id	sid	tid	token	lemma	pos
cjfa-18795	1	1	copernican	copernican	PROPN
cjfa-18795	1	2	journal	journal	PROPN
cjfa-18795	1	3	of	of	ADP
cjfa-18795	1	4	finance	finance	PROPN
cjfa-18795	1	5	&	&	CCONJ
cjfa-18795	1	6	accounting	accounting	PROPN
cjfa-18795	1	7	e	e	PROPN
cjfa-18795	1	8	-	-	PROPN
cjfa-18795	1	9	issn	issn	PROPN
cjfa-18795	1	10	2300	2300	NUM
cjfa-18795	1	11	-	-	SYM
cjfa-18795	1	12	3065	3065	NUM
cjfa-18795	1	13	p	p	PROPN
cjfa-18795	1	14	-	-	PUNCT
cjfa-18795	1	15	issn	issn	PROPN
cjfa-18795	1	16	2300	2300	NUM
cjfa-18795	1	17	-	-	SYM
cjfa-18795	1	18	12402018	12402018	NUM
cjfa-18795	1	19	,	,	PUNCT
cjfa-18795	1	20	volume	volume	NOUN
cjfa-18795	1	21	7	7	NUM
cjfa-18795	1	22	,	,	PUNCT
cjfa-18795	1	23	issue	issue	NOUN
cjfa-18795	1	24	2	2	NUM
cjfa-18795	1	25	date	date	NOUN
cjfa-18795	1	26	of	of	ADP
cjfa-18795	1	27	submission	submission	NOUN
cjfa-18795	1	28	:	:	PUNCT
cjfa-18795	1	29	august	august	PROPN
cjfa-18795	1	30	7	7	NUM
cjfa-18795	1	31	,	,	PUNCT
cjfa-18795	1	32	2018	2018	NUM
cjfa-18795	1	33	;	;	PUNCT
cjfa-18795	1	34	date	date	NOUN
cjfa-18795	1	35	of	of	ADP
cjfa-18795	1	36	acceptance	acceptance	NOUN
cjfa-18795	1	37	:	:	PUNCT
cjfa-18795	1	38	september	september	PROPN
cjfa-18795	1	39	25	25	NUM
cjfa-18795	1	40	,	,	PUNCT
cjfa-18795	1	41	2018	2018	NUM
cjfa-18795	1	42	.	.	PUNCT
cjfa-18795	2	1	*	*	PUNCT
cjfa-18795	2	2	contact	contact	NOUN
cjfa-18795	2	3	information	information	NOUN
cjfa-18795	2	4	:	:	PUNCT
cjfa-18795	2	5	shahidulislam28@yahoo.com	shahidulislam28@yahoo.com	PROPN
cjfa-18795	2	6	,	,	PUNCT
cjfa-18795	2	7	department	department	NOUN
cjfa-18795	2	8	of	of	ADP
cjfa-18795	2	9	business	business	PROPN
cjfa-18795	2	10	administration	administration	PROPN
cjfa-18795	2	11	,	,	PUNCT
cjfa-18795	2	12	bgmea	bgmea	PROPN
cjfa-18795	2	13	university	university	NOUN
cjfa-18795	2	14	of	of	ADP
cjfa-18795	2	15	fashion	fashion	NOUN
cjfa-18795	2	16	and	and	CCONJ
cjfa-18795	2	17	technology	technology	NOUN
cjfa-18795	2	18	(	(	PUNCT
cjfa-18795	2	19	buft	buft	NOUN
cjfa-18795	2	20	)	)	PUNCT
cjfa-18795	2	21	,	,	PUNCT
cjfa-18795	2	22	105	105	NUM
cjfa-18795	2	23	uttara	uttara	PROPN
cjfa-18795	2	24	model	model	NOUN
cjfa-18795	2	25	town	town	NOUN
cjfa-18795	2	26	,	,	PUNCT
cjfa-18795	2	27	sector	sector	NOUN
cjfa-18795	2	28	7	7	NUM
cjfa-18795	2	29	,	,	PUNCT
cjfa-18795	2	30	dhaka-1230	dhaka-1230	ADJ
cjfa-18795	2	31	,	,	PUNCT
cjfa-18795	2	32	bangladesh	bangladesh	NOUN
cjfa-18795	2	33	,	,	PUNCT
cjfa-18795	2	34	phone	phone	NOUN
cjfa-18795	2	35	:	:	PUNCT
cjfa-18795	2	36	88	88	NUM
cjfa-18795	2	37	01758075844	01758075844	NUM
cjfa-18795	2	38	;	;	PUNCT
cjfa-18795	2	39	orcid	orcid	PROPN
cjfa-18795	3	1	i	i	NOUN
cjfa-18795	3	2	d	d	PROPN
cjfa-18795	3	3	:	:	PUNCT
cjfa-18795	3	4	https://	https://	PROPN
cjfa-18795	3	5	orcid.org/0000-0002-5362-8622	orcid.org/0000-0002-5362-8622	NOUN
cjfa-18795	3	6	.	.	PUNCT
cjfa-18795	4	1	*	*	PUNCT
cjfa-18795	4	2	*	*	PUNCT
cjfa-18795	4	3	the	the	DET
cjfa-18795	4	4	article	article	NOUN
cjfa-18795	4	5	was	be	AUX
cjfa-18795	4	6	based	base	VERB
cjfa-18795	4	7	on	on	ADP
cjfa-18795	4	8	a	a	DET
cjfa-18795	4	9	doctoral	doctoral	ADJ
cjfa-18795	4	10	dissertation	dissertation	NOUN
cjfa-18795	4	11	titled	title	VERB
cjfa-18795	4	12	“	"	PUNCT
cjfa-18795	4	13	dividend	dividend	NOUN
cjfa-18795	4	14	practices	practice	NOUN
cjfa-18795	4	15	in	in	ADP
cjfa-18795	4	16	corporate	corporate	ADJ
cjfa-18795	4	17	sector	sector	NOUN
cjfa-18795	4	18	of	of	ADP
cjfa-18795	4	19	bangladesh	bangladesh	NOUN
cjfa-18795	4	20	:	:	PUNCT
cjfa-18795	4	21	a	a	DET
cjfa-18795	4	22	study	study	NOUN
cjfa-18795	4	23	of	of	ADP
cjfa-18795	4	24	the	the	DET
cjfa-18795	4	25	companies	company	NOUN
cjfa-18795	4	26	listed	list	VERB
cjfa-18795	4	27	with	with	ADP
cjfa-18795	4	28	dhaka	dhaka	PROPN
cjfa-18795	4	29	stock	stock	PROPN
cjfa-18795	4	30	exchange	exchange	PROPN
cjfa-18795	4	31	”	"	PUNCT
cjfa-18795	4	32	prepared	prepare	VERB
cjfa-18795	4	33	by	by	ADP
cjfa-18795	4	34	mohammad	mohammad	PROPN
cjfa-18795	4	35	shahidul	shahidul	PROPN
cjfa-18795	4	36	islam	islam	PROPN
cjfa-18795	4	37	,	,	PUNCT
cjfa-18795	4	38	under	under	ADP
cjfa-18795	4	39	the	the	DET
cjfa-18795	4	40	supervision	supervision	NOUN
cjfa-18795	4	41	of	of	ADP
cjfa-18795	4	42	:	:	PUNCT
cjfa-18795	4	43	professor	professor	PROPN
cjfa-18795	4	44	dr	dr	PROPN
cjfa-18795	4	45	.	.	PROPN
cjfa-18795	4	46	m.	m.	PROPN
cjfa-18795	4	47	farid	farid	PROPN
cjfa-18795	4	48	ahmed	ahmed	PROPN
cjfa-18795	4	49	(	(	PUNCT
cjfa-18795	4	50	department	department	NOUN
cjfa-18795	4	51	of	of	ADP
cjfa-18795	4	52	finance	finance	NOUN
cjfa-18795	4	53	,	,	PUNCT
cjfa-18795	4	54	university	university	NOUN
cjfa-18795	4	55	of	of	ADP
cjfa-18795	4	56	dhaka	dhaka	PROPN
cjfa-18795	4	57	)	)	PUNCT
cjfa-18795	4	58	and	and	CCONJ
cjfa-18795	4	59	professor	professor	PROPN
cjfa-18795	4	60	dr	dr	PROPN
cjfa-18795	4	61	.	.	PROPN
cjfa-18795	4	62	h.m	h.m	PROPN
cjfa-18795	4	63	.	.	PROPN
cjfa-18795	4	64	mosarof	mosarof	PROPN
cjfa-18795	4	65	hossain	hossain	PROPN
cjfa-18795	4	66	(	(	PUNCT
cjfa-18795	4	67	department	department	PROPN
cjfa-18795	4	68	of	of	ADP
cjfa-18795	4	69	finance	finance	NOUN
cjfa-18795	4	70	,	,	PUNCT
cjfa-18795	4	71	university	university	NOUN
cjfa-18795	4	72	of	of	ADP
cjfa-18795	4	73	dhaka	dhaka	PROPN
cjfa-18795	4	74	)	)	PUNCT
cjfa-18795	4	75	.	.	PUNCT
cjfa-18795	5	1	shahidul	shahidul	PROPN
cjfa-18795	5	2	islam	islam	PROPN
cjfa-18795	5	3	,	,	PUNCT
cjfa-18795	5	4	m.	m.	NOUN
cjfa-18795	5	5	(	(	PUNCT
cjfa-18795	5	6	2018	2018	NUM
cjfa-18795	5	7	)	)	PUNCT
cjfa-18795	5	8	.	.	PUNCT
cjfa-18795	6	1	dividend	dividend	NOUN
cjfa-18795	6	2	practices	practice	NOUN
cjfa-18795	6	3	in	in	ADP
cjfa-18795	6	4	listed	list	VERB
cjfa-18795	6	5	banks	bank	NOUN
cjfa-18795	6	6	of	of	ADP
cjfa-18795	6	7	bangladesh	bangladesh	PROPN
cjfa-18795	6	8	.	.	PUNCT
cjfa-18795	7	1	copernican	copernican	PROPN
cjfa-18795	7	2	journal	journal	PROPN
cjfa-18795	7	3	of	of	ADP
cjfa-18795	7	4	finance	finance	PROPN
cjfa-18795	7	5	&	&	CCONJ
cjfa-18795	7	6	accounting	accounting	PROPN
cjfa-18795	7	7	,	,	PUNCT
cjfa-18795	7	8	7(2	7(2	NUM
cjfa-18795	7	9	)	)	PUNCT
cjfa-18795	7	10	,	,	PUNCT
cjfa-18795	7	11	43–61	43–61	NUM
cjfa-18795	7	12	.	.	PUNCT
cjfa-18795	8	1	http://dx.doi.org/10.12775/cjfa.2018.008	http://dx.doi.org/10.12775/cjfa.2018.008	PROPN
cjfa-18795	8	2	mohammad	mohammad	PROPN
cjfa-18795	8	3	shahidul	shahidul	PROPN
cjfa-18795	8	4	islam	islam	PROPN
cjfa-18795	8	5	*	*	PROPN
cjfa-18795	8	6	bgmea	bgmea	PROPN
cjfa-18795	8	7	university	university	NOUN
cjfa-18795	8	8	of	of	ADP
cjfa-18795	8	9	fashion	fashion	NOUN
cjfa-18795	8	10	and	and	CCONJ
cjfa-18795	8	11	technology	technology	NOUN
cjfa-18795	8	12	dividend	dividend	NOUN
cjfa-18795	8	13	practices	practice	NOUN
cjfa-18795	8	14	in	in	ADP
cjfa-18795	8	15	listed	list	VERB
cjfa-18795	8	16	banks	bank	NOUN
cjfa-18795	8	17	of	of	ADP
cjfa-18795	8	18	bangladesh	bangladesh	NOUN
cjfa-18795	8	19	*	*	PUNCT
cjfa-18795	8	20	*	*	NOUN
cjfa-18795	8	21	keywords	keyword	NOUN
cjfa-18795	8	22	:	:	PUNCT
cjfa-18795	8	23	dividend	dividend	NOUN
cjfa-18795	8	24	,	,	PUNCT
cjfa-18795	8	25	eps	eps	PROPN
cjfa-18795	8	26	,	,	PUNCT
cjfa-18795	8	27	signaling	signal	VERB
cjfa-18795	8	28	theory	theory	NOUN
cjfa-18795	8	29	,	,	PUNCT
cjfa-18795	8	30	mm	mm	PROPN
cjfa-18795	8	31	model	model	NOUN
cjfa-18795	8	32	.	.	PUNCT
cjfa-18795	9	1	j	j	PROPN
cjfa-18795	9	2	e	e	PROPN
cjfa-18795	9	3	l	l	PROPN
cjfa-18795	9	4	classification	classification	NOUN
cjfa-18795	9	5	:	:	PUNCT
cjfa-18795	10	1	g35	g35	PROPN
cjfa-18795	10	2	.	.	PUNCT
cjfa-18795	11	1	abstract	abstract	ADJ
cjfa-18795	11	2	:	:	PUNCT
cjfa-18795	11	3	corporate	corporate	ADJ
cjfa-18795	11	4	dividend	dividend	NOUN
cjfa-18795	11	5	behaviour	behaviour	NOUN
cjfa-18795	11	6	is	be	AUX
cjfa-18795	11	7	looked	look	VERB
cjfa-18795	11	8	upon	upon	SCONJ
cjfa-18795	11	9	in	in	ADP
cjfa-18795	11	10	many	many	ADJ
cjfa-18795	11	11	ways	way	NOUN
cjfa-18795	11	12	by	by	ADP
cjfa-18795	11	13	the	the	DET
cjfa-18795	11	14	experts	expert	NOUN
cjfa-18795	11	15	in	in	ADP
cjfa-18795	11	16	the	the	DET
cjfa-18795	11	17	area	area	NOUN
cjfa-18795	11	18	of	of	ADP
cjfa-18795	11	19	financial	financial	ADJ
cjfa-18795	11	20	literature	literature	NOUN
cjfa-18795	11	21	.	.	PUNCT
cjfa-18795	12	1	to	to	PART
cjfa-18795	12	2	examine	examine	VERB
cjfa-18795	12	3	the	the	DET
cjfa-18795	12	4	dividend	dividend	NOUN
cjfa-18795	12	5	practices	practice	NOUN
cjfa-18795	12	6	in	in	ADP
cjfa-18795	12	7	banking	banking	NOUN
cjfa-18795	12	8	sector	sector	NOUN
cjfa-18795	12	9	in	in	ADP
cjfa-18795	12	10	bangladesh	bangladesh	NOUN
cjfa-18795	12	11	,	,	PUNCT
cjfa-18795	12	12	it	it	PRON
cjfa-18795	12	13	is	be	AUX
cjfa-18795	12	14	taken	take	VERB
cjfa-18795	12	15	secondary	secondary	ADJ
cjfa-18795	12	16	data	datum	NOUN
cjfa-18795	12	17	and	and	CCONJ
cjfa-18795	12	18	the	the	DET
cjfa-18795	12	19	views	view	NOUN
cjfa-18795	12	20	of	of	ADP
cjfa-18795	12	21	dividend	dividend	NOUN
cjfa-18795	12	22	policy	policy	NOUN
cjfa-18795	12	23	makers	maker	NOUN
cjfa-18795	12	24	’	'	PUNCT
cjfa-18795	12	25	covering	cover	VERB
cjfa-18795	12	26	the	the	DET
cjfa-18795	12	27	divergent	divergent	ADJ
cjfa-18795	12	28	aspects	aspect	NOUN
cjfa-18795	12	29	of	of	ADP
cjfa-18795	12	30	dividend	dividend	NOUN
cjfa-18795	12	31	practices	practice	NOUN
cjfa-18795	12	32	.	.	PUNCT
cjfa-18795	13	1	the	the	DET
cjfa-18795	13	2	parametric	parametric	ADJ
cjfa-18795	13	3	test	test	NOUN
cjfa-18795	13	4	,	,	PUNCT
cjfa-18795	13	5	non	non	ADJ
cjfa-18795	13	6	-	-	ADJ
cjfa-18795	13	7	parametric	parametric	ADJ
cjfa-18795	13	8	test	test	NOUN
cjfa-18795	13	9	and	and	CCONJ
cjfa-18795	13	10	percentile	percentile	NOUN
cjfa-18795	13	11	are	be	AUX
cjfa-18795	13	12	used	use	VERB
cjfa-18795	13	13	for	for	ADP
cjfa-18795	13	14	inferring	infer	VERB
cjfa-18795	13	15	the	the	DET
cjfa-18795	13	16	result	result	NOUN
cjfa-18795	13	17	.	.	PUNCT
cjfa-18795	14	1	in	in	ADP
cjfa-18795	14	2	the	the	DET
cjfa-18795	14	3	banking	banking	NOUN
cjfa-18795	14	4	sector	sector	NOUN
cjfa-18795	14	5	,	,	PUNCT
cjfa-18795	14	6	the	the	DET
cjfa-18795	14	7	maximum	maximum	ADJ
cjfa-18795	14	8	payouts	payout	NOUN
cjfa-18795	14	9	are	be	AUX
cjfa-18795	14	10	in	in	ADP
cjfa-18795	14	11	large	large	ADJ
cjfa-18795	14	12	size	size	NOUN
cjfa-18795	14	13	firm	firm	NOUN
cjfa-18795	14	14	,	,	PUNCT
cjfa-18795	14	15	earlier	early	ADV
cjfa-18795	14	16	listed	list	VERB
cjfa-18795	14	17	bank	bank	NOUN
cjfa-18795	14	18	,	,	PUNCT
cjfa-18795	14	19	low	low	ADJ
cjfa-18795	14	20	leveraged	leverage	VERB
cjfa-18795	14	21	firm	firm	NOUN
cjfa-18795	14	22	,	,	PUNCT
cjfa-18795	14	23	high	high	ADJ
cjfa-18795	14	24	risk	risk	NOUN
cjfa-18795	14	25	’s	’s	PART
cjfa-18795	14	26	firm	firm	ADJ
cjfa-18795	14	27	,	,	PUNCT
cjfa-18795	14	28	medium	medium	ADJ
cjfa-18795	14	29	pe	pe	PROPN
cjfa-18795	14	30	ratio	ratio	NOUN
cjfa-18795	14	31	’s	’s	PART
cjfa-18795	14	32	firm	firm	NOUN
cjfa-18795	14	33	.	.	PUNCT
cjfa-18795	15	1	the	the	DET
cjfa-18795	15	2	survey	survey	NOUN
cjfa-18795	15	3	results	result	NOUN
cjfa-18795	15	4	reveal	reveal	VERB
cjfa-18795	15	5	that	that	SCONJ
cjfa-18795	15	6	the	the	DET
cjfa-18795	15	7	banks	bank	NOUN
cjfa-18795	15	8	prefer	prefer	VERB
cjfa-18795	15	9	both	both	CCONJ
cjfa-18795	15	10	cash	cash	NOUN
cjfa-18795	15	11	&	&	CCONJ
cjfa-18795	15	12	stock	stock	NOUN
cjfa-18795	15	13	dividend	dividend	NOUN
cjfa-18795	15	14	most	most	ADV
cjfa-18795	15	15	but	but	CCONJ
cjfa-18795	15	16	majority	majority	NOUN
cjfa-18795	15	17	shareholders	shareholder	NOUN
cjfa-18795	15	18	prefer	prefer	VERB
cjfa-18795	15	19	stock	stock	NOUN
cjfa-18795	15	20	.	.	PUNCT
cjfa-18795	16	1	the	the	DET
cjfa-18795	16	2	most	most	ADJ
cjfa-18795	16	3	of	of	ADP
cjfa-18795	16	4	the	the	DET
cjfa-18795	16	5	companies	company	NOUN
cjfa-18795	16	6	follow	follow	VERB
cjfa-18795	16	7	stable	stable	ADJ
cjfa-18795	16	8	payout	payout	NOUN
cjfa-18795	16	9	with	with	ADP
cjfa-18795	16	10	increasing	increase	VERB
cjfa-18795	16	11	trend	trend	NOUN
cjfa-18795	16	12	in	in	ADP
cjfa-18795	16	13	dividend	dividend	NOUN
cjfa-18795	16	14	payment	payment	NOUN
cjfa-18795	16	15	but	but	CCONJ
cjfa-18795	16	16	no	no	DET
cjfa-18795	16	17	satisfactory	satisfactory	ADJ
cjfa-18795	16	18	research	research	NOUN
cjfa-18795	16	19	is	be	AUX
cjfa-18795	16	20	done	do	VERB
cjfa-18795	16	21	to	to	PART
cjfa-18795	16	22	justify	justify	VERB
cjfa-18795	16	23	the	the	DET
cjfa-18795	16	24	investors	investor	NOUN
cjfa-18795	16	25	’	'	PUNCT
cjfa-18795	16	26	preference	preference	NOUN
cjfa-18795	16	27	.	.	PUNCT
cjfa-18795	17	1	the	the	DET
cjfa-18795	17	2	decision	decision	NOUN
cjfa-18795	17	3	maker	maker	NOUN
cjfa-18795	17	4	,	,	PUNCT
cjfa-18795	17	5	investors	investor	NOUN
cjfa-18795	17	6	and	and	CCONJ
cjfa-18795	17	7	other	other	ADJ
cjfa-18795	17	8	stakeholders	stakeholder	NOUN
cjfa-18795	17	9	should	should	AUX
cjfa-18795	17	10	follow	follow	VERB
cjfa-18795	17	11	these	these	DET
cjfa-18795	17	12	findings	finding	NOUN
cjfa-18795	17	13	for	for	ADP
cjfa-18795	17	14	taking	take	VERB
cjfa-18795	17	15	decision	decision	NOUN
cjfa-18795	17	16	.	.	PUNCT
cjfa-18795	18	1	mohammad	mohammad	PROPN
cjfa-18795	18	2	shahidul	shahidul	PROPN
cjfa-18795	18	3	islam44	islam44	PROPN
cjfa-18795	18	4	 	 	SPACE
cjfa-18795	18	5	introduction	introduction	NOUN
cjfa-18795	18	6	the	the	DET
cjfa-18795	18	7	financial	financial	ADJ
cjfa-18795	18	8	decision	decision	NOUN
cjfa-18795	18	9	is	be	AUX
cjfa-18795	18	10	rotated	rotate	VERB
cjfa-18795	18	11	around	around	ADP
cjfa-18795	18	12	the	the	DET
cjfa-18795	18	13	dividend	dividend	NOUN
cjfa-18795	18	14	decision	decision	NOUN
cjfa-18795	18	15	.	.	PUNCT
cjfa-18795	19	1	so	so	ADV
cjfa-18795	19	2	,	,	PUNCT
cjfa-18795	19	3	to	to	PART
cjfa-18795	19	4	identify	identify	VERB
cjfa-18795	19	5	the	the	DET
cjfa-18795	19	6	dividend	dividend	NOUN
cjfa-18795	19	7	practices	practice	NOUN
cjfa-18795	19	8	in	in	ADP
cjfa-18795	19	9	the	the	DET
cjfa-18795	19	10	corporate	corporate	ADJ
cjfa-18795	19	11	sector	sector	NOUN
cjfa-18795	19	12	in	in	ADP
cjfa-18795	19	13	bangladesh	bangladesh	NOUN
cjfa-18795	19	14	is	be	AUX
cjfa-18795	19	15	vital	vital	ADJ
cjfa-18795	19	16	objective	objective	NOUN
cjfa-18795	19	17	of	of	ADP
cjfa-18795	19	18	the	the	DET
cjfa-18795	19	19	study	study	NOUN
cjfa-18795	19	20	.	.	PUNCT
cjfa-18795	20	1	the	the	DET
cjfa-18795	20	2	dividend	dividend	NOUN
cjfa-18795	20	3	pattern	pattern	NOUN
cjfa-18795	20	4	of	of	ADP
cjfa-18795	20	5	listed	list	VERB
cjfa-18795	20	6	companies	company	NOUN
cjfa-18795	20	7	and	and	CCONJ
cjfa-18795	20	8	the	the	DET
cjfa-18795	20	9	management	management	NOUN
cjfa-18795	20	10	’	'	PUNCT
cjfa-18795	20	11	practices	practice	NOUN
cjfa-18795	20	12	of	of	ADP
cjfa-18795	20	13	dividend	dividend	NOUN
cjfa-18795	20	14	policy	policy	NOUN
cjfa-18795	20	15	are	be	AUX
cjfa-18795	20	16	described	describe	VERB
cjfa-18795	20	17	for	for	ADP
cjfa-18795	20	18	revealing	reveal	VERB
cjfa-18795	20	19	the	the	DET
cjfa-18795	20	20	present	present	ADJ
cjfa-18795	20	21	scenario	scenario	NOUN
cjfa-18795	20	22	of	of	ADP
cjfa-18795	20	23	dividend	dividend	NOUN
cjfa-18795	20	24	in	in	ADP
cjfa-18795	20	25	the	the	DET
cjfa-18795	20	26	capital	capital	NOUN
cjfa-18795	20	27	market	market	NOUN
cjfa-18795	20	28	of	of	ADP
cjfa-18795	20	29	bangladesh	bangladesh	NOUN
cjfa-18795	20	30	.	.	PUNCT
cjfa-18795	21	1	this	this	DET
cjfa-18795	21	2	study	study	NOUN
cjfa-18795	21	3	shows	show	VERB
cjfa-18795	21	4	the	the	DET
cjfa-18795	21	5	pattern	pattern	NOUN
cjfa-18795	21	6	of	of	ADP
cjfa-18795	21	7	dividend	dividend	NOUN
cjfa-18795	21	8	payout	payout	NOUN
cjfa-18795	21	9	with	with	ADP
cjfa-18795	21	10	the	the	DET
cjfa-18795	21	11	different	different	ADJ
cjfa-18795	21	12	characteristics	characteristic	NOUN
cjfa-18795	21	13	(	(	PUNCT
cjfa-18795	21	14	category	category	NOUN
cjfa-18795	21	15	of	of	ADP
cjfa-18795	21	16	company	company	NOUN
cjfa-18795	21	17	,	,	PUNCT
cjfa-18795	21	18	age	age	NOUN
cjfa-18795	21	19	of	of	ADP
cjfa-18795	21	20	the	the	DET
cjfa-18795	21	21	company	company	NOUN
cjfa-18795	21	22	,	,	PUNCT
cjfa-18795	21	23	size	size	NOUN
cjfa-18795	21	24	,	,	PUNCT
cjfa-18795	21	25	leverage	leverage	NOUN
cjfa-18795	21	26	,	,	PUNCT
cjfa-18795	21	27	risk	risk	NOUN
cjfa-18795	21	28	,	,	PUNCT
cjfa-18795	21	29	pe	pe	X
cjfa-18795	21	30	etc	etc	X
cjfa-18795	21	31	)	)	PUNCT
cjfa-18795	21	32	.	.	PUNCT
cjfa-18795	22	1	the	the	DET
cjfa-18795	22	2	dividend	dividend	NOUN
cjfa-18795	22	3	practices	practice	NOUN
cjfa-18795	22	4	of	of	ADP
cjfa-18795	22	5	the	the	DET
cjfa-18795	22	6	management	management	NOUN
cjfa-18795	22	7	are	be	AUX
cjfa-18795	22	8	depicted	depict	VERB
cjfa-18795	22	9	with	with	ADP
cjfa-18795	22	10	the	the	DET
cjfa-18795	22	11	questionnaire	questionnaire	NOUN
cjfa-18795	22	12	survey	survey	NOUN
cjfa-18795	22	13	.	.	PUNCT
cjfa-18795	23	1	the	the	DET
cjfa-18795	23	2	corporations	corporation	NOUN
cjfa-18795	23	3	earn	earn	VERB
cjfa-18795	23	4	profits	profit	NOUN
cjfa-18795	23	5	but	but	CCONJ
cjfa-18795	23	6	they	they	PRON
cjfa-18795	23	7	do	do	AUX
cjfa-18795	23	8	not	not	PART
cjfa-18795	23	9	distribute	distribute	VERB
cjfa-18795	23	10	all	all	PRON
cjfa-18795	23	11	of	of	ADP
cjfa-18795	23	12	it	it	PRON
cjfa-18795	23	13	.	.	PUNCT
cjfa-18795	24	1	the	the	DET
cjfa-18795	24	2	part	part	NOUN
cjfa-18795	24	3	of	of	ADP
cjfa-18795	24	4	profit	profit	NOUN
cjfa-18795	24	5	is	be	AUX
cjfa-18795	24	6	ploughed	plough	VERB
cjfa-18795	24	7	back	back	ADV
cjfa-18795	24	8	or	or	CCONJ
cjfa-18795	24	9	held	hold	VERB
cjfa-18795	24	10	back	back	ADP
cjfa-18795	24	11	as	as	ADP
cjfa-18795	24	12	retained	retain	VERB
cjfa-18795	24	13	earnings	earning	NOUN
cjfa-18795	24	14	.	.	PUNCT
cjfa-18795	25	1	the	the	DET
cjfa-18795	25	2	part	part	NOUN
cjfa-18795	25	3	of	of	ADP
cjfa-18795	25	4	the	the	DET
cjfa-18795	25	5	profit	profit	NOUN
cjfa-18795	25	6	is	be	AUX
cjfa-18795	25	7	distributed	distribute	VERB
cjfa-18795	25	8	to	to	ADP
cjfa-18795	25	9	the	the	DET
cjfa-18795	25	10	shareholders	shareholder	NOUN
cjfa-18795	25	11	as	as	ADP
cjfa-18795	25	12	dividend	dividend	NOUN
cjfa-18795	25	13	.	.	PUNCT
cjfa-18795	26	1	the	the	DET
cjfa-18795	26	2	ratio	ratio	NOUN
cjfa-18795	26	3	of	of	ADP
cjfa-18795	26	4	the	the	DET
cjfa-18795	26	5	actual	actual	ADJ
cjfa-18795	26	6	distribution	distribution	NOUN
cjfa-18795	26	7	or	or	CCONJ
cjfa-18795	26	8	dividend	dividend	NOUN
cjfa-18795	26	9	and	and	CCONJ
cjfa-18795	26	10	the	the	DET
cjfa-18795	26	11	total	total	ADJ
cjfa-18795	26	12	distributable	distributable	ADJ
cjfa-18795	26	13	profits	profit	NOUN
cjfa-18795	26	14	is	be	AUX
cjfa-18795	26	15	called	call	VERB
cjfa-18795	26	16	dividend	dividend	NOUN
cjfa-18795	26	17	payout	payout	NOUN
cjfa-18795	26	18	ratio	ratio	NOUN
cjfa-18795	26	19	.	.	PUNCT
cjfa-18795	27	1	how	how	SCONJ
cjfa-18795	27	2	much	much	ADJ
cjfa-18795	27	3	of	of	ADP
cjfa-18795	27	4	its	its	PRON
cjfa-18795	27	5	profits	profit	NOUN
cjfa-18795	27	6	should	should	AUX
cjfa-18795	27	7	a	a	DET
cjfa-18795	27	8	corporation	corporation	NOUN
cjfa-18795	27	9	distribute	distribute	VERB
cjfa-18795	27	10	?	?	PUNCT
cjfa-18795	28	1	there	there	PRON
cjfa-18795	28	2	are	be	VERB
cjfa-18795	28	3	several	several	ADJ
cjfa-18795	28	4	considerations	consideration	NOUN
cjfa-18795	28	5	that	that	PRON
cjfa-18795	28	6	are	be	AUX
cjfa-18795	28	7	applied	apply	VERB
cjfa-18795	28	8	in	in	ADP
cjfa-18795	28	9	answering	answer	VERB
cjfa-18795	28	10	this	this	DET
cjfa-18795	28	11	question	question	NOUN
cjfa-18795	28	12	.	.	PUNCT
cjfa-18795	29	1	hence	hence	ADV
cjfa-18795	29	2	,	,	PUNCT
cjfa-18795	29	3	the	the	DET
cjfa-18795	29	4	companies	company	NOUN
cjfa-18795	29	5	have	have	VERB
cjfa-18795	29	6	to	to	PART
cjfa-18795	29	7	frame	frame	VERB
cjfa-18795	29	8	work	work	NOUN
cjfa-18795	29	9	on	on	ADP
cjfa-18795	29	10	a	a	DET
cjfa-18795	29	11	definitive	definitive	ADJ
cjfa-18795	29	12	policy	policy	NOUN
cjfa-18795	29	13	of	of	ADP
cjfa-18795	29	14	dividend	dividend	NOUN
cjfa-18795	29	15	payout	payout	NOUN
cjfa-18795	29	16	ratio	ratio	NOUN
cjfa-18795	29	17	.	.	PUNCT
cjfa-18795	30	1	of	of	ADP
cjfa-18795	30	2	course	course	NOUN
cjfa-18795	30	3	,	,	PUNCT
cjfa-18795	30	4	no	no	DET
cjfa-18795	30	5	corporate	corporate	ADJ
cjfa-18795	30	6	management	management	NOUN
cjfa-18795	30	7	can	can	AUX
cjfa-18795	30	8	afford	afford	VERB
cjfa-18795	30	9	to	to	ADP
cjfa-18795	30	10	a	a	DET
cjfa-18795	30	11	fixed	fix	VERB
cjfa-18795	30	12	dividend	dividend	NOUN
cjfa-18795	30	13	payout	payout	NOUN
cjfa-18795	30	14	ratio	ratio	NOUN
cjfa-18795	30	15	year	year	NOUN
cjfa-18795	30	16	after	after	ADP
cjfa-18795	30	17	year	year	NOUN
cjfa-18795	30	18	.	.	PUNCT
cjfa-18795	31	1	however	however	ADV
cjfa-18795	31	2	,	,	PUNCT
cjfa-18795	31	3	management	management	NOUN
cjfa-18795	31	4	has	have	VERB
cjfa-18795	31	5	to	to	PART
cjfa-18795	31	6	decide	decide	VERB
cjfa-18795	31	7	its	its	PRON
cjfa-18795	31	8	policy	policy	NOUN
cjfa-18795	31	9	on	on	ADP
cjfa-18795	31	10	its	its	PRON
cjfa-18795	31	11	broad	broad	NOUN
cjfa-18795	31	12	.	.	PUNCT
cjfa-18795	32	1	the	the	DET
cjfa-18795	32	2	dividend	dividend	NOUN
cjfa-18795	32	3	policy	policy	NOUN
cjfa-18795	32	4	is	be	AUX
cjfa-18795	32	5	the	the	DET
cjfa-18795	32	6	policy	policy	NOUN
cjfa-18795	32	7	used	use	VERB
cjfa-18795	32	8	by	by	ADP
cjfa-18795	32	9	a	a	DET
cjfa-18795	32	10	company	company	NOUN
cjfa-18795	32	11	to	to	PART
cjfa-18795	32	12	decide	decide	VERB
cjfa-18795	32	13	how	how	SCONJ
cjfa-18795	32	14	much	much	ADJ
cjfa-18795	32	15	it	it	PRON
cjfa-18795	32	16	will	will	AUX
cjfa-18795	32	17	pay	pay	VERB
cjfa-18795	32	18	out	out	ADP
cjfa-18795	32	19	to	to	ADP
cjfa-18795	32	20	shareholders	shareholder	NOUN
cjfa-18795	32	21	.	.	PUNCT
cjfa-18795	33	1	from	from	ADP
cjfa-18795	33	2	the	the	DET
cjfa-18795	33	3	share	share	NOUN
cjfa-18795	33	4	valuation	valuation	NOUN
cjfa-18795	33	5	model	model	PROPN
cjfa-18795	33	6	,	,	PUNCT
cjfa-18795	33	7	the	the	DET
cjfa-18795	33	8	value	value	NOUN
cjfa-18795	33	9	of	of	ADP
cjfa-18795	33	10	a	a	DET
cjfa-18795	33	11	share	share	NOUN
cjfa-18795	33	12	depends	depend	VERB
cjfa-18795	33	13	very	very	ADV
cjfa-18795	33	14	much	much	ADV
cjfa-18795	33	15	on	on	ADP
cjfa-18795	33	16	the	the	DET
cjfa-18795	33	17	amount	amount	NOUN
cjfa-18795	33	18	of	of	ADP
cjfa-18795	33	19	dividend	dividend	NOUN
cjfa-18795	33	20	distributed	distribute	VERB
cjfa-18795	33	21	to	to	ADP
cjfa-18795	33	22	shareholders	shareholder	NOUN
cjfa-18795	33	23	.	.	PUNCT
cjfa-18795	34	1	the	the	DET
cjfa-18795	34	2	dividends	dividend	NOUN
cjfa-18795	34	3	are	be	AUX
cjfa-18795	34	4	usually	usually	ADV
cjfa-18795	34	5	distributed	distribute	VERB
cjfa-18795	34	6	in	in	ADP
cjfa-18795	34	7	the	the	DET
cjfa-18795	34	8	form	form	NOUN
cjfa-18795	34	9	of	of	ADP
cjfa-18795	34	10	cash	cash	NOUN
cjfa-18795	34	11	or	or	CCONJ
cjfa-18795	34	12	share	share	NOUN
cjfa-18795	34	13	.	.	PUNCT
cjfa-18795	35	1	when	when	SCONJ
cjfa-18795	35	2	a	a	DET
cjfa-18795	35	3	company	company	NOUN
cjfa-18795	35	4	distributes	distribute	VERB
cjfa-18795	35	5	a	a	DET
cjfa-18795	35	6	cash	cash	NOUN
cjfa-18795	35	7	dividend	dividend	NOUN
cjfa-18795	35	8	,	,	PUNCT
cjfa-18795	35	9	it	it	PRON
cjfa-18795	35	10	must	must	AUX
cjfa-18795	35	11	have	have	VERB
cjfa-18795	35	12	sufficient	sufficient	ADJ
cjfa-18795	35	13	cash	cash	NOUN
cjfa-18795	35	14	to	to	PART
cjfa-18795	35	15	do	do	VERB
cjfa-18795	35	16	so	so	ADV
cjfa-18795	35	17	.	.	PUNCT
cjfa-18795	36	1	this	this	PRON
cjfa-18795	36	2	creates	create	VERB
cjfa-18795	36	3	a	a	DET
cjfa-18795	36	4	cash	cash	NOUN
cjfa-18795	36	5	flow	flow	NOUN
cjfa-18795	36	6	issue	issue	NOUN
cjfa-18795	36	7	.	.	PUNCT
cjfa-18795	37	1	this	this	PRON
cjfa-18795	37	2	is	be	AUX
cjfa-18795	37	3	a	a	DET
cjfa-18795	37	4	concern	concern	NOUN
cjfa-18795	37	5	to	to	ADP
cjfa-18795	37	6	the	the	DET
cjfa-18795	37	7	management	management	NOUN
cjfa-18795	37	8	as	as	ADP
cjfa-18795	37	9	insufficient	insufficient	ADJ
cjfa-18795	37	10	cash	cash	NOUN
cjfa-18795	37	11	may	may	AUX
cjfa-18795	37	12	mean	mean	VERB
cjfa-18795	37	13	the	the	DET
cjfa-18795	37	14	company	company	NOUN
cjfa-18795	37	15	is	be	AUX
cjfa-18795	37	16	unable	unable	ADJ
cjfa-18795	37	17	to	to	PART
cjfa-18795	37	18	distribute	distribute	VERB
cjfa-18795	37	19	a	a	DET
cjfa-18795	37	20	dividend	dividend	NOUN
cjfa-18795	37	21	.	.	PUNCT
cjfa-18795	38	1	i	i	PRON
cjfa-18795	38	2	have	have	AUX
cjfa-18795	38	3	shown	show	VERB
cjfa-18795	38	4	the	the	DET
cjfa-18795	38	5	details	detail	NOUN
cjfa-18795	38	6	about	about	ADP
cjfa-18795	38	7	the	the	DET
cjfa-18795	38	8	dividend	dividend	NOUN
cjfa-18795	38	9	scenarios	scenario	NOUN
cjfa-18795	38	10	in	in	ADP
cjfa-18795	38	11	bangladesh	bangladesh	NOUN
cjfa-18795	38	12	based	base	VERB
cjfa-18795	38	13	on	on	ADP
cjfa-18795	38	14	the	the	DET
cjfa-18795	38	15	secondary	secondary	ADJ
cjfa-18795	38	16	data	datum	NOUN
cjfa-18795	38	17	(	(	PUNCT
cjfa-18795	38	18	market	market	NOUN
cjfa-18795	38	19	data	datum	NOUN
cjfa-18795	38	20	and	and	CCONJ
cjfa-18795	38	21	company	company	NOUN
cjfa-18795	38	22	data	datum	NOUN
cjfa-18795	38	23	)	)	PUNCT
cjfa-18795	38	24	and	and	CCONJ
cjfa-18795	38	25	survey	survey	NOUN
cjfa-18795	38	26	from	from	ADP
cjfa-18795	38	27	management	management	NOUN
cjfa-18795	38	28	.	.	PUNCT
cjfa-18795	39	1	previous	previous	ADJ
cjfa-18795	39	2	studies	study	NOUN
cjfa-18795	39	3	out	out	ADP
cjfa-18795	39	4	of	of	ADP
cjfa-18795	39	5	the	the	DET
cjfa-18795	39	6	plethora	plethora	NOUN
cjfa-18795	39	7	of	of	ADP
cjfa-18795	39	8	literatures	literature	NOUN
cjfa-18795	39	9	available	available	ADJ
cjfa-18795	39	10	for	for	ADP
cjfa-18795	39	11	the	the	DET
cjfa-18795	39	12	present	present	ADJ
cjfa-18795	39	13	area	area	NOUN
cjfa-18795	39	14	of	of	ADP
cjfa-18795	39	15	study	study	NOUN
cjfa-18795	39	16	,	,	PUNCT
cjfa-18795	39	17	the	the	DET
cjfa-18795	39	18	following	follow	VERB
cjfa-18795	39	19	literatures	literature	NOUN
cjfa-18795	39	20	are	be	AUX
cjfa-18795	39	21	reviewed	review	VERB
cjfa-18795	39	22	having	have	VERB
cjfa-18795	39	23	primary	primary	ADJ
cjfa-18795	39	24	focus	focus	NOUN
cjfa-18795	39	25	on	on	ADP
cjfa-18795	39	26	finding	find	VERB
cjfa-18795	39	27	out	out	ADP
cjfa-18795	39	28	patterns	pattern	NOUN
cjfa-18795	39	29	in	in	ADP
cjfa-18795	39	30	and	and	CCONJ
cjfa-18795	39	31	issues	issue	NOUN
cjfa-18795	39	32	influencing	influence	VERB
cjfa-18795	39	33	dividend	dividend	NOUN
cjfa-18795	39	34	payment	payment	NOUN
cjfa-18795	39	35	.	.	PUNCT
cjfa-18795	40	1	dividend	dividend	NOUN
cjfa-18795	40	2	practices	practice	NOUN
cjfa-18795	40	3	in	in	ADP
cjfa-18795	40	4	listed	list	VERB
cjfa-18795	40	5	banks	bank	NOUN
cjfa-18795	40	6	of	of	ADP
cjfa-18795	40	7	bangladesh	bangladesh	PROPN
cjfa-18795	40	8	45	45	NUM
cjfa-18795	40	9	lintner	lintner	NOUN
cjfa-18795	40	10	(	(	PUNCT
cjfa-18795	40	11	1956	1956	NUM
cjfa-18795	40	12	)	)	PUNCT
cjfa-18795	40	13	interviewed	interview	VERB
cjfa-18795	40	14	managers	manager	NOUN
cjfa-18795	40	15	from	from	ADP
cjfa-18795	40	16	28	28	NUM
cjfa-18795	40	17	selected	select	VERB
cjfa-18795	40	18	companies	company	NOUN
cjfa-18795	40	19	.	.	PUNCT
cjfa-18795	41	1	he	he	PRON
cjfa-18795	41	2	found	find	VERB
cjfa-18795	41	3	a	a	DET
cjfa-18795	41	4	number	number	NOUN
cjfa-18795	41	5	of	of	ADP
cjfa-18795	41	6	important	important	ADJ
cjfa-18795	41	7	stylized	stylize	VERB
cjfa-18795	41	8	facts	fact	NOUN
cjfa-18795	41	9	underlying	underlie	VERB
cjfa-18795	41	10	the	the	DET
cjfa-18795	41	11	decision	decision	NOUN
cjfa-18795	41	12	to	to	PART
cjfa-18795	41	13	pay	pay	VERB
cjfa-18795	41	14	dividends	dividend	NOUN
cjfa-18795	41	15	,	,	PUNCT
cjfa-18795	41	16	which	which	PRON
cjfa-18795	41	17	can	can	AUX
cjfa-18795	41	18	be	be	AUX
cjfa-18795	41	19	summarized	summarize	VERB
cjfa-18795	41	20	as	as	SCONJ
cjfa-18795	41	21	follows	follow	VERB
cjfa-18795	41	22	:	:	PUNCT
cjfa-18795	41	23	a	a	X
cjfa-18795	41	24	)	)	PUNCT
cjfa-18795	41	25	firms	firm	NOUN
cjfa-18795	41	26	have	have	VERB
cjfa-18795	41	27	long	long	ADJ
cjfa-18795	41	28	-	-	PUNCT
cjfa-18795	41	29	term	term	NOUN
cjfa-18795	41	30	target	target	NOUN
cjfa-18795	41	31	ratios	ratio	NOUN
cjfa-18795	41	32	of	of	ADP
cjfa-18795	41	33	dividend	dividend	NOUN
cjfa-18795	41	34	payout	payout	NOUN
cjfa-18795	41	35	;	;	PUNCT
cjfa-18795	41	36	b	b	X
cjfa-18795	41	37	)	)	PUNCT
cjfa-18795	41	38	managers	manager	NOUN
cjfa-18795	41	39	focus	focus	VERB
cjfa-18795	41	40	more	more	ADV
cjfa-18795	41	41	on	on	ADP
cjfa-18795	41	42	dividend	dividend	NOUN
cjfa-18795	41	43	changes	change	NOUN
cjfa-18795	41	44	than	than	ADP
cjfa-18795	41	45	on	on	ADP
cjfa-18795	41	46	absolute	absolute	ADJ
cjfa-18795	41	47	levels	level	NOUN
cjfa-18795	41	48	;	;	PUNCT
cjfa-18795	41	49	c	c	X
cjfa-18795	41	50	)	)	PUNCT
cjfa-18795	41	51	dividend	dividend	NOUN
cjfa-18795	41	52	changes	change	NOUN
cjfa-18795	41	53	follow	follow	VERB
cjfa-18795	41	54	shifts	shift	NOUN
cjfa-18795	41	55	in	in	ADP
cjfa-18795	41	56	long	long	ADJ
cjfa-18795	41	57	run	run	NOUN
cjfa-18795	41	58	,	,	PUNCT
