr-2930	626	3	even	even	ADV
cblr-2930	626	4	shareholders	shareholder	NOUN
cblr-2930	626	5	of	of	ADP
cblr-2930	626	6	the	the	DET
cblr-2930	626	7	world	world	NOUN
cblr-2930	626	8	's	's	PART
cblr-2930	626	9	first	first	ADJ
cblr-2930	626	10	firm	firm	NOUN
cblr-2930	626	11	with	with	ADP
cblr-2930	626	12	dispersed	disperse	VERB
cblr-2930	626	13	ownership	ownership	NOUN
cblr-2930	626	14	,	,	PUNCT
cblr-2930	626	15	the	the	DET
cblr-2930	626	16	seventeenth	seventeenth	ADJ
cblr-2930	626	17	century	century	PROPN
cblr-2930	626	18	dutch	dutch	PROPN
cblr-2930	626	19	east	east	PROPN
cblr-2930	626	20	-	-	PUNCT
cblr-2930	626	21	india	india	PROPN
cblr-2930	626	22	company	company	PROPN
cblr-2930	626	23	(	(	PUNCT
cblr-2930	626	24	the	the	DET
cblr-2930	626	25	voc	voc	NOUN
cblr-2930	626	26	)	)	PUNCT
cblr-2930	626	27	,	,	PUNCT
cblr-2930	626	28	showed	show	VERB
cblr-2930	626	29	signs	sign	NOUN
cblr-2930	626	30	of	of	ADP
cblr-2930	626	31	what	what	PRON
cblr-2930	626	32	behavioral	behavioral	ADJ
cblr-2930	626	33	economists	economist	NOUN
cblr-2930	626	34	now	now	ADV
cblr-2930	626	35	refer	refer	VERB
cblr-2930	626	36	to	to	ADP
cblr-2930	626	37	as	as	ADP
cblr-2930	626	38	bounded	bounded	ADJ
cblr-2930	626	39	self	self	NOUN
cblr-2930	626	40	-	-	PUNCT
cblr-2930	626	41	interest	interest	NOUN
cblr-2930	626	42	.	.	PUNCT
cblr-2930	627	1	niall	niall	PROPN
cblr-2930	627	2	ferguson	ferguson	PROPN
cblr-2930	627	3	relates	relate	VERB
cblr-2930	627	4	how	how	SCONJ
cblr-2930	627	5	much	much	ADJ
cblr-2930	627	6	of	of	ADP
cblr-2930	627	7	the	the	DET
cblr-2930	627	8	voc	voc	NOUN
cblr-2930	627	9	's	's	PART
cblr-2930	627	10	success	success	NOUN
cblr-2930	627	11	depended	depend	VERB
cblr-2930	627	12	on	on	ADP
cblr-2930	627	13	the	the	DET
cblr-2930	627	14	outcome	outcome	NOUN
cblr-2930	627	15	of	of	ADP
cblr-2930	627	16	its	its	PRON
cblr-2930	627	17	battles	battle	NOUN
cblr-2930	627	18	with	with	ADP
cblr-2930	627	19	the	the	DET
cblr-2930	627	20	spanish	spanish	ADJ
cblr-2930	627	21	and	and	CCONJ
cblr-2930	627	22	the	the	DET
cblr-2930	627	23	portuguese	portuguese	NOUN
cblr-2930	627	24	,	,	PUNCT
cblr-2930	627	25	and	and	CCONJ
cblr-2930	627	26	that	that	SCONJ
cblr-2930	627	27	by	by	ADP
cblr-2930	627	28	the	the	DET
cblr-2930	627	29	time	time	NOUN
cblr-2930	627	30	a	a	DET
cblr-2930	627	31	truce	truce	NOUN
cblr-2930	627	32	was	be	AUX
cblr-2930	627	33	signed	sign	VERB
cblr-2930	627	34	with	with	ADP
cblr-2930	627	35	spain	spain	PROPN
cblr-2930	627	36	in	in	ADP
cblr-2930	627	37	1608	1608	NUM
cblr-2930	627	38	,	,	PUNCT
cblr-2930	627	39	the	the	DET
cblr-2930	627	40	voc	voc	NOUN
cblr-2930	627	41	had	have	AUX
cblr-2930	627	42	made	make	VERB
cblr-2930	627	43	more	more	ADJ
cblr-2930	627	44	money	money	NOUN
cblr-2930	627	45	from	from	ADP
cblr-2930	627	46	capturing	capture	VERB
cblr-2930	627	47	enemy	enemy	NOUN
cblr-2930	627	48	vessels	vessel	NOUN
cblr-2930	627	49	than	than	ADP
cblr-2930	627	50	from	from	ADP
cblr-2930	627	51	trade.10	trade.10	NOUN
cblr-2930	627	52	2	2	NUM
cblr-2930	627	53	apparently	apparently	ADV
cblr-2930	627	54	,	,	PUNCT
cblr-2930	627	55	a	a	DET
cblr-2930	627	56	major	major	ADJ
cblr-2930	627	57	shareholder	shareholder	NOUN
cblr-2930	627	58	named	name	VERB
cblr-2930	627	59	pieter	pieter	NOUN
cblr-2930	627	60	lijntjens	lijntjens	AUX
cblr-2930	627	61	"	"	PUNCT
cblr-2930	627	62	was	be	AUX
cblr-2930	627	63	so	so	ADV
cblr-2930	627	64	dismayed	dismayed	ADJ
cblr-2930	627	65	by	by	ADP
cblr-2930	627	66	the	the	DET
cblr-2930	627	67	company	company	NOUN
cblr-2930	627	68	's	's	PART
cblr-2930	627	69	warlike	warlike	ADJ
cblr-2930	627	70	conduct	conduct	NOUN
cblr-2930	627	71	that	that	SCONJ
cblr-2930	627	72	he	he	PRON
cblr-2930	627	73	withdrew	withdraw	VERB
cblr-2930	627	74	from	from	ADP
cblr-2930	627	75	the	the	DET
cblr-2930	627	76	company	company	NOUN
cblr-2930	627	77	in	in	ADP
cblr-2930	627	78	1605."ies	1605."ies	NUM
cblr-2930	627	79	in	in	ADP
cblr-2930	627	80	the	the	DET
cblr-2930	627	81	greater	great	ADJ
cblr-2930	627	82	scheme	scheme	NOUN
cblr-2930	627	83	of	of	ADP
cblr-2930	627	84	things	thing	NOUN
cblr-2930	627	85	,	,	PUNCT
cblr-2930	627	86	it	it	PRON
cblr-2930	627	87	is	be	AUX
cblr-2930	627	88	encouraging	encouraging	ADJ
cblr-2930	627	89	that	that	SCONJ
cblr-2930	627	90	some	some	DET
cblr-2930	627	91	shareholders	shareholder	NOUN
cblr-2930	627	92	use	use	VERB
cblr-2930	627	93	the	the	DET
cblr-2930	627	94	voting	voting	NOUN
cblr-2930	627	95	right	right	NOUN
cblr-2930	627	96	to	to	PART
cblr-2930	627	97	express	express	VERB
cblr-2930	627	98	concern	concern	NOUN
cblr-2930	627	99	over	over	ADP
cblr-2930	627	100	the	the	DET
cblr-2930	627	101	well	well	ADV
cblr-2930	627	102	-	-	PUNCT
cblr-2930	627	103	being	being	NOUN
cblr-2930	627	104	of	of	ADP
cblr-2930	627	105	others	other	NOUN
cblr-2930	627	106	.	.	PUNCT
cblr-2930	628	1	but	but	CCONJ
cblr-2930	628	2	to	to	ADP
cblr-2930	628	3	the	the	DET
cblr-2930	628	4	extent	extent	NOUN
cblr-2930	628	5	that	that	SCONJ
cblr-2930	628	6	the	the	DET
cblr-2930	628	7	efficiency	efficiency	NOUN
cblr-2930	628	8	of	of	ADP
cblr-2930	628	9	shareholder	shareholder	NOUN
cblr-2930	628	10	voting	voting	NOUN
cblr-2930	628	11	is	be	AUX
cblr-2930	628	12	measured	measure	VERB
cblr-2930	628	13	in	in	ADP
cblr-2930	628	14	terms	term	NOUN
cblr-2930	628	15	of	of	ADP
cblr-2930	628	16	shareholder	shareholder	NOUN
cblr-2930	628	17	value	value	NOUN
cblr-2930	628	18	maximization	maximization	NOUN
cblr-2930	628	19	,	,	PUNCT
cblr-2930	628	20	it	it	PRON
cblr-2930	628	21	may	may	AUX
cblr-2930	628	22	be	be	AUX
cblr-2930	628	23	problematic	problematic	ADJ
cblr-2930	628	24	.	.	PUNCT
cblr-2930	629	1	when	when	SCONJ
cblr-2930	629	2	the	the	DET
cblr-2930	629	3	policy	policy	NOUN
cblr-2930	629	4	measure	measure	NOUN
cblr-2930	629	5	proposed	propose	VERB
cblr-2930	629	6	to	to	PART
cblr-2930	629	7	promote	promote	VERB
cblr-2930	629	8	the	the	DET
cblr-2930	629	9	well	well	ADV
cblr-2930	629	10	-	-	PUNCT
cblr-2930	629	11	being	being	NOUN
cblr-2930	629	12	of	of	ADP
cblr-2930	629	13	others	other	NOUN
cblr-2930	629	14	is	be	AUX
cblr-2930	629	15	detrimental	detrimental	ADJ
cblr-2930	629	16	to	to	ADP
cblr-2930	629	17	shareholder	shareholder	NOUN
cblr-2930	629	18	value	value	NOUN
cblr-2930	629	19	,	,	PUNCT
cblr-2930	629	20	the	the	DET
cblr-2930	629	21	probability	probability	NOUN
cblr-2930	629	22	that	that	SCONJ
cblr-2930	629	23	shareholders	shareholder	NOUN
cblr-2930	629	24	who	who	PRON
cblr-2930	629	25	are	be	AUX
cblr-2930	629	26	sympathetic	sympathetic	ADJ
cblr-2930	629	27	to	to	ADP
cblr-2930	629	28	the	the	DET
cblr-2930	629	29	measure	measure	NOUN
cblr-2930	629	30	will	will	AUX
cblr-2930	629	31	vote	vote	VERB
cblr-2930	629	32	for	for	ADP
cblr-2930	629	33	the	the	DET
cblr-2930	629	34	'	'	PUNCT
cblr-2930	629	35	correct	correct	ADJ
cblr-2930	629	36	'	'	PUNCT
cblr-2930	629	37	option	option	NOUN
cblr-2930	629	38	will	will	AUX
cblr-2930	629	39	be	be	AUX
cblr-2930	629	40	lower	low	ADJ
cblr-2930	629	41	than	than	ADP
cblr-2930	629	42	0.5	0.5	NUM
cblr-2930	629	43	.	.	PUNCT
cblr-2930	630	1	the	the	DET
cblr-2930	630	2	jury	jury	NOUN
cblr-2930	630	3	theorem	theorem	VERB
cblr-2930	630	4	(	(	PUNCT
cblr-2930	630	5	and	and	CCONJ
cblr-2930	630	6	simple	simple	ADJ
cblr-2930	630	7	logic	logic	NOUN
cblr-2930	630	8	)	)	PUNCT
cblr-2930	630	9	predicts	predict	VERB
cblr-2930	630	10	that	that	SCONJ
cblr-2930	630	11	adding	add	VERB
cblr-2930	630	12	more	more	ADJ
cblr-2930	630	13	shareholders	shareholder	NOUN
cblr-2930	630	14	of	of	ADP
cblr-2930	630	15	this	this	DET
cblr-2930	630	16	kind	kind	NOUN
cblr-2930	630	17	will	will	AUX
cblr-2930	630	18	increase	increase	VERB
cblr-2930	630	19	the	the	DET
cblr-2930	630	20	probability	probability	NOUN
cblr-2930	630	21	that	that	SCONJ
cblr-2930	630	22	a	a	DET
cblr-2930	630	23	majority	majority	NOUN
cblr-2930	630	24	of	of	ADP
cblr-2930	630	25	the	the	DET
cblr-2930	630	26	shares	share	NOUN
cblr-2930	630	27	is	be	AUX
cblr-2930	630	28	voted	vote	VERB
cblr-2930	630	29	for	for	ADP
cblr-2930	630	30	the	the	DET
cblr-2930	630	31	"	"	PUNCT
cblr-2930	630	32	incorrect	incorrect	ADJ
cblr-2930	630	33	"	"	PUNCT
cblr-2930	630	34	option	option	NOUN
cblr-2930	630	35	.	.	PUNCT
cblr-2930	631	1	101	101	NUM
cblr-2930	631	2	for	for	ADP
cblr-2930	631	3	a	a	DET
cblr-2930	631	4	survey	survey	NOUN
cblr-2930	631	5	of	of	ADP
cblr-2930	631	6	the	the	DET
cblr-2930	631	7	literature	literature	NOUN
cblr-2930	631	8	on	on	ADP
cblr-2930	631	9	social	social	ADJ
cblr-2930	631	10	activism	activism	NOUN
cblr-2930	631	11	,	,	PUNCT
cblr-2930	631	12	see	see	VERB
cblr-2930	631	13	david	david	PROPN
cblr-2930	631	14	yermack	yermack	PROPN
cblr-2930	631	15	,	,	PUNCT
cblr-2930	631	16	shareholder	shareholder	NOUN
cblr-2930	631	17	voting	voting	NOUN
cblr-2930	631	18	and	and	CCONJ
cblr-2930	631	19	corporate	corporate	ADJ
cblr-2930	631	20	governance	governance	NOUN
cblr-2930	631	21	,	,	PUNCT
cblr-2930	631	22	2	2	NUM
cblr-2930	631	23	ann	ann	PROPN
cblr-2930	631	24	.	.	PUNCT
cblr-2930	632	1	rev	rev	PROPN
cblr-2930	632	2	.	.	PROPN
cblr-2930	633	1	fin	fin	PROPN
cblr-2930	633	2	.	.	PUNCT
cblr-2930	634	1	econ	econ	PROPN
cblr-2930	634	2	.	.	PUNCT
cblr-2930	635	1	(	(	PUNCT
cblr-2930	635	2	forthcoming	forthcoming	ADJ
cblr-2930	635	3	2010	2010	NUM
cblr-2930	635	4	)	)	PUNCT
cblr-2930	635	5	.	.	PUNCT
cblr-2930	636	1	102	102	NUM
cblr-2930	636	2	ferguson	ferguson	NOUN
cblr-2930	636	3	,	,	PUNCT
cblr-2930	636	4	supra	supra	PROPN
cblr-2930	636	5	note	note	PROPN
cblr-2930	636	6	21	21	NUM
cblr-2930	636	7	,	,	PUNCT
cblr-2930	636	8	at	at	ADP
cblr-2930	636	9	131	131	NUM
cblr-2930	636	10	.	.	PUNCT
cblr-2930	636	11	10	10	NUM
cblr-2930	637	1	i	i	PRON
cblr-2930	637	2	d.	d.	PROPN
cblr-2930	637	3	803	803	NUM
cblr-2930	637	4	no	no	INTJ
cblr-2930	637	5	.	.	PUNCT
cblr-2930	638	1	3:763	3:763	NUM
cblr-2930	638	2	]	]	PUNCT
cblr-2930	638	3	mechanisms	mechanism	NOUN
cblr-2930	638	4	of	of	ADP
cblr-2930	638	5	voting	voting	NOUN
cblr-2930	638	6	efficiency	efficiency	NOUN
cblr-2930	638	7	columbia	columbia	PROPN
cblr-2930	638	8	business	business	PROPN
cblr-2930	638	9	law	law	PROPN
cblr-2930	638	10	review	review	VERB
cblr-2930	638	11	the	the	DET
cblr-2930	638	12	nature	nature	NOUN
cblr-2930	638	13	of	of	ADP
cblr-2930	638	14	this	this	DET
cblr-2930	638	15	problem	problem	NOUN
cblr-2930	638	16	becomes	become	VERB
cblr-2930	638	17	more	more	ADV
cblr-2930	638	18	pronounced	pronounced	ADJ
cblr-2930	638	19	when	when	SCONJ
cblr-2930	638	20	we	we	PRON
cblr-2930	638	21	consider	consider	VERB
cblr-2930	638	22	a	a	DET
cblr-2930	638	23	less	less	ADV
cblr-2930	638	24	benign	benign	ADJ
cblr-2930	638	25	case	case	NOUN
cblr-2930	638	26	of	of	ADP
cblr-2930	638	27	conflicted	conflicted	ADJ
cblr-2930	638	28	voting	voting	NOUN
cblr-2930	638	29	:	:	PUNCT
cblr-2930	638	30	shareholders	shareholder	NOUN
cblr-2930	638	31	'	'	PART
cblr-2930	638	32	use	use	NOUN
cblr-2930	638	33	of	of	ADP
cblr-2930	638	34	the	the	DET
cblr-2930	638	35	voting	voting	NOUN
cblr-2930	638	36	right	right	NOUN
cblr-2930	638	37	to	to	PART
cblr-2930	638	38	satisfy	satisfy	VERB
cblr-2930	638	39	their	their	PRON
cblr-2930	638	40	private	private	ADJ
cblr-2930	638	41	interests	interest	NOUN
cblr-2930	638	42	.	.	PUNCT
cblr-2930	639	1	in	in	ADP
cblr-2930	639	2	firms	firm	NOUN
cblr-2930	639	3	with	with	ADP
cblr-2930	639	4	concentrated	concentrated	ADJ
cblr-2930	639	5	ownership	ownership	NOUN
cblr-2930	639	6	,	,	PUNCT
cblr-2930	639	7	a	a	DET
cblr-2930	639	8	controlling	control	VERB
cblr-2930	639	9	shareholder	shareholder	NOUN
cblr-2930	639	10	might	might	AUX
cblr-2930	639	11	,	,	PUNCT
cblr-2930	639	12	for	for	ADP
cblr-2930	639	13	example	example	NOUN
cblr-2930	639	14	,	,	PUNCT
cblr-2930	639	15	vote	vote	NOUN
cblr-2930	639	16	to	to	PART
cblr-2930	639	17	approve	approve	VERB
cblr-2930	639	18	a	a	DET
cblr-2930	639	19	related	relate	VERB
cblr-2930	639	20	party	party	NOUN
cblr-2930	639	21	transaction	transaction	NOUN
cblr-2930	639	22	that	that	PRON
cblr-2930	639	23	is	be	AUX
cblr-2930	639	24	not	not	PART
cblr-2930	639	25	entered	enter	VERB
cblr-2930	639	26	into	into	ADP
cblr-2930	639	27	at	at	ADP
cblr-2930	639	28	arm	arm	NOUN
cblr-2930	639	29	's	's	PART
cblr-2930	639	30	length	length	NOUN
cblr-2930	639	31	,	,	PUNCT
cblr-2930	639	32	or	or	CCONJ
cblr-2930	639	33	vote	vote	VERB
cblr-2930	639	34	to	to	PART
cblr-2930	639	35	appoint	appoint	VERB
cblr-2930	639	36	a	a	DET
cblr-2930	639	37	director	director	NOUN
cblr-2930	639	38	loyal	loyal	ADJ
cblr-2930	639	39	to	to	ADP
cblr-2930	639	40	the	the	DET
cblr-2930	639	41	controlling	control	VERB
cblr-2930	639	42	shareholder	shareholder	NOUN
cblr-2930	639	43	's	's	PART
cblr-2930	639	44	interests	interest	NOUN
cblr-2930	639	45	rather	rather	ADV
cblr-2930	639	46	than	than	ADP
cblr-2930	639	47	to	to	ADP
cblr-2930	639	48	the	the	DET
cblr-2930	639	49	general	general	ADJ
cblr-2930	639	50	interest	interest	NOUN
cblr-2930	639	51	of	of	ADP
cblr-2930	639	52	shareholders	shareholder	NOUN
cblr-2930	639	53	.	.	PUNCT
cblr-2930	640	1	even	even	ADV
cblr-2930	640	2	in	in	ADP
cblr-2930	640	3	firms	firm	NOUN
cblr-2930	640	4	with	with	ADP
cblr-2930	640	5	dispersed	disperse	VERB
cblr-2930	640	6	ownership	ownership	NOUN
cblr-2930	640	7	,	,	PUNCT
cblr-2930	640	8	individual	individual	ADJ
cblr-2930	640	9	shareholders	shareholder	NOUN
cblr-2930	640	10	may	may	AUX
cblr-2930	640	11	vote	vote	VERB
cblr-2930	640	12	to	to	PART
cblr-2930	640	13	satisfy	satisfy	VERB
cblr-2930	640	14	their	their	PRON
cblr-2930	640	15	private	private	ADJ
cblr-2930	640	16	interests	interest	NOUN
cblr-2930	640	17	,	,	PUNCT
cblr-2930	640	18	resulting	result	VERB
cblr-2930	640	19	in	in	ADP
cblr-2930	640	20	intra	intra	ADJ
cblr-2930	640	21	-	-	ADJ
cblr-2930	640	22	shareholder	shareholder	NOUN
cblr-2930	640	23	conflicts	conflict	NOUN
cblr-2930	640	24	.	.	PUNCT
cblr-2930	641	1	there	there	PRON
cblr-2930	641	2	is	be	VERB
cblr-2930	641	3	an	an	DET
cblr-2930	641	4	emerging	emerge	VERB
cblr-2930	641	5	body	body	NOUN
cblr-2930	641	6	of	of	ADP
cblr-2930	641	7	literature	literature	NOUN
cblr-2930	641	8	addressing	address	VERB
cblr-2930	641	9	these	these	DET
cblr-2930	641	10	conflicts	conflict	NOUN
cblr-2930	641	11	,	,	PUNCT
cblr-2930	641	12	and	and	CCONJ
cblr-2930	641	13	it	it	PRON
cblr-2930	641	14	is	be	AUX
cblr-2930	641	15	therefore	therefore	ADV
cblr-2930	641	16	not	not	PART
cblr-2930	641	17	necessary	necessary	ADJ
cblr-2930	641	18	to	to	PART
cblr-2930	641	19	describe	describe	VERB
cblr-2930	641	20	them	they	PRON
cblr-2930	641	21	here	here	ADV
cblr-2930	641	22	in	in	ADP
cblr-2930	641	23	detail.104	detail.104	NOUN
cblr-2930	641	24	by	by	ADP
cblr-2930	641	25	way	way	NOUN
cblr-2930	641	26	of	of	ADP
cblr-2930	641	27	example	example	NOUN
cblr-2930	641	28	,	,	PUNCT
cblr-2930	641	29	consider	consider	VERB
cblr-2930	641	30	the	the	DET
cblr-2930	641	31	potential	potential	ADJ
cblr-2930	641	32	conflicts	conflict	NOUN
cblr-2930	641	33	of	of	ADP
cblr-2930	641	34	interest	interest	NOUN
cblr-2930	641	35	arising	arise	VERB
cblr-2930	641	36	between	between	ADP
cblr-2930	641	37	states	state	NOUN
cblr-2930	641	38	as	as	ADP
cblr-2930	641	39	shareholders	shareholder	NOUN
cblr-2930	641	40	and	and	CCONJ
cblr-2930	641	41	ordinary	ordinary	ADJ
cblr-2930	641	42	shareholders	shareholder	NOUN
cblr-2930	641	43	.	.	PUNCT
cblr-2930	642	1	a	a	DET
cblr-2930	642	2	few	few	ADJ
cblr-2930	642	3	years	year	NOUN
cblr-2930	642	4	ago	ago	ADV
cblr-2930	642	5	,	,	PUNCT
cblr-2930	642	6	commentators	commentator	NOUN
cblr-2930	642	7	expressed	express	VERB
cblr-2930	642	8	concerns	concern	NOUN
cblr-2930	642	9	about	about	ADP
cblr-2930	642	10	the	the	DET
cblr-2930	642	11	rise	rise	NOUN
cblr-2930	642	12	of	of	ADP
cblr-2930	642	13	"	"	PUNCT
cblr-2930	642	14	sovereign	sovereign	ADJ
cblr-2930	642	15	wealth	wealth	NOUN
cblr-2930	642	16	funds	fund	NOUN
cblr-2930	642	17	,	,	PUNCT
cblr-2930	642	18	"	"	PUNCT
cblr-2930	642	19	fearing	fear	VERB
cblr-2930	642	20	they	they	PRON
cblr-2930	642	21	may	may	AUX
cblr-2930	642	22	be	be	AUX
cblr-2930	642	23	driven	drive	VERB
cblr-2930	642	24	by	by	ADP
cblr-2930	642	25	strategic	strategic	ADJ
cblr-2930	642	26	rather	rather	ADV
cblr-2930	642	27	than	than	ADP
cblr-2930	642	28	financial	financial	ADJ
cblr-2930	642	29	motives	motive	NOUN
cblr-2930	642	30	.	.	PUNCT
cblr-2930	643	1	'0	'0	VERB
cblr-2930	643	2	the	the	DET
cblr-2930	643	3	concern	concern	NOUN
cblr-2930	643	4	was	be	AUX
cblr-2930	643	5	that	that	SCONJ
cblr-2930	643	6	,	,	PUNCT
cblr-2930	643	7	for	for	ADP
cblr-2930	643	8	example	example	NOUN
cblr-2930	643	9	,	,	PUNCT
cblr-2930	643	10	a	a	DET
cblr-2930	643	11	chinese	chinese	ADJ
cblr-2930	643	12	sovereign	sovereign	ADJ
cblr-2930	643	13	wealth	wealth	NOUN
cblr-2930	643	14	fund	fund	NOUN
cblr-2930	643	15	might	might	AUX
cblr-2930	643	16	use	use	VERB
cblr-2930	643	17	its	its	PRON
cblr-2930	643	18	influence	influence	NOUN
cblr-2930	643	19	over	over	ADP
cblr-2930	643	20	a	a	DET
cblr-2930	643	21	u.s	u.s	PROPN
cblr-2930	643	22	.	.	PROPN
cblr-2930	643	23	technology	technology	PROPN
cblr-2930	643	24	firm	firm	NOUN
cblr-2930	643	25	to	to	PART
cblr-2930	643	26	engineer	engineer	VERB
cblr-2930	643	27	a	a	DET
cblr-2930	643	28	merger	merger	NOUN
cblr-2930	643	29	(	(	PUNCT
cblr-2930	643	30	or	or	CCONJ
cblr-2930	643	31	some	some	DET
cblr-2930	643	32	joint	joint	ADJ
cblr-2930	643	33	venture	venture	NOUN
cblr-2930	643	34	)	)	PUNCT
cblr-2930	643	35	between	between	ADP
cblr-2930	643	36	the	the	DET
cblr-2930	643	37	firm	firm	NOUN
cblr-2930	643	38	and	and	CCONJ
cblr-2930	643	39	a	a	DET
cblr-2930	643	40	chinese	chinese	ADJ
cblr-2930	643	41	company	company	NOUN
cblr-2930	643	42	to	to	PART
cblr-2930	643	43	enable	enable	VERB
cblr-2930	643	44	that	that	SCONJ
cblr-2930	643	45	company	company	NOUN
cblr-2930	643	46	to	to	PART
cblr-2930	643	47	obtain	obtain	VERB
cblr-2930	643	48	access	access	NOUN
cblr-2930	643	49	to	to	ADP
cblr-2930	643	50	the	the	DET
cblr-2930	643	51	firm	firm	NOUN
cblr-2930	643	52	's	's	PART
cblr-2930	643	53	technology	technology	NOUN
cblr-2930	643	54	.	.	PUNCT
cblr-2930	644	1	if	if	SCONJ
cblr-2930	644	2	the	the	DET
cblr-2930	644	3	merger	merger	NOUN
cblr-2930	644	4	were	be	AUX
cblr-2930	644	5	put	put	VERB
cblr-2930	644	6	to	to	ADP
cblr-2930	644	7	a	a	DET
cblr-2930	644	8	vote	vote	NOUN
cblr-2930	644	9	,	,	PUNCT
cblr-2930	644	10	the	the	DET
cblr-2930	644	11	fund	fund	NOUN
cblr-2930	644	12	's	's	PART
cblr-2930	644	13	voting	voting	NOUN
cblr-2930	644	14	behavior	behavior	NOUN
cblr-2930	644	15	clearly	clearly	ADV
cblr-2930	644	16	would	would	AUX
cblr-2930	644	17	n't	not	PART
cblr-2930	644	18	be	be	AUX
cblr-2930	644	19	aimed	aim	VERB
cblr-2930	644	20	at	at	ADP
cblr-2930	644	21	maximizing	maximize	VERB
cblr-2930	644	22	future	future	ADJ
cblr-2930	644	23	cash	cash	NOUN
cblr-2930	644	24	flows.106	flows.106	NOUN
cblr-2930	644	25	"	"	PUNCT
cblr-2930	644	26	see	see	VERB
cblr-2930	644	27	,	,	PUNCT
cblr-2930	644	28	e.g.	e.g.	ADV
cblr-2930	644	29	,	,	PUNCT
cblr-2930	644	30	andrei	andrei	PROPN
cblr-2930	644	31	shleifer	shleifer	PROPN
cblr-2930	644	32	&	&	CCONJ
cblr-2930	644	33	robert	robert	PROPN
cblr-2930	644	34	vishny	vishny	PROPN
cblr-2930	644	35	,	,	PUNCT
cblr-2930	644	36	a	a	DET
cblr-2930	644	37	survey	survey	NOUN
cblr-2930	644	38	of	of	ADP
cblr-2930	644	39	corporate	corporate	ADJ
cblr-2930	644	40	governance	governance	NOUN
cblr-2930	644	41	,	,	PUNCT
cblr-2930	644	42	52	52	NUM
cblr-2930	644	43	j.	j.	PROPN
cblr-2930	644	44	fin	fin	PROPN
cblr-2930	644	45	.	.	PUNCT
cblr-2930	645	1	737	737	NUM
cblr-2930	645	2	,	,	PUNCT
cblr-2930	645	3	758	758	NUM
cblr-2930	645	4	(	(	PUNCT
cblr-2930	645	5	1997	1997	NUM
cblr-2930	645	6	)	)	PUNCT
cblr-2930	645	7	;	;	PUNCT
cblr-2930	645	8	iman	iman	PROPN
cblr-2930	645	9	anabtawi	anabtawi	PROPN
cblr-2930	645	10	,	,	PUNCT
cblr-2930	645	11	some	some	DET
cblr-2930	645	12	skepticism	skepticism	NOUN
cblr-2930	645	13	about	about	ADP
cblr-2930	645	14	increasing	increase	VERB
cblr-2930	645	15	shareholder	shareholder	NOUN
cblr-2930	645	16	power	power	NOUN
cblr-2930	645	17	,	,	PUNCT
cblr-2930	645	18	53	53	NUM
cblr-2930	645	19	ucla	ucla	PROPN
cblr-2930	645	20	l.	l.	PROPN
cblr-2930	645	21	rev	rev	PROPN
cblr-2930	645	22	.	.	PROPN
cblr-2930	645	23	561	561	NUM
cblr-2930	645	24	,	,	PUNCT
cblr-2930	645	25	564	564	NUM
cblr-2930	645	26	(	(	PUNCT
cblr-2930	645	27	2006	2006	NUM
cblr-2930	645	28	)	)	PUNCT
cblr-2930	645	29	;	;	PUNCT
cblr-2930	645	30	grant	grant	PROPN
cblr-2930	645	31	m.	m.	PROPN
cblr-2930	645	32	hayden	hayden	PROPN
cblr-2930	645	33	&	&	CCONJ
cblr-2930	645	34	matthew	matthew	PROPN
cblr-2930	645	35	t.	t.	PROPN
cblr-2930	645	36	bodie	bodie	PROPN
cblr-2930	645	37	,	,	PUNCT
cblr-2930	645	38	one	one	NUM
cblr-2930	645	39	share	share	NOUN
cblr-2930	645	40	one	one	NUM
cblr-2930	645	41	vote	vote	NOUN
cblr-2930	645	42	and	and	CCONJ
cblr-2930	645	43	the	the	DET
cblr-2930	645	44	false	false	ADJ
cblr-2930	645	45	promise	promise	NOUN
cblr-2930	645	46	of	of	ADP
cblr-2930	645	47	shareholder	shareholder	NOUN
cblr-2930	645	48	homogeneity	homogeneity	NOUN
cblr-2930	645	49	,	,	PUNCT
cblr-2930	645	50	30	30	NUM
cblr-2930	645	51	cardozo	cardozo	PROPN
cblr-2930	645	52	l.	l.	PROPN
cblr-2930	645	53	rev	rev	PROPN
cblr-2930	645	54	.	.	PROPN
cblr-2930	645	55	445	445	NUM
cblr-2930	645	56	,	,	PUNCT
cblr-2930	645	57	477	477	NUM
cblr-2930	645	58	-	-	SYM
cblr-2930	645	59	98	98	NUM
cblr-2930	645	60	(	(	PUNCT
cblr-2930	645	61	2008	2008	NUM
cblr-2930	645	62	)	)	PUNCT
cblr-2930	645	63	.	.	PUNCT
cblr-2930	646	1	"	"	PUNCT
cblr-2930	646	2	0	0	X
cblr-2930	646	3	'	'	PUNCT
cblr-2930	646	4	see	see	NOUN
cblr-2930	646	5	,	,	PUNCT
cblr-2930	646	6	e.g.	e.g.	ADV
cblr-2930	646	7	,	,	PUNCT
cblr-2930	646	8	communication	communication	NOUN
cblr-2930	646	9	from	from	ADP
cblr-2930	646	10	the	the	DET
cblr-2930	646	11	commission	commission	NOUN
cblr-2930	646	12	to	to	ADP
cblr-2930	646	13	the	the	DET
cblr-2930	646	14	european	european	PROPN
cblr-2930	646	15	parliament	parliament	NOUN
cblr-2930	646	16	,	,	PUNCT
cblr-2930	646	17	the	the	DET
cblr-2930	646	18	council	council	NOUN
cblr-2930	646	19	,	,	PUNCT
cblr-2930	646	20	the	the	DET
cblr-2930	646	21	european	european	ADJ
cblr-2930	646	22	economic	economic	ADJ
cblr-2930	646	23	and	and	CCONJ
cblr-2930	646	24	social	social	ADJ
cblr-2930	646	25	committee	committee	NOUN
cblr-2930	646	26	and	and	CCONJ
cblr-2930	646	27	the	the	DET
cblr-2930	646	28	committee	committee	NOUN
cblr-2930	646	29	of	of	ADP
cblr-2930	646	30	the	the	DET
cblr-2930	646	31	regions	region	NOUN
cblr-2930	646	32	:	:	PUNCT
cblr-2930	646	33	a	a	DET
cblr-2930	646	34	common	common	ADJ
cblr-2930	646	35	european	european	ADJ
cblr-2930	646	36	approach	approach	NOUN
cblr-2930	646	37	to	to	ADP
cblr-2930	646	38	sovereign	sovereign	ADJ
cblr-2930	646	39	wealth	wealth	NOUN
cblr-2930	646	40	funds	fund	NOUN
cblr-2930	646	41	,	,	PUNCT
cblr-2930	646	42	9	9	NUM
cblr-2930	646	43	com	com	NOUN
cblr-2930	646	44	(	(	PUNCT
cblr-2930	646	45	2008	2008	NUM
cblr-2930	646	46	)	)	PUNCT
cblr-2930	646	47	115	115	NUM
cblr-2930	646	48	final	final	ADJ
cblr-2930	646	49	,	,	PUNCT
cblr-2930	646	50	available	available	ADJ
cblr-2930	646	51	at	at	ADP
cblr-2930	646	52	http//eurlex.europa.eu	http//eurlex.europa.eu	NOUN
cblr-2930	646	53	/	/	SYM
cblr-2930	646	54	en	en	ADP
cblr-2930	646	55	/	/	SYM
cblr-2930	646	56	index.htm	index.htm	NOUN
cblr-2930	646	57	(	(	PUNCT
cblr-2930	646	58	expressing	express	VERB
cblr-2930	646	59	concern	concern	NOUN
cblr-2930	646	60	that	that	SCONJ
cblr-2930	646	61	sovereign	sovereign	ADJ
cblr-2930	646	62	wealth	wealth	NOUN
cblr-2930	646	63	fund	fund	NOUN
cblr-2930	646	64	investment	investment	NOUN
cblr-2930	646	65	in	in	ADP
cblr-2930	646	66	certain	certain	ADJ
cblr-2930	646	67	sectors	sector	NOUN
cblr-2930	646	68	could	could	AUX
cblr-2930	646	69	be	be	AUX
cblr-2930	646	70	used	use	VERB
cblr-2930	646	71	for	for	ADP
cblr-2930	646	72	ends	end	NOUN
cblr-2930	646	73	other	other	ADJ
cblr-2930	646	74	than	than	ADP
cblr-2930	646	75	for	for	ADP
cblr-2930	646	76	maximizing	maximize	VERB
cblr-2930	646	77	return	return	NOUN
cblr-2930	646	78	)	)	PUNCT
cblr-2930	646	79	.	.	PUNCT
cblr-2930	647	1	'	'	PUNCT
cblr-2930	647	2	"	"	PUNCT
cblr-2930	647	3	to	to	PART
cblr-2930	647	4	prevent	prevent	VERB
cblr-2930	647	5	this	this	PRON
cblr-2930	647	6	from	from	ADP
cblr-2930	647	7	happening	happen	VERB
cblr-2930	647	8	,	,	PUNCT
cblr-2930	647	9	some	some	DET
cblr-2930	647	10	commentators	commentator	NOUN
cblr-2930	647	11	have	have	AUX
cblr-2930	647	12	suggested	suggest	VERB
cblr-2930	647	13	that	that	SCONJ
cblr-2930	647	14	voting	voting	NOUN
cblr-2930	647	15	rights	right	NOUN
cblr-2930	647	16	of	of	ADP
cblr-2930	647	17	sovereign	sovereign	ADJ
cblr-2930	647	18	wealth	wealth	NOUN
cblr-2930	647	19	funds	fund	NOUN
cblr-2930	647	20	be	be	AUX
cblr-2930	647	21	limited	limit	VERB
cblr-2930	647	22	.	.	PUNCT
cblr-2930	648	1	see	see	VERB
cblr-2930	648	2	ronald	ronald	PROPN
cblr-2930	648	3	j.	j.	PROPN
cblr-2930	648	4	gilson	gilson	PROPN
cblr-2930	648	5	804	804	PROPN
cblr-2930	649	1	[	[	X
cblr-2930	649	2	vol	vol	NOUN
cblr-2930	649	3	.	.	PUNCT
cblr-2930	649	4	2010	2010	NUM
cblr-2930	649	5	following	follow	VERB
cblr-2930	649	6	the	the	DET
cblr-2930	649	7	financial	financial	ADJ
cblr-2930	649	8	crisis	crisis	NOUN
cblr-2930	649	9	,	,	PUNCT
cblr-2930	649	10	attention	attention	NOUN
cblr-2930	649	11	has	have	AUX
cblr-2930	649	12	shifted	shift	VERB
cblr-2930	649	13	from	from	ADP
cblr-2930	649	14	sovereign	sovereign	ADJ
cblr-2930	649	15	wealth	wealth	NOUN
cblr-2930	649	16	funds	fund	NOUN
cblr-2930	649	17	to	to	ADP
cblr-2930	649	18	western	western	ADJ
cblr-2930	649	19	governments	government	NOUN
cblr-2930	649	20	,	,	PUNCT
cblr-2930	649	21	which	which	PRON
cblr-2930	649	22	have	have	AUX
cblr-2930	649	23	obtained	obtain	VERB
cblr-2930	649	24	significant	significant	ADJ
cblr-2930	649	25	influence	influence	NOUN
cblr-2930	649	26	over	over	ADP
cblr-2930	649	27	some	some	DET
cblr-2930	649	28	firms	firm	NOUN
cblr-2930	649	29	as	as	ADP
cblr-2930	649	30	a	a	DET
cblr-2930	649	31	result	result	NOUN
cblr-2930	649	32	of	of	ADP
cblr-2930	649	33	providing	provide	VERB
cblr-2930	649	34	financial	financial	ADJ
cblr-2930	649	35	support	support	NOUN
cblr-2930	649	36	.	.	PUNCT
cblr-2930	650	1	consider	consider	VERB
cblr-2930	650	2	the	the	DET
cblr-2930	650	3	case	case	NOUN
cblr-2930	650	4	of	of	ADP
cblr-2930	650	5	carmaker	carmaker	NOUN
cblr-2930	650	6	renault	renault	PROPN
cblr-2930	650	7	,	,	PUNCT
cblr-2930	650	8	in	in	ADP
cblr-2930	650	9	which	which	PRON
cblr-2930	650	10	the	the	DET
cblr-2930	650	11	french	french	ADJ
cblr-2930	650	12	state	state	NOUN
cblr-2930	650	13	holds	hold	VERB
cblr-2930	650	14	a	a	DET
cblr-2930	650	15	large	large	ADJ
cblr-2930	650	16	stake	stake	NOUN
cblr-2930	650	17	and	and	CCONJ
cblr-2930	650	18	which	which	PRON
cblr-2930	650	19	,	,	PUNCT
cblr-2930	650	20	in	in	ADP
cblr-2930	650	21	2009	2009	NUM
cblr-2930	650	22	,	,	PUNCT
cblr-2930	650	23	received	receive	VERB
cblr-2930	650	24	a	a	DET
cblr-2930	650	25	multibillion	multibillion	NUM
cblr-2930	650	26	-	-	PUNCT
cblr-2930	650	27	dollar	dollar	NOUN
cblr-2930	650	28	government	government	NOUN
cblr-2930	650	29	loan	loan	NOUN
cblr-2930	650	30	to	to	PART
cblr-2930	650	31	mitigate	mitigate	VERB
cblr-2930	650	32	the	the	DET
cblr-2930	650	33	impact	impact	NOUN
cblr-2930	650	34	of	of	ADP
cblr-2930	650	35	the	the	DET
cblr-2930	650	36	crisis	crisis	NOUN
cblr-2930	650	37	.	.	PUNCT
cblr-2930	651	1	as	as	SCONJ
cblr-2930	651	2	reported	report	VERB
cblr-2930	651	3	by	by	ADP
cblr-2930	651	4	the	the	DET
cblr-2930	651	5	financial	financial	PROPN
cblr-2930	651	6	times	time	NOUN
cblr-2930	651	7	,	,	PUNCT
cblr-2930	651	8	renault	renault	PROPN
cblr-2930	651	9	was	be	AUX
cblr-2930	651	10	recently	recently	ADV
cblr-2930	651	11	ordered	order	VERB
cblr-2930	651	12	by	by	ADP
cblr-2930	651	13	the	the	DET
cblr-2930	651	14	french	french	ADJ
cblr-2930	651	15	government	government	NOUN
cblr-2930	651	16	to	to	PART
cblr-2930	651	17	keep	keep	VERB
cblr-2930	651	18	production	production	NOUN
cblr-2930	651	19	of	of	ADP
cblr-2930	651	20	its	its	PRON
cblr-2930	651	21	new	new	ADJ
cblr-2930	651	22	clio	clio	ADJ
cblr-2930	651	23	car	car	NOUN
cblr-2930	651	24	in	in	ADP
cblr-2930	651	25	france	france	PROPN
cblr-2930	651	26	rather	rather	ADV
cblr-2930	651	27	than	than	ADP
cblr-2930	651	28	shift	shift	VERB
cblr-2930	651	29	it	it	PRON
cblr-2930	651	30	to	to	ADP
cblr-2930	651	31	lower	low	ADJ
cblr-2930	651	32	-	-	PUNCT
cblr-2930	651	33	cost	cost	NOUN
cblr-2930	651	34	turkey	turkey	NOUN
cblr-2930	651	35	.	.	PUNCT
cblr-2930	652	1	07	07	NUM
cblr-2930	653	1	if	if	SCONJ
cblr-2930	653	2	renault	renault	PROPN
cblr-2930	653	3	shareholders	shareholder	NOUN
cblr-2930	653	4	were	be	AUX
cblr-2930	653	5	asked	ask	VERB
cblr-2930	653	6	to	to	PART
cblr-2930	653	7	elect	elect	VERB
cblr-2930	653	8	directors	director	NOUN
cblr-2930	653	9	,	,	PUNCT
cblr-2930	653	10	we	we	PRON
cblr-2930	653	11	might	might	AUX
cblr-2930	653	12	expect	expect	VERB
cblr-2930	653	13	the	the	DET
cblr-2930	653	14	government	government	NOUN
cblr-2930	653	15	to	to	PART
cblr-2930	653	16	vote	vote	VERB
cblr-2930	653	17	in	in	ADP
cblr-2930	653	18	accordance	accordance	NOUN
cblr-2930	653	19	with	with	ADP
cblr-2930	653	20	its	its	PRON
cblr-2930	653	21	belief	belief	NOUN
cblr-2930	653	22	on	on	ADP
cblr-2930	653	23	which	which	DET
cblr-2930	653	24	nominee	nominee	NOUN
cblr-2930	653	25	is	be	AUX
cblr-2930	653	26	most	most	ADV
cblr-2930	653	27	likely	likely	ADJ
cblr-2930	653	28	to	to	PART
cblr-2930	653	29	protect	protect	VERB
cblr-2930	653	30	french	french	ADJ
cblr-2930	653	31	jobs	job	NOUN
cblr-2930	653	32	rather	rather	ADV
cblr-2930	653	33	than	than	ADP
cblr-2930	653	34	its	its	PRON
cblr-2930	653	35	belief	belief	NOUN
cblr-2930	653	36	on	on	ADP
cblr-2930	653	37	which	which	DET
cblr-2930	653	38	nominee	nominee	NOUN
cblr-2930	653	39	is	be	AUX
cblr-2930	653	40	best	well	ADV
cblr-2930	653	41	equipped	equip	VERB
cblr-2930	653	42	to	to	PART
cblr-2930	653	43	maximize	maximize	VERB
cblr-2930	653	44	future	future	ADJ
cblr-2930	653	45	cash	cash	NOUN
cblr-2930	653	46	flows.10	flows.10	NOUN
cblr-2930	653	47	the	the	PRON
cblr-2930	653	48	larger	large	ADJ
cblr-2930	653	49	the	the	DET
cblr-2930	653	50	government	government	NOUN
cblr-2930	653	51	's	's	PART
cblr-2930	653	52	stake	stake	NOUN
cblr-2930	653	53	,	,	PUNCT
cblr-2930	653	54	the	the	PRON
cblr-2930	653	55	greater	great	ADJ
cblr-2930	653	56	the	the	DET
cblr-2930	653	57	probability	probability	NOUN
cblr-2930	653	58	of	of	ADP
cblr-2930	653	59	a	a	DET
cblr-2930	653	60	majority	majority	NOUN
cblr-2930	653	61	vote	vote	NOUN
cblr-2930	653	62	for	for	ADP
cblr-2930	653	63	the	the	DET
cblr-2930	653	64	option	option	NOUN
cblr-2930	653	65	that	that	PRON
cblr-2930	653	66	fails	fail	VERB
cblr-2930	653	67	to	to	PART
cblr-2930	653	68	maximize	maximize	VERB
cblr-2930	653	69	shareholder	shareholder	NOUN
cblr-2930	653	70	value	value	NOUN
cblr-2930	653	71	.	.	PUNCT
cblr-2930	653	72	'	'	PUNCT
cblr-2930	653	73	"	"	PUNCT
cblr-2930	653	74	thus	thus	ADV
cblr-2930	653	75	,	,	PUNCT
cblr-2930	653	76	we	we	PRON
cblr-2930	653	77	can	can	AUX
cblr-2930	653	78	see	see	VERB
cblr-2930	653	79	how	how	SCONJ
cblr-2930	653	80	conflicted	conflicted	ADJ
cblr-2930	653	81	voting	voting	NOUN
cblr-2930	653	82	may	may	AUX
cblr-2930	653	83	affect	affect	VERB
cblr-2930	653	84	voting	vote	VERB
cblr-2930	653	85	efficiency	efficiency	NOUN
cblr-2930	653	86	.	.	PUNCT
cblr-2930	654	1	"o	"o	PROPN
cblr-2930	654	2	&	&	CCONJ
cblr-2930	654	3	curtis	curtis	PROPN
cblr-2930	654	4	j.	j.	PROPN
cblr-2930	654	5	milhaupt	milhaupt	PROPN
cblr-2930	654	6	,	,	PUNCT
cblr-2930	654	7	sovereign	sovereign	ADJ
cblr-2930	654	8	wealth	wealth	NOUN
cblr-2930	654	9	funds	fund	NOUN
cblr-2930	654	10	and	and	CCONJ
cblr-2930	654	11	corporate	corporate	ADJ
cblr-2930	654	12	governance	governance	NOUN
cblr-2930	654	13	:	:	PUNCT
cblr-2930	654	14	a	a	DET
cblr-2930	654	15	minimalist	minimalist	ADJ
cblr-2930	654	16	response	response	NOUN
cblr-2930	654	17	to	to	ADP
cblr-2930	654	18	the	the	DET
cblr-2930	654	19	new	new	ADJ
cblr-2930	654	20	mercantilism	mercantilism	NOUN
cblr-2930	654	21	,	,	PUNCT
cblr-2930	654	22	60	60	NUM
cblr-2930	654	23	stan	stan	PROPN
cblr-2930	654	24	.	.	PUNCT
cblr-2930	655	1	l.	l.	PROPN
cblr-2930	655	2	rev	rev	PROPN
cblr-2930	655	3	.	.	PROPN
cblr-2930	655	4	1345	1345	NUM
cblr-2930	655	5	,	,	PUNCT
cblr-2930	655	6	1352	1352	NUM
cblr-2930	655	7	(	(	PUNCT
cblr-2930	655	8	2008	2008	NUM
cblr-2930	655	9	)	)	PUNCT
cblr-2930	655	10	.	.	PUNCT
cblr-2930	656	1	107	107	NUM
cblr-2930	656	2	ben	ben	PROPN
cblr-2930	656	3	hall	hall	PROPN
cblr-2930	656	4	,	,	PUNCT
cblr-2930	656	5	paris	paris	VERB
cblr-2930	656	6	piles	pile	NOUN
cblr-2930	656	7	pressure	pressure	NOUN
cblr-2930	656	8	on	on	ADP
cblr-2930	656	9	renault	renault	PROPN
cblr-2930	656	10	over	over	ADP
cblr-2930	656	11	clio	clio	PROPN
cblr-2930	656	12	,	,	PUNCT
cblr-2930	656	13	fin	fin	NOUN
cblr-2930	656	14	.	.	PUNCT
cblr-2930	657	1	times	times	PROPN
cblr-2930	657	2	,	,	PUNCT
cblr-2930	657	3	jan	jan	PROPN
cblr-2930	657	4	.	.	PROPN
cblr-2930	657	5	14	14	NUM
cblr-2930	657	6	,	,	PUNCT
cblr-2930	657	7	2010	2010	NUM
cblr-2930	657	8	,	,	PUNCT
cblr-2930	657	9	at	at	ADP
cblr-2930	657	10	15	15	NUM
cblr-2930	657	11	.	.	PUNCT
cblr-2930	657	12	"	"	PUNCT
cblr-2930	658	1	see	see	VERB
cblr-2930	658	2	also	also	ADV
cblr-2930	658	3	marcel	marcel	PROPN
cblr-2930	658	4	kahan	kahan	PROPN
cblr-2930	658	5	&	&	CCONJ
cblr-2930	658	6	edward	edward	PROPN
cblr-2930	658	7	rock	rock	PROPN
cblr-2930	658	8	,	,	PUNCT
cblr-2930	658	9	when	when	SCONJ
cblr-2930	658	10	the	the	DET
cblr-2930	658	11	government	government	NOUN
cblr-2930	658	12	is	be	AUX
cblr-2930	658	13	the	the	DET
cblr-2930	658	14	controlling	control	VERB
cblr-2930	658	15	shareholder	shareholder	NOUN
cblr-2930	658	16	21	21	NUM
cblr-2930	658	17	(	(	PUNCT
cblr-2930	658	18	n.y.u	n.y.u	NOUN
cblr-2930	658	19	.	.	PUNCT
cblr-2930	658	20	law	law	PROPN
cblr-2930	658	21	&	&	CCONJ
cblr-2930	658	22	econ	econ	PROPN
cblr-2930	658	23	.	.	PUNCT
cblr-2930	659	1	research	research	NOUN
cblr-2930	659	2	paper	paper	PROPN
cblr-2930	659	3	no	no	INTJ
cblr-2930	659	4	.	.	PROPN
cblr-2930	660	1	10	10	NUM
cblr-2930	660	2	-	-	SYM
cblr-2930	660	3	20	20	NUM
cblr-2930	660	4	,	,	PUNCT
cblr-2930	660	5	2010	2010	NUM
cblr-2930	660	6	;	;	PUNCT
cblr-2930	660	7	univ	univ	PROPN
cblr-2930	660	8	.	.	PROPN
cblr-2930	660	9	of	of	ADP
cblr-2930	660	10	pa	pa	PROPN
cblr-2930	660	11	.	.	PROPN
cblr-2930	660	12	,	,	PUNCT
cblr-2930	660	13	inst	inst	PROPN
cblr-2930	660	14	.	.	PROPN
cblr-2930	661	1	for	for	ADP
cblr-2930	661	2	law	law	PROPN
cblr-2930	661	3	&	&	CCONJ
cblr-2930	661	4	econ	econ	PROPN
cblr-2930	661	5	.	.	PUNCT
cblr-2930	662	1	research	research	NOUN
cblr-2930	662	2	paper	paper	PROPN
cblr-2930	662	3	no	no	INTJ
cblr-2930	662	4	.	.	PROPN
cblr-2930	663	1	10	10	NUM
cblr-2930	663	2	-	-	SYM
cblr-2930	663	3	10	10	NUM
cblr-2930	663	4	,	,	PUNCT
cblr-2930	663	5	2010	2010	NUM
cblr-2930	663	6	)	)	PUNCT
cblr-2930	663	7	,	,	PUNCT
cblr-2930	663	8	available	available	ADJ
cblr-2930	663	9	at	at	ADP
cblr-2930	663	10	http:/ssrn.com	http:/ssrn.com	NOUN
cblr-2930	663	11	/	/	SYM
cblr-2930	663	12	abstract-1616266	abstract-1616266	PROPN
cblr-2930	663	13	(	(	PUNCT
cblr-2930	663	14	describing	describe	VERB
cblr-2930	663	15	potential	potential	ADJ
cblr-2930	663	16	conflicts	conflict	NOUN
cblr-2930	663	17	of	of	ADP
cblr-2930	663	18	interest	interest	NOUN
cblr-2930	663	19	)	)	PUNCT
cblr-2930	663	20	.	.	PUNCT
cblr-2930	664	1	"	"	PUNCT
cblr-2930	664	2	for	for	ADP
cblr-2930	664	3	a	a	DET
cblr-2930	664	4	statistical	statistical	ADJ
cblr-2930	664	5	model	model	NOUN
cblr-2930	664	6	of	of	ADP
cblr-2930	664	7	group	group	NOUN
cblr-2930	664	8	decision	decision	NOUN
cblr-2930	664	9	making	make	VERB
cblr-2930	664	10	when	when	SCONJ
cblr-2930	664	11	voters	voter	NOUN
cblr-2930	664	12	have	have	VERB
cblr-2930	664	13	heterogeneous	heterogeneous	ADJ
cblr-2930	664	14	preferences	preference	NOUN
cblr-2930	664	15	,	,	PUNCT
cblr-2930	664	16	see	see	VERB
cblr-2930	664	17	miller	miller	PROPN
cblr-2930	664	18	,	,	PUNCT
cblr-2930	664	19	supra	supra	PROPN
cblr-2930	664	20	note	note	PROPN
cblr-2930	664	21	68	68	NUM
cblr-2930	664	22	;	;	PUNCT
cblr-2930	664	23	nicholas	nicholas	PROPN
cblr-2930	664	24	miller	miller	PROPN
cblr-2930	664	25	,	,	PUNCT
cblr-2930	664	26	information	information	NOUN
cblr-2930	664	27	,	,	PUNCT
cblr-2930	664	28	electorates	electorate	NOUN
cblr-2930	664	29	,	,	PUNCT
cblr-2930	664	30	and	and	CCONJ
cblr-2930	664	31	democracy	democracy	NOUN
cblr-2930	664	32	:	:	PUNCT
cblr-2930	664	33	some	some	DET
cblr-2930	664	34	extensions	extension	NOUN
cblr-2930	664	35	and	and	CCONJ
cblr-2930	664	36	interpretations	interpretation	NOUN
cblr-2930	664	37	of	of	ADP
cblr-2930	664	38	the	the	DET
cblr-2930	664	39	condorcet	condorcet	PROPN
cblr-2930	664	40	jury	jury	NOUN
cblr-2930	664	41	theorem	theorem	VERB
cblr-2930	664	42	,	,	PUNCT
cblr-2930	664	43	in	in	ADP
cblr-2930	664	44	information	information	NOUN
cblr-2930	664	45	pooling	pooling	NOUN
cblr-2930	664	46	and	and	CCONJ
cblr-2930	664	47	group	group	NOUN
cblr-2930	664	48	decision	decision	NOUN
cblr-2930	664	49	making	making	NOUN
cblr-2930	664	50	(	(	PUNCT
cblr-2930	664	51	bernard	bernard	PROPN
cblr-2930	664	52	grofman	grofman	PROPN
cblr-2930	664	53	&	&	CCONJ
cblr-2930	664	54	guillermo	guillermo	PROPN
cblr-2930	664	55	owen	owen	PROPN
cblr-2930	664	56	eds	eds	PROPN
cblr-2930	664	57	.	.	PROPN
cblr-2930	664	58	,	,	PUNCT
cblr-2930	664	59	1986	1986	NUM
cblr-2930	664	60	)	)	PUNCT
cblr-2930	665	1	;	;	PUNCT
cblr-2930	665	2	see	see	VERB
cblr-2930	665	3	also	also	ADV
cblr-2930	665	4	supra	supra	ADJ
cblr-2930	665	5	note	note	NOUN
cblr-2930	665	6	32	32	NUM
cblr-2930	665	7	and	and	CCONJ
cblr-2930	665	8	accompanying	accompany	VERB
cblr-2930	665	9	text	text	NOUN
cblr-2930	665	10	(	(	PUNCT
cblr-2930	665	11	contrasting	contrast	VERB
cblr-2930	665	12	information	information	NOUN
cblr-2930	665	13	aggregation	aggregation	NOUN
cblr-2930	665	14	against	against	ADP
cblr-2930	665	15	preference	preference	NOUN
cblr-2930	665	16	aggregation	aggregation	NOUN
cblr-2930	665	17	)	)	PUNCT
cblr-2930	665	18	.	.	PUNCT
cblr-2930	666	1	n0	n0	NOUN
cblr-2930	666	2	there	there	PRON
cblr-2930	666	3	is	be	VERB
cblr-2930	666	4	some	some	DET
cblr-2930	666	5	indirect	indirect	ADJ
cblr-2930	666	6	evidence	evidence	NOUN
cblr-2930	666	7	supporting	support	VERB
cblr-2930	666	8	the	the	DET
cblr-2930	666	9	notion	notion	NOUN
cblr-2930	666	10	that	that	SCONJ
cblr-2930	666	11	conflicted	conflict	VERB
cblr-2930	666	12	voting	voting	NOUN
cblr-2930	666	13	affects	affect	VERB
cblr-2930	666	14	voting	vote	VERB
cblr-2930	666	15	efficiency	efficiency	NOUN
cblr-2930	666	16	.	.	PUNCT
cblr-2930	667	1	empirical	empirical	ADJ
cblr-2930	667	2	research	research	NOUN
cblr-2930	667	3	shows	show	VERB
cblr-2930	667	4	that	that	SCONJ
cblr-2930	667	5	outside	outside	ADJ
cblr-2930	667	6	investors	investor	NOUN
cblr-2930	667	7	discount	discount	VERB
cblr-2930	667	8	the	the	DET
cblr-2930	667	9	shares	share	NOUN
cblr-2930	667	10	of	of	ADP
cblr-2930	667	11	firms	firm	NOUN
cblr-2930	667	12	with	with	ADP
cblr-2930	667	13	controlling	control	VERB
cblr-2930	667	14	shareholders	shareholder	NOUN
cblr-2930	667	15	,	,	PUNCT
cblr-2930	667	16	taking	take	VERB
cblr-2930	667	17	into	into	ADP
cblr-2930	667	18	account	account	NOUN
cblr-2930	667	19	(	(	PUNCT
cblr-2930	667	20	1	1	X
cblr-2930	667	21	)	)	PUNCT
cblr-2930	667	22	the	the	DET
cblr-2930	667	23	extent	extent	NOUN
cblr-2930	667	24	to	to	PART
cblr-2930	667	25	which	which	PRON
cblr-2930	667	26	the	the	DET
cblr-2930	667	27	risk	risk	NOUN
cblr-2930	667	28	of	of	ADP
cblr-2930	667	29	private	private	ADJ
cblr-2930	667	30	benefit	benefit	NOUN
cblr-2930	667	31	extraction	extraction	NOUN
cblr-2930	667	32	is	be	AUX
cblr-2930	667	33	exacerbated	exacerbate	VERB
cblr-2930	667	34	by	by	ADP
cblr-2930	667	35	disproportionate	disproportionate	ADJ
cblr-2930	667	36	voting	voting	NOUN
cblr-2930	667	37	power	power	NOUN
cblr-2930	667	38	,	,	PUNCT
cblr-2930	667	39	see	see	VERB
cblr-2930	667	40	stijn	stijn	PROPN
cblr-2930	667	41	claessens	claessen	VERB
cblr-2930	667	42	et	et	PROPN
cblr-2930	667	43	al	al	PROPN
cblr-2930	667	44	.	.	PROPN
cblr-2930	667	45	,	,	PUNCT
cblr-2930	667	46	disentangling	disentangle	VERB
cblr-2930	667	47	the	the	DET
cblr-2930	667	48	incentive	incentive	NOUN
cblr-2930	667	49	and	and	CCONJ
cblr-2930	667	50	entrenchment	entrenchment	ADJ
cblr-2930	667	51	effects	effect	NOUN
cblr-2930	667	52	of	of	ADP
cblr-2930	667	53	large	large	ADJ
cblr-2930	667	54	shareholdings	shareholding	NOUN
cblr-2930	667	55	,	,	PUNCT
cblr-2930	667	56	57	57	NUM
cblr-2930	667	57	j.	j.	PROPN
cblr-2930	667	58	fin	fin	PROPN
cblr-2930	667	59	.	.	PUNCT
cblr-2930	668	1	2741	2741	NUM
cblr-2930	668	2	,	,	PUNCT
cblr-2930	668	3	2770	2770	NUM
cblr-2930	668	4	(	(	PUNCT
cblr-2930	668	5	2002	2002	NUM
cblr-2930	668	6	)	)	PUNCT
cblr-2930	668	7	,	,	PUNCT
cblr-2930	668	8	and	and	CCONJ
cblr-2930	668	9	(	(	PUNCT
cblr-2930	668	10	2	2	X
cblr-2930	668	11	)	)	PUNCT
cblr-2930	668	12	the	the	DET
cblr-2930	668	13	extent	extent	NOUN
cblr-2930	668	14	to	to	PART
cblr-2930	668	15	which	which	PRON
cblr-2930	668	16	it	it	PRON
cblr-2930	668	17	is	be	AUX
cblr-2930	668	18	mitigated	mitigate	VERB
cblr-2930	668	19	by	by	ADP
cblr-2930	668	20	mechanisms	mechanism	NOUN
cblr-2930	668	21	of	of	ADP
cblr-2930	668	22	voting	voting	NOUN
cblr-2930	668	23	efficiency	efficiency	NOUN
cblr-2930	668	24	805no	805no	PROPN
cblr-2930	668	25	.	.	PUNCT
cblr-2930	669	1	3:763]1	3:763]1	NUM
cblr-2930	669	2	2	2	NUM
cblr-2930	669	3	.	.	PUNCT
cblr-2930	669	4	strategic	strategic	ADJ
cblr-2930	669	5	voting	voting	NOUN
cblr-2930	669	6	as	as	SCONJ
cblr-2930	669	7	the	the	DET
cblr-2930	669	8	previous	previous	ADJ
cblr-2930	669	9	examples	example	NOUN
cblr-2930	669	10	illustrate	illustrate	VERB
cblr-2930	669	11	,	,	PUNCT
cblr-2930	669	12	conflicted	conflicted	ADJ
cblr-2930	669	13	voting	voting	NOUN
cblr-2930	669	14	occurs	occur	VERB
cblr-2930	669	15	when	when	SCONJ
cblr-2930	669	16	a	a	DET
cblr-2930	669	17	shareholder	shareholder	NOUN
cblr-2930	669	18	ignores	ignore	VERB
cblr-2930	669	19	his	his	PRON
cblr-2930	669	20	or	or	CCONJ
cblr-2930	669	21	her	her	PRON
cblr-2930	669	22	judgment	judgment	NOUN
cblr-2930	669	23	on	on	ADP
cblr-2930	669	24	which	which	DET
cblr-2930	669	25	option	option	NOUN
cblr-2930	669	26	maximizes	maximize	VERB
cblr-2930	669	27	shareholder	shareholder	NOUN
cblr-2930	669	28	value	value	NOUN
cblr-2930	669	29	because	because	SCONJ
cblr-2930	669	30	that	that	DET
cblr-2930	669	31	shareholder	shareholder	NOUN
cblr-2930	669	32	has	have	VERB
cblr-2930	669	33	a	a	DET
cblr-2930	669	34	different	different	ADJ
cblr-2930	669	35	preference	preference	NOUN
cblr-2930	669	36	than	than	ADP
cblr-2930	669	37	shareholder	shareholder	NOUN
cblr-2930	669	38	value	value	NOUN
cblr-2930	669	39	maximization	maximization	NOUN
cblr-2930	669	40	.	.	PUNCT
cblr-2930	670	1	interestingly	interestingly	ADV
cblr-2930	670	2	,	,	PUNCT
cblr-2930	670	3	it	it	PRON
cblr-2930	670	4	may	may	AUX
cblr-2930	670	5	be	be	AUX
cblr-2930	670	6	rational	rational	ADJ
cblr-2930	670	7	for	for	SCONJ
cblr-2930	670	8	shareholders	shareholder	NOUN
cblr-2930	670	9	who	who	PRON
cblr-2930	670	10	do	do	AUX
cblr-2930	670	11	prefer	prefer	VERB
cblr-2930	670	12	shareholder	shareholder	NOUN
cblr-2930	670	13	value	value	NOUN
cblr-2930	670	14	maximization	maximization	NOUN
cblr-2930	670	15	to	to	PART
cblr-2930	670	16	also	also	ADV
cblr-2930	670	17	ignore	ignore	VERB
cblr-2930	670	18	their	their	PRON
cblr-2930	670	19	own	own	ADJ
cblr-2930	670	20	judgment	judgment	NOUN
cblr-2930	670	21	on	on	ADP
cblr-2930	670	22	which	which	DET
cblr-2930	670	23	option	option	NOUN
cblr-2930	670	24	maximizes	maximize	VERB
cblr-2930	670	25	shareholder	shareholder	NOUN
cblr-2930	670	26	value	value	NOUN
cblr-2930	670	27	.	.	PUNCT
cblr-2930	671	1	before	before	ADP
cblr-2930	671	2	deciding	decide	VERB
cblr-2930	671	3	how	how	SCONJ
cblr-2930	671	4	to	to	PART
cblr-2930	671	5	vote	vote	VERB
cblr-2930	671	6	,	,	PUNCT
cblr-2930	671	7	such	such	ADJ
cblr-2930	671	8	shareholders	shareholder	NOUN
cblr-2930	671	9	take	take	VERB
cblr-2930	671	10	into	into	ADP
cblr-2930	671	11	account	account	NOUN
cblr-2930	671	12	the	the	DET
cblr-2930	671	13	expected	expected	ADJ
cblr-2930	671	14	voting	voting	NOUN
cblr-2930	671	15	behavior	behavior	NOUN
cblr-2930	671	16	of	of	ADP
cblr-2930	671	17	other	other	ADJ
cblr-2930	671	18	shareholders	shareholder	NOUN
cblr-2930	671	19	and	and	CCONJ
cblr-2930	671	20	then	then	ADV
cblr-2930	671	21	vote	vote	VERB
cblr-2930	671	22	strategically	strategically	ADV
cblr-2930	671	23	.	.	PUNCT
cblr-2930	672	1	suppose	suppose	VERB
cblr-2930	672	2	that	that	SCONJ
cblr-2930	672	3	a	a	DET
cblr-2930	672	4	shareholder	shareholder	NOUN
cblr-2930	672	5	holds	hold	VERB
cblr-2930	672	6	a	a	DET
cblr-2930	672	7	small	small	ADJ
cblr-2930	672	8	stake	stake	NOUN
cblr-2930	672	9	and	and	CCONJ
cblr-2930	672	10	that	that	SCONJ
cblr-2930	672	11	all	all	DET
cblr-2930	672	12	outstanding	outstanding	ADJ
cblr-2930	672	13	shares	share	NOUN
cblr-2930	672	14	will	will	AUX
cblr-2930	672	15	be	be	AUX
cblr-2930	672	16	voted	vote	VERB
cblr-2930	672	17	in	in	ADP
cblr-2930	672	18	a	a	DET
cblr-2930	672	19	proxy	proxy	NOUN
cblr-2930	672	20	contest	contest	NOUN
cblr-2930	672	21	.	.	PUNCT
cblr-2930	673	1	to	to	PART
cblr-2930	673	2	see	see	VERB
cblr-2930	673	3	how	how	SCONJ
cblr-2930	673	4	this	this	DET
cblr-2930	673	5	shareholder	shareholder	NOUN
cblr-2930	673	6	can	can	AUX
cblr-2930	673	7	increase	increase	VERB
cblr-2930	673	8	the	the	DET
cblr-2930	673	9	probability	probability	NOUN
cblr-2930	673	10	of	of	ADP
cblr-2930	673	11	a	a	DET
cblr-2930	673	12	correct	correct	ADJ
cblr-2930	673	13	majority	majority	NOUN
cblr-2930	673	14	vote	vote	NOUN
cblr-2930	673	15	by	by	ADP
cblr-2930	673	16	voting	vote	VERB
cblr-2930	673	17	strategically	strategically	ADV
cblr-2930	673	18	,	,	PUNCT
cblr-2930	673	19	consider	consider	VERB
cblr-2930	673	20	that	that	SCONJ
cblr-2930	673	21	a	a	DET
cblr-2930	673	22	shareholder	shareholder	NOUN
cblr-2930	673	23	's	's	PART
cblr-2930	673	24	vote	vote	NOUN
cblr-2930	673	25	matters	matter	VERB
cblr-2930	673	26	only	only	ADV
cblr-2930	673	27	if	if	SCONJ
cblr-2930	673	28	his	his	PRON
cblr-2930	673	29	vote	vote	NOUN
cblr-2930	673	30	is	be	AUX
cblr-2930	673	31	pivotal	pivotal	ADJ
cblr-2930	673	32	.	.	PUNCT
cblr-2930	673	33	'	'	PUNCT
cblr-2930	674	1	this	this	PRON
cblr-2930	674	2	implies	imply	VERB
cblr-2930	674	3	that	that	SCONJ
cblr-2930	674	4	a	a	DET
cblr-2930	674	5	rational	rational	ADJ
cblr-2930	674	6	voter	voter	NOUN
cblr-2930	674	7	should	should	AUX
cblr-2930	674	8	ask	ask	VERB
cblr-2930	674	9	himself	himself	PRON
cblr-2930	674	10	how	how	SCONJ
cblr-2930	674	11	he	he	PRON
cblr-2930	674	12	should	should	AUX
cblr-2930	674	13	vote	vote	VERB
cblr-2930	674	14	in	in	ADP
cblr-2930	674	15	a	a	DET
cblr-2930	674	16	state	state	NOUN
cblr-2930	674	17	of	of	ADP
cblr-2930	674	18	the	the	DET
cblr-2930	674	19	world	world	NOUN
cblr-2930	674	20	where	where	SCONJ
cblr-2930	674	21	his	his	PRON
cblr-2930	674	22	vote	vote	NOUN
cblr-2930	674	23	is	be	AUX
cblr-2930	674	24	pivotal	pivotal	ADJ
cblr-2930	674	25	.	.	PUNCT
cblr-2930	675	1	in	in	ADP
cblr-2930	675	2	such	such	DET
cblr-2930	675	3	a	a	DET
cblr-2930	675	4	state	state	NOUN
cblr-2930	675	5	,	,	PUNCT
cblr-2930	675	6	the	the	DET
cblr-2930	675	7	shareholder	shareholder	NOUN
cblr-2930	675	8	should	should	AUX
cblr-2930	675	9	condition	condition	VERB
cblr-2930	675	10	his	his	PRON
cblr-2930	675	11	voting	voting	NOUN
cblr-2930	675	12	decision	decision	NOUN
cblr-2930	675	13	on	on	ADP
cblr-2930	675	14	two	two	NUM
cblr-2930	675	15	different	different	ADJ
cblr-2930	675	16	signals	signal	NOUN
cblr-2930	675	17	.	.	PUNCT
cblr-2930	676	1	the	the	DET
cblr-2930	676	2	first	first	ADJ
cblr-2930	676	3	is	be	AUX
cblr-2930	676	4	the	the	DET
cblr-2930	676	5	private	private	ADJ
cblr-2930	676	6	signal	signal	NOUN
cblr-2930	676	7	he	he	PRON
cblr-2930	676	8	would	would	AUX
cblr-2930	676	9	also	also	ADV
cblr-2930	676	10	receive	receive	VERB
cblr-2930	676	11	in	in	ADP
cblr-2930	676	12	a	a	DET
cblr-2930	676	13	state	state	NOUN
cblr-2930	676	14	of	of	ADP
cblr-2930	676	15	the	the	DET
cblr-2930	676	16	world	world	NOUN
cblr-2930	676	17	where	where	SCONJ
cblr-2930	676	18	his	his	PRON
cblr-2930	676	19	vote	vote	NOUN
cblr-2930	676	20	is	be	AUX
cblr-2930	676	21	not	not	PART
cblr-2930	676	22	pivotal	pivotal	ADJ
cblr-2930	676	23	,	,	PUNCT
cblr-2930	676	24	containing	contain	VERB
cblr-2930	676	25	incomplete	incomplete	ADJ
cblr-2930	676	26	information	information	NOUN
cblr-2930	676	27	on	on	ADP
cblr-2930	676	28	the	the	DET
cblr-2930	676	29	value	value	NOUN
cblr-2930	676	30	implications	implication	NOUN
cblr-2930	676	31	of	of	ADP
cblr-2930	676	32	the	the	DET
cblr-2930	676	33	challenger	challenger	NOUN
cblr-2930	676	34	winning	win	VERB
cblr-2930	676	35	the	the	DET
cblr-2930	676	36	proxy	proxy	NOUN
cblr-2930	676	37	contest	contest	NOUN
cblr-2930	676	38	.	.	PUNCT
cblr-2930	677	1	the	the	DET
cblr-2930	677	2	second	second	ADJ
cblr-2930	677	3	signal	signal	NOUN
cblr-2930	677	4	arises	arise	VERB
cblr-2930	677	5	from	from	ADP
cblr-2930	677	6	being	be	AUX
cblr-2930	677	7	pivotal	pivotal	ADJ
cblr-2930	677	8	,	,	PUNCT
cblr-2930	677	9	which	which	PRON
cblr-2930	677	10	is	be	AUX
cblr-2930	677	11	that	that	SCONJ
cblr-2930	677	12	almost	almost	ADV
cblr-2930	677	13	half	half	NOUN
cblr-2930	677	14	of	of	ADP
cblr-2930	677	15	the	the	DET
cblr-2930	677	16	votes	vote	NOUN
cblr-2930	677	17	will	will	AUX
cblr-2930	677	18	have	have	AUX
cblr-2930	677	19	been	be	AUX
cblr-2930	677	20	cast	cast	VERB
cblr-2930	677	21	in	in	ADP
cblr-2930	677	22	favor	favor	NOUN
cblr-2930	677	23	of	of	ADP
cblr-2930	677	24	the	the	DET
cblr-2930	677	25	challenger	challenger	NOUN
cblr-2930	677	26	.	.	PUNCT
cblr-2930	678	1	protective	protective	ADJ
cblr-2930	678	2	legal	legal	ADJ
cblr-2930	678	3	rules	rule	NOUN
cblr-2930	678	4	,	,	PUNCT
cblr-2930	678	5	see	see	VERB
cblr-2930	678	6	rafael	rafael	PROPN
cblr-2930	678	7	la	la	PROPN
cblr-2930	678	8	porta	porta	PROPN
cblr-2930	678	9	et	et	PROPN
cblr-2930	678	10	al	al	PROPN
cblr-2930	678	11	.	.	PROPN
cblr-2930	678	12	,	,	PUNCT
cblr-2930	678	13	investor	investor	NOUN
cblr-2930	678	14	protection	protection	NOUN
cblr-2930	678	15	and	and	CCONJ
cblr-2930	678	16	corporate	corporate	ADJ
cblr-2930	678	17	valuation	valuation	NOUN
cblr-2930	678	18	,	,	PUNCT
cblr-2930	678	19	57	57	NUM
cblr-2930	678	20	j.	j.	PROPN
cblr-2930	678	21	fin	fin	PROPN
cblr-2930	678	22	.	.	PUNCT
cblr-2930	679	1	1147	1147	NUM
cblr-2930	679	2	,	,	PUNCT
cblr-2930	679	3	1147	1147	NUM
cblr-2930	679	4	-	-	SYM
cblr-2930	679	5	48	48	NUM
cblr-2930	679	6	(	(	PUNCT
cblr-2930	679	7	2002	2002	NUM
cblr-2930	679	8	)	)	PUNCT
cblr-2930	679	9	.	.	PUNCT
cblr-2930	680	1	these	these	DET
cblr-2930	680	2	findings	finding	NOUN
cblr-2930	680	3	should	should	AUX
cblr-2930	680	4	be	be	AUX
cblr-2930	680	5	interpreted	interpret	VERB
cblr-2930	680	6	with	with	ADP
cblr-2930	680	7	some	some	DET
cblr-2930	680	8	caution	caution	NOUN
cblr-2930	680	9	in	in	ADP
cblr-2930	680	10	view	view	NOUN
cblr-2930	680	11	of	of	ADP
cblr-2930	680	12	the	the	DET
cblr-2930	680	13	criticism	criticism	NOUN
cblr-2930	680	14	the	the	DET
cblr-2930	680	15	law	law	NOUN
cblr-2930	680	16	and	and	CCONJ
cblr-2930	680	17	finance	finance	NOUN
cblr-2930	680	18	literature	literature	NOUN
cblr-2930	680	19	has	have	AUX
cblr-2930	680	20	been	be	AUX
cblr-2930	680	21	subject	subject	ADJ
cblr-2930	680	22	to	to	ADP
cblr-2930	680	23	,	,	PUNCT
cblr-2930	680	24	even	even	ADV
cblr-2930	680	25	if	if	SCONJ
cblr-2930	680	26	most	most	ADJ
cblr-2930	680	27	of	of	ADP
cblr-2930	680	28	the	the	DET
cblr-2930	680	29	criticism	criticism	NOUN
cblr-2930	680	30	seems	seem	VERB
cblr-2930	680	31	to	to	PART
cblr-2930	680	32	have	have	AUX
cblr-2930	680	33	focused	focus	VERB
cblr-2930	680	34	on	on	ADP
cblr-2930	680	35	the	the	DET
cblr-2930	680	36	claims	claim	NOUN
cblr-2930	680	37	that	that	SCONJ
cblr-2930	680	38	law	law	NOUN
cblr-2930	680	39	matters	matter	VERB
cblr-2930	680	40	for	for	ADP
cblr-2930	680	41	stock	stock	NOUN
cblr-2930	680	42	market	market	NOUN
cblr-2930	680	43	development	development	NOUN
cblr-2930	680	44	and	and	CCONJ
cblr-2930	680	45	that	that	SCONJ
cblr-2930	680	46	legal	legal	ADJ
cblr-2930	680	47	origins	origin	NOUN
cblr-2930	680	48	explain	explain	VERB
cblr-2930	680	49	differences	difference	NOUN
cblr-2930	680	50	in	in	ADP
cblr-2930	680	51	legal	legal	ADJ
cblr-2930	680	52	protections	protection	NOUN
cblr-2930	680	53	across	across	ADP
cblr-2930	680	54	countries	country	NOUN
cblr-2930	680	55	rather	rather	ADV
cblr-2930	680	56	than	than	ADP
cblr-2930	680	57	the	the	DET
cblr-2930	680	58	claim	claim	NOUN
cblr-2930	680	59	that	that	SCONJ
cblr-2930	680	60	law	law	NOUN
cblr-2930	680	61	matters	matter	VERB
cblr-2930	680	62	for	for	ADP
cblr-2930	680	63	firm	firm	ADJ
cblr-2930	680	64	valuation	valuation	NOUN
cblr-2930	680	65	.	.	PUNCT
cblr-2930	681	1	see	see	VERB
cblr-2930	681	2	,	,	PUNCT
cblr-2930	681	3	e.g.	e.g.	ADV
cblr-2930	681	4	,	,	PUNCT
cblr-2930	681	5	john	john	PROPN
cblr-2930	681	6	armour	armour	PROPN
cblr-2930	681	7	et	et	PROPN
cblr-2930	681	8	al	al	PROPN
cblr-2930	681	9	.	.	PROPN
cblr-2930	681	10	,	,	PUNCT
cblr-2930	681	11	shareholder	shareholder	NOUN
cblr-2930	681	12	protection	protection	NOUN
cblr-2930	681	13	and	and	CCONJ
cblr-2930	681	14	stock	stock	NOUN
cblr-2930	681	15	market	market	NOUN
cblr-2930	681	16	development	development	NOUN
cblr-2930	681	17	:	:	PUNCT
cblr-2930	681	18	an	an	DET
cblr-2930	681	19	empirical	empirical	ADJ
cblr-2930	681	20	test	test	NOUN
cblr-2930	681	21	of	of	ADP
cblr-2930	681	22	the	the	DET
cblr-2930	681	23	legal	legal	ADJ
cblr-2930	681	24	origins	origin	NOUN
cblr-2930	681	25	hypothesis	hypothesis	NOUN
cblr-2930	681	26	,	,	PUNCT
cblr-2930	681	27	6	6	NUM
cblr-2930	681	28	j.	j.	PROPN
cblr-2930	681	29	empirical	empirical	ADJ
cblr-2930	681	30	legal	legal	ADJ
cblr-2930	681	31	stud	stud	NOUN
cblr-2930	681	32	.	.	PUNCT
cblr-2930	682	1	343	343	NUM
cblr-2930	682	2	,	,	PUNCT
cblr-2930	682	3	359	359	NUM
cblr-2930	682	4	(	(	PUNCT
cblr-2930	682	5	2009	2009	NUM
cblr-2930	682	6	)	)	PUNCT
cblr-2930	682	7	.	.	PUNCT
cblr-2930	683	1	n.	n.	NOUN
cblr-2930	683	2	this	this	DET
cblr-2930	683	3	example	example	NOUN
cblr-2930	683	4	is	be	AUX
cblr-2930	683	5	taken	take	VERB
cblr-2930	683	6	from	from	ADP
cblr-2930	683	7	bilge	bilge	PROPN
cblr-2930	683	8	yilmaz	yilmaz	PROPN
cblr-2930	683	9	,	,	PUNCT
cblr-2930	683	10	strategic	strategic	ADJ
cblr-2930	683	11	voting	voting	NOUN
cblr-2930	683	12	and	and	CCONJ
cblr-2930	683	13	proxy	proxy	ADJ
cblr-2930	683	14	contests	contest	NOUN
cblr-2930	683	15	2	2	NUM
cblr-2930	683	16	(	(	PUNCT
cblr-2930	683	17	rodney	rodney	PROPN
cblr-2930	683	18	l.	l.	PROPN
cblr-2930	683	19	white	white	PROPN
cblr-2930	683	20	ctr	ctr	PROPN
cblr-2930	683	21	.	.	PUNCT
cblr-2930	684	1	for	for	ADP
cblr-2930	684	2	fin	fin	NOUN
cblr-2930	684	3	.	.	PUNCT
cblr-2930	685	1	research	research	NOUN
cblr-2930	685	2	,	,	PUNCT
cblr-2930	685	3	working	work	VERB
cblr-2930	685	4	paper	paper	NOUN
cblr-2930	685	5	no	no	INTJ
cblr-2930	685	6	.	.	PROPN
cblr-2930	685	7	05	05	NUM
cblr-2930	685	8	-	-	SYM
cblr-2930	685	9	00	00	NUM
cblr-2930	685	10	,	,	PUNCT
cblr-2930	685	11	2000	2000	NUM
cblr-2930	685	12	)	)	PUNCT
cblr-2930	685	13	,	,	PUNCT
cblr-2930	685	14	available	available	ADJ
cblr-2930	685	15	at	at	ADP
cblr-2930	685	16	http://ssrn.com/abstract-228457	http://ssrn.com/abstract-228457	NOUN
cblr-2930	685	17	.	.	PUNCT
cblr-2930	686	1	806	806	NUM
cblr-2930	686	2	columia	columia	PROPN
cblr-2930	686	3	business	business	NOUN
cblr-2930	686	4	la	la	PROPN
cblr-2930	686	5	wreview	wreview	VERB
cblr-2930	687	1	[	[	X
cblr-2930	687	2	vol	vol	NOUN
cblr-2930	687	3	.	.	PUNCT
cblr-2930	687	4	2010	2010	NUM
cblr-2930	688	1	what	what	DET
cblr-2930	688	2	information	information	NOUN
cblr-2930	688	3	can	can	AUX
cblr-2930	688	4	the	the	DET
cblr-2930	688	5	pivotal	pivotal	ADJ
cblr-2930	688	6	shareholder	shareholder	NOUN
cblr-2930	688	7	infer	infer	VERB
cblr-2930	688	8	from	from	ADP
cblr-2930	688	9	the	the	DET
cblr-2930	688	10	second	second	ADJ
cblr-2930	688	11	signal	signal	NOUN
cblr-2930	688	12	?	?	PUNCT
cblr-2930	689	1	suppose	suppose	VERB
cblr-2930	689	2	she	she	PRON
cblr-2930	689	3	knows	know	VERB
cblr-2930	689	4	that	that	SCONJ
cblr-2930	689	5	incumbent	incumbent	ADJ
cblr-2930	689	6	management	management	NOUN
cblr-2930	689	7	holds	hold	VERB
cblr-2930	689	8	ten	ten	NUM
cblr-2930	689	9	percent	percent	NOUN
cblr-2930	689	10	of	of	ADP
cblr-2930	689	11	the	the	DET
cblr-2930	689	12	shares	share	NOUN
cblr-2930	689	13	,	,	PUNCT
cblr-2930	689	14	which	which	PRON
cblr-2930	689	15	it	it	PRON
cblr-2930	689	16	can	can	AUX
cblr-2930	689	17	be	be	AUX
cblr-2930	689	18	expected	expect	VERB
cblr-2930	689	19	to	to	PART
cblr-2930	689	20	vote	vote	VERB
cblr-2930	689	21	in	in	ADP
cblr-2930	689	22	its	its	PRON
cblr-2930	689	23	own	own	ADJ
cblr-2930	689	24	support	support	NOUN
cblr-2930	689	25	to	to	PART
cblr-2930	689	26	secure	secure	VERB
cblr-2930	689	27	private	private	ADJ
cblr-2930	689	28	benefits	benefit	NOUN
cblr-2930	689	29	.	.	PUNCT
cblr-2930	690	1	'12	'12	NUM
cblr-2930	690	2	she	she	PRON
cblr-2930	690	3	will	will	AUX
cblr-2930	690	4	then	then	ADV
cblr-2930	690	5	be	be	AUX
cblr-2930	690	6	able	able	ADJ
cblr-2930	690	7	to	to	PART
cblr-2930	690	8	infer	infer	VERB
cblr-2930	690	9	that	that	SCONJ
cblr-2930	690	10	five	five	NUM
cblr-2930	690	11	out	out	ADP
cblr-2930	690	12	of	of	ADP
cblr-2930	690	13	nine	nine	NUM
cblr-2930	690	14	-	-	PUNCT
cblr-2930	690	15	i.e.	i.e.	X
cblr-2930	690	16	,	,	PUNCT
cblr-2930	690	17	a	a	DET
cblr-2930	690	18	majority	majority	NOUN
cblr-2930	690	19	-	-	PUNCT
cblr-2930	690	20	of	of	NOUN
cblr-2930	690	21	outside	outside	ADJ
cblr-2930	690	22	shareholders	shareholder	NOUN
cblr-2930	690	23	apparently	apparently	ADV
cblr-2930	690	24	possess	possess	VERB
cblr-2930	690	25	information	information	NOUN
cblr-2930	690	26	that	that	PRON
cblr-2930	690	27	leads	lead	VERB
cblr-2930	690	28	them	they	PRON
cblr-2930	690	29	to	to	PART
cblr-2930	690	30	believe	believe	VERB
cblr-2930	690	31	that	that	SCONJ
cblr-2930	690	32	the	the	DET
cblr-2930	690	33	challenger	challenger	NOUN
cblr-2930	690	34	is	be	AUX
cblr-2930	690	35	best	well	ADV
cblr-2930	690	36	equipped	equip	VERB
cblr-2930	690	37	to	to	PART
cblr-2930	690	38	maximize	maximize	VERB
cblr-2930	690	39	shareholder	shareholder	NOUN
cblr-2930	690	40	value	value	NOUN
cblr-2930	690	41	.	.	PUNCT
cblr-2930	691	1	in	in	ADP
cblr-2930	691	2	this	this	DET
cblr-2930	691	3	state	state	NOUN
cblr-2930	691	4	of	of	ADP
cblr-2930	691	5	the	the	DET
cblr-2930	691	6	world	world	NOUN
cblr-2930	691	7	,	,	PUNCT
cblr-2930	691	8	it	it	PRON
cblr-2930	691	9	is	be	AUX
cblr-2930	691	10	optimal	optimal	ADJ
cblr-2930	691	11	to	to	PART
cblr-2930	691	12	vote	vote	VERB
cblr-2930	691	13	for	for	ADP
cblr-2930	691	14	the	the	DET
cblr-2930	691	15	challenger	challenger	NOUN
cblr-2930	691	16	.	.	PUNCT
cblr-2930	692	1	13	13	NUM
cblr-2930	692	2	in	in	ADP
cblr-2930	692	3	doing	do	VERB
cblr-2930	692	4	so	so	ADV
cblr-2930	692	5	,	,	PUNCT
cblr-2930	692	6	the	the	DET
cblr-2930	692	7	shareholder	shareholder	NOUN
cblr-2930	692	8	effectively	effectively	ADV
cblr-2930	692	9	compensates	compensate	VERB
cblr-2930	692	10	the	the	DET
cblr-2930	692	11	initial	initial	ADJ
cblr-2930	692	12	bias	bias	NOUN
cblr-2930	692	13	caused	cause	VERB
cblr-2930	692	14	by	by	ADP
cblr-2930	692	15	the	the	DET
cblr-2930	692	16	fact	fact	NOUN
