id	sid	tid	token	lemma	pos
cjfa-3240	1	1	copernican	copernican	PROPN
cjfa-3240	1	2	journal	journal	PROPN
cjfa-3240	1	3	of	of	ADP
cjfa-3240	1	4	finance	finance	PROPN
cjfa-3240	1	5	&	&	CCONJ
cjfa-3240	1	6	accounting	accounting	PROPN
cjfa-3240	1	7	e	e	PROPN
cjfa-3240	1	8	-	-	PROPN
cjfa-3240	1	9	issn	issn	PROPN
cjfa-3240	1	10	2300	2300	NUM
cjfa-3240	1	11	-	-	SYM
cjfa-3240	1	12	3065	3065	NUM
cjfa-3240	1	13	p	p	PROPN
cjfa-3240	1	14	-	-	PUNCT
cjfa-3240	1	15	issn	issn	PROPN
cjfa-3240	1	16	2300	2300	NUM
cjfa-3240	1	17	-	-	SYM
cjfa-3240	1	18	1240	1240	NUM
cjfa-3240	1	19	data	datum	NOUN
cjfa-3240	1	20	wpłynięcia	wpłynięcia	NOUN
cjfa-3240	1	21	:	:	PUNCT
cjfa-3240	1	22	04.12.2013	04.12.2013	PROPN
cjfa-3240	1	23	;	;	PUNCT
cjfa-3240	1	24	data	data	NOUN
cjfa-3240	1	25	zaakceptowania	zaakceptowania	PROPN
cjfa-3240	1	26	:	:	PUNCT
cjfa-3240	1	27	16.12.2013	16.12.2013	NUM
cjfa-3240	1	28	.	.	PUNCT
cjfa-3240	2	1	*	*	PUNCT
cjfa-3240	2	2	 	 	SPACE
cjfa-3240	2	3	dane	dane	NOUN
cjfa-3240	2	4	kontaktowe	kontaktowe	PROPN
cjfa-3240	2	5	:	:	PUNCT
cjfa-3240	2	6	elena.merino@uclm.es	elena.merino@uclm.es	NOUN
cjfa-3240	2	7	,	,	PUNCT
cjfa-3240	2	8	montserrat.mlizano@uclm.es	montserrat.mlizano@uclm.es	NOUN
cjfa-3240	2	9	,	,	PUNCT
cjfa-3240	2	10	albamaria.priego@uclm.es	albamaria.priego@uclm.es	NOUN
cjfa-3240	2	11	,	,	PUNCT
cjfa-3240	2	12	faculty	faculty	NOUN
cjfa-3240	2	13	of	of	ADP
cjfa-3240	2	14	law	law	NOUN
cjfa-3240	2	15	and	and	CCONJ
cjfa-3240	2	16	social	social	ADJ
cjfa-3240	2	17	sciencies	sciencie	NOUN
cjfa-3240	2	18	,	,	PUNCT
cjfa-3240	2	19	ronda	ronda	PROPN
cjfa-3240	2	20	de	de	PROPN
cjfa-3240	2	21	toledo	toledo	PROPN
cjfa-3240	2	22	,	,	PUNCT
cjfa-3240	2	23	s	s	PROPN
cjfa-3240	2	24	/	/	SYM
cjfa-3240	2	25	n	n	CCONJ
cjfa-3240	2	26	,	,	PUNCT
cjfa-3240	2	27	13071	13071	NUM
cjfa-3240	2	28	ciudad	ciudad	NOUN
cjfa-3240	2	29	real	real	ADJ
cjfa-3240	2	30	(	(	PUNCT
cjfa-3240	2	31	spain	spain	PROPN
cjfa-3240	2	32	)	)	PUNCT
cjfa-3240	2	33	,	,	PUNCT
cjfa-3240	2	34	tel	tel	PROPN
cjfa-3240	2	35	.	.	PROPN
cjfa-3240	2	36	00	00	NUM
cjfa-3240	3	1	34	34	NUM
cjfa-3240	3	2	926	926	NUM
cjfa-3240	3	3	295	295	NUM
cjfa-3240	3	4	300	300	NUM
cjfa-3240	3	5	fax	fax	NOUN
cjfa-3240	3	6	:	:	PUNCT
cjfa-3240	3	7	00	00	NUM
cjfa-3240	3	8	34	34	NUM
cjfa-3240	3	9	926	926	NUM
cjfa-3240	3	10	295	295	NUM
cjfa-3240	3	11	407	407	NUM
cjfa-3240	3	12	.	.	PUNCT
cjfa-3240	4	1	doi	doi	NOUN
cjfa-3240	4	2	:	:	PUNCT
cjfa-3240	4	3	10.12775	10.12775	NUM
cjfa-3240	4	4	/	/	SYM
cjfa-3240	4	5	cjfa.2013.0202013	cjfa.2013.0202013	NOUN
cjfa-3240	4	6	,	,	PUNCT
cjfa-3240	4	7	volume	volume	NOUN
cjfa-3240	4	8	2	2	NUM
cjfa-3240	4	9	,	,	PUNCT
cjfa-3240	4	10	issue	issue	NOUN
cjfa-3240	4	11	2	2	NUM
cjfa-3240	4	12	elena	elena	NOUN
cjfa-3240	4	13	merino	merino	NOUN
cjfa-3240	4	14	*	*	PUNCT
cjfa-3240	4	15	,	,	PUNCT
cjfa-3240	4	16	montserrat	montserrat	PROPN
cjfa-3240	4	17	manzaneque	manzaneque	PROPN
cjfa-3240	4	18	,	,	PUNCT
cjfa-3240	4	19	alba	alba	NOUN
cjfa-3240	4	20	mª	mª	PROPN
cjfa-3240	4	21	priego	priego	ADJ
cjfa-3240	4	22	departament	departament	NOUN
cjfa-3240	4	23	of	of	ADP
cjfa-3240	4	24	business	business	NOUN
cjfa-3240	4	25	administration	administration	PROPN
cjfa-3240	4	26	university	university	PROPN
cjfa-3240	4	27	of	of	ADP
cjfa-3240	4	28	castilla	castilla	PROPN
cjfa-3240	4	29	–	–	PUNCT
cjfa-3240	4	30	la	la	PROPN
cjfa-3240	4	31	mancha	mancha	PROPN
cjfa-3240	4	32	spain	spain	PROPN
cjfa-3240	4	33	“	"	PUNCT
cjfa-3240	4	34	board	board	NOUN
cjfa-3240	4	35	independence	independence	NOUN
cjfa-3240	4	36	”	"	PUNCT
cjfa-3240	4	37	and	and	CCONJ
cjfa-3240	4	38	compensation	compensation	NOUN
cjfa-3240	4	39	structure	structure	NOUN
cjfa-3240	4	40	of	of	ADP
cjfa-3240	4	41	directors	director	NOUN
cjfa-3240	4	42	keywords	keyword	NOUN
cjfa-3240	4	43	:	:	PUNCT
cjfa-3240	4	44	director	director	NOUN
cjfa-3240	4	45	compensation	compensation	PROPN
cjfa-3240	4	46	,	,	PUNCT
cjfa-3240	4	47	board	board	NOUN
cjfa-3240	4	48	compensation	compensation	NOUN
cjfa-3240	4	49	,	,	PUNCT
cjfa-3240	4	50	board	board	NOUN
cjfa-3240	4	51	of	of	ADP
cjfa-3240	4	52	directors	director	NOUN
cjfa-3240	4	53	,	,	PUNCT
cjfa-3240	4	54	corporate	corporate	ADJ
cjfa-3240	4	55	governance	governance	NOUN
cjfa-3240	4	56	,	,	PUNCT
cjfa-3240	4	57	board	board	NOUN
cjfa-3240	4	58	characteristics	characteristic	NOUN
cjfa-3240	4	59	,	,	PUNCT
cjfa-3240	4	60	board	board	NOUN
cjfa-3240	4	61	independence	independence	NOUN
cjfa-3240	4	62	.	.	PUNCT
cjfa-3240	5	1	j	j	PROPN
cjfa-3240	5	2	e	e	PROPN
cjfa-3240	5	3	l	l	PROPN
cjfa-3240	5	4	classification	classification	NOUN
cjfa-3240	5	5	:	:	PUNCT
cjfa-3240	5	6	g34	g34	NOUN
cjfa-3240	5	7	,	,	PUNCT
cjfa-3240	5	8	g35	g35	PROPN
cjfa-3240	5	9	,	,	PUNCT
cjfa-3240	5	10	m12	m12	PROPN
cjfa-3240	5	11	.	.	PUNCT
cjfa-3240	6	1	abstract	abstract	NOUN
cjfa-3240	6	2	:	:	PUNCT
cjfa-3240	6	3	this	this	DET
cjfa-3240	6	4	paper	paper	NOUN
cjfa-3240	6	5	examines	examine	VERB
cjfa-3240	6	6	the	the	DET
cjfa-3240	6	7	relationship	relationship	NOUN
cjfa-3240	6	8	between	between	ADP
cjfa-3240	6	9	board	board	NOUN
cjfa-3240	6	10	independence	independence	NOUN
cjfa-3240	6	11	and	and	CCONJ
cjfa-3240	6	12	the	the	DET
cjfa-3240	6	13	level	level	NOUN
cjfa-3240	6	14	and	and	CCONJ
cjfa-3240	6	15	structure	structure	NOUN
cjfa-3240	6	16	of	of	ADP
cjfa-3240	6	17	directors	director	NOUN
cjfa-3240	6	18	´	´	NOUN
cjfa-3240	6	19	compensation	compensation	NOUN
cjfa-3240	6	20	to	to	PART
cjfa-3240	6	21	determine	determine	VERB
cjfa-3240	6	22	whether	whether	SCONJ
cjfa-3240	6	23	this	this	DET
cjfa-3240	6	24	“	"	PUNCT
cjfa-3240	6	25	independence	independence	NOUN
cjfa-3240	6	26	”	"	PUNCT
cjfa-3240	6	27	exerts	exert	VERB
cjfa-3240	6	28	a	a	DET
cjfa-3240	6	29	moderating	moderate	VERB
cjfa-3240	6	30	effect	effect	NOUN
cjfa-3240	6	31	on	on	ADP
cjfa-3240	6	32	the	the	DET
cjfa-3240	6	33	different	different	ADJ
cjfa-3240	6	34	systems	system	NOUN
cjfa-3240	6	35	of	of	ADP
cjfa-3240	6	36	remuneration	remuneration	NOUN
cjfa-3240	6	37	granted	grant	VERB
cjfa-3240	6	38	to	to	ADP
cjfa-3240	6	39	directors	director	NOUN
cjfa-3240	6	40	.	.	PUNCT
cjfa-3240	7	1	we	we	PRON
cjfa-3240	7	2	have	have	AUX
cjfa-3240	7	3	developed	develop	VERB
cjfa-3240	7	4	several	several	ADJ
cjfa-3240	7	5	models	model	NOUN
cjfa-3240	7	6	based	base	VERB
cjfa-3240	7	7	on	on	ADP
cjfa-3240	7	8	linear	linear	PROPN
cjfa-3240	7	9	panel	panel	NOUN
cjfa-3240	7	10	data	datum	NOUN
cjfa-3240	7	11	regression	regression	NOUN
cjfa-3240	7	12	.	.	PUNCT
cjfa-3240	8	1	the	the	DET
cjfa-3240	8	2	sample	sample	NOUN
cjfa-3240	8	3	included	include	VERB
cjfa-3240	8	4	76	76	NUM
cjfa-3240	8	5	listed	list	VERB
cjfa-3240	8	6	companies	company	NOUN
cjfa-3240	8	7	on	on	ADP
cjfa-3240	8	8	the	the	DET
cjfa-3240	8	9	spanish	spanish	ADJ
cjfa-3240	8	10	continuous	continuous	ADJ
cjfa-3240	8	11	market	market	NOUN
cjfa-3240	8	12	for	for	ADP
cjfa-3240	8	13	the	the	DET
cjfa-3240	8	14	period	period	NOUN
cjfa-3240	8	15	2004–2009	2004–2009	NUM
cjfa-3240	8	16	.	.	PUNCT
cjfa-3240	9	1	the	the	DET
cjfa-3240	9	2	results	result	NOUN
cjfa-3240	9	3	reveal	reveal	VERB
cjfa-3240	9	4	that	that	SCONJ
cjfa-3240	9	5	the	the	DET
cjfa-3240	9	6	moderating	moderate	VERB
cjfa-3240	9	7	effect	effect	NOUN
cjfa-3240	9	8	of	of	ADP
cjfa-3240	9	9	board	board	NOUN
cjfa-3240	9	10	independence	independence	NOUN
cjfa-3240	9	11	on	on	ADP
cjfa-3240	9	12	directors	director	NOUN
cjfa-3240	9	13	´	´	NOUN
cjfa-3240	9	14	compensation	compensation	NOUN
cjfa-3240	9	15	depends	depend	VERB
cjfa-3240	9	16	on	on	ADP
cjfa-3240	9	17	the	the	DET
cjfa-3240	9	18	type	type	NOUN
cjfa-3240	9	19	of	of	ADP
cjfa-3240	9	20	remuneration	remuneration	NOUN
cjfa-3240	9	21	,	,	PUNCT
cjfa-3240	9	22	being	be	AUX
cjfa-3240	9	23	especially	especially	ADV
cjfa-3240	9	24	significant	significant	ADJ
cjfa-3240	9	25	in	in	ADP
cjfa-3240	9	26	the	the	DET
cjfa-3240	9	27	case	case	NOUN
cjfa-3240	9	28	of	of	ADP
cjfa-3240	9	29	variable	variable	ADJ
cjfa-3240	9	30	remuneration	remuneration	NOUN
cjfa-3240	9	31	but	but	CCONJ
cjfa-3240	9	32	not	not	PART
cjfa-3240	9	33	for	for	ADP
cjfa-3240	9	34	fixed	fix	VERB
cjfa-3240	9	35	remuneration	remuneration	NOUN
cjfa-3240	9	36	.	.	PUNCT
cjfa-3240	10	1	this	this	PRON
cjfa-3240	10	2	is	be	AUX
cjfa-3240	10	3	significant	significant	ADJ
cjfa-3240	10	4	for	for	ADP
cjfa-3240	10	5	the	the	DET
cjfa-3240	10	6	study	study	NOUN
cjfa-3240	10	7	context	context	NOUN
cjfa-3240	10	8	because	because	SCONJ
cjfa-3240	10	9	the	the	DET
cjfa-3240	10	10	fixed	fix	VERB
cjfa-3240	10	11	remuneration	remuneration	NOUN
cjfa-3240	10	12	is	be	AUX
cjfa-3240	10	13	the	the	DET
cjfa-3240	10	14	most	most	ADV
cjfa-3240	10	15	important	important	ADJ
cjfa-3240	10	16	retribution	retribution	NOUN
cjfa-3240	10	17	concept	concept	NOUN
cjfa-3240	10	18	.	.	PUNCT
cjfa-3240	11	1	the	the	DET
cjfa-3240	11	2	results	result	NOUN
cjfa-3240	11	3	of	of	ADP
cjfa-3240	11	4	this	this	DET
cjfa-3240	11	5	paper	paper	NOUN
cjfa-3240	11	6	reveals	reveal	VERB
cjfa-3240	11	7	that	that	SCONJ
cjfa-3240	11	8	the	the	DET
cjfa-3240	11	9	inefficient	inefficient	NOUN
cjfa-3240	11	10	of	of	ADP
cjfa-3240	11	11	the	the	DET
cjfa-3240	11	12	board	board	NOUN
cjfa-3240	11	13	as	as	ADP
cjfa-3240	11	14	mechanisms	mechanism	NOUN
cjfa-3240	11	15	of	of	ADP
cjfa-3240	11	16	control	control	NOUN
cjfa-3240	11	17	on	on	ADP
cjfa-3240	11	18	fixed	fix	VERB
cjfa-3240	11	19	remuneration	remuneration	NOUN
cjfa-3240	11	20	could	could	AUX
cjfa-3240	11	21	be	be	AUX
cjfa-3240	11	22	translated	translate	VERB
cjfa-3240	11	23	into	into	ADP
cjfa-3240	11	24	an	an	DET
cjfa-3240	11	25	insufficient	insufficient	ADJ
cjfa-3240	11	26	control	control	NOUN
cjfa-3240	11	27	of	of	ADP
cjfa-3240	11	28	wealth	wealth	NOUN
cjfa-3240	11	29	extraction	extraction	NOUN
cjfa-3240	11	30	from	from	ADP
cjfa-3240	11	31	the	the	DET
cjfa-3240	11	32	shareholders	shareholder	NOUN
cjfa-3240	11	33	by	by	ADP
cjfa-3240	11	34	the	the	DET
cjfa-3240	11	35	management	management	NOUN
cjfa-3240	11	36	.	.	PUNCT
cjfa-3240	12	1	our	our	PRON
cjfa-3240	12	2	results	result	NOUN
cjfa-3240	12	3	contribute	contribute	VERB
cjfa-3240	12	4	to	to	ADP
cjfa-3240	12	5	the	the	DET
cjfa-3240	12	6	existing	exist	VERB
cjfa-3240	12	7	debate	debate	NOUN
cjfa-3240	12	8	on	on	ADP
cjfa-3240	12	9	the	the	DET
cjfa-3240	12	10	appropriate	appropriate	ADJ
cjfa-3240	12	11	norms	norm	NOUN
cjfa-3240	12	12	of	of	ADP
cjfa-3240	12	13	corporate	corporate	ADJ
cjfa-3240	12	14	governance	governance	NOUN
cjfa-3240	12	15	control	control	NOUN
cjfa-3240	12	16	over	over	ADP
cjfa-3240	12	17	the	the	DET
cjfa-3240	12	18	directors	director	NOUN
cjfa-3240	12	19	’	'	PUNCT
cjfa-3240	12	20	compensation	compensation	NOUN
cjfa-3240	12	21	.	.	PUNCT
cjfa-3240	13	1	these	these	DET
cjfa-3240	13	2	results	result	NOUN
cjfa-3240	13	3	offer	offer	VERB
cjfa-3240	13	4	additional	additional	ADJ
cjfa-3240	13	5	evidence	evidence	NOUN
cjfa-3240	13	6	about	about	ADP
cjfa-3240	13	7	the	the	DET
cjfa-3240	13	8	impact	impact	NOUN
cjfa-3240	13	9	of	of	ADP
cjfa-3240	13	10	board	board	NOUN
cjfa-3240	13	11	independence	independence	NOUN
cjfa-3240	13	12	over	over	ADP
cjfa-3240	13	13	the	the	DET
cjfa-3240	13	14	structure	structure	NOUN
cjfa-3240	13	15	of	of	ADP
cjfa-3240	13	16	compensation	compensation	NOUN
cjfa-3240	13	17	granted	grant	VERB
cjfa-3240	13	18	to	to	ADP
cjfa-3240	13	19	directors	director	NOUN
cjfa-3240	13	20	,	,	PUNCT
cjfa-3240	13	21	issue	issue	NOUN
cjfa-3240	13	22	shortly	shortly	ADV
cjfa-3240	13	23	studied	study	VERB
cjfa-3240	13	24	so	so	ADV
cjfa-3240	13	25	far	far	ADV
cjfa-3240	13	26	.	.	PUNCT
cjfa-3240	14	1	elena	elena	PROPN
cjfa-3240	14	2	merino	merino	PROPN
cjfa-3240	14	3	,	,	PUNCT
cjfa-3240	14	4	montserrat	montserrat	PROPN
cjfa-3240	14	5	manzaneque	manzaneque	NOUN
cjfa-3240	14	6	,	,	PUNCT
cjfa-3240	14	7	alba	alba	PROPN
cjfa-3240	14	8	mª	mª	PROPN
cjfa-3240	14	9	priego126	priego126	PROPN
cjfa-3240	14	10	„	„	PUNCT
cjfa-3240	14	11	niezależność	niezależność	PROPN
cjfa-3240	14	12	zarządu	zarządu	NOUN
cjfa-3240	14	13	”	"	PUNCT
cjfa-3240	14	14	a	a	DET
cjfa-3240	14	15	struktura	struktura	NOUN
cjfa-3240	14	16	wynagrodzeń	wynagrodzeń	ADJ
cjfa-3240	14	17	dyrektorów	dyrektorów	NOUN
cjfa-3240	14	18	słowa	słowa	NOUN
cjfa-3240	14	19	kluczowe	kluczowe	NOUN
cjfa-3240	14	20	:	:	PUNCT
cjfa-3240	14	21	wynagrodzenia	wynagrodzenia	PROPN
cjfa-3240	14	22	dyrektorów	dyrektorów	NOUN
cjfa-3240	14	23	,	,	PUNCT
cjfa-3240	14	24	wynagrodzenia	wynagrodzenia	PROPN
cjfa-3240	14	25	zarządu	zarządu	NOUN
cjfa-3240	14	26	,	,	PUNCT
cjfa-3240	14	27	zarząd	zarząd	PROPN
cjfa-3240	14	28	,	,	PUNCT
cjfa-3240	14	29	ład	ład	NOUN
cjfa-3240	14	30	korporacyjny	korporacyjny	NOUN
cjfa-3240	14	31	,	,	PUNCT
cjfa-3240	14	32	charakterystyki	charakterystyki	PROPN
cjfa-3240	14	33	zarządu	zarządu	PROPN
cjfa-3240	14	34	,	,	PUNCT
cjfa-3240	14	35	niezależność	niezależność	PROPN
cjfa-3240	14	36	zarządu	zarządu	NOUN
cjfa-3240	14	37	.	.	PUNCT
cjfa-3240	15	1	klasyfikacja	klasyfikacja	PROPN
cjfa-3240	15	2	j	j	PROPN
cjfa-3240	15	3	e	e	PROPN
cjfa-3240	15	4	l	l	PROPN
cjfa-3240	15	5	:	:	PUNCT
cjfa-3240	15	6	g34	g34	NOUN
cjfa-3240	15	7	,	,	PUNCT
cjfa-3240	15	8	g35	g35	PROPN
cjfa-3240	15	9	,	,	PUNCT
cjfa-3240	15	10	m12	m12	PROPN
cjfa-3240	15	11	.	.	PUNCT
cjfa-3240	16	1	abstrakt	abstrakt	PROPN
cjfa-3240	16	2	:	:	PUNCT
cjfa-3240	17	1	celem	celem	PROPN
cjfa-3240	17	2	artykułu	artykułu	PROPN
cjfa-3240	17	3	jest	jest	PROPN
cjfa-3240	17	4	zbadanie	zbadanie	PROPN
cjfa-3240	17	5	relacji	relacji	PROPN
cjfa-3240	17	6	między	między	NOUN
cjfa-3240	17	7	„	„	PUNCT
cjfa-3240	17	8	niezależnością	niezależnością	PROPN
cjfa-3240	17	9	zarządu	zarządu	PROPN
cjfa-3240	17	10	”	"	PUNCT
cjfa-3240	17	11	a	a	DET
cjfa-3240	17	12	poziomem	poziomem	NOUN
cjfa-3240	18	1	i	i	PRON
cjfa-3240	18	2	strukturą	strukturą	VERB
cjfa-3240	18	3	wynagrodzeń	wynagrodzeń	ADJ
cjfa-3240	18	4	dyrektorów	dyrektorów	NOUN
cjfa-3240	18	5	i	i	PRON
cjfa-3240	18	6	ustalenie	ustalenie	VERB
cjfa-3240	18	7	,	,	PUNCT
cjfa-3240	18	8	czy	czy	PROPN
cjfa-3240	18	9	ta	ta	X
cjfa-3240	18	10	„	„	PUNCT
cjfa-3240	18	11	niezależność	niezależność	PROPN
cjfa-3240	18	12	”	"	PUNCT
cjfa-3240	18	13	wpływa	wpływa	NOUN
cjfa-3240	18	14	na	na	AUX
cjfa-3240	18	15	poszczególne	poszczególne	PROPN
cjfa-3240	18	16	systemy	systemy	VERB
cjfa-3240	18	17	wynagrodzeń	wynagrodzeń	ADP
cjfa-3240	18	18	dyrektorów	dyrektorów	NOUN
cjfa-3240	18	19	.	.	PUNCT
cjfa-3240	19	1	w	w	NOUN
cjfa-3240	19	2	badaniu	badaniu	PROPN
cjfa-3240	19	3	zostały	zostały	PROPN
cjfa-3240	19	4	wykorzystane	wykorzystane	PROPN
cjfa-3240	19	5	modele	modele	PROPN
cjfa-3240	19	6	oparte	oparte	INTJ
cjfa-3240	19	7	na	na	PART
cjfa-3240	19	8	regresji	regresji	VERB
cjfa-3240	19	9	liniowej	liniowej	ADJ
cjfa-3240	19	10	dla	dla	NOUN
cjfa-3240	19	11	danych	danych	NOUN
cjfa-3240	19	12	panelowych	panelowych	PROPN
cjfa-3240	19	13	.	.	PUNCT
cjfa-3240	20	1	próba	próba	PROPN
cjfa-3240	20	2	obejmuje	obejmuje	PROPN
cjfa-3240	20	3	76	76	NUM
cjfa-3240	20	4	spółek	spółek	PROPN
cjfa-3240	20	5	notowanych	notowanych	PROPN
cjfa-3240	20	6	na	na	PROPN
cjfa-3240	20	7	hiszpańskim	hiszpańskim	PROPN
cjfa-3240	20	8	rynku	rynku	ADJ
cjfa-3240	20	9	notowań	notowań	PROPN
cjfa-3240	20	10	ciągłych	ciągłych	PROPN
cjfa-3240	20	11	w	w	PROPN
cjfa-3240	20	12	latach	latach	PROPN
cjfa-3240	20	13	2004–2009	2004–2009	NUM
cjfa-3240	20	14	.	.	PUNCT
cjfa-3240	21	1	wyniki	wyniki	PROPN
cjfa-3240	21	2	wskazują	wskazują	PROPN
cjfa-3240	21	3	,	,	PUNCT
cjfa-3240	21	4	że	że	PROPN
cjfa-3240	21	5	wpływ	wpływ	PROPN
cjfa-3240	21	6	stopnia	stopnia	PROPN
cjfa-3240	21	7	„	„	PUNCT
cjfa-3240	21	8	niezależności	niezależności	PROPN
cjfa-3240	21	9	zarządu	zarządu	NOUN
cjfa-3240	21	10	”	"	PUNCT
cjfa-3240	21	11	na	na	AUX
cjfa-3240	21	12	wynagrodzenie	wynagrodzenie	VERB
cjfa-3240	21	13	dyrektorów	dyrektorów	PROPN
cjfa-3240	21	14	zależy	zależy	NOUN
cjfa-3240	21	15	od	od	PROPN
cjfa-3240	21	16	rodzaju	rodzaju	VERB
cjfa-3240	21	17	wynagrodzenia	wynagrodzenia	PROPN
cjfa-3240	22	1	i	i	PRON
cjfa-3240	22	2	jest	jest	VERB
cjfa-3240	22	3	szczególnie	szczególnie	PROPN
cjfa-3240	22	4	ważne	ważne	VERB
cjfa-3240	22	5	w	w	PROPN
cjfa-3240	22	6	przypadku	przypadku	PROPN
cjfa-3240	22	7	zmiennego	zmiennego	PROPN
cjfa-3240	22	8	wynagrodzenia	wynagrodzenia	NOUN
cjfa-3240	22	9	,	,	PUNCT
cjfa-3240	22	10	ale	ale	PROPN
cjfa-3240	22	11	nie	nie	PROPN
cjfa-3240	22	12	dla	dla	PROPN
cjfa-3240	22	13	stałego	stałego	PROPN
cjfa-3240	22	14	wynagrodzenia	wynagrodzenia	PROPN
cjfa-3240	22	15	.	.	PUNCT
cjfa-3240	23	1	jest	jest	NOUN
cjfa-3240	23	2	to	to	PART
cjfa-3240	23	3	istotne	istotne	PROPN
cjfa-3240	23	4	w	w	PROPN
cjfa-3240	23	5	kontekście	kontekście	PROPN
cjfa-3240	23	6	przeprowadzonego	przeprowadzonego	PROPN
cjfa-3240	23	7	badania	badania	PROPN
cjfa-3240	23	8	,	,	PUNCT
cjfa-3240	23	9	ponieważ	ponieważ	NOUN
cjfa-3240	23	10	stałe	stałe	NOUN
cjfa-3240	23	11	wynagrodzenie	wynagrodzenie	VERB
cjfa-3240	23	12	jest	jest	PROPN
cjfa-3240	23	13	najważniejszym	najważniejszym	PROPN
cjfa-3240	23	14	elementem	elementem	PROPN
cjfa-3240	23	15	w	w	PROPN
cjfa-3240	23	16	sposobach	sposobach	PROPN
cjfa-3240	23	17	wynagradzania	wynagradzania	PROPN
cjfa-3240	23	18	.	.	PUNCT
cjfa-3240	24	1	wyniki	wyniki	PROPN
cjfa-3240	24	2	badań	badań	PROPN
cjfa-3240	24	3	wskazują	wskazują	PROPN
cjfa-3240	24	4	,	,	PUNCT
cjfa-3240	24	5	że	że	PROPN
cjfa-3240	24	6	nieefektywność	nieefektywność	PROPN
cjfa-3240	24	7	zarządu	zarządu	PROPN
cjfa-3240	24	8	jako	jako	PROPN
cjfa-3240	24	9	mechanizmu	mechanizmu	PROPN
cjfa-3240	24	10	kontroli	kontroli	PROPN
cjfa-3240	24	11	stałych	stałych	VERB
cjfa-3240	24	12	wynagrodzeń	wynagrodzeń	PROPN
cjfa-3240	24	13	może	może	PROPN
cjfa-3240	24	14	oznaczać	oznaczać	PROPN
cjfa-3240	24	15	niewystarczającą	niewystarczającą	ADJ
cjfa-3240	24	16	kontrolę	kontrolę	PROPN
cjfa-3240	24	17	nad	nad	PROPN
cjfa-3240	24	18	tworzeniem	tworzeniem	PROPN
cjfa-3240	24	19	bogactwa	bogactwa	PROPN
cjfa-3240	24	20	dla	dla	NOUN
cjfa-3240	24	21	akcjonariuszy	akcjonariuszy	NOUN
cjfa-3240	24	22	.	.	PUNCT
cjfa-3240	25	1	wyniki	wyniki	PROPN
cjfa-3240	25	2	badań	badań	PROPN
cjfa-3240	25	3	stanowią	stanowią	PROPN
cjfa-3240	25	4	wkład	wkład	PROPN
cjfa-3240	25	5	do	do	AUX
cjfa-3240	25	6	toczącej	toczącej	VERB
cjfa-3240	25	7	się	się	PROPN
cjfa-3240	25	8	debaty	debaty	PROPN
cjfa-3240	25	9	dotyczącej	dotyczącej	NOUN
cjfa-3240	25	10	właściwych	właściwych	NOUN
cjfa-3240	25	11	norm	norm	VERB
cjfa-3240	25	12	ładu	ładu	ADJ
cjfa-3240	25	13	korporacyjnego	korporacyjnego	PROPN
cjfa-3240	25	14	nad	nad	PROPN
cjfa-3240	25	15	wynagrodzeniami	wynagrodzeniami	NOUN
cjfa-3240	25	16	dyrektorów	dyrektorów	NOUN
cjfa-3240	25	17	.	.	PUNCT
cjfa-3240	26	1	wyniki	wyniki	PROPN
cjfa-3240	26	2	dowodzą	dowodzą	PROPN
cjfa-3240	26	3	wpływu	wpływu	PROPN
cjfa-3240	26	4	„	„	PUNCT
cjfa-3240	26	5	niezależności	niezależności	PROPN
cjfa-3240	26	6	zarządu	zarządu	NOUN
cjfa-3240	26	7	”	"	PUNCT
cjfa-3240	26	8	na	na	PART
cjfa-3240	26	9	strukturę	strukturę	VERB
cjfa-3240	26	10	wynagrodzeń	wynagrodzeń	ADJ
cjfa-3240	26	11	dyrektorów	dyrektorów	NOUN
cjfa-3240	26	12	,	,	PUNCT
cjfa-3240	26	13	co	co	X
cjfa-3240	26	14	szerzej	szerzej	NOUN
cjfa-3240	26	15	do	do	VERB
cjfa-3240	26	16	tej	tej	PROPN
cjfa-3240	26	17	pory	pory	PROPN
cjfa-3240	26	18	nie	nie	PROPN
cjfa-3240	26	19	było	było	PROPN
cjfa-3240	26	20	badane	badane	PROPN
cjfa-3240	26	21	.	.	PUNCT
cjfa-3240	27	1	translated	translate	VERB
cjfa-3240	27	2	by	by	ADP
cjfa-3240	27	3	marcelina	marcelina	PROPN
cjfa-3240	27	4	więckowska	więckowska	PROPN
cjfa-3240	27	5	&	&	CCONJ
cjfa-3240	27	6	ewa	ewa	PROPN
cjfa-3240	27	7	chojnacka	chojnacka	PROPN
cjfa-3240	27	8	 	 	SPACE
cjfa-3240	27	9	introduction	introduction	NOUN
cjfa-3240	27	10	and	and	CCONJ
cjfa-3240	27	11	research	research	NOUN
cjfa-3240	27	12	methodology	methodology	NOUN
cjfa-3240	27	13	in	in	ADP
cjfa-3240	27	14	the	the	DET
cjfa-3240	27	15	current	current	ADJ
cjfa-3240	27	16	economic	economic	ADJ
cjfa-3240	27	17	crisis	crisis	NOUN
cjfa-3240	27	18	,	,	PUNCT
cjfa-3240	27	19	the	the	DET
cjfa-3240	27	20	implementation	implementation	NOUN
cjfa-3240	27	21	of	of	ADP
cjfa-3240	27	22	good	good	ADJ
cjfa-3240	27	23	corporate	corporate	ADJ
cjfa-3240	27	24	governance	governance	NOUN
cjfa-3240	27	25	requires	require	VERB
cjfa-3240	27	26	implementing	implement	VERB
cjfa-3240	27	27	certain	certain	ADJ
cjfa-3240	27	28	austerity	austerity	NOUN
cjfa-3240	27	29	policies	policy	NOUN
cjfa-3240	27	30	in	in	ADP
cjfa-3240	27	31	both	both	CCONJ
cjfa-3240	27	32	the	the	DET
cjfa-3240	27	33	public	public	ADJ
cjfa-3240	27	34	and	and	CCONJ
cjfa-3240	27	35	private	private	ADJ
cjfa-3240	27	36	sectors	sector	NOUN
cjfa-3240	27	37	.	.	PUNCT
cjfa-3240	28	1	however	however	ADV
cjfa-3240	28	2	,	,	PUNCT
cjfa-3240	28	3	in	in	ADP
cjfa-3240	28	4	these	these	DET
cjfa-3240	28	5	times	time	NOUN
cjfa-3240	28	6	,	,	PUNCT
cjfa-3240	28	7	it	it	PRON
cjfa-3240	28	8	is	be	AUX
cjfa-3240	28	9	not	not	PART
cjfa-3240	28	10	surprising	surprising	ADJ
cjfa-3240	28	11	to	to	PART
cjfa-3240	28	12	read	read	VERB
cjfa-3240	28	13	headlines	headline	NOUN
cjfa-3240	28	14	on	on	ADP
cjfa-3240	28	15	major	major	ADJ
cjfa-3240	28	16	newspapers	newspaper	NOUN
cjfa-3240	28	17	of	of	ADP
cjfa-3240	28	18	spain	spain	PROPN
cjfa-3240	28	19	and	and	CCONJ
cjfa-3240	28	20	others	other	NOUN
cjfa-3240	28	21	countries	country	NOUN
cjfa-3240	28	22	about	about	ADP
cjfa-3240	28	23	millionaires	millionaire	NOUN
cjfa-3240	28	24	’	'	PUNCT
cjfa-3240	28	25	allowances	allowance	NOUN
cjfa-3240	28	26	,	,	PUNCT
cjfa-3240	28	27	salaries	salary	NOUN
cjfa-3240	28	28	or	or	CCONJ
cjfa-3240	28	29	bonuses	bonus	NOUN
cjfa-3240	28	30	received	receive	VERB
cjfa-3240	28	31	by	by	ADP
cjfa-3240	28	32	directors	director	NOUN
cjfa-3240	28	33	or	or	CCONJ
cjfa-3240	28	34	executive	executive	NOUN
cjfa-3240	28	35	of	of	ADP
cjfa-3240	28	36	companies	company	NOUN
cjfa-3240	28	37	,	,	PUNCT
cjfa-3240	28	38	which	which	PRON
cjfa-3240	28	39	have	have	AUX
cjfa-3240	28	40	been	be	AUX
cjfa-3240	28	41	financed	finance	VERB
cjfa-3240	28	42	with	with	ADP
cjfa-3240	28	43	public	public	ADJ
cjfa-3240	28	44	funds	fund	NOUN
cjfa-3240	28	45	or	or	CCONJ
cjfa-3240	28	46	have	have	AUX
cjfa-3240	28	47	initiated	initiate	VERB
cjfa-3240	28	48	a	a	DET
cjfa-3240	28	49	labor	labor	NOUN
cjfa-3240	28	50	force	force	NOUN
cjfa-3240	28	51	adjustment	adjustment	NOUN
cjfa-3240	28	52	plan	plan	NOUN
cjfa-3240	28	53	,	,	PUNCT
cjfa-3240	28	54	subsequently	subsequently	ADV
cjfa-3240	28	55	.	.	PUNCT
cjfa-3240	29	1	in	in	ADP
cjfa-3240	29	2	this	this	DET
cjfa-3240	29	3	sense	sense	NOUN
cjfa-3240	29	4	,	,	PUNCT
cjfa-3240	29	5	the	the	DET
cjfa-3240	29	6	remuneration	remuneration	NOUN
cjfa-3240	29	7	of	of	ADP
cjfa-3240	29	8	board	board	NOUN
cjfa-3240	29	9	members	member	NOUN
cjfa-3240	29	10	should	should	AUX
cjfa-3240	29	11	be	be	AUX
cjfa-3240	29	12	particularly	particularly	ADV
cjfa-3240	29	13	studied	study	VERB
cjfa-3240	29	14	although	although	SCONJ
cjfa-3240	29	15	this	this	PRON
cjfa-3240	29	16	has	have	AUX
cjfa-3240	29	17	not	not	PART
cjfa-3240	29	18	received	receive	VERB
cjfa-3240	29	19	particular	particular	ADJ
cjfa-3240	29	20	attention	attention	NOUN
cjfa-3240	29	21	so	so	ADV
cjfa-3240	29	22	far	far	ADV
cjfa-3240	29	23	.	.	PUNCT
cjfa-3240	30	1	in	in	ADP
cjfa-3240	30	2	these	these	DET
cjfa-3240	30	3	cases	case	NOUN
cjfa-3240	30	4	,	,	PUNCT
cjfa-3240	30	5	there	there	PRON
cjfa-3240	30	6	is	be	VERB
cjfa-3240	30	7	a	a	DET
cjfa-3240	30	8	major	major	ADJ
cjfa-3240	30	9	conflict	conflict	NOUN
cjfa-3240	30	10	of	of	ADP
cjfa-3240	30	11	interest	interest	NOUN
cjfa-3240	30	12	because	because	SCONJ
cjfa-3240	30	13	the	the	DET
cjfa-3240	30	14	board	board	NOUN
cjfa-3240	30	15	is	be	AUX
cjfa-3240	30	16	the	the	DET
cjfa-3240	30	17	organ	organ	NOUN
cjfa-3240	30	18	responsible	responsible	ADJ
cjfa-3240	30	19	for	for	ADP
cjfa-3240	30	20	fixing	fix	VERB
cjfa-3240	30	21	them	they	PRON
cjfa-3240	30	22	.	.	PUNCT
cjfa-3240	31	1	we	we	PRON
cjfa-3240	31	2	find	find	VERB
cjfa-3240	31	3	,	,	PUNCT
cjfa-3240	31	4	therefore	therefore	ADV
cjfa-3240	31	5	,	,	PUNCT
cjfa-3240	31	6	that	that	SCONJ
cjfa-3240	31	7	the	the	DET
cjfa-3240	31	8	board	board	NOUN
cjfa-3240	31	9	of	of	ADP
cjfa-3240	31	10	directors	director	NOUN
cjfa-3240	31	11	,	,	PUNCT
cjfa-3240	31	12	which	which	PRON
cjfa-3240	31	13	is	be	AUX
cjfa-3240	31	14	responsible	responsible	ADJ
cjfa-3240	31	15	for	for	ADP
cjfa-3240	31	16	safeguarding	safeguard	VERB
cjfa-3240	31	17	the	the	DET
cjfa-3240	31	18	interests	interest	NOUN
cjfa-3240	31	19	of	of	ADP
cjfa-3240	31	20	shareholders	shareholder	NOUN
cjfa-3240	31	21	,	,	PUNCT
cjfa-3240	31	22	could	could	AUX
cjfa-3240	31	23	use	use	VERB
cjfa-3240	31	24	its	its	PRON
cjfa-3240	31	25	power	power	NOUN
cjfa-3240	31	26	to	to	PART
cjfa-3240	31	27	expropriate	expropriate	VERB
cjfa-3240	31	28	part	part	NOUN
cjfa-3240	31	29	of	of	ADP
cjfa-3240	31	30	the	the	DET
cjfa-3240	31	31	wealth	wealth	NOUN
cjfa-3240	31	32	of	of	ADP
cjfa-3240	31	33	shareholders	shareholder	NOUN
cjfa-3240	31	34	by	by	ADP
cjfa-3240	31	35	,	,	PUNCT
cjfa-3240	31	36	among	among	ADP
cjfa-3240	31	37	other	other	ADJ
cjfa-3240	31	38	actions	action	NOUN
cjfa-3240	31	39	,	,	PUNCT
cjfa-3240	31	40	the	the	DET
cjfa-3240	31	41	granting	granting	NOUN
cjfa-3240	31	42	of	of	ADP
cjfa-3240	31	43	high	high	ADJ
cjfa-3240	31	44	salaries	salary	NOUN
cjfa-3240	31	45	to	to	ADP
cjfa-3240	31	46	their	their	PRON
cjfa-3240	31	47	own	own	ADJ
cjfa-3240	31	48	members	member	NOUN
cjfa-3240	31	49	(	(	PUNCT
cjfa-3240	31	50	bebchuck	bebchuck	NOUN
cjfa-3240	31	51	,	,	PUNCT
cjfa-3240	31	52	fried	fry	VERB
cjfa-3240	31	53	2004	2004	NUM
cjfa-3240	31	54	;	;	PUNCT
cjfa-3240	31	55	duffhues	duffhue	NOUN
cjfa-3240	31	56	,	,	PUNCT
cjfa-3240	31	57	kabir	kabir	NOUN
cjfa-3240	31	58	2008	2008	NUM
cjfa-3240	31	59	)	)	PUNCT
cjfa-3240	31	60	.	.	PUNCT
cjfa-3240	32	1	“	"	PUNCT
cjfa-3240	32	2	board	board	NOUN
cjfa-3240	32	3	independence	independence	NOUN
cjfa-3240	32	4	”	"	PUNCT
cjfa-3240	32	5	and	and	CCONJ
cjfa-3240	32	6	compensation	compensation	NOUN
cjfa-3240	32	7	structure	structure	NOUN
cjfa-3240	32	8	of	of	ADP
cjfa-3240	32	9	directors	director	NOUN
cjfa-3240	32	10	127	127	NUM
cjfa-3240	32	11	so	so	ADV
cjfa-3240	32	12	,	,	PUNCT
cjfa-3240	32	13	while	while	SCONJ
cjfa-3240	32	14	the	the	DET
cjfa-3240	32	15	compensation	compensation	NOUN
cjfa-3240	32	16	of	of	ADP
cjfa-3240	32	17	directors	director	NOUN
cjfa-3240	32	18	has	have	AUX
cjfa-3240	32	19	traditionally	traditionally	ADV
cjfa-3240	32	20	been	be	AUX
cjfa-3240	32	21	a	a	DET
cjfa-3240	32	22	solution	solution	NOUN
cjfa-3240	32	23	(	(	PUNCT
cjfa-3240	32	24	between	between	ADP
cjfa-3240	32	25	the	the	DET
cjfa-3240	32	26	various	various	ADJ
cjfa-3240	32	27	internal	internal	ADJ
cjfa-3240	32	28	and	and	CCONJ
cjfa-3240	32	29	external	external	ADJ
cjfa-3240	32	30	mechanisms	mechanism	NOUN
cjfa-3240	32	31	exit	exit	NOUN
cjfa-3240	32	32	based	base	VERB
cjfa-3240	32	33	on	on	ADP
cjfa-3240	32	34	existing	exist	VERB
cjfa-3240	32	35	agency	agency	NOUN
cjfa-3240	32	36	theory	theory	NOUN
cjfa-3240	32	37	)	)	PUNCT
cjfa-3240	32	38	to	to	PART
cjfa-3240	32	39	monitor	monitor	VERB
cjfa-3240	32	40	and	and	CCONJ
cjfa-3240	32	41	control	control	VERB
cjfa-3240	32	42	the	the	DET
cjfa-3240	32	43	management	management	NOUN
cjfa-3240	32	44	,	,	PUNCT
cjfa-3240	32	45	from	from	ADP
cjfa-3240	32	46	the	the	DET
cjfa-3240	32	47	beginning	beginning	NOUN
cjfa-3240	32	48	of	of	ADP
cjfa-3240	32	49	the	the	DET
cjfa-3240	32	50	economic	economic	ADJ
cjfa-3240	32	51	crisis	crisis	NOUN
cjfa-3240	32	52	it	it	PRON
cjfa-3240	32	53	has	have	AUX
cjfa-3240	32	54	become	become	VERB
cjfa-3240	32	55	a	a	DET
cjfa-3240	32	56	problem	problem	NOUN
cjfa-3240	32	57	(	(	PUNCT
cjfa-3240	32	58	alzaga	alzaga	NOUN
cjfa-3240	32	59	2012	2012	NUM
cjfa-3240	32	60	)	)	PUNCT
cjfa-3240	32	61	for	for	ADP
cjfa-3240	32	62	the	the	DET
cjfa-3240	32	63	excesses	excess	NOUN
cjfa-3240	32	64	committed	commit	VERB
cjfa-3240	32	65	.	.	PUNCT
cjfa-3240	33	1	the	the	DET
cjfa-3240	33	2	shareholders	shareholder	NOUN
cjfa-3240	33	3	perceive	perceive	VERB
cjfa-3240	33	4	such	such	ADJ
cjfa-3240	33	5	high	high	ADJ
cjfa-3240	33	6	salaries	salary	NOUN
cjfa-3240	33	7	as	as	ADP
cjfa-3240	33	8	an	an	DET
cjfa-3240	33	9	expropriation	expropriation	NOUN
cjfa-3240	33	10	of	of	ADP
cjfa-3240	33	11	their	their	PRON
cjfa-3240	33	12	wealth	wealth	NOUN
cjfa-3240	33	13	,	,	PUNCT
cjfa-3240	33	14	resulting	result	VERB
cjfa-3240	33	15	in	in	ADP
cjfa-3240	33	16	a	a	DET
cjfa-3240	33	17	lack	lack	NOUN
cjfa-3240	33	18	of	of	ADP
cjfa-3240	33	19	confidence	confidence	NOUN
cjfa-3240	33	20	in	in	ADP
cjfa-3240	33	21	the	the	DET
cjfa-3240	33	22	function	function	NOUN
cjfa-3240	33	23	exercised	exercise	VERB
cjfa-3240	33	24	by	by	ADP
cjfa-3240	33	25	the	the	DET
cjfa-3240	33	26	board	board	NOUN
cjfa-3240	33	27	of	of	ADP
cjfa-3240	33	28	directors	director	NOUN
cjfa-3240	33	29	.	.	PUNCT
cjfa-3240	34	1	to	to	PART
cjfa-3240	34	2	curb	curb	VERB
cjfa-3240	34	3	the	the	DET
cjfa-3240	34	4	excesses	excess	NOUN
cjfa-3240	34	5	compensation	compensation	NOUN
cjfa-3240	34	6	and	and	CCONJ
cjfa-3240	34	7	so	so	ADV
cjfa-3240	34	8	the	the	DET
cjfa-3240	34	9	shareholders	shareholder	NOUN
cjfa-3240	34	10	regain	regain	VERB
cjfa-3240	34	11	the	the	DET
cjfa-3240	34	12	confidence	confidence	NOUN
cjfa-3240	34	13	in	in	ADP
cjfa-3240	34	14	the	the	DET
cjfa-3240	34	15	management	management	NOUN
cjfa-3240	34	16	of	of	ADP
cjfa-3240	34	17	the	the	DET
cjfa-3240	34	18	board	board	NOUN
cjfa-3240	34	19	,	,	PUNCT
cjfa-3240	34	20	various	various	ADJ
cjfa-3240	34	21	authors	author	NOUN
cjfa-3240	34	22	(	(	PUNCT
cjfa-3240	34	23	bebchuk	bebchuk	NOUN
cjfa-3240	34	24	,	,	PUNCT
cjfa-3240	34	25	fried	fry	VERB
cjfa-3240	34	26	2004	2004	NUM
cjfa-3240	34	27	;	;	PUNCT
cjfa-3240	34	28	ryan	ryan	PROPN
cjfa-3240	34	29	,	,	PUNCT
cjfa-3240	34	30	wiggins	wiggins	PROPN
cjfa-3240	34	31	2004	2004	NUM
cjfa-3240	34	32	;	;	PUNCT
cjfa-3240	34	33	cheng	cheng	PROPN
cjfa-3240	34	34	,	,	PUNCT
cjfa-3240	34	35	firth	firth	PROPN
cjfa-3240	34	36	2005	2005	NUM
cjfa-3240	34	37	;	;	PUNCT
cjfa-3240	34	38	davidson	davidson	PROPN
cjfa-3240	34	39	et	et	PROPN
cjfa-3240	34	40	al	al	PROPN
cjfa-3240	34	41	.	.	PROPN
cjfa-3240	34	42	2005	2005	NUM
cjfa-3240	34	43	;	;	PUNCT
cjfa-3240	34	44	conyon	conyon	NOUN
cjfa-3240	34	45	,	,	PUNCT
cjfa-3240	34	46	he	he	PRON
cjfa-3240	34	47	2008	2008	NUM
cjfa-3240	34	48	;	;	PUNCT
cjfa-3240	34	49	andreas	andreas	PROPN
cjfa-3240	34	50	et	et	PROPN
cjfa-3240	34	51	al	al	PROPN
cjfa-3240	34	52	.	.	PROPN
cjfa-3240	34	53	2009	2009	NUM
cjfa-3240	34	54	;	;	PUNCT
cjfa-3240	34	55	du	du	PROPN
cjfa-3240	34	56	boys	boy	NOUN
cjfa-3240	34	57	2009	2009	NUM
cjfa-3240	34	58	;	;	PUNCT
cjfa-3240	34	59	fahlenbrach	fahlenbrach	NOUN
cjfa-3240	34	60	2009	2009	NUM
cjfa-3240	34	61	)	)	PUNCT
cjfa-3240	34	62	propose	propose	VERB
cjfa-3240	34	63	increasing	increase	VERB
cjfa-3240	34	64	the	the	DET
cjfa-3240	34	65	degree	degree	NOUN
cjfa-3240	34	66	of	of	ADP
cjfa-3240	34	67	independence	independence	NOUN
cjfa-3240	34	68	of	of	ADP
cjfa-3240	34	69	the	the	DET
cjfa-3240	34	70	board	board	NOUN
cjfa-3240	34	71	of	of	ADP
cjfa-3240	34	72	directors	director	NOUN
cjfa-3240	34	73	.	.	PUNCT
cjfa-3240	35	1	in	in	ADP
cjfa-3240	35	2	line	line	NOUN
cjfa-3240	35	3	with	with	ADP
cjfa-3240	35	4	this	this	DET
cjfa-3240	35	5	view	view	NOUN
cjfa-3240	35	6	,	,	PUNCT
cjfa-3240	35	7	this	this	DET
cjfa-3240	35	8	paper	paper	NOUN
cjfa-3240	35	9	adopts	adopt	VERB
cjfa-3240	35	10	an	an	DET
cjfa-3240	35	11	empirical	empirical	ADJ
cjfa-3240	35	12	approach	approach	NOUN
cjfa-3240	35	13	to	to	PART
cjfa-3240	35	14	examine	examine	VERB
cjfa-3240	35	15	the	the	DET
cjfa-3240	35	16	hypothesized	hypothesized	ADJ
cjfa-3240	35	17	effects	effect	NOUN
cjfa-3240	35	18	of	of	ADP
cjfa-3240	35	19	board	board	NOUN
cjfa-3240	35	20	independence	independence	NOUN
cjfa-3240	35	21	on	on	ADP
cjfa-3240	35	22	level	level	NOUN
cjfa-3240	35	23	and	and	CCONJ
cjfa-3240	35	24	structure	structure	NOUN
cjfa-3240	35	25	of	of	ADP
cjfa-3240	35	26	directors	director	NOUN
cjfa-3240	35	27	’	'	PUNCT
cjfa-3240	35	28	compensation	compensation	NOUN
cjfa-3240	35	29	in	in	ADP
cjfa-3240	35	30	spain	spain	PROPN
cjfa-3240	35	31	to	to	PART
cjfa-3240	35	32	determine	determine	VERB
cjfa-3240	35	33	whether	whether	SCONJ
cjfa-3240	35	34	this	this	DET
cjfa-3240	35	35	“	"	PUNCT
cjfa-3240	35	36	independence	independence	NOUN
cjfa-3240	35	37	”	"	PUNCT
cjfa-3240	35	38	exert	exert	VERB
cjfa-3240	35	39	a	a	DET
cjfa-3240	35	40	moderating	moderate	VERB
cjfa-3240	35	41	effect	effect	NOUN
cjfa-3240	35	42	on	on	ADP
cjfa-3240	35	43	the	the	DET
cjfa-3240	35	44	remuneration	remuneration	NOUN
cjfa-3240	35	45	.	.	PUNCT
cjfa-3240	36	1	for	for	ADP
cjfa-3240	36	2	this	this	DET
cjfa-3240	36	3	purposes	purpose	NOUN
cjfa-3240	36	4	,	,	PUNCT
cjfa-3240	36	5	a	a	DET
cjfa-3240	36	6	unique	unique	ADJ
cjfa-3240	36	7	panel	panel	NOUN
cjfa-3240	36	8	of	of	ADP
cjfa-3240	36	9	data	datum	NOUN
cjfa-3240	36	10	has	have	AUX
cjfa-3240	36	11	been	be	AUX
cjfa-3240	36	12	put	put	VERB
cjfa-3240	36	13	together	together	ADV
cjfa-3240	36	14	from	from	ADP
cjfa-3240	36	15	76	76	NUM
cjfa-3240	36	16	listed	list	VERB
cjfa-3240	36	17	spanish	spanish	ADJ
cjfa-3240	36	18	companies	company	NOUN
cjfa-3240	36	19	for	for	ADP
cjfa-3240	36	20	the	the	DET
cjfa-3240	36	21	period	period	NOUN
cjfa-3240	36	22	2004–2009	2004–2009	NUM
cjfa-3240	36	23	.	.	PUNCT
cjfa-3240	37	1	the	the	DET
cjfa-3240	37	2	findings	finding	NOUN
cjfa-3240	37	3	of	of	ADP
cjfa-3240	37	4	this	this	DET
cjfa-3240	37	5	research	research	NOUN
cjfa-3240	37	6	paper	paper	NOUN
cjfa-3240	37	7	reveal	reveal	VERB
cjfa-3240	37	8	that	that	SCONJ
cjfa-3240	37	9	the	the	DET
cjfa-3240	37	10	average	average	ADJ
cjfa-3240	37	11	compensation	compensation	NOUN
cjfa-3240	37	12	received	receive	VERB
cjfa-3240	37	13	by	by	ADP
cjfa-3240	37	14	each	each	DET
cjfa-3240	37	15	member	member	NOUN
cjfa-3240	37	16	of	of	ADP
cjfa-3240	37	17	the	the	DET
cjfa-3240	37	18	board	board	NOUN
cjfa-3240	37	19	of	of	ADP
cjfa-3240	37	20	directors	director	NOUN
cjfa-3240	37	21	is	be	AUX
cjfa-3240	37	22	€	€	SYM
cjfa-3240	37	23	194,041.77	194,041.77	NUM
cjfa-3240	37	24	for	for	ADP
cjfa-3240	37	25	2004	2004	NUM
cjfa-3240	37	26	and	and	CCONJ
cjfa-3240	37	27	€	€	SYM
cjfa-3240	37	28	273,831.32	273,831.32	NUM
cjfa-3240	37	29	for	for	ADP
cjfa-3240	37	30	2009	2009	NUM
cjfa-3240	37	31	.	.	PUNCT
cjfa-3240	38	1	these	these	DET
cjfa-3240	38	2	figures	figure	NOUN
cjfa-3240	38	3	show	show	VERB
cjfa-3240	38	4	a	a	DET
cjfa-3240	38	5	significant	significant	ADJ
cjfa-3240	38	6	increase	increase	NOUN
cjfa-3240	38	7	in	in	ADP
cjfa-3240	38	8	the	the	DET
cjfa-3240	38	9	remuneration	remuneration	NOUN
cjfa-3240	38	10	amounts	amount	VERB
cjfa-3240	38	11	despite	despite	SCONJ
cjfa-3240	38	12	the	the	DET
cjfa-3240	38	13	economic	economic	ADJ
cjfa-3240	38	14	crisis	crisis	NOUN
cjfa-3240	38	15	in	in	ADP
cjfa-3240	38	16	which	which	PRON
cjfa-3240	38	17	spain	spain	PROPN
cjfa-3240	38	18	finds	find	VERB
cjfa-3240	38	19	since	since	SCONJ
cjfa-3240	38	20	2007	2007	NUM
cjfa-3240	38	21	.	.	PUNCT
cjfa-3240	39	1	furthermore	furthermore	ADV
cjfa-3240	39	2	,	,	PUNCT
cjfa-3240	39	3	it	it	PRON
cjfa-3240	39	4	was	be	AUX
cjfa-3240	39	5	found	find	VERB
cjfa-3240	39	6	that	that	SCONJ
cjfa-3240	39	7	the	the	DET
cjfa-3240	39	8	effect	effect	NOUN
cjfa-3240	39	9	of	of	ADP
cjfa-3240	39	10	the	the	DET
cjfa-3240	39	11	independence	independence	NOUN
cjfa-3240	39	12	board	board	NOUN
cjfa-3240	39	13	on	on	ADP
cjfa-3240	39	14	directors	director	NOUN
cjfa-3240	39	15	´	´	NOUN
cjfa-3240	39	16	compensation	compensation	NOUN
cjfa-3240	39	17	depend	depend	VERB
cjfa-3240	39	18	of	of	ADP
cjfa-3240	39	19	the	the	DET
cjfa-3240	39	20	type	type	NOUN
cjfa-3240	39	21	of	of	ADP
cjfa-3240	39	22	remuneration	remuneration	NOUN
cjfa-3240	39	23	.	.	PUNCT
cjfa-3240	40	1	the	the	DET
cjfa-3240	40	2	paper	paper	NOUN
cjfa-3240	40	3	contributes	contribute	VERB
cjfa-3240	40	4	to	to	ADP
cjfa-3240	40	5	the	the	DET
cjfa-3240	40	6	existing	exist	VERB
cjfa-3240	40	7	literature	literature	NOUN
cjfa-3240	40	8	in	in	ADP
cjfa-3240	40	9	several	several	ADJ
cjfa-3240	40	10	ways	way	NOUN
cjfa-3240	40	11	.	.	PUNCT
cjfa-3240	41	1	first	first	ADV
cjfa-3240	41	2	,	,	PUNCT
cjfa-3240	41	3	descriptive	descriptive	ADJ
cjfa-3240	41	4	empirical	empirical	ADJ
cjfa-3240	41	5	evidence	evidence	NOUN
cjfa-3240	41	6	on	on	ADP
cjfa-3240	41	7	the	the	DET
cjfa-3240	41	8	compensation	compensation	NOUN
cjfa-3240	41	9	is	be	AUX
cjfa-3240	41	10	provided	provide	VERB
cjfa-3240	41	11	within	within	ADP
cjfa-3240	41	12	a	a	DET
cjfa-3240	41	13	unitary	unitary	ADJ
cjfa-3240	41	14	board	board	NOUN
cjfa-3240	41	15	system	system	NOUN
cjfa-3240	41	16	.	.	PUNCT
cjfa-3240	42	1	secondly	secondly	ADV
cjfa-3240	42	2	,	,	PUNCT
cjfa-3240	42	3	an	an	DET
cjfa-3240	42	4	ample	ample	ADJ
cjfa-3240	42	5	panel	panel	NOUN
cjfa-3240	42	6	data	datum	NOUN
cjfa-3240	42	7	set	set	VERB
cjfa-3240	42	8	enables	enable	VERB
cjfa-3240	42	9	the	the	DET
cjfa-3240	42	10	examination	examination	NOUN
cjfa-3240	42	11	of	of	ADP
cjfa-3240	42	12	a	a	DET
cjfa-3240	42	13	set	set	NOUN
cjfa-3240	42	14	of	of	ADP
cjfa-3240	42	15	determinants	determinant	NOUN
cjfa-3240	42	16	using	use	VERB
cjfa-3240	42	17	panel	panel	NOUN
cjfa-3240	42	18	data	datum	NOUN
cjfa-3240	42	19	methods	method	NOUN
cjfa-3240	42	20	which	which	PRON
cjfa-3240	42	21	control	control	VERB
cjfa-3240	42	22	for	for	ADP
cjfa-3240	42	23	unobserved	unobserved	ADJ
cjfa-3240	42	24	firm	firm	ADJ
cjfa-3240	42	25	heterogeneity	heterogeneity	NOUN
cjfa-3240	42	26	.	.	PUNCT
cjfa-3240	43	1	finally	finally	ADV
cjfa-3240	43	2	,	,	PUNCT
cjfa-3240	43	3	the	the	DET
cjfa-3240	43	4	perspective	perspective	NOUN
cjfa-3240	43	5	is	be	AUX
cjfa-3240	43	6	extended	extend	VERB
cjfa-3240	43	7	from	from	ADP
cjfa-3240	43	8	total	total	ADJ
cjfa-3240	43	9	remuneration	remuneration	NOUN
cjfa-3240	43	10	to	to	ADP
cjfa-3240	43	11	the	the	DET
cjfa-3240	43	12	different	different	ADJ
cjfa-3240	43	13	remuneration	remuneration	NOUN
cjfa-3240	43	14	systems	system	NOUN
cjfa-3240	43	15	in	in	ADP
cjfa-3240	43	16	order	order	NOUN
cjfa-3240	43	17	to	to	PART
cjfa-3240	43	18	see	see	VERB
cjfa-3240	43	19	the	the	DET
cjfa-3240	43	20	effect	effect	NOUN
cjfa-3240	43	21	of	of	ADP
cjfa-3240	43	22	board	board	NOUN
cjfa-3240	43	23	independence	independence	NOUN
cjfa-3240	43	24	has	have	VERB
cjfa-3240	43	25	on	on	ADP
cjfa-3240	43	26	different	different	ADJ
cjfa-3240	43	27	pay	pay	NOUN
cjfa-3240	43	28	systems	system	NOUN
cjfa-3240	43	29	not	not	PART
cjfa-3240	43	30	only	only	ADV
cjfa-3240	43	31	on	on	ADP
cjfa-3240	43	32	the	the	DET
cjfa-3240	43	33	total	total	ADJ
cjfa-3240	43	34	remuneration	remuneration	NOUN
cjfa-3240	43	35	.	.	PUNCT
cjfa-3240	44	1	this	this	PRON
cjfa-3240	44	2	may	may	AUX
cjfa-3240	44	3	became	become	VERB
cjfa-3240	44	4	relevant	relevant	ADJ
cjfa-3240	44	5	since	since	SCONJ
cjfa-3240	44	6	the	the	DET
cjfa-3240	44	7	remuneration	remuneration	NOUN
cjfa-3240	44	8	structure	structure	NOUN
cjfa-3240	44	9	in	in	ADP
cjfa-3240	44	10	spain	spain	PROPN
cjfa-3240	44	11	(	(	PUNCT
cjfa-3240	44	12	similar	similar	ADJ
cjfa-3240	44	13	to	to	ADP
cjfa-3240	44	14	other	other	ADJ
cjfa-3240	44	15	european	european	PROPN
cjfa-3240	44	16	union	union	PROPN
cjfa-3240	44	17	countries	country	NOUN
cjfa-3240	44	18	)	)	PUNCT
cjfa-3240	44	19	differs	differ	VERB
cjfa-3240	44	20	from	from	ADP
cjfa-3240	44	21	that	that	PRON
cjfa-3240	44	22	presented	present	VERB
cjfa-3240	44	23	others	other	NOUN
cjfa-3240	44	24	countries	country	NOUN
cjfa-3240	44	25	–	–	PUNCT
cjfa-3240	44	26	for	for	ADP
cjfa-3240	44	27	example	example	NOUN
cjfa-3240	44	28	us	we	PRON
cjfa-3240	44	29	–	–	PUNCT
cjfa-3240	44	30	because	because	SCONJ
cjfa-3240	44	31	the	the	DET
cjfa-3240	44	32	fixed	fix	VERB
cjfa-3240	44	33	salary	salary	NOUN
cjfa-3240	44	34	is	be	AUX
cjfa-3240	44	35	the	the	DET
cjfa-3240	44	36	greatest	great	ADJ
cjfa-3240	44	37	weight	weight	NOUN
cjfa-3240	44	38	on	on	ADP
cjfa-3240	44	39	the	the	DET
cjfa-3240	44	40	total	total	ADJ
cjfa-3240	44	41	remuneration	remuneration	NOUN
cjfa-3240	44	42	.	.	PUNCT
cjfa-3240	45	1	therefore	therefore	ADV
cjfa-3240	45	2	,	,	PUNCT
cjfa-3240	45	3	this	this	DET
cjfa-3240	45	4	paper	paper	NOUN
cjfa-3240	45	5	aims	aim	VERB
cjfa-3240	45	6	to	to	PART
cjfa-3240	45	7	contribute	contribute	VERB
cjfa-3240	45	8	to	to	ADP
cjfa-3240	45	9	the	the	DET
cjfa-3240	45	10	limited	limited	ADJ
cjfa-3240	45	11	empirical	empirical	ADJ
cjfa-3240	45	12	evidence	evidence	NOUN
cjfa-3240	45	13	on	on	ADP
cjfa-3240	45	14	this	this	DET
cjfa-3240	45	15	pay	pay	NOUN
cjfa-3240	45	16	structures	structure	NOUN
cjfa-3240	45	17	because	because	SCONJ
cjfa-3240	45	18	most	most	ADJ
cjfa-3240	45	19	studies	study	NOUN
cjfa-3240	45	20	have	have	AUX
cjfa-3240	45	21	focused	focus	VERB
cjfa-3240	45	22	on	on	ADP
cjfa-3240	45	23	us	we	PRON
cjfa-3240	45	24	.	.	PUNCT
cjfa-3240	46	1	this	this	DET
cjfa-3240	46	2	work	work	NOUN
cjfa-3240	46	3	is	be	AUX
cjfa-3240	46	4	organized	organize	VERB
cjfa-3240	46	5	as	as	SCONJ
cjfa-3240	46	6	follows	follow	VERB
cjfa-3240	46	7	:	:	PUNCT
cjfa-3240	46	8	first	first	ADV
cjfa-3240	46	9	,	,	PUNCT
cjfa-3240	46	10	a	a	DET
cjfa-3240	46	11	revision	revision	NOUN
cjfa-3240	46	12	of	of	ADP
cjfa-3240	46	13	director	director	NOUN
cjfa-3240	46	14	compensation	compensation	NOUN
cjfa-3240	46	15	system	system	NOUN
cjfa-3240	46	16	in	in	ADP
cjfa-3240	46	17	spain	spain	PROPN
cjfa-3240	46	18	is	be	AUX
cjfa-3240	46	19	presented	present	VERB
cjfa-3240	46	20	;	;	PUNCT
cjfa-3240	46	21	secondly	secondly	ADV
cjfa-3240	46	22	,	,	PUNCT
cjfa-3240	46	23	a	a	DET
cjfa-3240	46	24	review	review	NOUN
cjfa-3240	46	25	of	of	ADP
cjfa-3240	46	26	previous	previous	ADJ
cjfa-3240	46	27	literature	literature	NOUN
cjfa-3240	46	28	on	on	ADP
cjfa-3240	46	29	the	the	DET
cjfa-3240	46	30	elena	elena	NOUN
cjfa-3240	46	31	merino	merino	NOUN
cjfa-3240	46	32	,	,	PUNCT
cjfa-3240	46	33	montserrat	montserrat	PROPN
cjfa-3240	46	34	manzaneque	manzaneque	NOUN
cjfa-3240	46	35	,	,	PUNCT
cjfa-3240	46	36	alba	alba	PROPN
cjfa-3240	46	37	mª	mª	PROPN
cjfa-3240	46	38	priego128	priego128	PROPN
cjfa-3240	46	39	subject	subject	NOUN
cjfa-3240	46	40	is	be	AUX
cjfa-3240	46	41	carried	carry	VERB
cjfa-3240	46	42	out	out	ADP
cjfa-3240	46	43	;	;	PUNCT
cjfa-3240	46	44	thirdly	thirdly	ADV
cjfa-3240	46	45	,	,	PUNCT
cjfa-3240	46	46	the	the	DET
cjfa-3240	46	47	research	research	NOUN
cjfa-3240	46	48	design	design	NOUN
cjfa-3240	46	49	is	be	AUX
cjfa-3240	46	50	set	set	VERB
cjfa-3240	46	51	out	out	ADP
cjfa-3240	46	52	,	,	PUNCT
cjfa-3240	46	53	defining	define	VERB
cjfa-3240	46	54	the	the	DET
cjfa-3240	46	55	sample	sample	NOUN
cjfa-3240	46	56	and	and	CCONJ
cjfa-3240	46	57	the	the	DET
cjfa-3240	46	58	variables	variable	NOUN
cjfa-3240	46	59	under	under	ADP
cjfa-3240	46	60	study	study	NOUN
cjfa-3240	46	61	;	;	PUNCT
cjfa-3240	46	62	fourthly	fourthly	ADV
cjfa-3240	46	63	,	,	PUNCT
cjfa-3240	46	64	the	the	DET
cjfa-3240	46	65	application	application	NOUN
cjfa-3240	46	66	of	of	ADP
cjfa-3240	46	67	relevant	relevant	ADJ
cjfa-3240	46	68	statistical	statistical	ADJ
cjfa-3240	46	69	techniques	technique	NOUN
cjfa-3240	46	70	is	be	AUX
cjfa-3240	46	71	dealt	deal	VERB
cjfa-3240	46	72	with	with	ADP
cjfa-3240	46	73	and	and	CCONJ
cjfa-3240	46	74	the	the	DET
cjfa-3240	46	75	main	main	ADJ
cjfa-3240	46	76	results	result	NOUN
cjfa-3240	46	77	are	be	AUX
cjfa-3240	46	78	analyzed	analyze	VERB
cjfa-3240	46	79	;	;	PUNCT
cjfa-3240	46	80	and	and	CCONJ
cjfa-3240	46	81	finally	finally	ADV
cjfa-3240	46	82	,	,	PUNCT
cjfa-3240	46	83	the	the	DET
cjfa-3240	46	84	main	main	ADJ
cjfa-3240	46	85	conclusions	conclusion	NOUN
cjfa-3240	46	86	are	be	AUX
cjfa-3240	46	87	discussed	discuss	VERB
cjfa-3240	46	88	.	.	PUNCT
cjfa-3240	47	1	1	1	X
cjfa-3240	47	2	.	.	X
cjfa-3240	47	3	director	director	NOUN
cjfa-3240	47	4	compensation	compensation	PROPN
cjfa-3240	47	5	in	in	ADP
cjfa-3240	47	6	spain	spain	PROPN
cjfa-3240	47	7	although	although	SCONJ
cjfa-3240	47	8	the	the	DET
cjfa-3240	47	9	position	position	NOUN
cjfa-3240	47	10	of	of	ADP
cjfa-3240	47	11	director	director	NOUN
cjfa-3240	47	12	is	be	AUX
cjfa-3240	47	13	presumed	presume	VERB
cjfa-3240	47	14	free	free	ADJ
cjfa-3240	47	15	under	under	ADP
cjfa-3240	47	16	the	the	DET
cjfa-3240	47	17	spanish	spanish	ADJ
cjfa-3240	47	18	law	law	NOUN
cjfa-3240	47	19	except	except	SCONJ
cjfa-3240	47	20	when	when	SCONJ
cjfa-3240	47	21	the	the	DET
cjfa-3240	47	22	statutes	statute	NOUN
cjfa-3240	47	23	collect	collect	VERB
cjfa-3240	47	24	otherwise1	otherwise1	NOUN
cjfa-3240	47	25	,	,	PUNCT
cjfa-3240	47	26	it	it	PRON
cjfa-3240	47	27	is	be	AUX
cjfa-3240	47	28	habitual	habitual	ADJ
cjfa-3240	47	29	that	that	SCONJ
cjfa-3240	47	30	the	the	DET
cjfa-3240	47	31	directors	director	NOUN
cjfa-3240	47	32	receive	receive	VERB
cjfa-3240	47	33	remuneration	remuneration	NOUN
cjfa-3240	47	34	which	which	PRON
cjfa-3240	47	35	has	have	AUX
cjfa-3240	47	36	become	become	VERB
cjfa-3240	47	37	significant	significant	ADJ
cjfa-3240	47	38	as	as	SCONJ
cjfa-3240	47	39	we	we	PRON
cjfa-3240	47	40	have	have	AUX
cjfa-3240	47	41	already	already	ADV
cjfa-3240	47	42	discussed	discuss	VERB
cjfa-3240	47	43	above	above	ADV
cjfa-3240	47	44	.	.	PUNCT
cjfa-3240	48	1	the	the	DET
cjfa-3240	48	2	directors	director	NOUN
cjfa-3240	48	3	can	can	AUX
cjfa-3240	48	4	be	be	AUX
cjfa-3240	48	5	paid	pay	VERB
cjfa-3240	48	6	through	through	ADP
cjfa-3240	48	7	different	different	ADJ
cjfa-3240	48	8	systems	system	NOUN
cjfa-3240	48	9	:	:	PUNCT
cjfa-3240	48	10	fixed	fix	VERB
cjfa-3240	48	11	salary	salary	NOUN
cjfa-3240	48	12	,	,	PUNCT
cjfa-3240	48	13	variable	variable	ADJ
cjfa-3240	48	14	salary	salary	NOUN
cjfa-3240	48	15	,	,	PUNCT
cjfa-3240	48	16	attendance	attendance	NOUN
cjfa-3240	48	17	fees	fee	NOUN
cjfa-3240	48	18	,	,	PUNCT
cjfa-3240	48	19	salary	salary	NOUN
cjfa-3240	48	20	fees	fee	NOUN
cjfa-3240	48	21	,	,	PUNCT
cjfa-3240	48	22	stock	stock	NOUN
cjfa-3240	48	23	options	option	NOUN
cjfa-3240	48	24	and/or	and/or	CCONJ
cjfa-3240	48	25	other	other	ADJ
cjfa-3240	48	26	financial	financial	ADJ
cjfa-3240	48	27	instruments	instrument	NOUN
cjfa-3240	48	28	and	and	CCONJ
cjfa-3240	48	29	other	other	ADJ
cjfa-3240	48	30	remuneration	remuneration	NOUN
cjfa-3240	48	31	(	(	PUNCT
cjfa-3240	48	32	advances	advance	NOUN
cjfa-3240	48	33	,	,	PUNCT
cjfa-3240	48	34	loans	loan	NOUN
cjfa-3240	48	35	,	,	PUNCT
cjfa-3240	48	36	funds	fund	NOUN
cjfa-3240	48	37	and	and	CCONJ
cjfa-3240	48	38	pension	pension	NOUN
cjfa-3240	48	39	plans	plan	NOUN
cjfa-3240	48	40	,	,	PUNCT
cjfa-3240	48	41	insurance	insurance	NOUN
cjfa-3240	48	42	premium	premium	NOUN
cjfa-3240	48	43	and	and	CCONJ
cjfa-3240	48	44	guarantees	guarantee	NOUN
cjfa-3240	48	45	provided	provide	VERB
cjfa-3240	48	46	for	for	ADP
cjfa-3240	48	47	directors	director	NOUN
cjfa-3240	48	48	)	)	PUNCT
cjfa-3240	48	49	.	.	PUNCT
cjfa-3240	49	1	in	in	ADP
cjfa-3240	49	2	practice	practice	NOUN
cjfa-3240	49	3	we	we	PRON
cjfa-3240	49	4	find	find	VERB
cjfa-3240	49	5	that	that	SCONJ
cjfa-3240	49	6	,	,	PUNCT
cjfa-3240	49	7	mostly	mostly	ADV
cjfa-3240	49	8	,	,	PUNCT
cjfa-3240	49	9	companies	company	NOUN
cjfa-3240	49	10	attribute	attribute	VERB
cjfa-3240	49	11	fixed	fix	VERB
cjfa-3240	49	12	remuneration	remuneration	NOUN
cjfa-3240	49	13	.	.	PUNCT
cjfa-3240	50	1	thus	thus	ADV
cjfa-3240	50	2	,	,	PUNCT
cjfa-3240	50	3	according	accord	VERB
cjfa-3240	50	4	to	to	ADP
cjfa-3240	50	5	heidrick	heidrick	PROPN
cjfa-3240	50	6	&	&	CCONJ
cjfa-3240	50	7	struggles	struggle	VERB
cjfa-3240	50	8	report	report	NOUN
cjfa-3240	50	9	(	(	PUNCT
cjfa-3240	50	10	2009	2009	NUM
cjfa-3240	50	11	)	)	PUNCT
cjfa-3240	50	12	,	,	PUNCT
cjfa-3240	50	13	in	in	ADP
cjfa-3240	50	14	spain	spain	PROPN
cjfa-3240	50	15	the	the	DET
cjfa-3240	50	16	fixed	fix	VERB
cjfa-3240	50	17	concept	concept	NOUN
cjfa-3240	50	18	reaches	reach	VERB
cjfa-3240	50	19	for	for	ADP
cjfa-3240	50	20	79	79	NUM
cjfa-3240	50	21	%	%	NOUN
cjfa-3240	50	22	of	of	ADP
cjfa-3240	50	23	the	the	DET
cjfa-3240	50	24	total	total	ADJ
cjfa-3240	50	25	compensation	compensation	NOUN
cjfa-3240	50	26	granted	grant	VERB
cjfa-3240	50	27	to	to	ADP
cjfa-3240	50	28	directors	director	NOUN
cjfa-3240	50	29	.	.	PUNCT
cjfa-3240	51	1	meanwhile	meanwhile	ADV
cjfa-3240	51	2	,	,	PUNCT
cjfa-3240	51	3	only	only	ADV
cjfa-3240	51	4	8.5	8.5	NUM
cjfa-3240	51	5	%	%	NOUN
cjfa-3240	51	6	of	of	ADP
cjfa-3240	51	7	spanish	spanish	ADJ
cjfa-3240	51	8	companies	company	NOUN
cjfa-3240	51	9	,	,	PUNCT
cjfa-3240	51	10	according	accord	VERB
cjfa-3240	51	11	to	to	ADP
cjfa-3240	51	12	a	a	DET
cjfa-3240	51	13	study	study	NOUN
cjfa-3240	51	14	by	by	ADP
cjfa-3240	51	15	spencer	spencer	PROPN
cjfa-3240	51	16	stuart	stuart	PROPN
cjfa-3240	51	17	(	(	PUNCT
cjfa-3240	51	18	2010	2010	NUM
cjfa-3240	51	19	)	)	PUNCT
cjfa-3240	51	20	in	in	ADP
cjfa-3240	51	21	spain	spain	PROPN
cjfa-3240	51	22	,	,	PUNCT
cjfa-3240	51	23	pay	pay	VERB
cjfa-3240	51	24	to	to	ADP
cjfa-3240	51	25	their	their	PRON
cjfa-3240	51	26	directors	director	NOUN
cjfa-3240	51	27	in	in	ADP
cjfa-3240	51	28	shares	share	NOUN
cjfa-3240	51	29	,	,	PUNCT
cjfa-3240	51	30	although	although	SCONJ
cjfa-3240	51	31	this	this	DET
cjfa-3240	51	32	system	system	NOUN
cjfa-3240	51	33	has	have	AUX
cjfa-3240	51	34	been	be	AUX
cjfa-3240	51	35	given	give	VERB
cjfa-3240	51	36	only	only	ADV
cjfa-3240	51	37	to	to	ADP
cjfa-3240	51	38	non	non	ADJ
cjfa-3240	51	39	-	-	ADJ
cjfa-3240	51	40	executive	executive	ADJ
cjfa-3240	51	41	directors	director	NOUN
cjfa-3240	51	42	.	.	PUNCT
cjfa-3240	52	1	also	also	ADV
cjfa-3240	52	2	,	,	PUNCT
cjfa-3240	52	3	21	21	NUM
cjfa-3240	52	4	%	%	NOUN
cjfa-3240	52	5	of	of	ADP
cjfa-3240	52	6	the	the	DET
cjfa-3240	52	7	companies	company	NOUN
cjfa-3240	52	8	studied	study	VERB
cjfa-3240	52	9	paid	pay	VERB
cjfa-3240	52	10	the	the	DET
cjfa-3240	52	11	compensation	compensation	NOUN
cjfa-3240	52	12	based	base	VERB
cjfa-3240	52	13	on	on	ADP
cjfa-3240	52	14	external	external	ADJ
cjfa-3240	52	15	results	result	NOUN
cjfa-3240	52	16	.	.	PUNCT
cjfa-3240	53	1	this	this	DET
cjfa-3240	53	2	situation	situation	NOUN
cjfa-3240	53	3	is	be	AUX
cjfa-3240	53	4	similar	similar	ADJ
cjfa-3240	53	5	to	to	ADP
cjfa-3240	53	6	what	what	PRON
cjfa-3240	53	7	occurs	occur	VERB
cjfa-3240	53	8	in	in	ADP
cjfa-3240	53	9	other	other	ADJ
cjfa-3240	53	10	european	european	PROPN
cjfa-3240	53	11	union	union	PROPN
cjfa-3240	53	12	countries	country	NOUN
cjfa-3240	53	13	such	such	ADJ
cjfa-3240	53	14	as	as	ADP
cjfa-3240	53	15	france	france	PROPN
cjfa-3240	53	16	and	and	CCONJ
cjfa-3240	53	17	germany	germany	PROPN
cjfa-3240	53	18	,	,	PUNCT
cjfa-3240	53	19	where	where	SCONJ
cjfa-3240	53	20	around	around	ADV
cjfa-3240	53	21	40	40	NUM
cjfa-3240	53	22	%	%	NOUN
cjfa-3240	53	23	of	of	ADP
cjfa-3240	53	24	the	the	DET
cjfa-3240	53	25	directors	director	NOUN
cjfa-3240	53	26	'	'	PART
cjfa-3240	53	27	remuneration	remuneration	NOUN
cjfa-3240	53	28	corresponds	correspond	VERB
cjfa-3240	53	29	to	to	ADP
cjfa-3240	53	30	variable	variable	ADJ
cjfa-3240	53	31	compensation	compensation	NOUN
cjfa-3240	53	32	.	.	PUNCT
cjfa-3240	54	1	there	there	PRON
cjfa-3240	54	2	is	be	VERB
cjfa-3240	54	3	great	great	ADJ
cjfa-3240	54	4	difference	difference	NOUN
cjfa-3240	54	5	if	if	SCONJ
cjfa-3240	54	6	we	we	PRON
cjfa-3240	54	7	compare	compare	VERB
cjfa-3240	54	8	with	with	ADP
cjfa-3240	54	9	countries	country	NOUN
cjfa-3240	54	10	outside	outside	ADP
cjfa-3240	54	11	europe	europe	PROPN
cjfa-3240	54	12	,	,	PUNCT
cjfa-3240	54	13	for	for	ADP
cjfa-3240	54	14	example	example	NOUN
cjfa-3240	54	15	,	,	PUNCT
cjfa-3240	54	16	usa	usa	PROPN
cjfa-3240	54	17	,	,	PUNCT
cjfa-3240	54	18	where	where	SCONJ
cjfa-3240	54	19	79	79	NUM
cjfa-3240	54	20	%	%	NOUN
cjfa-3240	54	21	of	of	ADP
cjfa-3240	54	22	companies	company	NOUN
cjfa-3240	54	23	pay	pay	VERB
cjfa-3240	54	24	their	their	PRON
cjfa-3240	54	25	directors	director	NOUN
cjfa-3240	54	26	in	in	ADP
cjfa-3240	54	27	shares	share	NOUN
cjfa-3240	54	28	and	and	CCONJ
cjfa-3240	54	29	where	where	SCONJ
cjfa-3240	54	30	the	the	DET
cjfa-3240	54	31	fixed	fix	VERB
cjfa-3240	54	32	remuneration	remuneration	NOUN
cjfa-3240	54	33	is	be	AUX
cjfa-3240	54	34	only	only	ADV
cjfa-3240	54	35	one	one	NUM
cjfa-3240	54	36	fourth	fourth	ADJ
cjfa-3240	54	37	of	of	ADP
cjfa-3240	54	38	the	the	DET
cjfa-3240	54	39	total	total	ADJ
cjfa-3240	54	40	compensation	compensation	NOUN
cjfa-3240	54	41	(	(	PUNCT
cjfa-3240	54	42	heidrick	heidrick	NOUN
cjfa-3240	54	43	&	&	CCONJ
cjfa-3240	54	44	struggles	struggle	VERB
cjfa-3240	54	45	report	report	VERB
cjfa-3240	54	46	2009	2009	NUM
cjfa-3240	54	47	)	)	PUNCT
cjfa-3240	54	48	.	.	PUNCT
cjfa-3240	55	1	2	2	X
cjfa-3240	55	2	.	.	X
cjfa-3240	55	3	board	board	NOUN
cjfa-3240	55	4	characteristics	characteristic	NOUN
cjfa-3240	55	5	and	and	CCONJ
cjfa-3240	55	6	directors	director	NOUN
cjfa-3240	55	7	’	'	PUNCT
cjfa-3240	55	8	compensation	compensation	NOUN
cjfa-3240	55	9	following	follow	VERB
cjfa-3240	55	10	the	the	DET
cjfa-3240	55	11	perspective	perspective	NOUN
cjfa-3240	55	12	of	of	ADP
cjfa-3240	55	13	agency	agency	PROPN
cjfa-3240	55	14	theory	theory	NOUN
cjfa-3240	55	15	,	,	PUNCT
cjfa-3240	55	16	compensation	compensation	NOUN
cjfa-3240	55	17	is	be	AUX
cjfa-3240	55	18	one	one	NUM
cjfa-3240	55	19	of	of	ADP
cjfa-3240	55	20	the	the	DET
cjfa-3240	55	21	most	most	ADV
cjfa-3240	55	22	important	important	ADJ
cjfa-3240	55	23	incentive	incentive	NOUN
cjfa-3240	55	24	mechanisms	mechanism	NOUN
cjfa-3240	55	25	to	to	PART
cjfa-3240	55	26	align	align	VERB
cjfa-3240	55	27	interests	interest	NOUN
cjfa-3240	55	28	between	between	ADP
cjfa-3240	55	29	directors	director	NOUN
cjfa-3240	55	30	and	and	CCONJ
cjfa-3240	55	31	shareholders	shareholder	NOUN
cjfa-3240	55	32	,	,	PUNCT
cjfa-3240	55	33	and	and	CCONJ
cjfa-3240	55	34	to	to	PART
cjfa-3240	55	35	serve	serve	VERB
cjfa-3240	55	36	as	as	ADP
cjfa-3240	55	37	an	an	DET
cjfa-3240	55	38	incentive	incentive	NOUN
cjfa-3240	55	39	to	to	PART
cjfa-3240	55	40	compel	compel	VERB
cjfa-3240	55	41	the	the	DET
cjfa-3240	55	42	board	board	NOUN
cjfa-3240	55	43	members	member	NOUN
cjfa-3240	55	44	to	to	PART
cjfa-3240	55	45	meet	meet	VERB
cjfa-3240	55	46	the	the	DET
cjfa-3240	55	47	objective	objective	NOUN
cjfa-3240	55	48	of	of	ADP
cjfa-3240	55	49	maximizing	maximize	VERB
cjfa-3240	55	50	the	the	DET
cjfa-3240	55	51	value	value	NOUN
cjfa-3240	55	52	of	of	ADP
cjfa-3240	55	53	the	the	DET
cjfa-3240	55	54	company	company	NOUN
cjfa-3240	55	55	.	.	PUNCT
cjfa-3240	56	1	a	a	DET
cjfa-3240	56	2	number	number	NOUN
cjfa-3240	56	3	of	of	ADP
cjfa-3240	56	4	previous	previous	ADJ
cjfa-3240	56	5	studies	study	NOUN
cjfa-3240	56	6	,	,	PUNCT
cjfa-3240	56	7	however	however	ADV
cjfa-3240	56	8	,	,	PUNCT
cjfa-3240	56	9	show	show	VERB
cjfa-3240	56	10	that	that	SCONJ
cjfa-3240	56	11	excessive	excessive	ADJ
cjfa-3240	56	12	compensation	compensation	NOUN
cjfa-3240	56	13	could	could	AUX
cjfa-3240	56	14	contribute	contribute	VERB
cjfa-3240	56	15	to	to	ADP
cjfa-3240	56	16	a	a	DET
cjfa-3240	56	17	lack	lack	NOUN
cjfa-3240	56	18	of	of	ADP
cjfa-3240	56	19	1	1	NUM
cjfa-3240	56	20	 	 	SPACE
cjfa-3240	56	21	article	article	NOUN
cjfa-3240	56	22	217	217	NUM
cjfa-3240	56	23	trlsc	trlsc	NOUN
cjfa-3240	56	24	.	.	PUNCT
cjfa-3240	57	1	“	"	PUNCT
cjfa-3240	57	2	board	board	NOUN
cjfa-3240	57	3	independence	independence	NOUN
cjfa-3240	57	4	”	"	PUNCT
cjfa-3240	57	5	and	and	CCONJ
cjfa-3240	57	6	compensation	compensation	NOUN
cjfa-3240	57	7	structure	structure	NOUN
cjfa-3240	57	8	of	of	ADP
cjfa-3240	57	9	directors	director	NOUN
cjfa-3240	57	10	129	129	NUM
cjfa-3240	57	11	independence	independence	NOUN
cjfa-3240	57	12	and	and	CCONJ
cjfa-3240	57	13	control	control	NOUN
cjfa-3240	57	14	of	of	ADP
cjfa-3240	57	15	the	the	DET
cjfa-3240	57	16	board	board	NOUN
cjfa-3240	57	17	over	over	ADP
cjfa-3240	57	18	the	the	DET
cjfa-3240	57	19	management	management	NOUN
cjfa-3240	57	20	which	which	PRON
cjfa-3240	57	21	could	could	AUX
cjfa-3240	57	22	result	result	VERB
cjfa-3240	57	23	in	in	ADP
cjfa-3240	57	24	expropriation	expropriation	NOUN
cjfa-3240	57	25	of	of	ADP
cjfa-3240	57	26	shareholders	shareholder	NOUN
cjfa-3240	57	27	'	'	PART
cjfa-3240	57	28	wealth	wealth	NOUN
cjfa-3240	57	29	through	through	ADP
cjfa-3240	57	30	this	this	DET
cjfa-3240	57	31	compensation	compensation	NOUN
cjfa-3240	57	32	.	.	PUNCT
cjfa-3240	58	1	in	in	ADP
cjfa-3240	58	2	fact	fact	NOUN
cjfa-3240	58	3	,	,	PUNCT
cjfa-3240	58	4	this	this	DET
cjfa-3240	58	5	mechanism	mechanism	NOUN
cjfa-3240	58	6	of	of	ADP
cjfa-3240	58	7	compensation	compensation	NOUN
cjfa-3240	58	8	of	of	ADP
cjfa-3240	58	9	directors	director	NOUN
cjfa-3240	58	10	has	have	AUX
cjfa-3240	58	11	grown	grow	VERB
cjfa-3240	58	12	from	from	ADP
cjfa-3240	58	13	a	a	DET
cjfa-3240	58	14	solution	solution	NOUN
cjfa-3240	58	15	to	to	ADP
cjfa-3240	58	16	the	the	DET
cjfa-3240	58	17	conflict	conflict	NOUN
cjfa-3240	58	18	of	of	ADP
cjfa-3240	58	19	interest	interest	NOUN
cjfa-3240	58	20	between	between	ADP
cjfa-3240	58	21	managers	manager	NOUN
cjfa-3240	58	22	and	and	CCONJ
cjfa-3240	58	23	shareholders	shareholder	NOUN
cjfa-3240	58	24	and	and	CCONJ
cjfa-3240	58	25	has	have	AUX
cjfa-3240	58	26	become	become	VERB
cjfa-3240	58	27	a	a	DET
cjfa-3240	58	28	problem	problem	NOUN
cjfa-3240	58	29	.	.	PUNCT