cjfa-18795	41	59	sustainable	sustainable	ADJ
cjfa-18795	41	60	levels	level	NOUN
cjfa-18795	41	61	of	of	ADP
cjfa-18795	41	62	earnings	earning	NOUN
cjfa-18795	41	63	rather	rather	ADV
cjfa-18795	41	64	than	than	ADP
cjfa-18795	41	65	short	short	ADJ
cjfa-18795	41	66	-	-	PUNCT
cjfa-18795	41	67	run	run	NOUN
cjfa-18795	41	68	changes	change	NOUN
cjfa-18795	41	69	in	in	ADP
cjfa-18795	41	70	earnings	earning	NOUN
cjfa-18795	41	71	;	;	PUNCT
cjfa-18795	41	72	d	d	X
cjfa-18795	41	73	)	)	PUNCT
cjfa-18795	41	74	managers	manager	NOUN
cjfa-18795	41	75	are	be	AUX
cjfa-18795	41	76	reluctant	reluctant	ADJ
cjfa-18795	41	77	to	to	PART
cjfa-18795	41	78	make	make	VERB
cjfa-18795	41	79	dividend	dividend	NOUN
cjfa-18795	41	80	changes	change	NOUN
cjfa-18795	41	81	that	that	PRON
cjfa-18795	41	82	might	might	AUX
cjfa-18795	41	83	have	have	VERB
cjfa-18795	41	84	to	to	PART
cjfa-18795	41	85	be	be	AUX
cjfa-18795	41	86	reversed	reverse	VERB
cjfa-18795	41	87	.	.	PUNCT
cjfa-18795	42	1	prior	prior	ADV
cjfa-18795	42	2	to	to	ADP
cjfa-18795	42	3	miller	miller	PROPN
cjfa-18795	42	4	and	and	CCONJ
cjfa-18795	42	5	modigliani	modigliani	PROPN
cjfa-18795	42	6	(	(	PUNCT
cjfa-18795	42	7	1961	1961	NUM
cjfa-18795	42	8	)	)	PUNCT
cjfa-18795	42	9	,	,	PUNCT
cjfa-18795	42	10	there	there	PRON
cjfa-18795	42	11	was	be	VERB
cjfa-18795	42	12	a	a	DET
cjfa-18795	42	13	lack	lack	NOUN
cjfa-18795	42	14	of	of	ADP
cjfa-18795	42	15	the	the	DET
cjfa-18795	42	16	literature	literature	NOUN
cjfa-18795	42	17	of	of	ADP
cjfa-18795	42	18	a	a	DET
cjfa-18795	42	19	complete	complete	ADJ
cjfa-18795	42	20	and	and	CCONJ
cjfa-18795	42	21	reliable	reliable	ADJ
cjfa-18795	42	22	theoretical	theoretical	ADJ
cjfa-18795	42	23	model	model	NOUN
cjfa-18795	42	24	of	of	ADP
cjfa-18795	42	25	the	the	DET
cjfa-18795	42	26	effect	effect	NOUN
cjfa-18795	42	27	of	of	ADP
cjfa-18795	42	28	a	a	DET
cjfa-18795	42	29	firm	firm	NOUN
cjfa-18795	42	30	's	's	PART
cjfa-18795	42	31	dividend	dividend	NOUN
cjfa-18795	42	32	policy	policy	NOUN
cjfa-18795	42	33	on	on	ADP
cjfa-18795	42	34	the	the	DET
cjfa-18795	42	35	current	current	ADJ
cjfa-18795	42	36	price	price	NOUN
cjfa-18795	42	37	of	of	ADP
cjfa-18795	42	38	its	its	PRON
cjfa-18795	42	39	shares	share	NOUN
cjfa-18795	42	40	.	.	PUNCT
cjfa-18795	43	1	mm	mm	INTJ
cjfa-18795	43	2	(	(	PUNCT
cjfa-18795	43	3	1961	1961	NUM
cjfa-18795	43	4	)	)	PUNCT
cjfa-18795	43	5	are	be	AUX
cjfa-18795	43	6	the	the	DET
cjfa-18795	43	7	first	first	ADJ
cjfa-18795	43	8	to	to	PART
cjfa-18795	43	9	challenge	challenge	VERB
cjfa-18795	43	10	the	the	DET
cjfa-18795	43	11	belief	belief	NOUN
cjfa-18795	43	12	that	that	SCONJ
cjfa-18795	43	13	a	a	DET
cjfa-18795	43	14	higher	high	ADJ
cjfa-18795	43	15	dividend	dividend	NOUN
cjfa-18795	43	16	payout	payout	NOUN
cjfa-18795	43	17	translates	translate	VERB
cjfa-18795	43	18	into	into	ADP
cjfa-18795	43	19	higher	high	ADJ
cjfa-18795	43	20	firm	firm	ADJ
cjfa-18795	43	21	value	value	NOUN
cjfa-18795	43	22	.	.	PUNCT
cjfa-18795	44	1	they	they	PRON
cjfa-18795	44	2	concluded	conclude	VERB
cjfa-18795	44	3	that	that	SCONJ
cjfa-18795	44	4	only	only	ADV
cjfa-18795	44	5	investment	investment	NOUN
cjfa-18795	44	6	policy	policy	NOUN
cjfa-18795	44	7	rather	rather	ADV
cjfa-18795	44	8	than	than	ADP
cjfa-18795	44	9	dividend	dividend	NOUN
cjfa-18795	44	10	policy	policy	NOUN
cjfa-18795	44	11	determines	determine	VERB
cjfa-18795	44	12	firm	firm	ADJ
cjfa-18795	44	13	value	value	NOUN
cjfa-18795	44	14	in	in	ADP
cjfa-18795	44	15	an	an	DET
cjfa-18795	44	16	ideal	ideal	ADJ
cjfa-18795	44	17	economy	economy	NOUN
cjfa-18795	44	18	.	.	PUNCT
cjfa-18795	45	1	dividend	dividend	NOUN
cjfa-18795	45	2	policy	policy	NOUN
cjfa-18795	45	3	merely	merely	ADV
cjfa-18795	45	4	establishes	establish	VERB
cjfa-18795	45	5	a	a	DET
cjfa-18795	45	6	tradeoff	tradeoff	NOUN
cjfa-18795	45	7	between	between	ADP
cjfa-18795	45	8	dividends	dividend	NOUN
cjfa-18795	45	9	at	at	ADP
cjfa-18795	45	10	one	one	NUM
cjfa-18795	45	11	date	date	NOUN
cjfa-18795	45	12	and	and	CCONJ
cjfa-18795	45	13	dividends	dividend	NOUN
cjfa-18795	45	14	at	at	ADP
cjfa-18795	45	15	another	another	DET
cjfa-18795	45	16	date	date	NOUN
cjfa-18795	45	17	because	because	SCONJ
cjfa-18795	45	18	both	both	CCONJ
cjfa-18795	45	19	the	the	DET
cjfa-18795	45	20	corporations	corporation	NOUN
cjfa-18795	45	21	and	and	CCONJ
cjfa-18795	45	22	the	the	DET
cjfa-18795	45	23	individual	individual	ADJ
cjfa-18795	45	24	investors	investor	NOUN
cjfa-18795	45	25	can	can	AUX
cjfa-18795	45	26	create	create	VERB
cjfa-18795	45	27	any	any	DET
cjfa-18795	45	28	cash	cash	NOUN
cjfa-18795	45	29	inflow	inflow	NOUN
cjfa-18795	45	30	stream	stream	NOUN
cjfa-18795	45	31	by	by	ADP
cjfa-18795	45	32	making	make	VERB
cjfa-18795	45	33	homemade	homemade	ADJ
cjfa-18795	45	34	dividends	dividend	NOUN
cjfa-18795	45	35	.	.	PUNCT
cjfa-18795	46	1	it	it	PRON
cjfa-18795	46	2	means	mean	VERB
cjfa-18795	46	3	that	that	SCONJ
cjfa-18795	46	4	any	any	DET
cjfa-18795	46	5	desired	desire	VERB
cjfa-18795	46	6	stream	stream	NOUN
cjfa-18795	46	7	of	of	ADP
cjfa-18795	46	8	payments	payment	NOUN
cjfa-18795	46	9	can	can	AUX
cjfa-18795	46	10	be	be	AUX
cjfa-18795	46	11	replicated	replicate	VERB
cjfa-18795	46	12	by	by	ADP
cjfa-18795	46	13	appropriate	appropriate	ADJ
cjfa-18795	46	14	purchases	purchase	NOUN
cjfa-18795	46	15	and	and	CCONJ
cjfa-18795	46	16	sales	sale	NOUN
cjfa-18795	46	17	of	of	ADP
cjfa-18795	46	18	equity	equity	NOUN
cjfa-18795	46	19	.	.	PUNCT
cjfa-18795	47	1	thus	thus	ADV
cjfa-18795	47	2	,	,	PUNCT
cjfa-18795	47	3	investors	investor	NOUN
cjfa-18795	47	4	will	will	AUX
cjfa-18795	47	5	not	not	PART
cjfa-18795	47	6	pay	pay	VERB
cjfa-18795	47	7	a	a	DET
cjfa-18795	47	8	premium	premium	NOUN
cjfa-18795	47	9	for	for	ADP
cjfa-18795	47	10	any	any	DET
cjfa-18795	47	11	particular	particular	ADJ
cjfa-18795	47	12	dividend	dividend	NOUN
cjfa-18795	47	13	policy	policy	NOUN
cjfa-18795	47	14	.	.	PUNCT
cjfa-18795	48	1	the	the	DET
cjfa-18795	48	2	net	net	ADJ
cjfa-18795	48	3	payout	payout	NOUN
cjfa-18795	48	4	can	can	AUX
cjfa-18795	48	5	be	be	AUX
cjfa-18795	48	6	considered	consider	VERB
cjfa-18795	48	7	as	as	ADP
cjfa-18795	48	8	the	the	DET
cjfa-18795	48	9	difference	difference	NOUN
cjfa-18795	48	10	between	between	ADP
cjfa-18795	48	11	the	the	DET
cjfa-18795	48	12	wealth	wealth	NOUN
cjfa-18795	48	13	generated	generate	VERB
cjfa-18795	48	14	from	from	ADP
cjfa-18795	48	15	preceding	precede	VERB
cjfa-18795	48	16	investment	investment	NOUN
cjfa-18795	48	17	and	and	CCONJ
cjfa-18795	48	18	the	the	DET
cjfa-18795	48	19	amount	amount	NOUN
cjfa-18795	48	20	of	of	ADP
cjfa-18795	48	21	capital	capital	NOUN
cjfa-18795	48	22	required	require	VERB
cjfa-18795	48	23	by	by	ADP
cjfa-18795	48	24	the	the	DET
cjfa-18795	48	25	future	future	ADJ
cjfa-18795	48	26	opportunity	opportunity	NOUN
cjfa-18795	48	27	of	of	ADP
cjfa-18795	48	28	growth	growth	NOUN
cjfa-18795	48	29	,	,	PUNCT
cjfa-18795	48	30	and	and	CCONJ
cjfa-18795	48	31	is	be	AUX
cjfa-18795	48	32	simply	simply	ADV
cjfa-18795	48	33	a	a	DET
cjfa-18795	48	34	residual	residual	ADJ
cjfa-18795	48	35	.	.	PUNCT
cjfa-18795	49	1	investors	investor	NOUN
cjfa-18795	49	2	prefer	prefer	VERB
cjfa-18795	49	3	cash	cash	NOUN
cjfa-18795	49	4	in	in	ADP
cjfa-18795	49	5	the	the	DET
cjfa-18795	49	6	hand	hand	NOUN
cjfa-18795	49	7	rather	rather	ADV
cjfa-18795	49	8	than	than	ADP
cjfa-18795	49	9	a	a	DET
cjfa-18795	49	10	future	future	ADJ
cjfa-18795	49	11	promise	promise	NOUN
cjfa-18795	49	12	of	of	ADP
cjfa-18795	49	13	capital	capital	NOUN
cjfa-18795	49	14	gains	gain	NOUN
cjfa-18795	49	15	due	due	ADJ
cjfa-18795	49	16	to	to	ADP
cjfa-18795	49	17	lower	low	ADJ
cjfa-18795	49	18	risk	risk	NOUN
cjfa-18795	49	19	(	(	PUNCT
cjfa-18795	49	20	gordon	gordon	PROPN
cjfa-18795	49	21	,	,	PUNCT
cjfa-18795	49	22	1962	1962	NUM
cjfa-18795	49	23	,	,	PUNCT
cjfa-18795	49	24	1963	1963	NUM
cjfa-18795	49	25	;	;	PUNCT
cjfa-18795	49	26	walter	walter	PROPN
cjfa-18795	49	27	,	,	PUNCT
cjfa-18795	49	28	1963	1963	NUM
cjfa-18795	49	29	)	)	PUNCT
cjfa-18795	49	30	.	.	PUNCT
cjfa-18795	50	1	the	the	DET
cjfa-18795	50	2	corporate	corporate	ADJ
cjfa-18795	50	3	finance	finance	NOUN
cjfa-18795	50	4	literature	literature	NOUN
cjfa-18795	50	5	offers	offer	VERB
cjfa-18795	50	6	a	a	DET
cjfa-18795	50	7	variety	variety	NOUN
cjfa-18795	50	8	of	of	ADP
cjfa-18795	50	9	explanations	explanation	NOUN
cjfa-18795	50	10	for	for	ADP
cjfa-18795	50	11	dividends	dividend	NOUN
cjfa-18795	50	12	and	and	CCONJ
cjfa-18795	50	13	the	the	DET
cjfa-18795	50	14	puzzle	puzzle	NOUN
cjfa-18795	50	15	that	that	PRON
cjfa-18795	50	16	they	they	PRON
cjfa-18795	50	17	present	present	VERB
cjfa-18795	50	18	.	.	PUNCT
cjfa-18795	51	1	in	in	ADP
cjfa-18795	51	2	essence	essence	NOUN
cjfa-18795	51	3	,	,	PUNCT
cjfa-18795	51	4	three	three	NUM
cjfa-18795	51	5	fundamental	fundamental	ADJ
cjfa-18795	51	6	positions	position	NOUN
cjfa-18795	51	7	can	can	AUX
cjfa-18795	51	8	be	be	AUX
cjfa-18795	51	9	found	find	VERB
cjfa-18795	51	10	in	in	ADP
cjfa-18795	51	11	the	the	DET
cjfa-18795	51	12	literature	literature	NOUN
cjfa-18795	51	13	with	with	ADP
cjfa-18795	51	14	respect	respect	NOUN
cjfa-18795	51	15	to	to	ADP
cjfa-18795	51	16	dividends	dividend	NOUN
cjfa-18795	51	17	.	.	PUNCT
cjfa-18795	52	1	the	the	DET
cjfa-18795	52	2	first	first	ADJ
cjfa-18795	52	3	of	of	ADP
cjfa-18795	52	4	these	these	PRON
cjfa-18795	52	5	,	,	PUNCT
cjfa-18795	52	6	the	the	DET
cjfa-18795	52	7	so	so	ADV
cjfa-18795	52	8	-	-	PUNCT
cjfa-18795	52	9	called	call	VERB
cjfa-18795	52	10	‘	'	PUNCT
cjfa-18795	52	11	bird	bird	NOUN
cjfa-18795	52	12	-	-	PUNCT
cjfa-18795	52	13	inthe	inthe	ADJ
cjfa-18795	52	14	hand	hand	NOUN
cjfa-18795	52	15	’	'	PUNCT
cjfa-18795	52	16	hypothesis	hypothesis	NOUN
cjfa-18795	52	17	(	(	PUNCT
cjfa-18795	52	18	gordon	gordon	PROPN
cjfa-18795	52	19	&	&	CCONJ
cjfa-18795	52	20	shapiro	shapiro	PROPN
cjfa-18795	52	21	,	,	PUNCT
cjfa-18795	52	22	1956	1956	NUM
cjfa-18795	52	23	)	)	PUNCT
cjfa-18795	52	24	posits	posit	NOUN
cjfa-18795	52	25	that	that	SCONJ
cjfa-18795	52	26	dividends	dividend	NOUN
cjfa-18795	52	27	can	can	AUX
cjfa-18795	52	28	increase	increase	VERB
cjfa-18795	52	29	firm	firm	ADJ
cjfa-18795	52	30	value	value	NOUN
cjfa-18795	52	31	by	by	ADP
cjfa-18795	52	32	reducing	reduce	VERB
cjfa-18795	52	33	the	the	DET
cjfa-18795	52	34	risk	risk	NOUN
cjfa-18795	52	35	perceived	perceive	VERB
cjfa-18795	52	36	by	by	ADP
cjfa-18795	52	37	investor	investor	NOUN
cjfa-18795	52	38	in	in	ADP
cjfa-18795	52	39	corporate	corporate	ADJ
cjfa-18795	52	40	cash	cash	NOUN
cjfa-18795	52	41	flows	flow	NOUN
cjfa-18795	52	42	.	.	PUNCT
cjfa-18795	53	1	it	it	PRON
cjfa-18795	53	2	holds	hold	VERB
cjfa-18795	53	3	that	that	SCONJ
cjfa-18795	53	4	,	,	PUNCT
cjfa-18795	53	5	other	other	ADJ
cjfa-18795	53	6	things	thing	NOUN
cjfa-18795	53	7	equal	equal	ADJ
cjfa-18795	53	8	,	,	PUNCT
cjfa-18795	53	9	if	if	SCONJ
cjfa-18795	53	10	two	two	NUM
cjfa-18795	53	11	firms	firm	NOUN
cjfa-18795	53	12	,	,	PUNCT
cjfa-18795	53	13	a	a	PRON
cjfa-18795	53	14	and	and	CCONJ
cjfa-18795	53	15	b	b	NOUN
cjfa-18795	53	16	,	,	PUNCT
cjfa-18795	53	17	are	be	AUX
cjfa-18795	53	18	identical	identical	ADJ
cjfa-18795	53	19	in	in	ADP
cjfa-18795	53	20	all	all	DET
cjfa-18795	53	21	respects	respect	NOUN
cjfa-18795	53	22	save	save	VERB
cjfa-18795	53	23	that	that	DET
cjfa-18795	53	24	firm	firm	NOUN
cjfa-18795	53	25	a	a	DET
cjfa-18795	53	26	pays	pay	VERB
cjfa-18795	53	27	a	a	DET
cjfa-18795	53	28	dividend	dividend	NOUN
cjfa-18795	53	29	with	with	ADP
cjfa-18795	53	30	expectations	expectation	NOUN
cjfa-18795	53	31	of	of	ADP
cjfa-18795	53	32	future	future	ADJ
cjfa-18795	53	33	dividend	dividend	NOUN
cjfa-18795	53	34	growth	growth	NOUN
cjfa-18795	53	35	,	,	PUNCT
cjfa-18795	53	36	then	then	ADV
cjfa-18795	53	37	a	a	PRON
cjfa-18795	53	38	will	will	AUX
cjfa-18795	53	39	have	have	VERB
cjfa-18795	53	40	a	a	DET
cjfa-18795	53	41	higher	high	ADJ
cjfa-18795	53	42	share	share	NOUN
cjfa-18795	53	43	price	price	NOUN
cjfa-18795	53	44	.	.	PUNCT
cjfa-18795	54	1	signaling	signal	VERB
cjfa-18795	54	2	models	model	NOUN
cjfa-18795	54	3	were	be	AUX
cjfa-18795	54	4	first	first	ADV
cjfa-18795	54	5	developed	develop	VERB
cjfa-18795	54	6	in	in	ADP
cjfa-18795	54	7	the	the	DET
cjfa-18795	54	8	late	late	ADJ
cjfa-18795	54	9	1970s	1970	NOUN
cjfa-18795	54	10	and	and	CCONJ
cjfa-18795	54	11	early	early	ADJ
cjfa-18795	54	12	1980s	1980s	NUM
cjfa-18795	54	13	.	.	PUNCT
cjfa-18795	55	1	akerlof	akerlof	NOUN
cjfa-18795	55	2	(	(	PUNCT
cjfa-18795	55	3	1970	1970	NUM
cjfa-18795	55	4	)	)	PUNCT
cjfa-18795	55	5	explained	explain	VERB
cjfa-18795	55	6	the	the	DET
cjfa-18795	55	7	cost	cost	NOUN
cjfa-18795	55	8	of	of	ADP
cjfa-18795	55	9	asymmetry	asymmetry	NOUN
cjfa-18795	55	10	information	information	NOUN
cjfa-18795	55	11	by	by	ADP
cjfa-18795	55	12	applying	apply	VERB
cjfa-18795	55	13	the	the	DET
cjfa-18795	55	14	market	market	NOUN
cjfa-18795	55	15	for	for	ADP
cjfa-18795	55	16	used	used	ADJ
cjfa-18795	55	17	car	car	NOUN
cjfa-18795	55	18	as	as	ADP
cjfa-18795	55	19	a	a	DET
cjfa-18795	55	20	pooling	pool	VERB
cjfa-18795	55	21	equilibrium	equilibrium	NOUN
cjfa-18795	55	22	in	in	ADP
cjfa-18795	55	23	the	the	DET
cjfa-18795	55	24	absence	absence	NOUN
cjfa-18795	55	25	of	of	ADP
cjfa-18795	55	26	signaling	signal	VERB
cjfa-18795	55	27	activities	activity	NOUN
cjfa-18795	55	28	.	.	PUNCT
cjfa-18795	56	1	next	next	ADV
cjfa-18795	56	2	,	,	PUNCT
cjfa-18795	56	3	using	use	VERB
cjfa-18795	56	4	a	a	DET
cjfa-18795	56	5	scenario	scenario	NOUN
cjfa-18795	56	6	in	in	ADP
cjfa-18795	56	7	the	the	DET
cjfa-18795	56	8	employment	employment	NOUN
cjfa-18795	56	9	market	market	NOUN
cjfa-18795	56	10	,	,	PUNCT
cjfa-18795	56	11	spence	spence	NOUN
cjfa-18795	56	12	(	(	PUNCT
cjfa-18795	56	13	1973	1973	NUM
cjfa-18795	56	14	,	,	PUNCT
cjfa-18795	56	15	1974	1974	NUM
cjfa-18795	56	16	)	)	PUNCT
cjfa-18795	56	17	carries	carry	VERB
cjfa-18795	56	18	mohammad	mohammad	PROPN
cjfa-18795	56	19	shahidul	shahidul	PROPN
cjfa-18795	56	20	islam46	islam46	VERB
cjfa-18795	56	21	out	out	ADP
cjfa-18795	56	22	a	a	DET
cjfa-18795	56	23	formal	formal	ADJ
cjfa-18795	56	24	partial	partial	ADJ
cjfa-18795	56	25	equilibrium	equilibrium	NOUN
cjfa-18795	56	26	analysis	analysis	NOUN
cjfa-18795	56	27	of	of	ADP
cjfa-18795	56	28	market	market	NOUN
cjfa-18795	56	29	signaling	signal	VERB
cjfa-18795	56	30	.	.	PUNCT
cjfa-18795	57	1	spence	spence	NOUN
cjfa-18795	57	2	’s	’s	PART
cjfa-18795	57	3	(	(	PUNCT
cjfa-18795	57	4	1974	1974	NUM
cjfa-18795	57	5	)	)	PUNCT
cjfa-18795	57	6	signaling	signal	VERB
cjfa-18795	57	7	model	model	NOUN
cjfa-18795	57	8	has	have	AUX
cjfa-18795	57	9	been	be	AUX
cjfa-18795	57	10	extensively	extensively	ADV
cjfa-18795	57	11	used	use	VERB
cjfa-18795	57	12	by	by	ADP
cjfa-18795	57	13	some	some	DET
cjfa-18795	57	14	researchers	researcher	NOUN
cjfa-18795	57	15	to	to	PART
cjfa-18795	57	16	study	study	VERB
cjfa-18795	57	17	financial	financial	ADJ
cjfa-18795	57	18	models	model	NOUN
cjfa-18795	57	19	of	of	ADP
cjfa-18795	57	20	signaling	signal	VERB
cjfa-18795	57	21	.	.	PUNCT
cjfa-18795	58	1	managers	manager	NOUN
cjfa-18795	58	2	give	give	VERB
cjfa-18795	58	3	investors	investor	NOUN
cjfa-18795	58	4	what	what	PRON
cjfa-18795	58	5	they	they	PRON
cjfa-18795	58	6	currently	currently	ADV
cjfa-18795	58	7	want	want	VERB
cjfa-18795	58	8	.	.	PUNCT
cjfa-18795	59	1	that	that	PRON
cjfa-18795	59	2	is	be	AUX
cjfa-18795	59	3	,	,	PUNCT
cjfa-18795	59	4	they	they	PRON
cjfa-18795	59	5	cater	cater	VERB
cjfa-18795	59	6	to	to	ADP
cjfa-18795	59	7	investor	investor	NOUN
cjfa-18795	59	8	demand	demand	NOUN
cjfa-18795	59	9	by	by	ADP
cjfa-18795	59	10	paying	pay	VERB
cjfa-18795	59	11	dividends	dividend	NOUN
cjfa-18795	59	12	when	when	SCONJ
cjfa-18795	59	13	investors	investor	NOUN
cjfa-18795	59	14	put	put	VERB
cjfa-18795	59	15	a	a	DET
cjfa-18795	59	16	stock	stock	NOUN
cjfa-18795	59	17	price	price	NOUN
cjfa-18795	59	18	premium	premium	NOUN
cjfa-18795	59	19	on	on	ADP
cjfa-18795	59	20	payers	payer	NOUN
cjfa-18795	59	21	,	,	PUNCT
cjfa-18795	59	22	and	and	CCONJ
cjfa-18795	59	23	by	by	ADP
cjfa-18795	59	24	not	not	PART
cjfa-18795	59	25	paying	pay	VERB
cjfa-18795	59	26	when	when	SCONJ
cjfa-18795	59	27	investors	investor	NOUN
cjfa-18795	59	28	prefer	prefer	VERB
cjfa-18795	59	29	non	non	ADJ
cjfa-18795	59	30	payers	payer	NOUN
cjfa-18795	59	31	(	(	PUNCT
cjfa-18795	59	32	baker	baker	PROPN
cjfa-18795	59	33	&	&	CCONJ
cjfa-18795	59	34	wurgler	wurgler	PROPN
cjfa-18795	59	35	,	,	PUNCT
cjfa-18795	59	36	2004a	2004a	NUM
cjfa-18795	59	37	,	,	PUNCT
cjfa-18795	59	38	2004b	2004b	NUM
cjfa-18795	59	39	)	)	PUNCT
cjfa-18795	59	40	.	.	PUNCT
cjfa-18795	60	1	compared	compare	VERB
cjfa-18795	60	2	with	with	ADP
cjfa-18795	60	3	the	the	DET
cjfa-18795	60	4	traditional	traditional	ADJ
cjfa-18795	60	5	rationality	rationality	NOUN
cjfa-18795	60	6	assumptions	assumption	NOUN
cjfa-18795	60	7	,	,	PUNCT
cjfa-18795	60	8	behavioral	behavioral	ADJ
cjfa-18795	60	9	corporate	corporate	ADJ
cjfa-18795	60	10	finance	finance	NOUN
cjfa-18795	60	11	is	be	AUX
cjfa-18795	60	12	potentially	potentially	ADV
cjfa-18795	60	13	more	more	ADV
cjfa-18795	60	14	realistic	realistic	ADJ
cjfa-18795	60	15	,	,	PUNCT
cjfa-18795	60	16	in	in	SCONJ
cjfa-18795	60	17	that	that	SCONJ
cjfa-18795	60	18	it	it	PRON
cjfa-18795	60	19	emphasizes	emphasize	VERB
cjfa-18795	60	20	that	that	SCONJ
cjfa-18795	60	21	both	both	CCONJ
cjfa-18795	60	22	investor	investor	NOUN
cjfa-18795	60	23	and	and	CCONJ
cjfa-18795	60	24	managerial	managerial	ADJ
cjfa-18795	60	25	behaviors	behavior	NOUN
cjfa-18795	60	26	are	be	AUX
cjfa-18795	60	27	less	less	ADJ
cjfa-18795	60	28	than	than	ADP
cjfa-18795	60	29	fully	fully	ADV
cjfa-18795	60	30	rational	rational	ADJ
cjfa-18795	60	31	.	.	PUNCT
cjfa-18795	61	1	in	in	ADP
cjfa-18795	61	2	practice	practice	NOUN
cjfa-18795	61	3	,	,	PUNCT
cjfa-18795	61	4	corporate	corporate	ADJ
cjfa-18795	61	5	payout	payout	NOUN
cjfa-18795	61	6	policy	policy	NOUN
cjfa-18795	61	7	can	can	AUX
cjfa-18795	61	8	be	be	AUX
cjfa-18795	61	9	influenced	influence	VERB
cjfa-18795	61	10	by	by	ADP
cjfa-18795	61	11	the	the	DET
cjfa-18795	61	12	irrational	irrational	ADJ
cjfa-18795	61	13	actions	action	NOUN
cjfa-18795	61	14	of	of	ADP
cjfa-18795	61	15	managers	manager	NOUN
cjfa-18795	61	16	and/or	and/or	CCONJ
cjfa-18795	61	17	investors	investor	NOUN
cjfa-18795	61	18	(	(	PUNCT
cjfa-18795	61	19	barberis	barberis	PROPN
cjfa-18795	61	20	&	&	CCONJ
cjfa-18795	61	21	thaler	thaler	PROPN
cjfa-18795	61	22	,	,	PUNCT
cjfa-18795	61	23	2003	2003	NUM
cjfa-18795	61	24	;	;	PUNCT
cjfa-18795	61	25	baker	baker	PROPN
cjfa-18795	61	26	,	,	PUNCT
cjfa-18795	61	27	saadi	saadi	PROPN
cjfa-18795	61	28	,	,	PUNCT
cjfa-18795	61	29	dutta	dutta	PROPN
cjfa-18795	61	30	&	&	CCONJ
cjfa-18795	61	31	gandhi	gandhi	PROPN
cjfa-18795	61	32	,	,	PUNCT
cjfa-18795	61	33	2007	2007	NUM
cjfa-18795	61	34	)	)	PUNCT
cjfa-18795	61	35	.	.	PUNCT
cjfa-18795	62	1	dividends	dividend	NOUN
cjfa-18795	62	2	help	help	VERB
cjfa-18795	62	3	to	to	PART
cjfa-18795	62	4	reduce	reduce	VERB
cjfa-18795	62	5	the	the	DET
cjfa-18795	62	6	agency	agency	NOUN
cjfa-18795	62	7	costs	cost	NOUN
cjfa-18795	62	8	associated	associate	VERB
cjfa-18795	62	9	with	with	ADP
cjfa-18795	62	10	the	the	DET
cjfa-18795	62	11	separation	separation	NOUN
cjfa-18795	62	12	of	of	ADP
cjfa-18795	62	13	ownership	ownership	NOUN
cjfa-18795	62	14	and	and	CCONJ
cjfa-18795	62	15	control	control	NOUN
cjfa-18795	62	16	(	(	PUNCT
cjfa-18795	62	17	jensen	jensen	PROPN
cjfa-18795	62	18	&	&	CCONJ
cjfa-18795	62	19	meckling	meckling	PROPN
cjfa-18795	62	20	,	,	PUNCT
cjfa-18795	62	21	1976	1976	NUM
cjfa-18795	62	22	;	;	PUNCT
cjfa-18795	62	23	rozeff	rozeff	NOUN
cjfa-18795	62	24	,	,	PUNCT
cjfa-18795	62	25	1982	1982	NUM
cjfa-18795	62	26	;	;	PUNCT
cjfa-18795	62	27	easterbrook	easterbrook	NOUN
cjfa-18795	62	28	,	,	PUNCT
cjfa-18795	62	29	1984	1984	NUM
cjfa-18795	62	30	;	;	PUNCT
cjfa-18795	62	31	jensen	jensen	PROPN
cjfa-18795	62	32	,	,	PUNCT
cjfa-18795	62	33	1986	1986	NUM
cjfa-18795	62	34	)	)	PUNCT
cjfa-18795	62	35	.	.	PUNCT
cjfa-18795	63	1	miller	miller	PROPN
cjfa-18795	63	2	and	and	CCONJ
cjfa-18795	63	3	modigliani	modigliani	PROPN
cjfa-18795	63	4	(	(	PUNCT
cjfa-18795	63	5	1961	1961	NUM
cjfa-18795	63	6	)	)	PUNCT
cjfa-18795	63	7	proposed	propose	VERB
cjfa-18795	63	8	that	that	SCONJ
cjfa-18795	63	9	,	,	PUNCT
cjfa-18795	63	10	in	in	ADP
cjfa-18795	63	11	frictionless	frictionless	PROPN
cjfa-18795	63	12	environment	environment	PROPN
cjfa-18795	63	13	,	,	PUNCT
cjfa-18795	63	14	the	the	DET
cjfa-18795	63	15	choice	choice	NOUN
cjfa-18795	63	16	between	between	ADP
cjfa-18795	63	17	cash	cash	NOUN
cjfa-18795	63	18	distribution	distribution	NOUN
cjfa-18795	63	19	and	and	CCONJ
cjfa-18795	63	20	retention	retention	NOUN
cjfa-18795	63	21	will	will	AUX
cjfa-18795	63	22	not	not	PART
cjfa-18795	63	23	affect	affect	VERB
cjfa-18795	63	24	substantially	substantially	ADV
cjfa-18795	63	25	the	the	DET
cjfa-18795	63	26	firm	firm	ADJ
cjfa-18795	63	27	value	value	NOUN
cjfa-18795	63	28	,	,	PUNCT
cjfa-18795	63	29	and	and	CCONJ
cjfa-18795	63	30	only	only	ADV
cjfa-18795	63	31	investment	investment	NOUN
cjfa-18795	63	32	decisions	decision	NOUN
cjfa-18795	63	33	matter	matter	NOUN
cjfa-18795	63	34	.	.	PUNCT
cjfa-18795	64	1	however	however	ADV
cjfa-18795	64	2	,	,	PUNCT
cjfa-18795	64	3	in	in	ADP
cjfa-18795	64	4	the	the	DET
cjfa-18795	64	5	real	real	ADJ
cjfa-18795	64	6	world	world	NOUN
cjfa-18795	64	7	the	the	DET
cjfa-18795	64	8	conflicts	conflict	NOUN
cjfa-18795	64	9	of	of	ADP
cjfa-18795	64	10	interests	interest	NOUN
cjfa-18795	64	11	among	among	ADP
cjfa-18795	64	12	managers	manager	NOUN
cjfa-18795	64	13	,	,	PUNCT
cjfa-18795	64	14	shareholders	shareholder	NOUN
cjfa-18795	64	15	and	and	CCONJ
cjfa-18795	64	16	debt	debt	NOUN
cjfa-18795	64	17	holders	holder	NOUN
cjfa-18795	64	18	may	may	AUX
cjfa-18795	64	19	hurt	hurt	VERB
cjfa-18795	64	20	the	the	DET
cjfa-18795	64	21	firm	firm	ADJ
cjfa-18795	64	22	value	value	NOUN
cjfa-18795	64	23	.	.	PUNCT
cjfa-18795	65	1	dividend	dividend	NOUN
cjfa-18795	65	2	policy	policy	NOUN
cjfa-18795	65	3	will	will	AUX
cjfa-18795	65	4	be	be	AUX
cjfa-18795	65	5	relevant	relevant	ADJ
cjfa-18795	65	6	if	if	SCONJ
cjfa-18795	65	7	it	it	PRON
cjfa-18795	65	8	affects	affect	VERB
cjfa-18795	65	9	substantially	substantially	ADV
cjfa-18795	65	10	these	these	DET
cjfa-18795	65	11	conflicts	conflict	NOUN
cjfa-18795	65	12	of	of	ADP
cjfa-18795	65	13	interest	interest	NOUN
cjfa-18795	65	14	.	.	PUNCT
cjfa-18795	66	1	traditional	traditional	ADJ
cjfa-18795	66	2	residual	residual	ADJ
cjfa-18795	66	3	theory	theory	NOUN
cjfa-18795	66	4	of	of	ADP
cjfa-18795	66	5	dividends	dividend	NOUN
cjfa-18795	66	6	suggests	suggest	VERB
cjfa-18795	66	7	that	that	SCONJ
cjfa-18795	66	8	dividends	dividend	NOUN
cjfa-18795	66	9	distributed	distribute	VERB
cjfa-18795	66	10	are	be	AUX
cjfa-18795	66	11	the	the	DET
cjfa-18795	66	12	residual	residual	ADJ
cjfa-18795	66	13	funds	fund	NOUN
cjfa-18795	66	14	after	after	ADP
cjfa-18795	66	15	making	make	VERB
cjfa-18795	66	16	investment	investment	NOUN
cjfa-18795	66	17	decisions	decision	NOUN
cjfa-18795	66	18	dividend	dividend	NOUN
cjfa-18795	66	19	policy	policy	NOUN
cjfa-18795	66	20	tends	tend	VERB
cjfa-18795	66	21	to	to	PART
cjfa-18795	66	22	follow	follow	VERB
cjfa-18795	66	23	a	a	DET
cjfa-18795	66	24	firm	firm	NOUN
cjfa-18795	66	25	’s	’s	PART
cjfa-18795	66	26	life	life	NOUN
cjfa-18795	66	27	cycle	cycle	NOUN
cjfa-18795	66	28	that	that	PRON
cjfa-18795	66	29	a	a	DET
cjfa-18795	66	30	firm	firm	NOUN
cjfa-18795	66	31	begins	begin	VERB
cjfa-18795	66	32	paying	pay	VERB
cjfa-18795	66	33	dividends	dividend	NOUN
cjfa-18795	66	34	when	when	SCONJ
cjfa-18795	66	35	its	its	PRON
cjfa-18795	66	36	growth	growth	NOUN
cjfa-18795	66	37	rate	rate	NOUN
cjfa-18795	66	38	and	and	CCONJ
cjfa-18795	66	39	profitability	profitability	NOUN
cjfa-18795	66	40	are	be	AUX
cjfa-18795	66	41	expected	expect	VERB
cjfa-18795	66	42	to	to	PART
cjfa-18795	66	43	decline	decline	VERB
cjfa-18795	66	44	in	in	ADP
cjfa-18795	66	45	the	the	DET
cjfa-18795	66	46	future	future	NOUN
cjfa-18795	66	47	(	(	PUNCT
cjfa-18795	66	48	mueller	mueller	PROPN
cjfa-18795	66	49	,	,	PUNCT
cjfa-18795	66	50	1972	1972	NUM
cjfa-18795	66	51	;	;	PUNCT
cjfa-18795	66	52	fama	fama	PROPN
cjfa-18795	66	53	&	&	CCONJ
cjfa-18795	66	54	french	french	PROPN
cjfa-18795	66	55	,	,	PUNCT
cjfa-18795	66	56	2001	2001	NUM
cjfa-18795	66	57	;	;	PUNCT
cjfa-18795	66	58	deangelo	deangelo	PROPN
cjfa-18795	66	59	,	,	PUNCT
cjfa-18795	66	60	deangelo	deangelo	PROPN
cjfa-18795	66	61	&	&	CCONJ
cjfa-18795	66	62	stulz	stulz	ADJ
cjfa-18795	66	63	,	,	PUNCT
cjfa-18795	66	64	2006	2006	NUM
cjfa-18795	66	65	)	)	PUNCT
cjfa-18795	66	66	.	.	PUNCT
cjfa-18795	67	1	firms	firm	NOUN
cjfa-18795	67	2	have	have	VERB
cjfa-18795	67	3	their	their	PRON
cjfa-18795	67	4	own	own	ADJ
cjfa-18795	67	5	life	life	NOUN
cjfa-18795	67	6	cycle	cycle	NOUN
cjfa-18795	67	7	.	.	PUNCT
cjfa-18795	68	1	premised	premise	VERB
cjfa-18795	68	2	on	on	ADP
cjfa-18795	68	3	knight	knight	NOUN
cjfa-18795	68	4	(	(	PUNCT
cjfa-18795	68	5	1921	1921	NUM
cjfa-18795	68	6	)	)	PUNCT
cjfa-18795	68	7	and	and	CCONJ
cjfa-18795	68	8	schumpeter	schumpeter	NOUN
cjfa-18795	68	9	(	(	PUNCT
cjfa-18795	68	10	1934	1934	NUM
cjfa-18795	68	11	)	)	PUNCT
cjfa-18795	68	12	,	,	PUNCT
cjfa-18795	68	13	mueller	mueller	PROPN
cjfa-18795	68	14	(	(	PUNCT
cjfa-18795	68	15	1972	1972	NUM
cjfa-18795	68	16	)	)	PUNCT
cjfa-18795	68	17	proposed	propose	VERB
cjfa-18795	68	18	a	a	DET
cjfa-18795	68	19	formal	formal	ADJ
cjfa-18795	68	20	life	life	NOUN
cjfa-18795	68	21	cycle	cycle	NOUN
cjfa-18795	68	22	theory	theory	NOUN
cjfa-18795	68	23	.	.	PUNCT
cjfa-18795	69	1	the	the	DET
cjfa-18795	69	2	start	start	VERB
cjfa-18795	69	3	-	-	PUNCT
cjfa-18795	69	4	up	up	ADP
cjfa-18795	69	5	stage	stage	NOUN
cjfa-18795	69	6	can	can	AUX
cjfa-18795	69	7	be	be	AUX
cjfa-18795	69	8	difficult	difficult	ADJ
cjfa-18795	69	9	for	for	ADP
cjfa-18795	69	10	a	a	DET
cjfa-18795	69	11	fresh	fresh	ADJ
cjfa-18795	69	12	firm	firm	NOUN
cjfa-18795	69	13	because	because	SCONJ
cjfa-18795	69	14	of	of	ADP
cjfa-18795	69	15	the	the	DET
cjfa-18795	69	16	existing	exist	VERB
cjfa-18795	69	17	market	market	NOUN
cjfa-18795	69	18	threshold	threshold	NOUN
cjfa-18795	69	19	.	.	PUNCT
cjfa-18795	70	1	the	the	DET
cjfa-18795	70	2	limited	limited	ADJ
cjfa-18795	70	3	initial	initial	ADJ
cjfa-18795	70	4	resources	resource	NOUN
cjfa-18795	70	5	must	must	AUX
cjfa-18795	70	6	be	be	AUX
cjfa-18795	70	7	invested	invest	VERB
cjfa-18795	70	8	into	into	ADP
cjfa-18795	70	9	product	product	NOUN
cjfa-18795	70	10	development	development	NOUN
cjfa-18795	70	11	,	,	PUNCT
cjfa-18795	70	12	marketing	marketing	NOUN
cjfa-18795	70	13	and	and	CCONJ
cjfa-18795	70	14	organization	organization	NOUN
cjfa-18795	70	15	.	.	PUNCT
cjfa-18795	71	1	after	after	ADP
cjfa-18795	71	2	the	the	DET
cjfa-18795	71	3	startup	startup	NOUN
cjfa-18795	71	4	stage	stage	NOUN
cjfa-18795	71	5	,	,	PUNCT
cjfa-18795	71	6	the	the	DET
cjfa-18795	71	7	firm	firm	NOUN
cjfa-18795	71	8	will	will	AUX
cjfa-18795	71	9	reach	reach	VERB
cjfa-18795	71	10	a	a	DET
cjfa-18795	71	11	high	high	ADJ
cjfa-18795	71	12	-	-	PUNCT
cjfa-18795	71	13	growth	growth	NOUN
cjfa-18795	71	14	stage	stage	NOUN
cjfa-18795	71	15	during	during	ADP
cjfa-18795	71	16	which	which	PRON
cjfa-18795	71	17	it	it	PRON
cjfa-18795	71	18	expands	expand	VERB
cjfa-18795	71	19	customers	customer	NOUN
cjfa-18795	71	20	and	and	CCONJ
cjfa-18795	71	21	exploits	exploit	VERB
cjfa-18795	71	22	the	the	DET
cjfa-18795	71	23	market	market	NOUN
cjfa-18795	71	24	potential	potential	NOUN
cjfa-18795	71	25	.	.	PUNCT
cjfa-18795	72	1	firms	firm	NOUN
cjfa-18795	72	2	will	will	AUX
cjfa-18795	72	3	eventually	eventually	ADV
cjfa-18795	72	4	reach	reach	VERB
cjfa-18795	72	5	a	a	DET
cjfa-18795	72	6	point	point	NOUN
cjfa-18795	72	7	at	at	ADP
cjfa-18795	72	8	which	which	PRON
cjfa-18795	72	9	they	they	PRON
cjfa-18795	72	10	progress	progress	VERB
cjfa-18795	72	11	from	from	ADP
cjfa-18795	72	12	a	a	DET
cjfa-18795	72	13	high	high	ADJ
cjfa-18795	72	14	growth	growth	NOUN
cjfa-18795	72	15	period	period	NOUN
cjfa-18795	72	16	to	to	ADP
cjfa-18795	72	17	a	a	DET
cjfa-18795	72	18	so	so	ADV
cjfa-18795	72	19	called	call	VERB
cjfa-18795	72	20	‘	'	PUNCT
cjfa-18795	72	21	maturity	maturity	NOUN
cjfa-18795	72	22	period	period	NOUN
cjfa-18795	72	23	’	'	PUNCT
cjfa-18795	72	24	.	.	PUNCT
cjfa-18795	73	1	with	with	ADP
cjfa-18795	73	2	increasing	increase	VERB
cjfa-18795	73	3	market	market	NOUN
cjfa-18795	73	4	competition	competition	NOUN
cjfa-18795	73	5	,	,	PUNCT
cjfa-18795	73	6	profitable	profitable	ADJ
cjfa-18795	73	7	investment	investment	NOUN
cjfa-18795	73	8	opportunities	opportunity	NOUN
cjfa-18795	73	9	become	become	VERB
cjfa-18795	73	10	absent	absent	ADJ
cjfa-18795	73	11	and	and	CCONJ
cjfa-18795	73	12	the	the	DET
cjfa-18795	73	13	growth	growth	NOUN
cjfa-18795	73	14	rate	rate	NOUN
cjfa-18795	73	15	declines	decline	VERB
cjfa-18795	73	16	.	.	PUNCT
cjfa-18795	74	1	dhameja	dhameja	PROPN