cblr-2930	692	17	that	that	SCONJ
cblr-2930	692	18	the	the	DET
cblr-2930	692	19	incumbents	incumbent	NOUN
cblr-2930	692	20	control	control	VERB
cblr-2930	692	21	ten	ten	NUM
cblr-2930	692	22	percent	percent	NOUN
cblr-2930	692	23	of	of	ADP
cblr-2930	692	24	the	the	DET
cblr-2930	692	25	votes	vote	NOUN
cblr-2930	692	26	.	.	PUNCT
cblr-2930	693	1	a	a	DET
cblr-2930	693	2	recent	recent	ADJ
cblr-2930	693	3	empirical	empirical	ADJ
cblr-2930	693	4	study	study	NOUN
cblr-2930	693	5	of	of	ADP
cblr-2930	693	6	proxy	proxy	ADJ
cblr-2930	693	7	contests	contest	NOUN
cblr-2930	693	8	has	have	AUX
cblr-2930	693	9	found	find	VERB
cblr-2930	693	10	evidence	evidence	NOUN
cblr-2930	693	11	that	that	PRON
cblr-2930	693	12	is	be	AUX
cblr-2930	693	13	consistent	consistent	ADJ
cblr-2930	693	14	with	with	ADP
cblr-2930	693	15	the	the	DET
cblr-2930	693	16	theory	theory	NOUN
cblr-2930	693	17	that	that	SCONJ
cblr-2930	693	18	strategic	strategic	ADJ
cblr-2930	693	19	voting	voting	NOUN
cblr-2930	693	20	can	can	AUX
cblr-2930	693	21	increase	increase	VERB
cblr-2930	693	22	voting	voting	NOUN
cblr-2930	693	23	efficiency	efficiency	NOUN
cblr-2930	693	24	by	by	ADP
cblr-2930	693	25	mitigating	mitigate	VERB
cblr-2930	693	26	biases	bias	NOUN
cblr-2930	693	27	.	.	PUNCT
cblr-2930	694	1	"	"	PUNCT
cblr-2930	694	2	'	'	PUNCT
cblr-2930	694	3	however	however	ADV
cblr-2930	694	4	,	,	PUNCT
cblr-2930	694	5	research	research	NOUN
cblr-2930	694	6	on	on	ADP
cblr-2930	694	7	strategic	strategic	ADJ
cblr-2930	694	8	voting	voting	NOUN
cblr-2930	694	9	is	be	AUX
cblr-2930	694	10	still	still	ADV
cblr-2930	694	11	in	in	ADP
cblr-2930	694	12	the	the	DET
cblr-2930	694	13	early	early	ADJ
cblr-2930	694	14	stages	stage	NOUN
cblr-2930	694	15	,	,	PUNCT
cblr-2930	694	16	and	and	CCONJ
cblr-2930	694	17	there	there	PRON
cblr-2930	694	18	are	be	VERB
cblr-2930	694	19	a	a	DET
cblr-2930	694	20	number	number	NOUN
cblr-2930	694	21	of	of	ADP
cblr-2930	694	22	issues	issue	NOUN
cblr-2930	694	23	that	that	PRON
cblr-2930	694	24	complicate	complicate	VERB
cblr-2930	694	25	the	the	DET
cblr-2930	694	26	picture	picture	NOUN
cblr-2930	694	27	.	.	PUNCT
cblr-2930	695	1	one	one	NUM
cblr-2930	695	2	is	be	AUX
cblr-2930	695	3	the	the	DET
cblr-2930	695	4	issue	issue	NOUN
cblr-2930	695	5	of	of	ADP
cblr-2930	695	6	preference	preference	NOUN
cblr-2930	695	7	distribution	distribution	NOUN
cblr-2930	695	8	:	:	PUNCT
cblr-2930	695	9	in	in	ADP
cblr-2930	695	10	practice	practice	NOUN
cblr-2930	695	11	,	,	PUNCT
cblr-2930	695	12	the	the	DET
cblr-2930	695	13	exact	exact	ADJ
cblr-2930	695	14	number	number	NOUN
cblr-2930	695	15	of	of	ADP
cblr-2930	695	16	votes	vote	NOUN
cblr-2930	695	17	biased	bias	VERB
cblr-2930	695	18	toward	toward	ADP
cblr-2930	695	19	management	management	NOUN
cblr-2930	695	20	may	may	AUX
cblr-2930	695	21	not	not	PART
cblr-2930	695	22	always	always	ADV
cblr-2930	695	23	be	be	AUX
cblr-2930	695	24	known	know	VERB
cblr-2930	695	25	,	,	PUNCT
cblr-2930	695	26	which	which	PRON
cblr-2930	695	27	makes	make	VERB
cblr-2930	695	28	it	it	PRON
cblr-2930	695	29	difficult	difficult	ADJ
cblr-2930	695	30	to	to	PART
cblr-2930	695	31	infer	infer	VERB
cblr-2930	695	32	useful	useful	ADJ
cblr-2930	695	33	information	information	NOUN
cblr-2930	695	34	from	from	ADP
cblr-2930	695	35	hypothetically	hypothetically	ADV
cblr-2930	695	36	being	be	AUX
cblr-2930	695	37	the	the	DET
cblr-2930	695	38	pivotal	pivotal	ADJ
cblr-2930	695	39	voter	voter	NOUN
cblr-2930	695	40	.	.	PUNCT
cblr-2930	696	1	"	"	PUNCT
cblr-2930	696	2	'	'	PUNCT
cblr-2930	696	3	most	most	ADV
cblr-2930	696	4	importantly	importantly	ADV
cblr-2930	696	5	for	for	ADP
cblr-2930	696	6	our	our	PRON
cblr-2930	696	7	purposes	purpose	NOUN
cblr-2930	696	8	,	,	PUNCT
cblr-2930	696	9	an	an	DET
cblr-2930	696	10	h2	h2	NOUN
cblr-2930	696	11	the	the	DET
cblr-2930	696	12	share	share	NOUN
cblr-2930	696	13	ownership	ownership	NOUN
cblr-2930	696	14	of	of	ADP
cblr-2930	696	15	management	management	NOUN
cblr-2930	696	16	can	can	AUX
cblr-2930	696	17	be	be	AUX
cblr-2930	696	18	known	know	VERB
cblr-2930	696	19	from	from	ADP
cblr-2930	696	20	the	the	DET
cblr-2930	696	21	public	public	ADJ
cblr-2930	696	22	disclosures	disclosure	NOUN
cblr-2930	696	23	made	make	VERB
cblr-2930	696	24	pursuant	pursuant	ADJ
cblr-2930	696	25	to	to	ADP
cblr-2930	696	26	applicable	applicable	ADJ
cblr-2930	696	27	securities	security	NOUN
cblr-2930	696	28	law	law	NOUN
cblr-2930	696	29	.	.	PUNCT
cblr-2930	697	1	1n	1n	NUM
cblr-2930	697	2	.	.	PUNCT
cblr-2930	698	1	i	i	PRON
cblr-2930	698	2	d.	d.	PROPN
cblr-2930	698	3	see	see	VERB
cblr-2930	698	4	also	also	ADV
cblr-2930	698	5	jorgen	jorgen	PROPN
cblr-2930	698	6	wit	wit	PROPN
cblr-2930	698	7	,	,	PUNCT
cblr-2930	698	8	rational	rational	ADJ
cblr-2930	698	9	choice	choice	NOUN
cblr-2930	698	10	and	and	CCONJ
cblr-2930	698	11	the	the	DET
cblr-2930	698	12	condorcet	condorcet	ADJ
cblr-2930	698	13	jury	jury	NOUN
cblr-2930	698	14	theorem	theorem	VERB
cblr-2930	698	15	,	,	PUNCT
cblr-2930	698	16	22	22	NUM
cblr-2930	698	17	games	game	NOUN
cblr-2930	698	18	and	and	CCONJ
cblr-2930	698	19	econ	econ	PROPN
cblr-2930	698	20	.	.	PUNCT
cblr-2930	698	21	behav	behav	PROPN
cblr-2930	698	22	.	.	PUNCT
cblr-2930	698	23	364	364	NUM
cblr-2930	698	24	,	,	PUNCT
cblr-2930	698	25	375	375	NUM
cblr-2930	698	26	(	(	PUNCT
cblr-2930	698	27	1998	1998	NUM
cblr-2930	698	28	)	)	PUNCT
cblr-2930	698	29	(	(	PUNCT
cblr-2930	698	30	modeling	model	VERB
cblr-2930	698	31	strategic	strategic	ADJ
cblr-2930	698	32	voting	voting	NOUN
cblr-2930	698	33	and	and	CCONJ
cblr-2930	698	34	showing	show	VERB
cblr-2930	698	35	that	that	SCONJ
cblr-2930	698	36	in	in	ADP
cblr-2930	698	37	equilibrium	equilibrium	NOUN
cblr-2930	698	38	,	,	PUNCT
cblr-2930	698	39	the	the	DET
cblr-2930	698	40	"	"	PUNCT
cblr-2930	698	41	less	less	ADJ
cblr-2930	698	42	"	"	PUNCT
cblr-2930	698	43	informed	inform	VERB
cblr-2930	698	44	types	type	NOUN
cblr-2930	698	45	strategically	strategically	ADV
cblr-2930	698	46	compensate	compensate	VERB
cblr-2930	698	47	the	the	DET
cblr-2930	698	48	bias	bias	NOUN
cblr-2930	698	49	created	create	VERB
cblr-2930	698	50	by	by	ADP
cblr-2930	698	51	the	the	DET
cblr-2930	698	52	information	information	NOUN
cblr-2930	698	53	structure	structure	NOUN
cblr-2930	698	54	,	,	PUNCT
cblr-2930	698	55	which	which	PRON
cblr-2930	698	56	allows	allow	VERB
cblr-2930	698	57	"	"	PUNCT
cblr-2930	698	58	more	more	ADJ
cblr-2930	698	59	"	"	PUNCT
cblr-2930	698	60	informed	informed	ADJ
cblr-2930	698	61	types	type	NOUN
cblr-2930	698	62	to	to	PART
cblr-2930	698	63	put	put	VERB
cblr-2930	698	64	more	more	ADJ
cblr-2930	698	65	weight	weight	NOUN
cblr-2930	698	66	in	in	ADP
cblr-2930	698	67	the	the	DET
cblr-2930	698	68	collective	collective	ADJ
cblr-2930	698	69	decision	decision	NOUN
cblr-2930	698	70	)	)	PUNCT
cblr-2930	698	71	.	.	PUNCT
cblr-2930	699	1	1	1	NUM
cblr-2930	699	2	"	"	PUNCT
cblr-2930	699	3	ernst	ernst	PROPN
cblr-2930	699	4	maug	maug	PROPN
cblr-2930	699	5	&	&	CCONJ
cblr-2930	699	6	kristian	kristian	PROPN
cblr-2930	699	7	rydqvist	rydqvist	NOUN
cblr-2930	699	8	,	,	PUNCT
cblr-2930	699	9	do	do	AUX
cblr-2930	699	10	shareholders	shareholder	NOUN
cblr-2930	699	11	vote	vote	VERB
cblr-2930	699	12	strategically	strategically	ADV
cblr-2930	699	13	?	?	PUNCT
cblr-2930	700	1	voting	vote	VERB
cblr-2930	700	2	behavior	behavior	NOUN
cblr-2930	700	3	,	,	PUNCT
cblr-2930	700	4	proposal	proposal	NOUN
cblr-2930	700	5	screening	screening	NOUN
cblr-2930	700	6	,	,	PUNCT
cblr-2930	700	7	and	and	CCONJ
cblr-2930	700	8	majority	majority	NOUN
cblr-2930	700	9	rules	rule	NOUN
cblr-2930	700	10	,	,	PUNCT
cblr-2930	700	11	13	13	NUM
cblr-2930	700	12	rev	rev	X
cblr-2930	700	13	.	.	PROPN
cblr-2930	700	14	fin	fin	NOUN
cblr-2930	700	15	.	.	PUNCT
cblr-2930	701	1	47	47	NUM
cblr-2930	701	2	,	,	PUNCT
cblr-2930	701	3	57	57	NUM
cblr-2930	701	4	,	,	PUNCT
cblr-2930	701	5	74(2009	74(2009	NUM
cblr-2930	701	6	)	)	PUNCT
cblr-2930	701	7	.	.	PUNCT
cblr-2930	702	1	11	11	NUM
cblr-2930	702	2	gilson	gilson	NOUN
cblr-2930	702	3	and	and	CCONJ
cblr-2930	702	4	schwarz	schwarz	NOUN
cblr-2930	702	5	refer	refer	VERB
cblr-2930	702	6	to	to	ADP
cblr-2930	702	7	the	the	DET
cblr-2930	702	8	group	group	NOUN
cblr-2930	702	9	of	of	ADP
cblr-2930	702	10	shareholders	shareholder	NOUN
cblr-2930	702	11	that	that	PRON
cblr-2930	702	12	is	be	AUX
cblr-2930	702	13	biased	bias	VERB
cblr-2930	702	14	toward	toward	ADP
cblr-2930	702	15	management	management	NOUN
cblr-2930	702	16	as	as	ADP
cblr-2930	702	17	the	the	DET
cblr-2930	702	18	"	"	PUNCT
cblr-2930	702	19	management	management	NOUN
cblr-2930	702	20	group	group	NOUN
cblr-2930	702	21	,	,	PUNCT
cblr-2930	702	22	"	"	PUNCT
cblr-2930	702	23	which	which	PRON
cblr-2930	702	24	is	be	AUX
cblr-2930	702	25	composed	compose	VERB
cblr-2930	702	26	of	of	ADP
cblr-2930	702	27	incumbent	incumbent	ADJ
cblr-2930	702	28	managers	manager	NOUN
cblr-2930	702	29	and	and	CCONJ
cblr-2930	702	30	those	those	PRON
cblr-2930	702	31	who	who	PRON
cblr-2930	702	32	would	would	AUX
cblr-2930	702	33	do	do	VERB
cblr-2930	702	34	better	well	ADV
cblr-2930	702	35	if	if	SCONJ
cblr-2930	702	36	the	the	DET
cblr-2930	702	37	share	share	NOUN
cblr-2930	702	38	maximizing	maximize	VERB
cblr-2930	702	39	option	option	NOUN
cblr-2930	702	40	were	be	AUX
cblr-2930	702	41	defeated	defeat	VERB
cblr-2930	702	42	including	include	VERB
cblr-2930	702	43	possibly	possibly	ADV
cblr-2930	702	44	unions	union	NOUN
cblr-2930	702	45	,	,	PUNCT
cblr-2930	702	46	suppliers	supplier	NOUN
cblr-2930	702	47	and	and	CCONJ
cblr-2930	702	48	customers	customer	NOUN
cblr-2930	702	49	.	.	PUNCT
cblr-2930	703	1	gilson	gilson	PROPN
cblr-2930	703	2	&	&	CCONJ
cblr-2930	703	3	schwartz	schwartz	PROPN
cblr-2930	703	4	,	,	PUNCT
cblr-2930	703	5	supra	supra	PROPN
cblr-2930	703	6	note	note	PROPN
cblr-2930	703	7	20	20	NUM
cblr-2930	703	8	,	,	PUNCT
cblr-2930	703	9	at	at	ADP
cblr-2930	703	10	15	15	NUM
cblr-2930	703	11	,	,	PUNCT
cblr-2930	703	12	25	25	NUM
cblr-2930	703	13	.	.	PUNCT
cblr-2930	704	1	the	the	DET
cblr-2930	704	2	management	management	NOUN
cblr-2930	704	3	group	group	NOUN
cblr-2930	704	4	may	may	AUX
cblr-2930	704	5	also	also	ADV
cblr-2930	704	6	include	include	VERB
cblr-2930	704	7	brokers	broker	NOUN
cblr-2930	704	8	,	,	PUNCT
cblr-2930	704	9	who	who	PRON
cblr-2930	704	10	tend	tend	VERB
cblr-2930	704	11	to	to	PART
cblr-2930	704	12	vote	vote	VERB
cblr-2930	704	13	in	in	ADP
cblr-2930	704	14	line	line	NOUN
cblr-2930	704	15	with	with	ADP
cblr-2930	704	16	management	management	NOUN
cblr-2930	704	17	.	.	PUNCT
cblr-2930	705	1	see	see	VERB
cblr-2930	705	2	,	,	PUNCT
cblr-2930	705	3	e.g.	e.g.	ADV
cblr-2930	705	4	,	,	PUNCT
cblr-2930	705	5	jennifer	jennifer	PROPN
cblr-2930	705	6	e.	e.	PROPN
cblr-2930	705	7	bethel	bethel	PROPN
cblr-2930	705	8	&	&	CCONJ
cblr-2930	705	9	stuart	stuart	PROPN
cblr-2930	705	10	l.	l.	PROPN
cblr-2930	705	11	gillan	gillan	PROPN
cblr-2930	705	12	,	,	PUNCT
cblr-2930	705	13	the	the	DET
cblr-2930	705	14	impact	impact	NOUN
cblr-2930	705	15	of	of	ADP
cblr-2930	705	16	the	the	DET
cblr-2930	705	17	institutional	institutional	ADJ
cblr-2930	705	18	and	and	CCONJ
cblr-2930	705	19	regulatory	regulatory	ADJ
cblr-2930	705	20	environment	environment	NOUN
cblr-2930	705	21	on	on	ADP
cblr-2930	705	22	shareholder	shareholder	NOUN
cblr-2930	705	23	voting	voting	NOUN
cblr-2930	705	24	,	,	PUNCT
cblr-2930	705	25	31	31	NUM
cblr-2930	705	26	fin	fin	NOUN
cblr-2930	705	27	.	.	PUNCT
cblr-2930	706	1	mgmt	mgmt	PROPN
cblr-2930	706	2	.	.	PROPN
cblr-2930	707	1	29	29	NUM
cblr-2930	707	2	,	,	PUNCT
cblr-2930	707	3	42	42	NUM
cblr-2930	707	4	,	,	PUNCT
cblr-2930	707	5	44	44	NUM
cblr-2930	707	6	(	(	PUNCT
cblr-2930	707	7	2002	2002	NUM
cblr-2930	707	8	)	)	PUNCT
cblr-2930	707	9	(	(	PUNCT
cblr-2930	707	10	studying	study	VERB
cblr-2930	707	11	a	a	DET
cblr-2930	707	12	sample	sample	NOUN
cblr-2930	707	13	of	of	ADP
cblr-2930	707	14	1,500	1,500	NUM
cblr-2930	707	15	s&p	s&p	PROPN
cblr-2930	707	16	500	500	NUM
cblr-2930	707	17	during	during	ADP
cblr-2930	707	18	the	the	DET
cblr-2930	707	19	1998	1998	NUM
cblr-2930	707	20	proxy	proxy	NOUN
cblr-2930	707	21	season	season	NOUN
cblr-2930	707	22	and	and	CCONJ
cblr-2930	707	23	no	no	INTJ
cblr-2930	707	24	.	.	PUNCT
cblr-2930	708	1	3:763	3:763	NUM
cblr-2930	708	2	]	]	PUNCT
cblr-2930	708	3	mechanisms	mechanism	NOUN
cblr-2930	708	4	of	of	ADP
cblr-2930	708	5	voting	voting	NOUN
cblr-2930	708	6	efficiency	efficiency	NOUN
cblr-2930	708	7	807	807	NUM
cblr-2930	708	8	columbia	columbia	PROPN
cblr-2930	708	9	business	business	NOUN
cblr-2930	708	10	law	law	PROPN
cblr-2930	708	11	review	review	NOUN
cblr-2930	708	12	issue	issue	NOUN
cblr-2930	708	13	potentially	potentially	ADV
cblr-2930	708	14	arises	arise	VERB
cblr-2930	708	15	when	when	SCONJ
cblr-2930	708	16	increasing	increase	VERB
cblr-2930	708	17	numbers	number	NOUN
cblr-2930	708	18	of	of	ADP
cblr-2930	708	19	shareholders	shareholder	NOUN
cblr-2930	708	20	vote	vote	VERB
cblr-2930	708	21	strategically	strategically	ADV
cblr-2930	708	22	and	and	CCONJ
cblr-2930	708	23	in	in	ADP
cblr-2930	708	24	doing	do	VERB
cblr-2930	708	25	so	so	ADV
cblr-2930	708	26	ignore	ignore	VERB
cblr-2930	708	27	their	their	PRON
cblr-2930	708	28	own	own	ADJ
cblr-2930	708	29	judgments	judgment	NOUN
cblr-2930	708	30	on	on	ADP
cblr-2930	708	31	which	which	DET
cblr-2930	708	32	option	option	NOUN
cblr-2930	708	33	maximizes	maximize	VERB
cblr-2930	708	34	share	share	NOUN
cblr-2930	708	35	value	value	NOUN
cblr-2930	708	36	.	.	PUNCT
cblr-2930	709	1	"6	"6	NOUN
cblr-2930	709	2	at	at	ADP
cblr-2930	709	3	some	some	DET
cblr-2930	709	4	point	point	NOUN
cblr-2930	709	5	,	,	PUNCT
cblr-2930	709	6	the	the	DET
cblr-2930	709	7	initial	initial	ADJ
cblr-2930	709	8	bias	bias	NOUN
cblr-2930	709	9	may	may	AUX
cblr-2930	709	10	effectively	effectively	ADV
cblr-2930	709	11	be	be	AUX
cblr-2930	709	12	overcompensated	overcompensate	VERB
cblr-2930	709	13	and	and	CCONJ
cblr-2930	709	14	cause	cause	VERB
cblr-2930	709	15	a	a	DET
cblr-2930	709	16	bias	bias	NOUN
cblr-2930	709	17	in	in	ADP
cblr-2930	709	18	the	the	DET
cblr-2930	709	19	opposite	opposite	ADJ
cblr-2930	709	20	direction	direction	NOUN
cblr-2930	709	21	.	.	PUNCT
cblr-2930	710	1	while	while	SCONJ
cblr-2930	710	2	it	it	PRON
cblr-2930	710	3	goes	go	VERB
cblr-2930	710	4	beyond	beyond	ADP
cblr-2930	710	5	the	the	DET
cblr-2930	710	6	scope	scope	NOUN
cblr-2930	710	7	of	of	ADP
cblr-2930	710	8	this	this	DET
cblr-2930	710	9	article	article	NOUN
cblr-2930	710	10	to	to	PART
cblr-2930	710	11	discuss	discuss	VERB
cblr-2930	710	12	the	the	DET
cblr-2930	710	13	impact	impact	NOUN
cblr-2930	710	14	of	of	ADP
cblr-2930	710	15	strategic	strategic	ADJ
cblr-2930	710	16	voting	voting	NOUN
cblr-2930	710	17	in	in	ADP
cblr-2930	710	18	further	further	ADJ
cblr-2930	710	19	detail	detail	NOUN
cblr-2930	710	20	,	,	PUNCT
cblr-2930	710	21	it	it	PRON
cblr-2930	710	22	is	be	AUX
cblr-2930	710	23	clear	clear	ADJ
cblr-2930	710	24	that	that	SCONJ
cblr-2930	710	25	the	the	DET
cblr-2930	710	26	issue	issue	NOUN
cblr-2930	710	27	represents	represent	VERB
cblr-2930	710	28	an	an	DET
cblr-2930	710	29	important	important	ADJ
cblr-2930	710	30	area	area	NOUN
cblr-2930	710	31	for	for	ADP
cblr-2930	710	32	future	future	ADJ
cblr-2930	710	33	research	research	NOUN
cblr-2930	710	34	.	.	PUNCT
cblr-2930	711	1	to	to	PART
cblr-2930	711	2	conclude	conclude	VERB
cblr-2930	711	3	,	,	PUNCT
cblr-2930	711	4	this	this	DET
cblr-2930	711	5	part	part	NOUN
cblr-2930	711	6	has	have	AUX
cblr-2930	711	7	identified	identify	VERB
cblr-2930	711	8	and	and	CCONJ
cblr-2930	711	9	explored	explore	VERB
cblr-2930	711	10	four	four	NUM
cblr-2930	711	11	mechanisms	mechanism	NOUN
cblr-2930	711	12	that	that	PRON
cblr-2930	711	13	contribute	contribute	VERB
cblr-2930	711	14	to	to	ADP
cblr-2930	711	15	voting	vote	VERB
cblr-2930	711	16	efficiency	efficiency	NOUN
cblr-2930	711	17	.	.	PUNCT
cblr-2930	712	1	in	in	ADP
cblr-2930	712	2	practice	practice	NOUN
cblr-2930	712	3	,	,	PUNCT
cblr-2930	712	4	none	none	NOUN
cblr-2930	712	5	of	of	ADP
cblr-2930	712	6	the	the	DET
cblr-2930	712	7	mechanisms	mechanism	NOUN
cblr-2930	712	8	will	will	AUX
cblr-2930	712	9	operate	operate	VERB
cblr-2930	712	10	perfectly	perfectly	ADV
cblr-2930	712	11	,	,	PUNCT
cblr-2930	712	12	nor	nor	CCONJ
cblr-2930	712	13	would	would	AUX
cblr-2930	712	14	we	we	PRON
cblr-2930	712	15	necessarily	necessarily	ADV
cblr-2930	712	16	want	want	VERB
cblr-2930	712	17	any	any	PRON
cblr-2930	712	18	of	of	ADP
cblr-2930	712	19	them	they	PRON
cblr-2930	712	20	to	to	PART
cblr-2930	712	21	operate	operate	VERB
cblr-2930	712	22	perfectly	perfectly	ADV
cblr-2930	712	23	given	give	VERB
cblr-2930	712	24	the	the	DET
cblr-2930	712	25	trade	trade	NOUN
cblr-2930	712	26	-	-	PUNCT
cblr-2930	712	27	offs	off	NOUN
cblr-2930	712	28	between	between	ADP
cblr-2930	712	29	the	the	DET
cblr-2930	712	30	various	various	ADJ
cblr-2930	712	31	mechanisms	mechanism	NOUN
cblr-2930	712	32	.	.	PUNCT
cblr-2930	713	1	if	if	SCONJ
cblr-2930	713	2	,	,	PUNCT
cblr-2930	713	3	for	for	ADP
cblr-2930	713	4	example	example	NOUN
cblr-2930	713	5	,	,	PUNCT
cblr-2930	713	6	all	all	DET
cblr-2930	713	7	shareholders	shareholder	NOUN
cblr-2930	713	8	would	would	AUX
cblr-2930	713	9	come	come	VERB
cblr-2930	713	10	to	to	ADP
cblr-2930	713	11	judgments	judgment	NOUN
cblr-2930	713	12	independently	independently	ADV
cblr-2930	713	13	,	,	PUNCT
cblr-2930	713	14	this	this	PRON
cblr-2930	713	15	could	could	AUX
cblr-2930	713	16	adversely	adversely	ADV
cblr-2930	713	17	affect	affect	VERB
cblr-2930	713	18	the	the	DET
cblr-2930	713	19	level	level	NOUN
cblr-2930	713	20	of	of	ADP
cblr-2930	713	21	informed	informed	ADJ
cblr-2930	713	22	voting	voting	NOUN
cblr-2930	713	23	given	give	VERB
cblr-2930	713	24	that	that	SCONJ
cblr-2930	713	25	expert	expert	ADJ
cblr-2930	713	26	opinions	opinion	NOUN
cblr-2930	713	27	would	would	AUX
cblr-2930	713	28	not	not	PART
cblr-2930	713	29	be	be	AUX
cblr-2930	713	30	taken	take	VERB
cblr-2930	713	31	into	into	ADP
cblr-2930	713	32	account	account	NOUN
cblr-2930	713	33	even	even	ADV
cblr-2930	713	34	if	if	SCONJ
cblr-2930	713	35	they	they	PRON
cblr-2930	713	36	convey	convey	VERB
cblr-2930	713	37	useful	useful	ADJ
cblr-2930	713	38	information	information	NOUN
cblr-2930	713	39	.	.	PUNCT
cblr-2930	714	1	if	if	SCONJ
cblr-2930	714	2	all	all	DET
cblr-2930	714	3	shareholders	shareholder	NOUN
cblr-2930	714	4	would	would	AUX
cblr-2930	714	5	vote	vote	VERB
cblr-2930	714	6	rationally	rationally	ADV
cblr-2930	714	7	,	,	PUNCT
cblr-2930	714	8	this	this	PRON
cblr-2930	714	9	could	could	AUX
cblr-2930	714	10	result	result	VERB
cblr-2930	714	11	in	in	ADP
cblr-2930	714	12	more	more	ADV
cblr-2930	714	13	accurate	accurate	ADJ
cblr-2930	714	14	judgments	judgment	NOUN
cblr-2930	714	15	but	but	CCONJ
cblr-2930	714	16	also	also	ADV
cblr-2930	714	17	in	in	ADP
cblr-2930	714	18	more	more	ADV
cblr-2930	714	19	epistemic	epistemic	ADJ
cblr-2930	714	20	free	free	ADJ
cblr-2930	714	21	riding	riding	NOUN
cblr-2930	714	22	,	,	PUNCT
cblr-2930	714	23	more	more	ADJ
cblr-2930	714	24	abstention	abstention	NOUN
cblr-2930	714	25	,	,	PUNCT
cblr-2930	714	26	and	and	CCONJ
cblr-2930	714	27	too	too	ADV
cblr-2930	714	28	much	much	ADJ
cblr-2930	714	29	strategic	strategic	ADJ
cblr-2930	714	30	voting	voting	NOUN
cblr-2930	714	31	.	.	PUNCT
cblr-2930	715	1	thus	thus	ADV
cblr-2930	715	2	,	,	PUNCT
cblr-2930	715	3	the	the	DET
cblr-2930	715	4	taxonomy	taxonomy	NOUN
cblr-2930	715	5	does	do	AUX
cblr-2930	715	6	not	not	PART
cblr-2930	715	7	provide	provide	VERB
cblr-2930	715	8	straightforward	straightforward	ADJ
cblr-2930	715	9	guidelines	guideline	NOUN
cblr-2930	715	10	as	as	ADP
cblr-2930	715	11	to	to	ADP
cblr-2930	715	12	how	how	SCONJ
cblr-2930	715	13	voting	voting	NOUN
cblr-2930	715	14	efficiency	efficiency	NOUN
cblr-2930	715	15	can	can	AUX
cblr-2930	715	16	be	be	AUX
cblr-2930	715	17	promoted	promote	VERB
cblr-2930	715	18	.	.	PUNCT
cblr-2930	716	1	however	however	ADV
cblr-2930	716	2	,	,	PUNCT
cblr-2930	716	3	it	it	PRON
cblr-2930	716	4	does	do	AUX
cblr-2930	716	5	offer	offer	VERB
cblr-2930	716	6	insight	insight	NOUN
cblr-2930	716	7	into	into	ADP
cblr-2930	716	8	the	the	DET
cblr-2930	716	9	determinants	determinant	NOUN
cblr-2930	716	10	of	of	ADP
cblr-2930	716	11	voting	voting	NOUN
cblr-2930	716	12	efficiency	efficiency	NOUN
cblr-2930	716	13	,	,	PUNCT
cblr-2930	716	14	which	which	PRON
cblr-2930	716	15	in	in	ADP
cblr-2930	716	16	turn	turn	NOUN
cblr-2930	716	17	enables	enable	VERB
cblr-2930	716	18	sophisticated	sophisticated	ADJ
cblr-2930	716	19	analysis	analysis	NOUN
cblr-2930	716	20	of	of	ADP
cblr-2930	716	21	the	the	DET
cblr-2930	716	22	effects	effect	NOUN
cblr-2930	716	23	of	of	ADP
cblr-2930	716	24	current	current	ADJ
cblr-2930	716	25	issues	issue	NOUN
cblr-2930	716	26	relating	relate	VERB
cblr-2930	716	27	to	to	ADP
cblr-2930	716	28	shareholder	shareholder	NOUN
cblr-2930	716	29	voting	voting	NOUN
cblr-2930	716	30	.	.	PUNCT
cblr-2930	717	1	fmding	fmde	VERB
cblr-2930	717	2	that	that	SCONJ
cblr-2930	717	3	"	"	PUNCT
cblr-2930	717	4	routine	routine	ADJ
cblr-2930	717	5	"	"	PUNCT
cblr-2930	717	6	management	management	NOUN
cblr-2930	717	7	proposals	proposal	NOUN
cblr-2930	717	8	received	receive	VERB
cblr-2930	717	9	,	,	PUNCT
cblr-2930	717	10	on	on	ADP
cblr-2930	717	11	average	average	ADJ
cblr-2930	717	12	,	,	PUNCT
cblr-2930	717	13	eight	eight	NUM
cblr-2930	717	14	percent	percent	NOUN
cblr-2930	717	15	more	more	ADJ
cblr-2930	717	16	votes	vote	NOUN
cblr-2930	717	17	favorable	favorable	ADJ
cblr-2930	717	18	to	to	ADP
cblr-2930	717	19	management	management	NOUN
cblr-2930	717	20	than	than	ADP
cblr-2930	717	21	"	"	PUNCT
cblr-2930	717	22	non	non	ADJ
cblr-2930	717	23	-	-	ADJ
cblr-2930	717	24	routine	routine	ADJ
cblr-2930	717	25	"	"	PUNCT
cblr-2930	717	26	proposals	proposal	NOUN
cblr-2930	717	27	)	)	PUNCT
cblr-2930	717	28	.	.	PUNCT
cblr-2930	718	1	1	1	X
cblr-2930	718	2	'	'	PUNCT
cblr-2930	718	3	see	see	VERB
cblr-2930	718	4	ernst	ernst	PROPN
cblr-2930	718	5	g.	g.	PROPN
cblr-2930	718	6	maug	maug	PROPN
cblr-2930	718	7	,	,	PUNCT
cblr-2930	718	8	how	how	SCONJ
cblr-2930	718	9	effective	effective	ADJ
cblr-2930	718	10	is	be	AUX
cblr-2930	718	11	proxy	proxy	ADJ
cblr-2930	718	12	voting	voting	NOUN
cblr-2930	718	13	?	?	PUNCT
cblr-2930	719	1	information	information	NOUN
cblr-2930	719	2	aggregation	aggregation	NOUN
cblr-2930	719	3	and	and	CCONJ
cblr-2930	719	4	conflict	conflict	NOUN
cblr-2930	719	5	resolution	resolution	NOUN
cblr-2930	719	6	in	in	ADP
cblr-2930	719	7	corporate	corporate	ADJ
cblr-2930	719	8	voting	voting	NOUN
cblr-2930	719	9	contests	contest	NOUN
cblr-2930	719	10	17	17	NUM
cblr-2930	719	11	(	(	PUNCT
cblr-2930	719	12	1999	1999	NUM
cblr-2930	719	13	)	)	PUNCT
cblr-2930	719	14	(	(	PUNCT
cblr-2930	719	15	unpublished	unpublished	ADJ
cblr-2930	719	16	manuscript	manuscript	NOUN
cblr-2930	719	17	)	)	PUNCT
cblr-2930	719	18	,	,	PUNCT
cblr-2930	719	19	available	available	ADJ
cblr-2930	719	20	at	at	ADP
cblr-2930	719	21	httpj	httpj	NOUN
cblr-2930	719	22	/	/	SYM
cblr-2930	719	23	ssrn.com	ssrn.com	X
cblr-2930	719	24	/	/	SYM
cblr-2930	719	25	abstract-157693	abstract-157693	NOUN
cblr-2930	719	26	(	(	PUNCT
cblr-2930	719	27	showing	show	VERB
cblr-2930	719	28	that	that	DET
cblr-2930	719	29	strategic	strategic	ADJ
cblr-2930	719	30	voting	voting	NOUN
cblr-2930	719	31	can	can	AUX
cblr-2930	719	32	improve	improve	VERB
cblr-2930	719	33	information	information	NOUN
cblr-2930	719	34	aggregation	aggregation	NOUN
cblr-2930	719	35	but	but	CCONJ
cblr-2930	719	36	noting	note	VERB
cblr-2930	719	37	that	that	SCONJ
cblr-2930	719	38	some	some	DET
cblr-2930	719	39	information	information	NOUN
cblr-2930	719	40	is	be	AUX
cblr-2930	719	41	lost	lose	VERB
cblr-2930	719	42	since	since	SCONJ
cblr-2930	719	43	shareholders	shareholder	NOUN
cblr-2930	719	44	may	may	AUX
cblr-2930	719	45	ignore	ignore	VERB
cblr-2930	719	46	their	their	PRON
cblr-2930	719	47	own	own	ADJ
cblr-2930	719	48	information	information	NOUN
cblr-2930	719	49	and	and	CCONJ
cblr-2930	719	50	base	base	VERB
cblr-2930	719	51	their	their	PRON
cblr-2930	719	52	decisions	decision	NOUN
cblr-2930	719	53	only	only	ADV
cblr-2930	719	54	on	on	ADP
cblr-2930	719	55	the	the	DET
cblr-2930	719	56	information	information	NOUN
cblr-2930	719	57	collected	collect	VERB
cblr-2930	719	58	by	by	ADP
cblr-2930	719	59	other	other	ADJ
cblr-2930	719	60	shareholders	shareholder	NOUN
cblr-2930	719	61	)	)	PUNCT
cblr-2930	719	62	.	.	PUNCT
cblr-2930	720	1	on	on	ADP
cblr-2930	720	2	the	the	DET
cblr-2930	720	3	dual	dual	ADJ
cblr-2930	720	4	effect	effect	NOUN
cblr-2930	720	5	of	of	ADP
cblr-2930	720	6	strategic	strategic	ADJ
cblr-2930	720	7	voting	voting	NOUN
cblr-2930	720	8	,	,	PUNCT
cblr-2930	720	9	see	see	VERB
cblr-2930	720	10	generally	generally	ADV
cblr-2930	720	11	david	david	PROPN
cblr-2930	720	12	austen	austen	PROPN
cblr-2930	720	13	-	-	PUNCT
cblr-2930	720	14	smith	smith	PROPN
cblr-2930	720	15	&	&	CCONJ
cblr-2930	720	16	jeffrey	jeffrey	PROPN
cblr-2930	720	17	s.	s.	PROPN
cblr-2930	720	18	banks	banks	PROPN
cblr-2930	720	19	,	,	PUNCT
cblr-2930	720	20	information	information	NOUN
cblr-2930	720	21	aggregation	aggregation	NOUN
cblr-2930	720	22	,	,	PUNCT
cblr-2930	720	23	rationality	rationality	NOUN
cblr-2930	720	24	,	,	PUNCT
cblr-2930	720	25	and	and	CCONJ
cblr-2930	720	26	the	the	DET
cblr-2930	720	27	condorcet	condorcet	ADJ
cblr-2930	720	28	jury	jury	NOUN
cblr-2930	720	29	theorem	theorem	VERB
cblr-2930	720	30	,	,	PUNCT
cblr-2930	720	31	90	90	NUM
cblr-2930	720	32	am	am	NOUN
cblr-2930	720	33	.	.	PUNCT
cblr-2930	721	1	pol	pol	PROPN
cblr-2930	721	2	.	.	PUNCT
cblr-2930	722	1	scl	scl	PROPN
cblr-2930	722	2	.	.	PROPN
cblr-2930	723	1	rev	rev	PROPN
cblr-2930	723	2	.	.	PROPN
cblr-2930	723	3	34	34	NUM
cblr-2930	723	4	(	(	PUNCT
cblr-2930	723	5	1996	1996	NUM
cblr-2930	723	6	)	)	PUNCT
cblr-2930	723	7	;	;	PUNCT
cblr-2930	724	1	timothy	timothy	PROPN
cblr-2930	724	2	feddersen	feddersen	PROPN
cblr-2930	724	3	&	&	CCONJ
cblr-2930	724	4	wolfgang	wolfgang	PROPN
cblr-2930	724	5	pesendorfer	pesendorfer	PROPN
cblr-2930	724	6	,	,	PUNCT
cblr-2930	724	7	voting	voting	NOUN
cblr-2930	724	8	behavior	behavior	NOUN
cblr-2930	724	9	and	and	CCONJ
cblr-2930	724	10	information	information	NOUN
cblr-2930	724	11	aggregation	aggregation	NOUN
cblr-2930	724	12	in	in	ADP
cblr-2930	724	13	elections	election	NOUN
cblr-2930	724	14	with	with	ADP
cblr-2930	724	15	private	private	ADJ
cblr-2930	724	16	information	information	NOUN
cblr-2930	724	17	,	,	PUNCT
cblr-2930	724	18	65	65	NUM
cblr-2930	724	19	economeruca	economeruca	PROPN
cblr-2930	724	20	1029	1029	NUM
cblr-2930	724	21	(	(	PUNCT
cblr-2930	724	22	1997	1997	NUM
cblr-2930	724	23	)	)	PUNCT
cblr-2930	724	24	;	;	PUNCT
cblr-2930	724	25	john	john	PROPN
cblr-2930	724	26	ferejohn	ferejohn	PROPN
cblr-2930	724	27	,	,	PUNCT
cblr-2930	724	28	the	the	DET
cblr-2930	724	29	lure	lure	NOUN
cblr-2930	724	30	of	of	ADP
cblr-2930	724	31	large	large	ADJ
cblr-2930	724	32	numbers	number	NOUN
cblr-2930	724	33	,	,	PUNCT
cblr-2930	724	34	123	123	NUM
cblr-2930	724	35	harv	harv	NOUN
cblr-2930	724	36	.	.	PUNCT
cblr-2930	725	1	l.	l.	PROPN
cblr-2930	725	2	rev	rev	PROPN
cblr-2930	725	3	.	.	PROPN
cblr-2930	725	4	1969	1969	NUM
cblr-2930	725	5	,	,	PUNCT
cblr-2930	725	6	1986	1986	NUM
cblr-2930	725	7	(	(	PUNCT
cblr-2930	725	8	2010	2010	NUM
cblr-2930	725	9	)	)	PUNCT
cblr-2930	725	10	;	;	PUNCT
cblr-2930	725	11	spiekermann	spiekermann	PROPN
cblr-2930	725	12	&	&	CCONJ
cblr-2930	725	13	goodin	goodin	PROPN
cblr-2930	725	14	,	,	PUNCT
cblr-2930	725	15	supra	supra	PROPN
cblr-2930	725	16	note	note	NOUN
cblr-2930	725	17	94	94	NUM
cblr-2930	725	18	.	.	PUNCT
cblr-2930	725	19	808	808	NUM
cblr-2930	726	1	[	[	X
cblr-2930	726	2	vol	vol	NOUN
cblr-2930	726	3	.	.	PUNCT
cblr-2930	727	1	2010	2010	NUM
cblr-2930	727	2	iii	iii	NOUN
cblr-2930	727	3	.	.	PUNCT
cblr-2930	728	1	the	the	DET
cblr-2930	728	2	limits	limit	NOUN
cblr-2930	728	3	of	of	ADP
cblr-2930	728	4	arbitrage	arbitrage	NOUN
cblr-2930	728	5	arbitrage	arbitrage	NOUN
cblr-2930	728	6	is	be	AUX
cblr-2930	728	7	a	a	DET
cblr-2930	728	8	crucial	crucial	ADJ
cblr-2930	728	9	mechanism	mechanism	NOUN
cblr-2930	728	10	of	of	ADP
cblr-2930	728	11	market	market	NOUN
cblr-2930	728	12	efficiency	efficiency	NOUN
cblr-2930	728	13	because	because	SCONJ
cblr-2930	728	14	its	its	PRON
cblr-2930	728	15	effect	effect	NOUN
cblr-2930	728	16	is	be	AUX
cblr-2930	728	17	to	to	PART
cblr-2930	728	18	bring	bring	VERB
cblr-2930	728	19	prices	price	NOUN
cblr-2930	728	20	to	to	ADP
cblr-2930	728	21	fundamental	fundamental	ADJ
cblr-2930	728	22	values	value	NOUN
cblr-2930	728	23	.	.	PUNCT
cblr-2930	728	24	"	"	PUNCT
cblr-2930	729	1	this	this	DET
cblr-2930	729	2	part	part	NOUN
cblr-2930	729	3	shows	show	VERB
cblr-2930	729	4	that	that	SCONJ
cblr-2930	729	5	arbitrage	arbitrage	NOUN
cblr-2930	729	6	can	can	AUX
cblr-2930	729	7	similarly	similarly	ADV
cblr-2930	729	8	improve	improve	VERB
cblr-2930	729	9	voting	voting	NOUN
cblr-2930	729	10	efficiency	efficiency	NOUN
cblr-2930	729	11	.	.	PUNCT
cblr-2930	730	1	even	even	ADV
cblr-2930	730	2	if	if	SCONJ
cblr-2930	730	3	the	the	DET
cblr-2930	730	4	initial	initial	ADJ
cblr-2930	730	5	distribution	distribution	NOUN
cblr-2930	730	6	of	of	ADP
cblr-2930	730	7	information	information	NOUN
cblr-2930	730	8	,	,	PUNCT
cblr-2930	730	9	skills	skill	NOUN
cblr-2930	730	10	,	,	PUNCT
cblr-2930	730	11	and	and	CCONJ
cblr-2930	730	12	preferences	preference	NOUN
cblr-2930	730	13	among	among	ADP
cblr-2930	730	14	shareholders	shareholder	NOUN
cblr-2930	730	15	is	be	AUX
cblr-2930	730	16	such	such	ADJ
cblr-2930	730	17	that	that	SCONJ
cblr-2930	730	18	a	a	DET
cblr-2930	730	19	majority	majority	NOUN
cblr-2930	730	20	of	of	ADP
cblr-2930	730	21	the	the	DET
cblr-2930	730	22	shares	share	NOUN
cblr-2930	730	23	risks	risk	NOUN
cblr-2930	730	24	being	be	AUX
cblr-2930	730	25	voted	vote	VERB
cblr-2930	730	26	in	in	ADP
cblr-2930	730	27	favor	favor	NOUN
cblr-2930	730	28	of	of	ADP
cblr-2930	730	29	the	the	DET
cblr-2930	730	30	incorrect	incorrect	ADJ
cblr-2930	730	31	option	option	NOUN
cblr-2930	730	32	,	,	PUNCT
cblr-2930	730	33	arbitrage	arbitrage	NOUN
cblr-2930	730	34	can	can	AUX
cblr-2930	730	35	reallocate	reallocate	VERB
cblr-2930	730	36	voting	voting	NOUN
cblr-2930	730	37	power	power	NOUN
cblr-2930	730	38	into	into	ADP
cblr-2930	730	39	the	the	DET
cblr-2930	730	40	hands	hand	NOUN
cblr-2930	730	41	of	of	ADP
cblr-2930	730	42	shareholders	shareholder	NOUN
cblr-2930	730	43	with	with	ADP
cblr-2930	730	44	superior	superior	ADJ
cblr-2930	730	45	information	information	NOUN
cblr-2930	730	46	and	and	CCONJ
cblr-2930	730	47	skills	skill	NOUN
cblr-2930	730	48	and	and	CCONJ
cblr-2930	730	49	with	with	ADP
cblr-2930	730	50	appropriate	appropriate	ADJ
cblr-2930	730	51	incentives	incentive	NOUN
cblr-2930	730	52	.	.	PUNCT
cblr-2930	731	1	in	in	ADP
cblr-2930	731	2	this	this	DET
cblr-2930	731	3	way	way	NOUN
cblr-2930	731	4	,	,	PUNCT
cblr-2930	731	5	arbitrage	arbitrage	NOUN
cblr-2930	731	6	increases	increase	VERB
cblr-2930	731	7	the	the	DET
cblr-2930	731	8	probability	probability	NOUN
cblr-2930	731	9	that	that	SCONJ
cblr-2930	731	10	a	a	DET
cblr-2930	731	11	majority	majority	NOUN
cblr-2930	731	12	of	of	ADP
cblr-2930	731	13	the	the	DET
cblr-2930	731	14	shares	share	NOUN
cblr-2930	731	15	will	will	AUX
cblr-2930	731	16	be	be	AUX
cblr-2930	731	17	voted	vote	VERB
cblr-2930	731	18	in	in	ADP
cblr-2930	731	19	favor	favor	NOUN
cblr-2930	731	20	of	of	ADP
cblr-2930	731	21	the	the	DET
cblr-2930	731	22	correct	correct	ADJ
cblr-2930	731	23	option	option	NOUN
cblr-2930	731	24	.	.	PUNCT
cblr-2930	732	1	to	to	PART
cblr-2930	732	2	be	be	AUX
cblr-2930	732	3	sure	sure	ADJ
cblr-2930	732	4	,	,	PUNCT
cblr-2930	732	5	there	there	PRON
cblr-2930	732	6	are	be	VERB
cblr-2930	732	7	differences	difference	NOUN
cblr-2930	732	8	between	between	ADP
cblr-2930	732	9	securities	security	NOUN
cblr-2930	732	10	arbitrage	arbitrage	NOUN
cblr-2930	732	11	and	and	CCONJ
cblr-2930	732	12	voting	voting	NOUN
cblr-2930	732	13	arbitrage	arbitrage	NOUN
cblr-2930	732	14	that	that	PRON
cblr-2930	732	15	render	render	VERB
cblr-2930	732	16	the	the	DET
cblr-2930	732	17	analogy	analogy	NOUN
cblr-2930	732	18	imperfect	imperfect	NOUN
cblr-2930	732	19	.	.	PUNCT
cblr-2930	733	1	perhaps	perhaps	ADV
cblr-2930	733	2	the	the	DET
cblr-2930	733	3	most	most	ADV
cblr-2930	733	4	striking	striking	ADJ
cblr-2930	733	5	difference	difference	NOUN
cblr-2930	733	6	concerns	concern	NOUN
cblr-2930	733	7	incentives	incentive	NOUN
cblr-2930	733	8	.	.	PUNCT
cblr-2930	734	1	securities	security	NOUN
cblr-2930	734	2	arbitrage	arbitrage	NOUN
cblr-2930	734	3	involves	involve	VERB
cblr-2930	734	4	the	the	DET
cblr-2930	734	5	exploitation	exploitation	NOUN
cblr-2930	734	6	of	of	ADP
cblr-2930	734	7	an	an	DET
cblr-2930	734	8	opportunity	opportunity	NOUN
cblr-2930	734	9	to	to	PART
cblr-2930	734	10	profit	profit	VERB
cblr-2930	734	11	from	from	ADP
cblr-2930	734	12	the	the	DET
cblr-2930	734	13	mispricing	mispricing	NOUN
cblr-2930	734	14	of	of	ADP
cblr-2930	734	15	a	a	DET
cblr-2930	734	16	security	security	NOUN
cblr-2930	734	17	by	by	ADP
cblr-2930	734	18	making	make	VERB
cblr-2930	734	19	money	money	NOUN
cblr-2930	734	20	when	when	SCONJ
cblr-2930	734	21	the	the	DET
cblr-2930	734	22	price	price	NOUN
cblr-2930	734	23	of	of	ADP
cblr-2930	734	24	the	the	DET
cblr-2930	734	25	security	security	NOUN
cblr-2930	734	26	returns	return	NOUN
cblr-2930	734	27	to	to	ADP
cblr-2930	734	28	its	its	PRON
cblr-2930	734	29	fundamental	fundamental	ADJ
cblr-2930	734	30	value	value	NOUN
cblr-2930	734	31	.	.	PUNCT
cblr-2930	735	1	because	because	SCONJ
cblr-2930	735	2	of	of	ADP
cblr-2930	735	3	this	this	DET
cblr-2930	735	4	profit	profit	NOUN
cblr-2930	735	5	potential	potential	NOUN
cblr-2930	735	6	,	,	PUNCT
cblr-2930	735	7	the	the	DET
cblr-2930	735	8	securities	security	NOUN
cblr-2930	735	9	market	market	NOUN
cblr-2930	735	10	"	"	PUNCT
cblr-2930	735	11	creates	create	VERB
cblr-2930	735	12	a	a	DET
cblr-2930	735	13	strong	strong	ADJ
cblr-2930	735	14	incentive	incentive	NOUN
cblr-2930	735	15	for	for	ADP
cblr-2930	735	16	revelation	revelation	NOUN
cblr-2930	735	17	of	of	ADP
cblr-2930	735	18	whatever	whatever	DET
cblr-2930	735	19	information	information	NOUN
cblr-2930	735	20	people	people	NOUN
cblr-2930	735	21	actually	actually	ADV
cblr-2930	735	22	hold	hold	VERB
cblr-2930	735	23	.	.	PUNCT
cblr-2930	736	1	"	"	PUNCT
cblr-2930	736	2	"	"	PUNCT
cblr-2930	736	3	'	'	PUNCT
cblr-2930	736	4	the	the	DET
cblr-2930	736	5	profit	profit	NOUN
cblr-2930	736	6	potential	potential	NOUN
cblr-2930	736	7	from	from	ADP
cblr-2930	736	8	engaging	engage	VERB
cblr-2930	736	9	in	in	ADP
cblr-2930	736	10	voting	vote	VERB
cblr-2930	736	11	arbitrage	arbitrage	NOUN
cblr-2930	736	12	is	be	AUX
cblr-2930	736	13	far	far	ADV
cblr-2930	736	14	less	less	ADV
cblr-2930	736	15	concrete	concrete	ADJ
cblr-2930	736	16	.	.	PUNCT
cblr-2930	737	1	the	the	DET
cblr-2930	737	2	shareholder	shareholder	NOUN
cblr-2930	737	3	's	's	PART
cblr-2930	737	4	reward	reward	NOUN
cblr-2930	737	5	for	for	ADP
cblr-2930	737	6	spending	spend	VERB
cblr-2930	737	7	resources	resource	NOUN
cblr-2930	737	8	to	to	PART
cblr-2930	737	9	promote	promote	VERB
cblr-2930	737	10	a	a	DET
cblr-2930	737	11	correct	correct	ADJ
cblr-2930	737	12	voting	voting	NOUN
cblr-2930	737	13	outcome	outcome	NOUN
cblr-2930	737	14	is	be	AUX
cblr-2930	737	15	that	that	SCONJ
cblr-2930	737	16	ultimately	ultimately	ADV
cblr-2930	737	17	he	he	PRON
cblr-2930	737	18	should	should	AUX
cblr-2930	737	19	profit	profit	VERB
cblr-2930	737	20	from	from	ADP
cblr-2930	737	21	an	an	DET
cblr-2930	737	22	increase	increase	NOUN
cblr-2930	737	23	in	in	ADP
cblr-2930	737	24	the	the	DET
cblr-2930	737	25	value	value	NOUN
cblr-2930	737	26	of	of	ADP
cblr-2930	737	27	the	the	DET
cblr-2930	737	28	firm	firm	NOUN
cblr-2930	737	29	if	if	SCONJ
cblr-2930	737	30	the	the	DET
cblr-2930	737	31	correct	correct	ADJ
cblr-2930	737	32	option	option	NOUN
cblr-2930	737	33	is	be	AUX
cblr-2930	737	34	chosen	choose	VERB
cblr-2930	737	35	.	.	PUNCT
cblr-2930	738	1	the	the	DET
cblr-2930	738	2	shareholder	shareholder	NOUN
cblr-2930	738	3	will	will	AUX
cblr-2930	738	4	not	not	PART
cblr-2930	738	5	capture	capture	VERB
cblr-2930	738	6	the	the	DET
cblr-2930	738	7	full	full	ADJ
cblr-2930	738	8	increase	increase	NOUN
cblr-2930	738	9	in	in	ADP
cblr-2930	738	10	firm	firm	ADJ
cblr-2930	738	11	value	value	NOUN
cblr-2930	738	12	;	;	PUNCT
cblr-2930	738	13	he	he	PRON
cblr-2930	738	14	can	can	AUX
cblr-2930	738	15	only	only	ADV
cblr-2930	738	16	hope	hope	VERB
cblr-2930	738	17	to	to	PART
cblr-2930	738	18	receive	receive	VERB
cblr-2930	738	19	,	,	PUNCT
cblr-2930	738	20	through	through	ADP
cblr-2930	738	21	a	a	DET
cblr-2930	738	22	capital	capital	NOUN
cblr-2930	738	23	gain	gain	NOUN
cblr-2930	738	24	on	on	ADP
cblr-2930	738	25	his	his	PRON
cblr-2930	738	26	shares	share	NOUN
cblr-2930	738	27	,	,	PUNCT
cblr-2930	738	28	a	a	DET
cblr-2930	738	29	pro	pro	ADJ
cblr-2930	738	30	rata	rata	ADJ
cblr-2930	738	31	share	share	NOUN
cblr-2930	738	32	,	,	PUNCT
cblr-2930	738	33	while	while	SCONJ
cblr-2930	738	34	the	the	DET
cblr-2930	738	35	other	other	ADJ
cblr-2930	738	36	shareholders	shareholder	NOUN
cblr-2930	738	37	will	will	AUX
cblr-2930	738	38	receive	receive	VERB
cblr-2930	738	39	their	their	PRON
cblr-2930	738	40	pro	pro	ADJ
cblr-2930	738	41	rata	rata	ADJ
cblr-2930	738	42	share	share	NOUN
cblr-2930	738	43	.	.	PUNCT
cblr-2930	739	1	"9	"9	PROPN
cblr-2930	740	1	but	but	CCONJ
cblr-2930	740	2	let	let	VERB
cblr-2930	740	3	us	we	PRON
cblr-2930	740	4	put	put	VERB
cblr-2930	740	5	differences	difference	NOUN
cblr-2930	740	6	aside	aside	ADV
cblr-2930	740	7	and	and	CCONJ
cblr-2930	740	8	focus	focus	VERB
cblr-2930	740	9	on	on	ADP
cblr-2930	740	10	similarities	similarity	NOUN
cblr-2930	740	11	:	:	PUNCT
cblr-2930	740	12	at	at	ADP
cblr-2930	740	13	a	a	DET
cblr-2930	740	14	fundamental	fundamental	ADJ
cblr-2930	740	15	level	level	NOUN
cblr-2930	740	16	,	,	PUNCT
cblr-2930	740	17	both	both	PRON
cblr-2930	740	18	securities	security	NOUN
cblr-2930	740	19	arbitrage	arbitrage	NOUN
cblr-2930	740	20	and	and	CCONJ
cblr-2930	740	21	voting	voting	NOUN
cblr-2930	740	22	arbitrage	arbitrage	NOUN
cblr-2930	740	23	concern	concern	NOUN
cblr-2930	740	24	the	the	DET
cblr-2930	740	25	removal	removal	NOUN
cblr-2930	740	26	of	of	ADP
cblr-2930	740	27	information	information	NOUN
cblr-2930	740	28	asymmetry	asymmetry	NOUN
cblr-2930	740	29	.	.	PUNCT
cblr-2930	741	1	from	from	ADP
cblr-2930	741	2	this	this	DET
cblr-2930	741	3	perspective	perspective	NOUN
cblr-2930	741	4	,	,	PUNCT
cblr-2930	741	5	there	there	PRON
cblr-2930	741	6	are	be	VERB
cblr-2930	741	7	three	three	NUM
cblr-2930	741	8	strategies	strategy	NOUN
cblr-2930	741	9	that	that	PRON
cblr-2930	741	10	a	a	DET
cblr-2930	741	11	117	117	NUM
cblr-2930	741	12	see	see	NOUN
cblr-2930	741	13	andrei	andrei	PROPN
cblr-2930	741	14	shleifer	shleifer	PROPN
cblr-2930	741	15	&	&	CCONJ
cblr-2930	741	16	robert	robert	PROPN
cblr-2930	741	17	w.	w.	PROPN
cblr-2930	741	18	vishny	vishny	PROPN
cblr-2930	741	19	,	,	PUNCT
cblr-2930	741	20	the	the	DET
cblr-2930	741	21	limits	limit	NOUN
cblr-2930	741	22	ofarbitrage	ofarbitrage	NOUN
cblr-2930	741	23	,	,	PUNCT
cblr-2930	741	24	52	52	NUM
cblr-2930	741	25	j.	j.	PROPN
cblr-2930	741	26	fin	fin	PROPN
cblr-2930	741	27	.	.	PROPN
cblr-2930	741	28	35	35	NUM
cblr-2930	741	29	(	(	PUNCT
cblr-2930	741	30	1997	1997	NUM
cblr-2930	741	31	)	)	PUNCT
cblr-2930	741	32	.	.	PUNCT
cblr-2930	742	1	1	1	NUM
cblr-2930	742	2	sunstein	sunstein	NOUN
cblr-2930	742	3	,	,	PUNCT
cblr-2930	742	4	supra	supra	PROPN
cblr-2930	742	5	note	note	NOUN
cblr-2930	742	6	16	16	NUM
cblr-2930	742	7	,	,	PUNCT
cblr-2930	742	8	at	at	ADP
cblr-2930	742	9	106	106	NUM
cblr-2930	742	10	.	.	PUNCT
cblr-2930	743	1	n1	n1	PROPN
cblr-2930	743	2	thus	thus	ADV
cblr-2930	743	3	,	,	PUNCT
cblr-2930	743	4	free	free	ADJ
cblr-2930	743	5	rider	rider	NOUN
cblr-2930	743	6	problems	problem	NOUN
cblr-2930	743	7	do	do	AUX
cblr-2930	743	8	not	not	PART
cblr-2930	743	9	only	only	ADV
cblr-2930	743	10	limit	limit	VERB
cblr-2930	743	11	incentives	incentive	NOUN
cblr-2930	743	12	for	for	SCONJ
cblr-2930	743	13	shareholders	shareholder	NOUN
cblr-2930	743	14	to	to	PART
cblr-2930	743	15	invest	invest	VERB
cblr-2930	743	16	in	in	ADP
cblr-2930	743	17	monitoring	monitoring	NOUN
cblr-2930	743	18	but	but	CCONJ
cblr-2930	743	19	also	also	ADV
cblr-2930	743	20	to	to	PART
cblr-2930	743	21	engage	engage	VERB
cblr-2930	743	22	in	in	ADP
cblr-2930	743	23	arbitrage	arbitrage	NOUN
cblr-2930	743	24	.	.	PUNCT
cblr-2930	744	1	mechanisms	mechanism	NOUN
cblr-2930	744	2	of	of	ADP
cblr-2930	744	3	voting	vote	VERB
cblr-2930	744	4	efficiency	efficiency	NOUN
cblr-2930	744	5	809no	809no	NOUN
cblr-2930	744	6	.	.	PUNCT
cblr-2930	745	1	3:763]1	3:763]1	PROPN
cblr-2930	745	2	columbia	columbia	PROPN
cblr-2930	745	3	business	business	NOUN
cblr-2930	745	4	law	law	PROPN
cblr-2930	745	5	review	review	NOUN
cblr-2930	745	6	shareholder	shareholder	NOUN
cblr-2930	745	7	with	with	ADP
cblr-2930	745	8	superior	superior	ADJ
cblr-2930	745	9	information	information	NOUN
cblr-2930	745	10	about	about	ADP
cblr-2930	745	11	the	the	DET
cblr-2930	745	12	correct	correct	ADJ
cblr-2930	745	13	option	option	NOUN
cblr-2930	745	14	could	could	AUX
cblr-2930	745	15	deploy	deploy	VERB
cblr-2930	745	16	to	to	PART
cblr-2930	745	17	leverage	leverage	VERB
cblr-2930	745	18	his	his	PRON
cblr-2930	745	19	information	information	NOUN
cblr-2930	745	20	and	and	CCONJ
cblr-2930	745	21	increase	increase	VERB
cblr-2930	745	22	the	the	DET
cblr-2930	745	23	probability	probability	NOUN
cblr-2930	745	24	that	that	SCONJ
cblr-2930	745	25	a	a	DET
cblr-2930	745	26	majority	majority	NOUN
cblr-2930	745	27	of	of	ADP
cblr-2930	745	28	the	the	DET
cblr-2930	745	29	votes	vote	NOUN
cblr-2930	745	30	will	will	AUX
cblr-2930	745	31	be	be	AUX
cblr-2930	745	32	cast	cast	VERB
cblr-2930	745	33	in	in	ADP
cblr-2930	745	34	favor	favor	NOUN
cblr-2930	745	35	of	of	ADP
cblr-2930	745	36	that	that	DET
cblr-2930	745	37	option	option	NOUN
cblr-2930	745	38	:	:	PUNCT
cblr-2930	745	39	(	(	PUNCT
cblr-2930	745	40	1	1	X
cblr-2930	745	41	)	)	PUNCT
cblr-2930	745	42	buying	buy	VERB
cblr-2930	745	43	additional	additional	ADJ
cblr-2930	745	44	shares	share	NOUN
cblr-2930	745	45	and	and	CCONJ
cblr-2930	745	46	thus	thus	ADV
cblr-2930	745	47	voting	vote	VERB
cblr-2930	745	48	rights	right	NOUN
cblr-2930	745	49	,	,	PUNCT
cblr-2930	745	50	(	(	PUNCT
cblr-2930	745	51	2	2	X
cblr-2930	745	52	)	)	PUNCT
cblr-2930	745	53	soliciting	solicit	VERB
cblr-2930	745	54	proxies	proxy	NOUN
cblr-2930	745	55	,	,	PUNCT
cblr-2930	745	56	and	and	CCONJ
cblr-2930	745	57	(	(	PUNCT
cblr-2930	745	58	3	3	X
cblr-2930	745	59	)	)	PUNCT
cblr-2930	745	60	buying	buy	VERB
cblr-2930	745	61	votes	vote	NOUN
cblr-2930	745	62	without	without	ADP
cblr-2930	745	63	the	the	DET
cblr-2930	745	64	corresponding	corresponding	ADJ
cblr-2930	745	65	economic	economic	ADJ
cblr-2930	745	66	rights	right	NOUN
cblr-2930	745	67	.	.	PUNCT
cblr-2930	746	1	the	the	DET
cblr-2930	746	2	limits	limit	NOUN
cblr-2930	746	3	of	of	ADP
cblr-2930	746	4	voting	vote	VERB
cblr-2930	746	5	arbitrage	arbitrage	NOUN
cblr-2930	746	6	become	become	VERB
cblr-2930	746	7	clear	clear	ADJ
cblr-2930	746	8	as	as	SCONJ
cblr-2930	746	9	we	we	PRON
cblr-2930	746	10	focus	focus	VERB
cblr-2930	746	11	on	on	ADP
cblr-2930	746	12	cost	cost	NOUN
cblr-2930	746	13	constraints	constraint	NOUN
cblr-2930	746	14	and	and	CCONJ
cblr-2930	746	15	legal	legal	ADJ
cblr-2930	746	16	constraints	constraint	NOUN
cblr-2930	746	17	to	to	ADP
cblr-2930	746	18	these	these	DET
cblr-2930	746	19	strategies	strategy	NOUN
cblr-2930	746	20	.	.	PUNCT
cblr-2930	747	1	a.	a.	NOUN
cblr-2930	747	2	share	share	NOUN
cblr-2930	747	3	trading	trading	NOUN
cblr-2930	747	4	in	in	ADP
cblr-2930	747	5	the	the	DET
cblr-2930	747	6	early	early	ADJ
cblr-2930	747	7	19th	19th	ADJ
cblr-2930	747	8	century	century	NOUN
cblr-2930	747	9	,	,	PUNCT
cblr-2930	747	10	it	it	PRON
cblr-2930	747	11	was	be	AUX
cblr-2930	747	12	not	not	PART
cblr-2930	747	13	uncommon	uncommon	ADJ
cblr-2930	747	14	for	for	SCONJ
cblr-2930	747	15	u.s	u.s	PROPN
cblr-2930	747	16	.	.	PROPN
cblr-2930	747	17	firms	firm	NOUN
cblr-2930	747	18	to	to	PART
cblr-2930	747	19	award	award	VERB
cblr-2930	747	20	only	only	ADV
cblr-2930	747	21	one	one	NUM
cblr-2930	747	22	vote	vote	NOUN
cblr-2930	747	23	per	per	ADP
cblr-2930	747	24	shareholder	shareholder	NOUN
cblr-2930	747	25	.	.	PUNCT
cblr-2930	748	1	120	120	NUM
cblr-2930	748	2	for	for	ADP
cblr-2930	748	3	individual	individual	ADJ
cblr-2930	748	4	shareholders	shareholder	NOUN
cblr-2930	748	5	of	of	ADP
cblr-2930	748	6	these	these	DET
cblr-2930	748	7	firms	firm	NOUN
cblr-2930	748	8	it	it	PRON
cblr-2930	748	9	must	must	AUX
cblr-2930	748	10	have	have	AUX
cblr-2930	748	11	been	be	AUX
cblr-2930	748	12	difficult	difficult	ADJ
cblr-2930	748	13	to	to	PART
cblr-2930	748	14	leverage	leverage	VERB
cblr-2930	748	15	possession	possession	NOUN
cblr-2930	748	16	of	of	ADP
cblr-2930	748	17	superior	superior	ADJ
cblr-2930	748	18	information	information	NOUN
cblr-2930	748	19	,	,	PUNCT
cblr-2930	748	20	other	other	ADJ
cblr-2930	748	21	than	than	ADP
cblr-2930	748	22	through	through	ADP
cblr-2930	748	23	persuasion	persuasion	NOUN
cblr-2930	748	24	of	of	ADP
cblr-2930	748	25	other	other	ADJ
cblr-2930	748	26	shareholders	shareholder	NOUN
cblr-2930	748	27	.	.	PUNCT
cblr-2930	749	1	nowadays	nowadays	ADV
cblr-2930	749	2	,	,	PUNCT
cblr-2930	749	3	the	the	DET
cblr-2930	749	4	default	default	NOUN
cblr-2930	749	5	rule	rule	NOUN
cblr-2930	749	6	is	be	AUX
cblr-2930	749	7	that	that	SCONJ
cblr-2930	749	8	each	each	DET
cblr-2930	749	9	share	share	NOUN
cblr-2930	749	10	conveys	convey	VERB
cblr-2930	749	11	the	the	DET
cblr-2930	749	12	right	right	NOUN
cblr-2930	749	13	to	to	PART
cblr-2930	749	14	exercise	exercise	VERB
cblr-2930	749	15	one	one	NUM
cblr-2930	749	16	vote	vote	NOUN
cblr-2930	749	17	.	.	PUNCT
cblr-2930	750	1	consequently	consequently	ADV
cblr-2930	750	2	,	,	PUNCT
cblr-2930	750	3	a	a	DET
cblr-2930	750	4	shareholder	shareholder	NOUN
cblr-2930	750	5	who	who	PRON
cblr-2930	750	6	wishes	wish	VERB
cblr-2930	750	7	to	to	PART
cblr-2930	750	8	leverage	leverage	VERB
cblr-2930	750	9	superior	superior	ADJ
cblr-2930	750	10	information	information	NOUN
cblr-2930	750	11	can	can	AUX
cblr-2930	750	12	increase	increase	VERB
cblr-2930	750	13	her	her	PRON
cblr-2930	750	14	influence	influence	NOUN
cblr-2930	750	15	simply	simply	ADV
cblr-2930	750	16	by	by	ADP
cblr-2930	750	17	purchasing	purchase	VERB
cblr-2930	750	18	more	more	ADJ
cblr-2930	750	19	shares	share	NOUN
cblr-2930	750	20	and	and	CCONJ
cblr-2930	750	21	thus	thus	ADV
cblr-2930	750	22	more	more	ADJ
cblr-2930	750	23	votes	vote	NOUN
cblr-2930	750	24	.	.	PUNCT
cblr-2930	751	1	2	2	NUM
cblr-2930	751	2	1	1	NUM
cblr-2930	751	3	the	the	DET
cblr-2930	751	4	clearest	clear	ADJ
cblr-2930	751	5	example	example	NOUN
cblr-2930	751	6	of	of	ADP
cblr-2930	751	7	this	this	DET
cblr-2930	751	8	strategy	strategy	NOUN
cblr-2930	751	9	is	be	AUX
cblr-2930	751	10	the	the	DET
cblr-2930	751	11	tender	tender	NOUN
cblr-2930	751	12	offer	offer	NOUN
cblr-2930	751	13	.	.	PUNCT
cblr-2930	752	1	by	by	ADP
cblr-2930	752	2	acquiring	acquire	VERB
cblr-2930	752	3	a	a	DET
cblr-2930	752	4	majority	majority	NOUN
cblr-2930	752	5	of	of	ADP
cblr-2930	752	6	the	the	DET
cblr-2930	752	7	shares	share	NOUN
cblr-2930	752	8	and	and	CCONJ
cblr-2930	752	9	thereby	thereby	ADV
cblr-2930	752	10	,	,	PUNCT
cblr-2930	752	11	in	in	ADP
cblr-2930	752	12	principle	principle	NOUN
cblr-2930	752	13	,	,	PUNCT
cblr-2930	752	14	the	the	DET
cblr-2930	752	15	majority	majority	NOUN
cblr-2930	752	16	of	of	ADP
cblr-2930	752	17	the	the	DET
cblr-2930	752	18	votes	vote	NOUN
cblr-2930	752	19	,	,	PUNCT
cblr-2930	752	20	the	the	DET
cblr-2930	752	21	shareholder	shareholder	NOUN
cblr-2930	752	22	who	who	PRON
cblr-2930	752	23	makes	make	VERB
cblr-2930	752	24	the	the	DET
cblr-2930	752	25	tender	tender	ADJ
cblr-2930	752	26	offer	offer	NOUN
cblr-2930	752	27	will	will	AUX
cblr-2930	752	28	obtain	obtain	VERB
cblr-2930	752	29	the	the	DET
cblr-2930	752	30	power	power	NOUN
cblr-2930	752	31	to	to	PART
cblr-2930	752	32	implement	implement	VERB
cblr-2930	752	33	policies	policy	NOUN
cblr-2930	752	34	based	base	VERB
cblr-2930	752	35	on	on	ADP
cblr-2930	752	36	her	her	PRON
cblr-2930	752	37	superior	superior	ADJ
cblr-2930	752	38	information	information	NOUN
cblr-2930	752	39	and	and	CCONJ
cblr-2930	752	40	reap	reap	VERB
cblr-2930	752	41	the	the	DET
cblr-2930	752	42	resulting	result	VERB
cblr-2930	752	43	capital	capital	NOUN
cblr-2930	752	44	gains	gain	NOUN
cblr-2930	752	45	.	.	PUNCT
cblr-2930	753	1	122	122	NUM
cblr-2930	754	1	yet	yet	ADV
cblr-2930	754	2	,	,	PUNCT
cblr-2930	754	3	there	there	PRON
cblr-2930	754	4	is	be	VERB
cblr-2930	754	5	an	an	DET
cblr-2930	754	6	important	important	ADJ
cblr-2930	754	7	120	120	NUM
cblr-2930	754	8	colleen	colleen	PROPN
cblr-2930	754	9	a.	a.	NOUN
cblr-2930	754	10	dunlavy	dunlavy	PROPN
cblr-2930	754	11	,	,	PUNCT
cblr-2930	754	12	social	social	ADJ
cblr-2930	754	13	conceptions	conception	NOUN
cblr-2930	754	14	of	of	ADP
cblr-2930	754	15	the	the	DET
cblr-2930	754	16	corporation	corporation	NOUN
cblr-2930	754	17	:	:	PUNCT
cblr-2930	754	18	insights	insight	NOUN
cblr-2930	754	19	from	from	ADP
cblr-2930	754	20	the	the	DET
cblr-2930	754	21	history	history	NOUN
cblr-2930	754	22	of	of	ADP
cblr-2930	754	23	shareholder	shareholder	NOUN
cblr-2930	754	24	voting	voting	NOUN
cblr-2930	754	25	rights	right	NOUN
cblr-2930	754	26	,	,	PUNCT
cblr-2930	754	27	63	63	NUM
cblr-2930	754	28	wash	wash	NOUN
cblr-2930	754	29	.	.	PUNCT
cblr-2930	754	30	&	&	CCONJ
cblr-2930	754	31	lee	lee	PROPN
cblr-2930	754	32	l.	l.	PROPN
cblr-2930	754	33	rev	rev	PROPN
cblr-2930	754	34	.	.	PROPN
cblr-2930	754	35	1347	1347	NUM
cblr-2930	754	36	,	,	PUNCT
cblr-2930	754	37	1354	1354	NUM
cblr-2930	754	38	-	-	SYM
cblr-2930	754	39	55(2006	55(2006	NUM
cblr-2930	754	40	)	)	PUNCT
cblr-2930	754	41	.	.	PUNCT
cblr-2930	755	1	121	121	NUM
cblr-2930	755	2	see	see	NOUN
cblr-2930	755	3	levmore	levmore	NOUN
cblr-2930	755	4	,	,	PUNCT
cblr-2930	755	5	supra	supra	PROPN
cblr-2930	755	6	note	note	PROPN
cblr-2930	755	7	17	17	NUM
cblr-2930	755	8	,	,	PUNCT
cblr-2930	755	9	at	at	ADP
cblr-2930	755	10	143	143	NUM
cblr-2930	755	11	(	(	PUNCT
cblr-2930	755	12	noting	note	VERB
cblr-2930	755	13	that	that	SCONJ
cblr-2930	755	14	"	"	PUNCT
cblr-2930	755	15	corporate	corporate	ADJ
cblr-2930	755	16	shareholders	shareholder	NOUN
cblr-2930	755	17	can	can	AUX
cblr-2930	755	18	purchase	purchase	VERB
cblr-2930	755	19	stock	stock	NOUN
cblr-2930	755	20	.	.	PUNCT
cblr-2930	755	21	.	.	PUNCT
cblr-2930	756	1	.	.	PUNCT
cblr-2930	757	1	in	in	ADP
cblr-2930	757	2	order	order	NOUN
cblr-2930	757	3	to	to	PART
cblr-2930	757	4	demonstrate	demonstrate	VERB
cblr-2930	757	5	their	their	PRON
cblr-2930	757	6	preferences	preference	NOUN
cblr-2930	757	7	.	.	PUNCT
cblr-2930	757	8	"	"	PUNCT
cblr-2930	757	9	)	)	PUNCT
cblr-2930	757	10	;	;	PUNCT
cblr-2930	757	11	see	see	VERB
cblr-2930	757	12	also	also	ADV
cblr-2930	757	13	sunstein	sunstein	VERB
cblr-2930	757	14	,	,	PUNCT
cblr-2930	757	15	supra	supra	PROPN
cblr-2930	757	16	note	note	NOUN
cblr-2930	757	17	16	16	NUM
cblr-2930	757	18	,	,	PUNCT
cblr-2930	757	19	at	at	ADP
cblr-2930	757	20	130	130	NUM
cblr-2930	757	21	(	(	PUNCT
cblr-2930	757	22	noting	note	VERB
cblr-2930	757	23	that	that	SCONJ
cblr-2930	757	24	"	"	PUNCT
cblr-2930	757	25	[	[	X
cblr-2930	757	26	o]ne	o]ne	ADJ
cblr-2930	757	27	reason	reason	NOUN
cblr-2930	757	28	for	for	ADP
cblr-2930	757	29	the	the	DET
cblr-2930	757	30	current	current	ADJ
cblr-2930	757	31	success	success	NOUN
cblr-2930	757	32	rate	rate	NOUN
cblr-2930	757	33	(	(	PUNCT
cblr-2930	757	34	of	of	ADP
cblr-2930	757	35	prediction	prediction	NOUN
cblr-2930	757	36	markets	market	NOUN
cblr-2930	757	37	]	]	PUNCT
cblr-2930	757	38	is	be	AUX
cblr-2930	757	39	that	that	SCONJ
cblr-2930	757	40	that	that	PRON
cblr-2930	757	41	accurate	accurate	ADJ
cblr-2930	757	42	answers	answer	NOUN
cblr-2930	757	43	can	can	AUX
cblr-2930	757	44	emerge	emerge	VERB
cblr-2930	757	45	even	even	ADV
cblr-2930	757	46	if	if	SCONJ
cblr-2930	757	47	only	only	ADV
cblr-2930	757	48	a	a	DET
cblr-2930	757	49	small	small	ADJ
cblr-2930	757	50	percentage	percentage	NOUN
cblr-2930	757	51	of	of	ADP
cblr-2930	757	52	participants	participant	NOUN
cblr-2930	757	53	have	have	VERB
cblr-2930	757	54	good	good	ADJ
cblr-2930	757	55	information	information	NOUN
cblr-2930	757	56	...	...	PUNCT
cblr-2930	757	57	.deliberating	.deliberate	VERB
cblr-2930	757	58	groups	group	NOUN
cblr-2930	757	59	often	often	ADV
cblr-2930	757	60	operate	operate	VERB
cblr-2930	757	61	on	on	ADP
cblr-2930	757	62	a	a	DET
cblr-2930	757	63	principle	principle	NOUN
cblr-2930	757	64	of	of	ADP
cblr-2930	757	65	'	'	PUNCT
cblr-2930	757	66	one	one	NUM
cblr-2930	757	67	person	person	NOUN
cblr-2930	757	68	,	,	PUNCT
cblr-2930	757	69	one	one	NUM
cblr-2930	757	70	vote	vote	NOUN
cblr-2930	757	71	'	'	PUNCT
cblr-2930	757	72	;	;	PUNCT
cblr-2930	757	73	but	but	CCONJ
cblr-2930	757	74	in	in	ADP
cblr-2930	757	75	a	a	DET
cblr-2930	757	76	prediction	prediction	NOUN
cblr-2930	757	77	market	market	NOUN
cblr-2930	757	78	,	,	PUNCT
cblr-2930	757	79	intense	intense	ADJ
cblr-2930	757	80	preferences	preference	NOUN
cblr-2930	757	81	,	,	PUNCT
cblr-2930	757	82	based	base	VERB
cblr-2930	757	83	on	on	ADP
cblr-2930	757	84	really	really	ADV
cblr-2930	757	85	good	good	ADJ
cblr-2930	757	86	information	information	NOUN
cblr-2930	757	87	,	,	PUNCT
cblr-2930	757	88	can	can	AUX
cblr-2930	757	89	be	be	AUX
cblr-2930	757	90	counted	count	VERB
cblr-2930	757	91	as	as	ADP
cblr-2930	757	92	such	such	ADJ
cblr-2930	757	93	.	.	PUNCT
cblr-2930	757	94	"	"	PUNCT
cblr-2930	757	95	)	)	PUNCT
cblr-2930	757	96	122	122	NUM
cblr-2930	757	97	see	see	VERB
cblr-2930	757	98	sanford	sanford	PROPN
cblr-2930	757	99	j.	j.	PROPN
cblr-2930	757	100	grossman	grossman	PROPN
cblr-2930	757	101	&	&	CCONJ
cblr-2930	757	102	oliver	oliver	PROPN
cblr-2930	757	103	d.	d.	PROPN
cblr-2930	757	104	hart	hart	PROPN
cblr-2930	757	105	,	,	PUNCT
cblr-2930	757	106	the	the	DET
cblr-2930	757	107	allocational	allocational	ADJ
cblr-2930	757	108	role	role	NOUN
cblr-2930	757	109	of	of	ADP
cblr-2930	757	110	takeover	takeover	NOUN
cblr-2930	757	111	bids	bid	NOUN
cblr-2930	757	112	in	in	ADP
cblr-2930	757	113	situations	situation	NOUN
cblr-2930	757	114	of	of	ADP
cblr-2930	757	115	asymmetric	asymmetric	ADJ
cblr-2930	757	116	information	information	NOUN
cblr-2930	757	117	,	,	PUNCT
cblr-2930	757	118	36	36	NUM
cblr-2930	757	119	j.	j.	PROPN
cblr-2930	757	120	fin	fin	PROPN
cblr-2930	757	121	.	.	PROPN
cblr-2930	757	122	253	253	NUM
cblr-2930	757	123	,	,	PUNCT
cblr-2930	757	124	254	254	NUM
cblr-2930	757	125	(	(	PUNCT
cblr-2930	757	126	1981	1981	NUM
cblr-2930	757	127	)	)	PUNCT
cblr-2930	757	128	(	(	PUNCT
cblr-2930	757	129	noting	note	VERB
cblr-2930	757	130	that	that	SCONJ
cblr-2930	757	131	"	"	PUNCT
cblr-2930	757	132	[	[	X
cblr-2930	757	133	ilf	ilf	NOUN
cblr-2930	757	134	an	an	DET
cblr-2930	757	135	outsider	outsider	NOUN
cblr-2930	757	136	has	have	VERB
cblr-2930	757	137	information	information	NOUN
cblr-2930	757	138	which	which	PRON
cblr-2930	757	139	indicates	indicate	VERB
cblr-2930	757	140	that	that	SCONJ
cblr-2930	757	141	a	a	DET
cblr-2930	757	142	profit	profit	NOUN
cblr-2930	757	143	could	could	AUX
cblr-2930	757	144	accrue	accrue	VERB
cblr-2930	757	145	from	from	ADP
cblr-2930	757	146	a	a	DET
cblr-2930	757	147	change	change	NOUN
cblr-2930	757	148	in	in	ADP
cblr-2930	757	149	managerial	managerial	ADJ
cblr-2930	757	150	decisions	decision	NOUN
cblr-2930	757	151	...	...	PUNCT
cblr-2930	758	1	[	[	X
cblr-2930	758	2	t]he	t]he	ADJ
cblr-2930	758	3	only	only	ADJ
cblr-2930	758	4	way	way	NOUN
cblr-2930	758	5	810	810	NUM
cblr-2930	759	1	[	[	X
cblr-2930	759	2	vol	vol	NOUN
cblr-2930	759	3	.	.	PUNCT
cblr-2930	759	4	2010	2010	NUM
cblr-2930	759	5	limitation	limitation	NOUN
cblr-2930	759	6	to	to	ADP
cblr-2930	759	7	this	this	DET
cblr-2930	759	8	arbitrage	arbitrage	NOUN
cblr-2930	759	9	strategy	strategy	NOUN
cblr-2930	759	10	:	:	PUNCT
cblr-2930	759	11	purchasing	purchase	VERB
cblr-2930	759	12	a	a	DET
cblr-2930	759	13	majority	majority	NOUN
cblr-2930	759	14	of	of	ADP
cblr-2930	759	15	the	the	DET
cblr-2930	759	16	shares	share	NOUN
cblr-2930	759	17	of	of	ADP
cblr-2930	759	18	a	a	DET
cblr-2930	759	19	public	public	ADJ
cblr-2930	759	20	firm	firm	NOUN
cblr-2930	759	21	can	can	AUX
cblr-2930	759	22	be	be	AUX
cblr-2930	759	23	very	very	ADV
cblr-2930	759	24	costly	costly	ADJ
cblr-2930	759	25	.	.	PUNCT
cblr-2930	760	1	a	a	DET
cblr-2930	760	2	less	less	ADV
cblr-2930	760	3	costly	costly	ADJ
cblr-2930	760	4	alternative	alternative	NOUN
cblr-2930	760	5	is	be	AUX
cblr-2930	760	6	the	the	DET
cblr-2930	760	7	purchase	purchase	NOUN
cblr-2930	760	8	of	of	ADP
cblr-2930	760	9	such	such	DET
cblr-2930	760	10	a	a	DET
cblr-2930	760	11	number	number	NOUN
cblr-2930	760	12	of	of	ADP
cblr-2930	760	13	shares	share	NOUN
cblr-2930	760	14	as	as	SCONJ
cblr-2930	760	15	needed	need	VERB
cblr-2930	760	16	to	to	PART
cblr-2930	760	17	sway	sway	VERB
cblr-2930	760	18	the	the	DET
cblr-2930	760	19	vote	vote	NOUN
cblr-2930	760	20	,	,	PUNCT
cblr-2930	760	21	or	or	CCONJ
cblr-2930	760	22	at	at	ADP
cblr-2930	760	23	least	least	ADJ
cblr-2930	760	24	to	to	PART
cblr-2930	760	25	increase	increase	VERB
cblr-2930	760	26	the	the	DET
cblr-2930	760	27	probability	probability	NOUN
cblr-2930	760	28	that	that	SCONJ
cblr-2930	760	29	a	a	DET
cblr-2930	760	30	majority	majority	NOUN
cblr-2930	760	31	of	of	ADP
cblr-2930	760	32	the	the	DET
cblr-2930	760	33	shares	share	NOUN
cblr-2930	760	34	will	will	AUX
cblr-2930	760	35	be	be	AUX
cblr-2930	760	36	voted	vote	VERB
cblr-2930	760	37	for	for	ADP
cblr-2930	760	38	the	the	DET
cblr-2930	760	39	correct	correct	ADJ
cblr-2930	760	40	option	option	NOUN
cblr-2930	760	41	.	.	PUNCT
cblr-2930	761	1	given	give	VERB
cblr-2930	761	2	that	that	SCONJ
cblr-2930	761	3	the	the	DET
cblr-2930	761	4	average	average	ADJ
cblr-2930	761	5	market	market	NOUN
cblr-2930	761	6	capitalization	capitalization	NOUN
cblr-2930	761	7	of	of	ADP
cblr-2930	761	8	s&p	s&p	PROPN
cblr-2930	761	9	500	500	NUM
cblr-2930	761	10	companies	company	NOUN
cblr-2930	761	11	is	be	AUX
cblr-2930	761	12	approximately	approximately	ADV
cblr-2930	761	13	$	$	SYM
cblr-2930	761	14	21	21	NUM
cblr-2930	761	15	billion	billion	NUM
cblr-2930	761	16	,	,	PUNCT
cblr-2930	761	17	the	the	DET
cblr-2930	761	18	costs	cost	NOUN
cblr-2930	761	19	are	be	AUX
cblr-2930	761	20	still	still	ADV
cblr-2930	761	21	considerable.12	considerable.12	ADJ
cblr-2930	761	22	3	3	NUM
cblr-2930	761	23	if	if	SCONJ
cblr-2930	761	24	the	the	DET
cblr-2930	761	25	expected	expect	VERB
cblr-2930	761	26	voter	voter	NOUN
cblr-2930	761	27	turnout	turnout	NOUN
cblr-2930	761	28	is	be	AUX
cblr-2930	761	29	seventy	seventy	NUM
cblr-2930	761	30	percent	percent	NOUN
cblr-2930	761	31	,	,	PUNCT
cblr-2930	761	32	an	an	DET
cblr-2930	761	33	investor	investor	NOUN
cblr-2930	761	34	will	will	AUX
cblr-2930	761	35	have	have	VERB
cblr-2930	761	36	to	to	PART
cblr-2930	761	37	buy	buy	VERB
cblr-2930	761	38	some	some	DET
cblr-2930	761	39	$	$	SYM
cblr-2930	761	40	147	147	NUM
cblr-2930	761	41	million	million	NUM
cblr-2930	761	42	worth	worth	NOUN
cblr-2930	761	43	of	of	ADP
cblr-2930	761	44	shares	share	NOUN
cblr-2930	761	45	to	to	PART
cblr-2930	761	46	obtain	obtain	VERB
cblr-2930	761	47	an	an	DET
cblr-2930	761	48	additional	additional	ADJ
cblr-2930	761	49	one	one	NUM
cblr-2930	761	50	percent	percent	NOUN
cblr-2930	761	51	voting	voting	NOUN
cblr-2930	761	52	power	power	NOUN
cblr-2930	761	53	,	,	PUNCT
cblr-2930	761	54	plus	plus	CCONJ
