id	sid	tid	token	lemma	pos
cblr-8629	1	1	microsoft	microsoft	PROPN
cblr-8629	1	2	word	word	NOUN
cblr-8629	1	3	2	2	NUM
cblr-8629	1	4	ahn	ahn	PROPN
cblr-8629	1	5	et	et	PROPN
cblr-8629	1	6	al	al	PROPN
cblr-8629	1	7	ahn	ahn	PROPN
cblr-8629	1	8	et	et	PROPN
cblr-8629	1	9	al	al	PROPN
cblr-8629	1	10	.	.	PROPN
cblr-8629	1	11	8/20/2021	8/20/2021	NUM
cblr-8629	1	12	6:14	6:14	NUM
cblr-8629	1	13	pm	pm	NOUN
cblr-8629	1	14	synthetic	synthetic	ADJ
cblr-8629	1	15	governance	governance	NOUN
cblr-8629	1	16	byung	byung	PROPN
cblr-8629	1	17	hyun	hyun	PROPN
cblr-8629	1	18	ahn	ahn	PROPN
cblr-8629	1	19	,	,	PUNCT
cblr-8629	1	20	jill	jill	PROPN
cblr-8629	1	21	e.	e.	PROPN
cblr-8629	1	22	fisch	fisch	PROPN
cblr-8629	1	23	,	,	PUNCT
cblr-8629	1	24	panos	panos	PROPN
cblr-8629	1	25	n.	n.	PROPN
cblr-8629	1	26	patatoukas	patatoukas	PROPN
cblr-8629	1	27	,	,	PUNCT
cblr-8629	1	28	&	&	CCONJ
cblr-8629	1	29	steven	steven	PROPN
cblr-8629	1	30	davidoff	davidoff	PROPN
cblr-8629	1	31	solomon	solomon	PROPN
cblr-8629	1	32	*	*	PROPN
cblr-8629	1	33	although	although	SCONJ
cblr-8629	1	34	securities	security	NOUN
cblr-8629	1	35	regulation	regulation	NOUN
cblr-8629	1	36	is	be	AUX
cblr-8629	1	37	distinct	distinct	ADJ
cblr-8629	1	38	from	from	ADP
cblr-8629	1	39	corporate	corporate	ADJ
cblr-8629	1	40	governance	governance	NOUN
cblr-8629	1	41	,	,	PUNCT
cblr-8629	1	42	the	the	DET
cblr-8629	1	43	two	two	NUM
cblr-8629	1	44	fields	field	NOUN
cblr-8629	1	45	have	have	VERB
cblr-8629	1	46	considerable	considerable	ADJ
cblr-8629	1	47	substantive	substantive	ADJ
cblr-8629	1	48	overlap	overlap	NOUN
cblr-8629	1	49	.	.	PUNCT
cblr-8629	2	1	by	by	ADP
cblr-8629	2	2	increasing	increase	VERB
cblr-8629	2	3	the	the	DET
cblr-8629	2	4	transparency	transparency	NOUN
cblr-8629	2	5	and	and	CCONJ
cblr-8629	2	6	efficiency	efficiency	NOUN
cblr-8629	2	7	of	of	ADP
cblr-8629	2	8	the	the	DET
cblr-8629	2	9	capital	capital	NOUN
cblr-8629	2	10	markets	market	NOUN
cblr-8629	2	11	,	,	PUNCT
cblr-8629	2	12	securities	security	NOUN
cblr-8629	2	13	regulation	regulation	NOUN
cblr-8629	2	14	can	can	AUX
cblr-8629	2	15	also	also	ADV
cblr-8629	2	16	enhance	enhance	VERB
cblr-8629	2	17	the	the	DET
cblr-8629	2	18	capacity	capacity	NOUN
cblr-8629	2	19	of	of	ADP
cblr-8629	2	20	those	those	DET
cblr-8629	2	21	markets	market	NOUN
cblr-8629	2	22	to	to	PART
cblr-8629	2	23	discipline	discipline	VERB
cblr-8629	2	24	governance	governance	NOUN
cblr-8629	2	25	decisions	decision	NOUN
cblr-8629	2	26	.	.	PUNCT
cblr-8629	3	1	the	the	DET
cblr-8629	3	2	importance	importance	NOUN
cblr-8629	3	3	of	of	ADP
cblr-8629	3	4	market	market	NOUN
cblr-8629	3	5	discipline	discipline	NOUN
cblr-8629	3	6	is	be	AUX
cblr-8629	3	7	heightened	heighten	VERB
cblr-8629	3	8	by	by	ADP
cblr-8629	3	9	the	the	DET
cblr-8629	3	10	increasingly	increasingly	ADV
cblr-8629	3	11	vocal	vocal	ADJ
cblr-8629	3	12	debate	debate	NOUN
cblr-8629	3	13	over	over	ADP
cblr-8629	3	14	what	what	PRON
cblr-8629	3	15	constitutes	constitute	VERB
cblr-8629	3	16	“	"	PUNCT
cblr-8629	3	17	good	good	ADJ
cblr-8629	3	18	”	"	PUNCT
cblr-8629	3	19	corporate	corporate	ADJ
cblr-8629	3	20	governance	governance	NOUN
cblr-8629	3	21	.	.	PUNCT
cblr-8629	4	1	securities	security	NOUN
cblr-8629	4	2	product	product	NOUN
cblr-8629	4	3	innovation	innovation	NOUN
cblr-8629	4	4	offers	offer	VERB
cblr-8629	4	5	new	new	ADJ
cblr-8629	4	6	tools	tool	NOUN
cblr-8629	4	7	to	to	PART
cblr-8629	4	8	address	address	VERB
cblr-8629	4	9	this	this	DET
cblr-8629	4	10	debate	debate	NOUN
cblr-8629	4	11	.	.	PUNCT
cblr-8629	5	1	the	the	DET
cblr-8629	5	2	rise	rise	NOUN
cblr-8629	5	3	of	of	ADP
cblr-8629	5	4	index	index	NOUN
cblr-8629	5	5	-	-	PUNCT
cblr-8629	5	6	based	base	VERB
cblr-8629	5	7	investing	investing	NOUN
cblr-8629	5	8	provides	provide	VERB
cblr-8629	5	9	a	a	DET
cblr-8629	5	10	market	market	NOUN
cblr-8629	5	11	-	-	PUNCT
cblr-8629	5	12	based	base	VERB
cblr-8629	5	13	mechanism	mechanism	NOUN
cblr-8629	5	14	for	for	ADP
cblr-8629	5	15	selecting	select	VERB
cblr-8629	5	16	among	among	ADP
cblr-8629	5	17	governance	governance	NOUN
cblr-8629	5	18	options	option	NOUN
cblr-8629	5	19	and	and	CCONJ
cblr-8629	5	20	evaluating	evaluate	VERB
cblr-8629	5	21	their	their	PRON
cblr-8629	5	22	effects	effect	NOUN
cblr-8629	5	23	.	.	PUNCT
cblr-8629	6	1	through	through	ADP
cblr-8629	6	2	the	the	DET
cblr-8629	6	3	creation	creation	NOUN
cblr-8629	6	4	of	of	ADP
cblr-8629	6	5	bespoke	bespoke	NOUN
cblr-8629	6	6	governance	governance	NOUN
cblr-8629	6	7	index	index	NOUN
cblr-8629	6	8	funds	fund	NOUN
cblr-8629	6	9	,	,	PUNCT
cblr-8629	6	10	asset	asset	NOUN
cblr-8629	6	11	managers	manager	NOUN
cblr-8629	6	12	can	can	AUX
cblr-8629	6	13	create	create	VERB
cblr-8629	6	14	indexes	index	NOUN
cblr-8629	6	15	that	that	PRON
cblr-8629	6	16	correspond	correspond	VERB
cblr-8629	6	17	to	to	ADP
cblr-8629	6	18	investors	investor	NOUN
cblr-8629	6	19	’	’	PART
cblr-8629	6	20	governance	governance	NOUN
cblr-8629	6	21	preferences	preference	NOUN
cblr-8629	6	22	.	.	PUNCT
cblr-8629	7	1	we	we	PRON
cblr-8629	7	2	argue	argue	VERB
cblr-8629	7	3	that	that	SCONJ
cblr-8629	7	4	this	this	DET
cblr-8629	7	5	“	"	PUNCT
cblr-8629	7	6	synthetic	synthetic	ADJ
cblr-8629	7	7	governance	governance	NOUN
cblr-8629	7	8	”	"	PUNCT
cblr-8629	7	9	offers	offer	VERB
cblr-8629	7	10	a	a	DET
cblr-8629	7	11	way	way	NOUN
cblr-8629	7	12	to	to	PART
cblr-8629	7	13	gather	gather	VERB
cblr-8629	7	14	evidence	evidence	NOUN
cblr-8629	7	15	on	on	ADP
cblr-8629	7	16	the	the	DET
cblr-8629	7	17	economic	economic	ADJ
cblr-8629	7	18	impact	impact	NOUN
cblr-8629	7	19	of	of	ADP
cblr-8629	7	20	corporate	corporate	ADJ
cblr-8629	7	21	governance	governance	NOUN
cblr-8629	7	22	by	by	ADP
cblr-8629	7	23	providing	provide	VERB
cblr-8629	7	24	a	a	DET
cblr-8629	7	25	market	market	NOUN
cblr-8629	7	26	-	-	PUNCT
cblr-8629	7	27	based	base	VERB
cblr-8629	7	28	tool	tool	NOUN
cblr-8629	7	29	for	for	ADP
cblr-8629	7	30	evaluating	evaluate	VERB
cblr-8629	7	31	the	the	DET
cblr-8629	7	32	relationship	relationship	NOUN
cblr-8629	7	33	between	between	ADP
cblr-8629	7	34	corporate	corporate	ADJ
cblr-8629	7	35	governance	governance	NOUN
cblr-8629	7	36	and	and	CCONJ
cblr-8629	7	37	stock	stock	NOUN
cblr-8629	7	38	returns	return	NOUN
cblr-8629	7	39	.	.	PUNCT
cblr-8629	8	1	we	we	PRON
cblr-8629	8	2	illustrate	illustrate	VERB
cblr-8629	8	3	the	the	DET
cblr-8629	8	4	potential	potential	NOUN
cblr-8629	8	5	of	of	ADP
cblr-8629	8	6	synthetic	synthetic	ADJ
cblr-8629	8	7	governance	governance	NOUN
cblr-8629	8	8	by	by	ADP
cblr-8629	8	9	creating	create	VERB
cblr-8629	8	10	a	a	DET
cblr-8629	8	11	new	new	ADJ
cblr-8629	8	12	governance	governance	NOUN
cblr-8629	8	13	-	-	PUNCT
cblr-8629	8	14	based	base	VERB
cblr-8629	8	15	index	index	NOUN
cblr-8629	8	16	,	,	PUNCT
cblr-8629	8	17	the	the	DET
cblr-8629	8	18	dual	dual	ADJ
cblr-8629	8	19	index	index	NOUN
cblr-8629	8	20	,	,	PUNCT
cblr-8629	8	21	which	which	PRON
cblr-8629	8	22	selects	select	VERB
cblr-8629	8	23	portfolio	portfolio	NOUN
cblr-8629	8	24	companies	company	NOUN
cblr-8629	8	25	on	on	ADP
cblr-8629	8	26	the	the	DET
cblr-8629	8	27	basis	basis	NOUN
cblr-8629	8	28	of	of	ADP
cblr-8629	8	29	a	a	DET
cblr-8629	8	30	dual	dual	ADJ
cblr-8629	8	31	class	class	NOUN
cblr-8629	8	32	voting	voting	NOUN
cblr-8629	8	33	structure	structure	NOUN
cblr-8629	8	34	and	and	CCONJ
cblr-8629	8	35	comparing	compare	VERB
cblr-8629	8	36	its	its	PRON
cblr-8629	8	37	performance	performance	NOUN
cblr-8629	8	38	to	to	ADP
cblr-8629	8	39	various	various	ADJ
cblr-8629	8	40	benchmarks	benchmark	NOUN
cblr-8629	8	41	.	.	PUNCT
cblr-8629	9	1	we	we	PRON
cblr-8629	9	2	further	far	ADV
cblr-8629	9	3	modify	modify	VERB
cblr-8629	9	4	the	the	DET
cblr-8629	9	5	dual	dual	ADJ
cblr-8629	9	6	index	index	NOUN
cblr-8629	9	7	by	by	ADP
cblr-8629	9	8	implementing	implement	VERB
cblr-8629	9	9	synthetic	synthetic	ADJ
cblr-8629	9	10	sunsets	sunset	NOUN
cblr-8629	9	11	to	to	PART
cblr-8629	9	12	highlight	highlight	VERB
cblr-8629	9	13	the	the	DET
cblr-8629	9	14	value	value	NOUN
cblr-8629	9	15	creation	creation	NOUN
cblr-8629	9	16	of	of	ADP
cblr-8629	9	17	dual	dual	ADJ
cblr-8629	9	18	class	class	NOUN
cblr-8629	9	19	companies	company	NOUN
cblr-8629	9	20	in	in	ADP
cblr-8629	9	21	their	their	PRON
cblr-8629	9	22	early	early	ADJ
cblr-8629	9	23	years	year	NOUN
cblr-8629	9	24	and	and	CCONJ
cblr-8629	9	25	provide	provide	VERB
cblr-8629	9	26	*	*	PUNCT
cblr-8629	10	1	byung	byung	PROPN
cblr-8629	10	2	hyun	hyun	PROPN
cblr-8629	10	3	ahn	ahn	PROPN
cblr-8629	10	4	is	be	AUX
cblr-8629	10	5	a	a	DET
cblr-8629	10	6	phd	phd	NOUN
cblr-8629	10	7	student	student	NOUN
cblr-8629	10	8	at	at	ADP
cblr-8629	10	9	the	the	DET
cblr-8629	10	10	university	university	PROPN
cblr-8629	10	11	of	of	ADP
cblr-8629	10	12	california	california	PROPN
cblr-8629	10	13	berkeley	berkeley	PROPN
cblr-8629	10	14	,	,	PUNCT
cblr-8629	10	15	haas	haas	PROPN
cblr-8629	10	16	school	school	PROPN
cblr-8629	10	17	of	of	ADP
cblr-8629	10	18	business	business	NOUN
cblr-8629	10	19	;	;	PUNCT
cblr-8629	10	20	jill	jill	PROPN
cblr-8629	10	21	e.	e.	PROPN
cblr-8629	10	22	fisch	fisch	PROPN
cblr-8629	10	23	is	be	AUX
cblr-8629	10	24	the	the	DET
cblr-8629	10	25	saul	saul	PROPN
cblr-8629	10	26	a.	a.	PROPN
cblr-8629	10	27	fox	fox	PROPN
cblr-8629	10	28	distinguished	distinguish	VERB
cblr-8629	10	29	professor	professor	NOUN
cblr-8629	10	30	of	of	ADP
cblr-8629	10	31	business	business	NOUN
cblr-8629	10	32	law	law	NOUN
cblr-8629	10	33	at	at	ADP
cblr-8629	10	34	the	the	DET
cblr-8629	10	35	university	university	PROPN
cblr-8629	10	36	of	of	ADP
cblr-8629	10	37	pennsylvania	pennsylvania	PROPN
cblr-8629	10	38	law	law	PROPN
cblr-8629	10	39	school	school	NOUN
cblr-8629	10	40	;	;	PUNCT
cblr-8629	10	41	panos	panos	PROPN
cblr-8629	10	42	n.	n.	PROPN
cblr-8629	10	43	patatoukas	patatoukas	PROPN
cblr-8629	10	44	is	be	AUX
cblr-8629	10	45	an	an	DET
cblr-8629	10	46	associate	associate	ADJ
cblr-8629	10	47	professor	professor	NOUN
cblr-8629	10	48	and	and	CCONJ
cblr-8629	10	49	the	the	DET
cblr-8629	10	50	l.	l.	PROPN
cblr-8629	10	51	h.	h.	PROPN
cblr-8629	10	52	penney	penney	PROPN
cblr-8629	10	53	chair	chair	PROPN
cblr-8629	10	54	in	in	ADP
cblr-8629	10	55	accounting	account	VERB
cblr-8629	10	56	at	at	ADP
cblr-8629	10	57	the	the	DET
cblr-8629	10	58	university	university	PROPN
cblr-8629	10	59	of	of	ADP
cblr-8629	10	60	california	california	PROPN
cblr-8629	10	61	berkeley	berkeley	PROPN
cblr-8629	10	62	,	,	PUNCT
cblr-8629	10	63	haas	haas	PROPN
cblr-8629	10	64	school	school	PROPN
cblr-8629	10	65	of	of	ADP
cblr-8629	10	66	business	business	NOUN
cblr-8629	10	67	;	;	PUNCT
cblr-8629	10	68	steven	steven	PROPN
cblr-8629	10	69	davidoff	davidoff	PROPN
cblr-8629	10	70	solomon	solomon	PROPN
cblr-8629	10	71	is	be	AUX
cblr-8629	10	72	professor	professor	NOUN
cblr-8629	10	73	of	of	ADP
cblr-8629	10	74	law	law	NOUN
cblr-8629	10	75	at	at	ADP
cblr-8629	10	76	the	the	DET
cblr-8629	10	77	university	university	PROPN
cblr-8629	10	78	of	of	ADP
cblr-8629	10	79	california	california	PROPN
cblr-8629	10	80	berkeley	berkeley	PROPN
cblr-8629	10	81	,	,	PUNCT
cblr-8629	10	82	school	school	NOUN
cblr-8629	10	83	of	of	ADP
cblr-8629	10	84	law	law	NOUN
cblr-8629	10	85	.	.	PUNCT
cblr-8629	11	1	ahn	ahn	PROPN
cblr-8629	11	2	et	et	PROPN
cblr-8629	11	3	al	al	PROPN
cblr-8629	11	4	.	.	PROPN
cblr-8629	12	1	8/20/2021	8/20/2021	NUM
cblr-8629	12	2	6:14	6:14	NUM
cblr-8629	12	3	pm	pm	NOUN
cblr-8629	12	4	no	no	NOUN
cblr-8629	12	5	.	.	PUNCT
cblr-8629	13	1	2:476	2:476	NUM
cblr-8629	13	2	]	]	X
cblr-8629	13	3	synthetic	synthetic	ADJ
cblr-8629	13	4	governance	governance	NOUN
cblr-8629	13	5	477	477	NUM
cblr-8629	13	6	evidence	evidence	NOUN
cblr-8629	13	7	on	on	ADP
cblr-8629	13	8	the	the	DET
cblr-8629	13	9	appropriate	appropriate	ADJ
cblr-8629	13	10	length	length	NOUN
cblr-8629	13	11	of	of	ADP
cblr-8629	13	12	a	a	DET
cblr-8629	13	13	time	time	NOUN
cblr-8629	13	14	-	-	PUNCT
cblr-8629	13	15	based	base	VERB
cblr-8629	13	16	sunset	sunset	NOUN
cblr-8629	13	17	provision	provision	NOUN
cblr-8629	13	18	.	.	PUNCT
cblr-8629	14	1	finally	finally	ADV
cblr-8629	14	2	,	,	PUNCT
cblr-8629	14	3	we	we	PRON
cblr-8629	14	4	expand	expand	VERB
cblr-8629	14	5	our	our	PRON
cblr-8629	14	6	analysis	analysis	NOUN
cblr-8629	14	7	of	of	ADP
cblr-8629	14	8	synthetic	synthetic	ADJ
cblr-8629	14	9	governance	governance	NOUN
cblr-8629	14	10	with	with	ADP
cblr-8629	14	11	a	a	DET
cblr-8629	14	12	second	second	ADJ
cblr-8629	14	13	index	index	NOUN
cblr-8629	14	14	—	—	PUNCT
cblr-8629	14	15	the	the	DET
cblr-8629	14	16	split	split	ADJ
cblr-8629	14	17	index	index	NOUN
cblr-8629	14	18	—	—	PUNCT
cblr-8629	14	19	which	which	PRON
cblr-8629	14	20	tests	test	VERB
cblr-8629	14	21	the	the	DET
cblr-8629	14	22	effect	effect	NOUN
cblr-8629	14	23	of	of	ADP
cblr-8629	14	24	separating	separate	VERB
cblr-8629	14	25	the	the	DET
cblr-8629	14	26	positions	position	NOUN
cblr-8629	14	27	of	of	ADP
cblr-8629	14	28	ceo	ceo	NOUN
cblr-8629	14	29	and	and	CCONJ
cblr-8629	14	30	chairman	chairman	NOUN
cblr-8629	14	31	of	of	ADP
cblr-8629	14	32	the	the	DET
cblr-8629	14	33	board	board	NOUN
cblr-8629	14	34	.	.	PUNCT
cblr-8629	15	1	we	we	PRON
cblr-8629	15	2	conclude	conclude	VERB
cblr-8629	15	3	that	that	SCONJ
cblr-8629	15	4	synthetic	synthetic	ADJ
cblr-8629	15	5	governance	governance	NOUN
cblr-8629	15	6	demonstrates	demonstrate	VERB
cblr-8629	15	7	the	the	DET
cblr-8629	15	8	ability	ability	NOUN
cblr-8629	15	9	of	of	ADP
cblr-8629	15	10	securities	security	NOUN
cblr-8629	15	11	market	market	NOUN
cblr-8629	15	12	innovation	innovation	NOUN
cblr-8629	15	13	to	to	PART
cblr-8629	15	14	discipline	discipline	VERB
cblr-8629	15	15	corporate	corporate	ADJ
cblr-8629	15	16	governance	governance	NOUN
cblr-8629	15	17	.	.	PUNCT
cblr-8629	16	1	i.	i.	PROPN
cblr-8629	16	2	introduction	introduction	NOUN
cblr-8629	16	3	...............................................................	...............................................................	PUNCT
cblr-8629	16	4	477	477	NUM
cblr-8629	16	5	ii	ii	NOUN
cblr-8629	16	6	.	.	PUNCT
cblr-8629	17	1	the	the	DET
cblr-8629	17	2	debate	debate	NOUN
cblr-8629	17	3	over	over	ADP
cblr-8629	17	4	corporate	corporate	ADJ
cblr-8629	17	5	governance	governance	NOUN
cblr-8629	17	6	...................	...................	PUNCT
cblr-8629	17	7	483	483	NUM
cblr-8629	17	8	iii	iii	NOUN
cblr-8629	17	9	.	.	PUNCT
cblr-8629	18	1	synthetic	synthetic	ADJ
cblr-8629	18	2	governance	governance	NOUN
cblr-8629	18	3	................................................	................................................	PUNCT
cblr-8629	18	4	489	489	NUM
cblr-8629	18	5	a.	a.	NOUN
cblr-8629	18	6	index	index	NOUN
cblr-8629	18	7	investing	invest	VERB
cblr-8629	18	8	....................................................	....................................................	PUNCT
cblr-8629	18	9	490	490	NUM
cblr-8629	18	10	b.	b.	X
cblr-8629	18	11	the	the	DET
cblr-8629	18	12	dual	dual	ADJ
cblr-8629	18	13	class	class	NOUN
cblr-8629	18	14	controversy	controversy	NOUN
cblr-8629	18	15	...............................	...............................	PUNCT
cblr-8629	19	1	499	499	NUM
cblr-8629	19	2	iv	iv	NOUN
cblr-8629	19	3	.	.	PUNCT
cblr-8629	20	1	the	the	DET
cblr-8629	20	2	dual	dual	ADJ
cblr-8629	20	3	index	index	NOUN
cblr-8629	20	4	—	—	PUNCT
cblr-8629	20	5	a	a	DET
cblr-8629	20	6	case	case	NOUN
cblr-8629	20	7	study	study	NOUN
cblr-8629	20	8	of	of	ADP
cblr-8629	20	9	synthetic	synthetic	ADJ
cblr-8629	20	10	governance	governance	NOUN
cblr-8629	20	11	.................................................................	.................................................................	PUNCT
cblr-8629	21	1	505	505	NUM
cblr-8629	21	2	a.	a.	NOUN
cblr-8629	21	3	dual	dual	PROPN
cblr-8629	21	4	index	index	NOUN
cblr-8629	21	5	construction	construction	NOUN
cblr-8629	21	6	.....................................	.....................................	PUNCT
cblr-8629	21	7	506	506	NUM
cblr-8629	21	8	b.	b.	NOUN
cblr-8629	21	9	dual	dual	ADJ
cblr-8629	21	10	index	index	NOUN
cblr-8629	21	11	characteristics	characteristic	NOUN
cblr-8629	21	12	.................................	.................................	PUNCT
cblr-8629	21	13	508	508	NUM
cblr-8629	21	14	c.	c.	NOUN
cblr-8629	21	15	back	back	NOUN
cblr-8629	21	16	-	-	PUNCT
cblr-8629	21	17	testing	testing	NOUN
cblr-8629	21	18	results	result	NOUN
cblr-8629	21	19	...........................................	...........................................	PUNCT
cblr-8629	21	20	511	511	NUM
cblr-8629	21	21	d.	d.	NOUN
cblr-8629	21	22	the	the	DET
cblr-8629	21	23	effect	effect	NOUN
cblr-8629	21	24	of	of	ADP
cblr-8629	21	25	sunset	sunset	NOUN
cblr-8629	21	26	lengths	length	NOUN
cblr-8629	21	27	..............................	..............................	PUNCT
cblr-8629	22	1	513	513	NUM
cblr-8629	22	2	v.	v.	ADP
cblr-8629	22	3	the	the	DET
cblr-8629	22	4	split	split	ADJ
cblr-8629	22	5	index	index	NOUN
cblr-8629	22	6	..........................................................	..........................................................	PUNCT
cblr-8629	22	7	515	515	NUM
cblr-8629	22	8	vi	vi	NOUN
cblr-8629	22	9	.	.	PUNCT
cblr-8629	22	10	implications	implication	NOUN
cblr-8629	22	11	...............................................................	...............................................................	PUNCT
cblr-8629	23	1	517	517	NUM
cblr-8629	23	2	vii	vii	PROPN
cblr-8629	23	3	.	.	PROPN
cblr-8629	23	4	conclusion	conclusion	NOUN
cblr-8629	23	5	..................................................................	..................................................................	PUNCT
cblr-8629	23	6	518	518	NUM
cblr-8629	23	7	i.	i.	NOUN
cblr-8629	23	8	introduction	introduction	NOUN
cblr-8629	23	9	the	the	DET
cblr-8629	23	10	relationship	relationship	NOUN
cblr-8629	23	11	between	between	ADP
cblr-8629	23	12	corporate	corporate	ADJ
cblr-8629	23	13	law	law	NOUN
cblr-8629	23	14	and	and	CCONJ
cblr-8629	23	15	securities	security	NOUN
cblr-8629	23	16	regulation	regulation	NOUN
cblr-8629	23	17	is	be	AUX
cblr-8629	23	18	complex.1	complex.1	PROPN
cblr-8629	23	19	when	when	SCONJ
cblr-8629	23	20	congress	congress	PROPN
cblr-8629	23	21	adopted	adopt	VERB
cblr-8629	23	22	the	the	DET
cblr-8629	23	23	federal	federal	ADJ
cblr-8629	23	24	securities	security	NOUN
cblr-8629	23	25	laws	law	NOUN
cblr-8629	23	26	,	,	PUNCT
cblr-8629	23	27	it	it	PRON
cblr-8629	23	28	consciously	consciously	ADV
cblr-8629	23	29	rejected	reject	VERB
cblr-8629	23	30	a	a	DET
cblr-8629	23	31	federal	federal	ADJ
cblr-8629	23	32	corporation	corporation	NOUN
cblr-8629	23	33	statute	statute	NOUN
cblr-8629	23	34	in	in	ADP
cblr-8629	23	35	favor	favor	NOUN
cblr-8629	23	36	of	of	ADP
cblr-8629	23	37	disclosure	disclosure	NOUN
cblr-8629	23	38	-	-	PUNCT
cblr-8629	23	39	based	base	VERB
cblr-8629	23	40	regulation	regulation	NOUN
cblr-8629	23	41	of	of	ADP
cblr-8629	23	42	the	the	DET
cblr-8629	23	43	capital	capital	NOUN
cblr-8629	23	44	markets	market	NOUN
cblr-8629	23	45	that	that	PRON
cblr-8629	23	46	would	would	AUX
cblr-8629	23	47	co	co	VERB
cblr-8629	23	48	-	-	VERB
cblr-8629	23	49	exist	exist	VERB
cblr-8629	23	50	with	with	ADP
cblr-8629	23	51	state	state	NOUN
cblr-8629	23	52	corporation	corporation	NOUN
cblr-8629	23	53	law.2	law.2	PROPN
cblr-8629	23	54	that	that	DET
cblr-8629	23	55	system	system	NOUN
cblr-8629	23	56	of	of	ADP
cblr-8629	23	57	dual	dual	ADJ
cblr-8629	23	58	sovereignty	sovereignty	NOUN
cblr-8629	23	59	remains	remain	VERB
cblr-8629	23	60	to	to	ADP
cblr-8629	23	61	the	the	DET
cblr-8629	23	62	present	present	ADJ
cblr-8629	23	63	day	day	NOUN
cblr-8629	23	64	.	.	PUNCT
cblr-8629	24	1	nonetheless	nonetheless	ADV
cblr-8629	24	2	,	,	PUNCT
cblr-8629	24	3	there	there	PRON
cblr-8629	24	4	is	be	VERB
cblr-8629	24	5	substantial	substantial	ADJ
cblr-8629	24	6	overlap	overlap	NOUN
cblr-8629	24	7	between	between	ADP
cblr-8629	24	8	the	the	DET
cblr-8629	24	9	two	two	NUM
cblr-8629	24	10	1	1	NUM
cblr-8629	24	11	see	see	NOUN
cblr-8629	24	12	,	,	PUNCT
cblr-8629	24	13	e.g.	e.g.	ADV
cblr-8629	24	14	,	,	PUNCT
cblr-8629	24	15	james	james	PROPN
cblr-8629	24	16	j.	j.	PROPN
cblr-8629	24	17	park	park	PROPN
cblr-8629	24	18	,	,	PUNCT
cblr-8629	24	19	reassessing	reassess	VERB
cblr-8629	24	20	the	the	DET
cblr-8629	24	21	distinction	distinction	NOUN
cblr-8629	24	22	between	between	ADP
cblr-8629	24	23	corporate	corporate	ADJ
cblr-8629	24	24	and	and	CCONJ
cblr-8629	24	25	securities	security	NOUN
cblr-8629	24	26	law	law	NOUN
cblr-8629	24	27	,	,	PUNCT
cblr-8629	24	28	64	64	NUM
cblr-8629	24	29	ucla	ucla	PROPN
cblr-8629	24	30	l.	l.	PROPN
cblr-8629	24	31	rev	rev	PROPN
cblr-8629	24	32	.	.	PROPN
cblr-8629	24	33	116	116	NUM
cblr-8629	24	34	,	,	PUNCT
cblr-8629	24	35	118	118	NUM
cblr-8629	24	36	*	*	NUM
cblr-8629	24	37	2017	2017	NUM
cblr-8629	24	38	)	)	PUNCT
cblr-8629	24	39	(	(	PUNCT
cblr-8629	24	40	“	"	PUNCT
cblr-8629	24	41	the	the	DET
cblr-8629	24	42	relationship	relationship	NOUN
cblr-8629	24	43	between	between	ADP
cblr-8629	24	44	corporate	corporate	ADJ
cblr-8629	24	45	and	and	CCONJ
cblr-8629	24	46	securities	security	NOUN
cblr-8629	24	47	law	law	NOUN
cblr-8629	24	48	has	have	AUX
cblr-8629	24	49	always	always	ADV
cblr-8629	24	50	been	be	AUX
cblr-8629	24	51	a	a	DET
cblr-8629	24	52	close	close	ADJ
cblr-8629	24	53	one	one	NUM
cblr-8629	24	54	[	[	NOUN
cblr-8629	24	55	.	.	X
cblr-8629	24	56	]	]	X
cblr-8629	24	57	”	"	PUNCT
cblr-8629	24	58	)	)	PUNCT
cblr-8629	24	59	.	.	PUNCT
cblr-8629	25	1	2	2	NUM
cblr-8629	25	2	see	see	VERB
cblr-8629	25	3	,	,	PUNCT
cblr-8629	25	4	e.g.	e.g.	ADV
cblr-8629	25	5	,	,	PUNCT
cblr-8629	25	6	manuel	manuel	PROPN
cblr-8629	25	7	f.	f.	PROPN
cblr-8629	25	8	cohen	cohen	PROPN
cblr-8629	25	9	,	,	PUNCT
cblr-8629	25	10	chairman	chairman	NOUN
cblr-8629	25	11	,	,	PUNCT
cblr-8629	25	12	u.s	u.s	PROPN
cblr-8629	25	13	.	.	PROPN
cblr-8629	25	14	sec	sec	PROPN
cblr-8629	25	15	.	.	PROPN
cblr-8629	25	16	&	&	CCONJ
cblr-8629	25	17	exch	exch	PROPN
cblr-8629	25	18	.	.	PUNCT
cblr-8629	26	1	comm’n	comm’n	PROPN
cblr-8629	26	2	,	,	PUNCT
cblr-8629	26	3	federal	federal	ADJ
cblr-8629	26	4	corporation	corporation	NOUN
cblr-8629	26	5	law	law	NOUN
cblr-8629	26	6	,	,	PUNCT
cblr-8629	26	7	in	in	ADP
cblr-8629	26	8	20	20	NUM
cblr-8629	26	9	j.	j.	PROPN
cblr-8629	26	10	legal	legal	ADJ
cblr-8629	26	11	educ	educ	NOUN
cblr-8629	26	12	.	.	PUNCT
cblr-8629	27	1	529	529	NUM
cblr-8629	27	2	,	,	PUNCT
cblr-8629	27	3	529	529	NUM
cblr-8629	27	4	(	(	PUNCT
cblr-8629	27	5	1968	1968	NUM
cblr-8629	27	6	)	)	PUNCT
cblr-8629	27	7	(	(	PUNCT
cblr-8629	27	8	“	"	PUNCT
cblr-8629	27	9	as	as	SCONJ
cblr-8629	27	10	you	you	PRON
cblr-8629	27	11	know	know	VERB
cblr-8629	27	12	,	,	PUNCT
cblr-8629	27	13	congress	congress	PROPN
cblr-8629	27	14	has	have	AUX
cblr-8629	27	15	consistently	consistently	ADV
cblr-8629	27	16	rejected	reject	VERB
cblr-8629	27	17	proposals	proposal	NOUN
cblr-8629	27	18	for	for	ADP
cblr-8629	27	19	a	a	DET
cblr-8629	27	20	general	general	ADJ
cblr-8629	27	21	federal	federal	ADJ
cblr-8629	27	22	corporation	corporation	NOUN
cblr-8629	27	23	statute	statute	PROPN
cblr-8629	27	24	.	.	PUNCT
cblr-8629	27	25	”	"	PUNCT
cblr-8629	27	26	)	)	PUNCT
cblr-8629	27	27	.	.	PUNCT
cblr-8629	28	1	ahn	ahn	PROPN
cblr-8629	28	2	et	et	PROPN
cblr-8629	28	3	al	al	PROPN
cblr-8629	28	4	.	.	PROPN
cblr-8629	29	1	8/20/2021	8/20/2021	NUM
cblr-8629	29	2	6:14	6:14	NUM
cblr-8629	29	3	pm	pm	PROPN
cblr-8629	29	4	478	478	NUM
cblr-8629	29	5	columbia	columbia	PROPN
cblr-8629	29	6	business	business	NOUN
cblr-8629	29	7	law	law	PROPN
cblr-8629	29	8	review	review	NOUN
cblr-8629	29	9	[	[	X
cblr-8629	29	10	vol	vol	NOUN
cblr-8629	29	11	.	.	NOUN
cblr-8629	29	12	2021	2021	NUM
cblr-8629	29	13	regulatory	regulatory	ADJ
cblr-8629	29	14	systems	system	NOUN
cblr-8629	29	15	.	.	PUNCT
cblr-8629	30	1	both	both	DET
cblr-8629	30	2	state	state	NOUN
cblr-8629	30	3	and	and	CCONJ
cblr-8629	30	4	federal	federal	ADJ
cblr-8629	30	5	law	law	NOUN
cblr-8629	30	6	regulate	regulate	VERB
cblr-8629	30	7	the	the	DET
cblr-8629	30	8	shareholder	shareholder	NOUN
cblr-8629	30	9	voting	vote	VERB
cblr-8629	30	10	process.3	process.3	PROPN
cblr-8629	30	11	federal	federal	ADJ
cblr-8629	30	12	securities	security	NOUN
cblr-8629	30	13	litigation	litigation	NOUN
cblr-8629	30	14	has	have	AUX
cblr-8629	30	15	been	be	AUX
cblr-8629	30	16	used	use	VERB
cblr-8629	30	17	as	as	ADP
cblr-8629	30	18	a	a	DET
cblr-8629	30	19	tool	tool	NOUN
cblr-8629	30	20	to	to	PART
cblr-8629	30	21	supplement	supplement	VERB
cblr-8629	30	22	limited	limited	ADJ
cblr-8629	30	23	state	state	NOUN
cblr-8629	30	24	law	law	NOUN
cblr-8629	30	25	remedies	remedy	NOUN
cblr-8629	30	26	for	for	ADP
cblr-8629	30	27	officer	officer	NOUN
cblr-8629	30	28	and	and	CCONJ
cblr-8629	30	29	director	director	NOUN
cblr-8629	30	30	misconduct.4	misconduct.4	PROPN
cblr-8629	30	31	and	and	CCONJ
cblr-8629	30	32	the	the	DET
cblr-8629	30	33	sarbanes	sarbanes	PROPN
cblr-8629	30	34	-	-	PUNCT
cblr-8629	30	35	oxley	oxley	ADJ
cblr-8629	30	36	act	act	NOUN
cblr-8629	30	37	of	of	ADP
cblr-8629	30	38	2002	2002	NUM
cblr-8629	30	39	expanded	expand	VERB
cblr-8629	30	40	federal	federal	ADJ
cblr-8629	30	41	regulation	regulation	NOUN
cblr-8629	30	42	to	to	ADP
cblr-8629	30	43	a	a	DET
cblr-8629	30	44	range	range	NOUN
cblr-8629	30	45	of	of	ADP
cblr-8629	30	46	corporate	corporate	ADJ
cblr-8629	30	47	governance	governance	NOUN
cblr-8629	30	48	practices.5	practices.5	ADP
cblr-8629	30	49	the	the	DET
cblr-8629	30	50	entangling	entangling	NOUN
cblr-8629	30	51	of	of	ADP
cblr-8629	30	52	state	state	NOUN
cblr-8629	30	53	and	and	CCONJ
cblr-8629	30	54	federal	federal	ADJ
cblr-8629	30	55	law	law	NOUN
cblr-8629	30	56	stems	stem	VERB
cblr-8629	30	57	,	,	PUNCT
cblr-8629	30	58	in	in	ADP
cblr-8629	30	59	part	part	NOUN
cblr-8629	30	60	,	,	PUNCT
cblr-8629	30	61	from	from	ADP
cblr-8629	30	62	the	the	DET
cblr-8629	30	63	fact	fact	NOUN
cblr-8629	30	64	that	that	SCONJ
cblr-8629	30	65	the	the	DET
cblr-8629	30	66	capital	capital	NOUN
cblr-8629	30	67	markets	market	NOUN
cblr-8629	30	68	serve	serve	VERB
cblr-8629	30	69	to	to	PART
cblr-8629	30	70	discipline	discipline	VERB
cblr-8629	30	71	corporate	corporate	ADJ
cblr-8629	30	72	behavior	behavior	NOUN
cblr-8629	30	73	.	.	PUNCT
cblr-8629	31	1	a	a	DET
cblr-8629	31	2	corporation	corporation	NOUN
cblr-8629	31	3	’s	’s	PART
cblr-8629	31	4	choice	choice	NOUN
cblr-8629	31	5	of	of	ADP
cblr-8629	31	6	its	its	PRON
cblr-8629	31	7	state	state	NOUN
cblr-8629	31	8	of	of	ADP
cblr-8629	31	9	incorporation	incorporation	NOUN
cblr-8629	31	10	and	and	CCONJ
cblr-8629	31	11	its	its	PRON
cblr-8629	31	12	governance	governance	NOUN
cblr-8629	31	13	structure	structure	NOUN
cblr-8629	31	14	,	,	PUNCT
cblr-8629	31	15	as	as	ADV
cblr-8629	31	16	well	well	ADV
cblr-8629	31	17	as	as	ADP
cblr-8629	31	18	the	the	DET
cblr-8629	31	19	quality	quality	NOUN
cblr-8629	31	20	of	of	ADP
cblr-8629	31	21	its	its	PRON
cblr-8629	31	22	management	management	NOUN
cblr-8629	31	23	and	and	CCONJ
cblr-8629	31	24	business	business	NOUN
cblr-8629	31	25	strategy	strategy	NOUN
cblr-8629	31	26	,	,	PUNCT
cblr-8629	31	27	are	be	AUX
cblr-8629	31	28	reflected	reflect	VERB
cblr-8629	31	29	in	in	ADP
cblr-8629	31	30	the	the	DET
cblr-8629	31	31	market	market	NOUN
cblr-8629	31	32	price	price	NOUN
cblr-8629	31	33	of	of	ADP
cblr-8629	31	34	its	its	PRON
cblr-8629	31	35	stock.6	stock.6	NOUN
cblr-8629	31	36	by	by	ADP
cblr-8629	31	37	promoting	promote	VERB
cblr-8629	31	38	transparent	transparent	ADJ
cblr-8629	31	39	and	and	CCONJ
cblr-8629	31	40	efficient	efficient	ADJ
cblr-8629	31	41	capital	capital	NOUN
cblr-8629	31	42	markets	market	NOUN
cblr-8629	31	43	,	,	PUNCT
cblr-8629	31	44	federal	federal	ADJ
cblr-8629	31	45	securities	security	NOUN
cblr-8629	31	46	regulation	regulation	NOUN
cblr-8629	31	47	thus	thus	ADV
cblr-8629	31	48	has	have	VERB
cblr-8629	31	49	the	the	DET
cblr-8629	31	50	potential	potential	NOUN
cblr-8629	31	51	to	to	PART
cblr-8629	31	52	increase	increase	VERB
cblr-8629	31	53	the	the	DET
cblr-8629	31	54	market	market	NOUN
cblr-8629	31	55	’s	’s	PART
cblr-8629	31	56	ability	ability	NOUN
cblr-8629	31	57	to	to	PART
cblr-8629	31	58	promote	promote	VERB
cblr-8629	31	59	economically	economically	ADV
cblr-8629	31	60	beneficial	beneficial	ADJ
cblr-8629	31	61	corporate	corporate	ADJ
cblr-8629	31	62	law	law	NOUN
cblr-8629	31	63	and	and	CCONJ
cblr-8629	31	64	governance	governance	NOUN
cblr-8629	31	65	.	.	PUNCT
cblr-8629	32	1	capital	capital	NOUN
cblr-8629	32	2	market	market	NOUN
cblr-8629	32	3	innovation	innovation	NOUN
cblr-8629	32	4	can	can	AUX
cblr-8629	32	5	enhance	enhance	VERB
cblr-8629	32	6	this	this	DET
cblr-8629	32	7	process	process	NOUN
cblr-8629	32	8	.	.	PUNCT
cblr-8629	33	1	today	today	NOUN
cblr-8629	33	2	’s	’s	PART
cblr-8629	33	3	capital	capital	NOUN
cblr-8629	33	4	markets	market	NOUN
cblr-8629	33	5	do	do	AUX
cblr-8629	33	6	not	not	PART
cblr-8629	33	7	limit	limit	VERB
cblr-8629	33	8	investors	investor	NOUN
cblr-8629	33	9	to	to	ADP
cblr-8629	33	10	purchasing	purchase	VERB
cblr-8629	33	11	traditional	traditional	ADJ
cblr-8629	33	12	stocks	stock	NOUN
cblr-8629	33	13	and	and	CCONJ
cblr-8629	33	14	bonds	bond	NOUN
cblr-8629	33	15	.	.	PUNCT
cblr-8629	34	1	new	new	ADJ
cblr-8629	34	2	investment	investment	NOUN
cblr-8629	34	3	products	product	NOUN
cblr-8629	34	4	abound	abound	VERB
cblr-8629	34	5	—	—	PUNCT
cblr-8629	34	6	from	from	ADP
cblr-8629	34	7	stock	stock	NOUN
cblr-8629	34	8	slices	slice	NOUN
cblr-8629	34	9	,	,	PUNCT
cblr-8629	34	10	to	to	ADP
cblr-8629	34	11	indexed	index	VERB
cblr-8629	34	12	etfs	etfs	NOUN
cblr-8629	34	13	,	,	PUNCT
cblr-8629	34	14	to	to	ADP
cblr-8629	34	15	spacs	spac	NOUN
cblr-8629	34	16	.	.	PUNCT
cblr-8629	35	1	these	these	DET
cblr-8629	35	2	products	product	NOUN
cblr-8629	35	3	allow	allow	VERB
cblr-8629	35	4	investors	investor	NOUN
cblr-8629	35	5	to	to	PART
cblr-8629	35	6	invest	invest	VERB
cblr-8629	35	7	in	in	ADP
cblr-8629	35	8	a	a	DET
cblr-8629	35	9	broad	broad	ADJ
cblr-8629	35	10	range	range	NOUN
cblr-8629	35	11	of	of	ADP
cblr-8629	35	12	businesses	business	NOUN
cblr-8629	35	13	,	,	PUNCT
cblr-8629	35	14	frequently	frequently	ADV
cblr-8629	35	15	at	at	ADP
cblr-8629	35	16	low	low	ADJ
cblr-8629	35	17	transaction	transaction	NOUN
cblr-8629	35	18	costs	cost	NOUN
cblr-8629	35	19	made	make	VERB
cblr-8629	35	20	possible	possible	ADJ
cblr-8629	35	21	through	through	ADP
cblr-8629	35	22	automation	automation	NOUN
cblr-8629	35	23	and	and	CCONJ
cblr-8629	35	24	scale	scale	NOUN
cblr-8629	35	25	.	.	PUNCT
cblr-8629	36	1	they	they	PRON
cblr-8629	36	2	also	also	ADV
cblr-8629	36	3	allow	allow	VERB
cblr-8629	36	4	investors	investor	NOUN
cblr-8629	36	5	to	to	PART
cblr-8629	36	6	increase	increase	VERB
cblr-8629	36	7	their	their	PRON
cblr-8629	36	8	diversification	diversification	NOUN
cblr-8629	36	9	as	as	ADV
cblr-8629	36	10	well	well	ADV
cblr-8629	36	11	as	as	ADP
cblr-8629	36	12	invest	invest	VERB
cblr-8629	36	13	in	in	ADP
cblr-8629	36	14	a	a	DET
cblr-8629	36	15	more	more	ADV
cblr-8629	36	16	directed	direct	VERB
cblr-8629	36	17	manner	manner	NOUN
cblr-8629	36	18	.	.	PUNCT
cblr-8629	37	1	these	these	DET
cblr-8629	37	2	innovative	innovative	ADJ
cblr-8629	37	3	products	product	NOUN
cblr-8629	37	4	can	can	AUX
cblr-8629	37	5	spur	spur	VERB
cblr-8629	37	6	3	3	NUM
cblr-8629	37	7	see	see	NOUN
cblr-8629	37	8	,	,	PUNCT
cblr-8629	37	9	e.g.	e.g.	ADV
cblr-8629	37	10	,	,	PUNCT
cblr-8629	37	11	jill	jill	PROPN
cblr-8629	37	12	e.	e.	PROPN
cblr-8629	37	13	fisch	fisch	PROPN
cblr-8629	37	14	,	,	PUNCT
cblr-8629	37	15	from	from	ADP
cblr-8629	37	16	legitimacy	legitimacy	NOUN
cblr-8629	37	17	to	to	ADP
cblr-8629	37	18	logic	logic	NOUN
cblr-8629	37	19	:	:	PUNCT
cblr-8629	37	20	reconstructing	reconstruct	VERB
cblr-8629	37	21	proxy	proxy	ADJ
cblr-8629	37	22	regulation	regulation	NOUN
cblr-8629	37	23	,	,	PUNCT
cblr-8629	37	24	46	46	NUM
cblr-8629	37	25	vand	vand	NOUN
cblr-8629	37	26	.	.	PUNCT
cblr-8629	38	1	l.	l.	PROPN
cblr-8629	38	2	rev	rev	PROPN
cblr-8629	38	3	.	.	PROPN
cblr-8629	38	4	1129	1129	NUM
cblr-8629	38	5	,	,	PUNCT
cblr-8629	38	6	1132	1132	NUM
cblr-8629	38	7	(	(	PUNCT
cblr-8629	38	8	1993	1993	NUM
cblr-8629	38	9	)	)	PUNCT
cblr-8629	38	10	(	(	PUNCT
cblr-8629	38	11	describing	describe	VERB
cblr-8629	38	12	“	"	PUNCT
cblr-8629	38	13	the	the	DET
cblr-8629	38	14	dual	dual	ADJ
cblr-8629	38	15	system	system	NOUN
cblr-8629	38	16	under	under	ADP
cblr-8629	38	17	which	which	PRON
cblr-8629	38	18	shareholder	shareholder	NOUN
cblr-8629	38	19	voting	voting	NOUN
cblr-8629	38	20	is	be	AUX
cblr-8629	38	21	regulated	regulate	VERB
cblr-8629	38	22	,	,	PUNCT
cblr-8629	38	23	which	which	PRON
cblr-8629	38	24	includes	include	VERB
cblr-8629	38	25	both	both	CCONJ
cblr-8629	38	26	the	the	DET
cblr-8629	38	27	federal	federal	ADJ
cblr-8629	38	28	proxy	proxy	NOUN
cblr-8629	38	29	rules	rule	NOUN
cblr-8629	38	30	and	and	CCONJ
cblr-8629	38	31	state	state	NOUN
cblr-8629	38	32	corporation	corporation	NOUN
cblr-8629	38	33	law	law	NOUN
cblr-8629	38	34	”	"	PUNCT
cblr-8629	38	35	)	)	PUNCT
cblr-8629	38	36	.	.	PUNCT
cblr-8629	39	1	4	4	NUM
cblr-8629	39	2	see	see	VERB
cblr-8629	39	3	,	,	PUNCT
cblr-8629	39	4	e.g.	e.g.	ADV
cblr-8629	39	5	,	,	PUNCT
cblr-8629	39	6	robert	robert	PROPN
cblr-8629	39	7	b.	b.	PROPN
cblr-8629	39	8	thompson	thompson	PROPN
cblr-8629	39	9	&	&	CCONJ
cblr-8629	39	10	hillary	hillary	PROPN
cblr-8629	39	11	a.	a.	PROPN
cblr-8629	39	12	sale	sale	PROPN
cblr-8629	39	13	,	,	PUNCT
cblr-8629	39	14	securities	security	NOUN
cblr-8629	39	15	fraud	fraud	NOUN
cblr-8629	39	16	as	as	ADP
cblr-8629	39	17	corporate	corporate	ADJ
cblr-8629	39	18	governance	governance	NOUN
cblr-8629	39	19	:	:	PUNCT
cblr-8629	39	20	reflections	reflection	NOUN
cblr-8629	39	21	upon	upon	SCONJ
cblr-8629	39	22	federalism	federalism	NOUN
cblr-8629	39	23	,	,	PUNCT
cblr-8629	39	24	56	56	NUM
cblr-8629	39	25	vand	vand	NOUN
cblr-8629	39	26	.	.	PUNCT
cblr-8629	40	1	l.	l.	PROPN
cblr-8629	40	2	rev	rev	PROPN
cblr-8629	40	3	.	.	PROPN
cblr-8629	40	4	859	859	NUM
cblr-8629	40	5	,	,	PUNCT
cblr-8629	40	6	863	863	NUM
cblr-8629	40	7	(	(	PUNCT
cblr-8629	40	8	2003	2003	NUM
cblr-8629	40	9	)	)	PUNCT
cblr-8629	40	10	(	(	PUNCT
cblr-8629	40	11	demonstrating	demonstrate	VERB
cblr-8629	40	12	empirically	empirically	ADV
cblr-8629	40	13	that	that	SCONJ
cblr-8629	40	14	“	"	PUNCT
cblr-8629	40	15	federal	federal	ADJ
cblr-8629	40	16	securities	security	NOUN
cblr-8629	40	17	fraud	fraud	PROPN
cblr-8629	40	18	litigation	litigation	PROPN
cblr-8629	40	19	operates	operate	VERB
cblr-8629	40	20	much	much	ADV
cblr-8629	40	21	like	like	ADP
cblr-8629	40	22	state	state	NOUN
cblr-8629	40	23	fiduciary	fiduciary	ADJ
cblr-8629	40	24	duty	duty	NOUN
cblr-8629	40	25	litigation	litigation	NOUN
cblr-8629	40	26	in	in	ADP
cblr-8629	40	27	policing	police	VERB
cblr-8629	40	28	corporate	corporate	ADJ
cblr-8629	40	29	governance	governance	NOUN
cblr-8629	40	30	”	"	PUNCT
cblr-8629	40	31	)	)	PUNCT
cblr-8629	40	32	.	.	PUNCT
cblr-8629	41	1	5	5	NUM
cblr-8629	41	2	roberta	roberta	PROPN
cblr-8629	41	3	romano	romano	NOUN
cblr-8629	41	4	,	,	PUNCT
cblr-8629	41	5	the	the	DET
cblr-8629	41	6	sarbanes	sarbanes	PROPN
cblr-8629	41	7	-	-	PUNCT
cblr-8629	41	8	oxley	oxley	ADJ
cblr-8629	41	9	act	act	NOUN
cblr-8629	41	10	and	and	CCONJ
cblr-8629	41	11	the	the	DET
cblr-8629	41	12	making	making	NOUN
cblr-8629	41	13	of	of	ADP
cblr-8629	41	14	quack	quack	ADJ
cblr-8629	41	15	corporate	corporate	ADJ
cblr-8629	41	16	governance	governance	NOUN
cblr-8629	41	17	,	,	PUNCT
cblr-8629	41	18	114	114	NUM
cblr-8629	41	19	yale	yale	PROPN
cblr-8629	41	20	l.j	l.j	PROPN
cblr-8629	41	21	.	.	PROPN
cblr-8629	41	22	1521	1521	NUM
cblr-8629	41	23	,	,	PUNCT
cblr-8629	41	24	1523	1523	NUM
cblr-8629	41	25	(	(	PUNCT
cblr-8629	41	26	2005	2005	NUM
cblr-8629	41	27	)	)	PUNCT
cblr-8629	41	28	(	(	PUNCT
cblr-8629	41	29	describing	describe	VERB
cblr-8629	41	30	congress	congress	PROPN
cblr-8629	41	31	as	as	ADP
cblr-8629	41	32	introducing	introduce	VERB
cblr-8629	41	33	through	through	ADP
cblr-8629	41	34	the	the	DET
cblr-8629	41	35	sarbanes	sarbanes	PROPN
cblr-8629	41	36	-	-	PUNCT
cblr-8629	41	37	oxley	oxley	ADJ
cblr-8629	41	38	act	act	NOUN
cblr-8629	41	39	“	"	PUNCT
cblr-8629	41	40	a	a	DET
cblr-8629	41	41	series	series	NOUN
cblr-8629	41	42	of	of	ADP
cblr-8629	41	43	corporate	corporate	ADJ
cblr-8629	41	44	governance	governance	NOUN
cblr-8629	41	45	initiatives	initiative	NOUN
cblr-8629	41	46	into	into	ADP
cblr-8629	41	47	the	the	DET
cblr-8629	41	48	federal	federal	ADJ
cblr-8629	41	49	securities	security	NOUN
cblr-8629	41	50	laws	law	NOUN
cblr-8629	41	51	”	"	PUNCT
cblr-8629	41	52	)	)	PUNCT
cblr-8629	41	53	.	.	PUNCT
cblr-8629	42	1	6	6	NUM
cblr-8629	42	2	see	see	VERB
cblr-8629	42	3	ralph	ralph	PROPN
cblr-8629	42	4	k.	k.	PROPN
cblr-8629	42	5	winter	winter	PROPN
cblr-8629	42	6	,	,	PUNCT
cblr-8629	42	7	jr	jr	PROPN
cblr-8629	42	8	.	.	PROPN
cblr-8629	42	9	,	,	PUNCT
cblr-8629	42	10	the	the	DET
cblr-8629	42	11	development	development	NOUN
cblr-8629	42	12	of	of	ADP
cblr-8629	42	13	the	the	DET
cblr-8629	42	14	law	law	NOUN
cblr-8629	42	15	of	of	ADP
cblr-8629	42	16	corporate	corporate	ADJ
cblr-8629	42	17	governance	governance	NOUN
cblr-8629	42	18	,	,	PUNCT
cblr-8629	42	19	9	9	NUM
cblr-8629	42	20	del	del	PROPN
cblr-8629	42	21	j.	j.	PROPN
cblr-8629	42	22	corp	corp	PROPN
cblr-8629	42	23	.	.	PROPN
cblr-8629	42	24	l.	l.	PROPN
cblr-8629	42	25	524	524	NUM
cblr-8629	42	26	,	,	PUNCT
cblr-8629	42	27	527–28	527–28	NOUN
cblr-8629	42	28	(	(	PUNCT
cblr-8629	42	29	1984	1984	NUM
cblr-8629	42	30	)	)	PUNCT
cblr-8629	42	31	.	.	PUNCT
cblr-8629	43	1	ahn	ahn	PROPN
cblr-8629	43	2	et	et	PROPN
cblr-8629	43	3	al	al	PROPN
cblr-8629	43	4	.	.	PROPN
cblr-8629	44	1	8/20/2021	8/20/2021	NUM
cblr-8629	44	2	6:14	6:14	NUM
cblr-8629	44	3	pm	pm	NOUN
cblr-8629	44	4	no	no	NOUN
cblr-8629	44	5	.	.	PUNCT
cblr-8629	45	1	2:476	2:476	NUM
cblr-8629	45	2	]	]	X
cblr-8629	45	3	synthetic	synthetic	ADJ
cblr-8629	45	4	governance	governance	NOUN
cblr-8629	45	5	479	479	NUM
cblr-8629	45	6	companies	company	NOUN
cblr-8629	45	7	to	to	PART
cblr-8629	45	8	adopt	adopt	VERB
cblr-8629	45	9	more	more	ADV
cblr-8629	45	10	economically	economically	ADV
cblr-8629	45	11	beneficial	beneficial	ADJ
cblr-8629	45	12	characteristics	characteristic	NOUN
cblr-8629	45	13	.	.	PUNCT
cblr-8629	46	1	we	we	PRON
cblr-8629	46	2	introduce	introduce	VERB
cblr-8629	46	3	one	one	NUM
cblr-8629	46	4	such	such	ADJ
cblr-8629	46	5	product	product	NOUN
cblr-8629	46	6	here	here	ADV
cblr-8629	46	7	that	that	PRON
cblr-8629	46	8	highlights	highlight	VERB
cblr-8629	46	9	the	the	DET
cblr-8629	46	10	potential	potential	NOUN
cblr-8629	46	11	of	of	ADP
cblr-8629	46	12	the	the	DET
cblr-8629	46	13	new	new	ADJ
cblr-8629	46	14	securities	security	NOUN
cblr-8629	46	15	market	market	NOUN
cblr-8629	46	16	:	:	PUNCT
cblr-8629	46	17	the	the	DET
cblr-8629	46	18	bespoke	bespoke	NOUN
cblr-8629	46	19	governance	governance	NOUN
cblr-8629	46	20	index	index	NOUN
cblr-8629	46	21	fund	fund	NOUN
cblr-8629	46	22	.	.	PUNCT
cblr-8629	47	1	advances	advance	NOUN
cblr-8629	47	2	in	in	ADP
cblr-8629	47	3	the	the	DET
cblr-8629	47	4	structure	structure	NOUN
cblr-8629	47	5	and	and	CCONJ
cblr-8629	47	6	scope	scope	NOUN
cblr-8629	47	7	of	of	ADP
cblr-8629	47	8	our	our	PRON
cblr-8629	47	9	capital	capital	NOUN
cblr-8629	47	10	markets	market	NOUN
cblr-8629	47	11	now	now	ADV
cblr-8629	47	12	allow	allow	VERB
cblr-8629	47	13	investors	investor	NOUN
cblr-8629	47	14	to	to	PART
cblr-8629	47	15	select	select	VERB
cblr-8629	47	16	into	into	ADP
cblr-8629	47	17	investment	investment	NOUN
cblr-8629	47	18	products	product	NOUN
cblr-8629	47	19	that	that	PRON
cblr-8629	47	20	implement	implement	VERB
cblr-8629	47	21	their	their	PRON
cblr-8629	47	22	governance	governance	NOUN
cblr-8629	47	23	preferences	preference	NOUN
cblr-8629	47	24	.	.	PUNCT
cblr-8629	48	1	we	we	PRON
cblr-8629	48	2	term	term	VERB
cblr-8629	48	3	this	this	DET
cblr-8629	48	4	approach	approach	NOUN
cblr-8629	48	5	“	"	PUNCT
cblr-8629	48	6	synthetic	synthetic	ADJ
cblr-8629	48	7	governance	governance	NOUN
cblr-8629	48	8	.	.	PUNCT
cblr-8629	48	9	”	"	PUNCT
cblr-8629	49	1	more	more	ADV
cblr-8629	49	2	specifically	specifically	ADV
cblr-8629	49	3	,	,	PUNCT
cblr-8629	49	4	we	we	PRON
cblr-8629	49	5	argue	argue	VERB
cblr-8629	49	6	that	that	SCONJ
cblr-8629	49	7	investors	investor	NOUN
cblr-8629	49	8	can	can	AUX
cblr-8629	49	9	use	use	VERB
cblr-8629	49	10	index	index	NOUN
cblr-8629	49	11	funds	fund	NOUN
cblr-8629	49	12	to	to	PART
cblr-8629	49	13	structure	structure	VERB
cblr-8629	49	14	their	their	PRON
cblr-8629	49	15	investment	investment	NOUN
cblr-8629	49	16	decisions	decision	NOUN
cblr-8629	49	17	based	base	VERB
cblr-8629	49	18	on	on	ADP
cblr-8629	49	19	their	their	PRON
cblr-8629	49	20	assessments	assessment	NOUN
cblr-8629	49	21	as	as	ADP
cblr-8629	49	22	to	to	ADP
cblr-8629	49	23	which	which	PRON
cblr-8629	49	24	corporate	corporate	ADJ
cblr-8629	49	25	governance	governance	NOUN
cblr-8629	49	26	structures	structure	NOUN
cblr-8629	49	27	can	can	AUX
cblr-8629	49	28	(	(	PUNCT
cblr-8629	49	29	and	and	CCONJ
cblr-8629	49	30	can	can	AUX
cblr-8629	49	31	not	not	PART
cblr-8629	49	32	)	)	PUNCT
cblr-8629	49	33	create	create	VERB
cblr-8629	49	34	economic	economic	ADJ
cblr-8629	49	35	value.7	value.7	NOUN
cblr-8629	49	36	such	such	ADJ
cblr-8629	49	37	funds	fund	NOUN
cblr-8629	49	38	provide	provide	VERB
cblr-8629	49	39	market	market	NOUN
cblr-8629	49	40	-	-	PUNCT
cblr-8629	49	41	based	base	VERB
cblr-8629	49	42	mechanisms	mechanism	NOUN
cblr-8629	49	43	for	for	ADP
cblr-8629	49	44	evaluating	evaluate	VERB
cblr-8629	49	45	the	the	DET
cblr-8629	49	46	relationship	relationship	NOUN
cblr-8629	49	47	between	between	ADP
cblr-8629	49	48	corporate	corporate	ADJ
cblr-8629	49	49	governance	governance	NOUN
cblr-8629	49	50	and	and	CCONJ
cblr-8629	49	51	economic	economic	ADJ
cblr-8629	49	52	value	value	NOUN
cblr-8629	49	53	—	—	PUNCT
cblr-8629	49	54	a	a	DET
cblr-8629	49	55	relationship	relationship	NOUN
cblr-8629	49	56	that	that	PRON
cblr-8629	49	57	is	be	AUX
cblr-8629	49	58	,	,	PUNCT
cblr-8629	49	59	in	in	ADP
cblr-8629	49	60	many	many	ADJ
cblr-8629	49	61	areas	area	NOUN
cblr-8629	49	62	,	,	PUNCT
cblr-8629	49	63	hotly	hotly	ADV
cblr-8629	49	64	contested	contest	VERB
cblr-8629	49	65	.	.	PUNCT
cblr-8629	50	1	in	in	ADP
cblr-8629	50	2	short	short	ADJ
cblr-8629	50	3	,	,	PUNCT
cblr-8629	50	4	synthetic	synthetic	ADJ
cblr-8629	50	5	governance	governance	NOUN
cblr-8629	50	6	provides	provide	VERB
cblr-8629	50	7	a	a	DET
cblr-8629	50	8	new	new	ADJ
cblr-8629	50	9	tool	tool	NOUN
cblr-8629	50	10	by	by	ADP
cblr-8629	50	11	which	which	PRON
cblr-8629	50	12	the	the	DET
cblr-8629	50	13	capital	capital	NOUN
cblr-8629	50	14	markets	market	NOUN
cblr-8629	50	15	can	can	AUX
cblr-8629	50	16	discipline	discipline	VERB
cblr-8629	50	17	corporate	corporate	ADJ
cblr-8629	50	18	governance	governance	NOUN
cblr-8629	50	19	.	.	PUNCT
cblr-8629	51	1	in	in	ADP
cblr-8629	51	2	this	this	DET
cblr-8629	51	3	article	article	NOUN
cblr-8629	51	4	we	we	PRON
cblr-8629	51	5	develop	develop	VERB
cblr-8629	51	6	the	the	DET
cblr-8629	51	7	concept	concept	NOUN
cblr-8629	51	8	of	of	ADP
cblr-8629	51	9	synthetic	synthetic	ADJ
cblr-8629	51	10	governance	governance	NOUN
cblr-8629	51	11	.	.	PUNCT
cblr-8629	52	1	we	we	PRON
cblr-8629	52	2	explain	explain	VERB
cblr-8629	52	3	that	that	SCONJ
cblr-8629	52	4	existing	exist	VERB
cblr-8629	52	5	securities	security	NOUN
cblr-8629	52	6	regulation	regulation	NOUN
cblr-8629	52	7	has	have	AUX
cblr-8629	52	8	facilitated	facilitate	VERB
cblr-8629	52	9	the	the	DET
cblr-8629	52	10	growth	growth	NOUN
cblr-8629	52	11	of	of	ADP
cblr-8629	52	12	index	index	NOUN
cblr-8629	52	13	investing	invest	VERB
cblr-8629	52	14	as	as	ADP
cblr-8629	52	15	a	a	DET
cblr-8629	52	16	strategy	strategy	NOUN
cblr-8629	52	17	for	for	ADP
cblr-8629	52	18	enabling	enable	VERB
cblr-8629	52	19	investors	investor	NOUN
cblr-8629	52	20	to	to	PART
cblr-8629	52	21	obtain	obtain	VERB
cblr-8629	52	22	a	a	DET
cblr-8629	52	23	diversified	diversified	ADJ
cblr-8629	52	24	portfolio	portfolio	NOUN
cblr-8629	52	25	at	at	ADP
cblr-8629	52	26	a	a	DET
cblr-8629	52	27	relatively	relatively	ADV
cblr-8629	52	28	low	low	ADJ
cblr-8629	52	29	cost	cost	NOUN
cblr-8629	52	30	.	.	PUNCT
cblr-8629	53	1	these	these	DET
cblr-8629	53	2	features	feature	NOUN
cblr-8629	53	3	,	,	PUNCT
cblr-8629	53	4	as	as	ADV
cblr-8629	53	5	well	well	ADV
cblr-8629	53	6	as	as	ADP
cblr-8629	53	7	economies	economy	NOUN
cblr-8629	53	8	of	of	ADP
cblr-8629	53	9	scale	scale	NOUN
cblr-8629	53	10	,	,	PUNCT
cblr-8629	53	11	have	have	AUX
cblr-8629	53	12	led	lead	VERB
cblr-8629	53	13	to	to	ADP
cblr-8629	53	14	substantial	substantial	ADJ
cblr-8629	53	15	inflows	inflow	NOUN
cblr-8629	53	16	into	into	ADP
cblr-8629	53	17	index	index	NOUN
cblr-8629	53	18	funds.8	funds.8	PROPN
cblr-8629	53	19	although	although	SCONJ
cblr-8629	53	20	the	the	DET
cblr-8629	53	21	initial	initial	ADJ
cblr-8629	53	22	index	index	NOUN
cblr-8629	53	23	funds	fund	NOUN
cblr-8629	53	24	were	be	AUX
cblr-8629	53	25	based	base	VERB
cblr-8629	53	26	on	on	ADP
cblr-8629	53	27	broad	broad	ADJ
cblr-8629	53	28	market	market	NOUN
cblr-8629	53	29	indexes	index	NOUN
cblr-8629	53	30	such	such	ADJ
cblr-8629	53	31	as	as	ADP
cblr-8629	53	32	the	the	DET
cblr-8629	53	33	s&p	s&p	PROPN
cblr-8629	53	34	500	500	NUM
cblr-8629	53	35	,	,	PUNCT
cblr-8629	53	36	index	index	NOUN
cblr-8629	53	37	investing	investing	NOUN
cblr-8629	53	38	can	can	AUX
cblr-8629	53	39	be	be	AUX
cblr-8629	53	40	used	use	VERB
cblr-8629	53	41	to	to	PART
cblr-8629	53	42	implement	implement	VERB
cblr-8629	53	43	any	any	DET
cblr-8629	53	44	rules	rule	NOUN
cblr-8629	53	45	-	-	PUNCT
cblr-8629	53	46	based	base	VERB
cblr-8629	53	47	approach	approach	NOUN
cblr-8629	53	48	to	to	ADP
cblr-8629	53	49	investment	investment	NOUN
cblr-8629	53	50	selection	selection	NOUN
cblr-8629	53	51	and	and	CCONJ
cblr-8629	53	52	portfolio	portfolio	NOUN
cblr-8629	53	53	composition.9	composition.9	PROPN
cblr-8629	53	54	consequently	consequently	ADV
cblr-8629	53	55	,	,	PUNCT
cblr-8629	53	56	index	index	NOUN
cblr-8629	53	57	fund	fund	NOUN
cblr-8629	53	58	7	7	NUM
cblr-8629	53	59	index	index	NOUN
cblr-8629	53	60	funds	fund	NOUN
cblr-8629	53	61	do	do	AUX
cblr-8629	53	62	not	not	PART
cblr-8629	53	63	make	make	VERB
cblr-8629	53	64	information	information	NOUN
cblr-8629	53	65	-	-	PUNCT
cblr-8629	53	66	based	base	VERB
cblr-8629	53	67	trading	trading	NOUN
cblr-8629	53	68	decisions	decision	NOUN
cblr-8629	53	69	and	and	CCONJ
cblr-8629	53	70	instead	instead	ADV
cblr-8629	53	71	hold	hold	VERB
cblr-8629	53	72	securities	security	NOUN
cblr-8629	53	73	based	base	VERB
cblr-8629	53	74	on	on	ADP
cblr-8629	53	75	their	their	PRON
cblr-8629	53	76	inclusion	inclusion	NOUN
cblr-8629	53	77	in	in	ADP
cblr-8629	53	78	a	a	DET
cblr-8629	53	79	designated	designate	VERB
cblr-8629	53	80	index	index	NOUN
cblr-8629	53	81	.	.	PUNCT
cblr-8629	54	1	see	see	VERB
cblr-8629	54	2	jill	jill	PROPN
cblr-8629	54	3	fisch	fisch	PROPN
cblr-8629	54	4	,	,	PUNCT
cblr-8629	54	5	assaf	assaf	PROPN
cblr-8629	54	6	hamdani	hamdani	PROPN
cblr-8629	54	7	&	&	CCONJ
cblr-8629	54	8	steven	steven	PROPN
cblr-8629	54	9	davidoff	davidoff	PROPN
cblr-8629	54	10	solomon	solomon	PROPN
cblr-8629	54	11	,	,	PUNCT
cblr-8629	54	12	the	the	DET
cblr-8629	54	13	new	new	ADJ
cblr-8629	54	14	titans	titan	NOUN
cblr-8629	54	15	of	of	ADP
cblr-8629	54	16	wall	wall	PROPN
cblr-8629	54	17	street	street	PROPN
cblr-8629	54	18	:	:	PUNCT
cblr-8629	54	19	a	a	DET
cblr-8629	54	20	theoretical	theoretical	ADJ
cblr-8629	54	21	framework	framework	NOUN
cblr-8629	54	22	for	for	ADP
cblr-8629	54	23	passive	passive	ADJ
cblr-8629	54	24	investors	investor	NOUN
cblr-8629	54	25	,	,	PUNCT
cblr-8629	54	26	168	168	NUM
cblr-8629	54	27	u.	u.	NOUN
cblr-8629	54	28	pa	pa	PROPN
cblr-8629	54	29	.	.	PUNCT
cblr-8629	54	30	l.	l.	PROPN
cblr-8629	54	31	rev	rev	PROPN
cblr-8629	54	32	.	.	PROPN
cblr-8629	54	33	17	17	NUM
cblr-8629	54	34	,	,	PUNCT
cblr-8629	54	35	19	19	NUM
cblr-8629	54	36	(	(	PUNCT
cblr-8629	54	37	2019	2019	NUM
cblr-8629	54	38	)	)	PUNCT
cblr-8629	54	39	(	(	PUNCT
cblr-8629	54	40	describing	describe	VERB
cblr-8629	54	41	index	index	NOUN
cblr-8629	54	42	investing	investing	NOUN
cblr-8629	54	43	)	)	PUNCT
cblr-8629	54	44	.	.	PUNCT
cblr-8629	55	1	we	we	PRON
cblr-8629	55	2	use	use	VERB
cblr-8629	55	3	the	the	DET
cblr-8629	55	4	term	term	NOUN
cblr-8629	55	5	“	"	PUNCT
cblr-8629	55	6	index	index	NOUN
cblr-8629	55	7	fund	fund	NOUN
cblr-8629	55	8	”	"	PUNCT
cblr-8629	55	9	here	here	ADV
cblr-8629	55	10	to	to	PART
cblr-8629	55	11	include	include	VERB
cblr-8629	55	12	both	both	DET
cblr-8629	55	13	indexed	index	VERB
cblr-8629	55	14	mutual	mutual	ADJ
cblr-8629	55	15	funds	fund	NOUN
cblr-8629	55	16	and	and	CCONJ
cblr-8629	55	17	exchange	exchange	NOUN
cblr-8629	55	18	-	-	PUNCT
cblr-8629	55	19	traded	trade	VERB
cblr-8629	55	20	funds	fund	NOUN
cblr-8629	55	21	(	(	PUNCT
cblr-8629	55	22	etfs	etfs	PROPN
cblr-8629	55	23	)	)	PUNCT
cblr-8629	55	24	.	.	PUNCT
cblr-8629	56	1	etfs	etfs	PROPN
cblr-8629	56	2	are	be	AUX
cblr-8629	56	3	“	"	PUNCT
cblr-8629	56	4	publicly	publicly	ADV
cblr-8629	56	5	traded	trade	VERB
cblr-8629	56	6	on	on	ADP
cblr-8629	56	7	the	the	DET
cblr-8629	56	8	[	[	X
cblr-8629	56	9	secondary	secondary	ADJ
cblr-8629	56	10	]	]	PUNCT
cblr-8629	56	11	market	market	NOUN
cblr-8629	56	12	rather	rather	ADV
cblr-8629	56	13	than	than	ADP
cblr-8629	56	14	purchased	purchase	VERB
cblr-8629	56	15	directly	directly	ADV
cblr-8629	56	16	from	from	ADP
cblr-8629	56	17	(	(	PUNCT
cblr-8629	56	18	or	or	CCONJ
cblr-8629	56	19	sold	sell	VERB
cblr-8629	56	20	to	to	ADP
cblr-8629	56	21	)	)	PUNCT
cblr-8629	56	22	the	the	DET
cblr-8629	56	23	fund	fund	NOUN
cblr-8629	56	24	sponsor	sponsor	NOUN
cblr-8629	56	25	.	.	PUNCT
cblr-8629	56	26	”	"	PUNCT
cblr-8629	57	1	i	i	PRON
cblr-8629	57	2	d.	d.	PROPN
cblr-8629	57	3	at	at	ADP
cblr-8629	57	4	19	19	NUM
cblr-8629	57	5	n.4	n.4	NOUN
cblr-8629	57	6	.	.	PUNCT
cblr-8629	58	1	8	8	NUM
cblr-8629	58	2	see	see	VERB
cblr-8629	58	3	lucian	lucian	PROPN
cblr-8629	58	4	bebchuk	bebchuk	PROPN
cblr-8629	58	5	&	&	CCONJ
cblr-8629	58	6	scott	scott	PROPN
cblr-8629	58	7	hirst	hirst	PROPN
cblr-8629	58	8	,	,	PUNCT
cblr-8629	58	9	the	the	DET
cblr-8629	58	10	specter	specter	NOUN
cblr-8629	58	11	of	of	ADP
cblr-8629	58	12	the	the	DET
cblr-8629	58	13	giant	giant	ADJ
cblr-8629	58	14	three	three	NUM
cblr-8629	58	15	,	,	PUNCT
cblr-8629	58	16	99	99	NUM
cblr-8629	58	17	b.u	b.u	PROPN
cblr-8629	58	18	.	.	PROPN
cblr-8629	58	19	l.	l.	PROPN
cblr-8629	58	20	rev	rev	PROPN
cblr-8629	58	21	.	.	PROPN
cblr-8629	58	22	721	721	NUM
cblr-8629	58	23	,	,	PUNCT
cblr-8629	58	24	727	727	NUM
cblr-8629	58	25	,	,	PUNCT
cblr-8629	58	26	729	729	NUM
cblr-8629	58	27	(	(	PUNCT
cblr-8629	58	28	2019	2019	NUM
cblr-8629	58	29	)	)	PUNCT
cblr-8629	58	30	.	.	PUNCT
cblr-8629	59	1	9	9	NUM
cblr-8629	59	2	see	see	VERB
cblr-8629	59	3	andrew	andrew	PROPN
cblr-8629	59	4	w.	w.	PROPN
cblr-8629	59	5	lo	lo	PROPN
cblr-8629	59	6	,	,	PUNCT
cblr-8629	59	7	what	what	PRON
cblr-8629	59	8	is	be	AUX
cblr-8629	59	9	an	an	DET
cblr-8629	59	10	index	index	NOUN
cblr-8629	59	11	?	?	PUNCT
cblr-8629	59	12	,	,	PUNCT
cblr-8629	59	13	j.	j.	PROPN
cblr-8629	59	14	portfolio	portfolio	PROPN
cblr-8629	59	15	mgmt	mgmt	PROPN
cblr-8629	59	16	.	.	PROPN
cblr-8629	59	17	,	,	PUNCT
cblr-8629	59	18	winter	winter	NOUN
cblr-8629	59	19	2016	2016	NUM
cblr-8629	59	20	,	,	PUNCT
cblr-8629	59	21	at	at	ADP
cblr-8629	59	22	21	21	NUM
cblr-8629	59	23	,	,	PUNCT
cblr-8629	59	24	22–25	22–25	NUM
cblr-8629	59	25	(	(	PUNCT
cblr-8629	59	26	recounting	recount	VERB
cblr-8629	59	27	the	the	DET
cblr-8629	59	28	history	history	NOUN
cblr-8629	59	29	of	of	ADP
cblr-8629	59	30	index	index	NOUN
cblr-8629	59	31	funds	fund	NOUN
cblr-8629	59	32	and	and	CCONJ
cblr-8629	59	33	explaining	explain	VERB
cblr-8629	59	34	that	that	SCONJ
cblr-8629	59	35	an	an	DET
cblr-8629	59	36	index	index	NOUN
cblr-8629	59	37	must	must	AUX
cblr-8629	59	38	be	be	AUX
cblr-8629	59	39	transparent	transparent	ADJ
cblr-8629	59	40	,	,	PUNCT
cblr-8629	59	41	investible	investible	ADJ
cblr-8629	59	42	,	,	PUNCT
cblr-8629	59	43	and	and	CCONJ
cblr-8629	59	44	systematic	systematic	ADJ
cblr-8629	59	45	,	,	PUNCT
cblr-8629	59	46	the	the	DET
cblr-8629	59	47	latter	latter	ADJ
cblr-8629	59	48	ahn	ahn	PROPN
cblr-8629	59	49	et	et	PROPN
cblr-8629	59	50	al	al	PROPN
cblr-8629	59	51	.	.	PROPN
cblr-8629	59	52	8/20/2021	8/20/2021	NUM
cblr-8629	59	53	6:14	6:14	NUM
cblr-8629	59	54	pm	pm	NOUN
cblr-8629	59	55	480	480	NUM
cblr-8629	59	56	columbia	columbia	PROPN
cblr-8629	59	57	business	business	NOUN
cblr-8629	59	58	law	law	PROPN
cblr-8629	59	59	review	review	NOUN
cblr-8629	59	60	[	[	X
cblr-8629	59	61	vol	vol	NOUN
cblr-8629	59	62	.	.	PUNCT
cblr-8629	59	63	2021	2021	NUM
cblr-8629	59	64	sponsors	sponsor	NOUN
cblr-8629	59	65	have	have	AUX
cblr-8629	59	66	created	create	VERB
cblr-8629	59	67	an	an	DET
cblr-8629	59	68	ever	ever	ADV
cblr-8629	59	69	-	-	PUNCT
cblr-8629	59	70	expanding	expand	VERB
cblr-8629	59	71	variety	variety	NOUN
cblr-8629	59	72	of	of	ADP
cblr-8629	59	73	specialized	specialized	ADJ
cblr-8629	59	74	or	or	CCONJ
cblr-8629	59	75	bespoke	bespoke	NOUN
cblr-8629	59	76	index	index	NOUN
cblr-8629	59	77	funds.10	funds.10	SCONJ
cblr-8629	59	78	the	the	DET
cblr-8629	59	79	she	she	PROPN
cblr-8629	59	80	etf	etf	NOUN
cblr-8629	59	81	tracks	track	VERB
cblr-8629	59	82	the	the	DET
cblr-8629	59	83	ssga	ssga	ADJ
cblr-8629	59	84	gender	gender	NOUN
cblr-8629	59	85	diversity	diversity	NOUN
cblr-8629	59	86	index	index	NOUN
cblr-8629	59	87	,	,	PUNCT
cblr-8629	59	88	which	which	PRON
cblr-8629	59	89	is	be	AUX
cblr-8629	59	90	comprised	comprise	VERB
cblr-8629	59	91	of	of	ADP
cblr-8629	59	92	companies	company	NOUN
cblr-8629	59	93	that	that	PRON
cblr-8629	59	94	are	be	AUX
cblr-8629	59	95	advancing	advance	VERB
cblr-8629	59	96	women	woman	NOUN
cblr-8629	59	97	on	on	ADP
cblr-8629	59	98	their	their	PRON
cblr-8629	59	99	boards	board	NOUN
cblr-8629	59	100	and	and	CCONJ
cblr-8629	59	101	in	in	ADP
cblr-8629	59	102	senior	senior	ADJ
cblr-8629	59	103	management.11	management.11	NOUN
cblr-8629	59	104	another	another	DET
cblr-8629	59	105	example	example	NOUN
cblr-8629	59	106	,	,	PUNCT
cblr-8629	59	107	the	the	DET
cblr-8629	59	108	buzz	buzz	ADJ
cblr-8629	59	109	etf	etf	NOUN
cblr-8629	59	110	,	,	PUNCT
cblr-8629	59	111	was	be	AUX
cblr-8629	59	112	launched	launch	VERB
cblr-8629	59	113	in	in	ADP
cblr-8629	59	114	march	march	PROPN
cblr-8629	59	115	2021	2021	NUM
cblr-8629	59	116	,	,	PUNCT
cblr-8629	59	117	following	follow	VERB
cblr-8629	59	118	the	the	DET
cblr-8629	59	119	social	social	ADJ
cblr-8629	59	120	-	-	PUNCT
cblr-8629	59	121	media	media	NOUN
cblr-8629	59	122	-	-	PUNCT
cblr-8629	59	123	fueled	fuel	VERB
cblr-8629	59	124	trading	trading	NOUN
cblr-8629	59	125	frenzy	frenzy	NOUN
cblr-8629	59	126	in	in	ADP
cblr-8629	59	127	meme	meme	NOUN
cblr-8629	59	128	stocks.12	stocks.12	PROPN
cblr-8629	59	129	buzz	buzz	NOUN
cblr-8629	59	130	tracks	track	NOUN
cblr-8629	59	131	an	an	DET
cblr-8629	59	132	index	index	NOUN
cblr-8629	59	133	of	of	ADP
cblr-8629	59	134	stocks	stock	NOUN
cblr-8629	59	135	based	base	VERB
cblr-8629	59	136	on	on	ADP
cblr-8629	59	137	their	their	PRON
cblr-8629	59	138	popularity	popularity	NOUN
cblr-8629	59	139	on	on	ADP
cblr-8629	59	140	social	social	ADJ
cblr-8629	59	141	media.13	media.13	NOUN
cblr-8629	59	142	we	we	PRON
cblr-8629	59	143	argue	argue	VERB
cblr-8629	59	144	that	that	SCONJ
cblr-8629	59	145	index	index	NOUN
cblr-8629	59	146	technology	technology	NOUN
cblr-8629	59	147	similarly	similarly	ADV
cblr-8629	59	148	enables	enable	VERB
cblr-8629	59	149	investors	investor	NOUN
cblr-8629	59	150	to	to	PART
cblr-8629	59	151	select	select	VERB
cblr-8629	59	152	into	into	ADP
cblr-8629	59	153	or	or	CCONJ
cblr-8629	59	154	out	out	ADP
cblr-8629	59	155	of	of	ADP
cblr-8629	59	156	preferred	preferred	ADJ
cblr-8629	59	157	governance	governance	NOUN
cblr-8629	59	158	mechanisms	mechanism	NOUN
cblr-8629	59	159	,	,	PUNCT
cblr-8629	59	160	more	more	ADV
cblr-8629	59	161	closely	closely	ADV
cblr-8629	59	162	tying	tie	VERB
cblr-8629	59	163	the	the	DET
cblr-8629	59	164	capital	capital	NOUN
cblr-8629	59	165	markets	market	NOUN
cblr-8629	59	166	with	with	ADP
cblr-8629	59	167	the	the	DET
cblr-8629	59	168	market	market	NOUN
cblr-8629	59	169	for	for	ADP
cblr-8629	59	170	corporate	corporate	ADJ
cblr-8629	59	171	governance	governance	NOUN
cblr-8629	59	172	.	.	PUNCT
cblr-8629	60	1	although	although	SCONJ
cblr-8629	60	2	large	large	ADJ
cblr-8629	60	3	asset	asset	NOUN
cblr-8629	60	4	management	management	NOUN
cblr-8629	60	5	firms	firm	NOUN
cblr-8629	60	6	do	do	AUX
cblr-8629	60	7	not	not	PART
cblr-8629	60	8	currently	currently	ADV
cblr-8629	60	9	appear	appear	VERB
cblr-8629	60	10	to	to	PART
cblr-8629	60	11	offer	offer	VERB
cblr-8629	60	12	investors	investor	NOUN
cblr-8629	60	13	index	index	NOUN
cblr-8629	60	14	funds	fund	NOUN
cblr-8629	60	15	that	that	PRON
cblr-8629	60	16	invest	invest	VERB
cblr-8629	60	17	on	on	ADP
cblr-8629	60	18	the	the	DET
cblr-8629	60	19	basis	basis	NOUN
cblr-8629	60	20	of	of	ADP
cblr-8629	60	21	governance	governance	NOUN
cblr-8629	60	22	provisions	provision	NOUN
cblr-8629	60	23	,	,	PUNCT
cblr-8629	60	24	such	such	ADJ
cblr-8629	60	25	indexes	index	NOUN
cblr-8629	60	26	could	could	AUX
cblr-8629	60	27	allow	allow	VERB
cblr-8629	60	28	investors	investor	NOUN
cblr-8629	60	29	to	to	PART
cblr-8629	60	30	exclude	exclude	VERB
cblr-8629	60	31	firms	firm	NOUN
cblr-8629	60	32	that	that	PRON
cblr-8629	60	33	incorporate	incorporate	VERB
cblr-8629	60	34	valuedecreasing	valuedecreasing	NOUN
cblr-8629	60	35	governance	governance	NOUN
cblr-8629	60	36	provisions	provision	NOUN
cblr-8629	60	37	without	without	ADP
cblr-8629	60	38	sacrificing	sacrifice	VERB
cblr-8629	60	39	the	the	DET
cblr-8629	60	40	low	low	ADJ
cblr-8629	60	41	cost	cost	NOUN
cblr-8629	60	42	and	and	CCONJ
cblr-8629	60	43	diversification	diversification	NOUN
cblr-8629	60	44	afforded	afford	VERB
cblr-8629	60	45	by	by	ADP
cblr-8629	60	46	an	an	DET
cblr-8629	60	47	index	index	NOUN
cblr-8629	60	48	strategy.14	strategy.14	NOUN
cblr-8629	60	49	notably	notably	ADV
cblr-8629	60	50	,	,	PUNCT
cblr-8629	60	51	synthetic	synthetic	ADJ
cblr-8629	60	52	governance	governance	NOUN
cblr-8629	60	53	allows	allow	VERB
cblr-8629	60	54	investors	investor	NOUN
cblr-8629	60	55	to	to	PART
cblr-8629	60	56	make	make	VERB
cblr-8629	60	57	governance	governance	NOUN
cblr-8629	60	58	-	-	PUNCT
cblr-8629	60	59	based	base	VERB
cblr-8629	60	60	investment	investment	NOUN
cblr-8629	60	61	decisions	decision	NOUN
cblr-8629	60	62	without	without	ADP
cblr-8629	60	63	the	the	DET
cblr-8629	60	64	heavy	heavy	ADJ
cblr-8629	60	65	hand	hand	NOUN
cblr-8629	60	66	of	of	ADP
cblr-8629	60	67	regulatory	regulatory	ADJ
cblr-8629	60	68	intervention	intervention	NOUN
cblr-8629	60	69	.	.	PUNCT
cblr-8629	61	1	rather	rather	ADV
cblr-8629	61	2	than	than	ADP
cblr-8629	61	3	the	the	DET
cblr-8629	61	4	securities	security	NOUN
cblr-8629	61	5	and	and	CCONJ
cblr-8629	61	6	exchange	exchange	PROPN
cblr-8629	61	7	commission	commission	PROPN
cblr-8629	61	8	(	(	PUNCT
cblr-8629	61	9	sec	sec	PROPN
cblr-8629	61	10	)	)	PUNCT
cblr-8629	61	11	or	or	CCONJ
cblr-8629	61	12	the	the	DET
cblr-8629	61	13	stock	stock	NOUN
cblr-8629	61	14	exchanges	exchange	NOUN
cblr-8629	61	15	prohibiting	prohibit	VERB
cblr-8629	61	16	the	the	DET
cblr-8629	61	17	use	use	NOUN
cblr-8629	61	18	of	of	ADP
cblr-8629	61	19	dual	dual	ADJ
cblr-8629	61	20	class	class	NOUN
cblr-8629	61	21	voting	voting	NOUN
cblr-8629	61	22	structures	structure	NOUN
cblr-8629	61	23	,	,	PUNCT
cblr-8629	61	24	synthetic	synthetic	ADJ
cblr-8629	61	25	“	"	PUNCT
cblr-8629	61	26	meaning	mean	VERB
cblr-8629	61	27	that	that	SCONJ
cblr-8629	61	28	the	the	DET
cblr-8629	61	29	index	index	NOUN
cblr-8629	61	30	’s	’s	PART
cblr-8629	61	31	construction	construction	NOUN
cblr-8629	61	32	must	must	AUX
cblr-8629	61	33	be	be	AUX
cblr-8629	61	34	rules	rule	NOUN
cblr-8629	61	35	-	-	PUNCT
cblr-8629	61	36	based	base	VERB
cblr-8629	61	37	and	and	CCONJ
cblr-8629	61	38	not	not	PART
cblr-8629	61	39	dependent	dependent	ADJ
cblr-8629	61	40	on	on	ADP
cblr-8629	61	41	any	any	DET
cblr-8629	61	42	discretion	discretion	NOUN
cblr-8629	61	43	or	or	CCONJ
cblr-8629	61	44	human	human	ADJ
cblr-8629	61	45	judgment	judgment	NOUN
cblr-8629	61	46	”	"	PUNCT
cblr-8629	61	47	)	)	PUNCT
cblr-8629	61	48	;	;	PUNCT
cblr-8629	62	1	adriana	adriana	PROPN
cblr-8629	62	2	z.	z.	PROPN
cblr-8629	62	3	robertson	robertson	PROPN
cblr-8629	62	4	,	,	PUNCT
cblr-8629	62	5	passive	passive	ADJ
cblr-8629	62	6	in	in	ADP
cblr-8629	62	7	name	name	NOUN
cblr-8629	62	8	only	only	ADV
cblr-8629	62	9	:	:	PUNCT
cblr-8629	62	10	delegated	delegate	VERB
cblr-8629	62	11	management	management	NOUN
cblr-8629	62	12	and	and	CCONJ
cblr-8629	62	13	“	"	PUNCT
cblr-8629	62	14	index	index	NOUN
cblr-8629	62	15	”	"	PUNCT
cblr-8629	62	16	investing	investing	NOUN
cblr-8629	62	17	,	,	PUNCT
cblr-8629	62	18	36	36	NUM
cblr-8629	62	19	yale	yale	PROPN
cblr-8629	62	20	j.	j.	PROPN
cblr-8629	62	21	on	on	ADP
cblr-8629	62	22	regul	regul	NOUN
cblr-8629	62	23	.	.	PUNCT
cblr-8629	63	1	795	795	NUM
cblr-8629	63	2	,	,	PUNCT
cblr-8629	63	3	810–33	810–33	NUM
cblr-8629	63	4	(	(	PUNCT
cblr-8629	63	5	2019	2019	NUM
cblr-8629	63	6	)	)	PUNCT
cblr-8629	63	7	(	(	PUNCT
cblr-8629	63	8	providing	provide	VERB
cblr-8629	63	9	a	a	DET
cblr-8629	63	10	taxonomy	taxonomy	NOUN
cblr-8629	63	11	of	of	ADP
cblr-8629	63	12	index	index	NOUN
cblr-8629	63	13	types	type	NOUN
cblr-8629	63	14	)	)	PUNCT
cblr-8629	63	15	.	.	PUNCT
cblr-8629	64	1	10	10	NUM
cblr-8629	64	2	robertson	robertson	PROPN
cblr-8629	64	3	,	,	PUNCT
cblr-8629	64	4	supra	supra	PROPN
cblr-8629	64	5	note	note	PROPN
cblr-8629	64	6	9	9	NUM
cblr-8629	64	7	,	,	PUNCT
cblr-8629	64	8	at	at	ADP
cblr-8629	64	9	821	821	NUM
cblr-8629	64	10	(	(	PUNCT
cblr-8629	64	11	explaining	explain	VERB
cblr-8629	64	12	the	the	DET
cblr-8629	64	13	concept	concept	NOUN
cblr-8629	64	14	of	of	ADP
cblr-8629	64	15	a	a	DET
cblr-8629	64	16	bespoke	bespoke	NOUN
cblr-8629	64	17	index	index	NOUN
cblr-8629	64	18	)	)	PUNCT
cblr-8629	64	19	.	.	PUNCT
cblr-8629	65	1	11	11	NUM
cblr-8629	65	2	spdr	spdr	PROPN
cblr-8629	65	3	®	®	NOUN
cblr-8629	65	4	ssga	ssga	ADJ
cblr-8629	65	5	gender	gender	NOUN
cblr-8629	65	6	diversity	diversity	NOUN
cblr-8629	65	7	etf	etf	NOUN
cblr-8629	65	8	,	,	PUNCT
cblr-8629	65	9	u.s	u.s	PROPN
cblr-8629	65	10	.	.	PROPN
cblr-8629	65	11	news	news	PROPN
cblr-8629	65	12	&	&	CCONJ
cblr-8629	65	13	world	world	PROPN
cblr-8629	65	14	rep	rep	PROPN
cblr-8629	65	15	.	.	PROPN
cblr-8629	65	16	(	(	PUNCT
cblr-8629	65	17	on	on	ADP
cblr-8629	65	18	file	file	NOUN
cblr-8629	65	19	with	with	ADP
cblr-8629	65	20	the	the	DET
cblr-8629	65	21	columbia	columbia	PROPN
cblr-8629	65	22	business	business	PROPN
cblr-8629	65	23	law	law	PROPN
cblr-8629	65	24	review	review	PROPN
cblr-8629	65	25	)	)	PUNCT
cblr-8629	65	26	,	,	PUNCT
cblr-8629	65	27	https://money.usnews.com/	https://money.usnews.com/	PROPN
cblr-8629	65	28	funds	fund	NOUN
cblr-8629	65	29	/	/	SYM
cblr-8629	65	30	etfs	etfs	PROPN
cblr-8629	65	31	/	/	SYM
cblr-8629	65	32	large	large	ADJ
cblr-8629	65	33	-	-	PUNCT
cblr-8629	65	34	blend	blend	NOUN
cblr-8629	65	35	/	/	SYM
cblr-8629	65	36	spdr	spdr	NOUN
cblr-8629	65	37	-	-	PUNCT
cblr-8629	65	38	ssga	ssga	ADJ
cblr-8629	65	39	-	-	PUNCT
cblr-8629	65	40	gender	gender	NOUN
cblr-8629	65	41	-	-	PUNCT
cblr-8629	65	42	diversity	diversity	NOUN
cblr-8629	65	43	-	-	PUNCT
cblr-8629	65	44	etf	etf	NOUN
cblr-8629	65	45	/	/	SYM
cblr-8629	65	46	she	she	PRON
cblr-8629	65	47	(	(	PUNCT
cblr-8629	65	48	last	last	ADJ
cblr-8629	65	49	visited	visit	VERB
cblr-8629	65	50	apr	apr	NOUN
cblr-8629	65	51	.	.	PROPN
cblr-8629	65	52	7	7	NUM
cblr-8629	65	53	,	,	PUNCT
cblr-8629	65	54	2021	2021	NUM
cblr-8629	65	55	)	)	PUNCT
cblr-8629	65	56	.	.	PUNCT
cblr-8629	66	1	12	12	NUM
cblr-8629	66	2	emily	emily	PROPN
cblr-8629	66	3	nicolle	nicolle	PROPN
cblr-8629	66	4	,	,	PUNCT
cblr-8629	66	5	why	why	SCONJ
cblr-8629	66	6	vaneck	vaneck	NOUN
cblr-8629	66	7	’s	’s	PART
cblr-8629	66	8	new	new	ADJ
cblr-8629	66	9	meme	meme	NOUN
cblr-8629	66	10	stocks	stock	NOUN
cblr-8629	66	11	etf	etf	NOUN
cblr-8629	66	12	might	might	AUX
cblr-8629	66	13	not	not	PART
cblr-8629	66	14	be	be	AUX
cblr-8629	66	15	reddit	reddit	NOUN
cblr-8629	66	16	-	-	PUNCT
cblr-8629	66	17	worthy	worthy	ADJ
cblr-8629	66	18	,	,	PUNCT
cblr-8629	66	19	barron	barron	PROPN
cblr-8629	66	20	’s	’s	PROPN
cblr-8629	66	21	,	,	PUNCT
cblr-8629	66	22	https://www.marketwatch.com/articles/whyvanecks-new-meme-stocks-etf-might-not-be-reddit-worthy51615308160?mod=mw_quote_news	https://www.marketwatch.com/articles/whyvanecks-new-meme-stocks-etf-might-not-be-reddit-worthy51615308160?mod=mw_quote_new	VERB
cblr-8629	66	23	[	[	X
cblr-8629	66	24	https://perma.cc/c8by-p9n7	https://perma.cc/c8by-p9n7	X
cblr-8629	66	25	]	]	X
cblr-8629	66	26	(	(	PUNCT
cblr-8629	66	27	last	last	ADJ
cblr-8629	66	28	updated	update	VERB
cblr-8629	66	29	mar	mar	PROPN
cblr-8629	66	30	.	.	PROPN
cblr-8629	66	31	9	9	NUM
cblr-8629	66	32	,	,	PUNCT
cblr-8629	66	33	2021	2021	NUM
cblr-8629	66	34	,	,	PUNCT
cblr-8629	66	35	11:46	11:46	NUM
cblr-8629	66	36	am	am	NOUN
cblr-8629	66	37	)	)	PUNCT
cblr-8629	66	38	.	.	PUNCT
cblr-8629	67	1	13	13	NUM
cblr-8629	68	1	i	i	PRON
cblr-8629	68	2	d.	d.	PROPN
cblr-8629	68	3	14	14	NUM
cblr-8629	68	4	actively	actively	ADV
cblr-8629	68	5	-	-	PUNCT
cblr-8629	68	6	managed	manage	VERB
cblr-8629	68	7	funds	fund	NOUN
cblr-8629	68	8	can	can	AUX
cblr-8629	68	9	take	take	VERB
cblr-8629	68	10	governance	governance	NOUN
cblr-8629	68	11	factors	factor	NOUN
cblr-8629	68	12	into	into	ADP
cblr-8629	68	13	account	account	NOUN
cblr-8629	68	14	,	,	PUNCT
cblr-8629	68	15	although	although	SCONJ
cblr-8629	68	16	the	the	DET
cblr-8629	68	17	degree	degree	NOUN
cblr-8629	68	18	to	to	PART
cblr-8629	68	19	which	which	PRON
cblr-8629	68	20	they	they	PRON
cblr-8629	68	21	do	do	VERB
cblr-8629	68	22	so	so	ADV
cblr-8629	68	23	is	be	AUX
cblr-8629	68	24	unclear	unclear	ADJ
cblr-8629	68	25	,	,	PUNCT
cblr-8629	68	26	in	in	ADP
cblr-8629	68	27	part	part	NOUN
cblr-8629	68	28	because	because	SCONJ
cblr-8629	68	29	activelymanaged	activelymanage	VERB
cblr-8629	68	30	investment	investment	NOUN
cblr-8629	68	31	strategies	strategy	NOUN
cblr-8629	68	32	are	be	AUX
cblr-8629	68	33	proprietary	proprietary	ADJ
cblr-8629	68	34	.	.	PUNCT
cblr-8629	69	1	ahn	ahn	PROPN
cblr-8629	69	2	et	et	PROPN
cblr-8629	69	3	al	al	PROPN
cblr-8629	69	4	.	.	PROPN
cblr-8629	70	1	8/20/2021	8/20/2021	NUM
cblr-8629	70	2	6:14	6:14	NUM
cblr-8629	70	3	pm	pm	NOUN
cblr-8629	70	4	no	no	NOUN
cblr-8629	70	5	.	.	PUNCT
cblr-8629	71	1	2:476	2:476	NUM
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cblr-8629	71	3	synthetic	synthetic	ADJ
cblr-8629	71	4	governance	governance	NOUN
cblr-8629	71	5	481	481	NUM
cblr-8629	72	1	governance	governance	NOUN
cblr-8629	72	2	would	would	AUX
cblr-8629	72	3	enable	enable	VERB
cblr-8629	72	4	an	an	DET
cblr-8629	72	5	investor	investor	NOUN
cblr-8629	72	6	to	to	PART
cblr-8629	72	7	invest	invest	VERB
cblr-8629	72	8	in	in	ADP
cblr-8629	72	9	a	a	DET
cblr-8629	72	10	mutual	mutual	ADJ
cblr-8629	72	11	fund	fund	NOUN
cblr-8629	72	12	that	that	PRON
cblr-8629	72	13	excludes	exclude	VERB
cblr-8629	72	14	dual	dual	ADJ
cblr-8629	72	15	class	class	NOUN
cblr-8629	72	16	stocks.15	stocks.15	NOUN
cblr-8629	72	17	index	index	NOUN
cblr-8629	72	18	fund	fund	NOUN
cblr-8629	72	19	strategies	strategy	NOUN
cblr-8629	72	20	could	could	AUX
cblr-8629	72	21	also	also	ADV
cblr-8629	72	22	be	be	AUX
cblr-8629	72	23	tailored	tailor	VERB
cblr-8629	72	24	more	more	ADV
cblr-8629	72	25	precisely	precisely	ADV
cblr-8629	72	26	.	.	PUNCT
cblr-8629	73	1	so	so	ADV
cblr-8629	73	2	,	,	PUNCT
cblr-8629	73	3	for	for	ADP
cblr-8629	73	4	example	example	NOUN
cblr-8629	73	5	,	,	PUNCT
cblr-8629	73	6	rather	rather	ADV
cblr-8629	73	7	than	than	ADP
cblr-8629	73	8	excluding	exclude	VERB
cblr-8629	73	9	all	all	DET
cblr-8629	73	10	dual	dual	ADJ
cblr-8629	73	11	class	class	NOUN
cblr-8629	73	12	firms	firm	NOUN
cblr-8629	73	13	from	from	ADP
cblr-8629	73	14	its	its	PRON
cblr-8629	73	15	portfolio	portfolio	NOUN
cblr-8629	73	16	,	,	PUNCT
cblr-8629	73	17	a	a	DET
cblr-8629	73	18	fund	fund	NOUN
cblr-8629	73	19	could	could	AUX
cblr-8629	73	20	disinvest	disinvest	VERB
cblr-8629	73	21	from	from	ADP
cblr-8629	73	22	companies	company	NOUN
cblr-8629	73	23	with	with	ADP
cblr-8629	73	24	dual	dual	ADJ
cblr-8629	73	25	class	class	NOUN
cblr-8629	73	26	stock	stock	NOUN
cblr-8629	73	27	if	if	SCONJ
cblr-8629	73	28	the	the	DET
cblr-8629	73	29	dual	dual	ADJ
cblr-8629	73	30	class	class	NOUN
cblr-8629	73	31	does	do	AUX
cblr-8629	73	32	not	not	PART
cblr-8629	73	33	sunset	sunset	VERB
cblr-8629	73	34	after	after	ADP
cblr-8629	73	35	a	a	DET
cblr-8629	73	36	pre	pre	ADJ
cblr-8629	73	37	-	-	ADJ
cblr-8629	73	38	specified	specified	ADJ
cblr-8629	73	39	period	period	NOUN
cblr-8629	73	40	of	of	ADP
cblr-8629	73	41	time	time	NOUN
cblr-8629	73	42	,	,	PUNCT
cblr-8629	73	43	creating	create	VERB
cblr-8629	73	44	,	,	PUNCT
cblr-8629	73	45	in	in	ADP
cblr-8629	73	46	effect	effect	NOUN
cblr-8629	73	47	,	,	PUNCT
cblr-8629	73	48	a	a	DET
cblr-8629	73	49	synthetic	synthetic	ADJ
cblr-8629	73	50	sunset	sunset	NOUN
cblr-8629	73	51	.	.	PUNCT
cblr-8629	74	1	we	we	PRON
cblr-8629	74	2	argue	argue	VERB
cblr-8629	74	3	that	that	SCONJ
cblr-8629	74	4	synthetic	synthetic	ADJ
cblr-8629	74	5	governance	governance	NOUN
cblr-8629	74	6	offers	offer	VERB
cblr-8629	74	7	three	three	NUM
cblr-8629	74	8	potential	potential	ADJ
cblr-8629	74	9	benefits	benefit	NOUN
cblr-8629	74	10	.	.	PUNCT
cblr-8629	75	1	first	first	ADV
cblr-8629	75	2	,	,	PUNCT
cblr-8629	75	3	it	it	PRON
cblr-8629	75	4	provides	provide	VERB
cblr-8629	75	5	a	a	DET
cblr-8629	75	6	market	market	NOUN
cblr-8629	75	7	-	-	PUNCT
cblr-8629	75	8	based	base	VERB
cblr-8629	75	9	mechanism	mechanism	NOUN
cblr-8629	75	10	to	to	PART
cblr-8629	75	11	test	test	VERB
cblr-8629	75	12	the	the	DET
cblr-8629	75	13	economic	economic	ADJ
cblr-8629	75	14	value	value	NOUN
cblr-8629	75	15	of	of	ADP
cblr-8629	75	16	controversial	controversial	ADJ
cblr-8629	75	17	governance	governance	NOUN
cblr-8629	75	18	provisions	provision	NOUN
cblr-8629	75	19	.	.	PUNCT
cblr-8629	76	1	if	if	SCONJ
cblr-8629	76	2	critics	critic	NOUN
cblr-8629	76	3	of	of	ADP
cblr-8629	76	4	such	such	ADJ
cblr-8629	76	5	governance	governance	NOUN
cblr-8629	76	6	provisions	provision	NOUN
cblr-8629	76	7	are	be	AUX
cblr-8629	76	8	correct	correct	ADJ
cblr-8629	76	9	,	,	PUNCT
cblr-8629	76	10	governancebased	governancebase	VERB
cblr-8629	76	11	index	index	NOUN
cblr-8629	76	12	funds	fund	NOUN
cblr-8629	76	13	should	should	AUX
cblr-8629	76	14	outperform	outperform	VERB
cblr-8629	76	15	their	their	PRON
cblr-8629	76	16	broad	broad	ADV
cblr-8629	76	17	-	-	PUNCT
cblr-8629	76	18	based	base	VERB
cblr-8629	76	19	competitors	competitor	NOUN
cblr-8629	76	20	.	.	PUNCT
cblr-8629	77	1	second	second	ADJ
cblr-8629	77	2	,	,	PUNCT
cblr-8629	77	3	synthetic	synthetic	ADJ
cblr-8629	77	4	governance	governance	NOUN
cblr-8629	77	5	may	may	AUX
cblr-8629	77	6	lead	lead	VERB
cblr-8629	77	7	to	to	ADP
cblr-8629	77	8	more	more	ADV
cblr-8629	77	9	efficient	efficient	ADJ
cblr-8629	77	10	allocation	allocation	NOUN
cblr-8629	77	11	of	of	ADP
cblr-8629	77	12	capital	capital	NOUN
cblr-8629	77	13	by	by	ADP
cblr-8629	77	14	drawing	draw	VERB
cblr-8629	77	15	inflows	inflow	NOUN
cblr-8629	77	16	into	into	ADP
cblr-8629	77	17	funds	fund	NOUN
cblr-8629	77	18	that	that	PRON
cblr-8629	77	19	properly	properly	ADV
cblr-8629	77	20	evaluate	evaluate	VERB
cblr-8629	77	21	the	the	DET
cblr-8629	77	22	economic	economic	ADJ
cblr-8629	77	23	value	value	NOUN
cblr-8629	77	24	of	of	ADP
cblr-8629	77	25	governance	governance	NOUN
cblr-8629	77	26	.	.	PUNCT
cblr-8629	78	1	third	third	ADJ
cblr-8629	78	2	,	,	PUNCT
cblr-8629	78	3	synthetic	synthetic	ADJ
cblr-8629	78	4	governance	governance	NOUN
cblr-8629	78	5	can	can	AUX
cblr-8629	78	6	enhance	enhance	VERB
cblr-8629	78	7	management	management	NOUN
cblr-8629	78	8	accountability	accountability	NOUN
cblr-8629	78	9	by	by	ADP
cblr-8629	78	10	providing	provide	VERB
cblr-8629	78	11	passive	passive	ADJ
cblr-8629	78	12	investors	investor	NOUN
cblr-8629	78	13	a	a	DET
cblr-8629	78	14	mechanism	mechanism	NOUN
cblr-8629	78	15	for	for	ADP
cblr-8629	78	16	subjecting	subject	VERB
cblr-8629	78	17	the	the	DET
cblr-8629	78	18	governance	governance	NOUN
cblr-8629	78	19	choices	choice	NOUN
cblr-8629	78	20	of	of	ADP
cblr-8629	78	21	their	their	PRON
cblr-8629	78	22	portfolio	portfolio	NOUN
cblr-8629	78	23	companies	company	NOUN
cblr-8629	78	24	to	to	ADP
cblr-8629	78	25	capital	capital	NOUN
cblr-8629	78	26	market	market	NOUN
cblr-8629	78	27	discipline	discipline	NOUN
cblr-8629	78	28	.	.	PUNCT
cblr-8629	79	1	there	there	PRON
cblr-8629	79	2	are	be	VERB
cblr-8629	79	3	also	also	ADV
cblr-8629	79	4	systemic	systemic	ADJ
cblr-8629	79	5	effects	effect	NOUN
cblr-8629	79	6	—	—	PUNCT
