id	sid	tid	token	lemma	pos
cjfa-37579	1	1	date	date	NOUN
cjfa-37579	1	2	of	of	ADP
cjfa-37579	1	3	submission	submission	NOUN
cjfa-37579	1	4	:	:	PUNCT
cjfa-37579	1	5	august	august	PROPN
cjfa-37579	1	6	17	17	NUM
cjfa-37579	1	7	,	,	PUNCT
cjfa-37579	1	8	2021	2021	NUM
cjfa-37579	1	9	;	;	PUNCT
cjfa-37579	1	10	date	date	NOUN
cjfa-37579	1	11	of	of	ADP
cjfa-37579	1	12	acceptance	acceptance	NOUN
cjfa-37579	1	13	:	:	PUNCT
cjfa-37579	1	14	september	september	PROPN
cjfa-37579	1	15	3	3	NUM
cjfa-37579	1	16	,	,	PUNCT
cjfa-37579	1	17	2021	2021	NUM
cjfa-37579	1	18	.	.	PUNCT
cjfa-37579	2	1	*	*	PUNCT
cjfa-37579	2	2	contact	contact	NOUN
cjfa-37579	2	3	information	information	NOUN
cjfa-37579	2	4	:	:	PUNCT
cjfa-37579	2	5	nagerisuccess2000@yahoo.co.uk	nagerisuccess2000@yahoo.co.uk	PROPN
cjfa-37579	2	6	,	,	PUNCT
cjfa-37579	2	7	department	department	NOUN
cjfa-37579	2	8	of	of	ADP
cjfa-37579	2	9	banking	banking	NOUN
cjfa-37579	2	10	and	and	CCONJ
cjfa-37579	2	11	finance	finance	NOUN
cjfa-37579	2	12	,	,	PUNCT
cjfa-37579	2	13	al	al	PROPN
cjfa-37579	2	14	-	-	PUNCT
cjfa-37579	2	15	hikmah	hikmah	PROPN
cjfa-37579	2	16	university	university	NOUN
cjfa-37579	2	17	,	,	PUNCT
cjfa-37579	2	18	ilorin	ilorin	PROPN
cjfa-37579	2	19	,	,	PUNCT
cjfa-37579	2	20	kwara	kwara	PROPN
cjfa-37579	2	21	state	state	PROPN
cjfa-37579	2	22	,	,	PUNCT
cjfa-37579	2	23	nigeria	nigeria	PROPN
cjfa-37579	2	24	,	,	PUNCT
cjfa-37579	2	25	phone	phone	NOUN
cjfa-37579	2	26	:	:	PUNCT
cjfa-37579	2	27	+2348056172296	+2348056172296	NOUN
cjfa-37579	2	28	;	;	PUNCT
cjfa-37579	2	29	orcid	orcid	PROPN
cjfa-37579	3	1	i	i	NOUN
cjfa-37579	3	2	d	d	NOUN
cjfa-37579	3	3	:	:	PUNCT
cjfa-37579	3	4	https://orcid.org/0000-0002-5569-2169	https://orcid.org/0000-0002-5569-2169	PROPN
cjfa-37579	3	5	.	.	PROPN
cjfa-37579	3	6	copernican	copernican	PROPN
cjfa-37579	3	7	journal	journal	PROPN
cjfa-37579	3	8	of	of	ADP
cjfa-37579	3	9	finance	finance	PROPN
cjfa-37579	3	10	&	&	CCONJ
cjfa-37579	3	11	accounting	accounting	PROPN
cjfa-37579	3	12	e	e	PROPN
cjfa-37579	3	13	-	-	PROPN
cjfa-37579	3	14	issn	issn	PROPN
cjfa-37579	3	15	2300	2300	NUM
cjfa-37579	3	16	-	-	SYM
cjfa-37579	3	17	3065	3065	NUM
cjfa-37579	3	18	p	p	PROPN
cjfa-37579	3	19	-	-	PUNCT
cjfa-37579	3	20	issn	issn	PROPN
cjfa-37579	3	21	2300	2300	NUM
cjfa-37579	3	22	-	-	SYM
cjfa-37579	3	23	12402021	12402021	NUM
cjfa-37579	3	24	,	,	PUNCT
cjfa-37579	3	25	volume	volume	NOUN
cjfa-37579	3	26	10	10	NUM
cjfa-37579	3	27	,	,	PUNCT
cjfa-37579	3	28	issue	issue	VERB
cjfa-37579	3	29	4	4	NUM
cjfa-37579	3	30	nageri	nageri	ADJ
cjfa-37579	3	31	,	,	PUNCT
cjfa-37579	3	32	k.i	k.i	PROPN
cjfa-37579	3	33	.	.	PUNCT
cjfa-37579	4	1	(	(	PUNCT
cjfa-37579	4	2	2021	2021	NUM
cjfa-37579	4	3	)	)	PUNCT
cjfa-37579	4	4	.	.	PUNCT
cjfa-37579	5	1	risk	risk	NOUN
cjfa-37579	5	2	-	-	PUNCT
cjfa-37579	5	3	return	return	NOUN
cjfa-37579	5	4	relationship	relationship	NOUN
cjfa-37579	5	5	in	in	ADP
cjfa-37579	5	6	the	the	DET
cjfa-37579	5	7	nigerian	nigerian	ADJ
cjfa-37579	5	8	stock	stock	NOUN
cjfa-37579	5	9	market	market	NOUN
cjfa-37579	5	10	during	during	ADP
cjfa-37579	5	11	pandemic	pandemic	ADJ
cjfa-37579	5	12	covid-19	covid-19	PROPN
cjfa-37579	5	13	:	:	PUNCT
cjfa-37579	5	14	sectoral	sectoral	ADJ
cjfa-37579	5	15	panel	panel	NOUN
cjfa-37579	5	16	garch	garch	NOUN
cjfa-37579	5	17	approach	approach	NOUN
cjfa-37579	5	18	.	.	PUNCT
cjfa-37579	6	1	copernican	copernican	PROPN
cjfa-37579	6	2	journal	journal	PROPN
cjfa-37579	6	3	of	of	ADP
cjfa-37579	6	4	finance	finance	PROPN
cjfa-37579	6	5	&	&	CCONJ
cjfa-37579	6	6	accounting	accounting	PROPN
cjfa-37579	6	7	,	,	PUNCT
cjfa-37579	6	8	10(4	10(4	NUM
cjfa-37579	6	9	)	)	PUNCT
cjfa-37579	6	10	,	,	PUNCT
cjfa-37579	6	11	97–116	97–116	PROPN
cjfa-37579	6	12	.	.	PUNCT
cjfa-37579	6	13	http://dx.doi.org/10.12775/cjfa.2021.017	http://dx.doi.org/10.12775/cjfa.2021.017	X
cjfa-37579	7	1	kamaldeen	kamaldeen	VERB
cjfa-37579	7	2	ibraheem	ibraheem	PROPN
cjfa-37579	7	3	nageri	nageri	PROPN
cjfa-37579	7	4	*	*	PROPN
cjfa-37579	7	5	al	al	PROPN
cjfa-37579	7	6	-	-	PUNCT
cjfa-37579	7	7	hikmah	hikmah	PROPN
cjfa-37579	7	8	university	university	NOUN
cjfa-37579	7	9	risk	risk	NOUN
cjfa-37579	7	10	-	-	PUNCT
cjfa-37579	7	11	return	return	NOUN
cjfa-37579	7	12	relationship	relationship	NOUN
cjfa-37579	7	13	in	in	ADP
cjfa-37579	7	14	the	the	DET
cjfa-37579	7	15	nigerian	nigerian	ADJ
cjfa-37579	7	16	stock	stock	NOUN
cjfa-37579	7	17	market	market	NOUN
cjfa-37579	7	18	during	during	ADP
cjfa-37579	7	19	pandemic	pandemic	ADJ
cjfa-37579	7	20	covid-19	covid-19	PROPN
cjfa-37579	7	21	:	:	PUNCT
cjfa-37579	7	22	sectoral	sectoral	ADJ
cjfa-37579	7	23	panel	panel	NOUN
cjfa-37579	7	24	garch	garch	NOUN
cjfa-37579	7	25	approach	approach	NOUN
cjfa-37579	7	26	keywords	keyword	NOUN
cjfa-37579	7	27	:	:	PUNCT
cjfa-37579	7	28	covid-19	covid-19	PROPN
cjfa-37579	7	29	,	,	PUNCT
cjfa-37579	7	30	risk	risk	NOUN
cjfa-37579	7	31	-	-	PUNCT
cjfa-37579	7	32	return	return	NOUN
cjfa-37579	7	33	,	,	PUNCT
cjfa-37579	7	34	news	news	NOUN
cjfa-37579	7	35	,	,	PUNCT
cjfa-37579	7	36	garch	garch	NOUN
cjfa-37579	7	37	.	.	PUNCT
cjfa-37579	8	1	j	j	PROPN
cjfa-37579	8	2	e	e	PROPN
cjfa-37579	8	3	l	l	NOUN
cjfa-37579	8	4	classification	classification	NOUN
cjfa-37579	8	5	:	:	PUNCT
cjfa-37579	8	6	d81	d81	ADJ
cjfa-37579	8	7	.	.	PUNCT
cjfa-37579	9	1	abstract	abstract	ADV
cjfa-37579	9	2	:	:	PUNCT
cjfa-37579	9	3	this	this	DET
cjfa-37579	9	4	study	study	NOUN
cjfa-37579	9	5	examines	examine	VERB
cjfa-37579	9	6	how	how	SCONJ
cjfa-37579	9	7	the	the	DET
cjfa-37579	9	8	nigerian	nigerian	ADJ
cjfa-37579	9	9	stock	stock	NOUN
cjfa-37579	9	10	exchange	exchange	PROPN
cjfa-37579	9	11	(	(	PUNCT
cjfa-37579	9	12	nse	nse	NOUN
cjfa-37579	9	13	)	)	PUNCT
cjfa-37579	9	14	is	be	AUX
cjfa-37579	9	15	responding	respond	VERB
cjfa-37579	9	16	to	to	ADP
cjfa-37579	9	17	the	the	DET
cjfa-37579	9	18	covid-19	covid-19	PROPN
cjfa-37579	9	19	pandemic	pandemic	NOUN
cjfa-37579	9	20	in	in	ADP
cjfa-37579	9	21	the	the	DET
cjfa-37579	9	22	form	form	NOUN
cjfa-37579	9	23	of	of	ADP
cjfa-37579	9	24	risk	risk	NOUN
cjfa-37579	9	25	-	-	PUNCT
cjfa-37579	9	26	return	return	NOUN
cjfa-37579	9	27	relationship	relationship	NOUN
cjfa-37579	9	28	and	and	CCONJ
cjfa-37579	9	29	volatility	volatility	NOUN
cjfa-37579	9	30	.	.	PUNCT
cjfa-37579	10	1	panel	panel	NOUN
cjfa-37579	10	2	data	data	VERB
cjfa-37579	10	3	analyses	analysis	NOUN
cjfa-37579	10	4	of	of	ADP
cjfa-37579	10	5	garch	garch	NOUN
cjfa-37579	10	6	-	-	PUNCT
cjfa-37579	10	7	in	in	ADP
cjfa-37579	10	8	-	-	PUNCT
cjfa-37579	10	9	mean	mean	NOUN
cjfa-37579	10	10	and	and	CCONJ
cjfa-37579	10	11	threshold	threshold	NOUN
cjfa-37579	10	12	garch	garch	NOUN
cjfa-37579	10	13	were	be	AUX
cjfa-37579	10	14	estimated	estimate	VERB
cjfa-37579	10	15	on	on	ADP
cjfa-37579	10	16	three	three	NUM
cjfa-37579	10	17	error	error	NOUN
cjfa-37579	10	18	distributional	distributional	ADJ
cjfa-37579	10	19	assumptions	assumption	NOUN
cjfa-37579	10	20	.	.	PUNCT
cjfa-37579	11	1	all	all	DET
cjfa-37579	11	2	share	share	NOUN
cjfa-37579	11	3	index	index	NOUN
cjfa-37579	11	4	(	(	PUNCT
cjfa-37579	11	5	asi	asi	NOUN
cjfa-37579	11	6	)	)	PUNCT
cjfa-37579	11	7	from	from	ADP
cjfa-37579	11	8	january	january	PROPN
cjfa-37579	11	9	2020	2020	NUM
cjfa-37579	11	10	to	to	ADP
cjfa-37579	11	11	december	december	PROPN
cjfa-37579	11	12	2020	2020	NUM
cjfa-37579	11	13	for	for	ADP
cjfa-37579	11	14	ten	ten	NUM
cjfa-37579	11	15	stock	stock	NOUN
cjfa-37579	11	16	market	market	NOUN
cjfa-37579	11	17	indices	index	NOUN
cjfa-37579	11	18	on	on	ADP
cjfa-37579	11	19	the	the	DET
cjfa-37579	11	20	nse	nse	NOUN
cjfa-37579	11	21	.	.	PUNCT
cjfa-37579	11	22	findings	finding	NOUN
cjfa-37579	11	23	indicate	indicate	VERB
cjfa-37579	11	24	that	that	SCONJ
cjfa-37579	11	25	the	the	DET
cjfa-37579	11	26	cross	cross	ADJ
cjfa-37579	11	27	-	-	ADJ
cjfa-37579	11	28	section	section	ADJ
cjfa-37579	11	29	return	return	NOUN
cjfa-37579	11	30	of	of	ADP
cjfa-37579	11	31	the	the	DET
cjfa-37579	11	32	ten	ten	NUM
cjfa-37579	11	33	stock	stock	NOUN
cjfa-37579	11	34	market	market	NOUN
cjfa-37579	11	35	indices	index	NOUN
cjfa-37579	11	36	returns	return	NOUN
cjfa-37579	11	37	exhibit	exhibit	VERB
cjfa-37579	11	38	a	a	DET
cjfa-37579	11	39	positive	positive	ADJ
cjfa-37579	11	40	risk	risk	NOUN
cjfa-37579	11	41	-	-	PUNCT
cjfa-37579	11	42	return	return	NOUN
cjfa-37579	11	43	relationship	relationship	NOUN
cjfa-37579	11	44	during	during	ADP
cjfa-37579	11	45	covid-19	covid-19	PROPN
cjfa-37579	11	46	and	and	CCONJ
cjfa-37579	11	47	the	the	DET
cjfa-37579	11	48	impact	impact	NOUN
cjfa-37579	11	49	of	of	ADP
cjfa-37579	11	50	bad	bad	ADJ
cjfa-37579	11	51	news	news	NOUN
cjfa-37579	11	52	was	be	AUX
cjfa-37579	11	53	found	find	VERB
cjfa-37579	11	54	to	to	PART
cjfa-37579	11	55	have	have	VERB
cjfa-37579	11	56	no	no	DET
cjfa-37579	11	57	significant	significant	ADJ
cjfa-37579	11	58	impact	impact	NOUN
cjfa-37579	11	59	on	on	ADP
cjfa-37579	11	60	return	return	NOUN
cjfa-37579	11	61	volatility	volatility	NOUN
cjfa-37579	11	62	on	on	ADP
cjfa-37579	11	63	the	the	DET
cjfa-37579	11	64	nse	nse	NOUN
cjfa-37579	11	65	.	.	PUNCT
cjfa-37579	12	1	this	this	PRON
cjfa-37579	12	2	indicates	indicate	VERB
cjfa-37579	12	3	that	that	SCONJ
cjfa-37579	12	4	the	the	DET
cjfa-37579	12	5	policy	policy	NOUN
cjfa-37579	12	6	response	response	NOUN
cjfa-37579	12	7	during	during	ADP
cjfa-37579	12	8	the	the	DET
cjfa-37579	12	9	pandemic	pandemic	NOUN
cjfa-37579	12	10	is	be	AUX
cjfa-37579	12	11	adequate	adequate	ADJ
cjfa-37579	12	12	to	to	PART
cjfa-37579	12	13	cushion	cushion	VERB
cjfa-37579	12	14	the	the	DET
cjfa-37579	12	15	negative	negative	ADJ
cjfa-37579	12	16	impact	impact	NOUN
cjfa-37579	12	17	of	of	ADP
cjfa-37579	12	18	covid-19	covid-19	PROPN
cjfa-37579	12	19	,	,	PUNCT
cjfa-37579	12	20	which	which	PRON
cjfa-37579	12	21	should	should	AUX
cjfa-37579	12	22	be	be	AUX
cjfa-37579	12	23	sustained	sustain	VERB
cjfa-37579	12	24	.	.	PUNCT
cjfa-37579	12	25	 	 	SPACE
cjfa-37579	13	1	introduction	introduction	NOUN
cjfa-37579	13	2	risk	risk	NOUN
cjfa-37579	13	3	-	-	PUNCT
cjfa-37579	13	4	return	return	NOUN
cjfa-37579	13	5	has	have	VERB
cjfa-37579	13	6	a	a	DET
cjfa-37579	13	7	positive	positive	ADJ
cjfa-37579	13	8	correlation	correlation	NOUN
cjfa-37579	13	9	whereas	whereas	SCONJ
cjfa-37579	13	10	investors	investor	NOUN
cjfa-37579	13	11	are	be	AUX
cjfa-37579	13	12	risk	risk	NOUN
cjfa-37579	13	13	-	-	PUNCT
cjfa-37579	13	14	averse	averse	ADJ
cjfa-37579	13	15	is	be	AUX
cjfa-37579	13	16	the	the	DET
cjfa-37579	13	17	postulation	postulation	NOUN
cjfa-37579	13	18	of	of	ADP
cjfa-37579	13	19	the	the	DET
cjfa-37579	13	20	fundamental	fundamental	ADJ
cjfa-37579	13	21	studies	study	NOUN
cjfa-37579	13	22	of	of	ADP
cjfa-37579	13	23	finance	finance	NOUN
cjfa-37579	13	24	irrespective	irrespective	ADV
cjfa-37579	13	25	of	of	ADP
cjfa-37579	13	26	analysis	analysis	NOUN
cjfa-37579	13	27	conkamaldeen	conkamaldeen	VERB
cjfa-37579	13	28	ibraheem	ibraheem	ADJ
cjfa-37579	13	29	nageri98	nageri98	NOUN
cjfa-37579	13	30	ducted	ducte	VERB
cjfa-37579	13	31	at	at	ADP
cjfa-37579	13	32	industry	industry	NOUN
cjfa-37579	13	33	,	,	PUNCT
cjfa-37579	13	34	firm	firm	ADJ
cjfa-37579	13	35	and	and	CCONJ
cjfa-37579	13	36	national	national	ADJ
cjfa-37579	13	37	level	level	NOUN
cjfa-37579	13	38	(	(	PUNCT
cjfa-37579	13	39	mahmood	mahmood	PROPN
cjfa-37579	13	40	&	&	CCONJ
cjfa-37579	13	41	shah	shah	PROPN
cjfa-37579	13	42	,	,	PUNCT
cjfa-37579	13	43	2015	2015	NUM
cjfa-37579	13	44	)	)	PUNCT
cjfa-37579	13	45	.	.	PUNCT
cjfa-37579	14	1	on	on	ADP
cjfa-37579	14	2	the	the	DET
cjfa-37579	14	3	contrary	contrary	NOUN
cjfa-37579	14	4	,	,	PUNCT
cjfa-37579	14	5	behavioural	behavioural	ADJ
cjfa-37579	14	6	finance	finance	NOUN
cjfa-37579	14	7	explained	explain	VERB
cjfa-37579	14	8	that	that	SCONJ
cjfa-37579	14	9	the	the	DET
cjfa-37579	14	10	risk	risk	NOUN
cjfa-37579	14	11	-	-	PUNCT
cjfa-37579	14	12	return	return	NOUN
cjfa-37579	14	13	relationship	relationship	NOUN
cjfa-37579	14	14	is	be	AUX
cjfa-37579	14	15	sensitive	sensitive	ADJ
cjfa-37579	14	16	to	to	ADP
cjfa-37579	14	17	the	the	DET
cjfa-37579	14	18	investor	investor	NOUN
cjfa-37579	14	19	’s	’s	PART
cjfa-37579	14	20	target	target	NOUN
cjfa-37579	14	21	or	or	CCONJ
cjfa-37579	14	22	situation	situation	NOUN
cjfa-37579	14	23	.	.	PUNCT
cjfa-37579	15	1	according	accord	VERB
cjfa-37579	15	2	to	to	ADP
cjfa-37579	15	3	prospect	prospect	PROPN
cjfa-37579	15	4	theory	theory	NOUN
cjfa-37579	15	5	,	,	PUNCT
cjfa-37579	15	6	investors	investor	NOUN
cjfa-37579	15	7	exhibit	exhibit	VERB
cjfa-37579	15	8	a	a	DET
cjfa-37579	15	9	risk	risk	NOUN
cjfa-37579	15	10	-	-	PUNCT
cjfa-37579	15	11	averse	averse	ADJ
cjfa-37579	15	12	attitude	attitude	NOUN
cjfa-37579	15	13	in	in	ADP
cjfa-37579	15	14	the	the	DET
cjfa-37579	15	15	gain	gain	NOUN
cjfa-37579	15	16	domain	domain	NOUN
cjfa-37579	15	17	and	and	CCONJ
cjfa-37579	15	18	exhibit	exhibit	VERB
cjfa-37579	15	19	a	a	DET
cjfa-37579	15	20	risk	risk	NOUN
cjfa-37579	15	21	-	-	PUNCT
cjfa-37579	15	22	seeking	seek	VERB
cjfa-37579	15	23	attitude	attitude	NOUN
cjfa-37579	15	24	in	in	ADP
cjfa-37579	15	25	the	the	DET
cjfa-37579	15	26	loss	loss	NOUN
cjfa-37579	15	27	domain	domain	NOUN
cjfa-37579	15	28	,	,	PUNCT
cjfa-37579	15	29	calculated	calculate	VERB
cjfa-37579	15	30	relative	relative	ADJ
cjfa-37579	15	31	to	to	ADP
cjfa-37579	15	32	a	a	DET
cjfa-37579	15	33	reference	reference	NOUN
cjfa-37579	15	34	point	point	NOUN
cjfa-37579	15	35	.	.	PUNCT
cjfa-37579	16	1	this	this	PRON
cjfa-37579	16	2	implies	imply	VERB
cjfa-37579	16	3	that	that	SCONJ
cjfa-37579	16	4	the	the	DET
cjfa-37579	16	5	risk	risk	NOUN
cjfa-37579	16	6	-	-	PUNCT
cjfa-37579	16	7	return	return	NOUN
cjfa-37579	16	8	relationship	relationship	NOUN
cjfa-37579	16	9	is	be	AUX
cjfa-37579	16	10	negatively	negatively	ADV
cjfa-37579	16	11	correlated	correlate	VERB
cjfa-37579	16	12	.	.	PUNCT
cjfa-37579	17	1	ghysels	ghysel	NOUN
cjfa-37579	17	2	,	,	PUNCT
cjfa-37579	17	3	plazzi	plazzi	ADJ
cjfa-37579	17	4	and	and	CCONJ
cjfa-37579	17	5	valkanov	valkanov	PROPN
cjfa-37579	17	6	(	(	PUNCT
cjfa-37579	17	7	2016	2016	NUM
cjfa-37579	17	8	)	)	PUNCT
cjfa-37579	17	9	find	find	VERB
cjfa-37579	17	10	fundamental	fundamental	ADJ
cjfa-37579	17	11	change	change	NOUN
cjfa-37579	17	12	in	in	ADP
cjfa-37579	17	13	the	the	DET
cjfa-37579	17	14	traditional	traditional	ADJ
cjfa-37579	17	15	risk	risk	NOUN
cjfa-37579	17	16	-	-	PUNCT
cjfa-37579	17	17	return	return	NOUN
cjfa-37579	17	18	relationship	relationship	NOUN
cjfa-37579	17	19	during	during	ADP
cjfa-37579	17	20	financial	financial	ADJ
cjfa-37579	17	21	crises	crisis	NOUN
cjfa-37579	17	22	and	and	CCONJ
cjfa-37579	17	23	separation	separation	NOUN
cjfa-37579	17	24	between	between	ADP
cjfa-37579	17	25	the	the	DET
cjfa-37579	17	26	traditional	traditional	ADJ
cjfa-37579	17	27	riskreturn	riskreturn	NOUN
cjfa-37579	17	28	relationship	relationship	NOUN
cjfa-37579	17	29	and	and	CCONJ
cjfa-37579	17	30	financial	financial	ADJ
cjfa-37579	17	31	crises	crisis	NOUN
cjfa-37579	17	32	due	due	ADP
cjfa-37579	17	33	to	to	ADP
cjfa-37579	17	34	flight	flight	NOUN
cjfa-37579	17	35	to	to	ADP
cjfa-37579	17	36	safety	safety	NOUN
cjfa-37579	17	37	(	(	PUNCT
cjfa-37579	17	38	when	when	SCONJ
cjfa-37579	17	39	investors	investor	NOUN
cjfa-37579	17	40	sell	sell	VERB
cjfa-37579	17	41	assets	asset	NOUN
cjfa-37579	17	42	perceived	perceive	VERB
cjfa-37579	17	43	to	to	PART
cjfa-37579	17	44	be	be	AUX
cjfa-37579	17	45	highly	highly	ADV
cjfa-37579	17	46	risky	risky	ADJ
cjfa-37579	17	47	to	to	PART
cjfa-37579	17	48	invest	invest	VERB
cjfa-37579	17	49	in	in	ADP
cjfa-37579	17	50	safer	safe	ADJ
cjfa-37579	17	51	assets	asset	NOUN
cjfa-37579	17	52	like	like	ADP
cjfa-37579	17	53	gold	gold	NOUN
cjfa-37579	17	54	)	)	PUNCT
cjfa-37579	17	55	.	.	PUNCT
cjfa-37579	18	1	various	various	ADJ
cjfa-37579	18	2	studies	study	NOUN
cjfa-37579	18	3	(	(	PUNCT
cjfa-37579	18	4	fisher	fisher	PROPN
cjfa-37579	18	5	&	&	CCONJ
cjfa-37579	18	6	hall	hall	PROPN
cjfa-37579	18	7	,	,	PUNCT
cjfa-37579	18	8	1969	1969	NUM
cjfa-37579	18	9	;	;	PUNCT
cjfa-37579	18	10	neumann	neumann	PROPN
cjfa-37579	18	11	,	,	PUNCT
cjfa-37579	18	12	bobel	bobel	PROPN
cjfa-37579	18	13	&	&	CCONJ
cjfa-37579	18	14	haid	haid	PROPN
cjfa-37579	18	15	,	,	PUNCT
cjfa-37579	18	16	1979	1979	NUM
cjfa-37579	18	17	;	;	PUNCT
cjfa-37579	18	18	glosten	glosten	ADJ
cjfa-37579	18	19	,	,	PUNCT
cjfa-37579	18	20	jagannathan	jagannathan	PROPN
cjfa-37579	18	21	&	&	CCONJ
cjfa-37579	18	22	runkle	runkle	ADJ
cjfa-37579	18	23	,	,	PUNCT
cjfa-37579	18	24	1993	1993	NUM
cjfa-37579	18	25	;	;	PUNCT
cjfa-37579	18	26	brandt	brandt	PROPN
cjfa-37579	18	27	&	&	CCONJ
cjfa-37579	18	28	kang	kang	PROPN
cjfa-37579	18	29	,	,	PUNCT
cjfa-37579	18	30	2004	2004	NUM
cjfa-37579	18	31	;	;	PUNCT
cjfa-37579	18	32	guo	guo	PROPN
cjfa-37579	18	33	&	&	CCONJ
cjfa-37579	18	34	whitelaw	whitelaw	PROPN
cjfa-37579	18	35	,	,	PUNCT
cjfa-37579	18	36	2006	2006	NUM
cjfa-37579	18	37	;	;	PUNCT
cjfa-37579	18	38	ludvigson	ludvigson	PROPN
cjfa-37579	18	39	&	&	CCONJ
cjfa-37579	18	40	ng	ng	PROPN
cjfa-37579	18	41	,	,	PUNCT
cjfa-37579	18	42	2007	2007	NUM
cjfa-37579	18	43	)	)	PUNCT
cjfa-37579	18	44	had	have	AUX
cjfa-37579	18	45	been	be	AUX
cjfa-37579	18	46	conducted	conduct	VERB
cjfa-37579	18	47	at	at	ADP
cjfa-37579	18	48	firm	firm	NOUN
cjfa-37579	18	49	,	,	PUNCT
cjfa-37579	18	50	industry	industry	NOUN
cjfa-37579	18	51	and	and	CCONJ
cjfa-37579	18	52	national	national	ADJ
cjfa-37579	18	53	levels	level	NOUN
cjfa-37579	18	54	and	and	CCONJ
cjfa-37579	18	55	the	the	DET
cjfa-37579	18	56	controversy	controversy	NOUN
cjfa-37579	18	57	between	between	ADP
cjfa-37579	18	58	risk	risk	NOUN
cjfa-37579	18	59	-	-	PUNCT
cjfa-37579	18	60	return	return	NOUN
cjfa-37579	18	61	relationship	relationship	NOUN
cjfa-37579	18	62	lingers	linger	VERB
cjfa-37579	18	63	on	on	ADP
cjfa-37579	18	64	in	in	ADP
cjfa-37579	18	65	the	the	DET
cjfa-37579	18	66	literature	literature	NOUN
cjfa-37579	18	67	.	.	PUNCT
cjfa-37579	19	1	corona	corona	PROPN
cjfa-37579	19	2	virus	virus	NOUN
cjfa-37579	19	3	disease	disease	NOUN
cjfa-37579	19	4	(	(	PUNCT
cjfa-37579	19	5	covid	covid	PROPN
cjfa-37579	19	6	)	)	PUNCT
cjfa-37579	19	7	first	first	ADV
cjfa-37579	19	8	identified	identify	VERB
cjfa-37579	19	9	in	in	ADP
cjfa-37579	19	10	december	december	PROPN
cjfa-37579	19	11	2019	2019	NUM
cjfa-37579	19	12	in	in	ADP
cjfa-37579	19	13	wuhan	wuhan	PROPN
cjfa-37579	19	14	,	,	PUNCT
cjfa-37579	19	15	china	china	PROPN