cblr-2930	761	55	transaction	transaction	NOUN
cblr-2930	761	56	costs	cost	NOUN
cblr-2930	761	57	.	.	PUNCT
cblr-2930	762	1	to	to	ADP
cblr-2930	762	2	the	the	DET
cblr-2930	762	3	extent	extent	NOUN
cblr-2930	762	4	the	the	DET
cblr-2930	762	5	investor	investor	NOUN
cblr-2930	762	6	ends	end	VERB
cblr-2930	762	7	up	up	ADP
cblr-2930	762	8	with	with	ADP
cblr-2930	762	9	a	a	DET
cblr-2930	762	10	portfolio	portfolio	NOUN
cblr-2930	762	11	that	that	PRON
cblr-2930	762	12	is	be	AUX
cblr-2930	762	13	less	less	ADV
cblr-2930	762	14	diversified	diversified	ADJ
cblr-2930	762	15	and	and	CCONJ
cblr-2930	762	16	thus	thus	ADV
cblr-2930	762	17	riskier	risky	ADJ
cblr-2930	762	18	than	than	ADP
cblr-2930	762	19	prior	prior	ADV
cblr-2930	762	20	to	to	ADP
cblr-2930	762	21	the	the	DET
cblr-2930	762	22	purchase	purchase	NOUN
cblr-2930	762	23	,	,	PUNCT
cblr-2930	762	24	the	the	DET
cblr-2930	762	25	strategy	strategy	NOUN
cblr-2930	762	26	will	will	AUX
cblr-2930	762	27	be	be	AUX
cblr-2930	762	28	even	even	ADV
cblr-2930	762	29	costlier	costly	ADJ
cblr-2930	762	30	.	.	PUNCT
cblr-2930	763	1	there	there	PRON
cblr-2930	763	2	is	be	VERB
cblr-2930	763	3	,	,	PUNCT
cblr-2930	763	4	nevertheless	nevertheless	ADV
cblr-2930	763	5	,	,	PUNCT
cblr-2930	763	6	some	some	DET
cblr-2930	763	7	empirical	empirical	ADJ
cblr-2930	763	8	evidence	evidence	NOUN
cblr-2930	763	9	suggesting	suggest	VERB
cblr-2930	763	10	that	that	SCONJ
cblr-2930	763	11	institutional	institutional	ADJ
cblr-2930	763	12	investors	investor	NOUN
cblr-2930	763	13	do	do	AUX
cblr-2930	763	14	engage	engage	VERB
cblr-2930	763	15	in	in	ADP
cblr-2930	763	16	this	this	DET
cblr-2930	763	17	type	type	NOUN
cblr-2930	763	18	of	of	ADP
cblr-2930	763	19	arbitrage	arbitrage	NOUN
cblr-2930	763	20	,	,	PUNCT
cblr-2930	763	21	which	which	PRON
cblr-2930	763	22	may	may	AUX
cblr-2930	763	23	be	be	AUX
cblr-2930	763	24	worthwhile	worthwhile	ADJ
cblr-2930	763	25	especially	especially	ADV
cblr-2930	763	26	in	in	ADP
cblr-2930	763	27	firms	firm	NOUN
cblr-2930	763	28	with	with	ADP
cblr-2930	763	29	a	a	DET
cblr-2930	763	30	relatively	relatively	ADV
cblr-2930	763	31	small	small	ADJ
cblr-2930	763	32	market	market	NOUN
cblr-2930	763	33	capitalization	capitalization	NOUN
cblr-2930	763	34	.	.	PUNCT
cblr-2930	764	1	jennifer	jennifer	PROPN
cblr-2930	764	2	bethel	bethel	PROPN
cblr-2930	764	3	et	et	PROPN
cblr-2930	764	4	al	al	PROPN
cblr-2930	764	5	.	.	PROPN
cblr-2930	765	1	recently	recently	ADV
cblr-2930	765	2	studied	study	VERB
cblr-2930	765	3	the	the	DET
cblr-2930	765	4	market	market	NOUN
cblr-2930	765	5	for	for	ADP
cblr-2930	765	6	voting	voting	NOUN
cblr-2930	765	7	rights	right	NOUN
cblr-2930	765	8	in	in	ADP
cblr-2930	765	9	about	about	ADV
cblr-2930	765	10	350	350	NUM
cblr-2930	765	11	mergers	merger	NOUN
cblr-2930	765	12	and	and	CCONJ
cblr-2930	765	13	acquisitions	acquisition	NOUN
cblr-2930	765	14	between	between	ADP
cblr-2930	765	15	1999	1999	NUM
cblr-2930	765	16	and	and	CCONJ
cblr-2930	765	17	2005	2005	NUM
cblr-2930	765	18	and	and	CCONJ
cblr-2930	765	19	found	find	VERB
cblr-2930	765	20	that	that	SCONJ
cblr-2930	765	21	institutional	institutional	ADJ
cblr-2930	765	22	investors	investor	NOUN
cblr-2930	765	23	are	be	AUX
cblr-2930	765	24	net	net	ADJ
cblr-2930	765	25	buyers	buyer	NOUN
cblr-2930	765	26	of	of	ADP
cblr-2930	765	27	shares	share	NOUN
cblr-2930	765	28	around	around	ADP
cblr-2930	765	29	the	the	DET
cblr-2930	765	30	voting	voting	NOUN
cblr-2930	765	31	record	record	NOUN
cblr-2930	765	32	date	date	NOUN
cblr-2930	765	33	,	,	PUNCT
cblr-2930	765	34	as	as	SCONJ
cblr-2930	765	35	shown	show	VERB
cblr-2930	765	36	in	in	ADP
cblr-2930	765	37	figure	figure	NOUN
cblr-2930	765	38	2	2	NUM
cblr-2930	765	39	.	.	PUNCT
cblr-2930	766	1	one	one	NUM
cblr-2930	766	2	possible	possible	ADJ
cblr-2930	766	3	explanation	explanation	NOUN
cblr-2930	766	4	is	be	AUX
cblr-2930	766	5	that	that	SCONJ
cblr-2930	766	6	they	they	PRON
cblr-2930	766	7	buy	buy	VERB
cblr-2930	766	8	shares	share	NOUN
cblr-2930	766	9	to	to	PART
cblr-2930	766	10	ensure	ensure	VERB
cblr-2930	766	11	that	that	SCONJ
cblr-2930	766	12	value	value	NOUN
cblr-2930	766	13	-	-	PUNCT
cblr-2930	766	14	destroying	destroy	VERB
cblr-2930	766	15	mergers	merger	NOUN
cblr-2930	766	16	are	be	AUX
cblr-2930	766	17	rejected.124	rejected.124	ADJ
cblr-2930	766	18	he	he	PRON
cblr-2930	766	19	can	can	AUX
cblr-2930	766	20	make	make	VERB
cblr-2930	766	21	a	a	DET
cblr-2930	766	22	profit	profit	NOUN
cblr-2930	766	23	from	from	ADP
cblr-2930	766	24	his	his	PRON
cblr-2930	766	25	information	information	NOUN
cblr-2930	766	26	may	may	AUX
cblr-2930	766	27	be	be	AUX
cblr-2930	766	28	to	to	PART
cblr-2930	766	29	buy	buy	VERB
cblr-2930	766	30	the	the	DET
cblr-2930	766	31	firm	firm	NOUN
cblr-2930	766	32	and	and	CCONJ
cblr-2930	766	33	change	change	VERB
cblr-2930	766	34	the	the	DET
cblr-2930	766	35	production	production	NOUN
cblr-2930	766	36	decision	decision	NOUN
cblr-2930	766	37	"	"	PUNCT
cblr-2930	766	38	)	)	PUNCT
cblr-2930	766	39	.	.	PUNCT
cblr-2930	767	1	"	"	PUNCT
cblr-2930	767	2	standard	standard	PROPN
cblr-2930	767	3	&	&	CCONJ
cblr-2930	767	4	poor	poor	PROPN
cblr-2930	767	5	's	's	PART
cblr-2930	767	6	500	500	NUM
cblr-2930	767	7	factsheet	factsheet	NOUN
cblr-2930	767	8	,	,	PUNCT
cblr-2930	767	9	september	september	PROPN
cblr-2930	767	10	30	30	NUM
cblr-2930	767	11	,	,	PUNCT
cblr-2930	767	12	2010	2010	NUM
cblr-2930	767	13	.	.	PUNCT
cblr-2930	768	1	124	124	NUM
cblr-2930	768	2	jennifer	jennifer	PROPN
cblr-2930	768	3	e.	e.	PROPN
cblr-2930	768	4	bethel	bethel	PROPN
cblr-2930	768	5	,	,	PUNCT
cblr-2930	768	6	gang	gang	PROPN
cblr-2930	768	7	hu	hu	PROPN
cblr-2930	768	8	&	&	CCONJ
cblr-2930	768	9	qinghai	qinghai	PROPN
cblr-2930	768	10	wang	wang	PROPN
cblr-2930	768	11	,	,	PUNCT
cblr-2930	768	12	the	the	DET
cblr-2930	768	13	market	market	NOUN
cblr-2930	768	14	for	for	ADP
cblr-2930	768	15	shareholder	shareholder	NOUN
cblr-2930	768	16	voting	voting	NOUN
cblr-2930	768	17	rights	right	NOUN
cblr-2930	768	18	around	around	ADP
cblr-2930	768	19	mergers	merger	NOUN
cblr-2930	768	20	and	and	CCONJ
cblr-2930	768	21	acquisitions	acquisition	NOUN
cblr-2930	768	22	:	:	PUNCT
cblr-2930	768	23	evidence	evidence	NOUN
cblr-2930	768	24	from	from	ADP
cblr-2930	768	25	institutional	institutional	ADJ
cblr-2930	768	26	daily	daily	ADJ
cblr-2930	768	27	trading	trading	NOUN
cblr-2930	768	28	and	and	CCONJ
cblr-2930	768	29	voting	voting	NOUN
cblr-2930	768	30	,	,	PUNCT
cblr-2930	768	31	15	15	NUM
cblr-2930	768	32	j.	j.	PROPN
cblr-2930	768	33	corp	corp	PROPN
cblr-2930	768	34	.	.	PROPN
cblr-2930	768	35	fin	fin	PROPN
cblr-2930	768	36	.	.	PUNCT
cblr-2930	769	1	129	129	NUM
cblr-2930	769	2	(	(	PUNCT
cblr-2930	769	3	2009	2009	NUM
cblr-2930	769	4	)	)	PUNCT
cblr-2930	769	5	.	.	PUNCT
cblr-2930	770	1	the	the	DET
cblr-2930	770	2	study	study	NOUN
cblr-2930	770	3	shows	show	VERB
cblr-2930	770	4	that	that	SCONJ
cblr-2930	770	5	institutions	institution	NOUN
cblr-2930	770	6	buy	buy	VERB
cblr-2930	770	7	shares	share	NOUN
cblr-2930	770	8	in	in	ADP
cblr-2930	770	9	firms	firm	NOUN
cblr-2930	770	10	whose	whose	DET
cblr-2930	770	11	prices	price	NOUN
cblr-2930	770	12	fall	fall	VERB
cblr-2930	770	13	the	the	DET
cblr-2930	770	14	most	most	ADJ
cblr-2930	770	15	when	when	SCONJ
cblr-2930	770	16	the	the	DET
cblr-2930	770	17	deals	deal	NOUN
cblr-2930	770	18	are	be	AUX
cblr-2930	770	19	announced	announce	VERB
cblr-2930	770	20	,	,	PUNCT
cblr-2930	770	21	and	and	CCONJ
cblr-2930	770	22	shows	show	VERB
cblr-2930	770	23	a	a	DET
cblr-2930	770	24	positive	positive	ADJ
cblr-2930	770	25	relation	relation	NOUN
cblr-2930	770	26	between	between	ADP
cblr-2930	770	27	buying	buying	NOUN
cblr-2930	770	28	by	by	ADP
cblr-2930	770	29	institutions	institution	NOUN
cblr-2930	770	30	and	and	CCONJ
cblr-2930	770	31	voting	voting	NOUN
cblr-2930	770	32	turnout	turnout	NOUN
cblr-2930	770	33	and	and	CCONJ
cblr-2930	770	34	a	a	DET
cblr-2930	770	35	negative	negative	ADJ
cblr-2930	770	36	relation	relation	NOUN
cblr-2930	770	37	between	between	ADP
cblr-2930	770	38	buying	buying	NOUN
cblr-2930	770	39	by	by	ADP
cblr-2930	770	40	institutions	institution	NOUN
cblr-2930	770	41	and	and	CCONJ
cblr-2930	770	42	investor	investor	NOUN
cblr-2930	770	43	support	support	NOUN
cblr-2930	770	44	for	for	ADP
cblr-2930	770	45	merger	merger	NOUN
cblr-2930	770	46	proposals	proposal	NOUN
cblr-2930	770	47	.	.	PUNCT
cblr-2930	771	1	i	i	PRON
cblr-2930	771	2	d.	d.	PROPN
cblr-2930	771	3	at	at	ADP
cblr-2930	771	4	140	140	NUM
cblr-2930	771	5	.	.	PUNCT
cblr-2930	772	1	although	although	SCONJ
cblr-2930	772	2	the	the	DET
cblr-2930	772	3	data	datum	NOUN
cblr-2930	772	4	does	do	AUX
cblr-2930	772	5	not	not	PART
cblr-2930	772	6	allow	allow	VERB
cblr-2930	772	7	attribution	attribution	NOUN
cblr-2930	772	8	of	of	ADP
cblr-2930	772	9	causality	causality	NOUN
cblr-2930	772	10	,	,	PUNCT
cblr-2930	772	11	one	one	NUM
cblr-2930	772	12	possible	possible	ADJ
cblr-2930	772	13	interpretation	interpretation	NOUN
cblr-2930	772	14	of	of	ADP
cblr-2930	772	15	these	these	DET
cblr-2930	772	16	results	result	NOUN
cblr-2930	772	17	is	be	AUX
cblr-2930	772	18	that	that	SCONJ
cblr-2930	772	19	institutional	institutional	ADJ
cblr-2930	772	20	investors	investor	NOUN
cblr-2930	772	21	buy	buy	VERB
cblr-2930	772	22	shares	share	NOUN
cblr-2930	772	23	to	to	PART
cblr-2930	772	24	influence	influence	VERB
cblr-2930	772	25	the	the	DET
cblr-2930	772	26	voting	voting	NOUN
cblr-2930	772	27	process	process	NOUN
cblr-2930	772	28	such	such	ADJ
cblr-2930	772	29	that	that	SCONJ
cblr-2930	772	30	proposals	proposal	NOUN
cblr-2930	772	31	to	to	PART
cblr-2930	772	32	enter	enter	VERB
cblr-2930	772	33	into	into	ADP
cblr-2930	772	34	value	value	NOUN
cblr-2930	772	35	destroying	destroy	VERB
cblr-2930	772	36	mergers	merger	NOUN
cblr-2930	772	37	are	be	AUX
cblr-2930	772	38	rejected	reject	VERB
cblr-2930	772	39	.	.	PUNCT
cblr-2930	773	1	i	i	PRON
cblr-2930	773	2	d.	d.	PROPN
cblr-2930	773	3	at	at	ADP
cblr-2930	773	4	135	135	NUM
cblr-2930	773	5	.	.	PUNCT
cblr-2930	774	1	811no	811no	PROPN
cblr-2930	774	2	.	.	PUNCT
cblr-2930	775	1	3:763	3:763	NUM
cblr-2930	775	2	]	]	PUNCT
cblr-2930	775	3	miechanisms	miechanism	NOUN
cblr-2930	775	4	of	of	ADP
cblr-2930	775	5	voting	vote	VERB
cblr-2930	775	6	efficiency	efficiency	NOUN
cblr-2930	775	7	figure	figure	NOUN
cblr-2930	775	8	2	2	NUM
cblr-2930	775	9	:	:	PUNCT
cblr-2930	775	10	net	net	ADJ
cblr-2930	775	11	buying	buying	NOUN
cblr-2930	775	12	by	by	ADP
cblr-2930	775	13	institutional	institutional	ADJ
cblr-2930	775	14	investors	investor	NOUN
cblr-2930	775	15	around	around	ADP
cblr-2930	775	16	voting	vote	VERB
cblr-2930	775	17	record	record	NOUN
cblr-2930	775	18	dates	date	VERB
cblr-2930	775	19	0.2	0.2	NUM
cblr-2930	775	20	-0.15	-0.15	NUM
cblr-2930	775	21	0.2	0.2	NUM
cblr-2930	775	22	0	0	NUM
cblr-2930	775	23	.	.	PUNCT
cblr-2930	776	1	05	05	NUM
cblr-2930	776	2	0	0	NUM
cblr-2930	776	3	4015	4015	NUM
cblr-2930	776	4	402	402	NUM
cblr-2930	776	5	source	source	NOUN
cblr-2930	776	6	:	:	PUNCT
cblr-2930	776	7	bethel	bethel	PROPN
cblr-2930	776	8	et	et	PROPN
cblr-2930	776	9	al	al	PROPN
cblr-2930	776	10	.	.	PUNCT
cblr-2930	777	1	(	(	PUNCT
cblr-2930	777	2	2009)125	2009)125	NOUN
cblr-2930	777	3	in	in	ADP
cblr-2930	777	4	terms	term	NOUN
cblr-2930	777	5	of	of	ADP
cblr-2930	777	6	legal	legal	ADJ
cblr-2930	777	7	constraints	constraint	NOUN
cblr-2930	777	8	,	,	PUNCT
cblr-2930	777	9	there	there	PRON
cblr-2930	777	10	are	be	VERB
cblr-2930	777	11	no	no	DET
cblr-2930	777	12	direct	direct	ADJ
cblr-2930	777	13	constraints	constraint	NOUN
cblr-2930	777	14	when	when	SCONJ
cblr-2930	777	15	purchasing	purchase	VERB
cblr-2930	777	16	shares	share	NOUN
cblr-2930	777	17	in	in	ADP
cblr-2930	777	18	the	the	DET
cblr-2930	777	19	spot	spot	NOUN
cblr-2930	777	20	market	market	NOUN
cblr-2930	777	21	or	or	CCONJ
cblr-2930	777	22	,	,	PUNCT
cblr-2930	777	23	as	as	SCONJ
cblr-2930	777	24	delaware	delaware	PROPN
cblr-2930	777	25	courts	court	NOUN
cblr-2930	777	26	have	have	AUX
cblr-2930	777	27	recently	recently	ADV
cblr-2930	777	28	confirmed	confirm	VERB
cblr-2930	777	29	,	,	PUNCT
cblr-2930	777	30	when	when	SCONJ
cblr-2930	777	31	purchasing	purchase	VERB
cblr-2930	777	32	shares	share	NOUN
cblr-2930	777	33	through	through	ADP
cblr-2930	777	34	an	an	DET
cblr-2930	777	35	off	off	ADJ
cblr-2930	777	36	-	-	PUNCT
cblr-2930	777	37	exchange	exchange	NOUN
cblr-2930	777	38	transaction.1	transaction.1	NOUN
cblr-2930	777	39	26	26	NUM
cblr-2930	777	40	there	there	PRON
cblr-2930	777	41	are	be	VERB
cblr-2930	777	42	significant	significant	ADJ
cblr-2930	777	43	indirect	indirect	ADJ
cblr-2930	777	44	constraints	constraint	NOUN
cblr-2930	777	45	,	,	PUNCT
cblr-2930	777	46	though	though	ADV
cblr-2930	777	47	.	.	PUNCT
cblr-2930	778	1	to	to	PART
cblr-2930	778	2	name	name	VERB
cblr-2930	778	3	but	but	CCONJ
cblr-2930	778	4	a	a	DET
cblr-2930	778	5	few	few	ADJ
cblr-2930	778	6	:	:	PUNCT
cblr-2930	778	7	if	if	SCONJ
cblr-2930	778	8	the	the	DET
cblr-2930	778	9	purchase	purchase	NOUN
cblr-2930	778	10	results	result	VERB
cblr-2930	778	11	in	in	ADP
cblr-2930	778	12	more	more	ADJ
cblr-2930	778	13	than	than	ADP
cblr-2930	778	14	five	five	NUM
cblr-2930	778	15	percent	percent	NOUN
cblr-2930	778	16	voting	voting	NOUN
cblr-2930	778	17	power	power	NOUN
cblr-2930	778	18	,	,	PUNCT
cblr-2930	778	19	the	the	DET
cblr-2930	778	20	shareholder	shareholder	NOUN
cblr-2930	778	21	may	may	AUX
cblr-2930	778	22	need	need	VERB
cblr-2930	778	23	to	to	PART
cblr-2930	778	24	publicly	publicly	ADV
cblr-2930	778	25	disclose	disclose	VERB
cblr-2930	778	26	his	his	PRON
cblr-2930	778	27	position;12	position;12	NOUN
cblr-2930	778	28	1	1	NUM
cblr-2930	778	29	if	if	SCONJ
cblr-2930	778	30	the	the	DET
cblr-2930	778	31	purchase	purchase	NOUN
cblr-2930	778	32	results	result	VERB
cblr-2930	778	33	in	in	ADP
cblr-2930	778	34	more	more	ADJ
cblr-2930	778	35	than	than	ADP
cblr-2930	778	36	ten	ten	NUM
cblr-2930	778	37	percent	percent	NOUN
cblr-2930	778	38	voting	voting	NOUN
cblr-2930	778	39	power	power	NOUN
cblr-2930	778	40	,	,	PUNCT
cblr-2930	778	41	the	the	DET
cblr-2930	778	42	shareholder	shareholder	NOUN
cblr-2930	778	43	becomes	become	VERB
cblr-2930	778	44	subject	subject	ADJ
cblr-2930	778	45	to	to	ADP
cblr-2930	778	46	short	short	ADJ
cblr-2930	778	47	swing	swing	NOUN
cblr-2930	778	48	profit	profit	NOUN
cblr-2930	778	49	capture;'2	capture;'2	NOUN
cblr-2930	778	50	8	8	NUM
cblr-2930	779	1	and	and	CCONJ
cblr-2930	779	2	if	if	SCONJ
cblr-2930	779	3	the	the	DET
cblr-2930	779	4	vote	vote	NOUN
cblr-2930	779	5	buying	buy	VERB
cblr-2930	779	6	results	result	NOUN
cblr-2930	779	7	in	in	ADP
cblr-2930	779	8	more	more	ADJ
cblr-2930	779	9	than	than	ADP
cblr-2930	779	10	thirty	thirty	NUM
cblr-2930	779	11	percent	percent	NOUN
cblr-2930	779	12	voting	voting	NOUN
cblr-2930	779	13	power	power	NOUN
cblr-2930	779	14	,	,	PUNCT
cblr-2930	779	15	in	in	ADP
cblr-2930	779	16	certain	certain	ADJ
cblr-2930	779	17	jurisdictions	jurisdiction	NOUN
cblr-2930	779	18	such	such	ADJ
cblr-2930	779	19	as	as	ADP
cblr-2930	779	20	125	125	NUM
cblr-2930	779	21	i	i	PROPN
cblr-2930	779	22	d.	d.	PROPN
cblr-2930	779	23	at	at	ADP
cblr-2930	779	24	136	136	NUM
cblr-2930	779	25	.	.	PUNCT
cblr-2930	780	1	the	the	DET
cblr-2930	780	2	figure	figure	NOUN
cblr-2930	780	3	reports	report	VERB
cblr-2930	780	4	the	the	DET
cblr-2930	780	5	difference	difference	NOUN
cblr-2930	780	6	in	in	ADP
cblr-2930	780	7	percentages	percentage	NOUN
cblr-2930	780	8	between	between	ADP
cblr-2930	780	9	trading	trading	NOUN
cblr-2930	780	10	activity	activity	NOUN
cblr-2930	780	11	on	on	ADP
cblr-2930	780	12	each	each	DET
cblr-2930	780	13	day	day	NOUN
cblr-2930	780	14	(	(	PUNCT
cblr-2930	780	15	relative	relative	ADJ
cblr-2930	780	16	to	to	ADP
cblr-2930	780	17	shares	share	NOUN
cblr-2930	780	18	outstanding	outstanding	ADJ
cblr-2930	780	19	)	)	PUNCT
cblr-2930	780	20	and	and	CCONJ
cblr-2930	780	21	the	the	DET
cblr-2930	780	22	average	average	ADJ
cblr-2930	780	23	daily	daily	ADJ
cblr-2930	780	24	trading	trading	NOUN
cblr-2930	780	25	activity	activity	NOUN
cblr-2930	780	26	for	for	ADP
cblr-2930	780	27	the	the	DET
cblr-2930	780	28	twenty	twenty	NUM
cblr-2930	780	29	-	-	PUNCT
cblr-2930	780	30	day	day	NOUN
cblr-2930	780	31	period	period	NOUN
cblr-2930	780	32	surrounding	surround	VERB
cblr-2930	780	33	the	the	DET
cblr-2930	780	34	voting	voting	NOUN
cblr-2930	780	35	record	record	NOUN
cblr-2930	780	36	date	date	NOUN
cblr-2930	780	37	.	.	PUNCT
cblr-2930	781	1	126	126	NUM
cblr-2930	781	2	kurz	kurz	PROPN
cblr-2930	781	3	v.	v.	PROPN
cblr-2930	781	4	holbrook	holbrook	PROPN
cblr-2930	781	5	,	,	PUNCT
cblr-2930	781	6	989	989	NUM
cblr-2930	781	7	a.2d	a.2d	SYM
cblr-2930	781	8	140	140	NUM
cblr-2930	781	9	,	,	PUNCT
cblr-2930	781	10	180	180	NUM
cblr-2930	781	11	(	(	PUNCT
cblr-2930	781	12	del	del	PROPN
cblr-2930	781	13	.	.	PROPN
cblr-2930	781	14	ch	ch	PROPN
cblr-2930	781	15	.	.	PROPN
cblr-2930	781	16	2010	2010	NUM
cblr-2930	781	17	)	)	PUNCT
cblr-2930	781	18	(	(	PUNCT
cblr-2930	781	19	holding	hold	VERB
cblr-2930	781	20	that	that	SCONJ
cblr-2930	781	21	"	"	PUNCT
cblr-2930	781	22	delaware	delaware	PROPN
cblr-2930	781	23	law	law	NOUN
cblr-2930	781	24	does	do	AUX
cblr-2930	781	25	not	not	PART
cblr-2930	781	26	restrict	restrict	VERB
cblr-2930	781	27	a	a	DET
cblr-2930	781	28	soliciting	solicit	VERB
cblr-2930	781	29	party	party	NOUN
cblr-2930	781	30	from	from	ADP
cblr-2930	781	31	buying	buy	VERB
cblr-2930	781	32	shares	share	NOUN
cblr-2930	781	33	...	...	PUNCT
cblr-2930	781	34	to	to	PART
cblr-2930	781	35	bolster	bolster	VERB
cblr-2930	781	36	the	the	DET
cblr-2930	781	37	solicitation	solicitation	NOUN
cblr-2930	781	38	's	's	PART
cblr-2930	781	39	chance	chance	NOUN
cblr-2930	781	40	of	of	ADP
cblr-2930	781	41	success	success	NOUN
cblr-2930	781	42	.	.	PUNCT
cblr-2930	781	43	"	"	PUNCT
cblr-2930	781	44	)	)	PUNCT
cblr-2930	781	45	,	,	PUNCT
cblr-2930	781	46	affd	affd	PROPN
cblr-2930	781	47	,	,	PUNCT
cblr-2930	781	48	crown	crown	PROPN
cblr-2930	781	49	emak	emak	PROPN
cblr-2930	781	50	partners	partner	NOUN
cblr-2930	781	51	v.	v.	ADP
cblr-2930	781	52	kurz	kurz	PROPN
cblr-2930	781	53	,	,	PUNCT
cblr-2930	781	54	992	992	NUM
cblr-2930	781	55	a.2d	a.2d	SYM
cblr-2930	781	56	377	377	NUM
cblr-2930	781	57	,	,	PUNCT
cblr-2930	781	58	388	388	NUM
cblr-2930	781	59	-	-	SYM
cblr-2930	781	60	89	89	NUM
cblr-2930	781	61	(	(	PUNCT
cblr-2930	781	62	del	del	PROPN
cblr-2930	781	63	.	.	PROPN
cblr-2930	781	64	2010	2010	NUM
cblr-2930	781	65	)	)	PUNCT
cblr-2930	781	66	.	.	PUNCT
cblr-2930	782	1	1	1	NUM
cblr-2930	782	2	"	"	PUNCT
cblr-2930	782	3	exchange	exchange	NOUN
cblr-2930	782	4	act	act	NOUN
cblr-2930	782	5	rule	rule	VERB
cblr-2930	782	6	13d-1(a	13d-1(a	NUM
cblr-2930	782	7	)	)	PUNCT
cblr-2930	782	8	,	,	PUNCT
cblr-2930	782	9	17	17	NUM
cblr-2930	782	10	c.f.r	c.f.r	NOUN
cblr-2930	782	11	.	.	PUNCT
cblr-2930	783	1	§	§	PROPN
cblr-2930	783	2	240.13d-1	240.13d-1	NUM
cblr-2930	783	3	(	(	PUNCT
cblr-2930	783	4	2005)(a	2005)(a	NUM
cblr-2930	783	5	)	)	PUNCT
cblr-2930	783	6	(	(	PUNCT
cblr-2930	783	7	2010	2010	NUM
cblr-2930	783	8	)	)	PUNCT
cblr-2930	783	9	.	.	PUNCT
cblr-2930	784	1	12	12	NUM
cblr-2930	784	2	'	'	PUNCT
cblr-2930	784	3	exchange	exchange	NOUN
cblr-2930	784	4	act	act	NOUN
cblr-2930	784	5	rule	rule	NOUN
cblr-2930	784	6	16a-2	16a-2	NUM
cblr-2930	784	7	,	,	PUNCT
cblr-2930	784	8	17	17	NUM
cblr-2930	784	9	c.f.r	c.f.r	NOUN
cblr-2930	784	10	.	.	PUNCT
cblr-2930	785	1	§	§	PROPN
cblr-2930	785	2	240.16a-2	240.16a-2	NUM
cblr-2930	785	3	(	(	PUNCT
cblr-2930	785	4	2010	2010	NUM
cblr-2930	785	5	)	)	PUNCT
cblr-2930	785	6	.	.	PUNCT
cblr-2930	786	1	under	under	ADP
cblr-2930	786	2	this	this	DET
cblr-2930	786	3	rule	rule	NOUN
cblr-2930	786	4	,	,	PUNCT
cblr-2930	786	5	company	company	NOUN
cblr-2930	786	6	insiders	insider	NOUN
cblr-2930	786	7	(	(	PUNCT
cblr-2930	786	8	officers	officer	NOUN
cblr-2930	786	9	,	,	PUNCT
cblr-2930	786	10	directors	director	NOUN
cblr-2930	786	11	,	,	PUNCT
cblr-2930	786	12	or	or	CCONJ
cblr-2930	786	13	shareholders	shareholder	NOUN
cblr-2930	786	14	with	with	ADP
cblr-2930	786	15	a	a	DET
cblr-2930	786	16	stake	stake	NOUN
cblr-2930	786	17	that	that	PRON
cblr-2930	786	18	exceeds	exceed	VERB
cblr-2930	786	19	ten	ten	NUM
cblr-2930	786	20	percent	percent	NOUN
cblr-2930	786	21	)	)	PUNCT
cblr-2930	786	22	are	be	AUX
cblr-2930	786	23	required	require	VERB
cblr-2930	786	24	to	to	PART
cblr-2930	786	25	return	return	VERB
cblr-2930	786	26	any	any	DET
cblr-2930	786	27	profits	profit	NOUN
cblr-2930	786	28	made	make	VERB
cblr-2930	786	29	from	from	ADP
cblr-2930	786	30	the	the	DET
cblr-2930	786	31	purchase	purchase	NOUN
cblr-2930	786	32	and	and	CCONJ
cblr-2930	786	33	sale	sale	NOUN
cblr-2930	786	34	of	of	ADP
cblr-2930	786	35	company	company	NOUN
cblr-2930	786	36	stock	stock	NOUN
cblr-2930	786	37	if	if	SCONJ
cblr-2930	786	38	both	both	DET
cblr-2930	786	39	transactions	transaction	NOUN
cblr-2930	786	40	take	take	VERB
cblr-2930	786	41	place	place	NOUN
cblr-2930	786	42	within	within	ADP
cblr-2930	786	43	a	a	DET
cblr-2930	786	44	six	six	NUM
cblr-2930	786	45	-	-	PUNCT
cblr-2930	786	46	month	month	NOUN
cblr-2930	786	47	period	period	NOUN
cblr-2930	786	48	.	.	PUNCT
cblr-2930	787	1	[	[	X
cblr-2930	787	2	vol	vol	NOUN
cblr-2930	787	3	.	.	PUNCT
cblr-2930	787	4	2010812	2010812	NUM
cblr-2930	787	5	col	col	PROPN
cblr-2930	787	6	umia	umia	PROPN
cblr-2930	787	7	b	b	PROPN
cblr-2930	787	8	usiness	usiness	PROPN
cblr-2930	787	9	la	la	PROPN
cblr-2930	787	10	w	w	PROPN
cblr-2930	787	11	re	re	PROPN
cblr-2930	787	12	vie	vie	PROPN
cblr-2930	787	13	w	w	PROPN
cblr-2930	787	14	european	european	PROPN
cblr-2930	787	15	union	union	PROPN
cblr-2930	787	16	member	member	NOUN
cblr-2930	787	17	states	state	VERB
cblr-2930	787	18	the	the	DET
cblr-2930	787	19	shareholder	shareholder	NOUN
cblr-2930	787	20	will	will	AUX
cblr-2930	787	21	run	run	VERB
cblr-2930	787	22	the	the	DET
cblr-2930	787	23	risk	risk	NOUN
cblr-2930	787	24	of	of	ADP
cblr-2930	787	25	triggering	trigger	VERB
cblr-2930	787	26	a	a	DET
cblr-2930	787	27	mandatory	mandatory	ADJ
cblr-2930	787	28	bid	bid	NOUN
cblr-2930	787	29	obligation	obligation	NOUN
cblr-2930	787	30	.	.	PUNCT
cblr-2930	788	1	in	in	ADP
cblr-2930	788	2	light	light	NOUN
cblr-2930	788	3	of	of	ADP
cblr-2930	788	4	these	these	DET
cblr-2930	788	5	legal	legal	ADJ
cblr-2930	788	6	constraints	constraint	NOUN
cblr-2930	788	7	and	and	CCONJ
cblr-2930	788	8	the	the	DET
cblr-2930	788	9	cost	cost	NOUN
cblr-2930	788	10	constraints	constraint	NOUN
cblr-2930	788	11	mentioned	mention	VERB
cblr-2930	788	12	earlier	early	ADV
cblr-2930	788	13	,	,	PUNCT
cblr-2930	788	14	it	it	PRON
cblr-2930	788	15	is	be	AUX
cblr-2930	788	16	worthwhile	worthwhile	ADJ
cblr-2930	788	17	exploring	explore	VERB
cblr-2930	788	18	alternative	alternative	ADJ
cblr-2930	788	19	arbitrage	arbitrage	NOUN
cblr-2930	788	20	strategies	strategy	NOUN
cblr-2930	788	21	such	such	ADJ
cblr-2930	788	22	as	as	ADP
cblr-2930	788	23	proxy	proxy	ADJ
cblr-2930	788	24	solicitation	solicitation	NOUN
cblr-2930	788	25	.	.	PUNCT
cblr-2930	789	1	b.	b.	PROPN
cblr-2930	789	2	proxy	proxy	PROPN
cblr-2930	789	3	solicitation	solicitation	NOUN
cblr-2930	789	4	in	in	ADP
cblr-2930	789	5	theory	theory	NOUN
cblr-2930	789	6	,	,	PUNCT
cblr-2930	789	7	soliciting	solicit	VERB
cblr-2930	789	8	proxies	proxy	NOUN
cblr-2930	789	9	from	from	ADP
cblr-2930	789	10	uninformed	uninformed	ADJ
cblr-2930	789	11	shareholders	shareholder	NOUN
cblr-2930	789	12	is	be	AUX
cblr-2930	789	13	an	an	DET
cblr-2930	789	14	effective	effective	ADJ
cblr-2930	789	15	way	way	NOUN
cblr-2930	789	16	of	of	ADP
cblr-2930	789	17	leveraging	leverage	VERB
cblr-2930	789	18	superior	superior	ADJ
cblr-2930	789	19	information	information	NOUN
cblr-2930	789	20	.	.	PUNCT
cblr-2930	790	1	by	by	ADP
cblr-2930	790	2	soliciting	solicit	VERB
cblr-2930	790	3	sufficient	sufficient	ADJ
cblr-2930	790	4	proxies	proxy	NOUN
cblr-2930	790	5	,	,	PUNCT
cblr-2930	790	6	the	the	DET
cblr-2930	790	7	shareholder	shareholder	NOUN
cblr-2930	790	8	with	with	ADP
cblr-2930	790	9	superior	superior	ADJ
cblr-2930	790	10	information	information	NOUN
cblr-2930	790	11	can	can	AUX
cblr-2930	790	12	ensure	ensure	VERB
cblr-2930	790	13	that	that	SCONJ
cblr-2930	790	14	the	the	DET
cblr-2930	790	15	correct	correct	ADJ
cblr-2930	790	16	option	option	NOUN
cblr-2930	790	17	is	be	AUX
cblr-2930	790	18	chosen	choose	VERB
cblr-2930	790	19	by	by	ADP
cblr-2930	790	20	majority	majority	NOUN
cblr-2930	790	21	vote	vote	NOUN
cblr-2930	790	22	without	without	ADP
cblr-2930	790	23	having	have	VERB
cblr-2930	790	24	to	to	PART
cblr-2930	790	25	purchase	purchase	VERB
cblr-2930	790	26	actual	actual	ADJ
cblr-2930	790	27	shares	share	NOUN
cblr-2930	790	28	.	.	PUNCT
cblr-2930	791	1	129	129	NUM
cblr-2930	792	1	thus	thus	ADV
cblr-2930	792	2	,	,	PUNCT
cblr-2930	792	3	if	if	SCONJ
cblr-2930	792	4	an	an	DET
cblr-2930	792	5	overconfident	overconfident	ADJ
cblr-2930	792	6	management	management	NOUN
cblr-2930	792	7	team	team	NOUN
cblr-2930	792	8	proposes	propose	VERB
cblr-2930	792	9	a	a	DET
cblr-2930	792	10	merger	merger	NOUN
cblr-2930	792	11	that	that	SCONJ
cblr-2930	792	12	an	an	DET
cblr-2930	792	13	informed	informed	ADJ
cblr-2930	792	14	shareholder	shareholder	NOUN
cblr-2930	792	15	knows	know	VERB
cblr-2930	792	16	will	will	AUX
cblr-2930	792	17	destroy	destroy	VERB
cblr-2930	792	18	value	value	NOUN
cblr-2930	792	19	,	,	PUNCT
cblr-2930	792	20	she	she	PRON
cblr-2930	792	21	could	could	AUX
cblr-2930	792	22	solicit	solicit	VERB
cblr-2930	792	23	proxies	proxy	NOUN
cblr-2930	792	24	to	to	PART
cblr-2930	792	25	prevent	prevent	VERB
cblr-2930	792	26	the	the	DET
cblr-2930	792	27	merger	merger	NOUN
cblr-2930	792	28	from	from	ADP
cblr-2930	792	29	being	be	AUX
cblr-2930	792	30	approved	approve	VERB
cblr-2930	792	31	by	by	ADP
cblr-2930	792	32	a	a	DET
cblr-2930	792	33	majority	majority	NOUN
cblr-2930	792	34	of	of	ADP
cblr-2930	792	35	the	the	DET
cblr-2930	792	36	shareholders	shareholder	NOUN
cblr-2930	792	37	.	.	PUNCT
cblr-2930	793	1	in	in	ADP
cblr-2930	793	2	practice	practice	NOUN
cblr-2930	793	3	,	,	PUNCT
cblr-2930	793	4	however	however	ADV
cblr-2930	793	5	,	,	PUNCT
cblr-2930	793	6	proxy	proxy	ADJ
cblr-2930	793	7	solicitation	solicitation	NOUN
cblr-2930	793	8	appears	appear	VERB
cblr-2930	793	9	to	to	PART
cblr-2930	793	10	be	be	AUX
cblr-2930	793	11	an	an	DET
cblr-2930	793	12	unattractive	unattractive	ADJ
cblr-2930	793	13	option	option	NOUN
cblr-2930	793	14	to	to	PART
cblr-2930	793	15	leverage	leverage	VERB
cblr-2930	793	16	superior	superior	ADJ
cblr-2930	793	17	information	information	NOUN
cblr-2930	793	18	.	.	PUNCT
cblr-2930	794	1	arguably	arguably	ADV
cblr-2930	794	2	the	the	DET
cblr-2930	794	3	most	most	ADV
cblr-2930	794	4	important	important	ADJ
cblr-2930	794	5	barrier	barrier	NOUN
cblr-2930	794	6	is	be	AUX
cblr-2930	794	7	constituted	constitute	VERB
cblr-2930	794	8	by	by	ADP
cblr-2930	794	9	the	the	DET
cblr-2930	794	10	free	free	ADJ
cblr-2930	794	11	rider	rider	NOUN
cblr-2930	794	12	problem	problem	NOUN
cblr-2930	794	13	mentioned	mention	VERB
cblr-2930	794	14	earlier	early	ADV
cblr-2930	794	15	.	.	PUNCT
cblr-2930	795	1	the	the	DET
cblr-2930	795	2	shareholder	shareholder	NOUN
cblr-2930	795	3	with	with	ADP
cblr-2930	795	4	superior	superior	ADJ
cblr-2930	795	5	information	information	NOUN
cblr-2930	795	6	will	will	AUX
cblr-2930	795	7	only	only	ADV
cblr-2930	795	8	internalize	internalize	VERB
cblr-2930	795	9	a	a	DET
cblr-2930	795	10	fraction	fraction	NOUN
cblr-2930	795	11	of	of	ADP
cblr-2930	795	12	the	the	DET
cblr-2930	795	13	potential	potential	ADJ
cblr-2930	795	14	capital	capital	NOUN
cblr-2930	795	15	gains	gain	NOUN
cblr-2930	795	16	,	,	PUNCT
cblr-2930	795	17	while	while	SCONJ
cblr-2930	795	18	she	she	PRON
cblr-2930	795	19	will	will	AUX
cblr-2930	795	20	have	have	VERB
cblr-2930	795	21	to	to	PART
cblr-2930	795	22	incur	incur	VERB
cblr-2930	795	23	the	the	DET
cblr-2930	795	24	full	full	ADJ
cblr-2930	795	25	costs	cost	NOUN
cblr-2930	795	26	of	of	ADP
cblr-2930	795	27	soliciting	solicit	VERB
cblr-2930	795	28	proxies	proxy	NOUN
cblr-2930	795	29	-	-	PUNCT
cblr-2930	795	30	costs	cost	NOUN
cblr-2930	795	31	that	that	PRON
cblr-2930	795	32	can	can	AUX
cblr-2930	795	33	be	be	AUX
cblr-2930	795	34	significant	significant	ADJ
cblr-2930	795	35	.	.	PUNCT
cblr-2930	795	36	'	'	PUNCT
cblr-2930	796	1	other	other	ADJ
cblr-2930	796	2	issues	issue	NOUN
cblr-2930	796	3	discouraging	discourage	VERB
cblr-2930	796	4	the	the	DET
cblr-2930	796	5	launch	launch	NOUN
cblr-2930	796	6	of	of	ADP
cblr-2930	796	7	a	a	DET
cblr-2930	796	8	proxy	proxy	NOUN
cblr-2930	796	9	contest	contest	NOUN
cblr-2930	796	10	are	be	AUX
cblr-2930	796	11	the	the	DET
cblr-2930	796	12	uphill	uphill	ADJ
cblr-2930	796	13	battle	battle	NOUN
cblr-2930	796	14	against	against	ADP
cblr-2930	796	15	incumbent	incumbent	ADJ
cblr-2930	796	16	management	management	NOUN
cblr-2930	796	17	which	which	PRON
cblr-2930	796	18	can	can	AUX
cblr-2930	796	19	deploy	deploy	VERB
cblr-2930	796	20	corporate	corporate	ADJ
cblr-2930	796	21	funds	fund	NOUN
cblr-2930	796	22	to	to	PART
cblr-2930	796	23	solicit	solicit	VERB
cblr-2930	796	24	proxies	proxy	NOUN
cblr-2930	796	25	and	and	CCONJ
cblr-2930	796	26	has	have	VERB
cblr-2930	796	27	an	an	DET
cblr-2930	796	28	informational	informational	ADJ
cblr-2930	796	29	advantage	advantage	NOUN
cblr-2930	796	30	,	,	PUNCT
cblr-2930	796	31	the	the	DET
cblr-2930	796	32	risk	risk	NOUN
cblr-2930	796	33	that	that	SCONJ
cblr-2930	796	34	institutional	institutional	ADJ
cblr-2930	796	35	investors	investor	NOUN
cblr-2930	796	36	may	may	AUX
cblr-2930	796	37	vote	vote	VERB
cblr-2930	796	38	with	with	ADP
cblr-2930	796	39	management	management	NOUN
cblr-2930	796	40	because	because	SCONJ
cblr-2930	796	41	of	of	ADP
cblr-2930	796	42	conflicts	conflict	NOUN
cblr-2930	796	43	of	of	ADP
cblr-2930	796	44	interest	interest	NOUN
cblr-2930	796	45	,	,	PUNCT
cblr-2930	796	46	the	the	DET
cblr-2930	796	47	problem	problem	NOUN
cblr-2930	796	48	that	that	SCONJ
cblr-2930	796	49	existing	exist	VERB
cblr-2930	796	50	shareholders	shareholder	NOUN
cblr-2930	796	51	may	may	AUX
cblr-2930	796	52	be	be	AUX
cblr-2930	796	53	skeptical	skeptical	ADJ
cblr-2930	796	54	about	about	ADP
cblr-2930	796	55	the	the	DET
cblr-2930	796	56	challenger	challenger	NOUN
cblr-2930	796	57	's	's	PART
cblr-2930	796	58	credibility	credibility	NOUN
cblr-2930	796	59	(	(	PUNCT
cblr-2930	796	60	which	which	PRON
cblr-2930	796	61	effectively	effectively	ADV
cblr-2930	796	62	causes	cause	VERB
cblr-2930	796	63	a	a	PRON
cblr-2930	796	64	...	...	PUNCT
cblr-2930	796	65	see	see	PROPN
cblr-2930	796	66	douglas	douglas	PROPN
cblr-2930	796	67	r.	r.	PROPN
cblr-2930	796	68	cole	cole	PROPN
cblr-2930	796	69	,	,	PUNCT
cblr-2930	796	70	e	e	NOUN
cblr-2930	796	71	-	-	NOUN
cblr-2930	796	72	proxies	proxy	NOUN
cblr-2930	796	73	for	for	ADP
cblr-2930	796	74	sale	sale	NOUN
cblr-2930	796	75	?	?	PUNCT
cblr-2930	797	1	corporate	corporate	ADJ
cblr-2930	797	2	vote	vote	NOUN
cblr-2930	797	3	-	-	PUNCT
cblr-2930	797	4	buying	buying	NOUN
cblr-2930	797	5	in	in	ADP
cblr-2930	797	6	the	the	DET
cblr-2930	797	7	internet	internet	NOUN
cblr-2930	797	8	age	age	NOUN
cblr-2930	797	9	,	,	PUNCT
cblr-2930	797	10	76	76	NUM
cblr-2930	797	11	wash	wash	NOUN
cblr-2930	797	12	.	.	PUNCT
cblr-2930	798	1	l.	l.	PROPN
cblr-2930	798	2	rev	rev	PROPN
cblr-2930	798	3	.	.	PROPN
cblr-2930	799	1	793	793	NUM
cblr-2930	799	2	,	,	PUNCT
cblr-2930	799	3	808	808	NUM
cblr-2930	799	4	(	(	PUNCT
cblr-2930	799	5	2001	2001	NUM
cblr-2930	799	6	)	)	PUNCT
cblr-2930	800	1	(	(	PUNCT
cblr-2930	800	2	noting	note	VERB
cblr-2930	800	3	that	that	SCONJ
cblr-2930	800	4	proxy	proxy	ADJ
cblr-2930	800	5	solicitation	solicitation	NOUN
cblr-2930	800	6	gives	give	VERB
cblr-2930	800	7	shareholders	shareholder	NOUN
cblr-2930	800	8	with	with	ADP
cblr-2930	800	9	superior	superior	ADJ
cblr-2930	800	10	information	information	NOUN
cblr-2930	800	11	a	a	DET
cblr-2930	800	12	method	method	NOUN
cblr-2930	800	13	for	for	ADP
cblr-2930	800	14	distributing	distribute	VERB
cblr-2930	800	15	it	it	PRON
cblr-2930	800	16	to	to	ADP
cblr-2930	800	17	other	other	ADJ
cblr-2930	800	18	shareholders	shareholder	NOUN
cblr-2930	800	19	)	)	PUNCT
cblr-2930	800	20	.	.	PUNCT
cblr-2930	801	1	1.o	1.o	NUM
cblr-2930	801	2	see	see	VERB
cblr-2930	801	3	henry	henry	PROPN
cblr-2930	801	4	g.	g.	PROPN
cblr-2930	801	5	manne	manne	PROPN
cblr-2930	801	6	,	,	PUNCT
cblr-2930	801	7	mergers	merger	NOUN
cblr-2930	801	8	and	and	CCONJ
cblr-2930	801	9	the	the	DET
cblr-2930	801	10	market	market	NOUN
cblr-2930	801	11	for	for	ADP
cblr-2930	801	12	corporate	corporate	ADJ
cblr-2930	801	13	control	control	NOUN
cblr-2930	801	14	,	,	PUNCT
cblr-2930	801	15	73	73	NUM
cblr-2930	801	16	j.	j.	PROPN
cblr-2930	801	17	pol	pol	PROPN
cblr-2930	801	18	.	.	PUNCT
cblr-2930	802	1	econ	econ	PROPN
cblr-2930	802	2	.	.	PUNCT
cblr-2930	803	1	110	110	NUM
cblr-2930	803	2	,	,	PUNCT
cblr-2930	803	3	114	114	NUM
cblr-2930	803	4	(	(	PUNCT
cblr-2930	803	5	1965	1965	NUM
cblr-2930	803	6	)	)	PUNCT
cblr-2930	803	7	;	;	PUNCT
cblr-2930	803	8	lucian	lucian	PROPN
cblr-2930	803	9	a.	a.	PROPN
cblr-2930	803	10	bebchuk	bebchuk	PROPN
cblr-2930	803	11	,	,	PUNCT
cblr-2930	803	12	the	the	DET
cblr-2930	803	13	myth	myth	NOUN
cblr-2930	803	14	of	of	ADP
cblr-2930	803	15	the	the	DET
cblr-2930	803	16	shareholder	shareholder	NOUN
cblr-2930	803	17	franchise	franchise	NOUN
cblr-2930	803	18	,	,	PUNCT
cblr-2930	803	19	93	93	NUM
cblr-2930	803	20	va	va	NOUN
cblr-2930	803	21	.	.	PUNCT
cblr-2930	804	1	l.	l.	PROPN
cblr-2930	804	2	rev	rev	PROPN
cblr-2930	804	3	.	.	PROPN
cblr-2930	804	4	675	675	NUM
cblr-2930	804	5	,	,	PUNCT
cblr-2930	804	6	688	688	NUM
cblr-2930	804	7	-	-	SYM
cblr-2930	804	8	89	89	NUM
cblr-2930	804	9	(	(	PUNCT
cblr-2930	804	10	2007	2007	NUM
cblr-2930	804	11	)	)	PUNCT
cblr-2930	804	12	;	;	PUNCT
cblr-2930	804	13	see	see	VERB
cblr-2930	804	14	also	also	ADV
cblr-2930	804	15	i	i	PROPN
cblr-2930	804	16	d.	d.	PROPN
cblr-2930	804	17	at	at	ADP
cblr-2930	804	18	697700	697700	NUM
cblr-2930	804	19	(	(	PUNCT
cblr-2930	804	20	arguing	argue	VERB
cblr-2930	804	21	for	for	ADP
cblr-2930	804	22	reimbursement	reimbursement	NOUN
cblr-2930	804	23	of	of	ADP
cblr-2930	804	24	proxy	proxy	ADJ
cblr-2930	804	25	challengers	challenger	NOUN
cblr-2930	804	26	'	'	PART
cblr-2930	804	27	reasonable	reasonable	ADJ
cblr-2930	804	28	expenses	expense	NOUN
cblr-2930	804	29	in	in	ADP
cblr-2930	804	30	certain	certain	ADJ
cblr-2930	804	31	circumstances	circumstance	NOUN
cblr-2930	804	32	)	)	PUNCT
cblr-2930	804	33	.	.	PUNCT
cblr-2930	805	1	mechanisms	mechanism	NOUN
cblr-2930	805	2	of	of	ADP
cblr-2930	805	3	voting	voting	NOUN
cblr-2930	805	4	efficiency	efficiency	NOUN
cblr-2930	805	5	8	8	NUM
cblr-2930	805	6	13no	13no	NUM
cblr-2930	805	7	.	.	PUNCT
cblr-2930	806	1	3:7631	3:7631	NUM
cblr-2930	806	2	columbia	columbia	PROPN
cblr-2930	806	3	business	business	PROPN
cblr-2930	806	4	law	law	PROPN
cblr-2930	806	5	review	review	VERB
cblr-2930	806	6	pro	pro	ADJ
cblr-2930	806	7	-	-	ADJ
cblr-2930	806	8	incumbent	incumbent	ADJ
cblr-2930	806	9	bias	bias	NOUN
cblr-2930	806	10	)	)	PUNCT
cblr-2930	806	11	,	,	PUNCT
cblr-2930	806	12	and	and	CCONJ
cblr-2930	806	13	so	so	ADV
cblr-2930	806	14	forth	forth	ADV
cblr-2930	806	15	.	.	PUNCT
cblr-2930	806	16	"	"	PUNCT
cblr-2930	806	17	''	''	PUNCT
cblr-2930	806	18	as	as	ADP
cblr-2930	806	19	a	a	DET
cblr-2930	806	20	result	result	NOUN
cblr-2930	806	21	,	,	PUNCT
cblr-2930	806	22	proxy	proxy	ADJ
cblr-2930	806	23	contests	contest	NOUN
cblr-2930	806	24	are	be	AUX
cblr-2930	806	25	rare	rare	ADJ
cblr-2930	806	26	.	.	PUNCT
cblr-2930	807	1	a	a	DET
cblr-2930	807	2	study	study	NOUN
cblr-2930	807	3	of	of	ADP
cblr-2930	807	4	contested	contest	VERB
cblr-2930	807	5	solicitations	solicitation	NOUN
cblr-2930	807	6	in	in	ADP
cblr-2930	807	7	u.s	u.s	PROPN
cblr-2930	807	8	.	.	PROPN
cblr-2930	807	9	firms	firm	NOUN
cblr-2930	807	10	between	between	ADP
cblr-2930	807	11	1996	1996	NUM
cblr-2930	807	12	and	and	CCONJ
cblr-2930	807	13	2005	2005	NUM
cblr-2930	807	14	identified	identify	VERB
cblr-2930	807	15	only	only	ADV
cblr-2930	807	16	seventy	seventy	NUM
cblr-2930	807	17	-	-	PUNCT
cblr-2930	807	18	four	four	NUM
cblr-2930	807	19	contests	contest	NOUN
cblr-2930	807	20	not	not	PART
cblr-2930	807	21	involving	involve	VERB
cblr-2930	807	22	the	the	DET
cblr-2930	807	23	election	election	NOUN
cblr-2930	807	24	of	of	ADP
cblr-2930	807	25	directors	director	NOUN
cblr-2930	807	26	,	,	PUNCT
cblr-2930	807	27	i.e.	i.e.	X
cblr-2930	807	28	,	,	PUNCT
cblr-2930	807	29	contests	contest	NOUN
cblr-2930	807	30	in	in	ADP
cblr-2930	807	31	which	which	PRON
cblr-2930	807	32	shareholders	shareholder	NOUN
cblr-2930	807	33	opposed	oppose	VERB
cblr-2930	807	34	the	the	DET
cblr-2930	807	35	board	board	NOUN
cblr-2930	807	36	on	on	ADP
cblr-2930	807	37	matters	matter	NOUN
cblr-2930	807	38	such	such	ADJ
cblr-2930	807	39	as	as	ADP
cblr-2930	807	40	mergers.132	mergers.132	NOUN
cblr-2930	807	41	this	this	PRON
cblr-2930	807	42	suggests	suggest	VERB
cblr-2930	807	43	that	that	SCONJ
cblr-2930	807	44	proxy	proxy	ADJ
cblr-2930	807	45	solicitation	solicitation	NOUN
cblr-2930	807	46	is	be	AUX
cblr-2930	807	47	of	of	ADP
cblr-2930	807	48	limited	limited	ADJ
cblr-2930	807	49	use	use	NOUN
cblr-2930	807	50	as	as	ADP
cblr-2930	807	51	an	an	DET
cblr-2930	807	52	arbitrage	arbitrage	NOUN
cblr-2930	807	53	strategy	strategy	NOUN
cblr-2930	807	54	to	to	PART
cblr-2930	807	55	leverage	leverage	VERB
cblr-2930	807	56	superior	superior	ADJ
cblr-2930	807	57	information	information	NOUN
cblr-2930	807	58	,	,	PUNCT
cblr-2930	807	59	at	at	ADP
cblr-2930	807	60	least	least	ADJ
cblr-2930	807	61	under	under	ADP
cblr-2930	807	62	the	the	DET
cblr-2930	807	63	present	present	ADJ
cblr-2930	807	64	rules	rule	NOUN
cblr-2930	807	65	of	of	ADP
cblr-2930	807	66	the	the	DET
cblr-2930	807	67	game	game	NOUN
cblr-2930	807	68	.	.	PUNCT
cblr-2930	808	1	c.	c.	NOUN
cblr-2930	808	2	vote	vote	NOUN
cblr-2930	808	3	buying	buy	VERB
cblr-2930	808	4	the	the	DET
cblr-2930	808	5	third	third	ADJ
cblr-2930	808	6	and	and	CCONJ
cblr-2930	808	7	final	final	ADJ
cblr-2930	808	8	arbitrage	arbitrage	NOUN
cblr-2930	808	9	strategy	strategy	NOUN
cblr-2930	808	10	examined	examine	VERB
cblr-2930	808	11	here	here	ADV
cblr-2930	808	12	is	be	AUX
cblr-2930	808	13	vote	vote	NOUN
cblr-2930	808	14	buying	buying	NOUN
cblr-2930	808	15	.	.	PUNCT
cblr-2930	809	1	the	the	DET
cblr-2930	809	2	potential	potential	NOUN
cblr-2930	809	3	of	of	ADP
cblr-2930	809	4	vote	vote	NOUN
cblr-2930	809	5	buying	buying	NOUN
cblr-2930	809	6	as	as	ADP
cblr-2930	809	7	a	a	DET
cblr-2930	809	8	strategy	strategy	NOUN
cblr-2930	809	9	to	to	PART
cblr-2930	809	10	leverage	leverage	VERB
cblr-2930	809	11	superior	superior	ADJ
cblr-2930	809	12	information	information	NOUN
cblr-2930	809	13	was	be	AUX
cblr-2930	809	14	recognized	recognize	VERB
cblr-2930	809	15	early	early	ADV
cblr-2930	809	16	on	on	ADV
cblr-2930	809	17	.	.	PUNCT
cblr-2930	810	1	in	in	ADP
cblr-2930	810	2	his	his	PRON
cblr-2930	810	3	classic	classic	ADJ
cblr-2930	810	4	1962	1962	NUM
cblr-2930	810	5	essay	essay	NOUN
cblr-2930	810	6	,	,	PUNCT
cblr-2930	810	7	henry	henry	PROPN
cblr-2930	810	8	manne	manne	PROPN
cblr-2930	810	9	observed	observe	VERB
cblr-2930	810	10	that	that	SCONJ
cblr-2930	810	11	the	the	DET
cblr-2930	810	12	market	market	NOUN
cblr-2930	810	13	for	for	ADP
cblr-2930	810	14	votes	vote	NOUN
cblr-2930	810	15	serves	serve	VERB
cblr-2930	810	16	the	the	DET
cblr-2930	810	17	critical	critical	ADJ
cblr-2930	810	18	function	function	NOUN
cblr-2930	810	19	of	of	ADP
cblr-2930	810	20	causing	cause	VERB
cblr-2930	810	21	votes	vote	NOUN
cblr-2930	810	22	to	to	PART
cblr-2930	810	23	move	move	VERB
cblr-2930	810	24	into	into	ADP
cblr-2930	810	25	the	the	DET
cblr-2930	810	26	hands	hand	NOUN
cblr-2930	810	27	of	of	ADP
cblr-2930	810	28	those	those	DET
cblr-2930	810	29	shareholders	shareholder	NOUN
cblr-2930	810	30	"	"	PUNCT
cblr-2930	810	31	who	who	PRON
cblr-2930	810	32	know	know	VERB
cblr-2930	810	33	how	how	SCONJ
cblr-2930	810	34	to	to	PART
cblr-2930	810	35	use	use	VERB
cblr-2930	810	36	[	[	PRON
cblr-2930	810	37	them	they	PRON
cblr-2930	810	38	]	]	X
cblr-2930	810	39	most	most	ADV
cblr-2930	810	40	profitably	profitably	ADV
cblr-2930	810	41	.	.	PUNCT
cblr-2930	811	1	"'3	"'3	PUNCT
cblr-2930	811	2	3	3	NUM
cblr-2930	811	3	in	in	ADP
cblr-2930	811	4	a	a	DET
cblr-2930	811	5	similar	similar	ADJ
cblr-2930	811	6	vein	vein	NOUN
cblr-2930	811	7	,	,	PUNCT
cblr-2930	811	8	robert	robert	PROPN
cblr-2930	811	9	clark	clark	PROPN
cblr-2930	811	10	noted	note	VERB
cblr-2930	811	11	that	that	SCONJ
cblr-2930	811	12	vote	vote	NOUN
cblr-2930	811	13	buying	buy	VERB
cblr-2930	811	14	"	"	PUNCT
cblr-2930	811	15	may	may	AUX
cblr-2930	811	16	be	be	AUX
cblr-2930	811	17	the	the	DET
cblr-2930	811	18	cheapest	cheap	ADJ
cblr-2930	811	19	or	or	CCONJ
cblr-2930	811	20	most	most	ADV
cblr-2930	811	21	feasible	feasible	ADJ
cblr-2930	811	22	way	way	NOUN
cblr-2930	811	23	for	for	SCONJ
cblr-2930	811	24	a	a	DET
cblr-2930	811	25	person	person	NOUN
cblr-2930	811	26	sincerely	sincerely	ADV
cblr-2930	811	27	interested	interested	ADJ
cblr-2930	811	28	in	in	ADP
cblr-2930	811	29	shareholder	shareholder	NOUN
cblr-2930	811	30	welfare	welfare	NOUN
cblr-2930	811	31	to	to	PART
cblr-2930	811	32	achieve	achieve	VERB
cblr-2930	811	33	results	result	NOUN
cblr-2930	811	34	that	that	PRON
cblr-2930	811	35	benefit	benefit	VERB
cblr-2930	811	36	the	the	DET
cblr-2930	811	37	corporation	corporation	NOUN
cblr-2930	811	38	as	as	ADP
cblr-2930	811	39	a	a	DET
cblr-2930	811	40	whole	whole	NOUN
cblr-2930	811	41	.	.	PUNCT
cblr-2930	812	1	"	"	PUNCT
cblr-2930	812	2	'	'	PUNCT
cblr-2930	812	3	4	4	NUM
cblr-2930	812	4	what	what	PRON
cblr-2930	812	5	are	be	AUX
cblr-2930	812	6	the	the	DET
cblr-2930	812	7	cost	cost	NOUN
cblr-2930	812	8	constraints	constraint	NOUN
cblr-2930	812	9	and	and	CCONJ
cblr-2930	812	10	legal	legal	ADJ
cblr-2930	812	11	constraints	constraint	NOUN
cblr-2930	812	12	to	to	ADP
cblr-2930	812	13	this	this	DET
cblr-2930	812	14	strategy	strategy	NOUN
cblr-2930	812	15	?	?	PUNCT
cblr-2930	813	1	131	131	NUM
cblr-2930	813	2	see	see	VERB
cblr-2930	813	3	generally	generally	ADV
cblr-2930	813	4	bebchuk	bebchuk	PROPN
cblr-2930	813	5	&	&	CCONJ
cblr-2930	813	6	hart	hart	PROPN
cblr-2930	813	7	,	,	PUNCT
cblr-2930	813	8	supra	supra	PROPN
cblr-2930	813	9	note	note	PROPN
cblr-2930	813	10	20	20	NUM
cblr-2930	813	11	;	;	PUNCT
cblr-2930	813	12	gilson	gilson	PROPN
cblr-2930	813	13	&	&	CCONJ
cblr-2930	813	14	schwarz	schwarz	PROPN
cblr-2930	813	15	,	,	PUNCT
cblr-2930	813	16	supra	supra	PROPN
cblr-2930	813	17	note	note	PROPN
cblr-2930	813	18	20	20	NUM
cblr-2930	813	19	;	;	PUNCT
cblr-2930	813	20	bebchuk	bebchuk	NOUN
cblr-2930	813	21	,	,	PUNCT
cblr-2930	813	22	supra	supra	PROPN
cblr-2930	813	23	note	note	NOUN
cblr-2930	813	24	130	130	NUM
cblr-2930	813	25	.	.	PUNCT
cblr-2930	814	1	132	132	NUM
cblr-2930	814	2	bebchuk	bebchuk	NOUN
cblr-2930	814	3	,	,	PUNCT
cblr-2930	814	4	supra	supra	PROPN
cblr-2930	814	5	note	note	PROPN
cblr-2930	814	6	130	130	NUM
cblr-2930	814	7	,	,	PUNCT
cblr-2930	814	8	at	at	ADP
cblr-2930	814	9	684	684	NUM
cblr-2930	814	10	-	-	SYM
cblr-2930	814	11	86	86	NUM
cblr-2930	814	12	.	.	PUNCT
cblr-2930	815	1	other	other	ADJ
cblr-2930	815	2	types	type	NOUN
cblr-2930	815	3	of	of	ADP
cblr-2930	815	4	contests	contest	NOUN
cblr-2930	815	5	were	be	AUX
cblr-2930	815	6	also	also	ADV
cblr-2930	815	7	rare	rare	ADJ
cblr-2930	815	8	.	.	PUNCT
cblr-2930	816	1	i	i	PRON
cblr-2930	816	2	d.	d.	PROPN
cblr-2930	816	3	at	at	ADP
cblr-2930	816	4	686	686	NUM
cblr-2930	816	5	.	.	NOUN
cblr-2930	816	6	113	113	NUM
cblr-2930	816	7	henry	henry	PROPN
cblr-2930	816	8	g.	g.	PROPN
cblr-2930	816	9	manne	manne	PROPN
cblr-2930	816	10	,	,	PUNCT
cblr-2930	816	11	some	some	DET
cblr-2930	816	12	theoretical	theoretical	ADJ
cblr-2930	816	13	aspects	aspect	NOUN
cblr-2930	816	14	of	of	ADP
cblr-2930	816	15	share	share	NOUN
cblr-2930	816	16	voting	voting	NOUN
cblr-2930	816	17	,	,	PUNCT
cblr-2930	816	18	64	64	NUM
cblr-2930	816	19	colum	colum	NOUN
cblr-2930	816	20	.	.	PUNCT
cblr-2930	817	1	l.	l.	PROPN
cblr-2930	817	2	rev	rev	PROPN
cblr-2930	817	3	.	.	PROPN
cblr-2930	817	4	1427	1427	NUM
cblr-2930	817	5	,	,	PUNCT
cblr-2930	817	6	1444	1444	NUM
cblr-2930	817	7	(	(	PUNCT
cblr-2930	817	8	1964	1964	NUM
cblr-2930	817	9	)	)	PUNCT
cblr-2930	817	10	.	.	PUNCT
cblr-2930	818	1	134	134	NUM
cblr-2930	818	2	robert	robert	PROPN
cblr-2930	818	3	c.	c.	PROPN
cblr-2930	818	4	clark	clark	PROPN
cblr-2930	818	5	,	,	PUNCT
cblr-2930	818	6	vote	vote	NOUN
cblr-2930	818	7	buying	buying	NOUN
cblr-2930	818	8	and	and	CCONJ
cblr-2930	818	9	corporate	corporate	ADJ
cblr-2930	818	10	law	law	NOUN
cblr-2930	818	11	,	,	PUNCT
cblr-2930	818	12	29	29	NUM
cblr-2930	818	13	case	case	NOUN
cblr-2930	818	14	w.	w.	NOUN
cblr-2930	818	15	res	res	PROPN
cblr-2930	818	16	.	.	PUNCT
cblr-2930	819	1	l.	l.	PROPN
cblr-2930	819	2	rev	rev	PROPN
cblr-2930	819	3	.	.	PROPN
cblr-2930	819	4	776	776	NUM
cblr-2930	819	5	,	,	PUNCT
cblr-2930	819	6	797	797	NUM
cblr-2930	819	7	(	(	PUNCT
cblr-2930	819	8	1979	1979	NUM
cblr-2930	819	9	)	)	PUNCT
cblr-2930	819	10	;	;	PUNCT
cblr-2930	819	11	see	see	VERB
cblr-2930	819	12	also	also	ADV
cblr-2930	819	13	thomas	thomas	PROPN
cblr-2930	819	14	j.	j.	PROPN
cblr-2930	819	15	andre	andre	PROPN
cblr-2930	819	16	,	,	PUNCT
cblr-2930	819	17	jr	jr	PROPN
cblr-2930	819	18	.	.	PROPN
cblr-2930	819	19	,	,	PUNCT
cblr-2930	819	20	a	a	DET
cblr-2930	819	21	preliminary	preliminary	ADJ
cblr-2930	819	22	inquiry	inquiry	NOUN
cblr-2930	819	23	into	into	ADP
cblr-2930	819	24	the	the	DET
cblr-2930	819	25	utility	utility	NOUN
cblr-2930	819	26	of	of	ADP
cblr-2930	819	27	vote	vote	NOUN
cblr-2930	819	28	buying	buying	NOUN
cblr-2930	819	29	in	in	ADP
cblr-2930	819	30	the	the	DET
cblr-2930	819	31	market	market	NOUN
cblr-2930	819	32	for	for	ADP
cblr-2930	819	33	corporate	corporate	ADJ
cblr-2930	819	34	control	control	NOUN
cblr-2930	819	35	,	,	PUNCT
cblr-2930	819	36	63	63	NUM
cblr-2930	819	37	s.	s.	PROPN
cblr-2930	819	38	cal	cal	PROPN
cblr-2930	819	39	.	.	PUNCT
cblr-2930	820	1	l.	l.	PROPN
cblr-2930	820	2	rev	rev	PROPN
cblr-2930	820	3	.	.	PROPN
cblr-2930	820	4	533	533	NUM
cblr-2930	820	5	,	,	PUNCT
cblr-2930	820	6	592	592	NUM
cblr-2930	820	7	(	(	PUNCT
cblr-2930	820	8	1990	1990	NUM
cblr-2930	820	9	)	)	PUNCT
cblr-2930	820	10	(	(	PUNCT
cblr-2930	820	11	examining	examine	VERB
cblr-2930	820	12	how	how	SCONJ
cblr-2930	820	13	a	a	DET
cblr-2930	820	14	bidder	bidder	NOUN
cblr-2930	820	15	might	might	AUX
cblr-2930	820	16	purchase	purchase	VERB
cblr-2930	820	17	votes	vote	NOUN
cblr-2930	820	18	as	as	ADP
cblr-2930	820	19	the	the	DET
cblr-2930	820	20	first	first	ADJ
cblr-2930	820	21	step	step	NOUN
cblr-2930	820	22	toward	toward	ADP
cblr-2930	820	23	acquiring	acquire	VERB
cblr-2930	820	24	the	the	DET
cblr-2930	820	25	entire	entire	ADJ
cblr-2930	820	26	equity	equity	NOUN
cblr-2930	820	27	interest	interest	NOUN
cblr-2930	820	28	in	in	ADP
cblr-2930	820	29	its	its	PRON
cblr-2930	820	30	target	target	NOUN
cblr-2930	820	31	and	and	CCONJ
cblr-2930	820	32	concluding	conclude	VERB
cblr-2930	820	33	that	that	SCONJ
cblr-2930	820	34	"	"	PUNCT
cblr-2930	820	35	assuming	assume	VERB
cblr-2930	820	36	that	that	SCONJ
cblr-2930	820	37	[	[	X
cblr-2930	820	38	the	the	DET
cblr-2930	820	39	bidder	bidder	NOUN
cblr-2930	820	40	]	]	PUNCT
cblr-2930	820	41	increases	increase	VERB
cblr-2930	820	42	share	share	NOUN
cblr-2930	820	43	values	value	NOUN
cblr-2930	820	44	,	,	PUNCT
cblr-2930	820	45	vote	vote	NOUN
cblr-2930	820	46	buying	buying	NOUN
cblr-2930	820	47	can	can	AUX
cblr-2930	820	48	lead	lead	VERB
cblr-2930	820	49	to	to	ADP
cblr-2930	820	50	additional	additional	ADJ
cblr-2930	820	51	gains	gain	NOUN
cblr-2930	820	52	,	,	PUNCT
cblr-2930	820	53	the	the	DET
cblr-2930	820	54	bulk	bulk	NOUN
cblr-2930	820	55	of	of	ADP
cblr-2930	820	56	which	which	PRON
cblr-2930	820	57	are	be	AUX
cblr-2930	820	58	captured	capture	VERB
cblr-2930	820	59	by	by	ADP
cblr-2930	820	60	the	the	DET
cblr-2930	820	61	public	public	ADJ
cblr-2930	820	62	stockholders	stockholder	NOUN
cblr-2930	820	63	"	"	PUNCT
cblr-2930	820	64	)	)	PUNCT
cblr-2930	820	65	;	;	PUNCT
cblr-2930	820	66	richard	richard	PROPN
cblr-2930	820	67	l.	l.	PROPN
cblr-2930	820	68	hasen	hasen	PROPN
cblr-2930	820	69	,	,	PUNCT
cblr-2930	820	70	vote	vote	NOUN
cblr-2930	820	71	buying	buying	NOUN
cblr-2930	820	72	,	,	PUNCT
cblr-2930	820	73	88	88	NUM
cblr-2930	820	74	calif	calif	NOUN
cblr-2930	820	75	.	.	PUNCT
cblr-2930	821	1	l.	l.	PROPN
cblr-2930	821	2	rev	rev	PROPN
cblr-2930	821	3	.	.	PROPN
cblr-2930	821	4	1323	1323	NUM
cblr-2930	821	5	,	,	PUNCT
cblr-2930	821	6	1349	1349	NUM
cblr-2930	821	7	-	-	SYM
cblr-2930	821	8	53	53	NUM
cblr-2930	821	9	(	(	PUNCT
cblr-2930	821	10	2000	2000	NUM
cblr-2930	821	11	)	)	PUNCT
cblr-2930	821	12	(	(	PUNCT
cblr-2930	821	13	acknowledging	acknowledge	VERB
cblr-2930	821	14	the	the	DET
cblr-2930	821	15	potential	potential	NOUN
cblr-2930	821	16	of	of	ADP
cblr-2930	821	17	efficiency	efficiency	NOUN
cblr-2930	821	18	gains	gain	NOUN
cblr-2930	821	19	from	from	ADP
cblr-2930	821	20	facilitating	facilitate	VERB
cblr-2930	821	21	corporate	corporate	ADJ
cblr-2930	821	22	vote	vote	NOUN
cblr-2930	821	23	buying	buying	NOUN
cblr-2930	821	24	)	)	PUNCT
cblr-2930	821	25	;	;	PUNCT
cblr-2930	821	26	levmore	levmore	NOUN
cblr-2930	821	27	,	,	PUNCT
cblr-2930	821	28	supra	supra	PROPN
cblr-2930	821	29	note	note	PROPN
cblr-2930	821	30	17	17	NUM
cblr-2930	821	31	,	,	PUNCT
cblr-2930	821	32	at	at	ADP
cblr-2930	821	33	138	138	NUM
cblr-2930	821	34	(	(	PUNCT
cblr-2930	821	35	noting	note	VERB
cblr-2930	821	36	that	that	SCONJ
cblr-2930	821	37	an	an	DET
cblr-2930	821	38	ability	ability	NOUN
cblr-2930	821	39	to	to	PART
cblr-2930	821	40	purchase	purchase	VERB
cblr-2930	821	41	voting	voting	NOUN
cblr-2930	821	42	rights	right	NOUN
cblr-2930	821	43	"	"	PUNCT
cblr-2930	821	44	can	can	AUX
cblr-2930	821	45	provide	provide	VERB
cblr-2930	821	46	a	a	DET
cblr-2930	821	47	useful	useful	ADJ
cblr-2930	821	48	safety	safety	NOUN
cblr-2930	821	49	valve	valve	NOUN
cblr-2930	821	50	where	where	SCONJ
cblr-2930	821	51	defensive	defensive	ADJ
cblr-2930	821	52	tactics	tactic	NOUN
cblr-2930	821	53	go	go	VERB
cblr-2930	821	54	too	too	ADV
cblr-2930	821	55	far	far	ADV
cblr-2930	821	56	in	in	ADP
cblr-2930	821	57	blocking	block	VERB
cblr-2930	821	58	desirable	desirable	ADJ
cblr-2930	821	59	takeovers	takeover	NOUN
cblr-2930	821	60	"	"	PUNCT
cblr-2930	821	61	)	)	PUNCT
cblr-2930	821	62	;	;	PUNCT
cblr-2930	821	63	zvika	zvika	X
cblr-2930	821	64	neeman	neeman	PROPN
cblr-2930	821	65	&	&	CCONJ
cblr-2930	821	66	814	814	NUM
cblr-2930	822	1	[	[	X
cblr-2930	822	2	vol	vol	NOUN
cblr-2930	822	3	.	.	NOUN
cblr-2930	822	4	20	20	NUM
cblr-2930	822	5	10	10	NUM
cblr-2930	822	6	the	the	DET
cblr-2930	822	7	costs	cost	NOUN
cblr-2930	822	8	will	will	AUX
cblr-2930	822	9	largely	largely	ADV
cblr-2930	822	10	depend	depend	VERB
cblr-2930	822	11	on	on	ADP
cblr-2930	822	12	the	the	DET
cblr-2930	822	13	consideration	consideration	NOUN
cblr-2930	822	14	to	to	PART
cblr-2930	822	15	be	be	AUX
cblr-2930	822	16	paid	pay	VERB
cblr-2930	822	17	to	to	ADP
cblr-2930	822	18	the	the	DET
cblr-2930	822	19	shareholder	shareholder	NOUN
cblr-2930	822	20	who	who	PRON
cblr-2930	822	21	agrees	agree	VERB
cblr-2930	822	22	to	to	PART
cblr-2930	822	23	vote	vote	VERB
cblr-2930	822	24	as	as	SCONJ
cblr-2930	822	25	instructed	instruct	VERB
cblr-2930	822	26	.	.	PUNCT
cblr-2930	823	1	the	the	DET
cblr-2930	823	2	consideration	consideration	NOUN
cblr-2930	823	3	will	will	AUX
cblr-2930	823	4	be	be	AUX
cblr-2930	823	5	a	a	DET
cblr-2930	823	6	function	function	NOUN
cblr-2930	823	7	of	of	ADP
cblr-2930	823	8	the	the	DET
cblr-2930	823	9	number	number	NOUN
cblr-2930	823	10	of	of	ADP
cblr-2930	823	11	votes	vote	NOUN
cblr-2930	823	12	that	that	PRON
cblr-2930	823	13	need	need	VERB
cblr-2930	823	14	to	to	PART
cblr-2930	823	15	be	be	AUX
cblr-2930	823	16	bought	buy	VERB
cblr-2930	823	17	in	in	ADP
cblr-2930	823	18	order	order	NOUN
cblr-2930	823	19	to	to	PART
cblr-2930	823	20	become	become	VERB
cblr-2930	823	21	the	the	DET
cblr-2930	823	22	pivotal	pivotal	ADJ
cblr-2930	823	23	voter	voter	NOUN
cblr-2930	823	24	or	or	CCONJ
cblr-2930	823	25	at	at	ADP
cblr-2930	823	26	least	least	ADJ
cblr-2930	823	27	to	to	PART
cblr-2930	823	28	significantly	significantly	ADV
cblr-2930	823	29	increase	increase	VERB
cblr-2930	823	30	the	the	DET
cblr-2930	823	31	probability	probability	NOUN
cblr-2930	823	32	that	that	SCONJ
cblr-2930	823	33	a	a	DET
cblr-2930	823	34	majority	majority	NOUN
cblr-2930	823	35	of	of	ADP
cblr-2930	823	36	the	the	DET
cblr-2930	823	37	shares	share	NOUN
cblr-2930	823	38	is	be	AUX
cblr-2930	823	39	voted	vote	VERB
cblr-2930	823	40	for	for	ADP
cblr-2930	823	41	the	the	DET
cblr-2930	823	42	correct	correct	ADJ
cblr-2930	823	43	option	option	NOUN
cblr-2930	823	44	.	.	PUNCT
cblr-2930	824	1	this	this	PRON
cblr-2930	824	2	,	,	PUNCT
cblr-2930	824	3	in	in	ADP
cblr-2930	824	4	turn	turn	NOUN
cblr-2930	824	5	,	,	PUNCT
cblr-2930	824	6	will	will	AUX
cblr-2930	824	7	depend	depend	VERB
cblr-2930	824	8	on	on	ADP
cblr-2930	824	9	the	the	DET
cblr-2930	824	10	number	number	NOUN
cblr-2930	824	11	of	of	ADP
cblr-2930	824	12	shares	share	NOUN
cblr-2930	824	13	initially	initially	ADV
cblr-2930	824	14	held	hold	VERB
cblr-2930	824	15	and	and	CCONJ
cblr-2930	824	16	other	other	ADJ
cblr-2930	824	17	factors	factor	NOUN
cblr-2930	824	18	such	such	ADJ
cblr-2930	824	19	as	as	ADP
cblr-2930	824	20	the	the	DET
cblr-2930	824	21	likely	likely	ADJ
cblr-2930	824	22	turnout	turnout	NOUN
cblr-2930	824	23	,	,	PUNCT
cblr-2930	824	24	the	the	DET
cblr-2930	824	25	judgment	judgment	NOUN
cblr-2930	824	26	of	of	ADP
cblr-2930	824	27	other	other	ADJ
cblr-2930	824	28	shareholders	shareholder	NOUN
cblr-2930	824	29	on	on	ADP
cblr-2930	824	30	the	the	DET
cblr-2930	824	31	question	question	NOUN
cblr-2930	824	32	of	of	ADP
cblr-2930	824	33	which	which	PRON
cblr-2930	824	34	is	be	AUX
cblr-2930	824	35	the	the	DET
cblr-2930	824	36	correct	correct	ADJ
cblr-2930	824	37	option	option	NOUN
cblr-2930	824	38	,	,	PUNCT
cblr-2930	824	39	and	and	CCONJ
cblr-2930	824	40	the	the	DET
cblr-2930	824	41	preference	preference	NOUN
cblr-2930	824	42	distribution	distribution	NOUN
cblr-2930	824	43	.	.	PUNCT
cblr-2930	825	1	it	it	PRON
cblr-2930	825	2	appears	appear	VERB
cblr-2930	825	3	that	that	SCONJ
cblr-2930	825	4	in	in	ADP
cblr-2930	825	5	absolute	absolute	ADJ
cblr-2930	825	6	terms	term	NOUN
cblr-2930	825	7	,	,	PUNCT
cblr-2930	825	8	the	the	DET
cblr-2930	825	9	costs	cost	NOUN
cblr-2930	825	10	of	of	ADP
cblr-2930	825	11	buying	buying	NOUN
cblr-2930	825	12	votes	vote	NOUN
cblr-2930	825	13	,	,	PUNCT
cblr-2930	825	14	although	although	SCONJ
cblr-2930	825	15	not	not	PART
cblr-2930	825	16	insignificant	insignificant	ADJ
cblr-2930	825	17	,	,	PUNCT
cblr-2930	825	18	need	need	AUX
cblr-2930	825	19	not	not	PART
cblr-2930	825	20	be	be	AUX
cblr-2930	825	21	insurmountable	insurmountable	ADJ
cblr-2930	825	22	either	either	ADV
cblr-2930	825	23	.	.	PUNCT
cblr-2930	826	1	"	"	PUNCT
cblr-2930	826	2	'	'	PUNCT
cblr-2930	826	3	whether	whether	SCONJ
cblr-2930	826	4	it	it	PRON
cblr-2930	826	5	is	be	AUX
cblr-2930	826	6	worthwhile	worthwhile	ADJ
cblr-2930	826	7	to	to	PART
cblr-2930	826	8	incur	incur	VERB
cblr-2930	826	9	the	the	DET
cblr-2930	826	10	costs	cost	NOUN
cblr-2930	826	11	will	will	AUX
cblr-2930	826	12	depend	depend	VERB
cblr-2930	826	13	on	on	ADP
cblr-2930	826	14	whether	whether	SCONJ
cblr-2930	826	15	they	they	PRON
cblr-2930	826	16	are	be	AUX
cblr-2930	826	17	exceeded	exceed	VERB
cblr-2930	826	18	by	by	ADP
cblr-2930	826	19	the	the	DET
cblr-2930	826	20	expected	expect	VERB
cblr-2930	826	21	benefits	benefit	NOUN
cblr-2930	826	22	,	,	PUNCT
cblr-2930	826	23	in	in	ADP
cblr-2930	826	24	the	the	DET
cblr-2930	826	25	form	form	NOUN
cblr-2930	826	26	of	of	ADP
cblr-2930	826	27	a	a	DET
cblr-2930	826	28	capital	capital	NOUN
cblr-2930	826	29	gain	gain	NOUN
cblr-2930	826	30	on	on	ADP
cblr-2930	826	31	the	the	DET
cblr-2930	826	32	shares	share	NOUN
cblr-2930	826	33	initially	initially	ADV
cblr-2930	826	34	held	hold	VERB
cblr-2930	826	35	,	,	PUNCT
cblr-2930	826	36	if	if	SCONJ
cblr-2930	826	37	the	the	DET
cblr-2930	826	38	correct	correct	ADJ
cblr-2930	826	39	option	option	NOUN
cblr-2930	826	40	is	be	AUX
cblr-2930	826	41	chosen	choose	VERB
cblr-2930	826	42	(	(	PUNCT
cblr-2930	826	43	adjusted	adjust	VERB
cblr-2930	826	44	for	for	ADP
cblr-2930	826	45	the	the	DET
cblr-2930	826	46	probability	probability	NOUN
cblr-2930	826	47	that	that	SCONJ
cblr-2930	826	48	the	the	DET
cblr-2930	826	49	correct	correct	ADJ
cblr-2930	826	50	option	option	NOUN
cblr-2930	826	51	will	will	AUX
cblr-2930	826	52	not	not	PART
cblr-2930	826	53	be	be	AUX
cblr-2930	826	54	chosen	choose	VERB
cblr-2930	826	55	)	)	PUNCT
cblr-2930	826	56	.	.	PUNCT
cblr-2930	827	1	this	this	PRON
cblr-2930	827	2	suggests	suggest	VERB
cblr-2930	827	3	that	that	SCONJ
cblr-2930	827	4	vote	vote	NOUN
cblr-2930	827	5	buying	buying	NOUN
cblr-2930	827	6	will	will	AUX
cblr-2930	827	7	generally	generally	ADV
cblr-2930	827	8	be	be	AUX
cblr-2930	827	9	worthwhile	worthwhile	ADJ
cblr-2930	827	10	only	only	ADV
cblr-2930	827	11	for	for	ADP
cblr-2930	827	12	shareholders	shareholder	NOUN
cblr-2930	827	13	with	with	ADP
cblr-2930	827	14	a	a	DET
cblr-2930	827	15	sizeable	sizeable	ADJ
cblr-2930	827	16	stake	stake	NOUN
cblr-2930	827	17	.	.	PUNCT
cblr-2930	828	1	turning	turn	VERB
cblr-2930	828	2	to	to	ADP
cblr-2930	828	3	legal	legal	ADJ
cblr-2930	828	4	constraints	constraint	NOUN
cblr-2930	828	5	,	,	PUNCT
cblr-2930	828	6	courts	court	NOUN
cblr-2930	828	7	have	have	AUX
cblr-2930	828	8	long	long	ADV
cblr-2930	828	9	harbored	harbor	VERB
cblr-2930	828	10	suspicions	suspicion	NOUN
cblr-2930	828	11	toward	toward	ADP
cblr-2930	828	12	vote	vote	NOUN
cblr-2930	828	13	buying	buying	NOUN
cblr-2930	828	14	because	because	SCONJ
cblr-2930	828	15	,	,	PUNCT
cblr-2930	828	16	as	as	SCONJ
cblr-2930	828	17	the	the	DET
cblr-2930	828	18	delaware	delaware	PROPN
cblr-2930	828	19	chancery	chancery	PROPN
cblr-2930	828	20	court	court	PROPN
cblr-2930	828	21	put	put	VERB
cblr-2930	828	22	it	it	PRON
cblr-2930	828	23	in	in	ADP
cblr-2930	828	24	the	the	DET
cblr-2930	828	25	landmark	landmark	NOUN
cblr-2930	828	26	case	case	NOUN
cblr-2930	828	27	of	of	ADP
cblr-2930	828	28	schreiber	schreiber	PROPN
cblr-2930	828	29	v.	v.	PROPN
cblr-2930	828	30	carney	carney	PROPN
cblr-2930	828	31	,	,	PUNCT
cblr-2930	828	32	"	"	PUNCT
cblr-2930	828	33	vote	vote	NOUN
cblr-2930	828	34	buying	buying	NOUN
cblr-2930	828	35	is	be	AUX
cblr-2930	828	36	so	so	ADV
cblr-2930	828	37	easily	easily	ADV
cblr-2930	828	38	susceptible	susceptible	ADJ
cblr-2930	828	39	of	of	ADP
cblr-2930	828	40	abuse	abuse	NOUN
cblr-2930	828	41	.	.	PUNCT
cblr-2930	829	1	"	"	PUNCT
cblr-2930	829	2	"	"	PUNCT
cblr-2930	829	3	'	'	PUNCT
cblr-2930	829	4	as	as	ADP
cblr-2930	829	5	in	in	ADP
cblr-2930	829	6	the	the	DET
cblr-2930	829	7	debate	debate	NOUN
cblr-2930	829	8	on	on	ADP
cblr-2930	829	9	whether	whether	SCONJ
cblr-2930	829	10	it	it	PRON
cblr-2930	829	11	is	be	AUX
cblr-2930	829	12	efficient	efficient	ADJ
cblr-2930	829	13	that	that	SCONJ
cblr-2930	829	14	firms	firm	NOUN
cblr-2930	829	15	'	'	PART
cblr-2930	829	16	capital	capital	NOUN
cblr-2930	829	17	structures	structure	NOUN
cblr-2930	829	18	reflect	reflect	VERB
cblr-2930	829	19	the	the	DET
cblr-2930	829	20	principle	principle	NOUN
cblr-2930	829	21	of	of	ADP
cblr-2930	829	22	one	one	NUM
cblr-2930	829	23	share	share	NOUN
cblr-2930	829	24	-	-	PUNCT
cblr-2930	829	25	one	one	NUM
cblr-2930	829	26	vote	vote	NOUN
cblr-2930	829	27	,	,	PUNCT
cblr-2930	829	28	the	the	DET
cblr-2930	829	29	gerhard	gerhard	PROPN