cblr-8629	79	7	if	if	SCONJ
cblr-8629	79	8	bespoke	bespoke	NOUN
cblr-8629	79	9	governance	governance	NOUN
cblr-8629	79	10	indexes	index	NOUN
cblr-8629	79	11	are	be	AUX
cblr-8629	79	12	successful	successful	ADJ
cblr-8629	79	13	in	in	ADP
cblr-8629	79	14	attracting	attract	VERB
cblr-8629	79	15	investor	investor	NOUN
cblr-8629	79	16	assets	asset	NOUN
cblr-8629	79	17	,	,	PUNCT
cblr-8629	79	18	firms	firm	NOUN
cblr-8629	79	19	may	may	AUX
cblr-8629	79	20	proactively	proactively	ADV
cblr-8629	79	21	adopt	adopt	VERB
cblr-8629	79	22	specific	specific	ADJ
cblr-8629	79	23	governance	governance	NOUN
cblr-8629	79	24	practices	practice	NOUN
cblr-8629	79	25	to	to	PART
cblr-8629	79	26	qualify	qualify	VERB
cblr-8629	79	27	for	for	ADP
cblr-8629	79	28	inclusion	inclusion	NOUN
cblr-8629	79	29	.	.	PUNCT
cblr-8629	80	1	we	we	PRON
cblr-8629	80	2	go	go	VERB
cblr-8629	80	3	on	on	ADP
cblr-8629	80	4	to	to	PART
cblr-8629	80	5	provide	provide	VERB
cblr-8629	80	6	a	a	DET
cblr-8629	80	7	practical	practical	ADJ
cblr-8629	80	8	illustration	illustration	NOUN
cblr-8629	80	9	of	of	ADP
cblr-8629	80	10	our	our	PRON
cblr-8629	80	11	theory	theory	NOUN
cblr-8629	80	12	of	of	ADP
cblr-8629	80	13	synthetic	synthetic	ADJ
cblr-8629	80	14	governance	governance	NOUN
cblr-8629	80	15	by	by	ADP
cblr-8629	80	16	constructing	construct	VERB
cblr-8629	80	17	and	and	CCONJ
cblr-8629	80	18	evaluating	evaluate	VERB
cblr-8629	80	19	the	the	DET
cblr-8629	80	20	performance	performance	NOUN
cblr-8629	80	21	of	of	ADP
cblr-8629	80	22	a	a	DET
cblr-8629	80	23	novel	novel	ADJ
cblr-8629	80	24	bespoke	bespoke	NOUN
cblr-8629	80	25	governance	governance	NOUN
cblr-8629	80	26	index	index	NOUN
cblr-8629	80	27	,	,	PUNCT
cblr-8629	80	28	the	the	DET
cblr-8629	80	29	dual	dual	ADJ
cblr-8629	80	30	index.16	index.16	NOUN
cblr-8629	80	31	the	the	DET
cblr-8629	80	32	dual	dual	ADJ
cblr-8629	80	33	index	index	NOUN
cblr-8629	80	34	permits	permit	VERB
cblr-8629	80	35	the	the	DET
cblr-8629	80	36	evaluation	evaluation	NOUN
cblr-8629	80	37	of	of	ADP
cblr-8629	80	38	dual	dual	ADJ
cblr-8629	80	39	class	class	NOUN
cblr-8629	80	40	companies	company	NOUN
cblr-8629	80	41	in	in	ADP
cblr-8629	80	42	response	response	NOUN
cblr-8629	80	43	to	to	ADP
cblr-8629	80	44	the	the	DET
cblr-8629	80	45	debate	debate	NOUN
cblr-8629	80	46	over	over	ADP
cblr-8629	80	47	dual	dual	ADJ
cblr-8629	80	48	class	class	NOUN
cblr-8629	80	49	voting	voting	NOUN
cblr-8629	80	50	structures	structure	NOUN
cblr-8629	80	51	.	.	PUNCT
cblr-8629	81	1	the	the	DET
cblr-8629	81	2	dual	dual	ADJ
cblr-8629	81	3	index	index	NOUN
cblr-8629	81	4	further	far	ADV
cblr-8629	81	5	provides	provide	VERB
cblr-8629	81	6	a	a	DET
cblr-8629	81	7	tool	tool	NOUN
cblr-8629	81	8	for	for	ADP
cblr-8629	81	9	implementing	implement	VERB
cblr-8629	81	10	sunset	sunset	NOUN
cblr-8629	81	11	provisions	provision	NOUN
cblr-8629	81	12	for	for	ADP
cblr-8629	81	13	dual	dual	ADJ
cblr-8629	81	14	class	class	NOUN
cblr-8629	81	15	voting	voting	NOUN
cblr-8629	81	16	structures	structure	NOUN
cblr-8629	81	17	by	by	ADP
cblr-8629	81	18	dropping	drop	VERB
cblr-8629	81	19	companies	company	NOUN
cblr-8629	81	20	from	from	ADP
cblr-8629	81	21	the	the	DET
cblr-8629	81	22	index	index	NOUN
cblr-8629	81	23	if	if	SCONJ
cblr-8629	81	24	they	they	PRON
cblr-8629	81	25	fail	fail	VERB
cblr-8629	81	26	to	to	PART
cblr-8629	81	27	eliminate	eliminate	VERB
cblr-8629	81	28	that	that	DET
cblr-8629	81	29	dual	dual	ADJ
cblr-8629	81	30	class	class	NOUN
cblr-8629	81	31	structure	structure	NOUN
cblr-8629	81	32	after	after	ADP
cblr-8629	81	33	a	a	DET
cblr-8629	81	34	pre	pre	ADJ
cblr-8629	81	35	-	-	ADJ
cblr-8629	81	36	specified	specified	ADJ
cblr-8629	81	37	number	number	NOUN
cblr-8629	81	38	of	of	ADP
cblr-8629	81	39	years	year	NOUN
cblr-8629	81	40	following	follow	VERB
cblr-8629	81	41	their	their	PRON
cblr-8629	81	42	ipos	ipos	NOUN
cblr-8629	81	43	.	.	PUNCT
cblr-8629	82	1	in	in	ADP
cblr-8629	82	2	other	other	ADJ
cblr-8629	82	3	words	word	NOUN
cblr-8629	82	4	,	,	PUNCT
cblr-8629	82	5	the	the	DET
cblr-8629	82	6	dual	dual	ADJ
cblr-8629	82	7	index	index	NOUN
cblr-8629	82	8	imposes	impose	VERB
cblr-8629	82	9	a	a	DET
cblr-8629	82	10	synthetic	synthetic	ADJ
cblr-8629	82	11	sunset	sunset	NOUN
cblr-8629	82	12	for	for	ADP
cblr-8629	82	13	dual	dual	ADJ
cblr-8629	82	14	class	class	NOUN
cblr-8629	82	15	companies	company	NOUN
cblr-8629	82	16	.	.	PUNCT
cblr-8629	83	1	15	15	NUM
cblr-8629	83	2	see	see	VERB
cblr-8629	83	3	infra	infra	NOUN
cblr-8629	83	4	section	section	NOUN
cblr-8629	83	5	iv.a	iv.a	X
cblr-8629	83	6	(	(	PUNCT
cblr-8629	83	7	evaluating	evaluate	VERB
cblr-8629	83	8	a	a	DET
cblr-8629	83	9	portfolio	portfolio	NOUN
cblr-8629	83	10	using	use	VERB
cblr-8629	83	11	the	the	DET
cblr-8629	83	12	opposite	opposite	ADJ
cblr-8629	83	13	rule	rule	NOUN
cblr-8629	83	14	)	)	PUNCT
cblr-8629	83	15	.	.	PUNCT
cblr-8629	84	1	as	as	SCONJ
cblr-8629	84	2	developed	develop	VERB
cblr-8629	84	3	later	later	ADV
cblr-8629	84	4	,	,	PUNCT
cblr-8629	84	5	we	we	PRON
cblr-8629	84	6	distinguish	distinguish	VERB
cblr-8629	84	7	an	an	DET
cblr-8629	84	8	investment	investment	NOUN
cblr-8629	84	9	product	product	NOUN
cblr-8629	84	10	that	that	PRON
cblr-8629	84	11	expressly	expressly	ADV
cblr-8629	84	12	selects	select	VERB
cblr-8629	84	13	for	for	ADP
cblr-8629	84	14	or	or	CCONJ
cblr-8629	84	15	against	against	ADP
cblr-8629	84	16	a	a	DET
cblr-8629	84	17	particular	particular	ADJ
cblr-8629	84	18	governance	governance	NOUN
cblr-8629	84	19	provision	provision	NOUN
cblr-8629	84	20	from	from	ADP
cblr-8629	84	21	a	a	DET
cblr-8629	84	22	decision	decision	NOUN
cblr-8629	84	23	by	by	ADP
cblr-8629	84	24	a	a	DET
cblr-8629	84	25	broad	broad	ADV
cblr-8629	84	26	-	-	PUNCT
cblr-8629	84	27	based	base	VERB
cblr-8629	84	28	index	index	NOUN
cblr-8629	84	29	such	such	ADJ
cblr-8629	84	30	as	as	ADP
cblr-8629	84	31	the	the	DET
cblr-8629	84	32	s&p	s&p	PROPN
cblr-8629	84	33	500	500	NUM
cblr-8629	84	34	to	to	PART
cblr-8629	84	35	exclude	exclude	VERB
cblr-8629	84	36	a	a	DET
cblr-8629	84	37	firm	firm	NOUN
cblr-8629	84	38	based	base	VERB
cblr-8629	84	39	on	on	ADP
cblr-8629	84	40	governance	governance	NOUN
cblr-8629	84	41	criteria	criterion	NOUN
cblr-8629	84	42	.	.	PUNCT
cblr-8629	85	1	16	16	NUM
cblr-8629	85	2	see	see	VERB
cblr-8629	85	3	infra	infra	NOUN
cblr-8629	85	4	part	part	NOUN
cblr-8629	85	5	iv	iv	NOUN
cblr-8629	85	6	.	.	PUNCT
cblr-8629	86	1	ahn	ahn	PROPN
cblr-8629	86	2	et	et	PROPN
cblr-8629	86	3	al	al	PROPN
cblr-8629	86	4	.	.	PROPN
cblr-8629	87	1	8/20/2021	8/20/2021	NUM
cblr-8629	87	2	6:14	6:14	NUM
cblr-8629	87	3	pm	pm	PROPN
cblr-8629	87	4	482	482	NUM
cblr-8629	87	5	columbia	columbia	PROPN
cblr-8629	87	6	business	business	PROPN
cblr-8629	87	7	law	law	PROPN
cblr-8629	87	8	review	review	NOUN
cblr-8629	87	9	[	[	X
cblr-8629	87	10	vol	vol	NOUN
cblr-8629	87	11	.	.	PUNCT
cblr-8629	87	12	2021	2021	NUM
cblr-8629	87	13	we	we	PRON
cblr-8629	87	14	examine	examine	VERB
cblr-8629	87	15	the	the	DET
cblr-8629	87	16	performance	performance	NOUN
cblr-8629	87	17	of	of	ADP
cblr-8629	87	18	this	this	DET
cblr-8629	87	19	index	index	NOUN
cblr-8629	87	20	over	over	ADP
cblr-8629	87	21	a	a	DET
cblr-8629	87	22	period	period	NOUN
cblr-8629	87	23	of	of	ADP
cblr-8629	87	24	time	time	NOUN
cblr-8629	87	25	.	.	PUNCT
cblr-8629	88	1	we	we	PRON
cblr-8629	88	2	find	find	VERB
cblr-8629	88	3	that	that	SCONJ
cblr-8629	88	4	over	over	ADP
cblr-8629	88	5	a	a	DET
cblr-8629	88	6	back	back	NOUN
cblr-8629	88	7	-	-	PUNCT
cblr-8629	88	8	testing	testing	NOUN
cblr-8629	88	9	period	period	NOUN
cblr-8629	88	10	from	from	ADP
cblr-8629	88	11	june	june	PROPN
cblr-8629	88	12	2009	2009	NUM
cblr-8629	88	13	to	to	ADP
cblr-8629	88	14	december	december	PROPN
cblr-8629	88	15	2019	2019	NUM
cblr-8629	88	16	,	,	PUNCT
cblr-8629	88	17	the	the	DET
cblr-8629	88	18	dual	dual	ADJ
cblr-8629	88	19	index	index	NOUN
cblr-8629	88	20	earned	earn	VERB
cblr-8629	88	21	an	an	DET
cblr-8629	88	22	annual	annual	ADJ
cblr-8629	88	23	return	return	NOUN
cblr-8629	88	24	of	of	ADP
cblr-8629	88	25	19.23	19.23	NUM
cblr-8629	88	26	%	%	NOUN
cblr-8629	88	27	with	with	ADP
cblr-8629	88	28	a	a	DET
cblr-8629	88	29	standard	standard	ADJ
cblr-8629	88	30	deviation	deviation	NOUN
cblr-8629	88	31	of	of	ADP
cblr-8629	88	32	14.39	14.39	NUM
cblr-8629	88	33	%	%	NOUN
cblr-8629	88	34	,	,	PUNCT
cblr-8629	88	35	while	while	SCONJ
cblr-8629	88	36	the	the	DET
cblr-8629	88	37	market	market	NOUN
cblr-8629	88	38	index	index	NOUN
cblr-8629	88	39	earned	earn	VERB
cblr-8629	88	40	an	an	DET
cblr-8629	88	41	annual	annual	ADJ
cblr-8629	88	42	return	return	NOUN
cblr-8629	88	43	of	of	ADP
cblr-8629	88	44	14.98	14.98	NUM
cblr-8629	88	45	%	%	NOUN
cblr-8629	88	46	with	with	ADP
cblr-8629	88	47	a	a	DET
cblr-8629	88	48	standard	standard	ADJ
cblr-8629	88	49	deviation	deviation	NOUN
cblr-8629	88	50	of	of	ADP
cblr-8629	88	51	12.98	12.98	NUM
cblr-8629	88	52	%	%	NOUN
cblr-8629	88	53	.	.	PUNCT
cblr-8629	89	1	the	the	DET
cblr-8629	89	2	dual	dual	ADJ
cblr-8629	89	3	index	index	NOUN
cblr-8629	89	4	performance	performance	NOUN
cblr-8629	89	5	corresponds	correspond	VERB
cblr-8629	89	6	to	to	ADP
cblr-8629	89	7	a	a	DET
cblr-8629	89	8	monthly	monthly	ADJ
cblr-8629	89	9	multi	multi	ADJ
cblr-8629	89	10	-	-	ADJ
cblr-8629	89	11	factor	factor	NOUN
cblr-8629	89	12	alpha	alpha	NOUN
cblr-8629	89	13	of	of	ADP
cblr-8629	89	14	thirty	thirty	NUM
cblr-8629	89	15	-	-	PUNCT
cblr-8629	89	16	one	one	NUM
cblr-8629	89	17	basis	basis	NOUN
cblr-8629	89	18	points	point	NOUN
cblr-8629	89	19	.	.	PUNCT
cblr-8629	90	1	we	we	PRON
cblr-8629	90	2	modify	modify	VERB
cblr-8629	90	3	the	the	DET
cblr-8629	90	4	dual	dual	ADJ
cblr-8629	90	5	index	index	NOUN
cblr-8629	90	6	by	by	ADP
cblr-8629	90	7	implementing	implement	VERB
cblr-8629	90	8	synthetic	synthetic	ADJ
cblr-8629	90	9	sunsets	sunset	NOUN
cblr-8629	90	10	to	to	PART
cblr-8629	90	11	provide	provide	VERB
cblr-8629	90	12	evidence	evidence	NOUN
cblr-8629	90	13	on	on	ADP
cblr-8629	90	14	the	the	DET
cblr-8629	90	15	appropriate	appropriate	ADJ
cblr-8629	90	16	length	length	NOUN
cblr-8629	90	17	of	of	ADP
cblr-8629	90	18	a	a	DET
cblr-8629	90	19	time	time	NOUN
cblr-8629	90	20	-	-	PUNCT
cblr-8629	90	21	based	base	VERB
cblr-8629	90	22	sunset	sunset	NOUN
cblr-8629	90	23	provision	provision	NOUN
cblr-8629	90	24	.	.	PUNCT
cblr-8629	91	1	our	our	PRON
cblr-8629	91	2	results	result	NOUN
cblr-8629	91	3	highlight	highlight	VERB
cblr-8629	91	4	that	that	DET
cblr-8629	91	5	value	value	NOUN
cblr-8629	91	6	creation	creation	NOUN
cblr-8629	91	7	in	in	ADP
cblr-8629	91	8	the	the	DET
cblr-8629	91	9	dual	dual	ADJ
cblr-8629	91	10	index	index	NOUN
cblr-8629	91	11	occurs	occur	VERB
cblr-8629	91	12	to	to	ADP
cblr-8629	91	13	a	a	DET
cblr-8629	91	14	greater	great	ADJ
cblr-8629	91	15	extent	extent	NOUN
cblr-8629	91	16	in	in	ADP
cblr-8629	91	17	the	the	DET
cblr-8629	91	18	early	early	ADJ
cblr-8629	91	19	years	year	NOUN
cblr-8629	91	20	after	after	ADP
cblr-8629	91	21	a	a	DET
cblr-8629	91	22	dual	dual	ADJ
cblr-8629	91	23	class	class	NOUN
cblr-8629	91	24	firm	firm	NOUN
cblr-8629	91	25	’s	’s	PART
cblr-8629	91	26	ipo	ipo	NOUN
cblr-8629	91	27	.	.	PUNCT
cblr-8629	92	1	we	we	PRON
cblr-8629	92	2	expand	expand	VERB
cblr-8629	92	3	our	our	PRON
cblr-8629	92	4	analysis	analysis	NOUN
cblr-8629	92	5	of	of	ADP
cblr-8629	92	6	synthetic	synthetic	ADJ
cblr-8629	92	7	governance	governance	NOUN
cblr-8629	92	8	with	with	ADP
cblr-8629	92	9	a	a	DET
cblr-8629	92	10	second	second	ADJ
cblr-8629	92	11	index	index	NOUN
cblr-8629	92	12	—	—	PUNCT
cblr-8629	92	13	the	the	DET
cblr-8629	92	14	split	split	ADJ
cblr-8629	92	15	index	index	NOUN
cblr-8629	92	16	—	—	PUNCT
cblr-8629	92	17	which	which	PRON
cblr-8629	92	18	tests	test	VERB
cblr-8629	92	19	the	the	DET
cblr-8629	92	20	effect	effect	NOUN
cblr-8629	92	21	of	of	ADP
cblr-8629	92	22	separating	separate	VERB
cblr-8629	92	23	the	the	DET
cblr-8629	92	24	positions	position	NOUN
cblr-8629	92	25	of	of	ADP
cblr-8629	92	26	ceo	ceo	NOUN
cblr-8629	92	27	and	and	CCONJ
cblr-8629	92	28	chairman	chairman	NOUN
cblr-8629	92	29	of	of	ADP
cblr-8629	92	30	the	the	DET
cblr-8629	92	31	board	board	NOUN
cblr-8629	92	32	.	.	PUNCT
cblr-8629	93	1	we	we	PRON
cblr-8629	93	2	find	find	VERB
cblr-8629	93	3	that	that	SCONJ
cblr-8629	93	4	the	the	DET
cblr-8629	93	5	split	split	ADJ
cblr-8629	93	6	index	index	NOUN
cblr-8629	93	7	outperforms	outperform	VERB
cblr-8629	93	8	the	the	DET
cblr-8629	93	9	market	market	NOUN
cblr-8629	93	10	as	as	ADV
cblr-8629	93	11	well	well	ADV
cblr-8629	93	12	.	.	PUNCT
cblr-8629	94	1	our	our	PRON
cblr-8629	94	2	findings	finding	NOUN
cblr-8629	94	3	support	support	VERB
cblr-8629	94	4	our	our	PRON
cblr-8629	94	5	thesis	thesis	NOUN
cblr-8629	94	6	that	that	SCONJ
cblr-8629	94	7	synthetic	synthetic	ADJ
cblr-8629	94	8	governance	governance	NOUN
cblr-8629	94	9	can	can	AUX
cblr-8629	94	10	be	be	AUX
cblr-8629	94	11	used	use	VERB
cblr-8629	94	12	to	to	PART
cblr-8629	94	13	generate	generate	VERB
cblr-8629	94	14	excess	excess	ADJ
cblr-8629	94	15	returns	return	NOUN
cblr-8629	94	16	.	.	PUNCT
cblr-8629	95	1	they	they	PRON
cblr-8629	95	2	also	also	ADV
cblr-8629	95	3	highlight	highlight	VERB
cblr-8629	95	4	the	the	DET
cblr-8629	95	5	importance	importance	NOUN
cblr-8629	95	6	of	of	ADP
cblr-8629	95	7	securities	security	NOUN
cblr-8629	95	8	market	market	NOUN
cblr-8629	95	9	innovation	innovation	NOUN
cblr-8629	95	10	as	as	ADP
cblr-8629	95	11	a	a	DET
cblr-8629	95	12	response	response	NOUN
cblr-8629	95	13	to	to	ADP
cblr-8629	95	14	changing	change	VERB
cblr-8629	95	15	firm	firm	ADJ
cblr-8629	95	16	structures	structure	NOUN
cblr-8629	95	17	and	and	CCONJ
cblr-8629	95	18	governance	governance	NOUN
cblr-8629	95	19	norms	norm	NOUN
cblr-8629	95	20	.	.	PUNCT
cblr-8629	96	1	the	the	DET
cblr-8629	96	2	performance	performance	NOUN
cblr-8629	96	3	of	of	ADP
cblr-8629	96	4	both	both	CCONJ
cblr-8629	96	5	the	the	DET
cblr-8629	96	6	dual	dual	ADJ
cblr-8629	96	7	index	index	NOUN
cblr-8629	96	8	and	and	CCONJ
cblr-8629	96	9	the	the	DET
cblr-8629	96	10	split	split	ADJ
cblr-8629	96	11	index	index	NOUN
cblr-8629	96	12	run	run	VERB
cblr-8629	96	13	contrary	contrary	ADV
cblr-8629	96	14	to	to	ADP
cblr-8629	96	15	conventional	conventional	ADJ
cblr-8629	96	16	wisdom	wisdom	NOUN
cblr-8629	96	17	about	about	ADP
cblr-8629	96	18	“	"	PUNCT
cblr-8629	96	19	best	good	ADJ
cblr-8629	96	20	practices	practice	NOUN
cblr-8629	96	21	”	"	PUNCT
cblr-8629	96	22	in	in	ADP
cblr-8629	96	23	corporate	corporate	ADJ
cblr-8629	96	24	governance	governance	NOUN
cblr-8629	96	25	.	.	PUNCT
cblr-8629	97	1	although	although	SCONJ
cblr-8629	97	2	regulators	regulator	NOUN
cblr-8629	97	3	have	have	AUX
cblr-8629	97	4	raised	raise	VERB
cblr-8629	97	5	concerns	concern	NOUN
cblr-8629	97	6	about	about	ADP
cblr-8629	97	7	the	the	DET
cblr-8629	97	8	potential	potential	ADJ
cblr-8629	97	9	complexity	complexity	NOUN
cblr-8629	97	10	and	and	CCONJ
cblr-8629	97	11	opacity	opacity	NOUN
cblr-8629	97	12	of	of	ADP
cblr-8629	97	13	new	new	ADJ
cblr-8629	97	14	market	market	NOUN
cblr-8629	97	15	products,17	products,17	NOUN
cblr-8629	97	16	these	these	DET
cblr-8629	97	17	products	product	NOUN
cblr-8629	97	18	demonstrate	demonstrate	VERB
cblr-8629	97	19	the	the	DET
cblr-8629	97	20	continuing	continue	VERB
cblr-8629	97	21	effectiveness	effectiveness	NOUN
cblr-8629	97	22	of	of	ADP
cblr-8629	97	23	the	the	DET
cblr-8629	97	24	market	market	NOUN
cblr-8629	97	25	as	as	ADP
cblr-8629	97	26	an	an	DET
cblr-8629	97	27	alternative	alternative	NOUN
cblr-8629	97	28	to	to	ADP
cblr-8629	97	29	one	one	NUM
cblr-8629	97	30	-	-	PUNCT
cblr-8629	97	31	size	size	NOUN
cblr-8629	97	32	-	-	PUNCT
cblr-8629	97	33	fits	fit	VERB
cblr-8629	97	34	-	-	PUNCT
cblr-8629	97	35	all	all	PRON
cblr-8629	97	36	investment	investment	NOUN
cblr-8629	97	37	and	and	CCONJ
cblr-8629	97	38	governance	governance	NOUN
cblr-8629	97	39	practices	practice	NOUN
cblr-8629	97	40	in	in	ADP
cblr-8629	97	41	an	an	DET
cblr-8629	97	42	evolving	evolve	VERB
cblr-8629	97	43	economy	economy	NOUN
cblr-8629	97	44	.	.	PUNCT
cblr-8629	98	1	17	17	NUM
cblr-8629	98	2	see	see	VERB
cblr-8629	98	3	press	press	NOUN
cblr-8629	98	4	release	release	NOUN
cblr-8629	98	5	,	,	PUNCT
cblr-8629	98	6	jay	jay	PROPN
cblr-8629	98	7	clayton	clayton	PROPN
cblr-8629	98	8	,	,	PUNCT
cblr-8629	98	9	chairman	chairman	NOUN
cblr-8629	98	10	,	,	PUNCT
cblr-8629	98	11	u.s	u.s	PROPN
cblr-8629	98	12	.	.	PROPN
cblr-8629	98	13	sec	sec	PROPN
cblr-8629	98	14	.	.	PROPN
cblr-8629	98	15	&	&	CCONJ
cblr-8629	98	16	exch	exch	PROPN
cblr-8629	98	17	.	.	PUNCT
cblr-8629	99	1	comm’n	comm’n	PROPN
cblr-8629	99	2	,	,	PUNCT
cblr-8629	99	3	dalia	dalia	PROPN
cblr-8629	99	4	blass	blass	PROPN
cblr-8629	99	5	,	,	PUNCT
cblr-8629	99	6	dir	dir	PROPN
cblr-8629	99	7	.	.	PROPN
cblr-8629	99	8	,	,	PUNCT
cblr-8629	99	9	div	div	PROPN
cblr-8629	99	10	.	.	PUNCT
cblr-8629	100	1	of	of	ADP
cblr-8629	100	2	inv	inv	PROPN
cblr-8629	100	3	.	.	PUNCT
cblr-8629	101	1	mgmt	mgmt	PROPN
cblr-8629	101	2	.	.	PROPN
cblr-8629	101	3	,	,	PUNCT
cblr-8629	101	4	u.s	u.s	PROPN
cblr-8629	101	5	.	.	PROPN
cblr-8629	101	6	sec	sec	PROPN
cblr-8629	101	7	.	.	PROPN
cblr-8629	101	8	&	&	CCONJ
cblr-8629	101	9	exch	exch	PROPN
cblr-8629	101	10	.	.	PUNCT
cblr-8629	102	1	comm’n	comm’n	PROPN
cblr-8629	102	2	,	,	PUNCT
cblr-8629	102	3	william	william	PROPN
cblr-8629	102	4	hinman	hinman	PROPN
cblr-8629	102	5	,	,	PUNCT
cblr-8629	102	6	dir	dir	PROPN
cblr-8629	102	7	.	.	PROPN
cblr-8629	102	8	,	,	PUNCT
cblr-8629	102	9	div	div	PROPN
cblr-8629	102	10	.	.	PROPN
cblr-8629	102	11	of	of	ADP
cblr-8629	102	12	corp	corp	PROPN
cblr-8629	102	13	.	.	PROPN
cblr-8629	102	14	fin	fin	PROPN
cblr-8629	102	15	.	.	PUNCT
cblr-8629	102	16	,	,	PUNCT
cblr-8629	102	17	u.s	u.s	PROPN
cblr-8629	102	18	.	.	PROPN
cblr-8629	102	19	sec	sec	PROPN
cblr-8629	102	20	.	.	PROPN
cblr-8629	102	21	&	&	CCONJ
cblr-8629	102	22	exch	exch	PROPN
cblr-8629	102	23	.	.	PUNCT
cblr-8629	103	1	comm’n	comm’n	PROPN
cblr-8629	103	2	&	&	CCONJ
cblr-8629	103	3	brett	brett	PROPN
cblr-8629	103	4	redfearn	redfearn	PROPN
cblr-8629	103	5	,	,	PUNCT
cblr-8629	103	6	dir	dir	PROPN
cblr-8629	103	7	.	.	PROPN
cblr-8629	103	8	,	,	PUNCT
cblr-8629	103	9	div	div	PROPN
cblr-8629	103	10	.	.	PROPN
cblr-8629	103	11	of	of	ADP
cblr-8629	103	12	trading	trading	NOUN
cblr-8629	103	13	&	&	CCONJ
cblr-8629	103	14	mkts	mkts	NOUN
cblr-8629	103	15	.	.	PROPN
cblr-8629	103	16	,	,	PUNCT
cblr-8629	103	17	u.s	u.s	PROPN
cblr-8629	103	18	.	.	PROPN
cblr-8629	103	19	sec	sec	PROPN
cblr-8629	103	20	.	.	PROPN
cblr-8629	103	21	&	&	CCONJ
cblr-8629	103	22	exch	exch	PROPN
cblr-8629	103	23	.	.	PUNCT
cblr-8629	104	1	comm’n	comm’n	PROPN
cblr-8629	104	2	,	,	PUNCT
cblr-8629	104	3	joint	joint	ADJ
cblr-8629	104	4	statement	statement	NOUN
cblr-8629	104	5	regarding	regard	VERB
cblr-8629	104	6	complex	complex	ADJ
cblr-8629	104	7	financial	financial	ADJ
cblr-8629	104	8	products	product	NOUN
cblr-8629	104	9	and	and	CCONJ
cblr-8629	104	10	retail	retail	ADJ
cblr-8629	104	11	investors	investor	NOUN
cblr-8629	104	12	(	(	PUNCT
cblr-8629	104	13	oct	oct	PROPN
cblr-8629	104	14	.	.	PROPN
cblr-8629	104	15	28	28	NUM
cblr-8629	104	16	,	,	PUNCT
cblr-8629	104	17	2020	2020	NUM
cblr-8629	104	18	)	)	PUNCT
cblr-8629	104	19	,	,	PUNCT
cblr-8629	104	20	https://www.sec.gov/news/public-statement/clayton-blasshinman-redfearn-complex-financial-products-2020-10-28	https://www.sec.gov/news/public-statement/clayton-blasshinman-redfearn-complex-financial-products-2020-10-28	VERB
cblr-8629	105	1	[	[	X
cblr-8629	105	2	https://perma.cc/9yn2-c8mj	https://perma.cc/9yn2-c8mj	X
cblr-8629	105	3	]	]	PUNCT
cblr-8629	105	4	(	(	PUNCT
cblr-8629	105	5	noting	note	VERB
cblr-8629	105	6	the	the	DET
cblr-8629	105	7	“	"	PUNCT
cblr-8629	105	8	increasing	increase	VERB
cblr-8629	105	9	number	number	NOUN
cblr-8629	105	10	and	and	CCONJ
cblr-8629	105	11	type	type	NOUN
cblr-8629	105	12	of	of	ADP
cblr-8629	105	13	investment	investment	NOUN
cblr-8629	105	14	products	product	NOUN
cblr-8629	105	15	that	that	PRON
cblr-8629	105	16	are	be	AUX
cblr-8629	105	17	more	more	ADV
cblr-8629	105	18	complex	complex	ADJ
cblr-8629	105	19	than	than	ADP
cblr-8629	105	20	conventional	conventional	ADJ
cblr-8629	105	21	stock	stock	NOUN
cblr-8629	105	22	and	and	CCONJ
cblr-8629	105	23	bond	bond	NOUN
cblr-8629	105	24	investments	investment	NOUN
cblr-8629	105	25	”	"	PUNCT
cblr-8629	105	26	and	and	CCONJ
cblr-8629	105	27	warning	warning	NOUN
cblr-8629	105	28	of	of	ADP
cblr-8629	105	29	the	the	DET
cblr-8629	105	30	risks	risk	NOUN
cblr-8629	105	31	that	that	PRON
cblr-8629	105	32	such	such	ADJ
cblr-8629	105	33	products	product	NOUN
cblr-8629	105	34	pose	pose	VERB
cblr-8629	105	35	for	for	ADP
cblr-8629	105	36	retail	retail	ADJ
cblr-8629	105	37	investors	investor	NOUN
cblr-8629	105	38	)	)	PUNCT
cblr-8629	105	39	.	.	PUNCT
cblr-8629	106	1	ahn	ahn	PROPN
cblr-8629	106	2	et	et	PROPN
cblr-8629	106	3	al	al	PROPN
cblr-8629	106	4	.	.	PROPN
cblr-8629	107	1	8/20/2021	8/20/2021	NUM
cblr-8629	107	2	6:14	6:14	NUM
cblr-8629	107	3	pm	pm	NOUN
cblr-8629	107	4	no	no	NOUN
cblr-8629	107	5	.	.	PUNCT
cblr-8629	108	1	2:476	2:476	NUM
cblr-8629	108	2	]	]	X
cblr-8629	108	3	synthetic	synthetic	ADJ
cblr-8629	108	4	governance	governance	NOUN
cblr-8629	108	5	483	483	NUM
cblr-8629	108	6	ii	ii	NOUN
cblr-8629	108	7	.	.	PUNCT
cblr-8629	109	1	the	the	DET
cblr-8629	109	2	debate	debate	NOUN
cblr-8629	109	3	over	over	ADP
cblr-8629	109	4	corporate	corporate	ADJ
cblr-8629	109	5	governance	governance	NOUN
cblr-8629	109	6	corporate	corporate	ADJ
cblr-8629	109	7	governance	governance	NOUN
cblr-8629	109	8	is	be	AUX
cblr-8629	109	9	generally	generally	ADV
cblr-8629	109	10	understood	understand	VERB
cblr-8629	109	11	to	to	ADP
cblr-8629	109	12	concern	concern	VERB
cblr-8629	109	13	the	the	DET
cblr-8629	109	14	provisions	provision	NOUN
cblr-8629	109	15	within	within	ADP
cblr-8629	109	16	a	a	DET
cblr-8629	109	17	corporation	corporation	NOUN
cblr-8629	109	18	that	that	PRON
cblr-8629	109	19	enhance	enhance	VERB
cblr-8629	109	20	management	management	NOUN
cblr-8629	109	21	accountability	accountability	NOUN
cblr-8629	109	22	to	to	ADP
cblr-8629	109	23	shareholders	shareholder	NOUN
cblr-8629	109	24	and	and	CCONJ
cblr-8629	109	25	reduce	reduce	VERB
cblr-8629	109	26	the	the	DET
cblr-8629	109	27	potential	potential	NOUN
cblr-8629	109	28	for	for	ADP
cblr-8629	109	29	managerial	managerial	ADJ
cblr-8629	109	30	agency	agency	NOUN
cblr-8629	109	31	costs.18	costs.18	VERB
cblr-8629	109	32	corporate	corporate	ADJ
cblr-8629	109	33	governance	governance	NOUN
cblr-8629	109	34	(	(	PUNCT
cblr-8629	109	35	as	as	SCONJ
cblr-8629	109	36	opposed	oppose	VERB
cblr-8629	109	37	to	to	ADP
cblr-8629	109	38	corporate	corporate	ADJ
cblr-8629	109	39	law	law	NOUN
cblr-8629	109	40	)	)	PUNCT
cblr-8629	109	41	focuses	focus	VERB
cblr-8629	109	42	on	on	ADP
cblr-8629	109	43	the	the	DET
cblr-8629	109	44	internal	internal	ADJ
cblr-8629	109	45	structures	structure	NOUN
cblr-8629	109	46	of	of	ADP
cblr-8629	109	47	the	the	DET
cblr-8629	109	48	corporation	corporation	NOUN
cblr-8629	109	49	and	and	CCONJ
cblr-8629	109	50	on	on	ADP
cblr-8629	109	51	firm	firm	ADJ
cblr-8629	109	52	-	-	PUNCT
cblr-8629	109	53	specific	specific	ADJ
cblr-8629	109	54	choices	choice	NOUN
cblr-8629	109	55	among	among	ADP
cblr-8629	109	56	legally	legally	ADV
cblr-8629	109	57	permissible	permissible	ADJ
cblr-8629	109	58	structures.19	structures.19	PRON
cblr-8629	109	59	common	common	ADJ
cblr-8629	109	60	elements	element	NOUN
cblr-8629	109	61	of	of	ADP
cblr-8629	109	62	corporate	corporate	ADJ
cblr-8629	109	63	governance	governance	NOUN
cblr-8629	109	64	include	include	VERB
cblr-8629	109	65	board	board	NOUN
cblr-8629	109	66	size	size	NOUN
cblr-8629	109	67	and	and	CCONJ
cblr-8629	109	68	composition	composition	NOUN
cblr-8629	109	69	,	,	PUNCT
cblr-8629	109	70	shareholder	shareholder	NOUN
cblr-8629	109	71	rights	right	NOUN
cblr-8629	109	72	and	and	CCONJ
cblr-8629	109	73	the	the	DET
cblr-8629	109	74	balance	balance	NOUN
cblr-8629	109	75	of	of	ADP
cblr-8629	109	76	power	power	NOUN
cblr-8629	109	77	between	between	ADP
cblr-8629	109	78	shareholders	shareholder	NOUN
cblr-8629	109	79	and	and	CCONJ
cblr-8629	109	80	directors	director	NOUN
cblr-8629	109	81	,	,	PUNCT
cblr-8629	109	82	and	and	CCONJ
cblr-8629	109	83	,	,	PUNCT
cblr-8629	109	84	in	in	ADP
cblr-8629	109	85	some	some	DET
cblr-8629	109	86	jurisdictions	jurisdiction	NOUN
cblr-8629	109	87	,	,	PUNCT
cblr-8629	109	88	the	the	DET
cblr-8629	109	89	role	role	NOUN
cblr-8629	109	90	of	of	ADP
cblr-8629	109	91	nonshareholder	nonshareholder	NOUN
cblr-8629	109	92	stakeholders.20	stakeholders.20	PROPN
cblr-8629	109	93	a	a	DET
cblr-8629	109	94	variety	variety	NOUN
cblr-8629	109	95	of	of	ADP
cblr-8629	109	96	specific	specific	ADJ
cblr-8629	109	97	provisions	provision	NOUN
cblr-8629	109	98	fall	fall	VERB
cblr-8629	109	99	within	within	ADP
cblr-8629	109	100	this	this	DET
cblr-8629	109	101	general	general	ADJ
cblr-8629	109	102	framework	framework	NOUN
cblr-8629	109	103	,	,	PUNCT
cblr-8629	109	104	such	such	ADJ
cblr-8629	109	105	as	as	ADP
cblr-8629	109	106	the	the	DET
cblr-8629	109	107	proportion	proportion	NOUN
cblr-8629	109	108	of	of	ADP
cblr-8629	109	109	independent	independent	ADJ
cblr-8629	109	110	directors	director	NOUN
cblr-8629	109	111	on	on	ADP
cblr-8629	109	112	the	the	DET
cblr-8629	109	113	board	board	NOUN
cblr-8629	109	114	,	,	PUNCT
cblr-8629	109	115	whether	whether	SCONJ
cblr-8629	109	116	the	the	DET
cblr-8629	109	117	board	board	NOUN
cblr-8629	109	118	is	be	AUX
cblr-8629	109	119	classified	classified	ADJ
cblr-8629	109	120	or	or	CCONJ
cblr-8629	109	121	subject	subject	ADJ
cblr-8629	109	122	to	to	ADP
cblr-8629	109	123	election	election	NOUN
cblr-8629	109	124	annually	annually	ADV
cblr-8629	109	125	,	,	PUNCT
cblr-8629	109	126	and	and	CCONJ
cblr-8629	109	127	the	the	DET
cblr-8629	109	128	ability	ability	NOUN
cblr-8629	109	129	of	of	ADP
cblr-8629	109	130	shareholders	shareholder	NOUN
cblr-8629	109	131	to	to	PART
cblr-8629	109	132	influence	influence	VERB
cblr-8629	109	133	board	board	NOUN
cblr-8629	109	134	composition	composition	NOUN
cblr-8629	109	135	and	and	CCONJ
cblr-8629	109	136	corporate	corporate	ADJ
cblr-8629	109	137	operations	operation	NOUN
cblr-8629	109	138	through	through	ADP
cblr-8629	109	139	the	the	DET
cblr-8629	109	140	power	power	NOUN
cblr-8629	109	141	to	to	PART
cblr-8629	109	142	nominate	nominate	VERB
cblr-8629	109	143	director	director	NOUN
cblr-8629	109	144	18	18	NUM
cblr-8629	109	145	see	see	NOUN
cblr-8629	109	146	,	,	PUNCT
cblr-8629	109	147	e.g.	e.g.	ADV
cblr-8629	109	148	,	,	PUNCT
cblr-8629	109	149	andrei	andrei	PROPN
cblr-8629	109	150	shleifer	shleifer	PROPN
cblr-8629	109	151	&	&	CCONJ
cblr-8629	109	152	robert	robert	PROPN
cblr-8629	109	153	w.	w.	PROPN
cblr-8629	109	154	vishny	vishny	PROPN
cblr-8629	109	155	,	,	PUNCT
cblr-8629	109	156	a	a	DET
cblr-8629	109	157	survey	survey	NOUN
cblr-8629	109	158	of	of	ADP
cblr-8629	109	159	corporate	corporate	ADJ
cblr-8629	109	160	governance	governance	NOUN
cblr-8629	109	161	,	,	PUNCT
cblr-8629	109	162	52	52	NUM
cblr-8629	109	163	j.	j.	PROPN
cblr-8629	109	164	fin	fin	PROPN
cblr-8629	109	165	.	.	PUNCT
cblr-8629	110	1	737	737	NUM
cblr-8629	110	2	,	,	PUNCT
cblr-8629	110	3	740–41	740–41	NUM
cblr-8629	110	4	(	(	PUNCT
cblr-8629	110	5	1997	1997	NUM
cblr-8629	110	6	)	)	PUNCT
cblr-8629	110	7	(	(	PUNCT
cblr-8629	110	8	explaining	explain	VERB
cblr-8629	110	9	that	that	SCONJ
cblr-8629	110	10	corporate	corporate	ADJ
cblr-8629	110	11	governance	governance	NOUN
cblr-8629	110	12	seeks	seek	VERB
cblr-8629	110	13	to	to	PART
cblr-8629	110	14	answer	answer	VERB
cblr-8629	110	15	the	the	DET
cblr-8629	110	16	question	question	NOUN
cblr-8629	110	17	:	:	PUNCT
cblr-8629	110	18	“	"	PUNCT
cblr-8629	110	19	[	[	X
cblr-8629	110	20	h]ow	h]ow	PROPN
cblr-8629	110	21	can	can	AUX
cblr-8629	110	22	financiers	financier	NOUN
cblr-8629	110	23	be	be	AUX
cblr-8629	110	24	sure	sure	ADJ
cblr-8629	110	25	that	that	SCONJ
cblr-8629	110	26	,	,	PUNCT
cblr-8629	110	27	once	once	SCONJ
cblr-8629	110	28	they	they	PRON
cblr-8629	110	29	sink	sink	VERB
cblr-8629	110	30	their	their	PRON
cblr-8629	110	31	funds	fund	NOUN
cblr-8629	110	32	[	[	X
cblr-8629	110	33	into	into	ADP
cblr-8629	110	34	a	a	DET
cblr-8629	110	35	firm	firm	NOUN
cblr-8629	110	36	]	]	PUNCT
cblr-8629	110	37	,	,	PUNCT
cblr-8629	110	38	they	they	PRON
cblr-8629	110	39	get	get	VERB
cblr-8629	110	40	anything	anything	PRON
cblr-8629	110	41	but	but	SCONJ
cblr-8629	110	42	a	a	DET
cblr-8629	110	43	worthless	worthless	ADJ
cblr-8629	110	44	piece	piece	NOUN
cblr-8629	110	45	of	of	ADP
cblr-8629	110	46	paper	paper	NOUN
cblr-8629	110	47	back	back	ADV
cblr-8629	110	48	from	from	ADP
cblr-8629	110	49	the	the	DET
cblr-8629	110	50	manager	manager	NOUN
cblr-8629	110	51	?	?	PUNCT
cblr-8629	110	52	”	"	PUNCT
cblr-8629	110	53	)	)	PUNCT
cblr-8629	110	54	;	;	PUNCT
cblr-8629	110	55	edward	edward	PROPN
cblr-8629	110	56	b.	b.	PROPN
cblr-8629	110	57	rock	rock	PROPN
cblr-8629	110	58	,	,	PUNCT
cblr-8629	110	59	america	america	PROPN
cblr-8629	110	60	’s	’s	PART
cblr-8629	110	61	shifting	shift	VERB
cblr-8629	110	62	fascination	fascination	NOUN
cblr-8629	110	63	with	with	ADP
cblr-8629	110	64	comparative	comparative	ADJ
cblr-8629	110	65	corporate	corporate	ADJ
cblr-8629	110	66	governance	governance	NOUN
cblr-8629	110	67	,	,	PUNCT
cblr-8629	110	68	74	74	NUM
cblr-8629	110	69	wash	wash	NOUN
cblr-8629	110	70	.	.	PUNCT
cblr-8629	111	1	u.	u.	PROPN
cblr-8629	111	2	l.q	l.q	PROPN
cblr-8629	111	3	.	.	PROPN
cblr-8629	111	4	367	367	NUM
cblr-8629	111	5	,	,	PUNCT
cblr-8629	111	6	389	389	NUM
cblr-8629	111	7	(	(	PUNCT
cblr-8629	111	8	1996	1996	NUM
cblr-8629	111	9	)	)	PUNCT
cblr-8629	112	1	(	(	PUNCT
cblr-8629	112	2	describing	describe	VERB
cblr-8629	112	3	a	a	DET
cblr-8629	112	4	common	common	ADJ
cblr-8629	112	5	focus	focus	NOUN
cblr-8629	112	6	of	of	ADP
cblr-8629	112	7	corporate	corporate	ADJ
cblr-8629	112	8	governance	governance	NOUN
cblr-8629	112	9	as	as	ADP
cblr-8629	112	10	“	"	PUNCT
cblr-8629	112	11	the	the	DET
cblr-8629	112	12	question	question	NOUN
cblr-8629	112	13	of	of	ADP
cblr-8629	112	14	how	how	SCONJ
cblr-8629	112	15	we	we	PRON
cblr-8629	112	16	can	can	AUX
cblr-8629	112	17	make	make	VERB
cblr-8629	112	18	managers	manager	NOUN
cblr-8629	112	19	sufficiently	sufficiently	ADV
cblr-8629	112	20	accountable	accountable	ADJ
cblr-8629	112	21	so	so	SCONJ
cblr-8629	112	22	that	that	SCONJ
cblr-8629	112	23	they	they	PRON
cblr-8629	112	24	will	will	AUX
cblr-8629	112	25	manage	manage	VERB
cblr-8629	112	26	the	the	DET
cblr-8629	112	27	corporation	corporation	NOUN
cblr-8629	112	28	for	for	ADP
cblr-8629	112	29	the	the	DET
cblr-8629	112	30	shareholders	shareholder	NOUN
cblr-8629	112	31	”	"	PUNCT
cblr-8629	112	32	)	)	PUNCT
cblr-8629	112	33	.	.	PUNCT
cblr-8629	113	1	19	19	NUM
cblr-8629	113	2	see	see	VERB
cblr-8629	113	3	generally	generally	ADV
cblr-8629	113	4	brian	brian	PROPN
cblr-8629	113	5	r.	r.	PROPN
cblr-8629	113	6	cheffins	cheffins	PROPN
cblr-8629	113	7	,	,	PUNCT
cblr-8629	113	8	the	the	DET
cblr-8629	113	9	history	history	NOUN
cblr-8629	113	10	of	of	ADP
cblr-8629	113	11	corporate	corporate	ADJ
cblr-8629	113	12	governance	governance	NOUN
cblr-8629	113	13	,	,	PUNCT
cblr-8629	113	14	in	in	ADP
cblr-8629	113	15	the	the	DET
cblr-8629	113	16	oxford	oxford	PROPN
cblr-8629	113	17	handbook	handbook	NOUN
cblr-8629	113	18	of	of	ADP
cblr-8629	113	19	corporate	corporate	ADJ
cblr-8629	113	20	governance	governance	NOUN
cblr-8629	113	21	46	46	NUM
cblr-8629	113	22	(	(	PUNCT
cblr-8629	113	23	mike	mike	PROPN
cblr-8629	113	24	wright	wright	PROPN
cblr-8629	113	25	,	,	PUNCT
cblr-8629	113	26	donald	donald	PROPN
cblr-8629	113	27	s.	s.	PROPN
cblr-8629	113	28	siegel	siegel	PROPN
cblr-8629	113	29	,	,	PUNCT
cblr-8629	113	30	kevin	kevin	PROPN
cblr-8629	113	31	keasey	keasey	PROPN
cblr-8629	113	32	&	&	CCONJ
cblr-8629	113	33	igor	igor	PROPN
cblr-8629	113	34	filatotchev	filatotchev	PROPN
cblr-8629	113	35	eds	eds	PROPN
cblr-8629	113	36	.	.	PROPN
cblr-8629	113	37	,	,	PUNCT
cblr-8629	113	38	2013	2013	NUM
cblr-8629	113	39	)	)	PUNCT
cblr-8629	113	40	(	(	PUNCT
cblr-8629	113	41	detailing	detail	VERB
cblr-8629	113	42	the	the	DET
cblr-8629	113	43	evolution	evolution	NOUN
cblr-8629	113	44	and	and	CCONJ
cblr-8629	113	45	usage	usage	NOUN
cblr-8629	113	46	of	of	ADP
cblr-8629	113	47	the	the	DET
cblr-8629	113	48	term	term	NOUN
cblr-8629	113	49	“	"	PUNCT
cblr-8629	113	50	corporate	corporate	ADJ
cblr-8629	113	51	governance	governance	NOUN
cblr-8629	113	52	”	"	PUNCT
cblr-8629	113	53	)	)	PUNCT
cblr-8629	113	54	.	.	PUNCT
cblr-8629	114	1	20	20	NUM
cblr-8629	114	2	see	see	VERB
cblr-8629	114	3	generally	generally	ADV
cblr-8629	114	4	i	i	PRON
cblr-8629	114	5	d.	d.	PROPN
cblr-8629	114	6	for	for	ADP
cblr-8629	114	7	a	a	DET
cblr-8629	114	8	broad	broad	ADJ
cblr-8629	114	9	discussion	discussion	NOUN
cblr-8629	114	10	of	of	ADP
cblr-8629	114	11	corporate	corporate	ADJ
cblr-8629	114	12	governance	governance	NOUN
cblr-8629	114	13	principles	principle	NOUN
cblr-8629	114	14	and	and	CCONJ
cblr-8629	114	15	an	an	DET
cblr-8629	114	16	effort	effort	NOUN
cblr-8629	114	17	to	to	PART
cblr-8629	114	18	“	"	PUNCT
cblr-8629	114	19	identify	identify	VERB
cblr-8629	114	20	the	the	DET
cblr-8629	114	21	key	key	ADJ
cblr-8629	114	22	building	building	NOUN
cblr-8629	114	23	blocks	block	NOUN
cblr-8629	114	24	for	for	ADP
cblr-8629	114	25	a	a	DET
cblr-8629	114	26	sound	sound	ADJ
cblr-8629	114	27	corporate	corporate	ADJ
cblr-8629	114	28	governance	governance	NOUN
cblr-8629	114	29	framework	framework	NOUN
cblr-8629	114	30	,	,	PUNCT
cblr-8629	114	31	”	"	PUNCT
cblr-8629	114	32	see	see	VERB
cblr-8629	114	33	org	org	PROPN
cblr-8629	114	34	.	.	PUNCT
cblr-8629	115	1	for	for	ADP
cblr-8629	115	2	econ	econ	PROPN
cblr-8629	115	3	.	.	PUNCT
cblr-8629	115	4	coop	coop	PROPN
cblr-8629	115	5	.	.	PUNCT
cblr-8629	115	6	&	&	CCONJ
cblr-8629	115	7	dev	dev	PROPN
cblr-8629	115	8	.	.	PROPN
cblr-8629	115	9	,	,	PUNCT
cblr-8629	115	10	g20	g20	PROPN
cblr-8629	115	11	/	/	SYM
cblr-8629	115	12	oecd	oecd	PROPN
cblr-8629	115	13	principles	principle	NOUN
cblr-8629	115	14	of	of	ADP
cblr-8629	115	15	corporate	corporate	ADJ
cblr-8629	115	16	governance	governance	NOUN
cblr-8629	115	17	7–11	7–11	NOUN
cblr-8629	115	18	(	(	PUNCT
cblr-8629	115	19	2015	2015	NUM
cblr-8629	115	20	)	)	PUNCT
cblr-8629	115	21	,	,	PUNCT
cblr-8629	115	22	https://www.oecd-ilibrary.org/docserver/9789264236882en.pdf?expires=1617805953&id=id&accname=ocid177456&checksum=951	https://www.oecd-ilibrary.org/docserver/9789264236882en.pdf?expires=1617805953&id=id&accname=ocid177456&checksum=951	ADJ
cblr-8629	115	23	917299644d4b2329cec0e7d2246c3	917299644d4b2329cec0e7d2246c3	NUM
cblr-8629	116	1	[	[	X
cblr-8629	116	2	https://perma.cc/f3s3-b73n	https://perma.cc/f3s3-b73n	X
cblr-8629	116	3	]	]	X
cblr-8629	116	4	.	.	PUNCT
cblr-8629	117	1	ahn	ahn	PROPN
cblr-8629	117	2	et	et	PROPN
cblr-8629	117	3	al	al	PROPN
cblr-8629	117	4	.	.	PROPN
cblr-8629	118	1	8/20/2021	8/20/2021	NUM
cblr-8629	118	2	6:14	6:14	NUM
cblr-8629	118	3	pm	pm	NOUN
cblr-8629	118	4	484	484	NUM
cblr-8629	118	5	columbia	columbia	PROPN
cblr-8629	118	6	business	business	NOUN
cblr-8629	118	7	law	law	PROPN
cblr-8629	118	8	review	review	NOUN
cblr-8629	118	9	[	[	X
cblr-8629	118	10	vol	vol	NOUN
cblr-8629	118	11	.	.	NOUN
cblr-8629	118	12	2021	2021	NUM
cblr-8629	118	13	candidates	candidate	NOUN
cblr-8629	118	14	,	,	PUNCT
cblr-8629	118	15	call	call	VERB
cblr-8629	118	16	special	special	ADJ
cblr-8629	118	17	meetings	meeting	NOUN
cblr-8629	118	18	,	,	PUNCT
cblr-8629	118	19	and	and	CCONJ
cblr-8629	118	20	act	act	VERB
cblr-8629	118	21	through	through	ADP
cblr-8629	118	22	written	write	VERB
cblr-8629	118	23	consents.21	consents.21	PROPN
cblr-8629	118	24	the	the	DET
cblr-8629	118	25	question	question	NOUN
cblr-8629	118	26	of	of	ADP
cblr-8629	118	27	what	what	PRON
cblr-8629	118	28	constitutes	constitute	VERB
cblr-8629	118	29	“	"	PUNCT
cblr-8629	118	30	good	good	ADJ
cblr-8629	118	31	corporate	corporate	ADJ
cblr-8629	118	32	governance	governance	NOUN
cblr-8629	118	33	”	"	PUNCT
cblr-8629	118	34	is	be	AUX
cblr-8629	118	35	polarizing	polarize	VERB
cblr-8629	118	36	.	.	PUNCT
cblr-8629	119	1	many	many	ADJ
cblr-8629	119	2	large	large	ADJ
cblr-8629	119	3	institutional	institutional	ADJ
cblr-8629	119	4	investors	investor	NOUN
cblr-8629	119	5	support	support	VERB
cblr-8629	119	6	governance	governance	NOUN
cblr-8629	119	7	mechanisms	mechanism	NOUN
cblr-8629	119	8	that	that	PRON
cblr-8629	119	9	increase	increase	VERB
cblr-8629	119	10	managerial	managerial	ADJ
cblr-8629	119	11	accountability	accountability	NOUN
cblr-8629	119	12	to	to	ADP
cblr-8629	119	13	shareholders	shareholder	NOUN
cblr-8629	119	14	and	and	CCONJ
cblr-8629	119	15	characterize	characterize	VERB
cblr-8629	119	16	mechanisms	mechanism	NOUN
cblr-8629	119	17	that	that	PRON
cblr-8629	119	18	insulate	insulate	VERB
cblr-8629	119	19	management	management	NOUN
cblr-8629	119	20	from	from	ADP
cblr-8629	119	21	shareholder	shareholder	NOUN
cblr-8629	119	22	interference	interference	NOUN
cblr-8629	119	23	as	as	ADP
cblr-8629	119	24	entrenchment.22	entrenchment.22	NOUN
cblr-8629	119	25	accordingly	accordingly	ADV
cblr-8629	119	26	,	,	PUNCT
cblr-8629	119	27	institutional	institutional	ADJ
cblr-8629	119	28	investors	investor	NOUN
cblr-8629	119	29	,	,	PUNCT
cblr-8629	119	30	proxy	proxy	ADJ
cblr-8629	119	31	advisory	advisory	ADJ
cblr-8629	119	32	firms	firm	NOUN
cblr-8629	119	33	,	,	PUNCT
cblr-8629	119	34	and	and	CCONJ
cblr-8629	119	35	other	other	ADJ
cblr-8629	119	36	participants	participant	NOUN
cblr-8629	119	37	in	in	ADP
cblr-8629	119	38	corporate	corporate	ADJ
cblr-8629	119	39	governance	governance	NOUN
cblr-8629	119	40	debates	debate	NOUN
cblr-8629	119	41	have	have	AUX
cblr-8629	119	42	developed	develop	VERB
cblr-8629	119	43	guidelines	guideline	NOUN
cblr-8629	119	44	of	of	ADP
cblr-8629	119	45	corporate	corporate	ADJ
cblr-8629	119	46	governance	governance	NOUN
cblr-8629	119	47	practices	practice	NOUN
cblr-8629	119	48	that	that	PRON
cblr-8629	119	49	emphasize	emphasize	VERB
cblr-8629	119	50	shareholder	shareholder	NOUN
cblr-8629	119	51	power.23	power.23	PROPN
cblr-8629	119	52	other	other	ADJ
cblr-8629	119	53	commentators	commentator	NOUN
cblr-8629	119	54	argue	argue	VERB
cblr-8629	119	55	that	that	SCONJ
cblr-8629	119	56	the	the	DET
cblr-8629	119	57	emphasis	emphasis	NOUN
cblr-8629	119	58	on	on	ADP
cblr-8629	119	59	shareholder	shareholder	NOUN
cblr-8629	119	60	democracy	democracy	NOUN
cblr-8629	119	61	sacrifices	sacrifice	VERB
cblr-8629	119	62	managerial	managerial	ADJ
cblr-8629	119	63	discretion	discretion	NOUN
cblr-8629	119	64	and	and	CCONJ
cblr-8629	119	65	creates	create	VERB
cblr-8629	119	66	the	the	DET
cblr-8629	119	67	risk	risk	NOUN
cblr-8629	119	68	of	of	ADP
cblr-8629	119	69	shareholder	shareholder	NOUN
cblr-8629	119	70	opportunism.24	opportunism.24	NOUN
cblr-8629	119	71	in	in	ADP
cblr-8629	119	72	addition	addition	NOUN
cblr-8629	119	73	,	,	PUNCT
cblr-8629	119	74	some	some	DET
cblr-8629	119	75	commentators	commentator	NOUN
cblr-8629	119	76	challenge	challenge	VERB
cblr-8629	119	77	the	the	DET
cblr-8629	119	78	notion	notion	NOUN
cblr-8629	119	79	that	that	SCONJ
cblr-8629	119	80	a	a	DET
cblr-8629	119	81	standard	standard	NOUN
cblr-8629	119	82	set	set	NOUN
cblr-8629	119	83	of	of	ADP
cblr-8629	119	84	good	good	ADJ
cblr-8629	119	85	governance	governance	NOUN
cblr-8629	119	86	practices	practice	NOUN
cblr-8629	119	87	exists	exist	VERB
cblr-8629	119	88	,	,	PUNCT
cblr-8629	119	89	arguing	argue	VERB
cblr-8629	119	90	instead	instead	ADV
cblr-8629	119	91	for	for	ADP
cblr-8629	119	92	firm	firm	ADJ
cblr-8629	119	93	-	-	PUNCT
cblr-8629	119	94	specific	specific	ADJ
cblr-8629	119	95	governance	governance	NOUN
cblr-8629	119	96	structures	structure	NOUN
cblr-8629	119	97	tailored	tailor	VERB
cblr-8629	119	98	to	to	ADP
cblr-8629	119	99	each	each	DET
cblr-8629	119	100	firm	firm	NOUN
cblr-8629	119	101	’s	’s	PART
cblr-8629	119	102	idiosyncratic	idiosyncratic	ADJ
cblr-8629	119	103	needs	need	NOUN
cblr-8629	119	104	and	and	CCONJ
cblr-8629	119	105	characteristics.25	characteristics.25	VERB
cblr-8629	119	106	in	in	ADP
cblr-8629	119	107	an	an	DET
cblr-8629	119	108	effort	effort	NOUN
cblr-8629	119	109	to	to	PART
cblr-8629	119	110	provide	provide	VERB
cblr-8629	119	111	empirical	empirical	ADJ
cblr-8629	119	112	support	support	NOUN
cblr-8629	119	113	for	for	ADP
cblr-8629	119	114	the	the	DET
cblr-8629	119	115	competing	compete	VERB
cblr-8629	119	116	calls	call	NOUN
cblr-8629	119	117	for	for	ADP
cblr-8629	119	118	regulatory	regulatory	ADJ
cblr-8629	119	119	reform	reform	NOUN
cblr-8629	119	120	or	or	CCONJ
cblr-8629	119	121	issuer	issuer	NOUN
cblr-8629	119	122	freedom	freedom	NOUN
cblr-8629	119	123	,	,	PUNCT
cblr-8629	119	124	scholars	scholar	NOUN
cblr-8629	119	125	have	have	AUX
cblr-8629	119	126	sought	seek	VERB
cblr-8629	119	127	to	to	PART
cblr-8629	119	128	evaluate	evaluate	VERB
cblr-8629	119	129	the	the	DET
cblr-8629	119	130	impact	impact	NOUN
cblr-8629	119	131	of	of	ADP
cblr-8629	119	132	corporate	corporate	ADJ
cblr-8629	119	133	governance	governance	NOUN
cblr-8629	119	134	both	both	CCONJ
cblr-8629	119	135	on	on	ADP
cblr-8629	119	136	21	21	NUM
cblr-8629	119	137	see	see	NOUN
cblr-8629	119	138	org	org	NOUN
cblr-8629	119	139	.	.	PUNCT
cblr-8629	120	1	for	for	ADP
cblr-8629	120	2	econ	econ	PROPN
cblr-8629	120	3	.	.	PUNCT
cblr-8629	120	4	coop	coop	PROPN
cblr-8629	120	5	.	.	PUNCT
cblr-8629	120	6	&	&	CCONJ
cblr-8629	120	7	dev	dev	PROPN
cblr-8629	120	8	.	.	PROPN
cblr-8629	120	9	,	,	PUNCT
cblr-8629	120	10	supra	supra	PROPN
cblr-8629	120	11	note	note	PROPN
cblr-8629	120	12	20	20	NUM
cblr-8629	120	13	,	,	PUNCT
cblr-8629	120	14	at	at	ADP
cblr-8629	120	15	21–23	21–23	NUM
cblr-8629	120	16	(	(	PUNCT
cblr-8629	120	17	discussing	discuss	VERB
cblr-8629	120	18	these	these	DET
cblr-8629	120	19	provisions	provision	NOUN
cblr-8629	120	20	)	)	PUNCT
cblr-8629	120	21	.	.	PUNCT
cblr-8629	121	1	22	22	NUM
cblr-8629	121	2	see	see	VERB
cblr-8629	121	3	generally	generally	ADV
cblr-8629	121	4	fisch	fisch	VERB
cblr-8629	121	5	et	et	PROPN
cblr-8629	121	6	al	al	PROPN
cblr-8629	121	7	.	.	PROPN
cblr-8629	121	8	,	,	PUNCT
cblr-8629	121	9	supra	supra	PROPN
cblr-8629	121	10	note	note	VERB
cblr-8629	121	11	7	7	NUM
cblr-8629	121	12	(	(	PUNCT
cblr-8629	121	13	detailing	detail	VERB
cblr-8629	121	14	the	the	DET
cblr-8629	121	15	attempts	attempt	NOUN
cblr-8629	121	16	of	of	ADP
cblr-8629	121	17	institutional	institutional	ADJ
cblr-8629	121	18	investors	investor	NOUN
cblr-8629	121	19	to	to	PART
cblr-8629	121	20	improve	improve	VERB
cblr-8629	121	21	corporate	corporate	ADJ
cblr-8629	121	22	governance	governance	NOUN
cblr-8629	121	23	)	)	PUNCT
cblr-8629	121	24	.	.	PUNCT
cblr-8629	122	1	23	23	NUM
cblr-8629	122	2	see	see	VERB
cblr-8629	122	3	,	,	PUNCT
cblr-8629	122	4	e.g.	e.g.	ADV
cblr-8629	122	5	,	,	PUNCT
cblr-8629	122	6	council	council	PROPN
cblr-8629	122	7	of	of	ADP
cblr-8629	122	8	inst	inst	PROPN
cblr-8629	122	9	.	.	PUNCT
cblr-8629	123	1	invs	invs	PROPN
cblr-8629	123	2	.	.	PROPN
cblr-8629	123	3	,	,	PUNCT
cblr-8629	123	4	corporate	corporate	ADJ
cblr-8629	123	5	governance	governance	NOUN
cblr-8629	123	6	policies	policy	NOUN
cblr-8629	123	7	5–7	5–7	NUM
cblr-8629	123	8	(	(	PUNCT
cblr-8629	123	9	2017	2017	NUM
cblr-8629	123	10	)	)	PUNCT
cblr-8629	123	11	,	,	PUNCT
cblr-8629	123	12	https://www.cii.org/files/policies/09_15_17_corp_gov	https://www.cii.org/files/policies/09_15_17_corp_gov	X
cblr-8629	123	13	_	_	PUNCT
cblr-8629	123	14	policies.pdf	policies.pdf	X
cblr-8629	124	1	[	[	X
cblr-8629	124	2	https://perma.cc/2pvb-5ugd	https://perma.cc/2pvb-5ugd	X
cblr-8629	124	3	]	]	PUNCT
cblr-8629	124	4	.	.	PUNCT
cblr-8629	125	1	24	24	NUM
cblr-8629	125	2	see	see	VERB
cblr-8629	125	3	,	,	PUNCT
cblr-8629	125	4	e.g.	e.g.	ADV
cblr-8629	125	5	,	,	PUNCT
cblr-8629	125	6	stephen	stephen	PROPN
cblr-8629	125	7	m.	m.	PROPN
cblr-8629	125	8	bainbridge	bainbridge	PROPN
cblr-8629	125	9	,	,	PUNCT
cblr-8629	125	10	director	director	NOUN
cblr-8629	125	11	primacy	primacy	NOUN
cblr-8629	125	12	:	:	PUNCT
cblr-8629	125	13	the	the	DET
cblr-8629	125	14	means	mean	NOUN
cblr-8629	125	15	and	and	CCONJ
cblr-8629	125	16	ends	end	NOUN
cblr-8629	125	17	of	of	ADP
cblr-8629	125	18	corporate	corporate	ADJ
cblr-8629	125	19	governance	governance	NOUN
cblr-8629	125	20	,	,	PUNCT
cblr-8629	125	21	97	97	NUM
cblr-8629	125	22	nw	nw	NOUN
cblr-8629	125	23	.	.	PUNCT
cblr-8629	125	24	u.	u.	PROPN
cblr-8629	125	25	l.	l.	PROPN
cblr-8629	125	26	rev	rev	PROPN
cblr-8629	125	27	.	.	PROPN
cblr-8629	125	28	547	547	NUM
cblr-8629	125	29	,	,	PUNCT
cblr-8629	125	30	605	605	NUM
cblr-8629	125	31	(	(	PUNCT
cblr-8629	125	32	2003	2003	NUM
cblr-8629	125	33	)	)	PUNCT
cblr-8629	125	34	(	(	PUNCT
cblr-8629	125	35	“	"	PUNCT
cblr-8629	125	36	[	[	X
cblr-8629	125	37	t]he	t]he	X
cblr-8629	125	38	board	board	NOUN
cblr-8629	125	39	of	of	ADP
cblr-8629	125	40	directors	director	NOUN
cblr-8629	125	41	is	be	AUX
cblr-8629	125	42	not	not	PART
cblr-8629	125	43	a	a	DET
cblr-8629	125	44	mere	mere	ADJ
cblr-8629	125	45	agent	agent	NOUN
cblr-8629	125	46	of	of	ADP
cblr-8629	125	47	the	the	DET
cblr-8629	125	48	shareholders	shareholder	NOUN
cblr-8629	125	49	,	,	PUNCT
cblr-8629	125	50	but	but	CCONJ
cblr-8629	125	51	rather	rather	ADV
cblr-8629	125	52	is	be	AUX
cblr-8629	125	53	a	a	DET
cblr-8629	125	54	sort	sort	NOUN
cblr-8629	125	55	of	of	ADP
cblr-8629	125	56	platonic	platonic	ADJ
cblr-8629	125	57	guardian	guardian	NOUN
cblr-8629	125	58	serving	serve	VERB
cblr-8629	125	59	as	as	ADP
cblr-8629	125	60	the	the	DET
cblr-8629	125	61	nexus	nexus	NOUN
cblr-8629	125	62	of	of	ADP
cblr-8629	125	63	the	the	DET
cblr-8629	125	64	various	various	ADJ
cblr-8629	125	65	contracts	contract	NOUN
cblr-8629	125	66	making	make	VERB
cblr-8629	125	67	up	up	ADP
cblr-8629	125	68	the	the	DET
cblr-8629	125	69	corporation	corporation	NOUN
cblr-8629	125	70	.	.	PUNCT
cblr-8629	125	71	”	"	PUNCT
cblr-8629	125	72	)	)	PUNCT
cblr-8629	125	73	.	.	PUNCT
cblr-8629	126	1	25	25	NUM
cblr-8629	126	2	see	see	VERB
cblr-8629	126	3	,	,	PUNCT
cblr-8629	126	4	e.g.	e.g.	ADV
cblr-8629	126	5	,	,	PUNCT
cblr-8629	126	6	martin	martin	PROPN
cblr-8629	126	7	lipton	lipton	PROPN
cblr-8629	126	8	,	,	PUNCT
cblr-8629	126	9	one	one	NUM
cblr-8629	126	10	size	size	NOUN
cblr-8629	126	11	does	do	AUX
cblr-8629	126	12	not	not	PART
cblr-8629	126	13	fit	fit	VERB
cblr-8629	126	14	all	all	PRON
cblr-8629	126	15	,	,	PUNCT
cblr-8629	126	16	harv	harv	PROPN
cblr-8629	126	17	.	.	PUNCT
cblr-8629	127	1	l.	l.	PROPN
cblr-8629	127	2	sch	sch	PROPN
cblr-8629	127	3	.	.	PUNCT
cblr-8629	128	1	f.	f.	PROPN
cblr-8629	128	2	on	on	ADP
cblr-8629	128	3	corp	corp	PROPN
cblr-8629	128	4	.	.	PROPN
cblr-8629	128	5	governance	governance	PROPN
cblr-8629	128	6	(	(	PUNCT
cblr-8629	128	7	oct	oct	PROPN
cblr-8629	128	8	.	.	PROPN
cblr-8629	128	9	16	16	NUM
cblr-8629	128	10	,	,	PUNCT
cblr-8629	128	11	2019	2019	NUM
cblr-8629	128	12	)	)	PUNCT
cblr-8629	128	13	,	,	PUNCT
cblr-8629	128	14	https://corpgov.law.harvard.edu	https://corpgov.law.harvard.edu	VERB
cblr-8629	128	15	/2019/10/16	/2019/10/16	PROPN
cblr-8629	128	16	/	/	SYM
cblr-8629	128	17	one	one	NUM
cblr-8629	128	18	-	-	PUNCT
cblr-8629	128	19	size	size	NOUN
cblr-8629	128	20	-	-	PUNCT
cblr-8629	128	21	does	do	AUX
cblr-8629	128	22	-	-	PUNCT
cblr-8629	128	23	not	not	PART
cblr-8629	128	24	-	-	PUNCT
cblr-8629	128	25	fit	fit	NOUN
cblr-8629	128	26	-	-	PUNCT
cblr-8629	128	27	all/	all/	NOUN
cblr-8629	129	1	[	[	X
cblr-8629	129	2	https://perma.cc/8gqm-x4g9	https://perma.cc/8gqm-x4g9	X
cblr-8629	129	3	]	]	X
cblr-8629	129	4	(	(	PUNCT
cblr-8629	129	5	endorsing	endorse	VERB
cblr-8629	129	6	“	"	PUNCT
cblr-8629	129	7	the	the	DET
cblr-8629	129	8	ringing	ringing	ADJ
cblr-8629	129	9	truth	truth	NOUN
cblr-8629	129	10	of	of	ADP
cblr-8629	129	11	the	the	DET
cblr-8629	129	12	oft	oft	ADV
cblr-8629	129	13	heard	hear	VERB
cblr-8629	129	14	‘	'	PUNCT
cblr-8629	129	15	one	one	NUM
cblr-8629	129	16	size	size	NOUN
cblr-8629	129	17	does	do	AUX
cblr-8629	129	18	n’t	not	PART
cblr-8629	129	19	fit	fit	VERB
cblr-8629	129	20	all	all	DET
cblr-8629	129	21	’	'	PUNCT
cblr-8629	129	22	criticism	criticism	NOUN
cblr-8629	129	23	of	of	ADP
cblr-8629	129	24	the	the	DET
cblr-8629	129	25	stylized	stylize	VERB
cblr-8629	129	26	corporate	corporate	ADJ
cblr-8629	129	27	governance	governance	NOUN
cblr-8629	129	28	principles	principle	NOUN
cblr-8629	129	29	promulgated	promulgate	VERB
cblr-8629	129	30	by	by	ADP
cblr-8629	129	31	organizations	organization	NOUN
cblr-8629	129	32	like	like	ADP
cblr-8629	129	33	institutional	institutional	ADJ
cblr-8629	129	34	shareholder	shareholder	NOUN
cblr-8629	129	35	services	service	NOUN
cblr-8629	129	36	,	,	PUNCT
cblr-8629	129	37	glass	glass	PROPN
cblr-8629	129	38	lewis	lewis	PROPN
cblr-8629	129	39	,	,	PUNCT
cblr-8629	129	40	council	council	PROPN
cblr-8629	129	41	of	of	ADP
cblr-8629	129	42	institutional	institutional	ADJ
cblr-8629	129	43	investors	investor	NOUN
cblr-8629	129	44	and	and	CCONJ
cblr-8629	129	45	many	many	ADJ
cblr-8629	129	46	major	major	ADJ
cblr-8629	129	47	institutional	institutional	ADJ
cblr-8629	129	48	investors	investor	NOUN
cblr-8629	129	49	”	"	PUNCT
cblr-8629	129	50	)	)	PUNCT
cblr-8629	129	51	.	.	PUNCT
cblr-8629	130	1	ahn	ahn	PROPN
cblr-8629	130	2	et	et	PROPN
cblr-8629	130	3	al	al	PROPN
cblr-8629	130	4	.	.	PROPN
cblr-8629	131	1	8/20/2021	8/20/2021	NUM
cblr-8629	131	2	6:14	6:14	NUM
cblr-8629	131	3	pm	pm	NOUN
cblr-8629	131	4	no	no	NOUN
cblr-8629	131	5	.	.	PUNCT
cblr-8629	132	1	2:476	2:476	NUM
cblr-8629	132	2	]	]	X
cblr-8629	132	3	synthetic	synthetic	ADJ
cblr-8629	132	4	governance	governance	NOUN
cblr-8629	132	5	485	485	NUM
cblr-8629	132	6	overall	overall	ADJ
cblr-8629	132	7	economic	economic	ADJ
cblr-8629	132	8	performance26	performance26	NOUN
cblr-8629	132	9	and	and	CCONJ
cblr-8629	132	10	on	on	ADP
cblr-8629	132	11	more	more	ADV
cblr-8629	132	12	specific	specific	ADJ
cblr-8629	132	13	issues	issue	NOUN
cblr-8629	132	14	such	such	ADJ
cblr-8629	132	15	as	as	ADP
cblr-8629	132	16	a	a	DET
cblr-8629	132	17	firm	firm	NOUN
cblr-8629	132	18	’s	’s	PART
cblr-8629	132	19	investment	investment	NOUN
cblr-8629	132	20	in	in	ADP
cblr-8629	132	21	research	research	NOUN
cblr-8629	132	22	and	and	CCONJ
cblr-8629	132	23	development,27	development,27	NOUN
cblr-8629	132	24	and	and	CCONJ
cblr-8629	132	25	the	the	DET
cblr-8629	132	26	likelihood	likelihood	NOUN
cblr-8629	132	27	that	that	SCONJ
cblr-8629	132	28	a	a	DET
cblr-8629	132	29	firm	firm	NOUN
cblr-8629	132	30	will	will	AUX
cblr-8629	132	31	be	be	AUX
cblr-8629	132	32	involved	involve	VERB
cblr-8629	132	33	in	in	ADP
cblr-8629	132	34	financial	financial	ADJ
cblr-8629	132	35	fraud	fraud	NOUN
cblr-8629	132	36	or	or	CCONJ
cblr-8629	132	37	other	other	ADJ
cblr-8629	132	38	misconduct.28	misconduct.28	PROPN
cblr-8629	132	39	hundreds	hundred	NOUN
cblr-8629	132	40	of	of	ADP
cblr-8629	132	41	such	such	ADJ
cblr-8629	132	42	studies	study	NOUN
cblr-8629	132	43	have	have	AUX
cblr-8629	132	44	attempted	attempt	VERB
cblr-8629	132	45	to	to	PART
cblr-8629	132	46	assess	assess	VERB
cblr-8629	132	47	the	the	DET
cblr-8629	132	48	value	value	NOUN
cblr-8629	132	49	of	of	ADP
cblr-8629	132	50	governance	governance	NOUN
cblr-8629	132	51	provisions	provision	NOUN
cblr-8629	132	52	such	such	ADJ
cblr-8629	132	53	as	as	ADP
cblr-8629	132	54	independent	independent	ADJ
cblr-8629	132	55	boards,29	boards,29	PROPN
cblr-8629	132	56	takeover	takeover	NOUN
cblr-8629	132	57	defenses,30	defenses,30	PROPN
cblr-8629	132	58	and	and	CCONJ
cblr-8629	132	59	delaware	delaware	PROPN
cblr-8629	132	60	incorporation.31	incorporation.31	PROPN
cblr-8629	132	61	despite	despite	SCONJ
cblr-8629	132	62	the	the	DET
cblr-8629	132	63	extensive	extensive	ADJ
cblr-8629	132	64	effort	effort	NOUN
cblr-8629	132	65	that	that	PRON
cblr-8629	132	66	has	have	AUX
cblr-8629	132	67	gone	go	VERB
cblr-8629	132	68	into	into	ADP
cblr-8629	132	69	empirical	empirical	ADJ
cblr-8629	132	70	analyses	analysis	NOUN
cblr-8629	132	71	,	,	PUNCT
cblr-8629	132	72	there	there	PRON
cblr-8629	132	73	is	be	VERB
cblr-8629	132	74	limited	limited	ADJ
cblr-8629	132	75	consensus	consensus	NOUN
cblr-8629	132	76	on	on	ADP
cblr-8629	132	77	the	the	DET
cblr-8629	132	78	desirability	desirability	NOUN
cblr-8629	132	79	of	of	ADP
cblr-8629	132	80	most	most	ADJ
cblr-8629	132	81	corporate	corporate	ADJ
cblr-8629	132	82	governance	governance	NOUN
cblr-8629	132	83	provisions.32	provisions.32	NOUN
cblr-8629	132	84	on	on	ADP
cblr-8629	132	85	the	the	DET
cblr-8629	132	86	most	most	ADV
cblr-8629	132	87	hotly	hotly	ADV
cblr-8629	132	88	26	26	NUM
cblr-8629	132	89	see	see	NOUN
cblr-8629	132	90	,	,	PUNCT
cblr-8629	132	91	e.g.	e.g.	ADV
cblr-8629	132	92	,	,	PUNCT
cblr-8629	132	93	generally	generally	ADV
cblr-8629	132	94	sanjai	sanjai	VERB
cblr-8629	132	95	bhagat	bhagat	PROPN
cblr-8629	132	96	&	&	CCONJ
cblr-8629	132	97	bernard	bernard	PROPN
cblr-8629	132	98	black	black	PROPN
cblr-8629	132	99	,	,	PUNCT
cblr-8629	132	100	the	the	DET
cblr-8629	132	101	noncorrelation	noncorrelation	NOUN
cblr-8629	132	102	between	between	ADP
cblr-8629	132	103	board	board	NOUN
cblr-8629	132	104	independence	independence	NOUN
cblr-8629	132	105	and	and	CCONJ
cblr-8629	132	106	long	long	ADJ
cblr-8629	132	107	-	-	PUNCT
cblr-8629	132	108	term	term	NOUN
cblr-8629	132	109	firm	firm	ADJ
cblr-8629	132	110	performance	performance	NOUN
cblr-8629	132	111	,	,	PUNCT
cblr-8629	132	112	27	27	NUM
cblr-8629	132	113	j.	j.	PROPN
cblr-8629	132	114	corp	corp	PROPN
cblr-8629	132	115	.	.	PROPN
cblr-8629	132	116	l.	l.	PROPN
cblr-8629	132	117	231	231	NUM
cblr-8629	132	118	(	(	PUNCT
cblr-8629	132	119	2002	2002	NUM
cblr-8629	132	120	)	)	PUNCT
cblr-8629	132	121	(	(	PUNCT
cblr-8629	132	122	attempting	attempt	VERB
cblr-8629	132	123	to	to	PART
cblr-8629	132	124	evaluate	evaluate	VERB
cblr-8629	132	125	the	the	DET
cblr-8629	132	126	effect	effect	NOUN
cblr-8629	132	127	of	of	ADP
cblr-8629	132	128	board	board	NOUN
cblr-8629	132	129	independence	independence	NOUN
cblr-8629	132	130	on	on	ADP
cblr-8629	132	131	firm	firm	ADJ
cblr-8629	132	132	financial	financial	ADJ
cblr-8629	132	133	performance	performance	NOUN
cblr-8629	132	134	)	)	PUNCT
cblr-8629	132	135	;	;	PUNCT
cblr-8629	132	136	ryan	ryan	PROPN
cblr-8629	132	137	krause	krause	PROPN
cblr-8629	132	138	,	,	PUNCT
cblr-8629	132	139	matthew	matthew	PROPN
cblr-8629	132	140	semadeni	semadeni	PROPN
cblr-8629	132	141	&	&	CCONJ
cblr-8629	132	142	albert	albert	PROPN
cblr-8629	132	143	a.	a.	PROPN
cblr-8629	132	144	cannella	cannella	PROPN
cblr-8629	132	145	,	,	PUNCT
cblr-8629	132	146	jr	jr	PROPN
cblr-8629	132	147	.	.	PROPN
cblr-8629	132	148	,	,	PUNCT
cblr-8629	132	149	ceo	ceo	NOUN
cblr-8629	132	150	duality	duality	NOUN
cblr-8629	132	151	:	:	PUNCT
cblr-8629	132	152	a	a	DET
cblr-8629	132	153	review	review	NOUN
cblr-8629	132	154	and	and	CCONJ
cblr-8629	132	155	research	research	NOUN
cblr-8629	132	156	agenda	agenda	NOUN
cblr-8629	132	157	,	,	PUNCT
cblr-8629	132	158	40	40	NUM
cblr-8629	132	159	j.	j.	PROPN
cblr-8629	132	160	mgmt	mgmt	PROPN
cblr-8629	132	161	.	.	PUNCT
cblr-8629	133	1	256	256	NUM
cblr-8629	133	2	(	(	PUNCT
cblr-8629	133	3	2014	2014	NUM
cblr-8629	133	4	)	)	PUNCT
cblr-8629	133	5	(	(	PUNCT
cblr-8629	133	6	reviewing	review	VERB
cblr-8629	133	7	empirical	empirical	ADJ
cblr-8629	133	8	work	work	NOUN
cblr-8629	133	9	on	on	ADP
cblr-8629	133	10	the	the	DET
cblr-8629	133	11	effect	effect	NOUN
cblr-8629	133	12	of	of	ADP
cblr-8629	133	13	separating	separate	VERB
cblr-8629	133	14	the	the	DET
cblr-8629	133	15	positions	position	NOUN
cblr-8629	133	16	of	of	ADP
cblr-8629	133	17	ceo	ceo	NOUN
cblr-8629	133	18	and	and	CCONJ
cblr-8629	133	19	chairman	chairman	NOUN
cblr-8629	133	20	of	of	ADP
cblr-8629	133	21	the	the	DET
cblr-8629	133	22	board	board	NOUN
cblr-8629	133	23	)	)	PUNCT
cblr-8629	133	24	.	.	PUNCT
cblr-8629	134	1	27	27	NUM
cblr-8629	134	2	see	see	VERB
cblr-8629	134	3	,	,	PUNCT
cblr-8629	134	4	e.g.	e.g.	ADV
cblr-8629	134	5	,	,	PUNCT
cblr-8629	134	6	generally	generally	ADV
cblr-8629	134	7	diego	diego	PROPN
cblr-8629	134	8	asensio	asensio	ADV
cblr-8629	134	9	-	-	PUNCT
cblr-8629	134	10	lópez	lópez	PROPN
cblr-8629	134	11	,	,	PUNCT
cblr-8629	134	12	laura	laura	PROPN
cblr-8629	134	13	cabeza	cabeza	PROPN
cblr-8629	134	14	-	-	PUNCT
cblr-8629	134	15	garcía	garcía	PROPN
cblr-8629	134	16	&	&	CCONJ
cblr-8629	134	17	nuria	nuria	PROPN
cblr-8629	134	18	gonzález	gonzález	PROPN
cblr-8629	134	19	-	-	PUNCT
cblr-8629	134	20	álvarez	álvarez	NOUN
cblr-8629	134	21	,	,	PUNCT
cblr-8629	134	22	corporate	corporate	ADJ
cblr-8629	134	23	governance	governance	NOUN
cblr-8629	134	24	and	and	CCONJ
cblr-8629	134	25	innovation	innovation	NOUN
cblr-8629	134	26	:	:	PUNCT
cblr-8629	134	27	a	a	DET
cblr-8629	134	28	theoretical	theoretical	ADJ
cblr-8629	134	29	review	review	NOUN
cblr-8629	134	30	,	,	PUNCT
cblr-8629	134	31	28	28	NUM
cblr-8629	134	32	eur	eur	NOUN
cblr-8629	134	33	.	.	PUNCT
cblr-8629	135	1	j.	j.	PROPN
cblr-8629	135	2	mgmt	mgmt	PROPN
cblr-8629	135	3	.	.	PROPN
cblr-8629	135	4	&	&	CCONJ
cblr-8629	135	5	bus	bus	PROPN
cblr-8629	135	6	.	.	PUNCT
cblr-8629	136	1	econ	econ	PROPN
cblr-8629	136	2	.	.	PUNCT
cblr-8629	137	1	266	266	NUM
cblr-8629	137	2	(	(	PUNCT
cblr-8629	137	3	2019	2019	NUM
cblr-8629	137	4	)	)	PUNCT
cblr-8629	137	5	(	(	PUNCT
cblr-8629	137	6	reviewing	review	VERB
cblr-8629	137	7	empirical	empirical	ADJ
cblr-8629	137	8	literature	literature	NOUN
cblr-8629	137	9	analyzing	analyze	VERB
cblr-8629	137	10	the	the	DET
cblr-8629	137	11	relationship	relationship	NOUN
cblr-8629	137	12	between	between	ADP
cblr-8629	137	13	corporate	corporate	ADJ
cblr-8629	137	14	governance	governance	NOUN
cblr-8629	137	15	and	and	CCONJ
cblr-8629	137	16	innovation	innovation	NOUN
cblr-8629	137	17	)	)	PUNCT
cblr-8629	137	18	.	.	PUNCT
cblr-8629	138	1	28	28	NUM
cblr-8629	138	2	see	see	VERB
cblr-8629	138	3	,	,	PUNCT
cblr-8629	138	4	e.g.	e.g.	ADV
cblr-8629	138	5	,	,	PUNCT
cblr-8629	138	6	generally	generally	ADV
cblr-8629	138	7	mark	mark	PROPN
cblr-8629	138	8	s.	s.	PROPN
cblr-8629	138	9	beasley	beasley	PROPN
cblr-8629	138	10	,	,	PUNCT
cblr-8629	138	11	an	an	DET
cblr-8629	138	12	empirical	empirical	ADJ
cblr-8629	138	13	analysis	analysis	NOUN
cblr-8629	138	14	of	of	ADP
cblr-8629	138	15	the	the	DET
cblr-8629	138	16	relation	relation	NOUN
cblr-8629	138	17	between	between	ADP
cblr-8629	138	18	the	the	DET
cblr-8629	138	19	board	board	NOUN
cblr-8629	138	20	of	of	ADP
cblr-8629	138	21	director	director	NOUN
cblr-8629	138	22	composition	composition	NOUN
cblr-8629	138	23	and	and	CCONJ
cblr-8629	138	24	financial	financial	ADJ
cblr-8629	138	25	statement	statement	NOUN
cblr-8629	138	26	fraud	fraud	NOUN
cblr-8629	138	27	,	,	PUNCT
cblr-8629	138	28	71	71	NUM
cblr-8629	138	29	acct	acct	NOUN
cblr-8629	138	30	.	.	PUNCT
cblr-8629	139	1	rev	rev	PROPN
cblr-8629	139	2	.	.	PROPN
cblr-8629	139	3	443	443	NUM
cblr-8629	139	4	(	(	PUNCT
cblr-8629	139	5	1996	1996	NUM
cblr-8629	139	6	)	)	PUNCT
cblr-8629	139	7	;	;	PUNCT
cblr-8629	139	8	patricia	patricia	PROPN
cblr-8629	139	9	m.	m.	PROPN
cblr-8629	139	10	dechow	dechow	PROPN
cblr-8629	139	11	&	&	CCONJ
cblr-8629	139	12	douglas	douglas	PROPN
cblr-8629	139	13	j.	j.	PROPN
cblr-8629	139	14	skinner	skinner	PROPN
cblr-8629	139	15	,	,	PUNCT
cblr-8629	139	16	earnings	earning	NOUN
cblr-8629	139	17	management	management	NOUN
cblr-8629	139	18	:	:	PUNCT
cblr-8629	139	19	reconciling	reconcile	VERB
cblr-8629	139	20	the	the	DET
cblr-8629	139	21	views	view	NOUN
cblr-8629	139	22	of	of	ADP
cblr-8629	139	23	accounting	accounting	NOUN
cblr-8629	139	24	academics	academic	NOUN
cblr-8629	139	25	,	,	PUNCT
cblr-8629	139	26	practitioners	practitioner	NOUN
cblr-8629	139	27	,	,	PUNCT
cblr-8629	139	28	and	and	CCONJ
cblr-8629	139	29	regulators	regulator	NOUN
cblr-8629	139	30	,	,	PUNCT
cblr-8629	139	31	14	14	NUM
cblr-8629	139	32	acct	acct	NOUN
cblr-8629	139	33	.	.	PUNCT
cblr-8629	140	1	horizons	horizon	NOUN
cblr-8629	140	2	235	235	NUM
cblr-8629	140	3	(	(	PUNCT
cblr-8629	140	4	2000	2000	NUM
cblr-8629	140	5	)	)	PUNCT
cblr-8629	140	6	.	.	PUNCT
cblr-8629	141	1	29	29	NUM
cblr-8629	141	2	see	see	VERB
cblr-8629	141	3	,	,	PUNCT
cblr-8629	141	4	e.g.	e.g.	ADV
cblr-8629	141	5	,	,	PUNCT
cblr-8629	141	6	generally	generally	ADV
cblr-8629	141	7	bhagat	bhagat	PROPN
cblr-8629	141	8	&	&	CCONJ
cblr-8629	141	9	black	black	ADJ
cblr-8629	141	10	,	,	PUNCT
cblr-8629	141	11	supra	supra	PROPN
cblr-8629	141	12	note	note	NOUN
cblr-8629	141	13	26	26	NUM
cblr-8629	141	14	.	.	SYM
cblr-8629	141	15	30	30	NUM
cblr-8629	141	16	see	see	VERB
cblr-8629	141	17	,	,	PUNCT
cblr-8629	141	18	e.g.	e.g.	ADV
cblr-8629	141	19	,	,	PUNCT
cblr-8629	141	20	lucian	lucian	PROPN
cblr-8629	141	21	arye	arye	PROPN
cblr-8629	141	22	bebchuk	bebchuk	PROPN
cblr-8629	141	23	,	,	PUNCT
cblr-8629	141	24	john	john	PROPN
cblr-8629	141	25	c.	c.	PROPN
cblr-8629	141	26	coates	coat	VERB
cblr-8629	141	27	iv	iv	PROPN
cblr-8629	141	28	&	&	CCONJ
cblr-8629	141	29	guhan	guhan	PROPN
cblr-8629	141	30	subramanian	subramanian	PROPN
cblr-8629	141	31	,	,	PUNCT
cblr-8629	141	32	the	the	DET
cblr-8629	141	33	powerful	powerful	ADJ
cblr-8629	141	34	antitakeover	antitakeover	ADJ
cblr-8629	141	35	force	force	NOUN
cblr-8629	141	36	of	of	ADP
cblr-8629	141	37	staggered	staggered	ADJ
cblr-8629	141	38	boards	board	NOUN
cblr-8629	141	39	:	:	PUNCT
cblr-8629	141	40	theory	theory	NOUN
cblr-8629	141	41	,	,	PUNCT
cblr-8629	141	42	evidence	evidence	NOUN
cblr-8629	141	43	,	,	PUNCT
cblr-8629	141	44	and	and	CCONJ
cblr-8629	141	45	policy	policy	NOUN
cblr-8629	141	46	,	,	PUNCT
cblr-8629	141	47	54	54	NUM
cblr-8629	141	48	stan	stan	PROPN
cblr-8629	141	49	.	.	PUNCT
cblr-8629	142	1	l.	l.	PROPN
cblr-8629	142	2	rev	rev	PROPN
cblr-8629	142	3	.	.	PROPN
cblr-8629	142	4	887	887	NUM
cblr-8629	142	5	,	,	PUNCT
cblr-8629	142	6	889–92	889–92	NOUN
cblr-8629	142	7	(	(	PUNCT
cblr-8629	142	8	2002	2002	NUM
cblr-8629	142	9	)	)	PUNCT
cblr-8629	142	10	;	;	PUNCT
cblr-8629	142	11	lucian	lucian	PROPN
cblr-8629	142	12	bebchuk	bebchuk	PROPN
cblr-8629	142	13	,	,	PUNCT
cblr-8629	142	14	alma	alma	PROPN
cblr-8629	142	15	cohen	cohen	PROPN
cblr-8629	142	16	&	&	CCONJ
cblr-8629	142	17	allen	allen	PROPN
cblr-8629	142	18	ferrell	ferrell	PROPN
cblr-8629	142	19	,	,	PUNCT
cblr-8629	142	20	what	what	PRON
cblr-8629	142	21	matters	matter	VERB
cblr-8629	142	22	in	in	ADP
cblr-8629	142	23	corporate	corporate	ADJ
cblr-8629	142	24	governance	governance	NOUN
cblr-8629	142	25	?	?	PUNCT
cblr-8629	142	26	,	,	PUNCT
cblr-8629	142	27	22	22	NUM
cblr-8629	142	28	rev	rev	VERB
cblr-8629	142	29	.	.	PROPN
cblr-8629	142	30	fin	fin	NOUN
cblr-8629	142	31	.	.	PUNCT
cblr-8629	142	32	stud	stud	PROPN
cblr-8629	142	33	.	.	PUNCT
cblr-8629	143	1	783	783	NUM
cblr-8629	143	2	,	,	PUNCT
cblr-8629	143	3	823	823	NUM
cblr-8629	143	4	(	(	PUNCT
cblr-8629	143	5	2009	2009	NUM
cblr-8629	143	6	)	)	PUNCT
cblr-8629	143	7	.	.	PUNCT
cblr-8629	144	1	31	31	NUM
cblr-8629	144	2	see	see	VERB
cblr-8629	144	3	,	,	PUNCT
cblr-8629	144	4	e.g.	e.g.	ADV
cblr-8629	144	5	,	,	PUNCT
cblr-8629	144	6	robert	robert	PROPN
cblr-8629	144	7	daines	daine	NOUN
cblr-8629	144	8	,	,	PUNCT
cblr-8629	144	9	does	do	AUX
cblr-8629	144	10	delaware	delaware	PROPN
cblr-8629	144	11	law	law	PROPN
cblr-8629	144	12	improve	improve	VERB
cblr-8629	144	13	firm	firm	ADJ
cblr-8629	144	14	value	value	NOUN
cblr-8629	144	15	,	,	PUNCT
cblr-8629	144	16	62	62	NUM
cblr-8629	144	17	j.	j.	PROPN
cblr-8629	144	18	fin	fin	PROPN
cblr-8629	144	19	.	.	PUNCT
cblr-8629	145	1	econ	econ	PROPN
cblr-8629	145	2	.	.	PUNCT
cblr-8629	146	1	525	525	NUM
cblr-8629	146	2	,	,	PUNCT
cblr-8629	146	3	553	553	NUM
cblr-8629	146	4	(	(	PUNCT
cblr-8629	146	5	2001	2001	NUM
cblr-8629	146	6	)	)	PUNCT
cblr-8629	146	7	(	(	PUNCT
cblr-8629	146	8	finding	find	VERB
cblr-8629	146	9	delaware	delaware	PROPN
cblr-8629	146	10	corporations	corporation	NOUN
cblr-8629	146	11	to	to	PART
cblr-8629	146	12	be	be	AUX
cblr-8629	146	13	worth	worth	ADJ
cblr-8629	146	14	more	more	ADJ
cblr-8629	146	15	than	than	ADP
cblr-8629	146	16	comparable	comparable	ADJ
cblr-8629	146	17	firms	firm	NOUN
cblr-8629	146	18	incorporated	incorporate	VERB
cblr-8629	146	19	in	in	ADP
cblr-8629	146	20	other	other	ADJ
cblr-8629	146	21	states	state	NOUN
cblr-8629	146	22	)	)	PUNCT
cblr-8629	146	23	;	;	PUNCT
cblr-8629	146	24	guhan	guhan	PROPN
cblr-8629	146	25	subramanian	subramanian	PROPN
cblr-8629	146	26	,	,	PUNCT
cblr-8629	146	27	the	the	DET
cblr-8629	146	28	disappearing	disappear	VERB
cblr-8629	146	29	delaware	delaware	PROPN
cblr-8629	146	30	effect	effect	NOUN
cblr-8629	146	31	,	,	PUNCT
cblr-8629	146	32	20	20	NUM
cblr-8629	146	33	j.l	j.l	PROPN
cblr-8629	146	34	.	.	PROPN
cblr-8629	146	35	econ	econ	PROPN
cblr-8629	146	36	.	.	PROPN
cblr-8629	146	37	&	&	CCONJ
cblr-8629	146	38	org	org	PROPN
cblr-8629	146	39	.	.	PUNCT
cblr-8629	147	1	32	32	NUM
cblr-8629	147	2	,	,	PUNCT
cblr-8629	147	3	41–43	41–43	NUM
cblr-8629	147	4	(	(	PUNCT
cblr-8629	147	5	2004	2004	NUM
cblr-8629	147	6	)	)	PUNCT
cblr-8629	147	7	(	(	PUNCT
cblr-8629	147	8	reporting	report	VERB
cblr-8629	147	9	that	that	SCONJ
cblr-8629	147	10	daines	daine	NOUN
cblr-8629	147	11	’s	’s	PART
cblr-8629	147	12	findings	finding	NOUN
cblr-8629	147	13	did	do	AUX
cblr-8629	147	14	not	not	PART
cblr-8629	147	15	persist	persist	VERB
cblr-8629	147	16	over	over	ADP
cblr-8629	147	17	time	time	NOUN
cblr-8629	147	18	)	)	PUNCT
cblr-8629	147	19	.	.	PUNCT
cblr-8629	148	1	32	32	NUM
cblr-8629	148	2	see	see	VERB
cblr-8629	148	3	matthew	matthew	PROPN
cblr-8629	148	4	d.	d.	PROPN
cblr-8629	148	5	cain	cain	PROPN
cblr-8629	148	6	,	,	PUNCT
cblr-8629	148	7	jill	jill	PROPN
cblr-8629	148	8	e.	e.	PROPN
cblr-8629	148	9	fisch	fisch	PROPN
cblr-8629	148	10	,	,	PUNCT
cblr-8629	148	11	sean	sean	PROPN
cblr-8629	148	12	j.	j.	PROPN
cblr-8629	148	13	griffith	griffith	PROPN
cblr-8629	148	14	&	&	CCONJ
cblr-8629	148	15	steven	steven	PROPN
cblr-8629	148	16	davidoff	davidoff	PROPN
cblr-8629	148	17	solomon	solomon	PROPN
cblr-8629	148	18	,	,	PUNCT
cblr-8629	148	19	how	how	SCONJ
cblr-8629	148	20	corporate	corporate	ADJ
cblr-8629	148	21	governance	governance	NOUN
cblr-8629	148	22	is	be	AUX
cblr-8629	148	23	made	make	VERB
cblr-8629	148	24	:	:	PUNCT
cblr-8629	148	25	the	the	DET
cblr-8629	148	26	case	case	NOUN
cblr-8629	148	27	of	of	ADP
cblr-8629	148	28	the	the	DET
cblr-8629	148	29	golden	golden	ADJ
cblr-8629	148	30	leash	leash	NOUN
cblr-8629	148	31	,	,	PUNCT
cblr-8629	148	32	164	164	NUM
cblr-8629	148	33	u.	u.	PROPN
cblr-8629	148	34	pa	pa	PROPN
cblr-8629	148	35	.	.	PUNCT
cblr-8629	148	36	l.	l.	PROPN
cblr-8629	148	37	rev	rev	PROPN
cblr-8629	148	38	.	.	PROPN
cblr-8629	148	39	649	649	NUM
cblr-8629	148	40	,	,	PUNCT
cblr-8629	148	41	657	657	NUM
cblr-8629	148	42	(	(	PUNCT
cblr-8629	148	43	2016	2016	NUM
cblr-8629	148	44	)	)	PUNCT
cblr-8629	148	45	(	(	PUNCT
cblr-8629	148	46	“	"	PUNCT
cblr-8629	148	47	corporate	corporate	ADJ
cblr-8629	148	48	governance	governance	NOUN
cblr-8629	148	49	research	research	NOUN
cblr-8629	148	50	has	have	VERB
cblr-8629	148	51	.	.	PUNCT
cblr-8629	148	52	.	.	PUNCT
cblr-8629	148	53	.	.	PUNCT
cblr-8629	149	1	focused	focus	VERB
cblr-8629	149	2	on	on	ADP
cblr-8629	149	3	the	the	DET
cblr-8629	149	4	empirical	empirical	ADJ
cblr-8629	149	5	question	question	NOUN
cblr-8629	149	6	of	of	ADP
cblr-8629	149	7	whether	whether	SCONJ
cblr-8629	149	8	and	and	CCONJ
cblr-8629	149	9	how	how	SCONJ
cblr-8629	149	10	particular	particular	ADJ
cblr-8629	149	11	governance	governance	NOUN
cblr-8629	149	12	terms	term	NOUN
cblr-8629	149	13	are	be	AUX
cblr-8629	149	14	priced	price	VERB
cblr-8629	149	15	as	as	ADP
cblr-8629	149	16	a	a	DET
cblr-8629	149	17	necessary	necessary	ADJ
cblr-8629	149	18	first	first	ADJ
cblr-8629	149	19	step	step	NOUN
cblr-8629	149	20	in	in	ADP
cblr-8629	149	21	ahn	ahn	PROPN
cblr-8629	149	22	et	et	PROPN
cblr-8629	149	23	al	al	PROPN
cblr-8629	149	24	.	.	PROPN
cblr-8629	150	1	8/20/2021	8/20/2021	NUM
cblr-8629	150	2	6:14	6:14	NUM
cblr-8629	150	3	pm	pm	PROPN
cblr-8629	150	4	486	486	NUM
cblr-8629	150	5	columbia	columbia	PROPN
cblr-8629	150	6	business	business	NOUN
cblr-8629	150	7	law	law	PROPN
cblr-8629	150	8	review	review	NOUN
cblr-8629	151	1	[	[	X
cblr-8629	151	2	vol	vol	NOUN
cblr-8629	151	3	.	.	PUNCT
cblr-8629	151	4	2021	2021	NUM
cblr-8629	151	5	contested	contest	VERB
cblr-8629	151	6	issues	issue	NOUN
cblr-8629	152	1	,	,	PUNCT
cblr-8629	152	2	scholars	scholar	NOUN
cblr-8629	152	3	reach	reach	VERB
cblr-8629	152	4	conflicting	conflicting	ADJ
cblr-8629	152	5	results	result	NOUN
cblr-8629	152	6	.	.	PUNCT
cblr-8629	153	1	on	on	ADP
cblr-8629	153	2	the	the	DET
cblr-8629	153	3	question	question	NOUN
cblr-8629	153	4	of	of	ADP
cblr-8629	153	5	whether	whether	SCONJ
cblr-8629	153	6	a	a	DET
cblr-8629	153	7	staggered	staggered	ADJ
cblr-8629	153	8	board	board	NOUN
cblr-8629	153	9	of	of	ADP
cblr-8629	153	10	directors	director	NOUN
cblr-8629	153	11	affects	affect	VERB
cblr-8629	153	12	firm	firm	ADJ
cblr-8629	153	13	value	value	NOUN
cblr-8629	153	14	,	,	PUNCT
cblr-8629	153	15	for	for	ADP
cblr-8629	153	16	example	example	NOUN
cblr-8629	153	17	,	,	PUNCT
cblr-8629	153	18	one	one	NUM
cblr-8629	153	19	group	group	NOUN
cblr-8629	153	20	of	of	ADP
cblr-8629	153	21	scholars	scholar	NOUN
cblr-8629	153	22	has	have	AUX
cblr-8629	153	23	consistently	consistently	ADV
cblr-8629	153	24	argued	argue	VERB
cblr-8629	153	25	that	that	SCONJ
cblr-8629	153	26	staggered	staggered	ADJ
cblr-8629	153	27	boards	board	NOUN
cblr-8629	153	28	reduce	reduce	VERB
cblr-8629	153	29	value.33	value.33	PROPN
cblr-8629	153	30	a	a	DET
cblr-8629	153	31	second	second	ADJ
cblr-8629	153	32	group	group	NOUN
cblr-8629	153	33	finds	find	VERB
cblr-8629	153	34	the	the	DET
cblr-8629	153	35	opposite	opposite	NOUN
cblr-8629	153	36	—	—	PUNCT
cblr-8629	153	37	that	that	PRON
cblr-8629	153	38	staggered	staggered	ADJ
cblr-8629	153	39	boards	board	NOUN
cblr-8629	153	40	increase	increase	VERB
cblr-8629	153	41	the	the	DET
cblr-8629	153	42	value	value	NOUN
cblr-8629	153	43	of	of	ADP
cblr-8629	153	44	at	at	ADV
cblr-8629	153	45	least	least	ADJ
cblr-8629	153	46	some	some	PRON
cblr-8629	153	47	firms.34	firms.34	NOUN
cblr-8629	153	48	a	a	DET
cblr-8629	153	49	third	third	ADJ
cblr-8629	153	50	set	set	NOUN
cblr-8629	153	51	of	of	ADP
cblr-8629	153	52	scholars	scholar	NOUN
cblr-8629	153	53	critiques	critique	VERB
cblr-8629	153	54	both	both	DET
cblr-8629	153	55	groups	group	NOUN
cblr-8629	153	56	’	’	PART
cblr-8629	153	57	studies	study	NOUN
cblr-8629	153	58	and	and	CCONJ
cblr-8629	153	59	concludes	conclude	VERB
cblr-8629	153	60	that	that	SCONJ
cblr-8629	153	61	the	the	DET
cblr-8629	153	62	effect	effect	NOUN
cblr-8629	153	63	of	of	ADP
cblr-8629	153	64	a	a	DET
cblr-8629	153	65	staggered	staggered	ADJ
cblr-8629	153	66	board	board	NOUN
cblr-8629	153	67	is	be	AUX
cblr-8629	153	68	idiosyncratic	idiosyncratic	ADJ
cblr-8629	153	69	and	and	CCONJ
cblr-8629	153	70	firm	firm	ADJ
cblr-8629	153	71	-	-	PUNCT
cblr-8629	153	72	specific.35	specific.35	NOUN
cblr-8629	153	73	similarly	similarly	ADV
cblr-8629	153	74	,	,	PUNCT
cblr-8629	153	75	the	the	DET
cblr-8629	153	76	empirical	empirical	ADJ
cblr-8629	153	77	evidence	evidence	NOUN
cblr-8629	153	78	on	on	ADP
cblr-8629	153	79	the	the	DET
cblr-8629	153	80	economic	economic	ADJ
cblr-8629	153	81	impact	impact	NOUN
cblr-8629	153	82	of	of	ADP
cblr-8629	153	83	dual	dual	ADJ
cblr-8629	153	84	class	class	NOUN
cblr-8629	153	85	voting	voting	NOUN
cblr-8629	153	86	structures	structure	NOUN
cblr-8629	153	87	is	be	AUX
cblr-8629	153	88	mixed	mixed	ADJ
cblr-8629	153	89	.	.	PUNCT
cblr-8629	154	1	a	a	DET
cblr-8629	154	2	number	number	NOUN
cblr-8629	154	3	of	of	ADP
cblr-8629	154	4	studies	study	NOUN
cblr-8629	154	5	have	have	AUX
cblr-8629	154	6	shown	show	VERB
cblr-8629	154	7	that	that	SCONJ
cblr-8629	154	8	dual	dual	ADJ
cblr-8629	154	9	class	class	NOUN
cblr-8629	154	10	stock	stock	NOUN
cblr-8629	154	11	enhances	enhance	VERB
cblr-8629	154	12	agency	agency	NOUN
cblr-8629	154	13	costs	cost	NOUN
cblr-8629	154	14	and	and	CCONJ
cblr-8629	154	15	reduces	reduce	VERB
cblr-8629	154	16	returns.36	returns.36	VERB
cblr-8629	154	17	the	the	DET
cblr-8629	154	18	challenge	challenge	NOUN
cblr-8629	154	19	is	be	AUX
cblr-8629	154	20	that	that	SCONJ
cblr-8629	154	21	these	these	PRON
cblr-8629	154	22	were	be	AUX
cblr-8629	154	23	studies	study	NOUN
cblr-8629	154	24	of	of	ADP
cblr-8629	154	25	older	old	ADJ
cblr-8629	154	26	dual	dual	ADJ
cblr-8629	154	27	class	class	NOUN
cblr-8629	154	28	firms	firm	NOUN
cblr-8629	154	29	such	such	ADJ
cblr-8629	154	30	as	as	ADP
cblr-8629	154	31	media	medium	NOUN
cblr-8629	154	32	companies.37	companies.37	NOUN
cblr-8629	154	33	newer	new	ADJ
cblr-8629	154	34	studies	study	NOUN
cblr-8629	154	35	that	that	PRON
cblr-8629	154	36	focus	focus	VERB
cblr-8629	154	37	on	on	ADP
cblr-8629	154	38	technology	technology	NOUN
cblr-8629	154	39	firms	firm	NOUN
cblr-8629	154	40	have	have	AUX
cblr-8629	154	41	found	find	VERB