cjfa-18795	74	2	(	(	PUNCT
cjfa-18795	74	3	1978	1978	NUM
cjfa-18795	74	4	)	)	PUNCT
cjfa-18795	74	5	showed	show	VERB
cjfa-18795	74	6	that	that	SCONJ
cjfa-18795	74	7	there	there	PRON
cjfa-18795	74	8	is	be	VERB
cjfa-18795	74	9	no	no	DET
cjfa-18795	74	10	statistically	statistically	ADV
cjfa-18795	74	11	significant	significant	ADJ
cjfa-18795	74	12	relationship	relationship	NOUN
cjfa-18795	74	13	between	between	ADP
cjfa-18795	74	14	dividend	dividend	NOUN
cjfa-18795	74	15	payout	payout	NOUN
cjfa-18795	74	16	and	and	CCONJ
cjfa-18795	74	17	industry	industry	NOUN
cjfa-18795	74	18	classification	classification	NOUN
cjfa-18795	74	19	,	,	PUNCT
cjfa-18795	74	20	size	size	NOUN
cjfa-18795	74	21	.	.	PUNCT
cjfa-18795	75	1	the	the	DET
cjfa-18795	75	2	growth	growth	NOUN
cjfa-18795	75	3	is	be	AUX
cjfa-18795	75	4	found	find	VERB
cjfa-18795	75	5	to	to	PART
cjfa-18795	75	6	be	be	AUX
cjfa-18795	75	7	significantly	significantly	ADV
cjfa-18795	75	8	and	and	CCONJ
cjfa-18795	75	9	inversely	inversely	ADV
cjfa-18795	75	10	related	relate	VERB
cjfa-18795	75	11	to	to	PART
cjfa-18795	75	12	dividend	dividend	VERB
cjfa-18795	75	13	payout	payout	NOUN
cjfa-18795	75	14	.	.	PUNCT
cjfa-18795	76	1	as	as	SCONJ
cjfa-18795	76	2	regards	regard	VERB
cjfa-18795	76	3	dividend	dividend	NOUN
cjfa-18795	76	4	practices	practice	NOUN
cjfa-18795	76	5	in	in	ADP
cjfa-18795	76	6	listed	list	VERB
cjfa-18795	76	7	banks	bank	NOUN
cjfa-18795	76	8	of	of	ADP
cjfa-18795	76	9	bangladesh	bangladesh	PROPN
cjfa-18795	76	10	47	47	NUM
cjfa-18795	76	11	dividend	dividend	NOUN
cjfa-18795	76	12	rates	rate	NOUN
cjfa-18795	76	13	controlling	control	VERB
cjfa-18795	76	14	for	for	ADP
cjfa-18795	76	15	bonus	bonus	NOUN
cjfa-18795	76	16	and	and	CCONJ
cjfa-18795	76	17	rights	right	NOUN
cjfa-18795	76	18	issues	issue	NOUN
cjfa-18795	76	19	,	,	PUNCT
cjfa-18795	76	20	it	it	PRON
cjfa-18795	76	21	is	be	AUX
cjfa-18795	76	22	related	relate	VERB
cjfa-18795	76	23	directly	directly	ADV
cjfa-18795	76	24	and	and	CCONJ
cjfa-18795	76	25	significantly	significantly	ADV
cjfa-18795	76	26	to	to	ADP
cjfa-18795	76	27	industry	industry	NOUN
cjfa-18795	76	28	classification	classification	NOUN
cjfa-18795	76	29	and	and	CCONJ
cjfa-18795	76	30	growth	growth	NOUN
cjfa-18795	76	31	,	,	PUNCT
cjfa-18795	76	32	and	and	CCONJ
cjfa-18795	76	33	mildly	mildly	ADV
cjfa-18795	76	34	related	relate	VERB
cjfa-18795	76	35	to	to	ADP
cjfa-18795	76	36	size	size	NOUN
cjfa-18795	76	37	.	.	PUNCT
cjfa-18795	77	1	bhat	bhat	PROPN
cjfa-18795	77	2	and	and	CCONJ
cjfa-18795	77	3	pandey	pandey	PROPN
cjfa-18795	77	4	(	(	PUNCT
cjfa-18795	77	5	1994	1994	NUM
cjfa-18795	77	6	)	)	PUNCT
cjfa-18795	77	7	showed	show	VERB
cjfa-18795	77	8	that	that	SCONJ
cjfa-18795	77	9	payment	payment	NOUN
cjfa-18795	77	10	of	of	ADP
cjfa-18795	77	11	dividend	dividend	NOUN
cjfa-18795	77	12	depends	depend	VERB
cjfa-18795	77	13	largely	largely	ADV
cjfa-18795	77	14	upon	upon	SCONJ
cjfa-18795	77	15	current	current	ADJ
cjfa-18795	77	16	and	and	CCONJ
cjfa-18795	77	17	expected	expect	VERB
cjfa-18795	77	18	earnings	earning	NOUN
cjfa-18795	77	19	as	as	ADV
cjfa-18795	77	20	well	well	ADV
cjfa-18795	77	21	as	as	ADP
cjfa-18795	77	22	on	on	ADP
cjfa-18795	77	23	the	the	DET
cjfa-18795	77	24	pattern	pattern	NOUN
cjfa-18795	77	25	of	of	ADP
cjfa-18795	77	26	past	past	ADJ
cjfa-18795	77	27	dividends	dividend	NOUN
cjfa-18795	77	28	,	,	PUNCT
cjfa-18795	77	29	and	and	CCONJ
cjfa-18795	77	30	liquidity	liquidity	NOUN
cjfa-18795	77	31	is	be	AUX
cjfa-18795	77	32	not	not	PART
cjfa-18795	77	33	a	a	DET
cjfa-18795	77	34	matter	matter	NOUN
cjfa-18795	77	35	of	of	ADP
cjfa-18795	77	36	consideration	consideration	NOUN
cjfa-18795	77	37	in	in	ADP
cjfa-18795	77	38	dividend	dividend	NOUN
cjfa-18795	77	39	policy	policy	NOUN
cjfa-18795	77	40	.	.	PUNCT
cjfa-18795	78	1	collins	collins	PROPN
cjfa-18795	78	2	,	,	PUNCT
cjfa-18795	78	3	saxena	saxena	PROPN
cjfa-18795	78	4	and	and	CCONJ
cjfa-18795	78	5	wansley	wansley	PROPN
cjfa-18795	78	6	(	(	PUNCT
cjfa-18795	78	7	1996	1996	NUM
cjfa-18795	78	8	)	)	PUNCT
cjfa-18795	78	9	studied	study	VERB
cjfa-18795	78	10	the	the	DET
cjfa-18795	78	11	role	role	NOUN
cjfa-18795	78	12	of	of	ADP
cjfa-18795	78	13	insiders	insider	NOUN
cjfa-18795	78	14	in	in	ADP
cjfa-18795	78	15	determination	determination	NOUN
cjfa-18795	78	16	of	of	ADP
cjfa-18795	78	17	dividend	dividend	NOUN
cjfa-18795	78	18	policy	policy	NOUN
cjfa-18795	78	19	of	of	ADP
cjfa-18795	78	20	a	a	DET
cjfa-18795	78	21	firm	firm	NOUN
cjfa-18795	78	22	.	.	PUNCT
cjfa-18795	79	1	study	study	NOUN
cjfa-18795	79	2	results	result	NOUN
cjfa-18795	79	3	indicate	indicate	VERB
cjfa-18795	79	4	that	that	SCONJ
cjfa-18795	79	5	payout	payout	ADJ
cjfa-18795	79	6	ratio	ratio	NOUN
cjfa-18795	79	7	is	be	AUX
cjfa-18795	79	8	negatively	negatively	ADV
cjfa-18795	79	9	related	relate	VERB
cjfa-18795	79	10	to	to	ADP
cjfa-18795	79	11	firm	firm	VERB
cjfa-18795	79	12	’s	’s	PART
cjfa-18795	79	13	past	past	NOUN
cjfa-18795	79	14	and	and	CCONJ
cjfa-18795	79	15	future	future	ADJ
cjfa-18795	79	16	expected	expect	VERB
cjfa-18795	79	17	growth	growth	NOUN
cjfa-18795	79	18	rate	rate	NOUN
cjfa-18795	79	19	of	of	ADP
cjfa-18795	79	20	earnings	earning	NOUN
cjfa-18795	79	21	,	,	PUNCT
cjfa-18795	79	22	its	its	PRON
cjfa-18795	79	23	level	level	NOUN
cjfa-18795	79	24	of	of	ADP
cjfa-18795	79	25	systematic	systematic	ADJ
cjfa-18795	79	26	risk	risk	NOUN
cjfa-18795	79	27	and	and	CCONJ
cjfa-18795	79	28	its	its	PRON
cjfa-18795	79	29	insider	insider	NOUN
cjfa-18795	79	30	holdings	holding	NOUN
cjfa-18795	79	31	.	.	PUNCT
cjfa-18795	80	1	they	they	PRON
cjfa-18795	80	2	also	also	ADV
cjfa-18795	80	3	found	find	VERB
cjfa-18795	80	4	that	that	SCONJ
cjfa-18795	80	5	regulatory	regulatory	ADJ
cjfa-18795	80	6	status	status	NOUN
cjfa-18795	80	7	plays	play	VERB
cjfa-18795	80	8	more	more	ADV
cjfa-18795	80	9	important	important	ADJ
cjfa-18795	80	10	role	role	NOUN
cjfa-18795	80	11	in	in	ADP
cjfa-18795	80	12	the	the	DET
cjfa-18795	80	13	determination	determination	NOUN
cjfa-18795	80	14	of	of	ADP
cjfa-18795	80	15	strength	strength	NOUN
cjfa-18795	80	16	of	of	ADP
cjfa-18795	80	17	association	association	NOUN
cjfa-18795	80	18	between	between	ADP
cjfa-18795	80	19	insider	insider	NOUN
cjfa-18795	80	20	holding	holding	NOUN
cjfa-18795	80	21	and	and	CCONJ
cjfa-18795	80	22	payout	payout	ADJ
cjfa-18795	80	23	ratio	ratio	NOUN
cjfa-18795	80	24	in	in	ADP
cjfa-18795	80	25	the	the	DET
cjfa-18795	80	26	case	case	NOUN
cjfa-18795	80	27	of	of	ADP
cjfa-18795	80	28	utilities	utility	NOUN
cjfa-18795	80	29	than	than	ADP
cjfa-18795	80	30	in	in	ADP
cjfa-18795	80	31	the	the	DET
cjfa-18795	80	32	case	case	NOUN
cjfa-18795	80	33	of	of	ADP
cjfa-18795	80	34	financial	financial	ADJ
cjfa-18795	80	35	firms	firm	NOUN
cjfa-18795	80	36	.	.	PUNCT
cjfa-18795	81	1	gupta	gupta	PROPN
cjfa-18795	81	2	(	(	PUNCT
cjfa-18795	81	3	1999	1999	NUM
cjfa-18795	81	4	)	)	PUNCT
cjfa-18795	81	5	showed	show	VERB
cjfa-18795	81	6	that	that	SCONJ
cjfa-18795	81	7	regular	regular	ADJ
cjfa-18795	81	8	dividend	dividend	NOUN
cjfa-18795	81	9	payments	payment	NOUN
cjfa-18795	81	10	have	have	AUX
cjfa-18795	81	11	been	be	AUX
cjfa-18795	81	12	the	the	DET
cjfa-18795	81	13	feature	feature	NOUN
cjfa-18795	81	14	in	in	ADP
cjfa-18795	81	15	almost	almost	ADV
cjfa-18795	81	16	all	all	DET
cjfa-18795	81	17	the	the	DET
cjfa-18795	81	18	selected	select	VERB
cjfa-18795	81	19	companies	company	NOUN
cjfa-18795	81	20	though	though	SCONJ
cjfa-18795	81	21	there	there	PRON
cjfa-18795	81	22	have	have	AUX
cjfa-18795	81	23	been	be	AUX
cjfa-18795	81	24	a	a	DET
cjfa-18795	81	25	gradual	gradual	ADJ
cjfa-18795	81	26	decline	decline	NOUN
cjfa-18795	81	27	in	in	ADP
cjfa-18795	81	28	the	the	DET
cjfa-18795	81	29	proportion	proportion	NOUN
cjfa-18795	81	30	of	of	ADP
cjfa-18795	81	31	dividend	dividend	NOUN
cjfa-18795	81	32	payments	payment	NOUN
cjfa-18795	81	33	to	to	ADP
cjfa-18795	81	34	the	the	DET
cjfa-18795	81	35	available	available	ADJ
cjfa-18795	81	36	earnings	earning	NOUN
cjfa-18795	81	37	for	for	ADP
cjfa-18795	81	38	distribution	distribution	NOUN
cjfa-18795	81	39	.	.	PUNCT
cjfa-18795	82	1	he	he	PRON
cjfa-18795	82	2	also	also	ADV
cjfa-18795	82	3	found	find	VERB
cjfa-18795	82	4	that	that	SCONJ
cjfa-18795	82	5	dividend	dividend	NOUN
cjfa-18795	82	6	rates	rate	NOUN
cjfa-18795	82	7	are	be	AUX
cjfa-18795	82	8	more	more	ADV
cjfa-18795	82	9	inflated	inflated	ADJ
cjfa-18795	82	10	in	in	ADP
cjfa-18795	82	11	comparison	comparison	NOUN
cjfa-18795	82	12	to	to	ADP
cjfa-18795	82	13	the	the	DET
cjfa-18795	82	14	real	real	ADJ
cjfa-18795	82	15	effective	effective	ADJ
cjfa-18795	82	16	rates	rate	NOUN
cjfa-18795	82	17	of	of	ADP
cjfa-18795	82	18	dividend	dividend	NOUN
cjfa-18795	82	19	as	as	SCONJ
cjfa-18795	82	20	represented	represent	VERB
cjfa-18795	82	21	by	by	ADP
cjfa-18795	82	22	dividend	dividend	NOUN
cjfa-18795	82	23	yield	yield	NOUN
cjfa-18795	82	24	.	.	PUNCT
cjfa-18795	83	1	in	in	ADP
cjfa-18795	83	2	the	the	DET
cjfa-18795	83	3	matter	matter	NOUN
cjfa-18795	83	4	of	of	ADP
cjfa-18795	83	5	stability	stability	NOUN
cjfa-18795	83	6	in	in	ADP
cjfa-18795	83	7	dividend	dividend	NOUN
cjfa-18795	83	8	payments	payment	NOUN
cjfa-18795	83	9	,	,	PUNCT
cjfa-18795	83	10	he	he	PRON
cjfa-18795	83	11	found	find	VERB
cjfa-18795	83	12	high	high	ADJ
cjfa-18795	83	13	stability	stability	NOUN
cjfa-18795	83	14	in	in	ADP
cjfa-18795	83	15	terms	term	NOUN
cjfa-18795	83	16	of	of	ADP
cjfa-18795	83	17	dividend	dividend	NOUN
cjfa-18795	83	18	yields	yield	NOUN
cjfa-18795	83	19	but	but	CCONJ
cjfa-18795	83	20	not	not	PART
cjfa-18795	83	21	so	so	ADV
cjfa-18795	83	22	much	much	ADV
cjfa-18795	83	23	in	in	ADP
cjfa-18795	83	24	terms	term	NOUN
cjfa-18795	83	25	of	of	ADP
cjfa-18795	83	26	dividend	dividend	NOUN
cjfa-18795	83	27	rates	rate	NOUN
cjfa-18795	83	28	and	and	CCONJ
cjfa-18795	83	29	dividend	dividend	NOUN
cjfa-18795	83	30	payouts	payout	NOUN
cjfa-18795	83	31	.	.	PUNCT
cjfa-18795	84	1	la	la	PROPN
cjfa-18795	84	2	porta	porta	PROPN
cjfa-18795	84	3	,	,	PUNCT
cjfa-18795	84	4	lopez	lopez	NOUN
cjfa-18795	84	5	-	-	PUNCT
cjfa-18795	84	6	de	de	NOUN
cjfa-18795	84	7	-	-	NOUN
cjfa-18795	84	8	silanes	silane	NOUN
cjfa-18795	84	9	,	,	PUNCT
cjfa-18795	84	10	shliefer	shliefer	NOUN
cjfa-18795	84	11	and	and	CCONJ
cjfa-18795	84	12	vishny	vishny	PROPN
cjfa-18795	84	13	(	(	PUNCT
cjfa-18795	84	14	2000	2000	NUM
cjfa-18795	84	15	)	)	PUNCT
cjfa-18795	84	16	hold	hold	VERB
cjfa-18795	84	17	that	that	SCONJ
cjfa-18795	84	18	firms	firm	NOUN
cjfa-18795	84	19	in	in	ADP
cjfa-18795	84	20	countries	country	NOUN
cjfa-18795	84	21	with	with	ADP
cjfa-18795	84	22	better	well	ADJ
cjfa-18795	84	23	investor	investor	NOUN
cjfa-18795	84	24	protection	protection	NOUN
cjfa-18795	84	25	make	make	VERB
cjfa-18795	84	26	higher	high	ADJ
cjfa-18795	84	27	dividend	dividend	NOUN
cjfa-18795	84	28	payouts	payout	NOUN
cjfa-18795	84	29	than	than	SCONJ
cjfa-18795	84	30	do	do	VERB
cjfa-18795	84	31	the	the	DET
cjfa-18795	84	32	firms	firm	NOUN
cjfa-18795	84	33	in	in	ADP
cjfa-18795	84	34	countries	country	NOUN
cjfa-18795	84	35	with	with	ADP
cjfa-18795	84	36	lower	low	ADJ
cjfa-18795	84	37	investor	investor	NOUN
cjfa-18795	84	38	protection	protection	NOUN
cjfa-18795	84	39	.	.	PUNCT
cjfa-18795	85	1	moreover	moreover	ADV
cjfa-18795	85	2	,	,	PUNCT
cjfa-18795	85	3	in	in	ADP
cjfa-18795	85	4	countries	country	NOUN
cjfa-18795	85	5	with	with	ADP
cjfa-18795	85	6	more	more	ADJ
cjfa-18795	85	7	legal	legal	ADJ
cjfa-18795	85	8	protection	protection	NOUN
cjfa-18795	85	9	,	,	PUNCT
cjfa-18795	85	10	high	high	ADJ
cjfa-18795	85	11	growth	growth	NOUN
cjfa-18795	85	12	firms	firm	NOUN
cjfa-18795	85	13	have	have	VERB
cjfa-18795	85	14	lower	low	ADJ
cjfa-18795	85	15	payout	payout	ADJ
cjfa-18795	85	16	ratios	ratio	NOUN
cjfa-18795	85	17	.	.	PUNCT
cjfa-18795	86	1	this	this	DET
cjfa-18795	86	2	finding	finding	NOUN
cjfa-18795	86	3	supports	support	VERB
cjfa-18795	86	4	the	the	DET
cjfa-18795	86	5	outcome	outcome	NOUN
cjfa-18795	86	6	agency	agency	NOUN
cjfa-18795	86	7	model	model	NOUN
cjfa-18795	86	8	where	where	SCONJ
cjfa-18795	86	9	investors	investor	NOUN
cjfa-18795	86	10	use	use	VERB
cjfa-18795	86	11	their	their	PRON
cjfa-18795	86	12	legal	legal	ADJ
cjfa-18795	86	13	power	power	NOUN
cjfa-18795	86	14	to	to	PART
cjfa-18795	86	15	force	force	VERB
cjfa-18795	86	16	dividends	dividend	NOUN
cjfa-18795	86	17	when	when	SCONJ
cjfa-18795	86	18	growth	growth	NOUN
cjfa-18795	86	19	prospects	prospect	NOUN
cjfa-18795	86	20	are	be	AUX
cjfa-18795	86	21	low	low	ADJ
cjfa-18795	86	22	.	.	PUNCT
cjfa-18795	87	1	thus	thus	ADV
cjfa-18795	87	2	,	,	PUNCT
cjfa-18795	87	3	their	their	PRON
cjfa-18795	87	4	findings	finding	NOUN
cjfa-18795	87	5	indicate	indicate	VERB
cjfa-18795	87	6	that	that	SCONJ
cjfa-18795	87	7	without	without	ADP
cjfa-18795	87	8	enforcement	enforcement	NOUN
cjfa-18795	87	9	of	of	ADP
cjfa-18795	87	10	management	management	NOUN
cjfa-18795	87	11	there	there	PRON
cjfa-18795	87	12	is	be	VERB
cjfa-18795	87	13	not	not	PART
cjfa-18795	87	14	a	a	DET
cjfa-18795	87	15	strong	strong	ADJ
cjfa-18795	87	16	incentive	incentive	NOUN
cjfa-18795	87	17	to	to	PART
cjfa-18795	87	18	‘	'	PUNCT
cjfa-18795	87	19	convey	convey	VERB
cjfa-18795	87	20	its	its	PRON
cjfa-18795	87	21	quality	quality	NOUN
cjfa-18795	87	22	’	'	PUNCT
cjfa-18795	87	23	through	through	ADP
cjfa-18795	87	24	payout	payout	ADJ
cjfa-18795	87	25	policy	policy	NOUN
cjfa-18795	87	26	.	.	PUNCT
cjfa-18795	88	1	there	there	PRON
cjfa-18795	88	2	is	be	VERB
cjfa-18795	88	3	also	also	ADV
cjfa-18795	88	4	no	no	DET
cjfa-18795	88	5	evidence	evidence	NOUN
cjfa-18795	88	6	that	that	SCONJ
cjfa-18795	88	7	in	in	ADP
cjfa-18795	88	8	countries	country	NOUN
cjfa-18795	88	9	with	with	ADP
cjfa-18795	88	10	low	low	ADJ
cjfa-18795	88	11	investor	investor	NOUN
cjfa-18795	88	12	protection	protection	NOUN
cjfa-18795	88	13	,	,	PUNCT
cjfa-18795	88	14	management	management	NOUN
cjfa-18795	88	15	will	will	AUX
cjfa-18795	88	16	voluntarily	voluntarily	ADV
cjfa-18795	88	17	commit	commit	VERB
cjfa-18795	88	18	itself	itself	PRON
cjfa-18795	88	19	to	to	PART
cjfa-18795	88	20	payout	payout	VERB
cjfa-18795	88	21	higher	high	ADJ
cjfa-18795	88	22	dividends	dividend	NOUN
cjfa-18795	88	23	and	and	CCONJ
cjfa-18795	88	24	to	to	PART
cjfa-18795	88	25	be	be	AUX
cjfa-18795	88	26	monitored	monitor	VERB
cjfa-18795	88	27	more	more	ADV
cjfa-18795	88	28	frequently	frequently	ADV
cjfa-18795	88	29	by	by	ADP
cjfa-18795	88	30	the	the	DET
cjfa-18795	88	31	market	market	NOUN
cjfa-18795	88	32	.	.	PUNCT
cjfa-18795	89	1	again	again	ADV
cjfa-18795	89	2	,	,	PUNCT
cjfa-18795	89	3	gugler	gugler	NOUN
cjfa-18795	89	4	(	(	PUNCT
cjfa-18795	89	5	2003	2003	NUM
cjfa-18795	89	6	)	)	PUNCT
cjfa-18795	89	7	observed	observe	VERB
cjfa-18795	89	8	that	that	SCONJ
cjfa-18795	89	9	state	state	NOUN
cjfa-18795	89	10	-	-	PUNCT
cjfa-18795	89	11	controlled	control	VERB
cjfa-18795	89	12	firms	firm	NOUN
cjfa-18795	89	13	are	be	AUX
cjfa-18795	89	14	characterized	characterize	VERB
cjfa-18795	89	15	by	by	ADP
cjfa-18795	89	16	dividend	dividend	NOUN
cjfa-18795	89	17	smoothening	smoothening	NOUN
cjfa-18795	89	18	,	,	PUNCT
cjfa-18795	89	19	very	very	ADV
cjfa-18795	89	20	high	high	ADJ
cjfa-18795	89	21	payout	payout	NOUN
cjfa-18795	89	22	and	and	CCONJ
cjfa-18795	89	23	strong	strong	ADJ
cjfa-18795	89	24	reluctance	reluctance	NOUN
cjfa-18795	89	25	to	to	PART
cjfa-18795	89	26	cut	cut	VERB
cjfa-18795	89	27	dividends	dividend	NOUN
cjfa-18795	89	28	while	while	SCONJ
cjfa-18795	89	29	family	family	NOUN
cjfa-18795	89	30	-	-	PUNCT
cjfa-18795	89	31	controlled	control	VERB
cjfa-18795	89	32	firms	firm	NOUN
cjfa-18795	89	33	are	be	AUX
cjfa-18795	89	34	not	not	PART
cjfa-18795	89	35	subject	subject	ADJ
cjfa-18795	89	36	to	to	ADP
cjfa-18795	89	37	dividend	dividend	NOUN
cjfa-18795	89	38	smoothening	smoothening	NOUN
cjfa-18795	89	39	,	,	PUNCT
cjfa-18795	89	40	have	have	VERB
cjfa-18795	89	41	a	a	DET
cjfa-18795	89	42	low	low	ADJ
cjfa-18795	89	43	payout	payout	NOUN
cjfa-18795	89	44	and	and	CCONJ
cjfa-18795	89	45	are	be	AUX
cjfa-18795	89	46	least	least	ADV
cjfa-18795	89	47	reluctant	reluctant	ADJ
cjfa-18795	89	48	to	to	PART
cjfa-18795	89	49	cut	cut	VERB
cjfa-18795	89	50	dividends	dividend	NOUN
cjfa-18795	89	51	.	.	PUNCT
cjfa-18795	90	1	according	accord	VERB
cjfa-18795	90	2	to	to	ADP
cjfa-18795	90	3	him	he	PRON
cjfa-18795	90	4	,	,	PUNCT
cjfa-18795	90	5	this	this	DET
cjfa-18795	90	6	finding	finding	NOUN
cjfa-18795	90	7	applies	apply	VERB
cjfa-18795	90	8	more	more	ADJ
cjfa-18795	90	9	to	to	ADP
cjfa-18795	90	10	firms	firm	NOUN
cjfa-18795	90	11	having	have	VERB
cjfa-18795	90	12	good	good	ADJ
cjfa-18795	90	13	growth	growth	NOUN
cjfa-18795	90	14	prospects	prospect	NOUN
cjfa-18795	90	15	(	(	PUNCT
cjfa-18795	90	16	positive	positive	ADJ
cjfa-18795	90	17	r&d	r&d	NOUN
cjfa-18795	90	18	spending	spending	NOUN
cjfa-18795	90	19	)	)	PUNCT
cjfa-18795	90	20	.	.	PUNCT
cjfa-18795	91	1	but	but	CCONJ
cjfa-18795	91	2	,	,	PUNCT
cjfa-18795	91	3	in	in	ADP
cjfa-18795	91	4	case	case	NOUN
cjfa-18795	91	5	of	of	ADP
cjfa-18795	91	6	firms	firm	NOUN
cjfa-18795	91	7	with	with	ADP
cjfa-18795	91	8	low	low	ADJ
cjfa-18795	91	9	investment	investment	NOUN
cjfa-18795	91	10	opportunities	opportunity	NOUN
cjfa-18795	91	11	(	(	PUNCT
cjfa-18795	91	12	no	no	DET
cjfa-18795	91	13	r&d	r&d	NOUN
cjfa-18795	91	14	spending	spending	NOUN
cjfa-18795	91	15	)	)	PUNCT
cjfa-18795	91	16	,	,	PUNCT
cjfa-18795	91	17	target	target	VERB
cjfa-18795	91	18	payout	payout	NOUN
cjfa-18795	91	19	ratio	ratio	NOUN
cjfa-18795	91	20	tends	tend	VERB
cjfa-18795	91	21	to	to	PART
cjfa-18795	91	22	be	be	AUX
cjfa-18795	91	23	much	much	ADV
cjfa-18795	91	24	higher	high	ADJ
cjfa-18795	91	25	irrespective	irrespective	ADV
cjfa-18795	91	26	of	of	ADP
cjfa-18795	91	27	who	who	PRON
cjfa-18795	91	28	controls	control	VERB
cjfa-18795	91	29	the	the	DET
cjfa-18795	91	30	corporation	corporation	NOUN
cjfa-18795	91	31	(	(	PUNCT
cjfa-18795	91	32	state	state	NOUN
cjfa-18795	91	33	control	control	NOUN
cjfa-18795	91	34	or	or	CCONJ
cjfa-18795	91	35	family	family	NOUN
cjfa-18795	91	36	control	control	NOUN
cjfa-18795	91	37	)	)	PUNCT
cjfa-18795	91	38	.	.	PUNCT
cjfa-18795	92	1	mohammad	mohammad	PROPN
cjfa-18795	92	2	shahidul	shahidul	PROPN
cjfa-18795	92	3	islam48	islam48	NOUN
cjfa-18795	92	4	deangelo	deangelo	PROPN
cjfa-18795	92	5	,	,	PUNCT
cjfa-18795	92	6	deangelo	deangelo	PROPN
cjfa-18795	92	7	and	and	CCONJ
cjfa-18795	92	8	skinner	skinner	PROPN
cjfa-18795	92	9	(	(	PUNCT
cjfa-18795	92	10	2004	2004	NUM
cjfa-18795	92	11	)	)	PUNCT
cjfa-18795	92	12	observed	observe	VERB
cjfa-18795	92	13	that	that	SCONJ
cjfa-18795	92	14	during	during	ADP
cjfa-18795	92	15	the	the	DET
cjfa-18795	92	16	period	period	NOUN
cjfa-18795	92	17	of	of	ADP
cjfa-18795	92	18	their	their	PRON
cjfa-18795	92	19	study	study	NOUN
cjfa-18795	92	20	(	(	PUNCT
cjfa-18795	92	21	1978–2000	1978–2000	NUM
cjfa-18795	92	22	)	)	PUNCT
cjfa-18795	92	23	nominal	nominal	ADJ
cjfa-18795	92	24	dividends	dividend	NOUN
cjfa-18795	92	25	paid	pay	VERB
cjfa-18795	92	26	by	by	ADP
cjfa-18795	92	27	the	the	DET
cjfa-18795	92	28	companies	company	NOUN
cjfa-18795	92	29	in	in	ADP
cjfa-18795	92	30	us	we	PRON
cjfa-18795	92	31	increased	increase	VERB
cjfa-18795	92	32	manifold	manifold	ADJ
cjfa-18795	92	33	,	,	PUNCT
cjfa-18795	92	34	even	even	ADV
cjfa-18795	92	35	real	real	ADJ
cjfa-18795	92	36	dividends	dividend	NOUN
cjfa-18795	92	37	doubled	double	VERB
cjfa-18795	92	38	during	during	ADP
cjfa-18795	92	39	this	this	DET
cjfa-18795	92	40	period	period	NOUN
cjfa-18795	92	41	.	.	PUNCT
cjfa-18795	93	1	this	this	DET
cjfa-18795	93	2	aggregate	aggregate	ADJ
cjfa-18795	93	3	dividend	dividend	NOUN
cjfa-18795	93	4	increase	increase	NOUN
cjfa-18795	93	5	is	be	AUX
cjfa-18795	93	6	even	even	ADV
cjfa-18795	93	7	in	in	ADP
cjfa-18795	93	8	the	the	DET
cjfa-18795	93	9	face	face	NOUN
cjfa-18795	93	10	of	of	ADP
cjfa-18795	93	11	radical	radical	ADJ
cjfa-18795	93	12	decline	decline	NOUN
cjfa-18795	93	13	in	in	ADP
cjfa-18795	93	14	the	the	DET
cjfa-18795	93	15	number	number	NOUN
cjfa-18795	93	16	of	of	ADP
cjfa-18795	93	17	dividend	dividend	NOUN
cjfa-18795	93	18	-	-	PUNCT
cjfa-18795	93	19	payers	payer	NOUN
cjfa-18795	93	20	.	.	PUNCT
cjfa-18795	94	1	they	they	PRON
cjfa-18795	94	2	found	find	VERB
cjfa-18795	94	3	that	that	SCONJ
cjfa-18795	94	4	both	both	DET
cjfa-18795	94	5	dividend	dividend	NOUN
cjfa-18795	94	6	and	and	CCONJ
cjfa-18795	94	7	earnings	earning	NOUN
cjfa-18795	94	8	concentration	concentration	NOUN
cjfa-18795	94	9	have	have	AUX
cjfa-18795	94	10	increased	increase	VERB
cjfa-18795	94	11	substantially	substantially	ADV
cjfa-18795	94	12	from	from	ADP
cjfa-18795	94	13	the	the	DET
cjfa-18795	94	14	already	already	ADV
cjfa-18795	94	15	high	high	ADJ
cjfa-18795	94	16	level	level	NOUN
cjfa-18795	94	17	.	.	PUNCT
cjfa-18795	95	1	brav	brav	PROPN
cjfa-18795	95	2	,	,	PUNCT
cjfa-18795	95	3	graham	graham	PROPN
cjfa-18795	95	4	,	,	PUNCT
cjfa-18795	95	5	harvey	harvey	NOUN
cjfa-18795	95	6	and	and	CCONJ
cjfa-18795	95	7	michaely	michaely	ADV
cjfa-18795	95	8	(	(	PUNCT
cjfa-18795	95	9	2005	2005	NUM
cjfa-18795	95	10	)	)	PUNCT
cjfa-18795	95	11	observed	observe	VERB
cjfa-18795	95	12	that	that	SCONJ
cjfa-18795	95	13	dividend	dividend	NOUN
cjfa-18795	95	14	level	level	NOUN
cjfa-18795	95	15	is	be	AUX
cjfa-18795	95	16	a	a	DET
cjfa-18795	95	17	priority	priority	NOUN
cjfa-18795	95	18	at	at	ADP
cjfa-18795	95	19	par	par	NOUN
cjfa-18795	95	20	with	with	ADP
cjfa-18795	95	21	the	the	DET
cjfa-18795	95	22	investment	investment	NOUN
cjfa-18795	95	23	decisions	decision	NOUN
cjfa-18795	95	24	,	,	PUNCT
cjfa-18795	95	25	and	and	CCONJ
cjfa-18795	95	26	increase	increase	VERB
cjfa-18795	95	27	in	in	ADP
cjfa-18795	95	28	dividend	dividend	NOUN
cjfa-18795	95	29	is	be	AUX
cjfa-18795	95	30	considered	consider	VERB
cjfa-18795	95	31	only	only	ADV
cjfa-18795	95	32	after	after	SCONJ
cjfa-18795	95	33	investment	investment	NOUN
cjfa-18795	95	34	and	and	CCONJ
cjfa-18795	95	35	liquidity	liquidity	NOUN
cjfa-18795	95	36	needs	need	NOUN
cjfa-18795	95	37	are	be	AUX
cjfa-18795	95	38	met	meet	VERB
cjfa-18795	95	39	.	.	PUNCT
cjfa-18795	96	1	they	they	PRON
cjfa-18795	96	2	opined	opine	VERB
cjfa-18795	96	3	that	that	SCONJ
cjfa-18795	96	4	managers	manager	NOUN
cjfa-18795	96	5	express	express	VERB
cjfa-18795	96	6	strong	strong	ADJ
cjfa-18795	96	7	desire	desire	NOUN
cjfa-18795	96	8	to	to	PART
cjfa-18795	96	9	avoid	avoid	VERB
cjfa-18795	96	10	dividend	dividend	NOUN
cjfa-18795	96	11	cuts	cut	NOUN
cjfa-18795	96	12	except	except	SCONJ
cjfa-18795	96	13	in	in	ADP
cjfa-18795	96	14	extraordinary	extraordinary	ADJ
cjfa-18795	96	15	circumstances	circumstance	NOUN
cjfa-18795	96	16	.	.	PUNCT
cjfa-18795	97	1	they	they	PRON
cjfa-18795	97	2	also	also	ADV
cjfa-18795	97	3	pointed	point	VERB
cjfa-18795	97	4	out	out	ADP
cjfa-18795	97	5	that	that	SCONJ
cjfa-18795	97	6	sustainable	sustainable	ADJ
cjfa-18795	97	7	increase	increase	NOUN
cjfa-18795	97	8	in	in	ADP
cjfa-18795	97	9	earnings	earning	NOUN
cjfa-18795	97	10	and	and	CCONJ
cjfa-18795	97	11	demand	demand	NOUN
cjfa-18795	97	12	by	by	ADP
cjfa-18795	97	13	institutional	institutional	ADJ
cjfa-18795	97	14	investors	investor	NOUN
cjfa-18795	97	15	are	be	AUX
cjfa-18795	97	16	the	the	DET
cjfa-18795	97	17	two	two	NUM
cjfa-18795	97	18	root	root	NOUN
cjfa-18795	97	19	causes	cause	NOUN
cjfa-18795	97	20	for	for	SCONJ
cjfa-18795	97	21	the	the	DET
cjfa-18795	97	22	non	non	NOUN
cjfa-18795	97	23	-	-	NOUN
cjfa-18795	97	24	payers	payer	NOUN
cjfa-18795	97	25	to	to	PART
cjfa-18795	97	26	initiate	initiate	VERB
cjfa-18795	97	27	dividend	dividend	NOUN
cjfa-18795	97	28	payment	payment	NOUN
cjfa-18795	97	29	.	.	PUNCT
cjfa-18795	98	1	they	they	PRON
cjfa-18795	98	2	found	find	VERB
cjfa-18795	98	3	little	little	ADJ
cjfa-18795	98	4	support	support	NOUN
cjfa-18795	98	5	for	for	ADP
cjfa-18795	98	6	signaling	signal	VERB
cjfa-18795	98	7	theories	theory	NOUN
cjfa-18795	98	8	.	.	PUNCT
cjfa-18795	99	1	they	they	PRON
cjfa-18795	99	2	also	also	ADV
cjfa-18795	99	3	found	find	VERB
cjfa-18795	99	4	no	no	DET
cjfa-18795	99	5	evidence	evidence	NOUN
cjfa-18795	99	6	that	that	SCONJ
cjfa-18795	99	7	managers	manager	NOUN
cjfa-18795	99	8	use	use	VERB
cjfa-18795	99	9	payout	payout	ADJ
cjfa-18795	99	10	policy	policy	NOUN
cjfa-18795	99	11	to	to	PART
cjfa-18795	99	12	attract	attract	VERB
cjfa-18795	99	13	particular	particular	ADJ
cjfa-18795	99	14	investment	investment	NOUN
cjfa-18795	99	15	clientele	clientele	NOUN
cjfa-18795	99	16	.	.	PUNCT
cjfa-18795	100	1	their	their	PRON
cjfa-18795	100	2	survey	survey	NOUN
cjfa-18795	100	3	also	also	ADV
cjfa-18795	100	4	suggests	suggest	VERB
cjfa-18795	100	5	that	that	SCONJ
cjfa-18795	100	6	taxes	taxis	NOUN
cjfa-18795	100	7	are	be	AUX
cjfa-18795	100	8	not	not	PART
cjfa-18795	100	9	the	the	DET
cjfa-18795	100	10	first	first	ADJ
cjfa-18795	100	11	-	-	PUNCT
cjfa-18795	100	12	order	order	NOUN
cjfa-18795	100	13	important	important	ADJ
cjfa-18795	100	14	factor	factor	NOUN
cjfa-18795	100	15	in	in	ADP
cjfa-18795	100	16	the	the	DET
cjfa-18795	100	17	determination	determination	NOUN
cjfa-18795	100	18	of	of	ADP
cjfa-18795	100	19	payout	payout	ADJ
cjfa-18795	100	20	policy	policy	NOUN
cjfa-18795	100	21	but	but	CCONJ
cjfa-18795	100	22	they	they	PRON
cjfa-18795	100	23	are	be	AUX
cjfa-18795	100	24	important	important	ADJ
cjfa-18795	100	25	at	at	ADP
cjfa-18795	100	26	the	the	DET
cjfa-18795	100	27	margin	margin	NOUN
cjfa-18795	100	28	of	of	ADP
cjfa-18795	100	29	some	some	DET
cjfa-18795	100	30	firms	firm	NOUN
cjfa-18795	100	31	(	(	PUNCT
cjfa-18795	100	32	a	a	DET
cjfa-18795	100	33	very	very	ADV
cjfa-18795	100	34	small	small	ADJ
cjfa-18795	100	35	proportion	proportion	NOUN
cjfa-18795	100	36	of	of	ADP
cjfa-18795	100	37	dividend	dividend	NOUN
cjfa-18795	100	38	initiating	initiate	VERB
cjfa-18795	100	39	firms	firm	NOUN
cjfa-18795	100	40	)	)	PUNCT
cjfa-18795	100	41	.	.	PUNCT
cjfa-18795	101	1	oza	oza	PROPN
cjfa-18795	101	2	(	(	PUNCT
cjfa-18795	101	3	2005	2005	NUM
cjfa-18795	101	4	)	)	PUNCT
cjfa-18795	101	5	identified	identify	VERB
cjfa-18795	101	6	‘	'	PUNCT
cjfa-18795	101	7	current	current	ADJ
cjfa-18795	101	8	year	year	NOUN
cjfa-18795	101	9	’s	’s	PART
cjfa-18795	101	10	earnings	earning	NOUN
cjfa-18795	101	11	’	'	PUNCT
cjfa-18795	101	12	,	,	PUNCT
cjfa-18795	101	13	‘	'	PUNCT
cjfa-18795	101	14	patterns	pattern	NOUN
cjfa-18795	101	15	of	of	ADP
cjfa-18795	101	16	past	past	ADJ
cjfa-18795	101	17	dividends	dividend	NOUN
cjfa-18795	101	18	’	'	PUNCT
cjfa-18795	101	19	,	,	PUNCT
cjfa-18795	101	20	‘	'	PUNCT
cjfa-18795	101	21	availability	availability	NOUN
cjfa-18795	101	22	of	of	ADP
cjfa-18795	101	23	cash	cash	NOUN
cjfa-18795	101	24	’	'	PUNCT
cjfa-18795	101	25	and	and	CCONJ
cjfa-18795	101	26	‘	'	PUNCT
cjfa-18795	101	27	expected	expect	VERB
cjfa-18795	101	28	future	future	ADJ
cjfa-18795	101	29	earnings	earning	NOUN
cjfa-18795	101	30	’	'	PUNCT
cjfa-18795	101	31	as	as	ADP
cjfa-18795	101	32	major	major	ADJ
cjfa-18795	101	33	determinants	determinant	NOUN
cjfa-18795	101	34	of	of	ADP
cjfa-18795	101	35	dividend	dividend	NOUN
cjfa-18795	101	36	policy	policy	NOUN
cjfa-18795	101	37	.	.	PUNCT
cjfa-18795	102	1	while	while	SCONJ
cjfa-18795	102	2	,	,	PUNCT
cjfa-18795	102	3	factors	factor	NOUN
cjfa-18795	102	4	like	like	ADP
cjfa-18795	102	5	‘	'	PUNCT
cjfa-18795	102	6	capital	capital	NOUN
cjfa-18795	102	7	expenditure	expenditure	NOUN
cjfa-18795	102	8	requirements	requirement	NOUN
cjfa-18795	102	9	’	'	PUNCT
cjfa-18795	102	10	,	,	PUNCT
cjfa-18795	102	11	‘	'	PUNCT
cjfa-18795	102	12	impact	impact	NOUN
cjfa-18795	102	13	on	on	ADP
cjfa-18795	102	14	share	share	NOUN
cjfa-18795	102	15	prices	price	NOUN
cjfa-18795	102	16	’	'	PUNCT
cjfa-18795	102	17	,	,	PUNCT
cjfa-18795	102	18	‘	'	PUNCT
cjfa-18795	102	19	achieving	achieve	VERB
cjfa-18795	102	20	target	target	NOUN
cjfa-18795	102	21	payouts	payout	NOUN
cjfa-18795	102	22	’	'	PUNCT
cjfa-18795	102	23	,	,	PUNCT
cjfa-18795	102	24	‘	'	PUNCT
cjfa-18795	102	25	restrictions	restriction	NOUN
cjfa-18795	102	26	imposed	impose	VERB
cjfa-18795	102	27	by	by	ADP
cjfa-18795	102	28	lenders	lender	NOUN
cjfa-18795	102	29	’	'	PUNCT
cjfa-18795	102	30	,	,	PUNCT
cjfa-18795	102	31	‘	'	PUNCT
cjfa-18795	102	32	bonus	bonus	NOUN
cjfa-18795	102	33	issue	issue	NOUN
cjfa-18795	102	34	by	by	ADP
cjfa-18795	102	35	the	the	DET
cjfa-18795	102	36	companies	company	NOUN
cjfa-18795	102	37	’	'	PUNCT
cjfa-18795	102	38	and	and	CCONJ
cjfa-18795	102	39	‘	'	PUNCT
cjfa-18795	102	40	industry	industry	NOUN
cjfa-18795	102	41	practices	practice	NOUN
cjfa-18795	102	42	’	'	PUNCT
cjfa-18795	102	43	are	be	AUX
cjfa-18795	102	44	found	find	VERB
cjfa-18795	102	45	to	to	PART
cjfa-18795	102	46	have	have	VERB
cjfa-18795	102	47	less	less	ADV
cjfa-18795	102	48	significant	significant	ADJ
cjfa-18795	102	49	role	role	NOUN
cjfa-18795	102	50	in	in	ADP
cjfa-18795	102	51	the	the	DET
cjfa-18795	102	52	matter	matter	NOUN
cjfa-18795	102	53	of	of	ADP
cjfa-18795	102	54	deciding	decide	VERB
