id	sid	eid	entity	type
cjfa-20693	1	1	june 6, 2019	DATE
cjfa-20693	1	2	june 11, 2019	DATE
cjfa-20693	3	1	tianjin polytechnic university	ORG
cjfa-20693	3	2	300387	DATE
cjfa-20693	3	3	022-83956738	CARDINAL
cjfa-20693	5	1	592549106@qq.com	CARDINAL
cjfa-20693	5	2	tianjin polytechnic university	ORG
cjfa-20693	5	3	300387	DATE
cjfa-20693	5	4	022-83956738	CARDINAL
cjfa-20693	8	1	hailin	GPE
cjfa-20693	8	2	q., & jingxu	ORG
cjfa-20693	8	3	z.	PERSON
cjfa-20693	8	4	2019	DATE
cjfa-20693	10	1	china	GPE
cjfa-20693	11	1	copernican journal of finance & accounting	ORG
cjfa-20693	11	2	8(1	CARDINAL
cjfa-20693	11	3	59–101	CARDINAL
cjfa-20693	12	1	qin hailin	PERSON
cjfa-20693	12	2	tianjin polytechnic university	ORG
cjfa-20693	12	3	zhang jingxu**	PERSON
cjfa-20693	12	4	tianjin polytechnic university	ORG
cjfa-20693	13	1	china	GPE
cjfa-20693	14	1	j e l	PERSON
cjfa-20693	14	2	g3	ORG
cjfa-20693	15	1	chinese	NORP
cjfa-20693	15	2	2011was	CARDINAL
cjfa-20693	17	1	cocopernican journal of finance & accounting e-issn 2300-3065	ORG
cjfa-20693	17	2	2300-12402019	DATE
cjfa-20693	17	3	8	CARDINAL
cjfa-20693	17	4	1	CARDINAL
cjfa-20693	17	5	g qin hailin	PERSON
cjfa-20693	17	6	zhang jingxu60	PERSON
cjfa-20693	19	1	november 9, 2011	DATE
cjfa-20693	19	2	guo shuqing	PERSON
cjfa-20693	19	3	china securities regulatory commission	ORG
cjfa-20693	20	1	china	GPE
cjfa-20693	28	1	november 2011	DATE
cjfa-20693	29	1	61	CARDINAL
cjfa-20693	29	2	2007	DATE
cjfa-20693	29	3	2017	DATE
cjfa-20693	30	1	1	CARDINAL
cjfa-20693	30	2	nash	PERSON
cjfa-20693	30	3	2	CARDINAL
cjfa-20693	30	4	shanghai	GPE
cjfa-20693	30	5	shenzhen	GPE
cjfa-20693	30	6	3	CARDINAL
cjfa-20693	31	1	one	CARDINAL
cjfa-20693	32	1	miller	ORG
cjfa-20693	32	2	modigliani	PERSON
cjfa-20693	32	3	1961	DATE
cjfa-20693	37	1	1	CARDINAL
cjfa-20693	37	2	two	CARDINAL
cjfa-20693	37	3	hailin	GPE
cjfa-20693	37	4	zhang jingxu62 ernance	PERSON
cjfa-20693	37	5	one	CARDINAL
cjfa-20693	38	1	first	ORDINAL
cjfa-20693	40	1	yang hanming	PERSON
cjfa-20693	40	2	2008	DATE
cjfa-20693	41	1	2017	CARDINAL
cjfa-20693	44	1	liu yinguo	PERSON
cjfa-20693	44	2	zhang chen	PERSON
cjfa-20693	44	3	ruan sumei	PERSON
cjfa-20693	44	4	2014	DATE
cjfa-20693	45	1	liu xing	PERSON
cjfa-20693	45	2	li ning	PERSON
cjfa-20693	45	3	2016	DATE
cjfa-20693	46	1	wei zhihua	PERSON
cjfa-20693	46	2	li changqing	PERSON
cjfa-20693	46	3	wu yuhui	PERSON
cjfa-20693	46	4	huang jiajia	PERSON
cjfa-20693	46	5	2017	CARDINAL
cjfa-20693	46	6	first	ORDINAL
cjfa-20693	46	7	second	ORDINAL
cjfa-20693	47	1	xu haoran	PERSON
cjfa-20693	47	2	liao guanmin	PERSON
cjfa-20693	47	3	2018	DATE
cjfa-20693	47	4	chinese	NORP
cjfa-20693	47	5	chinese	NORP
cjfa-20693	47	6	the ministry of finance	ORG
cjfa-20693	48	1	second	ORDINAL
cjfa-20693	50	1	qiang guolin	PERSON
cjfa-20693	50	2	2014	DATE
cjfa-20693	52	1	qiang guolin	PERSON
cjfa-20693	52	2	li biao	PERSON
cjfa-20693	52	3	zhang ziwei	PERSON
cjfa-20693	52	4	2017	CARDINAL
cjfa-20693	53	1	xiao	PERSON
cjfa-20693	53	2	su zhongqin	PERSON
cjfa-20693	53	3	2012	DATE
cjfa-20693	53	4	63	CARDINAL
cjfa-20693	54	1	zhu tao	PERSON
cjfa-20693	54	2	wang deyou	PERSON
cjfa-20693	54	3	2007	DATE
cjfa-20693	54	4	2003	DATE
cjfa-20693	56	1	huang juanjuan	PERSON
cjfa-20693	56	2	shen yifeng	PERSON
cjfa-20693	56	3	2007	DATE
cjfa-20693	57	1	two	CARDINAL
cjfa-20693	57	2	one	CARDINAL
cjfa-20693	58	1	third	ORDINAL
cjfa-20693	59	1	third	ORDINAL
cjfa-20693	61	1	2	CARDINAL
cjfa-20693	62	1	2006	DATE
cjfa-20693	62	2	annual	DATE
cjfa-20693	62	3	the late three years	DATE
cjfa-20693	63	1	2008	DATE
cjfa-20693	63	2	no less than 30%	PERCENT
cjfa-20693	63	3	annual	DATE
cjfa-20693	63	4	the past three years	DATE
cjfa-20693	64	1	qin hailin	PERSON
cjfa-20693	64	2	zhang jingxu64	PERSON
cjfa-20693	65	1	wei zhihua	PERSON
cjfa-20693	65	2	li changqing	PERSON
cjfa-20693	65	3	wu yuhui	PERSON
cjfa-20693	65	4	huang jiajia	PERSON
cjfa-20693	65	5	2017	CARDINAL
cjfa-20693	66	1	november 9, 2011	DATE
cjfa-20693	66	2	guo shuqing	PERSON
cjfa-20693	68	1	li changqing	PERSON
cjfa-20693	68	2	wei zhihua	PERSON
cjfa-20693	68	3	wu shinong	PERSON
cjfa-20693	68	4	2010	DATE
cjfa-20693	69	1	chen yunling	PERSON
cjfa-20693	69	2	2014	DATE
cjfa-20693	72	1	yu guojie	PERSON
cjfa-20693	72	2	zhao yuyu	PERSON
cjfa-20693	72	3	2018	DATE
cjfa-20693	74	1	yang bao	PERSON
cjfa-20693	74	2	wanwei	PERSON
cjfa-20693	74	3	daisy chow	PERSON
cjfa-20693	74	4	2018	DATE
cjfa-20693	75	1	li jing	PERSON
cjfa-20693	75	2	jiang debo	PERSON
cjfa-20693	75	3	2017	CARDINAL
cjfa-20693	77	1	wei zhihua	PERSON
cjfa-20693	77	2	li maoliang	PERSON
cjfa-20693	77	3	li	PERSON
cjfa-20693	77	4	2014	DATE
cjfa-20693	78	1	liu xing	PERSON
cjfa-20693	78	2	li ning	PERSON
cjfa-20693	78	3	2016	DATE
cjfa-20693	79	1	xu haoran	PERSON
cjfa-20693	79	2	liao guanmin	PERSON
cjfa-20693	79	3	2018	DATE
cjfa-20693	79	4	second	ORDINAL
cjfa-20693	80	1	2012	DATE
cjfa-20693	80	2	chinese	NORP
cjfa-20693	81	1	wei zhihua	PERSON
cjfa-20693	81	2	li changqing	PERSON
cjfa-20693	81	3	wu yuhui	PERSON
cjfa-20693	81	4	huang jiajia	PERSON
cjfa-20693	81	5	2017	CARDINAL
cjfa-20693	84	1	china	GPE
cjfa-20693	85	1	two	CARDINAL
cjfa-20693	89	1	firstly	ORDINAL
cjfa-20693	90	1	secondly	ORDINAL
cjfa-20693	92	1	qin hailin	PERSON
cjfa-20693	92	2	jingxu66	ORG
cjfa-20693	103	1	first	ORDINAL
cjfa-20693	104	1	feng genfu	PERSON
cjfa-20693	104	2	zhao juehang	PERSON
cjfa-20693	104	3	2012	DATE
cjfa-20693	107	1	zhang lili	PERSON
cjfa-20693	107	2	2018	DATE
cjfa-20693	107	3	67	CARDINAL
cjfa-20693	107	4	shi yong	PERSON