cblr-8629	154	42	that	that	SCONJ
cblr-8629	154	43	,	,	PUNCT
cblr-8629	154	44	at	at	ADP
cblr-8629	154	45	least	least	ADJ
cblr-8629	154	46	in	in	ADP
cblr-8629	154	47	some	some	DET
cblr-8629	154	48	cases	case	NOUN
cblr-8629	154	49	,	,	PUNCT
cblr-8629	154	50	dual	dual	ADJ
cblr-8629	154	51	class	class	NOUN
cblr-8629	154	52	firms	firm	NOUN
cblr-8629	154	53	outperform	outperform	VERB
cblr-8629	154	54	firms	firm	NOUN
cblr-8629	154	55	with	with	ADP
cblr-8629	154	56	answering	answer	VERB
cblr-8629	154	57	whether	whether	SCONJ
cblr-8629	154	58	particular	particular	ADJ
cblr-8629	154	59	governance	governance	NOUN
cblr-8629	154	60	provisions	provision	NOUN
cblr-8629	154	61	are	be	AUX
cblr-8629	154	62	good	good	ADJ
cblr-8629	154	63	or	or	CCONJ
cblr-8629	154	64	bad	bad	ADJ
cblr-8629	154	65	.	.	PUNCT
cblr-8629	155	1	unfortunately	unfortunately	ADV
cblr-8629	155	2	,	,	PUNCT
cblr-8629	155	3	whether	whether	SCONJ
cblr-8629	155	4	and	and	CCONJ
cblr-8629	155	5	how	how	SCONJ
cblr-8629	155	6	the	the	DET
cblr-8629	155	7	market	market	NOUN
cblr-8629	155	8	prices	price	VERB
cblr-8629	155	9	corporate	corporate	ADJ
cblr-8629	155	10	governance	governance	NOUN
cblr-8629	155	11	remains	remain	VERB
cblr-8629	155	12	subject	subject	ADJ
cblr-8629	155	13	to	to	ADP
cblr-8629	155	14	dispute	dispute	VERB
cblr-8629	155	15	,	,	PUNCT
cblr-8629	155	16	as	as	ADP
cblr-8629	155	17	a	a	DET
cblr-8629	155	18	review	review	NOUN
cblr-8629	155	19	of	of	ADP
cblr-8629	155	20	the	the	DET
cblr-8629	155	21	recent	recent	ADJ
cblr-8629	155	22	literature	literature	NOUN
cblr-8629	155	23	shows	show	NOUN
cblr-8629	155	24	.	.	PUNCT
cblr-8629	155	25	”	"	PUNCT
cblr-8629	155	26	)	)	PUNCT
cblr-8629	155	27	.	.	PUNCT
cblr-8629	156	1	33	33	NUM
cblr-8629	156	2	lucian	lucian	PROPN
cblr-8629	156	3	a.	a.	PROPN
cblr-8629	156	4	bebchuk	bebchuk	PROPN
cblr-8629	156	5	&	&	CCONJ
cblr-8629	156	6	alma	alma	PROPN
cblr-8629	156	7	cohen	cohen	PROPN
cblr-8629	156	8	,	,	PUNCT
cblr-8629	156	9	the	the	DET
cblr-8629	156	10	costs	cost	NOUN
cblr-8629	156	11	of	of	ADP
cblr-8629	156	12	entrenched	entrenched	ADJ
cblr-8629	156	13	boards	board	NOUN
cblr-8629	156	14	,	,	PUNCT
cblr-8629	156	15	78	78	NUM
cblr-8629	156	16	j.	j.	PROPN
cblr-8629	156	17	fin	fin	PROPN
cblr-8629	156	18	.	.	PUNCT
cblr-8629	156	19	econ	econ	PROPN
cblr-8629	156	20	.	.	PUNCT
cblr-8629	156	21	409	409	NUM
cblr-8629	156	22	,	,	PUNCT
cblr-8629	156	23	410–11	410–11	NUM
cblr-8629	156	24	(	(	PUNCT
cblr-8629	156	25	2005	2005	NUM
cblr-8629	156	26	)	)	PUNCT
cblr-8629	157	1	[	[	X
cblr-8629	157	2	hereinafter	hereinafter	NOUN
cblr-8629	157	3	bebchuk	bebchuk	PROPN
cblr-8629	157	4	&	&	CCONJ
cblr-8629	157	5	cohen	cohen	PROPN
cblr-8629	157	6	,	,	PUNCT
cblr-8629	157	7	entrenched	entrenched	ADJ
cblr-8629	157	8	boards	board	NOUN
cblr-8629	157	9	]	]	PUNCT
cblr-8629	157	10	;	;	PUNCT
cblr-8629	157	11	see	see	VERB
cblr-8629	157	12	also	also	ADV
cblr-8629	157	13	supra	supra	ADJ
cblr-8629	157	14	note	note	NOUN
cblr-8629	157	15	30	30	NUM
cblr-8629	157	16	.	.	PUNCT
cblr-8629	157	17	34	34	NUM
cblr-8629	157	18	k.j	k.j	PROPN
cblr-8629	157	19	.	.	PUNCT
cblr-8629	158	1	martijn	martijn	PROPN
cblr-8629	158	2	cremers	cremers	PROPN
cblr-8629	158	3	,	,	PUNCT
cblr-8629	158	4	lubomir	lubomir	PROPN
cblr-8629	158	5	p.	p.	PROPN
cblr-8629	158	6	litov	litov	PROPN
cblr-8629	158	7	&	&	CCONJ
cblr-8629	158	8	simone	simone	PROPN
cblr-8629	158	9	m.	m.	PROPN
cblr-8629	158	10	sepe	sepe	PROPN
cblr-8629	158	11	,	,	PUNCT
cblr-8629	158	12	staggered	staggered	ADJ
cblr-8629	158	13	boards	board	NOUN
cblr-8629	158	14	and	and	CCONJ
cblr-8629	158	15	long	long	ADJ
cblr-8629	158	16	-	-	PUNCT
cblr-8629	158	17	term	term	NOUN
cblr-8629	158	18	firm	firm	ADJ
cblr-8629	158	19	value	value	NOUN
cblr-8629	158	20	,	,	PUNCT
cblr-8629	158	21	revisited	revisit	VERB
cblr-8629	158	22	,	,	PUNCT
cblr-8629	158	23	126	126	NUM
cblr-8629	158	24	j.	j.	PROPN
cblr-8629	158	25	fin	fin	PROPN
cblr-8629	158	26	.	.	PUNCT
cblr-8629	159	1	econ	econ	PROPN
cblr-8629	159	2	.	.	PUNCT
cblr-8629	160	1	422	422	NUM
cblr-8629	160	2	,	,	PUNCT
cblr-8629	160	3	424	424	NUM
cblr-8629	160	4	(	(	PUNCT
cblr-8629	160	5	2017	2017	NUM
cblr-8629	160	6	)	)	PUNCT
cblr-8629	160	7	;	;	PUNCT
cblr-8629	160	8	david	david	PROPN
cblr-8629	160	9	f.	f.	PROPN
cblr-8629	160	10	larcker	larcker	PROPN
cblr-8629	160	11	,	,	PUNCT
cblr-8629	160	12	gaizka	gaizka	PROPN
cblr-8629	160	13	ormazabal	ormazabal	PROPN
cblr-8629	160	14	&	&	CCONJ
cblr-8629	160	15	daniel	daniel	PROPN
cblr-8629	160	16	j.	j.	PROPN
cblr-8629	160	17	taylor	taylor	PROPN
cblr-8629	160	18	,	,	PUNCT
cblr-8629	160	19	the	the	DET
cblr-8629	160	20	market	market	NOUN
cblr-8629	160	21	reaction	reaction	NOUN
cblr-8629	160	22	to	to	ADP
cblr-8629	160	23	corporate	corporate	ADJ
cblr-8629	160	24	governance	governance	NOUN
cblr-8629	160	25	regulation	regulation	NOUN
cblr-8629	160	26	,	,	PUNCT
cblr-8629	160	27	101	101	NUM
cblr-8629	160	28	j.	j.	PROPN
cblr-8629	160	29	fin	fin	PROPN
cblr-8629	160	30	.	.	PUNCT
cblr-8629	160	31	econ	econ	PROPN
cblr-8629	160	32	.	.	PUNCT
cblr-8629	161	1	431	431	NUM
cblr-8629	161	2	,	,	PUNCT
cblr-8629	161	3	433	433	NUM
cblr-8629	161	4	(	(	PUNCT
cblr-8629	161	5	2011	2011	NUM
cblr-8629	161	6	)	)	PUNCT
cblr-8629	161	7	;	;	PUNCT
cblr-8629	162	1	cf	cf	X
cblr-8629	162	2	.	.	PUNCT
cblr-8629	163	1	also	also	ADV
cblr-8629	163	2	martijn	martijn	PROPN
cblr-8629	163	3	cremers	cremers	PROPN
cblr-8629	163	4	&	&	CCONJ
cblr-8629	163	5	allen	allen	PROPN
cblr-8629	163	6	ferrell	ferrell	PROPN
cblr-8629	163	7	,	,	PUNCT
cblr-8629	163	8	thirty	thirty	NUM
cblr-8629	163	9	years	year	NOUN
cblr-8629	163	10	of	of	ADP
cblr-8629	163	11	shareholder	shareholder	NOUN
cblr-8629	163	12	rights	right	NOUN
cblr-8629	163	13	and	and	CCONJ
cblr-8629	163	14	firm	firm	ADJ
cblr-8629	163	15	value	value	NOUN
cblr-8629	163	16	,	,	PUNCT
cblr-8629	163	17	69	69	NUM
cblr-8629	163	18	j.	j.	PROPN
cblr-8629	163	19	fin	fin	PROPN
cblr-8629	163	20	.	.	PUNCT
cblr-8629	163	21	1167	1167	NUM
cblr-8629	163	22	,	,	PUNCT
cblr-8629	163	23	1186	1186	NUM
cblr-8629	163	24	(	(	PUNCT
cblr-8629	163	25	2014	2014	NUM
cblr-8629	163	26	)	)	PUNCT
cblr-8629	163	27	(	(	PUNCT
cblr-8629	163	28	finding	find	VERB
cblr-8629	163	29	different	different	ADJ
cblr-8629	163	30	effects	effect	NOUN
cblr-8629	163	31	in	in	ADP
cblr-8629	163	32	different	different	ADJ
cblr-8629	163	33	periods	period	NOUN
cblr-8629	163	34	)	)	PUNCT
cblr-8629	163	35	.	.	PUNCT
cblr-8629	164	1	35	35	NUM
cblr-8629	164	2	yakov	yakov	PROPN
cblr-8629	164	3	amihud	amihud	PROPN
cblr-8629	164	4	,	,	PUNCT
cblr-8629	164	5	markus	markus	PROPN
cblr-8629	164	6	schmid	schmid	PROPN
cblr-8629	164	7	&	&	CCONJ
cblr-8629	164	8	steven	steven	PROPN
cblr-8629	164	9	davidoff	davidoff	PROPN
cblr-8629	164	10	solomon	solomon	PROPN
cblr-8629	164	11	,	,	PUNCT
cblr-8629	164	12	settling	settle	VERB
cblr-8629	164	13	the	the	DET
cblr-8629	164	14	staggered	staggered	ADJ
cblr-8629	164	15	board	board	NOUN
cblr-8629	164	16	debate	debate	NOUN
cblr-8629	164	17	,	,	PUNCT
cblr-8629	164	18	166	166	NUM
cblr-8629	164	19	u.	u.	PROPN
cblr-8629	164	20	pa	pa	PROPN
cblr-8629	164	21	.	.	PUNCT
cblr-8629	164	22	l.	l.	PROPN
cblr-8629	164	23	rev	rev	PROPN
cblr-8629	164	24	.	.	PROPN
cblr-8629	164	25	1475	1475	NUM
cblr-8629	164	26	,	,	PUNCT
cblr-8629	164	27	1505	1505	NUM
cblr-8629	164	28	(	(	PUNCT
cblr-8629	164	29	2018	2018	NUM
cblr-8629	164	30	)	)	PUNCT
cblr-8629	164	31	.	.	PUNCT
cblr-8629	165	1	36	36	NUM
cblr-8629	165	2	ronald	ronald	PROPN
cblr-8629	165	3	w.	w.	PROPN
cblr-8629	165	4	masulis	masulis	PROPN
cblr-8629	165	5	,	,	PUNCT
cblr-8629	165	6	cong	cong	PROPN
cblr-8629	165	7	wang	wang	PROPN
cblr-8629	165	8	&	&	CCONJ
cblr-8629	165	9	fei	fei	PROPN
cblr-8629	165	10	xie	xie	PROPN
cblr-8629	165	11	,	,	PUNCT
cblr-8629	165	12	agency	agency	NOUN
cblr-8629	165	13	problems	problem	NOUN
cblr-8629	165	14	at	at	ADP
cblr-8629	165	15	dualclass	dualclass	NOUN
cblr-8629	165	16	companies	company	NOUN
cblr-8629	165	17	,	,	PUNCT
cblr-8629	165	18	64	64	NUM
cblr-8629	165	19	j.	j.	PROPN
cblr-8629	165	20	fin	fin	PROPN
cblr-8629	165	21	.	.	PUNCT
cblr-8629	165	22	1697	1697	NUM
cblr-8629	165	23	,	,	PUNCT
cblr-8629	165	24	1722	1722	NUM
cblr-8629	165	25	(	(	PUNCT
cblr-8629	165	26	2009	2009	NUM
cblr-8629	165	27	)	)	PUNCT
cblr-8629	165	28	(	(	PUNCT
cblr-8629	165	29	finding	find	VERB
cblr-8629	165	30	that	that	SCONJ
cblr-8629	165	31	dual	dual	ADJ
cblr-8629	165	32	class	class	NOUN
cblr-8629	165	33	stock	stock	NOUN
cblr-8629	165	34	is	be	AUX
cblr-8629	165	35	associated	associate	VERB
cblr-8629	165	36	with	with	ADP
cblr-8629	165	37	increased	increase	VERB
cblr-8629	165	38	agency	agency	NOUN
cblr-8629	165	39	costs	cost	NOUN
cblr-8629	165	40	and	and	CCONJ
cblr-8629	165	41	reduced	reduce	VERB
cblr-8629	165	42	market	market	NOUN
cblr-8629	165	43	value	value	NOUN
cblr-8629	165	44	to	to	ADP
cblr-8629	165	45	minority	minority	NOUN
cblr-8629	165	46	shareholders	shareholder	NOUN
cblr-8629	165	47	)	)	PUNCT
cblr-8629	165	48	;	;	PUNCT
cblr-8629	165	49	paul	paul	PROPN
cblr-8629	165	50	a.	a.	PROPN
cblr-8629	165	51	gompers	gompers	PROPN
cblr-8629	165	52	,	,	PUNCT
cblr-8629	165	53	joy	joy	NOUN
cblr-8629	165	54	ishii	ishii	PROPN
cblr-8629	165	55	&	&	CCONJ
cblr-8629	165	56	andrew	andrew	PROPN
cblr-8629	165	57	metrick	metrick	PROPN
cblr-8629	165	58	,	,	PUNCT
cblr-8629	165	59	extreme	extreme	ADJ
cblr-8629	165	60	governance	governance	NOUN
cblr-8629	165	61	:	:	PUNCT
cblr-8629	165	62	an	an	DET
cblr-8629	165	63	analysis	analysis	NOUN
cblr-8629	165	64	of	of	ADP
cblr-8629	165	65	dual	dual	ADJ
cblr-8629	165	66	-	-	PUNCT
cblr-8629	165	67	class	class	NOUN
cblr-8629	165	68	firms	firm	NOUN
cblr-8629	165	69	in	in	ADP
cblr-8629	165	70	the	the	DET
cblr-8629	165	71	united	united	PROPN
cblr-8629	165	72	states	states	PROPN
cblr-8629	165	73	,	,	PUNCT
cblr-8629	165	74	23	23	NUM
cblr-8629	165	75	rev	rev	X
cblr-8629	165	76	.	.	PROPN
cblr-8629	165	77	fin	fin	NOUN
cblr-8629	165	78	.	.	PUNCT
cblr-8629	165	79	stud	stud	PROPN
cblr-8629	165	80	.	.	PUNCT
cblr-8629	166	1	1051	1051	NUM
cblr-8629	166	2	,	,	PUNCT
cblr-8629	166	3	1084–85	1084–85	NUM
cblr-8629	166	4	(	(	PUNCT
cblr-8629	166	5	2010	2010	NUM
cblr-8629	166	6	)	)	PUNCT
cblr-8629	166	7	(	(	PUNCT
cblr-8629	166	8	reporting	report	VERB
cblr-8629	166	9	that	that	SCONJ
cblr-8629	166	10	dual	dual	ADJ
cblr-8629	166	11	class	class	NOUN
cblr-8629	166	12	companies	company	NOUN
cblr-8629	166	13	were	be	AUX
cblr-8629	166	14	associated	associate	VERB
cblr-8629	166	15	with	with	ADP
cblr-8629	166	16	higher	high	ADJ
cblr-8629	166	17	agency	agency	NOUN
cblr-8629	166	18	costs	cost	NOUN
cblr-8629	166	19	and	and	CCONJ
cblr-8629	166	20	lower	low	ADJ
cblr-8629	166	21	firm	firm	ADJ
cblr-8629	166	22	value	value	NOUN
cblr-8629	166	23	)	)	PUNCT
cblr-8629	166	24	.	.	PUNCT
cblr-8629	167	1	37	37	NUM
cblr-8629	167	2	both	both	CCONJ
cblr-8629	167	3	the	the	DET
cblr-8629	167	4	gompers	gomper	NOUN
cblr-8629	167	5	et	et	PROPN
cblr-8629	167	6	al	al	PROPN
cblr-8629	167	7	.	.	PROPN
cblr-8629	167	8	and	and	CCONJ
cblr-8629	167	9	masulis	masuli	NOUN
cblr-8629	167	10	et	et	PROPN
cblr-8629	167	11	al	al	PROPN
cblr-8629	167	12	.	.	PUNCT
cblr-8629	168	1	studies	study	NOUN
cblr-8629	168	2	are	be	AUX
cblr-8629	168	3	based	base	VERB
cblr-8629	168	4	on	on	ADP
cblr-8629	168	5	the	the	DET
cblr-8629	168	6	same	same	ADJ
cblr-8629	168	7	sample	sample	NOUN
cblr-8629	168	8	of	of	ADP
cblr-8629	168	9	u.s	u.s	PROPN
cblr-8629	168	10	.	.	PROPN
cblr-8629	168	11	firms	firm	NOUN
cblr-8629	168	12	from	from	ADP
cblr-8629	168	13	1994	1994	NUM
cblr-8629	168	14	to	to	ADP
cblr-8629	168	15	2002	2002	NUM
cblr-8629	168	16	.	.	PUNCT
cblr-8629	169	1	see	see	VERB
cblr-8629	169	2	masulis	masulis	PROPN
cblr-8629	169	3	et	et	PROPN
cblr-8629	169	4	al	al	PROPN
cblr-8629	169	5	.	.	PROPN
cblr-8629	169	6	,	,	PUNCT
cblr-8629	169	7	supra	supra	PROPN
cblr-8629	169	8	note	note	PROPN
cblr-8629	169	9	36	36	NUM
cblr-8629	169	10	,	,	PUNCT
cblr-8629	169	11	at	at	ADP
cblr-8629	169	12	1700	1700	NUM
cblr-8629	169	13	,	,	PUNCT
cblr-8629	169	14	1717	1717	NUM
cblr-8629	169	15	&	&	CCONJ
cblr-8629	169	16	n.22	n.22	PRON
cblr-8629	169	17	(	(	PUNCT
cblr-8629	169	18	describing	describe	VERB
cblr-8629	169	19	the	the	DET
cblr-8629	169	20	sample	sample	NOUN
cblr-8629	169	21	)	)	PUNCT
cblr-8629	169	22	.	.	PUNCT
cblr-8629	170	1	ahn	ahn	PROPN
cblr-8629	170	2	et	et	PROPN
cblr-8629	170	3	al	al	PROPN
cblr-8629	170	4	.	.	PROPN
cblr-8629	171	1	8/20/2021	8/20/2021	NUM
cblr-8629	171	2	6:14	6:14	NUM
cblr-8629	171	3	pm	pm	NOUN
cblr-8629	171	4	no	no	NOUN
cblr-8629	171	5	.	.	PUNCT
cblr-8629	172	1	2:476	2:476	NUM
cblr-8629	172	2	]	]	X
cblr-8629	172	3	synthetic	synthetic	ADJ
cblr-8629	172	4	governance	governance	NOUN
cblr-8629	172	5	487	487	NUM
cblr-8629	172	6	one	one	NUM
cblr-8629	172	7	share	share	NOUN
cblr-8629	172	8	/	/	SYM
cblr-8629	172	9	one	one	NUM
cblr-8629	172	10	vote	vote	NOUN
cblr-8629	172	11	structures.38	structures.38	NOUN
cblr-8629	172	12	studies	study	NOUN
cblr-8629	172	13	also	also	ADV
cblr-8629	172	14	provide	provide	VERB
cblr-8629	172	15	support	support	NOUN
cblr-8629	172	16	for	for	ADP
cblr-8629	172	17	the	the	DET
cblr-8629	172	18	proposition	proposition	NOUN
cblr-8629	172	19	that	that	SCONJ
cblr-8629	172	20	the	the	DET
cblr-8629	172	21	economic	economic	ADJ
cblr-8629	172	22	value	value	NOUN
cblr-8629	172	23	of	of	ADP
cblr-8629	172	24	a	a	DET
cblr-8629	172	25	dual	dual	ADJ
cblr-8629	172	26	class	class	NOUN
cblr-8629	172	27	structure	structure	NOUN
cblr-8629	172	28	evaporates	evaporate	VERB
cblr-8629	172	29	over	over	ADP
cblr-8629	172	30	time	time	NOUN
cblr-8629	172	31	,	,	PUNCT
cblr-8629	172	32	although	although	SCONJ
cblr-8629	172	33	these	these	DET
cblr-8629	172	34	studies	study	NOUN
cblr-8629	172	35	document	document	NOUN
cblr-8629	172	36	confounding	confound	VERB
cblr-8629	172	37	factors	factor	NOUN
cblr-8629	172	38	such	such	ADJ
cblr-8629	172	39	as	as	ADP
cblr-8629	172	40	a	a	DET
cblr-8629	172	41	decline	decline	NOUN
cblr-8629	172	42	in	in	ADP
cblr-8629	172	43	the	the	DET
cblr-8629	172	44	economic	economic	ADJ
cblr-8629	172	45	stake	stake	NOUN
cblr-8629	172	46	and	and	CCONJ
cblr-8629	172	47	involvement	involvement	NOUN
cblr-8629	172	48	of	of	ADP
cblr-8629	172	49	the	the	DET
cblr-8629	172	50	founder.39	founder.39	NOUN
cblr-8629	172	51	these	these	DET
cblr-8629	172	52	findings	finding	NOUN
cblr-8629	172	53	reinforce	reinforce	VERB
cblr-8629	172	54	the	the	DET
cblr-8629	172	55	notion	notion	NOUN
cblr-8629	172	56	that	that	SCONJ
cblr-8629	172	57	dual	dual	ADJ
cblr-8629	172	58	class	class	NOUN
cblr-8629	172	59	structures	structure	NOUN
cblr-8629	172	60	allow	allow	VERB
cblr-8629	172	61	founders	founder	NOUN
cblr-8629	172	62	to	to	PART
cblr-8629	172	63	focus	focus	VERB
cblr-8629	172	64	on	on	ADP
cblr-8629	172	65	the	the	DET
cblr-8629	172	66	long	long	ADJ
cblr-8629	172	67	term	term	NOUN
cblr-8629	172	68	,	,	PUNCT
cblr-8629	172	69	but	but	CCONJ
cblr-8629	172	70	that	that	DET
cblr-8629	172	71	performance	performance	NOUN
cblr-8629	172	72	dissipates	dissipate	VERB
cblr-8629	172	73	as	as	SCONJ
cblr-8629	172	74	founders	founder	NOUN
cblr-8629	172	75	sell	sell	VERB
cblr-8629	172	76	their	their	PRON
cblr-8629	172	77	stakes	stake	NOUN
cblr-8629	172	78	or	or	CCONJ
cblr-8629	172	79	reduce	reduce	VERB
cblr-8629	172	80	their	their	PRON
cblr-8629	172	81	efforts	effort	NOUN
cblr-8629	172	82	to	to	PART
cblr-8629	172	83	develop	develop	VERB
cblr-8629	172	84	the	the	DET
cblr-8629	172	85	business	business	NOUN
cblr-8629	172	86	.	.	PUNCT
cblr-8629	173	1	one	one	NUM
cblr-8629	173	2	reason	reason	NOUN
cblr-8629	173	3	for	for	ADP
cblr-8629	173	4	the	the	DET
cblr-8629	173	5	failure	failure	NOUN
cblr-8629	173	6	of	of	ADP
cblr-8629	173	7	empirical	empirical	ADJ
cblr-8629	173	8	analysis	analysis	NOUN
cblr-8629	173	9	conclusively	conclusively	ADV
cblr-8629	173	10	to	to	PART
cblr-8629	173	11	resolve	resolve	VERB
cblr-8629	173	12	the	the	DET
cblr-8629	173	13	value	value	NOUN
cblr-8629	173	14	of	of	ADP
cblr-8629	173	15	governance	governance	NOUN
cblr-8629	173	16	mechanisms	mechanism	NOUN
cblr-8629	173	17	is	be	AUX
cblr-8629	173	18	that	that	SCONJ
cblr-8629	173	19	the	the	DET
cblr-8629	173	20	empirical	empirical	ADJ
cblr-8629	173	21	methodology	methodology	NOUN
cblr-8629	173	22	faces	face	VERB
cblr-8629	173	23	several	several	ADJ
cblr-8629	173	24	challenges	challenge	NOUN
cblr-8629	173	25	.	.	PUNCT
cblr-8629	174	1	for	for	ADP
cblr-8629	174	2	example	example	NOUN
cblr-8629	174	3	,	,	PUNCT
cblr-8629	174	4	the	the	DET
cblr-8629	174	5	research	research	NOUN
cblr-8629	174	6	design	design	NOUN
cblr-8629	174	7	of	of	ADP
cblr-8629	174	8	most	most	ADJ
cblr-8629	174	9	studies	study	NOUN
cblr-8629	174	10	allow	allow	VERB
cblr-8629	174	11	them	they	PRON
cblr-8629	174	12	to	to	PART
cblr-8629	174	13	identify	identify	VERB
cblr-8629	174	14	correlation	correlation	NOUN
cblr-8629	174	15	,	,	PUNCT
cblr-8629	174	16	but	but	CCONJ
cblr-8629	174	17	evidence	evidence	NOUN
cblr-8629	174	18	on	on	ADP
cblr-8629	174	19	causality	causality	NOUN
cblr-8629	174	20	remains	remain	VERB
cblr-8629	174	21	limited	limited	ADJ
cblr-8629	174	22	.	.	PUNCT
cblr-8629	175	1	as	as	SCONJ
cblr-8629	175	2	one	one	NUM
cblr-8629	175	3	commentator	commentator	NOUN
cblr-8629	175	4	explains	explain	VERB
cblr-8629	175	5	,	,	PUNCT
cblr-8629	175	6	“	"	PUNCT
cblr-8629	175	7	[	[	X
cblr-8629	175	8	e]ven	e]ven	ADJ
cblr-8629	175	9	those	those	PRON
cblr-8629	175	10	who	who	PRON
cblr-8629	175	11	have	have	AUX
cblr-8629	175	12	written	write	VERB
cblr-8629	175	13	extensively	extensively	ADV
cblr-8629	175	14	on	on	ADP
cblr-8629	175	15	the	the	DET
cblr-8629	175	16	correlation	correlation	NOUN
cblr-8629	175	17	of	of	ADP
cblr-8629	175	18	governance	governance	NOUN
cblr-8629	175	19	,	,	PUNCT
cblr-8629	175	20	generally	generally	ADV
cblr-8629	175	21	or	or	CCONJ
cblr-8629	175	22	with	with	ADP
cblr-8629	175	23	respect	respect	NOUN
cblr-8629	175	24	to	to	ADP
cblr-8629	175	25	specific	specific	ADJ
cblr-8629	175	26	governance	governance	NOUN
cblr-8629	175	27	factors	factor	NOUN
cblr-8629	175	28	,	,	PUNCT
cblr-8629	175	29	with	with	ADP
cblr-8629	175	30	company	company	NOUN
cblr-8629	175	31	performance	performance	NOUN
cblr-8629	175	32	have	have	AUX
cblr-8629	175	33	largely	largely	ADV
cblr-8629	175	34	rejected	reject	VERB
cblr-8629	175	35	the	the	DET
cblr-8629	175	36	existence	existence	NOUN
cblr-8629	175	37	of	of	ADP
cblr-8629	175	38	a	a	DET
cblr-8629	175	39	causal	causal	ADJ
cblr-8629	175	40	connection	connection	NOUN
cblr-8629	175	41	.	.	PUNCT
cblr-8629	176	1	”40	”40	NOUN
cblr-8629	176	2	in	in	ADP
cblr-8629	176	3	addition	addition	NOUN
cblr-8629	176	4	,	,	PUNCT
cblr-8629	176	5	many	many	ADJ
cblr-8629	176	6	studies	study	NOUN
cblr-8629	176	7	of	of	ADP
cblr-8629	176	8	corporate	corporate	ADJ
cblr-8629	176	9	governance	governance	NOUN
cblr-8629	176	10	suffer	suffer	VERB
cblr-8629	176	11	from	from	ADP
cblr-8629	176	12	an	an	DET
cblr-8629	176	13	endogeneity	endogeneity	NOUN
cblr-8629	176	14	problem	problem	NOUN
cblr-8629	176	15	.	.	PUNCT
cblr-8629	177	1	they	they	PRON
cblr-8629	177	2	can	can	AUX
cblr-8629	177	3	not	not	PART
cblr-8629	177	4	separate	separate	VERB
cblr-8629	177	5	out	out	ADP
cblr-8629	177	6	whether	whether	SCONJ
cblr-8629	177	7	governance	governance	NOUN
cblr-8629	177	8	is	be	AUX
cblr-8629	177	9	causing	cause	VERB
cblr-8629	177	10	a	a	DET
cblr-8629	177	11	value	value	NOUN
cblr-8629	177	12	increase	increase	NOUN
cblr-8629	177	13	in	in	ADP
cblr-8629	177	14	the	the	DET
cblr-8629	177	15	firm	firm	NOUN
cblr-8629	177	16	or	or	CCONJ
cblr-8629	177	17	governance	governance	NOUN
cblr-8629	177	18	is	be	AUX
cblr-8629	177	19	a	a	DET
cblr-8629	177	20	proxy	proxy	NOUN
cblr-8629	177	21	for	for	ADP
cblr-8629	177	22	other	other	ADJ
cblr-8629	177	23	characteristics	characteristic	NOUN
cblr-8629	177	24	which	which	PRON
cblr-8629	177	25	enhance	enhance	VERB
cblr-8629	177	26	firm	firm	ADJ
cblr-8629	177	27	value.41	value.41	NOUN
cblr-8629	177	28	in	in	ADP
cblr-8629	177	29	other	other	ADJ
cblr-8629	177	30	words	word	NOUN
cblr-8629	177	31	,	,	PUNCT
cblr-8629	177	32	it	it	PRON
cblr-8629	177	33	may	may	AUX
cblr-8629	177	34	simply	simply	ADV
cblr-8629	177	35	be	be	AUX
cblr-8629	177	36	the	the	DET
cblr-8629	177	37	case	case	NOUN
cblr-8629	177	38	that	that	SCONJ
cblr-8629	177	39	well	well	ADV
cblr-8629	177	40	-	-	PUNCT
cblr-8629	177	41	managed	manage	VERB
cblr-8629	177	42	firms	firm	NOUN
cblr-8629	177	43	have	have	VERB
cblr-8629	177	44	good	good	ADJ
cblr-8629	177	45	corporate	corporate	ADJ
cblr-8629	177	46	governance	governance	NOUN
cblr-8629	177	47	,	,	PUNCT
cblr-8629	177	48	and	and	CCONJ
cblr-8629	177	49	that	that	SCONJ
cblr-8629	177	50	poorly	poorly	ADV
cblr-8629	177	51	-	-	PUNCT
cblr-8629	177	52	managed	manage	VERB
cblr-8629	177	53	firms	firm	NOUN
cblr-8629	177	54	do	do	VERB
cblr-8629	177	55	not	not	PART
cblr-8629	177	56	.	.	PUNCT
cblr-8629	178	1	studies	study	NOUN
cblr-8629	178	2	of	of	ADP
cblr-8629	178	3	dual	dual	ADJ
cblr-8629	178	4	class	class	NOUN
cblr-8629	178	5	stock	stock	NOUN
cblr-8629	178	6	raise	raise	VERB
cblr-8629	178	7	particular	particular	ADJ
cblr-8629	178	8	concerns	concern	NOUN
cblr-8629	178	9	about	about	ADP
cblr-8629	178	10	endogeneity.42	endogeneity.42	NOUN
cblr-8629	178	11	an	an	DET
cblr-8629	178	12	issuer	issuer	NOUN
cblr-8629	178	13	’s	’s	PART
cblr-8629	178	14	decision	decision	NOUN
cblr-8629	178	15	to	to	PART
cblr-8629	178	16	go	go	VERB
cblr-8629	178	17	public	public	ADJ
cblr-8629	178	18	with	with	ADP
cblr-8629	178	19	a	a	DET
cblr-8629	178	20	dual	dual	ADJ
cblr-8629	178	21	class	class	NOUN
cblr-8629	178	22	voting	voting	NOUN
cblr-8629	178	23	structure	structure	NOUN
cblr-8629	178	24	may	may	AUX
cblr-8629	178	25	reflect	reflect	VERB
cblr-8629	178	26	its	its	PRON
cblr-8629	178	27	superior	superior	ADJ
cblr-8629	178	28	performance	performance	NOUN
cblr-8629	178	29	,	,	PUNCT
cblr-8629	178	30	which	which	PRON
cblr-8629	178	31	makes	make	VERB
cblr-8629	178	32	shareholders	shareholder	NOUN
cblr-8629	178	33	willing	willing	ADJ
cblr-8629	178	34	to	to	ADP
cblr-8629	178	35	38	38	NUM
cblr-8629	178	36	see	see	VERB
cblr-8629	178	37	jill	jill	PROPN
cblr-8629	178	38	fisch	fisch	PROPN
cblr-8629	178	39	&	&	CCONJ
cblr-8629	178	40	steven	steven	PROPN
cblr-8629	178	41	davidoff	davidoff	PROPN
cblr-8629	178	42	solomon	solomon	PROPN
cblr-8629	178	43	,	,	PUNCT
cblr-8629	178	44	the	the	DET
cblr-8629	178	45	problem	problem	NOUN
cblr-8629	178	46	of	of	ADP
cblr-8629	178	47	sunsets	sunset	NOUN
cblr-8629	178	48	,	,	PUNCT
cblr-8629	178	49	99	99	NUM
cblr-8629	178	50	b.u	b.u	PROPN
cblr-8629	178	51	.	.	PROPN
cblr-8629	178	52	l.	l.	PROPN
cblr-8629	178	53	rev	rev	PROPN
cblr-8629	178	54	.	.	PROPN
cblr-8629	178	55	1057	1057	NUM
cblr-8629	178	56	,	,	PUNCT
cblr-8629	178	57	1072–75	1072–75	NUM
cblr-8629	178	58	(	(	PUNCT
cblr-8629	178	59	2019	2019	NUM
cblr-8629	178	60	)	)	PUNCT
cblr-8629	178	61	(	(	PUNCT
cblr-8629	178	62	describing	describe	VERB
cblr-8629	178	63	empirical	empirical	ADJ
cblr-8629	178	64	studies	study	NOUN
cblr-8629	178	65	finding	find	VERB
cblr-8629	178	66	that	that	SCONJ
cblr-8629	178	67	dual	dual	ADJ
cblr-8629	178	68	class	class	NOUN
cblr-8629	178	69	forms	form	NOUN
cblr-8629	178	70	initially	initially	ADV
cblr-8629	178	71	outperform	outperform	VERB
cblr-8629	178	72	but	but	CCONJ
cblr-8629	178	73	that	that	SCONJ
cblr-8629	178	74	this	this	DET
cblr-8629	178	75	outperformance	outperformance	NOUN
cblr-8629	178	76	dissipates	dissipate	VERB
cblr-8629	178	77	over	over	ADP
cblr-8629	178	78	time	time	NOUN
cblr-8629	178	79	)	)	PUNCT
cblr-8629	178	80	.	.	PUNCT
cblr-8629	179	1	39	39	NUM
cblr-8629	180	1	i	i	PRON
cblr-8629	180	2	d.	d.	PROPN
cblr-8629	180	3	40	40	NUM
cblr-8629	180	4	laura	laura	PROPN
cblr-8629	180	5	kabler	kabler	NOUN
cblr-8629	180	6	,	,	PUNCT
cblr-8629	180	7	money	money	NOUN
cblr-8629	180	8	in	in	ADP
cblr-8629	180	9	the	the	DET
cblr-8629	180	10	game	game	NOUN
cblr-8629	180	11	:	:	PUNCT
cblr-8629	180	12	executing	execute	VERB
cblr-8629	180	13	a	a	DET
cblr-8629	180	14	governance	governance	NOUN
cblr-8629	180	15	-	-	PUNCT
cblr-8629	180	16	based	base	VERB
cblr-8629	180	17	hedge	hedge	NOUN
cblr-8629	180	18	fund	fund	NOUN
cblr-8629	180	19	strategy	strategy	NOUN
cblr-8629	180	20	,	,	PUNCT
cblr-8629	180	21	12	12	NUM
cblr-8629	180	22	stan	stan	NOUN
cblr-8629	180	23	.	.	PUNCT
cblr-8629	181	1	j.l	j.l	PROPN
cblr-8629	181	2	.	.	PROPN
cblr-8629	181	3	bus	bus	PROPN
cblr-8629	181	4	.	.	PUNCT
cblr-8629	181	5	&	&	CCONJ
cblr-8629	181	6	fin	fin	PROPN
cblr-8629	181	7	.	.	PROPN
cblr-8629	182	1	121	121	NUM
cblr-8629	182	2	,	,	PUNCT
cblr-8629	182	3	122	122	NUM
cblr-8629	182	4	(	(	PUNCT
cblr-8629	182	5	2006	2006	NUM
cblr-8629	182	6	)	)	PUNCT
cblr-8629	182	7	.	.	PUNCT
cblr-8629	183	1	41	41	NUM
cblr-8629	183	2	see	see	VERB
cblr-8629	183	3	,	,	PUNCT
cblr-8629	183	4	e.g.	e.g.	ADV
cblr-8629	183	5	,	,	PUNCT
cblr-8629	183	6	amihud	amihud	PROPN
cblr-8629	183	7	et	et	PROPN
cblr-8629	183	8	al	al	PROPN
cblr-8629	183	9	.	.	PROPN
cblr-8629	183	10	,	,	PUNCT
cblr-8629	183	11	supra	supra	PROPN
cblr-8629	183	12	note	note	PROPN
cblr-8629	183	13	35	35	NUM
cblr-8629	183	14	,	,	PUNCT
cblr-8629	183	15	at	at	ADP
cblr-8629	183	16	1501–05	1501–05	NUM
cblr-8629	183	17	(	(	PUNCT
cblr-8629	183	18	highlighting	highlight	VERB
cblr-8629	183	19	this	this	DET
cblr-8629	183	20	issue	issue	NOUN
cblr-8629	183	21	in	in	ADP
cblr-8629	183	22	valuing	value	VERB
cblr-8629	183	23	the	the	DET
cblr-8629	183	24	adoption	adoption	NOUN
cblr-8629	183	25	or	or	CCONJ
cblr-8629	183	26	removal	removal	NOUN
cblr-8629	183	27	of	of	ADP
cblr-8629	183	28	staggered	staggered	ADJ
cblr-8629	183	29	board	board	NOUN
cblr-8629	183	30	provisions	provision	NOUN
cblr-8629	183	31	)	)	PUNCT
cblr-8629	183	32	.	.	PUNCT
cblr-8629	184	1	42	42	NUM
cblr-8629	184	2	see	see	VERB
cblr-8629	184	3	,	,	PUNCT
cblr-8629	184	4	e.g.	e.g.	ADV
cblr-8629	184	5	,	,	PUNCT
cblr-8629	184	6	masulis	masulis	PROPN
cblr-8629	184	7	et	et	PROPN
cblr-8629	184	8	al	al	PROPN
cblr-8629	184	9	.	.	PROPN
cblr-8629	184	10	,	,	PUNCT
cblr-8629	184	11	supra	supra	PROPN
cblr-8629	184	12	note	note	PROPN
cblr-8629	184	13	36	36	NUM
cblr-8629	184	14	,	,	PUNCT
cblr-8629	184	15	at	at	ADP
cblr-8629	184	16	1719–20	1719–20	PROPN
cblr-8629	184	17	(	(	PUNCT
cblr-8629	184	18	acknowledging	acknowledge	VERB
cblr-8629	184	19	and	and	CCONJ
cblr-8629	184	20	attempting	attempt	VERB
cblr-8629	184	21	to	to	PART
cblr-8629	184	22	address	address	VERB
cblr-8629	184	23	the	the	DET
cblr-8629	184	24	endogeneity	endogeneity	NOUN
cblr-8629	184	25	problem	problem	NOUN
cblr-8629	184	26	)	)	PUNCT
cblr-8629	184	27	.	.	PUNCT
cblr-8629	185	1	ahn	ahn	PROPN
cblr-8629	185	2	et	et	PROPN
cblr-8629	185	3	al	al	PROPN
cblr-8629	185	4	.	.	PROPN
cblr-8629	186	1	8/20/2021	8/20/2021	NUM
cblr-8629	186	2	6:14	6:14	NUM
cblr-8629	186	3	pm	pm	NOUN
cblr-8629	186	4	488	488	NUM
cblr-8629	186	5	columbia	columbia	PROPN
cblr-8629	186	6	business	business	NOUN
cblr-8629	186	7	law	law	PROPN
cblr-8629	186	8	review	review	NOUN
cblr-8629	186	9	[	[	X
cblr-8629	186	10	vol	vol	NOUN
cblr-8629	186	11	.	.	PUNCT
cblr-8629	186	12	2021	2021	NUM
cblr-8629	186	13	invest	invest	VERB
cblr-8629	186	14	notwithstanding	notwithstanding	ADP
cblr-8629	186	15	the	the	DET
cblr-8629	186	16	firm	firm	NOUN
cblr-8629	186	17	’s	’s	PART
cblr-8629	186	18	voting	voting	NOUN
cblr-8629	186	19	structure	structure	NOUN
cblr-8629	186	20	.	.	PUNCT
cblr-8629	187	1	in	in	ADP
cblr-8629	187	2	other	other	ADJ
cblr-8629	187	3	words	word	NOUN
cblr-8629	187	4	,	,	PUNCT
cblr-8629	187	5	dual	dual	ADJ
cblr-8629	187	6	class	class	NOUN
cblr-8629	187	7	stock	stock	NOUN
cblr-8629	187	8	may	may	AUX
cblr-8629	187	9	be	be	AUX
cblr-8629	187	10	a	a	DET
cblr-8629	187	11	result	result	NOUN
cblr-8629	187	12	of	of	ADP
cblr-8629	187	13	the	the	DET
cblr-8629	187	14	issuer	issuer	NOUN
cblr-8629	187	15	’s	’s	PART
cblr-8629	187	16	high	high	ADJ
cblr-8629	187	17	performance	performance	NOUN
cblr-8629	187	18	rather	rather	ADV
cblr-8629	187	19	than	than	ADP
cblr-8629	187	20	the	the	DET
cblr-8629	187	21	cause	cause	NOUN
cblr-8629	187	22	of	of	ADP
cblr-8629	187	23	that	that	DET
cblr-8629	187	24	performance	performance	NOUN
cblr-8629	187	25	.	.	PUNCT
cblr-8629	188	1	moreover	moreover	ADV
cblr-8629	188	2	,	,	PUNCT
cblr-8629	188	3	the	the	DET
cblr-8629	188	4	growth	growth	NOUN
cblr-8629	188	5	in	in	ADP
cblr-8629	188	6	dual	dual	ADJ
cblr-8629	188	7	class	class	NOUN
cblr-8629	188	8	companies	company	NOUN
cblr-8629	188	9	has	have	AUX
cblr-8629	188	10	occurred	occur	VERB
cblr-8629	188	11	relatively	relatively	ADV
cblr-8629	188	12	recently	recently	ADV
cblr-8629	188	13	,	,	PUNCT
cblr-8629	188	14	posing	pose	VERB
cblr-8629	188	15	challenges	challenge	NOUN
cblr-8629	188	16	in	in	ADP
cblr-8629	188	17	empirically	empirically	ADV
cblr-8629	188	18	assessing	assess	VERB
cblr-8629	188	19	its	its	PRON
cblr-8629	188	20	long	long	ADJ
cblr-8629	188	21	-	-	PUNCT
cblr-8629	188	22	term	term	NOUN
cblr-8629	188	23	effect	effect	NOUN
cblr-8629	188	24	.	.	PUNCT
cblr-8629	189	1	it	it	PRON
cblr-8629	189	2	may	may	AUX
cblr-8629	189	3	be	be	AUX
cblr-8629	189	4	that	that	SCONJ
cblr-8629	189	5	the	the	DET
cblr-8629	189	6	studies	study	NOUN
cblr-8629	189	7	finding	find	VERB
cblr-8629	189	8	impact	impact	NOUN
cblr-8629	189	9	of	of	ADP
cblr-8629	189	10	dual	dual	ADJ
cblr-8629	189	11	class	class	NOUN
cblr-8629	189	12	are	be	AUX
cblr-8629	189	13	dependent	dependent	ADJ
cblr-8629	189	14	upon	upon	SCONJ
cblr-8629	189	15	an	an	DET
cblr-8629	189	16	early	early	ADJ
cblr-8629	189	17	crop	crop	NOUN
cblr-8629	189	18	of	of	ADP
cblr-8629	189	19	technology	technology	NOUN
cblr-8629	189	20	outperformers	outperformer	NOUN
cblr-8629	189	21	such	such	ADJ
cblr-8629	189	22	as	as	ADP
cblr-8629	189	23	google.43	google.43	NOUN
cblr-8629	189	24	in	in	ADP
cblr-8629	189	25	addition	addition	NOUN
cblr-8629	189	26	,	,	PUNCT
cblr-8629	189	27	it	it	PRON
cblr-8629	189	28	is	be	AUX
cblr-8629	189	29	unclear	unclear	ADJ
cblr-8629	189	30	whether	whether	SCONJ
cblr-8629	189	31	a	a	DET
cblr-8629	189	32	given	give	VERB
cblr-8629	189	33	governance	governance	NOUN
cblr-8629	189	34	provision	provision	NOUN
cblr-8629	189	35	will	will	AUX
cblr-8629	189	36	affect	affect	VERB
cblr-8629	189	37	all	all	DET
cblr-8629	189	38	issuers	issuer	NOUN
cblr-8629	189	39	the	the	DET
cblr-8629	189	40	same	same	ADJ
cblr-8629	189	41	way	way	NOUN
cblr-8629	189	42	.	.	PUNCT
cblr-8629	190	1	a	a	DET
cblr-8629	190	2	substantial	substantial	ADJ
cblr-8629	190	3	percentage	percentage	NOUN
cblr-8629	190	4	of	of	ADP
cblr-8629	190	5	corporate	corporate	ADJ
cblr-8629	190	6	governance	governance	NOUN
cblr-8629	190	7	studies	study	NOUN
cblr-8629	190	8	assume	assume	VERB
cblr-8629	190	9	that	that	SCONJ
cblr-8629	190	10	it	it	PRON
cblr-8629	190	11	will	will	AUX
cblr-8629	190	12	,	,	PUNCT
cblr-8629	190	13	examining	examine	VERB
cblr-8629	190	14	the	the	DET
cblr-8629	190	15	effect	effect	NOUN
cblr-8629	190	16	of	of	ADP
cblr-8629	190	17	a	a	DET
cblr-8629	190	18	particular	particular	ADJ
cblr-8629	190	19	corporate	corporate	ADJ
cblr-8629	190	20	governance	governance	NOUN
cblr-8629	190	21	provision	provision	NOUN
cblr-8629	190	22	across	across	ADP
cblr-8629	190	23	all	all	DET
cblr-8629	190	24	firms	firm	NOUN
cblr-8629	190	25	and	and	CCONJ
cblr-8629	190	26	evaluating	evaluate	VERB
cblr-8629	190	27	the	the	DET
cblr-8629	190	28	effect	effect	NOUN
cblr-8629	190	29	of	of	ADP
cblr-8629	190	30	that	that	DET
cblr-8629	190	31	provision	provision	NOUN
cblr-8629	190	32	on	on	ADP
cblr-8629	190	33	the	the	DET
cblr-8629	190	34	average	average	ADJ
cblr-8629	190	35	firm.44	firm.44	NOUN
cblr-8629	190	36	yet	yet	CCONJ
cblr-8629	190	37	this	this	DET
cblr-8629	190	38	assumption	assumption	NOUN
cblr-8629	190	39	is	be	AUX
cblr-8629	190	40	problematic	problematic	ADJ
cblr-8629	190	41	.	.	PUNCT
cblr-8629	191	1	firms	firm	NOUN
cblr-8629	191	2	differ	differ	VERB
cblr-8629	191	3	substantially	substantially	ADV
cblr-8629	191	4	along	along	ADP
cblr-8629	191	5	various	various	ADJ
cblr-8629	191	6	dimensions	dimension	NOUN
cblr-8629	191	7	,	,	PUNCT
cblr-8629	191	8	and	and	CCONJ
cblr-8629	191	9	the	the	DET
cblr-8629	191	10	effects	effect	NOUN
cblr-8629	191	11	of	of	ADP
cblr-8629	191	12	specific	specific	ADJ
cblr-8629	191	13	governance	governance	NOUN
cblr-8629	191	14	terms	term	NOUN
cblr-8629	191	15	may	may	AUX
cblr-8629	191	16	be	be	AUX
cblr-8629	191	17	heterogenous	heterogenous	ADJ
cblr-8629	191	18	as	as	ADV
cblr-8629	191	19	well	well	ADV
cblr-8629	191	20	.	.	PUNCT
cblr-8629	192	1	thus	thus	ADV
cblr-8629	192	2	,	,	PUNCT
cblr-8629	192	3	for	for	ADP
cblr-8629	192	4	example	example	NOUN
cblr-8629	192	5	,	,	PUNCT
cblr-8629	192	6	martijn	martijn	PROPN
cblr-8629	192	7	cremers	cremer	NOUN
cblr-8629	192	8	,	,	PUNCT
cblr-8629	192	9	lubomir	lubomir	PROPN
cblr-8629	192	10	litov	litov	PROPN
cblr-8629	192	11	,	,	PUNCT
cblr-8629	192	12	and	and	CCONJ
cblr-8629	192	13	simone	simone	PROPN
cblr-8629	192	14	sepe	sepe	PROPN
cblr-8629	192	15	found	find	VERB
cblr-8629	192	16	that	that	SCONJ
cblr-8629	192	17	,	,	PUNCT
cblr-8629	192	18	when	when	SCONJ
cblr-8629	192	19	they	they	PRON
cblr-8629	192	20	differentiated	differentiate	VERB
cblr-8629	192	21	among	among	ADP
cblr-8629	192	22	firms	firm	NOUN
cblr-8629	192	23	,	,	PUNCT
cblr-8629	192	24	the	the	DET
cblr-8629	192	25	effect	effect	NOUN
cblr-8629	192	26	of	of	ADP
cblr-8629	192	27	a	a	DET
cblr-8629	192	28	classified	classified	ADJ
cblr-8629	192	29	board	board	NOUN
cblr-8629	192	30	was	be	AUX
cblr-8629	192	31	positive	positive	ADJ
cblr-8629	192	32	for	for	ADP
cblr-8629	192	33	some	some	DET
cblr-8629	192	34	firms	firm	NOUN
cblr-8629	192	35	and	and	CCONJ
cblr-8629	192	36	negative	negative	ADJ
cblr-8629	192	37	for	for	ADP
cblr-8629	192	38	others.45	others.45	PROPN
cblr-8629	192	39	amihud	amihud	PROPN
cblr-8629	192	40	,	,	PUNCT
cblr-8629	192	41	schmid	schmid	PROPN
cblr-8629	192	42	,	,	PUNCT
cblr-8629	192	43	and	and	CCONJ
cblr-8629	192	44	solomon	solomon	PROPN
cblr-8629	192	45	take	take	VERB
cblr-8629	192	46	this	this	DET
cblr-8629	192	47	approach	approach	NOUN
cblr-8629	192	48	even	even	ADV
cblr-8629	192	49	further	far	ADV
cblr-8629	192	50	and	and	CCONJ
cblr-8629	192	51	find	find	VERB
cblr-8629	192	52	that	that	SCONJ
cblr-8629	192	53	the	the	DET
cblr-8629	192	54	staggered	staggered	ADJ
cblr-8629	192	55	board	board	NOUN
cblr-8629	192	56	on	on	ADP
cblr-8629	192	57	average	average	ADJ
cblr-8629	192	58	has	have	VERB
cblr-8629	192	59	no	no	DET
cblr-8629	192	60	effect	effect	NOUN
cblr-8629	192	61	on	on	ADP
cblr-8629	192	62	firm	firm	ADJ
cblr-8629	192	63	value	value	NOUN
cblr-8629	192	64	,	,	PUNCT
cblr-8629	192	65	and	and	CCONJ
cblr-8629	192	66	any	any	DET
cblr-8629	192	67	measurement	measurement	NOUN
cblr-8629	192	68	is	be	AUX
cblr-8629	192	69	also	also	ADV
cblr-8629	192	70	idiosyncratic.46	idiosyncratic.46	ADJ
cblr-8629	192	71	these	these	DET
cblr-8629	192	72	challenges	challenge	NOUN
cblr-8629	192	73	have	have	AUX
cblr-8629	192	74	limited	limit	VERB
cblr-8629	192	75	the	the	DET
cblr-8629	192	76	success	success	NOUN
cblr-8629	192	77	of	of	ADP
cblr-8629	192	78	empirical	empirical	ADJ
cblr-8629	192	79	studies	study	NOUN
cblr-8629	192	80	in	in	ADP
cblr-8629	192	81	distinguishing	distinguish	VERB
cblr-8629	192	82	good	good	ADJ
cblr-8629	192	83	governance	governance	NOUN
cblr-8629	192	84	provisions	provision	NOUN
cblr-8629	192	85	from	from	ADP
cblr-8629	192	86	bad	bad	ADJ
cblr-8629	192	87	ones	one	NOUN
cblr-8629	192	88	.	.	PUNCT
cblr-8629	193	1	in	in	ADP
cblr-8629	193	2	the	the	DET
cblr-8629	193	3	absence	absence	NOUN
cblr-8629	193	4	of	of	ADP
cblr-8629	193	5	conclusive	conclusive	ADJ
cblr-8629	193	6	empirical	empirical	ADJ
cblr-8629	193	7	evidence	evidence	NOUN
cblr-8629	193	8	,	,	PUNCT
cblr-8629	193	9	much	much	ADJ
cblr-8629	193	10	of	of	ADP
cblr-8629	193	11	the	the	DET
cblr-8629	193	12	debate	debate	NOUN
cblr-8629	193	13	over	over	ADP
cblr-8629	193	14	corporate	corporate	ADJ
cblr-8629	193	15	governance	governance	NOUN
cblr-8629	193	16	measures	measure	NOUN
cblr-8629	193	17	has	have	AUX
cblr-8629	193	18	become	become	VERB
cblr-8629	193	19	policy	policy	NOUN
cblr-8629	193	20	-	-	PUNCT
cblr-8629	193	21	oriented	orient	VERB
cblr-8629	193	22	—	—	PUNCT
cblr-8629	193	23	based	base	VERB
cblr-8629	193	24	on	on	ADP
cblr-8629	193	25	idiosyncratic	idiosyncratic	ADJ
cblr-8629	193	26	preferences	preference	NOUN
cblr-8629	193	27	of	of	ADP
cblr-8629	193	28	capital	capital	NOUN
cblr-8629	193	29	43	43	NUM
cblr-8629	193	30	google	google	NOUN
cblr-8629	193	31	went	go	VERB
cblr-8629	193	32	public	public	ADJ
cblr-8629	193	33	in	in	ADP
cblr-8629	193	34	2004	2004	NUM
cblr-8629	193	35	with	with	ADP
cblr-8629	193	36	a	a	DET
cblr-8629	193	37	dual	dual	ADJ
cblr-8629	193	38	class	class	NOUN
cblr-8629	193	39	structure	structure	NOUN
cblr-8629	193	40	.	.	PUNCT
cblr-8629	194	1	google	google	PROPN
cblr-8629	194	2	inc	inc	PROPN
cblr-8629	194	3	.	.	PROPN
cblr-8629	194	4	,	,	PUNCT
cblr-8629	194	5	amendment	amendment	PROPN
cblr-8629	194	6	no	no	INTJ
cblr-8629	194	7	.	.	PROPN
cblr-8629	194	8	9	9	NUM
cblr-8629	194	9	to	to	PART
cblr-8629	194	10	form	form	VERB
cblr-8629	194	11	s-1	s-1	NOUN
cblr-8629	194	12	registration	registration	NOUN
cblr-8629	194	13	statement	statement	NOUN
cblr-8629	194	14	(	(	PUNCT
cblr-8629	194	15	form	form	NOUN
cblr-8629	194	16	s-1	s-1	PROPN
cblr-8629	194	17	/	/	SYM
cblr-8629	194	18	a	a	NOUN
cblr-8629	194	19	)	)	PUNCT
cblr-8629	194	20	,	,	PUNCT
cblr-8629	194	21	at	at	ADP
cblr-8629	194	22	29	29	NUM
cblr-8629	194	23	–	–	SYM
cblr-8629	194	24	30	30	NUM
cblr-8629	194	25	(	(	PUNCT
cblr-8629	194	26	aug	aug	PROPN
cblr-8629	194	27	.	.	PROPN
cblr-8629	194	28	18	18	NUM
cblr-8629	194	29	,	,	PUNCT
cblr-8629	194	30	2004	2004	NUM
cblr-8629	194	31	)	)	PUNCT
cblr-8629	194	32	.	.	PUNCT
cblr-8629	195	1	44	44	NUM
cblr-8629	195	2	see	see	VERB
cblr-8629	195	3	e.g.	e.g.	ADV
cblr-8629	195	4	,	,	PUNCT
cblr-8629	195	5	bebchuk	bebchuk	PROPN
cblr-8629	195	6	&	&	CCONJ
cblr-8629	195	7	cohen	cohen	PROPN
cblr-8629	195	8	,	,	PUNCT
cblr-8629	195	9	entrenched	entrenched	ADJ
cblr-8629	195	10	boards	board	NOUN
cblr-8629	195	11	,	,	PUNCT
cblr-8629	195	12	supra	supra	PROPN
cblr-8629	195	13	note	note	NOUN
cblr-8629	195	14	33	33	NUM
cblr-8629	195	15	,	,	PUNCT
cblr-8629	195	16	at	at	ADP
cblr-8629	195	17	419–30	419–30	PROPN
cblr-8629	195	18	(	(	PUNCT
cblr-8629	195	19	reporting	report	VERB
cblr-8629	195	20	results	result	NOUN
cblr-8629	195	21	across	across	ADP
cblr-8629	195	22	all	all	DET
cblr-8629	195	23	sample	sample	NOUN
cblr-8629	195	24	firms	firm	NOUN
cblr-8629	195	25	)	)	PUNCT
cblr-8629	195	26	;	;	PUNCT
cblr-8629	195	27	paul	paul	PROPN
cblr-8629	195	28	gompers	gompers	PROPN
cblr-8629	195	29	,	,	PUNCT
cblr-8629	195	30	joy	joy	NOUN
cblr-8629	195	31	ishii	ishii	PROPN
cblr-8629	195	32	&	&	CCONJ
cblr-8629	195	33	andrew	andrew	PROPN
cblr-8629	195	34	metrick	metrick	PROPN
cblr-8629	195	35	,	,	PUNCT
cblr-8629	195	36	corporate	corporate	ADJ
cblr-8629	195	37	governance	governance	NOUN
cblr-8629	195	38	and	and	CCONJ
cblr-8629	195	39	equity	equity	NOUN
cblr-8629	195	40	prices	price	NOUN
cblr-8629	195	41	,	,	PUNCT
cblr-8629	195	42	118	118	NUM
cblr-8629	195	43	q.j	q.j	PROPN
cblr-8629	195	44	.	.	PROPN
cblr-8629	195	45	econ	econ	PROPN
cblr-8629	195	46	.	.	PUNCT
cblr-8629	196	1	107	107	NUM
cblr-8629	196	2	,	,	PUNCT
cblr-8629	196	3	129	129	NUM
cblr-8629	196	4	,	,	PUNCT
cblr-8629	196	5	130	130	NUM
cblr-8629	196	6	tbl.ix	tbl.ix	NOUN
cblr-8629	196	7	(	(	PUNCT
cblr-8629	196	8	2003	2003	NUM
cblr-8629	196	9	)	)	PUNCT
cblr-8629	196	10	(	(	PUNCT
cblr-8629	196	11	same	same	ADJ
cblr-8629	196	12	)	)	PUNCT
cblr-8629	196	13	.	.	PUNCT
cblr-8629	197	1	45	45	NUM
cblr-8629	197	2	see	see	VERB
cblr-8629	197	3	cremers	cremer	NOUN
cblr-8629	197	4	et	et	PROPN
cblr-8629	197	5	al	al	PROPN
cblr-8629	197	6	.	.	PROPN
cblr-8629	197	7	,	,	PUNCT
cblr-8629	197	8	supra	supra	PROPN
cblr-8629	197	9	note	note	PROPN
cblr-8629	197	10	34	34	NUM
cblr-8629	197	11	,	,	PUNCT
cblr-8629	197	12	at	at	ADP
cblr-8629	197	13	424	424	NUM
cblr-8629	197	14	(	(	PUNCT
cblr-8629	197	15	“	"	PUNCT
cblr-8629	197	16	our	our	PRON
cblr-8629	197	17	results	result	NOUN
cblr-8629	197	18	suggest	suggest	VERB
cblr-8629	197	19	that	that	SCONJ
cblr-8629	197	20	the	the	DET
cblr-8629	197	21	role	role	NOUN
cblr-8629	197	22	of	of	ADP
cblr-8629	197	23	staggered	staggered	ADJ
cblr-8629	197	24	boards	board	NOUN
cblr-8629	197	25	differs	differ	VERB
cblr-8629	197	26	across	across	ADP
cblr-8629	197	27	firms	firm	NOUN
cblr-8629	197	28	in	in	ADP
cblr-8629	197	29	a	a	DET
cblr-8629	197	30	way	way	NOUN
cblr-8629	198	1	that	that	PRON
cblr-8629	198	2	both	both	PRON
cblr-8629	199	1	[	[	X
cblr-8629	199	2	insulation	insulation	NOUN
cblr-8629	199	3	of	of	ADP
cblr-8629	199	4	management	management	NOUN
cblr-8629	199	5	and	and	CCONJ
cblr-8629	199	6	signaling	signal	VERB
cblr-8629	199	7	commitment	commitment	NOUN
cblr-8629	199	8	to	to	ADP
cblr-8629	199	9	firm	firm	ADJ
cblr-8629	199	10	-	-	PUNCT
cblr-8629	199	11	specific	specific	ADJ
cblr-8629	199	12	investors	investor	NOUN
cblr-8629	199	13	]	]	PUNCT
cblr-8629	199	14	could	could	AUX
cblr-8629	199	15	play	play	VERB
cblr-8629	199	16	a	a	DET
cblr-8629	199	17	role	role	NOUN
cblr-8629	199	18	.	.	PUNCT
cblr-8629	199	19	”	"	PUNCT
cblr-8629	199	20	)	)	PUNCT
cblr-8629	199	21	.	.	PUNCT
cblr-8629	200	1	46	46	NUM
cblr-8629	200	2	see	see	VERB
cblr-8629	200	3	amihud	amihud	PROPN
cblr-8629	200	4	et	et	PROPN
cblr-8629	200	5	al	al	PROPN
cblr-8629	200	6	.	.	PROPN
cblr-8629	200	7	,	,	PUNCT
cblr-8629	200	8	supra	supra	PROPN
cblr-8629	200	9	note	note	PROPN
cblr-8629	200	10	35	35	NUM
cblr-8629	200	11	,	,	PUNCT
cblr-8629	200	12	at	at	ADP
cblr-8629	200	13	1505–07	1505–07	NUM
cblr-8629	200	14	.	.	PUNCT
cblr-8629	201	1	ahn	ahn	PROPN
cblr-8629	201	2	et	et	PROPN
cblr-8629	201	3	al	al	PROPN
cblr-8629	201	4	.	.	PROPN
cblr-8629	202	1	8/20/2021	8/20/2021	NUM
cblr-8629	202	2	6:14	6:14	NUM
cblr-8629	202	3	pm	pm	NOUN
cblr-8629	202	4	no	no	NOUN
cblr-8629	202	5	.	.	PUNCT
cblr-8629	203	1	2:476	2:476	NUM
cblr-8629	203	2	]	]	X
cblr-8629	203	3	synthetic	synthetic	ADJ
cblr-8629	203	4	governance	governance	NOUN
cblr-8629	203	5	489	489	NUM
cblr-8629	203	6	markets	market	NOUN
cblr-8629	203	7	actors	actor	NOUN
cblr-8629	203	8	and	and	CCONJ
cblr-8629	203	9	policymakers	policymaker	NOUN
cblr-8629	203	10	.	.	PUNCT
cblr-8629	204	1	thus	thus	ADV
cblr-8629	204	2	,	,	PUNCT
cblr-8629	204	3	for	for	ADP
cblr-8629	204	4	example	example	NOUN
cblr-8629	204	5	,	,	PUNCT
cblr-8629	204	6	provisions	provision	NOUN
cblr-8629	204	7	that	that	PRON
cblr-8629	204	8	increase	increase	VERB
cblr-8629	204	9	the	the	DET
cblr-8629	204	10	power	power	NOUN
cblr-8629	204	11	of	of	ADP
cblr-8629	204	12	shareholders	shareholder	NOUN
cblr-8629	204	13	relative	relative	ADJ
cblr-8629	204	14	to	to	ADP
cblr-8629	204	15	managers	manager	NOUN
cblr-8629	204	16	are	be	AUX
cblr-8629	204	17	defended	defend	VERB
cblr-8629	204	18	in	in	ADP
cblr-8629	204	19	terms	term	NOUN
cblr-8629	204	20	of	of	ADP
cblr-8629	204	21	democratic	democratic	ADJ
cblr-8629	204	22	principles	principle	NOUN
cblr-8629	204	23	and	and	CCONJ
cblr-8629	204	24	accountability.47	accountability.47	NOUN
cblr-8629	204	25	with	with	ADP
cblr-8629	204	26	this	this	DET
cblr-8629	204	27	development	development	NOUN
cblr-8629	204	28	,	,	PUNCT
cblr-8629	204	29	normative	normative	ADJ
cblr-8629	204	30	debate	debate	NOUN
cblr-8629	204	31	over	over	ADP
cblr-8629	204	32	certain	certain	ADJ
cblr-8629	204	33	provisions	provision	NOUN
cblr-8629	204	34	has	have	AUX
cblr-8629	204	35	become	become	VERB
cblr-8629	204	36	even	even	ADV
cblr-8629	204	37	more	more	ADV
cblr-8629	204	38	fractured	fractured	ADJ
cblr-8629	204	39	.	.	PUNCT
cblr-8629	205	1	the	the	DET
cblr-8629	205	2	example	example	NOUN
cblr-8629	205	3	of	of	ADP
cblr-8629	205	4	dual	dual	ADJ
cblr-8629	205	5	class	class	NOUN
cblr-8629	205	6	stock	stock	NOUN
cblr-8629	205	7	is	be	AUX
cblr-8629	205	8	again	again	ADV
cblr-8629	205	9	emblematic	emblematic	ADJ
cblr-8629	205	10	,	,	PUNCT
cblr-8629	205	11	as	as	SCONJ
cblr-8629	205	12	reflected	reflect	VERB
cblr-8629	205	13	,	,	PUNCT
cblr-8629	205	14	for	for	ADP
cblr-8629	205	15	example	example	NOUN
cblr-8629	205	16	,	,	PUNCT
cblr-8629	205	17	in	in	ADP
cblr-8629	205	18	a	a	DET
cblr-8629	205	19	former	former	ADJ
cblr-8629	205	20	sec	sec	PROPN
cblr-8629	205	21	commissioner	commissioner	NOUN
cblr-8629	205	22	’s	’s	PART
cblr-8629	205	23	statement	statement	NOUN
cblr-8629	205	24	that	that	SCONJ
cblr-8629	205	25	“	"	PUNCT
cblr-8629	205	26	asking	ask	VERB
cblr-8629	205	27	investors	investor	NOUN
cblr-8629	205	28	to	to	PART
cblr-8629	205	29	put	put	VERB
cblr-8629	205	30	eternal	eternal	ADJ
cblr-8629	205	31	trust	trust	NOUN
cblr-8629	205	32	in	in	ADP
cblr-8629	205	33	corporate	corporate	ADJ
cblr-8629	205	34	royalty	royalty	NOUN
cblr-8629	205	35	is	be	AUX
cblr-8629	205	36	antithetical	antithetical	ADJ
cblr-8629	205	37	to	to	ADP
cblr-8629	205	38	our	our	PRON
cblr-8629	205	39	values	value	NOUN
cblr-8629	205	40	as	as	ADP
cblr-8629	205	41	americans	americans	PROPN
cblr-8629	205	42	.	.	PUNCT
cblr-8629	206	1	”48	”48	PROPN
cblr-8629	206	2	these	these	DET
cblr-8629	206	3	arguments	argument	NOUN
cblr-8629	206	4	have	have	AUX
cblr-8629	206	5	been	be	AUX
cblr-8629	206	6	used	use	VERB
cblr-8629	206	7	in	in	ADP
cblr-8629	206	8	support	support	NOUN
cblr-8629	206	9	of	of	ADP
cblr-8629	206	10	banning	ban	VERB
cblr-8629	206	11	certain	certain	ADJ
cblr-8629	206	12	governance	governance	NOUN
cblr-8629	206	13	provisions	provision	NOUN
cblr-8629	206	14	—	—	PUNCT
cblr-8629	206	15	prohibiting	prohibit	VERB
cblr-8629	206	16	issuers	issuer	NOUN
cblr-8629	206	17	from	from	ADP
cblr-8629	206	18	going	go	VERB
cblr-8629	206	19	public	public	ADJ
cblr-8629	206	20	with	with	ADP
cblr-8629	206	21	those	those	DET
cblr-8629	206	22	provisions	provision	NOUN
cblr-8629	206	23	,	,	PUNCT
cblr-8629	206	24	for	for	ADP
cblr-8629	206	25	example	example	NOUN
cblr-8629	206	26	,	,	PUNCT
cblr-8629	206	27	or	or	CCONJ
cblr-8629	206	28	barring	bar	VERB
cblr-8629	206	29	their	their	PRON
cblr-8629	206	30	securities	security	NOUN
cblr-8629	206	31	from	from	ADP
cblr-8629	206	32	being	be	AUX
cblr-8629	206	33	listed	list	VERB
cblr-8629	206	34	on	on	ADP
cblr-8629	206	35	the	the	DET
cblr-8629	206	36	stock	stock	NOUN
cblr-8629	206	37	exchanges.49	exchanges.49	PROPN
cblr-8629	206	38	yet	yet	ADV
cblr-8629	206	39	,	,	PUNCT
cblr-8629	206	40	as	as	SCONJ
cblr-8629	206	41	dorothy	dorothy	PROPN
cblr-8629	206	42	lund	lund	PROPN
cblr-8629	206	43	has	have	AUX
cblr-8629	206	44	observed	observe	VERB
cblr-8629	206	45	,	,	PUNCT
cblr-8629	206	46	“	"	PUNCT
cblr-8629	206	47	without	without	ADP
cblr-8629	206	48	a	a	DET
cblr-8629	206	49	consensus	consensus	NOUN
cblr-8629	206	50	about	about	ADP
cblr-8629	206	51	what	what	PRON
cblr-8629	206	52	constitutes	constitute	VERB
cblr-8629	206	53	good	good	ADJ
cblr-8629	206	54	governance	governance	NOUN
cblr-8629	206	55	,	,	PUNCT
cblr-8629	206	56	there	there	PRON
cblr-8629	206	57	is	be	VERB
cblr-8629	206	58	reason	reason	NOUN
cblr-8629	206	59	to	to	PART
cblr-8629	206	60	believe	believe	VERB
cblr-8629	206	61	that	that	SCONJ
cblr-8629	206	62	the	the	DET
cblr-8629	206	63	proliferation	proliferation	NOUN
cblr-8629	206	64	of	of	ADP
cblr-8629	206	65	an	an	DET
cblr-8629	206	66	unthinking	unthinking	ADJ
cblr-8629	206	67	,	,	PUNCT
cblr-8629	206	68	one	one	NUM
cblr-8629	206	69	-	-	PUNCT
cblr-8629	206	70	size	size	NOUN
cblr-8629	206	71	-	-	PUNCT
cblr-8629	206	72	fits	fit	VERB
cblr-8629	206	73	-	-	PUNCT
cblr-8629	206	74	all	all	PRON
cblr-8629	206	75	approach	approach	NOUN
cblr-8629	206	76	to	to	ADP
cblr-8629	206	77	governance	governance	NOUN
cblr-8629	206	78	will	will	AUX
cblr-8629	206	79	make	make	VERB
cblr-8629	206	80	many	many	ADJ
cblr-8629	206	81	companies	company	NOUN
cblr-8629	206	82	worse	bad	ADJ
cblr-8629	206	83	off	off	ADP
cblr-8629	206	84	.	.	PUNCT
cblr-8629	207	1	”50	”50	PROPN
cblr-8629	207	2	iii	iii	PROPN
cblr-8629	207	3	.	.	PUNCT
cblr-8629	208	1	synthetic	synthetic	ADJ
cblr-8629	208	2	governance	governance	NOUN
cblr-8629	208	3	synthetic	synthetic	ADJ
cblr-8629	208	4	governance	governance	NOUN
cblr-8629	208	5	offers	offer	VERB
cblr-8629	208	6	a	a	DET
cblr-8629	208	7	capital	capital	NOUN
cblr-8629	208	8	markets	market	NOUN
cblr-8629	208	9	solution	solution	NOUN
cblr-8629	208	10	to	to	ADP
cblr-8629	208	11	this	this	DET
cblr-8629	208	12	conundrum	conundrum	NOUN
cblr-8629	208	13	.	.	PUNCT
cblr-8629	209	1	rather	rather	ADV
cblr-8629	209	2	than	than	ADP
cblr-8629	209	3	relying	rely	VERB
cblr-8629	209	4	on	on	ADP
cblr-8629	209	5	regulators	regulator	NOUN
cblr-8629	209	6	to	to	PART
cblr-8629	209	7	identify	identify	VERB
cblr-8629	209	8	and	and	CCONJ
cblr-8629	209	9	impose	impose	VERB
cblr-8629	209	10	best	best	ADJ
cblr-8629	209	11	corporate	corporate	ADJ
cblr-8629	209	12	governance	governance	NOUN
cblr-8629	209	13	practices	practice	NOUN
cblr-8629	209	14	,	,	PUNCT
cblr-8629	209	15	synthetic	synthetic	VERB
cblr-8629	209	16	47	47	NUM
cblr-8629	209	17	see	see	VERB
cblr-8629	209	18	,	,	PUNCT
cblr-8629	209	19	e.g.	e.g.	ADV
cblr-8629	209	20	,	,	PUNCT
cblr-8629	209	21	grant	grant	PROPN
cblr-8629	209	22	hayden	hayden	PROPN
cblr-8629	209	23	&	&	CCONJ
cblr-8629	209	24	matthew	matthew	PROPN
cblr-8629	209	25	t.	t.	PROPN
cblr-8629	209	26	bodie	bodie	PROPN
cblr-8629	209	27	,	,	PUNCT
cblr-8629	209	28	shareholder	shareholder	NOUN
cblr-8629	209	29	democracy	democracy	NOUN
cblr-8629	209	30	and	and	CCONJ
cblr-8629	209	31	the	the	DET
cblr-8629	209	32	curious	curious	ADJ
cblr-8629	209	33	turn	turn	NOUN
cblr-8629	209	34	toward	toward	ADP
cblr-8629	209	35	board	board	NOUN
cblr-8629	209	36	primacy	primacy	NOUN
cblr-8629	209	37	,	,	PUNCT
cblr-8629	209	38	51	51	NUM
cblr-8629	209	39	wm	wm	PROPN
cblr-8629	209	40	.	.	PROPN
cblr-8629	209	41	&	&	CCONJ
cblr-8629	209	42	mary	mary	PROPN
cblr-8629	209	43	l.	l.	PROPN
cblr-8629	209	44	rev	rev	PROPN
cblr-8629	209	45	.	.	PROPN
cblr-8629	209	46	2071	2071	NUM
cblr-8629	209	47	,	,	PUNCT
cblr-8629	209	48	2079	2079	NUM
cblr-8629	209	49	(	(	PUNCT
cblr-8629	209	50	2010	2010	NUM
cblr-8629	209	51	)	)	PUNCT
cblr-8629	209	52	(	(	PUNCT
cblr-8629	209	53	describing	describe	VERB
cblr-8629	209	54	two	two	NUM
cblr-8629	209	55	political	political	ADJ
cblr-8629	209	56	theory	theory	NOUN
cblr-8629	209	57	ways	way	NOUN
cblr-8629	209	58	of	of	ADP
cblr-8629	209	59	conceptualizing	conceptualize	VERB
cblr-8629	209	60	shareholder	shareholder	NOUN
cblr-8629	209	61	democracy	democracy	NOUN
cblr-8629	209	62	:	:	PUNCT
cblr-8629	209	63	“	"	PUNCT
cblr-8629	209	64	a	a	DET
cblr-8629	209	65	public	public	ADJ
cblr-8629	209	66	choice	choice	NOUN
cblr-8629	209	67	approach	approach	NOUN
cblr-8629	209	68	and	and	CCONJ
cblr-8629	209	69	a	a	DET
cblr-8629	209	70	civic	civic	ADJ
cblr-8629	209	71	republican	republican	ADJ
cblr-8629	209	72	approach	approach	NOUN
cblr-8629	209	73	”	"	PUNCT
cblr-8629	209	74	)	)	PUNCT
cblr-8629	209	75	;	;	PUNCT
cblr-8629	209	76	lisa	lisa	PROPN
cblr-8629	209	77	m.	m.	NOUN
cblr-8629	209	78	fairfax	fairfax	PROPN
cblr-8629	209	79	,	,	PUNCT
cblr-8629	209	80	making	make	VERB
cblr-8629	209	81	the	the	DET
cblr-8629	209	82	corporation	corporation	NOUN
cblr-8629	209	83	safe	safe	ADJ
cblr-8629	209	84	for	for	ADP
cblr-8629	209	85	shareholder	shareholder	NOUN
cblr-8629	209	86	democracy	democracy	NOUN
cblr-8629	209	87	,	,	PUNCT
cblr-8629	209	88	69	69	NUM
cblr-8629	209	89	ohio	ohio	PROPN
cblr-8629	209	90	st	st	PROPN
cblr-8629	209	91	.	.	PROPN
cblr-8629	209	92	l.j	l.j	PROPN
cblr-8629	209	93	.	.	PROPN
cblr-8629	209	94	53	53	NUM
cblr-8629	209	95	,	,	PUNCT
cblr-8629	209	96	57	57	NUM
cblr-8629	209	97	(	(	PUNCT
cblr-8629	209	98	2008	2008	NUM
cblr-8629	209	99	)	)	PUNCT
cblr-8629	209	100	(	(	PUNCT
cblr-8629	209	101	“	"	PUNCT
cblr-8629	209	102	[	[	X
cblr-8629	209	103	s]hareholder	s]hareholder	NOUN
cblr-8629	209	104	democracy	democracy	NOUN
cblr-8629	209	105	may	may	AUX
cblr-8629	209	106	enable	enable	VERB
cblr-8629	209	107	shareholders	shareholder	NOUN
cblr-8629	209	108	to	to	PART
cblr-8629	209	109	increase	increase	VERB
cblr-8629	209	110	their	their	PRON
cblr-8629	209	111	advocacy	advocacy	NOUN
cblr-8629	209	112	on	on	ADP
cblr-8629	209	113	behalf	behalf	NOUN
cblr-8629	209	114	of	of	ADP
cblr-8629	209	115	stakeholders	stakeholder	NOUN
cblr-8629	209	116	.	.	PUNCT
cblr-8629	209	117	”	"	PUNCT
cblr-8629	209	118	)	)	PUNCT
cblr-8629	209	119	.	.	PUNCT
cblr-8629	210	1	48	48	NUM
cblr-8629	210	2	robert	robert	PROPN
cblr-8629	210	3	j.	j.	PROPN
cblr-8629	210	4	jackson	jackson	PROPN
cblr-8629	210	5	jr	jr	PROPN
cblr-8629	210	6	.	.	PROPN
cblr-8629	210	7	,	,	PUNCT
cblr-8629	210	8	comm’r	comm’r	ADP
cblr-8629	210	9	,	,	PUNCT
cblr-8629	210	10	u.s	u.s	PROPN
cblr-8629	210	11	.	.	PROPN
cblr-8629	210	12	sec	sec	PROPN
cblr-8629	210	13	.	.	PROPN
cblr-8629	210	14	&	&	CCONJ
cblr-8629	210	15	exch	exch	PROPN
cblr-8629	210	16	.	.	PUNCT
cblr-8629	211	1	comm’n	comm’n	PROPN
cblr-8629	211	2	,	,	PUNCT
cblr-8629	211	3	perpetual	perpetual	ADJ
cblr-8629	211	4	dual	dual	ADJ
cblr-8629	211	5	-	-	PUNCT
cblr-8629	211	6	class	class	NOUN
cblr-8629	211	7	stock	stock	NOUN
cblr-8629	211	8	:	:	PUNCT
cblr-8629	211	9	the	the	DET
cblr-8629	211	10	case	case	NOUN
cblr-8629	211	11	against	against	ADP
cblr-8629	211	12	corporate	corporate	ADJ
cblr-8629	211	13	royalty	royalty	NOUN
cblr-8629	211	14	(	(	PUNCT
cblr-8629	211	15	feb	feb	PROPN
cblr-8629	211	16	.	.	PROPN
cblr-8629	211	17	15	15	NUM
cblr-8629	211	18	,	,	PUNCT
cblr-8629	211	19	2018	2018	NUM
cblr-8629	211	20	)	)	PUNCT
cblr-8629	211	21	,	,	PUNCT
cblr-8629	211	22	https://www.sec.gov/news/speech/perpetual-dual-classstock-case-againstcorporate-royalty	https://www.sec.gov/news/speech/perpetual-dual-classstock-case-againstcorporate-royalty	NOUN
cblr-8629	212	1	[	[	X
cblr-8629	212	2	https://perma.cc/an3n-rvy4	https://perma.cc/an3n-rvy4	X
cblr-8629	212	3	]	]	X
cblr-8629	212	4	.	.	PUNCT
cblr-8629	213	1	49	49	NUM
cblr-8629	213	2	indeed	indeed	ADV
cblr-8629	213	3	,	,	PUNCT
cblr-8629	213	4	regulations	regulation	NOUN
cblr-8629	213	5	currently	currently	ADV
cblr-8629	213	6	impose	impose	VERB
cblr-8629	213	7	some	some	DET
cblr-8629	213	8	such	such	ADJ
cblr-8629	213	9	mandates	mandate	NOUN
cblr-8629	213	10	.	.	PUNCT
cblr-8629	214	1	for	for	ADP
cblr-8629	214	2	example	example	NOUN
cblr-8629	214	3	,	,	PUNCT
cblr-8629	214	4	the	the	DET
cblr-8629	214	5	nyse	nyse	PROPN
cblr-8629	214	6	and	and	CCONJ
cblr-8629	214	7	nasdaq	nasdaq	PROPN
cblr-8629	214	8	listing	list	VERB
cblr-8629	214	9	requirements	requirement	NOUN
cblr-8629	214	10	mandate	mandate	VERB
cblr-8629	214	11	that	that	SCONJ
cblr-8629	214	12	a	a	DET
cblr-8629	214	13	majority	majority	NOUN
cblr-8629	214	14	of	of	ADP
cblr-8629	214	15	directors	director	NOUN
cblr-8629	214	16	be	be	VERB
cblr-8629	214	17	independent	independent	ADJ
cblr-8629	214	18	.	.	PUNCT
cblr-8629	215	1	listed	listed	PROPN
cblr-8629	215	2	co.	co.	PROPN
cblr-8629	215	3	manual	manual	NOUN
cblr-8629	215	4	§	§	PROPN
cblr-8629	215	5	303a.01	303a.01	PROPN
cblr-8629	215	6	(	(	PUNCT
cblr-8629	215	7	n.y	n.y	PROPN
cblr-8629	215	8	.	.	PROPN
cblr-8629	215	9	stock	stock	PROPN
cblr-8629	215	10	exch	exch	PROPN
cblr-8629	215	11	.	.	PUNCT
cblr-8629	215	12	2021	2021	NUM
cblr-8629	215	13	)	)	PUNCT
cblr-8629	216	1	;	;	PUNCT
cblr-8629	216	2	rulebook	rulebook	ADJ
cblr-8629	216	3	§	§	PROPN
cblr-8629	216	4	5605(b)(1	5605(b)(1	NUM
cblr-8629	216	5	)	)	PUNCT
cblr-8629	216	6	(	(	PUNCT
cblr-8629	216	7	the	the	DET
cblr-8629	216	8	nasdaq	nasdaq	PROPN
cblr-8629	216	9	stock	stock	PROPN
cblr-8629	216	10	mkt	mkt	PROPN
cblr-8629	216	11	.	.	PROPN
cblr-8629	216	12	2021	2021	NUM
cblr-8629	216	13	)	)	PUNCT
cblr-8629	216	14	.	.	PUNCT
cblr-8629	217	1	50	50	NUM
cblr-8629	217	2	dorothy	dorothy	PROPN
cblr-8629	217	3	s.	s.	PROPN
cblr-8629	217	4	lund	lund	PROPN
cblr-8629	217	5	,	,	PUNCT
cblr-8629	217	6	the	the	DET
cblr-8629	217	7	case	case	NOUN
cblr-8629	217	8	against	against	ADP
cblr-8629	217	9	passive	passive	ADJ
cblr-8629	217	10	shareholder	shareholder	NOUN
cblr-8629	217	11	voting	voting	NOUN
cblr-8629	217	12	,	,	PUNCT
cblr-8629	217	13	43	43	NUM
cblr-8629	217	14	j.	j.	PROPN
cblr-8629	217	15	corp	corp	PROPN
cblr-8629	217	16	.	.	PROPN
cblr-8629	217	17	l.	l.	PROPN
cblr-8629	217	18	493	493	NUM
cblr-8629	217	19	,	,	PUNCT
cblr-8629	217	20	495	495	NUM
cblr-8629	217	21	(	(	PUNCT
cblr-8629	217	22	2018	2018	NUM
cblr-8629	217	23	)	)	PUNCT
cblr-8629	217	24	.	.	PUNCT
cblr-8629	218	1	ahn	ahn	PROPN
cblr-8629	218	2	et	et	PROPN
cblr-8629	218	3	al	al	PROPN
cblr-8629	218	4	.	.	PROPN
cblr-8629	219	1	8/20/2021	8/20/2021	NUM
cblr-8629	219	2	6:14	6:14	NUM
cblr-8629	219	3	pm	pm	PROPN
cblr-8629	219	4	490	490	NUM
cblr-8629	219	5	columbia	columbia	PROPN
cblr-8629	219	6	business	business	NOUN
cblr-8629	219	7	law	law	PROPN
cblr-8629	219	8	review	review	NOUN
cblr-8629	219	9	[	[	X
cblr-8629	219	10	vol	vol	NOUN
cblr-8629	219	11	.	.	NOUN
cblr-8629	219	12	2021	2021	NUM
cblr-8629	219	13	governance	governance	NOUN
cblr-8629	219	14	empowers	empower	VERB
cblr-8629	219	15	investors	investor	NOUN
cblr-8629	219	16	to	to	PART
cblr-8629	219	17	operationalize	operationalize	VERB
cblr-8629	219	18	their	their	PRON
cblr-8629	219	19	governance	governance	NOUN
cblr-8629	219	20	preferences	preference	NOUN
cblr-8629	219	21	through	through	ADP
cblr-8629	219	22	their	their	PRON
cblr-8629	219	23	investment	investment	NOUN
cblr-8629	219	24	decisions	decision	NOUN
cblr-8629	219	25	.	.	PUNCT
cblr-8629	220	1	further	far	ADV
cblr-8629	220	2	,	,	PUNCT
cblr-8629	220	3	synthetic	synthetic	ADJ
cblr-8629	220	4	governance	governance	NOUN
cblr-8629	220	5	generates	generate	VERB
cblr-8629	220	6	the	the	DET
cblr-8629	220	7	opportunity	opportunity	NOUN
cblr-8629	220	8	to	to	PART
cblr-8629	220	9	evaluate	evaluate	VERB
cblr-8629	220	10	the	the	DET
cblr-8629	220	11	relationship	relationship	NOUN
cblr-8629	220	12	of	of	ADP
cblr-8629	220	13	those	those	DET
cblr-8629	220	14	preferences	preference	NOUN
cblr-8629	220	15	to	to	ADP
cblr-8629	220	16	stock	stock	NOUN
cblr-8629	220	17	price	price	NOUN
cblr-8629	220	18	returns	return	NOUN
cblr-8629	220	19	.	.	PUNCT
cblr-8629	221	1	we	we	PRON
cblr-8629	221	2	first	first	ADV
cblr-8629	221	3	describe	describe	VERB
cblr-8629	221	4	how	how	SCONJ
cblr-8629	221	5	the	the	DET
cblr-8629	221	6	rise	rise	NOUN
cblr-8629	221	7	of	of	ADP
cblr-8629	221	8	index	index	NOUN
cblr-8629	221	9	investing	investing	NOUN
cblr-8629	221	10	has	have	AUX
cblr-8629	221	11	created	create	VERB
cblr-8629	221	12	a	a	DET
cblr-8629	221	13	vehicle	vehicle	NOUN
cblr-8629	221	14	in	in	ADP
cblr-8629	221	15	the	the	DET
cblr-8629	221	16	securities	security	NOUN
cblr-8629	221	17	markets	market	NOUN
cblr-8629	221	18	for	for	ADP
cblr-8629	221	19	synthetic	synthetic	ADJ
cblr-8629	221	20	governance	governance	NOUN
cblr-8629	221	21	.	.	PUNCT
cblr-8629	222	1	we	we	PRON
cblr-8629	222	2	then	then	ADV
cblr-8629	222	3	explain	explain	VERB
cblr-8629	222	4	the	the	DET
cblr-8629	222	5	governance	governance	NOUN
cblr-8629	222	6	controversy	controversy	NOUN
cblr-8629	222	7	to	to	ADP
cblr-8629	222	8	which	which	PRON
cblr-8629	222	9	this	this	DET
cblr-8629	222	10	article	article	NOUN
cblr-8629	222	11	applies	apply	VERB
cblr-8629	222	12	synthetic	synthetic	ADJ
cblr-8629	222	13	governance	governance	NOUN
cblr-8629	222	14	:	:	PUNCT
cblr-8629	222	15	the	the	DET
cblr-8629	222	16	debate	debate	NOUN
cblr-8629	222	17	over	over	ADP
cblr-8629	222	18	dual	dual	ADJ
cblr-8629	222	19	class	class	NOUN
cblr-8629	222	20	voting	voting	NOUN
cblr-8629	222	21	structures	structure	NOUN
cblr-8629	222	22	.	.	PUNCT
cblr-8629	223	1	a.	a.	NOUN
cblr-8629	223	2	index	index	NOUN
cblr-8629	223	3	investing	invest	VERB
cblr-8629	223	4	as	as	ADP
cblr-8629	223	5	the	the	DET
cblr-8629	223	6	debate	debate	NOUN
cblr-8629	223	7	over	over	ADP
cblr-8629	223	8	governance	governance	NOUN
cblr-8629	223	9	rages	rage	NOUN
cblr-8629	223	10	in	in	ADP
cblr-8629	223	11	the	the	DET
cblr-8629	223	12	corporate	corporate	ADJ
cblr-8629	223	13	world	world	NOUN
cblr-8629	223	14	,	,	PUNCT
cblr-8629	223	15	the	the	DET
cblr-8629	223	16	rise	rise	NOUN
cblr-8629	223	17	of	of	ADP
cblr-8629	223	18	index	index	NOUN
cblr-8629	223	19	funds	fund	NOUN
cblr-8629	223	20	has	have	AUX
cblr-8629	223	21	dramatically	dramatically	ADV
cblr-8629	223	22	reformed	reform	VERB
cblr-8629	223	23	the	the	DET
cblr-8629	223	24	role	role	NOUN
cblr-8629	223	25	of	of	ADP
cblr-8629	223	26	the	the	DET
cblr-8629	223	27	capital	capital	NOUN
cblr-8629	223	28	markets	market	NOUN
cblr-8629	223	29	in	in	ADP
cblr-8629	223	30	disciplining	discipline	VERB
cblr-8629	223	31	governance	governance	NOUN
cblr-8629	223	32	choices	choice	NOUN
cblr-8629	223	33	.	.	PUNCT
cblr-8629	224	1	over	over	ADP
cblr-8629	224	2	the	the	DET
cblr-8629	224	3	past	past	ADJ
cblr-8629	224	4	decade	decade	NOUN
cblr-8629	224	5	,	,	PUNCT
cblr-8629	224	6	the	the	DET
cblr-8629	224	7	percentage	percentage	NOUN
cblr-8629	224	8	of	of	ADP
cblr-8629	224	9	assets	asset	NOUN
cblr-8629	224	10	invested	invest	VERB
cblr-8629	224	11	in	in	ADP
cblr-8629	224	12	the	the	DET
cblr-8629	224	13	u.s	u.s	PROPN
cblr-8629	224	14	.	.	PROPN
cblr-8629	224	15	equity	equity	NOUN
cblr-8629	224	16	markets	market	NOUN
cblr-8629	224	17	through	through	ADP
cblr-8629	224	18	index	index	NOUN
cblr-8629	224	19	funds	fund	NOUN
cblr-8629	224	20	has	have	AUX
cblr-8629	224	21	doubled	double	VERB
cblr-8629	224	22	—	—	PUNCT
cblr-8629	224	23	from	from	ADP
cblr-8629	224	24	seven	seven	NUM
cblr-8629	224	25	percent	percent	NOUN
cblr-8629	224	26	in	in	ADP
cblr-8629	224	27	2010	2010	NUM
cblr-8629	224	28	to	to	ADP
cblr-8629	224	29	approximately	approximately	ADV
cblr-8629	224	30	fourteen	fourteen	NUM
cblr-8629	224	31	percent	percent	NOUN
cblr-8629	224	32	in	in	ADP
cblr-8629	224	33	2019.51	2019.51	NUM
cblr-8629	224	34	because	because	SCONJ
cblr-8629	224	35	a	a	DET
cblr-8629	224	36	passive	passive	ADJ
cblr-8629	224	37	investment	investment	NOUN
cblr-8629	224	38	strategy	strategy	NOUN
cblr-8629	224	39	is	be	AUX
cblr-8629	224	40	less	less	ADV
cblr-8629	224	41	costly	costly	ADJ
cblr-8629	224	42	than	than	ADP
cblr-8629	224	43	active	active	ADJ
cblr-8629	224	44	stock	stock	NOUN
cblr-8629	224	45	-	-	PUNCT
cblr-8629	224	46	picking	picking	NOUN
cblr-8629	224	47	,	,	PUNCT
cblr-8629	224	48	index	index	NOUN
cblr-8629	224	49	funds	fund	NOUN
cblr-8629	224	50	typically	typically	ADV
cblr-8629	224	51	charge	charge	VERB
cblr-8629	224	52	investors	investor	NOUN
cblr-8629	224	53	lower	low	ADJ
cblr-8629	224	54	fees	fee	NOUN
cblr-8629	224	55	than	than	ADP
cblr-8629	224	56	actively	actively	ADV
cblr-8629	224	57	-	-	PUNCT
cblr-8629	224	58	managed	manage	VERB
cblr-8629	224	59	mutual	mutual	ADJ
cblr-8629	224	60	funds.52	funds.52	NOUN
cblr-8629	224	61	the	the	DET
cblr-8629	224	62	growth	growth	NOUN
cblr-8629	224	63	in	in	ADP
cblr-8629	224	64	index	index	NOUN
cblr-8629	224	65	funds	fund	NOUN
cblr-8629	224	66	has	have	AUX
cblr-8629	224	67	also	also	ADV
cblr-8629	224	68	led	lead	VERB
cblr-8629	224	69	,	,	PUNCT
cblr-8629	224	70	for	for	ADP
cblr-8629	224	71	a	a	DET
cblr-8629	224	72	variety	variety	NOUN
cblr-8629	224	73	of	of	ADP
cblr-8629	224	74	reasons	reason	NOUN
cblr-8629	224	75	,	,	PUNCT
cblr-8629	224	76	to	to	ADP
cblr-8629	224	77	a	a	DET
cblr-8629	224	78	concentration	concentration	NOUN
cblr-8629	224	79	in	in	ADP
cblr-8629	224	80	the	the	DET
cblr-8629	224	81	asset	asset	NOUN
cblr-8629	224	82	management	management	NOUN
cblr-8629	224	83	market.53	market.53	NOUN
cblr-8629	224	84	the	the	DET
cblr-8629	224	85	“	"	PUNCT
cblr-8629	224	86	big	big	ADJ
cblr-8629	224	87	three”—blackrock	three”—blackrock	PROPN
cblr-8629	224	88	,	,	PUNCT
cblr-8629	224	89	vanguard	vanguard	NOUN
cblr-8629	224	90	,	,	PUNCT
cblr-8629	224	91	and	and	CCONJ
cblr-8629	224	92	state	state	PROPN
cblr-8629	224	93	street	street	NOUN
cblr-8629	224	94	—	—	PUNCT
cblr-8629	224	95	collectively	collectively	ADV
cblr-8629	224	96	manage	manage	VERB
cblr-8629	224	97	roughly	roughly	ADV
cblr-8629	224	98	eighty	eighty	NUM
cblr-8629	224	99	percent	percent	NOUN
cblr-8629	224	100	of	of	ADP
cblr-8629	224	101	the	the	DET
cblr-8629	224	102	51	51	NUM
cblr-8629	224	103	see	see	NOUN
cblr-8629	224	104	dawn	dawn	NOUN
cblr-8629	224	105	lim	lim	PROPN
cblr-8629	224	106	,	,	PUNCT
cblr-8629	224	107	index	index	NOUN
cblr-8629	224	108	funds	fund	NOUN
cblr-8629	224	109	are	be	AUX
cblr-8629	224	110	the	the	DET
cblr-8629	224	111	new	new	ADJ
cblr-8629	224	112	kings	king	NOUN
cblr-8629	224	113	of	of	ADP
cblr-8629	224	114	wall	wall	PROPN
cblr-8629	224	115	street	street	PROPN
cblr-8629	224	116	,	,	PUNCT
cblr-8629	225	1	wall	wall	PROPN
cblr-8629	225	2	st	st	PROPN
cblr-8629	225	3	.	.	PROPN
cblr-8629	225	4	j.	j.	PROPN
cblr-8629	225	5	(	(	PUNCT
cblr-8629	225	6	sept	sept	PROPN
cblr-8629	225	7	.	.	PROPN
cblr-8629	225	8	18	18	NUM
cblr-8629	225	9	,	,	PUNCT
cblr-8629	225	10	2019	2019	NUM
cblr-8629	225	11	,	,	PUNCT
cblr-8629	225	12	5:30	5:30	NUM
cblr-8629	225	13	am	am	NOUN
cblr-8629	225	14	)	)	PUNCT
cblr-8629	225	15	(	(	PUNCT
cblr-8629	225	16	on	on	ADP
cblr-8629	225	17	file	file	NOUN
cblr-8629	225	18	with	with	ADP
cblr-8629	225	19	the	the	DET
cblr-8629	225	20	columbia	columbia	PROPN
cblr-8629	225	21	business	business	PROPN
cblr-8629	225	22	law	law	PROPN
cblr-8629	225	23	review	review	PROPN
cblr-8629	225	24	)	)	PUNCT
cblr-8629	225	25	,	,	PUNCT
cblr-8629	225	26	https://www.wsj.com/articles/index-funds-are-the-new-kings-ofwall-street-11568799004	https://www.wsj.com/articles/index-funds-are-the-new-kings-ofwall-street-11568799004	NOUN
cblr-8629	225	27	.	.	PUNCT
cblr-8629	226	1	52	52	NUM
cblr-8629	226	2	see	see	VERB
cblr-8629	226	3	jill	jill	PROPN
cblr-8629	226	4	e.	e.	PROPN
cblr-8629	226	5	fisch	fisch	PROPN
cblr-8629	226	6	,	,	PUNCT
cblr-8629	226	7	the	the	DET
cblr-8629	226	8	uncertain	uncertain	ADJ
cblr-8629	226	9	stewardship	stewardship	NOUN
cblr-8629	226	10	potential	potential	NOUN
cblr-8629	226	11	of	of	ADP
cblr-8629	226	12	index	index	NOUN
cblr-8629	226	13	funds	fund	NOUN
cblr-8629	226	14	,	,	PUNCT
cblr-8629	226	15	in	in	ADP
cblr-8629	226	16	global	global	ADJ
cblr-8629	226	17	shareholder	shareholder	NOUN
cblr-8629	226	18	stewardship	stewardship	NOUN
cblr-8629	226	19	:	:	PUNCT
cblr-8629	226	20	complexities	complexity	NOUN
cblr-8629	226	21	,	,	PUNCT
cblr-8629	226	22	challenges	challenge	NOUN
cblr-8629	226	23	and	and	CCONJ
cblr-8629	226	24	possibilities	possibility	NOUN
cblr-8629	226	25	(	(	PUNCT
cblr-8629	226	26	dionysia	dionysia	PROPN
cblr-8629	226	27	katelouzou	katelouzou	PROPN
cblr-8629	226	28	&	&	CCONJ
cblr-8629	226	29	dan	dan	PROPN
cblr-8629	226	30	w.	w.	PROPN
cblr-8629	226	31	puchniak	puchniak	PROPN
cblr-8629	226	32	eds	eds	PROPN
cblr-8629	226	33	.	.	PROPN
cblr-8629	226	34	,	,	PUNCT
cblr-8629	226	35	forthcoming	forthcoming	ADJ
cblr-8629	226	36	)	)	PUNCT
cblr-8629	226	37	(	(	PUNCT
cblr-8629	226	38	manuscript	manuscript	NOUN
cblr-8629	226	39	at	at	ADP
cblr-8629	226	40	110	110	NUM
cblr-8629	226	41	)	)	PUNCT
cblr-8629	226	42	(	(	PUNCT
cblr-8629	226	43	on	on	ADP
cblr-8629	226	44	file	file	NOUN
cblr-8629	226	45	with	with	ADP
cblr-8629	226	46	the	the	DET
cblr-8629	226	47	columbia	columbia	PROPN
cblr-8629	226	48	business	business	PROPN
cblr-8629	226	49	law	law	PROPN
cblr-8629	226	50	review	review	PROPN
cblr-8629	226	51	)	)	PUNCT
cblr-8629	226	52	,	,	PUNCT
cblr-8629	226	53	https://ssrn.com/abstract=3525355	https://ssrn.com/abstract=3525355	PRON
cblr-8629	226	54	(	(	PUNCT
cblr-8629	226	55	“	"	PUNCT
cblr-8629	226	56	because	because	SCONJ
cblr-8629	226	57	they	they	PRON
cblr-8629	226	58	do	do	AUX
cblr-8629	226	59	not	not	PART
cblr-8629	226	60	rely	rely	VERB
cblr-8629	226	61	on	on	ADP
cblr-8629	226	62	costly	costly	ADJ
cblr-8629	226	63	firm	firm	ADJ
cblr-8629	226	64	-	-	PUNCT
cblr-8629	226	65	specific	specific	ADJ
cblr-8629	226	66	research	research	NOUN
cblr-8629	226	67	,	,	PUNCT
cblr-8629	226	68	index	index	NOUN
cblr-8629	226	69	funds	fund	NOUN
cblr-8629	226	70	incur	incur	VERB
cblr-8629	226	71	lower	low	ADJ
cblr-8629	226	72	management	management	NOUN
cblr-8629	226	73	costs	cost	NOUN
cblr-8629	226	74	,	,	PUNCT
cblr-8629	226	75	and	and	CCONJ
cblr-8629	226	76	they	they	PRON
cblr-8629	226	77	pass	pass	VERB
cblr-8629	226	78	these	these	DET
cblr-8629	226	79	reduced	reduce	VERB
cblr-8629	226	80	costs	cost	NOUN
cblr-8629	226	81	on	on	ADP
cblr-8629	226	82	to	to	ADP
cblr-8629	226	83	mutual	mutual	ADJ
cblr-8629	226	84	fund	fund	NOUN
cblr-8629	226	85	investors	investor	NOUN
cblr-8629	226	86	in	in	ADP
cblr-8629	226	87	the	the	DET
cblr-8629	226	88	form	form	NOUN
cblr-8629	226	89	of	of	ADP
cblr-8629	226	90	very	very	ADV
cblr-8629	226	91	low	low	ADJ
cblr-8629	226	92	fees	fee	NOUN
cblr-8629	226	93	.	.	PUNCT
cblr-8629	226	94	”	"	PUNCT
cblr-8629	226	95	)	)	PUNCT
cblr-8629	226	96	.	.	PUNCT
cblr-8629	227	1	53	53	NUM
cblr-8629	227	2	see	see	VERB
cblr-8629	227	3	fisch	fisch	PROPN
cblr-8629	227	4	et	et	PROPN
cblr-8629	227	5	al	al	PROPN
cblr-8629	227	6	.	.	PROPN
cblr-8629	227	7	,	,	PUNCT
cblr-8629	227	8	supra	supra	PROPN
cblr-8629	227	9	note	note	PROPN
cblr-8629	227	10	7	7	NUM
cblr-8629	227	11	,	,	PUNCT
cblr-8629	227	12	at	at	ADP
cblr-8629	227	13	26	26	NUM
cblr-8629	227	14	(	(	PUNCT
cblr-8629	227	15	noting	note	VERB
cblr-8629	227	16	that	that	SCONJ
cblr-8629	227	17	index	index	NOUN
cblr-8629	227	18	fund	fund	NOUN
cblr-8629	227	19	sponsors	sponsor	NOUN
cblr-8629	227	20	“	"	PUNCT
cblr-8629	227	21	enjoy	enjoy	VERB
cblr-8629	227	22	economies	economy	NOUN
cblr-8629	227	23	of	of	ADP
cblr-8629	227	24	scale	scale	NOUN
cblr-8629	227	25	which	which	PRON
cblr-8629	227	26	enable	enable	VERB
cblr-8629	227	27	them	they	PRON
cblr-8629	227	28	to	to	PART
cblr-8629	227	29	manage	manage	VERB
cblr-8629	227	30	very	very	ADV
cblr-8629	227	31	large	large	ADJ
cblr-8629	227	32	pools	pool	NOUN
cblr-8629	227	33	of	of	ADP
cblr-8629	227	34	assets	asset	NOUN
cblr-8629	227	35	at	at	ADP
cblr-8629	227	36	low	low	ADJ
cblr-8629	227	37	cost	cost	NOUN
cblr-8629	227	38	.	.	PUNCT
cblr-8629	227	39	”	"	PUNCT
cblr-8629	227	40	)	)	PUNCT
cblr-8629	227	41	.	.	PUNCT
cblr-8629	228	1	ahn	ahn	PROPN
cblr-8629	228	2	et	et	PROPN
cblr-8629	228	3	al	al	PROPN
cblr-8629	228	4	.	.	PROPN
cblr-8629	229	1	8/20/2021	8/20/2021	NUM
cblr-8629	229	2	6:14	6:14	NUM
cblr-8629	229	3	pm	pm	NOUN
cblr-8629	229	4	no	no	NOUN
cblr-8629	229	5	.	.	PUNCT
cblr-8629	230	1	2:476	2:476	NUM
cblr-8629	230	2	]	]	X
cblr-8629	230	3	synthetic	synthetic	ADJ
cblr-8629	230	4	governance	governance	NOUN
cblr-8629	230	5	491	491	NUM
cblr-8629	230	6	index	index	NOUN
cblr-8629	230	7	fund	fund	NOUN
cblr-8629	230	8	market	market	NOUN
cblr-8629	230	9	and	and	CCONJ
cblr-8629	230	10	,	,	PUNCT
cblr-8629	230	11	as	as	ADP
cblr-8629	230	12	a	a	DET
cblr-8629	230	13	result	result	NOUN
cblr-8629	230	14	of	of	ADP
cblr-8629	230	15	the	the	DET
cblr-8629	230	16	funds	fund	NOUN
cblr-8629	230	17	they	they	PRON
cblr-8629	230	18	manage	manage	VERB
cblr-8629	230	19	,	,	PUNCT
cblr-8629	230	20	own	own	VERB
cblr-8629	230	21	roughly	roughly	ADV
cblr-8629	230	22	twenty	twenty	NUM
cblr-8629	230	23	percent	percent	NOUN
cblr-8629	230	24	of	of	ADP
cblr-8629	230	25	s&p	s&p	PROPN
cblr-8629	230	26	500	500	NUM
cblr-8629	230	27	companies.54	companies.54	NOUN
cblr-8629	230	28	although	although	SCONJ
cblr-8629	230	29	there	there	PRON
cblr-8629	230	30	are	be	VERB
cblr-8629	230	31	thousands	thousand	NOUN
cblr-8629	230	32	of	of	ADP
cblr-8629	230	33	indexes,55	indexes,55	PRON
cblr-8629	230	34	the	the	DET
cblr-8629	230	35	vast	vast	ADJ
cblr-8629	230	36	majority	majority	NOUN
cblr-8629	230	37	of	of	ADP
cblr-8629	230	38	assets	asset	NOUN
cblr-8629	230	39	are	be	AUX
cblr-8629	230	40	invested	invest	VERB
cblr-8629	230	41	in	in	ADP
cblr-8629	230	42	funds	fund	NOUN
cblr-8629	230	43	based	base	VERB
cblr-8629	230	44	on	on	ADP
cblr-8629	230	45	widelyknown	widelyknown	NOUN
cblr-8629	230	46	and	and	CCONJ
cblr-8629	230	47	broad	broad	ADV
cblr-8629	230	48	-	-	PUNCT
cblr-8629	230	49	based	base	VERB
cblr-8629	230	50	market	market	NOUN
cblr-8629	230	51	indexes	index	NOUN
cblr-8629	230	52	.	.	PUNCT
cblr-8629	231	1	adriana	adriana	PROPN
cblr-8629	231	2	robertson	robertson	PROPN
cblr-8629	231	3	reports	report	VERB
cblr-8629	231	4	that	that	SCONJ
cblr-8629	231	5	almost	almost	ADV
cblr-8629	231	6	$	$	SYM
cblr-8629	231	7	4	4	NUM
cblr-8629	231	8	trillion	trillion	NUM
cblr-8629	231	9	in	in	ADP
cblr-8629	231	10	assets	asset	NOUN
cblr-8629	231	11	are	be	AUX
cblr-8629	231	12	invested	invest	VERB
cblr-8629	231	13	in	in	ADP
cblr-8629	231	14	funds	fund	NOUN
cblr-8629	231	15	that	that	PRON
cblr-8629	231	16	track	track	VERB
cblr-8629	231	17	the	the	DET
cblr-8629	231	18	s&p	s&p	PROPN
cblr-8629	231	19	500	500	NUM
cblr-8629	231	20	,	,	PUNCT
cblr-8629	231	21	and	and	CCONJ
cblr-8629	231	22	another	another	DET
cblr-8629	231	23	almost	almost	ADV