cjfa-3240	59	1	this	this	PRON
cjfa-3240	59	2	has	have	AUX
cjfa-3240	59	3	occurred	occur	VERB
cjfa-3240	59	4	as	as	ADP
cjfa-3240	59	5	a	a	DET
cjfa-3240	59	6	result	result	NOUN
cjfa-3240	59	7	of	of	ADP
cjfa-3240	59	8	the	the	DET
cjfa-3240	59	9	economic	economic	ADJ
cjfa-3240	59	10	crisis	crisis	NOUN
cjfa-3240	59	11	of	of	ADP
cjfa-3240	59	12	2007	2007	NUM
cjfa-3240	59	13	,	,	PUNCT
cjfa-3240	59	14	which	which	PRON
cjfa-3240	59	15	has	have	AUX
cjfa-3240	59	16	shown	show	VERB
cjfa-3240	59	17	how	how	SCONJ
cjfa-3240	59	18	in	in	ADP
cjfa-3240	59	19	times	time	NOUN
cjfa-3240	59	20	of	of	ADP
cjfa-3240	59	21	austerity	austerity	NOUN
cjfa-3240	59	22	measures	measure	NOUN
cjfa-3240	59	23	the	the	DET
cjfa-3240	59	24	directors	director	NOUN
cjfa-3240	59	25	continued	continue	VERB
cjfa-3240	59	26	to	to	PART
cjfa-3240	59	27	receive	receive	VERB
cjfa-3240	59	28	high	high	ADJ
cjfa-3240	59	29	salaries	salary	NOUN
cjfa-3240	59	30	,	,	PUNCT
cjfa-3240	59	31	while	while	SCONJ
cjfa-3240	59	32	shareholders	shareholder	NOUN
cjfa-3240	59	33	saw	see	VERB
cjfa-3240	59	34	how	how	SCONJ
cjfa-3240	59	35	the	the	DET
cjfa-3240	59	36	value	value	NOUN
cjfa-3240	59	37	of	of	ADP
cjfa-3240	59	38	their	their	PRON
cjfa-3240	59	39	shares	share	NOUN
cjfa-3240	59	40	fell	fall	VERB
cjfa-3240	59	41	sharply	sharply	ADV
cjfa-3240	59	42	in	in	ADP
cjfa-3240	59	43	the	the	DET
cjfa-3240	59	44	markets	market	NOUN
cjfa-3240	59	45	.	.	PUNCT
cjfa-3240	60	1	in	in	ADP
cjfa-3240	60	2	this	this	DET
cjfa-3240	60	3	situation	situation	NOUN
cjfa-3240	60	4	,	,	PUNCT
cjfa-3240	60	5	the	the	DET
cjfa-3240	60	6	literature	literature	NOUN
cjfa-3240	60	7	points	point	VERB
cjfa-3240	60	8	to	to	ADP
cjfa-3240	60	9	as	as	ADP
cjfa-3240	60	10	a	a	DET
cjfa-3240	60	11	solution	solution	NOUN
cjfa-3240	60	12	to	to	PART
cjfa-3240	60	13	increase	increase	VERB
cjfa-3240	60	14	the	the	DET
cjfa-3240	60	15	board	board	NOUN
cjfa-3240	60	16	independence	independence	NOUN
cjfa-3240	60	17	in	in	ADP
cjfa-3240	60	18	order	order	NOUN
cjfa-3240	60	19	to	to	PART
cjfa-3240	60	20	control	control	VERB
cjfa-3240	60	21	the	the	DET
cjfa-3240	60	22	excesses	excess	NOUN
cjfa-3240	60	23	compensation	compensation	NOUN
cjfa-3240	60	24	since	since	SCONJ
cjfa-3240	60	25	the	the	DET
cjfa-3240	60	26	characteristics	characteristic	NOUN
cjfa-3240	60	27	of	of	ADP
cjfa-3240	60	28	board	board	NOUN
cjfa-3240	60	29	of	of	ADP
cjfa-3240	60	30	directors	director	NOUN
cjfa-3240	60	31	are	be	AUX
cjfa-3240	60	32	relevant	relevant	ADJ
cjfa-3240	60	33	in	in	ADP
cjfa-3240	60	34	explaining	explain	VERB
cjfa-3240	60	35	the	the	DET
cjfa-3240	60	36	directors	director	NOUN
cjfa-3240	60	37	´	´	NOUN
cjfa-3240	60	38	compensation	compensation	NOUN
cjfa-3240	60	39	(	(	PUNCT
cjfa-3240	60	40	bebchuck	bebchuck	NOUN
cjfa-3240	60	41	,	,	PUNCT
cjfa-3240	60	42	fried	fry	VERB
cjfa-3240	60	43	2004	2004	NUM
cjfa-3240	60	44	)	)	PUNCT
cjfa-3240	60	45	.	.	PUNCT
cjfa-3240	61	1	the	the	DET
cjfa-3240	61	2	main	main	ADJ
cjfa-3240	61	3	measures	measure	NOUN
cjfa-3240	61	4	that	that	PRON
cjfa-3240	61	5	are	be	AUX
cjfa-3240	61	6	frequently	frequently	ADV
cjfa-3240	61	7	used	use	VERB
cjfa-3240	61	8	to	to	PART
cjfa-3240	61	9	review	review	VERB
cjfa-3240	61	10	the	the	DET
cjfa-3240	61	11	board	board	NOUN
cjfa-3240	61	12	independence	independence	NOUN
cjfa-3240	61	13	are	be	AUX
cjfa-3240	61	14	(	(	PUNCT
cjfa-3240	61	15	ryan	ryan	PROPN
cjfa-3240	61	16	,	,	PUNCT
cjfa-3240	61	17	wiggins	wiggins	PROPN
cjfa-3240	61	18	2004	2004	NUM
cjfa-3240	61	19	;	;	PUNCT
cjfa-3240	61	20	cheng	cheng	PROPN
cjfa-3240	61	21	,	,	PUNCT
cjfa-3240	61	22	firth	firth	PROPN
cjfa-3240	61	23	2005	2005	NUM
cjfa-3240	61	24	;	;	PUNCT
cjfa-3240	61	25	conyon	conyon	NOUN
cjfa-3240	61	26	,	,	PUNCT
cjfa-3240	61	27	he	he	PRON
cjfa-3240	61	28	2008	2008	NUM
cjfa-3240	61	29	;	;	PUNCT
cjfa-3240	61	30	andreas	andreas	PROPN
cjfa-3240	61	31	et	et	PROPN
cjfa-3240	61	32	al	al	PROPN
cjfa-3240	61	33	.	.	PROPN
cjfa-3240	61	34	,	,	PUNCT
cjfa-3240	61	35	2009	2009	NUM
cjfa-3240	61	36	;	;	PUNCT
cjfa-3240	61	37	fahlenbrach	fahlenbrach	NOUN
cjfa-3240	61	38	2009	2009	NUM
cjfa-3240	61	39	):	):	PUNCT
cjfa-3240	61	40	the	the	DET
cjfa-3240	61	41	participation	participation	NOUN
cjfa-3240	61	42	of	of	ADP
cjfa-3240	61	43	the	the	DET
cjfa-3240	61	44	board	board	NOUN
cjfa-3240	61	45	of	of	ADP
cjfa-3240	61	46	directors	director	NOUN
cjfa-3240	61	47	in	in	ADP
cjfa-3240	61	48	shareholding	shareholding	NOUN
cjfa-3240	61	49	,	,	PUNCT
cjfa-3240	61	50	ceo	ceo	NOUN
cjfa-3240	61	51	and	and	CCONJ
cjfa-3240	61	52	board	board	NOUN
cjfa-3240	61	53	chair	chair	NOUN
cjfa-3240	61	54	duality	duality	NOUN
cjfa-3240	61	55	,	,	PUNCT
cjfa-3240	61	56	the	the	DET
cjfa-3240	61	57	inclusion	inclusion	NOUN
cjfa-3240	61	58	of	of	ADP
cjfa-3240	61	59	independent	independent	ADJ
cjfa-3240	61	60	members	member	NOUN
cjfa-3240	61	61	and	and	CCONJ
cjfa-3240	61	62	the	the	DET
cjfa-3240	61	63	size	size	NOUN
cjfa-3240	61	64	of	of	ADP
cjfa-3240	61	65	the	the	DET
cjfa-3240	61	66	board	board	NOUN
cjfa-3240	61	67	.	.	PUNCT
cjfa-3240	62	1	the	the	DET
cjfa-3240	62	2	directors	director	NOUN
cjfa-3240	62	3	will	will	AUX
cjfa-3240	62	4	be	be	AUX
cjfa-3240	62	5	interested	interested	ADJ
cjfa-3240	62	6	in	in	ADP
cjfa-3240	62	7	taking	take	VERB
cjfa-3240	62	8	decisions	decision	NOUN
cjfa-3240	62	9	which	which	PRON
cjfa-3240	62	10	may	may	AUX
cjfa-3240	62	11	increase	increase	VERB
cjfa-3240	62	12	stock	stock	NOUN
cjfa-3240	62	13	return	return	NOUN
cjfa-3240	62	14	when	when	SCONJ
cjfa-3240	62	15	they	they	PRON
cjfa-3240	62	16	hold	hold	VERB
cjfa-3240	62	17	shares	share	NOUN
cjfa-3240	62	18	in	in	ADP
cjfa-3240	62	19	the	the	DET
cjfa-3240	62	20	company	company	NOUN
cjfa-3240	62	21	,	,	PUNCT
cjfa-3240	62	22	which	which	PRON
cjfa-3240	62	23	would	would	AUX
cjfa-3240	62	24	make	make	VERB
cjfa-3240	62	25	them	they	PRON
cjfa-3240	62	26	have	have	VERB
cjfa-3240	62	27	less	less	ADJ
cjfa-3240	62	28	interest	interest	NOUN
cjfa-3240	62	29	in	in	ADP
cjfa-3240	62	30	higher	high	ADJ
cjfa-3240	62	31	remuneration	remuneration	NOUN
cjfa-3240	62	32	because	because	SCONJ
cjfa-3240	62	33	they	they	PRON
cjfa-3240	62	34	already	already	ADV
cjfa-3240	62	35	receive	receive	VERB
cjfa-3240	62	36	part	part	NOUN
cjfa-3240	62	37	in	in	ADP
cjfa-3240	62	38	dividends	dividend	NOUN
cjfa-3240	62	39	(	(	PUNCT
cjfa-3240	62	40	cordeiro	cordeiro	PROPN
cjfa-3240	62	41	et	et	PROPN
cjfa-3240	62	42	al	al	PROPN
cjfa-3240	62	43	.	.	PROPN
cjfa-3240	62	44	2000	2000	NUM
cjfa-3240	62	45	;	;	PUNCT
cjfa-3240	62	46	cheng	cheng	PROPN
cjfa-3240	62	47	,	,	PUNCT
cjfa-3240	62	48	firth	firth	PROPN
cjfa-3240	62	49	2005	2005	NUM
cjfa-3240	62	50	)	)	PUNCT
cjfa-3240	62	51	.	.	PUNCT
cjfa-3240	63	1	empirically	empirically	ADV
cjfa-3240	63	2	this	this	DET
cjfa-3240	63	3	approach	approach	NOUN
cjfa-3240	63	4	has	have	AUX
cjfa-3240	63	5	been	be	AUX
cjfa-3240	63	6	demonstrated	demonstrate	VERB
cjfa-3240	63	7	by	by	ADP
cjfa-3240	63	8	boyd	boyd	PROPN
cjfa-3240	63	9	(	(	PUNCT
cjfa-3240	63	10	1996	1996	NUM
cjfa-3240	63	11	)	)	PUNCT
cjfa-3240	63	12	,	,	PUNCT
cjfa-3240	63	13	bryan	bryan	PROPN
cjfa-3240	63	14	,	,	PUNCT
cjfa-3240	63	15	et	et	PROPN
cjfa-3240	63	16	al	al	PROPN
cjfa-3240	63	17	.	.	PUNCT
cjfa-3240	64	1	(	(	PUNCT
cjfa-3240	64	2	2000	2000	NUM
cjfa-3240	64	3	)	)	PUNCT
cjfa-3240	64	4	and	and	CCONJ
cjfa-3240	64	5	cordeiro	cordeiro	PROPN
cjfa-3240	64	6	et	et	PROPN
cjfa-3240	64	7	al	al	PROPN
cjfa-3240	64	8	.	.	PROPN
cjfa-3240	65	1	(	(	PUNCT
cjfa-3240	65	2	2000	2000	NUM
cjfa-3240	65	3	)	)	PUNCT
cjfa-3240	65	4	,	,	PUNCT
cjfa-3240	65	5	therefore	therefore	ADV
cjfa-3240	65	6	,	,	PUNCT
cjfa-3240	65	7	we	we	PRON
cjfa-3240	65	8	expected	expect	VERB
cjfa-3240	65	9	that	that	SCONJ
cjfa-3240	65	10	the	the	DET
cjfa-3240	65	11	board	board	NOUN
cjfa-3240	65	12	members	member	NOUN
cjfa-3240	65	13	´	´	PART
cjfa-3240	65	14	ownership	ownership	NOUN
cjfa-3240	65	15	have	have	VERB
cjfa-3240	65	16	a	a	DET
cjfa-3240	65	17	negative	negative	ADJ
cjfa-3240	65	18	effect	effect	NOUN
cjfa-3240	65	19	on	on	ADP
cjfa-3240	65	20	the	the	DET
cjfa-3240	65	21	directors	director	NOUN
cjfa-3240	65	22	´	´	NOUN
cjfa-3240	65	23	compensation	compensation	NOUN
cjfa-3240	65	24	.	.	PUNCT
cjfa-3240	66	1	the	the	DET
cjfa-3240	66	2	main	main	ADJ
cjfa-3240	66	3	factor	factor	NOUN
cjfa-3240	66	4	that	that	PRON
cjfa-3240	66	5	determines	determine	VERB
cjfa-3240	66	6	the	the	DET
cjfa-3240	66	7	effectiveness	effectiveness	NOUN
cjfa-3240	66	8	of	of	ADP
cjfa-3240	66	9	the	the	DET
cjfa-3240	66	10	board	board	NOUN
cjfa-3240	66	11	is	be	AUX
cjfa-3240	66	12	the	the	DET
cjfa-3240	66	13	independence	independence	NOUN
cjfa-3240	66	14	of	of	ADP
cjfa-3240	66	15	the	the	DET
cjfa-3240	66	16	ceo	ceo	NOUN
cjfa-3240	66	17	(	(	PUNCT
cjfa-3240	66	18	hermalin	hermalin	NOUN
cjfa-3240	66	19	,	,	PUNCT
cjfa-3240	66	20	weisbach	weisbach	NOUN
cjfa-3240	66	21	2003	2003	NUM
cjfa-3240	66	22	)	)	PUNCT
cjfa-3240	66	23	.	.	PUNCT
cjfa-3240	67	1	in	in	ADP
cjfa-3240	67	2	fact	fact	NOUN
cjfa-3240	67	3	,	,	PUNCT
cjfa-3240	67	4	whether	whether	SCONJ
cjfa-3240	67	5	the	the	DET
cjfa-3240	67	6	ceo	ceo	NOUN
cjfa-3240	67	7	is	be	AUX
cjfa-3240	67	8	also	also	ADV
cjfa-3240	67	9	the	the	DET
cjfa-3240	67	10	chairman	chairman	NOUN
cjfa-3240	67	11	the	the	DET
cjfa-3240	67	12	governance	governance	NOUN
cjfa-3240	67	13	is	be	AUX
cjfa-3240	67	14	weaker	weak	ADJ
cjfa-3240	67	15	(	(	PUNCT
cjfa-3240	67	16	dávila	dávila	PROPN
cjfa-3240	67	17	,	,	PUNCT
cjfa-3240	67	18	peñalva	peñalva	NOUN
cjfa-3240	67	19	2004	2004	NUM
cjfa-3240	67	20	)	)	PUNCT
cjfa-3240	67	21	,	,	PUNCT
cjfa-3240	67	22	therefore	therefore	ADV
cjfa-3240	67	23	,	,	PUNCT
cjfa-3240	67	24	it	it	PRON
cjfa-3240	67	25	is	be	AUX
cjfa-3240	67	26	expected	expect	VERB
cjfa-3240	67	27	that	that	SCONJ
cjfa-3240	67	28	directors	director	NOUN
cjfa-3240	67	29	receive	receive	VERB
cjfa-3240	67	30	higher	high	ADJ
cjfa-3240	67	31	remuneration	remuneration	NOUN
cjfa-3240	67	32	.	.	PUNCT
cjfa-3240	68	1	following	follow	VERB
cjfa-3240	68	2	this	this	DET
cjfa-3240	68	3	arguments	argument	NOUN
cjfa-3240	68	4	,	,	PUNCT
cjfa-3240	68	5	we	we	PRON
cjfa-3240	68	6	expect	expect	VERB
cjfa-3240	68	7	a	a	DET
cjfa-3240	68	8	positive	positive	ADJ
cjfa-3240	68	9	relationship	relationship	NOUN
cjfa-3240	68	10	between	between	ADP
cjfa-3240	68	11	la	la	PROPN
cjfa-3240	68	12	variable	variable	PROPN
cjfa-3240	68	13	ceo	ceo	PROPN
cjfa-3240	68	14	duality	duality	NOUN
cjfa-3240	68	15	(	(	PUNCT
cjfa-3240	68	16	when	when	SCONJ
cjfa-3240	68	17	the	the	DET
cjfa-3240	68	18	same	same	ADJ
cjfa-3240	68	19	person	person	NOUN
cjfa-3240	68	20	holds	hold	VERB
cjfa-3240	68	21	the	the	DET
cjfa-3240	68	22	ceo	ceo	NOUN
cjfa-3240	68	23	and	and	CCONJ
cjfa-3240	68	24	chairman	chairman	NOUN
cjfa-3240	68	25	titles	title	NOUN
cjfa-3240	68	26	)	)	PUNCT
cjfa-3240	68	27	and	and	CCONJ
cjfa-3240	68	28	the	the	DET
cjfa-3240	68	29	remuneration	remuneration	NOUN
cjfa-3240	68	30	total	total	NOUN
cjfa-3240	68	31	granted	grant	VERB
cjfa-3240	68	32	to	to	ADP
cjfa-3240	68	33	the	the	DET
cjfa-3240	68	34	directors	director	NOUN
cjfa-3240	68	35	.	.	PUNCT
cjfa-3240	69	1	most	most	ADJ
cjfa-3240	69	2	codes	code	NOUN
cjfa-3240	69	3	of	of	ADP
cjfa-3240	69	4	corporate	corporate	ADJ
cjfa-3240	69	5	governance	governance	NOUN
cjfa-3240	69	6	emphasize	emphasize	VERB
cjfa-3240	69	7	the	the	DET
cjfa-3240	69	8	importance	importance	NOUN
cjfa-3240	69	9	of	of	ADP
cjfa-3240	69	10	the	the	DET
cjfa-3240	69	11	figure	figure	NOUN
cjfa-3240	69	12	of	of	ADP
cjfa-3240	69	13	the	the	DET
cjfa-3240	69	14	independent	independent	ADJ
cjfa-3240	69	15	directors	director	NOUN
cjfa-3240	69	16	because	because	SCONJ
cjfa-3240	69	17	the	the	DET
cjfa-3240	69	18	incorporation	incorporation	NOUN
cjfa-3240	69	19	of	of	ADP
cjfa-3240	69	20	such	such	ADJ
cjfa-3240	69	21	director	director	NOUN
cjfa-3240	69	22	on	on	ADP
cjfa-3240	69	23	the	the	DET
cjfa-3240	69	24	board	board	NOUN
cjfa-3240	69	25	of	of	ADP
cjfa-3240	69	26	directors	director	NOUN
cjfa-3240	69	27	can	can	AUX
cjfa-3240	69	28	help	help	VERB
cjfa-3240	69	29	reduce	reduce	VERB
cjfa-3240	69	30	conflicts	conflict	NOUN
cjfa-3240	69	31	of	of	ADP
cjfa-3240	69	32	interest	interest	NOUN
cjfa-3240	69	33	(	(	PUNCT
cjfa-3240	69	34	andrés	andrés	PROPN
cjfa-3240	69	35	et	et	PROPN
cjfa-3240	69	36	al	al	PROPN
cjfa-3240	69	37	.	.	PROPN
cjfa-3240	69	38	2005	2005	NUM
cjfa-3240	69	39	)	)	PUNCT
cjfa-3240	69	40	and	and	CCONJ
cjfa-3240	69	41	get	get	VERB
cjfa-3240	69	42	a	a	DET
cjfa-3240	69	43	“	"	PUNCT
cjfa-3240	69	44	good	good	ADJ
cjfa-3240	69	45	board	board	NOUN
cjfa-3240	69	46	governance	governance	NOUN
cjfa-3240	69	47	”	"	PUNCT
cjfa-3240	69	48	(	(	PUNCT
cjfa-3240	69	49	ferrarini	ferrarini	X
cjfa-3240	69	50	et	et	PROPN
cjfa-3240	69	51	al	al	PROPN
cjfa-3240	69	52	.	.	PROPN
cjfa-3240	69	53	2010	2010	NUM
cjfa-3240	69	54	)	)	PUNCT
cjfa-3240	69	55	.	.	PUNCT
cjfa-3240	70	1	therefore	therefore	ADV
cjfa-3240	70	2	,	,	PUNCT
cjfa-3240	70	3	the	the	DET
cjfa-3240	70	4	compensation	compensation	NOUN
cjfa-3240	70	5	of	of	ADP
cjfa-3240	70	6	directors	director	NOUN
cjfa-3240	70	7	would	would	AUX
cjfa-3240	70	8	pass	pass	VERB
cjfa-3240	70	9	a	a	DET
cjfa-3240	70	10	back	back	ADJ
cjfa-3240	70	11	seat	seat	NOUN
cjfa-3240	70	12	as	as	ADP
cjfa-3240	70	13	a	a	DET
cjfa-3240	70	14	mechanism	mechanism	NOUN
cjfa-3240	70	15	to	to	PART
cjfa-3240	70	16	align	align	VERB
cjfa-3240	70	17	the	the	DET
cjfa-3240	70	18	interest	interest	NOUN
cjfa-3240	70	19	of	of	ADP
cjfa-3240	70	20	managers	manager	NOUN
cjfa-3240	70	21	and	and	CCONJ
cjfa-3240	70	22	shareholders	shareholder	NOUN
cjfa-3240	70	23	.	.	PUNCT
cjfa-3240	71	1	so	so	ADV
cjfa-3240	71	2	,	,	PUNCT
cjfa-3240	71	3	we	we	PRON
cjfa-3240	71	4	expect	expect	VERB
cjfa-3240	71	5	a	a	DET
cjfa-3240	71	6	negative	negative	ADJ
cjfa-3240	71	7	relationship	relationship	NOUN
cjfa-3240	71	8	between	between	ADP
cjfa-3240	71	9	the	the	DET
cjfa-3240	71	10	number	number	NOUN
cjfa-3240	71	11	of	of	ADP
cjfa-3240	71	12	independent	independent	ADJ
cjfa-3240	71	13	directors	director	NOUN
cjfa-3240	71	14	of	of	ADP
cjfa-3240	71	15	the	the	DET
cjfa-3240	71	16	board	board	NOUN
cjfa-3240	71	17	and	and	CCONJ
cjfa-3240	71	18	the	the	DET
cjfa-3240	71	19	total	total	ADJ
cjfa-3240	71	20	compensation	compensation	NOUN
cjfa-3240	71	21	elena	elena	NOUN
cjfa-3240	71	22	merino	merino	PROPN
cjfa-3240	71	23	,	,	PUNCT
cjfa-3240	71	24	montserrat	montserrat	PROPN
cjfa-3240	71	25	manzaneque	manzaneque	NOUN
cjfa-3240	71	26	,	,	PUNCT
cjfa-3240	71	27	alba	alba	PROPN
cjfa-3240	71	28	mª	mª	PROPN
cjfa-3240	71	29	priego130	priego130	PROPN
cjfa-3240	71	30	awarded	award	VERB
cjfa-3240	71	31	to	to	ADP
cjfa-3240	71	32	its	its	PRON
cjfa-3240	71	33	members	member	NOUN
cjfa-3240	71	34	,	,	PUNCT
cjfa-3240	71	35	as	as	SCONJ
cjfa-3240	71	36	other	other	ADJ
cjfa-3240	71	37	studies	study	NOUN
cjfa-3240	71	38	have	have	AUX
cjfa-3240	71	39	previously	previously	ADV
cjfa-3240	71	40	shown	show	VERB
cjfa-3240	71	41	(	(	PUNCT
cjfa-3240	71	42	conyon	conyon	NOUN
cjfa-3240	71	43	,	,	PUNCT
cjfa-3240	71	44	peck	peck	VERB
cjfa-3240	71	45	1998	1998	NUM
cjfa-3240	71	46	;	;	PUNCT
cjfa-3240	71	47	arrondo	arrondo	NOUN
cjfa-3240	71	48	et	et	PROPN
cjfa-3240	71	49	al	al	PROPN
cjfa-3240	71	50	.	.	PROPN
cjfa-3240	71	51	,	,	PUNCT
cjfa-3240	71	52	2008	2008	NUM
cjfa-3240	71	53	;	;	PUNCT
cjfa-3240	71	54	sánchez	sánchez	PROPN
cjfa-3240	71	55	,	,	PUNCT
cjfa-3240	71	56	lucas	lucas	PROPN
cjfa-3240	71	57	2008	2008	NUM
cjfa-3240	71	58	)	)	PUNCT
cjfa-3240	71	59	.	.	PUNCT
cjfa-3240	72	1	there	there	PRON
cjfa-3240	72	2	is	be	VERB
cjfa-3240	72	3	no	no	DET
cjfa-3240	72	4	theoretical	theoretical	ADJ
cjfa-3240	72	5	or	or	CCONJ
cjfa-3240	72	6	empirical	empirical	ADJ
cjfa-3240	72	7	unanimity	unanimity	NOUN
cjfa-3240	72	8	regarding	regard	VERB
cjfa-3240	72	9	the	the	DET
cjfa-3240	72	10	possible	possible	ADJ
cjfa-3240	72	11	effect	effect	NOUN
cjfa-3240	72	12	of	of	ADP
cjfa-3240	72	13	the	the	DET
cjfa-3240	72	14	size	size	NOUN
cjfa-3240	72	15	of	of	ADP
cjfa-3240	72	16	the	the	DET
cjfa-3240	72	17	board	board	NOUN
cjfa-3240	72	18	on	on	ADP
cjfa-3240	72	19	the	the	DET
cjfa-3240	72	20	remuneration	remuneration	NOUN
cjfa-3240	72	21	granted	grant	VERB
cjfa-3240	72	22	to	to	ADP
cjfa-3240	72	23	the	the	DET
cjfa-3240	72	24	directors	director	NOUN
cjfa-3240	72	25	.	.	PUNCT
cjfa-3240	73	1	however	however	ADV
cjfa-3240	73	2	,	,	PUNCT
cjfa-3240	73	3	following	follow	VERB
cjfa-3240	73	4	the	the	DET
cjfa-3240	73	5	results	result	NOUN
cjfa-3240	73	6	obtained	obtain	VERB
cjfa-3240	73	7	by	by	ADP
cjfa-3240	73	8	ryan	ryan	PROPN
cjfa-3240	73	9	and	and	CCONJ
cjfa-3240	73	10	wiggins	wiggins	PROPN
cjfa-3240	73	11	(	(	PUNCT
cjfa-3240	73	12	2004	2004	NUM
cjfa-3240	73	13	)	)	PUNCT
cjfa-3240	73	14	and	and	CCONJ
cjfa-3240	73	15	andreas	andreas	PROPN
cjfa-3240	73	16	et	et	PROPN
cjfa-3240	73	17	al	al	PROPN
cjfa-3240	73	18	.	.	PROPN
cjfa-3240	73	19	(	(	PUNCT
cjfa-3240	73	20	2009	2009	NUM
cjfa-3240	73	21	)	)	PUNCT
cjfa-3240	73	22	we	we	PRON
cjfa-3240	73	23	expect	expect	VERB
cjfa-3240	73	24	a	a	DET
cjfa-3240	73	25	negative	negative	ADJ
cjfa-3240	73	26	relationship	relationship	NOUN
cjfa-3240	73	27	between	between	ADP
cjfa-3240	73	28	the	the	DET
cjfa-3240	73	29	board	board	NOUN
cjfa-3240	73	30	size	size	NOUN
cjfa-3240	73	31	and	and	CCONJ
cjfa-3240	73	32	director	director	NOUN
cjfa-3240	73	33	compensation	compensation	NOUN
cjfa-3240	73	34	.	.	PUNCT
cjfa-3240	74	1	however	however	ADV
cjfa-3240	74	2	,	,	PUNCT
cjfa-3240	74	3	some	some	DET
cjfa-3240	74	4	prior	prior	ADJ
cjfa-3240	74	5	empirical	empirical	ADJ
cjfa-3240	74	6	evidences	evidence	NOUN
cjfa-3240	74	7	(	(	PUNCT
cjfa-3240	74	8	yermack	yermack	NOUN
cjfa-3240	74	9	,	,	PUNCT
cjfa-3240	74	10	1996	1996	NUM
cjfa-3240	74	11	;	;	PUNCT
cjfa-3240	74	12	fernández	fernández	PROPN
cjfa-3240	74	13	et	et	PROPN
cjfa-3240	74	14	al	al	PROPN
cjfa-3240	74	15	.	.	PROPN
cjfa-3240	74	16	1998	1998	NUM
cjfa-3240	74	17	;	;	PUNCT
cjfa-3240	74	18	adams	adams	PROPN
cjfa-3240	74	19	,	,	PUNCT
cjfa-3240	74	20	mehran	mehran	PROPN
cjfa-3240	74	21	2005	2005	NUM
cjfa-3240	74	22	;	;	PUNCT
cjfa-3240	74	23	andrés	andrés	PROPN
cjfa-3240	74	24	,	,	PUNCT
cjfa-3240	74	25	vallelado	vallelado	NOUN
cjfa-3240	74	26	2008	2008	NUM
cjfa-3240	74	27	)	)	PUNCT
cjfa-3240	74	28	show	show	VERB
cjfa-3240	74	29	that	that	SCONJ
cjfa-3240	74	30	the	the	DET
cjfa-3240	74	31	efficiency	efficiency	NOUN
cjfa-3240	74	32	of	of	ADP
cjfa-3240	74	33	the	the	DET
cjfa-3240	74	34	board	board	NOUN
cjfa-3240	74	35	and	and	CCONJ
cjfa-3240	74	36	its	its	PRON
cjfa-3240	74	37	size	size	NOUN
cjfa-3240	74	38	do	do	AUX
cjfa-3240	74	39	not	not	PART
cjfa-3240	74	40	have	have	VERB
cjfa-3240	74	41	a	a	DET
cjfa-3240	74	42	linear	linear	ADJ
cjfa-3240	74	43	relationship	relationship	NOUN
cjfa-3240	74	44	,	,	PUNCT
cjfa-3240	74	45	so	so	SCONJ
cjfa-3240	74	46	the	the	DET
cjfa-3240	74	47	relationship	relationship	NOUN
cjfa-3240	74	48	is	be	AUX
cjfa-3240	74	49	negative	negative	ADJ
cjfa-3240	74	50	up	up	ADP
cjfa-3240	74	51	to	to	ADP
cjfa-3240	74	52	an	an	DET
cjfa-3240	74	53	optimum	optimum	ADJ
cjfa-3240	74	54	size	size	NOUN
cjfa-3240	74	55	,	,	PUNCT
cjfa-3240	74	56	beyond	beyond	ADP
cjfa-3240	74	57	which	which	PRON
cjfa-3240	74	58	the	the	DET
cjfa-3240	74	59	addition	addition	NOUN
cjfa-3240	74	60	of	of	ADP
cjfa-3240	74	61	a	a	DET
cjfa-3240	74	62	member	member	NOUN
cjfa-3240	74	63	does	do	AUX
cjfa-3240	74	64	not	not	PART
cjfa-3240	74	65	provide	provide	VERB
cjfa-3240	74	66	greater	great	ADJ
cjfa-3240	74	67	monitoring	monitoring	NOUN
cjfa-3240	74	68	capacity	capacity	NOUN
cjfa-3240	74	69	,	,	PUNCT
cjfa-3240	74	70	it	it	PRON
cjfa-3240	74	71	will	will	AUX
cjfa-3240	74	72	lead	lead	VERB
cjfa-3240	74	73	to	to	ADP
cjfa-3240	74	74	problems	problem	NOUN
cjfa-3240	74	75	of	of	ADP
cjfa-3240	74	76	coordination	coordination	NOUN
cjfa-3240	74	77	,	,	PUNCT
cjfa-3240	74	78	control	control	NOUN
cjfa-3240	74	79	and	and	CCONJ
cjfa-3240	74	80	decision	decision	NOUN
cjfa-3240	74	81	making	making	NOUN
cjfa-3240	74	82	,	,	PUNCT
cjfa-3240	74	83	which	which	PRON
cjfa-3240	74	84	will	will	AUX
cjfa-3240	74	85	result	result	VERB
cjfa-3240	74	86	in	in	ADP
cjfa-3240	74	87	this	this	DET
cjfa-3240	74	88	case	case	NOUN
cjfa-3240	74	89	,	,	PUNCT
cjfa-3240	74	90	in	in	ADP
cjfa-3240	74	91	a	a	DET
cjfa-3240	74	92	greater	great	ADJ
cjfa-3240	74	93	compensation	compensation	NOUN
cjfa-3240	74	94	granted	grant	VERB
cjfa-3240	74	95	to	to	ADP
cjfa-3240	74	96	directors	director	NOUN
cjfa-3240	74	97	.	.	PUNCT
cjfa-3240	75	1	so	so	ADV
cjfa-3240	75	2	,	,	PUNCT
cjfa-3240	75	3	we	we	PRON
cjfa-3240	75	4	expected	expect	VERB
cjfa-3240	75	5	that	that	SCONJ
cjfa-3240	75	6	there	there	PRON
cjfa-3240	75	7	is	be	VERB
cjfa-3240	75	8	a	a	DET
cjfa-3240	75	9	no	no	DET
cjfa-3240	75	10	linear	linear	ADJ
cjfa-3240	75	11	relationship	relationship	NOUN
cjfa-3240	75	12	between	between	ADP
cjfa-3240	75	13	both	both	DET
cjfa-3240	75	14	variables	variable	NOUN
cjfa-3240	75	15	.	.	PUNCT
cjfa-3240	76	1	in	in	ADP
cjfa-3240	76	2	spain	spain	PROPN
cjfa-3240	76	3	,	,	PUNCT
cjfa-3240	76	4	the	the	DET
cjfa-3240	76	5	fact	fact	NOUN
cjfa-3240	76	6	that	that	SCONJ
cjfa-3240	76	7	the	the	DET
cjfa-3240	76	8	most	most	ADV
cjfa-3240	76	9	important	important	ADJ
cjfa-3240	76	10	retribution	retribution	NOUN
cjfa-3240	76	11	concept	concept	NOUN
cjfa-3240	76	12	is	be	AUX
cjfa-3240	76	13	fixed	fix	VERB
cjfa-3240	76	14	salary	salary	NOUN
cjfa-3240	76	15	and	and	CCONJ
cjfa-3240	76	16	others	other	NOUN
cjfa-3240	76	17	perquisites	perquisite	NOUN
cjfa-3240	76	18	is	be	AUX
cjfa-3240	76	19	especially	especially	ADV
cjfa-3240	76	20	significant	significant	ADJ
cjfa-3240	76	21	.	.	PUNCT
cjfa-3240	77	1	so	so	ADV
cjfa-3240	77	2	it	it	PRON
cjfa-3240	77	3	is	be	AUX
cjfa-3240	77	4	interesting	interesting	ADJ
cjfa-3240	77	5	to	to	PART
cjfa-3240	77	6	know	know	VERB
cjfa-3240	77	7	how	how	SCONJ
cjfa-3240	77	8	board	board	NOUN
cjfa-3240	77	9	characteristics	characteristic	NOUN
cjfa-3240	77	10	could	could	AUX
cjfa-3240	77	11	affect	affect	VERB
cjfa-3240	77	12	to	to	ADP
cjfa-3240	77	13	the	the	DET
cjfa-3240	77	14	level	level	NOUN
cjfa-3240	77	15	of	of	ADP
cjfa-3240	77	16	different	different	ADJ
cjfa-3240	77	17	type	type	NOUN
cjfa-3240	77	18	of	of	ADP
cjfa-3240	77	19	compensation	compensation	NOUN
cjfa-3240	77	20	in	in	ADP
cjfa-3240	77	21	order	order	NOUN
cjfa-3240	77	22	to	to	PART
cjfa-3240	77	23	determine	determine	VERB
cjfa-3240	77	24	the	the	DET
cjfa-3240	77	25	level	level	NOUN
cjfa-3240	77	26	of	of	ADP
cjfa-3240	77	27	discretion	discretion	NOUN
cjfa-3240	77	28	of	of	ADP
cjfa-3240	77	29	the	the	DET
cjfa-3240	77	30	directors	director	NOUN
cjfa-3240	77	31	in	in	ADP
cjfa-3240	77	32	this	this	DET
cjfa-3240	77	33	regard	regard	NOUN
cjfa-3240	77	34	.	.	PUNCT
cjfa-3240	78	1	in	in	ADP
cjfa-3240	78	2	relation	relation	NOUN
cjfa-3240	78	3	to	to	ADP
cjfa-3240	78	4	the	the	DET
cjfa-3240	78	5	effect	effect	NOUN
cjfa-3240	78	6	that	that	SCONJ
cjfa-3240	78	7	those	those	DET
cjfa-3240	78	8	features	feature	NOUN
cjfa-3240	78	9	of	of	ADP
cjfa-3240	78	10	the	the	DET
cjfa-3240	78	11	board	board	NOUN
cjfa-3240	78	12	could	could	AUX
cjfa-3240	78	13	have	have	AUX
cjfa-3240	78	14	on	on	ADP
cjfa-3240	78	15	the	the	DET
cjfa-3240	78	16	various	various	ADJ
cjfa-3240	78	17	items	item	NOUN
cjfa-3240	78	18	of	of	ADP
cjfa-3240	78	19	compensation	compensation	NOUN
cjfa-3240	78	20	,	,	PUNCT
cjfa-3240	78	21	first	first	ADV
cjfa-3240	78	22	,	,	PUNCT
cjfa-3240	78	23	as	as	SCONJ
cjfa-3240	78	24	already	already	ADV
cjfa-3240	78	25	shown	show	VERB
cjfa-3240	78	26	in	in	ADP
cjfa-3240	78	27	previous	previous	ADJ
cjfa-3240	78	28	studies	study	NOUN
cjfa-3240	78	29	,	,	PUNCT
cjfa-3240	78	30	the	the	DET
cjfa-3240	78	31	more	more	ADJ
cjfa-3240	78	32	shareholding	shareholding	NOUN
cjfa-3240	78	33	board	board	NOUN
cjfa-3240	78	34	members	member	NOUN
cjfa-3240	78	35	help2	help2	VERB
cjfa-3240	78	36	the	the	DET
cjfa-3240	78	37	lower	low	ADJ
cjfa-3240	78	38	remuneration	remuneration	NOUN
cjfa-3240	78	39	in	in	ADP
cjfa-3240	78	40	money	money	NOUN
cjfa-3240	78	41	received	receive	VERB
cjfa-3240	78	42	,	,	PUNCT
cjfa-3240	78	43	because	because	SCONJ
cjfa-3240	78	44	they	they	PRON
cjfa-3240	78	45	are	be	AUX
cjfa-3240	78	46	already	already	ADV
cjfa-3240	78	47	paid	pay	VERB
cjfa-3240	78	48	as	as	ADP
cjfa-3240	78	49	dividends	dividend	NOUN
cjfa-3240	78	50	for	for	ADP
cjfa-3240	78	51	the	the	DET
cjfa-3240	78	52	shares	share	NOUN
cjfa-3240	78	53	they	they	PRON
cjfa-3240	78	54	own	own	VERB
cjfa-3240	78	55	(	(	PUNCT
cjfa-3240	78	56	cheng	cheng	PROPN
cjfa-3240	78	57	,	,	PUNCT
cjfa-3240	78	58	firth	firth	PROPN
cjfa-3240	78	59	2005	2005	NUM
cjfa-3240	78	60	)	)	PUNCT
cjfa-3240	78	61	.	.	PUNCT
cjfa-3240	79	1	however	however	ADV
cjfa-3240	79	2	,	,	PUNCT
cjfa-3240	79	3	it	it	PRON
cjfa-3240	79	4	is	be	AUX
cjfa-3240	79	5	expected	expect	VERB
cjfa-3240	79	6	that	that	SCONJ
cjfa-3240	79	7	directors	director	NOUN
cjfa-3240	79	8	prefer	prefer	VERB
cjfa-3240	79	9	to	to	PART
cjfa-3240	79	10	have	have	VERB
cjfa-3240	79	11	more	more	ADJ
cjfa-3240	79	12	fixed	fix	VERB
cjfa-3240	79	13	salary	salary	NOUN
cjfa-3240	79	14	and	and	CCONJ
cjfa-3240	79	15	other	other	ADJ
cjfa-3240	79	16	compensation	compensation	NOUN
cjfa-3240	79	17	(	(	PUNCT
cjfa-3240	79	18	e.g.	e.g.	ADV
cjfa-3240	79	19	remuneration	remuneration	NOUN
cjfa-3240	79	20	in	in	ADP
cjfa-3240	79	21	kind	kind	NOUN
cjfa-3240	79	22	)	)	PUNCT
cjfa-3240	79	23	and	and	CCONJ
cjfa-3240	79	24	less	less	ADV
cjfa-3240	79	25	variable	variable	ADJ
cjfa-3240	79	26	remuneration	remuneration	NOUN
cjfa-3240	79	27	(	(	PUNCT
cjfa-3240	79	28	arrondo	arrondo	NOUN
cjfa-3240	79	29	et	et	PROPN
cjfa-3240	79	30	al	al	PROPN
cjfa-3240	79	31	.	.	PROPN
cjfa-3240	79	32	2008	2008	NUM
cjfa-3240	79	33	)	)	PUNCT
cjfa-3240	79	34	to	to	ADP
cjfa-3240	79	35	the	the	DET
cjfa-3240	79	36	extent	extent	NOUN
cjfa-3240	79	37	that	that	SCONJ
cjfa-3240	79	38	the	the	DET
cjfa-3240	79	39	perception	perception	NOUN
cjfa-3240	79	40	of	of	ADP
cjfa-3240	79	41	dividends	dividend	NOUN
cjfa-3240	79	42	is	be	AUX
cjfa-3240	79	43	tied	tie	VERB
cjfa-3240	79	44	to	to	ADP
cjfa-3240	79	45	company	company	NOUN
cjfa-3240	79	46	profits	profit	NOUN
cjfa-3240	79	47	,	,	PUNCT
cjfa-3240	79	48	thus	thus	ADV
cjfa-3240	79	49	diversifying	diversify	VERB
cjfa-3240	79	50	their	their	PRON
cjfa-3240	79	51	compensation	compensation	NOUN
cjfa-3240	79	52	packages	package	NOUN
cjfa-3240	79	53	.	.	PUNCT
cjfa-3240	80	1	secondly	secondly	ADV
cjfa-3240	80	2	,	,	PUNCT
cjfa-3240	80	3	the	the	DET
cjfa-3240	80	4	fact	fact	NOUN
cjfa-3240	80	5	that	that	SCONJ
cjfa-3240	80	6	the	the	DET
cjfa-3240	80	7	figure	figure	NOUN
cjfa-3240	80	8	of	of	ADP
cjfa-3240	80	9	the	the	DET
cjfa-3240	80	10	chairman	chairman	NOUN
cjfa-3240	80	11	and	and	CCONJ
cjfa-3240	80	12	chief	chief	ADJ
cjfa-3240	80	13	executive	executive	ADJ
cjfa-3240	80	14	officer	officer	NOUN
cjfa-3240	80	15	falls	fall	VERB
cjfa-3240	80	16	in	in	ADP
cjfa-3240	80	17	the	the	DET
cjfa-3240	80	18	same	same	ADJ
cjfa-3240	80	19	person	person	NOUN
cjfa-3240	80	20	is	be	AUX
cjfa-3240	80	21	considered	consider	VERB
cjfa-3240	80	22	to	to	PART
cjfa-3240	80	23	be	be	AUX
cjfa-3240	80	24	inefficient	inefficient	ADJ
cjfa-3240	80	25	(	(	PUNCT
cjfa-3240	80	26	hermalin	hermalin	NOUN
cjfa-3240	80	27	,	,	PUNCT
cjfa-3240	80	28	weisbach	weisbach	NOUN
cjfa-3240	80	29	2003	2003	NUM
cjfa-3240	80	30	)	)	PUNCT
cjfa-3240	80	31	,	,	PUNCT
cjfa-3240	80	32	so	so	CCONJ
cjfa-3240	80	33	it	it	PRON
cjfa-3240	80	34	is	be	AUX
cjfa-3240	80	35	expected	expect	VERB
cjfa-3240	80	36	to	to	PART
cjfa-3240	80	37	have	have	VERB
cjfa-3240	80	38	a	a	DET
cjfa-3240	80	39	positive	positive	ADJ
cjfa-3240	80	40	effect	effect	NOUN
cjfa-3240	80	41	on	on	ADP
cjfa-3240	80	42	the	the	DET
cjfa-3240	80	43	remuneration	remuneration	NOUN
cjfa-3240	80	44	received	receive	VERB
cjfa-3240	80	45	by	by	ADP
cjfa-3240	80	46	directors	director	NOUN
cjfa-3240	80	47	,	,	PUNCT
cjfa-3240	80	48	helping	help	VERB
cjfa-3240	80	49	to	to	PART
cjfa-3240	80	50	promote	promote	VERB
cjfa-3240	80	51	a	a	DET
cjfa-3240	80	52	remuneration	remuneration	NOUN
cjfa-3240	80	53	based	base	VERB
cjfa-3240	80	54	on	on	ADP
cjfa-3240	80	55	fixed	fix	VERB
cjfa-3240	80	56	salary	salary	NOUN
cjfa-3240	80	57	and	and	CCONJ
cjfa-3240	80	58	other	other	ADJ
cjfa-3240	80	59	compensation	compensation	NOUN
cjfa-3240	80	60	.	.	PUNCT
cjfa-3240	81	1	thirdly	thirdly	ADV
cjfa-3240	81	2	,	,	PUNCT
cjfa-3240	81	3	the	the	DET
cjfa-3240	81	4	presence	presence	NOUN
cjfa-3240	81	5	of	of	ADP
cjfa-3240	81	6	independent	independent	ADJ
cjfa-3240	81	7	outside	outside	ADJ
cjfa-3240	81	8	directors	director	NOUN
cjfa-3240	81	9	on	on	ADP
cjfa-3240	81	10	the	the	DET
cjfa-3240	81	11	board	board	NOUN
cjfa-3240	81	12	of	of	ADP
cjfa-3240	81	13	directors	director	NOUN
cjfa-3240	81	14	,	,	PUNCT
cjfa-3240	81	15	at	at	ADP
cjfa-3240	81	16	the	the	DET
cjfa-3240	81	17	theoretical	theoretical	ADJ
cjfa-3240	81	18	level	level	NOUN
cjfa-3240	81	19	,	,	PUNCT
cjfa-3240	81	20	should	should	AUX
cjfa-3240	81	21	have	have	VERB
cjfa-3240	81	22	a	a	DET
cjfa-3240	81	23	moderating	moderate	VERB
cjfa-3240	81	24	effect	effect	NOUN
cjfa-3240	81	25	on	on	ADP
cjfa-3240	81	26	the	the	DET
cjfa-3240	81	27	com2	com2	PROPN
cjfa-3240	81	28	 	 	SPACE
cjfa-3240	81	29	board	board	NOUN
cjfa-3240	81	30	members	member	NOUN
cjfa-3240	81	31	'	'	PART
cjfa-3240	81	32	ownership	ownership	NOUN
cjfa-3240	81	33	is	be	AUX
cjfa-3240	81	34	the	the	DET
cjfa-3240	81	35	number	number	NOUN
cjfa-3240	81	36	of	of	ADP
cjfa-3240	81	37	shares	share	NOUN
cjfa-3240	81	38	held	hold	VERB
cjfa-3240	81	39	by	by	ADP
cjfa-3240	81	40	the	the	DET
cjfa-3240	81	41	total	total	ADJ
cjfa-3240	81	42	board	board	NOUN
cjfa-3240	81	43	members	member	NOUN
cjfa-3240	81	44	on	on	ADP
cjfa-3240	81	45	total	total	ADJ
cjfa-3240	81	46	shares	share	NOUN
cjfa-3240	81	47	.	.	PUNCT
cjfa-3240	82	1	“	"	PUNCT
cjfa-3240	82	2	board	board	NOUN
cjfa-3240	82	3	independence	independence	NOUN
cjfa-3240	82	4	”	"	PUNCT
cjfa-3240	82	5	and	and	CCONJ
cjfa-3240	82	6	compensation	compensation	NOUN
cjfa-3240	82	7	structure	structure	NOUN
cjfa-3240	82	8	of	of	ADP
cjfa-3240	82	9	directors	director	NOUN
cjfa-3240	82	10	131	131	NUM
cjfa-3240	82	11	pensation	pensation	NOUN
cjfa-3240	82	12	received	receive	VERB
cjfa-3240	82	13	by	by	ADP
cjfa-3240	82	14	its	its	PRON
cjfa-3240	82	15	members	member	NOUN
cjfa-3240	82	16	(	(	PUNCT
cjfa-3240	82	17	andrés	andrés	PROPN
cjfa-3240	82	18	et	et	PROPN
cjfa-3240	82	19	al	al	PROPN
cjfa-3240	82	20	.	.	PROPN
cjfa-3240	82	21	,	,	PUNCT
cjfa-3240	82	22	2005	2005	NUM
cjfa-3240	82	23	;	;	PUNCT
cjfa-3240	82	24	sánchez	sánchez	PROPN
cjfa-3240	82	25	,	,	PUNCT
cjfa-3240	82	26	lucas	lucas	PROPN
cjfa-3240	82	27	2008	2008	NUM
cjfa-3240	82	28	)	)	PUNCT
cjfa-3240	82	29	,	,	PUNCT
cjfa-3240	82	30	so	so	ADV
cjfa-3240	82	31	less	less	ADV
cjfa-3240	82	32	fixed	fixed	ADJ
cjfa-3240	82	33	concepts	concept	NOUN
cjfa-3240	82	34	is	be	AUX
cjfa-3240	82	35	expected	expect	VERB
cjfa-3240	82	36	in	in	ADP
cjfa-3240	82	37	the	the	DET
cjfa-3240	82	38	compensation	compensation	NOUN
cjfa-3240	82	39	(	(	PUNCT
cjfa-3240	82	40	fixed	fix	VERB
cjfa-3240	82	41	salary	salary	NOUN
cjfa-3240	82	42	and	and	CCONJ
cjfa-3240	82	43	others	other	NOUN
cjfa-3240	82	44	perquisites	perquisite	NOUN
cjfa-3240	82	45	)	)	PUNCT
cjfa-3240	82	46	and	and	CCONJ
cjfa-3240	82	47	greater	great	ADJ
cjfa-3240	82	48	variable	variable	ADJ
cjfa-3240	82	49	salary	salary	NOUN
cjfa-3240	82	50	(	(	PUNCT
cjfa-3240	82	51	ryan	ryan	PROPN
cjfa-3240	82	52	,	,	PUNCT
cjfa-3240	82	53	wiggins	wiggins	PROPN
cjfa-3240	82	54	2004	2004	NUM
cjfa-3240	82	55	)	)	PUNCT
cjfa-3240	82	56	.	.	PUNCT
cjfa-3240	83	1	fourthly	fourthly	ADV
cjfa-3240	83	2	,	,	PUNCT
cjfa-3240	83	3	in	in	ADP
cjfa-3240	83	4	relation	relation	NOUN
cjfa-3240	83	5	to	to	ADP
cjfa-3240	83	6	the	the	DET
cjfa-3240	83	7	size	size	NOUN
cjfa-3240	83	8	of	of	ADP
cjfa-3240	83	9	the	the	DET
cjfa-3240	83	10	board	board	NOUN
cjfa-3240	83	11	,	,	PUNCT
cjfa-3240	83	12	it	it	PRON
cjfa-3240	83	13	is	be	AUX
cjfa-3240	83	14	expected	expect	VERB
cjfa-3240	83	15	that	that	SCONJ
cjfa-3240	83	16	it	it	PRON
cjfa-3240	83	17	have	have	VERB
cjfa-3240	83	18	a	a	DET
cjfa-3240	83	19	positive	positive	ADJ
cjfa-3240	83	20	relation	relation	NOUN
cjfa-3240	83	21	with	with	ADP
cjfa-3240	83	22	others	other	NOUN
cjfa-3240	83	23	perquisites	perquisite	NOUN
cjfa-3240	83	24	because	because	SCONJ
cjfa-3240	83	25	is	be	AUX
cjfa-3240	83	26	reasonable	reasonable	ADJ
cjfa-3240	83	27	if	if	SCONJ
cjfa-3240	83	28	we	we	PRON
cjfa-3240	83	29	think	think	VERB
cjfa-3240	83	30	that	that	SCONJ
cjfa-3240	83	31	if	if	SCONJ
cjfa-3240	83	32	for	for	ADP
cjfa-3240	83	33	example	example	NOUN
cjfa-3240	83	34	the	the	DET
cjfa-3240	83	35	company	company	NOUN
cjfa-3240	83	36	establishes	establish	VERB
cjfa-3240	83	37	a	a	DET
cjfa-3240	83	38	pension	pension	NOUN
cjfa-3240	83	39	plan	plan	NOUN
cjfa-3240	83	40	for	for	ADP
cjfa-3240	83	41	all	all	DET
cjfa-3240	83	42	directors	director	NOUN
cjfa-3240	83	43	,	,	PUNCT
cjfa-3240	83	44	the	the	DET
cjfa-3240	83	45	amount	amount	NOUN
cjfa-3240	83	46	will	will	AUX
cjfa-3240	83	47	be	be	AUX
cjfa-3240	83	48	greater	great	ADJ
cjfa-3240	83	49	the	the	PRON
cjfa-3240	83	50	larger	large	ADJ
cjfa-3240	83	51	the	the	DET
cjfa-3240	83	52	size	size	NOUN
cjfa-3240	83	53	of	of	ADP
cjfa-3240	83	54	the	the	DET
cjfa-3240	83	55	board	board	NOUN
cjfa-3240	83	56	.	.	PUNCT
cjfa-3240	84	1	finally	finally	ADV
cjfa-3240	84	2	,	,	PUNCT
cjfa-3240	84	3	we	we	PRON
cjfa-3240	84	4	expected	expect	VERB
cjfa-3240	84	5	that	that	SCONJ
cjfa-3240	84	6	the	the	DET
cjfa-3240	84	7	salary	salary	NOUN
cjfa-3240	84	8	fees	fee	NOUN
cjfa-3240	84	9	and	and	CCONJ
cjfa-3240	84	10	attendance	attendance	NOUN
cjfa-3240	84	11	fees	fee	NOUN
cjfa-3240	85	1	don´t	don´t	PROPN
cjfa-3240	85	2	have	have	VERB
cjfa-3240	85	3	relationship	relationship	NOUN
cjfa-3240	85	4	with	with	ADP
cjfa-3240	85	5	the	the	DET
cjfa-3240	85	6	board	board	NOUN
cjfa-3240	85	7	characteristics	characteristic	NOUN
cjfa-3240	85	8	.	.	PUNCT
cjfa-3240	86	1	so	so	ADV
cjfa-3240	86	2	,	,	PUNCT
cjfa-3240	86	3	we	we	PRON
cjfa-3240	86	4	analyze	analyze	VERB
cjfa-3240	86	5	if	if	SCONJ
cjfa-3240	86	6	the	the	DET
cjfa-3240	86	7	relation	relation	NOUN
cjfa-3240	86	8	between	between	ADP
cjfa-3240	86	9	characteristics	characteristic	NOUN
cjfa-3240	86	10	of	of	ADP
cjfa-3240	86	11	the	the	DET
cjfa-3240	86	12	board	board	NOUN
cjfa-3240	86	13	and	and	CCONJ
cjfa-3240	86	14	their	their	PRON
cjfa-3240	86	15	compensation	compensation	NOUN
cjfa-3240	86	16	is	be	AUX
cjfa-3240	86	17	the	the	DET
cjfa-3240	86	18	expected	expect	VERB
cjfa-3240	86	19	,	,	PUNCT
cjfa-3240	86	20	following	follow	VERB
cjfa-3240	86	21	the	the	DET
cjfa-3240	86	22	previous	previous	ADJ
cjfa-3240	86	23	hypothesis	hypothesis	NOUN
cjfa-3240	86	24	.	.	PUNCT
cjfa-3240	87	1	3	3	X
cjfa-3240	87	2	.	.	X
cjfa-3240	87	3	sample	sample	NOUN
cjfa-3240	87	4	,	,	PUNCT
cjfa-3240	87	5	variables	variable	NOUN
cjfa-3240	87	6	and	and	CCONJ
cjfa-3240	87	7	methodology	methodology	NOUN
cjfa-3240	87	8	sample	sample	NOUN
cjfa-3240	87	9	in	in	ADP
cjfa-3240	87	10	order	order	NOUN
cjfa-3240	87	11	to	to	PART
cjfa-3240	87	12	estimate	estimate	VERB
cjfa-3240	87	13	the	the	DET
cjfa-3240	87	14	effect	effect	NOUN
cjfa-3240	87	15	of	of	ADP
cjfa-3240	87	16	characteristic	characteristic	NOUN
cjfa-3240	87	17	of	of	ADP
cjfa-3240	87	18	the	the	DET
cjfa-3240	87	19	board	board	NOUN
cjfa-3240	87	20	of	of	ADP
cjfa-3240	87	21	directors	director	NOUN
cjfa-3240	87	22	on	on	ADP
cjfa-3240	87	23	directors	director	NOUN
cjfa-3240	87	24	´	´	NOUN
cjfa-3240	87	25	compensation	compensation	NOUN
cjfa-3240	87	26	we	we	PRON
cjfa-3240	87	27	use	use	VERB
cjfa-3240	87	28	a	a	DET
cjfa-3240	87	29	sample	sample	NOUN
cjfa-3240	87	30	of	of	ADP
cjfa-3240	87	31	76	76	NUM
cjfa-3240	87	32	listed	list	VERB
cjfa-3240	87	33	companies	company	NOUN
cjfa-3240	87	34	on	on	ADP
cjfa-3240	87	35	the	the	DET
cjfa-3240	87	36	spanish	spanish	ADJ
cjfa-3240	87	37	computerized	computerized	ADJ
cjfa-3240	87	38	trading	trading	NOUN
cjfa-3240	87	39	system	system	NOUN
cjfa-3240	87	40	(	(	PUNCT
cjfa-3240	87	41	sibe	sibe	NOUN
cjfa-3240	87	42	)	)	PUNCT
cjfa-3240	87	43	or	or	CCONJ
cjfa-3240	87	44	continuous	continuous	ADJ
cjfa-3240	87	45	market	market	NOUN
cjfa-3240	87	46	,	,	PUNCT
cjfa-3240	87	47	excluded	exclude	VERB
cjfa-3240	87	48	finance	finance	NOUN
cjfa-3240	87	49	-	-	PUNCT
cjfa-3240	87	50	related	relate	VERB
cjfa-3240	87	51	firms	firm	NOUN
cjfa-3240	87	52	(	(	PUNCT
cjfa-3240	87	53	sulong	sulong	NOUN
cjfa-3240	87	54	,	,	PUNCT
cjfa-3240	87	55	mat	mat	NOUN
cjfa-3240	87	56	nor	nor	CCONJ
cjfa-3240	87	57	2010	2010	NUM
cjfa-3240	87	58	;	;	PUNCT
cjfa-3240	87	59	manzaneque	manzaneque	PROPN
cjfa-3240	87	60	et	et	PROPN
cjfa-3240	87	61	al	al	PROPN
cjfa-3240	87	62	.	.	PROPN
cjfa-3240	87	63	2011	2011	NUM
cjfa-3240	87	64	)	)	PUNCT
cjfa-3240	87	65	.	.	PUNCT
cjfa-3240	88	1	of	of	ADP
cjfa-3240	88	2	this	this	DET
cjfa-3240	88	3	sample	sample	NOUN
cjfa-3240	88	4	we	we	PRON
cjfa-3240	88	5	have	have	AUX
cjfa-3240	88	6	taken	take	VERB
cjfa-3240	88	7	information	information	NOUN
cjfa-3240	88	8	regarding	regard	VERB
cjfa-3240	88	9	the	the	DET
cjfa-3240	88	10	characteristics	characteristic	NOUN
cjfa-3240	88	11	of	of	ADP
cjfa-3240	88	12	board	board	NOUN
cjfa-3240	88	13	of	of	ADP
cjfa-3240	88	14	directors	director	NOUN
cjfa-3240	88	15	,	,	PUNCT
cjfa-3240	88	16	the	the	DET
cjfa-3240	88	17	different	different	ADJ
cjfa-3240	88	18	types	type	NOUN
cjfa-3240	88	19	of	of	ADP
cjfa-3240	88	20	remuneration	remuneration	NOUN
cjfa-3240	88	21	received	receive	VERB
cjfa-3240	88	22	by	by	ADP
cjfa-3240	88	23	directors	director	NOUN
cjfa-3240	88	24	,	,	PUNCT
cjfa-3240	88	25	company	company	NOUN
cjfa-3240	88	26	size	size	NOUN
cjfa-3240	88	27	,	,	PUNCT
cjfa-3240	88	28	industry	industry	NOUN
cjfa-3240	88	29	and	and	CCONJ
cjfa-3240	88	30	profitability	profitability	NOUN
cjfa-3240	88	31	during	during	ADP
cjfa-3240	88	32	the	the	DET
cjfa-3240	88	33	period	period	NOUN
cjfa-3240	88	34	2004–2009	2004–2009	NUM
cjfa-3240	88	35	.	.	PUNCT
cjfa-3240	89	1	the	the	DET
cjfa-3240	89	2	structure	structure	NOUN
cjfa-3240	89	3	of	of	ADP
cjfa-3240	89	4	the	the	DET
cjfa-3240	89	5	sample	sample	NOUN
cjfa-3240	89	6	,	,	PUNCT
cjfa-3240	89	7	by	by	ADP
cjfa-3240	89	8	industry	industry	NOUN
cjfa-3240	89	9	,	,	PUNCT
cjfa-3240	89	10	is	be	AUX
cjfa-3240	89	11	representative	representative	ADJ
cjfa-3240	89	12	to	to	ADP
cjfa-3240	89	13	population	population	NOUN
cjfa-3240	89	14	.	.	PUNCT
cjfa-3240	90	1	so	so	ADV
cjfa-3240	90	2	,	,	PUNCT
cjfa-3240	90	3	the	the	DET
cjfa-3240	90	4	composition	composition	NOUN
cjfa-3240	90	5	of	of	ADP
cjfa-3240	90	6	the	the	DET
cjfa-3240	90	7	sample	sample	NOUN
cjfa-3240	90	8	is	be	AUX
cjfa-3240	90	9	the	the	DET
cjfa-3240	90	10	following	following	NOUN
cjfa-3240	90	11	:	:	PUNCT
cjfa-3240	90	12	a	a	X
cjfa-3240	90	13	)	)	PUNCT
cjfa-3240	90	14	petrol	petrol	NOUN
cjfa-3240	90	15	and	and	CCONJ
cjfa-3240	90	16	energy	energy	NOUN
cjfa-3240	90	17	industrial	industrial	ADJ
cjfa-3240	90	18	16,00	16,00	NUM
cjfa-3240	90	19	%	%	NOUN
cjfa-3240	90	20	(	(	PUNCT
cjfa-3240	90	21	population	population	NOUN
cjfa-3240	90	22	14,47	14,47	NUM
cjfa-3240	90	23	%	%	NOUN
cjfa-3240	90	24	)	)	PUNCT
cjfa-3240	90	25	;	;	PUNCT
cjfa-3240	90	26	b	b	X
cjfa-3240	90	27	)	)	PUNCT
cjfa-3240	90	28	basic	basic	ADJ
cjfa-3240	90	29	materials	material	NOUN
cjfa-3240	90	30	,	,	PUNCT
cjfa-3240	90	31	industry	industry	NOUN
cjfa-3240	90	32	and	and	CCONJ
cjfa-3240	90	33	construction	construction	NOUN
cjfa-3240	90	34	32	32	NUM
cjfa-3240	90	35	%	%	NOUN
cjfa-3240	90	36	(	(	PUNCT
cjfa-3240	90	37	population	population	NOUN
cjfa-3240	90	38	30,26	30,26	NUM
cjfa-3240	90	39	%	%	NOUN
cjfa-3240	90	40	)	)	PUNCT
cjfa-3240	90	41	;	;	PUNCT
cjfa-3240	90	42	c	c	X
cjfa-3240	90	43	)	)	PUNCT
cjfa-3240	90	44	consumer	consumer	NOUN
cjfa-3240	90	45	products	product	NOUN
cjfa-3240	90	46	28,80	28,80	NOUN
cjfa-3240	90	47	%	%	NOUN
cjfa-3240	90	48	(	(	PUNCT
cjfa-3240	90	49	population	population	NOUN
cjfa-3240	90	50	34,21	34,21	NOUN
cjfa-3240	90	51	%	%	NOUN
cjfa-3240	90	52	)	)	PUNCT
cjfa-3240	90	53	;	;	PUNCT
cjfa-3240	90	54	d	d	X
cjfa-3240	90	55	)	)	PUNCT
cjfa-3240	90	56	consumer	consumer	NOUN
cjfa-3240	90	57	services	service	NOUN
cjfa-3240	90	58	16	16	NUM
cjfa-3240	90	59	%	%	NOUN
cjfa-3240	90	60	;	;	PUNCT
cjfa-3240	90	61	e	e	X
cjfa-3240	90	62	)	)	PUNCT
cjfa-3240	90	63	technology	technology	NOUN
cjfa-3240	90	64	and	and	CCONJ
cjfa-3240	90	65	telecommunications	telecommunication	NOUN
cjfa-3240	90	66	7,20	7,20	NOUN
cjfa-3240	90	67	%	%	NOUN
cjfa-3240	90	68	(	(	PUNCT
cjfa-3240	90	69	population	population	NOUN
cjfa-3240	90	70	6.58%)3	6.58%)3	NOUN
cjfa-3240	90	71	.	.	PUNCT
cjfa-3240	91	1	3	3	NUM
cjfa-3240	91	2	 	 	SPACE
cjfa-3240	91	3	to	to	PART
cjfa-3240	91	4	verify	verify	VERB
cjfa-3240	91	5	the	the	DET
cjfa-3240	91	6	representativeness	representativeness	NOUN
cjfa-3240	91	7	of	of	ADP
cjfa-3240	91	8	the	the	DET
cjfa-3240	91	9	sample	sample	NOUN
cjfa-3240	91	10	,	,	PUNCT
cjfa-3240	91	11	the	the	DET
cjfa-3240	91	12	maximum	maximum	ADJ
cjfa-3240	91	13	allowable	allowable	ADJ
cjfa-3240	91	14	error	error	NOUN
cjfa-3240	91	15	for	for	ADP
cjfa-3240	91	16	a	a	DET
cjfa-3240	91	17	finite	finite	ADJ
cjfa-3240	91	18	population	population	NOUN
cjfa-3240	91	19	was	be	AUX
cjfa-3240	91	20	estimated	estimate	VERB
cjfa-3240	91	21	.	.	PUNCT
cjfa-3240	92	1	the	the	DET
cjfa-3240	92	2	maximum	maximum	ADJ
cjfa-3240	92	3	error	error	NOUN
cjfa-3240	92	4	is	be	AUX
cjfa-3240	92	5	small	small	ADJ
cjfa-3240	92	6	,	,	PUNCT
cjfa-3240	92	7	7.07	7.07	NUM
cjfa-3240	92	8	%	%	NOUN
cjfa-3240	92	9	to	to	PART
cjfa-3240	92	10	be	be	AUX
cjfa-3240	92	11	exact	exact	ADJ
cjfa-3240	92	12	,	,	PUNCT
cjfa-3240	92	13	with	with	ADP
cjfa-3240	92	14	a	a	DET
cjfa-3240	92	15	level	level	NOUN
cjfa-3240	92	16	of	of	ADP
cjfa-3240	92	17	confidence	confidence	NOUN
cjfa-3240	92	18	of	of	ADP
cjfa-3240	92	19	95	95	NUM
cjfa-3240	92	20	%	%	NOUN
cjfa-3240	92	21	(	(	PUNCT
cjfa-3240	92	22	p=5	p=5	NOUN
cjfa-3240	92	23	%	%	NOUN
cjfa-3240	92	24	)	)	PUNCT
cjfa-3240	92	25	,	,	PUNCT
cjfa-3240	92	26	leading	lead	VERB
cjfa-3240	92	27	to	to	ADP
cjfa-3240	92	28	the	the	DET
cjfa-3240	92	29	consideration	consideration	NOUN
cjfa-3240	92	30	that	that	SCONJ
cjfa-3240	92	31	the	the	DET
cjfa-3240	92	32	sample	sample	NOUN
cjfa-3240	92	33	is	be	AUX
cjfa-3240	92	34	representative	representative	NOUN
cjfa-3240	92	35	of	of	ADP
cjfa-3240	92	36	the	the	DET
cjfa-3240	92	37	population	population	NOUN
cjfa-3240	92	38	.	.	PUNCT
cjfa-3240	93	1	maximum	maximum	ADJ
cjfa-3240	93	2	allowable	allowable	ADJ
cjfa-3240	93	3	error	error	NOUN
cjfa-3240	93	4	:	:	PUNCT
cjfa-3240	93	5	in	in	ADP
cjfa-3240	93	6	order	order	NOUN
cjfa-3240	93	7	to	to	PART
cjfa-3240	93	8	estimate	estimate	VERB
cjfa-3240	93	9	the	the	DET
cjfa-3240	93	10	effect	effect	NOUN
cjfa-3240	93	11	of	of	ADP
cjfa-3240	93	12	characteristic	characteristic	NOUN
cjfa-3240	93	13	of	of	ADP
cjfa-3240	93	14	the	the	DET
cjfa-3240	93	15	board	board	NOUN
cjfa-3240	93	16	of	of	ADP
cjfa-3240	93	17	directors	director	NOUN
cjfa-3240	93	18	on	on	ADP
cjfa-3240	93	19	directors	director	NOUN
cjfa-3240	93	20	´	´	NOUN
cjfa-3240	93	21	compensation	compensation	NOUN
cjfa-3240	93	22	we	we	PRON
cjfa-3240	93	23	use	use	VERB
cjfa-3240	93	24	a	a	DET
cjfa-3240	93	25	sample	sample	NOUN
cjfa-3240	93	26	of	of	ADP
cjfa-3240	93	27	76	76	NUM
cjfa-3240	93	28	listed	list	VERB
cjfa-3240	93	29	companies	company	NOUN
cjfa-3240	93	30	on	on	ADP
cjfa-3240	93	31	the	the	DET
cjfa-3240	93	32	spanish	spanish	ADJ
cjfa-3240	93	33	computerized	computerized	ADJ
cjfa-3240	93	34	trading	trading	NOUN
cjfa-3240	93	35	system	system	NOUN
cjfa-3240	93	36	(	(	PUNCT
cjfa-3240	93	37	sibe	sibe	NOUN
cjfa-3240	93	38	)	)	PUNCT
cjfa-3240	93	39	or	or	CCONJ
cjfa-3240	93	40	continuous	continuous	ADJ
cjfa-3240	93	41	market	market	NOUN
cjfa-3240	93	42	,	,	PUNCT
cjfa-3240	93	43	excluded	exclude	VERB
cjfa-3240	93	44	finance	finance	NOUN
cjfa-3240	93	45	-	-	PUNCT
cjfa-3240	93	46	related	relate	VERB
cjfa-3240	93	47	firms	firm	NOUN
cjfa-3240	93	48	(	(	PUNCT
cjfa-3240	93	49	sulong	sulong	NOUN
cjfa-3240	93	50	,	,	PUNCT
cjfa-3240	93	51	mat	mat	NOUN
cjfa-3240	93	52	nor	nor	CCONJ
cjfa-3240	93	53	2010	2010	NUM
cjfa-3240	93	54	;	;	PUNCT
cjfa-3240	93	55	manzaneque	manzaneque	PROPN
cjfa-3240	93	56	et	et	PROPN
cjfa-3240	93	57	al	al	PROPN
cjfa-3240	93	58	.	.	PROPN
cjfa-3240	93	59	2011	2011	NUM
cjfa-3240	93	60	)	)	PUNCT
cjfa-3240	93	61	.	.	PUNCT
cjfa-3240	94	1	of	of	ADP
cjfa-3240	94	2	this	this	DET
cjfa-3240	94	3	sample	sample	NOUN
cjfa-3240	94	4	we	we	PRON
cjfa-3240	94	5	have	have	AUX
cjfa-3240	94	6	taken	take	VERB
cjfa-3240	94	7	information	information	NOUN
cjfa-3240	94	8	regarding	regard	VERB
cjfa-3240	94	9	the	the	DET
cjfa-3240	94	10	characteristics	characteristic	NOUN
cjfa-3240	94	11	of	of	ADP
cjfa-3240	94	12	board	board	NOUN
cjfa-3240	94	13	of	of	ADP
cjfa-3240	94	14	directors	director	NOUN
cjfa-3240	94	15	,	,	PUNCT
cjfa-3240	94	16	the	the	DET
cjfa-3240	94	17	different	different	ADJ
cjfa-3240	94	18	types	type	NOUN
cjfa-3240	94	19	of	of	ADP
cjfa-3240	94	20	remuneration	remuneration	NOUN
cjfa-3240	94	21	received	receive	VERB
cjfa-3240	94	22	by	by	ADP
cjfa-3240	94	23	directors	director	NOUN
cjfa-3240	94	24	,	,	PUNCT
cjfa-3240	94	25	company	company	NOUN
cjfa-3240	94	26	size	size	NOUN
cjfa-3240	94	27	,	,	PUNCT
cjfa-3240	94	28	industry	industry	NOUN
cjfa-3240	94	29	and	and	CCONJ
cjfa-3240	94	30	profitability	profitability	NOUN
cjfa-3240	94	31	during	during	ADP
cjfa-3240	94	32	the	the	DET
cjfa-3240	94	33	period	period	NOUN
cjfa-3240	94	34	2004–2009	2004–2009	NUM
cjfa-3240	94	35	.	.	PUNCT
cjfa-3240	95	1	the	the	DET
cjfa-3240	95	2	structure	structure	NOUN
cjfa-3240	95	3	of	of	ADP
cjfa-3240	95	4	the	the	DET
cjfa-3240	95	5	sample	sample	NOUN
cjfa-3240	95	6	,	,	PUNCT
cjfa-3240	95	7	by	by	ADP
cjfa-3240	95	8	industry	industry	NOUN
cjfa-3240	95	9	,	,	PUNCT
cjfa-3240	95	10	is	be	AUX
cjfa-3240	95	11	representative	representative	ADJ
cjfa-3240	95	12	to	to	ADP
cjfa-3240	95	13	population	population	NOUN
cjfa-3240	95	14	.	.	PUNCT
cjfa-3240	96	1	so	so	ADV
cjfa-3240	96	2	,	,	PUNCT
cjfa-3240	96	3	the	the	DET
cjfa-3240	96	4	composition	composition	NOUN
cjfa-3240	96	5	of	of	ADP
cjfa-3240	96	6	the	the	DET
cjfa-3240	96	7	sample	sample	NOUN
cjfa-3240	96	8	is	be	AUX
cjfa-3240	96	9	the	the	DET
cjfa-3240	96	10	following	following	NOUN
cjfa-3240	96	11	:	:	PUNCT
cjfa-3240	96	12	a	a	X
cjfa-3240	96	13	)	)	PUNCT
cjfa-3240	96	14	petrol	petrol	NOUN
cjfa-3240	96	15	and	and	CCONJ
cjfa-3240	96	16	energy	energy	NOUN
cjfa-3240	96	17	industrial	industrial	ADJ
cjfa-3240	96	18	16,00	16,00	NUM
cjfa-3240	96	19	%	%	NOUN
cjfa-3240	96	20	(	(	PUNCT
cjfa-3240	96	21	population	population	NOUN
cjfa-3240	96	22	14,47	14,47	NUM
cjfa-3240	96	23	%	%	NOUN
cjfa-3240	96	24	)	)	PUNCT
cjfa-3240	96	25	;	;	PUNCT
cjfa-3240	96	26	b	b	X
cjfa-3240	96	27	)	)	PUNCT
cjfa-3240	96	28	basic	basic	ADJ
cjfa-3240	96	29	materials	material	NOUN
cjfa-3240	96	30	,	,	PUNCT
cjfa-3240	96	31	industry	industry	NOUN
cjfa-3240	96	32	and	and	CCONJ
cjfa-3240	96	33	construction	construction	NOUN
cjfa-3240	96	34	32	32	NUM
cjfa-3240	96	35	%	%	NOUN
cjfa-3240	96	36	(	(	PUNCT
cjfa-3240	96	37	population	population	NOUN
cjfa-3240	96	38	30,26	30,26	NUM
cjfa-3240	96	39	%	%	NOUN
cjfa-3240	96	40	)	)	PUNCT
cjfa-3240	96	41	;	;	PUNCT
cjfa-3240	96	42	c	c	X
cjfa-3240	96	43	)	)	PUNCT
cjfa-3240	96	44	consumer	consumer	NOUN
cjfa-3240	96	45	products	product	NOUN
cjfa-3240	96	46	28,80	28,80	NOUN
cjfa-3240	96	47	%	%	NOUN
cjfa-3240	96	48	(	(	PUNCT
cjfa-3240	96	49	population	population	NOUN
cjfa-3240	96	50	34,21	34,21	NOUN
cjfa-3240	96	51	%	%	NOUN
cjfa-3240	96	52	)	)	PUNCT
cjfa-3240	96	53	;	;	PUNCT
cjfa-3240	96	54	d	d	X
cjfa-3240	96	55	)	)	PUNCT
cjfa-3240	96	56	consumer	consumer	NOUN
cjfa-3240	96	57	services	service	NOUN
cjfa-3240	96	58	16	16	NUM
cjfa-3240	96	59	%	%	NOUN
cjfa-3240	96	60	;	;	PUNCT
cjfa-3240	96	61	e	e	X
cjfa-3240	96	62	)	)	PUNCT
cjfa-3240	96	63	technology	technology	NOUN
cjfa-3240	96	64	and	and	CCONJ
cjfa-3240	96	65	telecommunications	telecommunication	NOUN
cjfa-3240	96	66	7,20	7,20	NOUN
cjfa-3240	96	67	%	%	NOUN
cjfa-3240	96	68	(	(	PUNCT
cjfa-3240	96	69	population	population	NOUN
cjfa-3240	96	70	6.58%)3	6.58%)3	NOUN
cjfa-3240	96	71	.	.	PUNCT
cjfa-3240	97	1	the	the	DET
cjfa-3240	97	2	choice	choice	NOUN
cjfa-3240	97	3	of	of	ADP
cjfa-3240	97	4	spanish	spanish	ADJ
cjfa-3240	97	5	companies	company	NOUN
cjfa-3240	97	6	is	be	AUX
cjfa-3240	97	7	explained	explain	VERB
cjfa-3240	97	8	by	by	ADP
cjfa-3240	97	9	the	the	DET
cjfa-3240	97	10	fact	fact	NOUN
cjfa-3240	97	11	that	that	SCONJ
cjfa-3240	97	12	the	the	DET
cjfa-3240	97	13	corporate	corporate	ADJ
cjfa-3240	97	14	governance	governance	NOUN
cjfa-3240	97	15	system	system	NOUN
cjfa-3240	97	16	is	be	AUX
cjfa-3240	97	17	a	a	DET
cjfa-3240	97	18	special	special	ADJ
cjfa-3240	97	19	example	example	NOUN
cjfa-3240	97	20	of	of	ADP
cjfa-3240	97	21	a	a	DET
cjfa-3240	97	22	unitary	unitary	ADJ
cjfa-3240	97	23	board	board	NOUN
cjfa-3240	97	24	system	system	NOUN
cjfa-3240	97	25	and	and	CCONJ
cjfa-3240	97	26	duo	duo	NOUN
cjfa-3240	97	27	to	to	ADP
cjfa-3240	97	28	the	the	DET
cjfa-3240	97	29	particular	particular	ADJ
cjfa-3240	97	30	characteristics	characteristic	NOUN
cjfa-3240	97	31	of	of	ADP
cjfa-3240	97	32	the	the	DET
cjfa-3240	97	33	board	board	NOUN
cjfa-3240	97	34	of	of	ADP
cjfa-3240	97	35	directors	director	NOUN
cjfa-3240	97	36	for	for	ADP
cjfa-3240	97	37	this	this	DET
cjfa-3240	97	38	geographic	geographic	ADJ
cjfa-3240	97	39	and	and	CCONJ
cjfa-3240	97	40	normative	normative	ADJ
cjfa-3240	97	41	context	context	NOUN
cjfa-3240	97	42	.	.	PUNCT
cjfa-3240	98	1	also	also	ADV
cjfa-3240	98	2	,	,	PUNCT
cjfa-3240	98	3	it	it	PRON
cjfa-3240	98	4	is	be	AUX
cjfa-3240	98	5	an	an	DET
cjfa-3240	98	6	important	important	ADJ
cjfa-3240	98	7	context	context	NOUN
cjfa-3240	98	8	due	due	ADP
cjfa-3240	98	9	to	to	ADP
cjfa-3240	98	10	the	the	DET
cjfa-3240	98	11	increasing	increase	VERB
cjfa-3240	98	12	political	political	ADJ
cjfa-3240	98	13	pressure	pressure	NOUN
cjfa-3240	98	14	to	to	PART
cjfa-3240	98	15	encourage	encourage	VERB
cjfa-3240	98	16	the	the	DET
cjfa-3240	98	17	level	level	NOUN
cjfa-3240	98	18	of	of	ADP
cjfa-3240	98	19	transparency	transparency	NOUN
cjfa-3240	98	20	and	and	CCONJ
cjfa-3240	98	21	reasonableness	reasonableness	NOUN
cjfa-3240	98	22	of	of	ADP
cjfa-3240	98	23	remuneration	remuneration	NOUN
cjfa-3240	98	24	systems	system	NOUN
cjfa-3240	98	25	,	,	PUNCT
cjfa-3240	98	26	to	to	PART
cjfa-3240	98	27	which	which	PRON
cjfa-3240	98	28	are	be	AUX
cjfa-3240	98	29	subjected	subject	VERB
cjfa-3240	98	30	the	the	DET
cjfa-3240	98	31	spanish	spanish	ADJ
cjfa-3240	98	32	companies	company	NOUN
cjfa-3240	98	33	,	,	PUNCT
cjfa-3240	98	34	recently	recently	ADV
cjfa-3240	98	35	.	.	PUNCT
cjfa-3240	99	1	as	as	ADP
cjfa-3240	99	2	sources	source	NOUN
cjfa-3240	99	3	of	of	ADP
cjfa-3240	99	4	information	information	NOUN
cjfa-3240	99	5	,	,	PUNCT
cjfa-3240	99	6	we	we	PRON
cjfa-3240	99	7	take	take	VERB
cjfa-3240	99	8	data	datum	NOUN
cjfa-3240	99	9	from	from	ADP
cjfa-3240	99	10	the	the	DET
cjfa-3240	99	11	annual	annual	ADJ
cjfa-3240	99	12	report	report	NOUN
cjfa-3240	99	13	about	about	ADP
cjfa-3240	99	14	corporate	corporate	ADJ
cjfa-3240	99	15	governance	governance	NOUN
cjfa-3240	99	16	and	and	CCONJ
cjfa-3240	99	17	annual	annual	ADJ
cjfa-3240	99	18	accounts	account	NOUN
cjfa-3240	99	19	of	of	ADP
cjfa-3240	99	20	each	each	DET
cjfa-3240	99	21	corporation	corporation	NOUN
cjfa-3240	99	22	(	(	PUNCT
cjfa-3240	99	23	database	database	NOUN
cjfa-3240	99	24	of	of	ADP
cjfa-3240	99	25	the	the	DET
cjfa-3240	99	26	cnmv	cnmv	NOUN
cjfa-3240	99	27	or	or	CCONJ
cjfa-3240	99	28	spanish	spanish	ADJ
cjfa-3240	99	29	security	security	NOUN
cjfa-3240	99	30	exchange	exchange	NOUN
cjfa-3240	99	31	commission)4	commission)4	PROPN
cjfa-3240	99	32	.	.	PROPN
cjfa-3240	100	1	variables	variable	NOUN
cjfa-3240	100	2	the	the	DET
cjfa-3240	100	3	dependent	dependent	ADJ
cjfa-3240	100	4	variable	variable	NOUN
cjfa-3240	100	5	has	have	AUX
cjfa-3240	100	6	been	be	AUX
cjfa-3240	100	7	categorized	categorize	VERB
cjfa-3240	100	8	into	into	ADP
cjfa-3240	100	9	five	five	NUM
cjfa-3240	100	10	different	different	ADJ
cjfa-3240	100	11	types	type	NOUN
cjfa-3240	100	12	of	of	ADP
cjfa-3240	100	13	the	the	DET
cjfa-3240	100	14	compensation	compensation	NOUN
cjfa-3240	100	15	according	accord	VERB
cjfa-3240	100	16	to	to	ADP
cjfa-3240	100	17	the	the	DET
cjfa-3240	100	18	corporate	corporate	ADJ
cjfa-3240	100	19	governance	governance	NOUN
cjfa-3240	100	20	report‘s	report‘s	NOUN
cjfa-3240	100	21	information	information	NOUN
cjfa-3240	100	22	:	:	PUNCT
cjfa-3240	100	23	a	a	X
cjfa-3240	100	24	)	)	PUNCT
cjfa-3240	100	25	fixed	fix	VERB
cjfa-3240	100	26	remuneration	remuneration	NOUN
cjfa-3240	100	27	(	(	PUNCT
cjfa-3240	100	28	fixrem	fixrem	ADJ
cjfa-3240	100	29	)	)	PUNCT
cjfa-3240	100	30	;	;	PUNCT
cjfa-3240	100	31	b	b	X
cjfa-3240	100	32	)	)	PUNCT
cjfa-3240	100	33	variable	variable	ADJ
cjfa-3240	100	34	payments	payment	NOUN
cjfa-3240	100	35	(	(	PUNCT
cjfa-3240	100	36	varrem	varrem	NUM
cjfa-3240	100	37	)	)	PUNCT
cjfa-3240	100	38	;	;	PUNCT
cjfa-3240	100	39	c	c	X
cjfa-3240	100	40	)	)	PUNCT
cjfa-3240	100	41	salary	salary	NOUN
cjfa-3240	100	42	fees	fee	NOUN
cjfa-3240	100	43	(	(	PUNCT
cjfa-3240	100	44	salfee	salfee	NOUN
cjfa-3240	100	45	)	)	PUNCT
cjfa-3240	100	46	;	;	PUNCT
cjfa-3240	101	1	d	d	X
cjfa-3240	101	2	)	)	PUNCT
cjfa-3240	101	3	attendance	attendance	NOUN
cjfa-3240	101	4	fees	fee	NOUN
cjfa-3240	101	5	(	(	PUNCT
cjfa-3240	101	6	attfee	attfee	NOUN
cjfa-3240	101	7	)	)	PUNCT
cjfa-3240	101	8	;	;	PUNCT
cjfa-3240	101	9	and	and	CCONJ
cjfa-3240	101	10	e	e	X
cjfa-3240	101	11	)	)	PUNCT
cjfa-3240	101	12	others	other	NOUN
cjfa-3240	101	13	perquisites	perquisite	NOUN
cjfa-3240	101	14	(	(	PUNCT
cjfa-3240	101	15	othper	othper	NOUN
cjfa-3240	101	16	)	)	PUNCT
cjfa-3240	101	17	,	,	PUNCT
cjfa-3240	101	18	which	which	PRON
cjfa-3240	101	19	include	include	VERB
cjfa-3240	101	20	the	the	DET
cjfa-3240	101	21	delivery	delivery	NOUN
cjfa-3240	101	22	of	of	ADP
cjfa-3240	101	23	stock	stock	NOUN
cjfa-3240	101	24	and	and	CCONJ
cjfa-3240	101	25	3	3	NUM
cjfa-3240	101	26	to	to	PART
cjfa-3240	101	27	verify	verify	VERB
cjfa-3240	101	28	the	the	DET
cjfa-3240	101	29	representativeness	representativeness	NOUN
cjfa-3240	101	30	of	of	ADP
cjfa-3240	101	31	the	the	DET
cjfa-3240	101	32	sample	sample	NOUN
cjfa-3240	101	33	,	,	PUNCT
cjfa-3240	101	34	the	the	DET
cjfa-3240	101	35	maximum	maximum	ADJ
cjfa-3240	101	36	allowable	allowable	ADJ
cjfa-3240	101	37	error	error	NOUN
cjfa-3240	101	38	for	for	ADP
cjfa-3240	101	39	a	a	DET
cjfa-3240	101	40	finite	finite	ADJ
cjfa-3240	101	41	population	population	NOUN
cjfa-3240	101	42	was	be	AUX
cjfa-3240	101	43	estimated	estimate	VERB
cjfa-3240	101	44	.	.	PUNCT
cjfa-3240	102	1	the	the	DET
cjfa-3240	102	2	maximum	maximum	ADJ
cjfa-3240	102	3	error	error	NOUN
cjfa-3240	102	4	is	be	AUX
cjfa-3240	102	5	small	small	ADJ
cjfa-3240	102	6	,	,	PUNCT
cjfa-3240	102	7	7.07	7.07	NUM
cjfa-3240	102	8	%	%	NOUN
cjfa-3240	102	9	to	to	PART
cjfa-3240	102	10	be	be	AUX
cjfa-3240	102	11	exact	exact	ADJ
cjfa-3240	102	12	,	,	PUNCT
cjfa-3240	102	13	with	with	ADP
cjfa-3240	102	14	a	a	DET
cjfa-3240	102	15	level	level	NOUN
cjfa-3240	102	16	of	of	ADP
cjfa-3240	102	17	confidence	confidence	NOUN
cjfa-3240	102	18	of	of	ADP
cjfa-3240	102	19	95	95	NUM
cjfa-3240	102	20	%	%	NOUN
cjfa-3240	102	21	(	(	PUNCT
cjfa-3240	102	22	p=5	p=5	NOUN
cjfa-3240	102	23	%	%	NOUN
cjfa-3240	102	24	)	)	PUNCT
cjfa-3240	102	25	,	,	PUNCT
cjfa-3240	102	26	leading	lead	VERB
cjfa-3240	102	27	to	to	ADP
cjfa-3240	102	28	the	the	DET
cjfa-3240	102	29	consideration	consideration	NOUN
cjfa-3240	102	30	that	that	SCONJ
cjfa-3240	102	31	the	the	DET
cjfa-3240	102	32	sample	sample	NOUN
cjfa-3240	102	33	is	be	AUX
cjfa-3240	102	34	representative	representative	NOUN
cjfa-3240	102	35	of	of	ADP
cjfa-3240	102	36	the	the	DET
cjfa-3240	102	37	population	population	NOUN
cjfa-3240	102	38	.	.	PUNCT
cjfa-3240	103	1	maximum	maximum	ADJ
cjfa-3240	103	2	allowable	allowable	ADJ
cjfa-3240	103	3	error	error	NOUN
cjfa-3240	103	4	:	:	PUNCT
cjfa-3240	103	5	n	n	CCONJ
cjfa-3240	103	6	pq	pq	INTJ
cjfa-3240	103	7	n	n	CCONJ
cjfa-3240	103	8	nn	nn	PROPN
cjfa-3240	103	9	12	12	NUM
cjfa-3240	103	10	1	1	NUM
cjfa-3240	103	11			NOUN
cjfa-3240	103	12			ADP
cjfa-3240	103	13			NOUN
cjfa-3240	103	14	where	where	SCONJ
cjfa-3240	103	15	:	:	PUNCT
cjfa-3240	103	16	z	z	NOUN
cjfa-3240	103	17	1	1	NUM
cjfa-3240	103	18	-	-	PUNCT
cjfa-3240	103	19	α/2	α/2	NUM
cjfa-3240	103	20	=	=	SYM
cjfa-3240	103	21	z	z	NOUN
cjfa-3240	103	22	value	value	NOUN
cjfa-3240	103	23	associated	associate	VERB
cjfa-3240	103	24	with	with	ADP
cjfa-3240	103	25	the	the	DET
cjfa-3240	103	26	degree	degree	NOUN
cjfa-3240	103	27	of	of	ADP
cjfa-3240	103	28	confidence	confidence	NOUN
cjfa-3240	103	29	1α	1α	NUM
cjfa-3240	103	30	;	;	PUNCT
cjfa-3240	103	31	n	n	NOUN
cjfa-3240	103	32	=	=	NOUN
cjfa-3240	103	33	size	size	NOUN
cjfa-3240	103	34	of	of	ADP