cjfa-20693	107	5	li sihao	PERSON
cjfa-20693	107	6	2018	DATE
cjfa-20693	109	1	liu yinguo	PERSON
cjfa-20693	109	2	2008	DATE
cjfa-20693	112	1	secondly	ORDINAL
cjfa-20693	113	1	yang yi	PERSON
cjfa-20693	113	2	shen yifeng	PERSON
cjfa-20693	113	3	2004	DATE
cjfa-20693	114	1	third	ORDINAL
cjfa-20693	115	1	yang bao	PERSON
cjfa-20693	115	2	2014	DATE
cjfa-20693	115	3	first	ORDINAL
cjfa-20693	116	1	hu yaoting	PERSON
cjfa-20693	116	2	2017	CARDINAL
cjfa-20693	124	1	2008	DATE
cjfa-20693	125	1	that year	DATE
cjfa-20693	125	2	qin hailin	PERSON
cjfa-20693	125	3	zhang jingxu68	PERSON
cjfa-20693	126	1	liu yinguo	PERSON
cjfa-20693	126	2	zhang chen	PERSON
cjfa-20693	126	3	ruan sumei	PERSON
cjfa-20693	126	4	2014	DATE
cjfa-20693	127	1	wei zhihua	PERSON
cjfa-20693	127	2	li	PERSON
cjfa-20693	127	3	li	PERSON
cjfa-20693	127	4	2014	DATE
cjfa-20693	128	1	chen yan	PERSON
cjfa-20693	128	2	li xin	PERSON
cjfa-20693	128	3	li mengshun	PERSON
cjfa-20693	128	4	2015	CARDINAL
cjfa-20693	129	1	wang zhiqiang	PERSON
cjfa-20693	129	2	zhang weiting	PERSON
cjfa-20693	129	3	2012	DATE
cjfa-20693	130	1	yu yan	PERSON
cjfa-20693	130	2	wang chunfei	PERSON
cjfa-20693	130	3	2014	DATE
cjfa-20693	131	1	wei zhihua	PERSON
cjfa-20693	131	2	li changqing	PERSON
cjfa-20693	131	3	wu yuhui	PERSON
cjfa-20693	131	4	huang jiajia	PERSON
cjfa-20693	131	5	2017	CARDINAL
cjfa-20693	131	6	two	CARDINAL
cjfa-20693	138	1	69	CARDINAL
cjfa-20693	139	1	1	CARDINAL
cjfa-20693	140	1	2	CARDINAL
cjfa-20693	140	2	3	CARDINAL
cjfa-20693	141	1	three	CARDINAL
cjfa-20693	146	1	1	CARDINAL
cjfa-20693	148	1	firstly	ORDINAL
cjfa-20693	150	1	qin hailin	PERSON
cjfa-20693	150	2	zhang jingxu70	PERSON
cjfa-20693	151	1	secondly	ORDINAL
cjfa-20693	153	1	annual	DATE
cjfa-20693	156	1	2	CARDINAL
cjfa-20693	156	2	1	CARDINAL
cjfa-20693	157	1	α	PERSON
cjfa-20693	157	2	less than zero	CARDINAL
cjfa-20693	157	3	zero	CARDINAL
cjfa-20693	158	1	2	CARDINAL
cjfa-20693	158	2	one	CARDINAL
cjfa-20693	160	1	0	CARDINAL
cjfa-20693	164	1	3	CARDINAL
cjfa-20693	165	1	71	CARDINAL
cjfa-20693	167	1	1	CARDINAL
cjfa-20693	174	1	one	CARDINAL
cjfa-20693	174	2	2	CARDINAL
cjfa-20693	174	3	one	CARDINAL
cjfa-20693	174	4	one	CARDINAL
cjfa-20693	174	5	one	CARDINAL
cjfa-20693	175	1	4.	CARDINAL
cjfa-20693	175	2	1	CARDINAL
cjfa-20693	176	1	be2	PERSON
cjfa-20693	182	1	one	CARDINAL
cjfa-20693	183	1	1	CARDINAL
cjfa-20693	190	1	one	CARDINAL
cjfa-20693	190	2	2	CARDINAL
cjfa-20693	190	3	one	CARDINAL
cjfa-20693	190	4	one	CARDINAL
cjfa-20693	190	5	one	CARDINAL
cjfa-20693	191	1	4.	CARDINAL
cjfa-20693	191	2	2	CARDINAL
cjfa-20693	192	1	1	CARDINAL
cjfa-20693	199	1	one	CARDINAL
cjfa-20693	199	2	2	CARDINAL
cjfa-20693	199	3	one	CARDINAL
cjfa-20693	199	4	one	CARDINAL
cjfa-20693	199	5	one	CARDINAL
cjfa-20693	200	1	4.	CARDINAL
cjfa-20693	200	2	one	CARDINAL
cjfa-20693	200	3	one	CARDINAL
cjfa-20693	200	4	hailin	GPE
cjfa-20693	200	5	zhang jingxu72 ed value	PERSON
cjfa-20693	200	6	one	CARDINAL
cjfa-20693	201	1	4.	CARDINAL
cjfa-20693	201	2	1	CARDINAL
cjfa-20693	201	3	1	CARDINAL
cjfa-20693	201	4	1	CARDINAL
cjfa-20693	202	1	1	CARDINAL
cjfa-20693	205	1	1	CARDINAL
cjfa-20693	206	1	firstly	ORDINAL
cjfa-20693	206	2	0	CARDINAL
cjfa-20693	207	1	secondly	ORDINAL
cjfa-20693	208	1	two	CARDINAL
cjfa-20693	209	1	2	CARDINAL
cjfa-20693	209	2	two	CARDINAL
cjfa-20693	210	1	firstly	ORDINAL
cjfa-20693	211	1	ae −	ORG
cjfa-20693	211	2	o	DATE
cjfa-20693	213	1	1	CARDINAL
cjfa-20693	214	1	firstly	ORDINAL
cjfa-20693	214	2	0	CARDINAL
cjfa-20693	215	1	secondly	ORDINAL
cjfa-20693	216	1	two	CARDINAL
cjfa-20693	216	2	1	CARDINAL
cjfa-20693	216	3	1	CARDINAL
cjfa-20693	216	4	1	CARDINAL
cjfa-20693	221	1	1	CARDINAL
cjfa-20693	222	1	firstly	ORDINAL
cjfa-20693	222	2	0	CARDINAL
cjfa-20693	223	1	secondly	ORDINAL
cjfa-20693	224	1	two	CARDINAL
cjfa-20693	225	1	2	CARDINAL
cjfa-20693	225	2	two	CARDINAL
cjfa-20693	226	1	firstly	ORDINAL
cjfa-20693	227	1	ae −	ORG
cjfa-20693	227	2	1	CARDINAL
cjfa-20693	227	3	1	CARDINAL
cjfa-20693	227	4	1	CARDINAL
cjfa-20693	231	1	1	CARDINAL
cjfa-20693	232	1	firstly	ORDINAL
cjfa-20693	232	2	0	CARDINAL
cjfa-20693	233	1	secondly	ORDINAL
cjfa-20693	234	1	two	CARDINAL
cjfa-20693	235	1	2	CARDINAL
cjfa-20693	235	2	two	CARDINAL
cjfa-20693	236	1	firstly	ORDINAL
cjfa-20693	237	1	ae −	ORG
cjfa-20693	238	1	73	CARDINAL
cjfa-20693	238	2	1	CARDINAL
cjfa-20693	238	3	1	CARDINAL
cjfa-20693	239	1	1	CARDINAL
cjfa-20693	242	1	1	CARDINAL
cjfa-20693	243	1	firstly	ORDINAL
cjfa-20693	243	2	0	CARDINAL
cjfa-20693	244	1	secondly	ORDINAL
cjfa-20693	245	1	two	CARDINAL
cjfa-20693	246	1	2	CARDINAL
cjfa-20693	246	2	two	CARDINAL
cjfa-20693	247	1	firstly	ORDINAL
cjfa-20693	248	1	ae −	ORG
cjfa-20693	248	2	1	CARDINAL
cjfa-20693	248	3	1	CARDINAL
cjfa-20693	249	1	1	CARDINAL
cjfa-20693	252	1	1	CARDINAL
cjfa-20693	253	1	firstly	ORDINAL
cjfa-20693	253	2	0	CARDINAL
cjfa-20693	254	1	secondly	ORDINAL
cjfa-20693	255	1	two	CARDINAL
cjfa-20693	256	1	2	CARDINAL
cjfa-20693	256	2	two	CARDINAL
cjfa-20693	257	1	firstly	ORDINAL
cjfa-20693	258	1	ae −	ORG
cjfa-20693	258	2	1	CARDINAL
cjfa-20693	258	3	1	CARDINAL
cjfa-20693	259	1	1	CARDINAL
cjfa-20693	262	1	1	CARDINAL
cjfa-20693	263	1	firstly	ORDINAL
cjfa-20693	263	2	0	CARDINAL
cjfa-20693	264	1	secondly	ORDINAL
cjfa-20693	265	1	two	CARDINAL
cjfa-20693	266	1	2	CARDINAL
cjfa-20693	266	2	two	CARDINAL
cjfa-20693	267	1	firstly	ORDINAL
cjfa-20693	268	1	ae −	ORG
cjfa-20693	269	1	2	CARDINAL
cjfa-20693	269	2	two	CARDINAL
cjfa-20693	270	1	firstly	ORDINAL
cjfa-20693	271	1	ae − be2	ORG