cjfa-37579	19	16	,	,	PUNCT
cjfa-37579	19	17	generally	generally	ADV
cjfa-37579	19	18	known	know	VERB
cjfa-37579	19	19	as	as	ADP
cjfa-37579	19	20	covid-19	covid-19	PROPN
cjfa-37579	19	21	,	,	PUNCT
cjfa-37579	19	22	has	have	AUX
cjfa-37579	19	23	spread	spread	VERB
cjfa-37579	19	24	to	to	ADP
cjfa-37579	19	25	over	over	ADP
cjfa-37579	19	26	200	200	NUM
cjfa-37579	19	27	countries	country	NOUN
cjfa-37579	19	28	worldwide	worldwide	ADV
cjfa-37579	19	29	and	and	CCONJ
cjfa-37579	19	30	on	on	ADP
cjfa-37579	19	31	every	every	DET
cjfa-37579	19	32	continent	continent	NOUN
cjfa-37579	19	33	.	.	PUNCT
cjfa-37579	20	1	it	it	PRON
cjfa-37579	20	2	is	be	AUX
cjfa-37579	20	3	an	an	DET
cjfa-37579	20	4	acute	acute	ADJ
cjfa-37579	20	5	respiratory	respiratory	ADJ
cjfa-37579	20	6	disease	disease	NOUN
cjfa-37579	20	7	,	,	PUNCT
cjfa-37579	20	8	caused	cause	VERB
cjfa-37579	20	9	by	by	ADP
cjfa-37579	20	10	a	a	DET
cjfa-37579	20	11	novel	novel	ADJ
cjfa-37579	20	12	coronavirus	coronavirus	NOUN
cjfa-37579	20	13	(	(	PUNCT
cjfa-37579	20	14	previously	previously	ADV
cjfa-37579	20	15	known	know	VERB
cjfa-37579	20	16	as	as	ADP
cjfa-37579	20	17	sars	sar	NOUN
cjfa-37579	20	18	-	-	PUNCT
cjfa-37579	20	19	cov-2	cov-2	NOUN
cjfa-37579	20	20	,	,	PUNCT
cjfa-37579	20	21	and	and	CCONJ
cjfa-37579	20	22	2019	2019	NUM
cjfa-37579	20	23	-	-	PUNCT
cjfa-37579	20	24	ncov	ncov	NOUN
cjfa-37579	20	25	)	)	PUNCT
cjfa-37579	20	26	named	name	VERB
cjfa-37579	20	27	covid-19	covid-19	PROPN
cjfa-37579	20	28	.	.	PUNCT
cjfa-37579	21	1	covid-19	covid-19	PROPN
cjfa-37579	21	2	is	be	AUX
cjfa-37579	21	3	the	the	DET
cjfa-37579	21	4	third	third	ADJ
cjfa-37579	21	5	highly	highly	ADV
cjfa-37579	21	6	pathogenic	pathogenic	ADJ
cjfa-37579	21	7	and	and	CCONJ
cjfa-37579	21	8	large	large	ADJ
cjfa-37579	21	9	-	-	PUNCT
cjfa-37579	21	10	scale	scale	NOUN
cjfa-37579	21	11	epidemic	epidemic	NOUN
cjfa-37579	21	12	coronavirus	coronavirus	NOUN
cjfa-37579	21	13	after	after	ADP
cjfa-37579	21	14	the	the	DET
cjfa-37579	21	15	severe	severe	ADJ
cjfa-37579	21	16	acute	acute	ADJ
cjfa-37579	21	17	respiratory	respiratory	ADJ
cjfa-37579	21	18	syndrome	syndrome	NOUN
cjfa-37579	21	19	coronavirus	coronavirus	NOUN
cjfa-37579	21	20	(	(	PUNCT
cjfa-37579	21	21	sars	sars	PROPN
cjfa-37579	21	22	-	-	PUNCT
cjfa-37579	21	23	cov	cov	NOUN
cjfa-37579	21	24	)	)	PUNCT
cjfa-37579	21	25	of	of	ADP
cjfa-37579	21	26	2002	2002	NUM
cjfa-37579	21	27	and	and	CCONJ
cjfa-37579	21	28	the	the	DET
cjfa-37579	21	29	middle	middle	PROPN
cjfa-37579	21	30	east	east	PROPN
cjfa-37579	21	31	respiratory	respiratory	ADJ
cjfa-37579	21	32	syndrome	syndrome	NOUN
cjfa-37579	21	33	coronavirus	coronavirus	NOUN
cjfa-37579	21	34	(	(	PUNCT
cjfa-37579	21	35	mers	mers	NOUN
cjfa-37579	21	36	-	-	PUNCT
cjfa-37579	21	37	cov	cov	NOUN
cjfa-37579	21	38	)	)	PUNCT
cjfa-37579	21	39	of	of	ADP
cjfa-37579	21	40	2012	2012	NUM
cjfa-37579	21	41	in	in	ADP
cjfa-37579	21	42	the	the	DET
cjfa-37579	21	43	human	human	ADJ
cjfa-37579	21	44	population	population	NOUN
cjfa-37579	21	45	in	in	ADP
cjfa-37579	21	46	the	the	DET
cjfa-37579	21	47	twenty	twenty	NUM
cjfa-37579	21	48	-	-	PUNCT
cjfa-37579	21	49	first	first	ADJ
cjfa-37579	21	50	century	century	NOUN
cjfa-37579	21	51	(	(	PUNCT
cjfa-37579	21	52	hu	hu	PROPN
cjfa-37579	21	53	,	,	PUNCT
cjfa-37579	21	54	guo	guo	PROPN
cjfa-37579	21	55	,	,	PUNCT
cjfa-37579	21	56	zhou	zhou	PROPN
cjfa-37579	21	57	&	&	CCONJ
cjfa-37579	21	58	shi	shi	PROPN
cjfa-37579	21	59	,	,	PUNCT
cjfa-37579	21	60	2020	2020	NUM
cjfa-37579	21	61	;	;	PUNCT
cjfa-37579	21	62	guo	guo	PROPN
cjfa-37579	21	63	,	,	PUNCT
cjfa-37579	21	64	cao	cao	PROPN
cjfa-37579	21	65	,	,	PUNCT
cjfa-37579	21	66	hong	hong	PROPN
cjfa-37579	21	67	,	,	PUNCT
cjfa-37579	21	68	tan	tan	PROPN
cjfa-37579	21	69	,	,	PUNCT
cjfa-37579	21	70	chen	chen	PROPN
cjfa-37579	21	71	,	,	PUNCT
cjfa-37579	21	72	jin	jin	PROPN
cjfa-37579	21	73	,	,	PUNCT
cjfa-37579	21	74	tan	tan	PROPN
cjfa-37579	21	75	,	,	PUNCT
cjfa-37579	21	76	wang	wang	PROPN
cjfa-37579	21	77	&	&	CCONJ
cjfa-37579	21	78	yan	yan	PROPN
cjfa-37579	21	79	,	,	PUNCT
cjfa-37579	21	80	2020	2020	NUM
cjfa-37579	21	81	)	)	PUNCT
cjfa-37579	21	82	.	.	PUNCT
cjfa-37579	22	1	world	world	PROPN
cjfa-37579	22	2	health	health	PROPN
cjfa-37579	22	3	organisation	organisation	NOUN
cjfa-37579	22	4	(	(	PUNCT
cjfa-37579	22	5	who	who	PRON
cjfa-37579	22	6	)	)	PUNCT
cjfa-37579	22	7	declared	declare	VERB
cjfa-37579	22	8	covid-19	covid-19	PROPN
cjfa-37579	22	9	as	as	ADP
cjfa-37579	22	10	a	a	DET
cjfa-37579	22	11	pandemic	pandemic	NOUN
cjfa-37579	22	12	in	in	ADP
cjfa-37579	22	13	march	march	PROPN
cjfa-37579	22	14	2020	2020	NUM
cjfa-37579	22	15	and	and	CCONJ
cjfa-37579	22	16	became	become	VERB
cjfa-37579	22	17	the	the	DET
cjfa-37579	22	18	first	first	ADJ
cjfa-37579	22	19	coronavirus	coronavirus	NOUN
cjfa-37579	22	20	to	to	PART
cjfa-37579	22	21	be	be	AUX
cjfa-37579	22	22	characterised	characterise	VERB
cjfa-37579	22	23	as	as	ADP
cjfa-37579	22	24	such	such	ADJ
cjfa-37579	22	25	.	.	PUNCT
cjfa-37579	23	1	at	at	ADP
cjfa-37579	23	2	the	the	DET
cjfa-37579	23	3	time	time	NOUN
cjfa-37579	23	4	of	of	ADP
cjfa-37579	23	5	the	the	DET
cjfa-37579	23	6	declaration	declaration	NOUN
cjfa-37579	23	7	,	,	PUNCT
cjfa-37579	23	8	there	there	PRON
cjfa-37579	23	9	were	be	VERB
cjfa-37579	23	10	118,000	118,000	NUM
cjfa-37579	23	11	cases	case	NOUN
cjfa-37579	23	12	in	in	ADP
cjfa-37579	23	13	114	114	NUM
cjfa-37579	23	14	countries	country	NOUN
cjfa-37579	23	15	and	and	CCONJ
cjfa-37579	23	16	4,291	4,291	NUM
cjfa-37579	23	17	deaths	death	NOUN
cjfa-37579	23	18	but	but	CCONJ
cjfa-37579	23	19	at	at	ADP
cjfa-37579	23	20	the	the	DET
cjfa-37579	23	21	end	end	NOUN
cjfa-37579	23	22	of	of	ADP
cjfa-37579	23	23	june	june	PROPN
cjfa-37579	23	24	2020	2020	NUM
cjfa-37579	23	25	,	,	PUNCT
cjfa-37579	23	26	there	there	PRON
cjfa-37579	23	27	were	be	VERB
cjfa-37579	23	28	over	over	ADV
cjfa-37579	23	29	10.5	10.5	NUM
cjfa-37579	23	30	million	million	NUM
cjfa-37579	23	31	cases	case	NOUN
cjfa-37579	23	32	reported	report	VERB
cjfa-37579	23	33	in	in	ADP
cjfa-37579	23	34	210	210	NUM
cjfa-37579	23	35	countries	country	NOUN
cjfa-37579	23	36	,	,	PUNCT
cjfa-37579	23	37	over	over	ADP
cjfa-37579	23	38	514,000	514,000	NUM
cjfa-37579	23	39	deaths	death	NOUN
cjfa-37579	23	40	and	and	CCONJ
cjfa-37579	23	41	more	more	ADJ
cjfa-37579	23	42	than	than	ADP
cjfa-37579	23	43	5.9	5.9	NUM
cjfa-37579	23	44	million	million	NUM
cjfa-37579	23	45	infected	infected	ADJ
cjfa-37579	23	46	people	people	NOUN
cjfa-37579	23	47	have	have	AUX
cjfa-37579	23	48	recovered	recover	VERB
cjfa-37579	23	49	.	.	PUNCT
cjfa-37579	24	1	when	when	SCONJ
cjfa-37579	24	2	the	the	DET
cjfa-37579	24	3	virus	virus	NOUN
cjfa-37579	24	4	was	be	AUX
cjfa-37579	24	5	declared	declare	VERB
cjfa-37579	24	6	a	a	DET
cjfa-37579	24	7	global	global	ADJ
cjfa-37579	24	8	pandemic	pandemic	ADJ
cjfa-37579	24	9	,	,	PUNCT
cjfa-37579	24	10	stock	stock	NOUN
cjfa-37579	24	11	markets	market	NOUN
cjfa-37579	24	12	globally	globally	ADV
cjfa-37579	24	13	experienced	experience	VERB
cjfa-37579	24	14	a	a	DET
cjfa-37579	24	15	cumulative	cumulative	ADJ
cjfa-37579	24	16	loss	loss	NOUN
cjfa-37579	24	17	of	of	ADP
cjfa-37579	24	18	12.35	12.35	NUM
cjfa-37579	24	19	%	%	NOUN
cjfa-37579	24	20	and	and	CCONJ
cjfa-37579	24	21	over	over	ADP
cjfa-37579	24	22	$	$	SYM
cjfa-37579	24	23	9	9	NUM
cjfa-37579	24	24	trillion	trillion	NUM
cjfa-37579	24	25	loss	loss	NOUN
cjfa-37579	24	26	between	between	ADP
cjfa-37579	24	27	january	january	PROPN
cjfa-37579	24	28	and	and	CCONJ
cjfa-37579	24	29	may	may	PROPN
cjfa-37579	24	30	2020	2020	NUM
cjfa-37579	24	31	and	and	CCONJ
cjfa-37579	24	32	the	the	DET
cjfa-37579	24	33	global	global	ADJ
cjfa-37579	24	34	market	market	NOUN
cjfa-37579	24	35	exhibit	exhibit	VERB
cjfa-37579	24	36	increased	increase	VERB
cjfa-37579	24	37	volatility	volatility	NOUN
cjfa-37579	24	38	.	.	PUNCT
cjfa-37579	25	1	for	for	ADP
cjfa-37579	25	2	example	example	NOUN
cjfa-37579	25	3	,	,	PUNCT
cjfa-37579	25	4	the	the	DET
cjfa-37579	25	5	stock	stock	NOUN
cjfa-37579	25	6	prices	price	NOUN
cjfa-37579	25	7	in	in	ADP
cjfa-37579	25	8	the	the	DET
cjfa-37579	25	9	united	united	PROPN
cjfa-37579	25	10	states	states	PROPN
cjfa-37579	25	11	declined	decline	VERB
cjfa-37579	25	12	by	by	ADP
cjfa-37579	25	13	32	32	NUM
cjfa-37579	25	14	%	%	NOUN
cjfa-37579	25	15	,	,	PUNCT
cjfa-37579	25	16	in	in	ADP
cjfa-37579	25	17	the	the	DET
cjfa-37579	25	18	united	united	PROPN
cjfa-37579	25	19	kingdom	kingdom	PROPN
cjfa-37579	25	20	declined	decline	VERB
cjfa-37579	25	21	by	by	ADP
cjfa-37579	25	22	27.9	27.9	NUM
cjfa-37579	25	23	%	%	NOUN
cjfa-37579	25	24	,	,	PUNCT
cjfa-37579	25	25	and	and	CCONJ
cjfa-37579	25	26	in	in	ADP
cjfa-37579	25	27	some	some	DET
cjfa-37579	25	28	emerging	emerge	VERB
cjfa-37579	25	29	stock	stock	NOUN
cjfa-37579	25	30	markets	market	NOUN
cjfa-37579	25	31	like	like	ADP
cjfa-37579	25	32	brazil	brazil	PROPN
cjfa-37579	25	33	reduced	reduce	VERB
cjfa-37579	25	34	by	by	ADP
cjfa-37579	25	35	40.5	40.5	NUM
cjfa-37579	25	36	%	%	NOUN
cjfa-37579	25	37	,	,	PUNCT
cjfa-37579	25	38	russia	russia	NOUN
cjfa-37579	25	39	24.2	24.2	NUM
cjfa-37579	25	40	%	%	NOUN
cjfa-37579	25	41	and	and	CCONJ
cjfa-37579	25	42	china	china	PROPN
cjfa-37579	25	43	by	by	ADP
cjfa-37579	25	44	10.1	10.1	NUM
cjfa-37579	25	45	%	%	NOUN
cjfa-37579	25	46	(	(	PUNCT
cjfa-37579	25	47	salisu	salisu	ADJ
cjfa-37579	25	48	,	,	PUNCT
cjfa-37579	25	49	ebuh	ebuh	NOUN
cjfa-37579	25	50	&	&	CCONJ
cjfa-37579	25	51	usman	usman	PROPN
cjfa-37579	25	52	,	,	PUNCT
cjfa-37579	25	53	2020	2020	NUM
cjfa-37579	25	54	)	)	PUNCT
cjfa-37579	25	55	.	.	PUNCT
cjfa-37579	26	1	there	there	PRON
cjfa-37579	26	2	exist	exist	VERB
cjfa-37579	26	3	different	different	ADJ
cjfa-37579	26	4	sentiments	sentiment	NOUN
cjfa-37579	26	5	and	and	CCONJ
cjfa-37579	26	6	analysts	analyst	NOUN
cjfa-37579	26	7	have	have	VERB
cjfa-37579	26	8	divergence	divergence	NOUN
cjfa-37579	26	9	opinions	opinion	NOUN
cjfa-37579	26	10	risk	risk	NOUN
cjfa-37579	26	11	-	-	PUNCT
cjfa-37579	26	12	return	return	NOUN
cjfa-37579	26	13	relationship	relationship	NOUN
cjfa-37579	26	14	in	in	ADP
cjfa-37579	26	15	the	the	DET
cjfa-37579	26	16	nigerian	nigerian	ADJ
cjfa-37579	26	17	stock	stock	NOUN
cjfa-37579	26	18	market	market	NOUN
cjfa-37579	26	19	…	…	PUNCT
cjfa-37579	26	20	99	99	NUM
cjfa-37579	26	21	on	on	ADP
cjfa-37579	26	22	the	the	DET
cjfa-37579	26	23	impact	impact	NOUN
cjfa-37579	26	24	of	of	ADP
cjfa-37579	26	25	covid-19	covid-19	PROPN
cjfa-37579	26	26	,	,	PUNCT
cjfa-37579	26	27	the	the	DET
cjfa-37579	26	28	fall	fall	NOUN
cjfa-37579	26	29	in	in	ADP
cjfa-37579	26	30	stock	stock	NOUN
cjfa-37579	26	31	prices	price	NOUN
cjfa-37579	26	32	was	be	AUX
cjfa-37579	26	33	attributed	attribute	VERB
cjfa-37579	26	34	to	to	ADP
cjfa-37579	26	35	investors	investor	NOUN
cjfa-37579	26	36	’	'	PUNCT
cjfa-37579	26	37	panic	panic	NOUN
cjfa-37579	26	38	,	,	PUNCT
cjfa-37579	26	39	as	as	SCONJ
cjfa-37579	26	40	many	many	ADJ
cjfa-37579	26	41	investors	investor	NOUN
cjfa-37579	26	42	sold	sell	VERB
cjfa-37579	26	43	out	out	ADP
cjfa-37579	26	44	of	of	ADP
cjfa-37579	26	45	fear	fear	NOUN
cjfa-37579	26	46	.	.	PUNCT
cjfa-37579	27	1	another	another	DET
cjfa-37579	27	2	view	view	NOUN
cjfa-37579	27	3	is	be	AUX
cjfa-37579	27	4	that	that	SCONJ
cjfa-37579	27	5	covid-19	covid-19	PROPN
cjfa-37579	27	6	could	could	AUX
cjfa-37579	27	7	cause	cause	VERB
cjfa-37579	27	8	the	the	DET
cjfa-37579	27	9	re	re	NOUN
cjfa-37579	27	10	-	-	NOUN
cjfa-37579	27	11	emergence	emergence	NOUN
cjfa-37579	27	12	of	of	ADP
cjfa-37579	27	13	another	another	DET
cjfa-37579	27	14	global	global	ADJ
cjfa-37579	27	15	financial	financial	ADJ
cjfa-37579	27	16	crisis	crisis	NOUN
cjfa-37579	27	17	and	and	CCONJ
cjfa-37579	27	18	analysts	analyst	NOUN
cjfa-37579	27	19	also	also	ADV
cjfa-37579	27	20	understand	understand	VERB
cjfa-37579	27	21	that	that	SCONJ
cjfa-37579	27	22	covid-19	covid-19	PROPN
cjfa-37579	27	23	impact	impact	NOUN
cjfa-37579	27	24	could	could	AUX
cjfa-37579	27	25	be	be	AUX
cjfa-37579	27	26	worse	bad	ADJ
cjfa-37579	27	27	than	than	ADP
cjfa-37579	27	28	the	the	DET
cjfa-37579	27	29	combination	combination	NOUN
cjfa-37579	27	30	of	of	ADP
cjfa-37579	27	31	severe	severe	ADJ
cjfa-37579	27	32	acute	acute	ADJ
cjfa-37579	27	33	respiratory	respiratory	ADJ
cjfa-37579	27	34	syndrome	syndrome	NOUN
cjfa-37579	27	35	(	(	PUNCT
cjfa-37579	27	36	sars	sars	PROPN
cjfa-37579	27	37	)	)	PUNCT
cjfa-37579	27	38	outbreak	outbreak	NOUN
cjfa-37579	27	39	of	of	ADP
cjfa-37579	27	40	2003	2003	NUM
cjfa-37579	27	41	,	,	PUNCT
cjfa-37579	27	42	the	the	DET
cjfa-37579	27	43	global	global	ADJ
cjfa-37579	27	44	financial	financial	ADJ
cjfa-37579	27	45	crisis	crisis	NOUN
cjfa-37579	27	46	and	and	CCONJ
cjfa-37579	27	47	world	world	PROPN
cjfa-37579	27	48	war	war	PROPN
cjfa-37579	27	49	ii	ii	PROPN
cjfa-37579	27	50	(	(	PUNCT
cjfa-37579	27	51	international	international	ADJ
cjfa-37579	27	52	monetary	monetary	ADJ
cjfa-37579	27	53	fund	fund	NOUN
cjfa-37579	27	54	(	(	PUNCT
cjfa-37579	27	55	imf	imf	PROPN
cjfa-37579	27	56	)	)	PUNCT
cjfa-37579	27	57	,	,	PUNCT
cjfa-37579	27	58	2020a	2020a	NUM
cjfa-37579	27	59	;	;	PUNCT
cjfa-37579	27	60	international	international	ADJ
cjfa-37579	27	61	monetary	monetary	ADJ
cjfa-37579	27	62	fund	fund	NOUN
cjfa-37579	27	63	(	(	PUNCT
cjfa-37579	27	64	imf	imf	PROPN
cjfa-37579	27	65	)	)	PUNCT
cjfa-37579	27	66	,	,	PUNCT
cjfa-37579	27	67	2020b	2020b	NUM
cjfa-37579	27	68	;	;	PUNCT
cjfa-37579	27	69	khan	khan	PROPN
cjfa-37579	27	70	,	,	PUNCT
cjfa-37579	27	71	zhao	zhao	PROPN
cjfa-37579	27	72	,	,	PUNCT
cjfa-37579	27	73	zhang	zhang	PROPN
cjfa-37579	27	74	,	,	PUNCT
cjfa-37579	27	75	yang	yang	PROPN
cjfa-37579	27	76	,	,	PUNCT
cjfa-37579	27	77	shah	shah	PROPN
cjfa-37579	27	78	&	&	CCONJ
cjfa-37579	27	79	jahanger	jahanger	NOUN
cjfa-37579	27	80	,	,	PUNCT
cjfa-37579	27	81	2020	2020	NUM
cjfa-37579	27	82	)	)	PUNCT
cjfa-37579	27	83	.	.	PUNCT
cjfa-37579	28	1	therefore	therefore	ADV
cjfa-37579	28	2	,	,	PUNCT
cjfa-37579	28	3	as	as	ADP
cjfa-37579	28	4	a	a	DET
cjfa-37579	28	5	result	result	NOUN
cjfa-37579	28	6	of	of	ADP
cjfa-37579	28	7	the	the	DET
cjfa-37579	28	8	foregoing	forego	VERB
cjfa-37579	28	9	problem	problem	NOUN
cjfa-37579	28	10	,	,	PUNCT
cjfa-37579	28	11	it	it	PRON
cjfa-37579	28	12	becomes	become	VERB
cjfa-37579	28	13	imperative	imperative	ADJ
cjfa-37579	28	14	to	to	PART
cjfa-37579	28	15	examine	examine	VERB
cjfa-37579	28	16	how	how	SCONJ
cjfa-37579	28	17	the	the	DET
cjfa-37579	28	18	nse	nse	NOUN
cjfa-37579	28	19	is	be	AUX
cjfa-37579	28	20	responding	respond	VERB
cjfa-37579	28	21	to	to	ADP
cjfa-37579	28	22	the	the	DET
cjfa-37579	28	23	covid-19	covid-19	PROPN
cjfa-37579	28	24	pandemic	pandemic	NOUN
cjfa-37579	28	25	in	in	ADP
cjfa-37579	28	26	the	the	DET
cjfa-37579	28	27	form	form	NOUN
cjfa-37579	28	28	of	of	ADP
cjfa-37579	28	29	risk	risk	NOUN
cjfa-37579	28	30	-	-	PUNCT
cjfa-37579	28	31	return	return	NOUN
cjfa-37579	28	32	relationship	relationship	NOUN
cjfa-37579	28	33	and	and	CCONJ
cjfa-37579	28	34	volatility	volatility	NOUN
cjfa-37579	28	35	(	(	PUNCT
cjfa-37579	28	36	responding	respond	VERB
cjfa-37579	28	37	to	to	ADP
cjfa-37579	28	38	good	good	ADJ
cjfa-37579	28	39	and	and	CCONJ
cjfa-37579	28	40	bad	bad	ADJ
cjfa-37579	28	41	news	news	NOUN
cjfa-37579	28	42	)	)	PUNCT
cjfa-37579	28	43	.	.	PUNCT
cjfa-37579	29	1	the	the	DET
cjfa-37579	29	2	findings	finding	NOUN
cjfa-37579	29	3	of	of	ADP
cjfa-37579	29	4	the	the	DET
cjfa-37579	29	5	study	study	NOUN
cjfa-37579	29	6	will	will	AUX
cjfa-37579	29	7	add	add	VERB
cjfa-37579	29	8	to	to	ADP
cjfa-37579	29	9	existing	exist	VERB
cjfa-37579	29	10	literature	literature	NOUN
cjfa-37579	29	11	especially	especially	ADV
cjfa-37579	29	12	on	on	ADP
cjfa-37579	29	13	the	the	DET
cjfa-37579	29	14	study	study	NOUN
cjfa-37579	29	15	of	of	ADP
cjfa-37579	29	16	covid-19	covid-19	PROPN
cjfa-37579	29	17	and	and	CCONJ
cjfa-37579	29	18	stock	stock	NOUN
cjfa-37579	29	19	market	market	NOUN
cjfa-37579	29	20	performance	performance	NOUN
cjfa-37579	29	21	in	in	ADP
cjfa-37579	29	22	the	the	DET
cjfa-37579	29	23	presence	presence	NOUN
cjfa-37579	29	24	of	of	ADP
cjfa-37579	29	25	policy	policy	NOUN
cjfa-37579	29	26	response	response	NOUN
cjfa-37579	29	27	and	and	CCONJ
cjfa-37579	29	28	implications	implication	NOUN
cjfa-37579	29	29	.	.	PUNCT
cjfa-37579	30	1	the	the	DET
cjfa-37579	30	2	subsequent	subsequent	ADJ
cjfa-37579	30	3	parts	part	NOUN
cjfa-37579	30	4	of	of	ADP
cjfa-37579	30	5	this	this	DET
cjfa-37579	30	6	paper	paper	NOUN
cjfa-37579	30	7	contain	contain	VERB
cjfa-37579	30	8	a	a	DET
cjfa-37579	30	9	literature	literature	NOUN
cjfa-37579	30	10	review	review	NOUN
cjfa-37579	30	11	in	in	ADP
cjfa-37579	30	12	section	section	NOUN
cjfa-37579	30	13	two	two	NUM
cjfa-37579	30	14	.	.	PUNCT
cjfa-37579	31	1	section	section	NOUN
cjfa-37579	31	2	three	three	NUM
cjfa-37579	31	3	presents	present	VERB
cjfa-37579	31	4	the	the	DET
cjfa-37579	31	5	methodology	methodology	NOUN
cjfa-37579	31	6	.	.	PUNCT
cjfa-37579	32	1	results	result	NOUN
cjfa-37579	32	2	and	and	CCONJ
cjfa-37579	32	3	discussion	discussion	NOUN
cjfa-37579	32	4	are	be	AUX
cjfa-37579	32	5	presented	present	VERB
cjfa-37579	32	6	in	in	ADP
cjfa-37579	32	7	section	section	NOUN
cjfa-37579	32	8	four	four	NUM
cjfa-37579	32	9	and	and	CCONJ
cjfa-37579	32	10	section	section	NOUN
cjfa-37579	32	11	five	five	NUM
cjfa-37579	32	12	provides	provide	VERB
cjfa-37579	32	13	the	the	DET
cjfa-37579	32	14	conclusion	conclusion	NOUN
cjfa-37579	32	15	and	and	CCONJ
cjfa-37579	32	16	recommendations	recommendation	NOUN
cjfa-37579	32	17	of	of	ADP
cjfa-37579	32	18	the	the	DET
cjfa-37579	32	19	study	study	NOUN
cjfa-37579	32	20	.	.	PUNCT
cjfa-37579	33	1	literature	literature	NOUN
cjfa-37579	33	2	review	review	VERB
cjfa-37579	33	3	this	this	DET
cjfa-37579	33	4	section	section	NOUN
cjfa-37579	33	5	appraises	appraise	VERB
cjfa-37579	33	6	relevant	relevant	ADJ
cjfa-37579	33	7	pieces	piece	NOUN
cjfa-37579	33	8	of	of	ADP
cjfa-37579	33	9	literature	literature	NOUN
cjfa-37579	33	10	including	include	VERB
cjfa-37579	33	11	the	the	DET
cjfa-37579	33	12	theoretical	theoretical	ADJ
cjfa-37579	33	13	background	background	NOUN
cjfa-37579	33	14	and	and	CCONJ
cjfa-37579	33	15	the	the	DET
cjfa-37579	33	16	empirical	empirical	ADJ
cjfa-37579	33	17	reviews	review	NOUN
cjfa-37579	33	18	.	.	PUNCT
cjfa-37579	34	1	theoretical	theoretical	ADJ
cjfa-37579	34	2	background	background	NOUN