cjfa-3240	103	35	the	the	DET
cjfa-3240	103	36	population	population	NOUN
cjfa-3240	103	37	;	;	PUNCT
cjfa-3240	103	38	n=	n=	ADJ
cjfa-3240	103	39	size	size	NOUN
cjfa-3240	103	40	of	of	ADP
cjfa-3240	103	41	the	the	DET
cjfa-3240	103	42	sample	sample	NOUN
cjfa-3240	103	43	;	;	PUNCT
cjfa-3240	103	44	p	p	NOUN
cjfa-3240	103	45	=	=	NOUN
cjfa-3240	103	46	proportion	proportion	NOUN
cjfa-3240	103	47	;	;	PUNCT
cjfa-3240	103	48	and	and	CCONJ
cjfa-3240	103	49	,	,	PUNCT
cjfa-3240	103	50	q	q	X
cjfa-3240	103	51	=	=	PUNCT
cjfa-3240	103	52	(	(	PUNCT
cjfa-3240	103	53	1	1	NUM
cjfa-3240	103	54	-	-	PUNCT
cjfa-3240	103	55	p	p	NOUN
cjfa-3240	103	56	)	)	PUNCT
cjfa-3240	103	57	.	.	PUNCT
cjfa-3240	104	1	this	this	DET
cjfa-3240	104	2	procedure	procedure	NOUN
cjfa-3240	104	3	is	be	AUX
cjfa-3240	104	4	applied	apply	VERB
cjfa-3240	104	5	previously	previously	ADV
cjfa-3240	104	6	by	by	ADP
cjfa-3240	104	7	manzaneque	manzaneque	PROPN
cjfa-3240	104	8	et	et	PROPN
cjfa-3240	104	9	al	al	PROPN
cjfa-3240	104	10	.	.	PUNCT
cjfa-3240	105	1	(	(	PUNCT
cjfa-3240	105	2	2011	2011	NUM
cjfa-3240	105	3	)	)	PUNCT
cjfa-3240	105	4	.	.	PUNCT
cjfa-3240	106	1	4	4	NUM
cjfa-3240	106	2	http://www.cnmv.es/portal/consultas/busquedaporentidad.aspx	http://www.cnmv.es/portal/consultas/busquedaporentidad.aspx	NOUN
cjfa-3240	106	3	.	.	PUNCT
cjfa-3240	107	1	where	where	SCONJ
cjfa-3240	107	2	:	:	PUNCT
cjfa-3240	107	3	z	z	NOUN
cjfa-3240	107	4	1	1	NUM
cjfa-3240	107	5	-	-	PUNCT
cjfa-3240	107	6	α/2	α/2	NUM
cjfa-3240	107	7	=	=	SYM
cjfa-3240	107	8	z	z	NOUN
cjfa-3240	107	9	value	value	NOUN
cjfa-3240	107	10	associated	associate	VERB
cjfa-3240	107	11	with	with	ADP
cjfa-3240	107	12	the	the	DET
cjfa-3240	107	13	degree	degree	NOUN
cjfa-3240	107	14	of	of	ADP
cjfa-3240	107	15	confidence	confidence	NOUN
cjfa-3240	107	16	1α	1α	NUM
cjfa-3240	107	17	;	;	PUNCT
cjfa-3240	107	18	n	n	NOUN
cjfa-3240	107	19	=	=	NOUN
cjfa-3240	107	20	size	size	NOUN
cjfa-3240	107	21	of	of	ADP
cjfa-3240	107	22	the	the	DET
cjfa-3240	107	23	population	population	NOUN
cjfa-3240	107	24	;	;	PUNCT
cjfa-3240	107	25	n=	n=	ADJ
cjfa-3240	107	26	size	size	NOUN
cjfa-3240	107	27	of	of	ADP
cjfa-3240	107	28	the	the	DET
cjfa-3240	107	29	sample	sample	NOUN
cjfa-3240	107	30	;	;	PUNCT
cjfa-3240	107	31	p	p	NOUN
cjfa-3240	107	32	=	=	NOUN
cjfa-3240	107	33	proportion	proportion	NOUN
cjfa-3240	107	34	;	;	PUNCT
cjfa-3240	107	35	and	and	CCONJ
cjfa-3240	107	36	,	,	PUNCT
cjfa-3240	107	37	q	q	X
cjfa-3240	107	38	=	=	PUNCT
cjfa-3240	107	39	(	(	PUNCT
cjfa-3240	107	40	1	1	NUM
cjfa-3240	107	41	-	-	PUNCT
cjfa-3240	107	42	p	p	NOUN
cjfa-3240	107	43	)	)	PUNCT
cjfa-3240	107	44	.	.	PUNCT
cjfa-3240	108	1	this	this	DET
cjfa-3240	108	2	procedure	procedure	NOUN
cjfa-3240	108	3	is	be	AUX
cjfa-3240	108	4	applied	apply	VERB
cjfa-3240	108	5	previously	previously	ADV
cjfa-3240	108	6	by	by	ADP
cjfa-3240	108	7	manzaneque	manzaneque	PROPN
cjfa-3240	108	8	et	et	PROPN
cjfa-3240	108	9	al	al	PROPN
cjfa-3240	108	10	.	.	PUNCT
cjfa-3240	109	1	(	(	PUNCT
cjfa-3240	109	2	2011	2011	NUM
cjfa-3240	109	3	)	)	PUNCT
cjfa-3240	109	4	.	.	PUNCT
cjfa-3240	110	1	elena	elena	PROPN
cjfa-3240	110	2	merino	merino	PROPN
cjfa-3240	110	3	,	,	PUNCT
cjfa-3240	110	4	montserrat	montserrat	PROPN
cjfa-3240	110	5	manzaneque	manzaneque	NOUN
cjfa-3240	110	6	,	,	PUNCT
cjfa-3240	110	7	alba	alba	PROPN
cjfa-3240	110	8	mª	mª	PROPN
cjfa-3240	110	9	priego132	priego132	VERB
cjfa-3240	110	10	the	the	DET
cjfa-3240	110	11	choice	choice	NOUN
cjfa-3240	110	12	of	of	ADP
cjfa-3240	110	13	spanish	spanish	ADJ
cjfa-3240	110	14	companies	company	NOUN
cjfa-3240	110	15	is	be	AUX
cjfa-3240	110	16	explained	explain	VERB
cjfa-3240	110	17	by	by	ADP
cjfa-3240	110	18	the	the	DET
cjfa-3240	110	19	fact	fact	NOUN
cjfa-3240	110	20	that	that	SCONJ
cjfa-3240	110	21	the	the	DET
cjfa-3240	110	22	corporate	corporate	ADJ
cjfa-3240	110	23	governance	governance	NOUN
cjfa-3240	110	24	system	system	NOUN
cjfa-3240	110	25	is	be	AUX
cjfa-3240	110	26	a	a	DET
cjfa-3240	110	27	special	special	ADJ
cjfa-3240	110	28	example	example	NOUN
cjfa-3240	110	29	of	of	ADP
cjfa-3240	110	30	a	a	DET
cjfa-3240	110	31	unitary	unitary	ADJ
cjfa-3240	110	32	board	board	NOUN
cjfa-3240	110	33	system	system	NOUN
cjfa-3240	110	34	and	and	CCONJ
cjfa-3240	110	35	duo	duo	NOUN
cjfa-3240	110	36	to	to	ADP
cjfa-3240	110	37	the	the	DET
cjfa-3240	110	38	particular	particular	ADJ
cjfa-3240	110	39	characteristics	characteristic	NOUN
cjfa-3240	110	40	of	of	ADP
cjfa-3240	110	41	the	the	DET
cjfa-3240	110	42	board	board	NOUN
cjfa-3240	110	43	of	of	ADP
cjfa-3240	110	44	directors	director	NOUN
cjfa-3240	110	45	for	for	ADP
cjfa-3240	110	46	this	this	DET
cjfa-3240	110	47	geographic	geographic	ADJ
cjfa-3240	110	48	and	and	CCONJ
cjfa-3240	110	49	normative	normative	ADJ
cjfa-3240	110	50	context	context	NOUN
cjfa-3240	110	51	.	.	PUNCT
cjfa-3240	111	1	also	also	ADV
cjfa-3240	111	2	,	,	PUNCT
cjfa-3240	111	3	it	it	PRON
cjfa-3240	111	4	is	be	AUX
cjfa-3240	111	5	an	an	DET
cjfa-3240	111	6	important	important	ADJ
cjfa-3240	111	7	context	context	NOUN
cjfa-3240	111	8	due	due	ADP
cjfa-3240	111	9	to	to	ADP
cjfa-3240	111	10	the	the	DET
cjfa-3240	111	11	increasing	increase	VERB
cjfa-3240	111	12	political	political	ADJ
cjfa-3240	111	13	pressure	pressure	NOUN
cjfa-3240	111	14	to	to	PART
cjfa-3240	111	15	encourage	encourage	VERB
cjfa-3240	111	16	the	the	DET
cjfa-3240	111	17	level	level	NOUN
cjfa-3240	111	18	of	of	ADP
cjfa-3240	111	19	transparency	transparency	NOUN
cjfa-3240	111	20	and	and	CCONJ
cjfa-3240	111	21	reasonableness	reasonableness	NOUN
cjfa-3240	111	22	of	of	ADP
cjfa-3240	111	23	remuneration	remuneration	NOUN
cjfa-3240	111	24	systems	system	NOUN
cjfa-3240	111	25	,	,	PUNCT
cjfa-3240	111	26	to	to	PART
cjfa-3240	111	27	which	which	PRON
cjfa-3240	111	28	are	be	AUX
cjfa-3240	111	29	subjected	subject	VERB
cjfa-3240	111	30	the	the	DET
cjfa-3240	111	31	spanish	spanish	ADJ
cjfa-3240	111	32	companies	company	NOUN
cjfa-3240	111	33	,	,	PUNCT
cjfa-3240	111	34	recently	recently	ADV
cjfa-3240	111	35	.	.	PUNCT
cjfa-3240	112	1	as	as	ADP
cjfa-3240	112	2	sources	source	NOUN
cjfa-3240	112	3	of	of	ADP
cjfa-3240	112	4	information	information	NOUN
cjfa-3240	112	5	,	,	PUNCT
cjfa-3240	112	6	we	we	PRON
cjfa-3240	112	7	take	take	VERB
cjfa-3240	112	8	data	datum	NOUN
cjfa-3240	112	9	from	from	ADP
cjfa-3240	112	10	the	the	DET
cjfa-3240	112	11	annual	annual	ADJ
cjfa-3240	112	12	report	report	NOUN
cjfa-3240	112	13	about	about	ADP
cjfa-3240	112	14	corporate	corporate	ADJ
cjfa-3240	112	15	governance	governance	NOUN
cjfa-3240	112	16	and	and	CCONJ
cjfa-3240	112	17	annual	annual	ADJ
cjfa-3240	112	18	accounts	account	NOUN
cjfa-3240	112	19	of	of	ADP
cjfa-3240	112	20	each	each	DET
cjfa-3240	112	21	corporation	corporation	NOUN
cjfa-3240	112	22	(	(	PUNCT
cjfa-3240	112	23	database	database	NOUN
cjfa-3240	112	24	of	of	ADP
cjfa-3240	112	25	the	the	DET
cjfa-3240	112	26	cnmv	cnmv	NOUN
cjfa-3240	112	27	or	or	CCONJ
cjfa-3240	112	28	spanish	spanish	ADJ
cjfa-3240	112	29	security	security	NOUN
cjfa-3240	112	30	exchange	exchange	NOUN
cjfa-3240	112	31	commission)4	commission)4	PROPN
cjfa-3240	112	32	.	.	PROPN
cjfa-3240	113	1	variables	variable	NOUN
cjfa-3240	113	2	the	the	DET
cjfa-3240	113	3	dependent	dependent	ADJ
cjfa-3240	113	4	variable	variable	NOUN
cjfa-3240	113	5	has	have	AUX
cjfa-3240	113	6	been	be	AUX
cjfa-3240	113	7	categorized	categorize	VERB
cjfa-3240	113	8	into	into	ADP
cjfa-3240	113	9	five	five	NUM
cjfa-3240	113	10	different	different	ADJ
cjfa-3240	113	11	types	type	NOUN
cjfa-3240	113	12	of	of	ADP
cjfa-3240	113	13	the	the	DET
cjfa-3240	113	14	compensation	compensation	NOUN
cjfa-3240	113	15	according	accord	VERB
cjfa-3240	113	16	to	to	ADP
cjfa-3240	113	17	the	the	DET
cjfa-3240	113	18	corporate	corporate	ADJ
cjfa-3240	113	19	governance	governance	NOUN
cjfa-3240	113	20	report‘s	report‘s	NOUN
cjfa-3240	113	21	information	information	NOUN
cjfa-3240	113	22	:	:	PUNCT
cjfa-3240	113	23	a	a	X
cjfa-3240	113	24	)	)	PUNCT
cjfa-3240	113	25	fixed	fix	VERB
cjfa-3240	113	26	remuneration	remuneration	NOUN
cjfa-3240	113	27	(	(	PUNCT
cjfa-3240	113	28	fixrem	fixrem	ADJ
cjfa-3240	113	29	)	)	PUNCT
cjfa-3240	113	30	;	;	PUNCT
cjfa-3240	113	31	b	b	X
cjfa-3240	113	32	)	)	PUNCT
cjfa-3240	113	33	variable	variable	ADJ
cjfa-3240	113	34	payments	payment	NOUN
cjfa-3240	113	35	(	(	PUNCT
cjfa-3240	113	36	varrem	varrem	NUM
cjfa-3240	113	37	)	)	PUNCT
cjfa-3240	113	38	;	;	PUNCT
cjfa-3240	113	39	c	c	X
cjfa-3240	113	40	)	)	PUNCT
cjfa-3240	113	41	salary	salary	NOUN
cjfa-3240	113	42	fees	fee	NOUN
cjfa-3240	113	43	(	(	PUNCT
cjfa-3240	113	44	salfee	salfee	NOUN
cjfa-3240	113	45	)	)	PUNCT
cjfa-3240	113	46	;	;	PUNCT
cjfa-3240	114	1	d	d	X
cjfa-3240	114	2	)	)	PUNCT
cjfa-3240	114	3	attendance	attendance	NOUN
cjfa-3240	114	4	fees	fee	NOUN
cjfa-3240	114	5	(	(	PUNCT
cjfa-3240	114	6	attfee	attfee	NOUN
cjfa-3240	114	7	)	)	PUNCT
cjfa-3240	114	8	;	;	PUNCT
cjfa-3240	114	9	and	and	CCONJ
cjfa-3240	114	10	e	e	X
cjfa-3240	114	11	)	)	PUNCT
cjfa-3240	114	12	others	other	NOUN
cjfa-3240	114	13	perquisites	perquisite	NOUN
cjfa-3240	114	14	(	(	PUNCT
cjfa-3240	114	15	othper	othper	NOUN
cjfa-3240	114	16	)	)	PUNCT
cjfa-3240	114	17	,	,	PUNCT
cjfa-3240	114	18	which	which	PRON
cjfa-3240	114	19	include	include	VERB
cjfa-3240	114	20	the	the	DET
cjfa-3240	114	21	delivery	delivery	NOUN
cjfa-3240	114	22	of	of	ADP
cjfa-3240	114	23	stock	stock	NOUN
cjfa-3240	114	24	and	and	CCONJ
cjfa-3240	114	25	stock	stock	NOUN
cjfa-3240	114	26	options	option	NOUN
cjfa-3240	114	27	,	,	PUNCT
cjfa-3240	114	28	advances	advance	NOUN
cjfa-3240	114	29	,	,	PUNCT
cjfa-3240	114	30	loans	loan	NOUN
cjfa-3240	114	31	,	,	PUNCT
cjfa-3240	114	32	funds	fund	NOUN
cjfa-3240	114	33	and	and	CCONJ
cjfa-3240	114	34	pension	pension	NOUN
cjfa-3240	114	35	plans	plan	NOUN
cjfa-3240	114	36	,	,	PUNCT
cjfa-3240	114	37	insurance	insurance	NOUN
cjfa-3240	114	38	premiums	premium	NOUN
cjfa-3240	114	39	and	and	CCONJ
cjfa-3240	114	40	guarantees	guarantee	NOUN
cjfa-3240	114	41	provided	provide	VERB
cjfa-3240	114	42	for	for	ADP
cjfa-3240	114	43	directors	director	NOUN
cjfa-3240	114	44	.	.	PUNCT
cjfa-3240	115	1	also	also	ADV
cjfa-3240	115	2	,	,	PUNCT
cjfa-3240	115	3	we	we	PRON
cjfa-3240	115	4	define	define	VERB
cjfa-3240	115	5	the	the	DET
cjfa-3240	115	6	total	total	ADJ
cjfa-3240	115	7	compensation	compensation	NOUN
cjfa-3240	115	8	as	as	ADP
cjfa-3240	115	9	the	the	DET
cjfa-3240	115	10	sum	sum	NOUN
cjfa-3240	115	11	of	of	ADP
cjfa-3240	115	12	all	all	DET
cjfa-3240	115	13	this	this	DET
cjfa-3240	115	14	types	type	NOUN
cjfa-3240	115	15	of	of	ADP
cjfa-3240	115	16	compensation	compensation	NOUN
cjfa-3240	115	17	(	(	PUNCT
cjfa-3240	115	18	compen	compen	PROPN
cjfa-3240	115	19	)	)	PUNCT
cjfa-3240	115	20	.	.	PUNCT
cjfa-3240	116	1	all	all	PRON
cjfa-3240	116	2	of	of	ADP
cjfa-3240	116	3	these	these	DET
cjfa-3240	116	4	variables	variable	NOUN
cjfa-3240	116	5	have	have	AUX
cjfa-3240	116	6	been	be	AUX
cjfa-3240	116	7	transformed	transform	VERB
cjfa-3240	116	8	applying	apply	VERB
cjfa-3240	116	9	logarithms	logarithm	NOUN
cjfa-3240	116	10	in	in	ADP
cjfa-3240	116	11	order	order	NOUN
cjfa-3240	116	12	to	to	PART
cjfa-3240	116	13	reduce	reduce	VERB
cjfa-3240	116	14	the	the	DET
cjfa-3240	116	15	heteroscedasticity5	heteroscedasticity5	NOUN
cjfa-3240	116	16	.	.	PUNCT
cjfa-3240	117	1	as	as	ADP
cjfa-3240	117	2	independent	independent	ADJ
cjfa-3240	117	3	variables	variable	NOUN
cjfa-3240	117	4	,	,	PUNCT
cjfa-3240	117	5	several	several	ADJ
cjfa-3240	117	6	measures	measure	NOUN
cjfa-3240	117	7	concerning	concern	VERB
cjfa-3240	117	8	the	the	DET
cjfa-3240	117	9	board	board	NOUN
cjfa-3240	117	10	of	of	ADP
cjfa-3240	117	11	directors	director	NOUN
cjfa-3240	117	12	’	'	PUNCT
cjfa-3240	117	13	characteristics	characteristic	NOUN
cjfa-3240	117	14	are	be	AUX
cjfa-3240	117	15	proposed	propose	VERB
cjfa-3240	117	16	,	,	PUNCT
cjfa-3240	117	17	such	such	ADJ
cjfa-3240	117	18	as	as	ADP
cjfa-3240	117	19	board	board	NOUN
cjfa-3240	117	20	ownership	ownership	NOUN
cjfa-3240	117	21	(	(	PUNCT
cjfa-3240	117	22	owndir	owndir	NOUN
cjfa-3240	117	23	)	)	PUNCT
cjfa-3240	117	24	,	,	PUNCT
cjfa-3240	117	25	duality	duality	NOUN
cjfa-3240	117	26	of	of	ADP
cjfa-3240	117	27	the	the	DET
cjfa-3240	117	28	chairman	chairman	NOUN
cjfa-3240	117	29	of	of	ADP
cjfa-3240	117	30	the	the	DET
cjfa-3240	117	31	board	board	NOUN
cjfa-3240	117	32	and	and	CCONJ
cjfa-3240	117	33	the	the	DET
cjfa-3240	117	34	ceo	ceo	NOUN
cjfa-3240	117	35	(	(	PUNCT
cjfa-3240	117	36	ceodua	ceodua	PROPN
cjfa-3240	117	37	)	)	PUNCT
cjfa-3240	117	38	,	,	PUNCT
cjfa-3240	117	39	proportion	proportion	NOUN
cjfa-3240	117	40	of	of	ADP
cjfa-3240	117	41	independent	independent	ADJ
cjfa-3240	117	42	external	external	ADJ
cjfa-3240	117	43	board	board	NOUN
cjfa-3240	117	44	members	member	NOUN
cjfa-3240	117	45	(	(	PUNCT
cjfa-3240	117	46	outsid	outsid	ADJ
cjfa-3240	117	47	)	)	PUNCT
cjfa-3240	117	48	and	and	CCONJ
cjfa-3240	117	49	size	size	NOUN
cjfa-3240	117	50	of	of	ADP
cjfa-3240	117	51	the	the	DET
cjfa-3240	117	52	board	board	NOUN
cjfa-3240	117	53	(	(	PUNCT
cjfa-3240	117	54	brdsiz	brdsiz	PROPN
cjfa-3240	117	55	)	)	PUNCT
cjfa-3240	117	56	.	.	PUNCT
cjfa-3240	118	1	these	these	DET
cjfa-3240	118	2	variables	variable	NOUN
cjfa-3240	118	3	have	have	AUX
cjfa-3240	118	4	been	be	AUX
cjfa-3240	118	5	widely	widely	ADV
cjfa-3240	118	6	used	use	VERB
cjfa-3240	118	7	in	in	ADP
cjfa-3240	118	8	previous	previous	ADJ
cjfa-3240	118	9	studies6	studies6	PROPN
cjfa-3240	118	10	.	.	PUNCT
cjfa-3240	119	1	also	also	ADV
cjfa-3240	119	2	,	,	PUNCT
cjfa-3240	119	3	we	we	PRON
cjfa-3240	119	4	chose	choose	VERB
cjfa-3240	119	5	firm	firm	ADJ
cjfa-3240	119	6	size	size	NOUN
cjfa-3240	119	7	(	(	PUNCT
cjfa-3240	119	8	crpsize	crpsize	NOUN
cjfa-3240	119	9	)	)	PUNCT
cjfa-3240	119	10	,	,	PUNCT
cjfa-3240	119	11	industry	industry	NOUN
cjfa-3240	119	12	(	(	PUNCT
cjfa-3240	119	13	industry	industry	NOUN
cjfa-3240	119	14	)	)	PUNCT
cjfa-3240	119	15	and	and	CCONJ
cjfa-3240	119	16	corporate	corporate	ADJ
cjfa-3240	119	17	performance	performance	NOUN
cjfa-3240	119	18	as	as	ADP
cjfa-3240	119	19	“	"	PUNCT
cjfa-3240	119	20	control	control	NOUN
cjfa-3240	119	21	variables	variable	NOUN
cjfa-3240	119	22	”	"	PUNCT
cjfa-3240	119	23	.	.	PUNCT
cjfa-3240	120	1	all	all	PRON
cjfa-3240	120	2	of	of	ADP
cjfa-3240	120	3	them	they	PRON
cjfa-3240	120	4	have	have	AUX
cjfa-3240	120	5	been	be	AUX
cjfa-3240	120	6	demonstrated	demonstrate	VERB
cjfa-3240	120	7	to	to	PART
cjfa-3240	120	8	have	have	VERB
cjfa-3240	120	9	an	an	DET
cjfa-3240	120	10	important	important	ADJ
cjfa-3240	120	11	effect	effect	NOUN
cjfa-3240	120	12	on	on	ADP
cjfa-3240	120	13	the	the	DET
cjfa-3240	120	14	board	board	NOUN
cjfa-3240	120	15	’s	’s	PART
cjfa-3240	120	16	compensation	compensation	NOUN
cjfa-3240	120	17	level	level	NOUN
cjfa-3240	120	18	in	in	ADP
cjfa-3240	120	19	spain	spain	PROPN
cjfa-3240	120	20	in	in	ADP
cjfa-3240	120	21	previous	previous	ADJ
cjfa-3240	120	22	studies	study	NOUN
cjfa-3240	120	23	(	(	PUNCT
cjfa-3240	120	24	manzaneque	manzaneque	NOUN
cjfa-3240	120	25	et	et	PROPN
cjfa-3240	120	26	al	al	PROPN
cjfa-3240	120	27	.	.	PROPN
cjfa-3240	120	28	,	,	PUNCT
cjfa-3240	120	29	2011	2011	NUM
cjfa-3240	120	30	)	)	PUNCT
cjfa-3240	120	31	.	.	PUNCT
cjfa-3240	121	1	in	in	ADP
cjfa-3240	121	2	order	order	NOUN
cjfa-3240	121	3	to	to	PART
cjfa-3240	121	4	take	take	VERB
cjfa-3240	121	5	a	a	DET
cjfa-3240	121	6	wide	wide	ADJ
cjfa-3240	121	7	range	range	NOUN
cjfa-3240	121	8	of	of	ADP
cjfa-3240	121	9	performance	performance	NOUN
cjfa-3240	121	10	variables	variable	NOUN
cjfa-3240	121	11	,	,	PUNCT
cjfa-3240	121	12	two	two	NUM
cjfa-3240	121	13	different	different	ADJ
cjfa-3240	121	14	measures	measure	NOUN
cjfa-3240	121	15	are	be	AUX
cjfa-3240	121	16	used	use	VERB
cjfa-3240	121	17	:	:	PUNCT
cjfa-3240	121	18	a	a	X
cjfa-3240	121	19	)	)	PUNCT
cjfa-3240	121	20	the	the	DET
cjfa-3240	121	21	return	return	NOUN
cjfa-3240	121	22	on	on	ADP
cjfa-3240	121	23	assets	asset	NOUN
cjfa-3240	121	24	(	(	PUNCT
cjfa-3240	121	25	roa	roa	NOUN
cjfa-3240	121	26	)	)	PUNCT
cjfa-3240	121	27	(	(	PUNCT
cjfa-3240	121	28	angbazo	angbazo	PROPN
cjfa-3240	121	29	,	,	PUNCT
cjfa-3240	121	30	narayanan	narayanan	PROPN
cjfa-3240	121	31	1997	1997	NUM
cjfa-3240	121	32	;	;	PUNCT
cjfa-3240	121	33	arrondo	arrondo	NOUN
cjfa-3240	121	34	et	et	PROPN
cjfa-3240	121	35	al	al	PROPN
cjfa-3240	121	36	.	.	PROPN
cjfa-3240	121	37	,	,	PUNCT
cjfa-3240	121	38	2008	2008	NUM
cjfa-3240	121	39	;	;	PUNCT
cjfa-3240	121	40	andreas	andreas	PROPN
cjfa-3240	121	41	et	et	PROPN
cjfa-3240	121	42	al	al	PROPN
cjfa-3240	121	43	.	.	PROPN
cjfa-3240	121	44	,	,	PUNCT
cjfa-3240	121	45	2009	2009	NUM
cjfa-3240	121	46	;	;	PUNCT
cjfa-3240	121	47	matolcsy	matolcsy	PROPN
cjfa-3240	121	48	,	,	PUNCT
cjfa-3240	121	49	wright	wright	PROPN
cjfa-3240	121	50	2011	2011	NUM
cjfa-3240	121	51	)	)	PUNCT
cjfa-3240	121	52	,	,	PUNCT
cjfa-3240	121	53	ratio	ratio	NOUN
cjfa-3240	121	54	of	of	ADP
cjfa-3240	121	55	operat4	operat4	NOUN
cjfa-3240	121	56	 	 	SPACE
cjfa-3240	121	57	http://www.cnmv.es/portal/consultas/busquedaporentidad.aspx	http://www.cnmv.es/portal/consultas/busquedaporentidad.aspx	NOUN
cjfa-3240	121	58	.	.	PUNCT
cjfa-3240	122	1	5	5	NUM
cjfa-3240	122	2	 	 	SPACE
cjfa-3240	122	3	see	see	VERB
cjfa-3240	122	4	finkelstein	finkelstein	PROPN
cjfa-3240	122	5	and	and	CCONJ
cjfa-3240	122	6	hambrick	hambrick	PROPN
cjfa-3240	122	7	(	(	PUNCT
cjfa-3240	122	8	1989	1989	NUM
cjfa-3240	122	9	)	)	PUNCT
cjfa-3240	122	10	,	,	PUNCT
cjfa-3240	122	11	boyd	boyd	PROPN
cjfa-3240	122	12	(	(	PUNCT
cjfa-3240	122	13	1994	1994	NUM
cjfa-3240	122	14	)	)	PUNCT
cjfa-3240	122	15	,	,	PUNCT
cjfa-3240	122	16	cheng	cheng	PROPN
cjfa-3240	122	17	and	and	CCONJ
cjfa-3240	122	18	firth	firth	PROPN
cjfa-3240	122	19	(	(	PUNCT
cjfa-3240	122	20	2005	2005	NUM
cjfa-3240	122	21	)	)	PUNCT
cjfa-3240	122	22	and	and	CCONJ
cjfa-3240	122	23	manzaneque	manzaneque	NOUN
cjfa-3240	122	24	et	et	PROPN
cjfa-3240	122	25	al	al	PROPN
cjfa-3240	122	26	.	.	PUNCT
cjfa-3240	123	1	(	(	PUNCT
cjfa-3240	123	2	2011	2011	NUM
cjfa-3240	123	3	)	)	PUNCT
cjfa-3240	123	4	.	.	PUNCT
cjfa-3240	124	1	6	6	NUM
cjfa-3240	124	2	 	 	SPACE
cjfa-3240	124	3	see	see	VERB
cjfa-3240	124	4	manzaneque	manzaneque	NOUN
cjfa-3240	124	5	et	et	PROPN
cjfa-3240	124	6	al	al	PROPN
cjfa-3240	124	7	.	.	PROPN
cjfa-3240	125	1	(	(	PUNCT
cjfa-3240	125	2	2011	2011	NUM
cjfa-3240	125	3	)	)	PUNCT
cjfa-3240	125	4	for	for	ADP
cjfa-3240	125	5	a	a	DET
cjfa-3240	125	6	revision	revision	NOUN
cjfa-3240	125	7	.	.	PUNCT
cjfa-3240	126	1	“	"	PUNCT
cjfa-3240	126	2	board	board	NOUN
cjfa-3240	126	3	independence	independence	NOUN
cjfa-3240	126	4	”	"	PUNCT
cjfa-3240	126	5	and	and	CCONJ
cjfa-3240	126	6	compensation	compensation	NOUN
cjfa-3240	126	7	structure	structure	NOUN
cjfa-3240	126	8	of	of	ADP
cjfa-3240	126	9	directors	director	NOUN
cjfa-3240	126	10	133	133	NUM
cjfa-3240	126	11	ing	ing	ADJ
cjfa-3240	126	12	income	income	NOUN
cjfa-3240	126	13	to	to	ADP
cjfa-3240	126	14	net	net	ADJ
cjfa-3240	126	15	assets	asset	NOUN
cjfa-3240	126	16	;	;	PUNCT
cjfa-3240	126	17	and	and	CCONJ
cjfa-3240	126	18	,	,	PUNCT
cjfa-3240	126	19	b	b	X
cjfa-3240	126	20	)	)	PUNCT
cjfa-3240	126	21	the	the	DET
cjfa-3240	126	22	annual	annual	ADJ
cjfa-3240	126	23	stock	stock	NOUN
cjfa-3240	126	24	return	return	NOUN
cjfa-3240	126	25	(	(	PUNCT
cjfa-3240	126	26	stockret	stockret	NOUN
cjfa-3240	126	27	)	)	PUNCT
cjfa-3240	126	28	,	,	PUNCT
cjfa-3240	126	29	which	which	PRON
cjfa-3240	126	30	is	be	AUX
cjfa-3240	126	31	measured	measure	VERB
cjfa-3240	126	32	as	as	ADP
cjfa-3240	126	33	the	the	DET
cjfa-3240	126	34	sum	sum	NOUN
cjfa-3240	126	35	of	of	ADP
cjfa-3240	126	36	stock	stock	NOUN
cjfa-3240	126	37	price	price	NOUN
cjfa-3240	126	38	and	and	CCONJ
cjfa-3240	126	39	dividend	dividend	NOUN
cjfa-3240	126	40	per	per	ADP
cjfa-3240	126	41	share	share	NOUN
cjfa-3240	126	42	over	over	ADP
cjfa-3240	126	43	stock	stock	NOUN
cjfa-3240	126	44	price	price	NOUN
cjfa-3240	126	45	in	in	ADP
cjfa-3240	126	46	the	the	DET
cjfa-3240	126	47	year	year	NOUN
cjfa-3240	126	48	before	before	ADV
cjfa-3240	126	49	(	(	PUNCT
cjfa-3240	126	50	cordeiro	cordeiro	PROPN
cjfa-3240	126	51	et	et	PROPN
cjfa-3240	126	52	al	al	PROPN
cjfa-3240	126	53	.	.	PROPN
cjfa-3240	126	54	,	,	PUNCT
cjfa-3240	126	55	2000	2000	NUM
cjfa-3240	126	56	;	;	PUNCT
cjfa-3240	126	57	ryan	ryan	PROPN
cjfa-3240	126	58	,	,	PUNCT
cjfa-3240	126	59	wiggins	wiggins	PROPN
cjfa-3240	126	60	2004	2004	NUM
cjfa-3240	126	61	;	;	PUNCT
cjfa-3240	126	62	brick	brick	NOUN
cjfa-3240	126	63	,	,	PUNCT
cjfa-3240	126	64	palmon	palmon	NOUN
cjfa-3240	126	65	,	,	PUNCT
cjfa-3240	126	66	wald	wald	NOUN
cjfa-3240	126	67	2006	2006	NUM
cjfa-3240	126	68	;	;	PUNCT
cjfa-3240	126	69	duffhues	duffhue	NOUN
cjfa-3240	126	70	,	,	PUNCT
cjfa-3240	126	71	kabir	kabir	PROPN
cjfa-3240	126	72	2008	2008	NUM
cjfa-3240	126	73	;	;	PUNCT
cjfa-3240	126	74	andreas	andreas	PROPN
cjfa-3240	126	75	et	et	PROPN
cjfa-3240	126	76	al	al	PROPN
cjfa-3240	126	77	.	.	PROPN
cjfa-3240	126	78	,	,	PUNCT
cjfa-3240	126	79	2009	2009	NUM
cjfa-3240	126	80	)	)	PUNCT
cjfa-3240	126	81	.	.	PUNCT
cjfa-3240	127	1	table	table	NOUN
cjfa-3240	127	2	1	1	NUM
cjfa-3240	127	3	.	.	PUNCT
cjfa-3240	128	1	definition	definition	NOUN
cjfa-3240	128	2	and	and	CCONJ
cjfa-3240	128	3	typology	typology	NOUN
cjfa-3240	128	4	of	of	ADP
cjfa-3240	128	5	the	the	DET
cjfa-3240	128	6	variables	variable	NOUN
cjfa-3240	128	7	variables	variable	VERB
cjfa-3240	128	8	definition	definition	NOUN
cjfa-3240	128	9	typology	typology	NOUN
cjfa-3240	128	10	compensation	compensation	NOUN
cjfa-3240	128	11	variables	variable	NOUN
cjfa-3240	128	12	compen	compen	VERB
cjfa-3240	128	13	natural	natural	ADJ
cjfa-3240	128	14	log	log	NOUN
cjfa-3240	128	15	of	of	ADP
cjfa-3240	128	16	total	total	ADJ
cjfa-3240	128	17	compensation	compensation	NOUN
cjfa-3240	128	18	by	by	ADP
cjfa-3240	128	19	member	member	NOUN
cjfa-3240	128	20	of	of	ADP
cjfa-3240	128	21	the	the	DET
cjfa-3240	128	22	board	board	NOUN
cjfa-3240	128	23	of	of	ADP
cjfa-3240	128	24	directors	director	NOUN
cjfa-3240	128	25	numeric	numeric	ADP
cjfa-3240	128	26	fixrem	fixrem	ADJ
cjfa-3240	128	27	natural	natural	ADJ
cjfa-3240	128	28	log	log	NOUN
cjfa-3240	128	29	of	of	ADP
cjfa-3240	128	30	fixed	fix	VERB
cjfa-3240	128	31	compensation	compensation	NOUN
cjfa-3240	128	32	by	by	ADP
cjfa-3240	128	33	member	member	NOUN
cjfa-3240	128	34	of	of	ADP
cjfa-3240	128	35	the	the	DET
cjfa-3240	128	36	board	board	NOUN
cjfa-3240	128	37	of	of	ADP
cjfa-3240	128	38	directors	director	NOUN
cjfa-3240	128	39	numeric	numeric	ADP
cjfa-3240	128	40	varrem	varrem	VERB
cjfa-3240	128	41	natural	natural	ADJ
cjfa-3240	128	42	log	log	NOUN
cjfa-3240	128	43	of	of	ADP
cjfa-3240	128	44	variable	variable	ADJ
cjfa-3240	128	45	compensation	compensation	NOUN
cjfa-3240	128	46	by	by	ADP
cjfa-3240	128	47	member	member	NOUN
cjfa-3240	128	48	of	of	ADP
cjfa-3240	128	49	the	the	DET
cjfa-3240	128	50	board	board	NOUN
cjfa-3240	128	51	of	of	ADP
cjfa-3240	128	52	directors	director	NOUN
cjfa-3240	128	53	numeric	numeric	ADP
cjfa-3240	128	54	salfee	salfee	NOUN
cjfa-3240	128	55	natural	natural	ADJ
cjfa-3240	128	56	log	log	NOUN
cjfa-3240	128	57	of	of	ADP
cjfa-3240	128	58	salary	salary	NOUN
cjfa-3240	128	59	fees	fee	NOUN
cjfa-3240	128	60	by	by	ADP
cjfa-3240	128	61	member	member	NOUN
cjfa-3240	128	62	of	of	ADP
cjfa-3240	128	63	the	the	DET
cjfa-3240	128	64	board	board	NOUN
cjfa-3240	128	65	of	of	ADP
cjfa-3240	128	66	directors	director	NOUN
cjfa-3240	128	67	numeric	numeric	ADP
cjfa-3240	128	68	attfee	attfee	NOUN
cjfa-3240	128	69	natural	natural	ADJ
cjfa-3240	128	70	log	log	NOUN
cjfa-3240	128	71	of	of	ADP
cjfa-3240	128	72	attendance	attendance	NOUN
cjfa-3240	128	73	fees	fee	NOUN
cjfa-3240	128	74	by	by	ADP
cjfa-3240	128	75	member	member	NOUN
cjfa-3240	128	76	of	of	ADP
cjfa-3240	128	77	the	the	DET
cjfa-3240	128	78	board	board	NOUN
cjfa-3240	128	79	of	of	ADP
cjfa-3240	128	80	directors	director	NOUN
cjfa-3240	128	81	numeric	numeric	ADP
cjfa-3240	128	82	othper	othper	ADJ
cjfa-3240	128	83	natural	natural	ADJ
cjfa-3240	128	84	log	log	NOUN
cjfa-3240	128	85	of	of	ADP
cjfa-3240	128	86	other	other	ADJ
cjfa-3240	128	87	perquisites	perquisite	NOUN
cjfa-3240	128	88	by	by	ADP
cjfa-3240	128	89	member	member	NOUN
cjfa-3240	128	90	of	of	ADP
cjfa-3240	128	91	the	the	DET
cjfa-3240	128	92	board	board	NOUN
cjfa-3240	128	93	of	of	ADP
cjfa-3240	128	94	directors	director	NOUN
cjfa-3240	128	95	.	.	PUNCT
cjfa-3240	129	1	other	other	ADJ
cjfa-3240	129	2	perquisites	perquisite	NOUN
cjfa-3240	129	3	include	include	VERB
cjfa-3240	129	4	the	the	DET
cjfa-3240	129	5	delivery	delivery	NOUN
cjfa-3240	129	6	of	of	ADP
cjfa-3240	129	7	stock	stock	NOUN
cjfa-3240	129	8	and	and	CCONJ
cjfa-3240	129	9	stock	stock	NOUN
cjfa-3240	129	10	option	option	NOUN
cjfa-3240	129	11	,	,	PUNCT
cjfa-3240	129	12	advances	advance	NOUN
cjfa-3240	129	13	,	,	PUNCT
cjfa-3240	129	14	loans	loan	NOUN
cjfa-3240	129	15	,	,	PUNCT
cjfa-3240	129	16	funds	fund	NOUN
cjfa-3240	129	17	and	and	CCONJ
cjfa-3240	129	18	pension	pension	NOUN
cjfa-3240	129	19	plans	plan	NOUN
cjfa-3240	129	20	,	,	PUNCT
cjfa-3240	129	21	insurance	insurance	NOUN
cjfa-3240	129	22	premiums	premium	NOUN
cjfa-3240	129	23	and	and	CCONJ
cjfa-3240	129	24	guarantees	guarantee	NOUN
cjfa-3240	129	25	provided	provide	VERB
cjfa-3240	129	26	for	for	ADP
cjfa-3240	129	27	directors	director	NOUN
cjfa-3240	129	28	.	.	PUNCT
cjfa-3240	130	1	numeric	numeric	PROPN
cjfa-3240	130	2	board	board	PROPN
cjfa-3240	130	3	characteristics	characteristic	NOUN
cjfa-3240	130	4	owndir	owndir	NOUN
cjfa-3240	130	5	proportion	proportion	NOUN
cjfa-3240	130	6	of	of	ADP
cjfa-3240	130	7	shares	share	NOUN
cjfa-3240	130	8	owned	own	VERB
cjfa-3240	130	9	by	by	ADP
cjfa-3240	130	10	members	member	NOUN
cjfa-3240	130	11	of	of	ADP
cjfa-3240	130	12	the	the	DET
cjfa-3240	130	13	board	board	NOUN
cjfa-3240	130	14	of	of	ADP
cjfa-3240	130	15	directors	director	NOUN
cjfa-3240	130	16	numeric	numeric	ADP
cjfa-3240	130	17	ceodua	ceodua	PROPN
cjfa-3240	130	18	dummy	dummy	ADJ
cjfa-3240	130	19	variable	variable	NOUN
cjfa-3240	130	20	which	which	PRON
cjfa-3240	130	21	takes	take	VERB
cjfa-3240	130	22	value	value	NOUN
cjfa-3240	130	23	1	1	NUM
cjfa-3240	130	24	when	when	SCONJ
cjfa-3240	130	25	both	both	DET
cjfa-3240	130	26	roles	role	NOUN
cjfa-3240	130	27	are	be	AUX
cjfa-3240	130	28	held	hold	VERB
cjfa-3240	130	29	by	by	ADP
cjfa-3240	130	30	the	the	DET
cjfa-3240	130	31	same	same	ADJ
cjfa-3240	130	32	person	person	NOUN
cjfa-3240	130	33	,	,	PUNCT
cjfa-3240	130	34	and	and	CCONJ
cjfa-3240	130	35	0	0	NUM
cjfa-3240	130	36	,	,	PUNCT
cjfa-3240	130	37	when	when	SCONJ
cjfa-3240	130	38	they	they	PRON
cjfa-3240	130	39	are	be	AUX
cjfa-3240	130	40	not	not	PART
cjfa-3240	130	41	dichotomic	dichotomic	ADJ
cjfa-3240	130	42	outsid	outsid	ADJ
cjfa-3240	130	43	proportion	proportion	NOUN
cjfa-3240	130	44	of	of	ADP
cjfa-3240	130	45	outside	outside	ADJ
cjfa-3240	130	46	directors	director	NOUN
cjfa-3240	130	47	on	on	ADP
cjfa-3240	130	48	the	the	DET
cjfa-3240	130	49	board	board	NOUN
cjfa-3240	130	50	of	of	ADP
cjfa-3240	130	51	directors	director	NOUN
cjfa-3240	130	52	,	,	PUNCT
cjfa-3240	130	53	taken	take	VERB
cjfa-3240	130	54	as	as	ADP
cjfa-3240	130	55	outsiders	outsider	NOUN
cjfa-3240	130	56	the	the	DET
cjfa-3240	130	57	independent	independent	ADJ
cjfa-3240	130	58	directors	director	NOUN
cjfa-3240	130	59	.	.	PUNCT
cjfa-3240	131	1	numeric	numeric	ADP
cjfa-3240	131	2	brdsiz	brdsiz	ADJ
cjfa-3240	131	3	number	number	NOUN
cjfa-3240	131	4	of	of	ADP
cjfa-3240	131	5	members	member	NOUN
cjfa-3240	131	6	in	in	ADP
cjfa-3240	131	7	the	the	DET
cjfa-3240	131	8	board	board	NOUN
cjfa-3240	131	9	of	of	ADP
cjfa-3240	131	10	directors	director	NOUN
cjfa-3240	131	11	numeric	numeric	ADP
cjfa-3240	131	12	control	control	NOUN
cjfa-3240	131	13	variables	variable	NOUN
cjfa-3240	131	14	crpsize	crpsize	VERB
cjfa-3240	131	15	corporate	corporate	ADJ
cjfa-3240	131	16	size	size	NOUN
cjfa-3240	131	17	measured	measure	VERB
cjfa-3240	131	18	by	by	ADP
cjfa-3240	131	19	the	the	DET
cjfa-3240	131	20	logarithm	logarithm	NOUN
cjfa-3240	131	21	of	of	ADP
cjfa-3240	131	22	total	total	ADJ
cjfa-3240	131	23	assets	asset	NOUN
cjfa-3240	131	24	numeric	numeric	ADP
cjfa-3240	131	25	industry	industry	NOUN
cjfa-3240	131	26	1	1	NUM
cjfa-3240	131	27	.	.	PUNCT
cjfa-3240	132	1	oil	oil	NOUN
cjfa-3240	132	2	and	and	CCONJ
cjfa-3240	132	3	energy	energy	NOUN
cjfa-3240	132	4	2	2	NUM
cjfa-3240	132	5	.	.	PUNCT
cjfa-3240	132	6	basic	basic	ADJ
cjfa-3240	132	7	materials	material	NOUN
cjfa-3240	132	8	,	,	PUNCT
cjfa-3240	132	9	manufacturing	manufacturing	NOUN
cjfa-3240	132	10	and	and	CCONJ
cjfa-3240	132	11	construction	construction	NOUN
cjfa-3240	132	12	3	3	NUM
cjfa-3240	132	13	.	.	PUNCT
cjfa-3240	132	14	consumer	consumer	NOUN
cjfa-3240	132	15	goods	good	NOUN
cjfa-3240	132	16	4	4	NUM
cjfa-3240	132	17	.	.	PUNCT
cjfa-3240	132	18	consumer	consumer	NOUN
cjfa-3240	132	19	services	service	NOUN
cjfa-3240	132	20	5	5	NUM
cjfa-3240	132	21	.	.	PUNCT
cjfa-3240	132	22	technology	technology	NOUN
cjfa-3240	132	23	and	and	CCONJ
cjfa-3240	132	24	telecommunications	telecommunication	NOUN
cjfa-3240	132	25	.	.	PUNCT
cjfa-3240	133	1	dichotomic	dichotomic	ADJ
cjfa-3240	133	2	roa	roa	PROPN
cjfa-3240	133	3	return	return	NOUN
cjfa-3240	133	4	on	on	ADP
cjfa-3240	133	5	assets	asset	NOUN
cjfa-3240	133	6	,	,	PUNCT
cjfa-3240	133	7	ratio	ratio	NOUN
cjfa-3240	133	8	of	of	ADP
cjfa-3240	133	9	operating	operate	VERB
cjfa-3240	133	10	income	income	NOUN
cjfa-3240	133	11	to	to	ADP
cjfa-3240	133	12	net	net	ADJ
cjfa-3240	133	13	assets	asset	NOUN
cjfa-3240	133	14	numeric	numeric	ADP
cjfa-3240	133	15	stockret	stockret	VERB
cjfa-3240	133	16	stock	stock	NOUN
cjfa-3240	133	17	return	return	NOUN
cjfa-3240	133	18	measured	measure	VERB
cjfa-3240	133	19	as	as	ADP
cjfa-3240	133	20	the	the	DET
cjfa-3240	133	21	sum	sum	NOUN
cjfa-3240	133	22	of	of	ADP
cjfa-3240	133	23	stock	stock	NOUN
cjfa-3240	133	24	price	price	NOUN
cjfa-3240	133	25	and	and	CCONJ
cjfa-3240	133	26	dividend	dividend	NOUN
cjfa-3240	133	27	per	per	ADP
cjfa-3240	133	28	share	share	NOUN
cjfa-3240	133	29	over	over	ADP
cjfa-3240	133	30	stock	stock	NOUN
cjfa-3240	133	31	price	price	NOUN
cjfa-3240	133	32	in	in	ADP
cjfa-3240	133	33	the	the	DET
cjfa-3240	133	34	year	year	NOUN
cjfa-3240	133	35	before	before	ADP
cjfa-3240	133	36	numeric	numeric	PROPN
cjfa-3240	133	37	s	s	PART
cjfa-3240	133	38	o	o	NOUN
cjfa-3240	133	39	u	u	NOUN
cjfa-3240	133	40	r	r	NOUN
cjfa-3240	133	41	c	c	NOUN
cjfa-3240	133	42	e	e	NOUN
cjfa-3240	133	43	:	:	PUNCT
cjfa-3240	133	44	authors	author	NOUN
cjfa-3240	133	45	’	'	PUNCT
cjfa-3240	133	46	own	own	ADJ
cjfa-3240	133	47	.	.	PUNCT
cjfa-3240	134	1	elena	elena	PROPN
cjfa-3240	134	2	merino	merino	PROPN
cjfa-3240	134	3	,	,	PUNCT
cjfa-3240	134	4	montserrat	montserrat	PROPN
cjfa-3240	134	5	manzaneque	manzaneque	NOUN
cjfa-3240	134	6	,	,	PUNCT
cjfa-3240	134	7	alba	alba	PROPN
cjfa-3240	134	8	mª	mª	PROPN
cjfa-3240	134	9	priego134	priego134	PROPN
cjfa-3240	134	10	methodology	methodology	NOUN
cjfa-3240	134	11	we	we	PRON
cjfa-3240	134	12	construct	construct	VERB
cjfa-3240	134	13	a	a	DET
cjfa-3240	134	14	panel	panel	NOUN
cjfa-3240	134	15	data	datum	NOUN
cjfa-3240	134	16	of	of	ADP
cjfa-3240	134	17	456	456	NUM
cjfa-3240	134	18	data	datum	NOUN
cjfa-3240	134	19	(	(	PUNCT
cjfa-3240	134	20	76	76	NUM
cjfa-3240	134	21	companies	company	NOUN
cjfa-3240	134	22	x	x	NOUN
cjfa-3240	134	23	6	6	NUM
cjfa-3240	134	24	years	year	NOUN
cjfa-3240	134	25	)	)	PUNCT
cjfa-3240	134	26	,	,	PUNCT
cjfa-3240	134	27	following	follow	VERB
cjfa-3240	134	28	the	the	DET
cjfa-3240	134	29	methodology	methodology	NOUN
cjfa-3240	134	30	used	use	VERB
cjfa-3240	134	31	by	by	ADP
cjfa-3240	134	32	elsas	elsa	NOUN
cjfa-3240	134	33	and	and	CCONJ
cjfa-3240	134	34	florysiak	florysiak	PROPN
cjfa-3240	134	35	(	(	PUNCT
cjfa-3240	134	36	2008	2008	NUM
cjfa-3240	134	37	)	)	PUNCT
cjfa-3240	134	38	,	,	PUNCT
cjfa-3240	134	39	andreas	andreas	PROPN
cjfa-3240	134	40	et	et	PROPN
cjfa-3240	134	41	al	al	PROPN
cjfa-3240	134	42	.	.	PROPN
cjfa-3240	134	43	(	(	PUNCT
cjfa-3240	134	44	2009	2009	NUM
cjfa-3240	134	45	)	)	PUNCT
cjfa-3240	134	46	,	,	PUNCT
cjfa-3240	134	47	mayers	mayer	NOUN
cjfa-3240	134	48	and	and	CCONJ
cjfa-3240	134	49	smith	smith	PROPN
cjfa-3240	134	50	(	(	PUNCT
cjfa-3240	134	51	2010	2010	NUM
cjfa-3240	134	52	)	)	PUNCT
cjfa-3240	134	53	and	and	CCONJ
cjfa-3240	134	54	manzaneque	manzaneque	NOUN
cjfa-3240	134	55	et	et	PROPN
cjfa-3240	134	56	al	al	PROPN
cjfa-3240	134	57	.	.	PUNCT
cjfa-3240	134	58	(	(	PUNCT
cjfa-3240	134	59	2011	2011	NUM
cjfa-3240	134	60	)	)	PUNCT
cjfa-3240	134	61	.	.	PUNCT
cjfa-3240	135	1	in	in	ADP
cjfa-3240	135	2	order	order	NOUN
cjfa-3240	135	3	to	to	PART
cjfa-3240	135	4	test	test	VERB
cjfa-3240	135	5	our	our	PRON
cjfa-3240	135	6	hypotheses	hypothesis	NOUN
cjfa-3240	135	7	we	we	PRON
cjfa-3240	135	8	estimate	estimate	VERB
cjfa-3240	135	9	different	different	ADJ
cjfa-3240	135	10	variant	variant	NOUN
cjfa-3240	135	11	of	of	ADP
cjfa-3240	135	12	the	the	DET
cjfa-3240	135	13	following	follow	VERB
cjfa-3240	135	14	model	model	NOUN
cjfa-3240	135	15	(	(	PUNCT
cjfa-3240	135	16	manzaneque	manzaneque	NOUN
cjfa-3240	135	17	et	et	PROPN
cjfa-3240	135	18	al	al	PROPN
cjfa-3240	135	19	.	.	PROPN
cjfa-3240	135	20	,	,	PUNCT
cjfa-3240	135	21	2011	2011	NUM
cjfa-3240	135	22	;	;	PUNCT
cjfa-3240	135	23	merino	merino	NOUN
cjfa-3240	135	24	,	,	PUNCT
cjfa-3240	135	25	manzaneque	manzaneque	NOUN
cjfa-3240	135	26	,	,	PUNCT
cjfa-3240	135	27	banegas	banegas	NOUN
cjfa-3240	135	28	2012)7	2012)7	NUM
cjfa-3240	135	29	:	:	PUNCT
cjfa-3240	135	30	brdsiz	brdsiz	ADJ
cjfa-3240	135	31	number	number	NOUN
cjfa-3240	135	32	of	of	ADP
cjfa-3240	135	33	members	member	NOUN
cjfa-3240	135	34	in	in	ADP
cjfa-3240	135	35	the	the	DET
cjfa-3240	135	36	board	board	NOUN
cjfa-3240	135	37	of	of	ADP
cjfa-3240	135	38	directors	director	NOUN
cjfa-3240	135	39	numeric	numeric	ADP
cjfa-3240	135	40	control	control	NOUN
cjfa-3240	135	41	variables	variable	NOUN
cjfa-3240	135	42	crpsize	crpsize	VERB
cjfa-3240	135	43	corporate	corporate	ADJ
cjfa-3240	135	44	size	size	NOUN
cjfa-3240	135	45	measured	measure	VERB
cjfa-3240	135	46	by	by	ADP
cjfa-3240	135	47	the	the	DET
cjfa-3240	135	48	logarithm	logarithm	NOUN
cjfa-3240	135	49	of	of	ADP
cjfa-3240	135	50	total	total	ADJ
cjfa-3240	135	51	assets	asset	NOUN
cjfa-3240	135	52	numeric	numeric	ADP
cjfa-3240	135	53	industry	industry	NOUN
cjfa-3240	135	54	1	1	NUM
cjfa-3240	135	55	.	.	PUNCT
cjfa-3240	136	1	oil	oil	NOUN
cjfa-3240	136	2	and	and	CCONJ
cjfa-3240	136	3	energy	energy	NOUN
cjfa-3240	136	4	2	2	NUM
cjfa-3240	136	5	.	.	PUNCT
cjfa-3240	136	6	basic	basic	ADJ
cjfa-3240	136	7	materials	material	NOUN
cjfa-3240	136	8	,	,	PUNCT
cjfa-3240	136	9	manufacturing	manufacturing	NOUN
cjfa-3240	136	10	and	and	CCONJ
cjfa-3240	136	11	construction	construction	NOUN
cjfa-3240	136	12	3	3	NUM
cjfa-3240	136	13	.	.	PUNCT
cjfa-3240	136	14	consumer	consumer	NOUN
cjfa-3240	136	15	goods	good	NOUN
cjfa-3240	136	16	4	4	NUM
cjfa-3240	136	17	.	.	PUNCT
cjfa-3240	136	18	consumer	consumer	NOUN
cjfa-3240	136	19	services	service	NOUN
cjfa-3240	136	20	5	5	NUM
cjfa-3240	136	21	.	.	PUNCT
cjfa-3240	136	22	technology	technology	NOUN
cjfa-3240	136	23	and	and	CCONJ
cjfa-3240	136	24	telecommunications	telecommunication	NOUN
cjfa-3240	136	25	.	.	PUNCT
cjfa-3240	137	1	dichotomic	dichotomic	ADJ
cjfa-3240	137	2	roa	roa	PROPN
cjfa-3240	137	3	return	return	NOUN
cjfa-3240	137	4	on	on	ADP
cjfa-3240	137	5	assets	asset	NOUN
cjfa-3240	137	6	,	,	PUNCT
cjfa-3240	137	7	ratio	ratio	NOUN
cjfa-3240	137	8	of	of	ADP
cjfa-3240	137	9	operating	operate	VERB
cjfa-3240	137	10	income	income	NOUN
cjfa-3240	137	11	to	to	ADP
cjfa-3240	137	12	net	net	ADJ
cjfa-3240	137	13	assets	asset	NOUN
cjfa-3240	137	14	numeric	numeric	ADP
cjfa-3240	137	15	stockret	stockret	VERB
cjfa-3240	137	16	stock	stock	NOUN
cjfa-3240	137	17	return	return	NOUN
cjfa-3240	137	18	measured	measure	VERB
cjfa-3240	137	19	as	as	ADP
cjfa-3240	137	20	the	the	DET
cjfa-3240	137	21	sum	sum	NOUN
cjfa-3240	137	22	of	of	ADP
cjfa-3240	137	23	stock	stock	NOUN
cjfa-3240	137	24	price	price	NOUN
cjfa-3240	137	25	and	and	CCONJ
cjfa-3240	137	26	dividend	dividend	NOUN
cjfa-3240	137	27	per	per	ADP
cjfa-3240	137	28	share	share	NOUN
cjfa-3240	137	29	over	over	ADP
cjfa-3240	137	30	stock	stock	NOUN
cjfa-3240	137	31	price	price	NOUN
cjfa-3240	137	32	in	in	ADP
cjfa-3240	137	33	the	the	DET
cjfa-3240	137	34	year	year	NOUN
cjfa-3240	137	35	before	before	ADP
cjfa-3240	137	36	numeric	numeric	PROPN
cjfa-3240	137	37	source	source	NOUN
cjfa-3240	137	38	:	:	PUNCT
cjfa-3240	137	39	authors	author	NOUN
cjfa-3240	137	40	’	'	PUNCT
cjfa-3240	137	41	own	own	ADJ
cjfa-3240	137	42	.	.	PUNCT
cjfa-3240	138	1	methodology	methodology	NOUN
cjfa-3240	138	2	we	we	PRON
cjfa-3240	138	3	construct	construct	VERB
cjfa-3240	138	4	a	a	DET
cjfa-3240	138	5	panel	panel	NOUN
cjfa-3240	138	6	data	datum	NOUN
cjfa-3240	138	7	of	of	ADP
cjfa-3240	138	8	456	456	NUM
cjfa-3240	138	9	data	datum	NOUN
cjfa-3240	138	10	(	(	PUNCT
cjfa-3240	138	11	76	76	NUM
cjfa-3240	138	12	companies	company	NOUN
cjfa-3240	138	13	x	x	NOUN
cjfa-3240	138	14	6	6	NUM
cjfa-3240	138	15	years	year	NOUN
cjfa-3240	138	16	)	)	PUNCT
cjfa-3240	138	17	,	,	PUNCT
cjfa-3240	138	18	following	follow	VERB
cjfa-3240	138	19	the	the	DET
cjfa-3240	138	20	methodology	methodology	NOUN
cjfa-3240	138	21	used	use	VERB
cjfa-3240	138	22	by	by	ADP
cjfa-3240	138	23	elsas	elsa	NOUN
cjfa-3240	138	24	and	and	CCONJ
cjfa-3240	138	25	florysiak	florysiak	PROPN
cjfa-3240	138	26	(	(	PUNCT
cjfa-3240	138	27	2008	2008	NUM
cjfa-3240	138	28	)	)	PUNCT
cjfa-3240	138	29	,	,	PUNCT
cjfa-3240	138	30	andreas	andreas	PROPN
cjfa-3240	138	31	et	et	PROPN
cjfa-3240	138	32	al	al	PROPN
cjfa-3240	138	33	.	.	PROPN
cjfa-3240	139	1	(	(	PUNCT
cjfa-3240	139	2	2009	2009	NUM
cjfa-3240	139	3	)	)	PUNCT
cjfa-3240	139	4	,	,	PUNCT
cjfa-3240	139	5	mayers	mayer	NOUN
cjfa-3240	139	6	and	and	CCONJ
cjfa-3240	139	7	smith	smith	PROPN
cjfa-3240	139	8	(	(	PUNCT
cjfa-3240	139	9	2010	2010	NUM
cjfa-3240	139	10	)	)	PUNCT
cjfa-3240	139	11	and	and	CCONJ
cjfa-3240	139	12	manzaneque	manzaneque	NOUN
cjfa-3240	139	13	et	et	PROPN
cjfa-3240	139	14	al	al	PROPN
cjfa-3240	139	15	.	.	PUNCT
cjfa-3240	140	1	(	(	PUNCT
cjfa-3240	140	2	2011	2011	NUM
cjfa-3240	140	3	)	)	PUNCT
cjfa-3240	140	4	.	.	PUNCT
cjfa-3240	141	1	in	in	ADP
cjfa-3240	141	2	order	order	NOUN
cjfa-3240	141	3	to	to	PART
cjfa-3240	141	4	test	test	VERB
cjfa-3240	141	5	our	our	PRON
cjfa-3240	141	6	hypotheses	hypothesis	NOUN
cjfa-3240	141	7	we	we	PRON
cjfa-3240	141	8	estimate	estimate	VERB
cjfa-3240	141	9	different	different	ADJ
cjfa-3240	141	10	variant	variant	NOUN
cjfa-3240	141	11	of	of	ADP
cjfa-3240	141	12	the	the	DET
cjfa-3240	141	13	following	follow	VERB
cjfa-3240	141	14	model	model	NOUN
cjfa-3240	141	15	(	(	PUNCT
cjfa-3240	141	16	manzaneque	manzaneque	NOUN
cjfa-3240	141	17	et	et	PROPN
cjfa-3240	141	18	al	al	PROPN
cjfa-3240	141	19	.	.	PROPN
cjfa-3240	141	20	,	,	PUNCT
cjfa-3240	141	21	2011	2011	NUM
cjfa-3240	141	22	;	;	PUNCT
cjfa-3240	141	23	merino	merino	NOUN
cjfa-3240	141	24	,	,	PUNCT
cjfa-3240	141	25	manzaneque	manzaneque	NOUN
cjfa-3240	141	26	,	,	PUNCT
cjfa-3240	141	27	banegas	banegas	NOUN
cjfa-3240	141	28	2012)7	2012)7	NUM
cjfa-3240	141	29	:	:	PUNCT
cjfa-3240	141	30	it	it	PRON
cjfa-3240	141	31	m	m	VERB
cjfa-3240	141	32	it	it	PRON
cjfa-3240	142	1	k	k	INTJ
cjfa-3240	142	2	itit	itit	PROPN
cjfa-3240	142	3	cvxy	cvxy	VERB
cjfa-3240	142	4			ADP
cjfa-3240	142	5			NOUN
cjfa-3240	142	6			PART
cjfa-3240	142	7			NUM
cjfa-3240	142	8	4	4	NUM
cjfa-3240	142	9	1	1	NUM
cjfa-3240	142	10	4	4	NUM
cjfa-3240	142	11	1	1	NUM
cjfa-3240	143	1	[	[	X
cjfa-3240	143	2	1	1	NUM
cjfa-3240	143	3	]	]	PUNCT
cjfa-3240	143	4	where	where	SCONJ
cjfa-3240	143	5	ity	ity	PROPN
cjfa-3240	143	6	is	be	AUX
cjfa-3240	143	7	the	the	DET
cjfa-3240	143	8	endogenous	endogenous	ADJ
cjfa-3240	143	9	variable	variable	NOUN
cjfa-3240	143	10	,	,	PUNCT
cjfa-3240	143	11	measured	measure	VERB
cjfa-3240	143	12	as	as	ADP
cjfa-3240	143	13	logarithm	logarithm	NOUN
cjfa-3240	143	14	of	of	ADP
cjfa-3240	143	15	remuneration	remuneration	NOUN
cjfa-3240	143	16	by	by	ADP
cjfa-3240	143	17	director	director	NOUN
cjfa-3240	143	18	.	.	PUNCT
cjfa-3240	144	1	this	this	DET
cjfa-3240	144	2	variable	variable	NOUN
cjfa-3240	144	3	is	be	AUX
cjfa-3240	144	4	identified	identify	VERB
cjfa-3240	144	5	as	as	ADP
cjfa-3240	144	6	:	:	PUNCT
cjfa-3240	144	7	a	a	X
cjfa-3240	144	8	)	)	PUNCT
cjfa-3240	144	9	total	total	ADJ
cjfa-3240	144	10	compensation	compensation	NOUN
cjfa-3240	144	11	by	by	ADP
cjfa-3240	144	12	director	director	NOUN
cjfa-3240	144	13	(	(	PUNCT
cjfa-3240	144	14	compen	compen	PROPN
cjfa-3240	144	15	)	)	PUNCT
cjfa-3240	144	16	;	;	PUNCT
cjfa-3240	144	17	b	b	X
cjfa-3240	144	18	)	)	PUNCT
cjfa-3240	144	19	fixed	fix	VERB
cjfa-3240	144	20	compensation	compensation	NOUN
cjfa-3240	144	21	by	by	ADP
cjfa-3240	144	22	director	director	NOUN
cjfa-3240	144	23	(	(	PUNCT
cjfa-3240	144	24	fixrem	fixrem	ADJ
cjfa-3240	144	25	)	)	PUNCT
cjfa-3240	144	26	;	;	PUNCT
cjfa-3240	144	27	c	c	X
cjfa-3240	144	28	)	)	PUNCT
cjfa-3240	144	29	variable	variable	ADJ
cjfa-3240	144	30	compensation	compensation	NOUN
cjfa-3240	144	31	by	by	ADP
cjfa-3240	144	32	director	director	NOUN
cjfa-3240	144	33	(	(	PUNCT
cjfa-3240	144	34	varrem	varrem	NUM
cjfa-3240	144	35	)	)	PUNCT
cjfa-3240	144	36	;	;	PUNCT
cjfa-3240	144	37	d	d	X
cjfa-3240	144	38	)	)	PUNCT
cjfa-3240	144	39	salary	salary	NOUN
cjfa-3240	144	40	fees	fee	NOUN
cjfa-3240	144	41	by	by	ADP
cjfa-3240	144	42	director	director	NOUN
cjfa-3240	144	43	(	(	PUNCT
cjfa-3240	144	44	salfee	salfee	PROPN
cjfa-3240	144	45	)	)	PUNCT
cjfa-3240	144	46	;	;	PUNCT
cjfa-3240	144	47	e	e	X
cjfa-3240	144	48	)	)	PUNCT
cjfa-3240	144	49	attendance	attendance	NOUN
cjfa-3240	144	50	fees	fee	NOUN
cjfa-3240	144	51	by	by	ADP
cjfa-3240	144	52	director	director	NOUN
cjfa-3240	144	53	(	(	PUNCT
cjfa-3240	144	54	attfee	attfee	NOUN
cjfa-3240	144	55	)	)	PUNCT
cjfa-3240	144	56	;	;	PUNCT
cjfa-3240	144	57	and	and	CCONJ
cjfa-3240	144	58	,	,	PUNCT
cjfa-3240	144	59	f	f	X
cjfa-3240	144	60	)	)	PUNCT
cjfa-3240	144	61	other	other	ADJ
cjfa-3240	144	62	perquisites	perquisite	NOUN
cjfa-3240	144	63	by	by	ADP
cjfa-3240	144	64	director	director	NOUN
cjfa-3240	144	65	(	(	PUNCT
cjfa-3240	144	66	othper	othper	NOUN
cjfa-3240	144	67	)	)	PUNCT
cjfa-3240	144	68	.	.	PUNCT
cjfa-3240	145	1	the	the	DET
cjfa-3240	145	2			NUM
cjfa-3240	145	3			NOUN
cjfa-3240	145	4	4	4	NUM
cjfa-3240	145	5	1k	1k	NUM
cjfa-3240	145	6	itx	itx	NOUN
cjfa-3240	145	7	are	be	AUX
cjfa-3240	145	8	independent	independent	ADJ
cjfa-3240	145	9	variables	variable	NOUN
cjfa-3240	145	10	representative	representative	NOUN
cjfa-3240	145	11	of	of	ADP
cjfa-3240	145	12	board	board	NOUN
cjfa-3240	145	13	characteristics	characteristic	NOUN
cjfa-3240	145	14	,	,	PUNCT
cjfa-3240	145	15	where	where	SCONJ
cjfa-3240	145	16	k=	k=	PRON
cjfa-3240	145	17	board	board	PROPN
cjfa-3240	145	18	ownership	ownership	NOUN
cjfa-3240	145	19	(	(	PUNCT
cjfa-3240	145	20	owndirit	owndirit	NOUN
cjfa-3240	145	21	)	)	PUNCT
cjfa-3240	145	22	,	,	PUNCT
cjfa-3240	145	23	duality	duality	NOUN
cjfa-3240	145	24	of	of	ADP
cjfa-3240	145	25	the	the	DET
cjfa-3240	145	26	chairman	chairman	NOUN
cjfa-3240	145	27	of	of	ADP
cjfa-3240	145	28	the	the	DET
cjfa-3240	145	29	board	board	NOUN
cjfa-3240	145	30	and	and	CCONJ
cjfa-3240	145	31	the	the	DET
cjfa-3240	145	32	ceo	ceo	NOUN
cjfa-3240	145	33	(	(	PUNCT
cjfa-3240	145	34	ceoduait	ceoduait	PROPN
cjfa-3240	145	35	)	)	PUNCT
cjfa-3240	145	36	,	,	PUNCT
cjfa-3240	145	37	proportion	proportion	NOUN
cjfa-3240	145	38	of	of	ADP
cjfa-3240	145	39	external	external	ADJ
cjfa-3240	145	40	board	board	NOUN
cjfa-3240	145	41	members	member	NOUN
cjfa-3240	145	42	(	(	PUNCT
cjfa-3240	145	43	outsidit	outsidit	PROPN
cjfa-3240	145	44	)	)	PUNCT
cjfa-3240	145	45	,	,	PUNCT
cjfa-3240	145	46	board	board	NOUN
cjfa-3240	145	47	size	size	NOUN
cjfa-3240	145	48	(	(	PUNCT
cjfa-3240	145	49	brdsizit	brdsizit	NOUN
cjfa-3240	145	50	)	)	PUNCT
cjfa-3240	145	51	;	;	PUNCT
cjfa-3240	145	52			X
cjfa-3240	145	53			NOUN
cjfa-3240	145	54	4	4	NUM
cjfa-3240	145	55	1	1	NUM
cjfa-3240	145	56	m	m	NOUN
cjfa-3240	145	57	itcv	itcv	NOUN
cjfa-3240	145	58	are	be	AUX
cjfa-3240	145	59	control	control	NOUN
cjfa-3240	145	60	variables	variable	NOUN
cjfa-3240	145	61	,	,	PUNCT
cjfa-3240	145	62	where	where	SCONJ
cjfa-3240	145	63	m=	m=	PRON
cjfa-3240	145	64	corporate	corporate	ADJ
cjfa-3240	145	65	size	size	NOUN
cjfa-3240	145	66	(	(	PUNCT
cjfa-3240	145	67	crpsizeit	crpsizeit	NOUN
cjfa-3240	145	68	)	)	PUNCT
cjfa-3240	145	69	,	,	PUNCT
cjfa-3240	145	70	industry	industry	NOUN
cjfa-3240	145	71	dummies	dummy	NOUN
cjfa-3240	145	72	(	(	PUNCT
cjfa-3240	145	73	industryit	industryit	NOUN
cjfa-3240	145	74	)	)	PUNCT
cjfa-3240	145	75	,	,	PUNCT
cjfa-3240	145	76	return	return	VERB
cjfa-3240	145	77	on	on	ADP
cjfa-3240	145	78	assets	asset	NOUN
cjfa-3240	145	79	(	(	PUNCT
cjfa-3240	145	80	roait	roait	NOUN
cjfa-3240	145	81	)	)	PUNCT
cjfa-3240	145	82	and	and	CCONJ
cjfa-3240	145	83	stock	stock	NOUN
cjfa-3240	145	84	return	return	NOUN
cjfa-3240	145	85	(	(	PUNCT
cjfa-3240	145	86	stockretit	stockretit	NOUN
cjfa-3240	145	87	)	)	PUNCT
cjfa-3240	145	88	;	;	PUNCT
cjfa-3240	145	89	and	and	CCONJ
cjfa-3240	145	90	εit	εit	NOUN
cjfa-3240	145	91	is	be	AUX
cjfa-3240	145	92	the	the	DET
cjfa-3240	145	93	idiosyncratic	idiosyncratic	ADJ
cjfa-3240	145	94	error	error	NOUN
cjfa-3240	145	95	.	.	PUNCT
cjfa-3240	146	1	since	since	SCONJ
cjfa-3240	146	2	the	the	DET
cjfa-3240	146	3	influence	influence	NOUN
cjfa-3240	146	4	of	of	ADP
cjfa-3240	146	5	the	the	DET
cjfa-3240	146	6	firm	firm	NOUN
cjfa-3240	146	7	’s	’s	PART
cjfa-3240	146	8	characteristics	characteristic	NOUN
cjfa-3240	146	9	on	on	ADP
cjfa-3240	146	10	the	the	DET
cjfa-3240	146	11	model	model	NOUN
cjfa-3240	146	12	is	be	AUX
cjfa-3240	146	13	difficult	difficult	ADJ
cjfa-3240	146	14	to	to	PART
cjfa-3240	146	15	measure	measure	VERB
cjfa-3240	146	16	(	(	PUNCT
cjfa-3240	146	17	himmelberg	himmelberg	INTJ
cjfa-3240	146	18	et	et	PROPN
cjfa-3240	146	19	al	al	PROPN
cjfa-3240	146	20	.	.	PROPN
cjfa-3240	146	21	,	,	PUNCT
cjfa-3240	146	22	1999	1999	NUM
cjfa-3240	146	23	)	)	PUNCT
cjfa-3240	146	24	,	,	PUNCT
cjfa-3240	146	25	we	we	PRON
cjfa-3240	146	26	control	control	VERB
cjfa-3240	146	27	for	for	ADP
cjfa-3240	146	28	unobservable	unobservable	ADJ
cjfa-3240	146	29	heterogeneity	heterogeneity	NOUN
cjfa-3240	146	30	through	through	ADP
cjfa-3240	146	31	an	an	DET
cjfa-3240	146	32	individual	individual	ADJ
cjfa-3240	146	33	effect	effect	NOUN
cjfa-3240	146	34	,	,	PUNCT
cjfa-3240	146	35	ŋi	ŋi	X
cjfa-3240	146	36	(	(	PUNCT
cjfa-3240	146	37	de	de	X
cjfa-3240	146	38	miguel	miguel	PROPN
cjfa-3240	146	39	et	et	PROPN
cjfa-3240	146	40	al	al	PROPN
cjfa-3240	146	41	.	.	PROPN
cjfa-3240	146	42	2004	2004	NUM
cjfa-3240	146	43	)	)	PUNCT
cjfa-3240	146	44	.	.	PUNCT
cjfa-3240	147	1	also	also	ADV
cjfa-3240	147	2	we	we	PRON
cjfa-3240	147	3	control	control	VERB
cjfa-3240	147	4	the	the	DET
cjfa-3240	147	5	effect	effect	NOUN
cjfa-3240	147	6	of	of	ADP
cjfa-3240	147	7	the	the	DET
cjfa-3240	147	8	year	year	NOUN
cjfa-3240	147	9	including	include	VERB
cjfa-3240	147	10	a	a	DET
cjfa-3240	147	11	temporal	temporal	ADJ
cjfa-3240	147	12	effect	effect	NOUN
cjfa-3240	147	13	,	,	PUNCT
cjfa-3240	147	14	7	7	NUM
cjfa-3240	147	15	we	we	PRON
cjfa-3240	147	16	assumed	assume	VERB
cjfa-3240	147	17	parameter	parameter	NOUN
cjfa-3240	147	18	homogeneity	homogeneity	NOUN
cjfa-3240	147	19	,	,	PUNCT
cjfa-3240	147	20	which	which	PRON
cjfa-3240	147	21	means	mean	VERB
cjfa-3240	147	22	that	that	SCONJ
cjfa-3240	147	23	αit=	αit=	PROPN
cjfa-3240	147	24	α	α	NOUN
cjfa-3240	147	25	for	for	ADP
cjfa-3240	147	26	all	all	DET
cjfa-3240	147	27	i	i	PROPN
cjfa-3240	147	28	,	,	PUNCT
cjfa-3240	147	29	t	t	PROPN
cjfa-3240	147	30	and	and	CCONJ
cjfa-3240	147	31	βit	βit	NOUN
cjfa-3240	147	32	=	=	PUNCT
cjfa-3240	148	1	β	β	NOUN
cjfa-3240	148	2	for	for	ADP
cjfa-3240	148	3	all	all	DET
cjfa-3240	148	4	i	i	PROPN
cjfa-3240	148	5	,	,	PUNCT
cjfa-3240	148	6	t.	t.	PROPN
cjfa-3240	149	1	[	[	X
cjfa-3240	149	2	1	1	NUM
cjfa-3240	149	3	]	]	PUNCT
cjfa-3240	149	4	where	where	SCONJ
cjfa-3240	149	5	is	be	AUX
cjfa-3240	149	6	the	the	DET
cjfa-3240	149	7	endogenous	endogenous	ADJ
cjfa-3240	149	8	variable	variable	NOUN
cjfa-3240	149	9	,	,	PUNCT
cjfa-3240	149	10	measured	measure	VERB
cjfa-3240	149	11	as	as	ADP
cjfa-3240	149	12	logarithm	logarithm	NOUN
cjfa-3240	149	13	of	of	ADP
cjfa-3240	149	14	remuneration	remuneration	NOUN
cjfa-3240	149	15	by	by	ADP
cjfa-3240	149	16	director	director	NOUN
cjfa-3240	149	17	.	.	PUNCT
cjfa-3240	150	1	this	this	DET
cjfa-3240	150	2	variable	variable	NOUN
cjfa-3240	150	3	is	be	AUX
cjfa-3240	150	4	identified	identify	VERB
cjfa-3240	150	5	as	as	ADP
cjfa-3240	150	6	:	:	PUNCT
cjfa-3240	150	7	a	a	X
cjfa-3240	150	8	)	)	PUNCT
cjfa-3240	150	9	total	total	ADJ
cjfa-3240	150	10	compensation	compensation	NOUN
cjfa-3240	150	11	by	by	ADP
cjfa-3240	150	12	director	director	NOUN
cjfa-3240	150	13	(	(	PUNCT
cjfa-3240	150	14	compen	compen	PROPN
cjfa-3240	150	15	)	)	PUNCT
cjfa-3240	150	16	;	;	PUNCT
cjfa-3240	150	17	b	b	X
cjfa-3240	150	18	)	)	PUNCT
cjfa-3240	150	19	fixed	fix	VERB
cjfa-3240	150	20	compensation	compensation	NOUN
cjfa-3240	150	21	by	by	ADP
cjfa-3240	150	22	director	director	NOUN
cjfa-3240	150	23	(	(	PUNCT
cjfa-3240	150	24	fixrem	fixrem	ADJ
cjfa-3240	150	25	)	)	PUNCT
cjfa-3240	150	26	;	;	PUNCT
cjfa-3240	150	27	c	c	X
cjfa-3240	150	28	)	)	PUNCT
cjfa-3240	150	29	variable	variable	ADJ
cjfa-3240	150	30	compensation	compensation	NOUN
cjfa-3240	150	31	by	by	ADP
cjfa-3240	150	32	director	director	NOUN
cjfa-3240	150	33	(	(	PUNCT
cjfa-3240	150	34	varrem	varrem	NUM
cjfa-3240	150	35	)	)	PUNCT
cjfa-3240	150	36	;	;	PUNCT
cjfa-3240	150	37	d	d	X
cjfa-3240	150	38	)	)	PUNCT
cjfa-3240	150	39	salary	salary	NOUN
cjfa-3240	150	40	fees	fee	NOUN
cjfa-3240	150	41	by	by	ADP
cjfa-3240	150	42	director	director	NOUN
cjfa-3240	150	43	(	(	PUNCT
cjfa-3240	150	44	salfee	salfee	PROPN
cjfa-3240	150	45	)	)	PUNCT
cjfa-3240	150	46	;	;	PUNCT
cjfa-3240	150	47	e	e	X
cjfa-3240	150	48	)	)	PUNCT
cjfa-3240	150	49	attendance	attendance	NOUN
cjfa-3240	150	50	fees	fee	NOUN
cjfa-3240	150	51	by	by	ADP
cjfa-3240	150	52	director	director	NOUN
cjfa-3240	150	53	(	(	PUNCT
cjfa-3240	150	54	attfee	attfee	NOUN
cjfa-3240	150	55	)	)	PUNCT
cjfa-3240	150	56	;	;	PUNCT
cjfa-3240	150	57	and	and	CCONJ
cjfa-3240	150	58	,	,	PUNCT
cjfa-3240	150	59	f	f	X
cjfa-3240	150	60	)	)	PUNCT
cjfa-3240	150	61	other	other	ADJ
cjfa-3240	150	62	perquisites	perquisite	NOUN
cjfa-3240	150	63	by	by	ADP
cjfa-3240	150	64	director	director	NOUN
cjfa-3240	150	65	(	(	PUNCT
cjfa-3240	150	66	othper	othper	NOUN
cjfa-3240	150	67	)	)	PUNCT
cjfa-3240	150	68	.	.	PUNCT
cjfa-3240	151	1	the	the	DET
cjfa-3240	151	2	brdsiz	brdsiz	ADJ
cjfa-3240	151	3	number	number	NOUN
cjfa-3240	151	4	of	of	ADP
cjfa-3240	151	5	members	member	NOUN
cjfa-3240	151	6	in	in	ADP
cjfa-3240	151	7	the	the	DET
cjfa-3240	151	8	board	board	NOUN
cjfa-3240	151	9	of	of	ADP
cjfa-3240	151	10	directors	director	NOUN
cjfa-3240	151	11	numeric	numeric	ADP
cjfa-3240	151	12	control	control	NOUN
cjfa-3240	151	13	variables	variable	NOUN
cjfa-3240	151	14	crpsize	crpsize	VERB
cjfa-3240	151	15	corporate	corporate	ADJ
cjfa-3240	151	16	size	size	NOUN
cjfa-3240	151	17	measured	measure	VERB
cjfa-3240	151	18	by	by	ADP
cjfa-3240	151	19	the	the	DET
cjfa-3240	151	20	logarithm	logarithm	NOUN
cjfa-3240	151	21	of	of	ADP
cjfa-3240	151	22	total	total	ADJ
cjfa-3240	151	23	assets	asset	NOUN
cjfa-3240	151	24	numeric	numeric	ADP
cjfa-3240	151	25	industry	industry	NOUN
cjfa-3240	151	26	1	1	NUM
cjfa-3240	151	27	.	.	PUNCT
cjfa-3240	152	1	oil	oil	NOUN
cjfa-3240	152	2	and	and	CCONJ
cjfa-3240	152	3	energy	energy	NOUN
cjfa-3240	152	4	2	2	NUM
cjfa-3240	152	5	.	.	PUNCT
cjfa-3240	152	6	basic	basic	ADJ
cjfa-3240	152	7	materials	material	NOUN
cjfa-3240	152	8	,	,	PUNCT
cjfa-3240	152	9	manufacturing	manufacturing	NOUN
cjfa-3240	152	10	and	and	CCONJ
cjfa-3240	152	11	construction	construction	NOUN
cjfa-3240	152	12	3	3	NUM
cjfa-3240	152	13	.	.	PUNCT
cjfa-3240	152	14	consumer	consumer	NOUN
cjfa-3240	152	15	goods	good	NOUN
cjfa-3240	152	16	4	4	NUM
cjfa-3240	152	17	.	.	PUNCT
cjfa-3240	152	18	consumer	consumer	NOUN
cjfa-3240	152	19	services	service	NOUN
cjfa-3240	152	20	5	5	NUM
cjfa-3240	152	21	.	.	PUNCT
cjfa-3240	152	22	technology	technology	NOUN
cjfa-3240	152	23	and	and	CCONJ
cjfa-3240	152	24	telecommunications	telecommunication	NOUN
cjfa-3240	152	25	.	.	PUNCT
cjfa-3240	153	1	dichotomic	dichotomic	ADJ
cjfa-3240	153	2	roa	roa	PROPN
cjfa-3240	153	3	return	return	NOUN
cjfa-3240	153	4	on	on	ADP
cjfa-3240	153	5	assets	asset	NOUN
cjfa-3240	153	6	,	,	PUNCT
cjfa-3240	153	7	ratio	ratio	NOUN
cjfa-3240	153	8	of	of	ADP
cjfa-3240	153	9	operating	operate	VERB
cjfa-3240	153	10	income	income	NOUN
cjfa-3240	153	11	to	to	ADP
cjfa-3240	153	12	net	net	ADJ
cjfa-3240	153	13	assets	asset	NOUN
cjfa-3240	153	14	numeric	numeric	ADP
cjfa-3240	153	15	stockret	stockret	VERB
cjfa-3240	153	16	stock	stock	NOUN
cjfa-3240	153	17	return	return	NOUN
cjfa-3240	153	18	measured	measure	VERB
cjfa-3240	153	19	as	as	ADP
cjfa-3240	153	20	the	the	DET
cjfa-3240	153	21	sum	sum	NOUN
cjfa-3240	153	22	of	of	ADP
cjfa-3240	153	23	stock	stock	NOUN
cjfa-3240	153	24	price	price	NOUN
cjfa-3240	153	25	and	and	CCONJ
cjfa-3240	153	26	dividend	dividend	NOUN
cjfa-3240	153	27	per	per	ADP
cjfa-3240	153	28	share	share	NOUN
cjfa-3240	153	29	over	over	ADP
cjfa-3240	153	30	stock	stock	NOUN
cjfa-3240	153	31	price	price	NOUN
cjfa-3240	153	32	in	in	ADP
cjfa-3240	153	33	the	the	DET
cjfa-3240	153	34	year	year	NOUN
cjfa-3240	153	35	before	before	ADP
cjfa-3240	153	36	numeric	numeric	PROPN
cjfa-3240	153	37	source	source	NOUN
cjfa-3240	153	38	:	:	PUNCT
cjfa-3240	153	39	authors	author	NOUN
cjfa-3240	153	40	’	'	PUNCT
cjfa-3240	153	41	own	own	ADJ
cjfa-3240	153	42	.	.	PUNCT
cjfa-3240	154	1	methodology	methodology	NOUN
cjfa-3240	154	2	we	we	PRON
cjfa-3240	154	3	construct	construct	VERB
cjfa-3240	154	4	a	a	DET
cjfa-3240	154	5	panel	panel	NOUN
cjfa-3240	154	6	data	datum	NOUN
cjfa-3240	154	7	of	of	ADP
cjfa-3240	154	8	456	456	NUM
cjfa-3240	154	9	data	datum	NOUN
cjfa-3240	154	10	(	(	PUNCT
cjfa-3240	154	11	76	76	NUM
cjfa-3240	154	12	companies	company	NOUN
cjfa-3240	154	13	x	x	NOUN
cjfa-3240	154	14	6	6	NUM
cjfa-3240	154	15	years	year	NOUN
cjfa-3240	154	16	)	)	PUNCT
cjfa-3240	154	17	,	,	PUNCT
cjfa-3240	154	18	following	follow	VERB
cjfa-3240	154	19	the	the	DET
cjfa-3240	154	20	methodology	methodology	NOUN
cjfa-3240	154	21	used	use	VERB
cjfa-3240	154	22	by	by	ADP
cjfa-3240	154	23	elsas	elsa	NOUN
cjfa-3240	154	24	and	and	CCONJ
cjfa-3240	154	25	florysiak	florysiak	PROPN
cjfa-3240	154	26	(	(	PUNCT
cjfa-3240	154	27	2008	2008	NUM
cjfa-3240	154	28	)	)	PUNCT
cjfa-3240	154	29	,	,	PUNCT
cjfa-3240	154	30	andreas	andreas	PROPN
cjfa-3240	154	31	et	et	PROPN
cjfa-3240	154	32	al	al	PROPN
cjfa-3240	154	33	.	.	PROPN
cjfa-3240	155	1	(	(	PUNCT
cjfa-3240	155	2	2009	2009	NUM
cjfa-3240	155	3	)	)	PUNCT
cjfa-3240	155	4	,	,	PUNCT
cjfa-3240	155	5	mayers	mayer	NOUN
cjfa-3240	155	6	and	and	CCONJ
cjfa-3240	155	7	smith	smith	PROPN
cjfa-3240	155	8	(	(	PUNCT
cjfa-3240	155	9	2010	2010	NUM
cjfa-3240	155	10	)	)	PUNCT
cjfa-3240	155	11	and	and	CCONJ
cjfa-3240	155	12	manzaneque	manzaneque	NOUN
cjfa-3240	155	13	et	et	PROPN
cjfa-3240	155	14	al	al	PROPN
cjfa-3240	155	15	.	.	PUNCT
cjfa-3240	156	1	(	(	PUNCT
cjfa-3240	156	2	2011	2011	NUM
cjfa-3240	156	3	)	)	PUNCT
cjfa-3240	156	4	.	.	PUNCT
cjfa-3240	157	1	in	in	ADP
cjfa-3240	157	2	order	order	NOUN
cjfa-3240	157	3	to	to	PART
cjfa-3240	157	4	test	test	VERB
cjfa-3240	157	5	our	our	PRON
cjfa-3240	157	6	hypotheses	hypothesis	NOUN
cjfa-3240	157	7	we	we	PRON
cjfa-3240	157	8	estimate	estimate	VERB
cjfa-3240	157	9	different	different	ADJ
cjfa-3240	157	10	variant	variant	NOUN
cjfa-3240	157	11	of	of	ADP
cjfa-3240	157	12	the	the	DET
cjfa-3240	157	13	following	follow	VERB
cjfa-3240	157	14	model	model	NOUN
cjfa-3240	157	15	(	(	PUNCT
cjfa-3240	157	16	manzaneque	manzaneque	NOUN
cjfa-3240	157	17	et	et	PROPN
cjfa-3240	157	18	al	al	PROPN
cjfa-3240	157	19	.	.	PROPN
cjfa-3240	157	20	,	,	PUNCT
cjfa-3240	157	21	2011	2011	NUM
cjfa-3240	157	22	;	;	PUNCT
cjfa-3240	157	23	merino	merino	NOUN
cjfa-3240	157	24	,	,	PUNCT
cjfa-3240	157	25	manzaneque	manzaneque	NOUN
cjfa-3240	157	26	,	,	PUNCT
cjfa-3240	157	27	banegas	banegas	NOUN
cjfa-3240	157	28	2012)7	2012)7	NUM
cjfa-3240	157	29	:	:	PUNCT
cjfa-3240	157	30	it	it	PRON
cjfa-3240	157	31	m	m	VERB
cjfa-3240	157	32	it	it	PRON
cjfa-3240	158	1	k	k	INTJ
cjfa-3240	158	2	itit	itit	PROPN
cjfa-3240	158	3	cvxy	cvxy	VERB
cjfa-3240	158	4			ADP
cjfa-3240	158	5			NOUN
cjfa-3240	158	6			PART
cjfa-3240	158	7			NUM
cjfa-3240	158	8	4	4	NUM
cjfa-3240	158	9	1	1	NUM
cjfa-3240	158	10	4	4	NUM
cjfa-3240	158	11	1	1	NUM
cjfa-3240	159	1	[	[	X
cjfa-3240	159	2	1	1	NUM
cjfa-3240	159	3	]	]	PUNCT
cjfa-3240	159	4	where	where	SCONJ
cjfa-3240	159	5	ity	ity	PROPN
cjfa-3240	159	6	is	be	AUX
cjfa-3240	159	7	the	the	DET
cjfa-3240	159	8	endogenous	endogenous	ADJ
cjfa-3240	159	9	variable	variable	NOUN
cjfa-3240	159	10	,	,	PUNCT