cjfa-20693	272	1	secondly	ORDINAL
cjfa-20693	280	1	1	CARDINAL
cjfa-20693	283	1	first	ORDINAL
cjfa-20693	286	1	secondly	ORDINAL
cjfa-20693	289	1	secondly	ORDINAL
cjfa-20693	297	1	1	CARDINAL
cjfa-20693	300	1	first	ORDINAL
cjfa-20693	304	1	secondly	ORDINAL
cjfa-20693	312	1	1	CARDINAL
cjfa-20693	315	1	first	ORDINAL
cjfa-20693	318	1	1 + 	MONEY
cjfa-20693	318	2	longterm	ORG
cjfa-20693	319	1	3	CARDINAL
cjfa-20693	321	1	ae	ORG
cjfa-20693	323	1	1	CARDINAL
cjfa-20693	324	1	secondly	ORDINAL
cjfa-20693	332	1	1	CARDINAL
cjfa-20693	335	1	first	ORDINAL
cjfa-20693	338	1	4	CARDINAL
cjfa-20693	339	1	first	ORDINAL
cjfa-20693	339	2	qin hailin	PERSON
cjfa-20693	339	3	zhang jingxu74	PERSON
cjfa-20693	341	1	secondly	ORDINAL
cjfa-20693	349	1	1	CARDINAL
cjfa-20693	352	1	first	ORDINAL
cjfa-20693	357	1	secondly	ORDINAL
cjfa-20693	365	1	1	CARDINAL
cjfa-20693	368	1	first	ORDINAL
cjfa-20693	371	1	4	CARDINAL
cjfa-20693	371	2	1	CARDINAL
cjfa-20693	372	1	4	CARDINAL
cjfa-20693	372	2	1)equilibrium	CARDINAL
cjfa-20693	373	1	1	CARDINAL
cjfa-20693	373	2	3	CARDINAL
cjfa-20693	373	3	1	CARDINAL
cjfa-20693	374	1	5	CARDINAL
cjfa-20693	374	2	nash	PERSON
cjfa-20693	375	1	5	CARDINAL
cjfa-20693	375	2	2)equilibrium	CARDINAL
cjfa-20693	375	3	1	CARDINAL
cjfa-20693	375	4	1	CARDINAL
cjfa-20693	375	5	6	CARDINAL
cjfa-20693	375	6	1	CARDINAL
cjfa-20693	375	7	1	CARDINAL
cjfa-20693	375	8	nash	PERSON
cjfa-20693	376	1	1	CARDINAL
cjfa-20693	377	1	8	CARDINAL
cjfa-20693	377	2	3)nash	CARDINAL
cjfa-20693	377	3	3	CARDINAL
cjfa-20693	377	4	5	CARDINAL
cjfa-20693	377	5	nash	PERSON
cjfa-20693	378	1	1	CARDINAL
cjfa-20693	378	2	3	CARDINAL
cjfa-20693	378	3	4	CARDINAL
cjfa-20693	378	4	1)equilibrium	CARDINAL
cjfa-20693	380	1	1	CARDINAL
cjfa-20693	380	2	3	CARDINAL
cjfa-20693	380	3	1	CARDINAL
cjfa-20693	381	1	5	CARDINAL
cjfa-20693	381	2	nash	PERSON
cjfa-20693	382	1	5	CARDINAL
cjfa-20693	382	2	2)equilibrium	CARDINAL
cjfa-20693	382	3	1	CARDINAL
cjfa-20693	382	4	1	CARDINAL
cjfa-20693	382	5	6	CARDINAL
cjfa-20693	382	6	1	CARDINAL
cjfa-20693	382	7	1	CARDINAL
cjfa-20693	382	8	nash	PERSON
cjfa-20693	383	1	1	CARDINAL
cjfa-20693	384	1	8	CARDINAL
cjfa-20693	384	2	3)nash	CARDINAL
cjfa-20693	384	3	3	CARDINAL
cjfa-20693	384	4	5	CARDINAL
cjfa-20693	384	5	nash	PERSON
cjfa-20693	385	1	1	CARDINAL
cjfa-20693	385	2	4	CARDINAL
cjfa-20693	386	1	algebraic operations	PERSON
cjfa-20693	386	2	4	CARDINAL
cjfa-20693	386	3	1)equilibrium	CARDINAL
cjfa-20693	387	1	1	CARDINAL
cjfa-20693	387	2	3	CARDINAL
cjfa-20693	387	3	1	CARDINAL
cjfa-20693	388	1	5	CARDINAL
cjfa-20693	388	2	nash	PERSON
cjfa-20693	389	1	5	CARDINAL
cjfa-20693	389	2	2)equilibrium	CARDINAL
cjfa-20693	389	3	1	CARDINAL
cjfa-20693	389	4	1	CARDINAL
cjfa-20693	389	5	6	CARDINAL
cjfa-20693	389	6	1	CARDINAL
cjfa-20693	389	7	1	CARDINAL
cjfa-20693	389	8	nash	PERSON
cjfa-20693	390	1	1	CARDINAL
cjfa-20693	391	1	8	CARDINAL
cjfa-20693	391	2	3)nash	CARDINAL
cjfa-20693	391	3	3	CARDINAL
cjfa-20693	391	4	5	CARDINAL
cjfa-20693	391	5	nash	PERSON
cjfa-20693	392	1	1	CARDINAL
cjfa-20693	393	1	5	CARDINAL
cjfa-20693	393	2	75	CARDINAL
cjfa-20693	393	3	nash	PERSON
cjfa-20693	394	1	5	CARDINAL
cjfa-20693	394	2	2	CARDINAL
cjfa-20693	394	3	4	CARDINAL
cjfa-20693	394	4	1)equilibrium	CARDINAL
cjfa-20693	395	1	1	CARDINAL
cjfa-20693	395	2	3	CARDINAL
cjfa-20693	395	3	1	CARDINAL
cjfa-20693	396	1	5	CARDINAL
cjfa-20693	396	2	nash	PERSON
cjfa-20693	397	1	5	CARDINAL
cjfa-20693	397	2	2)equilibrium	CARDINAL
cjfa-20693	397	3	1	CARDINAL
cjfa-20693	397	4	1	CARDINAL
cjfa-20693	397	5	6	CARDINAL
cjfa-20693	397	6	1	CARDINAL
cjfa-20693	397	7	1	CARDINAL
cjfa-20693	397	8	nash	PERSON
cjfa-20693	398	1	1	CARDINAL
cjfa-20693	399	1	8	CARDINAL
cjfa-20693	399	2	3)nash	CARDINAL
cjfa-20693	399	3	3	CARDINAL
cjfa-20693	399	4	5	CARDINAL
cjfa-20693	399	5	nash	PERSON
cjfa-20693	400	1	1	CARDINAL
cjfa-20693	400	2	6	CARDINAL
cjfa-20693	400	3	4	CARDINAL
cjfa-20693	400	4	1)equilibrium	CARDINAL
cjfa-20693	401	1	1	CARDINAL
cjfa-20693	401	2	3	CARDINAL
cjfa-20693	401	3	1	CARDINAL
cjfa-20693	402	1	5	CARDINAL
cjfa-20693	402	2	nash	PERSON
cjfa-20693	403	1	5	CARDINAL
cjfa-20693	403	2	2)equilibrium	CARDINAL
cjfa-20693	403	3	1	CARDINAL
cjfa-20693	403	4	1	CARDINAL
cjfa-20693	403	5	6	CARDINAL
cjfa-20693	403	6	1	CARDINAL
cjfa-20693	403	7	1	CARDINAL
cjfa-20693	403	8	nash	PERSON
cjfa-20693	404	1	1	CARDINAL
cjfa-20693	405	1	8	CARDINAL
cjfa-20693	405	2	3)nash	CARDINAL
cjfa-20693	405	3	3	CARDINAL
cjfa-20693	405	4	5	CARDINAL
cjfa-20693	405	5	nash	PERSON
cjfa-20693	406	1	1	CARDINAL
cjfa-20693	406	2	7	CARDINAL
cjfa-20693	406	3	nash	PERSON
cjfa-20693	407	1	4	CARDINAL
cjfa-20693	407	2	1)equilibrium	CARDINAL
cjfa-20693	408	1	1	CARDINAL
cjfa-20693	408	2	3	CARDINAL
cjfa-20693	408	3	1	CARDINAL
cjfa-20693	409	1	5	CARDINAL
cjfa-20693	409	2	nash	PERSON
cjfa-20693	410	1	5	CARDINAL
cjfa-20693	410	2	2)equilibrium	CARDINAL
cjfa-20693	410	3	1	CARDINAL
cjfa-20693	410	4	1	CARDINAL
cjfa-20693	410	5	6	CARDINAL
cjfa-20693	410	6	1	CARDINAL
cjfa-20693	410	7	1	CARDINAL
cjfa-20693	410	8	nash	PERSON
cjfa-20693	411	1	1	CARDINAL
cjfa-20693	412	1	8	CARDINAL
cjfa-20693	412	2	3)nash	CARDINAL
cjfa-20693	412	3	3	CARDINAL
cjfa-20693	412	4	5	CARDINAL
cjfa-20693	412	5	nash	PERSON
cjfa-20693	413	1	1	CARDINAL
cjfa-20693	413	2	8)	CARDINAL
cjfa-20693	413	3	3	CARDINAL
cjfa-20693	413	4	nash	PERSON
cjfa-20693	413	5	3	CARDINAL
cjfa-20693	413	6	5	CARDINAL
cjfa-20693	413	7	nash	PERSON
cjfa-20693	414	1	4	CARDINAL
cjfa-20693	414	2	1)equilibrium	CARDINAL