cjfa-18795	102	55	on	on	ADP
cjfa-18795	102	56	dividend	dividend	NOUN
cjfa-18795	102	57	payments	payment	NOUN
cjfa-18795	102	58	.	.	PUNCT
cjfa-18795	103	1	huda	huda	PROPN
cjfa-18795	103	2	and	and	CCONJ
cjfa-18795	103	3	farah	farah	PROPN
cjfa-18795	103	4	(	(	PUNCT
cjfa-18795	103	5	2011	2011	NUM
cjfa-18795	103	6	)	)	PUNCT
cjfa-18795	103	7	explored	explore	VERB
cjfa-18795	103	8	the	the	DET
cjfa-18795	103	9	determinants	determinant	NOUN
cjfa-18795	103	10	of	of	ADP
cjfa-18795	103	11	the	the	DET
cjfa-18795	103	12	dividend	dividend	NOUN
cjfa-18795	103	13	policy	policy	NOUN
cjfa-18795	103	14	of	of	ADP
cjfa-18795	103	15	firms	firm	NOUN
cjfa-18795	103	16	in	in	ADP
cjfa-18795	103	17	the	the	DET
cjfa-18795	103	18	banking	banking	NOUN
cjfa-18795	103	19	industry	industry	NOUN
cjfa-18795	103	20	of	of	ADP
cjfa-18795	103	21	bangladesh	bangladesh	PROPN
cjfa-18795	103	22	.	.	PUNCT
cjfa-18795	104	1	dividend	dividend	NOUN
cjfa-18795	104	2	decision	decision	NOUN
cjfa-18795	104	3	of	of	ADP
cjfa-18795	104	4	a	a	DET
cjfa-18795	104	5	bank	bank	NOUN
cjfa-18795	104	6	basically	basically	ADV
cjfa-18795	104	7	depends	depend	VERB
cjfa-18795	104	8	on	on	ADP
cjfa-18795	104	9	its	its	PRON
cjfa-18795	104	10	size	size	NOUN
cjfa-18795	104	11	,	,	PUNCT
cjfa-18795	104	12	profitability	profitability	NOUN
cjfa-18795	104	13	,	,	PUNCT
cjfa-18795	104	14	liquidity	liquidity	NOUN
cjfa-18795	104	15	and	and	CCONJ
cjfa-18795	104	16	retained	retain	VERB
cjfa-18795	104	17	earnings	earning	NOUN
cjfa-18795	104	18	.	.	PUNCT
cjfa-18795	105	1	the	the	DET
cjfa-18795	105	2	study	study	NOUN
cjfa-18795	105	3	is	be	AUX
cjfa-18795	105	4	an	an	DET
cjfa-18795	105	5	attempt	attempt	NOUN
cjfa-18795	105	6	to	to	PART
cjfa-18795	105	7	find	find	VERB
cjfa-18795	105	8	out	out	ADP
cjfa-18795	105	9	the	the	DET
cjfa-18795	105	10	key	key	ADJ
cjfa-18795	105	11	dividend	dividend	NOUN
cjfa-18795	105	12	determinant	determinant	ADJ
cjfa-18795	105	13	variables	variable	NOUN
cjfa-18795	105	14	and	and	CCONJ
cjfa-18795	105	15	their	their	PRON
cjfa-18795	105	16	impact	impact	NOUN
cjfa-18795	105	17	over	over	ADP
cjfa-18795	105	18	cash	cash	NOUN
cjfa-18795	105	19	,	,	PUNCT
cjfa-18795	105	20	stock	stock	NOUN
cjfa-18795	105	21	and	and	CCONJ
cjfa-18795	105	22	total	total	ADJ
cjfa-18795	105	23	payout	payout	NOUN
cjfa-18795	105	24	ratio	ratio	NOUN
cjfa-18795	105	25	.	.	PUNCT
cjfa-18795	106	1	statistical	statistical	ADJ
cjfa-18795	106	2	techniques	technique	NOUN
cjfa-18795	106	3	of	of	ADP
cjfa-18795	106	4	simple	simple	ADJ
cjfa-18795	106	5	and	and	CCONJ
cjfa-18795	106	6	multiple	multiple	ADJ
cjfa-18795	106	7	regressions	regression	NOUN
cjfa-18795	106	8	have	have	AUX
cjfa-18795	106	9	been	be	AUX
cjfa-18795	106	10	used	use	VERB
cjfa-18795	106	11	to	to	PART
cjfa-18795	106	12	explore	explore	VERB
cjfa-18795	106	13	the	the	DET
cjfa-18795	106	14	relationships	relationship	NOUN
cjfa-18795	106	15	between	between	ADP
cjfa-18795	106	16	variables	variable	NOUN
cjfa-18795	106	17	.	.	PUNCT
cjfa-18795	107	1	the	the	DET
cjfa-18795	107	2	investigation	investigation	NOUN
cjfa-18795	107	3	results	result	VERB
cjfa-18795	107	4	show	show	VERB
cjfa-18795	107	5	the	the	DET
cjfa-18795	107	6	predictor	predictor	NOUN
cjfa-18795	107	7	variables	variable	NOUN
cjfa-18795	107	8	have	have	VERB
cjfa-18795	107	9	a	a	DET
cjfa-18795	107	10	significant	significant	ADJ
cjfa-18795	107	11	relationship	relationship	NOUN
cjfa-18795	107	12	with	with	ADP
cjfa-18795	107	13	stock	stock	NOUN
cjfa-18795	107	14	payout	payout	NOUN
cjfa-18795	107	15	and	and	CCONJ
cjfa-18795	107	16	an	an	DET
cjfa-18795	107	17	apparent	apparent	ADJ
cjfa-18795	107	18	relationship	relationship	NOUN
cjfa-18795	107	19	with	with	ADP
cjfa-18795	107	20	cash	cash	NOUN
cjfa-18795	107	21	payout	payout	NOUN
cjfa-18795	107	22	.	.	PUNCT
cjfa-18795	108	1	amongst	amongst	ADP
cjfa-18795	108	2	all	all	DET
cjfa-18795	108	3	the	the	DET
cjfa-18795	108	4	independent	independent	ADJ
cjfa-18795	108	5	variables	variable	NOUN
cjfa-18795	108	6	,	,	PUNCT
cjfa-18795	108	7	net	net	ADJ
cjfa-18795	108	8	income	income	NOUN
cjfa-18795	108	9	turns	turn	VERB
cjfa-18795	108	10	out	out	ADP
cjfa-18795	108	11	to	to	PART
cjfa-18795	108	12	be	be	AUX
cjfa-18795	108	13	most	most	ADV
cjfa-18795	108	14	influential	influential	ADJ
cjfa-18795	108	15	indicator	indicator	NOUN
cjfa-18795	108	16	in	in	ADP
cjfa-18795	108	17	elucidating	elucidate	VERB
cjfa-18795	108	18	dividend	dividend	NOUN
cjfa-18795	108	19	payouts	payout	NOUN
cjfa-18795	108	20	.	.	PUNCT
cjfa-18795	109	1	zaman	zaman	NOUN
cjfa-18795	109	2	(	(	PUNCT
cjfa-18795	109	3	2013	2013	NUM
cjfa-18795	109	4	)	)	PUNCT
cjfa-18795	109	5	studied	study	VERB
cjfa-18795	109	6	to	to	PART
cjfa-18795	109	7	determine	determine	VERB
cjfa-18795	109	8	factors	factor	NOUN
cjfa-18795	109	9	that	that	PRON
cjfa-18795	109	10	have	have	VERB
cjfa-18795	109	11	statistically	statistically	ADV
cjfa-18795	109	12	significant	significant	ADJ
cjfa-18795	109	13	impacts	impact	NOUN
cjfa-18795	109	14	on	on	ADP
cjfa-18795	109	15	the	the	DET
cjfa-18795	109	16	dividend	dividend	NOUN
cjfa-18795	109	17	policy	policy	NOUN
cjfa-18795	109	18	of	of	ADP
cjfa-18795	109	19	banks	bank	NOUN
cjfa-18795	109	20	with	with	ADP
cjfa-18795	109	21	multiple	multiple	ADJ
cjfa-18795	109	22	regression	regression	NOUN
cjfa-18795	109	23	analysis	analysis	NOUN
cjfa-18795	109	24	and	and	CCONJ
cjfa-18795	109	25	it	it	PRON
cjfa-18795	109	26	is	be	AUX
cjfa-18795	109	27	seen	see	VERB
cjfa-18795	109	28	that	that	SCONJ
cjfa-18795	109	29	bank	bank	NOUN
cjfa-18795	109	30	profitability	profitability	NOUN
cjfa-18795	109	31	,	,	PUNCT
cjfa-18795	109	32	growth	growth	NOUN
cjfa-18795	109	33	,	,	PUNCT
cjfa-18795	109	34	and	and	CCONJ
cjfa-18795	109	35	size	size	NOUN
cjfa-18795	109	36	are	be	AUX
cjfa-18795	109	37	not	not	PART
cjfa-18795	109	38	significant	significant	ADJ
cjfa-18795	109	39	in	in	ADP
cjfa-18795	109	40	ex	ex	PRON
cjfa-18795	109	41	dividend	dividend	NOUN
cjfa-18795	109	42	practices	practice	NOUN
cjfa-18795	109	43	in	in	ADP
cjfa-18795	109	44	listed	list	VERB
cjfa-18795	109	45	banks	bank	NOUN
cjfa-18795	109	46	of	of	ADP
cjfa-18795	109	47	bangladesh	bangladesh	PROPN
cjfa-18795	109	48	49	49	NUM
cjfa-18795	109	49	plaining	plain	VERB
cjfa-18795	109	50	bank	bank	NOUN
cjfa-18795	109	51	dividend	dividend	NOUN
cjfa-18795	109	52	policy	policy	NOUN
cjfa-18795	109	53	in	in	ADP
cjfa-18795	109	54	2006	2006	NUM
cjfa-18795	109	55	.	.	PUNCT
cjfa-18795	110	1	however	however	ADV
cjfa-18795	110	2	,	,	PUNCT
cjfa-18795	110	3	their	their	PRON
cjfa-18795	110	4	role	role	NOUN
cjfa-18795	110	5	in	in	ADP
cjfa-18795	110	6	explaining	explain	VERB
cjfa-18795	110	7	dividend	dividend	NOUN
cjfa-18795	110	8	strengthens	strengthen	VERB
cjfa-18795	110	9	with	with	ADP
cjfa-18795	110	10	time	time	NOUN
cjfa-18795	110	11	till	till	SCONJ
cjfa-18795	110	12	2010	2010	NUM
cjfa-18795	110	13	.	.	PUNCT
cjfa-18795	111	1	ahmed	ahmed	PROPN
cjfa-18795	111	2	and	and	CCONJ
cjfa-18795	111	3	mukit	mukit	NOUN
cjfa-18795	111	4	(	(	PUNCT
cjfa-18795	111	5	2014	2014	NUM
cjfa-18795	111	6	)	)	PUNCT
cjfa-18795	111	7	identified	identify	VERB
cjfa-18795	111	8	the	the	DET
cjfa-18795	111	9	impact	impact	NOUN
cjfa-18795	111	10	of	of	ADP
cjfa-18795	111	11	various	various	ADJ
cjfa-18795	111	12	factors	factor	NOUN
cjfa-18795	111	13	determining	determine	VERB
cjfa-18795	111	14	the	the	DET
cjfa-18795	111	15	firm	firm	NOUN
cjfa-18795	111	16	’s	’s	PART
cjfa-18795	111	17	dividend	dividend	NOUN
cjfa-18795	111	18	paying	pay	VERB
cjfa-18795	111	19	behavior	behavior	NOUN
cjfa-18795	111	20	in	in	ADP
cjfa-18795	111	21	the	the	DET
cjfa-18795	111	22	capital	capital	NOUN
cjfa-18795	111	23	market	market	NOUN
cjfa-18795	111	24	of	of	ADP
cjfa-18795	111	25	bangladesh	bangladesh	NOUN
cjfa-18795	111	26	.	.	PUNCT
cjfa-18795	112	1	they	they	PRON
cjfa-18795	112	2	found	find	VERB
cjfa-18795	112	3	that	that	SCONJ
cjfa-18795	112	4	in	in	ADP
cjfa-18795	112	5	bangladesh	bangladesh	NOUN
cjfa-18795	112	6	profitability	profitability	NOUN
cjfa-18795	112	7	,	,	PUNCT
cjfa-18795	112	8	corporate	corporate	ADJ
cjfa-18795	112	9	tax	tax	NOUN
cjfa-18795	112	10	and	and	CCONJ
cjfa-18795	112	11	market	market	NOUN
cjfa-18795	112	12	to	to	ADP
cjfa-18795	112	13	book	book	NOUN
cjfa-18795	112	14	value	value	NOUN
cjfa-18795	112	15	ratios	ratio	NOUN
cjfa-18795	112	16	are	be	AUX
cjfa-18795	112	17	the	the	DET
cjfa-18795	112	18	significant	significant	ADJ
cjfa-18795	112	19	determinants	determinant	NOUN
cjfa-18795	112	20	of	of	ADP
cjfa-18795	112	21	dividend	dividend	NOUN
cjfa-18795	112	22	payout	payout	NOUN
cjfa-18795	112	23	ratio	ratio	NOUN
cjfa-18795	112	24	and	and	CCONJ
cjfa-18795	112	25	operating	operate	VERB
cjfa-18795	112	26	cash	cash	NOUN
cjfa-18795	112	27	flow	flow	NOUN
cjfa-18795	112	28	per	per	ADP
cjfa-18795	112	29	share	share	NOUN
cjfa-18795	112	30	,	,	PUNCT
cjfa-18795	112	31	current	current	ADJ
cjfa-18795	112	32	ratio	ratio	NOUN
cjfa-18795	112	33	and	and	CCONJ
cjfa-18795	112	34	debt	debt	NOUN
cjfa-18795	112	35	to	to	ADP
cjfa-18795	112	36	equity	equity	NOUN
cjfa-18795	112	37	ratio	ratio	NOUN
cjfa-18795	112	38	are	be	AUX
cjfa-18795	112	39	the	the	DET
cjfa-18795	112	40	insignificant	insignificant	ADJ
cjfa-18795	112	41	determinants	determinant	NOUN
cjfa-18795	112	42	of	of	ADP
cjfa-18795	112	43	dividend	dividend	NOUN
cjfa-18795	112	44	payout	payout	NOUN
cjfa-18795	112	45	ratio	ratio	NOUN
cjfa-18795	112	46	.	.	PUNCT
cjfa-18795	113	1	research	research	NOUN
cjfa-18795	113	2	methodology	methodology	NOUN
cjfa-18795	113	3	1	1	NUM
cjfa-18795	113	4	.	.	PUNCT
cjfa-18795	114	1	sample	sample	NOUN
cjfa-18795	114	2	i	i	PRON
cjfa-18795	114	3	have	have	AUX
cjfa-18795	114	4	taken	take	VERB
cjfa-18795	114	5	banks	bank	NOUN
cjfa-18795	114	6	from	from	ADP
cjfa-18795	114	7	financial	financial	ADJ
cjfa-18795	114	8	sectors	sector	NOUN
cjfa-18795	114	9	,	,	PUNCT
cjfa-18795	114	10	which	which	PRON
cjfa-18795	114	11	are	be	AUX
cjfa-18795	114	12	enlisted	enlist	VERB
cjfa-18795	114	13	before	before	ADP
cjfa-18795	114	14	2010	2010	NUM
cjfa-18795	114	15	in	in	ADP
cjfa-18795	114	16	dse	dse	PROPN
cjfa-18795	114	17	as	as	ADP
cjfa-18795	114	18	population	population	NOUN
cjfa-18795	114	19	.	.	PUNCT
cjfa-18795	115	1	from	from	ADP
cjfa-18795	115	2	the	the	DET
cjfa-18795	115	3	population	population	NOUN
cjfa-18795	115	4	(	(	PUNCT
cjfa-18795	115	5	30	30	NUM
cjfa-18795	115	6	)	)	PUNCT
cjfa-18795	115	7	,	,	PUNCT
cjfa-18795	115	8	it	it	PRON
cjfa-18795	115	9	is	be	AUX
cjfa-18795	115	10	taken	take	VERB
cjfa-18795	115	11	22	22	NUM
cjfa-18795	115	12	companies	company	NOUN
cjfa-18795	115	13	as	as	ADP
cjfa-18795	115	14	sample	sample	NOUN
cjfa-18795	115	15	through	through	ADP
cjfa-18795	115	16	sample	sample	NOUN
cjfa-18795	115	17	size	size	NOUN
cjfa-18795	115	18	determination	determination	NOUN
cjfa-18795	115	19	techniques	technique	NOUN
cjfa-18795	115	20	.	.	PUNCT
cjfa-18795	116	1	n	n	X
cjfa-18795	116	2	(	(	PUNCT
cjfa-18795	116	3	n	n	X
cjfa-18795	116	4	=	=	SYM
cjfa-18795	116	5	----------------------	----------------------	PUNCT
cjfa-18795	117	1	1+n(e)2	1+n(e)2	NUM
cjfa-18795	117	2	n	n	NOUN
cjfa-18795	117	3	=	=	NOUN
cjfa-18795	117	4	sample	sample	NOUN
cjfa-18795	117	5	size	size	NOUN
cjfa-18795	117	6	,	,	PUNCT
cjfa-18795	117	7	n	n	NOUN
cjfa-18795	117	8	=	=	NOUN
cjfa-18795	117	9	population	population	NOUN
cjfa-18795	117	10	size	size	NOUN
cjfa-18795	117	11	,	,	PUNCT
cjfa-18795	117	12	e	e	NOUN
cjfa-18795	117	13	=	=	SYM
cjfa-18795	117	14	level	level	NOUN
cjfa-18795	117	15	of	of	ADP
cjfa-18795	117	16	precision	precision	NOUN
cjfa-18795	117	17	)	)	PUNCT
cjfa-18795	118	1	the	the	DET
cjfa-18795	118	2	study	study	NOUN
cjfa-18795	118	3	period	period	NOUN
cjfa-18795	118	4	is	be	AUX
cjfa-18795	118	5	20	20	NUM
cjfa-18795	118	6	years	year	NOUN
cjfa-18795	118	7	from	from	ADP
cjfa-18795	118	8	1994	1994	NUM
cjfa-18795	118	9	to	to	ADP
cjfa-18795	118	10	2013	2013	NUM
cjfa-18795	118	11	.	.	PUNCT
cjfa-18795	119	1	this	this	DET
cjfa-18795	119	2	research	research	NOUN
cjfa-18795	119	3	is	be	AUX
cjfa-18795	119	4	an	an	DET
cjfa-18795	119	5	analytical	analytical	ADJ
cjfa-18795	119	6	research	research	NOUN
cjfa-18795	119	7	based	base	VERB
cjfa-18795	119	8	on	on	ADP
cjfa-18795	119	9	secondary	secondary	ADJ
cjfa-18795	119	10	data	datum	NOUN
cjfa-18795	119	11	.	.	PUNCT
cjfa-18795	120	1	the	the	DET
cjfa-18795	120	2	secondary	secondary	ADJ
cjfa-18795	120	3	data	datum	NOUN
cjfa-18795	120	4	is	be	AUX
cjfa-18795	120	5	taken	take	VERB
cjfa-18795	120	6	from	from	ADP
cjfa-18795	120	7	following	follow	VERB
cjfa-18795	120	8	sources	source	NOUN
cjfa-18795	120	9	:	:	PUNCT
cjfa-18795	120	10	published	publish	VERB
cjfa-18795	120	11	annual	annual	ADJ
cjfa-18795	120	12	reports	report	NOUN
cjfa-18795	120	13	of	of	ADP
cjfa-18795	120	14	sample	sample	NOUN
cjfa-18795	120	15	banks	bank	NOUN
cjfa-18795	120	16	,	,	PUNCT
cjfa-18795	120	17	monthly	monthly	ADJ
cjfa-18795	120	18	review	review	NOUN
cjfa-18795	120	19	of	of	ADP
cjfa-18795	120	20	dhaka	dhaka	PROPN
cjfa-18795	120	21	stock	stock	PROPN
cjfa-18795	120	22	exchange	exchange	PROPN
cjfa-18795	120	23	and	and	CCONJ
cjfa-18795	120	24	website	website	NOUN
cjfa-18795	120	25	of	of	ADP
cjfa-18795	120	26	dse	dse	PROPN
cjfa-18795	120	27	.	.	PUNCT
cjfa-18795	121	1	the	the	DET
cjfa-18795	121	2	stratified	stratified	ADJ
cjfa-18795	121	3	random	random	ADJ
cjfa-18795	121	4	sampling	sampling	NOUN
cjfa-18795	121	5	procedure	procedure	NOUN
cjfa-18795	121	6	is	be	AUX
cjfa-18795	121	7	followed	follow	VERB
cjfa-18795	121	8	for	for	ADP
cjfa-18795	121	9	data	data	NOUN
cjfa-18795	121	10	collection	collection	NOUN
cjfa-18795	121	11	.	.	PUNCT
cjfa-18795	122	1	2	2	X
cjfa-18795	122	2	.	.	X
cjfa-18795	122	3	primary	primary	ADJ
cjfa-18795	122	4	data	datum	NOUN
cjfa-18795	122	5	:	:	PUNCT
cjfa-18795	122	6	survey	survey	NOUN
cjfa-18795	122	7	instruments	instrument	VERB
cjfa-18795	122	8	the	the	DET
cjfa-18795	122	9	present	present	ADJ
cjfa-18795	122	10	research	research	NOUN
cjfa-18795	122	11	is	be	AUX
cjfa-18795	122	12	based	base	VERB
cjfa-18795	122	13	on	on	ADP
cjfa-18795	122	14	an	an	DET
cjfa-18795	122	15	empirical	empirical	ADJ
cjfa-18795	122	16	study	study	NOUN
cjfa-18795	122	17	of	of	ADP
cjfa-18795	122	18	22	22	NUM
cjfa-18795	122	19	listed	list	VERB
cjfa-18795	122	20	banks	bank	NOUN
cjfa-18795	122	21	from	from	ADP
cjfa-18795	122	22	the	the	DET
cjfa-18795	122	23	dse	dse	PROPN
cjfa-18795	122	24	with	with	ADP
cjfa-18795	122	25	the	the	DET
cjfa-18795	122	26	objective	objective	NOUN
cjfa-18795	122	27	of	of	ADP
cjfa-18795	122	28	identifying	identify	VERB
cjfa-18795	122	29	the	the	DET
cjfa-18795	122	30	dividend	dividend	NOUN
cjfa-18795	122	31	policies	policy	NOUN
cjfa-18795	122	32	practices	practice	NOUN
cjfa-18795	122	33	.	.	PUNCT
cjfa-18795	123	1	the	the	DET
cjfa-18795	123	2	data	datum	NOUN
cjfa-18795	123	3	has	have	AUX
cjfa-18795	123	4	been	be	AUX
cjfa-18795	123	5	collected	collect	VERB
cjfa-18795	123	6	through	through	ADP
cjfa-18795	123	7	the	the	DET
cjfa-18795	123	8	primary	primary	ADJ
cjfa-18795	123	9	mode	mode	NOUN
cjfa-18795	123	10	using	use	VERB
cjfa-18795	123	11	a	a	DET
cjfa-18795	123	12	structured	structured	ADJ
cjfa-18795	123	13	questionnaire	questionnaire	NOUN
cjfa-18795	123	14	mohammad	mohammad	PROPN
cjfa-18795	123	15	shahidul	shahidul	PROPN
cjfa-18795	123	16	islam50	islam50	NOUN
cjfa-18795	123	17	containing	contain	VERB
cjfa-18795	123	18	8	8	NUM
cjfa-18795	123	19	statements	statement	NOUN
cjfa-18795	123	20	based	base	VERB
cjfa-18795	123	21	on	on	ADP
cjfa-18795	123	22	5	5	NUM
cjfa-18795	123	23	point	point	NOUN
cjfa-18795	123	24	likert	likert	ADJ
cjfa-18795	123	25	scale	scale	NOUN
cjfa-18795	123	26	where	where	SCONJ
cjfa-18795	123	27	strongly	strongly	ADV
cjfa-18795	123	28	agree=2	agree=2	ADP
cjfa-18795	123	29	,	,	PUNCT
cjfa-18795	123	30	agree=1	agree=1	PROPN
cjfa-18795	123	31	,	,	PUNCT
cjfa-18795	123	32	indifferent=0	indifferent=0	PROPN
cjfa-18795	123	33	,	,	PUNCT
cjfa-18795	123	34	disagree=-1	disagree=-1	PROPN
cjfa-18795	123	35	,	,	PUNCT
cjfa-18795	123	36	strongly	strongly	ADV
cjfa-18795	123	37	disagree=-2	disagree=-2	PROPN
cjfa-18795	123	38	.	.	PUNCT
cjfa-18795	124	1	the	the	DET
cjfa-18795	124	2	respondents	respondent	NOUN
cjfa-18795	124	3	are	be	AUX
cjfa-18795	124	4	asked	ask	VERB
cjfa-18795	124	5	to	to	PART
cjfa-18795	124	6	indicate	indicate	VERB
cjfa-18795	124	7	the	the	DET
cjfa-18795	124	8	level	level	NOUN
cjfa-18795	124	9	of	of	ADP
cjfa-18795	124	10	agreement	agreement	NOUN
cjfa-18795	124	11	on	on	ADP
cjfa-18795	124	12	issues	issue	NOUN
cjfa-18795	124	13	for	for	ADP
cjfa-18795	124	14	their	their	PRON
cjfa-18795	124	15	firm	firm	NOUN
cjfa-18795	124	16	’s	’s	PART
cjfa-18795	124	17	dividend	dividend	NOUN
cjfa-18795	124	18	policy	policy	NOUN
cjfa-18795	124	19	.	.	PUNCT
cjfa-18795	125	1	there	there	PRON
cjfa-18795	125	2	are	be	VERB
cjfa-18795	125	3	8	8	NUM
cjfa-18795	125	4	multiple	multiple	ADJ
cjfa-18795	125	5	choice	choice	NOUN
cjfa-18795	125	6	questions	question	NOUN
cjfa-18795	125	7	are	be	AUX
cjfa-18795	125	8	also	also	ADV
cjfa-18795	125	9	given	give	VERB
cjfa-18795	125	10	to	to	ADP
cjfa-18795	125	11	respondents	respondent	NOUN
cjfa-18795	125	12	.	.	PUNCT
cjfa-18795	126	1	the	the	DET
cjfa-18795	126	2	questionnaire	questionnaire	NOUN
cjfa-18795	126	3	has	have	AUX
cjfa-18795	126	4	been	be	AUX
cjfa-18795	126	5	prepared	prepare	VERB
cjfa-18795	126	6	after	after	ADP
cjfa-18795	126	7	reviewing	review	VERB
cjfa-18795	126	8	the	the	DET
cjfa-18795	126	9	prior	prior	ADJ
cjfa-18795	126	10	studies	study	NOUN
cjfa-18795	126	11	on	on	ADP
cjfa-18795	126	12	dividend	dividend	NOUN
cjfa-18795	126	13	practices	practice	NOUN
cjfa-18795	126	14	by	by	ADP
cjfa-18795	126	15	decision	decision	NOUN
cjfa-18795	126	16	maker	maker	NOUN
cjfa-18795	126	17	.	.	PUNCT
cjfa-18795	127	1	the	the	DET
cjfa-18795	127	2	survey	survey	NOUN
cjfa-18795	127	3	follows	follow	VERB
cjfa-18795	127	4	the	the	DET
cjfa-18795	127	5	literature	literature	NOUN
cjfa-18795	127	6	of	of	ADP
cjfa-18795	127	7	baker	baker	PROPN
cjfa-18795	127	8	and	and	CCONJ
cjfa-18795	127	9	powell	powell	PROPN
cjfa-18795	127	10	(	(	PUNCT
cjfa-18795	127	11	2000	2000	NUM
cjfa-18795	127	12	)	)	PUNCT
cjfa-18795	127	13	,	,	PUNCT
cjfa-18795	127	14	brav	brav	PROPN
cjfa-18795	127	15	et	et	PROPN
cjfa-18795	127	16	al	al	PROPN
cjfa-18795	127	17	.	.	PROPN
cjfa-18795	128	1	(	(	PUNCT
cjfa-18795	128	2	2005	2005	NUM
cjfa-18795	128	3	)	)	PUNCT
cjfa-18795	128	4	,	,	PUNCT
cjfa-18795	128	5	edelman	edelman	NOUN
cjfa-18795	128	6	(	(	PUNCT
cjfa-18795	128	7	1983	1983	NUM
cjfa-18795	128	8	)	)	PUNCT
cjfa-18795	128	9	etc	etc	X
cjfa-18795	128	10	.	.	X
cjfa-18795	129	1	i	i	PRON
cjfa-18795	129	2	mailed	mail	VERB
cjfa-18795	129	3	the	the	DET
cjfa-18795	129	4	survey	survey	NOUN
cjfa-18795	129	5	instruments	instrument	NOUN
cjfa-18795	129	6	to	to	ADP
cjfa-18795	129	7	the	the	DET
cjfa-18795	129	8	chief	chief	ADJ
cjfa-18795	129	9	financial	financial	ADJ
cjfa-18795	129	10	officer	officer	NOUN
cjfa-18795	129	11	(	(	PUNCT
cjfa-18795	129	12	cfo	cfo	PROPN
cjfa-18795	129	13	)	)	PUNCT
cjfa-18795	129	14	and	and	CCONJ
cjfa-18795	129	15	managing	managing	NOUN
cjfa-18795	129	16	director	director	NOUN
cjfa-18795	129	17	,	,	PUNCT
cjfa-18795	129	18	chairman	chairman	NOUN
cjfa-18795	129	19	,	,	PUNCT
cjfa-18795	129	20	board	board	NOUN
cjfa-18795	129	21	of	of	ADP
cjfa-18795	129	22	directors	director	NOUN
cjfa-18795	129	23	of	of	ADP
cjfa-18795	129	24	each	each	DET
cjfa-18795	129	25	firm	firm	NOUN
cjfa-18795	129	26	in	in	ADP
cjfa-18795	129	27	september	september	PROPN
cjfa-18795	129	28	2013	2013	NUM
cjfa-18795	129	29	.	.	PUNCT
cjfa-18795	130	1	the	the	DET
cjfa-18795	130	2	mailing	mailing	NOUN
cjfa-18795	130	3	included	include	VERB
cjfa-18795	130	4	a	a	DET
cjfa-18795	130	5	cover	cover	NOUN
cjfa-18795	130	6	letter	letter	NOUN
cjfa-18795	130	7	and	and	CCONJ
cjfa-18795	130	8	a	a	DET
cjfa-18795	130	9	stamped	stamped	ADJ
cjfa-18795	130	10	return	return	NOUN
cjfa-18795	130	11	envelope	envelope	NOUN
cjfa-18795	130	12	.	.	PUNCT
cjfa-18795	131	1	the	the	DET
cjfa-18795	131	2	cover	cover	NOUN
cjfa-18795	131	3	letter	letter	NOUN
cjfa-18795	131	4	assured	assure	VERB
cjfa-18795	131	5	recipients	recipient	NOUN
cjfa-18795	131	6	that	that	SCONJ
cjfa-18795	131	7	their	their	PRON
cjfa-18795	131	8	answers	answer	NOUN
cjfa-18795	131	9	would	would	AUX
cjfa-18795	131	10	be	be	AUX
cjfa-18795	131	11	confidential	confidential	ADJ
cjfa-18795	131	12	and	and	CCONJ
cjfa-18795	131	13	released	release	VERB
cjfa-18795	131	14	only	only	ADV
cjfa-18795	131	15	in	in	ADP
cjfa-18795	131	16	summary	summary	NOUN
cjfa-18795	131	17	form	form	NOUN
cjfa-18795	131	18	.	.	PUNCT
cjfa-18795	132	1	but	but	CCONJ
cjfa-18795	132	2	i	i	PRON
cjfa-18795	132	3	did	do	AUX
cjfa-18795	132	4	not	not	PART
cjfa-18795	132	5	find	find	VERB
cjfa-18795	132	6	satisfactory	satisfactory	ADJ
cjfa-18795	132	7	response	response	NOUN
cjfa-18795	132	8	.	.	PUNCT
cjfa-18795	133	1	so	so	ADV
cjfa-18795	133	2	,	,	PUNCT
cjfa-18795	133	3	later	later	ADV
cjfa-18795	133	4	,	,	PUNCT
cjfa-18795	133	5	i	i	PRON
cjfa-18795	133	6	went	go	VERB
cjfa-18795	133	7	personally	personally	ADV
cjfa-18795	133	8	to	to	ADP
cjfa-18795	133	9	the	the	DET
cjfa-18795	133	10	respondents	respondent	NOUN
cjfa-18795	133	11	of	of	ADP
cjfa-18795	133	12	each	each	DET
cjfa-18795	133	13	firm	firm	NOUN
cjfa-18795	133	14	and	and	CCONJ
cjfa-18795	133	15	finally	finally	ADV
cjfa-18795	133	16	collected	collect	VERB
cjfa-18795	133	17	108	108	NUM
cjfa-18795	133	18	questionnaires	questionnaire	NOUN
cjfa-18795	133	19	as	as	ADP
cjfa-18795	133	20	a	a	DET
cjfa-18795	133	21	sample	sample	NOUN
cjfa-18795	133	22	.	.	PUNCT
cjfa-18795	134	1	parametric	parametric	ADJ
cjfa-18795	134	2	and	and	CCONJ
cjfa-18795	134	3	on	on	ADP
cjfa-18795	134	4	parametric	parametric	ADJ
cjfa-18795	134	5	test	test	NOUN
cjfa-18795	134	6	i	i	PRON
cjfa-18795	134	7	have	have	AUX
cjfa-18795	134	8	used	use	VERB
cjfa-18795	134	9	one	one	NUM
cjfa-18795	134	10	-	-	PUNCT
cjfa-18795	134	11	sample	sample	NOUN
cjfa-18795	134	12	t	t	NOUN
cjfa-18795	134	13	-	-	PUNCT
cjfa-18795	134	14	test	test	NOUN
cjfa-18795	134	15	to	to	PART
cjfa-18795	134	16	determine	determine	VERB
cjfa-18795	134	17	whether	whether	SCONJ
cjfa-18795	134	18	the	the	DET
cjfa-18795	134	19	mean	mean	ADJ
cjfa-18795	134	20	response	response	NOUN
cjfa-18795	134	21	for	for	SCONJ
cjfa-18795	134	22	each	each	PRON
cjfa-18795	134	23	of	of	ADP
cjfa-18795	134	24	the	the	DET
cjfa-18795	134	25	8	8	NUM
cjfa-18795	134	26	factors	factor	NOUN
cjfa-18795	134	27	involving	involve	VERB
cjfa-18795	134	28	dividend	dividend	NOUN
cjfa-18795	134	29	policy	policy	NOUN
cjfa-18795	134	30	differs	differ	VERB
cjfa-18795	134	31	significantly	significantly	ADV
cjfa-18795	134	32	from	from	ADP
cjfa-18795	134	33	0	0	NUM
cjfa-18795	134	34	(	(	PUNCT
cjfa-18795	134	35	indifferent	indifferent	NOUN
cjfa-18795	134	36	)	)	PUNCT
cjfa-18795	134	37	.	.	PUNCT
cjfa-18795	135	1	this	this	DET
cjfa-18795	135	2	study	study	NOUN
cjfa-18795	135	3	follows	follow	VERB
cjfa-18795	135	4	the	the	DET
cjfa-18795	135	5	test	test	NOUN
cjfa-18795	135	6	of	of	ADP
cjfa-18795	135	7	baker	baker	PROPN
cjfa-18795	135	8	and	and	CCONJ
cjfa-18795	135	9	powell	powell	PROPN
cjfa-18795	135	10	(	(	PUNCT
cjfa-18795	135	11	2000	2000	NUM
cjfa-18795	135	12	)	)	PUNCT
cjfa-18795	135	13	,	,	PUNCT
cjfa-18795	135	14	brav	brav	PROPN
cjfa-18795	135	15	et	et	PROPN
cjfa-18795	135	16	al	al	PROPN
cjfa-18795	135	17	.	.	PROPN
cjfa-18795	136	1	(	(	PUNCT
cjfa-18795	136	2	2005	2005	NUM
cjfa-18795	136	3	)	)	PUNCT
cjfa-18795	136	4	,	,	PUNCT
cjfa-18795	136	5	etc	etc	X
cjfa-18795	136	6	.	.	X
cjfa-18795	137	1	the	the	DET
cjfa-18795	137	2	non	non	ADJ
cjfa-18795	137	3	-parametric	-parametric	PROPN
cjfa-18795	137	4	test	test	NOUN
cjfa-18795	137	5	(	(	PUNCT
cjfa-18795	137	6	chi	chi	ADJ
cjfa-18795	137	7	-	-	PUNCT
cjfa-18795	137	8	square	square	ADJ
cjfa-18795	137	9	test	test	NOUN
cjfa-18795	137	10	)	)	PUNCT
cjfa-18795	137	11	is	be	AUX
cjfa-18795	137	12	also	also	ADV
cjfa-18795	137	13	done	do	VERB
cjfa-18795	137	14	which	which	PRON
cjfa-18795	137	15	is	be	AUX
cjfa-18795	137	16	similar	similar	ADJ
cjfa-18795	137	17	testing	testing	NOUN
cjfa-18795	137	18	tools	tool	NOUN
cjfa-18795	137	19	of	of	ADP
cjfa-18795	137	20	edelman	edelman	NOUN
cjfa-18795	137	21	and	and	CCONJ
cjfa-18795	137	22	farrelly	farrelly	NOUN
cjfa-18795	137	23	(	(	PUNCT
cjfa-18795	137	24	1983	1983	NUM
cjfa-18795	137	25	)	)	PUNCT
cjfa-18795	137	26	.	.	PUNCT
cjfa-18795	138	1	3	3	X
cjfa-18795	138	2	.	.	X
cjfa-18795	138	3	secondary	secondary	ADJ
cjfa-18795	138	4	data	datum	NOUN
cjfa-18795	138	5	:	:	PUNCT
cjfa-18795	138	6	the	the	DET
cjfa-18795	138	7	study	study	NOUN
cjfa-18795	138	8	is	be	AUX
cjfa-18795	138	9	based	base	VERB
cjfa-18795	138	10	on	on	ADP
cjfa-18795	138	11	secondary	secondary	ADJ
cjfa-18795	138	12	data	datum	NOUN
cjfa-18795	138	13	obtained	obtain	VERB
cjfa-18795	138	14	from	from	ADP
cjfa-18795	138	15	published	publish	VERB
cjfa-18795	138	16	annual	annual	ADJ
cjfa-18795	138	17	reports	report	NOUN
cjfa-18795	138	18	of	of	ADP
cjfa-18795	138	19	sample	sample	NOUN
cjfa-18795	138	20	firms	firm	NOUN
cjfa-18795	138	21	,	,	PUNCT
cjfa-18795	138	22	monthly	monthly	ADJ
cjfa-18795	138	23	review	review	NOUN
cjfa-18795	138	24	of	of	ADP
cjfa-18795	138	25	dhaka	dhaka	PROPN
cjfa-18795	138	26	stock	stock	PROPN
cjfa-18795	138	27	exchange	exchange	PROPN
cjfa-18795	138	28	and	and	CCONJ
cjfa-18795	138	29	website	website	NOUN
cjfa-18795	138	30	of	of	ADP
cjfa-18795	138	31	dse	dse	PROPN
cjfa-18795	138	32	.	.	PUNCT
cjfa-18795	139	1	it	it	PRON
cjfa-18795	139	2	is	be	AUX
cjfa-18795	139	3	taken	take	VERB
cjfa-18795	139	4	22	22	NUM
cjfa-18795	139	5	banks	bank	NOUN
cjfa-18795	139	6	from	from	ADP
cjfa-18795	139	7	banking	banking	NOUN
cjfa-18795	139	8	sectors	sector	NOUN
cjfa-18795	139	9	as	as	ADP
cjfa-18795	139	10	sample	sample	NOUN
cjfa-18795	139	11	.	.	PUNCT
cjfa-18795	140	1	the	the	DET
cjfa-18795	140	2	sample	sample	NOUN
cjfa-18795	140	3	period	period	NOUN
cjfa-18795	140	4	is	be	AUX
cjfa-18795	140	5	20	20	NUM
cjfa-18795	140	6	years	year	NOUN
cjfa-18795	140	7	from	from	ADP
cjfa-18795	140	8	1994	1994	NUM
cjfa-18795	140	9	to	to	ADP
cjfa-18795	140	10	2013	2013	NUM
cjfa-18795	140	11	for	for	ADP
cjfa-18795	140	12	study	study	NOUN
cjfa-18795	140	13	.	.	PUNCT
cjfa-18795	141	1	the	the	DET
cjfa-18795	141	2	data	datum	NOUN
cjfa-18795	141	3	are	be	AUX
cjfa-18795	141	4	analyzed	analyze	VERB
cjfa-18795	141	5	with	with	ADP
cjfa-18795	141	6	descriptive	descriptive	ADJ
cjfa-18795	141	7	way	way	NOUN
cjfa-18795	141	8	of	of	ADP
cjfa-18795	141	9	dividend	dividend	NOUN
cjfa-18795	141	10	practices	practice	NOUN
cjfa-18795	141	11	in	in	ADP
cjfa-18795	141	12	bangladesh	bangladesh	NOUN
cjfa-18795	141	13	.	.	PUNCT
cjfa-18795	142	1	dividend	dividend	NOUN
cjfa-18795	142	2	practices	practice	NOUN
cjfa-18795	142	3	in	in	ADP
cjfa-18795	142	4	listed	list	VERB
cjfa-18795	142	5	banks	bank	NOUN
cjfa-18795	142	6	of	of	ADP
cjfa-18795	142	7	bangladesh	bangladesh	NOUN
cjfa-18795	142	8	51	51	NUM
cjfa-18795	142	9	analysis	analysis	NOUN
cjfa-18795	142	10	and	and	CCONJ
cjfa-18795	142	11	interpretations	interpretation	NOUN
cjfa-18795	142	12	:	:	PUNCT
cjfa-18795	142	13	banking	banking	NOUN
cjfa-18795	142	14	sector	sector	NOUN
cjfa-18795	142	15	1	1	NUM
cjfa-18795	142	16	.	.	PUNCT
cjfa-18795	142	17	dividend	dividend	NOUN
cjfa-18795	142	18	performance	performance	NOUN
cjfa-18795	142	19	:	:	PUNCT
cjfa-18795	142	20	an	an	DET
cjfa-18795	142	21	analytical	analytical	ADJ
cjfa-18795	142	22	study	study	NOUN
cjfa-18795	142	23	on	on	ADP
cjfa-18795	142	24	banking	banking	NOUN
cjfa-18795	142	25	sector	sector	NOUN
cjfa-18795	142	26	1.1	1.1	NUM
cjfa-18795	142	27	.	.	PUNCT
cjfa-18795	143	1	sectoral	sectoral	ADJ
cjfa-18795	143	2	performance	performance	NOUN
cjfa-18795	143	3	of	of	ADP
cjfa-18795	143	4	dividend	dividend	NOUN
cjfa-18795	143	5	and	and	CCONJ
cjfa-18795	143	6	dividend	dividend	VERB
cjfa-18795	143	7	related	relate	VERB
cjfa-18795	143	8	issues	issue	NOUN
cjfa-18795	143	9	table	table	VERB
cjfa-18795	143	10	1	1	NUM
cjfa-18795	143	11	.	.	PUNCT
cjfa-18795	144	1	dividend	dividend	NOUN
cjfa-18795	144	2	performance	performance	NOUN
cjfa-18795	144	3	sectors	sector	NOUN
cjfa-18795	144	4	dpr	dpr	PROPN
cjfa-18795	144	5	dps	dps	PROPN
cjfa-18795	144	6	eps	eps	PROPN
cjfa-18795	144	7	dy	dy	PROPN
cjfa-18795	144	8	mps	mps	PROPN
cjfa-18795	144	9	bank	bank	PROPN
cjfa-18795	144	10	18.52919	18.52919	NUM
cjfa-18795	144	11	23.87359	23.87359	NUM
cjfa-18795	144	12	81.49525	81.49525	NUM
cjfa-18795	145	1	1.889658	1.889658	NUM
cjfa-18795	145	2	1221.601	1221.601	NUM
cjfa-18795	145	3	s	s	PART
cjfa-18795	145	4	o	o	NOUN
cjfa-18795	145	5	u	u	NOUN
cjfa-18795	145	6	r	r	NOUN
cjfa-18795	145	7	c	c	NOUN
cjfa-18795	145	8	e	e	NOUN
cjfa-18795	145	9	:	:	PUNCT
cjfa-18795	145	10	author	author	NOUN
cjfa-18795	145	11	’s	’s	PART