cblr-8629	231	24	$	$	SYM
cblr-8629	231	25	800	800	NUM
cblr-8629	231	26	billion	billion	NUM
cblr-8629	231	27	are	be	AUX
cblr-8629	231	28	invested	invest	VERB
cblr-8629	231	29	in	in	ADP
cblr-8629	231	30	funds	fund	NOUN
cblr-8629	231	31	that	that	PRON
cblr-8629	231	32	track	track	VERB
cblr-8629	231	33	the	the	DET
cblr-8629	231	34	crsp	crsp	PROPN
cblr-8629	231	35	u.s	u.s	PROPN
cblr-8629	231	36	.	.	PROPN
cblr-8629	231	37	total	total	ADJ
cblr-8629	231	38	market	market	NOUN
cblr-8629	231	39	index.56	index.56	NOUN
cblr-8629	231	40	together	together	ADV
cblr-8629	231	41	these	these	DET
cblr-8629	231	42	indexes	index	NOUN
cblr-8629	231	43	account	account	VERB
cblr-8629	231	44	for	for	ADP
cblr-8629	231	45	approximately	approximately	ADV
cblr-8629	231	46	half	half	NOUN
cblr-8629	231	47	of	of	ADP
cblr-8629	231	48	the	the	DET
cblr-8629	231	49	assets	asset	NOUN
cblr-8629	231	50	invested	invest	VERB
cblr-8629	231	51	in	in	ADP
cblr-8629	231	52	index	index	NOUN
cblr-8629	231	53	funds.57	funds.57	PROPN
cblr-8629	231	54	a	a	DET
cblr-8629	231	55	variety	variety	NOUN
cblr-8629	231	56	of	of	ADP
cblr-8629	231	57	studies	study	NOUN
cblr-8629	231	58	have	have	AUX
cblr-8629	231	59	sought	seek	VERB
cblr-8629	231	60	to	to	PART
cblr-8629	231	61	analyze	analyze	VERB
cblr-8629	231	62	the	the	DET
cblr-8629	231	63	effect	effect	NOUN
cblr-8629	231	64	of	of	ADP
cblr-8629	231	65	the	the	DET
cblr-8629	231	66	rise	rise	NOUN
cblr-8629	231	67	in	in	ADP
cblr-8629	231	68	index	index	NOUN
cblr-8629	231	69	investing	invest	VERB
cblr-8629	231	70	on	on	ADP
cblr-8629	231	71	corporate	corporate	ADJ
cblr-8629	231	72	governance	governance	NOUN
cblr-8629	231	73	and	and	CCONJ
cblr-8629	231	74	the	the	DET
cblr-8629	231	75	capital	capital	NOUN
cblr-8629	231	76	markets.58	markets.58	PROPN
cblr-8629	231	77	at	at	ADP
cblr-8629	231	78	a	a	DET
cblr-8629	231	79	minimum	minimum	NOUN
cblr-8629	231	80	,	,	PUNCT
cblr-8629	231	81	an	an	DET
cblr-8629	231	82	index	index	NOUN
cblr-8629	231	83	-	-	PUNCT
cblr-8629	231	84	based	base	VERB
cblr-8629	231	85	investment	investment	NOUN
cblr-8629	231	86	strategy	strategy	NOUN
cblr-8629	231	87	limits	limit	VERB
cblr-8629	231	88	the	the	DET
cblr-8629	231	89	ability	ability	NOUN
cblr-8629	231	90	of	of	ADP
cblr-8629	231	91	index	index	NOUN
cblr-8629	231	92	fund	fund	NOUN
cblr-8629	231	93	managers	manager	NOUN
cblr-8629	231	94	to	to	PART
cblr-8629	231	95	discipline	discipline	VERB
cblr-8629	231	96	portfolio	portfolio	NOUN
cblr-8629	231	97	companies	company	NOUN
cblr-8629	231	98	through	through	ADP
cblr-8629	231	99	trading	trading	NOUN
cblr-8629	231	100	decisions	decision	NOUN
cblr-8629	231	101	.	.	PUNCT
cblr-8629	232	1	this	this	DET
cblr-8629	232	2	issue	issue	NOUN
cblr-8629	232	3	has	have	AUX
cblr-8629	232	4	raised	raise	VERB
cblr-8629	232	5	particular	particular	ADJ
cblr-8629	232	6	concern	concern	NOUN
cblr-8629	232	7	with	with	ADP
cblr-8629	232	8	respect	respect	NOUN
cblr-8629	232	9	to	to	ADP
cblr-8629	232	10	corporate	corporate	ADJ
cblr-8629	232	11	governance	governance	NOUN
cblr-8629	232	12	.	.	PUNCT
cblr-8629	233	1	because	because	SCONJ
cblr-8629	233	2	index	index	NOUN
cblr-8629	233	3	funds	fund	NOUN
cblr-8629	233	4	are	be	AUX
cblr-8629	233	5	compelled	compel	VERB
cblr-8629	233	6	to	to	PART
cblr-8629	233	7	hold	hold	VERB
cblr-8629	233	8	the	the	DET
cblr-8629	233	9	portfolio	portfolio	NOUN
cblr-8629	233	10	companies	company	NOUN
cblr-8629	233	11	in	in	ADP
cblr-8629	233	12	the	the	DET
cblr-8629	233	13	underlying	underlying	ADJ
cblr-8629	233	14	indexes	index	NOUN
cblr-8629	233	15	,	,	PUNCT
cblr-8629	233	16	they	they	PRON
cblr-8629	233	17	can	can	AUX
cblr-8629	233	18	not	not	PART
cblr-8629	233	19	sell	sell	VERB
cblr-8629	233	20	companies	company	NOUN
cblr-8629	233	21	on	on	ADP
cblr-8629	233	22	the	the	DET
cblr-8629	233	23	basis	basis	NOUN
cblr-8629	233	24	of	of	ADP
cblr-8629	233	25	bad	bad	ADJ
cblr-8629	233	26	governance	governance	NOUN
cblr-8629	233	27	or	or	CCONJ
cblr-8629	233	28	invest	invest	VERB
cblr-8629	233	29	more	more	ADJ
cblr-8629	233	30	in	in	ADP
cblr-8629	233	31	companies	company	NOUN
cblr-8629	233	32	with	with	ADP
cblr-8629	233	33	high	high	ADJ
cblr-8629	233	34	quality	quality	NOUN
cblr-8629	233	35	governance	governance	NOUN
cblr-8629	233	36	.	.	PUNCT
cblr-8629	234	1	this	this	PRON
cblr-8629	234	2	has	have	AUX
cblr-8629	234	3	led	lead	VERB
cblr-8629	234	4	some	some	DET
cblr-8629	234	5	commentators	commentator	NOUN
cblr-8629	234	6	to	to	PART
cblr-8629	234	7	express	express	VERB
cblr-8629	234	8	concern	concern	NOUN
cblr-8629	234	9	that	that	SCONJ
cblr-8629	234	10	growth	growth	NOUN
cblr-8629	234	11	in	in	ADP
cblr-8629	234	12	index	index	NOUN
cblr-8629	234	13	investing	investing	NOUN
cblr-8629	234	14	will	will	AUX
cblr-8629	234	15	undermine	undermine	VERB
cblr-8629	234	16	the	the	DET
cblr-8629	234	17	ability	ability	NOUN
cblr-8629	234	18	of	of	ADP
cblr-8629	234	19	the	the	DET
cblr-8629	234	20	capital	capital	NOUN
cblr-8629	234	21	markets	market	NOUN
cblr-8629	234	22	to	to	PART
cblr-8629	234	23	discipline	discipline	VERB
cblr-8629	234	24	corporate	corporate	ADJ
cblr-8629	234	25	governance	governance	NOUN
cblr-8629	234	26	through	through	ADP
cblr-8629	234	27	stock	stock	NOUN
cblr-8629	234	28	prices.59	prices.59	VERB
cblr-8629	234	29	other	other	ADJ
cblr-8629	234	30	researchers	researcher	NOUN
cblr-8629	234	31	provide	provide	VERB
cblr-8629	234	32	evidence	evidence	NOUN
cblr-8629	234	33	that	that	SCONJ
cblr-8629	234	34	index	index	NOUN
cblr-8629	234	35	investing	investing	NOUN
cblr-8629	234	36	can	can	AUX
cblr-8629	234	37	facilitate	facilitate	VERB
cblr-8629	234	38	informed	informed	ADJ
cblr-8629	234	39	trading	trading	NOUN
cblr-8629	234	40	for	for	ADP
cblr-8629	234	41	more	more	ADJ
cblr-8629	234	42	arbitrage	arbitrage	NOUN
cblr-8629	234	43	-	-	PUNCT
cblr-8629	234	44	constrained	constrain	VERB
cblr-8629	234	45	micro	micro	NOUN
cblr-8629	234	46	-	-	NOUN
cblr-8629	234	47	cap	cap	ADJ
cblr-8629	234	48	stocks	stock	NOUN
cblr-8629	234	49	through	through	ADP
cblr-8629	234	50	the	the	DET
cblr-8629	234	51	realization	realization	NOUN
cblr-8629	234	52	of	of	ADP
cblr-8629	234	53	short	short	ADJ
cblr-8629	234	54	sales	sale	NOUN
cblr-8629	234	55	constraints.60	constraints.60	PROPN
cblr-8629	234	56	54	54	NUM
cblr-8629	234	57	see	see	VERB
cblr-8629	234	58	lim	lim	PROPN
cblr-8629	234	59	,	,	PUNCT
cblr-8629	234	60	supra	supra	PROPN
cblr-8629	234	61	note	note	PROPN
cblr-8629	234	62	51	51	NUM
cblr-8629	234	63	.	.	PUNCT
cblr-8629	234	64	55	55	NUM
cblr-8629	234	65	cf	cf	NOUN
cblr-8629	234	66	.	.	PUNCT
cblr-8629	235	1	robertson	robertson	PROPN
cblr-8629	235	2	,	,	PUNCT
cblr-8629	235	3	supra	supra	PROPN
cblr-8629	235	4	note	note	PROPN
cblr-8629	235	5	9	9	NUM
cblr-8629	235	6	,	,	PUNCT
cblr-8629	235	7	at	at	ADP
cblr-8629	235	8	811–12	811–12	PROPN
cblr-8629	235	9	(	(	PUNCT
cblr-8629	235	10	reporting	report	VERB
cblr-8629	235	11	601	601	NUM
cblr-8629	235	12	distinct	distinct	ADJ
cblr-8629	235	13	indexes	index	NOUN
cblr-8629	235	14	based	base	VERB
cblr-8629	235	15	on	on	ADP
cblr-8629	235	16	u.s	u.s	PROPN
cblr-8629	235	17	.	.	PROPN
cblr-8629	235	18	equities	equity	NOUN
cblr-8629	235	19	)	)	PUNCT
cblr-8629	235	20	.	.	PUNCT
cblr-8629	236	1	56	56	NUM
cblr-8629	237	1	i	i	PRON
cblr-8629	237	2	d.	d.	PROPN
cblr-8629	237	3	at	at	ADP
cblr-8629	237	4	816	816	NUM
cblr-8629	237	5	tbl.4	tbl.4	NUM
cblr-8629	237	6	.	.	PUNCT
cblr-8629	238	1	57	57	NUM
cblr-8629	239	1	i	i	PRON
cblr-8629	239	2	d.	d.	PROPN
cblr-8629	239	3	58	58	NUM
cblr-8629	239	4	see	see	VERB
cblr-8629	239	5	,	,	PUNCT
cblr-8629	239	6	e.g.	e.g.	ADV
cblr-8629	239	7	,	,	PUNCT
cblr-8629	239	8	generally	generally	ADV
cblr-8629	239	9	fisch	fisch	VERB
cblr-8629	239	10	et	et	PROPN
cblr-8629	239	11	al	al	PROPN
cblr-8629	239	12	.	.	PROPN
cblr-8629	239	13	,	,	PUNCT
cblr-8629	239	14	supra	supra	PROPN
cblr-8629	239	15	note	note	NOUN
cblr-8629	239	16	7	7	NUM
cblr-8629	239	17	.	.	SYM
cblr-8629	239	18	59	59	NUM
cblr-8629	239	19	see	see	NOUN
cblr-8629	239	20	,	,	PUNCT
cblr-8629	239	21	e.g.	e.g.	ADV
cblr-8629	239	22	,	,	PUNCT
cblr-8629	239	23	vladyslav	vladyslav	NOUN
cblr-8629	239	24	sushko	sushko	PROPN
cblr-8629	239	25	&	&	CCONJ
cblr-8629	239	26	grant	grant	PROPN
cblr-8629	239	27	turner	turner	PROPN
cblr-8629	239	28	,	,	PUNCT
cblr-8629	239	29	the	the	DET
cblr-8629	239	30	implications	implication	NOUN
cblr-8629	239	31	of	of	ADP
cblr-8629	239	32	passive	passive	ADJ
cblr-8629	239	33	investing	investing	NOUN
cblr-8629	239	34	for	for	ADP
cblr-8629	239	35	securities	security	NOUN
cblr-8629	239	36	markets	market	NOUN
cblr-8629	239	37	,	,	PUNCT
cblr-8629	239	38	bis	bis	PROPN
cblr-8629	239	39	q.	q.	PROPN
cblr-8629	239	40	rev	rev	PROPN
cblr-8629	239	41	.	.	PROPN
cblr-8629	239	42	,	,	PUNCT
cblr-8629	239	43	mar	mar	PROPN
cblr-8629	239	44	.	.	PROPN
cblr-8629	239	45	2018	2018	NUM
cblr-8629	239	46	,	,	PUNCT
cblr-8629	239	47	at	at	ADP
cblr-8629	239	48	113	113	NUM
cblr-8629	239	49	,	,	PUNCT
cblr-8629	239	50	121	121	NUM
cblr-8629	239	51	(	(	PUNCT
cblr-8629	239	52	“	"	PUNCT
cblr-8629	239	53	a	a	DET
cblr-8629	239	54	higher	high	ADJ
cblr-8629	239	55	share	share	NOUN
cblr-8629	239	56	of	of	ADP
cblr-8629	239	57	passive	passive	ADJ
cblr-8629	239	58	investors	investor	NOUN
cblr-8629	239	59	could	could	AUX
cblr-8629	239	60	.	.	PUNCT
cblr-8629	239	61	.	.	PUNCT
cblr-8629	239	62	.	.	PUNCT
cblr-8629	240	1	weaken	weaken	VERB
cblr-8629	240	2	market	market	NOUN
cblr-8629	240	3	discipline	discipline	NOUN
cblr-8629	240	4	and	and	CCONJ
cblr-8629	240	5	alter	alter	VERB
cblr-8629	240	6	the	the	DET
cblr-8629	240	7	incentives	incentive	NOUN
cblr-8629	240	8	of	of	ADP
cblr-8629	240	9	corporate	corporate	ADJ
cblr-8629	240	10	and	and	CCONJ
cblr-8629	240	11	sovereign	sovereign	ADJ
cblr-8629	240	12	issuers	issuer	NOUN
cblr-8629	240	13	to	to	PART
cblr-8629	240	14	act	act	VERB
cblr-8629	240	15	in	in	ADP
cblr-8629	240	16	the	the	DET
cblr-8629	240	17	interest	interest	NOUN
cblr-8629	240	18	of	of	ADP
cblr-8629	240	19	investors	investor	NOUN
cblr-8629	240	20	.	.	PUNCT
cblr-8629	240	21	”	"	PUNCT
cblr-8629	240	22	)	)	PUNCT
cblr-8629	240	23	.	.	PUNCT
cblr-8629	241	1	60	60	NUM
cblr-8629	241	2	byung	byung	PROPN
cblr-8629	241	3	hyun	hyun	PROPN
cblr-8629	241	4	ahn	ahn	PROPN
cblr-8629	241	5	&	&	CCONJ
cblr-8629	241	6	panos	panos	PROPN
cblr-8629	241	7	n.	n.	PROPN
cblr-8629	241	8	patatoukas	patatoukas	PROPN
cblr-8629	241	9	,	,	PUNCT
cblr-8629	241	10	identifying	identify	VERB
cblr-8629	241	11	the	the	DET
cblr-8629	241	12	effect	effect	NOUN
cblr-8629	241	13	of	of	ADP
cblr-8629	241	14	stock	stock	NOUN
cblr-8629	241	15	indexing	indexing	NOUN
cblr-8629	241	16	:	:	PUNCT
cblr-8629	241	17	impetus	impetus	NOUN
cblr-8629	241	18	or	or	CCONJ
cblr-8629	241	19	impediment	impediment	VERB
cblr-8629	241	20	to	to	ADP
cblr-8629	241	21	arbitrage	arbitrage	NOUN
cblr-8629	241	22	and	and	CCONJ
cblr-8629	241	23	price	price	NOUN
cblr-8629	241	24	discovery	discovery	NOUN
cblr-8629	241	25	?	?	PUNCT
cblr-8629	241	26	,	,	PUNCT
cblr-8629	241	27	ahn	ahn	PROPN
cblr-8629	241	28	et	et	PROPN
cblr-8629	241	29	al	al	PROPN
cblr-8629	241	30	.	.	PROPN
cblr-8629	242	1	8/20/2021	8/20/2021	NUM
cblr-8629	242	2	6:14	6:14	NUM
cblr-8629	242	3	pm	pm	PROPN
cblr-8629	242	4	492	492	NUM
cblr-8629	242	5	columbia	columbia	PROPN
cblr-8629	242	6	business	business	PROPN
cblr-8629	242	7	law	law	PROPN
cblr-8629	242	8	review	review	NOUN
cblr-8629	242	9	[	[	X
cblr-8629	242	10	vol	vol	NOUN
cblr-8629	242	11	.	.	PUNCT
cblr-8629	242	12	2021	2021	NUM
cblr-8629	242	13	companies	company	NOUN
cblr-8629	242	14	frequently	frequently	ADV
cblr-8629	242	15	go	go	VERB
cblr-8629	242	16	public	public	ADJ
cblr-8629	242	17	with	with	ADP
cblr-8629	242	18	dual	dual	ADJ
cblr-8629	242	19	class	class	NOUN
cblr-8629	242	20	voting	voting	NOUN
cblr-8629	242	21	structures	structure	NOUN
cblr-8629	242	22	,	,	PUNCT
cblr-8629	242	23	staggered	staggered	ADJ
cblr-8629	242	24	boards	board	NOUN
cblr-8629	242	25	,	,	PUNCT
cblr-8629	242	26	and	and	CCONJ
cblr-8629	242	27	other	other	ADJ
cblr-8629	242	28	features	feature	NOUN
cblr-8629	242	29	that	that	PRON
cblr-8629	242	30	do	do	AUX
cblr-8629	242	31	not	not	PART
cblr-8629	242	32	comply	comply	VERB
cblr-8629	242	33	with	with	ADP
cblr-8629	242	34	so	so	ADV
cblr-8629	242	35	-	-	PUNCT
cblr-8629	242	36	called	call	VERB
cblr-8629	242	37	best	good	ADJ
cblr-8629	242	38	governance	governance	NOUN
cblr-8629	242	39	practices.61	practices.61	NOUN
cblr-8629	242	40	when	when	SCONJ
cblr-8629	242	41	those	those	DET
cblr-8629	242	42	companies	company	NOUN
cblr-8629	242	43	meet	meet	VERB
cblr-8629	242	44	the	the	DET
cblr-8629	242	45	criteria	criterion	NOUN
cblr-8629	242	46	for	for	ADP
cblr-8629	242	47	inclusion	inclusion	NOUN
cblr-8629	242	48	in	in	ADP
cblr-8629	242	49	an	an	DET
cblr-8629	242	50	index	index	NOUN
cblr-8629	242	51	,	,	PUNCT
cblr-8629	242	52	an	an	DET
cblr-8629	242	53	index	index	NOUN
cblr-8629	242	54	fund	fund	NOUN
cblr-8629	242	55	must	must	AUX
cblr-8629	242	56	invest	invest	VERB
cblr-8629	242	57	in	in	ADP
cblr-8629	242	58	their	their	PRON
cblr-8629	242	59	shares	share	NOUN
cblr-8629	242	60	despite	despite	SCONJ
cblr-8629	242	61	its	its	PRON
cblr-8629	242	62	view	view	NOUN
cblr-8629	242	63	that	that	SCONJ
cblr-8629	242	64	the	the	DET
cblr-8629	242	65	company	company	NOUN
cblr-8629	242	66	’s	’s	PART
cblr-8629	242	67	performance	performance	NOUN
cblr-8629	242	68	would	would	AUX
cblr-8629	242	69	be	be	AUX
cblr-8629	242	70	improved	improve	VERB
cblr-8629	242	71	by	by	ADP
cblr-8629	242	72	changes	change	NOUN
cblr-8629	242	73	in	in	ADP
cblr-8629	242	74	its	its	PRON
cblr-8629	242	75	governance	governance	NOUN
cblr-8629	242	76	.	.	PUNCT
cblr-8629	243	1	sponsors	sponsor	NOUN
cblr-8629	243	2	have	have	AUX
cblr-8629	243	3	complained	complain	VERB
cblr-8629	243	4	vociferously	vociferously	ADV
cblr-8629	243	5	about	about	ADP
cblr-8629	243	6	the	the	DET
cblr-8629	243	7	fact	fact	NOUN
cblr-8629	243	8	that	that	SCONJ
cblr-8629	243	9	they	they	PRON
cblr-8629	243	10	are	be	AUX
cblr-8629	243	11	being	be	AUX
cblr-8629	243	12	forced	force	VERB
cblr-8629	243	13	to	to	PART
cblr-8629	243	14	invest	invest	VERB
cblr-8629	243	15	in	in	ADP
cblr-8629	243	16	companies	company	NOUN
cblr-8629	243	17	that	that	PRON
cblr-8629	243	18	lack	lack	VERB
cblr-8629	243	19	the	the	DET
cblr-8629	243	20	governance	governance	NOUN
cblr-8629	243	21	scheme	scheme	NOUN
cblr-8629	243	22	the	the	DET
cblr-8629	243	23	sponsors	sponsor	NOUN
cblr-8629	243	24	desire.62	desire.62	VERB
cblr-8629	243	25	some	some	PRON
cblr-8629	243	26	have	have	AUX
cblr-8629	243	27	called	call	VERB
cblr-8629	243	28	for	for	ADP
cblr-8629	243	29	regulatory	regulatory	ADJ
cblr-8629	243	30	intervention	intervention	NOUN
cblr-8629	243	31	.	.	PUNCT
cblr-8629	244	1	in	in	ADP
cblr-8629	244	2	response	response	NOUN
cblr-8629	244	3	to	to	PART
cblr-8629	244	4	snap	snap	VERB
cblr-8629	244	5	’s	’s	PART
cblr-8629	244	6	announcement	announcement	NOUN
cblr-8629	244	7	that	that	SCONJ
cblr-8629	244	8	it	it	PRON
cblr-8629	244	9	planned	plan	VERB
cblr-8629	244	10	to	to	PART
cblr-8629	244	11	issue	issue	VERB
cblr-8629	244	12	non	non	ADJ
cblr-8629	244	13	-	-	ADJ
cblr-8629	244	14	voting	voting	ADJ
cblr-8629	244	15	stock	stock	NOUN
cblr-8629	244	16	to	to	ADP
cblr-8629	244	17	public	public	ADJ
cblr-8629	244	18	investors	investor	NOUN
cblr-8629	244	19	,	,	PUNCT
cblr-8629	244	20	commentators	commentator	NOUN
cblr-8629	244	21	urged	urge	VERB
cblr-8629	244	22	the	the	DET
cblr-8629	244	23	sec	sec	PROPN
cblr-8629	244	24	to	to	PART
cblr-8629	244	25	prohibit	prohibit	VERB
cblr-8629	244	26	or	or	CCONJ
cblr-8629	244	27	restrict	restrict	VERB
cblr-8629	244	28	the	the	DET
cblr-8629	244	29	issuance	issuance	NOUN
cblr-8629	244	30	of	of	ADP
cblr-8629	244	31	non	non	ADJ
cblr-8629	244	32	-	-	ADJ
cblr-8629	244	33	voting	voting	ADJ
cblr-8629	244	34	shares.63	shares.63	NOUN
cblr-8629	244	35	another	another	DET
cblr-8629	244	36	option	option	NOUN
cblr-8629	244	37	is	be	AUX
cblr-8629	244	38	to	to	PART
cblr-8629	244	39	exclude	exclude	VERB
cblr-8629	244	40	such	such	ADJ
cblr-8629	244	41	companies	company	NOUN
cblr-8629	244	42	from	from	ADP
cblr-8629	244	43	listing	list	VERB
cblr-8629	244	44	their	their	PRON
cblr-8629	244	45	shares	share	NOUN
cblr-8629	244	46	on	on	ADP
cblr-8629	244	47	the	the	DET
cblr-8629	244	48	stock	stock	NOUN
cblr-8629	244	49	exchanges	exchange	NOUN
cblr-8629	244	50	.	.	PUNCT
cblr-8629	245	1	in	in	ADP
cblr-8629	245	2	2018	2018	NUM
cblr-8629	245	3	,	,	PUNCT
cblr-8629	245	4	the	the	DET
cblr-8629	245	5	council	council	NOUN
cblr-8629	245	6	of	of	ADP
cblr-8629	245	7	institutional	institutional	ADJ
cblr-8629	245	8	investors	investor	NOUN
cblr-8629	245	9	(	(	PUNCT
cblr-8629	245	10	cii	cii	PROPN
cblr-8629	245	11	)	)	PUNCT
cblr-8629	245	12	filed	file	VERB
cblr-8629	245	13	petitions	petition	NOUN
cblr-8629	245	14	with	with	ADP
cblr-8629	245	15	the	the	DET
cblr-8629	245	16	new	new	PROPN
cblr-8629	245	17	york	york	PROPN
cblr-8629	245	18	stock	stock	PROPN
cblr-8629	245	19	exchange	exchange	PROPN
cblr-8629	245	20	(	(	PUNCT
cblr-8629	245	21	nyse	nyse	PROPN
cblr-8629	245	22	)	)	PUNCT
cblr-8629	245	23	and	and	CCONJ
cblr-8629	245	24	nasdaq	nasdaq	PROPN
cblr-8629	245	25	encouraging	encourage	VERB
cblr-8629	245	26	them	they	PRON
cblr-8629	245	27	to	to	PART
cblr-8629	245	28	limit	limit	VERB
cblr-8629	245	29	the	the	DET
cblr-8629	245	30	listing	listing	NOUN
cblr-8629	245	31	of	of	ADP
cblr-8629	245	32	dual	dual	ADJ
cblr-8629	245	33	class	class	NOUN
cblr-8629	245	34	issuers.64	issuers.64	NOUN
cblr-8629	245	35	after	after	ADP
cblr-8629	245	36	a	a	DET
cblr-8629	245	37	debate	debate	NOUN
cblr-8629	245	38	over	over	ADP
cblr-8629	245	39	j.	j.	PROPN
cblr-8629	245	40	fin	fin	PROPN
cblr-8629	245	41	.	.	PUNCT
cblr-8629	245	42	&	&	CCONJ
cblr-8629	245	43	quantitative	quantitative	ADJ
cblr-8629	245	44	analysis	analysis	NOUN
cblr-8629	245	45	(	(	PUNCT
cblr-8629	245	46	forthcoming	forthcoming	ADJ
cblr-8629	245	47	2021	2021	NUM
cblr-8629	245	48	)	)	PUNCT
cblr-8629	245	49	(	(	PUNCT
cblr-8629	245	50	manuscript	manuscript	NOUN
cblr-8629	245	51	at	at	ADP
cblr-8629	245	52	2–5	2–5	PROPN
cblr-8629	245	53	)	)	PUNCT
cblr-8629	245	54	(	(	PUNCT
cblr-8629	245	55	on	on	ADP
cblr-8629	245	56	file	file	NOUN
cblr-8629	245	57	with	with	ADP
cblr-8629	245	58	the	the	DET
cblr-8629	245	59	columbia	columbia	PROPN
cblr-8629	245	60	business	business	PROPN
cblr-8629	245	61	law	law	PROPN
cblr-8629	245	62	review	review	PROPN
cblr-8629	245	63	)	)	PUNCT
cblr-8629	245	64	,	,	PUNCT
cblr-8629	245	65	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3525355	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3525355	PROPN
cblr-8629	245	66	.	.	PROPN
cblr-8629	245	67	61	61	NUM
cblr-8629	245	68	see	see	VERB
cblr-8629	245	69	,	,	PUNCT
cblr-8629	245	70	e.g.	e.g.	ADV
cblr-8629	245	71	,	,	PUNCT
cblr-8629	245	72	blair	blair	PROPN
cblr-8629	245	73	nicholas	nicholas	PROPN
cblr-8629	245	74	&	&	CCONJ
cblr-8629	245	75	brandon	brandon	PROPN
cblr-8629	245	76	marsh	marsh	PROPN
cblr-8629	245	77	,	,	PUNCT
cblr-8629	245	78	dual	dual	ADJ
cblr-8629	245	79	-	-	PUNCT
cblr-8629	245	80	class	class	NOUN
cblr-8629	245	81	:	:	PUNCT
cblr-8629	245	82	the	the	DET
cblr-8629	245	83	consequences	consequence	NOUN
cblr-8629	245	84	of	of	ADP
cblr-8629	245	85	depriving	deprive	VERB
cblr-8629	245	86	institutional	institutional	ADJ
cblr-8629	245	87	investors	investor	NOUN
cblr-8629	245	88	of	of	ADP
cblr-8629	245	89	corporate	corporate	ADJ
cblr-8629	245	90	voting	voting	NOUN
cblr-8629	245	91	rights	right	NOUN
cblr-8629	245	92	,	,	PUNCT
cblr-8629	245	93	harv	harv	PROPN
cblr-8629	245	94	.	.	PUNCT
cblr-8629	246	1	l.	l.	PROPN
cblr-8629	246	2	sch	sch	PROPN
cblr-8629	246	3	.	.	PUNCT
cblr-8629	247	1	f.	f.	PROPN
cblr-8629	247	2	on	on	ADP
cblr-8629	247	3	corp	corp	PROPN
cblr-8629	247	4	.	.	PROPN
cblr-8629	247	5	governance	governance	PROPN
cblr-8629	247	6	&	&	CCONJ
cblr-8629	247	7	fin	fin	PROPN
cblr-8629	247	8	.	.	PUNCT
cblr-8629	248	1	regul	regul	NOUN
cblr-8629	248	2	.	.	PUNCT
cblr-8629	249	1	(	(	PUNCT
cblr-8629	249	2	may	may	PROPN
cblr-8629	249	3	17	17	NUM
cblr-8629	249	4	,	,	PUNCT
cblr-8629	249	5	2017	2017	NUM
cblr-8629	249	6	)	)	PUNCT
cblr-8629	249	7	,	,	PUNCT
cblr-8629	249	8	https://corpgov.law.harvard.edu/2017/05/17/dual-class-theconsequences-of-depriving-institutional-investors-of-corporate-votingrights/	https://corpgov.law.harvard.edu/2017/05/17/dual-class-theconsequences-of-depriving-institutional-investors-of-corporate-votingrights/	NOUN
cblr-8629	250	1	[	[	X
cblr-8629	250	2	https://perma.cc/aa35-lsra	https://perma.cc/aa35-lsra	X
cblr-8629	250	3	]	]	X
cblr-8629	250	4	(	(	PUNCT
cblr-8629	250	5	discussing	discuss	VERB
cblr-8629	250	6	trend	trend	NOUN
cblr-8629	250	7	of	of	ADP
cblr-8629	250	8	initial	initial	ADJ
cblr-8629	250	9	public	public	ADJ
cblr-8629	250	10	offerings	offering	NOUN
cblr-8629	250	11	with	with	ADP
cblr-8629	250	12	dual	dual	ADJ
cblr-8629	250	13	class	class	NOUN
cblr-8629	250	14	structures	structure	NOUN
cblr-8629	250	15	)	)	PUNCT
cblr-8629	250	16	.	.	PUNCT
cblr-8629	251	1	62	62	NUM
cblr-8629	251	2	see	see	VERB
cblr-8629	251	3	ning	ning	PROPN
cblr-8629	251	4	chiu	chiu	PROPN
cblr-8629	251	5	,	,	PUNCT
cblr-8629	251	6	blackrock	blackrock	PROPN
cblr-8629	251	7	wants	want	VERB
cblr-8629	251	8	equal	equal	ADJ
cblr-8629	251	9	voting	voting	NOUN
cblr-8629	251	10	rights	right	NOUN
cblr-8629	251	11	but	but	CCONJ
cblr-8629	251	12	opposes	oppose	VERB
cblr-8629	251	13	exclusion	exclusion	NOUN
cblr-8629	251	14	from	from	ADP
cblr-8629	251	15	indexes	index	NOUN
cblr-8629	251	16	,	,	PUNCT
cblr-8629	252	1	davis	davis	PROPN
cblr-8629	252	2	polk	polk	PROPN
cblr-8629	252	3	briefing	briefing	PROPN
cblr-8629	252	4	:	:	PUNCT
cblr-8629	252	5	governance	governance	NOUN
cblr-8629	252	6	(	(	PUNCT
cblr-8629	252	7	oct	oct	PROPN
cblr-8629	252	8	.	.	PROPN
cblr-8629	252	9	23	23	NUM
cblr-8629	252	10	,	,	PUNCT
cblr-8629	252	11	2017	2017	NUM
cblr-8629	252	12	)	)	PUNCT
cblr-8629	252	13	,	,	PUNCT
cblr-8629	252	14	https://www.briefinggovernance.com/2017/10/blackrock-wants-equalvoting-rights-but-opposes-exclusion-from-indexes/	https://www.briefinggovernance.com/2017/10/blackrock-wants-equalvoting-rights-but-opposes-exclusion-from-indexes/	PROPN
cblr-8629	253	1	[	[	X
cblr-8629	253	2	https://perma.cc/vk3sw7hc	https://perma.cc/vk3sw7hc	X
cblr-8629	253	3	]	]	X
cblr-8629	253	4	.	.	PUNCT
cblr-8629	254	1	63	63	NUM
cblr-8629	254	2	madison	madison	NOUN
cblr-8629	254	3	marriage	marriage	NOUN
cblr-8629	254	4	,	,	PUNCT
cblr-8629	254	5	state	state	NOUN
cblr-8629	254	6	street	street	NOUN
cblr-8629	254	7	asks	ask	VERB
cblr-8629	254	8	sec	sec	PROPN
cblr-8629	254	9	to	to	PART
cblr-8629	254	10	block	block	VERB
cblr-8629	254	11	non	non	ADJ
cblr-8629	254	12	-	-	ADJ
cblr-8629	254	13	voting	voting	ADJ
cblr-8629	254	14	shares	share	NOUN
cblr-8629	254	15	,	,	PUNCT
cblr-8629	254	16	fin	fin	NOUN
cblr-8629	254	17	.	.	PUNCT
cblr-8629	255	1	times	times	PROPN
cblr-8629	255	2	(	(	PUNCT
cblr-8629	255	3	june	june	PROPN
cblr-8629	255	4	18	18	NUM
cblr-8629	255	5	,	,	PUNCT
cblr-8629	255	6	2017	2017	NUM
cblr-8629	255	7	)	)	PUNCT
cblr-8629	255	8	(	(	PUNCT
cblr-8629	255	9	on	on	ADP
cblr-8629	255	10	file	file	NOUN
cblr-8629	255	11	with	with	ADP
cblr-8629	255	12	the	the	DET
cblr-8629	255	13	columbia	columbia	PROPN
cblr-8629	255	14	business	business	PROPN
cblr-8629	255	15	law	law	PROPN
cblr-8629	255	16	review	review	PROPN
cblr-8629	255	17	)	)	PUNCT
cblr-8629	255	18	,	,	PUNCT
cblr-8629	255	19	https://www.ft.com/content/9595e5c4-51db-11e7-bfb8-9970093669	https://www.ft.com/content/9595e5c4-51db-11e7-bfb8-9970093669	VERB
cblr-8629	255	20	69	69	NUM
cblr-8629	255	21	.	.	PUNCT
cblr-8629	256	1	the	the	DET
cblr-8629	256	2	sec	sec	PROPN
cblr-8629	256	3	had	have	AUX
cblr-8629	256	4	previously	previously	ADV
cblr-8629	256	5	attempted	attempt	VERB
cblr-8629	256	6	to	to	PART
cblr-8629	256	7	ban	ban	VERB
cblr-8629	256	8	exchanges	exchange	NOUN
cblr-8629	256	9	from	from	ADP
cblr-8629	256	10	listing	list	VERB
cblr-8629	256	11	dual	dual	ADJ
cblr-8629	256	12	class	class	NOUN
cblr-8629	256	13	stock	stock	NOUN
cblr-8629	256	14	,	,	PUNCT
cblr-8629	256	15	but	but	CCONJ
cblr-8629	256	16	its	its	PRON
cblr-8629	256	17	effort	effort	NOUN
cblr-8629	256	18	was	be	AUX
cblr-8629	256	19	overturned	overturn	VERB
cblr-8629	256	20	by	by	ADP
cblr-8629	256	21	the	the	DET
cblr-8629	256	22	d.c	d.c	PROPN
cblr-8629	256	23	.	.	PROPN
cblr-8629	256	24	circuit	circuit	PROPN
cblr-8629	256	25	court	court	PROPN
cblr-8629	256	26	of	of	ADP
cblr-8629	256	27	appeals	appeal	NOUN
cblr-8629	256	28	.	.	PUNCT
cblr-8629	257	1	bus	bus	NOUN
cblr-8629	257	2	.	.	PUNCT
cblr-8629	258	1	roundtable	roundtable	PROPN
cblr-8629	258	2	v.	v.	ADP
cblr-8629	258	3	sec	sec	PROPN
cblr-8629	258	4	,	,	PUNCT
cblr-8629	258	5	905	905	NUM
cblr-8629	258	6	f.2d	f.2d	NUM
cblr-8629	258	7	406	406	NUM
cblr-8629	258	8	,	,	PUNCT
cblr-8629	258	9	407	407	NUM
cblr-8629	258	10	(	(	PUNCT
cblr-8629	258	11	d.c	d.c	PROPN
cblr-8629	258	12	.	.	PROPN
cblr-8629	258	13	cir	cir	PROPN
cblr-8629	258	14	.	.	PROPN
cblr-8629	258	15	1990	1990	NUM
cblr-8629	258	16	)	)	PUNCT
cblr-8629	258	17	.	.	PUNCT
cblr-8629	259	1	64	64	NUM
cblr-8629	259	2	see	see	VERB
cblr-8629	259	3	hazel	hazel	PROPN
cblr-8629	259	4	bradford	bradford	PROPN
cblr-8629	259	5	,	,	PUNCT
cblr-8629	259	6	investors	investor	NOUN
cblr-8629	259	7	intensify	intensify	VERB
cblr-8629	259	8	fight	fight	NOUN
cblr-8629	259	9	against	against	ADP
cblr-8629	259	10	dual	dual	ADJ
cblr-8629	259	11	-	-	PUNCT
cblr-8629	259	12	class	class	NOUN
cblr-8629	259	13	shares	share	NOUN
cblr-8629	259	14	,	,	PUNCT
cblr-8629	259	15	pensions	pension	NOUN
cblr-8629	259	16	&	&	CCONJ
cblr-8629	259	17	invs	invs	PROPN
cblr-8629	259	18	.	.	PUNCT
cblr-8629	260	1	(	(	PUNCT
cblr-8629	260	2	apr	apr	NOUN
cblr-8629	260	3	.	.	PROPN
cblr-8629	260	4	1	1	NUM
cblr-8629	260	5	,	,	PUNCT
cblr-8629	260	6	2019	2019	NUM
cblr-8629	260	7	,	,	PUNCT
cblr-8629	260	8	1:00	1:00	NUM
cblr-8629	260	9	am	am	NOUN
cblr-8629	260	10	)	)	PUNCT
cblr-8629	260	11	,	,	PUNCT
cblr-8629	260	12	ahn	ahn	PROPN
cblr-8629	260	13	et	et	PROPN
cblr-8629	260	14	al	al	PROPN
cblr-8629	260	15	.	.	PROPN
cblr-8629	261	1	8/20/2021	8/20/2021	NUM
cblr-8629	261	2	6:14	6:14	NUM
cblr-8629	261	3	pm	pm	NOUN
cblr-8629	261	4	no	no	NOUN
cblr-8629	261	5	.	.	PUNCT
cblr-8629	262	1	2:476	2:476	NUM
cblr-8629	262	2	]	]	X
cblr-8629	262	3	synthetic	synthetic	ADJ
cblr-8629	262	4	governance	governance	NOUN
cblr-8629	262	5	493	493	NUM
cblr-8629	262	6	whether	whether	SCONJ
cblr-8629	262	7	issuers	issuer	NOUN
cblr-8629	262	8	should	should	AUX
cblr-8629	262	9	be	be	AUX
cblr-8629	262	10	allowed	allow	VERB
cblr-8629	262	11	to	to	PART
cblr-8629	262	12	go	go	VERB
cblr-8629	262	13	public	public	ADJ
cblr-8629	262	14	with	with	ADP
cblr-8629	262	15	dual	dual	ADJ
cblr-8629	262	16	or	or	CCONJ
cblr-8629	262	17	multi	multi	ADJ
cblr-8629	262	18	-	-	ADJ
cblr-8629	262	19	class	class	ADJ
cblr-8629	262	20	voting	voting	NOUN
cblr-8629	262	21	structures	structure	NOUN
cblr-8629	262	22	in	in	ADP
cblr-8629	262	23	which	which	PRON
cblr-8629	262	24	public	public	ADJ
cblr-8629	262	25	investors	investor	NOUN
cblr-8629	262	26	are	be	AUX
cblr-8629	262	27	only	only	ADV
cblr-8629	262	28	able	able	ADJ
cblr-8629	262	29	to	to	PART
cblr-8629	262	30	purchase	purchase	VERB
cblr-8629	262	31	low	low	ADJ
cblr-8629	262	32	-	-	PUNCT
cblr-8629	262	33	vote	vote	NOUN
cblr-8629	262	34	or	or	CCONJ
cblr-8629	262	35	no	no	DET
cblr-8629	262	36	-	-	PUNCT
cblr-8629	262	37	vote	vote	NOUN
cblr-8629	262	38	stock	stock	NOUN
cblr-8629	262	39	,	,	PUNCT
cblr-8629	262	40	some	some	DET
cblr-8629	262	41	market	market	NOUN
cblr-8629	262	42	participants	participant	NOUN
cblr-8629	262	43	called	call	VERB
cblr-8629	262	44	upon	upon	SCONJ
cblr-8629	262	45	index	index	NOUN
cblr-8629	262	46	providers	provider	NOUN
cblr-8629	262	47	to	to	PART
cblr-8629	262	48	exclude	exclude	VERB
cblr-8629	262	49	dual	dual	ADJ
cblr-8629	262	50	class	class	NOUN
cblr-8629	262	51	issuers	issuer	NOUN
cblr-8629	262	52	from	from	ADP
cblr-8629	262	53	the	the	DET
cblr-8629	262	54	most	most	ADV
cblr-8629	262	55	popular	popular	ADJ
cblr-8629	262	56	indexes.65	indexes.65	NOUN
cblr-8629	262	57	in	in	ADP
cblr-8629	262	58	2017	2017	NUM
cblr-8629	262	59	,	,	PUNCT
cblr-8629	262	60	two	two	NUM
cblr-8629	262	61	leading	lead	VERB
cblr-8629	262	62	index	index	NOUN
cblr-8629	262	63	providers	provider	NOUN
cblr-8629	262	64	—	—	PUNCT
cblr-8629	262	65	dow	dow	PROPN
cblr-8629	262	66	jones	jones	PROPN
cblr-8629	262	67	and	and	CCONJ
cblr-8629	262	68	ftse	ftse	PROPN
cblr-8629	262	69	russell	russell	PROPN
cblr-8629	262	70	,	,	PUNCT
cblr-8629	262	71	which	which	PRON
cblr-8629	262	72	provide	provide	VERB
cblr-8629	262	73	the	the	DET
cblr-8629	262	74	indexes	index	NOUN
cblr-8629	262	75	tracked	track	VERB
cblr-8629	262	76	by	by	ADP
cblr-8629	262	77	the	the	DET
cblr-8629	262	78	most	most	ADV
cblr-8629	262	79	popular	popular	ADJ
cblr-8629	262	80	index	index	NOUN
cblr-8629	262	81	funds	fund	NOUN
cblr-8629	262	82	—	—	PUNCT
cblr-8629	262	83	agreed	agree	VERB
cblr-8629	262	84	,	,	PUNCT
cblr-8629	262	85	on	on	ADP
cblr-8629	262	86	a	a	DET
cblr-8629	262	87	prospective	prospective	ADJ
cblr-8629	262	88	basis	basis	NOUN
cblr-8629	262	89	,	,	PUNCT
cblr-8629	262	90	to	to	PART
cblr-8629	262	91	exclude	exclude	VERB
cblr-8629	262	92	companies	company	NOUN
cblr-8629	262	93	with	with	ADP
cblr-8629	262	94	multi	multi	ADJ
cblr-8629	262	95	-	-	ADJ
cblr-8629	262	96	class	class	ADJ
cblr-8629	262	97	voting	voting	NOUN
cblr-8629	262	98	structures.66	structures.66	NOUN
cblr-8629	262	99	as	as	SCONJ
cblr-8629	262	100	scott	scott	PROPN
cblr-8629	262	101	hirst	hirst	PROPN
cblr-8629	262	102	and	and	CCONJ
cblr-8629	262	103	kobi	kobi	PROPN
cblr-8629	262	104	kastiel	kastiel	PROPN
cblr-8629	262	105	explain	explain	VERB
cblr-8629	262	106	,	,	PUNCT
cblr-8629	262	107	governance	governance	NOUN
cblr-8629	262	108	by	by	ADP
cblr-8629	262	109	exclusion	exclusion	NOUN
cblr-8629	262	110	is	be	AUX
cblr-8629	262	111	problematic	problematic	ADJ
cblr-8629	262	112	for	for	ADP
cblr-8629	262	113	broad	broad	ADV
cblr-8629	262	114	-	-	PUNCT
cblr-8629	262	115	based	base	VERB
cblr-8629	262	116	index	index	NOUN
cblr-8629	262	117	funds.67	funds.67	NOUN
cblr-8629	262	118	the	the	DET
cblr-8629	262	119	exclusion	exclusion	NOUN
cblr-8629	262	120	of	of	ADP
cblr-8629	262	121	dual	dual	ADJ
cblr-8629	262	122	class	class	NOUN
cblr-8629	262	123	companies	company	NOUN
cblr-8629	262	124	can	can	AUX
cblr-8629	262	125	substantially	substantially	ADV
cblr-8629	262	126	affect	affect	VERB
cblr-8629	262	127	the	the	DET
cblr-8629	262	128	composition	composition	NOUN
cblr-8629	262	129	of	of	ADP
cblr-8629	262	130	such	such	DET
cblr-8629	262	131	a	a	DET
cblr-8629	262	132	fund	fund	NOUN
cblr-8629	262	133	as	as	ADV
cblr-8629	262	134	well	well	ADV
cblr-8629	262	135	as	as	ADP
cblr-8629	262	136	its	its	PRON
cblr-8629	262	137	performance.68	performance.68	ADJ
cblr-8629	262	138	governance	governance	NOUN
cblr-8629	262	139	by	by	ADP
cblr-8629	262	140	exclusion	exclusion	NOUN
cblr-8629	262	141	imposes	impose	VERB
cblr-8629	262	142	unproven	unproven	ADJ
cblr-8629	262	143	assumptions	assumption	NOUN
cblr-8629	262	144	about	about	ADP
cblr-8629	262	145	the	the	DET
cblr-8629	262	146	economic	economic	ADJ
cblr-8629	262	147	impact	impact	NOUN
cblr-8629	262	148	of	of	ADP
cblr-8629	262	149	particular	particular	ADJ
cblr-8629	262	150	governance	governance	NOUN
cblr-8629	262	151	terms	term	NOUN
cblr-8629	262	152	on	on	ADP
cblr-8629	262	153	those	those	PRON
cblr-8629	262	154	who	who	PRON
cblr-8629	262	155	invest	invest	VERB
cblr-8629	262	156	in	in	ADP
cblr-8629	262	157	index	index	NOUN
cblr-8629	262	158	funds	fund	NOUN
cblr-8629	262	159	.	.	PUNCT
cblr-8629	263	1	in	in	ADP
cblr-8629	263	2	addition	addition	NOUN
cblr-8629	263	3	,	,	PUNCT
cblr-8629	263	4	index	index	NOUN
cblr-8629	263	5	fund	fund	NOUN
cblr-8629	263	6	investors	investor	NOUN
cblr-8629	263	7	who	who	PRON
cblr-8629	263	8	are	be	AUX
cblr-8629	263	9	seeking	seek	VERB
cblr-8629	263	10	to	to	PART
cblr-8629	263	11	invest	invest	VERB
cblr-8629	263	12	in	in	ADP
cblr-8629	263	13	the	the	DET
cblr-8629	263	14	overall	overall	ADJ
cblr-8629	263	15	market	market	NOUN
cblr-8629	263	16	may	may	AUX
cblr-8629	263	17	not	not	PART
cblr-8629	263	18	even	even	ADV
cblr-8629	263	19	understand	understand	VERB
cblr-8629	263	20	that	that	SCONJ
cblr-8629	263	21	,	,	PUNCT
cblr-8629	263	22	as	as	ADP
cblr-8629	263	23	a	a	DET
cblr-8629	263	24	result	result	NOUN
cblr-8629	263	25	of	of	ADP
cblr-8629	263	26	a	a	DET
cblr-8629	263	27	decision	decision	NOUN
cblr-8629	263	28	by	by	ADP
cblr-8629	263	29	the	the	DET
cblr-8629	263	30	index	index	NOUN
cblr-8629	263	31	provider	provider	NOUN
cblr-8629	263	32	,	,	PUNCT
cblr-8629	263	33	their	their	PRON
cblr-8629	263	34	portfolio	portfolio	NOUN
cblr-8629	263	35	does	do	AUX
cblr-8629	263	36	not	not	PART
cblr-8629	263	37	contain	contain	VERB
cblr-8629	263	38	exposure	exposure	NOUN
cblr-8629	263	39	to	to	ADP
cblr-8629	263	40	an	an	DET
cblr-8629	263	41	important	important	ADJ
cblr-8629	263	42	segment	segment	NOUN
cblr-8629	263	43	of	of	ADP
cblr-8629	263	44	the	the	DET
cblr-8629	263	45	market.69	market.69	NOUN
cblr-8629	263	46	on	on	ADP
cblr-8629	263	47	these	these	DET
cblr-8629	263	48	bases	basis	NOUN
cblr-8629	263	49	,	,	PUNCT
cblr-8629	263	50	blackrock	blackrock	NOUN
cblr-8629	263	51	opposed	oppose	VERB
cblr-8629	263	52	the	the	DET
cblr-8629	263	53	revision	revision	NOUN
cblr-8629	263	54	of	of	ADP
cblr-8629	263	55	the	the	DET
cblr-8629	263	56	indexes	index	NOUN
cblr-8629	263	57	,	,	PUNCT
cblr-8629	263	58	instead	instead	ADV
cblr-8629	263	59	arguing	argue	VERB
cblr-8629	263	60	that	that	SCONJ
cblr-8629	263	61	its	its	PRON
cblr-8629	263	62	index	index	NOUN
cblr-8629	263	63	funds	fund	NOUN
cblr-8629	263	64	should	should	AUX
cblr-8629	263	65	still	still	ADV
cblr-8629	263	66	be	be	AUX
cblr-8629	263	67	permitted	permit	VERB
cblr-8629	263	68	to	to	PART
cblr-8629	263	69	invest	invest	VERB
cblr-8629	263	70	in	in	ADP
cblr-8629	263	71	these	these	DET
cblr-8629	263	72	companies	company	NOUN
cblr-8629	263	73	but	but	CCONJ
cblr-8629	263	74	that	that	SCONJ
cblr-8629	263	75	the	the	DET
cblr-8629	263	76	companies	company	NOUN
cblr-8629	263	77	themselves	themselves	PRON
cblr-8629	263	78	should	should	AUX
cblr-8629	263	79	eliminate	eliminate	VERB
cblr-8629	263	80	dual	dual	ADJ
cblr-8629	263	81	class	class	NOUN
cblr-8629	263	82	structures.70	structures.70	NOUN
cblr-8629	263	83	https://www.pionline.com/article/20190401/print/190409984/investorsintensify-fight-against-dual-class-shares	https://www.pionline.com/article/20190401/print/190409984/investorsintensify-fight-against-dual-class-share	VERB
cblr-8629	263	84	[	[	X
cblr-8629	263	85	https://perma.cc/v3pv-9fxz	https://perma.cc/v3pv-9fxz	PROPN
cblr-8629	263	86	]	]	X
cblr-8629	263	87	.	.	PUNCT
cblr-8629	264	1	65	65	NUM
cblr-8629	264	2	see	see	VERB
cblr-8629	264	3	scott	scott	PROPN
cblr-8629	264	4	hirst	hirst	PROPN
cblr-8629	264	5	&	&	CCONJ
cblr-8629	264	6	kobi	kobi	PROPN
cblr-8629	264	7	kastiel	kastiel	PROPN
cblr-8629	264	8	,	,	PUNCT
cblr-8629	264	9	corporate	corporate	ADJ
cblr-8629	264	10	governance	governance	NOUN
cblr-8629	264	11	by	by	ADP
cblr-8629	264	12	index	index	NOUN
cblr-8629	264	13	exclusion	exclusion	NOUN
cblr-8629	264	14	,	,	PUNCT
cblr-8629	264	15	99	99	NUM
cblr-8629	264	16	b.u	b.u	PROPN
cblr-8629	264	17	.	.	PROPN
cblr-8629	264	18	l.	l.	PROPN
cblr-8629	264	19	rev	rev	PROPN
cblr-8629	264	20	.	.	PROPN
cblr-8629	264	21	1229	1229	NUM
cblr-8629	264	22	,	,	PUNCT
cblr-8629	264	23	1231–33	1231–33	NUM
cblr-8629	264	24	,	,	PUNCT
cblr-8629	264	25	1246–47(2019	1246–47(2019	NUM
cblr-8629	264	26	)	)	PUNCT
cblr-8629	264	27	.	.	PUNCT
cblr-8629	265	1	66	66	NUM
cblr-8629	266	1	i	i	PRON
cblr-8629	266	2	d.	d.	PROPN
cblr-8629	266	3	at	at	ADP
cblr-8629	266	4	1232	1232	NUM
cblr-8629	266	5	.	.	PUNCT
cblr-8629	267	1	67	67	NUM
cblr-8629	267	2	see	see	VERB
cblr-8629	267	3	i	i	PRON
cblr-8629	267	4	d.	d.	PROPN
cblr-8629	267	5	at	at	ADP
cblr-8629	267	6	1234	1234	NUM
cblr-8629	267	7	.	.	PUNCT
cblr-8629	268	1	68	68	NUM
cblr-8629	268	2	see	see	VERB
cblr-8629	268	3	i	i	PRON
cblr-8629	268	4	d.	d.	PROPN
cblr-8629	268	5	at	at	ADP
cblr-8629	268	6	1246–47	1246–47	NUM
cblr-8629	268	7	.	.	PUNCT
cblr-8629	269	1	69	69	NUM
cblr-8629	269	2	for	for	ADP
cblr-8629	269	3	example	example	NOUN
cblr-8629	269	4	,	,	PUNCT
cblr-8629	269	5	a	a	DET
cblr-8629	269	6	dual	dual	ADJ
cblr-8629	269	7	class	class	NOUN
cblr-8629	269	8	exclusion	exclusion	NOUN
cblr-8629	269	9	would	would	AUX
cblr-8629	269	10	include	include	VERB
cblr-8629	269	11	companies	company	NOUN
cblr-8629	269	12	such	such	ADJ
cblr-8629	269	13	as	as	ADP
cblr-8629	269	14	google	google	NOUN
cblr-8629	269	15	,	,	PUNCT
cblr-8629	269	16	facebook	facebook	NOUN
cblr-8629	269	17	,	,	PUNCT
cblr-8629	269	18	and	and	CCONJ
cblr-8629	269	19	pinterest	pinter	ADJ
cblr-8629	269	20	.	.	PUNCT
cblr-8629	270	1	see	see	VERB
cblr-8629	270	2	kosmas	kosmas	PROPN
cblr-8629	270	3	papadopoulos	papadopoulos	PROPN
cblr-8629	270	4	,	,	PUNCT
cblr-8629	270	5	dual	dual	ADJ
cblr-8629	270	6	-	-	PUNCT
cblr-8629	270	7	class	class	NOUN
cblr-8629	270	8	shares	share	NOUN
cblr-8629	270	9	:	:	PUNCT
cblr-8629	270	10	governance	governance	NOUN
cblr-8629	270	11	risks	risk	NOUN
cblr-8629	270	12	and	and	CCONJ
cblr-8629	270	13	company	company	NOUN
cblr-8629	270	14	performance	performance	NOUN
cblr-8629	270	15	,	,	PUNCT
cblr-8629	270	16	harv	harv	PROPN
cblr-8629	270	17	.	.	PUNCT
cblr-8629	271	1	l.	l.	PROPN
cblr-8629	271	2	sch	sch	PROPN
cblr-8629	271	3	.	.	PUNCT
cblr-8629	272	1	f.	f.	PROPN
cblr-8629	272	2	on	on	ADP
cblr-8629	272	3	corp	corp	PROPN
cblr-8629	272	4	.	.	PROPN
cblr-8629	272	5	governance	governance	PROPN
cblr-8629	272	6	&	&	CCONJ
cblr-8629	272	7	fin	fin	PROPN
cblr-8629	272	8	.	.	PUNCT
cblr-8629	273	1	regul	regul	NOUN
cblr-8629	273	2	.	.	PUNCT
cblr-8629	274	1	(	(	PUNCT
cblr-8629	274	2	june	june	PROPN
cblr-8629	274	3	28	28	NUM
cblr-8629	274	4	,	,	PUNCT
cblr-8629	274	5	2019	2019	NUM
cblr-8629	274	6	)	)	PUNCT
cblr-8629	274	7	,	,	PUNCT
cblr-8629	274	8	https://corpgov.law.harvard.edu/2019/06/28/dual-class-shares-governancerisks-and-company-performance/	https://corpgov.law.harvard.edu/2019/06/28/dual-class-shares-governancerisks-and-company-performance/	NOUN
cblr-8629	274	9	(	(	PUNCT
cblr-8629	274	10	observing	observe	VERB
cblr-8629	274	11	that	that	SCONJ
cblr-8629	274	12	google	google	NOUN
cblr-8629	274	13	,	,	PUNCT
cblr-8629	274	14	facebook	facebook	NOUN
cblr-8629	274	15	,	,	PUNCT
cblr-8629	274	16	and	and	CCONJ
cblr-8629	274	17	pinterest	pinter	ADJ
cblr-8629	274	18	are	be	AUX
cblr-8629	274	19	among	among	ADP
cblr-8629	274	20	the	the	DET
cblr-8629	274	21	companies	company	NOUN
cblr-8629	274	22	with	with	ADP
cblr-8629	274	23	dual	dual	ADJ
cblr-8629	274	24	class	class	NOUN
cblr-8629	274	25	voting	voting	NOUN
cblr-8629	274	26	structures	structure	NOUN
cblr-8629	274	27	)	)	PUNCT
cblr-8629	274	28	.	.	PUNCT
cblr-8629	275	1	70	70	NUM
cblr-8629	275	2	see	see	VERB
cblr-8629	275	3	chiu	chiu	PROPN
cblr-8629	275	4	,	,	PUNCT
cblr-8629	275	5	supra	supra	PROPN
cblr-8629	275	6	note	note	PROPN
cblr-8629	275	7	62	62	NUM
cblr-8629	275	8	.	.	PUNCT
cblr-8629	276	1	ahn	ahn	PROPN
cblr-8629	276	2	et	et	PROPN
cblr-8629	276	3	al	al	PROPN
cblr-8629	276	4	.	.	PROPN
cblr-8629	277	1	8/20/2021	8/20/2021	NUM
cblr-8629	277	2	6:14	6:14	NUM
cblr-8629	277	3	pm	pm	PROPN
cblr-8629	277	4	494	494	NUM
cblr-8629	277	5	columbia	columbia	PROPN
cblr-8629	277	6	business	business	NOUN
cblr-8629	277	7	law	law	PROPN
cblr-8629	277	8	review	review	NOUN
cblr-8629	277	9	[	[	X
cblr-8629	277	10	vol	vol	NOUN
cblr-8629	277	11	.	.	PUNCT
cblr-8629	277	12	2021	2021	NUM
cblr-8629	277	13	the	the	DET
cblr-8629	277	14	challenge	challenge	NOUN
cblr-8629	277	15	of	of	ADP
cblr-8629	277	16	disciplining	discipline	VERB
cblr-8629	277	17	governance	governance	NOUN
cblr-8629	277	18	through	through	ADP
cblr-8629	277	19	index	index	NOUN
cblr-8629	277	20	investing	investing	NOUN
cblr-8629	277	21	results	result	NOUN
cblr-8629	277	22	from	from	ADP
cblr-8629	277	23	limitations	limitation	NOUN
cblr-8629	277	24	in	in	ADP
cblr-8629	277	25	the	the	DET
cblr-8629	277	26	scope	scope	NOUN
cblr-8629	277	27	of	of	ADP
cblr-8629	277	28	index	index	NOUN
cblr-8629	277	29	funds	fund	NOUN
cblr-8629	277	30	themselves	themselves	PRON
cblr-8629	277	31	.	.	PUNCT
cblr-8629	278	1	as	as	SCONJ
cblr-8629	278	2	noted	note	VERB
cblr-8629	278	3	above	above	ADV
cblr-8629	278	4	,	,	PUNCT
cblr-8629	278	5	the	the	DET
cblr-8629	278	6	vast	vast	ADJ
cblr-8629	278	7	majority	majority	NOUN
cblr-8629	278	8	of	of	ADP
cblr-8629	278	9	funds	fund	NOUN
cblr-8629	278	10	track	track	VERB
cblr-8629	278	11	a	a	DET
cblr-8629	278	12	few	few	ADJ
cblr-8629	278	13	broad	broad	ADV
cblr-8629	278	14	-	-	PUNCT
cblr-8629	278	15	based	base	VERB
cblr-8629	278	16	indexes	index	NOUN
cblr-8629	278	17	such	such	ADJ
cblr-8629	278	18	as	as	ADP
cblr-8629	278	19	the	the	DET
cblr-8629	278	20	s&p	s&p	PROPN
cblr-8629	278	21	500.71	500.71	NUM
cblr-8629	278	22	index	index	NOUN
cblr-8629	278	23	exclusion	exclusion	NOUN
cblr-8629	278	24	,	,	PUNCT
cblr-8629	278	25	at	at	ADP
cblr-8629	278	26	least	least	ADJ
cblr-8629	278	27	in	in	ADP
cblr-8629	278	28	the	the	DET
cblr-8629	278	29	case	case	NOUN
cblr-8629	278	30	of	of	ADP
cblr-8629	278	31	dual	dual	ADJ
cblr-8629	278	32	class	class	NOUN
cblr-8629	278	33	stock	stock	NOUN
cblr-8629	278	34	,	,	PUNCT
cblr-8629	278	35	focuses	focus	VERB
cblr-8629	278	36	on	on	ADP
cblr-8629	278	37	whether	whether	SCONJ
cblr-8629	278	38	to	to	PART
cblr-8629	278	39	exclude	exclude	VERB
cblr-8629	278	40	companies	company	NOUN
cblr-8629	278	41	with	with	ADP
cblr-8629	278	42	a	a	DET
cblr-8629	278	43	particular	particular	ADJ
cblr-8629	278	44	governance	governance	NOUN
cblr-8629	278	45	feature	feature	NOUN
cblr-8629	278	46	from	from	ADP
cblr-8629	278	47	those	those	DET
cblr-8629	278	48	standard	standard	ADJ
cblr-8629	278	49	indexes	index	NOUN
cblr-8629	278	50	.	.	PUNCT
cblr-8629	279	1	while	while	SCONJ
cblr-8629	279	2	most	most	ADJ
cblr-8629	279	3	mutual	mutual	ADJ
cblr-8629	279	4	fund	fund	NOUN
cblr-8629	279	5	assets	asset	NOUN
cblr-8629	279	6	are	be	AUX
cblr-8629	279	7	concentrated	concentrate	VERB
cblr-8629	279	8	in	in	ADP
cblr-8629	279	9	funds	fund	NOUN
cblr-8629	279	10	based	base	VERB
cblr-8629	279	11	on	on	ADP
cblr-8629	279	12	large	large	ADJ
cblr-8629	279	13	,	,	PUNCT
cblr-8629	279	14	well	well	ADV
cblr-8629	279	15	-	-	PUNCT
cblr-8629	279	16	known	know	VERB
cblr-8629	279	17	indexes	index	NOUN
cblr-8629	279	18	,	,	PUNCT
cblr-8629	279	19	there	there	PRON
cblr-8629	279	20	are	be	VERB
cblr-8629	279	21	a	a	DET
cblr-8629	279	22	number	number	NOUN
cblr-8629	279	23	of	of	ADP
cblr-8629	279	24	bespoke	bespoke	NOUN
cblr-8629	279	25	indexes	index	NOUN
cblr-8629	279	26	created	create	VERB
cblr-8629	279	27	at	at	ADP
cblr-8629	279	28	the	the	DET
cblr-8629	279	29	behest	behest	NOUN
cblr-8629	279	30	of	of	ADP
cblr-8629	279	31	particular	particular	ADJ
cblr-8629	279	32	asset	asset	NOUN
cblr-8629	279	33	managers	manager	NOUN
cblr-8629	279	34	to	to	PART
cblr-8629	279	35	facilitate	facilitate	VERB
cblr-8629	279	36	specific	specific	ADJ
cblr-8629	279	37	investment	investment	NOUN
cblr-8629	279	38	strategies	strategy	NOUN
cblr-8629	279	39	.	.	PUNCT
cblr-8629	280	1	in	in	ADP
cblr-8629	280	2	her	her	PRON
cblr-8629	280	3	pathbreaking	pathbreake	VERB
cblr-8629	280	4	taxonomy	taxonomy	NOUN
cblr-8629	280	5	of	of	ADP
cblr-8629	280	6	index	index	NOUN
cblr-8629	280	7	funds	fund	NOUN
cblr-8629	280	8	,	,	PUNCT
cblr-8629	280	9	adriana	adriana	PROPN
cblr-8629	280	10	robertson	robertson	PROPN
cblr-8629	280	11	found	find	VERB
cblr-8629	280	12	that	that	SCONJ
cblr-8629	280	13	the	the	DET
cblr-8629	280	14	median	median	ADJ
cblr-8629	280	15	index	index	NOUN
cblr-8629	280	16	was	be	AUX
cblr-8629	280	17	tracked	track	VERB
cblr-8629	280	18	by	by	ADP
cblr-8629	280	19	only	only	ADV
cblr-8629	280	20	a	a	DET
cblr-8629	280	21	single	single	ADJ
cblr-8629	280	22	fund.72	fund.72	NOUN
cblr-8629	280	23	moreover	moreover	ADV
cblr-8629	280	24	,	,	PUNCT
cblr-8629	280	25	she	she	PRON
cblr-8629	280	26	found	find	VERB
cblr-8629	280	27	a	a	DET
cblr-8629	280	28	total	total	NOUN
cblr-8629	280	29	of	of	ADP
cblr-8629	280	30	193	193	NUM
cblr-8629	280	31	different	different	ADJ
cblr-8629	280	32	indexes	index	NOUN
cblr-8629	280	33	that	that	PRON
cblr-8629	280	34	were	be	AUX
cblr-8629	280	35	associated	associate	VERB
cblr-8629	280	36	with	with	ADP
cblr-8629	280	37	assets	asset	NOUN
cblr-8629	280	38	exceeding	exceed	VERB
cblr-8629	280	39	$	$	SYM
cblr-8629	280	40	1	1	NUM
cblr-8629	280	41	billion.73	billion.73	NOUN
cblr-8629	280	42	in	in	ADP
cblr-8629	280	43	contrast	contrast	NOUN
cblr-8629	280	44	to	to	ADP
cblr-8629	280	45	the	the	DET
cblr-8629	280	46	broad	broad	ADV
cblr-8629	280	47	-	-	PUNCT
cblr-8629	280	48	based	base	VERB
cblr-8629	280	49	indexes	index	NOUN
cblr-8629	280	50	,	,	PUNCT
cblr-8629	280	51	bespoke	bespoke	NOUN
cblr-8629	280	52	indexes	index	NOUN
cblr-8629	280	53	are	be	AUX
cblr-8629	280	54	highly	highly	ADV
cblr-8629	280	55	divergent	divergent	ADJ
cblr-8629	280	56	.	.	PUNCT
cblr-8629	281	1	index	index	NOUN
cblr-8629	281	2	funds	fund	NOUN
cblr-8629	281	3	can	can	AUX
cblr-8629	281	4	be	be	AUX
cblr-8629	281	5	used	use	VERB
cblr-8629	281	6	to	to	PART
cblr-8629	281	7	invest	invest	VERB
cblr-8629	281	8	in	in	ADP
cblr-8629	281	9	a	a	DET
cblr-8629	281	10	specific	specific	ADJ
cblr-8629	281	11	industry	industry	NOUN
cblr-8629	281	12	,	,	PUNCT
cblr-8629	281	13	to	to	PART
cblr-8629	281	14	limit	limit	VERB
cblr-8629	281	15	investments	investment	NOUN
cblr-8629	281	16	according	accord	VERB
cblr-8629	281	17	to	to	ADP
cblr-8629	281	18	environmental	environmental	ADJ
cblr-8629	281	19	criteria	criterion	NOUN
cblr-8629	281	20	,	,	PUNCT
cblr-8629	281	21	or	or	CCONJ
cblr-8629	281	22	to	to	PART
cblr-8629	281	23	reflect	reflect	VERB
cblr-8629	281	24	the	the	DET
cblr-8629	281	25	investing	investing	NOUN
cblr-8629	281	26	style	style	NOUN
cblr-8629	281	27	of	of	ADP
cblr-8629	281	28	t.	t.	PROPN
cblr-8629	281	29	boone	boone	PROPN
cblr-8629	281	30	pickens.74	pickens.74	PROPN
cblr-8629	281	31	although	although	SCONJ
cblr-8629	281	32	environmental	environmental	ADJ
cblr-8629	281	33	,	,	PUNCT
cblr-8629	281	34	social	social	ADJ
cblr-8629	281	35	,	,	PUNCT
cblr-8629	281	36	and	and	CCONJ
cblr-8629	281	37	governance	governance	NOUN
cblr-8629	281	38	(	(	PUNCT
cblr-8629	281	39	esg	esg	NOUN
cblr-8629	281	40	)	)	PUNCT
cblr-8629	281	41	investing	investing	NOUN
cblr-8629	281	42	differs	differ	VERB
cblr-8629	281	43	to	to	ADP
cblr-8629	281	44	a	a	DET
cblr-8629	281	45	degree	degree	NOUN
cblr-8629	281	46	from	from	ADP
cblr-8629	281	47	a	a	DET
cblr-8629	281	48	governance	governance	NOUN
cblr-8629	281	49	-	-	PUNCT
cblr-8629	281	50	based	base	VERB
cblr-8629	281	51	investing	investing	NOUN
cblr-8629	281	52	strategy	strategy	NOUN
cblr-8629	281	53	,	,	PUNCT
cblr-8629	281	54	the	the	DET
cblr-8629	281	55	rise	rise	NOUN
cblr-8629	281	56	of	of	ADP
cblr-8629	281	57	esg	esg	PROPN
cblr-8629	281	58	index	index	NOUN
cblr-8629	281	59	funds	fund	NOUN
cblr-8629	281	60	provides	provide	VERB
cblr-8629	281	61	an	an	DET
cblr-8629	281	62	illustration	illustration	NOUN
cblr-8629	281	63	of	of	ADP
cblr-8629	281	64	the	the	DET
cblr-8629	281	65	practicality	practicality	NOUN
cblr-8629	281	66	of	of	ADP
cblr-8629	281	67	the	the	DET
cblr-8629	281	68	indexbased	indexbase	VERB
cblr-8629	281	69	concept	concept	NOUN
cblr-8629	281	70	.	.	PUNCT
cblr-8629	282	1	esg	esg	PROPN
cblr-8629	282	2	-	-	PUNCT
cblr-8629	282	3	based	base	VERB
cblr-8629	282	4	investing	investing	NOUN
cblr-8629	282	5	is	be	AUX
cblr-8629	282	6	one	one	NUM
cblr-8629	282	7	of	of	ADP
cblr-8629	282	8	fastest	fast	ADV
cblr-8629	282	9	-	-	PUNCT
cblr-8629	282	10	growing	grow	VERB
cblr-8629	282	11	investment	investment	NOUN
cblr-8629	282	12	categories.75	categories.75	VERB
cblr-8629	282	13	large	large	ADJ
cblr-8629	282	14	asset	asset	NOUN
cblr-8629	282	15	managers	manager	NOUN
cblr-8629	282	16	are	be	AUX
cblr-8629	282	17	offering	offer	VERB
cblr-8629	282	18	investors	investor	NOUN
cblr-8629	282	19	an	an	DET
cblr-8629	282	20	increasing	increase	VERB
cblr-8629	282	21	number	number	NOUN
cblr-8629	282	22	of	of	ADP
cblr-8629	282	23	index	index	NOUN
cblr-8629	282	24	fund	fund	NOUN
cblr-8629	282	25	products	product	NOUN
cblr-8629	282	26	that	that	PRON
cblr-8629	282	27	track	track	VERB
cblr-8629	282	28	various	various	ADJ
cblr-8629	282	29	esg	esg	NOUN
cblr-8629	282	30	indexes	index	NOUN
cblr-8629	282	31	such	such	ADJ
cblr-8629	282	32	as	as	ADP
cblr-8629	282	33	the	the	DET
cblr-8629	282	34	msci	msci	PROPN
cblr-8629	282	35	esg	esg	PROPN
cblr-8629	282	36	indexes	index	NOUN
cblr-8629	282	37	or	or	CCONJ
cblr-8629	282	38	the	the	DET
cblr-8629	282	39	dow	dow	PROPN
cblr-8629	282	40	jones	jones	PROPN
cblr-8629	282	41	sustainability	sustainability	NOUN
cblr-8629	282	42	indexes	index	NOUN
cblr-8629	282	43	,	,	PUNCT
cblr-8629	282	44	or	or	CCONJ
cblr-8629	282	45	that	that	PRON
cblr-8629	282	46	are	be	AUX
cblr-8629	282	47	based	base	VERB
cblr-8629	282	48	on	on	ADP
cblr-8629	282	49	indexes	index	NOUN
cblr-8629	282	50	constructed	construct	VERB
cblr-8629	282	51	from	from	ADP
cblr-8629	282	52	esg	esg	PROPN
cblr-8629	282	53	ratings	rating	NOUN
cblr-8629	282	54	such	such	ADJ
cblr-8629	282	55	as	as	SCONJ
cblr-8629	282	56	71	71	NUM
cblr-8629	282	57	more	more	ADJ
cblr-8629	282	58	than	than	ADP
cblr-8629	282	59	twice	twice	ADV
cblr-8629	282	60	as	as	ADV
cblr-8629	282	61	many	many	ADJ
cblr-8629	282	62	index	index	NOUN
cblr-8629	282	63	funds	fund	NOUN
cblr-8629	282	64	track	track	VERB
cblr-8629	282	65	the	the	DET
cblr-8629	282	66	s&p	s&p	PROPN
cblr-8629	282	67	500	500	NUM
cblr-8629	282	68	as	as	SCONJ
cblr-8629	282	69	track	track	VERB
cblr-8629	282	70	any	any	DET
cblr-8629	282	71	other	other	ADJ
cblr-8629	282	72	index	index	NOUN
cblr-8629	282	73	.	.	PUNCT
cblr-8629	283	1	see	see	VERB
cblr-8629	283	2	robertson	robertson	PROPN
cblr-8629	283	3	,	,	PUNCT
cblr-8629	283	4	supra	supra	PROPN
cblr-8629	283	5	note	note	PROPN
cblr-8629	283	6	9	9	NUM
cblr-8629	283	7	,	,	PUNCT
cblr-8629	283	8	at	at	ADP
cblr-8629	283	9	816	816	NUM
cblr-8629	283	10	tbl.4	tbl.4	NUM
cblr-8629	283	11	.	.	PUNCT
cblr-8629	284	1	72	72	NUM
cblr-8629	285	1	i	i	PRON
cblr-8629	285	2	d.	d.	PROPN
cblr-8629	285	3	at	at	ADP
cblr-8629	285	4	813	813	NUM
cblr-8629	285	5	.	.	PUNCT
cblr-8629	286	1	73	73	NUM
cblr-8629	287	1	i	i	PRON
cblr-8629	287	2	d.	d.	PROPN
cblr-8629	287	3	at	at	ADP
cblr-8629	287	4	814	814	NUM
cblr-8629	287	5	.	.	PUNCT
cblr-8629	288	1	74	74	NUM
cblr-8629	288	2	see	see	VERB
cblr-8629	288	3	fisch	fisch	PROPN
cblr-8629	288	4	et	et	PROPN
cblr-8629	288	5	al	al	PROPN
cblr-8629	288	6	.	.	PROPN
cblr-8629	288	7	,	,	PUNCT
cblr-8629	288	8	supra	supra	PROPN
cblr-8629	288	9	note	note	PROPN
cblr-8629	288	10	7	7	NUM
cblr-8629	288	11	,	,	PUNCT
cblr-8629	288	12	at	at	ADP
cblr-8629	288	13	30	30	NUM
cblr-8629	288	14	n.65	n.65	ADP
cblr-8629	288	15	(	(	PUNCT
cblr-8629	288	16	describing	describe	VERB
cblr-8629	288	17	the	the	DET
cblr-8629	288	18	boon	boon	NOUN
cblr-8629	288	19	etf	etf	NOUN
cblr-8629	288	20	as	as	ADP
cblr-8629	288	21	pursuing	pursue	VERB
cblr-8629	288	22	the	the	DET
cblr-8629	288	23	latter	latter	ADJ
cblr-8629	288	24	strategy	strategy	NOUN
cblr-8629	288	25	)	)	PUNCT
cblr-8629	288	26	.	.	PUNCT
cblr-8629	289	1	75	75	NUM
cblr-8629	289	2	see	see	VERB
cblr-8629	289	3	,	,	PUNCT
cblr-8629	289	4	e.g.	e.g.	ADV
cblr-8629	289	5	,	,	PUNCT
cblr-8629	289	6	greg	greg	PROPN
cblr-8629	289	7	iacurci	iacurci	PROPN
cblr-8629	289	8	,	,	PUNCT
cblr-8629	289	9	money	money	NOUN
cblr-8629	289	10	moving	move	VERB
cblr-8629	289	11	into	into	ADP
cblr-8629	289	12	environmental	environmental	ADJ
cblr-8629	289	13	funds	fund	NOUN
cblr-8629	289	14	shatters	shatter	VERB
cblr-8629	289	15	previous	previous	ADJ
cblr-8629	289	16	record	record	NOUN
cblr-8629	289	17	,	,	PUNCT
cblr-8629	289	18	cnbc	cnbc	PROPN
cblr-8629	289	19	(	(	PUNCT
cblr-8629	289	20	jan	jan	PROPN
cblr-8629	289	21	.	.	PROPN
cblr-8629	289	22	14	14	NUM
cblr-8629	289	23	,	,	PUNCT
cblr-8629	289	24	2020	2020	NUM
cblr-8629	289	25	,	,	PUNCT
cblr-8629	289	26	10:54	10:54	NUM
cblr-8629	289	27	am	am	NOUN
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cblr-8629	289	29	,	,	PUNCT
cblr-8629	289	30	https://www.cnbc.com/2020/01/14/esg-funds-see-record-inflows-in2019.html	https://www.cnbc.com/2020/01/14/esg-funds-see-record-inflows-in2019.html	PRON
cblr-8629	289	31	[	[	X
cblr-8629	289	32	https://perma.cc/vuu7-nec5	https://perma.cc/vuu7-nec5	NOUN
cblr-8629	289	33	]	]	PUNCT
cblr-8629	289	34	(	(	PUNCT
cblr-8629	289	35	describing	describe	VERB
cblr-8629	289	36	record	record	NOUN
cblr-8629	289	37	inflows	inflow	NOUN
cblr-8629	289	38	into	into	ADP
cblr-8629	289	39	esg	esg	PROPN
cblr-8629	289	40	mutual	mutual	ADJ
cblr-8629	289	41	funds	fund	NOUN
cblr-8629	289	42	in	in	ADP
cblr-8629	289	43	2019	2019	NUM
cblr-8629	289	44	)	)	PUNCT
cblr-8629	289	45	.	.	PUNCT
cblr-8629	290	1	ahn	ahn	PROPN
cblr-8629	290	2	et	et	PROPN
cblr-8629	290	3	al	al	PROPN
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cblr-8629	291	1	8/20/2021	8/20/2021	NUM
cblr-8629	291	2	6:14	6:14	NUM
cblr-8629	291	3	pm	pm	NOUN
cblr-8629	291	4	no	no	NOUN
cblr-8629	291	5	.	.	PUNCT
cblr-8629	292	1	2:476	2:476	NUM
cblr-8629	292	2	]	]	X
cblr-8629	292	3	synthetic	synthetic	ADJ
cblr-8629	292	4	governance	governance	NOUN
cblr-8629	292	5	495	495	NUM
cblr-8629	292	6	sustainalytics.76	sustainalytics.76	NOUN
cblr-8629	292	7	in	in	ADP
cblr-8629	292	8	each	each	DET
cblr-8629	292	9	case	case	NOUN
cblr-8629	292	10	,	,	PUNCT
cblr-8629	292	11	the	the	DET
cblr-8629	292	12	fund	fund	NOUN
cblr-8629	292	13	uses	use	VERB
cblr-8629	292	14	an	an	DET
cblr-8629	292	15	index	index	NOUN
cblr-8629	292	16	constructed	construct	VERB
cblr-8629	292	17	on	on	ADP
cblr-8629	292	18	the	the	DET
cblr-8629	292	19	basis	basis	NOUN
cblr-8629	292	20	of	of	ADP
cblr-8629	292	21	esg	esg	PROPN
cblr-8629	292	22	criteria	criterion	NOUN
cblr-8629	292	23	as	as	ADP
cblr-8629	292	24	the	the	DET
cblr-8629	292	25	basis	basis	NOUN
cblr-8629	292	26	for	for	ADP
cblr-8629	292	27	its	its	PRON
cblr-8629	292	28	investments	investment	NOUN
cblr-8629	292	29	.	.	PUNCT
cblr-8629	293	1	for	for	ADP
cblr-8629	293	2	example	example	NOUN
cblr-8629	293	3	,	,	PUNCT
cblr-8629	293	4	dow	dow	PROPN
cblr-8629	293	5	jones	jones	PROPN
cblr-8629	293	6	offers	offer	VERB
cblr-8629	293	7	an	an	DET
cblr-8629	293	8	s&p	s&p	PROPN
cblr-8629	293	9	500	500	NUM
cblr-8629	293	10	esg	esg	NOUN
cblr-8629	293	11	fund	fund	NOUN
cblr-8629	293	12	that	that	PRON
cblr-8629	293	13	excludes	exclude	VERB
cblr-8629	293	14	those	those	DET
cblr-8629	293	15	companies	company	NOUN
cblr-8629	293	16	in	in	ADP
cblr-8629	293	17	each	each	DET
cblr-8629	293	18	industry	industry	NOUN
cblr-8629	293	19	group	group	NOUN
cblr-8629	293	20	that	that	PRON
cblr-8629	293	21	have	have	VERB
cblr-8629	293	22	the	the	DET
cblr-8629	293	23	lowest	low	ADJ
cblr-8629	293	24	esg	esg	NOUN
cblr-8629	293	25	scores	score	NOUN
cblr-8629	293	26	based	base	VERB
cblr-8629	293	27	on	on	ADP
cblr-8629	293	28	the	the	DET
cblr-8629	293	29	s&p	s&p	PROPN
cblr-8629	293	30	dji	dji	PROPN
cblr-8629	293	31	esg	esg	NOUN
cblr-8629	293	32	ratings	rating	NOUN
cblr-8629	293	33	,	,	PUNCT
cblr-8629	293	34	as	as	ADV
cblr-8629	293	35	well	well	ADV
cblr-8629	293	36	as	as	ADP
cblr-8629	293	37	companies	company	NOUN
cblr-8629	293	38	that	that	PRON
cblr-8629	293	39	make	make	VERB
cblr-8629	293	40	tobacco	tobacco	NOUN
cblr-8629	293	41	or	or	CCONJ
cblr-8629	293	42	weapons	weapon	NOUN
cblr-8629	293	43	or	or	CCONJ
cblr-8629	293	44	that	that	PRON
cblr-8629	293	45	do	do	AUX
cblr-8629	293	46	not	not	PART
cblr-8629	293	47	comply	comply	VERB
cblr-8629	293	48	with	with	ADP
cblr-8629	293	49	the	the	DET
cblr-8629	293	50	united	united	PROPN
cblr-8629	293	51	nations	nations	PROPN
cblr-8629	293	52	global	global	PROPN
cblr-8629	293	53	compact.77	compact.77	ADJ
cblr-8629	293	54	investors	investor	NOUN
cblr-8629	293	55	can	can	AUX
cblr-8629	293	56	thus	thus	ADV
cblr-8629	293	57	use	use	VERB
cblr-8629	293	58	index	index	NOUN
cblr-8629	293	59	funds	fund	NOUN
cblr-8629	293	60	to	to	PART
cblr-8629	293	61	select	select	VERB
cblr-8629	293	62	or	or	CCONJ
cblr-8629	293	63	exclude	exclude	VERB
cblr-8629	293	64	portfolio	portfolio	NOUN
cblr-8629	293	65	companies	company	NOUN
cblr-8629	293	66	based	base	VERB
cblr-8629	293	67	on	on	ADP
cblr-8629	293	68	esg	esg	PROPN
cblr-8629	293	69	criteria	criterion	NOUN
cblr-8629	293	70	.	.	PUNCT
cblr-8629	294	1	in	in	ADP
cblr-8629	294	2	other	other	ADJ
cblr-8629	294	3	words	word	NOUN
cblr-8629	294	4	,	,	PUNCT
cblr-8629	294	5	esg	esg	PROPN
cblr-8629	294	6	can	can	AUX
cblr-8629	294	7	function	function	VERB
cblr-8629	294	8	as	as	ADP
cblr-8629	294	9	a	a	DET
cblr-8629	294	10	positive	positive	ADJ
cblr-8629	294	11	screen	screen	NOUN
cblr-8629	294	12	—	—	PUNCT
cblr-8629	294	13	marking	mark	VERB
cblr-8629	294	14	companies	company	NOUN
cblr-8629	294	15	that	that	PRON
cblr-8629	294	16	meet	meet	VERB
cblr-8629	294	17	designated	designate	VERB
cblr-8629	294	18	esg	esg	NOUN
cblr-8629	294	19	criteria	criterion	NOUN
cblr-8629	294	20	for	for	ADP
cblr-8629	294	21	inclusion	inclusion	NOUN
cblr-8629	294	22	in	in	ADP
cblr-8629	294	23	the	the	DET
cblr-8629	294	24	index	index	NOUN
cblr-8629	294	25	—	—	PUNCT
cblr-8629	294	26	or	or	CCONJ
cblr-8629	294	27	as	as	ADP
cblr-8629	294	28	a	a	DET
cblr-8629	294	29	negative	negative	ADJ
cblr-8629	294	30	screen	screen	NOUN
cblr-8629	294	31	—	—	PUNCT
cblr-8629	294	32	excluding	exclude	VERB
cblr-8629	294	33	companies	company	NOUN
cblr-8629	294	34	with	with	ADP
cblr-8629	294	35	certain	certain	ADJ
cblr-8629	294	36	characteristics	characteristic	NOUN
cblr-8629	294	37	from	from	ADP
cblr-8629	294	38	the	the	DET
cblr-8629	294	39	index	index	NOUN
cblr-8629	294	40	.	.	PUNCT
cblr-8629	295	1	as	as	SCONJ
cblr-8629	295	2	funds	fund	NOUN
cblr-8629	295	3	based	base	VERB
cblr-8629	295	4	on	on	ADP
cblr-8629	295	5	these	these	DET
cblr-8629	295	6	indexes	index	NOUN
cblr-8629	295	7	develop	develop	VERB
cblr-8629	295	8	a	a	DET
cblr-8629	295	9	track	track	NOUN
cblr-8629	295	10	record	record	NOUN
cblr-8629	295	11	,	,	PUNCT
cblr-8629	295	12	their	their	PRON
cblr-8629	295	13	performance	performance	NOUN
cblr-8629	295	14	will	will	AUX
cblr-8629	295	15	provide	provide	VERB
cblr-8629	295	16	valuable	valuable	ADJ
cblr-8629	295	17	information	information	NOUN
cblr-8629	295	18	on	on	ADP
cblr-8629	295	19	the	the	DET
cblr-8629	295	20	relationship	relationship	NOUN
cblr-8629	295	21	beween	beween	PROPN
cblr-8629	295	22	esg	esg	PROPN
cblr-8629	295	23	and	and	CCONJ
cblr-8629	295	24	economic	economic	ADJ
cblr-8629	295	25	performance	performance	NOUN
cblr-8629	295	26	.	.	PUNCT
cblr-8629	296	1	esg	esg	NOUN
cblr-8629	296	2	indexes	index	NOUN
cblr-8629	296	3	can	can	AUX
cblr-8629	296	4	implement	implement	VERB
cblr-8629	296	5	broadbased	broadbased	ADJ
cblr-8629	296	6	screens	screen	NOUN
cblr-8629	296	7	or	or	CCONJ
cblr-8629	296	8	hyper	hyper	ADJ
cblr-8629	296	9	-	-	ADJ
cblr-8629	296	10	specific	specific	ADJ
cblr-8629	296	11	ones	one	NOUN
cblr-8629	296	12	.	.	PUNCT
cblr-8629	297	1	the	the	DET
cblr-8629	297	2	spdr	spdr	PROPN
cblr-8629	297	3	ssga	ssga	ADJ
cblr-8629	297	4	gender	gender	NOUN
cblr-8629	297	5	diversity	diversity	NOUN
cblr-8629	297	6	index	index	NOUN
cblr-8629	297	7	ranks	rank	VERB
cblr-8629	297	8	companies	company	NOUN
cblr-8629	297	9	within	within	ADP
cblr-8629	297	10	each	each	DET
cblr-8629	297	11	sector	sector	NOUN
cblr-8629	297	12	by	by	ADP
cblr-8629	297	13	three	three	NUM
cblr-8629	297	14	gender	gender	NOUN
cblr-8629	297	15	diversity	diversity	NOUN
cblr-8629	297	16	ratios	ratio	NOUN
cblr-8629	297	17	and	and	CCONJ
cblr-8629	297	18	focuses	focus	VERB
cblr-8629	297	19	“	"	PUNCT
cblr-8629	297	20	on	on	ADP
cblr-8629	297	21	companies	company	NOUN
cblr-8629	297	22	with	with	ADP
cblr-8629	297	23	the	the	DET
cblr-8629	297	24	highest	high	ADJ
cblr-8629	297	25	levels	level	NOUN
cblr-8629	297	26	within	within	ADP
cblr-8629	297	27	their	their	PRON
cblr-8629	297	28	sectors	sector	NOUN
cblr-8629	297	29	of	of	ADP
cblr-8629	297	30	senior	senior	ADJ
cblr-8629	297	31	leadership	leadership	NOUN
cblr-8629	297	32	gender	gender	NOUN
cblr-8629	297	33	diversity	diversity	NOUN
cblr-8629	297	34	.	.	PUNCT
cblr-8629	298	1	”78	”78	ADV
cblr-8629	298	2	the	the	DET
cblr-8629	298	3	related	related	ADJ
cblr-8629	298	4	etf	etf	NOUN
cblr-8629	298	5	had	have	VERB
cblr-8629	298	6	$	$	SYM
cblr-8629	298	7	236.05	236.05	NUM
cblr-8629	298	8	million	million	NUM
cblr-8629	298	9	in	in	ADP
cblr-8629	298	10	assets	asset	NOUN
cblr-8629	298	11	76	76	NUM
cblr-8629	298	12	see	see	VERB
cblr-8629	298	13	,	,	PUNCT
cblr-8629	298	14	e.g.	e.g.	ADV
cblr-8629	298	15	,	,	PUNCT
cblr-8629	298	16	esg	esg	PROPN
cblr-8629	298	17	indices	indice	VERB
cblr-8629	298	18	passive	passive	ADJ
cblr-8629	298	19	funds	fund	NOUN
cblr-8629	298	20	,	,	PUNCT
cblr-8629	298	21	sustainalytics	sustainalytic	NOUN
cblr-8629	298	22	,	,	PUNCT
cblr-8629	298	23	https://www.sustainalytics.com/investor-solutions/index-researchservices/esg-index#:~:text=sustainalytics'%20esg%20research	https://www.sustainalytics.com/investor-solutions/index-researchservices/esg-index#:~:text=sustainalytics'%20esg%20research	NOUN
cblr-8629	298	24	%	%	NOUN
cblr-8629	298	25	20is%20used	20is%20used	NUM
cblr-8629	298	26	,	,	PUNCT
cblr-8629	298	27	esg%20indices%20and%20passive%20vehicles.&text	esg%20indices%20and%20passive%20vehicles.&text	PROPN
cblr-8629	298	28	=	=	SYM
cblr-8629	298	29	sus	sus	NOUN
cblr-8629	298	30	tainalytics%20will%20provide%20quarterly%20updates%20on%20the%20	tainalytics%20will%20provide%20quarterly%20updates%20on%20the%20	X
cblr-8629	298	31	state%20of%20the%20regulations	state%20of%20the%20regulation	NOUN
cblr-8629	299	1	[	[	X
cblr-8629	299	2	https://perma.cc/2pmg-ew7z	https://perma.cc/2pmg-ew7z	X
cblr-8629	299	3	]	]	X
cblr-8629	299	4	(	(	PUNCT
cblr-8629	299	5	last	last	ADJ
cblr-8629	299	6	visited	visit	VERB
cblr-8629	299	7	apr	apr	NOUN
cblr-8629	299	8	.	.	PROPN
cblr-8629	299	9	7	7	NUM
cblr-8629	299	10	,	,	PUNCT
cblr-8629	299	11	2021	2021	NUM
cblr-8629	299	12	)	)	PUNCT
cblr-8629	299	13	(	(	PUNCT
cblr-8629	299	14	listing	list	VERB
cblr-8629	299	15	funds	fund	NOUN
cblr-8629	299	16	using	use	VERB
cblr-8629	299	17	sustainalytics	sustainalytic	NOUN
cblr-8629	299	18	research	research	NOUN
cblr-8629	299	19	)	)	PUNCT
cblr-8629	299	20	;	;	PUNCT
cblr-8629	299	21	jess	jess	PROPN
cblr-8629	299	22	liu	liu	PROPN
cblr-8629	299	23	,	,	PUNCT
cblr-8629	299	24	morningstar	morningstar	PROPN
cblr-8629	299	25	’s	’s	PART
cblr-8629	299	26	quintessential	quintessential	ADJ
cblr-8629	299	27	list	list	NOUN
cblr-8629	299	28	of	of	ADP
cblr-8629	299	29	sustainable	sustainable	ADJ
cblr-8629	299	30	funds	fund	NOUN
cblr-8629	299	31	(	(	PUNCT
cblr-8629	299	32	apr	apr	NOUN
cblr-8629	299	33	.	.	PROPN
cblr-8629	299	34	20	20	NUM
cblr-8629	299	35	,	,	PUNCT
cblr-8629	299	36	2020	2020	NUM
cblr-8629	299	37	)	)	PUNCT
cblr-8629	299	38	(	(	PUNCT
cblr-8629	299	39	on	on	ADP
cblr-8629	299	40	file	file	NOUN
cblr-8629	299	41	with	with	ADP
cblr-8629	299	42	the	the	DET
cblr-8629	299	43	columbia	columbia	PROPN
cblr-8629	299	44	business	business	PROPN
cblr-8629	299	45	law	law	PROPN
cblr-8629	299	46	review	review	PROPN
cblr-8629	299	47	)	)	PUNCT
cblr-8629	299	48	,	,	PUNCT
cblr-8629	299	49	https://www	https://www	PROPN
cblr-8629	299	50	.	.	PUNCT
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cblr-8629	299	52	(	(	PUNCT
cblr-8629	299	53	describing	describe	VERB
cblr-8629	299	54	various	various	ADJ
cblr-8629	299	55	categories	category	NOUN
cblr-8629	299	56	of	of	ADP
cblr-8629	299	57	esg	esg	PROPN
cblr-8629	299	58	mutual	mutual	ADJ
cblr-8629	299	59	funds	fund	NOUN
cblr-8629	299	60	)	)	PUNCT
cblr-8629	299	61	.	.	PUNCT
cblr-8629	300	1	77	77	NUM
cblr-8629	300	2	reid	reid	PROPN
cblr-8629	300	3	steadman	steadman	PROPN
cblr-8629	300	4	&	&	CCONJ
cblr-8629	300	5	daniel	daniel	PROPN
cblr-8629	300	6	perrone	perrone	PROPN
cblr-8629	300	7	,	,	PUNCT
cblr-8629	300	8	s&p	s&p	PROPN
cblr-8629	300	9	glob	glob	NOUN
cblr-8629	300	10	.	.	PUNCT
cblr-8629	300	11	,	,	PUNCT
cblr-8629	300	12	the	the	DET
cblr-8629	300	13	s&p	s&p	PROPN
cblr-8629	300	14	500	500	NUM
cblr-8629	300	15	®	®	NOUN
cblr-8629	300	16	esg	esg	PROPN
cblr-8629	300	17	index	index	NOUN
cblr-8629	300	18	:	:	PUNCT
cblr-8629	300	19	integrating	integrate	VERB
cblr-8629	300	20	environmental	environmental	ADJ
cblr-8629	300	21	,	,	PUNCT
cblr-8629	300	22	social	social	ADJ
cblr-8629	300	23	,	,	PUNCT
cblr-8629	300	24	and	and	CCONJ
cblr-8629	300	25	governance	governance	NOUN
cblr-8629	300	26	values	value	NOUN
cblr-8629	300	27	into	into	ADP
cblr-8629	300	28	the	the	DET
cblr-8629	300	29	core	core	NOUN
cblr-8629	300	30	2–4	2–4	PROPN
cblr-8629	300	31	(	(	PUNCT
cblr-8629	300	32	2019	2019	NUM
cblr-8629	300	33	)	)	PUNCT
cblr-8629	300	34	,	,	PUNCT
cblr-8629	300	35	https://www.spglobal.com/_media/documents	https://www.spglobal.com/_media/documents	PROPN
cblr-8629	300	36	/the	/the	PROPN
cblr-8629	300	37	-	-	PUNCT
cblr-8629	300	38	sp-500	sp-500	PROPN
cblr-8629	300	39	-	-	PUNCT
cblr-8629	300	40	esg	esg	PROPN
cblr-8629	300	41	-	-	PUNCT
cblr-8629	300	42	index	index	NOUN
cblr-8629	300	43	-	-	PUNCT
cblr-8629	300	44	integrating	integrating	NOUN
cblr-8629	300	45	-	-	PUNCT
cblr-8629	300	46	esg	esg	NOUN
cblr-8629	300	47	-	-	PUNCT
cblr-8629	300	48	values	value	NOUN
cblr-8629	300	49	-	-	PUNCT
cblr-8629	300	50	into	into	ADP
cblr-8629	300	51	-	-	PUNCT
cblr-8629	300	52	the	the	DET
cblr-8629	300	53	-	-	PUNCT
cblr-8629	300	54	core.pdf	core.pdf	NOUN
cblr-8629	300	55	[	[	X
cblr-8629	300	56	https://perma.cc/wd9u-65w2	https://perma.cc/wd9u-65w2	X
cblr-8629	300	57	]	]	X
cblr-8629	300	58	.	.	PUNCT
cblr-8629	301	1	78	78	NUM
cblr-8629	301	2	spdr	spdr	PROPN
cblr-8629	301	3	®	®	NOUN
cblr-8629	301	4	ssga	ssga	ADJ
cblr-8629	301	5	gender	gender	NOUN
cblr-8629	301	6	diversity	diversity	NOUN
cblr-8629	301	7	index	index	NOUN
cblr-8629	301	8	etf	etf	NOUN
cblr-8629	301	9	,	,	PUNCT
cblr-8629	301	10	state	state	PROPN
cblr-8629	301	11	st	st	PROPN
cblr-8629	301	12	.	.	PROPN
cblr-8629	301	13	glob	glob	PROPN
cblr-8629	301	14	.	.	PUNCT
cblr-8629	301	15	advisors	advisor	NOUN
cblr-8629	301	16	(	(	PUNCT
cblr-8629	301	17	on	on	ADP
cblr-8629	301	18	file	file	NOUN
cblr-8629	301	19	with	with	ADP
cblr-8629	301	20	the	the	DET
cblr-8629	301	21	columbia	columbia	PROPN
cblr-8629	301	22	business	business	PROPN
cblr-8629	301	23	law	law	PROPN
cblr-8629	301	24	review	review	PROPN
cblr-8629	301	25	)	)	PUNCT
cblr-8629	301	26	,	,	PUNCT
cblr-8629	301	27	ahn	ahn	PROPN
cblr-8629	301	28	et	et	PROPN
cblr-8629	301	29	al	al	PROPN
cblr-8629	301	30	.	.	PROPN
cblr-8629	301	31	8/20/2021	8/20/2021	NUM
cblr-8629	301	32	6:14	6:14	NUM
cblr-8629	301	33	pm	pm	PROPN
cblr-8629	301	34	496	496	NUM
cblr-8629	301	35	columbia	columbia	PROPN
cblr-8629	301	36	business	business	NOUN
cblr-8629	301	37	law	law	PROPN
cblr-8629	301	38	review	review	NOUN
cblr-8629	301	39	[	[	X
cblr-8629	301	40	vol	vol	NOUN
cblr-8629	301	41	.	.	NOUN
cblr-8629	301	42	2021	2021	NUM
cblr-8629	301	43	under	under	ADP
cblr-8629	301	44	management	management	NOUN
cblr-8629	301	45	as	as	ADP
cblr-8629	301	46	of	of	ADP
cblr-8629	301	47	june	june	PROPN
cblr-8629	301	48	17	17	NUM
cblr-8629	301	49	,	,	PUNCT
cblr-8629	301	50	2021	2021	NUM
cblr-8629	301	51	,	,	PUNCT
cblr-8629	301	52	and	and	CCONJ
cblr-8629	301	53	its	its	PRON
cblr-8629	301	54	three	three	NUM
cblr-8629	301	55	top	top	ADJ
cblr-8629	301	56	holdings	holding	NOUN
cblr-8629	301	57	were	be	AUX
cblr-8629	301	58	paypal	paypal	NOUN
cblr-8629	301	59	,	,	PUNCT
cblr-8629	301	60	texas	texas	PROPN
cblr-8629	301	61	instruments	instrument	NOUN
cblr-8629	301	62	,	,	PUNCT
cblr-8629	301	63	and	and	CCONJ
cblr-8629	301	64	visa.79	visa.79	NOUN
cblr-8629	301	65	in	in	ADP
cblr-8629	301	66	2020	2020	NUM
cblr-8629	301	67	,	,	PUNCT
cblr-8629	301	68	the	the	DET
cblr-8629	301	69	etf	etf	NOUN
cblr-8629	301	70	returned	return	VERB
cblr-8629	301	71	17.95	17.95	NUM
cblr-8629	301	72	%	%	NOUN
cblr-8629	301	73	compared	compare	VERB
cblr-8629	301	74	to	to	ADP
cblr-8629	301	75	16.4	16.4	NUM
cblr-8629	301	76	%	%	NOUN
cblr-8629	301	77	for	for	ADP
cblr-8629	301	78	the	the	DET
cblr-8629	301	79	s&p	s&p	PROPN
cblr-8629	301	80	500	500	NUM
cblr-8629	301	81	index.80	index.80	NOUN
cblr-8629	301	82	to	to	ADP
cblr-8629	301	83	date	date	NOUN
cblr-8629	301	84	,	,	PUNCT
cblr-8629	301	85	however	however	ADV
cblr-8629	301	86	,	,	PUNCT
cblr-8629	301	87	the	the	DET
cblr-8629	301	88	index	index	NOUN
cblr-8629	301	89	market	market	NOUN
cblr-8629	301	90	does	do	AUX
cblr-8629	301	91	not	not	PART
cblr-8629	301	92	appear	appear	VERB
cblr-8629	301	93	to	to	PART
cblr-8629	301	94	have	have	AUX
cblr-8629	301	95	used	use	VERB
cblr-8629	301	96	governance	governance	NOUN
cblr-8629	301	97	provisions	provision	NOUN
cblr-8629	301	98	as	as	ADP
cblr-8629	301	99	a	a	DET
cblr-8629	301	100	basis	basis	NOUN
cblr-8629	301	101	for	for	ADP
cblr-8629	301	102	constructing	construct	VERB
cblr-8629	301	103	bespoke	bespoke	ADJ
cblr-8629	301	104	indexes.81	indexes.81	NOUN
cblr-8629	301	105	there	there	PRON
cblr-8629	301	106	is	be	VERB
cblr-8629	301	107	no	no	DET
cblr-8629	301	108	obvious	obvious	ADJ
cblr-8629	301	109	reason	reason	NOUN
cblr-8629	301	110	for	for	ADP
cblr-8629	301	111	this	this	DET
cblr-8629	301	112	omission	omission	NOUN
cblr-8629	301	113	.	.	PUNCT
cblr-8629	302	1	the	the	DET
cblr-8629	302	2	major	major	ADJ
cblr-8629	302	3	index	index	NOUN
cblr-8629	302	4	providers	provider	NOUN
cblr-8629	302	5	can	can	AUX
cblr-8629	302	6	and	and	CCONJ
cblr-8629	302	7	do	do	AUX
cblr-8629	302	8	construct	construct	VERB
cblr-8629	302	9	bespoke	bespoke	NOUN
cblr-8629	302	10	indexes	index	NOUN
cblr-8629	302	11	at	at	ADP
cblr-8629	302	12	the	the	DET
cblr-8629	302	13	behest	behest	NOUN
cblr-8629	302	14	of	of	ADP
cblr-8629	302	15	asset	asset	NOUN
cblr-8629	302	16	managers.82	managers.82	NOUN
cblr-8629	302	17	an	an	DET
cblr-8629	302	18	index	index	NOUN
cblr-8629	302	19	provider	provider	NOUN
cblr-8629	302	20	can	can	AUX
cblr-8629	302	21	incorporate	incorporate	VERB
cblr-8629	302	22	any	any	DET
cblr-8629	302	23	set	set	NOUN
cblr-8629	302	24	of	of	ADP
cblr-8629	302	25	rule	rule	NOUN
cblr-8629	302	26	-	-	PUNCT
cblr-8629	302	27	based	base	VERB
cblr-8629	302	28	firm	firm	ADJ
cblr-8629	302	29	selection	selection	NOUN
cblr-8629	302	30	https://www.ssga.com/us/en/individual/etfs/funds/spdr-ssga-genderdiversity-index-etf-she	https://www.ssga.com/us/en/individual/etfs/funds/spdr-ssga-genderdiversity-index-etf-she	PROPN
cblr-8629	302	31	(	(	PUNCT
cblr-8629	302	32	last	last	ADV
cblr-8629	302	33	visited	visit	VERB
cblr-8629	302	34	jun	jun	PROPN
cblr-8629	302	35	.	.	PROPN
cblr-8629	302	36	18	18	NUM
cblr-8629	302	37	,	,	PUNCT
cblr-8629	302	38	2021	2021	NUM
cblr-8629	302	39	)	)	PUNCT
cblr-8629	302	40	.	.	PUNCT
cblr-8629	303	1	79	79	NUM
cblr-8629	304	1	i	i	PRON
cblr-8629	304	2	d.	d.	PROPN
cblr-8629	304	3	80	80	NUM
cblr-8629	304	4	compare	compare	PROPN
cblr-8629	304	5	spdr	spdr	PROPN
cblr-8629	304	6	ssga	ssga	ADJ
cblr-8629	304	7	gender	gender	NOUN
cblr-8629	304	8	diversity	diversity	NOUN
cblr-8629	304	9	index	index	NOUN
cblr-8629	304	10	etf	etf	NOUN
cblr-8629	304	11	(	(	PUNCT
cblr-8629	304	12	she	she	PRON
cblr-8629	304	13	)	)	PUNCT
cblr-8629	304	14	performance	performance	NOUN
cblr-8629	304	15	,	,	PUNCT
cblr-8629	304	16	yahoo	yahoo	PROPN
cblr-8629	304	17	!	!	PUNCT
cblr-8629	304	18	:	:	PUNCT
cblr-8629	305	1	fin	fin	PROPN
cblr-8629	305	2	.	.	PUNCT
cblr-8629	305	3	,	,	PUNCT
cblr-8629	305	4	https://finance.yahoo.com/quote/she/	https://finance.yahoo.com/quote/she/	PROPN
cblr-8629	305	5	performance/	performance/	NUM
cblr-8629	305	6	[	[	X
cblr-8629	305	7	https://perma.cc/ck73-7hhj	https://perma.cc/ck73-7hhj	ADV
cblr-8629	305	8	]	]	X
cblr-8629	305	9	(	(	PUNCT
cblr-8629	305	10	last	last	ADJ
cblr-8629	305	11	visited	visit	VERB
cblr-8629	305	12	may	may	AUX
cblr-8629	305	13	31	31	NUM
cblr-8629	305	14	,	,	PUNCT
cblr-8629	305	15	2021	2021	NUM
cblr-8629	305	16	)	)	PUNCT
cblr-8629	305	17	(	(	PUNCT
cblr-8629	305	18	gender	gender	NOUN
cblr-8629	305	19	diversity	diversity	NOUN
cblr-8629	305	20	index	index	NOUN
cblr-8629	305	21	)	)	PUNCT
cblr-8629	305	22	,	,	PUNCT
cblr-8629	305	23	with	with	ADP
cblr-8629	305	24	fhorner@sir-inc.com	fhorner@sir-inc.com	PROPN
cblr-8629	305	25	,	,	PUNCT
cblr-8629	305	26	dow	dow	NOUN
cblr-8629	305	27	,	,	PUNCT
cblr-8629	305	28	s&p	s&p	PROPN
cblr-8629	305	29	500	500	NUM
cblr-8629	305	30	score	score	NOUN
cblr-8629	305	31	record	record	NOUN