cjfa-20693	416	1	1	CARDINAL
cjfa-20693	416	2	3	CARDINAL
cjfa-20693	416	3	1	CARDINAL
cjfa-20693	417	1	5	CARDINAL
cjfa-20693	417	2	nash	PERSON
cjfa-20693	418	1	5	CARDINAL
cjfa-20693	418	2	2)equilibrium	CARDINAL
cjfa-20693	418	3	1	CARDINAL
cjfa-20693	418	4	1	CARDINAL
cjfa-20693	418	5	6	CARDINAL
cjfa-20693	418	6	1	CARDINAL
cjfa-20693	418	7	1	CARDINAL
cjfa-20693	418	8	nash	PERSON
cjfa-20693	419	1	1	CARDINAL
cjfa-20693	420	1	8	CARDINAL
cjfa-20693	420	2	3)nash	CARDINAL
cjfa-20693	420	3	3	CARDINAL
cjfa-20693	420	4	5	CARDINAL
cjfa-20693	420	5	nash	PERSON
cjfa-20693	421	1	1	CARDINAL
cjfa-20693	421	2	1	CARDINAL
cjfa-20693	421	3	nash	PERSON
cjfa-20693	422	1	qin hailin	PERSON
cjfa-20693	422	2	jingxu76	GPE
cjfa-20693	422	3	1	CARDINAL
cjfa-20693	422	4	nash	PERSON
cjfa-20693	424	1	9	CARDINAL
cjfa-20693	424	2	first	ORDINAL
cjfa-20693	424	3	10	CARDINAL
cjfa-20693	425	1	nash	PERSON
cjfa-20693	427	1	first	ORDINAL
cjfa-20693	428	1	11	CARDINAL
cjfa-20693	431	1	9	CARDINAL
cjfa-20693	432	1	first	ORDINAL
cjfa-20693	434	1	1	CARDINAL
cjfa-20693	434	2	nash	PERSON
cjfa-20693	436	1	9	CARDINAL
cjfa-20693	436	2	first	ORDINAL
cjfa-20693	436	3	10	CARDINAL
cjfa-20693	437	1	nash	PERSON
cjfa-20693	439	1	first	ORDINAL
cjfa-20693	440	1	11	CARDINAL
cjfa-20693	443	1	10	CARDINAL
cjfa-20693	444	1	nash	PERSON
cjfa-20693	446	1	first	ORDINAL
cjfa-20693	447	1	1	CARDINAL
cjfa-20693	447	2	nash	PERSON
cjfa-20693	449	1	9	CARDINAL
cjfa-20693	449	2	first	ORDINAL
cjfa-20693	449	3	10	CARDINAL
cjfa-20693	450	1	nash	PERSON
cjfa-20693	452	1	first	ORDINAL
cjfa-20693	453	1	11	CARDINAL
cjfa-20693	456	1	11	CARDINAL
cjfa-20693	460	1	12	CARDINAL
cjfa-20693	463	1	first	ORDINAL
cjfa-20693	464	1	13	CARDINAL
cjfa-20693	464	2	first	ORDINAL
cjfa-20693	466	1	r.	NORP
cjfa-20693	468	1	first	ORDINAL
cjfa-20693	470	1	14	CARDINAL
cjfa-20693	470	2	14	CARDINAL
cjfa-20693	472	1	12	CARDINAL
cjfa-20693	475	1	first	ORDINAL
cjfa-20693	476	1	13	CARDINAL
cjfa-20693	476	2	first	ORDINAL
cjfa-20693	478	1	r.	NORP
cjfa-20693	480	1	first	ORDINAL
cjfa-20693	482	1	14	CARDINAL
cjfa-20693	482	2	14	CARDINAL
cjfa-20693	483	1	12	CARDINAL
cjfa-20693	484	1	12	CARDINAL
cjfa-20693	487	1	first	ORDINAL
cjfa-20693	488	1	13	CARDINAL
cjfa-20693	488	2	first	ORDINAL
cjfa-20693	490	1	r.	NORP
cjfa-20693	492	1	first	ORDINAL
cjfa-20693	494	1	14	CARDINAL
cjfa-20693	494	2	14	CARDINAL
cjfa-20693	498	1	first	ORDINAL
cjfa-20693	500	1	12	CARDINAL
cjfa-20693	503	1	first	ORDINAL
cjfa-20693	504	1	13	CARDINAL
cjfa-20693	504	2	first	ORDINAL
cjfa-20693	506	1	r.	NORP
cjfa-20693	508	1	first	ORDINAL
cjfa-20693	510	1	14	CARDINAL
cjfa-20693	510	2	14	CARDINAL
cjfa-20693	511	1	13	CARDINAL
cjfa-20693	511	2	first	ORDINAL
cjfa-20693	513	1	r.	NORP
cjfa-20693	515	1	first	ORDINAL
cjfa-20693	516	1	qin hailin	PERSON
cjfa-20693	516	2	zhang jingxu78	PERSON
cjfa-20693	517	1	12	CARDINAL
cjfa-20693	520	1	first	ORDINAL
cjfa-20693	521	1	13	CARDINAL
cjfa-20693	521	2	first	ORDINAL
cjfa-20693	523	1	r.	NORP
cjfa-20693	525	1	first	ORDINAL
cjfa-20693	527	1	14	CARDINAL
cjfa-20693	527	2	14	CARDINAL
cjfa-20693	528	1	14	CARDINAL
cjfa-20693	528	2	14	CARDINAL
cjfa-20693	531	1	5	CARDINAL
cjfa-20693	531	2	first	ORDINAL
cjfa-20693	532	1	secondly	ORDINAL
cjfa-20693	532	2	10)–(12	CARDINAL
cjfa-20693	538	1	13	CARDINAL
cjfa-20693	538	2	14	CARDINAL
cjfa-20693	539	1	79	CARDINAL
cjfa-20693	541	1	0	CARDINAL
cjfa-20693	543	1	1	CARDINAL
cjfa-20693	543	2	1	CARDINAL
cjfa-20693	549	1	november 9, 2011	DATE
cjfa-20693	549	2	guo shuqing	PERSON
cjfa-20693	550	1	november 9, 2011	DATE
cjfa-20693	550	2	2012	DATE
cjfa-20693	550	3	2015	DATE
cjfa-20693	550	4	2017	DATE
cjfa-20693	550	5	about 80%	PERCENT
cjfa-20693	552	1	1	CARDINAL
cjfa-20693	552	2	qin hailin	PERSON
cjfa-20693	552	3	zhang jingxu80	PERSON
cjfa-20693	558	1	november 9, 2011	DATE
cjfa-20693	558	2	guo shuqing	PERSON
cjfa-20693	559	1	november 9, 2011	DATE
cjfa-20693	559	2	2012	DATE
cjfa-20693	559	3	2015	DATE
cjfa-20693	559	4	2017	DATE
cjfa-20693	559	5	about 80%	PERCENT
cjfa-20693	561	1	1	CARDINAL
cjfa-20693	561	2	15	CARDINAL
cjfa-20693	561	3	three consecutive years	DATE
cjfa-20693	561	4	first	ORDINAL
cjfa-20693	562	1	1	CARDINAL
cjfa-20693	562	2	0	CARDINAL
cjfa-20693	562	3	0	CARDINAL
cjfa-20693	562	4	1	CARDINAL
cjfa-20693	563	1	2	CARDINAL
cjfa-20693	563	2	6141 10312 16453	DATE
cjfa-20693	569	1	november 9, 2011	DATE
cjfa-20693	569	2	guo shuqing	PERSON
cjfa-20693	570	1	november 9, 2011	DATE
cjfa-20693	570	2	2012	DATE
cjfa-20693	570	3	2015	DATE
cjfa-20693	570	4	2017	DATE
cjfa-20693	570	5	about 80%	PERCENT
cjfa-20693	572	1	1	CARDINAL
cjfa-20693	572	2	15	CARDINAL
cjfa-20693	572	3	three consecutive years	DATE
cjfa-20693	572	4	first	ORDINAL
cjfa-20693	573	1	1	CARDINAL
cjfa-20693	573	2	0	CARDINAL
cjfa-20693	573	3	0	CARDINAL
cjfa-20693	573	4	1	CARDINAL
cjfa-20693	574	1	2	CARDINAL
cjfa-20693	574	2	6141 10312 16453	DATE
cjfa-20693	580	1	november 9, 2011	DATE
cjfa-20693	580	2	guo shuqing	PERSON
cjfa-20693	581	1	november 9, 2011	DATE
cjfa-20693	581	2	2012	DATE
cjfa-20693	581	3	2015	DATE
cjfa-20693	581	4	2017	DATE
cjfa-20693	581	5	about 80%	PERCENT
cjfa-20693	583	1	1	CARDINAL
cjfa-20693	583	2	15	CARDINAL
cjfa-20693	583	3	three consecutive years	DATE
cjfa-20693	583	4	first	ORDINAL
cjfa-20693	584	1	1	CARDINAL
cjfa-20693	584	2	0	CARDINAL
cjfa-20693	584	3	0	CARDINAL
cjfa-20693	584	4	1	CARDINAL
cjfa-20693	585	1	2	CARDINAL
cjfa-20693	585	2	6141 10312 16453	DATE
cjfa-20693	591	1	november 9, 2011	DATE
cjfa-20693	591	2	guo shuqing	PERSON