cblr-2930	829	30	0	0	PROPN
cblr-2930	829	31	.	.	PUNCT
cblr-2930	830	1	orosel	orosel	ADJ
cblr-2930	830	2	,	,	PUNCT
cblr-2930	830	3	on	on	ADP
cblr-2930	830	4	the	the	DET
cblr-2930	830	5	efficiency	efficiency	NOUN
cblr-2930	830	6	of	of	ADP
cblr-2930	830	7	vote	vote	NOUN
cblr-2930	830	8	buying	buying	NOUN
cblr-2930	830	9	when	when	SCONJ
cblr-2930	830	10	voters	voter	NOUN
cblr-2930	830	11	have	have	VERB
cblr-2930	830	12	common	common	ADJ
cblr-2930	830	13	interests	interest	NOUN
cblr-2930	830	14	,	,	PUNCT
cblr-2930	830	15	26	26	NUM
cblr-2930	830	16	int'l	int'l	NOUN
cblr-2930	830	17	rev	rev	VERB
cblr-2930	830	18	.	.	PROPN
cblr-2930	830	19	l.	l.	PROPN
cblr-2930	830	20	&	&	CCONJ
cblr-2930	830	21	econ	econ	PROPN
cblr-2930	830	22	.	.	PUNCT
cblr-2930	831	1	536	536	NUM
cblr-2930	831	2	(	(	PUNCT
cblr-2930	831	3	2006	2006	NUM
cblr-2930	831	4	)	)	PUNCT
cblr-2930	831	5	(	(	PUNCT
cblr-2930	831	6	building	build	VERB
cblr-2930	831	7	a	a	DET
cblr-2930	831	8	model	model	NOUN
cblr-2930	831	9	to	to	PART
cblr-2930	831	10	examine	examine	VERB
cblr-2930	831	11	the	the	DET
cblr-2930	831	12	conditions	condition	NOUN
cblr-2930	831	13	under	under	ADP
cblr-2930	831	14	which	which	PRON
cblr-2930	831	15	vote	vote	NOUN
cblr-2930	831	16	buying	buying	NOUN
cblr-2930	831	17	may	may	AUX
cblr-2930	831	18	promote	promote	VERB
cblr-2930	831	19	efficiency	efficiency	NOUN
cblr-2930	831	20	in	in	ADP
cblr-2930	831	21	an	an	DET
cblr-2930	831	22	environment	environment	NOUN
cblr-2930	831	23	where	where	SCONJ
cblr-2930	831	24	voters	voter	NOUN
cblr-2930	831	25	have	have	VERB
cblr-2930	831	26	identical	identical	ADJ
cblr-2930	831	27	preferences	preference	NOUN
cblr-2930	831	28	and	and	CCONJ
cblr-2930	831	29	producing	produce	VERB
cblr-2930	831	30	results	result	NOUN
cblr-2930	831	31	suggesting	suggest	VERB
cblr-2930	831	32	that	that	DET
cblr-2930	831	33	vote	vote	NOUN
cblr-2930	831	34	buying	buying	NOUN
cblr-2930	831	35	may	may	AUX
cblr-2930	831	36	prove	prove	VERB
cblr-2930	831	37	beneficial	beneficial	ADJ
cblr-2930	831	38	in	in	ADP
cblr-2930	831	39	the	the	DET
cblr-2930	831	40	market	market	NOUN
cblr-2930	831	41	for	for	ADP
cblr-2930	831	42	corporate	corporate	ADJ
cblr-2930	831	43	control	control	NOUN
cblr-2930	831	44	)	)	PUNCT
cblr-2930	831	45	.	.	PUNCT
cblr-2930	832	1	"	"	PUNCT
cblr-2930	832	2	'	'	PUNCT
cblr-2930	832	3	understandably	understandably	ADV
cblr-2930	832	4	,	,	PUNCT
cblr-2930	832	5	there	there	PRON
cblr-2930	832	6	is	be	VERB
cblr-2930	832	7	no	no	DET
cblr-2930	832	8	empirical	empirical	ADJ
cblr-2930	832	9	evidence	evidence	NOUN
cblr-2930	832	10	on	on	ADP
cblr-2930	832	11	the	the	DET
cblr-2930	832	12	cost	cost	NOUN
cblr-2930	832	13	of	of	ADP
cblr-2930	832	14	buying	buy	VERB
cblr-2930	832	15	votes	vote	NOUN
cblr-2930	832	16	from	from	ADP
cblr-2930	832	17	other	other	ADJ
cblr-2930	832	18	shareholders	shareholder	NOUN
cblr-2930	832	19	by	by	ADP
cblr-2930	832	20	instructing	instruct	VERB
cblr-2930	832	21	them	they	PRON
cblr-2930	832	22	how	how	SCONJ
cblr-2930	832	23	to	to	PART
cblr-2930	832	24	vote	vote	VERB
cblr-2930	832	25	,	,	PUNCT
cblr-2930	832	26	and	and	CCONJ
cblr-2930	832	27	much	much	ADJ
cblr-2930	832	28	will	will	AUX
cblr-2930	832	29	depend	depend	VERB
cblr-2930	832	30	on	on	ADP
cblr-2930	832	31	the	the	DET
cblr-2930	832	32	specifics	specific	NOUN
cblr-2930	832	33	of	of	ADP
cblr-2930	832	34	the	the	DET
cblr-2930	832	35	case	case	NOUN
cblr-2930	832	36	.	.	PUNCT
cblr-2930	833	1	in	in	ADP
cblr-2930	833	2	addition	addition	NOUN
cblr-2930	833	3	to	to	ADP
cblr-2930	833	4	the	the	DET
cblr-2930	833	5	consideration	consideration	NOUN
cblr-2930	833	6	,	,	PUNCT
cblr-2930	833	7	the	the	DET
cblr-2930	833	8	arbitrageur	arbitrageur	NOUN
cblr-2930	833	9	will	will	AUX
cblr-2930	833	10	have	have	VERB
cblr-2930	833	11	to	to	PART
cblr-2930	833	12	incur	incur	VERB
cblr-2930	833	13	the	the	DET
cblr-2930	833	14	cost	cost	NOUN
cblr-2930	833	15	of	of	ADP
cblr-2930	833	16	finding	find	VERB
cblr-2930	833	17	one	one	NUM
cblr-2930	833	18	or	or	CCONJ
cblr-2930	833	19	more	more	ADJ
cblr-2930	833	20	shareholders	shareholder	NOUN
cblr-2930	833	21	willing	willing	ADJ
cblr-2930	833	22	to	to	PART
cblr-2930	833	23	sell	sell	VERB
cblr-2930	833	24	their	their	PRON
cblr-2930	833	25	votes	vote	NOUN
cblr-2930	833	26	as	as	ADV
cblr-2930	833	27	well	well	ADV
cblr-2930	833	28	as	as	ADP
cblr-2930	833	29	other	other	ADJ
cblr-2930	833	30	transaction	transaction	NOUN
cblr-2930	833	31	costs	cost	NOUN
cblr-2930	833	32	.	.	PUNCT
cblr-2930	834	1	1	1	NUM
cblr-2930	834	2	'	'	PART
cblr-2930	834	3	schreiber	schreiber	PROPN
cblr-2930	834	4	v.	v.	PROPN
cblr-2930	834	5	carney	carney	PROPN
cblr-2930	834	6	,	,	PUNCT
cblr-2930	834	7	447	447	NUM
cblr-2930	834	8	a.2d	a.2d	NUM
cblr-2930	834	9	17	17	NUM
cblr-2930	834	10	,	,	PUNCT
cblr-2930	834	11	26	26	NUM
cblr-2930	834	12	(	(	PUNCT
cblr-2930	834	13	del	del	PROPN
cblr-2930	834	14	.	.	PROPN
cblr-2930	834	15	ch	ch	PROPN
cblr-2930	834	16	.	.	PROPN
cblr-2930	834	17	1982	1982	NUM
cblr-2930	834	18	)	)	PUNCT
cblr-2930	834	19	.	.	PUNCT
cblr-2930	835	1	in	in	ADP
cblr-2930	835	2	this	this	DET
cblr-2930	835	3	section	section	NOUN
cblr-2930	835	4	we	we	PRON
cblr-2930	835	5	focus	focus	VERB
cblr-2930	835	6	on	on	ADP
cblr-2930	835	7	legal	legal	ADJ
cblr-2930	835	8	constraints	constraint	NOUN
cblr-2930	835	9	imposed	impose	VERB
cblr-2930	835	10	by	by	ADP
cblr-2930	835	11	case	case	NOUN
cblr-2930	835	12	law	law	NOUN
cblr-2930	835	13	,	,	PUNCT
cblr-2930	835	14	but	but	CCONJ
cblr-2930	835	15	the	the	DET
cblr-2930	835	16	above	above	ADJ
cblr-2930	835	17	legal	legal	ADJ
cblr-2930	835	18	constraints	constraint	NOUN
cblr-2930	835	19	imposed	impose	VERB
cblr-2930	835	20	by	by	ADP
cblr-2930	835	21	federal	federal	ADJ
cblr-2930	835	22	securities	security	NOUN
cblr-2930	835	23	laws	law	NOUN
cblr-2930	835	24	apply	apply	VERB
cblr-2930	835	25	equally	equally	ADV
cblr-2930	835	26	.	.	PUNCT
cblr-2930	836	1	see	see	VERB
cblr-2930	836	2	supra	supra	PROPN
cblr-2930	836	3	notes	note	VERB
cblr-2930	836	4	127	127	NUM
cblr-2930	836	5	-	-	SYM
cblr-2930	836	6	28	28	NUM
cblr-2930	836	7	and	and	CCONJ
cblr-2930	836	8	accompanying	accompany	VERB
cblr-2930	836	9	text	text	NOUN
cblr-2930	836	10	.	.	PUNCT
cblr-2930	837	1	mechanisms	mechanism	NOUN
cblr-2930	837	2	of	of	ADP
cblr-2930	837	3	voting	vote	VERB
cblr-2930	837	4	efficiency	efficiency	NOUN
cblr-2930	837	5	815no	815no	NOUN
cblr-2930	837	6	.	.	PUNCT
cblr-2930	838	1	3:763]1	3:763]1	NUM
cblr-2930	838	2	concern	concern	NOUN
cblr-2930	838	3	is	be	AUX
cblr-2930	838	4	that	that	SCONJ
cblr-2930	838	5	leveraged	leveraged	ADJ
cblr-2930	838	6	voting	voting	NOUN
cblr-2930	838	7	power	power	NOUN
cblr-2930	838	8	enables	enable	VERB
cblr-2930	838	9	shareholders	shareholder	NOUN
cblr-2930	838	10	to	to	PART
cblr-2930	838	11	take	take	VERB
cblr-2930	838	12	self	self	NOUN
cblr-2930	838	13	-	-	PUNCT
cblr-2930	838	14	serving	serve	VERB
cblr-2930	838	15	actions	action	NOUN
cblr-2930	838	16	to	to	ADP
cblr-2930	838	17	the	the	DET
cblr-2930	838	18	detriment	detriment	NOUN
cblr-2930	838	19	of	of	ADP
cblr-2930	838	20	other	other	ADJ
cblr-2930	838	21	shareholders	shareholder	NOUN
cblr-2930	838	22	.	.	PUNCT
cblr-2930	838	23	'	'	PUNCT
cblr-2930	839	1	a	a	DET
cblr-2930	839	2	shareholder	shareholder	NOUN
cblr-2930	839	3	may	may	AUX
cblr-2930	839	4	,	,	PUNCT
cblr-2930	839	5	for	for	ADP
cblr-2930	839	6	instance	instance	NOUN
cblr-2930	839	7	,	,	PUNCT
cblr-2930	839	8	buy	buy	VERB
cblr-2930	839	9	votes	vote	NOUN
cblr-2930	839	10	to	to	PART
cblr-2930	839	11	secure	secure	VERB
cblr-2930	839	12	shareholder	shareholder	NOUN
cblr-2930	839	13	approval	approval	NOUN
cblr-2930	839	14	of	of	ADP
cblr-2930	839	15	a	a	DET
cblr-2930	839	16	transaction	transaction	NOUN
cblr-2930	839	17	with	with	ADP
cblr-2930	839	18	a	a	DET
cblr-2930	839	19	related	related	ADJ
cblr-2930	839	20	party	party	NOUN
cblr-2930	839	21	that	that	PRON
cblr-2930	839	22	has	have	AUX
cblr-2930	839	23	not	not	PART
cblr-2930	839	24	been	be	AUX
cblr-2930	839	25	entered	enter	VERB
cblr-2930	839	26	into	into	ADP
cblr-2930	839	27	at	at	ADP
cblr-2930	839	28	arm	arm	NOUN
cblr-2930	839	29	's	's	PART
cblr-2930	839	30	length	length	NOUN
cblr-2930	839	31	-	-	PUNCT
cblr-2930	839	32	an	an	DET
cblr-2930	839	33	extension	extension	NOUN
cblr-2930	839	34	of	of	ADP
cblr-2930	839	35	the	the	DET
cblr-2930	839	36	example	example	NOUN
cblr-2930	839	37	of	of	ADP
cblr-2930	839	38	conflicted	conflicted	ADJ
cblr-2930	839	39	voting	voting	NOUN
cblr-2930	839	40	by	by	ADP
cblr-2930	839	41	a	a	DET
cblr-2930	839	42	controlling	control	VERB
cblr-2930	839	43	shareholder	shareholder	NOUN
cblr-2930	839	44	offered	offer	VERB
cblr-2930	839	45	in	in	ADP
cblr-2930	839	46	the	the	DET
cblr-2930	839	47	previous	previous	ADJ
cblr-2930	839	48	section	section	NOUN
cblr-2930	839	49	.	.	PUNCT
cblr-2930	840	1	"3	"3	NOUN
cblr-2930	840	2	s	s	VERB
cblr-2930	840	3	at	at	ADP
cblr-2930	840	4	the	the	DET
cblr-2930	840	5	same	same	ADJ
cblr-2930	840	6	time	time	NOUN
cblr-2930	840	7	,	,	PUNCT
cblr-2930	840	8	courts	court	NOUN
cblr-2930	840	9	have	have	AUX
cblr-2930	840	10	recognized	recognize	VERB
cblr-2930	840	11	that	that	DET
cblr-2930	840	12	vote	vote	NOUN
cblr-2930	840	13	buying	buying	NOUN
cblr-2930	840	14	may	may	AUX
cblr-2930	840	15	be	be	AUX
cblr-2930	840	16	accomplished	accomplish	VERB
cblr-2930	840	17	for	for	ADP
cblr-2930	840	18	laudable	laudable	ADJ
cblr-2930	840	19	purposes	purpose	NOUN
cblr-2930	840	20	,	,	PUNCT
cblr-2930	840	21	which	which	PRON
cblr-2930	840	22	is	be	AUX
cblr-2930	840	23	why	why	SCONJ
cblr-2930	840	24	vote	vote	NOUN
cblr-2930	840	25	buying	buying	NOUN
cblr-2930	840	26	is	be	AUX
cblr-2930	840	27	not	not	PART
cblr-2930	840	28	always	always	ADV
cblr-2930	840	29	considered	consider	VERB
cblr-2930	840	30	illegal	illegal	ADJ
cblr-2930	840	31	per	per	ADP
cblr-2930	840	32	se.13a	se.13a	NOUN
cblr-2930	840	33	nevertheless	nevertheless	ADV
cblr-2930	840	34	,	,	PUNCT
cblr-2930	840	35	significant	significant	ADJ
cblr-2930	840	36	legal	legal	ADJ
cblr-2930	840	37	barriers	barrier	NOUN
cblr-2930	840	38	remain	remain	VERB
cblr-2930	840	39	.	.	PUNCT
cblr-2930	841	1	to	to	PART
cblr-2930	841	2	begin	begin	VERB
cblr-2930	841	3	,	,	PUNCT
cblr-2930	841	4	schreiber	schreiber	PROPN
cblr-2930	841	5	implies	imply	VERB
cblr-2930	841	6	that	that	SCONJ
cblr-2930	841	7	vote	vote	NOUN
cblr-2930	841	8	buying	buying	NOUN
cblr-2930	841	9	will	will	AUX
cblr-2930	841	10	be	be	AUX
cblr-2930	841	11	considered	consider	VERB
cblr-2930	841	12	illegal	illegal	ADJ
cblr-2930	841	13	per	per	ADP
cblr-2930	841	14	se	se	ADV
cblr-2930	841	15	if	if	SCONJ
cblr-2930	841	16	the	the	DET
cblr-2930	841	17	vote	vote	NOUN
cblr-2930	841	18	buying	buying	NOUN
cblr-2930	841	19	agreement	agreement	NOUN
cblr-2930	841	20	defrauds	defraud	VERB
cblr-2930	841	21	or	or	CCONJ
cblr-2930	841	22	disenfranchises	disenfranchise	VERB
cblr-2930	841	23	the	the	DET
cblr-2930	841	24	other	other	ADJ
cblr-2930	841	25	shareholders	shareholder	NOUN
cblr-2930	841	26	.	.	PUNCT
cblr-2930	842	1	140	140	NUM
cblr-2930	842	2	other	other	ADJ
cblr-2930	842	3	137	137	NUM
cblr-2930	842	4	see	see	NOUN
cblr-2930	842	5	in	in	ADP
cblr-2930	842	6	re	re	PROPN
cblr-2930	842	7	ixc	ixc	PROPN
cblr-2930	842	8	commc'ns	commc'ns	PROPN
cblr-2930	842	9	,	,	PUNCT
cblr-2930	842	10	inc	inc	PROPN
cblr-2930	842	11	.	.	PROPN
cblr-2930	842	12	s'holders	s'holders	PROPN
cblr-2930	842	13	litig	litig	PROPN
cblr-2930	842	14	.	.	PUNCT
cblr-2930	842	15	,	,	PUNCT
cblr-2930	842	16	1999	1999	NUM
cblr-2930	842	17	wl	wl	PROPN
cblr-2930	842	18	1009174	1009174	NUM
cblr-2930	842	19	,	,	PUNCT
cblr-2930	842	20	at	at	ADP
cblr-2930	842	21	*	*	NOUN
cblr-2930	842	22	8	8	NUM
cblr-2930	842	23	(	(	PUNCT
cblr-2930	842	24	del	del	PROPN
cblr-2930	842	25	.	.	PROPN
cblr-2930	842	26	ch	ch	PROPN
cblr-2930	842	27	.	.	PUNCT
cblr-2930	842	28	oct	oct	PROPN
cblr-2930	842	29	.	.	PROPN
cblr-2930	842	30	27	27	NUM
cblr-2930	842	31	,	,	PUNCT
cblr-2930	842	32	1999	1999	NUM
cblr-2930	842	33	)	)	PUNCT
cblr-2930	842	34	(	(	PUNCT
cblr-2930	842	35	stating	state	VERB
cblr-2930	842	36	that	that	SCONJ
cblr-2930	842	37	"	"	PUNCT
cblr-2930	842	38	[	[	X
cblr-2930	842	39	glenerally	glenerally	ADV
cblr-2930	842	40	speaking	speak	VERB
cblr-2930	842	41	,	,	PUNCT
cblr-2930	842	42	courts	court	NOUN
cblr-2930	842	43	closely	closely	ADV
cblr-2930	842	44	scrutinize	scrutinize	VERB
cblr-2930	842	45	vote	vote	NOUN
cblr-2930	842	46	-	-	PUNCT
cblr-2930	842	47	buying	buying	NOUN
cblr-2930	842	48	because	because	SCONJ
cblr-2930	842	49	a	a	DET
cblr-2930	842	50	shareholder	shareholder	NOUN
cblr-2930	842	51	who	who	PRON
cblr-2930	842	52	divorces	divorce	VERB
cblr-2930	842	53	property	property	NOUN
cblr-2930	842	54	interest	interest	NOUN
cblr-2930	842	55	from	from	ADP
cblr-2930	842	56	voting	vote	VERB
cblr-2930	842	57	interest	interest	NOUN
cblr-2930	842	58	,	,	PUNCT
cblr-2930	842	59	fails	fail	VERB
cblr-2930	842	60	to	to	PART
cblr-2930	842	61	serve	serve	VERB
cblr-2930	842	62	the	the	DET
cblr-2930	842	63	'	'	PUNCT
cblr-2930	842	64	community	community	NOUN
cblr-2930	842	65	of	of	ADP
cblr-2930	842	66	interest	interest	NOUN
cblr-2930	842	67	'	'	PUNCT
cblr-2930	842	68	among	among	ADP
cblr-2930	842	69	all	all	DET
cblr-2930	842	70	shareholders	shareholder	NOUN
cblr-2930	842	71	,	,	PUNCT
cblr-2930	842	72	since	since	SCONJ
cblr-2930	842	73	the	the	DET
cblr-2930	842	74	'	'	PUNCT
cblr-2930	842	75	bought	buy	VERB
cblr-2930	842	76	'	'	PUNCT
cblr-2930	842	77	shareholder	shareholder	NOUN
cblr-2930	842	78	votes	vote	NOUN
cblr-2930	842	79	may	may	AUX
cblr-2930	842	80	not	not	PART
cblr-2930	842	81	reflect	reflect	VERB
cblr-2930	842	82	rational	rational	ADJ
cblr-2930	842	83	,	,	PUNCT
cblr-2930	842	84	economic	economic	ADJ
cblr-2930	842	85	self	self	NOUN
cblr-2930	842	86	-	-	PUNCT
cblr-2930	842	87	interest	interest	NOUN
cblr-2930	842	88	arguably	arguably	ADV
cblr-2930	842	89	common	common	ADJ
cblr-2930	842	90	to	to	ADP
cblr-2930	842	91	all	all	DET
cblr-2930	842	92	shareholders	shareholder	NOUN
cblr-2930	842	93	"	"	PUNCT
cblr-2930	842	94	)	)	PUNCT
cblr-2930	842	95	;	;	PUNCT
cblr-2930	842	96	mike	mike	PROPN
cblr-2930	842	97	burkart	burkart	PROPN
cblr-2930	842	98	&	&	CCONJ
cblr-2930	842	99	samuel	samuel	PROPN
cblr-2930	842	100	lee	lee	PROPN
cblr-2930	842	101	,	,	PUNCT
cblr-2930	842	102	one	one	NUM
cblr-2930	842	103	share	share	NOUN
cblr-2930	842	104	-	-	PUNCT
cblr-2930	842	105	one	one	NUM
cblr-2930	842	106	vote	vote	NOUN
cblr-2930	842	107	:	:	PUNCT
cblr-2930	842	108	the	the	DET
cblr-2930	842	109	theory	theory	NOUN
cblr-2930	842	110	,	,	PUNCT
cblr-2930	842	111	12	12	NUM
cblr-2930	842	112	rev	rev	X
cblr-2930	842	113	.	.	PUNCT
cblr-2930	843	1	fin	fin	NOUN
cblr-2930	843	2	.	.	PUNCT
cblr-2930	844	1	1	1	NUM
cblr-2930	844	2	,	,	PUNCT
cblr-2930	844	3	3	3	NUM
cblr-2930	844	4	(	(	PUNCT
cblr-2930	844	5	2008	2008	NUM
cblr-2930	844	6	)	)	PUNCT
cblr-2930	844	7	(	(	PUNCT
cblr-2930	844	8	noting	note	VERB
cblr-2930	844	9	that	that	SCONJ
cblr-2930	844	10	"	"	PUNCT
cblr-2930	844	11	[	[	X
cblr-2930	844	12	deveraging	deverage	VERB
cblr-2930	844	13	a	a	DET
cblr-2930	844	14	blockholder	blockholder	NOUN
cblr-2930	844	15	's	's	PART
cblr-2930	844	16	voting	voting	NOUN
cblr-2930	844	17	power	power	NOUN
cblr-2930	844	18	...	...	PUNCT
cblr-2930	844	19	enables	enable	VERB
cblr-2930	844	20	her	she	PRON
cblr-2930	844	21	to	to	PART
cblr-2930	844	22	take	take	VERB
cblr-2930	844	23	selfserving	selfserving	ADJ
cblr-2930	844	24	actions	action	NOUN
cblr-2930	844	25	,	,	PUNCT
cblr-2930	844	26	such	such	ADJ
cblr-2930	844	27	as	as	ADP
cblr-2930	844	28	diverting	divert	VERB
cblr-2930	844	29	corporate	corporate	ADJ
cblr-2930	844	30	resources	resource	NOUN
cblr-2930	844	31	for	for	ADP
cblr-2930	844	32	less	less	ADV
cblr-2930	844	33	productive	productive	ADJ
cblr-2930	844	34	private	private	ADJ
cblr-2930	844	35	purposes	purpose	NOUN
cblr-2930	844	36	"	"	PUNCT
cblr-2930	844	37	)	)	PUNCT
cblr-2930	844	38	.	.	PUNCT
cblr-2930	845	1	in	in	ADP
cblr-2930	845	2	a	a	DET
cblr-2930	845	3	recent	recent	ADJ
cblr-2930	845	4	decision	decision	NOUN
cblr-2930	845	5	,	,	PUNCT
cblr-2930	845	6	a	a	DET
cblr-2930	845	7	district	district	NOUN
cblr-2930	845	8	court	court	NOUN
cblr-2930	845	9	in	in	ADP
cblr-2930	845	10	the	the	DET
cblr-2930	845	11	southern	southern	ADJ
cblr-2930	845	12	district	district	NOUN
cblr-2930	845	13	of	of	ADP
cblr-2930	845	14	new	new	PROPN
cblr-2930	845	15	york	york	PROPN
cblr-2930	845	16	expressed	express	VERB
cblr-2930	845	17	the	the	DET
cblr-2930	845	18	same	same	ADJ
cblr-2930	845	19	concern	concern	NOUN
cblr-2930	845	20	in	in	ADP
cblr-2930	845	21	the	the	DET
cblr-2930	845	22	context	context	NOUN
cblr-2930	845	23	of	of	ADP
cblr-2930	845	24	a	a	DET
cblr-2930	845	25	bankruptcy	bankruptcy	NOUN
cblr-2930	845	26	proceeding	proceeding	NOUN
cblr-2930	845	27	,	,	PUNCT
cblr-2930	845	28	when	when	SCONJ
cblr-2930	845	29	creditors	creditor	NOUN
cblr-2930	845	30	are	be	AUX
cblr-2930	845	31	substituted	substitute	VERB
cblr-2930	845	32	for	for	ADP
cblr-2930	845	33	shareholders	shareholder	NOUN
cblr-2930	845	34	when	when	SCONJ
cblr-2930	845	35	it	it	PRON
cblr-2930	845	36	comes	come	VERB
cblr-2930	845	37	to	to	ADP
cblr-2930	845	38	voting	vote	VERB
cblr-2930	845	39	on	on	ADP
cblr-2930	845	40	key	key	ADJ
cblr-2930	845	41	issues	issue	NOUN
cblr-2930	845	42	.	.	PUNCT
cblr-2930	846	1	the	the	DET
cblr-2930	846	2	court	court	NOUN
cblr-2930	846	3	found	find	VERB
cblr-2930	846	4	that	that	SCONJ
cblr-2930	846	5	dish	dish	NOUN
cblr-2930	846	6	network	network	NOUN
cblr-2930	846	7	corporation	corporation	NOUN
cblr-2930	846	8	,	,	PUNCT
cblr-2930	846	9	a	a	DET
cblr-2930	846	10	chapter	chapter	NOUN
cblr-2930	846	11	11	11	NUM
cblr-2930	846	12	debtor	debtor	NOUN
cblr-2930	846	13	,	,	PUNCT
cblr-2930	846	14	"	"	PUNCT
cblr-2930	846	15	[	[	X
cblr-2930	846	16	dlid	dlid	ADV
cblr-2930	846	17	not	not	PART
cblr-2930	846	18	purchase	purchase	VERB
cblr-2930	846	19	and	and	CCONJ
cblr-2930	846	20	vote	vote	VERB
cblr-2930	846	21	its	its	PRON
cblr-2930	846	22	claim	claim	NOUN
cblr-2930	846	23	in	in	ADP
cblr-2930	846	24	order	order	NOUN
cblr-2930	846	25	to	to	PART
cblr-2930	846	26	gain	gain	VERB
cblr-2930	846	27	financially	financially	ADV
cblr-2930	846	28	by	by	ADP
cblr-2930	846	29	way	way	NOUN
cblr-2930	846	30	of	of	ADP
cblr-2930	846	31	a	a	DET
cblr-2930	846	32	distribution	distribution	NOUN
cblr-2930	846	33	in	in	ADP
cblr-2930	846	34	this	this	DET
cblr-2930	846	35	case	case	NOUN
cblr-2930	846	36	.	.	PUNCT
cblr-2930	847	1	rather	rather	ADV
cblr-2930	847	2	...	...	PUNCT
cblr-2930	847	3	its	its	PRON
cblr-2930	847	4	purpose	purpose	NOUN
cblr-2930	847	5	was	be	AUX
cblr-2930	847	6	as	as	ADP
cblr-2930	847	7	a	a	DET
cblr-2930	847	8	strategic	strategic	ADJ
cblr-2930	847	9	investor	investor	NOUN
cblr-2930	847	10	.	.	PUNCT
cblr-2930	847	11	.	.	PUNCT
cblr-2930	847	12	.	.	PUNCT
cblr-2930	847	13	.	.	PUNCT
cblr-2930	847	14	"	"	PUNCT
cblr-2930	848	1	in	in	ADP
cblr-2930	848	2	re	re	VERB
cblr-2930	848	3	dbsd	dbsd	PROPN
cblr-2930	848	4	n.	n.	PROPN
cblr-2930	848	5	am	am	PROPN
cblr-2930	848	6	.	.	PROPN
cblr-2930	848	7	,	,	PUNCT
cblr-2930	848	8	inc	inc	PROPN
cblr-2930	848	9	.	.	PROPN
cblr-2930	848	10	,	,	PUNCT
cblr-2930	848	11	421	421	NUM
cblr-2930	848	12	b.r	b.r	PROPN
cblr-2930	848	13	.	.	PROPN
cblr-2930	848	14	133	133	NUM
cblr-2930	848	15	,	,	PUNCT
cblr-2930	848	16	139	139	NUM
cblr-2930	848	17	(	(	PUNCT
cblr-2930	848	18	bankr	bankr	PROPN
cblr-2930	848	19	.	.	PUNCT
cblr-2930	849	1	s.d.n.y	s.d.n.y	PROPN
cblr-2930	849	2	.	.	PROPN
cblr-2930	849	3	2009	2009	NUM
cblr-2930	849	4	)	)	PUNCT
cblr-2930	849	5	,	,	PUNCT
cblr-2930	849	6	affd	affd	PROPN
cblr-2930	849	7	,	,	PUNCT
cblr-2930	849	8	2010	2010	NUM
cblr-2930	849	9	wl	wl	X
cblr-2930	849	10	1223109	1223109	NUM
cblr-2930	849	11	(	(	PUNCT
cblr-2930	849	12	s.d.n.y	s.d.n.y	PROPN
cblr-2930	849	13	.	.	PUNCT
cblr-2930	850	1	mar	mar	PROPN
cblr-2930	850	2	.	.	PROPN
cblr-2930	850	3	24	24	NUM
cblr-2930	850	4	,	,	PUNCT
cblr-2930	850	5	2010	2010	NUM
cblr-2930	850	6	)	)	PUNCT
cblr-2930	850	7	.	.	PUNCT
cblr-2930	851	1	accordingly	accordingly	ADV
cblr-2930	851	2	,	,	PUNCT
cblr-2930	851	3	the	the	DET
cblr-2930	851	4	court	court	NOUN
cblr-2930	851	5	concluded	conclude	VERB
cblr-2930	851	6	that	that	SCONJ
cblr-2930	851	7	dish	dish	NOUN
cblr-2930	851	8	's	's	PART
cblr-2930	851	9	votes	vote	NOUN
cblr-2930	851	10	,	,	PUNCT
cblr-2930	851	11	cast	cast	VERB
cblr-2930	851	12	to	to	PART
cblr-2930	851	13	reject	reject	VERB
cblr-2930	851	14	the	the	DET
cblr-2930	851	15	restructuring	restructuring	NOUN
cblr-2930	851	16	plan	plan	NOUN
cblr-2930	851	17	,	,	PUNCT
cblr-2930	851	18	should	should	AUX
cblr-2930	851	19	be	be	AUX
cblr-2930	851	20	disregarded	disregard	VERB
cblr-2930	851	21	per	per	ADP
cblr-2930	851	22	section	section	NOUN
cblr-2930	851	23	1126(e	1126(e	NUM
cblr-2930	851	24	)	)	PUNCT
cblr-2930	851	25	of	of	ADP
cblr-2930	851	26	the	the	DET
cblr-2930	851	27	bankruptcy	bankruptcy	NOUN
cblr-2930	851	28	code	code	PROPN
cblr-2930	851	29	.	.	PUNCT
cblr-2930	852	1	i	i	PRON
cblr-2930	852	2	d.	d.	PROPN
cblr-2930	852	3	at	at	ADP
cblr-2930	852	4	*	*	PROPN
cblr-2930	852	5	3	3	NUM
cblr-2930	852	6	.	.	NOUN
cblr-2930	852	7	1	1	NUM
cblr-2930	852	8	"	"	PUNCT
cblr-2930	852	9	see	see	VERB
cblr-2930	852	10	text	text	NOUN
cblr-2930	852	11	accompanying	accompany	VERB
cblr-2930	852	12	supra	supra	PROPN
cblr-2930	852	13	note	note	PROPN
cblr-2930	852	14	104	104	NUM
cblr-2930	852	15	.	.	PUNCT
cblr-2930	853	1	139	139	NUM
cblr-2930	853	2	schreiber	schreiber	PROPN
cblr-2930	853	3	,	,	PUNCT
cblr-2930	853	4	447	447	NUM
cblr-2930	853	5	a.2d	a.2d	PUNCT
cblr-2930	853	6	at	at	ADP
cblr-2930	853	7	25	25	NUM
cblr-2930	853	8	-	-	SYM
cblr-2930	853	9	26	26	NUM
cblr-2930	853	10	.	.	PUNCT
cblr-2930	854	1	140	140	NUM
cblr-2930	854	2	i	i	PROPN
cblr-2930	854	3	d.	d.	PROPN
cblr-2930	854	4	notice	notice	VERB
cblr-2930	854	5	that	that	SCONJ
cblr-2930	854	6	the	the	DET
cblr-2930	854	7	schreiber	schreiber	PROPN
cblr-2930	854	8	court	court	PROPN
cblr-2930	854	9	refers	refer	VERB
cblr-2930	854	10	to	to	ADP
cblr-2930	854	11	voting	vote	VERB
cblr-2930	854	12	agreements	agreement	NOUN
cblr-2930	854	13	with	with	ADP
cblr-2930	854	14	"	"	PUNCT
cblr-2930	854	15	the	the	DET
cblr-2930	854	16	object	object	NOUN
cblr-2930	854	17	or	or	CCONJ
cblr-2930	854	18	purpose	purpose	NOUN
cblr-2930	854	19	"	"	PUNCT
cblr-2930	854	20	to	to	PART
cblr-2930	854	21	defraud	defraud	VERB
cblr-2930	854	22	or	or	CCONJ
cblr-2930	854	23	disenfranchise	disenfranchise	VERB
cblr-2930	854	24	other	other	ADJ
cblr-2930	854	25	shareholders	shareholder	NOUN
cblr-2930	854	26	.	.	PUNCT
cblr-2930	855	1	later	later	ADV
cblr-2930	855	2	courts	court	NOUN
cblr-2930	855	3	seem	seem	VERB
cblr-2930	855	4	to	to	PART
cblr-2930	855	5	have	have	AUX
cblr-2930	855	6	focused	focus	VERB
cblr-2930	855	7	less	less	ADV
cblr-2930	855	8	on	on	ADP
cblr-2930	855	9	intent	intent	NOUN
cblr-2930	855	10	and	and	CCONJ
cblr-2930	855	11	more	more	ADJ
cblr-2930	855	12	on	on	ADP
cblr-2930	855	13	actual	actual	ADJ
cblr-2930	855	14	result	result	NOUN
cblr-2930	855	15	.	.	PUNCT
cblr-2930	856	1	see	see	VERB
cblr-2930	856	2	,	,	PUNCT
cblr-2930	856	3	e.g.	e.g.	ADV
cblr-2930	856	4	,	,	PUNCT
cblr-2930	856	5	kurz	kurz	PROPN
cblr-2930	856	6	v.	v.	PROPN
cblr-2930	856	7	holbrook	holbrook	PROPN
cblr-2930	856	8	,	,	PUNCT
cblr-2930	856	9	989	989	NUM
cblr-2930	856	10	a.2d	a.2d	SYM
cblr-2930	856	11	140	140	NUM
cblr-2930	856	12	,	,	PUNCT
cblr-2930	856	13	178	178	NUM
cblr-2930	856	14	(	(	PUNCT
cblr-2930	856	15	del	del	PROPN
cblr-2930	856	16	.	.	PROPN
cblr-2930	856	17	ch	ch	PROPN
cblr-2930	856	18	.	.	PROPN
cblr-2930	856	19	2010	2010	NUM
cblr-2930	856	20	)	)	PUNCT
cblr-2930	857	1	(	(	PUNCT
cblr-2930	857	2	noting	note	VERB
cblr-2930	857	3	that	that	SCONJ
cblr-2930	857	4	"	"	PUNCT
cblr-2930	857	5	vote	vote	NOUN
cblr-2930	857	6	buying	buying	NOUN
cblr-2930	857	7	should	should	AUX
cblr-2930	857	8	merit	merit	VERB
cblr-2930	857	9	review	review	NOUN
cblr-2930	857	10	only	only	ADV
cblr-2930	857	11	if	if	SCONJ
cblr-2930	857	12	it	it	PRON
cblr-2930	857	13	is	be	AUX
cblr-2930	857	14	disenfranchising	disenfranchise	VERB
cblr-2930	857	15	,	,	PUNCT
cblr-2930	857	16	in	in	ADP
cblr-2930	857	17	the	the	DET
cblr-2930	857	18	sense	sense	NOUN
cblr-2930	857	19	of	of	ADP
cblr-2930	857	20	actually	actually	ADV
cblr-2930	857	21	affecting	affect	VERB
cblr-2930	857	22	the	the	DET
cblr-2930	857	23	outcome	outcome	NOUN
cblr-2930	857	24	of	of	ADP
cblr-2930	857	25	the	the	DET
cblr-2930	857	26	vote	vote	NOUN
cblr-2930	857	27	"	"	PUNCT
cblr-2930	857	28	)	)	PUNCT
cblr-2930	857	29	.	.	PUNCT
cblr-2930	858	1	816	816	NUM
cblr-2930	858	2	col	col	PROPN
cblr-2930	858	3	um	um	INTJ
cblr-2930	858	4	bia	bia	PROPN
cblr-2930	858	5	b	b	PROPN
cblr-2930	858	6	usiness	usiness	PROPN
cblr-2930	858	7	la	la	PROPN
cblr-2930	858	8	w	w	PROPN
cblr-2930	858	9	re	re	PROPN
cblr-2930	858	10	vie	vie	PROPN
cblr-2930	858	11	w	w	PROPN
cblr-2930	859	1	[	[	X
cblr-2930	859	2	vol	vol	NOUN
cblr-2930	859	3	.	.	PUNCT
cblr-2930	860	1	2010	2010	NUM
cblr-2930	860	2	shareholders	shareholder	NOUN
cblr-2930	860	3	will	will	AUX
cblr-2930	860	4	be	be	AUX
cblr-2930	860	5	considered	consider	VERB
cblr-2930	860	6	disenfranchised	disenfranchise	VERB
cblr-2930	860	7	when	when	SCONJ
cblr-2930	860	8	the	the	DET
cblr-2930	860	9	bought	buy	VERB
cblr-2930	860	10	votes	vote	NOUN
cblr-2930	860	11	deliver	deliver	VERB
cblr-2930	860	12	the	the	DET
cblr-2930	860	13	swing	swing	NOUN
cblr-2930	860	14	votes	vote	NOUN
cblr-2930	860	15	.	.	PUNCT
cblr-2930	861	1	"	"	PUNCT
cblr-2930	861	2	"	"	PUNCT
cblr-2930	861	3	'	'	PUNCT
cblr-2930	861	4	this	this	PRON
cblr-2930	861	5	is	be	AUX
cblr-2930	861	6	problematic	problematic	ADJ
cblr-2930	861	7	from	from	ADP
cblr-2930	861	8	an	an	DET
cblr-2930	861	9	arbitrage	arbitrage	NOUN
cblr-2930	861	10	perspective	perspective	NOUN
cblr-2930	861	11	because	because	SCONJ
cblr-2930	861	12	the	the	DET
cblr-2930	861	13	arbitrageur	arbitrageur	NOUN
cblr-2930	861	14	's	's	PART
cblr-2930	861	15	very	very	ADJ
cblr-2930	861	16	purpose	purpose	NOUN
cblr-2930	861	17	will	will	AUX
cblr-2930	861	18	be	be	AUX
cblr-2930	861	19	to	to	PART
cblr-2930	861	20	determine	determine	VERB
cblr-2930	861	21	the	the	DET
cblr-2930	861	22	outcome	outcome	NOUN
cblr-2930	861	23	of	of	ADP
cblr-2930	861	24	the	the	DET
cblr-2930	861	25	vote	vote	NOUN
cblr-2930	861	26	.	.	PUNCT
cblr-2930	862	1	even	even	ADV
cblr-2930	862	2	if	if	SCONJ
cblr-2930	862	3	the	the	DET
cblr-2930	862	4	vote	vote	NOUN
cblr-2930	862	5	buying	buying	NOUN
cblr-2930	862	6	does	do	AUX
cblr-2930	862	7	not	not	PART
cblr-2930	862	8	disenfranchise	disenfranchise	VERB
cblr-2930	862	9	shareholders	shareholder	NOUN
cblr-2930	862	10	,	,	PUNCT
cblr-2930	862	11	schreiber	schreiber	PROPN
cblr-2930	862	12	implies	imply	VERB
cblr-2930	862	13	that	that	SCONJ
cblr-2930	862	14	the	the	DET
cblr-2930	862	15	court	court	NOUN
cblr-2930	862	16	will	will	AUX
cblr-2930	862	17	have	have	VERB
cblr-2930	862	18	to	to	PART
cblr-2930	862	19	apply	apply	VERB
cblr-2930	862	20	an	an	DET
cblr-2930	862	21	intrinsic	intrinsic	ADJ
cblr-2930	862	22	fairness	fairness	NOUN
cblr-2930	862	23	test	test	NOUN
cblr-2930	862	24	.	.	PUNCT
cblr-2930	863	1	'4	'4	PROPN
cblr-2930	863	2	2	2	NUM
cblr-2930	864	1	a	a	DET
cblr-2930	864	2	recent	recent	ADJ
cblr-2930	864	3	decision	decision	NOUN
cblr-2930	864	4	of	of	ADP
cblr-2930	864	5	the	the	DET
cblr-2930	864	6	delaware	delaware	PROPN
cblr-2930	864	7	chancery	chancery	PROPN
cblr-2930	864	8	court	court	PROPN
cblr-2930	864	9	suggests	suggest	VERB
cblr-2930	864	10	that	that	SCONJ
cblr-2930	864	11	the	the	DET
cblr-2930	864	12	test	test	NOUN
cblr-2930	864	13	boils	boil	VERB
cblr-2930	864	14	down	down	ADP
cblr-2930	864	15	to	to	ADP
cblr-2930	864	16	the	the	DET
cblr-2930	864	17	question	question	NOUN
cblr-2930	864	18	of	of	ADP
cblr-2930	864	19	whether	whether	SCONJ
cblr-2930	864	20	the	the	DET
cblr-2930	864	21	disproportionality	disproportionality	NOUN
cblr-2930	864	22	between	between	ADP
cblr-2930	864	23	economic	economic	ADJ
cblr-2930	864	24	interest	interest	NOUN
cblr-2930	864	25	and	and	CCONJ
cblr-2930	864	26	voting	voting	NOUN
cblr-2930	864	27	interest	interest	NOUN
cblr-2930	864	28	resulting	result	VERB
cblr-2930	864	29	from	from	ADP
cblr-2930	864	30	the	the	DET
cblr-2930	864	31	vote	vote	NOUN
cblr-2930	864	32	buying	buying	NOUN
cblr-2930	864	33	causes	cause	VERB
cblr-2930	864	34	a	a	DET
cblr-2930	864	35	misalignment	misalignment	NOUN
cblr-2930	864	36	between	between	ADP
cblr-2930	864	37	the	the	DET
cblr-2930	864	38	vote	vote	NOUN
cblr-2930	864	39	buyer	buyer	NOUN
cblr-2930	864	40	's	's	PART
cblr-2930	864	41	interest	interest	NOUN
cblr-2930	864	42	and	and	CCONJ
cblr-2930	864	43	the	the	DET
cblr-2930	864	44	general	general	ADJ
cblr-2930	864	45	interest	interest	NOUN
cblr-2930	864	46	of	of	ADP
cblr-2930	864	47	the	the	DET
cblr-2930	864	48	other	other	ADJ
cblr-2930	864	49	shareholders	shareholder	NOUN
cblr-2930	864	50	,	,	PUNCT
cblr-2930	864	51	which	which	PRON
cblr-2930	864	52	is	be	AUX
cblr-2930	864	53	to	to	PART
cblr-2930	864	54	maximize	maximize	VERB
cblr-2930	864	55	shareholder	shareholder	NOUN
cblr-2930	864	56	value.43	value.43	NOUN
cblr-2930	864	57	this	this	PRON
cblr-2930	864	58	is	be	AUX
cblr-2930	864	59	encouraging	encouraging	ADJ
cblr-2930	864	60	from	from	ADP
cblr-2930	864	61	our	our	PRON
cblr-2930	864	62	perspective	perspective	NOUN
cblr-2930	864	63	because	because	SCONJ
cblr-2930	864	64	the	the	DET
cblr-2930	864	65	interest	interest	NOUN
cblr-2930	864	66	of	of	ADP
cblr-2930	864	67	the	the	DET
cblr-2930	864	68	arbitrageur	arbitrageur	NOUN
cblr-2930	864	69	will	will	AUX
cblr-2930	864	70	be	be	AUX
cblr-2930	864	71	to	to	PART
cblr-2930	864	72	maximize	maximize	VERB
cblr-2930	864	73	shareholder	shareholder	NOUN
cblr-2930	864	74	value	value	NOUN
cblr-2930	864	75	.	.	PUNCT
cblr-2930	864	76	'	'	PUNCT
cblr-2930	864	77	"	"	PUNCT
cblr-2930	864	78	still	still	ADV
cblr-2930	864	79	,	,	PUNCT
cblr-2930	864	80	until	until	SCONJ
cblr-2930	864	81	courts	court	NOUN
cblr-2930	864	82	have	have	AUX
cblr-2930	864	83	explicitly	explicitly	ADV
cblr-2930	864	84	sanctioned	sanction	VERB
cblr-2930	864	85	vote	vote	NOUN
cblr-2930	864	86	buying	buying	NOUN
cblr-2930	864	87	with	with	ADP
cblr-2930	864	88	the	the	DET
cblr-2930	864	89	purpose	purpose	NOUN
cblr-2930	864	90	of	of	ADP
cblr-2930	864	91	increasing	increase	VERB
cblr-2930	864	92	the	the	DET
cblr-2930	864	93	probability	probability	NOUN
cblr-2930	864	94	that	that	SCONJ
cblr-2930	864	95	a	a	DET
cblr-2930	864	96	majority	majority	NOUN
cblr-2930	864	97	of	of	ADP
cblr-2930	864	98	the	the	DET
cblr-2930	864	99	shares	share	NOUN
cblr-2930	864	100	is	be	AUX
cblr-2930	864	101	voted	vote	VERB
cblr-2930	864	102	in	in	ADP
cblr-2930	864	103	favor	favor	NOUN
cblr-2930	864	104	of	of	ADP
cblr-2930	864	105	the	the	DET
cblr-2930	864	106	correct	correct	ADJ
cblr-2930	864	107	option	option	NOUN
cblr-2930	864	108	,	,	PUNCT
cblr-2930	864	109	the	the	DET
cblr-2930	864	110	arbitrage	arbitrage	NOUN
cblr-2930	864	111	strategy	strategy	NOUN
cblr-2930	864	112	of	of	ADP
cblr-2930	864	113	vote	vote	NOUN
cblr-2930	864	114	buying	buying	NOUN
cblr-2930	864	115	entails	entail	VERB
cblr-2930	864	116	significant	significant	ADJ
cblr-2930	864	117	litigation	litigation	NOUN
cblr-2930	864	118	risk	risk	NOUN
cblr-2930	864	119	given	give	VERB
cblr-2930	864	120	the	the	DET
cblr-2930	864	121	legal	legal	ADJ
cblr-2930	864	122	uncertainty	uncertainty	NOUN
cblr-2930	864	123	and	and	CCONJ
cblr-2930	864	124	the	the	DET
cblr-2930	864	125	interests	interest	NOUN
cblr-2930	864	126	at	at	ADP
cblr-2930	864	127	stake.4	stake.4	NOUN
cblr-2930	864	128	5	5	NUM
cblr-2930	864	129	141	141	NUM
cblr-2930	864	130	kurz	kurz	NOUN
cblr-2930	864	131	,	,	PUNCT
cblr-2930	864	132	989	989	NUM
cblr-2930	864	133	a.2d	a.2d	PUNCT
cblr-2930	864	134	at	at	ADP
cblr-2930	864	135	178	178	NUM
cblr-2930	864	136	.	.	PUNCT
cblr-2930	865	1	142	142	NUM
cblr-2930	865	2	schreiber	schreiber	PROPN
cblr-2930	865	3	,	,	PUNCT
cblr-2930	865	4	447	447	NUM
cblr-2930	865	5	a.2d	a.2d	PUNCT
cblr-2930	865	6	at	at	ADP
cblr-2930	865	7	26	26	NUM
cblr-2930	865	8	.	.	PUNCT
cblr-2930	866	1	but	but	CCONJ
cblr-2930	866	2	see	see	VERB
cblr-2930	866	3	kevin	kevin	PROPN
cblr-2930	866	4	c.	c.	PROPN
cblr-2930	866	5	cunningham	cunningham	PROPN
cblr-2930	866	6	,	,	PUNCT
cblr-2930	866	7	examination	examination	NOUN
cblr-2930	866	8	of	of	ADP
cblr-2930	866	9	judicial	judicial	ADJ
cblr-2930	866	10	policy	policy	NOUN
cblr-2930	866	11	on	on	ADP
cblr-2930	866	12	corporate	corporate	ADJ
cblr-2930	866	13	vote	vote	NOUN
cblr-2930	866	14	buying	buying	NOUN
cblr-2930	866	15	in	in	ADP
cblr-2930	866	16	the	the	DET
cblr-2930	866	17	context	context	NOUN
cblr-2930	866	18	of	of	ADP
cblr-2930	866	19	modern	modern	ADJ
cblr-2930	866	20	financial	financial	ADJ
cblr-2930	866	21	instruments	instrument	NOUN
cblr-2930	866	22	,	,	PUNCT
cblr-2930	866	23	64	64	NUM
cblr-2930	866	24	n.y.u	n.y.u	NOUN
cblr-2930	866	25	.	.	PUNCT
cblr-2930	867	1	ann	ann	PROPN
cblr-2930	867	2	.	.	PUNCT
cblr-2930	867	3	surv	surv	PROPN
cblr-2930	867	4	.	.	PUNCT
cblr-2930	868	1	am	be	AUX
cblr-2930	868	2	.	.	PUNCT
cblr-2930	869	1	l.	l.	PROPN
cblr-2930	869	2	293	293	NUM
cblr-2930	869	3	,	,	PUNCT
cblr-2930	869	4	328	328	NUM
cblr-2930	869	5	(	(	PUNCT
cblr-2930	869	6	2008	2008	NUM
cblr-2930	869	7	)	)	PUNCT
cblr-2930	869	8	(	(	PUNCT
cblr-2930	869	9	noting	note	VERB
cblr-2930	869	10	that	that	SCONJ
cblr-2930	869	11	"	"	PUNCT
cblr-2930	869	12	intrinsic	intrinsic	ADJ
cblr-2930	869	13	fairness	fairness	NOUN
cblr-2930	869	14	as	as	ADP
cblr-2930	869	15	an	an	DET
cblr-2930	869	16	inquiry	inquiry	NOUN
cblr-2930	869	17	in	in	ADP
cblr-2930	869	18	many	many	ADJ
cblr-2930	869	19	recent	recent	ADJ
cblr-2930	869	20	cases	case	NOUN
cblr-2930	869	21	has	have	AUX
cblr-2930	869	22	faded	fade	VERB
cblr-2930	869	23	to	to	ADP
cblr-2930	869	24	the	the	DET
cblr-2930	869	25	point	point	NOUN
cblr-2930	869	26	that	that	SCONJ
cblr-2930	869	27	it	it	PRON
cblr-2930	869	28	is	be	AUX
cblr-2930	869	29	not	not	PART
cblr-2930	869	30	even	even	ADV
cblr-2930	869	31	mentioned	mention	VERB
cblr-2930	869	32	"	"	PUNCT
cblr-2930	869	33	)	)	PUNCT
cblr-2930	869	34	.	.	PUNCT
cblr-2930	870	1	'	'	PUNCT
cblr-2930	870	2	43	43	NUM
cblr-2930	870	3	see	see	VERB
cblr-2930	870	4	kurz	kurz	NOUN
cblr-2930	870	5	,	,	PUNCT
cblr-2930	870	6	989	989	NUM
cblr-2930	870	7	a.2d	a.2d	PUNCT
cblr-2930	870	8	at	at	ADP
cblr-2930	870	9	181	181	NUM
cblr-2930	870	10	(	(	PUNCT
cblr-2930	870	11	finding	find	VERB
cblr-2930	870	12	that	that	DET
cblr-2930	870	13	kurz	kurz	NOUN
cblr-2930	870	14	had	have	VERB
cblr-2930	870	15	no	no	DET
cblr-2930	870	16	reason	reason	NOUN
cblr-2930	870	17	to	to	PART
cblr-2930	870	18	vote	vote	VERB
cblr-2930	870	19	"	"	PUNCT
cblr-2930	870	20	other	other	ADJ
cblr-2930	870	21	than	than	ADP
cblr-2930	870	22	in	in	ADP
cblr-2930	870	23	the	the	DET
cblr-2930	870	24	manner	manner	NOUN
cblr-2930	870	25	he	he	PRON
cblr-2930	870	26	thinks	think	VERB
cblr-2930	870	27	would	would	AUX
cblr-2930	870	28	best	well	ADV
cblr-2930	870	29	maximize	maximize	VERB
cblr-2930	870	30	the	the	DET
cblr-2930	870	31	value	value	NOUN
cblr-2930	870	32	of	of	ADP
cblr-2930	870	33	emak	emak	PROPN
cblr-2930	870	34	as	as	ADP
cblr-2930	870	35	a	a	DET
cblr-2930	870	36	corporation	corporation	NOUN
cblr-2930	870	37	"	"	PUNCT
cblr-2930	870	38	and	and	CCONJ
cblr-2930	870	39	concluding	conclude	VERB
cblr-2930	870	40	that	that	SCONJ
cblr-2930	870	41	the	the	DET
cblr-2930	870	42	voting	voting	NOUN
cblr-2930	870	43	of	of	ADP
cblr-2930	870	44	the	the	DET
cblr-2930	870	45	relevant	relevant	ADJ
cblr-2930	870	46	shares	share	NOUN
cblr-2930	870	47	therefore	therefore	ADV
cblr-2930	870	48	was	be	AUX
cblr-2930	870	49	not	not	PART
cblr-2930	870	50	a	a	DET
cblr-2930	870	51	legal	legal	ADJ
cblr-2930	870	52	wrong	wrong	NOUN
cblr-2930	870	53	)	)	PUNCT
cblr-2930	870	54	.	.	PUNCT
cblr-2930	871	1	the	the	DET
cblr-2930	871	2	delaware	delaware	PROPN
cblr-2930	871	3	supreme	supreme	PROPN
cblr-2930	871	4	court	court	PROPN
cblr-2930	871	5	approves	approve	NOUN
cblr-2930	871	6	of	of	ADP
cblr-2930	871	7	vice	vice	ADJ
cblr-2930	871	8	-	-	ADJ
cblr-2930	871	9	chancellor	chancellor	ADJ
cblr-2930	871	10	laster	laster	NOUN
cblr-2930	871	11	's	's	PART
cblr-2930	871	12	general	general	ADJ
cblr-2930	871	13	treatment	treatment	NOUN
cblr-2930	871	14	of	of	ADP
cblr-2930	871	15	vote	vote	NOUN
cblr-2930	871	16	buying	buying	NOUN
cblr-2930	871	17	in	in	ADP
cblr-2930	871	18	kurz	kurz	NOUN
cblr-2930	871	19	,	,	PUNCT
cblr-2930	871	20	but	but	CCONJ
cblr-2930	871	21	seems	seem	VERB
cblr-2930	871	22	to	to	PART
cblr-2930	871	23	take	take	VERB
cblr-2930	871	24	a	a	DET
cblr-2930	871	25	somewhat	somewhat	ADV
cblr-2930	871	26	less	less	ADV
cblr-2930	871	27	nuanced	nuanced	ADJ
cblr-2930	871	28	approach	approach	NOUN
cblr-2930	871	29	by	by	ADP
cblr-2930	871	30	holding	hold	VERB
cblr-2930	871	31	that	that	PRON
cblr-2930	871	32	in	in	ADP
cblr-2930	871	33	the	the	DET
cblr-2930	871	34	case	case	NOUN
cblr-2930	871	35	at	at	ADP
cblr-2930	871	36	hand	hand	NOUN
cblr-2930	871	37	there	there	PRON
cblr-2930	871	38	was	be	VERB
cblr-2930	871	39	no	no	DET
cblr-2930	871	40	improper	improper	ADJ
cblr-2930	871	41	vote	vote	NOUN
cblr-2930	871	42	buying	buying	NOUN
cblr-2930	871	43	(	(	PUNCT
cblr-2930	871	44	merely	merely	ADV
cblr-2930	871	45	)	)	PUNCT
cblr-2930	871	46	"	"	PUNCT
cblr-2930	871	47	because	because	SCONJ
cblr-2930	871	48	the	the	DET
cblr-2930	871	49	economic	economic	ADJ
cblr-2930	871	50	interests	interest	NOUN
cblr-2930	871	51	and	and	CCONJ
cblr-2930	871	52	the	the	DET
cblr-2930	871	53	voting	voting	NOUN
cblr-2930	871	54	interests	interest	NOUN
cblr-2930	871	55	of	of	ADP
cblr-2930	871	56	the	the	DET
cblr-2930	871	57	shares	share	NOUN
cblr-2930	871	58	remained	remain	VERB
cblr-2930	871	59	aligned	aligned	ADJ
cblr-2930	871	60	since	since	SCONJ
cblr-2930	871	61	both	both	DET
cblr-2930	871	62	sets	set	NOUN
cblr-2930	871	63	of	of	ADP
cblr-2930	871	64	interests	interest	NOUN
cblr-2930	871	65	were	be	AUX
cblr-2930	871	66	transferred	transfer	VERB
cblr-2930	871	67	"	"	PUNCT
cblr-2930	871	68	by	by	ADP
cblr-2930	871	69	the	the	DET
cblr-2930	871	70	vote	vote	NOUN
cblr-2930	871	71	buying	buying	NOUN
cblr-2930	871	72	agreement	agreement	NOUN
cblr-2930	871	73	.	.	PUNCT
cblr-2930	872	1	crown	crown	PROPN
cblr-2930	872	2	emak	emak	PROPN
cblr-2930	872	3	partners	partner	NOUN
cblr-2930	872	4	,	,	PUNCT
cblr-2930	872	5	l.l.c	l.l.c	NOUN
cblr-2930	872	6	.	.	PUNCT
cblr-2930	873	1	v.	v.	PROPN
cblr-2930	873	2	kurz	kurz	PROPN
cblr-2930	873	3	,	,	PUNCT
cblr-2930	873	4	992	992	NUM
cblr-2930	873	5	a.2d	a.2d	SYM
cblr-2930	873	6	377	377	NUM
cblr-2930	873	7	,	,	PUNCT
cblr-2930	873	8	390	390	NUM
cblr-2930	873	9	(	(	PUNCT
cblr-2930	873	10	del	del	PROPN
cblr-2930	873	11	.	.	PROPN
cblr-2930	873	12	2010	2010	NUM
cblr-2930	873	13	)	)	PUNCT
cblr-2930	873	14	.	.	PUNCT
cblr-2930	874	1	"	"	PUNCT
cblr-2930	874	2	n	n	X
cblr-2930	874	3	in	in	ADP
cblr-2930	874	4	the	the	DET
cblr-2930	874	5	absence	absence	NOUN
cblr-2930	874	6	of	of	ADP
cblr-2930	874	7	legal	legal	ADJ
cblr-2930	874	8	barriers	barrier	NOUN
cblr-2930	874	9	,	,	PUNCT
cblr-2930	874	10	a	a	DET
cblr-2930	874	11	market	market	NOUN
cblr-2930	874	12	for	for	ADP
cblr-2930	874	13	votes	vote	NOUN
cblr-2930	874	14	could	could	AUX
cblr-2930	874	15	emerge	emerge	VERB
cblr-2930	874	16	.	.	PUNCT
cblr-2930	875	1	the	the	DET
cblr-2930	875	2	proposition	proposition	NOUN
cblr-2930	875	3	that	that	SCONJ
cblr-2930	875	4	a	a	DET
cblr-2930	875	5	market	market	NOUN
cblr-2930	875	6	for	for	ADP
cblr-2930	875	7	corporate	corporate	ADJ
cblr-2930	875	8	votes	vote	NOUN
cblr-2930	875	9	could	could	AUX
cblr-2930	875	10	yield	yield	VERB
cblr-2930	875	11	significant	significant	ADJ
cblr-2930	875	12	benefits	benefit	NOUN
cblr-2930	875	13	was	be	AUX
cblr-2930	875	14	made	make	VERB
cblr-2930	875	15	by	by	ADP
cblr-2930	875	16	henry	henry	PROPN
cblr-2930	875	17	manne	manne	PROPN
cblr-2930	875	18	in	in	ADP
cblr-2930	875	19	1962	1962	NUM
cblr-2930	875	20	.	.	PUNCT
cblr-2930	876	1	manne	manne	PROPN
cblr-2930	876	2	,	,	PUNCT
cblr-2930	876	3	supra	supra	PROPN
cblr-2930	876	4	note	note	PROPN
cblr-2930	876	5	133	133	NUM
cblr-2930	876	6	.	.	PUNCT
cblr-2930	877	1	the	the	DET
cblr-2930	877	2	idea	idea	NOUN
cblr-2930	877	3	is	be	AUX
cblr-2930	877	4	still	still	ADV
cblr-2930	877	5	very	very	ADV
cblr-2930	877	6	much	much	ADV
cblr-2930	877	7	alive	alive	ADJ
cblr-2930	877	8	.	.	PUNCT
cblr-2930	878	1	see	see	VERB
cblr-2930	878	2	levmore	levmore	NOUN
cblr-2930	878	3	,	,	PUNCT
cblr-2930	878	4	supra	supra	PROPN
cblr-2930	878	5	note	note	PROPN
cblr-2930	878	6	17	17	NUM
cblr-2930	878	7	,	,	PUNCT
cblr-2930	878	8	at	at	ADP
cblr-2930	878	9	137	137	NUM
cblr-2930	878	10	-	-	SYM
cblr-2930	878	11	39	39	NUM
cblr-2930	878	12	;	;	PUNCT
cblr-2930	878	13	see	see	VERB
cblr-2930	878	14	also	also	ADV
cblr-2930	878	15	infra	infra	NOUN
cblr-2930	878	16	note	note	VERB
cblr-2930	878	17	8	8	NUM
cblr-2930	878	18	17no	17no	NOUN
cblr-2930	878	19	.	.	PUNCT
cblr-2930	879	1	3:763]1	3:763]1	NUM
cblr-2930	879	2	mechanisms	mechanism	NOUN
cblr-2930	879	3	of	of	ADP
cblr-2930	879	4	voting	voting	NOUN
cblr-2930	879	5	efficiency	efficiency	NOUN
cblr-2930	879	6	columbia	columbia	PROPN
cblr-2930	879	7	business	business	PROPN
cblr-2930	879	8	law	law	PROPN
cblr-2930	879	9	review	review	NOUN
cblr-2930	879	10	overall	overall	ADV
cblr-2930	879	11	,	,	PUNCT
cblr-2930	879	12	the	the	DET
cblr-2930	879	13	conclusion	conclusion	NOUN
cblr-2930	879	14	that	that	PRON
cblr-2930	879	15	emerges	emerge	VERB
cblr-2930	879	16	is	be	AUX
cblr-2930	879	17	that	that	SCONJ
cblr-2930	879	18	opportunities	opportunity	NOUN
cblr-2930	879	19	to	to	PART
cblr-2930	879	20	leverage	leverage	VERB
cblr-2930	879	21	superior	superior	ADJ
cblr-2930	879	22	information	information	NOUN
cblr-2930	879	23	through	through	ADP
cblr-2930	879	24	voting	voting	NOUN
cblr-2930	879	25	arbitrage	arbitrage	NOUN
cblr-2930	879	26	are	be	AUX
cblr-2930	879	27	limited	limited	ADJ
cblr-2930	879	28	.	.	PUNCT
cblr-2930	880	1	this	this	PRON
cblr-2930	880	2	is	be	AUX
cblr-2930	880	3	problematic	problematic	ADJ
cblr-2930	880	4	in	in	ADP
cblr-2930	880	5	a	a	DET
cblr-2930	880	6	world	world	NOUN
cblr-2930	880	7	where	where	SCONJ
cblr-2930	880	8	shareholders	shareholder	NOUN
cblr-2930	880	9	have	have	VERB
cblr-2930	880	10	limited	limit	VERB
cblr-2930	880	11	information	information	NOUN
cblr-2930	880	12	,	,	PUNCT
cblr-2930	880	13	bounded	bound	VERB
cblr-2930	880	14	rationality	rationality	NOUN
cblr-2930	880	15	,	,	PUNCT
cblr-2930	880	16	and	and	CCONJ
cblr-2930	880	17	heterogeneous	heterogeneous	ADJ
cblr-2930	880	18	preferences	preference	NOUN
cblr-2930	880	19	.	.	PUNCT
cblr-2930	881	1	iv	iv	X
cblr-2930	881	2	.	.	PUNCT
cblr-2930	881	3	policy	policy	NOUN
cblr-2930	881	4	implications	implication	NOUN
cblr-2930	881	5	this	this	DET
cblr-2930	881	6	part	part	NOUN
cblr-2930	881	7	examines	examine	VERB
cblr-2930	881	8	two	two	NUM
cblr-2930	881	9	phenomena	phenomenon	NOUN
cblr-2930	881	10	that	that	PRON
cblr-2930	881	11	have	have	AUX
cblr-2930	881	12	recently	recently	ADV
cblr-2930	881	13	captured	capture	VERB
cblr-2930	881	14	the	the	DET
cblr-2930	881	15	attention	attention	NOUN
cblr-2930	881	16	of	of	ADP
cblr-2930	881	17	the	the	DET
cblr-2930	881	18	sec	sec	PROPN
cblr-2930	881	19	and	and	CCONJ
cblr-2930	881	20	policymakers	policymaker	NOUN
cblr-2930	881	21	around	around	ADP
cblr-2930	881	22	the	the	DET
cblr-2930	881	23	world	world	NOUN
cblr-2930	881	24	:	:	PUNCT
cblr-2930	881	25	voting	vote	VERB
cblr-2930	881	26	without	without	ADP
cblr-2930	881	27	a	a	DET
cblr-2930	881	28	corresponding	corresponding	ADJ
cblr-2930	881	29	economic	economic	ADJ
cblr-2930	881	30	interest	interest	NOUN
cblr-2930	881	31	(	(	PUNCT
cblr-2930	881	32	"	"	PUNCT
cblr-2930	881	33	empty	empty	ADJ
cblr-2930	881	34	voting	voting	NOUN
cblr-2930	881	35	"	"	PUNCT
cblr-2930	881	36	)	)	PUNCT
cblr-2930	881	37	and	and	CCONJ
cblr-2930	881	38	the	the	DET
cblr-2930	881	39	major	major	ADJ
cblr-2930	881	40	influence	influence	NOUN
cblr-2930	881	41	of	of	ADP
cblr-2930	881	42	proxy	proxy	ADJ
cblr-2930	881	43	advisers	adviser	NOUN
cblr-2930	881	44	such	such	ADJ
cblr-2930	881	45	as	as	ADP
cblr-2930	881	46	iss	iss	PROPN
cblr-2930	881	47	.	.	PUNCT
cblr-2930	882	1	by	by	ADP
cblr-2930	882	2	using	use	VERB
cblr-2930	882	3	the	the	DET
cblr-2930	882	4	taxonomy	taxonomy	NOUN
cblr-2930	882	5	of	of	ADP
cblr-2930	882	6	mechanisms	mechanism	NOUN
cblr-2930	882	7	of	of	ADP
cblr-2930	882	8	voting	voting	NOUN
cblr-2930	882	9	efficiency	efficiency	NOUN
cblr-2930	882	10	as	as	ADP
cblr-2930	882	11	a	a	DET
cblr-2930	882	12	framework	framework	NOUN
cblr-2930	882	13	for	for	ADP
cblr-2930	882	14	analysis	analysis	NOUN
cblr-2930	882	15	,	,	PUNCT
cblr-2930	882	16	we	we	PRON
cblr-2930	882	17	can	can	AUX
cblr-2930	882	18	put	put	VERB
cblr-2930	882	19	the	the	DET
cblr-2930	882	20	costs	cost	NOUN
cblr-2930	882	21	and	and	CCONJ
cblr-2930	882	22	benefits	benefit	NOUN
cblr-2930	882	23	of	of	ADP
cblr-2930	882	24	these	these	DET
cblr-2930	882	25	phenomena	phenomenon	NOUN
cblr-2930	882	26	into	into	ADP
cblr-2930	882	27	sharper	sharp	ADJ
cblr-2930	882	28	focus	focus	NOUN
cblr-2930	882	29	.	.	PUNCT
cblr-2930	883	1	this	this	PRON
cblr-2930	883	2	,	,	PUNCT
cblr-2930	883	3	in	in	ADP
cblr-2930	883	4	turn	turn	NOUN
cblr-2930	883	5	,	,	PUNCT
cblr-2930	883	6	enables	enable	VERB
cblr-2930	883	7	the	the	DET
cblr-2930	883	8	formulation	formulation	NOUN
cblr-2930	883	9	of	of	ADP
cblr-2930	883	10	various	various	ADJ
cblr-2930	883	11	policy	policy	NOUN
cblr-2930	883	12	options	option	NOUN
cblr-2930	883	13	aimed	aim	VERB
cblr-2930	883	14	at	at	ADP
cblr-2930	883	15	mitigating	mitigate	VERB
cblr-2930	883	16	the	the	DET
cblr-2930	883	17	costs	cost	NOUN
cblr-2930	883	18	while	while	SCONJ
cblr-2930	883	19	fostering	foster	VERB
cblr-2930	883	20	the	the	DET
cblr-2930	883	21	benefits	benefit	NOUN
cblr-2930	883	22	.	.	PUNCT
cblr-2930	884	1	a.	a.	NOUN
cblr-2930	884	2	empty	empty	ADJ
cblr-2930	884	3	voting	voting	NOUN
cblr-2930	884	4	in	in	ADP
cblr-2930	884	5	the	the	DET
cblr-2930	884	6	previous	previous	ADJ
cblr-2930	884	7	section	section	NOUN
cblr-2930	884	8	we	we	PRON
cblr-2930	884	9	assumed	assume	VERB
cblr-2930	884	10	that	that	SCONJ
cblr-2930	884	11	votes	vote	NOUN
cblr-2930	884	12	are	be	AUX
cblr-2930	884	13	bought	buy	VERB
cblr-2930	884	14	by	by	ADP
cblr-2930	884	15	agreeing	agree	VERB
cblr-2930	884	16	with	with	ADP
cblr-2930	884	17	another	another	DET
cblr-2930	884	18	shareholder	shareholder	NOUN
cblr-2930	884	19	that	that	PRON
cblr-2930	884	20	he	he	PRON
cblr-2930	884	21	or	or	CCONJ
cblr-2930	884	22	she	she	PRON
cblr-2930	884	23	will	will	AUX
cblr-2930	884	24	vote	vote	VERB
cblr-2930	884	25	as	as	SCONJ
cblr-2930	884	26	instructed	instruct	VERB
cblr-2930	884	27	.	.	PUNCT
cblr-2930	885	1	but	but	CCONJ
cblr-2930	885	2	in	in	ADP
cblr-2930	885	3	modern	modern	ADJ
cblr-2930	885	4	financial	financial	ADJ
cblr-2930	885	5	markets	market	NOUN
cblr-2930	885	6	,	,	PUNCT
cblr-2930	885	7	votes	vote	NOUN
cblr-2930	885	8	can	can	AUX
cblr-2930	885	9	effectively	effectively	ADV
cblr-2930	885	10	also	also	ADV
cblr-2930	885	11	be	be	AUX
cblr-2930	885	12	bought	buy	VERB
cblr-2930	885	13	through	through	ADP
cblr-2930	885	14	a	a	DET
cblr-2930	885	15	range	range	NOUN
cblr-2930	885	16	of	of	ADP
cblr-2930	885	17	other	other	ADJ
cblr-2930	885	18	techniques	technique	NOUN
cblr-2930	885	19	including	include	VERB
cblr-2930	885	20	borrowing	borrow	VERB
cblr-2930	885	21	shares	share	NOUN
cblr-2930	885	22	(	(	PUNCT
cblr-2930	885	23	stock	stock	NOUN
cblr-2930	885	24	lending	lending	NOUN
cblr-2930	885	25	)	)	PUNCT
cblr-2930	885	26	,	,	PUNCT
cblr-2930	885	27	reducing	reduce	VERB
cblr-2930	885	28	economic	economic	ADJ
cblr-2930	885	29	exposure	exposure	NOUN
cblr-2930	885	30	through	through	ADP
cblr-2930	885	31	derivatives	derivative	NOUN
cblr-2930	885	32	(	(	PUNCT
cblr-2930	885	33	hedging	hedging	NOUN
cblr-2930	885	34	)	)	PUNCT
cblr-2930	885	35	,	,	PUNCT
cblr-2930	885	36	and	and	CCONJ
cblr-2930	885	37	buying	buy	VERB
cblr-2930	885	38	shares	share	NOUN
cblr-2930	885	39	prior	prior	ADV
cblr-2930	885	40	to	to	ADP
cblr-2930	885	41	the	the	DET
cblr-2930	885	42	voting	voting	NOUN
cblr-2930	885	43	record	record	NOUN
cblr-2930	885	44	date	date	NOUN
cblr-2930	885	45	and	and	CCONJ
cblr-2930	885	46	selling	sell	VERB
cblr-2930	885	47	them	they	PRON
cblr-2930	885	48	immediately	immediately	ADV
cblr-2930	885	49	afterwards	afterwards	ADV
cblr-2930	885	50	(	(	PUNCT
cblr-2930	885	51	record	record	NOUN
cblr-2930	885	52	date	date	NOUN
cblr-2930	885	53	capture	capture	NOUN
cblr-2930	885	54	)	)	PUNCT
cblr-2930	885	55	.	.	PUNCT
cblr-2930	886	1	46	46	NUM
cblr-2930	886	2	vote	vote	NOUN
cblr-2930	886	3	151	151	NUM
cblr-2930	886	4	and	and	CCONJ
cblr-2930	886	5	accompanying	accompany	VERB
cblr-2930	886	6	text	text	NOUN
cblr-2930	886	7	.	.	PUNCT
cblr-2930	887	1	a	a	DET
cblr-2930	887	2	market	market	NOUN
cblr-2930	887	3	for	for	ADP
cblr-2930	887	4	votes	vote	NOUN
cblr-2930	887	5	could	could	AUX
cblr-2930	887	6	be	be	AUX
cblr-2930	887	7	facilitated	facilitate	VERB
cblr-2930	887	8	by	by	ADP
cblr-2930	887	9	new	new	ADJ
cblr-2930	887	10	legal	legal	ADJ
cblr-2930	887	11	rules	rule	NOUN
cblr-2930	887	12	,	,	PUNCT
cblr-2930	887	13	for	for	ADP
cblr-2930	887	14	example	example	NOUN
cblr-2930	887	15	rules	rule	NOUN
cblr-2930	887	16	ensuring	ensure	VERB
cblr-2930	887	17	that	that	SCONJ
cblr-2930	887	18	the	the	DET
cblr-2930	887	19	vote	vote	NOUN
cblr-2930	887	20	seller	seller	NOUN
cblr-2930	887	21	's	's	PART
cblr-2930	887	22	vote	vote	NOUN
cblr-2930	887	23	is	be	AUX
cblr-2930	887	24	cast	cast	VERB
cblr-2930	887	25	in	in	ADP
cblr-2930	887	26	accordance	accordance	NOUN
cblr-2930	887	27	with	with	ADP
cblr-2930	887	28	the	the	DET
cblr-2930	887	29	vote	vote	NOUN
cblr-2930	887	30	buyer	buyer	NOUN
cblr-2930	887	31	's	's	PART
cblr-2930	887	32	preference	preference	NOUN
cblr-2930	887	33	,	,	PUNCT
cblr-2930	887	34	and	and	CCONJ
cblr-2930	887	35	,	,	PUNCT
cblr-2930	887	36	more	more	ADV
cblr-2930	887	37	generally	generally	ADV
cblr-2930	887	38	,	,	PUNCT
cblr-2930	887	39	rules	rule	NOUN
cblr-2930	887	40	aimed	aim	VERB
cblr-2930	887	41	at	at	ADP
cblr-2930	887	42	minimizing	minimize	VERB
cblr-2930	887	43	transaction	transaction	NOUN
cblr-2930	887	44	costs	cost	NOUN
cblr-2930	887	45	.	.	PUNCT
cblr-2930	888	1	"	"	PUNCT
cblr-2930	888	2	see	see	VERB
cblr-2930	888	3	shaun	shaun	PROPN
cblr-2930	888	4	martin	martin	PROPN
cblr-2930	888	5	&	&	CCONJ
cblr-2930	888	6	frank	frank	PROPN
cblr-2930	888	7	partnoy	partnoy	PROPN
cblr-2930	888	8	,	,	PUNCT
cblr-2930	888	9	encumbered	encumbered	ADJ
cblr-2930	888	10	shares	share	NOUN
cblr-2930	888	11	,	,	PUNCT
cblr-2930	888	12	2005	2005	NUM
cblr-2930	888	13	u.	u.	PROPN
cblr-2930	888	14	iil	iil	PROPN
cblr-2930	888	15	.	.	PUNCT
cblr-2930	889	1	l.	l.	PROPN
cblr-2930	889	2	rev	rev	PROPN
cblr-2930	889	3	.	.	PROPN
cblr-2930	889	4	775	775	NUM
cblr-2930	889	5	(	(	PUNCT
cblr-2930	889	6	2005	2005	NUM
cblr-2930	889	7	)	)	PUNCT
cblr-2930	889	8	;	;	PUNCT
cblr-2930	889	9	henry	henry	PROPN
cblr-2930	889	10	t.c	t.c	PROPN
cblr-2930	889	11	.	.	PROPN
cblr-2930	889	12	hu	hu	PROPN
cblr-2930	889	13	&	&	CCONJ
cblr-2930	889	14	bernard	bernard	PROPN
cblr-2930	889	15	black	black	PROPN
cblr-2930	889	16	,	,	PUNCT
cblr-2930	889	17	the	the	DET
cblr-2930	889	18	new	new	ADJ
cblr-2930	889	19	vote	vote	NOUN
cblr-2930	889	20	buying	buying	NOUN
cblr-2930	889	21	.	.	PUNCT
cblr-2930	890	1	empty	empty	ADJ
cblr-2930	890	2	voting	voting	NOUN
cblr-2930	890	3	and	and	CCONJ
cblr-2930	890	4	hidden	hide	VERB
cblr-2930	890	5	(	(	PUNCT
cblr-2930	890	6	morphable	morphable	NUM
cblr-2930	890	7	)	)	PUNCT
cblr-2930	890	8	ownership	ownership	NOUN
cblr-2930	890	9	,	,	PUNCT
cblr-2930	890	10	79	79	NUM
cblr-2930	890	11	s.	s.	PROPN
cblr-2930	890	12	cal	cal	PROPN
cblr-2930	890	13	.	.	PUNCT
cblr-2930	891	1	l.	l.	PROPN
cblr-2930	891	2	rev	rev	PROPN
cblr-2930	891	3	.	.	PROPN
cblr-2930	891	4	811	811	NUM
cblr-2930	891	5	(	(	PUNCT
cblr-2930	891	6	2006	2006	NUM
cblr-2930	891	7	)	)	PUNCT
cblr-2930	891	8	.	.	PUNCT
cblr-2930	892	1	among	among	ADP
cblr-2930	892	2	other	other	ADJ
cblr-2930	892	3	examples	example	NOUN
cblr-2930	892	4	of	of	ADP
cblr-2930	892	5	empty	empty	ADJ
cblr-2930	892	6	voting	voting	NOUN
cblr-2930	892	7	,	,	PUNCT
cblr-2930	892	8	hu	hu	PROPN
cblr-2930	892	9	&	&	CCONJ
cblr-2930	892	10	black	black	PROPN
cblr-2930	892	11	describe	describe	VERB
cblr-2930	892	12	one	one	NUM
cblr-2930	892	13	near	near	ADJ
cblr-2930	892	14	-	-	PUNCT
cblr-2930	892	15	instance	instance	NOUN
cblr-2930	892	16	of	of	ADP
cblr-2930	892	17	empty	empty	ADJ
cblr-2930	892	18	voting	voting	NOUN
cblr-2930	892	19	that	that	PRON
cblr-2930	892	20	has	have	AUX
cblr-2930	892	21	drawn	draw	VERB
cblr-2930	892	22	a	a	DET
cblr-2930	892	23	lot	lot	NOUN
cblr-2930	892	24	of	of	ADP
cblr-2930	892	25	attention	attention	NOUN
cblr-2930	892	26	from	from	ADP
cblr-2930	892	27	the	the	DET
cblr-2930	892	28	media	medium	NOUN
cblr-2930	892	29	and	and	CCONJ
cblr-2930	892	30	policymakers	policymaker	NOUN
cblr-2930	892	31	,	,	PUNCT
cblr-2930	892	32	involving	involve	VERB
cblr-2930	892	33	a	a	DET
cblr-2930	892	34	hedge	hedge	NOUN
cblr-2930	892	35	fund	fund	NOUN
cblr-2930	892	36	named	name	VERB
cblr-2930	892	37	perry	perry	PROPN
cblr-2930	892	38	capital	capital	PROPN
cblr-2930	892	39	.	.	PUNCT
cblr-2930	893	1	in	in	ADP
cblr-2930	893	2	2004	2004	NUM
cblr-2930	893	3	,	,	PUNCT
cblr-2930	893	4	perry	perry	PROPN
cblr-2930	893	5	held	hold	VERB
cblr-2930	893	6	a	a	DET
cblr-2930	893	7	stake	stake	NOUN
cblr-2930	893	8	in	in	ADP
cblr-2930	893	9	king	king	NOUN
cblr-2930	893	10	pharmaceuticals	pharmaceutical	NOUN
cblr-2930	893	11	when	when	SCONJ
cblr-2930	893	12	king	king	NOUN
cblr-2930	893	13	became	become	VERB
cblr-2930	893	14	the	the	DET
cblr-2930	893	15	subject	subject	NOUN
cblr-2930	893	16	of	of	ADP
cblr-2930	893	17	a	a	DET
cblr-2930	893	18	takeover	takeover	NOUN
cblr-2930	893	19	bid	bid	NOUN
cblr-2930	893	20	from	from	ADP
cblr-2930	893	21	mylan	mylan	PROPN
cblr-2930	893	22	laboratories	laboratory	NOUN
cblr-2930	893	23	at	at	ADP
cblr-2930	893	24	a	a	DET
cblr-2930	893	25	significant	significant	ADJ
cblr-2930	893	26	premium	premium	NOUN
cblr-2930	893	27	.	.	PUNCT
cblr-2930	894	1	to	to	PART
cblr-2930	894	2	ensure	ensure	VERB
cblr-2930	894	3	that	that	SCONJ
cblr-2930	894	4	mylan	mylan	PROPN
cblr-2930	894	5	shareholders	shareholder	NOUN
cblr-2930	894	6	would	would	AUX
cblr-2930	894	7	approve	approve	VERB
cblr-2930	894	8	the	the	DET
cblr-2930	894	9	deal	deal	NOUN
cblr-2930	894	10	,	,	PUNCT
cblr-2930	894	11	perry	perry	PROPN
cblr-2930	894	12	acquired	acquire	VERB
cblr-2930	894	13	818	818	NUM
cblr-2930	894	14	[	[	X
cblr-2930	894	15	vol	vol	NOUN
cblr-2930	894	16	.	.	PUNCT
cblr-2930	895	1	2010	2010	NUM
cblr-2930	895	2	buying	buying	NOUN
cblr-2930	895	3	has	have	AUX
cblr-2930	895	4	thus	thus	ADV
cblr-2930	895	5	become	become	VERB
cblr-2930	895	6	relatively	relatively	ADV
cblr-2930	895	7	easy	easy	ADJ
cblr-2930	895	8	,	,	PUNCT
cblr-2930	895	9	and	and	CCONJ
cblr-2930	895	10	seems	seem	VERB
cblr-2930	895	11	to	to	PART
cblr-2930	895	12	be	be	AUX
cblr-2930	895	13	occurring	occur	VERB
cblr-2930	895	14	more	more	ADV
cblr-2930	895	15	often	often	ADV
cblr-2930	895	16	.	.	PUNCT
cblr-2930	896	1	to	to	PART
cblr-2930	896	2	assess	assess	VERB
cblr-2930	896	3	the	the	DET
cblr-2930	896	4	impact	impact	NOUN
cblr-2930	896	5	of	of	ADP
cblr-2930	896	6	the	the	DET
cblr-2930	896	7	new	new	ADJ
cblr-2930	896	8	vote	vote	NOUN
cblr-2930	896	9	buying	buying	NOUN
cblr-2930	896	10	(	(	PUNCT
cblr-2930	896	11	or	or	CCONJ
cblr-2930	896	12	empty	empty	ADJ
cblr-2930	896	13	voting	voting	NOUN
cblr-2930	896	14	as	as	SCONJ
cblr-2930	896	15	it	it	PRON
cblr-2930	896	16	is	be	AUX
cblr-2930	896	17	referred	refer	VERB
cblr-2930	896	18	to	to	ADP
cblr-2930	896	19	)	)	PUNCT
cblr-2930	896	20	on	on	ADP
cblr-2930	896	21	voting	vote	VERB
cblr-2930	896	22	efficiency	efficiency	NOUN
cblr-2930	896	23	,	,	PUNCT
cblr-2930	896	24	it	it	PRON
cblr-2930	896	25	is	be	AUX
cblr-2930	896	26	again	again	ADV
cblr-2930	896	27	useful	useful	ADJ
cblr-2930	896	28	to	to	PART
cblr-2930	896	29	look	look	VERB
cblr-2930	896	30	at	at	ADP
cblr-2930	896	31	the	the	DET
cblr-2930	896	32	stock	stock	NOUN
cblr-2930	896	33	market	market	NOUN
cblr-2930	896	34	.	.	PUNCT
cblr-2930	897	1	there	there	ADV
cblr-2930	897	2	,	,	PUNCT
cblr-2930	897	3	we	we	PRON
cblr-2930	897	4	find	find	VERB
cblr-2930	897	5	a	a	DET
cblr-2930	897	6	cousin	cousin	NOUN
cblr-2930	897	7	to	to	ADP
cblr-2930	897	8	empty	empty	ADJ
cblr-2930	897	9	voting	voting	NOUN
cblr-2930	897	10	:	:	PUNCT
cblr-2930	897	11	short	short	ADJ
cblr-2930	897	12	selling	selling	NOUN
cblr-2930	897	13	.	.	PUNCT
cblr-2930	898	1	both	both	PRON
cblr-2930	898	2	are	be	AUX
cblr-2930	898	3	strategies	strategy	NOUN
cblr-2930	898	4	that	that	PRON
cblr-2930	898	5	can	can	AUX
cblr-2930	898	6	be	be	AUX
cblr-2930	898	7	used	use	VERB
cblr-2930	898	8	to	to	PART
cblr-2930	898	9	leverage	leverage	VERB
cblr-2930	898	10	superior	superior	ADJ
cblr-2930	898	11	information	information	NOUN
cblr-2930	898	12	.	.	PUNCT
cblr-2930	899	1	both	both	PRON
cblr-2930	899	2	are	be	AUX
cblr-2930	899	3	facilitated	facilitate	VERB
cblr-2930	899	4	by	by	ADP
cblr-2930	899	5	derivatives	derivative	NOUN
cblr-2930	899	6	and	and	CCONJ
cblr-2930	899	7	securities	security	NOUN
cblr-2930	899	8	lending	lending	NOUN
cblr-2930	899	9	.	.	PUNCT
cblr-2930	900	1	and	and	CCONJ
cblr-2930	900	2	both	both	PRON
cblr-2930	900	3	are	be	AUX
cblr-2930	900	4	commonly	commonly	ADV
cblr-2930	900	5	denounced	denounce	VERB
cblr-2930	900	6	by	by	ADP
cblr-2930	900	7	policymakers	policymaker	NOUN
cblr-2930	900	8	even	even	ADV
cblr-2930	900	9	if	if	SCONJ
cblr-2930	900	10	they	they	PRON
cblr-2930	900	11	carry	carry	VERB
cblr-2930	900	12	the	the	DET
cblr-2930	900	13	potential	potential	NOUN
cblr-2930	900	14	to	to	PART
cblr-2930	900	15	enhance	enhance	VERB
cblr-2930	900	16	efficiency	efficiency	NOUN
cblr-2930	900	17	.	.	PUNCT
cblr-2930	901	1	the	the	DET
cblr-2930	901	2	potential	potential	NOUN
cblr-2930	901	3	of	of	ADP
cblr-2930	901	4	short	short	ADJ
cblr-2930	901	5	selling	selling	NOUN
cblr-2930	901	6	to	to	PART
cblr-2930	901	7	enhance	enhance	VERB
cblr-2930	901	8	efficiency	efficiency	NOUN
cblr-2930	901	9	lies	lie	VERB
cblr-2930	901	10	in	in	ADP
cblr-2930	901	11	the	the	DET
cblr-2930	901	12	fact	fact	NOUN
cblr-2930	901	13	that	that	SCONJ
cblr-2930	901	14	it	it	PRON
cblr-2930	901	15	can	can	AUX
cblr-2930	901	16	help	help	VERB
cblr-2930	901	17	to	to	PART
cblr-2930	901	18	quickly	quickly	ADV
cblr-2930	901	19	incorporate	incorporate	VERB
cblr-2930	901	20	new	new	ADJ
cblr-2930	901	21	information	information	NOUN
cblr-2930	901	22	into	into	ADP
cblr-2930	901	23	share	share	NOUN
cblr-2930	901	24	prices	price	NOUN
cblr-2930	901	25	.	.	PUNCT
cblr-2930	902	1	empirical	empirical	ADJ
cblr-2930	902	2	evidence	evidence	NOUN
cblr-2930	902	3	suggests	suggest	VERB
cblr-2930	902	4	that	that	SCONJ
cblr-2930	902	5	short	short	ADJ
cblr-2930	902	6	selling	selling	NOUN
cblr-2930	902	7	actually	actually	ADV
cblr-2930	902	8	fulfills	fulfill	VERB
cblr-2930	902	9	this	this	DET
cblr-2930	902	10	role	role	NOUN
cblr-2930	902	11	.	.	PUNCT
cblr-2930	903	1	'4	'4	PROPN
cblr-2930	903	2	policymakers	policymaker	NOUN
cblr-2930	903	3	have	have	AUX
cblr-2930	903	4	nevertheless	nevertheless	ADV
cblr-2930	903	5	long	long	ADV
cblr-2930	903	6	held	hold	VERB
cblr-2930	903	7	a	a	DET