cjfa-3240	159	11	measured	measure	VERB
cjfa-3240	159	12	as	as	ADP
cjfa-3240	159	13	logarithm	logarithm	NOUN
cjfa-3240	159	14	of	of	ADP
cjfa-3240	159	15	remuneration	remuneration	NOUN
cjfa-3240	159	16	by	by	ADP
cjfa-3240	159	17	director	director	NOUN
cjfa-3240	159	18	.	.	PUNCT
cjfa-3240	160	1	this	this	DET
cjfa-3240	160	2	variable	variable	NOUN
cjfa-3240	160	3	is	be	AUX
cjfa-3240	160	4	identified	identify	VERB
cjfa-3240	160	5	as	as	ADP
cjfa-3240	160	6	:	:	PUNCT
cjfa-3240	160	7	a	a	X
cjfa-3240	160	8	)	)	PUNCT
cjfa-3240	160	9	total	total	ADJ
cjfa-3240	160	10	compensation	compensation	NOUN
cjfa-3240	160	11	by	by	ADP
cjfa-3240	160	12	director	director	NOUN
cjfa-3240	160	13	(	(	PUNCT
cjfa-3240	160	14	compen	compen	PROPN
cjfa-3240	160	15	)	)	PUNCT
cjfa-3240	160	16	;	;	PUNCT
cjfa-3240	160	17	b	b	X
cjfa-3240	160	18	)	)	PUNCT
cjfa-3240	160	19	fixed	fix	VERB
cjfa-3240	160	20	compensation	compensation	NOUN
cjfa-3240	160	21	by	by	ADP
cjfa-3240	160	22	director	director	NOUN
cjfa-3240	160	23	(	(	PUNCT
cjfa-3240	160	24	fixrem	fixrem	ADJ
cjfa-3240	160	25	)	)	PUNCT
cjfa-3240	160	26	;	;	PUNCT
cjfa-3240	160	27	c	c	X
cjfa-3240	160	28	)	)	PUNCT
cjfa-3240	160	29	variable	variable	ADJ
cjfa-3240	160	30	compensation	compensation	NOUN
cjfa-3240	160	31	by	by	ADP
cjfa-3240	160	32	director	director	NOUN
cjfa-3240	160	33	(	(	PUNCT
cjfa-3240	160	34	varrem	varrem	NUM
cjfa-3240	160	35	)	)	PUNCT
cjfa-3240	160	36	;	;	PUNCT
cjfa-3240	160	37	d	d	X
cjfa-3240	160	38	)	)	PUNCT
cjfa-3240	160	39	salary	salary	NOUN
cjfa-3240	160	40	fees	fee	NOUN
cjfa-3240	160	41	by	by	ADP
cjfa-3240	160	42	director	director	NOUN
cjfa-3240	160	43	(	(	PUNCT
cjfa-3240	160	44	salfee	salfee	PROPN
cjfa-3240	160	45	)	)	PUNCT
cjfa-3240	160	46	;	;	PUNCT
cjfa-3240	160	47	e	e	X
cjfa-3240	160	48	)	)	PUNCT
cjfa-3240	160	49	attendance	attendance	NOUN
cjfa-3240	160	50	fees	fee	NOUN
cjfa-3240	160	51	by	by	ADP
cjfa-3240	160	52	director	director	NOUN
cjfa-3240	160	53	(	(	PUNCT
cjfa-3240	160	54	attfee	attfee	NOUN
cjfa-3240	160	55	)	)	PUNCT
cjfa-3240	160	56	;	;	PUNCT
cjfa-3240	160	57	and	and	CCONJ
cjfa-3240	160	58	,	,	PUNCT
cjfa-3240	160	59	f	f	X
cjfa-3240	160	60	)	)	PUNCT
cjfa-3240	160	61	other	other	ADJ
cjfa-3240	160	62	perquisites	perquisite	NOUN
cjfa-3240	160	63	by	by	ADP
cjfa-3240	160	64	director	director	NOUN
cjfa-3240	160	65	(	(	PUNCT
cjfa-3240	160	66	othper	othper	NOUN
cjfa-3240	160	67	)	)	PUNCT
cjfa-3240	160	68	.	.	PUNCT
cjfa-3240	161	1	the	the	DET
cjfa-3240	161	2			NUM
cjfa-3240	161	3			NOUN
cjfa-3240	161	4	4	4	NUM
cjfa-3240	161	5	1k	1k	NUM
cjfa-3240	161	6	itx	itx	NOUN
cjfa-3240	161	7	are	be	AUX
cjfa-3240	161	8	independent	independent	ADJ
cjfa-3240	161	9	variables	variable	NOUN
cjfa-3240	161	10	representative	representative	NOUN
cjfa-3240	161	11	of	of	ADP
cjfa-3240	161	12	board	board	NOUN
cjfa-3240	161	13	characteristics	characteristic	NOUN
cjfa-3240	161	14	,	,	PUNCT
cjfa-3240	161	15	where	where	SCONJ
cjfa-3240	161	16	k=	k=	PRON
cjfa-3240	161	17	board	board	PROPN
cjfa-3240	161	18	ownership	ownership	NOUN
cjfa-3240	161	19	(	(	PUNCT
cjfa-3240	161	20	owndirit	owndirit	NOUN
cjfa-3240	161	21	)	)	PUNCT
cjfa-3240	161	22	,	,	PUNCT
cjfa-3240	161	23	duality	duality	NOUN
cjfa-3240	161	24	of	of	ADP
cjfa-3240	161	25	the	the	DET
cjfa-3240	161	26	chairman	chairman	NOUN
cjfa-3240	161	27	of	of	ADP
cjfa-3240	161	28	the	the	DET
cjfa-3240	161	29	board	board	NOUN
cjfa-3240	161	30	and	and	CCONJ
cjfa-3240	161	31	the	the	DET
cjfa-3240	161	32	ceo	ceo	NOUN
cjfa-3240	161	33	(	(	PUNCT
cjfa-3240	161	34	ceoduait	ceoduait	PROPN
cjfa-3240	161	35	)	)	PUNCT
cjfa-3240	161	36	,	,	PUNCT
cjfa-3240	161	37	proportion	proportion	NOUN
cjfa-3240	161	38	of	of	ADP
cjfa-3240	161	39	external	external	ADJ
cjfa-3240	161	40	board	board	NOUN
cjfa-3240	161	41	members	member	NOUN
cjfa-3240	161	42	(	(	PUNCT
cjfa-3240	161	43	outsidit	outsidit	PROPN
cjfa-3240	161	44	)	)	PUNCT
cjfa-3240	161	45	,	,	PUNCT
cjfa-3240	161	46	board	board	NOUN
cjfa-3240	161	47	size	size	NOUN
cjfa-3240	161	48	(	(	PUNCT
cjfa-3240	161	49	brdsizit	brdsizit	NOUN
cjfa-3240	161	50	)	)	PUNCT
cjfa-3240	161	51	;	;	PUNCT
cjfa-3240	161	52			X
cjfa-3240	161	53			NOUN
cjfa-3240	161	54	4	4	NUM
cjfa-3240	161	55	1	1	NUM
cjfa-3240	161	56	m	m	NOUN
cjfa-3240	161	57	itcv	itcv	NOUN
cjfa-3240	161	58	are	be	AUX
cjfa-3240	161	59	control	control	NOUN
cjfa-3240	161	60	variables	variable	NOUN
cjfa-3240	161	61	,	,	PUNCT
cjfa-3240	161	62	where	where	SCONJ
cjfa-3240	161	63	m=	m=	PRON
cjfa-3240	161	64	corporate	corporate	ADJ
cjfa-3240	161	65	size	size	NOUN
cjfa-3240	161	66	(	(	PUNCT
cjfa-3240	161	67	crpsizeit	crpsizeit	NOUN
cjfa-3240	161	68	)	)	PUNCT
cjfa-3240	161	69	,	,	PUNCT
cjfa-3240	161	70	industry	industry	NOUN
cjfa-3240	161	71	dummies	dummy	NOUN
cjfa-3240	161	72	(	(	PUNCT
cjfa-3240	161	73	industryit	industryit	NOUN
cjfa-3240	161	74	)	)	PUNCT
cjfa-3240	161	75	,	,	PUNCT
cjfa-3240	161	76	return	return	VERB
cjfa-3240	161	77	on	on	ADP
cjfa-3240	161	78	assets	asset	NOUN
cjfa-3240	161	79	(	(	PUNCT
cjfa-3240	161	80	roait	roait	NOUN
cjfa-3240	161	81	)	)	PUNCT
cjfa-3240	161	82	and	and	CCONJ
cjfa-3240	161	83	stock	stock	NOUN
cjfa-3240	161	84	return	return	NOUN
cjfa-3240	161	85	(	(	PUNCT
cjfa-3240	161	86	stockretit	stockretit	NOUN
cjfa-3240	161	87	)	)	PUNCT
cjfa-3240	161	88	;	;	PUNCT
cjfa-3240	161	89	and	and	CCONJ
cjfa-3240	161	90	εit	εit	NOUN
cjfa-3240	161	91	is	be	AUX
cjfa-3240	161	92	the	the	DET
cjfa-3240	161	93	idiosyncratic	idiosyncratic	ADJ
cjfa-3240	161	94	error	error	NOUN
cjfa-3240	161	95	.	.	PUNCT
cjfa-3240	162	1	since	since	SCONJ
cjfa-3240	162	2	the	the	DET
cjfa-3240	162	3	influence	influence	NOUN
cjfa-3240	162	4	of	of	ADP
cjfa-3240	162	5	the	the	DET
cjfa-3240	162	6	firm	firm	NOUN
cjfa-3240	162	7	’s	’s	PART
cjfa-3240	162	8	characteristics	characteristic	NOUN
cjfa-3240	162	9	on	on	ADP
cjfa-3240	162	10	the	the	DET
cjfa-3240	162	11	model	model	NOUN
cjfa-3240	162	12	is	be	AUX
cjfa-3240	162	13	difficult	difficult	ADJ
cjfa-3240	162	14	to	to	PART
cjfa-3240	162	15	measure	measure	VERB
cjfa-3240	162	16	(	(	PUNCT
cjfa-3240	162	17	himmelberg	himmelberg	INTJ
cjfa-3240	162	18	et	et	PROPN
cjfa-3240	162	19	al	al	PROPN
cjfa-3240	162	20	.	.	PROPN
cjfa-3240	162	21	,	,	PUNCT
cjfa-3240	162	22	1999	1999	NUM
cjfa-3240	162	23	)	)	PUNCT
cjfa-3240	162	24	,	,	PUNCT
cjfa-3240	162	25	we	we	PRON
cjfa-3240	162	26	control	control	VERB
cjfa-3240	162	27	for	for	ADP
cjfa-3240	162	28	unobservable	unobservable	ADJ
cjfa-3240	162	29	heterogeneity	heterogeneity	NOUN
cjfa-3240	162	30	through	through	ADP
cjfa-3240	162	31	an	an	DET
cjfa-3240	162	32	individual	individual	ADJ
cjfa-3240	162	33	effect	effect	NOUN
cjfa-3240	162	34	,	,	PUNCT
cjfa-3240	162	35	ŋi	ŋi	X
cjfa-3240	162	36	(	(	PUNCT
cjfa-3240	162	37	de	de	X
cjfa-3240	162	38	miguel	miguel	PROPN
cjfa-3240	162	39	et	et	PROPN
cjfa-3240	162	40	al	al	PROPN
cjfa-3240	162	41	.	.	PROPN
cjfa-3240	162	42	2004	2004	NUM
cjfa-3240	162	43	)	)	PUNCT
cjfa-3240	162	44	.	.	PUNCT
cjfa-3240	163	1	also	also	ADV
cjfa-3240	163	2	we	we	PRON
cjfa-3240	163	3	control	control	VERB
cjfa-3240	163	4	the	the	DET
cjfa-3240	163	5	effect	effect	NOUN
cjfa-3240	163	6	of	of	ADP
cjfa-3240	163	7	the	the	DET
cjfa-3240	163	8	year	year	NOUN
cjfa-3240	163	9	including	include	VERB
cjfa-3240	163	10	a	a	DET
cjfa-3240	163	11	temporal	temporal	ADJ
cjfa-3240	163	12	effect	effect	NOUN
cjfa-3240	163	13	,	,	PUNCT
cjfa-3240	163	14	7	7	NUM
cjfa-3240	163	15	we	we	PRON
cjfa-3240	163	16	assumed	assume	VERB
cjfa-3240	163	17	parameter	parameter	NOUN
cjfa-3240	163	18	homogeneity	homogeneity	NOUN
cjfa-3240	163	19	,	,	PUNCT
cjfa-3240	163	20	which	which	PRON
cjfa-3240	163	21	means	mean	VERB
cjfa-3240	163	22	that	that	SCONJ
cjfa-3240	163	23	αit=	αit=	PROPN
cjfa-3240	163	24	α	α	NOUN
cjfa-3240	163	25	for	for	ADP
cjfa-3240	163	26	all	all	DET
cjfa-3240	163	27	i	i	PROPN
cjfa-3240	163	28	,	,	PUNCT
cjfa-3240	163	29	t	t	PROPN
cjfa-3240	163	30	and	and	CCONJ
cjfa-3240	163	31	βit	βit	NOUN
cjfa-3240	163	32	=	=	PUNCT
cjfa-3240	164	1	β	β	NOUN
cjfa-3240	164	2	for	for	ADP
cjfa-3240	164	3	all	all	DET
cjfa-3240	164	4	i	i	PROPN
cjfa-3240	164	5	,	,	PUNCT
cjfa-3240	164	6	t.	t.	PROPN
cjfa-3240	164	7	are	be	AUX
cjfa-3240	164	8	independent	independent	ADJ
cjfa-3240	164	9	variables	variable	NOUN
cjfa-3240	164	10	representative	representative	NOUN
cjfa-3240	164	11	of	of	ADP
cjfa-3240	164	12	board	board	NOUN
cjfa-3240	164	13	characteristics	characteristic	NOUN
cjfa-3240	164	14	,	,	PUNCT
cjfa-3240	164	15	where	where	SCONJ
cjfa-3240	164	16	k=	k=	PRON
cjfa-3240	164	17	board	board	PROPN
cjfa-3240	164	18	ownership	ownership	NOUN
cjfa-3240	164	19	(	(	PUNCT
cjfa-3240	164	20	owndirit	owndirit	NOUN
cjfa-3240	164	21	)	)	PUNCT
cjfa-3240	164	22	,	,	PUNCT
cjfa-3240	164	23	duality	duality	NOUN
cjfa-3240	164	24	of	of	ADP
cjfa-3240	164	25	the	the	DET
cjfa-3240	164	26	chairman	chairman	NOUN
cjfa-3240	164	27	of	of	ADP
cjfa-3240	164	28	the	the	DET
cjfa-3240	164	29	board	board	NOUN
cjfa-3240	164	30	and	and	CCONJ
cjfa-3240	164	31	the	the	DET
cjfa-3240	164	32	ceo	ceo	NOUN
cjfa-3240	164	33	(	(	PUNCT
cjfa-3240	164	34	ceoduait	ceoduait	PROPN
cjfa-3240	164	35	)	)	PUNCT
cjfa-3240	164	36	,	,	PUNCT
cjfa-3240	164	37	proportion	proportion	NOUN
cjfa-3240	164	38	of	of	ADP
cjfa-3240	164	39	external	external	ADJ
cjfa-3240	164	40	board	board	NOUN
cjfa-3240	164	41	members	member	NOUN
cjfa-3240	164	42	(	(	PUNCT
cjfa-3240	164	43	outsidit	outsidit	PROPN
cjfa-3240	164	44	)	)	PUNCT
cjfa-3240	164	45	,	,	PUNCT
cjfa-3240	164	46	board	board	NOUN
cjfa-3240	164	47	size	size	NOUN
cjfa-3240	164	48	(	(	PUNCT
cjfa-3240	164	49	brd	brd	NOUN
cjfa-3240	164	50	 	 	SPACE
cjfa-3240	164	51	si	si	PROPN
cjfa-3240	164	52	 	 	SPACE
cjfa-3240	164	53	zit	zit	NOUN
cjfa-3240	164	54	)	)	PUNCT
cjfa-3240	164	55	;	;	PUNCT
cjfa-3240	164	56	brdsiz	brdsiz	ADJ
cjfa-3240	164	57	number	number	NOUN
cjfa-3240	164	58	of	of	ADP
cjfa-3240	164	59	members	member	NOUN
cjfa-3240	164	60	in	in	ADP
cjfa-3240	164	61	the	the	DET
cjfa-3240	164	62	board	board	NOUN
cjfa-3240	164	63	of	of	ADP
cjfa-3240	164	64	directors	director	NOUN
cjfa-3240	164	65	numeric	numeric	ADP
cjfa-3240	164	66	control	control	NOUN
cjfa-3240	164	67	variables	variable	NOUN
cjfa-3240	164	68	crpsize	crpsize	VERB
cjfa-3240	164	69	corporate	corporate	ADJ
cjfa-3240	164	70	size	size	NOUN
cjfa-3240	164	71	measured	measure	VERB
cjfa-3240	164	72	by	by	ADP
cjfa-3240	164	73	the	the	DET
cjfa-3240	164	74	logarithm	logarithm	NOUN
cjfa-3240	164	75	of	of	ADP
cjfa-3240	164	76	total	total	ADJ
cjfa-3240	164	77	assets	asset	NOUN
cjfa-3240	164	78	numeric	numeric	ADP
cjfa-3240	164	79	industry	industry	NOUN
cjfa-3240	164	80	1	1	NUM
cjfa-3240	164	81	.	.	PUNCT
cjfa-3240	165	1	oil	oil	NOUN
cjfa-3240	165	2	and	and	CCONJ
cjfa-3240	165	3	energy	energy	NOUN
cjfa-3240	165	4	2	2	NUM
cjfa-3240	165	5	.	.	PUNCT
cjfa-3240	165	6	basic	basic	ADJ
cjfa-3240	165	7	materials	material	NOUN
cjfa-3240	165	8	,	,	PUNCT
cjfa-3240	165	9	manufacturing	manufacturing	NOUN
cjfa-3240	165	10	and	and	CCONJ
cjfa-3240	165	11	construction	construction	NOUN
cjfa-3240	165	12	3	3	NUM
cjfa-3240	165	13	.	.	PUNCT
cjfa-3240	165	14	consumer	consumer	NOUN
cjfa-3240	165	15	goods	good	NOUN
cjfa-3240	165	16	4	4	NUM
cjfa-3240	165	17	.	.	PUNCT
cjfa-3240	165	18	consumer	consumer	NOUN
cjfa-3240	165	19	services	service	NOUN
cjfa-3240	165	20	5	5	NUM
cjfa-3240	165	21	.	.	PUNCT
cjfa-3240	165	22	technology	technology	NOUN
cjfa-3240	165	23	and	and	CCONJ
cjfa-3240	165	24	telecommunications	telecommunication	NOUN
cjfa-3240	165	25	.	.	PUNCT
cjfa-3240	166	1	dichotomic	dichotomic	ADJ
cjfa-3240	166	2	roa	roa	PROPN
cjfa-3240	166	3	return	return	NOUN
cjfa-3240	166	4	on	on	ADP
cjfa-3240	166	5	assets	asset	NOUN
cjfa-3240	166	6	,	,	PUNCT
cjfa-3240	166	7	ratio	ratio	NOUN
cjfa-3240	166	8	of	of	ADP
cjfa-3240	166	9	operating	operate	VERB
cjfa-3240	166	10	income	income	NOUN
cjfa-3240	166	11	to	to	ADP
cjfa-3240	166	12	net	net	ADJ
cjfa-3240	166	13	assets	asset	NOUN
cjfa-3240	166	14	numeric	numeric	ADP
cjfa-3240	166	15	stockret	stockret	VERB
cjfa-3240	166	16	stock	stock	NOUN
cjfa-3240	166	17	return	return	NOUN
cjfa-3240	166	18	measured	measure	VERB
cjfa-3240	166	19	as	as	ADP
cjfa-3240	166	20	the	the	DET
cjfa-3240	166	21	sum	sum	NOUN
cjfa-3240	166	22	of	of	ADP
cjfa-3240	166	23	stock	stock	NOUN
cjfa-3240	166	24	price	price	NOUN
cjfa-3240	166	25	and	and	CCONJ
cjfa-3240	166	26	dividend	dividend	NOUN
cjfa-3240	166	27	per	per	ADP
cjfa-3240	166	28	share	share	NOUN
cjfa-3240	166	29	over	over	ADP
cjfa-3240	166	30	stock	stock	NOUN
cjfa-3240	166	31	price	price	NOUN
cjfa-3240	166	32	in	in	ADP
cjfa-3240	166	33	the	the	DET
cjfa-3240	166	34	year	year	NOUN
cjfa-3240	166	35	before	before	ADP
cjfa-3240	166	36	numeric	numeric	PROPN
cjfa-3240	166	37	source	source	NOUN
cjfa-3240	166	38	:	:	PUNCT
cjfa-3240	166	39	authors	author	NOUN
cjfa-3240	166	40	’	'	PUNCT
cjfa-3240	166	41	own	own	ADJ
cjfa-3240	166	42	.	.	PUNCT
cjfa-3240	167	1	methodology	methodology	NOUN
cjfa-3240	167	2	we	we	PRON
cjfa-3240	167	3	construct	construct	VERB
cjfa-3240	167	4	a	a	DET
cjfa-3240	167	5	panel	panel	NOUN
cjfa-3240	167	6	data	datum	NOUN
cjfa-3240	167	7	of	of	ADP
cjfa-3240	167	8	456	456	NUM
cjfa-3240	167	9	data	datum	NOUN
cjfa-3240	167	10	(	(	PUNCT
cjfa-3240	167	11	76	76	NUM
cjfa-3240	167	12	companies	company	NOUN
cjfa-3240	167	13	x	x	NOUN
cjfa-3240	167	14	6	6	NUM
cjfa-3240	167	15	years	year	NOUN
cjfa-3240	167	16	)	)	PUNCT
cjfa-3240	167	17	,	,	PUNCT
cjfa-3240	167	18	following	follow	VERB
cjfa-3240	167	19	the	the	DET
cjfa-3240	167	20	methodology	methodology	NOUN
cjfa-3240	167	21	used	use	VERB
cjfa-3240	167	22	by	by	ADP
cjfa-3240	167	23	elsas	elsa	NOUN
cjfa-3240	167	24	and	and	CCONJ
cjfa-3240	167	25	florysiak	florysiak	PROPN
cjfa-3240	167	26	(	(	PUNCT
cjfa-3240	167	27	2008	2008	NUM
cjfa-3240	167	28	)	)	PUNCT
cjfa-3240	167	29	,	,	PUNCT
cjfa-3240	167	30	andreas	andreas	PROPN
cjfa-3240	167	31	et	et	PROPN
cjfa-3240	167	32	al	al	PROPN
cjfa-3240	167	33	.	.	PROPN
cjfa-3240	168	1	(	(	PUNCT
cjfa-3240	168	2	2009	2009	NUM
cjfa-3240	168	3	)	)	PUNCT
cjfa-3240	168	4	,	,	PUNCT
cjfa-3240	168	5	mayers	mayer	NOUN
cjfa-3240	168	6	and	and	CCONJ
cjfa-3240	168	7	smith	smith	PROPN
cjfa-3240	168	8	(	(	PUNCT
cjfa-3240	168	9	2010	2010	NUM
cjfa-3240	168	10	)	)	PUNCT
cjfa-3240	168	11	and	and	CCONJ
cjfa-3240	168	12	manzaneque	manzaneque	NOUN
cjfa-3240	168	13	et	et	PROPN
cjfa-3240	168	14	al	al	PROPN
cjfa-3240	168	15	.	.	PUNCT
cjfa-3240	169	1	(	(	PUNCT
cjfa-3240	169	2	2011	2011	NUM
cjfa-3240	169	3	)	)	PUNCT
cjfa-3240	169	4	.	.	PUNCT
cjfa-3240	170	1	in	in	ADP
cjfa-3240	170	2	order	order	NOUN
cjfa-3240	170	3	to	to	PART
cjfa-3240	170	4	test	test	VERB
cjfa-3240	170	5	our	our	PRON
cjfa-3240	170	6	hypotheses	hypothesis	NOUN
cjfa-3240	170	7	we	we	PRON
cjfa-3240	170	8	estimate	estimate	VERB
cjfa-3240	170	9	different	different	ADJ
cjfa-3240	170	10	variant	variant	NOUN
cjfa-3240	170	11	of	of	ADP
cjfa-3240	170	12	the	the	DET
cjfa-3240	170	13	following	follow	VERB
cjfa-3240	170	14	model	model	NOUN
cjfa-3240	170	15	(	(	PUNCT
cjfa-3240	170	16	manzaneque	manzaneque	NOUN
cjfa-3240	170	17	et	et	PROPN
cjfa-3240	170	18	al	al	PROPN
cjfa-3240	170	19	.	.	PROPN
cjfa-3240	170	20	,	,	PUNCT
cjfa-3240	170	21	2011	2011	NUM
cjfa-3240	170	22	;	;	PUNCT
cjfa-3240	170	23	merino	merino	NOUN
cjfa-3240	170	24	,	,	PUNCT
cjfa-3240	170	25	manzaneque	manzaneque	NOUN
cjfa-3240	170	26	,	,	PUNCT
cjfa-3240	170	27	banegas	banegas	NOUN
cjfa-3240	170	28	2012)7	2012)7	NUM
cjfa-3240	170	29	:	:	PUNCT
cjfa-3240	170	30	it	it	PRON
cjfa-3240	170	31	m	m	VERB
cjfa-3240	170	32	it	it	PRON
cjfa-3240	171	1	k	k	INTJ
cjfa-3240	171	2	itit	itit	PROPN
cjfa-3240	171	3	cvxy	cvxy	VERB
cjfa-3240	171	4			ADP
cjfa-3240	171	5			NOUN
cjfa-3240	171	6			PART
cjfa-3240	171	7			NUM
cjfa-3240	171	8	4	4	NUM
cjfa-3240	171	9	1	1	NUM
cjfa-3240	171	10	4	4	NUM
cjfa-3240	171	11	1	1	NUM
cjfa-3240	172	1	[	[	X
cjfa-3240	172	2	1	1	NUM
cjfa-3240	172	3	]	]	PUNCT
cjfa-3240	172	4	where	where	SCONJ
cjfa-3240	172	5	ity	ity	PROPN
cjfa-3240	172	6	is	be	AUX
cjfa-3240	172	7	the	the	DET
cjfa-3240	172	8	endogenous	endogenous	ADJ
cjfa-3240	172	9	variable	variable	NOUN
cjfa-3240	172	10	,	,	PUNCT
cjfa-3240	172	11	measured	measure	VERB
cjfa-3240	172	12	as	as	ADP
cjfa-3240	172	13	logarithm	logarithm	NOUN
cjfa-3240	172	14	of	of	ADP
cjfa-3240	172	15	remuneration	remuneration	NOUN
cjfa-3240	172	16	by	by	ADP
cjfa-3240	172	17	director	director	NOUN
cjfa-3240	172	18	.	.	PUNCT
cjfa-3240	173	1	this	this	DET
cjfa-3240	173	2	variable	variable	NOUN
cjfa-3240	173	3	is	be	AUX
cjfa-3240	173	4	identified	identify	VERB
cjfa-3240	173	5	as	as	ADP
cjfa-3240	173	6	:	:	PUNCT
cjfa-3240	173	7	a	a	X
cjfa-3240	173	8	)	)	PUNCT
cjfa-3240	173	9	total	total	ADJ
cjfa-3240	173	10	compensation	compensation	NOUN
cjfa-3240	173	11	by	by	ADP
cjfa-3240	173	12	director	director	NOUN
cjfa-3240	173	13	(	(	PUNCT
cjfa-3240	173	14	compen	compen	PROPN
cjfa-3240	173	15	)	)	PUNCT
cjfa-3240	173	16	;	;	PUNCT
cjfa-3240	173	17	b	b	X
cjfa-3240	173	18	)	)	PUNCT
cjfa-3240	173	19	fixed	fix	VERB
cjfa-3240	173	20	compensation	compensation	NOUN
cjfa-3240	173	21	by	by	ADP
cjfa-3240	173	22	director	director	NOUN
cjfa-3240	173	23	(	(	PUNCT
cjfa-3240	173	24	fixrem	fixrem	ADJ
cjfa-3240	173	25	)	)	PUNCT
cjfa-3240	173	26	;	;	PUNCT
cjfa-3240	173	27	c	c	X
cjfa-3240	173	28	)	)	PUNCT
cjfa-3240	173	29	variable	variable	ADJ
cjfa-3240	173	30	compensation	compensation	NOUN
cjfa-3240	173	31	by	by	ADP
cjfa-3240	173	32	director	director	NOUN
cjfa-3240	173	33	(	(	PUNCT
cjfa-3240	173	34	varrem	varrem	NUM
cjfa-3240	173	35	)	)	PUNCT
cjfa-3240	173	36	;	;	PUNCT
cjfa-3240	173	37	d	d	X
cjfa-3240	173	38	)	)	PUNCT
cjfa-3240	173	39	salary	salary	NOUN
cjfa-3240	173	40	fees	fee	NOUN
cjfa-3240	173	41	by	by	ADP
cjfa-3240	173	42	director	director	NOUN
cjfa-3240	173	43	(	(	PUNCT
cjfa-3240	173	44	salfee	salfee	PROPN
cjfa-3240	173	45	)	)	PUNCT
cjfa-3240	173	46	;	;	PUNCT
cjfa-3240	173	47	e	e	X
cjfa-3240	173	48	)	)	PUNCT
cjfa-3240	173	49	attendance	attendance	NOUN
cjfa-3240	173	50	fees	fee	NOUN
cjfa-3240	173	51	by	by	ADP
cjfa-3240	173	52	director	director	NOUN
cjfa-3240	173	53	(	(	PUNCT
cjfa-3240	173	54	attfee	attfee	NOUN
cjfa-3240	173	55	)	)	PUNCT
cjfa-3240	173	56	;	;	PUNCT
cjfa-3240	173	57	and	and	CCONJ
cjfa-3240	173	58	,	,	PUNCT
cjfa-3240	173	59	f	f	X
cjfa-3240	173	60	)	)	PUNCT
cjfa-3240	173	61	other	other	ADJ
cjfa-3240	173	62	perquisites	perquisite	NOUN
cjfa-3240	173	63	by	by	ADP
cjfa-3240	173	64	director	director	NOUN
cjfa-3240	173	65	(	(	PUNCT
cjfa-3240	173	66	othper	othper	NOUN
cjfa-3240	173	67	)	)	PUNCT
cjfa-3240	173	68	.	.	PUNCT
cjfa-3240	174	1	the	the	DET
cjfa-3240	174	2			NUM
cjfa-3240	174	3			NOUN
cjfa-3240	174	4	4	4	NUM
cjfa-3240	174	5	1k	1k	NUM
cjfa-3240	174	6	itx	itx	NOUN
cjfa-3240	174	7	are	be	AUX
cjfa-3240	174	8	independent	independent	ADJ
cjfa-3240	174	9	variables	variable	NOUN
cjfa-3240	174	10	representative	representative	NOUN
cjfa-3240	174	11	of	of	ADP
cjfa-3240	174	12	board	board	NOUN
cjfa-3240	174	13	characteristics	characteristic	NOUN
cjfa-3240	174	14	,	,	PUNCT
cjfa-3240	174	15	where	where	SCONJ
cjfa-3240	174	16	k=	k=	PRON
cjfa-3240	174	17	board	board	PROPN
cjfa-3240	174	18	ownership	ownership	NOUN
cjfa-3240	174	19	(	(	PUNCT
cjfa-3240	174	20	owndirit	owndirit	NOUN
cjfa-3240	174	21	)	)	PUNCT
cjfa-3240	174	22	,	,	PUNCT
cjfa-3240	174	23	duality	duality	NOUN
cjfa-3240	174	24	of	of	ADP
cjfa-3240	174	25	the	the	DET
cjfa-3240	174	26	chairman	chairman	NOUN
cjfa-3240	174	27	of	of	ADP
cjfa-3240	174	28	the	the	DET
cjfa-3240	174	29	board	board	NOUN
cjfa-3240	174	30	and	and	CCONJ
cjfa-3240	174	31	the	the	DET
cjfa-3240	174	32	ceo	ceo	NOUN
cjfa-3240	174	33	(	(	PUNCT
cjfa-3240	174	34	ceoduait	ceoduait	PROPN
cjfa-3240	174	35	)	)	PUNCT
cjfa-3240	174	36	,	,	PUNCT
cjfa-3240	174	37	proportion	proportion	NOUN
cjfa-3240	174	38	of	of	ADP
cjfa-3240	174	39	external	external	ADJ
cjfa-3240	174	40	board	board	NOUN
cjfa-3240	174	41	members	member	NOUN
cjfa-3240	174	42	(	(	PUNCT
cjfa-3240	174	43	outsidit	outsidit	PROPN
cjfa-3240	174	44	)	)	PUNCT
cjfa-3240	174	45	,	,	PUNCT
cjfa-3240	174	46	board	board	NOUN
cjfa-3240	174	47	size	size	NOUN
cjfa-3240	174	48	(	(	PUNCT
cjfa-3240	174	49	brdsizit	brdsizit	NOUN
cjfa-3240	174	50	)	)	PUNCT
cjfa-3240	174	51	;	;	PUNCT
cjfa-3240	174	52			X
cjfa-3240	174	53			NOUN
cjfa-3240	174	54	4	4	NUM
cjfa-3240	174	55	1	1	NUM
cjfa-3240	174	56	m	m	NOUN
cjfa-3240	174	57	itcv	itcv	NOUN
cjfa-3240	174	58	are	be	AUX
cjfa-3240	174	59	control	control	NOUN
cjfa-3240	174	60	variables	variable	NOUN
cjfa-3240	174	61	,	,	PUNCT
cjfa-3240	174	62	where	where	SCONJ
cjfa-3240	174	63	m=	m=	PRON
cjfa-3240	174	64	corporate	corporate	ADJ
cjfa-3240	174	65	size	size	NOUN
cjfa-3240	174	66	(	(	PUNCT
cjfa-3240	174	67	crpsizeit	crpsizeit	NOUN
cjfa-3240	174	68	)	)	PUNCT
cjfa-3240	174	69	,	,	PUNCT
cjfa-3240	174	70	industry	industry	NOUN
cjfa-3240	174	71	dummies	dummy	NOUN
cjfa-3240	174	72	(	(	PUNCT
cjfa-3240	174	73	industryit	industryit	NOUN
cjfa-3240	174	74	)	)	PUNCT
cjfa-3240	174	75	,	,	PUNCT
cjfa-3240	174	76	return	return	VERB
cjfa-3240	174	77	on	on	ADP
cjfa-3240	174	78	assets	asset	NOUN
cjfa-3240	174	79	(	(	PUNCT
cjfa-3240	174	80	roait	roait	NOUN
cjfa-3240	174	81	)	)	PUNCT
cjfa-3240	174	82	and	and	CCONJ
cjfa-3240	174	83	stock	stock	NOUN
cjfa-3240	174	84	return	return	NOUN
cjfa-3240	174	85	(	(	PUNCT
cjfa-3240	174	86	stockretit	stockretit	NOUN
cjfa-3240	174	87	)	)	PUNCT
cjfa-3240	174	88	;	;	PUNCT
cjfa-3240	174	89	and	and	CCONJ
cjfa-3240	174	90	εit	εit	NOUN
cjfa-3240	174	91	is	be	AUX
cjfa-3240	174	92	the	the	DET
cjfa-3240	174	93	idiosyncratic	idiosyncratic	ADJ
cjfa-3240	174	94	error	error	NOUN
cjfa-3240	174	95	.	.	PUNCT
cjfa-3240	175	1	since	since	SCONJ
cjfa-3240	175	2	the	the	DET
cjfa-3240	175	3	influence	influence	NOUN
cjfa-3240	175	4	of	of	ADP
cjfa-3240	175	5	the	the	DET
cjfa-3240	175	6	firm	firm	NOUN
cjfa-3240	175	7	’s	’s	PART
cjfa-3240	175	8	characteristics	characteristic	NOUN
cjfa-3240	175	9	on	on	ADP
cjfa-3240	175	10	the	the	DET
cjfa-3240	175	11	model	model	NOUN
cjfa-3240	175	12	is	be	AUX
cjfa-3240	175	13	difficult	difficult	ADJ
cjfa-3240	175	14	to	to	PART
cjfa-3240	175	15	measure	measure	VERB
cjfa-3240	175	16	(	(	PUNCT
cjfa-3240	175	17	himmelberg	himmelberg	INTJ
cjfa-3240	175	18	et	et	PROPN
cjfa-3240	175	19	al	al	PROPN
cjfa-3240	175	20	.	.	PROPN
cjfa-3240	175	21	,	,	PUNCT
cjfa-3240	175	22	1999	1999	NUM
cjfa-3240	175	23	)	)	PUNCT
cjfa-3240	175	24	,	,	PUNCT
cjfa-3240	175	25	we	we	PRON
cjfa-3240	175	26	control	control	VERB
cjfa-3240	175	27	for	for	ADP
cjfa-3240	175	28	unobservable	unobservable	ADJ
cjfa-3240	175	29	heterogeneity	heterogeneity	NOUN
cjfa-3240	175	30	through	through	ADP
cjfa-3240	175	31	an	an	DET
cjfa-3240	175	32	individual	individual	ADJ
cjfa-3240	175	33	effect	effect	NOUN
cjfa-3240	175	34	,	,	PUNCT
cjfa-3240	175	35	ŋi	ŋi	X
cjfa-3240	175	36	(	(	PUNCT
cjfa-3240	175	37	de	de	X
cjfa-3240	175	38	miguel	miguel	PROPN
cjfa-3240	175	39	et	et	PROPN
cjfa-3240	175	40	al	al	PROPN
cjfa-3240	175	41	.	.	PROPN
cjfa-3240	175	42	2004	2004	NUM
cjfa-3240	175	43	)	)	PUNCT
cjfa-3240	175	44	.	.	PUNCT
cjfa-3240	176	1	also	also	ADV
cjfa-3240	176	2	we	we	PRON
cjfa-3240	176	3	control	control	VERB
cjfa-3240	176	4	the	the	DET
cjfa-3240	176	5	effect	effect	NOUN
cjfa-3240	176	6	of	of	ADP
cjfa-3240	176	7	the	the	DET
cjfa-3240	176	8	year	year	NOUN
cjfa-3240	176	9	including	include	VERB
cjfa-3240	176	10	a	a	DET
cjfa-3240	176	11	temporal	temporal	ADJ
cjfa-3240	176	12	effect	effect	NOUN
cjfa-3240	176	13	,	,	PUNCT
cjfa-3240	176	14	7	7	NUM
cjfa-3240	176	15	we	we	PRON
cjfa-3240	176	16	assumed	assume	VERB
cjfa-3240	176	17	parameter	parameter	NOUN
cjfa-3240	176	18	homogeneity	homogeneity	NOUN
cjfa-3240	176	19	,	,	PUNCT
cjfa-3240	176	20	which	which	PRON
cjfa-3240	176	21	means	mean	VERB
cjfa-3240	176	22	that	that	SCONJ
cjfa-3240	176	23	αit=	αit=	PROPN
cjfa-3240	176	24	α	α	NOUN
cjfa-3240	176	25	for	for	ADP
cjfa-3240	176	26	all	all	DET
cjfa-3240	176	27	i	i	PROPN
cjfa-3240	176	28	,	,	PUNCT
cjfa-3240	176	29	t	t	PROPN
cjfa-3240	176	30	and	and	CCONJ
cjfa-3240	176	31	βit	βit	NOUN
cjfa-3240	176	32	=	=	PUNCT
cjfa-3240	177	1	β	β	NOUN
cjfa-3240	177	2	for	for	ADP
cjfa-3240	177	3	all	all	DET
cjfa-3240	177	4	i	i	PROPN
cjfa-3240	177	5	,	,	PUNCT
cjfa-3240	177	6	t.	t.	PROPN
cjfa-3240	177	7	are	be	AUX
cjfa-3240	177	8	control	control	NOUN
cjfa-3240	177	9	variables	variable	NOUN
cjfa-3240	177	10	,	,	PUNCT
cjfa-3240	177	11	where	where	SCONJ
cjfa-3240	177	12	m=	m=	PRON
cjfa-3240	177	13	corporate	corporate	ADJ
cjfa-3240	177	14	size	size	NOUN
cjfa-3240	177	15	(	(	PUNCT
cjfa-3240	177	16	crpsize	crpsize	VERB
cjfa-3240	177	17	 	 	SPACE
cjfa-3240	177	18	it	it	PRON
cjfa-3240	177	19	)	)	PUNCT
cjfa-3240	177	20	,	,	PUNCT
cjfa-3240	177	21	industry	industry	NOUN
cjfa-3240	177	22	dummies	dummy	NOUN
cjfa-3240	177	23	(	(	PUNCT
cjfa-3240	177	24	industryit	industryit	NOUN
cjfa-3240	177	25	)	)	PUNCT
cjfa-3240	177	26	,	,	PUNCT
cjfa-3240	177	27	return	return	VERB
cjfa-3240	177	28	on	on	ADP
cjfa-3240	177	29	assets	asset	NOUN
cjfa-3240	177	30	(	(	PUNCT
cjfa-3240	177	31	roait	roait	NOUN
cjfa-3240	177	32	)	)	PUNCT
cjfa-3240	177	33	and	and	CCONJ
cjfa-3240	177	34	stock	stock	NOUN
cjfa-3240	177	35	return	return	NOUN
cjfa-3240	177	36	(	(	PUNCT
cjfa-3240	177	37	stockretit	stockretit	NOUN
cjfa-3240	177	38	)	)	PUNCT
cjfa-3240	177	39	;	;	PUNCT
cjfa-3240	177	40	and	and	CCONJ
cjfa-3240	177	41	εit	εit	NOUN
cjfa-3240	177	42	is	be	AUX
cjfa-3240	177	43	the	the	DET
cjfa-3240	177	44	idiosyncratic	idiosyncratic	ADJ
cjfa-3240	177	45	error	error	NOUN
cjfa-3240	177	46	.	.	PUNCT
cjfa-3240	178	1	since	since	SCONJ
cjfa-3240	178	2	the	the	DET
cjfa-3240	178	3	influence	influence	NOUN
cjfa-3240	178	4	of	of	ADP
cjfa-3240	178	5	the	the	DET
cjfa-3240	178	6	firm	firm	NOUN
cjfa-3240	178	7	’s	’s	PART
cjfa-3240	178	8	characteristics	characteristic	NOUN
cjfa-3240	178	9	on	on	ADP
cjfa-3240	178	10	the	the	DET
cjfa-3240	178	11	model	model	NOUN
cjfa-3240	178	12	is	be	AUX
cjfa-3240	178	13	difficult	difficult	ADJ
cjfa-3240	178	14	to	to	PART
cjfa-3240	178	15	measure	measure	VERB
cjfa-3240	178	16	(	(	PUNCT
cjfa-3240	178	17	himmelberg	himmelberg	INTJ
cjfa-3240	178	18	et	et	PROPN
cjfa-3240	178	19	al	al	PROPN
cjfa-3240	178	20	.	.	PROPN
cjfa-3240	178	21	,	,	PUNCT
cjfa-3240	178	22	1999	1999	NUM
cjfa-3240	178	23	)	)	PUNCT
cjfa-3240	178	24	,	,	PUNCT
cjfa-3240	178	25	we	we	PRON
cjfa-3240	178	26	control	control	VERB
cjfa-3240	178	27	for	for	ADP
cjfa-3240	178	28	unobservable	unobservable	ADJ
cjfa-3240	178	29	heterogeneity	heterogeneity	NOUN
cjfa-3240	178	30	through	through	ADP
cjfa-3240	178	31	an	an	DET
cjfa-3240	178	32	individual	individual	ADJ
cjfa-3240	178	33	effect	effect	NOUN
cjfa-3240	178	34	,	,	PUNCT
cjfa-3240	178	35	ŋi	ŋi	X
cjfa-3240	178	36	(	(	PUNCT
cjfa-3240	178	37	de	de	X
cjfa-3240	178	38	miguel	miguel	PROPN
cjfa-3240	178	39	et	et	PROPN
cjfa-3240	178	40	al	al	PROPN
cjfa-3240	178	41	.	.	PROPN
cjfa-3240	178	42	2004	2004	NUM
cjfa-3240	178	43	)	)	PUNCT
cjfa-3240	178	44	.	.	PUNCT
cjfa-3240	179	1	also	also	ADV
cjfa-3240	179	2	we	we	PRON
cjfa-3240	179	3	control	control	VERB
cjfa-3240	179	4	the	the	DET
cjfa-3240	179	5	effect	effect	NOUN
cjfa-3240	179	6	of	of	ADP
cjfa-3240	179	7	the	the	DET
cjfa-3240	179	8	year	year	NOUN
cjfa-3240	179	9	including	include	VERB
cjfa-3240	179	10	a	a	DET
cjfa-3240	179	11	temporal	temporal	ADJ
cjfa-3240	179	12	effect	effect	NOUN
cjfa-3240	179	13	,	,	PUNCT
cjfa-3240	179	14	dt	dt	PROPN
cjfa-3240	179	15	.	.	PUNCT
cjfa-3240	180	1	therefore	therefore	ADV
cjfa-3240	180	2	,	,	PUNCT
cjfa-3240	180	3	the	the	DET
cjfa-3240	180	4	error	error	NOUN
cjfa-3240	180	5	term	term	NOUN
cjfa-3240	180	6	is	be	AUX
cjfa-3240	180	7	transformed	transform	VERB
cjfa-3240	180	8	into	into	ADP
cjfa-3240	180	9	εit	εit	NOUN
cjfa-3240	180	10	=	=	PUNCT
cjfa-3240	180	11	ŋi	ŋi	X
cjfa-3240	180	12	+	+	NOUN
cjfa-3240	180	13	dt	dt	X
cjfa-3240	181	1	+	+	CCONJ
cjfa-3240	181	2	vit	vit	NOUN
cjfa-3240	181	3	,	,	PUNCT
cjfa-3240	181	4	where	where	SCONJ
cjfa-3240	181	5	vit	vit	NOUN
cjfa-3240	181	6	is	be	AUX
cjfa-3240	181	7	the	the	DET
cjfa-3240	181	8	idiosyncratic	idiosyncratic	ADJ
cjfa-3240	181	9	error	error	NOUN
cjfa-3240	181	10	(	(	PUNCT
cjfa-3240	181	11	de	de	X
cjfa-3240	181	12	miguel	miguel	PROPN
cjfa-3240	181	13	et	et	PROPN
cjfa-3240	181	14	al	al	PROPN
cjfa-3240	181	15	.	.	PROPN
cjfa-3240	181	16	,	,	PUNCT
cjfa-3240	181	17	2004	2004	NUM
cjfa-3240	181	18	)	)	PUNCT
cjfa-3240	181	19	.	.	PUNCT
cjfa-3240	182	1	in	in	ADP
cjfa-3240	182	2	terms	term	NOUN
cjfa-3240	182	3	of	of	ADP
cjfa-3240	182	4	the	the	DET
cjfa-3240	182	5	hypotheses	hypothesis	NOUN
cjfa-3240	182	6	,	,	PUNCT
cjfa-3240	182	7	and	and	CCONJ
cjfa-3240	182	8	according	accord	VERB
cjfa-3240	182	9	with	with	ADP
cjfa-3240	182	10	the	the	DET
cjfa-3240	182	11	given	give	VERB
cjfa-3240	182	12	arguments	argument	NOUN
cjfa-3240	182	13	and	and	CCONJ
cjfa-3240	182	14	the	the	DET
cjfa-3240	182	15	results	result	NOUN
cjfa-3240	182	16	of	of	ADP
cjfa-3240	182	17	previous	previous	ADJ
cjfa-3240	182	18	authors	author	NOUN
cjfa-3240	182	19	’	'	PUNCT
cjfa-3240	182	20	studies	study	NOUN
cjfa-3240	182	21	(	(	PUNCT
cjfa-3240	182	22	manzaneque	manzaneque	PROPN
cjfa-3240	182	23	et	et	PROPN
cjfa-3240	182	24	al	al	PROPN
cjfa-3240	182	25	.	.	PROPN
cjfa-3240	182	26	,	,	PUNCT
cjfa-3240	182	27	2011	2011	NUM
cjfa-3240	182	28	and	and	CCONJ
cjfa-3240	182	29	merino	merino	NOUN
cjfa-3240	182	30	et	et	PROPN
cjfa-3240	182	31	al	al	PROPN
cjfa-3240	182	32	.	.	PROPN
cjfa-3240	182	33	,	,	PUNCT
cjfa-3240	182	34	2012	2012	NUM
cjfa-3240	182	35	)	)	PUNCT
cjfa-3240	182	36	,	,	PUNCT
cjfa-3240	182	37	it	it	PRON
cjfa-3240	182	38	is	be	AUX
cjfa-3240	182	39	therefore	therefore	ADV
cjfa-3240	182	40	expected	expect	VERB
cjfa-3240	182	41	a	a	DET
cjfa-3240	182	42	negative	negative	ADJ
cjfa-3240	182	43	relationship	relationship	NOUN
cjfa-3240	182	44	between	between	ADP
cjfa-3240	182	45	the	the	DET
cjfa-3240	182	46	board	board	NOUN
cjfa-3240	182	47	ownership	ownership	NOUN
cjfa-3240	182	48	and	and	CCONJ
cjfa-3240	182	49	directors	director	NOUN
cjfa-3240	182	50	´	´	NOUN
cjfa-3240	182	51	compensation	compensation	NOUN
cjfa-3240	182	52	.	.	PUNCT
cjfa-3240	183	1	a	a	DET
cjfa-3240	183	2	negative	negative	ADJ
cjfa-3240	183	3	relationship	relationship	NOUN
cjfa-3240	183	4	is	be	AUX
cjfa-3240	183	5	also	also	ADV
cjfa-3240	183	6	expected	expect	VERB
cjfa-3240	183	7	to	to	PART
cjfa-3240	183	8	exist	exist	VERB
cjfa-3240	183	9	between	between	ADP
cjfa-3240	183	10	the	the	DET
cjfa-3240	183	11	proportion	proportion	NOUN
cjfa-3240	183	12	of	of	ADP
cjfa-3240	183	13	external	external	ADJ
cjfa-3240	183	14	board	board	NOUN
cjfa-3240	183	15	members	member	NOUN
cjfa-3240	183	16	and	and	CCONJ
cjfa-3240	183	17	compensation	compensation	NOUN
cjfa-3240	183	18	per	per	ADP
cjfa-3240	183	19	director	director	NOUN
cjfa-3240	183	20	indicating	indicate	VERB
cjfa-3240	183	21	that	that	SCONJ
cjfa-3240	183	22	greater	great	ADJ
cjfa-3240	183	23	independence	independence	NOUN
cjfa-3240	183	24	in	in	ADP
cjfa-3240	183	25	the	the	DET
cjfa-3240	183	26	board	board	NOUN
cjfa-3240	183	27	has	have	VERB
cjfa-3240	183	28	a	a	DET
cjfa-3240	183	29	moderate	moderate	ADJ
cjfa-3240	183	30	effect	effect	NOUN
cjfa-3240	183	31	over	over	ADP
cjfa-3240	183	32	the	the	DET
cjfa-3240	183	33	amount	amount	NOUN
cjfa-3240	183	34	of	of	ADP
cjfa-3240	183	35	compensation	compensation	NOUN
cjfa-3240	183	36	received	receive	VERB
cjfa-3240	183	37	by	by	ADP
cjfa-3240	183	38	them	they	PRON
cjfa-3240	183	39	(	(	PUNCT
cjfa-3240	183	40	merino	merino	PROPN
cjfa-3240	183	41	et	et	PROPN
cjfa-3240	183	42	al	al	PROPN
cjfa-3240	183	43	.	.	PROPN
cjfa-3240	183	44	,	,	PUNCT
cjfa-3240	183	45	2012	2012	NUM
cjfa-3240	183	46	)	)	PUNCT
cjfa-3240	183	47	.	.	PUNCT
cjfa-3240	184	1	7	7	NUM
cjfa-3240	184	2	 	 	SPACE
cjfa-3240	184	3	we	we	PRON
cjfa-3240	184	4	assumed	assume	VERB
cjfa-3240	184	5	parameter	parameter	NOUN
cjfa-3240	184	6	homogeneity	homogeneity	NOUN
cjfa-3240	184	7	,	,	PUNCT
cjfa-3240	184	8	which	which	PRON
cjfa-3240	184	9	means	mean	VERB
cjfa-3240	184	10	that	that	SCONJ
cjfa-3240	184	11	αit=	αit=	PROPN
cjfa-3240	184	12	α	α	NOUN
cjfa-3240	184	13	for	for	ADP
cjfa-3240	184	14	all	all	DET
cjfa-3240	184	15	i	i	PROPN
cjfa-3240	184	16	,	,	PUNCT
cjfa-3240	184	17	t	t	PROPN
cjfa-3240	184	18	and	and	CCONJ
cjfa-3240	184	19	βit	βit	NOUN
cjfa-3240	184	20	=	=	PUNCT
cjfa-3240	184	21	β	β	NOUN
cjfa-3240	184	22	for	for	ADP
cjfa-3240	184	23	all	all	DET
cjfa-3240	184	24	i	i	PROPN
cjfa-3240	184	25	,	,	PUNCT
cjfa-3240	184	26	t.	t.	NOUN
cjfa-3240	184	27	“	"	PUNCT
cjfa-3240	184	28	board	board	NOUN
cjfa-3240	184	29	independence	independence	NOUN
cjfa-3240	184	30	”	"	PUNCT
cjfa-3240	184	31	and	and	CCONJ
cjfa-3240	184	32	compensation	compensation	NOUN
cjfa-3240	184	33	structure	structure	NOUN
cjfa-3240	184	34	of	of	ADP
cjfa-3240	184	35	directors	director	NOUN
cjfa-3240	184	36	135	135	NUM
cjfa-3240	184	37	on	on	ADP
cjfa-3240	184	38	the	the	DET
cjfa-3240	184	39	contrary	contrary	NOUN
cjfa-3240	184	40	,	,	PUNCT
cjfa-3240	184	41	a	a	DET
cjfa-3240	184	42	positive	positive	ADJ
cjfa-3240	184	43	relationship	relationship	NOUN
cjfa-3240	184	44	is	be	AUX
cjfa-3240	184	45	foreseen	foresee	VERB
cjfa-3240	184	46	between	between	ADP
cjfa-3240	184	47	duality	duality	NOUN
cjfa-3240	184	48	and	and	CCONJ
cjfa-3240	184	49	compensation	compensation	NOUN
cjfa-3240	184	50	per	per	ADP
cjfa-3240	184	51	director	director	NOUN
cjfa-3240	184	52	.	.	PUNCT
cjfa-3240	185	1	as	as	SCONJ
cjfa-3240	185	2	such	such	ADJ
cjfa-3240	185	3	,	,	PUNCT
cjfa-3240	185	4	a	a	DET
cjfa-3240	185	5	negative	negative	ADJ
cjfa-3240	185	6	relationship	relationship	NOUN
cjfa-3240	185	7	between	between	ADP
cjfa-3240	185	8	board	board	NOUN
cjfa-3240	185	9	size	size	NOUN
cjfa-3240	185	10	and	and	CCONJ
cjfa-3240	185	11	compensation	compensation	NOUN
cjfa-3240	185	12	is	be	AUX
cjfa-3240	185	13	expected	expect	VERB
cjfa-3240	185	14	.	.	PUNCT
cjfa-3240	186	1	also	also	ADV
cjfa-3240	186	2	,	,	PUNCT
cjfa-3240	186	3	following	follow	VERB
cjfa-3240	186	4	the	the	DET
cjfa-3240	186	5	previous	previous	ADJ
cjfa-3240	186	6	empirical	empirical	ADJ
cjfa-3240	186	7	approaches	approach	NOUN
cjfa-3240	186	8	and	and	CCONJ
cjfa-3240	186	9	in	in	ADP
cjfa-3240	186	10	order	order	NOUN
cjfa-3240	186	11	to	to	PART
cjfa-3240	186	12	catch	catch	VERB
cjfa-3240	186	13	the	the	DET
cjfa-3240	186	14	non	non	ADJ
cjfa-3240	186	15	linear	linear	ADJ
cjfa-3240	186	16	effect	effect	NOUN
cjfa-3240	186	17	of	of	ADP
cjfa-3240	186	18	the	the	DET
cjfa-3240	186	19	board	board	NOUN
cjfa-3240	186	20	size	size	NOUN
cjfa-3240	186	21	we	we	PRON
cjfa-3240	186	22	have	have	AUX
cjfa-3240	186	23	also	also	ADV
cjfa-3240	186	24	included	include	VERB
cjfa-3240	186	25	the	the	DET
cjfa-3240	186	26	square	square	NOUN
cjfa-3240	186	27	of	of	ADP
cjfa-3240	186	28	this	this	DET
cjfa-3240	186	29	variable	variable	NOUN
cjfa-3240	186	30	,	,	PUNCT
cjfa-3240	186	31	expecting	expect	VERB
cjfa-3240	186	32	the	the	DET
cjfa-3240	186	33	opposite	opposite	ADJ
cjfa-3240	186	34	effect	effect	NOUN
cjfa-3240	186	35	on	on	ADP
cjfa-3240	186	36	the	the	DET
cjfa-3240	186	37	board	board	NOUN
cjfa-3240	186	38	compensation	compensation	NOUN
cjfa-3240	186	39	.	.	PUNCT
cjfa-3240	187	1	regarding	regard	VERB
cjfa-3240	187	2	to	to	ADP
cjfa-3240	187	3	the	the	DET
cjfa-3240	187	4	type	type	NOUN
cjfa-3240	187	5	of	of	ADP
cjfa-3240	187	6	compensation	compensation	NOUN
cjfa-3240	187	7	,	,	PUNCT
cjfa-3240	187	8	it	it	PRON
cjfa-3240	187	9	is	be	AUX
cjfa-3240	187	10	expected	expect	VERB
cjfa-3240	187	11	that	that	SCONJ
cjfa-3240	187	12	all	all	DET
cjfa-3240	187	13	explanatory	explanatory	ADJ
cjfa-3240	187	14	variables	variable	NOUN
cjfa-3240	187	15	show	show	VERB
cjfa-3240	187	16	the	the	DET
cjfa-3240	187	17	expected	expect	VERB
cjfa-3240	187	18	relationship	relationship	NOUN
cjfa-3240	187	19	with	with	ADP
cjfa-3240	187	20	the	the	DET
cjfa-3240	187	21	dependent	dependent	ADJ
cjfa-3240	187	22	variable	variable	NOUN
cjfa-3240	187	23	,	,	PUNCT
cjfa-3240	187	24	except	except	SCONJ
cjfa-3240	187	25	for	for	ADP
cjfa-3240	187	26	salary	salary	NOUN
cjfa-3240	187	27	fees	fee	NOUN
cjfa-3240	187	28	and	and	CCONJ
cjfa-3240	187	29	attendances	attendance	NOUN
cjfa-3240	187	30	fees	fee	NOUN
cjfa-3240	187	31	,	,	PUNCT
cjfa-3240	187	32	with	with	ADP
cjfa-3240	187	33	no	no	DET
cjfa-3240	187	34	expected	expect	VERB
cjfa-3240	187	35	significant	significant	ADJ
cjfa-3240	187	36	relationships	relationship	NOUN
cjfa-3240	187	37	,	,	PUNCT
cjfa-3240	187	38	according	accord	VERB
cjfa-3240	187	39	to	to	ADP
cjfa-3240	187	40	the	the	DET
cjfa-3240	187	41	previous	previous	ADJ
cjfa-3240	187	42	explanations	explanation	NOUN
cjfa-3240	187	43	.	.	PUNCT
cjfa-3240	188	1	also	also	ADV
cjfa-3240	188	2	,	,	PUNCT
cjfa-3240	188	3	we	we	PRON
cjfa-3240	188	4	have	have	AUX
cjfa-3240	188	5	considered	consider	VERB
cjfa-3240	188	6	the	the	DET
cjfa-3240	188	7	temporal	temporal	ADJ
cjfa-3240	188	8	persistence	persistence	NOUN
cjfa-3240	188	9	of	of	ADP
cjfa-3240	188	10	the	the	DET
cjfa-3240	188	11	payment	payment	NOUN
cjfa-3240	188	12	,	,	PUNCT
cjfa-3240	188	13	including	include	VERB
cjfa-3240	188	14	in	in	ADP
cjfa-3240	188	15	the	the	DET
cjfa-3240	188	16	model	model	NOUN
cjfa-3240	188	17	the	the	DET
cjfa-3240	188	18	first	first	ADJ
cjfa-3240	188	19	lag	lag	NOUN
cjfa-3240	188	20	of	of	ADP
cjfa-3240	188	21	the	the	DET
cjfa-3240	188	22	dependent	dependent	ADJ
cjfa-3240	188	23	variable	variable	NOUN
cjfa-3240	188	24	.	.	PUNCT
cjfa-3240	189	1	so	so	ADV
cjfa-3240	189	2	we	we	PRON
cjfa-3240	189	3	expect	expect	VERB
cjfa-3240	189	4	a	a	DET
cjfa-3240	189	5	positive	positive	ADJ
cjfa-3240	189	6	relationship	relationship	NOUN
cjfa-3240	189	7	between	between	ADP
cjfa-3240	189	8	the	the	DET
cjfa-3240	189	9	lag	lag	NOUN
cjfa-3240	189	10	of	of	ADP
cjfa-3240	189	11	remuneration	remuneration	NOUN
cjfa-3240	189	12	and	and	CCONJ
cjfa-3240	189	13	remuneration	remuneration	NOUN
cjfa-3240	189	14	in	in	ADP
cjfa-3240	189	15	the	the	DET
cjfa-3240	189	16	study	study	NOUN
cjfa-3240	189	17	year	year	NOUN
cjfa-3240	189	18	(	(	PUNCT
cjfa-3240	189	19	lilling	lille	VERB
cjfa-3240	189	20	,	,	PUNCT
cjfa-3240	189	21	2006	2006	NUM
cjfa-3240	189	22	;	;	PUNCT
cjfa-3240	189	23	canarella	canarella	NOUN
cjfa-3240	189	24	,	,	PUNCT
cjfa-3240	189	25	nourayi	nourayi	NOUN
cjfa-3240	189	26	2008	2008	NUM
cjfa-3240	189	27	)	)	PUNCT
cjfa-3240	189	28	.	.	PUNCT
cjfa-3240	190	1	in	in	ADP
cjfa-3240	190	2	addition	addition	NOUN
cjfa-3240	190	3	,	,	PUNCT
cjfa-3240	190	4	to	to	PART
cjfa-3240	190	5	avoid	avoid	VERB
cjfa-3240	190	6	problems	problem	NOUN
cjfa-3240	190	7	of	of	ADP
cjfa-3240	190	8	endogeneity	endogeneity	NOUN
cjfa-3240	190	9	of	of	ADP
cjfa-3240	190	10	some	some	DET
cjfa-3240	190	11	variables	variable	NOUN
cjfa-3240	190	12	of	of	ADP
cjfa-3240	190	13	corporate	corporate	ADJ
cjfa-3240	190	14	governance	governance	NOUN
cjfa-3240	190	15	(	(	PUNCT
cjfa-3240	190	16	andrés	andrés	ADV
cjfa-3240	190	17	,	,	PUNCT
cjfa-3240	190	18	vallelado	vallelado	NOUN
cjfa-3240	190	19	2008	2008	NUM
cjfa-3240	190	20	;	;	PUNCT
cjfa-3240	190	21	coles	coles	PROPN
cjfa-3240	190	22	et	et	PROPN
cjfa-3240	190	23	al	al	PROPN
cjfa-3240	190	24	.	.	PROPN
cjfa-3240	190	25	2008	2008	NUM
cjfa-3240	190	26	)	)	PUNCT
cjfa-3240	191	1	we	we	PRON
cjfa-3240	191	2	used	use	VERB
cjfa-3240	191	3	the	the	DET
cjfa-3240	191	4	corrections	correction	NOUN
cjfa-3240	191	5	over	over	ADP
cjfa-3240	191	6	panel	panel	NOUN
cjfa-3240	191	7	data	datum	NOUN
cjfa-3240	191	8	proposed	propose	VERB
cjfa-3240	191	9	by	by	ADP
cjfa-3240	191	10	arellano	arellano	PROPN
cjfa-3240	191	11	and	and	CCONJ
cjfa-3240	191	12	bond	bond	NOUN
cjfa-3240	191	13	(	(	PUNCT
cjfa-3240	191	14	1991	1991	NUM
cjfa-3240	191	15	)	)	PUNCT
cjfa-3240	191	16	and	and	CCONJ
cjfa-3240	191	17	blundell	blundell	NOUN
cjfa-3240	191	18	and	and	CCONJ
cjfa-3240	191	19	bond	bond	NOUN
cjfa-3240	191	20	(	(	PUNCT
cjfa-3240	191	21	1998	1998	NUM
cjfa-3240	191	22	)	)	PUNCT
cjfa-3240	191	23	.	.	PUNCT
cjfa-3240	192	1	thus	thus	ADV
cjfa-3240	192	2	,	,	PUNCT
cjfa-3240	192	3	different	different	ADJ
cjfa-3240	192	4	variants	variant	NOUN
cjfa-3240	192	5	of	of	ADP
cjfa-3240	192	6	the	the	DET
cjfa-3240	192	7	general	general	ADJ
cjfa-3240	192	8	model	model	NOUN
cjfa-3240	192	9	were	be	AUX
cjfa-3240	192	10	estimated	estimate	VERB
cjfa-3240	192	11	based	base	VERB
cjfa-3240	192	12	on	on	ADP
cjfa-3240	192	13	the	the	DET
cjfa-3240	192	14	structure	structure	NOUN
cjfa-3240	192	15	of	of	ADP
cjfa-3240	192	16	compensation	compensation	NOUN
cjfa-3240	192	17	(	(	PUNCT
cjfa-3240	192	18	fixed	fix	VERB
cjfa-3240	192	19	compensation	compensation	NOUN
cjfa-3240	192	20	,	,	PUNCT
cjfa-3240	192	21	variable	variable	ADJ
cjfa-3240	192	22	compensation	compensation	NOUN
cjfa-3240	192	23	,	,	PUNCT
cjfa-3240	192	24	salary	salary	NOUN
cjfa-3240	192	25	fees	fee	NOUN
cjfa-3240	192	26	,	,	PUNCT
cjfa-3240	192	27	attendance	attendance	NOUN
cjfa-3240	192	28	fees	fee	NOUN
cjfa-3240	192	29	and	and	CCONJ
cjfa-3240	192	30	other	other	ADJ
cjfa-3240	192	31	perquisites	perquisite	NOUN
cjfa-3240	192	32	)	)	PUNCT
cjfa-3240	192	33	.	.	PUNCT
cjfa-3240	193	1	industry	industry	NOUN
cjfa-3240	193	2	and	and	CCONJ
cjfa-3240	193	3	yearly	yearly	ADJ
cjfa-3240	193	4	indicator	indicator	NOUN
cjfa-3240	193	5	variables	variable	NOUN
cjfa-3240	193	6	are	be	AUX
cjfa-3240	193	7	included	include	VERB
cjfa-3240	193	8	in	in	ADP
cjfa-3240	193	9	all	all	DET
cjfa-3240	193	10	models	model	NOUN
cjfa-3240	193	11	to	to	PART
cjfa-3240	193	12	capture	capture	VERB
cjfa-3240	193	13	potential	potential	ADJ
cjfa-3240	193	14	impact	impact	NOUN
cjfa-3240	193	15	in	in	ADP
cjfa-3240	193	16	director	director	NOUN
cjfa-3240	193	17	payments	payment	NOUN
cjfa-3240	193	18	across	across	ADP
cjfa-3240	193	19	industries	industry	NOUN
cjfa-3240	193	20	and	and	CCONJ
cjfa-3240	193	21	years	year	NOUN
cjfa-3240	193	22	.	.	PUNCT
cjfa-3240	194	1	4	4	X
cjfa-3240	194	2	.	.	X
cjfa-3240	194	3	results	result	VERB
cjfa-3240	194	4	descriptive	descriptive	ADJ
cjfa-3240	194	5	statistics	statistic	NOUN
cjfa-3240	194	6	the	the	DET
cjfa-3240	194	7	mean	mean	ADJ
cjfa-3240	194	8	,	,	PUNCT
cjfa-3240	194	9	rate	rate	NOUN
cjfa-3240	194	10	of	of	ADP
cjfa-3240	194	11	change	change	NOUN
cjfa-3240	194	12	,	,	PUNCT
cjfa-3240	194	13	standard	standard	ADJ
cjfa-3240	194	14	deviation	deviation	NOUN
cjfa-3240	194	15	,	,	PUNCT
cjfa-3240	194	16	minimum	minimum	NOUN
cjfa-3240	194	17	and	and	CCONJ
cjfa-3240	194	18	maximum	maximum	ADJ
cjfa-3240	194	19	for	for	ADP
cjfa-3240	194	20	the	the	DET
cjfa-3240	194	21	payments	payment	NOUN
cjfa-3240	194	22	received	receive	VERB
cjfa-3240	194	23	by	by	ADP
cjfa-3240	194	24	members	member	NOUN
cjfa-3240	194	25	of	of	ADP
cjfa-3240	194	26	the	the	DET
cjfa-3240	194	27	board	board	NOUN
cjfa-3240	194	28	,	,	PUNCT
cjfa-3240	194	29	according	accord	VERB
cjfa-3240	194	30	to	to	ADP
cjfa-3240	194	31	type	type	NOUN
cjfa-3240	194	32	of	of	ADP
cjfa-3240	194	33	compensation	compensation	NOUN
cjfa-3240	194	34	,	,	PUNCT
cjfa-3240	194	35	is	be	AUX
cjfa-3240	194	36	reported	report	VERB
cjfa-3240	194	37	in	in	ADP
cjfa-3240	194	38	table	table	NOUN
cjfa-3240	194	39	2	2	NUM
cjfa-3240	194	40	.	.	PUNCT
cjfa-3240	195	1	ta	ta	X
cjfa-3240	195	2	bl	bl	PROPN
cjfa-3240	195	3	e	e	PROPN
cjfa-3240	195	4	2	2	NUM
cjfa-3240	195	5	.	.	PUNCT
cjfa-3240	196	1	d	d	NOUN
cjfa-3240	196	2	es	es	X
cjfa-3240	196	3	cr	cr	NOUN
cjfa-3240	196	4	ip	ip	NOUN
cjfa-3240	196	5	ti	ti	NOUN
cjfa-3240	196	6	ve	ve	NOUN
cjfa-3240	196	7	s	s	VERB
cjfa-3240	196	8	ta	ta	X
cjfa-3240	196	9	ti	ti	PROPN
cjfa-3240	196	10	st	st	PROPN
cjfa-3240	197	1	ic	ic	PROPN
cjfa-3240	197	2	s	s	PROPN
cjfa-3240	197	3	o	o	PROPN
cjfa-3240	197	4	n	n	CCONJ
cjfa-3240	197	5	bo	bo	PROPN
cjfa-3240	197	6	ar	ar	PROPN
cjfa-3240	197	7	d	d	PROPN
cjfa-3240	197	8	of	of	ADP
cjfa-3240	197	9	d	d	PROPN
cjfa-3240	197	10	ir	ir	PROPN
cjfa-3240	197	11	ec	ec	PROPN
cjfa-3240	197	12	to	to	ADP
cjfa-3240	197	13	r	r	PROPN
cjfa-3240	197	14	c	c	PROPN
cjfa-3240	198	1	om	om	INTJ
cjfa-3240	199	1	pe	pe	INTJ
cjfa-3240	200	1	ns	ns	INTJ
cjfa-3240	201	1	at	at	ADP
cjfa-3240	201	2	io	io	PROPN
cjfa-3240	201	3	n	n	PART
cjfa-3240	201	4	by	by	ADP
cjfa-3240	201	5	t	t	PROPN
cjfa-3240	201	6	yp	yp	X
cjfa-3240	201	7	e	e	PROPN
cjfa-3240	201	8	of	of	ADP
cjfa-3240	201	9	r	r	NOUN
cjfa-3240	201	10	em	em	PRON
cjfa-3240	201	11	un	un	PROPN
cjfa-3240	201	12	er	er	INTJ
cjfa-3240	201	13	at	at	ADP
cjfa-3240	201	14	io	io	PROPN
cjfa-3240	201	15	na	na	PROPN
cjfa-3240	201	16	va	va	PROPN
cjfa-3240	201	17	ri	ri	PROPN
cjfa-3240	201	18	ab	ab	PROPN
cjfa-3240	201	19	le	le	PROPN
cjfa-3240	201	20	20	20	NUM
cjfa-3240	201	21	04	04	NUM
cjfa-3240	201	22	20	20	NUM
cjfa-3240	201	23	05	05	NUM
cjfa-3240	201	24	20	20	NUM
cjfa-3240	201	25	06	06	NUM
cjfa-3240	201	26	20	20	NUM
cjfa-3240	201	27	07	07	NUM
cjfa-3240	201	28	20	20	NUM
cjfa-3240	201	29	08	08	NUM
cjfa-3240	201	30	20	20	NUM
cjfa-3240	201	31	09	09	NUM
cjfa-3240	201	32	to	to	ADP
cjfa-3240	201	33	ta	ta	PROPN
cjfa-3240	202	1	l	l	NOUN
cjfa-3240	202	2	c	c	NOUN
cjfa-3240	203	1	om	om	INTJ
cjfa-3240	203	2	pe	pe	INTJ
cjfa-3240	203	3	ns	ns	INTJ
cjfa-3240	203	4	at	at	ADP
cjfa-3240	203	5	io	io	PROPN
cjfa-3240	203	6	n	n	PART
cjfa-3240	203	7	by	by	ADP
cjfa-3240	203	8	m	m	PRON
cjfa-3240	203	9	em	em	PRON
cjfa-3240	203	10	be	be	AUX
cjfa-3240	204	1	r	r	NOUN
cjfa-3240	204	2	o	o	NOUN
cjfa-3240	205	1	f	f	NOUN
cjfa-3240	206	1	t	t	NOUN
cjfa-3240	207	1	he	he	PRON
cjfa-3240	208	1	b	b	PROPN
cjfa-3240	209	1	oa	oa	INTJ
cjfa-3240	209	2	rd	rd	NOUN
cjfa-3240	210	1	o	o	NOUN
cjfa-3240	210	2	f	f	X
cjfa-3240	211	1	d	d	NOUN
cjfa-3240	211	2	ire	ire	VERB
cjfa-3240	211	3	ct	ct	NOUN
cjfa-3240	211	4	or	or	CCONJ
cjfa-3240	211	5	s	s	NOUN
cjfa-3240	211	6	m	m	NOUN
cjfa-3240	211	7	ea	ea	NOUN
cjfa-3240	211	8	n	n	ADV
cjfa-3240	211	9	19	19	NUM
cjfa-3240	211	10	4	4	NUM
cjfa-3240	211	11	,	,	PUNCT
cjfa-3240	211	12	04	04	NUM
cjfa-3240	211	13	1	1	NUM
cjfa-3240	211	14	.	.	X
cjfa-3240	211	15	77	77	NUM
cjfa-3240	211	16	20	20	NUM
cjfa-3240	211	17	7	7	NUM
cjfa-3240	211	18	,	,	PUNCT
cjfa-3240	211	19	06	06	NUM
cjfa-3240	211	20	3	3	NUM
cjfa-3240	211	21	.	.	NOUN
cjfa-3240	211	22	00	00	NUM
cjfa-3240	212	1	27	27	NUM
cjfa-3240	212	2	4	4	NUM
cjfa-3240	212	3	,	,	PUNCT
cjfa-3240	212	4	05	05	NUM
cjfa-3240	212	5	7	7	NUM
cjfa-3240	212	6	.	.	NUM
cjfa-3240	212	7	89	89	NUM
cjfa-3240	212	8	27	27	NUM
cjfa-3240	212	9	0	0	NUM
cjfa-3240	212	10	,	,	PUNCT
cjfa-3240	212	11	62	62	NUM
cjfa-3240	212	12	2	2	NUM
cjfa-3240	212	13	.	.	NOUN
cjfa-3240	212	14	96	96	NUM
cjfa-3240	212	15	29	29	NUM
cjfa-3240	212	16	4	4	NUM
cjfa-3240	212	17	,	,	PUNCT
cjfa-3240	212	18	11	11	NUM
cjfa-3240	212	19	0	0	NUM
cjfa-3240	212	20	.	.	PUNCT
cjfa-3240	213	1	55	55	NUM
cjfa-3240	213	2	27	27	NUM
cjfa-3240	213	3	3	3	NUM
cjfa-3240	213	4	,	,	PUNCT
cjfa-3240	213	5	83	83	NUM
cjfa-3240	213	6	1	1	NUM
cjfa-3240	213	7	.	.	X
cjfa-3240	213	8	32	32	NUM
cjfa-3240	213	9	ra	ra	INTJ
cjfa-3240	214	1	te	te	INTJ
cjfa-3240	214	2	o	o	X
cjfa-3240	214	3	f	f	PROPN
cjfa-3240	214	4	ch	ch	PROPN
cjfa-3240	214	5	an	an	DET
cjfa-3240	214	6	ge	ge	PROPN
cjfa-3240	214	7	6	6	NUM
cjfa-3240	214	8	.	.	PUNCT
cjfa-3240	214	9	71	71	NUM
cjfa-3240	214	10	32	32	NUM
cjfa-3240	214	11	.3	.3	NUM
cjfa-3240	214	12	5	5	NUM
cjfa-3240	214	13	-1	-1	NOUN
cjfa-3240	214	14	.2	.2	NUM
cjfa-3240	214	15	5	5	NUM
cjfa-3240	214	16	8	8	NUM
cjfa-3240	214	17	.	.	PUNCT
cjfa-3240	215	1	68	68	NUM
cjfa-3240	216	1	-6	-6	NUM
cjfa-3240	216	2	.8	.8	NUM
cjfa-3240	216	3	9	9	NUM
cjfa-3240	216	4	st	st	PROPN
cjfa-3240	216	5	.	.	PUNCT
cjfa-3240	217	1	d	d	PROPN
cjfa-3240	217	2	ev	ev	PROPN
cjfa-3240	217	3	.	.	PROPN
cjfa-3240	217	4	21	21	NUM
cjfa-3240	217	5	5	5	NUM
cjfa-3240	217	6	,	,	PUNCT
cjfa-3240	217	7	26	26	NUM
cjfa-3240	217	8	2	2	NUM
cjfa-3240	217	9	.	.	PUNCT
cjfa-3240	217	10	86	86	NUM
cjfa-3240	217	11	23	23	NUM
cjfa-3240	217	12	6	6	NUM
cjfa-3240	217	13	,	,	PUNCT
cjfa-3240	217	14	48	48	NUM
cjfa-3240	217	15	5	5	NUM
cjfa-3240	217	16	.	.	PUNCT
cjfa-3240	218	1	90	90	NUM
cjfa-3240	218	2	37	37	NUM
cjfa-3240	218	3	8	8	NUM
cjfa-3240	218	4	,	,	PUNCT
cjfa-3240	218	5	72	72	NUM
cjfa-3240	218	6	0	0	NUM
cjfa-3240	218	7	.	.	PUNCT
cjfa-3240	219	1	96	96	NUM
cjfa-3240	219	2	33	33	NUM
cjfa-3240	219	3	7	7	NUM
cjfa-3240	219	4	,	,	PUNCT
cjfa-3240	219	5	40	40	NUM
cjfa-3240	219	6	2	2	NUM
cjfa-3240	219	7	.	.	NUM
cjfa-3240	219	8	01	01	NUM
cjfa-3240	219	9	41	41	NUM
cjfa-3240	219	10	2	2	NUM
cjfa-3240	219	11	,	,	PUNCT
cjfa-3240	219	12	95	95	NUM
cjfa-3240	219	13	6	6	NUM
cjfa-3240	219	14	.	.	NOUN
cjfa-3240	219	15	20	20	NUM
cjfa-3240	219	16	32	32	NUM
cjfa-3240	219	17	4	4	NUM
cjfa-3240	219	18	,	,	PUNCT
cjfa-3240	219	19	44	44	NUM
cjfa-3240	219	20	9	9	NUM
cjfa-3240	219	21	.	.	PUNCT
cjfa-3240	220	1	41	41	NUM
cjfa-3240	220	2	m	m	NOUN
cjfa-3240	220	3	in	in	ADP
cjfa-3240	220	4	0	0	NUM
cjfa-3240	220	5	0	0	NUM
cjfa-3240	220	6	14	14	NUM
cjfa-3240	220	7	,	,	PUNCT
cjfa-3240	220	8	2	2	NUM
cjfa-3240	220	9	50	50	NUM
cjfa-3240	220	10	.0	.0	NUM
cjfa-3240	220	11	0	0	NUM
cjfa-3240	220	12	17	17	NUM
cjfa-3240	220	13	,	,	PUNCT
cjfa-3240	220	14	1	1	NUM
cjfa-3240	220	15	42	42	NUM
cjfa-3240	220	16	.8	.8	NUM
cjfa-3240	220	17	6	6	NUM
cjfa-3240	220	18	21	21	NUM
cjfa-3240	220	19	,	,	PUNCT
cjfa-3240	220	20	3	3	NUM
cjfa-3240	220	21	63	63	NUM
cjfa-3240	220	22	.6	.6	NUM
cjfa-3240	220	23	4	4	NUM
cjfa-3240	220	24	15	15	NUM
cjfa-3240	220	25	,	,	PUNCT
cjfa-3240	220	26	8	8	NUM
cjfa-3240	220	27	88	88	NUM
cjfa-3240	220	28	.8	.8	NUM
cjfa-3240	220	29	9	9	NUM
cjfa-3240	220	30	m	m	NOUN
cjfa-3240	220	31	ax	ax	NOUN
cjfa-3240	220	32	1	1	NUM
cjfa-3240	220	33	,	,	PUNCT
cjfa-3240	220	34	04	04	NUM
cjfa-3240	220	35	2	2	NUM
cjfa-3240	220	36	,	,	PUNCT
cjfa-3240	220	37	46	46	NUM
cjfa-3240	220	38	6	6	NUM
cjfa-3240	220	39	.	.	PUNCT
cjfa-3240	220	40	67	67	NUM
cjfa-3240	220	41	1	1	NUM
cjfa-3240	220	42	,	,	PUNCT
cjfa-3240	220	43	38	38	NUM
cjfa-3240	220	44	1	1	NUM
cjfa-3240	220	45	,	,	PUNCT
cjfa-3240	220	46	71	71	NUM
cjfa-3240	220	47	4	4	NUM
cjfa-3240	220	48	.	.	NOUN
cjfa-3240	220	49	29	29	NUM
cjfa-3240	220	50	2	2	NUM
cjfa-3240	220	51	,	,	PUNCT
cjfa-3240	220	52	01	01	NUM
cjfa-3240	220	53	6	6	NUM
cjfa-3240	220	54	,	,	PUNCT
cjfa-3240	220	55	07	07	NUM
cjfa-3240	220	56	6	6	NUM
cjfa-3240	220	57	.	.	PUNCT
cjfa-3240	220	58	92	92	NUM
cjfa-3240	220	59	2	2	NUM
cjfa-3240	220	60	,	,	PUNCT
cjfa-3240	220	61	27	27	NUM
cjfa-3240	220	62	4	4	NUM
cjfa-3240	220	63	,	,	PUNCT
cjfa-3240	220	64	90	90	NUM
cjfa-3240	220	65	0	0	NUM
cjfa-3240	220	66	.	.	PUNCT
cjfa-3240	220	67	00	00	NUM
cjfa-3240	221	1	2	2	NUM
cjfa-3240	221	2	,	,	PUNCT
cjfa-3240	221	3	69	69	NUM
cjfa-3240	221	4	0	0	NUM
cjfa-3240	221	5	,	,	PUNCT
cjfa-3240	221	6	40	40	NUM
cjfa-3240	221	7	0	0	NUM
cjfa-3240	221	8	.	.	PUNCT
cjfa-3240	221	9	00	00	NUM
cjfa-3240	222	1	2	2	NUM
cjfa-3240	222	2	,	,	PUNCT
cjfa-3240	222	3	03	03	NUM
cjfa-3240	222	4	6	6	NUM
cjfa-3240	222	5	,	,	PUNCT
cjfa-3240	222	6	33	33	NUM
cjfa-3240	222	7	3	3	NUM
cjfa-3240	222	8	.	.	X
cjfa-3240	223	1	33	33	NUM
cjfa-3240	223	2	fi	fi	NOUN
cjfa-3240	223	3	xe	xe	PROPN
cjfa-3240	223	4	d	d	X
cjfa-3240	223	5	co	co	NOUN
cjfa-3240	223	6	m	m	VERB
cjfa-3240	223	7	pe	pe	INTJ
cjfa-3240	223	8	ns	ns	INTJ
cjfa-3240	223	9	at	at	ADP
cjfa-3240	223	10	io	io	PROPN
cjfa-3240	223	11	n	n	PROPN
cjfa-3240	223	12	of	of	ADP
cjfa-3240	223	13	th	th	X
cjfa-3240	223	14	e	e	NOUN
cjfa-3240	223	15	bo	bo	PROPN
cjfa-3240	223	16	ar	ar	PROPN
cjfa-3240	223	17	d	d	PROPN
cjfa-3240	223	18	of	of	ADP
cjfa-3240	223	19	d	d	PRON
cjfa-3240	223	20	ire	ire	VERB
cjfa-3240	223	21	ct	ct	NOUN
cjfa-3240	223	22	or	or	CCONJ
cjfa-3240	223	23	s	s	NOUN
cjfa-3240	223	24	€	€	NUM
cjfa-3240	223	25	%	%	NOUN
cjfa-3240	223	26	€	€	NUM
cjfa-3240	223	27	%	%	NOUN
cjfa-3240	223	28	€	€	NUM
cjfa-3240	223	29	%	%	NOUN
cjfa-3240	223	30	€	€	NUM
cjfa-3240	223	31	%	%	NOUN
cjfa-3240	223	32	€	€	NUM
cjfa-3240	223	33	%	%	NOUN
cjfa-3240	223	34	€	€	NUM
cjfa-3240	223	35	%	%	NOUN
cjfa-3240	223	36	m	m	NOUN
cjfa-3240	223	37	ea	ea	NOUN
cjfa-3240	223	38	n	n	ADP
cjfa-3240	223	39	66	66	NUM
cjfa-3240	223	40	,	,	PUNCT
cjfa-3240	223	41	4	4	NUM
cjfa-3240	223	42	23	23	NUM
cjfa-3240	223	43	.0	.0	NUM
cjfa-3240	223	44	8	8	NUM
cjfa-3240	223	45	34	34	NUM
cjfa-3240	223	46	.2	.2	NUM
cjfa-3240	223	47	3	3	NUM
cjfa-3240	223	48	68	68	NUM
cjfa-3240	223	49	,	,	PUNCT
cjfa-3240	223	50	4	4	NUM
cjfa-3240	223	51	52	52	NUM
cjfa-3240	223	52	.3	.3	NUM
cjfa-3240	223	53	8	8	NUM
cjfa-3240	223	54	33	33	NUM
cjfa-3240	223	55	.0	.0	NUM
cjfa-3240	223	56	6	6	NUM
cjfa-3240	223	57	77	77	NUM
cjfa-3240	223	58	,	,	PUNCT
cjfa-3240	223	59	9	9	NUM
cjfa-3240	223	60	42	42	NUM
cjfa-3240	223	61	.4	.4	NUM
cjfa-3240	223	62	4	4	NUM
cjfa-3240	223	63	28	28	NUM
cjfa-3240	223	64	.4	.4	NUM
cjfa-3240	223	65	4	4	NUM
cjfa-3240	223	66	84	84	NUM
cjfa-3240	223	67	,	,	PUNCT
cjfa-3240	223	68	0	0	NUM
cjfa-3240	223	69	30	30	NUM
cjfa-3240	223	70	.8	.8	NUM
cjfa-3240	223	71	5	5	NUM
cjfa-3240	223	72	31	31	NUM
cjfa-3240	223	73	.0	.0	NUM
cjfa-3240	223	74	5	5	NUM
cjfa-3240	223	75	83	83	NUM
cjfa-3240	223	76	,	,	PUNCT
cjfa-3240	223	77	8	8	NUM
cjfa-3240	223	78	05	05	NUM
cjfa-3240	223	79	.2	.2	NUM
cjfa-3240	223	80	0	0	NUM
cjfa-3240	223	81	28	28	NUM
cjfa-3240	223	82	.4	.4	NUM
cjfa-3240	223	83	9	9	NUM
cjfa-3240	223	84	85	85	NUM
cjfa-3240	223	85	,	,	PUNCT
cjfa-3240	223	86	8	8	NUM
cjfa-3240	223	87	75	75	NUM
cjfa-3240	223	88	.4	.4	NUM
cjfa-3240	223	89	9	9	NUM
cjfa-3240	223	90	31	31	NUM
cjfa-3240	223	91	.3	.3	NUM
cjfa-3240	223	92	6	6	NUM
cjfa-3240	223	93	ra	ra	NOUN
cjfa-3240	223	94	te	te	INTJ
cjfa-3240	223	95	o	o	X
cjfa-3240	223	96	f	f	PROPN
cjfa-3240	223	97	ch	ch	PROPN
cjfa-3240	223	98	an	an	DET
cjfa-3240	223	99	ge	ge	PROPN
cjfa-3240	223	100	3	3	NUM
cjfa-3240	223	101	.	.	PROPN
cjfa-3240	223	102	06	06	NUM
cjfa-3240	223	103	13	13	NUM
cjfa-3240	223	104	.8	.8	NUM
cjfa-3240	223	105	6	6	NUM
cjfa-3240	223	106	7	7	NUM
cjfa-3240	223	107	.	.	NUM
cjfa-3240	224	1	81	81	NUM
cjfa-3240	224	2	-0	-0	INTJ
cjfa-3240	224	3	.2	.2	NUM
cjfa-3240	224	4	7	7	NUM
cjfa-3240	224	5	2	2	NUM
cjfa-3240	224	6	.	.	X
cjfa-3240	224	7	47	47	NUM
cjfa-3240	224	8	st	st	PROPN
cjfa-3240	224	9	.	.	PUNCT
cjfa-3240	225	1	d	d	PROPN
cjfa-3240	225	2	ev	ev	INTJ
cjfa-3240	225	3	.	.	PROPN
cjfa-3240	226	1	74	74	NUM
cjfa-3240	226	2	,	,	PUNCT
cjfa-3240	226	3	2	2	NUM
cjfa-3240	226	4	22	22	NUM
cjfa-3240	226	5	.8	.8	NUM
cjfa-3240	226	6	8	8	NUM
cjfa-3240	226	7	73	73	NUM
cjfa-3240	226	8	,	,	PUNCT
cjfa-3240	226	9	4	4	NUM
cjfa-3240	226	10	63	63	NUM
cjfa-3240	226	11	.6	.6	NUM
cjfa-3240	226	12	6	6	NUM
cjfa-3240	226	13	79	79	NUM
cjfa-3240	226	14	,	,	PUNCT
cjfa-3240	226	15	8	8	NUM
cjfa-3240	226	16	23	23	NUM
cjfa-3240	226	17	.8	.8	NUM
cjfa-3240	226	18	4	4	NUM
cjfa-3240	226	19	89	89	NUM
cjfa-3240	226	20	,	,	PUNCT
cjfa-3240	226	21	1	1	NUM
cjfa-3240	226	22	18	18	NUM
cjfa-3240	226	23	.7	.7	NUM
cjfa-3240	226	24	6	6	NUM
cjfa-3240	226	25	92	92	NUM
cjfa-3240	226	26	,	,	PUNCT
cjfa-3240	226	27	2	2	NUM
cjfa-3240	226	28	19	19	NUM
cjfa-3240	226	29	.4	.4	NUM
cjfa-3240	226	30	7	7	NUM
cjfa-3240	226	31	93	93	NUM
cjfa-3240	226	32	,	,	PUNCT
cjfa-3240	226	33	4	4	NUM
cjfa-3240	226	34	95	95	NUM
cjfa-3240	226	35	.7	.7	NUM
cjfa-3240	226	36	5	5	NUM
cjfa-3240	226	37	m	m	NOUN
cjfa-3240	226	38	in	in	ADP
cjfa-3240	226	39	0	0	NUM
cjfa-3240	226	40	0	0	NUM
cjfa-3240	226	41	0	0	NUM
cjfa-3240	226	42	0	0	NUM
cjfa-3240	226	43	0	0	NUM
cjfa-3240	226	44	0	0	NUM
cjfa-3240	226	45	m	m	NOUN
cjfa-3240	226	46	ax	ax	NOUN
cjfa-3240	226	47	48	48	NUM
cjfa-3240	226	48	1	1	NUM
cjfa-3240	226	49	,	,	PUNCT
cjfa-3240	226	50	07	07	NUM
cjfa-3240	226	51	1	1	NUM
cjfa-3240	226	52	.	.	X
cjfa-3240	227	1	43	43	NUM
cjfa-3240	227	2	43	43	NUM
cjfa-3240	227	3	2	2	NUM
cjfa-3240	227	4	,	,	PUNCT
cjfa-3240	227	5	64	64	NUM
cjfa-3240	227	6	2	2	NUM
cjfa-3240	227	7	.	.	NUM
cjfa-3240	227	8	86	86	NUM
cjfa-3240	227	9	47	47	NUM
cjfa-3240	227	10	3	3	NUM
cjfa-3240	227	11	,	,	PUNCT
cjfa-3240	227	12	28	28	NUM
cjfa-3240	227	13	5	5	NUM
cjfa-3240	227	14	.	.	PUNCT
cjfa-3240	228	1	71	71	NUM
cjfa-3240	228	2	47	47	NUM
cjfa-3240	228	3	9	9	NUM
cjfa-3240	228	4	,	,	PUNCT
cjfa-3240	228	5	06	06	NUM
cjfa-3240	228	6	2	2	NUM
cjfa-3240	228	7	.	.	NOUN
cjfa-3240	228	8	50	50	NUM
cjfa-3240	228	9	50	50	NUM
cjfa-3240	228	10	5	5	NUM
cjfa-3240	228	11	,	,	PUNCT
cjfa-3240	228	12	81	81	NUM
cjfa-3240	228	13	2	2	NUM
cjfa-3240	228	14	.	.	X
cjfa-3240	228	15	50	50	NUM
cjfa-3240	228	16	51	51	NUM
cjfa-3240	228	17	1	1	NUM
cjfa-3240	228	18	,	,	PUNCT
cjfa-3240	228	19	43	43	NUM
cjfa-3240	228	20	7	7	NUM
cjfa-3240	228	21	.	.	NUM
cjfa-3240	228	22	50	50	NUM
cjfa-3240	228	23	va	va	NOUN
cjfa-3240	228	24	ria	ria	PROPN
cjfa-3240	228	25	bl	bl	PROPN
cjfa-3240	228	26	e	e	PROPN
cjfa-3240	228	27	co	co	NOUN
cjfa-3240	228	28	m	m	VERB
cjfa-3240	228	29	pe	pe	INTJ
cjfa-3240	228	30	ns	ns	INTJ
cjfa-3240	228	31	at	at	ADP
cjfa-3240	228	32	io	io	PROPN
cjfa-3240	228	33	n	n	PROPN
cjfa-3240	228	34	of	of	ADP
cjfa-3240	228	35	th	th	X
cjfa-3240	229	1	e	e	NOUN
cjfa-3240	229	2	bo	bo	PROPN
cjfa-3240	229	3	ar	ar	PROPN
cjfa-3240	229	4	d	d	PROPN
cjfa-3240	229	5	of	of	ADP
cjfa-3240	229	6	d	d	PRON
cjfa-3240	229	7	ire	ire	VERB
cjfa-3240	229	8	ct	ct	NOUN
cjfa-3240	229	9	or	or	CCONJ
cjfa-3240	229	10	s	s	NOUN
cjfa-3240	229	11	€	€	NUM
cjfa-3240	229	12	%	%	NOUN
cjfa-3240	229	13	€	€	NUM
cjfa-3240	229	14	%	%	NOUN
cjfa-3240	229	15	€	€	NUM