cblr-8629	305	32	closes	close	NOUN
cblr-8629	305	33	as	as	ADP
cblr-8629	305	34	2020	2020	NUM
cblr-8629	305	35	comes	come	VERB
cblr-8629	305	36	to	to	ADP
cblr-8629	305	37	an	an	DET
cblr-8629	305	38	end	end	NOUN
cblr-8629	305	39	,	,	PUNCT
cblr-8629	305	40	nasdaq	nasdaq	PROPN
cblr-8629	305	41	(	(	PUNCT
cblr-8629	305	42	dec	dec	PROPN
cblr-8629	305	43	.	.	PROPN
cblr-8629	305	44	31	31	NUM
cblr-8629	305	45	,	,	PUNCT
cblr-8629	305	46	2020	2020	NUM
cblr-8629	305	47	,	,	PUNCT
cblr-8629	305	48	4:50	4:50	NUM
cblr-8629	305	49	pm	pm	NOUN
cblr-8629	305	50	)	)	PUNCT
cblr-8629	305	51	,	,	PUNCT
cblr-8629	305	52	https://www.nasdaq.com/articles/dow-sp-500-score-record-closes-as-2020comes-to-an-end-2020-12-31	https://www.nasdaq.com/articles/dow-sp-500-score-record-closes-as-2020comes-to-an-end-2020-12-31	PROPN
cblr-8629	305	53	[	[	X
cblr-8629	305	54	https://perma.cc/2ywp-sma2	https://perma.cc/2ywp-sma2	NOUN
cblr-8629	305	55	]	]	PUNCT
cblr-8629	305	56	(	(	PUNCT
cblr-8629	305	57	s&p	s&p	PROPN
cblr-8629	305	58	500	500	NUM
cblr-8629	305	59	)	)	PUNCT
cblr-8629	305	60	.	.	PUNCT
cblr-8629	306	1	81	81	NUM
cblr-8629	306	2	there	there	PRON
cblr-8629	306	3	have	have	AUX
cblr-8629	306	4	been	be	AUX
cblr-8629	306	5	limited	limit	VERB
cblr-8629	306	6	efforts	effort	NOUN
cblr-8629	306	7	to	to	PART
cblr-8629	306	8	exploit	exploit	VERB
cblr-8629	306	9	corporate	corporate	ADJ
cblr-8629	306	10	governance	governance	NOUN
cblr-8629	306	11	as	as	ADP
cblr-8629	306	12	a	a	DET
cblr-8629	306	13	trading	trading	NOUN
cblr-8629	306	14	strategy	strategy	NOUN
cblr-8629	306	15	outside	outside	ADP
cblr-8629	306	16	the	the	DET
cblr-8629	306	17	esg	esg	PROPN
cblr-8629	306	18	context	context	NOUN
cblr-8629	306	19	.	.	PUNCT
cblr-8629	307	1	perhaps	perhaps	ADV
cblr-8629	307	2	the	the	DET
cblr-8629	307	3	best	well	ADV
cblr-8629	307	4	known	know	VERB
cblr-8629	307	5	is	be	AUX
cblr-8629	307	6	the	the	DET
cblr-8629	307	7	lens	lens	NOUN
cblr-8629	307	8	fund	fund	NOUN
cblr-8629	307	9	,	,	PUNCT
cblr-8629	307	10	founded	found	VERB
cblr-8629	307	11	by	by	ADP
cblr-8629	307	12	well	well	ADV
cblr-8629	307	13	-	-	PUNCT
cblr-8629	307	14	known	know	VERB
cblr-8629	307	15	activist	activist	NOUN
cblr-8629	307	16	robert	robert	PROPN
cblr-8629	307	17	monks	monks	PROPN
cblr-8629	307	18	,	,	PUNCT
cblr-8629	307	19	which	which	PRON
cblr-8629	307	20	used	use	VERB
cblr-8629	307	21	a	a	DET
cblr-8629	307	22	long	long	ADJ
cblr-8629	307	23	/	/	SYM
cblr-8629	307	24	short	short	ADJ
cblr-8629	307	25	strategy	strategy	NOUN
cblr-8629	307	26	to	to	PART
cblr-8629	307	27	exploit	exploit	VERB
cblr-8629	307	28	differences	difference	NOUN
cblr-8629	307	29	in	in	ADP
cblr-8629	307	30	corporate	corporate	ADJ
cblr-8629	307	31	governance	governance	NOUN
cblr-8629	307	32	.	.	PUNCT
cblr-8629	308	1	see	see	VERB
cblr-8629	308	2	hilary	hilary	PROPN
cblr-8629	308	3	rosenberg	rosenberg	PROPN
cblr-8629	308	4	,	,	PUNCT
cblr-8629	308	5	an	an	DET
cblr-8629	308	6	activist	activist	ADJ
cblr-8629	308	7	shareholder	shareholder	NOUN
cblr-8629	308	8	takes	take	VERB
cblr-8629	308	9	on	on	ADP
cblr-8629	308	10	the	the	DET
cblr-8629	308	11	world	world	NOUN
cblr-8629	308	12	,	,	PUNCT
cblr-8629	308	13	n.y	n.y	PROPN
cblr-8629	308	14	.	.	PROPN
cblr-8629	308	15	times	times	PROPN
cblr-8629	308	16	,	,	PUNCT
cblr-8629	308	17	mar	mar	PROPN
cblr-8629	308	18	.	.	PROPN
cblr-8629	308	19	21	21	NUM
cblr-8629	308	20	,	,	PUNCT
cblr-8629	308	21	1999	1999	NUM
cblr-8629	308	22	(	(	PUNCT
cblr-8629	308	23	§	§	PROPN
cblr-8629	308	24	3	3	NUM
cblr-8629	308	25	)	)	PUNCT
cblr-8629	308	26	,	,	PUNCT
cblr-8629	308	27	at	at	ADP
cblr-8629	308	28	8	8	NUM
cblr-8629	308	29	(	(	PUNCT
cblr-8629	308	30	describing	describe	VERB
cblr-8629	308	31	the	the	DET
cblr-8629	308	32	lens	lens	NOUN
cblr-8629	308	33	fund	fund	PROPN
cblr-8629	308	34	)	)	PUNCT
cblr-8629	308	35	.	.	PUNCT
cblr-8629	309	1	an	an	DET
cblr-8629	309	2	example	example	NOUN
cblr-8629	309	3	of	of	ADP
cblr-8629	309	4	an	an	DET
cblr-8629	309	5	actively	actively	ADV
cblr-8629	309	6	-	-	PUNCT
cblr-8629	309	7	managed	manage	VERB
cblr-8629	309	8	fund	fund	NOUN
cblr-8629	309	9	that	that	PRON
cblr-8629	309	10	explicitly	explicitly	ADV
cblr-8629	309	11	discloses	disclose	VERB
cblr-8629	309	12	its	its	PRON
cblr-8629	309	13	consideration	consideration	NOUN
cblr-8629	309	14	of	of	ADP
cblr-8629	309	15	governance	governance	NOUN
cblr-8629	309	16	is	be	AUX
cblr-8629	309	17	the	the	DET
cblr-8629	309	18	neuberger	neuberger	PROPN
cblr-8629	309	19	berman	berman	PROPN
cblr-8629	309	20	intrinsic	intrinsic	ADJ
cblr-8629	309	21	value	value	NOUN
cblr-8629	309	22	fund	fund	NOUN
cblr-8629	309	23	.	.	PUNCT
cblr-8629	310	1	see	see	VERB
cblr-8629	310	2	neuberger	neuberger	PROPN
cblr-8629	310	3	berman	berman	PROPN
cblr-8629	310	4	,	,	PUNCT
cblr-8629	310	5	neuberger	neuberger	PROPN
cblr-8629	310	6	berman	berman	PROPN
cblr-8629	310	7	intrinsic	intrinsic	PROPN
cblr-8629	310	8	value	value	NOUN
cblr-8629	310	9	fund	fund	NOUN
cblr-8629	310	10	:	:	PUNCT
cblr-8629	310	11	summary	summary	NOUN
cblr-8629	310	12	prospectus	prospectus	NOUN
cblr-8629	310	13	2–3	2–3	NUM
cblr-8629	310	14	(	(	PUNCT
cblr-8629	310	15	2020	2020	NUM
cblr-8629	310	16	)	)	PUNCT
cblr-8629	310	17	(	(	PUNCT
cblr-8629	310	18	on	on	ADP
cblr-8629	310	19	file	file	NOUN
cblr-8629	310	20	with	with	ADP
cblr-8629	310	21	the	the	DET
cblr-8629	310	22	columbia	columbia	PROPN
cblr-8629	310	23	business	business	PROPN
cblr-8629	310	24	law	law	PROPN
cblr-8629	310	25	review	review	PROPN
cblr-8629	310	26	)	)	PUNCT
cblr-8629	310	27	,	,	PUNCT
cblr-8629	310	28	https://www.nb.com/handlers/documents.ashx?item_id=c9b99343-211242cf-9a17-9ad85ba01522	https://www.nb.com/handlers/documents.ashx?item_id=c9b99343-211242cf-9a17-9ad85ba01522	PRON
cblr-8629	310	29	(	(	PUNCT
cblr-8629	310	30	“	"	PUNCT
cblr-8629	310	31	the	the	DET
cblr-8629	310	32	portfolio	portfolio	NOUN
cblr-8629	310	33	managers	manager	NOUN
cblr-8629	310	34	also	also	ADV
cblr-8629	310	35	integrate	integrate	VERB
cblr-8629	310	36	governance	governance	NOUN
cblr-8629	310	37	factors	factor	NOUN
cblr-8629	310	38	into	into	ADP
cblr-8629	310	39	the	the	DET
cblr-8629	310	40	investment	investment	NOUN
cblr-8629	310	41	process	process	NOUN
cblr-8629	310	42	.	.	PUNCT
cblr-8629	311	1	they	they	PRON
cblr-8629	311	2	seek	seek	VERB
cblr-8629	311	3	to	to	PART
cblr-8629	311	4	invest	invest	VERB
cblr-8629	311	5	in	in	ADP
cblr-8629	311	6	companies	company	NOUN
cblr-8629	311	7	that	that	PRON
cblr-8629	311	8	have	have	VERB
cblr-8629	311	9	effective	effective	ADJ
cblr-8629	311	10	and	and	CCONJ
cblr-8629	311	11	independent	independent	ADJ
cblr-8629	311	12	boards	board	NOUN
cblr-8629	311	13	composed	compose	VERB
cblr-8629	311	14	of	of	ADP
cblr-8629	311	15	diverse	diverse	ADJ
cblr-8629	311	16	,	,	PUNCT
cblr-8629	311	17	and	and	CCONJ
cblr-8629	311	18	currently	currently	ADV
cblr-8629	311	19	active	active	ADJ
cblr-8629	311	20	,	,	PUNCT
cblr-8629	311	21	ceos	ceos	NOUN
cblr-8629	311	22	and	and	CCONJ
cblr-8629	311	23	other	other	ADJ
cblr-8629	311	24	c	c	NOUN
cblr-8629	311	25	-	-	PUNCT
cblr-8629	311	26	level	level	NOUN
cblr-8629	311	27	executives	executive	NOUN
cblr-8629	311	28	.	.	PUNCT
cblr-8629	312	1	they	they	PRON
cblr-8629	312	2	look	look	VERB
cblr-8629	312	3	for	for	ADP
cblr-8629	312	4	companies	company	NOUN
cblr-8629	312	5	where	where	SCONJ
cblr-8629	312	6	management	management	NOUN
cblr-8629	312	7	and	and	CCONJ
cblr-8629	312	8	shareholder	shareholder	NOUN
cblr-8629	312	9	interests	interest	NOUN
cblr-8629	312	10	are	be	AUX
cblr-8629	312	11	aligned	align	VERB
cblr-8629	312	12	(	(	PUNCT
cblr-8629	312	13	often	often	ADV
cblr-8629	312	14	through	through	ADP
cblr-8629	312	15	high	high	ADJ
cblr-8629	312	16	ownership	ownership	NOUN
cblr-8629	312	17	of	of	ADP
cblr-8629	312	18	the	the	DET
cblr-8629	312	19	company	company	NOUN
cblr-8629	312	20	by	by	ADP
cblr-8629	312	21	management	management	NOUN
cblr-8629	312	22	)	)	PUNCT
cblr-8629	312	23	,	,	PUNCT
cblr-8629	312	24	with	with	ADP
cblr-8629	312	25	long	long	ADJ
cblr-8629	312	26	-	-	PUNCT
cblr-8629	312	27	term	term	NOUN
cblr-8629	312	28	incentive	incentive	NOUN
cblr-8629	312	29	plans	plan	NOUN
cblr-8629	312	30	and	and	CCONJ
cblr-8629	312	31	ceo	ceo	NOUN
cblr-8629	312	32	and	and	CCONJ
cblr-8629	312	33	management	management	NOUN
cblr-8629	312	34	compensation	compensation	NOUN
cblr-8629	312	35	and	and	CCONJ
cblr-8629	312	36	succession	succession	NOUN
cblr-8629	312	37	plans	plan	NOUN
cblr-8629	312	38	in	in	ADP
cblr-8629	312	39	place	place	NOUN
cblr-8629	312	40	.	.	PUNCT
cblr-8629	312	41	”	"	PUNCT
cblr-8629	312	42	)	)	PUNCT
cblr-8629	312	43	.	.	PUNCT
cblr-8629	313	1	we	we	PRON
cblr-8629	313	2	note	note	VERB
cblr-8629	313	3	that	that	SCONJ
cblr-8629	313	4	an	an	DET
cblr-8629	313	5	index	index	NOUN
cblr-8629	313	6	-	-	PUNCT
cblr-8629	313	7	based	base	VERB
cblr-8629	313	8	approach	approach	NOUN
cblr-8629	313	9	offers	offer	VERB
cblr-8629	313	10	several	several	ADJ
cblr-8629	313	11	advantages	advantage	NOUN
cblr-8629	313	12	including	include	VERB
cblr-8629	313	13	a	a	DET
cblr-8629	313	14	more	more	ADV
cblr-8629	313	15	transparent	transparent	ADJ
cblr-8629	313	16	set	set	NOUN
cblr-8629	313	17	of	of	ADP
cblr-8629	313	18	governance	governance	NOUN
cblr-8629	313	19	criteria	criterion	NOUN
cblr-8629	313	20	as	as	ADV
cblr-8629	313	21	well	well	ADV
cblr-8629	313	22	as	as	ADP
cblr-8629	313	23	the	the	DET
cblr-8629	313	24	substantially	substantially	ADV
cblr-8629	313	25	lower	low	ADJ
cblr-8629	313	26	costs	cost	NOUN
cblr-8629	313	27	associated	associate	VERB
cblr-8629	313	28	with	with	ADP
cblr-8629	313	29	an	an	DET
cblr-8629	313	30	index	index	NOUN
cblr-8629	313	31	-	-	PUNCT
cblr-8629	313	32	based	base	VERB
cblr-8629	313	33	investment	investment	NOUN
cblr-8629	313	34	vehicle	vehicle	NOUN
cblr-8629	313	35	.	.	PUNCT
cblr-8629	314	1	82	82	NUM
cblr-8629	314	2	see	see	VERB
cblr-8629	314	3	robertson	robertson	PROPN
cblr-8629	314	4	,	,	PUNCT
cblr-8629	314	5	supra	supra	PROPN
cblr-8629	314	6	note	note	PROPN
cblr-8629	314	7	9	9	NUM
cblr-8629	314	8	,	,	PUNCT
cblr-8629	314	9	at	at	ADP
cblr-8629	314	10	830–31	830–31	PROPN
cblr-8629	314	11	.	.	PUNCT
cblr-8629	315	1	ahn	ahn	PROPN
cblr-8629	315	2	et	et	PROPN
cblr-8629	315	3	al	al	PROPN
cblr-8629	315	4	.	.	PROPN
cblr-8629	316	1	8/20/2021	8/20/2021	NUM
cblr-8629	316	2	6:14	6:14	NUM
cblr-8629	316	3	pm	pm	NOUN
cblr-8629	316	4	no	no	NOUN
cblr-8629	316	5	.	.	PUNCT
cblr-8629	317	1	2:476	2:476	NUM
cblr-8629	317	2	]	]	X
cblr-8629	317	3	synthetic	synthetic	ADJ
cblr-8629	317	4	governance	governance	NOUN
cblr-8629	317	5	497	497	NUM
cblr-8629	317	6	criteria	criterion	NOUN
cblr-8629	317	7	into	into	ADP
cblr-8629	317	8	an	an	DET
cblr-8629	317	9	index	index	NOUN
cblr-8629	317	10	,	,	PUNCT
cblr-8629	317	11	including	include	VERB
cblr-8629	317	12	governance	governance	NOUN
cblr-8629	317	13	screens	screen	NOUN
cblr-8629	317	14	.	.	PUNCT
cblr-8629	318	1	as	as	ADP
cblr-8629	318	2	a	a	DET
cblr-8629	318	3	result	result	NOUN
cblr-8629	318	4	,	,	PUNCT
cblr-8629	318	5	it	it	PRON
cblr-8629	318	6	is	be	AUX
cblr-8629	318	7	possible	possible	ADJ
cblr-8629	318	8	to	to	PART
cblr-8629	318	9	create	create	VERB
cblr-8629	318	10	an	an	DET
cblr-8629	318	11	index	index	NOUN
cblr-8629	318	12	comprised	comprise	VERB
cblr-8629	318	13	solely	solely	ADV
cblr-8629	318	14	of	of	ADP
cblr-8629	318	15	companies	company	NOUN
cblr-8629	318	16	with	with	ADP
cblr-8629	318	17	dual	dual	ADJ
cblr-8629	318	18	class	class	NOUN
cblr-8629	318	19	voting	voting	NOUN
cblr-8629	318	20	structures	structure	NOUN
cblr-8629	318	21	or	or	CCONJ
cblr-8629	318	22	to	to	PART
cblr-8629	318	23	construct	construct	VERB
cblr-8629	318	24	a	a	DET
cblr-8629	318	25	dual	dual	ADV
cblr-8629	318	26	-	-	PUNCT
cblr-8629	318	27	free	free	ADJ
cblr-8629	318	28	s&p	s&p	PROPN
cblr-8629	318	29	500	500	NUM
cblr-8629	318	30	index	index	NOUN
cblr-8629	318	31	.	.	PUNCT
cblr-8629	319	1	similarly	similarly	ADV
cblr-8629	319	2	,	,	PUNCT
cblr-8629	319	3	it	it	PRON
cblr-8629	319	4	is	be	AUX
cblr-8629	319	5	possible	possible	ADJ
cblr-8629	319	6	to	to	PART
cblr-8629	319	7	construct	construct	VERB
cblr-8629	319	8	an	an	DET
cblr-8629	319	9	index	index	NOUN
cblr-8629	319	10	that	that	PRON
cblr-8629	319	11	extends	extend	VERB
cblr-8629	319	12	beyond	beyond	ADP
cblr-8629	319	13	the	the	DET
cblr-8629	319	14	exclusion	exclusion	NOUN
cblr-8629	319	15	of	of	ADP
cblr-8629	319	16	dual	dual	ADJ
cblr-8629	319	17	class	class	NOUN
cblr-8629	319	18	structures	structure	NOUN
cblr-8629	319	19	and	and	CCONJ
cblr-8629	319	20	that	that	SCONJ
cblr-8629	319	21	excludes	exclude	VERB
cblr-8629	319	22	companies	company	NOUN
cblr-8629	319	23	with	with	ADP
cblr-8629	319	24	other	other	ADJ
cblr-8629	319	25	“	"	PUNCT
cblr-8629	319	26	bad	bad	ADJ
cblr-8629	319	27	”	"	PUNCT
cblr-8629	319	28	governance	governance	NOUN
cblr-8629	319	29	provisions	provision	NOUN
cblr-8629	319	30	such	such	ADJ
cblr-8629	319	31	as	as	ADP
cblr-8629	319	32	staggered	staggered	ADJ
cblr-8629	319	33	boards	board	NOUN
cblr-8629	319	34	,	,	PUNCT
cblr-8629	319	35	combined	combined	ADJ
cblr-8629	319	36	chairman	chairman	NOUN
cblr-8629	319	37	and	and	CCONJ
cblr-8629	319	38	ceo	ceo	NOUN
cblr-8629	319	39	positions	position	NOUN
cblr-8629	319	40	,	,	PUNCT
cblr-8629	319	41	plurality	plurality	NOUN
cblr-8629	319	42	voting	voting	NOUN
cblr-8629	319	43	,	,	PUNCT
cblr-8629	319	44	excessive	excessive	ADJ
cblr-8629	319	45	restrictions	restriction	NOUN
cblr-8629	319	46	on	on	ADP
cblr-8629	319	47	shareholder	shareholder	NOUN
cblr-8629	319	48	ability	ability	NOUN
cblr-8629	319	49	to	to	PART
cblr-8629	319	50	call	call	VERB
cblr-8629	319	51	a	a	DET
cblr-8629	319	52	special	special	ADJ
cblr-8629	319	53	meeting	meeting	NOUN
cblr-8629	319	54	,	,	PUNCT
cblr-8629	319	55	or	or	CCONJ
cblr-8629	319	56	any	any	DET
cblr-8629	319	57	other	other	ADJ
cblr-8629	319	58	governance	governance	NOUN
cblr-8629	319	59	features	feature	NOUN
cblr-8629	319	60	.	.	PUNCT
cblr-8629	320	1	governance	governance	NOUN
cblr-8629	320	2	-	-	PUNCT
cblr-8629	320	3	based	base	VERB
cblr-8629	320	4	index	index	NOUN
cblr-8629	320	5	funds	fund	NOUN
cblr-8629	320	6	thus	thus	ADV
cblr-8629	320	7	could	could	AUX
cblr-8629	320	8	provide	provide	VERB
cblr-8629	320	9	investors	investor	NOUN
cblr-8629	320	10	with	with	ADP
cblr-8629	320	11	access	access	NOUN
cblr-8629	320	12	to	to	ADP
cblr-8629	320	13	synthetic	synthetic	ADJ
cblr-8629	320	14	governance	governance	NOUN
cblr-8629	320	15	—	—	PUNCT
cblr-8629	320	16	the	the	DET
cblr-8629	320	17	ability	ability	NOUN
cblr-8629	320	18	to	to	PART
cblr-8629	320	19	select	select	VERB
cblr-8629	320	20	their	their	PRON
cblr-8629	320	21	portfolio	portfolio	NOUN
cblr-8629	320	22	companies	company	NOUN
cblr-8629	320	23	on	on	ADP
cblr-8629	320	24	the	the	DET
cblr-8629	320	25	basis	basis	NOUN
cblr-8629	320	26	of	of	ADP
cblr-8629	320	27	governance	governance	NOUN
cblr-8629	320	28	criteria	criterion	NOUN
cblr-8629	320	29	.	.	PUNCT
cblr-8629	321	1	the	the	DET
cblr-8629	321	2	utility	utility	NOUN
cblr-8629	321	3	of	of	ADP
cblr-8629	321	4	such	such	ADJ
cblr-8629	321	5	funds	fund	NOUN
cblr-8629	321	6	is	be	AUX
cblr-8629	321	7	manifold	manifold	ADJ
cblr-8629	321	8	.	.	PUNCT
cblr-8629	322	1	first	first	ADV
cblr-8629	322	2	,	,	PUNCT
cblr-8629	322	3	they	they	PRON
cblr-8629	322	4	provide	provide	VERB
cblr-8629	322	5	a	a	DET
cblr-8629	322	6	solution	solution	NOUN
cblr-8629	322	7	to	to	ADP
cblr-8629	322	8	the	the	DET
cblr-8629	322	9	inability	inability	NOUN
cblr-8629	322	10	of	of	ADP
cblr-8629	322	11	index	index	NOUN
cblr-8629	322	12	funds	fund	NOUN
cblr-8629	322	13	to	to	PART
cblr-8629	322	14	exercise	exercise	VERB
cblr-8629	322	15	market	market	NOUN
cblr-8629	322	16	discipline	discipline	NOUN
cblr-8629	322	17	by	by	ADP
cblr-8629	322	18	selling	sell	VERB
cblr-8629	322	19	the	the	DET
cblr-8629	322	20	stock	stock	NOUN
cblr-8629	322	21	of	of	ADP
cblr-8629	322	22	companies	company	NOUN
cblr-8629	322	23	with	with	ADP
cblr-8629	322	24	bad	bad	ADJ
cblr-8629	322	25	corporate	corporate	ADJ
cblr-8629	322	26	governance	governance	NOUN
cblr-8629	322	27	.	.	PUNCT
cblr-8629	323	1	because	because	SCONJ
cblr-8629	323	2	an	an	DET
cblr-8629	323	3	asset	asset	NOUN
cblr-8629	323	4	manager	manager	NOUN
cblr-8629	323	5	can	can	AUX
cblr-8629	323	6	offer	offer	VERB
cblr-8629	323	7	a	a	DET
cblr-8629	323	8	“	"	PUNCT
cblr-8629	323	9	good	good	ADJ
cblr-8629	323	10	governance	governance	NOUN
cblr-8629	323	11	”	"	PUNCT
cblr-8629	323	12	fund	fund	NOUN
cblr-8629	323	13	in	in	ADP
cblr-8629	323	14	which	which	PRON
cblr-8629	323	15	governance	governance	NOUN
cblr-8629	323	16	is	be	AUX
cblr-8629	323	17	an	an	DET
cblr-8629	323	18	investment	investment	NOUN
cblr-8629	323	19	criterion	criterion	NOUN
cblr-8629	323	20	,	,	PUNCT
cblr-8629	323	21	asset	asset	NOUN
cblr-8629	323	22	flows	flow	VERB
cblr-8629	323	23	into	into	ADP
cblr-8629	323	24	that	that	DET
cblr-8629	323	25	fund	fund	NOUN
cblr-8629	323	26	will	will	AUX
cblr-8629	323	27	have	have	VERB
cblr-8629	323	28	the	the	DET
cblr-8629	323	29	effect	effect	NOUN
cblr-8629	323	30	of	of	ADP
cblr-8629	323	31	reducing	reduce	VERB
cblr-8629	323	32	the	the	DET
cblr-8629	323	33	cost	cost	NOUN
cblr-8629	323	34	of	of	ADP
cblr-8629	323	35	capital	capital	NOUN
cblr-8629	323	36	for	for	ADP
cblr-8629	323	37	the	the	DET
cblr-8629	323	38	fund	fund	NOUN
cblr-8629	323	39	’s	’s	PART
cblr-8629	323	40	portfolio	portfolio	NOUN
cblr-8629	323	41	companies	company	NOUN
cblr-8629	323	42	.	.	PUNCT
cblr-8629	324	1	second	second	ADJ
cblr-8629	324	2	,	,	PUNCT
cblr-8629	324	3	governance	governance	NOUN
cblr-8629	324	4	funds	fund	NOUN
cblr-8629	324	5	offer	offer	VERB
cblr-8629	324	6	a	a	DET
cblr-8629	324	7	market	market	NOUN
cblr-8629	324	8	-	-	PUNCT
cblr-8629	324	9	based	base	VERB
cblr-8629	324	10	mechanism	mechanism	NOUN
cblr-8629	324	11	to	to	PART
cblr-8629	324	12	evaluate	evaluate	VERB
cblr-8629	324	13	empirically	empirically	ADV
cblr-8629	324	14	the	the	DET
cblr-8629	324	15	effect	effect	NOUN
cblr-8629	324	16	of	of	ADP
cblr-8629	324	17	corporate	corporate	ADJ
cblr-8629	324	18	governance	governance	NOUN
cblr-8629	324	19	.	.	PUNCT
cblr-8629	325	1	if	if	SCONJ
cblr-8629	325	2	,	,	PUNCT
cblr-8629	325	3	as	as	ADP
cblr-8629	325	4	many	many	ADJ
cblr-8629	325	5	large	large	ADJ
cblr-8629	325	6	institutional	institutional	ADJ
cblr-8629	325	7	investors	investor	NOUN
cblr-8629	325	8	claim	claim	VERB
cblr-8629	325	9	,	,	PUNCT
cblr-8629	325	10	certain	certain	ADJ
cblr-8629	325	11	bad	bad	ADJ
cblr-8629	325	12	governance	governance	NOUN
cblr-8629	325	13	features	feature	NOUN
cblr-8629	325	14	are	be	AUX
cblr-8629	325	15	value	value	NOUN
cblr-8629	325	16	-	-	PUNCT
cblr-8629	325	17	decreasing	decrease	VERB
cblr-8629	325	18	,	,	PUNCT
cblr-8629	325	19	good	good	ADJ
cblr-8629	325	20	governance	governance	NOUN
cblr-8629	325	21	funds	fund	NOUN
cblr-8629	325	22	should	should	AUX
cblr-8629	325	23	outperform	outperform	VERB
cblr-8629	325	24	their	their	PRON
cblr-8629	325	25	broad	broad	ADV
cblr-8629	325	26	-	-	PUNCT
cblr-8629	325	27	based	base	VERB
cblr-8629	325	28	peers	peer	NOUN
cblr-8629	325	29	and	and	CCONJ
cblr-8629	325	30	attract	attract	VERB
cblr-8629	325	31	inflows	inflow	NOUN
cblr-8629	325	32	from	from	ADP
cblr-8629	325	33	investors.83	investors.83	VERB
cblr-8629	325	34	finally	finally	ADV
cblr-8629	325	35	,	,	PUNCT
cblr-8629	325	36	synthetic	synthetic	ADJ
cblr-8629	325	37	governance	governance	NOUN
cblr-8629	325	38	provides	provide	VERB
cblr-8629	325	39	a	a	DET
cblr-8629	325	40	mechanism	mechanism	NOUN
cblr-8629	325	41	to	to	PART
cblr-8629	325	42	enhance	enhance	VERB
cblr-8629	325	43	management	management	NOUN
cblr-8629	325	44	accountability	accountability	NOUN
cblr-8629	325	45	by	by	ADP
cblr-8629	325	46	providing	provide	VERB
cblr-8629	325	47	passive	passive	ADJ
cblr-8629	325	48	investors	investor	NOUN
cblr-8629	325	49	a	a	DET
cblr-8629	325	50	way	way	NOUN
cblr-8629	325	51	to	to	PART
cblr-8629	325	52	subject	subject	VERB
cblr-8629	325	53	the	the	DET
cblr-8629	325	54	governance	governance	NOUN
cblr-8629	325	55	choices	choice	NOUN
cblr-8629	325	56	of	of	ADP
cblr-8629	325	57	their	their	PRON
cblr-8629	325	58	portfolio	portfolio	NOUN
cblr-8629	325	59	companies	company	NOUN
cblr-8629	325	60	to	to	ADP
cblr-8629	325	61	capital	capital	NOUN
cblr-8629	325	62	market	market	NOUN
cblr-8629	325	63	discipline	discipline	NOUN
cblr-8629	325	64	.	.	PUNCT
cblr-8629	326	1	there	there	PRON
cblr-8629	326	2	are	be	VERB
cblr-8629	326	3	83	83	NUM
cblr-8629	326	4	mutual	mutual	ADJ
cblr-8629	326	5	fund	fund	NOUN
cblr-8629	326	6	asset	asset	NOUN
cblr-8629	326	7	flows	flow	NOUN
cblr-8629	326	8	respond	respond	VERB
cblr-8629	326	9	to	to	ADP
cblr-8629	326	10	fund	fund	NOUN
cblr-8629	326	11	performance	performance	NOUN
cblr-8629	326	12	.	.	PUNCT
cblr-8629	327	1	see	see	VERB
cblr-8629	327	2	,	,	PUNCT
cblr-8629	327	3	e.g.	e.g.	ADV
cblr-8629	327	4	,	,	PUNCT
cblr-8629	327	5	jonathan	jonathan	PROPN
cblr-8629	327	6	b.	b.	PROPN
cblr-8629	327	7	berk	berk	PROPN
cblr-8629	327	8	&	&	CCONJ
cblr-8629	327	9	jules	jules	PROPN
cblr-8629	327	10	h.	h.	PROPN
cblr-8629	327	11	van	van	PROPN
cblr-8629	327	12	binsbergen	binsbergen	PROPN
cblr-8629	327	13	,	,	PUNCT
cblr-8629	327	14	mutual	mutual	ADJ
cblr-8629	327	15	funds	fund	NOUN
cblr-8629	327	16	in	in	ADP
cblr-8629	327	17	equilibrium	equilibrium	NOUN
cblr-8629	327	18	,	,	PUNCT
cblr-8629	327	19	9	9	NUM
cblr-8629	327	20	ann	ann	PROPN
cblr-8629	327	21	.	.	PUNCT
cblr-8629	328	1	rev	rev	PROPN
cblr-8629	328	2	.	.	PROPN
cblr-8629	329	1	fin	fin	PROPN
cblr-8629	329	2	.	.	PUNCT
cblr-8629	330	1	econ	econ	PROPN
cblr-8629	330	2	.	.	PUNCT
cblr-8629	331	1	147	147	NUM
cblr-8629	331	2	,	,	PUNCT
cblr-8629	331	3	148	148	NUM
cblr-8629	331	4	(	(	PUNCT
cblr-8629	331	5	2017	2017	NUM
cblr-8629	331	6	)	)	PUNCT
cblr-8629	331	7	(	(	PUNCT
cblr-8629	331	8	“	"	PUNCT
cblr-8629	331	9	[	[	PUNCT
cblr-8629	331	10	f]und	f]und	NOUN
cblr-8629	331	11	flows	flow	VERB
cblr-8629	331	12	into	into	ADP
cblr-8629	331	13	mutual	mutual	ADJ
cblr-8629	331	14	funds	fund	NOUN
cblr-8629	331	15	are	be	AUX
cblr-8629	331	16	known	know	VERB
cblr-8629	331	17	to	to	PART
cblr-8629	331	18	be	be	AUX
cblr-8629	331	19	highly	highly	ADV
cblr-8629	331	20	predictable	predictable	ADJ
cblr-8629	331	21	on	on	ADP
cblr-8629	331	22	the	the	DET
cblr-8629	331	23	basis	basis	NOUN
cblr-8629	331	24	of	of	ADP
cblr-8629	331	25	past	past	ADJ
cblr-8629	331	26	performance	performance	NOUN
cblr-8629	331	27	[	[	X
cblr-8629	331	28	.	.	X
cblr-8629	331	29	]	]	X
cblr-8629	331	30	”	"	PUNCT
cblr-8629	331	31	)	)	PUNCT
cblr-8629	331	32	;	;	PUNCT
cblr-8629	331	33	c.	c.	PROPN
cblr-8629	331	34	wei	wei	PROPN
cblr-8629	331	35	li	li	PROPN
cblr-8629	331	36	,	,	PUNCT
cblr-8629	331	37	ashish	ashish	PROPN
cblr-8629	331	38	tiwari	tiwari	PROPN
cblr-8629	331	39	&	&	CCONJ
cblr-8629	331	40	lin	lin	PROPN
cblr-8629	331	41	tong	tong	PROPN
cblr-8629	331	42	,	,	PUNCT
cblr-8629	331	43	investment	investment	NOUN
cblr-8629	331	44	decisions	decision	NOUN
cblr-8629	331	45	under	under	ADP
cblr-8629	331	46	ambiguity	ambiguity	NOUN
cblr-8629	331	47	:	:	PUNCT
cblr-8629	331	48	evidence	evidence	NOUN
cblr-8629	331	49	from	from	ADP
cblr-8629	331	50	mutual	mutual	ADJ
cblr-8629	331	51	fund	fund	NOUN
cblr-8629	331	52	investor	investor	NOUN
cblr-8629	331	53	behavior	behavior	NOUN
cblr-8629	331	54	,	,	PUNCT
cblr-8629	331	55	63	63	NUM
cblr-8629	331	56	mgmt	mgmt	NOUN
cblr-8629	331	57	.	.	PUNCT
cblr-8629	332	1	sci	sci	PROPN
cblr-8629	332	2	.	.	PROPN
cblr-8629	332	3	2509	2509	NUM
cblr-8629	332	4	,	,	PUNCT
cblr-8629	332	5	2523	2523	NUM
cblr-8629	332	6	(	(	PUNCT
cblr-8629	332	7	2017	2017	NUM
cblr-8629	332	8	)	)	PUNCT
cblr-8629	333	1	(	(	PUNCT
cblr-8629	333	2	“	"	PUNCT
cblr-8629	333	3	one	one	NUM
cblr-8629	333	4	of	of	ADP
cblr-8629	333	5	the	the	DET
cblr-8629	333	6	most	most	ADV
cblr-8629	333	7	well	well	ADV
cblr-8629	333	8	-	-	PUNCT
cblr-8629	333	9	known	know	VERB
cblr-8629	333	10	findings	finding	NOUN
cblr-8629	333	11	in	in	ADP
cblr-8629	333	12	the	the	DET
cblr-8629	333	13	mutual	mutual	ADJ
cblr-8629	333	14	fund	fund	NOUN
cblr-8629	333	15	literature	literature	NOUN
cblr-8629	333	16	is	be	AUX
cblr-8629	333	17	the	the	DET
cblr-8629	333	18	convex	convex	ADJ
cblr-8629	333	19	relationship	relationship	NOUN
cblr-8629	333	20	between	between	ADP
cblr-8629	333	21	investor	investor	NOUN
cblr-8629	333	22	flows	flow	NOUN
cblr-8629	333	23	and	and	CCONJ
cblr-8629	333	24	past	past	ADJ
cblr-8629	333	25	fund	fund	NOUN
cblr-8629	333	26	performance	performance	NOUN
cblr-8629	333	27	.	.	PUNCT
cblr-8629	333	28	”	"	PUNCT
cblr-8629	333	29	)	)	PUNCT
cblr-8629	333	30	.	.	PUNCT
cblr-8629	334	1	ahn	ahn	PROPN
cblr-8629	334	2	et	et	PROPN
cblr-8629	334	3	al	al	PROPN
cblr-8629	334	4	.	.	PROPN
cblr-8629	335	1	8/20/2021	8/20/2021	NUM
cblr-8629	335	2	6:14	6:14	NUM
cblr-8629	335	3	pm	pm	PROPN
cblr-8629	335	4	498	498	NUM
cblr-8629	335	5	columbia	columbia	PROPN
cblr-8629	335	6	business	business	NOUN
cblr-8629	335	7	law	law	PROPN
cblr-8629	335	8	review	review	NOUN
cblr-8629	335	9	[	[	X
cblr-8629	335	10	vol	vol	NOUN
cblr-8629	335	11	.	.	PUNCT
cblr-8629	335	12	2021	2021	NUM
cblr-8629	335	13	also	also	ADV
cblr-8629	335	14	systemic	systemic	ADJ
cblr-8629	335	15	effects	effect	NOUN
cblr-8629	335	16	:	:	PUNCT
cblr-8629	335	17	if	if	SCONJ
cblr-8629	335	18	bespoke	bespoke	NOUN
cblr-8629	335	19	governance	governance	NOUN
cblr-8629	335	20	indexes	index	NOUN
cblr-8629	335	21	are	be	AUX
cblr-8629	335	22	successful	successful	ADJ
cblr-8629	335	23	in	in	ADP
cblr-8629	335	24	attracting	attract	VERB
cblr-8629	335	25	investor	investor	NOUN
cblr-8629	335	26	assets	asset	NOUN
cblr-8629	335	27	,	,	PUNCT
cblr-8629	335	28	firms	firm	NOUN
cblr-8629	335	29	may	may	AUX
cblr-8629	335	30	adopt	adopt	VERB
cblr-8629	335	31	specific	specific	ADJ
cblr-8629	335	32	governance	governance	NOUN
cblr-8629	335	33	practices	practice	NOUN
cblr-8629	335	34	to	to	PART
cblr-8629	335	35	qualify	qualify	VERB
cblr-8629	335	36	for	for	ADP
cblr-8629	335	37	inclusion	inclusion	NOUN
cblr-8629	335	38	.	.	PUNCT
cblr-8629	336	1	to	to	PART
cblr-8629	336	2	be	be	AUX
cblr-8629	336	3	sure	sure	ADJ
cblr-8629	336	4	,	,	PUNCT
cblr-8629	336	5	this	this	PRON
cblr-8629	336	6	may	may	AUX
cblr-8629	336	7	dilute	dilute	VERB
cblr-8629	336	8	the	the	DET
cblr-8629	336	9	extent	extent	NOUN
cblr-8629	336	10	to	to	PART
cblr-8629	336	11	which	which	DET
cblr-8629	336	12	performance	performance	NOUN
cblr-8629	336	13	of	of	ADP
cblr-8629	336	14	these	these	DET
cblr-8629	336	15	indexes	index	NOUN
cblr-8629	336	16	reflects	reflect	VERB
cblr-8629	336	17	firm	firm	ADJ
cblr-8629	336	18	characteristics	characteristic	NOUN
cblr-8629	336	19	that	that	PRON
cblr-8629	336	20	are	be	AUX
cblr-8629	336	21	independent	independent	ADJ
cblr-8629	336	22	of	of	ADP
cblr-8629	336	23	the	the	DET
cblr-8629	336	24	governance	governance	NOUN
cblr-8629	336	25	mechanism	mechanism	NOUN
cblr-8629	336	26	,	,	PUNCT
cblr-8629	336	27	but	but	CCONJ
cblr-8629	336	28	we	we	PRON
cblr-8629	336	29	see	see	VERB
cblr-8629	336	30	this	this	DET
cblr-8629	336	31	effect	effect	NOUN
cblr-8629	336	32	as	as	ADP
cblr-8629	336	33	a	a	DET
cblr-8629	336	34	valuable	valuable	ADJ
cblr-8629	336	35	feature	feature	NOUN
cblr-8629	336	36	of	of	ADP
cblr-8629	336	37	synthetic	synthetic	ADJ
cblr-8629	336	38	governance	governance	NOUN
cblr-8629	336	39	in	in	ADP
cblr-8629	336	40	that	that	DET
cblr-8629	336	41	synthetic	synthetic	ADJ
cblr-8629	336	42	governance	governance	NOUN
cblr-8629	336	43	will	will	AUX
cblr-8629	336	44	generate	generate	VERB
cblr-8629	336	45	not	not	PART
cblr-8629	336	46	just	just	ADV
cblr-8629	336	47	capital	capital	NOUN
cblr-8629	336	48	flows	flow	NOUN
cblr-8629	336	49	but	but	CCONJ
cblr-8629	336	50	also	also	ADV
cblr-8629	336	51	firmspecific	firmspecific	VERB
cblr-8629	336	52	governance	governance	NOUN
cblr-8629	336	53	reforms	reform	NOUN
cblr-8629	336	54	when	when	SCONJ
cblr-8629	336	55	the	the	DET
cblr-8629	336	56	market	market	NOUN
cblr-8629	336	57	demonstrates	demonstrate	VERB
cblr-8629	336	58	the	the	DET
cblr-8629	336	59	value	value	NOUN
cblr-8629	336	60	of	of	ADP
cblr-8629	336	61	particular	particular	ADJ
cblr-8629	336	62	governance	governance	NOUN
cblr-8629	336	63	mechanisms	mechanism	NOUN
cblr-8629	336	64	.	.	PUNCT
cblr-8629	337	1	given	give	VERB
cblr-8629	337	2	the	the	DET
cblr-8629	337	3	range	range	NOUN
cblr-8629	337	4	of	of	ADP
cblr-8629	337	5	indexes	index	NOUN
cblr-8629	337	6	and	and	CCONJ
cblr-8629	337	7	related	related	ADJ
cblr-8629	337	8	etfs	etfs	NOUN
cblr-8629	337	9	,	,	PUNCT
cblr-8629	337	10	it	it	PRON
cblr-8629	337	11	is	be	AUX
cblr-8629	337	12	apparent	apparent	ADJ
cblr-8629	337	13	that	that	SCONJ
cblr-8629	337	14	there	there	PRON
cblr-8629	337	15	is	be	VERB
cblr-8629	337	16	demand	demand	NOUN
cblr-8629	337	17	and	and	CCONJ
cblr-8629	337	18	a	a	DET
cblr-8629	337	19	market	market	NOUN
cblr-8629	337	20	structure	structure	NOUN
cblr-8629	337	21	to	to	PART
cblr-8629	337	22	support	support	VERB
cblr-8629	337	23	the	the	DET
cblr-8629	337	24	use	use	NOUN
cblr-8629	337	25	of	of	ADP
cblr-8629	337	26	bespoke	bespoke	NOUN
cblr-8629	337	27	indexes	index	NOUN
cblr-8629	337	28	to	to	PART
cblr-8629	337	29	implement	implement	VERB
cblr-8629	337	30	synthetic	synthetic	ADJ
cblr-8629	337	31	governance	governance	NOUN
cblr-8629	337	32	.	.	PUNCT
cblr-8629	338	1	mutual	mutual	ADJ
cblr-8629	338	2	funds	fund	NOUN
cblr-8629	338	3	structured	structure	VERB
cblr-8629	338	4	in	in	ADP
cblr-8629	338	5	accordance	accordance	NOUN
cblr-8629	338	6	with	with	ADP
cblr-8629	338	7	these	these	DET
cblr-8629	338	8	indexes	index	NOUN
cblr-8629	338	9	would	would	AUX
cblr-8629	338	10	allow	allow	VERB
cblr-8629	338	11	investors	investor	NOUN
cblr-8629	338	12	to	to	PART
cblr-8629	338	13	select	select	VERB
cblr-8629	338	14	for	for	ADP
cblr-8629	338	15	their	their	PRON
cblr-8629	338	16	preferred	preferred	ADJ
cblr-8629	338	17	governance	governance	NOUN
cblr-8629	338	18	characteristics	characteristic	NOUN
cblr-8629	338	19	.	.	PUNCT
cblr-8629	339	1	we	we	PRON
cblr-8629	339	2	theorize	theorize	VERB
cblr-8629	339	3	that	that	SCONJ
cblr-8629	339	4	fund	fund	NOUN
cblr-8629	339	5	flows	flow	VERB
cblr-8629	339	6	into	into	ADP
cblr-8629	339	7	governance	governance	NOUN
cblr-8629	339	8	mutual	mutual	ADJ
cblr-8629	339	9	funds	fund	NOUN
cblr-8629	339	10	would	would	AUX
cblr-8629	339	11	be	be	AUX
cblr-8629	339	12	based	base	VERB
cblr-8629	339	13	on	on	ADP
cblr-8629	339	14	the	the	DET
cblr-8629	339	15	characteristics	characteristic	NOUN
cblr-8629	339	16	that	that	PRON
cblr-8629	339	17	drive	drive	VERB
cblr-8629	339	18	fund	fund	NOUN
cblr-8629	339	19	flows	flow	NOUN
cblr-8629	339	20	elsewhere	elsewhere	ADV
cblr-8629	339	21	—	—	PUNCT
cblr-8629	339	22	mainly	mainly	ADV
cblr-8629	339	23	excess	excess	ADJ
cblr-8629	339	24	return	return	NOUN
cblr-8629	339	25	.	.	PUNCT
cblr-8629	340	1	in	in	ADP
cblr-8629	340	2	this	this	DET
cblr-8629	340	3	regard	regard	NOUN
cblr-8629	340	4	we	we	PRON
cblr-8629	340	5	do	do	AUX
cblr-8629	340	6	not	not	PART
cblr-8629	340	7	view	view	VERB
cblr-8629	340	8	a	a	DET
cblr-8629	340	9	governance	governance	NOUN
cblr-8629	340	10	index	index	NOUN
cblr-8629	340	11	as	as	ADP
cblr-8629	340	12	a	a	DET
cblr-8629	340	13	sector	sector	NOUN
cblr-8629	340	14	index	index	NOUN
cblr-8629	340	15	likely	likely	ADJ
cblr-8629	340	16	to	to	PART
cblr-8629	340	17	generate	generate	VERB
cblr-8629	340	18	idiosyncratic	idiosyncratic	ADJ
cblr-8629	340	19	or	or	CCONJ
cblr-8629	340	20	undiversified	undiversified	ADJ
cblr-8629	340	21	performance	performance	NOUN
cblr-8629	340	22	.	.	PUNCT
cblr-8629	341	1	a	a	DET
cblr-8629	341	2	governance	governance	NOUN
cblr-8629	341	3	index	index	NOUN
cblr-8629	341	4	would	would	AUX
cblr-8629	341	5	instead	instead	ADV
cblr-8629	341	6	operate	operate	VERB
cblr-8629	341	7	as	as	ADP
cblr-8629	341	8	a	a	DET
cblr-8629	341	9	general	general	ADJ
cblr-8629	341	10	market	market	NOUN
cblr-8629	341	11	index	index	NOUN
cblr-8629	341	12	akin	akin	ADJ
cblr-8629	341	13	to	to	ADP
cblr-8629	341	14	the	the	DET
cblr-8629	341	15	s&p	s&p	PROPN
cblr-8629	341	16	500	500	NUM
cblr-8629	341	17	or	or	CCONJ
cblr-8629	341	18	russell	russell	PROPN
cblr-8629	341	19	3000	3000	NUM
cblr-8629	341	20	.	.	PUNCT
cblr-8629	342	1	consequently	consequently	ADV
cblr-8629	342	2	,	,	PUNCT
cblr-8629	342	3	the	the	DET
cblr-8629	342	4	benchmark	benchmark	NOUN
cblr-8629	342	5	for	for	ADP
cblr-8629	342	6	such	such	DET
cblr-8629	342	7	an	an	DET
cblr-8629	342	8	index	index	NOUN
cblr-8629	342	9	would	would	AUX
cblr-8629	342	10	be	be	AUX
cblr-8629	342	11	these	these	DET
cblr-8629	342	12	broader	broad	ADJ
cblr-8629	342	13	market	market	NOUN
cblr-8629	342	14	indexes.84	indexes.84	NOUN
cblr-8629	342	15	the	the	DET
cblr-8629	342	16	development	development	NOUN
cblr-8629	342	17	of	of	ADP
cblr-8629	342	18	governance	governance	NOUN
cblr-8629	342	19	indexes	index	NOUN
cblr-8629	342	20	would	would	AUX
cblr-8629	342	21	allow	allow	VERB
cblr-8629	342	22	investors	investor	NOUN
cblr-8629	342	23	to	to	PART
cblr-8629	342	24	address	address	VERB
cblr-8629	342	25	the	the	DET
cblr-8629	342	26	selection	selection	NOUN
cblr-8629	342	27	and	and	CCONJ
cblr-8629	342	28	endogeneity	endogeneity	NOUN
cblr-8629	342	29	problems	problem	NOUN
cblr-8629	342	30	of	of	ADP
cblr-8629	342	31	empirical	empirical	ADJ
cblr-8629	342	32	studies	study	NOUN
cblr-8629	342	33	.	.	PUNCT
cblr-8629	343	1	a	a	DET
cblr-8629	343	2	firm	firm	NOUN
cblr-8629	343	3	’s	’s	PART
cblr-8629	343	4	governance	governance	NOUN
cblr-8629	343	5	provisions	provision	NOUN
cblr-8629	343	6	would	would	AUX
cblr-8629	343	7	be	be	AUX
cblr-8629	343	8	evaluated	evaluate	VERB
cblr-8629	343	9	by	by	ADP
cblr-8629	343	10	comparing	compare	VERB
cblr-8629	343	11	the	the	DET
cblr-8629	343	12	performance	performance	NOUN
cblr-8629	343	13	of	of	ADP
cblr-8629	343	14	the	the	DET
cblr-8629	343	15	governance	governance	NOUN
cblr-8629	343	16	fund	fund	NOUN
cblr-8629	343	17	to	to	ADP
cblr-8629	343	18	the	the	DET
cblr-8629	343	19	broader	broad	ADJ
cblr-8629	343	20	market	market	NOUN
cblr-8629	343	21	(	(	PUNCT
cblr-8629	343	22	or	or	CCONJ
cblr-8629	343	23	,	,	PUNCT
cblr-8629	343	24	in	in	ADP
cblr-8629	343	25	some	some	DET
cblr-8629	343	26	cases	case	NOUN
cblr-8629	343	27	,	,	PUNCT
cblr-8629	343	28	the	the	DET
cblr-8629	343	29	relevant	relevant	ADJ
cblr-8629	343	30	sector	sector	NOUN
cblr-8629	343	31	)	)	PUNCT
cblr-8629	343	32	.	.	PUNCT
cblr-8629	344	1	governance	governance	NOUN
cblr-8629	344	2	indexes	index	NOUN
cblr-8629	344	3	could	could	AUX
cblr-8629	344	4	include	include	VERB
cblr-8629	344	5	or	or	CCONJ
cblr-8629	344	6	exclude	exclude	VERB
cblr-8629	344	7	companies	company	NOUN
cblr-8629	344	8	based	base	VERB
cblr-8629	344	9	on	on	ADP
cblr-8629	344	10	their	their	PRON
cblr-8629	344	11	use	use	NOUN
cblr-8629	344	12	of	of	ADP
cblr-8629	344	13	one	one	NUM
cblr-8629	344	14	or	or	CCONJ
cblr-8629	344	15	multiple	multiple	ADJ
cblr-8629	344	16	governance	governance	NOUN
cblr-8629	344	17	provisions	provision	NOUN
cblr-8629	344	18	.	.	PUNCT
cblr-8629	345	1	in	in	ADP
cblr-8629	345	2	this	this	DET
cblr-8629	345	3	regard	regard	NOUN
cblr-8629	345	4	,	,	PUNCT
cblr-8629	345	5	synthetic	synthetic	ADJ
cblr-8629	345	6	governance	governance	NOUN
cblr-8629	345	7	is	be	AUX
cblr-8629	345	8	no	no	ADV
cblr-8629	345	9	different	different	ADJ
cblr-8629	345	10	than	than	ADP
cblr-8629	345	11	any	any	DET
cblr-8629	345	12	index	index	NOUN
cblr-8629	345	13	—	—	PUNCT
cblr-8629	345	14	it	it	PRON
cblr-8629	345	15	implements	implement	VERB
cblr-8629	345	16	a	a	DET
cblr-8629	345	17	rule	rule	NOUN
cblr-8629	345	18	-	-	PUNCT
cblr-8629	345	19	based	base	VERB
cblr-8629	345	20	approach	approach	NOUN
cblr-8629	345	21	to	to	ADP
cblr-8629	345	22	stock	stock	NOUN
cblr-8629	345	23	selection	selection	NOUN
cblr-8629	345	24	,	,	PUNCT
cblr-8629	345	25	with	with	ADP
cblr-8629	345	26	specific	specific	ADJ
cblr-8629	345	27	governance	governance	NOUN
cblr-8629	345	28	provisions	provision	NOUN
cblr-8629	345	29	constituting	constitute	VERB
cblr-8629	345	30	the	the	DET
cblr-8629	345	31	applicable	applicable	ADJ
cblr-8629	345	32	rules	rule	NOUN
cblr-8629	345	33	.	.	PUNCT
cblr-8629	346	1	by	by	ADP
cblr-8629	346	2	providing	provide	VERB
cblr-8629	346	3	a	a	DET
cblr-8629	346	4	simple	simple	ADJ
cblr-8629	346	5	and	and	CCONJ
cblr-8629	346	6	low	low	ADJ
cblr-8629	346	7	-	-	PUNCT
cblr-8629	346	8	cost	cost	NOUN
cblr-8629	346	9	investment	investment	NOUN
cblr-8629	346	10	strategy	strategy	NOUN
cblr-8629	346	11	based	base	VERB
cblr-8629	346	12	on	on	ADP
cblr-8629	346	13	governance	governance	NOUN
cblr-8629	346	14	provisions	provision	NOUN
cblr-8629	346	15	,	,	PUNCT
cblr-8629	346	16	84	84	NUM
cblr-8629	346	17	we	we	PRON
cblr-8629	346	18	note	note	VERB
cblr-8629	346	19	that	that	SCONJ
cblr-8629	346	20	this	this	DET
cblr-8629	346	21	proposition	proposition	NOUN
cblr-8629	346	22	would	would	AUX
cblr-8629	346	23	not	not	PART
cblr-8629	346	24	hold	hold	VERB
cblr-8629	346	25	to	to	ADP
cblr-8629	346	26	the	the	DET
cblr-8629	346	27	extent	extent	NOUN
cblr-8629	346	28	that	that	SCONJ
cblr-8629	346	29	particular	particular	ADJ
cblr-8629	346	30	governance	governance	NOUN
cblr-8629	346	31	provisions	provision	NOUN
cblr-8629	346	32	are	be	AUX
cblr-8629	346	33	disproportionately	disproportionately	ADV
cblr-8629	346	34	associated	associate	VERB
cblr-8629	346	35	with	with	ADP
cblr-8629	346	36	a	a	DET
cblr-8629	346	37	particular	particular	ADJ
cblr-8629	346	38	industry	industry	NOUN
cblr-8629	346	39	sector	sector	NOUN
cblr-8629	346	40	.	.	PUNCT
cblr-8629	347	1	ahn	ahn	PROPN
cblr-8629	347	2	et	et	PROPN
cblr-8629	347	3	al	al	PROPN
cblr-8629	347	4	.	.	PROPN
cblr-8629	348	1	8/20/2021	8/20/2021	NUM
cblr-8629	348	2	6:14	6:14	NUM
cblr-8629	348	3	pm	pm	NOUN
cblr-8629	348	4	no	no	NOUN
cblr-8629	348	5	.	.	PUNCT
cblr-8629	349	1	2:476	2:476	NUM
cblr-8629	349	2	]	]	X
cblr-8629	349	3	synthetic	synthetic	ADJ
cblr-8629	349	4	governance	governance	NOUN
cblr-8629	349	5	499	499	NUM
cblr-8629	349	6	synthetic	synthetic	ADJ
cblr-8629	349	7	governance	governance	NOUN
cblr-8629	349	8	will	will	AUX
cblr-8629	349	9	allow	allow	VERB
cblr-8629	349	10	capital	capital	NOUN
cblr-8629	349	11	flows	flow	NOUN
cblr-8629	349	12	to	to	PART
cblr-8629	349	13	select	select	VERB
cblr-8629	349	14	which	which	DET
cblr-8629	349	15	governance	governance	NOUN
cblr-8629	349	16	features	feature	NOUN
cblr-8629	349	17	are	be	AUX
cblr-8629	349	18	value	value	NOUN
cblr-8629	349	19	-	-	PUNCT
cblr-8629	349	20	increasing	increase	VERB
cblr-8629	349	21	.	.	PUNCT
cblr-8629	350	1	as	as	ADP
cblr-8629	350	2	such	such	ADJ
cblr-8629	350	3	,	,	PUNCT
cblr-8629	350	4	it	it	PRON
cblr-8629	350	5	is	be	AUX
cblr-8629	350	6	a	a	DET
cblr-8629	350	7	market	market	NOUN
cblr-8629	350	8	-	-	PUNCT
cblr-8629	350	9	based	base	VERB
cblr-8629	350	10	alternative	alternative	NOUN
cblr-8629	350	11	to	to	ADP
cblr-8629	350	12	regulation	regulation	NOUN
cblr-8629	350	13	—	—	PUNCT
cblr-8629	350	14	a	a	DET
cblr-8629	350	15	tool	tool	NOUN
cblr-8629	350	16	for	for	ADP
cblr-8629	350	17	enhancing	enhance	VERB
cblr-8629	350	18	the	the	DET
cblr-8629	350	19	market	market	NOUN
cblr-8629	350	20	discipline	discipline	NOUN
cblr-8629	350	21	of	of	ADP
cblr-8629	350	22	firm	firm	ADJ
cblr-8629	350	23	-	-	PUNCT
cblr-8629	350	24	specific	specific	ADJ
cblr-8629	350	25	governance	governance	NOUN
cblr-8629	350	26	choices	choice	NOUN
cblr-8629	350	27	.	.	PUNCT
cblr-8629	351	1	two	two	NUM
cblr-8629	351	2	of	of	ADP
cblr-8629	351	3	us	we	PRON
cblr-8629	351	4	have	have	AUX
cblr-8629	351	5	theorized	theorize	VERB
cblr-8629	351	6	that	that	SCONJ
cblr-8629	351	7	index	index	NOUN
cblr-8629	351	8	fund	fund	NOUN
cblr-8629	351	9	engagement	engagement	NOUN
cblr-8629	351	10	can	can	AUX
cblr-8629	351	11	ameliorate	ameliorate	VERB
cblr-8629	351	12	systemic	systemic	ADJ
cblr-8629	351	13	risk	risk	NOUN
cblr-8629	351	14	issues.85	issues.85	NOUN
cblr-8629	351	15	to	to	ADP
cblr-8629	351	16	the	the	DET
cblr-8629	351	17	extent	extent	NOUN
cblr-8629	351	18	this	this	DET
cblr-8629	351	19	theory	theory	NOUN
cblr-8629	351	20	is	be	AUX
cblr-8629	351	21	true	true	ADJ
cblr-8629	351	22	,	,	PUNCT
cblr-8629	351	23	a	a	DET
cblr-8629	351	24	bespoke	bespoke	NOUN
cblr-8629	351	25	governance	governance	NOUN
cblr-8629	351	26	etf	etf	NOUN
cblr-8629	351	27	may	may	AUX
cblr-8629	351	28	also	also	ADV
cblr-8629	351	29	draw	draw	VERB
cblr-8629	351	30	capital	capital	NOUN
cblr-8629	351	31	looking	look	VERB
cblr-8629	351	32	to	to	PART
cblr-8629	351	33	hedge	hedge	VERB
cblr-8629	351	34	against	against	ADP
cblr-8629	351	35	the	the	DET
cblr-8629	351	36	systemic	systemic	ADJ
cblr-8629	351	37	risks	risk	NOUN
cblr-8629	351	38	addressed	address	VERB
cblr-8629	351	39	by	by	ADP
cblr-8629	351	40	specific	specific	ADJ
cblr-8629	351	41	governance	governance	NOUN
cblr-8629	351	42	provisions	provision	NOUN
cblr-8629	351	43	.	.	PUNCT
cblr-8629	352	1	as	as	ADP
cblr-8629	352	2	a	a	DET
cblr-8629	352	3	result	result	NOUN
cblr-8629	352	4	,	,	PUNCT
cblr-8629	352	5	certain	certain	ADJ
cblr-8629	352	6	governance	governance	NOUN
cblr-8629	352	7	index	index	NOUN
cblr-8629	352	8	strategies	strategy	NOUN
cblr-8629	352	9	may	may	AUX
cblr-8629	352	10	attract	attract	VERB
cblr-8629	352	11	capital	capital	NOUN
cblr-8629	352	12	even	even	ADV
cblr-8629	352	13	if	if	SCONJ
cblr-8629	352	14	they	they	PRON
cblr-8629	352	15	lag	lag	VERB
cblr-8629	352	16	the	the	DET
cblr-8629	352	17	s&p	s&p	PROPN
cblr-8629	352	18	500	500	NUM
cblr-8629	352	19	or	or	CCONJ
cblr-8629	352	20	other	other	ADJ
cblr-8629	352	21	major	major	ADJ
cblr-8629	352	22	indexes	index	NOUN
cblr-8629	352	23	.	.	PUNCT
cblr-8629	353	1	b.	b.	PROPN
cblr-8629	353	2	the	the	DET
cblr-8629	353	3	dual	dual	ADJ
cblr-8629	353	4	class	class	NOUN
cblr-8629	353	5	controversy	controversy	NOUN
cblr-8629	353	6	few	few	ADJ
cblr-8629	353	7	governance	governance	NOUN
cblr-8629	353	8	provisions	provision	NOUN
cblr-8629	353	9	have	have	AUX
cblr-8629	353	10	generated	generate	VERB
cblr-8629	353	11	as	as	ADV
cblr-8629	353	12	much	much	ADJ
cblr-8629	353	13	controversy	controversy	NOUN
cblr-8629	353	14	as	as	ADP
cblr-8629	353	15	dual	dual	ADJ
cblr-8629	353	16	class	class	NOUN
cblr-8629	353	17	voting	voting	NOUN
cblr-8629	353	18	structures	structure	NOUN
cblr-8629	353	19	.	.	PUNCT
cblr-8629	354	1	in	in	ADP
cblr-8629	354	2	a	a	DET
cblr-8629	354	3	company	company	NOUN
cblr-8629	354	4	with	with	ADP
cblr-8629	354	5	dual	dual	ADJ
cblr-8629	354	6	class	class	NOUN
cblr-8629	354	7	stock	stock	NOUN
cblr-8629	354	8	,	,	PUNCT
cblr-8629	354	9	all	all	DET
cblr-8629	354	10	the	the	DET
cblr-8629	354	11	shares	share	NOUN
cblr-8629	354	12	of	of	ADP
cblr-8629	354	13	common	common	ADJ
cblr-8629	354	14	stock	stock	NOUN
cblr-8629	354	15	have	have	VERB
cblr-8629	354	16	equal	equal	ADJ
cblr-8629	354	17	economic	economic	ADJ
cblr-8629	354	18	rights	right	NOUN
cblr-8629	354	19	,	,	PUNCT
cblr-8629	354	20	but	but	CCONJ
cblr-8629	354	21	some	some	DET
cblr-8629	354	22	shares	share	NOUN
cblr-8629	354	23	,	,	PUNCT
cblr-8629	354	24	termed	term	VERB
cblr-8629	354	25	high	high	ADJ
cblr-8629	354	26	-	-	PUNCT
cblr-8629	354	27	vote	vote	NOUN
cblr-8629	354	28	shares	share	NOUN
cblr-8629	354	29	,	,	PUNCT
cblr-8629	354	30	have	have	VERB
cblr-8629	354	31	more	more	ADJ
cblr-8629	354	32	voting	voting	NOUN
cblr-8629	354	33	rights	right	NOUN
cblr-8629	354	34	than	than	ADP
cblr-8629	354	35	the	the	DET
cblr-8629	354	36	others	other	NOUN
cblr-8629	354	37	,	,	PUNCT
cblr-8629	354	38	which	which	PRON
cblr-8629	354	39	are	be	AUX
cblr-8629	354	40	termed	term	VERB
cblr-8629	354	41	low	low	ADJ
cblr-8629	354	42	-	-	PUNCT
cblr-8629	354	43	vote	vote	NOUN
cblr-8629	354	44	shares.86	shares.86	ADP
cblr-8629	354	45	the	the	DET
cblr-8629	354	46	typical	typical	ADJ
cblr-8629	354	47	ratio	ratio	NOUN
cblr-8629	354	48	is	be	AUX
cblr-8629	354	49	ten	ten	NUM
cblr-8629	354	50	votes	vote	NOUN
cblr-8629	354	51	to	to	ADP
cblr-8629	354	52	one,87	one,87	NOUN
cblr-8629	354	53	although	although	SCONJ
cblr-8629	354	54	in	in	ADP
cblr-8629	354	55	the	the	DET
cblr-8629	354	56	extreme	extreme	ADJ
cblr-8629	354	57	case	case	NOUN
cblr-8629	354	58	,	,	PUNCT
cblr-8629	354	59	exemplified	exemplify	VERB
cblr-8629	354	60	by	by	ADP
cblr-8629	354	61	snap	snap	NOUN
cblr-8629	354	62	,	,	PUNCT
cblr-8629	354	63	the	the	DET
cblr-8629	354	64	shares	share	NOUN
cblr-8629	354	65	sold	sell	VERB
cblr-8629	354	66	to	to	ADP
cblr-8629	354	67	public	public	ADJ
cblr-8629	354	68	shareholders	shareholder	NOUN
cblr-8629	354	69	have	have	VERB
cblr-8629	354	70	no	no	DET
cblr-8629	354	71	voting	voting	NOUN
cblr-8629	354	72	rights	right	NOUN
cblr-8629	354	73	at	at	ADP
cblr-8629	354	74	all.88	all.88	PROPN
cblr-8629	354	75	founders	founder	NOUN
cblr-8629	354	76	and	and	CCONJ
cblr-8629	354	77	,	,	PUNCT
cblr-8629	354	78	sometimes	sometimes	ADV
cblr-8629	354	79	,	,	PUNCT
cblr-8629	354	80	other	other	ADJ
cblr-8629	354	81	early	early	ADJ
cblr-8629	354	82	stage	stage	NOUN
cblr-8629	354	83	investors	investor	NOUN
cblr-8629	354	84	85	85	NUM
cblr-8629	354	85	see	see	VERB
cblr-8629	354	86	fisch	fisch	PROPN
cblr-8629	354	87	et	et	PROPN
cblr-8629	354	88	al	al	PROPN
cblr-8629	354	89	.	.	PROPN
cblr-8629	354	90	,	,	PUNCT
cblr-8629	354	91	supra	supra	PROPN
cblr-8629	354	92	note	note	PROPN
cblr-8629	354	93	7	7	NUM
cblr-8629	354	94	,	,	PUNCT
cblr-8629	354	95	at	at	ADP
cblr-8629	354	96	25–26	25–26	NUM
cblr-8629	354	97	.	.	PUNCT
cblr-8629	355	1	86	86	NUM
cblr-8629	355	2	see	see	VERB
cblr-8629	355	3	fisch	fisch	PROPN
cblr-8629	355	4	&	&	CCONJ
cblr-8629	355	5	solomon	solomon	PROPN
cblr-8629	355	6	,	,	PUNCT
cblr-8629	355	7	supra	supra	PROPN
cblr-8629	355	8	note	note	PROPN
cblr-8629	355	9	38	38	NUM
cblr-8629	355	10	,	,	PUNCT
cblr-8629	355	11	at	at	ADP
cblr-8629	355	12	1064	1064	NUM
cblr-8629	355	13	(	(	PUNCT
cblr-8629	355	14	“	"	PUNCT
cblr-8629	355	15	dual	dual	ADJ
cblr-8629	355	16	class	class	NOUN
cblr-8629	355	17	stock	stock	NOUN
cblr-8629	355	18	refers	refer	VERB
cblr-8629	355	19	to	to	ADP
cblr-8629	355	20	a	a	DET
cblr-8629	355	21	capital	capital	NOUN
cblr-8629	355	22	structure	structure	NOUN
cblr-8629	355	23	in	in	ADP
cblr-8629	355	24	which	which	PRON
cblr-8629	355	25	shares	share	NOUN
cblr-8629	355	26	of	of	ADP
cblr-8629	355	27	an	an	DET
cblr-8629	355	28	issuer	issuer	NOUN
cblr-8629	355	29	’s	’s	PART
cblr-8629	355	30	common	common	ADJ
cblr-8629	355	31	stock	stock	NOUN
cblr-8629	355	32	with	with	ADP
cblr-8629	355	33	equal	equal	ADJ
cblr-8629	355	34	economic	economic	ADJ
cblr-8629	355	35	rights	right	NOUN
cblr-8629	355	36	differ	differ	VERB
cblr-8629	355	37	with	with	ADP
cblr-8629	355	38	respect	respect	NOUN
cblr-8629	355	39	to	to	ADP
cblr-8629	355	40	their	their	PRON
cblr-8629	355	41	relative	relative	ADJ
cblr-8629	355	42	voting	voting	NOUN
cblr-8629	355	43	power	power	NOUN
cblr-8629	355	44	.	.	PUNCT
cblr-8629	356	1	the	the	DET
cblr-8629	356	2	common	common	ADJ
cblr-8629	356	3	stock	stock	NOUN
cblr-8629	356	4	in	in	ADP
cblr-8629	356	5	a	a	DET
cblr-8629	356	6	dual	dual	ADJ
cblr-8629	356	7	class	class	NOUN
cblr-8629	356	8	company	company	NOUN
cblr-8629	356	9	is	be	AUX
cblr-8629	356	10	divided	divide	VERB
cblr-8629	356	11	into	into	ADP
cblr-8629	356	12	two	two	NUM
cblr-8629	356	13	or	or	CCONJ
cblr-8629	356	14	more	more	ADJ
cblr-8629	356	15	classes	class	NOUN
cblr-8629	356	16	,	,	PUNCT
cblr-8629	356	17	in	in	ADP
cblr-8629	356	18	which	which	PRON
cblr-8629	356	19	the	the	DET
cblr-8629	356	20	shares	share	NOUN
cblr-8629	356	21	with	with	ADP
cblr-8629	356	22	more	more	ADJ
cblr-8629	356	23	voting	voting	NOUN
cblr-8629	356	24	power	power	NOUN
cblr-8629	356	25	are	be	AUX
cblr-8629	356	26	typically	typically	ADV
cblr-8629	356	27	described	describe	VERB
cblr-8629	356	28	as	as	ADP
cblr-8629	356	29	high	high	ADJ
cblr-8629	356	30	vote	vote	NOUN
cblr-8629	356	31	stock	stock	NOUN
cblr-8629	356	32	,	,	PUNCT
cblr-8629	356	33	and	and	CCONJ
cblr-8629	356	34	the	the	DET
cblr-8629	356	35	shares	share	NOUN
cblr-8629	356	36	with	with	ADP
cblr-8629	356	37	less	less	ADJ
cblr-8629	356	38	voting	voting	NOUN
cblr-8629	356	39	power	power	NOUN
cblr-8629	356	40	are	be	AUX
cblr-8629	356	41	described	describe	VERB
cblr-8629	356	42	as	as	ADP
cblr-8629	356	43	low	low	ADJ
cblr-8629	356	44	vote	vote	NOUN
cblr-8629	356	45	stock	stock	NOUN
cblr-8629	356	46	.	.	PUNCT
cblr-8629	356	47	”	"	PUNCT
cblr-8629	357	1	(	(	PUNCT
cblr-8629	357	2	footnote	footnote	NOUN
cblr-8629	357	3	omitted	omit	VERB
cblr-8629	357	4	)	)	PUNCT
cblr-8629	357	5	)	)	PUNCT
cblr-8629	357	6	.	.	PUNCT
cblr-8629	358	1	87	87	NUM
cblr-8629	358	2	see	see	VERB
cblr-8629	358	3	council	council	PROPN
cblr-8629	358	4	of	of	ADP
cblr-8629	358	5	inst	inst	PROPN
cblr-8629	358	6	.	.	PUNCT
cblr-8629	359	1	invs	invs	PROPN
cblr-8629	359	2	.	.	PROPN
cblr-8629	359	3	,	,	PUNCT
cblr-8629	359	4	dual	dual	ADJ
cblr-8629	359	5	-	-	PUNCT
cblr-8629	359	6	class	class	NOUN
cblr-8629	359	7	stock	stock	NOUN
cblr-8629	359	8	,	,	PUNCT
cblr-8629	359	9	https://www.cii	https://www.cii	ADJ
cblr-8629	359	10	.org	.org	PUNCT
cblr-8629	359	11	/	/	SYM
cblr-8629	360	1	dualclass_stock	dualclass_stock	VERB
cblr-8629	360	2	[	[	X
cblr-8629	360	3	https://perma.cc/fd78-lctu	https://perma.cc/fd78-lctu	X
cblr-8629	360	4	]	]	X
cblr-8629	360	5	(	(	PUNCT
cblr-8629	360	6	last	last	ADJ
cblr-8629	360	7	visited	visit	VERB
cblr-8629	360	8	may	may	AUX
cblr-8629	360	9	31	31	NUM
cblr-8629	360	10	,	,	PUNCT
cblr-8629	360	11	2021	2021	NUM
cblr-8629	360	12	)	)	PUNCT
cblr-8629	360	13	(	(	PUNCT
cblr-8629	360	14	“	"	PUNCT
cblr-8629	360	15	the	the	DET
cblr-8629	360	16	per	per	ADP
cblr-8629	360	17	-	-	PUNCT
cblr-8629	360	18	share	share	NOUN
cblr-8629	360	19	voting	voting	NOUN
cblr-8629	360	20	power	power	NOUN
cblr-8629	360	21	disparity	disparity	NOUN
cblr-8629	360	22	most	most	ADV
cblr-8629	360	23	typically	typically	ADV
cblr-8629	360	24	employed	employ	VERB
cblr-8629	360	25	is	be	AUX
cblr-8629	360	26	10/1	10/1	NUM
cblr-8629	360	27	[	[	NOUN
cblr-8629	360	28	.	.	X
cblr-8629	360	29	]	]	X
cblr-8629	360	30	”	"	PUNCT
cblr-8629	360	31	)	)	PUNCT
cblr-8629	360	32	.	.	PUNCT
cblr-8629	361	1	88	88	NUM
cblr-8629	361	2	see	see	VERB
cblr-8629	361	3	eleanor	eleanor	PROPN
cblr-8629	361	4	bloxham	bloxham	PROPN
cblr-8629	361	5	,	,	PUNCT
cblr-8629	361	6	snap	snap	VERB
cblr-8629	361	7	should	should	AUX
cblr-8629	361	8	n’t	not	PART
cblr-8629	361	9	have	have	AUX
cblr-8629	361	10	been	be	AUX
cblr-8629	361	11	allowed	allow	VERB
cblr-8629	361	12	to	to	PART
cblr-8629	361	13	go	go	VERB
cblr-8629	361	14	public	public	ADJ
cblr-8629	361	15	without	without	ADP
cblr-8629	361	16	voting	vote	VERB
cblr-8629	361	17	rights	right	NOUN
cblr-8629	361	18	,	,	PUNCT
cblr-8629	361	19	fortune	fortune	NOUN
cblr-8629	361	20	(	(	PUNCT
cblr-8629	361	21	mar	mar	PROPN
cblr-8629	361	22	.	.	PROPN
cblr-8629	361	23	3	3	NUM
cblr-8629	361	24	,	,	PUNCT
cblr-8629	361	25	2017	2017	NUM
cblr-8629	361	26	,	,	PUNCT
cblr-8629	361	27	3:18	3:18	NUM
cblr-8629	361	28	pm	pm	NOUN
cblr-8629	361	29	)	)	PUNCT
cblr-8629	361	30	,	,	PUNCT
cblr-8629	361	31	http://fortune.com/2017/03/03/snap-ipo-non-voting-stock/	http://fortune.com/2017/03/03/snap-ipo-non-voting-stock/	PROPN
cblr-8629	362	1	[	[	X
cblr-8629	362	2	https://perma.cc/9lfu-fyyv	https://perma.cc/9lfu-fyyv	X
cblr-8629	362	3	]	]	X
cblr-8629	362	4	(	(	PUNCT
cblr-8629	362	5	explaining	explain	VERB
cblr-8629	362	6	that	that	SCONJ
cblr-8629	362	7	,	,	PUNCT
cblr-8629	362	8	“	"	PUNCT
cblr-8629	362	9	[	[	X
cblr-8629	362	10	a]t	a]t	ADJ
cblr-8629	362	11	snap	snap	NOUN
cblr-8629	362	12	(	(	PUNCT
cblr-8629	362	13	snap	snap	PROPN
cblr-8629	362	14	)	)	PUNCT
cblr-8629	362	15	,	,	PUNCT
cblr-8629	362	16	only	only	ADV
cblr-8629	362	17	pre	pre	ADJ
cblr-8629	362	18	-	-	ADJ
cblr-8629	362	19	ipo	ipo	ADJ
cblr-8629	362	20	investors	investor	NOUN
cblr-8629	362	21	who	who	PRON
cblr-8629	362	22	own	own	VERB
cblr-8629	362	23	private	private	ADJ
cblr-8629	362	24	shares	share	NOUN
cblr-8629	362	25	will	will	AUX
cblr-8629	362	26	be	be	AUX
cblr-8629	362	27	able	able	ADJ
cblr-8629	362	28	to	to	PART
cblr-8629	362	29	vote	vote	VERB
cblr-8629	362	30	on	on	ADP
cblr-8629	362	31	company	company	NOUN
cblr-8629	362	32	matters	matter	NOUN
cblr-8629	362	33	”	"	PUNCT
cblr-8629	362	34	)	)	PUNCT
cblr-8629	362	35	.	.	PUNCT
cblr-8629	363	1	ahn	ahn	PROPN
cblr-8629	363	2	et	et	PROPN
cblr-8629	363	3	al	al	PROPN
cblr-8629	363	4	.	.	PROPN
cblr-8629	364	1	8/20/2021	8/20/2021	NUM
cblr-8629	364	2	6:14	6:14	NUM
cblr-8629	364	3	pm	pm	PROPN
cblr-8629	364	4	500	500	NUM
cblr-8629	364	5	columbia	columbia	PROPN
cblr-8629	364	6	business	business	NOUN
cblr-8629	364	7	law	law	PROPN
cblr-8629	364	8	review	review	NOUN
cblr-8629	364	9	[	[	X
cblr-8629	364	10	vol	vol	NOUN
cblr-8629	364	11	.	.	PUNCT
cblr-8629	364	12	2021	2021	NUM
cblr-8629	364	13	typically	typically	ADV
cblr-8629	364	14	hold	hold	VERB
cblr-8629	364	15	high	high	ADJ
cblr-8629	364	16	-	-	PUNCT
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cblr-8629	364	18	shares	share	NOUN
cblr-8629	364	19	,	,	PUNCT
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cblr-8629	364	21	low	low	ADJ
cblr-8629	364	22	-	-	PUNCT
cblr-8629	364	23	vote	vote	NOUN
cblr-8629	364	24	shares	share	NOUN
cblr-8629	364	25	are	be	AUX
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cblr-8629	364	27	to	to	ADP
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cblr-8629	364	31	class	class	NOUN
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cblr-8629	364	33	thus	thus	ADV
cblr-8629	364	34	enables	enable	VERB
cblr-8629	364	35	a	a	DET
cblr-8629	364	36	founder	founder	NOUN
cblr-8629	364	37	to	to	PART
cblr-8629	364	38	retain	retain	VERB
cblr-8629	364	39	control	control	NOUN
cblr-8629	364	40	while	while	SCONJ
cblr-8629	364	41	holding	hold	VERB
cblr-8629	364	42	an	an	DET
cblr-8629	364	43	investment	investment	NOUN
cblr-8629	364	44	that	that	PRON
cblr-8629	364	45	reflects	reflect	VERB
cblr-8629	364	46	less	less	ADJ
cblr-8629	364	47	than	than	ADP
cblr-8629	364	48	a	a	DET
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cblr-8629	364	50	of	of	ADP
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cblr-8629	364	53	’s	’s	PART
cblr-8629	364	54	economic	economic	ADJ
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cblr-8629	364	56	in	in	ADP
cblr-8629	364	57	some	some	DET
cblr-8629	364	58	cases	case	NOUN
cblr-8629	364	59	the	the	DET
cblr-8629	364	60	divergence	divergence	NOUN
cblr-8629	364	61	can	can	AUX
cblr-8629	364	62	be	be	AUX
cblr-8629	364	63	stark	stark	ADJ
cblr-8629	364	64	,	,	PUNCT
cblr-8629	364	65	with	with	ADP
cblr-8629	364	66	the	the	DET
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cblr-8629	364	68	or	or	CCONJ
cblr-8629	364	69	other	other	ADJ
cblr-8629	364	70	controllers	controller	NOUN
cblr-8629	364	71	maintaining	maintain	VERB
cblr-8629	364	72	control	control	NOUN
cblr-8629	364	73	of	of	ADP
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cblr-8629	364	75	company	company	NOUN
cblr-8629	364	76	with	with	ADP
cblr-8629	364	77	ten	ten	NUM
cblr-8629	364	78	percent	percent	NOUN
cblr-8629	364	79	or	or	CCONJ
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cblr-8629	364	81	of	of	ADP
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cblr-8629	364	83	economic	economic	ADJ
cblr-8629	364	84	value.91	value.91	NOUN
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cblr-8629	364	88	structures	structure	NOUN
cblr-8629	364	89	have	have	AUX
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cblr-8629	364	91	for	for	ADP
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cblr-8629	364	93	,	,	PUNCT
cblr-8629	364	94	and	and	CCONJ
cblr-8629	364	95	firms	firm	NOUN
cblr-8629	364	96	using	use	VERB
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cblr-8629	364	98	class	class	NOUN
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cblr-8629	364	100	historically	historically	ADV
cblr-8629	364	101	tended	tend	VERB
cblr-8629	364	102	to	to	PART
cblr-8629	364	103	be	be	AUX
cblr-8629	364	104	media	medium	NOUN
cblr-8629	364	105	companies	company	NOUN
cblr-8629	364	106	,	,	PUNCT
cblr-8629	364	107	family	family	NOUN
cblr-8629	364	108	businesses	business	NOUN
cblr-8629	364	109	,	,	PUNCT
cblr-8629	364	110	and	and	CCONJ
cblr-8629	365	1	insider	insider	NOUN
cblr-8629	365	2	-	-	PUNCT
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cblr-8629	365	4	businesses.92	businesses.92	PROPN
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cblr-8629	365	6	motor	motor	PROPN
cblr-8629	365	7	company	company	PROPN
cblr-8629	365	8	used	use	VERB
cblr-8629	365	9	a	a	DET
cblr-8629	365	10	dual	dual	ADJ
cblr-8629	365	11	class	class	NOUN
cblr-8629	365	12	structure	structure	NOUN
cblr-8629	365	13	in	in	ADP
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cblr-8629	365	15	1956	1956	NUM
cblr-8629	365	16	ipo	ipo	NOUN
cblr-8629	365	17	to	to	PART
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cblr-8629	365	20	of	of	ADP
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cblr-8629	365	22	company	company	NOUN
cblr-8629	365	23	within	within	ADP
cblr-8629	365	24	the	the	DET
cblr-8629	365	25	ford	ford	PROPN
cblr-8629	365	26	family.93	family.93	PROPN
cblr-8629	365	27	the	the	DET
cblr-8629	365	28	new	new	PROPN
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cblr-8629	365	32	a	a	DET
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cblr-8629	365	34	class	class	NOUN
cblr-8629	365	35	89	89	NUM
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cblr-8629	365	37	ken	ken	PROPN
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cblr-8629	365	39	,	,	PUNCT
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cblr-8629	365	44	of	of	ADP
cblr-8629	365	45	no	no	DET
cblr-8629	365	46	-	-	PUNCT
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cblr-8629	365	48	common	common	ADJ
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cblr-8629	365	50	,	,	PUNCT
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cblr-8629	365	52	.	.	PUNCT
cblr-8629	366	1	l.	l.	PROPN
cblr-8629	366	2	sch	sch	PROPN
cblr-8629	366	3	.	.	PUNCT
cblr-8629	367	1	f.	f.	PROPN
cblr-8629	367	2	on	on	ADP
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cblr-8629	367	4	.	.	PROPN
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cblr-8629	367	6	(	(	PUNCT
cblr-8629	367	7	may	may	PROPN
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cblr-8629	367	9	,	,	PUNCT
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cblr-8629	369	8	-	-	PUNCT
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cblr-8629	369	15	zero	zero	NUM
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cblr-8629	370	34	:	:	PUNCT
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cblr-8629	370	42	,	,	PUNCT
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cblr-8629	383	7	were	be	AUX
cblr-8629	383	8	family	family	NOUN
cblr-8629	383	9	businesses	business	NOUN
cblr-8629	383	10	,	,	PUNCT
cblr-8629	383	11	media	medium	NOUN
cblr-8629	383	12	companies	company	NOUN
cblr-8629	383	13	seeking	seek	VERB
cblr-8629	383	14	to	to	PART
cblr-8629	383	15	ensure	ensure	VERB
cblr-8629	383	16	their	their	PRON
cblr-8629	383	17	publications	publication	NOUN
cblr-8629	383	18	could	could	AUX
cblr-8629	383	19	maintain	maintain	VERB
cblr-8629	383	20	journalistic	journalistic	ADJ
cblr-8629	383	21	editorial	editorial	ADJ
cblr-8629	383	22	independence	independence	NOUN
cblr-8629	383	23	,	,	PUNCT
cblr-8629	383	24	or	or	CCONJ
cblr-8629	383	25	other	other	ADJ
cblr-8629	383	26	companies	company	NOUN
cblr-8629	383	27	led	lead	VERB
cblr-8629	383	28	by	by	ADP
cblr-8629	383	29	a	a	DET
cblr-8629	383	30	strong	strong	ADJ
cblr-8629	383	31	group	group	NOUN
cblr-8629	383	32	of	of	ADP
cblr-8629	383	33	insiders	insider	NOUN
cblr-8629	383	34	”	"	PUNCT
cblr-8629	383	35	)	)	PUNCT
cblr-8629	383	36	.	.	PUNCT
cblr-8629	384	1	93	93	NUM
cblr-8629	384	2	see	see	VERB
cblr-8629	384	3	j.a	j.a	PROPN
cblr-8629	384	4	.	.	PROPN
cblr-8629	384	5	livingston	livingston	PROPN
cblr-8629	384	6	,	,	PUNCT
cblr-8629	384	7	the	the	DET
cblr-8629	384	8	american	american	ADJ
cblr-8629	384	9	stockholder	stockholder	NOUN
cblr-8629	384	10	166–77	166–77	PROPN
cblr-8629	384	11	(	(	PUNCT
cblr-8629	384	12	j.b	j.b	PROPN
cblr-8629	384	13	.	.	PUNCT
cblr-8629	384	14	lippincott	lippincott	PROPN
cblr-8629	384	15	co.	co.	PROPN
cblr-8629	384	16	1958	1958	NUM
cblr-8629	384	17	)	)	PUNCT
cblr-8629	384	18	(	(	PUNCT
cblr-8629	384	19	detailing	detail	VERB
cblr-8629	384	20	the	the	DET
cblr-8629	384	21	background	background	NOUN
cblr-8629	384	22	to	to	ADP
cblr-8629	384	23	the	the	DET
cblr-8629	384	24	ipo	ipo	PROPN
cblr-8629	384	25	of	of	ADP
cblr-8629	384	26	ford	ford	PROPN
cblr-8629	384	27	motor	motor	PROPN
cblr-8629	384	28	company	company	PROPN
cblr-8629	384	29	and	and	CCONJ
cblr-8629	384	30	its	its	PRON
cblr-8629	384	31	use	use	NOUN
cblr-8629	384	32	of	of	ADP
cblr-8629	384	33	dual	dual	ADJ
cblr-8629	384	34	class	class	NOUN
cblr-8629	384	35	stock	stock	NOUN
cblr-8629	384	36	)	)	PUNCT
cblr-8629	384	37	.	.	PUNCT
cblr-8629	385	1	ahn	ahn	PROPN
cblr-8629	385	2	et	et	PROPN
cblr-8629	385	3	al	al	PROPN
cblr-8629	385	4	.	.	PROPN
cblr-8629	386	1	8/20/2021	8/20/2021	NUM
cblr-8629	386	2	6:14	6:14	NUM
cblr-8629	386	3	pm	pm	NOUN
cblr-8629	386	4	no	no	NOUN
cblr-8629	386	5	.	.	PUNCT
cblr-8629	387	1	2:476	2:476	NUM
cblr-8629	387	2	]	]	X
cblr-8629	387	3	synthetic	synthetic	ADJ
cblr-8629	387	4	governance	governance	NOUN
cblr-8629	387	5	501	501	NUM
cblr-8629	387	6	structure.94	structure.94	NOUN
cblr-8629	387	7	the	the	DET
cblr-8629	387	8	justification	justification	NOUN
cblr-8629	387	9	for	for	ADP
cblr-8629	387	10	dual	dual	ADJ
cblr-8629	387	11	class	class	NOUN
cblr-8629	387	12	structures	structure	NOUN
cblr-8629	387	13	was	be	AUX
cblr-8629	387	14	that	that	SCONJ
cblr-8629	387	15	they	they	PRON
cblr-8629	387	16	permitted	permit	VERB
cblr-8629	387	17	a	a	DET
cblr-8629	387	18	founding	found	VERB
cblr-8629	387	19	family	family	NOUN
cblr-8629	387	20	or	or	CCONJ
cblr-8629	387	21	other	other	ADJ
cblr-8629	387	22	controller	controller	NOUN
cblr-8629	387	23	to	to	PART
cblr-8629	387	24	maintain	maintain	VERB
cblr-8629	387	25	a	a	DET
cblr-8629	387	26	unique	unique	ADJ
cblr-8629	387	27	business	business	NOUN
cblr-8629	387	28	,	,	PUNCT
cblr-8629	387	29	such	such	ADJ
cblr-8629	387	30	as	as	ADP
cblr-8629	387	31	a	a	DET
cblr-8629	387	32	newspaper	newspaper	NOUN
cblr-8629	387	33	operation	operation	NOUN
cblr-8629	387	34	,	,	PUNCT
cblr-8629	387	35	which	which	PRON
cblr-8629	387	36	needed	need	VERB
cblr-8629	387	37	to	to	PART
cblr-8629	387	38	be	be	AUX
cblr-8629	387	39	isolated	isolate	VERB
cblr-8629	387	40	from	from	ADP
cblr-8629	387	41	market	market	NOUN
cblr-8629	387	42	forces	force	NOUN
cblr-8629	387	43	or	or	CCONJ
cblr-8629	387	44	otherwise	otherwise	ADV
cblr-8629	387	45	run	run	VERB
cblr-8629	387	46	in	in	ADP
cblr-8629	387	47	the	the	DET
cblr-8629	387	48	interests	interest	NOUN
cblr-8629	387	49	of	of	ADP
cblr-8629	387	50	stakeholders	stakeholder	NOUN
cblr-8629	387	51	other	other	ADJ
cblr-8629	387	52	than	than	ADP
cblr-8629	387	53	shareholders.95	shareholders.95	NOUN
cblr-8629	387	54	while	while	SCONJ
cblr-8629	387	55	dual	dual	ADJ
cblr-8629	387	56	class	class	NOUN
cblr-8629	387	57	stock	stock	NOUN
cblr-8629	387	58	may	may	AUX
cblr-8629	387	59	assist	assist	VERB
cblr-8629	387	60	firms	firm	NOUN
cblr-8629	387	61	in	in	ADP
cblr-8629	387	62	meeting	meet	VERB
cblr-8629	387	63	these	these	DET
cblr-8629	387	64	other	other	ADJ
cblr-8629	387	65	stakeholder	stakeholder	NOUN
cblr-8629	387	66	interests	interest	NOUN
cblr-8629	387	67	,	,	PUNCT
cblr-8629	387	68	studies	study	NOUN
cblr-8629	387	69	suggest	suggest	VERB
cblr-8629	387	70	that	that	SCONJ
cblr-8629	387	71	dual	dual	ADJ
cblr-8629	387	72	class	class	NOUN
cblr-8629	387	73	structures	structure	NOUN
cblr-8629	387	74	at	at	ADP
cblr-8629	387	75	these	these	DET
cblr-8629	387	76	firms	firm	NOUN
cblr-8629	387	77	were	be	AUX
cblr-8629	387	78	also	also	ADV
cblr-8629	387	79	associated	associate	VERB
cblr-8629	387	80	with	with	ADP
cblr-8629	387	81	higher	high	ADJ
cblr-8629	387	82	agency	agency	NOUN
cblr-8629	387	83	costs	cost	NOUN
cblr-8629	387	84	,	,	PUNCT
cblr-8629	387	85	limited	limited	ADJ
cblr-8629	387	86	minority	minority	NOUN
cblr-8629	387	87	shareholder	shareholder	NOUN
cblr-8629	387	88	rights	right	NOUN
cblr-8629	387	89	,	,	PUNCT
cblr-8629	387	90	and	and	CCONJ
cblr-8629	387	91	inferior	inferior	ADJ
cblr-8629	387	92	economic	economic	ADJ
cblr-8629	387	93	performance.96	performance.96	PROPN
cblr-8629	387	94	starting	start	VERB
cblr-8629	387	95	with	with	ADP
cblr-8629	387	96	the	the	DET
cblr-8629	387	97	google	google	PROPN
cblr-8629	387	98	ipo	ipo	PROPN
cblr-8629	387	99	in	in	ADP
cblr-8629	387	100	2004	2004	NUM
cblr-8629	387	101	,	,	PUNCT
cblr-8629	387	102	dual	dual	ADJ
cblr-8629	387	103	class	class	NOUN
cblr-8629	387	104	voting	voting	NOUN
cblr-8629	387	105	structures	structure	NOUN
cblr-8629	387	106	increased	increase	VERB
cblr-8629	387	107	in	in	ADP
cblr-8629	387	108	popularity	popularity	NOUN
cblr-8629	387	109	and	and	CCONJ
cblr-8629	387	110	migrated	migrate	VERB
cblr-8629	387	111	to	to	ADP
cblr-8629	387	112	the	the	DET
cblr-8629	387	113	technology	technology	NOUN
cblr-8629	387	114	sector.97	sector.97	NOUN
cblr-8629	387	115	in	in	ADP
cblr-8629	387	116	recent	recent	ADJ
cblr-8629	387	117	years	year	NOUN
cblr-8629	387	118	,	,	PUNCT
cblr-8629	387	119	approximately	approximately	ADV
cblr-8629	387	120	twentytwo	twentytwo	NUM
cblr-8629	387	121	percent	percent	NOUN
cblr-8629	387	122	of	of	ADP
cblr-8629	387	123	u.s	u.s	PROPN
cblr-8629	387	124	.	.	PROPN
cblr-8629	387	125	technology	technology	NOUN
cblr-8629	387	126	companies	company	NOUN
cblr-8629	387	127	have	have	AUX
cblr-8629	387	128	gone	go	VERB
cblr-8629	387	129	public	public	ADJ
cblr-8629	387	130	with	with	ADP
cblr-8629	387	131	a	a	DET
cblr-8629	387	132	dual	dual	ADJ
cblr-8629	387	133	class	class	NOUN
cblr-8629	387	134	structure.98	structure.98	VERB
cblr-8629	387	135	although	although	SCONJ
cblr-8629	387	136	historically	historically	ADV
cblr-8629	387	137	dual	dual	ADJ
cblr-8629	387	138	class	class	NOUN
cblr-8629	387	139	companies	company	NOUN
cblr-8629	387	140	have	have	AUX
cblr-8629	387	141	comprised	comprise	VERB
cblr-8629	387	142	a	a	DET
cblr-8629	387	143	small	small	ADJ
cblr-8629	387	144	percentage	percentage	NOUN
cblr-8629	387	145	of	of	ADP
cblr-8629	387	146	the	the	DET
cblr-8629	387	147	major	major	ADJ
cblr-8629	387	148	stock	stock	NOUN
cblr-8629	387	149	market	market	NOUN
cblr-8629	387	150	indexes	index	NOUN
cblr-8629	387	151	,	,	PUNCT
cblr-8629	387	152	they	they	PRON
cblr-8629	387	153	now	now	ADV
cblr-8629	387	154	represent	represent	VERB
cblr-8629	387	155	roughly	roughly	ADV
cblr-8629	387	156	nine	nine	NUM
cblr-8629	387	157	percent	percent	NOUN
cblr-8629	387	158	of	of	ADP
cblr-8629	387	159	the	the	DET
cblr-8629	387	160	s&p	s&p	PROPN
cblr-8629	387	161	100	100	NUM
cblr-8629	387	162	by	by	ADP
cblr-8629	387	163	market	market	NOUN
cblr-8629	387	164	capitalization.99	capitalization.99	NOUN
cblr-8629	387	165	and	and	CCONJ
cblr-8629	387	166	with	with	ADP
cblr-8629	387	167	the	the	DET
cblr-8629	387	168	rise	rise	NOUN
cblr-8629	387	169	of	of	ADP
cblr-8629	387	170	dual	dual	ADJ
cblr-8629	387	171	class	class	NOUN
cblr-8629	387	172	stock	stock	NOUN
cblr-8629	387	173	in	in	ADP
cblr-8629	387	174	technology	technology	NOUN
cblr-8629	387	175	firms	firm	NOUN
cblr-8629	387	176	,	,	PUNCT
cblr-8629	387	177	firms	firm	NOUN
cblr-8629	387	178	in	in	ADP
cblr-8629	387	179	other	other	ADJ
cblr-8629	387	180	industries	industry	NOUN
cblr-8629	387	181	have	have	AUX
cblr-8629	387	182	felt	feel	VERB
cblr-8629	387	183	more	more	ADV
cblr-8629	387	184	willing	willing	ADJ
cblr-8629	387	185	to	to	PART
cblr-8629	387	186	adopt	adopt	VERB
cblr-8629	387	187	dual	dual	ADJ
cblr-8629	387	188	class	class	NOUN
cblr-8629	387	189	voting	vote	VERB
cblr-8629	387	190	94	94	NUM
cblr-8629	387	191	the	the	DET
cblr-8629	387	192	n.y	n.y	PROPN
cblr-8629	387	193	.	.	PROPN
cblr-8629	387	194	times	times	PROPN
cblr-8629	387	195	co.	co.	PROPN
cblr-8629	387	196	,	,	PUNCT
cblr-8629	387	197	annual	annual	ADJ
cblr-8629	387	198	report	report	NOUN
cblr-8629	387	199	(	(	PUNCT
cblr-8629	387	200	form	form	NOUN
cblr-8629	387	201	10	10	NUM
cblr-8629	387	202	-	-	PUNCT
cblr-8629	387	203	k	k	NOUN
cblr-8629	387	204	)	)	PUNCT
cblr-8629	387	205	,	,	PUNCT
cblr-8629	387	206	at	at	ADP
cblr-8629	387	207	106	106	NUM
cblr-8629	387	208	(	(	PUNCT
cblr-8629	387	209	feb	feb	PROPN
cblr-8629	387	210	.	.	PROPN
cblr-8629	387	211	25	25	NUM
cblr-8629	387	212	,	,	PUNCT
cblr-8629	387	213	2021	2021	NUM
cblr-8629	387	214	)	)	PUNCT
cblr-8629	387	215	.	.	PUNCT
cblr-8629	388	1	95	95	NUM
cblr-8629	388	2	see	see	VERB
cblr-8629	388	3	gerald	gerald	PROPN
cblr-8629	388	4	f.	f.	PROPN
cblr-8629	388	5	davis	davis	PROPN
cblr-8629	388	6	,	,	PUNCT
cblr-8629	388	7	what	what	PRON
cblr-8629	388	8	might	might	AUX
cblr-8629	388	9	replace	replace	VERB
cblr-8629	388	10	the	the	DET
cblr-8629	388	11	modern	modern	ADJ
cblr-8629	388	12	corporation	corporation	NOUN
cblr-8629	388	13	?	?	PUNCT
cblr-8629	389	1	uberization	uberization	NOUN
cblr-8629	389	2	and	and	CCONJ
cblr-8629	389	3	the	the	DET
cblr-8629	389	4	web	web	NOUN
cblr-8629	389	5	page	page	NOUN
cblr-8629	389	6	enterprise	enterprise	NOUN
cblr-8629	389	7	,	,	PUNCT
cblr-8629	389	8	39	39	NUM
cblr-8629	389	9	seattle	seattle	PROPN
cblr-8629	389	10	u.	u.	PROPN
cblr-8629	389	11	l.	l.	PROPN
cblr-8629	389	12	rev	rev	PROPN
cblr-8629	389	13	.	.	PROPN
cblr-8629	389	14	501	501	NUM
cblr-8629	389	15	,	,	PUNCT
cblr-8629	389	16	505	505	NUM
cblr-8629	389	17	–	–	SYM
cblr-8629	389	18	06	06	NUM
cblr-8629	389	19	(	(	PUNCT
cblr-8629	389	20	2016	2016	NUM
cblr-8629	389	21	)	)	PUNCT
cblr-8629	389	22	.	.	PUNCT
cblr-8629	390	1	96	96	NUM
cblr-8629	390	2	see	see	VERB
cblr-8629	390	3	,	,	PUNCT
cblr-8629	390	4	e.g.	e.g.	ADV
cblr-8629	390	5	,	,	PUNCT
cblr-8629	390	6	gompers	gomper	NOUN
cblr-8629	390	7	et	et	PROPN
cblr-8629	390	8	al	al	PROPN
cblr-8629	390	9	.	.	PROPN
cblr-8629	390	10	,	,	PUNCT
cblr-8629	390	11	supra	supra	PROPN
cblr-8629	390	12	note	note	PROPN
cblr-8629	390	13	36	36	NUM
cblr-8629	390	14	,	,	PUNCT
cblr-8629	390	15	at	at	ADP
cblr-8629	390	16	1084–85	1084–85	NUM
cblr-8629	390	17	;	;	PUNCT
cblr-8629	390	18	masulis	masulis	PROPN
cblr-8629	390	19	et	et	PROPN
cblr-8629	390	20	al	al	PROPN
cblr-8629	390	21	.	.	PROPN
cblr-8629	390	22	,	,	PUNCT
cblr-8629	390	23	supra	supra	PROPN
cblr-8629	390	24	note	note	PROPN
cblr-8629	390	25	36	36	NUM
cblr-8629	390	26	,	,	PUNCT
cblr-8629	390	27	at	at	ADP
cblr-8629	390	28	1722	1722	NUM
cblr-8629	390	29	.	.	PUNCT
cblr-8629	391	1	97	97	NUM
cblr-8629	391	2	see	see	VERB
cblr-8629	391	3	fisch	fisch	PROPN
cblr-8629	391	4	&	&	CCONJ
cblr-8629	391	5	solomon	solomon	PROPN
cblr-8629	391	6	,	,	PUNCT
cblr-8629	391	7	supra	supra	PROPN
cblr-8629	391	8	note	note	PROPN
cblr-8629	391	9	38	38	NUM
cblr-8629	391	10	,	,	PUNCT
cblr-8629	391	11	at	at	ADP
cblr-8629	391	12	1067–70	1067–70	NUM
cblr-8629	391	13	(	(	PUNCT
cblr-8629	391	14	detailing	detail	VERB
cblr-8629	391	15	the	the	DET
cblr-8629	391	16	resurgence	resurgence	NOUN
cblr-8629	391	17	of	of	ADP
cblr-8629	391	18	dual	dual	ADJ
cblr-8629	391	19	class	class	NOUN
cblr-8629	391	20	stock	stock	NOUN
cblr-8629	391	21	in	in	ADP
cblr-8629	391	22	technology	technology	NOUN
cblr-8629	391	23	companies	company	NOUN
cblr-8629	391	24	after	after	ADP
cblr-8629	391	25	the	the	DET
cblr-8629	391	26	google	google	PROPN
cblr-8629	391	27	ipo	ipo	PROPN
cblr-8629	391	28	)	)	PUNCT
cblr-8629	391	29	.	.	PUNCT
cblr-8629	392	1	98	98	NUM
cblr-8629	392	2	see	see	VERB
cblr-8629	392	3	george	george	PROPN
cblr-8629	392	4	f.	f.	PROPN
cblr-8629	392	5	schoen	schoen	PROPN
cblr-8629	392	6	&	&	CCONJ
cblr-8629	392	7	keith	keith	PROPN
cblr-8629	392	8	hallam	hallam	PROPN
cblr-8629	392	9	,	,	PUNCT
cblr-8629	392	10	dual	dual	ADJ
cblr-8629	392	11	-	-	PUNCT
cblr-8629	392	12	class	class	NOUN
cblr-8629	392	13	share	share	NOUN
cblr-8629	392	14	structures	structure	NOUN
cblr-8629	392	15	in	in	ADP
cblr-8629	392	16	the	the	DET
cblr-8629	392	17	united	united	PROPN
cblr-8629	392	18	states	states	PROPN
cblr-8629	392	19	,	,	PUNCT
cblr-8629	392	20	in	in	ADP
cblr-8629	392	21	corporate	corporate	ADJ
cblr-8629	392	22	governance	governance	NOUN
cblr-8629	392	23	2020	2020	NUM
cblr-8629	392	24	,	,	PUNCT
cblr-8629	392	25	at	at	ADP
cblr-8629	392	26	1	1	NUM
cblr-8629	392	27	,	,	PUNCT
cblr-8629	392	28	2	2	NUM
cblr-8629	392	29	(	(	PUNCT
cblr-8629	392	30	2020	2020	NUM
cblr-8629	392	31	)	)	PUNCT
cblr-8629	392	32	(	(	PUNCT
cblr-8629	392	33	sabastian	sabastian	PROPN
cblr-8629	392	34	v.	v.	PROPN
cblr-8629	392	35	niles	niles	PROPN
cblr-8629	392	36	&	&	CCONJ
cblr-8629	392	37	adam	adam	PROPN
cblr-8629	392	38	o.	o.	PROPN