cjfa-20693	592	1	november 9, 2011	DATE
cjfa-20693	592	2	2012	DATE
cjfa-20693	592	3	2015	DATE
cjfa-20693	592	4	2017	DATE
cjfa-20693	592	5	about 80%	PERCENT
cjfa-20693	594	1	1	CARDINAL
cjfa-20693	594	2	15	CARDINAL
cjfa-20693	594	3	three consecutive years	DATE
cjfa-20693	594	4	first	ORDINAL
cjfa-20693	595	1	1	CARDINAL
cjfa-20693	595	2	0	CARDINAL
cjfa-20693	595	3	0	CARDINAL
cjfa-20693	595	4	1	CARDINAL
cjfa-20693	596	1	2	CARDINAL
cjfa-20693	596	2	6141 10312 16453	DATE
cjfa-20693	596	3	15	CARDINAL
cjfa-20693	596	4	three consecutive years	DATE
cjfa-20693	596	5	first	ORDINAL
cjfa-20693	597	1	1	CARDINAL
cjfa-20693	597	2	0	CARDINAL
cjfa-20693	597	3	0	CARDINAL
cjfa-20693	597	4	1	CARDINAL
cjfa-20693	598	1	2	CARDINAL
cjfa-20693	598	2	6141 10312 16453	DATE
cjfa-20693	598	3	1345 5001 6346	DATE
cjfa-20693	598	4	7486 15313	DATE
cjfa-20693	598	5	china	GPE
cjfa-20693	599	1	2	CARDINAL
cjfa-20693	599	2	one	CARDINAL
cjfa-20693	603	1	81	CARDINAL
cjfa-20693	603	2	3	CARDINAL
cjfa-20693	603	3	2010 2011 2012	DATE
cjfa-20693	603	4	2013 2014 2015–2017	DATE
cjfa-20693	605	1	23129	DATE
cjfa-20693	605	2	23129	DATE
cjfa-20693	606	1	china	GPE
cjfa-20693	607	1	3	CARDINAL
cjfa-20693	607	2	before2	PERSON
cjfa-20693	608	1	the current year	DATE
cjfa-20693	608	2	the year	DATE
cjfa-20693	608	3	the remaining three years	DATE
cjfa-20693	608	4	after2	PERSON
cjfa-20693	608	5	1%	PERCENT
cjfa-20693	609	1	the two years	DATE
cjfa-20693	609	2	after2	PERSON
cjfa-20693	609	3	5%	PERCENT
cjfa-20693	612	1	2	CARDINAL
cjfa-20693	612	2	1	CARDINAL
cjfa-20693	613	1	wei zhihua	PERSON
cjfa-20693	613	2	wu yuhui	PERSON
cjfa-20693	613	3	li	PERSON
cjfa-20693	613	4	2012	DATE
cjfa-20693	615	1	2	CARDINAL
cjfa-20693	615	2	november 9, 2011	DATE
cjfa-20693	615	3	2012	DATE
cjfa-20693	615	4	1	CARDINAL
cjfa-20693	616	1	qin hailin	PERSON
cjfa-20693	616	2	zhang jingxu82	ORG
cjfa-20693	617	1	3	CARDINAL
cjfa-20693	617	2	4	CARDINAL
cjfa-20693	617	3	roe lev sh1 roa	ORG
cjfa-20693	617	4	two	CARDINAL
cjfa-20693	617	5	three consecutive years	DATE
cjfa-20693	617	6	1	CARDINAL
cjfa-20693	617	7	0	CARDINAL
cjfa-20693	618	1	1	CARDINAL
cjfa-20693	618	2	2012	DATE
cjfa-20693	618	3	0	CARDINAL
cjfa-20693	618	4	1	CARDINAL
cjfa-20693	618	5	0	CARDINAL
cjfa-20693	619	1	1	CARDINAL
cjfa-20693	619	2	0	CARDINAL
cjfa-20693	620	1	1	CARDINAL
cjfa-20693	620	2	0	CARDINAL
cjfa-20693	620	3	2007	DATE
cjfa-20693	620	4	2017	CARDINAL
cjfa-20693	620	5	1	CARDINAL
cjfa-20693	620	6	o	DATE
cjfa-20693	620	7	china	GPE
cjfa-20693	621	1	3	CARDINAL
cjfa-20693	621	2	5	CARDINAL
cjfa-20693	622	1	the 11 years	DATE
cjfa-20693	622	2	only 0.08	CARDINAL
cjfa-20693	624	1	11	CARDINAL
cjfa-20693	625	1	0.96	CARDINAL
cjfa-20693	625	2	0.18	CARDINAL
cjfa-20693	625	3	two	CARDINAL
cjfa-20693	626	1	83	CARDINAL
cjfa-20693	629	1	8%	PERCENT
cjfa-20693	629	2	0.99	CARDINAL
cjfa-20693	631	1	first	ORDINAL
cjfa-20693	631	2	36%	PERCENT
cjfa-20693	631	3	china	GPE
cjfa-20693	632	1	5	CARDINAL
cjfa-20693	632	2	max	PERSON
cjfa-20693	632	3	36135	CARDINAL
cjfa-20693	632	4	0.08 0.08 0.08 0.18	QUANTITY
cjfa-20693	632	5	0.99 11 roa 30595	DATE
cjfa-20693	632	6	0.10 0.09 0.08 -0.77 1.79	QUANTITY
cjfa-20693	632	7	0.14 0.24 0.11 -28.29 11.81	QUANTITY
cjfa-20693	632	8	0.44 0.20	CARDINAL
cjfa-20693	632	9	0.15 0.34	CARDINAL
cjfa-20693	632	10	302.7 capex	MONEY
cjfa-20693	632	11	30326	DATE
cjfa-20693	633	1	0.68	CARDINAL
cjfa-20693	633	2	30571	DATE
cjfa-20693	633	3	1.69 3.35 1.24 -17.78 301.7	QUANTITY
cjfa-20693	633	4	36135	DATE
cjfa-20693	633	5	0.30 0.46	QUANTITY
cjfa-20693	633	6	1	CARDINAL
cjfa-20693	633	7	0.18 0.15 0.14 -0.16 0.96	QUANTITY
cjfa-20693	633	8	2.93 0.30 2.94	QUANTITY
cjfa-20693	633	9	1.10 4.09	CARDINAL
cjfa-20693	633	10	36135	DATE
cjfa-20693	633	11	0.22 0.41	QUANTITY
cjfa-20693	633	12	0 1	CARDINAL
cjfa-20693	633	13	12.78	CARDINAL
cjfa-20693	633	14	china	GPE
cjfa-20693	634	1	4	CARDINAL
cjfa-20693	634	2	shanghai	GPE
cjfa-20693	634	3	shenzhen	GPE
cjfa-20693	634	4	2007	DATE
cjfa-20693	634	5	2017	DATE
cjfa-20693	634	6	2018	DATE
cjfa-20693	634	7	qin hailin	PERSON
cjfa-20693	634	8	zhang jingxu84	PERSON
cjfa-20693	635	1	36153	CARDINAL
cjfa-20693	637	1	stata13.0	ORG
cjfa-20693	638	1	november 9, 2011	DATE
cjfa-20693	638	2	2012	DATE
cjfa-20693	638	3	2012	DATE
cjfa-20693	638	4	2012	DATE
cjfa-20693	640	1	1	CARDINAL
cjfa-20693	640	2	6	CARDINAL
cjfa-20693	640	3	shanghai	GPE
cjfa-20693	640	4	shenzhen	GPE
cjfa-20693	640	5	2007	DATE
cjfa-20693	640	6	2017	CARDINAL
cjfa-20693	640	7	year	DATE
cjfa-20693	640	8	year	DATE
cjfa-20693	641	1	2015	DATE
cjfa-20693	641	2	2016	DATE
cjfa-20693	641	3	70%	PERCENT
cjfa-20693	641	4	80%	PERCENT
cjfa-20693	641	5	2015	DATE
cjfa-20693	642	1	about 30%	PERCENT
cjfa-20693	642	2	2012	DATE
cjfa-20693	642	3	41%	PERCENT
cjfa-20693	644	1	chinese	NORP
cjfa-20693	645	1	1	CARDINAL
cjfa-20693	646	1	85	CARDINAL
cjfa-20693	646	2	6	CARDINAL
cjfa-20693	647	1	shanghai	GPE
cjfa-20693	647	2	shenzhen	GPE
cjfa-20693	647	3	2007	DATE
cjfa-20693	647	4	2017 accounting	DATE
cjfa-20693	647	5	2007	DATE
cjfa-20693	647	6	2009	DATE
cjfa-20693	647	7	2010 2011 2012	DATE
cjfa-20693	647	8	2013 2014	DATE
cjfa-20693	647	9	2015	DATE
cjfa-20693	647	10	735	CARDINAL
cjfa-20693	648	1	21 23 28	DATE
cjfa-20693	648	2	69 80	DATE
cjfa-20693	648	3	0.16 0.15 0.16	MONEY
cjfa-20693	648	4	0.37 0.43	MONEY
cjfa-20693	648	5	0.36	CARDINAL
cjfa-20693	648	6	o	DATE
cjfa-20693	648	7	china	GPE
cjfa-20693	649	1	2	CARDINAL
cjfa-20693	649	2	1	CARDINAL
cjfa-20693	649	3	2	CARDINAL
cjfa-20693	650	1	7	CARDINAL