cjfa-18795	145	12	calculation	calculation	NOUN
cjfa-18795	145	13	.	.	PUNCT
cjfa-18795	146	1	from	from	ADP
cjfa-18795	146	2	the	the	DET
cjfa-18795	146	3	table	table	NOUN
cjfa-18795	146	4	1	1	NUM
cjfa-18795	146	5	,	,	PUNCT
cjfa-18795	146	6	it	it	PRON
cjfa-18795	146	7	is	be	AUX
cjfa-18795	146	8	observed	observe	VERB
cjfa-18795	146	9	that	that	SCONJ
cjfa-18795	146	10	the	the	DET
cjfa-18795	146	11	dpr	dpr	PROPN
cjfa-18795	146	12	,	,	PUNCT
cjfa-18795	146	13	dps	dps	PROPN
cjfa-18795	146	14	,	,	PUNCT
cjfa-18795	146	15	eps	eps	PROPN
cjfa-18795	146	16	,	,	PUNCT
cjfa-18795	146	17	dy	dy	NOUN
cjfa-18795	146	18	,	,	PUNCT
cjfa-18795	146	19	mps	mps	PROPN
cjfa-18795	146	20	are	be	AUX
cjfa-18795	146	21	18.52	18.52	NUM
cjfa-18795	146	22	,	,	PUNCT
cjfa-18795	146	23	23.87	23.87	NUM
cjfa-18795	146	24	,	,	PUNCT
cjfa-18795	146	25	81.49	81.49	NUM
cjfa-18795	146	26	,	,	PUNCT
cjfa-18795	146	27	1.88	1.88	NUM
cjfa-18795	146	28	,	,	PUNCT
cjfa-18795	146	29	1221	1221	NUM
cjfa-18795	146	30	respectively	respectively	ADV
cjfa-18795	146	31	.	.	PUNCT
cjfa-18795	147	1	the	the	DET
cjfa-18795	147	2	dpr	dpr	PROPN
cjfa-18795	147	3	is	be	AUX
cjfa-18795	147	4	lower	low	ADJ
cjfa-18795	147	5	than	than	ADP
cjfa-18795	147	6	other	other	ADJ
cjfa-18795	147	7	manufacturing	manufacturing	NOUN
cjfa-18795	147	8	sector	sector	NOUN
cjfa-18795	147	9	but	but	CCONJ
cjfa-18795	147	10	dps	dps	NOUN
cjfa-18795	147	11	is	be	AUX
cjfa-18795	147	12	more	more	ADJ
cjfa-18795	147	13	than	than	ADP
cjfa-18795	147	14	other	other	ADJ
cjfa-18795	147	15	sector	sector	NOUN
cjfa-18795	147	16	.	.	PUNCT
cjfa-18795	148	1	it	it	PRON
cjfa-18795	148	2	indicates	indicate	VERB
cjfa-18795	148	3	that	that	SCONJ
cjfa-18795	148	4	the	the	DET
cjfa-18795	148	5	banking	banking	NOUN
cjfa-18795	148	6	sector	sector	NOUN
cjfa-18795	148	7	provide	provide	VERB
cjfa-18795	148	8	more	more	ADJ
cjfa-18795	148	9	stock	stock	NOUN
cjfa-18795	148	10	dividend	dividend	NOUN
cjfa-18795	148	11	than	than	ADP
cjfa-18795	148	12	the	the	DET
cjfa-18795	148	13	manufacturing	manufacturing	NOUN
cjfa-18795	148	14	sectors	sector	NOUN
cjfa-18795	148	15	.	.	PUNCT
cjfa-18795	149	1	the	the	DET
cjfa-18795	149	2	eps	eps	PROPN
cjfa-18795	149	3	and	and	CCONJ
cjfa-18795	149	4	mps	mp	NOUN
cjfa-18795	149	5	are	be	AUX
cjfa-18795	149	6	much	much	ADV
cjfa-18795	149	7	higher	high	ADJ
cjfa-18795	149	8	than	than	ADP
cjfa-18795	149	9	some	some	DET
cjfa-18795	149	10	manufacturing	manufacture	VERB
cjfa-18795	149	11	sectors	sector	NOUN
cjfa-18795	149	12	.	.	PUNCT
cjfa-18795	150	1	1.2	1.2	NUM
cjfa-18795	150	2	.	.	PUNCT
cjfa-18795	150	3	dividend	dividend	NOUN
cjfa-18795	150	4	payment	payment	NOUN
cjfa-18795	150	5	of	of	ADP
cjfa-18795	150	6	different	different	ADJ
cjfa-18795	150	7	categories	category	NOUN
cjfa-18795	150	8	table	table	NOUN
cjfa-18795	150	9	2	2	NUM
cjfa-18795	150	10	.	.	PUNCT
cjfa-18795	150	11	dividend	dividend	NOUN
cjfa-18795	150	12	performance	performance	NOUN
cjfa-18795	150	13	of	of	ADP
cjfa-18795	150	14	different	different	ADJ
cjfa-18795	150	15	categories	category	NOUN
cjfa-18795	150	16	category	category	NOUN
cjfa-18795	150	17	dpr	dpr	PROPN
cjfa-18795	150	18	dps	dps	PROPN
cjfa-18795	150	19	eps	eps	PROPN
cjfa-18795	150	20	dy	dy	PROPN
cjfa-18795	150	21	mps	mps	PROPN
cjfa-18795	150	22	a	a	DET
cjfa-18795	150	23	18.52919	18.52919	NUM
cjfa-18795	150	24	23.87359	23.87359	NUM
cjfa-18795	150	25	81.49525	81.49525	NUM
cjfa-18795	150	26	1.889658	1.889658	NUM
cjfa-18795	150	27	1221.601	1221.601	NUM
cjfa-18795	150	28	s	s	PART
cjfa-18795	150	29	o	o	NOUN
cjfa-18795	150	30	u	u	NOUN
cjfa-18795	150	31	r	r	NOUN
cjfa-18795	150	32	c	c	NOUN
cjfa-18795	150	33	e	e	NOUN
cjfa-18795	150	34	:	:	PUNCT
cjfa-18795	150	35	author	author	NOUN
cjfa-18795	150	36	’s	’s	PART
cjfa-18795	150	37	calculation	calculation	NOUN
cjfa-18795	150	38	.	.	PUNCT
cjfa-18795	151	1	it	it	PRON
cjfa-18795	151	2	is	be	AUX
cjfa-18795	151	3	observed	observe	VERB
cjfa-18795	151	4	from	from	ADP
cjfa-18795	151	5	the	the	DET
cjfa-18795	151	6	table	table	NOUN
cjfa-18795	151	7	2	2	NUM
cjfa-18795	151	8	that	that	PRON
cjfa-18795	151	9	the	the	DET
cjfa-18795	151	10	most	most	ADJ
cjfa-18795	151	11	of	of	ADP
cjfa-18795	151	12	the	the	DET
cjfa-18795	151	13	banks	bank	NOUN
cjfa-18795	151	14	pay	pay	VERB
cjfa-18795	151	15	the	the	DET
cjfa-18795	151	16	dividend	dividend	NOUN
cjfa-18795	151	17	regularly	regularly	ADV
cjfa-18795	151	18	.	.	PUNCT
cjfa-18795	152	1	so	so	ADV
cjfa-18795	152	2	,	,	PUNCT
cjfa-18795	152	3	the	the	DET
cjfa-18795	152	4	sample	sample	NOUN
cjfa-18795	152	5	belongs	belong	VERB
cjfa-18795	152	6	to	to	ADP
cjfa-18795	152	7	a	a	DET
cjfa-18795	152	8	category	category	NOUN
cjfa-18795	152	9	only	only	ADV
cjfa-18795	152	10	.	.	PUNCT
cjfa-18795	153	1	mohammad	mohammad	PROPN
cjfa-18795	153	2	shahidul	shahidul	PROPN
cjfa-18795	153	3	islam52	islam52	VERB
cjfa-18795	153	4	1.3	1.3	NUM
cjfa-18795	153	5	.	.	PUNCT
cjfa-18795	154	1	dividend	dividend	NOUN
cjfa-18795	154	2	nature	nature	NOUN
cjfa-18795	154	3	of	of	ADP
cjfa-18795	154	4	different	different	ADJ
cjfa-18795	154	5	size	size	NOUN
cjfa-18795	154	6	of	of	ADP
cjfa-18795	154	7	the	the	DET
cjfa-18795	154	8	banks	bank	NOUN
cjfa-18795	154	9	table	table	VERB
cjfa-18795	154	10	3	3	NUM
cjfa-18795	154	11	.	.	PUNCT
cjfa-18795	154	12	dividend	dividend	NOUN
cjfa-18795	154	13	performance	performance	NOUN
cjfa-18795	154	14	of	of	ADP
cjfa-18795	154	15	different	different	ADJ
cjfa-18795	154	16	size	size	NOUN
cjfa-18795	154	17	of	of	ADP
cjfa-18795	154	18	the	the	DET
cjfa-18795	154	19	banks	bank	NOUN
cjfa-18795	154	20	size	size	NOUN
cjfa-18795	154	21	dpr	dpr	PROPN
cjfa-18795	154	22	dps	dps	PROPN
cjfa-18795	154	23	eps	eps	PROPN
cjfa-18795	154	24	dy	dy	PROPN
cjfa-18795	154	25	mps	mps	PROPN
cjfa-18795	154	26	large	large	ADJ
cjfa-18795	154	27	size	size	NOUN
cjfa-18795	154	28	27.4462	27.4462	NUM
cjfa-18795	154	29	21.7159	21.7159	NUM
cjfa-18795	154	30	31.2467	31.2467	NUM
cjfa-18795	154	31	1.97577	1.97577	NUM
cjfa-18795	154	32	2120.39	2120.39	NUM
cjfa-18795	154	33	medium	medium	ADJ
cjfa-18795	154	34	size	size	NOUN
cjfa-18795	154	35	11.96	11.96	NUM
cjfa-18795	154	36	26.84	26.84	NUM
cjfa-18795	154	37	117.6	117.6	NUM
cjfa-18795	154	38	1.801	1.801	NUM
cjfa-18795	154	39	567.8	567.8	NUM
cjfa-18795	154	40	small	small	ADJ
cjfa-18795	154	41	size	size	NOUN
cjfa-18795	154	42	14.52721	14.52721	NUM
cjfa-18795	154	43	17.24615	17.24615	NUM
cjfa-18795	155	1	109.1067	109.1067	NUM
cjfa-18795	155	2	1.990385	1.990385	NUM
cjfa-18795	155	3	773.1755	773.1755	NUM
cjfa-18795	155	4	s	s	PART
cjfa-18795	155	5	o	o	NOUN
cjfa-18795	155	6	u	u	NOUN
cjfa-18795	155	7	r	r	NOUN
cjfa-18795	155	8	c	c	NOUN
cjfa-18795	155	9	e	e	NOUN
cjfa-18795	155	10	:	:	PUNCT
cjfa-18795	155	11	author	author	NOUN
cjfa-18795	155	12	’s	’s	PART
cjfa-18795	155	13	calculation	calculation	NOUN
cjfa-18795	155	14	.	.	PUNCT
cjfa-18795	156	1	in	in	ADP
cjfa-18795	156	2	the	the	DET
cjfa-18795	156	3	table	table	NOUN
cjfa-18795	156	4	3	3	NUM
cjfa-18795	156	5	,	,	PUNCT
cjfa-18795	156	6	the	the	DET
cjfa-18795	156	7	dpr	dpr	PROPN
cjfa-18795	156	8	of	of	ADP
cjfa-18795	156	9	large	large	ADJ
cjfa-18795	156	10	size	size	NOUN
cjfa-18795	156	11	,	,	PUNCT
cjfa-18795	156	12	medium	medium	NOUN
cjfa-18795	156	13	size	size	NOUN
cjfa-18795	156	14	and	and	CCONJ
cjfa-18795	156	15	small	small	ADJ
cjfa-18795	156	16	size	size	NOUN
cjfa-18795	156	17	are	be	AUX
cjfa-18795	156	18	the	the	DET
cjfa-18795	156	19	27.44	27.44	NUM
cjfa-18795	156	20	,	,	PUNCT
cjfa-18795	156	21	11.96	11.96	NUM
cjfa-18795	156	22	,	,	PUNCT
cjfa-18795	156	23	and	and	CCONJ
cjfa-18795	156	24	14.52	14.52	NUM
cjfa-18795	156	25	percent	percent	NOUN
cjfa-18795	156	26	respectively	respectively	ADV
cjfa-18795	156	27	which	which	PRON
cjfa-18795	156	28	indicates	indicate	VERB
cjfa-18795	156	29	that	that	SCONJ
cjfa-18795	156	30	large	large	ADJ
cjfa-18795	156	31	banks	bank	NOUN
cjfa-18795	156	32	provide	provide	VERB
cjfa-18795	156	33	more	more	ADJ
cjfa-18795	156	34	dividends	dividend	NOUN
cjfa-18795	156	35	.	.	PUNCT
cjfa-18795	157	1	the	the	DET
cjfa-18795	157	2	mps	mp	NOUN
cjfa-18795	157	3	of	of	ADP
cjfa-18795	157	4	large	large	ADJ
cjfa-18795	157	5	banks	bank	NOUN
cjfa-18795	157	6	is	be	AUX
cjfa-18795	157	7	more	more	ADJ
cjfa-18795	157	8	than	than	ADP
cjfa-18795	157	9	the	the	DET
cjfa-18795	157	10	medium	medium	ADJ
cjfa-18795	157	11	and	and	CCONJ
cjfa-18795	157	12	small	small	ADJ
cjfa-18795	157	13	banks	bank	NOUN
cjfa-18795	157	14	.	.	PUNCT
cjfa-18795	158	1	but	but	CCONJ
cjfa-18795	158	2	the	the	DET
cjfa-18795	158	3	dps	dps	PROPN
cjfa-18795	158	4	and	and	CCONJ
cjfa-18795	158	5	eps	eps	PROPN
cjfa-18795	158	6	of	of	ADP
cjfa-18795	158	7	medium	medium	ADJ
cjfa-18795	158	8	size	size	NOUN
cjfa-18795	158	9	banks	bank	NOUN
cjfa-18795	158	10	have	have	VERB
cjfa-18795	158	11	more	more	ADJ
cjfa-18795	158	12	than	than	ADP
cjfa-18795	158	13	the	the	DET
cjfa-18795	158	14	other	other	ADJ
cjfa-18795	158	15	two	two	NUM
cjfa-18795	158	16	groups	group	NOUN
cjfa-18795	158	17	.	.	PUNCT
cjfa-18795	159	1	1.4	1.4	NUM
cjfa-18795	159	2	.	.	PUNCT
cjfa-18795	159	3	dividend	dividend	NOUN
cjfa-18795	159	4	payment	payment	NOUN
cjfa-18795	159	5	nature	nature	NOUN
cjfa-18795	159	6	of	of	ADP
cjfa-18795	159	7	different	different	ADJ
cjfa-18795	159	8	age	age	NOUN
cjfa-18795	159	9	of	of	ADP
cjfa-18795	159	10	the	the	DET
cjfa-18795	159	11	banks	bank	NOUN
cjfa-18795	159	12	table	table	VERB
cjfa-18795	159	13	4	4	NUM
cjfa-18795	159	14	.	.	PUNCT
cjfa-18795	159	15	dividend	dividend	NOUN
cjfa-18795	159	16	performance	performance	NOUN
cjfa-18795	159	17	of	of	ADP
cjfa-18795	159	18	different	different	ADJ
cjfa-18795	159	19	age	age	NOUN
cjfa-18795	159	20	of	of	ADP
cjfa-18795	159	21	the	the	DET
cjfa-18795	159	22	banks	bank	NOUN
cjfa-18795	159	23	year	year	NOUN
cjfa-18795	159	24	dpr	dpr	PROPN
cjfa-18795	159	25	dps	dps	PROPN
cjfa-18795	159	26	eps	eps	PROPN
cjfa-18795	159	27	dy	dy	PROPN
cjfa-18795	159	28	mps	mps	PROPN
cjfa-18795	159	29	1980–1990	1980–1990	NUM
cjfa-18795	159	30	14.25475	14.25475	NUM
cjfa-18795	159	31	23.29433	23.29433	NUM
cjfa-18795	159	32	39.07967	39.07967	NUM
cjfa-18795	159	33	4.363083	4.363083	NUM
cjfa-18795	159	34	497.5725	497.5725	NUM
cjfa-18795	159	35	1990–2000	1990–2000	NUM
cjfa-18795	159	36	21.64	21.64	NUM
cjfa-18795	159	37	22.25	22.25	NUM
cjfa-18795	159	38	35.64	35.64	NUM
cjfa-18795	159	39	2.911	2.911	NUM
cjfa-18795	159	40	378.3	378.3	NUM
cjfa-18795	159	41	2000–2005	2000–2005	NUM
cjfa-18795	159	42	17.84	17.84	NUM
cjfa-18795	159	43	27.38	27.38	NUM
cjfa-18795	159	44	132.2	132.2	NUM
cjfa-18795	159	45	1.781	1.781	NUM
cjfa-18795	159	46	644	644	NUM
cjfa-18795	160	1	2005–2010	2005–2010	NUM
cjfa-18795	160	2	20.9	20.9	NUM
cjfa-18795	160	3	18.28	18.28	NUM
cjfa-18795	160	4	25.11	25.11	NUM
cjfa-18795	160	5	0.511	0.511	NUM
cjfa-18795	160	6	2924	2924	NUM
cjfa-18795	160	7	s	s	NOUN
cjfa-18795	160	8	o	o	X
cjfa-18795	160	9	u	u	NOUN
cjfa-18795	160	10	r	r	NOUN
cjfa-18795	160	11	c	c	NOUN
cjfa-18795	160	12	e	e	NOUN
cjfa-18795	160	13	:	:	PUNCT
cjfa-18795	160	14	author	author	NOUN
cjfa-18795	160	15	’s	’s	PART
cjfa-18795	160	16	calculation	calculation	NOUN
cjfa-18795	160	17	.	.	PUNCT
cjfa-18795	161	1	it	it	PRON
cjfa-18795	161	2	is	be	AUX
cjfa-18795	161	3	observed	observe	VERB
cjfa-18795	161	4	from	from	ADP
cjfa-18795	161	5	the	the	DET
cjfa-18795	161	6	table	table	NOUN
cjfa-18795	161	7	4	4	NUM
cjfa-18795	161	8	that	that	PRON
cjfa-18795	161	9	the	the	DET
cjfa-18795	161	10	dpr	dpr	PROPN
cjfa-18795	161	11	of	of	ADP
cjfa-18795	161	12	the	the	DET
cjfa-18795	161	13	later	later	ADV
cjfa-18795	161	14	listed	list	VERB
cjfa-18795	161	15	companies	company	NOUN
cjfa-18795	161	16	is	be	AUX
cjfa-18795	161	17	more	more	ADJ
cjfa-18795	161	18	than	than	ADP
cjfa-18795	161	19	the	the	DET
cjfa-18795	161	20	earlier	early	ADV
cjfa-18795	161	21	listed	list	VERB
cjfa-18795	161	22	companies	company	NOUN
cjfa-18795	161	23	(	(	PUNCT
cjfa-18795	161	24	i.e.	i.e.	X
cjfa-18795	161	25	2005–10	2005–10	NUM
cjfa-18795	161	26	:	:	PUNCT
cjfa-18795	161	27	20.9	20.9	NUM
cjfa-18795	161	28	%	%	NOUN
cjfa-18795	161	29	,	,	PUNCT
cjfa-18795	161	30	2000–05	2000–05	NUM
cjfa-18795	161	31	:	:	PUNCT
cjfa-18795	161	32	17.84	17.84	NUM
cjfa-18795	161	33	%	%	NOUN
cjfa-18795	161	34	,	,	PUNCT
cjfa-18795	161	35	1990–00	1990–00	NUM
cjfa-18795	161	36	:	:	PUNCT
cjfa-18795	161	37	21.64	21.64	NUM
cjfa-18795	161	38	%	%	NOUN
cjfa-18795	161	39	,	,	PUNCT
cjfa-18795	161	40	1980–90	1980–90	NUM
cjfa-18795	161	41	:	:	PUNCT
cjfa-18795	161	42	14.25	14.25	NUM
cjfa-18795	161	43	%	%	NOUN
cjfa-18795	161	44	)	)	PUNCT
cjfa-18795	161	45	.	.	PUNCT
cjfa-18795	162	1	dividend	dividend	NOUN
cjfa-18795	162	2	practices	practice	NOUN
cjfa-18795	162	3	in	in	ADP
cjfa-18795	162	4	listed	list	VERB
cjfa-18795	162	5	banks	bank	NOUN
cjfa-18795	162	6	of	of	ADP
cjfa-18795	162	7	bangladesh	bangladesh	NOUN
cjfa-18795	162	8	53	53	NUM
cjfa-18795	162	9	1.5	1.5	NUM
cjfa-18795	162	10	.	.	PUNCT
cjfa-18795	163	1	dividend	dividend	NOUN
cjfa-18795	163	2	and	and	CCONJ
cjfa-18795	163	3	leverage	leverage	NOUN
cjfa-18795	163	4	table	table	NOUN
cjfa-18795	163	5	5	5	NUM
cjfa-18795	163	6	.	.	PUNCT
cjfa-18795	163	7	leverage	leverage	NOUN
cjfa-18795	163	8	and	and	CCONJ
cjfa-18795	163	9	dividend	dividend	NOUN
cjfa-18795	163	10	performance	performance	NOUN
cjfa-18795	163	11	leverage	leverage	NOUN
cjfa-18795	163	12	dpr	dpr	PROPN
cjfa-18795	163	13	dps	dps	PROPN
cjfa-18795	163	14	eps	eps	PROPN
cjfa-18795	163	15	dy	dy	PROPN
cjfa-18795	163	16	mps	mps	PROPN
cjfa-18795	163	17	high	high	ADJ
cjfa-18795	163	18	leveraged	leverage	VERB
cjfa-18795	163	19	firm	firm	NOUN
cjfa-18795	163	20	11.04	11.04	NUM
cjfa-18795	163	21	23.7	23.7	NUM
cjfa-18795	163	22	127.4	127.4	NUM
cjfa-18795	163	23	1.431	1.431	NUM
cjfa-18795	163	24	456.8	456.8	NUM
cjfa-18795	163	25	medium	medium	ADJ
cjfa-18795	163	26	leveraged	leverage	VERB
cjfa-18795	163	27	firm	firm	NOUN
cjfa-18795	163	28	18.1	18.1	NUM
cjfa-18795	163	29	21.96	21.96	NUM
cjfa-18795	163	30	31.4	31.4	NUM
cjfa-18795	163	31	1.71	1.71	NUM
cjfa-18795	163	32	2955	2955	NUM
cjfa-18795	163	33	low	low	ADJ
cjfa-18795	163	34	leveraged	leverage	VERB
cjfa-18795	163	35	firm	firm	NOUN
cjfa-18795	163	36	28.52335	28.52335	NUM
cjfa-18795	163	37	25.73311	25.73311	NUM
cjfa-18795	163	38	65.42094	65.42094	NUM
cjfa-18795	163	39	2.633198	2.633198	NUM
cjfa-18795	163	40	718.8738	718.8738	NOUN
cjfa-18795	163	41	s	s	PART
cjfa-18795	163	42	o	o	NOUN
cjfa-18795	163	43	u	u	NOUN
cjfa-18795	163	44	r	r	NOUN
cjfa-18795	163	45	c	c	NOUN
cjfa-18795	163	46	e	e	NOUN
cjfa-18795	163	47	:	:	PUNCT
cjfa-18795	163	48	author	author	NOUN
cjfa-18795	163	49	’s	’s	PART
cjfa-18795	163	50	calculation	calculation	NOUN
cjfa-18795	163	51	.	.	PUNCT
cjfa-18795	164	1	in	in	ADP
cjfa-18795	164	2	the	the	DET
cjfa-18795	164	3	table	table	NOUN
cjfa-18795	164	4	5	5	NUM
cjfa-18795	164	5	,	,	PUNCT
cjfa-18795	164	6	the	the	DET
cjfa-18795	164	7	dpr	dpr	PROPN
cjfa-18795	164	8	,	,	PUNCT
cjfa-18795	164	9	dps	dps	PROPN
cjfa-18795	164	10	,	,	PUNCT
cjfa-18795	164	11	eps	eps	PROPN
cjfa-18795	164	12	,	,	PUNCT
cjfa-18795	164	13	dy	dy	X
cjfa-18795	164	14	,	,	PUNCT
cjfa-18795	164	15	mps	mp	NOUN
cjfa-18795	164	16	of	of	ADP
cjfa-18795	164	17	low	low	ADJ
cjfa-18795	164	18	leveraged	leverage	VERB
cjfa-18795	164	19	firm	firm	NOUN
cjfa-18795	164	20	are	be	AUX
cjfa-18795	164	21	28.52	28.52	NUM
cjfa-18795	164	22	percent	percent	NOUN
cjfa-18795	164	23	,	,	PUNCT
cjfa-18795	164	24	25.73	25.73	NUM
cjfa-18795	164	25	,	,	PUNCT
cjfa-18795	164	26	65.42	65.42	NUM
cjfa-18795	164	27	,	,	PUNCT
cjfa-18795	164	28	2.63	2.63	NUM
cjfa-18795	164	29	,	,	PUNCT
cjfa-18795	164	30	718.87	718.87	NUM
cjfa-18795	164	31	respectively	respectively	ADV
cjfa-18795	164	32	and	and	CCONJ
cjfa-18795	164	33	these	these	PRON
cjfa-18795	164	34	are	be	AUX
cjfa-18795	164	35	higher	high	ADJ
cjfa-18795	164	36	than	than	ADP
cjfa-18795	164	37	the	the	DET
cjfa-18795	164	38	high	high	ADJ
cjfa-18795	164	39	and	and	CCONJ
cjfa-18795	164	40	medium	medium	ADJ
cjfa-18795	164	41	leveraged	leverage	VERB
cjfa-18795	164	42	firm	firm	NOUN
cjfa-18795	164	43	.	.	PUNCT
cjfa-18795	165	1	it	it	PRON
cjfa-18795	165	2	indicates	indicate	VERB
cjfa-18795	165	3	that	that	SCONJ
cjfa-18795	165	4	the	the	DET
cjfa-18795	165	5	low	low	ADJ
cjfa-18795	165	6	leveraged	leveraged	ADJ
cjfa-18795	165	7	bank	bank	NOUN
cjfa-18795	165	8	performed	perform	VERB
cjfa-18795	165	9	better	well	ADV
cjfa-18795	165	10	in	in	ADP
cjfa-18795	165	11	dividend	dividend	NOUN
cjfa-18795	165	12	and	and	CCONJ
cjfa-18795	165	13	dividend	dividend	VERB
cjfa-18795	165	14	related	related	ADJ
cjfa-18795	165	15	issues	issue	NOUN
cjfa-18795	165	16	.	.	PUNCT
cjfa-18795	166	1	1.6	1.6	NUM
cjfa-18795	166	2	.	.	PUNCT
cjfa-18795	166	3	dividend	dividend	NOUN
cjfa-18795	166	4	and	and	CCONJ
cjfa-18795	166	5	risk	risk	NOUN
cjfa-18795	166	6	table	table	NOUN
cjfa-18795	166	7	6	6	NUM
cjfa-18795	166	8	.	.	PUNCT
cjfa-18795	166	9	risk	risk	NOUN
cjfa-18795	166	10	and	and	CCONJ
cjfa-18795	166	11	dividend	dividend	NOUN
cjfa-18795	166	12	performance	performance	NOUN
cjfa-18795	166	13	of	of	ADP
cjfa-18795	166	14	different	different	ADJ
cjfa-18795	166	15	banks	bank	NOUN
cjfa-18795	166	16	risk	risk	VERB
cjfa-18795	166	17	dpr	dpr	PROPN
cjfa-18795	166	18	dps	dps	PROPN
cjfa-18795	166	19	eps	eps	PROPN
cjfa-18795	166	20	dy	dy	PROPN
cjfa-18795	166	21	mps	mps	PROPN
cjfa-18795	166	22	high	high	ADJ
cjfa-18795	166	23	risk	risk	NOUN
cjfa-18795	166	24	firm	firm	NOUN
cjfa-18795	166	25	23.68	23.68	NUM
cjfa-18795	166	26	23.45	23.45	NUM
cjfa-18795	166	27	50.7	50.7	NUM
cjfa-18795	166	28	1.38	1.38	NUM
cjfa-18795	166	29	709.1	709.1	NUM
cjfa-18795	166	30	medium	medium	NOUN
cjfa-18795	166	31	risk	risk	NOUN
cjfa-18795	166	32	firm	firm	NOUN
cjfa-18795	166	33	16.53	16.53	NUM
cjfa-18795	166	34	25.01	25.01	NUM
cjfa-18795	166	35	132.3	132.3	NUM
cjfa-18795	166	36	2.546	2.546	NUM
cjfa-18795	166	37	448.2	448.2	NUM
cjfa-18795	166	38	low	low	ADJ
cjfa-18795	166	39	risk	risk	NOUN
cjfa-18795	166	40	firm	firm	NOUN
cjfa-18795	166	41	7.380725	7.380725	NUM
cjfa-18795	166	42	21.85682	21.85682	NUM
cjfa-18795	166	43	31.66715	31.66715	NUM
cjfa-18795	166	44	1.618924	1.618924	NUM
cjfa-18795	166	45	446.5665	446.5665	NUM
cjfa-18795	166	46	s	s	PART
cjfa-18795	166	47	o	o	NOUN
cjfa-18795	166	48	u	u	NOUN
cjfa-18795	166	49	r	r	NOUN
cjfa-18795	166	50	c	c	NOUN
cjfa-18795	166	51	e	e	NOUN
cjfa-18795	166	52	:	:	PUNCT
cjfa-18795	166	53	author	author	NOUN
cjfa-18795	166	54	’s	’s	PART
cjfa-18795	166	55	calculation	calculation	NOUN
cjfa-18795	166	56	.	.	PUNCT
cjfa-18795	167	1	the	the	DET
cjfa-18795	167	2	dpr	dpr	PROPN
cjfa-18795	167	3	of	of	ADP
cjfa-18795	167	4	high	high	ADJ
cjfa-18795	167	5	risky	risky	ADJ
cjfa-18795	167	6	firms	firm	NOUN
cjfa-18795	167	7	is	be	AUX
cjfa-18795	167	8	more	more	ADJ
cjfa-18795	167	9	than	than	ADP
cjfa-18795	167	10	the	the	DET
cjfa-18795	167	11	medium	medium	ADJ
cjfa-18795	167	12	and	and	CCONJ
cjfa-18795	167	13	low	low	ADJ
cjfa-18795	167	14	risky	risky	ADJ
cjfa-18795	167	15	firms	firm	NOUN
cjfa-18795	167	16	but	but	CCONJ
cjfa-18795	167	17	the	the	DET
cjfa-18795	167	18	dps	dps	NOUN
cjfa-18795	167	19	,	,	PUNCT
cjfa-18795	167	20	eps	eps	PROPN
cjfa-18795	167	21	,	,	PUNCT
cjfa-18795	167	22	dy	dy	NOUN
cjfa-18795	167	23	of	of	ADP
cjfa-18795	167	24	medium	medium	ADJ
cjfa-18795	167	25	risky	risky	ADJ
cjfa-18795	167	26	firms	firm	NOUN
cjfa-18795	167	27	are	be	AUX
cjfa-18795	167	28	25.01	25.01	NUM
cjfa-18795	167	29	,	,	PUNCT
cjfa-18795	167	30	132.3	132.3	NUM
cjfa-18795	167	31	,	,	PUNCT
cjfa-18795	167	32	and	and	CCONJ
cjfa-18795	167	33	2.54	2.54	NUM
cjfa-18795	167	34	respectively	respectively	ADV
cjfa-18795	167	35	which	which	PRON
cjfa-18795	167	36	are	be	AUX
cjfa-18795	167	37	more	more	ADJ
cjfa-18795	167	38	than	than	ADP
cjfa-18795	167	39	the	the	DET
cjfa-18795	167	40	other	other	ADJ
cjfa-18795	167	41	two	two	NUM
cjfa-18795	167	42	groups	group	NOUN
cjfa-18795	167	43	(	(	PUNCT
cjfa-18795	167	44	table	table	NOUN
cjfa-18795	167	45	6	6	NUM
cjfa-18795	167	46	)	)	PUNCT
cjfa-18795	167	47	.	.	PUNCT
cjfa-18795	168	1	mohammad	mohammad	PROPN
cjfa-18795	168	2	shahidul	shahidul	PROPN
cjfa-18795	168	3	islam54	islam54	VERB
cjfa-18795	168	4	1.7	1.7	NUM
cjfa-18795	168	5	.	.	PUNCT
cjfa-18795	169	1	dividend	dividend	NOUN
cjfa-18795	169	2	and	and	CCONJ
cjfa-18795	169	3	ownership	ownership	NOUN
cjfa-18795	169	4	table	table	NOUN
cjfa-18795	169	5	7	7	NUM
cjfa-18795	169	6	.	.	PUNCT
cjfa-18795	169	7	ownership	ownership	NOUN
cjfa-18795	169	8	and	and	CCONJ
cjfa-18795	169	9	dividend	dividend	NOUN
cjfa-18795	169	10	performance	performance	NOUN
cjfa-18795	169	11	of	of	ADP
cjfa-18795	169	12	different	different	ADJ
cjfa-18795	169	13	banks	bank	NOUN
cjfa-18795	169	14	majority	majority	NOUN
cjfa-18795	169	15	shareholdings	shareholding	NOUN
cjfa-18795	169	16	dpr	dpr	PROPN
cjfa-18795	169	17	dps	dps	PROPN
cjfa-18795	169	18	eps	eps	PROPN
cjfa-18795	169	19	dy	dy	PROPN
cjfa-18795	169	20	mps	mps	PROPN
cjfa-18795	169	21	sponsor	sponsor	NOUN
cjfa-18795	169	22	(	(	PUNCT
cjfa-18795	169	23	50	50	NUM
cjfa-18795	169	24	%	%	NOUN
cjfa-18795	169	25	and	and	CCONJ
cjfa-18795	169	26	above	above	ADP
cjfa-18795	169	27	)	)	PUNCT
cjfa-18795	169	28	26.63	26.63	NUM
cjfa-18795	169	29	23.78	23.78	NUM
cjfa-18795	169	30	55.39	55.39	NUM
cjfa-18795	169	31	2.161	2.161	NUM
cjfa-18795	169	32	772.6	772.6	NUM
cjfa-18795	169	33	individual	individual	NOUN
cjfa-18795	169	34	(	(	PUNCT
cjfa-18795	169	35	40	40	NUM
cjfa-18795	169	36	%	%	NOUN
cjfa-18795	169	37	and	and	CCONJ
cjfa-18795	169	38	above	above	ADP
cjfa-18795	169	39	)	)	PUNCT
cjfa-18795	169	40	12.93	12.93	NUM
cjfa-18795	169	41	23.23	23.23	NUM
cjfa-18795	169	42	34.03	34.03	NUM
cjfa-18795	169	43	1.704	1.704	NUM
cjfa-18795	169	44	415.2	415.2	NUM
cjfa-18795	169	45	s	s	NOUN
cjfa-18795	169	46	o	o	X
cjfa-18795	169	47	u	u	NOUN
cjfa-18795	169	48	r	r	NOUN
cjfa-18795	169	49	c	c	NOUN
cjfa-18795	169	50	e	e	NOUN
cjfa-18795	169	51	:	:	PUNCT
cjfa-18795	169	52	author	author	NOUN
cjfa-18795	169	53	’s	’s	PART
cjfa-18795	169	54	calculation	calculation	NOUN
cjfa-18795	169	55	.	.	PUNCT
cjfa-18795	170	1	it	it	PRON
cjfa-18795	170	2	is	be	AUX
cjfa-18795	170	3	seen	see	VERB
cjfa-18795	170	4	from	from	ADP
cjfa-18795	170	5	the	the	DET
cjfa-18795	170	6	table	table	NOUN
cjfa-18795	170	7	7	7	NUM
cjfa-18795	170	8	that	that	SCONJ
cjfa-18795	170	9	those	those	DET
cjfa-18795	170	10	banks	bank	NOUN
cjfa-18795	170	11	’	’	PART
cjfa-18795	170	12	majority	majority	NOUN
cjfa-18795	170	13	shareholders	shareholder	NOUN
cjfa-18795	170	14	who	who	PRON
cjfa-18795	170	15	are	be	AUX
cjfa-18795	170	16	sponsors	sponsor	NOUN
cjfa-18795	170	17	have	have	VERB
cjfa-18795	170	18	higher	high	ADJ
cjfa-18795	170	19	dpr	dpr	NOUN
cjfa-18795	170	20	(	(	PUNCT
cjfa-18795	170	21	26.63	26.63	NUM
cjfa-18795	170	22	%	%	NOUN
cjfa-18795	170	23	)	)	PUNCT
cjfa-18795	170	24	,	,	PUNCT
cjfa-18795	170	25	dps	dps	NOUN
cjfa-18795	170	26	(	(	PUNCT
cjfa-18795	170	27	23.78	23.78	NUM
cjfa-18795	170	28	)	)	PUNCT
cjfa-18795	170	29	,	,	PUNCT
cjfa-18795	170	30	eps	eps	PROPN
cjfa-18795	170	31	(	(	PUNCT
cjfa-18795	170	32	55.39	55.39	NUM
cjfa-18795	170	33	)	)	PUNCT
cjfa-18795	170	34	,	,	PUNCT
cjfa-18795	170	35	dy	dy	X
cjfa-18795	170	36	(	(	PUNCT
cjfa-18795	170	37	2.16	2.16	NUM
cjfa-18795	170	38	)	)	PUNCT
cjfa-18795	170	39	,	,	PUNCT
cjfa-18795	170	40	and	and	CCONJ
cjfa-18795	170	41	mps	mps	PROPN
cjfa-18795	170	42	(	(	PUNCT
cjfa-18795	170	43	772.6	772.6	NUM
cjfa-18795	170	44	)	)	PUNCT
cjfa-18795	170	45	.	.	PUNCT
cjfa-18795	171	1	1.8	1.8	NUM
cjfa-18795	171	2	.	.	PUNCT
cjfa-18795	171	3	dividend	dividend	NOUN
cjfa-18795	171	4	and	and	CCONJ
cjfa-18795	171	5	pe	pe	ADP
cjfa-18795	171	6	table	table	NOUN
cjfa-18795	171	7	8	8	NUM
cjfa-18795	171	8	.	.	PUNCT
cjfa-18795	172	1	pe	pe	VERB
cjfa-18795	172	2	and	and	CCONJ
cjfa-18795	172	3	dividend	dividend	VERB
cjfa-18795	172	4	performance	performance	NOUN
cjfa-18795	172	5	of	of	ADP
cjfa-18795	172	6	different	different	ADJ
cjfa-18795	172	7	banks	bank	NOUN
cjfa-18795	172	8	class	class	PROPN
cjfa-18795	172	9	dpr	dpr	PROPN
cjfa-18795	172	10	dps	dps	PROPN
cjfa-18795	172	11	eps	eps	PROPN
cjfa-18795	172	12	dy	dy	X
cjfa-18795	172	13	mps	mps	PROPN
cjfa-18795	172	14	20	20	NUM
cjfa-18795	172	15	+	+	NUM
cjfa-18795	172	16	4.123	4.123	NUM
cjfa-18795	172	17	19.02	19.02	NUM
cjfa-18795	172	18	26.44	26.44	NUM
cjfa-18795	172	19	1.294	1.294	NUM
cjfa-18795	172	20	444.1	444.1	NUM
cjfa-18795	172	21	15–20	15–20	NUM
cjfa-18795	172	22	26.82	26.82	NUM
cjfa-18795	172	23	25.23	25.23	NUM
cjfa-18795	172	24	67.5	67.5	NUM
cjfa-18795	172	25	1.169	1.169	NUM
cjfa-18795	172	26	3371	3371	NUM
cjfa-18795	172	27	10–15	10–15	NUM
cjfa-18795	172	28	16.21	16.21	NUM
cjfa-18795	172	29	23.3	23.3	NUM
cjfa-18795	172	30	110.5	110.5	NUM
cjfa-18795	172	31	2.04	2.04	NUM
cjfa-18795	172	32	410.8	410.8	NUM
cjfa-18795	172	33	5–10	5–10	ADJ
cjfa-18795	172	34	28.02254	28.02254	NUM
cjfa-18795	172	35	30.25	30.25	NUM
cjfa-18795	172	36	46.78536	46.78536	NUM
cjfa-18795	172	37	4.118571	4.118571	NUM
cjfa-18795	172	38	398.1518	398.1518	NUM
cjfa-18795	172	39	s	s	NOUN
cjfa-18795	172	40	o	o	NOUN
cjfa-18795	172	41	u	u	NOUN
cjfa-18795	172	42	r	r	NOUN
cjfa-18795	172	43	c	c	NOUN
cjfa-18795	172	44	e	e	NOUN
cjfa-18795	172	45	:	:	PUNCT
cjfa-18795	172	46	author	author	NOUN
cjfa-18795	172	47	’s	’s	PART
cjfa-18795	172	48	calculation	calculation	NOUN
cjfa-18795	172	49	.	.	PUNCT
cjfa-18795	173	1	in	in	ADP
cjfa-18795	173	2	the	the	DET
cjfa-18795	173	3	table	table	NOUN
cjfa-18795	173	4	8	8	NUM
cjfa-18795	173	5	,	,	PUNCT
cjfa-18795	173	6	the	the	DET
cjfa-18795	173	7	class	class	NOUN
cjfa-18795	173	8	of	of	ADP
cjfa-18795	173	9	pe	pe	PROPN
cjfa-18795	173	10	ratio	ratio	NOUN
cjfa-18795	173	11	between	between	ADP
cjfa-18795	173	12	‘	'	PUNCT
cjfa-18795	173	13	5–10	5–10	ADJ
cjfa-18795	173	14	’	'	PUNCT
cjfa-18795	173	15	is	be	AUX
cjfa-18795	173	16	the	the	DET
cjfa-18795	173	17	best	good	ADJ
cjfa-18795	173	18	class	class	NOUN
cjfa-18795	173	19	in	in	ADP
cjfa-18795	173	20	respect	respect	NOUN
cjfa-18795	173	21	of	of	ADP
cjfa-18795	173	22	dividend	dividend	NOUN
cjfa-18795	173	23	related	relate	VERB
cjfa-18795	173	24	variables	variable	NOUN
cjfa-18795	173	25	(	(	PUNCT
cjfa-18795	173	26	dpr	dpr	NOUN
cjfa-18795	173	27	:	:	PUNCT
cjfa-18795	173	28	28.02	28.02	NUM
cjfa-18795	173	29	,	,	PUNCT
cjfa-18795	173	30	dps	dps	NOUN
cjfa-18795	173	31	:	:	PUNCT
cjfa-18795	173	32	30.25	30.25	NUM
cjfa-18795	173	33	,	,	PUNCT
cjfa-18795	173	34	dy	dy	X
cjfa-18795	173	35	:	:	PUNCT
cjfa-18795	173	36	4.11	4.11	NUM
cjfa-18795	173	37	)	)	PUNCT
cjfa-18795	173	38	.	.	PUNCT
cjfa-18795	174	1	the	the	DET
cjfa-18795	174	2	extremely	extremely	ADV
cjfa-18795	174	3	higher	high	ADJ
cjfa-18795	174	4	class	class	NOUN
cjfa-18795	174	5	(	(	PUNCT
cjfa-18795	174	6	20	20	NUM
cjfa-18795	174	7	+	+	PUNCT
cjfa-18795	174	8	)	)	PUNCT
cjfa-18795	174	9	indicates	indicate	VERB
cjfa-18795	174	10	the	the	DET
cjfa-18795	174	11	worst	bad	ADJ
cjfa-18795	174	12	position	position	NOUN
cjfa-18795	174	13	of	of	ADP
cjfa-18795	174	14	dividend	dividend	NOUN
cjfa-18795	174	15	related	relate	VERB
cjfa-18795	174	16	performance	performance	NOUN
cjfa-18795	174	17	(	(	PUNCT
cjfa-18795	174	18	dpr	dpr	NOUN
cjfa-18795	174	19	:	:	PUNCT
cjfa-18795	174	20	4.12	4.12	NUM
cjfa-18795	174	21	,	,	PUNCT
cjfa-18795	174	22	dps	dps	NOUN
cjfa-18795	174	23	:	:	PUNCT
cjfa-18795	174	24	19.02	19.02	NUM
cjfa-18795	174	25	,	,	PUNCT
cjfa-18795	174	26	dy	dy	X
cjfa-18795	174	27	:	:	PUNCT
cjfa-18795	174	28	1.29	1.29	NUM
cjfa-18795	174	29	)	)	PUNCT
cjfa-18795	174	30	.	.	PUNCT
cjfa-18795	175	1	dividend	dividend	NOUN
cjfa-18795	175	2	practices	practice	NOUN
cjfa-18795	175	3	in	in	ADP
cjfa-18795	175	4	listed	list	VERB
cjfa-18795	175	5	banks	bank	NOUN
cjfa-18795	175	6	of	of	ADP
cjfa-18795	175	7	bangladesh	bangladesh	PROPN
cjfa-18795	175	8	55	55	NUM
cjfa-18795	175	9	1.9	1.9	NUM
cjfa-18795	175	10	.	.	PUNCT
cjfa-18795	176	1	dividend	dividend	NOUN
cjfa-18795	176	2	and	and	CCONJ
cjfa-18795	176	3	its	its	PRON
cjfa-18795	176	4	payment	payment	NOUN
cjfa-18795	176	5	trend	trend	NOUN
cjfa-18795	176	6	table	table	NOUN
cjfa-18795	176	7	9	9	NUM
cjfa-18795	176	8	.	.	X
cjfa-18795	176	9	dividend	dividend	NOUN
cjfa-18795	176	10	and	and	CCONJ
cjfa-18795	176	11	its	its	PRON
cjfa-18795	176	12	payment	payment	NOUN
cjfa-18795	176	13	trend	trend	NOUN
cjfa-18795	176	14	pattern	pattern	NOUN
cjfa-18795	176	15	dpr	dpr	PROPN
cjfa-18795	176	16	dps	dps	PROPN
cjfa-18795	176	17	eps	eps	PROPN
cjfa-18795	176	18	dy	dy	PROPN
cjfa-18795	176	19	mps	mps	PROPN
cjfa-18795	176	20	regular	regular	ADJ
cjfa-18795	176	21	18.52919	18.52919	NUM
cjfa-18795	176	22	23.87359	23.87359	NUM
cjfa-18795	176	23	81.49525	81.49525	NUM
cjfa-18795	176	24	1.889658	1.889658	NUM
cjfa-18795	176	25	1221.601	1221.601	NUM
cjfa-18795	176	26	s	s	PART
cjfa-18795	176	27	o	o	NOUN
cjfa-18795	176	28	u	u	NOUN
cjfa-18795	176	29	r	r	NOUN
cjfa-18795	176	30	c	c	NOUN