cjfa-37579	34	3	the	the	DET
cjfa-37579	34	4	relationship	relationship	NOUN
cjfa-37579	34	5	between	between	ADP
cjfa-37579	34	6	risk	risk	NOUN
cjfa-37579	34	7	and	and	CCONJ
cjfa-37579	34	8	return	return	NOUN
cjfa-37579	34	9	is	be	AUX
cjfa-37579	34	10	one	one	NUM
cjfa-37579	34	11	fundamental	fundamental	ADJ
cjfa-37579	34	12	concept	concept	NOUN
cjfa-37579	34	13	and	and	CCONJ
cjfa-37579	34	14	practice	practice	NOUN
cjfa-37579	34	15	in	in	ADP
cjfa-37579	34	16	the	the	DET
cjfa-37579	34	17	field	field	NOUN
cjfa-37579	34	18	of	of	ADP
cjfa-37579	34	19	financial	financial	ADJ
cjfa-37579	34	20	economics	economic	NOUN
cjfa-37579	34	21	.	.	PUNCT
cjfa-37579	35	1	the	the	DET
cjfa-37579	35	2	risk	risk	NOUN
cjfa-37579	35	3	-	-	PUNCT
cjfa-37579	35	4	return	return	NOUN
cjfa-37579	35	5	relationship	relationship	NOUN
cjfa-37579	35	6	indicates	indicate	VERB
cjfa-37579	35	7	that	that	SCONJ
cjfa-37579	35	8	an	an	DET
cjfa-37579	35	9	investment	investment	NOUN
cjfa-37579	35	10	with	with	ADP
cjfa-37579	35	11	higher	high	ADJ
cjfa-37579	35	12	risk	risk	NOUN
cjfa-37579	35	13	should	should	AUX
cjfa-37579	35	14	attract	attract	VERB
cjfa-37579	35	15	a	a	DET
cjfa-37579	35	16	higher	high	ADJ
cjfa-37579	35	17	expected	expect	VERB
cjfa-37579	35	18	return	return	NOUN
cjfa-37579	35	19	proportional	proportional	ADJ
cjfa-37579	35	20	to	to	ADP
cjfa-37579	35	21	the	the	DET
cjfa-37579	35	22	risk	risk	NOUN
cjfa-37579	35	23	-	-	PUNCT
cjfa-37579	35	24	free	free	ADJ
cjfa-37579	35	25	return	return	NOUN
cjfa-37579	35	26	.	.	PUNCT
cjfa-37579	36	1	merton	merton	PROPN
cjfa-37579	36	2	(	(	PUNCT
cjfa-37579	36	3	1973	1973	NUM
cjfa-37579	36	4	)	)	PUNCT
cjfa-37579	36	5	posits	posit	NOUN
cjfa-37579	36	6	that	that	SCONJ
cjfa-37579	36	7	the	the	DET
cjfa-37579	36	8	expected	expect	VERB
cjfa-37579	36	9	excess	excess	ADJ
cjfa-37579	36	10	equity	equity	NOUN
cjfa-37579	36	11	market	market	NOUN
cjfa-37579	36	12	return	return	NOUN
cjfa-37579	36	13	is	be	AUX
cjfa-37579	36	14	positively	positively	ADV
cjfa-37579	36	15	related	relate	VERB
cjfa-37579	36	16	to	to	ADP
cjfa-37579	36	17	its	its	PRON
cjfa-37579	36	18	conditional	conditional	ADJ
cjfa-37579	36	19	variance	variance	NOUN
cjfa-37579	36	20	:	:	PUNCT
cjfa-37579	36	21	markets	market	NOUN
cjfa-37579	36	22	like	like	ADP
cjfa-37579	36	23	brazil	brazil	PROPN
cjfa-37579	36	24	reduced	reduce	VERB
cjfa-37579	36	25	by	by	ADP
cjfa-37579	36	26	40.5	40.5	NUM
cjfa-37579	36	27	%	%	NOUN
cjfa-37579	36	28	,	,	PUNCT
cjfa-37579	36	29	russia	russia	NOUN
cjfa-37579	36	30	24.2	24.2	NUM
cjfa-37579	36	31	%	%	NOUN
cjfa-37579	36	32	and	and	CCONJ
cjfa-37579	36	33	china	china	PROPN
cjfa-37579	36	34	by	by	ADP
cjfa-37579	36	35	10.1	10.1	NUM
cjfa-37579	36	36	%	%	NOUN
cjfa-37579	36	37	(	(	PUNCT
cjfa-37579	36	38	salisu	salisu	ADJ
cjfa-37579	36	39	,	,	PUNCT
cjfa-37579	36	40	ebuh	ebuh	NOUN
cjfa-37579	36	41	&	&	CCONJ
cjfa-37579	36	42	usman	usman	PROPN
cjfa-37579	36	43	,	,	PUNCT
cjfa-37579	36	44	2020	2020	NUM
cjfa-37579	36	45	)	)	PUNCT
cjfa-37579	36	46	.	.	PUNCT
cjfa-37579	37	1	there	there	PRON
cjfa-37579	37	2	exist	exist	VERB
cjfa-37579	37	3	different	different	ADJ
cjfa-37579	37	4	sentiments	sentiment	NOUN
cjfa-37579	37	5	and	and	CCONJ
cjfa-37579	37	6	analysts	analyst	NOUN
cjfa-37579	37	7	have	have	VERB
cjfa-37579	37	8	divergence	divergence	ADJ
cjfa-37579	37	9	opinions	opinion	NOUN
cjfa-37579	37	10	on	on	ADP
cjfa-37579	37	11	the	the	DET
cjfa-37579	37	12	impact	impact	NOUN
cjfa-37579	37	13	of	of	ADP
cjfa-37579	37	14	covid-19	covid-19	PROPN
cjfa-37579	37	15	,	,	PUNCT
cjfa-37579	37	16	the	the	DET
cjfa-37579	37	17	fall	fall	NOUN
cjfa-37579	37	18	in	in	ADP
cjfa-37579	37	19	stock	stock	NOUN
cjfa-37579	37	20	prices	price	NOUN
cjfa-37579	37	21	was	be	AUX
cjfa-37579	37	22	attributed	attribute	VERB
cjfa-37579	37	23	to	to	ADP
cjfa-37579	37	24	investors	investor	NOUN
cjfa-37579	37	25	’	'	PUNCT
cjfa-37579	37	26	panic	panic	NOUN
cjfa-37579	37	27	,	,	PUNCT
cjfa-37579	37	28	as	as	SCONJ
cjfa-37579	37	29	many	many	ADJ
cjfa-37579	37	30	investors	investor	NOUN
cjfa-37579	37	31	sold	sell	VERB
cjfa-37579	37	32	out	out	ADP
cjfa-37579	37	33	of	of	ADP
cjfa-37579	37	34	fear	fear	NOUN
cjfa-37579	37	35	.	.	PUNCT
cjfa-37579	38	1	another	another	DET
cjfa-37579	38	2	view	view	NOUN
cjfa-37579	38	3	is	be	AUX
cjfa-37579	38	4	that	that	SCONJ
cjfa-37579	38	5	covid-19	covid-19	PROPN
cjfa-37579	38	6	could	could	AUX
cjfa-37579	38	7	cause	cause	VERB
cjfa-37579	38	8	the	the	DET
cjfa-37579	38	9	re	re	NOUN
cjfa-37579	38	10	-	-	NOUN
cjfa-37579	38	11	emergence	emergence	NOUN
cjfa-37579	38	12	of	of	ADP
cjfa-37579	38	13	another	another	DET
cjfa-37579	38	14	global	global	ADJ
cjfa-37579	38	15	financial	financial	ADJ
cjfa-37579	38	16	crisis	crisis	NOUN
cjfa-37579	38	17	and	and	CCONJ
cjfa-37579	38	18	analysts	analyst	NOUN
cjfa-37579	38	19	also	also	ADV
cjfa-37579	38	20	understand	understand	VERB
cjfa-37579	38	21	that	that	SCONJ
cjfa-37579	38	22	covid-19	covid-19	PROPN
cjfa-37579	38	23	impact	impact	NOUN
cjfa-37579	38	24	could	could	AUX
cjfa-37579	38	25	be	be	AUX
cjfa-37579	38	26	worse	bad	ADJ
cjfa-37579	38	27	than	than	ADP
cjfa-37579	38	28	the	the	DET
cjfa-37579	38	29	combination	combination	NOUN
cjfa-37579	38	30	of	of	ADP
cjfa-37579	38	31	severe	severe	ADJ
cjfa-37579	38	32	acute	acute	ADJ
cjfa-37579	38	33	respiratory	respiratory	ADJ
cjfa-37579	38	34	syndrome	syndrome	NOUN
cjfa-37579	38	35	(	(	PUNCT
cjfa-37579	38	36	sars	sars	PROPN
cjfa-37579	38	37	)	)	PUNCT
cjfa-37579	38	38	outbreak	outbreak	NOUN
cjfa-37579	38	39	of	of	ADP
cjfa-37579	38	40	2003	2003	NUM
cjfa-37579	38	41	,	,	PUNCT
cjfa-37579	38	42	the	the	DET
cjfa-37579	38	43	global	global	ADJ
cjfa-37579	38	44	financial	financial	ADJ
cjfa-37579	38	45	crisis	crisis	NOUN
cjfa-37579	38	46	and	and	CCONJ
cjfa-37579	38	47	world	world	PROPN
cjfa-37579	38	48	war	war	PROPN
cjfa-37579	38	49	ii	ii	PROPN
cjfa-37579	38	50	(	(	PUNCT
cjfa-37579	38	51	international	international	ADJ
cjfa-37579	38	52	monetary	monetary	ADJ
cjfa-37579	38	53	fund	fund	NOUN
cjfa-37579	38	54	(	(	PUNCT
cjfa-37579	38	55	imf	imf	PROPN
cjfa-37579	38	56	)	)	PUNCT
cjfa-37579	38	57	,	,	PUNCT
cjfa-37579	38	58	2020a	2020a	NUM
cjfa-37579	38	59	;	;	PUNCT
cjfa-37579	38	60	international	international	ADJ
cjfa-37579	38	61	monetary	monetary	ADJ
cjfa-37579	38	62	fund	fund	NOUN
cjfa-37579	38	63	(	(	PUNCT
cjfa-37579	38	64	imf	imf	PROPN
cjfa-37579	38	65	)	)	PUNCT
cjfa-37579	38	66	,	,	PUNCT
cjfa-37579	38	67	2020b	2020b	NUM
cjfa-37579	38	68	;	;	PUNCT
cjfa-37579	38	69	khan	khan	PROPN
cjfa-37579	38	70	,	,	PUNCT
cjfa-37579	38	71	zhao	zhao	PROPN
cjfa-37579	38	72	,	,	PUNCT
cjfa-37579	38	73	zhang	zhang	PROPN
cjfa-37579	38	74	,	,	PUNCT
cjfa-37579	38	75	yang	yang	PROPN
cjfa-37579	38	76	,	,	PUNCT
cjfa-37579	38	77	shah	shah	PROPN
cjfa-37579	38	78	&	&	CCONJ
cjfa-37579	38	79	jahanger	jahanger	NOUN
cjfa-37579	38	80	,	,	PUNCT
cjfa-37579	38	81	2020	2020	NUM
cjfa-37579	38	82	)	)	PUNCT
cjfa-37579	38	83	.	.	PUNCT
cjfa-37579	39	1	therefore	therefore	ADV
cjfa-37579	39	2	,	,	PUNCT
cjfa-37579	39	3	as	as	ADP
cjfa-37579	39	4	a	a	DET
cjfa-37579	39	5	result	result	NOUN
cjfa-37579	39	6	of	of	ADP
cjfa-37579	39	7	the	the	DET
cjfa-37579	39	8	foregoing	forego	VERB
cjfa-37579	39	9	problem	problem	NOUN
cjfa-37579	39	10	,	,	PUNCT
cjfa-37579	39	11	it	it	PRON
cjfa-37579	39	12	becomes	become	VERB
cjfa-37579	39	13	imperative	imperative	ADJ
cjfa-37579	39	14	to	to	PART
cjfa-37579	39	15	examine	examine	VERB
cjfa-37579	39	16	how	how	SCONJ
cjfa-37579	39	17	the	the	DET
cjfa-37579	39	18	nse	nse	NOUN
cjfa-37579	39	19	is	be	AUX
cjfa-37579	39	20	responding	respond	VERB
cjfa-37579	39	21	to	to	ADP
cjfa-37579	39	22	the	the	DET
cjfa-37579	39	23	covid-19	covid-19	PROPN
cjfa-37579	39	24	pandemic	pandemic	NOUN
cjfa-37579	39	25	in	in	ADP
cjfa-37579	39	26	the	the	DET
cjfa-37579	39	27	form	form	NOUN
cjfa-37579	39	28	of	of	ADP
cjfa-37579	39	29	risk	risk	NOUN
cjfa-37579	39	30	-	-	PUNCT
cjfa-37579	39	31	return	return	NOUN
cjfa-37579	39	32	relationship	relationship	NOUN
cjfa-37579	39	33	and	and	CCONJ
cjfa-37579	39	34	volatility	volatility	NOUN
cjfa-37579	39	35	(	(	PUNCT
cjfa-37579	39	36	responding	respond	VERB
cjfa-37579	39	37	to	to	ADP
cjfa-37579	39	38	good	good	ADJ
cjfa-37579	39	39	and	and	CCONJ
cjfa-37579	39	40	bad	bad	ADJ
cjfa-37579	39	41	news	news	NOUN
cjfa-37579	39	42	)	)	PUNCT
cjfa-37579	39	43	.	.	PUNCT
cjfa-37579	40	1	the	the	DET
cjfa-37579	40	2	findings	finding	NOUN
cjfa-37579	40	3	of	of	ADP
cjfa-37579	40	4	the	the	DET
cjfa-37579	40	5	study	study	NOUN
cjfa-37579	40	6	will	will	AUX
cjfa-37579	40	7	add	add	VERB
cjfa-37579	40	8	to	to	ADP
cjfa-37579	40	9	existing	exist	VERB
cjfa-37579	40	10	literature	literature	NOUN
cjfa-37579	40	11	especially	especially	ADV
cjfa-37579	40	12	on	on	ADP
cjfa-37579	40	13	the	the	DET
cjfa-37579	40	14	study	study	NOUN
cjfa-37579	40	15	of	of	ADP
cjfa-37579	40	16	covid-19	covid-19	PROPN
cjfa-37579	40	17	and	and	CCONJ
cjfa-37579	40	18	stock	stock	NOUN
cjfa-37579	40	19	market	market	NOUN
cjfa-37579	40	20	performance	performance	NOUN
cjfa-37579	40	21	in	in	ADP
cjfa-37579	40	22	the	the	DET
cjfa-37579	40	23	presence	presence	NOUN
cjfa-37579	40	24	of	of	ADP
cjfa-37579	40	25	policy	policy	NOUN
cjfa-37579	40	26	response	response	NOUN
cjfa-37579	40	27	and	and	CCONJ
cjfa-37579	40	28	implications	implication	NOUN
cjfa-37579	40	29	.	.	PUNCT
cjfa-37579	41	1	the	the	DET
cjfa-37579	41	2	subsequent	subsequent	ADJ
cjfa-37579	41	3	parts	part	NOUN
cjfa-37579	41	4	of	of	ADP
cjfa-37579	41	5	this	this	DET
cjfa-37579	41	6	paper	paper	NOUN
cjfa-37579	41	7	contain	contain	VERB
cjfa-37579	41	8	a	a	DET
cjfa-37579	41	9	literature	literature	NOUN
cjfa-37579	41	10	review	review	NOUN
cjfa-37579	41	11	in	in	ADP
cjfa-37579	41	12	section	section	NOUN
cjfa-37579	41	13	two	two	NUM
cjfa-37579	41	14	.	.	PUNCT
cjfa-37579	42	1	section	section	NOUN
cjfa-37579	42	2	three	three	NUM
cjfa-37579	42	3	presents	present	VERB
cjfa-37579	42	4	the	the	DET
cjfa-37579	42	5	methodology	methodology	NOUN
cjfa-37579	42	6	.	.	PUNCT
cjfa-37579	43	1	results	result	NOUN
cjfa-37579	43	2	and	and	CCONJ
cjfa-37579	43	3	discussion	discussion	NOUN
cjfa-37579	43	4	are	be	AUX
cjfa-37579	43	5	presented	present	VERB
cjfa-37579	43	6	in	in	ADP
cjfa-37579	43	7	section	section	NOUN
cjfa-37579	43	8	four	four	NUM
cjfa-37579	43	9	and	and	CCONJ
cjfa-37579	43	10	section	section	NOUN
cjfa-37579	43	11	five	five	NUM
cjfa-37579	43	12	provides	provide	VERB
cjfa-37579	43	13	the	the	DET
cjfa-37579	43	14	conclusion	conclusion	NOUN
cjfa-37579	43	15	and	and	CCONJ
cjfa-37579	43	16	recommendations	recommendation	NOUN
cjfa-37579	43	17	of	of	ADP
cjfa-37579	43	18	the	the	DET
cjfa-37579	43	19	study	study	NOUN
cjfa-37579	43	20	.	.	PUNCT
cjfa-37579	44	1	literature	literature	NOUN
cjfa-37579	44	2	review	review	VERB
cjfa-37579	44	3	this	this	DET
cjfa-37579	44	4	section	section	NOUN
cjfa-37579	44	5	appraises	appraise	VERB
cjfa-37579	44	6	relevant	relevant	ADJ
cjfa-37579	44	7	pieces	piece	NOUN
cjfa-37579	44	8	of	of	ADP
cjfa-37579	44	9	literature	literature	NOUN
cjfa-37579	44	10	including	include	VERB
cjfa-37579	44	11	the	the	DET
cjfa-37579	44	12	theoretical	theoretical	ADJ
cjfa-37579	44	13	background	background	NOUN
cjfa-37579	44	14	and	and	CCONJ
cjfa-37579	44	15	the	the	DET
cjfa-37579	44	16	empirical	empirical	ADJ
cjfa-37579	44	17	reviews	review	NOUN
cjfa-37579	44	18	.	.	PUNCT
cjfa-37579	45	1	theoretical	theoretical	ADJ
cjfa-37579	45	2	background	background	NOUN
cjfa-37579	45	3	the	the	DET
cjfa-37579	45	4	relationship	relationship	NOUN
cjfa-37579	45	5	between	between	ADP
cjfa-37579	45	6	risk	risk	NOUN
cjfa-37579	45	7	and	and	CCONJ
cjfa-37579	45	8	return	return	NOUN
cjfa-37579	45	9	is	be	AUX
cjfa-37579	45	10	one	one	NUM
cjfa-37579	45	11	fundamental	fundamental	ADJ
cjfa-37579	45	12	concept	concept	NOUN
cjfa-37579	45	13	and	and	CCONJ
cjfa-37579	45	14	practice	practice	NOUN
cjfa-37579	45	15	in	in	ADP
cjfa-37579	45	16	the	the	DET
cjfa-37579	45	17	field	field	NOUN
cjfa-37579	45	18	of	of	ADP
cjfa-37579	45	19	financial	financial	ADJ
cjfa-37579	45	20	economics	economic	NOUN
cjfa-37579	45	21	.	.	PUNCT
cjfa-37579	46	1	the	the	DET
cjfa-37579	46	2	risk	risk	NOUN
cjfa-37579	46	3	-	-	PUNCT
cjfa-37579	46	4	return	return	NOUN
cjfa-37579	46	5	relationship	relationship	NOUN
cjfa-37579	46	6	indicates	indicate	VERB
cjfa-37579	46	7	that	that	SCONJ
cjfa-37579	46	8	an	an	DET
cjfa-37579	46	9	investment	investment	NOUN
cjfa-37579	46	10	with	with	ADP
cjfa-37579	46	11	higher	high	ADJ
cjfa-37579	46	12	risk	risk	NOUN
cjfa-37579	46	13	should	should	AUX
cjfa-37579	46	14	attract	attract	VERB
cjfa-37579	46	15	a	a	DET
cjfa-37579	46	16	higher	high	ADJ
cjfa-37579	46	17	expected	expect	VERB
cjfa-37579	46	18	return	return	NOUN
cjfa-37579	46	19	proportional	proportional	ADJ
cjfa-37579	46	20	to	to	ADP
cjfa-37579	46	21	the	the	DET
cjfa-37579	46	22	risk	risk	NOUN
cjfa-37579	46	23	-	-	PUNCT
cjfa-37579	46	24	free	free	ADJ
cjfa-37579	46	25	return	return	NOUN
cjfa-37579	46	26	.	.	PUNCT
cjfa-37579	47	1	merton	merton	PROPN
cjfa-37579	47	2	(	(	PUNCT
cjfa-37579	47	3	1973	1973	NUM
cjfa-37579	47	4	)	)	PUNCT
cjfa-37579	47	5	posits	posit	NOUN
cjfa-37579	47	6	that	that	SCONJ
cjfa-37579	47	7	the	the	DET
cjfa-37579	47	8	expected	expect	VERB
cjfa-37579	47	9	excess	excess	ADJ
cjfa-37579	47	10	equity	equity	NOUN
cjfa-37579	47	11	market	market	NOUN
cjfa-37579	47	12	return	return	NOUN
cjfa-37579	47	13	is	be	AUX
cjfa-37579	47	14	positively	positively	ADV
cjfa-37579	47	15	related	relate	VERB
cjfa-37579	47	16	to	to	ADP
cjfa-37579	47	17	its	its	PRON
cjfa-37579	47	18	conditional	conditional	ADJ
cjfa-37579	47	19	variance	variance	NOUN
cjfa-37579	47	20	:	:	PUNCT
cjfa-37579	47	21	e(r	e(r	NUM
cjfa-37579	47	22	�	�	NOUN
cjfa-37579	47	23	)	)	PUNCT
cjfa-37579	47	24	=	=	SYM
cjfa-37579	48	1	r	r	VERB
cjfa-37579	48	2	�	�	PROPN
cjfa-37579	48	3	+	+	CCONJ
cjfa-37579	48	4	β	β	PRON
cjfa-37579	48	5	�	�	PROPN
cjfa-37579	48	6	(e(r	(e(r	SYM
cjfa-37579	48	7	�	�	PROPN
cjfa-37579	48	8	)	)	PUNCT
cjfa-37579	48	9	−	−	PROPN
cjfa-37579	48	10	r	r	NOUN
cjfa-37579	48	11	�	�	PROPN
cjfa-37579	48	12	)	)	PUNCT
cjfa-37579	48	13	(	(	PUNCT
cjfa-37579	48	14	1	1	X
cjfa-37579	48	15	)	)	PUNCT
cjfa-37579	48	16	where	where	SCONJ
cjfa-37579	48	17	e(r	e(r	NUM
cjfa-37579	48	18	�	�	NOUN
cjfa-37579	48	19	)	)	PUNCT
cjfa-37579	48	20	represents	represent	VERB
cjfa-37579	48	21	the	the	DET
cjfa-37579	48	22	expected	expect	VERB
cjfa-37579	48	23	return	return	NOUN
cjfa-37579	48	24	on	on	ADP
cjfa-37579	48	25	the	the	DET
cjfa-37579	48	26	asset	asset	NOUN
cjfa-37579	48	27	;	;	PUNCT
cjfa-37579	48	28	r	r	NOUN
cjfa-37579	48	29	�	�	PROPN
cjfa-37579	48	30	represents	represent	VERB
cjfa-37579	48	31	the	the	DET
cjfa-37579	48	32	risk	risk	NOUN
cjfa-37579	48	33	-	-	PUNCT
cjfa-37579	48	34	free	free	ADJ
cjfa-37579	48	35	rate	rate	NOUN
cjfa-37579	48	36	such	such	ADJ
cjfa-37579	48	37	as	as	ADP
cjfa-37579	48	38	coupons	coupon	NOUN
cjfa-37579	48	39	from	from	ADP
cjfa-37579	48	40	government	government	NOUN
cjfa-37579	48	41	bonds	bond	NOUN
cjfa-37579	48	42	;	;	PUNCT
cjfa-37579	48	43	β	β	X
cjfa-37579	48	44	�	�	PROPN
cjfa-37579	48	45	represents	represent	VERB
cjfa-37579	48	46	the	the	DET
cjfa-37579	48	47	sensitivity	sensitivity	NOUN
cjfa-37579	48	48	of	of	ADP
cjfa-37579	48	49	the	the	DET
cjfa-37579	48	50	expected	expect	VERB
cjfa-37579	48	51	excess	excess	ADJ
cjfa-37579	48	52	return	return	NOUN
cjfa-37579	48	53	on	on	ADP
cjfa-37579	48	54	the	the	DET
cjfa-37579	48	55	asset	asset	NOUN
cjfa-37579	48	56	to	to	ADP
cjfa-37579	48	57	the	the	DET
cjfa-37579	48	58	expected	expect	VERB
cjfa-37579	48	59	excess	excess	ADJ
cjfa-37579	48	60	market	market	NOUN
cjfa-37579	48	61	returns	return	NOUN
cjfa-37579	48	62	,	,	PUNCT
cjfa-37579	48	63	can	can	AUX
cjfa-37579	48	64	be	be	AUX
cjfa-37579	48	65	estimated	estimate	VERB
cjfa-37579	48	66	through	through	ADP
cjfa-37579	48	67	,	,	PUNCT
cjfa-37579	48	68	β	β	NOUN
cjfa-37579	48	69	�	�	X
cjfa-37579	48	70	=	=	SYM
cjfa-37579	48	71	(	(	PUNCT
cjfa-37579	48	72	1	1	X
cjfa-37579	48	73	)	)	PUNCT
cjfa-37579	48	74	where	where	SCONJ
cjfa-37579	48	75	e(ri	e(ri	NOUN
cjfa-37579	48	76	)	)	PUNCT
cjfa-37579	48	77	represents	represent	VERB
cjfa-37579	48	78	the	the	DET
cjfa-37579	48	79	expected	expect	VERB
cjfa-37579	48	80	return	return	NOUN
cjfa-37579	48	81	on	on	ADP
cjfa-37579	48	82	the	the	DET
cjfa-37579	48	83	asset	asset	NOUN
cjfa-37579	48	84	;	;	PUNCT
cjfa-37579	48	85	rf	rf	PRON
cjfa-37579	48	86	represents	represent	VERB
cjfa-37579	48	87	the	the	DET
cjfa-37579	48	88	risk	risk	NOUN
cjfa-37579	48	89	-	-	PUNCT
cjfa-37579	48	90	free	free	ADJ
cjfa-37579	48	91	rate	rate	NOUN
cjfa-37579	48	92	such	such	ADJ
cjfa-37579	48	93	as	as	ADP
cjfa-37579	48	94	coupons	coupon	NOUN
cjfa-37579	48	95	from	from	ADP
cjfa-37579	48	96	government	government	NOUN
cjfa-37579	48	97	bonds	bond	NOUN
cjfa-37579	48	98	;	;	PUNCT
cjfa-37579	48	99	βi	βi	PRON
cjfa-37579	48	100	represents	represent	VERB
cjfa-37579	48	101	the	the	DET
cjfa-37579	48	102	sensitivity	sensitivity	NOUN
cjfa-37579	48	103	of	of	ADP
cjfa-37579	48	104	the	the	DET
cjfa-37579	48	105	expected	expect	VERB
cjfa-37579	48	106	excess	excess	ADJ
cjfa-37579	48	107	return	return	NOUN
cjfa-37579	48	108	on	on	ADP
cjfa-37579	48	109	the	the	DET
cjfa-37579	48	110	asset	asset	NOUN
cjfa-37579	48	111	to	to	ADP
cjfa-37579	48	112	the	the	DET
cjfa-37579	48	113	expected	expect	VERB
cjfa-37579	48	114	excess	excess	ADJ
cjfa-37579	48	115	market	market	NOUN
cjfa-37579	48	116	returns	return	NOUN
cjfa-37579	48	117	,	,	PUNCT
cjfa-37579	48	118	can	can	AUX
cjfa-37579	48	119	be	be	AUX
cjfa-37579	48	120	estimated	estimate	VERB
cjfa-37579	48	121	through	through	ADP
cjfa-37579	48	122	,	,	PUNCT
cjfa-37579	48	123	β	β	NOUN
cjfa-37579	48	124	�	�	PROPN
cjfa-37579	48	125	=	=	SYM
cjfa-37579	48	126	�	�	PROPN
cjfa-37579	48	127	�	�	PROPN
cjfa-37579	48	128	�	�	PROPN
cjfa-37579	48	129	(	(	PUNCT
cjfa-37579	48	130	�	�	PROPN
cjfa-37579	48	131	�	�	PROPN
cjfa-37579	48	132	�	�	PROPN
cjfa-37579	48	133	�	�	PROPN
cjfa-37579	48	134	�	�	PROPN
cjfa-37579	48	135	)	)	PUNCT
cjfa-37579	48	136	�	�	PROPN
cjfa-37579	48	137	�	�	PROPN
cjfa-37579	48	138	�	�	PROPN
cjfa-37579	48	139	(	(	PUNCT
cjfa-37579	48	140	�	�	PROPN
cjfa-37579	48	141	�	�	PROPN
cjfa-37579	48	142	)	)	PUNCT
cjfa-37579	48	143	;	;	PUNCT
cjfa-37579	49	1	e(r	e(r	NUM
cjfa-37579	49	2	�	�	NOUN
cjfa-37579	49	3	)	)	PUNCT