cblr-8629	392	39	emmerich	emmerich	PROPN
cblr-8629	392	40	eds	eds	PROPN
cblr-8629	392	41	.	.	PROPN
cblr-8629	392	42	,	,	PUNCT
cblr-8629	392	43	13th	13th	NOUN
cblr-8629	392	44	ed	ed	NOUN
cblr-8629	392	45	.	.	PROPN
cblr-8629	392	46	2020	2020	NUM
cblr-8629	392	47	)	)	PUNCT
cblr-8629	392	48	,	,	PUNCT
cblr-8629	392	49	https://www.cravath.com/a/web/13094/cg20_chapter%201%20%20cravath,%20swaine%20and%20moore-b.pdf	https://www.cravath.com/a/web/13094/cg20_chapter%201%20%20cravath,%20swaine%20and%20moore-b.pdf	PUNCT
cblr-8629	392	50	[	[	X
cblr-8629	392	51	https://perma.cc/5uqjbt9	https://perma.cc/5uqjbt9	NOUN
cblr-8629	392	52	m	m	VERB
cblr-8629	392	53	]	]	X
cblr-8629	392	54	(	(	PUNCT
cblr-8629	392	55	finding	find	VERB
cblr-8629	392	56	that	that	SCONJ
cblr-8629	392	57	a	a	DET
cblr-8629	392	58	yearly	yearly	ADJ
cblr-8629	392	59	average	average	NOUN
cblr-8629	392	60	of	of	ADP
cblr-8629	392	61	22.6	22.6	NUM
cblr-8629	392	62	%	%	NOUN
cblr-8629	392	63	of	of	ADP
cblr-8629	392	64	technology	technology	NOUN
cblr-8629	392	65	company	company	NOUN
cblr-8629	392	66	ipos	ipos	NOUN
cblr-8629	392	67	from	from	ADP
cblr-8629	392	68	2010	2010	NUM
cblr-8629	392	69	through	through	ADP
cblr-8629	392	70	2019	2019	NUM
cblr-8629	392	71	featured	feature	VERB
cblr-8629	392	72	dual	dual	ADJ
cblr-8629	392	73	class	class	NOUN
cblr-8629	392	74	structures	structure	NOUN
cblr-8629	392	75	)	)	PUNCT
cblr-8629	392	76	.	.	PUNCT
cblr-8629	393	1	99	99	NUM
cblr-8629	393	2	charles	charles	PROPN
cblr-8629	393	3	m.	m.	PROPN
cblr-8629	393	4	elson	elson	PROPN
cblr-8629	393	5	&	&	CCONJ
cblr-8629	393	6	craig	craig	PROPN
cblr-8629	393	7	k.	k.	PROPN
cblr-8629	393	8	ferrere	ferrere	PROPN
cblr-8629	393	9	,	,	PUNCT
cblr-8629	393	10	unequal	unequal	ADJ
cblr-8629	393	11	voting	voting	NOUN
cblr-8629	393	12	and	and	CCONJ
cblr-8629	393	13	the	the	DET
cblr-8629	393	14	business	business	NOUN
cblr-8629	393	15	judgment	judgment	NOUN
cblr-8629	393	16	rule	rule	NOUN
cblr-8629	393	17	,	,	PUNCT
cblr-8629	393	18	harv	harv	PROPN
cblr-8629	393	19	.	.	PUNCT
cblr-8629	394	1	l.	l.	PROPN
cblr-8629	394	2	sch	sch	PROPN
cblr-8629	394	3	.	.	PUNCT
cblr-8629	395	1	f.	f.	PROPN
cblr-8629	395	2	on	on	ADP
cblr-8629	395	3	corp	corp	PROPN
cblr-8629	395	4	.	.	PROPN
cblr-8629	395	5	gov	gov	PROPN
cblr-8629	395	6	.	.	PUNCT
cblr-8629	396	1	(	(	PUNCT
cblr-8629	396	2	apr	apr	PROPN
cblr-8629	396	3	.	.	PROPN
cblr-8629	396	4	7	7	NUM
cblr-8629	396	5	,	,	PUNCT
cblr-8629	396	6	2018	2018	NUM
cblr-8629	396	7	)	)	PUNCT
cblr-8629	396	8	,	,	PUNCT
cblr-8629	396	9	https://corpgov.law.harvard.edu/2018/04/07/unequal-voting-and-thebusiness-judgment-rule/	https://corpgov.law.harvard.edu/2018/04/07/unequal-voting-and-thebusiness-judgment-rule/	PROPN
cblr-8629	397	1	[	[	X
cblr-8629	397	2	https://perma.cc/k3ad-7pyq	https://perma.cc/k3ad-7pyq	NOUN
cblr-8629	397	3	]	]	X
cblr-8629	397	4	.	.	PUNCT
cblr-8629	398	1	ahn	ahn	PROPN
cblr-8629	398	2	et	et	PROPN
cblr-8629	398	3	al	al	PROPN
cblr-8629	398	4	.	.	PROPN
cblr-8629	399	1	8/20/2021	8/20/2021	NUM
cblr-8629	399	2	6:14	6:14	NUM
cblr-8629	399	3	pm	pm	PROPN
cblr-8629	399	4	502	502	NUM
cblr-8629	399	5	columbia	columbia	PROPN
cblr-8629	399	6	business	business	NOUN
cblr-8629	399	7	law	law	PROPN
cblr-8629	399	8	review	review	NOUN
cblr-8629	399	9	[	[	X
cblr-8629	399	10	vol	vol	NOUN
cblr-8629	399	11	.	.	NOUN
cblr-8629	399	12	2021	2021	NUM
cblr-8629	399	13	structures	structure	NOUN
cblr-8629	399	14	.	.	PUNCT
cblr-8629	400	1	for	for	ADP
cblr-8629	400	2	example	example	NOUN
cblr-8629	400	3	,	,	PUNCT
cblr-8629	400	4	shake	shake	VERB
cblr-8629	400	5	shack	shack	NOUN
cblr-8629	400	6	,	,	PUNCT
cblr-8629	400	7	which	which	PRON
cblr-8629	400	8	sells	sell	VERB
cblr-8629	400	9	hamburgers	hamburger	NOUN
cblr-8629	400	10	,	,	PUNCT
cblr-8629	400	11	has	have	AUX
cblr-8629	400	12	gone	go	VERB
cblr-8629	400	13	public	public	ADJ
cblr-8629	400	14	with	with	ADP
cblr-8629	400	15	dual	dual	ADJ
cblr-8629	400	16	class	class	NOUN
cblr-8629	400	17	stock,100	stock,100	NOUN
cblr-8629	400	18	as	as	SCONJ
cblr-8629	400	19	has	have	VERB
cblr-8629	400	20	chewy	chewy	ADJ
cblr-8629	400	21	,	,	PUNCT
cblr-8629	400	22	which	which	PRON
cblr-8629	400	23	sells	sell	VERB
cblr-8629	400	24	pet	pet	ADJ
cblr-8629	400	25	goods	good	NOUN
cblr-8629	400	26	online.101	online.101	NOUN
cblr-8629	400	27	shareholders	shareholder	NOUN
cblr-8629	400	28	have	have	AUX
cblr-8629	400	29	objected	object	VERB
cblr-8629	400	30	to	to	ADP
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cblr-8629	400	32	spread	spread	NOUN
cblr-8629	400	33	of	of	ADP
cblr-8629	400	34	dual	dual	ADJ
cblr-8629	400	35	class	class	NOUN
cblr-8629	400	36	structures	structure	NOUN
cblr-8629	400	37	on	on	ADP
cblr-8629	400	38	many	many	ADJ
cblr-8629	400	39	grounds	ground	NOUN
cblr-8629	400	40	.	.	PUNCT
cblr-8629	401	1	first	first	ADV
cblr-8629	401	2	,	,	PUNCT
cblr-8629	401	3	they	they	PRON
cblr-8629	401	4	have	have	AUX
cblr-8629	401	5	complained	complain	VERB
cblr-8629	401	6	about	about	ADP
cblr-8629	401	7	disenfranchisement	disenfranchisement	NOUN
cblr-8629	401	8	and	and	CCONJ
cblr-8629	401	9	the	the	DET
cblr-8629	401	10	lack	lack	NOUN
cblr-8629	401	11	of	of	ADP
cblr-8629	401	12	appropriate	appropriate	ADJ
cblr-8629	401	13	shareholder	shareholder	NOUN
cblr-8629	401	14	voice	voice	NOUN
cblr-8629	401	15	in	in	ADP
cblr-8629	401	16	the	the	DET
cblr-8629	401	17	corporate	corporate	ADJ
cblr-8629	401	18	enterprise.102	enterprise.102	NOUN
cblr-8629	401	19	because	because	SCONJ
cblr-8629	401	20	dual	dual	ADJ
cblr-8629	401	21	class	class	NOUN
cblr-8629	401	22	stock	stock	NOUN
cblr-8629	401	23	provides	provide	VERB
cblr-8629	401	24	control	control	NOUN
cblr-8629	401	25	to	to	ADP
cblr-8629	401	26	one	one	NUM
cblr-8629	401	27	or	or	CCONJ
cblr-8629	401	28	a	a	DET
cblr-8629	401	29	small	small	ADJ
cblr-8629	401	30	group	group	NOUN
cblr-8629	401	31	of	of	ADP
cblr-8629	401	32	individuals	individual	NOUN
cblr-8629	401	33	,	,	PUNCT
cblr-8629	401	34	ordinary	ordinary	ADJ
cblr-8629	401	35	shareholders	shareholder	NOUN
cblr-8629	401	36	are	be	AUX
cblr-8629	401	37	unable	unable	ADJ
cblr-8629	401	38	to	to	PART
cblr-8629	401	39	elect	elect	VERB
cblr-8629	401	40	directors	director	NOUN
cblr-8629	401	41	or	or	CCONJ
cblr-8629	401	42	,	,	PUNCT
cblr-8629	401	43	if	if	SCONJ
cblr-8629	401	44	things	thing	NOUN
cblr-8629	401	45	go	go	VERB
cblr-8629	401	46	awry	awry	ADJ
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cblr-8629	401	48	remove	remove	VERB
cblr-8629	401	49	directors	director	NOUN
cblr-8629	401	50	.	.	PUNCT
cblr-8629	402	1	second	second	ADJ
cblr-8629	402	2	,	,	PUNCT
cblr-8629	402	3	the	the	DET
cblr-8629	402	4	structure	structure	NOUN
cblr-8629	402	5	of	of	ADP
cblr-8629	402	6	dual	dual	ADJ
cblr-8629	402	7	class	class	NOUN
cblr-8629	402	8	stock	stock	NOUN
cblr-8629	402	9	creates	create	VERB
cblr-8629	402	10	a	a	DET
cblr-8629	402	11	potential	potential	ADJ
cblr-8629	402	12	gap	gap	NOUN
cblr-8629	402	13	between	between	ADP
cblr-8629	402	14	a	a	DET
cblr-8629	402	15	controller	controller	NOUN
cblr-8629	402	16	’s	’s	PART
cblr-8629	402	17	economic	economic	ADJ
cblr-8629	402	18	interest	interest	NOUN
cblr-8629	402	19	and	and	CCONJ
cblr-8629	402	20	the	the	DET
cblr-8629	402	21	controller	controller	NOUN
cblr-8629	402	22	’s	’s	PART
cblr-8629	402	23	voting	voting	NOUN
cblr-8629	402	24	interest	interest	NOUN
cblr-8629	402	25	,	,	PUNCT
cblr-8629	402	26	a	a	DET
cblr-8629	402	27	gap	gap	NOUN
cblr-8629	402	28	that	that	PRON
cblr-8629	402	29	lucian	lucian	PROPN
cblr-8629	402	30	bebchuk	bebchuk	PROPN
cblr-8629	402	31	and	and	CCONJ
cblr-8629	402	32	kobi	kobi	PROPN
cblr-8629	402	33	kastiel	kastiel	PROPN
cblr-8629	402	34	have	have	AUX
cblr-8629	402	35	termed	term	VERB
cblr-8629	402	36	the	the	DET
cblr-8629	402	37	“	"	PUNCT
cblr-8629	402	38	wedge	wedge	NOUN
cblr-8629	402	39	.	.	PUNCT
cblr-8629	402	40	”103	”103	PUNCT
cblr-8629	403	1	this	this	DET
cblr-8629	403	2	gap	gap	NOUN
cblr-8629	403	3	creates	create	VERB
cblr-8629	403	4	increased	increase	VERB
cblr-8629	403	5	incentives	incentive	NOUN
cblr-8629	403	6	for	for	ADP
cblr-8629	403	7	self	self	NOUN
cblr-8629	403	8	-	-	PUNCT
cblr-8629	403	9	dealing	dealing	NOUN
cblr-8629	403	10	by	by	ADP
cblr-8629	403	11	the	the	DET
cblr-8629	403	12	controller.104	controller.104	NOUN
cblr-8629	403	13	the	the	DET
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cblr-8629	403	15	potential	potential	NOUN
cblr-8629	403	16	for	for	ADP
cblr-8629	403	17	self	self	NOUN
cblr-8629	403	18	-	-	PUNCT
cblr-8629	403	19	dealing	dealing	NOUN
cblr-8629	403	20	finds	find	VERB
cblr-8629	403	21	some	some	DET
cblr-8629	403	22	real	real	ADJ
cblr-8629	403	23	world	world	NOUN
cblr-8629	403	24	support	support	NOUN
cblr-8629	403	25	.	.	PUNCT
cblr-8629	404	1	viacom	viacom	PROPN
cblr-8629	404	2	,	,	PUNCT
cblr-8629	404	3	for	for	ADP
cblr-8629	404	4	example	example	NOUN
cblr-8629	404	5	,	,	PUNCT
cblr-8629	404	6	was	be	AUX
cblr-8629	404	7	notorious	notorious	ADJ
cblr-8629	404	8	for	for	ADP
cblr-8629	404	9	continuing	continue	VERB
cblr-8629	404	10	to	to	PART
cblr-8629	404	11	pay	pay	VERB
cblr-8629	404	12	its	its	PRON
cblr-8629	404	13	controller	controller	NOUN
cblr-8629	404	14	sumner	sumner	PROPN
cblr-8629	404	15	redstone	redstone	PROPN
cblr-8629	404	16	tens	ten	NOUN
cblr-8629	404	17	of	of	ADP
cblr-8629	404	18	millions	million	NOUN
cblr-8629	404	19	of	of	ADP
cblr-8629	404	20	dollars	dollar	NOUN
cblr-8629	404	21	each	each	DET
cblr-8629	404	22	year	year	NOUN
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cblr-8629	404	24	his	his	PRON
cblr-8629	404	25	incapacitation.105	incapacitation.105	NOUN
cblr-8629	404	26	100	100	NUM
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cblr-8629	404	28	jeff	jeff	PROPN
cblr-8629	404	29	green	green	PROPN
cblr-8629	404	30	&	&	CCONJ
cblr-8629	404	31	carol	carol	PROPN
cblr-8629	404	32	hymowitz	hymowitz	PROPN
cblr-8629	404	33	,	,	PUNCT
cblr-8629	404	34	let	let	VERB
cblr-8629	404	35	them	they	PRON
cblr-8629	404	36	eat	eat	VERB
cblr-8629	404	37	burgers	burger	NOUN
cblr-8629	404	38	,	,	PUNCT
cblr-8629	404	39	bloomberg	bloomberg	PROPN
cblr-8629	404	40	(	(	PUNCT
cblr-8629	404	41	on	on	ADP
cblr-8629	404	42	file	file	NOUN
cblr-8629	404	43	with	with	ADP
cblr-8629	404	44	the	the	DET
cblr-8629	404	45	columbia	columbia	PROPN
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cblr-8629	404	52	(	(	PUNCT
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cblr-8629	404	64	.	.	PUNCT
cblr-8629	405	1	101	101	NUM
cblr-8629	405	2	see	see	VERB
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cblr-8629	405	5	,	,	PUNCT
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cblr-8629	405	14	ideal	ideal	ADJ
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cblr-8629	405	16	investors	investor	NOUN
cblr-8629	405	17	,	,	PUNCT
cblr-8629	405	18	thestreet	thestreet	PROPN
cblr-8629	405	19	(	(	PUNCT
cblr-8629	405	20	june	june	PROPN
cblr-8629	405	21	14	14	NUM
cblr-8629	405	22	,	,	PUNCT
cblr-8629	405	23	2019	2019	NUM
cblr-8629	405	24	,	,	PUNCT
cblr-8629	405	25	11:26	11:26	NUM
cblr-8629	405	26	am	am	NOUN
cblr-8629	405	27	)	)	PUNCT
cblr-8629	405	28	,	,	PUNCT
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cblr-8629	406	1	[	[	X
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cblr-8629	406	4	.	.	PUNCT
cblr-8629	407	1	102	102	NUM
cblr-8629	407	2	see	see	VERB
cblr-8629	407	3	dual	dual	ADJ
cblr-8629	407	4	-	-	PUNCT
cblr-8629	407	5	class	class	NOUN
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cblr-8629	407	7	,	,	PUNCT
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cblr-8629	407	9	note	note	VERB
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cblr-8629	407	12	“	"	PUNCT
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cblr-8629	407	16	endorse	endorse	VERB
cblr-8629	407	17	the	the	DET
cblr-8629	407	18	principle	principle	NOUN
cblr-8629	407	19	of	of	ADP
cblr-8629	407	20	‘	'	PUNCT
cblr-8629	407	21	one	one	NUM
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cblr-8629	407	26	’	'	PUNCT
cblr-8629	407	27	:	:	PUNCT
cblr-8629	407	28	every	every	DET
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cblr-8629	409	14	-	-	PUNCT
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cblr-8629	409	16	controllers	controller	NOUN
cblr-8629	409	17	,	,	PUNCT
cblr-8629	409	18	107	107	NUM
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cblr-8629	409	20	.	.	PUNCT
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cblr-8629	409	23	1453	1453	NUM
cblr-8629	409	24	,	,	PUNCT
cblr-8629	409	25	1461	1461	NUM
cblr-8629	409	26	(	(	PUNCT
cblr-8629	409	27	2019	2019	NUM
cblr-8629	409	28	)	)	PUNCT
cblr-8629	409	29	(	(	PUNCT
cblr-8629	409	30	defining	define	VERB
cblr-8629	409	31	the	the	DET
cblr-8629	409	32	wedge	wedge	NOUN
cblr-8629	409	33	as	as	ADP
cblr-8629	409	34	“	"	PUNCT
cblr-8629	409	35	the	the	DET
cblr-8629	409	36	gap	gap	NOUN
cblr-8629	409	37	between	between	ADP
cblr-8629	409	38	the	the	DET
cblr-8629	409	39	controller	controller	NOUN
cblr-8629	409	40	’s	’s	PART
cblr-8629	409	41	fraction	fraction	NOUN
cblr-8629	409	42	of	of	ADP
cblr-8629	409	43	voting	voting	NOUN
cblr-8629	409	44	rights	right	NOUN
cblr-8629	409	45	and	and	CCONJ
cblr-8629	409	46	fraction	fraction	NOUN
cblr-8629	409	47	of	of	ADP
cblr-8629	409	48	equity	equity	NOUN
cblr-8629	409	49	capital	capital	NOUN
cblr-8629	409	50	”	"	PUNCT
cblr-8629	409	51	)	)	PUNCT
cblr-8629	409	52	.	.	PUNCT
cblr-8629	410	1	104	104	NUM
cblr-8629	410	2	see	see	VERB
cblr-8629	410	3	i	i	PRON
cblr-8629	410	4	d.	d.	PROPN
cblr-8629	410	5	at	at	ADP
cblr-8629	410	6	1468–71	1468–71	PROPN
cblr-8629	410	7	(	(	PUNCT
cblr-8629	410	8	modeling	model	VERB
cblr-8629	410	9	the	the	DET
cblr-8629	410	10	increased	increase	VERB
cblr-8629	410	11	potential	potential	NOUN
cblr-8629	410	12	for	for	ADP
cblr-8629	410	13	self	self	NOUN
cblr-8629	410	14	-	-	PUNCT
cblr-8629	410	15	dealing	dealing	NOUN
cblr-8629	410	16	as	as	ADP
cblr-8629	410	17	the	the	DET
cblr-8629	410	18	size	size	NOUN
cblr-8629	410	19	of	of	ADP
cblr-8629	410	20	the	the	DET
cblr-8629	410	21	wedge	wedge	NOUN
cblr-8629	410	22	increases	increase	NOUN
cblr-8629	410	23	)	)	PUNCT
cblr-8629	410	24	.	.	PUNCT
cblr-8629	411	1	105	105	NUM
cblr-8629	411	2	see	see	VERB
cblr-8629	411	3	bebchuk	bebchuk	PROPN
cblr-8629	411	4	&	&	CCONJ
cblr-8629	411	5	kastiel	kastiel	PROPN
cblr-8629	411	6	,	,	PUNCT
cblr-8629	411	7	supra	supra	PROPN
cblr-8629	411	8	note	note	NOUN
cblr-8629	411	9	91	91	NUM
cblr-8629	411	10	,	,	PUNCT
cblr-8629	411	11	at	at	ADP
cblr-8629	411	12	587–88	587–88	NUM
cblr-8629	411	13	(	(	PUNCT
cblr-8629	411	14	discussing	discuss	VERB
cblr-8629	411	15	the	the	DET
cblr-8629	411	16	ninety	ninety	NUM
cblr-8629	411	17	-	-	PUNCT
cblr-8629	411	18	three	three	NUM
cblr-8629	411	19	-	-	PUNCT
cblr-8629	411	20	year	year	NOUN
cblr-8629	411	21	-	-	PUNCT
cblr-8629	411	22	old	old	ADJ
cblr-8629	411	23	redstone	redstone	NOUN
cblr-8629	411	24	’s	’s	PART
cblr-8629	411	25	refusal	refusal	NOUN
cblr-8629	411	26	to	to	PART
cblr-8629	411	27	give	give	VERB
cblr-8629	411	28	up	up	ADP
cblr-8629	411	29	control	control	NOUN
cblr-8629	411	30	despite	despite	SCONJ
cblr-8629	411	31	“	"	PUNCT
cblr-8629	411	32	profound	profound	ADJ
cblr-8629	411	33	physical	physical	ADJ
cblr-8629	411	34	and	and	CCONJ
cblr-8629	411	35	mental	mental	ADJ
cblr-8629	411	36	illness	illness	NOUN
cblr-8629	411	37	”	"	PUNCT
cblr-8629	411	38	(	(	PUNCT
cblr-8629	411	39	internal	internal	ADJ
cblr-8629	411	40	quotation	quotation	NOUN
cblr-8629	411	41	marks	mark	NOUN
cblr-8629	411	42	omitted	omit	VERB
cblr-8629	411	43	)	)	PUNCT
cblr-8629	411	44	(	(	PUNCT
cblr-8629	411	45	quoting	quote	VERB
cblr-8629	411	46	ahn	ahn	PROPN
cblr-8629	411	47	et	et	PROPN
cblr-8629	411	48	al	al	PROPN
cblr-8629	411	49	.	.	PROPN
cblr-8629	411	50	8/20/2021	8/20/2021	NUM
cblr-8629	411	51	6:14	6:14	NUM
cblr-8629	411	52	pm	pm	NOUN
cblr-8629	411	53	no	no	NOUN
cblr-8629	411	54	.	.	PUNCT
cblr-8629	412	1	2:476	2:476	NUM
cblr-8629	412	2	]	]	X
cblr-8629	412	3	synthetic	synthetic	ADJ
cblr-8629	412	4	governance	governance	NOUN
cblr-8629	412	5	503	503	NUM
cblr-8629	412	6	there	there	PRON
cblr-8629	412	7	are	be	VERB
cblr-8629	412	8	other	other	ADJ
cblr-8629	412	9	concerns	concern	NOUN
cblr-8629	412	10	.	.	PUNCT
cblr-8629	413	1	as	as	ADP
cblr-8629	413	2	a	a	DET
cblr-8629	413	3	practical	practical	ADJ
cblr-8629	413	4	matter	matter	NOUN
cblr-8629	413	5	,	,	PUNCT
cblr-8629	413	6	dual	dual	ADJ
cblr-8629	413	7	class	class	NOUN
cblr-8629	413	8	structure	structure	NOUN
cblr-8629	413	9	is	be	AUX
cblr-8629	413	10	also	also	ADV
cblr-8629	413	11	one	one	NUM
cblr-8629	413	12	of	of	ADP
cblr-8629	413	13	the	the	DET
cblr-8629	413	14	most	most	ADV
cblr-8629	413	15	powerful	powerful	ADJ
cblr-8629	413	16	antitakeover	antitakeover	NOUN
cblr-8629	413	17	devices,106	devices,106	NOUN
cblr-8629	413	18	insulating	insulate	VERB
cblr-8629	413	19	dual	dual	ADJ
cblr-8629	413	20	class	class	NOUN
cblr-8629	413	21	companies	company	NOUN
cblr-8629	413	22	from	from	ADP
cblr-8629	413	23	the	the	DET
cblr-8629	413	24	discipline	discipline	NOUN
cblr-8629	413	25	of	of	ADP
cblr-8629	413	26	the	the	DET
cblr-8629	413	27	takeover	takeover	NOUN
cblr-8629	413	28	market.107	market.107	VERB
cblr-8629	413	29	relatedly	relatedly	ADV
cblr-8629	413	30	,	,	PUNCT
cblr-8629	413	31	dual	dual	ADJ
cblr-8629	413	32	class	class	NOUN
cblr-8629	413	33	stock	stock	NOUN
cblr-8629	413	34	also	also	ADV
cblr-8629	413	35	insulates	insulate	VERB
cblr-8629	413	36	management	management	NOUN
cblr-8629	413	37	from	from	ADP
cblr-8629	413	38	activist	activist	ADJ
cblr-8629	413	39	shareholders	shareholder	NOUN
cblr-8629	413	40	who	who	PRON
cblr-8629	413	41	might	might	AUX
cblr-8629	413	42	agitate	agitate	VERB
cblr-8629	413	43	for	for	ADP
cblr-8629	413	44	change	change	NOUN
cblr-8629	413	45	at	at	ADP
cblr-8629	413	46	the	the	DET
cblr-8629	413	47	company.108	company.108	NOUN
cblr-8629	413	48	additionally	additionally	ADV
cblr-8629	413	49	,	,	PUNCT
cblr-8629	413	50	commentators	commentator	NOUN
cblr-8629	413	51	have	have	AUX
cblr-8629	413	52	raised	raise	VERB
cblr-8629	413	53	the	the	DET
cblr-8629	413	54	idea	idea	NOUN
cblr-8629	413	55	that	that	SCONJ
cblr-8629	413	56	it	it	PRON
cblr-8629	413	57	is	be	AUX
cblr-8629	413	58	unfair	unfair	ADJ
cblr-8629	413	59	or	or	CCONJ
cblr-8629	413	60	undemocratic	undemocratic	ADJ
cblr-8629	413	61	for	for	SCONJ
cblr-8629	413	62	some	some	DET
cblr-8629	413	63	shareholders	shareholder	NOUN
cblr-8629	413	64	to	to	PART
cblr-8629	413	65	have	have	VERB
cblr-8629	413	66	disproportionate	disproportionate	ADJ
cblr-8629	413	67	voting	voting	NOUN
cblr-8629	413	68	rights.109	rights.109	VERB
cblr-8629	413	69	and	and	CCONJ
cblr-8629	413	70	,	,	PUNCT
cblr-8629	413	71	ultimately	ultimately	ADV
cblr-8629	413	72	,	,	PUNCT
cblr-8629	413	73	dual	dual	ADJ
cblr-8629	413	74	class	class	NOUN
cblr-8629	413	75	stock	stock	NOUN
cblr-8629	413	76	can	can	AUX
cblr-8629	413	77	vest	vest	VERB
cblr-8629	413	78	perpetual	perpetual	ADJ
cblr-8629	413	79	control	control	NOUN
cblr-8629	413	80	in	in	ADP
cblr-8629	413	81	the	the	DET
cblr-8629	413	82	hands	hand	NOUN
cblr-8629	413	83	of	of	ADP
cblr-8629	413	84	one	one	NUM
cblr-8629	413	85	person	person	NOUN
cblr-8629	413	86	long	long	ADV
cblr-8629	413	87	after	after	SCONJ
cblr-8629	413	88	that	that	DET
cblr-8629	413	89	control	control	NOUN
cblr-8629	413	90	is	be	AUX
cblr-8629	413	91	appropriate.110	appropriate.110	PROPN
cblr-8629	413	92	the	the	DET
cblr-8629	413	93	criticism	criticism	NOUN
cblr-8629	413	94	of	of	ADP
cblr-8629	413	95	dual	dual	ADJ
cblr-8629	413	96	class	class	NOUN
cblr-8629	413	97	structures	structure	NOUN
cblr-8629	413	98	has	have	AUX
cblr-8629	413	99	grown	grow	VERB
cblr-8629	413	100	more	more	ADV
cblr-8629	413	101	strident	strident	ADJ
cblr-8629	413	102	with	with	ADP
cblr-8629	413	103	the	the	DET
cblr-8629	413	104	rise	rise	NOUN
cblr-8629	413	105	of	of	ADP
cblr-8629	413	106	institutional	institutional	ADJ
cblr-8629	413	107	investors	investor	NOUN
cblr-8629	413	108	.	.	PUNCT
cblr-8629	414	1	dual	dual	ADJ
cblr-8629	414	2	class	class	NOUN
cblr-8629	414	3	stock	stock	NOUN
cblr-8629	414	4	tempers	temper	VERB
cblr-8629	414	5	the	the	DET
cblr-8629	414	6	power	power	NOUN
cblr-8629	414	7	of	of	ADP
cblr-8629	414	8	these	these	DET
cblr-8629	414	9	stockholders	stockholder	NOUN
cblr-8629	414	10	,	,	PUNCT
cblr-8629	414	11	shifting	shift	VERB
cblr-8629	414	12	it	it	PRON
cblr-8629	414	13	back	back	ADV
cblr-8629	414	14	to	to	ADP
cblr-8629	414	15	the	the	DET
cblr-8629	414	16	founder	founder	NOUN
cblr-8629	414	17	.	.	PUNCT
cblr-8629	415	1	many	many	ADJ
cblr-8629	415	2	institutional	institutional	ADJ
cblr-8629	415	3	investors	investor	NOUN
cblr-8629	415	4	have	have	AUX
cblr-8629	415	5	responded	respond	VERB
cblr-8629	415	6	by	by	ADP
cblr-8629	415	7	calling	call	VERB
cblr-8629	415	8	for	for	ADP
cblr-8629	415	9	regulatory	regulatory	ADJ
cblr-8629	415	10	limits	limit	NOUN
cblr-8629	415	11	on	on	ADP
cblr-8629	415	12	companies	company	NOUN
cblr-8629	415	13	with	with	ADP
cblr-8629	415	14	dual	dual	ADJ
cblr-8629	415	15	class	class	NOUN
cblr-8629	415	16	emily	emily	PROPN
cblr-8629	415	17	steel	steel	PROPN
cblr-8629	415	18	,	,	PUNCT
cblr-8629	415	19	viacom	viacom	PROPN
cblr-8629	415	20	chiefs	chief	NOUN
cblr-8629	415	21	take	take	VERB
cblr-8629	415	22	trust	trust	NOUN
cblr-8629	415	23	battle	battle	NOUN
cblr-8629	415	24	to	to	ADP
cblr-8629	415	25	court	court	PROPN
cblr-8629	415	26	,	,	PUNCT
cblr-8629	415	27	n.y	n.y	PROPN
cblr-8629	415	28	.	.	PROPN
cblr-8629	415	29	times	times	PROPN
cblr-8629	415	30	,	,	PUNCT
cblr-8629	415	31	may	may	AUX
cblr-8629	415	32	24	24	NUM
cblr-8629	415	33	,	,	PUNCT
cblr-8629	415	34	2016	2016	NUM
cblr-8629	415	35	,	,	PUNCT
cblr-8629	415	36	at	at	ADP
cblr-8629	415	37	b1	b1	NOUN
cblr-8629	415	38	)	)	PUNCT
cblr-8629	415	39	)	)	PUNCT
cblr-8629	415	40	;	;	PUNCT
cblr-8629	415	41	emily	emily	PROPN
cblr-8629	415	42	steel	steel	PROPN
cblr-8629	415	43	,	,	PUNCT
cblr-8629	415	44	viacom	viacom	PROPN
cblr-8629	415	45	board	board	PROPN
cblr-8629	415	46	said	say	VERB
cblr-8629	415	47	to	to	PART
cblr-8629	415	48	end	end	VERB
cblr-8629	415	49	salary	salary	NOUN
cblr-8629	415	50	for	for	ADP
cblr-8629	415	51	sumner	sumner	PROPN
cblr-8629	415	52	redstone	redstone	PROPN
cblr-8629	415	53	,	,	PUNCT
cblr-8629	415	54	n.y	n.y	PROPN
cblr-8629	415	55	.	.	PROPN
cblr-8629	415	56	times	times	PROPN
cblr-8629	415	57	(	(	PUNCT
cblr-8629	415	58	may	may	PROPN
cblr-8629	415	59	18	18	NUM
cblr-8629	415	60	,	,	PUNCT
cblr-8629	415	61	2016	2016	NUM
cblr-8629	415	62	)	)	PUNCT
cblr-8629	415	63	(	(	PUNCT
cblr-8629	415	64	on	on	ADP
cblr-8629	415	65	file	file	NOUN
cblr-8629	415	66	with	with	ADP
cblr-8629	415	67	the	the	DET
cblr-8629	415	68	columbia	columbia	PROPN
cblr-8629	415	69	business	business	PROPN
cblr-8629	415	70	law	law	PROPN
cblr-8629	415	71	review	review	PROPN
cblr-8629	415	72	)	)	PUNCT
cblr-8629	415	73	,	,	PUNCT
cblr-8629	415	74	https://www.nytimes.com/2016/05/19/business/media/viacomboard-said-to-end-salary-for-sumner-redstone.html	https://www.nytimes.com/2016/05/19/business/media/viacomboard-said-to-end-salary-for-sumner-redstone.html	PROPN
cblr-8629	415	75	(	(	PUNCT
cblr-8629	415	76	discussing	discuss	VERB
cblr-8629	415	77	redstone	redstone	NOUN
cblr-8629	415	78	’s	’s	PART
cblr-8629	415	79	compensation	compensation	NOUN
cblr-8629	415	80	)	)	PUNCT
cblr-8629	415	81	.	.	PUNCT
cblr-8629	416	1	106	106	NUM
cblr-8629	416	2	gompers	gomper	NOUN
cblr-8629	416	3	et	et	PROPN
cblr-8629	416	4	al	al	PROPN
cblr-8629	416	5	.	.	PROPN
cblr-8629	416	6	,	,	PUNCT
cblr-8629	416	7	supra	supra	PROPN
cblr-8629	416	8	note	note	PROPN
cblr-8629	416	9	36	36	NUM
cblr-8629	416	10	,	,	PUNCT
cblr-8629	416	11	at	at	ADP
cblr-8629	416	12	1052	1052	NUM
cblr-8629	416	13	(	(	PUNCT
cblr-8629	416	14	describing	describe	VERB
cblr-8629	416	15	dual	dual	ADJ
cblr-8629	416	16	class	class	NOUN
cblr-8629	416	17	stock	stock	NOUN
cblr-8629	416	18	as	as	ADP
cblr-8629	416	19	the	the	DET
cblr-8629	416	20	most	most	ADV
cblr-8629	416	21	extreme	extreme	ADJ
cblr-8629	416	22	example	example	NOUN
cblr-8629	416	23	of	of	ADP
cblr-8629	416	24	antitakeover	antitakeover	ADJ
cblr-8629	416	25	protection	protection	NOUN
cblr-8629	416	26	)	)	PUNCT
cblr-8629	416	27	.	.	PUNCT
cblr-8629	417	1	107	107	NUM
cblr-8629	417	2	see	see	VERB
cblr-8629	417	3	,	,	PUNCT
cblr-8629	417	4	e.g.	e.g.	ADV
cblr-8629	417	5	,	,	PUNCT
cblr-8629	417	6	robert	robert	PROPN
cblr-8629	417	7	daines	daines	PROPN
cblr-8629	417	8	&	&	CCONJ
cblr-8629	417	9	michael	michael	PROPN
cblr-8629	417	10	klausner	klausner	PROPN
cblr-8629	417	11	,	,	PUNCT
cblr-8629	417	12	do	do	AUX
cblr-8629	417	13	ipo	ipo	NOUN
cblr-8629	417	14	charters	charter	NOUN
cblr-8629	417	15	maximize	maximize	VERB
cblr-8629	417	16	firm	firm	ADJ
cblr-8629	417	17	value	value	NOUN
cblr-8629	417	18	?	?	PUNCT
cblr-8629	418	1	antitakeover	antitakeover	ADJ
cblr-8629	418	2	protection	protection	NOUN
cblr-8629	418	3	in	in	ADP
cblr-8629	418	4	ipos	ipos	PROPN
cblr-8629	418	5	,	,	PUNCT
cblr-8629	418	6	17	17	NUM
cblr-8629	418	7	j.l	j.l	PROPN
cblr-8629	418	8	.	.	PROPN
cblr-8629	418	9	econ	econ	PROPN
cblr-8629	418	10	.	.	PROPN
cblr-8629	418	11	&	&	CCONJ
cblr-8629	418	12	org	org	PROPN
cblr-8629	418	13	.	.	PROPN
cblr-8629	418	14	83	83	NUM
cblr-8629	418	15	,	,	PUNCT
cblr-8629	418	16	116–17	116–17	NUM
cblr-8629	418	17	(	(	PUNCT
cblr-8629	418	18	2001	2001	NUM
cblr-8629	418	19	)	)	PUNCT
cblr-8629	418	20	(	(	PUNCT
cblr-8629	418	21	“	"	PUNCT
cblr-8629	418	22	the	the	DET
cblr-8629	418	23	most	most	ADV
cblr-8629	418	24	restrictive	restrictive	ADJ
cblr-8629	418	25	[	[	PUNCT
cblr-8629	418	26	antitakeover	antitakeover	ADJ
cblr-8629	418	27	protection	protection	NOUN
cblr-8629	418	28	]	]	PUNCT
cblr-8629	418	29	is	be	AUX
cblr-8629	418	30	either	either	CCONJ
cblr-8629	418	31	dual	dual	ADJ
cblr-8629	418	32	-	-	PUNCT
cblr-8629	418	33	class	class	NOUN
cblr-8629	418	34	or	or	CCONJ
cblr-8629	418	35	a	a	DET
cblr-8629	418	36	staggered	staggered	ADJ
cblr-8629	418	37	board	board	NOUN
cblr-8629	418	38	combined	combine	VERB
cblr-8629	418	39	with	with	ADP
cblr-8629	418	40	prohibitions	prohibition	NOUN
cblr-8629	418	41	on	on	ADP
cblr-8629	418	42	voting	vote	VERB
cblr-8629	418	43	by	by	ADP
cblr-8629	418	44	written	write	VERB
cblr-8629	418	45	consent	consent	NOUN
cblr-8629	418	46	and	and	CCONJ
cblr-8629	418	47	prohibitions	prohibition	NOUN
cblr-8629	418	48	on	on	ADP
cblr-8629	418	49	shareholders	shareholder	NOUN
cblr-8629	418	50	calling	call	VERB
cblr-8629	418	51	a	a	DET
cblr-8629	418	52	special	special	ADJ
cblr-8629	418	53	meeting	meeting	NOUN
cblr-8629	418	54	.	.	PUNCT
cblr-8629	418	55	”	"	PUNCT
cblr-8629	418	56	)	)	PUNCT
cblr-8629	418	57	.	.	PUNCT
cblr-8629	419	1	108	108	NUM
cblr-8629	419	2	see	see	VERB
cblr-8629	419	3	kobi	kobi	PROPN
cblr-8629	419	4	kastiel	kastiel	PROPN
cblr-8629	419	5	,	,	PUNCT
cblr-8629	419	6	against	against	ADP
cblr-8629	419	7	all	all	DET
cblr-8629	419	8	odds	odd	NOUN
cblr-8629	419	9	:	:	PUNCT
cblr-8629	419	10	hedge	hedge	NOUN
cblr-8629	419	11	fund	fund	NOUN
cblr-8629	419	12	activism	activism	NOUN
cblr-8629	419	13	in	in	ADP
cblr-8629	419	14	controlled	control	VERB
cblr-8629	419	15	companies	company	NOUN
cblr-8629	419	16	,	,	PUNCT
cblr-8629	419	17	2016	2016	NUM
cblr-8629	419	18	colum	colum	NOUN
cblr-8629	419	19	.	.	PUNCT
cblr-8629	420	1	bus	bus	NOUN
cblr-8629	420	2	.	.	PUNCT
cblr-8629	421	1	l.	l.	PROPN
cblr-8629	421	2	rev	rev	PROPN
cblr-8629	421	3	.	.	PROPN
cblr-8629	421	4	60	60	NUM
cblr-8629	421	5	,	,	PUNCT
cblr-8629	421	6	93–95	93–95	NUM
cblr-8629	421	7	(	(	PUNCT
cblr-8629	421	8	observing	observe	VERB
cblr-8629	421	9	variations	variation	NOUN
cblr-8629	421	10	in	in	ADP
cblr-8629	421	11	the	the	DET
cblr-8629	421	12	effect	effect	NOUN
cblr-8629	421	13	depending	depend	VERB
cblr-8629	421	14	on	on	ADP
cblr-8629	421	15	the	the	DET
cblr-8629	421	16	type	type	NOUN
cblr-8629	421	17	of	of	ADP
cblr-8629	421	18	dual	dual	ADJ
cblr-8629	421	19	class	class	NOUN
cblr-8629	421	20	structure	structure	NOUN
cblr-8629	421	21	used	use	VERB
cblr-8629	421	22	by	by	ADP
cblr-8629	421	23	a	a	DET
cblr-8629	421	24	company	company	NOUN
cblr-8629	421	25	)	)	PUNCT
cblr-8629	421	26	.	.	PUNCT
cblr-8629	422	1	109	109	NUM
cblr-8629	422	2	see	see	NOUN
cblr-8629	422	3	,	,	PUNCT
cblr-8629	422	4	e.g.	e.g.	ADV
cblr-8629	422	5	,	,	PUNCT
cblr-8629	422	6	kara	kara	PROPN
cblr-8629	422	7	m.	m.	PROPN
cblr-8629	422	8	stein	stein	PROPN
cblr-8629	422	9	.	.	PROPN
cblr-8629	422	10	,	,	PUNCT
cblr-8629	422	11	comm’r	comm’r	ADP
cblr-8629	422	12	,	,	PUNCT
cblr-8629	422	13	u.s	u.s	PROPN
cblr-8629	422	14	.	.	PROPN
cblr-8629	422	15	sec	sec	PROPN
cblr-8629	422	16	.	.	PROPN
cblr-8629	422	17	&	&	CCONJ
cblr-8629	422	18	exch	exch	PROPN
cblr-8629	422	19	.	.	PUNCT
cblr-8629	423	1	comm’n	comm’n	NOUN
cblr-8629	423	2	,	,	PUNCT
cblr-8629	423	3	mutualism	mutualism	NOUN
cblr-8629	423	4	:	:	PUNCT
cblr-8629	423	5	reimagining	reimagine	VERB
cblr-8629	423	6	the	the	DET
cblr-8629	423	7	role	role	NOUN
cblr-8629	423	8	of	of	ADP
cblr-8629	423	9	shareholders	shareholder	NOUN
cblr-8629	423	10	in	in	ADP
cblr-8629	423	11	modern	modern	ADJ
cblr-8629	423	12	corporate	corporate	ADJ
cblr-8629	423	13	governance	governance	NOUN
cblr-8629	423	14	(	(	PUNCT
cblr-8629	423	15	feb	feb	PROPN
cblr-8629	423	16	.	.	PROPN
cblr-8629	423	17	13	13	NUM
cblr-8629	423	18	,	,	PUNCT
cblr-8629	423	19	2018	2018	NUM
cblr-8629	423	20	)	)	PUNCT
cblr-8629	423	21	,	,	PUNCT
cblr-8629	423	22	https://www.sec.gov/news/speech/speech-stein021318	https://www.sec.gov/news/speech/speech-stein021318	CCONJ
cblr-8629	424	1	[	[	X
cblr-8629	424	2	https://perma.cc/3ypg-c8c3	https://perma.cc/3ypg-c8c3	X
cblr-8629	424	3	]	]	X
cblr-8629	424	4	(	(	PUNCT
cblr-8629	424	5	stating	state	VERB
cblr-8629	424	6	that	that	SCONJ
cblr-8629	424	7	dual	dual	ADJ
cblr-8629	424	8	class	class	NOUN
cblr-8629	424	9	structures	structure	NOUN
cblr-8629	424	10	are	be	AUX
cblr-8629	424	11	“	"	PUNCT
cblr-8629	424	12	inherently	inherently	ADV
cblr-8629	424	13	undemocratic	undemocratic	ADJ
cblr-8629	424	14	,	,	PUNCT
cblr-8629	424	15	disconnecting	disconnect	VERB
cblr-8629	424	16	the	the	DET
cblr-8629	424	17	interests	interest	NOUN
cblr-8629	424	18	of	of	ADP
cblr-8629	424	19	a	a	DET
cblr-8629	424	20	company	company	NOUN
cblr-8629	424	21	’s	’s	PART
cblr-8629	424	22	controlling	control	VERB
cblr-8629	424	23	shareholders	shareholder	NOUN
cblr-8629	424	24	from	from	ADP
cblr-8629	424	25	its	its	PRON
cblr-8629	424	26	other	other	ADJ
cblr-8629	424	27	shareholders	shareholder	NOUN
cblr-8629	424	28	”	"	PUNCT
cblr-8629	424	29	)	)	PUNCT
cblr-8629	424	30	.	.	PUNCT
cblr-8629	425	1	110	110	NUM
cblr-8629	425	2	see	see	VERB
cblr-8629	425	3	bebchuk	bebchuk	PROPN
cblr-8629	425	4	&	&	CCONJ
cblr-8629	425	5	kastiel	kastiel	PROPN
cblr-8629	425	6	,	,	PUNCT
cblr-8629	425	7	supra	supra	PROPN
cblr-8629	425	8	note	note	NOUN
cblr-8629	425	9	91	91	NUM
cblr-8629	425	10	,	,	PUNCT
cblr-8629	425	11	at	at	ADP
cblr-8629	425	12	590	590	NUM
cblr-8629	425	13	.	.	PUNCT
cblr-8629	426	1	ahn	ahn	PROPN
cblr-8629	426	2	et	et	PROPN
cblr-8629	426	3	al	al	PROPN
cblr-8629	426	4	.	.	PROPN
cblr-8629	427	1	8/20/2021	8/20/2021	NUM
cblr-8629	427	2	6:14	6:14	NUM
cblr-8629	427	3	pm	pm	NOUN
cblr-8629	427	4	504	504	NUM
cblr-8629	427	5	columbia	columbia	PROPN
cblr-8629	427	6	business	business	NOUN
cblr-8629	427	7	law	law	NOUN
cblr-8629	427	8	review	review	NOUN
cblr-8629	427	9	[	[	X
cblr-8629	427	10	vol	vol	NOUN
cblr-8629	427	11	.	.	PUNCT
cblr-8629	427	12	2021	2021	NUM
cblr-8629	428	1	structures.111	structures.111	VERB
cblr-8629	428	2	the	the	DET
cblr-8629	428	3	cii	cii	PROPN
cblr-8629	428	4	,	,	PUNCT
cblr-8629	428	5	for	for	ADP
cblr-8629	428	6	example	example	NOUN
cblr-8629	428	7	,	,	PUNCT
cblr-8629	428	8	explains	explain	VERB
cblr-8629	428	9	that	that	SCONJ
cblr-8629	428	10	“	"	PUNCT
cblr-8629	428	11	the	the	DET
cblr-8629	428	12	‘	'	PUNCT
cblr-8629	428	13	one	one	NUM
cblr-8629	428	14	share	share	NOUN
cblr-8629	428	15	,	,	PUNCT
cblr-8629	428	16	one	one	NUM
cblr-8629	428	17	vote	vote	NOUN
cblr-8629	428	18	’	'	PUNCT
cblr-8629	428	19	principle	principle	NOUN
cblr-8629	428	20	has	have	AUX
cblr-8629	428	21	been	be	AUX
cblr-8629	428	22	a	a	DET
cblr-8629	428	23	core	core	NOUN
cblr-8629	428	24	focus	focus	NOUN
cblr-8629	428	25	for	for	ADP
cblr-8629	428	26	cii	cii	PROPN
cblr-8629	428	27	since	since	SCONJ
cblr-8629	428	28	its	its	PRON
cblr-8629	428	29	founding	founding	NOUN
cblr-8629	428	30	in	in	ADP
cblr-8629	428	31	the	the	DET
cblr-8629	428	32	1980s,”112	1980s,”112	PROPN
cblr-8629	428	33	and	and	CCONJ
cblr-8629	428	34	the	the	DET
cblr-8629	428	35	group	group	NOUN
cblr-8629	428	36	has	have	AUX
cblr-8629	428	37	actively	actively	ADV
cblr-8629	428	38	campaigned	campaign	VERB
cblr-8629	428	39	against	against	ADP
cblr-8629	428	40	dual	dual	ADJ
cblr-8629	428	41	class	class	NOUN
cblr-8629	428	42	structures.113	structures.113	NOUN
cblr-8629	428	43	despite	despite	SCONJ
cblr-8629	428	44	the	the	DET
cblr-8629	428	45	limited	limited	ADJ
cblr-8629	428	46	success	success	NOUN
cblr-8629	428	47	of	of	ADP
cblr-8629	428	48	institutions	institution	NOUN
cblr-8629	428	49	in	in	ADP
cblr-8629	428	50	persuading	persuade	VERB
cblr-8629	428	51	some	some	DET
cblr-8629	428	52	index	index	NOUN
cblr-8629	428	53	providers	provider	NOUN
cblr-8629	428	54	to	to	PART
cblr-8629	428	55	exclude	exclude	VERB
cblr-8629	428	56	dual	dual	ADJ
cblr-8629	428	57	class	class	NOUN
cblr-8629	428	58	companies	company	NOUN
cblr-8629	428	59	from	from	ADP
cblr-8629	428	60	their	their	PRON
cblr-8629	428	61	indexes,114	indexes,114	NOUN
cblr-8629	428	62	to	to	ADP
cblr-8629	428	63	date	date	NOUN
cblr-8629	428	64	neither	neither	CCONJ
cblr-8629	428	65	the	the	DET
cblr-8629	428	66	sec	sec	PROPN
cblr-8629	428	67	nor	nor	CCONJ
cblr-8629	428	68	the	the	DET
cblr-8629	428	69	stock	stock	NOUN
cblr-8629	428	70	exchanges	exchange	NOUN
cblr-8629	428	71	appear	appear	VERB
cblr-8629	428	72	willing	willing	ADJ
cblr-8629	428	73	to	to	PART
cblr-8629	428	74	prohibit	prohibit	VERB
cblr-8629	428	75	dual	dual	ADJ
cblr-8629	428	76	class	class	NOUN
cblr-8629	428	77	structures	structure	NOUN
cblr-8629	428	78	.	.	PUNCT
cblr-8629	429	1	in	in	ADP
cblr-8629	429	2	the	the	DET
cblr-8629	429	3	absence	absence	NOUN
cblr-8629	429	4	of	of	ADP
cblr-8629	429	5	regulation	regulation	NOUN
cblr-8629	429	6	,	,	PUNCT
cblr-8629	429	7	issuers	issuer	NOUN
cblr-8629	429	8	continue	continue	VERB
cblr-8629	429	9	to	to	PART
cblr-8629	429	10	go	go	VERB
cblr-8629	429	11	public	public	ADJ
cblr-8629	429	12	with	with	ADP
cblr-8629	429	13	dual	dual	ADJ
cblr-8629	429	14	class	class	NOUN
cblr-8629	429	15	voting	vote	VERB
cblr-8629	429	16	structures.115	structures.115	NOUN
cblr-8629	429	17	this	this	DET
cblr-8629	429	18	impasse	impasse	NOUN
cblr-8629	429	19	has	have	AUX
cblr-8629	429	20	led	lead	VERB
cblr-8629	429	21	commentators	commentator	NOUN
cblr-8629	429	22	to	to	PART
cblr-8629	429	23	shift	shift	VERB
cblr-8629	429	24	to	to	ADP
cblr-8629	429	25	a	a	DET
cblr-8629	429	26	compromise	compromise	NOUN
cblr-8629	429	27	position	position	NOUN
cblr-8629	429	28	:	:	PUNCT
cblr-8629	429	29	the	the	DET
cblr-8629	429	30	mandatory	mandatory	ADJ
cblr-8629	429	31	sunset	sunset	NOUN
cblr-8629	429	32	.	.	PUNCT
cblr-8629	430	1	they	they	PRON
cblr-8629	430	2	argue	argue	VERB
cblr-8629	430	3	that	that	SCONJ
cblr-8629	430	4	,	,	PUNCT
cblr-8629	430	5	if	if	SCONJ
cblr-8629	430	6	a	a	DET
cblr-8629	430	7	company	company	NOUN
cblr-8629	430	8	goes	go	VERB
cblr-8629	430	9	public	public	ADJ
cblr-8629	430	10	with	with	ADP
cblr-8629	430	11	a	a	DET
cblr-8629	430	12	dual	dual	ADJ
cblr-8629	430	13	class	class	NOUN
cblr-8629	430	14	voting	voting	NOUN
cblr-8629	430	15	structure	structure	NOUN
cblr-8629	430	16	,	,	PUNCT
cblr-8629	430	17	that	that	DET
cblr-8629	430	18	structure	structure	NOUN
cblr-8629	430	19	should	should	AUX
cblr-8629	430	20	terminate	terminate	VERB
cblr-8629	430	21	automatically	automatically	ADV
cblr-8629	430	22	a	a	DET
cblr-8629	430	23	designated	designate	VERB
cblr-8629	430	24	number	number	NOUN
cblr-8629	430	25	of	of	ADP
cblr-8629	430	26	years	year	NOUN
cblr-8629	430	27	after	after	ADP
cblr-8629	430	28	the	the	DET
cblr-8629	430	29	ipo.116	ipo.116	NOUN
cblr-8629	430	30	the	the	DET
cblr-8629	430	31	justification	justification	NOUN
cblr-8629	430	32	for	for	ADP
cblr-8629	430	33	sunset	sunset	NOUN
cblr-8629	430	34	provisions	provision	NOUN
cblr-8629	430	35	is	be	AUX
cblr-8629	430	36	based	base	VERB
cblr-8629	430	37	on	on	ADP
cblr-8629	430	38	the	the	DET
cblr-8629	430	39	proposition	proposition	NOUN
cblr-8629	430	40	that	that	SCONJ
cblr-8629	430	41	any	any	DET
cblr-8629	430	42	value	value	NOUN
cblr-8629	430	43	that	that	PRON
cblr-8629	430	44	a	a	DET
cblr-8629	430	45	111	111	NUM
cblr-8629	430	46	see	see	NOUN
cblr-8629	430	47	bradford	bradford	NOUN
cblr-8629	430	48	,	,	PUNCT
cblr-8629	430	49	supra	supra	PROPN
cblr-8629	430	50	note	note	PROPN
cblr-8629	430	51	64	64	NUM
cblr-8629	430	52	(	(	PUNCT
cblr-8629	430	53	describing	describe	VERB
cblr-8629	430	54	the	the	DET
cblr-8629	430	55	cii	cii	PROPN
cblr-8629	430	56	’s	’s	PART
cblr-8629	430	57	petitions	petition	NOUN
cblr-8629	430	58	to	to	ADP
cblr-8629	430	59	the	the	DET
cblr-8629	430	60	nyse	nyse	PROPN
cblr-8629	430	61	and	and	CCONJ
cblr-8629	430	62	nasdaq	nasdaq	PROPN
cblr-8629	430	63	,	,	PUNCT
cblr-8629	430	64	which	which	PRON
cblr-8629	430	65	were	be	AUX
cblr-8629	430	66	supported	support	VERB
cblr-8629	430	67	by	by	ADP
cblr-8629	430	68	blackrock	blackrock	NOUN
cblr-8629	430	69	and	and	CCONJ
cblr-8629	430	70	t.	t.	PROPN
cblr-8629	430	71	rowe	rowe	PROPN
cblr-8629	430	72	price	price	PROPN
cblr-8629	430	73	)	)	PUNCT
cblr-8629	430	74	.	.	PUNCT
cblr-8629	431	1	the	the	DET
cblr-8629	431	2	sec	sec	PROPN
cblr-8629	431	3	attempted	attempt	VERB
cblr-8629	431	4	to	to	PART
cblr-8629	431	5	prohibit	prohibit	VERB
cblr-8629	431	6	the	the	DET
cblr-8629	431	7	nyse	nyse	NOUN
cblr-8629	431	8	from	from	ADP
cblr-8629	431	9	amending	amend	VERB
cblr-8629	431	10	its	its	PRON
cblr-8629	431	11	listing	listing	NOUN
cblr-8629	431	12	requirements	requirement	NOUN
cblr-8629	431	13	to	to	PART
cblr-8629	431	14	permit	permit	VERB
cblr-8629	431	15	dual	dual	ADJ
cblr-8629	431	16	class	class	NOUN
cblr-8629	431	17	companies	company	NOUN
cblr-8629	431	18	,	,	PUNCT
cblr-8629	431	19	but	but	CCONJ
cblr-8629	431	20	its	its	PRON
cblr-8629	431	21	effort	effort	NOUN
cblr-8629	431	22	was	be	AUX
cblr-8629	431	23	invalidated	invalidate	VERB
cblr-8629	431	24	by	by	ADP
cblr-8629	431	25	the	the	DET
cblr-8629	431	26	d.c	d.c	PROPN
cblr-8629	431	27	.	.	PROPN
cblr-8629	431	28	circuit	circuit	PROPN
cblr-8629	431	29	court	court	PROPN
cblr-8629	431	30	of	of	ADP
cblr-8629	431	31	appeals	appeal	NOUN
cblr-8629	431	32	.	.	PUNCT
cblr-8629	432	1	bus	bus	NOUN
cblr-8629	432	2	.	.	PUNCT
cblr-8629	433	1	roundtable	roundtable	PROPN
cblr-8629	433	2	v.	v.	ADP
cblr-8629	433	3	sec	sec	PROPN
cblr-8629	433	4	,	,	PUNCT
cblr-8629	433	5	905	905	NUM
cblr-8629	433	6	f.2d	f.2d	NUM
cblr-8629	433	7	406	406	NUM
cblr-8629	433	8	,	,	PUNCT
cblr-8629	433	9	407	407	NUM
cblr-8629	433	10	(	(	PUNCT
cblr-8629	433	11	d.c	d.c	PROPN
cblr-8629	433	12	.	.	PROPN
cblr-8629	433	13	cir	cir	PROPN
cblr-8629	433	14	.	.	PROPN
cblr-8629	433	15	1990	1990	NUM
cblr-8629	433	16	)	)	PUNCT
cblr-8629	433	17	.	.	PUNCT
cblr-8629	434	1	112	112	NUM
cblr-8629	434	2	dual	dual	ADJ
cblr-8629	434	3	-	-	PUNCT
cblr-8629	434	4	class	class	NOUN
cblr-8629	434	5	stock	stock	NOUN
cblr-8629	434	6	,	,	PUNCT
cblr-8629	434	7	supra	supra	PROPN
cblr-8629	434	8	note	note	VERB
cblr-8629	434	9	87	87	NUM
cblr-8629	434	10	.	.	PUNCT
cblr-8629	435	1	113	113	NUM
cblr-8629	435	2	i	i	PRON
cblr-8629	435	3	d.	d.	PROPN
cblr-8629	435	4	114	114	NUM
cblr-8629	435	5	see	see	VERB
cblr-8629	435	6	hirst	hirst	PROPN
cblr-8629	435	7	&	&	CCONJ
cblr-8629	435	8	kastiel	kastiel	PROPN
cblr-8629	435	9	,	,	PUNCT
cblr-8629	435	10	supra	supra	PROPN
cblr-8629	435	11	note	note	PROPN
cblr-8629	435	12	65	65	NUM
cblr-8629	435	13	,	,	PUNCT
cblr-8629	435	14	at	at	ADP
cblr-8629	435	15	1266	1266	NUM
cblr-8629	435	16	.	.	PUNCT
cblr-8629	436	1	115	115	NUM
cblr-8629	436	2	warner	warner	PROPN
cblr-8629	436	3	music	music	NOUN
cblr-8629	436	4	group	group	NOUN
cblr-8629	436	5	,	,	PUNCT
cblr-8629	436	6	for	for	ADP
cblr-8629	436	7	example	example	NOUN
cblr-8629	436	8	,	,	PUNCT
cblr-8629	436	9	recently	recently	ADV
cblr-8629	436	10	went	go	VERB
cblr-8629	436	11	public	public	ADJ
cblr-8629	436	12	,	,	PUNCT
cblr-8629	436	13	raising	raise	VERB
cblr-8629	436	14	$	$	SYM
cblr-8629	436	15	1.925	1.925	NUM
cblr-8629	436	16	billion	billion	NUM
cblr-8629	436	17	utilizing	utilize	VERB
cblr-8629	436	18	dual	dual	ADJ
cblr-8629	436	19	class	class	NOUN
cblr-8629	436	20	stock	stock	NOUN
cblr-8629	436	21	with	with	ADP
cblr-8629	436	22	the	the	DET
cblr-8629	436	23	high	high	ADJ
cblr-8629	436	24	-	-	PUNCT
cblr-8629	436	25	vote	vote	NOUN
cblr-8629	436	26	stock	stock	NOUN
cblr-8629	436	27	having	have	VERB
cblr-8629	436	28	twenty	twenty	NUM
cblr-8629	436	29	votes	vote	NOUN
cblr-8629	436	30	per	per	ADP
cblr-8629	436	31	share	share	NOUN
cblr-8629	436	32	.	.	PUNCT
cblr-8629	437	1	see	see	VERB
cblr-8629	437	2	warner	warner	PROPN
cblr-8629	437	3	music	music	PROPN
cblr-8629	437	4	grp	grp	PROPN
cblr-8629	437	5	.	.	PROPN
cblr-8629	437	6	corp	corp	PROPN
cblr-8629	437	7	.	.	PROPN
cblr-8629	437	8	,	,	PUNCT
cblr-8629	437	9	amendment	amendment	PROPN
cblr-8629	437	10	no	no	NOUN
cblr-8629	437	11	.	.	NOUN
cblr-8629	437	12	2	2	NUM
cblr-8629	437	13	to	to	PART
cblr-8629	437	14	form	form	VERB
cblr-8629	437	15	s-1	s-1	NOUN
cblr-8629	437	16	registration	registration	NOUN
cblr-8629	437	17	statement	statement	NOUN
cblr-8629	437	18	(	(	PUNCT
cblr-8629	437	19	form	form	NOUN
cblr-8629	437	20	s-1	s-1	PROPN
cblr-8629	437	21	/	/	SYM
cblr-8629	437	22	a	a	NOUN
cblr-8629	437	23	)	)	PUNCT
cblr-8629	437	24	,	,	PUNCT
cblr-8629	437	25	at	at	ADP
cblr-8629	437	26	15	15	NUM
cblr-8629	437	27	(	(	PUNCT
cblr-8629	437	28	may	may	PROPN
cblr-8629	437	29	26	26	NUM
cblr-8629	437	30	,	,	PUNCT
cblr-8629	437	31	2020	2020	NUM
cblr-8629	437	32	)	)	PUNCT
cblr-8629	437	33	(	(	PUNCT
cblr-8629	437	34	“	"	PUNCT
cblr-8629	437	35	upon	upon	SCONJ
cblr-8629	437	36	completion	completion	NOUN
cblr-8629	437	37	of	of	ADP
cblr-8629	437	38	this	this	DET
cblr-8629	437	39	offering	offering	NOUN
cblr-8629	437	40	,	,	PUNCT
cblr-8629	437	41	we	we	PRON
cblr-8629	437	42	will	will	AUX
cblr-8629	437	43	have	have	VERB
cblr-8629	437	44	two	two	NUM
cblr-8629	437	45	classes	class	NOUN
cblr-8629	437	46	of	of	ADP
cblr-8629	437	47	voting	vote	VERB
cblr-8629	437	48	common	common	ADJ
cblr-8629	437	49	stock	stock	NOUN
cblr-8629	437	50	,	,	PUNCT
cblr-8629	437	51	class	class	NOUN
cblr-8629	437	52	a	a	DET
cblr-8629	437	53	common	common	ADJ
cblr-8629	437	54	stock	stock	NOUN
cblr-8629	437	55	and	and	CCONJ
cblr-8629	437	56	class	class	NOUN
cblr-8629	437	57	b	b	PROPN
cblr-8629	437	58	common	common	ADJ
cblr-8629	437	59	stock	stock	NOUN
cblr-8629	437	60	.	.	PUNCT
cblr-8629	438	1	each	each	DET
cblr-8629	438	2	share	share	NOUN
cblr-8629	438	3	of	of	ADP
cblr-8629	438	4	class	class	NOUN
cblr-8629	438	5	a	a	DET
cblr-8629	438	6	common	common	ADJ
cblr-8629	438	7	stock	stock	NOUN
cblr-8629	438	8	is	be	AUX
cblr-8629	438	9	entitled	entitle	VERB
cblr-8629	438	10	to	to	ADP
cblr-8629	438	11	one	one	NUM
cblr-8629	438	12	vote	vote	NOUN
cblr-8629	438	13	per	per	ADP
cblr-8629	438	14	share	share	NOUN
cblr-8629	438	15	and	and	CCONJ
cblr-8629	438	16	each	each	DET
cblr-8629	438	17	share	share	NOUN
cblr-8629	438	18	of	of	ADP
cblr-8629	438	19	class	class	NOUN
cblr-8629	438	20	b	b	PROPN
cblr-8629	438	21	common	common	ADJ
cblr-8629	438	22	stock	stock	NOUN
cblr-8629	438	23	is	be	AUX
cblr-8629	438	24	entitled	entitle	VERB
cblr-8629	438	25	to	to	ADP
cblr-8629	438	26	20	20	NUM
cblr-8629	438	27	votes	vote	NOUN
cblr-8629	438	28	per	per	ADP
cblr-8629	438	29	share	share	NOUN
cblr-8629	438	30	.	.	PUNCT
cblr-8629	438	31	”	"	PUNCT
cblr-8629	438	32	)	)	PUNCT
cblr-8629	438	33	;	;	PUNCT
cblr-8629	438	34	press	press	NOUN
cblr-8629	438	35	release	release	NOUN
cblr-8629	438	36	,	,	PUNCT
cblr-8629	438	37	warner	warner	PROPN
cblr-8629	438	38	music	music	PROPN
cblr-8629	438	39	grp	grp	PROPN
cblr-8629	438	40	.	.	PROPN
cblr-8629	438	41	,	,	PUNCT
cblr-8629	438	42	warner	warner	PROPN
cblr-8629	438	43	music	music	PROPN
cblr-8629	438	44	group	group	PROPN
cblr-8629	438	45	corp	corp	PROPN
cblr-8629	438	46	.	.	PROPN
cblr-8629	438	47	announces	announce	VERB
cblr-8629	438	48	pricing	pricing	NOUN
cblr-8629	438	49	of	of	ADP
cblr-8629	438	50	initial	initial	ADJ
cblr-8629	438	51	public	public	ADJ
cblr-8629	438	52	offering	offering	NOUN
cblr-8629	438	53	(	(	PUNCT
cblr-8629	438	54	june	june	PROPN
cblr-8629	438	55	3	3	NUM
cblr-8629	438	56	,	,	PUNCT
cblr-8629	438	57	2020	2020	NUM
cblr-8629	438	58	)	)	PUNCT
cblr-8629	438	59	,	,	PUNCT
cblr-8629	438	60	https://www.wmg.com/news/warner	https://www.wmg.com/news/warner	PROPN
cblr-8629	438	61	-music	-music	PROPN
cblr-8629	438	62	-	-	PUNCT
cblr-8629	438	63	groupcorp	groupcorp	NOUN
cblr-8629	438	64	-	-	PUNCT
cblr-8629	438	65	announces	announce	NOUN
cblr-8629	438	66	-	-	PUNCT
cblr-8629	438	67	pricing	pricing	NOUN
cblr-8629	438	68	-	-	PUNCT
cblr-8629	438	69	initial	initial	ADJ
cblr-8629	438	70	-	-	PUNCT
cblr-8629	438	71	public	public	ADJ
cblr-8629	438	72	-	-	PUNCT
cblr-8629	438	73	offering-34826	offering-34826	ADJ
cblr-8629	438	74	[	[	X
cblr-8629	438	75	https://perma.cc/8d9v-t2tk	https://perma.cc/8d9v-t2tk	X
cblr-8629	438	76	]	]	X
cblr-8629	438	77	(	(	PUNCT
cblr-8629	438	78	reporting	report	VERB
cblr-8629	438	79	the	the	DET
cblr-8629	438	80	offering	offering	NOUN
cblr-8629	438	81	price	price	NOUN
cblr-8629	438	82	)	)	PUNCT
cblr-8629	438	83	.	.	PUNCT
cblr-8629	439	1	116	116	NUM
cblr-8629	439	2	see	see	VERB
cblr-8629	439	3	,	,	PUNCT
cblr-8629	439	4	e.g.	e.g.	ADV
cblr-8629	439	5	,	,	PUNCT
cblr-8629	439	6	andrew	andrew	PROPN
cblr-8629	439	7	william	william	PROPN
cblr-8629	439	8	winden	winden	PROPN
cblr-8629	439	9	,	,	PUNCT
cblr-8629	439	10	sunrise	sunrise	NOUN
cblr-8629	439	11	,	,	PUNCT
cblr-8629	439	12	sunset	sunset	NOUN
cblr-8629	439	13	:	:	PUNCT
cblr-8629	439	14	an	an	DET
cblr-8629	439	15	empirical	empirical	ADJ
cblr-8629	439	16	and	and	CCONJ
cblr-8629	439	17	theoretical	theoretical	ADJ
cblr-8629	439	18	assessment	assessment	NOUN
cblr-8629	439	19	of	of	ADP
cblr-8629	439	20	dual	dual	ADJ
cblr-8629	439	21	-	-	PUNCT
cblr-8629	439	22	class	class	NOUN
cblr-8629	439	23	stock	stock	NOUN
cblr-8629	439	24	structures	structure	NOUN
cblr-8629	439	25	,	,	PUNCT
cblr-8629	439	26	2018	2018	NUM
cblr-8629	439	27	colum	colum	NOUN
cblr-8629	439	28	.	.	PUNCT
cblr-8629	440	1	bus	bus	NOUN
cblr-8629	440	2	.	.	PUNCT
cblr-8629	441	1	l.	l.	PROPN
cblr-8629	441	2	rev	rev	PROPN
cblr-8629	441	3	.	.	PROPN
cblr-8629	441	4	852	852	NUM
cblr-8629	441	5	,	,	PUNCT
cblr-8629	441	6	870	870	NUM
cblr-8629	441	7	(	(	PUNCT
cblr-8629	441	8	describing	describe	VERB
cblr-8629	441	9	time	time	NOUN
cblr-8629	441	10	-	-	PUNCT
cblr-8629	441	11	based	base	VERB
cblr-8629	441	12	sunsets	sunset	NOUN
cblr-8629	441	13	as	as	ADP
cblr-8629	441	14	“	"	PUNCT
cblr-8629	441	15	presumably	presumably	ADV
cblr-8629	441	16	what	what	PRON
cblr-8629	441	17	most	most	ADJ
cblr-8629	441	18	institutional	institutional	ADJ
cblr-8629	441	19	investors	investor	NOUN
cblr-8629	441	20	and	and	CCONJ
cblr-8629	441	21	proxy	proxy	NOUN
cblr-8629	441	22	advisors	advisor	NOUN
cblr-8629	441	23	are	be	AUX
cblr-8629	441	24	referring	refer	VERB
cblr-8629	441	25	to	to	ADP
cblr-8629	441	26	when	when	SCONJ
cblr-8629	441	27	they	they	PRON
cblr-8629	441	28	insist	insist	VERB
cblr-8629	441	29	that	that	SCONJ
cblr-8629	441	30	dual	dual	ADJ
cblr-8629	441	31	-	-	PUNCT
cblr-8629	441	32	class	class	NOUN
cblr-8629	441	33	companies	company	NOUN
cblr-8629	441	34	must	must	AUX
cblr-8629	441	35	adopt	adopt	VERB
cblr-8629	441	36	reasonable	reasonable	ADJ
cblr-8629	441	37	sunset	sunset	NOUN
cblr-8629	441	38	provisions	provision	NOUN
cblr-8629	441	39	”	"	PUNCT
cblr-8629	441	40	)	)	PUNCT
cblr-8629	441	41	.	.	PUNCT
cblr-8629	442	1	ahn	ahn	PROPN
cblr-8629	442	2	et	et	PROPN
cblr-8629	442	3	al	al	PROPN
cblr-8629	442	4	.	.	PROPN
cblr-8629	443	1	8/20/2021	8/20/2021	NUM
cblr-8629	443	2	6:14	6:14	NUM
cblr-8629	443	3	pm	pm	NOUN
cblr-8629	443	4	no	no	NOUN
cblr-8629	443	5	.	.	PUNCT
cblr-8629	444	1	2:476	2:476	NUM
cblr-8629	444	2	]	]	X
cblr-8629	444	3	synthetic	synthetic	ADJ
cblr-8629	444	4	governance	governance	NOUN
cblr-8629	444	5	505	505	NUM
cblr-8629	444	6	dual	dual	ADJ
cblr-8629	444	7	class	class	NOUN
cblr-8629	444	8	structure	structure	NOUN
cblr-8629	444	9	provides	provide	VERB
cblr-8629	444	10	by	by	ADP
cblr-8629	444	11	insulating	insulate	VERB
cblr-8629	444	12	the	the	DET
cblr-8629	444	13	founders	founder	NOUN
cblr-8629	444	14	of	of	ADP
cblr-8629	444	15	newly	newly	ADV
cblr-8629	444	16	-	-	PUNCT
cblr-8629	444	17	public	public	ADJ
cblr-8629	444	18	companies	company	NOUN
cblr-8629	444	19	from	from	ADP
cblr-8629	444	20	shareholder	shareholder	NOUN
cblr-8629	444	21	interference	interference	NOUN
cblr-8629	444	22	likely	likely	ADV
cblr-8629	444	23	dissipates	dissipate	VERB
cblr-8629	444	24	over	over	ADP
cblr-8629	444	25	time	time	NOUN
cblr-8629	444	26	.	.	PUNCT
cblr-8629	445	1	eventually	eventually	ADV
cblr-8629	445	2	,	,	PUNCT
cblr-8629	445	3	the	the	DET
cblr-8629	445	4	benefits	benefit	NOUN
cblr-8629	445	5	of	of	ADP
cblr-8629	445	6	the	the	DET
cblr-8629	445	7	dual	dual	ADJ
cblr-8629	445	8	class	class	NOUN
cblr-8629	445	9	structure	structure	NOUN
cblr-8629	445	10	decline	decline	NOUN
cblr-8629	445	11	to	to	ADP
cblr-8629	445	12	the	the	DET
cblr-8629	445	13	point	point	NOUN
cblr-8629	445	14	where	where	SCONJ
cblr-8629	445	15	they	they	PRON
cblr-8629	445	16	are	be	AUX
cblr-8629	445	17	outweighed	outweigh	VERB
cblr-8629	445	18	by	by	ADP
cblr-8629	445	19	the	the	DET
cblr-8629	445	20	associated	associated	ADJ
cblr-8629	445	21	agency	agency	NOUN
cblr-8629	445	22	costs	cost	NOUN
cblr-8629	445	23	of	of	ADP
cblr-8629	445	24	the	the	DET
cblr-8629	445	25	dual	dual	ADJ
cblr-8629	445	26	class	class	NOUN
cblr-8629	445	27	structure	structure	NOUN
cblr-8629	445	28	.	.	PUNCT
cblr-8629	446	1	the	the	DET
cblr-8629	446	2	cii	cii	PROPN
cblr-8629	446	3	,	,	PUNCT
cblr-8629	446	4	although	although	SCONJ
cblr-8629	446	5	continuing	continue	VERB
cblr-8629	446	6	to	to	PART
cblr-8629	446	7	prefer	prefer	VERB
cblr-8629	446	8	unitary	unitary	ADJ
cblr-8629	446	9	voting	voting	NOUN
cblr-8629	446	10	structures	structure	NOUN
cblr-8629	446	11	has	have	AUX
cblr-8629	446	12	,	,	PUNCT
cblr-8629	446	13	since	since	SCONJ
cblr-8629	446	14	2016	2016	NUM
cblr-8629	446	15	,	,	PUNCT
cblr-8629	446	16	supported	support	VERB
cblr-8629	446	17	a	a	DET
cblr-8629	446	18	seven	seven	NUM
cblr-8629	446	19	-	-	PUNCT
cblr-8629	446	20	year	year	NOUN
cblr-8629	446	21	sunset	sunset	NOUN
cblr-8629	446	22	as	as	ADP
cblr-8629	446	23	“	"	PUNCT
cblr-8629	446	24	[	[	X
cblr-8629	446	25	a	a	X
cblr-8629	446	26	]	]	X
cblr-8629	446	27	credible	credible	ADJ
cblr-8629	446	28	path	path	NOUN
cblr-8629	446	29	to	to	PART
cblr-8629	446	30	alignment	alignment	VERB
cblr-8629	446	31	.	.	PUNCT
cblr-8629	446	32	”117	”117	PUNCT
cblr-8629	447	1	sec	sec	PROPN
cblr-8629	447	2	investor	investor	NOUN
cblr-8629	447	3	advocate	advocate	PROPN
cblr-8629	447	4	rick	rick	PROPN
cblr-8629	447	5	fleming	fleming	PROPN
cblr-8629	447	6	has	have	AUX
cblr-8629	447	7	urged	urge	VERB
cblr-8629	447	8	the	the	DET
cblr-8629	447	9	stock	stock	NOUN
cblr-8629	447	10	exchanges	exchange	NOUN
cblr-8629	447	11	to	to	PART
cblr-8629	447	12	require	require	VERB
cblr-8629	447	13	the	the	DET
cblr-8629	447	14	sunsetting	sunsetting	NOUN
cblr-8629	447	15	of	of	ADP
cblr-8629	447	16	“	"	PUNCT
cblr-8629	447	17	super	super	ADJ
cblr-8629	447	18	-	-	ADJ
cblr-8629	447	19	voting	voting	ADJ
cblr-8629	447	20	rights	right	NOUN
cblr-8629	447	21	.	.	PUNCT
cblr-8629	448	1	”118	”118	VERB
cblr-8629	448	2	to	to	ADP
cblr-8629	448	3	date	date	NOUN
cblr-8629	448	4	,	,	PUNCT
cblr-8629	448	5	though	though	ADV
cblr-8629	448	6	,	,	PUNCT
cblr-8629	448	7	no	no	DET
cblr-8629	448	8	governmental	governmental	ADJ
cblr-8629	448	9	regulation	regulation	NOUN
cblr-8629	448	10	appears	appear	VERB
cblr-8629	448	11	to	to	PART
cblr-8629	448	12	be	be	AUX
cblr-8629	448	13	imminent	imminent	ADJ
cblr-8629	448	14	.	.	PUNCT
cblr-8629	449	1	iv	iv	X
cblr-8629	449	2	.	.	PUNCT
cblr-8629	450	1	the	the	DET
cblr-8629	450	2	dual	dual	ADJ
cblr-8629	450	3	index	index	NOUN
cblr-8629	450	4	—	—	PUNCT
cblr-8629	450	5	a	a	DET
cblr-8629	450	6	case	case	NOUN
cblr-8629	450	7	study	study	NOUN
cblr-8629	450	8	of	of	ADP
cblr-8629	450	9	synthetic	synthetic	ADJ
cblr-8629	450	10	governance	governance	NOUN
cblr-8629	450	11	the	the	DET
cblr-8629	450	12	dual	dual	ADJ
cblr-8629	450	13	index	index	NOUN
cblr-8629	450	14	is	be	AUX
cblr-8629	450	15	a	a	DET
cblr-8629	450	16	bespoke	bespoke	ADJ
cblr-8629	450	17	index	index	NOUN
cblr-8629	450	18	of	of	ADP
cblr-8629	450	19	dual	dual	ADJ
cblr-8629	450	20	class	class	NOUN
cblr-8629	450	21	companies	company	NOUN
cblr-8629	450	22	conceived	conceive	VERB
cblr-8629	450	23	and	and	CCONJ
cblr-8629	450	24	developed	develop	VERB
cblr-8629	450	25	by	by	ADP
cblr-8629	450	26	one	one	NUM
cblr-8629	450	27	of	of	ADP
cblr-8629	450	28	the	the	DET
cblr-8629	450	29	co	co	NOUN
cblr-8629	450	30	-	-	NOUN
cblr-8629	450	31	authors	author	NOUN
cblr-8629	450	32	of	of	ADP
cblr-8629	450	33	this	this	DET
cblr-8629	450	34	paper.119	paper.119	PROPN
cblr-8629	450	35	the	the	DET
cblr-8629	450	36	objective	objective	NOUN
cblr-8629	450	37	of	of	ADP
cblr-8629	450	38	the	the	DET
cblr-8629	450	39	dual	dual	ADJ
cblr-8629	450	40	index	index	NOUN
cblr-8629	450	41	is	be	AUX
cblr-8629	450	42	to	to	PART
cblr-8629	450	43	target	target	VERB
cblr-8629	450	44	those	those	DET
cblr-8629	450	45	dual	dual	ADJ
cblr-8629	450	46	class	class	NOUN
cblr-8629	450	47	companies	company	NOUN
cblr-8629	450	48	for	for	ADP
cblr-8629	450	49	which	which	PRON
cblr-8629	450	50	,	,	PUNCT
cblr-8629	450	51	according	accord	VERB
cblr-8629	450	52	to	to	ADP
cblr-8629	450	53	the	the	DET
cblr-8629	450	54	existing	exist	VERB
cblr-8629	450	55	empirical	empirical	ADJ
cblr-8629	450	56	literature	literature	NOUN
cblr-8629	450	57	,	,	PUNCT
cblr-8629	450	58	the	the	DET
cblr-8629	450	59	net	net	ADJ
cblr-8629	450	60	benefits	benefit	NOUN
cblr-8629	450	61	of	of	ADP
cblr-8629	450	62	the	the	DET
cblr-8629	450	63	dual	dual	ADJ
cblr-8629	450	64	class	class	NOUN
cblr-8629	450	65	structure	structure	NOUN
cblr-8629	450	66	are	be	AUX
cblr-8629	450	67	most	most	ADV
cblr-8629	450	68	likely	likely	ADJ
cblr-8629	450	69	to	to	PART
cblr-8629	450	70	be	be	AUX
cblr-8629	450	71	positive	positive	ADJ
cblr-8629	450	72	.	.	PUNCT
cblr-8629	451	1	it	it	PRON
cblr-8629	451	2	does	do	VERB
cblr-8629	451	3	so	so	ADV
cblr-8629	451	4	in	in	ADP
cblr-8629	451	5	two	two	NUM
cblr-8629	451	6	steps	step	NOUN
cblr-8629	451	7	:	:	PUNCT
cblr-8629	451	8	first	first	ADV
cblr-8629	451	9	,	,	PUNCT
cblr-8629	451	10	by	by	ADP
cblr-8629	451	11	selecting	select	VERB
cblr-8629	451	12	dual	dual	ADJ
cblr-8629	451	13	class	class	NOUN
cblr-8629	451	14	companies	company	NOUN
cblr-8629	451	15	,	,	PUNCT
cblr-8629	451	16	and	and	CCONJ
cblr-8629	451	17	second	second	ADJ
cblr-8629	451	18	,	,	PUNCT
cblr-8629	451	19	by	by	ADP
cblr-8629	451	20	creating	create	VERB
cblr-8629	451	21	a	a	DET
cblr-8629	451	22	synthetic	synthetic	ADJ
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cblr-8629	451	24	-	-	PUNCT
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cblr-8629	451	26	sunset	sunset	NOUN
cblr-8629	451	27	provision	provision	NOUN
cblr-8629	451	28	to	to	PART
cblr-8629	451	29	exclude	exclude	VERB
cblr-8629	451	30	the	the	DET
cblr-8629	451	31	stock	stock	NOUN
cblr-8629	451	32	of	of	ADP
cblr-8629	451	33	companies	company	NOUN
cblr-8629	451	34	that	that	PRON
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cblr-8629	451	36	a	a	DET
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cblr-8629	451	38	class	class	NOUN
cblr-8629	451	39	structure	structure	NOUN
cblr-8629	451	40	a	a	DET
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cblr-8629	451	43	of	of	ADP
cblr-8629	451	44	years	year	NOUN
cblr-8629	451	45	after	after	ADP
cblr-8629	451	46	the	the	DET
cblr-8629	451	47	company	company	NOUN
cblr-8629	451	48	’s	’s	PART
cblr-8629	451	49	ipo	ipo	NOUN
cblr-8629	451	50	.	.	PUNCT
cblr-8629	452	1	the	the	DET
cblr-8629	452	2	117	117	NUM
cblr-8629	452	3	dual	dual	ADJ
cblr-8629	452	4	-	-	PUNCT
cblr-8629	452	5	class	class	NOUN
cblr-8629	452	6	stock	stock	NOUN
cblr-8629	452	7	,	,	PUNCT
cblr-8629	452	8	supra	supra	PROPN
cblr-8629	452	9	note	note	VERB
cblr-8629	452	10	87	87	NUM
cblr-8629	452	11	(	(	PUNCT
cblr-8629	452	12	emphasis	emphasis	NOUN
cblr-8629	452	13	omitted	omit	VERB
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cblr-8629	452	15	.	.	PUNCT
cblr-8629	453	1	118	118	NUM
cblr-8629	453	2	rick	rick	PROPN
cblr-8629	453	3	fleming	fleming	PROPN
cblr-8629	453	4	,	,	PUNCT
cblr-8629	453	5	inv	inv	PROPN
cblr-8629	453	6	.	.	PUNCT
cblr-8629	453	7	advoc	advoc	PROPN
cblr-8629	453	8	.	.	PUNCT
cblr-8629	453	9	,	,	PUNCT
cblr-8629	453	10	u.s	u.s	PROPN
cblr-8629	453	11	.	.	PROPN
cblr-8629	453	12	sec	sec	PROPN
cblr-8629	453	13	.	.	PROPN
cblr-8629	453	14	&	&	CCONJ
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cblr-8629	453	16	.	.	PUNCT
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cblr-8629	454	2	,	,	PUNCT
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cblr-8629	454	4	-	-	PUNCT
cblr-8629	454	5	class	class	NOUN
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cblr-8629	454	7	:	:	PUNCT
cblr-8629	454	8	a	a	DET
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cblr-8629	454	10	for	for	ADP
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cblr-8629	454	12	(	(	PUNCT
cblr-8629	454	13	oct	oct	PROPN
cblr-8629	454	14	.	.	PROPN
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cblr-8629	454	16	,	,	PUNCT
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cblr-8629	454	19	,	,	PUNCT
cblr-8629	454	20	https://www.sec.gov/	https://www.sec.gov/	VERB
cblr-8629	454	21	news	news	NOUN
cblr-8629	454	22	/	/	SYM
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cblr-8629	454	24	/	/	SYM
cblr-8629	454	25	fleming	fleming	NOUN
cblr-8629	454	26	-	-	PUNCT
cblr-8629	454	27	dual	dual	ADJ
cblr-8629	454	28	-	-	PUNCT
cblr-8629	454	29	class	class	NOUN
cblr-8629	454	30	-	-	PUNCT
cblr-8629	454	31	shares	share	NOUN
cblr-8629	454	32	-	-	PUNCT
cblr-8629	454	33	recipe	recipe	NOUN
cblr-8629	454	34	-	-	PUNCT
cblr-8629	454	35	disaster#_edn8	disaster#_edn8	NOUN
cblr-8629	454	36	[	[	X
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cblr-8629	454	39	.	.	PUNCT
cblr-8629	455	1	119	119	NUM
cblr-8629	455	2	a	a	DET
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cblr-8629	455	7	index	index	NOUN
cblr-8629	455	8	is	be	AUX
cblr-8629	455	9	licensed	license	VERB
cblr-8629	455	10	to	to	ADP
cblr-8629	455	11	an	an	DET
cblr-8629	455	12	etf	etf	NOUN
cblr-8629	455	13	issuer	issuer	NOUN
cblr-8629	455	14	under	under	ADP
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cblr-8629	455	19	dual	dual	ADJ
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cblr-8629	455	21	class	class	NOUN
cblr-8629	455	22	index	index	NOUN
cblr-8629	455	23	.	.	PUNCT
cblr-8629	456	1	see	see	VERB
cblr-8629	456	2	about	about	ADP
cblr-8629	456	3	us	we	PRON
cblr-8629	456	4	,	,	PUNCT
cblr-8629	456	5	n.	n.	PROPN
cblr-8629	456	6	shore	shore	PROPN
cblr-8629	456	7	indices	index	NOUN
cblr-8629	456	8	,	,	PUNCT
cblr-8629	456	9	https://www.northshoreindices.com/	https://www.northshoreindices.com/	X
cblr-8629	457	1	[	[	X
cblr-8629	457	2	https://perma.cc/mt2q-lmpf	https://perma.cc/mt2q-lmpf	X
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cblr-8629	457	4	(	(	PUNCT
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cblr-8629	457	6	visited	visit	VERB
cblr-8629	457	7	apr	apr	NOUN
cblr-8629	457	8	.	.	PROPN
cblr-8629	457	9	8	8	NUM
cblr-8629	457	10	,	,	PUNCT
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cblr-8629	457	17	,	,	PUNCT
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cblr-8629	457	19	:	:	PUNCT
cblr-8629	457	20	north	north	NOUN
cblr-8629	457	21	shore	shore	NOUN
cblr-8629	457	22	dual	dual	ADJ
cblr-8629	457	23	share	share	NOUN
cblr-8629	457	24	class	class	NOUN
cblr-8629	457	25	index	index	NOUN
cblr-8629	457	26	1	1	NUM
cblr-8629	457	27	(	(	PUNCT
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cblr-8629	457	36	(	(	PUNCT
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cblr-8629	457	41	.	.	PUNCT
cblr-8629	458	1	the	the	DET
cblr-8629	458	2	index	index	NOUN
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cblr-8629	458	13	companies	company	NOUN
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cblr-8629	458	19	.	.	PUNCT
cblr-8629	459	1	the	the	DET
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cblr-8629	459	8	.	.	PUNCT
cblr-8629	460	1	north	north	NOUN
cblr-8629	460	2	shore	shore	PROPN
cblr-8629	460	3	dual	dual	ADJ
cblr-8629	460	4	share	share	NOUN
cblr-8629	460	5	class	class	NOUN
cblr-8629	460	6	index	index	NOUN
cblr-8629	460	7	,	,	PUNCT
cblr-8629	460	8	indxx	indxx	VERB
cblr-8629	460	9	,	,	PUNCT
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cblr-8629	461	1	[	[	X
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cblr-8629	461	4	(	(	PUNCT
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cblr-8629	461	12	.	.	PUNCT
cblr-8629	462	1	ahn	ahn	PROPN
cblr-8629	462	2	et	et	PROPN
cblr-8629	462	3	al	al	PROPN
cblr-8629	462	4	.	.	PROPN
cblr-8629	463	1	8/20/2021	8/20/2021	NUM
cblr-8629	463	2	6:14	6:14	NUM
cblr-8629	463	3	pm	pm	NOUN
cblr-8629	463	4	506	506	NUM
cblr-8629	463	5	columbia	columbia	PROPN
cblr-8629	463	6	business	business	NOUN
cblr-8629	463	7	law	law	PROPN
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cblr-8629	463	9	[	[	X
cblr-8629	463	10	vol	vol	NOUN
cblr-8629	463	11	.	.	NOUN
cblr-8629	463	12	2021	2021	NUM
cblr-8629	463	13	dual	dual	ADJ
cblr-8629	463	14	index	index	NOUN
cblr-8629	463	15	thus	thus	ADV
cblr-8629	463	16	provides	provide	VERB
cblr-8629	463	17	a	a	DET
cblr-8629	463	18	model	model	NOUN
cblr-8629	463	19	of	of	ADP
cblr-8629	463	20	how	how	SCONJ
cblr-8629	463	21	to	to	PART
cblr-8629	463	22	create	create	VERB
cblr-8629	463	23	a	a	DET
cblr-8629	463	24	customized	customized	ADJ
cblr-8629	463	25	governance	governance	NOUN
cblr-8629	463	26	regime	regime	NOUN
cblr-8629	463	27	through	through	ADP
cblr-8629	463	28	synthetic	synthetic	ADJ
cblr-8629	463	29	governance	governance	NOUN
cblr-8629	463	30	.	.	PUNCT
cblr-8629	464	1	in	in	ADP
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cblr-8629	464	4	sections	section	NOUN
cblr-8629	464	5	,	,	PUNCT
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cblr-8629	464	13	index	index	NOUN
cblr-8629	464	14	’s	’s	PART
cblr-8629	464	15	construction	construction	NOUN
cblr-8629	464	16	and	and	CCONJ
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cblr-8629	464	20	of	of	ADP
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cblr-8629	464	23	.	.	PUNCT
cblr-8629	465	1	a.	a.	NOUN
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cblr-8629	465	3	index	index	NOUN
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cblr-8629	465	5	figure	figure	NOUN
cblr-8629	465	6	1	1	NUM
cblr-8629	465	7	illustrates	illustrate	VERB
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cblr-8629	465	9	rise	rise	NOUN
cblr-8629	465	10	to	to	ADP
cblr-8629	465	11	prominence	prominence	NOUN
cblr-8629	465	12	of	of	ADP
cblr-8629	465	13	dual	dual	ADJ
cblr-8629	465	14	class	class	NOUN
cblr-8629	465	15	companies	company	NOUN
cblr-8629	465	16	over	over	ADP
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cblr-8629	465	20	.	.	PUNCT
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cblr-8629	466	4	value	value	NOUN
cblr-8629	466	5	of	of	ADP
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cblr-8629	466	7	class	class	NOUN
cblr-8629	466	8	companies	company	NOUN
cblr-8629	466	9	has	have	AUX
cblr-8629	466	10	increased	increase	VERB
cblr-8629	466	11	by	by	ADP
cblr-8629	466	12	five	five	NUM
cblr-8629	466	13	times	time	NOUN
cblr-8629	466	14	:	:	PUNCT
cblr-8629	466	15	from	from	ADP
cblr-8629	466	16	$	$	SYM
cblr-8629	466	17	700	700	NUM
cblr-8629	466	18	billion	billion	NUM
cblr-8629	466	19	in	in	ADP
cblr-8629	466	20	june	june	PROPN
cblr-8629	466	21	2009	2009	NUM
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cblr-8629	466	24	3.8	3.8	NUM
cblr-8629	466	25	trillion	trillion	NUM
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cblr-8629	466	29	.	.	PUNCT
cblr-8629	467	1	as	as	ADP
cblr-8629	467	2	of	of	ADP
cblr-8629	467	3	the	the	DET
cblr-8629	467	4	december	december	PROPN
cblr-8629	467	5	2019	2019	NUM
cblr-8629	467	6	index	index	NOUN
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cblr-8629	467	8	,	,	PUNCT
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cblr-8629	467	11	of	of	ADP
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cblr-8629	467	13	class	class	NOUN
cblr-8629	467	14	companies	company	NOUN
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cblr-8629	467	16	more	more	ADJ
cblr-8629	467	17	than	than	ADP
cblr-8629	467	18	ten	ten	NUM
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cblr-8629	467	20	of	of	ADP
cblr-8629	467	21	the	the	DET
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cblr-8629	467	24	of	of	ADP
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cblr-8629	467	31	1	1	NUM
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cblr-8629	467	41	from	from	ADP
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cblr-8629	467	43	center	center	NOUN
cblr-8629	467	44	for	for	ADP
cblr-8629	467	45	research	research	NOUN
cblr-8629	467	46	in	in	ADP
cblr-8629	467	47	security	security	NOUN
cblr-8629	467	48	prices	price	NOUN
cblr-8629	467	49	(	(	PUNCT
cblr-8629	467	50	crsp	crsp	NOUN
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cblr-8629	467	52	as	as	ADV
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cblr-8629	467	54	as	as	ADP
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cblr-8629	467	56	securities	securities	PROPN
cblr-8629	467	57	data	data	PROPN
cblr-8629	467	58	company	company	NOUN
cblr-8629	467	59	(	(	PUNCT
cblr-8629	467	60	sdc	sdc	NOUN
cblr-8629	467	61	)	)	PUNCT
cblr-8629	467	62	platinum	platinum	NOUN
cblr-8629	467	63	database	database	NOUN
cblr-8629	467	64	and	and	CCONJ
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cblr-8629	467	66	see	see	NOUN
cblr-8629	467	67	ftse	ftse	PROPN
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cblr-8629	467	71	russell	russell	PROPN
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cblr-8629	467	73	indexes	index	VERB
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cblr-8629	467	76	(	(	PUNCT
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cblr-8629	469	9	3000	3000	NUM
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cblr-8629	469	12	of	of	ADP
cblr-8629	469	13	$	$	SYM
cblr-8629	469	14	31.4	31.4	NUM
cblr-8629	469	15	trillion	trillion	NUM
cblr-8629	469	16	as	as	ADP
cblr-8629	469	17	of	of	ADP
cblr-8629	469	18	may	may	PROPN
cblr-8629	469	19	2020	2020	NUM
cblr-8629	469	20	)	)	PUNCT
cblr-8629	469	21	.	.	PUNCT
cblr-8629	470	1	$	$	SYM
cblr-8629	470	2	0.7	0.7	NUM
cblr-8629	470	3	$	$	SYM
cblr-8629	470	4	0.8	0.8	NUM
cblr-8629	470	5	$	$	SYM
cblr-8629	470	6	1.1	1.1	NUM
cblr-8629	470	7	$	$	SYM
cblr-8629	470	8	1.1	1.1	NUM
cblr-8629	470	9	$	$	SYM
cblr-8629	470	10	1.5	1.5	NUM
cblr-8629	470	11	$	$	SYM
cblr-8629	470	12	2.0	2.0	NUM
cblr-8629	470	13	$	$	SYM
cblr-8629	470	14	2.2	2.2	NUM
cblr-8629	470	15	$	$	SYM
cblr-8629	470	16	2.3	2.3	NUM
cblr-8629	470	17	$	$	SYM
cblr-8629	470	18	2.8	2.8	NUM
cblr-8629	470	19	$	$	SYM
cblr-8629	470	20	3.5	3.5	NUM
cblr-8629	470	21	$	$	SYM
cblr-8629	470	22	3.8	3.8	NUM
cblr-8629	470	23	$	$	SYM
cblr-8629	470	24	0.0	0.0	NUM
cblr-8629	470	25	$	$	SYM
cblr-8629	470	26	0.5	0.5	NUM
cblr-8629	470	27	$	$	SYM
cblr-8629	470	28	1.0	1.0	NUM
cblr-8629	470	29	$	$	SYM
cblr-8629	470	30	1.5	1.5	NUM
cblr-8629	470	31	$	$	SYM
cblr-8629	470	32	2.0	2.0	NUM
cblr-8629	470	33	$	$	SYM
cblr-8629	470	34	2.5	2.5	NUM
cblr-8629	470	35	$	$	SYM
cblr-8629	470	36	3.0	3.0	NUM
cblr-8629	470	37	$	$	SYM
cblr-8629	470	38	3.5	3.5	NUM
cblr-8629	470	39	$	$	SYM
cblr-8629	470	40	4.0	4.0	NUM
cblr-8629	470	41	2009	2009	NUM
cblr-8629	470	42	2010	2010	NUM
cblr-8629	470	43	2011	2011	NUM
cblr-8629	470	44	2012	2012	NUM
cblr-8629	470	45	2013	2013	NUM
cblr-8629	470	46	2014	2014	NUM
cblr-8629	470	47	2015	2015	NUM
cblr-8629	470	48	2016	2016	NUM
cblr-8629	470	49	2017	2017	NUM
cblr-8629	470	50	2018	2018	NUM
cblr-8629	470	51	2019	2019	NUM
cblr-8629	470	52	market	market	NOUN
cblr-8629	470	53	cap	cap	NOUN
cblr-8629	470	54	of	of	ADP
cblr-8629	470	55	dual	dual	ADJ
cblr-8629	470	56	class	class	NOUN
cblr-8629	470	57	companies	company	NOUN
cblr-8629	470	58	(	(	PUNCT
cblr-8629	470	59	$	$	SYM
cblr-8629	470	60	tn	tn	NOUN
cblr-8629	470	61	)	)	PUNCT
cblr-8629	470	62	ahn	ahn	PROPN
cblr-8629	470	63	et	et	PROPN
cblr-8629	470	64	al	al	PROPN
cblr-8629	470	65	.	.	PROPN
cblr-8629	470	66	8/20/2021	8/20/2021	NUM
cblr-8629	470	67	6:14	6:14	NUM
cblr-8629	470	68	pm	pm	NOUN
cblr-8629	470	69	no	no	NOUN
cblr-8629	470	70	.	.	PUNCT
cblr-8629	471	1	2:476	2:476	NUM
cblr-8629	471	2	]	]	X
cblr-8629	471	3	synthetic	synthetic	ADJ
cblr-8629	471	4	governance	governance	NOUN
cblr-8629	471	5	507	507	NUM
cblr-8629	471	6	follow	follow	VERB
cblr-8629	471	7	a	a	DET
cblr-8629	471	8	biannual	biannual	ADJ
cblr-8629	471	9	reconstitution	reconstitution	NOUN
cblr-8629	471	10	process.121	process.121	NUM
cblr-8629	471	11	at	at	ADP
cblr-8629	471	12	the	the	DET
cblr-8629	471	13	end	end	NOUN
cblr-8629	471	14	of	of	ADP
cblr-8629	471	15	june	june	PROPN
cblr-8629	471	16	and	and	CCONJ
cblr-8629	471	17	december	december	PROPN
cblr-8629	471	18	each	each	DET
cblr-8629	471	19	year	year	NOUN
cblr-8629	471	20	,	,	PUNCT
cblr-8629	471	21	we	we	PRON
cblr-8629	471	22	compile	compile	VERB
cblr-8629	471	23	a	a	DET
cblr-8629	471	24	list	list	NOUN
cblr-8629	471	25	of	of	ADP
cblr-8629	471	26	dual	dual	ADJ
cblr-8629	471	27	class	class	NOUN
cblr-8629	471	28	companies	company	NOUN
cblr-8629	471	29	with	with	ADP
cblr-8629	471	30	ordinary	ordinary	ADJ
cblr-8629	471	31	common	common	ADJ
cblr-8629	471	32	shares	share	NOUN
cblr-8629	471	33	listed	list	VERB
cblr-8629	471	34	on	on	ADP
cblr-8629	471	35	nyse	nyse	PROPN
cblr-8629	471	36	,	,	PUNCT
cblr-8629	471	37	nasdaq	nasdaq	PROPN
cblr-8629	471	38	,	,	PUNCT
cblr-8629	471	39	or	or	CCONJ
cblr-8629	471	40	nyse	nyse	PROPN
cblr-8629	471	41	american	american	PROPN
cblr-8629	471	42	and	and	CCONJ
cblr-8629	471	43	total	total	ADJ
cblr-8629	471	44	market	market	NOUN
cblr-8629	471	45	capitalization	capitalization	NOUN
cblr-8629	471	46	in	in	ADP
cblr-8629	471	47	excess	excess	NOUN
cblr-8629	471	48	of	of	ADP
cblr-8629	471	49	$	$	SYM
cblr-8629	471	50	100	100	NUM
cblr-8629	471	51	million	million	NUM
cblr-8629	471	52	.	.	PUNCT
cblr-8629	472	1	from	from	ADP
cblr-8629	472	2	this	this	DET
cblr-8629	472	3	subset	subset	NOUN
cblr-8629	472	4	,	,	PUNCT
cblr-8629	472	5	we	we	PRON
cblr-8629	472	6	initially	initially	ADV
cblr-8629	472	7	select	select	VERB
cblr-8629	472	8	for	for	ADP
cblr-8629	472	9	inclusion	inclusion	NOUN
cblr-8629	472	10	those	those	DET
cblr-8629	472	11	dual	dual	ADJ
cblr-8629	472	12	class	class	NOUN
cblr-8629	472	13	companies	company	NOUN
cblr-8629	472	14	whose	whose	DET
cblr-8629	472	15	firm	firm	ADJ
cblr-8629	472	16	age	age	NOUN
cblr-8629	472	17	as	as	ADP
cblr-8629	472	18	a	a	DET
cblr-8629	472	19	public	public	ADJ
cblr-8629	472	20	company	company	NOUN
cblr-8629	472	21	(	(	PUNCT
cblr-8629	472	22	the	the	DET
cblr-8629	472	23	time	time	NOUN
cblr-8629	472	24	elapsed	elapse	VERB
cblr-8629	472	25	since	since	SCONJ
cblr-8629	472	26	their	their	PRON
cblr-8629	472	27	ipo	ipo	NOUN
cblr-8629	472	28	)	)	PUNCT
cblr-8629	472	29	ranges	range	VERB
cblr-8629	472	30	from	from	ADP
cblr-8629	472	31	six	six	NUM
cblr-8629	472	32	months	month	NOUN
cblr-8629	472	33	to	to	ADP
cblr-8629	472	34	twenty	twenty	NUM
cblr-8629	472	35	years	year	NOUN
cblr-8629	472	36	.	.	PUNCT
cblr-8629	473	1	since	since	SCONJ
cblr-8629	473	2	most	most	ADJ
cblr-8629	473	3	ipos	ipos	PROPN
cblr-8629	473	4	have	have	VERB
cblr-8629	473	5	six	six	NUM
cblr-8629	473	6	-	-	PUNCT
cblr-8629	473	7	month	month	NOUN
cblr-8629	473	8	lockups	lockup	NOUN
cblr-8629	473	9	that	that	PRON
cblr-8629	473	10	can	can	AUX
cblr-8629	473	11	influence	influence	VERB
cblr-8629	473	12	both	both	DET
cblr-8629	473	13	price	price	NOUN
cblr-8629	473	14	and	and	CCONJ
cblr-8629	473	15	volatility,122	volatility,122	NOUN