cjfa-20693	650	2	7	CARDINAL
cjfa-20693	651	1	1	CARDINAL
cjfa-20693	651	2	1%	PERCENT
cjfa-20693	654	1	2	CARDINAL
cjfa-20693	654	2	two	CARDINAL
cjfa-20693	654	3	0.0117	CARDINAL
cjfa-20693	654	4	1%	PERCENT
cjfa-20693	655	1	two	CARDINAL
cjfa-20693	655	2	qin hailin	PERSON
cjfa-20693	655	3	zhang jingxu86	PERSON
cjfa-20693	657	1	2012	DATE
cjfa-20693	658	1	7	CARDINAL
cjfa-20693	659	1	1	CARDINAL
cjfa-20693	659	2	2	CARDINAL
cjfa-20693	659	3	3	CARDINAL
cjfa-20693	659	4	law*treat -0.0043**	PERSON
cjfa-20693	661	1	0.0167	CARDINAL
cjfa-20693	661	2	0.0175	CARDINAL
cjfa-20693	661	3	8.3261	CARDINAL
cjfa-20693	661	4	8.7498	CARDINAL
cjfa-20693	661	5	0.0188	CARDINAL
cjfa-20693	661	6	0.0157	CARDINAL
cjfa-20693	661	7	0.0142	CARDINAL
cjfa-20693	661	8	9.2095	CARDINAL
cjfa-20693	661	9	6.6637	CARDINAL
cjfa-20693	661	10	5.9801	CARDINAL
cjfa-20693	665	1	sh1 -0.0475	PERSON
cjfa-20693	667	1	0.0091	CARDINAL
cjfa-20693	667	2	87	CARDINAL
cjfa-20693	667	3	1	CARDINAL
cjfa-20693	667	4	2	CARDINAL
cjfa-20693	667	5	3	CARDINAL
cjfa-20693	667	6	8.5294	ORG
cjfa-20693	667	7	0.0216	CARDINAL
cjfa-20693	667	8	5.9857	CARDINAL
cjfa-20693	667	9	0.0035	CARDINAL
cjfa-20693	667	10	1.8419	CARDINAL
cjfa-20693	667	11	0.0020	CARDINAL
cjfa-20693	667	12	1.9084	CARDINAL
cjfa-20693	667	13	15.5302	CARDINAL
cjfa-20693	667	14	0.0806	CARDINAL
cjfa-20693	667	15	0.1660	CARDINAL
cjfa-20693	667	16	26.7714	CARDINAL
cjfa-20693	667	17	43.1766	CARDINAL
cjfa-20693	667	18	20.2600) year	DATE
cjfa-20693	667	19	30,468	CARDINAL
cjfa-20693	667	20	22,799	CARDINAL
cjfa-20693	667	21	0.1743 0.2600	MONEY
cjfa-20693	668	1	214.2	CARDINAL
cjfa-20693	668	2	228.6 213.4	CARDINAL
cjfa-20693	669	1	o	DATE
cjfa-20693	669	2	china	GPE
cjfa-20693	669	3	14.0	CARDINAL
cjfa-20693	670	1	8	CARDINAL
cjfa-20693	670	2	8	CARDINAL
cjfa-20693	670	3	0.134	CARDINAL
cjfa-20693	670	4	0.154	CARDINAL
cjfa-20693	671	1	0.019	CARDINAL
cjfa-20693	671	2	two	CARDINAL
cjfa-20693	671	3	1%	PERCENT
cjfa-20693	673	1	0.156	CARDINAL
cjfa-20693	673	2	0.15	CARDINAL
cjfa-20693	674	1	7	CARDINAL
cjfa-20693	675	1	qin hailin	PERSON
cjfa-20693	675	2	zhang jingxu88	PERSON
cjfa-20693	676	1	1%	PERCENT
cjfa-20693	677	1	1.3%	PERCENT
cjfa-20693	678	1	2	CARDINAL
cjfa-20693	679	1	8	CARDINAL
cjfa-20693	680	1	0	CARDINAL
cjfa-20693	680	2	1	CARDINAL
cjfa-20693	680	3	0.134	CARDINAL
cjfa-20693	680	4	8.12	CARDINAL
cjfa-20693	680	5	0.150 0.156 0.006	QUANTITY
cjfa-20693	680	6	4.89	CARDINAL
cjfa-20693	680	7	4.57	CARDINAL
cjfa-20693	681	1	o	DATE
cjfa-20693	681	2	china	GPE
cjfa-20693	681	3	14.0	CARDINAL
cjfa-20693	682	1	3	CARDINAL
cjfa-20693	684	1	9	CARDINAL
cjfa-20693	684	2	9	CARDINAL
cjfa-20693	685	1	360	CARDINAL
cjfa-20693	685	2	3549 3864 5073	CARDINAL
cjfa-20693	685	3	22	CARDINAL
cjfa-20693	685	4	183	CARDINAL
cjfa-20693	685	5	1323	CARDINAL
cjfa-20693	685	6	884	CARDINAL
cjfa-20693	685	7	2846	CARDINAL
cjfa-20693	685	8	382 675	CARDINAL
cjfa-20693	685	9	14638 1874	DATE
cjfa-20693	685	10	4433 5073 7919	DATE
cjfa-20693	685	11	o	DATE
cjfa-20693	685	12	china	GPE
cjfa-20693	685	13	14.0	CARDINAL
cjfa-20693	686	1	89	CARDINAL
cjfa-20693	687	1	10	CARDINAL
cjfa-20693	687	2	2	CARDINAL
cjfa-20693	687	3	3	CARDINAL
cjfa-20693	687	4	0.013	CARDINAL
cjfa-20693	687	5	1%	PERCENT
cjfa-20693	689	1	0.003	CARDINAL
cjfa-20693	690	1	zero	CARDINAL
cjfa-20693	691	1	less than 0.1	CARDINAL
cjfa-20693	692	1	3	CARDINAL
cjfa-20693	693	1	secondly	ORDINAL
cjfa-20693	694	1	11	CARDINAL
cjfa-20693	701	1	qin hailin	PERSON
cjfa-20693	701	2	zhang jingxu90	ORG
cjfa-20693	701	3	10	CARDINAL
cjfa-20693	702	1	sme board	ORG
cjfa-20693	702	2	0.003	CARDINAL
cjfa-20693	702	3	0.21	CARDINAL
cjfa-20693	702	4	4.52	CARDINAL
cjfa-20693	703	1	2.75	CARDINAL
cjfa-20693	703	2	0.22	CARDINAL
cjfa-20693	704	1	o	DATE
cjfa-20693	704	2	china	GPE
cjfa-20693	704	3	14.0	CARDINAL
cjfa-20693	706	1	4.	CARDINAL
cjfa-20693	711	1	16)–(18	CARDINAL
cjfa-20693	716	1	16	CARDINAL
cjfa-20693	716	2	17	CARDINAL
cjfa-20693	716	3	18	CARDINAL
cjfa-20693	717	1	16	CARDINAL
cjfa-20693	721	1	11	CARDINAL
cjfa-20693	721	2	1	CARDINAL
cjfa-20693	722	1	the column（2）	ORG
cjfa-20693	723	1	3	CARDINAL
cjfa-20693	725	1	16	CARDINAL
cjfa-20693	725	2	91	CARDINAL
cjfa-20693	730	1	16	CARDINAL
cjfa-20693	730	2	17	CARDINAL
cjfa-20693	730	3	18	CARDINAL
cjfa-20693	731	1	16	CARDINAL
cjfa-20693	735	1	11	CARDINAL
cjfa-20693	735	2	1	CARDINAL
cjfa-20693	736	1	the column（2）	ORG
cjfa-20693	737	1	3	CARDINAL
cjfa-20693	739	1	17	CARDINAL
cjfa-20693	744	1	16	CARDINAL
cjfa-20693	744	2	17	CARDINAL
cjfa-20693	744	3	18	CARDINAL
cjfa-20693	745	1	16	CARDINAL
cjfa-20693	749	1	11	CARDINAL
cjfa-20693	749	2	1	CARDINAL
cjfa-20693	750	1	the column（2）	ORG
cjfa-20693	751	1	3	CARDINAL
cjfa-20693	758	1	16	CARDINAL
cjfa-20693	758	2	17	CARDINAL
cjfa-20693	758	3	18	CARDINAL
cjfa-20693	759	1	16	CARDINAL
cjfa-20693	763	1	11	CARDINAL
cjfa-20693	763	2	1	CARDINAL
cjfa-20693	764	1	the column（2）	ORG
cjfa-20693	765	1	3	CARDINAL
cjfa-20693	767	1	18	CARDINAL
cjfa-20693	768	1	16	CARDINAL
cjfa-20693	769	1	17	CARDINAL
cjfa-20693	769	2	18	CARDINAL
cjfa-20693	772	1	11	CARDINAL
cjfa-20693	772	2	1	CARDINAL
cjfa-20693	773	1	2	CARDINAL
cjfa-20693	774	1	3	CARDINAL
cjfa-20693	776	1	1%	PERCENT
cjfa-20693	778	1	11	CARDINAL
cjfa-20693	780	1	0.0281	CARDINAL
cjfa-20693	780	2	14.8830	CARDINAL
cjfa-20693	780	3	0.0175	CARDINAL
cjfa-20693	780	4	0.0142	CARDINAL
cjfa-20693	780	5	qin hailin	PERSON
cjfa-20693	780	6	zhang jingxu92 equation(1) equation(2	PERSON
cjfa-20693	781	1	0.0142	CARDINAL
cjfa-20693	783	1	0.0072	CARDINAL