cjfa-37579	49	4	represents	represent	VERB
cjfa-37579	49	5	the	the	DET
cjfa-37579	49	6	expected	expect	VERB
cjfa-37579	49	7	return	return	NOUN
cjfa-37579	49	8	of	of	ADP
cjfa-37579	49	9	the	the	DET
cjfa-37579	49	10	market	market	NOUN
cjfa-37579	49	11	;	;	PUNCT
cjfa-37579	49	12	e(r	e(r	NUM
cjfa-37579	49	13	�	�	NOUN
cjfa-37579	49	14	)	)	PUNCT
cjfa-37579	49	15	−	−	NOUN
cjfa-37579	50	1	r	r	NOUN
cjfa-37579	50	2	�	�	PROPN
cjfa-37579	50	3	represents	represent	VERB
cjfa-37579	50	4	the	the	DET
cjfa-37579	50	5	market	market	NOUN
cjfa-37579	50	6	premium	premium	NOUN
cjfa-37579	50	7	.	.	PUNCT
cjfa-37579	51	1	when	when	SCONJ
cjfa-37579	51	2	the	the	DET
cjfa-37579	51	3	rate	rate	NOUN
cjfa-37579	51	4	of	of	ADP
cjfa-37579	51	5	returns	return	NOUN
cjfa-37579	51	6	is	be	AUX
cjfa-37579	51	7	independent	independent	ADJ
cjfa-37579	51	8	and	and	CCONJ
cjfa-37579	51	9	equally	equally	ADV
cjfa-37579	51	10	dispersed	disperse	VERB
cjfa-37579	51	11	,	,	PUNCT
cjfa-37579	51	12	the	the	DET
cjfa-37579	51	13	expected	expect	VERB
cjfa-37579	51	14	risk	risk	NOUN
cjfa-37579	51	15	-	-	PUNCT
cjfa-37579	51	16	return	return	NOUN
cjfa-37579	51	17	relationship	relationship	NOUN
cjfa-37579	51	18	is	be	AUX
cjfa-37579	51	19	positive	positive	ADJ
cjfa-37579	51	20	given	give	VERB
cjfa-37579	51	21	the	the	DET
cjfa-37579	51	22	risk	risk	NOUN
cjfa-37579	51	23	aversion	aversion	NOUN
cjfa-37579	51	24	of	of	ADP
cjfa-37579	51	25	investors	investor	NOUN
cjfa-37579	51	26	.	.	PUNCT
cjfa-37579	52	1	when	when	SCONJ
cjfa-37579	52	2	returns	return	NOUN
cjfa-37579	52	3	are	be	AUX
cjfa-37579	52	4	not	not	PART
cjfa-37579	52	5	independent	independent	ADJ
cjfa-37579	52	6	and	and	CCONJ
cjfa-37579	52	7	equally	equally	ADV
cjfa-37579	52	8	dispersed	disperse	VERB
cjfa-37579	52	9	,	,	PUNCT
cjfa-37579	52	10	the	the	DET
cjfa-37579	52	11	risk	risk	NOUN
cjfa-37579	52	12	-	-	PUNCT
cjfa-37579	52	13	return	return	NOUN
cjfa-37579	52	14	relationship	relationship	NOUN
cjfa-37579	52	15	will	will	AUX
cjfa-37579	52	16	include	include	VERB
cjfa-37579	52	17	additional	additional	ADJ
cjfa-37579	52	18	terms	term	NOUN
cjfa-37579	52	19	to	to	PART
cjfa-37579	52	20	recognise	recognise	VERB
cjfa-37579	52	21	the	the	DET
cjfa-37579	52	22	hedging	hedge	VERB
cjfa-37579	52	23	behaviour	behaviour	NOUN
cjfa-37579	52	24	of	of	ADP
cjfa-37579	52	25	investors	investor	NOUN
cjfa-37579	52	26	(	(	PUNCT
cjfa-37579	52	27	merton	merton	PROPN
cjfa-37579	52	28	,	,	PUNCT
cjfa-37579	52	29	1973	1973	NUM
cjfa-37579	52	30	)	)	PUNCT
cjfa-37579	52	31	.	.	PUNCT
cjfa-37579	53	1	empirical	empirical	ADJ
cjfa-37579	53	2	viewpoint	viewpoint	NOUN
cjfa-37579	53	3	has	have	AUX
cjfa-37579	53	4	been	be	AUX
cjfa-37579	53	5	found	find	VERB
cjfa-37579	53	6	in	in	ADP
cjfa-37579	53	7	both	both	CCONJ
cjfa-37579	53	8	positive	positive	ADJ
cjfa-37579	53	9	and	and	CCONJ
cjfa-37579	53	10	negative	negative	ADJ
cjfa-37579	53	11	relationships	relationship	NOUN
cjfa-37579	53	12	between	between	ADP
cjfa-37579	53	13	return	return	NOUN
cjfa-37579	53	14	and	and	CCONJ
cjfa-37579	53	15	risk	risk	NOUN
cjfa-37579	53	16	(	(	PUNCT
cjfa-37579	53	17	guo	guo	PROPN
cjfa-37579	53	18	&	&	CCONJ
cjfa-37579	53	19	whitelaw	whitelaw	PROPN
cjfa-37579	53	20	,	,	PUNCT
cjfa-37579	53	21	2006	2006	NUM
cjfa-37579	53	22	;	;	PUNCT
cjfa-37579	53	23	leon	leon	PROPN
cjfa-37579	53	24	,	,	PUNCT
cjfa-37579	53	25	nave	nave	PROPN
cjfa-37579	53	26	&	&	CCONJ
cjfa-37579	53	27	rubio	rubio	PROPN
cjfa-37579	53	28	,	,	PUNCT
cjfa-37579	53	29	2007	2007	NUM
cjfa-37579	53	30	;	;	PUNCT
cjfa-37579	53	31	lettau	lettau	PROPN
cjfa-37579	53	32	&	&	CCONJ
cjfa-37579	53	33	ludvigson	ludvigson	PROPN
cjfa-37579	53	34	,	,	PUNCT
cjfa-37579	53	35	2003	2003	NUM
cjfa-37579	53	36	;	;	PUNCT
cjfa-37579	53	37	nelson	nelson	PROPN
cjfa-37579	53	38	,	,	PUNCT
cjfa-37579	53	39	1991	1991	NUM
cjfa-37579	53	40	;	;	PUNCT
cjfa-37579	53	41	raputsoane	raputsoane	NOUN
cjfa-37579	53	42	,	,	PUNCT
cjfa-37579	53	43	2009	2009	NUM
cjfa-37579	53	44	)	)	PUNCT
cjfa-37579	53	45	.	.	PUNCT
cjfa-37579	54	1	empirical	empirical	ADJ
cjfa-37579	54	2	review	review	VERB
cjfa-37579	54	3	the	the	DET
cjfa-37579	54	4	risk	risk	NOUN
cjfa-37579	54	5	-	-	PUNCT
cjfa-37579	54	6	return	return	NOUN
cjfa-37579	54	7	relationship	relationship	NOUN
cjfa-37579	54	8	on	on	ADP
cjfa-37579	54	9	stock	stock	NOUN
cjfa-37579	54	10	returns	return	NOUN
cjfa-37579	54	11	has	have	AUX
cjfa-37579	54	12	been	be	AUX
cjfa-37579	54	13	a	a	DET
cjfa-37579	54	14	major	major	ADJ
cjfa-37579	54	15	area	area	NOUN
cjfa-37579	54	16	of	of	ADP
cjfa-37579	54	17	research	research	NOUN
cjfa-37579	54	18	and	and	CCONJ
cjfa-37579	54	19	studies	study	NOUN
cjfa-37579	54	20	had	have	AUX
cjfa-37579	54	21	been	be	AUX
cjfa-37579	54	22	conducted	conduct	VERB
cjfa-37579	54	23	such	such	ADJ
cjfa-37579	54	24	as	as	ADP
cjfa-37579	54	25	nageri	nageri	ADJ
cjfa-37579	54	26	(	(	PUNCT
cjfa-37579	54	27	2019a	2019a	NUM
cjfa-37579	54	28	)	)	PUNCT
cjfa-37579	54	29	,	,	PUNCT
cjfa-37579	54	30	coffie	coffie	NOUN
cjfa-37579	54	31	(	(	PUNCT
cjfa-37579	54	32	2015	2015	NUM
cjfa-37579	54	33	)	)	PUNCT
cjfa-37579	54	34	,	,	PUNCT
cjfa-37579	54	35	alade	alade	PROPN
cjfa-37579	54	36	,	,	PUNCT
cjfa-37579	54	37	adeusi	adeusi	NOUN
cjfa-37579	54	38	and	and	CCONJ
cjfa-37579	54	39	alade	alade	NOUN
cjfa-37579	54	40	(	(	PUNCT
cjfa-37579	54	41	2020	2020	NUM
cjfa-37579	54	42	)	)	PUNCT
cjfa-37579	54	43	,	,	PUNCT
cjfa-37579	54	44	ashraf	ashraf	PROPN
cjfa-37579	54	45	(	(	PUNCT
cjfa-37579	54	46	2020	2020	NUM
cjfa-37579	54	47	)	)	PUNCT
cjfa-37579	54	48	,	,	PUNCT
cjfa-37579	54	49	salisu	salisu	ADJ
cjfa-37579	54	50	and	and	CCONJ
cjfa-37579	54	51	vo	vo	X
cjfa-37579	54	52	(	(	PUNCT
cjfa-37579	54	53	2020	2020	NUM
cjfa-37579	54	54	)	)	PUNCT
cjfa-37579	54	55	,	,	PUNCT
cjfa-37579	54	56	azimli	azimli	ADV
cjfa-37579	54	57	(	(	PUNCT
cjfa-37579	54	58	2020	2020	NUM
cjfa-37579	54	59	)	)	PUNCT
cjfa-37579	54	60	,	,	PUNCT
cjfa-37579	54	61	among	among	ADP
cjfa-37579	54	62	others	other	NOUN
cjfa-37579	54	63	.	.	PUNCT
cjfa-37579	55	1	ashraf	ashraf	PROPN
cjfa-37579	55	2	(	(	PUNCT
cjfa-37579	55	3	2020	2020	NUM
cjfa-37579	55	4	)	)	PUNCT
cjfa-37579	55	5	examined	examine	VERB
cjfa-37579	55	6	the	the	DET
cjfa-37579	55	7	stock	stock	NOUN
cjfa-37579	55	8	markets	market	NOUN
cjfa-37579	55	9	’	'	PUNCT
cjfa-37579	55	10	response	response	NOUN
cjfa-37579	55	11	to	to	ADP
cjfa-37579	55	12	the	the	DET
cjfa-37579	55	13	covid-19	covid-19	PROPN
cjfa-37579	55	14	pandemic	pandemic	NOUN
cjfa-37579	55	15	in	in	ADP
cjfa-37579	55	16	64	64	NUM
cjfa-37579	55	17	countries	country	NOUN
cjfa-37579	55	18	between	between	ADP
cjfa-37579	55	19	the	the	DET
cjfa-37579	55	20	period	period	NOUN
cjfa-37579	55	21	january	january	PROPN
cjfa-37579	55	22	22	22	NUM
cjfa-37579	55	23	,	,	PUNCT
cjfa-37579	55	24	2020	2020	NUM
cjfa-37579	55	25	,	,	PUNCT
cjfa-37579	55	26	to	to	ADP
cjfa-37579	55	27	april	april	PROPN
cjfa-37579	55	28	17	17	NUM
cjfa-37579	55	29	,	,	PUNCT
cjfa-37579	55	30	2020	2020	NUM
cjfa-37579	55	31	,	,	PUNCT
cjfa-37579	55	32	employed	employ	VERB
cjfa-37579	55	33	panel	panel	NOUN
cjfa-37579	55	34	data	datum	NOUN
cjfa-37579	55	35	regression	regression	NOUN
cjfa-37579	55	36	analysis	analysis	NOUN
cjfa-37579	55	37	technique	technique	NOUN
cjfa-37579	55	38	and	and	CCONJ
cjfa-37579	55	39	the	the	DET
cjfa-37579	55	40	finding	finding	NOUN
cjfa-37579	55	41	suggests	suggest	VERB
cjfa-37579	55	42	a	a	DET
cjfa-37579	55	43	strong	strong	ADJ
cjfa-37579	55	44	negative	negative	ADJ
cjfa-37579	55	45	market	market	NOUN
cjfa-37579	55	46	reaction	reaction	NOUN
cjfa-37579	55	47	throughout	throughout	ADP
cjfa-37579	55	48	the	the	DET
cjfa-37579	55	49	early	early	ADJ
cjfa-37579	55	50	days	day	NOUN
cjfa-37579	55	51	of	of	ADP
cjfa-37579	55	52	confirmed	confirm	VERB
cjfa-37579	55	53	cases	case	NOUN
cjfa-37579	55	54	of	of	ADP
cjfa-37579	55	55	covid-19	covid-19	PROPN
cjfa-37579	55	56	and	and	CCONJ
cjfa-37579	55	57	later	later	ADV
cjfa-37579	55	58	between	between	ADP
cjfa-37579	55	59	40	40	NUM
cjfa-37579	55	60	to	to	PART
cjfa-37579	55	61	60	60	NUM
cjfa-37579	55	62	days	day	NOUN
cjfa-37579	55	63	after	after	ADP
cjfa-37579	55	64	the	the	DET
cjfa-37579	55	65	initial	initial	ADJ
cjfa-37579	55	66	confirmed	confirm	VERB
cjfa-37579	55	67	cases	case	NOUN
cjfa-37579	55	68	of	of	ADP
cjfa-37579	55	69	covid-19	covid-19	PROPN
cjfa-37579	55	70	.	.	PROPN
cjfa-37579	56	1	salisu	salisu	PROPN
cjfa-37579	56	2	and	and	CCONJ
cjfa-37579	56	3	vo	vo	X
cjfa-37579	56	4	(	(	PUNCT
cjfa-37579	56	5	2020	2020	NUM
cjfa-37579	56	6	)	)	PUNCT
cjfa-37579	56	7	evaluate	evaluate	VERB
cjfa-37579	56	8	the	the	DET
cjfa-37579	56	9	relevance	relevance	NOUN
cjfa-37579	56	10	of	of	ADP
cjfa-37579	56	11	health	health	NOUN
cjfa-37579	56	12	news	news	NOUN
cjfa-37579	56	13	on	on	ADP
cjfa-37579	56	14	the	the	DET
cjfa-37579	56	15	predictability	predictability	NOUN
cjfa-37579	56	16	of	of	ADP
cjfa-37579	56	17	stock	stock	NOUN
cjfa-37579	56	18	returns	return	NOUN
cjfa-37579	56	19	,	,	PUNCT
cjfa-37579	56	20	using	use	VERB
cjfa-37579	56	21	a	a	DET
cjfa-37579	56	22	panel	panel	NOUN
cjfa-37579	56	23	data	datum	NOUN
cjfa-37579	56	24	regression	regression	NOUN
cjfa-37579	56	25	model	model	NOUN
cjfa-37579	56	26	with	with	ADP
cjfa-37579	56	27	data	datum	NOUN
cjfa-37579	56	28	of	of	ADP
cjfa-37579	56	29	20	20	NUM
cjfa-37579	56	30	top	top	ADV
cjfa-37579	56	31	-	-	PUNCT
cjfa-37579	56	32	worst	worst	ADV
cjfa-37579	56	33	-	-	PUNCT
cjfa-37579	56	34	hit	hit	VERB
cjfa-37579	56	35	countries	country	NOUN
cjfa-37579	56	36	in	in	ADP
cjfa-37579	56	37	terms	term	NOUN
cjfa-37579	56	38	of	of	ADP
cjfa-37579	56	39	reported	report	VERB
cjfa-37579	56	40	covid-19	covid-19	PROPN
cjfa-37579	56	41	cases	case	NOUN
cjfa-37579	56	42	and	and	CCONJ
cjfa-37579	56	43	deaths	death	NOUN
cjfa-37579	56	44	.	.	PUNCT
cjfa-37579	57	1	the	the	DET
cjfa-37579	57	2	result	result	NOUN
cjfa-37579	57	3	shows	show	VERB
cjfa-37579	57	4	that	that	SCONJ
cjfa-37579	57	5	health	health	NOUN
cjfa-37579	57	6	news	news	NOUN
cjfa-37579	57	7	is	be	AUX
cjfa-37579	57	8	significant	significant	ADJ
cjfa-37579	57	9	when	when	SCONJ
cjfa-37579	57	10	predicting	predict	VERB
cjfa-37579	57	11	stock	stock	NOUN
cjfa-37579	57	12	return	return	NOUN
cjfa-37579	57	13	during	during	ADP
cjfa-37579	57	14	covid-19	covid-19	PROPN
cjfa-37579	57	15	pandemic	pandemic	NOUN
cjfa-37579	57	16	.	.	PUNCT
cjfa-37579	58	1	azimli	azimli	PROPN
cjfa-37579	58	2	(	(	PUNCT
cjfa-37579	58	3	2020	2020	NUM
cjfa-37579	58	4	)	)	PUNCT
cjfa-37579	58	5	examines	examine	VERB
cjfa-37579	58	6	the	the	DET
cjfa-37579	58	7	impact	impact	NOUN
cjfa-37579	58	8	of	of	ADP
cjfa-37579	58	9	covid-19	covid-19	PROPN
cjfa-37579	58	10	on	on	ADP
cjfa-37579	58	11	risk	risk	NOUN
cjfa-37579	58	12	-	-	PUNCT
cjfa-37579	58	13	return	return	NOUN
cjfa-37579	58	14	dependence	dependence	NOUN
cjfa-37579	58	15	in	in	ADP
cjfa-37579	58	16	the	the	DET
cjfa-37579	58	17	united	united	PROPN
cjfa-37579	58	18	states	states	PROPN
cjfa-37579	58	19	of	of	ADP
cjfa-37579	58	20	america	america	PROPN
cjfa-37579	58	21	.	.	PUNCT
cjfa-37579	59	1	the	the	DET
cjfa-37579	59	2	quantile	quantile	ADJ
cjfa-37579	59	3	regression	regression	NOUN
cjfa-37579	59	4	result	result	NOUN
cjfa-37579	59	5	indicates	indicate	VERB
cjfa-37579	59	6	that	that	SCONJ
cjfa-37579	59	7	sectoral	sectoral	ADJ
cjfa-37579	59	8	returns	return	NOUN
cjfa-37579	59	9	have	have	VERB
cjfa-37579	59	10	an	an	DET
cjfa-37579	59	11	asymmetric	asymmetric	ADJ
cjfa-37579	59	12	dependence	dependence	NOUN
cjfa-37579	59	13	structure	structure	NOUN
cjfa-37579	59	14	with	with	ADP
cjfa-37579	59	15	the	the	DET
cjfa-37579	59	16	market	market	NOUN
cjfa-37579	59	17	portfolio	portfolio	NOUN
cjfa-37579	59	18	.	.	PUNCT
cjfa-37579	60	1	alade	alade	PROPN
cjfa-37579	60	2	et	et	PROPN
cjfa-37579	60	3	al	al	PROPN
cjfa-37579	60	4	.	.	PROPN
cjfa-37579	61	1	(	(	PUNCT
cjfa-37579	61	2	2020	2020	NUM
cjfa-37579	61	3	)	)	PUNCT
cjfa-37579	61	4	investigates	investigate	VERB
cjfa-37579	61	5	the	the	DET
cjfa-37579	61	6	connection	connection	NOUN
cjfa-37579	61	7	between	between	ADP
cjfa-37579	61	8	covid-19	covid-19	PROPN
cjfa-37579	61	9	confirmed	confirm	VERB
cjfa-37579	61	10	cases	case	NOUN
cjfa-37579	61	11	and	and	CCONJ
cjfa-37579	61	12	nigerian	nigerian	ADJ
cjfa-37579	61	13	stock	stock	NOUN
cjfa-37579	61	14	market	market	NOUN
cjfa-37579	61	15	capitalization	capitalization	NOUN
cjfa-37579	61	16	used	use	VERB
cjfa-37579	61	17	the	the	DET
cjfa-37579	61	18	vector	vector	NOUN
cjfa-37579	61	19	regression	regression	NOUN
cjfa-37579	61	20	model	model	NOUN
cjfa-37579	61	21	and	and	CCONJ
cjfa-37579	61	22	finds	find	VERB
cjfa-37579	61	23	that	that	SCONJ
cjfa-37579	61	24	confirmed	confirm	VERB
cjfa-37579	61	25	cases	case	NOUN
cjfa-37579	61	26	of	of	ADP
cjfa-37579	61	27	covid-19	covid-19	PROPN
cjfa-37579	61	28	have	have	VERB
cjfa-37579	61	29	a	a	DET
cjfa-37579	61	30	mixed	mixed	ADJ
cjfa-37579	61	31	association	association	NOUN
cjfa-37579	61	32	,	,	PUNCT
cjfa-37579	61	33	which	which	PRON
cjfa-37579	61	34	is	be	AUX
cjfa-37579	61	35	a	a	DET
cjfa-37579	61	36	negative	negative	ADJ
cjfa-37579	61	37	but	but	CCONJ
cjfa-37579	61	38	statistically	statistically	ADV
cjfa-37579	61	39	insignificant	insignificant	ADJ
cjfa-37579	61	40	relationship	relationship	NOUN
cjfa-37579	61	41	to	to	ADP
cjfa-37579	61	42	the	the	DET
cjfa-37579	61	43	nigerian	nigerian	ADJ
cjfa-37579	61	44	stock	stock	NOUN
cjfa-37579	61	45	market	market	NOUN
cjfa-37579	61	46	equity	equity	NOUN
cjfa-37579	61	47	capitalization	capitalization	NOUN
cjfa-37579	61	48	.	.	PUNCT
cjfa-37579	62	1	nageri	nageri	PROPN
cjfa-37579	62	2	(	(	PUNCT
cjfa-37579	62	3	2019a	2019a	NUM
cjfa-37579	62	4	)	)	PUNCT
cjfa-37579	62	5	evaluates	evaluate	VERB
cjfa-37579	62	6	positive	positive	ADJ
cjfa-37579	62	7	and	and	CCONJ
cjfa-37579	62	8	negative	negative	ADJ
cjfa-37579	62	9	news	news	NOUN
cjfa-37579	62	10	on	on	ADP
cjfa-37579	62	11	the	the	DET
cjfa-37579	62	12	nigerian	nigerian	ADJ
cjfa-37579	62	13	stock	stock	NOUN
cjfa-37579	62	14	market	market	NOUN
cjfa-37579	62	15	before	before	ADP
cjfa-37579	62	16	and	and	CCONJ
cjfa-37579	62	17	after	after	ADP
cjfa-37579	62	18	the	the	DET
cjfa-37579	62	19	2018/19	2018/19	NUM
cjfa-37579	62	20	financial	financial	ADJ
cjfa-37579	62	21	meltdown	meltdown	NOUN
cjfa-37579	62	22	,	,	PUNCT
cjfa-37579	62	23	employed	employ	VERB
cjfa-37579	62	24	garch	garch	NOUN
cjfa-37579	62	25	variant	variant	NOUN
cjfa-37579	62	26	models	model	NOUN
cjfa-37579	62	27	of	of	ADP
cjfa-37579	62	28	tgarch	tgarch	NOUN
cjfa-37579	62	29	,	,	PUNCT
cjfa-37579	62	30	egarch	egarch	NOUN
cjfa-37579	62	31	and	and	CCONJ
cjfa-37579	62	32	;	;	PUNCT
cjfa-37579	62	33	e(rm	e(rm	NOUN
cjfa-37579	62	34	)	)	PUNCT
cjfa-37579	62	35	represents	represent	VERB
cjfa-37579	62	36	the	the	DET
cjfa-37579	62	37	exkamaldeen	exkamaldeen	ADJ
cjfa-37579	62	38	ibraheem	ibraheem	ADJ
cjfa-37579	62	39	nageri100	nageri100	PROPN
cjfa-37579	62	40	pected	pected	ADJ
cjfa-37579	62	41	return	return	NOUN
cjfa-37579	62	42	of	of	ADP
cjfa-37579	62	43	the	the	DET
cjfa-37579	62	44	market	market	NOUN
cjfa-37579	62	45	;	;	PUNCT
cjfa-37579	62	46	e(rm	e(rm	NOUN
cjfa-37579	62	47	)	)	PUNCT
cjfa-37579	62	48	–	–	PUNCT
cjfa-37579	62	49	rf	rf	VERB
cjfa-37579	62	50	represents	represent	VERB
cjfa-37579	62	51	the	the	DET
cjfa-37579	62	52	market	market	NOUN
cjfa-37579	62	53	premium	premium	NOUN
cjfa-37579	62	54	.	.	PUNCT
cjfa-37579	63	1	when	when	SCONJ
cjfa-37579	63	2	the	the	DET
cjfa-37579	63	3	rate	rate	NOUN
cjfa-37579	63	4	of	of	ADP
cjfa-37579	63	5	returns	return	NOUN
cjfa-37579	63	6	is	be	AUX
cjfa-37579	63	7	independent	independent	ADJ
cjfa-37579	63	8	and	and	CCONJ
cjfa-37579	63	9	equally	equally	ADV
cjfa-37579	63	10	dispersed	disperse	VERB
cjfa-37579	63	11	,	,	PUNCT
cjfa-37579	63	12	the	the	DET
cjfa-37579	63	13	expected	expect	VERB
cjfa-37579	63	14	riskreturn	riskreturn	NOUN
cjfa-37579	63	15	relationship	relationship	NOUN
cjfa-37579	63	16	is	be	AUX
cjfa-37579	63	17	positive	positive	ADJ
cjfa-37579	63	18	given	give	VERB
cjfa-37579	63	19	the	the	DET
cjfa-37579	63	20	risk	risk	NOUN
cjfa-37579	63	21	aversion	aversion	NOUN
cjfa-37579	63	22	of	of	ADP
cjfa-37579	63	23	investors	investor	NOUN
cjfa-37579	63	24	.	.	PUNCT
cjfa-37579	64	1	when	when	SCONJ
cjfa-37579	64	2	returns	return	NOUN
cjfa-37579	64	3	are	be	AUX
cjfa-37579	64	4	not	not	PART
cjfa-37579	64	5	independent	independent	ADJ
cjfa-37579	64	6	and	and	CCONJ
cjfa-37579	64	7	equally	equally	ADV
cjfa-37579	64	8	dispersed	disperse	VERB
cjfa-37579	64	9	,	,	PUNCT
cjfa-37579	64	10	the	the	DET
cjfa-37579	64	11	risk	risk	NOUN
cjfa-37579	64	12	-	-	PUNCT
cjfa-37579	64	13	return	return	NOUN
cjfa-37579	64	14	relationship	relationship	NOUN
cjfa-37579	64	15	will	will	AUX
cjfa-37579	64	16	include	include	VERB
cjfa-37579	64	17	additional	additional	ADJ
cjfa-37579	64	18	terms	term	NOUN
cjfa-37579	64	19	to	to	PART
cjfa-37579	64	20	recognise	recognise	VERB
cjfa-37579	64	21	the	the	DET
cjfa-37579	64	22	hedging	hedge	VERB
cjfa-37579	64	23	behaviour	behaviour	NOUN
cjfa-37579	64	24	of	of	ADP
cjfa-37579	64	25	investors	investor	NOUN
cjfa-37579	64	26	(	(	PUNCT
cjfa-37579	64	27	merton	merton	PROPN
cjfa-37579	64	28	,	,	PUNCT
cjfa-37579	64	29	1973	1973	NUM
cjfa-37579	64	30	)	)	PUNCT
cjfa-37579	64	31	.	.	PUNCT
cjfa-37579	65	1	empirical	empirical	ADJ
cjfa-37579	65	2	viewpoint	viewpoint	NOUN
cjfa-37579	65	3	has	have	AUX
cjfa-37579	65	4	been	be	AUX
cjfa-37579	65	5	found	find	VERB
cjfa-37579	65	6	in	in	ADP
cjfa-37579	65	7	both	both	CCONJ
cjfa-37579	65	8	positive	positive	ADJ
cjfa-37579	65	9	and	and	CCONJ
cjfa-37579	65	10	negative	negative	ADJ
cjfa-37579	65	11	relationships	relationship	NOUN
cjfa-37579	65	12	between	between	ADP
cjfa-37579	65	13	return	return	NOUN
cjfa-37579	65	14	and	and	CCONJ
cjfa-37579	65	15	risk	risk	NOUN
cjfa-37579	65	16	(	(	PUNCT
cjfa-37579	65	17	guo	guo	PROPN
cjfa-37579	65	18	&	&	CCONJ
cjfa-37579	65	19	whitelaw	whitelaw	PROPN
cjfa-37579	65	20	,	,	PUNCT
cjfa-37579	65	21	2006	2006	NUM
cjfa-37579	65	22	;	;	PUNCT
cjfa-37579	65	23	leon	leon	PROPN
cjfa-37579	65	24	,	,	PUNCT
cjfa-37579	65	25	nave	nave	PROPN
cjfa-37579	65	26	&	&	CCONJ
cjfa-37579	65	27	rubio	rubio	PROPN
cjfa-37579	65	28	,	,	PUNCT
cjfa-37579	65	29	2007	2007	NUM
cjfa-37579	65	30	;	;	PUNCT
cjfa-37579	65	31	lettau	lettau	PROPN
cjfa-37579	65	32	&	&	CCONJ
cjfa-37579	65	33	ludvigson	ludvigson	PROPN
cjfa-37579	65	34	,	,	PUNCT
cjfa-37579	65	35	2003	2003	NUM
cjfa-37579	65	36	;	;	PUNCT