cjfa-18795	176	31	e	e	NOUN
cjfa-18795	176	32	:	:	PUNCT
cjfa-18795	176	33	author	author	NOUN
cjfa-18795	176	34	’s	’s	PART
cjfa-18795	176	35	calculation	calculation	NOUN
cjfa-18795	176	36	.	.	PUNCT
cjfa-18795	177	1	it	it	PRON
cjfa-18795	177	2	is	be	AUX
cjfa-18795	177	3	found	find	VERB
cjfa-18795	177	4	that	that	SCONJ
cjfa-18795	177	5	the	the	DET
cjfa-18795	177	6	majority	majority	NOUN
cjfa-18795	177	7	banks	bank	NOUN
cjfa-18795	177	8	pay	pay	VERB
cjfa-18795	177	9	the	the	DET
cjfa-18795	177	10	dividend	dividend	NOUN
cjfa-18795	177	11	regularly	regularly	ADV
cjfa-18795	177	12	.	.	PUNCT
cjfa-18795	178	1	the	the	DET
cjfa-18795	178	2	dpr	dpr	PROPN
cjfa-18795	178	3	of	of	ADP
cjfa-18795	178	4	banking	banking	NOUN
cjfa-18795	178	5	sector	sector	NOUN
cjfa-18795	178	6	is	be	AUX
cjfa-18795	178	7	lower	low	ADJ
cjfa-18795	178	8	comparison	comparison	NOUN
cjfa-18795	178	9	to	to	ADP
cjfa-18795	178	10	other	other	ADJ
cjfa-18795	178	11	sectors	sector	NOUN
cjfa-18795	178	12	.	.	PUNCT
cjfa-18795	179	1	2	2	X
cjfa-18795	179	2	.	.	X
cjfa-18795	179	3	dividend	dividend	NOUN
cjfa-18795	179	4	practices	practice	NOUN
cjfa-18795	179	5	:	:	PUNCT
cjfa-18795	179	6	survey	survey	NOUN
cjfa-18795	179	7	on	on	ADP
cjfa-18795	179	8	banking	banking	NOUN
cjfa-18795	179	9	sector	sector	NOUN
cjfa-18795	179	10	table	table	NOUN
cjfa-18795	179	11	10	10	NUM
cjfa-18795	179	12	.	.	PUNCT
cjfa-18795	180	1	survey	survey	NOUN
cjfa-18795	180	2	results	result	NOUN
cjfa-18795	180	3	of	of	ADP
cjfa-18795	180	4	dividend	dividend	NOUN
cjfa-18795	180	5	practices	practice	NOUN
cjfa-18795	180	6	shareholders	shareholder	NOUN
cjfa-18795	180	7	’	'	PUNCT
cjfa-18795	180	8	preference	preference	NOUN
cjfa-18795	180	9	for	for	ADP
cjfa-18795	180	10	forms	form	NOUN
cjfa-18795	180	11	of	of	ADP
cjfa-18795	180	12	dividend	dividend	NOUN
cjfa-18795	180	13	issues	issue	NOUN
cjfa-18795	180	14	percentage	percentage	NOUN
cjfa-18795	180	15	of	of	ADP
cjfa-18795	180	16	preference	preference	NOUN
cjfa-18795	180	17	cash	cash	NOUN
cjfa-18795	180	18	dividend	dividend	NOUN
cjfa-18795	180	19	45.45	45.45	NUM
cjfa-18795	180	20	stock	stock	NOUN
cjfa-18795	180	21	dividend	dividend	NOUN
cjfa-18795	180	22	54.55	54.55	NUM
cjfa-18795	180	23	right	right	ADJ
cjfa-18795	180	24	issue	issue	NOUN
cjfa-18795	180	25	0.00	0.00	NUM
cjfa-18795	180	26	stock	stock	NOUN
cjfa-18795	180	27	repurchase	repurchase	VERB
cjfa-18795	180	28	0.00	0.00	NUM
cjfa-18795	180	29	companies	company	NOUN
cjfa-18795	180	30	’	'	PUNCT
cjfa-18795	180	31	preference	preference	NOUN
cjfa-18795	180	32	for	for	ADP
cjfa-18795	180	33	forms	form	NOUN
cjfa-18795	180	34	of	of	ADP
cjfa-18795	180	35	dividend	dividend	NOUN
cjfa-18795	180	36	cash	cash	NOUN
cjfa-18795	180	37	dividend	dividend	NOUN
cjfa-18795	180	38	5.52	5.52	NUM
cjfa-18795	180	39	stock	stock	NOUN
cjfa-18795	180	40	dividend	dividend	NOUN
cjfa-18795	180	41	22.73	22.73	NUM
cjfa-18795	180	42	cash	cash	NOUN
cjfa-18795	180	43	and	and	CCONJ
cjfa-18795	180	44	stock	stock	NOUN
cjfa-18795	180	45	67.21	67.21	NUM
cjfa-18795	180	46	stock	stock	NOUN
cjfa-18795	180	47	repurchase	repurchase	VERB
cjfa-18795	180	48	0.00	0.00	NUM
cjfa-18795	180	49	no	no	DET
cjfa-18795	180	50	preference	preference	NOUN
cjfa-18795	180	51	4.54	4.54	NUM
cjfa-18795	180	52	reason	reason	NOUN
cjfa-18795	180	53	for	for	ADP
cjfa-18795	180	54	companies	company	NOUN
cjfa-18795	180	55	’	'	PUNCT
cjfa-18795	180	56	preference	preference	NOUN
cjfa-18795	180	57	in	in	ADP
cjfa-18795	180	58	choosing	choose	VERB
cjfa-18795	180	59	form	form	NOUN
cjfa-18795	180	60	of	of	ADP
cjfa-18795	180	61	dividend	dividend	NOUN
cjfa-18795	180	62	easy	easy	ADJ
cjfa-18795	180	63	to	to	PART
cjfa-18795	180	64	implement	implement	VERB
cjfa-18795	180	65	4.54	4.54	NUM
cjfa-18795	180	66	more	more	ADV
cjfa-18795	180	67	flexible	flexible	ADJ
cjfa-18795	180	68	9.09	9.09	NUM
cjfa-18795	180	69	maintaining	maintain	VERB
cjfa-18795	180	70	consistency	consistency	NOUN
cjfa-18795	180	71	45.50	45.50	NUM
cjfa-18795	180	72	majority	majority	NOUN
cjfa-18795	180	73	shareholders	shareholder	NOUN
cjfa-18795	180	74	’	'	PUNCT
cjfa-18795	180	75	expectation	expectation	NOUN
cjfa-18795	180	76	27.30	27.30	NUM
cjfa-18795	180	77	other	other	ADJ
cjfa-18795	180	78	13.60	13.60	NUM
cjfa-18795	180	79	mohammad	mohammad	PROPN
cjfa-18795	180	80	shahidul	shahidul	PROPN
cjfa-18795	180	81	islam56	islam56	PROPN
cjfa-18795	180	82	dividend	dividend	NOUN
cjfa-18795	180	83	payment	payment	NOUN
cjfa-18795	180	84	patterns	pattern	NOUN
cjfa-18795	180	85	regular	regular	ADJ
cjfa-18795	180	86	81.8	81.8	NUM
cjfa-18795	180	87	irregular	irregular	ADJ
cjfa-18795	180	88	13.6	13.6	NUM
cjfa-18795	180	89	no	no	DET
cjfa-18795	180	90	dividend	dividend	NOUN
cjfa-18795	180	91	payment	payment	NOUN
cjfa-18795	180	92	4.55	4.55	NUM
cjfa-18795	180	93	dividend	dividend	NOUN
cjfa-18795	180	94	payment	payment	NOUN
cjfa-18795	180	95	policies	policy	NOUN
cjfa-18795	180	96	stable	stable	ADJ
cjfa-18795	180	97	payout	payout	NOUN
cjfa-18795	180	98	ratio	ratio	NOUN
cjfa-18795	180	99	54.5	54.5	NUM
cjfa-18795	181	1	constant	constant	ADJ
cjfa-18795	181	2	dps	dps	NOUN
cjfa-18795	181	3	18.18	18.18	NUM
cjfa-18795	181	4	regular	regular	ADJ
cjfa-18795	181	5	plus	plus	CCONJ
cjfa-18795	181	6	extra	extra	ADJ
cjfa-18795	181	7	dividend	dividend	NOUN
cjfa-18795	181	8	4.55	4.55	NUM
cjfa-18795	181	9	residual	residual	ADJ
cjfa-18795	181	10	dividend	dividend	NOUN
cjfa-18795	181	11	policy	policy	NOUN
cjfa-18795	181	12	22.7	22.7	NUM
cjfa-18795	181	13	dividend	dividend	NOUN
cjfa-18795	181	14	payment	payment	NOUN
cjfa-18795	181	15	trend	trend	NOUN
cjfa-18795	181	16	increasing	increase	VERB
cjfa-18795	181	17	trend	trend	NOUN
cjfa-18795	181	18	50.00	50.00	NUM
cjfa-18795	181	19	decreasing	decrease	VERB
cjfa-18795	181	20	trend	trend	NOUN
cjfa-18795	181	21	13.6	13.6	NUM
cjfa-18795	181	22	unchanged	unchanged	ADJ
cjfa-18795	181	23	36.4	36.4	NUM
cjfa-18795	181	24	manager	manager	NOUN
cjfa-18795	181	25	’s	’s	PART
cjfa-18795	181	26	target	target	NOUN
cjfa-18795	181	27	for	for	ADP
cjfa-18795	181	28	dividend	dividend	NOUN
cjfa-18795	181	29	decision	decision	NOUN
cjfa-18795	181	30	amount	amount	NOUN
cjfa-18795	181	31	of	of	ADP
cjfa-18795	181	32	dividend	dividend	NOUN
cjfa-18795	181	33	13.6	13.6	NUM
cjfa-18795	181	34	growth	growth	NOUN
cjfa-18795	181	35	in	in	ADP
cjfa-18795	181	36	dividend	dividend	NOUN
cjfa-18795	181	37	22.73	22.73	NUM
cjfa-18795	181	38	dividend	dividend	NOUN
cjfa-18795	181	39	yield	yield	NOUN
cjfa-18795	181	40	22.73	22.73	NUM
cjfa-18795	181	41	dividend	dividend	NOUN
cjfa-18795	181	42	payout	payout	NOUN
cjfa-18795	181	43	ratio	ratio	NOUN
cjfa-18795	181	44	22.73	22.73	NUM
cjfa-18795	181	45	no	no	DET
cjfa-18795	181	46	target	target	NOUN
cjfa-18795	181	47	at	at	ADP
cjfa-18795	181	48	all	all	DET
cjfa-18795	181	49	18.2	18.2	NUM
cjfa-18795	181	50	research	research	NOUN
cjfa-18795	181	51	for	for	ADP
cjfa-18795	181	52	dividend	dividend	NOUN
cjfa-18795	181	53	preference	preference	NOUN
cjfa-18795	182	1	yes	yes	INTJ
cjfa-18795	182	2	22.73	22.73	NUM
cjfa-18795	183	1	no	no	DET
cjfa-18795	183	2	77.3	77.3	NUM
cjfa-18795	183	3	s	s	NOUN
cjfa-18795	183	4	o	o	NOUN
cjfa-18795	183	5	u	u	NOUN
cjfa-18795	183	6	r	r	NOUN
cjfa-18795	183	7	c	c	NOUN
cjfa-18795	183	8	e	e	NOUN
cjfa-18795	183	9	:	:	PUNCT
cjfa-18795	183	10	author	author	NOUN
cjfa-18795	183	11	’s	’s	PART
cjfa-18795	183	12	calculation	calculation	NOUN
cjfa-18795	183	13	.	.	PUNCT
cjfa-18795	184	1	from	from	ADP
cjfa-18795	184	2	the	the	DET
cjfa-18795	184	3	above	above	ADJ
cjfa-18795	184	4	table	table	NOUN
cjfa-18795	184	5	10	10	NUM
cjfa-18795	184	6	,	,	PUNCT
cjfa-18795	184	7	the	the	DET
cjfa-18795	184	8	managers	manager	NOUN
cjfa-18795	184	9	think	think	VERB
cjfa-18795	184	10	that	that	SCONJ
cjfa-18795	184	11	the	the	DET
cjfa-18795	184	12	maximum	maximum	ADJ
cjfa-18795	184	13	shareholders	shareholder	NOUN
cjfa-18795	184	14	prefer	prefer	VERB
cjfa-18795	184	15	stock	stock	NOUN
cjfa-18795	184	16	dividend	dividend	NOUN
cjfa-18795	184	17	(	(	PUNCT
cjfa-18795	184	18	54.55	54.55	NUM
cjfa-18795	184	19	%	%	NOUN
cjfa-18795	184	20	)	)	PUNCT
cjfa-18795	184	21	.	.	PUNCT
cjfa-18795	185	1	the	the	DET
cjfa-18795	185	2	45.45	45.45	NUM
cjfa-18795	185	3	percent	percent	NOUN
cjfa-18795	185	4	shareholders	shareholder	NOUN
cjfa-18795	185	5	expect	expect	VERB
cjfa-18795	185	6	cash	cash	NOUN
cjfa-18795	185	7	dividend	dividend	NOUN
cjfa-18795	185	8	.	.	PUNCT
cjfa-18795	186	1	the	the	DET
cjfa-18795	186	2	companies	company	NOUN
cjfa-18795	186	3	prefer	prefer	VERB
cjfa-18795	186	4	‘	'	PUNCT
cjfa-18795	186	5	cash	cash	NOUN
cjfa-18795	186	6	and	and	CCONJ
cjfa-18795	186	7	stock	stock	NOUN
cjfa-18795	186	8	’	'	PUNCT
cjfa-18795	186	9	dividend	dividend	NOUN
cjfa-18795	186	10	to	to	PART
cjfa-18795	186	11	distribute	distribute	VERB
cjfa-18795	186	12	among	among	ADP
cjfa-18795	186	13	the	the	DET
cjfa-18795	186	14	shareholders	shareholder	NOUN
cjfa-18795	186	15	.	.	PUNCT
cjfa-18795	187	1	the	the	DET
cjfa-18795	187	2	67.20	67.20	NUM
cjfa-18795	187	3	percent	percent	NOUN
cjfa-18795	187	4	companies	company	NOUN
cjfa-18795	187	5	prefer	prefer	VERB
cjfa-18795	187	6	to	to	PART
cjfa-18795	187	7	pay	pay	VERB
cjfa-18795	187	8	both	both	DET
cjfa-18795	187	9	‘	'	PUNCT
cjfa-18795	187	10	cash	cash	NOUN
cjfa-18795	187	11	and	and	CCONJ
cjfa-18795	187	12	stock	stock	NOUN
cjfa-18795	187	13	’	'	PUNCT
cjfa-18795	187	14	dividend	dividend	NOUN
cjfa-18795	187	15	but	but	CCONJ
cjfa-18795	187	16	5.52	5.52	NUM
cjfa-18795	187	17	percent	percent	NOUN
cjfa-18795	187	18	companies	company	NOUN
cjfa-18795	187	19	prefer	prefer	VERB
cjfa-18795	187	20	only	only	ADV
cjfa-18795	187	21	cash	cash	NOUN
cjfa-18795	187	22	dividend	dividend	NOUN
cjfa-18795	187	23	.	.	PUNCT
cjfa-18795	188	1	the	the	DET
cjfa-18795	188	2	22.73	22.73	NUM
cjfa-18795	188	3	percent	percent	NOUN
cjfa-18795	188	4	companies	company	NOUN
cjfa-18795	188	5	prefer	prefer	VERB
cjfa-18795	188	6	stock	stock	NOUN
cjfa-18795	188	7	dividend	dividend	NOUN
cjfa-18795	188	8	.	.	PUNCT
cjfa-18795	189	1	the	the	DET
cjfa-18795	189	2	companies	company	NOUN
cjfa-18795	189	3	prefer	prefer	VERB
cjfa-18795	189	4	earlier	early	ADJ
cjfa-18795	189	5	form	form	NOUN
cjfa-18795	189	6	of	of	ADP
cjfa-18795	189	7	dividend	dividend	NOUN
cjfa-18795	189	8	payment	payment	NOUN
cjfa-18795	189	9	because	because	SCONJ
cjfa-18795	189	10	of	of	ADP
cjfa-18795	189	11	majority	majority	NOUN
cjfa-18795	189	12	shareholders	shareholder	NOUN
cjfa-18795	189	13	’	'	PUNCT
cjfa-18795	189	14	expectation	expectation	NOUN
cjfa-18795	189	15	(	(	PUNCT
cjfa-18795	189	16	27.3	27.3	NUM
cjfa-18795	189	17	%	%	NOUN
cjfa-18795	189	18	)	)	PUNCT
cjfa-18795	189	19	.	.	PUNCT
cjfa-18795	190	1	other	other	ADJ
cjfa-18795	190	2	reasons	reason	NOUN
cjfa-18795	190	3	for	for	ADP
cjfa-18795	190	4	choosing	choose	VERB
cjfa-18795	190	5	the	the	DET
cjfa-18795	190	6	form	form	NOUN
cjfa-18795	190	7	of	of	ADP
cjfa-18795	190	8	dividend	dividend	NOUN
cjfa-18795	190	9	is	be	AUX
cjfa-18795	190	10	maintain	maintain	VERB
cjfa-18795	190	11	consistency	consistency	NOUN
cjfa-18795	190	12	(	(	PUNCT
cjfa-18795	190	13	45.5	45.5	NUM
cjfa-18795	190	14	%	%	NOUN
cjfa-18795	190	15	)	)	PUNCT
cjfa-18795	190	16	.	.	PUNCT
cjfa-18795	191	1	the	the	DET
cjfa-18795	191	2	maximum	maximum	ADJ
cjfa-18795	191	3	companies	company	NOUN
cjfa-18795	191	4	pay	pay	VERB
cjfa-18795	191	5	the	the	DET
cjfa-18795	191	6	dividend	dividend	NOUN
cjfa-18795	191	7	regularly	regularly	ADV
cjfa-18795	191	8	(	(	PUNCT
cjfa-18795	191	9	81.8	81.8	NUM
cjfa-18795	191	10	%	%	NOUN
cjfa-18795	191	11	)	)	PUNCT
cjfa-18795	191	12	and	and	CCONJ
cjfa-18795	191	13	13.6	13.6	NUM
cjfa-18795	191	14	%	%	NOUN
cjfa-18795	191	15	company	company	NOUN
cjfa-18795	191	16	pay	pay	VERB
cjfa-18795	191	17	the	the	DET
cjfa-18795	191	18	dividend	dividend	NOUN
cjfa-18795	191	19	irregularly	irregularly	ADV
cjfa-18795	191	20	.	.	PUNCT
cjfa-18795	192	1	but	but	CCONJ
cjfa-18795	192	2	only	only	ADV
cjfa-18795	192	3	4.55	4.55	NUM
cjfa-18795	192	4	percent	percent	NOUN
cjfa-18795	192	5	companies	company	NOUN
cjfa-18795	192	6	did	do	AUX
cjfa-18795	192	7	not	not	PART
cjfa-18795	192	8	pay	pay	VERB
cjfa-18795	192	9	the	the	DET
cjfa-18795	192	10	dividend	dividend	NOUN
cjfa-18795	192	11	at	at	ADV
cjfa-18795	192	12	all	all	ADV
cjfa-18795	192	13	.	.	PUNCT
cjfa-18795	193	1	the	the	DET
cjfa-18795	193	2	54.50	54.50	NUM
cjfa-18795	193	3	percent	percent	NOUN
cjfa-18795	193	4	companies	company	NOUN
cjfa-18795	193	5	take	take	VERB
cjfa-18795	193	6	the	the	DET
cjfa-18795	193	7	stable	stable	ADJ
cjfa-18795	193	8	dividend	dividend	NOUN
cjfa-18795	193	9	payout	payout	NOUN
cjfa-18795	193	10	policy	policy	NOUN
cjfa-18795	193	11	.	.	PUNCT
cjfa-18795	194	1	the	the	DET
cjfa-18795	194	2	companies	company	NOUN
cjfa-18795	194	3	’	'	PUNCT
cjfa-18795	194	4	other	other	ADJ
cjfa-18795	194	5	policies	policy	NOUN
cjfa-18795	194	6	are	be	AUX
cjfa-18795	194	7	constant	constant	ADJ
cjfa-18795	194	8	dividend	dividend	NOUN
cjfa-18795	194	9	per	per	ADP
cjfa-18795	194	10	share	share	NOUN
cjfa-18795	194	11	table	table	NOUN
cjfa-18795	194	12	10	10	NUM
cjfa-18795	194	13	.	.	PUNCT
cjfa-18795	195	1	survey	survey	NOUN
cjfa-18795	195	2	results	result	NOUN
cjfa-18795	195	3	of	of	ADP
cjfa-18795	195	4	dividend	dividend	NOUN
cjfa-18795	195	5	practices	practice	NOUN
cjfa-18795	195	6	dividend	dividend	NOUN
cjfa-18795	195	7	practices	practice	NOUN
cjfa-18795	195	8	in	in	ADP
cjfa-18795	195	9	listed	list	VERB
cjfa-18795	195	10	banks	bank	NOUN
cjfa-18795	195	11	of	of	ADP
cjfa-18795	195	12	bangladesh	bangladesh	PROPN
cjfa-18795	195	13	57	57	NUM
cjfa-18795	195	14	(	(	PUNCT
cjfa-18795	195	15	18.18	18.18	NUM
cjfa-18795	195	16	%	%	NOUN
cjfa-18795	195	17	)	)	PUNCT
cjfa-18795	195	18	,	,	PUNCT
cjfa-18795	195	19	regular	regular	ADJ
cjfa-18795	195	20	plus	plus	CCONJ
cjfa-18795	195	21	extra	extra	ADJ
cjfa-18795	195	22	dividend	dividend	NOUN
cjfa-18795	195	23	(	(	PUNCT
cjfa-18795	195	24	4.55	4.55	NUM
cjfa-18795	195	25	%	%	NOUN
cjfa-18795	195	26	)	)	PUNCT
cjfa-18795	195	27	,	,	PUNCT
cjfa-18795	195	28	and	and	CCONJ
cjfa-18795	195	29	residual	residual	ADJ
cjfa-18795	195	30	dividend	dividend	NOUN
cjfa-18795	195	31	policy	policy	NOUN
cjfa-18795	195	32	(	(	PUNCT
cjfa-18795	195	33	22.7	22.7	NUM
cjfa-18795	195	34	%	%	NOUN
cjfa-18795	195	35	)	)	PUNCT
cjfa-18795	195	36	.	.	PUNCT
cjfa-18795	196	1	the	the	DET
cjfa-18795	196	2	dividend	dividend	NOUN
cjfa-18795	196	3	increasing	increase	VERB
cjfa-18795	196	4	trend	trend	NOUN
cjfa-18795	196	5	,	,	PUNCT
cjfa-18795	196	6	decreasing	decrease	VERB
cjfa-18795	196	7	trend	trend	NOUN
cjfa-18795	196	8	,	,	PUNCT
cjfa-18795	196	9	unchanged	unchanged	ADJ
cjfa-18795	196	10	trend	trend	NOUN
cjfa-18795	196	11	are	be	AUX
cjfa-18795	196	12	50	50	NUM
cjfa-18795	196	13	%	%	NOUN
cjfa-18795	196	14	,	,	PUNCT
cjfa-18795	196	15	13.6	13.6	NUM
cjfa-18795	196	16	%	%	NOUN
cjfa-18795	196	17	,	,	PUNCT
cjfa-18795	196	18	36.4	36.4	NUM
cjfa-18795	196	19	%	%	NOUN
cjfa-18795	196	20	companies	company	NOUN
cjfa-18795	196	21	respectively	respectively	ADV
cjfa-18795	196	22	.	.	PUNCT
cjfa-18795	197	1	the	the	DET
cjfa-18795	197	2	most	most	ADJ
cjfa-18795	197	3	of	of	ADP
cjfa-18795	197	4	the	the	DET
cjfa-18795	197	5	companies	company	NOUN
cjfa-18795	197	6	target	target	VERB
cjfa-18795	197	7	the	the	DET
cjfa-18795	197	8	growth	growth	NOUN
cjfa-18795	197	9	in	in	ADP
cjfa-18795	197	10	dividend	dividend	NOUN
cjfa-18795	197	11	(	(	PUNCT
cjfa-18795	197	12	22.73	22.73	NUM
cjfa-18795	197	13	%	%	NOUN
cjfa-18795	197	14	)	)	PUNCT
cjfa-18795	197	15	and	and	CCONJ
cjfa-18795	197	16	dividend	dividend	VERB
cjfa-18795	197	17	payout	payout	NOUN
cjfa-18795	197	18	ratio	ratio	NOUN
cjfa-18795	197	19	(	(	PUNCT
cjfa-18795	197	20	22.73	22.73	NUM
cjfa-18795	197	21	%	%	NOUN
cjfa-18795	197	22	)	)	PUNCT
cjfa-18795	197	23	and	and	CCONJ
cjfa-18795	197	24	remarkable	remarkable	ADJ
cjfa-18795	197	25	number	number	NOUN
cjfa-18795	197	26	of	of	ADP
cjfa-18795	197	27	companies	company	NOUN
cjfa-18795	197	28	has	have	VERB
cjfa-18795	197	29	no	no	DET
cjfa-18795	197	30	target	target	NOUN
cjfa-18795	197	31	at	at	ADP
cjfa-18795	197	32	all	all	ADV
cjfa-18795	197	33	(	(	PUNCT
cjfa-18795	197	34	18.2	18.2	NUM
cjfa-18795	197	35	%	%	NOUN
cjfa-18795	197	36	)	)	PUNCT
cjfa-18795	197	37	.	.	PUNCT
cjfa-18795	198	1	only	only	ADV
cjfa-18795	198	2	22.73	22.73	NUM
cjfa-18795	198	3	%	%	NOUN
cjfa-18795	198	4	companies	company	NOUN
cjfa-18795	198	5	’	'	PUNCT
cjfa-18795	198	6	conduct	conduct	VERB
cjfa-18795	198	7	research	research	NOUN
cjfa-18795	198	8	on	on	ADP
cjfa-18795	198	9	the	the	DET
cjfa-18795	198	10	dividend	dividend	NOUN
cjfa-18795	198	11	preference	preference	NOUN
cjfa-18795	198	12	of	of	ADP
cjfa-18795	198	13	the	the	DET
cjfa-18795	198	14	shareholders	shareholder	NOUN
cjfa-18795	198	15	and	and	CCONJ
cjfa-18795	198	16	77.3	77.3	NUM
cjfa-18795	198	17	percent	percent	NOUN
cjfa-18795	198	18	companies	company	NOUN
cjfa-18795	198	19	do	do	AUX
cjfa-18795	198	20	n’t	not	PART
cjfa-18795	198	21	conduct	conduct	VERB
cjfa-18795	198	22	any	any	DET
cjfa-18795	198	23	research	research	NOUN
cjfa-18795	198	24	on	on	ADP
cjfa-18795	198	25	shareholders	shareholder	NOUN
cjfa-18795	198	26	’	'	PUNCT
cjfa-18795	198	27	preference	preference	NOUN
cjfa-18795	198	28	.	.	PUNCT
cjfa-18795	199	1	3	3	X
cjfa-18795	199	2	.	.	X
cjfa-18795	199	3	company	company	NOUN
cjfa-18795	199	4	’s	’s	PART
cjfa-18795	199	5	views	view	NOUN
cjfa-18795	199	6	about	about	ADP
cjfa-18795	199	7	the	the	DET
cjfa-18795	199	8	dividend	dividend	NOUN
cjfa-18795	199	9	policies	policy	NOUN
cjfa-18795	199	10	of	of	ADP
cjfa-18795	199	11	banking	banking	NOUN
cjfa-18795	199	12	sector	sector	NOUN
cjfa-18795	199	13	table	table	NOUN
cjfa-18795	199	14	11	11	NUM
cjfa-18795	199	15	.	.	PUNCT
cjfa-18795	200	1	company	company	NOUN
cjfa-18795	200	2	’s	’s	PART
cjfa-18795	200	3	view	view	NOUN
cjfa-18795	200	4	on	on	ADP
cjfa-18795	200	5	the	the	DET
cjfa-18795	200	6	dividend	dividend	NOUN
cjfa-18795	200	7	policies	policy	NOUN
cjfa-18795	200	8	n	n	AUX
cjfa-18795	200	9	um	um	INTJ
cjfa-18795	200	10	be	be	AUX
cjfa-18795	200	11	r	r	NOUN
cjfa-18795	200	12	statements	statement	NOUN
cjfa-18795	200	13	level	level	NOUN
cjfa-18795	200	14	of	of	ADP
cjfa-18795	200	15	agreement	agreement	NOUN
cjfa-18795	200	16	(	(	PUNCT
cjfa-18795	200	17	%	%	INTJ
cjfa-18795	200	18	)	)	PUNCT
cjfa-18795	200	19	mean	mean	INTJ
cjfa-18795	200	20	rank	rank	PROPN
cjfa-18795	200	21	t	t	PROPN
cjfa-18795	200	22	-	-	PUNCT
cjfa-18795	200	23	test	test	NOUN
cjfa-18795	200	24	sig	sig	NOUN
cjfa-18795	200	25	.	.	PUNCT
cjfa-18795	201	1	(	(	PUNCT
cjfa-18795	201	2	2	2	NUM
cjfa-18795	201	3	-	-	PUNCT
cjfa-18795	201	4	tailed	tailed	ADJ
cjfa-18795	201	5	)	)	PUNCT
cjfa-18795	201	6	chi	chi	PROPN
cjfa-18795	201	7	square	square	ADJ
cjfa-18795	201	8	value	value	NOUN
cjfa-18795	201	9	asymp	asymp	NOUN
cjfa-18795	201	10	.	.	PUNCT
cjfa-18795	202	1	sig	sig	PROPN
cjfa-18795	202	2	.	.	PUNCT
cjfa-18795	203	1	strongly	strongly	ADV
cjfa-18795	203	2	agree	agree	VERB
cjfa-18795	203	3	agree	agree	VERB
cjfa-18795	203	4	indifferent	indifferent	ADJ
cjfa-18795	203	5	disagree	disagree	VERB
cjfa-18795	203	6	strongly	strongly	ADV
cjfa-18795	203	7	disagree	disagree	VERB
cjfa-18795	203	8	1	1	NUM
cjfa-18795	203	9	we	we	PRON
cjfa-18795	203	10	try	try	VERB
cjfa-18795	203	11	to	to	PART
cjfa-18795	203	12	avoid	avoid	VERB
cjfa-18795	203	13	reducing	reduce	VERB
cjfa-18795	203	14	dividends	dividend	NOUN
cjfa-18795	203	15	per	per	ADP
cjfa-18795	203	16	share	share	NOUN
cjfa-18795	203	17	,	,	PUNCT
cjfa-18795	203	18	because	because	SCONJ
cjfa-18795	203	19	there	there	PRON
cjfa-18795	203	20	are	be	VERB
cjfa-18795	203	21	negative	negative	ADJ
cjfa-18795	203	22	consequences	consequence	NOUN
cjfa-18795	203	23	of	of	ADP
cjfa-18795	203	24	reducing	reduce	VERB
cjfa-18795	203	25	dividends	dividend	NOUN
cjfa-18795	203	26	31.82	31.82	NUM
cjfa-18795	203	27	31.82	31.82	NUM
cjfa-18795	203	28	13.64	13.64	NUM
cjfa-18795	203	29	9.09	9.09	NUM
cjfa-18795	203	30	13.64	13.64	NUM
cjfa-18795	203	31	.590	.590	NUM
cjfa-18795	203	32	5	5	NUM
cjfa-18795	203	33	1.97	1.97	NUM
cjfa-18795	203	34	.061	.061	NUM
cjfa-18795	203	35	5.27	5.27	NUM
cjfa-18795	203	36	.26	.26	NUM
cjfa-18795	203	37	2	2	NUM
cjfa-18795	203	38	rather	rather	ADV
cjfa-18795	203	39	than	than	ADP
cjfa-18795	203	40	reducing	reduce	VERB
cjfa-18795	203	41	dividends	dividend	NOUN
cjfa-18795	203	42	,	,	PUNCT
cjfa-18795	203	43	we	we	PRON
cjfa-18795	203	44	raise	raise	VERB
cjfa-18795	203	45	new	new	ADJ
cjfa-18795	203	46	funds	fund	NOUN
cjfa-18795	203	47	to	to	PART
cjfa-18795	203	48	undertake	undertake	VERB
cjfa-18795	203	49	a	a	DET
cjfa-18795	203	50	profitable	profitable	ADJ
cjfa-18795	203	51	project	project	NOUN
cjfa-18795	203	52	4.54	4.54	NUM
cjfa-18795	203	53	31.82	31.82	NUM
cjfa-18795	203	54	22.73	22.73	NUM
cjfa-18795	203	55	22.73	22.73	NUM
cjfa-18795	203	56	18.18	18.18	NUM
cjfa-18795	203	57	-.181	-.181	NOUN
cjfa-18795	203	58	7	7	NUM
cjfa-18795	203	59	-.69	-.69	SYM
cjfa-18795	203	60	.492	.492	NUM
cjfa-18795	203	61	4.36	4.36	NUM
cjfa-18795	203	62	.35	.35	NUM
cjfa-18795	203	63	3	3	NUM
cjfa-18795	203	64	we	we	PRON
cjfa-18795	203	65	make	make	VERB
cjfa-18795	203	66	dividend	dividend	NOUN
cjfa-18795	203	67	decisions	decision	NOUN
cjfa-18795	203	68	after	after	ADP
cjfa-18795	203	69	taking	take	VERB
cjfa-18795	203	70	investment	investment	NOUN
cjfa-18795	203	71	plans	plan	NOUN
cjfa-18795	203	72	22.73	22.73	NUM
cjfa-18795	203	73	36.36	36.36	NUM
cjfa-18795	203	74	18.18	18.18	NUM
cjfa-18795	203	75	18.18	18.18	NUM
cjfa-18795	203	76	4.54	4.54	NUM
cjfa-18795	203	77	.545	.545	NUM
cjfa-18795	203	78	6	6	NUM
cjfa-18795	203	79	2.16	2.16	NUM
cjfa-18795	203	80	.042	.042	NUM
cjfa-18795	203	81	5.72	5.72	NUM
cjfa-18795	203	82	.22	.22	NUM
cjfa-18795	203	83	4	4	NUM
cjfa-18795	203	84	we	we	PRON
cjfa-18795	203	85	develop	develop	VERB
cjfa-18795	203	86	dividend	dividend	NOUN
cjfa-18795	203	87	policy	policy	NOUN
cjfa-18795	203	88	for	for	ADP
cjfa-18795	203	89	maximizing	maximize	VERB
cjfa-18795	203	90	the	the	DET
cjfa-18795	203	91	company	company	NOUN
cjfa-18795	203	92	’s	’s	PART
cjfa-18795	203	93	market	market	NOUN
cjfa-18795	203	94	value	value	NOUN
cjfa-18795	203	95	54.55	54.55	NUM
cjfa-18795	203	96	36.36	36.36	NUM
cjfa-18795	203	97	9.09	9.09	NUM
cjfa-18795	203	98	0	0	NUM
cjfa-18795	203	99	0	0	NUM
cjfa-18795	204	1	1.45	1.45	NUM
cjfa-18795	204	2	1	1	NUM
cjfa-18795	204	3	10.16	10.16	NUM
cjfa-18795	204	4	.000	.000	NUM
cjfa-18795	204	5	8.35	8.35	NUM
cjfa-18795	204	6	.032	.032	NUM
cjfa-18795	204	7	5	5	NUM
cjfa-18795	204	8	we	we	PRON
cjfa-18795	204	9	change	change	VERB
cjfa-18795	204	10	dividends	dividend	NOUN
cjfa-18795	204	11	based	base	VERB
cjfa-18795	204	12	on	on	ADP
cjfa-18795	204	13	sustainable	sustainable	ADJ
cjfa-18795	204	14	shift	shift	NOUN
cjfa-18795	204	15	in	in	ADP
cjfa-18795	204	16	earnings	earning	NOUN
cjfa-18795	204	17	45.45	45.45	NUM
cjfa-18795	204	18	31.82	31.82	NUM
cjfa-18795	204	19	18.18	18.18	NUM
cjfa-18795	204	20	4.54	4.54	NUM
cjfa-18795	204	21	0	0	NUM
cjfa-18795	204	22	1.18	1.18	NUM
cjfa-18795	204	23	4	4	NUM
cjfa-18795	204	24	6.11	6.11	NUM
cjfa-18795	204	25	.000	.000	NUM
cjfa-18795	204	26	8.18	8.18	NUM
cjfa-18795	204	27	.042	.042	NUM
cjfa-18795	204	28	6	6	NUM
cjfa-18795	205	1	we	we	PRON
cjfa-18795	205	2	try	try	VERB
cjfa-18795	205	3	to	to	PART
cjfa-18795	205	4	maintain	maintain	VERB
cjfa-18795	205	5	a	a	DET
cjfa-18795	205	6	smooth	smooth	ADJ
cjfa-18795	205	7	dividend	dividend	NOUN
cjfa-18795	205	8	stream	stream	NOUN
cjfa-18795	205	9	from	from	ADP
cjfa-18795	205	10	year	year	NOUN
cjfa-18795	205	11	to	to	ADP
cjfa-18795	205	12	year	year	NOUN
cjfa-18795	205	13	54.55	54.55	NUM
cjfa-18795	205	14	31.82	31.82	NUM
cjfa-18795	205	15	13.64	13.64	NUM
cjfa-18795	205	16	0	0	NUM
cjfa-18795	205	17	0	0	NUM
cjfa-18795	205	18	1.40	1.40	NUM
cjfa-18795	205	19	2	2	NUM
cjfa-18795	205	20	9.00	9.00	NUM
cjfa-18795	205	21	.000	.000	NUM
cjfa-18795	205	22	7.23	7.23	NUM
cjfa-18795	205	23	.05	.05	NUM
cjfa-18795	205	24	mohammad	mohammad	PROPN
cjfa-18795	205	25	shahidul	shahidul	PROPN
cjfa-18795	205	26	islam58	islam58	PROPN
cjfa-18795	205	27	n	n	AUX
cjfa-18795	205	28	um	um	INTJ
cjfa-18795	205	29	be	be	AUX
cjfa-18795	205	30	r	r	NOUN
cjfa-18795	205	31	statements	statement	NOUN
cjfa-18795	205	32	level	level	NOUN
cjfa-18795	205	33	of	of	ADP
cjfa-18795	205	34	agreement	agreement	NOUN
cjfa-18795	205	35	(	(	PUNCT
cjfa-18795	205	36	%	%	INTJ
cjfa-18795	205	37	)	)	PUNCT
cjfa-18795	205	38	mean	mean	INTJ
cjfa-18795	205	39	rank	rank	PROPN
cjfa-18795	205	40	t	t	PROPN
cjfa-18795	205	41	-	-	PUNCT
cjfa-18795	205	42	test	test	NOUN
cjfa-18795	205	43	sig	sig	NOUN
cjfa-18795	205	44	.	.	PUNCT
cjfa-18795	206	1	(	(	PUNCT
cjfa-18795	206	2	2	2	NUM
cjfa-18795	206	3	-	-	PUNCT
cjfa-18795	206	4	tailed	tailed	ADJ
cjfa-18795	206	5	)	)	PUNCT
cjfa-18795	206	6	chi	chi	PROPN
cjfa-18795	206	7	square	square	ADJ
cjfa-18795	206	8	value	value	NOUN
cjfa-18795	206	9	asymp	asymp	NOUN
cjfa-18795	206	10	.	.	PUNCT
cjfa-18795	207	1	sig	sig	PROPN
cjfa-18795	207	2	.	.	PUNCT
cjfa-18795	208	1	strongly	strongly	ADV
cjfa-18795	208	2	agree	agree	VERB
cjfa-18795	208	3	agree	agree	VERB
cjfa-18795	208	4	indifferent	indifferent	ADJ
cjfa-18795	208	5	disagree	disagree	VERB
cjfa-18795	208	6	strongly	strongly	ADV
cjfa-18795	208	7	disagree	disagree	VERB
cjfa-18795	208	8	7	7	NUM
cjfa-18795	208	9	we	we	PRON
cjfa-18795	208	10	pay	pay	VERB
cjfa-18795	208	11	dividends	dividend	NOUN
cjfa-18795	208	12	for	for	ADP
cjfa-18795	208	13	showing	show	VERB
cjfa-18795	208	14	better	well	ADJ
cjfa-18795	208	15	performance	performance	NOUN
cjfa-18795	208	16	compare	compare	VERB
cjfa-18795	208	17	to	to	ADP
cjfa-18795	208	18	competitors	competitor	NOUN
cjfa-18795	208	19	9.09	9.09	NUM
cjfa-18795	208	20	2273	2273	NUM
cjfa-18795	208	21	9.09	9.09	NUM
cjfa-18795	208	22	40.91	40.91	NUM
cjfa-18795	208	23	18.18	18.18	NUM
cjfa-18795	208	24	-.363	-.363	PROPN
cjfa-18795	208	25	8	8	NUM
cjfa-18795	208	26	-1.319	-1.319	NUM
cjfa-18795	208	27	.201	.201	NUM
cjfa-18795	208	28	6.54	6.54	NUM
cjfa-18795	208	29	.11	.11	NUM
cjfa-18795	208	30	8	8	NUM
cjfa-18795	208	31	we	we	PRON
cjfa-18795	208	32	make	make	VERB
cjfa-18795	208	33	dividend	dividend	NOUN
cjfa-18795	208	34	policy	policy	NOUN
cjfa-18795	208	35	based	base	VERB
cjfa-18795	208	36	on	on	ADP
cjfa-18795	208	37	majority	majority	NOUN
cjfa-18795	208	38	shareholders	shareholder	NOUN
cjfa-18795	208	39	’	'	PUNCT
cjfa-18795	208	40	expectation	expectation	NOUN
cjfa-18795	208	41	45.55	45.55	NUM
cjfa-18795	208	42	36.36	36.36	NUM
cjfa-18795	208	43	13.64	13.64	NUM
cjfa-18795	208	44	0	0	NUM
cjfa-18795	208	45	4.54	4.54	NUM
cjfa-18795	208	46	1.18	1.18	NUM
cjfa-18795	208	47	3	3	NUM
cjfa-18795	208	48	5.508	5.508	NUM
cjfa-18795	208	49	.000	.000	NUM
cjfa-18795	208	50	9.63	9.63	NUM
cjfa-18795	208	51	.022	.022	NUM
cjfa-18795	208	52	s	s	PART
cjfa-18795	208	53	o	o	NOUN
cjfa-18795	208	54	u	u	NOUN
cjfa-18795	208	55	r	r	NOUN
cjfa-18795	208	56	c	c	NOUN
cjfa-18795	208	57	e	e	NOUN
cjfa-18795	208	58	:	:	PUNCT
cjfa-18795	208	59	author	author	NOUN
cjfa-18795	208	60	’s	’s	PART
cjfa-18795	208	61	calculation	calculation	NOUN
cjfa-18795	208	62	.	.	PUNCT
cjfa-18795	209	1	from	from	ADP
cjfa-18795	209	2	the	the	DET
cjfa-18795	209	3	table	table	NOUN
cjfa-18795	209	4	11	11	NUM
cjfa-18795	209	5	,	,	PUNCT
cjfa-18795	209	6	the	the	DET
cjfa-18795	209	7	statements	statement	NOUN
cjfa-18795	209	8	4	4	NUM
cjfa-18795	209	9	,	,	PUNCT
cjfa-18795	209	10	5	5	NUM
cjfa-18795	209	11	,	,	PUNCT
cjfa-18795	209	12	6	6	NUM
cjfa-18795	209	13	,	,	PUNCT
cjfa-18795	209	14	8	8	NUM
cjfa-18795	209	15	are	be	AUX
cjfa-18795	209	16	significant	significant	ADJ
cjfa-18795	209	17	in	in	ADP
cjfa-18795	209	18	both	both	DET
cjfa-18795	209	19	t	t	NOUN
cjfa-18795	209	20	test	test	NOUN
cjfa-18795	209	21	and	and	CCONJ
cjfa-18795	209	22	chi	chi	PROPN
cjfa-18795	209	23	square	square	PROPN
cjfa-18795	209	24	test	test	NOUN
cjfa-18795	209	25	.	.	PUNCT
cjfa-18795	210	1	the	the	DET
cjfa-18795	210	2	statement	statement	NOUN
cjfa-18795	210	3	4	4	NUM
cjfa-18795	210	4	(	(	PUNCT
cjfa-18795	210	5	‘	'	PUNCT
cjfa-18795	210	6	we	we	PRON
cjfa-18795	210	7	develop	develop	VERB
cjfa-18795	210	8	dividend	dividend	NOUN
cjfa-18795	210	9	policy	policy	NOUN
cjfa-18795	210	10	for	for	ADP
cjfa-18795	210	11	maximizing	maximize	VERB
cjfa-18795	210	12	the	the	DET
cjfa-18795	210	13	company	company	NOUN
cjfa-18795	210	14	’s	’s	PART
cjfa-18795	210	15	market	market	NOUN
cjfa-18795	210	16	value	value	NOUN
cjfa-18795	210	17	)	)	PUNCT
cjfa-18795	210	18	has	have	AUX
cjfa-18795	210	19	highest	high	ADJ
cjfa-18795	210	20	mean	mean	ADJ
cjfa-18795	210	21	value	value	NOUN
cjfa-18795	210	22	(	(	PUNCT
cjfa-18795	210	23	1.45	1.45	NUM
cjfa-18795	210	24	)	)	PUNCT
cjfa-18795	210	25	and	and	CCONJ
cjfa-18795	210	26	got	get	VERB
cjfa-18795	210	27	87.27	87.27	NUM
cjfa-18795	210	28	percent	percent	NOUN