cjfa-20693	783	2	5.9801	CARDINAL
cjfa-20693	783	3	3.0291	CARDINAL
cjfa-20693	784	1	74.6436	CARDINAL
cjfa-20693	786	1	0.0255	CARDINAL
cjfa-20693	787	1	12.6207	CARDINAL
cjfa-20693	787	2	1.2946	CARDINAL
cjfa-20693	787	3	0.0157	CARDINAL
cjfa-20693	787	4	0.0018	CARDINAL
cjfa-20693	787	5	50.1127	CARDINAL
cjfa-20693	787	6	4.5806	CARDINAL
cjfa-20693	787	7	0.0091	CARDINAL
cjfa-20693	787	8	0.0090	CARDINAL
cjfa-20693	787	9	8.5294	ORDINAL
cjfa-20693	787	10	8.5750	CARDINAL
cjfa-20693	787	11	0.0216	CARDINAL
cjfa-20693	787	12	0.0617	CARDINAL
cjfa-20693	787	13	0.0335	CARDINAL
cjfa-20693	787	14	5.9857)	MONEY
cjfa-20693	787	15	20.8784	CARDINAL
cjfa-20693	787	16	9.2971	CARDINAL
cjfa-20693	787	17	0.0025	CARDINAL
cjfa-20693	787	18	1.8419	CARDINAL
cjfa-20693	787	19	1.3299	CARDINAL
cjfa-20693	787	20	0.0020	CARDINAL
cjfa-20693	787	21	1.9084	CARDINAL
cjfa-20693	787	22	0.0005	CARDINAL
cjfa-20693	787	23	15.5302	CARDINAL
cjfa-20693	787	24	0.4644	ORG
cjfa-20693	787	25	15.7994	CARDINAL
cjfa-20693	787	26	0.1442	CARDINAL
cjfa-20693	787	27	0.1184	CARDINAL
cjfa-20693	787	28	20.2600	CARDINAL
cjfa-20693	787	29	20.3408	CARDINAL
cjfa-20693	787	30	23.5409	CARDINAL
cjfa-20693	787	31	11	CARDINAL
cjfa-20693	788	1	93	CARDINAL
cjfa-20693	789	1	22,799	CARDINAL
cjfa-20693	789	2	22,799	CARDINAL
cjfa-20693	789	3	22,799	CARDINAL
cjfa-20693	789	4	0.2728	CARDINAL
cjfa-20693	789	5	213.4	CARDINAL
cjfa-20693	789	6	227.6	CARDINAL
cjfa-20693	790	1	o	DATE
cjfa-20693	790	2	china	GPE
cjfa-20693	790	3	14.0	CARDINAL
cjfa-20693	791	1	5	CARDINAL
cjfa-20693	791	2	1	CARDINAL
cjfa-20693	791	3	one	CARDINAL
cjfa-20693	792	1	12	CARDINAL
cjfa-20693	792	2	1	CARDINAL
cjfa-20693	792	3	2	CARDINAL
cjfa-20693	792	4	1%	PERCENT
cjfa-20693	793	1	2007	DATE
cjfa-20693	793	2	2017	DATE
cjfa-20693	794	1	one	CARDINAL
cjfa-20693	795	1	11	CARDINAL
cjfa-20693	795	2	3	CARDINAL
cjfa-20693	795	3	4 (	PERCENT
cjfa-20693	795	4	1%	PERCENT
cjfa-20693	797	1	11	CARDINAL
cjfa-20693	798	1	qin hailin	PERSON
cjfa-20693	798	2	zhang jingxu94	PERSON
cjfa-20693	798	3	12	CARDINAL
cjfa-20693	799	1	ols tobit law*treat -0.0083***	PERSON
cjfa-20693	799	2	0.0165	CARDINAL
cjfa-20693	799	3	0.0160	CARDINAL
cjfa-20693	799	4	6.4080	CARDINAL
cjfa-20693	799	5	6.7749	CARDINAL
cjfa-20693	799	6	0.0045	CARDINAL
cjfa-20693	799	7	0.0030	CARDINAL
cjfa-20693	799	8	1.8292	CARDINAL
cjfa-20693	799	9	1.2130	CARDINAL
cjfa-20693	799	10	l.roe -0.0345	PERSON
cjfa-20693	801	1	l.sh1 -0.0432***	PERSON
cjfa-20693	803	1	0.0019 0.0017	CARDINAL
cjfa-20693	803	2	0.2090	CARDINAL
cjfa-20693	803	3	0.1823	CARDINAL
cjfa-20693	803	4	0.0281	CARDINAL
cjfa-20693	803	5	0.0280	CARDINAL
cjfa-20693	803	6	5.7413	CARDINAL
cjfa-20693	803	7	6.9551	MONEY
cjfa-20693	803	8	0.0045	CARDINAL
cjfa-20693	803	9	0.0042	CARDINAL
cjfa-20693	803	10	1.9704	CARDINAL
cjfa-20693	803	11	1.9528	CARDINAL
cjfa-20693	803	12	0.0005 0.0005	CARDINAL
cjfa-20693	803	13	0.4958	CARDINAL
cjfa-20693	803	14	0.0193	CARDINAL
cjfa-20693	803	15	0.0193	CARDINAL
cjfa-20693	803	16	10.5119	CARDINAL
cjfa-20693	803	17	12.2623	CARDINAL
cjfa-20693	803	18	7.6190	CARDINAL
cjfa-20693	803	19	8.2567	MONEY
cjfa-20693	803	20	95	CARDINAL
cjfa-20693	803	21	0.1460	CARDINAL
cjfa-20693	803	22	16.8972	CARDINAL
cjfa-20693	803	23	18.0257	CARDINAL
cjfa-20693	803	24	19,615	CARDINAL
cjfa-20693	803	25	chi2	ORG
cjfa-20693	803	26	131.7 6080	CARDINAL
cjfa-20693	804	1	o	DATE
cjfa-20693	804	2	china	GPE
cjfa-20693	804	3	14.0	CARDINAL
cjfa-20693	805	1	2	CARDINAL
cjfa-20693	805	2	2007	DATE
cjfa-20693	805	3	china	GPE
cjfa-20693	808	1	2008	DATE
cjfa-20693	808	2	2009	DATE
cjfa-20693	808	3	two-year	DATE
cjfa-20693	808	4	13	CARDINAL
cjfa-20693	808	5	13	CARDINAL
cjfa-20693	809	1	4051 10312 14368	DATE
cjfa-20693	809	2	837	CARDINAL
cjfa-20693	809	3	5838	DATE
cjfa-20693	809	4	4888 15313	DATE
cjfa-20693	809	5	china	GPE
cjfa-20693	809	6	14.0	CARDINAL
cjfa-20693	810	1	12	CARDINAL
cjfa-20693	811	1	qin hailin	PERSON
cjfa-20693	811	2	zhang jingxu96	PERSON
cjfa-20693	811	3	13	CARDINAL
cjfa-20693	811	4	0.134	CARDINAL
cjfa-20693	811	5	0.152	CARDINAL
cjfa-20693	811	6	0.018	CARDINAL
cjfa-20693	812	1	two	CARDINAL
cjfa-20693	812	2	1%	PERCENT
cjfa-20693	814	1	0.151	CARDINAL
cjfa-20693	814	2	0.157	CARDINAL
cjfa-20693	816	1	1%	PERCENT
cjfa-20693	817	1	1.3%	PERCENT
cjfa-20693	820	1	14	CARDINAL
cjfa-20693	821	1	0	CARDINAL
cjfa-20693	821	2	1	CARDINAL
cjfa-20693	821	3	0.134	CARDINAL
cjfa-20693	821	4	6.29	CARDINAL
cjfa-20693	821	5	0.151 0.157 0.006	QUANTITY
cjfa-20693	821	6	4.80	CARDINAL
cjfa-20693	821	7	3.59	CARDINAL
cjfa-20693	822	1	o	DATE
cjfa-20693	822	2	china	GPE
cjfa-20693	822	3	14.0	CARDINAL
cjfa-20693	823	1	1	CARDINAL
cjfa-20693	824	1	guo shuqing	PERSON
cjfa-20693	824	2	november 2011	DATE
cjfa-20693	824	3	shanghai	GPE
cjfa-20693	824	4	shenzhen	GPE
cjfa-20693	824	5	2007	DATE
cjfa-20693	824	6	2017	CARDINAL
cjfa-20693	825	1	1-3	CARDINAL
cjfa-20693	826	1	firstly	ORDINAL
cjfa-20693	829	1	executives’due	PRODUCT
cjfa-20693	831	1	secondly	ORDINAL
cjfa-20693	836	1	2	CARDINAL
cjfa-20693	836	2	firstly	ORDINAL
cjfa-20693	836	3	qin hailin	PERSON
cjfa-20693	836	4	zhang jingxu98	PERSON
cjfa-20693	840	1	secondly	ORDINAL
cjfa-20693	840	2	one	CARDINAL
cjfa-20693	841	1	one	CARDINAL
cjfa-20693	844	1	thirdly	ORDINAL
cjfa-20693	848	1	fourthly	ORDINAL
cjfa-20693	848	2	99	CARDINAL
cjfa-20693	852	1	2014	DATE
cjfa-20693	854	1	journal of shanxi university of finance and economics	ORG
cjfa-20693	854	2	36(06	CARDINAL
cjfa-20693	854	3	90–101	CARDINAL