cjfa-37579	65	37	nelson	nelson	PROPN
cjfa-37579	65	38	,	,	PUNCT
cjfa-37579	65	39	1991	1991	NUM
cjfa-37579	65	40	;	;	PUNCT
cjfa-37579	65	41	raputsoane	raputsoane	NOUN
cjfa-37579	65	42	,	,	PUNCT
cjfa-37579	65	43	2009	2009	NUM
cjfa-37579	65	44	)	)	PUNCT
cjfa-37579	65	45	.	.	PUNCT
cjfa-37579	66	1	empirical	empirical	ADJ
cjfa-37579	66	2	review	review	VERB
cjfa-37579	66	3	the	the	DET
cjfa-37579	66	4	risk	risk	NOUN
cjfa-37579	66	5	-	-	PUNCT
cjfa-37579	66	6	return	return	NOUN
cjfa-37579	66	7	relationship	relationship	NOUN
cjfa-37579	66	8	on	on	ADP
cjfa-37579	66	9	stock	stock	NOUN
cjfa-37579	66	10	returns	return	NOUN
cjfa-37579	66	11	has	have	AUX
cjfa-37579	66	12	been	be	AUX
cjfa-37579	66	13	a	a	DET
cjfa-37579	66	14	major	major	ADJ
cjfa-37579	66	15	area	area	NOUN
cjfa-37579	66	16	of	of	ADP
cjfa-37579	66	17	research	research	NOUN
cjfa-37579	66	18	and	and	CCONJ
cjfa-37579	66	19	studies	study	NOUN
cjfa-37579	66	20	had	have	AUX
cjfa-37579	66	21	been	be	AUX
cjfa-37579	66	22	conducted	conduct	VERB
cjfa-37579	66	23	such	such	ADJ
cjfa-37579	66	24	as	as	ADP
cjfa-37579	66	25	nageri	nageri	ADJ
cjfa-37579	66	26	(	(	PUNCT
cjfa-37579	66	27	2019a	2019a	NUM
cjfa-37579	66	28	)	)	PUNCT
cjfa-37579	66	29	,	,	PUNCT
cjfa-37579	66	30	coffie	coffie	NOUN
cjfa-37579	66	31	(	(	PUNCT
cjfa-37579	66	32	2015	2015	NUM
cjfa-37579	66	33	)	)	PUNCT
cjfa-37579	66	34	,	,	PUNCT
cjfa-37579	66	35	alade	alade	PROPN
cjfa-37579	66	36	,	,	PUNCT
cjfa-37579	66	37	adeusi	adeusi	NOUN
cjfa-37579	66	38	and	and	CCONJ
cjfa-37579	66	39	alade	alade	NOUN
cjfa-37579	66	40	(	(	PUNCT
cjfa-37579	66	41	2020	2020	NUM
cjfa-37579	66	42	)	)	PUNCT
cjfa-37579	66	43	,	,	PUNCT
cjfa-37579	66	44	ashraf	ashraf	PROPN
cjfa-37579	66	45	(	(	PUNCT
cjfa-37579	66	46	2020	2020	NUM
cjfa-37579	66	47	)	)	PUNCT
cjfa-37579	66	48	,	,	PUNCT
cjfa-37579	66	49	salisu	salisu	ADJ
cjfa-37579	66	50	and	and	CCONJ
cjfa-37579	66	51	vo	vo	X
cjfa-37579	66	52	(	(	PUNCT
cjfa-37579	66	53	2020	2020	NUM
cjfa-37579	66	54	)	)	PUNCT
cjfa-37579	66	55	,	,	PUNCT
cjfa-37579	66	56	azimli	azimli	ADV
cjfa-37579	66	57	(	(	PUNCT
cjfa-37579	66	58	2020	2020	NUM
cjfa-37579	66	59	)	)	PUNCT
cjfa-37579	66	60	,	,	PUNCT
cjfa-37579	66	61	among	among	ADP
cjfa-37579	66	62	others	other	NOUN
cjfa-37579	66	63	.	.	PUNCT
cjfa-37579	67	1	ashraf	ashraf	PROPN
cjfa-37579	67	2	(	(	PUNCT
cjfa-37579	67	3	2020	2020	NUM
cjfa-37579	67	4	)	)	PUNCT
cjfa-37579	67	5	examined	examine	VERB
cjfa-37579	67	6	the	the	DET
cjfa-37579	67	7	stock	stock	NOUN
cjfa-37579	67	8	markets	market	NOUN
cjfa-37579	67	9	’	'	PUNCT
cjfa-37579	67	10	response	response	NOUN
cjfa-37579	67	11	to	to	ADP
cjfa-37579	67	12	the	the	DET
cjfa-37579	67	13	covid-19	covid-19	PROPN
cjfa-37579	67	14	pandemic	pandemic	NOUN
cjfa-37579	67	15	in	in	ADP
cjfa-37579	67	16	64	64	NUM
cjfa-37579	67	17	countries	country	NOUN
cjfa-37579	67	18	between	between	ADP
cjfa-37579	67	19	the	the	DET
cjfa-37579	67	20	period	period	NOUN
cjfa-37579	67	21	january	january	PROPN
cjfa-37579	67	22	22	22	NUM
cjfa-37579	67	23	,	,	PUNCT
cjfa-37579	67	24	2020	2020	NUM
cjfa-37579	67	25	,	,	PUNCT
cjfa-37579	67	26	to	to	ADP
cjfa-37579	67	27	april	april	PROPN
cjfa-37579	67	28	17	17	NUM
cjfa-37579	67	29	,	,	PUNCT
cjfa-37579	67	30	2020	2020	NUM
cjfa-37579	67	31	,	,	PUNCT
cjfa-37579	67	32	employed	employ	VERB
cjfa-37579	67	33	panel	panel	NOUN
cjfa-37579	67	34	data	datum	NOUN
cjfa-37579	67	35	regression	regression	NOUN
cjfa-37579	67	36	analysis	analysis	NOUN
cjfa-37579	67	37	technique	technique	NOUN
cjfa-37579	67	38	and	and	CCONJ
cjfa-37579	67	39	the	the	DET
cjfa-37579	67	40	finding	finding	NOUN
cjfa-37579	67	41	suggests	suggest	VERB
cjfa-37579	67	42	a	a	DET
cjfa-37579	67	43	strong	strong	ADJ
cjfa-37579	67	44	negative	negative	ADJ
cjfa-37579	67	45	market	market	NOUN
cjfa-37579	67	46	reaction	reaction	NOUN
cjfa-37579	67	47	throughout	throughout	ADP
cjfa-37579	67	48	the	the	DET
cjfa-37579	67	49	early	early	ADJ
cjfa-37579	67	50	days	day	NOUN
cjfa-37579	67	51	of	of	ADP
cjfa-37579	67	52	confirmed	confirm	VERB
cjfa-37579	67	53	cases	case	NOUN
cjfa-37579	67	54	of	of	ADP
cjfa-37579	67	55	covid-19	covid-19	PROPN
cjfa-37579	67	56	and	and	CCONJ
cjfa-37579	67	57	later	later	ADV
cjfa-37579	67	58	between	between	ADP
cjfa-37579	67	59	40	40	NUM
cjfa-37579	67	60	to	to	PART
cjfa-37579	67	61	60	60	NUM
cjfa-37579	67	62	days	day	NOUN
cjfa-37579	67	63	after	after	ADP
cjfa-37579	67	64	the	the	DET
cjfa-37579	67	65	initial	initial	ADJ
cjfa-37579	67	66	confirmed	confirm	VERB
cjfa-37579	67	67	cases	case	NOUN
cjfa-37579	67	68	of	of	ADP
cjfa-37579	67	69	covid-19	covid-19	PROPN
cjfa-37579	67	70	.	.	PROPN
cjfa-37579	68	1	salisu	salisu	PROPN
cjfa-37579	68	2	and	and	CCONJ
cjfa-37579	68	3	vo	vo	X
cjfa-37579	68	4	(	(	PUNCT
cjfa-37579	68	5	2020	2020	NUM
cjfa-37579	68	6	)	)	PUNCT
cjfa-37579	68	7	evaluate	evaluate	VERB
cjfa-37579	68	8	the	the	DET
cjfa-37579	68	9	relevance	relevance	NOUN
cjfa-37579	68	10	of	of	ADP
cjfa-37579	68	11	health	health	NOUN
cjfa-37579	68	12	news	news	NOUN
cjfa-37579	68	13	on	on	ADP
cjfa-37579	68	14	the	the	DET
cjfa-37579	68	15	predictability	predictability	NOUN
cjfa-37579	68	16	of	of	ADP
cjfa-37579	68	17	stock	stock	NOUN
cjfa-37579	68	18	returns	return	NOUN
cjfa-37579	68	19	,	,	PUNCT
cjfa-37579	68	20	using	use	VERB
cjfa-37579	68	21	a	a	DET
cjfa-37579	68	22	panel	panel	NOUN
cjfa-37579	68	23	data	datum	NOUN
cjfa-37579	68	24	regression	regression	NOUN
cjfa-37579	68	25	model	model	NOUN
cjfa-37579	68	26	with	with	ADP
cjfa-37579	68	27	data	datum	NOUN
cjfa-37579	68	28	of	of	ADP
cjfa-37579	68	29	20	20	NUM
cjfa-37579	68	30	topworst	topworst	ADV
cjfa-37579	68	31	-	-	PUNCT
cjfa-37579	68	32	hit	hit	VERB
cjfa-37579	68	33	countries	country	NOUN
cjfa-37579	68	34	in	in	ADP
cjfa-37579	68	35	terms	term	NOUN
cjfa-37579	68	36	of	of	ADP
cjfa-37579	68	37	reported	report	VERB
cjfa-37579	68	38	covid-19	covid-19	PROPN
cjfa-37579	68	39	cases	case	NOUN
cjfa-37579	68	40	and	and	CCONJ
cjfa-37579	68	41	deaths	death	NOUN
cjfa-37579	68	42	.	.	PUNCT
cjfa-37579	69	1	the	the	DET
cjfa-37579	69	2	result	result	NOUN
cjfa-37579	69	3	shows	show	VERB
cjfa-37579	69	4	that	that	SCONJ
cjfa-37579	69	5	health	health	NOUN
cjfa-37579	69	6	news	news	NOUN
cjfa-37579	69	7	is	be	AUX
cjfa-37579	69	8	significant	significant	ADJ
cjfa-37579	69	9	when	when	SCONJ
cjfa-37579	69	10	predicting	predict	VERB
cjfa-37579	69	11	stock	stock	NOUN
cjfa-37579	69	12	return	return	NOUN
cjfa-37579	69	13	during	during	ADP
cjfa-37579	69	14	covid-19	covid-19	PROPN
cjfa-37579	69	15	pandemic	pandemic	NOUN
cjfa-37579	69	16	.	.	PUNCT
cjfa-37579	70	1	azimli	azimli	PROPN
cjfa-37579	70	2	(	(	PUNCT
cjfa-37579	70	3	2020	2020	NUM
cjfa-37579	70	4	)	)	PUNCT
cjfa-37579	70	5	examines	examine	VERB
cjfa-37579	70	6	the	the	DET
cjfa-37579	70	7	impact	impact	NOUN
cjfa-37579	70	8	of	of	ADP
cjfa-37579	70	9	covid-19	covid-19	PROPN
cjfa-37579	70	10	on	on	ADP
cjfa-37579	70	11	riskreturn	riskreturn	NOUN
cjfa-37579	70	12	dependence	dependence	NOUN
cjfa-37579	70	13	in	in	ADP
cjfa-37579	70	14	the	the	DET
cjfa-37579	70	15	united	united	PROPN
cjfa-37579	70	16	states	states	PROPN
cjfa-37579	70	17	of	of	ADP
cjfa-37579	70	18	america	america	PROPN
cjfa-37579	70	19	.	.	PUNCT
cjfa-37579	71	1	the	the	DET
cjfa-37579	71	2	quantile	quantile	ADJ
cjfa-37579	71	3	regression	regression	NOUN
cjfa-37579	71	4	result	result	NOUN
cjfa-37579	71	5	indicates	indicate	VERB
cjfa-37579	71	6	that	that	SCONJ
cjfa-37579	71	7	sectoral	sectoral	ADJ
cjfa-37579	71	8	returns	return	NOUN
cjfa-37579	71	9	have	have	VERB
cjfa-37579	71	10	an	an	DET
cjfa-37579	71	11	asymmetric	asymmetric	ADJ
cjfa-37579	71	12	dependence	dependence	NOUN
cjfa-37579	71	13	structure	structure	NOUN
cjfa-37579	71	14	with	with	ADP
cjfa-37579	71	15	the	the	DET
cjfa-37579	71	16	market	market	NOUN
cjfa-37579	71	17	portfolio	portfolio	NOUN
cjfa-37579	71	18	.	.	PUNCT
cjfa-37579	72	1	alade	alade	PROPN
cjfa-37579	72	2	et	et	PROPN
cjfa-37579	72	3	al	al	PROPN
cjfa-37579	72	4	.	.	PROPN
cjfa-37579	73	1	(	(	PUNCT
cjfa-37579	73	2	2020	2020	NUM
cjfa-37579	73	3	)	)	PUNCT
cjfa-37579	73	4	investigates	investigate	VERB
cjfa-37579	73	5	the	the	DET
cjfa-37579	73	6	connection	connection	NOUN
cjfa-37579	73	7	between	between	ADP
cjfa-37579	73	8	covid-19	covid-19	PROPN
cjfa-37579	73	9	confirmed	confirm	VERB
cjfa-37579	73	10	cases	case	NOUN
cjfa-37579	73	11	and	and	CCONJ
cjfa-37579	73	12	nigerian	nigerian	ADJ
cjfa-37579	73	13	stock	stock	NOUN
cjfa-37579	73	14	market	market	NOUN
cjfa-37579	73	15	capitalization	capitalization	NOUN
cjfa-37579	73	16	used	use	VERB
cjfa-37579	73	17	the	the	DET
cjfa-37579	73	18	vector	vector	NOUN
cjfa-37579	73	19	regression	regression	NOUN
cjfa-37579	73	20	model	model	NOUN
cjfa-37579	73	21	and	and	CCONJ
cjfa-37579	73	22	finds	find	VERB
cjfa-37579	73	23	that	that	SCONJ
cjfa-37579	73	24	confirmed	confirm	VERB
cjfa-37579	73	25	cases	case	NOUN
cjfa-37579	73	26	of	of	ADP
cjfa-37579	73	27	covid-19	covid-19	PROPN
cjfa-37579	73	28	have	have	VERB
cjfa-37579	73	29	a	a	DET
cjfa-37579	73	30	mixed	mixed	ADJ
cjfa-37579	73	31	association	association	NOUN
cjfa-37579	73	32	,	,	PUNCT
cjfa-37579	73	33	which	which	PRON
cjfa-37579	73	34	is	be	AUX
cjfa-37579	73	35	a	a	DET
cjfa-37579	73	36	negative	negative	ADJ
cjfa-37579	73	37	but	but	CCONJ
cjfa-37579	73	38	statistically	statistically	ADV
cjfa-37579	73	39	insignificant	insignificant	ADJ
cjfa-37579	73	40	relationship	relationship	NOUN
cjfa-37579	73	41	to	to	ADP
cjfa-37579	73	42	the	the	DET
cjfa-37579	73	43	nigerian	nigerian	ADJ
cjfa-37579	73	44	stock	stock	NOUN
cjfa-37579	73	45	market	market	NOUN
cjfa-37579	73	46	equity	equity	NOUN
cjfa-37579	73	47	capitalization	capitalization	NOUN
cjfa-37579	73	48	.	.	PUNCT
cjfa-37579	74	1	nageri	nageri	PROPN
cjfa-37579	74	2	(	(	PUNCT
cjfa-37579	74	3	2019a	2019a	NUM
cjfa-37579	74	4	)	)	PUNCT
cjfa-37579	74	5	evaluates	evaluate	VERB
cjfa-37579	74	6	positive	positive	ADJ
cjfa-37579	74	7	and	and	CCONJ
cjfa-37579	74	8	negative	negative	ADJ
cjfa-37579	74	9	news	news	NOUN
cjfa-37579	74	10	on	on	ADP
cjfa-37579	74	11	the	the	DET
cjfa-37579	74	12	nigerian	nigerian	ADJ
cjfa-37579	74	13	stock	stock	NOUN
cjfa-37579	74	14	market	market	NOUN
cjfa-37579	74	15	before	before	ADP
cjfa-37579	74	16	and	and	CCONJ
cjfa-37579	74	17	after	after	ADP
cjfa-37579	74	18	the	the	DET
cjfa-37579	74	19	2018/19	2018/19	NUM
cjfa-37579	74	20	financial	financial	ADJ
cjfa-37579	74	21	meltdown	meltdown	NOUN
cjfa-37579	74	22	,	,	PUNCT
cjfa-37579	74	23	employed	employ	VERB
cjfa-37579	74	24	garch	garch	NOUN
cjfa-37579	74	25	variant	variant	NOUN
cjfa-37579	74	26	models	model	NOUN
cjfa-37579	74	27	of	of	ADP
cjfa-37579	74	28	tgarch	tgarch	NOUN
cjfa-37579	74	29	,	,	PUNCT
cjfa-37579	74	30	egarch	egarch	NOUN
cjfa-37579	74	31	and	and	CCONJ
cjfa-37579	74	32	pgarch	pgarch	NOUN
cjfa-37579	74	33	.	.	PUNCT
cjfa-37579	75	1	the	the	DET
cjfa-37579	75	2	study	study	NOUN
cjfa-37579	75	3	reveals	reveal	VERB
cjfa-37579	75	4	that	that	SCONJ
cjfa-37579	75	5	good	good	ADJ
cjfa-37579	75	6	news	news	NOUN
cjfa-37579	75	7	influence	influence	NOUN
cjfa-37579	75	8	stock	stock	NOUN
cjfa-37579	75	9	return	return	VERB
cjfa-37579	75	10	more	more	ADJ
cjfa-37579	75	11	signifi	signifi	NOUN
cjfa-37579	75	12	risk	risk	NOUN
cjfa-37579	75	13	-	-	PUNCT
cjfa-37579	75	14	return	return	NOUN
cjfa-37579	75	15	relationship	relationship	NOUN
cjfa-37579	75	16	in	in	ADP
cjfa-37579	75	17	the	the	DET
cjfa-37579	75	18	nigerian	nigerian	ADJ
cjfa-37579	75	19	stock	stock	NOUN
cjfa-37579	75	20	market	market	NOUN
cjfa-37579	75	21	…	…	PUNCT
cjfa-37579	75	22	101	101	NUM
cjfa-37579	75	23	cantly	cantly	ADV
cjfa-37579	75	24	than	than	ADP
cjfa-37579	75	25	bad	bad	ADJ
cjfa-37579	75	26	news	news	NOUN
cjfa-37579	75	27	of	of	ADP
cjfa-37579	75	28	similar	similar	ADJ
cjfa-37579	75	29	extent	extent	NOUN
cjfa-37579	75	30	before	before	ADP
cjfa-37579	75	31	the	the	DET
cjfa-37579	75	32	meltdown	meltdown	NOUN
cjfa-37579	75	33	,	,	PUNCT
cjfa-37579	75	34	but	but	CCONJ
cjfa-37579	75	35	bad	bad	ADJ
cjfa-37579	75	36	news	news	NOUN
cjfa-37579	75	37	have	have	VERB
cjfa-37579	75	38	a	a	DET
cjfa-37579	75	39	more	more	ADV
cjfa-37579	75	40	insignificant	insignificant	ADJ
cjfa-37579	75	41	impact	impact	NOUN
cjfa-37579	75	42	on	on	ADP
cjfa-37579	75	43	stock	stock	NOUN
cjfa-37579	75	44	return	return	NOUN
cjfa-37579	75	45	than	than	ADP
cjfa-37579	75	46	the	the	DET
cjfa-37579	75	47	good	good	NOUN
cjfa-37579	75	48	of	of	ADP
cjfa-37579	75	49	similar	similar	ADJ
cjfa-37579	75	50	extent	extent	NOUN
cjfa-37579	75	51	after	after	ADP
cjfa-37579	75	52	the	the	DET
cjfa-37579	75	53	meltdown	meltdown	NOUN
cjfa-37579	75	54	.	.	PUNCT
cjfa-37579	76	1	zhang	zhang	PROPN
cjfa-37579	76	2	,	,	PUNCT
cjfa-37579	76	3	hu	hu	PROPN
cjfa-37579	76	4	and	and	CCONJ
cjfa-37579	76	5	ji	ji	PROPN
cjfa-37579	76	6	(	(	PUNCT
cjfa-37579	76	7	2020	2020	NUM
cjfa-37579	76	8	)	)	PUNCT
cjfa-37579	76	9	studied	study	VERB
cjfa-37579	76	10	the	the	DET
cjfa-37579	76	11	financial	financial	ADJ
cjfa-37579	76	12	markets	market	NOUN
cjfa-37579	76	13	of	of	ADP
cjfa-37579	76	14	the	the	DET
cjfa-37579	76	15	top	top	ADJ
cjfa-37579	76	16	10	10	NUM
cjfa-37579	76	17	countries	country	NOUN
cjfa-37579	76	18	on	on	ADP
cjfa-37579	76	19	the	the	DET
cjfa-37579	76	20	list	list	NOUN
cjfa-37579	76	21	of	of	ADP
cjfa-37579	76	22	confirmed	confirm	VERB
cjfa-37579	76	23	covid-19	covid-19	PROPN
cjfa-37579	76	24	pandemic	pandemic	ADJ
cjfa-37579	76	25	cases	case	NOUN
cjfa-37579	76	26	as	as	ADP
cjfa-37579	76	27	of	of	ADP
cjfa-37579	76	28	27	27	NUM
cjfa-37579	76	29	march	march	NOUN
cjfa-37579	76	30	,	,	PUNCT
cjfa-37579	76	31	2020	2020	NUM
cjfa-37579	76	32	(	(	PUNCT
cjfa-37579	76	33	the	the	DET
cjfa-37579	76	34	united	united	PROPN
cjfa-37579	76	35	states	states	PROPN
cjfa-37579	76	36	,	,	PUNCT
cjfa-37579	76	37	italy	italy	PROPN
cjfa-37579	76	38	,	,	PUNCT
cjfa-37579	76	39	china	china	PROPN
cjfa-37579	76	40	,	,	PUNCT
cjfa-37579	76	41	spain	spain	PROPN
cjfa-37579	76	42	,	,	PUNCT
cjfa-37579	76	43	germany	germany	PROPN
cjfa-37579	76	44	,	,	PUNCT
cjfa-37579	76	45	france	france	PROPN
cjfa-37579	76	46	,	,	PUNCT
cjfa-37579	76	47	the	the	DET
cjfa-37579	76	48	united	united	PROPN
cjfa-37579	76	49	kingdom	kingdom	PROPN
cjfa-37579	76	50	,	,	PUNCT
cjfa-37579	76	51	switzerland	switzerland	PROPN
cjfa-37579	76	52	,	,	PUNCT
cjfa-37579	76	53	south	south	PROPN
cjfa-37579	76	54	korea	korea	PROPN
cjfa-37579	76	55	and	and	CCONJ
cjfa-37579	76	56	the	the	DET
cjfa-37579	76	57	netherlands	netherlands	PROPN
cjfa-37579	76	58	)	)	PUNCT
cjfa-37579	76	59	.	.	PUNCT
cjfa-37579	77	1	the	the	DET
cjfa-37579	77	2	study	study	NOUN
cjfa-37579	77	3	used	use	VERB
cjfa-37579	77	4	the	the	DET
cjfa-37579	77	5	quantile	quantile	ADJ
cjfa-37579	77	6	regression	regression	NOUN
cjfa-37579	77	7	methodology	methodology	NOUN
cjfa-37579	77	8	for	for	ADP
cjfa-37579	77	9	the	the	DET
cjfa-37579	77	10	daily	daily	ADJ
cjfa-37579	77	11	s&p500	s&p500	NOUN
cjfa-37579	77	12	(	(	PUNCT
cjfa-37579	77	13	sp	sp	NOUN
cjfa-37579	77	14	)	)	PUNCT
cjfa-37579	77	15	returns	return	NOUN
cjfa-37579	77	16	and	and	CCONJ
cjfa-37579	77	17	findings	finding	NOUN
cjfa-37579	77	18	reveal	reveal	VERB
cjfa-37579	77	19	global	global	ADJ
cjfa-37579	77	20	financial	financial	ADJ
cjfa-37579	77	21	market	market	NOUN
cjfa-37579	77	22	risks	risk	NOUN
cjfa-37579	77	23	significantly	significantly	ADV
cjfa-37579	77	24	increased	increase	VERB
cjfa-37579	77	25	during	during	ADP
cjfa-37579	77	26	the	the	DET
cjfa-37579	77	27	covid-19	covid-19	PROPN
cjfa-37579	77	28	pandemic	pandemic	ADJ
cjfa-37579	77	29	period	period	NOUN
cjfa-37579	77	30	of	of	ADP
cjfa-37579	77	31	the	the	DET
cjfa-37579	77	32	study	study	NOUN
cjfa-37579	77	33	.	.	PUNCT
cjfa-37579	78	1	therefore	therefore	ADV
cjfa-37579	78	2	,	,	PUNCT
cjfa-37579	78	3	from	from	ADP
cjfa-37579	78	4	the	the	DET
cjfa-37579	78	5	pieces	piece	NOUN
cjfa-37579	78	6	of	of	ADP
cjfa-37579	78	7	literature	literature	NOUN
cjfa-37579	78	8	reviewed	review	VERB
cjfa-37579	78	9	,	,	PUNCT
cjfa-37579	78	10	it	it	PRON
cjfa-37579	78	11	is	be	AUX
cjfa-37579	78	12	obvious	obvious	ADJ
cjfa-37579	78	13	that	that	SCONJ
cjfa-37579	78	14	a	a	DET
cjfa-37579	78	15	result	result	NOUN
cjfa-37579	78	16	of	of	ADP
cjfa-37579	78	17	the	the	DET
cjfa-37579	78	18	uncertainties	uncertainty	NOUN
cjfa-37579	78	19	due	due	ADJ
cjfa-37579	78	20	to	to	ADP
cjfa-37579	78	21	covid-19	covid-19	PROPN
cjfa-37579	78	22	in	in	ADP
cjfa-37579	78	23	the	the	DET
cjfa-37579	78	24	stock	stock	NOUN
cjfa-37579	78	25	market	market	NOUN
cjfa-37579	78	26	globally	globally	ADV
cjfa-37579	78	27	,	,	PUNCT
cjfa-37579	78	28	making	make	VERB
cjfa-37579	78	29	the	the	DET
cjfa-37579	78	30	stock	stock	NOUN
cjfa-37579	78	31	market	market	NOUN
cjfa-37579	78	32	as	as	ADP
cjfa-37579	78	33	a	a	DET
cjfa-37579	78	34	major	major	ADJ
cjfa-37579	78	35	point	point	NOUN
cjfa-37579	78	36	of	of	ADP
cjfa-37579	78	37	call	call	NOUN
cjfa-37579	78	38	indicating	indicate	VERB
cjfa-37579	78	39	the	the	DET
cjfa-37579	78	40	effect	effect	NOUN
cjfa-37579	78	41	of	of	ADP
cjfa-37579	78	42	covid-19	covid-19	PROPN
cjfa-37579	78	43	on	on	ADP
cjfa-37579	78	44	economies	economy	NOUN
cjfa-37579	78	45	.	.	PUNCT
cjfa-37579	79	1	as	as	ADP
cjfa-37579	79	2	such	such	ADJ
cjfa-37579	79	3	,	,	PUNCT
cjfa-37579	79	4	it	it	PRON
cjfa-37579	79	5	is	be	AUX
cjfa-37579	79	6	an	an	DET
cjfa-37579	79	7	important	important	ADJ
cjfa-37579	79	8	contribution	contribution	NOUN
cjfa-37579	79	9	to	to	ADP
cjfa-37579	79	10	the	the	DET
cjfa-37579	79	11	literature	literature	NOUN
cjfa-37579	79	12	and	and	CCONJ
cjfa-37579	79	13	the	the	DET
cjfa-37579	79	14	economic	economic	ADJ
cjfa-37579	79	15	rebound	rebound	NOUN
cjfa-37579	79	16	of	of	ADP
cjfa-37579	79	17	the	the	DET
cjfa-37579	79	18	nigerian	nigerian	ADJ
cjfa-37579	79	19	economy	economy	NOUN
cjfa-37579	79	20	to	to	PART
cjfa-37579	79	21	embark	embark	VERB
cjfa-37579	79	22	on	on	ADP
cjfa-37579	79	23	a	a	DET
cjfa-37579	79	24	study	study	NOUN
cjfa-37579	79	25	of	of	ADP
cjfa-37579	79	26	the	the	DET
cjfa-37579	79	27	risk	risk	NOUN
cjfa-37579	79	28	-	-	PUNCT
cjfa-37579	79	29	return	return	NOUN
cjfa-37579	79	30	relationship	relationship	NOUN
cjfa-37579	79	31	of	of	ADP
cjfa-37579	79	32	stock	stock	NOUN
cjfa-37579	79	33	on	on	ADP
cjfa-37579	79	34	the	the	DET
cjfa-37579	79	35	nse	nse	NOUN
cjfa-37579	79	36	to	to	PART
cjfa-37579	79	37	provide	provide	VERB
cjfa-37579	79	38	an	an	DET