cjfa-3240	229	16	%	%	NOUN
cjfa-3240	229	17	€	€	NUM
cjfa-3240	229	18	%	%	NOUN
cjfa-3240	229	19	€	€	NUM
cjfa-3240	229	20	%	%	NOUN
cjfa-3240	229	21	€	€	NUM
cjfa-3240	229	22	%	%	NOUN
cjfa-3240	229	23	m	m	NOUN
cjfa-3240	229	24	ea	ea	NOUN
cjfa-3240	229	25	n	n	ADP
cjfa-3240	229	26	24	24	NUM
cjfa-3240	229	27	,	,	PUNCT
cjfa-3240	229	28	6	6	NUM
cjfa-3240	229	29	83	83	NUM
cjfa-3240	229	30	.5	.5	NUM
cjfa-3240	229	31	2	2	NUM
cjfa-3240	229	32	12	12	NUM
cjfa-3240	229	33	.7	.7	NUM
cjfa-3240	229	34	2	2	NUM
cjfa-3240	229	35	26	26	NUM
cjfa-3240	229	36	,	,	PUNCT
cjfa-3240	229	37	4	4	NUM
cjfa-3240	229	38	23	23	NUM
cjfa-3240	229	39	.3	.3	NUM
cjfa-3240	229	40	1	1	NUM
cjfa-3240	229	41	12	12	NUM
cjfa-3240	229	42	.7	.7	NUM
cjfa-3240	229	43	6	6	NUM
cjfa-3240	229	44	59	59	NUM
cjfa-3240	229	45	,	,	PUNCT
cjfa-3240	229	46	0	0	NUM
cjfa-3240	229	47	58	58	NUM
cjfa-3240	229	48	.8	.8	NUM
cjfa-3240	229	49	7	7	NUM
cjfa-3240	229	50	21	21	NUM
cjfa-3240	229	51	.5	.5	NUM
cjfa-3240	229	52	5	5	NUM
cjfa-3240	229	53	52	52	NUM
cjfa-3240	229	54	,	,	PUNCT
cjfa-3240	229	55	1	1	NUM
cjfa-3240	229	56	83	83	NUM
cjfa-3240	229	57	.9	.9	NUM
cjfa-3240	229	58	6	6	NUM
cjfa-3240	229	59	19	19	NUM
cjfa-3240	229	60	.2	.2	NUM
cjfa-3240	229	61	8	8	NUM
cjfa-3240	229	62	58	58	NUM
cjfa-3240	229	63	,	,	PUNCT
cjfa-3240	229	64	5	5	NUM
cjfa-3240	229	65	76	76	NUM
cjfa-3240	229	66	.9	.9	NUM
cjfa-3240	229	67	2	2	NUM
cjfa-3240	229	68	19	19	NUM
cjfa-3240	229	69	.9	.9	NUM
cjfa-3240	229	70	2	2	NUM
cjfa-3240	229	71	64	64	NUM
cjfa-3240	229	72	,	,	PUNCT
cjfa-3240	229	73	9	9	NUM
cjfa-3240	229	74	55	55	NUM
cjfa-3240	229	75	.7	.7	NUM
cjfa-3240	229	76	6	6	NUM
cjfa-3240	229	77	23	23	NUM
cjfa-3240	229	78	.7	.7	NUM
cjfa-3240	229	79	2	2	NUM
cjfa-3240	229	80	va	va	PROPN
cjfa-3240	229	81	ri	ri	PROPN
cjfa-3240	230	1	ab	ab	PROPN
cjfa-3240	230	2	le	le	PROPN
cjfa-3240	230	3	20	20	NUM
cjfa-3240	230	4	04	04	NUM
cjfa-3240	230	5	20	20	NUM
cjfa-3240	230	6	05	05	NUM
cjfa-3240	230	7	20	20	NUM
cjfa-3240	230	8	06	06	NUM
cjfa-3240	230	9	20	20	NUM
cjfa-3240	230	10	07	07	NUM
cjfa-3240	230	11	20	20	NUM
cjfa-3240	230	12	08	08	NUM
cjfa-3240	230	13	20	20	NUM
cjfa-3240	230	14	09	09	NUM
cjfa-3240	230	15	ra	ra	INTJ
cjfa-3240	230	16	te	te	INTJ
cjfa-3240	230	17	o	o	X
cjfa-3240	230	18	f	f	PROPN
cjfa-3240	230	19	ch	ch	PROPN
cjfa-3240	230	20	an	an	DET
cjfa-3240	230	21	ge	ge	PROPN
cjfa-3240	230	22	st	st	PROPN
cjfa-3240	230	23	.	.	PUNCT
cjfa-3240	231	1	d	d	PROPN
cjfa-3240	231	2	ev	ev	PROPN
cjfa-3240	231	3	.	.	PROPN
cjfa-3240	231	4	44	44	NUM
cjfa-3240	231	5	,	,	PUNCT
cjfa-3240	231	6	5	5	NUM
cjfa-3240	231	7	69	69	NUM
cjfa-3240	231	8	.3	.3	NUM
cjfa-3240	231	9	2	2	NUM
cjfa-3240	231	10	46	46	NUM
cjfa-3240	231	11	,	,	PUNCT
cjfa-3240	231	12	6	6	NUM
cjfa-3240	231	13	60	60	NUM
cjfa-3240	231	14	.8	.8	NUM
cjfa-3240	231	15	9	9	NUM
cjfa-3240	231	16	15	15	NUM
cjfa-3240	231	17	4	4	NUM
cjfa-3240	231	18	,	,	PUNCT
cjfa-3240	231	19	28	28	NUM
cjfa-3240	231	20	8	8	NUM
cjfa-3240	231	21	.	.	PUNCT
cjfa-3240	232	1	45	45	NUM
cjfa-3240	232	2	10	10	NUM
cjfa-3240	232	3	7	7	NUM
cjfa-3240	232	4	,	,	PUNCT
cjfa-3240	232	5	03	03	NUM
cjfa-3240	232	6	3	3	NUM
cjfa-3240	232	7	.	.	NOUN
cjfa-3240	232	8	90	90	NUM
cjfa-3240	232	9	10	10	NUM
cjfa-3240	232	10	1	1	NUM
cjfa-3240	232	11	,	,	PUNCT
cjfa-3240	232	12	34	34	NUM
cjfa-3240	232	13	5	5	NUM
cjfa-3240	232	14	.	.	NOUN
cjfa-3240	232	15	64	64	NUM
cjfa-3240	232	16	11	11	NUM
cjfa-3240	232	17	5	5	NUM
cjfa-3240	232	18	,	,	PUNCT
cjfa-3240	232	19	48	48	NUM
cjfa-3240	232	20	2	2	NUM
cjfa-3240	232	21	.	.	NUM
cjfa-3240	233	1	05	05	NUM
cjfa-3240	233	2	m	m	VERB
cjfa-3240	233	3	in	in	ADP
cjfa-3240	233	4	0	0	NUM
cjfa-3240	233	5	0	0	NUM
cjfa-3240	233	6	0	0	NUM
cjfa-3240	233	7	0	0	NUM
cjfa-3240	233	8	0	0	NUM
cjfa-3240	233	9	0	0	NUM
cjfa-3240	233	10	m	m	NOUN
cjfa-3240	233	11	ax	ax	NOUN
cjfa-3240	233	12	23	23	NUM
cjfa-3240	233	13	2	2	NUM
cjfa-3240	233	14	,	,	PUNCT
cjfa-3240	233	15	00	00	NUM
cjfa-3240	233	16	0	0	NUM
cjfa-3240	233	17	.	.	PUNCT
cjfa-3240	233	18	00	00	NUM
cjfa-3240	234	1	23	23	NUM
cjfa-3240	234	2	3	3	NUM
cjfa-3240	234	3	,	,	PUNCT
cjfa-3240	234	4	22	22	NUM
cjfa-3240	234	5	2	2	NUM
cjfa-3240	234	6	.	.	NOUN
cjfa-3240	234	7	22	22	NUM
cjfa-3240	234	8	1	1	NUM
cjfa-3240	234	9	,	,	PUNCT
cjfa-3240	234	10	06	06	NUM
cjfa-3240	234	11	5	5	NUM
cjfa-3240	234	12	,	,	PUNCT
cjfa-3240	234	13	50	50	NUM
cjfa-3240	234	14	0	0	NUM
cjfa-3240	234	15	.	.	PUNCT
cjfa-3240	234	16	00	00	NUM
cjfa-3240	235	1	66	66	NUM
cjfa-3240	235	2	0	0	NUM
cjfa-3240	235	3	,	,	PUNCT
cjfa-3240	235	4	37	37	NUM
cjfa-3240	235	5	5	5	NUM
cjfa-3240	235	6	.	.	PUNCT
cjfa-3240	235	7	00	00	NUM
cjfa-3240	236	1	42	42	NUM
cjfa-3240	236	2	3	3	NUM
cjfa-3240	236	3	,	,	PUNCT
cjfa-3240	236	4	80	80	NUM
cjfa-3240	236	5	0	0	NUM
cjfa-3240	236	6	.	.	PUNCT
cjfa-3240	236	7	00	00	NUM
cjfa-3240	237	1	63	63	NUM
cjfa-3240	237	2	2	2	NUM
cjfa-3240	237	3	,	,	PUNCT
cjfa-3240	237	4	00	00	NUM
cjfa-3240	237	5	0	0	NUM
cjfa-3240	237	6	.	.	PUNCT
cjfa-3240	237	7	00	00	PUNCT
cjfa-3240	238	1	sa	sa	PROPN
cjfa-3240	238	2	la	la	PROPN
cjfa-3240	238	3	ry	ry	PROPN
cjfa-3240	238	4	fe	fe	PROPN
cjfa-3240	238	5	es	es	X
cjfa-3240	238	6	b	b	PROPN
cjfa-3240	238	7	y	y	VERB
cjfa-3240	238	8	m	m	VERB
cjfa-3240	238	9	em	em	PRON
cjfa-3240	238	10	be	be	VERB
cjfa-3240	239	1	r	r	NOUN
cjfa-3240	239	2	o	o	NOUN
cjfa-3240	240	1	f	f	NOUN
cjfa-3240	241	1	t	t	NOUN
cjfa-3240	242	1	he	he	PRON
cjfa-3240	243	1	b	b	PROPN
cjfa-3240	244	1	oa	oa	INTJ
cjfa-3240	244	2	rd	rd	NOUN
cjfa-3240	245	1	o	o	NOUN
cjfa-3240	245	2	f	f	X
cjfa-3240	246	1	d	d	NOUN
cjfa-3240	246	2	ire	ire	VERB
cjfa-3240	246	3	ct	ct	NOUN
cjfa-3240	246	4	or	or	CCONJ
cjfa-3240	246	5	s	s	NOUN
cjfa-3240	246	6	€	€	NUM
cjfa-3240	246	7	%	%	NOUN
cjfa-3240	246	8	€	€	NUM
cjfa-3240	246	9	%	%	NOUN
cjfa-3240	246	10	€	€	NUM
cjfa-3240	246	11	%	%	NOUN
cjfa-3240	246	12	€	€	NUM
cjfa-3240	246	13	%	%	NOUN
cjfa-3240	246	14	€	€	NUM
cjfa-3240	246	15	%	%	NOUN
cjfa-3240	246	16	€	€	NUM
cjfa-3240	246	17	%	%	NOUN
cjfa-3240	246	18	m	m	NOUN
cjfa-3240	246	19	ea	ea	NOUN
cjfa-3240	246	20	n	n	ADP
cjfa-3240	246	21	18	18	NUM
cjfa-3240	246	22	,	,	PUNCT
cjfa-3240	246	23	8	8	NUM
cjfa-3240	246	24	89	89	NUM
cjfa-3240	246	25	.2	.2	NUM
cjfa-3240	246	26	2	2	NUM
cjfa-3240	246	27	9	9	NUM
cjfa-3240	246	28	.	.	PUNCT
cjfa-3240	247	1	73	73	NUM
cjfa-3240	247	2	19	19	NUM
cjfa-3240	247	3	,	,	PUNCT
cjfa-3240	247	4	4	4	NUM
cjfa-3240	247	5	46	46	NUM
cjfa-3240	247	6	.7	.7	NUM
cjfa-3240	247	7	4	4	NUM
cjfa-3240	247	8	9	9	NUM
cjfa-3240	247	9	.	.	NOUN
cjfa-3240	247	10	39	39	NUM
cjfa-3240	247	11	23	23	NUM
cjfa-3240	247	12	,	,	PUNCT
cjfa-3240	247	13	6	6	NUM
cjfa-3240	247	14	72	72	NUM
cjfa-3240	247	15	.9	.9	NUM
cjfa-3240	247	16	2	2	NUM
cjfa-3240	247	17	8	8	NUM
cjfa-3240	247	18	.	.	PUNCT
cjfa-3240	248	1	64	64	NUM
cjfa-3240	248	2	24	24	NUM
cjfa-3240	248	3	,	,	PUNCT
cjfa-3240	248	4	7	7	NUM
cjfa-3240	248	5	82	82	NUM
cjfa-3240	248	6	.0	.0	NUM
cjfa-3240	248	7	9	9	NUM
cjfa-3240	248	8	9	9	NUM
cjfa-3240	248	9	.	.	PUNCT
cjfa-3240	249	1	16	16	NUM
cjfa-3240	249	2	29	29	NUM
cjfa-3240	249	3	,	,	PUNCT
cjfa-3240	249	4	2	2	NUM
cjfa-3240	249	5	20	20	NUM
cjfa-3240	249	6	.6	.6	NUM
cjfa-3240	249	7	2	2	NUM
cjfa-3240	249	8	9	9	NUM
cjfa-3240	249	9	.	.	PUNCT
cjfa-3240	250	1	94	94	NUM
cjfa-3240	250	2	28	28	NUM
cjfa-3240	250	3	,	,	PUNCT
cjfa-3240	250	4	8	8	NUM
cjfa-3240	250	5	08	08	NUM
cjfa-3240	250	6	.3	.3	NUM
cjfa-3240	250	7	9	9	NUM
cjfa-3240	250	8	10	10	NUM
cjfa-3240	250	9	.5	.5	NUM
cjfa-3240	250	10	2	2	NUM
cjfa-3240	250	11	ra	ra	NOUN
cjfa-3240	251	1	te	te	INTJ
cjfa-3240	251	2	o	o	X
cjfa-3240	251	3	f	f	PROPN
cjfa-3240	251	4	ch	ch	PROPN
cjfa-3240	251	5	an	an	DET
cjfa-3240	251	6	ge	ge	PROPN
cjfa-3240	251	7	2	2	NUM
cjfa-3240	251	8	.	.	NOUN
cjfa-3240	251	9	95	95	NUM
cjfa-3240	251	10	21	21	NUM
cjfa-3240	251	11	.7	.7	NUM
cjfa-3240	251	12	3	3	NUM
cjfa-3240	251	13	4	4	NUM
cjfa-3240	251	14	.	.	PUNCT
cjfa-3240	251	15	69	69	NUM
cjfa-3240	251	16	17	17	NUM
cjfa-3240	251	17	.9	.9	NUM
cjfa-3240	251	18	1	1	NUM
cjfa-3240	251	19	-1	-1	CCONJ
cjfa-3240	251	20	.4	.4	NUM
cjfa-3240	251	21	1	1	NUM
cjfa-3240	251	22	st	st	NOUN
cjfa-3240	251	23	.	.	PUNCT
cjfa-3240	252	1	d	d	PROPN
cjfa-3240	252	2	ev	ev	PROPN
cjfa-3240	252	3	.	.	PROPN
cjfa-3240	253	1	27	27	NUM
cjfa-3240	253	2	,	,	PUNCT
cjfa-3240	253	3	0	0	NUM
cjfa-3240	253	4	62	62	NUM
cjfa-3240	253	5	.3	.3	NUM
cjfa-3240	253	6	2	2	NUM
cjfa-3240	253	7	29	29	NUM
cjfa-3240	253	8	,	,	PUNCT
cjfa-3240	253	9	0	0	NUM
cjfa-3240	253	10	89	89	NUM
cjfa-3240	253	11	.1	.1	NUM
cjfa-3240	253	12	7	7	NUM
cjfa-3240	253	13	34	34	NUM
cjfa-3240	253	14	,	,	PUNCT
cjfa-3240	253	15	5	5	NUM
cjfa-3240	253	16	56	56	NUM
cjfa-3240	254	1	.9	.9	NUM
cjfa-3240	254	2	3	3	NUM
cjfa-3240	254	3	37	37	NUM
cjfa-3240	254	4	,	,	PUNCT
cjfa-3240	254	5	6	6	NUM
cjfa-3240	254	6	99	99	NUM
cjfa-3240	254	7	.4	.4	NUM
cjfa-3240	254	8	1	1	NUM
cjfa-3240	254	9	40	40	NUM
cjfa-3240	254	10	,	,	PUNCT
cjfa-3240	254	11	2	2	NUM
cjfa-3240	254	12	95	95	NUM
cjfa-3240	254	13	.7	.7	NUM
cjfa-3240	254	14	4	4	NUM
cjfa-3240	254	15	40	40	NUM
cjfa-3240	254	16	,	,	PUNCT
cjfa-3240	254	17	2	2	NUM
cjfa-3240	254	18	25	25	NUM
cjfa-3240	254	19	.1	.1	NUM
cjfa-3240	254	20	2	2	NUM
cjfa-3240	254	21	m	m	NOUN
cjfa-3240	254	22	in	in	ADP
cjfa-3240	254	23	0	0	NUM
cjfa-3240	254	24	0	0	NUM
cjfa-3240	254	25	0	0	NUM
cjfa-3240	254	26	0	0	NUM
cjfa-3240	254	27	0	0	NUM
cjfa-3240	254	28	0	0	NUM
cjfa-3240	254	29	m	m	NOUN
cjfa-3240	254	30	ax	ax	NOUN
cjfa-3240	254	31	16	16	NUM
cjfa-3240	254	32	8	8	NUM
cjfa-3240	254	33	,	,	PUNCT
cjfa-3240	254	34	25	25	NUM
cjfa-3240	254	35	0	0	NUM
cjfa-3240	254	36	.	.	PUNCT
cjfa-3240	254	37	00	00	NUM
cjfa-3240	255	1	17	17	NUM
cjfa-3240	255	2	4	4	NUM
cjfa-3240	255	3	,	,	PUNCT
cjfa-3240	255	4	29	29	NUM
cjfa-3240	255	5	4	4	NUM
cjfa-3240	255	6	.	.	NOUN
cjfa-3240	255	7	12	12	NUM
cjfa-3240	255	8	22	22	NUM
cjfa-3240	255	9	0	0	NUM
cjfa-3240	255	10	,	,	PUNCT
cjfa-3240	255	11	76	76	NUM
cjfa-3240	255	12	4	4	NUM
cjfa-3240	255	13	.	.	PUNCT
cjfa-3240	256	1	71	71	NUM
cjfa-3240	256	2	24	24	NUM
cjfa-3240	256	3	0	0	NUM
cjfa-3240	256	4	,	,	PUNCT
cjfa-3240	256	5	70	70	NUM
cjfa-3240	256	6	5	5	NUM
cjfa-3240	256	7	.	.	SYM
cjfa-3240	256	8	88	88	NUM
cjfa-3240	256	9	24	24	NUM
cjfa-3240	256	10	0	0	NUM
cjfa-3240	256	11	,	,	PUNCT
cjfa-3240	256	12	35	35	NUM
cjfa-3240	256	13	2	2	NUM
cjfa-3240	256	14	.	.	PUNCT
cjfa-3240	256	15	94	94	NUM
cjfa-3240	256	16	24	24	NUM
cjfa-3240	256	17	0	0	NUM
cjfa-3240	256	18	,	,	PUNCT
cjfa-3240	256	19	35	35	NUM
cjfa-3240	256	20	2	2	NUM
cjfa-3240	256	21	.	.	NUM
cjfa-3240	256	22	94	94	NUM
cjfa-3240	256	23	at	at	ADP
cjfa-3240	256	24	te	te	PROPN
cjfa-3240	256	25	nd	nd	ADV
cjfa-3240	256	26	an	an	DET
cjfa-3240	256	27	ce	ce	X
cjfa-3240	256	28	fe	fe	X
cjfa-3240	256	29	es	es	X
cjfa-3240	256	30	b	b	PROPN
cjfa-3240	257	1	y	y	VERB
cjfa-3240	257	2	m	m	VERB
cjfa-3240	257	3	em	em	PRON
cjfa-3240	257	4	be	be	VERB
cjfa-3240	258	1	r	r	NOUN
cjfa-3240	258	2	o	o	NOUN
cjfa-3240	258	3	f	f	NOUN
cjfa-3240	259	1	t	t	NOUN
cjfa-3240	259	2	he	he	PRON
cjfa-3240	260	1	b	b	PROPN
cjfa-3240	260	2	oa	oa	INTJ
cjfa-3240	260	3	rd	rd	NOUN
cjfa-3240	261	1	o	o	NOUN
cjfa-3240	261	2	f	f	X
cjfa-3240	262	1	d	d	NOUN
cjfa-3240	262	2	ire	ire	VERB
cjfa-3240	262	3	ct	ct	NOUN
cjfa-3240	262	4	or	or	CCONJ
cjfa-3240	262	5	s	s	NOUN
cjfa-3240	262	6	€	€	NUM
cjfa-3240	262	7	%	%	NOUN
cjfa-3240	262	8	€	€	NUM
cjfa-3240	262	9	%	%	NOUN
cjfa-3240	262	10	€	€	NUM
cjfa-3240	262	11	%	%	NOUN
cjfa-3240	262	12	€	€	NUM
cjfa-3240	262	13	%	%	NOUN
cjfa-3240	262	14	€	€	NUM
cjfa-3240	262	15	%	%	NOUN
cjfa-3240	262	16	€	€	NUM
cjfa-3240	262	17	%	%	NOUN
cjfa-3240	262	18	m	m	NOUN
cjfa-3240	262	19	ea	ea	NOUN
cjfa-3240	262	20	n	n	ADV
cjfa-3240	262	21	27	27	NUM
cjfa-3240	262	22	,	,	PUNCT
cjfa-3240	262	23	6	6	NUM
cjfa-3240	262	24	67	67	NUM
cjfa-3240	262	25	.2	.2	NUM
cjfa-3240	262	26	1	1	NUM
cjfa-3240	262	27	14	14	NUM
cjfa-3240	262	28	.2	.2	NUM
cjfa-3240	262	29	6	6	NUM
cjfa-3240	262	30	32	32	NUM
cjfa-3240	262	31	,	,	PUNCT
cjfa-3240	262	32	1	1	NUM
cjfa-3240	262	33	05	05	NUM
cjfa-3240	262	34	.3	.3	NUM
cjfa-3240	262	35	8	8	NUM
cjfa-3240	262	36	15	15	NUM
cjfa-3240	262	37	.5	.5	NUM
cjfa-3240	262	38	1	1	NUM
cjfa-3240	262	39	32	32	NUM
cjfa-3240	262	40	,	,	PUNCT
cjfa-3240	262	41	9	9	NUM
cjfa-3240	262	42	10	10	NUM
cjfa-3240	262	43	.1	.1	NUM
cjfa-3240	262	44	4	4	NUM
cjfa-3240	262	45	12	12	NUM
cjfa-3240	262	46	.0	.0	NUM
cjfa-3240	262	47	1	1	NUM
cjfa-3240	262	48	39	39	NUM
cjfa-3240	262	49	,	,	PUNCT
cjfa-3240	262	50	9	9	NUM
cjfa-3240	262	51	52	52	NUM
cjfa-3240	262	52	.3	.3	NUM
cjfa-3240	262	53	1	1	NUM
cjfa-3240	262	54	14	14	NUM
cjfa-3240	262	55	.7	.7	NUM
cjfa-3240	262	56	6	6	NUM
cjfa-3240	262	57	38	38	NUM
cjfa-3240	262	58	,	,	PUNCT
cjfa-3240	262	59	7	7	NUM
cjfa-3240	262	60	26	26	NUM
cjfa-3240	262	61	.0	.0	NUM
cjfa-3240	262	62	8	8	NUM
cjfa-3240	262	63	13	13	NUM
cjfa-3240	262	64	.1	.1	NUM
cjfa-3240	262	65	7	7	NUM
cjfa-3240	262	66	34	34	NUM
cjfa-3240	262	67	,	,	PUNCT
cjfa-3240	262	68	2	2	NUM
cjfa-3240	262	69	94	94	NUM
cjfa-3240	262	70	.1	.1	NUM
cjfa-3240	262	71	6	6	NUM
cjfa-3240	262	72	12	12	NUM
cjfa-3240	262	73	.5	.5	NUM
cjfa-3240	262	74	2	2	NUM
cjfa-3240	262	75	ra	ra	NOUN
cjfa-3240	262	76	te	te	INTJ
cjfa-3240	262	77	o	o	X
cjfa-3240	262	78	f	f	PROPN
cjfa-3240	262	79	ch	ch	PROPN
cjfa-3240	262	80	an	an	DET
cjfa-3240	262	81	ge	ge	PROPN
cjfa-3240	262	82	16	16	NUM
cjfa-3240	262	83	.0	.0	NUM
cjfa-3240	262	84	4	4	NUM
cjfa-3240	262	85	2	2	NUM
cjfa-3240	262	86	.	.	PUNCT
cjfa-3240	262	87	51	51	NUM
cjfa-3240	262	88	21	21	NUM
cjfa-3240	262	89	.4	.4	NUM
cjfa-3240	262	90	0	0	NUM
cjfa-3240	262	91	-3	-3	SYM
cjfa-3240	262	92	.0	.0	NUM
cjfa-3240	262	93	7	7	NUM
cjfa-3240	262	94	-1	-1	ADP
cjfa-3240	262	95	1	1	NUM
cjfa-3240	262	96	.	.	SYM
cjfa-3240	262	97	44	44	NUM
cjfa-3240	262	98	st	st	PROPN
cjfa-3240	262	99	.	.	PUNCT
cjfa-3240	263	1	d	d	PROPN
cjfa-3240	263	2	ev	ev	PROPN
cjfa-3240	263	3	.	.	PROPN
cjfa-3240	264	1	48	48	NUM
cjfa-3240	264	2	,	,	PUNCT
cjfa-3240	264	3	8	8	NUM
cjfa-3240	264	4	20	20	NUM
cjfa-3240	264	5	.0	.0	NUM
cjfa-3240	264	6	0	0	NUM
cjfa-3240	264	7	55	55	NUM
cjfa-3240	264	8	,	,	PUNCT
cjfa-3240	264	9	5	5	NUM
cjfa-3240	264	10	60	60	NUM
cjfa-3240	264	11	.1	.1	NUM
cjfa-3240	264	12	5	5	NUM
cjfa-3240	264	13	58	58	NUM
cjfa-3240	264	14	,	,	PUNCT
cjfa-3240	264	15	2	2	NUM
cjfa-3240	264	16	99	99	NUM
cjfa-3240	264	17	.7	.7	NUM
cjfa-3240	264	18	5	5	NUM
cjfa-3240	264	19	69	69	NUM
cjfa-3240	264	20	,	,	PUNCT
cjfa-3240	264	21	0	0	NUM
cjfa-3240	264	22	42	42	NUM
cjfa-3240	264	23	.6	.6	NUM
cjfa-3240	264	24	9	9	NUM
cjfa-3240	264	25	66	66	NUM
cjfa-3240	264	26	,	,	PUNCT
cjfa-3240	264	27	3	3	NUM
cjfa-3240	264	28	41	41	NUM
cjfa-3240	264	29	.0	.0	NUM
cjfa-3240	264	30	3	3	NUM
cjfa-3240	264	31	65	65	NUM
cjfa-3240	264	32	,	,	PUNCT
cjfa-3240	264	33	4	4	NUM
cjfa-3240	264	34	59	59	NUM
cjfa-3240	264	35	.3	.3	NUM
cjfa-3240	264	36	1	1	NUM
cjfa-3240	264	37	m	m	NOUN
cjfa-3240	264	38	in	in	ADP
cjfa-3240	264	39	0	0	NUM
cjfa-3240	264	40	0	0	NUM
cjfa-3240	264	41	0	0	NUM
cjfa-3240	264	42	0	0	NUM
cjfa-3240	264	43	0	0	NUM
cjfa-3240	264	44	0	0	NUM
cjfa-3240	264	45	va	va	PROPN
cjfa-3240	264	46	ri	ri	PROPN
cjfa-3240	264	47	ab	ab	PROPN
cjfa-3240	264	48	le	le	PROPN
cjfa-3240	264	49	20	20	NUM
cjfa-3240	264	50	04	04	NUM
cjfa-3240	264	51	20	20	NUM
cjfa-3240	264	52	05	05	NUM
cjfa-3240	264	53	20	20	NUM
cjfa-3240	264	54	06	06	NUM
cjfa-3240	264	55	20	20	NUM
cjfa-3240	264	56	07	07	NUM
cjfa-3240	264	57	20	20	NUM
cjfa-3240	264	58	08	08	NUM
cjfa-3240	264	59	20	20	NUM
cjfa-3240	264	60	09	09	NUM
cjfa-3240	264	61	m	m	NOUN
cjfa-3240	264	62	ax	ax	NOUN
cjfa-3240	264	63	21	21	NUM
cjfa-3240	264	64	1	1	NUM
cjfa-3240	264	65	,	,	PUNCT
cjfa-3240	264	66	18	18	NUM
cjfa-3240	264	67	1	1	NUM
cjfa-3240	264	68	.	.	X
cjfa-3240	264	69	82	82	NUM
cjfa-3240	264	70	24	24	NUM
cjfa-3240	264	71	3	3	NUM
cjfa-3240	264	72	,	,	PUNCT
cjfa-3240	264	73	27	27	NUM
cjfa-3240	264	74	2	2	NUM
cjfa-3240	264	75	.	.	PUNCT
cjfa-3240	264	76	73	73	NUM
cjfa-3240	264	77	27	27	NUM
cjfa-3240	264	78	6	6	NUM
cjfa-3240	264	79	,	,	PUNCT
cjfa-3240	264	80	06	06	NUM
cjfa-3240	264	81	6	6	NUM
cjfa-3240	264	82	.	.	PUNCT
cjfa-3240	264	83	67	67	NUM
cjfa-3240	264	84	28	28	NUM
cjfa-3240	264	85	3	3	NUM
cjfa-3240	264	86	,	,	PUNCT
cjfa-3240	264	87	90	90	NUM
cjfa-3240	264	88	0	0	NUM
cjfa-3240	264	89	.	.	PUNCT
cjfa-3240	264	90	00	00	NUM
cjfa-3240	264	91	29	29	NUM
cjfa-3240	264	92	5	5	NUM
cjfa-3240	264	93	,	,	PUNCT
cjfa-3240	264	94	00	00	NUM
cjfa-3240	264	95	0	0	NUM
cjfa-3240	264	96	.	.	PUNCT
cjfa-3240	264	97	00	00	NUM
cjfa-3240	264	98	27	27	NUM
cjfa-3240	264	99	7	7	NUM
cjfa-3240	264	100	,	,	PUNCT
cjfa-3240	264	101	60	60	NUM
cjfa-3240	264	102	0	0	NUM
cjfa-3240	264	103	.	.	PUNCT
cjfa-3240	264	104	00	00	NUM
cjfa-3240	265	1	o	o	INTJ
cjfa-3240	265	2	th	th	X
cjfa-3240	265	3	er	er	INTJ
cjfa-3240	265	4	p	p	X
cjfa-3240	265	5	er	er	INTJ
cjfa-3240	265	6	qu	qu	PROPN
cjfa-3240	265	7	is	be	AUX
cjfa-3240	265	8	ite	ite	PROPN
cjfa-3240	265	9	s	s	PROPN
cjfa-3240	265	10	b	b	X
cjfa-3240	265	11	y	y	INTJ
cjfa-3240	265	12	m	m	VERB
cjfa-3240	265	13	em	em	PRON
cjfa-3240	265	14	be	be	VERB
cjfa-3240	266	1	r	r	NOUN
cjfa-3240	266	2	o	o	NOUN
cjfa-3240	266	3	f	f	NOUN
cjfa-3240	267	1	t	t	NOUN
cjfa-3240	267	2	he	he	PRON
cjfa-3240	268	1	b	b	PROPN
cjfa-3240	268	2	oa	oa	INTJ
cjfa-3240	268	3	rd	rd	NOUN
cjfa-3240	269	1	o	o	NOUN
cjfa-3240	269	2	f	f	X
cjfa-3240	270	1	d	d	NOUN
cjfa-3240	270	2	ire	ire	VERB
cjfa-3240	270	3	ct	ct	NOUN
cjfa-3240	270	4	or	or	CCONJ
cjfa-3240	270	5	s	s	NOUN
cjfa-3240	270	6	€	€	NUM
cjfa-3240	270	7	%	%	NOUN
cjfa-3240	270	8	€	€	NUM
cjfa-3240	270	9	%	%	NOUN
cjfa-3240	270	10	€	€	NUM
cjfa-3240	270	11	%	%	NOUN
cjfa-3240	270	12	€	€	NUM
cjfa-3240	270	13	%	%	NOUN
cjfa-3240	270	14	€	€	NUM
cjfa-3240	270	15	%	%	NOUN
cjfa-3240	270	16	€	€	NUM
cjfa-3240	270	17	%	%	NOUN
cjfa-3240	270	18	m	m	NOUN
cjfa-3240	270	19	ea	ea	NOUN
cjfa-3240	270	20	n	n	ADP
cjfa-3240	270	21	56	56	NUM
cjfa-3240	270	22	,	,	PUNCT
cjfa-3240	270	23	3	3	NUM
cjfa-3240	270	24	78	78	NUM
cjfa-3240	270	25	.7	.7	NUM
cjfa-3240	270	26	4	4	NUM
cjfa-3240	270	27	29	29	NUM
cjfa-3240	270	28	.0	.0	NUM
cjfa-3240	270	29	5	5	NUM
cjfa-3240	270	30	60	60	NUM
cjfa-3240	270	31	,	,	PUNCT
cjfa-3240	270	32	6	6	NUM
cjfa-3240	270	33	35	35	NUM
cjfa-3240	270	34	.1	.1	NUM
cjfa-3240	270	35	9	9	NUM
cjfa-3240	270	36	29	29	NUM
cjfa-3240	270	37	.2	.2	NUM
cjfa-3240	270	38	8	8	NUM
cjfa-3240	270	39	80	80	NUM
cjfa-3240	270	40	,	,	PUNCT
cjfa-3240	270	41	4	4	NUM
cjfa-3240	270	42	73	73	NUM
cjfa-3240	270	43	.5	.5	NUM
cjfa-3240	270	44	2	2	NUM
cjfa-3240	270	45	29	29	NUM
cjfa-3240	270	46	.3	.3	NUM
cjfa-3240	270	47	6	6	NUM
cjfa-3240	270	48	69	69	NUM
cjfa-3240	270	49	,	,	PUNCT
cjfa-3240	270	50	6	6	NUM
cjfa-3240	270	51	73	73	NUM
cjfa-3240	270	52	.7	.7	NUM
cjfa-3240	270	53	5	5	NUM
cjfa-3240	270	54	25	25	NUM
cjfa-3240	270	55	.7	.7	NUM
cjfa-3240	270	56	5	5	NUM
cjfa-3240	270	57	83	83	NUM
cjfa-3240	270	58	,	,	PUNCT
cjfa-3240	270	59	7	7	NUM
cjfa-3240	270	60	81	81	NUM
cjfa-3240	270	61	.7	.7	NUM
cjfa-3240	270	62	3	3	NUM
cjfa-3240	270	63	28	28	NUM
cjfa-3240	270	64	.4	.4	NUM
cjfa-3240	270	65	9	9	NUM
cjfa-3240	270	66	59	59	NUM
cjfa-3240	270	67	,	,	PUNCT
cjfa-3240	270	68	8	8	NUM
cjfa-3240	270	69	97	97	NUM
cjfa-3240	270	70	.5	.5	NUM
cjfa-3240	270	71	1	1	NUM
cjfa-3240	270	72	21	21	NUM
cjfa-3240	270	73	.8	.8	NUM
cjfa-3240	270	74	7	7	NUM
cjfa-3240	270	75	ra	ra	INTJ
cjfa-3240	270	76	te	te	INTJ
cjfa-3240	270	77	o	o	X
cjfa-3240	270	78	f	f	PROPN
cjfa-3240	270	79	ch	ch	PROPN
cjfa-3240	270	80	an	an	DET
cjfa-3240	270	81	ge	ge	PROPN
cjfa-3240	270	82	7	7	NUM
cjfa-3240	270	83	.	.	PUNCT
cjfa-3240	270	84	55	55	NUM
cjfa-3240	270	85	32	32	NUM
cjfa-3240	270	86	.7	.7	NUM
cjfa-3240	270	87	2	2	NUM
cjfa-3240	270	88	-1	-1	SYM
cjfa-3240	270	89	3	3	X
cjfa-3240	270	90	.	.	NOUN
cjfa-3240	270	91	42	42	NUM
cjfa-3240	270	92	20	20	NUM
cjfa-3240	270	93	.2	.2	NUM
cjfa-3240	270	94	5	5	NUM
cjfa-3240	270	95	-2	-2	NOUN
cjfa-3240	270	96	8	8	NUM
cjfa-3240	270	97	.	.	X
cjfa-3240	270	98	51	51	NUM
cjfa-3240	270	99	st	st	PROPN
cjfa-3240	270	100	.	.	PUNCT
cjfa-3240	271	1	d	d	PROPN
cjfa-3240	271	2	ev	ev	INTJ
cjfa-3240	271	3	.	.	PROPN
cjfa-3240	271	4	15	15	NUM
cjfa-3240	271	5	3	3	NUM
cjfa-3240	271	6	,	,	PUNCT
cjfa-3240	271	7	86	86	NUM
cjfa-3240	271	8	7	7	NUM
cjfa-3240	271	9	.	.	NOUN
cjfa-3240	271	10	12	12	NUM
cjfa-3240	271	11	15	15	NUM
cjfa-3240	271	12	6	6	NUM
cjfa-3240	271	13	,	,	PUNCT
cjfa-3240	271	14	36	36	NUM
cjfa-3240	271	15	6	6	NUM
cjfa-3240	271	16	.	.	NOUN
cjfa-3240	271	17	12	12	NUM
cjfa-3240	271	18	25	25	NUM
cjfa-3240	271	19	1	1	NUM
cjfa-3240	271	20	,	,	PUNCT
cjfa-3240	271	21	04	04	NUM
cjfa-3240	271	22	7	7	NUM
cjfa-3240	271	23	.	.	NOUN
cjfa-3240	271	24	61	61	NUM
cjfa-3240	271	25	20	20	NUM
cjfa-3240	271	26	6	6	NUM
cjfa-3240	271	27	,	,	PUNCT
cjfa-3240	271	28	39	39	NUM
cjfa-3240	271	29	5	5	NUM
cjfa-3240	271	30	.	.	PUNCT
cjfa-3240	271	31	05	05	NUM
cjfa-3240	272	1	29	29	NUM
cjfa-3240	272	2	0	0	NUM
cjfa-3240	272	3	,	,	PUNCT
cjfa-3240	272	4	37	37	NUM
cjfa-3240	272	5	3	3	NUM
cjfa-3240	272	6	.	.	NOUN
cjfa-3240	272	7	85	85	NUM
cjfa-3240	272	8	18	18	NUM
cjfa-3240	272	9	7	7	NUM
cjfa-3240	272	10	,	,	PUNCT
cjfa-3240	272	11	92	92	NUM
cjfa-3240	272	12	4	4	NUM
cjfa-3240	272	13	.	.	PUNCT
cjfa-3240	272	14	76	76	NUM
cjfa-3240	272	15	m	m	NOUN
cjfa-3240	272	16	in	in	ADP
cjfa-3240	272	17	0	0	NUM
cjfa-3240	272	18	0	0	NUM
cjfa-3240	272	19	0	0	NUM
cjfa-3240	272	20	0	0	NUM
cjfa-3240	272	21	0	0	NUM
cjfa-3240	272	22	0	0	NUM
cjfa-3240	272	23	m	m	VERB
cjfa-3240	272	24	ax	ax	NOUN
cjfa-3240	272	25	77	77	NUM
cjfa-3240	272	26	5	5	NUM
cjfa-3240	272	27	,	,	PUNCT
cjfa-3240	272	28	71	71	NUM
cjfa-3240	272	29	4	4	NUM
cjfa-3240	272	30	.	.	NOUN
cjfa-3240	272	31	29	29	NUM
cjfa-3240	272	32	96	96	NUM
cjfa-3240	272	33	5	5	NUM
cjfa-3240	272	34	,	,	PUNCT
cjfa-3240	272	35	85	85	NUM
cjfa-3240	272	36	7	7	NUM
cjfa-3240	272	37	.	.	NOUN
cjfa-3240	272	38	14	14	NUM
cjfa-3240	272	39	1	1	NUM
cjfa-3240	272	40	,	,	PUNCT
cjfa-3240	272	41	42	42	NUM
cjfa-3240	272	42	8	8	NUM
cjfa-3240	272	43	,	,	PUNCT
cjfa-3240	272	44	15	15	NUM
cjfa-3240	272	45	3	3	NUM
cjfa-3240	272	46	.	.	NOUN
cjfa-3240	272	47	85	85	NUM
cjfa-3240	272	48	1	1	NUM
cjfa-3240	272	49	,	,	PUNCT
cjfa-3240	272	50	33	33	NUM
cjfa-3240	272	51	7	7	NUM
cjfa-3240	272	52	,	,	PUNCT
cjfa-3240	272	53	90	90	NUM
cjfa-3240	272	54	0	0	NUM
cjfa-3240	272	55	.	.	PUNCT
cjfa-3240	272	56	00	00	NUM
cjfa-3240	273	1	2	2	NUM
cjfa-3240	273	2	,	,	PUNCT
cjfa-3240	273	3	05	05	NUM
cjfa-3240	273	4	7	7	NUM
cjfa-3240	273	5	,	,	PUNCT
cjfa-3240	273	6	13	13	NUM
cjfa-3240	273	7	3	3	NUM
cjfa-3240	273	8	.	.	NOUN
cjfa-3240	273	9	34	34	NUM
cjfa-3240	273	10	1	1	NUM
cjfa-3240	273	11	,	,	PUNCT
cjfa-3240	273	12	40	40	NUM
cjfa-3240	273	13	7	7	NUM
cjfa-3240	273	14	,	,	PUNCT
cjfa-3240	273	15	40	40	NUM
cjfa-3240	273	16	0	0	NUM
cjfa-3240	273	17	.	.	PUNCT
cjfa-3240	273	18	00	00	NUM
cjfa-3240	274	1	a.	a.	PROPN
cjfa-3240	274	2	t	t	PROPN
cjfa-3240	275	1	hi	hi	INTJ
cjfa-3240	275	2	s	s	PROPN
cjfa-3240	275	3	t	t	X
cjfa-3240	275	4	ab	ab	PROPN
cjfa-3240	275	5	le	le	X
cjfa-3240	276	1	sh	sh	INTJ
cjfa-3240	277	1	ow	ow	INTJ
cjfa-3240	277	2	s	s	PROPN
cjfa-3240	277	3	a	a	DET
cjfa-3240	277	4	su	su	PROPN
cjfa-3240	277	5	m	m	PROPN
cjfa-3240	277	6	m	m	PROPN
cjfa-3240	277	7	ar	ar	PROPN
cjfa-3240	277	8	y	y	PROPN
cjfa-3240	277	9	of	of	ADP
cjfa-3240	277	10	st	st	PROPN
cjfa-3240	277	11	at	at	SCONJ
cjfa-3240	277	12	is	be	AUX
cjfa-3240	277	13	tic	tic	ADJ
cjfa-3240	277	14	s	s	PART
cjfa-3240	277	15	o	o	X
cjfa-3240	277	16	n	n	X
cjfa-3240	277	17	di	di	X
cjfa-3240	277	18	re	re	ADP
cjfa-3240	277	19	ct	ct	PROPN
cjfa-3240	277	20	or	or	CCONJ
cjfa-3240	277	21	co	co	ADJ
cjfa-3240	277	22	m	m	VERB
cjfa-3240	277	23	pe	pe	INTJ
cjfa-3240	277	24	ns	ns	INTJ
cjfa-3240	277	25	at	at	ADP
cjfa-3240	277	26	io	io	PROPN
cjfa-3240	277	27	n	n	ADV
cjfa-3240	277	28	m	m	PROPN
cjfa-3240	277	29	ea	ea	X
cjfa-3240	277	30	su	su	PROPN
cjfa-3240	277	31	re	re	PROPN
cjfa-3240	277	32	d	d	PROPN
cjfa-3240	277	33	in	in	ADP
cjfa-3240	277	34	e	e	X
cjfa-3240	277	35	ur	ur	INTJ
cjfa-3240	277	36	os	os	INTJ
cjfa-3240	277	37	.	.	PUNCT
cjfa-3240	278	1	t	t	PROPN
cjfa-3240	278	2	he	he	PRON
cjfa-3240	278	3	co	co	VERB
cjfa-3240	278	4	m	m	VERB
cjfa-3240	278	5	pe	pe	INTJ
cjfa-3240	278	6	ns	ns	INTJ
cjfa-3240	278	7	at	at	ADP
cjfa-3240	278	8	io	io	PROPN
cjfa-3240	278	9	n	n	ADV
cjfa-3240	278	10	in	in	ADP
cjfa-3240	278	11	cl	cl	NOUN
cjfa-3240	278	12	ud	ud	INTJ
cjfa-3240	278	13	es	es	X
cjfa-3240	278	14	th	th	X
cjfa-3240	279	1	e	e	NOUN
cjfa-3240	279	2	fo	fo	INTJ
cjfa-3240	279	3	llo	llo	INTJ
cjfa-3240	280	1	w	w	NOUN
cjfa-3240	280	2	in	in	ADP
cjfa-3240	280	3	g	g	PROPN
cjfa-3240	280	4	co	co	PROPN
cjfa-3240	280	5	nc	nc	PROPN
cjfa-3240	280	6	ep	ep	PROPN
cjfa-3240	280	7	ts	ts	PROPN
cjfa-3240	280	8	:	:	PUNCT
cjfa-3240	280	9	f	f	X
cjfa-3240	280	10	ix	ix	PROPN
cjfa-3240	280	11	ed	ed	PROPN
cjfa-3240	280	12	a	a	DET
cjfa-3240	280	13	nd	nd	NOUN
cjfa-3240	280	14	v	v	NOUN
cjfa-3240	280	15	ari	ari	PROPN
cjfa-3240	280	16	ab	ab	PROPN
cjfa-3240	280	17	le	le	X
cjfa-3240	280	18	re	re	PROPN
cjfa-3240	280	19	m	m	PROPN
cjfa-3240	280	20	un	un	PROPN
cjfa-3240	280	21	er	er	INTJ
cjfa-3240	280	22	at	at	ADP
cjfa-3240	280	23	io	io	PROPN
cjfa-3240	280	24	n	n	CCONJ
cjfa-3240	280	25	,	,	PUNCT
cjfa-3240	280	26	sa	sa	PROPN
cjfa-3240	280	27	la	la	PROPN
cjfa-3240	280	28	ry	ry	PROPN
cjfa-3240	280	29	fe	fe	PROPN
cjfa-3240	280	30	es	es	PROPN
cjfa-3240	280	31	,	,	PUNCT
cjfa-3240	280	32	a	a	DET
cjfa-3240	280	33	tt	tt	PROPN
cjfa-3240	280	34	en	en	PROPN
cjfa-3240	280	35	da	da	PROPN
cjfa-3240	280	36	nc	nc	PROPN
cjfa-3240	280	37	e	e	PROPN
cjfa-3240	280	38	fe	fe	X
cjfa-3240	280	39	es	es	ADP
cjfa-3240	280	40	a	a	PRON
cjfa-3240	280	41	nd	nd	NOUN
cjfa-3240	280	42	o	o	X
cjfa-3240	280	43	th	th	INTJ
cjfa-3240	280	44	er	er	INTJ
cjfa-3240	280	45	p	p	X
cjfa-3240	280	46	er	er	INTJ
cjfa-3240	280	47	qu	qu	PROPN
cjfa-3240	280	48	is	be	AUX
cjfa-3240	280	49	ite	ite	PROPN
cjfa-3240	280	50	s	s	PART
cjfa-3240	280	51	(	(	PUNCT
cjfa-3240	280	52	st	st	PROPN
cjfa-3240	280	53	oc	oc	X
cjfa-3240	280	54	k	k	PROPN
cjfa-3240	280	55	op	op	NOUN
cjfa-3240	280	56	tio	tio	PROPN
cjfa-3240	280	57	ns	ns	INTJ
cjfa-3240	280	58	a	a	DET
cjfa-3240	280	59	nd	nd	NOUN
cjfa-3240	280	60	/o	/o	NOUN
cjfa-3240	281	1	r	r	NOUN
cjfa-3240	281	2	o	o	X
cjfa-3240	282	1	th	th	INTJ
cjfa-3240	283	1	er	er	INTJ
cjfa-3240	283	2	fi	fi	NOUN
cjfa-3240	284	1	na	na	PROPN
cjfa-3240	284	2	nc	nc	PROPN
cjfa-3240	284	3	ia	ia	PROPN
cjfa-3240	284	4	l	l	PROPN
cjfa-3240	285	1	i	i	PRON
cjfa-3240	285	2	ns	ns	VERB
cjfa-3240	285	3	tr	tr	VERB
cjfa-3240	285	4	um	um	INTJ
cjfa-3240	285	5	en	en	ADP
cjfa-3240	285	6	ts	ts	X
cjfa-3240	285	7	,	,	PUNCT
cjfa-3240	285	8	a	a	DET
cjfa-3240	285	9	dv	dv	PROPN
cjfa-3240	285	10	an	an	PROPN
cjfa-3240	285	11	ce	ce	PROPN
cjfa-3240	285	12	s	s	PROPN
cjfa-3240	285	13	,	,	PUNCT
cjfa-3240	285	14	lo	lo	PROPN
cjfa-3240	285	15	an	an	DET
cjfa-3240	285	16	s	s	PROPN
cjfa-3240	285	17	,	,	PUNCT
cjfa-3240	285	18	fu	fu	PROPN
cjfa-3240	285	19	nd	nd	NOUN
cjfa-3240	285	20	s	s	PROPN
cjfa-3240	285	21	a	a	DET
cjfa-3240	285	22	nd	nd	NOUN
cjfa-3240	285	23	p	p	X
cjfa-3240	285	24	en	en	X
cjfa-3240	285	25	si	si	X
cjfa-3240	285	26	on	on	ADP
cjfa-3240	285	27	p	p	PROPN
cjfa-3240	285	28	la	la	X
cjfa-3240	285	29	ns	ns	INTJ
cjfa-3240	285	30	,	,	PUNCT
cjfa-3240	285	31	i	i	PRON
cjfa-3240	285	32	ns	ns	VERB
cjfa-3240	285	33	ur	ur	INTJ
cjfa-3240	286	1	an	an	DET
cjfa-3240	286	2	ce	ce	PROPN
cjfa-3240	286	3	p	p	X
cjfa-3240	286	4	re	re	ADP
cjfa-3240	286	5	m	m	PROPN
cjfa-3240	286	6	iu	iu	ADP
cjfa-3240	286	7	m	m	PROPN
cjfa-3240	286	8	s	s	PROPN
cjfa-3240	286	9	a	a	DET
cjfa-3240	286	10	nd	nd	NOUN
cjfa-3240	286	11	g	g	PROPN
cjfa-3240	286	12	ua	ua	PROPN
cjfa-3240	286	13	ra	ra	PROPN
cjfa-3240	286	14	nt	not	PART
cjfa-3240	286	15	ee	ee	PROPN
cjfa-3240	286	16	s	s	PROPN
cjfa-3240	286	17	p	p	X
cjfa-3240	286	18	ro	ro	X
cjfa-3240	286	19	vi	vi	X
cjfa-3240	286	20	de	de	PROPN
cjfa-3240	286	21	d	d	PROPN
cjfa-3240	286	22	fo	fo	INTJ
cjfa-3240	286	23	r	r	NOUN
cjfa-3240	286	24	d	d	X
cjfa-3240	286	25	ir	ir	PROPN
cjfa-3240	286	26	ec	ec	PROPN
cjfa-3240	286	27	to	to	PART
cjfa-3240	286	28	rs	rs	VERB
cjfa-3240	286	29	)	)	PUNCT
cjfa-3240	286	30	.	.	PUNCT
cjfa-3240	287	1	al	al	PROPN
cjfa-3240	288	1	so	so	ADV
cjfa-3240	288	2	,	,	PUNCT
cjfa-3240	288	3	t	t	AUX
cjfa-3240	288	4	hi	hi	PROPN
cjfa-3240	288	5	s	s	PROPN
cjfa-3240	288	6	t	t	X
cjfa-3240	288	7	ab	ab	X
cjfa-3240	288	8	le	le	X
cjfa-3240	288	9	in	in	ADP
cjfa-3240	288	10	cl	cl	NOUN
cjfa-3240	288	11	ud	ud	INTJ
cjfa-3240	288	12	es	es	VERB
cjfa-3240	288	13	in	in	ADP
cjfa-3240	288	14	fo	fo	ADP
cjfa-3240	288	15	rm	rm	PROPN
cjfa-3240	288	16	at	at	ADP
cjfa-3240	288	17	io	io	PROPN
cjfa-3240	288	18	n	n	PROPN
cjfa-3240	288	19	ab	ab	PROPN
cjfa-3240	288	20	ou	ou	PROPN
cjfa-3240	288	21	t	t	PROPN
cjfa-3240	288	22	t	t	PROPN
cjfa-3240	289	1	he	he	PRON
cjfa-3240	289	2	p	p	PROPN
cjfa-3240	289	3	er	er	INTJ
cjfa-3240	289	4	ce	ce	PROPN
cjfa-3240	289	5	nt	not	PART
cjfa-3240	289	6	ag	ag	PROPN
cjfa-3240	289	7	e	e	PROPN
cjfa-3240	289	8	of	of	ADP
cjfa-3240	289	9	co	co	PROPN
cjfa-3240	289	10	m	m	VERB
cjfa-3240	289	11	pe	pe	INTJ
cjfa-3240	289	12	ns	ns	INTJ
cjfa-3240	289	13	at	at	ADP
cjfa-3240	289	14	io	io	PROPN
cjfa-3240	289	15	n	n	CCONJ
cjfa-3240	289	16	de	de	PROPN
cjfa-3240	289	17	di	di	X
cjfa-3240	289	18	ca	ca	NOUN
cjfa-3240	289	19	te	te	VERB
cjfa-3240	289	20	d	d	X
cjfa-3240	289	21	to	to	ADP
cjfa-3240	289	22	e	e	PROPN
cjfa-3240	289	23	ac	ac	PROPN
cjfa-3240	289	24	h	h	PROPN
cjfa-3240	289	25	co	co	PROPN
cjfa-3240	289	26	nc	nc	PROPN
cjfa-3240	289	27	ep	ep	PROPN
cjfa-3240	289	28	t.	t.	PROPN
cjfa-3240	289	29	s	s	PART
cjfa-3240	289	30	o	o	X
cjfa-3240	289	31	u	u	NOUN
cjfa-3240	289	32	rc	rc	PROPN
cjfa-3240	289	33	e	e	PROPN
cjfa-3240	289	34	:	:	PUNCT
cjfa-3240	289	35	a	a	DET
cjfa-3240	289	36	ut	ut	PROPN
cjfa-3240	289	37	ho	ho	PROPN
cjfa-3240	289	38	rs	rs	PROPN
cjfa-3240	289	39	’	'	PUNCT
cjfa-3240	289	40	o	o	NOUN
cjfa-3240	289	41	w	w	PROPN
cjfa-3240	289	42	n.	n.	NOUN
cjfa-3240	289	43	“	"	PUNCT
cjfa-3240	289	44	board	board	NOUN
cjfa-3240	289	45	independence	independence	NOUN
cjfa-3240	289	46	”	"	PUNCT
cjfa-3240	289	47	and	and	CCONJ
cjfa-3240	289	48	compensation	compensation	NOUN
cjfa-3240	289	49	structure	structure	NOUN
cjfa-3240	289	50	of	of	ADP
cjfa-3240	289	51	directors	director	NOUN
cjfa-3240	289	52	139	139	NUM
cjfa-3240	289	53	the	the	DET
cjfa-3240	289	54	average	average	NOUN
cjfa-3240	289	55	of	of	ADP
cjfa-3240	289	56	total	total	ADJ
cjfa-3240	289	57	compensation	compensation	NOUN
cjfa-3240	289	58	received	receive	VERB
cjfa-3240	289	59	by	by	ADP
cjfa-3240	289	60	each	each	DET
cjfa-3240	289	61	member	member	NOUN
cjfa-3240	289	62	of	of	ADP
cjfa-3240	289	63	the	the	DET
cjfa-3240	289	64	board	board	NOUN
cjfa-3240	289	65	of	of	ADP
cjfa-3240	289	66	directors	director	NOUN
cjfa-3240	289	67	is	be	AUX
cjfa-3240	289	68	€	€	SYM
cjfa-3240	289	69	194,041.77	194,041.77	NUM
cjfa-3240	289	70	for	for	ADP
cjfa-3240	289	71	2004	2004	NUM
cjfa-3240	289	72	and	and	CCONJ
cjfa-3240	289	73	€	€	SYM
cjfa-3240	289	74	273,831.32	273,831.32	NUM
cjfa-3240	289	75	for	for	ADP
cjfa-3240	289	76	2009	2009	NUM
cjfa-3240	289	77	,	,	PUNCT
cjfa-3240	289	78	representing	represent	VERB
cjfa-3240	289	79	a	a	DET
cjfa-3240	289	80	rate	rate	NOUN
cjfa-3240	289	81	of	of	ADP
cjfa-3240	289	82	inter	inter	ADJ
cjfa-3240	289	83	-	-	ADJ
cjfa-3240	289	84	annual	annual	ADJ
cjfa-3240	289	85	growth	growth	NOUN
cjfa-3240	289	86	of	of	ADP
cjfa-3240	289	87	approximately	approximately	ADV
cjfa-3240	289	88	7.13	7.13	NUM
cjfa-3240	289	89	%	%	NOUN
cjfa-3240	289	90	since	since	SCONJ
cjfa-3240	289	91	2004	2004	NUM
cjfa-3240	289	92	.	.	PUNCT
cjfa-3240	290	1	this	this	PRON
cjfa-3240	290	2	is	be	AUX
cjfa-3240	290	3	similar	similar	ADJ
cjfa-3240	290	4	to	to	ADP
cjfa-3240	290	5	that	that	PRON
cjfa-3240	290	6	achieved	achieve	VERB
cjfa-3240	290	7	on	on	ADP
cjfa-3240	290	8	previous	previous	ADJ
cjfa-3240	290	9	studies	study	NOUN
cjfa-3240	290	10	with	with	ADP
cjfa-3240	290	11	similar	similar	ADJ
cjfa-3240	290	12	samples	sample	NOUN
cjfa-3240	290	13	of	of	ADP
cjfa-3240	290	14	companies	company	NOUN
cjfa-3240	290	15	(	(	PUNCT
cjfa-3240	290	16	manzaneque	manzaneque	NOUN
cjfa-3240	290	17	et	et	PROPN
cjfa-3240	290	18	al	al	PROPN
cjfa-3240	290	19	.	.	PROPN
cjfa-3240	290	20	,	,	PUNCT
cjfa-3240	290	21	2011	2011	NUM
cjfa-3240	290	22	,	,	PUNCT
cjfa-3240	290	23	8.6	8.6	NUM
cjfa-3240	290	24	%	%	NOUN
cjfa-3240	290	25	;	;	PUNCT
cjfa-3240	290	26	merino	merino	PROPN
cjfa-3240	290	27	et	et	PROPN
cjfa-3240	290	28	al	al	PROPN
cjfa-3240	290	29	.	.	PROPN
cjfa-3240	290	30	,	,	PUNCT
cjfa-3240	290	31	2012	2012	NUM
cjfa-3240	290	32	,	,	PUNCT
cjfa-3240	290	33	7.11%)8	7.11%)8	X
cjfa-3240	290	34	.	.	PUNCT
cjfa-3240	290	35	regards	regard	NOUN
cjfa-3240	290	36	to	to	ADP
cjfa-3240	290	37	the	the	DET
cjfa-3240	290	38	type	type	NOUN
cjfa-3240	290	39	of	of	ADP
cjfa-3240	290	40	compensation	compensation	NOUN
cjfa-3240	290	41	,	,	PUNCT
cjfa-3240	290	42	the	the	DET
cjfa-3240	290	43	most	most	ADV
cjfa-3240	290	44	important	important	ADJ
cjfa-3240	290	45	is	be	AUX
cjfa-3240	290	46	fixed	fix	VERB
cjfa-3240	290	47	remuneration	remuneration	NOUN
cjfa-3240	290	48	which	which	PRON
cjfa-3240	290	49	reaches	reach	VERB
cjfa-3240	290	50	the	the	DET
cjfa-3240	290	51	34.23	34.23	NUM
cjfa-3240	290	52	%	%	NOUN
cjfa-3240	290	53	in	in	ADP
cjfa-3240	290	54	2004	2004	NUM
cjfa-3240	290	55	and	and	CCONJ
cjfa-3240	290	56	31.36	31.36	NUM
cjfa-3240	290	57	%	%	NOUN
cjfa-3240	290	58	in	in	ADP
cjfa-3240	290	59	2009	2009	NUM
cjfa-3240	290	60	on	on	ADP
cjfa-3240	290	61	total	total	ADJ
cjfa-3240	290	62	compensation	compensation	NOUN
cjfa-3240	290	63	,	,	PUNCT
cjfa-3240	290	64	despite	despite	SCONJ
cjfa-3240	290	65	the	the	DET
cjfa-3240	290	66	recommendations	recommendation	NOUN
cjfa-3240	290	67	of	of	ADP
cjfa-3240	290	68	some	some	DET
cjfa-3240	290	69	codes	code	NOUN
cjfa-3240	290	70	of	of	ADP
cjfa-3240	290	71	conduct	conduct	NOUN
cjfa-3240	290	72	and	and	CCONJ
cjfa-3240	290	73	regulatory	regulatory	ADJ
cjfa-3240	290	74	agencies	agency	NOUN
cjfa-3240	290	75	,	,	PUNCT
cjfa-3240	290	76	about	about	ADP
cjfa-3240	290	77	moderation	moderation	NOUN
cjfa-3240	290	78	on	on	ADP
cjfa-3240	290	79	this	this	DET
cjfa-3240	290	80	type	type	NOUN
cjfa-3240	290	81	of	of	ADP
cjfa-3240	290	82	compensation	compensation	NOUN
cjfa-3240	290	83	.	.	PUNCT
cjfa-3240	291	1	despite	despite	SCONJ
cjfa-3240	291	2	this	this	DET
cjfa-3240	291	3	fact	fact	NOUN
cjfa-3240	291	4	,	,	PUNCT
cjfa-3240	291	5	the	the	DET
cjfa-3240	291	6	data	datum	NOUN
cjfa-3240	291	7	shows	show	VERB
cjfa-3240	291	8	an	an	DET
cjfa-3240	291	9	increase	increase	NOUN
cjfa-3240	291	10	in	in	ADP
cjfa-3240	291	11	the	the	DET
cjfa-3240	291	12	importance	importance	NOUN
cjfa-3240	291	13	of	of	ADP
cjfa-3240	291	14	variable	variable	ADJ
cjfa-3240	291	15	payment	payment	NOUN
cjfa-3240	291	16	,	,	PUNCT
cjfa-3240	291	17	whose	whose	DET
cjfa-3240	291	18	share	share	NOUN
cjfa-3240	291	19	on	on	ADP
cjfa-3240	291	20	total	total	ADJ
cjfa-3240	291	21	compensation	compensation	NOUN
cjfa-3240	291	22	has	have	AUX
cjfa-3240	291	23	grown	grow	VERB
cjfa-3240	291	24	from	from	ADP
cjfa-3240	291	25	12.72	12.72	NUM
cjfa-3240	291	26	%	%	NOUN
cjfa-3240	291	27	in	in	ADP
cjfa-3240	291	28	2004	2004	NUM
cjfa-3240	291	29	to	to	ADP
cjfa-3240	291	30	most	most	ADJ
cjfa-3240	291	31	than	than	ADP
cjfa-3240	291	32	23	23	NUM
cjfa-3240	291	33	%	%	NOUN
cjfa-3240	291	34	in	in	ADP
cjfa-3240	291	35	2009	2009	NUM
cjfa-3240	291	36	.	.	PUNCT
cjfa-3240	292	1	the	the	DET
cjfa-3240	292	2	second	second	ADJ
cjfa-3240	292	3	most	most	ADV
cjfa-3240	292	4	important	important	ADJ
cjfa-3240	292	5	type	type	NOUN
cjfa-3240	292	6	of	of	ADP
cjfa-3240	292	7	compensation	compensation	NOUN
cjfa-3240	292	8	is	be	AUX
cjfa-3240	292	9	other	other	ADJ
cjfa-3240	292	10	perquisites	perquisite	NOUN
cjfa-3240	292	11	.	.	PUNCT
cjfa-3240	293	1	this	this	DET
cjfa-3240	293	2	concept	concept	NOUN
cjfa-3240	293	3	is	be	AUX
cjfa-3240	293	4	characterized	characterize	VERB
cjfa-3240	293	5	to	to	PART
cjfa-3240	293	6	present	present	VERB
cjfa-3240	293	7	a	a	DET
cjfa-3240	293	8	heterogeneous	heterogeneous	ADJ
cjfa-3240	293	9	and	and	CCONJ
cjfa-3240	293	10	,	,	PUNCT
cjfa-3240	293	11	in	in	ADP
cjfa-3240	293	12	general	general	ADJ
cjfa-3240	293	13	,	,	PUNCT
cjfa-3240	293	14	greater	great	ADJ
cjfa-3240	293	15	discretion	discretion	NOUN
cjfa-3240	293	16	.	.	PUNCT
cjfa-3240	294	1	regarding	regard	VERB
cjfa-3240	294	2	salary	salary	NOUN
cjfa-3240	294	3	fees	fee	NOUN
cjfa-3240	294	4	have	have	AUX
cjfa-3240	294	5	remained	remain	VERB
cjfa-3240	294	6	constant	constant	ADJ
cjfa-3240	294	7	,	,	PUNCT
cjfa-3240	294	8	representing	represent	VERB
cjfa-3240	294	9	around	around	ADP
cjfa-3240	294	10	10	10	NUM
cjfa-3240	294	11	%	%	NOUN
cjfa-3240	294	12	of	of	ADP
cjfa-3240	294	13	the	the	DET
cjfa-3240	294	14	total	total	ADJ
cjfa-3240	294	15	remuneration	remuneration	NOUN
cjfa-3240	294	16	.	.	PUNCT
cjfa-3240	295	1	also	also	ADV
cjfa-3240	295	2	,	,	PUNCT
cjfa-3240	295	3	attendance	attendance	NOUN
cjfa-3240	295	4	fees	fee	NOUN
cjfa-3240	295	5	maintain	maintain	VERB
cjfa-3240	295	6	its	its	PRON
cjfa-3240	295	7	participation	participation	NOUN
cjfa-3240	295	8	from	from	ADP
cjfa-3240	295	9	14.26	14.26	NUM
cjfa-3240	295	10	%	%	NOUN
cjfa-3240	295	11	,	,	PUNCT
cjfa-3240	295	12	in	in	ADP
cjfa-3240	295	13	2004	2004	NUM
cjfa-3240	295	14	,	,	PUNCT
cjfa-3240	295	15	to	to	ADP
cjfa-3240	295	16	12.52	12.52	NUM
cjfa-3240	295	17	%	%	NOUN
cjfa-3240	295	18	,	,	PUNCT
cjfa-3240	295	19	in	in	ADP
cjfa-3240	295	20	2009	2009	NUM
cjfa-3240	295	21	.	.	PUNCT
cjfa-3240	296	1	the	the	DET
cjfa-3240	296	2	statistical	statistical	ADJ
cjfa-3240	296	3	behaviour	behaviour	NOUN
cjfa-3240	296	4	of	of	ADP
cjfa-3240	296	5	dependent	dependent	ADJ
cjfa-3240	296	6	and	and	CCONJ
cjfa-3240	296	7	independent	independent	ADJ
cjfa-3240	296	8	variables	variable	NOUN
cjfa-3240	296	9	for	for	ADP
cjfa-3240	296	10	the	the	DET
cjfa-3240	296	11	full	full	ADJ
cjfa-3240	296	12	panel	panel	NOUN
cjfa-3240	296	13	is	be	AUX
cjfa-3240	296	14	shown	show	VERB
cjfa-3240	296	15	in	in	ADP
cjfa-3240	296	16	table	table	NOUN
cjfa-3240	296	17	3	3	NUM
cjfa-3240	296	18	.	.	PUNCT
cjfa-3240	296	19	table	table	NOUN
cjfa-3240	296	20	3	3	NUM
cjfa-3240	296	21	.	.	PUNCT
cjfa-3240	296	22	descriptive	descriptive	ADJ
cjfa-3240	296	23	summary	summary	NOUN
cjfa-3240	296	24	statistics	statistic	NOUN
cjfa-3240	296	25	on	on	ADP
cjfa-3240	296	26	panel	panel	NOUN
cjfa-3240	296	27	data	datum	NOUN
cjfa-3240	296	28	variablesa	variablesa	ADJ
cjfa-3240	296	29	variable	variable	ADJ
cjfa-3240	296	30	mean	mean	VERB
cjfa-3240	296	31	standard	standard	ADJ
cjfa-3240	296	32	deviation	deviation	NOUN
cjfa-3240	296	33	minimum	minimum	ADJ
cjfa-3240	296	34	maximum	maximum	ADJ
cjfa-3240	296	35	dependent	dependent	ADJ
cjfa-3240	296	36	variables	variable	NOUN
cjfa-3240	296	37	compen	compen	VERB
cjfa-3240	296	38	11.878	11.878	NUM
cjfa-3240	296	39	1.084	1.084	NUM
cjfa-3240	296	40	7.536	7.536	NUM
cjfa-3240	296	41	14.805	14.805	NUM
cjfa-3240	296	42	fixrem	fixrem	ADJ
cjfa-3240	297	1	10.974	10.974	NUM
cjfa-3240	297	2	0.892	0.892	NUM
cjfa-3240	297	3	8.321	8.321	NUM
cjfa-3240	297	4	13.145	13.145	NUM
cjfa-3240	297	5	varrem	varrem	VERB
cjfa-3240	297	6	10.547	10.547	NUM
cjfa-3240	297	7	1.275	1.275	NUM
cjfa-3240	297	8	6.789	6.789	NUM
cjfa-3240	297	9	13.879	13.879	NUM
cjfa-3240	297	10	salfee	salfee	NOUN
cjfa-3240	297	11	9.988	9.988	NUM
cjfa-3240	297	12	1.135	1.135	NUM
cjfa-3240	297	13	5.655	5.655	NUM
cjfa-3240	297	14	12.391	12.391	NUM
cjfa-3240	297	15	attfee	attfee	NOUN
cjfa-3240	297	16	11.069	11.069	NUM
cjfa-3240	297	17	0.923	0.923	NUM
cjfa-3240	297	18	8.071	8.071	NUM
cjfa-3240	297	19	12.595	12.595	NUM
cjfa-3240	297	20	othper	othper	NOUN
cjfa-3240	297	21	9.651	9.651	NUM
cjfa-3240	297	22	2.300	2.300	NUM
cjfa-3240	297	23	4.199	4.199	NUM
cjfa-3240	297	24	14.537	14.537	NUM
cjfa-3240	297	25	8	8	NUM
cjfa-3240	297	26	 	 	SPACE
cjfa-3240	297	27	for	for	ADP
cjfa-3240	297	28	each	each	PRON
cjfa-3240	297	29	of	of	ADP
cjfa-3240	297	30	these	these	DET
cjfa-3240	297	31	studies	study	NOUN
cjfa-3240	297	32	the	the	DET
cjfa-3240	297	33	authors	author	NOUN
cjfa-3240	297	34	have	have	AUX
cjfa-3240	297	35	taken	take	VERB
cjfa-3240	297	36	the	the	DET
cjfa-3240	297	37	companies	company	NOUN
cjfa-3240	297	38	which	which	PRON
cjfa-3240	297	39	have	have	VERB
cjfa-3240	297	40	the	the	DET
cjfa-3240	297	41	information	information	NOUN
cjfa-3240	297	42	necessary	necessary	ADJ
cjfa-3240	297	43	,	,	PUNCT
cjfa-3240	297	44	replacing	replace	VERB
cjfa-3240	297	45	those	those	PRON
cjfa-3240	297	46	that	that	PRON
cjfa-3240	297	47	did	do	AUX
cjfa-3240	297	48	not	not	PART
cjfa-3240	297	49	meet	meet	VERB
cjfa-3240	297	50	this	this	DET
cjfa-3240	297	51	requirement	requirement	NOUN
cjfa-3240	297	52	.	.	PUNCT
cjfa-3240	298	1	so	so	ADV
cjfa-3240	298	2	that	that	SCONJ
cjfa-3240	298	3	,	,	PUNCT
cjfa-3240	298	4	the	the	DET
cjfa-3240	298	5	samples	sample	NOUN
cjfa-3240	298	6	are	be	AUX
cjfa-3240	298	7	not	not	PART
cjfa-3240	298	8	identical	identical	ADJ
cjfa-3240	298	9	despite	despite	SCONJ
cjfa-3240	298	10	its	its	PRON
cjfa-3240	298	11	size	size	NOUN
cjfa-3240	298	12	it	it	PRON
cjfa-3240	298	13	is	be	AUX
cjfa-3240	298	14	.	.	PUNCT
cjfa-3240	299	1	elena	elena	PROPN
cjfa-3240	299	2	merino	merino	PROPN
cjfa-3240	299	3	,	,	PUNCT
cjfa-3240	299	4	montserrat	montserrat	PROPN
cjfa-3240	299	5	manzaneque	manzaneque	NOUN
cjfa-3240	299	6	,	,	PUNCT
cjfa-3240	299	7	alba	alba	PROPN
cjfa-3240	299	8	mª	mª	PROPN
cjfa-3240	299	9	priego140	priego140	PROPN
cjfa-3240	299	10	variable	variable	NOUN
cjfa-3240	299	11	mean	mean	VERB
cjfa-3240	299	12	standard	standard	ADJ
cjfa-3240	299	13	deviation	deviation	NOUN
cjfa-3240	299	14	minimum	minimum	ADJ
cjfa-3240	299	15	maximum	maximum	PROPN
cjfa-3240	299	16	board	board	NOUN
cjfa-3240	299	17	characteristics	characteristic	NOUN
cjfa-3240	299	18	variables	variable	VERB
cjfa-3240	299	19	owndir	owndir	ADV
cjfa-3240	299	20	0.235	0.235	NUM
cjfa-3240	299	21	0.255	0.255	NUM
cjfa-3240	299	22	0	0	NUM
cjfa-3240	299	23	0.993	0.993	NUM
cjfa-3240	299	24	ceodua	ceodua	NOUN
cjfa-3240	299	25	0.643	0.643	NUM
cjfa-3240	300	1	0.479	0.479	NUM
cjfa-3240	300	2	0	0	SYM
cjfa-3240	300	3	1	1	NUM
cjfa-3240	300	4	outsid	outsid	ADJ
cjfa-3240	300	5	0.314	0.314	NUM
cjfa-3240	300	6	0.177	0.177	NUM
cjfa-3240	300	7	0	0	NUM
cjfa-3240	300	8	0.857	0.857	NUM
cjfa-3240	300	9	brdsize	brdsize	NOUN
cjfa-3240	300	10	11.252	11.252	NUM
cjfa-3240	300	11	3.978	3.978	NUM
cjfa-3240	300	12	3	3	NUM
cjfa-3240	300	13	24	24	NUM
cjfa-3240	300	14	control	control	NOUN
cjfa-3240	300	15	variables	variable	NOUN
cjfa-3240	300	16	crpsize	crpsize	VERB
cjfa-3240	300	17	20.204	20.204	NUM
cjfa-3240	300	18	1.786	1.786	NUM
cjfa-3240	300	19	16.447	16.447	NUM
cjfa-3240	300	20	25.144	25.144	NUM
cjfa-3240	300	21	industry	industry	NOUN
cjfa-3240	300	22	2.921	2.921	NUM
cjfa-3240	300	23	1.224	1.224	NUM
cjfa-3240	300	24	1	1	NUM
cjfa-3240	300	25	5	5	NUM
cjfa-3240	300	26	roa	roa	NOUN
cjfa-3240	300	27	0.032	0.032	NUM
cjfa-3240	300	28	0.117	0.117	NUM
cjfa-3240	300	29	-1.062	-1.062	NOUN
cjfa-3240	300	30	0.472	0.472	NUM
cjfa-3240	300	31	stockret	stockret	VERB
cjfa-3240	300	32	1.112	1.112	NUM
cjfa-3240	300	33	0.656	0.656	NUM
cjfa-3240	300	34	0.029	0.029	NUM
cjfa-3240	300	35	8.688	8.688	NUM
cjfa-3240	300	36	a.	a.	NOUN
cjfa-3240	301	1	this	this	DET
cjfa-3240	301	2	table	table	NOUN
cjfa-3240	301	3	details	detail	NOUN
cjfa-3240	301	4	a	a	DET
cjfa-3240	301	5	summary	summary	NOUN
cjfa-3240	301	6	of	of	ADP
cjfa-3240	301	7	statistics	statistic	NOUN
cjfa-3240	301	8	on	on	ADP
cjfa-3240	301	9	the	the	DET
cjfa-3240	301	10	basis	basis	NOUN
cjfa-3240	301	11	variables	variable	NOUN
cjfa-3240	301	12	of	of	ADP
cjfa-3240	301	13	interest	interest	NOUN
cjfa-3240	301	14	:	:	PUNCT
cjfa-3240	301	15	compen	compen	NOUN
cjfa-3240	301	16	,	,	PUNCT
cjfa-3240	301	17	natural	natural	ADJ
cjfa-3240	301	18	log	log	NOUN
cjfa-3240	301	19	of	of	ADP
cjfa-3240	301	20	total	total	ADJ
cjfa-3240	301	21	compensation	compensation	NOUN
cjfa-3240	301	22	by	by	ADP
cjfa-3240	301	23	member	member	NOUN
cjfa-3240	301	24	of	of	ADP
cjfa-3240	301	25	the	the	DET
cjfa-3240	301	26	board	board	NOUN
cjfa-3240	301	27	of	of	ADP
cjfa-3240	301	28	directors	director	NOUN
cjfa-3240	301	29	;	;	PUNCT
cjfa-3240	301	30	fixrem	fixrem	ADJ
cjfa-3240	301	31	,	,	PUNCT
cjfa-3240	301	32	natural	natural	ADJ
cjfa-3240	301	33	log	log	NOUN
cjfa-3240	301	34	of	of	ADP
cjfa-3240	301	35	fixed	fix	VERB
cjfa-3240	301	36	compensation	compensation	NOUN
cjfa-3240	301	37	by	by	ADP
cjfa-3240	301	38	member	member	NOUN
cjfa-3240	301	39	of	of	ADP
cjfa-3240	301	40	the	the	DET
cjfa-3240	301	41	board	board	NOUN
cjfa-3240	301	42	of	of	ADP
cjfa-3240	301	43	directors	director	NOUN
cjfa-3240	301	44	;	;	PUNCT
cjfa-3240	301	45	varrem	varrem	VERB
cjfa-3240	301	46	,	,	PUNCT
cjfa-3240	301	47	natural	natural	ADJ
cjfa-3240	301	48	log	log	NOUN
cjfa-3240	301	49	of	of	ADP
cjfa-3240	301	50	variable	variable	ADJ
cjfa-3240	301	51	compensation	compensation	NOUN
cjfa-3240	301	52	by	by	ADP
cjfa-3240	301	53	member	member	NOUN
cjfa-3240	301	54	of	of	ADP
cjfa-3240	301	55	the	the	DET
cjfa-3240	301	56	board	board	NOUN
cjfa-3240	301	57	of	of	ADP
cjfa-3240	301	58	directors	director	NOUN
cjfa-3240	301	59	;	;	PUNCT
cjfa-3240	301	60	salfee	salfee	NOUN
cjfa-3240	301	61	,	,	PUNCT
cjfa-3240	301	62	natural	natural	ADJ
cjfa-3240	301	63	log	log	NOUN
cjfa-3240	301	64	of	of	ADP
cjfa-3240	301	65	salary	salary	NOUN
cjfa-3240	301	66	fees	fee	NOUN
cjfa-3240	301	67	by	by	ADP
cjfa-3240	301	68	member	member	NOUN
cjfa-3240	301	69	of	of	ADP
cjfa-3240	301	70	the	the	DET
cjfa-3240	301	71	board	board	NOUN
cjfa-3240	301	72	of	of	ADP
cjfa-3240	301	73	directors	director	NOUN
cjfa-3240	301	74	;	;	PUNCT
cjfa-3240	301	75	attfee	attfee	NOUN
cjfa-3240	301	76	,	,	PUNCT
cjfa-3240	301	77	natural	natural	ADJ
cjfa-3240	301	78	log	log	NOUN
cjfa-3240	301	79	of	of	ADP
cjfa-3240	301	80	attendance	attendance	NOUN
cjfa-3240	301	81	fees	fee	NOUN
cjfa-3240	301	82	by	by	ADP
cjfa-3240	301	83	members	member	NOUN
cjfa-3240	301	84	of	of	ADP
cjfa-3240	301	85	the	the	DET
cjfa-3240	301	86	board	board	NOUN
cjfa-3240	301	87	of	of	ADP
cjfa-3240	301	88	directors	director	NOUN
cjfa-3240	301	89	;	;	PUNCT
cjfa-3240	301	90	othper	othper	ADJ
cjfa-3240	301	91	,	,	PUNCT
cjfa-3240	301	92	natural	natural	ADJ
cjfa-3240	301	93	log	log	NOUN
cjfa-3240	301	94	of	of	ADP
cjfa-3240	301	95	other	other	ADJ
cjfa-3240	301	96	perquisites	perquisite	NOUN
cjfa-3240	301	97	by	by	ADP
cjfa-3240	301	98	member	member	NOUN
cjfa-3240	301	99	of	of	ADP
cjfa-3240	301	100	the	the	DET
cjfa-3240	301	101	board	board	NOUN
cjfa-3240	301	102	of	of	ADP
cjfa-3240	301	103	directors	director	NOUN
cjfa-3240	301	104	;	;	PUNCT
cjfa-3240	301	105	owndir	owndir	NOUN
cjfa-3240	301	106	,	,	PUNCT
cjfa-3240	301	107	proportion	proportion	NOUN
cjfa-3240	301	108	of	of	ADP
cjfa-3240	301	109	shares	share	NOUN
cjfa-3240	301	110	owned	own	VERB
cjfa-3240	301	111	by	by	ADP
cjfa-3240	301	112	the	the	DET
cjfa-3240	301	113	board	board	NOUN
cjfa-3240	301	114	of	of	ADP
cjfa-3240	301	115	directors	director	NOUN
cjfa-3240	301	116	;	;	PUNCT
cjfa-3240	302	1	ceodua	ceodua	NOUN
cjfa-3240	302	2	,	,	PUNCT
cjfa-3240	302	3	dummy	dummy	ADJ
cjfa-3240	302	4	variable	variable	NOUN
cjfa-3240	302	5	which	which	PRON
cjfa-3240	302	6	takes	take	VERB
cjfa-3240	302	7	value	value	NOUN
cjfa-3240	302	8	1	1	NUM
cjfa-3240	302	9	when	when	SCONJ
cjfa-3240	302	10	both	both	DET
cjfa-3240	302	11	roles	role	NOUN
cjfa-3240	302	12	are	be	AUX
cjfa-3240	302	13	held	hold	VERB
cjfa-3240	302	14	by	by	ADP
cjfa-3240	302	15	the	the	DET
cjfa-3240	302	16	same	same	ADJ
cjfa-3240	302	17	person	person	NOUN
cjfa-3240	302	18	,	,	PUNCT
cjfa-3240	302	19	and	and	CCONJ
cjfa-3240	302	20	0	0	NUM
cjfa-3240	302	21	,	,	PUNCT
cjfa-3240	302	22	when	when	SCONJ
cjfa-3240	302	23	they	they	PRON
cjfa-3240	302	24	are	be	AUX
cjfa-3240	302	25	not	not	PART
cjfa-3240	302	26	;	;	PUNCT
cjfa-3240	302	27	outsid	outsid	ADJ
cjfa-3240	302	28	,	,	PUNCT
cjfa-3240	302	29	proportion	proportion	NOUN
cjfa-3240	302	30	of	of	ADP
cjfa-3240	302	31	outside	outside	ADJ
cjfa-3240	302	32	directors	director	NOUN
cjfa-3240	302	33	on	on	ADP
cjfa-3240	302	34	the	the	DET
cjfa-3240	302	35	board	board	NOUN
cjfa-3240	302	36	of	of	ADP
cjfa-3240	302	37	directors	director	NOUN
cjfa-3240	302	38	;	;	PUNCT
cjfa-3240	302	39	brdsiz	brdsiz	NUM
cjfa-3240	302	40	,	,	PUNCT
cjfa-3240	302	41	number	number	NOUN
cjfa-3240	302	42	of	of	ADP
cjfa-3240	302	43	members	member	NOUN
cjfa-3240	302	44	in	in	ADP
cjfa-3240	302	45	the	the	DET
cjfa-3240	302	46	board	board	NOUN
cjfa-3240	302	47	of	of	ADP
cjfa-3240	302	48	directors	director	NOUN
cjfa-3240	302	49	;	;	PUNCT
cjfa-3240	302	50	crpsize	crpsize	NOUN
cjfa-3240	302	51	,	,	PUNCT
cjfa-3240	302	52	corporate	corporate	ADJ
cjfa-3240	302	53	size	size	NOUN
cjfa-3240	302	54	measured	measure	VERB
cjfa-3240	302	55	by	by	ADP
cjfa-3240	302	56	the	the	DET
cjfa-3240	302	57	logarithm	logarithm	NOUN
cjfa-3240	302	58	of	of	ADP
cjfa-3240	302	59	total	total	ADJ
cjfa-3240	302	60	assets	asset	NOUN
cjfa-3240	302	61	;	;	PUNCT
cjfa-3240	302	62	industry	industry	NOUN
cjfa-3240	302	63	,	,	PUNCT
cjfa-3240	302	64	industry	industry	NOUN
cjfa-3240	302	65	dummies	dummy	NOUN
cjfa-3240	302	66	;	;	PUNCT
cjfa-3240	302	67	roa	roa	NOUN
cjfa-3240	302	68	,	,	PUNCT
cjfa-3240	302	69	return	return	VERB
cjfa-3240	302	70	on	on	ADP
cjfa-3240	302	71	assets	asset	NOUN
cjfa-3240	302	72	,	,	PUNCT
cjfa-3240	302	73	ratio	ratio	NOUN
cjfa-3240	302	74	of	of	ADP
cjfa-3240	302	75	operating	operate	VERB
cjfa-3240	302	76	income	income	NOUN
cjfa-3240	302	77	to	to	ADP
cjfa-3240	302	78	net	net	ADJ
cjfa-3240	302	79	assets	asset	NOUN
cjfa-3240	302	80	;	;	PUNCT
cjfa-3240	302	81	and	and	CCONJ
cjfa-3240	302	82	,	,	PUNCT
cjfa-3240	302	83	stockret	stockret	VERB
cjfa-3240	302	84	,	,	PUNCT
cjfa-3240	302	85	stock	stock	NOUN
cjfa-3240	302	86	return	return	NOUN
cjfa-3240	302	87	,	,	PUNCT
cjfa-3240	302	88	measured	measure	VERB
cjfa-3240	302	89	as	as	ADP
cjfa-3240	302	90	the	the	DET
cjfa-3240	302	91	sum	sum	NOUN
cjfa-3240	302	92	of	of	ADP
cjfa-3240	302	93	stock	stock	NOUN
cjfa-3240	302	94	price	price	NOUN
cjfa-3240	302	95	and	and	CCONJ
cjfa-3240	302	96	dividend	dividend	NOUN
cjfa-3240	302	97	per	per	ADP
cjfa-3240	302	98	share	share	NOUN
cjfa-3240	302	99	over	over	ADP
cjfa-3240	302	100	stock	stock	NOUN
cjfa-3240	302	101	price	price	NOUN
cjfa-3240	302	102	in	in	ADP
cjfa-3240	302	103	the	the	DET
cjfa-3240	302	104	year	year	NOUN
cjfa-3240	302	105	before	before	ADV
cjfa-3240	302	106	.	.	PUNCT
cjfa-3240	303	1	s	s	PART
cjfa-3240	303	2	o	o	X
cjfa-3240	303	3	u	u	NOUN
cjfa-3240	303	4	r	r	NOUN
cjfa-3240	303	5	c	c	NOUN
cjfa-3240	303	6	e	e	NOUN
cjfa-3240	303	7	:	:	PUNCT
cjfa-3240	303	8	authors	author	NOUN
cjfa-3240	303	9	’	'	PUNCT
cjfa-3240	303	10	own	own	ADJ
cjfa-3240	303	11	.	.	PUNCT
cjfa-3240	304	1	in	in	ADP
cjfa-3240	304	2	connection	connection	NOUN
cjfa-3240	304	3	with	with	ADP
cjfa-3240	304	4	the	the	DET
cjfa-3240	304	5	characteristics	characteristic	NOUN
cjfa-3240	304	6	of	of	ADP
cjfa-3240	304	7	the	the	DET
cjfa-3240	304	8	board	board	NOUN
cjfa-3240	304	9	,	,	PUNCT
cjfa-3240	304	10	the	the	DET
cjfa-3240	304	11	result	result	NOUN
cjfa-3240	304	12	coincide	coincide	NOUN
cjfa-3240	304	13	with	with	ADP
cjfa-3240	304	14	manzaneque	manzaneque	PROPN
cjfa-3240	304	15	et	et	PROPN
cjfa-3240	304	16	al	al	PROPN
cjfa-3240	304	17	.	.	PROPN
cjfa-3240	305	1	(	(	PUNCT
cjfa-3240	305	2	2011	2011	NUM
cjfa-3240	305	3	)	)	PUNCT
cjfa-3240	305	4	and	and	CCONJ
cjfa-3240	305	5	merino	merino	NOUN
cjfa-3240	305	6	et	et	PROPN
cjfa-3240	305	7	al	al	PROPN
cjfa-3240	305	8	.	.	PROPN
cjfa-3240	306	1	(	(	PUNCT
cjfa-3240	306	2	2012	2012	NUM
cjfa-3240	306	3	)	)	PUNCT
cjfa-3240	306	4	due	due	ADP
cjfa-3240	306	5	to	to	ADP
cjfa-3240	306	6	the	the	DET
cjfa-3240	306	7	similarity	similarity	NOUN
cjfa-3240	306	8	between	between	ADP
cjfa-3240	306	9	samples	sample	NOUN
cjfa-3240	306	10	,	,	PUNCT
cjfa-3240	306	11	as	as	SCONJ
cjfa-3240	306	12	we	we	PRON
cjfa-3240	306	13	have	have	AUX
cjfa-3240	306	14	explained	explain	VERB
cjfa-3240	306	15	previously	previously	ADV
cjfa-3240	306	16	.	.	PUNCT
cjfa-3240	307	1	so	so	ADV
cjfa-3240	307	2	,	,	PUNCT
cjfa-3240	307	3	in	in	ADP
cjfa-3240	307	4	relation	relation	NOUN
cjfa-3240	307	5	with	with	ADP
cjfa-3240	307	6	the	the	DET
cjfa-3240	307	7	shareholding	shareholding	NOUN
cjfa-3240	307	8	by	by	ADP
cjfa-3240	307	9	members	member	NOUN
cjfa-3240	307	10	of	of	ADP
cjfa-3240	307	11	the	the	DET
cjfa-3240	307	12	boards	board	NOUN
cjfa-3240	307	13	of	of	ADP
cjfa-3240	307	14	directors	director	NOUN
cjfa-3240	307	15	the	the	DET
cjfa-3240	307	16	results	result	NOUN
cjfa-3240	307	17	show	show	VERB
cjfa-3240	307	18	an	an	DET
cjfa-3240	307	19	average	average	NOUN
cjfa-3240	307	20	of	of	ADP
cjfa-3240	307	21	around	around	ADP
cjfa-3240	307	22	24	24	NUM
cjfa-3240	307	23	%	%	NOUN
cjfa-3240	307	24	,	,	PUNCT
cjfa-3240	307	25	near	near	ADP
cjfa-3240	307	26	of	of	ADP
cjfa-3240	307	27	a	a	DET
cjfa-3240	307	28	quarter	quarter	NOUN
cjfa-3240	307	29	of	of	ADP
cjfa-3240	307	30	total	total	ADJ
cjfa-3240	307	31	ownership	ownership	NOUN
cjfa-3240	307	32	.	.	PUNCT
cjfa-3240	308	1	the	the	DET
cjfa-3240	308	2	results	result	NOUN
cjfa-3240	308	3	showed	show	VERB
cjfa-3240	308	4	that	that	SCONJ
cjfa-3240	308	5	the	the	DET
cjfa-3240	308	6	duality	duality	NOUN
cjfa-3240	308	7	of	of	ADP
cjfa-3240	308	8	chairman	chairman	NOUN
cjfa-3240	308	9	and	and	CCONJ
cjfa-3240	308	10	chief	chief	ADJ
cjfa-3240	308	11	executive	executive	ADJ
cjfa-3240	308	12	officer	officer	NOUN
cjfa-3240	308	13	occurs	occur	VERB
cjfa-3240	308	14	in	in	ADP
cjfa-3240	308	15	more	more	ADJ
cjfa-3240	308	16	than	than	ADP
cjfa-3240	308	17	60	60	NUM
cjfa-3240	308	18	%	%	NOUN
cjfa-3240	308	19	of	of	ADP
cjfa-3240	308	20	the	the	DET
cjfa-3240	308	21	firms	firm	NOUN
cjfa-3240	308	22	looked	look	VERB
cjfa-3240	308	23	at	at	ADP
cjfa-3240	308	24	.	.	PUNCT
cjfa-3240	309	1	also	also	ADV
cjfa-3240	309	2	,	,	PUNCT
cjfa-3240	309	3	in	in	ADP
cjfa-3240	309	4	relation	relation	NOUN
cjfa-3240	309	5	to	to	ADP
cjfa-3240	309	6	the	the	DET
cjfa-3240	309	7	presence	presence	NOUN
cjfa-3240	309	8	of	of	ADP
cjfa-3240	309	9	outsiders	outsider	NOUN
cjfa-3240	309	10	on	on	ADP
cjfa-3240	309	11	the	the	DET
cjfa-3240	309	12	board	board	NOUN
cjfa-3240	309	13	of	of	ADP
cjfa-3240	309	14	directors	director	NOUN
cjfa-3240	309	15	,	,	PUNCT
cjfa-3240	309	16	an	an	DET
cjfa-3240	309	17	average	average	NOUN
cjfa-3240	309	18	of	of	ADP
cjfa-3240	309	19	31	31	NUM
cjfa-3240	309	20	%	%	NOUN
cjfa-3240	309	21	was	be	AUX
cjfa-3240	309	22	obtained	obtain	VERB
cjfa-3240	309	23	.	.	PUNCT
cjfa-3240	310	1	finally	finally	ADV
cjfa-3240	310	2	,	,	PUNCT
cjfa-3240	310	3	the	the	DET
cjfa-3240	310	4	size	size	NOUN
cjfa-3240	310	5	of	of	ADP
cjfa-3240	310	6	the	the	DET
cjfa-3240	310	7	board	board	NOUN
cjfa-3240	310	8	of	of	ADP
cjfa-3240	310	9	directors	director	NOUN
cjfa-3240	310	10	on	on	ADP
cjfa-3240	310	11	average	average	ADJ
cjfa-3240	310	12	is	be	AUX
cjfa-3240	310	13	11.25	11.25	NUM
cjfa-3240	310	14	members	member	NOUN
cjfa-3240	310	15	.	.	PUNCT
cjfa-3240	311	1	the	the	DET
cjfa-3240	311	2	binary	binary	ADJ
cjfa-3240	311	3	correlation	correlation	NOUN
cjfa-3240	311	4	between	between	ADP
cjfa-3240	311	5	all	all	DET
cjfa-3240	311	6	variables	variable	NOUN
cjfa-3240	311	7	is	be	AUX
cjfa-3240	311	8	reported	report	VERB
cjfa-3240	311	9	in	in	ADP
cjfa-3240	311	10	table	table	NOUN
cjfa-3240	311	11	4	4	NUM
cjfa-3240	311	12	.	.	PUNCT
cjfa-3240	312	1	ta	ta	AUX
cjfa-3240	312	2	bl	bl	PROPN
cjfa-3240	312	3	e	e	PROPN
cjfa-3240	312	4	4	4	NUM
cjfa-3240	312	5	.	.	PUNCT
cjfa-3240	312	6	s	s	VERB
cjfa-3240	312	7	pe	pe	PROPN
cjfa-3240	312	8	ar	ar	PROPN
cjfa-3240	312	9	m	m	PROPN
cjfa-3240	312	10	an	an	DET
cjfa-3240	312	11	c	c	NOUN
cjfa-3240	312	12	or	or	CCONJ
cjfa-3240	312	13	re	re	ADJ
cjfa-3240	312	14	la	la	X
cjfa-3240	312	15	tio	tio	NOUN
cjfa-3240	313	1	ns	ns	NUM
cjfa-3240	313	2	1	1	NUM
cjfa-3240	313	3	2	2	NUM
cjfa-3240	313	4	3	3	NUM
cjfa-3240	313	5	4	4	NUM
cjfa-3240	313	6	5	5	NUM
cjfa-3240	313	7	6	6	NUM
cjfa-3240	313	8	7	7	NUM
cjfa-3240	313	9	8	8	NUM
cjfa-3240	313	10	9	9	NUM
cjfa-3240	313	11	10	10	NUM
cjfa-3240	313	12	11	11	NUM
cjfa-3240	313	13	12	12	NUM
cjfa-3240	313	14	13	13	NUM
cjfa-3240	313	15	d	d	NOUN
cjfa-3240	313	16	ep	ep	PROPN
cjfa-3240	313	17	en	en	PROPN
cjfa-3240	313	18	de	de	PROPN
cjfa-3240	313	19	nt	nt	PROPN
cjfa-3240	313	20	va	va	PROPN
cjfa-3240	313	21	ri	ri	PROPN
cjfa-3240	313	22	ab	ab	PROPN
cjfa-3240	313	23	le	le	PROPN
cjfa-3240	313	24	s	s	PROPN
cjfa-3240	313	25	1	1	NUM
cjfa-3240	313	26	.	.	PUNCT
cjfa-3240	314	1	c	c	NOUN
cjfa-3240	315	1	o	o	NOUN
cjfa-3240	315	2	m	m	VERB
cjfa-3240	315	3	pe	pe	VERB
cjfa-3240	315	4	n	n	ADV
cjfa-3240	315	5	2	2	NUM
cjfa-3240	315	6	.	.	PUNCT
cjfa-3240	316	1	f	f	PROPN
cjfa-3240	316	2	ix	ix	X
cjfa-3240	316	3	re	re	PROPN
cjfa-3240	316	4	m	m	PROPN
cjfa-3240	316	5	0	0	NUM
cjfa-3240	316	6	.	.	PUNCT
cjfa-3240	316	7	70	70	NUM
cjfa-3240	316	8	80	80	NUM
cjfa-3240	317	1	*	*	PUNCT
cjfa-3240	317	2	*	*	PUNCT
cjfa-3240	317	3	*	*	PUNCT
cjfa-3240	317	4	3	3	NUM
cjfa-3240	317	5	.	.	PUNCT
cjfa-3240	317	6	v	v	X
cjfa-3240	317	7	ar	ar	PROPN
cjfa-3240	317	8	re	re	NOUN
cjfa-3240	317	9	m	m	PROPN
cjfa-3240	317	10	0	0	NUM
cjfa-3240	317	11	.	.	PUNCT