cjfa-18795	210	29	opinion	opinion	NOUN
cjfa-18795	210	30	of	of	ADP
cjfa-18795	210	31	respondents	respondent	NOUN
cjfa-18795	210	32	at	at	ADP
cjfa-18795	210	33	‘	'	PUNCT
cjfa-18795	210	34	agree	agree	VERB
cjfa-18795	210	35	and	and	CCONJ
cjfa-18795	210	36	strongly	strongly	ADV
cjfa-18795	210	37	agree	agree	VERB
cjfa-18795	210	38	’	'	PUNCT
cjfa-18795	210	39	level	level	NOUN
cjfa-18795	210	40	.	.	PUNCT
cjfa-18795	211	1	this	this	DET
cjfa-18795	211	2	statement	statement	NOUN
cjfa-18795	211	3	is	be	AUX
cjfa-18795	211	4	statistically	statistically	ADV
cjfa-18795	211	5	significant	significant	ADJ
cjfa-18795	211	6	with	with	ADP
cjfa-18795	211	7	t	t	NOUN
cjfa-18795	211	8	test	test	NOUN
cjfa-18795	211	9	and	and	CCONJ
cjfa-18795	211	10	chi	chi	ADJ
cjfa-18795	211	11	-	-	PUNCT
cjfa-18795	211	12	square	square	ADJ
cjfa-18795	211	13	test	test	NOUN
cjfa-18795	211	14	.	.	PUNCT
cjfa-18795	212	1	it	it	PRON
cjfa-18795	212	2	indicates	indicate	VERB
cjfa-18795	212	3	that	that	SCONJ
cjfa-18795	212	4	the	the	DET
cjfa-18795	212	5	companies	company	NOUN
cjfa-18795	212	6	set	set	VERB
cjfa-18795	212	7	dividend	dividend	NOUN
cjfa-18795	212	8	policy	policy	NOUN
cjfa-18795	212	9	with	with	ADP
cjfa-18795	212	10	aims	aim	NOUN
cjfa-18795	212	11	to	to	PART
cjfa-18795	212	12	maximize	maximize	VERB
cjfa-18795	212	13	the	the	DET
cjfa-18795	212	14	market	market	NOUN
cjfa-18795	212	15	value	value	NOUN
cjfa-18795	212	16	of	of	ADP
cjfa-18795	212	17	share	share	NOUN
cjfa-18795	212	18	.	.	PUNCT
cjfa-18795	213	1	the	the	DET
cjfa-18795	213	2	86.37	86.37	NUM
cjfa-18795	213	3	percent	percent	NOUN
cjfa-18795	213	4	companies	company	NOUN
cjfa-18795	213	5	have	have	AUX
cjfa-18795	213	6	‘	'	PUNCT
cjfa-18795	213	7	agree	agree	VERB
cjfa-18795	213	8	and	and	CCONJ
cjfa-18795	213	9	strongly	strongly	ADV
cjfa-18795	213	10	agree	agree	VERB
cjfa-18795	213	11	’	'	PUNCT
cjfa-18795	213	12	opinion	opinion	NOUN
cjfa-18795	213	13	on	on	ADP
cjfa-18795	213	14	the	the	DET
cjfa-18795	213	15	statement	statement	NOUN
cjfa-18795	213	16	6	6	NUM
cjfa-18795	213	17	(	(	PUNCT
cjfa-18795	213	18	‘	'	PUNCT
cjfa-18795	213	19	we	we	PRON
cjfa-18795	213	20	try	try	VERB
cjfa-18795	213	21	to	to	PART
cjfa-18795	213	22	maintain	maintain	VERB
cjfa-18795	213	23	a	a	DET
cjfa-18795	213	24	smooth	smooth	ADJ
cjfa-18795	213	25	dividend	dividend	NOUN
cjfa-18795	213	26	stream	stream	NOUN
cjfa-18795	213	27	from	from	ADP
cjfa-18795	213	28	year	year	NOUN
cjfa-18795	213	29	to	to	ADP
cjfa-18795	213	30	year	year	NOUN
cjfa-18795	213	31	’	'	PUNCT
cjfa-18795	213	32	)	)	PUNCT
cjfa-18795	213	33	which	which	PRON
cjfa-18795	213	34	is	be	AUX
cjfa-18795	213	35	statistically	statistically	ADV
cjfa-18795	213	36	significant	significant	ADJ
cjfa-18795	213	37	with	with	ADP
cjfa-18795	213	38	t	t	NOUN
cjfa-18795	213	39	test	test	NOUN
cjfa-18795	213	40	and	and	CCONJ
cjfa-18795	213	41	chi	chi	ADJ
cjfa-18795	213	42	-	-	PUNCT
cjfa-18795	213	43	square	square	ADJ
cjfa-18795	213	44	test	test	NOUN
cjfa-18795	213	45	.	.	PUNCT
cjfa-18795	214	1	so	so	ADV
cjfa-18795	214	2	,	,	PUNCT
cjfa-18795	214	3	the	the	DET
cjfa-18795	214	4	companies	company	NOUN
cjfa-18795	214	5	maintain	maintain	VERB
cjfa-18795	214	6	the	the	DET
cjfa-18795	214	7	consistency	consistency	NOUN
cjfa-18795	214	8	in	in	ADP
cjfa-18795	214	9	paying	pay	VERB
cjfa-18795	214	10	the	the	DET
cjfa-18795	214	11	dividend	dividend	NOUN
cjfa-18795	214	12	.	.	PUNCT
cjfa-18795	215	1	the	the	DET
cjfa-18795	215	2	81.91	81.91	NUM
cjfa-18795	215	3	percent	percent	NOUN
cjfa-18795	215	4	companies	company	NOUN
cjfa-18795	215	5	have	have	AUX
cjfa-18795	215	6	‘	'	PUNCT
cjfa-18795	215	7	agree	agree	VERB
cjfa-18795	215	8	and	and	CCONJ
cjfa-18795	215	9	strongly	strongly	ADV
cjfa-18795	215	10	agree	agree	VERB
cjfa-18795	215	11	’	'	PUNCT
cjfa-18795	215	12	have	have	VERB
cjfa-18795	215	13	opinion	opinion	NOUN
cjfa-18795	215	14	on	on	ADP
cjfa-18795	215	15	the	the	DET
cjfa-18795	215	16	statement	statement	NOUN
cjfa-18795	215	17	8	8	NUM
cjfa-18795	215	18	(	(	PUNCT
cjfa-18795	215	19	‘	'	PUNCT
cjfa-18795	215	20	we	we	PRON
cjfa-18795	215	21	make	make	VERB
cjfa-18795	215	22	dividend	dividend	NOUN
cjfa-18795	215	23	policy	policy	NOUN
cjfa-18795	215	24	based	base	VERB
cjfa-18795	215	25	on	on	ADP
cjfa-18795	215	26	majority	majority	NOUN
cjfa-18795	215	27	shareholders	shareholder	NOUN
cjfa-18795	215	28	’	'	PUNCT
cjfa-18795	215	29	expectation	expectation	NOUN
cjfa-18795	215	30	’	'	PUNCT
cjfa-18795	215	31	)	)	PUNCT
cjfa-18795	215	32	which	which	PRON
cjfa-18795	215	33	is	be	AUX
cjfa-18795	215	34	statistically	statistically	ADV
cjfa-18795	215	35	significant	significant	ADJ
cjfa-18795	215	36	with	with	ADP
cjfa-18795	215	37	t	t	NOUN
cjfa-18795	215	38	test	test	NOUN
cjfa-18795	215	39	and	and	CCONJ
cjfa-18795	215	40	chi	chi	ADJ
cjfa-18795	215	41	-	-	PUNCT
cjfa-18795	215	42	square	square	ADJ
cjfa-18795	215	43	test	test	NOUN
cjfa-18795	215	44	.	.	PUNCT
cjfa-18795	216	1	so	so	ADV
cjfa-18795	216	2	,	,	PUNCT
cjfa-18795	216	3	the	the	DET
cjfa-18795	216	4	companies	company	NOUN
cjfa-18795	216	5	take	take	VERB
cjfa-18795	216	6	their	their	PRON
cjfa-18795	216	7	dividend	dividend	NOUN
cjfa-18795	216	8	decision	decision	NOUN
cjfa-18795	216	9	by	by	ADP
cjfa-18795	216	10	considering	consider	VERB
cjfa-18795	216	11	the	the	DET
cjfa-18795	216	12	majority	majority	NOUN
cjfa-18795	216	13	shareholders	shareholder	NOUN
cjfa-18795	216	14	’	'	PUNCT
cjfa-18795	216	15	expectation	expectation	NOUN
cjfa-18795	216	16	.	.	PUNCT
cjfa-18795	217	1	the	the	DET
cjfa-18795	217	2	statements	statement	NOUN
cjfa-18795	217	3	1	1	NUM
cjfa-18795	217	4	,	,	PUNCT
cjfa-18795	217	5	2	2	NUM
cjfa-18795	217	6	,	,	PUNCT
cjfa-18795	217	7	7	7	NUM
cjfa-18795	217	8	are	be	AUX
cjfa-18795	217	9	not	not	PART
cjfa-18795	217	10	significant	significant	ADJ
cjfa-18795	217	11	in	in	ADP
cjfa-18795	217	12	both	both	PRON
cjfa-18795	217	13	ttest	tt	ADJ
cjfa-18795	217	14	and	and	CCONJ
cjfa-18795	217	15	chi	chi	PROPN
cjfa-18795	217	16	square	square	PROPN
cjfa-18795	217	17	test	test	NOUN
cjfa-18795	217	18	and	and	CCONJ
cjfa-18795	217	19	statement	statement	NOUN
cjfa-18795	217	20	3	3	NUM
cjfa-18795	217	21	is	be	AUX
cjfa-18795	217	22	insignificant	insignificant	ADJ
cjfa-18795	217	23	in	in	ADP
cjfa-18795	217	24	chi	chi	PROPN
cjfa-18795	217	25	square	square	PROPN
cjfa-18795	217	26	test	test	NOUN
cjfa-18795	217	27	.	.	PUNCT
cjfa-18795	218	1	the	the	DET
cjfa-18795	218	2	statement	statement	NOUN
cjfa-18795	218	3	7	7	NUM
cjfa-18795	218	4	(	(	PUNCT
cjfa-18795	218	5	‘	'	PUNCT
cjfa-18795	218	6	we	we	PRON
cjfa-18795	218	7	pay	pay	VERB
cjfa-18795	218	8	dividends	dividend	NOUN
cjfa-18795	218	9	for	for	ADP
cjfa-18795	218	10	showing	show	VERB
cjfa-18795	218	11	better	well	ADJ
cjfa-18795	218	12	performance	performance	NOUN
cjfa-18795	218	13	compare	compare	VERB
cjfa-18795	218	14	to	to	ADP
cjfa-18795	218	15	competitors	competitor	NOUN
cjfa-18795	218	16	’	'	PUNCT
cjfa-18795	218	17	)	)	PUNCT
cjfa-18795	218	18	is	be	AUX
cjfa-18795	218	19	not	not	PART
cjfa-18795	218	20	statistically	statistically	ADV
cjfa-18795	218	21	significant	significant	ADJ
cjfa-18795	218	22	which	which	PRON
cjfa-18795	218	23	indicates	indicate	VERB
cjfa-18795	218	24	that	that	SCONJ
cjfa-18795	218	25	the	the	DET
cjfa-18795	218	26	companies	company	NOUN
cjfa-18795	218	27	do	do	AUX
cjfa-18795	218	28	not	not	PART
cjfa-18795	218	29	pay	pay	VERB
cjfa-18795	218	30	dividend	dividend	NOUN
cjfa-18795	218	31	for	for	ADP
cjfa-18795	218	32	showing	show	VERB
cjfa-18795	218	33	better	well	ADJ
cjfa-18795	218	34	performance	performance	NOUN
cjfa-18795	218	35	compares	compare	VERB
cjfa-18795	218	36	to	to	ADP
cjfa-18795	218	37	competitors	competitor	NOUN
cjfa-18795	218	38	.	.	PUNCT
cjfa-18795	219	1	table	table	NOUN
cjfa-18795	219	2	11	11	NUM
cjfa-18795	219	3	.	.	PUNCT
cjfa-18795	220	1	company	company	NOUN
cjfa-18795	220	2	’s	’s	PART
cjfa-18795	220	3	view	view	NOUN
cjfa-18795	220	4	on	on	ADP
cjfa-18795	220	5	the	the	DET
cjfa-18795	220	6	dividend	dividend	NOUN
cjfa-18795	220	7	policies	policy	NOUN
cjfa-18795	220	8	dividend	dividend	NOUN
cjfa-18795	220	9	practices	practice	NOUN
cjfa-18795	220	10	in	in	ADP
cjfa-18795	220	11	listed	list	VERB
cjfa-18795	220	12	banks	bank	NOUN
cjfa-18795	220	13	of	of	ADP
cjfa-18795	220	14	bangladesh	bangladesh	NOUN
cjfa-18795	220	15	59	59	NUM
cjfa-18795	220	16	recommendations	recommendation	NOUN
cjfa-18795	220	17	the	the	DET
cjfa-18795	220	18	study	study	NOUN
cjfa-18795	220	19	has	have	AUX
cjfa-18795	220	20	found	find	VERB
cjfa-18795	220	21	the	the	DET
cjfa-18795	220	22	corporate	corporate	ADJ
cjfa-18795	220	23	dividend	dividend	NOUN
cjfa-18795	220	24	policy	policy	NOUN
cjfa-18795	220	25	practices	practice	NOUN
cjfa-18795	220	26	related	relate	VERB
cjfa-18795	220	27	findings	finding	NOUN
cjfa-18795	220	28	such	such	ADJ
cjfa-18795	220	29	as	as	ADP
cjfa-18795	220	30	regulatory	regulatory	ADJ
cjfa-18795	220	31	problems	problem	NOUN
cjfa-18795	220	32	,	,	PUNCT
cjfa-18795	220	33	policy	policy	NOUN
cjfa-18795	220	34	related	relate	VERB
cjfa-18795	220	35	problems	problem	NOUN
cjfa-18795	220	36	,	,	PUNCT
cjfa-18795	220	37	application	application	NOUN
cjfa-18795	220	38	of	of	ADP
cjfa-18795	220	39	model	model	NOUN
cjfa-18795	220	40	related	relate	VERB
cjfa-18795	220	41	issues	issue	NOUN
cjfa-18795	220	42	etc	etc	X
cjfa-18795	220	43	.	.	X
cjfa-18795	220	44	accordingly	accordingly	ADV
cjfa-18795	220	45	,	,	PUNCT
cjfa-18795	220	46	the	the	DET
cjfa-18795	220	47	study	study	NOUN
cjfa-18795	220	48	suggested	suggest	VERB
cjfa-18795	220	49	the	the	DET
cjfa-18795	220	50	following	follow	VERB
cjfa-18795	220	51	measures	measure	NOUN
cjfa-18795	220	52	:	:	PUNCT
cjfa-18795	220	53	■	■	PUNCT
cjfa-18795	220	54	the	the	DET
cjfa-18795	220	55	companies	company	NOUN
cjfa-18795	220	56	should	should	AUX
cjfa-18795	220	57	follow	follow	VERB
cjfa-18795	220	58	continuous	continuous	ADJ
cjfa-18795	220	59	dividend	dividend	NOUN
cjfa-18795	220	60	policy	policy	NOUN
cjfa-18795	220	61	practices	practice	NOUN
cjfa-18795	220	62	with	with	ADP
cjfa-18795	220	63	a	a	DET
cjfa-18795	220	64	view	view	NOUN
cjfa-18795	220	65	to	to	ADP
cjfa-18795	220	66	boosting	boost	VERB
cjfa-18795	220	67	investor	investor	NOUN
cjfa-18795	220	68	morale	morale	NOUN
cjfa-18795	220	69	as	as	ADV
cjfa-18795	220	70	well	well	ADV
cjfa-18795	220	71	as	as	ADP
cjfa-18795	220	72	keeping	keep	VERB
cjfa-18795	220	73	stock	stock	NOUN
cjfa-18795	220	74	market	market	NOUN
cjfa-18795	220	75	as	as	ADP
cjfa-18795	220	76	safe	safe	ADJ
cjfa-18795	220	77	harbor	harbor	NOUN
cjfa-18795	220	78	for	for	ADP
cjfa-18795	220	79	investment	investment	NOUN
cjfa-18795	220	80	and	and	CCONJ
cjfa-18795	220	81	financing	financing	NOUN
cjfa-18795	220	82	sector	sector	NOUN
cjfa-18795	220	83	.	.	PUNCT
cjfa-18795	221	1	■	■	PUNCT
cjfa-18795	221	2	the	the	DET
cjfa-18795	221	3	main	main	ADJ
cjfa-18795	221	4	determinants	determinant	NOUN
cjfa-18795	221	5	of	of	ADP
cjfa-18795	221	6	dividend	dividend	NOUN
cjfa-18795	221	7	decisions	decision	NOUN
cjfa-18795	221	8	are	be	AUX
cjfa-18795	221	9	earnings	earning	NOUN
cjfa-18795	221	10	and	and	CCONJ
cjfa-18795	221	11	liquidity	liquidity	NOUN
cjfa-18795	221	12	.	.	PUNCT
cjfa-18795	222	1	so	so	ADV
cjfa-18795	222	2	,	,	PUNCT
cjfa-18795	222	3	company	company	NOUN
cjfa-18795	222	4	has	have	VERB
cjfa-18795	222	5	to	to	PART
cjfa-18795	222	6	consider	consider	VERB
cjfa-18795	222	7	significant	significant	ADJ
cjfa-18795	222	8	earnings	earning	NOUN
cjfa-18795	222	9	and	and	CCONJ
cjfa-18795	222	10	liquidity	liquidity	NOUN
cjfa-18795	222	11	position	position	NOUN
cjfa-18795	222	12	for	for	ADP
cjfa-18795	222	13	paying	pay	VERB
cjfa-18795	222	14	smooth	smooth	ADJ
cjfa-18795	222	15	dividend	dividend	NOUN
cjfa-18795	222	16	.	.	PUNCT
cjfa-18795	223	1	■	■	PUNCT
cjfa-18795	223	2	the	the	DET
cjfa-18795	223	3	dividend	dividend	NOUN
cjfa-18795	223	4	announcement	announcement	NOUN
cjfa-18795	223	5	has	have	VERB
cjfa-18795	223	6	the	the	DET
cjfa-18795	223	7	signaling	signal	VERB
cjfa-18795	223	8	effect	effect	NOUN
cjfa-18795	223	9	on	on	ADP
cjfa-18795	223	10	the	the	DET
cjfa-18795	223	11	market	market	NOUN
cjfa-18795	223	12	price	price	NOUN
cjfa-18795	223	13	of	of	ADP
cjfa-18795	223	14	share	share	NOUN
cjfa-18795	223	15	.	.	PUNCT
cjfa-18795	224	1	the	the	DET
cjfa-18795	224	2	corporate	corporate	ADJ
cjfa-18795	224	3	dividend	dividend	NOUN
cjfa-18795	224	4	decision	decision	NOUN
cjfa-18795	224	5	and	and	CCONJ
cjfa-18795	224	6	investors	investor	NOUN
cjfa-18795	224	7	’	'	PUNCT
cjfa-18795	224	8	investing	invest	VERB
cjfa-18795	224	9	decision	decision	NOUN
cjfa-18795	224	10	should	should	AUX
cjfa-18795	224	11	consider	consider	VERB
cjfa-18795	224	12	this	this	DET
cjfa-18795	224	13	finding	finding	NOUN
cjfa-18795	224	14	.	.	PUNCT
cjfa-18795	225	1	■	■	PUNCT
cjfa-18795	225	2	the	the	DET
cjfa-18795	225	3	corporate	corporate	ADJ
cjfa-18795	225	4	firms	firm	NOUN
cjfa-18795	225	5	should	should	AUX
cjfa-18795	225	6	follow	follow	VERB
cjfa-18795	225	7	non	non	ADJ
cjfa-18795	225	8	identical	identical	ADJ
cjfa-18795	225	9	dividend	dividend	NOUN
cjfa-18795	225	10	policies	policy	NOUN
cjfa-18795	225	11	depending	depend	VERB
cjfa-18795	225	12	on	on	ADP
cjfa-18795	225	13	own	own	ADJ
cjfa-18795	225	14	characteristics	characteristic	NOUN
cjfa-18795	225	15	,	,	PUNCT
cjfa-18795	225	16	financing	financing	NOUN
cjfa-18795	225	17	,	,	PUNCT
cjfa-18795	225	18	and	and	CCONJ
cjfa-18795	225	19	investing	invest	VERB
cjfa-18795	225	20	opportunities	opportunity	NOUN
cjfa-18795	225	21	and	and	CCONJ
cjfa-18795	225	22	expectation	expectation	NOUN
cjfa-18795	225	23	of	of	ADP
cjfa-18795	225	24	market	market	NOUN
cjfa-18795	225	25	participants	participant	NOUN
cjfa-18795	225	26	.	.	PUNCT
cjfa-18795	226	1	■	■	PUNCT
cjfa-18795	226	2	the	the	DET
cjfa-18795	226	3	companies	company	NOUN
cjfa-18795	226	4	should	should	AUX
cjfa-18795	226	5	make	make	VERB
cjfa-18795	226	6	corporate	corporate	ADJ
cjfa-18795	226	7	dividend	dividend	NOUN
cjfa-18795	226	8	policies	policy	NOUN
cjfa-18795	226	9	and	and	CCONJ
cjfa-18795	226	10	undertake	undertake	VERB
cjfa-18795	226	11	corporate	corporate	ADJ
cjfa-18795	226	12	dividend	dividend	NOUN
cjfa-18795	226	13	decision	decision	NOUN
cjfa-18795	226	14	in	in	ADP
cjfa-18795	226	15	line	line	NOUN
cjfa-18795	226	16	with	with	ADP
cjfa-18795	226	17	the	the	DET
cjfa-18795	226	18	objective	objective	NOUN
cjfa-18795	226	19	of	of	ADP
cjfa-18795	226	20	maximizing	maximize	VERB
cjfa-18795	226	21	share	share	NOUN
cjfa-18795	226	22	holders	holder	NOUN
cjfa-18795	226	23	’	'	PUNCT
cjfa-18795	226	24	wealth	wealth	NOUN
cjfa-18795	226	25	.	.	PUNCT
cjfa-18795	227	1	■	■	PUNCT
cjfa-18795	227	2	the	the	DET
cjfa-18795	227	3	earlier	early	ADJ
cjfa-18795	227	4	reactions	reaction	NOUN
cjfa-18795	227	5	of	of	ADP
cjfa-18795	227	6	dividend	dividend	NOUN
cjfa-18795	227	7	announcements	announcement	NOUN
cjfa-18795	227	8	indicate	indicate	VERB
cjfa-18795	227	9	the	the	DET
cjfa-18795	227	10	leakage	leakage	NOUN
cjfa-18795	227	11	of	of	ADP
cjfa-18795	227	12	information	information	NOUN
cjfa-18795	227	13	in	in	ADP
cjfa-18795	227	14	the	the	DET
cjfa-18795	227	15	market	market	NOUN
cjfa-18795	227	16	.	.	PUNCT
cjfa-18795	228	1	so	so	ADV
cjfa-18795	228	2	,	,	PUNCT
cjfa-18795	228	3	there	there	PRON
cjfa-18795	228	4	should	should	AUX
cjfa-18795	228	5	be	be	AUX
cjfa-18795	228	6	taken	take	VERB
cjfa-18795	228	7	the	the	DET
cjfa-18795	228	8	regulatory	regulatory	ADJ
cjfa-18795	228	9	measures	measure	NOUN
cjfa-18795	228	10	for	for	ADP
cjfa-18795	228	11	preventing	prevent	VERB
cjfa-18795	228	12	it	it	PRON
cjfa-18795	228	13	.	.	PUNCT
cjfa-18795	228	14	 	 	SPACE
cjfa-18795	229	1	conclusion	conclusion	NOUN
cjfa-18795	229	2	this	this	DET
cjfa-18795	229	3	study	study	NOUN
cjfa-18795	229	4	depicts	depict	VERB
cjfa-18795	229	5	the	the	DET
cjfa-18795	229	6	picture	picture	NOUN
cjfa-18795	229	7	of	of	ADP
cjfa-18795	229	8	dividend	dividend	NOUN
cjfa-18795	229	9	performance	performance	NOUN
cjfa-18795	229	10	in	in	ADP
cjfa-18795	229	11	the	the	DET
cjfa-18795	229	12	capital	capital	NOUN
cjfa-18795	229	13	market	market	NOUN
cjfa-18795	229	14	of	of	ADP
cjfa-18795	229	15	bangladesh	bangladesh	NOUN
cjfa-18795	229	16	.	.	PUNCT
cjfa-18795	230	1	in	in	ADP
cjfa-18795	230	2	the	the	DET
cjfa-18795	230	3	banking	banking	NOUN
cjfa-18795	230	4	sector	sector	NOUN
cjfa-18795	230	5	,	,	PUNCT
cjfa-18795	230	6	the	the	DET
cjfa-18795	230	7	maximum	maximum	ADJ
cjfa-18795	230	8	payouts	payout	NOUN
cjfa-18795	230	9	are	be	AUX
cjfa-18795	230	10	in	in	ADP
cjfa-18795	230	11	large	large	ADJ
cjfa-18795	230	12	size	size	NOUN
cjfa-18795	230	13	firm	firm	NOUN
cjfa-18795	230	14	,	,	PUNCT
cjfa-18795	230	15	earlier	early	ADV
cjfa-18795	230	16	listed	list	VERB
cjfa-18795	230	17	bank	bank	NOUN
cjfa-18795	230	18	,	,	PUNCT
cjfa-18795	230	19	low	low	ADJ
cjfa-18795	230	20	leveraged	leverage	VERB
cjfa-18795	230	21	firm	firm	NOUN
cjfa-18795	230	22	,	,	PUNCT
cjfa-18795	230	23	high	high	ADJ
cjfa-18795	230	24	risk	risk	NOUN
cjfa-18795	230	25	’s	’s	PART
cjfa-18795	230	26	firm	firm	ADJ
cjfa-18795	230	27	,	,	PUNCT
cjfa-18795	230	28	medium	medium	ADJ
cjfa-18795	230	29	pe	pe	PROPN
cjfa-18795	230	30	ratio	ratio	NOUN
cjfa-18795	230	31	’s	’s	PART
cjfa-18795	230	32	firm	firm	NOUN
cjfa-18795	230	33	.	.	PUNCT
cjfa-18795	231	1	the	the	DET
cjfa-18795	231	2	survey	survey	NOUN
cjfa-18795	231	3	results	result	NOUN
cjfa-18795	231	4	reveal	reveal	VERB
cjfa-18795	231	5	that	that	SCONJ
cjfa-18795	231	6	the	the	DET
cjfa-18795	231	7	banks	bank	NOUN
cjfa-18795	231	8	prefer	prefer	VERB
cjfa-18795	231	9	both	both	CCONJ
cjfa-18795	231	10	cash	cash	NOUN
cjfa-18795	231	11	&	&	CCONJ
cjfa-18795	231	12	stock	stock	NOUN
cjfa-18795	231	13	dividend	dividend	NOUN
cjfa-18795	231	14	most	most	ADV
cjfa-18795	231	15	but	but	CCONJ
cjfa-18795	231	16	majority	majority	NOUN
cjfa-18795	231	17	shareholders	shareholder	NOUN
cjfa-18795	231	18	prefer	prefer	VERB
cjfa-18795	231	19	stock	stock	NOUN
cjfa-18795	231	20	.	.	PUNCT
cjfa-18795	232	1	the	the	DET
cjfa-18795	232	2	most	most	ADJ
cjfa-18795	232	3	of	of	ADP
cjfa-18795	232	4	the	the	DET
cjfa-18795	232	5	companies	company	NOUN
cjfa-18795	232	6	follow	follow	VERB
cjfa-18795	232	7	stable	stable	ADJ
cjfa-18795	232	8	payout	payout	NOUN
cjfa-18795	232	9	with	with	ADP
cjfa-18795	232	10	increasing	increase	VERB
cjfa-18795	232	11	trend	trend	NOUN
cjfa-18795	232	12	in	in	ADP
cjfa-18795	232	13	dividend	dividend	NOUN
cjfa-18795	232	14	payment	payment	NOUN
cjfa-18795	232	15	but	but	CCONJ
cjfa-18795	232	16	no	no	DET
cjfa-18795	232	17	satisfactory	satisfactory	ADJ
cjfa-18795	232	18	research	research	NOUN
cjfa-18795	232	19	is	be	AUX
cjfa-18795	232	20	done	do	VERB
cjfa-18795	232	21	to	to	PART
cjfa-18795	232	22	justify	justify	VERB
cjfa-18795	232	23	the	the	DET
cjfa-18795	232	24	investors	investor	NOUN
cjfa-18795	232	25	’	'	PUNCT
cjfa-18795	232	26	preference	preference	NOUN
cjfa-18795	232	27	.	.	PUNCT
cjfa-18795	233	1	the	the	DET
cjfa-18795	233	2	decision	decision	NOUN
cjfa-18795	233	3	maker	maker	NOUN
cjfa-18795	233	4	,	,	PUNCT
cjfa-18795	233	5	investors	investor	NOUN
cjfa-18795	233	6	and	and	CCONJ
cjfa-18795	233	7	other	other	ADJ
cjfa-18795	233	8	stakeholders	stakeholder	NOUN
cjfa-18795	233	9	should	should	AUX
cjfa-18795	233	10	follow	follow	VERB
cjfa-18795	233	11	these	these	DET
cjfa-18795	233	12	findings	finding	NOUN
cjfa-18795	233	13	for	for	ADP
cjfa-18795	233	14	taking	take	VERB
cjfa-18795	233	15	decision	decision	NOUN
cjfa-18795	233	16	.	.	PUNCT
cjfa-18795	234	1	the	the	DET
cjfa-18795	234	2	future	future	ADJ
cjfa-18795	234	3	researchers	researcher	NOUN
cjfa-18795	234	4	can	can	AUX
cjfa-18795	234	5	cover	cover	VERB
cjfa-18795	234	6	the	the	DET
cjfa-18795	234	7	other	other	ADJ
cjfa-18795	234	8	financial	financial	ADJ
cjfa-18795	234	9	sector	sector	NOUN
cjfa-18795	234	10	for	for	ADP
cjfa-18795	234	11	their	their	PRON
cjfa-18795	234	12	study	study	NOUN
cjfa-18795	234	13	.	.	PUNCT
cjfa-18795	235	1	mohammad	mohammad	PROPN
cjfa-18795	235	2	shahidul	shahidul	PROPN
cjfa-18795	235	3	islam60	islam60	PROPN
cjfa-18795	235	4	 	 	SPACE
cjfa-18795	235	5	references	reference	NOUN
cjfa-18795	235	6	akerlof	akerlof	PROPN
cjfa-18795	235	7	g.a	g.a	PROPN
cjfa-18795	235	8	.	.	PUNCT
cjfa-18795	235	9	(	(	PUNCT
cjfa-18795	235	10	1970	1970	NUM
cjfa-18795	235	11	)	)	PUNCT
cjfa-18795	235	12	.	.	PUNCT
cjfa-18795	236	1	the	the	DET
cjfa-18795	236	2	market	market	NOUN
cjfa-18795	236	3	for	for	ADP
cjfa-18795	236	4	lemons	lemon	NOUN
cjfa-18795	236	5	:	:	PUNCT
cjfa-18795	236	6	quality	quality	NOUN
cjfa-18795	236	7	uncertainty	uncertainty	NOUN
cjfa-18795	236	8	and	and	CCONJ
cjfa-18795	236	9	the	the	DET
cjfa-18795	236	10	market	market	NOUN
cjfa-18795	236	11	mechanism	mechanism	NOUN
cjfa-18795	236	12	,	,	PUNCT
cjfa-18795	236	13	quarterly	quarterly	ADJ
cjfa-18795	236	14	journal	journal	NOUN
cjfa-18795	236	15	of	of	ADP
cjfa-18795	236	16	economics	economic	NOUN
cjfa-18795	236	17	,	,	PUNCT
cjfa-18795	236	18	84(3	84(3	NUM
cjfa-18795	236	19	)	)	PUNCT
cjfa-18795	236	20	,	,	PUNCT
cjfa-18795	236	21	489–500	489–500	NUM
cjfa-18795	236	22	.	.	PUNCT
cjfa-18795	237	1	ahmed	ahmed	PROPN
cjfa-18795	237	2	,	,	PUNCT
cjfa-18795	237	3	m.	m.	NOUN
cjfa-18795	237	4	,	,	PUNCT
cjfa-18795	237	5	&	&	CCONJ
cjfa-18795	237	6	mukit	mukit	PROPN
cjfa-18795	237	7	,	,	PUNCT
cjfa-18795	237	8	m.(2014	m.(2014	PROPN
cjfa-18795	237	9	)	)	PUNCT
cjfa-18795	237	10	.	.	PUNCT
cjfa-18795	238	1	determinants	determinant	NOUN
cjfa-18795	238	2	of	of	ADP
cjfa-18795	238	3	dividend	dividend	NOUN
cjfa-18795	238	4	payout	payout	NOUN
cjfa-18795	238	5	ratio	ratio	NOUN
cjfa-18795	238	6	:	:	PUNCT
cjfa-18795	238	7	evidence	evidence	NOUN
cjfa-18795	238	8	from	from	ADP
cjfa-18795	238	9	dhaka	dhaka	PROPN
cjfa-18795	238	10	stock	stock	PROPN
cjfa-18795	238	11	exchange	exchange	PROPN
cjfa-18795	238	12	.	.	PUNCT
cjfa-18795	239	1	asa	asa	PROPN
cjfa-18795	239	2	university	university	PROPN
cjfa-18795	239	3	review	review	PROPN
cjfa-18795	239	4	,	,	PUNCT
cjfa-18795	239	5	2014	2014	NUM
cjfa-18795	239	6	,	,	PUNCT
cjfa-18795	239	7	8(2	8(2	NUM
cjfa-18795	239	8	)	)	PUNCT
cjfa-18795	239	9	,	,	PUNCT
cjfa-18795	239	10	281–289	281–289	NUM
cjfa-18795	239	11	.	.	PUNCT
cjfa-18795	240	1	baker	baker	PROPN
cjfa-18795	240	2	,	,	PUNCT
cjfa-18795	240	3	h.k	h.k	PROPN
cjfa-18795	240	4	.	.	PROPN
cjfa-18795	240	5	,	,	PUNCT
cjfa-18795	240	6	&	&	CCONJ
cjfa-18795	240	7	powell	powell	PROPN
cjfa-18795	240	8	,	,	PUNCT
cjfa-18795	240	9	g.e	g.e	PROPN
cjfa-18795	240	10	.	.	PUNCT
cjfa-18795	240	11	(	(	PUNCT
cjfa-18795	240	12	2000	2000	NUM
cjfa-18795	240	13	)	)	PUNCT
cjfa-18795	240	14	.	.	PUNCT
cjfa-18795	241	1	determinants	determinant	NOUN
cjfa-18795	241	2	of	of	ADP
cjfa-18795	241	3	corporate	corporate	ADJ
cjfa-18795	241	4	dividend	dividend	NOUN
cjfa-18795	241	5	policy	policy	NOUN
cjfa-18795	241	6	:	:	PUNCT
cjfa-18795	241	7	a	a	DET
cjfa-18795	241	8	survey	survey	NOUN
cjfa-18795	241	9	of	of	ADP
cjfa-18795	241	10	nyse	nyse	PROPN
cjfa-18795	241	11	firms	firm	NOUN
cjfa-18795	241	12	.	.	PUNCT
cjfa-18795	242	1	financial	financial	ADJ
cjfa-18795	242	2	practice	practice	NOUN
cjfa-18795	242	3	and	and	CCONJ
cjfa-18795	242	4	education	education	NOUN
cjfa-18795	242	5	,	,	PUNCT
cjfa-18795	242	6	10(1	10(1	NUM
cjfa-18795	242	7	)	)	PUNCT
cjfa-18795	242	8	,	,	PUNCT
cjfa-18795	242	9	29–40	29–40	NUM
cjfa-18795	242	10	.	.	PUNCT
cjfa-18795	243	1	baker	baker	PROPN
cjfa-18795	243	2	,	,	PUNCT
cjfa-18795	243	3	m.	m.	NOUN
cjfa-18795	243	4	,	,	PUNCT
cjfa-18795	243	5	&	&	CCONJ
cjfa-18795	243	6	wurgler	wurgler	PROPN
cjfa-18795	243	7	,	,	PUNCT
cjfa-18795	243	8	j.	j.	PROPN
cjfa-18795	243	9	(	(	PUNCT
cjfa-18795	243	10	2004a	2004a	NUM
cjfa-18795	243	11	)	)	PUNCT
cjfa-18795	243	12	.	.	PUNCT
cjfa-18795	244	1	a	a	DET
cjfa-18795	244	2	catering	catering	NOUN
cjfa-18795	244	3	theory	theory	NOUN
cjfa-18795	244	4	of	of	ADP
cjfa-18795	244	5	dividends	dividend	NOUN
cjfa-18795	244	6	.	.	PUNCT
cjfa-18795	245	1	journal	journal	PROPN
cjfa-18795	245	2	of	of	ADP
cjfa-18795	245	3	finance	finance	NOUN
cjfa-18795	245	4	,	,	PUNCT
cjfa-18795	245	5	59(3	59(3	NUM
cjfa-18795	245	6	)	)	PUNCT
cjfa-18795	245	7	,	,	PUNCT
cjfa-18795	245	8	1125–1165	1125–1165	NUM
cjfa-18795	245	9	.	.	PUNCT
cjfa-18795	246	1	baker	baker	PROPN
cjfa-18795	246	2	,	,	PUNCT
cjfa-18795	246	3	m.	m.	NOUN
cjfa-18795	246	4	,	,	PUNCT
cjfa-18795	246	5	&	&	CCONJ
cjfa-18795	246	6	wurgler	wurgler	PROPN
cjfa-18795	246	7	,	,	PUNCT
cjfa-18795	246	8	j.	j.	PROPN
cjfa-18795	246	9	(	(	PUNCT
cjfa-18795	246	10	2004b	2004b	NUM
cjfa-18795	246	11	)	)	PUNCT
cjfa-18795	246	12	.	.	PUNCT
cjfa-18795	247	1	appearing	appear	VERB
cjfa-18795	247	2	and	and	CCONJ
cjfa-18795	247	3	disappearing	disappear	VERB
cjfa-18795	247	4	dividends	dividend	NOUN
cjfa-18795	247	5	:	:	PUNCT
cjfa-18795	247	6	the	the	DET
cjfa-18795	247	7	link	link	NOUN
cjfa-18795	247	8	to	to	ADP
cjfa-18795	247	9	catering	catering	NOUN
cjfa-18795	247	10	incentives	incentive	NOUN
cjfa-18795	247	11	.	.	PUNCT
cjfa-18795	248	1	journal	journal	NOUN
cjfa-18795	248	2	of	of	ADP
cjfa-18795	248	3	financial	financial	ADJ
cjfa-18795	248	4	economics	economic	NOUN
cjfa-18795	248	5	,	,	PUNCT
cjfa-18795	248	6	73(2	73(2	NUM
cjfa-18795	248	7	)	)	PUNCT
cjfa-18795	248	8	,	,	PUNCT
cjfa-18795	248	9	271–288	271–288	NUM
cjfa-18795	248	10	.	.	PUNCT
cjfa-18795	249	1	baker	baker	PROPN
cjfa-18795	249	2	,	,	PUNCT
cjfa-18795	249	3	h.k	h.k	PROPN
cjfa-18795	249	4	.	.	PROPN
cjfa-18795	249	5	,	,	PUNCT
cjfa-18795	249	6	saadi	saadi	PROPN
cjfa-18795	249	7	,	,	PUNCT
cjfa-18795	249	8	s.	s.	PROPN
cjfa-18795	249	9	,	,	PUNCT
cjfa-18795	249	10	dutta	dutta	PROPN
cjfa-18795	249	11	,	,	PUNCT
cjfa-18795	249	12	s.	s.	PROPN
cjfa-18795	249	13	,	,	PUNCT
cjfa-18795	249	14	&	&	CCONJ
cjfa-18795	249	15	gandhi	gandhi	PROPN
cjfa-18795	249	16	,	,	PUNCT
cjfa-18795	249	17	d.	d.	PROPN
cjfa-18795	249	18	(	(	PUNCT
cjfa-18795	249	19	2007	2007	NUM
cjfa-18795	249	20	)	)	PUNCT
cjfa-18795	249	21	.	.	PUNCT
cjfa-18795	250	1	the	the	DET
cjfa-18795	250	2	perception	perception	NOUN
cjfa-18795	250	3	of	of	ADP
cjfa-18795	250	4	dividends	dividend	NOUN
cjfa-18795	250	5	by	by	ADP
cjfa-18795	250	6	canadian	canadian	ADJ
cjfa-18795	250	7	managers	manager	NOUN
cjfa-18795	250	8	:	:	PUNCT
cjfa-18795	250	9	new	new	ADJ
cjfa-18795	250	10	survey	survey	NOUN
cjfa-18795	250	11	evidence	evidence	NOUN
cjfa-18795	250	12	.	.	PUNCT
cjfa-18795	251	1	international	international	ADJ
cjfa-18795	251	2	journal	journal	PROPN
cjfa-18795	251	3	of	of	ADP
cjfa-18795	251	4	managerial	managerial	ADJ
cjfa-18795	251	5	finance	finance	NOUN
cjfa-18795	251	6	,	,	PUNCT
cjfa-18795	251	7	3(1	3(1	NUM
cjfa-18795	251	8	)	)	PUNCT
cjfa-18795	251	9	,	,	PUNCT
cjfa-18795	251	10	70–91	70–91	NUM
cjfa-18795	251	11	.	.	PUNCT
cjfa-18795	251	12	barberis	barberis	PROPN
cjfa-18795	251	13	,	,	PUNCT
cjfa-18795	251	14	n.	n.	NOUN
cjfa-18795	251	15	,	,	PUNCT
cjfa-18795	251	16	&	&	CCONJ
cjfa-18795	251	17	thaler	thaler	PROPN
cjfa-18795	251	18	,	,	PUNCT
cjfa-18795	251	19	r.	r.	PROPN
cjfa-18795	251	20	(	(	PUNCT
cjfa-18795	251	21	2003	2003	NUM
cjfa-18795	251	22	)	)	PUNCT
cjfa-18795	251	23	.	.	PUNCT
cjfa-18795	252	1	a	a	DET
cjfa-18795	252	2	survey	survey	NOUN
cjfa-18795	252	3	of	of	ADP
cjfa-18795	252	4	behavioral	behavioral	ADJ
cjfa-18795	252	5	finance	finance	NOUN
cjfa-18795	252	6	.	.	PUNCT
cjfa-18795	253	1	in	in	ADP
cjfa-18795	253	2	g.m	g.m	PROPN
cjfa-18795	253	3	.	.	PROPN
cjfa-18795	253	4	constantinides	constantinides	PROPN
cjfa-18795	253	5	,	,	PUNCT
cjfa-18795	253	6	m.	m.	PROPN
cjfa-18795	253	7	harris	harris	PROPN
cjfa-18795	253	8	,	,	PUNCT
cjfa-18795	253	9	r.m	r.m	PROPN
cjfa-18795	253	10	.	.	PROPN
cjfa-18795	253	11	stulz	stulz	PROPN
cjfa-18795	253	12	(	(	PUNCT
cjfa-18795	253	13	eds	ed	NOUN
cjfa-18795	253	14	.	.	PUNCT
cjfa-18795	253	15	)	)	PUNCT
cjfa-18795	253	16	.	.	PUNCT
cjfa-18795	254	1	handbook	handbook	NOUN
cjfa-18795	254	2	of	of	ADP
cjfa-18795	254	3	the	the	DET
cjfa-18795	254	4	economics	economic	NOUN
cjfa-18795	254	5	of	of	ADP
cjfa-18795	254	6	finance	finance	NOUN
cjfa-18795	254	7	.	.	PUNCT
cjfa-18795	255	1	amsterdam	amsterdam	PROPN
cjfa-18795	255	2	:	:	PUNCT
cjfa-18795	255	3	north	north	PROPN
cjfa-18795	255	4	-	-	PUNCT
cjfa-18795	255	5	holland	holland	PROPN
cjfa-18795	255	6	.	.	PUNCT
cjfa-18795	256	1	bhat	bhat	PROPN
cjfa-18795	256	2	,	,	PUNCT
cjfa-18795	256	3	r.	r.	PROPN
cjfa-18795	256	4	,	,	PUNCT
cjfa-18795	256	5	&	&	CCONJ
cjfa-18795	256	6	pandey	pandey	PROPN
cjfa-18795	256	7	,	,	PUNCT
cjfa-18795	256	8	i.m	i.m	PROPN
cjfa-18795	256	9	.	.	PUNCT
cjfa-18795	256	10	(	(	PUNCT
cjfa-18795	256	11	1994	1994	NUM
cjfa-18795	256	12	)	)	PUNCT
cjfa-18795	256	13	.	.	PUNCT
cjfa-18795	257	1	dividend	dividend	NOUN
cjfa-18795	257	2	decision	decision	NOUN
cjfa-18795	257	3	:	:	PUNCT
cjfa-18795	257	4	a	a	DET
cjfa-18795	257	5	study	study	NOUN
cjfa-18795	257	6	of	of	ADP
cjfa-18795	257	7	managers	manager	NOUN