cblr-8629	473	16	our	our	PRON
cblr-8629	473	17	portfolio	portfolio	NOUN
cblr-8629	473	18	excludes	exclude	VERB
cblr-8629	473	19	ipos	ipos	PROPN
cblr-8629	473	20	prior	prior	ADV
cblr-8629	473	21	to	to	ADP
cblr-8629	473	22	the	the	DET
cblr-8629	473	23	expiration	expiration	NOUN
cblr-8629	473	24	of	of	ADP
cblr-8629	473	25	that	that	DET
cblr-8629	473	26	lockup	lockup	NOUN
cblr-8629	473	27	.	.	PUNCT
cblr-8629	474	1	the	the	DET
cblr-8629	474	2	twenty	twenty	NUM
cblr-8629	474	3	-	-	PUNCT
cblr-8629	474	4	year	year	NOUN
cblr-8629	474	5	filter	filter	NOUN
cblr-8629	474	6	retains	retain	VERB
cblr-8629	474	7	all	all	DET
cblr-8629	474	8	companies	company	NOUN
cblr-8629	474	9	that	that	PRON
cblr-8629	474	10	went	go	VERB
cblr-8629	474	11	public	public	ADJ
cblr-8629	474	12	after	after	ADP
cblr-8629	474	13	the	the	DET
cblr-8629	474	14	google	google	PROPN
cblr-8629	474	15	ipo	ipo	PROPN
cblr-8629	474	16	in	in	ADP
cblr-8629	474	17	2004.123	2004.123	NUM
cblr-8629	474	18	as	as	ADP
cblr-8629	474	19	a	a	DET
cblr-8629	474	20	result	result	NOUN
cblr-8629	474	21	,	,	PUNCT
cblr-8629	474	22	the	the	DET
cblr-8629	474	23	dual	dual	ADJ
cblr-8629	474	24	index	index	NOUN
cblr-8629	474	25	effectively	effectively	ADV
cblr-8629	474	26	eliminates	eliminate	VERB
cblr-8629	474	27	the	the	DET
cblr-8629	474	28	prior	prior	ADJ
cblr-8629	474	29	generation	generation	NOUN
cblr-8629	474	30	of	of	ADP
cblr-8629	474	31	dual	dual	ADJ
cblr-8629	474	32	class	class	NOUN
cblr-8629	474	33	companies	company	NOUN
cblr-8629	474	34	—	—	PUNCT
cblr-8629	474	35	the	the	DET
cblr-8629	474	36	family	family	NOUN
cblr-8629	474	37	owned	own	VERB
cblr-8629	474	38	and	and	CCONJ
cblr-8629	474	39	media	medium	NOUN
cblr-8629	474	40	companies	company	NOUN
cblr-8629	474	41	that	that	PRON
cblr-8629	474	42	are	be	AUX
cblr-8629	474	43	the	the	DET
cblr-8629	474	44	focus	focus	NOUN
cblr-8629	474	45	of	of	ADP
cblr-8629	474	46	some	some	DET
cblr-8629	474	47	earlier	early	ADV
cblr-8629	474	48	empirical	empirical	ADJ
cblr-8629	474	49	studies	study	NOUN
cblr-8629	474	50	of	of	ADP
cblr-8629	474	51	dual	dual	ADJ
cblr-8629	474	52	class	class	NOUN
cblr-8629	474	53	stock.124	stock.124	NOUN
cblr-8629	474	54	the	the	DET
cblr-8629	474	55	twenty	twenty	NUM
cblr-8629	474	56	-	-	PUNCT
cblr-8629	474	57	year	year	NOUN
cblr-8629	474	58	filter	filter	NOUN
cblr-8629	474	59	is	be	AUX
cblr-8629	474	60	sufficiently	sufficiently	ADV
cblr-8629	474	61	long	long	ADJ
cblr-8629	474	62	that	that	SCONJ
cblr-8629	474	63	it	it	PRON
cblr-8629	474	64	does	do	AUX
cblr-8629	474	65	not	not	PART
cblr-8629	474	66	impose	impose	VERB
cblr-8629	474	67	a	a	DET
cblr-8629	474	68	synthetic	synthetic	ADJ
cblr-8629	474	69	sunset	sunset	NOUN
cblr-8629	474	70	—	—	PUNCT
cblr-8629	474	71	an	an	DET
cblr-8629	474	72	issue	issue	NOUN
cblr-8629	474	73	that	that	PRON
cblr-8629	474	74	we	we	PRON
cblr-8629	474	75	address	address	VERB
cblr-8629	474	76	later	later	ADV
cblr-8629	474	77	;	;	PUNCT
cblr-8629	474	78	instead	instead	ADV
cblr-8629	474	79	,	,	PUNCT
cblr-8629	474	80	a	a	DET
cblr-8629	474	81	twenty	twenty	NUM
cblr-8629	474	82	-	-	PUNCT
cblr-8629	474	83	year	year	NOUN
cblr-8629	474	84	window	window	NOUN
cblr-8629	474	85	is	be	AUX
cblr-8629	474	86	of	of	ADP
cblr-8629	474	87	sufficient	sufficient	ADJ
cblr-8629	474	88	length	length	NOUN
cblr-8629	474	89	that	that	PRON
cblr-8629	474	90	it	it	PRON
cblr-8629	474	91	addresses	address	VERB
cblr-8629	474	92	the	the	DET
cblr-8629	474	93	issues	issue	NOUN
cblr-8629	474	94	two	two	NUM
cblr-8629	474	95	of	of	ADP
cblr-8629	474	96	us	we	PRON
cblr-8629	474	97	raised	raise	VERB
cblr-8629	474	98	in	in	ADP
cblr-8629	474	99	the	the	DET
cblr-8629	474	100	problem	problem	NOUN
cblr-8629	474	101	of	of	ADP
cblr-8629	474	102	sunsets	sunset	NOUN
cblr-8629	474	103	:	:	PUNCT
cblr-8629	474	104	namely	namely	ADV
cblr-8629	474	105	that	that	SCONJ
cblr-8629	474	106	a	a	DET
cblr-8629	474	107	fixed	fix	VERB
cblr-8629	474	108	time	time	NOUN
cblr-8629	474	109	horizon	horizon	NOUN
cblr-8629	474	110	is	be	AUX
cblr-8629	474	111	arbitrary	arbitrary	ADJ
cblr-8629	474	112	and	and	CCONJ
cblr-8629	474	113	appears	appear	VERB
cblr-8629	474	114	contrary	contrary	ADJ
cblr-8629	474	115	to	to	ADP
cblr-8629	474	116	the	the	DET
cblr-8629	474	117	purpose	purpose	NOUN
cblr-8629	474	118	of	of	ADP
cblr-8629	474	119	a	a	DET
cblr-8629	474	120	sunset	sunset	NOUN
cblr-8629	474	121	,	,	PUNCT
cblr-8629	474	122	which	which	PRON
cblr-8629	474	123	is	be	AUX
cblr-8629	474	124	to	to	PART
cblr-8629	474	125	end	end	VERB
cblr-8629	474	126	the	the	DET
cblr-8629	474	127	dual	dual	ADJ
cblr-8629	474	128	class	class	NOUN
cblr-8629	474	129	structure	structure	NOUN
cblr-8629	474	130	when	when	SCONJ
cblr-8629	474	131	it	it	PRON
cblr-8629	474	132	is	be	AUX
cblr-8629	474	133	no	no	ADV
cblr-8629	474	134	longer	long	ADV
cblr-8629	474	135	useful	useful	ADJ
cblr-8629	474	136	to	to	PART
cblr-8629	474	137	implement	implement	VERB
cblr-8629	474	138	the	the	DET
cblr-8629	474	139	founder	founder	NOUN
cblr-8629	474	140	’s	’s	PART
cblr-8629	474	141	visionary	visionary	ADJ
cblr-8629	474	142	mission.125	mission.125	NOUN
cblr-8629	474	143	121	121	NUM
cblr-8629	474	144	on	on	ADP
cblr-8629	474	145	these	these	DET
cblr-8629	474	146	data	datum	NOUN
cblr-8629	474	147	,	,	PUNCT
cblr-8629	474	148	see	see	VERB
cblr-8629	474	149	research	research	NOUN
cblr-8629	474	150	data	data	PROPN
cblr-8629	474	151	,	,	PUNCT
cblr-8629	474	152	ctr	ctr	PROPN
cblr-8629	474	153	.	.	PROPN
cblr-8629	475	1	for	for	ADP
cblr-8629	475	2	rsch	rsch	NOUN
cblr-8629	475	3	.	.	PUNCT
cblr-8629	476	1	in	in	ADP
cblr-8629	476	2	sec	sec	PROPN
cblr-8629	476	3	.	.	PUNCT
cblr-8629	476	4	prices	price	NOUN
cblr-8629	476	5	,	,	PUNCT
cblr-8629	476	6	http://www.crsp.org/products/research-products	http://www.crsp.org/products/research-product	VERB
cblr-8629	476	7	[	[	X
cblr-8629	476	8	https://perma.cc/nw8rrks3	https://perma.cc/nw8rrks3	X
cblr-8629	476	9	]	]	X
cblr-8629	476	10	(	(	PUNCT
cblr-8629	476	11	last	last	ADJ
cblr-8629	476	12	visited	visit	VERB
cblr-8629	476	13	may	may	AUX
cblr-8629	476	14	31	31	NUM
cblr-8629	476	15	,	,	PUNCT
cblr-8629	476	16	2021	2021	NUM
cblr-8629	476	17	)	)	PUNCT
cblr-8629	476	18	(	(	PUNCT
cblr-8629	476	19	crsp	crsp	PROPN
cblr-8629	476	20	data	data	PROPN
cblr-8629	476	21	)	)	PUNCT
cblr-8629	476	22	;	;	PUNCT
cblr-8629	476	23	sdc	sdc	NOUN
cblr-8629	476	24	®	®	NOUN
cblr-8629	476	25	platinum	platinum	NOUN
cblr-8629	476	26	,	,	PUNCT
cblr-8629	476	27	refinitiv	refinitiv	PROPN
cblr-8629	476	28	,	,	PUNCT
cblr-8629	476	29	https://www.refinitiv.com/en/products/sdc-platinum-financial-securities	https://www.refinitiv.com/en/products/sdc-platinum-financial-securities	X
cblr-8629	477	1	[	[	X
cblr-8629	477	2	https://perma.cc/f8kl-cvch	https://perma.cc/f8kl-cvch	X
cblr-8629	477	3	]	]	X
cblr-8629	477	4	(	(	PUNCT
cblr-8629	477	5	last	last	ADJ
cblr-8629	477	6	visited	visit	VERB
cblr-8629	477	7	may	may	AUX
cblr-8629	477	8	31	31	NUM
cblr-8629	477	9	,	,	PUNCT
cblr-8629	477	10	2021	2021	NUM
cblr-8629	477	11	)	)	PUNCT
cblr-8629	477	12	(	(	PUNCT
cblr-8629	477	13	sdc	sdc	NOUN
cblr-8629	477	14	platinum	platinum	PROPN
cblr-8629	477	15	data	data	PROPN
cblr-8629	477	16	)	)	PUNCT
cblr-8629	477	17	.	.	PUNCT
cblr-8629	478	1	122	122	NUM
cblr-8629	478	2	see	see	VERB
cblr-8629	478	3	,	,	PUNCT
cblr-8629	478	4	e.g.	e.g.	ADV
cblr-8629	478	5	,	,	PUNCT
cblr-8629	478	6	james	james	PROPN
cblr-8629	478	7	c.	c.	PROPN
cblr-8629	478	8	brau	brau	PROPN
cblr-8629	478	9	,	,	PUNCT
cblr-8629	478	10	david	david	PROPN
cblr-8629	478	11	a.	a.	PROPN
cblr-8629	478	12	carter	carter	PROPN
cblr-8629	478	13	,	,	PUNCT
cblr-8629	478	14	stephen	stephen	PROPN
cblr-8629	478	15	e.	e.	PROPN
cblr-8629	478	16	christophe	christophe	PROPN
cblr-8629	478	17	&	&	CCONJ
cblr-8629	478	18	kimberly	kimberly	PROPN
cblr-8629	478	19	g.	g.	PROPN
cblr-8629	478	20	key	key	PROPN
cblr-8629	478	21	,	,	PUNCT
cblr-8629	478	22	market	market	NOUN
cblr-8629	478	23	reaction	reaction	NOUN
cblr-8629	478	24	to	to	ADP
cblr-8629	478	25	the	the	DET
cblr-8629	478	26	expiration	expiration	NOUN
cblr-8629	478	27	of	of	ADP
cblr-8629	478	28	ipo	ipo	NOUN
cblr-8629	478	29	lockup	lockup	NOUN
cblr-8629	478	30	provisions	provision	NOUN
cblr-8629	478	31	,	,	PUNCT
cblr-8629	478	32	30	30	NUM
cblr-8629	478	33	managerial	managerial	ADJ
cblr-8629	478	34	fin	fin	NOUN
cblr-8629	478	35	.	.	PUNCT
cblr-8629	479	1	75	75	NUM
cblr-8629	479	2	,	,	PUNCT
cblr-8629	479	3	83	83	NUM
cblr-8629	479	4	(	(	PUNCT
cblr-8629	479	5	2003	2003	NUM
cblr-8629	479	6	)	)	PUNCT
cblr-8629	479	7	(	(	PUNCT
cblr-8629	479	8	reporting	report	VERB
cblr-8629	479	9	statistically	statistically	ADV
cblr-8629	479	10	significant	significant	ADJ
cblr-8629	479	11	negative	negative	ADJ
cblr-8629	479	12	abnormal	abnormal	ADJ
cblr-8629	479	13	returns	return	NOUN
cblr-8629	479	14	in	in	ADP
cblr-8629	479	15	the	the	DET
cblr-8629	479	16	event	event	NOUN
cblr-8629	479	17	window	window	NOUN
cblr-8629	479	18	surrounding	surround	VERB
cblr-8629	479	19	the	the	DET
cblr-8629	479	20	expiration	expiration	NOUN
cblr-8629	479	21	date	date	NOUN
cblr-8629	479	22	of	of	ADP
cblr-8629	479	23	the	the	DET
cblr-8629	479	24	lockup	lockup	NOUN
cblr-8629	479	25	)	)	PUNCT
cblr-8629	479	26	.	.	PUNCT
cblr-8629	480	1	123	123	NUM
cblr-8629	480	2	see	see	VERB
cblr-8629	480	3	generally	generally	ADV
cblr-8629	480	4	google	google	PROPN
cblr-8629	480	5	inc	inc	PROPN
cblr-8629	480	6	.	.	PROPN
cblr-8629	480	7	,	,	PUNCT
cblr-8629	480	8	supra	supra	PROPN
cblr-8629	480	9	note	note	VERB
cblr-8629	480	10	43	43	NUM
cblr-8629	480	11	(	(	PUNCT
cblr-8629	480	12	giving	give	VERB
cblr-8629	480	13	the	the	DET
cblr-8629	480	14	2004	2004	NUM
cblr-8629	480	15	date	date	NOUN
cblr-8629	480	16	of	of	ADP
cblr-8629	480	17	google	google	PROPN
cblr-8629	480	18	’s	’s	PART
cblr-8629	480	19	ipo	ipo	PROPN
cblr-8629	480	20	)	)	PUNCT
cblr-8629	480	21	.	.	PUNCT
cblr-8629	481	1	124	124	NUM
cblr-8629	481	2	see	see	VERB
cblr-8629	481	3	supra	supra	PROPN
cblr-8629	481	4	notes	note	NOUN
cblr-8629	481	5	36–37	36–37	PROPN
cblr-8629	481	6	and	and	CCONJ
cblr-8629	481	7	accompanying	accompany	VERB
cblr-8629	481	8	text	text	NOUN
cblr-8629	481	9	.	.	PUNCT
cblr-8629	482	1	125	125	NUM
cblr-8629	482	2	see	see	VERB
cblr-8629	482	3	fisch	fisch	PROPN
cblr-8629	482	4	&	&	CCONJ
cblr-8629	482	5	solomon	solomon	PROPN
cblr-8629	482	6	,	,	PUNCT
cblr-8629	482	7	supra	supra	PROPN
cblr-8629	482	8	note	note	PROPN
cblr-8629	482	9	38	38	NUM
cblr-8629	482	10	,	,	PUNCT
cblr-8629	482	11	at	at	ADP
cblr-8629	482	12	1080–83	1080–83	NUM
cblr-8629	482	13	.	.	PUNCT
cblr-8629	483	1	ahn	ahn	PROPN
cblr-8629	483	2	et	et	PROPN
cblr-8629	483	3	al	al	PROPN
cblr-8629	483	4	.	.	PROPN
cblr-8629	484	1	8/20/2021	8/20/2021	NUM
cblr-8629	484	2	6:14	6:14	NUM
cblr-8629	484	3	pm	pm	NOUN
cblr-8629	484	4	508	508	NUM
cblr-8629	484	5	columbia	columbia	PROPN
cblr-8629	484	6	business	business	NOUN
cblr-8629	484	7	law	law	NOUN
cblr-8629	484	8	review	review	NOUN
cblr-8629	484	9	[	[	X
cblr-8629	484	10	vol	vol	NOUN
cblr-8629	484	11	.	.	NOUN
cblr-8629	484	12	2021	2021	NUM
cblr-8629	484	13	in	in	ADP
cblr-8629	484	14	case	case	NOUN
cblr-8629	484	15	of	of	ADP
cblr-8629	484	16	a	a	DET
cblr-8629	484	17	delisting	delisting	NOUN
cblr-8629	484	18	or	or	CCONJ
cblr-8629	484	19	the	the	DET
cblr-8629	484	20	collapse	collapse	NOUN
cblr-8629	484	21	of	of	ADP
cblr-8629	484	22	the	the	DET
cblr-8629	484	23	dual	dual	ADJ
cblr-8629	484	24	class	class	NOUN
cblr-8629	484	25	structure	structure	NOUN
cblr-8629	484	26	,	,	PUNCT
cblr-8629	484	27	we	we	PRON
cblr-8629	484	28	reinvest	reinvest	VERB
cblr-8629	484	29	the	the	DET
cblr-8629	484	30	proceeds	proceed	NOUN
cblr-8629	484	31	in	in	ADP
cblr-8629	484	32	the	the	DET
cblr-8629	484	33	market	market	NOUN
cblr-8629	484	34	portfolio	portfolio	NOUN
cblr-8629	484	35	until	until	ADP
cblr-8629	484	36	the	the	DET
cblr-8629	484	37	next	next	ADJ
cblr-8629	484	38	dual	dual	ADJ
cblr-8629	484	39	index	index	NOUN
cblr-8629	484	40	reconstitution	reconstitution	NOUN
cblr-8629	484	41	.	.	PUNCT
cblr-8629	485	1	our	our	PRON
cblr-8629	485	2	back	back	ADJ
cblr-8629	485	3	-	-	PUNCT
cblr-8629	485	4	testing	testing	NOUN
cblr-8629	485	5	period	period	NOUN
cblr-8629	485	6	is	be	AUX
cblr-8629	485	7	from	from	ADP
cblr-8629	485	8	june	june	PROPN
cblr-8629	485	9	2009	2009	NUM
cblr-8629	485	10	to	to	ADP
cblr-8629	485	11	december	december	PROPN
cblr-8629	485	12	2019	2019	NUM
cblr-8629	485	13	,	,	PUNCT
cblr-8629	485	14	which	which	PRON
cblr-8629	485	15	is	be	AUX
cblr-8629	485	16	the	the	DET
cblr-8629	485	17	most	most	ADV
cblr-8629	485	18	recent	recent	ADJ
cblr-8629	485	19	date	date	NOUN
cblr-8629	485	20	on	on	ADP
cblr-8629	485	21	which	which	PRON
cblr-8629	485	22	we	we	PRON
cblr-8629	485	23	reconstituted	reconstitute	VERB
cblr-8629	485	24	the	the	DET
cblr-8629	485	25	dual	dual	ADJ
cblr-8629	485	26	index	index	NOUN
cblr-8629	485	27	.	.	PUNCT
cblr-8629	486	1	b.	b.	PROPN
cblr-8629	486	2	dual	dual	ADJ
cblr-8629	486	3	index	index	NOUN
cblr-8629	486	4	characteristics	characteristic	NOUN
cblr-8629	486	5	as	as	ADP
cblr-8629	486	6	of	of	ADP
cblr-8629	486	7	the	the	DET
cblr-8629	486	8	december	december	PROPN
cblr-8629	486	9	2019	2019	NUM
cblr-8629	486	10	reconstitution	reconstitution	NOUN
cblr-8629	486	11	,	,	PUNCT
cblr-8629	486	12	the	the	DET
cblr-8629	486	13	dual	dual	ADJ
cblr-8629	486	14	index	index	NOUN
cblr-8629	486	15	included	include	VERB
cblr-8629	486	16	178	178	NUM
cblr-8629	486	17	dual	dual	ADJ
cblr-8629	486	18	class	class	NOUN
cblr-8629	486	19	companies	company	NOUN
cblr-8629	486	20	valued	value	VERB
cblr-8629	486	21	in	in	ADP
cblr-8629	486	22	total	total	NOUN
cblr-8629	486	23	at	at	ADP
cblr-8629	486	24	$	$	SYM
cblr-8629	486	25	3.4	3.4	NUM
cblr-8629	486	26	trillion	trillion	NUM
cblr-8629	486	27	.	.	PUNCT
cblr-8629	487	1	the	the	DET
cblr-8629	487	2	index	index	NOUN
cblr-8629	487	3	includes	include	VERB
cblr-8629	487	4	eighty	eighty	NUM
cblr-8629	487	5	-	-	PUNCT
cblr-8629	487	6	nine	nine	NUM
cblr-8629	487	7	percent	percent	NOUN
cblr-8629	487	8	of	of	ADP
cblr-8629	487	9	the	the	DET
cblr-8629	487	10	market	market	NOUN
cblr-8629	487	11	capitalization	capitalization	NOUN
cblr-8629	487	12	of	of	ADP
cblr-8629	487	13	all	all	DET
cblr-8629	487	14	dual	dual	ADJ
cblr-8629	487	15	class	class	NOUN
cblr-8629	487	16	companies	company	NOUN
cblr-8629	487	17	listed	list	VERB
cblr-8629	487	18	across	across	ADP
cblr-8629	487	19	major	major	ADJ
cblr-8629	487	20	u.s	u.s	PROPN
cblr-8629	487	21	.	.	PROPN
cblr-8629	487	22	stock	stock	NOUN
cblr-8629	487	23	exchanges	exchange	NOUN
cblr-8629	487	24	.	.	PUNCT
cblr-8629	488	1	with	with	ADP
cblr-8629	488	2	respect	respect	NOUN
cblr-8629	488	3	to	to	ADP
cblr-8629	488	4	the	the	DET
cblr-8629	488	5	distribution	distribution	NOUN
cblr-8629	488	6	of	of	ADP
cblr-8629	488	7	index	index	NOUN
cblr-8629	488	8	weights	weight	VERB
cblr-8629	488	9	across	across	ADP
cblr-8629	488	10	sectors	sector	NOUN
cblr-8629	488	11	,	,	PUNCT
cblr-8629	488	12	table	table	NOUN
cblr-8629	488	13	1	1	NUM
cblr-8629	488	14	shows	show	VERB
cblr-8629	488	15	that	that	SCONJ
cblr-8629	488	16	as	as	ADP
cblr-8629	488	17	of	of	ADP
cblr-8629	488	18	december	december	PROPN
cblr-8629	488	19	2019	2019	NUM
cblr-8629	488	20	,	,	PUNCT
cblr-8629	488	21	the	the	DET
cblr-8629	488	22	most	most	ADV
cblr-8629	488	23	heavily	heavily	ADV
cblr-8629	488	24	weighted	weight	VERB
cblr-8629	488	25	sectors	sector	NOUN
cblr-8629	488	26	are	be	AUX
cblr-8629	488	27	communication	communication	NOUN
cblr-8629	488	28	services	service	NOUN
cblr-8629	488	29	(	(	PUNCT
cblr-8629	488	30	38.8	38.8	NUM
cblr-8629	488	31	%	%	NOUN
cblr-8629	488	32	)	)	PUNCT
cblr-8629	488	33	and	and	CCONJ
cblr-8629	488	34	information	information	NOUN
cblr-8629	488	35	technology	technology	NOUN
cblr-8629	488	36	(	(	PUNCT
cblr-8629	488	37	33.7	33.7	NUM
cblr-8629	488	38	%	%	NOUN
cblr-8629	488	39	)	)	PUNCT
cblr-8629	488	40	,	,	PUNCT
cblr-8629	488	41	followed	follow	VERB
cblr-8629	488	42	by	by	ADP
cblr-8629	488	43	financials	financial	NOUN
cblr-8629	488	44	(	(	PUNCT
cblr-8629	488	45	9.4	9.4	NUM
cblr-8629	488	46	%	%	NOUN
cblr-8629	488	47	)	)	PUNCT
cblr-8629	488	48	,	,	PUNCT
cblr-8629	488	49	consumer	consumer	NOUN
cblr-8629	488	50	discretionary	discretionary	NOUN
cblr-8629	488	51	(	(	PUNCT
cblr-8629	488	52	4.9	4.9	NUM
cblr-8629	488	53	%	%	NOUN
cblr-8629	488	54	)	)	PUNCT
cblr-8629	488	55	,	,	PUNCT
cblr-8629	488	56	and	and	CCONJ
cblr-8629	488	57	health	health	NOUN
cblr-8629	488	58	care	care	NOUN
cblr-8629	488	59	(	(	PUNCT
cblr-8629	488	60	4.4	4.4	NUM
cblr-8629	488	61	%	%	NOUN
cblr-8629	488	62	)	)	PUNCT
cblr-8629	488	63	.	.	PUNCT
cblr-8629	489	1	focusing	focus	VERB
cblr-8629	489	2	on	on	ADP
cblr-8629	489	3	these	these	DET
cblr-8629	489	4	sectors	sector	NOUN
cblr-8629	489	5	,	,	PUNCT
cblr-8629	489	6	the	the	DET
cblr-8629	489	7	top	top	ADJ
cblr-8629	489	8	portfolio	portfolio	NOUN
cblr-8629	489	9	holdings	holding	NOUN
cblr-8629	489	10	include	include	VERB
cblr-8629	489	11	,	,	PUNCT
cblr-8629	489	12	facebook	facebook	PROPN
cblr-8629	489	13	(	(	PUNCT
cblr-8629	489	14	communication	communication	NOUN
cblr-8629	489	15	services	service	NOUN
cblr-8629	489	16	)	)	PUNCT
cblr-8629	489	17	,	,	PUNCT
cblr-8629	489	18	visa	visa	NOUN
cblr-8629	489	19	(	(	PUNCT
cblr-8629	489	20	information	information	NOUN
cblr-8629	489	21	technology	technology	NOUN
cblr-8629	489	22	)	)	PUNCT
cblr-8629	489	23	,	,	PUNCT
cblr-8629	489	24	cme	cme	PROPN
cblr-8629	489	25	group	group	PROPN
cblr-8629	489	26	(	(	PUNCT
cblr-8629	489	27	financials	financial	NOUN
cblr-8629	489	28	)	)	PUNCT
cblr-8629	489	29	,	,	PUNCT
cblr-8629	489	30	lululemon	lululemon	PROPN
cblr-8629	489	31	athletica	athletica	PROPN
cblr-8629	489	32	(	(	PUNCT
cblr-8629	489	33	consumer	consumer	NOUN
cblr-8629	489	34	discretionary	discretionary	NOUN
cblr-8629	489	35	)	)	PUNCT
cblr-8629	489	36	,	,	PUNCT
cblr-8629	489	37	and	and	CCONJ
cblr-8629	489	38	zoetis	zoetis	PROPN
cblr-8629	489	39	(	(	PUNCT
cblr-8629	489	40	health	health	NOUN
cblr-8629	489	41	care	care	NOUN
cblr-8629	489	42	)	)	PUNCT
cblr-8629	489	43	.	.	PUNCT
cblr-8629	490	1	table	table	NOUN
cblr-8629	490	2	1	1	NUM
cblr-8629	490	3	also	also	ADV
cblr-8629	490	4	demonstrates	demonstrate	VERB
cblr-8629	490	5	how	how	SCONJ
cblr-8629	490	6	the	the	DET
cblr-8629	490	7	sector	sector	NOUN
cblr-8629	490	8	representation	representation	NOUN
cblr-8629	490	9	within	within	ADP
cblr-8629	490	10	the	the	DET
cblr-8629	490	11	dual	dual	ADJ
cblr-8629	490	12	index	index	NOUN
cblr-8629	490	13	has	have	AUX
cblr-8629	490	14	evolved	evolve	VERB
cblr-8629	490	15	over	over	ADP
cblr-8629	490	16	time	time	NOUN
cblr-8629	490	17	.	.	PUNCT
cblr-8629	491	1	in	in	ADP
cblr-8629	491	2	particular	particular	ADJ
cblr-8629	491	3	,	,	PUNCT
cblr-8629	491	4	the	the	DET
cblr-8629	491	5	prominence	prominence	NOUN
cblr-8629	491	6	of	of	ADP
cblr-8629	491	7	dual	dual	ADJ
cblr-8629	491	8	class	class	NOUN
cblr-8629	491	9	companies	company	NOUN
cblr-8629	491	10	in	in	ADP
cblr-8629	491	11	the	the	DET
cblr-8629	491	12	communication	communication	NOUN
cblr-8629	491	13	services	service	NOUN
cblr-8629	491	14	and	and	CCONJ
cblr-8629	491	15	information	information	NOUN
cblr-8629	491	16	technology	technology	NOUN
cblr-8629	491	17	sector	sector	NOUN
cblr-8629	491	18	has	have	AUX
cblr-8629	491	19	increased	increase	VERB
cblr-8629	491	20	,	,	PUNCT
cblr-8629	491	21	and	and	CCONJ
cblr-8629	491	22	the	the	DET
cblr-8629	491	23	relative	relative	ADJ
cblr-8629	491	24	index	index	NOUN
cblr-8629	491	25	weights	weight	NOUN
cblr-8629	491	26	of	of	ADP
cblr-8629	491	27	dual	dual	ADJ
cblr-8629	491	28	class	class	NOUN
cblr-8629	491	29	companies	company	NOUN
cblr-8629	491	30	in	in	ADP
cblr-8629	491	31	the	the	DET
cblr-8629	491	32	industrials	industrial	NOUN
cblr-8629	491	33	sector	sector	NOUN
cblr-8629	491	34	has	have	AUX
cblr-8629	491	35	declined	decline	VERB
cblr-8629	491	36	.	.	PUNCT
cblr-8629	492	1	ahn	ahn	PROPN
cblr-8629	492	2	et	et	PROPN
cblr-8629	492	3	al	al	PROPN
cblr-8629	492	4	.	.	PROPN
cblr-8629	493	1	8/20/2021	8/20/2021	NUM
cblr-8629	493	2	6:14	6:14	NUM
cblr-8629	493	3	pm	pm	NOUN
cblr-8629	493	4	no	no	NOUN
cblr-8629	493	5	.	.	PUNCT
cblr-8629	494	1	2:476	2:476	NUM
cblr-8629	494	2	]	]	X
cblr-8629	494	3	synthetic	synthetic	ADJ
cblr-8629	494	4	governance	governance	NOUN
cblr-8629	494	5	509	509	NUM
cblr-8629	494	6	table	table	NOUN
cblr-8629	494	7	1	1	NUM
cblr-8629	494	8	dual	dual	ADJ
cblr-8629	494	9	index	index	NOUN
cblr-8629	494	10	sector	sector	NOUN
cblr-8629	494	11	weights	weight	VERB
cblr-8629	494	12	gics	gic	NOUN
cblr-8629	494	13	sector	sector	NOUN
cblr-8629	494	14	june	june	PROPN
cblr-8629	494	15	2009	2009	NUM
cblr-8629	494	16	december	december	PROPN
cblr-8629	494	17	2019	2019	NUM
cblr-8629	494	18	average	average	ADJ
cblr-8629	494	19	communication	communication	NOUN
cblr-8629	494	20	services	service	NOUN
cblr-8629	494	21	23.4	23.4	NUM
cblr-8629	494	22	%	%	NOUN
cblr-8629	494	23	38.8	38.8	NUM
cblr-8629	494	24	%	%	NOUN
cblr-8629	494	25	29.2	29.2	NUM
cblr-8629	494	26	%	%	NOUN
cblr-8629	494	27	information	information	NOUN
cblr-8629	494	28	technology	technology	NOUN
cblr-8629	494	29	20.9	20.9	NUM
cblr-8629	494	30	%	%	NOUN
cblr-8629	494	31	33.7	33.7	NUM
cblr-8629	494	32	%	%	NOUN
cblr-8629	494	33	26.1	26.1	NUM
cblr-8629	494	34	%	%	NOUN
cblr-8629	494	35	financials	financial	NOUN
cblr-8629	494	36	15.8	15.8	NUM
cblr-8629	494	37	%	%	NOUN
cblr-8629	494	38	9.4	9.4	NUM
cblr-8629	494	39	%	%	NOUN
cblr-8629	494	40	13.4	13.4	NUM
cblr-8629	494	41	%	%	NOUN
cblr-8629	494	42	consumer	consumer	NOUN
cblr-8629	494	43	discretionary	discretionary	NOUN
cblr-8629	494	44	8.1	8.1	NUM
cblr-8629	494	45	%	%	NOUN
cblr-8629	494	46	4.9	4.9	NUM
cblr-8629	494	47	%	%	NOUN
cblr-8629	494	48	6.8	6.8	NUM
cblr-8629	494	49	%	%	NOUN
cblr-8629	494	50	health	health	NOUN
cblr-8629	494	51	care	care	NOUN
cblr-8629	494	52	5.8	5.8	NUM
cblr-8629	494	53	%	%	NOUN
cblr-8629	494	54	4.4	4.4	NUM
cblr-8629	494	55	%	%	NOUN
cblr-8629	494	56	3.8	3.8	NUM
cblr-8629	494	57	%	%	NOUN
cblr-8629	494	58	consumer	consumer	NOUN
cblr-8629	494	59	staples	staple	NOUN
cblr-8629	494	60	9.2	9.2	NUM
cblr-8629	494	61	%	%	NOUN
cblr-8629	494	62	3.5	3.5	NUM
cblr-8629	494	63	%	%	NOUN
cblr-8629	494	64	7.9	7.9	NUM
cblr-8629	494	65	%	%	NOUN
cblr-8629	494	66	industrials	industrial	NOUN
cblr-8629	494	67	13.5	13.5	NUM
cblr-8629	494	68	%	%	NOUN
cblr-8629	494	69	2.7	2.7	NUM
cblr-8629	494	70	%	%	NOUN
cblr-8629	494	71	10.1	10.1	NUM
cblr-8629	494	72	%	%	NOUN
cblr-8629	494	73	real	real	ADJ
cblr-8629	494	74	estate	estate	NOUN
cblr-8629	494	75	0.8	0.8	NUM
cblr-8629	494	76	%	%	NOUN
cblr-8629	494	77	0.9	0.9	NUM
cblr-8629	494	78	%	%	NOUN
cblr-8629	494	79	1.0	1.0	NUM
cblr-8629	494	80	%	%	NOUN
cblr-8629	494	81	energy	energy	NOUN
cblr-8629	494	82	0.8	0.8	NUM
cblr-8629	494	83	%	%	NOUN
cblr-8629	494	84	0.8	0.8	NUM
cblr-8629	494	85	%	%	NOUN
cblr-8629	494	86	0.5	0.5	NUM
cblr-8629	494	87	%	%	NOUN
cblr-8629	494	88	materials	material	NOUN
cblr-8629	494	89	1.8	1.8	NUM
cblr-8629	494	90	%	%	NOUN
cblr-8629	494	91	0.7	0.7	NUM
cblr-8629	494	92	%	%	NOUN
cblr-8629	494	93	1.2	1.2	NUM
cblr-8629	494	94	%	%	NOUN
cblr-8629	494	95	utilities	utility	NOUN
cblr-8629	494	96	0.0	0.0	NUM
cblr-8629	494	97	%	%	NOUN
cblr-8629	494	98	0.3	0.3	NUM
cblr-8629	494	99	%	%	NOUN
cblr-8629	494	100	0.1	0.1	NUM
cblr-8629	494	101	%	%	NOUN
cblr-8629	494	102	table	table	NOUN
cblr-8629	494	103	2	2	NUM
cblr-8629	494	104	compares	compare	VERB
cblr-8629	494	105	the	the	DET
cblr-8629	494	106	dual	dual	ADJ
cblr-8629	494	107	index	index	NOUN
cblr-8629	494	108	constituents	constituent	NOUN
cblr-8629	494	109	to	to	ADP
cblr-8629	494	110	the	the	DET
cblr-8629	494	111	general	general	ADJ
cblr-8629	494	112	population	population	NOUN
cblr-8629	494	113	of	of	ADP
cblr-8629	494	114	companies	company	NOUN
cblr-8629	494	115	along	along	ADP
cblr-8629	494	116	several	several	ADJ
cblr-8629	494	117	dimensions	dimension	NOUN
cblr-8629	494	118	of	of	ADP
cblr-8629	494	119	corporate	corporate	ADJ
cblr-8629	494	120	governance	governance	NOUN
cblr-8629	494	121	.	.	PUNCT
cblr-8629	495	1	the	the	DET
cblr-8629	495	2	evidence	evidence	NOUN
cblr-8629	495	3	shows	show	VERB
cblr-8629	495	4	that	that	SCONJ
cblr-8629	495	5	the	the	DET
cblr-8629	495	6	dual	dual	ADJ
cblr-8629	495	7	class	class	NOUN
cblr-8629	495	8	structure	structure	NOUN
cblr-8629	495	9	overlaps	overlap	VERB
cblr-8629	495	10	with	with	ADP
cblr-8629	495	11	other	other	ADJ
cblr-8629	495	12	provisions	provision	NOUN
cblr-8629	495	13	that	that	PRON
cblr-8629	495	14	may	may	AUX
cblr-8629	495	15	inhibit	inhibit	VERB
cblr-8629	495	16	management	management	NOUN
cblr-8629	495	17	accountability	accountability	NOUN
cblr-8629	495	18	to	to	ADP
cblr-8629	495	19	shareholders	shareholder	NOUN
cblr-8629	495	20	and	and	CCONJ
cblr-8629	495	21	increase	increase	VERB
cblr-8629	495	22	agency	agency	NOUN
cblr-8629	495	23	costs	cost	NOUN
cblr-8629	495	24	—	—	PUNCT
cblr-8629	495	25	that	that	ADV
cblr-8629	495	26	is	be	AUX
cblr-8629	495	27	,	,	PUNCT
cblr-8629	495	28	other	other	ADJ
cblr-8629	495	29	provisions	provision	NOUN
cblr-8629	495	30	typically	typically	ADV
cblr-8629	495	31	characterized	characterize	VERB
cblr-8629	495	32	as	as	ADP
cblr-8629	495	33	“	"	PUNCT
cblr-8629	495	34	bad	bad	ADJ
cblr-8629	495	35	”	"	PUNCT
cblr-8629	495	36	governance	governance	NOUN
cblr-8629	495	37	.	.	PUNCT
cblr-8629	496	1	to	to	PART
cblr-8629	496	2	illustrate	illustrate	VERB
cblr-8629	496	3	,	,	PUNCT
cblr-8629	496	4	dual	dual	ADJ
cblr-8629	496	5	class	class	NOUN
cblr-8629	496	6	companies	company	NOUN
cblr-8629	496	7	are	be	AUX
cblr-8629	496	8	significantly	significantly	ADV
cblr-8629	496	9	less	less	ADV
cblr-8629	496	10	likely	likely	ADJ
cblr-8629	496	11	to	to	PART
cblr-8629	496	12	separate	separate	VERB
cblr-8629	496	13	the	the	DET
cblr-8629	496	14	ceo	ceo	NOUN
cblr-8629	496	15	and	and	CCONJ
cblr-8629	496	16	board	board	NOUN
cblr-8629	496	17	chair	chair	NOUN
cblr-8629	496	18	positions.126	positions.126	VERB
cblr-8629	496	19	the	the	DET
cblr-8629	496	20	frequency	frequency	NOUN
cblr-8629	496	21	of	of	ADP
cblr-8629	496	22	dual	dual	ADJ
cblr-8629	496	23	class	class	NOUN
cblr-8629	496	24	companies	company	NOUN
cblr-8629	496	25	with	with	ADP
cblr-8629	496	26	combined	combined	ADJ
cblr-8629	496	27	ceo	ceo	NOUN
cblr-8629	496	28	-	-	PUNCT
cblr-8629	496	29	chair	chair	NOUN
cblr-8629	496	30	roles	role	NOUN
cblr-8629	496	31	is	be	AUX
cblr-8629	496	32	42	42	NUM
cblr-8629	496	33	%	%	NOUN
cblr-8629	496	34	compared	compare	VERB
cblr-8629	496	35	to	to	ADP
cblr-8629	496	36	32	32	NUM
cblr-8629	496	37	%	%	NOUN
cblr-8629	496	38	for	for	ADP
cblr-8629	496	39	the	the	DET
cblr-8629	496	40	general	general	ADJ
cblr-8629	496	41	population	population	NOUN
cblr-8629	496	42	.	.	PUNCT
cblr-8629	497	1	dual	dual	ADJ
cblr-8629	497	2	class	class	NOUN
cblr-8629	497	3	companies	company	NOUN
cblr-8629	497	4	are	be	AUX
cblr-8629	497	5	less	less	ADV
cblr-8629	497	6	likely	likely	ADJ
cblr-8629	497	7	to	to	PART
cblr-8629	497	8	require	require	VERB
cblr-8629	497	9	majority	majority	NOUN
cblr-8629	497	10	voting	voting	NOUN
cblr-8629	497	11	to	to	PART
cblr-8629	497	12	elect	elect	VERB
cblr-8629	497	13	their	their	PRON
cblr-8629	497	14	board	board	NOUN
cblr-8629	497	15	(	(	PUNCT
cblr-8629	497	16	26	26	NUM
cblr-8629	497	17	%	%	NOUN
cblr-8629	497	18	versus	versus	ADP
cblr-8629	497	19	42%).127	42%).127	NUM
cblr-8629	497	20	dual	dual	ADJ
cblr-8629	497	21	class	class	NOUN
cblr-8629	497	22	companies	company	NOUN
cblr-8629	497	23	are	be	AUX
cblr-8629	497	24	also	also	ADV
cblr-8629	497	25	slightly	slightly	ADV
cblr-8629	497	26	less	less	ADV
cblr-8629	497	27	likely	likely	ADJ
cblr-8629	497	28	to	to	ADP
cblr-8629	497	29	126	126	NUM
cblr-8629	497	30	for	for	ADP
cblr-8629	497	31	a	a	DET
cblr-8629	497	32	discussion	discussion	NOUN
cblr-8629	497	33	of	of	ADP
cblr-8629	497	34	separating	separate	VERB
cblr-8629	497	35	the	the	DET
cblr-8629	497	36	ceo	ceo	NOUN
cblr-8629	497	37	and	and	CCONJ
cblr-8629	497	38	chair	chair	NOUN
cblr-8629	497	39	positions	position	NOUN
cblr-8629	497	40	,	,	PUNCT
cblr-8629	497	41	see	see	VERB
cblr-8629	497	42	yaron	yaron	PROPN
cblr-8629	497	43	nili	nili	PROPN
cblr-8629	497	44	,	,	PUNCT
cblr-8629	497	45	successor	successor	NOUN
cblr-8629	497	46	ceos	ceo	NOUN
cblr-8629	497	47	,	,	PUNCT
cblr-8629	497	48	99	99	NUM
cblr-8629	497	49	b.u	b.u	PROPN
cblr-8629	497	50	.	.	PROPN
cblr-8629	497	51	l.	l.	PROPN
cblr-8629	497	52	rev	rev	PROPN
cblr-8629	497	53	.	.	PROPN
cblr-8629	497	54	787	787	NUM
cblr-8629	497	55	,	,	PUNCT
cblr-8629	497	56	805–16	805–16	NOUN
cblr-8629	497	57	(	(	PUNCT
cblr-8629	497	58	2019	2019	NUM
cblr-8629	497	59	)	)	PUNCT
cblr-8629	497	60	.	.	PUNCT
cblr-8629	498	1	127	127	NUM
cblr-8629	498	2	for	for	ADP
cblr-8629	498	3	an	an	DET
cblr-8629	498	4	explanation	explanation	NOUN
cblr-8629	498	5	of	of	ADP
cblr-8629	498	6	majority	majority	NOUN
cblr-8629	498	7	versus	versus	ADP
cblr-8629	498	8	plurality	plurality	NOUN
cblr-8629	498	9	voting	voting	NOUN
cblr-8629	498	10	,	,	PUNCT
cblr-8629	498	11	see	see	VERB
cblr-8629	498	12	stephen	stephen	PROPN
cblr-8629	498	13	j.	j.	PROPN
cblr-8629	498	14	choi	choi	PROPN
cblr-8629	498	15	,	,	PUNCT
cblr-8629	498	16	jill	jill	PROPN
cblr-8629	498	17	e.	e.	PROPN
cblr-8629	498	18	fisch	fisch	PROPN
cblr-8629	498	19	,	,	PUNCT
cblr-8629	498	20	marcel	marcel	PROPN
cblr-8629	498	21	kahan	kahan	PROPN
cblr-8629	498	22	&	&	CCONJ
cblr-8629	498	23	edward	edward	PROPN
cblr-8629	498	24	b.	b.	PROPN
cblr-8629	498	25	rock	rock	PROPN
cblr-8629	498	26	,	,	PUNCT
cblr-8629	498	27	does	do	VERB
cblr-8629	498	28	majority	majority	NOUN
cblr-8629	498	29	ahn	ahn	PROPN
cblr-8629	498	30	et	et	PROPN
cblr-8629	498	31	al	al	PROPN
cblr-8629	498	32	.	.	PROPN
cblr-8629	499	1	8/20/2021	8/20/2021	NUM
cblr-8629	499	2	6:14	6:14	NUM
cblr-8629	499	3	pm	pm	PROPN
cblr-8629	499	4	510	510	NUM
cblr-8629	499	5	columbia	columbia	PROPN
cblr-8629	499	6	business	business	NOUN
cblr-8629	499	7	law	law	PROPN
cblr-8629	499	8	review	review	NOUN
cblr-8629	499	9	[	[	X
cblr-8629	499	10	vol	vol	NOUN
cblr-8629	499	11	.	.	PUNCT
cblr-8629	499	12	2021	2021	NUM
cblr-8629	499	13	have	have	VERB
cblr-8629	499	14	a	a	DET
cblr-8629	499	15	majority	majority	NOUN
cblr-8629	499	16	of	of	ADP
cblr-8629	499	17	independent	independent	ADJ
cblr-8629	499	18	board	board	NOUN
cblr-8629	499	19	directors	director	NOUN
cblr-8629	499	20	(	(	PUNCT
cblr-8629	499	21	83	83	NUM
cblr-8629	499	22	%	%	NOUN
cblr-8629	499	23	versus	versus	ADP
cblr-8629	499	24	88%)128	88%)128	NOUN
cblr-8629	499	25	and	and	CCONJ
cblr-8629	499	26	less	less	ADV
cblr-8629	499	27	likely	likely	ADJ
cblr-8629	499	28	to	to	PART
cblr-8629	499	29	have	have	VERB
cblr-8629	499	30	a	a	DET
cblr-8629	499	31	majority	majority	NOUN
cblr-8629	499	32	voting	voting	NOUN
cblr-8629	499	33	director	director	NOUN
cblr-8629	499	34	resignation	resignation	NOUN
cblr-8629	499	35	policy	policy	NOUN
cblr-8629	499	36	(	(	PUNCT
cblr-8629	499	37	30	30	NUM
cblr-8629	499	38	%	%	NOUN
cblr-8629	499	39	versus	versus	ADP
cblr-8629	499	40	48%).129	48%).129	PROPN
cblr-8629	499	41	table	table	NOUN
cblr-8629	499	42	2	2	NUM
cblr-8629	499	43	corporate	corporate	ADJ
cblr-8629	499	44	governance	governance	NOUN
cblr-8629	499	45	characteristics	characteristic	NOUN
cblr-8629	499	46	variables	variable	VERB
cblr-8629	499	47	dual	dual	ADJ
cblr-8629	499	48	stocks	stock	NOUN
cblr-8629	499	49	non	non	ADJ
cblr-8629	499	50	-	-	ADJ
cblr-8629	499	51	dual	dual	ADJ
cblr-8629	499	52	stocks	stock	NOUN
cblr-8629	499	53	dif	dif	ADV
cblr-8629	499	54	.	.	PUNCT
cblr-8629	500	1	i(dual	i(dual	PROPN
cblr-8629	500	2	ceo	ceo	PROPN
cblr-8629	500	3	chair	chair	PROPN
cblr-8629	500	4	)	)	PUNCT
cblr-8629	500	5	42	42	NUM
cblr-8629	500	6	%	%	NOUN
cblr-8629	500	7	32	32	NUM
cblr-8629	500	8	%	%	NOUN
cblr-8629	500	9	10	10	NUM
cblr-8629	500	10	%	%	NOUN
cblr-8629	500	11	*	*	PUNCT
cblr-8629	500	12	*	*	PUNCT
cblr-8629	500	13	*	*	PUNCT
cblr-8629	500	14	i(majority	i(majority	NOUN
cblr-8629	500	15	vote	vote	NOUN
cblr-8629	500	16	to	to	PART
cblr-8629	500	17	elect	elect	VERB
cblr-8629	500	18	board	board	PROPN
cblr-8629	500	19	)	)	PUNCT
cblr-8629	500	20	26	26	NUM
cblr-8629	500	21	%	%	NOUN
cblr-8629	500	22	42	42	NUM
cblr-8629	500	23	%	%	NOUN
cblr-8629	500	24	-16	-16	NUM
cblr-8629	500	25	%	%	NOUN
cblr-8629	500	26	*	*	PUNCT
cblr-8629	500	27	*	*	PUNCT
cblr-8629	500	28	*	*	PUNCT
cblr-8629	500	29	i(majority	i(majority	NOUN
cblr-8629	500	30	board	board	NOUN
cblr-8629	500	31	being	be	AUX
cblr-8629	500	32	independent	independent	ADJ
cblr-8629	500	33	)	)	PUNCT
cblr-8629	500	34	83	83	NUM
cblr-8629	500	35	%	%	NOUN
cblr-8629	500	36	88	88	NUM
cblr-8629	500	37	%	%	NOUN
cblr-8629	500	38	-5	-5	ADJ
cblr-8629	500	39	%	%	NOUN
cblr-8629	500	40	*	*	PUNCT
cblr-8629	500	41	i(director	i(director	NOUN
cblr-8629	500	42	resignation	resignation	NOUN
cblr-8629	500	43	policy	policy	NOUN
cblr-8629	500	44	)	)	PUNCT
cblr-8629	500	45	30	30	NUM
cblr-8629	500	46	%	%	NOUN
cblr-8629	500	47	48	48	NUM
cblr-8629	500	48	%	%	NOUN
cblr-8629	500	49	-18	-18	NUM
cblr-8629	500	50	%	%	NOUN
cblr-8629	500	51	*	*	PUNCT
cblr-8629	500	52	*	*	PUNCT
cblr-8629	500	53	*	*	PUNCT
cblr-8629	500	54	i(poison	i(poison	NOUN
cblr-8629	500	55	pill	pill	NOUN
cblr-8629	500	56	policy	policy	NOUN
cblr-8629	500	57	)	)	PUNCT
cblr-8629	500	58	1	1	NUM
cblr-8629	500	59	%	%	NOUN
cblr-8629	500	60	3	3	NUM
cblr-8629	500	61	%	%	NOUN
cblr-8629	500	62	-2	-2	INTJ
cblr-8629	501	1	%	%	INTJ
cblr-8629	501	2	*	*	PUNCT
cblr-8629	501	3	*	*	PUNCT
cblr-8629	501	4	*	*	PUNCT
cblr-8629	501	5	i(supermajority	i(supermajority	NOUN
cblr-8629	501	6	vote	vote	NOUN
cblr-8629	501	7	merger	merger	NOUN
cblr-8629	501	8	)	)	PUNCT
cblr-8629	501	9	7	7	NUM
cblr-8629	501	10	%	%	NOUN
cblr-8629	501	11	17	17	NUM
cblr-8629	501	12	%	%	NOUN
cblr-8629	501	13	-10	-10	NUM
cblr-8629	501	14	%	%	NOUN
cblr-8629	501	15	*	*	PUNCT
cblr-8629	501	16	*	*	PUNCT
cblr-8629	501	17	*	*	PUNCT
cblr-8629	501	18	i(shareholders	i(shareholder	NOUN
cblr-8629	501	19	special	special	ADJ
cblr-8629	501	20	meeting	meeting	NOUN
cblr-8629	501	21	rights	right	NOUN
cblr-8629	501	22	)	)	PUNCT
cblr-8629	501	23	39	39	NUM
cblr-8629	501	24	%	%	NOUN
cblr-8629	501	25	46	46	NUM
cblr-8629	501	26	%	%	NOUN
cblr-8629	501	27	-7	-7	INTJ
cblr-8629	501	28	%	%	NOUN
cblr-8629	501	29	*	*	PUNCT
cblr-8629	501	30	*	*	PUNCT
cblr-8629	502	1	*	*	PUNCT
cblr-8629	502	2	*	*	PUNCT
cblr-8629	502	3	*	*	PUNCT
cblr-8629	502	4	,	,	PUNCT
cblr-8629	502	5	*	*	PUNCT
cblr-8629	502	6	*	*	PUNCT
cblr-8629	502	7	,	,	PUNCT
cblr-8629	502	8	and	and	CCONJ
cblr-8629	502	9	*	*	PUNCT
cblr-8629	502	10	indicate	indicate	VERB
cblr-8629	502	11	statistical	statistical	ADJ
cblr-8629	502	12	significance	significance	NOUN
cblr-8629	502	13	at	at	ADP
cblr-8629	502	14	the	the	DET
cblr-8629	502	15	1	1	NUM
cblr-8629	502	16	%	%	NOUN
cblr-8629	502	17	,	,	PUNCT
cblr-8629	502	18	5	5	NUM
cblr-8629	502	19	%	%	NOUN
cblr-8629	502	20	,	,	PUNCT
cblr-8629	502	21	and	and	CCONJ
cblr-8629	502	22	10	10	NUM
cblr-8629	502	23	%	%	NOUN
cblr-8629	502	24	level	level	NOUN
cblr-8629	502	25	,	,	PUNCT
cblr-8629	502	26	respectively	respectively	ADV
cblr-8629	502	27	,	,	PUNCT
cblr-8629	502	28	using	use	VERB
cblr-8629	502	29	two	two	NUM
cblr-8629	502	30	-	-	PUNCT
cblr-8629	502	31	tailed	tail	VERB
cblr-8629	502	32	tests	test	NOUN
cblr-8629	502	33	.	.	PUNCT
cblr-8629	503	1	with	with	ADP
cblr-8629	503	2	respect	respect	NOUN
cblr-8629	503	3	to	to	ADP
cblr-8629	503	4	other	other	ADJ
cblr-8629	503	5	corporate	corporate	ADJ
cblr-8629	503	6	governance	governance	NOUN
cblr-8629	503	7	dimensions	dimension	NOUN
cblr-8629	503	8	,	,	PUNCT
cblr-8629	503	9	dual	dual	ADJ
cblr-8629	503	10	class	class	NOUN
cblr-8629	503	11	companies	company	NOUN
cblr-8629	503	12	are	be	AUX
cblr-8629	503	13	less	less	ADV
cblr-8629	503	14	likely	likely	ADJ
cblr-8629	503	15	to	to	PART
cblr-8629	503	16	have	have	VERB
cblr-8629	503	17	a	a	DET
cblr-8629	503	18	poison	poison	NOUN
cblr-8629	503	19	pill	pill	NOUN
cblr-8629	503	20	policy	policy	NOUN
cblr-8629	503	21	under	under	ADP
cblr-8629	503	22	which	which	PRON
cblr-8629	503	23	the	the	DET
cblr-8629	503	24	company	company	NOUN
cblr-8629	503	25	needs	need	VERB
cblr-8629	503	26	to	to	PART
cblr-8629	503	27	obtain	obtain	VERB
cblr-8629	503	28	stockholder	stockholder	NOUN
cblr-8629	503	29	approval	approval	NOUN
cblr-8629	503	30	before	before	ADP
cblr-8629	503	31	adopting	adopt	VERB
cblr-8629	503	32	a	a	DET
cblr-8629	503	33	poison	poison	NOUN
cblr-8629	503	34	pill	pill	NOUN
cblr-8629	503	35	(	(	PUNCT
cblr-8629	503	36	1	1	NUM
cblr-8629	503	37	%	%	NOUN
cblr-8629	503	38	versus	versus	ADP
cblr-8629	503	39	3	3	NUM
cblr-8629	503	40	%	%	NOUN
cblr-8629	503	41	)	)	PUNCT
cblr-8629	503	42	and	and	CCONJ
cblr-8629	503	43	are	be	AUX
cblr-8629	503	44	less	less	ADV
cblr-8629	503	45	likely	likely	ADJ
cblr-8629	503	46	to	to	PART
cblr-8629	503	47	require	require	VERB
cblr-8629	503	48	supermajority	supermajority	NOUN
cblr-8629	503	49	voting	voting	NOUN
cblr-8629	503	50	for	for	ADP
cblr-8629	503	51	mergers	merger	NOUN
cblr-8629	503	52	(	(	PUNCT
cblr-8629	503	53	7	7	NUM
cblr-8629	503	54	%	%	NOUN
cblr-8629	503	55	versus	versus	ADP
cblr-8629	503	56	17	17	NUM
cblr-8629	503	57	%	%	NOUN
cblr-8629	503	58	)	)	PUNCT
cblr-8629	503	59	.	.	PUNCT
cblr-8629	504	1	this	this	DET
cblr-8629	504	2	last	last	ADJ
cblr-8629	504	3	provision	provision	NOUN
cblr-8629	504	4	makes	make	VERB
cblr-8629	504	5	it	it	PRON
cblr-8629	504	6	difficult	difficult	ADJ
cblr-8629	504	7	for	for	SCONJ
cblr-8629	504	8	an	an	DET
cblr-8629	504	9	acquirer	acquirer	NOUN
cblr-8629	504	10	to	to	PART
cblr-8629	504	11	collect	collect	VERB
cblr-8629	504	12	the	the	DET
cblr-8629	504	13	affirmative	affirmative	ADJ
cblr-8629	504	14	votes	vote	NOUN
cblr-8629	504	15	of	of	ADP
cblr-8629	504	16	enough	enough	ADJ
cblr-8629	504	17	shareholders	shareholder	NOUN
cblr-8629	504	18	to	to	PART
cblr-8629	504	19	approve	approve	VERB
cblr-8629	504	20	a	a	DET
cblr-8629	504	21	merger	merger	NOUN
cblr-8629	504	22	transaction	transaction	NOUN
cblr-8629	504	23	or	or	CCONJ
cblr-8629	504	24	even	even	ADV
cblr-8629	504	25	voting	vote	VERB
cblr-8629	504	26	improve	improve	VERB
cblr-8629	504	27	board	board	NOUN
cblr-8629	504	28	accountability	accountability	NOUN
cblr-8629	504	29	?	?	PUNCT
cblr-8629	504	30	,	,	PUNCT
cblr-8629	504	31	83	83	NUM
cblr-8629	504	32	u.	u.	NOUN
cblr-8629	504	33	chi	chi	PROPN
cblr-8629	504	34	.	.	PUNCT
cblr-8629	505	1	l.	l.	PROPN
cblr-8629	505	2	rev	rev	PROPN
cblr-8629	505	3	.	.	PROPN
cblr-8629	505	4	1119	1119	NUM
cblr-8629	505	5	,	,	PUNCT
cblr-8629	505	6	1124–29	1124–29	NUM
cblr-8629	505	7	(	(	PUNCT
cblr-8629	505	8	2016	2016	NUM
cblr-8629	505	9	)	)	PUNCT
cblr-8629	505	10	.	.	PUNCT
cblr-8629	506	1	128	128	NUM
cblr-8629	506	2	recall	recall	NOUN
cblr-8629	506	3	that	that	PRON
cblr-8629	506	4	nasdaq	nasdaq	PROPN
cblr-8629	506	5	and	and	CCONJ
cblr-8629	506	6	the	the	DET
cblr-8629	506	7	nyse	nyse	PROPN
cblr-8629	506	8	require	require	VERB
cblr-8629	506	9	a	a	DET
cblr-8629	506	10	majority	majority	NOUN
cblr-8629	506	11	of	of	ADP
cblr-8629	506	12	directors	director	NOUN
cblr-8629	506	13	to	to	PART
cblr-8629	506	14	be	be	AUX
cblr-8629	506	15	independent	independent	ADJ
cblr-8629	506	16	.	.	PUNCT
cblr-8629	507	1	see	see	VERB
cblr-8629	507	2	supra	supra	PROPN
cblr-8629	507	3	note	note	PROPN
cblr-8629	507	4	49	49	NUM
cblr-8629	507	5	.	.	PUNCT
cblr-8629	508	1	129	129	NUM
cblr-8629	509	1	a	a	DET
cblr-8629	509	2	director	director	NOUN
cblr-8629	509	3	resignation	resignation	NOUN
cblr-8629	509	4	policy	policy	NOUN
cblr-8629	509	5	requires	require	VERB
cblr-8629	509	6	any	any	DET
cblr-8629	509	7	directors	director	NOUN
cblr-8629	509	8	who	who	PRON
cblr-8629	509	9	receive	receive	VERB
cblr-8629	509	10	more	more	ADJ
cblr-8629	509	11	withheld	withhold	VERB
cblr-8629	509	12	ballots	ballot	NOUN
cblr-8629	509	13	than	than	ADP
cblr-8629	509	14	votes	vote	NOUN
cblr-8629	509	15	for	for	SCONJ
cblr-8629	509	16	their	their	PRON
cblr-8629	509	17	election	election	NOUN
cblr-8629	509	18	to	to	PART
cblr-8629	509	19	tender	tender	VERB
cblr-8629	509	20	their	their	PRON
cblr-8629	509	21	resignation	resignation	NOUN
cblr-8629	509	22	to	to	ADP
cblr-8629	509	23	the	the	DET
cblr-8629	509	24	board	board	NOUN
cblr-8629	509	25	.	.	PUNCT
cblr-8629	510	1	the	the	DET
cblr-8629	510	2	board	board	NOUN
cblr-8629	510	3	will	will	AUX
cblr-8629	510	4	then	then	ADV
cblr-8629	510	5	decide	decide	VERB
cblr-8629	510	6	whether	whether	SCONJ
cblr-8629	510	7	it	it	PRON
cblr-8629	510	8	will	will	AUX
cblr-8629	510	9	accept	accept	VERB
cblr-8629	510	10	the	the	DET
cblr-8629	510	11	resignation	resignation	NOUN
cblr-8629	510	12	.	.	PUNCT
cblr-8629	511	1	see	see	VERB
cblr-8629	511	2	choi	choi	PROPN
cblr-8629	511	3	et	et	PROPN
cblr-8629	511	4	al	al	PROPN
cblr-8629	511	5	.	.	PROPN
cblr-8629	511	6	,	,	PUNCT
cblr-8629	511	7	supra	supra	PROPN
cblr-8629	511	8	note	note	VERB
cblr-8629	511	9	127	127	NUM
cblr-8629	511	10	,	,	PUNCT
cblr-8629	511	11	at	at	ADP
cblr-8629	511	12	1125–6	1125–6	PROPN
cblr-8629	511	13	(	(	PUNCT
cblr-8629	511	14	explaining	explain	VERB
cblr-8629	511	15	director	director	NOUN
cblr-8629	511	16	resignation	resignation	NOUN
cblr-8629	511	17	policies	policy	NOUN
cblr-8629	511	18	)	)	PUNCT
cblr-8629	511	19	.	.	PUNCT
cblr-8629	512	1	ahn	ahn	PROPN
cblr-8629	512	2	et	et	PROPN
cblr-8629	512	3	al	al	PROPN
cblr-8629	512	4	.	.	PROPN
cblr-8629	513	1	8/20/2021	8/20/2021	NUM
cblr-8629	513	2	6:14	6:14	NUM
cblr-8629	513	3	pm	pm	NOUN
cblr-8629	513	4	no	no	NOUN
cblr-8629	513	5	.	.	PUNCT
cblr-8629	514	1	2:476	2:476	NUM
cblr-8629	514	2	]	]	X
cblr-8629	514	3	synthetic	synthetic	ADJ
cblr-8629	514	4	governance	governance	NOUN
cblr-8629	514	5	511	511	NUM
cblr-8629	514	6	impossible	impossible	ADJ
cblr-8629	514	7	if	if	SCONJ
cblr-8629	514	8	insiders	insider	NOUN
cblr-8629	514	9	hold	hold	VERB
cblr-8629	514	10	enough	enough	ADJ
cblr-8629	514	11	shares	share	NOUN
cblr-8629	514	12	to	to	PART
cblr-8629	514	13	prevent	prevent	VERB
cblr-8629	514	14	the	the	DET
cblr-8629	514	15	acquirer	acquirer	NOUN
cblr-8629	514	16	from	from	ADP
cblr-8629	514	17	obtaining	obtain	VERB
cblr-8629	514	18	the	the	DET
cblr-8629	514	19	required	required	ADJ
cblr-8629	514	20	vote	vote	NOUN
cblr-8629	514	21	.	.	PUNCT
cblr-8629	515	1	lastly	lastly	ADV
cblr-8629	515	2	,	,	PUNCT
cblr-8629	515	3	dual	dual	ADJ
cblr-8629	515	4	class	class	NOUN
cblr-8629	515	5	companies	company	NOUN
cblr-8629	515	6	are	be	AUX
cblr-8629	515	7	less	less	ADV
cblr-8629	515	8	likely	likely	ADJ
cblr-8629	515	9	to	to	PART
cblr-8629	515	10	provide	provide	VERB
cblr-8629	515	11	shareholders	shareholder	NOUN
cblr-8629	515	12	with	with	ADP
cblr-8629	515	13	the	the	DET
cblr-8629	515	14	power	power	NOUN
cblr-8629	515	15	to	to	PART
cblr-8629	515	16	call	call	VERB
cblr-8629	515	17	a	a	DET
cblr-8629	515	18	special	special	ADJ
cblr-8629	515	19	meeting	meeting	NOUN
cblr-8629	515	20	(	(	PUNCT
cblr-8629	515	21	39	39	NUM
cblr-8629	515	22	%	%	NOUN
cblr-8629	515	23	versus	versus	ADP
cblr-8629	515	24	46	46	NUM
cblr-8629	515	25	%	%	NOUN
cblr-8629	515	26	)	)	PUNCT
cblr-8629	515	27	.	.	PUNCT
cblr-8629	516	1	c.	c.	PROPN
cblr-8629	516	2	back	back	NOUN
cblr-8629	516	3	-	-	PUNCT
cblr-8629	516	4	testing	testing	NOUN
cblr-8629	516	5	results	result	NOUN
cblr-8629	516	6	next	next	ADV
cblr-8629	516	7	,	,	PUNCT
cblr-8629	516	8	we	we	PRON
cblr-8629	516	9	evaluate	evaluate	VERB
cblr-8629	516	10	the	the	DET
cblr-8629	516	11	historical	historical	ADJ
cblr-8629	516	12	track	track	NOUN
cblr-8629	516	13	record	record	NOUN
cblr-8629	516	14	of	of	ADP
cblr-8629	516	15	the	the	DET
cblr-8629	516	16	dual	dual	ADJ
cblr-8629	516	17	index	index	NOUN
cblr-8629	516	18	.	.	PUNCT
cblr-8629	517	1	table	table	NOUN
cblr-8629	517	2	3	3	NUM
cblr-8629	517	3	presents	present	VERB
cblr-8629	517	4	the	the	DET
cblr-8629	517	5	results	result	NOUN
cblr-8629	517	6	over	over	ADP
cblr-8629	517	7	the	the	DET
cblr-8629	517	8	126	126	NUM
cblr-8629	517	9	months	month	NOUN
cblr-8629	517	10	from	from	ADP
cblr-8629	517	11	june	june	PROPN
cblr-8629	517	12	2009	2009	NUM
cblr-8629	517	13	to	to	ADP
cblr-8629	517	14	december	december	PROPN
cblr-8629	517	15	2019	2019	NUM
cblr-8629	517	16	.	.	PUNCT
cblr-8629	518	1	we	we	PRON
cblr-8629	518	2	construct	construct	VERB
cblr-8629	518	3	the	the	DET
cblr-8629	518	4	valueweighted	valueweighted	ADJ
cblr-8629	518	5	market	market	NOUN
cblr-8629	518	6	index	index	NOUN
cblr-8629	518	7	,	,	PUNCT
cblr-8629	518	8	including	include	VERB
cblr-8629	518	9	distributions	distribution	NOUN
cblr-8629	518	10	,	,	PUNCT
cblr-8629	518	11	using	use	VERB
cblr-8629	518	12	the	the	DET
cblr-8629	518	13	crsp	crsp	ADJ
cblr-8629	518	14	universe	universe	NOUN
cblr-8629	518	15	of	of	ADP
cblr-8629	518	16	common	common	ADJ
cblr-8629	518	17	stocks	stock	NOUN
cblr-8629	518	18	.	.	PUNCT
cblr-8629	519	1	over	over	ADP
cblr-8629	519	2	the	the	DET
cblr-8629	519	3	back	back	NOUN
cblr-8629	519	4	-	-	PUNCT
cblr-8629	519	5	testing	testing	NOUN
cblr-8629	519	6	period	period	NOUN
cblr-8629	519	7	,	,	PUNCT
cblr-8629	519	8	the	the	DET
cblr-8629	519	9	dual	dual	ADJ
cblr-8629	519	10	index	index	NOUN
cblr-8629	519	11	earned	earn	VERB
cblr-8629	519	12	an	an	DET
cblr-8629	519	13	annual	annual	ADJ
cblr-8629	519	14	return	return	NOUN
cblr-8629	519	15	of	of	ADP
cblr-8629	519	16	19.23	19.23	NUM
cblr-8629	519	17	%	%	NOUN
cblr-8629	519	18	with	with	ADP
cblr-8629	519	19	a	a	DET
cblr-8629	519	20	standard	standard	ADJ
cblr-8629	519	21	deviation	deviation	NOUN
cblr-8629	519	22	of	of	ADP
cblr-8629	519	23	14.39	14.39	NUM
cblr-8629	519	24	%	%	NOUN
cblr-8629	519	25	,	,	PUNCT
cblr-8629	519	26	while	while	SCONJ
cblr-8629	519	27	the	the	DET
cblr-8629	519	28	crsp	crsp	PROPN
cblr-8629	519	29	market	market	NOUN
cblr-8629	519	30	index	index	NOUN
cblr-8629	519	31	earned	earn	VERB
cblr-8629	519	32	an	an	DET
cblr-8629	519	33	annual	annual	ADJ
cblr-8629	519	34	return	return	NOUN
cblr-8629	519	35	of	of	ADP
cblr-8629	519	36	14.98	14.98	NUM
cblr-8629	519	37	%	%	NOUN
cblr-8629	519	38	with	with	ADP
cblr-8629	519	39	a	a	DET
cblr-8629	519	40	standard	standard	ADJ
cblr-8629	519	41	deviation	deviation	NOUN
cblr-8629	519	42	of	of	ADP
cblr-8629	519	43	12.98	12.98	NUM
cblr-8629	519	44	%	%	NOUN
cblr-8629	519	45	.	.	PUNCT
cblr-8629	520	1	the	the	DET
cblr-8629	520	2	dual	dual	ADJ
cblr-8629	520	3	index	index	NOUN
cblr-8629	520	4	performance	performance	NOUN
cblr-8629	520	5	corresponds	correspond	VERB
cblr-8629	520	6	to	to	ADP
cblr-8629	520	7	a	a	DET
cblr-8629	520	8	monthly	monthly	ADJ
cblr-8629	520	9	multi	multi	ADJ
cblr-8629	520	10	-	-	ADJ
cblr-8629	520	11	factor	factor	NOUN
cblr-8629	520	12	alpha	alpha	NOUN
cblr-8629	520	13	of	of	ADP
cblr-8629	520	14	thirty	thirty	NUM
cblr-8629	520	15	-	-	PUNCT
cblr-8629	520	16	one	one	NUM
cblr-8629	520	17	basis	basis	NOUN
cblr-8629	520	18	points	point	NOUN
cblr-8629	520	19	.	.	PUNCT
cblr-8629	521	1	in	in	ADP
cblr-8629	521	2	terms	term	NOUN
cblr-8629	521	3	of	of	ADP
cblr-8629	521	4	factor	factor	NOUN
cblr-8629	521	5	loadings	loading	NOUN
cblr-8629	521	6	,	,	PUNCT
cblr-8629	521	7	the	the	DET
cblr-8629	521	8	dual	dual	ADJ
cblr-8629	521	9	index	index	NOUN
cblr-8629	521	10	has	have	VERB
cblr-8629	521	11	(	(	PUNCT
cblr-8629	521	12	1	1	X
cblr-8629	521	13	)	)	PUNCT
cblr-8629	521	14	positive	positive	ADJ
cblr-8629	521	15	loadings	loading	NOUN
cblr-8629	521	16	on	on	ADP
cblr-8629	521	17	the	the	DET
cblr-8629	521	18	market	market	NOUN
cblr-8629	521	19	and	and	CCONJ
cblr-8629	521	20	momentum	momentum	NOUN
cblr-8629	521	21	factors	factor	NOUN
cblr-8629	521	22	,	,	PUNCT
cblr-8629	521	23	(	(	PUNCT
cblr-8629	521	24	2	2	X
cblr-8629	521	25	)	)	PUNCT
cblr-8629	521	26	negative	negative	ADJ
cblr-8629	521	27	loadings	loading	NOUN
cblr-8629	521	28	on	on	ADP
cblr-8629	521	29	the	the	DET
cblr-8629	521	30	size	size	NOUN
cblr-8629	521	31	and	and	CCONJ
cblr-8629	521	32	investment	investment	NOUN
cblr-8629	521	33	factors	factor	NOUN
cblr-8629	521	34	,	,	PUNCT
cblr-8629	521	35	and	and	CCONJ
cblr-8629	521	36	(	(	PUNCT
cblr-8629	521	37	3	3	X
cblr-8629	521	38	)	)	PUNCT
cblr-8629	521	39	insignificant	insignificant	ADJ
cblr-8629	521	40	loadings	loading	NOUN
cblr-8629	521	41	on	on	ADP
cblr-8629	521	42	the	the	DET
cblr-8629	521	43	value	value	NOUN
cblr-8629	521	44	and	and	CCONJ
cblr-8629	521	45	profitability	profitability	NOUN
cblr-8629	521	46	factors	factor	NOUN
cblr-8629	521	47	.	.	PUNCT
cblr-8629	522	1	table	table	NOUN
cblr-8629	522	2	3	3	NUM
cblr-8629	522	3	dual	dual	ADJ
cblr-8629	522	4	index	index	NOUN
cblr-8629	522	5	performance	performance	NOUN
cblr-8629	522	6	(	(	PUNCT
cblr-8629	522	7	june	june	PROPN
cblr-8629	522	8	2009	2009	NUM
cblr-8629	522	9	to	to	ADP
cblr-8629	522	10	december	december	PROPN
cblr-8629	522	11	2019	2019	NUM
cblr-8629	522	12	)	)	PUNCT
cblr-8629	522	13	dual	dual	ADJ
cblr-8629	522	14	index	index	NOUN
cblr-8629	522	15	market	market	NOUN
cblr-8629	522	16	index	index	NOUN
cblr-8629	522	17	market	market	NOUN
cblr-8629	522	18	ex	ex	PRON
cblr-8629	522	19	dual	dual	ADJ
cblr-8629	522	20	mimic	mimic	ADJ
cblr-8629	522	21	index	index	NOUN
cblr-8629	522	22	monthly	monthly	ADJ
cblr-8629	522	23	return	return	NOUN
cblr-8629	522	24	1.60	1.60	NUM
cblr-8629	522	25	%	%	NOUN
cblr-8629	522	26	1.25	1.25	NUM
cblr-8629	522	27	%	%	NOUN
cblr-8629	522	28	1.23	1.23	NUM
cblr-8629	522	29	%	%	NOUN
cblr-8629	522	30	1.32	1.32	NUM
cblr-8629	522	31	%	%	NOUN
cblr-8629	522	32	monthly	monthly	ADJ
cblr-8629	522	33	volatility	volatility	NOUN
cblr-8629	522	34	4.15	4.15	NUM
cblr-8629	522	35	%	%	NOUN
cblr-8629	522	36	3.75	3.75	NUM
cblr-8629	522	37	%	%	NOUN
cblr-8629	522	38	3.75	3.75	NUM
cblr-8629	522	39	%	%	NOUN
cblr-8629	522	40	3.78	3.78	NUM
cblr-8629	522	41	%	%	NOUN
cblr-8629	522	42	annual	annual	ADJ
cblr-8629	522	43	return	return	NOUN
cblr-8629	522	44	19.23	19.23	NUM
cblr-8629	522	45	%	%	NOUN
cblr-8629	522	46	14.98	14.98	NUM
cblr-8629	522	47	%	%	NOUN
cblr-8629	522	48	14.72	14.72	NUM
cblr-8629	522	49	%	%	NOUN
cblr-8629	522	50	15.89	15.89	NUM
cblr-8629	522	51	%	%	NOUN
cblr-8629	522	52	annual	annual	ADJ
cblr-8629	522	53	volatility	volatility	NOUN
cblr-8629	522	54	14.39	14.39	NUM
cblr-8629	522	55	%	%	NOUN
cblr-8629	522	56	12.98	12.98	NUM
cblr-8629	522	57	%	%	NOUN
cblr-8629	522	58	12.99	12.99	NUM
cblr-8629	522	59	%	%	NOUN
cblr-8629	522	60	13.10	13.10	NUM
cblr-8629	522	61	%	%	NOUN
cblr-8629	522	62	cum	cum	NOUN
cblr-8629	522	63	.	.	PUNCT
cblr-8629	523	1	growth	growth	NOUN
cblr-8629	523	2	of	of	ADP
cblr-8629	523	3	$	$	SYM
cblr-8629	523	4	1	1	NUM
cblr-8629	523	5	$	$	SYM
cblr-8629	523	6	6.68	6.68	NUM
cblr-8629	523	7	$	$	SYM
cblr-8629	523	8	4.38	4.38	NUM
cblr-8629	523	9	$	$	SYM
cblr-8629	523	10	4.26	4.26	NUM
cblr-8629	523	11	$	$	SYM
cblr-8629	523	12	4.81	4.81	NUM
cblr-8629	523	13	table	table	NOUN
cblr-8629	523	14	3	3	NUM
cblr-8629	523	15	also	also	ADV
cblr-8629	523	16	compares	compare	VERB
cblr-8629	523	17	the	the	DET
cblr-8629	523	18	dual	dual	ADJ
cblr-8629	523	19	index	index	NOUN
cblr-8629	523	20	to	to	ADP
cblr-8629	523	21	two	two	NUM
cblr-8629	523	22	other	other	ADJ
cblr-8629	523	23	benchmarks	benchmark	NOUN
cblr-8629	523	24	.	.	PUNCT
cblr-8629	524	1	first	first	ADV
cblr-8629	524	2	,	,	PUNCT
cblr-8629	524	3	in	in	ADP
cblr-8629	524	4	the	the	DET
cblr-8629	524	5	third	third	ADJ
cblr-8629	524	6	column	column	NOUN
cblr-8629	524	7	,	,	PUNCT
cblr-8629	524	8	it	it	PRON
cblr-8629	524	9	compares	compare	VERB
cblr-8629	524	10	the	the	DET
cblr-8629	524	11	dual	dual	ADJ
cblr-8629	524	12	index	index	NOUN
cblr-8629	524	13	to	to	ADP
cblr-8629	524	14	the	the	DET
cblr-8629	524	15	market	market	NOUN
cblr-8629	524	16	with	with	ADP
cblr-8629	524	17	dual	dual	ADJ
cblr-8629	524	18	class	class	NOUN
cblr-8629	524	19	companies	company	NOUN
cblr-8629	524	20	excluded	exclude	VERB
cblr-8629	524	21	.	.	PUNCT
cblr-8629	525	1	the	the	DET
cblr-8629	525	2	third	third	ADJ
cblr-8629	525	3	column	column	NOUN
cblr-8629	525	4	thus	thus	ADV
cblr-8629	525	5	demonstrates	demonstrate	VERB
cblr-8629	525	6	the	the	DET
cblr-8629	525	7	economic	economic	ADJ
cblr-8629	525	8	impact	impact	NOUN
cblr-8629	525	9	of	of	ADP
cblr-8629	525	10	excluding	exclude	VERB
cblr-8629	525	11	issuers	issuer	NOUN
cblr-8629	525	12	with	with	ADP
cblr-8629	525	13	dual	dual	ADJ
cblr-8629	525	14	class	class	NOUN
cblr-8629	525	15	stock	stock	NOUN
cblr-8629	525	16	in	in	ADP
cblr-8629	525	17	accordance	accordance	NOUN
cblr-8629	525	18	with	with	ADP
cblr-8629	525	19	the	the	DET
cblr-8629	525	20	ahn	ahn	PROPN
cblr-8629	525	21	et	et	PROPN
cblr-8629	525	22	al	al	PROPN
cblr-8629	525	23	.	.	PROPN
cblr-8629	525	24	8/20/2021	8/20/2021	NUM
cblr-8629	525	25	6:14	6:14	NUM
cblr-8629	525	26	pm	pm	PROPN
cblr-8629	525	27	512	512	NUM
cblr-8629	525	28	columbia	columbia	PROPN
cblr-8629	525	29	business	business	NOUN
cblr-8629	525	30	law	law	PROPN
cblr-8629	525	31	review	review	NOUN
cblr-8629	525	32	[	[	X
cblr-8629	525	33	vol	vol	NOUN
cblr-8629	525	34	.	.	NOUN
cblr-8629	525	35	2021	2021	NUM
cblr-8629	525	36	approach	approach	NOUN
cblr-8629	525	37	recently	recently	ADV
cblr-8629	525	38	adopted	adopt	VERB
cblr-8629	525	39	by	by	ADP
cblr-8629	525	40	some	some	DET
cblr-8629	525	41	index	index	NOUN
cblr-8629	525	42	providers.130	providers.130	NOUN
cblr-8629	525	43	as	as	SCONJ
cblr-8629	525	44	the	the	DET
cblr-8629	525	45	column	column	NOUN
cblr-8629	525	46	indicates	indicate	VERB
cblr-8629	525	47	,	,	PUNCT
cblr-8629	525	48	excluding	exclude	VERB
cblr-8629	525	49	dual	dual	ADJ
cblr-8629	525	50	class	class	NOUN
cblr-8629	525	51	has	have	VERB
cblr-8629	525	52	little	little	ADJ
cblr-8629	525	53	effect	effect	NOUN
cblr-8629	525	54	on	on	ADP
cblr-8629	525	55	performance	performance	NOUN
cblr-8629	525	56	relative	relative	ADJ
cblr-8629	525	57	to	to	ADP
cblr-8629	525	58	the	the	DET
cblr-8629	525	59	market	market	NOUN
cblr-8629	525	60	as	as	ADP
cblr-8629	525	61	a	a	DET
cblr-8629	525	62	whole	whole	NOUN
cblr-8629	525	63	.	.	PUNCT
cblr-8629	526	1	second	second	ADJ
cblr-8629	526	2	,	,	PUNCT
cblr-8629	526	3	in	in	ADP
cblr-8629	526	4	response	response	NOUN
cblr-8629	526	5	to	to	ADP
cblr-8629	526	6	the	the	DET
cblr-8629	526	7	fact	fact	NOUN
cblr-8629	526	8	that	that	SCONJ
cblr-8629	526	9	dual	dual	ADJ
cblr-8629	526	10	class	class	NOUN
cblr-8629	526	11	voting	voting	NOUN
cblr-8629	526	12	structures	structure	NOUN
cblr-8629	526	13	are	be	AUX
cblr-8629	526	14	concentrated	concentrate	VERB
cblr-8629	526	15	in	in	ADP
cblr-8629	526	16	the	the	DET
cblr-8629	526	17	technology	technology	NOUN
cblr-8629	526	18	sector,131	sector,131	ADV
cblr-8629	526	19	and	and	CCONJ
cblr-8629	526	20	to	to	PART
cblr-8629	526	21	isolate	isolate	VERB
cblr-8629	526	22	the	the	DET
cblr-8629	526	23	sectoral	sectoral	ADJ
cblr-8629	526	24	component	component	NOUN
cblr-8629	526	25	of	of	ADP
cblr-8629	526	26	the	the	DET
cblr-8629	526	27	dual	dual	ADJ
cblr-8629	526	28	index	index	NOUN
cblr-8629	526	29	,	,	PUNCT
cblr-8629	526	30	we	we	PRON
cblr-8629	526	31	construct	construct	VERB
cblr-8629	526	32	a	a	DET
cblr-8629	526	33	portfolio	portfolio	NOUN
cblr-8629	526	34	of	of	ADP
cblr-8629	526	35	non	non	ADJ
cblr-8629	526	36	-	-	ADJ
cblr-8629	526	37	dual	dual	ADJ
cblr-8629	526	38	-	-	PUNCT
cblr-8629	526	39	class	class	NOUN
cblr-8629	526	40	companies	company	NOUN
cblr-8629	526	41	with	with	ADP
cblr-8629	526	42	identical	identical	ADJ
cblr-8629	526	43	sector	sector	NOUN
cblr-8629	526	44	weights	weight	NOUN
cblr-8629	526	45	to	to	ADP
cblr-8629	526	46	those	those	PRON
cblr-8629	526	47	of	of	ADP
cblr-8629	526	48	the	the	DET
cblr-8629	526	49	dual	dual	ADJ
cblr-8629	526	50	index	index	NOUN
cblr-8629	526	51	.	.	PUNCT
cblr-8629	527	1	in	in	ADP
cblr-8629	527	2	essence	essence	NOUN
cblr-8629	527	3	,	,	PUNCT
cblr-8629	527	4	the	the	DET
cblr-8629	527	5	mimicking	mimicking	ADJ
cblr-8629	527	6	index	index	NOUN
cblr-8629	527	7	(	(	PUNCT
cblr-8629	527	8	mimic	mimic	ADJ
cblr-8629	527	9	index	index	NOUN
cblr-8629	527	10	)	)	PUNCT
cblr-8629	527	11	replicates	replicate	VERB
cblr-8629	527	12	the	the	DET
cblr-8629	527	13	sectoral	sectoral	ADJ
cblr-8629	527	14	exposure	exposure	NOUN
cblr-8629	527	15	of	of	ADP
cblr-8629	527	16	the	the	DET
cblr-8629	527	17	dual	dual	ADJ
cblr-8629	527	18	index	index	NOUN
cblr-8629	527	19	using	use	VERB
cblr-8629	527	20	non	non	ADJ
cblr-8629	527	21	-	-	ADJ
cblr-8629	527	22	dual	dual	ADJ
cblr-8629	527	23	-	-	PUNCT
cblr-8629	527	24	class	class	NOUN
cblr-8629	527	25	companies	company	NOUN
cblr-8629	527	26	.	.	PUNCT
cblr-8629	528	1	this	this	DET
cblr-8629	528	2	index	index	NOUN
cblr-8629	528	3	thus	thus	ADV
cblr-8629	528	4	addresses	address	VERB
cblr-8629	528	5	concerns	concern	NOUN
cblr-8629	528	6	that	that	SCONJ
cblr-8629	528	7	the	the	DET
cblr-8629	528	8	results	result	NOUN
cblr-8629	528	9	of	of	ADP
cblr-8629	528	10	the	the	DET
cblr-8629	528	11	dual	dual	ADJ
cblr-8629	528	12	index	index	NOUN
cblr-8629	528	13	are	be	AUX
cblr-8629	528	14	driven	drive	VERB
cblr-8629	528	15	solely	solely	ADV
cblr-8629	528	16	by	by	ADP
cblr-8629	528	17	outperformance	outperformance	NOUN
cblr-8629	528	18	of	of	ADP
cblr-8629	528	19	technology	technology	NOUN
cblr-8629	528	20	firms	firm	NOUN
cblr-8629	528	21	.	.	PUNCT
cblr-8629	529	1	table	table	NOUN
cblr-8629	529	2	3	3	NUM
cblr-8629	529	3	shows	show	VERB
cblr-8629	529	4	that	that	SCONJ
cblr-8629	529	5	over	over	ADP
cblr-8629	529	6	the	the	DET
cblr-8629	529	7	back	back	NOUN
cblr-8629	529	8	-	-	PUNCT
cblr-8629	529	9	testing	testing	NOUN
cblr-8629	529	10	period	period	NOUN
cblr-8629	529	11	the	the	DET
cblr-8629	529	12	mimic	mimic	ADJ
cblr-8629	529	13	index	index	NOUN
cblr-8629	529	14	earned	earn	VERB
cblr-8629	529	15	an	an	DET
cblr-8629	529	16	annual	annual	ADJ
cblr-8629	529	17	return	return	NOUN
cblr-8629	529	18	of	of	ADP
cblr-8629	529	19	15.89	15.89	NUM
cblr-8629	529	20	%	%	NOUN
cblr-8629	529	21	with	with	ADP
cblr-8629	529	22	a	a	DET
cblr-8629	529	23	standard	standard	ADJ
cblr-8629	529	24	deviation	deviation	NOUN
cblr-8629	529	25	of	of	ADP
cblr-8629	529	26	13.10	13.10	NUM
cblr-8629	529	27	%	%	NOUN
cblr-8629	529	28	,	,	PUNCT
cblr-8629	529	29	while	while	SCONJ
cblr-8629	529	30	the	the	DET
cblr-8629	529	31	dual	dual	ADJ
cblr-8629	529	32	index	index	NOUN
cblr-8629	529	33	earned	earn	VERB
cblr-8629	529	34	an	an	DET
cblr-8629	529	35	annual	annual	ADJ
cblr-8629	529	36	return	return	NOUN
cblr-8629	529	37	of	of	ADP
cblr-8629	529	38	19.23	19.23	NUM
cblr-8629	529	39	%	%	NOUN
cblr-8629	529	40	with	with	ADP
cblr-8629	529	41	a	a	DET
cblr-8629	529	42	standard	standard	ADJ
cblr-8629	529	43	deviation	deviation	NOUN
cblr-8629	529	44	of	of	ADP
cblr-8629	529	45	14.39	14.39	NUM
cblr-8629	529	46	%	%	NOUN
cblr-8629	529	47	.	.	PUNCT
cblr-8629	530	1	figure	figure	NOUN
cblr-8629	530	2	2	2	NUM
cblr-8629	530	3	also	also	ADV
cblr-8629	530	4	shows	show	VERB
cblr-8629	530	5	that	that	SCONJ
cblr-8629	530	6	a	a	DET
cblr-8629	530	7	one	one	NUM
cblr-8629	530	8	-	-	PUNCT
cblr-8629	530	9	dollar	dollar	NOUN
cblr-8629	530	10	investment	investment	NOUN
cblr-8629	530	11	in	in	ADP
cblr-8629	530	12	the	the	DET
cblr-8629	530	13	mimic	mimic	ADJ
cblr-8629	530	14	index	index	NOUN
cblr-8629	530	15	would	would	AUX
cblr-8629	530	16	have	have	AUX
cblr-8629	530	17	grown	grow	VERB
cblr-8629	530	18	to	to	ADP
cblr-8629	530	19	$	$	SYM
cblr-8629	530	20	4.81	4.81	NUM
cblr-8629	530	21	between	between	ADP
cblr-8629	530	22	june	june	PROPN
cblr-8629	530	23	2009	2009	NUM
cblr-8629	530	24	and	and	CCONJ
cblr-8629	530	25	december	december	PROPN
cblr-8629	530	26	2019	2019	NUM
cblr-8629	530	27	.	.	PUNCT
cblr-8629	531	1	over	over	ADP
cblr-8629	531	2	the	the	DET
cblr-8629	531	3	same	same	ADJ
cblr-8629	531	4	time	time	NOUN
cblr-8629	531	5	,	,	PUNCT
cblr-8629	531	6	a	a	DET
cblr-8629	531	7	one	one	NUM
cblr-8629	531	8	-	-	PUNCT
cblr-8629	531	9	dollar	dollar	NOUN
cblr-8629	531	10	investment	investment	NOUN
cblr-8629	531	11	in	in	ADP
cblr-8629	531	12	the	the	DET
cblr-8629	531	13	dual	dual	ADJ
cblr-8629	531	14	index	index	NOUN
cblr-8629	531	15	would	would	AUX
cblr-8629	531	16	have	have	AUX
cblr-8629	531	17	grown	grow	VERB
cblr-8629	531	18	to	to	ADP
cblr-8629	531	19	$	$	SYM
cblr-8629	531	20	6.68	6.68	NUM
cblr-8629	531	21	.	.	PUNCT
cblr-8629	532	1	while	while	SCONJ
cblr-8629	532	2	the	the	DET
cblr-8629	532	3	mimic	mimic	ADJ
cblr-8629	532	4	index	index	NOUN
cblr-8629	532	5	outperforms	outperform	VERB
cblr-8629	532	6	the	the	DET
cblr-8629	532	7	market	market	NOUN
cblr-8629	532	8	index	index	NOUN
cblr-8629	532	9	over	over	ADP
cblr-8629	532	10	the	the	DET
cblr-8629	532	11	back	back	NOUN
cblr-8629	532	12	-	-	PUNCT
cblr-8629	532	13	testing	testing	NOUN
cblr-8629	532	14	period	period	NOUN
cblr-8629	532	15	,	,	PUNCT
cblr-8629	532	16	it	it	PRON
cblr-8629	532	17	does	do	AUX
cblr-8629	532	18	not	not	PART
cblr-8629	532	19	fully	fully	ADV
cblr-8629	532	20	account	account	VERB
cblr-8629	532	21	for	for	ADP
cblr-8629	532	22	the	the	DET
cblr-8629	532	23	outperformance	outperformance	NOUN
cblr-8629	532	24	of	of	ADP
cblr-8629	532	25	the	the	DET
cblr-8629	532	26	dual	dual	ADJ
cblr-8629	532	27	index	index	NOUN
cblr-8629	532	28	.	.	PUNCT
cblr-8629	533	1	stated	state	VERB
cblr-8629	533	2	otherwise	otherwise	ADV
cblr-8629	533	3	,	,	PUNCT
cblr-8629	533	4	the	the	DET
cblr-8629	533	5	performance	performance	NOUN
cblr-8629	533	6	of	of	ADP
cblr-8629	533	7	the	the	DET
cblr-8629	533	8	dual	dual	ADJ
cblr-8629	533	9	index	index	NOUN
cblr-8629	533	10	does	do	AUX
cblr-8629	533	11	not	not	PART
cblr-8629	533	12	simply	simply	ADV
cblr-8629	533	13	capture	capture	VERB
cblr-8629	533	14	the	the	DET
cblr-8629	533	15	sectoral	sectoral	ADJ
cblr-8629	533	16	performance	performance	NOUN
cblr-8629	533	17	of	of	ADP
cblr-8629	533	18	dual	dual	ADJ
cblr-8629	533	19	class	class	NOUN
cblr-8629	533	20	constituents	constituent	NOUN
cblr-8629	533	21	.	.	PUNCT
cblr-8629	534	1	one	one	NUM
cblr-8629	534	2	implication	implication	NOUN
cblr-8629	534	3	is	be	AUX
cblr-8629	534	4	that	that	SCONJ
cblr-8629	534	5	there	there	PRON
cblr-8629	534	6	is	be	VERB
cblr-8629	534	7	a	a	DET
cblr-8629	534	8	firm	firm	ADJ
cblr-8629	534	9	-	-	PUNCT
cblr-8629	534	10	specific	specific	ADJ
cblr-8629	534	11	component	component	NOUN
cblr-8629	534	12	to	to	ADP
cblr-8629	534	13	the	the	DET
cblr-8629	534	14	dual	dual	ADJ
cblr-8629	534	15	class	class	NOUN
cblr-8629	534	16	share	share	NOUN
cblr-8629	534	17	structure	structure	NOUN
cblr-8629	534	18	choice	choice	NOUN
cblr-8629	534	19	that	that	PRON
cblr-8629	534	20	goes	go	VERB
cblr-8629	534	21	beyond	beyond	ADP
cblr-8629	534	22	sectoral	sectoral	ADJ
cblr-8629	534	23	variation	variation	NOUN
cblr-8629	534	24	.	.	PUNCT
cblr-8629	535	1	figure	figure	NOUN
cblr-8629	535	2	2	2	NUM
cblr-8629	535	3	plots	plot	NOUN
cblr-8629	535	4	the	the	DET
cblr-8629	535	5	cumulative	cumulative	ADJ
cblr-8629	535	6	growth	growth	NOUN
cblr-8629	535	7	of	of	ADP
cblr-8629	535	8	a	a	DET
cblr-8629	535	9	one	one	NUM
cblr-8629	535	10	-	-	PUNCT
cblr-8629	535	11	dollar	dollar	NOUN
cblr-8629	535	12	investment	investment	NOUN
cblr-8629	535	13	in	in	ADP
cblr-8629	535	14	the	the	DET
cblr-8629	535	15	dual	dual	ADJ
cblr-8629	535	16	index	index	NOUN
cblr-8629	535	17	(	(	PUNCT
cblr-8629	535	18	green	green	ADJ
cblr-8629	535	19	line	line	NOUN
cblr-8629	535	20	)	)	PUNCT
cblr-8629	535	21	relative	relative	ADJ
cblr-8629	535	22	to	to	ADP
cblr-8629	535	23	the	the	DET
cblr-8629	535	24	cumulative	cumulative	ADJ
cblr-8629	535	25	growth	growth	NOUN
cblr-8629	535	26	of	of	ADP
cblr-8629	535	27	a	a	DET
cblr-8629	535	28	one	one	NUM
cblr-8629	535	29	-	-	PUNCT
cblr-8629	535	30	dollar	dollar	NOUN
cblr-8629	535	31	investment	investment	NOUN
cblr-8629	535	32	in	in	ADP
cblr-8629	535	33	the	the	DET
cblr-8629	535	34	market	market	NOUN
cblr-8629	535	35	index	index	NOUN
cblr-8629	535	36	(	(	PUNCT
cblr-8629	535	37	blue	blue	ADJ
cblr-8629	535	38	line	line	NOUN
cblr-8629	535	39	)	)	PUNCT
cblr-8629	535	40	.	.	PUNCT
cblr-8629	536	1	the	the	DET
cblr-8629	536	2	evidence	evidence	NOUN
cblr-8629	536	3	shows	show	VERB
cblr-8629	536	4	that	that	SCONJ
cblr-8629	536	5	a	a	DET
cblr-8629	536	6	one	one	NUM
cblr-8629	536	7	-	-	PUNCT
cblr-8629	536	8	dollar	dollar	NOUN
cblr-8629	536	9	investment	investment	NOUN
cblr-8629	536	10	in	in	ADP
cblr-8629	536	11	the	the	DET
cblr-8629	536	12	dual	dual	ADJ
cblr-8629	536	13	index	index	NOUN
cblr-8629	536	14	would	would	AUX
cblr-8629	536	15	have	have	AUX
cblr-8629	536	16	grown	grow	VERB
cblr-8629	536	17	to	to	ADP
cblr-8629	536	18	$	$	SYM
cblr-8629	536	19	6.68	6.68	NUM
cblr-8629	536	20	between	between	ADP
cblr-8629	536	21	june	june	PROPN
cblr-8629	536	22	2009	2009	NUM
cblr-8629	536	23	and	and	CCONJ
cblr-8629	536	24	december	december	PROPN
cblr-8629	536	25	2019	2019	NUM
cblr-8629	536	26	.	.	PUNCT
cblr-8629	537	1	over	over	ADP
cblr-8629	537	2	the	the	DET
cblr-8629	537	3	same	same	ADJ
cblr-8629	537	4	time	time	NOUN
cblr-8629	537	5	,	,	PUNCT
cblr-8629	537	6	a	a	DET
cblr-8629	537	7	one	one	NUM
cblr-8629	537	8	-	-	PUNCT
cblr-8629	537	9	dollar	dollar	NOUN
cblr-8629	537	10	investment	investment	NOUN
cblr-8629	537	11	in	in	ADP
cblr-8629	537	12	the	the	DET
cblr-8629	537	13	market	market	NOUN
cblr-8629	537	14	index	index	NOUN
cblr-8629	537	15	would	would	AUX
cblr-8629	537	16	have	have	AUX
cblr-8629	537	17	grown	grow	VERB
cblr-8629	537	18	to	to	ADP
cblr-8629	537	19	$	$	SYM
cblr-8629	537	20	4.38	4.38	NUM
cblr-8629	537	21	.	.	PUNCT
cblr-8629	538	1	figure	figure	NOUN
cblr-8629	538	2	2	2	NUM
cblr-8629	538	3	also	also	ADV
cblr-8629	538	4	shows	show	VERB
cblr-8629	538	5	that	that	SCONJ
cblr-8629	538	6	the	the	DET
cblr-8629	538	7	outperformance	outperformance	NOUN
cblr-8629	538	8	of	of	ADP
cblr-8629	538	9	the	the	DET
cblr-8629	538	10	dual	dual	ADJ
cblr-8629	538	11	index	index	NOUN
cblr-8629	538	12	is	be	AUX
cblr-8629	538	13	especially	especially	ADV
cblr-8629	538	14	pronounced	pronounce	VERB
cblr-8629	538	15	in	in	ADP
cblr-8629	538	16	the	the	DET
cblr-8629	538	17	second	second	ADJ
cblr-8629	538	18	half	half	NOUN
cblr-8629	538	19	130	130	NUM
cblr-8629	538	20	see	see	VERB
cblr-8629	538	21	fisch	fisch	PROPN
cblr-8629	538	22	&	&	CCONJ
cblr-8629	538	23	solomon	solomon	PROPN
cblr-8629	538	24	,	,	PUNCT
cblr-8629	538	25	supra	supra	PROPN
cblr-8629	538	26	note	note	PROPN
cblr-8629	538	27	38	38	NUM
cblr-8629	538	28	,	,	PUNCT
cblr-8629	538	29	at	at	ADP
cblr-8629	538	30	1076	1076	NUM
cblr-8629	538	31	.	.	PUNCT
cblr-8629	539	1	131	131	NUM
cblr-8629	539	2	see	see	VERB
cblr-8629	539	3	supra	supra	PROPN
cblr-8629	539	4	section	section	PROPN
cblr-8629	539	5	iv.b	iv.b	VERB
cblr-8629	539	6	tbl.1	tbl.1	ADV
cblr-8629	539	7	.	.	PUNCT
cblr-8629	540	1	ahn	ahn	PROPN
cblr-8629	540	2	et	et	PROPN
cblr-8629	540	3	al	al	PROPN
cblr-8629	540	4	.	.	PROPN
cblr-8629	541	1	8/20/2021	8/20/2021	NUM
cblr-8629	541	2	6:14	6:14	NUM
cblr-8629	541	3	pm	pm	NOUN
cblr-8629	541	4	no	no	NOUN
cblr-8629	541	5	.	.	PUNCT
cblr-8629	542	1	2:476	2:476	NUM
cblr-8629	542	2	]	]	X
cblr-8629	542	3	synthetic	synthetic	ADJ
cblr-8629	542	4	governance	governance	NOUN
cblr-8629	542	5	513	513	NUM
cblr-8629	542	6	of	of	ADP
cblr-8629	542	7	our	our	PRON
cblr-8629	542	8	back	back	ADJ
cblr-8629	542	9	-	-	PUNCT
cblr-8629	542	10	testing	testing	NOUN
cblr-8629	542	11	period	period	NOUN
cblr-8629	542	12	,	,	PUNCT
cblr-8629	542	13	which	which	PRON
cblr-8629	542	14	is	be	AUX
cblr-8629	542	15	consistent	consistent	ADJ
cblr-8629	542	16	with	with	ADP
cblr-8629	542	17	the	the	DET
cblr-8629	542	18	rise	rise	NOUN
cblr-8629	542	19	in	in	ADP
cblr-8629	542	20	prominence	prominence	NOUN
cblr-8629	542	21	of	of	ADP
cblr-8629	542	22	dual	dual	ADJ
cblr-8629	542	23	class	class	NOUN
cblr-8629	542	24	companies	company	NOUN
cblr-8629	542	25	.	.	PUNCT
cblr-8629	543	1	figure	figure	NOUN
cblr-8629	543	2	2	2	NUM
cblr-8629	543	3	we	we	PRON
cblr-8629	543	4	note	note	VERB
cblr-8629	543	5	that	that	SCONJ
cblr-8629	543	6	the	the	DET
cblr-8629	543	7	spread	spread	NOUN
cblr-8629	543	8	in	in	ADP
cblr-8629	543	9	the	the	DET
cblr-8629	543	10	realized	realize	VERB
cblr-8629	543	11	performance	performance	NOUN
cblr-8629	543	12	of	of	ADP
cblr-8629	543	13	the	the	DET
cblr-8629	543	14	dual	dual	ADJ
cblr-8629	543	15	index	index	NOUN
cblr-8629	543	16	relative	relative	ADJ
cblr-8629	543	17	to	to	ADP
cblr-8629	543	18	the	the	DET
cblr-8629	543	19	overall	overall	ADJ
cblr-8629	543	20	market	market	NOUN
cblr-8629	543	21	portfolio	portfolio	NOUN
cblr-8629	543	22	may	may	AUX
cblr-8629	543	23	understate	understate	VERB
cblr-8629	543	24	the	the	DET
cblr-8629	543	25	outperformance	outperformance	NOUN
cblr-8629	543	26	of	of	ADP
cblr-8629	543	27	dual	dual	ADJ
cblr-8629	543	28	class	class	NOUN
cblr-8629	543	29	companies	company	NOUN
cblr-8629	543	30	.	.	PUNCT
cblr-8629	544	1	this	this	PRON
cblr-8629	544	2	is	be	AUX
cblr-8629	544	3	because	because	SCONJ
cblr-8629	544	4	the	the	DET
cblr-8629	544	5	overall	overall	ADJ
cblr-8629	544	6	market	market	NOUN
cblr-8629	544	7	index	index	NOUN
cblr-8629	544	8	performance	performance	NOUN
cblr-8629	544	9	,	,	PUNCT
cblr-8629	544	10	especially	especially	ADV
cblr-8629	544	11	over	over	ADP
cblr-8629	544	12	the	the	DET
cblr-8629	544	13	last	last	ADJ
cblr-8629	544	14	decade	decade	NOUN
cblr-8629	544	15	,	,	PUNCT
cblr-8629	544	16	is	be	AUX
cblr-8629	544	17	partially	partially	ADV
cblr-8629	544	18	attributable	attributable	ADJ
cblr-8629	544	19	to	to	ADP
cblr-8629	544	20	the	the	DET
cblr-8629	544	21	rise	rise	NOUN
cblr-8629	544	22	of	of	ADP
cblr-8629	544	23	dual	dual	ADJ
cblr-8629	544	24	class	class	NOUN
cblr-8629	544	25	companies	company	NOUN
cblr-8629	544	26	.	.	PUNCT
cblr-8629	545	1	going	go	VERB
cblr-8629	545	2	forward	forward	ADV
cblr-8629	545	3	,	,	PUNCT
cblr-8629	545	4	major	major	ADJ
cblr-8629	545	5	indexes	index	NOUN
cblr-8629	545	6	will	will	AUX
cblr-8629	545	7	either	either	CCONJ
cblr-8629	545	8	exclude	exclude	VERB
cblr-8629	545	9	or	or	CCONJ
cblr-8629	545	10	underweight	underweight	NOUN
cblr-8629	545	11	dual	dual	ADJ
cblr-8629	545	12	class	class	NOUN
cblr-8629	545	13	companies	company	NOUN
cblr-8629	545	14	.	.	PUNCT
cblr-8629	546	1	as	as	ADP
cblr-8629	546	2	a	a	DET
cblr-8629	546	3	result	result	NOUN
cblr-8629	546	4	,	,	PUNCT
cblr-8629	546	5	index	index	NOUN
cblr-8629	546	6	investors	investor	NOUN
cblr-8629	546	7	will	will	AUX
cblr-8629	546	8	no	no	ADV
cblr-8629	546	9	longer	long	ADV
cblr-8629	546	10	be	be	AUX
cblr-8629	546	11	able	able	ADJ
cblr-8629	546	12	to	to	PART
cblr-8629	546	13	access	access	VERB
cblr-8629	546	14	the	the	DET
cblr-8629	546	15	growth	growth	NOUN
cblr-8629	546	16	of	of	ADP
cblr-8629	546	17	these	these	DET
cblr-8629	546	18	companies	company	NOUN
cblr-8629	546	19	through	through	ADP
cblr-8629	546	20	their	their	PRON
cblr-8629	546	21	index	index	NOUN
cblr-8629	546	22	holdings	holding	NOUN
cblr-8629	546	23	.	.	PUNCT
cblr-8629	547	1	indeed	indeed	ADV
cblr-8629	547	2	,	,	PUNCT
cblr-8629	547	3	over	over	ADP
cblr-8629	547	4	the	the	DET
cblr-8629	547	5	back	back	NOUN
cblr-8629	547	6	-	-	PUNCT
cblr-8629	547	7	testing	testing	NOUN
cblr-8629	547	8	period	period	NOUN
cblr-8629	547	9	a	a	DET
cblr-8629	547	10	one	one	NUM
cblr-8629	547	11	-	-	PUNCT
cblr-8629	547	12	dollar	dollar	NOUN
cblr-8629	547	13	investment	investment	NOUN
cblr-8629	547	14	in	in	ADP
cblr-8629	547	15	the	the	DET
cblr-8629	547	16	market	market	NOUN
cblr-8629	547	17	index	index	NOUN
cblr-8629	547	18	excluding	exclude	VERB
cblr-8629	547	19	dual	dual	ADJ
cblr-8629	547	20	index	index	NOUN
cblr-8629	547	21	stocks	stock	NOUN
cblr-8629	547	22	would	would	AUX
cblr-8629	547	23	have	have	AUX
cblr-8629	547	24	grown	grow	VERB
cblr-8629	547	25	to	to	ADP
cblr-8629	547	26	$	$	SYM
cblr-8629	547	27	4.26	4.26	NUM
cblr-8629	547	28	,	,	PUNCT
cblr-8629	547	29	which	which	PRON
cblr-8629	547	30	is	be	AUX
cblr-8629	547	31	slightly	slightly	ADV
cblr-8629	547	32	below	below	ADP
cblr-8629	547	33	the	the	DET
cblr-8629	547	34	performance	performance	NOUN
cblr-8629	547	35	of	of	ADP
cblr-8629	547	36	the	the	DET
cblr-8629	547	37	market	market	NOUN
cblr-8629	547	38	index	index	NOUN
cblr-8629	547	39	including	include	VERB
cblr-8629	547	40	dual	dual	ADJ
cblr-8629	547	41	index	index	NOUN
cblr-8629	547	42	stocks	stock	NOUN
cblr-8629	547	43	.	.	PUNCT
cblr-8629	548	1	d.	d.	PROPN
cblr-8629	548	2	the	the	DET
cblr-8629	548	3	effect	effect	NOUN
cblr-8629	548	4	of	of	ADP
cblr-8629	548	5	sunset	sunset	NOUN
cblr-8629	548	6	lengths	length	NOUN
cblr-8629	548	7	the	the	DET
cblr-8629	548	8	dual	dual	ADJ
cblr-8629	548	9	index	index	NOUN
cblr-8629	548	10	does	do	AUX
cblr-8629	548	11	not	not	PART
cblr-8629	548	12	merely	merely	ADV
cblr-8629	548	13	enable	enable	VERB
cblr-8629	548	14	us	we	PRON
cblr-8629	548	15	to	to	PART
cblr-8629	548	16	capture	capture	VERB
cblr-8629	548	17	the	the	DET
cblr-8629	548	18	effect	effect	NOUN
cblr-8629	548	19	of	of	ADP
cblr-8629	548	20	an	an	DET
cblr-8629	548	21	investment	investment	NOUN
cblr-8629	548	22	strategy	strategy	NOUN
cblr-8629	548	23	based	base	VERB