cjfa-3240	317	12	69	69	NUM
cjfa-3240	317	13	29	29	NUM
cjfa-3240	318	1	*	*	PUNCT
cjfa-3240	318	2	*	*	PUNCT
cjfa-3240	319	1	*	*	PUNCT
cjfa-3240	319	2	0	0	X
cjfa-3240	319	3	.	.	X
cjfa-3240	319	4	57	57	NUM
cjfa-3240	319	5	29	29	NUM
cjfa-3240	320	1	*	*	PUNCT
cjfa-3240	320	2	*	*	PUNCT
cjfa-3240	320	3	*	*	PUNCT
cjfa-3240	320	4	4	4	NUM
cjfa-3240	320	5	.s	.s	NOUN
cjfa-3240	320	6	al	al	PROPN
cjfa-3240	320	7	fe	fe	X
cjfa-3240	320	8	e	e	PROPN
cjfa-3240	320	9	0	0	PROPN
cjfa-3240	320	10	.	.	PROPN
cjfa-3240	320	11	36	36	NUM
cjfa-3240	320	12	69	69	NUM
cjfa-3240	321	1	*	*	PUNCT
cjfa-3240	321	2	*	*	PUNCT
cjfa-3240	322	1	*	*	PUNCT
cjfa-3240	322	2	0	0	X
cjfa-3240	322	3	.	.	NUM
cjfa-3240	322	4	25	25	NUM
cjfa-3240	322	5	49	49	NUM
cjfa-3240	322	6	*	*	PUNCT
cjfa-3240	322	7	*	*	PUNCT
cjfa-3240	323	1	*	*	PUNCT
cjfa-3240	323	2	0	0	NUM
cjfa-3240	323	3	.	.	NOUN
cjfa-3240	323	4	39	39	NUM
cjfa-3240	323	5	00	00	PUNCT
cjfa-3240	324	1	*	*	PUNCT
cjfa-3240	324	2	*	*	PUNCT
cjfa-3240	324	3	*	*	PUNCT
cjfa-3240	324	4	5	5	NUM
cjfa-3240	324	5	.	.	PUNCT
cjfa-3240	325	1	a	a	DET
cjfa-3240	325	2	tt	tt	PROPN
cjfa-3240	325	3	fe	fe	X
cjfa-3240	325	4	e	e	PROPN
cjfa-3240	325	5	0	0	PROPN
cjfa-3240	325	6	.	.	PROPN
cjfa-3240	325	7	72	72	NUM
cjfa-3240	325	8	74	74	NUM
cjfa-3240	325	9	*	*	PUNCT
cjfa-3240	325	10	*	*	PUNCT
cjfa-3240	326	1	*	*	PUNCT
cjfa-3240	326	2	04	04	NUM
cjfa-3240	327	1	37	37	NUM
cjfa-3240	327	2	4	4	NUM
cjfa-3240	327	3	*	*	PUNCT
cjfa-3240	327	4	*	*	PUNCT
cjfa-3240	327	5	*	*	PUNCT
cjfa-3240	327	6	0	0	X
cjfa-3240	327	7	.	.	X
cjfa-3240	328	1	42	42	NUM
cjfa-3240	328	2	10	10	NUM
cjfa-3240	328	3	*	*	PUNCT
cjfa-3240	328	4	*	*	PUNCT
cjfa-3240	329	1	*	*	PUNCT
cjfa-3240	329	2	0	0	NUM
cjfa-3240	329	3	.	.	NOUN
cjfa-3240	329	4	29	29	NUM
cjfa-3240	329	5	08	08	NUM
cjfa-3240	330	1	*	*	PUNCT
cjfa-3240	330	2	*	*	PUNCT
cjfa-3240	330	3	*	*	PUNCT
cjfa-3240	330	4	6	6	NUM
cjfa-3240	330	5	.	.	PUNCT
cjfa-3240	331	1	o	o	X
cjfa-3240	331	2	th	th	INTJ
cjfa-3240	331	3	pe	pe	INTJ
cjfa-3240	331	4	r	r	NOUN
cjfa-3240	331	5	0	0	NUM
cjfa-3240	331	6	.	.	PUNCT
cjfa-3240	332	1	56	56	NUM
cjfa-3240	332	2	27	27	NUM
cjfa-3240	332	3	*	*	PUNCT
cjfa-3240	332	4	*	*	PUNCT
cjfa-3240	333	1	*	*	PUNCT
cjfa-3240	333	2	0	0	X
cjfa-3240	333	3	.	.	NUM
cjfa-3240	333	4	21	21	NUM
cjfa-3240	333	5	42	42	NUM
cjfa-3240	334	1	*	*	PUNCT
cjfa-3240	334	2	*	*	PUNCT
cjfa-3240	335	1	*	*	PUNCT
cjfa-3240	335	2	0	0	NUM
cjfa-3240	335	3	.	.	NUM
cjfa-3240	335	4	18	18	NUM
cjfa-3240	335	5	86	86	NUM
cjfa-3240	335	6	*	*	PUNCT
cjfa-3240	335	7	*	*	NOUN
cjfa-3240	335	8	0	0	NUM
cjfa-3240	335	9	.	.	NUM
cjfa-3240	335	10	01	01	NUM
cjfa-3240	336	1	19	19	NUM
cjfa-3240	336	2	0	0	NUM
cjfa-3240	336	3	.	.	PUNCT
cjfa-3240	337	1	25	25	NUM
cjfa-3240	337	2	93	93	NUM
cjfa-3240	337	3	*	*	PUNCT
cjfa-3240	337	4	*	*	PUNCT
cjfa-3240	337	5	bo	bo	PROPN
cjfa-3240	337	6	ar	ar	PROPN
cjfa-3240	337	7	d	d	PROPN
cjfa-3240	337	8	ch	ch	PROPN
cjfa-3240	337	9	ar	ar	PROPN
cjfa-3240	337	10	ac	ac	PROPN
cjfa-3240	337	11	te	te	PROPN
cjfa-3240	337	12	ri	ri	PROPN
cjfa-3240	337	13	st	st	PROPN
cjfa-3240	337	14	ic	ic	PROPN
cjfa-3240	337	15	s	s	PROPN
cjfa-3240	337	16	va	va	PROPN
cjfa-3240	337	17	ri	ri	PROPN
cjfa-3240	337	18	ab	ab	PROPN
cjfa-3240	337	19	le	le	PROPN
cjfa-3240	337	20	s	s	PROPN
cjfa-3240	337	21	7	7	NUM
cjfa-3240	337	22	.	.	PUNCT
cjfa-3240	338	1	o	o	X
cjfa-3240	338	2	w	w	PROPN
cjfa-3240	338	3	n	n	PROPN
cjfa-3240	338	4	d	d	X
cjfa-3240	338	5	ir	ir	X
cjfa-3240	338	6	-0	-0	PUNCT
cjfa-3240	338	7	.1	.1	NUM
cjfa-3240	339	1	20	20	NUM
cjfa-3240	339	2	1	1	NUM
cjfa-3240	339	3	*	*	PUNCT
cjfa-3240	339	4	*	*	PUNCT
cjfa-3240	339	5	-0	-0	PUNCT
cjfa-3240	339	6	.0	.0	NUM
cjfa-3240	339	7	98	98	NUM
cjfa-3240	339	8	0	0	NUM
cjfa-3240	339	9	*	*	PUNCT
cjfa-3240	339	10	*	*	PUNCT
cjfa-3240	339	11	-0	-0	INTJ
cjfa-3240	339	12	.0	.0	NUM
cjfa-3240	339	13	78	78	NUM
cjfa-3240	339	14	0	0	NUM
cjfa-3240	340	1	-0	-0	SYM
cjfa-3240	340	2	.1	.1	NUM
cjfa-3240	340	3	21	21	NUM
cjfa-3240	340	4	8	8	NUM
cjfa-3240	340	5	*	*	PUNCT
cjfa-3240	340	6	*	*	PUNCT
cjfa-3240	340	7	-0	-0	INTJ
cjfa-3240	340	8	.0	.0	NUM
cjfa-3240	340	9	63	63	NUM
cjfa-3240	340	10	6	6	NUM
cjfa-3240	340	11	0	0	NUM
cjfa-3240	340	12	.	.	PUNCT
cjfa-3240	341	1	10	10	NUM
cjfa-3240	341	2	89	89	NUM
cjfa-3240	341	3	*	*	PUNCT
cjfa-3240	341	4	*	*	NOUN
cjfa-3240	341	5	8	8	NUM
cjfa-3240	341	6	.	.	PUNCT
cjfa-3240	342	1	c	c	X
cjfa-3240	342	2	eo	eo	PROPN
cjfa-3240	342	3	du	du	PROPN
cjfa-3240	342	4	a	a	PRON
cjfa-3240	342	5	0	0	PROPN
cjfa-3240	342	6	.	.	PROPN
cjfa-3240	342	7	21	21	NUM
cjfa-3240	342	8	55	55	NUM
cjfa-3240	342	9	*	*	PUNCT
cjfa-3240	342	10	*	*	PUNCT
cjfa-3240	343	1	*	*	PUNCT
cjfa-3240	343	2	0	0	X
cjfa-3240	343	3	.	.	NUM
cjfa-3240	343	4	24	24	NUM
cjfa-3240	343	5	14	14	NUM
cjfa-3240	343	6	*	*	PUNCT
cjfa-3240	343	7	*	*	PUNCT
cjfa-3240	344	1	*	*	PUNCT
cjfa-3240	344	2	0	0	NUM
cjfa-3240	344	3	.	.	NOUN
cjfa-3240	344	4	11	11	NUM
cjfa-3240	345	1	41	41	NUM
cjfa-3240	346	1	*	*	PUNCT
cjfa-3240	346	2	*	*	NOUN
cjfa-3240	346	3	0	0	NUM
cjfa-3240	346	4	.	.	PUNCT
cjfa-3240	346	5	16	16	NUM
cjfa-3240	346	6	04	04	NUM
cjfa-3240	347	1	*	*	PUNCT
cjfa-3240	348	1	*	*	PUNCT
cjfa-3240	348	2	*	*	PUNCT
cjfa-3240	349	1	0	0	X
cjfa-3240	349	2	.	.	NUM
cjfa-3240	349	3	26	26	NUM
cjfa-3240	349	4	95	95	NUM
cjfa-3240	350	1	*	*	PUNCT
cjfa-3240	350	2	*	*	PUNCT
cjfa-3240	351	1	*	*	PUNCT
cjfa-3240	351	2	0	0	NUM
cjfa-3240	351	3	.	.	NOUN
cjfa-3240	351	4	13	13	NUM
cjfa-3240	351	5	21	21	NUM
cjfa-3240	351	6	*	*	PUNCT
cjfa-3240	351	7	*	*	NOUN
cjfa-3240	351	8	0	0	NUM
cjfa-3240	351	9	.	.	X
cjfa-3240	352	1	10	10	NUM
cjfa-3240	352	2	46	46	NUM
cjfa-3240	352	3	*	*	PUNCT
cjfa-3240	352	4	*	*	NOUN
cjfa-3240	352	5	9	9	NUM
cjfa-3240	352	6	.	.	PUNCT
cjfa-3240	353	1	o	o	X
cjfa-3240	353	2	u	u	NOUN
cjfa-3240	353	3	ts	ts	ADP
cjfa-3240	353	4	i	i	PROPN
cjfa-3240	353	5	d	d	PROPN
cjfa-3240	353	6	0	0	PROPN
cjfa-3240	353	7	.	.	PUNCT
cjfa-3240	354	1	10	10	NUM
cjfa-3240	354	2	20	20	NUM
cjfa-3240	354	3	*	*	PUNCT
cjfa-3240	354	4	*	*	NOUN
cjfa-3240	354	5	0	0	NUM
cjfa-3240	354	6	.	.	NUM
cjfa-3240	354	7	08	08	NUM
cjfa-3240	355	1	76	76	NUM
cjfa-3240	356	1	*	*	PUNCT
cjfa-3240	356	2	*	*	NOUN
cjfa-3240	356	3	0	0	NUM
cjfa-3240	356	4	.	.	NUM
cjfa-3240	356	5	18	18	NUM
cjfa-3240	356	6	36	36	NUM
cjfa-3240	356	7	*	*	PUNCT
cjfa-3240	356	8	*	*	NOUN
cjfa-3240	356	9	0	0	NUM
cjfa-3240	356	10	.	.	NOUN
cjfa-3240	356	11	27	27	NUM
cjfa-3240	356	12	82	82	NUM
cjfa-3240	357	1	*	*	PUNCT
cjfa-3240	357	2	*	*	PUNCT
cjfa-3240	357	3	*	*	PUNCT
cjfa-3240	357	4	-0	-0	INTJ
cjfa-3240	357	5	.0	.0	NUM
cjfa-3240	357	6	24	24	NUM
cjfa-3240	357	7	3	3	NUM
cjfa-3240	357	8	0	0	NUM
cjfa-3240	357	9	.	.	PUNCT
cjfa-3240	358	1	09	09	NUM
cjfa-3240	358	2	12	12	NUM
cjfa-3240	358	3	-0	-0	SYM
cjfa-3240	358	4	.1	.1	NUM
cjfa-3240	358	5	14	14	NUM
cjfa-3240	358	6	3	3	NUM
cjfa-3240	358	7	*	*	PUNCT
cjfa-3240	358	8	*	*	NOUN
cjfa-3240	358	9	0	0	NUM
cjfa-3240	358	10	.	.	NOUN
cjfa-3240	358	11	07	07	NUM
cjfa-3240	358	12	31	31	NUM
cjfa-3240	358	13	10	10	NUM
cjfa-3240	358	14	.	.	PUNCT
cjfa-3240	359	1	b	b	X
cjfa-3240	359	2	rd	rd	PROPN
cjfa-3240	359	3	si	si	PROPN
cjfa-3240	359	4	ze	ze	PROPN
cjfa-3240	359	5	0	0	NUM
cjfa-3240	359	6	.	.	PUNCT
cjfa-3240	360	1	45	45	NUM
cjfa-3240	360	2	62	62	NUM
cjfa-3240	360	3	*	*	PUNCT
cjfa-3240	360	4	*	*	PUNCT
cjfa-3240	361	1	*	*	PUNCT
cjfa-3240	361	2	0	0	NUM
cjfa-3240	361	3	.	.	X
cjfa-3240	361	4	28	28	NUM
cjfa-3240	362	1	93	93	NUM
cjfa-3240	363	1	*	*	PUNCT
cjfa-3240	363	2	*	*	PUNCT
cjfa-3240	364	1	*	*	PUNCT
cjfa-3240	364	2	0	0	NUM
cjfa-3240	364	3	.	.	NOUN
cjfa-3240	364	4	20	20	NUM
cjfa-3240	364	5	94	94	NUM
cjfa-3240	364	6	*	*	PUNCT
cjfa-3240	364	7	*	*	PUNCT
cjfa-3240	365	1	*	*	PUNCT
cjfa-3240	365	2	0	0	X
cjfa-3240	365	3	.	.	NUM
cjfa-3240	365	4	02	02	NUM
cjfa-3240	366	1	33	33	NUM
cjfa-3240	366	2	0	0	NUM
cjfa-3240	366	3	.	.	PUNCT
cjfa-3240	367	1	39	39	NUM
cjfa-3240	367	2	07	07	NUM
cjfa-3240	367	3	*	*	PUNCT
cjfa-3240	367	4	*	*	PUNCT
cjfa-3240	368	1	*	*	PUNCT
cjfa-3240	368	2	0	0	X
cjfa-3240	368	3	.	.	NUM
cjfa-3240	369	1	34	34	NUM
cjfa-3240	369	2	63	63	NUM
cjfa-3240	369	3	*	*	PUNCT
cjfa-3240	369	4	*	*	PUNCT
cjfa-3240	369	5	*	*	PUNCT
cjfa-3240	369	6	-0	-0	PUNCT
cjfa-3240	369	7	.1	.1	NUM
cjfa-3240	369	8	61	61	NUM
cjfa-3240	369	9	8	8	NUM
cjfa-3240	369	10	*	*	PUNCT
cjfa-3240	369	11	*	*	PUNCT
cjfa-3240	369	12	*	*	PUNCT
cjfa-3240	369	13	0	0	NUM
cjfa-3240	369	14	.	.	NOUN
cjfa-3240	369	15	11	11	NUM
cjfa-3240	369	16	87	87	NUM
cjfa-3240	369	17	*	*	PUNCT
cjfa-3240	369	18	*	*	PUNCT
cjfa-3240	369	19	-0	-0	INTJ
cjfa-3240	369	20	.0	.0	NUM
cjfa-3240	369	21	48	48	NUM
cjfa-3240	369	22	2	2	NUM
cjfa-3240	369	23	1	1	NUM
cjfa-3240	369	24	2	2	NUM
cjfa-3240	369	25	3	3	NUM
cjfa-3240	369	26	4	4	NUM
cjfa-3240	369	27	5	5	NUM
cjfa-3240	369	28	6	6	NUM
cjfa-3240	369	29	7	7	NUM
cjfa-3240	369	30	8	8	NUM
cjfa-3240	369	31	9	9	NUM
cjfa-3240	369	32	10	10	NUM
cjfa-3240	369	33	11	11	NUM
cjfa-3240	369	34	12	12	NUM
cjfa-3240	369	35	13	13	NUM
cjfa-3240	369	36	co	co	NOUN
cjfa-3240	369	37	nt	not	PART
cjfa-3240	369	38	ro	ro	PROPN
cjfa-3240	369	39	l	l	PROPN
cjfa-3240	369	40	va	va	PROPN
cjfa-3240	369	41	ri	ri	PROPN
cjfa-3240	369	42	ab	ab	PROPN
cjfa-3240	369	43	le	le	PROPN
cjfa-3240	369	44	s	s	PROPN
cjfa-3240	369	45	11	11	NUM
cjfa-3240	369	46	4	4	NUM
cjfa-3240	369	47	.	.	PUNCT
cjfa-3240	369	48	c	c	NOUN
cjfa-3240	369	49	rp	rp	PROPN
cjfa-3240	369	50	si	si	PROPN
cjfa-3240	369	51	ze	ze	PROPN
cjfa-3240	369	52	0	0	NUM
cjfa-3240	369	53	.	.	PUNCT
cjfa-3240	370	1	63	63	NUM
cjfa-3240	370	2	61	61	NUM
cjfa-3240	370	3	*	*	PUNCT
cjfa-3240	370	4	*	*	PUNCT
cjfa-3240	370	5	*	*	PUNCT
cjfa-3240	370	6	0	0	X
cjfa-3240	370	7	.	.	NUM
cjfa-3240	370	8	41	41	NUM
cjfa-3240	370	9	86	86	NUM
cjfa-3240	370	10	*	*	PUNCT
cjfa-3240	370	11	*	*	PUNCT
cjfa-3240	371	1	*	*	PUNCT
cjfa-3240	371	2	0	0	X
cjfa-3240	371	3	.	.	NUM
cjfa-3240	371	4	46	46	NUM
cjfa-3240	371	5	81	81	NUM
cjfa-3240	372	1	*	*	PUNCT
cjfa-3240	372	2	*	*	PUNCT
cjfa-3240	372	3	*	*	PUNCT
cjfa-3240	372	4	0	0	NUM
cjfa-3240	372	5	.	.	X
cjfa-3240	372	6	37	37	NUM
cjfa-3240	372	7	39	39	NUM
cjfa-3240	373	1	*	*	PUNCT
cjfa-3240	374	1	*	*	PUNCT
cjfa-3240	374	2	*	*	PUNCT
cjfa-3240	375	1	0	0	X
cjfa-3240	375	2	.	.	X
cjfa-3240	376	1	62	62	NUM
cjfa-3240	376	2	01	01	NUM
cjfa-3240	377	1	*	*	PUNCT
cjfa-3240	378	1	*	*	PUNCT
cjfa-3240	378	2	*	*	PUNCT
cjfa-3240	379	1	0	0	X
cjfa-3240	379	2	.	.	NUM
cjfa-3240	379	3	34	34	NUM
cjfa-3240	379	4	29	29	NUM
cjfa-3240	380	1	*	*	PUNCT
cjfa-3240	380	2	*	*	PUNCT
cjfa-3240	380	3	*	*	PUNCT
cjfa-3240	380	4	-0	-0	INTJ
cjfa-3240	380	5	.0	.0	NUM
cjfa-3240	380	6	90	90	NUM
cjfa-3240	380	7	9	9	NUM
cjfa-3240	380	8	*	*	PUNCT
cjfa-3240	380	9	*	*	PUNCT
cjfa-3240	381	1	*	*	PUNCT
cjfa-3240	381	2	0	0	X
cjfa-3240	381	3	.	.	NUM
cjfa-3240	382	1	17	17	NUM
cjfa-3240	382	2	05	05	NUM
cjfa-3240	383	1	*	*	PUNCT
cjfa-3240	383	2	*	*	PUNCT
cjfa-3240	384	1	*	*	PUNCT
cjfa-3240	384	2	0	0	NUM
cjfa-3240	384	3	.	.	NOUN
cjfa-3240	384	4	03	03	NUM
cjfa-3240	385	1	58	58	NUM
cjfa-3240	385	2	0	0	NUM
cjfa-3240	385	3	.	.	PUNCT
cjfa-3240	386	1	61	61	NUM
cjfa-3240	386	2	67	67	NUM
cjfa-3240	386	3	*	*	PUNCT
cjfa-3240	386	4	*	*	PUNCT
cjfa-3240	386	5	*	*	PUNCT
cjfa-3240	386	6	12	12	NUM
cjfa-3240	386	7	.	.	PUNCT
cjfa-3240	387	1	i	i	PRON
cjfa-3240	387	2	n	n	VERB
cjfa-3240	387	3	du	du	PROPN
cjfa-3240	387	4	st	st	PROPN
cjfa-3240	387	5	ry	ry	PROPN
cjfa-3240	387	6	-0	-0	PROPN
cjfa-3240	387	7	.1	.1	NUM
cjfa-3240	388	1	53	53	NUM
cjfa-3240	388	2	2	2	NUM
cjfa-3240	388	3	*	*	PUNCT
cjfa-3240	388	4	*	*	PUNCT
cjfa-3240	388	5	*	*	PUNCT
cjfa-3240	388	6	0	0	X
cjfa-3240	388	7	.	.	NUM
cjfa-3240	388	8	02	02	NUM
cjfa-3240	388	9	73	73	NUM
cjfa-3240	388	10	-0	-0	SYM
cjfa-3240	388	11	.0	.0	NUM
cjfa-3240	388	12	34	34	NUM
cjfa-3240	388	13	2	2	NUM
cjfa-3240	388	14	-0	-0	SYM
cjfa-3240	388	15	.2	.2	NUM
cjfa-3240	388	16	71	71	NUM
cjfa-3240	388	17	8	8	NUM
cjfa-3240	388	18	*	*	PUNCT
cjfa-3240	388	19	*	*	PUNCT
cjfa-3240	388	20	*	*	PUNCT
cjfa-3240	389	1	-0	-0	INTJ
cjfa-3240	390	1	.2	.2	NUM
cjfa-3240	390	2	79	79	NUM
cjfa-3240	390	3	1	1	NUM
cjfa-3240	390	4	*	*	PUNCT
cjfa-3240	390	5	*	*	PUNCT
cjfa-3240	390	6	*	*	PUNCT
cjfa-3240	391	1	-0	-0	PUNCT
cjfa-3240	391	2	.0	.0	NUM
cjfa-3240	391	3	46	46	NUM
cjfa-3240	391	4	0	0	NUM
cjfa-3240	391	5	0	0	NUM
cjfa-3240	391	6	.	.	NUM
cjfa-3240	392	1	01	01	NUM
cjfa-3240	392	2	33	33	NUM
cjfa-3240	392	3	-0	-0	SYM
cjfa-3240	392	4	.1	.1	NUM
cjfa-3240	392	5	94	94	NUM
cjfa-3240	392	6	2	2	NUM
cjfa-3240	392	7	*	*	PUNCT
cjfa-3240	392	8	*	*	PUNCT
cjfa-3240	393	1	*	*	PUNCT
cjfa-3240	393	2	0	0	NUM
cjfa-3240	393	3	.	.	NOUN
cjfa-3240	393	4	00	00	NUM
cjfa-3240	394	1	88	88	NUM
cjfa-3240	394	2	-0	-0	SYM
cjfa-3240	394	3	.0	.0	NUM
cjfa-3240	394	4	16	16	NUM
cjfa-3240	394	5	7	7	NUM
cjfa-3240	394	6	-0	-0	SYM
cjfa-3240	394	7	.0	.0	NUM
cjfa-3240	394	8	68	68	NUM
cjfa-3240	394	9	4	4	NUM
cjfa-3240	394	10	13	13	NUM
cjfa-3240	394	11	.	.	PUNCT
cjfa-3240	395	1	r	r	NOUN
cjfa-3240	395	2	o	o	NOUN
cjfa-3240	395	3	a	a	DET
cjfa-3240	395	4	0	0	NUM
cjfa-3240	395	5	.	.	PROPN
cjfa-3240	395	6	18	18	NUM
cjfa-3240	395	7	85	85	NUM
cjfa-3240	395	8	*	*	PUNCT
cjfa-3240	395	9	*	*	PUNCT
cjfa-3240	396	1	*	*	PUNCT
cjfa-3240	396	2	0	0	NUM
cjfa-3240	396	3	.	.	NOUN
cjfa-3240	396	4	07	07	NUM
cjfa-3240	396	5	94	94	NUM
cjfa-3240	396	6	0	0	NUM
cjfa-3240	396	7	.	.	PROPN
cjfa-3240	396	8	12	12	NUM
cjfa-3240	396	9	20	20	NUM
cjfa-3240	396	10	*	*	PUNCT
cjfa-3240	396	11	*	*	NOUN
cjfa-3240	396	12	0	0	NUM
cjfa-3240	396	13	.	.	NOUN
cjfa-3240	396	14	03	03	NUM
cjfa-3240	397	1	61	61	NUM
cjfa-3240	397	2	0	0	NUM
cjfa-3240	397	3	.	.	PUNCT
cjfa-3240	398	1	21	21	NUM
cjfa-3240	398	2	03	03	NUM
cjfa-3240	399	1	*	*	PUNCT
cjfa-3240	399	2	*	*	PUNCT
cjfa-3240	399	3	*	*	PUNCT
cjfa-3240	399	4	-0	-0	INTJ
cjfa-3240	399	5	.0	.0	NUM
cjfa-3240	399	6	40	40	NUM
cjfa-3240	399	7	4	4	NUM
cjfa-3240	399	8	0	0	NUM
cjfa-3240	399	9	.	.	PUNCT
cjfa-3240	400	1	10	10	NUM
cjfa-3240	400	2	33	33	NUM
cjfa-3240	400	3	*	*	PUNCT
cjfa-3240	400	4	*	*	NOUN
cjfa-3240	400	5	0	0	NUM
cjfa-3240	400	6	.	.	NUM
cjfa-3240	400	7	06	06	NUM
cjfa-3240	401	1	37	37	NUM
cjfa-3240	401	2	-0	-0	SYM
cjfa-3240	401	3	.1	.1	NUM
cjfa-3240	401	4	20	20	NUM
cjfa-3240	401	5	0	0	NUM
cjfa-3240	402	1	*	*	PUNCT
cjfa-3240	402	2	*	*	PUNCT
cjfa-3240	403	1	0	0	NUM
cjfa-3240	403	2	.	.	NOUN
cjfa-3240	404	1	10	10	NUM
cjfa-3240	404	2	50	50	NUM
cjfa-3240	404	3	*	*	PUNCT
cjfa-3240	404	4	*	*	NOUN
cjfa-3240	404	5	0	0	NUM
cjfa-3240	404	6	.	.	NOUN
cjfa-3240	404	7	11	11	NUM
cjfa-3240	404	8	67	67	NUM
cjfa-3240	404	9	*	*	PUNCT
cjfa-3240	404	10	*	*	PUNCT
cjfa-3240	404	11	-0	-0	INTJ
cjfa-3240	404	12	.0	.0	NUM
cjfa-3240	404	13	42	42	NUM
cjfa-3240	404	14	3	3	NUM
cjfa-3240	404	15	14	14	NUM
cjfa-3240	404	16	.	.	PUNCT
cjfa-3240	405	1	s	s	VERB
cjfa-3240	405	2	to	to	PART
cjfa-3240	405	3	ck	ck	PROPN
cjfa-3240	405	4	re	re	X
cjfa-3240	405	5	t	t	PROPN
cjfa-3240	405	6	0	0	NUM
cjfa-3240	405	7	.	.	PUNCT
cjfa-3240	406	1	03	03	NUM
cjfa-3240	406	2	55	55	NUM
cjfa-3240	406	3	-0	-0	SYM
cjfa-3240	406	4	.0	.0	NUM
cjfa-3240	406	5	16	16	NUM
cjfa-3240	406	6	4	4	NUM
cjfa-3240	406	7	0	0	NUM
cjfa-3240	406	8	.	.	PUNCT
cjfa-3240	406	9	06	06	NUM
cjfa-3240	407	1	44	44	NUM
cjfa-3240	407	2	0	0	NUM
cjfa-3240	407	3	.	.	PUNCT
cjfa-3240	407	4	04	04	NUM
cjfa-3240	408	1	03	03	NUM
cjfa-3240	408	2	0	0	NUM
cjfa-3240	408	3	.	.	PUNCT
cjfa-3240	409	1	07	07	NUM
cjfa-3240	409	2	28	28	NUM
cjfa-3240	409	3	-0	-0	SYM
cjfa-3240	409	4	.0	.0	NUM
cjfa-3240	409	5	09	09	NUM
cjfa-3240	409	6	2	2	NUM
cjfa-3240	409	7	0	0	NUM
cjfa-3240	409	8	.	.	PUNCT
cjfa-3240	409	9	03	03	NUM
cjfa-3240	410	1	66	66	NUM
cjfa-3240	410	2	0	0	NUM
cjfa-3240	410	3	.	.	PUNCT
cjfa-3240	411	1	01	01	NUM
cjfa-3240	411	2	86	86	NUM
cjfa-3240	411	3	0	0	NUM
cjfa-3240	411	4	.	.	PROPN
cjfa-3240	412	1	12	12	NUM
cjfa-3240	412	2	81	81	NUM
cjfa-3240	412	3	*	*	PUNCT
cjfa-3240	412	4	*	*	PUNCT
cjfa-3240	412	5	*	*	PUNCT
cjfa-3240	412	6	-0	-0	INTJ
cjfa-3240	412	7	.0	.0	NUM
cjfa-3240	412	8	30	30	NUM
cjfa-3240	412	9	4	4	NUM
cjfa-3240	412	10	0	0	NUM
cjfa-3240	412	11	.	.	PUNCT
cjfa-3240	412	12	02	02	NUM
cjfa-3240	412	13	21	21	NUM
cjfa-3240	412	14	-0	-0	SYM
cjfa-3240	412	15	.0	.0	NUM
cjfa-3240	413	1	45	45	NUM
cjfa-3240	413	2	1	1	NUM
cjfa-3240	413	3	0	0	NUM
cjfa-3240	413	4	.	.	NUM
cjfa-3240	413	5	06	06	NUM
cjfa-3240	414	1	74	74	NUM
cjfa-3240	414	2	*	*	PUNCT
cjfa-3240	414	3	th	th	X
cjfa-3240	414	4	e	e	X
cjfa-3240	414	5	co	co	NOUN
cjfa-3240	414	6	rr	rr	PROPN
cjfa-3240	414	7	el	el	PROPN
cjfa-3240	414	8	at	at	ADP
cjfa-3240	414	9	io	io	PROPN
cjfa-3240	414	10	n	n	X
cjfa-3240	414	11	is	be	AUX
cjfa-3240	414	12	si	si	PROPN
cjfa-3240	414	13	gn	gn	PROPN
cjfa-3240	414	14	ifi	ifi	PROPN
cjfa-3240	414	15	ca	can	AUX
cjfa-3240	414	16	nt	not	PART
cjfa-3240	414	17	a	a	DET
cjfa-3240	414	18	t	t	NOUN
cjfa-3240	414	19	0	0	NUM
cjfa-3240	414	20	.0	.0	NUM
cjfa-3240	414	21	01	01	NUM
cjfa-3240	415	1	(	(	PUNCT
cjfa-3240	415	2	b	b	X
cjfa-3240	415	3	ila	ila	X
cjfa-3240	415	4	te	te	PROPN
cjfa-3240	415	5	ra	ra	PROPN
cjfa-3240	415	6	l	l	PROPN
cjfa-3240	415	7	)	)	PUNCT
cjfa-3240	416	1	*	*	PUNCT
cjfa-3240	416	2	*	*	PUNCT
cjfa-3240	416	3	th	th	X
cjfa-3240	416	4	e	e	X
cjfa-3240	416	5	co	co	NOUN
cjfa-3240	416	6	rr	rr	PROPN
cjfa-3240	416	7	el	el	PROPN
cjfa-3240	416	8	at	at	ADP
cjfa-3240	416	9	io	io	PROPN
cjfa-3240	416	10	n	n	X
cjfa-3240	416	11	is	be	AUX
cjfa-3240	416	12	si	si	PROPN
cjfa-3240	416	13	gn	gn	PROPN
cjfa-3240	416	14	ifi	ifi	PROPN
cjfa-3240	416	15	ca	can	AUX
cjfa-3240	416	16	nt	not	PART
cjfa-3240	416	17	a	a	DET
cjfa-3240	416	18	t	t	NOUN
cjfa-3240	416	19	0	0	NUM
cjfa-3240	416	20	,	,	PUNCT
cjfa-3240	416	21	0	0	NUM
cjfa-3240	416	22	5	5	NUM
cjfa-3240	416	23	(	(	PUNCT
cjfa-3240	416	24	b	b	NOUN
cjfa-3240	416	25	ila	ila	X
cjfa-3240	416	26	te	te	PROPN
cjfa-3240	416	27	ra	ra	PROPN
cjfa-3240	416	28	l	l	NOUN
cjfa-3240	416	29	)	)	PUNCT
cjfa-3240	417	1	*	*	PUNCT
cjfa-3240	417	2	*	*	PUNCT
cjfa-3240	417	3	*	*	PUNCT
cjfa-3240	417	4	th	th	X
cjfa-3240	417	5	e	e	X
cjfa-3240	417	6	co	co	NOUN
cjfa-3240	417	7	rr	rr	PROPN
cjfa-3240	417	8	el	el	PROPN
cjfa-3240	417	9	at	at	ADP
cjfa-3240	417	10	io	io	PROPN
cjfa-3240	417	11	n	n	X
cjfa-3240	417	12	is	be	AUX
cjfa-3240	417	13	si	si	PROPN
cjfa-3240	417	14	gn	gn	PROPN
cjfa-3240	417	15	ifi	ifi	PROPN
cjfa-3240	417	16	ca	can	AUX
cjfa-3240	417	17	nt	not	PART
cjfa-3240	417	18	a	a	DET
cjfa-3240	417	19	t	t	NOUN
cjfa-3240	417	20	0	0	NUM
cjfa-3240	417	21	,	,	PUNCT
cjfa-3240	417	22	0	0	NUM
cjfa-3240	417	23	1	1	NUM
cjfa-3240	417	24	(	(	PUNCT
cjfa-3240	417	25	b	b	NOUN
cjfa-3240	417	26	ila	ila	X
cjfa-3240	417	27	te	te	PROPN
cjfa-3240	417	28	ra	ra	PROPN
cjfa-3240	417	29	l	l	PROPN
cjfa-3240	417	30	)	)	PUNCT
cjfa-3240	417	31	de	de	X
cjfa-3240	417	32	fin	fin	PROPN
cjfa-3240	417	33	iti	iti	PROPN
cjfa-3240	417	34	on	on	ADP
cjfa-3240	417	35	o	o	PROPN
cjfa-3240	417	36	f	f	PROPN
cjfa-3240	417	37	v	v	PROPN
cjfa-3240	417	38	ar	ar	PROPN
cjfa-3240	417	39	ia	ia	PROPN
cjfa-3240	417	40	bl	bl	PROPN
cjfa-3240	417	41	es	es	PROPN
cjfa-3240	417	42	:	:	PUNCT
cjfa-3240	417	43	co	co	VERB
cjfa-3240	417	44	m	m	VERB
cjfa-3240	417	45	pe	pe	PROPN
cjfa-3240	417	46	n	n	CCONJ
cjfa-3240	417	47	,	,	PUNCT
cjfa-3240	417	48	n	n	CCONJ
cjfa-3240	417	49	at	at	ADP
cjfa-3240	417	50	ur	ur	INTJ
cjfa-3240	417	51	al	al	PROPN
cjfa-3240	417	52	lo	lo	PROPN
cjfa-3240	417	53	g	g	PROPN
cjfa-3240	417	54	of	of	ADP
cjfa-3240	417	55	to	to	ADP
cjfa-3240	417	56	ta	ta	PROPN
cjfa-3240	418	1	l	l	NOUN
cjfa-3240	418	2	c	c	NOUN
cjfa-3240	419	1	om	om	INTJ
cjfa-3240	419	2	pe	pe	INTJ
cjfa-3240	419	3	ns	ns	INTJ
cjfa-3240	419	4	at	at	ADP
cjfa-3240	419	5	io	io	PROPN
cjfa-3240	419	6	n	n	PART
cjfa-3240	419	7	by	by	ADP
cjfa-3240	419	8	m	m	PRON
cjfa-3240	419	9	em	em	PRON
cjfa-3240	419	10	be	be	AUX
cjfa-3240	420	1	r	r	NOUN
cjfa-3240	420	2	o	o	NOUN
cjfa-3240	421	1	f	f	NOUN
cjfa-3240	422	1	t	t	NOUN
cjfa-3240	423	1	he	he	PRON
cjfa-3240	424	1	b	b	PROPN
cjfa-3240	425	1	oa	oa	INTJ
cjfa-3240	425	2	rd	rd	NOUN
cjfa-3240	426	1	o	o	NOUN
cjfa-3240	426	2	f	f	X
cjfa-3240	427	1	d	d	X
cjfa-3240	427	2	ir	ir	PROPN
cjfa-3240	427	3	ec	ec	PROPN
cjfa-3240	427	4	to	to	PART
cjfa-3240	427	5	rs	rs	VERB
cjfa-3240	427	6	;	;	PUNCT
cjfa-3240	427	7	f	f	X
cjfa-3240	427	8	ix	ix	X
cjfa-3240	427	9	re	re	PROPN
cjfa-3240	427	10	m	m	PROPN
cjfa-3240	427	11	,	,	PUNCT
cjfa-3240	427	12	n	n	CCONJ
cjfa-3240	427	13	at	at	ADP
cjfa-3240	427	14	ur	ur	INTJ
cjfa-3240	427	15	al	al	PROPN
cjfa-3240	427	16	lo	lo	PROPN
cjfa-3240	427	17	g	g	PROPN
cjfa-3240	427	18	of	of	ADP
cjfa-3240	427	19	fi	fi	NOUN
cjfa-3240	427	20	xe	xe	PROPN
cjfa-3240	427	21	d	d	PROPN
cjfa-3240	427	22	co	co	NOUN
cjfa-3240	427	23	m	m	VERB
cjfa-3240	427	24	pe	pe	INTJ
cjfa-3240	427	25	ns	ns	INTJ
cjfa-3240	427	26	at	at	ADP
cjfa-3240	427	27	io	io	PROPN
cjfa-3240	427	28	n	n	PART
cjfa-3240	427	29	by	by	ADP
cjfa-3240	427	30	m	m	PRON
cjfa-3240	427	31	em	em	PRON
cjfa-3240	427	32	be	be	AUX
cjfa-3240	428	1	r	r	NOUN
cjfa-3240	428	2	o	o	NOUN
cjfa-3240	428	3	f	f	NOUN
cjfa-3240	429	1	t	t	NOUN
cjfa-3240	429	2	he	he	PRON
cjfa-3240	430	1	b	b	PROPN
cjfa-3240	430	2	oa	oa	INTJ
cjfa-3240	430	3	rd	rd	NOUN
cjfa-3240	431	1	o	o	NOUN
cjfa-3240	431	2	f	f	X
cjfa-3240	432	1	d	d	NOUN
cjfa-3240	432	2	ire	ire	VERB
cjfa-3240	432	3	ct	ct	NOUN
cjfa-3240	432	4	or	or	CCONJ
cjfa-3240	432	5	s	s	PROPN
cjfa-3240	432	6	;	;	PUNCT
cjfa-3240	432	7	v	v	X
cjfa-3240	432	8	ar	ar	PROPN
cjfa-3240	432	9	re	re	NOUN
cjfa-3240	432	10	m	m	PROPN
cjfa-3240	432	11	,	,	PUNCT
cjfa-3240	432	12	n	n	CCONJ
cjfa-3240	432	13	at	at	ADP
cjfa-3240	432	14	ur	ur	INTJ
cjfa-3240	432	15	al	al	PROPN
cjfa-3240	432	16	lo	lo	PROPN
cjfa-3240	433	1	g	g	PROPN
cjfa-3240	433	2	of	of	ADP
cjfa-3240	433	3	v	v	PROPN
cjfa-3240	433	4	ar	ar	PROPN
cjfa-3240	433	5	ia	ia	PROPN
cjfa-3240	433	6	bl	bl	PROPN
cjfa-3240	433	7	e	e	PROPN
cjfa-3240	433	8	co	co	NOUN
cjfa-3240	433	9	m	m	VERB
cjfa-3240	433	10	pe	pe	INTJ
cjfa-3240	433	11	ns	ns	INTJ
cjfa-3240	433	12	at	at	ADP
cjfa-3240	433	13	io	io	PROPN
cjfa-3240	433	14	n	n	PART
cjfa-3240	433	15	by	by	ADP
cjfa-3240	433	16	m	m	PRON
cjfa-3240	433	17	em	em	PRON
cjfa-3240	433	18	be	be	AUX
cjfa-3240	434	1	r	r	NOUN
cjfa-3240	434	2	o	o	NOUN
cjfa-3240	435	1	f	f	NOUN
cjfa-3240	436	1	t	t	NOUN
cjfa-3240	437	1	he	he	PRON
cjfa-3240	438	1	b	b	PROPN
cjfa-3240	439	1	oa	oa	INTJ
cjfa-3240	439	2	rd	rd	NOUN
cjfa-3240	440	1	o	o	NOUN
cjfa-3240	440	2	f	f	X
cjfa-3240	441	1	d	d	X
cjfa-3240	441	2	ir	ir	PROPN
cjfa-3240	441	3	ec	ec	PROPN
cjfa-3240	441	4	to	to	PART
cjfa-3240	441	5	rs	rs	VERB
cjfa-3240	441	6	;	;	PUNCT
cjfa-3240	441	7	s	s	VERB
cjfa-3240	441	8	al	al	PROPN
cjfa-3240	441	9	fe	fe	PROPN
cjfa-3240	441	10	e	e	PROPN
cjfa-3240	441	11	,	,	PUNCT
cjfa-3240	441	12	n	n	CCONJ
cjfa-3240	441	13	at	at	ADP
cjfa-3240	441	14	ur	ur	INTJ
cjfa-3240	441	15	al	al	PROPN
cjfa-3240	441	16	lo	lo	PROPN
cjfa-3240	441	17	g	g	PROPN
cjfa-3240	441	18	of	of	ADP
cjfa-3240	441	19	sa	sa	PROPN
cjfa-3240	441	20	la	la	PROPN
cjfa-3240	441	21	ry	ry	PROPN
cjfa-3240	441	22	fe	fe	PROPN
cjfa-3240	441	23	es	es	X
cjfa-3240	441	24	b	b	PROPN
cjfa-3240	441	25	y	y	VERB
cjfa-3240	441	26	m	m	VERB
cjfa-3240	441	27	em	em	PRON
cjfa-3240	441	28	be	be	VERB
cjfa-3240	442	1	r	r	NOUN
cjfa-3240	442	2	o	o	NOUN
cjfa-3240	443	1	f	f	NOUN
cjfa-3240	444	1	t	t	NOUN
cjfa-3240	445	1	he	he	PRON
cjfa-3240	446	1	b	b	PROPN
cjfa-3240	447	1	oa	oa	INTJ
cjfa-3240	447	2	rd	rd	NOUN
cjfa-3240	447	3	o	o	PROPN
cjfa-3240	447	4	f	f	X
cjfa-3240	447	5	di	di	X
cjfa-3240	447	6	re	re	ADP
cjfa-3240	447	7	ct	ct	PROPN
cjfa-3240	447	8	or	or	CCONJ
cjfa-3240	447	9	s	s	PROPN
cjfa-3240	447	10	;	;	PUNCT
cjfa-3240	447	11	a	a	DET
cjfa-3240	447	12	tt	tt	PROPN
cjfa-3240	447	13	fe	fe	X
cjfa-3240	447	14	e	e	PROPN
cjfa-3240	447	15	,	,	PUNCT
cjfa-3240	447	16	n	n	CCONJ
cjfa-3240	447	17	at	at	ADP
cjfa-3240	447	18	ur	ur	INTJ
cjfa-3240	447	19	al	al	PROPN
cjfa-3240	447	20	lo	lo	PROPN
cjfa-3240	447	21	g	g	PROPN
cjfa-3240	447	22	of	of	ADP
cjfa-3240	447	23	a	a	DET
cjfa-3240	447	24	tt	tt	PROPN
cjfa-3240	447	25	en	en	PROPN
cjfa-3240	447	26	da	da	PROPN
cjfa-3240	447	27	nc	nc	PROPN
cjfa-3240	447	28	e	e	PROPN
cjfa-3240	447	29	fe	fe	X
cjfa-3240	447	30	es	es	X
cjfa-3240	447	31	b	b	PROPN
cjfa-3240	448	1	y	y	VERB
cjfa-3240	448	2	m	m	VERB
cjfa-3240	448	3	em	em	PRON
cjfa-3240	448	4	be	be	VERB
cjfa-3240	448	5	rs	rs	ADJ
cjfa-3240	449	1	o	o	NOUN
cjfa-3240	449	2	f	f	NOUN
cjfa-3240	450	1	t	t	NOUN
cjfa-3240	450	2	he	he	PRON
cjfa-3240	451	1	b	b	PROPN
cjfa-3240	451	2	oa	oa	INTJ
cjfa-3240	451	3	rd	rd	NOUN
cjfa-3240	452	1	o	o	NOUN
cjfa-3240	452	2	f	f	X
cjfa-3240	453	1	d	d	X
cjfa-3240	453	2	ir	ir	PROPN
cjfa-3240	453	3	ec	ec	PROPN
cjfa-3240	453	4	to	to	PART
cjfa-3240	453	5	rs	rs	VERB
cjfa-3240	453	6	;	;	PUNCT
cjfa-3240	453	7	o	o	X
cjfa-3240	453	8	th	th	X
cjfa-3240	453	9	pe	pe	NOUN
cjfa-3240	453	10	r	r	NOUN
cjfa-3240	453	11	,	,	PUNCT
cjfa-3240	453	12	n	n	CCONJ
cjfa-3240	453	13	at	at	ADP
cjfa-3240	453	14	ur	ur	INTJ
cjfa-3240	453	15	al	al	PROPN
cjfa-3240	453	16	lo	lo	PROPN
cjfa-3240	453	17	g	g	PROPN
cjfa-3240	453	18	of	of	ADP
cjfa-3240	453	19	o	o	PROPN
cjfa-3240	453	20	th	th	INTJ
cjfa-3240	453	21	er	er	INTJ
cjfa-3240	453	22	p	p	X
cjfa-3240	453	23	er	er	INTJ
cjfa-3240	453	24	qu	qu	PROPN
cjfa-3240	453	25	is	be	AUX
cjfa-3240	453	26	ite	ite	PROPN
cjfa-3240	453	27	s	s	PROPN
cjfa-3240	453	28	b	b	X
cjfa-3240	453	29	y	y	INTJ
cjfa-3240	453	30	m	m	VERB
cjfa-3240	453	31	em	em	PRON
cjfa-3240	453	32	be	be	VERB
cjfa-3240	454	1	r	r	NOUN
cjfa-3240	454	2	o	o	NOUN
cjfa-3240	454	3	f	f	NOUN
cjfa-3240	455	1	t	t	NOUN
cjfa-3240	455	2	he	he	PRON
cjfa-3240	456	1	b	b	PROPN
cjfa-3240	456	2	oa	oa	INTJ
cjfa-3240	456	3	rd	rd	PROPN
cjfa-3240	456	4	of	of	ADP
cjfa-3240	456	5	d	d	PROPN
cjfa-3240	456	6	ir	ir	PROPN
cjfa-3240	456	7	ec	ec	PROPN
cjfa-3240	456	8	to	to	PART
cjfa-3240	456	9	rs	rs	VERB
cjfa-3240	456	10	;	;	PUNCT
cjfa-3240	456	11	o	o	PROPN
cjfa-3240	456	12	w	w	NOUN
cjfa-3240	456	13	n	n	X
cjfa-3240	456	14	di	di	NOUN
cjfa-3240	456	15	r	r	NOUN
cjfa-3240	456	16	,	,	PUNCT
cjfa-3240	456	17	p	p	NOUN
cjfa-3240	456	18	ro	ro	X
cjfa-3240	456	19	po	po	PROPN
cjfa-3240	456	20	rt	rt	PROPN
cjfa-3240	456	21	io	io	PROPN
cjfa-3240	457	1	n	n	PROPN
cjfa-3240	457	2	of	of	ADP
cjfa-3240	457	3	s	s	X
cjfa-3240	457	4	ha	ha	INTJ
cjfa-3240	457	5	re	re	X
cjfa-3240	457	6	s	s	PROPN
cjfa-3240	457	7	ow	ow	PROPN
cjfa-3240	457	8	ne	ne	PROPN
cjfa-3240	457	9	d	d	PROPN
cjfa-3240	457	10	by	by	ADP
cjfa-3240	457	11	th	th	ADP
cjfa-3240	457	12	e	e	NOUN
cjfa-3240	457	13	bo	bo	PROPN
cjfa-3240	457	14	ar	ar	PROPN
cjfa-3240	458	1	d	d	PROPN
cjfa-3240	458	2	of	of	ADP
cjfa-3240	458	3	d	d	PROPN
cjfa-3240	458	4	ir	ir	PROPN
cjfa-3240	458	5	ec	ec	PROPN
cjfa-3240	458	6	to	to	PART
cjfa-3240	458	7	rs	rs	VERB
cjfa-3240	458	8	;	;	PUNCT
cjfa-3240	458	9	c	c	X
cjfa-3240	458	10	eo	eo	PROPN
cjfa-3240	458	11	du	du	PROPN
cjfa-3240	458	12	a	a	PROPN
cjfa-3240	458	13	,	,	PUNCT
cjfa-3240	458	14	d	d	X
cjfa-3240	458	15	um	um	INTJ
cjfa-3240	458	16	m	m	VERB
cjfa-3240	458	17	y	y	PROPN
cjfa-3240	458	18	va	va	PROPN
cjfa-3240	458	19	ri	ri	PROPN
cjfa-3240	459	1	ab	ab	PROPN
cjfa-3240	459	2	le	le	PROPN
cjfa-3240	460	1	w	w	PROPN
cjfa-3240	460	2	hi	hi	INTJ
cjfa-3240	460	3	ch	ch	NOUN
cjfa-3240	460	4	ta	ta	PROPN
cjfa-3240	460	5	ke	ke	PROPN
cjfa-3240	460	6	s	s	PROPN
cjfa-3240	460	7	va	va	PROPN
cjfa-3240	460	8	lu	lu	PROPN
cjfa-3240	460	9	e	e	PROPN
cjfa-3240	460	10	1	1	X
cjfa-3240	460	11	w	w	VERB
cjfa-3240	460	12	he	he	PRON
cjfa-3240	460	13	n	n	CCONJ
cjfa-3240	460	14	bo	bo	PROPN
cjfa-3240	460	15	th	th	X
cjfa-3240	460	16	ro	ro	X
cjfa-3240	460	17	le	le	X
cjfa-3240	460	18	s	s	PROPN
cjfa-3240	460	19	ar	ar	PROPN
cjfa-3240	460	20	e	e	PROPN
cjfa-3240	460	21	he	he	PRON
cjfa-3240	460	22	ld	ld	PROPN
cjfa-3240	460	23	b	b	PROPN
cjfa-3240	460	24	y	y	X
cjfa-3240	460	25	th	th	X
cjfa-3240	460	26	e	e	X
cjfa-3240	460	27	sa	sa	PROPN
cjfa-3240	460	28	m	m	PROPN
cjfa-3240	460	29	e	e	NOUN
cjfa-3240	460	30	pe	pe	NOUN
cjfa-3240	460	31	rs	rs	VERB
cjfa-3240	460	32	on	on	ADP
cjfa-3240	460	33	,	,	PUNCT
cjfa-3240	460	34	a	a	DET
cjfa-3240	460	35	nd	nd	NOUN
cjfa-3240	460	36	0	0	NUM
cjfa-3240	460	37	,	,	PUNCT
cjfa-3240	460	38	w	w	VERB
cjfa-3240	460	39	he	he	PRON
cjfa-3240	461	1	n	n	ADV
cjfa-3240	461	2	th	th	X
cjfa-3240	461	3	ey	ey	INTJ
cjfa-3240	461	4	a	a	DET
cjfa-3240	461	5	re	re	X
cjfa-3240	461	6	n	n	NOUN
cjfa-3240	461	7	ot	ot	NOUN
cjfa-3240	461	8	;	;	PUNCT
cjfa-3240	462	1	o	o	X
cjfa-3240	462	2	ut	ut	PROPN
cjfa-3240	462	3	si	si	PROPN
cjfa-3240	462	4	d	d	PROPN
cjfa-3240	462	5	,	,	PUNCT
cjfa-3240	462	6	p	p	PROPN
cjfa-3240	462	7	ro	ro	X
cjfa-3240	462	8	po	po	PROPN
cjfa-3240	462	9	rt	rt	PROPN
cjfa-3240	462	10	io	io	PROPN
cjfa-3240	463	1	n	n	PROPN
cjfa-3240	463	2	of	of	ADP
cjfa-3240	463	3	o	o	PROPN
cjfa-3240	463	4	ut	ut	PROPN
cjfa-3240	463	5	si	si	PROPN
cjfa-3240	463	6	de	de	PROPN
cjfa-3240	463	7	d	d	PROPN
cjfa-3240	463	8	ir	ir	PROPN
cjfa-3240	463	9	ec	ec	PROPN
cjfa-3240	463	10	to	to	PART
cjfa-3240	463	11	rs	rs	VERB
cjfa-3240	463	12	o	o	PROPN
cjfa-3240	463	13	n	n	ADV
cjfa-3240	463	14	th	th	X
cjfa-3240	463	15	e	e	X
cjfa-3240	463	16	bo	bo	PROPN
cjfa-3240	463	17	ar	ar	PROPN
cjfa-3240	464	1	d	d	PROPN
cjfa-3240	464	2	of	of	ADP
cjfa-3240	464	3	d	d	PROPN
cjfa-3240	464	4	ir	ir	PROPN
cjfa-3240	464	5	ec	ec	PROPN
cjfa-3240	464	6	to	to	PART
cjfa-3240	464	7	rs	rs	VERB
cjfa-3240	464	8	;	;	PUNCT
cjfa-3240	464	9	b	b	X
cjfa-3240	464	10	rd	rd	NOUN
cjfa-3240	464	11	si	si	PROPN
cjfa-3240	464	12	z	z	PROPN
cjfa-3240	464	13	,	,	PUNCT
cjfa-3240	464	14	n	n	AUX
cjfa-3240	464	15	um	um	INTJ
cjfa-3240	464	16	be	be	AUX
cjfa-3240	464	17	r	r	NOUN
cjfa-3240	464	18	o	o	NOUN
cjfa-3240	465	1	f	f	AUX
cjfa-3240	465	2	m	m	VERB
cjfa-3240	465	3	em	em	PRON
cjfa-3240	465	4	be	be	VERB
cjfa-3240	465	5	rs	rs	ADJ
cjfa-3240	465	6	in	in	ADP
cjfa-3240	465	7	th	th	X
cjfa-3240	465	8	e	e	X
cjfa-3240	465	9	bo	bo	PROPN
cjfa-3240	465	10	ar	ar	PROPN
cjfa-3240	465	11	d	d	PROPN
cjfa-3240	465	12	of	of	ADP
cjfa-3240	465	13	di	di	X
cjfa-3240	465	14	re	re	ADP
cjfa-3240	465	15	ct	ct	PROPN
cjfa-3240	465	16	or	or	CCONJ
cjfa-3240	465	17	s	s	PROPN
cjfa-3240	465	18	;	;	PUNCT
cjfa-3240	465	19	c	c	PROPN
cjfa-3240	465	20	rp	rp	NOUN
cjfa-3240	465	21	si	si	PROPN
cjfa-3240	465	22	ze	ze	PROPN
cjfa-3240	465	23	,	,	PUNCT
cjfa-3240	465	24	c	c	PROPN
cjfa-3240	465	25	or	or	CCONJ
cjfa-3240	465	26	po	po	INTJ
cjfa-3240	465	27	ra	ra	NOUN
cjfa-3240	465	28	te	te	INTJ
cjfa-3240	465	29	si	si	PROPN
cjfa-3240	465	30	ze	ze	PROPN
cjfa-3240	465	31	m	m	PROPN
cjfa-3240	465	32	ea	ea	PROPN
cjfa-3240	465	33	su	su	PROPN
cjfa-3240	465	34	re	re	PROPN
cjfa-3240	465	35	d	d	PROPN
cjfa-3240	465	36	by	by	ADP
cjfa-3240	465	37	th	th	X
cjfa-3240	465	38	e	e	X
cjfa-3240	465	39	lo	lo	PROPN
cjfa-3240	465	40	ga	ga	PROPN
cjfa-3240	465	41	ri	ri	PROPN
cjfa-3240	466	1	th	th	X
cjfa-3240	466	2	m	m	NOUN
cjfa-3240	466	3	o	o	X
cjfa-3240	467	1	f	f	X
cjfa-3240	467	2	t	t	PROPN
cjfa-3240	467	3	ot	ot	INTJ
cjfa-3240	467	4	al	al	PROPN
cjfa-3240	467	5	a	a	DET
cjfa-3240	467	6	ss	ss	NOUN
cjfa-3240	467	7	et	et	NOUN
cjfa-3240	467	8	s	s	NOUN
cjfa-3240	467	9	;	;	PUNCT
cjfa-3240	467	10	in	in	ADP
cjfa-3240	467	11	du	du	PROPN
cjfa-3240	467	12	st	st	PROPN
cjfa-3240	467	13	ry	ry	PROPN
cjfa-3240	467	14	,	,	PUNCT
cjfa-3240	467	15	i	i	PRON
cjfa-3240	467	16	nd	nd	VERB
cjfa-3240	467	17	us	we	PRON
cjfa-3240	467	18	tr	tr	PUNCT
cjfa-3240	467	19	y	y	PROPN
cjfa-3240	467	20	du	du	PROPN
cjfa-3240	467	21	m	m	VERB
cjfa-3240	467	22	m	m	VERB
cjfa-3240	467	23	ie	ie	X
cjfa-3240	467	24	s	s	PART
cjfa-3240	467	25	;	;	PUNCT
cjfa-3240	467	26	r	r	NOUN
cjfa-3240	467	27	oa	oa	X
cjfa-3240	467	28	,	,	PUNCT
cjfa-3240	467	29	r	r	NOUN
cjfa-3240	467	30	et	et	VERB
cjfa-3240	467	31	ur	ur	INTJ
cjfa-3240	467	32	n	n	PROPN
cjfa-3240	467	33	on	on	ADP
cjfa-3240	467	34	a	a	DET
cjfa-3240	467	35	ss	ss	NOUN
cjfa-3240	467	36	et	et	NOUN
cjfa-3240	467	37	s	s	PROPN
cjfa-3240	467	38	,	,	PUNCT
cjfa-3240	468	1	ra	ra	PROPN
cjfa-3240	468	2	tio	tio	NOUN
cjfa-3240	468	3	o	o	NOUN
cjfa-3240	469	1	f	f	X
cjfa-3240	469	2	o	o	X
cjfa-3240	470	1	pe	pe	INTJ
cjfa-3240	470	2	ra	ra	PROPN
cjfa-3240	470	3	tin	tin	NOUN
cjfa-3240	470	4	g	g	PROPN
cjfa-3240	470	5	in	in	ADP
cjfa-3240	470	6	co	co	NOUN
cjfa-3240	470	7	m	m	PROPN
cjfa-3240	470	8	e	e	NOUN
cjfa-3240	470	9	to	to	ADP
cjfa-3240	470	10	n	n	PROPN
cjfa-3240	470	11	et	et	VERB
cjfa-3240	470	12	a	a	DET
cjfa-3240	470	13	ss	ss	NOUN
cjfa-3240	470	14	et	et	NOUN
cjfa-3240	470	15	s	s	PROPN
cjfa-3240	470	16	;	;	PUNCT
cjfa-3240	470	17	a	a	DET
cjfa-3240	470	18	nd	nd	NOUN
cjfa-3240	470	19	,	,	PUNCT
cjfa-3240	470	20	s	s	VERB
cjfa-3240	470	21	to	to	ADP
cjfa-3240	470	22	ck	ck	PROPN
cjfa-3240	470	23	re	re	X
cjfa-3240	470	24	t	t	PROPN
cjfa-3240	470	25	,	,	PUNCT
cjfa-3240	470	26	st	st	PROPN
cjfa-3240	470	27	oc	oc	X
cjfa-3240	470	28	k	k	PROPN
cjfa-3240	470	29	re	re	PROPN
cjfa-3240	470	30	tu	tu	PROPN
cjfa-3240	470	31	rn	rn	PROPN
cjfa-3240	470	32	,	,	PUNCT
cjfa-3240	470	33	m	m	PROPN
cjfa-3240	470	34	ea	ea	PROPN
cjfa-3240	470	35	su	su	PROPN
cjfa-3240	470	36	re	re	PROPN
cjfa-3240	470	37	d	d	PROPN
cjfa-3240	470	38	as	as	ADP
cjfa-3240	470	39	th	th	X
cjfa-3240	470	40	e	e	X
cjfa-3240	470	41	su	su	PROPN
cjfa-3240	470	42	m	m	PROPN
cjfa-3240	470	43	o	o	NOUN
cjfa-3240	471	1	f	f	X
cjfa-3240	471	2	s	s	VERB
cjfa-3240	471	3	to	to	ADP
cjfa-3240	471	4	ck	ck	PROPN
cjfa-3240	471	5	p	p	PROPN
cjfa-3240	471	6	ri	ri	PROPN
cjfa-3240	471	7	ce	ce	PROPN
cjfa-3240	471	8	a	a	PRON
cjfa-3240	471	9	nd	nd	NOUN
cjfa-3240	471	10	d	d	NOUN
cjfa-3240	471	11	iv	iv	NUM
cjfa-3240	472	1	i	i	PROPN
cjfa-3240	472	2	d	d	PROPN
cjfa-3240	472	3	en	en	PROPN
cjfa-3240	472	4	d	d	X
cjfa-3240	472	5	pe	pe	INTJ
cjfa-3240	472	6	r	r	NOUN
cjfa-3240	472	7	s	s	X
cjfa-3240	472	8	ha	ha	INTJ
cjfa-3240	472	9	re	re	X
cjfa-3240	472	10	o	o	NOUN
cjfa-3240	472	11	ve	ve	VERB
cjfa-3240	472	12	r	r	NOUN
cjfa-3240	472	13	s	s	PROPN
cjfa-3240	472	14	to	to	ADP
cjfa-3240	472	15	ck	ck	PROPN
cjfa-3240	472	16	p	p	PROPN
cjfa-3240	472	17	ri	ri	PROPN
cjfa-3240	472	18	ce	ce	PROPN
cjfa-3240	472	19	in	in	ADP
cjfa-3240	472	20	th	th	NUM
cjfa-3240	472	21	e	e	X
cjfa-3240	472	22	ye	ye	PROPN
cjfa-3240	472	23	ar	ar	PROPN
cjfa-3240	472	24	b	b	PROPN
cjfa-3240	472	25	ef	ef	PROPN
cjfa-3240	472	26	or	or	CCONJ
cjfa-3240	472	27	e.	e.	PROPN
cjfa-3240	472	28	s	s	PROPN
cjfa-3240	472	29	o	o	PROPN
cjfa-3240	472	30	u	u	X
cjfa-3240	472	31	rc	rc	PROPN
cjfa-3240	472	32	e	e	PROPN
cjfa-3240	472	33	:	:	PUNCT
cjfa-3240	472	34	a	a	DET
cjfa-3240	472	35	ut	ut	PROPN
cjfa-3240	472	36	ho	ho	PROPN
cjfa-3240	472	37	rs	rs	PROPN
cjfa-3240	472	38	’	'	PUNCT
cjfa-3240	472	39	o	o	NOUN
cjfa-3240	472	40	w	w	PROPN
cjfa-3240	472	41	n.	n.	NOUN
cjfa-3240	472	42	“	"	PUNCT
cjfa-3240	472	43	board	board	NOUN
cjfa-3240	472	44	independence	independence	NOUN
cjfa-3240	472	45	”	"	PUNCT
cjfa-3240	472	46	and	and	CCONJ
cjfa-3240	472	47	compensation	compensation	NOUN
cjfa-3240	472	48	structure	structure	NOUN
cjfa-3240	472	49	of	of	ADP
cjfa-3240	472	50	directors	director	NOUN
cjfa-3240	472	51	143	143	NUM
cjfa-3240	472	52	level	level	NOUN
cjfa-3240	472	53	and	and	CCONJ
cjfa-3240	472	54	structure	structure	NOUN
cjfa-3240	472	55	of	of	ADP
cjfa-3240	472	56	directors	director	NOUN
cjfa-3240	472	57	’	’	PART
cjfa-3240	472	58	compensation	compensation	NOUN
cjfa-3240	472	59	and	and	CCONJ
cjfa-3240	472	60	board	board	NOUN
cjfa-3240	472	61	’s	’s	PART
cjfa-3240	472	62	characteristics	characteristic	NOUN
cjfa-3240	472	63	in	in	ADP
cjfa-3240	472	64	model	model	NOUN
cjfa-3240	472	65	1	1	NUM
cjfa-3240	472	66	(	(	PUNCT
cjfa-3240	472	67	table	table	NOUN
cjfa-3240	472	68	5	5	NUM
cjfa-3240	472	69	)	)	PUNCT
cjfa-3240	472	70	are	be	AUX
cjfa-3240	472	71	shown	show	VERB
cjfa-3240	472	72	the	the	DET
cjfa-3240	472	73	results	result	NOUN
cjfa-3240	472	74	of	of	ADP
cjfa-3240	472	75	compen	compen	NOUN
cjfa-3240	472	76	(	(	PUNCT
cjfa-3240	472	77	natural	natural	ADJ
cjfa-3240	472	78	logarithm	logarithm	NOUN
cjfa-3240	472	79	of	of	ADP
cjfa-3240	472	80	total	total	ADJ
cjfa-3240	472	81	compensation	compensation	NOUN
cjfa-3240	472	82	by	by	ADP
cjfa-3240	472	83	member	member	NOUN
cjfa-3240	472	84	of	of	ADP
cjfa-3240	472	85	the	the	DET
cjfa-3240	472	86	board	board	NOUN
cjfa-3240	472	87	of	of	ADP
cjfa-3240	472	88	directors	director	NOUN
cjfa-3240	472	89	)	)	PUNCT
cjfa-3240	472	90	regression	regression	NOUN
cjfa-3240	472	91	on	on	ADP
cjfa-3240	472	92	boards	board	NOUN
cjfa-3240	472	93	characteristics	characteristic	NOUN
cjfa-3240	472	94	.	.	PUNCT
cjfa-3240	473	1	table	table	NOUN
cjfa-3240	473	2	5	5	NUM
cjfa-3240	473	3	.	.	PUNCT
cjfa-3240	474	1	estimation	estimation	NOUN
cjfa-3240	474	2	:	:	PUNCT
cjfa-3240	474	3	system	system	NOUN
cjfa-3240	474	4	-	-	PUNCT
cjfa-3240	474	5	gmm	gmm	NOUN
cjfa-3240	474	6	in	in	ADP
cjfa-3240	474	7	two	two	NUM
cjfa-3240	474	8	steps	step	NOUN
cjfa-3240	474	9	.	.	PUNCT
cjfa-3240	475	1	type	type	NOUN
cjfa-3240	475	2	of	of	ADP
cjfa-3240	475	3	compensation	compensation	NOUN
cjfa-3240	475	4	by	by	ADP
cjfa-3240	475	5	directora	directora	NOUN
cjfa-3240	475	6	(	(	PUNCT
cjfa-3240	475	7	1	1	NUM
cjfa-3240	475	8	)	)	PUNCT
cjfa-3240	475	9	(	(	PUNCT
cjfa-3240	475	10	2	2	NUM
cjfa-3240	475	11	)	)	PUNCT
cjfa-3240	475	12	(	(	PUNCT
cjfa-3240	475	13	3	3	X
cjfa-3240	475	14	)	)	PUNCT
cjfa-3240	475	15	(	(	PUNCT
cjfa-3240	475	16	4	4	NUM
cjfa-3240	475	17	)	)	PUNCT
cjfa-3240	475	18	(	(	PUNCT
cjfa-3240	475	19	5	5	NUM
cjfa-3240	475	20	)	)	PUNCT
cjfa-3240	475	21	(	(	PUNCT
cjfa-3240	475	22	6	6	NUM
cjfa-3240	475	23	)	)	PUNCT
cjfa-3240	475	24	(	(	PUNCT
cjfa-3240	475	25	7	7	NUM
cjfa-3240	475	26	)	)	PUNCT
cjfa-3240	475	27	(	(	PUNCT
cjfa-3240	475	28	8)	8)	NUM
cjfa-3240	475	29	expected	expect	VERB
cjfa-3240	475	30	signs	sign	NOUN
cjfa-3240	475	31	(	(	PUNCT
cjfa-3240	475	32	model	model	NOUN
cjfa-3240	475	33	1	1	NUM
cjfa-3240	475	34	)	)	PUNCT
cjfa-3240	475	35	compensation	compensation	NOUN
cjfa-3240	475	36	by	by	ADP
cjfa-3240	475	37	director	director	NOUN
cjfa-3240	475	38	compen	compen	PROPN
cjfa-3240	475	39	fixed	fix	VERB
cjfa-3240	475	40	compensation	compensation	NOUN
cjfa-3240	475	41	by	by	ADP
cjfa-3240	475	42	director	director	NOUN
cjfa-3240	475	43	fixrem	fixrem	PROPN
cjfa-3240	475	44	variable	variable	PROPN
cjfa-3240	475	45	compensation	compensation	NOUN
cjfa-3240	475	46	by	by	ADP
cjfa-3240	475	47	director	director	NOUN
cjfa-3240	475	48	varrem	varrem	VERB
cjfa-3240	475	49	salary	salary	NOUN
cjfa-3240	475	50	fees	fee	NOUN
cjfa-3240	475	51	by	by	ADP
cjfa-3240	475	52	director	director	NOUN
cjfa-3240	475	53	salfee	salfee	NOUN
cjfa-3240	475	54	attendance	attendance	NOUN
cjfa-3240	475	55	fees	fee	NOUN
cjfa-3240	475	56	by	by	ADP
cjfa-3240	475	57	director	director	NOUN
cjfa-3240	475	58	attfee	attfee	NOUN
cjfa-3240	475	59	other	other	ADJ
cjfa-3240	475	60	perquisites	perquisite	NOUN
cjfa-3240	475	61	by	by	ADP
cjfa-3240	475	62	director	director	NOUN
cjfa-3240	475	63	othper	othper	NOUN
cjfa-3240	475	64	(	(	PUNCT
cjfa-3240	475	65	model	model	NOUN
cjfa-3240	475	66	1	1	NUM
cjfa-3240	475	67	)	)	PUNCT
cjfa-3240	475	68	(	(	PUNCT
cjfa-3240	475	69	model	model	NOUN
cjfa-3240	475	70	2	2	NUM
cjfa-3240	475	71	)	)	PUNCT
cjfa-3240	475	72	(	(	PUNCT
cjfa-3240	475	73	model	model	NOUN
cjfa-3240	475	74	3	3	NUM
cjfa-3240	475	75	)	)	PUNCT
cjfa-3240	475	76	(	(	PUNCT
cjfa-3240	475	77	model	model	NOUN
cjfa-3240	475	78	4	4	NUM
cjfa-3240	475	79	)	)	PUNCT
cjfa-3240	475	80	(	(	PUNCT
cjfa-3240	475	81	model	model	NOUN
cjfa-3240	475	82	5	5	NUM
cjfa-3240	475	83	)	)	PUNCT
cjfa-3240	475	84	(	(	PUNCT
cjfa-3240	475	85	model	model	NOUN
cjfa-3240	475	86	6	6	NUM
cjfa-3240	475	87	)	)	PUNCT
cjfa-3240	475	88	compen_1	compen_1	NOUN
cjfa-3240	475	89	+	+	CCONJ
cjfa-3240	476	1	0.7191	0.7191	NUM
cjfa-3240	476	2	*	*	PUNCT
cjfa-3240	476	3	*	*	PUNCT
cjfa-3240	476	4	*	*	PUNCT
cjfa-3240	476	5	(	(	PUNCT
cjfa-3240	476	6	0.0230	0.0230	NUM
cjfa-3240	476	7	)	)	PUNCT
cjfa-3240	476	8	fixrem_1	fixrem_1	NOUN
cjfa-3240	476	9	0.9006	0.9006	NUM
cjfa-3240	476	10	*	*	PUNCT
cjfa-3240	476	11	*	*	PUNCT
cjfa-3240	476	12	*	*	PUNCT
cjfa-3240	476	13	(	(	PUNCT
cjfa-3240	476	14	0.0289	0.0289	NUM
cjfa-3240	476	15	)	)	PUNCT
cjfa-3240	476	16	varrem_1	varrem_1	PROPN
cjfa-3240	476	17	+	+	NUM
cjfa-3240	476	18	0.5574	0.5574	NUM
cjfa-3240	476	19	*	*	SYM
cjfa-3240	476	20	*	*	PUNCT
cjfa-3240	476	21	*	*	PUNCT
cjfa-3240	476	22	(	(	PUNCT
cjfa-3240	476	23	0.0414	0.0414	NUM
cjfa-3240	476	24	)	)	PUNCT
cjfa-3240	476	25	salfee_1	salfee_1	NOUN
cjfa-3240	476	26	+	+	X
cjfa-3240	476	27	0.9290	0.9290	NUM
cjfa-3240	476	28	*	*	PUNCT
cjfa-3240	476	29	*	*	PUNCT
cjfa-3240	476	30	*	*	PUNCT
cjfa-3240	476	31	(	(	PUNCT
cjfa-3240	476	32	0.0149	0.0149	NUM
cjfa-3240	476	33	)	)	PUNCT
cjfa-3240	476	34	attfee_1	attfee_1	NOUN
cjfa-3240	476	35	+	+	CCONJ
cjfa-3240	476	36	0.8870	0.8870	NUM
cjfa-3240	476	37	*	*	PUNCT
cjfa-3240	476	38	*	*	PUNCT
cjfa-3240	476	39	*	*	PUNCT
cjfa-3240	476	40	(	(	PUNCT
cjfa-3240	476	41	0.1268	0.1268	NUM
cjfa-3240	476	42	)	)	PUNCT
cjfa-3240	476	43	other_1	other_1	NOUN
cjfa-3240	476	44	+	+	NOUN
cjfa-3240	476	45	0.6599	0.6599	NUM
cjfa-3240	476	46	*	*	PUNCT
cjfa-3240	476	47	*	*	PUNCT
cjfa-3240	476	48	*	*	PUNCT
cjfa-3240	476	49	(	(	PUNCT
cjfa-3240	476	50	0.0362	0.0362	NUM
cjfa-3240	476	51	)	)	PUNCT
cjfa-3240	476	52	owndir	owndir	NOUN
cjfa-3240	476	53	0.1381	0.1381	NUM
cjfa-3240	476	54	*	*	SYM
cjfa-3240	476	55	*	*	PUNCT
cjfa-3240	476	56	(	(	PUNCT
cjfa-3240	476	57	0.0763	0.0763	NUM
cjfa-3240	476	58	)	)	PUNCT
cjfa-3240	476	59	-0.0975	-0.0975	PROPN
cjfa-3240	476	60	(	(	PUNCT
cjfa-3240	476	61	0.0813	0.0813	NUM
cjfa-3240	476	62	)	)	PUNCT
cjfa-3240	476	63	-0.7362	-0.7362	VERB
cjfa-3240	476	64	*	*	PROPN
cjfa-3240	477	1	*	*	PUNCT
cjfa-3240	477	2	(	(	PUNCT
cjfa-3240	477	3	0.3681	0.3681	NUM
cjfa-3240	477	4	)	)	PUNCT
cjfa-3240	477	5	0.0023	0.0023	NUM
cjfa-3240	477	6	(	(	PUNCT
cjfa-3240	477	7	0.0819	0.0819	NUM
cjfa-3240	477	8	)	)	PUNCT
cjfa-3240	477	9	0.2666	0.2666	NUM
cjfa-3240	477	10	(	(	PUNCT
cjfa-3240	477	11	0.3503	0.3503	NUM
cjfa-3240	477	12	)	)	PUNCT
cjfa-3240	477	13	0.6645	0.6645	NUM
cjfa-3240	477	14	(	(	PUNCT
cjfa-3240	477	15	0.5029	0.5029	NUM
cjfa-3240	477	16	)	)	PUNCT
cjfa-3240	477	17	ceodua	ceodua	NOUN
cjfa-3240	477	18	+	+	CCONJ
cjfa-3240	477	19	0.0254	0.0254	NUM
cjfa-3240	477	20	*	*	PUNCT
cjfa-3240	477	21	*	*	PUNCT
cjfa-3240	477	22	*	*	PUNCT
cjfa-3240	477	23	(	(	PUNCT
cjfa-3240	477	24	0.0062	0.0062	NUM
cjfa-3240	477	25	)	)	PUNCT
cjfa-3240	477	26	0.0153	0.0153	NUM
cjfa-3240	477	27	*	*	PUNCT
cjfa-3240	477	28	*	*	PUNCT
cjfa-3240	477	29	*	*	PUNCT
cjfa-3240	477	30	(	(	PUNCT
cjfa-3240	477	31	0.0046	0.0046	NUM
cjfa-3240	477	32	)	)	PUNCT
cjfa-3240	477	33	0.0514	0.0514	NUM
cjfa-3240	477	34	*	*	PUNCT
cjfa-3240	477	35	*	*	PUNCT
cjfa-3240	477	36	*	*	PUNCT
cjfa-3240	477	37	(	(	PUNCT
cjfa-3240	477	38	0.0149	0.0149	NUM
cjfa-3240	477	39	)	)	PUNCT
cjfa-3240	477	40	0.0024	0.0024	NUM
cjfa-3240	477	41	(	(	PUNCT
cjfa-3240	477	42	0.0048	0.0048	NUM
cjfa-3240	477	43	)	)	PUNCT
cjfa-3240	477	44	0.0263	0.0263	NUM
cjfa-3240	477	45	(	(	PUNCT
cjfa-3240	477	46	0.0192	0.0192	NUM
cjfa-3240	477	47	)	)	PUNCT
cjfa-3240	477	48	0.0516	0.0516	NUM
cjfa-3240	477	49	(	(	PUNCT
cjfa-3240	477	50	0.0308	0.0308	NUM
cjfa-3240	477	51	)	)	PUNCT
cjfa-3240	477	52	outsid	outsid	VERB
cjfa-3240	477	53	0.5973	0.5973	NUM
cjfa-3240	477	54	*	*	PUNCT
cjfa-3240	477	55	*	*	PUNCT
cjfa-3240	477	56	*	*	PUNCT
cjfa-3240	477	57	(	(	PUNCT
cjfa-3240	477	58	0.0987	0.0987	NUM
cjfa-3240	477	59	)	)	PUNCT
cjfa-3240	477	60	0.4028	0.4028	NUM
cjfa-3240	477	61	*	*	PUNCT
cjfa-3240	477	62	*	*	PUNCT
cjfa-3240	477	63	*	*	PUNCT
cjfa-3240	477	64	(	(	PUNCT
cjfa-3240	477	65	0.0905	0.0905	NUM
cjfa-3240	477	66	)	)	PUNCT
cjfa-3240	477	67	0.6325	0.6325	NUM
cjfa-3240	478	1	*	*	PUNCT
cjfa-3240	479	1	*	*	PUNCT
cjfa-3240	479	2	*	*	PUNCT
cjfa-3240	479	3	(	(	PUNCT
cjfa-3240	479	4	0.1912	0.1912	NUM
cjfa-3240	479	5	)	)	PUNCT
cjfa-3240	479	6	-0.0044	-0.0044	NOUN
cjfa-3240	480	1	(	(	PUNCT
cjfa-3240	480	2	0.0855	0.0855	NUM
cjfa-3240	480	3	)	)	PUNCT
cjfa-3240	480	4	0.1408	0.1408	NUM
cjfa-3240	480	5	(	(	PUNCT
cjfa-3240	480	6	0.2344	0.2344	NUM
cjfa-3240	480	7	)	)	PUNCT
cjfa-3240	480	8	-0.5072	-0.5072	NOUN
cjfa-3240	480	9	(	(	PUNCT
cjfa-3240	480	10	0.8411	0.8411	NUM
cjfa-3240	480	11	)	)	PUNCT
cjfa-3240	480	12	brdsize	brdsize	VERB
cjfa-3240	480	13	0.0299	0.0299	NUM
cjfa-3240	480	14	(	(	PUNCT
cjfa-3240	480	15	0.0185	0.0185	NUM
cjfa-3240	480	16	)	)	PUNCT
cjfa-3240	480	17	-0.0234	-0.0234	NOUN
cjfa-3240	480	18	(	(	PUNCT
cjfa-3240	480	19	0.1477	0.1477	NUM
cjfa-3240	480	20	)	)	PUNCT
cjfa-3240	480	21	-0.2395	-0.2395	NOUN
cjfa-3240	481	1	*	*	PUNCT
cjfa-3240	481	2	*	*	PUNCT
cjfa-3240	481	3	(	(	PUNCT
cjfa-3240	481	4	0.0900	0.0900	NUM
cjfa-3240	481	5	)	)	PUNCT
cjfa-3240	481	6	0.0134	0.0134	NUM
cjfa-3240	481	7	(	(	PUNCT
cjfa-3240	481	8	0.0121	0.0121	NUM
cjfa-3240	481	9	)	)	PUNCT
cjfa-3240	481	10	-0.1805	-0.1805	NOUN
cjfa-3240	481	11	(	(	PUNCT
cjfa-3240	481	12	0.1797	0.1797	NUM
cjfa-3240	481	13	)	)	PUNCT
cjfa-3240	481	14	-0.4059	-0.4059	NOUN
cjfa-3240	482	1	*	*	PUNCT
cjfa-3240	482	2	*	*	PUNCT
cjfa-3240	482	3	*	*	PUNCT
cjfa-3240	482	4	(	(	PUNCT
cjfa-3240	482	5	0.1160	0.1160	NUM
cjfa-3240	482	6	)	)	PUNCT
cjfa-3240	482	7	brdsize2	brdsize2	NOUN
cjfa-3240	483	1	+	+	CCONJ
cjfa-3240	483	2	-0.0012	-0.0012	NOUN
cjfa-3240	483	3	*	*	SYM
cjfa-3240	483	4	*	*	PUNCT
cjfa-3240	483	5	(	(	PUNCT
cjfa-3240	483	6	0.0006	0.0006	NUM
cjfa-3240	483	7	)	)	PUNCT
cjfa-3240	483	8	0.0008	0.0008	NUM
cjfa-3240	483	9	(	(	PUNCT
cjfa-3240	483	10	0.0005	0.0005	NUM
cjfa-3240	483	11	)	)	PUNCT
cjfa-3240	483	12	0.0058	0.0058	NUM
cjfa-3240	483	13	*	*	PUNCT
cjfa-3240	483	14	*	*	PUNCT
cjfa-3240	483	15	(	(	PUNCT
cjfa-3240	483	16	0.0027	0.0027	NUM
cjfa-3240	483	17	)	)	PUNCT
cjfa-3240	483	18	-0.0001	-0.0001	NOUN
cjfa-3240	483	19	(	(	PUNCT
cjfa-3240	483	20	0.0005	0.0005	NUM
cjfa-3240	483	21	)	)	PUNCT
cjfa-3240	483	22	0.0056	0.0056	NUM
cjfa-3240	483	23	(	(	PUNCT
cjfa-3240	483	24	0.0061	0.0061	NUM
cjfa-3240	483	25	)	)	PUNCT
cjfa-3240	483	26	0.0159	0.0159	NUM
cjfa-3240	483	27	*	*	PUNCT
cjfa-3240	483	28	*	*	PUNCT
cjfa-3240	483	29	*	*	PUNCT
cjfa-3240	483	30	(	(	PUNCT
cjfa-3240	483	31	0.0041	0.0041	NUM
cjfa-3240	483	32	)	)	PUNCT
cjfa-3240	483	33	crpsize	crpsize	NOUN
cjfa-3240	483	34	+	+	CCONJ
cjfa-3240	483	35	0.1604	0.1604	NUM
cjfa-3240	483	36	*	*	PUNCT
cjfa-3240	483	37	*	*	PUNCT
cjfa-3240	483	38	*	*	PUNCT
cjfa-3240	483	39	(	(	PUNCT
cjfa-3240	483	40	0.0177	0.0177	NUM
cjfa-3240	483	41	)	)	PUNCT
cjfa-3240	484	1	0.0513	0.0513	NUM
cjfa-3240	485	1	*	*	PUNCT
cjfa-3240	486	1	*	*	PUNCT
cjfa-3240	486	2	*	*	PUNCT
cjfa-3240	486	3	(	(	PUNCT
cjfa-3240	486	4	0.0142	0.0142	NUM
cjfa-3240	486	5	)	)	PUNCT
cjfa-3240	486	6	0.2017	0.2017	NUM
cjfa-3240	486	7	*	*	PUNCT
cjfa-3240	486	8	*	*	PUNCT
cjfa-3240	486	9	*	*	PUNCT
cjfa-3240	486	10	(	(	PUNCT
cjfa-3240	486	11	0.0480	0.0480	NUM
cjfa-3240	486	12	)	)	PUNCT
cjfa-3240	486	13	0.0815	0.0815	NOUN
cjfa-3240	486	14	*	*	PUNCT
cjfa-3240	486	15	*	*	PUNCT
cjfa-3240	486	16	*	*	PUNCT
cjfa-3240	486	17	(	(	PUNCT
cjfa-3240	486	18	0.0099	0.0099	NUM
cjfa-3240	486	19	)	)	PUNCT
cjfa-3240	486	20	0.1172	0.1172	NUM
cjfa-3240	486	21	(	(	PUNCT
cjfa-3240	486	22	0.1002	0.1002	NUM
cjfa-3240	486	23	)	)	PUNCT
cjfa-3240	486	24	0.0336	0.0336	NUM
cjfa-3240	486	25	(	(	PUNCT
cjfa-3240	486	26	0.0621	0.0621	NUM
cjfa-3240	486	27	)	)	PUNCT
cjfa-3240	486	28	roa	roa	NOUN
cjfa-3240	486	29	+	+	NOUN
cjfa-3240	486	30	0.5417	0.5417	NUM
cjfa-3240	486	31	*	*	PUNCT
cjfa-3240	486	32	*	*	PUNCT
cjfa-3240	486	33	*	*	PUNCT
cjfa-3240	486	34	(	(	PUNCT
cjfa-3240	486	35	0.1568	0.1568	NUM
cjfa-3240	486	36	)	)	PUNCT
cjfa-3240	486	37	0.0714	0.0714	NUM
cjfa-3240	486	38	(	(	PUNCT
cjfa-3240	486	39	0.1609	0.1609	NUM
cjfa-3240	486	40	)	)	PUNCT
cjfa-3240	486	41	0.4934	0.4934	NUM
cjfa-3240	486	42	(	(	PUNCT
cjfa-3240	486	43	1.3455	1.3455	NUM
cjfa-3240	486	44	)	)	PUNCT
cjfa-3240	486	45	0.1028	0.1028	NUM
cjfa-3240	486	46	(	(	PUNCT
cjfa-3240	486	47	0.0834	0.0834	NUM
cjfa-3240	486	48	)	)	PUNCT
cjfa-3240	486	49	-0.0011	-0.0011	NOUN
cjfa-3240	486	50	(	(	PUNCT
cjfa-3240	486	51	0.5769	0.5769	NUM
cjfa-3240	486	52	)	)	PUNCT
cjfa-3240	486	53	-0.5573	-0.5573	NOUN
cjfa-3240	487	1	(	(	PUNCT
cjfa-3240	487	2	1.2349	1.2349	NUM
cjfa-3240	487	3	)	)	PUNCT
cjfa-3240	487	4	elena	elena	NOUN
cjfa-3240	487	5	merino	merino	PROPN
cjfa-3240	487	6	,	,	PUNCT
cjfa-3240	487	7	montserrat	montserrat	PROPN
cjfa-3240	487	8	manzaneque	manzaneque	NOUN
cjfa-3240	487	9	,	,	PUNCT
cjfa-3240	487	10	alba	alba	PROPN
cjfa-3240	487	11	mª	mª	PROPN
cjfa-3240	487	12	priego144	priego144	PROPN
cjfa-3240	487	13	(	(	PUNCT
cjfa-3240	487	14	1	1	NUM
cjfa-3240	487	15	)	)	PUNCT
cjfa-3240	487	16	(	(	PUNCT
cjfa-3240	487	17	2	2	NUM
cjfa-3240	487	18	)	)	PUNCT
cjfa-3240	487	19	(	(	PUNCT
cjfa-3240	487	20	3	3	X
cjfa-3240	487	21	)	)	PUNCT
cjfa-3240	487	22	(	(	PUNCT
cjfa-3240	487	23	4	4	NUM
cjfa-3240	487	24	)	)	PUNCT
cjfa-3240	487	25	(	(	PUNCT
cjfa-3240	487	26	5	5	NUM
cjfa-3240	487	27	)	)	PUNCT
cjfa-3240	487	28	(	(	PUNCT
cjfa-3240	487	29	6	6	NUM
cjfa-3240	487	30	)	)	PUNCT
cjfa-3240	487	31	(	(	PUNCT
cjfa-3240	487	32	7	7	NUM
cjfa-3240	487	33	)	)	PUNCT
cjfa-3240	487	34	(	(	PUNCT
cjfa-3240	487	35	8)	8)	NUM
cjfa-3240	487	36	expected	expect	VERB
cjfa-3240	487	37	signs	sign	NOUN
cjfa-3240	487	38	(	(	PUNCT
cjfa-3240	487	39	model	model	NOUN
cjfa-3240	487	40	1	1	NUM
cjfa-3240	487	41	)	)	PUNCT
cjfa-3240	487	42	compensation	compensation	NOUN
cjfa-3240	487	43	by	by	ADP
cjfa-3240	487	44	director	director	NOUN
cjfa-3240	487	45	compen	compen	PROPN
cjfa-3240	487	46	fixed	fix	VERB
cjfa-3240	487	47	compensation	compensation	NOUN
cjfa-3240	487	48	by	by	ADP
cjfa-3240	487	49	director	director	NOUN
cjfa-3240	487	50	fixrem	fixrem	PROPN
cjfa-3240	487	51	variable	variable	PROPN
cjfa-3240	487	52	compensation	compensation	NOUN
cjfa-3240	487	53	by	by	ADP
cjfa-3240	487	54	director	director	NOUN
cjfa-3240	487	55	varrem	varrem	VERB
cjfa-3240	487	56	salary	salary	NOUN
cjfa-3240	487	57	fees	fee	NOUN
cjfa-3240	487	58	by	by	ADP
cjfa-3240	487	59	director	director	NOUN
cjfa-3240	487	60	salfee	salfee	NOUN
cjfa-3240	487	61	attendance	attendance	NOUN
cjfa-3240	487	62	fees	fee	NOUN
cjfa-3240	487	63	by	by	ADP
cjfa-3240	487	64	director	director	NOUN
cjfa-3240	487	65	attfee	attfee	NOUN
cjfa-3240	487	66	other	other	ADJ
cjfa-3240	487	67	perquisites	perquisite	NOUN
cjfa-3240	487	68	by	by	ADP
cjfa-3240	487	69	director	director	NOUN
cjfa-3240	487	70	othper	othper	NOUN
cjfa-3240	487	71	(	(	PUNCT
cjfa-3240	487	72	model	model	NOUN
cjfa-3240	487	73	1	1	NUM
cjfa-3240	487	74	)	)	PUNCT
cjfa-3240	487	75	(	(	PUNCT
cjfa-3240	487	76	model	model	NOUN
cjfa-3240	487	77	2	2	NUM
cjfa-3240	487	78	)	)	PUNCT
cjfa-3240	487	79	(	(	PUNCT
cjfa-3240	487	80	model	model	NOUN
cjfa-3240	487	81	3	3	NUM
cjfa-3240	487	82	)	)	PUNCT
cjfa-3240	487	83	(	(	PUNCT
cjfa-3240	487	84	model	model	NOUN
cjfa-3240	487	85	4	4	NUM
cjfa-3240	487	86	)	)	PUNCT
cjfa-3240	487	87	(	(	PUNCT
cjfa-3240	487	88	model	model	NOUN
cjfa-3240	487	89	5	5	NUM
cjfa-3240	487	90	)	)	PUNCT
cjfa-3240	487	91	(	(	PUNCT
cjfa-3240	487	92	model	model	NOUN
cjfa-3240	487	93	6	6	NUM
cjfa-3240	487	94	)	)	PUNCT
cjfa-3240	487	95	stockret	stockret	NOUN
cjfa-3240	487	96	+	+	CCONJ
cjfa-3240	487	97	-0.0244	-0.0244	PROPN
cjfa-3240	487	98	(	(	PUNCT
cjfa-3240	487	99	0.0069	0.0069	NUM
cjfa-3240	487	100	)	)	PUNCT
cjfa-3240	487	101	-0.0188	-0.0188	NOUN
cjfa-3240	487	102	(	(	PUNCT
cjfa-3240	487	103	0.0130	0.0130	NUM
cjfa-3240	487	104	)	)	PUNCT
cjfa-3240	487	105	0.2382	0.2382	NUM
cjfa-3240	487	106	*	*	PUNCT
cjfa-3240	487	107	*	*	PUNCT
cjfa-3240	487	108	*	*	PUNCT
cjfa-3240	487	109	(	(	PUNCT
cjfa-3240	487	110	0.0935	0.0935	NUM
cjfa-3240	487	111	)	)	PUNCT
cjfa-3240	487	112	-0.0222	-0.0222	NOUN
cjfa-3240	487	113	(	(	PUNCT
cjfa-3240	487	114	0.0135	0.0135	NUM
cjfa-3240	487	115	)	)	PUNCT
cjfa-3240	487	116	0.2357	0.2357	NUM
cjfa-3240	487	117	(	(	PUNCT
cjfa-3240	487	118	0.2878	0.2878	NUM
cjfa-3240	487	119	)	)	PUNCT
cjfa-3240	487	120	-0.0245	-0.0245	NOUN
cjfa-3240	487	121	(	(	PUNCT
cjfa-3240	487	122	0.0578	0.0578	NUM
cjfa-3240	487	123	)	)	PUNCT
cjfa-3240	487	124	intercept	intercept	NOUN
cjfa-3240	487	125	-0.2495	-0.2495	NOUN
cjfa-3240	487	126	(	(	PUNCT
cjfa-3240	487	127	0.3374	0.3374	NUM
cjfa-3240	487	128	)	)	PUNCT
cjfa-3240	487	129	0.1008	0.1008	NUM
cjfa-3240	487	130	(	(	PUNCT
cjfa-3240	487	131	0.3865	0.3865	NUM
cjfa-3240	487	132	)	)	PUNCT
cjfa-3240	488	1	2.0887	2.0887	NUM
cjfa-3240	488	2	*	*	PUNCT
cjfa-3240	488	3	*	*	PUNCT
cjfa-3240	488	4	*	*	PUNCT
cjfa-3240	488	5	(	(	PUNCT
cjfa-3240	488	6	0.6558	0.6558	NUM
cjfa-3240	488	7	)	)	PUNCT
cjfa-3240	488	8	-1.0894	-1.0894	PROPN
cjfa-3240	489	1	*	*	PUNCT
cjfa-3240	489	2	*	*	PUNCT
cjfa-3240	489	3	*	*	PUNCT
cjfa-3240	489	4	(	(	PUNCT
cjfa-3240	489	5	0.449	0.449	NUM
cjfa-3240	489	6	)	)	PUNCT
cjfa-3240	489	7	-0.1633	-0.1633	NOUN
cjfa-3240	489	8	(	(	PUNCT
cjfa-3240	489	9	1.1761	1.1761	NUM
cjfa-3240	489	10	)	)	PUNCT
cjfa-3240	489	11	5.2939	5.2939	NUM
cjfa-3240	489	12	*	*	PUNCT
cjfa-3240	489	13	*	*	PUNCT
cjfa-3240	489	14	*	*	PUNCT
cjfa-3240	489	15	(	(	PUNCT
cjfa-3240	489	16	1.2234	1.2234	NUM
cjfa-3240	489	17	)	)	PUNCT
cjfa-3240	489	18	test	test	NOUN
cjfa-3240	489	19	of	of	ADP
cjfa-3240	489	20	joint	joint	ADJ
cjfa-3240	489	21	significance	significance	NOUN
cjfa-3240	489	22	explanatory	explanatory	ADJ
cjfa-3240	489	23	variables	variable	NOUN
cjfa-3240	489	24	638.23	638.23	NUM
cjfa-3240	489	25	*	*	PUNCT
cjfa-3240	489	26	*	*	PUNCT
cjfa-3240	489	27	*	*	PUNCT
cjfa-3240	489	28	(	(	PUNCT
cjfa-3240	489	29	9	9	NUM
cjfa-3240	489	30	,	,	PUNCT
cjfa-3240	489	31	75	75	NUM
cjfa-3240	489	32	)	)	PUNCT
cjfa-3240	490	1	603.76	603.76	NUM
cjfa-3240	490	2	*	*	PUNCT
cjfa-3240	490	3	*	*	PUNCT
cjfa-3240	490	4	*	*	PUNCT
cjfa-3240	490	5	(	(	PUNCT
cjfa-3240	490	6	9	9	NUM
cjfa-3240	490	7	,	,	PUNCT
cjfa-3240	490	8	71	71	NUM
cjfa-3240	490	9	)	)	PUNCT
cjfa-3240	490	10	551.24	551.24	NUM
cjfa-3240	490	11	*	*	PUNCT
cjfa-3240	490	12	*	*	PUNCT
cjfa-3240	490	13	*	*	PUNCT
cjfa-3240	490	14	(	(	PUNCT
cjfa-3240	490	15	9	9	NUM
cjfa-3240	490	16	,	,	PUNCT
cjfa-3240	490	17	48	48	NUM
cjfa-3240	490	18	)	)	PUNCT
cjfa-3240	490	19	1,247.62	1,247.62	NUM
cjfa-3240	490	20	*	*	PUNCT
cjfa-3240	490	21	*	*	PUNCT
cjfa-3240	490	22	*	*	PUNCT
cjfa-3240	490	23	(	(	PUNCT
cjfa-3240	490	24	9	9	NUM
cjfa-3240	490	25	,	,	PUNCT
cjfa-3240	490	26	56	56	NUM
cjfa-3240	490	27	)	)	PUNCT
cjfa-3240	490	28	650.30	650.30	NUM
cjfa-3240	490	29	*	*	PUNCT
cjfa-3240	490	30	*	*	PUNCT
cjfa-3240	490	31	*	*	PUNCT
cjfa-3240	490	32	(	(	PUNCT
cjfa-3240	490	33	9	9	NUM
cjfa-3240	490	34	,	,	PUNCT
cjfa-3240	490	35	31	31	NUM
cjfa-3240	490	36	)	)	PUNCT
cjfa-3240	490	37	191.09	191.09	NUM
cjfa-3240	490	38	*	*	PUNCT
cjfa-3240	490	39	*	*	PUNCT
cjfa-3240	490	40	*	*	PUNCT
cjfa-3240	490	41	(	(	PUNCT
cjfa-3240	490	42	9	9	NUM
cjfa-3240	490	43	,	,	PUNCT
cjfa-3240	490	44	49	49	NUM
cjfa-3240	490	45	)	)	PUNCT
cjfa-3240	490	46	dummy	dummy	ADJ
cjfa-3240	490	47	year	year	NOUN
cjfa-3240	490	48	variables	variable	VERB
cjfa-3240	490	49	15.65	15.65	NUM
cjfa-3240	490	50	*	*	PUNCT
cjfa-3240	490	51	*	*	PUNCT
cjfa-3240	490	52	*	*	PUNCT
cjfa-3240	490	53	(	(	PUNCT
cjfa-3240	490	54	4	4	NUM
cjfa-3240	490	55	,	,	PUNCT
cjfa-3240	490	56	75	75	NUM
cjfa-3240	490	57	)	)	PUNCT
cjfa-3240	490	58	13.39	13.39	NUM
cjfa-3240	490	59	*	*	PUNCT
cjfa-3240	490	60	*	*	PUNCT
cjfa-3240	490	61	*	*	PUNCT
cjfa-3240	490	62	(	(	PUNCT
cjfa-3240	490	63	4	4	NUM
cjfa-3240	490	64	,	,	PUNCT
cjfa-3240	490	65	71	71	NUM
cjfa-3240	490	66	)	)	PUNCT
cjfa-3240	490	67	15.23	15.23	NUM
cjfa-3240	490	68	*	*	PUNCT
cjfa-3240	490	69	*	*	PUNCT
cjfa-3240	490	70	*	*	PUNCT
cjfa-3240	490	71	(	(	PUNCT
cjfa-3240	490	72	4	4	NUM
cjfa-3240	490	73	,	,	PUNCT
cjfa-3240	490	74	48	48	NUM
cjfa-3240	490	75	)	)	PUNCT
cjfa-3240	490	76	79,53	79,53	NUM
cjfa-3240	490	77	*	*	NOUN
cjfa-3240	490	78	*	*	PUNCT
cjfa-3240	490	79	*	*	PUNCT
cjfa-3240	490	80	(	(	PUNCT
cjfa-3240	490	81	4	4	NUM
cjfa-3240	490	82	,	,	PUNCT
cjfa-3240	490	83	56	56	NUM
cjfa-3240	490	84	)	)	PUNCT
cjfa-3240	490	85	4.28	4.28	NUM
cjfa-3240	490	86	*	*	PUNCT
cjfa-3240	490	87	*	*	PUNCT
cjfa-3240	490	88	*	*	PUNCT
cjfa-3240	490	89	(	(	PUNCT
cjfa-3240	490	90	4	4	NUM
cjfa-3240	490	91	,	,	PUNCT
cjfa-3240	490	92	31	31	NUM
cjfa-3240	490	93	)	)	PUNCT
cjfa-3240	490	94	0.06	0.06	NUM
cjfa-3240	490	95	(	(	PUNCT
cjfa-3240	490	96	4	4	NUM
cjfa-3240	490	97	,	,	PUNCT
cjfa-3240	490	98	49	49	NUM
cjfa-3240	490	99	)	)	PUNCT
cjfa-3240	490	100	overidentifying	overidentifying	NOUN
cjfa-3240	490	101	test	test	NOUN
cjfa-3240	490	102	hansen	hansen	PROPN
cjfa-3240	491	1	60.08	60.08	NUM
cjfa-3240	491	2	(	(	PUNCT
cjfa-3240	491	3	96	96	NUM
cjfa-3240	491	4	)	)	PUNCT
cjfa-3240	491	5	57.65	57.65	NUM
cjfa-3240	491	6	(	(	PUNCT
cjfa-3240	491	7	97	97	NUM
cjfa-3240	491	8	)	)	PUNCT
cjfa-3240	491	9	28.89	28.89	NUM
cjfa-3240	491	10	(	(	PUNCT
cjfa-3240	491	11	97	97	NUM
cjfa-3240	491	12	)	)	PUNCT
cjfa-3240	491	13	38.91	38.91	NUM
cjfa-3240	491	14	(	(	PUNCT
cjfa-3240	491	15	97	97	NUM
cjfa-3240	491	16	)	)	PUNCT
cjfa-3240	491	17	15.17	15.17	NUM
cjfa-3240	491	18	(	(	PUNCT
cjfa-3240	491	19	97	97	NUM
cjfa-3240	491	20	)	)	PUNCT
cjfa-3240	491	21	28.73	28.73	NUM
cjfa-3240	491	22	(	(	PUNCT
cjfa-3240	491	23	97	97	NUM
cjfa-3240	491	24	)	)	PUNCT
cjfa-3240	491	25	autocorrelation	autocorrelation	NOUN
cjfa-3240	491	26	test	test	NOUN
cjfa-3240	491	27	ar(1	ar(1	NOUN
cjfa-3240	491	28	)	)	PUNCT
cjfa-3240	491	29	-3.10	-3.10	NOUN
cjfa-3240	491	30	*	*	PUNCT
cjfa-3240	491	31	*	*	PUNCT
cjfa-3240	491	32	*	*	PUNCT
cjfa-3240	491	33	-3.56	-3.56	NOUN
cjfa-3240	491	34	*	*	VERB
cjfa-3240	491	35	*	*	PUNCT
cjfa-3240	491	36	*	*	PUNCT
cjfa-3240	491	37	-1.90	-1.90	PRON