cblr-2930	903	8	negative	negative	ADJ
cblr-2930	903	9	view	view	NOUN
cblr-2930	903	10	of	of	ADP
cblr-2930	903	11	short	short	ADJ
cblr-2930	903	12	selling	selling	NOUN
cblr-2930	903	13	.	.	PUNCT
cblr-2930	904	1	149	149	NUM
cblr-2930	904	2	accordingly	accordingly	ADV
cblr-2930	904	3	,	,	PUNCT
cblr-2930	904	4	they	they	PRON
cblr-2930	904	5	have	have	AUX
cblr-2930	904	6	responded	respond	VERB
cblr-2930	904	7	to	to	ADP
cblr-2930	904	8	the	the	DET
cblr-2930	904	9	recent	recent	ADJ
cblr-2930	904	10	financial	financial	ADJ
cblr-2930	904	11	crisis	crisis	NOUN
cblr-2930	904	12	by	by	ADP
cblr-2930	904	13	imposing	impose	VERB
cblr-2930	904	14	bans	ban	NOUN
cblr-2930	904	15	on	on	ADP
cblr-2930	904	16	short	short	ADJ
cblr-2930	904	17	selling	selling	NOUN
cblr-2930	904	18	.	.	PUNCT
cblr-2930	905	1	the	the	DET
cblr-2930	905	2	bans	ban	NOUN
cblr-2930	905	3	were	be	AUX
cblr-2930	905	4	largely	largely	ADV
cblr-2930	905	5	driven	drive	VERB
cblr-2930	905	6	by	by	ADP
cblr-2930	905	7	the	the	DET
cblr-2930	905	8	concern	concern	NOUN
cblr-2930	905	9	that	that	SCONJ
cblr-2930	905	10	traders	trader	NOUN
cblr-2930	905	11	might	might	AUX
cblr-2930	905	12	seek	seek	VERB
cblr-2930	905	13	to	to	PART
cblr-2930	905	14	make	make	VERB
cblr-2930	905	15	a	a	DET
cblr-2930	905	16	quick	quick	ADJ
cblr-2930	905	17	profit	profit	NOUN
cblr-2930	905	18	by	by	ADP
cblr-2930	905	19	selling	sell	VERB
cblr-2930	905	20	short	short	ADJ
cblr-2930	905	21	and	and	CCONJ
cblr-2930	905	22	driving	drive	VERB
cblr-2930	905	23	the	the	DET
cblr-2930	905	24	share	share	NOUN
cblr-2930	905	25	price	price	NOUN
cblr-2930	905	26	down	down	ADP
cblr-2930	905	27	either	either	CCONJ
cblr-2930	905	28	by	by	ADP
cblr-2930	905	29	increasing	increase	VERB
cblr-2930	905	30	supply	supply	NOUN
cblr-2930	905	31	(	(	PUNCT
cblr-2930	905	32	and	and	CCONJ
cblr-2930	905	33	creating	create	VERB
cblr-2930	905	34	a	a	DET
cblr-2930	905	35	negative	negative	ADJ
cblr-2930	905	36	feedback	feedback	NOUN
cblr-2930	905	37	loop	loop	NOUN
cblr-2930	905	38	)	)	PUNCT
cblr-2930	905	39	or	or	CCONJ
cblr-2930	905	40	,	,	PUNCT
cblr-2930	905	41	less	less	ADV
cblr-2930	905	42	subtly	subtly	ADV
cblr-2930	905	43	,	,	PUNCT
cblr-2930	905	44	by	by	ADP
cblr-2930	905	45	spreading	spread	VERB
cblr-2930	905	46	false	false	ADJ
cblr-2930	905	47	stories	story	NOUN
cblr-2930	905	48	.	.	PUNCT
cblr-2930	906	1	theoretical	theoretical	ADJ
cblr-2930	906	2	as	as	ADV
cblr-2930	906	3	well	well	ADV
cblr-2930	906	4	as	as	ADP
cblr-2930	906	5	empirical	empirical	ADJ
cblr-2930	906	6	studies	study	NOUN
cblr-2930	906	7	of	of	ADP
cblr-2930	906	8	shortselling	shortselling	NOUN
cblr-2930	906	9	bans	ban	NOUN
cblr-2930	906	10	,	,	PUNCT
cblr-2930	906	11	however	however	ADV
cblr-2930	906	12	,	,	PUNCT
cblr-2930	906	13	suggest	suggest	VERB
cblr-2930	906	14	that	that	SCONJ
cblr-2930	906	15	such	such	ADJ
cblr-2930	906	16	bans	ban	NOUN
cblr-2930	906	17	slow	slow	VERB
cblr-2930	906	18	down	down	ADP
cblr-2930	906	19	price	price	NOUN
cblr-2930	906	20	discovery.5	discovery.5	PROPN
cblr-2930	906	21	0	0	PUNCT
cblr-2930	907	1	this	this	PRON
cblr-2930	907	2	suggests	suggest	VERB
cblr-2930	907	3	that	that	SCONJ
cblr-2930	907	4	we	we	PRON
cblr-2930	907	5	should	should	AUX
cblr-2930	907	6	be	be	AUX
cblr-2930	907	7	skeptical	skeptical	ADJ
cblr-2930	907	8	of	of	ADP
cblr-2930	907	9	limits	limit	NOUN
cblr-2930	907	10	on	on	ADP
cblr-2930	907	11	short	short	ADJ
cblr-2930	907	12	selling	selling	NOUN
cblr-2930	907	13	.	.	PUNCT
cblr-2930	908	1	mylan	mylan	PROPN
cblr-2930	908	2	shares	share	VERB
cblr-2930	908	3	so	so	SCONJ
cblr-2930	908	4	that	that	SCONJ
cblr-2930	908	5	it	it	PRON
cblr-2930	908	6	could	could	AUX
cblr-2930	908	7	vote	vote	VERB
cblr-2930	908	8	in	in	ADP
cblr-2930	908	9	favor	favor	NOUN
cblr-2930	908	10	of	of	ADP
cblr-2930	908	11	the	the	DET
cblr-2930	908	12	deal	deal	NOUN
cblr-2930	908	13	and	and	CCONJ
cblr-2930	908	14	simultaneously	simultaneously	ADV
cblr-2930	908	15	hedged	hedge	VERB
cblr-2930	908	16	its	its	PRON
cblr-2930	908	17	financial	financial	ADJ
cblr-2930	908	18	exposure	exposure	NOUN
cblr-2930	908	19	through	through	ADP
cblr-2930	908	20	derivatives	derivative	NOUN
cblr-2930	908	21	,	,	PUNCT
cblr-2930	908	22	thus	thus	ADV
cblr-2930	908	23	becoming	become	VERB
cblr-2930	908	24	an	an	DET
cblr-2930	908	25	"	"	PUNCT
cblr-2930	908	26	empty	empty	ADJ
cblr-2930	908	27	voter	voter	NOUN
cblr-2930	908	28	"	"	PUNCT
cblr-2930	908	29	in	in	ADP
cblr-2930	908	30	mylan	mylan	PROPN
cblr-2930	908	31	.	.	PUNCT
cblr-2930	909	1	i	i	PRON
cblr-2930	909	2	d.	d.	PROPN
cblr-2930	909	3	at	at	ADP
cblr-2930	909	4	828	828	NUM
cblr-2930	909	5	147	147	NUM
cblr-2930	909	6	hu	hu	PROPN
cblr-2930	909	7	&	&	CCONJ
cblr-2930	909	8	black	black	PROPN
cblr-2930	909	9	,	,	PUNCT
cblr-2930	909	10	supra	supra	PROPN
cblr-2930	909	11	note	note	NOUN
cblr-2930	909	12	146	146	NUM
cblr-2930	909	13	,	,	PUNCT
cblr-2930	909	14	at	at	ADP
cblr-2930	909	15	815	815	NUM
cblr-2930	909	16	.	.	PUNCT
cblr-2930	909	17	14	14	NUM
cblr-2930	909	18	see	see	VERB
cblr-2930	909	19	,	,	PUNCT
cblr-2930	909	20	e.g.	e.g.	ADV
cblr-2930	909	21	,	,	PUNCT
cblr-2930	909	22	ekkehart	ekkehart	VERB
cblr-2930	909	23	boehmer	boehmer	PROPN
cblr-2930	909	24	,	,	PUNCT
cblr-2930	909	25	charles	charles	PROPN
cblr-2930	909	26	m.	m.	PROPN
cblr-2930	909	27	jones	jones	PROPN
cblr-2930	909	28	&	&	CCONJ
cblr-2930	909	29	xiaoyan	xiaoyan	PROPN
cblr-2930	909	30	zhang	zhang	PROPN
cblr-2930	909	31	,	,	PUNCT
cblr-2930	909	32	which	which	PRON
cblr-2930	909	33	shorts	short	NOUN
cblr-2930	909	34	are	be	AUX
cblr-2930	909	35	informed	inform	VERB
cblr-2930	909	36	?	?	PUNCT
cblr-2930	909	37	,	,	PUNCT
cblr-2930	909	38	63	63	NUM
cblr-2930	909	39	j.	j.	PROPN
cblr-2930	909	40	fin	fin	PROPN
cblr-2930	909	41	.	.	PUNCT
cblr-2930	910	1	491	491	NUM
cblr-2930	910	2	,	,	PUNCT
cblr-2930	910	3	525	525	NUM
cblr-2930	910	4	(	(	PUNCT
cblr-2930	910	5	2008	2008	NUM
cblr-2930	910	6	)	)	PUNCT
cblr-2930	910	7	(	(	PUNCT
cblr-2930	910	8	showing	show	VERB
cblr-2930	910	9	results	result	NOUN
cblr-2930	910	10	that	that	PRON
cblr-2930	910	11	are	be	AUX
cblr-2930	910	12	strongly	strongly	ADV
cblr-2930	910	13	consistent	consistent	ADJ
cblr-2930	910	14	with	with	ADP
cblr-2930	910	15	the	the	DET
cblr-2930	910	16	notion	notion	NOUN
cblr-2930	910	17	that	that	SCONJ
cblr-2930	910	18	short	short	ADJ
cblr-2930	910	19	sellers	seller	NOUN
cblr-2930	910	20	possess	possess	VERB
cblr-2930	910	21	important	important	ADJ
cblr-2930	910	22	information	information	NOUN
cblr-2930	910	23	and	and	CCONJ
cblr-2930	910	24	that	that	SCONJ
cblr-2930	910	25	their	their	PRON
cblr-2930	910	26	trades	trade	NOUN
cblr-2930	910	27	are	be	AUX
cblr-2930	910	28	important	important	ADJ
cblr-2930	910	29	contributors	contributor	NOUN
cblr-2930	910	30	to	to	ADP
cblr-2930	910	31	more	more	ADV
cblr-2930	910	32	efficient	efficient	ADJ
cblr-2930	910	33	stock	stock	NOUN
cblr-2930	910	34	prices	price	NOUN
cblr-2930	910	35	)	)	PUNCT
cblr-2930	910	36	.	.	PUNCT
cblr-2930	911	1	149	149	NUM
cblr-2930	911	2	see	see	VERB
cblr-2930	911	3	edward	edward	PROPN
cblr-2930	911	4	chancellor	chancellor	PROPN
cblr-2930	911	5	,	,	PUNCT
cblr-2930	911	6	a	a	DET
cblr-2930	911	7	short	short	ADJ
cblr-2930	911	8	history	history	NOUN
cblr-2930	911	9	of	of	ADP
cblr-2930	911	10	the	the	DET
cblr-2930	911	11	bear	bear	NOUN
cblr-2930	911	12	,	,	PUNCT
cblr-2930	911	13	the	the	DET
cblr-2930	911	14	daily	daily	ADJ
cblr-2930	911	15	reckoning	reckoning	NOUN
cblr-2930	911	16	(	(	PUNCT
cblr-2930	911	17	nov	nov	PROPN
cblr-2930	911	18	.	.	PROPN
cblr-2930	911	19	2	2	NUM
cblr-2930	911	20	,	,	PUNCT
cblr-2930	911	21	2001	2001	NUM
cblr-2930	911	22	)	)	PUNCT
cblr-2930	911	23	,	,	PUNCT
cblr-2930	911	24	available	available	ADJ
cblr-2930	911	25	at	at	ADP
cblr-2930	911	26	http-/dailyreckoning.com	http-/dailyreckoning.com	PROPN
cblr-2930	911	27	/	/	SYM
cblr-2930	911	28	a	a	DET
cblr-2930	911	29	-	-	PUNCT
cblr-2930	911	30	shorthistory	shorthistory	NOUN
cblr-2930	911	31	-	-	PUNCT
cblr-2930	911	32	of	of	ADP
cblr-2930	911	33	-	-	PUNCT
cblr-2930	911	34	the	the	DET
cblr-2930	911	35	-	-	PUNCT
cblr-2930	911	36	bear	bear	NOUN
cblr-2930	911	37	-	-	PUNCT
cblr-2930	911	38	market	market	NOUN
cblr-2930	911	39	.	.	PUNCT
cblr-2930	912	1	.o	.o	PROPN
cblr-2930	912	2	see	see	VERB
cblr-2930	912	3	douglas	douglas	PROPN
cblr-2930	912	4	w.	w.	PROPN
cblr-2930	912	5	diamond	diamond	PROPN
cblr-2930	912	6	&	&	CCONJ
cblr-2930	912	7	robert	robert	PROPN
cblr-2930	912	8	e.	e.	PROPN
cblr-2930	912	9	verrecchia	verrecchia	PROPN
cblr-2930	912	10	,	,	PUNCT
cblr-2930	912	11	constraints	constraint	NOUN
cblr-2930	912	12	on	on	ADP
cblr-2930	912	13	short	short	ADJ
cblr-2930	912	14	-	-	PUNCT
cblr-2930	912	15	selling	sell	VERB
cblr-2930	912	16	and	and	CCONJ
cblr-2930	912	17	asset	asset	NOUN
cblr-2930	912	18	price	price	NOUN
cblr-2930	912	19	adjustment	adjustment	NOUN
cblr-2930	912	20	to	to	ADP
cblr-2930	912	21	private	private	ADJ
cblr-2930	912	22	information	information	NOUN
cblr-2930	912	23	,	,	PUNCT
cblr-2930	912	24	18	18	NUM
cblr-2930	912	25	j.	j.	PROPN
cblr-2930	912	26	fin	fin	PROPN
cblr-2930	912	27	.	.	PUNCT
cblr-2930	912	28	econ	econ	PROPN
cblr-2930	912	29	.	.	PUNCT
cblr-2930	913	1	227	227	NUM
cblr-2930	913	2	,	,	PUNCT
cblr-2930	913	3	303	303	NUM
cblr-2930	913	4	(	(	PUNCT
cblr-2930	913	5	1987	1987	NUM
cblr-2930	913	6	)	)	PUNCT
cblr-2930	914	1	;	;	PUNCT
cblr-2930	914	2	arturo	arturo	PROPN
cblr-2930	914	3	bris	bris	PROPN
cblr-2930	914	4	,	,	PUNCT
cblr-2930	914	5	william	william	PROPN
cblr-2930	914	6	n.	n.	PROPN
cblr-2930	914	7	goetzmann	goetzmann	PROPN
cblr-2930	914	8	&	&	CCONJ
cblr-2930	914	9	ning	ning	PROPN
cblr-2930	914	10	zhu	zhu	PROPN
cblr-2930	914	11	,	,	PUNCT
cblr-2930	914	12	819no	819no	PROPN
cblr-2930	914	13	.	.	PUNCT
cblr-2930	915	1	3:763	3:763	NUM
cblr-2930	915	2	]	]	PUNCT
cblr-2930	915	3	mechanisms	mechanism	NOUN
cblr-2930	915	4	of	of	ADP
cblr-2930	915	5	voting	vote	VERB
cblr-2930	915	6	efficiency	efficiency	NOUN
cblr-2930	915	7	by	by	ADP
cblr-2930	915	8	analogy	analogy	NOUN
cblr-2930	915	9	,	,	PUNCT
cblr-2930	915	10	an	an	DET
cblr-2930	915	11	analysis	analysis	NOUN
cblr-2930	915	12	of	of	ADP
cblr-2930	915	13	empty	empty	ADJ
cblr-2930	915	14	voting	voting	NOUN
cblr-2930	915	15	should	should	AUX
cblr-2930	915	16	focus	focus	VERB
cblr-2930	915	17	on	on	ADP
cblr-2930	915	18	its	its	PRON
cblr-2930	915	19	potential	potential	NOUN
cblr-2930	915	20	to	to	PART
cblr-2930	915	21	enhance	enhance	VERB
cblr-2930	915	22	efficiency	efficiency	NOUN
cblr-2930	915	23	.	.	PUNCT
cblr-2930	916	1	empty	empty	ADJ
cblr-2930	916	2	voting	voting	NOUN
cblr-2930	916	3	realizes	realize	VERB
cblr-2930	916	4	this	this	DET
cblr-2930	916	5	potential	potential	NOUN
cblr-2930	916	6	when	when	SCONJ
cblr-2930	916	7	it	it	PRON
cblr-2930	916	8	enables	enable	VERB
cblr-2930	916	9	a	a	DET
cblr-2930	916	10	shareholder	shareholder	NOUN
cblr-2930	916	11	with	with	ADP
cblr-2930	916	12	superior	superior	ADJ
cblr-2930	916	13	information	information	NOUN
cblr-2930	916	14	to	to	PART
cblr-2930	916	15	obtain	obtain	VERB
cblr-2930	916	16	greater	great	ADJ
cblr-2930	916	17	voting	voting	NOUN
cblr-2930	916	18	power	power	NOUN
cblr-2930	916	19	,	,	PUNCT
cblr-2930	916	20	thereby	thereby	ADV
cblr-2930	916	21	increasing	increase	VERB
cblr-2930	916	22	the	the	DET
cblr-2930	916	23	probability	probability	NOUN
cblr-2930	916	24	that	that	SCONJ
cblr-2930	916	25	a	a	DET
cblr-2930	916	26	majority	majority	NOUN
cblr-2930	916	27	of	of	ADP
cblr-2930	916	28	the	the	DET
cblr-2930	916	29	shares	share	NOUN
cblr-2930	916	30	is	be	AUX
cblr-2930	916	31	voted	vote	VERB
cblr-2930	916	32	in	in	ADP
cblr-2930	916	33	favor	favor	NOUN
cblr-2930	916	34	of	of	ADP
cblr-2930	916	35	the	the	DET
cblr-2930	916	36	correct	correct	ADJ
cblr-2930	916	37	option	option	NOUN
cblr-2930	916	38	.	.	PUNCT
cblr-2930	917	1	the	the	DET
cblr-2930	917	2	potential	potential	NOUN
cblr-2930	917	3	of	of	ADP
cblr-2930	917	4	the	the	DET
cblr-2930	917	5	new	new	ADJ
cblr-2930	917	6	vote	vote	NOUN
cblr-2930	917	7	buying	buy	VERB
cblr-2930	917	8	to	to	PART
cblr-2930	917	9	enhance	enhance	VERB
cblr-2930	917	10	efficiency	efficiency	NOUN
cblr-2930	917	11	is	be	AUX
cblr-2930	917	12	thus	thus	ADV
cblr-2930	917	13	similar	similar	ADJ
cblr-2930	917	14	to	to	ADP
cblr-2930	917	15	that	that	PRON
cblr-2930	917	16	of	of	ADP
cblr-2930	917	17	conventional	conventional	ADJ
cblr-2930	917	18	vote	vote	NOUN
cblr-2930	917	19	buying	buying	NOUN
cblr-2930	917	20	.	.	PUNCT
cblr-2930	918	1	scholars	scholar	NOUN
cblr-2930	918	2	such	such	ADJ
cblr-2930	918	3	as	as	ADP
cblr-2930	918	4	christoffersen	christoffersen	NOUN
cblr-2930	918	5	,	,	PUNCT
cblr-2930	918	6	who	who	PRON
cblr-2930	918	7	examine	examine	VERB
cblr-2930	918	8	stock	stock	NOUN
cblr-2930	918	9	lending	lending	NOUN
cblr-2930	918	10	activity	activity	NOUN
cblr-2930	918	11	recognize	recognize	VERB
cblr-2930	918	12	this	this	PRON
cblr-2930	918	13	and	and	CCONJ
cblr-2930	918	14	note	note	VERB
cblr-2930	918	15	that	that	SCONJ
cblr-2930	918	16	"	"	PUNCT
cblr-2930	918	17	[	[	X
cblr-2930	918	18	siince	siince	NOUN
cblr-2930	918	19	the	the	DET
cblr-2930	918	20	dispersion	dispersion	NOUN
cblr-2930	918	21	of	of	ADP
cblr-2930	918	22	information	information	NOUN
cblr-2930	918	23	can	can	AUX
cblr-2930	918	24	be	be	AUX
cblr-2930	918	25	a	a	DET
cblr-2930	918	26	poor	poor	ADJ
cblr-2930	918	27	match	match	NOUN
cblr-2930	918	28	to	to	ADP
cblr-2930	918	29	the	the	DET
cblr-2930	918	30	dispersion	dispersion	NOUN
cblr-2930	918	31	of	of	ADP
cblr-2930	918	32	shareholdings	shareholding	NOUN
cblr-2930	918	33	,	,	PUNCT
cblr-2930	918	34	vote	vote	NOUN
cblr-2930	918	35	trading	trading	NOUN
cblr-2930	918	36	can	can	AUX
cblr-2930	918	37	improve	improve	VERB
cblr-2930	918	38	the	the	DET
cblr-2930	918	39	aggregation	aggregation	NOUN
cblr-2930	918	40	of	of	ADP
cblr-2930	918	41	this	this	DET
cblr-2930	918	42	information	information	NOUN
cblr-2930	918	43	.	.	PUNCT
cblr-2930	919	1	"	"	PUNCT
cblr-2930	919	2	's	be	AUX
cblr-2930	919	3	consistent	consistent	ADJ
cblr-2930	919	4	with	with	ADP
cblr-2930	919	5	this	this	DET
cblr-2930	919	6	hypothesis	hypothesis	NOUN
cblr-2930	919	7	,	,	PUNCT
cblr-2930	919	8	they	they	PRON
cblr-2930	919	9	document	document	VERB
cblr-2930	919	10	increased	increase	VERB
cblr-2930	919	11	lending	lending	NOUN
cblr-2930	919	12	activity	activity	NOUN
cblr-2930	919	13	around	around	ADP
cblr-2930	919	14	voting	voting	NOUN
cblr-2930	919	15	record	record	NOUN
cblr-2930	919	16	dates	date	NOUN
cblr-2930	919	17	,	,	PUNCT
cblr-2930	919	18	as	as	SCONJ
cblr-2930	919	19	figure	figure	NOUN
cblr-2930	919	20	3	3	NUM
cblr-2930	919	21	illustrates	illustrate	VERB
cblr-2930	919	22	.	.	PUNCT
cblr-2930	920	1	'5	'5	PROPN
cblr-2930	920	2	2	2	NUM
cblr-2930	920	3	efficiency	efficiency	NOUN
cblr-2930	920	4	and	and	CCONJ
cblr-2930	920	5	the	the	DET
cblr-2930	920	6	bear	bear	NOUN
cblr-2930	920	7	:	:	PUNCT
cblr-2930	920	8	short	short	ADJ
cblr-2930	920	9	sales	sale	NOUN
cblr-2930	920	10	and	and	CCONJ
cblr-2930	920	11	markets	market	NOUN
cblr-2930	920	12	around	around	ADP
cblr-2930	920	13	the	the	DET
cblr-2930	920	14	world	world	NOUN
cblr-2930	920	15	,	,	PUNCT
cblr-2930	920	16	62	62	NUM
cblr-2930	920	17	j.	j.	PROPN
cblr-2930	920	18	fin	fin	PROPN
cblr-2930	920	19	.	.	PUNCT
cblr-2930	921	1	1029	1029	NUM
cblr-2930	921	2	,	,	PUNCT
cblr-2930	921	3	1072	1072	NUM
cblr-2930	921	4	(	(	PUNCT
cblr-2930	921	5	2007	2007	NUM
cblr-2930	921	6	)	)	PUNCT
cblr-2930	921	7	;	;	PUNCT
cblr-2930	921	8	allessandro	allessandro	VERB
cblr-2930	921	9	beber	beber	PROPN
cblr-2930	921	10	&	&	CCONJ
cblr-2930	921	11	marco	marco	PROPN
cblr-2930	921	12	pagano	pagano	PROPN
cblr-2930	921	13	,	,	PUNCT
cblr-2930	921	14	short	short	ADJ
cblr-2930	921	15	-	-	PUNCT
cblr-2930	921	16	selling	sell	VERB
cblr-2930	921	17	bans	ban	NOUN
cblr-2930	921	18	around	around	ADP
cblr-2930	921	19	the	the	DET
cblr-2930	921	20	world	world	NOUN
cblr-2930	921	21	:	:	PUNCT
cblr-2930	921	22	evidence	evidence	NOUN
cblr-2930	921	23	from	from	ADP
cblr-2930	921	24	the	the	DET
cblr-2930	921	25	2007	2007	NUM
cblr-2930	921	26	-	-	SYM
cblr-2930	921	27	09	09	NUM
cblr-2930	921	28	crisis	crisis	NOUN
cblr-2930	921	29	(	(	PUNCT
cblr-2930	921	30	ctr	ctr	PROPN
cblr-2930	921	31	.	.	PROPN
cblr-2930	922	1	for	for	ADP
cblr-2930	922	2	studies	study	NOUN
cblr-2930	922	3	in	in	ADP
cblr-2930	922	4	econ	econ	PROPN
cblr-2930	922	5	.	.	PUNCT
cblr-2930	923	1	and	and	CCONJ
cblr-2930	923	2	fin	fin	PROPN
cblr-2930	923	3	.	.	PUNCT
cblr-2930	923	4	,	,	PUNCT
cblr-2930	923	5	working	work	VERB
cblr-2930	923	6	paper	paper	NOUN
cblr-2930	923	7	no	no	INTJ
cblr-2930	923	8	.	.	PUNCT
cblr-2930	924	1	241	241	NUM
cblr-2930	924	2	,	,	PUNCT
cblr-2930	924	3	2010	2010	NUM
cblr-2930	924	4	)	)	PUNCT
cblr-2930	924	5	,	,	PUNCT
cblr-2930	924	6	available	available	ADJ
cblr-2930	924	7	at	at	ADP
cblr-2930	924	8	http//www.csef.it	http//www.csef.it	PROPN
cblr-2930	924	9	/	/	SYM
cblr-2930	924	10	wp	wp	PROPN
cblr-2930	924	11	/	/	SYM
cblr-2930	924	12	wp241.pdf	wp241.pdf	PROPN
cblr-2930	924	13	.	.	PUNCT
cblr-2930	925	1	1	1	NUM
cblr-2930	925	2	'	'	PART
cblr-2930	925	3	susan	susan	PROPN
cblr-2930	925	4	e.	e.	PROPN
cblr-2930	925	5	k	k	PROPN
cblr-2930	925	6	christoffersen	christoffersen	VERB
cblr-2930	925	7	et	et	PROPN
cblr-2930	925	8	al	al	PROPN
cblr-2930	925	9	.	.	PROPN
cblr-2930	925	10	,	,	PUNCT
cblr-2930	925	11	vote	vote	NOUN
cblr-2930	925	12	trading	trading	NOUN
cblr-2930	925	13	and	and	CCONJ
cblr-2930	925	14	information	information	NOUN
cblr-2930	925	15	aggregation	aggregation	NOUN
cblr-2930	925	16	,	,	PUNCT
cblr-2930	925	17	62	62	NUM
cblr-2930	925	18	j.	j.	PROPN
cblr-2930	925	19	fin	fin	PROPN
cblr-2930	925	20	.	.	PUNCT
cblr-2930	925	21	2897	2897	NUM
cblr-2930	925	22	,	,	PUNCT
cblr-2930	925	23	2898	2898	NUM
cblr-2930	925	24	(	(	PUNCT
cblr-2930	925	25	2007	2007	NUM
cblr-2930	925	26	)	)	PUNCT
cblr-2930	925	27	;	;	PUNCT
cblr-2930	925	28	see	see	VERB
cblr-2930	925	29	also	also	ADV
cblr-2930	925	30	bruce	bruce	PROPN
cblr-2930	925	31	h.	h.	PROPN
cblr-2930	925	32	kobayashi	kobayashi	PROPN
cblr-2930	925	33	&	&	CCONJ
cblr-2930	925	34	larry	larry	PROPN
cblr-2930	925	35	e.	e.	PROPN
cblr-2930	925	36	ribstein	ribstein	PROPN
cblr-2930	925	37	,	,	PUNCT
cblr-2930	925	38	outsider	outsider	NOUN
cblr-2930	925	39	trading	trading	NOUN
cblr-2930	925	40	as	as	ADP
cblr-2930	925	41	an	an	DET
cblr-2930	925	42	incentive	incentive	NOUN
cblr-2930	925	43	device	device	NOUN
cblr-2930	925	44	,	,	PUNCT
cblr-2930	925	45	40	40	NUM
cblr-2930	925	46	u.c	u.c	PROPN
cblr-2930	925	47	.	.	PROPN
cblr-2930	926	1	davis	davis	PROPN
cblr-2930	926	2	l.	l.	PROPN
cblr-2930	926	3	rev	rev	AUX
cblr-2930	926	4	.	.	PROPN
cblr-2930	926	5	21	21	NUM
cblr-2930	926	6	,	,	PUNCT
cblr-2930	926	7	44	44	NUM
cblr-2930	926	8	(	(	PUNCT
cblr-2930	926	9	2006	2006	NUM
cblr-2930	926	10	)	)	PUNCT
cblr-2930	926	11	(	(	PUNCT
cblr-2930	926	12	arguing	argue	VERB
cblr-2930	926	13	that	that	SCONJ
cblr-2930	926	14	the	the	DET
cblr-2930	926	15	new	new	ADJ
cblr-2930	926	16	vote	vote	NOUN
cblr-2930	926	17	buying	buying	NOUN
cblr-2930	926	18	can	can	AUX
cblr-2930	926	19	be	be	AUX
cblr-2930	926	20	viewed	view	VERB
cblr-2930	926	21	as	as	ADP
cblr-2930	926	22	a	a	DET
cblr-2930	926	23	way	way	NOUN
cblr-2930	926	24	for	for	ADP
cblr-2930	926	25	the	the	DET
cblr-2930	926	26	control	control	NOUN
cblr-2930	926	27	rights	right	NOUN
cblr-2930	926	28	associated	associate	VERB
cblr-2930	926	29	with	with	ADP
cblr-2930	926	30	the	the	DET
cblr-2930	926	31	votes	vote	NOUN
cblr-2930	926	32	to	to	PART
cblr-2930	926	33	flow	flow	VERB
cblr-2930	926	34	to	to	ADP
cblr-2930	926	35	the	the	DET
cblr-2930	926	36	person	person	NOUN
cblr-2930	926	37	with	with	ADP
cblr-2930	926	38	the	the	DET
cblr-2930	926	39	most	most	ADV
cblr-2930	926	40	reliable	reliable	ADJ
cblr-2930	926	41	information	information	NOUN
cblr-2930	926	42	)	)	PUNCT
cblr-2930	926	43	;	;	PUNCT
cblr-2930	926	44	onnig	onnig	PROPN
cblr-2930	926	45	h.	h.	PROPN
cblr-2930	926	46	dombalagian	dombalagian	PROPN
cblr-2930	926	47	,	,	PUNCT
cblr-2930	926	48	can	can	AUX
cblr-2930	926	49	borrowing	borrow	VERB
cblr-2930	926	50	shares	share	NOUN
cblr-2930	926	51	vindicate	vindicate	VERB
cblr-2930	926	52	shareholder	shareholder	NOUN
cblr-2930	926	53	primacy	primacy	NOUN
cblr-2930	926	54	?	?	PUNCT
cblr-2930	926	55	,	,	PUNCT
cblr-2930	926	56	42	42	NUM
cblr-2930	926	57	u.c	u.c	PROPN
cblr-2930	926	58	.	.	PUNCT
cblr-2930	927	1	davis	davis	PROPN
cblr-2930	927	2	l.	l.	PROPN
cblr-2930	927	3	rev	rev	PROPN
cblr-2930	927	4	.	.	PROPN
cblr-2930	927	5	1231	1231	NUM
cblr-2930	927	6	,	,	PUNCT
cblr-2930	927	7	1289	1289	NUM
cblr-2930	927	8	(	(	PUNCT
cblr-2930	927	9	2009	2009	NUM
cblr-2930	927	10	)	)	PUNCT
cblr-2930	927	11	(	(	PUNCT
cblr-2930	927	12	arguing	argue	VERB
cblr-2930	927	13	that	that	SCONJ
cblr-2930	927	14	facilitating	facilitate	VERB
cblr-2930	927	15	empty	empty	ADJ
cblr-2930	927	16	voting	voting	NOUN
cblr-2930	927	17	by	by	ADP
cblr-2930	927	18	committed	committed	ADJ
cblr-2930	927	19	shareholders	shareholder	NOUN
cblr-2930	927	20	may	may	AUX
cblr-2930	927	21	alleviate	alleviate	VERB
cblr-2930	927	22	collective	collective	ADJ
cblr-2930	927	23	shareholder	shareholder	NOUN
cblr-2930	927	24	action	action	NOUN
cblr-2930	927	25	problems	problem	NOUN
cblr-2930	927	26	and	and	CCONJ
cblr-2930	927	27	that	that	SCONJ
cblr-2930	927	28	a	a	DET
cblr-2930	927	29	market	market	NOUN
cblr-2930	927	30	for	for	ADP
cblr-2930	927	31	borrowing	borrow	VERB
cblr-2930	927	32	public	public	ADJ
cblr-2930	927	33	shares	share	NOUN
cblr-2930	927	34	could	could	AUX
cblr-2930	927	35	improve	improve	VERB
cblr-2930	927	36	shareholder	shareholder	NOUN
cblr-2930	927	37	decision	decision	NOUN
cblr-2930	927	38	-	-	PUNCT
cblr-2930	927	39	making	making	NOUN
cblr-2930	927	40	)	)	PUNCT
cblr-2930	927	41	.	.	PUNCT
cblr-2930	928	1	152	152	NUM
cblr-2930	928	2	christoffersen	christoffersen	NOUN
cblr-2930	928	3	et	et	NOUN
cblr-2930	928	4	al	al	PROPN
cblr-2930	928	5	.	.	PROPN
cblr-2930	928	6	,	,	PUNCT
cblr-2930	928	7	supra	supra	PROPN
cblr-2930	928	8	note	note	PROPN
cblr-2930	928	9	151	151	NUM
cblr-2930	928	10	,	,	PUNCT
cblr-2930	928	11	at	at	ADP
cblr-2930	928	12	2910	2910	NUM
cblr-2930	928	13	.	.	PUNCT
cblr-2930	929	1	the	the	DET
cblr-2930	929	2	number	number	NOUN
cblr-2930	929	3	of	of	ADP
cblr-2930	929	4	shares	share	NOUN
cblr-2930	929	5	loaned	loan	VERB
cblr-2930	929	6	by	by	ADP
cblr-2930	929	7	the	the	DET
cblr-2930	929	8	author	author	NOUN
cblr-2930	929	9	's	's	PART
cblr-2930	929	10	data	datum	NOUN
cblr-2930	929	11	provider	provider	NOUN
cblr-2930	929	12	,	,	PUNCT
cblr-2930	929	13	as	as	ADP
cblr-2930	929	14	a	a	DET
cblr-2930	929	15	percentage	percentage	NOUN
cblr-2930	929	16	of	of	ADP
cblr-2930	929	17	shares	share	NOUN
cblr-2930	929	18	outstanding	outstanding	ADJ
cblr-2930	929	19	,	,	PUNCT
cblr-2930	929	20	is	be	AUX
cblr-2930	929	21	on	on	ADP
cblr-2930	929	22	the	the	DET
cblr-2930	929	23	vertical	vertical	ADJ
cblr-2930	929	24	axis	axis	NOUN
cblr-2930	929	25	.	.	PUNCT
cblr-2930	930	1	the	the	DET
cblr-2930	930	2	sample	sample	NOUN
cblr-2930	930	3	is	be	AUX
cblr-2930	930	4	6,764	6,764	NUM
cblr-2930	930	5	record	record	NOUN
cblr-2930	930	6	dates	date	NOUN
cblr-2930	930	7	of	of	ADP
cblr-2930	930	8	centre	centre	NOUN
cblr-2930	930	9	for	for	ADP
cblr-2930	930	10	research	research	NOUN
cblr-2930	930	11	in	in	ADP
cblr-2930	930	12	security	security	NOUN
cblr-2930	930	13	prices	price	NOUN
cblr-2930	930	14	(	(	PUNCT
cblr-2930	930	15	crsp	crsp	NOUN
cblr-2930	930	16	)	)	PUNCT
cblr-2930	930	17	stocks	stock	NOUN
cblr-2930	930	18	from	from	ADP
cblr-2930	930	19	november	november	PROPN
cblr-2930	930	20	16	16	NUM
cblr-2930	930	21	,	,	PUNCT
cblr-2930	930	22	1998	1998	NUM
cblr-2930	930	23	to	to	ADP
cblr-2930	930	24	october	october	PROPN
cblr-2930	930	25	15	15	NUM
cblr-2930	930	26	,	,	PUNCT
cblr-2930	930	27	1999	1999	NUM
cblr-2930	930	28	and	and	CCONJ
cblr-2930	930	29	broken	break	VERB
cblr-2930	930	30	into	into	ADP
cblr-2930	930	31	all	all	DET
cblr-2930	930	32	shares	share	NOUN
cblr-2930	930	33	in	in	ADP
cblr-2930	930	34	the	the	DET
cblr-2930	930	35	crsp	crsp	NOUN
cblr-2930	930	36	(	(	PUNCT
cblr-2930	930	37	middle	middle	ADJ
cblr-2930	930	38	line	line	NOUN
cblr-2930	930	39	)	)	PUNCT
cblr-2930	930	40	,	,	PUNCT
cblr-2930	930	41	all	all	DET
cblr-2930	930	42	shares	share	NOUN
cblr-2930	930	43	in	in	ADP
cblr-2930	930	44	the	the	DET
cblr-2930	930	45	russell	russell	PROPN
cblr-2930	930	46	3000	3000	NUM
cblr-2930	930	47	(	(	PUNCT
cblr-2930	930	48	top	top	ADJ
cblr-2930	930	49	line	line	NOUN
cblr-2930	930	50	)	)	PUNCT
cblr-2930	930	51	and	and	CCONJ
cblr-2930	930	52	those	those	DET
cblr-2930	930	53	shares	share	NOUN
cblr-2930	930	54	in	in	ADP
cblr-2930	930	55	the	the	DET
cblr-2930	930	56	crsp	crsp	NOUN
cblr-2930	930	57	but	but	CCONJ
cblr-2930	930	58	not	not	PART
cblr-2930	930	59	the	the	DET
cblr-2930	930	60	russell	russell	PROPN
cblr-2930	930	61	3000	3000	NUM
cblr-2930	930	62	(	(	PUNCT
cblr-2930	930	63	bottom	bottom	ADJ
cblr-2930	930	64	line	line	NOUN
cblr-2930	930	65	)	)	PUNCT
cblr-2930	930	66	.	.	PUNCT
cblr-2930	931	1	consistent	consistent	ADJ
cblr-2930	931	2	with	with	ADP
cblr-2930	931	3	the	the	DET
cblr-2930	931	4	findings	finding	NOUN
cblr-2930	931	5	of	of	ADP
cblr-2930	931	6	the	the	DET
cblr-2930	931	7	study	study	NOUN
cblr-2930	931	8	by	by	ADP
cblr-2930	931	9	bethel	bethel	PROPN
cblr-2930	931	10	et	et	PROPN
cblr-2930	931	11	al	al	PROPN
cblr-2930	931	12	.	.	PROPN
cblr-2930	931	13	,	,	PUNCT
cblr-2930	931	14	supra	supra	PROPN
cblr-2930	931	15	note	note	VERB
cblr-2930	931	16	124	124	NUM
cblr-2930	931	17	and	and	CCONJ
cblr-2930	931	18	accompanying	accompany	VERB
cblr-2930	931	19	text	text	NOUN
cblr-2930	931	20	,	,	PUNCT
cblr-2930	931	21	christoffersen	christoffersen	VERB
cblr-2930	931	22	et	et	PROPN
cblr-2930	931	23	al	al	PROPN
cblr-2930	931	24	.	.	PROPN
cblr-2930	931	25	find	find	VERB
cblr-2930	931	26	that	that	DET
cblr-2930	931	27	vote	vote	NOUN
cblr-2930	931	28	trading	trading	NOUN
cblr-2930	931	29	corresponds	correspond	NOUN
cblr-2930	931	30	to	to	ADP
cblr-2930	931	31	opposition	opposition	NOUN
cblr-2930	931	32	to	to	ADP
cblr-2930	931	33	management	management	NOUN
cblr-2930	931	34	proposals	proposal	NOUN
cblr-2930	931	35	.	.	PUNCT
cblr-2930	932	1	christoffersen	christoffersen	VERB
cblr-2930	932	2	et	et	PROPN
cblr-2930	932	3	al	al	PROPN
cblr-2930	932	4	.	.	PROPN
cblr-2930	932	5	,	,	PUNCT
cblr-2930	932	6	supra	supra	PROPN
cblr-2930	932	7	note	note	PROPN
cblr-2930	932	8	151	151	NUM
cblr-2930	932	9	,	,	PUNCT
cblr-2930	932	10	at	at	ADP
cblr-2930	932	11	2922	2922	NUM
cblr-2930	932	12	.	.	PUNCT
cblr-2930	933	1	they	they	PRON
cblr-2930	933	2	find	find	VERB
cblr-2930	933	3	that	that	PRON
cblr-2930	933	4	vote	vote	NOUN
cblr-2930	933	5	trading	trading	NOUN
cblr-2930	933	6	grows	grow	VERB
cblr-2930	933	7	as	as	ADP
cblr-2930	933	8	information	information	NOUN
cblr-2930	933	9	asymmetry	asymmetry	NOUN
cblr-2930	933	10	(	(	PUNCT
cblr-2930	933	11	as	as	SCONJ
cblr-2930	933	12	proxied	proxie	VERB
cblr-2930	933	13	by	by	ADP
cblr-2930	933	14	the	the	DET
cblr-2930	933	15	bid	bid	NOUN
cblr-2930	933	16	-	-	PUNCT
cblr-2930	933	17	ask	ask	NOUN
cblr-2930	933	18	spread	spread	NOUN
cblr-2930	933	19	)	)	PUNCT
cblr-2930	933	20	increases	increase	NOUN
cblr-2930	933	21	,	,	PUNCT
cblr-2930	933	22	which	which	PRON
cblr-2930	933	23	is	be	AUX
cblr-2930	933	24	consistent	consistent	ADJ
cblr-2930	933	25	with	with	ADP
cblr-2930	933	26	their	their	PRON
cblr-2930	933	27	hypothesis	hypothesis	NOUN
cblr-2930	933	28	that	that	SCONJ
cblr-2930	933	29	the	the	DET
cblr-2930	933	30	misdistribution	misdistribution	NOUN
cblr-2930	933	31	of	of	ADP
cblr-2930	933	32	information	information	NOUN
cblr-2930	933	33	across	across	ADP
cblr-2930	933	34	investors	investor	NOUN
cblr-2930	933	35	is	be	AUX
cblr-2930	933	36	an	an	DET
cblr-2930	933	37	important	important	ADJ
cblr-2930	933	38	incentive	incentive	NOUN
cblr-2930	933	39	to	to	PART
cblr-2930	933	40	rearrange	rearrange	VERB
cblr-2930	933	41	votes	vote	NOUN
cblr-2930	933	42	across	across	ADP
cblr-2930	933	43	investors	investor	NOUN
cblr-2930	933	44	.	.	PUNCT
cblr-2930	934	1	i	i	PRON
cblr-2930	934	2	d.	d.	PROPN
cblr-2930	934	3	at	at	ADP
cblr-2930	934	4	2915	2915	NUM
cblr-2930	934	5	;	;	PUNCT
cblr-2930	934	6	see	see	VERB
cblr-2930	934	7	col	col	PROPN
cblr-2930	934	8	umia	umia	PROPN
cblr-2930	934	9	business	business	PROPN
cblr-2930	934	10	la	la	PROPN
cblr-2930	934	11	wre	wre	PROPN
cblr-2930	934	12	vie	vie	PROPN
cblr-2930	934	13	w	w	PROPN
cblr-2930	935	1	[	[	X
cblr-2930	935	2	vol	vol	NOUN
cblr-2930	935	3	.	.	PUNCT
cblr-2930	935	4	2010820	2010820	NUM
cblr-2930	935	5	mechanisms	mechanism	NOUN
cblr-2930	935	6	of	of	ADP
cblr-2930	935	7	voting	vote	VERB
cblr-2930	935	8	efficiency	efficiency	NOUN
cblr-2930	935	9	figure	figure	NOUN
cblr-2930	935	10	3	3	NUM
cblr-2930	935	11	:	:	PUNCT
cblr-2930	935	12	loan	loan	NOUN
cblr-2930	935	13	market	market	NOUN
cblr-2930	935	14	volume	volume	NOUN
cblr-2930	935	15	around	around	ADP
cblr-2930	935	16	voting	voting	NOUN
cblr-2930	935	17	record	record	NOUN
cblr-2930	935	18	date	date	NOUN
cblr-2930	936	1	0.6%0.5	0.6%0.5	PROPN
cblr-2930	936	2	%	%	NOUN
cblr-2930	936	3	0.4	0.4	NUM
cblr-2930	936	4	%	%	NOUN
cblr-2930	936	5	0.3%0.2%0.1	0.3%0.2%0.1	NUM
cblr-2930	936	6	%	%	NOUN
cblr-2930	936	7	t	t	NOUN
cblr-2930	936	8	7	7	NUM
cblr-2930	936	9	..................	..................	PUNCT
cblr-2930	936	10	0	0	NUM
cblr-2930	936	11	%	%	NOUN
cblr-2930	937	1	i	i	PRON
cblr-2930	937	2	-10	-10	PUNCT
cblr-2930	938	1	-9	-9	INTJ
cblr-2930	938	2	-8	-8	INTJ
cblr-2930	939	1	-7	-7	INTJ
cblr-2930	940	1	-6	-6	INTJ
cblr-2930	940	2	-5	-5	INTJ
cblr-2930	940	3	-4	-4	INTJ
cblr-2930	940	4	-3	-3	INTJ
cblr-2930	940	5	-2	-2	INTJ
cblr-2930	940	6	-1	-1	SYM
cblr-2930	940	7	0	0	NUM
cblr-2930	940	8	1	1	NUM
cblr-2930	940	9	2	2	NUM
cblr-2930	940	10	3	3	NUM
cblr-2930	940	11	4	4	NUM
cblr-2930	940	12	5	5	NUM
cblr-2930	940	13	6	6	NUM
cblr-2930	940	14	7	7	NUM
cblr-2930	940	15	8	8	NUM
cblr-2930	940	16	9	9	NUM
cblr-2930	940	17	10	10	NUM
cblr-2930	940	18	source	source	NOUN
cblr-2930	940	19	:	:	PUNCT
cblr-2930	940	20	christoffersen	christoffersen	VERB
cblr-2930	940	21	et	et	NOUN
cblr-2930	940	22	al	al	PROPN
cblr-2930	940	23	.	.	PUNCT
cblr-2930	940	24	(	(	PUNCT
cblr-2930	940	25	2007	2007	NUM
cblr-2930	940	26	)	)	PUNCT
cblr-2930	940	27	as	as	ADP
cblr-2930	940	28	with	with	ADP
cblr-2930	940	29	other	other	ADJ
cblr-2930	940	30	arbitrage	arbitrage	NOUN
cblr-2930	940	31	strategies	strategy	NOUN
cblr-2930	940	32	,	,	PUNCT
cblr-2930	940	33	we	we	PRON
cblr-2930	940	34	can	can	AUX
cblr-2930	940	35	explore	explore	VERB
cblr-2930	940	36	the	the	DET
cblr-2930	940	37	limits	limit	NOUN
cblr-2930	940	38	of	of	ADP
cblr-2930	940	39	empty	empty	ADJ
cblr-2930	940	40	voting	voting	NOUN
cblr-2930	940	41	as	as	ADP
cblr-2930	940	42	an	an	DET
cblr-2930	940	43	arbitrage	arbitrage	NOUN
cblr-2930	940	44	strategy	strategy	NOUN
cblr-2930	940	45	by	by	ADP
cblr-2930	940	46	identifying	identify	VERB
cblr-2930	940	47	cost	cost	NOUN
cblr-2930	940	48	constraints	constraint	NOUN
cblr-2930	940	49	and	and	CCONJ
cblr-2930	940	50	legal	legal	ADJ
cblr-2930	940	51	constraints	constraint	NOUN
cblr-2930	940	52	.	.	PUNCT
cblr-2930	941	1	the	the	DET
cblr-2930	941	2	costs	cost	NOUN
cblr-2930	941	3	will	will	AUX
cblr-2930	941	4	largely	largely	ADV
cblr-2930	941	5	depend	depend	VERB
cblr-2930	941	6	on	on	ADP
cblr-2930	941	7	the	the	DET
cblr-2930	941	8	consideration	consideration	NOUN
cblr-2930	941	9	that	that	PRON
cblr-2930	941	10	needs	need	VERB
cblr-2930	941	11	to	to	PART
cblr-2930	941	12	be	be	AUX
cblr-2930	941	13	paid	pay	VERB
cblr-2930	941	14	to	to	ADP
cblr-2930	941	15	the	the	DET
cblr-2930	941	16	lender	lender	NOUN
cblr-2930	941	17	of	of	ADP
cblr-2930	941	18	the	the	DET
cblr-2930	941	19	shares	share	NOUN
cblr-2930	941	20	(	(	PUNCT
cblr-2930	941	21	in	in	ADP
cblr-2930	941	22	the	the	DET
cblr-2930	941	23	case	case	NOUN
cblr-2930	941	24	of	of	ADP
cblr-2930	941	25	stock	stock	NOUN
cblr-2930	941	26	lending	lending	NOUN
cblr-2930	941	27	)	)	PUNCT
cblr-2930	941	28	,	,	PUNCT
cblr-2930	941	29	the	the	DET
cblr-2930	941	30	counterparty	counterparty	NOUN
cblr-2930	941	31	to	to	ADP
cblr-2930	941	32	the	the	DET
cblr-2930	941	33	derivative	derivative	ADJ
cblr-2930	941	34	transaction	transaction	NOUN
cblr-2930	941	35	(	(	PUNCT
cblr-2930	941	36	in	in	ADP
cblr-2930	941	37	the	the	DET
cblr-2930	941	38	case	case	NOUN
cblr-2930	941	39	of	of	ADP
cblr-2930	941	40	hedging	hedging	NOUN
cblr-2930	941	41	)	)	PUNCT
cblr-2930	941	42	,	,	PUNCT
cblr-2930	941	43	or	or	CCONJ
cblr-2930	941	44	,	,	PUNCT
cblr-2930	941	45	in	in	ADP
cblr-2930	941	46	the	the	DET
cblr-2930	941	47	case	case	NOUN
cblr-2930	941	48	of	of	ADP
cblr-2930	941	49	record	record	NOUN
cblr-2930	941	50	date	date	NOUN
cblr-2930	941	51	capture	capture	NOUN
cblr-2930	941	52	,	,	PUNCT
cblr-2930	941	53	the	the	DET
cblr-2930	941	54	interest	interest	NOUN
cblr-2930	941	55	that	that	PRON
cblr-2930	941	56	needs	need	VERB
cblr-2930	941	57	to	to	PART
cblr-2930	941	58	be	be	AUX
cblr-2930	941	59	paid	pay	VERB
cblr-2930	941	60	when	when	SCONJ
cblr-2930	941	61	borrowing	borrow	VERB
cblr-2930	941	62	funds	fund	NOUN
cblr-2930	941	63	to	to	PART
cblr-2930	941	64	temporarily	temporarily	ADV
cblr-2930	941	65	purchase	purchase	VERB
cblr-2930	941	66	shares	share	NOUN
cblr-2930	941	67	in	in	ADP
cblr-2930	941	68	the	the	DET
cblr-2930	941	69	market	market	NOUN
cblr-2930	941	70	.	.	PUNCT
cblr-2930	942	1	as	as	ADP
cblr-2930	942	2	a	a	DET
cblr-2930	942	3	general	general	ADJ
cblr-2930	942	4	matter	matter	NOUN
cblr-2930	942	5	,	,	PUNCT
cblr-2930	942	6	these	these	DET
cblr-2930	942	7	-costs	-cost	NOUN
cblr-2930	942	8	do	do	AUX
cblr-2930	942	9	not	not	PART
cblr-2930	942	10	seem	seem	VERB
cblr-2930	942	11	prohibitive	prohibitive	ADJ
cblr-2930	942	12	.	.	PUNCT
cblr-2930	943	1	indeed	indeed	ADV
cblr-2930	943	2	,	,	PUNCT
cblr-2930	943	3	they	they	PRON
cblr-2930	943	4	may	may	AUX
cblr-2930	943	5	be	be	AUX
cblr-2930	943	6	lower	low	ADJ
cblr-2930	943	7	than	than	ADP
cblr-2930	943	8	the	the	DET
cblr-2930	943	9	cost	cost	NOUN
cblr-2930	943	10	of	of	ADP
cblr-2930	943	11	conventional	conventional	ADJ
cblr-2930	943	12	vote	vote	NOUN
cblr-2930	943	13	buying.153	buying.153	VERB
cblr-2930	943	14	moreover	moreover	ADV
cblr-2930	943	15	,	,	PUNCT
cblr-2930	943	16	finding	find	VERB
cblr-2930	943	17	a	a	DET
cblr-2930	943	18	counterparty	counterparty	NOUN
cblr-2930	943	19	who	who	PRON
cblr-2930	943	20	is	be	AUX
cblr-2930	943	21	willing	willing	ADJ
cblr-2930	943	22	to	to	PART
cblr-2930	943	23	lend	lend	VERB
cblr-2930	943	24	money	money	NOUN
cblr-2930	943	25	or	or	CCONJ
cblr-2930	943	26	shares	share	NOUN
cblr-2930	943	27	or	or	CCONJ
cblr-2930	943	28	to	to	PART
cblr-2930	943	29	take	take	VERB
cblr-2930	943	30	the	the	DET
cblr-2930	943	31	long	long	ADJ
cblr-2930	943	32	side	side	NOUN
cblr-2930	943	33	in	in	ADP
cblr-2930	943	34	a	a	DET
cblr-2930	943	35	derivative	derivative	ADJ
cblr-2930	943	36	transaction	transaction	NOUN
cblr-2930	943	37	will	will	AUX
cblr-2930	943	38	probably	probably	ADV
cblr-2930	943	39	be	be	AUX
cblr-2930	943	40	easier	easy	ADJ
cblr-2930	943	41	than	than	ADP
cblr-2930	943	42	finding	find	VERB
cblr-2930	943	43	a	a	DET
cblr-2930	943	44	shareholder	shareholder	NOUN
cblr-2930	943	45	willing	willing	ADJ
cblr-2930	943	46	to	to	PART
cblr-2930	943	47	accept	accept	VERB
cblr-2930	943	48	voting	voting	NOUN
cblr-2930	943	49	instructions	instruction	NOUN
cblr-2930	943	50	against	against	ADP
cblr-2930	943	51	a	a	DET
cblr-2930	943	52	payment	payment	NOUN
cblr-2930	943	53	.	.	PUNCT
cblr-2930	944	1	moving	move	VERB
cblr-2930	944	2	to	to	ADP
cblr-2930	944	3	legal	legal	ADJ
cblr-2930	944	4	constraints	constraint	NOUN
cblr-2930	944	5	,	,	PUNCT
cblr-2930	944	6	we	we	PRON
cblr-2930	944	7	have	have	AUX
cblr-2930	944	8	already	already	ADV
cblr-2930	944	9	seen	see	VERB
cblr-2930	944	10	that	that	SCONJ
cblr-2930	944	11	courts	court	NOUN
cblr-2930	944	12	are	be	AUX
cblr-2930	944	13	suspicious	suspicious	ADJ
cblr-2930	944	14	of	of	ADP
cblr-2930	944	15	conventional	conventional	ADJ
cblr-2930	944	16	vote	vote	NOUN
cblr-2930	944	17	buying	buying	NOUN
cblr-2930	944	18	because	because	SCONJ
cblr-2930	944	19	it	it	PRON
cblr-2930	944	20	is	be	AUX
cblr-2930	944	21	susceptible	susceptible	ADJ
cblr-2930	944	22	of	of	ADP
cblr-2930	944	23	abuse	abuse	NOUN
cblr-2930	944	24	.	.	PUNCT
cblr-2930	945	1	this	this	DET
cblr-2930	945	2	suspicion	suspicion	NOUN
cblr-2930	945	3	is	be	AUX
cblr-2930	945	4	also	also	ADV
cblr-2930	945	5	warranted	warrant	VERB
cblr-2930	945	6	with	with	ADP
cblr-2930	945	7	respect	respect	NOUN
cblr-2930	945	8	to	to	ADP
cblr-2930	945	9	the	the	DET
cblr-2930	945	10	new	new	ADJ
cblr-2930	945	11	vote	vote	NOUN
cblr-2930	945	12	buying	buying	NOUN
cblr-2930	945	13	.	.	PUNCT
cblr-2930	946	1	in	in	ADP
cblr-2930	946	2	the	the	DET
cblr-2930	946	3	extreme	extreme	ADJ
cblr-2930	946	4	case	case	NOUN
cblr-2930	946	5	where	where	SCONJ
cblr-2930	946	6	a	a	DET
cblr-2930	946	7	also	also	ADV
cblr-2930	946	8	reena	reena	PROPN
cblr-2930	946	9	aggarwal	aggarwal	PROPN
cblr-2930	946	10	,	,	PUNCT
cblr-2930	946	11	pedro	pedro	PROPN
cblr-2930	946	12	a.c	a.c	PROPN
cblr-2930	946	13	.	.	PROPN
cblr-2930	946	14	saffi	saffi	PROPN
cblr-2930	946	15	&	&	CCONJ
cblr-2930	946	16	jason	jason	PROPN
cblr-2930	946	17	sturgess	sturgess	PROPN
cblr-2930	946	18	,	,	PUNCT
cblr-2930	946	19	does	do	AUX
cblr-2930	946	20	proxy	proxy	NOUN
cblr-2930	946	21	voting	voting	NOUN
cblr-2930	946	22	affect	affect	VERB
cblr-2930	946	23	the	the	DET
cblr-2930	946	24	supply	supply	NOUN
cblr-2930	946	25	and/or	and/or	CCONJ
cblr-2930	946	26	demand	demand	NOUN
cblr-2930	946	27	for	for	ADP
cblr-2930	946	28	securities	security	NOUN
cblr-2930	946	29	lending	lending	NOUN
cblr-2930	946	30	?	?	PUNCT
cblr-2930	946	31	,	,	PUNCT
cblr-2930	946	32	28	28	NUM
cblr-2930	946	33	(	(	PUNCT
cblr-2930	946	34	oct	oct	PROPN
cblr-2930	946	35	.	.	PROPN
cblr-2930	946	36	2010	2010	NUM
cblr-2930	946	37	)	)	PUNCT
cblr-2930	946	38	(	(	PUNCT
cblr-2930	946	39	unpublished	unpublished	ADJ
cblr-2930	946	40	manuscript	manuscript	NOUN
cblr-2930	946	41	)	)	PUNCT
cblr-2930	946	42	,	,	PUNCT
cblr-2930	946	43	available	available	ADJ
cblr-2930	946	44	at	at	ADP
cblr-2930	946	45	http://ssm.com/abstract--1688993	http://ssm.com/abstract--1688993	NOUN
cblr-2930	946	46	(	(	PUNCT
cblr-2930	946	47	finding	find	VERB
cblr-2930	946	48	that	that	SCONJ
cblr-2930	946	49	borrowing	borrowing	NOUN
cblr-2930	946	50	demand	demand	NOUN
cblr-2930	946	51	increases	increase	NOUN
cblr-2930	946	52	in	in	ADP
cblr-2930	946	53	the	the	DET
cblr-2930	946	54	run	run	NOUN
cblr-2930	946	55	-	-	PUNCT
cblr-2930	946	56	up	up	NOUN
cblr-2930	946	57	to	to	ADP
cblr-2930	946	58	the	the	DET
cblr-2930	946	59	record	record	NOUN
cblr-2930	946	60	date	date	NOUN
cblr-2930	946	61	and	and	CCONJ
cblr-2930	946	62	decreases	decrease	NOUN
cblr-2930	946	63	after	after	ADP
cblr-2930	946	64	the	the	DET
cblr-2930	946	65	record	record	NOUN
cblr-2930	946	66	date	date	NOUN
cblr-2930	946	67	,	,	PUNCT
cblr-2930	946	68	but	but	CCONJ
cblr-2930	946	69	noting	note	VERB
cblr-2930	946	70	that	that	SCONJ
cblr-2930	946	71	it	it	PRON
cblr-2930	946	72	is	be	AUX
cblr-2930	946	73	not	not	PART
cblr-2930	946	74	obvious	obvious	ADJ
cblr-2930	946	75	that	that	SCONJ
cblr-2930	946	76	the	the	DET
cblr-2930	946	77	result	result	NOUN
cblr-2930	946	78	stems	stem	VERB
cblr-2930	946	79	from	from	ADP
cblr-2930	946	80	empty	empty	ADJ
cblr-2930	946	81	voting	voting	NOUN
cblr-2930	946	82	)	)	PUNCT
cblr-2930	946	83	.	.	PUNCT
cblr-2930	947	1	15	15	NUM
cblr-2930	947	2	'	'	PART
cblr-2930	947	3	see	see	VERB
cblr-2930	947	4	supra	supra	PROPN
cblr-2930	947	5	note	note	PROPN
cblr-2930	947	6	135	135	NUM
cblr-2930	947	7	and	and	CCONJ
cblr-2930	947	8	accompanying	accompany	VERB
cblr-2930	947	9	text	text	NOUN
cblr-2930	947	10	.	.	PUNCT
cblr-2930	948	1	no	no	INTJ
cblr-2930	948	2	.	.	PUNCT
cblr-2930	949	1	3:763	3:763	NUM
cblr-2930	949	2	]	]	PUNCT
cblr-2930	949	3	821	821	NUM
cblr-2930	949	4	columbia	columbia	PROPN
cblr-2930	949	5	business	business	NOUN
cblr-2930	949	6	law	law	PROPN
cblr-2930	949	7	review	review	NOUN
cblr-2930	949	8	shareholder	shareholder	NOUN
cblr-2930	949	9	uses	use	VERB
cblr-2930	949	10	derivatives	derivative	NOUN
cblr-2930	949	11	to	to	PART
cblr-2930	949	12	build	build	VERB
cblr-2930	949	13	a	a	DET
cblr-2930	949	14	net	net	ADJ
cblr-2930	949	15	short	short	ADJ
cblr-2930	949	16	position	position	NOUN
cblr-2930	949	17	,	,	PUNCT
cblr-2930	949	18	his	his	PRON
cblr-2930	949	19	interests	interest	NOUN
cblr-2930	949	20	clearly	clearly	ADV
cblr-2930	949	21	conflict	conflict	VERB
cblr-2930	949	22	with	with	ADP
cblr-2930	949	23	those	those	PRON
cblr-2930	949	24	of	of	ADP
cblr-2930	949	25	other	other	ADJ
cblr-2930	949	26	shareholders	shareholder	NOUN
cblr-2930	949	27	,	,	PUNCT
cblr-2930	949	28	as	as	SCONJ
cblr-2930	949	29	he	he	PRON
cblr-2930	949	30	will	will	AUX
cblr-2930	949	31	prefer	prefer	VERB
cblr-2930	949	32	an	an	DET
cblr-2930	949	33	outcome	outcome	NOUN
cblr-2930	949	34	(	(	PUNCT
cblr-2930	949	35	share	share	NOUN
cblr-2930	949	36	price	price	NOUN
cblr-2930	949	37	decrease	decrease	NOUN
cblr-2930	949	38	)	)	PUNCT
cblr-2930	949	39	that	that	PRON
cblr-2930	949	40	is	be	AUX
cblr-2930	949	41	the	the	DET
cblr-2930	949	42	opposite	opposite	NOUN
cblr-2930	949	43	from	from	ADP
cblr-2930	949	44	that	that	PRON
cblr-2930	949	45	preferred	prefer	VERB
cblr-2930	949	46	by	by	ADP
cblr-2930	949	47	other	other	ADJ
cblr-2930	949	48	shareholders	shareholder	NOUN
cblr-2930	949	49	(	(	PUNCT
cblr-2930	949	50	share	share	NOUN
cblr-2930	949	51	price	price	NOUN
cblr-2930	949	52	increase).154	increase).154	VERB
cblr-2930	949	53	the	the	DET
cblr-2930	949	54	conflicted	conflicted	ADJ
cblr-2930	949	55	shareholder	shareholder	NOUN
cblr-2930	949	56	will	will	AUX
cblr-2930	949	57	,	,	PUNCT
cblr-2930	949	58	to	to	PART
cblr-2930	949	59	use	use	VERB
cblr-2930	949	60	our	our	PRON
cblr-2930	949	61	terminology	terminology	NOUN
cblr-2930	949	62	,	,	PUNCT
cblr-2930	949	63	vote	vote	VERB
cblr-2930	949	64	insincerely	insincerely	ADV
cblr-2930	949	65	.	.	PUNCT
cblr-2930	950	1	interestingly	interestingly	ADV
cblr-2930	950	2	,	,	PUNCT
cblr-2930	950	3	the	the	DET
cblr-2930	950	4	delaware	delaware	PROPN
cblr-2930	950	5	chancery	chancery	PROPN
cblr-2930	950	6	court	court	PROPN
cblr-2930	950	7	recently	recently	ADV
cblr-2930	950	8	addressed	address	VERB
cblr-2930	950	9	the	the	DET
cblr-2930	950	10	question	question	NOUN
cblr-2930	950	11	of	of	ADP
cblr-2930	950	12	whether	whether	SCONJ
cblr-2930	950	13	the	the	DET
cblr-2930	950	14	concept	concept	NOUN
cblr-2930	950	15	of	of	ADP
cblr-2930	950	16	vote	vote	NOUN
cblr-2930	950	17	buying	buying	NOUN
cblr-2930	950	18	,	,	PUNCT
cblr-2930	950	19	as	as	SCONJ
cblr-2930	950	20	developed	develop	VERB
cblr-2930	950	21	by	by	ADP
cblr-2930	950	22	the	the	DET
cblr-2930	950	23	courts	court	NOUN
cblr-2930	950	24	,	,	PUNCT
cblr-2930	950	25	is	be	AUX
cblr-2930	950	26	broad	broad	ADJ
cblr-2930	950	27	enough	enough	ADV
cblr-2930	950	28	to	to	PART
cblr-2930	950	29	encompass	encompass	VERB
cblr-2930	950	30	the	the	DET
cblr-2930	950	31	new	new	ADJ
cblr-2930	950	32	vote	vote	NOUN
cblr-2930	950	33	buying	buying	NOUN
cblr-2930	950	34	.	.	PUNCT
cblr-2930	951	1	the	the	DET
cblr-2930	951	2	answer	answer	NOUN
cblr-2930	951	3	is	be	AUX
cblr-2930	951	4	yes	yes	INTJ
cblr-2930	951	5	.	.	PUNCT
cblr-2930	952	1	when	when	SCONJ
cblr-2930	952	2	these	these	DET
cblr-2930	952	3	techniques	technique	NOUN
cblr-2930	952	4	prove	prove	VERB
cblr-2930	952	5	deleterious	deleterious	ADJ
cblr-2930	952	6	to	to	ADP
cblr-2930	952	7	stockholder	stockholder	NOUN
cblr-2930	952	8	voting	voting	NOUN
cblr-2930	952	9	,	,	PUNCT
cblr-2930	952	10	the	the	DET
cblr-2930	952	11	court	court	NOUN
cblr-2930	952	12	"	"	PUNCT
cblr-2930	952	13	can	can	AUX
cblr-2930	952	14	and	and	CCONJ
cblr-2930	952	15	should	should	AUX
cblr-2930	952	16	provide	provide	VERB
cblr-2930	952	17	a	a	DET
cblr-2930	952	18	remedy	remedy	NOUN
cblr-2930	952	19	.	.	PUNCT
cblr-2930	953	1	"65	"65	PROPN
cblr-2930	953	2	in	in	ADP
cblr-2930	953	3	the	the	DET
cblr-2930	953	4	case	case	NOUN
cblr-2930	953	5	at	at	ADP
cblr-2930	953	6	hand	hand	NOUN
cblr-2930	953	7	,	,	PUNCT
cblr-2930	953	8	the	the	DET
cblr-2930	953	9	court	court	NOUN
cblr-2930	953	10	found	find	VERB
cblr-2930	953	11	that	that	SCONJ
cblr-2930	953	12	the	the	DET
cblr-2930	953	13	voting	voting	NOUN
cblr-2930	953	14	buying	buying	NOUN
cblr-2930	953	15	was	be	AUX
cblr-2930	953	16	not	not	PART
cblr-2930	953	17	a	a	DET
cblr-2930	953	18	legal	legal	ADJ
cblr-2930	953	19	wrong	wrong	NOUN
cblr-2930	953	20	,	,	PUNCT
cblr-2930	953	21	because	because	SCONJ
cblr-2930	953	22	the	the	DET
cblr-2930	953	23	shareholder	shareholder	NOUN
cblr-2930	953	24	did	do	AUX
cblr-2930	953	25	not	not	PART
cblr-2930	953	26	have	have	VERB
cblr-2930	953	27	any	any	DET
cblr-2930	953	28	competing	compete	VERB
cblr-2930	953	29	economic	economic	ADJ
cblr-2930	953	30	or	or	CCONJ
cblr-2930	953	31	personal	personal	ADJ
cblr-2930	953	32	interests	interest	NOUN
cblr-2930	953	33	that	that	PRON
cblr-2930	953	34	might	might	AUX
cblr-2930	953	35	have	have	AUX
cblr-2930	953	36	created	create	VERB
cblr-2930	953	37	an	an	DET
cblr-2930	953	38	overall	overall	ADJ
cblr-2930	953	39	negative	negative	ADJ
cblr-2930	953	40	economic	economic	ADJ
cblr-2930	953	41	ownership	ownership	NOUN
cblr-2930	953	42	.	.	PUNCT
cblr-2930	953	43	'	'	PUNCT
cblr-2930	954	1	so	so	ADV
cblr-2930	954	2	again	again	ADV
cblr-2930	954	3	,	,	PUNCT
cblr-2930	954	4	it	it	PRON
cblr-2930	954	5	appears	appear	VERB
cblr-2930	954	6	that	that	SCONJ
cblr-2930	954	7	a	a	DET
cblr-2930	954	8	shareholder	shareholder	NOUN
cblr-2930	954	9	with	with	ADP
cblr-2930	954	10	superior	superior	ADJ
cblr-2930	954	11	information	information	NOUN
cblr-2930	954	12	who	who	PRON
cblr-2930	954	13	engages	engage	VERB
cblr-2930	954	14	in	in	ADP
cblr-2930	954	15	vote	vote	NOUN
cblr-2930	954	16	buying	buying	NOUN
cblr-2930	954	17	-	-	PUNCT
cblr-2930	954	18	this	this	DET
cblr-2930	954	19	time	time	NOUN
cblr-2930	954	20	,	,	PUNCT
cblr-2930	954	21	the	the	DET
cblr-2930	954	22	new	new	ADJ
cblr-2930	954	23	vote	vote	NOUN
cblr-2930	954	24	buying	buying	NOUN
cblr-2930	954	25	-	-	PUNCT
cblr-2930	954	26	to	to	PART
cblr-2930	954	27	ensure	ensure	VERB
cblr-2930	954	28	that	that	SCONJ
cblr-2930	954	29	1	1	X
cblr-2930	954	30	"	"	PUNCT
cblr-2930	954	31	see	see	VERB
cblr-2930	954	32	martin	martin	PROPN
cblr-2930	954	33	&	&	CCONJ
cblr-2930	954	34	partnoy	partnoy	ADJ
cblr-2930	954	35	,	,	PUNCT
cblr-2930	954	36	supra	supra	PROPN
cblr-2930	954	37	note	note	NOUN
cblr-2930	954	38	146	146	NUM
cblr-2930	954	39	,	,	PUNCT
cblr-2930	954	40	at	at	ADP
cblr-2930	954	41	810	810	NUM
cblr-2930	954	42	(	(	PUNCT
cblr-2930	954	43	noting	note	VERB
cblr-2930	954	44	that	that	SCONJ
cblr-2930	954	45	"	"	PUNCT
cblr-2930	954	46	[	[	X
cblr-2930	954	47	tihe	tihe	ADJ
cblr-2930	954	48	assumption	assumption	NOUN
cblr-2930	954	49	that	that	SCONJ
cblr-2930	954	50	arbitrageurs	arbitrageur	NOUN
cblr-2930	954	51	and	and	CCONJ
cblr-2930	954	52	other	other	ADJ
cblr-2930	954	53	shareholders	shareholder	NOUN
cblr-2930	954	54	share	share	VERB
cblr-2930	954	55	the	the	DET
cblr-2930	954	56	same	same	ADJ
cblr-2930	954	57	incentives	incentive	NOUN
cblr-2930	954	58	permits	permit	VERB
cblr-2930	954	59	arbitrageurs	arbitrageur	NOUN
cblr-2930	954	60	to	to	PART
cblr-2930	954	61	profit	profit	VERB
cblr-2930	954	62	by	by	ADP
cblr-2930	954	63	encouraging	encourage	VERB
cblr-2930	954	64	or	or	CCONJ
cblr-2930	954	65	advancing	advance	VERB
cblr-2930	954	66	suboptimal	suboptimal	ADJ
cblr-2930	954	67	economic	economic	ADJ
cblr-2930	954	68	arrangements	arrangement	NOUN
cblr-2930	954	69	that	that	PRON
cblr-2930	954	70	destroy	destroy	VERB
cblr-2930	954	71	the	the	DET
cblr-2930	954	72	value	value	NOUN
cblr-2930	954	73	of	of	ADP
cblr-2930	954	74	shares	share	NOUN
cblr-2930	954	75	"	"	PUNCT
cblr-2930	954	76	)	)	PUNCT
cblr-2930	954	77	;	;	PUNCT
cblr-2930	954	78	see	see	VERB
cblr-2930	954	79	also	also	ADV
cblr-2930	954	80	levmore	levmore	NOUN
cblr-2930	954	81	,	,	PUNCT
cblr-2930	954	82	supra	supra	PROPN
cblr-2930	954	83	note	note	PROPN
cblr-2930	954	84	17	17	NUM
cblr-2930	954	85	,	,	PUNCT
cblr-2930	954	86	at	at	ADP
cblr-2930	954	87	139	139	NUM
cblr-2930	954	88	(	(	PUNCT
cblr-2930	954	89	pointing	point	VERB
cblr-2930	954	90	at	at	ADP
cblr-2930	954	91	the	the	DET
cblr-2930	954	92	risk	risk	NOUN
cblr-2930	954	93	that	that	SCONJ
cblr-2930	954	94	shareholders	shareholder	NOUN
cblr-2930	954	95	sell	sell	VERB
cblr-2930	954	96	their	their	PRON
cblr-2930	954	97	votes	vote	NOUN
cblr-2930	954	98	too	too	ADV
cblr-2930	954	99	cheaply	cheaply	ADV
cblr-2930	954	100	in	in	ADP
cblr-2930	954	101	the	the	DET
cblr-2930	954	102	absence	absence	NOUN
cblr-2930	954	103	of	of	ADP
cblr-2930	954	104	competing	compete	VERB
cblr-2930	954	105	buyers	buyer	NOUN
cblr-2930	954	106	)	)	PUNCT
cblr-2930	954	107	.	.	PUNCT
cblr-2930	955	1	*	*	PUNCT
cblr-2930	955	2	kurz	kurz	PROPN
cblr-2930	955	3	v.	v.	PROPN
cblr-2930	955	4	holbrook	holbrook	PROPN
cblr-2930	955	5	,	,	PUNCT
cblr-2930	955	6	989	989	NUM
cblr-2930	955	7	a.2d	a.2d	SYM
cblr-2930	955	8	140	140	NUM
cblr-2930	955	9	,	,	PUNCT
cblr-2930	955	10	177	177	NUM
cblr-2930	955	11	(	(	PUNCT
cblr-2930	955	12	del	del	PROPN
cblr-2930	955	13	.	.	PROPN
cblr-2930	955	14	ch	ch	PROPN
cblr-2930	955	15	.	.	PROPN
cblr-2930	955	16	2010	2010	NUM
cblr-2930	955	17	)	)	PUNCT
cblr-2930	955	18	.	.	PUNCT
cblr-2930	956	1	the	the	DET
cblr-2930	956	2	same	same	ADJ
cblr-2930	956	3	principle	principle	NOUN
cblr-2930	956	4	presumably	presumably	ADV
cblr-2930	956	5	applies	apply	VERB
cblr-2930	956	6	in	in	ADP
cblr-2930	956	7	the	the	DET
cblr-2930	956	8	context	context	NOUN
cblr-2930	956	9	of	of	ADP
cblr-2930	956	10	bankruptcy	bankruptcy	NOUN
cblr-2930	956	11	,	,	PUNCT
cblr-2930	956	12	where	where	SCONJ
cblr-2930	956	13	the	the	DET
cblr-2930	956	14	new	new	ADJ
cblr-2930	956	15	vote	vote	NOUN
cblr-2930	956	16	buying	buying	NOUN
cblr-2930	956	17	enables	enable	VERB
cblr-2930	956	18	empty	empty	ADJ
cblr-2930	956	19	creditor	creditor	NOUN
cblr-2930	956	20	voting	voting	NOUN
cblr-2930	956	21	.	.	PUNCT
cblr-2930	957	1	see	see	VERB
cblr-2930	957	2	henry	henry	PROPN
cblr-2930	957	3	hu	hu	PROPN
cblr-2930	957	4	&	&	CCONJ
cblr-2930	957	5	bernard	bernard	PROPN
cblr-2930	957	6	black	black	PROPN
cblr-2930	957	7	,	,	PUNCT
cblr-2930	957	8	equity	equity	NOUN
cblr-2930	957	9	and	and	CCONJ
cblr-2930	957	10	debt	debt	NOUN
cblr-2930	957	11	decoupling	decoupling	NOUN
cblr-2930	957	12	and	and	CCONJ
cblr-2930	957	13	empty	empty	ADJ
cblr-2930	957	14	voting	voting	NOUN
cblr-2930	957	15	ii	ii	NOUN
cblr-2930	957	16	:	:	PUNCT
cblr-2930	957	17	importance	importance	NOUN
cblr-2930	957	18	and	and	CCONJ
cblr-2930	957	19	extensions	extension	NOUN
cblr-2930	957	20	,	,	PUNCT
cblr-2930	957	21	156	156	NUM
cblr-2930	957	22	u.	u.	PROPN
cblr-2930	957	23	pa	pa	PROPN
cblr-2930	957	24	.	.	PUNCT
cblr-2930	957	25	l.	l.	PROPN
cblr-2930	957	26	rev	rev	PROPN
cblr-2930	957	27	.	.	PROPN
cblr-2930	957	28	625	625	NUM
cblr-2930	957	29	,	,	PUNCT
cblr-2930	957	30	728	728	NUM
cblr-2930	957	31	(	(	PUNCT
cblr-2930	957	32	2008	2008	NUM
cblr-2930	957	33	)	)	PUNCT
cblr-2930	957	34	.	.	PUNCT
cblr-2930	958	1	a	a	DET
cblr-2930	958	2	creditor	creditor	NOUN
cblr-2930	958	3	may	may	AUX
cblr-2930	958	4	,	,	PUNCT
cblr-2930	958	5	for	for	ADP
cblr-2930	958	6	example	example	NOUN
cblr-2930	958	7	,	,	PUNCT
cblr-2930	958	8	hedge	hedge	VERB
cblr-2930	958	9	his	his	PRON
cblr-2930	958	10	financial	financial	ADJ
cblr-2930	958	11	exposure	exposure	NOUN
cblr-2930	958	12	through	through	ADP
cblr-2930	958	13	credit	credit	NOUN
cblr-2930	958	14	default	default	NOUN
cblr-2930	958	15	swaps	swap	NOUN
cblr-2930	958	16	.	.	PUNCT
cblr-2930	959	1	using	use	VERB
cblr-2930	959	2	the	the	DET
cblr-2930	959	3	same	same	ADJ
cblr-2930	959	4	logic	logic	NOUN
cblr-2930	959	5	as	as	SCONJ
cblr-2930	959	6	the	the	DET
cblr-2930	959	7	court	court	NOUN
cblr-2930	959	8	uses	use	VERB
cblr-2930	959	9	in	in	ADP
cblr-2930	959	10	in	in	ADP
cblr-2930	959	11	re	re	ADJ
cblr-2930	959	12	dbsd	dbsd	PROPN
cblr-2930	959	13	n.	n.	PROPN
cblr-2930	959	14	am	am	PROPN
cblr-2930	959	15	.	.	PROPN
cblr-2930	959	16	,	,	PUNCT
cblr-2930	959	17	inc	inc	PROPN
cblr-2930	959	18	.	.	PROPN
cblr-2930	959	19	,	,	PUNCT
cblr-2930	959	20	421	421	NUM
cblr-2930	959	21	b.r	b.r	PROPN
cblr-2930	959	22	.	.	PROPN
cblr-2930	959	23	133	133	NUM
cblr-2930	959	24	(	(	PUNCT
cblr-2930	959	25	bankr	bankr	PROPN
cblr-2930	959	26	.	.	PUNCT
cblr-2930	960	1	s.d.n.y	s.d.n.y	PROPN
cblr-2930	960	2	.	.	PROPN
cblr-2930	960	3	2009	2009	NUM
cblr-2930	960	4	)	)	PUNCT
cblr-2930	960	5	,	,	PUNCT
cblr-2930	960	6	affd	affd	PROPN
cblr-2930	960	7	,	,	PUNCT
cblr-2930	960	8	2010	2010	NUM
cblr-2930	960	9	wl	wl	X
cblr-2930	960	10	1223109	1223109	NUM
cblr-2930	960	11	(	(	PUNCT
cblr-2930	960	12	s.d.n.y	s.d.n.y	PROPN
cblr-2930	960	13	.	.	PUNCT
cblr-2930	961	1	mar	mar	PROPN
cblr-2930	961	2	.	.	PROPN
cblr-2930	961	3	24	24	NUM
cblr-2930	961	4	,	,	PUNCT
cblr-2930	961	5	2010	2010	NUM
cblr-2930	961	6	)	)	PUNCT
cblr-2930	962	1	,	,	PUNCT
cblr-2930	962	2	votes	vote	NOUN
cblr-2930	962	3	cast	cast	VERB
cblr-2930	962	4	by	by	ADP
cblr-2930	962	5	empty	empty	ADJ
cblr-2930	962	6	creditors	creditor	NOUN
cblr-2930	962	7	who	who	PRON
cblr-2930	962	8	vote	vote	VERB
cblr-2930	962	9	insincerely	insincerely	ADV
cblr-2930	962	10	risk	risk	NOUN
cblr-2930	962	11	being	be	AUX
cblr-2930	962	12	disregarded	disregard	VERB
cblr-2930	962	13	just	just	ADV
cblr-2930	962	14	like	like	ADP
cblr-2930	962	15	votes	vote	NOUN
cblr-2930	962	16	cast	cast	VERB
cblr-2930	962	17	by	by	ADP
cblr-2930	962	18	empty	empty	ADJ
cblr-2930	962	19	voters	voter	NOUN
cblr-2930	962	20	who	who	PRON
cblr-2930	962	21	vote	vote	VERB
cblr-2930	962	22	insincerely	insincerely	ADV
cblr-2930	962	23	.	.	PUNCT
cblr-2930	963	1	see	see	VERB
cblr-2930	963	2	patrick	patrick	PROPN
cblr-2930	963	3	d.	d.	PROPN
cblr-2930	963	4	fleming	fleming	PROPN
cblr-2930	963	5	,	,	PUNCT
cblr-2930	963	6	credit	credit	NOUN
cblr-2930	963	7	derivatives	derivative	NOUN
cblr-2930	963	8	can	can	AUX
cblr-2930	963	9	create	create	VERB
cblr-2930	963	10	a	a	DET
cblr-2930	963	11	financial	financial	ADJ
cblr-2930	963	12	incentive	incentive	NOUN
cblr-2930	963	13	for	for	SCONJ
cblr-2930	963	14	creditors	creditor	NOUN
cblr-2930	963	15	to	to	PART
cblr-2930	963	16	destroy	destroy	VERB
cblr-2930	963	17	a	a	DET
cblr-2930	963	18	chapter	chapter	NOUN
cblr-2930	963	19	11	11	NUM
cblr-2930	963	20	debtor	debtor	NOUN
cblr-2930	963	21	:	:	PUNCT
cblr-2930	963	22	section	section	NOUN
cblr-2930	963	23	1126(e	1126(e	NUM
cblr-2930	963	24	)	)	PUNCT
cblr-2930	963	25	and	and	CCONJ
cblr-2930	963	26	section	section	NOUN
cblr-2930	963	27	105(a	105(a	NUM
cblr-2930	963	28	)	)	PUNCT
cblr-2930	963	29	provide	provide	VERB
cblr-2930	963	30	a	a	DET
cblr-2930	963	31	solution	solution	NOUN
cblr-2930	963	32	,	,	PUNCT
cblr-2930	963	33	17	17	NUM
cblr-2930	963	34	am	am	NOUN
cblr-2930	963	35	.	.	PUNCT
cblr-2930	964	1	bankr	bankr	PROPN
cblr-2930	964	2	.	.	PUNCT
cblr-2930	965	1	inst	inst	PROPN
cblr-2930	965	2	.	.	PUNCT
cblr-2930	966	1	l.	l.	PROPN
cblr-2930	966	2	rev	rev	PROPN
cblr-2930	966	3	.	.	PROPN
cblr-2930	966	4	189	189	NUM
cblr-2930	966	5	,	,	PUNCT
cblr-2930	966	6	189	189	NUM
cblr-2930	966	7	(	(	PUNCT
cblr-2930	966	8	2009	2009	NUM
cblr-2930	966	9	)	)	PUNCT
cblr-2930	966	10	.	.	PUNCT
cblr-2930	967	1	1	1	NUM
cblr-2930	967	2	-	-	SYM
cblr-2930	967	3	6	6	NUM
cblr-2930	967	4	kurz	kurz	NOUN
cblr-2930	967	5	,	,	PUNCT
cblr-2930	967	6	989	989	NUM
cblr-2930	967	7	a.2d	a.2d	PUNCT
cblr-2930	967	8	at	at	ADP
cblr-2930	967	9	181	181	NUM
cblr-2930	967	10	(	(	PUNCT
cblr-2930	967	11	noting	note	VERB
cblr-2930	967	12	also	also	ADV
cblr-2930	967	13	that	that	SCONJ
cblr-2930	967	14	"	"	PUNCT
cblr-2930	967	15	kurz	kurz	PROPN
cblr-2930	967	16	's	's	PART
cblr-2930	967	17	only	only	ADJ
cblr-2930	967	18	interest	interest	NOUN
cblr-2930	967	19	lies	lie	VERB
cblr-2930	967	20	in	in	ADP
cblr-2930	967	21	how	how	SCONJ
cblr-2930	967	22	emak	emak	PROPN
cblr-2930	967	23	performs	perform	VERB
cblr-2930	967	24	"	"	PUNCT
cblr-2930	967	25	and	and	CCONJ
cblr-2930	967	26	that	that	SCONJ
cblr-2930	967	27	"	"	PUNCT
cblr-2930	967	28	kurz	kurz	NOUN
cblr-2930	967	29	has	have	VERB
cblr-2930	967	30	no	no	DET
cblr-2930	967	31	countervailing	countervail	VERB
cblr-2930	967	32	short	short	ADJ
cblr-2930	967	33	interest	interest	NOUN
cblr-2930	967	34	;	;	PUNCT
cblr-2930	967	35	he	he	PRON
cblr-2930	967	36	is	be	AUX
cblr-2930	967	37	overwhelmingly	overwhelmingly	ADV
cblr-2930	967	38	long	long	ADJ
cblr-2930	967	39	emaks	emak	NOUN
cblr-2930	967	40	stock	stock	NOUN
cblr-2930	967	41	"	"	PUNCT
cblr-2930	967	42	)	)	PUNCT
cblr-2930	967	43	.	.	PUNCT
cblr-2930	968	1	822	822	NUM
cblr-2930	969	1	[	[	X
cblr-2930	969	2	vol	vol	NOUN
cblr-2930	969	3	.	.	PUNCT
cblr-2930	969	4	2010	2010	NUM
cblr-2930	969	5	mechanisms	mechanism	NOUN
cblr-2930	969	6	of	of	ADP
cblr-2930	969	7	voting	voting	NOUN
cblr-2930	969	8	efficiency	efficiency	NOUN
cblr-2930	969	9	the	the	DET
cblr-2930	969	10	correct	correct	ADJ
cblr-2930	969	11	option	option	NOUN
cblr-2930	969	12	is	be	AUX
cblr-2930	969	13	chosen	choose	VERB
cblr-2930	969	14	might	might	AUX
cblr-2930	969	15	survive	survive	VERB
cblr-2930	969	16	judicial	judicial	ADJ
cblr-2930	969	17	scrutiny	scrutiny	NOUN
cblr-2930	969	18	,	,	PUNCT
cblr-2930	969	19	but	but	CCONJ
cblr-2930	969	20	still	still	ADV
cblr-2930	969	21	faces	face	VERB
cblr-2930	969	22	a	a	DET
cblr-2930	969	23	litigation	litigation	NOUN
cblr-2930	969	24	risk	risk	NOUN
cblr-2930	969	25	.	.	PUNCT
cblr-2930	970	1	contrary	contrary	ADJ
cblr-2930	970	2	to	to	ADP
cblr-2930	970	3	the	the	DET
cblr-2930	970	4	courts	court	NOUN
cblr-2930	970	5	,	,	PUNCT
cblr-2930	970	6	policymakers	policymaker	NOUN
cblr-2930	970	7	have	have	AUX
cblr-2930	970	8	been	be	AUX
cblr-2930	970	9	slow	slow	ADJ
cblr-2930	970	10	to	to	PART
cblr-2930	970	11	recognize	recognize	VERB
cblr-2930	970	12	that	that	SCONJ
cblr-2930	970	13	empty	empty	ADJ
cblr-2930	970	14	voting	voting	NOUN
cblr-2930	970	15	need	need	AUX
cblr-2930	970	16	not	not	PART
cblr-2930	970	17	be	be	AUX
cblr-2930	970	18	deleterious	deleterious	ADJ
cblr-2930	970	19	per	per	ADP
cblr-2930	970	20	se	se	X
cblr-2930	970	21	,	,	PUNCT
cblr-2930	970	22	resulting	result	VERB
cblr-2930	970	23	in	in	ADP
cblr-2930	970	24	additional	additional	ADJ
cblr-2930	970	25	legal	legal	ADJ
cblr-2930	970	26	constraints	constraint	NOUN
cblr-2930	970	27	.	.	PUNCT
cblr-2930	971	1	while	while	SCONJ
cblr-2930	971	2	ownership	ownership	NOUN
cblr-2930	971	3	disclosure	disclosure	NOUN
cblr-2930	971	4	rules	rule	NOUN
cblr-2930	971	5	have	have	AUX
cblr-2930	971	6	not	not	PART
cblr-2930	971	7	yet	yet	ADV
cblr-2930	971	8	been	be	AUX
cblr-2930	971	9	updated	update	VERB
cblr-2930	971	10	across	across	ADP
cblr-2930	971	11	the	the	DET
cblr-2930	971	12	board	board	NOUN
cblr-2930	971	13	,	,	PUNCT
cblr-2930	971	14	they	they	PRON
cblr-2930	971	15	have	have	AUX
cblr-2930	971	16	been	be	AUX
cblr-2930	971	17	in	in	ADP
cblr-2930	971	18	a	a	DET
cblr-2930	971	19	number	number	NOUN
cblr-2930	971	20	of	of	ADP
cblr-2930	971	21	jurisdictions	jurisdiction	NOUN
cblr-2930	971	22	and	and	CCONJ
cblr-2930	971	23	will	will	AUX
cblr-2930	971	24	soon	soon	ADV
cblr-2930	971	25	be	be	AUX
cblr-2930	971	26	in	in	ADP
cblr-2930	971	27	others.1	others.1	PROPN
cblr-2930	971	28	6	6	NUM
cblr-2930	971	29	7	7	NUM
cblr-2930	971	30	there	there	PRON