cjfa-37579	79	39	initial	initial	ADJ
cjfa-37579	79	40	estimate	estimate	NOUN
cjfa-37579	79	41	for	for	ADP
cjfa-37579	79	42	policy	policy	NOUN
cjfa-37579	79	43	direction	direction	NOUN
cjfa-37579	79	44	and	and	CCONJ
cjfa-37579	79	45	guide	guide	VERB
cjfa-37579	79	46	concerning	concern	VERB
cjfa-37579	79	47	past	past	ADJ
cjfa-37579	79	48	policies	policy	NOUN
cjfa-37579	79	49	and	and	CCONJ
cjfa-37579	79	50	future	future	ADJ
cjfa-37579	79	51	decisions	decision	NOUN
cjfa-37579	79	52	.	.	PUNCT
cjfa-37579	80	1	data	datum	NOUN
cjfa-37579	80	2	and	and	CCONJ
cjfa-37579	80	3	methodology	methodology	NOUN
cjfa-37579	80	4	the	the	DET
cjfa-37579	80	5	discussion	discussion	NOUN
cjfa-37579	80	6	in	in	ADP
cjfa-37579	80	7	this	this	DET
cjfa-37579	80	8	section	section	NOUN
cjfa-37579	80	9	includes	include	VERB
cjfa-37579	80	10	the	the	DET
cjfa-37579	80	11	method	method	NOUN
cjfa-37579	80	12	that	that	PRON
cjfa-37579	80	13	was	be	AUX
cjfa-37579	80	14	used	use	VERB
cjfa-37579	80	15	for	for	ADP
cjfa-37579	80	16	the	the	DET
cjfa-37579	80	17	analysis	analysis	NOUN
cjfa-37579	80	18	,	,	PUNCT
cjfa-37579	80	19	mainly	mainly	ADV
cjfa-37579	80	20	the	the	DET
cjfa-37579	80	21	theoretical	theoretical	ADJ
cjfa-37579	80	22	framework	framework	NOUN
cjfa-37579	80	23	,	,	PUNCT
cjfa-37579	80	24	model	model	NOUN
cjfa-37579	80	25	specifications	specification	NOUN
cjfa-37579	80	26	,	,	PUNCT
cjfa-37579	80	27	sources	source	NOUN
cjfa-37579	80	28	and	and	CCONJ
cjfa-37579	80	29	estimation	estimation	NOUN
cjfa-37579	80	30	procedure	procedure	NOUN
cjfa-37579	80	31	.	.	PUNCT
cjfa-37579	81	1	data	datum	NOUN
cjfa-37579	81	2	the	the	DET
cjfa-37579	81	3	data	datum	NOUN
cjfa-37579	81	4	are	be	AUX
cjfa-37579	81	5	secondary	secondary	ADJ
cjfa-37579	81	6	,	,	PUNCT
cjfa-37579	81	7	sourced	source	VERB
cjfa-37579	81	8	from	from	ADP
cjfa-37579	81	9	the	the	DET
cjfa-37579	81	10	nigerian	nigerian	ADJ
cjfa-37579	81	11	stock	stock	NOUN
cjfa-37579	81	12	exchange	exchange	NOUN
cjfa-37579	81	13	using	use	VERB
cjfa-37579	81	14	the	the	DET
cjfa-37579	81	15	daily	daily	ADJ
cjfa-37579	81	16	selected	select	VERB
cjfa-37579	81	17	sectoral	sectoral	ADJ
cjfa-37579	81	18	all	all	DET
cjfa-37579	81	19	share	share	NOUN
cjfa-37579	81	20	index	index	NOUN
cjfa-37579	81	21	return	return	NOUN
cjfa-37579	81	22	of	of	ADP
cjfa-37579	81	23	different	different	ADJ
cjfa-37579	81	24	sectors	sector	NOUN
cjfa-37579	81	25	(	(	PUNCT
cjfa-37579	81	26	see	see	VERB
cjfa-37579	81	27	table	table	NOUN
cjfa-37579	81	28	1	1	NUM
cjfa-37579	81	29	)	)	PUNCT
cjfa-37579	81	30	from	from	ADP
cjfa-37579	81	31	january	january	PROPN
cjfa-37579	81	32	1st	1st	NOUN
cjfa-37579	81	33	till	till	SCONJ
cjfa-37579	81	34	june	june	PROPN
cjfa-37579	81	35	30th	30th	NUM
cjfa-37579	81	36	,	,	PUNCT
cjfa-37579	81	37	2020	2020	NUM
cjfa-37579	81	38	.	.	PUNCT
cjfa-37579	82	1	the	the	DET
cjfa-37579	82	2	return	return	NOUN
cjfa-37579	82	3	series	series	NOUN
cjfa-37579	82	4	was	be	AUX
cjfa-37579	82	5	generated	generate	VERB
cjfa-37579	82	6	by	by	ADP
cjfa-37579	82	7	the	the	DET
cjfa-37579	82	8	following	following	NOUN
cjfa-37579	82	9	for	for	ADP
cjfa-37579	82	10	123	123	NUM
cjfa-37579	82	11	observations	observation	NOUN
cjfa-37579	82	12	for	for	ADP
cjfa-37579	82	13	each	each	DET
cjfa-37579	82	14	sector	sector	NOUN
cjfa-37579	82	15	:	:	PUNCT
cjfa-37579	82	16	pgarch	pgarch	PROPN
cjfa-37579	82	17	.	.	PUNCT
cjfa-37579	83	1	the	the	DET
cjfa-37579	83	2	study	study	NOUN
cjfa-37579	83	3	reveals	reveal	VERB
cjfa-37579	83	4	that	that	SCONJ
cjfa-37579	83	5	good	good	ADJ
cjfa-37579	83	6	news	news	NOUN
cjfa-37579	83	7	influence	influence	NOUN
cjfa-37579	83	8	stock	stock	NOUN
cjfa-37579	83	9	return	return	VERB
cjfa-37579	83	10	more	more	ADV
cjfa-37579	83	11	significantly	significantly	ADV
cjfa-37579	83	12	than	than	ADP
cjfa-37579	83	13	bad	bad	ADJ
cjfa-37579	83	14	news	news	NOUN
cjfa-37579	83	15	of	of	ADP
cjfa-37579	83	16	similar	similar	ADJ
cjfa-37579	83	17	extent	extent	NOUN
cjfa-37579	83	18	before	before	ADP
cjfa-37579	83	19	the	the	DET
cjfa-37579	83	20	meltdown	meltdown	NOUN
cjfa-37579	83	21	,	,	PUNCT
cjfa-37579	83	22	but	but	CCONJ
cjfa-37579	83	23	bad	bad	ADJ
cjfa-37579	83	24	news	news	NOUN
cjfa-37579	83	25	have	have	VERB
cjfa-37579	83	26	a	a	DET
cjfa-37579	83	27	more	more	ADV
cjfa-37579	83	28	insignificant	insignificant	ADJ
cjfa-37579	83	29	impact	impact	NOUN
cjfa-37579	83	30	on	on	ADP
cjfa-37579	83	31	stock	stock	NOUN
cjfa-37579	83	32	return	return	NOUN
cjfa-37579	83	33	than	than	ADP
cjfa-37579	83	34	the	the	DET
cjfa-37579	83	35	good	good	NOUN
cjfa-37579	83	36	of	of	ADP
cjfa-37579	83	37	similar	similar	ADJ
cjfa-37579	83	38	extent	extent	NOUN
cjfa-37579	83	39	after	after	ADP
cjfa-37579	83	40	the	the	DET
cjfa-37579	83	41	meltdown	meltdown	NOUN
cjfa-37579	83	42	.	.	PUNCT
cjfa-37579	84	1	zhang	zhang	PROPN
cjfa-37579	84	2	,	,	PUNCT
cjfa-37579	84	3	hu	hu	PROPN
cjfa-37579	84	4	and	and	CCONJ
cjfa-37579	84	5	ji	ji	PROPN
cjfa-37579	84	6	(	(	PUNCT
cjfa-37579	84	7	2020	2020	NUM
cjfa-37579	84	8	)	)	PUNCT
cjfa-37579	84	9	studied	study	VERB
cjfa-37579	84	10	the	the	DET
cjfa-37579	84	11	financial	financial	ADJ
cjfa-37579	84	12	markets	market	NOUN
cjfa-37579	84	13	of	of	ADP
cjfa-37579	84	14	the	the	DET
cjfa-37579	84	15	top	top	ADJ
cjfa-37579	84	16	10	10	NUM
cjfa-37579	84	17	countries	country	NOUN
cjfa-37579	84	18	on	on	ADP
cjfa-37579	84	19	the	the	DET
cjfa-37579	84	20	list	list	NOUN
cjfa-37579	84	21	of	of	ADP
cjfa-37579	84	22	confirmed	confirm	VERB
cjfa-37579	84	23	covid-19	covid-19	PROPN
cjfa-37579	84	24	pandemic	pandemic	ADJ
cjfa-37579	84	25	cases	case	NOUN
cjfa-37579	84	26	as	as	ADP
cjfa-37579	84	27	of	of	ADP
cjfa-37579	84	28	27	27	NUM
cjfa-37579	84	29	march	march	NOUN
cjfa-37579	84	30	,	,	PUNCT
cjfa-37579	84	31	2020	2020	NUM
cjfa-37579	84	32	(	(	PUNCT
cjfa-37579	84	33	the	the	DET
cjfa-37579	84	34	united	united	PROPN
cjfa-37579	84	35	states	states	PROPN
cjfa-37579	84	36	,	,	PUNCT
cjfa-37579	84	37	italy	italy	PROPN
cjfa-37579	84	38	,	,	PUNCT
cjfa-37579	84	39	china	china	PROPN
cjfa-37579	84	40	,	,	PUNCT
cjfa-37579	84	41	spain	spain	PROPN
cjfa-37579	84	42	,	,	PUNCT
cjfa-37579	84	43	germany	germany	PROPN
cjfa-37579	84	44	,	,	PUNCT
cjfa-37579	84	45	france	france	PROPN
cjfa-37579	84	46	,	,	PUNCT
cjfa-37579	84	47	the	the	DET
cjfa-37579	84	48	united	united	PROPN
cjfa-37579	84	49	kingdom	kingdom	PROPN
cjfa-37579	84	50	,	,	PUNCT
cjfa-37579	84	51	switzerland	switzerland	PROPN
cjfa-37579	84	52	,	,	PUNCT
cjfa-37579	84	53	south	south	PROPN
cjfa-37579	84	54	korea	korea	PROPN
cjfa-37579	84	55	and	and	CCONJ
cjfa-37579	84	56	the	the	DET
cjfa-37579	84	57	netherlands	netherlands	PROPN
cjfa-37579	84	58	)	)	PUNCT
cjfa-37579	84	59	.	.	PUNCT
cjfa-37579	85	1	the	the	DET
cjfa-37579	85	2	study	study	NOUN
cjfa-37579	85	3	used	use	VERB
cjfa-37579	85	4	the	the	DET
cjfa-37579	85	5	quantile	quantile	ADJ
cjfa-37579	85	6	regression	regression	NOUN
cjfa-37579	85	7	methodology	methodology	NOUN
cjfa-37579	85	8	for	for	ADP
cjfa-37579	85	9	the	the	DET
cjfa-37579	85	10	daily	daily	ADJ
cjfa-37579	85	11	s&p500	s&p500	NOUN
cjfa-37579	85	12	(	(	PUNCT
cjfa-37579	85	13	sp	sp	NOUN
cjfa-37579	85	14	)	)	PUNCT
cjfa-37579	85	15	returns	return	NOUN
cjfa-37579	85	16	and	and	CCONJ
cjfa-37579	85	17	findings	finding	NOUN
cjfa-37579	85	18	reveal	reveal	VERB
cjfa-37579	85	19	global	global	ADJ
cjfa-37579	85	20	financial	financial	ADJ
cjfa-37579	85	21	market	market	NOUN
cjfa-37579	85	22	risks	risk	NOUN
cjfa-37579	85	23	significantly	significantly	ADV
cjfa-37579	85	24	increased	increase	VERB
cjfa-37579	85	25	during	during	ADP
cjfa-37579	85	26	the	the	DET
cjfa-37579	85	27	covid-19	covid-19	PROPN
cjfa-37579	85	28	pandemic	pandemic	ADJ
cjfa-37579	85	29	period	period	NOUN
cjfa-37579	85	30	of	of	ADP
cjfa-37579	85	31	the	the	DET
cjfa-37579	85	32	study	study	NOUN
cjfa-37579	85	33	.	.	PUNCT
cjfa-37579	86	1	therefore	therefore	ADV
cjfa-37579	86	2	,	,	PUNCT
cjfa-37579	86	3	from	from	ADP
cjfa-37579	86	4	the	the	DET
cjfa-37579	86	5	pieces	piece	NOUN
cjfa-37579	86	6	of	of	ADP
cjfa-37579	86	7	literature	literature	NOUN
cjfa-37579	86	8	reviewed	review	VERB
cjfa-37579	86	9	,	,	PUNCT
cjfa-37579	86	10	it	it	PRON
cjfa-37579	86	11	is	be	AUX
cjfa-37579	86	12	obvious	obvious	ADJ
cjfa-37579	86	13	that	that	SCONJ
cjfa-37579	86	14	a	a	DET
cjfa-37579	86	15	result	result	NOUN
cjfa-37579	86	16	of	of	ADP
cjfa-37579	86	17	the	the	DET
cjfa-37579	86	18	uncertainties	uncertainty	NOUN
cjfa-37579	86	19	due	due	ADJ
cjfa-37579	86	20	to	to	ADP
cjfa-37579	86	21	covid-19	covid-19	PROPN
cjfa-37579	86	22	in	in	ADP
cjfa-37579	86	23	the	the	DET
cjfa-37579	86	24	stock	stock	NOUN
cjfa-37579	86	25	market	market	NOUN
cjfa-37579	86	26	globally	globally	ADV
cjfa-37579	86	27	,	,	PUNCT
cjfa-37579	86	28	making	make	VERB
cjfa-37579	86	29	the	the	DET
cjfa-37579	86	30	stock	stock	NOUN
cjfa-37579	86	31	market	market	NOUN
cjfa-37579	86	32	as	as	ADP
cjfa-37579	86	33	a	a	DET
cjfa-37579	86	34	major	major	ADJ
cjfa-37579	86	35	point	point	NOUN
cjfa-37579	86	36	of	of	ADP
cjfa-37579	86	37	call	call	NOUN
cjfa-37579	86	38	indicating	indicate	VERB
cjfa-37579	86	39	the	the	DET
cjfa-37579	86	40	effect	effect	NOUN
cjfa-37579	86	41	of	of	ADP
cjfa-37579	86	42	covid-19	covid-19	PROPN
cjfa-37579	86	43	on	on	ADP
cjfa-37579	86	44	economies	economy	NOUN
cjfa-37579	86	45	.	.	PUNCT
cjfa-37579	87	1	as	as	ADP
cjfa-37579	87	2	such	such	ADJ
cjfa-37579	87	3	,	,	PUNCT
cjfa-37579	87	4	it	it	PRON
cjfa-37579	87	5	is	be	AUX
cjfa-37579	87	6	an	an	DET
cjfa-37579	87	7	important	important	ADJ
cjfa-37579	87	8	contribution	contribution	NOUN
cjfa-37579	87	9	to	to	ADP
cjfa-37579	87	10	the	the	DET
cjfa-37579	87	11	literature	literature	NOUN
cjfa-37579	87	12	and	and	CCONJ
cjfa-37579	87	13	the	the	DET
cjfa-37579	87	14	economic	economic	ADJ
cjfa-37579	87	15	rebound	rebound	NOUN
cjfa-37579	87	16	of	of	ADP
cjfa-37579	87	17	the	the	DET
cjfa-37579	87	18	nigerian	nigerian	ADJ
cjfa-37579	87	19	economy	economy	NOUN
cjfa-37579	87	20	to	to	PART
cjfa-37579	87	21	embark	embark	VERB
cjfa-37579	87	22	on	on	ADP
cjfa-37579	87	23	a	a	DET
cjfa-37579	87	24	study	study	NOUN
cjfa-37579	87	25	of	of	ADP
cjfa-37579	87	26	the	the	DET
cjfa-37579	87	27	risk	risk	NOUN
cjfa-37579	87	28	-	-	PUNCT
cjfa-37579	87	29	return	return	NOUN
cjfa-37579	87	30	relationship	relationship	NOUN
cjfa-37579	87	31	of	of	ADP
cjfa-37579	87	32	stock	stock	NOUN
cjfa-37579	87	33	on	on	ADP
cjfa-37579	87	34	the	the	DET
cjfa-37579	87	35	nse	nse	NOUN
cjfa-37579	87	36	to	to	PART
cjfa-37579	87	37	provide	provide	VERB
cjfa-37579	87	38	an	an	DET
cjfa-37579	87	39	initial	initial	ADJ
cjfa-37579	87	40	estimate	estimate	NOUN
cjfa-37579	87	41	for	for	ADP
cjfa-37579	87	42	policy	policy	NOUN
cjfa-37579	87	43	direction	direction	NOUN
cjfa-37579	87	44	and	and	CCONJ
cjfa-37579	87	45	guide	guide	VERB
cjfa-37579	87	46	concerning	concern	VERB
cjfa-37579	87	47	past	past	ADJ
cjfa-37579	87	48	policies	policy	NOUN
cjfa-37579	87	49	and	and	CCONJ
cjfa-37579	87	50	future	future	ADJ
cjfa-37579	87	51	decisions	decision	NOUN
cjfa-37579	87	52	.	.	PUNCT
cjfa-37579	88	1	data	datum	NOUN
cjfa-37579	88	2	and	and	CCONJ
cjfa-37579	88	3	methodology	methodology	NOUN
cjfa-37579	88	4	the	the	DET
cjfa-37579	88	5	discussion	discussion	NOUN
cjfa-37579	88	6	in	in	ADP
cjfa-37579	88	7	this	this	DET
cjfa-37579	88	8	section	section	NOUN
cjfa-37579	88	9	includes	include	VERB
cjfa-37579	88	10	the	the	DET
cjfa-37579	88	11	method	method	NOUN
cjfa-37579	88	12	that	that	PRON
cjfa-37579	88	13	was	be	AUX
cjfa-37579	88	14	used	use	VERB
cjfa-37579	88	15	for	for	ADP
cjfa-37579	88	16	the	the	DET
cjfa-37579	88	17	analysis	analysis	NOUN
cjfa-37579	88	18	,	,	PUNCT
cjfa-37579	88	19	mainly	mainly	ADV
cjfa-37579	88	20	the	the	DET
cjfa-37579	88	21	theoretical	theoretical	ADJ
cjfa-37579	88	22	framework	framework	NOUN
cjfa-37579	88	23	,	,	PUNCT
cjfa-37579	88	24	model	model	NOUN
cjfa-37579	88	25	specifications	specification	NOUN
cjfa-37579	88	26	,	,	PUNCT
cjfa-37579	88	27	sources	source	NOUN
cjfa-37579	88	28	and	and	CCONJ
cjfa-37579	88	29	estimation	estimation	NOUN
cjfa-37579	88	30	procedure	procedure	NOUN
cjfa-37579	88	31	.	.	PUNCT
cjfa-37579	89	1	data	datum	NOUN
cjfa-37579	89	2	the	the	DET
cjfa-37579	89	3	data	datum	NOUN
cjfa-37579	89	4	are	be	AUX
cjfa-37579	89	5	secondary	secondary	ADJ
cjfa-37579	89	6	,	,	PUNCT
cjfa-37579	89	7	sourced	source	VERB
cjfa-37579	89	8	from	from	ADP
cjfa-37579	89	9	the	the	DET
cjfa-37579	89	10	nigerian	nigerian	ADJ
cjfa-37579	89	11	stock	stock	NOUN
cjfa-37579	89	12	exchange	exchange	NOUN
cjfa-37579	89	13	using	use	VERB
cjfa-37579	89	14	the	the	DET
cjfa-37579	89	15	daily	daily	ADJ
cjfa-37579	89	16	selected	select	VERB
cjfa-37579	89	17	sectoral	sectoral	ADJ
cjfa-37579	89	18	all	all	DET
cjfa-37579	89	19	share	share	NOUN
cjfa-37579	89	20	index	index	NOUN
cjfa-37579	89	21	return	return	NOUN
cjfa-37579	89	22	of	of	ADP
cjfa-37579	89	23	different	different	ADJ
cjfa-37579	89	24	sectors	sector	NOUN
cjfa-37579	89	25	(	(	PUNCT
cjfa-37579	89	26	see	see	VERB
cjfa-37579	89	27	table	table	NOUN
cjfa-37579	89	28	1	1	NUM
cjfa-37579	89	29	)	)	PUNCT
cjfa-37579	89	30	from	from	ADP
cjfa-37579	89	31	january	january	PROPN
cjfa-37579	89	32	1st	1st	NOUN
cjfa-37579	89	33	till	till	SCONJ
cjfa-37579	89	34	june	june	PROPN
cjfa-37579	89	35	30th	30th	NUM
cjfa-37579	89	36	,	,	PUNCT
cjfa-37579	89	37	2020	2020	NUM
cjfa-37579	89	38	.	.	PUNCT
cjfa-37579	90	1	the	the	DET
cjfa-37579	90	2	return	return	NOUN
cjfa-37579	90	3	series	series	NOUN
cjfa-37579	90	4	was	be	AUX
cjfa-37579	90	5	generated	generate	VERB
cjfa-37579	90	6	by	by	ADP
cjfa-37579	90	7	the	the	DET
cjfa-37579	90	8	following	following	NOUN
cjfa-37579	90	9	for	for	ADP
cjfa-37579	90	10	123	123	NUM
cjfa-37579	90	11	observations	observation	NOUN
cjfa-37579	90	12	for	for	ADP
cjfa-37579	90	13	each	each	DET
cjfa-37579	90	14	sector	sector	NOUN
cjfa-37579	90	15	:	:	PUNCT
cjfa-37579	90	16	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	90	17	�	�	PROPN
cjfa-37579	90	18	�	�	PROPN
cjfa-37579	90	19	=	=	SYM
cjfa-37579	90	20	(	(	PUNCT
cjfa-37579	90	21	�	�	PROPN
cjfa-37579	90	22	�	�	PROPN
cjfa-37579	90	23	�	�	PROPN
cjfa-37579	90	24	�	�	PROPN
cjfa-37579	90	25	�	�	PROPN
cjfa-37579	90	26	�	�	PROPN
cjfa-37579	90	27	�	�	PROPN
cjfa-37579	90	28	�	�	PROPN
cjfa-37579	90	29	�	�	PROPN
cjfa-37579	90	30	�	�	PROPN
cjfa-37579	90	31	�	�	PROPN
cjfa-37579	90	32	)	)	PUNCT
cjfa-37579	90	33	�	�	PROPN
cjfa-37579	90	34	�	�	PROPN
cjfa-37579	90	35	�	�	PROPN
cjfa-37579	90	36	�	�	PROPN
cjfa-37579	90	37	�	�	PROPN
cjfa-37579	90	38	�	�	PROPN
cjfa-37579	90	39	(	(	PUNCT
cjfa-37579	90	40	2	2	NUM
cjfa-37579	90	41	)	)	PUNCT
cjfa-37579	90	42	where	where	SCONJ
cjfa-37579	90	43	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	90	44	�	�	PROPN
cjfa-37579	90	45	�	�	PROPN
cjfa-37579	90	46	is	be	AUX
cjfa-37579	90	47	all	all	DET
cjfa-37579	90	48	share	share	NOUN
cjfa-37579	90	49	index	index	NOUN
cjfa-37579	90	50	return	return	NOUN
cjfa-37579	90	51	at	at	ADP
cjfa-37579	90	52	a	a	DET
cjfa-37579	90	53	particular	particular	ADJ
cjfa-37579	90	54	day	day	NOUN
cjfa-37579	90	55	,	,	PUNCT
cjfa-37579	90	56	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	90	57	�	�	PROPN
cjfa-37579	90	58	is	be	AUX
cjfa-37579	90	59	the	the	DET
cjfa-37579	90	60	all	all	DET
cjfa-37579	90	61	-	-	PUNCT
cjfa-37579	90	62	share	share	NOUN
cjfa-37579	90	63	index	index	NOUN
cjfa-37579	90	64	of	of	ADP
cjfa-37579	90	65	a	a	DET
cjfa-37579	90	66	particular	particular	ADJ
cjfa-37579	90	67	day	day	NOUN
cjfa-37579	90	68	,	,	PUNCT
cjfa-37579	90	69	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	90	70	�	�	PROPN
cjfa-37579	90	71	�	�	PROPN
cjfa-37579	90	72	�	�	PROPN
cjfa-37579	90	73	is	be	AUX
cjfa-37579	90	74	the	the	DET
cjfa-37579	90	75	previous	previous	ADJ
cjfa-37579	90	76	day	day	NOUN
cjfa-37579	90	77	all	all	DET
cjfa-37579	90	78	-	-	PUNCT
cjfa-37579	90	79	share	share	NOUN
cjfa-37579	90	80	index	index	NOUN
cjfa-37579	90	81	.	.	PUNCT
cjfa-37579	91	1	table	table	NOUN
cjfa-37579	91	2	1	1	NUM
cjfa-37579	91	3	consists	consist	VERB
cjfa-37579	91	4	of	of	ADP
cjfa-37579	91	5	the	the	DET
cjfa-37579	91	6	sectoral	sectoral	ADJ
cjfa-37579	91	7	index	index	NOUN
cjfa-37579	91	8	used	use	VERB
cjfa-37579	91	9	in	in	ADP
cjfa-37579	91	10	the	the	DET
cjfa-37579	91	11	study	study	NOUN
cjfa-37579	91	12	,	,	PUNCT
cjfa-37579	91	13	the	the	DET
cjfa-37579	91	14	description	description	NOUN
cjfa-37579	91	15	and	and	CCONJ
cjfa-37579	91	16	the	the	DET
cjfa-37579	91	17	source	source	NOUN
cjfa-37579	91	18	of	of	ADP
cjfa-37579	91	19	the	the	DET
cjfa-37579	91	20	data	datum	NOUN
cjfa-37579	91	21	used	use	VERB
cjfa-37579	91	22	as	as	ADP
cjfa-37579	91	23	a	a	DET
cjfa-37579	91	24	proxy	proxy	NOUN
cjfa-37579	91	25	for	for	ADP
cjfa-37579	91	26	each	each	DET
cjfa-37579	91	27	sector	sector	NOUN
cjfa-37579	91	28	index	index	NOUN
cjfa-37579	91	29	.	.	PUNCT
cjfa-37579	92	1	table	table	NOUN
cjfa-37579	92	2	1	1	NUM
cjfa-37579	92	3	.	.	PUNCT
cjfa-37579	92	4	description	description	NOUN
cjfa-37579	92	5	of	of	ADP
cjfa-37579	92	6	selected	select	VERB
cjfa-37579	92	7	stock	stock	NOUN
cjfa-37579	92	8	market	market	NOUN
cjfa-37579	92	9	indices	index	NOUN
cjfa-37579	92	10	(	(	PUNCT
cjfa-37579	92	11	2	2	X
cjfa-37579	92	12	)	)	PUNCT
cjfa-37579	92	13	where	where	SCONJ
cjfa-37579	92	14	asirt	asirt	NOUN
cjfa-37579	92	15	is	be	AUX
cjfa-37579	92	16	all	all	PRON
cjfa-37579	92	17	share	share	NOUN
cjfa-37579	92	18	index	index	NOUN
cjfa-37579	92	19	return	return	NOUN
cjfa-37579	92	20	at	at	ADP
cjfa-37579	92	21	a	a	DET
cjfa-37579	92	22	particular	particular	ADJ
cjfa-37579	92	23	day	day	NOUN
cjfa-37579	92	24	,	,	PUNCT
cjfa-37579	92	25	asit	asit	PROPN
cjfa-37579	92	26	is	be	AUX
cjfa-37579	92	27	the	the	DET
cjfa-37579	92	28	all	all	DET
cjfa-37579	92	29	-	-	PUNCT
cjfa-37579	92	30	share	share	NOUN
cjfa-37579	92	31	index	index	NOUN
cjfa-37579	92	32	of	of	ADP
cjfa-37579	92	33	a	a	DET
cjfa-37579	92	34	particular	particular	ADJ
cjfa-37579	92	35	day	day	NOUN
cjfa-37579	92	36	,	,	PUNCT
cjfa-37579	92	37	asit–1	asit–1	PROPN
cjfa-37579	92	38	is	be	AUX
cjfa-37579	92	39	the	the	DET
cjfa-37579	92	40	previous	previous	ADJ
cjfa-37579	92	41	day	day	NOUN
cjfa-37579	92	42	all	all	DET
cjfa-37579	92	43	-	-	PUNCT
cjfa-37579	92	44	share	share	NOUN
cjfa-37579	92	45	index	index	NOUN
cjfa-37579	92	46	.	.	PUNCT
cjfa-37579	93	1	table	table	NOUN