cjfa-3240	491	38	*	*	PUNCT
cjfa-3240	491	39	*	*	NOUN
cjfa-3240	491	40	-2.72	-2.72	PUNCT
cjfa-3240	491	41	*	*	PUNCT
cjfa-3240	491	42	*	*	PUNCT
cjfa-3240	491	43	*	*	PUNCT
cjfa-3240	491	44	-1.80	-1.80	ADJ
cjfa-3240	491	45	*	*	PUNCT
cjfa-3240	491	46	*	*	PUNCT
cjfa-3240	491	47	-3.07	-3.07	PRON
cjfa-3240	491	48	*	*	PROPN
cjfa-3240	491	49	*	*	PUNCT
cjfa-3240	491	50	*	*	PUNCT
cjfa-3240	491	51	ar(2	ar(2	PROPN
cjfa-3240	491	52	)	)	PUNCT
cjfa-3240	491	53	0.48	0.48	NUM
cjfa-3240	491	54	-1.27	-1.27	NOUN
cjfa-3240	491	55	0.68	0.68	NUM
cjfa-3240	491	56	1.44	1.44	NUM
cjfa-3240	491	57	1.15	1.15	NUM
cjfa-3240	491	58	0.31	0.31	NUM
cjfa-3240	491	59	a.	a.	NOUN
cjfa-3240	491	60	this	this	DET
cjfa-3240	491	61	table	table	NOUN
cjfa-3240	491	62	displays	display	VERB
cjfa-3240	491	63	the	the	DET
cjfa-3240	491	64	impact	impact	NOUN
cjfa-3240	491	65	of	of	ADP
cjfa-3240	491	66	characteristics	characteristic	NOUN
cjfa-3240	491	67	of	of	ADP
cjfa-3240	491	68	the	the	DET
cjfa-3240	491	69	board	board	NOUN
cjfa-3240	491	70	on	on	ADP
cjfa-3240	491	71	the	the	DET
cjfa-3240	491	72	level	level	NOUN
cjfa-3240	491	73	of	of	ADP
cjfa-3240	491	74	compensation	compensation	NOUN
cjfa-3240	491	75	by	by	ADP
cjfa-3240	491	76	type	type	NOUN
cjfa-3240	491	77	of	of	ADP
cjfa-3240	491	78	compensation	compensation	NOUN
cjfa-3240	491	79	variables	variable	NOUN
cjfa-3240	491	80	are	be	AUX
cjfa-3240	491	81	defined	define	VERB
cjfa-3240	491	82	in	in	ADP
cjfa-3240	491	83	table	table	NOUN
cjfa-3240	491	84	2	2	NUM
cjfa-3240	491	85	models	model	NOUN
cjfa-3240	491	86	are	be	AUX
cjfa-3240	491	87	run	run	VERB
cjfa-3240	491	88	with	with	ADP
cjfa-3240	491	89	the	the	DET
cjfa-3240	491	90	system	system	NOUN
cjfa-3240	491	91	-	-	PUNCT
cjfa-3240	491	92	gmm	gmm	NOUN
cjfa-3240	491	93	methods	method	NOUN
cjfa-3240	491	94	standard	standard	ADJ
cjfa-3240	491	95	error	error	NOUN
cjfa-3240	491	96	in	in	ADP
cjfa-3240	491	97	brackets	bracket	NOUN
cjfa-3240	491	98	in	in	ADP
cjfa-3240	491	99	bold	bold	ADJ
cjfa-3240	491	100	,	,	PUNCT
cjfa-3240	491	101	significant	significant	ADJ
cjfa-3240	491	102	coefficients	coefficient	NOUN
cjfa-3240	491	103	*	*	PUNCT
cjfa-3240	491	104	.	.	PUNCT
cjfa-3240	492	1	*	*	PUNCT
cjfa-3240	492	2	*	*	PUNCT
cjfa-3240	492	3	.	.	PUNCT
cjfa-3240	493	1	*	*	PUNCT
cjfa-3240	493	2	*	*	PUNCT
cjfa-3240	493	3	*	*	AUX
cjfa-3240	493	4	respectively	respectively	ADV
cjfa-3240	493	5	indicate	indicate	VERB
cjfa-3240	493	6	significance	significance	NOUN
cjfa-3240	493	7	levels	level	NOUN
cjfa-3240	493	8	at	at	ADP
cjfa-3240	493	9	10	10	NUM
cjfa-3240	493	10	%	%	NOUN
cjfa-3240	493	11	,	,	PUNCT
cjfa-3240	493	12	5	5	NUM
cjfa-3240	493	13	%	%	NOUN
cjfa-3240	493	14	and	and	CCONJ
cjfa-3240	493	15	1	1	NUM
cjfa-3240	493	16	%	%	NOUN
cjfa-3240	493	17	.	.	PUNCT
cjfa-3240	494	1	in	in	ADP
cjfa-3240	494	2	column	column	NOUN
cjfa-3240	494	3	(	(	PUNCT
cjfa-3240	494	4	2	2	NUM
cjfa-3240	494	5	)	)	PUNCT
cjfa-3240	494	6	,	,	PUNCT
cjfa-3240	494	7	the	the	DET
cjfa-3240	494	8	predicted	predict	VERB
cjfa-3240	494	9	sign	sign	NOUN
cjfa-3240	494	10	on	on	ADP
cjfa-3240	494	11	each	each	DET
cjfa-3240	494	12	variable	variable	NOUN
cjfa-3240	494	13	in	in	ADP
cjfa-3240	494	14	the	the	DET
cjfa-3240	494	15	regression	regression	NOUN
cjfa-3240	494	16	is	be	AUX
cjfa-3240	494	17	indicated	indicate	VERB
cjfa-3240	494	18	s	s	PART
cjfa-3240	494	19	o	o	NOUN
cjfa-3240	494	20	u	u	NOUN
cjfa-3240	494	21	r	r	NOUN
cjfa-3240	494	22	c	c	NOUN
cjfa-3240	494	23	e	e	NOUN
cjfa-3240	494	24	:	:	PUNCT
cjfa-3240	494	25	authors	author	NOUN
cjfa-3240	494	26	’	'	PUNCT
cjfa-3240	494	27	own	own	ADJ
cjfa-3240	494	28	.	.	PUNCT
cjfa-3240	495	1	as	as	SCONJ
cjfa-3240	495	2	we	we	PRON
cjfa-3240	495	3	expected	expect	VERB
cjfa-3240	495	4	,	,	PUNCT
cjfa-3240	495	5	the	the	DET
cjfa-3240	495	6	results	result	NOUN
cjfa-3240	495	7	show	show	VERB
cjfa-3240	495	8	a	a	DET
cjfa-3240	495	9	significant	significant	ADJ
cjfa-3240	495	10	and	and	CCONJ
cjfa-3240	495	11	negative	negative	ADJ
cjfa-3240	495	12	relationship	relationship	NOUN
cjfa-3240	495	13	between	between	ADP
cjfa-3240	495	14	the	the	DET
cjfa-3240	495	15	ownership	ownership	NOUN
cjfa-3240	495	16	of	of	ADP
cjfa-3240	495	17	board	board	NOUN
cjfa-3240	495	18	of	of	ADP
cjfa-3240	495	19	directors	director	NOUN
cjfa-3240	495	20	(	(	PUNCT
cjfa-3240	495	21	owndir	owndir	NOUN
cjfa-3240	495	22	)	)	PUNCT
cjfa-3240	495	23	and	and	CCONJ
cjfa-3240	495	24	the	the	DET
cjfa-3240	495	25	compensation	compensation	NOUN
cjfa-3240	495	26	received	receive	VERB
cjfa-3240	495	27	by	by	ADP
cjfa-3240	495	28	them	they	PRON
cjfa-3240	495	29	(	(	PUNCT
cjfa-3240	495	30	coeff	coeff	PROPN
cjfa-3240	495	31	.	.	PUNCT
cjfa-3240	495	32	-0.1381	-0.1381	PROPN
cjfa-3240	495	33	)	)	PUNCT
cjfa-3240	495	34	.	.	PUNCT
cjfa-3240	496	1	this	this	PRON
cjfa-3240	496	2	is	be	AUX
cjfa-3240	496	3	consistent	consistent	ADJ
cjfa-3240	496	4	with	with	ADP
cjfa-3240	496	5	the	the	DET
cjfa-3240	496	6	theoretical	theoretical	ADJ
cjfa-3240	496	7	approaches	approach	NOUN
cjfa-3240	496	8	developed	develop	VERB
cjfa-3240	496	9	by	by	ADP
cjfa-3240	496	10	the	the	DET
cjfa-3240	496	11	agency	agency	NOUN
cjfa-3240	496	12	theory	theory	NOUN
cjfa-3240	496	13	which	which	PRON
cjfa-3240	496	14	advocates	advocate	VERB
cjfa-3240	496	15	the	the	DET
cjfa-3240	496	16	importance	importance	NOUN
cjfa-3240	496	17	of	of	ADP
cjfa-3240	496	18	share	share	NOUN
cjfa-3240	496	19	ownership	ownership	NOUN
cjfa-3240	496	20	as	as	ADP
cjfa-3240	496	21	corporate	corporate	ADJ
cjfa-3240	496	22	governance	governance	NOUN
cjfa-3240	496	23	mechanism	mechanism	NOUN
cjfa-3240	496	24	to	to	PART
cjfa-3240	496	25	align	align	VERB
cjfa-3240	496	26	the	the	DET
cjfa-3240	496	27	interest	interest	NOUN
cjfa-3240	496	28	of	of	ADP
cjfa-3240	496	29	“	"	PUNCT
cjfa-3240	496	30	board	board	NOUN
cjfa-3240	496	31	independence	independence	NOUN
cjfa-3240	496	32	”	"	PUNCT
cjfa-3240	496	33	and	and	CCONJ
cjfa-3240	496	34	compensation	compensation	NOUN
cjfa-3240	496	35	structure	structure	NOUN
cjfa-3240	496	36	of	of	ADP
cjfa-3240	496	37	directors	director	NOUN
cjfa-3240	496	38	145	145	NUM
cjfa-3240	496	39	shareholders	shareholder	NOUN
cjfa-3240	496	40	and	and	CCONJ
cjfa-3240	496	41	director	director	NOUN
cjfa-3240	496	42	in	in	ADP
cjfa-3240	496	43	relation	relation	NOUN
cjfa-3240	496	44	to	to	ADP
cjfa-3240	496	45	compensation	compensation	NOUN
cjfa-3240	496	46	received	receive	VERB
cjfa-3240	496	47	by	by	ADP
cjfa-3240	496	48	board	board	NOUN
cjfa-3240	496	49	members	member	NOUN
cjfa-3240	496	50	.	.	PUNCT
cjfa-3240	497	1	the	the	DET
cjfa-3240	497	2	variable	variable	ADJ
cjfa-3240	497	3	ceodua	ceodua	NOUN
cjfa-3240	497	4	(	(	PUNCT
cjfa-3240	497	5	concentration	concentration	NOUN
cjfa-3240	497	6	of	of	ADP
cjfa-3240	497	7	powers	power	NOUN
cjfa-3240	497	8	of	of	ADP
cjfa-3240	497	9	the	the	DET
cjfa-3240	497	10	chairman	chairman	NOUN
cjfa-3240	497	11	and	and	CCONJ
cjfa-3240	497	12	the	the	DET
cjfa-3240	497	13	chief	chief	ADJ
cjfa-3240	497	14	executive	executive	ADJ
cjfa-3240	497	15	officer	officer	NOUN
cjfa-3240	497	16	)	)	PUNCT
cjfa-3240	497	17	is	be	AUX
cjfa-3240	497	18	significant	significant	ADJ
cjfa-3240	497	19	(	(	PUNCT
cjfa-3240	497	20	coef	coef	PROPN
cjfa-3240	497	21	.	.	PUNCT
cjfa-3240	497	22	0.0254	0.0254	NUM
cjfa-3240	497	23	)	)	PUNCT
cjfa-3240	497	24	and	and	CCONJ
cjfa-3240	497	25	the	the	DET
cjfa-3240	497	26	relationship	relationship	NOUN
cjfa-3240	497	27	is	be	AUX
cjfa-3240	497	28	just	just	ADV
cjfa-3240	497	29	the	the	DET
cjfa-3240	497	30	expected	expect	VERB
cjfa-3240	497	31	.	.	PUNCT
cjfa-3240	498	1	in	in	ADP
cjfa-3240	498	2	this	this	DET
cjfa-3240	498	3	case	case	NOUN
cjfa-3240	498	4	,	,	PUNCT
cjfa-3240	498	5	the	the	DET
cjfa-3240	498	6	results	result	NOUN
cjfa-3240	498	7	highlight	highlight	VERB
cjfa-3240	498	8	the	the	DET
cjfa-3240	498	9	idea	idea	NOUN
cjfa-3240	498	10	that	that	SCONJ
cjfa-3240	498	11	a	a	DET
cjfa-3240	498	12	concentration	concentration	NOUN
cjfa-3240	498	13	of	of	ADP
cjfa-3240	498	14	power	power	NOUN
cjfa-3240	498	15	is	be	AUX
cjfa-3240	498	16	a	a	DET
cjfa-3240	498	17	problem	problem	NOUN
cjfa-3240	498	18	for	for	ADP
cjfa-3240	498	19	remuneration	remuneration	NOUN
cjfa-3240	498	20	control	control	NOUN
cjfa-3240	498	21	in	in	ADP
cjfa-3240	498	22	general	general	ADJ
cjfa-3240	498	23	terms	term	NOUN
cjfa-3240	498	24	.	.	PUNCT
cjfa-3240	499	1	these	these	DET
cjfa-3240	499	2	results	result	NOUN
cjfa-3240	499	3	coincide	coincide	VERB
cjfa-3240	499	4	with	with	ADP
cjfa-3240	499	5	those	those	PRON
cjfa-3240	499	6	obtained	obtain	VERB
cjfa-3240	499	7	by	by	ADP
cjfa-3240	499	8	previous	previous	ADJ
cjfa-3240	499	9	studies	study	NOUN
cjfa-3240	499	10	on	on	ADP
cjfa-3240	499	11	the	the	DET
cjfa-3240	499	12	matter	matter	NOUN
cjfa-3240	499	13	(	(	PUNCT
cjfa-3240	499	14	brick	brick	NOUN
cjfa-3240	499	15	et	et	NOUN
cjfa-3240	499	16	al	al	PROPN
cjfa-3240	499	17	.	.	PROPN
cjfa-3240	499	18	,	,	PUNCT
cjfa-3240	499	19	2006	2006	NUM
cjfa-3240	499	20	)	)	PUNCT
cjfa-3240	499	21	.	.	PUNCT
cjfa-3240	500	1	in	in	ADP
cjfa-3240	500	2	relation	relation	NOUN
cjfa-3240	500	3	to	to	ADP
cjfa-3240	500	4	outside	outside	ADJ
cjfa-3240	500	5	members	member	NOUN
cjfa-3240	500	6	on	on	ADP
cjfa-3240	500	7	the	the	DET
cjfa-3240	500	8	board	board	NOUN
cjfa-3240	500	9	(	(	PUNCT
cjfa-3240	500	10	outsid	outsid	PROPN
cjfa-3240	500	11	)	)	PUNCT
cjfa-3240	500	12	the	the	DET
cjfa-3240	500	13	results	result	NOUN
cjfa-3240	500	14	show	show	VERB
cjfa-3240	500	15	a	a	DET
cjfa-3240	500	16	significant	significant	ADJ
cjfa-3240	500	17	but	but	CCONJ
cjfa-3240	500	18	positive	positive	ADJ
cjfa-3240	500	19	relationship	relationship	NOUN
cjfa-3240	500	20	with	with	ADP
cjfa-3240	500	21	total	total	ADJ
cjfa-3240	500	22	compensation	compensation	NOUN
cjfa-3240	500	23	receive	receive	VERB
cjfa-3240	500	24	by	by	ADP
cjfa-3240	500	25	director	director	NOUN
cjfa-3240	500	26	(	(	PUNCT
cjfa-3240	500	27	coeff	coeff	PROPN
cjfa-3240	500	28	.	.	PUNCT
cjfa-3240	500	29	0.5973	0.5973	NUM
cjfa-3240	500	30	)	)	PUNCT
cjfa-3240	500	31	,	,	PUNCT
cjfa-3240	500	32	contrary	contrary	ADV
cjfa-3240	500	33	to	to	ADP
cjfa-3240	500	34	the	the	DET
cjfa-3240	500	35	expected	expect	VERB
cjfa-3240	500	36	.	.	PUNCT
cjfa-3240	501	1	this	this	DET
cjfa-3240	501	2	finding	finding	NOUN
cjfa-3240	501	3	suggests	suggest	VERB
cjfa-3240	501	4	a	a	DET
cjfa-3240	501	5	possible	possible	ADJ
cjfa-3240	501	6	problem	problem	NOUN
cjfa-3240	501	7	of	of	ADP
cjfa-3240	501	8	independence	independence	NOUN
cjfa-3240	501	9	and	and	CCONJ
cjfa-3240	501	10	control	control	NOUN
cjfa-3240	501	11	on	on	ADP
cjfa-3240	501	12	the	the	DET
cjfa-3240	501	13	board	board	NOUN
cjfa-3240	501	14	compensation	compensation	NOUN
cjfa-3240	501	15	exerted	exert	VERB
cjfa-3240	501	16	by	by	ADP
cjfa-3240	501	17	outside	outside	ADJ
cjfa-3240	501	18	directors	director	NOUN
cjfa-3240	501	19	.	.	PUNCT
cjfa-3240	502	1	regarding	regard	VERB
cjfa-3240	502	2	the	the	DET
cjfa-3240	502	3	board	board	NOUN
cjfa-3240	502	4	size	size	NOUN
cjfa-3240	502	5	(	(	PUNCT
cjfa-3240	502	6	brdsize	brdsize	PROPN
cjfa-3240	502	7	)	)	PUNCT
cjfa-3240	502	8	the	the	DET
cjfa-3240	502	9	sign	sign	NOUN
cjfa-3240	502	10	obtained	obtain	VERB
cjfa-3240	502	11	is	be	AUX
cjfa-3240	502	12	not	not	PART
cjfa-3240	502	13	as	as	SCONJ
cjfa-3240	502	14	expected	expect	VERB
cjfa-3240	502	15	,	,	PUNCT
cjfa-3240	502	16	so	so	ADV
cjfa-3240	502	17	the	the	DET
cjfa-3240	502	18	relationship	relationship	NOUN
cjfa-3240	502	19	between	between	ADP
cjfa-3240	502	20	board	board	NOUN
cjfa-3240	502	21	size	size	NOUN
cjfa-3240	502	22	and	and	CCONJ
cjfa-3240	502	23	compensation	compensation	NOUN
cjfa-3240	502	24	is	be	AUX
cjfa-3240	502	25	negative	negative	ADJ
cjfa-3240	502	26	regardless	regardless	ADV
cjfa-3240	502	27	of	of	ADP
cjfa-3240	502	28	the	the	DET
cjfa-3240	502	29	size	size	NOUN
cjfa-3240	502	30	of	of	ADP
cjfa-3240	502	31	the	the	DET
cjfa-3240	502	32	board	board	NOUN
cjfa-3240	502	33	.	.	PUNCT
cjfa-3240	503	1	this	this	DET
cjfa-3240	503	2	result	result	NOUN
cjfa-3240	503	3	doesn´t	doesn´t	PROPN
cjfa-3240	503	4	corroborate	corroborate	VERB
cjfa-3240	503	5	the	the	DET
cjfa-3240	503	6	nonlinear	nonlinear	ADJ
cjfa-3240	503	7	relationship	relationship	NOUN
cjfa-3240	503	8	between	between	ADP
cjfa-3240	503	9	the	the	DET
cjfa-3240	503	10	two	two	NUM
cjfa-3240	503	11	variables	variable	NOUN
cjfa-3240	503	12	,	,	PUNCT
cjfa-3240	503	13	contrary	contrary	ADV
cjfa-3240	503	14	to	to	ADP
cjfa-3240	503	15	other	other	ADJ
cjfa-3240	503	16	studies	study	NOUN
cjfa-3240	503	17	.	.	PUNCT
cjfa-3240	504	1	finally	finally	ADV
cjfa-3240	504	2	,	,	PUNCT
cjfa-3240	504	3	in	in	ADP
cjfa-3240	504	4	relation	relation	NOUN
cjfa-3240	504	5	to	to	ADP
cjfa-3240	504	6	the	the	DET
cjfa-3240	504	7	variables	variable	NOUN
cjfa-3240	504	8	related	relate	VERB
cjfa-3240	504	9	to	to	ADP
cjfa-3240	504	10	performance	performance	NOUN
cjfa-3240	504	11	,	,	PUNCT
cjfa-3240	504	12	roa	roa	PROPN
cjfa-3240	504	13	has	have	VERB
cjfa-3240	504	14	a	a	DET
cjfa-3240	504	15	significant	significant	ADJ
cjfa-3240	504	16	and	and	CCONJ
cjfa-3240	504	17	positive	positive	ADJ
cjfa-3240	504	18	relationship	relationship	NOUN
cjfa-3240	504	19	with	with	ADP
cjfa-3240	504	20	the	the	DET
cjfa-3240	504	21	directors	director	NOUN
cjfa-3240	504	22	’	’	PART
cjfa-3240	504	23	compensation	compensation	NOUN
cjfa-3240	504	24	(	(	PUNCT
cjfa-3240	504	25	coeff	coeff	PROPN
cjfa-3240	504	26	.	.	PUNCT
cjfa-3240	505	1	0.5417	0.5417	NUM
cjfa-3240	505	2	)	)	PUNCT
cjfa-3240	505	3	,	,	PUNCT
cjfa-3240	505	4	which	which	PRON
cjfa-3240	505	5	reveals	reveal	VERB
cjfa-3240	505	6	that	that	SCONJ
cjfa-3240	505	7	the	the	DET
cjfa-3240	505	8	compensation	compensation	NOUN
cjfa-3240	505	9	awarded	award	VERB
cjfa-3240	505	10	to	to	ADP
cjfa-3240	505	11	directors	director	NOUN
cjfa-3240	505	12	is	be	AUX
cjfa-3240	505	13	,	,	PUNCT
cjfa-3240	505	14	in	in	ADP
cjfa-3240	505	15	this	this	DET
cjfa-3240	505	16	case	case	NOUN
cjfa-3240	505	17	,	,	PUNCT
cjfa-3240	505	18	related	relate	VERB
cjfa-3240	505	19	to	to	ADP
cjfa-3240	505	20	the	the	DET
cjfa-3240	505	21	good	good	ADJ
cjfa-3240	505	22	performance	performance	NOUN
cjfa-3240	505	23	of	of	ADP
cjfa-3240	505	24	the	the	DET
cjfa-3240	505	25	company	company	NOUN
cjfa-3240	505	26	.	.	PUNCT
cjfa-3240	506	1	to	to	PART
cjfa-3240	506	2	sum	sum	VERB
cjfa-3240	506	3	up	up	ADP
cjfa-3240	506	4	,	,	PUNCT
cjfa-3240	506	5	these	these	DET
cjfa-3240	506	6	results	result	NOUN
cjfa-3240	506	7	are	be	AUX
cjfa-3240	506	8	consistent	consistent	ADJ
cjfa-3240	506	9	with	with	ADP
cjfa-3240	506	10	the	the	DET
cjfa-3240	506	11	perspective	perspective	NOUN
cjfa-3240	506	12	that	that	PRON
cjfa-3240	506	13	director	director	NOUN
cjfa-3240	506	14	compensation	compensation	NOUN
cjfa-3240	506	15	is	be	AUX
cjfa-3240	506	16	less	less	ADV
cjfa-3240	506	17	important	important	ADJ
cjfa-3240	506	18	in	in	ADP
cjfa-3240	506	19	aligning	align	VERB
cjfa-3240	506	20	the	the	DET
cjfa-3240	506	21	interests	interest	NOUN
cjfa-3240	506	22	of	of	ADP
cjfa-3240	506	23	directors	director	NOUN
cjfa-3240	506	24	and	and	CCONJ
cjfa-3240	506	25	shareholders	shareholder	NOUN
cjfa-3240	506	26	when	when	SCONJ
cjfa-3240	506	27	the	the	DET
cjfa-3240	506	28	corporate	corporate	ADJ
cjfa-3240	506	29	governance	governance	NOUN
cjfa-3240	506	30	mechanisms	mechanism	NOUN
cjfa-3240	506	31	are	be	AUX
cjfa-3240	506	32	stronger	strong	ADJ
cjfa-3240	506	33	(	(	PUNCT
cjfa-3240	506	34	bryan	bryan	PROPN
cjfa-3240	506	35	et	et	PROPN
cjfa-3240	506	36	al	al	PROPN
cjfa-3240	506	37	.	.	PROPN
cjfa-3240	506	38	,	,	PUNCT
cjfa-3240	506	39	2000	2000	NUM
cjfa-3240	506	40	;	;	PUNCT
cjfa-3240	506	41	manzaneque	manzaneque	PROPN
cjfa-3240	506	42	et	et	PROPN
cjfa-3240	506	43	al	al	PROPN
cjfa-3240	506	44	.	.	PROPN
cjfa-3240	506	45	,	,	PUNCT
cjfa-3240	506	46	2011	2011	NUM
cjfa-3240	506	47	;	;	PUNCT
cjfa-3240	506	48	merino	merino	PROPN
cjfa-3240	506	49	et	et	PROPN
cjfa-3240	506	50	al	al	PROPN
cjfa-3240	506	51	.	.	PROPN
cjfa-3240	506	52	,	,	PUNCT
cjfa-3240	506	53	2012	2012	NUM
cjfa-3240	506	54	)	)	PUNCT
cjfa-3240	506	55	.	.	PUNCT
cjfa-3240	507	1	however	however	ADV
cjfa-3240	507	2	,	,	PUNCT
cjfa-3240	507	3	and	and	CCONJ
cjfa-3240	507	4	contrarily	contrarily	ADV
cjfa-3240	507	5	to	to	ADP
cjfa-3240	507	6	the	the	DET
cjfa-3240	507	7	expected	expect	VERB
cjfa-3240	507	8	,	,	PUNCT
cjfa-3240	507	9	the	the	DET
cjfa-3240	507	10	percentage	percentage	NOUN
cjfa-3240	507	11	of	of	ADP
cjfa-3240	507	12	outside	outside	ADJ
cjfa-3240	507	13	member	member	NOUN
cjfa-3240	507	14	don´t	don´t	PROPN
cjfa-3240	507	15	guarantee	guarantee	VERB
cjfa-3240	507	16	an	an	DET
cjfa-3240	507	17	effective	effective	ADJ
cjfa-3240	507	18	monitoring	monitoring	NOUN
cjfa-3240	507	19	on	on	ADP
cjfa-3240	507	20	total	total	ADJ
cjfa-3240	507	21	compensation	compensation	NOUN
cjfa-3240	507	22	received	receive	VERB
cjfa-3240	507	23	by	by	ADP
cjfa-3240	507	24	director	director	NOUN
cjfa-3240	507	25	.	.	PUNCT
cjfa-3240	508	1	in	in	ADP
cjfa-3240	508	2	addition	addition	NOUN
cjfa-3240	508	3	,	,	PUNCT
cjfa-3240	508	4	this	this	DET
cjfa-3240	508	5	study	study	NOUN
cjfa-3240	508	6	reviews	review	VERB
cjfa-3240	508	7	the	the	DET
cjfa-3240	508	8	directors	director	NOUN
cjfa-3240	508	9	´	´	NOUN
cjfa-3240	508	10	compensation	compensation	NOUN
cjfa-3240	508	11	by	by	ADP
cjfa-3240	508	12	type	type	NOUN
cjfa-3240	508	13	of	of	ADP
cjfa-3240	508	14	compensation	compensation	NOUN
cjfa-3240	508	15	.	.	PUNCT
cjfa-3240	509	1	firstly	firstly	ADV
cjfa-3240	509	2	,	,	PUNCT
cjfa-3240	509	3	regarding	regard	VERB
cjfa-3240	509	4	to	to	ADP
cjfa-3240	509	5	fixed	fix	VERB
cjfa-3240	509	6	compensation	compensation	NOUN
cjfa-3240	509	7	(	(	PUNCT
cjfa-3240	509	8	table	table	NOUN
cjfa-3240	509	9	5	5	NUM
cjfa-3240	509	10	,	,	PUNCT
cjfa-3240	509	11	model	model	NOUN
cjfa-3240	509	12	2	2	NUM
cjfa-3240	509	13	)	)	PUNCT
cjfa-3240	509	14	ceodua	ceodua	NOUN
cjfa-3240	509	15	(	(	PUNCT
cjfa-3240	509	16	coeff	coeff	PROPN
cjfa-3240	509	17	.	.	PROPN
cjfa-3240	509	18	0.0153	0.0153	NUM
cjfa-3240	509	19	)	)	PUNCT
cjfa-3240	509	20	exert	exert	VERB
cjfa-3240	509	21	a	a	DET
cjfa-3240	509	22	positive	positive	ADJ
cjfa-3240	509	23	effect	effect	NOUN
cjfa-3240	509	24	on	on	ADP
cjfa-3240	509	25	directors	director	NOUN
cjfa-3240	509	26	’	'	PUNCT
cjfa-3240	509	27	compensation	compensation	NOUN
cjfa-3240	509	28	.	.	PUNCT
cjfa-3240	510	1	also	also	ADV
cjfa-3240	510	2	,	,	PUNCT
cjfa-3240	510	3	although	although	SCONJ
cjfa-3240	510	4	contrary	contrary	ADJ
cjfa-3240	510	5	to	to	ADP
cjfa-3240	510	6	the	the	DET
cjfa-3240	510	7	expected	expect	VERB
cjfa-3240	510	8	,	,	PUNCT
cjfa-3240	510	9	outsid	outsid	PROPN
cjfa-3240	510	10	(	(	PUNCT
cjfa-3240	510	11	coeff	coeff	PROPN
cjfa-3240	510	12	.	.	PROPN
cjfa-3240	510	13	0.4028	0.4028	NUM
cjfa-3240	510	14	)	)	PUNCT
cjfa-3240	510	15	have	have	VERB
cjfa-3240	510	16	a	a	DET
cjfa-3240	510	17	positive	positive	ADJ
cjfa-3240	510	18	relationship	relationship	NOUN
cjfa-3240	510	19	with	with	ADP
cjfa-3240	510	20	the	the	DET
cjfa-3240	510	21	directors	director	NOUN
cjfa-3240	510	22	´	´	NOUN
cjfa-3240	510	23	compensation	compensation	NOUN
cjfa-3240	510	24	.	.	PUNCT
cjfa-3240	511	1	secondly	secondly	ADV
cjfa-3240	511	2	,	,	PUNCT
cjfa-3240	511	3	variable	variable	ADJ
cjfa-3240	511	4	compensation	compensation	NOUN
cjfa-3240	511	5	by	by	ADP
cjfa-3240	511	6	director	director	NOUN
cjfa-3240	511	7	model	model	NOUN
cjfa-3240	511	8	(	(	PUNCT
cjfa-3240	511	9	table	table	NOUN
cjfa-3240	511	10	5	5	NUM
cjfa-3240	511	11	,	,	PUNCT
cjfa-3240	511	12	model	model	NOUN
cjfa-3240	511	13	3	3	NUM
cjfa-3240	511	14	)	)	PUNCT
cjfa-3240	511	15	shows	show	VERB
cjfa-3240	511	16	that	that	SCONJ
cjfa-3240	511	17	all	all	DET
cjfa-3240	511	18	variables	variable	NOUN
cjfa-3240	511	19	representative	representative	NOUN
cjfa-3240	511	20	of	of	ADP
cjfa-3240	511	21	characteristics	characteristic	NOUN
cjfa-3240	511	22	of	of	ADP
cjfa-3240	511	23	the	the	DET
cjfa-3240	511	24	board	board	NOUN
cjfa-3240	511	25	are	be	AUX
cjfa-3240	511	26	significant	significant	ADJ
cjfa-3240	511	27	to	to	PART
cjfa-3240	511	28	control	control	VERB
cjfa-3240	511	29	the	the	DET
cjfa-3240	511	30	variable	variable	ADJ
cjfa-3240	511	31	level	level	NOUN
cjfa-3240	511	32	of	of	ADP
cjfa-3240	511	33	compensation	compensation	NOUN
cjfa-3240	511	34	with	with	ADP
cjfa-3240	511	35	the	the	DET
cjfa-3240	511	36	exception	exception	NOUN
cjfa-3240	511	37	of	of	ADP
cjfa-3240	511	38	outside	outside	ADJ
cjfa-3240	511	39	elena	elena	NOUN
cjfa-3240	511	40	merino	merino	PROPN
cjfa-3240	511	41	,	,	PUNCT
cjfa-3240	511	42	montserrat	montserrat	PROPN
cjfa-3240	511	43	manzaneque	manzaneque	NOUN
cjfa-3240	511	44	,	,	PUNCT
cjfa-3240	511	45	alba	alba	PROPN
cjfa-3240	511	46	mª	mª	PROPN
cjfa-3240	511	47	priego146	priego146	PROPN
cjfa-3240	511	48	members	member	NOUN
cjfa-3240	511	49	whose	whose	DET
cjfa-3240	511	50	relation	relation	NOUN
cjfa-3240	511	51	is	be	AUX
cjfa-3240	511	52	just	just	ADV
cjfa-3240	511	53	the	the	DET
cjfa-3240	511	54	opposite	opposite	NOUN
cjfa-3240	511	55	to	to	ADP
cjfa-3240	511	56	the	the	DET
cjfa-3240	511	57	expected	expect	VERB
cjfa-3240	511	58	as	as	ADP
cjfa-3240	511	59	in	in	ADP
cjfa-3240	511	60	the	the	DET
cjfa-3240	511	61	general	general	ADJ
cjfa-3240	511	62	model	model	NOUN
cjfa-3240	511	63	(	(	PUNCT
cjfa-3240	511	64	coeff	coeff	PROPN
cjfa-3240	511	65	.	.	PUNCT
cjfa-3240	511	66	0.6325	0.6325	NUM
cjfa-3240	511	67	)	)	PUNCT
cjfa-3240	511	68	.	.	PUNCT
cjfa-3240	512	1	in	in	ADP
cjfa-3240	512	2	relation	relation	NOUN
cjfa-3240	512	3	to	to	ADP
cjfa-3240	512	4	the	the	DET
cjfa-3240	512	5	board	board	NOUN
cjfa-3240	512	6	size	size	NOUN
cjfa-3240	512	7	,	,	PUNCT
cjfa-3240	512	8	in	in	ADP
cjfa-3240	512	9	this	this	DET
cjfa-3240	512	10	case	case	NOUN
cjfa-3240	512	11	we	we	PRON
cjfa-3240	512	12	found	find	VERB
cjfa-3240	512	13	non	non	ADJ
cjfa-3240	512	14	linear	linear	PROPN
cjfa-3240	512	15	relationship	relationship	NOUN
cjfa-3240	512	16	between	between	ADP
cjfa-3240	512	17	board	board	NOUN
cjfa-3240	512	18	size	size	NOUN
cjfa-3240	512	19	and	and	CCONJ
cjfa-3240	512	20	variable	variable	ADJ
cjfa-3240	512	21	compensation	compensation	NOUN
cjfa-3240	512	22	.	.	PUNCT
cjfa-3240	513	1	so	so	ADV
cjfa-3240	513	2	,	,	PUNCT
cjfa-3240	513	3	the	the	DET
cjfa-3240	513	4	efficiency	efficiency	NOUN
cjfa-3240	513	5	of	of	ADP
cjfa-3240	513	6	the	the	DET
cjfa-3240	513	7	board	board	NOUN
cjfa-3240	513	8	is	be	AUX
cjfa-3240	513	9	limited	limit	VERB
cjfa-3240	513	10	by	by	ADP
cjfa-3240	513	11	an	an	DET
cjfa-3240	513	12	optimum	optimum	ADJ
cjfa-3240	513	13	size	size	NOUN
cjfa-3240	513	14	,	,	PUNCT
cjfa-3240	513	15	beyond	beyond	ADP
cjfa-3240	513	16	which	which	PRON
cjfa-3240	513	17	the	the	DET
cjfa-3240	513	18	addition	addition	NOUN
cjfa-3240	513	19	of	of	ADP
cjfa-3240	513	20	a	a	DET
cjfa-3240	513	21	member	member	NOUN
cjfa-3240	513	22	results	result	VERB
cjfa-3240	513	23	in	in	ADP
cjfa-3240	513	24	reduced	reduced	ADJ
cjfa-3240	513	25	capacity	capacity	NOUN
cjfa-3240	513	26	for	for	ADP
cjfa-3240	513	27	monitoring	monitoring	NOUN
cjfa-3240	513	28	and	and	CCONJ
cjfa-3240	513	29	thus	thus	ADV
cjfa-3240	513	30	to	to	ADP
cjfa-3240	513	31	higher	high	ADJ
cjfa-3240	513	32	compensation	compensation	NOUN
cjfa-3240	513	33	by	by	ADP
cjfa-3240	513	34	director	director	NOUN
cjfa-3240	513	35	.	.	PUNCT
cjfa-3240	514	1	this	this	PRON
cjfa-3240	514	2	is	be	AUX
cjfa-3240	514	3	consistent	consistent	ADJ
cjfa-3240	514	4	with	with	ADP
cjfa-3240	514	5	some	some	DET
cjfa-3240	514	6	previous	previous	ADJ
cjfa-3240	514	7	empirical	empirical	ADJ
cjfa-3240	514	8	evidence	evidence	NOUN
cjfa-3240	514	9	(	(	PUNCT
cjfa-3240	514	10	yermack	yermack	NOUN
cjfa-3240	514	11	,	,	PUNCT
cjfa-3240	514	12	1996	1996	NUM
cjfa-3240	514	13	;	;	PUNCT
cjfa-3240	514	14	fernández	fernández	PROPN
cjfa-3240	514	15	et	et	PROPN
cjfa-3240	514	16	al	al	PROPN
cjfa-3240	514	17	.	.	PROPN
cjfa-3240	514	18	,	,	PUNCT
cjfa-3240	514	19	1998	1998	NUM
cjfa-3240	514	20	;	;	PUNCT
cjfa-3240	514	21	adams	adams	PROPN
cjfa-3240	514	22	,	,	PUNCT
cjfa-3240	514	23	mehran	mehran	PROPN
cjfa-3240	514	24	2005	2005	NUM
cjfa-3240	514	25	;	;	PUNCT
cjfa-3240	514	26	andrés	andrés	PROPN
cjfa-3240	514	27	,	,	PUNCT
cjfa-3240	514	28	vallelado	vallelado	NOUN
cjfa-3240	514	29	2008	2008	NUM
cjfa-3240	514	30	)	)	PUNCT
cjfa-3240	514	31	.	.	PUNCT
cjfa-3240	515	1	regarding	regard	VERB
cjfa-3240	515	2	the	the	DET
cjfa-3240	515	3	performance	performance	NOUN
cjfa-3240	515	4	measures	measure	NOUN
cjfa-3240	515	5	,	,	PUNCT
cjfa-3240	515	6	only	only	ADV
cjfa-3240	515	7	stockret	stockret	PROPN
cjfa-3240	515	8	shows	show	VERB
cjfa-3240	515	9	a	a	DET
cjfa-3240	515	10	positive	positive	ADJ
cjfa-3240	515	11	and	and	CCONJ
cjfa-3240	515	12	significant	significant	ADJ
cjfa-3240	515	13	effect	effect	NOUN
cjfa-3240	515	14	on	on	ADP
cjfa-3240	515	15	the	the	DET
cjfa-3240	515	16	variable	variable	ADJ
cjfa-3240	515	17	compensation	compensation	NOUN
cjfa-3240	515	18	(	(	PUNCT
cjfa-3240	515	19	coeff	coeff	PROPN
cjfa-3240	515	20	.	.	PUNCT
cjfa-3240	516	1	0.2382	0.2382	NUM
cjfa-3240	516	2	)	)	PUNCT
cjfa-3240	516	3	,	,	PUNCT
cjfa-3240	516	4	this	this	PRON
cjfa-3240	516	5	could	could	AUX
cjfa-3240	516	6	be	be	AUX
cjfa-3240	516	7	due	due	ADJ
cjfa-3240	516	8	to	to	ADP
cjfa-3240	516	9	the	the	DET
cjfa-3240	516	10	variable	variable	ADJ
cjfa-3240	516	11	compensation	compensation	NOUN
cjfa-3240	516	12	that	that	PRON
cjfa-3240	516	13	is	be	AUX
cjfa-3240	516	14	linked	link	VERB
cjfa-3240	516	15	to	to	ADP
cjfa-3240	516	16	market	market	NOUN
cjfa-3240	516	17	measures	measure	NOUN
cjfa-3240	516	18	rather	rather	ADV
cjfa-3240	516	19	than	than	ADP
cjfa-3240	516	20	accounting	accounting	NOUN
cjfa-3240	516	21	measures	measure	NOUN
cjfa-3240	516	22	.	.	PUNCT
cjfa-3240	517	1	thirdly	thirdly	ADV
cjfa-3240	517	2	,	,	PUNCT
cjfa-3240	517	3	as	as	SCONJ
cjfa-3240	517	4	is	be	AUX
cjfa-3240	517	5	expected	expect	VERB
cjfa-3240	517	6	,	,	PUNCT
cjfa-3240	517	7	salary	salary	NOUN
cjfa-3240	517	8	fees	fee	NOUN
cjfa-3240	517	9	by	by	ADP
cjfa-3240	517	10	director	director	NOUN
cjfa-3240	517	11	(	(	PUNCT
cjfa-3240	517	12	salfee	salfee	PROPN
cjfa-3240	517	13	)	)	PUNCT
cjfa-3240	517	14	(	(	PUNCT
cjfa-3240	517	15	table	table	NOUN
cjfa-3240	517	16	5	5	NUM
cjfa-3240	517	17	,	,	PUNCT
cjfa-3240	517	18	model	model	NOUN
cjfa-3240	517	19	4	4	NUM
cjfa-3240	517	20	)	)	PUNCT
cjfa-3240	517	21	and	and	CCONJ
cjfa-3240	517	22	attendance	attendance	NOUN
cjfa-3240	517	23	fees	fee	NOUN
cjfa-3240	517	24	by	by	ADP
cjfa-3240	517	25	director	director	NOUN
cjfa-3240	517	26	(	(	PUNCT
cjfa-3240	517	27	attfee	attfee	NOUN
cjfa-3240	517	28	)	)	PUNCT
cjfa-3240	517	29	(	(	PUNCT
cjfa-3240	517	30	table	table	NOUN
cjfa-3240	517	31	5	5	NUM
cjfa-3240	517	32	,	,	PUNCT
cjfa-3240	517	33	model	model	NOUN
cjfa-3240	517	34	5	5	NUM
cjfa-3240	517	35	)	)	PUNCT
cjfa-3240	517	36	are	be	AUX
cjfa-3240	517	37	independent	independent	ADJ
cjfa-3240	517	38	of	of	ADP
cjfa-3240	517	39	board	board	NOUN
cjfa-3240	517	40	characteristics	characteristic	NOUN
cjfa-3240	517	41	.	.	PUNCT
cjfa-3240	518	1	finally	finally	ADV
cjfa-3240	518	2	,	,	PUNCT
cjfa-3240	518	3	other	other	ADJ
cjfa-3240	518	4	perquisites	perquisite	NOUN
cjfa-3240	518	5	(	(	PUNCT
cjfa-3240	518	6	table	table	NOUN
cjfa-3240	518	7	5	5	NUM
cjfa-3240	518	8	,	,	PUNCT
cjfa-3240	518	9	model	model	NOUN
cjfa-3240	518	10	6	6	NUM
cjfa-3240	518	11	)	)	PUNCT
cjfa-3240	518	12	are	be	AUX
cjfa-3240	518	13	negatively	negatively	ADV
cjfa-3240	518	14	related	relate	VERB
cjfa-3240	518	15	with	with	ADP
cjfa-3240	518	16	board	board	NOUN
cjfa-3240	518	17	size	size	NOUN
cjfa-3240	518	18	but	but	CCONJ
cjfa-3240	518	19	not	not	PART
cjfa-3240	518	20	with	with	ADP
cjfa-3240	518	21	other	other	ADJ
cjfa-3240	518	22	characteristics	characteristic	NOUN
cjfa-3240	518	23	of	of	ADP
cjfa-3240	518	24	the	the	DET
cjfa-3240	518	25	board	board	NOUN
cjfa-3240	518	26	.	.	PUNCT
cjfa-3240	519	1	these	these	DET
cjfa-3240	519	2	results	result	NOUN
cjfa-3240	519	3	could	could	AUX
cjfa-3240	519	4	be	be	AUX
cjfa-3240	519	5	explained	explain	VERB
cjfa-3240	519	6	by	by	ADP
cjfa-3240	519	7	the	the	DET
cjfa-3240	519	8	heterogeneity	heterogeneity	NOUN
cjfa-3240	519	9	of	of	ADP
cjfa-3240	519	10	remuneration	remuneration	NOUN
cjfa-3240	519	11	included	include	VERB
cjfa-3240	519	12	in	in	ADP
cjfa-3240	519	13	this	this	DET
cjfa-3240	519	14	category	category	NOUN
cjfa-3240	519	15	ranging	range	VERB
cjfa-3240	519	16	from	from	ADP
cjfa-3240	519	17	pension	pension	NOUN
cjfa-3240	519	18	plans	plan	NOUN
cjfa-3240	519	19	to	to	PART
cjfa-3240	519	20	guarantees	guarantee	NOUN
cjfa-3240	519	21	provided	provide	VERB
cjfa-3240	519	22	to	to	ADP
cjfa-3240	519	23	directors	director	NOUN
cjfa-3240	519	24	.	.	PUNCT
cjfa-3240	519	25	 	 	SPACE
cjfa-3240	520	1	conclusions	conclusion	NOUN
cjfa-3240	520	2	currently	currently	ADV
cjfa-3240	520	3	,	,	PUNCT
cjfa-3240	520	4	some	some	DET
cjfa-3240	520	5	corporate	corporate	ADJ
cjfa-3240	520	6	scandals	scandal	NOUN
cjfa-3240	520	7	have	have	AUX
cjfa-3240	520	8	put	put	VERB
cjfa-3240	520	9	to	to	PART
cjfa-3240	520	10	question	question	VERB
cjfa-3240	520	11	the	the	DET
cjfa-3240	520	12	level	level	NOUN
cjfa-3240	520	13	of	of	ADP
cjfa-3240	520	14	remuneration	remuneration	NOUN
cjfa-3240	520	15	received	receive	VERB
cjfa-3240	520	16	by	by	ADP
cjfa-3240	520	17	members	member	NOUN
cjfa-3240	520	18	of	of	ADP
cjfa-3240	520	19	the	the	DET
cjfa-3240	520	20	board	board	NOUN
cjfa-3240	520	21	of	of	ADP
cjfa-3240	520	22	directors	director	NOUN
cjfa-3240	520	23	,	,	PUNCT
cjfa-3240	520	24	accentuating	accentuate	VERB
cjfa-3240	520	25	the	the	DET
cjfa-3240	520	26	lack	lack	NOUN
cjfa-3240	520	27	of	of	ADP
cjfa-3240	520	28	investor	investor	NOUN
cjfa-3240	520	29	and	and	CCONJ
cjfa-3240	520	30	institutions	institution	NOUN
cjfa-3240	520	31	confidence	confidence	NOUN
cjfa-3240	520	32	on	on	ADP
cjfa-3240	520	33	them	they	PRON
cjfa-3240	520	34	,	,	PUNCT
cjfa-3240	520	35	as	as	SCONJ
cjfa-3240	520	36	control	control	NOUN
cjfa-3240	520	37	mechanisms	mechanism	NOUN
cjfa-3240	520	38	to	to	PART
cjfa-3240	520	39	protect	protect	VERB
cjfa-3240	520	40	the	the	DET
cjfa-3240	520	41	shareholders	shareholder	NOUN
cjfa-3240	520	42	interest	interest	NOUN
cjfa-3240	520	43	.	.	PUNCT
cjfa-3240	521	1	empirical	empirical	ADJ
cjfa-3240	521	2	evidence	evidence	NOUN
cjfa-3240	521	3	focuses	focus	VERB
cjfa-3240	521	4	on	on	ADP
cjfa-3240	521	5	analyzing	analyze	VERB
cjfa-3240	521	6	the	the	DET
cjfa-3240	521	7	relationship	relationship	NOUN
cjfa-3240	521	8	between	between	ADP
cjfa-3240	521	9	the	the	DET
cjfa-3240	521	10	characteristics	characteristic	NOUN
cjfa-3240	521	11	of	of	ADP
cjfa-3240	521	12	the	the	DET
cjfa-3240	521	13	board	board	NOUN
cjfa-3240	521	14	of	of	ADP
cjfa-3240	521	15	directors	director	NOUN
cjfa-3240	521	16	and	and	CCONJ
cjfa-3240	521	17	the	the	DET
cjfa-3240	521	18	remuneration	remuneration	NOUN
cjfa-3240	521	19	of	of	ADP
cjfa-3240	521	20	the	the	DET
cjfa-3240	521	21	ceo	ceo	NOUN
cjfa-3240	521	22	.	.	PUNCT
cjfa-3240	522	1	however	however	ADV
cjfa-3240	522	2	,	,	PUNCT
cjfa-3240	522	3	the	the	DET
cjfa-3240	522	4	compensation	compensation	NOUN
cjfa-3240	522	5	level	level	NOUN
cjfa-3240	522	6	of	of	ADP
cjfa-3240	522	7	directors	director	NOUN
cjfa-3240	522	8	as	as	ADP
cjfa-3240	522	9	resource	resource	NOUN
cjfa-3240	522	10	of	of	ADP
cjfa-3240	522	11	expropriation	expropriation	NOUN
cjfa-3240	522	12	of	of	ADP
cjfa-3240	522	13	wealth	wealth	NOUN
cjfa-3240	522	14	from	from	ADP
cjfa-3240	522	15	shareholders	shareholder	NOUN
cjfa-3240	522	16	,	,	PUNCT
cjfa-3240	522	17	and	and	CCONJ
cjfa-3240	522	18	their	their	PRON
cjfa-3240	522	19	interaction	interaction	NOUN
cjfa-3240	522	20	with	with	ADP
cjfa-3240	522	21	other	other	ADJ
cjfa-3240	522	22	corporate	corporate	ADJ
cjfa-3240	522	23	governance	governance	NOUN
cjfa-3240	522	24	mechanisms	mechanism	NOUN
cjfa-3240	522	25	has	have	AUX
cjfa-3240	522	26	been	be	AUX
cjfa-3240	522	27	less	less	ADV
cjfa-3240	522	28	studied	study	VERB
cjfa-3240	522	29	.	.	PUNCT
cjfa-3240	523	1	in	in	ADP
cjfa-3240	523	2	this	this	DET
cjfa-3240	523	3	sense	sense	NOUN
cjfa-3240	523	4	,	,	PUNCT
cjfa-3240	523	5	this	this	DET
cjfa-3240	523	6	study	study	NOUN
cjfa-3240	523	7	contributes	contribute	VERB
cjfa-3240	523	8	to	to	ADP
cjfa-3240	523	9	the	the	DET
cjfa-3240	523	10	growing	grow	VERB
cjfa-3240	523	11	literature	literature	NOUN
cjfa-3240	523	12	on	on	ADP
cjfa-3240	523	13	management	management	NOUN
cjfa-3240	523	14	compensation	compensation	NOUN
cjfa-3240	523	15	trough	trough	NOUN
cjfa-3240	523	16	the	the	DET
cjfa-3240	523	17	analysis	analysis	NOUN
cjfa-3240	523	18	of	of	ADP
cjfa-3240	523	19	a	a	DET
cjfa-3240	523	20	special	special	ADJ
cjfa-3240	523	21	context	context	NOUN
cjfa-3240	523	22	like	like	ADP
cjfa-3240	523	23	is	be	AUX
cjfa-3240	523	24	spain	spain	PROPN
cjfa-3240	523	25	,	,	PUNCT
cjfa-3240	523	26	example	example	NOUN
cjfa-3240	523	27	of	of	ADP
cjfa-3240	523	28	a	a	DET
cjfa-3240	523	29	unitary	unitary	ADJ
cjfa-3240	523	30	board	board	NOUN
cjfa-3240	523	31	system	system	NOUN
cjfa-3240	523	32	,	,	PUNCT
cjfa-3240	523	33	with	with	ADP
cjfa-3240	523	34	high	high	ADJ
cjfa-3240	523	35	compensation	compensation	NOUN
cjfa-3240	523	36	to	to	ADP
cjfa-3240	523	37	directors	director	NOUN
cjfa-3240	523	38	structured	structure	VERB
cjfa-3240	523	39	in	in	ADP
cjfa-3240	523	40	different	different	ADJ
cjfa-3240	523	41	types	type	NOUN
cjfa-3240	523	42	of	of	ADP
cjfa-3240	523	43	remuneration	remuneration	NOUN
cjfa-3240	523	44	concepts	concept	NOUN
cjfa-3240	523	45	.	.	PUNCT
cjfa-3240	524	1	for	for	ADP
cjfa-3240	524	2	these	these	DET
cjfa-3240	524	3	purposes	purpose	NOUN
cjfa-3240	524	4	we	we	PRON
cjfa-3240	524	5	have	have	AUX
cjfa-3240	524	6	worked	work	VERB
cjfa-3240	524	7	with	with	ADP
cjfa-3240	524	8	the	the	DET
cjfa-3240	524	9	board	board	NOUN
cjfa-3240	524	10	characteristics	characteristic	NOUN
cjfa-3240	524	11	and	and	CCONJ
cjfa-3240	524	12	remuneration	remuneration	NOUN
cjfa-3240	524	13	data	datum	NOUN
cjfa-3240	524	14	of	of	ADP
cjfa-3240	524	15	board	board	NOUN
cjfa-3240	524	16	of	of	ADP
cjfa-3240	524	17	directors	director	NOUN
cjfa-3240	524	18	of	of	ADP
cjfa-3240	524	19	a	a	DET
cjfa-3240	524	20	large	large	ADJ
cjfa-3240	524	21	and	and	CCONJ
cjfa-3240	524	22	representative	representative	ADJ
cjfa-3240	524	23	sample	sample	NOUN
cjfa-3240	524	24	of	of	ADP
cjfa-3240	524	25	spanish	spanish	ADJ
cjfa-3240	524	26	firms	firm	NOUN
cjfa-3240	524	27	during	during	ADP
cjfa-3240	524	28	the	the	DET
cjfa-3240	524	29	period	period	NOUN
cjfa-3240	524	30	“	"	PUNCT
cjfa-3240	524	31	board	board	NOUN
cjfa-3240	524	32	independence	independence	NOUN
cjfa-3240	524	33	”	"	PUNCT
cjfa-3240	524	34	and	and	CCONJ
cjfa-3240	524	35	compensation	compensation	NOUN
cjfa-3240	524	36	structure	structure	NOUN
cjfa-3240	524	37	of	of	ADP
cjfa-3240	524	38	directors	director	NOUN
cjfa-3240	524	39	147	147	NUM
cjfa-3240	524	40	2004	2004	NUM
cjfa-3240	524	41	-	-	SYM
cjfa-3240	524	42	2009	2009	NUM
cjfa-3240	524	43	.	.	PUNCT
cjfa-3240	525	1	using	use	VERB
cjfa-3240	525	2	panel	panel	NOUN
cjfa-3240	525	3	data	datum	NOUN
cjfa-3240	525	4	methods	method	NOUN
cjfa-3240	525	5	,	,	PUNCT
cjfa-3240	525	6	which	which	PRON
cjfa-3240	525	7	allow	allow	VERB
cjfa-3240	525	8	controlling	control	VERB
cjfa-3240	525	9	the	the	DET
cjfa-3240	525	10	unobserved	unobserved	ADJ
cjfa-3240	525	11	heterogeneity	heterogeneity	NOUN
cjfa-3240	525	12	,	,	PUNCT
cjfa-3240	525	13	different	different	ADJ
cjfa-3240	525	14	variants	variant	NOUN
cjfa-3240	525	15	of	of	ADP
cjfa-3240	525	16	the	the	DET
cjfa-3240	525	17	general	general	ADJ
cjfa-3240	525	18	model	model	NOUN
cjfa-3240	525	19	were	be	AUX
cjfa-3240	525	20	estimated	estimate	VERB
cjfa-3240	525	21	based	base	VERB
cjfa-3240	525	22	on	on	ADP
cjfa-3240	525	23	the	the	DET
cjfa-3240	525	24	type	type	NOUN
cjfa-3240	525	25	of	of	ADP
cjfa-3240	525	26	compensation	compensation	NOUN
cjfa-3240	525	27	and	and	CCONJ
cjfa-3240	525	28	director	director	NOUN
cjfa-3240	525	29	.	.	PUNCT
cjfa-3240	526	1	the	the	DET
cjfa-3240	526	2	results	result	NOUN
cjfa-3240	526	3	support	support	VERB
cjfa-3240	526	4	our	our	PRON
cjfa-3240	526	5	hypotheses	hypothesis	NOUN
cjfa-3240	526	6	related	relate	VERB
cjfa-3240	526	7	to	to	ADP
cjfa-3240	526	8	the	the	DET
cjfa-3240	526	9	relation	relation	NOUN
cjfa-3240	526	10	between	between	ADP
cjfa-3240	526	11	director	director	NOUN
cjfa-3240	526	12	compensation	compensation	NOUN
cjfa-3240	526	13	and	and	CCONJ
cjfa-3240	526	14	some	some	DET
cjfa-3240	526	15	board	board	NOUN
cjfa-3240	526	16	characteristics	characteristic	NOUN
cjfa-3240	526	17	.	.	PUNCT
cjfa-3240	527	1	so	so	ADV
cjfa-3240	527	2	,	,	PUNCT
cjfa-3240	527	3	ownership	ownership	NOUN
cjfa-3240	527	4	of	of	ADP
cjfa-3240	527	5	board	board	NOUN
cjfa-3240	527	6	’	'	PUNCT
cjfa-3240	527	7	members	member	NOUN
cjfa-3240	527	8	is	be	AUX
cjfa-3240	527	9	negatively	negatively	ADV
cjfa-3240	527	10	related	relate	VERB
cjfa-3240	527	11	to	to	ADP
cjfa-3240	527	12	board	board	NOUN
cjfa-3240	527	13	’s	’s	PART
cjfa-3240	527	14	remuneration	remuneration	NOUN
cjfa-3240	527	15	and	and	CCONJ
cjfa-3240	527	16	concentration	concentration	NOUN
cjfa-3240	527	17	of	of	ADP
cjfa-3240	527	18	power	power	NOUN
cjfa-3240	527	19	of	of	ADP
cjfa-3240	527	20	chairman	chairman	NOUN
cjfa-3240	527	21	and	and	CCONJ
cjfa-3240	527	22	ceo	ceo	NOUN
cjfa-3240	527	23	is	be	AUX
cjfa-3240	527	24	positively	positively	ADV
cjfa-3240	527	25	related	relate	VERB
cjfa-3240	527	26	to	to	ADP
cjfa-3240	527	27	it	it	PRON
cjfa-3240	527	28	.	.	PUNCT
cjfa-3240	528	1	this	this	PRON
cjfa-3240	528	2	shows	show	VERB
cjfa-3240	528	3	the	the	DET
cjfa-3240	528	4	importance	importance	NOUN
cjfa-3240	528	5	of	of	ADP
cjfa-3240	528	6	these	these	DET
cjfa-3240	528	7	measures	measure	NOUN
cjfa-3240	528	8	to	to	PART
cjfa-3240	528	9	align	align	VERB
cjfa-3240	528	10	the	the	DET
cjfa-3240	528	11	interest	interest	NOUN
cjfa-3240	528	12	between	between	ADP
cjfa-3240	528	13	directors	director	NOUN
cjfa-3240	528	14	and	and	CCONJ
cjfa-3240	528	15	shareholders	shareholder	NOUN
cjfa-3240	528	16	and	and	CCONJ
cjfa-3240	528	17	to	to	PART
cjfa-3240	528	18	increase	increase	VERB
cjfa-3240	528	19	the	the	DET
cjfa-3240	528	20	level	level	NOUN
cjfa-3240	528	21	of	of	ADP
cjfa-3240	528	22	confidence	confidence	NOUN
cjfa-3240	528	23	in	in	ADP
cjfa-3240	528	24	control	control	NOUN
cjfa-3240	528	25	function	function	NOUN
cjfa-3240	528	26	of	of	ADP
cjfa-3240	528	27	members	member	NOUN
cjfa-3240	528	28	of	of	ADP
cjfa-3240	528	29	board	board	NOUN
cjfa-3240	528	30	of	of	ADP
cjfa-3240	528	31	directors	director	NOUN
cjfa-3240	528	32	.	.	PUNCT
cjfa-3240	529	1	however	however	ADV
cjfa-3240	529	2	,	,	PUNCT
cjfa-3240	529	3	and	and	CCONJ
cjfa-3240	529	4	contrarily	contrarily	ADV
cjfa-3240	529	5	to	to	ADP
cjfa-3240	529	6	the	the	DET
cjfa-3240	529	7	expected	expect	VERB
cjfa-3240	529	8	,	,	PUNCT
cjfa-3240	529	9	the	the	DET
cjfa-3240	529	10	number	number	NOUN
cjfa-3240	529	11	of	of	ADP
cjfa-3240	529	12	outsiders	outsider	NOUN
cjfa-3240	529	13	and	and	CCONJ
cjfa-3240	529	14	the	the	DET
cjfa-3240	529	15	board	board	NOUN
cjfa-3240	529	16	size	size	NOUN
cjfa-3240	529	17	increase	increase	VERB
cjfa-3240	529	18	the	the	DET
cjfa-3240	529	19	level	level	NOUN
cjfa-3240	529	20	of	of	ADP
cjfa-3240	529	21	board	board	NOUN
cjfa-3240	529	22	’s	’s	PART
cjfa-3240	529	23	remuneration	remuneration	NOUN
cjfa-3240	529	24	.	.	PUNCT
cjfa-3240	530	1	in	in	ADP
cjfa-3240	530	2	short	short	ADJ
cjfa-3240	530	3	,	,	PUNCT
cjfa-3240	530	4	these	these	DET
cjfa-3240	530	5	results	result	NOUN
cjfa-3240	530	6	show	show	VERB
cjfa-3240	530	7	that	that	SCONJ
cjfa-3240	530	8	the	the	DET
cjfa-3240	530	9	outsiders	outsider	NOUN
cjfa-3240	530	10	and	and	CCONJ
cjfa-3240	530	11	the	the	DET
cjfa-3240	530	12	size	size	NOUN
cjfa-3240	530	13	of	of	ADP
cjfa-3240	530	14	the	the	DET
cjfa-3240	530	15	board	board	NOUN
cjfa-3240	530	16	are	be	AUX
cjfa-3240	530	17	not	not	PART
cjfa-3240	530	18	effective	effective	ADJ
cjfa-3240	530	19	as	as	ADP
cjfa-3240	530	20	control	control	NOUN
cjfa-3240	530	21	mechanisms	mechanism	NOUN
cjfa-3240	530	22	in	in	ADP
cjfa-3240	530	23	the	the	DET
cjfa-3240	530	24	study	study	NOUN
cjfa-3240	530	25	context	context	NOUN
cjfa-3240	530	26	.	.	PUNCT
cjfa-3240	531	1	a	a	DET
cjfa-3240	531	2	deeper	deep	ADJ
cjfa-3240	531	3	analysis	analysis	NOUN
cjfa-3240	531	4	about	about	ADP
cjfa-3240	531	5	the	the	DET
cjfa-3240	531	6	type	type	NOUN
cjfa-3240	531	7	of	of	ADP
cjfa-3240	531	8	remuneration	remuneration	NOUN
cjfa-3240	531	9	reveals	reveal	VERB
cjfa-3240	531	10	that	that	SCONJ
cjfa-3240	531	11	,	,	PUNCT
cjfa-3240	531	12	the	the	DET
cjfa-3240	531	13	concentration	concentration	NOUN
cjfa-3240	531	14	of	of	ADP
cjfa-3240	531	15	power	power	NOUN
cjfa-3240	531	16	in	in	ADP
cjfa-3240	531	17	the	the	DET
cjfa-3240	531	18	chairman	chairman	NOUN
cjfa-3240	531	19	and	and	CCONJ
cjfa-3240	531	20	ceo	ceo	NOUN
cjfa-3240	531	21	is	be	AUX
cjfa-3240	531	22	significant	significant	ADJ
cjfa-3240	531	23	and	and	CCONJ
cjfa-3240	531	24	positively	positively	ADV
cjfa-3240	531	25	related	relate	VERB
cjfa-3240	531	26	to	to	ADP
cjfa-3240	531	27	fixed	fix	VERB
cjfa-3240	531	28	board	board	NOUN
cjfa-3240	531	29	’s	’s	PART
cjfa-3240	531	30	remuneration	remuneration	NOUN
cjfa-3240	531	31	while	while	SCONJ
cjfa-3240	531	32	the	the	DET
cjfa-3240	531	33	outsider	outsider	NOUN
cjfa-3240	531	34	directors	director	NOUN
cjfa-3240	531	35	are	be	AUX
cjfa-3240	531	36	not	not	PART
cjfa-3240	531	37	exercising	exercise	VERB
cjfa-3240	531	38	the	the	DET
cjfa-3240	531	39	desirable	desirable	ADJ
cjfa-3240	531	40	moderate	moderate	ADJ
cjfa-3240	531	41	effect	effect	NOUN
cjfa-3240	531	42	.	.	PUNCT
cjfa-3240	532	1	in	in	ADP
cjfa-3240	532	2	relation	relation	NOUN
cjfa-3240	532	3	to	to	ADP
cjfa-3240	532	4	variable	variable	ADJ
cjfa-3240	532	5	remuneration	remuneration	NOUN
cjfa-3240	532	6	,	,	PUNCT
cjfa-3240	532	7	the	the	DET
cjfa-3240	532	8	level	level	NOUN
cjfa-3240	532	9	of	of	ADP
cjfa-3240	532	10	ownership	ownership	NOUN
cjfa-3240	532	11	of	of	ADP
cjfa-3240	532	12	boards	board	NOUN
cjfa-3240	532	13	´	´	PART
cjfa-3240	532	14	members	member	NOUN
cjfa-3240	532	15	and	and	CCONJ
cjfa-3240	532	16	the	the	DET
cjfa-3240	532	17	separation	separation	NOUN
cjfa-3240	532	18	of	of	ADP
cjfa-3240	532	19	power	power	NOUN
cjfa-3240	532	20	of	of	ADP
cjfa-3240	532	21	chairman	chairman	NOUN
cjfa-3240	532	22	and	and	CCONJ
cjfa-3240	532	23	ceo	ceo	NOUN
cjfa-3240	532	24	have	have	VERB
cjfa-3240	532	25	a	a	DET
cjfa-3240	532	26	moderate	moderate	ADJ
cjfa-3240	532	27	effect	effect	NOUN
cjfa-3240	532	28	on	on	ADP
cjfa-3240	532	29	this	this	DET
cjfa-3240	532	30	type	type	NOUN
cjfa-3240	532	31	of	of	ADP
cjfa-3240	532	32	remuneration	remuneration	NOUN
cjfa-3240	532	33	.	.	PUNCT
cjfa-3240	533	1	also	also	ADV
cjfa-3240	533	2	,	,	PUNCT
cjfa-3240	533	3	the	the	DET
cjfa-3240	533	4	board	board	NOUN
cjfa-3240	533	5	size	size	NOUN
cjfa-3240	533	6	has	have	VERB
cjfa-3240	533	7	the	the	DET
cjfa-3240	533	8	expected	expect	VERB
cjfa-3240	533	9	effect	effect	NOUN
cjfa-3240	533	10	on	on	ADP
cjfa-3240	533	11	the	the	DET
cjfa-3240	533	12	remuneration	remuneration	NOUN
cjfa-3240	533	13	level	level	NOUN
cjfa-3240	533	14	,	,	PUNCT
cjfa-3240	533	15	showing	show	VERB
cjfa-3240	533	16	that	that	SCONJ
cjfa-3240	533	17	the	the	DET
cjfa-3240	533	18	efficiency	efficiency	NOUN
cjfa-3240	533	19	of	of	ADP
cjfa-3240	533	20	the	the	DET
cjfa-3240	533	21	board	board	NOUN
cjfa-3240	533	22	and	and	CCONJ
cjfa-3240	533	23	its	its	PRON
cjfa-3240	533	24	size	size	NOUN
cjfa-3240	533	25	do	do	AUX
cjfa-3240	533	26	not	not	PART
cjfa-3240	533	27	have	have	VERB
cjfa-3240	533	28	a	a	DET
cjfa-3240	533	29	linear	linear	ADJ
cjfa-3240	533	30	relationship	relationship	NOUN
cjfa-3240	533	31	,	,	PUNCT
cjfa-3240	533	32	so	so	SCONJ
cjfa-3240	533	33	the	the	DET
cjfa-3240	533	34	relationship	relationship	NOUN
cjfa-3240	533	35	is	be	AUX
cjfa-3240	533	36	negative	negative	ADJ
cjfa-3240	533	37	up	up	ADP
cjfa-3240	533	38	to	to	ADP
cjfa-3240	533	39	an	an	DET
cjfa-3240	533	40	optimum	optimum	ADJ
cjfa-3240	533	41	size	size	NOUN
cjfa-3240	533	42	,	,	PUNCT
cjfa-3240	533	43	beyond	beyond	ADP
cjfa-3240	533	44	which	which	PRON
cjfa-3240	533	45	the	the	DET
cjfa-3240	533	46	addition	addition	NOUN
cjfa-3240	533	47	of	of	ADP
cjfa-3240	533	48	a	a	DET
cjfa-3240	533	49	member	member	NOUN
cjfa-3240	533	50	not	not	PART
cjfa-3240	533	51	provide	provide	VERB
cjfa-3240	533	52	greater	great	ADJ
cjfa-3240	533	53	monitoring	monitoring	NOUN
cjfa-3240	533	54	capacity	capacity	NOUN
cjfa-3240	533	55	,	,	PUNCT
cjfa-3240	533	56	it	it	PRON
cjfa-3240	533	57	will	will	AUX
cjfa-3240	533	58	lead	lead	VERB
cjfa-3240	533	59	to	to	ADP
cjfa-3240	533	60	problems	problem	NOUN
cjfa-3240	533	61	of	of	ADP
cjfa-3240	533	62	coordination	coordination	NOUN
cjfa-3240	533	63	,	,	PUNCT
cjfa-3240	533	64	control	control	NOUN
cjfa-3240	533	65	and	and	CCONJ
cjfa-3240	533	66	decision	decision	NOUN
cjfa-3240	533	67	making	making	NOUN
cjfa-3240	533	68	,	,	PUNCT
cjfa-3240	533	69	which	which	PRON
cjfa-3240	533	70	will	will	AUX
cjfa-3240	533	71	result	result	VERB
cjfa-3240	533	72	in	in	ADP
cjfa-3240	533	73	this	this	DET
cjfa-3240	533	74	case	case	NOUN
cjfa-3240	533	75	,	,	PUNCT
cjfa-3240	533	76	in	in	ADP
cjfa-3240	533	77	a	a	DET
cjfa-3240	533	78	greater	great	ADJ
cjfa-3240	533	79	compensation	compensation	NOUN
cjfa-3240	533	80	granted	grant	VERB
cjfa-3240	533	81	to	to	ADP
cjfa-3240	533	82	directors	director	NOUN
cjfa-3240	533	83	.	.	PUNCT
cjfa-3240	534	1	however	however	ADV
cjfa-3240	534	2	,	,	PUNCT
cjfa-3240	534	3	as	as	ADP
cjfa-3240	534	4	in	in	ADP
cjfa-3240	534	5	the	the	DET
cjfa-3240	534	6	case	case	NOUN
cjfa-3240	534	7	of	of	ADP
cjfa-3240	534	8	fixed	fix	VERB
cjfa-3240	534	9	remuneration	remuneration	NOUN
cjfa-3240	534	10	,	,	PUNCT
cjfa-3240	534	11	the	the	DET
cjfa-3240	534	12	number	number	NOUN
cjfa-3240	534	13	of	of	ADP
cjfa-3240	534	14	outsiders	outsider	NOUN
cjfa-3240	534	15	in	in	ADP
cjfa-3240	534	16	the	the	DET
cjfa-3240	534	17	board	board	NOUN
cjfa-3240	534	18	of	of	ADP
cjfa-3240	534	19	directors	director	NOUN
cjfa-3240	534	20	exerts	exert	VERB
cjfa-3240	534	21	a	a	DET
cjfa-3240	534	22	positive	positive	ADJ
cjfa-3240	534	23	effect	effect	NOUN
cjfa-3240	534	24	on	on	ADP
cjfa-3240	534	25	the	the	DET
cjfa-3240	534	26	variable	variable	ADJ
cjfa-3240	534	27	remuneration	remuneration	NOUN
cjfa-3240	534	28	level	level	NOUN
cjfa-3240	534	29	.	.	PUNCT
cjfa-3240	535	1	finally	finally	ADV
cjfa-3240	535	2	,	,	PUNCT
cjfa-3240	535	3	the	the	DET
cjfa-3240	535	4	salary	salary	NOUN
cjfa-3240	535	5	fees	fee	NOUN
cjfa-3240	535	6	and	and	CCONJ
cjfa-3240	535	7	attendance	attendance	NOUN
cjfa-3240	535	8	fees	fee	NOUN
cjfa-3240	535	9	are	be	AUX
cjfa-3240	535	10	not	not	PART
cjfa-3240	535	11	are	be	AUX
cjfa-3240	535	12	not	not	PART
cjfa-3240	535	13	influenced	influence	VERB
cjfa-3240	535	14	by	by	ADP
cjfa-3240	535	15	any	any	DET
cjfa-3240	535	16	characteristics	characteristic	NOUN
cjfa-3240	535	17	of	of	ADP
cjfa-3240	535	18	the	the	DET
cjfa-3240	535	19	board	board	NOUN
cjfa-3240	535	20	while	while	SCONJ
cjfa-3240	535	21	the	the	DET
cjfa-3240	535	22	category	category	NOUN
cjfa-3240	535	23	that	that	PRON
cjfa-3240	535	24	we	we	PRON
cjfa-3240	535	25	call	call	VERB
cjfa-3240	535	26	"	"	PUNCT
cjfa-3240	535	27	other	other	ADJ
cjfa-3240	535	28	perquisites	perquisite	NOUN
cjfa-3240	535	29	"	"	PUNCT
cjfa-3240	535	30	presents	present	VERB
cjfa-3240	535	31	the	the	DET
cjfa-3240	535	32	expected	expected	ADJ
cjfa-3240	535	33	non	non	ADJ
cjfa-3240	535	34	-	-	ADJ
cjfa-3240	535	35	linear	linear	ADJ
cjfa-3240	535	36	relationship	relationship	NOUN
cjfa-3240	535	37	with	with	ADP
cjfa-3240	535	38	the	the	DET
cjfa-3240	535	39	size	size	NOUN
cjfa-3240	535	40	of	of	ADP
cjfa-3240	535	41	the	the	DET
cjfa-3240	535	42	board	board	NOUN
cjfa-3240	535	43	.	.	PUNCT
cjfa-3240	536	1	given	give	VERB
cjfa-3240	536	2	the	the	DET
cjfa-3240	536	3	existing	exist	VERB
cjfa-3240	536	4	opacity	opacity	NOUN
cjfa-3240	536	5	in	in	ADP
cjfa-3240	536	6	this	this	DET
cjfa-3240	536	7	last	last	ADJ
cjfa-3240	536	8	type	type	NOUN
cjfa-3240	536	9	of	of	ADP
cjfa-3240	536	10	compensation	compensation	NOUN
cjfa-3240	536	11	,	,	PUNCT
cjfa-3240	536	12	we	we	PRON
cjfa-3240	536	13	think	think	VERB
cjfa-3240	536	14	that	that	SCONJ
cjfa-3240	536	15	there	there	PRON
cjfa-3240	536	16	is	be	VERB
cjfa-3240	536	17	great	great	ADJ
cjfa-3240	536	18	discretion	discretion	NOUN
cjfa-3240	536	19	in	in	ADP
cjfa-3240	536	20	this	this	DET
cjfa-3240	536	21	category	category	NOUN
cjfa-3240	536	22	is	be	AUX
cjfa-3240	536	23	not	not	PART
cjfa-3240	536	24	being	be	AUX
cjfa-3240	536	25	controlled	control	VERB
cjfa-3240	536	26	by	by	ADP
cjfa-3240	536	27	the	the	DET
cjfa-3240	536	28	board	board	NOUN
cjfa-3240	536	29	of	of	ADP
cjfa-3240	536	30	directors	director	NOUN
cjfa-3240	536	31	.	.	PUNCT
cjfa-3240	537	1	so	so	ADV
cjfa-3240	537	2	,	,	PUNCT
cjfa-3240	537	3	the	the	DET
cjfa-3240	537	4	influence	influence	NOUN
cjfa-3240	537	5	of	of	ADP
cjfa-3240	537	6	board	board	NOUN
cjfa-3240	537	7	’	'	PUNCT
cjfa-3240	537	8	characteristics	characteristic	NOUN
cjfa-3240	537	9	on	on	ADP
cjfa-3240	537	10	the	the	DET
cjfa-3240	537	11	level	level	NOUN
cjfa-3240	537	12	of	of	ADP
cjfa-3240	537	13	remuneration	remuneration	NOUN
cjfa-3240	537	14	depend	depend	VERB
cjfa-3240	537	15	on	on	ADP
cjfa-3240	537	16	the	the	DET
cjfa-3240	537	17	type	type	NOUN
cjfa-3240	537	18	of	of	ADP
cjfa-3240	537	19	remuneration	remuneration	NOUN
cjfa-3240	537	20	,	,	PUNCT
cjfa-3240	537	21	being	be	AUX
cjfa-3240	537	22	especially	especially	ADV
cjfa-3240	537	23	significant	significant	ADJ
cjfa-3240	537	24	in	in	ADP
cjfa-3240	537	25	the	the	DET
cjfa-3240	537	26	case	case	NOUN
cjfa-3240	537	27	of	of	ADP
cjfa-3240	537	28	variable	variable	ADJ
cjfa-3240	537	29	remuneration	remuneration	NOUN
cjfa-3240	537	30	but	but	CCONJ
cjfa-3240	537	31	not	not	PART
cjfa-3240	537	32	for	for	ADP
cjfa-3240	537	33	fixed	fix	VERB
cjfa-3240	537	34	remuneration	remuneration	NOUN
cjfa-3240	537	35	.	.	PUNCT
cjfa-3240	538	1	this	this	PRON
cjfa-3240	538	2	is	be	AUX
cjfa-3240	538	3	significant	significant	ADJ
cjfa-3240	538	4	for	for	ADP
cjfa-3240	538	5	the	the	DET
cjfa-3240	538	6	study	study	NOUN
cjfa-3240	538	7	context	context	NOUN
cjfa-3240	538	8	because	because	SCONJ
cjfa-3240	538	9	,	,	PUNCT
cjfa-3240	538	10	as	as	SCONJ
cjfa-3240	538	11	we	we	PRON
cjfa-3240	538	12	show	show	VERB
cjfa-3240	538	13	previously	previously	ADV
cjfa-3240	538	14	,	,	PUNCT
cjfa-3240	538	15	it	it	PRON
cjfa-3240	538	16	is	be	AUX
cjfa-3240	538	17	the	the	DET
cjfa-3240	538	18	most	most	ADV
cjfa-3240	538	19	important	important	ADJ
cjfa-3240	538	20	retelena	retelena	NOUN
cjfa-3240	538	21	merino	merino	NOUN
cjfa-3240	538	22	,	,	PUNCT
cjfa-3240	538	23	montserrat	montserrat	PROPN
cjfa-3240	538	24	manzaneque	manzaneque	NOUN
cjfa-3240	538	25	,	,	PUNCT
cjfa-3240	538	26	alba	alba	NOUN
cjfa-3240	538	27	mª	mª	PROPN
cjfa-3240	538	28	priego148	priego148	PROPN
cjfa-3240	538	29	ribution	ribution	NOUN
cjfa-3240	538	30	concept	concept	NOUN
cjfa-3240	538	31	.	.	PUNCT
cjfa-3240	539	1	therefore	therefore	ADV
cjfa-3240	539	2	,	,	PUNCT
cjfa-3240	539	3	to	to	PART
cjfa-3240	539	4	control	control	VERB
cjfa-3240	539	5	the	the	DET
cjfa-3240	539	6	levels	level	NOUN
cjfa-3240	539	7	of	of	ADP
cjfa-3240	539	8	remuneration	remuneration	NOUN
cjfa-3240	539	9	of	of	ADP
cjfa-3240	539	10	the	the	DET
cjfa-3240	539	11	board	board	NOUN
cjfa-3240	539	12	,	,	PUNCT
cjfa-3240	539	13	stronger	strong	ADJ
cjfa-3240	539	14	corporate	corporate	ADJ
cjfa-3240	539	15	governance	governance	NOUN
cjfa-3240	539	16	mechanisms	mechanism	NOUN
cjfa-3240	539	17	would	would	AUX
cjfa-3240	539	18	be	be	AUX
cjfa-3240	539	19	required	require	VERB
cjfa-3240	539	20	.	.	PUNCT
cjfa-3240	540	1	in	in	ADP
cjfa-3240	540	2	summary	summary	NOUN
cjfa-3240	540	3	,	,	PUNCT
cjfa-3240	540	4	in	in	ADP
cjfa-3240	540	5	the	the	DET
cjfa-3240	540	6	study	study	NOUN
cjfa-3240	540	7	context	context	NOUN
cjfa-3240	540	8	,	,	PUNCT
cjfa-3240	540	9	two	two	NUM
cjfa-3240	540	10	factors	factor	NOUN
cjfa-3240	540	11	contribute	contribute	VERB
cjfa-3240	540	12	to	to	ADP
cjfa-3240	540	13	the	the	DET
cjfa-3240	540	14	extraction	extraction	NOUN
cjfa-3240	540	15	of	of	ADP
cjfa-3240	540	16	wealth	wealth	NOUN
cjfa-3240	540	17	from	from	ADP
cjfa-3240	540	18	shareholders	shareholder	NOUN
cjfa-3240	540	19	through	through	ADP
cjfa-3240	540	20	the	the	DET
cjfa-3240	540	21	remuneration	remuneration	NOUN
cjfa-3240	540	22	granted	grant	VERB
cjfa-3240	540	23	to	to	ADP
cjfa-3240	540	24	directors	director	NOUN
cjfa-3240	540	25	:	:	PUNCT
cjfa-3240	540	26	(	(	PUNCT
cjfa-3240	540	27	1	1	X
cjfa-3240	540	28	)	)	PUNCT
cjfa-3240	540	29	remuneration	remuneration	NOUN
cjfa-3240	540	30	structure	structure	NOUN
cjfa-3240	540	31	mainly	mainly	ADV
cjfa-3240	540	32	based	base	VERB
cjfa-3240	540	33	on	on	ADP
cjfa-3240	540	34	fixed	fix	VERB
cjfa-3240	540	35	component	component	NOUN
cjfa-3240	540	36	;	;	PUNCT
cjfa-3240	540	37	and	and	CCONJ
cjfa-3240	540	38	(	(	PUNCT
cjfa-3240	540	39	2	2	X
cjfa-3240	540	40	)	)	PUNCT
cjfa-3240	540	41	mechanisms	mechanism	NOUN
cjfa-3240	540	42	of	of	ADP
cjfa-3240	540	43	corporate	corporate	ADJ
cjfa-3240	540	44	governance	governance	NOUN
cjfa-3240	540	45	control	control	NOUN
cjfa-3240	540	46	are	be	AUX
cjfa-3240	540	47	not	not	PART
cjfa-3240	540	48	efficient	efficient	ADJ
cjfa-3240	540	49	to	to	PART
cjfa-3240	540	50	moderate	moderate	VERB
cjfa-3240	540	51	the	the	DET
cjfa-3240	540	52	directors	director	NOUN
cjfa-3240	540	53	’	’	PART
cjfa-3240	540	54	remuneration	remuneration	NOUN
cjfa-3240	540	55	,	,	PUNCT
cjfa-3240	540	56	except	except	SCONJ
cjfa-3240	540	57	directors	director	NOUN
cjfa-3240	540	58	’	’	PART
cjfa-3240	540	59	ownership	ownership	NOUN
cjfa-3240	540	60	and	and	CCONJ
cjfa-3240	540	61	separation	separation	NOUN
cjfa-3240	540	62	of	of	ADP
cjfa-3240	540	63	chairman	chairman	NOUN
cjfa-3240	540	64	and	and	CCONJ
cjfa-3240	540	65	ceo	ceo	NOUN
cjfa-3240	540	66	roles	role	NOUN
cjfa-3240	540	67	.	.	PUNCT
cjfa-3240	541	1	under	under	ADP
cjfa-3240	541	2	these	these	DET
cjfa-3240	541	3	circumstances	circumstance	NOUN
cjfa-3240	541	4	,	,	PUNCT
cjfa-3240	541	5	the	the	DET
cjfa-3240	541	6	excessive	excessive	ADJ
cjfa-3240	541	7	directors	director	NOUN
cjfa-3240	541	8	'	'	PART
cjfa-3240	541	9	remuneration	remuneration	NOUN
cjfa-3240	541	10	negatively	negatively	ADV
cjfa-3240	541	11	affects	affect	VERB
cjfa-3240	541	12	the	the	DET
cjfa-3240	541	13	profit	profit	NOUN
cjfa-3240	541	14	of	of	ADP
cjfa-3240	541	15	the	the	DET
cjfa-3240	541	16	company	company	NOUN
cjfa-3240	541	17	and	and	CCONJ
cjfa-3240	541	18	its	its	PRON
cjfa-3240	541	19	ability	ability	NOUN
cjfa-3240	541	20	to	to	PART
cjfa-3240	541	21	meet	meet	VERB
cjfa-3240	541	22	the	the	DET
cjfa-3240	541	23	shareholders	shareholder	NOUN
cjfa-3240	541	24	´	´	NOUN
cjfa-3240	541	25	dividends	dividend	NOUN
cjfa-3240	541	26	and	and	CCONJ
cjfa-3240	541	27	to	to	PART
cjfa-3240	541	28	retain	retain	VERB
cjfa-3240	541	29	the	the	DET
cjfa-3240	541	30	necessary	necessary	ADJ
cjfa-3240	541	31	earnings	earning	NOUN
cjfa-3240	541	32	to	to	PART
cjfa-3240	541	33	fund	fund	VERB
cjfa-3240	541	34	the	the	DET
cjfa-3240	541	35	maintenance	maintenance	NOUN
cjfa-3240	541	36	and	and	CCONJ
cjfa-3240	541	37	growth	growth	NOUN
cjfa-3240	541	38	of	of	ADP
cjfa-3240	541	39	the	the	DET
cjfa-3240	541	40	company	company	NOUN
cjfa-3240	541	41	(	(	PUNCT
cjfa-3240	541	42	avoiding	avoid	VERB
cjfa-3240	541	43	the	the	DET
cjfa-3240	541	44	use	use	NOUN
cjfa-3240	541	45	of	of	ADP
cjfa-3240	541	46	external	external	ADJ
cjfa-3240	541	47	sources	source	NOUN
cjfa-3240	541	48	of	of	ADP
cjfa-3240	541	49	funding	funding	NOUN
cjfa-3240	541	50	)	)	PUNCT
cjfa-3240	541	51	.	.	PUNCT
cjfa-3240	542	1	these	these	DET
cjfa-3240	542	2	results	result	NOUN
cjfa-3240	542	3	give	give	VERB
cjfa-3240	542	4	reason	reason	NOUN
cjfa-3240	542	5	to	to	ADP
cjfa-3240	542	6	regulators	regulator	NOUN
cjfa-3240	542	7	and	and	CCONJ
cjfa-3240	542	8	investors	investor	NOUN
cjfa-3240	542	9	to	to	PART
cjfa-3240	542	10	be	be	AUX
cjfa-3240	542	11	aware	aware	ADJ
cjfa-3240	542	12	of	of	ADP
cjfa-3240	542	13	the	the	DET
cjfa-3240	542	14	importance	importance	NOUN
cjfa-3240	542	15	of	of	ADP
cjfa-3240	542	16	creating	create	VERB
cjfa-3240	542	17	mechanisms	mechanism	NOUN
cjfa-3240	542	18	to	to	PART
cjfa-3240	542	19	control	control	VERB
cjfa-3240	542	20	the	the	DET
cjfa-3240	542	21	different	different	ADJ
cjfa-3240	542	22	types	type	NOUN
cjfa-3240	542	23	of	of	ADP
cjfa-3240	542	24	remuneration	remuneration	NOUN
cjfa-3240	542	25	,	,	PUNCT
cjfa-3240	542	26	especially	especially	ADV
cjfa-3240	542	27	fixed	fix	VERB
cjfa-3240	542	28	concepts	concept	NOUN
cjfa-3240	542	29	of	of	ADP
cjfa-3240	542	30	remuneration	remuneration	NOUN
cjfa-3240	542	31	and	and	CCONJ
cjfa-3240	542	32	other	other	ADJ
cjfa-3240	542	33	perquisites	perquisite	NOUN
cjfa-3240	542	34	,	,	PUNCT
cjfa-3240	542	35	because	because	SCONJ