cblr-2930	971	31	are	be	VERB
cblr-2930	971	32	sound	sound	ADJ
cblr-2930	971	33	reasons	reason	NOUN
cblr-2930	971	34	to	to	PART
cblr-2930	971	35	do	do	VERB
cblr-2930	971	36	so	so	ADV
cblr-2930	971	37	,	,	PUNCT
cblr-2930	971	38	both	both	PRON
cblr-2930	971	39	from	from	ADP
cblr-2930	971	40	a	a	DET
cblr-2930	971	41	point	point	NOUN
cblr-2930	971	42	of	of	ADP
cblr-2930	971	43	view	view	NOUN
cblr-2930	971	44	of	of	ADP
cblr-2930	971	45	market	market	NOUN
cblr-2930	971	46	efficiency	efficiency	NOUN
cblr-2930	971	47	and	and	CCONJ
cblr-2930	971	48	of	of	ADP
cblr-2930	971	49	corporate	corporate	ADJ
cblr-2930	971	50	governance	governance	NOUN
cblr-2930	971	51	.	.	PUNCT
cblr-2930	971	52	'	'	PUNCT
cblr-2930	972	1	8	8	NUM
cblr-2930	972	2	indeed	indeed	ADV
cblr-2930	972	3	,	,	PUNCT
cblr-2930	972	4	the	the	DET
cblr-2930	972	5	benefits	benefit	NOUN
cblr-2930	972	6	of	of	ADP
cblr-2930	972	7	increased	increase	VERB
cblr-2930	972	8	transparency	transparency	NOUN
cblr-2930	972	9	may	may	AUX
cblr-2930	972	10	well	well	ADV
cblr-2930	972	11	outweigh	outweigh	VERB
cblr-2930	972	12	the	the	DET
cblr-2930	972	13	costs	cost	NOUN
cblr-2930	972	14	deriving	derive	VERB
cblr-2930	972	15	from	from	ADP
cblr-2930	972	16	imposing	impose	VERB
cblr-2930	972	17	legal	legal	ADJ
cblr-2930	972	18	constraints	constraint	NOUN
cblr-2930	972	19	on	on	ADP
cblr-2930	972	20	empty	empty	ADJ
cblr-2930	972	21	voting	voting	NOUN
cblr-2930	972	22	as	as	ADP
cblr-2930	972	23	an	an	DET
cblr-2930	972	24	arbitrage	arbitrage	NOUN
cblr-2930	972	25	mechanism	mechanism	NOUN
cblr-2930	972	26	.	.	PUNCT
cblr-2930	972	27	'	'	PUNCT
cblr-2930	973	1	in	in	ADP
cblr-2930	973	2	respect	respect	NOUN
cblr-2930	973	3	of	of	ADP
cblr-2930	973	4	further	far	ADV
cblr-2930	973	5	-	-	PUNCT
cblr-2930	973	6	reaching	reach	VERB
cblr-2930	973	7	measures	measure	NOUN
cblr-2930	973	8	aimed	aim	VERB
cblr-2930	973	9	at	at	ADP
cblr-2930	973	10	curbing	curb	VERB
cblr-2930	973	11	abuse	abuse	NOUN
cblr-2930	973	12	,	,	PUNCT
cblr-2930	973	13	however	however	ADV
cblr-2930	973	14	,	,	PUNCT
cblr-2930	973	15	the	the	DET
cblr-2930	973	16	cost	cost	NOUN
cblr-2930	973	17	-	-	PUNCT
cblr-2930	973	18	benefit	benefit	NOUN
cblr-2930	973	19	analysis	analysis	NOUN
cblr-2930	973	20	is	be	AUX
cblr-2930	973	21	ambiguous	ambiguous	ADJ
cblr-2930	973	22	.	.	PUNCT
cblr-2930	974	1	henry	henry	PROPN
cblr-2930	974	2	hu	hu	PROPN
cblr-2930	974	3	and	and	CCONJ
cblr-2930	974	4	bernard	bernard	PROPN
cblr-2930	974	5	black	black	PROPN
cblr-2930	974	6	propose	propose	VERB
cblr-2930	974	7	several	several	ADJ
cblr-2930	974	8	measures	measure	NOUN
cblr-2930	974	9	that	that	PRON
cblr-2930	974	10	would	would	AUX
cblr-2930	974	11	have	have	VERB
cblr-2930	974	12	the	the	DET
cblr-2930	974	13	effect	effect	NOUN
cblr-2930	974	14	of	of	ADP
cblr-2930	974	15	restricting	restrict	VERB
cblr-2930	974	16	not	not	PART
cblr-2930	974	17	only	only	ADV
cblr-2930	974	18	the	the	DET
cblr-2930	974	19	possibility	possibility	NOUN
cblr-2930	974	20	to	to	PART
cblr-2930	974	21	engage	engage	VERB
cblr-2930	974	22	in	in	ADP
cblr-2930	974	23	vote	vote	NOUN
cblr-2930	974	24	buying	buying	NOUN
cblr-2930	974	25	for	for	ADP
cblr-2930	974	26	abusive	abusive	ADJ
cblr-2930	974	27	purposes	purpose	NOUN
cblr-2930	974	28	,	,	PUNCT
cblr-2930	974	29	but	but	CCONJ
cblr-2930	974	30	also	also	ADV
cblr-2930	974	31	the	the	DET
cblr-2930	974	32	possibility	possibility	NOUN
cblr-2930	974	33	to	to	PART
cblr-2930	974	34	use	use	VERB
cblr-2930	974	35	vote	vote	NOUN
cblr-2930	974	36	buying	buying	NOUN
cblr-2930	974	37	as	as	ADP
cblr-2930	974	38	an	an	DET
cblr-2930	974	39	arbitrage	arbitrage	NOUN
cblr-2930	974	40	strategy	strategy	NOUN
cblr-2930	974	41	.	.	PUNCT
cblr-2930	974	42	"	"	PUNCT
cblr-2930	975	1	this	this	PRON
cblr-2930	975	2	suggests	suggest	VERB
cblr-2930	975	3	that	that	SCONJ
cblr-2930	975	4	even	even	ADV
cblr-2930	975	5	though	though	SCONJ
cblr-2930	975	6	they	they	PRON
cblr-2930	975	7	acknowledge	acknowledge	VERB
cblr-2930	975	8	that	that	SCONJ
cblr-2930	975	9	the	the	DET
cblr-2930	975	10	net	net	ADJ
cblr-2930	975	11	efficiency	efficiency	NOUN
cblr-2930	975	12	of	of	ADP
cblr-2930	975	13	the	the	DET
cblr-2930	975	14	new	new	ADJ
cblr-2930	975	15	vote	vote	NOUN
cblr-2930	975	16	buying	buying	NOUN
cblr-2930	975	17	is	be	AUX
cblr-2930	975	18	uncertain	uncertain	ADJ
cblr-2930	975	19	,	,	PUNCT
cblr-2930	975	20	they	they	PRON
cblr-2930	975	21	tend	tend	VERB
cblr-2930	975	22	to	to	PART
cblr-2930	975	23	focus	focus	VERB
cblr-2930	975	24	on	on	ADP
cblr-2930	975	25	the	the	DET
cblr-2930	975	26	risk	risk	NOUN
cblr-2930	975	27	that	that	SCONJ
cblr-2930	975	28	votes	vote	NOUN
cblr-2930	975	29	are	be	AUX
cblr-2930	975	30	bought	buy	VERB
cblr-2930	975	31	for	for	ADP
cblr-2930	975	32	abusive	abusive	ADJ
cblr-2930	975	33	purposes	purpose	NOUN
cblr-2930	975	34	.	.	PUNCT
cblr-2930	975	35	''	''	PUNCT
cblr-2930	976	1	however	however	ADV
cblr-2930	976	2	,	,	PUNCT
cblr-2930	976	3	it	it	PRON
cblr-2930	976	4	is	be	AUX
cblr-2930	976	5	far	far	ADV
cblr-2930	976	6	from	from	ADP
cblr-2930	976	7	clear	clear	ADJ
cblr-2930	976	8	from	from	ADP
cblr-2930	976	9	hu	hu	PROPN
cblr-2930	976	10	and	and	CCONJ
cblr-2930	976	11	black	black	NOUN
cblr-2930	976	12	's	's	PART
cblr-2930	976	13	overview	overview	NOUN
cblr-2930	976	14	of	of	ADP
cblr-2930	976	15	real	real	ADJ
cblr-2930	976	16	world	world	NOUN
cblr-2930	976	17	examples	example	NOUN
cblr-2930	976	18	that	that	SCONJ
cblr-2930	976	19	in	in	ADP
cblr-2930	976	20	those	those	DET
cblr-2930	976	21	cases	case	NOUN
cblr-2930	976	22	empty	empty	ADJ
cblr-2930	976	23	voting	voting	NOUN
cblr-2930	976	24	led	lead	VERB
cblr-2930	976	25	to	to	ADP
cblr-2930	976	26	an	an	DET
cblr-2930	976	27	inefficient	inefficient	ADJ
cblr-2930	976	28	outcome	outcome	NOUN
cblr-2930	976	29	,	,	PUNCT
cblr-2930	976	30	and	and	CCONJ
cblr-2930	976	31	indeed	indeed	ADV
cblr-2930	976	32	they	they	PRON
cblr-2930	976	33	make	make	VERB
cblr-2930	976	34	no	no	DET
cblr-2930	976	35	such	such	ADJ
cblr-2930	976	36	claim	claim	NOUN
cblr-2930	976	37	.	.	PUNCT
cblr-2930	977	1	so	so	ADV
cblr-2930	977	2	until	until	SCONJ
cblr-2930	977	3	the	the	DET
cblr-2930	977	4	contrary	contrary	NOUN
cblr-2930	977	5	is	be	AUX
cblr-2930	977	6	proven	prove	VERB
cblr-2930	977	7	,	,	PUNCT
cblr-2930	977	8	we	we	PRON
cblr-2930	977	9	must	must	AUX
cblr-2930	977	10	at	at	ADV
cblr-2930	977	11	least	least	ADJ
cblr-2930	977	12	be	be	AUX
cblr-2930	977	13	open	open	ADJ
cblr-2930	977	14	to	to	ADP
cblr-2930	977	15	the	the	DET
cblr-2930	977	16	possibility	possibility	NOUN
cblr-2930	977	17	that	that	SCONJ
cblr-2930	977	18	the	the	PRON
cblr-2930	977	19	.	.	PUNCT
cblr-2930	978	1	see	see	VERB
cblr-2930	978	2	generally	generally	ADV
cblr-2930	978	3	michael	michael	PROPN
cblr-2930	978	4	c.	c.	PROPN
cblr-2930	978	5	schouten	schouten	PROPN
cblr-2930	978	6	&	&	CCONJ
cblr-2930	978	7	mathias	mathias	PROPN
cblr-2930	978	8	m.	m.	PROPN
cblr-2930	978	9	siems	siems	PROPN
cblr-2930	978	10	,	,	PUNCT
cblr-2930	978	11	the	the	DET
cblr-2930	978	12	evolution	evolution	NOUN
cblr-2930	978	13	of	of	ADP
cblr-2930	978	14	ownership	ownership	NOUN
cblr-2930	978	15	disclosure	disclosure	NOUN
cblr-2930	978	16	rules	rule	NOUN
cblr-2930	978	17	across	across	ADP
cblr-2930	978	18	countries	country	NOUN
cblr-2930	978	19	,	,	PUNCT
cblr-2930	978	20	10	10	NUM
cblr-2930	978	21	j.	j.	PROPN
cblr-2930	978	22	corp	corp	PROPN
cblr-2930	978	23	.	.	PROPN
cblr-2930	978	24	l.	l.	PROPN
cblr-2930	978	25	stud	stud	PROPN
cblr-2930	978	26	.	.	PUNCT
cblr-2930	979	1	451	451	NUM
cblr-2930	979	2	(	(	PUNCT
cblr-2930	979	3	2010	2010	NUM
cblr-2930	979	4	)	)	PUNCT
cblr-2930	979	5	.	.	PUNCT
cblr-2930	980	1	'	'	PUNCT
cblr-2930	980	2	6	6	NUM
cblr-2930	980	3	see	see	VERB
cblr-2930	980	4	schouten	schouten	ADJ
cblr-2930	980	5	,	,	PUNCT
cblr-2930	980	6	supra	supra	PROPN
cblr-2930	980	7	note	note	PROPN
cblr-2930	980	8	88	88	NUM
cblr-2930	980	9	,	,	PUNCT
cblr-2930	980	10	at	at	ADP
cblr-2930	980	11	165	165	NUM
cblr-2930	980	12	-	-	SYM
cblr-2930	980	13	70	70	NUM
cblr-2930	980	14	.	.	PUNCT
cblr-2930	980	15	15	15	NUM
cblr-2930	980	16	see	see	VERB
cblr-2930	980	17	i	i	PROPN
cblr-2930	980	18	d.	d.	PROPN
cblr-2930	980	19	;	;	PUNCT
cblr-2930	980	20	see	see	VERB
cblr-2930	980	21	also	also	ADV
cblr-2930	980	22	infra	infra	VERB
cblr-2930	980	23	text	text	NOUN
cblr-2930	980	24	accompanying	accompanying	ADJ
cblr-2930	980	25	notes	note	NOUN
cblr-2930	980	26	169	169	NUM
cblr-2930	980	27	-	-	SYM
cblr-2930	980	28	170	170	NUM
cblr-2930	980	29	.	.	PUNCT
cblr-2930	980	30	160	160	NUM
cblr-2930	980	31	hu	hu	PROPN
cblr-2930	980	32	&	&	CCONJ
cblr-2930	980	33	black	black	PROPN
cblr-2930	980	34	,	,	PUNCT
cblr-2930	980	35	supra	supra	PROPN
cblr-2930	980	36	note	note	NOUN
cblr-2930	980	37	155	155	NUM
cblr-2930	980	38	,	,	PUNCT
cblr-2930	980	39	at	at	ADP
cblr-2930	980	40	697	697	NUM
cblr-2930	980	41	-	-	SYM
cblr-2930	980	42	98	98	NUM
cblr-2930	980	43	(	(	PUNCT
cblr-2930	980	44	proposing	propose	VERB
cblr-2930	980	45	,	,	PUNCT
cblr-2930	980	46	among	among	ADP
cblr-2930	980	47	other	other	ADJ
cblr-2930	980	48	things	thing	NOUN
cblr-2930	980	49	,	,	PUNCT
cblr-2930	980	50	to	to	PART
cblr-2930	980	51	permit	permit	VERB
cblr-2930	980	52	firms	firm	NOUN
cblr-2930	980	53	to	to	PART
cblr-2930	980	54	modify	modify	VERB
cblr-2930	980	55	their	their	PRON
cblr-2930	980	56	charters	charter	NOUN
cblr-2930	980	57	to	to	PART
cblr-2930	980	58	limit	limit	VERB
cblr-2930	980	59	voting	voting	NOUN
cblr-2930	980	60	rights	right	NOUN
cblr-2930	980	61	based	base	VERB
cblr-2930	980	62	on	on	ADP
cblr-2930	980	63	a	a	DET
cblr-2930	980	64	shareholder	shareholder	NOUN
cblr-2930	980	65	's	's	PART
cblr-2930	980	66	economic	economic	ADJ
cblr-2930	980	67	ownership	ownership	NOUN
cblr-2930	980	68	and	and	CCONJ
cblr-2930	980	69	that	that	SCONJ
cblr-2930	980	70	major	major	ADJ
cblr-2930	980	71	shareholders	shareholder	NOUN
cblr-2930	980	72	be	be	AUX
cblr-2930	980	73	required	require	VERB
cblr-2930	980	74	to	to	PART
cblr-2930	980	75	attest	attest	VERB
cblr-2930	980	76	when	when	SCONJ
cblr-2930	980	77	voting	vote	VERB
cblr-2930	980	78	that	that	SCONJ
cblr-2930	980	79	the	the	DET
cblr-2930	980	80	voted	vote	VERB
cblr-2930	980	81	shares	share	NOUN
cblr-2930	980	82	do	do	AUX
cblr-2930	980	83	not	not	PART
cblr-2930	980	84	exceed	exceed	VERB
cblr-2930	980	85	their	their	PRON
cblr-2930	980	86	economic	economic	ADJ
cblr-2930	980	87	ownership	ownership	NOUN
cblr-2930	980	88	by	by	ADP
cblr-2930	980	89	a	a	DET
cblr-2930	980	90	specified	specified	ADJ
cblr-2930	980	91	percentage	percentage	NOUN
cblr-2930	980	92	)	)	PUNCT
cblr-2930	980	93	.	.	PUNCT
cblr-2930	981	1	161	161	NUM
cblr-2930	981	2	see	see	VERB
cblr-2930	981	3	henry	henry	PROPN
cblr-2930	981	4	t.c	t.c	PROPN
cblr-2930	981	5	.	.	PROPN
cblr-2930	981	6	hu	hu	PROPN
cblr-2930	981	7	&	&	CCONJ
cblr-2930	981	8	bernard	bernard	PROPN
cblr-2930	981	9	black	black	PROPN
cblr-2930	981	10	,	,	PUNCT
cblr-2930	981	11	debt	debt	NOUN
cblr-2930	981	12	,	,	PUNCT
cblr-2930	981	13	equity	equity	NOUN
cblr-2930	981	14	,	,	PUNCT
cblr-2930	981	15	and	and	CCONJ
cblr-2930	981	16	hybrid	hybrid	ADJ
cblr-2930	981	17	decoupling	decoupling	NOUN
cblr-2930	981	18	:	:	PUNCT
cblr-2930	981	19	governance	governance	NOUN
cblr-2930	981	20	and	and	CCONJ
cblr-2930	981	21	systemic	systemic	ADJ
cblr-2930	981	22	risk	risk	NOUN
cblr-2930	981	23	implications	implication	NOUN
cblr-2930	981	24	,	,	PUNCT
cblr-2930	981	25	14	14	NUM
cblr-2930	981	26	eur	eur	NOUN
cblr-2930	981	27	.	.	PUNCT
cblr-2930	982	1	fin	fin	NOUN
cblr-2930	982	2	.	.	PUNCT
cblr-2930	983	1	mgmr	mgmr	PROPN
cblr-2930	983	2	.	.	PUNCT
cblr-2930	984	1	j.	j.	PROPN
cblr-2930	984	2	663	663	NUM
cblr-2930	984	3	,	,	PUNCT
cblr-2930	984	4	668	668	NUM
cblr-2930	984	5	(	(	PUNCT
cblr-2930	984	6	2008	2008	NUM
cblr-2930	984	7	)	)	PUNCT
cblr-2930	984	8	(	(	PUNCT
cblr-2930	984	9	noting	note	VERB
cblr-2930	984	10	that	that	SCONJ
cblr-2930	984	11	"	"	PUNCT
cblr-2930	984	12	[	[	X
cblr-2930	984	13	tihere	tihere	PRON
cblr-2930	984	14	are	be	VERB
cblr-2930	984	15	both	both	PRON
cblr-2930	984	16	proand	proand	ADJ
cblr-2930	984	17	anti	anti	ADJ
cblr-2930	984	18	-	-	ADJ
cblr-2930	984	19	efficiency	efficiency	ADJ
cblr-2930	984	20	arguments	argument	NOUN
cblr-2930	984	21	specific	specific	ADJ
cblr-2930	984	22	to	to	ADP
cblr-2930	984	23	empty	empty	ADJ
cblr-2930	984	24	voting	voting	NOUN
cblr-2930	984	25	"	"	PUNCT
cblr-2930	984	26	)	)	PUNCT
cblr-2930	984	27	.	.	PUNCT
cblr-2930	985	1	no	no	INTJ
cblr-2930	985	2	.	.	PUNCT
cblr-2930	986	1	3:763	3:763	NUM
cblr-2930	986	2	]	]	PUNCT
cblr-2930	986	3	823	823	NUM
cblr-2930	986	4	columbia	columbia	PROPN
cblr-2930	986	5	business	business	NOUN
cblr-2930	986	6	law	law	NOUN
cblr-2930	986	7	review	review	VERB
cblr-2930	986	8	new	new	ADJ
cblr-2930	986	9	vote	vote	NOUN
cblr-2930	986	10	buying	buying	NOUN
cblr-2930	986	11	is	be	AUX
cblr-2930	986	12	used	use	VERB
cblr-2930	986	13	more	more	ADV
cblr-2930	986	14	often	often	ADV
cblr-2930	986	15	for	for	ADP
cblr-2930	986	16	benign	benign	ADJ
cblr-2930	986	17	purposes	purpose	NOUN
cblr-2930	986	18	than	than	ADP
cblr-2930	986	19	for	for	ADP
cblr-2930	986	20	abusive	abusive	ADJ
cblr-2930	986	21	purposes	purpose	NOUN
cblr-2930	986	22	.	.	PUNCT
cblr-2930	987	1	at	at	ADP
cblr-2930	987	2	this	this	DET
cblr-2930	987	3	point	point	NOUN
cblr-2930	987	4	,	,	PUNCT
cblr-2930	987	5	it	it	PRON
cblr-2930	987	6	is	be	AUX
cblr-2930	987	7	useful	useful	ADJ
cblr-2930	987	8	to	to	PART
cblr-2930	987	9	revisit	revisit	VERB
cblr-2930	987	10	the	the	DET
cblr-2930	987	11	analogy	analogy	NOUN
cblr-2930	987	12	with	with	ADP
cblr-2930	987	13	short	short	ADJ
cblr-2930	987	14	selling	selling	NOUN
cblr-2930	987	15	.	.	PUNCT
cblr-2930	988	1	the	the	DET
cblr-2930	988	2	findings	finding	NOUN
cblr-2930	988	3	of	of	ADP
cblr-2930	988	4	a	a	DET
cblr-2930	988	5	recent	recent	ADJ
cblr-2930	988	6	study	study	NOUN
cblr-2930	988	7	on	on	ADP
cblr-2930	988	8	short	short	ADJ
cblr-2930	988	9	selling	selling	NOUN
cblr-2930	988	10	and	and	CCONJ
cblr-2930	988	11	the	the	DET
cblr-2930	988	12	news	news	NOUN
cblr-2930	988	13	suggest	suggest	VERB
cblr-2930	988	14	that	that	SCONJ
cblr-2930	988	15	traders	trader	NOUN
cblr-2930	988	16	who	who	PRON
cblr-2930	988	17	sell	sell	VERB
cblr-2930	988	18	short	short	ADJ
cblr-2930	988	19	and	and	CCONJ
cblr-2930	988	20	then	then	ADV
cblr-2930	988	21	spread	spread	VERB
cblr-2930	988	22	false	false	ADJ
cblr-2930	988	23	news	news	NOUN
cblr-2930	988	24	play	play	VERB
cblr-2930	988	25	a	a	DET
cblr-2930	988	26	significant	significant	ADJ
cblr-2930	988	27	role	role	NOUN
cblr-2930	988	28	.	.	PUNCT
cblr-2930	989	1	'62	'62	NOUN
cblr-2930	989	2	conceptually	conceptually	ADV
cblr-2930	989	3	,	,	PUNCT
cblr-2930	989	4	this	this	PRON
cblr-2930	989	5	is	be	AUX
cblr-2930	989	6	equivalent	equivalent	ADJ
cblr-2930	989	7	to	to	ADP
cblr-2930	989	8	shareholders	shareholder	NOUN
cblr-2930	989	9	who	who	PRON
cblr-2930	989	10	engage	engage	VERB
cblr-2930	989	11	in	in	ADP
cblr-2930	989	12	vote	vote	NOUN
cblr-2930	989	13	buying	buying	NOUN
cblr-2930	989	14	with	with	ADP
cblr-2930	989	15	the	the	DET
cblr-2930	989	16	purpose	purpose	NOUN
cblr-2930	989	17	of	of	ADP
cblr-2930	989	18	promoting	promote	VERB
cblr-2930	989	19	a	a	DET
cblr-2930	989	20	majority	majority	NOUN
cblr-2930	989	21	vote	vote	NOUN
cblr-2930	989	22	for	for	ADP
cblr-2930	989	23	the	the	DET
cblr-2930	989	24	option	option	NOUN
cblr-2930	989	25	that	that	PRON
cblr-2930	989	26	fails	fail	VERB
cblr-2930	989	27	to	to	PART
cblr-2930	989	28	maximize	maximize	VERB
cblr-2930	989	29	shareholder	shareholder	NOUN
cblr-2930	989	30	value	value	NOUN
cblr-2930	989	31	.	.	PUNCT
cblr-2930	990	1	in	in	ADP
cblr-2930	990	2	both	both	DET
cblr-2930	990	3	cases	case	NOUN
cblr-2930	990	4	,	,	PUNCT
cblr-2930	990	5	the	the	DET
cblr-2930	990	6	arbitrageur	arbitrageur	NOUN
cblr-2930	990	7	's	's	PART
cblr-2930	990	8	behavior	behavior	NOUN
cblr-2930	990	9	is	be	AUX
cblr-2930	990	10	not	not	PART
cblr-2930	990	11	driven	drive	VERB
cblr-2930	990	12	by	by	ADP
cblr-2930	990	13	the	the	DET
cblr-2930	990	14	possession	possession	NOUN
cblr-2930	990	15	of	of	ADP
cblr-2930	990	16	superior	superior	ADJ
cblr-2930	990	17	information	information	NOUN
cblr-2930	990	18	,	,	PUNCT
cblr-2930	990	19	and	and	CCONJ
cblr-2930	990	20	consequently	consequently	ADV
cblr-2930	990	21	his	his	PRON
cblr-2930	990	22	acts	act	NOUN
cblr-2930	990	23	will	will	AUX
cblr-2930	990	24	not	not	PART
cblr-2930	990	25	reduce	reduce	VERB
cblr-2930	990	26	information	information	NOUN
cblr-2930	990	27	asymmetry	asymmetry	NOUN
cblr-2930	990	28	.	.	PUNCT
cblr-2930	991	1	but	but	CCONJ
cblr-2930	991	2	the	the	DET
cblr-2930	991	3	findings	finding	NOUN
cblr-2930	991	4	of	of	ADP
cblr-2930	991	5	the	the	DET
cblr-2930	991	6	study	study	NOUN
cblr-2930	991	7	also	also	ADV
cblr-2930	991	8	suggest	suggest	VERB
cblr-2930	991	9	the	the	DET
cblr-2930	991	10	importance	importance	NOUN
cblr-2930	991	11	of	of	ADP
cblr-2930	991	12	traders	trader	NOUN
cblr-2930	991	13	who	who	PRON
cblr-2930	991	14	,	,	PUNCT
cblr-2930	991	15	by	by	ADP
cblr-2930	991	16	collecting	collect	VERB
cblr-2930	991	17	and	and	CCONJ
cblr-2930	991	18	analyzing	analyze	VERB
cblr-2930	991	19	publicly	publicly	ADV
cblr-2930	991	20	available	available	ADJ
cblr-2930	991	21	data	datum	NOUN
cblr-2930	991	22	,	,	PUNCT
cblr-2930	991	23	detect	detect	VERB
cblr-2930	991	24	that	that	SCONJ
cblr-2930	991	25	an	an	DET
cblr-2930	991	26	issuer	issuer	NOUN
cblr-2930	991	27	's	's	PART
cblr-2930	991	28	share	share	NOUN
cblr-2930	991	29	price	price	NOUN
cblr-2930	991	30	exceeds	exceed	VERB
cblr-2930	991	31	its	its	PRON
cblr-2930	991	32	fundamental	fundamental	ADJ
cblr-2930	991	33	value	value	NOUN
cblr-2930	991	34	,	,	PUNCT
cblr-2930	991	35	sell	sell	VERB
cblr-2930	991	36	short	short	ADJ
cblr-2930	991	37	,	,	PUNCT
cblr-2930	991	38	and	and	CCONJ
cblr-2930	991	39	then	then	ADV
cblr-2930	991	40	truthfully	truthfully	ADV
cblr-2930	991	41	spread	spread	VERB
cblr-2930	991	42	their	their	PRON
cblr-2930	991	43	conclusions	conclusion	NOUN
cblr-2930	991	44	.	.	PUNCT
cblr-2930	992	1	'63	'63	PROPN
cblr-2930	992	2	this	this	PRON
cblr-2930	992	3	is	be	AUX
cblr-2930	992	4	the	the	DET
cblr-2930	992	5	functional	functional	ADJ
cblr-2930	992	6	equivalent	equivalent	NOUN
cblr-2930	992	7	of	of	ADP
cblr-2930	992	8	shareholders	shareholder	NOUN
cblr-2930	992	9	who	who	PRON
cblr-2930	992	10	engage	engage	VERB
cblr-2930	992	11	in	in	ADP
cblr-2930	992	12	vote	vote	NOUN
cblr-2930	992	13	buying	buying	NOUN
cblr-2930	992	14	with	with	ADP
cblr-2930	992	15	the	the	DET
cblr-2930	992	16	purpose	purpose	NOUN
cblr-2930	992	17	of	of	ADP
cblr-2930	992	18	promoting	promote	VERB
cblr-2930	992	19	a	a	DET
cblr-2930	992	20	majority	majority	NOUN
cblr-2930	992	21	vote	vote	NOUN
cblr-2930	992	22	for	for	ADP
cblr-2930	992	23	the	the	DET
cblr-2930	992	24	option	option	NOUN
cblr-2930	992	25	that	that	PRON
cblr-2930	992	26	does	do	AUX
cblr-2930	992	27	maximize	maximize	VERB
cblr-2930	992	28	shareholder	shareholder	NOUN
cblr-2930	992	29	value	value	NOUN
cblr-2930	992	30	.	.	PUNCT
cblr-2930	993	1	in	in	ADP
cblr-2930	993	2	both	both	DET
cblr-2930	993	3	cases	case	NOUN
cblr-2930	993	4	,	,	PUNCT
cblr-2930	993	5	the	the	DET
cblr-2930	993	6	arbitrageur	arbitrageur	NOUN
cblr-2930	993	7	's	's	PART
cblr-2930	993	8	behavior	behavior	NOUN
cblr-2930	993	9	is	be	AUX
cblr-2930	993	10	driven	drive	VERB
cblr-2930	993	11	by	by	ADP
cblr-2930	993	12	the	the	DET
cblr-2930	993	13	possession	possession	NOUN
cblr-2930	993	14	of	of	ADP
cblr-2930	993	15	superior	superior	ADJ
cblr-2930	993	16	information	information	NOUN
cblr-2930	993	17	,	,	PUNCT
cblr-2930	993	18	and	and	CCONJ
cblr-2930	993	19	his	his	PRON
cblr-2930	993	20	acts	act	NOUN
cblr-2930	993	21	will	will	AUX
cblr-2930	993	22	reduce	reduce	VERB
cblr-2930	993	23	information	information	NOUN
cblr-2930	993	24	asymmetry	asymmetry	NOUN
cblr-2930	993	25	.	.	PUNCT
cblr-2930	994	1	while	while	SCONJ
cblr-2930	994	2	research	research	NOUN
cblr-2930	994	3	on	on	ADP
cblr-2930	994	4	short	short	ADJ
cblr-2930	994	5	selling	selling	NOUN
cblr-2930	994	6	and	and	CCONJ
cblr-2930	994	7	the	the	DET
cblr-2930	994	8	news	news	NOUN
cblr-2930	994	9	is	be	AUX
cblr-2930	994	10	still	still	ADV
cblr-2930	994	11	in	in	ADP
cblr-2930	994	12	an	an	DET
cblr-2930	994	13	early	early	ADJ
cblr-2930	994	14	stage	stage	NOUN
cblr-2930	994	15	,	,	PUNCT
cblr-2930	994	16	the	the	DET
cblr-2930	994	17	results	result	NOUN
cblr-2930	994	18	so	so	ADV
cblr-2930	994	19	far	far	ADV
cblr-2930	994	20	offer	offer	VERB
cblr-2930	994	21	no	no	DET
cblr-2930	994	22	reason	reason	NOUN
cblr-2930	994	23	to	to	PART
cblr-2930	994	24	assume	assume	VERB
cblr-2930	994	25	that	that	SCONJ
cblr-2930	994	26	short	short	ADJ
cblr-2930	994	27	sellers	seller	NOUN
cblr-2930	994	28	who	who	PRON
cblr-2930	994	29	spread	spread	VERB
cblr-2930	994	30	false	false	ADJ
cblr-2930	994	31	news	news	NOUN
cblr-2930	994	32	are	be	AUX
cblr-2930	994	33	more	more	ADV
cblr-2930	994	34	prevalent	prevalent	ADJ
cblr-2930	994	35	than	than	ADP
cblr-2930	994	36	short	short	ADJ
cblr-2930	994	37	sellers	seller	NOUN
cblr-2930	994	38	who	who	PRON
cblr-2930	994	39	spread	spread	VERB
cblr-2930	994	40	true	true	ADJ
cblr-2930	994	41	news	news	NOUN
cblr-2930	994	42	.	.	PUNCT
cblr-2930	994	43	"	"	PUNCT
cblr-2930	995	1	if	if	SCONJ
cblr-2930	995	2	there	there	PRON
cblr-2930	995	3	is	be	VERB
cblr-2930	995	4	no	no	DET
cblr-2930	995	5	reason	reason	NOUN
cblr-2930	995	6	to	to	PART
cblr-2930	995	7	assume	assume	VERB
cblr-2930	995	8	that	that	SCONJ
cblr-2930	995	9	there	there	PRON
cblr-2930	995	10	is	be	VERB
cblr-2930	995	11	more	more	ADV
cblr-2930	995	12	abusive	abusive	ADJ
cblr-2930	995	13	short	short	ADJ
cblr-2930	995	14	selling	selling	NOUN
cblr-2930	995	15	than	than	ADP
cblr-2930	995	16	beneficial	beneficial	ADJ
cblr-2930	995	17	short	short	ADJ
cblr-2930	995	18	selling	selling	NOUN
cblr-2930	995	19	,	,	PUNCT
cblr-2930	995	20	why	why	SCONJ
cblr-2930	995	21	should	should	AUX
cblr-2930	995	22	we	we	PRON
cblr-2930	995	23	assume	assume	VERB
cblr-2930	995	24	that	that	SCONJ
cblr-2930	995	25	there	there	PRON
cblr-2930	995	26	is	be	VERB
cblr-2930	995	27	more	more	ADV
cblr-2930	995	28	abusive	abusive	ADJ
cblr-2930	995	29	vote	vote	NOUN
cblr-2930	995	30	buying	buying	NOUN
cblr-2930	995	31	than	than	ADP
cblr-2930	995	32	beneficial	beneficial	ADJ
cblr-2930	995	33	vote	vote	NOUN
cblr-2930	995	34	buying	buying	NOUN
cblr-2930	995	35	?	?	PUNCT
cblr-2930	996	1	it	it	PRON
cblr-2930	996	2	's	be	AUX
cblr-2930	996	3	not	not	PART
cblr-2930	996	4	obvious	obvious	ADJ
cblr-2930	996	5	why	why	SCONJ
cblr-2930	996	6	we	we	PRON
cblr-2930	996	7	should	should	AUX
cblr-2930	996	8	,	,	PUNCT
cblr-2930	996	9	especially	especially	ADV
cblr-2930	996	10	since	since	SCONJ
cblr-2930	996	11	the	the	DET
cblr-2930	996	12	usual	usual	ADJ
cblr-2930	996	13	suspects	suspect	NOUN
cblr-2930	996	14	who	who	PRON
cblr-2930	996	15	engage	engage	VERB
cblr-2930	996	16	in	in	ADP
cblr-2930	996	17	short	short	ADJ
cblr-2930	996	18	selling	selling	NOUN
cblr-2930	996	19	,	,	PUNCT
cblr-2930	996	20	hedge	hedge	NOUN
cblr-2930	996	21	funds	fund	NOUN
cblr-2930	996	22	,	,	PUNCT
cblr-2930	996	23	are	be	AUX
cblr-2930	996	24	one	one	NUM
cblr-2930	996	25	162	162	NUM
cblr-2930	996	26	merritt	merritt	PROPN
cblr-2930	996	27	b.	b.	PROPN
cblr-2930	996	28	fox	fox	PROPN
cblr-2930	996	29	,	,	PUNCT
cblr-2930	996	30	lawrence	lawrence	PROPN
cblr-2930	996	31	r.	r.	PROPN
cblr-2930	996	32	glosten	glosten	PROPN
cblr-2930	996	33	&	&	CCONJ
cblr-2930	996	34	paul	paul	PROPN
cblr-2930	996	35	tetlock	tetlock	PROPN
cblr-2930	996	36	,	,	PUNCT
cblr-2930	996	37	short	short	ADJ
cblr-2930	996	38	selling	selling	NOUN
cblr-2930	996	39	and	and	CCONJ
cblr-2930	996	40	the	the	DET
cblr-2930	996	41	news	news	NOUN
cblr-2930	996	42	:	:	PUNCT
cblr-2930	996	43	a	a	DET
cblr-2930	996	44	preliminary	preliminary	ADJ
cblr-2930	996	45	report	report	NOUN
cblr-2930	996	46	on	on	ADP
cblr-2930	996	47	an	an	DET
cblr-2930	996	48	empirical	empirical	ADJ
cblr-2930	996	49	study	study	NOUN
cblr-2930	996	50	54	54	NUM
cblr-2930	996	51	-	-	SYM
cblr-2930	996	52	55	55	NUM
cblr-2930	996	53	(	(	PUNCT
cblr-2930	996	54	columbia	columbia	PROPN
cblr-2930	996	55	law	law	PROPN
cblr-2930	996	56	sch	sch	PROPN
cblr-2930	996	57	.	.	PROPN
cblr-2930	996	58	,	,	PUNCT
cblr-2930	996	59	working	work	VERB
cblr-2930	996	60	paper	paper	NOUN
cblr-2930	996	61	no	no	INTJ
cblr-2930	996	62	.	.	PROPN
cblr-2930	996	63	364	364	NUM
cblr-2930	996	64	,	,	PUNCT
cblr-2930	996	65	2010	2010	NUM
cblr-2930	996	66	)	)	PUNCT
cblr-2930	996	67	,	,	PUNCT
cblr-2930	996	68	available	available	ADJ
cblr-2930	996	69	at	at	ADP
cblr-2930	996	70	http://ssrn.com/abstract1543855	http://ssrn.com/abstract1543855	PROPN
cblr-2930	996	71	.	.	PUNCT
cblr-2930	997	1	a	a	DET
cblr-2930	997	2	i	i	PROPN
cblr-2930	997	3	d.	d.	PROPN
cblr-2930	997	4	at	at	ADP
cblr-2930	997	5	7	7	NUM
cblr-2930	997	6	,	,	PUNCT
cblr-2930	997	7	34	34	NUM
cblr-2930	997	8	-	-	SYM
cblr-2930	997	9	35	35	NUM
cblr-2930	997	10	.	.	PUNCT
cblr-2930	998	1	16	16	NUM
cblr-2930	999	1	i	i	PRON
cblr-2930	999	2	d.	d.	PROPN
cblr-2930	999	3	at	at	ADP
cblr-2930	999	4	57	57	NUM
cblr-2930	999	5	(	(	PUNCT
cblr-2930	999	6	noting	note	VERB
cblr-2930	999	7	the	the	DET
cblr-2930	999	8	current	current	ADJ
cblr-2930	999	9	absence	absence	NOUN
cblr-2930	999	10	of	of	ADP
cblr-2930	999	11	evidence	evidence	NOUN
cblr-2930	999	12	concerning	concern	VERB
cblr-2930	999	13	the	the	DET
cblr-2930	999	14	relative	relative	ADJ
cblr-2930	999	15	roles	role	NOUN
cblr-2930	999	16	of	of	ADP
cblr-2930	999	17	false	false	ADJ
cblr-2930	999	18	-	-	PUNCT
cblr-2930	999	19	news	news	NOUN
cblr-2930	999	20	-	-	PUNCT
cblr-2930	999	21	spreading	spread	VERB
cblr-2930	999	22	short	short	ADJ
cblr-2930	999	23	selling	selling	NOUN
cblr-2930	999	24	versus	versus	ADP
cblr-2930	999	25	true	true	ADJ
cblr-2930	999	26	-	-	PUNCT
cblr-2930	999	27	news	news	NOUN
cblr-2930	999	28	-	-	PUNCT
cblr-2930	999	29	spreading	spread	VERB
cblr-2930	999	30	short	short	ADJ
cblr-2930	999	31	selling	selling	NOUN
cblr-2930	999	32	)	)	PUNCT
cblr-2930	999	33	.	.	PUNCT
cblr-2930	1000	1	824	824	NUM
cblr-2930	1001	1	[	[	NOUN
cblr-2930	1001	2	vol	vol	NOUN
cblr-2930	1001	3	.	.	NOUN
cblr-2930	1002	1	20	20	NUM
cblr-2930	1002	2	10	10	NUM
cblr-2930	1002	3	and	and	CCONJ
cblr-2930	1002	4	the	the	DET
cblr-2930	1002	5	same	same	ADJ
cblr-2930	1002	6	as	as	ADP
cblr-2930	1002	7	those	those	PRON
cblr-2930	1002	8	who	who	PRON
cblr-2930	1002	9	are	be	AUX
cblr-2930	1002	10	usually	usually	ADV
cblr-2930	1002	11	suspected	suspect	VERB
cblr-2930	1002	12	of	of	ADP
cblr-2930	1002	13	engaging	engage	VERB
cblr-2930	1002	14	in	in	ADP
cblr-2930	1002	15	the	the	DET
cblr-2930	1002	16	new	new	ADJ
cblr-2930	1002	17	vote	vote	NOUN
cblr-2930	1002	18	buying	buying	NOUN
cblr-2930	1002	19	.	.	PUNCT
cblr-2930	1003	1	16	16	NUM
cblr-2930	1003	2	5	5	NUM
cblr-2930	1003	3	the	the	DET
cblr-2930	1003	4	sec	sec	PROPN
cblr-2930	1003	5	has	have	AUX
cblr-2930	1003	6	recently	recently	ADV
cblr-2930	1003	7	issued	issue	VERB
cblr-2930	1003	8	a	a	DET
cblr-2930	1003	9	draft	draft	NOUN
cblr-2930	1003	10	release	release	NOUN
cblr-2930	1003	11	through	through	ADP
cblr-2930	1003	12	which	which	PRON
cblr-2930	1003	13	it	it	PRON
cblr-2930	1003	14	seeks	seek	VERB
cblr-2930	1003	15	to	to	PART
cblr-2930	1003	16	obtain	obtain	VERB
cblr-2930	1003	17	insight	insight	NOUN
cblr-2930	1003	18	into	into	ADP
cblr-2930	1003	19	how	how	SCONJ
cblr-2930	1003	20	empty	empty	ADJ
cblr-2930	1003	21	voting	voting	NOUN
cblr-2930	1003	22	should	should	AUX
cblr-2930	1003	23	be	be	AUX
cblr-2930	1003	24	regulated	regulate	VERB
cblr-2930	1003	25	.	.	PUNCT
cblr-2930	1004	1	'66	'66	NUM
cblr-2930	1004	2	the	the	DET
cblr-2930	1004	3	preceding	precede	VERB
cblr-2930	1004	4	analysis	analysis	NOUN
cblr-2930	1004	5	suggests	suggest	VERB
cblr-2930	1004	6	that	that	SCONJ
cblr-2930	1004	7	,	,	PUNCT
cblr-2930	1004	8	because	because	SCONJ
cblr-2930	1004	9	empty	empty	ADJ
cblr-2930	1004	10	voting	voting	NOUN
cblr-2930	1004	11	can	can	AUX
cblr-2930	1004	12	be	be	AUX
cblr-2930	1004	13	used	use	VERB
cblr-2930	1004	14	for	for	ADP
cblr-2930	1004	15	both	both	CCONJ
cblr-2930	1004	16	beneficial	beneficial	ADJ
cblr-2930	1004	17	and	and	CCONJ
cblr-2930	1004	18	abusive	abusive	ADJ
cblr-2930	1004	19	purposes	purpose	NOUN
cblr-2930	1004	20	,	,	PUNCT
cblr-2930	1004	21	it	it	PRON
cblr-2930	1004	22	generally	generally	ADV
cblr-2930	1004	23	makes	make	VERB
cblr-2930	1004	24	sense	sense	NOUN
cblr-2930	1004	25	to	to	PART
cblr-2930	1004	26	battle	battle	VERB
cblr-2930	1004	27	abusive	abusive	ADJ
cblr-2930	1004	28	empty	empty	ADJ
cblr-2930	1004	29	voting	voting	NOUN
cblr-2930	1004	30	through	through	ADP
cblr-2930	1004	31	narrow	narrow	ADJ
cblr-2930	1005	1	ex	ex	PRON
cblr-2930	1005	2	post	post	NOUN
cblr-2930	1005	3	rules	rule	NOUN
cblr-2930	1005	4	rather	rather	ADV
cblr-2930	1005	5	than	than	ADP
cblr-2930	1005	6	through	through	ADP
cblr-2930	1005	7	broad	broad	ADJ
cblr-2930	1005	8	ex	ex	X
cblr-2930	1005	9	ante	ante	NOUN
cblr-2930	1005	10	prohibitions	prohibition	NOUN
cblr-2930	1005	11	of	of	ADP
cblr-2930	1005	12	empty	empty	ADJ
cblr-2930	1005	13	voting	voting	NOUN
cblr-2930	1005	14	.	.	PUNCT
cblr-2930	1006	1	this	this	DET
cblr-2930	1006	2	observation	observation	NOUN
cblr-2930	1006	3	completes	complete	VERB
cblr-2930	1006	4	the	the	DET
cblr-2930	1006	5	analogy	analogy	NOUN
cblr-2930	1006	6	with	with	ADP
cblr-2930	1006	7	short	short	ADJ
cblr-2930	1006	8	selling	selling	NOUN
cblr-2930	1006	9	.	.	PUNCT
cblr-2930	1007	1	finance	finance	NOUN
cblr-2930	1007	2	scholars	scholar	NOUN
cblr-2930	1007	3	are	be	AUX
cblr-2930	1007	4	near	near	ADV
cblr-2930	1007	5	unanimous	unanimous	ADJ
cblr-2930	1007	6	in	in	ADP
cblr-2930	1007	7	their	their	PRON
cblr-2930	1007	8	disapproval	disapproval	NOUN
cblr-2930	1007	9	of	of	ADP
cblr-2930	1007	10	short	short	ADJ
cblr-2930	1007	11	selling	selling	NOUN
cblr-2930	1007	12	bans	ban	NOUN
cblr-2930	1007	13	,	,	PUNCT
cblr-2930	1007	14	citing	cite	VERB
cblr-2930	1007	15	the	the	DET
cblr-2930	1007	16	unintended	unintended	ADJ
cblr-2930	1007	17	consequence	consequence	NOUN
cblr-2930	1007	18	of	of	ADP
cblr-2930	1007	19	disabling	disable	VERB
cblr-2930	1007	20	the	the	DET
cblr-2930	1007	21	salutary	salutary	ADJ
cblr-2930	1007	22	effect	effect	NOUN
cblr-2930	1007	23	of	of	ADP
cblr-2930	1007	24	short	short	ADJ
cblr-2930	1007	25	sales	sale	NOUN
cblr-2930	1007	26	increasing	increase	VERB
cblr-2930	1007	27	information	information	NOUN
cblr-2930	1007	28	efficiency.16	efficiency.16	PROPN
cblr-2930	1007	29	'	'	PUNCT
cblr-2930	1007	30	the	the	DET
cblr-2930	1007	31	new	new	ADJ
cblr-2930	1007	32	vote	vote	NOUN
cblr-2930	1007	33	buying	buying	NOUN
cblr-2930	1007	34	should	should	AUX
cblr-2930	1007	35	also	also	ADV
cblr-2930	1007	36	not	not	PART
cblr-2930	1007	37	be	be	AUX
cblr-2930	1007	38	illegal	illegal	ADJ
cblr-2930	1007	39	per	per	ADP
cblr-2930	1007	40	se	se	X
cblr-2930	1007	41	.	.	PUNCT
cblr-2930	1008	1	rather	rather	ADV
cblr-2930	1008	2	,	,	PUNCT
cblr-2930	1008	3	if	if	SCONJ
cblr-2930	1008	4	it	it	PRON
cblr-2930	1008	5	is	be	AUX
cblr-2930	1008	6	established	establish	VERB
cblr-2930	1008	7	after	after	ADP
cblr-2930	1008	8	the	the	DET
cblr-2930	1008	9	fact	fact	NOUN
cblr-2930	1008	10	1	1	NUM
cblr-2930	1008	11	a	a	DET
cblr-2930	1008	12	recent	recent	ADJ
cblr-2930	1008	13	theoretical	theoretical	ADJ
cblr-2930	1008	14	study	study	NOUN
cblr-2930	1008	15	on	on	ADP
cblr-2930	1008	16	empty	empty	ADJ
cblr-2930	1008	17	voting	voting	NOUN
cblr-2930	1008	18	by	by	ADP
cblr-2930	1008	19	alon	alon	PROPN
cblr-2930	1008	20	bray	bray	PROPN
cblr-2930	1008	21	and	and	CCONJ
cblr-2930	1008	22	richmond	richmond	PROPN
cblr-2930	1008	23	mathews	mathews	PROPN
cblr-2930	1008	24	also	also	ADV
cblr-2930	1008	25	suggests	suggest	VERB
cblr-2930	1008	26	that	that	SCONJ
cblr-2930	1008	27	we	we	PRON
cblr-2930	1008	28	should	should	AUX
cblr-2930	1008	29	focus	focus	VERB
cblr-2930	1008	30	not	not	PART
cblr-2930	1008	31	only	only	ADV
cblr-2930	1008	32	on	on	ADP
cblr-2930	1008	33	abusive	abusive	ADJ
cblr-2930	1008	34	vote	vote	NOUN
cblr-2930	1008	35	buying	buying	NOUN
cblr-2930	1008	36	but	but	CCONJ
cblr-2930	1008	37	also	also	ADV
cblr-2930	1008	38	-	-	PUNCT
cblr-2930	1008	39	and	and	CCONJ
cblr-2930	1008	40	perhaps	perhaps	ADV
cblr-2930	1008	41	especially	especially	ADV
cblr-2930	1008	42	-	-	PUNCT
cblr-2930	1008	43	on	on	ADP
cblr-2930	1008	44	beneficial	beneficial	ADJ
cblr-2930	1008	45	vote	vote	NOUN
cblr-2930	1008	46	buying	buying	NOUN
cblr-2930	1008	47	.	.	PUNCT
cblr-2930	1009	1	alon	alon	PROPN
cblr-2930	1009	2	bray	bray	PROPN
cblr-2930	1009	3	&	&	CCONJ
cblr-2930	1009	4	richmond	richmond	PROPN
cblr-2930	1009	5	d.	d.	PROPN
cblr-2930	1009	6	mathews	mathews	PROPN
cblr-2930	1009	7	,	,	PUNCT
cblr-2930	1009	8	empty	empty	ADJ
cblr-2930	1009	9	voting	voting	NOUN
cblr-2930	1009	10	and	and	CCONJ
cblr-2930	1009	11	the	the	DET
cblr-2930	1009	12	efficiency	efficiency	NOUN
cblr-2930	1009	13	of	of	ADP
cblr-2930	1009	14	corporate	corporate	ADJ
cblr-2930	1009	15	governance	governance	NOUN
cblr-2930	1009	16	(	(	PUNCT
cblr-2930	1009	17	feb	feb	PROPN
cblr-2930	1009	18	.	.	PROPN
cblr-2930	1009	19	3	3	NUM
cblr-2930	1009	20	2010	2010	NUM
cblr-2930	1009	21	)	)	PUNCT
cblr-2930	1009	22	(	(	PUNCT
cblr-2930	1009	23	unpublished	unpublished	ADJ
cblr-2930	1009	24	manuscript	manuscript	NOUN
cblr-2930	1009	25	)	)	PUNCT
cblr-2930	1009	26	,	,	PUNCT
cblr-2930	1009	27	available	available	ADJ
cblr-2930	1009	28	at	at	ADP
cblr-2930	1009	29	http	http	ADV
cblr-2930	1009	30	/	/	SYM
cblr-2930	1009	31	ssrn.com	ssrn.com	X
cblr-2930	1009	32	/	/	SYM
cblr-2930	1009	33	abstract-1108632	abstract-1108632	NOUN
cblr-2930	1009	34	.	.	PUNCT
cblr-2930	1010	1	their	their	PRON
cblr-2930	1010	2	model	model	NOUN
cblr-2930	1010	3	is	be	AUX
cblr-2930	1010	4	heavily	heavily	ADV
cblr-2930	1010	5	stylized	stylize	VERB
cblr-2930	1010	6	,	,	PUNCT
cblr-2930	1010	7	but	but	CCONJ
cblr-2930	1010	8	the	the	DET
cblr-2930	1010	9	finding	finding	NOUN
cblr-2930	1010	10	that	that	SCONJ
cblr-2930	1010	11	trading	trading	NOUN
cblr-2930	1010	12	between	between	ADP
cblr-2930	1010	13	record	record	NOUN
cblr-2930	1010	14	and	and	CCONJ
cblr-2930	1010	15	voting	voting	NOUN
cblr-2930	1010	16	dates	date	NOUN
cblr-2930	1010	17	can	can	AUX
cblr-2930	1010	18	improve	improve	VERB
cblr-2930	1010	19	efficiency	efficiency	NOUN
cblr-2930	1010	20	despite	despite	SCONJ
cblr-2930	1010	21	the	the	DET
cblr-2930	1010	22	fact	fact	NOUN
cblr-2930	1010	23	that	that	SCONJ
cblr-2930	1010	24	traders	trader	NOUN
cblr-2930	1010	25	sometimes	sometimes	ADV
cblr-2930	1010	26	end	end	VERB
cblr-2930	1010	27	up	up	ADP
cblr-2930	1010	28	selling	sell	VERB
cblr-2930	1010	29	short	short	ADJ
cblr-2930	1010	30	and	and	CCONJ
cblr-2930	1010	31	then	then	ADV
cblr-2930	1010	32	vote	vote	VERB
cblr-2930	1010	33	to	to	PART
cblr-2930	1010	34	decrease	decrease	VERB
cblr-2930	1010	35	firm	firm	ADJ
cblr-2930	1010	36	value	value	NOUN
cblr-2930	1010	37	is	be	AUX
cblr-2930	1010	38	broadly	broadly	ADV
cblr-2930	1010	39	consistent	consistent	ADJ
cblr-2930	1010	40	with	with	ADP
cblr-2930	1010	41	the	the	DET
cblr-2930	1010	42	above	above	ADJ
cblr-2930	1010	43	evidence	evidence	NOUN
cblr-2930	1010	44	suggesting	suggest	VERB
cblr-2930	1010	45	that	that	SCONJ
cblr-2930	1010	46	short	short	ADJ
cblr-2930	1010	47	selling	selling	NOUN
cblr-2930	1010	48	can	can	AUX
cblr-2930	1010	49	improve	improve	VERB
cblr-2930	1010	50	efficiency	efficiency	NOUN
cblr-2930	1010	51	despite	despite	SCONJ
cblr-2930	1010	52	the	the	DET
cblr-2930	1010	53	fact	fact	NOUN
cblr-2930	1010	54	that	that	SCONJ
cblr-2930	1010	55	apparently	apparently	ADV
cblr-2930	1010	56	short	short	ADJ
cblr-2930	1010	57	sellers	seller	NOUN
cblr-2930	1010	58	sometimes	sometimes	ADV
cblr-2930	1010	59	sell	sell	VERB
cblr-2930	1010	60	short	short	ADJ
cblr-2930	1010	61	and	and	CCONJ
cblr-2930	1010	62	then	then	ADV
cblr-2930	1010	63	spread	spread	VERB
cblr-2930	1010	64	false	false	ADJ
cblr-2930	1010	65	news	news	NOUN
cblr-2930	1010	66	to	to	PART
cblr-2930	1010	67	decrease	decrease	VERB
cblr-2930	1010	68	firm	firm	ADJ
cblr-2930	1010	69	value	value	NOUN
cblr-2930	1010	70	.	.	PUNCT
cblr-2930	1011	1	bray	bray	PROPN
cblr-2930	1011	2	and	and	CCONJ
cblr-2930	1011	3	mathews	mathews	PROPN
cblr-2930	1011	4	correctly	correctly	ADV
cblr-2930	1011	5	observe	observe	VERB
cblr-2930	1011	6	that	that	SCONJ
cblr-2930	1011	7	there	there	PRON
cblr-2930	1011	8	is	be	VERB
cblr-2930	1011	9	a	a	DET
cblr-2930	1011	10	"	"	PUNCT
cblr-2930	1011	11	trade	trade	NOUN
cblr-2930	1011	12	off	off	ADP
cblr-2930	1011	13	between	between	ADP
cblr-2930	1011	14	increased	increase	VERB
cblr-2930	1011	15	information	information	NOUN
cblr-2930	1011	16	efficiency	efficiency	NOUN
cblr-2930	1011	17	and	and	CCONJ
cblr-2930	1011	18	the	the	DET
cblr-2930	1011	19	cost	cost	NOUN
cblr-2930	1011	20	of	of	ADP
cblr-2930	1011	21	possible	possible	ADJ
cblr-2930	1011	22	manipulations	manipulation	NOUN
cblr-2930	1011	23	via	via	ADP
cblr-2930	1011	24	empty	empty	ADJ
cblr-2930	1011	25	voting	voting	NOUN
cblr-2930	1011	26	,	,	PUNCT
cblr-2930	1011	27	"	"	PUNCT
cblr-2930	1011	28	and	and	CCONJ
cblr-2930	1011	29	absent	absent	ADJ
cblr-2930	1011	30	systematic	systematic	ADJ
cblr-2930	1011	31	evidence	evidence	NOUN
cblr-2930	1011	32	to	to	ADP
cblr-2930	1011	33	the	the	DET
cblr-2930	1011	34	contrary	contrary	NOUN
cblr-2930	1011	35	there	there	PRON
cblr-2930	1011	36	is	be	VERB
cblr-2930	1011	37	no	no	DET
cblr-2930	1011	38	reason	reason	NOUN
cblr-2930	1011	39	to	to	PART
cblr-2930	1011	40	believe	believe	VERB
cblr-2930	1011	41	that	that	SCONJ
cblr-2930	1011	42	the	the	DET
cblr-2930	1011	43	costs	cost	NOUN
cblr-2930	1011	44	of	of	ADP
cblr-2930	1011	45	possible	possible	ADJ
cblr-2930	1011	46	manipulations	manipulation	NOUN
cblr-2930	1011	47	via	via	ADP
cblr-2930	1011	48	empty	empty	ADJ
cblr-2930	1011	49	voting	voting	NOUN
cblr-2930	1011	50	exceed	exceed	VERB
cblr-2930	1011	51	the	the	DET
cblr-2930	1011	52	benefits	benefit	NOUN
cblr-2930	1011	53	from	from	ADP
cblr-2930	1011	54	increased	increase	VERB
cblr-2930	1011	55	information	information	NOUN
cblr-2930	1011	56	efficiency	efficiency	NOUN
cblr-2930	1011	57	.	.	PUNCT
cblr-2930	1012	1	i	i	PRON
cblr-2930	1012	2	d.	d.	PROPN
cblr-2930	1012	3	at	at	ADP
cblr-2930	1012	4	2	2	NUM
cblr-2930	1012	5	.	.	PUNCT
cblr-2930	1012	6	see	see	VERB
cblr-2930	1012	7	also	also	ADV
cblr-2930	1012	8	patrick	patrick	PROPN
cblr-2930	1012	9	bolton	bolton	PROPN
cblr-2930	1012	10	&	&	CCONJ
cblr-2930	1012	11	martin	martin	PROPN
cblr-2930	1012	12	oehmke	oehmke	PROPN
cblr-2930	1012	13	,	,	PUNCT
cblr-2930	1012	14	credit	credit	NOUN
cblr-2930	1012	15	default	default	NOUN
cblr-2930	1012	16	swaps	swap	NOUN
cblr-2930	1012	17	and	and	CCONJ
cblr-2930	1012	18	the	the	DET
cblr-2930	1012	19	empty	empty	ADJ
cblr-2930	1012	20	creditor	creditor	NOUN
cblr-2930	1012	21	problem	problem	NOUN
cblr-2930	1012	22	(	(	PUNCT
cblr-2930	1012	23	nat	nat	PROPN
cblr-2930	1012	24	?	?	PUNCT
cblr-2930	1013	1	bureau	bureau	PROPN
cblr-2930	1013	2	of	of	ADP
cblr-2930	1013	3	econ	econ	PROPN
cblr-2930	1013	4	.	.	PUNCT
cblr-2930	1014	1	research	research	PROPN
cblr-2930	1014	2	,	,	PUNCT
cblr-2930	1014	3	working	work	VERB
cblr-2930	1014	4	paper	paper	NOUN
cblr-2930	1014	5	no	no	NOUN
cblr-2930	1014	6	.	.	PROPN
cblr-2930	1014	7	15999	15999	NUM
cblr-2930	1014	8	,	,	PUNCT
cblr-2930	1014	9	2010	2010	NUM
cblr-2930	1014	10	)	)	PUNCT
cblr-2930	1014	11	,	,	PUNCT
cblr-2930	1014	12	available	available	ADJ
cblr-2930	1014	13	at	at	ADP
cblr-2930	1014	14	http//ssrn.com	http//ssrn.com	X
cblr-2930	1014	15	/	/	SYM
cblr-2930	1014	16	abstract-1570165	abstract-1570165	ADJ
cblr-2930	1014	17	(	(	PUNCT
cblr-2930	1014	18	developing	develop	VERB
cblr-2930	1014	19	a	a	DET
cblr-2930	1014	20	theoretical	theoretical	ADJ
cblr-2930	1014	21	model	model	NOUN
cblr-2930	1014	22	which	which	PRON
cblr-2930	1014	23	takes	take	VERB
cblr-2930	1014	24	into	into	ADP
cblr-2930	1014	25	account	account	NOUN
cblr-2930	1014	26	both	both	DET
cblr-2930	1014	27	the	the	DET
cblr-2930	1014	28	fact	fact	NOUN
cblr-2930	1014	29	that	that	SCONJ
cblr-2930	1014	30	credit	credit	NOUN
cblr-2930	1014	31	default	default	NOUN
cblr-2930	1014	32	swaps	swap	NOUN
cblr-2930	1014	33	can	can	AUX
cblr-2930	1014	34	enhance	enhance	VERB
cblr-2930	1014	35	welfare	welfare	NOUN
cblr-2930	1014	36	by	by	ADP
cblr-2930	1014	37	strengthening	strengthen	VERB
cblr-2930	1014	38	the	the	DET
cblr-2930	1014	39	bargaining	bargaining	NOUN
cblr-2930	1014	40	position	position	NOUN
cblr-2930	1014	41	of	of	ADP
cblr-2930	1014	42	creditors	creditor	NOUN
cblr-2930	1014	43	,	,	PUNCT
cblr-2930	1014	44	thereby	thereby	ADV
cblr-2930	1014	45	helping	help	VERB
cblr-2930	1014	46	to	to	PART
cblr-2930	1014	47	reduce	reduce	VERB
cblr-2930	1014	48	the	the	DET
cblr-2930	1014	49	incidence	incidence	NOUN
cblr-2930	1014	50	of	of	ADP
cblr-2930	1014	51	strategic	strategic	ADJ
cblr-2930	1014	52	default	default	NOUN
cblr-2930	1014	53	,	,	PUNCT
cblr-2930	1014	54	and	and	CCONJ
cblr-2930	1014	55	the	the	DET
cblr-2930	1014	56	fact	fact	NOUN
cblr-2930	1014	57	that	that	SCONJ
cblr-2930	1014	58	credit	credit	NOUN
cblr-2930	1014	59	default	default	NOUN
cblr-2930	1014	60	swaps	swap	NOUN
cblr-2930	1014	61	can	can	AUX
cblr-2930	1014	62	result	result	VERB
cblr-2930	1014	63	in	in	ADP
cblr-2930	1014	64	inefficiencies	inefficiency	NOUN
cblr-2930	1014	65	as	as	ADP
cblr-2930	1014	66	a	a	DET
cblr-2930	1014	67	result	result	NOUN
cblr-2930	1014	68	of	of	ADP
cblr-2930	1014	69	creditors	creditor	NOUN
cblr-2930	1014	70	overinsuring	overinsure	VERB
cblr-2930	1014	71	and	and	CCONJ
cblr-2930	1014	72	becoming	become	VERB
cblr-2930	1014	73	unwilling	unwilling	ADJ
cblr-2930	1014	74	to	to	PART
cblr-2930	1014	75	renegotiate	renegotiate	VERB
cblr-2930	1014	76	with	with	ADP
cblr-2930	1014	77	the	the	DET
cblr-2930	1014	78	firm	firm	NOUN
cblr-2930	1014	79	after	after	ADP
cblr-2930	1014	80	a	a	DET
cblr-2930	1014	81	liquidity	liquidity	NOUN
cblr-2930	1014	82	default	default	NOUN
cblr-2930	1014	83	)	)	PUNCT
cblr-2930	1014	84	.	.	PUNCT
cblr-2930	1014	85	'	'	PUNCT
cblr-2930	1015	1	concept	concept	NOUN
cblr-2930	1015	2	release	release	NOUN
cblr-2930	1015	3	of	of	ADP
cblr-2930	1015	4	the	the	DET
cblr-2930	1015	5	u.s	u.s	PROPN
cblr-2930	1015	6	.	.	PROPN
cblr-2930	1015	7	proxy	proxy	ADJ
cblr-2930	1015	8	system	system	NOUN
cblr-2930	1015	9	,	,	PUNCT
cblr-2930	1015	10	exchange	exchange	NOUN
cblr-2930	1015	11	act	act	NOUN
cblr-2930	1015	12	release	release	VERB
cblr-2930	1015	13	no	no	NOUN
cblr-2930	1015	14	.	.	NOUN
cblr-2930	1015	15	34	34	NUM
cblr-2930	1015	16	-	-	SYM
cblr-2930	1015	17	62495	62495	NUM
cblr-2930	1015	18	(	(	PUNCT
cblr-2930	1015	19	file	file	VERB
cblr-2930	1015	20	no	no	INTJ
cblr-2930	1015	21	.	.	PUNCT
cblr-2930	1016	1	s7	s7	NOUN
cblr-2930	1016	2	-	-	PUNCT
cblr-2930	1016	3	14	14	NUM
cblr-2930	1016	4	-	-	SYM
cblr-2930	1016	5	10	10	NUM
cblr-2930	1016	6	)	)	PUNCT
cblr-2930	1016	7	,	,	PUNCT
cblr-2930	1016	8	146	146	NUM
cblr-2930	1016	9	-	-	SYM
cblr-2930	1016	10	50	50	NUM
cblr-2930	1016	11	(	(	PUNCT
cblr-2930	1016	12	july	july	PROPN
cblr-2930	1016	13	14	14	NUM
cblr-2930	1016	14	,	,	PUNCT
cblr-2930	1016	15	2010	2010	NUM
cblr-2930	1016	16	)	)	PUNCT
cblr-2930	1016	17	.	.	PUNCT
cblr-2930	1017	1	"	"	PUNCT
cblr-2930	1017	2	'	'	PUNCT
cblr-2930	1017	3	see	see	VERB
cblr-2930	1017	4	supra	supra	PROPN
cblr-2930	1017	5	note	note	PROPN
cblr-2930	1017	6	150	150	NUM
cblr-2930	1017	7	.	.	PUNCT
cblr-2930	1017	8	825no	825no	NOUN
cblr-2930	1017	9	.	.	PUNCT
cblr-2930	1018	1	3:763	3:763	NUM
cblr-2930	1018	2	]	]	PUNCT
cblr-2930	1018	3	mjechanisms	mjechanism	NOUN
cblr-2930	1018	4	of	of	ADP
cblr-2930	1018	5	voting	voting	NOUN
cblr-2930	1018	6	efficiency	efficiency	NOUN
cblr-2930	1018	7	columbia	columbia	PROPN
cblr-2930	1018	8	business	business	PROPN
cblr-2930	1018	9	law	law	PROPN
cblr-2930	1018	10	review	review	VERB
cblr-2930	1018	11	that	that	SCONJ
cblr-2930	1018	12	a	a	DET
cblr-2930	1018	13	shareholder	shareholder	NOUN
cblr-2930	1018	14	engaged	engage	VERB
cblr-2930	1018	15	in	in	ADP
cblr-2930	1018	16	empty	empty	ADJ
cblr-2930	1018	17	voting	voting	NOUN
cblr-2930	1018	18	not	not	PART
cblr-2930	1018	19	to	to	PART
cblr-2930	1018	20	leverage	leverage	VERB
cblr-2930	1018	21	superior	superior	ADJ
cblr-2930	1018	22	information	information	NOUN
cblr-2930	1018	23	but	but	CCONJ
cblr-2930	1018	24	to	to	PART
cblr-2930	1018	25	further	further	VERB
cblr-2930	1018	26	his	his	PRON
cblr-2930	1018	27	private	private	ADJ
cblr-2930	1018	28	interests	interest	NOUN
cblr-2930	1018	29	by	by	ADP
cblr-2930	1018	30	profiting	profit	VERB
cblr-2930	1018	31	from	from	ADP
cblr-2930	1018	32	a	a	DET
cblr-2930	1018	33	majority	majority	NOUN
cblr-2930	1018	34	decision	decision	NOUN
cblr-2930	1018	35	that	that	PRON
cblr-2930	1018	36	fails	fail	VERB
cblr-2930	1018	37	to	to	PART
cblr-2930	1018	38	maximize	maximize	VERB
cblr-2930	1018	39	shareholder	shareholder	NOUN
cblr-2930	1018	40	value	value	NOUN
cblr-2930	1018	41	,	,	PUNCT
cblr-2930	1018	42	courts	court	NOUN
cblr-2930	1018	43	should	should	AUX
cblr-2930	1018	44	intervene	intervene	VERB
cblr-2930	1018	45	,	,	PUNCT
cblr-2930	1018	46	just	just	ADV
cblr-2930	1018	47	as	as	SCONJ
cblr-2930	1018	48	regulators	regulator	NOUN
cblr-2930	1018	49	will	will	AUX
cblr-2930	1018	50	intervene	intervene	VERB
cblr-2930	1018	51	if	if	SCONJ
cblr-2930	1018	52	it	it	PRON
cblr-2930	1018	53	is	be	AUX
cblr-2930	1018	54	established	establish	VERB
cblr-2930	1018	55	after	after	ADP
cblr-2930	1018	56	the	the	DET
cblr-2930	1018	57	fact	fact	NOUN
cblr-2930	1018	58	that	that	SCONJ
cblr-2930	1018	59	a	a	DET
cblr-2930	1018	60	trader	trader	NOUN
cblr-2930	1018	61	engaged	engage	VERB
cblr-2930	1018	62	in	in	ADP
cblr-2930	1018	63	short	short	ADJ
cblr-2930	1018	64	selling	selling	NOUN
cblr-2930	1018	65	not	not	PART
cblr-2930	1018	66	to	to	PART
cblr-2930	1018	67	leverage	leverage	VERB
cblr-2930	1018	68	superior	superior	ADJ
cblr-2930	1018	69	information	information	NOUN
cblr-2930	1018	70	but	but	CCONJ
cblr-2930	1018	71	to	to	PART
cblr-2930	1018	72	further	further	VERB
cblr-2930	1018	73	his	his	PRON
cblr-2930	1018	74	private	private	ADJ
cblr-2930	1018	75	interests	interest	NOUN
cblr-2930	1018	76	by	by	ADP
cblr-2930	1018	77	profiting	profit	VERB
cblr-2930	1018	78	from	from	ADP
cblr-2930	1018	79	the	the	DET
cblr-2930	1018	80	market	market	NOUN
cblr-2930	1018	81	's	's	PART
cblr-2930	1018	82	response	response	NOUN
cblr-2930	1018	83	to	to	ADP
cblr-2930	1018	84	false	false	ADJ
cblr-2930	1018	85	news	news	NOUN
cblr-2930	1018	86	.	.	PUNCT
cblr-2930	1019	1	"'8	"'8	PUNCT
cblr-2930	1019	2	to	to	PART
cblr-2930	1019	3	enable	enable	VERB
cblr-2930	1019	4	ex	ex	PRON
cblr-2930	1019	5	post	post	NOUN
cblr-2930	1019	6	scrutiny	scrutiny	NOUN
cblr-2930	1019	7	,	,	PUNCT
cblr-2930	1019	8	transparency	transparency	NOUN
cblr-2930	1019	9	is	be	AUX
cblr-2930	1019	10	key	key	ADJ
cblr-2930	1019	11	.	.	PUNCT
cblr-2930	1020	1	to	to	PART
cblr-2930	1020	2	begin	begin	VERB
cblr-2930	1020	3	,	,	PUNCT
cblr-2930	1020	4	a	a	DET
cblr-2930	1020	5	disclosure	disclosure	NOUN
cblr-2930	1020	6	obligation	obligation	NOUN
cblr-2930	1020	7	discourages	discourage	VERB
cblr-2930	1020	8	empty	empty	ADJ
cblr-2930	1020	9	voting	voting	NOUN
cblr-2930	1020	10	driven	drive	VERB
cblr-2930	1020	11	by	by	ADP
cblr-2930	1020	12	insincere	insincere	ADJ
cblr-2930	1020	13	motives	motive	NOUN
cblr-2930	1020	14	by	by	ADP
cblr-2930	1020	15	increasing	increase	VERB
cblr-2930	1020	16	the	the	DET
cblr-2930	1020	17	risk	risk	NOUN
cblr-2930	1020	18	of	of	ADP
cblr-2930	1020	19	detection	detection	NOUN
cblr-2930	1020	20	.	.	PUNCT
cblr-2930	1021	1	moreover	moreover	ADV
cblr-2930	1021	2	,	,	PUNCT
cblr-2930	1021	3	disclosure	disclosure	NOUN
cblr-2930	1021	4	enables	enable	VERB
cblr-2930	1021	5	the	the	DET
cblr-2930	1021	6	market	market	NOUN
cblr-2930	1021	7	and	and	CCONJ
cblr-2930	1021	8	the	the	DET
cblr-2930	1021	9	firm	firm	NOUN
cblr-2930	1021	10	to	to	PART
cblr-2930	1021	11	detect	detect	VERB
cblr-2930	1021	12	actual	actual	ADJ
cblr-2930	1021	13	abuse	abuse	NOUN
cblr-2930	1021	14	and	and	CCONJ
cblr-2930	1021	15	commence	commence	NOUN
cblr-2930	1021	16	litigation	litigation	NOUN
cblr-2930	1021	17	if	if	SCONJ
cblr-2930	1021	18	need	need	NOUN
cblr-2930	1021	19	be	be	AUX
cblr-2930	1021	20	.	.	PUNCT
cblr-2930	1021	21	'69	'69	X
cblr-2930	1021	22	in	in	ADP
cblr-2930	1021	23	securities	security	NOUN
cblr-2930	1021	24	markets	market	NOUN
cblr-2930	1021	25	,	,	PUNCT
cblr-2930	1021	26	to	to	PART
cblr-2930	1021	27	enable	enable	VERB
cblr-2930	1021	28	detection	detection	NOUN
cblr-2930	1021	29	of	of	ADP
cblr-2930	1021	30	abusive	abusive	ADJ
cblr-2930	1021	31	short	short	ADJ
cblr-2930	1021	32	selling	selling	NOUN
cblr-2930	1021	33	it	it	PRON
cblr-2930	1021	34	suffices	suffice	VERB
cblr-2930	1021	35	to	to	PART
cblr-2930	1021	36	require	require	VERB
cblr-2930	1021	37	disclosure	disclosure	NOUN
cblr-2930	1021	38	to	to	ADP
cblr-2930	1021	39	the	the	DET
cblr-2930	1021	40	regulator	regulator	NOUN
cblr-2930	1021	41	only	only	ADV
cblr-2930	1021	42	.	.	PUNCT
cblr-2930	1022	1	this	this	DET
cblr-2930	1022	2	way	way	NOUN
cblr-2930	1022	3	,	,	PUNCT
cblr-2930	1022	4	the	the	DET
cblr-2930	1022	5	profit	profit	NOUN
cblr-2930	1022	6	potential	potential	NOUN
cblr-2930	1022	7	from	from	ADP
cblr-2930	1022	8	short	short	ADJ
cblr-2930	1022	9	selling	selling	NOUN
cblr-2930	1022	10	is	be	AUX
cblr-2930	1022	11	not	not	PART
cblr-2930	1022	12	unduly	unduly	ADV
cblr-2930	1022	13	restricted	restrict	VERB
cblr-2930	1022	14	and	and	CCONJ
cblr-2930	1022	15	incentives	incentive	NOUN
cblr-2930	1022	16	to	to	PART
cblr-2930	1022	17	search	search	VERB
cblr-2930	1022	18	for	for	ADP
cblr-2930	1022	19	fundamental	fundamental	ADJ
cblr-2930	1022	20	information	information	NOUN
cblr-2930	1022	21	are	be	AUX
cblr-2930	1022	22	preserved	preserve	VERB
cblr-2930	1022	23	.	.	PUNCT
cblr-2930	1023	1	but	but	CCONJ
cblr-2930	1023	2	notice	notice	VERB
cblr-2930	1023	3	that	that	SCONJ
cblr-2930	1023	4	in	in	ADP
cblr-2930	1023	5	principle	principle	NOUN
cblr-2930	1023	6	,	,	PUNCT
cblr-2930	1023	7	a	a	DET
cblr-2930	1023	8	shareholder	shareholder	NOUN
cblr-2930	1023	9	who	who	PRON
cblr-2930	1023	10	engages	engage	VERB
cblr-2930	1023	11	in	in	ADP
cblr-2930	1023	12	empty	empty	ADJ
cblr-2930	1023	13	voting	voting	NOUN
cblr-2930	1023	14	with	with	ADP
cblr-2930	1023	15	sincere	sincere	ADJ
cblr-2930	1023	16	purposes	purpose	NOUN
cblr-2930	1023	17	need	need	AUX
cblr-2930	1023	18	n't	not	PART
cblr-2930	1023	19	be	be	AUX
cblr-2930	1023	20	reluctant	reluctant	ADJ
cblr-2930	1023	21	to	to	PART
cblr-2930	1023	22	disclose	disclose	VERB
cblr-2930	1023	23	his	his	PRON
cblr-2930	1023	24	increased	increase	VERB
cblr-2930	1023	25	voting	voting	NOUN
cblr-2930	1023	26	power	power	NOUN
cblr-2930	1023	27	to	to	ADP
cblr-2930	1023	28	the	the	DET
cblr-2930	1023	29	market	market	NOUN
cblr-2930	1023	30	.	.	PUNCT
cblr-2930	1024	1	on	on	ADP
cblr-2930	1024	2	the	the	DET
cblr-2930	1024	3	contrary	contrary	NOUN
cblr-2930	1024	4	,	,	PUNCT
cblr-2930	1024	5	if	if	SCONJ
cblr-2930	1024	6	such	such	ADJ
cblr-2930	1024	7	shareholder	shareholder	NOUN
cblr-2930	1024	8	holds	hold	VERB
cblr-2930	1024	9	a	a	DET
cblr-2930	1024	10	significant	significant	ADJ
cblr-2930	1024	11	economic	economic	ADJ
cblr-2930	1024	12	stake	stake	NOUN
cblr-2930	1024	13	,	,	PUNCT
cblr-2930	1024	14	public	public	ADJ
cblr-2930	1024	15	disclosure	disclosure	NOUN
cblr-2930	1024	16	sends	send	VERB
cblr-2930	1024	17	a	a	DET
cblr-2930	1024	18	credible	credible	ADJ
cblr-2930	1024	19	signal	signal	NOUN
cblr-2930	1024	20	to	to	ADP
cblr-2930	1024	21	other	other	ADJ
cblr-2930	1024	22	shareholders	shareholder	NOUN
cblr-2930	1024	23	that	that	SCONJ
cblr-2930	1024	24	the	the	DET
cblr-2930	1024	25	shareholder	shareholder	NOUN
cblr-2930	1024	26	has	have	AUX
cblr-2930	1024	27	superior	superior	ADJ
cblr-2930	1024	28	information	information	NOUN
cblr-2930	1024	29	and	and	CCONJ
cblr-2930	1024	30	thus	thus	ADV
cblr-2930	1024	31	offers	offer	VERB
cblr-2930	1024	32	a	a	DET
cblr-2930	1024	33	means	means	NOUN
cblr-2930	1024	34	to	to	PART
cblr-2930	1024	35	further	further	ADJ
cblr-2930	1024	36	leverage	leverage	VERB
cblr-2930	1024	37	that	that	DET
cblr-2930	1024	38	information	information	NOUN
cblr-2930	1024	39	.	.	PUNCT
cblr-2930	1025	1	in	in	ADP
cblr-2930	1025	2	this	this	DET
cblr-2930	1025	3	sense	sense	NOUN
cblr-2930	1025	4	,	,	PUNCT
cblr-2930	1025	5	disclosure	disclosure	NOUN
cblr-2930	1025	6	of	of	ADP
cblr-2930	1025	7	empty	empty	ADJ
cblr-2930	1025	8	"	"	PUNCT
cblr-2930	1025	9	see	see	VERB
cblr-2930	1025	10	also	also	ADV
cblr-2930	1025	11	thompson	thompson	PROPN
cblr-2930	1025	12	&	&	CCONJ
cblr-2930	1025	13	edelman	edelman	NOUN
cblr-2930	1025	14	,	,	PUNCT
cblr-2930	1025	15	supra	supra	PROPN
cblr-2930	1025	16	note	note	PROPN
cblr-2930	1025	17	17	17	NUM
cblr-2930	1025	18	,	,	PUNCT
cblr-2930	1025	19	at	at	ADP
cblr-2930	1025	20	165	165	NUM
cblr-2930	1025	21	-	-	SYM
cblr-2930	1025	22	66	66	NUM
cblr-2930	1025	23	(	(	PUNCT
cblr-2930	1025	24	advocating	advocate	VERB
cblr-2930	1025	25	judicial	judicial	ADJ
cblr-2930	1025	26	review	review	NOUN
cblr-2930	1025	27	of	of	ADP
cblr-2930	1025	28	empty	empty	ADJ
cblr-2930	1025	29	voting	voting	NOUN
cblr-2930	1025	30	to	to	PART
cblr-2930	1025	31	safeguard	safeguard	VERB
cblr-2930	1025	32	the	the	DET
cblr-2930	1025	33	principle	principle	NOUN
cblr-2930	1025	34	that	that	SCONJ
cblr-2930	1025	35	voting	voting	NOUN
cblr-2930	1025	36	requires	require	VERB
cblr-2930	1025	37	a	a	DET
cblr-2930	1025	38	basic	basic	ADJ
cblr-2930	1025	39	alignment	alignment	NOUN
cblr-2930	1025	40	with	with	ADP
cblr-2930	1025	41	the	the	DET
cblr-2930	1025	42	collective	collective	ADJ
cblr-2930	1025	43	interest	interest	NOUN
cblr-2930	1025	44	)	)	PUNCT
cblr-2930	1025	45	;	;	PUNCT
cblr-2930	1026	1	kobayashi	kobayashi	PROPN
cblr-2930	1026	2	&	&	CCONJ
cblr-2930	1026	3	ribstein	ribstein	PROPN
cblr-2930	1026	4	,	,	PUNCT
cblr-2930	1026	5	supra	supra	PROPN
cblr-2930	1026	6	note	note	VERB
cblr-2930	1026	7	146	146	NUM
cblr-2930	1026	8	,	,	PUNCT
cblr-2930	1026	9	at	at	ADP
cblr-2930	1026	10	45	45	NUM
cblr-2930	1026	11	(	(	PUNCT
cblr-2930	1026	12	doubting	doubt	VERB
cblr-2930	1026	13	the	the	DET
cblr-2930	1026	14	efficiency	efficiency	NOUN
cblr-2930	1026	15	of	of	ADP
cblr-2930	1026	16	broad	broad	ADJ
cblr-2930	1026	17	substantive	substantive	ADJ
cblr-2930	1026	18	regulation	regulation	NOUN
cblr-2930	1026	19	of	of	ADP
cblr-2930	1026	20	vote	vote	NOUN
cblr-2930	1026	21	buying	buying	NOUN
cblr-2930	1026	22	because	because	SCONJ
cblr-2930	1026	23	vote	vote	NOUN
cblr-2930	1026	24	buyers	buyer	NOUN
cblr-2930	1026	25	may	may	AUX
cblr-2930	1026	26	have	have	VERB
cblr-2930	1026	27	interests	interest	NOUN
cblr-2930	1026	28	consistent	consistent	ADJ
cblr-2930	1026	29	with	with	ADP
cblr-2930	1026	30	those	those	PRON
cblr-2930	1026	31	of	of	ADP
cblr-2930	1026	32	other	other	ADJ
cblr-2930	1026	33	shareholders	shareholder	NOUN
cblr-2930	1026	34	)	)	PUNCT
cblr-2930	1026	35	.	.	PUNCT
cblr-2930	1027	1	169	169	NUM
cblr-2930	1027	2	see	see	VERB
cblr-2930	1027	3	hu	hu	PROPN
cblr-2930	1027	4	&	&	CCONJ
cblr-2930	1027	5	black	black	PROPN
cblr-2930	1027	6	,	,	PUNCT
cblr-2930	1027	7	supra	supra	PROPN
cblr-2930	1027	8	note	note	NOUN
cblr-2930	1027	9	146	146	NUM
cblr-2930	1027	10	,	,	PUNCT
cblr-2930	1027	11	at	at	ADP
cblr-2930	1027	12	864	864	NUM
cblr-2930	1027	13	;	;	PUNCT
cblr-2930	1027	14	marcel	marcel	PROPN
cblr-2930	1027	15	kahan	kahan	PROPN
cblr-2930	1027	16	&	&	CCONJ
cblr-2930	1027	17	edward	edward	PROPN
cblr-2930	1027	18	b.	b.	PROPN
cblr-2930	1027	19	rock	rock	PROPN
cblr-2930	1027	20	,	,	PUNCT
cblr-2930	1027	21	hedge	hedge	NOUN
cblr-2930	1027	22	funds	fund	NOUN
cblr-2930	1027	23	in	in	ADP
cblr-2930	1027	24	corporate	corporate	ADJ
cblr-2930	1027	25	governance	governance	NOUN
cblr-2930	1027	26	and	and	CCONJ
cblr-2930	1027	27	corporate	corporate	ADJ
cblr-2930	1027	28	control	control	NOUN
cblr-2930	1027	29	,	,	PUNCT
cblr-2930	1027	30	155	155	NUM
cblr-2930	1027	31	u.	u.	PROPN
cblr-2930	1027	32	pa	pa	PROPN
cblr-2930	1027	33	.	.	PUNCT
cblr-2930	1027	34	l.	l.	PROPN
cblr-2930	1027	35	rev	rev	PROPN
cblr-2930	1027	36	.	.	PROPN
cblr-2930	1027	37	1021	1021	NUM
cblr-2930	1027	38	,	,	PUNCT
cblr-2930	1027	39	1077	1077	NUM
cblr-2930	1027	40	(	(	PUNCT
cblr-2930	1027	41	2007	2007	NUM
cblr-2930	1027	42	)	)	PUNCT
cblr-2930	1027	43	;	;	PUNCT
cblr-2930	1027	44	thompson	thompson	PROPN
cblr-2930	1027	45	&	&	CCONJ
cblr-2930	1027	46	edelman	edelman	PROPN
cblr-2930	1027	47	,	,	PUNCT
cblr-2930	1027	48	supra	supra	PROPN
cblr-2930	1027	49	note	note	PROPN
cblr-2930	1027	50	17	17	NUM
cblr-2930	1027	51	,	,	PUNCT
cblr-2930	1027	52	at	at	ADP
cblr-2930	1027	53	156	156	NUM
cblr-2930	1027	54	;	;	PUNCT
cblr-2930	1027	55	schouten	schouten	ADJ
cblr-2930	1027	56	,	,	PUNCT
cblr-2930	1027	57	supra	supra	PROPN
cblr-2930	1027	58	note	note	PROPN
cblr-2930	1027	59	88	88	NUM
cblr-2930	1027	60	,	,	PUNCT
cblr-2930	1027	61	at	at	ADP
cblr-2930	1027	62	175	175	NUM
cblr-2930	1027	63	;	;	PUNCT
cblr-2930	1027	64	see	see	VERB
cblr-2930	1027	65	also	also	ADV
cblr-2930	1027	66	european	european	ADJ
cblr-2930	1027	67	corporate	corporate	ADJ
cblr-2930	1027	68	governance	governance	NOUN
cblr-2930	1027	69	forum	forum	NOUN
cblr-2930	1027	70	,	,	PUNCT
cblr-2930	1027	71	statement	statement	NOUN
cblr-2930	1027	72	on	on	ADP
cblr-2930	1027	73	eipty	eipty	ADJ
cblr-2930	1027	74	voting	voting	NOUN
cblr-2930	1027	75	and	and	CCONJ
cblr-2930	1027	76	transparency	transparency	NOUN
cblr-2930	1027	77	of	of	ADP
cblr-2930	1027	78	shareholder	shareholder	NOUN
cblr-2930	1027	79	posrions	posrion	NOUN
cblr-2930	1027	80	2	2	NUM
cblr-2930	1027	81	(	(	PUNCT
cblr-2930	1027	82	noting	note	VERB
cblr-2930	1027	83	that	that	SCONJ
cblr-2930	1027	84	transparency	transparency	NOUN
cblr-2930	1027	85	may	may	AUX
cblr-2930	1027	86	spur	spur	VERB
cblr-2930	1027	87	appropriate	appropriate	ADJ
cblr-2930	1027	88	behavior	behavior	NOUN
cblr-2930	1027	89	)	)	PUNCT
cblr-2930	1027	90	;	;	PUNCT
cblr-2930	1027	91	bolton	bolton	PROPN
cblr-2930	1027	92	&	&	CCONJ
cblr-2930	1027	93	oehmke	oehmke	PROPN
cblr-2930	1027	94	,	,	PUNCT
cblr-2930	1027	95	supra	supra	ADJ
cblr-2930	1027	96	note	note	NOUN
cblr-2930	1027	97	165	165	NUM
cblr-2930	1027	98	,	,	PUNCT
cblr-2930	1027	99	at	at	ADP
cblr-2930	1027	100	35	35	NUM
cblr-2930	1027	101	(	(	PUNCT
cblr-2930	1027	102	noting	note	VERB
cblr-2930	1027	103	that	that	SCONJ
cblr-2930	1027	104	public	public	ADJ
cblr-2930	1027	105	disclosure	disclosure	NOUN
cblr-2930	1027	106	of	of	ADP
cblr-2930	1027	107	cds	cd	NOUN
cblr-2930	1027	108	positions	position	NOUN
cblr-2930	1027	109	would	would	AUX
cblr-2930	1027	110	allow	allow	VERB
cblr-2930	1027	111	the	the	DET
cblr-2930	1027	112	public	public	NOUN
cblr-2930	1027	113	to	to	PART
cblr-2930	1027	114	gauge	gauge	VERB
cblr-2930	1027	115	creditor	creditor	NOUN
cblr-2930	1027	116	's	's	PART
cblr-2930	1027	117	incentives	incentive	NOUN
cblr-2930	1027	118	when	when	SCONJ
cblr-2930	1027	119	the	the	DET
cblr-2930	1027	120	firm	firm	NOUN
cblr-2930	1027	121	is	be	AUX
cblr-2930	1027	122	in	in	ADP
cblr-2930	1027	123	distress	distress	NOUN
cblr-2930	1027	124	)	)	PUNCT
cblr-2930	1027	125	.	.	PUNCT
cblr-2930	1028	1	826	826	NUM
cblr-2930	1029	1	[	[	X
cblr-2930	1029	2	vol	vol	NOUN
cblr-2930	1029	3	.	.	PUNCT
cblr-2930	1029	4	2010	2010	NUM
cblr-2930	1030	1	voting	voting	NOUN
cblr-2930	1030	2	positions	position	NOUN
cblr-2930	1030	3	may	may	AUX