cjfa-18795	257	8	’	’	PART
cjfa-18795	257	9	perceptions	perception	NOUN
cjfa-18795	257	10	.	.	PUNCT
cjfa-18795	258	1	decision	decision	NOUN
cjfa-18795	258	2	,	,	PUNCT
cjfa-18795	258	3	21	21	NUM
cjfa-18795	258	4	(	(	PUNCT
cjfa-18795	258	5	1	1	NUM
cjfa-18795	258	6	&	&	CCONJ
cjfa-18795	258	7	2	2	NUM
cjfa-18795	258	8	)	)	PUNCT
cjfa-18795	258	9	,	,	PUNCT
cjfa-18795	258	10	67–86	67–86	NUM
cjfa-18795	258	11	.	.	PUNCT
cjfa-18795	259	1	brav	brav	PROPN
cjfa-18795	259	2	,	,	PUNCT
cjfa-18795	259	3	a.	a.	PROPN
cjfa-18795	259	4	,	,	PUNCT
cjfa-18795	259	5	graham	graham	PROPN
cjfa-18795	259	6	,	,	PUNCT
cjfa-18795	259	7	j.	j.	PROPN
cjfa-18795	259	8	,	,	PUNCT
cjfa-18795	259	9	harvey	harvey	PROPN
cjfa-18795	259	10	,	,	PUNCT
cjfa-18795	259	11	c.r	c.r	PROPN
cjfa-18795	259	12	.	.	PROPN
cjfa-18795	259	13	,	,	PUNCT
cjfa-18795	259	14	&	&	CCONJ
cjfa-18795	259	15	michaely	michaely	ADV
cjfa-18795	259	16	,	,	PUNCT
cjfa-18795	259	17	r.	r.	PROPN
cjfa-18795	259	18	(	(	PUNCT
cjfa-18795	259	19	2005	2005	NUM
cjfa-18795	259	20	)	)	PUNCT
cjfa-18795	259	21	payout	payout	NOUN
cjfa-18795	259	22	policy	policy	NOUN
cjfa-18795	259	23	in	in	ADP
cjfa-18795	259	24	the	the	DET
cjfa-18795	259	25	21st	21st	ADJ
cjfa-18795	259	26	century	century	NOUN
cjfa-18795	259	27	.	.	PUNCT
cjfa-18795	260	1	journal	journal	NOUN
cjfa-18795	260	2	of	of	ADP
cjfa-18795	260	3	financial	financial	ADJ
cjfa-18795	260	4	economics	economic	NOUN
cjfa-18795	260	5	,	,	PUNCT
cjfa-18795	260	6	77(3	77(3	NUM
cjfa-18795	260	7	)	)	PUNCT
cjfa-18795	260	8	,	,	PUNCT
cjfa-18795	260	9	483–528	483–528	NUM
cjfa-18795	260	10	.	.	PUNCT
cjfa-18795	261	1	collins	collins	PROPN
cjfa-18795	261	2	,	,	PUNCT
cjfa-18795	261	3	m.	m.	PROPN
cjfa-18795	261	4	c.	c.	PROPN
cjfa-18795	261	5	,	,	PUNCT
cjfa-18795	261	6	saxena	saxena	PROPN
cjfa-18795	261	7	,	,	PUNCT
cjfa-18795	261	8	a.	a.	PROPN
cjfa-18795	261	9	k.	k.	PROPN
cjfa-18795	261	10	and	and	CCONJ
cjfa-18795	261	11	wansley	wansley	PROPN
cjfa-18795	261	12	,	,	PUNCT
cjfa-18795	261	13	j.	j.	PROPN
cjfa-18795	261	14	w.	w.	PROPN
cjfa-18795	261	15	(	(	PUNCT
cjfa-18795	261	16	1996	1996	NUM
cjfa-18795	261	17	)	)	PUNCT
cjfa-18795	261	18	.	.	PUNCT
cjfa-18795	262	1	the	the	DET
cjfa-18795	262	2	role	role	NOUN
cjfa-18795	262	3	of	of	ADP
cjfa-18795	262	4	insiders	insider	NOUN
cjfa-18795	262	5	and	and	CCONJ
cjfa-18795	262	6	dividend	dividend	NOUN
cjfa-18795	262	7	policy	policy	NOUN
cjfa-18795	262	8	:	:	PUNCT
cjfa-18795	262	9	a	a	DET
cjfa-18795	262	10	comparison	comparison	NOUN
cjfa-18795	262	11	of	of	ADP
cjfa-18795	262	12	regulated	regulated	ADJ
cjfa-18795	262	13	and	and	CCONJ
cjfa-18795	262	14	unregulated	unregulated	ADJ
cjfa-18795	262	15	firms	firm	NOUN
cjfa-18795	262	16	.	.	PUNCT
cjfa-18795	263	1	journal	journal	NOUN
cjfa-18795	263	2	of	of	ADP
cjfa-18795	263	3	finance	finance	NOUN
cjfa-18795	263	4	and	and	CCONJ
cjfa-18795	263	5	strategic	strategic	ADJ
cjfa-18795	263	6	decisions	decision	NOUN
cjfa-18795	263	7	,	,	PUNCT
cjfa-18795	263	8	9(2	9(2	NUM
cjfa-18795	263	9	)	)	PUNCT
cjfa-18795	263	10	,	,	PUNCT
cjfa-18795	263	11	1–9	1–9	PROPN
cjfa-18795	263	12	.	.	PUNCT
cjfa-18795	263	13	deangelo	deangelo	PROPN
cjfa-18795	263	14	,	,	PUNCT
cjfa-18795	263	15	h.	h.	PROPN
cjfa-18795	263	16	,	,	PUNCT
cjfa-18795	263	17	deangelo	deangelo	PROPN
cjfa-18795	263	18	,	,	PUNCT
cjfa-18795	263	19	l.	l.	PROPN
cjfa-18795	263	20	,	,	PUNCT
cjfa-18795	263	21	&	&	CCONJ
cjfa-18795	263	22	skinner	skinner	PROPN
cjfa-18795	263	23	,	,	PUNCT
cjfa-18795	263	24	d.j	d.j	PROPN
cjfa-18795	263	25	.	.	PROPN
cjfa-18795	263	26	(	(	PUNCT
cjfa-18795	263	27	2004	2004	NUM
cjfa-18795	263	28	)	)	PUNCT
cjfa-18795	263	29	.	.	PUNCT
cjfa-18795	264	1	are	be	AUX
cjfa-18795	264	2	dividends	dividend	NOUN
cjfa-18795	264	3	disappearing	disappear	VERB
cjfa-18795	264	4	?	?	PUNCT
cjfa-18795	265	1	dividend	dividend	NOUN
cjfa-18795	265	2	concentration	concentration	NOUN
cjfa-18795	265	3	and	and	CCONJ
cjfa-18795	265	4	the	the	DET
cjfa-18795	265	5	consolidation	consolidation	NOUN
cjfa-18795	265	6	of	of	ADP
cjfa-18795	265	7	earnings	earning	NOUN
cjfa-18795	265	8	.	.	PUNCT
cjfa-18795	266	1	journal	journal	NOUN
cjfa-18795	266	2	of	of	ADP
cjfa-18795	266	3	financial	financial	ADJ
cjfa-18795	266	4	economics	economic	NOUN
cjfa-18795	266	5	.	.	PUNCT
cjfa-18795	267	1	72(3	72(3	NUM
cjfa-18795	267	2	)	)	PUNCT
cjfa-18795	267	3	,	,	PUNCT
cjfa-18795	267	4	425–456	425–456	NUM
cjfa-18795	267	5	.	.	PUNCT
cjfa-18795	268	1	dhemeja	dhemeja	PROPN
cjfa-18795	268	2	,	,	PUNCT
cjfa-18795	268	3	n.l	n.l	PROPN
cjfa-18795	268	4	.	.	PROPN
cjfa-18795	268	5	(	(	PUNCT
cjfa-18795	268	6	1976	1976	NUM
cjfa-18795	268	7	)	)	PUNCT
cjfa-18795	268	8	.	.	PUNCT
cjfa-18795	269	1	corporate	corporate	ADJ
cjfa-18795	269	2	dividend	dividend	NOUN
cjfa-18795	269	3	behaviour	behaviour	NOUN
cjfa-18795	269	4	with	with	ADP
cjfa-18795	269	5	special	special	ADJ
cjfa-18795	269	6	emphasis	emphasis	NOUN
cjfa-18795	269	7	on	on	ADP
cjfa-18795	269	8	growth	growth	NOUN
cjfa-18795	269	9	and	and	CCONJ
cjfa-18795	269	10	controlled	control	VERB
cjfa-18795	269	11	companies	company	NOUN
cjfa-18795	269	12	.	.	PUNCT
cjfa-18795	270	1	unpublished	unpublished	ADJ
cjfa-18795	270	2	doctoral	doctoral	ADJ
cjfa-18795	270	3	dissertation	dissertation	NOUN
cjfa-18795	270	4	,	,	PUNCT
cjfa-18795	270	5	iim	iim	NOUN
cjfa-18795	270	6	,	,	PUNCT
cjfa-18795	270	7	ahmedabad	ahmedabad	PROPN
cjfa-18795	270	8	,	,	PUNCT
cjfa-18795	270	9	india	india	PROPN
cjfa-18795	270	10	.	.	PUNCT
cjfa-18795	271	1	easterbrook	easterbrook	PROPN
cjfa-18795	271	2	,	,	PUNCT
cjfa-18795	271	3	f.h	f.h	PROPN
cjfa-18795	271	4	.	.	PROPN
cjfa-18795	271	5	(	(	PUNCT
cjfa-18795	271	6	1984	1984	NUM
cjfa-18795	271	7	)	)	PUNCT
cjfa-18795	271	8	.	.	PUNCT
cjfa-18795	272	1	two	two	NUM
cjfa-18795	272	2	agency	agency	NOUN
cjfa-18795	272	3	-	-	PUNCT
cjfa-18795	272	4	cost	cost	NOUN
cjfa-18795	272	5	explanations	explanation	NOUN
cjfa-18795	272	6	of	of	ADP
cjfa-18795	272	7	dividends	dividend	NOUN
cjfa-18795	272	8	.	.	PUNCT
cjfa-18795	273	1	american	american	PROPN
cjfa-18795	273	2	economic	economic	PROPN
cjfa-18795	273	3	review	review	PROPN
cjfa-18795	273	4	,	,	PUNCT
cjfa-18795	273	5	74(4	74(4	NUM
cjfa-18795	273	6	)	)	PUNCT
cjfa-18795	273	7	,	,	PUNCT
cjfa-18795	273	8	650–659	650–659	NUM
cjfa-18795	273	9	.	.	PUNCT
cjfa-18795	274	1	fama	fama	PROPN
cjfa-18795	274	2	,	,	PUNCT
cjfa-18795	274	3	e.	e.	PROPN
cjfa-18795	274	4	,	,	PUNCT
cjfa-18795	274	5	&	&	CCONJ
cjfa-18795	274	6	french	french	PROPN
cjfa-18795	274	7	,	,	PUNCT
cjfa-18795	274	8	k.	k.	PROPN
cjfa-18795	274	9	(	(	PUNCT
cjfa-18795	274	10	2001	2001	NUM
cjfa-18795	274	11	)	)	PUNCT
cjfa-18795	274	12	.	.	PUNCT
cjfa-18795	275	1	disappearing	disappear	VERB
cjfa-18795	275	2	dividends	dividend	NOUN
cjfa-18795	275	3	:	:	PUNCT
cjfa-18795	275	4	changing	change	VERB
cjfa-18795	275	5	firm	firm	ADJ
cjfa-18795	275	6	characteristics	characteristic	NOUN
cjfa-18795	275	7	or	or	CCONJ
cjfa-18795	275	8	lower	low	ADJ
cjfa-18795	275	9	propensity	propensity	NOUN
cjfa-18795	275	10	to	to	PART
cjfa-18795	275	11	pay	pay	VERB
cjfa-18795	275	12	?	?	PUNCT
cjfa-18795	275	13	journal	journal	NOUN
cjfa-18795	275	14	of	of	ADP
cjfa-18795	275	15	financial	financial	ADJ
cjfa-18795	275	16	economics	economic	NOUN
cjfa-18795	275	17	,	,	PUNCT
cjfa-18795	275	18	60(1	60(1	NUM
cjfa-18795	275	19	)	)	PUNCT
cjfa-18795	275	20	,	,	PUNCT
cjfa-18795	275	21	3–43	3–43	PROPN
cjfa-18795	275	22	.	.	PUNCT
cjfa-18795	276	1	farrelly	farrelly	PROPN
cjfa-18795	276	2	,	,	PUNCT
cjfa-18795	276	3	g.e	g.e	PROPN
cjfa-18795	276	4	.	.	PROPN
cjfa-18795	276	5	,	,	PUNCT
cjfa-18795	276	6	baker	baker	PROPN
cjfa-18795	276	7	,	,	PUNCT
cjfa-18795	276	8	k.h	k.h	PROPN
cjfa-18795	276	9	.	.	PROPN
cjfa-18795	276	10	,	,	PUNCT
cjfa-18795	276	11	&	&	CCONJ
cjfa-18795	276	12	edelman	edelman	PROPN
cjfa-18795	276	13	,	,	PUNCT
cjfa-18795	276	14	r.b	r.b	PROPN
cjfa-18795	276	15	.	.	PROPN
cjfa-18795	276	16	(	(	PUNCT
cjfa-18795	276	17	1986	1986	NUM
cjfa-18795	276	18	)	)	PUNCT
cjfa-18795	276	19	,	,	PUNCT
cjfa-18795	276	20	corporate	corporate	ADJ
cjfa-18795	276	21	dividends	dividend	NOUN
cjfa-18795	276	22	:	:	PUNCT
cjfa-18795	276	23	views	view	NOUN
cjfa-18795	276	24	of	of	ADP
cjfa-18795	276	25	the	the	DET
cjfa-18795	276	26	policy	policy	NOUN
cjfa-18795	276	27	makers	maker	NOUN
cjfa-18795	276	28	.	.	PUNCT
cjfa-18795	277	1	akron	akron	NOUN
cjfa-18795	277	2	business	business	PROPN
cjfa-18795	277	3	and	and	CCONJ
cjfa-18795	277	4	economic	economic	ADJ
cjfa-18795	277	5	review	review	NOUN
cjfa-18795	277	6	,	,	PUNCT
cjfa-18795	277	7	17(4	17(4	NUM
cjfa-18795	277	8	)	)	PUNCT
cjfa-18795	277	9	,	,	PUNCT
cjfa-18795	277	10	62–74	62–74	NUM
cjfa-18795	277	11	.	.	PUNCT
cjfa-18795	278	1	gordon	gordon	PROPN
cjfa-18795	278	2	,	,	PUNCT
cjfa-18795	278	3	m.j	m.j	PROPN
cjfa-18795	278	4	.	.	PROPN
cjfa-18795	278	5	(	(	PUNCT
cjfa-18795	278	6	1963	1963	NUM
cjfa-18795	278	7	)	)	PUNCT
cjfa-18795	278	8	.	.	PUNCT
cjfa-18795	279	1	optimal	optimal	ADJ
cjfa-18795	279	2	investment	investment	NOUN
cjfa-18795	279	3	and	and	CCONJ
cjfa-18795	279	4	financing	financing	NOUN
cjfa-18795	279	5	policy	policy	NOUN
cjfa-18795	279	6	.	.	PUNCT
cjfa-18795	280	1	journal	journal	PROPN
cjfa-18795	280	2	of	of	ADP
cjfa-18795	280	3	finance	finance	NOUN
cjfa-18795	280	4	,	,	PUNCT
cjfa-18795	280	5	18(2	18(2	NUM
cjfa-18795	280	6	)	)	PUNCT
cjfa-18795	280	7	,	,	PUNCT
cjfa-18795	280	8	264–272	264–272	NUM
cjfa-18795	280	9	.	.	PUNCT
cjfa-18795	281	1	gordon	gordon	PROPN
cjfa-18795	281	2	m.j	m.j	PROPN
cjfa-18795	281	3	.	.	PROPN
cjfa-18795	281	4	(	(	PUNCT
cjfa-18795	281	5	1962	1962	NUM
cjfa-18795	281	6	)	)	PUNCT
cjfa-18795	281	7	.	.	PUNCT
cjfa-18795	282	1	the	the	DET
cjfa-18795	282	2	savings	saving	NOUN
cjfa-18795	282	3	,	,	PUNCT
cjfa-18795	282	4	investment	investment	NOUN
cjfa-18795	282	5	and	and	CCONJ
cjfa-18795	282	6	valuation	valuation	NOUN
cjfa-18795	282	7	of	of	ADP
cjfa-18795	282	8	a	a	DET
cjfa-18795	282	9	corporation	corporation	NOUN
cjfa-18795	282	10	,	,	PUNCT
cjfa-18795	282	11	review	review	NOUN
cjfa-18795	282	12	of	of	ADP
cjfa-18795	282	13	economics	economic	NOUN
cjfa-18795	282	14	and	and	CCONJ
cjfa-18795	282	15	statistics	statistic	NOUN
cjfa-18795	282	16	,	,	PUNCT
cjfa-18795	282	17	44	44	NUM
cjfa-18795	282	18	,	,	PUNCT
cjfa-18795	282	19	37–51	37–51	NUM
cjfa-18795	282	20	.	.	PUNCT
cjfa-18795	282	21	dividend	dividend	NOUN
cjfa-18795	282	22	practices	practice	NOUN
cjfa-18795	282	23	in	in	ADP
cjfa-18795	282	24	listed	list	VERB
cjfa-18795	282	25	banks	bank	NOUN
cjfa-18795	282	26	of	of	ADP
cjfa-18795	282	27	bangladesh	bangladesh	PROPN
cjfa-18795	282	28	61	61	NUM
cjfa-18795	282	29	gugler	gugler	NOUN
cjfa-18795	282	30	,	,	PUNCT
cjfa-18795	282	31	k.	k.	PROPN
cjfa-18795	282	32	(	(	PUNCT
cjfa-18795	282	33	2003	2003	NUM
cjfa-18795	282	34	)	)	PUNCT
cjfa-18795	282	35	.	.	PUNCT
cjfa-18795	283	1	corporate	corporate	ADJ
cjfa-18795	283	2	governance	governance	NOUN
cjfa-18795	283	3	,	,	PUNCT
cjfa-18795	283	4	dividend	dividend	NOUN
cjfa-18795	283	5	payout	payout	NOUN
cjfa-18795	283	6	policy	policy	NOUN
cjfa-18795	283	7	,	,	PUNCT
cjfa-18795	283	8	and	and	CCONJ
cjfa-18795	283	9	the	the	DET
cjfa-18795	283	10	interrelation	interrelation	NOUN
cjfa-18795	283	11	between	between	ADP
cjfa-18795	283	12	dividends	dividend	NOUN
cjfa-18795	283	13	,	,	PUNCT
cjfa-18795	283	14	r&d	r&d	NOUN
cjfa-18795	283	15	,	,	PUNCT
cjfa-18795	283	16	and	and	CCONJ
cjfa-18795	283	17	capital	capital	NOUN
cjfa-18795	283	18	investment	investment	NOUN
cjfa-18795	283	19	,	,	PUNCT
cjfa-18795	283	20	journal	journal	NOUN
cjfa-18795	283	21	of	of	ADP
cjfa-18795	283	22	banking	banking	NOUN
cjfa-18795	283	23	and	and	CCONJ
cjfa-18795	283	24	finance	finance	NOUN
cjfa-18795	283	25	,	,	PUNCT
cjfa-18795	283	26	27(7	27(7	NUM
cjfa-18795	283	27	)	)	PUNCT
cjfa-18795	283	28	,	,	PUNCT
cjfa-18795	283	29	1297–1321	1297–1321	NUM
cjfa-18795	283	30	.	.	PUNCT
cjfa-18795	284	1	gordon	gordon	PROPN
cjfa-18795	284	2	,	,	PUNCT
cjfa-18795	284	3	m.j	m.j	PROPN
cjfa-18795	284	4	.	.	PROPN
cjfa-18795	284	5	,	,	PUNCT
cjfa-18795	284	6	&	&	CCONJ
cjfa-18795	284	7	shapiro	shapiro	PROPN
cjfa-18795	284	8	,	,	PUNCT
cjfa-18795	284	9	e.	e.	PROPN
cjfa-18795	284	10	(	(	PUNCT
cjfa-18795	284	11	1956	1956	NUM
cjfa-18795	284	12	)	)	PUNCT
cjfa-18795	284	13	.	.	PUNCT
cjfa-18795	285	1	capital	capital	NOUN
cjfa-18795	285	2	equipment	equipment	NOUN
cjfa-18795	285	3	analysis	analysis	NOUN
cjfa-18795	285	4	:	:	PUNCT
cjfa-18795	285	5	the	the	DET
cjfa-18795	285	6	required	require	VERB
cjfa-18795	285	7	rate	rate	NOUN
cjfa-18795	285	8	of	of	ADP
cjfa-18795	285	9	profit	profit	NOUN
cjfa-18795	285	10	,	,	PUNCT
cjfa-18795	285	11	management	management	NOUN
cjfa-18795	285	12	science	science	NOUN
cjfa-18795	285	13	,	,	PUNCT
cjfa-18795	285	14	3(1	3(1	NUM
cjfa-18795	285	15	)	)	PUNCT
cjfa-18795	285	16	,	,	PUNCT
cjfa-18795	285	17	102–110	102–110	NUM
cjfa-18795	285	18	.	.	PUNCT
cjfa-18795	286	1	gupta	gupta	PROPN
cjfa-18795	286	2	,	,	PUNCT
cjfa-18795	286	3	a.	a.	NOUN
cjfa-18795	286	4	(	(	PUNCT
cjfa-18795	286	5	1999	1999	NUM
cjfa-18795	286	6	)	)	PUNCT
cjfa-18795	286	7	.	.	PUNCT
cjfa-18795	287	1	dividend	dividend	NOUN
cjfa-18795	287	2	policy	policy	NOUN
cjfa-18795	287	3	in	in	ADP
cjfa-18795	287	4	mnc	mnc	PROPN
cjfa-18795	287	5	-	-	PUNCT
cjfa-18795	287	6	owned	own	VERB
cjfa-18795	287	7	indian	indian	ADJ
cjfa-18795	287	8	subsidiaries	subsidiary	NOUN
cjfa-18795	287	9	a	a	DET
cjfa-18795	287	10	post-1994	post-1994	ADJ
cjfa-18795	287	11	study	study	NOUN
cjfa-18795	287	12	with	with	ADP
cjfa-18795	287	13	reference	reference	NOUN
cjfa-18795	287	14	to	to	ADP
cjfa-18795	287	15	selected	select	VERB
cjfa-18795	287	16	companies	company	NOUN
cjfa-18795	287	17	.	.	PUNCT
cjfa-18795	288	1	indian	indian	ADJ
cjfa-18795	288	2	accounting	accounting	PROPN
cjfa-18795	288	3	review	review	PROPN
cjfa-18795	288	4	,	,	PUNCT
cjfa-18795	288	5	3(1	3(1	NUM
cjfa-18795	288	6	)	)	PUNCT
cjfa-18795	288	7	.	.	PUNCT
cjfa-18795	289	1	huda	huda	PROPN
cjfa-18795	289	2	,	,	PUNCT
cjfa-18795	289	3	f.	f.	PROPN
cjfa-18795	289	4	,	,	PUNCT
cjfa-18795	289	5	&	&	CCONJ
cjfa-18795	289	6	farah	farah	PROPN
cjfa-18795	289	7	,	,	PUNCT
cjfa-18795	289	8	t.	t.	PROPN
cjfa-18795	289	9	(	(	PUNCT
cjfa-18795	289	10	2011	2011	NUM
cjfa-18795	289	11	)	)	PUNCT
cjfa-18795	289	12	.	.	PUNCT
cjfa-18795	290	1	determinants	determinant	NOUN
cjfa-18795	290	2	of	of	ADP
cjfa-18795	290	3	dividend	dividend	NOUN
cjfa-18795	290	4	decision	decision	NOUN
cjfa-18795	290	5	:	:	PUNCT
cjfa-18795	290	6	a	a	DET
cjfa-18795	290	7	focus	focus	NOUN
cjfa-18795	290	8	on	on	ADP
cjfa-18795	290	9	banking	banking	NOUN
cjfa-18795	290	10	sector	sector	NOUN
cjfa-18795	290	11	in	in	ADP
cjfa-18795	290	12	bangladesh	bangladesh	PROPN
cjfa-18795	290	13	.	.	PUNCT
cjfa-18795	291	1	international	international	ADJ
cjfa-18795	291	2	research	research	PROPN
cjfa-18795	291	3	journal	journal	NOUN
cjfa-18795	291	4	of	of	ADP
cjfa-18795	291	5	finance	finance	NOUN
cjfa-18795	291	6	and	and	CCONJ
cjfa-18795	291	7	economics	economic	NOUN
cjfa-18795	291	8	,	,	PUNCT
cjfa-18795	291	9	77(1	77(1	NUM
cjfa-18795	291	10	)	)	PUNCT
cjfa-18795	291	11	.	.	PUNCT
cjfa-18795	292	1	jensen	jensen	PROPN
cjfa-18795	292	2	,	,	PUNCT
cjfa-18795	292	3	m.	m.	NOUN
cjfa-18795	292	4	,	,	PUNCT
cjfa-18795	292	5	&	&	CCONJ
cjfa-18795	292	6	meckling	meckling	PROPN
cjfa-18795	292	7	,	,	PUNCT
cjfa-18795	292	8	w.	w.	NOUN
cjfa-18795	292	9	(	(	PUNCT
cjfa-18795	292	10	1976	1976	NUM
cjfa-18795	292	11	)	)	PUNCT
cjfa-18795	292	12	.	.	PUNCT
cjfa-18795	293	1	theory	theory	NOUN
cjfa-18795	293	2	managerial	managerial	ADJ
cjfa-18795	293	3	behaviours	behaviour	NOUN
cjfa-18795	293	4	,	,	PUNCT
cjfa-18795	293	5	agency	agency	NOUN
cjfa-18795	293	6	cost	cost	NOUN
cjfa-18795	293	7	and	and	CCONJ
cjfa-18795	293	8	ownership	ownership	NOUN
cjfa-18795	293	9	structure	structure	NOUN
cjfa-18795	293	10	.	.	PUNCT
cjfa-18795	294	1	journal	journal	NOUN
cjfa-18795	294	2	of	of	ADP
cjfa-18795	294	3	financial	financial	ADJ
cjfa-18795	294	4	economics	economic	NOUN
cjfa-18795	294	5	,	,	PUNCT
cjfa-18795	294	6	3	3	NUM
cjfa-18795	294	7	,	,	PUNCT
cjfa-18795	294	8	305–306	305–306	NUM
cjfa-18795	294	9	.	.	PUNCT
cjfa-18795	295	1	jensen	jensen	PROPN
cjfa-18795	295	2	,	,	PUNCT
cjfa-18795	295	3	m.	m.	NOUN
cjfa-18795	295	4	(	(	PUNCT
cjfa-18795	295	5	1986	1986	NUM
cjfa-18795	295	6	)	)	PUNCT
cjfa-18795	295	7	.	.	PUNCT
cjfa-18795	296	1	agency	agency	NOUN
cjfa-18795	296	2	costs	cost	NOUN
cjfa-18795	296	3	of	of	ADP
cjfa-18795	296	4	free	free	ADJ
cjfa-18795	296	5	cash	cash	NOUN
cjfa-18795	296	6	flow	flow	NOUN
cjfa-18795	296	7	,	,	PUNCT
cjfa-18795	296	8	corporate	corporate	ADJ
cjfa-18795	296	9	finance	finance	NOUN
cjfa-18795	296	10	,	,	PUNCT
cjfa-18795	296	11	and	and	CCONJ
cjfa-18795	296	12	takeovers	takeover	NOUN
cjfa-18795	296	13	.	.	PUNCT
cjfa-18795	297	1	american	american	PROPN
cjfa-18795	297	2	economic	economic	PROPN
cjfa-18795	297	3	review	review	PROPN
cjfa-18795	297	4	,	,	PUNCT
cjfa-18795	297	5	76	76	NUM
cjfa-18795	297	6	,	,	PUNCT
cjfa-18795	297	7	323–329	323–329	NUM
cjfa-18795	297	8	.	.	PUNCT
cjfa-18795	298	1	knight	knight	PROPN
cjfa-18795	298	2	,	,	PUNCT
cjfa-18795	298	3	f.h	f.h	PROPN
cjfa-18795	298	4	.	.	PROPN
cjfa-18795	298	5	(	(	PUNCT
cjfa-18795	298	6	1921	1921	NUM
cjfa-18795	298	7	)	)	PUNCT
cjfa-18795	298	8	.	.	PUNCT
cjfa-18795	299	1	risk	risk	NOUN
cjfa-18795	299	2	,	,	PUNCT
cjfa-18795	299	3	uncertainty	uncertainty	NOUN
cjfa-18795	299	4	,	,	PUNCT
cjfa-18795	299	5	and	and	CCONJ
cjfa-18795	299	6	profit	profit	NOUN
cjfa-18795	299	7	.	.	PUNCT
cjfa-18795	300	1	new	new	PROPN
cjfa-18795	300	2	york	york	PROPN
cjfa-18795	300	3	:	:	PUNCT
cjfa-18795	300	4	hart	hart	PROPN
cjfa-18795	300	5	,	,	PUNCT
cjfa-18795	300	6	schaffner	schaffner	ADV
cjfa-18795	300	7	,	,	PUNCT
cjfa-18795	300	8	and	and	CCONJ
cjfa-18795	300	9	mary	mary	PROPN
cjfa-18795	300	10	.	.	PROPN
cjfa-18795	300	11	lintner	lintner	PROPN
cjfa-18795	300	12	,	,	PUNCT
cjfa-18795	300	13	j.	j.	PROPN
cjfa-18795	300	14	(	(	PUNCT
cjfa-18795	300	15	1956	1956	NUM
cjfa-18795	300	16	)	)	PUNCT
cjfa-18795	300	17	.	.	PUNCT
cjfa-18795	301	1	distribution	distribution	NOUN
cjfa-18795	301	2	of	of	ADP
cjfa-18795	301	3	incomes	income	NOUN
cjfa-18795	301	4	of	of	ADP
cjfa-18795	301	5	corporations	corporation	NOUN
cjfa-18795	301	6	among	among	ADP
cjfa-18795	301	7	dividends	dividend	NOUN
cjfa-18795	301	8	,	,	PUNCT
cjfa-18795	301	9	retained	retain	VERB
cjfa-18795	301	10	earnings	earning	NOUN
cjfa-18795	301	11	,	,	PUNCT
cjfa-18795	301	12	and	and	CCONJ
cjfa-18795	301	13	taxes	taxis	NOUN
cjfa-18795	301	14	.	.	PUNCT
cjfa-18795	302	1	american	american	PROPN
cjfa-18795	302	2	economic	economic	PROPN
cjfa-18795	302	3	review	review	PROPN
cjfa-18795	302	4	,	,	PUNCT
cjfa-18795	302	5	46	46	NUM
cjfa-18795	302	6	,	,	PUNCT
cjfa-18795	302	7	97–113	97–113	PROPN
cjfa-18795	302	8	.	.	PUNCT
cjfa-18795	303	1	la	la	PROPN
cjfa-18795	303	2	porta	porta	PROPN
cjfa-18795	303	3	,	,	PUNCT
cjfa-18795	303	4	r.	r.	PROPN
cjfa-18795	303	5	,	,	PUNCT
cjfa-18795	303	6	lopez	lopez	NOUN
cjfa-18795	303	7	-	-	PUNCT
cjfa-18795	303	8	de	de	NOUN
cjfa-18795	303	9	-	-	NOUN
cjfa-18795	303	10	silanes	silanes	PROPN
cjfa-18795	303	11	,	,	PUNCT
cjfa-18795	303	12	f.	f.	PROPN
cjfa-18795	303	13	,	,	PUNCT
cjfa-18795	303	14	shleifer	shleifer	PROPN
cjfa-18795	303	15	,	,	PUNCT
cjfa-18795	303	16	a.	a.	PROPN
cjfa-18795	303	17	,	,	PUNCT
cjfa-18795	303	18	&	&	CCONJ
cjfa-18795	303	19	vishny	vishny	PROPN
cjfa-18795	303	20	,	,	PUNCT
cjfa-18795	303	21	r.	r.	PROPN
cjfa-18795	303	22	(	(	PUNCT
cjfa-18795	303	23	2000	2000	NUM
cjfa-18795	303	24	)	)	PUNCT
cjfa-18795	303	25	.	.	PUNCT
cjfa-18795	304	1	agency	agency	NOUN
cjfa-18795	304	2	problems	problem	NOUN
cjfa-18795	304	3	and	and	CCONJ
cjfa-18795	304	4	dividend	dividend	NOUN
cjfa-18795	304	5	policies	policy	NOUN
cjfa-18795	304	6	around	around	ADP
cjfa-18795	304	7	the	the	DET
cjfa-18795	304	8	world	world	NOUN
cjfa-18795	304	9	.	.	PUNCT
cjfa-18795	305	1	journal	journal	PROPN
cjfa-18795	305	2	of	of	ADP
cjfa-18795	305	3	finance	finance	NOUN
cjfa-18795	305	4	,	,	PUNCT
cjfa-18795	305	5	55	55	NUM
cjfa-18795	305	6	,	,	PUNCT
cjfa-18795	305	7	1–33	1–33	PROPN
cjfa-18795	305	8	.	.	PUNCT
cjfa-18795	306	1	miller	miller	PROPN
cjfa-18795	306	2	,	,	PUNCT
cjfa-18795	306	3	m.	m.	NOUN
cjfa-18795	306	4	,	,	PUNCT
cjfa-18795	306	5	&	&	CCONJ
cjfa-18795	306	6	modigliani	modigliani	PROPN
cjfa-18795	306	7	,	,	PUNCT
cjfa-18795	306	8	f.	f.	PROPN
cjfa-18795	306	9	(	(	PUNCT
cjfa-18795	306	10	1961	1961	NUM
cjfa-18795	306	11	)	)	PUNCT
cjfa-18795	306	12	.	.	PUNCT
cjfa-18795	307	1	dividend	dividend	NOUN
cjfa-18795	307	2	policy	policy	NOUN
cjfa-18795	307	3	,	,	PUNCT
cjfa-18795	307	4	growth	growth	NOUN
cjfa-18795	307	5	and	and	CCONJ
cjfa-18795	307	6	valuation	valuation	NOUN
cjfa-18795	307	7	of	of	ADP
cjfa-18795	307	8	shares	share	NOUN
cjfa-18795	307	9	.	.	PUNCT
cjfa-18795	308	1	journal	journal	NOUN
cjfa-18795	308	2	of	of	ADP
cjfa-18795	308	3	business	business	NOUN
cjfa-18795	308	4	,	,	PUNCT
cjfa-18795	308	5	34	34	NUM
cjfa-18795	308	6	,	,	PUNCT
cjfa-18795	308	7	411–413	411–413	NUM
cjfa-18795	308	8	.	.	PUNCT
cjfa-18795	309	1	mueller	mueller	PROPN
cjfa-18795	309	2	,	,	PUNCT
cjfa-18795	309	3	d.c	d.c	PROPN
cjfa-18795	309	4	.	.	PUNCT
cjfa-18795	309	5	(	(	PUNCT
cjfa-18795	309	6	1972	1972	NUM
cjfa-18795	309	7	)	)	PUNCT
cjfa-18795	309	8	.	.	PUNCT
cjfa-18795	310	1	a	a	DET
cjfa-18795	310	2	life	life	NOUN
cjfa-18795	310	3	cycle	cycle	NOUN
cjfa-18795	310	4	theory	theory	NOUN
cjfa-18795	310	5	of	of	ADP
cjfa-18795	310	6	the	the	DET
cjfa-18795	310	7	firm	firm	NOUN
cjfa-18795	310	8	,	,	PUNCT
cjfa-18795	310	9	journal	journal	NOUN
cjfa-18795	310	10	of	of	ADP
cjfa-18795	310	11	industrial	industrial	ADJ
cjfa-18795	310	12	economics	economic	NOUN
cjfa-18795	310	13	,	,	PUNCT
cjfa-18795	310	14	20(3	20(3	NOUN
cjfa-18795	310	15	)	)	PUNCT
cjfa-18795	310	16	,	,	PUNCT
cjfa-18795	310	17	199–219	199–219	NUM
cjfa-18795	310	18	.	.	PUNCT
cjfa-18795	311	1	oza	oza	PROPN
cjfa-18795	311	2	,	,	PUNCT
cjfa-18795	311	3	h.s	h.s	PROPN
cjfa-18795	311	4	.	.	PROPN
cjfa-18795	311	5	(	(	PUNCT
cjfa-18795	311	6	2004	2004	NUM
cjfa-18795	311	7	)	)	PUNCT
cjfa-18795	311	8	.	.	PUNCT
cjfa-18795	312	1	dividend	dividend	NOUN
cjfa-18795	312	2	decision	decision	NOUN
cjfa-18795	312	3	:	:	PUNCT
cjfa-18795	312	4	a	a	DET
cjfa-18795	312	5	managerial	managerial	ADJ
cjfa-18795	312	6	approach	approach	NOUN
cjfa-18795	312	7	[	[	X
cjfa-18795	312	8	a	a	DET
cjfa-18795	312	9	study	study	NOUN
cjfa-18795	312	10	of	of	ADP
cjfa-18795	312	11	selected	select	VERB
cjfa-18795	312	12	enterprises].executive	enterprises].executive	NUM
cjfa-18795	312	13	chartered	chartered	ADJ
cjfa-18795	312	14	secretary	secretary	NOUN
cjfa-18795	312	15	,	,	PUNCT
cjfa-18795	312	16	november	november	PROPN
cjfa-18795	312	17	,	,	PUNCT
cjfa-18795	312	18	40–46	40–46	NUM
cjfa-18795	312	19	.	.	PUNCT
cjfa-18795	313	1	rozeff	rozeff	PROPN
cjfa-18795	313	2	,	,	PUNCT
cjfa-18795	313	3	m.s	m.s	PROPN
cjfa-18795	313	4	.	.	PROPN
cjfa-18795	313	5	(	(	PUNCT
cjfa-18795	313	6	1982	1982	NUM
cjfa-18795	313	7	)	)	PUNCT
cjfa-18795	313	8	.	.	PUNCT
cjfa-18795	314	1	growth	growth	NOUN
cjfa-18795	314	2	,	,	PUNCT
cjfa-18795	314	3	beta	beta	NOUN
cjfa-18795	314	4	and	and	CCONJ
cjfa-18795	314	5	agency	agency	NOUN
cjfa-18795	314	6	costs	cost	NOUN
cjfa-18795	314	7	as	as	ADP
cjfa-18795	314	8	determinants	determinant	NOUN
cjfa-18795	314	9	of	of	ADP
cjfa-18795	314	10	dividend	dividend	NOUN
cjfa-18795	314	11	payout	payout	NOUN
cjfa-18795	314	12	ratios	ratio	NOUN
cjfa-18795	314	13	.	.	PUNCT
cjfa-18795	315	1	journal	journal	NOUN
cjfa-18795	315	2	of	of	ADP
cjfa-18795	315	3	financial	financial	ADJ
cjfa-18795	315	4	research	research	NOUN
cjfa-18795	315	5	,	,	PUNCT
cjfa-18795	315	6	5(3	5(3	NUM
cjfa-18795	315	7	)	)	PUNCT
cjfa-18795	315	8	,	,	PUNCT
cjfa-18795	315	9	249–259	249–259	NUM
cjfa-18795	315	10	.	.	PUNCT
cjfa-18795	316	1	spence	spence	NOUN
cjfa-18795	316	2	,	,	PUNCT
cjfa-18795	316	3	m.	m.	NOUN
cjfa-18795	316	4	(	(	PUNCT
cjfa-18795	316	5	1973	1973	NUM
cjfa-18795	316	6	)	)	PUNCT
cjfa-18795	316	7	.	.	PUNCT
cjfa-18795	317	1	job	job	NOUN
cjfa-18795	317	2	marketing	marketing	NOUN
cjfa-18795	317	3	signaling	signal	VERB
cjfa-18795	317	4	.	.	PUNCT
cjfa-18795	318	1	the	the	DET
cjfa-18795	318	2	quarterly	quarterly	ADJ
cjfa-18795	318	3	journal	journal	NOUN
cjfa-18795	318	4	of	of	ADP
cjfa-18795	318	5	economics	economic	NOUN
cjfa-18795	318	6	,	,	PUNCT
cjfa-18795	318	7	87(3	87(3	NUM
cjfa-18795	318	8	)	)	PUNCT
cjfa-18795	318	9	,	,	PUNCT
cjfa-18795	318	10	355–374	355–374	NUM
cjfa-18795	318	11	.	.	PUNCT
cjfa-18795	319	1	spence	spence	PROPN
cjfa-18795	319	2	m.	m.	PROPN
cjfa-18795	319	3	,	,	PUNCT
cjfa-18795	319	4	(	(	PUNCT
cjfa-18795	319	5	1974	1974	NUM
cjfa-18795	319	6	)	)	PUNCT
cjfa-18795	319	7	.	.	PUNCT
cjfa-18795	320	1	competitive	competitive	ADJ
cjfa-18795	320	2	and	and	CCONJ
cjfa-18795	320	3	optimal	optimal	ADJ
cjfa-18795	320	4	responses	response	NOUN
cjfa-18795	320	5	to	to	ADP
cjfa-18795	320	6	signals	signal	NOUN
cjfa-18795	320	7	:	:	PUNCT
cjfa-18795	320	8	an	an	DET
cjfa-18795	320	9	analysis	analysis	NOUN
cjfa-18795	320	10	of	of	ADP
cjfa-18795	320	11	efficiency	efficiency	NOUN
cjfa-18795	320	12	and	and	CCONJ
cjfa-18795	320	13	distribution	distribution	NOUN
cjfa-18795	320	14	,	,	PUNCT
cjfa-18795	320	15	journal	journal	NOUN
cjfa-18795	320	16	of	of	ADP
cjfa-18795	320	17	economic	economic	ADJ
cjfa-18795	320	18	theory	theory	NOUN
cjfa-18795	320	19	,	,	PUNCT
cjfa-18795	320	20	7(3	7(3	NUM
cjfa-18795	320	21	)	)	PUNCT
cjfa-18795	320	22	,	,	PUNCT
cjfa-18795	320	23	296–333	296–333	NUM
cjfa-18795	320	24	.	.	PUNCT
cjfa-18795	321	1	schumpeter	schumpeter	NOUN
cjfa-18795	321	2	,	,	PUNCT
cjfa-18795	321	3	j.a	j.a	PROPN
cjfa-18795	321	4	.	.	PROPN
cjfa-18795	321	5	(	(	PUNCT
cjfa-18795	321	6	1934	1934	NUM
cjfa-18795	321	7	)	)	PUNCT
cjfa-18795	321	8	.	.	PUNCT
cjfa-18795	322	1	the	the	DET
cjfa-18795	322	2	theory	theory	NOUN
cjfa-18795	322	3	of	of	ADP
cjfa-18795	322	4	economic	economic	ADJ
cjfa-18795	322	5	development	development	NOUN
cjfa-18795	322	6	.	.	PUNCT
cjfa-18795	323	1	cambridge	cambridge	PROPN
cjfa-18795	323	2	:	:	PUNCT
cjfa-18795	323	3	harvard	harvard	PROPN
cjfa-18795	323	4	university	university	PROPN
cjfa-18795	323	5	press	press	NOUN
cjfa-18795	323	6	.	.	PUNCT
cjfa-18795	324	1	walter	walter	PROPN
cjfa-18795	324	2	,	,	PUNCT
cjfa-18795	324	3	j.e	j.e	PROPN
cjfa-18795	324	4	.	.	PROPN
cjfa-18795	324	5	(	(	PUNCT
cjfa-18795	324	6	1963	1963	NUM
cjfa-18795	324	7	)	)	PUNCT
cjfa-18795	324	8	.	.	PUNCT
cjfa-18795	325	1	dividend	dividend	NOUN
cjfa-18795	325	2	policy	policy	NOUN
cjfa-18795	325	3	:	:	PUNCT
cjfa-18795	325	4	its	its	PRON
cjfa-18795	325	5	influence	influence	NOUN
cjfa-18795	325	6	on	on	ADP
cjfa-18795	325	7	the	the	DET
cjfa-18795	325	8	value	value	NOUN
cjfa-18795	325	9	of	of	ADP
cjfa-18795	325	10	the	the	DET
cjfa-18795	325	11	enterprise	enterprise	NOUN
cjfa-18795	325	12	.	.	PUNCT
cjfa-18795	326	1	journal	journal	NOUN
cjfa-18795	326	2	of	of	ADP
cjfa-18795	326	3	finance	finance	NOUN
cjfa-18795	326	4	,	,	PUNCT
cjfa-18795	326	5	18(2	18(2	NUM
cjfa-18795	326	6	)	)	PUNCT
cjfa-18795	326	7	,	,	PUNCT
cjfa-18795	326	8	270–291	270–291	NUM
cjfa-18795	326	9	.	.	PUNCT
cjfa-18795	326	10	zaman	zaman	PROPN
cjfa-18795	326	11	,	,	PUNCT
cjfa-18795	326	12	s.	s.	PROPN
cjfa-18795	326	13	(	(	PUNCT
cjfa-18795	326	14	2013	2013	NUM
cjfa-18795	326	15	)	)	PUNCT
cjfa-18795	326	16	.	.	PUNCT
cjfa-18795	327	1	determinants	determinant	NOUN
cjfa-18795	327	2	of	of	ADP
cjfa-18795	327	3	dividend	dividend	NOUN
cjfa-18795	327	4	policy	policy	NOUN
cjfa-18795	327	5	of	of	ADP
cjfa-18795	327	6	a	a	DET
cjfa-18795	327	7	private	private	ADJ
cjfa-18795	327	8	commercial	commercial	ADJ
cjfa-18795	327	9	bank	bank	NOUN
cjfa-18795	327	10	in	in	ADP
cjfa-18795	327	11	bangladesh	bangladesh	PROPN
cjfa-18795	327	12	:	:	PUNCT
cjfa-18795	327	13	which	which	PRON
cjfa-18795	327	14	is	be	AUX
cjfa-18795	327	15	the	the	DET
cjfa-18795	327	16	strongest	strong	ADJ
cjfa-18795	327	17	,	,	PUNCT
cjfa-18795	327	18	profitability	profitability	NOUN
cjfa-18795	327	19	,	,	PUNCT
cjfa-18795	327	20	growth	growth	NOUN
cjfa-18795	327	21	or	or	CCONJ
cjfa-18795	327	22	size	size	NOUN
cjfa-18795	327	23	?	?	PUNCT
cjfa-18795	328	1	in	in	ADP
cjfa-18795	328	2	m.h	m.h	PROPN
cjfa-18795	328	3	.	.	PROPN
cjfa-18795	328	4	bhuiyan	bhuiyan	PROPN
cjfa-18795	328	5	(	(	PUNCT
cjfa-18795	328	6	ed	ed	NOUN
cjfa-18795	328	7	.	.	PUNCT
cjfa-18795	328	8	)	)	PUNCT
cjfa-18795	328	9	.	.	PUNCT
cjfa-18795	329	1	proceedings	proceeding	NOUN
cjfa-18795	329	2	of	of	ADP
cjfa-18795	329	3	9th	9th	ADJ
cjfa-18795	329	4	asian	asian	ADJ
cjfa-18795	329	5	business	business	NOUN
cjfa-18795	329	6	research	research	NOUN
cjfa-18795	329	7	conference	conference	NOUN
cjfa-18795	329	8	.	.	PUNCT
cjfa-18795	330	1	dhaka	dhaka	PROPN
cjfa-18795	330	2	:	:	PUNCT
cjfa-18795	330	3	biam	biam	PROPN
cjfa-18795	330	4	foundation	foundation	PROPN
cjfa-18795	330	5	.	.	PUNCT