cjfa-37579	93	2	1	1	NUM
cjfa-37579	93	3	conkamaldeen	conkamaldeen	NOUN
cjfa-37579	93	4	ibraheem	ibraheem	VERB
cjfa-37579	93	5	nageri102	nageri102	PROPN
cjfa-37579	93	6	sists	sist	NOUN
cjfa-37579	93	7	of	of	ADP
cjfa-37579	93	8	the	the	DET
cjfa-37579	93	9	sectoral	sectoral	ADJ
cjfa-37579	93	10	index	index	NOUN
cjfa-37579	93	11	used	use	VERB
cjfa-37579	93	12	in	in	ADP
cjfa-37579	93	13	the	the	DET
cjfa-37579	93	14	study	study	NOUN
cjfa-37579	93	15	,	,	PUNCT
cjfa-37579	93	16	the	the	DET
cjfa-37579	93	17	description	description	NOUN
cjfa-37579	93	18	and	and	CCONJ
cjfa-37579	93	19	the	the	DET
cjfa-37579	93	20	source	source	NOUN
cjfa-37579	93	21	of	of	ADP
cjfa-37579	93	22	the	the	DET
cjfa-37579	93	23	data	datum	NOUN
cjfa-37579	93	24	used	use	VERB
cjfa-37579	93	25	as	as	ADP
cjfa-37579	93	26	a	a	DET
cjfa-37579	93	27	proxy	proxy	NOUN
cjfa-37579	93	28	for	for	ADP
cjfa-37579	93	29	each	each	DET
cjfa-37579	93	30	sector	sector	NOUN
cjfa-37579	93	31	index	index	NOUN
cjfa-37579	93	32	.	.	PUNCT
cjfa-37579	94	1	table	table	NOUN
cjfa-37579	94	2	1	1	NUM
cjfa-37579	94	3	.	.	PUNCT
cjfa-37579	94	4	description	description	NOUN
cjfa-37579	94	5	of	of	ADP
cjfa-37579	94	6	selected	select	VERB
cjfa-37579	94	7	stock	stock	NOUN
cjfa-37579	94	8	market	market	NOUN
cjfa-37579	94	9	indices	indice	VERB
cjfa-37579	94	10	variables	variable	VERB
cjfa-37579	94	11	description	description	NOUN
cjfa-37579	94	12	source	source	NOUN
cjfa-37579	94	13	nse30	nse30	VERB
cjfa-37579	94	14	it	it	PRON
cjfa-37579	94	15	is	be	AUX
cjfa-37579	94	16	the	the	DET
cjfa-37579	94	17	price	price	NOUN
cjfa-37579	94	18	index	index	NOUN
cjfa-37579	94	19	that	that	PRON
cjfa-37579	94	20	tracks	track	VERB
cjfa-37579	94	21	the	the	DET
cjfa-37579	94	22	top	top	ADJ
cjfa-37579	94	23	thirty	thirty	NUM
cjfa-37579	94	24	listed	list	VERB
cjfa-37579	94	25	companies	company	NOUN
cjfa-37579	94	26	with	with	ADP
cjfa-37579	94	27	fully	fully	ADV
cjfa-37579	94	28	paid	pay	VERB
cjfa-37579	94	29	-	-	PUNCT
cjfa-37579	94	30	up	up	ADP
cjfa-37579	94	31	common	common	ADJ
cjfa-37579	94	32	shares	share	NOUN
cjfa-37579	94	33	in	in	ADP
cjfa-37579	94	34	terms	term	NOUN
cjfa-37579	94	35	of	of	ADP
cjfa-37579	94	36	market	market	NOUN
cjfa-37579	94	37	capitalisation	capitalisation	NOUN
cjfa-37579	94	38	and	and	CCONJ
cjfa-37579	94	39	liquidity	liquidity	NOUN
cjfa-37579	94	40	on	on	ADP
cjfa-37579	94	41	the	the	DET
cjfa-37579	94	42	nigerian	nigerian	ADJ
cjfa-37579	94	43	stock	stock	NOUN
cjfa-37579	94	44	exchange	exchange	NOUN
cjfa-37579	94	45	.	.	PUNCT
cjfa-37579	95	1	nse	nse	NOUN
cjfa-37579	95	2	nse5o	nse5o	PROPN
cjfa-37579	96	1	it	it	PRON
cjfa-37579	96	2	is	be	AUX
cjfa-37579	96	3	the	the	DET
cjfa-37579	96	4	price	price	NOUN
cjfa-37579	96	5	index	index	NOUN
cjfa-37579	96	6	of	of	ADP
cjfa-37579	96	7	the	the	DET
cjfa-37579	96	8	top	top	ADJ
cjfa-37579	96	9	fifty	fifty	NUM
cjfa-37579	96	10	listed	list	VERB
cjfa-37579	96	11	companies	company	NOUN
cjfa-37579	96	12	with	with	ADP
cjfa-37579	96	13	fully	fully	ADV
cjfa-37579	96	14	paid	pay	VERB
cjfa-37579	96	15	-	-	PUNCT
cjfa-37579	96	16	up	up	ADP
cjfa-37579	96	17	common	common	ADJ
cjfa-37579	96	18	shares	share	NOUN
cjfa-37579	96	19	.	.	PUNCT
cjfa-37579	97	1	it	it	PRON
cjfa-37579	97	2	is	be	AUX
cjfa-37579	97	3	weighted	weight	VERB
cjfa-37579	97	4	by	by	ADP
cjfa-37579	97	5	adjusted	adjusted	ADJ
cjfa-37579	97	6	market	market	NOUN
cjfa-37579	97	7	capitalisation	capitalisation	NOUN
cjfa-37579	97	8	multiplied	multiply	VERB
cjfa-37579	97	9	by	by	ADP
cjfa-37579	97	10	closing	close	VERB
cjfa-37579	97	11	prices	price	NOUN
cjfa-37579	97	12	of	of	ADP
cjfa-37579	97	13	the	the	DET
cjfa-37579	97	14	companies	company	NOUN
cjfa-37579	97	15	,	,	PUNCT
cjfa-37579	97	16	multiply	multiply	ADV
cjfa-37579	97	17	by	by	ADP
cjfa-37579	97	18	a	a	DET
cjfa-37579	97	19	capping	cap	VERB
cjfa-37579	97	20	factor	factor	NOUN
cjfa-37579	97	21	.	.	PUNCT
cjfa-37579	98	1	nse	nse	NOUN
cjfa-37579	98	2	nseban	nseban	PROPN
cjfa-37579	98	3	it	it	PRON
cjfa-37579	98	4	is	be	AUX
cjfa-37579	98	5	the	the	DET
cjfa-37579	98	6	price	price	NOUN
cjfa-37579	98	7	index	index	NOUN
cjfa-37579	98	8	that	that	PRON
cjfa-37579	98	9	tracks	track	VERB
cjfa-37579	98	10	the	the	DET
cjfa-37579	98	11	performance	performance	NOUN
cjfa-37579	98	12	of	of	ADP
cjfa-37579	98	13	listed	list	VERB
cjfa-37579	98	14	banks	bank	NOUN
cjfa-37579	98	15	with	with	ADP
cjfa-37579	98	16	the	the	DET
cjfa-37579	98	17	most	most	ADV
cjfa-37579	98	18	capitalisation	capitalisation	NOUN
cjfa-37579	98	19	and	and	CCONJ
cjfa-37579	98	20	liquidity	liquidity	NOUN
cjfa-37579	98	21	performance	performance	NOUN
cjfa-37579	98	22	.	.	PUNCT
cjfa-37579	99	1	nse	nse	NOUN
cjfa-37579	99	2	nsecon	nsecon	PROPN
cjfa-37579	100	1	it	it	PRON
cjfa-37579	100	2	is	be	AUX
cjfa-37579	100	3	the	the	DET
cjfa-37579	100	4	price	price	NOUN
cjfa-37579	100	5	index	index	NOUN
cjfa-37579	100	6	that	that	PRON
cjfa-37579	100	7	tracks	track	VERB
cjfa-37579	100	8	the	the	DET
cjfa-37579	100	9	performance	performance	NOUN
cjfa-37579	100	10	of	of	ADP
cjfa-37579	100	11	listed	list	VERB
cjfa-37579	100	12	companies	company	NOUN
cjfa-37579	100	13	in	in	ADP
cjfa-37579	100	14	the	the	DET
cjfa-37579	100	15	consumer	consumer	NOUN
cjfa-37579	100	16	goods	good	NOUN
cjfa-37579	100	17	sector	sector	NOUN
cjfa-37579	100	18	(	(	PUNCT
cjfa-37579	100	19	food	food	NOUN
cjfa-37579	100	20	,	,	PUNCT
cjfa-37579	100	21	beverages	beverage	NOUN
cjfa-37579	100	22	and	and	CCONJ
cjfa-37579	100	23	tobacco	tobacco	NOUN
cjfa-37579	100	24	)	)	PUNCT
cjfa-37579	100	25	based	base	VERB
cjfa-37579	100	26	on	on	ADP
cjfa-37579	100	27	the	the	DET
cjfa-37579	100	28	market	market	NOUN
cjfa-37579	100	29	capitalisation	capitalisation	NOUN
cjfa-37579	100	30	method	method	NOUN
cjfa-37579	100	31	.	.	PUNCT
cjfa-37579	101	1	nse	nse	NOUN
cjfa-37579	101	2	nseind	nseind	NOUN
cjfa-37579	101	3	it	it	PRON
cjfa-37579	101	4	is	be	AUX
cjfa-37579	101	5	the	the	DET
cjfa-37579	101	6	price	price	NOUN
cjfa-37579	101	7	index	index	NOUN
cjfa-37579	101	8	based	base	VERB
cjfa-37579	101	9	on	on	ADP
cjfa-37579	101	10	market	market	NOUN
cjfa-37579	101	11	capitalisation	capitalisation	NOUN
cjfa-37579	101	12	and	and	CCONJ
cjfa-37579	101	13	method	method	NOUN
cjfa-37579	101	14	that	that	PRON
cjfa-37579	101	15	captures	capture	VERB
cjfa-37579	101	16	the	the	DET
cjfa-37579	101	17	performance	performance	NOUN
cjfa-37579	101	18	of	of	ADP
cjfa-37579	101	19	listed	list	VERB
cjfa-37579	101	20	companies	company	NOUN
cjfa-37579	101	21	in	in	ADP
cjfa-37579	101	22	the	the	DET
cjfa-37579	101	23	industrial	industrial	ADJ
cjfa-37579	101	24	sector	sector	NOUN
cjfa-37579	101	25	.	.	PUNCT
cjfa-37579	102	1	nse	nse	NOUN
cjfa-37579	102	2	nseins	nsein	NOUN
cjfa-37579	102	3	it	it	PRON
cjfa-37579	102	4	is	be	AUX
cjfa-37579	102	5	the	the	DET
cjfa-37579	102	6	price	price	NOUN
cjfa-37579	102	7	index	index	NOUN
cjfa-37579	102	8	that	that	PRON
cjfa-37579	102	9	captures	capture	VERB
cjfa-37579	102	10	the	the	DET
cjfa-37579	102	11	performance	performance	NOUN
cjfa-37579	102	12	of	of	ADP
cjfa-37579	102	13	listed	list	VERB
cjfa-37579	102	14	insurance	insurance	NOUN
cjfa-37579	102	15	companies	company	NOUN
cjfa-37579	102	16	with	with	ADP
cjfa-37579	102	17	the	the	DET
cjfa-37579	102	18	most	most	ADV
cjfa-37579	102	19	capitalisation	capitalisation	NOUN
cjfa-37579	102	20	and	and	CCONJ
cjfa-37579	102	21	liquidity	liquidity	NOUN
cjfa-37579	102	22	.	.	PUNCT
cjfa-37579	103	1	nse	nse	NOUN
cjfa-37579	103	2	nseisl	nseisl	NOUN
cjfa-37579	103	3	it	it	PRON
cjfa-37579	103	4	is	be	AUX
cjfa-37579	103	5	the	the	DET
cjfa-37579	103	6	price	price	NOUN
cjfa-37579	103	7	index	index	NOUN
cjfa-37579	103	8	based	base	VERB
cjfa-37579	103	9	on	on	ADP
cjfa-37579	103	10	the	the	DET
cjfa-37579	103	11	requirements	requirement	NOUN
cjfa-37579	103	12	of	of	ADP
cjfa-37579	103	13	the	the	DET
cjfa-37579	103	14	shari’ah	shari’ah	PROPN
cjfa-37579	103	15	advisory	advisory	ADJ
cjfa-37579	103	16	board	board	NOUN
cjfa-37579	103	17	that	that	PRON
cjfa-37579	103	18	captures	capture	VERB
cjfa-37579	103	19	the	the	DET
cjfa-37579	103	20	performance	performance	NOUN
cjfa-37579	103	21	of	of	ADP
cjfa-37579	103	22	fifteen	fifteen	NUM
cjfa-37579	103	23	shari’ah	shari’ah	NOUN
cjfa-37579	103	24	-	-	PUNCT
cjfa-37579	103	25	compliant	compliant	ADJ
cjfa-37579	103	26	listed	list	VERB
cjfa-37579	103	27	companies	company	NOUN
cjfa-37579	103	28	.	.	PUNCT
cjfa-37579	104	1	nse	nse	NOUN
cjfa-37579	104	2	nseoil	nseoil	NOUN
cjfa-37579	104	3	it	it	PRON
cjfa-37579	104	4	is	be	AUX
cjfa-37579	104	5	the	the	DET
cjfa-37579	104	6	price	price	NOUN
cjfa-37579	104	7	index	index	NOUN
cjfa-37579	104	8	based	base	VERB
cjfa-37579	104	9	on	on	ADP
cjfa-37579	104	10	market	market	NOUN
cjfa-37579	104	11	capitalisation	capitalisation	NOUN
cjfa-37579	104	12	methodology	methodology	NOUN
cjfa-37579	104	13	that	that	PRON
cjfa-37579	104	14	captures	capture	VERB
cjfa-37579	104	15	the	the	DET
cjfa-37579	104	16	performance	performance	NOUN
cjfa-37579	104	17	of	of	ADP
cjfa-37579	104	18	listed	list	VERB
cjfa-37579	104	19	companies	company	NOUN
cjfa-37579	104	20	in	in	ADP
cjfa-37579	104	21	the	the	DET
cjfa-37579	104	22	oil	oil	NOUN
cjfa-37579	104	23	and	and	CCONJ
cjfa-37579	104	24	gas	gas	NOUN
cjfa-37579	104	25	sector	sector	NOUN
cjfa-37579	104	26	nse	nse	NOUN
cjfa-37579	104	27	nsepen	nsepen	ADJ
cjfa-37579	104	28	it	it	PRON
cjfa-37579	104	29	is	be	AUX
cjfa-37579	104	30	the	the	DET
cjfa-37579	104	31	price	price	NOUN
cjfa-37579	104	32	index	index	NOUN
cjfa-37579	104	33	that	that	PRON
cjfa-37579	104	34	captures	capture	VERB
cjfa-37579	104	35	the	the	DET
cjfa-37579	104	36	top	top	ADJ
cjfa-37579	104	37	forty	forty	NUM
cjfa-37579	104	38	listed	list	VERB
cjfa-37579	104	39	companies	company	NOUN
cjfa-37579	104	40	in	in	ADP
cjfa-37579	104	41	terms	term	NOUN
cjfa-37579	104	42	of	of	ADP
cjfa-37579	104	43	adjusted	adjusted	ADJ
cjfa-37579	104	44	(	(	PUNCT
cjfa-37579	104	45	free	free	ADJ
cjfa-37579	104	46	float	float	NOUN
cjfa-37579	104	47	factor	factor	NOUN
cjfa-37579	104	48	)	)	PUNCT
cjfa-37579	104	49	market	market	NOUN
cjfa-37579	104	50	capitalisation	capitalisation	NOUN
cjfa-37579	104	51	and	and	CCONJ
cjfa-37579	104	52	liquidity	liquidity	NOUN
cjfa-37579	104	53	nse	nse	NOUN
cjfa-37579	104	54	nsepre	nsepre	NOUN
cjfa-37579	104	55	it	it	PRON
cjfa-37579	104	56	is	be	AUX
cjfa-37579	104	57	the	the	DET
cjfa-37579	104	58	price	price	NOUN
cjfa-37579	104	59	index	index	NOUN
cjfa-37579	104	60	that	that	PRON
cjfa-37579	104	61	tracks	track	VERB
cjfa-37579	104	62	the	the	DET
cjfa-37579	104	63	performance	performance	NOUN
cjfa-37579	104	64	of	of	ADP
cjfa-37579	104	65	fully	fully	ADV
cjfa-37579	104	66	paid	pay	VERB
cjfa-37579	104	67	up	up	ADP
cjfa-37579	104	68	ordinary	ordinary	ADJ
cjfa-37579	104	69	shares	share	NOUN
cjfa-37579	104	70	of	of	ADP
cjfa-37579	104	71	companies	company	NOUN
cjfa-37579	104	72	listed	list	VERB
cjfa-37579	104	73	on	on	ADP
cjfa-37579	104	74	the	the	DET
cjfa-37579	104	75	premium	premium	PROPN
cjfa-37579	104	76	board	board	PROPN
cjfa-37579	104	77	nse	nse	NOUN
cjfa-37579	104	78	nseall	nseall	PRON
cjfa-37579	104	79	it	it	PRON
cjfa-37579	104	80	is	be	AUX
cjfa-37579	104	81	the	the	DET
cjfa-37579	104	82	cross	cross	NOUN
cjfa-37579	104	83	-	-	NOUN
cjfa-37579	104	84	section	section	NOUN
cjfa-37579	104	85	of	of	ADP
cjfa-37579	104	86	the	the	DET
cjfa-37579	104	87	ten	ten	NUM
cjfa-37579	104	88	price	price	NOUN
cjfa-37579	104	89	indexes	index	NOUN
cjfa-37579	104	90	listed	list	VERB
cjfa-37579	104	91	above	above	ADP
cjfa-37579	104	92	computed	compute	VERB
cjfa-37579	104	93	s	s	PART
cjfa-37579	104	94	o	o	NOUN
cjfa-37579	104	95	u	u	NOUN
cjfa-37579	104	96	r	r	NOUN
cjfa-37579	104	97	c	c	NOUN
cjfa-37579	104	98	e	e	NOUN
cjfa-37579	104	99	:	:	PUNCT
cjfa-37579	104	100	nigerian	nigerian	ADJ
cjfa-37579	104	101	stock	stock	NOUN
cjfa-37579	104	102	exchange	exchange	PROPN
cjfa-37579	104	103	(	(	PUNCT
cjfa-37579	104	104	nse	nse	NOUN
cjfa-37579	104	105	)	)	PUNCT
cjfa-37579	104	106	.	.	PUNCT
cjfa-37579	105	1	risk	risk	NOUN
cjfa-37579	105	2	-	-	PUNCT
cjfa-37579	105	3	return	return	NOUN
cjfa-37579	105	4	relationship	relationship	NOUN
cjfa-37579	105	5	in	in	ADP
cjfa-37579	105	6	the	the	DET
cjfa-37579	105	7	nigerian	nigerian	ADJ
cjfa-37579	105	8	stock	stock	NOUN
cjfa-37579	105	9	market	market	NOUN
cjfa-37579	105	10	…	…	PUNCT
cjfa-37579	105	11	103	103	NUM
cjfa-37579	105	12	v	v	NOUN
cjfa-37579	105	13	ar	ar	PROPN
cjfa-37579	105	14	ia	ia	PROPN
cjfa-37579	105	15	bl	bl	PROPN
cjfa-37579	105	16	es	es	VERB
cjfa-37579	105	17	d	d	PROPN
cjfa-37579	105	18	es	es	X
cjfa-37579	105	19	cr	cr	PROPN
cjfa-37579	105	20	ip	ip	NOUN
cjfa-37579	105	21	tio	tio	NOUN
cjfa-37579	105	22	n	n	NOUN
cjfa-37579	106	1	so	so	ADV
cjfa-37579	106	2	ur	ur	INTJ
cjfa-37579	106	3	ce	ce	PROPN
cjfa-37579	106	4	n	n	X
cjfa-37579	106	5	se	se	X
cjfa-37579	106	6	30	30	NUM
cjfa-37579	106	7	it	it	PRON
cjfa-37579	106	8	is	be	AUX
cjfa-37579	106	9	th	th	X
cjfa-37579	106	10	e	e	NOUN
cjfa-37579	106	11	pr	pr	NOUN
cjfa-37579	106	12	ic	ic	PROPN
cjfa-37579	106	13	e	e	PROPN
cjfa-37579	106	14	in	in	ADP
cjfa-37579	106	15	de	de	X
cjfa-37579	106	16	x	x	X
cjfa-37579	106	17	th	th	X
cjfa-37579	106	18	at	at	ADP
cjfa-37579	106	19	t	t	PROPN
cjfa-37579	106	20	ra	ra	PROPN
cjfa-37579	107	1	ck	ck	PROPN
cjfa-37579	107	2	s	s	X
cjfa-37579	107	3	th	th	X
cjfa-37579	107	4	e	e	NOUN
cjfa-37579	107	5	to	to	ADP
cjfa-37579	107	6	p	p	PROPN
cjfa-37579	107	7	th	th	X
cjfa-37579	107	8	irt	irt	PROPN
cjfa-37579	107	9	y	y	PROPN
cjfa-37579	107	10	lis	li	NOUN
cjfa-37579	107	11	te	te	PROPN
cjfa-37579	107	12	d	d	X
cjfa-37579	107	13	co	co	NOUN
cjfa-37579	107	14	m	m	PROPN
cjfa-37579	107	15	pa	pa	PROPN
cjfa-37579	107	16	ni	ni	PROPN
cjfa-37579	107	17	es	es	PROPN
cjfa-37579	107	18	w	w	PROPN
cjfa-37579	108	1	ith	ith	PROPN
cjfa-37579	109	1	f	f	PROPN
cjfa-37579	109	2	ul	ul	INTJ
cjfa-37579	109	3	ly	ly	INTJ
cjfa-37579	109	4	p	p	NOUN
cjfa-37579	109	5	ai	ai	VERB
cjfa-37579	109	6	dup	dup	NOUN
cjfa-37579	109	7	co	co	NOUN
cjfa-37579	109	8	m	m	VERB
cjfa-37579	109	9	m	m	VERB
cjfa-37579	109	10	on	on	ADP
cjfa-37579	109	11	s	s	X
cjfa-37579	109	12	ha	ha	INTJ
cjfa-37579	109	13	re	re	X
cjfa-37579	109	14	s	s	NOUN
cjfa-37579	109	15	in	in	ADP
cjfa-37579	109	16	te	te	PROPN
cjfa-37579	109	17	rm	rm	PROPN
cjfa-37579	109	18	s	s	PROPN
cjfa-37579	109	19	of	of	ADP
cjfa-37579	109	20	m	m	PROPN
cjfa-37579	109	21	ar	ar	PROPN
cjfa-37579	109	22	ke	ke	PROPN
cjfa-37579	109	23	t	t	PROPN
cjfa-37579	109	24	c	c	PROPN
cjfa-37579	109	25	ap	ap	PROPN
cjfa-37579	109	26	ita	ita	PROPN
cjfa-37579	109	27	lis	lis	PROPN
cjfa-37579	109	28	at	at	ADP
cjfa-37579	109	29	io	io	PROPN
cjfa-37579	109	30	n	n	PRON
cjfa-37579	109	31	an	an	DET
cjfa-37579	109	32	d	d	NOUN
cjfa-37579	109	33	liq	liq	NOUN
cjfa-37579	109	34	ui	ui	NOUN
cjfa-37579	109	35	di	di	NOUN
cjfa-37579	110	1	ty	ty	INTJ
cjfa-37579	110	2	o	o	NOUN
cjfa-37579	110	3	n	n	CCONJ
cjfa-37579	110	4	th	th	X
cjfa-37579	110	5	e	e	X
cjfa-37579	110	6	n	n	CCONJ
cjfa-37579	110	7	ig	ig	PROPN
cjfa-37579	110	8	er	er	INTJ
cjfa-37579	110	9	ia	ia	PROPN
cjfa-37579	110	10	n	n	PROPN
cjfa-37579	110	11	st	st	PROPN
cjfa-37579	111	1	oc	oc	AUX
cjfa-37579	111	2	k	k	PROPN
cjfa-37579	111	3	ex	ex	X
cjfa-37579	111	4	ch	ch	PROPN
cjfa-37579	111	5	an	an	DET
cjfa-37579	111	6	ge	ge	PROPN
cjfa-37579	111	7	.	.	PUNCT
cjfa-37579	112	1	n	n	PROPN
cjfa-37579	112	2	se	se	X
cjfa-37579	112	3	n	n	X
cjfa-37579	112	4	se	se	X
cjfa-37579	112	5	5o	5o	PROPN
cjfa-37579	112	6	it	it	PRON
cjfa-37579	112	7	is	be	AUX
cjfa-37579	112	8	th	th	X
cjfa-37579	112	9	e	e	NOUN
cjfa-37579	112	10	pr	pr	NOUN
cjfa-37579	112	11	ic	ic	PROPN
cjfa-37579	112	12	e	e	PROPN
cjfa-37579	112	13	in	in	ADP
cjfa-37579	112	14	de	de	X
cjfa-37579	112	15	x	x	X
cjfa-37579	112	16	of	of	ADP
cjfa-37579	112	17	t	t	NOUN
cjfa-37579	112	18	he	he	PRON
cjfa-37579	112	19	t	t	VERB
cjfa-37579	112	20	op	op	NOUN
cjfa-37579	112	21	f	f	PROPN
cjfa-37579	112	22	ift	ift	PROPN
cjfa-37579	112	23	y	y	PROPN
cjfa-37579	112	24	lis	li	NOUN
cjfa-37579	112	25	te	te	ADP
cjfa-37579	112	26	d	d	X
cjfa-37579	112	27	co	co	NOUN
cjfa-37579	112	28	m	m	PROPN
cjfa-37579	112	29	pa	pa	PROPN
cjfa-37579	112	30	ni	ni	PROPN
cjfa-37579	112	31	es	es	PROPN
cjfa-37579	113	1	w	w	PROPN
cjfa-37579	114	1	ith	ith	PROPN
cjfa-37579	115	1	f	f	PROPN
cjfa-37579	115	2	ul	ul	INTJ
cjfa-37579	115	3	ly	ly	INTJ
cjfa-37579	115	4	p	p	NOUN
cjfa-37579	115	5	ai	ai	INTJ
cjfa-37579	115	6	dup	dup	NOUN
cjfa-37579	115	7	c	c	NOUN
cjfa-37579	116	1	om	om	PROPN
cjfa-37579	116	2	m	m	PROPN
cjfa-37579	116	3	on	on	ADP
cjfa-37579	116	4	sh	sh	PROPN
cjfa-37579	116	5	ar	ar	PROPN
cjfa-37579	116	6	es	es	NOUN
cjfa-37579	116	7	.	.	PUNCT
cjfa-37579	117	1	i	i	PRON
cjfa-37579	117	2	t	t	VERB
cjfa-37579	118	1	i	i	PRON
cjfa-37579	118	2	s	s	VERB
cjfa-37579	118	3	w	w	NOUN
cjfa-37579	118	4	ei	ei	X
cjfa-37579	118	5	gh	gh	PROPN
cjfa-37579	118	6	te	te	PROPN
cjfa-37579	118	7	d	d	PROPN
cjfa-37579	118	8	by	by	ADP
cjfa-37579	118	9	a	a	DET
cjfa-37579	118	10	dj	dj	NOUN
cjfa-37579	118	11	us	we	PRON
cjfa-37579	119	1	te	te	PROPN
cjfa-37579	119	2	d	d	PROPN
cjfa-37579	119	3	m	m	PROPN
cjfa-37579	119	4	ar	ar	PROPN
cjfa-37579	119	5	ke	ke	PROPN
cjfa-37579	119	6	t	t	PROPN
cjfa-37579	119	7	c	c	PROPN
cjfa-37579	119	8	ap	ap	PROPN
cjfa-37579	119	9	ita	ita	PROPN
cjfa-37579	119	10	lis	lis	PROPN
cjfa-37579	119	11	at	at	ADP
cjfa-37579	119	12	io	io	PROPN
cjfa-37579	120	1	n	n	ADV
cjfa-37579	120	2	m	m	VERB
cjfa-37579	120	3	ul	ul	INTJ
cjfa-37579	120	4	tip	tip	NOUN
cjfa-37579	120	5	lie	lie	VERB
cjfa-37579	120	6	d	d	X
cjfa-37579	120	7	by	by	ADP
cjfa-37579	120	8	c	c	PROPN
cjfa-37579	120	9	lo	lo	PROPN
cjfa-37579	120	10	sin	sin	VERB
cjfa-37579	120	11	g	g	PROPN
cjfa-37579	120	12	pr	pr	NOUN
cjfa-37579	120	13	ic	ic	PROPN
cjfa-37579	120	14	es	es	ADP
cjfa-37579	120	15	o	o	PROPN
cjfa-37579	120	16	f	f	X
cjfa-37579	120	17	th	th	X
cjfa-37579	120	18	e	e	X
cjfa-37579	120	19	co	co	NOUN
cjfa-37579	120	20	m	m	PROPN
cjfa-37579	120	21	pa	pa	PROPN
cjfa-37579	120	22	ni	ni	PROPN
cjfa-37579	120	23	es	es	PROPN
cjfa-37579	120	24	,	,	PUNCT
cjfa-37579	120	25	m	m	VERB
cjfa-37579	120	26	ul	ul	INTJ
cjfa-37579	120	27	tip	tip	NOUN
cjfa-37579	121	1	l	l	PROPN
cjfa-37579	121	2	y	y	PROPN
cjfa-37579	121	3	b	b	PROPN
cjfa-37579	121	4	y	y	PROPN
cjfa-37579	121	5	a	a	PRON
cjfa-37579	121	6	ca	can	AUX
cjfa-37579	121	7	pp	pp	ADV
cjfa-37579	121	8	in	in	ADP
cjfa-37579	121	9	g	g	PROPN