cjfa-20693	855	1	bao	PERSON
cjfa-20693	855	2	wanwei, & chow	ORG
cjfa-20693	855	3	2018	DATE
cjfa-20693	858	1	journal of shanxi university of finance and economics	ORG
cjfa-20693	859	1	94–109	CARDINAL
cjfa-20693	860	1	bao	PERSON
cjfa-20693	860	2	2014	DATE
cjfa-20693	862	1	journal of shanxi university of finance and economics	ORG
cjfa-20693	862	2	36(06	CARDINAL
cjfa-20693	862	3	90–101	CARDINAL
cjfa-20693	863	1	w., & shinong	ORG
cjfa-20693	863	2	w.	PERSON
cjfa-20693	863	3	2010	DATE
cjfa-20693	865	1	144–155	CARDINAL
cjfa-20693	865	2	genfu	PERSON
cjfa-20693	865	3	f., & juehang	ORG
cjfa-20693	865	4	2012	DATE
cjfa-20693	867	1	china	GPE
cjfa-20693	867	2	06	CARDINAL
cjfa-20693	867	3	147–158	CARDINAL
cjfa-20693	868	1	guojie	PERSON
cjfa-20693	868	2	y., & yuyu	ORG
cjfa-20693	868	3	z.	PERSON
cjfa-20693	868	4	2018	DATE
cjfa-20693	870	1	nanjing audit university	ORG
cjfa-20693	870	2	15(05	CARDINAL
cjfa-20693	870	3	93	CARDINAL
cjfa-20693	871	1	q.	PERSON
cjfa-20693	871	2	2014	DATE
cjfa-20693	873	1	118–131	DATE
cjfa-20693	874	1	q.	PERSON
cjfa-20693	874	2	huan	GPE
cjfa-20693	874	3	l., & ziwei	ORG
cjfa-20693	874	4	z.	PERSON
cjfa-20693	876	1	china	GPE
cjfa-20693	877	1	hanming	PERSON
cjfa-20693	877	2	2008	DATE
cjfa-20693	879	1	08, 67–72	DATE
cjfa-20693	879	2	x.	GPE
cjfa-20693	879	3	l. (2018	ORG
cjfa-20693	881	1	central university of finance	ORG
cjfa-20693	881	2	04	DATE
cjfa-20693	882	1	jing	PERSON
cjfa-20693	882	2	l., & debo	ORG
cjfa-20693	882	3	j. (	PERSON
cjfa-20693	882	4	2017	CARDINAL
cjfa-20693	885	1	juanjuan	PERSON
cjfa-20693	885	2	yifeng	GPE
cjfa-20693	885	3	s.	PERSON
cjfa-20693	885	4	2007	DATE
cjfa-20693	887	1	chinese	NORP
cjfa-20693	888	1	08	DATE
cjfa-20693	888	2	36	CARDINAL
cjfa-20693	888	3	43	CARDINAL
cjfa-20693	888	4	95	CARDINAL
cjfa-20693	889	1	qin hailin	PERSON
cjfa-20693	889	2	zhang jingxu100 lili	PERSON
cjfa-20693	889	3	z.	PERSON
cjfa-20693	889	4	2018	DATE
cjfa-20693	891	1	journal of shanxi university of finance and economics	ORG
cjfa-20693	891	2	40(07	CARDINAL
cjfa-20693	892	1	modigliani	PERSON
cjfa-20693	892	2	f., & miller	ORG
cjfa-20693	892	3	m.h.	GPE
cjfa-20693	892	4	1961	DATE
cjfa-20693	894	1	journal of business	ORG
cjfa-20693	894	2	34(4	CARDINAL
cjfa-20693	894	3	411–433	CARDINAL
cjfa-20693	895	1	qingsong, a.	PERSON
cjfa-20693	895	2	2012	DATE
cjfa-20693	896	1	chinese	NORP
cjfa-20693	897	1	11	CARDINAL
cjfa-20693	897	2	15–19	CARDINAL
cjfa-20693	898	1	tao	PERSON
cjfa-20693	898	2	z., & deyou	ORG
cjfa-20693	898	3	w.	PERSON
cjfa-20693	898	4	2007	DATE
cjfa-20693	900	1	journal of shanxi university of finance and economics	ORG
cjfa-20693	900	2	08	DATE
cjfa-20693	900	3	97–102	CARDINAL
cjfa-20693	901	1	xing	PERSON
cjfa-20693	901	2	t., & ning	ORG
cjfa-20693	901	3	l.	PERSON
cjfa-20693	901	4	2016	DATE
cjfa-20693	903	1	nankai management review	ORG
cjfa-20693	903	2	19(05	CARDINAL
cjfa-20693	903	3	104–114	DATE
cjfa-20693	904	1	2017	CARDINAL
cjfa-20693	905	1	chinese	NORP
cjfa-20693	906	1	journal	ORG
cjfa-20693	906	2	guizhou university of finance and economics	ORG
cjfa-20693	906	3	04),76–83	CARDINAL
cjfa-20693	906	4	yan	PERSON
cjfa-20693	906	5	l.	PERSON
cjfa-20693	906	6	2015	CARDINAL
cjfa-20693	908	1	11	CARDINAL
cjfa-20693	908	2	69–75	CARDINAL
cjfa-20693	908	3	97	CARDINAL
cjfa-20693	908	4	yan	PERSON
cjfa-20693	908	5	w.	PERSON
cjfa-20693	908	6	2014	DATE
cjfa-20693	910	1	china accounting review	ORG
cjfa-20693	911	1	& yifeng	ORG
cjfa-20693	911	2	s.	PERSON
cjfa-20693	911	3	2004	DATE
cjfa-20693	913	1	china accounting review	ORG
cjfa-20693	913	2	01	DATE
cjfa-20693	913	3	61–76	CARDINAL
cjfa-20693	914	1	yinguo	PERSON
cjfa-20693	914	2	2008	DATE
cjfa-20693	915	1	china	GPE
cjfa-20693	916	1	14	CARDINAL
cjfa-20693	916	2	26–33	CARDINAL
cjfa-20693	917	1	yinguo	PERSON
cjfa-20693	917	2	l.	GPE
cjfa-20693	917	3	chen	PERSON
cjfa-20693	917	4	r.	NORP
cjfa-20693	917	5	2014	DATE
cjfa-20693	919	1	29(05	GPE
cjfa-20693	920	1	yunling	PERSON
cjfa-20693	920	2	2014	DATE
cjfa-20693	922	1	08	DATE
cjfa-20693	922	2	162–177	CARDINAL
cjfa-20693	923	1	yinguo	ORG
cjfa-20693	923	2	l.	GPE
cjfa-20693	923	3	chen	PERSON
cjfa-20693	923	4	r.	NORP
cjfa-20693	923	5	2014	DATE
cjfa-20693	925	1	29(05	GPE
cjfa-20693	925	2	yong, s., & sihao	ORG
cjfa-20693	925	3	2018	DATE
cjfa-20693	927	1	china soft science	ORG
cjfa-20693	927	2	04	DATE
cjfa-20693	927	3	123	CARDINAL
cjfa-20693	927	4	131	CARDINAL
cjfa-20693	928	1	zhihua	ORG
cjfa-20693	928	2	w.	GPE
cjfa-20693	928	3	yuhui	GPE
cjfa-20693	928	4	w., & changqing	ORG
cjfa-20693	928	5	2012	DATE
cjfa-20693	929	1	chinese	NORP
cjfa-20693	930	1	10	CARDINAL
cjfa-20693	930	2	40–47	CARDINAL
cjfa-20693	930	3	60	CARDINAL
cjfa-20693	931	1	zhihua	ORG
cjfa-20693	931	2	w.	GPE
cjfa-20693	931	3	maoliang	GPE
cjfa-20693	931	4	l., & changqing	ORG
cjfa-20693	931	5	2014	DATE
cjfa-20693	932	1	chinese	NORP
cjfa-20693	933	1	100–114	CARDINAL
cjfa-20693	934	1	zhihua	ORG
cjfa-20693	934	2	w.	PERSON
cjfa-20693	934	3	l.	GPE
cjfa-20693	934	4	yuhui	GPE
cjfa-20693	934	5	w., & jiajia, h.	ORG
cjfa-20693	934	6	2017	CARDINAL
cjfa-20693	936	1	07	DATE
cjfa-20693	936	2	55–61	CARDINAL
cjfa-20693	936	3	97	CARDINAL
cjfa-20693	937	1	101	CARDINAL
cjfa-20693	937	2	zhiqiang	GPE
cjfa-20693	937	3	w., & weiting	ORG
cjfa-20693	937	4	z.	PERSON
cjfa-20693	937	5	2012	DATE
cjfa-20693	939	1	07	DATE
cjfa-20693	939	2	151–163	CARDINAL
cjfa-20693	940	1	x.	GPE
cjfa-20693	940	2	2012	DATE
cjfa-20693	942	1	chinese	NORP
cjfa-20693	943	1	journal of management engineering	ORG
cjfa-20693	943	2	26(02	CARDINAL