cjfa-3240	542	36	of	of	ADP
cjfa-3240	542	37	the	the	DET
cjfa-3240	542	38	failure	failure	NOUN
cjfa-3240	542	39	of	of	ADP
cjfa-3240	542	40	the	the	DET
cjfa-3240	542	41	current	current	ADJ
cjfa-3240	542	42	corporate	corporate	ADJ
cjfa-3240	542	43	governance	governance	NOUN
cjfa-3240	542	44	control	control	NOUN
cjfa-3240	542	45	standards	standard	NOUN
cjfa-3240	542	46	.	.	PUNCT
cjfa-3240	542	47	 	 	SPACE
cjfa-3240	543	1	references	reference	NOUN
cjfa-3240	543	2	adams	adams	PROPN
cjfa-3240	543	3	r.	r.	PROPN
cjfa-3240	543	4	b.	b.	PROPN
cjfa-3240	543	5	&	&	CCONJ
cjfa-3240	543	6	mehran	mehran	PROPN
cjfa-3240	543	7	h.	h.	PROPN
cjfa-3240	543	8	(	(	PUNCT
cjfa-3240	543	9	2005	2005	NUM
cjfa-3240	543	10	)	)	PUNCT
cjfa-3240	543	11	,	,	PUNCT
cjfa-3240	543	12	corporate	corporate	ADJ
cjfa-3240	543	13	performance	performance	NOUN
cjfa-3240	543	14	,	,	PUNCT
cjfa-3240	543	15	board	board	NOUN
cjfa-3240	543	16	structure	structure	NOUN
cjfa-3240	543	17	and	and	CCONJ
cjfa-3240	543	18	its	its	PRON
cjfa-3240	543	19	determinants	determinant	NOUN
cjfa-3240	543	20	in	in	ADP
cjfa-3240	543	21	the	the	DET
cjfa-3240	543	22	banking	banking	NOUN
cjfa-3240	543	23	industry	industry	NOUN
cjfa-3240	543	24	,	,	PUNCT
cjfa-3240	543	25	available	available	ADJ
cjfa-3240	543	26	at	at	ADP
cjfa-3240	543	27	:	:	PUNCT
cjfa-3240	543	28	http://ssrn.com/abstract=302593	http://ssrn.com/abstract=302593	PROPN
cjfa-3240	543	29	(	(	PUNCT
cjfa-3240	543	30	access	access	NOUN
cjfa-3240	543	31	:	:	PUNCT
cjfa-3240	543	32	14.11.2011	14.11.2011	NUM
cjfa-3240	543	33	)	)	PUNCT
cjfa-3240	543	34	.	.	PUNCT
cjfa-3240	544	1	alzaga	alzaga	PROPN
cjfa-3240	544	2	i.	i.	PROPN
cjfa-3240	544	3	(	(	PUNCT
cjfa-3240	544	4	2012	2012	NUM
cjfa-3240	544	5	)	)	PUNCT
cjfa-3240	544	6	,	,	PUNCT
cjfa-3240	544	7	retribución	retribución	VERB
cjfa-3240	544	8	de	de	PROPN
cjfa-3240	544	9	directivos	directivos	PROPN
cjfa-3240	544	10	y	y	PROPN
cjfa-3240	544	11	crisis	crisis	PROPN
cjfa-3240	544	12	económica	económica	PROPN
cjfa-3240	544	13	,	,	PUNCT
cjfa-3240	544	14	editorial	editorial	NOUN
cjfa-3240	544	15	aranzadi	aranzadi	NOUN
cjfa-3240	544	16	,	,	PUNCT
cjfa-3240	544	17	navarra	navarra	PROPN
cjfa-3240	544	18	.	.	PUNCT
cjfa-3240	545	1	andreas	andreas	PROPN
cjfa-3240	545	2	j.	j.	PROPN
cjfa-3240	545	3	m.	m.	PROPN
cjfa-3240	545	4	,	,	PUNCT
cjfa-3240	545	5	rapp	rapp	PROPN
cjfa-3240	545	6	m.	m.	PROPN
cjfa-3240	545	7	s.	s.	PROPN
cjfa-3240	545	8	&	&	CCONJ
cjfa-3240	545	9	wolff	wolff	PROPN
cjfa-3240	545	10	m.	m.	NOUN
cjfa-3240	545	11	(	(	PUNCT
cjfa-3240	545	12	2009	2009	NUM
cjfa-3240	545	13	)	)	PUNCT
cjfa-3240	545	14	,	,	PUNCT
cjfa-3240	545	15	determinants	determinant	NOUN
cjfa-3240	545	16	of	of	ADP
cjfa-3240	545	17	director	director	NOUN
cjfa-3240	545	18	compensation	compensation	NOUN
cjfa-3240	545	19	in	in	ADP
cjfa-3240	545	20	two	two	NUM
cjfa-3240	545	21	-	-	PUNCT
cjfa-3240	545	22	tier	tier	NOUN
cjfa-3240	545	23	systems	system	NOUN
cjfa-3240	545	24	:	:	PUNCT
cjfa-3240	545	25	evidence	evidence	NOUN
cjfa-3240	545	26	from	from	ADP
cjfa-3240	545	27	german	german	ADJ
cjfa-3240	545	28	panel	panel	NOUN
cjfa-3240	545	29	data	datum	NOUN
cjfa-3240	545	30	,	,	PUNCT
cjfa-3240	545	31	available	available	ADJ
cjfa-3240	545	32	at	at	ADP
cjfa-3240	545	33	:	:	PUNCT
cjfa-3240	545	34	http://ssrn.com/	http://ssrn.com/	PROPN
cjfa-3240	545	35	abstract=1486325	abstract=1486325	PROPN
cjfa-3240	545	36	(	(	PUNCT
cjfa-3240	545	37	access	access	NOUN
cjfa-3240	545	38	:	:	PUNCT
cjfa-3240	545	39	20.12.2012	20.12.2012	NUM
cjfa-3240	545	40	)	)	PUNCT
cjfa-3240	545	41	.	.	PUNCT
cjfa-3240	546	1	andrés	andrés	PROPN
cjfa-3240	546	2	p.	p.	PROPN
cjfa-3240	546	3	,	,	PUNCT
cjfa-3240	546	4	azofra	azofra	PROPN
cjfa-3240	546	5	v.	v.	PROPN
cjfa-3240	546	6	&	&	CCONJ
cjfa-3240	546	7	lópez	lópez	PROPN
cjfa-3240	546	8	f.	f.	PROPN
cjfa-3240	546	9	(	(	PUNCT
cjfa-3240	546	10	2005	2005	NUM
cjfa-3240	546	11	)	)	PUNCT
cjfa-3240	546	12	,	,	PUNCT
cjfa-3240	546	13	corporate	corporate	ADJ
cjfa-3240	546	14	boards	board	NOUN
cjfa-3240	546	15	in	in	ADP
cjfa-3240	546	16	oecd	oecd	PROPN
cjfa-3240	546	17	countries	country	NOUN
cjfa-3240	546	18	:	:	PUNCT
cjfa-3240	546	19	size	size	NOUN
cjfa-3240	546	20	,	,	PUNCT
cjfa-3240	546	21	composition	composition	NOUN
cjfa-3240	546	22	,	,	PUNCT
cjfa-3240	546	23	functioning	functioning	NOUN
cjfa-3240	546	24	and	and	CCONJ
cjfa-3240	546	25	effectiveness	effectiveness	NOUN
cjfa-3240	546	26	.	.	PUNCT
cjfa-3240	547	1	“	"	PUNCT
cjfa-3240	547	2	corporate	corporate	ADJ
cjfa-3240	547	3	governance	governance	NOUN
cjfa-3240	547	4	:	:	PUNCT
cjfa-3240	547	5	an	an	DET
cjfa-3240	547	6	international	international	ADJ
cjfa-3240	547	7	review	review	NOUN
cjfa-3240	547	8	”	"	PUNCT
cjfa-3240	547	9	,	,	PUNCT
cjfa-3240	547	10	13	13	NUM
cjfa-3240	547	11	(	(	PUNCT
cjfa-3240	547	12	2	2	NUM
cjfa-3240	547	13	)	)	PUNCT
cjfa-3240	547	14	,	,	PUNCT
cjfa-3240	547	15	197–210	197–210	NUM
cjfa-3240	547	16	.	.	PUNCT
cjfa-3240	548	1	andrés	andrés	PROPN
cjfa-3240	548	2	p.	p.	PROPN
cjfa-3240	548	3	&	&	CCONJ
cjfa-3240	548	4	vallelado	vallelado	PROPN
cjfa-3240	548	5	e.	e.	PROPN
cjfa-3240	548	6	(	(	PUNCT
cjfa-3240	548	7	2008	2008	NUM
cjfa-3240	548	8	)	)	PUNCT
cjfa-3240	548	9	,	,	PUNCT
cjfa-3240	548	10	corporate	corporate	ADJ
cjfa-3240	548	11	governance	governance	NOUN
cjfa-3240	548	12	in	in	ADP
cjfa-3240	548	13	banking	banking	NOUN
cjfa-3240	548	14	:	:	PUNCT
cjfa-3240	548	15	the	the	DET
cjfa-3240	548	16	role	role	NOUN
cjfa-3240	548	17	of	of	ADP
cjfa-3240	548	18	board	board	NOUN
cjfa-3240	548	19	of	of	ADP
cjfa-3240	548	20	directors	director	NOUN
cjfa-3240	548	21	,	,	PUNCT
cjfa-3240	548	22	“	"	PUNCT
cjfa-3240	548	23	journal	journal	NOUN
cjfa-3240	548	24	of	of	ADP
cjfa-3240	548	25	banking	banking	NOUN
cjfa-3240	548	26	and	and	CCONJ
cjfa-3240	548	27	finance	finance	NOUN
cjfa-3240	548	28	”	"	PUNCT
cjfa-3240	548	29	,	,	PUNCT
cjfa-3240	548	30	32	32	NUM
cjfa-3240	548	31	(	(	PUNCT
cjfa-3240	548	32	12	12	NUM
cjfa-3240	548	33	)	)	PUNCT
cjfa-3240	548	34	,	,	PUNCT
cjfa-3240	548	35	2570–2580	2570–2580	NUM
cjfa-3240	548	36	.	.	PUNCT
cjfa-3240	549	1	http://dx.doi.org/10.1016/j.jbankfin.2008.05.008	http://dx.doi.org/10.1016/j.jbankfin.2008.05.008	NOUN
cjfa-3240	549	2	.	.	PUNCT
cjfa-3240	549	3	angbazo	angbazo	PROPN
cjfa-3240	549	4	l.	l.	PROPN
cjfa-3240	549	5	&	&	CCONJ
cjfa-3240	549	6	narayanan	narayanan	PROPN
cjfa-3240	549	7	r.	r.	PROPN
cjfa-3240	549	8	(	(	PUNCT
cjfa-3240	549	9	1997	1997	NUM
cjfa-3240	549	10	)	)	PUNCT
cjfa-3240	549	11	,	,	PUNCT
cjfa-3240	549	12	top	top	ADJ
cjfa-3240	549	13	management	management	NOUN
cjfa-3240	549	14	compensation	compensation	NOUN
cjfa-3240	549	15	and	and	CCONJ
cjfa-3240	549	16	the	the	DET
cjfa-3240	549	17	structure	structure	NOUN
cjfa-3240	549	18	of	of	ADP
cjfa-3240	549	19	the	the	DET
cjfa-3240	549	20	board	board	NOUN
cjfa-3240	549	21	of	of	ADP
cjfa-3240	549	22	directors	director	NOUN
cjfa-3240	549	23	in	in	ADP
cjfa-3240	549	24	commercial	commercial	ADJ
cjfa-3240	549	25	banks	bank	NOUN
cjfa-3240	549	26	.	.	PUNCT
cjfa-3240	550	1	“	"	PUNCT
cjfa-3240	550	2	european	european	ADJ
cjfa-3240	550	3	finance	finance	PROPN
cjfa-3240	550	4	review	review	PROPN
cjfa-3240	550	5	”	"	PUNCT
cjfa-3240	550	6	,	,	PUNCT
cjfa-3240	550	7	1	1	NUM
cjfa-3240	550	8	,	,	PUNCT
cjfa-3240	550	9	239–259	239–259	NUM
cjfa-3240	550	10	.	.	PUNCT
cjfa-3240	551	1	http://dx.doi.org/10.1023/a:1009760306445	http://dx.doi.org/10.1023/a:1009760306445	NOUN
cjfa-3240	551	2	.	.	PUNCT
cjfa-3240	552	1	arellano	arellano	PROPN
cjfa-3240	552	2	m.	m.	PROPN
cjfa-3240	552	3	&	&	CCONJ
cjfa-3240	552	4	bond	bond	PROPN
cjfa-3240	552	5	s.	s.	PROPN
cjfa-3240	552	6	(	(	PUNCT
cjfa-3240	552	7	1991	1991	NUM
cjfa-3240	552	8	)	)	PUNCT
cjfa-3240	552	9	,	,	PUNCT
cjfa-3240	552	10	some	some	DET
cjfa-3240	552	11	tests	test	NOUN
cjfa-3240	552	12	of	of	ADP
cjfa-3240	552	13	specification	specification	NOUN
cjfa-3240	552	14	for	for	ADP
cjfa-3240	552	15	panel	panel	NOUN
cjfa-3240	552	16	data	datum	NOUN
cjfa-3240	552	17	:	:	PUNCT
cjfa-3240	552	18	monte	monte	PROPN
cjfa-3240	552	19	carlo	carlo	PROPN
cjfa-3240	552	20	evidence	evidence	NOUN
cjfa-3240	552	21	and	and	CCONJ
cjfa-3240	552	22	an	an	DET
cjfa-3240	552	23	application	application	NOUN
cjfa-3240	552	24	to	to	ADP
cjfa-3240	552	25	employment	employment	NOUN
cjfa-3240	552	26	equations	equation	NOUN
cjfa-3240	552	27	.	.	PUNCT
cjfa-3240	553	1	“	"	PUNCT
cjfa-3240	553	2	review	review	NOUN
cjfa-3240	553	3	of	of	ADP
cjfa-3240	553	4	economic	economic	ADJ
cjfa-3240	553	5	studies	study	NOUN
cjfa-3240	553	6	”	"	PUNCT
cjfa-3240	553	7	,	,	PUNCT
cjfa-3240	553	8	58	58	NUM
cjfa-3240	553	9	(	(	PUNCT
cjfa-3240	553	10	2	2	NUM
cjfa-3240	553	11	)	)	PUNCT
cjfa-3240	553	12	,	,	PUNCT
cjfa-3240	553	13	277–297	277–297	NUM
cjfa-3240	553	14	.	.	PUNCT
cjfa-3240	554	1	http://dx.doi.org/10.2307/2297968	http://dx.doi.org/10.2307/2297968	PROPN
cjfa-3240	554	2	.	.	PUNCT
cjfa-3240	555	1	arrondo	arrondo	PROPN
cjfa-3240	555	2	r.	r.	PROPN
cjfa-3240	555	3	,	,	PUNCT
cjfa-3240	555	4	fernández	fernández	PROPN
cjfa-3240	555	5	c.	c.	PROPN
cjfa-3240	555	6	&	&	CCONJ
cjfa-3240	555	7	fernández	fernández	PROPN
cjfa-3240	555	8	e.	e.	PROPN
cjfa-3240	555	9	(	(	PUNCT
cjfa-3240	555	10	2008	2008	NUM
cjfa-3240	555	11	)	)	PUNCT
cjfa-3240	555	12	,	,	PUNCT
cjfa-3240	555	13	influencia	influencia	PROPN
cjfa-3240	555	14	de	de	X
cjfa-3240	555	15	la	la	X
cjfa-3240	555	16	estructura	estructura	X
cjfa-3240	555	17	de	de	X
cjfa-3240	555	18	gobierno	gobierno	PROPN
cjfa-3240	555	19	corporativo	corporativo	PROPN
cjfa-3240	555	20	sobre	sobre	PROPN
cjfa-3240	555	21	la	la	PROPN
cjfa-3240	555	22	remuneraciónn	remuneraciónn	PROPN
cjfa-3240	555	23	de	de	PROPN
cjfa-3240	555	24	los	los	PROPN
cjfa-3240	555	25	consejeros	consejeros	PROPN
cjfa-3240	555	26	en	en	PROPN
cjfa-3240	555	27	el	el	PROPN
cjfa-3240	555	28	mercado	mercado	PROPN
cjfa-3240	555	29	español	español	PROPN
cjfa-3240	555	30	.	.	PUNCT
cjfa-3240	556	1	“	"	PUNCT
cjfa-3240	556	2	información	información	PROPN
cjfa-3240	556	3	comercial	comercial	PROPN
cjfa-3240	556	4	española	española	PROPN
cjfa-3240	556	5	(	(	PUNCT
cjfa-3240	556	6	ice	ice	NOUN
cjfa-3240	556	7	):	):	PUNCT
cjfa-3240	556	8	revista	revista	PROPN
cjfa-3240	556	9	de	de	X
cjfa-3240	556	10	economía	economía	PROPN
cjfa-3240	556	11	”	"	PUNCT
cjfa-3240	556	12	,	,	PUNCT
cjfa-3240	556	13	844	844	NUM
cjfa-3240	556	14	,	,	PUNCT
cjfa-3240	556	15	187–203	187–203	NUM
cjfa-3240	556	16	.	.	PUNCT
cjfa-3240	557	1	“	"	PUNCT
cjfa-3240	557	2	board	board	NOUN
cjfa-3240	557	3	independence	independence	NOUN
cjfa-3240	557	4	”	"	PUNCT
cjfa-3240	557	5	and	and	CCONJ
cjfa-3240	557	6	compensation	compensation	NOUN
cjfa-3240	557	7	structure	structure	NOUN
cjfa-3240	557	8	of	of	ADP
cjfa-3240	557	9	directors	director	NOUN
cjfa-3240	557	10	149	149	NUM
cjfa-3240	557	11	bebchuk	bebchuk	PROPN
cjfa-3240	557	12	l.	l.	PROPN
cjfa-3240	557	13	a.	a.	PROPN
cjfa-3240	557	14	&	&	CCONJ
cjfa-3240	557	15	fried	fried	PROPN
cjfa-3240	557	16	j.	j.	PROPN
cjfa-3240	557	17	(	(	PUNCT
cjfa-3240	557	18	2004	2004	NUM
cjfa-3240	557	19	)	)	PUNCT
cjfa-3240	557	20	,	,	PUNCT
cjfa-3240	557	21	pay	pay	VERB
cjfa-3240	557	22	without	without	ADP
cjfa-3240	557	23	performance	performance	NOUN
cjfa-3240	557	24	,	,	PUNCT
cjfa-3240	557	25	harvard	harvard	PROPN
cjfa-3240	557	26	university	university	PROPN
cjfa-3240	557	27	press	press	PROPN
cjfa-3240	557	28	,	,	PUNCT
cjfa-3240	557	29	cambridge	cambridge	PROPN
cjfa-3240	557	30	.	.	PUNCT
cjfa-3240	558	1	blundell	blundell	PROPN
cjfa-3240	558	2	r.	r.	PROPN
cjfa-3240	558	3	&	&	CCONJ
cjfa-3240	558	4	bond	bond	PROPN
cjfa-3240	558	5	,	,	PUNCT
cjfa-3240	558	6	s.	s.	PROPN
cjfa-3240	558	7	(	(	PUNCT
cjfa-3240	558	8	1998	1998	NUM
cjfa-3240	558	9	)	)	PUNCT
cjfa-3240	558	10	,	,	PUNCT
cjfa-3240	558	11	initial	initial	ADJ
cjfa-3240	558	12	conditions	condition	NOUN
cjfa-3240	558	13	and	and	CCONJ
cjfa-3240	558	14	moment	moment	VERB
cjfa-3240	558	15	restrictions	restriction	NOUN
cjfa-3240	558	16	in	in	ADP
cjfa-3240	558	17	dynamic	dynamic	ADJ
cjfa-3240	558	18	panel	panel	NOUN
cjfa-3240	558	19	data	datum	NOUN
cjfa-3240	558	20	models	model	NOUN
cjfa-3240	558	21	.	.	PUNCT
cjfa-3240	559	1	“	"	PUNCT
cjfa-3240	559	2	journal	journal	NOUN
cjfa-3240	559	3	of	of	ADP
cjfa-3240	559	4	econometrics	econometric	NOUN
cjfa-3240	559	5	”	"	PUNCT
cjfa-3240	559	6	,	,	PUNCT
cjfa-3240	559	7	87	87	NUM
cjfa-3240	559	8	(	(	PUNCT
cjfa-3240	559	9	1	1	NUM
cjfa-3240	559	10	)	)	PUNCT
cjfa-3240	559	11	,	,	PUNCT
cjfa-3240	559	12	115–143	115–143	NUM
cjfa-3240	559	13	.	.	PUNCT
cjfa-3240	560	1	http://dx.doi.org/10.1016/	http://dx.doi.org/10.1016/	NOUN
cjfa-3240	560	2	s0304	s0304	ADJ
cjfa-3240	560	3	-	-	PUNCT
cjfa-3240	560	4	4076(98)00009	4076(98)00009	NUM
cjfa-3240	560	5	-	-	PUNCT
cjfa-3240	560	6	8	8	NUM
cjfa-3240	560	7	.	.	PUNCT
cjfa-3240	560	8	boyd	boyd	PROPN
cjfa-3240	560	9	b.	b.	PROPN
cjfa-3240	560	10	k.	k.	PROPN
cjfa-3240	560	11	(	(	PUNCT
cjfa-3240	560	12	1994	1994	NUM
cjfa-3240	560	13	)	)	PUNCT
cjfa-3240	560	14	,	,	PUNCT
cjfa-3240	560	15	board	board	NOUN
cjfa-3240	560	16	control	control	NOUN
cjfa-3240	560	17	and	and	CCONJ
cjfa-3240	560	18	ceo	ceo	NOUN
cjfa-3240	560	19	compensation	compensation	NOUN
cjfa-3240	560	20	.	.	PUNCT
cjfa-3240	561	1	“	"	PUNCT
cjfa-3240	561	2	strategic	strategic	ADJ
cjfa-3240	561	3	management	management	NOUN
cjfa-3240	561	4	journal	journal	NOUN
cjfa-3240	561	5	”	"	PUNCT
cjfa-3240	561	6	,	,	PUNCT
cjfa-3240	561	7	15	15	NUM
cjfa-3240	561	8	(	(	PUNCT
cjfa-3240	561	9	5	5	NUM
cjfa-3240	561	10	)	)	PUNCT
cjfa-3240	561	11	,	,	PUNCT
cjfa-3240	561	12	335–344	335–344	NUM
cjfa-3240	561	13	.	.	PUNCT
cjfa-3240	562	1	http://dx.doi.org/10.1002/smj.4250150502	http://dx.doi.org/10.1002/smj.4250150502	PROPN
cjfa-3240	562	2	.	.	PUNCT
cjfa-3240	563	1	boyd	boyd	PROPN
cjfa-3240	563	2	b.	b.	PROPN
cjfa-3240	563	3	k.	k.	PROPN
cjfa-3240	563	4	(	(	PUNCT
cjfa-3240	563	5	1996	1996	NUM
cjfa-3240	563	6	)	)	PUNCT
cjfa-3240	563	7	,	,	PUNCT
cjfa-3240	563	8	determinants	determinant	NOUN
cjfa-3240	563	9	of	of	ADP
cjfa-3240	563	10	us	we	PRON
cjfa-3240	563	11	outside	outside	ADP
cjfa-3240	563	12	director	director	NOUN
cjfa-3240	563	13	compensation	compensation	NOUN
cjfa-3240	563	14	.	.	PUNCT
cjfa-3240	564	1	“	"	PUNCT
cjfa-3240	564	2	corporate	corporate	ADJ
cjfa-3240	564	3	governance	governance	NOUN
cjfa-3240	564	4	:	:	PUNCT
cjfa-3240	564	5	an	an	DET
cjfa-3240	564	6	international	international	ADJ
cjfa-3240	564	7	review	review	NOUN
cjfa-3240	564	8	”	"	PUNCT
cjfa-3240	564	9	,	,	PUNCT
cjfa-3240	564	10	4	4	NUM
cjfa-3240	564	11	(	(	PUNCT
cjfa-3240	564	12	4	4	NUM
cjfa-3240	564	13	)	)	PUNCT
cjfa-3240	564	14	,	,	PUNCT
cjfa-3240	564	15	202–211	202–211	NUM
cjfa-3240	564	16	.	.	PUNCT
cjfa-3240	565	1	http://dx.doi.org/10.1111/j.1467-8683.1996.tb00149.x	http://dx.doi.org/10.1111/j.1467-8683.1996.tb00149.x	PROPN
cjfa-3240	565	2	.	.	PUNCT
cjfa-3240	566	1	brick	brick	NOUN
cjfa-3240	566	2	i.	i.	PROPN
cjfa-3240	566	3	e.	e.	PROPN
cjfa-3240	566	4	,	,	PUNCT
cjfa-3240	566	5	palmon	palmon	PROPN
cjfa-3240	566	6	o.	o.	PROPN
cjfa-3240	566	7	&	&	CCONJ
cjfa-3240	566	8	wald	wald	PROPN
cjfa-3240	566	9	j.	j.	PROPN
cjfa-3240	566	10	k.	k.	PROPN
cjfa-3240	566	11	(	(	PUNCT
cjfa-3240	566	12	2006	2006	NUM
cjfa-3240	566	13	)	)	PUNCT
cjfa-3240	566	14	,	,	PUNCT
cjfa-3240	566	15	ceo	ceo	NOUN
cjfa-3240	566	16	compensation	compensation	NOUN
cjfa-3240	566	17	,	,	PUNCT
cjfa-3240	566	18	director	director	NOUN
cjfa-3240	566	19	compensation	compensation	NOUN
cjfa-3240	566	20	and	and	CCONJ
cjfa-3240	566	21	firm	firm	ADJ
cjfa-3240	566	22	performance	performance	NOUN
cjfa-3240	566	23	:	:	PUNCT
cjfa-3240	566	24	evidence	evidence	NOUN
cjfa-3240	566	25	of	of	ADP
cjfa-3240	566	26	cronyism	cronyism	NOUN
cjfa-3240	566	27	?	?	PUNCT
cjfa-3240	566	28	.	.	PUNCT
cjfa-3240	567	1	“	"	PUNCT
cjfa-3240	567	2	journal	journal	NOUN
cjfa-3240	567	3	of	of	ADP
cjfa-3240	567	4	corporate	corporate	ADJ
cjfa-3240	567	5	finance	finance	NOUN
cjfa-3240	567	6	”	"	PUNCT
cjfa-3240	567	7	,	,	PUNCT
cjfa-3240	567	8	12	12	NUM
cjfa-3240	567	9	(	(	PUNCT
cjfa-3240	567	10	3	3	NUM
cjfa-3240	567	11	)	)	PUNCT
cjfa-3240	567	12	,	,	PUNCT
cjfa-3240	567	13	403–423	403–423	NUM
cjfa-3240	567	14	.	.	PUNCT
cjfa-3240	568	1	http://dx.doi.org/10.1016/j.jcorpfin.2005.08.005	http://dx.doi.org/10.1016/j.jcorpfin.2005.08.005	PROPN
cjfa-3240	568	2	.	.	PUNCT
cjfa-3240	569	1	bryan	bryan	PROPN
cjfa-3240	569	2	s.	s.	PROPN
cjfa-3240	569	3	,	,	PUNCT
cjfa-3240	569	4	hwang	hwang	PROPN
cjfa-3240	569	5	l.	l.	PROPN
cjfa-3240	569	6	s	s	PROPN
cjfa-3240	569	7	,	,	PUNCT
cjfa-3240	569	8	klein	klein	PROPN
cjfa-3240	569	9	a.	a.	PROPN
cjfa-3240	569	10	&	&	CCONJ
cjfa-3240	569	11	lilien	lilien	PROPN
cjfa-3240	569	12	s.	s.	PROPN
cjfa-3240	569	13	(	(	PUNCT
cjfa-3240	569	14	2000	2000	NUM
cjfa-3240	569	15	)	)	PUNCT
cjfa-3240	569	16	,	,	PUNCT
cjfa-3240	569	17	compensation	compensation	NOUN
cjfa-3240	569	18	of	of	ADP
cjfa-3240	569	19	outside	outside	ADJ
cjfa-3240	569	20	directors	director	NOUN
cjfa-3240	569	21	:	:	PUNCT
cjfa-3240	569	22	an	an	DET
cjfa-3240	569	23	empirical	empirical	ADJ
cjfa-3240	569	24	analysis	analysis	NOUN
cjfa-3240	569	25	of	of	ADP
cjfa-3240	569	26	economic	economic	ADJ
cjfa-3240	569	27	determinants	determinant	NOUN
cjfa-3240	569	28	,	,	PUNCT
cjfa-3240	569	29	available	available	ADJ
cjfa-3240	569	30	at	at	ADP
cjfa-3240	569	31	:	:	PUNCT
cjfa-3240	569	32	http://ssrn.com/abstract=244540	http://ssrn.com/abstract=244540	PROPN
cjfa-3240	569	33	(	(	PUNCT
cjfa-3240	569	34	retrieved	retrieve	VERB
cjfa-3240	569	35	5.06.2012	5.06.2012	NUM
cjfa-3240	569	36	)	)	PUNCT
cjfa-3240	569	37	.	.	PUNCT
cjfa-3240	570	1	canarella	canarella	PROPN
cjfa-3240	570	2	g.	g.	PROPN
cjfa-3240	570	3	&	&	CCONJ
cjfa-3240	570	4	nouray	nouray	PROPN
cjfa-3240	570	5	m.	m.	PROPN
cjfa-3240	570	6	m.	m.	PROPN
cjfa-3240	570	7	(	(	PUNCT
cjfa-3240	570	8	2008	2008	NUM
cjfa-3240	570	9	)	)	PUNCT
cjfa-3240	570	10	,	,	PUNCT
cjfa-3240	570	11	executive	executive	NOUN
cjfa-3240	570	12	compensation	compensation	NOUN
cjfa-3240	570	13	and	and	CCONJ
cjfa-3240	570	14	firm	firm	ADJ
cjfa-3240	570	15	performance	performance	NOUN
cjfa-3240	570	16	:	:	PUNCT
cjfa-3240	570	17	adjustment	adjustment	NOUN
cjfa-3240	570	18	dynamics	dynamic	NOUN
cjfa-3240	570	19	,	,	PUNCT
cjfa-3240	570	20	non	non	ADJ
cjfa-3240	570	21	-	-	ADJ
cjfa-3240	570	22	linearity	linearity	ADJ
cjfa-3240	570	23	and	and	CCONJ
cjfa-3240	570	24	asymmetry	asymmetry	NOUN
cjfa-3240	570	25	.	.	PUNCT
cjfa-3240	571	1	“	"	PUNCT
cjfa-3240	571	2	managerial	managerial	ADJ
cjfa-3240	571	3	and	and	CCONJ
cjfa-3240	571	4	decision	decision	NOUN
cjfa-3240	571	5	economics	economic	NOUN
cjfa-3240	571	6	”	"	PUNCT
cjfa-3240	571	7	,	,	PUNCT
cjfa-3240	571	8	29	29	NUM
cjfa-3240	571	9	(	(	PUNCT
cjfa-3240	571	10	4	4	NUM
cjfa-3240	571	11	)	)	PUNCT
cjfa-3240	571	12	,	,	PUNCT
cjfa-3240	571	13	293–315	293–315	NUM
cjfa-3240	571	14	.	.	PUNCT
cjfa-3240	572	1	http://dx.doi.org/10.1002/mde.1368	http://dx.doi.org/10.1002/mde.1368	PROPN
cjfa-3240	572	2	.	.	PROPN
cjfa-3240	573	1	cheng	cheng	PROPN
cjfa-3240	573	2	s.	s.	PROPN
cjfa-3240	573	3	&	&	CCONJ
cjfa-3240	573	4	firth	firth	PROPN
cjfa-3240	573	5	m.	m.	PROPN
cjfa-3240	573	6	(	(	PUNCT
cjfa-3240	573	7	2005	2005	NUM
cjfa-3240	573	8	)	)	PUNCT
cjfa-3240	573	9	,	,	PUNCT
cjfa-3240	573	10	ownership	ownership	NOUN
cjfa-3240	573	11	,	,	PUNCT
cjfa-3240	573	12	corporate	corporate	ADJ
cjfa-3240	573	13	governance	governance	NOUN
cjfa-3240	573	14	and	and	CCONJ
cjfa-3240	573	15	top	top	ADJ
cjfa-3240	573	16	management	management	NOUN
cjfa-3240	573	17	pay	pay	NOUN
cjfa-3240	573	18	in	in	ADP
cjfa-3240	573	19	hong	hong	PROPN
cjfa-3240	573	20	kong	kong	PROPN
cjfa-3240	573	21	.	.	PUNCT
cjfa-3240	574	1	“	"	PUNCT
cjfa-3240	574	2	corporate	corporate	ADJ
cjfa-3240	574	3	governance	governance	NOUN
cjfa-3240	574	4	:	:	PUNCT
cjfa-3240	574	5	an	an	DET
cjfa-3240	574	6	international	international	ADJ
cjfa-3240	574	7	review	review	NOUN
cjfa-3240	574	8	”	"	PUNCT
cjfa-3240	574	9	,	,	PUNCT
cjfa-3240	574	10	13	13	NUM
cjfa-3240	574	11	(	(	PUNCT
cjfa-3240	574	12	2	2	NUM
cjfa-3240	574	13	)	)	PUNCT
cjfa-3240	574	14	,	,	PUNCT
cjfa-3240	574	15	291–302	291–302	NUM
cjfa-3240	574	16	.	.	PUNCT
cjfa-3240	575	1	http://dx.doi.org/10.1111/j.1467-8683.2005.00423.x	http://dx.doi.org/10.1111/j.1467-8683.2005.00423.x	PROPN
cjfa-3240	575	2	.	.	PROPN
cjfa-3240	576	1	cnmv	cnmv	PROPN
cjfa-3240	576	2	(	(	PUNCT
cjfa-3240	576	3	spanish	spanish	ADJ
cjfa-3240	576	4	securities	security	NOUN
cjfa-3240	576	5	markets	markets	PROPN
cjfa-3240	576	6	commission	commission	PROPN
cjfa-3240	576	7	)	)	PUNCT
cjfa-3240	576	8	(	(	PUNCT
cjfa-3240	576	9	2006	2006	NUM
cjfa-3240	576	10	)	)	PUNCT
cjfa-3240	576	11	,	,	PUNCT
cjfa-3240	576	12	unified	unify	VERB
cjfa-3240	576	13	good	good	ADJ
cjfa-3240	576	14	governance	governance	NOUN
cjfa-3240	576	15	code	code	NOUN
cjfa-3240	576	16	.	.	PUNCT
cjfa-3240	577	1	may	may	AUX
cjfa-3240	577	2	.	.	PUNCT
cjfa-3240	578	1	madrid	madrid	PROPN
cjfa-3240	578	2	.	.	PUNCT
cjfa-3240	579	1	cnmv	cnmv	PROPN
cjfa-3240	579	2	(	(	PUNCT
cjfa-3240	579	3	spanish	spanish	ADJ
cjfa-3240	579	4	securities	security	NOUN
cjfa-3240	579	5	markets	markets	PROPN
cjfa-3240	579	6	commission	commission	PROPN
cjfa-3240	579	7	)	)	PUNCT
cjfa-3240	579	8	(	(	PUNCT
cjfa-3240	579	9	2009	2009	NUM
cjfa-3240	579	10	)	)	PUNCT
cjfa-3240	579	11	,	,	PUNCT
cjfa-3240	579	12	corporate	corporate	ADJ
cjfa-3240	579	13	governance	governance	NOUN
cjfa-3240	579	14	annual	annual	ADJ
cjfa-3240	579	15	report	report	NOUN
cjfa-3240	579	16	,	,	PUNCT
cjfa-3240	579	17	available	available	ADJ
cjfa-3240	579	18	at	at	ADP
cjfa-3240	579	19	:	:	PUNCT
cjfa-3240	579	20	http://www.cnmv.es/docportal/publicaciones/	http://www.cnmv.es/docportal/publicaciones/	VERB
cjfa-3240	579	21	informes/	informes/	PROPN
cjfa-3240	579	22	iagc2009.pdf	iagc2009.pdf	ADJ
cjfa-3240	579	23	(	(	PUNCT
cjfa-3240	579	24	retrieved	retrieve	VERB
cjfa-3240	579	25	30.10.2011	30.10.2011	NUM
cjfa-3240	579	26	)	)	PUNCT
cjfa-3240	579	27	.	.	PUNCT
cjfa-3240	580	1	coles	coles	PROPN
cjfa-3240	580	2	j.	j.	PROPN
cjfa-3240	580	3	w.	w.	PROPN
cjfa-3240	580	4	,	,	PUNCT
cjfa-3240	580	5	daniel	daniel	PROPN
cjfa-3240	580	6	n.	n.	PROPN
cjfa-3240	580	7	&	&	CCONJ
cjfa-3240	580	8	naveen	naveen	PROPN
cjfa-3240	580	9	l.	l.	PROPN
cjfa-3240	580	10	(	(	PUNCT
cjfa-3240	580	11	2008	2008	NUM
cjfa-3240	580	12	)	)	PUNCT
cjfa-3240	580	13	,	,	PUNCT
cjfa-3240	580	14	boards	board	NOUN
cjfa-3240	580	15	:	:	PUNCT
cjfa-3240	580	16	does	do	AUX
cjfa-3240	580	17	one	one	NUM
cjfa-3240	580	18	size	size	NOUN
cjfa-3240	580	19	fit	fit	VERB
cjfa-3240	580	20	all	all	PRON
cjfa-3240	580	21	?	?	PUNCT
cjfa-3240	580	22	.	.	PUNCT
cjfa-3240	581	1	“	"	PUNCT
cjfa-3240	581	2	journal	journal	NOUN
cjfa-3240	581	3	of	of	ADP
cjfa-3240	581	4	management	management	NOUN
cjfa-3240	581	5	”	"	PUNCT
cjfa-3240	581	6	,	,	PUNCT
cjfa-3240	581	7	27	27	NUM
cjfa-3240	581	8	(	(	PUNCT
cjfa-3240	581	9	1	1	NUM
cjfa-3240	581	10	)	)	PUNCT
cjfa-3240	581	11	,	,	PUNCT
cjfa-3240	581	12	23–50	23–50	NUM
cjfa-3240	581	13	.	.	PUNCT
cjfa-3240	582	1	http://dx.doi.org/10.2139/ssrn.665746	http://dx.doi.org/10.2139/ssrn.665746	X
cjfa-3240	582	2	.	.	PUNCT
cjfa-3240	582	3	conyon	conyon	PROPN
cjfa-3240	582	4	m.	m.	PROPN
cjfa-3240	582	5	j.	j.	PROPN
cjfa-3240	582	6	&	&	CCONJ
cjfa-3240	582	7	he	he	PROPN
cjfa-3240	582	8	l.	l.	PROPN
cjfa-3240	582	9	(	(	PUNCT
cjfa-3240	582	10	2008	2008	NUM
cjfa-3240	582	11	)	)	PUNCT
cjfa-3240	582	12	,	,	PUNCT
cjfa-3240	582	13	executive	executive	NOUN
cjfa-3240	582	14	compensation	compensation	PROPN
cjfa-3240	582	15	and	and	CCONJ
cjfa-3240	582	16	ceo	ceo	NOUN
cjfa-3240	582	17	equity	equity	NOUN
cjfa-3240	582	18	incentives	incentive	NOUN
cjfa-3240	582	19	in	in	ADP
cjfa-3240	582	20	china´s	china´s	ADJ
cjfa-3240	582	21	listed	list	VERB
cjfa-3240	582	22	firms	firm	NOUN
cjfa-3240	582	23	,	,	PUNCT
cjfa-3240	582	24	available	available	ADJ
cjfa-3240	582	25	at	at	ADP
cjfa-3240	582	26	:	:	PUNCT
cjfa-3240	582	27	http://ssrn.com/abstract=1261911	http://ssrn.com/abstract=1261911	PROPN
cjfa-3240	582	28	(	(	PUNCT
cjfa-3240	582	29	retrieved	retrieve	VERB
cjfa-3240	582	30	15.06.2011	15.06.2011	NUM
cjfa-3240	582	31	)	)	PUNCT
cjfa-3240	582	32	.	.	PUNCT
cjfa-3240	583	1	http://dx.doi.org/10.2139/ssrn.1261911	http://dx.doi.org/10.2139/ssrn.1261911	PROPN
cjfa-3240	583	2	.	.	PUNCT
cjfa-3240	583	3	conyon	conyon	NOUN
cjfa-3240	583	4	m.	m.	PROPN
cjfa-3240	583	5	j.	j.	PROPN
cjfa-3240	583	6	&	&	CCONJ
cjfa-3240	583	7	peck	peck	PROPN
cjfa-3240	583	8	s.	s.	PROPN
cjfa-3240	583	9	i.	i.	PROPN
cjfa-3240	583	10	(	(	PUNCT
cjfa-3240	583	11	1998	1998	NUM
cjfa-3240	583	12	)	)	PUNCT
cjfa-3240	583	13	,	,	PUNCT
cjfa-3240	583	14	board	board	NOUN
cjfa-3240	583	15	control	control	NOUN
cjfa-3240	583	16	,	,	PUNCT
cjfa-3240	583	17	remuneration	remuneration	NOUN
cjfa-3240	583	18	committees	committee	NOUN
cjfa-3240	583	19	,	,	PUNCT
cjfa-3240	583	20	and	and	CCONJ
cjfa-3240	583	21	top	top	ADJ
cjfa-3240	583	22	management	management	NOUN
cjfa-3240	583	23	compensation	compensation	NOUN
cjfa-3240	583	24	.	.	PUNCT
cjfa-3240	584	1	“	"	PUNCT
cjfa-3240	584	2	academy	academy	NOUN
cjfa-3240	584	3	of	of	ADP
cjfa-3240	584	4	management	management	NOUN
cjfa-3240	584	5	journal	journal	NOUN
cjfa-3240	584	6	”	"	PUNCT
cjfa-3240	584	7	,	,	PUNCT
cjfa-3240	584	8	41	41	NUM
cjfa-3240	584	9	(	(	PUNCT
cjfa-3240	584	10	2	2	NUM
cjfa-3240	584	11	)	)	PUNCT
cjfa-3240	584	12	,	,	PUNCT
cjfa-3240	584	13	146–157	146–157	NUM
cjfa-3240	584	14	.	.	PUNCT
cjfa-3240	585	1	http://	http://	PROPN
cjfa-3240	585	2	dx.doi.org/10.2307/257099	dx.doi.org/10.2307/257099	NOUN
cjfa-3240	585	3	.	.	PUNCT
cjfa-3240	586	1	cordeiro	cordeiro	PROPN
cjfa-3240	586	2	j.	j.	PROPN
cjfa-3240	586	3	,	,	PUNCT
cjfa-3240	586	4	veliyath	veliyath	PROPN
cjfa-3240	586	5	r.	r.	PROPN
cjfa-3240	586	6	&	&	CCONJ
cjfa-3240	586	7	eramus	eramus	PROPN
cjfa-3240	586	8	e.	e.	PROPN
cjfa-3240	586	9	j.	j.	PROPN
cjfa-3240	586	10	(	(	PUNCT
cjfa-3240	586	11	2000	2000	NUM
cjfa-3240	586	12	)	)	PUNCT
cjfa-3240	586	13	,	,	PUNCT
cjfa-3240	586	14	an	an	DET
cjfa-3240	586	15	empirical	empirical	ADJ
cjfa-3240	586	16	investigation	investigation	NOUN
cjfa-3240	586	17	of	of	ADP
cjfa-3240	586	18	the	the	DET
cjfa-3240	586	19	determinants	determinant	NOUN
cjfa-3240	586	20	of	of	ADP
cjfa-3240	586	21	outside	outside	ADJ
cjfa-3240	586	22	director	director	NOUN
cjfa-3240	586	23	compensation	compensation	NOUN
cjfa-3240	586	24	.	.	PUNCT
cjfa-3240	587	1	“	"	PUNCT
cjfa-3240	587	2	corporate	corporate	ADJ
cjfa-3240	587	3	governance	governance	NOUN
cjfa-3240	587	4	:	:	PUNCT
cjfa-3240	587	5	an	an	DET
cjfa-3240	587	6	international	international	ADJ
cjfa-3240	587	7	review	review	NOUN
cjfa-3240	587	8	”	"	PUNCT
cjfa-3240	587	9	,	,	PUNCT
cjfa-3240	587	10	8	8	NUM
cjfa-3240	587	11	(	(	PUNCT
cjfa-3240	587	12	3	3	NUM
cjfa-3240	587	13	)	)	PUNCT
cjfa-3240	587	14	,	,	PUNCT
cjfa-3240	587	15	268–279	268–279	NUM
cjfa-3240	587	16	.	.	PUNCT
cjfa-3240	588	1	http://dx.doi.org/10.1111/1467-8683.00204	http://dx.doi.org/10.1111/1467-8683.00204	PROPN
cjfa-3240	588	2	.	.	PUNCT
cjfa-3240	588	3	davidson	davidson	PROPN
cjfa-3240	588	4	r.	r.	PROPN
cjfa-3240	588	5	,	,	PUNCT
cjfa-3240	588	6	goodwin	goodwin	PROPN
cjfa-3240	588	7	-	-	PUNCT
cjfa-3240	588	8	stewart	stewart	PROPN
cjfa-3240	588	9	j.	j.	PROPN
cjfa-3240	588	10	&	&	CCONJ
cjfa-3240	588	11	kent	kent	PROPN
cjfa-3240	588	12	p.	p.	PROPN
cjfa-3240	588	13	(	(	PUNCT
cjfa-3240	588	14	2005	2005	NUM
cjfa-3240	588	15	)	)	PUNCT
cjfa-3240	588	16	,	,	PUNCT
cjfa-3240	588	17	internal	internal	ADJ
cjfa-3240	588	18	governance	governance	NOUN
cjfa-3240	588	19	structure	structure	NOUN
cjfa-3240	588	20	and	and	CCONJ
cjfa-3240	588	21	earnings	earning	NOUN
cjfa-3240	588	22	management	management	NOUN
cjfa-3240	588	23	.	.	PUNCT
cjfa-3240	589	1	“	"	PUNCT
cjfa-3240	589	2	accounting	accounting	NOUN
cjfa-3240	589	3	and	and	CCONJ
cjfa-3240	589	4	finance	finance	NOUN
cjfa-3240	589	5	”	"	PUNCT
cjfa-3240	589	6	,	,	PUNCT
cjfa-3240	589	7	45	45	NUM
cjfa-3240	589	8	(	(	PUNCT
cjfa-3240	589	9	2	2	NUM
cjfa-3240	589	10	)	)	PUNCT
cjfa-3240	589	11	,	,	PUNCT
cjfa-3240	589	12	241–267	241–267	NUM
cjfa-3240	589	13	.	.	PUNCT
cjfa-3240	590	1	http://dx.doi.org/10.1111/j.1467-629x.2004.00132.x	http://dx.doi.org/10.1111/j.1467-629x.2004.00132.x	ADJ
cjfa-3240	590	2	.	.	PUNCT
cjfa-3240	591	1	dávila	dávila	PROPN
cjfa-3240	591	2	a.	a.	PROPN
cjfa-3240	591	3	&	&	CCONJ
cjfa-3240	591	4	peñalva	peñalva	PROPN
cjfa-3240	591	5	f.	f.	PROPN
cjfa-3240	591	6	(	(	PUNCT
cjfa-3240	591	7	2004	2004	NUM
cjfa-3240	591	8	)	)	PUNCT
cjfa-3240	591	9	.	.	PUNCT
cjfa-3240	592	1	corporate	corporate	ADJ
cjfa-3240	592	2	governance	governance	NOUN
cjfa-3240	592	3	and	and	CCONJ
cjfa-3240	592	4	the	the	DET
cjfa-3240	592	5	weighting	weighting	NOUN
cjfa-3240	592	6	of	of	ADP
cjfa-3240	592	7	performance	performance	NOUN
cjfa-3240	592	8	measures	measure	NOUN
cjfa-3240	592	9	in	in	ADP
cjfa-3240	592	10	ceo	ceo	NOUN
cjfa-3240	592	11	compensation	compensation	NOUN
cjfa-3240	592	12	.	.	PUNCT
cjfa-3240	593	1	“	"	PUNCT
cjfa-3240	593	2	review	review	NOUN
cjfa-3240	593	3	of	of	ADP
cjfa-3240	593	4	accounting	accounting	NOUN
cjfa-3240	593	5	studies	study	NOUN
cjfa-3240	593	6	”	"	PUNCT
cjfa-3240	593	7	,	,	PUNCT
cjfa-3240	593	8	11	11	NUM
cjfa-3240	593	9	(	(	PUNCT
cjfa-3240	593	10	4	4	NUM
cjfa-3240	593	11	)	)	PUNCT
cjfa-3240	593	12	,	,	PUNCT
cjfa-3240	593	13	463–493	463–493	NUM
cjfa-3240	593	14	.	.	PUNCT
cjfa-3240	594	1	elena	elena	PROPN
cjfa-3240	594	2	merino	merino	PROPN
cjfa-3240	594	3	,	,	PUNCT
cjfa-3240	594	4	montserrat	montserrat	PROPN
cjfa-3240	594	5	manzaneque	manzaneque	NOUN
cjfa-3240	594	6	,	,	PUNCT
cjfa-3240	594	7	alba	alba	PROPN
cjfa-3240	594	8	mª	mª	PROPN
cjfa-3240	594	9	priego150	priego150	PROPN
cjfa-3240	594	10	de	de	PROPN
cjfa-3240	594	11	miguel	miguel	PROPN
cjfa-3240	594	12	a.	a.	PROPN
cjfa-3240	594	13	,	,	PUNCT
cjfa-3240	594	14	pindado	pindado	PROPN
cjfa-3240	594	15	j.	j.	PROPN
cjfa-3240	594	16	&	&	CCONJ
cjfa-3240	594	17	de	de	PROPN
cjfa-3240	594	18	la	la	PROPN
cjfa-3240	594	19	torre	torre	PROPN
cjfa-3240	594	20	c.	c.	PROPN
cjfa-3240	594	21	(	(	PUNCT
cjfa-3240	594	22	2004	2004	NUM
cjfa-3240	594	23	)	)	PUNCT
cjfa-3240	594	24	,	,	PUNCT
cjfa-3240	594	25	ownership	ownership	NOUN
cjfa-3240	594	26	structure	structure	NOUN
cjfa-3240	594	27	and	and	CCONJ
cjfa-3240	594	28	firm	firm	ADJ
cjfa-3240	594	29	value	value	NOUN
cjfa-3240	594	30	:	:	PUNCT
cjfa-3240	594	31	new	new	ADJ
cjfa-3240	594	32	evidence	evidence	NOUN
cjfa-3240	594	33	from	from	ADP
cjfa-3240	594	34	spain	spain	PROPN
cjfa-3240	594	35	.	.	PUNCT
cjfa-3240	595	1	“	"	PUNCT
cjfa-3240	595	2	strategic	strategic	ADJ
cjfa-3240	595	3	management	management	NOUN
cjfa-3240	595	4	journal	journal	NOUN
cjfa-3240	595	5	”	"	PUNCT
cjfa-3240	595	6	,	,	PUNCT
cjfa-3240	595	7	25	25	NUM
cjfa-3240	595	8	(	(	PUNCT
cjfa-3240	595	9	12	12	NUM
cjfa-3240	595	10	)	)	PUNCT
cjfa-3240	595	11	,	,	PUNCT
cjfa-3240	595	12	1199–1207	1199–1207	NUM
cjfa-3240	595	13	.	.	PUNCT
cjfa-3240	596	1	http://	http://	PROPN
cjfa-3240	596	2	dx.doi.org/10.1002/smj.430	dx.doi.org/10.1002/smj.430	PROPN
cjfa-3240	596	3	.	.	PUNCT
cjfa-3240	597	1	du	du	PROPN
cjfa-3240	597	2	boys	boys	PROPN
cjfa-3240	597	3	c.	c.	PROPN
cjfa-3240	597	4	(	(	PUNCT
cjfa-3240	597	5	2009	2009	NUM
cjfa-3240	597	6	)	)	PUNCT
cjfa-3240	597	7	,	,	PUNCT
cjfa-3240	597	8	is	be	AUX
cjfa-3240	597	9	payout	payout	ADJ
cjfa-3240	597	10	policy	policy	NOUN
cjfa-3240	597	11	part	part	NOUN
cjfa-3240	597	12	of	of	ADP
cjfa-3240	597	13	the	the	DET
cjfa-3240	597	14	corporate	corporate	ADJ
cjfa-3240	597	15	governance	governance	NOUN
cjfa-3240	597	16	system	system	NOUN
cjfa-3240	597	17	?	?	PUNCT
cjfa-3240	598	1	the	the	DET
cjfa-3240	598	2	case	case	NOUN
cjfa-3240	598	3	of	of	ADP
cjfa-3240	598	4	france	france	PROPN
cjfa-3240	598	5	.	.	PUNCT
cjfa-3240	599	1	“	"	PUNCT
cjfa-3240	599	2	european	european	ADJ
cjfa-3240	599	3	journal	journal	PROPN
cjfa-3240	599	4	of	of	ADP
cjfa-3240	599	5	international	international	ADJ
cjfa-3240	599	6	management	management	NOUN
cjfa-3240	599	7	”	"	PUNCT
cjfa-3240	599	8	,	,	PUNCT
cjfa-3240	599	9	3	3	NUM
cjfa-3240	599	10	(	(	PUNCT
cjfa-3240	599	11	1	1	NUM
cjfa-3240	599	12	)	)	PUNCT
cjfa-3240	599	13	,	,	PUNCT
cjfa-3240	599	14	42–59	42–59	NOUN
cjfa-3240	599	15	.	.	PUNCT
cjfa-3240	599	16	duffhues	duffhue	NOUN
cjfa-3240	599	17	,	,	PUNCT
cjfa-3240	599	18	p.	p.	NOUN
cjfa-3240	599	19	&	&	CCONJ
cjfa-3240	599	20	kabir	kabir	PROPN
cjfa-3240	599	21	,	,	PUNCT
cjfa-3240	599	22	r.	r.	PROPN
cjfa-3240	599	23	(	(	PUNCT
cjfa-3240	599	24	2008	2008	NUM
cjfa-3240	599	25	)	)	PUNCT
cjfa-3240	599	26	.	.	PUNCT
cjfa-3240	600	1	is	be	AUX
cjfa-3240	600	2	the	the	DET
cjfa-3240	600	3	pay	pay	NOUN
cjfa-3240	600	4	-	-	PUNCT
cjfa-3240	600	5	performance	performance	NOUN
cjfa-3240	600	6	relationship	relationship	NOUN
cjfa-3240	600	7	always	always	ADV
cjfa-3240	600	8	positive	positive	ADJ
cjfa-3240	600	9	?	?	PUNCT
cjfa-3240	601	1	evidence	evidence	NOUN
cjfa-3240	601	2	from	from	ADP
cjfa-3240	601	3	the	the	DET
cjfa-3240	601	4	netherlands	netherlands	PROPN
cjfa-3240	601	5	,	,	PUNCT
cjfa-3240	601	6	available	available	ADJ
cjfa-3240	601	7	at	at	ADP
cjfa-3240	601	8	:	:	PUNCT
cjfa-3240	601	9	http://ssrn.com/abstract=962030	http://ssrn.com/abstract=962030	PROPN
cjfa-3240	601	10	(	(	PUNCT
cjfa-3240	601	11	access	access	NOUN
cjfa-3240	601	12	:	:	PUNCT
cjfa-3240	601	13	20.02.2011	20.02.2011	NUM
cjfa-3240	601	14	)	)	PUNCT
cjfa-3240	601	15	.	.	PUNCT
cjfa-3240	602	1	elsas	elsas	PROPN
cjfa-3240	602	2	r.	r.	PROPN
cjfa-3240	602	3	&	&	CCONJ
cjfa-3240	602	4	florysiak	florysiak	PROPN
cjfa-3240	602	5	d.	d.	PROPN
cjfa-3240	602	6	(	(	PUNCT
cjfa-3240	602	7	2008	2008	NUM
cjfa-3240	602	8	)	)	PUNCT
cjfa-3240	602	9	,	,	PUNCT
cjfa-3240	602	10	empirical	empirical	ADJ
cjfa-3240	602	11	capital	capital	NOUN
cjfa-3240	602	12	structure	structure	NOUN
cjfa-3240	602	13	research	research	NOUN
cjfa-3240	602	14	:	:	PUNCT
cjfa-3240	602	15	new	new	ADJ
cjfa-3240	602	16	ideas	idea	NOUN
cjfa-3240	602	17	,	,	PUNCT
cjfa-3240	602	18	recent	recent	ADJ
cjfa-3240	602	19	evidence	evidence	NOUN
cjfa-3240	602	20	,	,	PUNCT
cjfa-3240	602	21	and	and	CCONJ
cjfa-3240	602	22	methodological	methodological	ADJ
cjfa-3240	602	23	issues	issue	NOUN
cjfa-3240	602	24	.	.	PUNCT
cjfa-3240	603	1	working	work	VERB
cjfa-3240	603	2	paper	paper	NOUN
cjfa-3240	603	3	(	(	PUNCT
cjfa-3240	603	4	no	no	INTJ
cjfa-3240	603	5	.	.	PUNCT
cjfa-3240	603	6	2008–10	2008–10	NUM
cjfa-3240	603	7	)	)	PUNCT
cjfa-3240	603	8	,	,	PUNCT
cjfa-3240	603	9	school	school	NOUN
cjfa-3240	603	10	of	of	ADP
cjfa-3240	603	11	management	management	NOUN
cjfa-3240	603	12	,	,	PUNCT
cjfa-3240	603	13	munich	munich	PROPN
cjfa-3240	603	14	.	.	PUNCT
cjfa-3240	604	1	fahlenbrach	fahlenbrach	PROPN
cjfa-3240	604	2	r.	r.	PROPN
cjfa-3240	604	3	(	(	PUNCT
cjfa-3240	604	4	2009	2009	NUM
cjfa-3240	604	5	)	)	PUNCT
cjfa-3240	604	6	.	.	PUNCT
cjfa-3240	605	1	shareholder	shareholder	NOUN
cjfa-3240	605	2	rights	right	NOUN
cjfa-3240	605	3	,	,	PUNCT
cjfa-3240	605	4	boards	board	NOUN
cjfa-3240	605	5	,	,	PUNCT
cjfa-3240	605	6	and	and	CCONJ
cjfa-3240	605	7	ceo	ceo	NOUN
cjfa-3240	605	8	compensation	compensation	NOUN
cjfa-3240	605	9	.	.	PUNCT
cjfa-3240	606	1	“	"	PUNCT
cjfa-3240	606	2	review	review	NOUN
cjfa-3240	606	3	of	of	ADP
cjfa-3240	606	4	finance	finance	NOUN
cjfa-3240	606	5	”	"	PUNCT
cjfa-3240	606	6	,	,	PUNCT
cjfa-3240	606	7	13	13	NUM
cjfa-3240	606	8	(	(	PUNCT
cjfa-3240	606	9	1	1	NUM
cjfa-3240	606	10	)	)	PUNCT
cjfa-3240	606	11	,	,	PUNCT
cjfa-3240	606	12	811–113	811–113	NUM
cjfa-3240	606	13	.	.	PUNCT
cjfa-3240	607	1	http://dx.doi.org/10.1093/rof/rfn011	http://dx.doi.org/10.1093/rof/rfn011	NOUN
cjfa-3240	607	2	.	.	PUNCT
cjfa-3240	608	1	fernández	fernández	PROPN
cjfa-3240	608	2	a.	a.	PROPN
cjfa-3240	608	3	i.	i.	PROPN
cjfa-3240	608	4	,	,	PUNCT
cjfa-3240	608	5	gómez	gómez	PROPN
cjfa-3240	608	6	s.	s.	PROPN
cjfa-3240	608	7	&	&	CCONJ
cjfa-3240	608	8	fernández	fernández	PROPN
cjfa-3240	608	9	c.	c.	PROPN
cjfa-3240	608	10	(	(	PUNCT
cjfa-3240	608	11	1998	1998	NUM
cjfa-3240	608	12	)	)	PUNCT
cjfa-3240	608	13	,	,	PUNCT
cjfa-3240	608	14	el	el	PROPN
cjfa-3240	608	15	papel	papel	PROPN
cjfa-3240	608	16	supervisor	supervisor	PROPN
cjfa-3240	608	17	del	del	PROPN
cjfa-3240	608	18	consejo	consejo	PROPN
cjfa-3240	608	19	de	de	PROPN
cjfa-3240	608	20	administración	administración	PROPN
cjfa-3240	608	21	sobre	sobre	PROPN
cjfa-3240	608	22	la	la	PROPN
cjfa-3240	608	23	actuación	actuación	PROPN
cjfa-3240	608	24	gerencial	gerencial	PROPN
cjfa-3240	608	25	.	.	PUNCT
cjfa-3240	609	1	evidencia	evidencia	PROPN
cjfa-3240	609	2	para	para	PROPN
cjfa-3240	609	3	el	el	PROPN
cjfa-3240	609	4	caso	caso	PROPN
cjfa-3240	609	5	español	español	PROPN
cjfa-3240	609	6	.	.	PUNCT
cjfa-3240	610	1	“	"	PUNCT
cjfa-3240	610	2	investigaciones	investigacione	NOUN
cjfa-3240	610	3	económicas	económicas	PROPN
cjfa-3240	610	4	”	"	PUNCT
cjfa-3240	610	5	,	,	PUNCT
cjfa-3240	610	6	22	22	NUM
cjfa-3240	610	7	,	,	PUNCT
cjfa-3240	610	8	501–516	501–516	NUM
cjfa-3240	610	9	.	.	PUNCT
cjfa-3240	610	10	ferrarini	ferrarini	PROPN
cjfa-3240	610	11	g.	g.	PROPN
cjfa-3240	610	12	,	,	PUNCT
cjfa-3240	610	13	moloney	moloney	PROPN
cjfa-3240	610	14	n.	n.	PROPN
cjfa-3240	610	15	&	&	CCONJ
cjfa-3240	610	16	ungureanu	ungureanu	PROPN
cjfa-3240	610	17	m.	m.	PROPN
cjfa-3240	610	18	c.	c.	PROPN
cjfa-3240	610	19	(	(	PUNCT
cjfa-3240	610	20	2010	2010	NUM
cjfa-3240	610	21	)	)	PUNCT
cjfa-3240	610	22	,	,	PUNCT
cjfa-3240	610	23	executive	executive	ADJ
cjfa-3240	610	24	remuneration	remuneration	NOUN
cjfa-3240	610	25	in	in	ADP
cjfa-3240	610	26	crisis	crisis	NOUN
cjfa-3240	610	27	:	:	PUNCT
cjfa-3240	610	28	a	a	DET
cjfa-3240	610	29	critical	critical	ADJ
cjfa-3240	610	30	assessment	assessment	NOUN
cjfa-3240	610	31	of	of	ADP
cjfa-3240	610	32	reforms	reform	NOUN
cjfa-3240	610	33	in	in	ADP
cjfa-3240	610	34	europe	europe	PROPN
cjfa-3240	610	35	.	.	PUNCT
cjfa-3240	611	1	“	"	PUNCT
cjfa-3240	611	2	journal	journal	NOUN
cjfa-3240	611	3	of	of	ADP
cjfa-3240	611	4	corporate	corporate	ADJ
cjfa-3240	611	5	law	law	NOUN
cjfa-3240	611	6	studies	study	NOUN
cjfa-3240	611	7	”	"	PUNCT
cjfa-3240	611	8	,	,	PUNCT
cjfa-3240	611	9	10	10	NUM
cjfa-3240	611	10	(	(	PUNCT
cjfa-3240	611	11	1	1	NUM
cjfa-3240	611	12	)	)	PUNCT
cjfa-3240	611	13	,	,	PUNCT
cjfa-3240	611	14	73–118	73–118	PROPN
cjfa-3240	611	15	.	.	PUNCT
cjfa-3240	612	1	finkelstein	finkelstein	PROPN
cjfa-3240	612	2	s.	s.	PROPN
cjfa-3240	612	3	&	&	CCONJ
cjfa-3240	612	4	hambrick	hambrick	PROPN
cjfa-3240	612	5	d.	d.	PROPN
cjfa-3240	612	6	c.	c.	PROPN
cjfa-3240	612	7	(	(	PUNCT
cjfa-3240	612	8	1989	1989	NUM
cjfa-3240	612	9	)	)	PUNCT
cjfa-3240	612	10	,	,	PUNCT
cjfa-3240	612	11	chief	chief	ADJ
cjfa-3240	612	12	executive	executive	ADJ
cjfa-3240	612	13	compensation	compensation	NOUN
cjfa-3240	612	14	:	:	PUNCT
cjfa-3240	612	15	a	a	DET
cjfa-3240	612	16	study	study	NOUN
cjfa-3240	612	17	of	of	ADP
cjfa-3240	612	18	the	the	DET
cjfa-3240	612	19	intersection	intersection	NOUN
cjfa-3240	612	20	of	of	ADP
cjfa-3240	612	21	markets	market	NOUN
cjfa-3240	612	22	and	and	CCONJ
cjfa-3240	612	23	political	political	ADJ
cjfa-3240	612	24	processes	process	NOUN
cjfa-3240	612	25	.	.	PUNCT
cjfa-3240	613	1	“	"	PUNCT
cjfa-3240	613	2	strategic	strategic	ADJ
cjfa-3240	613	3	management	management	NOUN
cjfa-3240	613	4	journal	journal	NOUN
cjfa-3240	613	5	”	"	PUNCT
cjfa-3240	613	6	,	,	PUNCT
cjfa-3240	613	7	10	10	NUM
cjfa-3240	613	8	(	(	PUNCT
cjfa-3240	613	9	2	2	NUM
cjfa-3240	613	10	)	)	PUNCT
cjfa-3240	613	11	,	,	PUNCT
cjfa-3240	613	12	121–134	121–134	NUM
cjfa-3240	613	13	.	.	PUNCT
cjfa-3240	614	1	http://dx.doi.org/10.1002/smj.4250100203	http://dx.doi.org/10.1002/smj.4250100203	PROPN
cjfa-3240	614	2	.	.	PUNCT
cjfa-3240	614	3	heidrick	heidrick	PROPN
cjfa-3240	614	4	&	&	CCONJ
cjfa-3240	614	5	struggles	struggles	PROPN
cjfa-3240	614	6	(	(	PUNCT
cjfa-3240	614	7	2009	2009	NUM
cjfa-3240	614	8	)	)	PUNCT
cjfa-3240	614	9	,	,	PUNCT
cjfa-3240	614	10	boards	board	NOUN
cjfa-3240	614	11	in	in	ADP
cjfa-3240	614	12	turbulent	turbulent	ADJ
cjfa-3240	614	13	time	time	NOUN
cjfa-3240	614	14	.	.	PUNCT
cjfa-3240	615	1	corporate	corporate	ADJ
cjfa-3240	615	2	governance	governance	NOUN
cjfa-3240	615	3	report	report	NOUN
cjfa-3240	615	4	.	.	PUNCT
cjfa-3240	616	1	heidrick	heidrick	PROPN
cjfa-3240	616	2	&	&	CCONJ
cjfa-3240	616	3	struggles	struggle	VERB
cjfa-3240	616	4	international	international	PROPN
cjfa-3240	616	5	inc	inc	PROPN
cjfa-3240	616	6	.	.	PROPN
cjfa-3240	616	7	heidrick	heidrick	PROPN
cjfa-3240	616	8	&	&	CCONJ
cjfa-3240	616	9	struggles	struggles	PROPN
cjfa-3240	616	10	(	(	PUNCT
cjfa-3240	616	11	2011	2011	NUM
cjfa-3240	616	12	)	)	PUNCT
cjfa-3240	616	13	,	,	PUNCT
cjfa-3240	616	14	european	european	ADJ
cjfa-3240	616	15	corporate	corporate	ADJ
cjfa-3240	616	16	governance	governance	NOUN
cjfa-3240	616	17	report	report	NOUN
cjfa-3240	616	18	.	.	PUNCT
cjfa-3240	617	1	challenging	challenge	VERB
cjfa-3240	617	2	board	board	NOUN
cjfa-3240	617	3	performance	performance	NOUN
cjfa-3240	617	4	.	.	PUNCT
cjfa-3240	618	1	available	available	ADJ
cjfa-3240	618	2	at	at	ADP
cjfa-3240	618	3	:	:	PUNCT
cjfa-3240	618	4	http://www.heidrick.com/publicationsreports/	http://www.heidrick.com/publicationsreports/	NOUN
cjfa-3240	618	5	publicationsreports	publicationsreport	NOUN
cjfa-3240	618	6	/	/	SYM
cjfa-3240	618	7	hs_europencorpgovrpt2011.pdf	hs_europencorpgovrpt2011.pdf	PROPN
cjfa-3240	618	8	(	(	PUNCT
cjfa-3240	618	9	retrieved	retrieve	VERB
cjfa-3240	618	10	3.01.2013	3.01.2013	NUM
cjfa-3240	618	11	)	)	PUNCT
cjfa-3240	618	12	.	.	PUNCT
cjfa-3240	619	1	hermalin	hermalin	PROPN
cjfa-3240	619	2	b.	b.	PROPN
cjfa-3240	619	3	&	&	CCONJ
cjfa-3240	619	4	weisbach	weisbach	PROPN
cjfa-3240	619	5	m.	m.	PROPN
cjfa-3240	619	6	s.	s.	PROPN
cjfa-3240	619	7	(	(	PUNCT
cjfa-3240	619	8	2003	2003	NUM
cjfa-3240	619	9	)	)	PUNCT
cjfa-3240	619	10	,	,	PUNCT
cjfa-3240	619	11	board	board	NOUN
cjfa-3240	619	12	of	of	ADP
cjfa-3240	619	13	directors	director	NOUN
cjfa-3240	619	14	as	as	ADP
cjfa-3240	619	15	an	an	DET
cjfa-3240	619	16	endogenously	endogenously	ADV
cjfa-3240	619	17	determined	determined	ADJ
cjfa-3240	619	18	institution	institution	NOUN
cjfa-3240	619	19	:	:	PUNCT
cjfa-3240	619	20	a	a	DET
cjfa-3240	619	21	survey	survey	NOUN
cjfa-3240	619	22	of	of	ADP
cjfa-3240	619	23	the	the	DET
cjfa-3240	619	24	economic	economic	ADJ
cjfa-3240	619	25	literature	literature	NOUN
cjfa-3240	619	26	.	.	PUNCT
cjfa-3240	620	1	“	"	PUNCT
cjfa-3240	620	2	economic	economic	ADJ
cjfa-3240	620	3	policy	policy	NOUN
cjfa-3240	620	4	review	review	NOUN
cjfa-3240	620	5	”	"	PUNCT
cjfa-3240	620	6	,	,	PUNCT
cjfa-3240	620	7	9	9	NUM
cjfa-3240	620	8	(	(	PUNCT
cjfa-3240	620	9	1	1	NUM
cjfa-3240	620	10	)	)	PUNCT
cjfa-3240	620	11	,	,	PUNCT
cjfa-3240	620	12	7–26	7–26	NOUN
cjfa-3240	620	13	.	.	PUNCT
cjfa-3240	621	1	himmelberg	himmelberg	PROPN
cjfa-3240	621	2	c.	c.	PROPN
cjfa-3240	621	3	p.	p.	PROPN
cjfa-3240	621	4	,	,	PUNCT
cjfa-3240	621	5	hubbard	hubbard	PROPN
cjfa-3240	621	6	r.	r.	PROPN
cjfa-3240	621	7	g.	g.	PROPN
cjfa-3240	621	8	&	&	CCONJ
cjfa-3240	621	9	palia	palia	PROPN
cjfa-3240	621	10	d.	d.	PROPN
cjfa-3240	621	11	(	(	PUNCT
cjfa-3240	621	12	1999	1999	NUM
cjfa-3240	621	13	)	)	PUNCT
cjfa-3240	621	14	,	,	PUNCT
cjfa-3240	621	15	understanding	understand	VERB
cjfa-3240	621	16	the	the	DET
cjfa-3240	621	17	determinants	determinant	NOUN
cjfa-3240	621	18	of	of	ADP
cjfa-3240	621	19	managerial	managerial	ADJ
cjfa-3240	621	20	ownership	ownership	NOUN
cjfa-3240	621	21	and	and	CCONJ
cjfa-3240	621	22	performance	performance	NOUN
cjfa-3240	621	23	.	.	PUNCT
cjfa-3240	622	1	“	"	PUNCT
cjfa-3240	622	2	the	the	DET
cjfa-3240	622	3	journal	journal	NOUN
cjfa-3240	622	4	of	of	ADP
cjfa-3240	622	5	financial	financial	ADJ
cjfa-3240	622	6	economics	economic	NOUN
cjfa-3240	622	7	”	"	PUNCT
cjfa-3240	622	8	,	,	PUNCT
cjfa-3240	622	9	53	53	NUM
cjfa-3240	622	10	(	(	PUNCT
cjfa-3240	622	11	3	3	NUM
cjfa-3240	622	12	)	)	PUNCT
cjfa-3240	622	13	,	,	PUNCT
cjfa-3240	622	14	333–384	333–384	NUM
cjfa-3240	622	15	.	.	PUNCT
cjfa-3240	623	1	http://dx.doi.org/10.1016/s0304-405x(99)00025-2	http://dx.doi.org/10.1016/s0304-405x(99)00025-2	PROPN
cjfa-3240	623	2	.	.	PUNCT
cjfa-3240	624	1	lilling	lille	VERB
cjfa-3240	624	2	m.	m.	NOUN
cjfa-3240	624	3	s.	s.	PROPN
cjfa-3240	624	4	(	(	PUNCT
cjfa-3240	624	5	2006	2006	NUM
cjfa-3240	624	6	)	)	PUNCT
cjfa-3240	624	7	,	,	PUNCT
cjfa-3240	624	8	the	the	DET
cjfa-3240	624	9	link	link	NOUN
cjfa-3240	624	10	between	between	ADP
cjfa-3240	624	11	ceo	ceo	NOUN
cjfa-3240	624	12	compensation	compensation	NOUN
cjfa-3240	624	13	and	and	CCONJ
cjfa-3240	624	14	firm	firm	ADJ
cjfa-3240	624	15	performance	performance	NOUN
cjfa-3240	624	16	:	:	PUNCT
cjfa-3240	624	17	does	do	AUX
cjfa-3240	624	18	simultaneity	simultaneity	NOUN
cjfa-3240	624	19	matter	matter	VERB
cjfa-3240	624	20	?	?	PUNCT
cjfa-3240	624	21	.	.	PUNCT
cjfa-3240	625	1	“	"	PUNCT
cjfa-3240	625	2	atlantic	atlantic	ADJ
cjfa-3240	625	3	economic	economic	ADJ
cjfa-3240	625	4	journal	journal	NOUN
cjfa-3240	625	5	“	"	PUNCT
cjfa-3240	625	6	,	,	PUNCT
cjfa-3240	625	7	34	34	NUM
cjfa-3240	625	8	(	(	PUNCT
cjfa-3240	625	9	1	1	NUM
cjfa-3240	625	10	)	)	PUNCT
cjfa-3240	625	11	,	,	PUNCT
cjfa-3240	625	12	101–114	101–114	NUM
cjfa-3240	625	13	.	.	PUNCT
cjfa-3240	625	14	http://dx.doi	http://dx.doi	NOUN
cjfa-3240	625	15	.	.	PUNCT
cjfa-3240	626	1	org/10.1007	org/10.1007	PROPN
cjfa-3240	626	2	/	/	SYM
cjfa-3240	626	3	s11293	s11293	NOUN
cjfa-3240	626	4	-	-	PUNCT
cjfa-3240	626	5	006	006	NUM
cjfa-3240	626	6	-	-	PUNCT
cjfa-3240	626	7	6132	6132	NUM
cjfa-3240	626	8	-	-	SYM
cjfa-3240	626	9	8	8	NUM
cjfa-3240	626	10	.	.	PUNCT
cjfa-3240	627	1	mayers	mayers	PROPN
cjfa-3240	627	2	d.	d.	PROPN
cjfa-3240	627	3	&	&	CCONJ
cjfa-3240	627	4	smith	smith	PROPN
cjfa-3240	627	5	c.	c.	PROPN
cjfa-3240	627	6	w.	w.	PROPN
cjfa-3240	627	7	(	(	PUNCT
cjfa-3240	627	8	2010	2010	NUM
cjfa-3240	627	9	)	)	PUNCT
cjfa-3240	627	10	,	,	PUNCT
cjfa-3240	627	11	compensation	compensation	NOUN
cjfa-3240	627	12	and	and	CCONJ
cjfa-3240	627	13	board	board	NOUN
cjfa-3240	627	14	structure	structure	NOUN
cjfa-3240	627	15	.	.	PUNCT
cjfa-3240	628	1	evidence	evidence	NOUN
cjfa-3240	628	2	for	for	ADP
cjfa-3240	628	3	the	the	DET
cjfa-3240	628	4	insurance	insurance	NOUN
cjfa-3240	628	5	industry	industry	NOUN
cjfa-3240	628	6	.	.	PUNCT
cjfa-3240	629	1	“	"	PUNCT
cjfa-3240	629	2	the	the	DET
cjfa-3240	629	3	journal	journal	NOUN
cjfa-3240	629	4	of	of	ADP
cjfa-3240	629	5	risk	risk	NOUN
cjfa-3240	629	6	and	and	CCONJ
cjfa-3240	629	7	insurance	insurance	NOUN
cjfa-3240	629	8	”	"	PUNCT
cjfa-3240	629	9	,	,	PUNCT
cjfa-3240	629	10	77	77	NUM
cjfa-3240	629	11	(	(	PUNCT
cjfa-3240	629	12	2	2	NUM
cjfa-3240	629	13	)	)	PUNCT
cjfa-3240	629	14	,	,	PUNCT
cjfa-3240	629	15	297–327	297–327	NUM
cjfa-3240	629	16	.	.	PUNCT
cjfa-3240	630	1	http://dx.doi	http://dx.doi	NOUN
cjfa-3240	630	2	.	.	PUNCT
cjfa-3240	631	1	org/10.1111	org/10.1111	ADJ
cjfa-3240	631	2	/	/	SYM
cjfa-3240	631	3	j.1539	j.1539	PROPN
cjfa-3240	631	4	-	-	PUNCT
cjfa-3240	631	5	6975.2010.01352.x	6975.2010.01352.x	NUM
cjfa-3240	631	6	.	.	PUNCT
cjfa-3240	632	1	manzaneque	manzaneque	ADJ
cjfa-3240	632	2	m.	m.	NOUN
cjfa-3240	632	3	,	,	PUNCT
cjfa-3240	632	4	merino	merino	PROPN
cjfa-3240	632	5	e.	e.	PROPN
cjfa-3240	632	6	&	&	CCONJ
cjfa-3240	632	7	banegas	banegas	PROPN
cjfa-3240	632	8	r.	r.	PROPN
cjfa-3240	632	9	(	(	PUNCT
cjfa-3240	632	10	2011	2011	NUM
cjfa-3240	632	11	)	)	PUNCT
cjfa-3240	632	12	,	,	PUNCT
cjfa-3240	632	13	corporate	corporate	ADJ
cjfa-3240	632	14	governance	governance	NOUN
cjfa-3240	632	15	issues	issue	NOUN
cjfa-3240	632	16	and	and	CCONJ
cjfa-3240	632	17	director	director	NOUN
cjfa-3240	632	18	compensation	compensation	NOUN
cjfa-3240	632	19	structure	structure	NOUN
cjfa-3240	632	20	in	in	ADP
cjfa-3240	632	21	spanish	spanish	ADJ
cjfa-3240	632	22	companies	company	NOUN
cjfa-3240	632	23	.	.	PUNCT
cjfa-3240	633	1	“	"	PUNCT
cjfa-3240	633	2	african	african	ADJ
cjfa-3240	633	3	journal	journal	NOUN
cjfa-3240	633	4	of	of	ADP
cjfa-3240	633	5	business	business	NOUN
cjfa-3240	633	6	management	management	NOUN
cjfa-3240	633	7	”	"	PUNCT
cjfa-3240	633	8	,	,	PUNCT
cjfa-3240	633	9	5	5	NUM
cjfa-3240	633	10	(	(	PUNCT
cjfa-3240	633	11	22	22	NUM
cjfa-3240	633	12	)	)	PUNCT
cjfa-3240	633	13	,	,	PUNCT
cjfa-3240	633	14	9164–9179	9164–9179	NOUN
cjfa-3240	633	15	.	.	PUNCT
cjfa-3240	634	1	merino	merino	PROPN
cjfa-3240	634	2	e.	e.	PROPN
cjfa-3240	634	3	,	,	PUNCT
cjfa-3240	634	4	manzaneque	manzaneque	ADJ
cjfa-3240	634	5	m.	m.	NOUN
cjfa-3240	634	6	&	&	CCONJ
cjfa-3240	634	7	banegas	banegas	PROPN
cjfa-3240	634	8	r.	r.	PROPN
cjfa-3240	634	9	(	(	PUNCT
cjfa-3240	634	10	2012	2012	NUM
cjfa-3240	634	11	)	)	PUNCT
cjfa-3240	634	12	,	,	PUNCT
cjfa-3240	634	13	control	control	NOUN
cjfa-3240	634	14	of	of	ADP
cjfa-3240	634	15	directors	director	NOUN
cjfa-3240	634	16	’	'	PUNCT
cjfa-3240	634	17	compensation	compensation	NOUN
cjfa-3240	634	18	in	in	ADP
cjfa-3240	634	19	spanish	spanish	ADJ
cjfa-3240	634	20	companies	company	NOUN
cjfa-3240	634	21	.	.	PUNCT
cjfa-3240	635	1	corporate	corporate	ADJ
cjfa-3240	635	2	governance	governance	NOUN
cjfa-3240	635	3	and	and	CCONJ
cjfa-3240	635	4	firm	firm	ADJ
cjfa-3240	635	5	performance	performance	NOUN
cjfa-3240	635	6	,	,	PUNCT
cjfa-3240	635	7	[	[	X
cjfa-3240	635	8	in	in	ADP
cjfa-3240	635	9	:]	:]	PROPN
cjfa-3240	635	10	studies	study	NOUN
cjfa-3240	635	11	in	in	ADP
cjfa-3240	635	12	ma	ma	PROPN
cjfa-3240	635	13	“	"	PUNCT
cjfa-3240	635	14	board	board	NOUN
cjfa-3240	635	15	independence	independence	NOUN
cjfa-3240	635	16	”	"	PUNCT
cjfa-3240	635	17	and	and	CCONJ
cjfa-3240	635	18	compensation	compensation	NOUN
cjfa-3240	635	19	structure	structure	NOUN
cjfa-3240	635	20	of	of	ADP
cjfa-3240	635	21	directors	director	NOUN
cjfa-3240	635	22	151	151	NUM
cjfa-3240	635	23	nagement	nagement	NOUN
cjfa-3240	635	24	and	and	CCONJ
cjfa-3240	635	25	financial	financial	ADJ
cjfa-3240	635	26	accounting	accounting	NOUN
cjfa-3240	635	27	.	.	PUNCT
cjfa-3240	636	1	performance	performance	NOUN
cjfa-3240	636	2	measurement	measurement	NOUN
cjfa-3240	636	3	and	and	CCONJ
cjfa-3240	636	4	management	management	NOUN
cjfa-3240	636	5	control	control	NOUN
cjfa-3240	636	6	:	:	PUNCT
cjfa-3240	636	7	global	global	ADJ
cjfa-3240	636	8	issues	issue	NOUN
cjfa-3240	636	9	,	,	PUNCT
cjfa-3240	636	10	a.	a.	PROPN
cjfa-3240	636	11	davila	davila	PROPN
cjfa-3240	636	12	,	,	PUNCT
cjfa-3240	636	13	m.	m.	PROPN
cjfa-3240	636	14	j.	j.	PROPN
cjfa-3240	636	15	epstein	epstein	PROPN
cjfa-3240	636	16	,	,	PUNCT
cjfa-3240	636	17	j.	j.	PROPN
cjfa-3240	636	18	f.	f.	PROPN
cjfa-3240	636	19	manzoni	manzoni	PROPN
cjfa-3240	636	20	,	,	PUNCT
cjfa-3240	636	21	(	(	PUNCT
cjfa-3240	636	22	eds	ed	NOUN
cjfa-3240	636	23	.	.	PUNCT
cjfa-3240	636	24	)	)	PUNCT
cjfa-3240	636	25	,	,	PUNCT
cjfa-3240	636	26	emerald	emerald	NOUN
cjfa-3240	636	27	group	group	PROPN
cjfa-3240	636	28	publishing	publishing	PROPN
cjfa-3240	636	29	ltd	ltd	PROPN
cjfa-3240	636	30	.	.	PROPN
cjfa-3240	636	31	,	,	PUNCT
cjfa-3240	636	32	united	united	PROPN
cjfa-3240	636	33	kingdom	kingdom	PROPN
cjfa-3240	636	34	,	,	PUNCT
cjfa-3240	636	35	391–425	391–425	NUM
cjfa-3240	636	36	.	.	PUNCT
cjfa-3240	637	1	spencer	spencer	PROPN
cjfa-3240	637	2	,	,	PUNCT
cjfa-3240	637	3	s.	s.	PROPN
cjfa-3240	637	4	(	(	PUNCT
cjfa-3240	637	5	2010	2010	NUM
cjfa-3240	637	6	)	)	PUNCT
cjfa-3240	637	7	,	,	PUNCT
cjfa-3240	637	8	índice	índice	PROPN
cjfa-3240	637	9	spencer	spencer	PROPN
cjfa-3240	637	10	stuart	stuart	PROPN
cjfa-3240	637	11	de	de	PROPN
cjfa-3240	637	12	consejos	consejos	PROPN
cjfa-3240	637	13	de	de	PROPN
cjfa-3240	637	14	administración	administración	PROPN
cjfa-3240	637	15	”	"	PUNCT
cjfa-3240	637	16	(	(	PUNCT
cjfa-3240	637	17	14ª	14ª	PROPN
cjfa-3240	637	18	edición	edición	PROPN
cjfa-3240	637	19	)	)	PUNCT
cjfa-3240	637	20	.	.	PUNCT
cjfa-3240	638	1	ryan	ryan	PROPN
cjfa-3240	638	2	h.	h.	PROPN
cjfa-3240	638	3	e.	e.	PROPN
cjfa-3240	638	4	&	&	CCONJ
cjfa-3240	638	5	wiggins	wiggins	PROPN
cjfa-3240	638	6	r.	r.	PROPN
cjfa-3240	638	7	a.	a.	PROPN
cjfa-3240	638	8	(	(	PUNCT
cjfa-3240	638	9	2004	2004	NUM
cjfa-3240	638	10	)	)	PUNCT
cjfa-3240	638	11	,	,	PUNCT
cjfa-3240	638	12	who	who	PRON
cjfa-3240	638	13	is	be	AUX
cjfa-3240	638	14	in	in	ADP
cjfa-3240	638	15	whose	whose	DET
cjfa-3240	638	16	pocket	pocket	NOUN
cjfa-3240	638	17	?	?	PUNCT
cjfa-3240	639	1	director	director	NOUN
cjfa-3240	639	2	compensation	compensation	PROPN
cjfa-3240	639	3	,	,	PUNCT
cjfa-3240	639	4	board	board	NOUN
cjfa-3240	639	5	independence	independence	NOUN
cjfa-3240	639	6	,	,	PUNCT
cjfa-3240	639	7	and	and	CCONJ
cjfa-3240	639	8	barriers	barrier	NOUN
cjfa-3240	639	9	to	to	ADP
cjfa-3240	639	10	effective	effective	ADJ
cjfa-3240	639	11	monitoring	monitoring	NOUN
cjfa-3240	639	12	.	.	PUNCT
cjfa-3240	640	1	“	"	PUNCT
cjfa-3240	640	2	journal	journal	NOUN
cjfa-3240	640	3	of	of	ADP
cjfa-3240	640	4	financial	financial	ADJ
cjfa-3240	640	5	economics	economic	NOUN
cjfa-3240	640	6	”	"	PUNCT
cjfa-3240	640	7	,	,	PUNCT
cjfa-3240	640	8	73	73	NUM
cjfa-3240	640	9	,	,	PUNCT
cjfa-3240	640	10	497–524	497–524	NUM
cjfa-3240	640	11	.	.	PUNCT
cjfa-3240	641	1	http://dx.doi.org/10.1016/j.jfineco.2003.11.002	http://dx.doi.org/10.1016/j.jfineco.2003.11.002	PROPN
cjfa-3240	641	2	.	.	PROPN
cjfa-3240	641	3	sánchez	sánchez	PROPN
cjfa-3240	641	4	g.	g.	PROPN
cjfa-3240	641	5	&	&	CCONJ
cjfa-3240	641	6	lucas	lucas	PROPN
cjfa-3240	641	7	m.	m.	PROPN
cjfa-3240	641	8	e.	e.	PROPN
cjfa-3240	641	9	(	(	PUNCT
cjfa-3240	641	10	2008	2008	NUM
cjfa-3240	641	11	)	)	PUNCT
cjfa-3240	641	12	,	,	PUNCT
cjfa-3240	641	13	el	el	PROPN
cjfa-3240	641	14	nivel	nivel	PROPN
cjfa-3240	641	15	retributivo	retributivo	PROPN
cjfa-3240	641	16	de	de	PROPN
cjfa-3240	641	17	los	los	PROPN
cjfa-3240	641	18	altos	altos	PROPN
cjfa-3240	641	19	directivos	directivos	PROPN
cjfa-3240	641	20	de	de	PROPN
cjfa-3240	641	21	las	las	PROPN
cjfa-3240	641	22	empresas	empresas	PROPN
cjfa-3240	641	23	cotizadas	cotizadas	PROPN
cjfa-3240	641	24	españolas	españolas	PROPN
cjfa-3240	641	25	:	:	PUNCT
cjfa-3240	641	26	influencia	influencia	PROPN
cjfa-3240	641	27	del	del	PROPN
cjfa-3240	641	28	tamaño	tamaño	PROPN
cjfa-3240	641	29	y	y	PROPN
cjfa-3240	641	30	composición	composición	PROPN
cjfa-3240	641	31	del	del	PROPN
cjfa-3240	641	32	consejo	consejo	PROPN
cjfa-3240	641	33	de	de	PROPN
cjfa-3240	641	34	administración	administración	PROPN
cjfa-3240	641	35	.	.	PUNCT
cjfa-3240	642	1	“	"	PUNCT
cjfa-3240	642	2	boletín	boletín	PROPN
cjfa-3240	642	3	económico	económico	PROPN
cjfa-3240	642	4	del	del	PROPN
cjfa-3240	642	5	ice	ice	PROPN
cjfa-3240	642	6	”	"	PUNCT
cjfa-3240	642	7	,	,	PUNCT
cjfa-3240	642	8	2938	2938	NUM
cjfa-3240	642	9	,	,	PUNCT
cjfa-3240	642	10	37–52	37–52	NUM
cjfa-3240	642	11	.	.	PUNCT
cjfa-3240	642	12	sulong	sulong	PROPN
cjfa-3240	642	13	z.	z.	PROPN
cjfa-3240	642	14	&	&	CCONJ
cjfa-3240	642	15	mat	mat	PROPN
cjfa-3240	642	16	nor	nor	CCONJ
cjfa-3240	642	17	f.	f.	PROPN
cjfa-3240	642	18	(	(	PUNCT
cjfa-3240	642	19	2010	2010	NUM
cjfa-3240	642	20	)	)	PUNCT
cjfa-3240	642	21	,	,	PUNCT
cjfa-3240	642	22	corporate	corporate	ADJ
cjfa-3240	642	23	governance	governance	NOUN
cjfa-3240	642	24	mechanisms	mechanism	NOUN
cjfa-3240	642	25	and	and	CCONJ
cjfa-3240	642	26	firm	firm	ADJ
cjfa-3240	642	27	valuation	valuation	NOUN
cjfa-3240	642	28	in	in	ADP
cjfa-3240	642	29	malaysian	malaysian	ADJ
cjfa-3240	642	30	listed	list	VERB
cjfa-3240	642	31	firms	firm	NOUN
cjfa-3240	642	32	:	:	PUNCT
cjfa-3240	642	33	a	a	DET
cjfa-3240	642	34	panel	panel	NOUN
cjfa-3240	642	35	data	data	VERB
cjfa-3240	642	36	analysis	analysis	NOUN
cjfa-3240	642	37	.	.	PUNCT
cjfa-3240	643	1	“	"	PUNCT
cjfa-3240	643	2	journal	journal	NOUN
cjfa-3240	643	3	of	of	ADP
cjfa-3240	643	4	modern	modern	ADJ
cjfa-3240	643	5	accounting	accounting	NOUN
cjfa-3240	643	6	and	and	CCONJ
cjfa-3240	643	7	auditing	auditing	NOUN
cjfa-3240	643	8	”	"	PUNCT
cjfa-3240	643	9	,	,	PUNCT
cjfa-3240	643	10	6	6	NUM
cjfa-3240	643	11	(	(	PUNCT
cjfa-3240	643	12	1	1	NUM
cjfa-3240	643	13	)	)	PUNCT
cjfa-3240	643	14	,	,	PUNCT
cjfa-3240	643	15	1–18	1–18	NUM
cjfa-3240	643	16	.	.	PUNCT
cjfa-3240	644	1	yermack	yermack	PROPN
cjfa-3240	644	2	d.	d.	PROPN
cjfa-3240	644	3	(	(	PUNCT
cjfa-3240	644	4	1996	1996	NUM
cjfa-3240	644	5	)	)	PUNCT
cjfa-3240	644	6	,	,	PUNCT
cjfa-3240	644	7	higher	high	ADJ
cjfa-3240	644	8	market	market	NOUN
cjfa-3240	644	9	valuation	valuation	NOUN
cjfa-3240	644	10	of	of	ADP
cjfa-3240	644	11	companies	company	NOUN
cjfa-3240	644	12	with	with	ADP
cjfa-3240	644	13	a	a	DET
cjfa-3240	644	14	small	small	ADJ
cjfa-3240	644	15	board	board	NOUN
cjfa-3240	644	16	of	of	ADP
cjfa-3240	644	17	directors	director	NOUN
cjfa-3240	644	18	.	.	PUNCT
cjfa-3240	645	1	“	"	PUNCT
cjfa-3240	645	2	journal	journal	NOUN
cjfa-3240	645	3	of	of	ADP
cjfa-3240	645	4	financial	financial	ADJ
cjfa-3240	645	5	economics	economic	NOUN
cjfa-3240	645	6	”	"	PUNCT
cjfa-3240	645	7	,	,	PUNCT
cjfa-3240	645	8	40	40	NUM
cjfa-3240	645	9	(	(	PUNCT
cjfa-3240	645	10	2	2	NUM
cjfa-3240	645	11	)	)	PUNCT
cjfa-3240	645	12	,	,	PUNCT
cjfa-3240	645	13	185–211	185–211	NUM
cjfa-3240	645	14	.	.	PUNCT
cjfa-3240	646	1	http://dx.doi.org/10.1016/0304-405x(95)00844-5	http://dx.doi.org/10.1016/0304-405x(95)00844-5	PROPN
cjfa-3240	646	2	.	.	PUNCT