cblr-8629	548	24	on	on	ADP
cblr-8629	548	25	whether	whether	SCONJ
cblr-8629	548	26	a	a	DET
cblr-8629	548	27	firm	firm	NOUN
cblr-8629	548	28	utilizes	utilize	VERB
cblr-8629	548	29	a	a	DET
cblr-8629	548	30	dual	dual	ADJ
cblr-8629	548	31	class	class	NOUN
cblr-8629	548	32	voting	voting	NOUN
cblr-8629	548	33	structure	structure	NOUN
cblr-8629	548	34	;	;	PUNCT
cblr-8629	548	35	it	it	PRON
cblr-8629	548	36	allows	allow	VERB
cblr-8629	548	37	us	we	PRON
cblr-8629	548	38	to	to	PART
cblr-8629	548	39	go	go	VERB
cblr-8629	548	40	further	far	ADV
cblr-8629	548	41	$	$	SYM
cblr-8629	548	42	0.00	0.00	NUM
cblr-8629	548	43	$	$	SYM
cblr-8629	548	44	1.00	1.00	NUM
cblr-8629	548	45	$	$	SYM
cblr-8629	548	46	2.00	2.00	NUM
cblr-8629	548	47	$	$	SYM
cblr-8629	548	48	3.00	3.00	NUM
cblr-8629	548	49	$	$	SYM
cblr-8629	548	50	4.00	4.00	NUM
cblr-8629	548	51	$	$	SYM
cblr-8629	548	52	5.00	5.00	NUM
cblr-8629	548	53	$	$	SYM
cblr-8629	548	54	6.00	6.00	NUM
cblr-8629	548	55	$	$	SYM
cblr-8629	548	56	7.00	7.00	NUM
cblr-8629	548	57	ju	ju	NOUN
cblr-8629	548	58	n	n	PROPN
cblr-8629	548	59	-0	-0	PROPN
cblr-8629	548	60	9	9	NUM
cblr-8629	548	61	d	d	PROPN
cblr-8629	548	62	ec	ec	PROPN
cblr-8629	548	63	-0	-0	PROPN
cblr-8629	548	64	9	9	NUM
cblr-8629	548	65	ju	ju	PROPN
cblr-8629	548	66	n	n	PROPN
cblr-8629	548	67	-1	-1	NOUN
cblr-8629	548	68	0	0	PUNCT
cblr-8629	549	1	d	d	X
cblr-8629	549	2	ec	ec	PROPN
cblr-8629	549	3	-1	-1	PROPN
cblr-8629	549	4	0	0	NUM
cblr-8629	550	1	ju	ju	PROPN
cblr-8629	550	2	n	n	PROPN
cblr-8629	550	3	-1	-1	ADP
cblr-8629	550	4	1	1	NUM
cblr-8629	550	5	d	d	SYM
cblr-8629	550	6	ec	ec	PROPN
cblr-8629	550	7	-1	-1	ADP
cblr-8629	550	8	1	1	NUM
cblr-8629	550	9	ju	ju	PROPN
cblr-8629	550	10	n	n	PROPN
cblr-8629	550	11	-1	-1	ADP
cblr-8629	550	12	2	2	NUM
cblr-8629	550	13	d	d	SYM
cblr-8629	550	14	ec	ec	PROPN
cblr-8629	550	15	-1	-1	ADP
cblr-8629	550	16	2	2	NUM
cblr-8629	550	17	ju	ju	PROPN
cblr-8629	550	18	n	n	PROPN
cblr-8629	550	19	-1	-1	ADP
cblr-8629	550	20	3	3	X
cblr-8629	550	21	d	d	SYM
cblr-8629	550	22	ec	ec	PROPN
cblr-8629	550	23	-1	-1	ADP
cblr-8629	550	24	3	3	NUM
cblr-8629	550	25	ju	ju	PROPN
cblr-8629	550	26	n	n	PROPN
cblr-8629	550	27	-1	-1	ADP
cblr-8629	550	28	4	4	NUM
cblr-8629	550	29	d	d	NOUN
cblr-8629	550	30	ec	ec	PROPN
cblr-8629	550	31	-1	-1	ADP
cblr-8629	550	32	4	4	NUM
cblr-8629	550	33	ju	ju	PROPN
cblr-8629	550	34	n	n	PROPN
cblr-8629	550	35	-1	-1	ADP
cblr-8629	550	36	5	5	NUM
cblr-8629	550	37	d	d	SYM
cblr-8629	550	38	ec	ec	PROPN
cblr-8629	550	39	-1	-1	ADP
cblr-8629	550	40	5	5	NUM
cblr-8629	550	41	ju	ju	PROPN
cblr-8629	550	42	n	n	PROPN
cblr-8629	550	43	-1	-1	ADP
cblr-8629	550	44	6	6	NUM
cblr-8629	550	45	d	d	SYM
cblr-8629	550	46	ec	ec	PROPN
cblr-8629	550	47	-1	-1	ADP
cblr-8629	550	48	6	6	NUM
cblr-8629	550	49	ju	ju	NOUN
cblr-8629	550	50	n	n	PROPN
cblr-8629	550	51	-1	-1	NOUN
cblr-8629	550	52	7	7	NUM
cblr-8629	550	53	d	d	SYM
cblr-8629	550	54	ec	ec	PROPN
cblr-8629	550	55	-1	-1	ADP
cblr-8629	550	56	7	7	NUM
cblr-8629	550	57	ju	ju	PROPN
cblr-8629	550	58	n	n	PROPN
cblr-8629	550	59	-1	-1	ADP
cblr-8629	550	60	8	8	NUM
cblr-8629	550	61	d	d	SYM
cblr-8629	550	62	ec	ec	PROPN
cblr-8629	550	63	-1	-1	ADP
cblr-8629	550	64	8	8	NUM
cblr-8629	550	65	ju	ju	PROPN
cblr-8629	550	66	n	n	PROPN
cblr-8629	550	67	-1	-1	ADP
cblr-8629	550	68	9	9	NUM
cblr-8629	550	69	d	d	SYM
cblr-8629	550	70	ec	ec	PROPN
cblr-8629	550	71	-1	-1	PUNCT
cblr-8629	550	72	9	9	NUM
cblr-8629	550	73	cumulative	cumulative	ADJ
cblr-8629	550	74	growth	growth	NOUN
cblr-8629	550	75	of	of	ADP
cblr-8629	550	76	$	$	SYM
cblr-8629	550	77	1	1	NUM
cblr-8629	550	78	investment	investment	NOUN
cblr-8629	550	79	market	market	NOUN
cblr-8629	550	80	index	index	NOUN
cblr-8629	550	81	market	market	NOUN
cblr-8629	550	82	ex	ex	PRON
cblr-8629	550	83	dual	dual	ADJ
cblr-8629	550	84	index	index	NOUN
cblr-8629	550	85	ahn	ahn	PROPN
cblr-8629	550	86	et	et	PROPN
cblr-8629	550	87	al	al	PROPN
cblr-8629	550	88	.	.	PROPN
cblr-8629	551	1	8/20/2021	8/20/2021	NUM
cblr-8629	551	2	6:14	6:14	NUM
cblr-8629	551	3	pm	pm	NOUN
cblr-8629	551	4	514	514	NUM
cblr-8629	551	5	columbia	columbia	PROPN
cblr-8629	551	6	business	business	NOUN
cblr-8629	551	7	law	law	PROPN
cblr-8629	551	8	review	review	NOUN
cblr-8629	551	9	[	[	X
cblr-8629	551	10	vol	vol	NOUN
cblr-8629	551	11	.	.	NOUN
cblr-8629	551	12	2021	2021	NUM
cblr-8629	551	13	and	and	CCONJ
cblr-8629	551	14	test	test	VERB
cblr-8629	551	15	the	the	DET
cblr-8629	551	16	effect	effect	NOUN
cblr-8629	551	17	of	of	ADP
cblr-8629	551	18	a	a	DET
cblr-8629	551	19	time	time	NOUN
cblr-8629	551	20	-	-	PUNCT
cblr-8629	551	21	based	base	VERB
cblr-8629	551	22	sunset	sunset	NOUN
cblr-8629	551	23	.	.	PUNCT
cblr-8629	552	1	we	we	PRON
cblr-8629	552	2	do	do	VERB
cblr-8629	552	3	this	this	PRON
cblr-8629	552	4	by	by	ADP
cblr-8629	552	5	shortening	shorten	VERB
cblr-8629	552	6	the	the	DET
cblr-8629	552	7	length	length	NOUN
cblr-8629	552	8	of	of	ADP
cblr-8629	552	9	time	time	NOUN
cblr-8629	552	10	a	a	DET
cblr-8629	552	11	company	company	NOUN
cblr-8629	552	12	remains	remain	VERB
cblr-8629	552	13	in	in	ADP
cblr-8629	552	14	our	our	PRON
cblr-8629	552	15	index	index	NOUN
cblr-8629	552	16	following	follow	VERB
cblr-8629	552	17	its	its	PRON
cblr-8629	552	18	ipo	ipo	NOUN
cblr-8629	552	19	.	.	PUNCT
cblr-8629	553	1	by	by	ADP
cblr-8629	553	2	excluding	exclude	VERB
cblr-8629	553	3	dual	dual	ADJ
cblr-8629	553	4	class	class	NOUN
cblr-8629	553	5	companies	company	NOUN
cblr-8629	553	6	a	a	DET
cblr-8629	553	7	designated	designate	VERB
cblr-8629	553	8	number	number	NOUN
cblr-8629	553	9	of	of	ADP
cblr-8629	553	10	years	year	NOUN
cblr-8629	553	11	after	after	ADP
cblr-8629	553	12	the	the	DET
cblr-8629	553	13	ipo	ipo	NOUN
cblr-8629	553	14	we	we	PRON
cblr-8629	553	15	are	be	AUX
cblr-8629	553	16	,	,	PUNCT
cblr-8629	553	17	in	in	ADP
cblr-8629	553	18	effect	effect	NOUN
cblr-8629	553	19	,	,	PUNCT
cblr-8629	553	20	creating	create	VERB
cblr-8629	553	21	a	a	DET
cblr-8629	553	22	synthetic	synthetic	ADJ
cblr-8629	553	23	sunset	sunset	NOUN
cblr-8629	553	24	.	.	PUNCT
cblr-8629	554	1	part	part	NOUN
cblr-8629	554	2	of	of	ADP
cblr-8629	554	3	the	the	DET
cblr-8629	554	4	value	value	NOUN
cblr-8629	554	5	of	of	ADP
cblr-8629	554	6	this	this	DET
cblr-8629	554	7	approach	approach	NOUN
cblr-8629	554	8	is	be	AUX
cblr-8629	554	9	that	that	SCONJ
cblr-8629	554	10	it	it	PRON
cblr-8629	554	11	sheds	shed	VERB
cblr-8629	554	12	light	light	NOUN
cblr-8629	554	13	on	on	ADP
cblr-8629	554	14	the	the	DET
cblr-8629	554	15	time	time	NOUN
cblr-8629	554	16	period	period	NOUN
cblr-8629	554	17	that	that	PRON
cblr-8629	554	18	is	be	AUX
cblr-8629	554	19	necessary	necessary	ADJ
cblr-8629	554	20	to	to	PART
cblr-8629	554	21	allow	allow	VERB
cblr-8629	554	22	founders	founder	NOUN
cblr-8629	554	23	to	to	PART
cblr-8629	554	24	fulfill	fulfill	VERB
cblr-8629	554	25	their	their	PRON
cblr-8629	554	26	idiosyncratic	idiosyncratic	ADJ
cblr-8629	554	27	visions	vision	NOUN
cblr-8629	554	28	.	.	PUNCT
cblr-8629	555	1	to	to	PART
cblr-8629	555	2	explore	explore	VERB
cblr-8629	555	3	this	this	DET
cblr-8629	555	4	question	question	NOUN
cblr-8629	555	5	,	,	PUNCT
cblr-8629	555	6	we	we	PRON
cblr-8629	555	7	test	test	VERB
cblr-8629	555	8	the	the	DET
cblr-8629	555	9	performance	performance	NOUN
cblr-8629	555	10	of	of	ADP
cblr-8629	555	11	the	the	DET
cblr-8629	555	12	dual	dual	ADJ
cblr-8629	555	13	index	index	NOUN
cblr-8629	555	14	using	use	VERB
cblr-8629	555	15	alternative	alternative	ADJ
cblr-8629	555	16	sunset	sunset	NOUN
cblr-8629	555	17	provisions	provision	NOUN
cblr-8629	555	18	ranging	range	VERB
cblr-8629	555	19	from	from	ADP
cblr-8629	555	20	five	five	NUM
cblr-8629	555	21	to	to	PART
cblr-8629	555	22	twenty	twenty	NUM
cblr-8629	555	23	years	year	NOUN
cblr-8629	555	24	.	.	PUNCT
cblr-8629	556	1	table	table	NOUN
cblr-8629	556	2	4	4	NUM
cblr-8629	556	3	reports	report	VERB
cblr-8629	556	4	the	the	DET
cblr-8629	556	5	back	back	NOUN
cblr-8629	556	6	-	-	PUNCT
cblr-8629	556	7	testing	testing	NOUN
cblr-8629	556	8	results	result	NOUN
cblr-8629	556	9	and	and	CCONJ
cblr-8629	556	10	reveals	reveal	VERB
cblr-8629	556	11	that	that	SCONJ
cblr-8629	556	12	the	the	DET
cblr-8629	556	13	performance	performance	NOUN
cblr-8629	556	14	of	of	ADP
cblr-8629	556	15	the	the	DET
cblr-8629	556	16	dual	dual	ADJ
cblr-8629	556	17	index	index	NOUN
cblr-8629	556	18	is	be	AUX
cblr-8629	556	19	higher	high	ADJ
cblr-8629	556	20	for	for	ADP
cblr-8629	556	21	shorter	short	ADJ
cblr-8629	556	22	sunset	sunset	NOUN
cblr-8629	556	23	windows	window	NOUN
cblr-8629	556	24	but	but	CCONJ
cblr-8629	556	25	at	at	ADP
cblr-8629	556	26	the	the	DET
cblr-8629	556	27	expense	expense	NOUN
cblr-8629	556	28	of	of	ADP
cblr-8629	556	29	higher	high	ADJ
cblr-8629	556	30	return	return	NOUN
cblr-8629	556	31	volatilities	volatility	NOUN
cblr-8629	556	32	and	and	CCONJ
cblr-8629	556	33	portfolio	portfolio	NOUN
cblr-8629	556	34	turnover	turnover	NOUN
cblr-8629	556	35	.	.	PUNCT
cblr-8629	557	1	indeed	indeed	ADV
cblr-8629	557	2	,	,	PUNCT
cblr-8629	557	3	the	the	DET
cblr-8629	557	4	sharpe	sharpe	PROPN
cblr-8629	557	5	ratio	ratio	NOUN
cblr-8629	557	6	,	,	PUNCT
cblr-8629	557	7	that	that	ADV
cblr-8629	557	8	is	is	ADV
cblr-8629	557	9	,	,	PUNCT
cblr-8629	557	10	the	the	DET
cblr-8629	557	11	ratio	ratio	NOUN
cblr-8629	557	12	of	of	ADP
cblr-8629	557	13	average	average	ADJ
cblr-8629	557	14	excess	excess	ADJ
cblr-8629	557	15	returns	return	NOUN
cblr-8629	557	16	divided	divide	VERB
cblr-8629	557	17	by	by	ADP
cblr-8629	557	18	the	the	DET
cblr-8629	557	19	standard	standard	ADJ
cblr-8629	557	20	deviation	deviation	NOUN
cblr-8629	557	21	of	of	ADP
cblr-8629	557	22	the	the	DET
cblr-8629	557	23	excess	excess	ADJ
cblr-8629	557	24	return	return	NOUN
cblr-8629	557	25	on	on	ADP
cblr-8629	557	26	each	each	DET
cblr-8629	557	27	bespoke	bespoke	NOUN
cblr-8629	557	28	portfolio	portfolio	NOUN
cblr-8629	557	29	,	,	PUNCT
cblr-8629	557	30	is	be	AUX
cblr-8629	557	31	relatively	relatively	ADV
cblr-8629	557	32	flat	flat	ADJ
cblr-8629	557	33	across	across	ADP
cblr-8629	557	34	the	the	DET
cblr-8629	557	35	different	different	ADJ
cblr-8629	557	36	sunset	sunset	NOUN
cblr-8629	557	37	windows	window	NOUN
cblr-8629	557	38	.	.	PUNCT
cblr-8629	558	1	it	it	PRON
cblr-8629	558	2	follows	follow	VERB
cblr-8629	558	3	that	that	SCONJ
cblr-8629	558	4	per	per	ADP
cblr-8629	558	5	unit	unit	NOUN
cblr-8629	558	6	of	of	ADP
cblr-8629	558	7	volatility	volatility	NOUN
cblr-8629	558	8	the	the	DET
cblr-8629	558	9	performance	performance	NOUN
cblr-8629	558	10	of	of	ADP
cblr-8629	558	11	the	the	DET
cblr-8629	558	12	dual	dual	ADJ
cblr-8629	558	13	index	index	NOUN
cblr-8629	558	14	is	be	AUX
cblr-8629	558	15	similar	similar	ADJ
cblr-8629	558	16	regardless	regardless	ADV
cblr-8629	558	17	of	of	ADP
cblr-8629	558	18	the	the	DET
cblr-8629	558	19	length	length	NOUN
cblr-8629	558	20	of	of	ADP
cblr-8629	558	21	the	the	DET
cblr-8629	558	22	synthetic	synthetic	ADJ
cblr-8629	558	23	sunset	sunset	NOUN
cblr-8629	558	24	.	.	PUNCT
cblr-8629	559	1	table	table	NOUN
cblr-8629	559	2	4	4	NUM
cblr-8629	559	3	dual	dual	ADJ
cblr-8629	559	4	index	index	NOUN
cblr-8629	559	5	performance	performance	NOUN
cblr-8629	559	6	(	(	PUNCT
cblr-8629	559	7	june	june	PROPN
cblr-8629	559	8	2009	2009	NUM
cblr-8629	559	9	to	to	ADP
cblr-8629	559	10	december	december	PROPN
cblr-8629	559	11	2019	2019	NUM
cblr-8629	559	12	)	)	PUNCT
cblr-8629	559	13	sunset	sunset	NOUN
cblr-8629	559	14	length	length	NOUN
cblr-8629	559	15	:	:	PUNCT
cblr-8629	559	16	20	20	NUM
cblr-8629	559	17	years	year	NOUN
cblr-8629	559	18	15	15	NUM
cblr-8629	559	19	years	year	NOUN
cblr-8629	559	20	10	10	NUM
cblr-8629	559	21	years	year	NOUN
cblr-8629	559	22	5	5	NUM
cblr-8629	559	23	years	year	NOUN
cblr-8629	559	24	monthly	monthly	ADJ
cblr-8629	559	25	return	return	NOUN
cblr-8629	559	26	1.60	1.60	NUM
cblr-8629	559	27	%	%	NOUN
cblr-8629	559	28	1.71	1.71	NUM
cblr-8629	559	29	%	%	NOUN
cblr-8629	559	30	1.67	1.67	NUM
cblr-8629	559	31	%	%	NOUN
cblr-8629	559	32	2.11	2.11	NUM
cblr-8629	559	33	%	%	NOUN
cblr-8629	559	34	monthly	monthly	ADJ
cblr-8629	559	35	volatility	volatility	NOUN
cblr-8629	559	36	4.15	4.15	NUM
cblr-8629	559	37	%	%	NOUN
cblr-8629	559	38	4.32	4.32	NUM
cblr-8629	559	39	%	%	NOUN
cblr-8629	559	40	4.85	4.85	NUM
cblr-8629	559	41	%	%	NOUN
cblr-8629	559	42	5.35	5.35	NUM
cblr-8629	559	43	%	%	NOUN
cblr-8629	559	44	annual	annual	ADJ
cblr-8629	559	45	return	return	NOUN
cblr-8629	559	46	19.23	19.23	NUM
cblr-8629	559	47	%	%	NOUN
cblr-8629	559	48	20.47	20.47	NUM
cblr-8629	559	49	%	%	NOUN
cblr-8629	559	50	20.01	20.01	NUM
cblr-8629	559	51	%	%	NOUN
cblr-8629	559	52	25.38	25.38	NUM
cblr-8629	559	53	%	%	NOUN
cblr-8629	559	54	annual	annual	ADJ
cblr-8629	559	55	volatility	volatility	NOUN
cblr-8629	559	56	14.39	14.39	NUM
cblr-8629	559	57	%	%	NOUN
cblr-8629	559	58	14.95	14.95	NUM
cblr-8629	559	59	%	%	NOUN
cblr-8629	559	60	16.82	16.82	NUM
cblr-8629	559	61	%	%	NOUN
cblr-8629	559	62	18.54	18.54	NUM
cblr-8629	559	63	%	%	NOUN
cblr-8629	559	64	cum	cum	NOUN
cblr-8629	559	65	.	.	PUNCT
cblr-8629	560	1	growth	growth	NOUN
cblr-8629	560	2	of	of	ADP
cblr-8629	560	3	$	$	SYM
cblr-8629	560	4	1	1	NUM
cblr-8629	560	5	$	$	SYM
cblr-8629	560	6	6.68	6.68	NUM
cblr-8629	560	7	$	$	SYM
cblr-8629	560	8	7.53	7.53	NUM
cblr-8629	560	9	$	$	SYM
cblr-8629	560	10	6.97	6.97	NUM
cblr-8629	560	11	$	$	SYM
cblr-8629	560	12	11.74	11.74	NUM
cblr-8629	560	13	portfolio	portfolio	NOUN
cblr-8629	560	14	turnover	turnover	NOUN
cblr-8629	560	15	5.7	5.7	NUM
cblr-8629	560	16	%	%	NOUN
cblr-8629	560	17	6.6	6.6	NUM
cblr-8629	560	18	%	%	NOUN
cblr-8629	560	19	6.6	6.6	NUM
cblr-8629	560	20	%	%	NOUN
cblr-8629	560	21	12.8	12.8	NUM
cblr-8629	560	22	%	%	NOUN
cblr-8629	560	23	our	our	PRON
cblr-8629	560	24	evidence	evidence	NOUN
cblr-8629	560	25	illustrates	illustrate	VERB
cblr-8629	560	26	the	the	DET
cblr-8629	560	27	range	range	NOUN
cblr-8629	560	28	of	of	ADP
cblr-8629	560	29	possibilities	possibility	NOUN
cblr-8629	560	30	in	in	ADP
cblr-8629	560	31	the	the	DET
cblr-8629	560	32	design	design	NOUN
cblr-8629	560	33	of	of	ADP
cblr-8629	560	34	synthetic	synthetic	ADJ
cblr-8629	560	35	governance	governance	NOUN
cblr-8629	560	36	portfolios	portfolio	NOUN
cblr-8629	560	37	,	,	PUNCT
cblr-8629	560	38	although	although	SCONJ
cblr-8629	560	39	we	we	PRON
cblr-8629	560	40	do	do	AUX
cblr-8629	560	41	not	not	PART
cblr-8629	560	42	firmly	firmly	ADV
cblr-8629	560	43	advocate	advocate	VERB
cblr-8629	560	44	for	for	ADP
cblr-8629	560	45	a	a	DET
cblr-8629	560	46	particular	particular	ADJ
cblr-8629	560	47	sunset	sunset	NOUN
cblr-8629	560	48	window	window	NOUN
cblr-8629	560	49	.	.	PUNCT
cblr-8629	561	1	nonetheless	nonetheless	ADV
cblr-8629	561	2	,	,	PUNCT
cblr-8629	561	3	our	our	PRON
cblr-8629	561	4	findings	finding	NOUN
cblr-8629	561	5	illustrate	illustrate	VERB
cblr-8629	561	6	the	the	DET
cblr-8629	561	7	fact	fact	NOUN
cblr-8629	561	8	that	that	SCONJ
cblr-8629	561	9	early	early	ADJ
cblr-8629	561	10	-	-	PUNCT
cblr-8629	561	11	stage	stage	NOUN
cblr-8629	561	12	dual	dual	ADJ
cblr-8629	561	13	class	class	NOUN
cblr-8629	561	14	companies	company	NOUN
cblr-8629	561	15	appear	appear	VERB
cblr-8629	561	16	to	to	PART
cblr-8629	561	17	generate	generate	VERB
cblr-8629	561	18	higher	high	ADJ
cblr-8629	561	19	returns	return	NOUN
cblr-8629	561	20	for	for	ADP
cblr-8629	561	21	investors	investor	NOUN
cblr-8629	561	22	but	but	CCONJ
cblr-8629	561	23	at	at	ADP
cblr-8629	561	24	the	the	DET
cblr-8629	561	25	cost	cost	NOUN
cblr-8629	561	26	of	of	ADP
cblr-8629	561	27	causing	cause	VERB
cblr-8629	561	28	them	they	PRON
cblr-8629	561	29	to	to	PART
cblr-8629	561	30	bear	bear	VERB
cblr-8629	561	31	additional	additional	ADJ
cblr-8629	561	32	risk	risk	NOUN
cblr-8629	561	33	.	.	PUNCT
cblr-8629	562	1	the	the	DET
cblr-8629	562	2	variation	variation	NOUN
cblr-8629	562	3	in	in	ADP
cblr-8629	562	4	table	table	NOUN
cblr-8629	562	5	4	4	NUM
cblr-8629	562	6	indicates	indicate	VERB
cblr-8629	562	7	the	the	DET
cblr-8629	562	8	potential	potential	ADJ
cblr-8629	562	9	value	value	NOUN
cblr-8629	562	10	of	of	ADP
cblr-8629	562	11	multiple	multiple	ADJ
cblr-8629	562	12	ahn	ahn	PROPN
cblr-8629	562	13	et	et	PROPN
cblr-8629	562	14	al	al	PROPN
cblr-8629	562	15	.	.	PROPN
cblr-8629	562	16	8/20/2021	8/20/2021	NUM
cblr-8629	562	17	6:14	6:14	NUM
cblr-8629	562	18	pm	pm	NOUN
cblr-8629	562	19	no	no	NOUN
cblr-8629	562	20	.	.	PUNCT
cblr-8629	563	1	2:476	2:476	NUM
cblr-8629	563	2	]	]	X
cblr-8629	563	3	synthetic	synthetic	ADJ
cblr-8629	563	4	governance	governance	NOUN
cblr-8629	563	5	515	515	NUM
cblr-8629	563	6	dual	dual	ADJ
cblr-8629	563	7	class	class	NOUN
cblr-8629	563	8	indexes	index	NOUN
cblr-8629	563	9	using	use	VERB
cblr-8629	563	10	a	a	DET
cblr-8629	563	11	variety	variety	NOUN
cblr-8629	563	12	of	of	ADP
cblr-8629	563	13	artificial	artificial	ADJ
cblr-8629	563	14	sunsets	sunset	NOUN
cblr-8629	563	15	which	which	PRON
cblr-8629	563	16	reflect	reflect	VERB
cblr-8629	563	17	the	the	DET
cblr-8629	563	18	risk	risk	NOUN
cblr-8629	563	19	preferences	preference	NOUN
cblr-8629	563	20	of	of	ADP
cblr-8629	563	21	investors	investor	NOUN
cblr-8629	563	22	.	.	PUNCT
cblr-8629	564	1	again	again	ADV
cblr-8629	564	2	,	,	PUNCT
cblr-8629	564	3	we	we	PRON
cblr-8629	564	4	view	view	VERB
cblr-8629	564	5	this	this	PRON
cblr-8629	564	6	as	as	ADP
cblr-8629	564	7	an	an	DET
cblr-8629	564	8	advantage	advantage	NOUN
cblr-8629	564	9	of	of	ADP
cblr-8629	564	10	synthetic	synthetic	ADJ
cblr-8629	564	11	governance	governance	NOUN
cblr-8629	564	12	,	,	PUNCT
cblr-8629	564	13	allowing	allow	VERB
cblr-8629	564	14	investors	investor	NOUN
cblr-8629	564	15	to	to	PART
cblr-8629	564	16	select	select	VERB
cblr-8629	564	17	for	for	ADP
cblr-8629	564	18	their	their	PRON
cblr-8629	564	19	preferred	preferred	ADJ
cblr-8629	564	20	governance	governance	NOUN
cblr-8629	564	21	provisions	provision	NOUN
cblr-8629	564	22	.	.	PUNCT
cblr-8629	565	1	to	to	PART
cblr-8629	565	2	be	be	AUX
cblr-8629	565	3	clear	clear	ADJ
cblr-8629	565	4	,	,	PUNCT
cblr-8629	565	5	our	our	PRON
cblr-8629	565	6	evidence	evidence	NOUN
cblr-8629	565	7	does	do	AUX
cblr-8629	565	8	not	not	PART
cblr-8629	565	9	directly	directly	ADV
cblr-8629	565	10	speak	speak	VERB
cblr-8629	565	11	to	to	ADP
cblr-8629	565	12	the	the	DET
cblr-8629	565	13	value	value	NOUN
cblr-8629	565	14	of	of	ADP
cblr-8629	565	15	the	the	DET
cblr-8629	565	16	alternative	alternative	ADJ
cblr-8629	565	17	sunset	sunset	NOUN
cblr-8629	565	18	lengths	length	NOUN
cblr-8629	565	19	.	.	PUNCT
cblr-8629	566	1	nevertheless	nevertheless	ADV
cblr-8629	566	2	,	,	PUNCT
cblr-8629	566	3	our	our	PRON
cblr-8629	566	4	evidence	evidence	NOUN
cblr-8629	566	5	demonstrates	demonstrate	VERB
cblr-8629	566	6	that	that	SCONJ
cblr-8629	566	7	the	the	DET
cblr-8629	566	8	dual	dual	ADJ
cblr-8629	566	9	class	class	NOUN
cblr-8629	566	10	structure	structure	NOUN
cblr-8629	566	11	may	may	AUX
cblr-8629	566	12	be	be	AUX
cblr-8629	566	13	most	most	ADV
cblr-8629	566	14	valuable	valuable	ADJ
cblr-8629	566	15	in	in	ADP
cblr-8629	566	16	the	the	DET
cblr-8629	566	17	first	first	ADJ
cblr-8629	566	18	few	few	ADJ
cblr-8629	566	19	years	year	NOUN
cblr-8629	566	20	post	post	ADJ
cblr-8629	566	21	-	-	NOUN
cblr-8629	566	22	ipo	ipo	NOUN
cblr-8629	566	23	.	.	PUNCT
cblr-8629	567	1	one	one	NUM
cblr-8629	567	2	significant	significant	ADJ
cblr-8629	567	3	question	question	NOUN
cblr-8629	567	4	about	about	ADP
cblr-8629	567	5	the	the	DET
cblr-8629	567	6	dual	dual	ADJ
cblr-8629	567	7	index	index	NOUN
cblr-8629	567	8	is	be	AUX
cblr-8629	567	9	the	the	DET
cblr-8629	567	10	extent	extent	NOUN
cblr-8629	567	11	to	to	PART
cblr-8629	567	12	which	which	PRON
cblr-8629	567	13	it	it	PRON
cblr-8629	567	14	truly	truly	ADV
cblr-8629	567	15	evaluates	evaluate	VERB
cblr-8629	567	16	the	the	DET
cblr-8629	567	17	economic	economic	ADJ
cblr-8629	567	18	effect	effect	NOUN
cblr-8629	567	19	of	of	ADP
cblr-8629	567	20	a	a	DET
cblr-8629	567	21	dual	dual	ADJ
cblr-8629	567	22	class	class	NOUN
cblr-8629	567	23	structure	structure	NOUN
cblr-8629	567	24	.	.	PUNCT
cblr-8629	568	1	particularly	particularly	ADV
cblr-8629	568	2	as	as	ADP
cblr-8629	568	3	applied	apply	VERB
cblr-8629	568	4	to	to	ADP
cblr-8629	568	5	the	the	DET
cblr-8629	568	6	recently	recently	ADV
cblr-8629	568	7	-	-	PUNCT
cblr-8629	568	8	public	public	ADJ
cblr-8629	568	9	technology	technology	NOUN
cblr-8629	568	10	companies	company	NOUN
cblr-8629	568	11	,	,	PUNCT
cblr-8629	568	12	dual	dual	ADJ
cblr-8629	568	13	class	class	NOUN
cblr-8629	568	14	voting	voting	NOUN
cblr-8629	568	15	structures	structure	NOUN
cblr-8629	568	16	may	may	AUX
cblr-8629	568	17	not	not	PART
cblr-8629	568	18	be	be	AUX
cblr-8629	568	19	the	the	DET
cblr-8629	568	20	cause	cause	NOUN
cblr-8629	568	21	of	of	ADP
cblr-8629	568	22	excess	excess	ADJ
cblr-8629	568	23	returns	return	NOUN
cblr-8629	568	24	but	but	CCONJ
cblr-8629	568	25	instead	instead	ADV
cblr-8629	568	26	the	the	DET
cblr-8629	568	27	consequence	consequence	NOUN
cblr-8629	568	28	.	.	PUNCT
cblr-8629	569	1	that	that	PRON
cblr-8629	569	2	is	be	AUX
cblr-8629	569	3	,	,	PUNCT
cblr-8629	569	4	companies	company	NOUN
cblr-8629	569	5	that	that	SCONJ
cblr-8629	569	6	investors	investor	NOUN
cblr-8629	569	7	expect	expect	VERB
cblr-8629	569	8	to	to	PART
cblr-8629	569	9	outperform	outperform	VERB
cblr-8629	569	10	may	may	AUX
cblr-8629	569	11	,	,	PUNCT
cblr-8629	569	12	at	at	ADP
cblr-8629	569	13	the	the	DET
cblr-8629	569	14	ipo	ipo	NOUN
cblr-8629	569	15	stage	stage	NOUN
cblr-8629	569	16	,	,	PUNCT
cblr-8629	569	17	be	be	AUX
cblr-8629	569	18	able	able	ADJ
cblr-8629	569	19	to	to	PART
cblr-8629	569	20	go	go	VERB
cblr-8629	569	21	public	public	ADJ
cblr-8629	569	22	with	with	ADP
cblr-8629	569	23	governance	governance	NOUN
cblr-8629	569	24	structures	structure	NOUN
cblr-8629	569	25	that	that	SCONJ
cblr-8629	569	26	investors	investor	NOUN
cblr-8629	569	27	would	would	AUX
cblr-8629	569	28	not	not	PART
cblr-8629	569	29	otherwise	otherwise	ADV
cblr-8629	569	30	tolerate	tolerate	VERB
cblr-8629	569	31	.	.	PUNCT
cblr-8629	570	1	the	the	DET
cblr-8629	570	2	fact	fact	NOUN
cblr-8629	570	3	that	that	SCONJ
cblr-8629	570	4	those	those	DET
cblr-8629	570	5	companies	company	NOUN
cblr-8629	570	6	subsequently	subsequently	ADV
cblr-8629	570	7	perform	perform	VERB
cblr-8629	570	8	well	well	ADV
cblr-8629	570	9	does	do	AUX
cblr-8629	570	10	not	not	PART
cblr-8629	570	11	provide	provide	VERB
cblr-8629	570	12	evidence	evidence	NOUN
cblr-8629	570	13	on	on	ADP
cblr-8629	570	14	the	the	DET
cblr-8629	570	15	counterfactual	counterfactual	ADJ
cblr-8629	570	16	question	question	NOUN
cblr-8629	570	17	of	of	ADP
cblr-8629	570	18	whether	whether	SCONJ
cblr-8629	570	19	they	they	PRON
cblr-8629	570	20	would	would	AUX
cblr-8629	570	21	have	have	AUX
cblr-8629	570	22	performed	perform	VERB
cblr-8629	570	23	even	even	ADV
cblr-8629	570	24	better	well	ADV
cblr-8629	570	25	with	with	ADP
cblr-8629	570	26	a	a	DET
cblr-8629	570	27	one	one	NUM
cblr-8629	570	28	share	share	NOUN
cblr-8629	570	29	/	/	SYM
cblr-8629	570	30	one	one	NUM
cblr-8629	570	31	vote	vote	NOUN
cblr-8629	570	32	structure	structure	NOUN
cblr-8629	570	33	.	.	PUNCT
cblr-8629	571	1	at	at	ADP
cblr-8629	571	2	the	the	DET
cblr-8629	571	3	same	same	ADJ
cblr-8629	571	4	time	time	NOUN
cblr-8629	571	5	,	,	PUNCT
cblr-8629	571	6	we	we	PRON
cblr-8629	571	7	note	note	VERB
cblr-8629	571	8	that	that	SCONJ
cblr-8629	571	9	fewer	few	ADJ
cblr-8629	571	10	companies	company	NOUN
cblr-8629	571	11	are	be	AUX
cblr-8629	571	12	choosing	choose	VERB
cblr-8629	571	13	to	to	PART
cblr-8629	571	14	access	access	VERB
cblr-8629	571	15	the	the	DET
cblr-8629	571	16	public	public	ADJ
cblr-8629	571	17	capital	capital	NOUN
cblr-8629	571	18	markets	market	NOUN
cblr-8629	571	19	at	at	ADP
cblr-8629	571	20	all.132	all.132	NOUN
cblr-8629	571	21	the	the	DET
cblr-8629	571	22	availability	availability	NOUN
cblr-8629	571	23	of	of	ADP
cblr-8629	571	24	governance	governance	NOUN
cblr-8629	571	25	provisions	provision	NOUN
cblr-8629	571	26	that	that	PRON
cblr-8629	571	27	increase	increase	VERB
cblr-8629	571	28	founder	founder	NOUN
cblr-8629	571	29	insulation	insulation	NOUN
cblr-8629	571	30	may	may	AUX
cblr-8629	571	31	increase	increase	VERB
cblr-8629	571	32	a	a	DET
cblr-8629	571	33	founder	founder	NOUN
cblr-8629	571	34	’s	’s	PART
cblr-8629	571	35	willingness	willingness	NOUN
cblr-8629	571	36	to	to	PART
cblr-8629	571	37	allow	allow	VERB
cblr-8629	571	38	public	public	ADJ
cblr-8629	571	39	investors	investor	NOUN
cblr-8629	571	40	to	to	PART
cblr-8629	571	41	share	share	VERB
cblr-8629	571	42	in	in	ADP
cblr-8629	571	43	the	the	DET
cblr-8629	571	44	company	company	NOUN
cblr-8629	571	45	’s	’s	PART
cblr-8629	571	46	growth	growth	NOUN
cblr-8629	571	47	.	.	PUNCT
cblr-8629	572	1	if	if	SCONJ
cblr-8629	572	2	governance	governance	NOUN
cblr-8629	572	3	provisions	provision	NOUN
cblr-8629	572	4	that	that	PRON
cblr-8629	572	5	provide	provide	VERB
cblr-8629	572	6	founder	founder	NOUN
cblr-8629	572	7	insulation	insulation	NOUN
cblr-8629	572	8	are	be	AUX
cblr-8629	572	9	necessary	necessary	ADJ
cblr-8629	572	10	to	to	PART
cblr-8629	572	11	induce	induce	VERB
cblr-8629	572	12	unicorns	unicorn	NOUN
cblr-8629	572	13	to	to	PART
cblr-8629	572	14	enter	enter	VERB
cblr-8629	572	15	the	the	DET
cblr-8629	572	16	public	public	ADJ
cblr-8629	572	17	markets	market	NOUN
cblr-8629	572	18	,	,	PUNCT
cblr-8629	572	19	the	the	DET
cblr-8629	572	20	dual	dual	ADJ
cblr-8629	572	21	index	index	NOUN
cblr-8629	572	22	suggests	suggest	VERB
cblr-8629	572	23	that	that	SCONJ
cblr-8629	572	24	public	public	ADJ
cblr-8629	572	25	investors	investor	NOUN
cblr-8629	572	26	are	be	AUX
cblr-8629	572	27	better	well	ADJ
cblr-8629	572	28	off	off	ADP
cblr-8629	572	29	with	with	ADP
cblr-8629	572	30	such	such	ADJ
cblr-8629	572	31	companies	company	NOUN
cblr-8629	572	32	than	than	ADP
cblr-8629	572	33	without	without	ADP
cblr-8629	572	34	them	they	PRON
cblr-8629	572	35	.	.	PUNCT
cblr-8629	573	1	v.	v.	ADP
cblr-8629	573	2	the	the	DET
cblr-8629	573	3	split	split	ADJ
cblr-8629	573	4	index	index	NOUN
cblr-8629	573	5	the	the	DET
cblr-8629	573	6	dual	dual	ADJ
cblr-8629	573	7	index	index	NOUN
cblr-8629	573	8	is	be	AUX
cblr-8629	573	9	but	but	CCONJ
cblr-8629	573	10	one	one	NUM
cblr-8629	573	11	example	example	NOUN
cblr-8629	573	12	of	of	ADP
cblr-8629	573	13	synthetic	synthetic	ADJ
cblr-8629	573	14	governance	governance	NOUN
cblr-8629	573	15	.	.	PUNCT
cblr-8629	574	1	it	it	PRON
cblr-8629	574	2	is	be	AUX
cblr-8629	574	3	possible	possible	ADJ
cblr-8629	574	4	to	to	PART
cblr-8629	574	5	create	create	VERB
cblr-8629	574	6	indexes	index	NOUN
cblr-8629	574	7	based	base	VERB
cblr-8629	574	8	on	on	ADP
cblr-8629	574	9	other	other	ADJ
cblr-8629	574	10	governance	governance	NOUN
cblr-8629	574	11	characteristics	characteristic	NOUN
cblr-8629	574	12	.	.	PUNCT
cblr-8629	575	1	for	for	ADP
cblr-8629	575	2	example	example	NOUN
cblr-8629	575	3	,	,	PUNCT
cblr-8629	575	4	an	an	DET
cblr-8629	575	5	independent	independent	ADJ
cblr-8629	575	6	director	director	NOUN
cblr-8629	575	7	index	index	NOUN
cblr-8629	575	8	could	could	AUX
cblr-8629	575	9	be	be	AUX
cblr-8629	575	10	used	use	VERB
cblr-8629	575	11	to	to	PART
cblr-8629	575	12	invest	invest	VERB
cblr-8629	575	13	only	only	ADV
cblr-8629	575	14	in	in	ADP
cblr-8629	575	15	companies	company	NOUN
cblr-8629	575	16	with	with	ADP
cblr-8629	575	17	132	132	NUM
cblr-8629	575	18	see	see	NOUN
cblr-8629	575	19	jay	jay	PROPN
cblr-8629	575	20	r.	r.	PROPN
cblr-8629	575	21	ritter	ritter	PROPN
cblr-8629	575	22	,	,	PUNCT
cblr-8629	575	23	initial	initial	ADJ
cblr-8629	575	24	public	public	ADJ
cblr-8629	575	25	offerings	offering	NOUN
cblr-8629	575	26	:	:	PUNCT
cblr-8629	575	27	updated	update	VERB
cblr-8629	575	28	statistics	statistic	NOUN
cblr-8629	575	29	3	3	NUM
cblr-8629	575	30	tbl.1	tbl.1	NOUN
cblr-8629	575	31	(	(	PUNCT
cblr-8629	575	32	2021	2021	NUM
cblr-8629	575	33	)	)	PUNCT
cblr-8629	575	34	,	,	PUNCT
cblr-8629	575	35	https://site.warrington.ufl.edu/ritter/files/ipo-statistics.pdf	https://site.warrington.ufl.edu/ritter/files/ipo-statistics.pdf	VERB
cblr-8629	576	1	[	[	X
cblr-8629	576	2	https://perma.cc/vg8b-gnam	https://perma.cc/vg8b-gnam	X
cblr-8629	576	3	]	]	X
cblr-8629	576	4	(	(	PUNCT
cblr-8629	576	5	showing	show	VERB
cblr-8629	576	6	that	that	SCONJ
cblr-8629	576	7	the	the	DET
cblr-8629	576	8	number	number	NOUN
cblr-8629	576	9	of	of	ADP
cblr-8629	576	10	ipos	ipos	NOUN
cblr-8629	576	11	per	per	ADP
cblr-8629	576	12	year	year	NOUN
cblr-8629	576	13	remains	remain	VERB
cblr-8629	576	14	below	below	ADP
cblr-8629	576	15	historical	historical	ADJ
cblr-8629	576	16	highs	high	NOUN
cblr-8629	576	17	)	)	PUNCT
cblr-8629	576	18	.	.	PUNCT
cblr-8629	577	1	ahn	ahn	PROPN
cblr-8629	577	2	et	et	PROPN
cblr-8629	577	3	al	al	PROPN
cblr-8629	577	4	.	.	PROPN
cblr-8629	578	1	8/20/2021	8/20/2021	NUM
cblr-8629	578	2	6:14	6:14	NUM
cblr-8629	578	3	pm	pm	NOUN
cblr-8629	578	4	516	516	NUM
cblr-8629	578	5	columbia	columbia	PROPN
cblr-8629	578	6	business	business	NOUN
cblr-8629	578	7	law	law	NOUN
cblr-8629	578	8	review	review	NOUN
cblr-8629	578	9	[	[	X
cblr-8629	578	10	vol	vol	NOUN
cblr-8629	578	11	.	.	NOUN
cblr-8629	578	12	2021	2021	NUM
cblr-8629	578	13	a	a	DET
cblr-8629	578	14	specified	specified	ADJ
cblr-8629	578	15	proportion	proportion	NOUN
cblr-8629	578	16	of	of	ADP
cblr-8629	578	17	independent	independent	ADJ
cblr-8629	578	18	directors	director	NOUN
cblr-8629	578	19	.	.	PUNCT
cblr-8629	579	1	a	a	DET
cblr-8629	579	2	staggered	stagger	VERB
cblr-8629	579	3	board	board	NOUN
cblr-8629	579	4	index	index	NOUN
cblr-8629	579	5	could	could	AUX
cblr-8629	579	6	be	be	AUX
cblr-8629	579	7	used	use	VERB
cblr-8629	579	8	to	to	PART
cblr-8629	579	9	invest	invest	VERB
cblr-8629	579	10	only	only	ADV
cblr-8629	579	11	in	in	ADP
cblr-8629	579	12	companies	company	NOUN
cblr-8629	579	13	with	with	ADP
cblr-8629	579	14	(	(	PUNCT
cblr-8629	579	15	or	or	CCONJ
cblr-8629	579	16	without	without	ADP
cblr-8629	579	17	)	)	PUNCT
cblr-8629	579	18	a	a	DET
cblr-8629	579	19	staggered	staggered	ADJ
cblr-8629	579	20	board.133	board.133	NOUN
cblr-8629	579	21	to	to	PART
cblr-8629	579	22	illustrate	illustrate	VERB
cblr-8629	579	23	further	far	ADV
cblr-8629	579	24	the	the	DET
cblr-8629	579	25	potential	potential	NOUN
cblr-8629	579	26	of	of	ADP
cblr-8629	579	27	synthetic	synthetic	ADJ
cblr-8629	579	28	governance	governance	NOUN
cblr-8629	579	29	we	we	PRON
cblr-8629	579	30	create	create	VERB
cblr-8629	579	31	a	a	DET
cblr-8629	579	32	split	split	ADJ
cblr-8629	579	33	index	index	NOUN
cblr-8629	579	34	which	which	PRON
cblr-8629	579	35	consists	consist	VERB
cblr-8629	579	36	of	of	ADP
cblr-8629	579	37	companies	company	NOUN
cblr-8629	579	38	that	that	PRON
cblr-8629	579	39	split	split	VERB
cblr-8629	579	40	the	the	DET
cblr-8629	579	41	positions	position	NOUN
cblr-8629	579	42	of	of	ADP
cblr-8629	579	43	ceo	ceo	NOUN
cblr-8629	579	44	and	and	CCONJ
cblr-8629	579	45	chairman	chairman	NOUN
cblr-8629	579	46	of	of	ADP
cblr-8629	579	47	the	the	DET
cblr-8629	579	48	board	board	NOUN
cblr-8629	579	49	.	.	PUNCT
cblr-8629	580	1	institutional	institutional	ADJ
cblr-8629	580	2	investors	investor	NOUN
cblr-8629	580	3	increasingly	increasingly	ADV
cblr-8629	580	4	cite	cite	VERB
cblr-8629	580	5	the	the	DET
cblr-8629	580	6	separation	separation	NOUN
cblr-8629	580	7	of	of	ADP
cblr-8629	580	8	these	these	DET
cblr-8629	580	9	positions	position	NOUN
cblr-8629	580	10	as	as	ADP
cblr-8629	580	11	an	an	DET
cblr-8629	580	12	important	important	ADJ
cblr-8629	580	13	measure	measure	NOUN
cblr-8629	580	14	of	of	ADP
cblr-8629	580	15	good	good	ADJ
cblr-8629	580	16	corporate	corporate	ADJ
cblr-8629	580	17	governance.134	governance.134	PROPN
cblr-8629	580	18	the	the	DET
cblr-8629	580	19	theoretical	theoretical	ADJ
cblr-8629	580	20	idea	idea	NOUN
cblr-8629	580	21	behind	behind	ADP
cblr-8629	580	22	this	this	DET
cblr-8629	580	23	split	split	NOUN
cblr-8629	580	24	is	be	AUX
cblr-8629	580	25	that	that	SCONJ
cblr-8629	580	26	it	it	PRON
cblr-8629	580	27	will	will	AUX
cblr-8629	580	28	cause	cause	VERB
cblr-8629	580	29	a	a	DET
cblr-8629	580	30	board	board	NOUN
cblr-8629	580	31	to	to	PART
cblr-8629	580	32	have	have	VERB
cblr-8629	580	33	more	more	ADJ
cblr-8629	580	34	oversight	oversight	NOUN
cblr-8629	580	35	over	over	ADP
cblr-8629	580	36	the	the	DET
cblr-8629	580	37	ceo	ceo	NOUN
cblr-8629	580	38	and	and	CCONJ
cblr-8629	580	39	thereby	thereby	ADV
cblr-8629	580	40	make	make	VERB
cblr-8629	580	41	economically	economically	ADV
cblr-8629	580	42	-	-	PUNCT
cblr-8629	580	43	improved	improve	VERB
cblr-8629	580	44	decisions.135	decisions.135	NOUN
cblr-8629	580	45	but	but	CCONJ
cblr-8629	580	46	,	,	PUNCT
cblr-8629	580	47	as	as	ADP
cblr-8629	580	48	with	with	ADP
cblr-8629	580	49	dual	dual	ADJ
cblr-8629	580	50	class	class	NOUN
cblr-8629	580	51	structures	structure	NOUN
cblr-8629	580	52	,	,	PUNCT
cblr-8629	580	53	the	the	DET
cblr-8629	580	54	positive	positive	ADJ
cblr-8629	580	55	economic	economic	ADJ
cblr-8629	580	56	effect	effect	NOUN
cblr-8629	580	57	of	of	ADP
cblr-8629	580	58	splitting	split	VERB
cblr-8629	580	59	the	the	DET
cblr-8629	580	60	two	two	NUM
cblr-8629	580	61	positions	position	NOUN
cblr-8629	580	62	has	have	VERB
cblr-8629	580	63	yet	yet	ADV
cblr-8629	580	64	to	to	PART
cblr-8629	580	65	be	be	AUX
cblr-8629	580	66	established	establish	VERB
cblr-8629	580	67	.	.	PUNCT
cblr-8629	581	1	we	we	PRON
cblr-8629	581	2	create	create	VERB
cblr-8629	581	3	the	the	DET
cblr-8629	581	4	split	split	ADJ
cblr-8629	581	5	index	index	NOUN
cblr-8629	581	6	by	by	ADP
cblr-8629	581	7	obtaining	obtain	VERB
cblr-8629	581	8	annual	annual	ADJ
cblr-8629	581	9	ceochairman	ceochairman	NOUN
cblr-8629	581	10	duality	duality	NOUN
cblr-8629	581	11	data	datum	NOUN
cblr-8629	581	12	from	from	ADP
cblr-8629	581	13	execucomp136	execucomp136	PROPN
cblr-8629	581	14	and	and	CCONJ
cblr-8629	581	15	identify	identify	VERB
cblr-8629	581	16	the	the	DET
cblr-8629	581	17	role	role	NOUN
cblr-8629	581	18	of	of	ADP
cblr-8629	581	19	chairman	chairman	NOUN
cblr-8629	581	20	of	of	ADP
cblr-8629	581	21	the	the	DET
cblr-8629	581	22	board	board	NOUN
cblr-8629	581	23	by	by	ADP
cblr-8629	581	24	keyword	keyword	NOUN
cblr-8629	581	25	detection	detection	NOUN
cblr-8629	581	26	in	in	ADP
cblr-8629	581	27	the	the	DET
cblr-8629	581	28	ceo	ceo	NOUN
cblr-8629	581	29	’s	’s	PART
cblr-8629	581	30	yearly	yearly	ADJ
cblr-8629	581	31	title	title	NOUN
cblr-8629	581	32	.	.	PUNCT
cblr-8629	582	1	specifically	specifically	ADV
cblr-8629	582	2	,	,	PUNCT
cblr-8629	582	3	our	our	PRON
cblr-8629	582	4	keywords	keyword	NOUN
cblr-8629	582	5	include	include	VERB
cblr-8629	582	6	“	"	PUNCT
cblr-8629	582	7	chairman	chairman	NOUN
cblr-8629	582	8	”	"	PUNCT
cblr-8629	582	9	and	and	CCONJ
cblr-8629	582	10	“	"	PUNCT
cblr-8629	582	11	chmn	chmn	NOUN
cblr-8629	582	12	,	,	PUNCT
cblr-8629	582	13	”	"	PUNCT
cblr-8629	582	14	and	and	CCONJ
cblr-8629	582	15	exclude	exclude	VERB
cblr-8629	582	16	“	"	PUNCT
cblr-8629	582	17	vice	vice	NOUN
cblr-8629	582	18	chairman	chairman	NOUN
cblr-8629	582	19	”	"	PUNCT
cblr-8629	582	20	and	and	CCONJ
cblr-8629	582	21	“	"	PUNCT
cblr-8629	582	22	vice	vice	NOUN
cblr-8629	582	23	-	-	NOUN
cblr-8629	582	24	chairman	chairman	NOUN
cblr-8629	582	25	.	.	PUNCT
cblr-8629	582	26	”	"	PUNCT
cblr-8629	583	1	we	we	PRON
cblr-8629	583	2	then	then	ADV
cblr-8629	583	3	create	create	VERB
cblr-8629	583	4	an	an	DET
cblr-8629	583	5	index	index	NOUN
cblr-8629	583	6	of	of	ADP
cblr-8629	583	7	companies	company	NOUN
cblr-8629	583	8	that	that	PRON
cblr-8629	583	9	meet	meet	VERB
cblr-8629	583	10	this	this	DET
cblr-8629	583	11	criteria	criterion	NOUN
cblr-8629	583	12	.	.	PUNCT
cblr-8629	584	1	133	133	NUM
cblr-8629	584	2	such	such	DET
cblr-8629	584	3	an	an	DET
cblr-8629	584	4	index	index	NOUN
cblr-8629	584	5	would	would	AUX
cblr-8629	584	6	be	be	AUX
cblr-8629	584	7	particularly	particularly	ADV
cblr-8629	584	8	useful	useful	ADJ
cblr-8629	584	9	in	in	ADP
cblr-8629	584	10	generating	generate	VERB
cblr-8629	584	11	evidence	evidence	NOUN
cblr-8629	584	12	for	for	ADP
cblr-8629	584	13	what	what	PRON
cblr-8629	584	14	appears	appear	VERB
cblr-8629	584	15	to	to	PART
cblr-8629	584	16	be	be	AUX
cblr-8629	584	17	a	a	DET
cblr-8629	584	18	never	never	ADV
cblr-8629	584	19	-	-	PUNCT
cblr-8629	584	20	ending	end	VERB
cblr-8629	584	21	debate	debate	NOUN
cblr-8629	584	22	about	about	ADP
cblr-8629	584	23	the	the	DET
cblr-8629	584	24	economic	economic	ADJ
cblr-8629	584	25	impact	impact	NOUN
cblr-8629	584	26	of	of	ADP
cblr-8629	584	27	staggered	staggered	ADJ
cblr-8629	584	28	boards	board	NOUN
cblr-8629	584	29	.	.	PUNCT
cblr-8629	585	1	see	see	VERB
cblr-8629	585	2	supra	supra	PROPN
cblr-8629	585	3	notes	note	NOUN
cblr-8629	585	4	33–35	33–35	NUM
cblr-8629	585	5	and	and	CCONJ
cblr-8629	585	6	accompanying	accompany	VERB
cblr-8629	585	7	text	text	NOUN
cblr-8629	585	8	.	.	PUNCT
cblr-8629	586	1	134	134	NUM
cblr-8629	586	2	see	see	VERB
cblr-8629	586	3	,	,	PUNCT
cblr-8629	586	4	e.g.	e.g.	ADV
cblr-8629	586	5	,	,	PUNCT
cblr-8629	586	6	independent	independent	ADJ
cblr-8629	586	7	board	board	NOUN
cblr-8629	586	8	leadership	leadership	NOUN
cblr-8629	586	9	,	,	PUNCT
cblr-8629	586	10	council	council	PROPN
cblr-8629	586	11	of	of	ADP
cblr-8629	586	12	inst	inst	PROPN
cblr-8629	586	13	.	.	PUNCT
cblr-8629	587	1	invs	invs	PROPN
cblr-8629	587	2	.	.	PROPN
cblr-8629	587	3	,	,	PUNCT
cblr-8629	588	1	https://www.cii.org/independent_board	https://www.cii.org/independent_board	PROPN
cblr-8629	589	1	[	[	X
cblr-8629	589	2	https://perma.cc/5brz-v767	https://perma.cc/5brz-v767	X
cblr-8629	589	3	]	]	X
cblr-8629	589	4	(	(	PUNCT
cblr-8629	589	5	last	last	ADJ
cblr-8629	589	6	visited	visit	VERB
cblr-8629	589	7	apr	apr	NOUN
cblr-8629	589	8	.	.	PROPN
cblr-8629	589	9	8	8	NUM
cblr-8629	589	10	,	,	PUNCT
cblr-8629	589	11	2021	2021	NUM
cblr-8629	589	12	)	)	PUNCT
cblr-8629	589	13	(	(	PUNCT
cblr-8629	589	14	“	"	PUNCT
cblr-8629	589	15	a	a	DET
cblr-8629	589	16	ceo	ceo	NOUN
cblr-8629	589	17	who	who	PRON
cblr-8629	589	18	also	also	ADV
cblr-8629	589	19	serves	serve	VERB
cblr-8629	589	20	as	as	ADP
cblr-8629	589	21	chair	chair	NOUN
cblr-8629	589	22	can	can	AUX
cblr-8629	589	23	exert	exert	VERB
cblr-8629	589	24	excessive	excessive	ADJ
cblr-8629	589	25	influence	influence	NOUN
cblr-8629	589	26	on	on	ADP
cblr-8629	589	27	the	the	DET
cblr-8629	589	28	board	board	NOUN
cblr-8629	589	29	and	and	CCONJ
cblr-8629	589	30	its	its	PRON
cblr-8629	589	31	agenda	agenda	NOUN
cblr-8629	589	32	,	,	PUNCT
cblr-8629	589	33	weakening	weaken	VERB
cblr-8629	589	34	the	the	DET
cblr-8629	589	35	board	board	NOUN
cblr-8629	589	36	’s	’s	PART
cblr-8629	589	37	oversight	oversight	NOUN
cblr-8629	589	38	of	of	ADP
cblr-8629	589	39	management	management	NOUN
cblr-8629	589	40	.	.	PUNCT
cblr-8629	590	1	separating	separate	VERB
cblr-8629	590	2	the	the	DET
cblr-8629	590	3	chair	chair	NOUN
cblr-8629	590	4	and	and	CCONJ
cblr-8629	590	5	ceo	ceo	NOUN
cblr-8629	590	6	positions	position	NOUN
cblr-8629	590	7	reduces	reduce	VERB
cblr-8629	590	8	this	this	DET
cblr-8629	590	9	conflict	conflict	NOUN
cblr-8629	590	10	,	,	PUNCT
cblr-8629	590	11	and	and	CCONJ
cblr-8629	590	12	an	an	DET
cblr-8629	590	13	independent	independent	ADJ
cblr-8629	590	14	chair	chair	NOUN
cblr-8629	590	15	provides	provide	VERB
cblr-8629	590	16	the	the	DET
cblr-8629	590	17	clearest	clear	ADJ
cblr-8629	590	18	separation	separation	NOUN
cblr-8629	590	19	of	of	ADP
cblr-8629	590	20	power	power	NOUN
cblr-8629	590	21	between	between	ADP
cblr-8629	590	22	the	the	DET
cblr-8629	590	23	ceo	ceo	NOUN
cblr-8629	590	24	and	and	CCONJ
cblr-8629	590	25	the	the	DET
cblr-8629	590	26	rest	rest	NOUN
cblr-8629	590	27	of	of	ADP
cblr-8629	590	28	the	the	DET
cblr-8629	590	29	board	board	NOUN
cblr-8629	590	30	.	.	PUNCT
cblr-8629	590	31	”	"	PUNCT
cblr-8629	590	32	)	)	PUNCT
cblr-8629	590	33	.	.	PUNCT
cblr-8629	591	1	135	135	NUM
cblr-8629	591	2	see	see	VERB
cblr-8629	591	3	i	i	PRON
cblr-8629	591	4	d.	d.	PROPN
cblr-8629	591	5	(	(	PUNCT
cblr-8629	591	6	“	"	PUNCT
cblr-8629	591	7	having	have	VERB
cblr-8629	591	8	an	an	DET
cblr-8629	591	9	independent	independent	ADJ
cblr-8629	591	10	chair	chair	NOUN
cblr-8629	591	11	helps	help	VERB
cblr-8629	591	12	the	the	DET
cblr-8629	591	13	board	board	NOUN
cblr-8629	591	14	carry	carry	VERB
cblr-8629	591	15	out	out	ADP
cblr-8629	591	16	its	its	PRON
cblr-8629	591	17	primary	primary	ADJ
cblr-8629	591	18	duty	duty	NOUN
cblr-8629	591	19	—	—	PUNCT
cblr-8629	591	20	to	to	PART
cblr-8629	591	21	monitor	monitor	VERB
cblr-8629	591	22	the	the	DET
cblr-8629	591	23	management	management	NOUN
cblr-8629	591	24	of	of	ADP
cblr-8629	591	25	the	the	DET
cblr-8629	591	26	company	company	NOUN
cblr-8629	591	27	on	on	ADP
cblr-8629	591	28	behalf	behalf	NOUN
cblr-8629	591	29	of	of	ADP
cblr-8629	591	30	its	its	PRON
cblr-8629	591	31	shareowners	shareowner	NOUN
cblr-8629	591	32	.	.	PUNCT
cblr-8629	591	33	”	"	PUNCT
cblr-8629	591	34	)	)	PUNCT
cblr-8629	591	35	.	.	PUNCT
cblr-8629	592	1	136	136	NUM
cblr-8629	592	2	on	on	ADP
cblr-8629	592	3	execucomp	execucomp	NOUN
cblr-8629	592	4	,	,	PUNCT
cblr-8629	592	5	see	see	VERB
cblr-8629	592	6	compustat	compustat	NOUN
cblr-8629	592	7	execucomp	execucomp	NOUN
cblr-8629	592	8	:	:	PUNCT
cblr-8629	592	9	the	the	DET
cblr-8629	592	10	basics	basic	NOUN
cblr-8629	592	11	,	,	PUNCT
cblr-8629	592	12	wharton	wharton	PROPN
cblr-8629	592	13	rsch	rsch	PROPN
cblr-8629	592	14	.	.	PUNCT
cblr-8629	593	1	data	datum	NOUN
cblr-8629	593	2	servs	servs	PROPN
cblr-8629	593	3	.	.	PUNCT
cblr-8629	593	4	,	,	PUNCT
cblr-8629	594	1	https://wrds-www.wharton.upenn.edu/pages/griditems/compustat-execucomp-basics/	https://wrds-www.wharton.upenn.edu/pages/griditems/compustat-execucomp-basics/	PROPN
cblr-8629	594	2	[	[	X
cblr-8629	594	3	https://perma.cc/ca4p-6lsv	https://perma.cc/ca4p-6lsv	X
cblr-8629	594	4	]	]	X
cblr-8629	594	5	(	(	PUNCT
cblr-8629	594	6	last	last	ADJ
cblr-8629	594	7	visited	visit	VERB
cblr-8629	594	8	apr	apr	NOUN
cblr-8629	594	9	.	.	PROPN
cblr-8629	594	10	9	9	NUM
cblr-8629	594	11	,	,	PUNCT
cblr-8629	594	12	2021	2021	NUM
cblr-8629	594	13	)	)	PUNCT
cblr-8629	594	14	.	.	PUNCT
cblr-8629	595	1	ahn	ahn	PROPN
cblr-8629	595	2	et	et	PROPN
cblr-8629	595	3	al	al	PROPN
cblr-8629	595	4	.	.	PROPN
cblr-8629	596	1	8/20/2021	8/20/2021	NUM
cblr-8629	596	2	6:14	6:14	NUM
cblr-8629	596	3	pm	pm	NOUN
cblr-8629	596	4	no	no	NOUN
cblr-8629	596	5	.	.	PUNCT
cblr-8629	597	1	2:476	2:476	NUM
cblr-8629	597	2	]	]	X
cblr-8629	597	3	synthetic	synthetic	ADJ
cblr-8629	597	4	governance	governance	NOUN
cblr-8629	597	5	517	517	NUM
cblr-8629	597	6	table	table	NOUN
cblr-8629	597	7	5	5	NUM
cblr-8629	597	8	split	split	NOUN
cblr-8629	597	9	index	index	NOUN
cblr-8629	597	10	performance	performance	NOUN
cblr-8629	597	11	(	(	PUNCT
cblr-8629	597	12	june	june	PROPN
cblr-8629	597	13	2009	2009	NUM
cblr-8629	597	14	to	to	ADP
cblr-8629	597	15	december	december	PROPN
cblr-8629	597	16	2019	2019	NUM
cblr-8629	597	17	)	)	PUNCT
cblr-8629	597	18	split	split	VERB
cblr-8629	597	19	index	index	NOUN
cblr-8629	597	20	market	market	NOUN
cblr-8629	597	21	index	index	NOUN
cblr-8629	597	22	monthly	monthly	ADJ
cblr-8629	597	23	return	return	NOUN
cblr-8629	597	24	1.31	1.31	NUM
cblr-8629	597	25	%	%	NOUN
cblr-8629	597	26	1.25	1.25	NUM
cblr-8629	597	27	%	%	NOUN
cblr-8629	597	28	monthly	monthly	ADJ
cblr-8629	597	29	volatility	volatility	NOUN
cblr-8629	597	30	3.87	3.87	NUM
cblr-8629	597	31	%	%	NOUN
cblr-8629	597	32	3.75	3.75	NUM
cblr-8629	597	33	%	%	NOUN
cblr-8629	597	34	annual	annual	ADJ
cblr-8629	597	35	return	return	NOUN
cblr-8629	597	36	15.73	15.73	NUM
cblr-8629	597	37	%	%	NOUN
cblr-8629	597	38	14.98	14.98	NUM
cblr-8629	597	39	%	%	NOUN
cblr-8629	597	40	annual	annual	ADJ
cblr-8629	597	41	volatility	volatility	NOUN
cblr-8629	597	42	13.41	13.41	NUM
cblr-8629	597	43	%	%	NOUN
cblr-8629	597	44	12.98	12.98	NUM
cblr-8629	597	45	%	%	NOUN
cblr-8629	597	46	cum	cum	NOUN
cblr-8629	597	47	.	.	PUNCT
cblr-8629	598	1	growth	growth	NOUN
cblr-8629	598	2	of	of	ADP
cblr-8629	598	3	$	$	SYM
cblr-8629	598	4	1	1	NUM
cblr-8629	598	5	$	$	SYM
cblr-8629	598	6	4.70	4.70	NUM
cblr-8629	598	7	$	$	SYM
cblr-8629	598	8	4.38	4.38	NUM
cblr-8629	598	9	the	the	DET
cblr-8629	598	10	back	back	NOUN
cblr-8629	598	11	-	-	PUNCT
cblr-8629	598	12	testing	testing	NOUN
cblr-8629	598	13	results	result	NOUN
cblr-8629	598	14	in	in	ADP
cblr-8629	598	15	table	table	NOUN
cblr-8629	598	16	5	5	NUM
cblr-8629	598	17	show	show	VERB
cblr-8629	598	18	that	that	SCONJ
cblr-8629	598	19	the	the	DET
cblr-8629	598	20	split	split	ADJ
cblr-8629	598	21	index	index	NOUN
cblr-8629	598	22	outperforms	outperform	VERB
cblr-8629	598	23	the	the	DET
cblr-8629	598	24	crsp	crsp	ADJ
cblr-8629	598	25	market	market	NOUN
cblr-8629	598	26	benchmark	benchmark	NOUN
cblr-8629	598	27	by	by	ADP
cblr-8629	598	28	seventyfive	seventyfive	ADJ
cblr-8629	598	29	basis	basis	NOUN
cblr-8629	598	30	points	point	NOUN
cblr-8629	598	31	per	per	ADP
cblr-8629	598	32	annum	annum	NOUN
cblr-8629	598	33	.	.	PUNCT
cblr-8629	599	1	a	a	DET
cblr-8629	599	2	one	one	NUM
cblr-8629	599	3	-	-	PUNCT
cblr-8629	599	4	dollar	dollar	NOUN
cblr-8629	599	5	investment	investment	NOUN
cblr-8629	599	6	in	in	ADP
cblr-8629	599	7	the	the	DET
cblr-8629	599	8	split	split	ADJ
cblr-8629	599	9	index	index	NOUN
cblr-8629	599	10	would	would	AUX
cblr-8629	599	11	have	have	AUX
cblr-8629	599	12	grown	grow	VERB
cblr-8629	599	13	to	to	ADP
cblr-8629	599	14	$	$	SYM
cblr-8629	599	15	4.70	4.70	NUM
cblr-8629	599	16	between	between	ADP
cblr-8629	599	17	june	june	PROPN
cblr-8629	599	18	2009	2009	NUM
cblr-8629	599	19	and	and	CCONJ
cblr-8629	599	20	december	december	PROPN
cblr-8629	599	21	2019	2019	NUM
cblr-8629	599	22	.	.	PUNCT
cblr-8629	600	1	over	over	ADP
cblr-8629	600	2	the	the	DET
cblr-8629	600	3	same	same	ADJ
cblr-8629	600	4	time	time	NOUN
cblr-8629	600	5	,	,	PUNCT
cblr-8629	600	6	a	a	DET
cblr-8629	600	7	one	one	NUM
cblr-8629	600	8	-	-	PUNCT
cblr-8629	600	9	dollar	dollar	NOUN
cblr-8629	600	10	investment	investment	NOUN
cblr-8629	600	11	in	in	ADP
cblr-8629	600	12	the	the	DET
cblr-8629	600	13	market	market	NOUN
cblr-8629	600	14	index	index	NOUN
cblr-8629	600	15	would	would	AUX
cblr-8629	600	16	have	have	AUX
cblr-8629	600	17	grown	grow	VERB
cblr-8629	600	18	to	to	ADP
cblr-8629	600	19	$	$	SYM
cblr-8629	600	20	4.38	4.38	NUM
cblr-8629	600	21	.	.	PUNCT
cblr-8629	601	1	the	the	DET
cblr-8629	601	2	findings	finding	NOUN
cblr-8629	601	3	thus	thus	ADV
cblr-8629	601	4	highlight	highlight	VERB
cblr-8629	601	5	that	that	SCONJ
cblr-8629	601	6	indexes	index	NOUN
cblr-8629	601	7	filtered	filter	VERB
cblr-8629	601	8	by	by	ADP
cblr-8629	601	9	corporate	corporate	ADJ
cblr-8629	601	10	governance	governance	NOUN
cblr-8629	601	11	measures	measure	NOUN
cblr-8629	601	12	other	other	ADJ
cblr-8629	601	13	than	than	ADP
cblr-8629	601	14	dual	dual	ADJ
cblr-8629	601	15	class	class	NOUN
cblr-8629	601	16	status	status	NOUN
cblr-8629	601	17	can	can	AUX
cblr-8629	601	18	also	also	ADV
cblr-8629	601	19	earn	earn	VERB
cblr-8629	601	20	excess	excess	ADJ
cblr-8629	601	21	returns	return	NOUN
cblr-8629	601	22	above	above	ADP
cblr-8629	601	23	a	a	DET
cblr-8629	601	24	benchmark	benchmark	NOUN
cblr-8629	601	25	.	.	PUNCT
cblr-8629	602	1	in	in	ADP
cblr-8629	602	2	addition	addition	NOUN
cblr-8629	602	3	,	,	PUNCT
cblr-8629	602	4	the	the	DET
cblr-8629	602	5	split	split	ADJ
cblr-8629	602	6	index	index	NOUN
cblr-8629	602	7	partially	partially	ADV
cblr-8629	602	8	addresses	address	VERB
cblr-8629	602	9	the	the	DET
cblr-8629	602	10	endogeneity	endogeneity	NOUN
cblr-8629	602	11	problem	problem	NOUN
cblr-8629	602	12	that	that	SCONJ
cblr-8629	602	13	we	we	PRON
cblr-8629	602	14	identified	identify	VERB
cblr-8629	602	15	with	with	ADP
cblr-8629	602	16	respect	respect	NOUN
cblr-8629	602	17	to	to	ADP
cblr-8629	602	18	the	the	DET
cblr-8629	602	19	dual	dual	ADJ
cblr-8629	602	20	index	index	NOUN
cblr-8629	602	21	.	.	PUNCT
cblr-8629	603	1	because	because	SCONJ
cblr-8629	603	2	an	an	DET
cblr-8629	603	3	issuer	issuer	NOUN
cblr-8629	603	4	is	be	AUX
cblr-8629	603	5	not	not	PART
cblr-8629	603	6	typically	typically	ADV
cblr-8629	603	7	locked	lock	VERB
cblr-8629	603	8	into	into	ADP
cblr-8629	603	9	split	split	ADJ
cblr-8629	603	10	chair	chair	NOUN
cblr-8629	603	11	and	and	CCONJ
cblr-8629	603	12	ceo	ceo	NOUN
cblr-8629	603	13	positions	position	NOUN
cblr-8629	603	14	through	through	ADP
cblr-8629	603	15	a	a	DET
cblr-8629	603	16	charter	charter	NOUN
cblr-8629	603	17	provision	provision	NOUN
cblr-8629	603	18	,	,	PUNCT
cblr-8629	603	19	midstream	midstream	NOUN
cblr-8629	603	20	changes	change	NOUN
cblr-8629	603	21	between	between	ADP
cblr-8629	603	22	combined	combined	ADJ
cblr-8629	603	23	and	and	CCONJ
cblr-8629	603	24	split	split	ADJ
cblr-8629	603	25	positions	position	NOUN
cblr-8629	603	26	are	be	AUX
cblr-8629	603	27	a	a	DET
cblr-8629	603	28	regular	regular	ADJ
cblr-8629	603	29	occurrence	occurrence	NOUN
cblr-8629	603	30	,	,	PUNCT
cblr-8629	603	31	an	an	DET
cblr-8629	603	32	existing	exist	VERB
cblr-8629	603	33	ceo	ceo	NOUN
cblr-8629	603	34	rarely	rarely	ADV
cblr-8629	603	35	has	have	VERB
cblr-8629	603	36	the	the	DET
cblr-8629	603	37	power	power	NOUN
cblr-8629	603	38	to	to	PART
cblr-8629	603	39	preclude	preclude	VERB
cblr-8629	603	40	the	the	DET
cblr-8629	603	41	shareholders	shareholder	NOUN
cblr-8629	603	42	or	or	CCONJ
cblr-8629	603	43	the	the	DET
cblr-8629	603	44	board	board	NOUN
cblr-8629	603	45	from	from	ADP
cblr-8629	603	46	splitting	split	VERB
cblr-8629	603	47	the	the	DET
cblr-8629	603	48	two	two	NUM
cblr-8629	603	49	positions	position	NOUN
cblr-8629	603	50	,	,	PUNCT
cblr-8629	603	51	and	and	CCONJ
cblr-8629	603	52	an	an	DET
cblr-8629	603	53	issuer	issuer	NOUN
cblr-8629	603	54	can	can	AUX
cblr-8629	603	55	not	not	PART
cblr-8629	603	56	extract	extract	VERB
cblr-8629	603	57	investor	investor	NOUN
cblr-8629	603	58	acquiescence	acquiescence	NOUN
cblr-8629	603	59	in	in	ADP
cblr-8629	603	60	a	a	DET
cblr-8629	603	61	combined	combined	ADJ
cblr-8629	603	62	structure	structure	NOUN
cblr-8629	603	63	as	as	ADP
cblr-8629	603	64	the	the	DET
cblr-8629	603	65	price	price	NOUN
cblr-8629	603	66	of	of	ADP
cblr-8629	603	67	investing	invest	VERB
cblr-8629	603	68	in	in	ADP
cblr-8629	603	69	the	the	DET
cblr-8629	603	70	company.137	company.137	PROPN
cblr-8629	603	71	vi	vi	PROPN
cblr-8629	603	72	.	.	PUNCT
cblr-8629	603	73	implications	implication	NOUN
cblr-8629	603	74	our	our	PRON
cblr-8629	603	75	findings	finding	NOUN
cblr-8629	603	76	illustrate	illustrate	VERB
cblr-8629	603	77	the	the	DET
cblr-8629	603	78	facility	facility	NOUN
cblr-8629	603	79	with	with	ADP
cblr-8629	603	80	which	which	PRON
cblr-8629	603	81	bespoke	bespoke	NOUN
cblr-8629	603	82	governance	governance	NOUN
cblr-8629	603	83	indexes	index	NOUN
cblr-8629	603	84	can	can	AUX
cblr-8629	603	85	be	be	AUX
cblr-8629	603	86	constructed	construct	VERB
cblr-8629	603	87	and	and	CCONJ
cblr-8629	603	88	used	use	VERB
cblr-8629	603	89	within	within	ADP
cblr-8629	603	90	our	our	PRON
cblr-8629	603	91	137	137	NUM
cblr-8629	603	92	see	see	NOUN
cblr-8629	603	93	,	,	PUNCT
cblr-8629	603	94	e.g.	e.g.	ADV
cblr-8629	603	95	,	,	PUNCT
cblr-8629	603	96	generally	generally	ADV
cblr-8629	603	97	brian	brian	PROPN
cblr-8629	603	98	patrick	patrick	PROPN
cblr-8629	603	99	eha	eha	PROPN
cblr-8629	603	100	,	,	PUNCT
cblr-8629	603	101	will	will	AUX
cblr-8629	603	102	wells	wells	PROPN
cblr-8629	603	103	’	'	PUNCT
cblr-8629	603	104	chairman	chairman	NOUN
cblr-8629	603	105	-	-	PUNCT
cblr-8629	603	106	ceo	ceo	NOUN
cblr-8629	603	107	split	split	NOUN
cblr-8629	603	108	force	force	NOUN
cblr-8629	603	109	other	other	ADJ
cblr-8629	603	110	banks	bank	NOUN
cblr-8629	603	111	’	'	PUNCT
cblr-8629	603	112	hands	hand	NOUN
cblr-8629	603	113	?	?	PUNCT
cblr-8629	603	114	,	,	PUNCT
cblr-8629	603	115	am	be	AUX
cblr-8629	603	116	.	.	PUNCT
cblr-8629	603	117	banker	banker	NOUN
cblr-8629	603	118	,	,	PUNCT
cblr-8629	603	119	jan	jan	PROPN
cblr-8629	603	120	.	.	PROPN
cblr-8629	603	121	11	11	NUM
cblr-8629	603	122	,	,	PUNCT
cblr-8629	603	123	2017	2017	NUM
cblr-8629	603	124	(	(	PUNCT
cblr-8629	603	125	describing	describe	VERB
cblr-8629	603	126	wells	wells	PROPN
cblr-8629	603	127	fargo	fargo	PROPN
cblr-8629	603	128	’s	’s	PART
cblr-8629	603	129	decision	decision	NOUN
cblr-8629	603	130	to	to	PART
cblr-8629	603	131	adopt	adopt	VERB
cblr-8629	603	132	a	a	DET
cblr-8629	603	133	bylaw	bylaw	NOUN
cblr-8629	603	134	splitting	split	VERB
cblr-8629	603	135	the	the	DET
cblr-8629	603	136	roles	role	NOUN
cblr-8629	603	137	of	of	ADP
cblr-8629	603	138	ceo	ceo	NOUN
cblr-8629	603	139	and	and	CCONJ
cblr-8629	603	140	chair	chair	NOUN
cblr-8629	603	141	after	after	ADP
cblr-8629	603	142	the	the	DET
cblr-8629	603	143	fake	fake	ADJ
cblr-8629	603	144	accounts	account	NOUN
cblr-8629	603	145	scandal	scandal	NOUN
cblr-8629	603	146	)	)	PUNCT
cblr-8629	603	147	.	.	PUNCT
cblr-8629	604	1	ahn	ahn	PROPN
cblr-8629	604	2	et	et	PROPN
cblr-8629	604	3	al	al	PROPN
cblr-8629	604	4	.	.	PROPN
cblr-8629	605	1	8/20/2021	8/20/2021	NUM
cblr-8629	605	2	6:14	6:14	NUM
cblr-8629	605	3	pm	pm	NOUN
cblr-8629	605	4	518	518	NUM
cblr-8629	605	5	columbia	columbia	PROPN
cblr-8629	605	6	business	business	NOUN
cblr-8629	605	7	law	law	PROPN
cblr-8629	605	8	review	review	NOUN
cblr-8629	605	9	[	[	X
cblr-8629	605	10	vol	vol	NOUN
cblr-8629	605	11	.	.	NOUN
cblr-8629	605	12	2021	2021	NUM
cblr-8629	605	13	capital	capital	NOUN
cblr-8629	605	14	markets	market	NOUN
cblr-8629	605	15	to	to	PART
cblr-8629	605	16	select	select	VERB
cblr-8629	605	17	for	for	ADP
cblr-8629	605	18	or	or	CCONJ
cblr-8629	605	19	against	against	ADP
cblr-8629	605	20	specific	specific	ADJ
cblr-8629	605	21	governance	governance	NOUN
cblr-8629	605	22	provisions	provision	NOUN
cblr-8629	605	23	.	.	PUNCT
cblr-8629	606	1	if	if	SCONJ
cblr-8629	606	2	asset	asset	NOUN
cblr-8629	606	3	managers	manager	NOUN
cblr-8629	606	4	believe	believe	VERB
cblr-8629	606	5	that	that	SCONJ
cblr-8629	606	6	dual	dual	ADJ
cblr-8629	606	7	class	class	NOUN
cblr-8629	606	8	structure	structure	NOUN
cblr-8629	606	9	,	,	PUNCT
cblr-8629	606	10	staggered	staggered	ADJ
cblr-8629	606	11	boards	board	NOUN
cblr-8629	606	12	,	,	PUNCT
cblr-8629	606	13	nevada	nevada	PROPN
cblr-8629	606	14	incorporation	incorporation	NOUN
cblr-8629	606	15	,	,	PUNCT
cblr-8629	606	16	or	or	CCONJ
cblr-8629	606	17	other	other	ADJ
cblr-8629	606	18	governance	governance	NOUN
cblr-8629	606	19	features	feature	NOUN
cblr-8629	606	20	systematically	systematically	ADV
cblr-8629	606	21	reduce	reduce	VERB
cblr-8629	606	22	firm	firm	ADJ
cblr-8629	606	23	value	value	NOUN
cblr-8629	606	24	,	,	PUNCT
cblr-8629	606	25	they	they	PRON
cblr-8629	606	26	can	can	AUX
cblr-8629	606	27	create	create	VERB
cblr-8629	606	28	specific	specific	ADJ
cblr-8629	606	29	or	or	CCONJ
cblr-8629	606	30	general	general	ADJ
cblr-8629	606	31	“	"	PUNCT
cblr-8629	606	32	good	good	ADJ
cblr-8629	606	33	governance	governance	NOUN
cblr-8629	606	34	”	"	PUNCT
cblr-8629	606	35	products	product	NOUN
cblr-8629	606	36	that	that	PRON
cblr-8629	606	37	offer	offer	VERB
cblr-8629	606	38	their	their	PRON
cblr-8629	606	39	customers	customer	NOUN
cblr-8629	606	40	the	the	DET
cblr-8629	606	41	opportunity	opportunity	NOUN
cblr-8629	606	42	to	to	PART
cblr-8629	606	43	screen	screen	VERB
cblr-8629	606	44	out	out	ADP
cblr-8629	606	45	issuers	issuer	NOUN
cblr-8629	606	46	that	that	PRON
cblr-8629	606	47	do	do	AUX
cblr-8629	606	48	not	not	PART
cblr-8629	606	49	adhere	adhere	VERB
cblr-8629	606	50	to	to	ADP
cblr-8629	606	51	their	their	PRON
cblr-8629	606	52	identified	identify	VERB
cblr-8629	606	53	best	good	ADJ
cblr-8629	606	54	practices	practice	NOUN
cblr-8629	606	55	.	.	PUNCT
cblr-8629	607	1	if	if	SCONJ
cblr-8629	607	2	these	these	DET
cblr-8629	607	3	products	product	NOUN
cblr-8629	607	4	accurately	accurately	ADV
cblr-8629	607	5	identify	identify	VERB
cblr-8629	607	6	those	those	DET
cblr-8629	607	7	governance	governance	NOUN
cblr-8629	607	8	provisions	provision	NOUN
cblr-8629	607	9	that	that	PRON
cblr-8629	607	10	maximize	maximize	VERB
cblr-8629	607	11	firm	firm	ADJ
cblr-8629	607	12	value	value	NOUN
cblr-8629	607	13	,	,	PUNCT
cblr-8629	607	14	synthetic	synthetic	ADJ
cblr-8629	607	15	governance	governance	NOUN
cblr-8629	607	16	products	product	NOUN
cblr-8629	607	17	will	will	AUX
cblr-8629	607	18	outperform	outperform	VERB
cblr-8629	607	19	their	their	PRON
cblr-8629	607	20	competitors	competitor	NOUN
cblr-8629	607	21	,	,	PUNCT
cblr-8629	607	22	and	and	CCONJ
cblr-8629	607	23	assets	asset	NOUN
cblr-8629	607	24	will	will	AUX
cblr-8629	607	25	flow	flow	VERB
cblr-8629	607	26	into	into	ADP
cblr-8629	607	27	these	these	DET
cblr-8629	607	28	funds	fund	NOUN
cblr-8629	607	29	.	.	PUNCT
cblr-8629	608	1	these	these	DET
cblr-8629	608	2	inflows	inflow	NOUN
cblr-8629	608	3	will	will	AUX
cblr-8629	608	4	,	,	PUNCT
cblr-8629	608	5	in	in	ADP
cblr-8629	608	6	turn	turn	NOUN
cblr-8629	608	7	,	,	PUNCT
cblr-8629	608	8	reduce	reduce	VERB
cblr-8629	608	9	the	the	DET
cblr-8629	608	10	cost	cost	NOUN
cblr-8629	608	11	of	of	ADP
cblr-8629	608	12	capital	capital	NOUN
cblr-8629	608	13	to	to	ADP
cblr-8629	608	14	issuers	issuer	NOUN
cblr-8629	608	15	that	that	PRON
cblr-8629	608	16	adopt	adopt	VERB
cblr-8629	608	17	good	good	ADJ
cblr-8629	608	18	governance	governance	NOUN
cblr-8629	608	19	practices	practice	NOUN
cblr-8629	608	20	.	.	PUNCT
cblr-8629	609	1	to	to	PART
cblr-8629	609	2	be	be	AUX
cblr-8629	609	3	sure	sure	ADJ
cblr-8629	609	4	,	,	PUNCT
cblr-8629	609	5	issuers	issuer	NOUN
cblr-8629	609	6	may	may	AUX
cblr-8629	609	7	respond	respond	VERB
cblr-8629	609	8	to	to	ADP
cblr-8629	609	9	the	the	DET
cblr-8629	609	10	growth	growth	NOUN
cblr-8629	609	11	of	of	ADP
cblr-8629	609	12	synthetic	synthetic	ADJ
cblr-8629	609	13	governance	governance	NOUN
cblr-8629	609	14	by	by	ADP
cblr-8629	609	15	modifying	modify	VERB
cblr-8629	609	16	their	their	PRON
cblr-8629	609	17	governance	governance	NOUN
cblr-8629	609	18	features	feature	NOUN
cblr-8629	609	19	to	to	PART
cblr-8629	609	20	qualify	qualify	VERB
cblr-8629	609	21	for	for	ADP
cblr-8629	609	22	inclusion	inclusion	NOUN
cblr-8629	609	23	in	in	ADP
cblr-8629	609	24	governance	governance	NOUN
cblr-8629	609	25	-	-	PUNCT
cblr-8629	609	26	based	base	VERB
cblr-8629	609	27	index	index	NOUN
cblr-8629	609	28	funds	fund	NOUN
cblr-8629	609	29	.	.	PUNCT
cblr-8629	610	1	this	this	PRON
cblr-8629	610	2	may	may	AUX
cblr-8629	610	3	have	have	VERB
cblr-8629	610	4	an	an	DET
cblr-8629	610	5	effect	effect	NOUN
cblr-8629	610	6	on	on	ADP
cblr-8629	610	7	future	future	ADJ
cblr-8629	610	8	returns	return	NOUN
cblr-8629	610	9	.	.	PUNCT
cblr-8629	611	1	notably	notably	ADV
cblr-8629	611	2	,	,	PUNCT
cblr-8629	611	3	however	however	ADV
cblr-8629	611	4	,	,	PUNCT
cblr-8629	611	5	this	this	DET
cblr-8629	611	6	response	response	NOUN
cblr-8629	611	7	would	would	AUX
cblr-8629	611	8	demonstrate	demonstrate	VERB
cblr-8629	611	9	the	the	DET
cblr-8629	611	10	potential	potential	ADJ
cblr-8629	611	11	disciplinary	disciplinary	ADJ
cblr-8629	611	12	power	power	NOUN
cblr-8629	611	13	associated	associate	VERB
cblr-8629	611	14	with	with	ADP
cblr-8629	611	15	enabling	enable	VERB
cblr-8629	611	16	investors	investor	NOUN
cblr-8629	611	17	to	to	PART
cblr-8629	611	18	choose	choose	VERB
cblr-8629	611	19	an	an	DET
cblr-8629	611	20	index	index	NOUN
cblr-8629	611	21	strategy	strategy	NOUN
cblr-8629	611	22	based	base	VERB
cblr-8629	611	23	on	on	ADP
cblr-8629	611	24	governance	governance	NOUN
cblr-8629	611	25	.	.	PUNCT
cblr-8629	612	1	to	to	ADP
cblr-8629	612	2	the	the	DET
cblr-8629	612	3	extent	extent	NOUN
cblr-8629	612	4	that	that	SCONJ
cblr-8629	612	5	a	a	DET
cblr-8629	612	6	governance	governance	NOUN
cblr-8629	612	7	index	index	NOUN
cblr-8629	612	8	generates	generate	VERB
cblr-8629	612	9	superior	superior	ADJ
cblr-8629	612	10	returns	return	NOUN
cblr-8629	612	11	,	,	PUNCT
cblr-8629	612	12	investor	investor	NOUN
cblr-8629	612	13	assets	asset	NOUN
cblr-8629	612	14	respond	respond	VERB
cblr-8629	612	15	by	by	ADP
cblr-8629	612	16	flowing	flow	VERB
cblr-8629	612	17	into	into	ADP
cblr-8629	612	18	the	the	DET
cblr-8629	612	19	index	index	NOUN
cblr-8629	612	20	,	,	PUNCT
cblr-8629	612	21	and	and	CCONJ
cblr-8629	612	22	issuers	issuer	NOUN
cblr-8629	612	23	react	react	VERB
cblr-8629	612	24	by	by	ADP
cblr-8629	612	25	adopting	adopt	VERB
cblr-8629	612	26	the	the	DET
cblr-8629	612	27	index	index	NOUN
cblr-8629	612	28	’s	’s	PART
cblr-8629	612	29	governance	governance	NOUN
cblr-8629	612	30	provisions	provision	NOUN
cblr-8629	612	31	,	,	PUNCT
cblr-8629	612	32	the	the	DET
cblr-8629	612	33	capital	capital	NOUN
cblr-8629	612	34	market	market	NOUN
cblr-8629	612	35	forces	force	NOUN
cblr-8629	612	36	are	be	AUX
cblr-8629	612	37	working	work	VERB
cblr-8629	612	38	effectively	effectively	ADV
cblr-8629	612	39	.	.	PUNCT
cblr-8629	613	1	vii	vii	PROPN
cblr-8629	613	2	.	.	PROPN
cblr-8629	613	3	conclusion	conclusion	NOUN
cblr-8629	613	4	although	although	SCONJ
cblr-8629	613	5	the	the	DET
cblr-8629	613	6	rise	rise	NOUN
cblr-8629	613	7	of	of	ADP
cblr-8629	613	8	intermediated	intermediated	ADJ
cblr-8629	613	9	investing	investing	NOUN
cblr-8629	613	10	has	have	AUX
cblr-8629	613	11	generated	generate	VERB
cblr-8629	613	12	extensive	extensive	ADJ
cblr-8629	613	13	criticism	criticism	NOUN
cblr-8629	613	14	,	,	PUNCT
cblr-8629	613	15	it	it	PRON
cblr-8629	613	16	offers	offer	VERB
cblr-8629	613	17	a	a	DET
cblr-8629	613	18	new	new	ADJ
cblr-8629	613	19	mechanism	mechanism	NOUN
cblr-8629	613	20	for	for	ADP
cblr-8629	613	21	exercising	exercise	VERB
cblr-8629	613	22	market	market	NOUN
cblr-8629	613	23	discipline	discipline	NOUN
cblr-8629	613	24	.	.	PUNCT
cblr-8629	614	1	mutual	mutual	ADJ
cblr-8629	614	2	funds	fund	NOUN
cblr-8629	614	3	already	already	ADV
cblr-8629	614	4	offer	offer	VERB
cblr-8629	614	5	investors	investor	NOUN
cblr-8629	614	6	the	the	DET
cblr-8629	614	7	opportunity	opportunity	NOUN
cblr-8629	614	8	to	to	PART
cblr-8629	614	9	invest	invest	VERB
cblr-8629	614	10	in	in	ADP
cblr-8629	614	11	a	a	DET
cblr-8629	614	12	passive	passive	ADJ
cblr-8629	614	13	fund	fund	NOUN
cblr-8629	614	14	that	that	PRON
cblr-8629	614	15	replicates	replicate	VERB
cblr-8629	614	16	the	the	DET
cblr-8629	614	17	performance	performance	NOUN
cblr-8629	614	18	of	of	ADP
cblr-8629	614	19	a	a	DET
cblr-8629	614	20	broad	broad	ADV
cblr-8629	614	21	-	-	PUNCT
cblr-8629	614	22	based	base	VERB
cblr-8629	614	23	market	market	NOUN
cblr-8629	614	24	index	index	NOUN
cblr-8629	614	25	or	or	CCONJ
cblr-8629	614	26	to	to	PART
cblr-8629	614	27	focus	focus	VERB
cblr-8629	614	28	on	on	ADP
cblr-8629	614	29	esg	esg	PROPN
cblr-8629	614	30	criteria	criterion	NOUN
cblr-8629	614	31	in	in	ADP
cblr-8629	614	32	their	their	PRON
cblr-8629	614	33	investment	investment	NOUN
cblr-8629	614	34	decisions	decision	NOUN
cblr-8629	614	35	.	.	PUNCT
cblr-8629	615	1	the	the	DET
cblr-8629	615	2	returns	return	NOUN
cblr-8629	615	3	of	of	ADP
cblr-8629	615	4	these	these	DET
cblr-8629	615	5	funds	fund	NOUN
cblr-8629	615	6	provide	provide	VERB
cblr-8629	615	7	empirical	empirical	ADJ
cblr-8629	615	8	evidence	evidence	NOUN
cblr-8629	615	9	on	on	ADP
cblr-8629	615	10	the	the	DET
cblr-8629	615	11	relative	relative	ADJ
cblr-8629	615	12	performance	performance	NOUN
cblr-8629	615	13	of	of	ADP
cblr-8629	615	14	their	their	PRON
cblr-8629	615	15	investment	investment	NOUN
cblr-8629	615	16	strategies	strategy	NOUN
cblr-8629	615	17	.	.	PUNCT
cblr-8629	616	1	we	we	PRON
cblr-8629	616	2	demonstrate	demonstrate	VERB
cblr-8629	616	3	that	that	SCONJ
cblr-8629	616	4	the	the	DET
cblr-8629	616	5	potential	potential	NOUN
cblr-8629	616	6	of	of	ADP
cblr-8629	616	7	mutual	mutual	ADJ
cblr-8629	616	8	funds	fund	NOUN
cblr-8629	616	9	extends	extend	VERB
cblr-8629	616	10	further	far	ADV
cblr-8629	616	11	and	and	CCONJ
cblr-8629	616	12	provides	provide	VERB
cblr-8629	616	13	a	a	DET
cblr-8629	616	14	tool	tool	NOUN
cblr-8629	616	15	to	to	PART
cblr-8629	616	16	evaluate	evaluate	VERB
cblr-8629	616	17	corporate	corporate	ADJ
cblr-8629	616	18	governance	governance	NOUN
cblr-8629	616	19	practices	practice	NOUN
cblr-8629	616	20	.	.	PUNCT
cblr-8629	617	1	to	to	ADP
cblr-8629	617	2	the	the	DET
cblr-8629	617	3	extent	extent	NOUN
cblr-8629	617	4	that	that	SCONJ
cblr-8629	617	5	investor	investor	NOUN
cblr-8629	617	6	concerns	concern	NOUN
cblr-8629	617	7	over	over	ADP
cblr-8629	617	8	particular	particular	ADJ
cblr-8629	617	9	governance	governance	NOUN
cblr-8629	617	10	features	feature	NOUN
cblr-8629	617	11	are	be	AUX
cblr-8629	617	12	well	well	ADV
cblr-8629	617	13	-	-	PUNCT
cblr-8629	617	14	founded	found	VERB
cblr-8629	617	15	,	,	PUNCT
cblr-8629	617	16	the	the	DET
cblr-8629	617	17	returns	return	NOUN
cblr-8629	617	18	of	of	ADP
cblr-8629	617	19	governance	governance	NOUN
cblr-8629	617	20	funds	fund	NOUN
cblr-8629	617	21	enable	enable	VERB
cblr-8629	617	22	fund	fund	NOUN
cblr-8629	617	23	flows	flow	NOUN
cblr-8629	617	24	to	to	PART
cblr-8629	617	25	function	function	VERB
cblr-8629	617	26	as	as	ADP
cblr-8629	617	27	a	a	DET
cblr-8629	617	28	form	form	NOUN
cblr-8629	617	29	of	of	ADP
cblr-8629	617	30	synthetic	synthetic	ADJ
cblr-8629	617	31	governance	governance	NOUN
cblr-8629	617	32	.	.	PUNCT
cblr-8629	618	1	synthetic	synthetic	ADJ
cblr-8629	618	2	governance	governance	NOUN
cblr-8629	618	3	thus	thus	ADV
cblr-8629	618	4	ahn	ahn	PROPN
cblr-8629	618	5	et	et	PROPN
cblr-8629	618	6	al	al	PROPN
cblr-8629	618	7	.	.	PROPN
cblr-8629	619	1	8/20/2021	8/20/2021	NUM
cblr-8629	619	2	6:14	6:14	NUM
cblr-8629	619	3	pm	pm	NOUN
cblr-8629	619	4	no	no	NOUN
cblr-8629	619	5	.	.	PUNCT
cblr-8629	620	1	2:476	2:476	NUM
cblr-8629	620	2	]	]	X
cblr-8629	620	3	synthetic	synthetic	ADJ
cblr-8629	620	4	governance	governance	NOUN
cblr-8629	620	5	519	519	NUM
cblr-8629	620	6	creates	create	VERB
cblr-8629	620	7	a	a	DET
cblr-8629	620	8	neutral	neutral	ADJ
cblr-8629	620	9	arbiter	arbiter	NOUN
cblr-8629	620	10	of	of	ADP
cblr-8629	620	11	governance	governance	NOUN
cblr-8629	620	12	that	that	PRON
cblr-8629	620	13	can	can	AUX
cblr-8629	620	14	dictate	dictate	VERB
cblr-8629	620	15	preferred	preferred	ADJ
cblr-8629	620	16	provisions	provision	NOUN
cblr-8629	620	17	through	through	ADP
cblr-8629	620	18	capital	capital	NOUN
cblr-8629	620	19	allocation	allocation	NOUN
cblr-8629	620	20	.	.	PUNCT
cblr-8629	621	1	we	we	PRON
cblr-8629	621	2	illustrate	illustrate	VERB
cblr-8629	621	3	the	the	DET
cblr-8629	621	4	potential	potential	NOUN
cblr-8629	621	5	of	of	ADP
cblr-8629	621	6	synthetic	synthetic	ADJ
cblr-8629	621	7	governance	governance	NOUN
cblr-8629	621	8	by	by	ADP
cblr-8629	621	9	creating	create	VERB
cblr-8629	621	10	and	and	CCONJ
cblr-8629	621	11	evaluating	evaluate	VERB
cblr-8629	621	12	an	an	DET
cblr-8629	621	13	example	example	NOUN
cblr-8629	621	14	:	:	PUNCT
cblr-8629	621	15	the	the	DET
cblr-8629	621	16	dual	dual	ADJ
cblr-8629	621	17	index	index	NOUN
cblr-8629	621	18	.	.	PUNCT
cblr-8629	622	1	the	the	DET
cblr-8629	622	2	dual	dual	ADJ
cblr-8629	622	3	index	index	NOUN
cblr-8629	622	4	confirms	confirm	VERB
cblr-8629	622	5	that	that	SCONJ
cblr-8629	622	6	synthetic	synthetic	ADJ
cblr-8629	622	7	governance	governance	NOUN
cblr-8629	622	8	is	be	AUX
cblr-8629	622	9	a	a	DET
cblr-8629	622	10	viable	viable	ADJ
cblr-8629	622	11	and	and	CCONJ
cblr-8629	622	12	discrete	discrete	ADJ
cblr-8629	622	13	possibility	possibility	NOUN
cblr-8629	622	14	.	.	PUNCT
cblr-8629	623	1	it	it	PRON
cblr-8629	623	2	shows	show	VERB
cblr-8629	623	3	that	that	SCONJ
cblr-8629	623	4	,	,	PUNCT
cblr-8629	623	5	at	at	ADP
cblr-8629	623	6	least	least	ADJ
cblr-8629	623	7	on	on	ADP
cblr-8629	623	8	a	a	DET
cblr-8629	623	9	historical	historical	ADJ
cblr-8629	623	10	basis	basis	NOUN
cblr-8629	623	11	,	,	PUNCT
cblr-8629	623	12	a	a	DET
cblr-8629	623	13	synthetic	synthetic	ADJ
cblr-8629	623	14	index	index	NOUN
cblr-8629	623	15	of	of	ADP
cblr-8629	623	16	dual	dual	ADJ
cblr-8629	623	17	class	class	NOUN
cblr-8629	623	18	stock	stock	NOUN
cblr-8629	623	19	outperforms	outperform	VERB
cblr-8629	623	20	applicable	applicable	ADJ
cblr-8629	623	21	benchmarks	benchmark	NOUN
cblr-8629	623	22	.	.	PUNCT
cblr-8629	624	1	while	while	SCONJ
cblr-8629	624	2	this	this	DET
cblr-8629	624	3	outperformance	outperformance	NOUN
cblr-8629	624	4	might	might	AUX
cblr-8629	624	5	be	be	AUX
cblr-8629	624	6	attributable	attributable	ADJ
cblr-8629	624	7	to	to	ADP
cblr-8629	624	8	selection	selection	NOUN
cblr-8629	624	9	effects	effect	NOUN
cblr-8629	624	10	or	or	CCONJ
cblr-8629	624	11	the	the	DET
cblr-8629	624	12	enhanced	enhanced	ADJ
cblr-8629	624	13	protection	protection	NOUN
cblr-8629	624	14	dual	dual	ADJ
cblr-8629	624	15	class	class	NOUN
cblr-8629	624	16	provides	provide	VERB
cblr-8629	624	17	to	to	ADP
cblr-8629	624	18	a	a	DET
cblr-8629	624	19	founder	founder	NOUN
cblr-8629	624	20	’s	’s	PART
cblr-8629	624	21	idiosyncratic	idiosyncratic	ADJ
cblr-8629	624	22	vision	vision	NOUN
cblr-8629	624	23	,	,	PUNCT
cblr-8629	624	24	either	either	CCONJ
cblr-8629	624	25	way	way	NOUN
cblr-8629	624	26	,	,	PUNCT
cblr-8629	624	27	investors	investor	NOUN
cblr-8629	624	28	benefit	benefit	VERB
cblr-8629	624	29	from	from	ADP
cblr-8629	624	30	the	the	DET
cblr-8629	624	31	option	option	NOUN
cblr-8629	624	32	to	to	PART
cblr-8629	624	33	invest	invest	VERB
cblr-8629	624	34	in	in	ADP
cblr-8629	624	35	the	the	DET
cblr-8629	624	36	dual	dual	ADJ
cblr-8629	624	37	index	index	NOUN
cblr-8629	624	38	.	.	PUNCT
cblr-8629	625	1	while	while	SCONJ
cblr-8629	625	2	synthetic	synthetic	ADJ
cblr-8629	625	3	governance	governance	NOUN
cblr-8629	625	4	is	be	AUX
cblr-8629	625	5	unlikely	unlikely	ADJ
cblr-8629	625	6	to	to	PART
cblr-8629	625	7	end	end	VERB
cblr-8629	625	8	the	the	DET
cblr-8629	625	9	debate	debate	NOUN
cblr-8629	625	10	over	over	ADP
cblr-8629	625	11	which	which	PRON
cblr-8629	625	12	corporate	corporate	ADJ
cblr-8629	625	13	governance	governance	NOUN
cblr-8629	625	14	provisions	provision	NOUN
cblr-8629	625	15	enhance	enhance	VERB
cblr-8629	625	16	firm	firm	ADJ
cblr-8629	625	17	value	value	NOUN
cblr-8629	625	18	,	,	PUNCT
cblr-8629	625	19	it	it	PRON
cblr-8629	625	20	offers	offer	VERB
cblr-8629	625	21	a	a	DET
cblr-8629	625	22	practical	practical	ADJ
cblr-8629	625	23	market	market	NOUN
cblr-8629	625	24	-	-	PUNCT
cblr-8629	625	25	based	base	VERB
cblr-8629	625	26	response	response	NOUN
cblr-8629	625	27	as	as	ADP
cblr-8629	625	28	an	an	DET
cblr-8629	625	29	alternative	alternative	NOUN
cblr-8629	625	30	to	to	ADP
cblr-8629	625	31	broad	broad	ADV
cblr-8629	625	32	-	-	PUNCT
cblr-8629	625	33	based	base	VERB
cblr-8629	625	34	regulatory	regulatory	ADJ
cblr-8629	625	35	reforms	reform	NOUN
cblr-8629	625	36	.	.	PUNCT
cblr-8629	626	1	by	by	ADP
cblr-8629	626	2	facilitating	facilitate	VERB
cblr-8629	626	3	the	the	DET
cblr-8629	626	4	development	development	NOUN
cblr-8629	626	5	of	of	ADP
cblr-8629	626	6	customized	customized	ADJ
cblr-8629	626	7	index	index	NOUN
cblr-8629	626	8	products	product	NOUN
cblr-8629	626	9	,	,	PUNCT
cblr-8629	626	10	securities	security	NOUN
cblr-8629	626	11	regulation	regulation	NOUN
cblr-8629	626	12	thus	thus	ADV
cblr-8629	626	13	offers	offer	VERB
cblr-8629	626	14	a	a	DET
cblr-8629	626	15	path	path	NOUN
cblr-8629	626	16	forward	forward	ADV
cblr-8629	626	17	to	to	PART
cblr-8629	626	18	resolve	resolve	VERB
cblr-8629	626	19	what	what	PRON
cblr-8629	626	20	has	have	AUX
cblr-8629	626	21	previously	previously	ADV
cblr-8629	626	22	been	be	AUX
cblr-8629	626	23	a	a	DET
cblr-8629	626	24	logjam	logjam	NOUN
cblr-8629	626	25	in	in	ADP
cblr-8629	626	26	the	the	DET
cblr-8629	626	27	debates	debate	NOUN
cblr-8629	626	28	over	over	ADP
cblr-8629	626	29	the	the	DET
cblr-8629	626	30	efficacy	efficacy	NOUN
cblr-8629	626	31	of	of	ADP
cblr-8629	626	32	corporate	corporate	ADJ
cblr-8629	626	33	governance	governance	NOUN
cblr-8629	626	34	.	.	PUNCT
cblr-8629	627	1	our	our	PRON
cblr-8629	627	2	findings	finding	NOUN
cblr-8629	627	3	suggest	suggest	VERB
cblr-8629	627	4	a	a	DET
cblr-8629	627	5	role	role	NOUN
cblr-8629	627	6	for	for	ADP
cblr-8629	627	7	the	the	DET
cblr-8629	627	8	sec	sec	PROPN
cblr-8629	627	9	in	in	ADP
cblr-8629	627	10	fostering	foster	VERB
cblr-8629	627	11	but	but	CCONJ
cblr-8629	627	12	continuing	continue	VERB
cblr-8629	627	13	to	to	PART
cblr-8629	627	14	monitor	monitor	VERB
cblr-8629	627	15	innovation	innovation	NOUN
cblr-8629	627	16	which	which	PRON
cblr-8629	627	17	can	can	AUX
cblr-8629	627	18	provide	provide	VERB
cblr-8629	627	19	greater	great	ADJ
cblr-8629	627	20	utility	utility	NOUN
cblr-8629	627	21	to	to	ADP
cblr-8629	627	22	our	our	PRON
cblr-8629	627	23	capital	capital	NOUN
cblr-8629	627	24	markets	market	NOUN
cblr-8629	627	25	and	and	CCONJ
cblr-8629	627	26	enhance	enhance	VERB
cblr-8629	627	27	investors	investor	NOUN
cblr-8629	627	28	’	'	PUNCT
cblr-8629	627	29	opportunities	opportunity	NOUN
cblr-8629	627	30	for	for	ADP
cblr-8629	627	31	diversification	diversification	NOUN
cblr-8629	627	32	and	and	CCONJ
cblr-8629	627	33	growth	growth	NOUN
cblr-8629	627	34	.	.	PUNCT