cblr-2930	1030	4	increase	increase	VERB
cblr-2930	1030	5	voting	vote	VERB
cblr-2930	1030	6	efficiency	efficiency	NOUN
cblr-2930	1030	7	in	in	ADP
cblr-2930	1030	8	the	the	DET
cblr-2930	1030	9	same	same	ADJ
cblr-2930	1030	10	way	way	NOUN
cblr-2930	1030	11	as	as	SCONJ
cblr-2930	1030	12	disclosure	disclosure	NOUN
cblr-2930	1030	13	of	of	ADP
cblr-2930	1030	14	short	short	ADJ
cblr-2930	1030	15	selling	selling	NOUN
cblr-2930	1030	16	may	may	AUX
cblr-2930	1030	17	increase	increase	VERB
cblr-2930	1030	18	market	market	NOUN
cblr-2930	1030	19	efficiency	efficiency	NOUN
cblr-2930	1030	20	,	,	PUNCT
cblr-2930	1030	21	even	even	ADV
cblr-2930	1030	22	if	if	SCONJ
cblr-2930	1030	23	it	it	PRON
cblr-2930	1030	24	induces	induce	VERB
cblr-2930	1030	25	a	a	DET
cblr-2930	1030	26	risk	risk	NOUN
cblr-2930	1030	27	of	of	ADP
cblr-2930	1030	28	herding	herding	NOUN
cblr-2930	1030	29	behavior	behavior	NOUN
cblr-2930	1030	30	.	.	PUNCT
cblr-2930	1031	1	"'o	"'o	PROPN
cblr-2930	1031	2	b.	b.	PROPN
cblr-2930	1031	3	proxy	proxy	PROPN
cblr-2930	1031	4	advisers	adviser	NOUN
cblr-2930	1031	5	proxy	proxy	NOUN
cblr-2930	1031	6	advisers	adviser	NOUN
cblr-2930	1031	7	play	play	VERB
cblr-2930	1031	8	an	an	DET
cblr-2930	1031	9	increasingly	increasingly	ADV
cblr-2930	1031	10	prominent	prominent	ADJ
cblr-2930	1031	11	role	role	NOUN
cblr-2930	1031	12	in	in	ADP
cblr-2930	1031	13	corporate	corporate	ADJ
cblr-2930	1031	14	governance	governance	NOUN
cblr-2930	1031	15	.	.	PUNCT
cblr-2930	1032	1	earlier	early	ADV
cblr-2930	1032	2	in	in	ADP
cblr-2930	1032	3	the	the	DET
cblr-2930	1032	4	article	article	NOUN
cblr-2930	1032	5	,	,	PUNCT
cblr-2930	1032	6	iss	iss	PROPN
cblr-2930	1032	7	's	's	PART
cblr-2930	1032	8	recommendation	recommendation	NOUN
cblr-2930	1032	9	to	to	PART
cblr-2930	1032	10	vote	vote	VERB
cblr-2930	1032	11	in	in	ADP
cblr-2930	1032	12	favor	favor	NOUN
cblr-2930	1032	13	of	of	ADP
cblr-2930	1032	14	the	the	DET
cblr-2930	1032	15	acquisition	acquisition	NOUN
cblr-2930	1032	16	of	of	ADP
cblr-2930	1032	17	abn	abn	NOUN
cblr-2930	1032	18	amro	amro	NOUN
cblr-2930	1032	19	by	by	ADP
cblr-2930	1032	20	fortis	fortis	PROPN
cblr-2930	1032	21	was	be	AUX
cblr-2930	1032	22	mentioned	mention	VERB
cblr-2930	1032	23	as	as	ADP
cblr-2930	1032	24	a	a	DET
cblr-2930	1032	25	possible	possible	ADJ
cblr-2930	1032	26	explanation	explanation	NOUN
cblr-2930	1032	27	for	for	ADP
cblr-2930	1032	28	why	why	SCONJ
cblr-2930	1032	29	fortis	fortis	NOUN
cblr-2930	1032	30	shareholders	shareholder	NOUN
cblr-2930	1032	31	approved	approve	VERB
cblr-2930	1032	32	the	the	DET
cblr-2930	1032	33	deal	deal	NOUN
cblr-2930	1032	34	.	.	PUNCT
cblr-2930	1033	1	iss	iss	PROPN
cblr-2930	1033	2	's	's	PART
cblr-2930	1033	3	recommendation	recommendation	NOUN
cblr-2930	1033	4	is	be	AUX
cblr-2930	1033	5	also	also	ADV
cblr-2930	1033	6	seen	see	VERB
cblr-2930	1033	7	as	as	ADP
cblr-2930	1033	8	the	the	DET
cblr-2930	1033	9	explanatory	explanatory	ADJ
cblr-2930	1033	10	factor	factor	NOUN
cblr-2930	1033	11	for	for	ADP
cblr-2930	1033	12	why	why	SCONJ
cblr-2930	1033	13	hewlett	hewlett	PROPN
cblr-2930	1033	14	-	-	PUNCT
cblr-2930	1033	15	packard	packard	PROPN
cblr-2930	1033	16	shareholders	shareholder	NOUN
cblr-2930	1033	17	approved	approve	VERB
cblr-2930	1033	18	the	the	DET
cblr-2930	1033	19	controversial	controversial	ADJ
cblr-2930	1033	20	acquisition	acquisition	NOUN
cblr-2930	1033	21	of	of	ADP
cblr-2930	1033	22	compaq	compaq	NOUN
cblr-2930	1033	23	in	in	ADP
cblr-2930	1033	24	2002.11	2002.11	NUM
cblr-2930	1033	25	but	but	CCONJ
cblr-2930	1033	26	instead	instead	ADV
cblr-2930	1033	27	of	of	ADP
cblr-2930	1033	28	relying	rely	VERB
cblr-2930	1033	29	on	on	ADP
cblr-2930	1033	30	anecdotal	anecdotal	ADJ
cblr-2930	1033	31	evidence	evidence	NOUN
cblr-2930	1033	32	,	,	PUNCT
cblr-2930	1033	33	we	we	PRON
cblr-2930	1033	34	can	can	AUX
cblr-2930	1033	35	rely	rely	VERB
cblr-2930	1033	36	on	on	ADP
cblr-2930	1033	37	a	a	DET
cblr-2930	1033	38	growing	grow	VERB
cblr-2930	1033	39	body	body	NOUN
cblr-2930	1033	40	of	of	ADP
cblr-2930	1033	41	systematic	systematic	ADJ
cblr-2930	1033	42	evidence	evidence	NOUN
cblr-2930	1033	43	revealing	reveal	VERB
cblr-2930	1033	44	iss	iss	PROPN
cblr-2930	1033	45	's	's	PART
cblr-2930	1033	46	influence	influence	NOUN
cblr-2930	1033	47	on	on	ADP
cblr-2930	1033	48	voting	vote	VERB
cblr-2930	1033	49	outcomes	outcome	NOUN
cblr-2930	1033	50	.	.	PUNCT
cblr-2930	1034	1	for	for	ADP
cblr-2930	1034	2	instance	instance	NOUN
cblr-2930	1034	3	,	,	PUNCT
cblr-2930	1034	4	a	a	DET
cblr-2930	1034	5	study	study	NOUN
cblr-2930	1034	6	using	use	VERB
cblr-2930	1034	7	a	a	DET
cblr-2930	1034	8	sample	sample	NOUN
cblr-2930	1034	9	of	of	ADP
cblr-2930	1034	10	over	over	ADP
cblr-2930	1034	11	40,000	40,000	NUM
cblr-2930	1034	12	director	director	NOUN
cblr-2930	1034	13	elections	election	NOUN
cblr-2930	1034	14	found	find	VERB
cblr-2930	1034	15	that	that	SCONJ
cblr-2930	1034	16	directors	director	NOUN
cblr-2930	1034	17	who	who	PRON
cblr-2930	1034	18	received	receive	VERB
cblr-2930	1034	19	a	a	DET
cblr-2930	1034	20	negative	negative	ADJ
cblr-2930	1034	21	iss	iss	PROPN
cblr-2930	1034	22	recommendation	recommendation	NOUN
cblr-2930	1034	23	received	receive	VERB
cblr-2930	1034	24	nineteen	nineteen	NUM
cblr-2930	1034	25	percent	percent	NOUN
cblr-2930	1034	26	fewer	few	ADJ
cblr-2930	1034	27	votes.172	votes.172	ADP
cblr-2930	1034	28	this	this	PRON
cblr-2930	1034	29	suggests	suggest	VERB
cblr-2930	1034	30	a	a	DET
cblr-2930	1034	31	significant	significant	ADJ
cblr-2930	1034	32	influence	influence	NOUN
cblr-2930	1034	33	.	.	PUNCT
cblr-2930	1035	1	no	no	DET
cblr-2930	1035	2	see	see	NOUN
cblr-2930	1035	3	schouten	schouten	NOUN
cblr-2930	1035	4	,	,	PUNCT
cblr-2930	1035	5	supra	supra	PROPN
cblr-2930	1035	6	note	note	PROPN
cblr-2930	1035	7	88	88	NUM
cblr-2930	1035	8	,	,	PUNCT
cblr-2930	1035	9	at	at	ADP
cblr-2930	1035	10	145	145	NUM
cblr-2930	1035	11	;	;	PUNCT
cblr-2930	1035	12	emilios	emilio	NOUN
cblr-2930	1035	13	avgouleas	avgouleas	PROPN
cblr-2930	1035	14	,	,	PUNCT
cblr-2930	1035	15	a	a	DET
cblr-2930	1035	16	new	new	ADJ
cblr-2930	1035	17	framework	framework	NOUN
cblr-2930	1035	18	for	for	ADP
cblr-2930	1035	19	the	the	DET
cblr-2930	1035	20	global	global	ADJ
cblr-2930	1035	21	regulation	regulation	NOUN
cblr-2930	1035	22	of	of	ADP
cblr-2930	1035	23	short	short	ADJ
cblr-2930	1035	24	sales	sale	NOUN
cblr-2930	1035	25	:	:	PUNCT
cblr-2930	1035	26	why	why	SCONJ
cblr-2930	1035	27	prohibition	prohibition	NOUN
cblr-2930	1035	28	is	be	AUX
cblr-2930	1035	29	inefficient	inefficient	ADJ
cblr-2930	1035	30	and	and	CCONJ
cblr-2930	1035	31	disclosure	disclosure	NOUN
cblr-2930	1035	32	insufficient	insufficient	ADJ
cblr-2930	1035	33	,	,	PUNCT
cblr-2930	1035	34	16	16	NUM
cblr-2930	1035	35	stan	stan	NOUN
cblr-2930	1035	36	.	.	PUNCT
cblr-2930	1036	1	j.l	j.l	PROPN
cblr-2930	1036	2	.	.	PROPN
cblr-2930	1036	3	bus	bus	PROPN
cblr-2930	1036	4	.	.	PUNCT
cblr-2930	1036	5	&	&	CCONJ
cblr-2930	1036	6	fin	fin	PROPN
cblr-2930	1036	7	.	.	PUNCT
cblr-2930	1037	1	64	64	NUM
cblr-2930	1037	2	-	-	SYM
cblr-2930	1037	3	65	65	NUM
cblr-2930	1037	4	(	(	PUNCT
cblr-2930	1037	5	forthcoming	forthcoming	ADJ
cblr-2930	1037	6	2010	2010	NUM
cblr-2930	1037	7	)	)	PUNCT
cblr-2930	1037	8	.	.	PUNCT
cblr-2930	1038	1	some	some	DET
cblr-2930	1038	2	regulators	regulator	NOUN
cblr-2930	1038	3	have	have	AUX
cblr-2930	1038	4	explicitly	explicitly	ADV
cblr-2930	1038	5	cited	cite	VERB
cblr-2930	1038	6	this	this	PRON
cblr-2930	1038	7	as	as	ADP
cblr-2930	1038	8	a	a	DET
cblr-2930	1038	9	reason	reason	NOUN
cblr-2930	1038	10	to	to	PART
cblr-2930	1038	11	require	require	VERB
cblr-2930	1038	12	transparency	transparency	NOUN
cblr-2930	1038	13	of	of	ADP
cblr-2930	1038	14	short	short	ADJ
cblr-2930	1038	15	sales	sale	NOUN
cblr-2930	1038	16	.	.	PUNCT
cblr-2930	1039	1	see	see	VERB
cblr-2930	1039	2	fin	fin	NOUN
cblr-2930	1039	3	.	.	PUNCT
cblr-2930	1040	1	servs	servs	PROPN
cblr-2930	1040	2	.	.	PUNCT
cblr-2930	1041	1	auth	auth	PROPN
cblr-2930	1041	2	.	.	PUNCT
cblr-2930	1041	3	,	,	PUNCT
cblr-2930	1041	4	consultation	consultation	NOUN
cblr-2930	1041	5	paper	paper	NOUN
cblr-2930	1041	6	09/15	09/15	NUM
cblr-2930	1041	7	,	,	PUNCT
cblr-2930	1041	8	extension	extension	NOUN
cblr-2930	1041	9	of	of	ADP
cblr-2930	1041	10	the	the	DET
cblr-2930	1041	11	short	short	ADJ
cblr-2930	1041	12	selling	selling	NOUN
cblr-2930	1041	13	disclosure	disclosure	NOUN
cblr-2930	1041	14	obligation	obligation	NOUN
cblr-2930	1041	15	9	9	NUM
cblr-2930	1041	16	(	(	PUNCT
cblr-2930	1041	17	2009	2009	NUM
cblr-2930	1041	18	)	)	PUNCT
cblr-2930	1041	19	(	(	PUNCT
cblr-2930	1041	20	noting	note	VERB
cblr-2930	1041	21	that	that	SCONJ
cblr-2930	1041	22	"	"	PUNCT
cblr-2930	1041	23	transparency	transparency	NOUN
cblr-2930	1041	24	.	.	PUNCT
cblr-2930	1041	25	.	.	PUNCT
cblr-2930	1042	1	.	.	PUNCT
cblr-2930	1043	1	of	of	ADP
cblr-2930	1043	2	significant	significant	ADJ
cblr-2930	1043	3	short	short	ADJ
cblr-2930	1043	4	positions	position	NOUN
cblr-2930	1043	5	and	and	CCONJ
cblr-2930	1043	6	the	the	DET
cblr-2930	1043	7	identity	identity	NOUN
cblr-2930	1043	8	of	of	ADP
cblr-2930	1043	9	significant	significant	ADJ
cblr-2930	1043	10	short	short	ADJ
cblr-2930	1043	11	sellers	seller	NOUN
cblr-2930	1043	12	..	..	PUNCT
cblr-2930	1043	13	.	.	PUNCT
cblr-2930	1044	1	provides	provide	VERB
cblr-2930	1044	2	insight	insight	NOUN
cblr-2930	1044	3	into	into	ADP
cblr-2930	1044	4	short	short	ADJ
cblr-2930	1044	5	sellers	seller	NOUN
cblr-2930	1044	6	'	'	PART
cblr-2930	1044	7	price	price	NOUN
cblr-2930	1044	8	movement	movement	NOUN
cblr-2930	1044	9	expectations	expectation	NOUN
cblr-2930	1044	10	and	and	CCONJ
cblr-2930	1044	11	can	can	AUX
cblr-2930	1044	12	improve	improve	VERB
cblr-2930	1044	13	pricing	pricing	NOUN
cblr-2930	1044	14	efficiency	efficiency	NOUN
cblr-2930	1044	15	(	(	PUNCT
cblr-2930	1044	16	if	if	SCONJ
cblr-2930	1044	17	the	the	DET
cblr-2930	1044	18	information	information	NOUN
cblr-2930	1044	19	is	be	AUX
cblr-2930	1044	20	correctly	correctly	ADV
cblr-2930	1044	21	interpreted	interpret	VERB
cblr-2930	1044	22	)	)	PUNCT
cblr-2930	1044	23	"	"	PUNCT
cblr-2930	1044	24	)	)	PUNCT
cblr-2930	1044	25	;	;	PUNCT
cblr-2930	1045	1	comm	comm	NOUN
cblr-2930	1045	2	.	.	PUNCT
cblr-2930	1045	3	of	of	ADP
cblr-2930	1045	4	eur	eur	PROPN
cblr-2930	1045	5	.	.	PUNCT
cblr-2930	1046	1	sec	sec	PROPN
cblr-2930	1046	2	.	.	PUNCT
cblr-2930	1046	3	regulators	regulator	NOUN
cblr-2930	1046	4	,	,	PUNCT
cblr-2930	1046	5	ref	ref	NOUN
cblr-2930	1046	6	.	.	PUNCT
cblr-2930	1047	1	no	no	INTJ
cblr-2930	1047	2	.	.	NOUN
cblr-2930	1047	3	10	10	NUM
cblr-2930	1047	4	-	-	PUNCT
cblr-2930	1047	5	088	088	NUM
cblr-2930	1047	6	,	,	PUNCT
cblr-2930	1047	7	model	model	NOUN
cblr-2930	1047	8	for	for	ADP
cblr-2930	1047	9	a	a	DET
cblr-2930	1047	10	pan	pan	ADJ
cblr-2930	1047	11	-	-	ADJ
cblr-2930	1047	12	european	european	ADJ
cblr-2930	1047	13	short	short	ADJ
cblr-2930	1047	14	selling	selling	NOUN
cblr-2930	1047	15	disclosure	disclosure	NOUN
cblr-2930	1047	16	regime	regime	NOUN
cblr-2930	1047	17	12	12	NUM
cblr-2930	1047	18	-	-	SYM
cblr-2930	1047	19	13	13	NUM
cblr-2930	1047	20	(	(	PUNCT
cblr-2930	1047	21	2010	2010	NUM
cblr-2930	1047	22	)	)	PUNCT
cblr-2930	1047	23	(	(	PUNCT
cblr-2930	1047	24	noting	note	VERB
cblr-2930	1047	25	the	the	DET
cblr-2930	1047	26	same	same	ADJ
cblr-2930	1047	27	beneficial	beneficial	ADJ
cblr-2930	1047	28	effect	effect	NOUN
cblr-2930	1047	29	as	as	ADV
cblr-2930	1047	30	well	well	ADV
cblr-2930	1047	31	as	as	ADP
cblr-2930	1047	32	the	the	DET
cblr-2930	1047	33	risk	risk	NOUN
cblr-2930	1047	34	that	that	PRON
cblr-2930	1047	35	disclosure	disclosure	NOUN
cblr-2930	1047	36	leads	lead	VERB
cblr-2930	1047	37	to	to	ADP
cblr-2930	1047	38	an	an	DET
cblr-2930	1047	39	increase	increase	NOUN
cblr-2930	1047	40	of	of	ADP
cblr-2930	1047	41	short	short	ADJ
cblr-2930	1047	42	selling	selling	NOUN
cblr-2930	1047	43	due	due	ADP
cblr-2930	1047	44	to	to	ADP
cblr-2930	1047	45	herding	herding	NOUN
cblr-2930	1047	46	)	)	PUNCT
cblr-2930	1047	47	.	.	PUNCT
cblr-2930	1048	1	17	17	NUM
cblr-2930	1048	2	peter	peter	PROPN
cblr-2930	1048	3	burrows	burrow	NOUN
cblr-2930	1048	4	,	,	PUNCT
cblr-2930	1048	5	compaq	compaq	NOUN
cblr-2930	1048	6	and	and	CCONJ
cblr-2930	1048	7	hp	hp	NOUN
cblr-2930	1048	8	:	:	PUNCT
cblr-2930	1048	9	what	what	PRON
cblr-2930	1048	10	's	be	AUX
cblr-2930	1048	11	an	an	DET
cblr-2930	1048	12	investor	investor	NOUN
cblr-2930	1048	13	to	to	PART
cblr-2930	1048	14	do	do	VERB
cblr-2930	1048	15	?	?	PUNCT
cblr-2930	1048	16	,	,	PUNCT
cblr-2930	1048	17	bus	bus	NOUN
cblr-2930	1048	18	.	.	PUNCT
cblr-2930	1049	1	wk	wk	INTJ
cblr-2930	1049	2	.	.	PROPN
cblr-2930	1049	3	,	,	PUNCT
cblr-2930	1049	4	mar	mar	PROPN
cblr-2930	1049	5	.	.	PROPN
cblr-2930	1049	6	18	18	NUM
cblr-2930	1049	7	,	,	PUNCT
cblr-2930	1049	8	2002	2002	NUM
cblr-2930	1049	9	,	,	PUNCT
cblr-2930	1049	10	at	at	ADP
cblr-2930	1049	11	62	62	NUM
cblr-2930	1049	12	.	.	PUNCT
cblr-2930	1050	1	172	172	NUM
cblr-2930	1050	2	jie	jie	PROPN
cblr-2930	1050	3	cai	cai	PROPN
cblr-2930	1050	4	,	,	PUNCT
cblr-2930	1050	5	jacqueline	jacqueline	PROPN
cblr-2930	1050	6	l.	l.	PROPN
cblr-2930	1050	7	garner	garner	PROPN
cblr-2930	1050	8	&	&	CCONJ
cblr-2930	1050	9	ralph	ralph	PROPN
cblr-2930	1050	10	a.	a.	PROPN
cblr-2930	1050	11	walkling	walkling	PROPN
cblr-2930	1050	12	,	,	PUNCT
cblr-2930	1050	13	electing	elect	VERB
cblr-2930	1050	14	directors	director	NOUN
cblr-2930	1050	15	,	,	PUNCT
cblr-2930	1050	16	64	64	NUM
cblr-2930	1050	17	j.	j.	PROPN
cblr-2930	1050	18	fin	fin	PROPN
cblr-2930	1050	19	.	.	PUNCT
cblr-2930	1050	20	2389	2389	NUM
cblr-2930	1050	21	,	,	PUNCT
cblr-2930	1050	22	2404	2404	NUM
cblr-2930	1050	23	(	(	PUNCT
cblr-2930	1050	24	2009	2009	NUM
cblr-2930	1050	25	)	)	PUNCT
cblr-2930	1050	26	;	;	PUNCT
cblr-2930	1050	27	see	see	VERB
cblr-2930	1050	28	also	also	ADV
cblr-2930	1050	29	stephen	stephen	PROPN
cblr-2930	1050	30	j.	j.	PROPN
cblr-2930	1050	31	choi	choi	PROPN
cblr-2930	1050	32	,	,	PUNCT
cblr-2930	1050	33	jill	jill	PROPN
cblr-2930	1050	34	e.	e.	PROPN
cblr-2930	1050	35	fisch	fisch	PROPN
cblr-2930	1050	36	&	&	CCONJ
cblr-2930	1050	37	marcel	marcel	PROPN
cblr-2930	1050	38	kahan	kahan	PROPN
cblr-2930	1050	39	,	,	PUNCT
cblr-2930	1050	40	the	the	DET
cblr-2930	1050	41	power	power	NOUN
cblr-2930	1050	42	of	of	ADP
cblr-2930	1050	43	proxy	proxy	ADJ
cblr-2930	1050	44	advisors	advisor	NOUN
cblr-2930	1050	45	:	:	PUNCT
cblr-2930	1050	46	myth	myth	NOUN
cblr-2930	1050	47	or	or	CCONJ
cblr-2930	1050	48	reality	reality	NOUN
cblr-2930	1050	49	?	?	PUNCT
cblr-2930	1050	50	,	,	PUNCT
cblr-2930	1050	51	59	59	NUM
cblr-2930	1050	52	emory	emory	PROPN
cblr-2930	1050	53	l.j	l.j	PROPN
cblr-2930	1050	54	.	.	PROPN
cblr-2930	1050	55	869	869	NUM
cblr-2930	1050	56	,	,	PUNCT
cblr-2930	1050	57	903	903	NUM
cblr-2930	1050	58	(	(	PUNCT
cblr-2930	1050	59	estimating	estimate	VERB
cblr-2930	1050	60	the	the	DET
cblr-2930	1050	61	overall	overall	ADJ
cblr-2930	1050	62	marginal	marginal	ADJ
cblr-2930	1050	63	(	(	PUNCT
cblr-2930	1050	64	i.e.	i.e.	X
cblr-2930	1050	65	,	,	PUNCT
cblr-2930	1050	66	controlling	control	VERB
cblr-2930	1050	67	for	for	ADP
cblr-2930	1050	68	the	the	DET
cblr-2930	1050	69	underlying	underlie	VERB
cblr-2930	1050	70	factors	factor	NOUN
cblr-2930	1050	71	that	that	PRON
cblr-2930	1050	72	investors	investor	NOUN
cblr-2930	1050	73	would	would	AUX
cblr-2930	1050	74	take	take	VERB
cblr-2930	1050	75	into	into	ADP
cblr-2930	1050	76	account	account	NOUN
cblr-2930	1050	77	anyway	anyway	ADV
cblr-2930	1050	78	)	)	PUNCT
cblr-2930	1050	79	impact	impact	NOUN
cblr-2930	1050	80	of	of	ADP
cblr-2930	1050	81	an	an	DET
cblr-2930	1050	82	iss	iss	PROPN
cblr-2930	1050	83	withhold	withhold	NOUN
cblr-2930	1050	84	recommendation	recommendation	NOUN
cblr-2930	1050	85	at	at	ADP
cblr-2930	1050	86	13.1	13.1	NUM
cblr-2930	1050	87	%	%	NOUN
cblr-2930	1050	88	)	)	PUNCT
cblr-2930	1050	89	.	.	PUNCT
cblr-2930	1051	1	mefchanisms	mefchanism	NOUN
cblr-2930	1051	2	of	of	ADP
cblr-2930	1051	3	voting	vote	VERB
cblr-2930	1051	4	efficiency	efficiency	NOUN
cblr-2930	1051	5	827no	827no	NOUN
cblr-2930	1051	6	.	.	PUNCT
cblr-2930	1052	1	3:763]1	3:763]1	PROPN
cblr-2930	1052	2	columbia	columbia	PROPN
cblr-2930	1052	3	business	business	NOUN
cblr-2930	1052	4	law	law	PROPN
cblr-2930	1052	5	review	review	VERB
cblr-2930	1052	6	how	how	SCONJ
cblr-2930	1052	7	do	do	AUX
cblr-2930	1052	8	proxy	proxy	NOUN
cblr-2930	1052	9	advisers	adviser	NOUN
cblr-2930	1052	10	affect	affect	VERB
cblr-2930	1052	11	voting	vote	VERB
cblr-2930	1052	12	efficiency	efficiency	NOUN
cblr-2930	1052	13	?	?	PUNCT
cblr-2930	1053	1	or	or	CCONJ
cblr-2930	1053	2	,	,	PUNCT
cblr-2930	1053	3	more	more	ADV
cblr-2930	1053	4	precisely	precisely	ADV
cblr-2930	1053	5	,	,	PUNCT
cblr-2930	1053	6	how	how	SCONJ
cblr-2930	1053	7	do	do	AUX
cblr-2930	1053	8	proxy	proxy	NOUN
cblr-2930	1053	9	advisers	adviser	NOUN
cblr-2930	1053	10	affect	affect	VERB
cblr-2930	1053	11	the	the	DET
cblr-2930	1053	12	operation	operation	NOUN
cblr-2930	1053	13	of	of	ADP
cblr-2930	1053	14	the	the	DET
cblr-2930	1053	15	various	various	ADJ
cblr-2930	1053	16	mechanisms	mechanism	NOUN
cblr-2930	1053	17	of	of	ADP
cblr-2930	1053	18	voting	voting	NOUN
cblr-2930	1053	19	efficiency	efficiency	NOUN
cblr-2930	1053	20	?	?	PUNCT
cblr-2930	1054	1	to	to	PART
cblr-2930	1054	2	answer	answer	VERB
cblr-2930	1054	3	this	this	DET
cblr-2930	1054	4	question	question	NOUN
cblr-2930	1054	5	,	,	PUNCT
cblr-2930	1054	6	we	we	PRON
cblr-2930	1054	7	first	first	ADV
cblr-2930	1054	8	need	need	VERB
cblr-2930	1054	9	to	to	PART
cblr-2930	1054	10	take	take	VERB
cblr-2930	1054	11	a	a	DET
cblr-2930	1054	12	closer	close	ADJ
cblr-2930	1054	13	look	look	NOUN
cblr-2930	1054	14	at	at	ADP
cblr-2930	1054	15	the	the	DET
cblr-2930	1054	16	impact	impact	NOUN
cblr-2930	1054	17	of	of	ADP
cblr-2930	1054	18	proxy	proxy	ADJ
cblr-2930	1054	19	advisers	adviser	NOUN
cblr-2930	1054	20	on	on	ADP
cblr-2930	1054	21	individual	individual	ADJ
cblr-2930	1054	22	voting	voting	NOUN
cblr-2930	1054	23	behavior	behavior	NOUN
cblr-2930	1054	24	.	.	PUNCT
cblr-2930	1055	1	while	while	SCONJ
cblr-2930	1055	2	empirical	empirical	ADJ
cblr-2930	1055	3	evidence	evidence	NOUN
cblr-2930	1055	4	is	be	AUX
cblr-2930	1055	5	scarce	scarce	ADJ
cblr-2930	1055	6	,	,	PUNCT
cblr-2930	1055	7	one	one	NUM
cblr-2930	1055	8	study	study	NOUN
cblr-2930	1055	9	has	have	AUX
cblr-2930	1055	10	found	find	VERB
cblr-2930	1055	11	that	that	SCONJ
cblr-2930	1055	12	mutual	mutual	ADJ
cblr-2930	1055	13	funds	fund	NOUN
cblr-2930	1055	14	have	have	AUX
cblr-2930	1055	15	tended	tend	VERB
cblr-2930	1055	16	to	to	PART
cblr-2930	1055	17	vote	vote	VERB
cblr-2930	1055	18	in	in	ADP
cblr-2930	1055	19	line	line	NOUN
cblr-2930	1055	20	with	with	ADP
cblr-2930	1055	21	iss	iss	PROPN
cblr-2930	1055	22	recommendations	recommendation	NOUN
cblr-2930	1055	23	across	across	ADP
cblr-2930	1055	24	the	the	DET
cblr-2930	1055	25	board	board	NOUN
cblr-2930	1055	26	during	during	ADP
cblr-2930	1055	27	the	the	DET
cblr-2930	1055	28	five	five	NUM
cblr-2930	1055	29	recent	recent	ADJ
cblr-2930	1055	30	proxy	proxy	ADJ
cblr-2930	1055	31	seasons	season	NOUN
cblr-2930	1055	32	.	.	PUNCT
cblr-2930	1056	1	"	"	PUNCT
cblr-2930	1056	2	'	'	PUNCT
cblr-2930	1056	3	although	although	SCONJ
cblr-2930	1056	4	this	this	DET
cblr-2930	1056	5	finding	finding	NOUN
cblr-2930	1056	6	suggests	suggest	VERB
cblr-2930	1056	7	that	that	SCONJ
cblr-2930	1056	8	mutual	mutual	ADJ
cblr-2930	1056	9	funds	fund	NOUN
cblr-2930	1056	10	tend	tend	VERB
cblr-2930	1056	11	to	to	PART
cblr-2930	1056	12	follow	follow	VERB
cblr-2930	1056	13	iss	iss	PROPN
cblr-2930	1056	14	's	's	PART
cblr-2930	1056	15	recommendation	recommendation	NOUN
cblr-2930	1056	16	instead	instead	ADV
cblr-2930	1056	17	of	of	ADP
cblr-2930	1056	18	their	their	PRON
cblr-2930	1056	19	independent	independent	ADJ
cblr-2930	1056	20	judgment	judgment	NOUN
cblr-2930	1056	21	-	-	PUNCT
cblr-2930	1056	22	which	which	PRON
cblr-2930	1056	23	,	,	PUNCT
cblr-2930	1056	24	as	as	SCONJ
cblr-2930	1056	25	we	we	PRON
cblr-2930	1056	26	have	have	AUX
cblr-2930	1056	27	seen	see	VERB
cblr-2930	1056	28	,	,	PUNCT
cblr-2930	1056	29	could	could	AUX
cblr-2930	1056	30	affect	affect	VERB
cblr-2930	1056	31	voting	vote	VERB
cblr-2930	1056	32	efficiency	efficiency	NOUN
cblr-2930	1056	33	-	-	PUNCT
cblr-2930	1056	34	it	it	PRON
cblr-2930	1056	35	does	do	AUX
cblr-2930	1056	36	not	not	PART
cblr-2930	1056	37	provide	provide	VERB
cblr-2930	1056	38	conclusive	conclusive	ADJ
cblr-2930	1056	39	evidence	evidence	NOUN
cblr-2930	1056	40	that	that	SCONJ
cblr-2930	1056	41	they	they	PRON
cblr-2930	1056	42	do	do	AUX
cblr-2930	1056	43	.	.	PUNCT
cblr-2930	1057	1	because	because	SCONJ
cblr-2930	1057	2	iss	iss	PROPN
cblr-2930	1057	3	typically	typically	ADV
cblr-2930	1057	4	consults	consult	VERB
cblr-2930	1057	5	with	with	ADP
cblr-2930	1057	6	mutual	mutual	ADJ
cblr-2930	1057	7	funds	fund	NOUN
cblr-2930	1057	8	prior	prior	ADV
cblr-2930	1057	9	to	to	ADP
cblr-2930	1057	10	issuing	issue	VERB
cblr-2930	1057	11	its	its	PRON
cblr-2930	1057	12	recommendations	recommendation	NOUN
cblr-2930	1057	13	,	,	PUNCT
cblr-2930	1057	14	we	we	PRON
cblr-2930	1057	15	can	can	AUX
cblr-2930	1057	16	not	not	PART
cblr-2930	1057	17	exclude	exclude	VERB
cblr-2930	1057	18	the	the	DET
cblr-2930	1057	19	possibility	possibility	NOUN
cblr-2930	1057	20	that	that	SCONJ
cblr-2930	1057	21	it	it	PRON
cblr-2930	1057	22	tailors	tailor	VERB
cblr-2930	1057	23	its	its	PRON
cblr-2930	1057	24	recommendations	recommendation	NOUN
cblr-2930	1057	25	to	to	PART
cblr-2930	1057	26	track	track	VERB
cblr-2930	1057	27	mutual	mutual	ADJ
cblr-2930	1057	28	funds	fund	NOUN
cblr-2930	1057	29	'	'	PART
cblr-2930	1057	30	voting	voting	NOUN
cblr-2930	1057	31	preferences	preference	NOUN
cblr-2930	1057	32	.	.	PUNCT
cblr-2930	1058	1	"	"	PUNCT
cblr-2930	1058	2	'	'	PUNCT
cblr-2930	1058	3	even	even	ADV
cblr-2930	1058	4	if	if	SCONJ
cblr-2930	1058	5	iss	iss	PROPN
cblr-2930	1058	6	recommendations	recommendation	NOUN
cblr-2930	1058	7	merely	merely	ADV
cblr-2930	1058	8	track	track	VERB
cblr-2930	1058	9	mutual	mutual	ADJ
cblr-2930	1058	10	fund	fund	NOUN
cblr-2930	1058	11	preferences	preference	NOUN
cblr-2930	1058	12	,	,	PUNCT
cblr-2930	1058	13	however	however	ADV
cblr-2930	1058	14	,	,	PUNCT
cblr-2930	1058	15	they	they	PRON
cblr-2930	1058	16	may	may	AUX
cblr-2930	1058	17	still	still	ADV
cblr-2930	1058	18	compromise	compromise	VERB
cblr-2930	1058	19	voter	voter	NOUN
cblr-2930	1058	20	independence	independence	NOUN
cblr-2930	1058	21	,	,	PUNCT
cblr-2930	1058	22	for	for	ADP
cblr-2930	1058	23	two	two	NUM
cblr-2930	1058	24	reasons	reason	NOUN
cblr-2930	1058	25	.	.	PUNCT
cblr-2930	1059	1	first	first	ADV
cblr-2930	1059	2	,	,	PUNCT
cblr-2930	1059	3	mutual	mutual	ADJ
cblr-2930	1059	4	fund	fund	NOUN
cblr-2930	1059	5	managers	manager	NOUN
cblr-2930	1059	6	consulted	consult	VERB
cblr-2930	1059	7	by	by	ADP
cblr-2930	1059	8	iss	iss	PROPN
cblr-2930	1059	9	are	be	AUX
cblr-2930	1059	10	unlikely	unlikely	ADJ
cblr-2930	1059	11	to	to	PART
cblr-2930	1059	12	be	be	AUX
cblr-2930	1059	13	unanimous	unanimous	ADJ
cblr-2930	1059	14	in	in	ADP
cblr-2930	1059	15	their	their	PRON
cblr-2930	1059	16	beliefs	belief	NOUN
cblr-2930	1059	17	.	.	PUNCT
cblr-2930	1060	1	iss	iss	PROPN
cblr-2930	1060	2	's	's	PART
cblr-2930	1060	3	recommendation	recommendation	NOUN
cblr-2930	1060	4	would	would	AUX
cblr-2930	1060	5	thus	thus	ADV
cblr-2930	1060	6	deviate	deviate	VERB
cblr-2930	1060	7	from	from	ADP
cblr-2930	1060	8	at	at	ADP
cblr-2930	1060	9	least	least	ADJ
cblr-2930	1060	10	some	some	DET
cblr-2930	1060	11	fund	fund	NOUN
cblr-2930	1060	12	managers	manager	NOUN
cblr-2930	1060	13	'	'	PART
cblr-2930	1060	14	beliefs	belief	NOUN
cblr-2930	1060	15	.	.	PUNCT
cblr-2930	1061	1	some	some	PRON
cblr-2930	1061	2	of	of	ADP
cblr-2930	1061	3	these	these	DET
cblr-2930	1061	4	managers	manager	NOUN
cblr-2930	1061	5	may	may	AUX
cblr-2930	1061	6	be	be	AUX
cblr-2930	1061	7	inclined	incline	VERB
cblr-2930	1061	8	to	to	PART
cblr-2930	1061	9	change	change	VERB
cblr-2930	1061	10	their	their	PRON
cblr-2930	1061	11	beliefs	belief	NOUN
cblr-2930	1061	12	once	once	SCONJ
cblr-2930	1061	13	iss	iss	PROPN
cblr-2930	1061	14	has	have	AUX
cblr-2930	1061	15	issued	issue	VERB
cblr-2930	1061	16	its	its	PRON
cblr-2930	1061	17	recommendation	recommendation	NOUN
cblr-2930	1061	18	,	,	PUNCT
cblr-2930	1061	19	assuming	assume	VERB
cblr-2930	1061	20	the	the	DET
cblr-2930	1061	21	recommendation	recommendation	NOUN
cblr-2930	1061	22	is	be	AUX
cblr-2930	1061	23	based	base	VERB
cblr-2930	1061	24	on	on	ADP
cblr-2930	1061	25	superior	superior	ADJ
cblr-2930	1061	26	information	information	NOUN
cblr-2930	1061	27	,	,	PUNCT
cblr-2930	1061	28	or	or	CCONJ
cblr-2930	1061	29	simply	simply	ADV
cblr-2930	1061	30	to	to	PART
cblr-2930	1061	31	avoid	avoid	VERB
cblr-2930	1061	32	criticism	criticism	NOUN
cblr-2930	1061	33	.	.	PUNCT
cblr-2930	1062	1	"	"	PUNCT
cblr-2930	1062	2	'	'	PUNCT
cblr-2930	1062	3	second	second	ADJ
cblr-2930	1062	4	,	,	PUNCT
cblr-2930	1062	5	shareholders	shareholder	NOUN
cblr-2930	1062	6	who	who	PRON
cblr-2930	1062	7	are	be	AUX
cblr-2930	1062	8	not	not	PART
cblr-2930	1062	9	subscribed	subscribe	VERB
cblr-2930	1062	10	to	to	ADP
cblr-2930	1062	11	iss	iss	PROPN
cblr-2930	1062	12	's	's	PART
cblr-2930	1062	13	advisory	advisory	ADJ
cblr-2930	1062	14	services	service	NOUN
cblr-2930	1062	15	may	may	AUX
cblr-2930	1062	16	also	also	ADV
cblr-2930	1062	17	learn	learn	VERB
cblr-2930	1062	18	of	of	ADP
cblr-2930	1062	19	iss	iss	PROPN
cblr-2930	1062	20	's	's	PART
cblr-2930	1062	21	recommendation	recommendation	NOUN
cblr-2930	1062	22	prior	prior	ADV
cblr-2930	1062	23	to	to	ADP
cblr-2930	1062	24	deciding	decide	VERB
cblr-2930	1062	25	on	on	ADP
cblr-2930	1062	26	how	how	SCONJ
cblr-2930	1062	27	to	to	PART
cblr-2930	1062	28	vote	vote	VERB
cblr-2930	1062	29	.	.	PUNCT
cblr-2930	1063	1	especially	especially	ADV
cblr-2930	1063	2	when	when	SCONJ
cblr-2930	1063	3	votes	vote	NOUN
cblr-2930	1063	4	are	be	AUX
cblr-2930	1063	5	contentious	contentious	ADJ
cblr-2930	1063	6	,	,	PUNCT
cblr-2930	1063	7	such	such	ADJ
cblr-2930	1063	8	as	as	ADP
cblr-2930	1063	9	in	in	ADP
cblr-2930	1063	10	proxy	proxy	ADJ
cblr-2930	1063	11	contests	contest	NOUN
cblr-2930	1063	12	or	or	CCONJ
cblr-2930	1063	13	takeovers	takeover	NOUN
cblr-2930	1063	14	,	,	PUNCT
cblr-2930	1063	15	iss	iss	PROPN
cblr-2930	1063	16	's	's	PART
cblr-2930	1063	17	recommendations	recommendation	NOUN
cblr-2930	1063	18	typically	typically	ADV
cblr-2930	1063	19	receive	receive	VERB
cblr-2930	1063	20	much	much	ADJ
cblr-2930	1063	21	attention	attention	NOUN
cblr-2930	1063	22	from	from	ADP
cblr-2930	1063	23	the	the	DET
cblr-2930	1063	24	financial	financial	ADJ
cblr-2930	1063	25	press	press	NOUN
cblr-2930	1063	26	.	.	PUNCT
cblr-2930	1064	1	shareholders	shareholder	NOUN
cblr-2930	1064	2	who	who	PRON
cblr-2930	1064	3	learn	learn	VERB
cblr-2930	1064	4	of	of	ADP
cblr-2930	1064	5	a	a	DET
cblr-2930	1064	6	recommendation	recommendation	NOUN
cblr-2930	1064	7	through	through	ADP
cblr-2930	1064	8	this	this	DET
cblr-2930	1064	9	channel	channel	NOUN
cblr-2930	1064	10	again	again	ADV
cblr-2930	1064	11	may	may	AUX
cblr-2930	1064	12	be	be	AUX
cblr-2930	1064	13	inclined	incline	VERB
cblr-2930	1064	14	.7s	.7s	PROPN
cblr-2930	1064	15	james	james	PROPN
cblr-2930	1064	16	f.	f.	PROPN
cblr-2930	1064	17	cotter	cotter	PROPN
cblr-2930	1064	18	,	,	PUNCT
cblr-2930	1064	19	alan	alan	PROPN
cblr-2930	1064	20	r.	r.	PROPN
cblr-2930	1064	21	palmiter	palmiter	PROPN
cblr-2930	1064	22	&	&	CCONJ
cblr-2930	1064	23	randall	randall	PROPN
cblr-2930	1064	24	s.	s.	PROPN
cblr-2930	1064	25	thomas	thomas	PROPN
cblr-2930	1064	26	,	,	PUNCT
cblr-2930	1064	27	iss	iss	PROPN
cblr-2930	1064	28	recommendations	recommendation	NOUN
cblr-2930	1064	29	and	and	CCONJ
cblr-2930	1064	30	mutual	mutual	ADJ
cblr-2930	1064	31	fund	fund	NOUN
cblr-2930	1064	32	voting	voting	NOUN
cblr-2930	1064	33	on	on	ADP
cblr-2930	1064	34	proxy	proxy	ADJ
cblr-2930	1064	35	proposals	proposal	NOUN
cblr-2930	1064	36	,	,	PUNCT
cblr-2930	1064	37	55	55	NUM
cblr-2930	1064	38	vil	vil	NOUN
cblr-2930	1064	39	.	.	PUNCT
cblr-2930	1065	1	l.	l.	PROPN
cblr-2930	1065	2	rev	rev	PROPN
cblr-2930	1065	3	.	.	PROPN
cblr-2930	1065	4	1	1	NUM
cblr-2930	1065	5	,	,	PUNCT
cblr-2930	1065	6	2	2	NUM
cblr-2930	1065	7	(	(	PUNCT
cblr-2930	1065	8	2010	2010	NUM
cblr-2930	1065	9	)	)	PUNCT
cblr-2930	1065	10	.	.	PUNCT
cblr-2930	1066	1	174	174	NUM
cblr-2930	1066	2	see	see	VERB
cblr-2930	1066	3	i	i	PRON
cblr-2930	1066	4	d.	d.	PROPN
cblr-2930	1066	5	at	at	ADP
cblr-2930	1066	6	2	2	NUM
cblr-2930	1066	7	.	.	NUM
cblr-2930	1066	8	175	175	NUM
cblr-2930	1066	9	see	see	VERB
cblr-2930	1066	10	i	i	PRON
cblr-2930	1066	11	d.	d.	PROPN
cblr-2930	1066	12	at	at	ADP
cblr-2930	1066	13	56	56	NUM
cblr-2930	1066	14	(	(	PUNCT
cblr-2930	1066	15	noting	note	VERB
cblr-2930	1066	16	that	that	SCONJ
cblr-2930	1066	17	"	"	PUNCT
cblr-2930	1066	18	mutual	mutual	ADJ
cblr-2930	1066	19	funds	fund	NOUN
cblr-2930	1066	20	knowing	know	VERB
cblr-2930	1066	21	they	they	PRON
cblr-2930	1066	22	must	must	AUX
cblr-2930	1066	23	disclose	disclose	VERB
cblr-2930	1066	24	their	their	PRON
cblr-2930	1066	25	actual	actual	ADJ
cblr-2930	1066	26	votes	vote	NOUN
cblr-2930	1066	27	may	may	AUX
cblr-2930	1066	28	tend	tend	VERB
cblr-2930	1066	29	to	to	PART
cblr-2930	1066	30	herd	herd	VERB
cblr-2930	1066	31	,	,	PUNCT
cblr-2930	1066	32	on	on	ADP
cblr-2930	1066	33	the	the	DET
cblr-2930	1066	34	theory	theory	NOUN
cblr-2930	1066	35	that	that	SCONJ
cblr-2930	1066	36	only	only	ADV
cblr-2930	1066	37	voting	vote	VERB
cblr-2930	1066	38	outliers	outlier	NOUN
cblr-2930	1066	39	can	can	AUX
cblr-2930	1066	40	be	be	AUX
cblr-2930	1066	41	subject	subject	ADJ
cblr-2930	1066	42	to	to	ADP
cblr-2930	1066	43	criticism	criticism	NOUN
cblr-2930	1066	44	"	"	PUNCT
cblr-2930	1066	45	)	)	PUNCT
cblr-2930	1066	46	.	.	PUNCT
cblr-2930	1067	1	828	828	NUM
cblr-2930	1068	1	[	[	X
cblr-2930	1068	2	vol	vol	NOUN
cblr-2930	1068	3	.	.	PUNCT
cblr-2930	1068	4	2010	2010	NUM
cblr-2930	1068	5	mechanisms	mechanism	NOUN
cblr-2930	1068	6	of	of	ADP
cblr-2930	1068	7	voting	vote	VERB
cblr-2930	1068	8	efficiency	efficiency	NOUN
cblr-2930	1068	9	to	to	PART
cblr-2930	1068	10	base	base	VERB
cblr-2930	1068	11	their	their	PRON
cblr-2930	1068	12	voting	voting	NOUN
cblr-2930	1068	13	decision	decision	NOUN
cblr-2930	1068	14	on	on	ADP
cblr-2930	1068	15	that	that	DET
cblr-2930	1068	16	recommendation.176	recommendation.176	NOUN
cblr-2930	1068	17	in	in	ADP
cblr-2930	1068	18	each	each	DET
cblr-2930	1068	19	case	case	NOUN
cblr-2930	1068	20	,	,	PUNCT
cblr-2930	1068	21	shareholders	shareholder	NOUN
cblr-2930	1068	22	would	would	AUX
cblr-2930	1068	23	ignore	ignore	VERB
cblr-2930	1068	24	their	their	PRON
cblr-2930	1068	25	own	own	ADJ
cblr-2930	1068	26	beliefs	belief	NOUN
cblr-2930	1068	27	.	.	PUNCT
cblr-2930	1069	1	notice	notice	VERB
cblr-2930	1069	2	that	that	SCONJ
cblr-2930	1069	3	a	a	DET
cblr-2930	1069	4	trade	trade	NOUN
cblr-2930	1069	5	-	-	PUNCT
cblr-2930	1069	6	off	off	NOUN
cblr-2930	1069	7	emerges	emerge	NOUN
cblr-2930	1069	8	between	between	ADP
cblr-2930	1069	9	independent	independent	ADJ
cblr-2930	1069	10	voting	voting	NOUN
cblr-2930	1069	11	and	and	CCONJ
cblr-2930	1069	12	informed	informed	ADJ
cblr-2930	1069	13	voting	voting	NOUN
cblr-2930	1069	14	.	.	PUNCT
cblr-2930	1070	1	while	while	SCONJ
cblr-2930	1070	2	iss	iss	PROPN
cblr-2930	1070	3	's	's	PART
cblr-2930	1070	4	recommendations	recommendation	NOUN
cblr-2930	1070	5	may	may	AUX
cblr-2930	1070	6	reduce	reduce	VERB
cblr-2930	1070	7	voter	voter	NOUN
cblr-2930	1070	8	independence	independence	NOUN
cblr-2930	1070	9	they	they	PRON
cblr-2930	1070	10	may	may	AUX
cblr-2930	1070	11	also	also	ADV
cblr-2930	1070	12	raise	raise	VERB
cblr-2930	1070	13	average	average	ADJ
cblr-2930	1070	14	competence	competence	NOUN
cblr-2930	1070	15	,	,	PUNCT
cblr-2930	1070	16	just	just	ADV
cblr-2930	1070	17	as	as	SCONJ
cblr-2930	1070	18	recommendations	recommendation	NOUN
cblr-2930	1070	19	of	of	ADP
cblr-2930	1070	20	other	other	ADJ
cblr-2930	1070	21	types	type	NOUN
cblr-2930	1070	22	of	of	ADP
cblr-2930	1070	23	opinion	opinion	NOUN
cblr-2930	1070	24	leaders	leader	NOUN
cblr-2930	1070	25	may	may	AUX
cblr-2930	1070	26	do	do	VERB
cblr-2930	1070	27	.	.	PUNCT
cblr-2930	1071	1	some	some	DET
cblr-2930	1071	2	evidence	evidence	NOUN
cblr-2930	1071	3	suggesting	suggest	VERB
cblr-2930	1071	4	that	that	SCONJ
cblr-2930	1071	5	iss	iss	PROPN
cblr-2930	1071	6	recommendations	recommendation	NOUN
cblr-2930	1071	7	raise	raise	VERB
cblr-2930	1071	8	average	average	ADJ
cblr-2930	1071	9	competence	competence	NOUN
cblr-2930	1071	10	is	be	AUX
cblr-2930	1071	11	provided	provide	VERB
cblr-2930	1071	12	by	by	ADP
cblr-2930	1071	13	a	a	DET
cblr-2930	1071	14	recent	recent	ADJ
cblr-2930	1071	15	study	study	NOUN
cblr-2930	1071	16	that	that	PRON
cblr-2930	1071	17	documents	document	VERB
cblr-2930	1071	18	significant	significant	ADJ
cblr-2930	1071	19	abnormal	abnormal	ADJ
cblr-2930	1071	20	returns	return	NOUN
cblr-2930	1071	21	around	around	ADP
cblr-2930	1071	22	iss	iss	PROPN
cblr-2930	1071	23	recommendations	recommendation	NOUN
cblr-2930	1071	24	in	in	ADP
cblr-2930	1071	25	proxy	proxy	ADJ
cblr-2930	1071	26	contests	contest	NOUN
cblr-2930	1071	27	.	.	PUNCT
cblr-2930	1072	1	"	"	PUNCT
cblr-2930	1072	2	'	'	PUNCT
cblr-2930	1072	3	to	to	PART
cblr-2930	1072	4	explain	explain	VERB
cblr-2930	1072	5	these	these	DET
cblr-2930	1072	6	returns	return	NOUN
cblr-2930	1072	7	,	,	PUNCT
cblr-2930	1072	8	the	the	DET
cblr-2930	1072	9	authors	author	NOUN
cblr-2930	1072	10	test	test	VERB
cblr-2930	1072	11	the	the	DET
cblr-2930	1072	12	hypothesis	hypothesis	NOUN
cblr-2930	1072	13	that	that	PRON
cblr-2930	1072	14	iss	iss	PROPN
cblr-2930	1072	15	recommendations	recommendation	NOUN
cblr-2930	1072	16	are	be	AUX
cblr-2930	1072	17	informative	informative	ADJ
cblr-2930	1072	18	about	about	ADP
cblr-2930	1072	19	the	the	DET
cblr-2930	1072	20	value	value	NOUN
cblr-2930	1072	21	that	that	PRON
cblr-2930	1072	22	a	a	DET
cblr-2930	1072	23	dissident	dissident	ADJ
cblr-2930	1072	24	team	team	NOUN
cblr-2930	1072	25	would	would	AUX
cblr-2930	1072	26	bring	bring	VERB
cblr-2930	1072	27	to	to	ADP
cblr-2930	1072	28	a	a	DET
cblr-2930	1072	29	firm	firm	NOUN
cblr-2930	1072	30	if	if	SCONJ
cblr-2930	1072	31	victorious	victorious	ADJ
cblr-2930	1072	32	,	,	PUNCT
cblr-2930	1072	33	and	and	CCONJ
cblr-2930	1072	34	find	find	VERB
cblr-2930	1072	35	that	that	SCONJ
cblr-2930	1072	36	they	they	PRON
cblr-2930	1072	37	are	be	AUX
cblr-2930	1072	38	.	.	PUNCT
cblr-2930	1073	1	78	78	NUM
cblr-2930	1073	2	apparently	apparently	ADV
cblr-2930	1073	3	,	,	PUNCT
cblr-2930	1073	4	the	the	DET
cblr-2930	1073	5	market	market	NOUN
cblr-2930	1073	6	perceives	perceive	VERB
cblr-2930	1073	7	iss	iss	PROPN
cblr-2930	1073	8	as	as	ADP
cblr-2930	1073	9	being	be	AUX
cblr-2930	1073	10	extraordinarily	extraordinarily	ADV
cblr-2930	1073	11	competent	competent	ADJ
cblr-2930	1073	12	.	.	PUNCT
cblr-2930	1074	1	if	if	SCONJ
cblr-2930	1074	2	this	this	PRON
cblr-2930	1074	3	is	be	AUX
cblr-2930	1074	4	correct	correct	ADJ
cblr-2930	1074	5	,	,	PUNCT
cblr-2930	1074	6	iss	iss	PROPN
cblr-2930	1074	7	recommendations	recommendation	NOUN
cblr-2930	1074	8	can	can	AUX
cblr-2930	1074	9	promote	promote	VERB
cblr-2930	1074	10	informed	informed	ADJ
cblr-2930	1074	11	voting	voting	NOUN
cblr-2930	1074	12	.	.	PUNCT
cblr-2930	1075	1	whether	whether	SCONJ
cblr-2930	1075	2	it	it	PRON
cblr-2930	1075	3	can	can	AUX
cblr-2930	1075	4	be	be	AUX
cblr-2930	1075	5	inferred	infer	VERB
cblr-2930	1075	6	from	from	ADP
cblr-2930	1075	7	the	the	DET
cblr-2930	1075	8	market	market	NOUN
cblr-2930	1075	9	's	's	PART
cblr-2930	1075	10	response	response	NOUN
cblr-2930	1075	11	that	that	SCONJ
cblr-2930	1075	12	iss	iss	PROPN
cblr-2930	1075	13	is	be	AUX
cblr-2930	1075	14	in	in	ADP
cblr-2930	1075	15	fact	fact	NOUN
cblr-2930	1075	16	extraordinarily	extraordinarily	ADV
cblr-2930	1075	17	competent	competent	ADJ
cblr-2930	1075	18	is	be	AUX
cblr-2930	1075	19	questionable	questionable	ADJ
cblr-2930	1075	20	.	.	PUNCT
cblr-2930	1076	1	investors	investor	NOUN
cblr-2930	1076	2	may	may	AUX
cblr-2930	1076	3	not	not	PART
cblr-2930	1076	4	accurately	accurately	ADV
cblr-2930	1076	5	perceive	perceive	VERB
cblr-2930	1076	6	the	the	DET
cblr-2930	1076	7	information	information	NOUN
cblr-2930	1076	8	content	content	NOUN
cblr-2930	1076	9	of	of	ADP
cblr-2930	1076	10	a	a	DET
cblr-2930	1076	11	recommendation	recommendation	NOUN
cblr-2930	1076	12	.	.	PUNCT
cblr-2930	1077	1	79	79	NUM
cblr-2930	1077	2	a	a	DET
cblr-2930	1077	3	somewhat	somewhat	ADV
cblr-2930	1077	4	similar	similar	ADJ
cblr-2930	1077	5	problem	problem	NOUN
cblr-2930	1077	6	exists	exist	VERB
cblr-2930	1077	7	with	with	ADP
cblr-2930	1077	8	respect	respect	NOUN
cblr-2930	1077	9	to	to	ADP
cblr-2930	1077	10	the	the	DET
cblr-2930	1077	11	judgments	judgment	NOUN
cblr-2930	1077	12	of	of	ADP
cblr-2930	1077	13	credit	credit	NOUN
cblr-2930	1077	14	rating	rating	NOUN
cblr-2930	1077	15	agencies	agency	NOUN
cblr-2930	1077	16	.	.	PUNCT
cblr-2930	1078	1	investors	investor	NOUN
cblr-2930	1078	2	'	'	PART
cblr-2930	1078	3	responses	response	NOUN
cblr-2930	1078	4	to	to	ADP
cblr-2930	1078	5	downgrades	downgrade	NOUN
cblr-2930	1078	6	can	can	AUX
cblr-2930	1078	7	be	be	AUX
cblr-2930	1078	8	quite	quite	ADV
cblr-2930	1078	9	dramatic	dramatic	ADJ
cblr-2930	1078	10	,	,	PUNCT
cblr-2930	1078	11	as	as	SCONJ
cblr-2930	1078	12	evidenced	evidence	VERB
cblr-2930	1078	13	by	by	ADP
cblr-2930	1078	14	the	the	DET
cblr-2930	1078	15	sharp	sharp	ADJ
cblr-2930	1078	16	declines	decline	NOUN
cblr-2930	1078	17	in	in	ADP
cblr-2930	1078	18	share	share	NOUN
cblr-2930	1078	19	prices	price	NOUN
cblr-2930	1078	20	following	follow	VERB
cblr-2930	1078	21	the	the	DET
cblr-2930	1078	22	rating	rating	NOUN
cblr-2930	1078	23	agencies	agency	NOUN
cblr-2930	1078	24	'	'	PART
cblr-2930	1078	25	downgrades	downgrade	NOUN
cblr-2930	1078	26	of	of	ADP
cblr-2930	1078	27	debt	debt	NOUN
cblr-2930	1078	28	issued	issue	VERB
cblr-2930	1078	29	by	by	ADP
cblr-2930	1078	30	171	171	NUM
cblr-2930	1078	31	see	see	NOUN
cblr-2930	1078	32	supra	supra	PROPN
cblr-2930	1078	33	note	note	NOUN
cblr-2930	1078	34	91	91	NUM
cblr-2930	1078	35	and	and	CCONJ
cblr-2930	1078	36	accompanying	accompany	VERB
cblr-2930	1078	37	text	text	NOUN
cblr-2930	1078	38	(	(	PUNCT
cblr-2930	1078	39	explaining	explain	VERB
cblr-2930	1078	40	the	the	DET
cblr-2930	1078	41	incentives	incentive	NOUN
cblr-2930	1078	42	to	to	PART
cblr-2930	1078	43	engage	engage	VERB
cblr-2930	1078	44	in	in	ADP
cblr-2930	1078	45	epistemic	epistemic	ADJ
cblr-2930	1078	46	free	free	ADJ
cblr-2930	1078	47	riding	riding	NOUN
cblr-2930	1078	48	)	)	PUNCT
cblr-2930	1078	49	.	.	PUNCT
cblr-2930	1079	1	177	177	NUM
cblr-2930	1079	2	cindy	cindy	PROPN
cblr-2930	1079	3	r.	r.	PROPN
cblr-2930	1079	4	alexander	alexander	PROPN
cblr-2930	1079	5	et	et	PROPN
cblr-2930	1079	6	al	al	PROPN
cblr-2930	1079	7	.	.	PROPN
cblr-2930	1079	8	,	,	PUNCT
cblr-2930	1079	9	interim	interim	ADJ
cblr-2930	1079	10	news	news	NOUN
cblr-2930	1079	11	and	and	CCONJ
cblr-2930	1079	12	the	the	DET
cblr-2930	1079	13	role	role	NOUN
cblr-2930	1079	14	of	of	ADP
cblr-2930	1079	15	proxy	proxy	ADJ
cblr-2930	1079	16	voting	voting	NOUN
cblr-2930	1079	17	advice	advice	NOUN
cblr-2930	1079	18	,	,	PUNCT
cblr-2930	1079	19	18	18	NUM
cblr-2930	1079	20	(	(	PUNCT
cblr-2930	1079	21	review	review	NOUN
cblr-2930	1079	22	of	of	ADP
cblr-2930	1079	23	fin	fin	NOUN
cblr-2930	1079	24	.	.	PUNCT
cblr-2930	1080	1	stud	stud	PROPN
cblr-2930	1080	2	.	.	PUNCT
cblr-2930	1080	3	,	,	PUNCT
cblr-2930	1081	1	forthcoming	forthcoming	ADJ
cblr-2930	1081	2	)	)	PUNCT
cblr-2930	1081	3	,	,	PUNCT
cblr-2930	1081	4	available	available	ADJ
cblr-2930	1081	5	at	at	ADP
cblr-2930	1081	6	http://ssrn.com/	http://ssrn.com/	PROPN
cblr-2930	1081	7	abstract-1683485	abstract-1683485	NOUN
cblr-2930	1081	8	(	(	PUNCT
cblr-2930	1081	9	finding	find	VERB
cblr-2930	1081	10	that	that	SCONJ
cblr-2930	1081	11	recommendations	recommendation	NOUN
cblr-2930	1081	12	for	for	ADP
cblr-2930	1081	13	dissidents	dissident	NOUN
cblr-2930	1081	14	are	be	AUX
cblr-2930	1081	15	associated	associate	VERB
cblr-2930	1081	16	with	with	ADP
cblr-2930	1081	17	positive	positive	ADJ
cblr-2930	1081	18	abnormal	abnormal	ADJ
cblr-2930	1081	19	returns	return	NOUN
cblr-2930	1081	20	of	of	ADP
cblr-2930	1081	21	3.76	3.76	NUM
cblr-2930	1081	22	%	%	NOUN
cblr-2930	1081	23	)	)	PUNCT
cblr-2930	1081	24	.	.	PUNCT
cblr-2930	1082	1	171	171	NUM
cblr-2930	1083	1	i	i	PRON
cblr-2930	1083	2	d.	d.	PROPN
cblr-2930	1083	3	at	at	ADP
cblr-2930	1083	4	25	25	NUM
cblr-2930	1083	5	-	-	SYM
cblr-2930	1083	6	30	30	NUM
cblr-2930	1083	7	.	.	PUNCT
cblr-2930	1084	1	see	see	VERB
cblr-2930	1084	2	also	also	ADV
cblr-2930	1084	3	alon	alon	PROPN
cblr-2930	1084	4	bray	bray	PROPN
cblr-2930	1084	5	et	et	PROPN
cblr-2930	1084	6	al	al	PROPN
cblr-2930	1084	7	.	.	PROPN
cblr-2930	1084	8	,	,	PUNCT
cblr-2930	1084	9	hedge	hedge	NOUN
cblr-2930	1084	10	fund	fund	NOUN
cblr-2930	1084	11	activism	activism	NOUN
cblr-2930	1084	12	,	,	PUNCT
cblr-2930	1084	13	corporate	corporate	ADJ
cblr-2930	1084	14	governance	governance	NOUN
cblr-2930	1084	15	,	,	PUNCT
cblr-2930	1084	16	and	and	CCONJ
cblr-2930	1084	17	firm	firm	ADJ
cblr-2930	1084	18	performance	performance	NOUN
cblr-2930	1084	19	,	,	PUNCT
cblr-2930	1084	20	63	63	NUM
cblr-2930	1084	21	j.	j.	PROPN
cblr-2930	1084	22	fin	fin	PROPN
cblr-2930	1084	23	.	.	PROPN
cblr-2930	1085	1	1729	1729	NUM
cblr-2930	1085	2	,	,	PUNCT
cblr-2930	1085	3	1744	1744	NUM
cblr-2930	1085	4	(	(	PUNCT
cblr-2930	1085	5	2008	2008	NUM
cblr-2930	1085	6	)	)	PUNCT
cblr-2930	1085	7	(	(	PUNCT
cblr-2930	1085	8	offering	offer	VERB
cblr-2930	1085	9	favorable	favorable	ADJ
cblr-2930	1085	10	iss	iss	PROPN
cblr-2930	1085	11	recommendations	recommendation	NOUN
cblr-2930	1085	12	as	as	ADP
cblr-2930	1085	13	a	a	DET
cblr-2930	1085	14	possible	possible	ADJ
cblr-2930	1085	15	explanation	explanation	NOUN
cblr-2930	1085	16	for	for	ADP
cblr-2930	1085	17	the	the	DET
cblr-2930	1085	18	high	high	ADJ
cblr-2930	1085	19	success	success	NOUN
cblr-2930	1085	20	rate	rate	NOUN
cblr-2930	1085	21	of	of	ADP
cblr-2930	1085	22	activist	activist	ADJ
cblr-2930	1085	23	hedge	hedge	NOUN
cblr-2930	1085	24	funds	fund	NOUN
cblr-2930	1085	25	in	in	ADP
cblr-2930	1085	26	proxy	proxy	ADJ
cblr-2930	1085	27	votes	vote	NOUN
cblr-2930	1085	28	for	for	ADP
cblr-2930	1085	29	corporate	corporate	ADJ
cblr-2930	1085	30	control	control	NOUN
cblr-2930	1085	31	)	)	PUNCT
cblr-2930	1085	32	.	.	PUNCT
cblr-2930	1086	1	179	179	NUM
cblr-2930	1086	2	stephen	stephen	PROPN
cblr-2930	1086	3	j.	j.	PROPN
cblr-2930	1086	4	choi	choi	PROPN
cblr-2930	1086	5	,	,	PUNCT
cblr-2930	1086	6	jill	jill	PROPN
cblr-2930	1086	7	e.	e.	PROPN
cblr-2930	1086	8	fisch	fisch	PROPN
cblr-2930	1086	9	&	&	CCONJ
cblr-2930	1086	10	marcel	marcel	PROPN
cblr-2930	1086	11	kahan	kahan	PROPN
cblr-2930	1086	12	,	,	PUNCT
cblr-2930	1086	13	director	director	NOUN
cblr-2930	1086	14	elections	election	NOUN
cblr-2930	1086	15	and	and	CCONJ
cblr-2930	1086	16	the	the	DET
cblr-2930	1086	17	role	role	NOUN
cblr-2930	1086	18	of	of	ADP
cblr-2930	1086	19	proxy	proxy	ADJ
cblr-2930	1086	20	advisors	advisor	NOUN
cblr-2930	1086	21	,	,	PUNCT
cblr-2930	1086	22	82	82	NUM
cblr-2930	1086	23	s.	s.	PROPN
cblr-2930	1086	24	cal	cal	PROPN
cblr-2930	1086	25	.	.	PUNCT
cblr-2930	1087	1	l.	l.	PROPN
cblr-2930	1087	2	rev	rev	PROPN
cblr-2930	1087	3	.	.	PROPN
cblr-2930	1087	4	649	649	NUM
cblr-2930	1087	5	,	,	PUNCT
cblr-2930	1087	6	696	696	NUM
cblr-2930	1087	7	-	-	SYM
cblr-2930	1087	8	97	97	NUM
cblr-2930	1087	9	(	(	PUNCT
cblr-2930	1087	10	2009	2009	NUM
cblr-2930	1087	11	)	)	PUNCT
cblr-2930	1087	12	(	(	PUNCT
cblr-2930	1087	13	finding	find	VERB
cblr-2930	1087	14	that	that	SCONJ
cblr-2930	1087	15	proxy	proxy	NOUN
cblr-2930	1087	16	advisers	adviser	NOUN
cblr-2930	1087	17	use	use	VERB
cblr-2930	1087	18	different	different	ADJ
cblr-2930	1087	19	factors	factor	NOUN
cblr-2930	1087	20	in	in	ADP
cblr-2930	1087	21	making	make	VERB
cblr-2930	1087	22	their	their	PRON
cblr-2930	1087	23	recommendations	recommendation	NOUN
cblr-2930	1087	24	and	and	CCONJ
cblr-2930	1087	25	noting	note	VERB
cblr-2930	1087	26	that	that	SCONJ
cblr-2930	1087	27	to	to	ADP
cblr-2930	1087	28	the	the	DET
cblr-2930	1087	29	extent	extent	NOUN
cblr-2930	1087	30	that	that	SCONJ
cblr-2930	1087	31	investors	investor	NOUN
cblr-2930	1087	32	are	be	AUX
cblr-2930	1087	33	not	not	PART
cblr-2930	1087	34	aware	aware	ADJ
cblr-2930	1087	35	of	of	ADP
cblr-2930	1087	36	these	these	DET
cblr-2930	1087	37	factors	factor	NOUN
cblr-2930	1087	38	,	,	PUNCT
cblr-2930	1087	39	they	they	PRON
cblr-2930	1087	40	may	may	AUX
cblr-2930	1087	41	not	not	PART
cblr-2930	1087	42	accurately	accurately	ADV
cblr-2930	1087	43	perceive	perceive	VERB
cblr-2930	1087	44	the	the	DET
cblr-2930	1087	45	information	information	NOUN
cblr-2930	1087	46	content	content	NOUN
cblr-2930	1087	47	associated	associate	VERB
cblr-2930	1087	48	with	with	ADP
cblr-2930	1087	49	a	a	DET
cblr-2930	1087	50	withhold	withhold	ADJ
cblr-2930	1087	51	recommendation	recommendation	NOUN
cblr-2930	1087	52	)	)	PUNCT
cblr-2930	1087	53	.	.	PUNCT
cblr-2930	1088	1	no	no	INTJ
cblr-2930	1088	2	.	.	PUNCT
cblr-2930	1089	1	3:763]1	3:763]1	NUM
cblr-2930	1089	2	829	829	NUM
cblr-2930	1089	3	southern	southern	ADJ
cblr-2930	1089	4	european	european	ADJ
cblr-2930	1089	5	countries	country	NOUN
cblr-2930	1089	6	such	such	ADJ
cblr-2930	1089	7	as	as	ADP
cblr-2930	1089	8	greece	greece	PROPN
cblr-2930	1089	9	this	this	DET
cblr-2930	1089	10	past	past	ADJ
cblr-2930	1089	11	spring	spring	NOUN
cblr-2930	1089	12	.	.	PUNCT
cblr-2930	1090	1	"	"	PUNCT
cblr-2930	1090	2	'	'	PUNCT
cblr-2930	1090	3	this	this	PRON
cblr-2930	1090	4	raises	raise	VERB
cblr-2930	1090	5	concern	concern	NOUN
cblr-2930	1090	6	as	as	ADP
cblr-2930	1090	7	to	to	ADP
cblr-2930	1090	8	whether	whether	SCONJ
cblr-2930	1090	9	the	the	DET
cblr-2930	1090	10	market	market	NOUN
cblr-2930	1090	11	's	's	PART
cblr-2930	1090	12	response	response	NOUN
cblr-2930	1090	13	is	be	AUX
cblr-2930	1090	14	proportionate	proportionate	ADJ
cblr-2930	1090	15	to	to	ADP
cblr-2930	1090	16	the	the	DET
cblr-2930	1090	17	information	information	NOUN
cblr-2930	1090	18	content	content	NOUN
cblr-2930	1090	19	of	of	ADP
cblr-2930	1090	20	such	such	DET
cblr-2930	1090	21	a	a	DET
cblr-2930	1090	22	downgrading	downgrading	NOUN
cblr-2930	1090	23	.	.	PUNCT
cblr-2930	1091	1	indeed	indeed	ADV
cblr-2930	1091	2	,	,	PUNCT
cblr-2930	1091	3	david	david	PROPN
cblr-2930	1091	4	beers	beers	PROPN
cblr-2930	1091	5	,	,	PUNCT
cblr-2930	1091	6	head	head	NOUN
cblr-2930	1091	7	of	of	ADP
cblr-2930	1091	8	sovereign	sovereign	ADJ
cblr-2930	1091	9	ratings	rating	NOUN
cblr-2930	1091	10	of	of	ADP
cblr-2930	1091	11	standard	standard	PROPN
cblr-2930	1091	12	&	&	CCONJ
cblr-2930	1091	13	poor	poor	PROPN
cblr-2930	1091	14	's	's	PART
cblr-2930	1091	15	,	,	PUNCT
cblr-2930	1091	16	a	a	DET
cblr-2930	1091	17	major	major	ADJ
cblr-2930	1091	18	credit	credit	NOUN
cblr-2930	1091	19	rating	rating	NOUN
cblr-2930	1091	20	agency	agency	NOUN
cblr-2930	1091	21	,	,	PUNCT
cblr-2930	1091	22	was	be	AUX
cblr-2930	1091	23	recently	recently	ADV
cblr-2930	1091	24	quoted	quote	VERB
cblr-2930	1091	25	as	as	ADP
cblr-2930	1091	26	saying	say	VERB
cblr-2930	1091	27	that	that	SCONJ
cblr-2930	1091	28	"	"	PUNCT
cblr-2930	1091	29	[	[	X
cblr-2930	1091	30	p]eople	p]eople	NOUN
cblr-2930	1091	31	's	's	PART
cblr-2930	1091	32	perceptions	perception	NOUN
cblr-2930	1091	33	are	be	AUX
cblr-2930	1091	34	that	that	SCONJ
cblr-2930	1091	35	a	a	DET
cblr-2930	1091	36	downgrade	downgrade	NOUN
cblr-2930	1091	37	from	from	ADP
cblr-2930	1091	38	aaa	aaa	NOUN
cblr-2930	1091	39	means	mean	VERB
cblr-2930	1091	40	that	that	SCONJ
cblr-2930	1091	41	minutes	minute	NOUN
cblr-2930	1091	42	later	later	ADV
cblr-2930	1091	43	you	you	PRON
cblr-2930	1091	44	default	default	VERB
cblr-2930	1091	45	,	,	PUNCT
cblr-2930	1091	46	but	but	CCONJ
cblr-2930	1091	47	in	in	ADP
cblr-2930	1091	48	fact	fact	NOUN
cblr-2930	1091	49	it	it	PRON
cblr-2930	1091	50	means	mean	VERB
cblr-2930	1091	51	only	only	ADV
cblr-2930	1091	52	a	a	DET
cblr-2930	1091	53	slight	slight	ADJ
cblr-2930	1091	54	increase	increase	NOUN
cblr-2930	1091	55	in	in	ADP
cblr-2930	1091	56	default	default	NOUN
cblr-2930	1091	57	risk	risk	NOUN
cblr-2930	1091	58	.	.	PUNCT
cblr-2930	1091	59	"	"	PUNCT
cblr-2930	1091	60	'	'	PUNCT
cblr-2930	1091	61	skepticism	skepticism	NOUN
cblr-2930	1091	62	is	be	AUX
cblr-2930	1091	63	also	also	ADV
cblr-2930	1091	64	warranted	warrant	VERB
cblr-2930	1091	65	when	when	SCONJ
cblr-2930	1091	66	we	we	PRON
cblr-2930	1091	67	turn	turn	VERB
cblr-2930	1091	68	our	our	PRON
cblr-2930	1091	69	attention	attention	NOUN
cblr-2930	1091	70	from	from	ADP
cblr-2930	1091	71	iss	iss	PROPN
cblr-2930	1091	72	's	's	PART
cblr-2930	1091	73	proxy	proxy	ADJ
cblr-2930	1091	74	advice	advice	NOUN
cblr-2930	1091	75	to	to	ADP
cblr-2930	1091	76	its	its	PRON
cblr-2930	1091	77	corporate	corporate	ADJ
cblr-2930	1091	78	governance	governance	NOUN
cblr-2930	1091	79	ratings	rating	NOUN
cblr-2930	1091	80	,	,	PUNCT
cblr-2930	1091	81	which	which	PRON
cblr-2930	1091	82	may	may	AUX
cblr-2930	1091	83	indirectly	indirectly	ADV
cblr-2930	1091	84	influence	influence	VERB
cblr-2930	1091	85	voting	voting	NOUN
cblr-2930	1091	86	behavior	behavior	NOUN
cblr-2930	1091	87	on	on	ADP
cblr-2930	1091	88	,	,	PUNCT
cblr-2930	1091	89	for	for	ADP
cblr-2930	1091	90	example	example	NOUN
cblr-2930	1091	91	,	,	PUNCT
cblr-2930	1091	92	proposed	propose	VERB
cblr-2930	1091	93	by	by	ADP
cblr-2930	1091	94	-	-	PUNCT
cblr-2930	1091	95	law	law	NOUN
cblr-2930	1091	96	amendments	amendment	NOUN
cblr-2930	1091	97	.	.	PUNCT
cblr-2930	1092	1	the	the	DET
cblr-2930	1092	2	main	main	ADJ
cblr-2930	1092	3	thrust	thrust	NOUN
cblr-2930	1092	4	of	of	ADP
cblr-2930	1092	5	criticism	criticism	NOUN
cblr-2930	1092	6	is	be	AUX
cblr-2930	1092	7	that	that	SCONJ
cblr-2930	1092	8	iss	iss	PROPN
cblr-2930	1092	9	's	's	PART
cblr-2930	1092	10	one	one	NUM
cblr-2930	1092	11	-	-	PUNCT
cblr-2930	1092	12	size	size	NOUN
cblr-2930	1092	13	-	-	PUNCT
cblr-2930	1092	14	fits	fit	VERB
cblr-2930	1092	15	-	-	PUNCT
cblr-2930	1092	16	all	all	PRON
cblr-2930	1092	17	rating	rating	NOUN
cblr-2930	1092	18	methodology	methodology	NOUN
cblr-2930	1092	19	fails	fail	VERB
cblr-2930	1092	20	to	to	PART
cblr-2930	1092	21	account	account	VERB
cblr-2930	1092	22	for	for	ADP
cblr-2930	1092	23	firm	firm	ADJ
cblr-2930	1092	24	-	-	PUNCT
cblr-2930	1092	25	specific	specific	ADJ
cblr-2930	1092	26	characteristics.18	characteristics.18	NOUN
cblr-2930	1092	27	2	2	NUM
cblr-2930	1092	28	indeed	indeed	ADV
cblr-2930	1092	29	,	,	PUNCT
cblr-2930	1092	30	empirical	empirical	ADJ
cblr-2930	1092	31	evidence	evidence	NOUN
cblr-2930	1092	32	suggests	suggest	VERB
cblr-2930	1092	33	that	that	SCONJ
cblr-2930	1092	34	governance	governance	NOUN
cblr-2930	1092	35	ratings	rating	NOUN
cblr-2930	1092	36	have	have	AUX
cblr-2930	1092	37	failed	fail	VERB
cblr-2930	1092	38	to	to	PART
cblr-2930	1092	39	adequately	adequately	ADV
cblr-2930	1092	40	predict	predict	VERB
cblr-2930	1092	41	risks	risk	NOUN
cblr-2930	1092	42	associated	associate	VERB
cblr-2930	1092	43	with	with	ADP
cblr-2930	1092	44	governance	governance	NOUN
cblr-2930	1092	45	structures	structure	NOUN
cblr-2930	1092	46	-	-	PUNCT
cblr-2930	1092	47	just	just	ADV
cblr-2930	1092	48	as	as	SCONJ
cblr-2930	1092	49	credit	credit	NOUN
cblr-2930	1092	50	rating	rating	NOUN
cblr-2930	1092	51	agencies	agency	NOUN
cblr-2930	1092	52	have	have	AUX
cblr-2930	1092	53	failed	fail	VERB
cblr-2930	1092	54	to	to	PART
cblr-2930	1092	55	adequately	adequately	ADV
cblr-2930	1092	56	predict	predict	VERB
cblr-2930	1092	57	risks	risk	NOUN
cblr-2930	1092	58	associated	associate	VERB
cblr-2930	1092	59	with	with	ADP
cblr-2930	1092	60	financial	financial	ADJ
cblr-2930	1092	61	structures.s3	structures.s3	PROPN
cblr-2930	1092	62	18	18	NUM
cblr-2930	1092	63	see	see	VERB
cblr-2930	1092	64	jack	jack	PROPN
cblr-2930	1092	65	ewing	ewing	PROPN
cblr-2930	1092	66	&	&	CCONJ
cblr-2930	1092	67	jack	jack	PROPN
cblr-2930	1092	68	healy	healy	PROPN
cblr-2930	1092	69	,	,	PUNCT
cblr-2930	1092	70	cuts	cut	VERB
cblr-2930	1092	71	to	to	ADP
cblr-2930	1092	72	debt	debt	NOUN
cblr-2930	1092	73	rating	rating	NOUN
cblr-2930	1092	74	stir	stir	NOUN
cblr-2930	1092	75	anxiety	anxiety	NOUN
cblr-2930	1092	76	in	in	ADP
cblr-2930	1092	77	europe	europe	PROPN
cblr-2930	1092	78	,	,	PUNCT
cblr-2930	1092	79	n.y	n.y	PROPN
cblr-2930	1092	80	.	.	PROPN
cblr-2930	1092	81	times	times	PROPN
cblr-2930	1092	82	,	,	PUNCT
cblr-2930	1092	83	apr	apr	PROPN
cblr-2930	1092	84	.	.	PROPN
cblr-2930	1092	85	28	28	NUM
cblr-2930	1092	86	,	,	PUNCT
cblr-2930	1092	87	2010	2010	NUM
cblr-2930	1092	88	,	,	PUNCT
cblr-2930	1092	89	available	available	ADJ
cblr-2930	1092	90	at	at	ADP
cblr-2930	1092	91	http://www.nytimes.com/	http://www.nytimes.com/	NOUN
cblr-2930	1092	92	2010/04/28	2010/04/28	NUM
cblr-2930	1092	93	/	/	SYM
cblr-2930	1092	94	business	business	NOUN
cblr-2930	1092	95	/	/	SYM
cblr-2930	1092	96	global/28drachma.html	global/28drachma.html	PROPN
cblr-2930	1092	97	.	.	PUNCT
cblr-2930	1093	1	11	11	NUM
cblr-2930	1093	2	judging	judge	VERB
cblr-2930	1093	3	the	the	DET
cblr-2930	1093	4	judges	judge	NOUN
cblr-2930	1093	5	,	,	PUNCT
cblr-2930	1093	6	economist	economist	NOUN
cblr-2930	1093	7	,	,	PUNCT
cblr-2930	1093	8	june	june	PROPN
cblr-2930	1093	9	26	26	NUM
cblr-2930	1093	10	,	,	PUNCT
cblr-2930	1093	11	2010	2010	NUM
cblr-2930	1093	12	,	,	PUNCT
cblr-2930	1093	13	at	at	ADP
cblr-2930	1093	14	13	13	NUM
cblr-2930	1093	15	.	.	PUNCT
cblr-2930	1094	1	this	this	PRON
cblr-2930	1094	2	goes	go	VERB
cblr-2930	1094	3	back	back	ADV
cblr-2930	1094	4	to	to	ADP
cblr-2930	1094	5	the	the	DET
cblr-2930	1094	6	earlier	early	ADJ
cblr-2930	1094	7	observation	observation	NOUN
cblr-2930	1094	8	that	that	SCONJ
cblr-2930	1094	9	market	market	NOUN
cblr-2930	1094	10	prices	price	NOUN
cblr-2930	1094	11	may	may	AUX
cblr-2930	1094	12	deviate	deviate	VERB
cblr-2930	1094	13	from	from	ADP
cblr-2930	1094	14	fundamental	fundamental	ADJ
cblr-2930	1094	15	values	value	NOUN
cblr-2930	1094	16	.	.	PUNCT
cblr-2930	1095	1	see	see	VERB
cblr-2930	1095	2	supra	supra	PROPN
cblr-2930	1095	3	note	note	PROPN
cblr-2930	1095	4	34	34	NUM
cblr-2930	1095	5	and	and	CCONJ
cblr-2930	1095	6	accompanying	accompany	VERB
cblr-2930	1095	7	text	text	NOUN
cblr-2930	1095	8	.	.	PUNCT
cblr-2930	1096	1	1	1	NUM
cblr-2930	1096	2	"	"	PUNCT
cblr-2930	1096	3	see	see	VERB
cblr-2930	1096	4	paul	paul	PROPN
cblr-2930	1096	5	rose	rise	VERB
cblr-2930	1096	6	,	,	PUNCT
cblr-2930	1096	7	the	the	DET
cblr-2930	1096	8	corporate	corporate	ADJ
cblr-2930	1096	9	governance	governance	NOUN
cblr-2930	1096	10	industry	industry	NOUN
cblr-2930	1096	11	,	,	PUNCT
cblr-2930	1096	12	32	32	NUM
cblr-2930	1096	13	j.	j.	PROPN
cblr-2930	1096	14	corp	corp	PROPN
cblr-2930	1096	15	.	.	PROPN
cblr-2930	1096	16	l.	l.	PROPN
cblr-2930	1096	17	887	887	NUM
cblr-2930	1096	18	,	,	PUNCT
cblr-2930	1096	19	917	917	NUM
cblr-2930	1096	20	(	(	PUNCT
cblr-2930	1096	21	2007	2007	NUM
cblr-2930	1096	22	)	)	PUNCT
cblr-2930	1096	23	(	(	PUNCT
cblr-2930	1096	24	noting	note	VERB
cblr-2930	1096	25	that	that	SCONJ
cblr-2930	1096	26	"	"	PUNCT
cblr-2930	1096	27	the	the	DET
cblr-2930	1096	28	imposition	imposition	NOUN
cblr-2930	1096	29	of	of	ADP
cblr-2930	1096	30	governance	governance	NOUN
cblr-2930	1096	31	metrics	metric	NOUN
cblr-2930	1096	32	.	.	PUNCT
cblr-2930	1097	1	..	..	PUNCT
cblr-2930	1097	2	compels	compel	VERB
cblr-2930	1097	3	a	a	DET
cblr-2930	1097	4	rigid	rigid	ADJ
cblr-2930	1097	5	set	set	NOUN
cblr-2930	1097	6	of	of	ADP
cblr-2930	1097	7	acceptable	acceptable	ADJ
cblr-2930	1097	8	practices	practice	NOUN
cblr-2930	1097	9	in	in	ADP
cblr-2930	1097	10	a	a	DET
cblr-2930	1097	11	context	context	NOUN
cblr-2930	1097	12	where	where	SCONJ
cblr-2930	1097	13	flexibility	flexibility	NOUN
cblr-2930	1097	14	should	should	AUX
cblr-2930	1097	15	be	be	AUX
cblr-2930	1097	16	a	a	DET
cblr-2930	1097	17	goal	goal	NOUN
cblr-2930	1097	18	"	"	PUNCT
cblr-2930	1097	19	)	)	PUNCT
cblr-2930	1097	20	;	;	PUNCT
cblr-2930	1097	21	lucian	lucian	PROPN
cblr-2930	1097	22	a.	a.	PROPN
cblr-2930	1097	23	bebchuk	bebchuk	PROPN
cblr-2930	1097	24	&	&	CCONJ
cblr-2930	1097	25	assaf	assaf	PROPN
cblr-2930	1097	26	hamdani	hamdani	PROPN
cblr-2930	1097	27	,	,	PUNCT
cblr-2930	1097	28	the	the	DET
cblr-2930	1097	29	elusive	elusive	ADJ
cblr-2930	1097	30	quest	quest	NOUN
cblr-2930	1097	31	for	for	ADP
cblr-2930	1097	32	global	global	ADJ
cblr-2930	1097	33	governance	governance	NOUN
cblr-2930	1097	34	standards	standard	NOUN
cblr-2930	1097	35	,	,	PUNCT
cblr-2930	1097	36	157	157	NUM
cblr-2930	1097	37	u.	u.	PROPN
cblr-2930	1097	38	pa	pa	PROPN
cblr-2930	1097	39	.	.	PROPN
cblr-2930	1097	40	l.	l.	PROPN
cblr-2930	1097	41	rev	rev	PROPN
cblr-2930	1097	42	.	.	PROPN
cblr-2930	1097	43	1263	1263	NUM
cblr-2930	1097	44	(	(	PUNCT
cblr-2930	1097	45	2009	2009	NUM
cblr-2930	1097	46	)	)	PUNCT
cblr-2930	1097	47	(	(	PUNCT
cblr-2930	1097	48	arguing	argue	VERB
cblr-2930	1097	49	that	that	SCONJ
cblr-2930	1097	50	the	the	DET
cblr-2930	1097	51	methodology	methodology	NOUN
cblr-2930	1097	52	fails	fail	VERB
cblr-2930	1097	53	to	to	PART
cblr-2930	1097	54	take	take	VERB
cblr-2930	1097	55	into	into	ADP
cblr-2930	1097	56	account	account	NOUN
cblr-2930	1097	57	the	the	DET
cblr-2930	1097	58	governance	governance	NOUN
cblr-2930	1097	59	implications	implication	NOUN
cblr-2930	1097	60	of	of	ADP
cblr-2930	1097	61	differences	difference	NOUN
cblr-2930	1097	62	in	in	ADP
cblr-2930	1097	63	ownership	ownership	NOUN
cblr-2930	1097	64	structure	structure	NOUN
cblr-2930	1097	65	)	)	PUNCT
cblr-2930	1097	66	;	;	PUNCT
cblr-2930	1097	67	see	see	VERB
cblr-2930	1097	68	also	also	ADV
cblr-2930	1097	69	sanjai	sanjai	VERB
cblr-2930	1097	70	bhagat	bhagat	PROPN
cblr-2930	1097	71	,	,	PUNCT
cblr-2930	1097	72	brian	brian	PROPN
cblr-2930	1097	73	bolton	bolton	PROPN
cblr-2930	1097	74	&	&	CCONJ
cblr-2930	1097	75	roberta	roberta	PROPN
cblr-2930	1097	76	romano	romano	PROPN
cblr-2930	1097	77	,	,	PUNCT
cblr-2930	1097	78	the	the	DET
cblr-2930	1097	79	promise	promise	NOUN
cblr-2930	1097	80	and	and	CCONJ
cblr-2930	1097	81	peril	peril	NOUN
cblr-2930	1097	82	of	of	ADP
cblr-2930	1097	83	corporate	corporate	ADJ
cblr-2930	1097	84	governance	governance	NOUN
cblr-2930	1097	85	indices	index	NOUN
cblr-2930	1097	86	,	,	PUNCT
cblr-2930	1097	87	108	108	NUM
cblr-2930	1097	88	colum	colum	NOUN
cblr-2930	1097	89	.	.	PUNCT
cblr-2930	1098	1	l.	l.	PROPN
cblr-2930	1098	2	rev	rev	PROPN
cblr-2930	1098	3	.	.	PROPN
cblr-2930	1098	4	1803	1803	NUM
cblr-2930	1098	5	,	,	PUNCT
cblr-2930	1098	6	1808	1808	NUM
cblr-2930	1098	7	(	(	PUNCT
cblr-2930	1098	8	2008	2008	NUM
cblr-2930	1098	9	)	)	PUNCT
cblr-2930	1098	10	(	(	PUNCT
cblr-2930	1098	11	focusing	focus	VERB
cblr-2930	1098	12	on	on	ADP
cblr-2930	1098	13	academic	academic	ADJ
cblr-2930	1098	14	corporate	corporate	ADJ
cblr-2930	1098	15	governance	governance	NOUN
cblr-2930	1098	16	indices	index	NOUN
cblr-2930	1098	17	)	)	PUNCT
cblr-2930	1098	18	.	.	PUNCT
cblr-2930	1099	1	1	1	NUM
cblr-2930	1099	2	robert	robert	PROPN
cblr-2930	1099	3	m.	m.	PROPN
cblr-2930	1099	4	daines	daine	NOUN
cblr-2930	1099	5	,	,	PUNCT
cblr-2930	1099	6	ian	ian	PROPN
cblr-2930	1099	7	d.	d.	PROPN
cblr-2930	1099	8	gow	gow	PROPN
cblr-2930	1099	9	&	&	CCONJ
cblr-2930	1099	10	david	david	PROPN
cblr-2930	1099	11	f.	f.	PROPN
cblr-2930	1099	12	larcker	larcker	PROPN
cblr-2930	1099	13	,	,	PUNCT
cblr-2930	1099	14	rating	rate	VERB
cblr-2930	1099	15	the	the	DET
cblr-2930	1099	16	ratings	rating	NOUN
cblr-2930	1099	17	:	:	PUNCT
cblr-2930	1099	18	how	how	SCONJ
cblr-2930	1099	19	good	good	ADJ
cblr-2930	1099	20	are	be	AUX
cblr-2930	1099	21	commercial	commercial	ADJ
cblr-2930	1099	22	governance	governance	NOUN
cblr-2930	1099	23	ratings	rating	NOUN
cblr-2930	1099	24	?	?	PUNCT
cblr-2930	1100	1	(	(	PUNCT
cblr-2930	1100	2	stanford	stanford	PROPN
cblr-2930	1100	3	univ	univ	PROPN
cblr-2930	1100	4	.	.	PUNCT
cblr-2930	1101	1	sch	sch	PROPN
cblr-2930	1101	2	.	.	PROPN
cblr-2930	1102	1	of	of	ADP
cblr-2930	1102	2	law	law	NOUN
cblr-2930	1102	3	,	,	PUNCT
cblr-2930	1102	4	rock	rock	PROPN
cblr-2930	1102	5	ctr	ctr	PROPN
cblr-2930	1102	6	.	.	PUNCT
cblr-2930	1103	1	for	for	ADP
cblr-2930	1103	2	corporate	corporate	ADJ
cblr-2930	1103	3	governance	governance	NOUN
cblr-2930	1103	4	,	,	PUNCT
cblr-2930	1103	5	paper	paper	NOUN
cblr-2930	1103	6	no	no	NOUN
cblr-2930	1103	7	.	.	PROPN
cblr-2930	1103	8	360	360	NUM
cblr-2930	1103	9	,	,	PUNCT
cblr-2930	1103	10	2009	2009	NUM
cblr-2930	1103	11	)	)	PUNCT
cblr-2930	1103	12	,	,	PUNCT
cblr-2930	1103	13	available	available	ADJ
cblr-2930	1103	14	at	at	ADP
cblr-2930	1103	15	http//ssrn.com	http//ssrn.com	PROPN
cblr-2930	1103	16	/	/	SYM
cblr-2930	1103	17	abstract--1152093	abstract--1152093	PROPN
cblr-2930	1103	18	.	.	PUNCT
cblr-2930	1103	19	830	830	NUM
cblr-2930	1103	20	columbia	columbia	PROPN
cblr-2930	1103	21	business	business	NOUN
cblr-2930	1103	22	la	la	PROPN
cblr-2930	1103	23	wreview	wreview	VERB
cblr-2930	1104	1	[	[	X
cblr-2930	1104	2	vol	vol	NOUN
cblr-2930	1104	3	.	.	PUNCT
cblr-2930	1104	4	2010	2010	NUM
cblr-2930	1104	5	mechanisms	mechanism	NOUN
cblr-2930	1104	6	of	of	ADP
cblr-2930	1104	7	voting	voting	NOUN
cblr-2930	1104	8	efficiency	efficiency	NOUN
cblr-2930	1104	9	the	the	DET
cblr-2930	1104	10	trade	trade	NOUN
cblr-2930	1104	11	-	-	PUNCT
cblr-2930	1104	12	off	off	NOUN
cblr-2930	1104	13	between	between	ADP
cblr-2930	1104	14	the	the	DET
cblr-2930	1104	15	various	various	ADJ
cblr-2930	1104	16	mechanisms	mechanism	NOUN
cblr-2930	1104	17	of	of	ADP
cblr-2930	1104	18	voting	voting	NOUN
cblr-2930	1104	19	efficiency	efficiency	NOUN
cblr-2930	1104	20	may	may	AUX
cblr-2930	1104	21	also	also	ADV
cblr-2930	1104	22	indirectly	indirectly	ADV
cblr-2930	1104	23	involve	involve	VERB
cblr-2930	1104	24	conflicted	conflicted	ADJ
cblr-2930	1104	25	voting	voting	NOUN
cblr-2930	1104	26	.	.	PUNCT
cblr-2930	1105	1	there	there	PRON
cblr-2930	1105	2	is	be	VERB
cblr-2930	1105	3	concern	concern	NOUN
cblr-2930	1105	4	that	that	SCONJ
cblr-2930	1105	5	iss	iss	PROPN
cblr-2930	1105	6	's	's	PART
cblr-2930	1105	7	consulting	consulting	NOUN
cblr-2930	1105	8	services	service	NOUN
cblr-2930	1105	9	to	to	ADP
cblr-2930	1105	10	issuers	issuer	NOUN
cblr-2930	1105	11	may	may	AUX
cblr-2930	1105	12	compromise	compromise	VERB
cblr-2930	1105	13	its	its	PRON
cblr-2930	1105	14	objectivity	objectivity	NOUN
cblr-2930	1105	15	in	in	ADP
cblr-2930	1105	16	rating	rate	VERB
cblr-2930	1105	17	their	their	PRON
cblr-2930	1105	18	governance	governance	NOUN
cblr-2930	1105	19	structures	structure	NOUN
cblr-2930	1105	20	or	or	CCONJ
cblr-2930	1105	21	in	in	ADP
cblr-2930	1105	22	issuing	issue	VERB
cblr-2930	1105	23	proxy	proxy	ADJ
cblr-2930	1105	24	advice	advice	NOUN
cblr-2930	1105	25	with	with	ADP
cblr-2930	1105	26	respect	respect	NOUN
cblr-2930	1105	27	to	to	ADP
cblr-2930	1105	28	these	these	DET
cblr-2930	1105	29	issuers	issuer	NOUN
cblr-2930	1105	30	.	.	PUNCT
cblr-2930	1105	31	"	"	PUNCT
cblr-2930	1105	32	'	'	PUNCT
cblr-2930	1105	33	as	as	ADP
cblr-2930	1105	34	to	to	ADP
cblr-2930	1105	35	the	the	DET
cblr-2930	1105	36	rating	rating	NOUN
cblr-2930	1105	37	of	of	ADP
cblr-2930	1105	38	governance	governance	NOUN
cblr-2930	1105	39	structures	structure	NOUN
cblr-2930	1105	40	,	,	PUNCT
cblr-2930	1105	41	the	the	DET
cblr-2930	1105	42	concern	concern	NOUN
cblr-2930	1105	43	is	be	AUX
cblr-2930	1105	44	mitigated	mitigate	VERB
cblr-2930	1105	45	by	by	ADP
cblr-2930	1105	46	the	the	DET
cblr-2930	1105	47	recent	recent	ADJ
cblr-2930	1105	48	launch	launch	NOUN
cblr-2930	1105	49	of	of	ADP
cblr-2930	1105	50	iss	iss	PROPN
cblr-2930	1105	51	's	's	PART
cblr-2930	1105	52	"	"	PUNCT
cblr-2930	1105	53	governance	governance	NOUN
cblr-2930	1105	54	risk	risk	NOUN
cblr-2930	1105	55	indicators	indicator	NOUN
cblr-2930	1105	56	,	,	PUNCT
cblr-2930	1105	57	"	"	PUNCT
cblr-2930	1105	58	which	which	PRON
cblr-2930	1105	59	are	be	AUX
cblr-2930	1105	60	both	both	ADV
cblr-2930	1105	61	transparent	transparent	ADJ
cblr-2930	1105	62	and	and	CCONJ
cblr-2930	1105	63	absolute	absolute	ADJ
cblr-2930	1105	64	.	.	PUNCT
cblr-2930	1105	65	"	"	PUNCT
cblr-2930	1106	1	but	but	CCONJ
cblr-2930	1106	2	there	there	PRON
cblr-2930	1106	3	remains	remain	VERB
cblr-2930	1106	4	widespread	widespread	ADJ
cblr-2930	1106	5	unease	unease	NOUN
cblr-2930	1106	6	about	about	ADP
cblr-2930	1106	7	potential	potential	ADJ
cblr-2930	1106	8	agency	agency	NOUN
cblr-2930	1106	9	problems	problem	NOUN
cblr-2930	1106	10	deriving	derive	VERB
cblr-2930	1106	11	from	from	ADP
cblr-2930	1106	12	the	the	DET
cblr-2930	1106	13	fact	fact	NOUN
cblr-2930	1106	14	that	that	SCONJ
cblr-2930	1106	15	iss	iss	PROPN
cblr-2930	1106	16	is	be	AUX
cblr-2930	1106	17	a	a	DET
cblr-2930	1106	18	for	for	ADP
cblr-2930	1106	19	-	-	PUNCT
cblr-2930	1106	20	profit	profit	NOUN
cblr-2930	1106	21	organization	organization	NOUN
cblr-2930	1106	22	that	that	PRON
cblr-2930	1106	23	issues	issue	VERB
cblr-2930	1106	24	proxy	proxy	ADJ
cblr-2930	1106	25	advice	advice	NOUN
cblr-2930	1106	26	to	to	ADP
cblr-2930	1106	27	its	its	PRON
cblr-2930	1106	28	clients	client	NOUN
cblr-2930	1106	29	without	without	ADP
cblr-2930	1106	30	having	have	VERB
cblr-2930	1106	31	an	an	DET
cblr-2930	1106	32	economic	economic	ADJ
cblr-2930	1106	33	interest	interest	NOUN
cblr-2930	1106	34	in	in	ADP
cblr-2930	1106	35	the	the	DET
cblr-2930	1106	36	outcome	outcome	NOUN
cblr-2930	1106	37	of	of	ADP
cblr-2930	1106	38	the	the	DET
cblr-2930	1106	39	vote	vote	NOUN
cblr-2930	1106	40	.	.	PUNCT
cblr-2930	1107	1	86	86	NUM
cblr-2930	1108	1	the	the	DET
cblr-2930	1108	2	preceding	precede	VERB
cblr-2930	1108	3	analysis	analysis	NOUN
cblr-2930	1108	4	has	have	VERB
cblr-2930	1108	5	three	three	NUM
cblr-2930	1108	6	implications	implication	NOUN
cblr-2930	1108	7	for	for	ADP
cblr-2930	1108	8	policymakers	policymaker	NOUN
cblr-2930	1108	9	such	such	ADJ
cblr-2930	1108	10	as	as	ADP
cblr-2930	1108	11	the	the	DET
cblr-2930	1108	12	sec	sec	PROPN
cblr-2930	1108	13	,	,	PUNCT
cblr-2930	1108	14	which	which	PRON
cblr-2930	1108	15	in	in	ADP
cblr-2930	1108	16	its	its	PRON
cblr-2930	1108	17	recent	recent	ADJ
cblr-2930	1108	18	concept	concept	NOUN
cblr-2930	1108	19	release	release	NOUN
cblr-2930	1108	20	also	also	ADV
cblr-2930	1108	21	addresses	address	VERB
cblr-2930	1108	22	the	the	DET
cblr-2930	1108	23	question	question	NOUN
cblr-2930	1108	24	of	of	ADP
cblr-2930	1108	25	whether	whether	SCONJ
cblr-2930	1108	26	and	and	CCONJ
cblr-2930	1108	27	how	how	SCONJ
cblr-2930	1108	28	to	to	PART
cblr-2930	1108	29	regulate	regulate	VERB
cblr-2930	1108	30	proxy	proxy	ADJ
cblr-2930	1108	31	advisors	advisor	NOUN
cblr-2930	1108	32	.	.	PUNCT
cblr-2930	1108	33	'	'	PUNCT
cblr-2930	1109	1	first	first	ADV
cblr-2930	1109	2	,	,	PUNCT
cblr-2930	1109	3	to	to	PART
cblr-2930	1109	4	promote	promote	VERB
cblr-2930	1109	5	informed	informed	ADJ
cblr-2930	1109	6	voting	voting	NOUN
cblr-2930	1109	7	,	,	PUNCT
cblr-2930	1109	8	policymakers	policymaker	NOUN
cblr-2930	1109	9	could	could	AUX
cblr-2930	1109	10	require	require	VERB
cblr-2930	1109	11	increased	increase	VERB
cblr-2930	1109	12	transparency	transparency	NOUN
cblr-2930	1109	13	of	of	ADP
cblr-2930	1109	14	proxy	proxy	PROPN
cblr-2930	1109	15	advisers	adviser	NOUN
cblr-2930	1109	16	'	'	PART
cblr-2930	1109	17	methodologies	methodology	NOUN
cblr-2930	1109	18	,	,	PUNCT
cblr-2930	1109	19	just	just	ADV
cblr-2930	1109	20	as	as	SCONJ
cblr-2930	1109	21	they	they	PRON
cblr-2930	1109	22	are	be	AUX
cblr-2930	1109	23	requiring	require	VERB
cblr-2930	1109	24	increased	increase	VERB
cblr-2930	1109	25	18	18	NUM
cblr-2930	1109	26	see	see	NOUN
cblr-2930	1109	27	rose	rise	VERB
cblr-2930	1109	28	,	,	PUNCT
cblr-2930	1109	29	supra	supra	PROPN
cblr-2930	1109	30	note	note	PROPN
cblr-2930	1109	31	182	182	NUM
cblr-2930	1109	32	,	,	PUNCT
cblr-2930	1109	33	at	at	ADP
cblr-2930	1109	34	906	906	NUM
cblr-2930	1109	35	.	.	NOUN
cblr-2930	1109	36	1	1	NUM
cblr-2930	1110	1	the	the	DET
cblr-2930	1110	2	indicators	indicator	NOUN
cblr-2930	1110	3	are	be	AUX
cblr-2930	1110	4	used	use	VERB
cblr-2930	1110	5	to	to	PART
cblr-2930	1110	6	measure	measure	VERB
cblr-2930	1110	7	"	"	PUNCT
cblr-2930	1110	8	the	the	DET
cblr-2930	1110	9	degree	degree	NOUN
cblr-2930	1110	10	to	to	PART
cblr-2930	1110	11	which	which	PRON
cblr-2930	1110	12	a	a	DET
cblr-2930	1110	13	company	company	NOUN
cblr-2930	1110	14	's	's	PART
cblr-2930	1110	15	governance	governance	NOUN
cblr-2930	1110	16	structures	structure	NOUN
cblr-2930	1110	17	may	may	AUX
cblr-2930	1110	18	meet	meet	VERB
cblr-2930	1110	19	,	,	PUNCT
cblr-2930	1110	20	or	or	CCONJ
cblr-2930	1110	21	fall	fall	VERB
cblr-2930	1110	22	short	short	ADV
cblr-2930	1110	23	of	of	ADP
cblr-2930	1110	24	,	,	PUNCT
cblr-2930	1110	25	best	good	ADJ
cblr-2930	1110	26	practices	practice	NOUN
cblr-2930	1110	27	in	in	ADP
cblr-2930	1110	28	a	a	DET
cblr-2930	1110	29	particular	particular	ADJ
cblr-2930	1110	30	market	market	NOUN
cblr-2930	1110	31	.	.	PUNCT
cblr-2930	1110	32	"	"	PUNCT
cblr-2930	1111	1	press	press	NOUN
cblr-2930	1111	2	release	release	NOUN
cblr-2930	1111	3	,	,	PUNCT
cblr-2930	1111	4	riskmetrics	riskmetric	NOUN
cblr-2930	1111	5	,	,	PUNCT
cblr-2930	1111	6	riskmetrics	riskmetric	NOUN
cblr-2930	1111	7	group	group	NOUN
cblr-2930	1111	8	to	to	PART
cblr-2930	1111	9	launch	launch	VERB
cblr-2930	1111	10	governance	governance	NOUN
cblr-2930	1111	11	risk	risk	NOUN
cblr-2930	1111	12	indicators	indicator	NOUN
cblr-2930	1111	13	on	on	ADP
cblr-2930	1111	14	march	march	PROPN
cblr-2930	1111	15	17	17	NUM
cblr-2930	1111	16	(	(	PUNCT
cblr-2930	1111	17	mar	mar	PROPN
cblr-2930	1111	18	.	.	PROPN
cblr-2930	1111	19	10	10	NUM
cblr-2930	1111	20	,	,	PUNCT
cblr-2930	1111	21	2010	2010	NUM
cblr-2930	1111	22	)	)	PUNCT
cblr-2930	1111	23	,	,	PUNCT
cblr-2930	1111	24	available	available	ADJ
cblr-2930	1111	25	at	at	ADP
cblr-2930	1111	26	http://www.riskmetrics.com/press/20100303_grid	http://www.riskmetrics.com/press/20100303_grid	NOUN
cblr-2930	1111	27	.	.	PUNCT
cblr-2930	1111	28	"	"	PUNCT
cblr-2930	1111	29	see	see	VERB
cblr-2930	1111	30	tamara	tamara	PROPN
cblr-2930	1111	31	c.	c.	PROPN
cblr-2930	1111	32	belinfanti	belinfanti	PROPN
cblr-2930	1111	33	,	,	PUNCT
cblr-2930	1111	34	the	the	DET
cblr-2930	1111	35	proxy	proxy	NOUN
cblr-2930	1111	36	advisory	advisory	ADJ
cblr-2930	1111	37	and	and	CCONJ
cblr-2930	1111	38	corporate	corporate	ADJ
cblr-2930	1111	39	governance	governance	NOUN
cblr-2930	1111	40	industry	industry	NOUN
cblr-2930	1111	41	:	:	PUNCT
cblr-2930	1111	42	the	the	DET
cblr-2930	1111	43	case	case	NOUN
cblr-2930	1111	44	for	for	ADP
cblr-2930	1111	45	increased	increase	VERB
cblr-2930	1111	46	oversight	oversight	NOUN
cblr-2930	1111	47	and	and	CCONJ
cblr-2930	1111	48	control	control	NOUN
cblr-2930	1111	49	,	,	PUNCT
cblr-2930	1111	50	14	14	NUM
cblr-2930	1111	51	stan	stan	NOUN
cblr-2930	1111	52	.	.	PUNCT
cblr-2930	1112	1	j.l	j.l	PROPN
cblr-2930	1112	2	.	.	PROPN
cblr-2930	1112	3	bus	bus	PROPN
cblr-2930	1112	4	.	.	PUNCT
cblr-2930	1112	5	&	&	CCONJ
cblr-2930	1112	6	fin	fin	PROPN
cblr-2930	1112	7	.	.	PUNCT
cblr-2930	1113	1	384	384	NUM
cblr-2930	1113	2	(	(	PUNCT
cblr-2930	1113	3	2009	2009	NUM
cblr-2930	1113	4	)	)	PUNCT
cblr-2930	1113	5	.	.	PUNCT
cblr-2930	1114	1	187	187	NUM
cblr-2930	1114	2	sec	sec	PROPN
cblr-2930	1114	3	.	.	PUNCT
cblr-2930	1114	4	exch	exch	PROPN
cblr-2930	1114	5	.	.	PUNCT
cblr-2930	1115	1	comm'n	comm'n	PROPN
cblr-2930	1115	2	,	,	PUNCT
cblr-2930	1115	3	supra	supra	PROPN
cblr-2930	1115	4	note	note	NOUN
cblr-2930	1115	5	166	166	NUM
cblr-2930	1115	6	,	,	PUNCT
cblr-2930	1115	7	at	at	ADP
cblr-2930	1115	8	120	120	NUM
cblr-2930	1115	9	-	-	SYM
cblr-2930	1115	10	22	22	NUM
cblr-2930	1115	11	;	;	PUNCT
cblr-2930	1115	12	see	see	VERB
cblr-2930	1115	13	also	also	ADV
cblr-2930	1115	14	org	org	PROPN
cblr-2930	1115	15	.	.	PUNCT
cblr-2930	1116	1	for	for	ADP
cblr-2930	1116	2	econ	econ	PROPN
cblr-2930	1116	3	.	.	PUNCT
cblr-2930	1117	1	co	co	NOUN
cblr-2930	1117	2	-	-	NOUN
cblr-2930	1117	3	operation	operation	NOUN
cblr-2930	1117	4	and	and	CCONJ
cblr-2930	1117	5	dev	dev	PROPN
cblr-2930	1117	6	.	.	PROPN
cblr-2930	1117	7	,	,	PUNCT
cblr-2930	1117	8	corporate	corporate	ADJ
cblr-2930	1117	9	governance	governance	NOUN
cblr-2930	1117	10	and	and	CCONJ
cblr-2930	1117	11	the	the	DET
cblr-2930	1117	12	financial	financial	ADJ
cblr-2930	1117	13	crsis	crsis	NOUN
cblr-2930	1117	14	:	:	PUNCT
cblr-2930	1118	1	conclusions	conclusion	NOUN
cblr-2930	1118	2	and	and	CCONJ
cblr-2930	1118	3	emerging	emerge	VERB
cblr-2930	1118	4	good	good	ADJ
cblr-2930	1118	5	practices	practice	NOUN
cblr-2930	1118	6	to	to	PART
cblr-2930	1118	7	enhance	enhance	VERB
cblr-2930	1118	8	implementation	implementation	NOUN
cblr-2930	1118	9	of	of	ADP
cblr-2930	1118	10	the	the	DET
cblr-2930	1118	11	principles	principle	NOUN
cblr-2930	1118	12	30	30	NUM
cblr-2930	1118	13	,	,	PUNCT
cblr-2930	1118	14	feb	feb	PROPN
cblr-2930	1118	15	.	.	PROPN
cblr-2930	1118	16	24	24	NUM
cblr-2930	1118	17	,	,	PUNCT
cblr-2930	1118	18	2010	2010	NUM
cblr-2930	1118	19	(	(	PUNCT
cblr-2930	1118	20	calling	call	VERB
cblr-2930	1118	21	upon	upon	SCONJ
cblr-2930	1118	22	authorities	authority	NOUN
cblr-2930	1118	23	to	to	PART
cblr-2930	1118	24	ensure	ensure	VERB
cblr-2930	1118	25	a	a	DET
cblr-2930	1118	26	competitive	competitive	ADJ
cblr-2930	1118	27	market	market	NOUN
cblr-2930	1118	28	for	for	ADP
cblr-2930	1118	29	proxy	proxy	ADJ
cblr-2930	1118	30	advisory	advisory	ADJ
cblr-2930	1118	31	services	service	NOUN
cblr-2930	1118	32	and	and	CCONJ
cblr-2930	1118	33	monitor	monitor	VERB
cblr-2930	1118	34	the	the	DET
cblr-2930	1118	35	management	management	NOUN
cblr-2930	1118	36	of	of	ADP
cblr-2930	1118	37	conflicts	conflict	NOUN
cblr-2930	1118	38	of	of	ADP
cblr-2930	1118	39	interest	interest	NOUN
cblr-2930	1118	40	by	by	ADP
cblr-2930	1118	41	advisors	advisor	NOUN
cblr-2930	1118	42	)	)	PUNCT
cblr-2930	1118	43	;	;	PUNCT
cblr-2930	1118	44	comm	comm	NOUN
cblr-2930	1118	45	.	.	PUNCT
cblr-2930	1118	46	of	of	ADP
cblr-2930	1118	47	eur	eur	PROPN
cblr-2930	1118	48	.	.	PUNCT
cblr-2930	1119	1	sec	sec	PROPN
cblr-2930	1119	2	.	.	PUNCT
cblr-2930	1119	3	regulators	regulator	NOUN
cblr-2930	1119	4	,	,	PUNCT
cblr-2930	1119	5	public	public	ADJ
cblr-2930	1119	6	statement	statement	NOUN
cblr-2930	1119	7	of	of	ADP
cblr-2930	1119	8	the	the	DET
cblr-2930	1119	9	markets	market	NOUN
cblr-2930	1119	10	participants	participant	NOUN
cblr-2930	1119	11	consultative	consultative	ADJ
cblr-2930	1119	12	panel	panel	NOUN
cblr-2930	1119	13	2	2	NUM
cblr-2930	1119	14	-	-	SYM
cblr-2930	1119	15	3	3	NUM
cblr-2930	1119	16	(	(	PUNCT
cblr-2930	1119	17	2010	2010	NUM
cblr-2930	1119	18	)	)	PUNCT
cblr-2930	1119	19	(	(	PUNCT
cblr-2930	1119	20	announcing	announce	VERB
cblr-2930	1119	21	that	that	SCONJ
cblr-2930	1119	22	proxy	proxy	NOUN
cblr-2930	1119	23	advisors	advisor	NOUN
cblr-2930	1119	24	will	will	AUX
cblr-2930	1119	25	be	be	AUX
cblr-2930	1119	26	the	the	DET
cblr-2930	1119	27	subject	subject	NOUN
cblr-2930	1119	28	of	of	ADP
cblr-2930	1119	29	a	a	DET
cblr-2930	1119	30	work	work	NOUN
cblr-2930	1119	31	stream	stream	NOUN
cblr-2930	1119	32	on	on	ADP
cblr-2930	1119	33	corporate	corporate	ADJ
cblr-2930	1119	34	governance	governance	NOUN
cblr-2930	1119	35	)	)	PUNCT
cblr-2930	1119	36	;	;	PUNCT
cblr-2930	1120	1	fin	fin	NOUN
cblr-2930	1120	2	.	.	PUNCT
cblr-2930	1120	3	reporting	reporting	NOUN
cblr-2930	1120	4	council	council	PROPN
cblr-2930	1120	5	,	,	PUNCT
cblr-2930	1120	6	the	the	DET
cblr-2930	1120	7	uk	uk	PROPN
cblr-2930	1120	8	stewardship	stewardship	PROPN
cblr-2930	1120	9	code	code	NOUN
cblr-2930	1120	10	2	2	NUM
cblr-2930	1120	11	(	(	PUNCT
cblr-2930	1120	12	2010	2010	NUM
cblr-2930	1120	13	)	)	PUNCT
cblr-2930	1120	14	(	(	PUNCT
cblr-2930	1120	15	noting	note	VERB
cblr-2930	1120	16	that	that	SCONJ
cblr-2930	1120	17	institutional	institutional	ADJ
cblr-2930	1120	18	investors	investor	NOUN
cblr-2930	1120	19	should	should	AUX
cblr-2930	1120	20	disclose	disclose	VERB
cblr-2930	1120	21	how	how	SCONJ
cblr-2930	1120	22	they	they	PRON
cblr-2930	1120	23	make	make	VERB
cblr-2930	1120	24	use	use	NOUN
cblr-2930	1120	25	of	of	ADP
cblr-2930	1120	26	proxy	proxy	ADJ
cblr-2930	1120	27	advisory	advisory	ADJ
cblr-2930	1120	28	services	service	NOUN
cblr-2930	1120	29	)	)	PUNCT
cblr-2930	1120	30	.	.	PUNCT
cblr-2930	1121	1	no	no	INTJ
cblr-2930	1121	2	.	.	PUNCT
cblr-2930	1122	1	3:763	3:763	NUM
cblr-2930	1122	2	]	]	PUNCT
cblr-2930	1122	3	831	831	NUM
cblr-2930	1122	4	transparency	transparency	NOUN
cblr-2930	1122	5	of	of	ADP
cblr-2930	1122	6	credit	credit	NOUN
cblr-2930	1122	7	rating	rating	NOUN
cblr-2930	1122	8	agencies	agency	NOUN
cblr-2930	1122	9	'	'	PART
cblr-2930	1122	10	methodologies	methodology	NOUN
cblr-2930	1122	11	.	.	PUNCT
cblr-2930	1123	1	"	"	PUNCT
cblr-2930	1123	2	's	be	AUX
cblr-2930	1123	3	second	second	ADJ
cblr-2930	1123	4	,	,	PUNCT
cblr-2930	1123	5	to	to	PART
cblr-2930	1123	6	promote	promote	VERB
cblr-2930	1123	7	independent	independent	ADJ
cblr-2930	1123	8	voting	voting	NOUN
cblr-2930	1123	9	,	,	PUNCT
cblr-2930	1123	10	policymakers	policymaker	NOUN
cblr-2930	1123	11	may	may	AUX
cblr-2930	1123	12	wish	wish	VERB
cblr-2930	1123	13	to	to	PART
cblr-2930	1123	14	encourage	encourage	VERB
cblr-2930	1123	15	institutional	institutional	ADJ
cblr-2930	1123	16	investors	investor	NOUN
cblr-2930	1123	17	to	to	PART
cblr-2930	1123	18	make	make	VERB
cblr-2930	1123	19	independent	independent	ADJ
cblr-2930	1123	20	judgments	judgment	NOUN
cblr-2930	1123	21	rather	rather	ADV
cblr-2930	1123	22	than	than	ADP
cblr-2930	1123	23	exercising	exercise	VERB
cblr-2930	1123	24	their	their	PRON
cblr-2930	1123	25	voting	voting	NOUN
cblr-2930	1123	26	rights	right	NOUN
cblr-2930	1123	27	solely	solely	ADV
cblr-2930	1123	28	on	on	ADP
cblr-2930	1123	29	the	the	DET
cblr-2930	1123	30	basis	basis	NOUN
cblr-2930	1123	31	of	of	ADP
cblr-2930	1123	32	proxy	proxy	ADJ
cblr-2930	1123	33	advice	advice	NOUN
cblr-2930	1123	34	,	,	PUNCT
cblr-2930	1123	35	just	just	ADV
cblr-2930	1123	36	as	as	SCONJ
cblr-2930	1123	37	they	they	PRON
cblr-2930	1123	38	have	have	AUX
cblr-2930	1123	39	cautioned	caution	VERB
cblr-2930	1123	40	investors	investor	NOUN
cblr-2930	1123	41	against	against	ADP
cblr-2930	1123	42	overly	overly	ADV
cblr-2930	1123	43	relying	rely	VERB
cblr-2930	1123	44	on	on	ADP
cblr-2930	1123	45	credit	credit	NOUN
cblr-2930	1123	46	rating	rating	NOUN
cblr-2930	1123	47	agencies	agency	NOUN
cblr-2930	1123	48	.	.	PUNCT
cblr-2930	1124	1	"	"	PUNCT
cblr-2930	1124	2	'	'	PUNCT
cblr-2930	1124	3	third	third	ADJ
cblr-2930	1124	4	and	and	CCONJ
cblr-2930	1124	5	finally	finally	ADV
cblr-2930	1124	6	,	,	PUNCT
cblr-2930	1124	7	to	to	PART
cblr-2930	1124	8	prevent	prevent	VERB
cblr-2930	1124	9	conflicted	conflicted	ADJ
cblr-2930	1124	10	voting	voting	NOUN
cblr-2930	1124	11	,	,	PUNCT
cblr-2930	1124	12	policymakers	policymaker	NOUN
cblr-2930	1124	13	could	could	AUX
cblr-2930	1124	14	consider	consider	VERB
cblr-2930	1124	15	restricting	restrict	VERB
cblr-2930	1124	16	the	the	DET
cblr-2930	1124	17	ability	ability	NOUN
cblr-2930	1124	18	of	of	ADP
cblr-2930	1124	19	proxy	proxy	ADJ
cblr-2930	1124	20	advisers	adviser	NOUN
cblr-2930	1124	21	to	to	PART
cblr-2930	1124	22	provide	provide	VERB
cblr-2930	1124	23	consulting	consulting	NOUN
cblr-2930	1124	24	services	service	NOUN
cblr-2930	1124	25	to	to	ADP
cblr-2930	1124	26	issuers	issuer	NOUN
cblr-2930	1124	27	,	,	PUNCT
cblr-2930	1124	28	just	just	ADV
cblr-2930	1124	29	as	as	SCONJ
cblr-2930	1124	30	they	they	PRON
cblr-2930	1124	31	have	have	AUX
cblr-2930	1124	32	restricted	restrict	VERB
cblr-2930	1124	33	the	the	DET
cblr-2930	1124	34	ability	ability	NOUN
cblr-2930	1124	35	of	of	ADP
cblr-2930	1124	36	auditors	auditor	NOUN
cblr-2930	1124	37	to	to	PART
cblr-2930	1124	38	provide	provide	VERB
cblr-2930	1124	39	consulting	consulting	NOUN
cblr-2930	1124	40	services	service	NOUN
cblr-2930	1124	41	to	to	ADP
cblr-2930	1124	42	issuers	issuer	NOUN
cblr-2930	1124	43	.	.	PUNCT
cblr-2930	1125	1	"o	"o	PROPN
cblr-2930	1125	2	a	a	DET
cblr-2930	1125	3	less	less	ADV
cblr-2930	1125	4	far	far	ADV
cblr-2930	1125	5	-	-	PUNCT
cblr-2930	1125	6	reaching	reach	VERB
cblr-2930	1125	7	option	option	NOUN
cblr-2930	1125	8	would	would	AUX
cblr-2930	1125	9	be	be	AUX
cblr-2930	1125	10	to	to	PART
cblr-2930	1125	11	require	require	VERB
cblr-2930	1125	12	proxy	proxy	ADJ
cblr-2930	1125	13	advisers	adviser	NOUN
cblr-2930	1125	14	to	to	PART
cblr-2930	1125	15	take	take	VERB
cblr-2930	1125	16	strict	strict	ADJ
cblr-2930	1125	17	measures	measure	NOUN
cblr-2930	1125	18	to	to	PART
cblr-2930	1125	19	avoid	avoid	VERB
cblr-2930	1125	20	conflicts	conflict	NOUN
cblr-2930	1125	21	of	of	ADP
cblr-2930	1125	22	interest	interest	NOUN
cblr-2930	1125	23	,	,	PUNCT
cblr-2930	1125	24	possibly	possibly	ADV
cblr-2930	1125	25	similar	similar	ADJ
cblr-2930	1125	26	to	to	ADP
cblr-2930	1125	27	the	the	DET
cblr-2930	1125	28	measures	measure	NOUN
cblr-2930	1125	29	the	the	DET
cblr-2930	1125	30	recent	recent	ADJ
cblr-2930	1125	31	dodd	dodd	PROPN
cblr-2930	1125	32	-	-	PUNCT
cblr-2930	1125	33	frank	frank	PROPN
cblr-2930	1125	34	act	act	PROPN
cblr-2930	1125	35	requires	require	VERB
cblr-2930	1125	36	of	of	ADP
cblr-2930	1125	37	credit	credit	NOUN
cblr-2930	1125	38	rating	rating	NOUN
cblr-2930	1125	39	agencies	agency	NOUN
cblr-2930	1125	40	.	.	PUNCT
cblr-2930	1126	1	'19	'19	NUM
cblr-2930	1126	2	'	'	PUNCT
cblr-2930	1126	3	"	"	PUNCT
cblr-2930	1126	4	see	see	VERB
cblr-2930	1126	5	belinfanti	belinfanti	PROPN
cblr-2930	1126	6	,	,	PUNCT
cblr-2930	1126	7	supra	supra	ADJ
cblr-2930	1126	8	note	note	NOUN
cblr-2930	1126	9	186	186	NUM
cblr-2930	1126	10	,	,	PUNCT
cblr-2930	1126	11	at	at	ADP
cblr-2930	1126	12	434	434	NUM
cblr-2930	1126	13	.	.	PUNCT
cblr-2930	1127	1	for	for	ADP
cblr-2930	1127	2	the	the	DET
cblr-2930	1127	3	regulation	regulation	NOUN
cblr-2930	1127	4	of	of	ADP
cblr-2930	1127	5	credit	credit	NOUN
cblr-2930	1127	6	rating	rating	NOUN
cblr-2930	1127	7	agencies	agency	NOUN
cblr-2930	1127	8	,	,	PUNCT
cblr-2930	1127	9	see	see	VERB
cblr-2930	1127	10	dodd	dodd	PROPN
cblr-2930	1127	11	-	-	PUNCT
cblr-2930	1127	12	frank	frank	PROPN
cblr-2930	1127	13	wall	wall	PROPN
cblr-2930	1127	14	street	street	PROPN
cblr-2930	1127	15	reform	reform	PROPN
cblr-2930	1127	16	and	and	CCONJ
cblr-2930	1127	17	consumer	consumer	NOUN
cblr-2930	1127	18	protection	protection	PROPN
cblr-2930	1127	19	act	act	PROPN
cblr-2930	1127	20	,	,	PUNCT
cblr-2930	1127	21	pub	pub	NOUN
cblr-2930	1127	22	.	.	PUNCT
cblr-2930	1128	1	l.	l.	PROPN
cblr-2930	1128	2	no	no	INTJ
cblr-2930	1128	3	.	.	PROPN
cblr-2930	1128	4	111	111	NUM
cblr-2930	1128	5	-	-	SYM
cblr-2930	1128	6	203	203	NUM
cblr-2930	1128	7	,	,	PUNCT
cblr-2930	1128	8	124	124	NUM
cblr-2930	1128	9	stat	stat	NOUN
cblr-2930	1128	10	.	.	PUNCT
cblr-2930	1129	1	1376	1376	NUM
cblr-2930	1129	2	,	,	PUNCT
cblr-2930	1129	3	§	§	PROPN
cblr-2930	1129	4	932	932	NUM
cblr-2930	1129	5	(	(	PUNCT
cblr-2930	1129	6	requiring	require	VERB
cblr-2930	1129	7	credit	credit	NOUN
cblr-2930	1129	8	rating	rating	NOUN
cblr-2930	1129	9	agencies	agency	NOUN
cblr-2930	1129	10	to	to	PART
cblr-2930	1129	11	disclose	disclose	VERB
cblr-2930	1129	12	information	information	NOUN
cblr-2930	1129	13	that	that	PRON
cblr-2930	1129	14	can	can	AUX
cblr-2930	1129	15	be	be	AUX
cblr-2930	1129	16	used	use	VERB
cblr-2930	1129	17	by	by	ADP
cblr-2930	1129	18	investors	investor	NOUN
cblr-2930	1129	19	and	and	CCONJ
cblr-2930	1129	20	other	other	ADJ
cblr-2930	1129	21	users	user	NOUN
cblr-2930	1129	22	of	of	ADP
cblr-2930	1129	23	credit	credit	NOUN
cblr-2930	1129	24	ratings	rating	NOUN
cblr-2930	1129	25	to	to	PART
cblr-2930	1129	26	better	well	ADV
cblr-2930	1129	27	understand	understand	VERB
cblr-2930	1129	28	credit	credit	NOUN
cblr-2930	1129	29	ratings	rating	NOUN
cblr-2930	1129	30	)	)	PUNCT
cblr-2930	1129	31	;	;	PUNCT
cblr-2930	1129	32	council	council	NOUN
cblr-2930	1129	33	regulation	regulation	NOUN
cblr-2930	1129	34	1060/2009	1060/2009	NUM
cblr-2930	1129	35	,	,	PUNCT
cblr-2930	1129	36	art	art	NOUN
cblr-2930	1129	37	.	.	PUNCT
cblr-2930	1130	1	8	8	NUM
cblr-2930	1130	2	,	,	PUNCT
cblr-2930	1130	3	2009	2009	NUM
cblr-2930	1130	4	o.j	o.j	PROPN
cblr-2930	1130	5	.	.	PROPN
cblr-2930	1130	6	(	(	PUNCT
cblr-2930	1130	7	l302	l302	PROPN
cblr-2930	1130	8	)	)	PUNCT
cblr-2930	1130	9	1	1	NUM
cblr-2930	1130	10	,	,	PUNCT
cblr-2930	1130	11	12	12	NUM
cblr-2930	1130	12	-	-	SYM
cblr-2930	1130	13	13	13	NUM
cblr-2930	1130	14	(	(	PUNCT
cblr-2930	1130	15	eu	eu	NOUN
cblr-2930	1130	16	)	)	PUNCT
cblr-2930	1130	17	(	(	PUNCT
cblr-2930	1130	18	requiring	require	VERB
cblr-2930	1130	19	credit	credit	NOUN
cblr-2930	1130	20	rating	rating	NOUN
cblr-2930	1130	21	agencies	agency	NOUN
cblr-2930	1130	22	to	to	PART
cblr-2930	1130	23	disclose	disclose	VERB
cblr-2930	1130	24	information	information	NOUN
cblr-2930	1130	25	to	to	ADP
cblr-2930	1130	26	the	the	DET
cblr-2930	1130	27	public	public	NOUN
cblr-2930	1130	28	on	on	ADP
cblr-2930	1130	29	the	the	DET
cblr-2930	1130	30	methodologies	methodology	NOUN
cblr-2930	1130	31	,	,	PUNCT
cblr-2930	1130	32	models	model	NOUN
cblr-2930	1130	33	and	and	CCONJ
cblr-2930	1130	34	key	key	ADJ
cblr-2930	1130	35	rating	rating	NOUN
cblr-2930	1130	36	assumptions	assumption	NOUN
cblr-2930	1130	37	to	to	PART
cblr-2930	1130	38	enable	enable	VERB
cblr-2930	1130	39	users	user	NOUN
cblr-2930	1130	40	to	to	PART
cblr-2930	1130	41	perform	perform	VERB
cblr-2930	1130	42	their	their	PRON
cblr-2930	1130	43	own	own	ADJ
cblr-2930	1130	44	due	due	ADJ
cblr-2930	1130	45	diligence	diligence	NOUN
cblr-2930	1130	46	)	)	PUNCT
cblr-2930	1130	47	,	,	PUNCT
cblr-2930	1130	48	available	available	ADJ
cblr-2930	1130	49	at	at	ADP
cblr-2930	1130	50	http//eur	http//eur	NOUN
cblr-2930	1130	51	-	-	ADJ
cblr-2930	1130	52	lex.europa.eu	lex.europa.eu	ADJ
cblr-2930	1130	53	/	/	SYM
cblr-2930	1130	54	en	en	NOUN
cblr-2930	1130	55	/	/	SYM
cblr-2930	1130	56	index.htm	index.htm	NOUN
cblr-2930	1130	57	.	.	NOUN
cblr-2930	1130	58	1	1	NUM
cblr-2930	1130	59	"	"	PUNCT
cblr-2930	1130	60	the	the	DET
cblr-2930	1130	61	sec	sec	PROPN
cblr-2930	1130	62	has	have	AUX
cblr-2930	1130	63	made	make	VERB
cblr-2930	1130	64	a	a	DET
cblr-2930	1130	65	cautious	cautious	ADJ
cblr-2930	1130	66	move	move	NOUN
cblr-2930	1130	67	in	in	ADP
cblr-2930	1130	68	this	this	DET
cblr-2930	1130	69	direction	direction	NOUN
cblr-2930	1130	70	.	.	PUNCT
cblr-2930	1131	1	see	see	VERB
cblr-2930	1131	2	belinfanti	belinfanti	PROPN
cblr-2930	1131	3	,	,	PUNCT
cblr-2930	1131	4	supra	supra	ADJ
cblr-2930	1131	5	note	note	NOUN
cblr-2930	1131	6	186	186	NUM
cblr-2930	1131	7	,	,	PUNCT
cblr-2930	1131	8	at	at	ADP
cblr-2930	1131	9	437	437	NUM
cblr-2930	1131	10	,	,	PUNCT
cblr-2930	1131	11	n.237	n.237	NUM
cblr-2930	1131	12	;	;	PUNCT
cblr-2930	1131	13	see	see	VERB
cblr-2930	1131	14	also	also	ADV
cblr-2930	1131	15	institutional	institutional	ADJ
cblr-2930	1131	16	s'holders	s'holder	NOUN
cblr-2930	1131	17	'	'	PART
cblr-2930	1131	18	comm	comm	NOUN
cblr-2930	1131	19	.	.	PUNCT
cblr-2930	1131	20	,	,	PUNCT
cblr-2930	1131	21	code	code	NOUN
cblr-2930	1131	22	on	on	ADP
cblr-2930	1131	23	the	the	DET
cblr-2930	1131	24	responsibilities	responsibility	NOUN
cblr-2930	1131	25	of	of	ADP
cblr-2930	1131	26	institutional	institutional	ADJ
cblr-2930	1131	27	investors	investor	NOUN
cblr-2930	1131	28	,	,	PUNCT
cblr-2930	1131	29	principle	principle	NOUN
cblr-2930	1131	30	1	1	NUM
cblr-2930	1131	31	(	(	PUNCT
cblr-2930	1131	32	2009	2009	NUM
cblr-2930	1131	33	)	)	PUNCT
cblr-2930	1131	34	(	(	PUNCT
cblr-2930	1131	35	suggesting	suggest	VERB
cblr-2930	1131	36	that	that	SCONJ
cblr-2930	1131	37	institutional	institutional	ADJ
cblr-2930	1131	38	investors	investor	NOUN
cblr-2930	1131	39	disclose	disclose	VERB
cblr-2930	1131	40	how	how	SCONJ
cblr-2930	1131	41	they	they	PRON
cblr-2930	1131	42	make	make	VERB
cblr-2930	1131	43	use	use	NOUN
cblr-2930	1131	44	of	of	ADP
cblr-2930	1131	45	proxy	proxy	ADJ
cblr-2930	1131	46	advice	advice	NOUN
cblr-2930	1131	47	)	)	PUNCT
cblr-2930	1131	48	;	;	PUNCT
cblr-2930	1131	49	council	council	NOUN
cblr-2930	1131	50	regulation	regulation	NOUN
cblr-2930	1131	51	1060/2009	1060/2009	NUM
cblr-2930	1131	52	,	,	PUNCT
cblr-2930	1131	53	2009	2009	NUM
cblr-2930	1131	54	o.j	o.j	PROPN
cblr-2930	1131	55	.	.	PROPN
cblr-2930	1131	56	(	(	PUNCT
cblr-2930	1131	57	l302	l302	PROPN
cblr-2930	1131	58	)	)	PUNCT
cblr-2930	1131	59	1	1	NUM
cblr-2930	1131	60	,	,	PUNCT
cblr-2930	1131	61	2	2	NUM
cblr-2930	1131	62	(	(	PUNCT
cblr-2930	1131	63	ec	ec	PROPN
cblr-2930	1131	64	)	)	PUNCT
cblr-2930	1131	65	(	(	PUNCT
cblr-2930	1131	66	stating	state	VERB
cblr-2930	1131	67	that	that	SCONJ
cblr-2930	1131	68	"	"	PUNCT
cblr-2930	1131	69	[	[	X
cblr-2930	1131	70	t]he	t]he	ADJ
cblr-2930	1131	71	users	user	NOUN
cblr-2930	1131	72	of	of	ADP
cblr-2930	1131	73	credit	credit	NOUN
cblr-2930	1131	74	ratings	rating	NOUN
cblr-2930	1131	75	should	should	AUX
cblr-2930	1131	76	not	not	PART
cblr-2930	1131	77	rely	rely	VERB
cblr-2930	1131	78	blindly	blindly	ADV
cblr-2930	1131	79	on	on	ADP
cblr-2930	1131	80	credit	credit	NOUN
cblr-2930	1131	81	ratings	rating	NOUN
cblr-2930	1131	82	but	but	CCONJ
cblr-2930	1131	83	should	should	AUX
cblr-2930	1131	84	take	take	VERB
cblr-2930	1131	85	utmost	utmost	ADJ
cblr-2930	1131	86	care	care	NOUN
cblr-2930	1131	87	to	to	PART
cblr-2930	1131	88	perform	perform	VERB
cblr-2930	1131	89	own	own	ADJ
cblr-2930	1131	90	analysis	analysis	NOUN
cblr-2930	1131	91	"	"	PUNCT
cblr-2930	1131	92	)	)	PUNCT
cblr-2930	1131	93	.	.	PUNCT
cblr-2930	1132	1	19	19	NUM
cblr-2930	1132	2	see	see	VERB
cblr-2930	1132	3	miiilstein	miiilstein	PROPN
cblr-2930	1132	4	ctr	ctr	PROPN
cblr-2930	1132	5	.	.	PUNCT
cblr-2930	1133	1	for	for	ADP
cblr-2930	1133	2	corporate	corporate	ADJ
cblr-2930	1133	3	governance	governance	NOUN
cblr-2930	1133	4	and	and	CCONJ
cblr-2930	1133	5	performance	performance	NOUN
cblr-2930	1133	6	,	,	PUNCT
cblr-2930	1133	7	voting	voting	NOUN
cblr-2930	1133	8	integrity	integrity	NOUN
cblr-2930	1133	9	:	:	PUNCT
cblr-2930	1133	10	practices	practice	NOUN
cblr-2930	1133	11	for	for	ADP
cblr-2930	1133	12	investors	investor	NOUN
cblr-2930	1133	13	and	and	CCONJ
cblr-2930	1133	14	the	the	DET
cblr-2930	1133	15	global	global	ADJ
cblr-2930	1133	16	proxy	proxy	ADJ
cblr-2930	1133	17	advisory	advisory	ADJ
cblr-2930	1133	18	industry	industry	NOUN
cblr-2930	1133	19	3	3	NUM
cblr-2930	1133	20	,	,	PUNCT
cblr-2930	1133	21	18	18	NUM
cblr-2930	1133	22	(	(	PUNCT
cblr-2930	1133	23	2009	2009	NUM
cblr-2930	1133	24	)	)	PUNCT
cblr-2930	1133	25	(	(	PUNCT
cblr-2930	1133	26	proposing	propose	VERB
cblr-2930	1133	27	a	a	DET
cblr-2930	1133	28	ban	ban	NOUN
cblr-2930	1133	29	on	on	ADP
cblr-2930	1133	30	a	a	DET
cblr-2930	1133	31	vote	vote	NOUN
cblr-2930	1133	32	advisor	advisor	NOUN
cblr-2930	1133	33	performing	perform	VERB
cblr-2930	1133	34	consulting	consulting	NOUN
cblr-2930	1133	35	work	work	NOUN
cblr-2930	1133	36	for	for	ADP
cblr-2930	1133	37	any	any	DET
cblr-2930	1133	38	company	company	NOUN
cblr-2930	1133	39	for	for	ADP
cblr-2930	1133	40	which	which	PRON
cblr-2930	1133	41	it	it	PRON
cblr-2930	1133	42	provides	provide	VERB
cblr-2930	1133	43	voting	voting	NOUN
cblr-2930	1133	44	recommendations	recommendation	NOUN
cblr-2930	1133	45	or	or	CCONJ
cblr-2930	1133	46	ratings	rating	NOUN
cblr-2930	1133	47	)	)	PUNCT
cblr-2930	1133	48	;	;	PUNCT
cblr-2930	1133	49	see	see	VERB
cblr-2930	1133	50	also	also	ADV
cblr-2930	1133	51	fin	fin	NOUN
cblr-2930	1133	52	.	.	PUNCT
cblr-2930	1134	1	reporting	reporting	NOUN
cblr-2930	1134	2	council	council	PROPN
cblr-2930	1134	3	,	,	PUNCT
cblr-2930	1134	4	consultation	consultation	NOUN
cblr-2930	1134	5	on	on	ADP
cblr-2930	1134	6	a	a	DET
cblr-2930	1134	7	stewardship	stewardship	NOUN
cblr-2930	1134	8	code	code	NOUN
cblr-2930	1134	9	for	for	ADP
cblr-2930	1134	10	institutional	institutional	ADJ
cblr-2930	1134	11	investors	investor	NOUN
cblr-2930	1134	12	12	12	NUM
cblr-2930	1134	13	(	(	PUNCT
cblr-2930	1134	14	2010	2010	NUM
cblr-2930	1134	15	)	)	PUNCT
cblr-2930	1134	16	(	(	PUNCT
cblr-2930	1134	17	asking	ask	VERB
cblr-2930	1134	18	whether	whether	SCONJ
cblr-2930	1134	19	voting	voting	NOUN
cblr-2930	1134	20	services	service	NOUN
cblr-2930	1134	21	agencies	agency	NOUN
cblr-2930	1134	22	should	should	AUX
cblr-2930	1134	23	be	be	AUX
cblr-2930	1134	24	encouraged	encourage	VERB
cblr-2930	1134	25	to	to	PART
cblr-2930	1134	26	commit	commit	VERB
cblr-2930	1134	27	to	to	ADP
cblr-2930	1134	28	the	the	DET
cblr-2930	1134	29	spirit	spirit	NOUN
cblr-2930	1134	30	of	of	ADP
cblr-2930	1134	31	the	the	DET
cblr-2930	1134	32	uks	uks	PROPN
cblr-2930	1134	33	institutional	institutional	ADJ
cblr-2930	1134	34	shareholders	shareholder	NOUN
cblr-2930	1134	35	'	'	PART
cblr-2930	1134	36	committee	committee	NOUN
cblr-2930	1134	37	code	code	PROPN
cblr-2930	1134	38	)	)	PUNCT
cblr-2930	1134	39	.	.	PUNCT
cblr-2930	1135	1	for	for	ADP
cblr-2930	1135	2	the	the	DET
cblr-2930	1135	3	regulation	regulation	NOUN
cblr-2930	1135	4	of	of	ADP
cblr-2930	1135	5	auditors	auditor	NOUN
cblr-2930	1135	6	,	,	PUNCT
cblr-2930	1135	7	see	see	VERB
cblr-2930	1135	8	sarbanes	sarbane	NOUN
cblr-2930	1135	9	-	-	PUNCT
cblr-2930	1135	10	oxley	oxley	ADJ
cblr-2930	1135	11	-	-	PUNCT
cblr-2930	1135	12	act	act	NOUN
cblr-2930	1135	13	of	of	ADP
cblr-2930	1135	14	2002	2002	NUM
cblr-2930	1135	15	,	,	PUNCT
cblr-2930	1135	16	pub	pub	NOUN
cblr-2930	1135	17	.	.	PUNCT
cblr-2930	1136	1	l.	l.	PROPN
cblr-2930	1136	2	no	no	INTJ
cblr-2930	1136	3	.	.	PUNCT
cblr-2930	1137	1	107	107	NUM
cblr-2930	1137	2	-	-	SYM
cblr-2930	1137	3	204	204	NUM
cblr-2930	1137	4	,	,	PUNCT
cblr-2930	1137	5	§	§	PROPN
cblr-2930	1137	6	201	201	NUM
cblr-2930	1137	7	(	(	PUNCT
cblr-2930	1137	8	2002	2002	NUM
cblr-2930	1137	9	)	)	PUNCT
cblr-2930	1137	10	(	(	PUNCT
cblr-2930	1137	11	amending	amend	VERB
cblr-2930	1137	12	§	§	PROPN
cblr-2930	1137	13	10	10	NUM
cblr-2930	1137	14	-	-	PUNCT
cblr-2930	1137	15	a	a	NOUN
cblr-2930	1137	16	of	of	ADP
cblr-2930	1137	17	15	15	NUM
cblr-2930	1137	18	u.s.c	u.s.c	ADJ
cblr-2930	1137	19	.	.	PUNCT
cblr-2930	1138	1	78j-1	78j-1	NUM
cblr-2930	1138	2	)	)	PUNCT
cblr-2930	1138	3	.	.	PUNCT
cblr-2930	1139	1	19	19	NUM
cblr-2930	1139	2	dodd	dodd	PROPN
cblr-2930	1139	3	-	-	PUNCT
cblr-2930	1139	4	frank	frank	PROPN
cblr-2930	1139	5	act	act	PROPN
cblr-2930	1139	6	§	§	PROPN
cblr-2930	1139	7	932	932	NUM
cblr-2930	1139	8	.	.	NOUN
cblr-2930	1139	9	832	832	NUM
cblr-2930	1139	10	col	col	PROPN
cblr-2930	1139	11	umbia	umbia	PROPN
cblr-2930	1139	12	b	b	PROPN
cblr-2930	1139	13	usiness	usiness	PROPN
cblr-2930	1139	14	la	la	PROPN
cblr-2930	1139	15	w	w	PROPN
cblr-2930	1139	16	re	re	PROPN
cblr-2930	1139	17	vie	vie	PROPN
cblr-2930	1139	18	w	w	PROPN
cblr-2930	1140	1	[	[	X
cblr-2930	1140	2	vol	vol	NOUN
cblr-2930	1140	3	.	.	PUNCT
cblr-2930	1140	4	2010	2010	NUM
cblr-2930	1140	5	taking	take	VERB
cblr-2930	1140	6	these	these	DET
cblr-2930	1140	7	steps	step	NOUN
cblr-2930	1140	8	is	be	AUX
cblr-2930	1140	9	critical	critical	ADJ
cblr-2930	1140	10	in	in	ADP
cblr-2930	1140	11	light	light	NOUN
cblr-2930	1140	12	of	of	ADP
cblr-2930	1140	13	pending	pende	VERB
cblr-2930	1140	14	reforms	reform	NOUN
cblr-2930	1140	15	.	.	PUNCT
cblr-2930	1141	1	consider	consider	VERB
cblr-2930	1141	2	the	the	DET
cblr-2930	1141	3	reform	reform	NOUN
cblr-2930	1141	4	in	in	ADP
cblr-2930	1141	5	the	the	DET
cblr-2930	1141	6	area	area	NOUN
cblr-2930	1141	7	of	of	ADP
cblr-2930	1141	8	executive	executive	ADJ
cblr-2930	1141	9	compensation	compensation	NOUN
cblr-2930	1141	10	,	,	PUNCT
cblr-2930	1141	11	for	for	ADP
cblr-2930	1141	12	which	which	PRON
cblr-2930	1141	13	proxy	proxy	NOUN
cblr-2930	1141	14	advisers	adviser	NOUN
cblr-2930	1141	15	have	have	VERB
cblr-2930	1141	16	strict	strict	ADJ
cblr-2930	1141	17	policies	policy	NOUN
cblr-2930	1141	18	.	.	PUNCT
cblr-2930	1142	1	not	not	PART
cblr-2930	1142	2	only	only	ADV
cblr-2930	1142	3	do	do	AUX
cblr-2930	1142	4	shareholders	shareholder	NOUN
cblr-2930	1142	5	in	in	ADP
cblr-2930	1142	6	u.s	u.s	PROPN
cblr-2930	1142	7	.	.	PROPN
cblr-2930	1142	8	firms	firm	NOUN
cblr-2930	1142	9	now	now	ADV
cblr-2930	1142	10	have	have	VERB
cblr-2930	1142	11	broader	broad	ADJ
cblr-2930	1142	12	powers	power	NOUN
cblr-2930	1142	13	with	with	ADP
cblr-2930	1142	14	respect	respect	NOUN
cblr-2930	1142	15	to	to	ADP
cblr-2930	1142	16	executive	executive	ADJ
cblr-2930	1142	17	compensation	compensation	NOUN
cblr-2930	1142	18	,	,	PUNCT
cblr-2930	1142	19	the	the	DET
cblr-2930	1142	20	issue	issue	NOUN
cblr-2930	1142	21	will	will	AUX
cblr-2930	1142	22	also	also	ADV
cblr-2930	1142	23	be	be	AUX
cblr-2930	1142	24	qualified	qualified	ADJ
cblr-2930	1142	25	as	as	ADP
cblr-2930	1142	26	a	a	DET
cblr-2930	1142	27	non	non	ADJ
cblr-2930	1142	28	-	-	ADJ
cblr-2930	1142	29	routine	routine	ADJ
cblr-2930	1142	30	matter	matter	NOUN
cblr-2930	1142	31	,	,	PUNCT
cblr-2930	1142	32	meaning	mean	VERB
cblr-2930	1142	33	brokers	broker	NOUN
cblr-2930	1142	34	may	may	AUX
cblr-2930	1142	35	vote	vote	VERB
cblr-2930	1142	36	only	only	ADV
cblr-2930	1142	37	when	when	SCONJ
cblr-2930	1142	38	instructed.19	instructed.19	NOUN
cblr-2930	1142	39	2	2	NUM
cblr-2930	1142	40	since	since	SCONJ
cblr-2930	1142	41	retail	retail	ADJ
cblr-2930	1142	42	investors	investor	NOUN
cblr-2930	1142	43	are	be	AUX
cblr-2930	1142	44	the	the	DET
cblr-2930	1142	45	least	least	ADV
cblr-2930	1142	46	likely	likely	ADJ
cblr-2930	1142	47	to	to	PART
cblr-2930	1142	48	instruct	instruct	VERB
cblr-2930	1142	49	their	their	PRON
cblr-2930	1142	50	brokers	broker	NOUN
cblr-2930	1142	51	,	,	PUNCT
cblr-2930	1142	52	the	the	DET
cblr-2930	1142	53	vote	vote	NOUN
cblr-2930	1142	54	of	of	ADP
cblr-2930	1142	55	institutional	institutional	ADJ
cblr-2930	1142	56	investors	investor	NOUN
cblr-2930	1142	57	will	will	AUX
cblr-2930	1142	58	probably	probably	ADV
cblr-2930	1142	59	increase	increase	VERB
cblr-2930	1142	60	in	in	ADP
cblr-2930	1142	61	relative	relative	ADJ
cblr-2930	1142	62	weight	weight	NOUN
cblr-2930	1142	63	.	.	PUNCT
cblr-2930	1143	1	and	and	CCONJ
cblr-2930	1143	2	given	give	VERB
cblr-2930	1143	3	that	that	PRON
cblr-2930	1143	4	institutional	institutional	ADJ
cblr-2930	1143	5	investors	investor	NOUN
cblr-2930	1143	6	are	be	AUX
cblr-2930	1143	7	the	the	DET
cblr-2930	1143	8	ones	one	NOUN
cblr-2930	1143	9	retaining	retain	VERB
cblr-2930	1143	10	proxy	proxy	NOUN
cblr-2930	1143	11	advice	advice	NOUN
cblr-2930	1143	12	,	,	PUNCT
cblr-2930	1143	13	it	it	PRON
cblr-2930	1143	14	is	be	AUX
cblr-2930	1143	15	ever	ever	ADV
cblr-2930	1143	16	more	more	ADV
cblr-2930	1143	17	important	important	ADJ
cblr-2930	1143	18	that	that	SCONJ
cblr-2930	1143	19	they	they	PRON
cblr-2930	1143	20	vote	vote	VERB
cblr-2930	1143	21	on	on	ADP
cblr-2930	1143	22	an	an	DET
cblr-2930	1143	23	informed	informed	ADJ
cblr-2930	1143	24	and	and	CCONJ
cblr-2930	1143	25	independent	independent	ADJ
cblr-2930	1143	26	basis	basis	NOUN
cblr-2930	1143	27	.	.	PUNCT
cblr-2930	1144	1	93	93	NUM
cblr-2930	1144	2	should	should	AUX
cblr-2930	1144	3	they	they	PRON
cblr-2930	1144	4	fail	fail	VERB
cblr-2930	1144	5	to	to	PART
cblr-2930	1144	6	do	do	VERB
cblr-2930	1144	7	so	so	ADV
cblr-2930	1144	8	,	,	PUNCT
cblr-2930	1144	9	some	some	DET
cblr-2930	1144	10	portfolio	portfolio	NOUN
cblr-2930	1144	11	firms	firm	NOUN
cblr-2930	1144	12	would	would	AUX
cblr-2930	1144	13	risk	risk	VERB
cblr-2930	1144	14	losing	lose	VERB
cblr-2930	1144	15	talent	talent	NOUN
cblr-2930	1144	16	to	to	ADP
cblr-2930	1144	17	rival	rival	ADJ
cblr-2930	1144	18	firms	firm	NOUN
cblr-2930	1144	19	because	because	SCONJ
cblr-2930	1144	20	they	they	PRON
cblr-2930	1144	21	are	be	AUX
cblr-2930	1144	22	unable	unable	ADJ
cblr-2930	1144	23	to	to	PART
cblr-2930	1144	24	offer	offer	VERB
cblr-2930	1144	25	competitive	competitive	ADJ
cblr-2930	1144	26	pay	pay	NOUN
cblr-2930	1144	27	,	,	PUNCT
cblr-2930	1144	28	the	the	DET
cblr-2930	1144	29	fear	fear	NOUN
cblr-2930	1144	30	expressed	express	VERB
cblr-2930	1144	31	by	by	ADP
cblr-2930	1144	32	countrywide	countrywide	NOUN
cblr-2930	1144	33	's	's	PART
cblr-2930	1144	34	former	former	ADJ
cblr-2930	1144	35	ceo	ceo	NOUN
cblr-2930	1144	36	at	at	ADP
cblr-2930	1144	37	the	the	DET
cblr-2930	1144	38	beginning	beginning	NOUN
cblr-2930	1144	39	of	of	ADP
cblr-2930	1144	40	this	this	DET
cblr-2930	1144	41	article	article	NOUN
cblr-2930	1144	42	conclusion	conclusion	NOUN
cblr-2930	1144	43	this	this	DET
cblr-2930	1144	44	article	article	NOUN
cblr-2930	1144	45	has	have	AUX
cblr-2930	1144	46	drawn	draw	VERB
cblr-2930	1144	47	an	an	DET
cblr-2930	1144	48	analogy	analogy	NOUN
cblr-2930	1144	49	between	between	ADP
cblr-2930	1144	50	stock	stock	NOUN
cblr-2930	1144	51	trading	trading	NOUN
cblr-2930	1144	52	and	and	CCONJ
cblr-2930	1144	53	corporate	corporate	ADJ
cblr-2930	1144	54	voting	voting	NOUN
cblr-2930	1144	55	and	and	CCONJ
cblr-2930	1144	56	used	use	VERB
cblr-2930	1144	57	insights	insight	NOUN
cblr-2930	1144	58	on	on	ADP
cblr-2930	1144	59	market	market	NOUN
cblr-2930	1144	60	efficiency	efficiency	NOUN
cblr-2930	1144	61	to	to	PART
cblr-2930	1144	62	study	study	VERB
cblr-2930	1144	63	voting	voting	NOUN
cblr-2930	1144	64	efficiency	efficiency	NOUN
cblr-2930	1144	65	.	.	PUNCT
cblr-2930	1145	1	the	the	DET
cblr-2930	1145	2	result	result	NOUN
cblr-2930	1145	3	is	be	AUX
cblr-2930	1145	4	a	a	DET
cblr-2930	1145	5	taxonomy	taxonomy	NOUN
cblr-2930	1145	6	of	of	ADP
cblr-2930	1145	7	mechanisms	mechanism	NOUN
cblr-2930	1145	8	of	of	ADP
cblr-2930	1145	9	voting	voting	NOUN
cblr-2930	1145	10	efficiency	efficiency	NOUN
cblr-2930	1145	11	,	,	PUNCT
cblr-2930	1145	12	including	include	VERB
cblr-2930	1145	13	informed	informed	ADJ
cblr-2930	1145	14	voting	voting	NOUN
cblr-2930	1145	15	,	,	PUNCT
cblr-2930	1145	16	rational	rational	ADJ
cblr-2930	1145	17	voting	voting	NOUN
cblr-2930	1145	18	,	,	PUNCT
cblr-2930	1145	19	independent	independent	ADJ
cblr-2930	1145	20	voting	voting	NOUN
cblr-2930	1145	21	,	,	PUNCT
cblr-2930	1145	22	and	and	CCONJ
cblr-2930	1145	23	sincere	sincere	ADJ
cblr-2930	1145	24	voting	voting	NOUN
cblr-2930	1145	25	.	.	PUNCT
cblr-2930	1146	1	the	the	DET
cblr-2930	1146	2	article	article	NOUN
cblr-2930	1146	3	has	have	AUX
cblr-2930	1146	4	also	also	ADV
cblr-2930	1146	5	explored	explore	VERB
cblr-2930	1146	6	the	the	DET
cblr-2930	1146	7	limits	limit	NOUN
cblr-2930	1146	8	of	of	ADP
cblr-2930	1146	9	voting	vote	VERB
cblr-2930	1146	10	arbitrage	arbitrage	NOUN
cblr-2930	1146	11	through	through	ADP
cblr-2930	1146	12	share	share	NOUN
cblr-2930	1146	13	trading	trading	NOUN
cblr-2930	1146	14	,	,	PUNCT
cblr-2930	1146	15	proxy	proxy	ADJ
cblr-2930	1146	16	solicitation	solicitation	NOUN
cblr-2930	1146	17	,	,	PUNCT
cblr-2930	1146	18	and	and	CCONJ
cblr-2930	1146	19	vote	vote	NOUN
cblr-2930	1146	20	buying	buying	NOUN
cblr-2930	1146	21	.	.	PUNCT
cblr-2930	1147	1	this	this	PRON
cblr-2930	1147	2	has	have	AUX
cblr-2930	1147	3	provided	provide	VERB
cblr-2930	1147	4	a	a	DET
cblr-2930	1147	5	framework	framework	NOUN
cblr-2930	1147	6	for	for	ADP
cblr-2930	1147	7	analysis	analysis	NOUN
cblr-2930	1147	8	of	of	ADP
cblr-2930	1147	9	two	two	NUM
cblr-2930	1147	10	issues	issue	NOUN
cblr-2930	1147	11	that	that	PRON
cblr-2930	1147	12	are	be	AUX
cblr-2930	1147	13	currently	currently	ADV
cblr-2930	1147	14	being	be	AUX
cblr-2930	1147	15	studied	study	VERB
cblr-2930	1147	16	by	by	ADP
cblr-2930	1147	17	the	the	DET
cblr-2930	1147	18	sec	sec	PROPN
cblr-2930	1147	19	and	and	CCONJ
cblr-2930	1147	20	policymakers	policymaker	NOUN
cblr-2930	1147	21	around	around	ADP
cblr-2930	1147	22	the	the	DET
cblr-2930	1147	23	world	world	NOUN
cblr-2930	1147	24	:	:	PUNCT
cblr-2930	1147	25	empty	empty	ADJ
cblr-2930	1147	26	voting	voting	NOUN
cblr-2930	1147	27	and	and	CCONJ
cblr-2930	1147	28	the	the	DET
cblr-2930	1147	29	major	major	ADJ
cblr-2930	1147	30	influence	influence	NOUN
cblr-2930	1147	31	of	of	ADP
cblr-2930	1147	32	proxy	proxy	ADJ
cblr-2930	1147	33	advisers	adviser	NOUN
cblr-2930	1147	34	.	.	PUNCT
cblr-2930	1148	1	the	the	DET
cblr-2930	1148	2	analysis	analysis	NOUN
cblr-2930	1148	3	has	have	AUX
cblr-2930	1148	4	shown	show	VERB
cblr-2930	1148	5	why	why	SCONJ
cblr-2930	1148	6	policymakers	policymaker	NOUN
cblr-2930	1148	7	should	should	AUX
cblr-2930	1148	8	refrain	refrain	VERB
cblr-2930	1148	9	from	from	ADP
cblr-2930	1148	10	addressing	address	VERB
cblr-2930	1148	11	empty	empty	ADJ
cblr-2930	1148	12	voting	voting	NOUN
cblr-2930	1148	13	with	with	ADP
cblr-2930	1148	14	measures	measure	NOUN
cblr-2930	1148	15	that	that	PRON
cblr-2930	1148	16	reach	reach	VERB
cblr-2930	1148	17	beyond	beyond	ADP
cblr-2930	1148	18	disclosure	disclosure	NOUN
cblr-2930	1148	19	,	,	PUNCT
cblr-2930	1148	20	except	except	SCONJ
cblr-2930	1148	21	on	on	ADP
cblr-2930	1148	22	an	an	DET
cblr-2930	1148	23	ex	ex	ADJ
cblr-2930	1148	24	post	post	PROPN
cblr-2930	1148	25	basis	basis	NOUN
cblr-2930	1148	26	in	in	ADP
cblr-2930	1148	27	individual	individual	ADJ
cblr-2930	1148	28	cases	case	NOUN
cblr-2930	1148	29	of	of	ADP
cblr-2930	1148	30	abuse	abuse	NOUN
cblr-2930	1148	31	.	.	PUNCT
cblr-2930	1149	1	in	in	ADP
cblr-2930	1149	2	addition	addition	NOUN
cblr-2930	1149	3	,	,	PUNCT
cblr-2930	1149	4	the	the	DET
cblr-2930	1149	5	analysis	analysis	NOUN
cblr-2930	1149	6	has	have	AUX
cblr-2930	1149	7	shown	show	VERB
cblr-2930	1149	8	that	that	SCONJ
cblr-2930	1149	9	policymakers	policymaker	NOUN
cblr-2930	1149	10	should	should	AUX
cblr-2930	1149	11	consider	consider	VERB
cblr-2930	1149	12	19	19	NUM
cblr-2930	1149	13	i	i	PROPN
cblr-2930	1149	14	d.	d.	PROPN
cblr-2930	1149	15	§	§	PROPN
cblr-2930	1149	16	957	957	NUM
cblr-2930	1149	17	.	.	NOUN
cblr-2930	1149	18	1	1	NUM
cblr-2930	1149	19	see	see	VERB
cblr-2930	1149	20	eric	eric	PROPN
cblr-2930	1149	21	hilfers	hilfer	NOUN
cblr-2930	1149	22	,	,	PUNCT
cblr-2930	1149	23	say	say	VERB
cblr-2930	1149	24	on	on	ADP
cblr-2930	1149	25	pay	pay	NOUN
cblr-2930	1149	26	with	with	ADP
cblr-2930	1149	27	teeth	tooth	NOUN
cblr-2930	1149	28	:	:	PUNCT
cblr-2930	1149	29	important	important	ADJ
cblr-2930	1149	30	new	new	ADJ
cblr-2930	1149	31	provision	provision	NOUN
cblr-2930	1149	32	in	in	ADP
cblr-2930	1149	33	senate	senate	PROPN
cblr-2930	1149	34	finance	finance	NOUN
cblr-2930	1149	35	reform	reform	NOUN
cblr-2930	1149	36	bill	bill	NOUN
cblr-2930	1149	37	,	,	PUNCT
cblr-2930	1149	38	the	the	DET
cblr-2930	1149	39	talley	talley	PROPN
cblr-2930	1149	40	sheet	sheet	NOUN
cblr-2930	1149	41	(	(	PUNCT
cblr-2930	1149	42	apr	apr	PROPN
cblr-2930	1149	43	.	.	PROPN
cblr-2930	1149	44	8	8	NUM
cblr-2930	1149	45	,	,	PUNCT
cblr-2930	1149	46	2010	2010	NUM
cblr-2930	1149	47	,	,	PUNCT
cblr-2930	1149	48	11:20	11:20	NUM
cblr-2930	1149	49	am	am	NOUN
cblr-2930	1149	50	)	)	PUNCT
cblr-2930	1149	51	,	,	PUNCT
cblr-2930	1149	52	http://www.boardmember.com/blog-post.aspx?blogid=4294967362	http://www.boardmember.com/blog-post.aspx?blogid=4294967362	PROPN
cblr-2930	1149	53	(	(	PUNCT
cblr-2930	1149	54	warning	warn	VERB
cblr-2930	1149	55	that	that	SCONJ
cblr-2930	1149	56	the	the	DET
cblr-2930	1149	57	proposed	propose	VERB
cblr-2930	1149	58	reforms	reform	NOUN
cblr-2930	1149	59	will	will	AUX
cblr-2930	1149	60	increase	increase	VERB
cblr-2930	1149	61	the	the	DET
cblr-2930	1149	62	influence	influence	NOUN
cblr-2930	1149	63	of	of	ADP
cblr-2930	1149	64	iss	iss	PROPN
cblr-2930	1149	65	)	)	PUNCT
cblr-2930	1149	66	.	.	PUNCT
cblr-2930	1150	1	833no	833no	PROPN
cblr-2930	1150	2	.	.	PUNCT
cblr-2930	1151	1	3:763	3:763	NUM
cblr-2930	1151	2	]	]	PUNCT
cblr-2930	1151	3	mechanisms	mechanism	NOUN
cblr-2930	1151	4	of	of	ADP
cblr-2930	1151	5	voting	vote	VERB
cblr-2930	1151	6	efficiency	efficiency	NOUN
cblr-2930	1151	7	specific	specific	ADJ
cblr-2930	1151	8	measures	measure	NOUN
cblr-2930	1151	9	relating	relate	VERB
cblr-2930	1151	10	to	to	ADP
cblr-2930	1151	11	proxy	proxy	ADJ
cblr-2930	1151	12	advisers	adviser	NOUN
cblr-2930	1151	13	in	in	ADP
cblr-2930	1151	14	order	order	NOUN
cblr-2930	1151	15	to	to	PART
cblr-2930	1151	16	enhance	enhance	VERB
cblr-2930	1151	17	voting	voting	NOUN
cblr-2930	1151	18	efficiency	efficiency	NOUN
cblr-2930	1151	19	.	.	PUNCT
cblr-2930	1152	1	these	these	DET
cblr-2930	1152	2	measures	measure	NOUN
cblr-2930	1152	3	should	should	AUX
cblr-2930	1152	4	be	be	AUX
cblr-2930	1152	5	aimed	aim	VERB
cblr-2930	1152	6	at	at	ADP
cblr-2930	1152	7	promoting	promote	VERB
cblr-2930	1152	8	informed	informed	ADJ
cblr-2930	1152	9	voting	voting	NOUN
cblr-2930	1152	10	and	and	CCONJ
cblr-2930	1152	11	independent	independent	ADJ
cblr-2930	1152	12	voting	voting	NOUN
cblr-2930	1152	13	,	,	PUNCT
cblr-2930	1152	14	and	and	CCONJ
cblr-2930	1152	15	at	at	ADP
cblr-2930	1152	16	preventing	prevent	VERB
cblr-2930	1152	17	conflicted	conflicted	ADJ
cblr-2930	1152	18	voting	voting	NOUN
cblr-2930	1152	19	.	.	PUNCT
cblr-2930	1153	1	the	the	DET
cblr-2930	1153	2	framework	framework	NOUN
cblr-2930	1153	3	also	also	ADV
cblr-2930	1153	4	provides	provide	VERB
cblr-2930	1153	5	a	a	DET
cblr-2930	1153	6	roadmap	roadmap	NOUN
cblr-2930	1153	7	for	for	ADP
cblr-2930	1153	8	future	future	ADJ
cblr-2930	1153	9	empirical	empirical	ADJ
cblr-2930	1153	10	research	research	NOUN
cblr-2930	1153	11	by	by	ADP
cblr-2930	1153	12	generating	generate	VERB
cblr-2930	1153	13	a	a	DET
cblr-2930	1153	14	number	number	NOUN
cblr-2930	1153	15	of	of	ADP
cblr-2930	1153	16	testable	testable	ADJ
cblr-2930	1153	17	hypotheses	hypothesis	NOUN
cblr-2930	1153	18	.	.	PUNCT
cblr-2930	1154	1	among	among	ADP
cblr-2930	1154	2	these	these	PRON
cblr-2930	1154	3	are	be	AUX
cblr-2930	1154	4	:	:	PUNCT
cblr-2930	1154	5	(	(	PUNCT
cblr-2930	1154	6	1	1	X
cblr-2930	1154	7	)	)	PUNCT
cblr-2930	1154	8	sample	sample	NOUN
cblr-2930	1154	9	size	size	NOUN
cblr-2930	1154	10	neglect	neglect	NOUN
cblr-2930	1154	11	causes	cause	VERB
cblr-2930	1154	12	shareholders	shareholder	NOUN
cblr-2930	1154	13	of	of	ADP
cblr-2930	1154	14	firms	firm	NOUN
cblr-2930	1154	15	with	with	ADP
cblr-2930	1154	16	strong	strong	ADJ
cblr-2930	1154	17	track	track	NOUN
cblr-2930	1154	18	records	record	NOUN
cblr-2930	1154	19	of	of	ADP
cblr-2930	1154	20	prior	prior	ADJ
cblr-2930	1154	21	acquisitions	acquisition	NOUN
cblr-2930	1154	22	to	to	PART
cblr-2930	1154	23	approve	approve	VERB
cblr-2930	1154	24	proposed	propose	VERB
cblr-2930	1154	25	acquisitions	acquisition	NOUN
cblr-2930	1154	26	even	even	ADV
cblr-2930	1154	27	if	if	SCONJ
cblr-2930	1154	28	the	the	DET
cblr-2930	1154	29	prior	prior	ADJ
cblr-2930	1154	30	acquisitions	acquisition	NOUN
cblr-2930	1154	31	are	be	AUX
cblr-2930	1154	32	not	not	PART
cblr-2930	1154	33	fully	fully	ADV
cblr-2930	1154	34	representative	representative	ADJ
cblr-2930	1154	35	of	of	ADP
cblr-2930	1154	36	management	management	NOUN
cblr-2930	1154	37	's	's	PART
cblr-2930	1154	38	ability	ability	NOUN
cblr-2930	1154	39	to	to	PART
cblr-2930	1154	40	make	make	VERB
cblr-2930	1154	41	the	the	DET
cblr-2930	1154	42	proposed	propose	VERB
cblr-2930	1154	43	acquisition	acquisition	NOUN
cblr-2930	1154	44	a	a	DET
cblr-2930	1154	45	success	success	NOUN
cblr-2930	1154	46	;	;	PUNCT
cblr-2930	1154	47	(	(	PUNCT
cblr-2930	1154	48	2	2	X
cblr-2930	1154	49	)	)	PUNCT
cblr-2930	1154	50	optimism	optimism	NOUN
cblr-2930	1154	51	causes	cause	VERB
cblr-2930	1154	52	shareholders	shareholder	NOUN
cblr-2930	1154	53	of	of	ADP
cblr-2930	1154	54	firms	firm	NOUN
cblr-2930	1154	55	to	to	PART
cblr-2930	1154	56	approve	approve	VERB
cblr-2930	1154	57	proposed	propose	VERB
cblr-2930	1154	58	acquisitions	acquisition	NOUN
cblr-2930	1154	59	that	that	PRON
cblr-2930	1154	60	purport	purport	VERB
cblr-2930	1154	61	to	to	PART
cblr-2930	1154	62	exploit	exploit	VERB
cblr-2930	1154	63	opportunities	opportunity	NOUN
cblr-2930	1154	64	arising	arise	VERB
cblr-2930	1154	65	in	in	ADP
cblr-2930	1154	66	a	a	DET
cblr-2930	1154	67	new	new	ADJ
cblr-2930	1154	68	era	era	NOUN
cblr-2930	1154	69	,	,	PUNCT
cblr-2930	1154	70	and	and	CCONJ
cblr-2930	1154	71	to	to	PART
cblr-2930	1154	72	appoint	appoint	VERB
cblr-2930	1154	73	directors	director	NOUN
cblr-2930	1154	74	who	who	PRON
cblr-2930	1154	75	claim	claim	VERB
cblr-2930	1154	76	they	they	PRON
cblr-2930	1154	77	will	will	AUX
cblr-2930	1154	78	exploit	exploit	VERB
cblr-2930	1154	79	such	such	ADJ
cblr-2930	1154	80	opportunities	opportunity	NOUN
cblr-2930	1154	81	;	;	PUNCT
cblr-2930	1154	82	(	(	PUNCT
cblr-2930	1154	83	3	3	X
cblr-2930	1154	84	)	)	PUNCT
cblr-2930	1154	85	shareholders	shareholder	NOUN
cblr-2930	1154	86	make	make	VERB
cblr-2930	1154	87	attribution	attribution	NOUN
cblr-2930	1154	88	errors	error	NOUN
cblr-2930	1154	89	in	in	ADP
cblr-2930	1154	90	director	director	NOUN
cblr-2930	1154	91	elections	election	NOUN
cblr-2930	1154	92	;	;	PUNCT
cblr-2930	1154	93	(	(	PUNCT
cblr-2930	1154	94	4	4	X
cblr-2930	1154	95	)	)	PUNCT
cblr-2930	1154	96	the	the	DET
cblr-2930	1154	97	presence	presence	NOUN
cblr-2930	1154	98	of	of	ADP
cblr-2930	1154	99	an	an	DET
cblr-2930	1154	100	opinion	opinion	NOUN
cblr-2930	1154	101	leader	leader	NOUN
cblr-2930	1154	102	results	result	VERB
cblr-2930	1154	103	in	in	ADP
cblr-2930	1154	104	convergence	convergence	NOUN
cblr-2930	1154	105	of	of	ADP
cblr-2930	1154	106	shareholder	shareholder	NOUN
cblr-2930	1154	107	votes	vote	NOUN
cblr-2930	1154	108	around	around	ADP
cblr-2930	1154	109	the	the	DET
cblr-2930	1154	110	explicit	explicit	ADJ
cblr-2930	1154	111	or	or	CCONJ
cblr-2930	1154	112	implicit	implicit	ADJ
cblr-2930	1154	113	recommendation	recommendation	NOUN
cblr-2930	1154	114	of	of	ADP
cblr-2930	1154	115	the	the	DET
cblr-2930	1154	116	opinion	opinion	NOUN
cblr-2930	1154	117	leader	leader	NOUN
cblr-2930	1154	118	;	;	PUNCT
cblr-2930	1154	119	(	(	PUNCT
cblr-2930	1154	120	5	5	X
cblr-2930	1154	121	)	)	PUNCT
cblr-2930	1154	122	the	the	PRON
cblr-2930	1154	123	greater	great	ADJ
cblr-2930	1154	124	the	the	DET
cblr-2930	1154	125	dispersion	dispersion	NOUN
cblr-2930	1154	126	of	of	ADP
cblr-2930	1154	127	share	share	NOUN
cblr-2930	1154	128	ownership	ownership	NOUN
cblr-2930	1154	129	,	,	PUNCT
cblr-2930	1154	130	the	the	PRON
cblr-2930	1154	131	greater	great	ADJ
cblr-2930	1154	132	the	the	DET
cblr-2930	1154	133	incentive	incentive	NOUN
cblr-2930	1154	134	to	to	PART
cblr-2930	1154	135	engage	engage	VERB
cblr-2930	1154	136	in	in	ADP
cblr-2930	1154	137	epistemic	epistemic	ADJ
cblr-2930	1154	138	free	free	ADJ
cblr-2930	1154	139	-	-	PUNCT
cblr-2930	1154	140	riding	ride	VERB
cblr-2930	1154	141	and	and	CCONJ
cblr-2930	1154	142	thus	thus	ADV
cblr-2930	1154	143	the	the	PRON
cblr-2930	1154	144	greater	great	ADJ
cblr-2930	1154	145	the	the	DET
cblr-2930	1154	146	relative	relative	ADJ
cblr-2930	1154	147	impact	impact	NOUN
cblr-2930	1154	148	of	of	ADP
cblr-2930	1154	149	an	an	DET
cblr-2930	1154	150	opinion	opinion	NOUN
cblr-2930	1154	151	leader	leader	NOUN
cblr-2930	1154	152	;	;	PUNCT
cblr-2930	1154	153	and	and	CCONJ
cblr-2930	1154	154	(	(	PUNCT
cblr-2930	1154	155	6	6	X
cblr-2930	1154	156	)	)	PUNCT
cblr-2930	1154	157	absent	absent	ADJ
cblr-2930	1154	158	conflicted	conflicted	ADJ
cblr-2930	1154	159	voting	voting	NOUN
cblr-2930	1154	160	,	,	PUNCT
cblr-2930	1154	161	the	the	PRON
cblr-2930	1154	162	more	more	ADV
cblr-2930	1154	163	significant	significant	ADJ
cblr-2930	1154	164	the	the	DET
cblr-2930	1154	165	cost	cost	NOUN
cblr-2930	1154	166	and	and	CCONJ
cblr-2930	1154	167	legal	legal	ADJ
cblr-2930	1154	168	constraints	constraint	NOUN
cblr-2930	1154	169	to	to	ADP
cblr-2930	1154	170	voting	vote	VERB
cblr-2930	1154	171	arbitrage	arbitrage	NOUN
cblr-2930	1154	172	,	,	PUNCT
cblr-2930	1154	173	the	the	PRON
cblr-2930	1154	174	greater	great	ADJ
cblr-2930	1154	175	the	the	DET
cblr-2930	1154	176	risk	risk	NOUN
cblr-2930	1154	177	that	that	SCONJ
cblr-2930	1154	178	a	a	DET
cblr-2930	1154	179	majority	majority	NOUN
cblr-2930	1154	180	of	of	ADP
cblr-2930	1154	181	the	the	DET
cblr-2930	1154	182	shares	share	NOUN
cblr-2930	1154	183	in	in	ADP
cblr-2930	1154	184	a	a	DET
cblr-2930	1154	185	firm	firm	NOUN
cblr-2930	1154	186	with	with	ADP
cblr-2930	1154	187	dispersed	disperse	VERB
cblr-2930	1154	188	ownership	ownership	NOUN
cblr-2930	1154	189	will	will	AUX
cblr-2930	1154	190	be	be	AUX
cblr-2930	1154	191	voted	vote	VERB
cblr-2930	1154	192	for	for	ADP
cblr-2930	1154	193	the	the	DET
cblr-2930	1154	194	incorrect	incorrect	ADJ
cblr-2930	1154	195	,	,	PUNCT
cblr-2930	1154	196	i.e.	i.e.	X
cblr-2930	1154	197	value	value	NOUN
cblr-2930	1154	198	decreasing	decreasing	NOUN
cblr-2930	1154	199	,	,	PUNCT
cblr-2930	1154	200	option	option	NOUN
cblr-2930	1154	201	.	.	PUNCT
cblr-2930	1155	1	to	to	PART
cblr-2930	1155	2	conclude	conclude	VERB
cblr-2930	1155	3	,	,	PUNCT
cblr-2930	1155	4	our	our	PRON
cblr-2930	1155	5	understanding	understanding	NOUN
cblr-2930	1155	6	of	of	ADP
cblr-2930	1155	7	voting	vote	VERB
cblr-2930	1155	8	efficiency	efficiency	NOUN
cblr-2930	1155	9	may	may	AUX
cblr-2930	1155	10	perhaps	perhaps	ADV
cblr-2930	1155	11	never	never	ADV
cblr-2930	1155	12	equal	equal	VERB
cblr-2930	1155	13	our	our	PRON
cblr-2930	1155	14	understanding	understanding	NOUN
cblr-2930	1155	15	of	of	ADP
cblr-2930	1155	16	market	market	NOUN
cblr-2930	1155	17	efficiency	efficiency	NOUN
cblr-2930	1155	18	given	give	VERB
cblr-2930	1155	19	the	the	DET
cblr-2930	1155	20	unmatched	unmatched	ADJ
cblr-2930	1155	21	wealth	wealth	NOUN
cblr-2930	1155	22	of	of	ADP
cblr-2930	1155	23	data	datum	NOUN
cblr-2930	1155	24	that	that	PRON
cblr-2930	1155	25	the	the	DET
cblr-2930	1155	26	stock	stock	NOUN
cblr-2930	1155	27	market	market	NOUN
cblr-2930	1155	28	churns	churn	VERB
cblr-2930	1155	29	out	out	ADP
cblr-2930	1155	30	every	every	DET
cblr-2930	1155	31	minute	minute	NOUN
cblr-2930	1155	32	.	.	PUNCT
cblr-2930	1156	1	yet	yet	ADV
cblr-2930	1156	2	,	,	PUNCT
cblr-2930	1156	3	the	the	DET
cblr-2930	1156	4	importance	importance	NOUN
cblr-2930	1156	5	of	of	ADP
cblr-2930	1156	6	voting	vote	VERB
cblr-2930	1156	7	efficiency	efficiency	NOUN
cblr-2930	1156	8	for	for	ADP
cblr-2930	1156	9	the	the	DET
cblr-2930	1156	10	efficient	efficient	ADJ
cblr-2930	1156	11	allocation	allocation	NOUN
cblr-2930	1156	12	of	of	ADP
cblr-2930	1156	13	resources	resource	NOUN
cblr-2930	1156	14	in	in	ADP
cblr-2930	1156	15	the	the	DET
cblr-2930	1156	16	economy	economy	NOUN
cblr-2930	1156	17	compels	compel	VERB
cblr-2930	1156	18	us	we	PRON
cblr-2930	1156	19	to	to	PART
cblr-2930	1156	20	try	try	VERB
cblr-2930	1156	21	to	to	PART
cblr-2930	1156	22	improve	improve	VERB
cblr-2930	1156	23	our	our	PRON
cblr-2930	1156	24	current	current	ADJ
cblr-2930	1156	25	limited	limited	ADJ
cblr-2930	1156	26	understanding	understanding	NOUN
cblr-2930	1156	27	.	.	PUNCT
cblr-2930	1157	1	here	here	ADV
cblr-2930	1157	2	,	,	PUNCT
cblr-2930	1157	3	the	the	DET
cblr-2930	1157	4	taxonomy	taxonomy	NOUN
cblr-2930	1157	5	of	of	ADP
cblr-2930	1157	6	mechanisms	mechanism	NOUN
cblr-2930	1157	7	of	of	ADP
cblr-2930	1157	8	voting	voting	NOUN
cblr-2930	1157	9	efficiency	efficiency	NOUN
cblr-2930	1157	10	should	should	AUX
cblr-2930	1157	11	prove	prove	VERB
cblr-2930	1157	12	a	a	DET
cblr-2930	1157	13	useful	useful	ADJ
cblr-2930	1157	14	analytical	analytical	ADJ
cblr-2930	1157	15	tool	tool	NOUN
cblr-2930	1157	16	.	.	PUNCT
cblr-2930	1158	1	columibia	columibia	PROPN
cblr-2930	1158	2	b	b	X
cblr-2930	1158	3	usiness	usiness	PROPN
cblr-2930	1158	4	la	la	PROPN
cblr-2930	1158	5	w	w	PROPN
cblr-2930	1158	6	re	re	PROPN
cblr-2930	1158	7	vie	vie	PROPN
cblr-2930	1158	8	w	w	PROPN
cblr-2930	1159	1	[	[	X
cblr-2930	1159	2	vol	vol	NOUN
cblr-2930	1159	3	.	.	PUNCT
cblr-2930	1159	4	2010834	2010834	NUM