cjfa-37579	122	1	fa	fa	INTJ
cjfa-37579	122	2	ct	ct	NOUN
cjfa-37579	122	3	or	or	CCONJ
cjfa-37579	122	4	.	.	PUNCT
cjfa-37579	123	1	n	n	PROPN
cjfa-37579	123	2	se	se	X
cjfa-37579	123	3	n	n	X
cjfa-37579	123	4	se	se	PROPN
cjfa-37579	123	5	ba	ba	PROPN
cjfa-37579	124	1	n	n	CCONJ
cjfa-37579	124	2	it	it	PRON
cjfa-37579	124	3	is	be	AUX
cjfa-37579	124	4	th	th	X
cjfa-37579	124	5	e	e	NOUN
cjfa-37579	124	6	pr	pr	NOUN
cjfa-37579	124	7	ic	ic	PROPN
cjfa-37579	124	8	e	e	PROPN
cjfa-37579	124	9	in	in	ADP
cjfa-37579	124	10	de	de	X
cjfa-37579	124	11	x	x	X
cjfa-37579	124	12	th	th	X
cjfa-37579	124	13	at	at	ADP
cjfa-37579	124	14	t	t	PROPN
cjfa-37579	124	15	ra	ra	PROPN
cjfa-37579	125	1	ck	ck	PROPN
cjfa-37579	125	2	s	s	X
cjfa-37579	125	3	th	th	X
cjfa-37579	125	4	e	e	X
cjfa-37579	125	5	pe	pe	PROPN
cjfa-37579	125	6	rfo	rfo	PROPN
cjfa-37579	125	7	rm	rm	PROPN
cjfa-37579	125	8	an	an	PROPN
cjfa-37579	125	9	ce	ce	PROPN
cjfa-37579	125	10	o	o	X
cjfa-37579	125	11	f	f	X
cjfa-37579	125	12	lis	li	VERB
cjfa-37579	125	13	te	te	ADP
cjfa-37579	126	1	d	d	X
cjfa-37579	126	2	ba	ba	PROPN
cjfa-37579	126	3	nk	nk	PROPN
cjfa-37579	126	4	s	s	PROPN
cjfa-37579	126	5	w	w	PROPN
cjfa-37579	126	6	ith	ith	PROPN
cjfa-37579	126	7	t	t	PROPN
cjfa-37579	127	1	he	he	PRON
cjfa-37579	127	2	m	m	VERB
cjfa-37579	127	3	os	os	VERB
cjfa-37579	127	4	t	t	NOUN
cjfa-37579	127	5	ca	can	AUX
cjfa-37579	127	6	pi	pi	VERB
cjfa-37579	127	7	ta	ta	X
cjfa-37579	127	8	lis	li	NOUN
cjfa-37579	127	9	at	at	ADP
cjfa-37579	127	10	io	io	PROPN
cjfa-37579	127	11	n	n	PRON
cjfa-37579	127	12	an	an	PRON
cjfa-37579	127	13	d	d	NOUN
cjfa-37579	127	14	liq	liq	NOUN
cjfa-37579	127	15	ui	ui	PROPN
cjfa-37579	127	16	di	di	PROPN
cjfa-37579	128	1	t	t	PROPN
cjfa-37579	129	1	y	y	PROPN
cjfa-37579	129	2	p	p	X
cjfa-37579	130	1	er	er	INTJ
cjfa-37579	130	2	fo	fo	INTJ
cjfa-37579	130	3	rm	rm	PROPN
cjfa-37579	130	4	an	an	DET
cjfa-37579	130	5	ce	ce	PROPN
cjfa-37579	130	6	.	.	PUNCT
cjfa-37579	131	1	n	n	PROPN
cjfa-37579	131	2	se	se	PROPN
cjfa-37579	131	3	n	n	X
cjfa-37579	131	4	se	se	X
cjfa-37579	131	5	co	co	X
cjfa-37579	131	6	n	n	PROPN
cjfa-37579	131	7	it	it	PRON
cjfa-37579	131	8	is	be	AUX
cjfa-37579	131	9	th	th	X
cjfa-37579	131	10	e	e	NOUN
cjfa-37579	131	11	pr	pr	NOUN
cjfa-37579	131	12	ic	ic	PROPN
cjfa-37579	131	13	e	e	PROPN
cjfa-37579	131	14	in	in	ADP
cjfa-37579	131	15	de	de	X
cjfa-37579	131	16	x	x	X
cjfa-37579	131	17	th	th	X
cjfa-37579	131	18	at	at	ADP
cjfa-37579	131	19	tr	tr	VERB
cjfa-37579	131	20	ac	ac	PROPN
cjfa-37579	131	21	ks	ks	PROPN
cjfa-37579	131	22	th	th	X
cjfa-37579	131	23	e	e	X
cjfa-37579	131	24	pe	pe	PROPN
cjfa-37579	131	25	rfo	rfo	PROPN
cjfa-37579	131	26	rm	rm	PROPN
cjfa-37579	131	27	an	an	PROPN
cjfa-37579	131	28	ce	ce	PROPN
cjfa-37579	131	29	o	o	X
cjfa-37579	131	30	f	f	X
cjfa-37579	131	31	l	l	PROPN
cjfa-37579	131	32	ist	ist	PROPN
cjfa-37579	131	33	ed	ed	NOUN
cjfa-37579	131	34	c	c	PROPN
cjfa-37579	131	35	om	om	PROPN
cjfa-37579	131	36	pa	pa	PROPN
cjfa-37579	131	37	ni	ni	PROPN
cjfa-37579	131	38	es	es	PROPN
cjfa-37579	131	39	in	in	ADP
cjfa-37579	131	40	th	th	ADP
cjfa-37579	131	41	e	e	X
cjfa-37579	131	42	co	co	X
cjfa-37579	131	43	ns	ns	INTJ
cjfa-37579	131	44	um	um	INTJ
cjfa-37579	131	45	er	er	INTJ
cjfa-37579	131	46	go	go	VERB
cjfa-37579	131	47	od	od	PROPN
cjfa-37579	131	48	s	s	X
cjfa-37579	132	1	se	se	PROPN
cjfa-37579	132	2	ct	ct	INTJ
cjfa-37579	132	3	or	or	CCONJ
cjfa-37579	132	4	(	(	PUNCT
cjfa-37579	132	5	fo	fo	INTJ
cjfa-37579	132	6	od	od	ADV
cjfa-37579	132	7	,	,	PUNCT
cjfa-37579	132	8	be	be	AUX
cjfa-37579	132	9	ve	ve	PROPN
cjfa-37579	132	10	ra	ra	PROPN
cjfa-37579	132	11	ge	ge	PROPN
cjfa-37579	132	12	s	s	PROPN
cjfa-37579	132	13	an	an	DET
cjfa-37579	132	14	d	d	NOUN
cjfa-37579	132	15	to	to	ADP
cjfa-37579	132	16	ba	ba	PROPN
cjfa-37579	132	17	cc	cc	PROPN
cjfa-37579	132	18	o	o	PROPN
cjfa-37579	132	19	)	)	PUNCT
cjfa-37579	132	20	b	b	NOUN
cjfa-37579	132	21	as	as	ADP
cjfa-37579	132	22	ed	ed	PROPN
cjfa-37579	132	23	o	o	PROPN
cjfa-37579	132	24	n	n	CCONJ
cjfa-37579	132	25	th	th	X
cjfa-37579	132	26	e	e	X
cjfa-37579	132	27	m	m	PROPN
cjfa-37579	132	28	ar	ar	PROPN
cjfa-37579	132	29	ke	ke	PROPN
cjfa-37579	132	30	t	t	PROPN
cjfa-37579	132	31	ca	can	AUX
cjfa-37579	132	32	pi	pi	VERB
cjfa-37579	132	33	ta	ta	X
cjfa-37579	132	34	lis	li	NOUN
cjfa-37579	132	35	at	at	ADP
cjfa-37579	132	36	io	io	PROPN
cjfa-37579	132	37	n	n	ADV
cjfa-37579	132	38	m	m	PROPN
cjfa-37579	132	39	et	et	PROPN
cjfa-37579	132	40	ho	ho	PROPN
cjfa-37579	132	41	d.	d.	PROPN
cjfa-37579	132	42	n	n	PROPN
cjfa-37579	132	43	se	se	X
cjfa-37579	132	44	n	n	X
cjfa-37579	132	45	se	se	X
cjfa-37579	132	46	in	in	ADP
cjfa-37579	132	47	d	d	X
cjfa-37579	132	48	it	it	PRON
cjfa-37579	132	49	is	be	AUX
cjfa-37579	132	50	th	th	X
cjfa-37579	132	51	e	e	NOUN
cjfa-37579	132	52	pr	pr	NOUN
cjfa-37579	132	53	ic	ic	PROPN
cjfa-37579	132	54	e	e	PROPN
cjfa-37579	132	55	in	in	ADP
cjfa-37579	132	56	de	de	X
cjfa-37579	132	57	x	x	SYM
cjfa-37579	132	58	ba	ba	PROPN
cjfa-37579	132	59	se	se	PROPN
cjfa-37579	133	1	d	d	PROPN
cjfa-37579	133	2	on	on	ADP
cjfa-37579	133	3	m	m	PROPN
cjfa-37579	133	4	ar	ar	PROPN
cjfa-37579	133	5	ke	ke	PROPN
cjfa-37579	133	6	t	t	PROPN
cjfa-37579	133	7	ca	can	AUX
cjfa-37579	133	8	pi	pi	VERB
cjfa-37579	133	9	ta	ta	X
cjfa-37579	133	10	lis	li	NOUN
cjfa-37579	133	11	at	at	ADP
cjfa-37579	133	12	io	io	PROPN
cjfa-37579	133	13	n	n	ADV
cjfa-37579	133	14	an	an	PROPN
cjfa-37579	133	15	d	d	X
cjfa-37579	133	16	m	m	NOUN
cjfa-37579	133	17	et	et	NOUN
cjfa-37579	133	18	ho	ho	PROPN
cjfa-37579	133	19	d	d	X
cjfa-37579	133	20	th	th	X
cjfa-37579	133	21	at	at	ADP
cjfa-37579	133	22	c	c	PROPN
cjfa-37579	133	23	ap	ap	PROPN
cjfa-37579	133	24	tu	tu	PROPN
cjfa-37579	133	25	re	re	X
cjfa-37579	133	26	s	s	PROPN
cjfa-37579	133	27	th	th	X
cjfa-37579	133	28	e	e	X
cjfa-37579	133	29	pe	pe	PROPN
cjfa-37579	133	30	rfo	rfo	PROPN
cjfa-37579	133	31	rm	rm	PROPN
cjfa-37579	133	32	an	an	PROPN
cjfa-37579	133	33	ce	ce	PROPN
cjfa-37579	133	34	o	o	X
cjfa-37579	133	35	f	f	X
cjfa-37579	133	36	l	l	PROPN
cjfa-37579	133	37	ist	ist	PROPN
cjfa-37579	133	38	ed	ed	NOUN
cjfa-37579	134	1	c	c	PROPN
cjfa-37579	134	2	om	om	PROPN
cjfa-37579	134	3	pa	pa	PROPN
cjfa-37579	134	4	ni	ni	PROPN
cjfa-37579	134	5	es	es	PROPN
cjfa-37579	134	6	in	in	ADP
cjfa-37579	134	7	th	th	ADP
cjfa-37579	134	8	e	e	NOUN
cjfa-37579	134	9	in	in	ADP
cjfa-37579	134	10	du	du	PROPN
cjfa-37579	134	11	str	str	PROPN
cjfa-37579	134	12	ia	ia	PROPN
cjfa-37579	134	13	l	l	PROPN
cjfa-37579	134	14	s	s	PART
cjfa-37579	134	15	ec	ec	PROPN
cjfa-37579	134	16	to	to	PART
cjfa-37579	134	17	r.	r.	PROPN
cjfa-37579	134	18	n	n	X
cjfa-37579	134	19	se	se	X
cjfa-37579	134	20	n	n	X
cjfa-37579	134	21	se	se	X
cjfa-37579	135	1	in	in	ADP
cjfa-37579	135	2	s	s	PRON
cjfa-37579	135	3	it	it	PRON
cjfa-37579	135	4	is	be	AUX
cjfa-37579	135	5	th	th	X
cjfa-37579	135	6	e	e	NOUN
cjfa-37579	135	7	pr	pr	NOUN
cjfa-37579	135	8	ic	ic	PROPN
cjfa-37579	135	9	e	e	PROPN
cjfa-37579	135	10	in	in	ADP
cjfa-37579	135	11	de	de	X
cjfa-37579	135	12	x	x	X
cjfa-37579	135	13	th	th	X
cjfa-37579	135	14	at	at	ADP
cjfa-37579	135	15	c	c	PROPN
cjfa-37579	135	16	ap	ap	PROPN
cjfa-37579	135	17	tu	tu	PROPN
cjfa-37579	135	18	re	re	X
cjfa-37579	135	19	s	s	PROPN
cjfa-37579	135	20	t	t	PROPN
cjfa-37579	135	21	he	he	PRON
cjfa-37579	136	1	p	p	X
cjfa-37579	136	2	er	er	INTJ
cjfa-37579	136	3	fo	fo	INTJ
cjfa-37579	136	4	rm	rm	PROPN
cjfa-37579	136	5	an	an	DET
cjfa-37579	136	6	ce	ce	PROPN
cjfa-37579	136	7	o	o	X
cjfa-37579	136	8	f	f	X
cjfa-37579	136	9	l	l	PROPN
cjfa-37579	136	10	ist	ist	NOUN
cjfa-37579	136	11	ed	ed	NOUN
cjfa-37579	136	12	in	in	ADP
cjfa-37579	136	13	su	su	PROPN
cjfa-37579	136	14	ra	ra	PROPN
cjfa-37579	136	15	nc	nc	PROPN
cjfa-37579	136	16	e	e	PROPN
cjfa-37579	136	17	co	co	VERB
cjfa-37579	136	18	m	m	PROPN
cjfa-37579	136	19	pa	pa	PROPN
cjfa-37579	136	20	ni	ni	PROPN
cjfa-37579	136	21	es	es	PROPN
cjfa-37579	136	22	w	w	PROPN
cjfa-37579	136	23	ith	ith	PROPN
cjfa-37579	136	24	th	th	PROPN
cjfa-37579	136	25	e	e	NOUN
cjfa-37579	136	26	m	m	VERB
cjfa-37579	136	27	os	os	NOUN
cjfa-37579	136	28	t	t	PROPN
cjfa-37579	136	29	c	c	PROPN
cjfa-37579	136	30	ap	ap	PROPN
cjfa-37579	136	31	ita	ita	PROPN
cjfa-37579	136	32	lis	lis	PROPN
cjfa-37579	136	33	at	at	ADP
cjfa-37579	136	34	io	io	PROPN
cjfa-37579	136	35	n	n	PRON
cjfa-37579	136	36	an	an	PRON
cjfa-37579	136	37	d	d	NOUN
cjfa-37579	136	38	liq	liq	NOUN
cjfa-37579	136	39	ui	ui	PROPN
cjfa-37579	136	40	di	di	PROPN
cjfa-37579	136	41	t	t	PROPN
cjfa-37579	136	42	y	y	PROPN
cjfa-37579	136	43	.	.	PUNCT
cjfa-37579	137	1	n	n	PROPN
cjfa-37579	137	2	se	se	X
cjfa-37579	137	3	n	n	X
cjfa-37579	137	4	se	se	X
cjfa-37579	137	5	is	be	AUX
cjfa-37579	137	6	l	l	ADJ
cjfa-37579	137	7	it	it	PRON
cjfa-37579	137	8	is	be	AUX
cjfa-37579	137	9	th	th	X
cjfa-37579	137	10	e	e	NOUN
cjfa-37579	137	11	pr	pr	NOUN
cjfa-37579	137	12	ic	ic	PROPN
cjfa-37579	137	13	e	e	PROPN
cjfa-37579	137	14	in	in	ADP
cjfa-37579	137	15	de	de	X
cjfa-37579	137	16	x	x	SYM
cjfa-37579	137	17	ba	ba	PROPN
cjfa-37579	137	18	se	se	PROPN
cjfa-37579	137	19	d	d	PROPN
cjfa-37579	137	20	on	on	ADP
cjfa-37579	137	21	th	th	NUM
cjfa-37579	137	22	e	e	X
cjfa-37579	137	23	re	re	X
cjfa-37579	137	24	qu	qu	PROPN
cjfa-37579	137	25	ire	ire	VERB
cjfa-37579	137	26	m	m	VERB
cjfa-37579	137	27	en	en	ADP
cjfa-37579	137	28	ts	ts	ADP
cjfa-37579	137	29	of	of	ADP
cjfa-37579	137	30	th	th	X
cjfa-37579	138	1	e	e	X
cjfa-37579	138	2	sh	sh	PROPN
cjfa-37579	138	3	ar	ar	PROPN
cjfa-37579	138	4	i’a	i’a	PROPN
cjfa-37579	138	5	h	h	PROPN
cjfa-37579	139	1	a	a	DET
cjfa-37579	139	2	dv	dv	PROPN
cjfa-37579	139	3	iso	iso	PROPN
cjfa-37579	139	4	ry	ry	PROPN
cjfa-37579	139	5	b	b	PROPN
cjfa-37579	139	6	oa	oa	PROPN
cjfa-37579	139	7	rd	rd	NOUN
cjfa-37579	139	8	th	th	X
cjfa-37579	139	9	at	at	ADP
cjfa-37579	139	10	ca	can	AUX
cjfa-37579	139	11	pt	pt	INTJ
cjfa-37579	139	12	ur	ur	INTJ
cjfa-37579	139	13	es	es	X
cjfa-37579	139	14	th	th	X
cjfa-37579	139	15	e	e	X
cjfa-37579	139	16	pe	pe	PROPN
cjfa-37579	139	17	rfo	rfo	PROPN
cjfa-37579	139	18	rm	rm	PROPN
cjfa-37579	139	19	an	an	PROPN
cjfa-37579	139	20	ce	ce	PROPN
cjfa-37579	139	21	o	o	X
cjfa-37579	139	22	f	f	X
cjfa-37579	139	23	f	f	PROPN
cjfa-37579	139	24	ift	ift	PROPN
cjfa-37579	139	25	ee	ee	PROPN
cjfa-37579	139	26	n	n	PROPN
cjfa-37579	139	27	sh	sh	PROPN
cjfa-37579	139	28	ar	ar	PROPN
cjfa-37579	139	29	i'a	i'a	PROPN
cjfa-37579	139	30	hco	hco	PROPN
cjfa-37579	139	31	m	m	VERB
cjfa-37579	139	32	pl	pl	PROPN
cjfa-37579	139	33	ia	ia	PROPN
cjfa-37579	139	34	nt	nt	PROPN
cjfa-37579	139	35	li	li	PROPN
cjfa-37579	140	1	ste	ste	PROPN
cjfa-37579	141	1	d	d	X
cjfa-37579	142	1	co	co	VERB
cjfa-37579	142	2	m	m	PROPN
cjfa-37579	142	3	pa	pa	PROPN
cjfa-37579	142	4	ni	ni	PROPN
cjfa-37579	142	5	es	es	PROPN
cjfa-37579	142	6	.	.	PUNCT
cjfa-37579	143	1	n	n	PROPN
cjfa-37579	143	2	se	se	X
cjfa-37579	143	3	n	n	X
cjfa-37579	143	4	se	se	X
cjfa-37579	143	5	o	o	PROPN
cjfa-37579	144	1	il	il	INTJ
cjfa-37579	144	2	it	it	PRON
cjfa-37579	144	3	is	be	AUX
cjfa-37579	144	4	th	th	X
cjfa-37579	144	5	e	e	NOUN
cjfa-37579	144	6	pr	pr	NOUN
cjfa-37579	144	7	ic	ic	PROPN
cjfa-37579	144	8	e	e	PROPN
cjfa-37579	144	9	in	in	ADP
cjfa-37579	144	10	de	de	X
cjfa-37579	144	11	x	x	SYM
cjfa-37579	144	12	ba	ba	PROPN
cjfa-37579	144	13	se	se	PROPN
cjfa-37579	145	1	d	d	PROPN
cjfa-37579	145	2	on	on	ADP
cjfa-37579	145	3	m	m	PROPN
cjfa-37579	145	4	ar	ar	PROPN
cjfa-37579	145	5	ke	ke	PROPN
cjfa-37579	145	6	t	t	PROPN
cjfa-37579	145	7	ca	can	AUX
cjfa-37579	145	8	pi	pi	VERB
cjfa-37579	145	9	ta	ta	X
cjfa-37579	145	10	lis	li	NOUN
cjfa-37579	145	11	at	at	ADP
cjfa-37579	145	12	io	io	PROPN
cjfa-37579	146	1	n	n	ADV
cjfa-37579	146	2	m	m	PROPN
cjfa-37579	146	3	et	et	NOUN
cjfa-37579	146	4	ho	ho	PROPN
cjfa-37579	146	5	do	do	AUX
cjfa-37579	146	6	lo	lo	PROPN
cjfa-37579	146	7	gy	gy	PROPN
cjfa-37579	146	8	t	t	PROPN
cjfa-37579	147	1	ha	ha	INTJ
cjfa-37579	147	2	t	t	PROPN
cjfa-37579	147	3	ca	can	AUX
cjfa-37579	147	4	pt	pt	INTJ
cjfa-37579	147	5	ur	ur	INTJ
cjfa-37579	147	6	es	es	X
cjfa-37579	147	7	t	t	PROPN
cjfa-37579	148	1	he	he	PRON
cjfa-37579	148	2	pe	pe	PROPN
cjfa-37579	148	3	rfo	rfo	PROPN
cjfa-37579	148	4	rm	rm	PROPN
cjfa-37579	148	5	an	an	PROPN
cjfa-37579	148	6	ce	ce	PROPN
cjfa-37579	148	7	o	o	X
cjfa-37579	148	8	f	f	X
cjfa-37579	148	9	l	l	PROPN
cjfa-37579	148	10	ist	ist	PROPN
cjfa-37579	149	1	ed	ed	NOUN
cjfa-37579	149	2	c	c	PROPN
cjfa-37579	149	3	om	om	PROPN
cjfa-37579	149	4	pa	pa	PROPN
cjfa-37579	149	5	ni	ni	PROPN
cjfa-37579	149	6	es	es	PROPN
cjfa-37579	149	7	in	in	ADP
cjfa-37579	149	8	th	th	NUM
cjfa-37579	149	9	e	e	X
cjfa-37579	149	10	oi	oi	PROPN
cjfa-37579	149	11	l	l	PROPN
cjfa-37579	149	12	a	a	DET
cjfa-37579	149	13	nd	nd	NOUN
cjfa-37579	149	14	g	g	NOUN
cjfa-37579	149	15	as	as	ADP
cjfa-37579	149	16	se	se	PROPN
cjfa-37579	149	17	ct	ct	PROPN
cjfa-37579	149	18	or	or	CCONJ
cjfa-37579	149	19	n	n	PROPN
cjfa-37579	149	20	se	se	X
cjfa-37579	149	21	n	n	X
cjfa-37579	149	22	se	se	X
cjfa-37579	149	23	pe	pe	PROPN
cjfa-37579	150	1	n	n	CCONJ
cjfa-37579	150	2	it	it	PRON
cjfa-37579	150	3	is	be	AUX
cjfa-37579	150	4	th	th	X
cjfa-37579	150	5	e	e	NOUN
cjfa-37579	150	6	pr	pr	NOUN
cjfa-37579	150	7	ic	ic	PROPN
cjfa-37579	150	8	e	e	PROPN
cjfa-37579	150	9	in	in	ADP
cjfa-37579	150	10	de	de	X
cjfa-37579	150	11	x	x	X
cjfa-37579	150	12	th	th	X
cjfa-37579	150	13	at	at	ADP
cjfa-37579	150	14	c	c	PROPN
cjfa-37579	150	15	ap	ap	PROPN
cjfa-37579	150	16	tu	tu	PROPN
cjfa-37579	150	17	re	re	X
cjfa-37579	150	18	s	s	PROPN
cjfa-37579	150	19	th	th	X
cjfa-37579	150	20	e	e	NOUN
cjfa-37579	150	21	to	to	ADP
cjfa-37579	150	22	p	p	PROPN
cjfa-37579	150	23	fo	fo	INTJ
cjfa-37579	150	24	rty	rty	PROPN
cjfa-37579	150	25	li	li	PROPN
cjfa-37579	151	1	ste	ste	PROPN
cjfa-37579	152	1	d	d	X
cjfa-37579	153	1	co	co	VERB
cjfa-37579	153	2	m	m	PROPN
cjfa-37579	153	3	pa	pa	PROPN
cjfa-37579	153	4	ni	ni	PROPN
cjfa-37579	153	5	es	es	X
cjfa-37579	153	6	in	in	ADP
cjfa-37579	153	7	te	te	PROPN
cjfa-37579	153	8	rm	rm	PROPN
cjfa-37579	153	9	s	s	PROPN
cjfa-37579	153	10	of	of	ADP
cjfa-37579	153	11	a	a	DET
cjfa-37579	153	12	dj	dj	NOUN
cjfa-37579	153	13	us	we	PRON
cjfa-37579	153	14	te	te	PROPN
cjfa-37579	153	15	d	d	X
cjfa-37579	153	16	(	(	PUNCT
cjfa-37579	153	17	fr	fr	INTJ
cjfa-37579	153	18	ee	ee	PROPN
cjfa-37579	154	1	fl	fl	INTJ
cjfa-37579	155	1	oa	oa	INTJ
cjfa-37579	155	2	t	t	PROPN
cjfa-37579	156	1	f	f	X
cjfa-37579	156	2	ac	ac	PROPN
cjfa-37579	156	3	to	to	ADP
cjfa-37579	156	4	r	r	NOUN
cjfa-37579	156	5	)	)	PUNCT
cjfa-37579	156	6	m	m	PROPN
cjfa-37579	156	7	ar	ar	NOUN
cjfa-37579	156	8	ke	ke	PROPN
cjfa-37579	156	9	t	t	PROPN
cjfa-37579	156	10	c	c	PROPN
cjfa-37579	156	11	ap	ap	PROPN
cjfa-37579	156	12	ita	ita	PROPN
cjfa-37579	156	13	lis	lis	PROPN
cjfa-37579	156	14	at	at	ADP
cjfa-37579	156	15	io	io	PROPN
cjfa-37579	156	16	n	n	PRON
cjfa-37579	156	17	an	an	PRON
cjfa-37579	156	18	d	d	NOUN
cjfa-37579	156	19	liq	liq	NOUN
cjfa-37579	156	20	ui	ui	PROPN
cjfa-37579	156	21	di	di	PROPN
cjfa-37579	156	22	t	t	PROPN
cjfa-37579	156	23	y	y	PROPN
cjfa-37579	156	24	n	n	PROPN
cjfa-37579	156	25	se	se	X
cjfa-37579	156	26	n	n	X
cjfa-37579	156	27	se	se	X
cjfa-37579	156	28	pr	pr	X
cjfa-37579	157	1	e	e	X
cjfa-37579	157	2	it	it	PRON
cjfa-37579	157	3	is	be	AUX
cjfa-37579	157	4	th	th	X
cjfa-37579	157	5	e	e	NOUN
cjfa-37579	157	6	pr	pr	NOUN
cjfa-37579	157	7	ic	ic	PROPN
cjfa-37579	157	8	e	e	PROPN
cjfa-37579	157	9	in	in	ADP
cjfa-37579	157	10	de	de	X
cjfa-37579	157	11	x	x	X
cjfa-37579	157	12	th	th	X
cjfa-37579	157	13	at	at	ADP
cjfa-37579	157	14	tr	tr	VERB
cjfa-37579	157	15	ac	ac	PROPN
cjfa-37579	157	16	ks	ks	PROPN
cjfa-37579	157	17	th	th	X
cjfa-37579	157	18	e	e	X
cjfa-37579	157	19	pe	pe	PROPN
cjfa-37579	157	20	rfo	rfo	PROPN
cjfa-37579	157	21	rm	rm	PROPN
cjfa-37579	157	22	an	an	PROPN
cjfa-37579	157	23	ce	ce	PROPN
cjfa-37579	157	24	o	o	X
cjfa-37579	157	25	f	f	PROPN
cjfa-37579	157	26	fu	fu	PROPN
cjfa-37579	158	1	lly	lly	ADV
cjfa-37579	158	2	p	p	X
cjfa-37579	158	3	ai	ai	VERB
cjfa-37579	158	4	d	d	PROPN
cjfa-37579	158	5	up	up	ADP
cjfa-37579	158	6	o	o	PROPN
cjfa-37579	158	7	rd	rd	PROPN
cjfa-37579	158	8	in	in	ADP
cjfa-37579	158	9	ar	ar	PROPN
cjfa-37579	158	10	y	y	PROPN
cjfa-37579	158	11	sh	sh	PROPN
cjfa-37579	158	12	ar	ar	PROPN
cjfa-37579	158	13	es	es	X
cjfa-37579	158	14	o	o	PROPN
cjfa-37579	158	15	f	f	X
cjfa-37579	158	16	co	co	NOUN
cjfa-37579	158	17	m	m	PROPN
cjfa-37579	158	18	pa	pa	PROPN
cjfa-37579	158	19	ni	ni	PROPN
cjfa-37579	158	20	es	es	PROPN
cjfa-37579	158	21	li	li	PROPN
cjfa-37579	158	22	ste	ste	PROPN
cjfa-37579	158	23	d	d	PROPN
cjfa-37579	158	24	on	on	ADP
cjfa-37579	158	25	th	th	ADP
cjfa-37579	158	26	e	e	NOUN
cjfa-37579	158	27	pr	pr	VERB
cjfa-37579	158	28	em	em	PRON
cjfa-37579	158	29	iu	iu	ADP
cjfa-37579	158	30	m	m	PROPN
cjfa-37579	158	31	b	b	PROPN
cjfa-37579	158	32	oa	oa	PROPN
cjfa-37579	158	33	rd	rd	PROPN
cjfa-37579	158	34	n	n	PROPN
cjfa-37579	158	35	se	se	X
cjfa-37579	158	36	n	n	X
cjfa-37579	158	37	se	se	X
cjfa-37579	158	38	a	a	DET
cjfa-37579	158	39	ll	ll	NOUN
cjfa-37579	158	40	it	it	PRON
cjfa-37579	158	41	is	be	AUX
cjfa-37579	158	42	th	th	X
cjfa-37579	158	43	e	e	X
cjfa-37579	158	44	cr	cr	PROPN
cjfa-37579	158	45	os	os	PROPN
cjfa-37579	159	1	sse	sse	PROPN
cjfa-37579	159	2	ct	ct	PROPN
cjfa-37579	159	3	io	io	PROPN
cjfa-37579	159	4	n	n	PROPN
cjfa-37579	159	5	of	of	ADP
cjfa-37579	159	6	th	th	X
cjfa-37579	159	7	e	e	X
cjfa-37579	159	8	te	te	PROPN
cjfa-37579	159	9	n	n	ADV
cjfa-37579	159	10	pr	pr	VERB
cjfa-37579	159	11	ic	ic	PROPN
cjfa-37579	159	12	e	e	PROPN
cjfa-37579	159	13	in	in	ADP
cjfa-37579	159	14	de	de	PROPN
cjfa-37579	159	15	xe	xe	PROPN
cjfa-37579	159	16	s	s	PROPN
cjfa-37579	159	17	l	l	PROPN
cjfa-37579	159	18	ist	ist	NOUN
cjfa-37579	159	19	ed	ed	NOUN
cjfa-37579	159	20	a	a	DET
cjfa-37579	159	21	bo	bo	PROPN
cjfa-37579	159	22	ve	ve	VERB
cjfa-37579	159	23	co	co	VERB
cjfa-37579	159	24	m	m	PROPN
cjfa-37579	159	25	pu	pu	PROPN
cjfa-37579	159	26	te	te	PROPN
cjfa-37579	160	1	d	d	PROPN
cjfa-37579	160	2	so	so	ADV
cjfa-37579	160	3	ur	ur	INTJ
cjfa-37579	160	4	ce	ce	PROPN
cjfa-37579	160	5	:	:	PUNCT
cjfa-37579	160	6	n	n	CCONJ
cjfa-37579	160	7	ig	ig	PROPN
cjfa-37579	160	8	er	er	INTJ
cjfa-37579	160	9	ia	ia	PROPN
cjfa-37579	160	10	n	n	PROPN
cjfa-37579	160	11	st	st	PROPN
cjfa-37579	161	1	oc	oc	AUX
cjfa-37579	161	2	k	k	PROPN
cjfa-37579	161	3	ex	ex	X
cjfa-37579	161	4	ch	ch	PROPN
cjfa-37579	161	5	an	an	DET
cjfa-37579	161	6	ge	ge	PROPN
cjfa-37579	161	7	(	(	PUNCT
cjfa-37579	161	8	n	n	X
cjfa-37579	161	9	se	se	X
cjfa-37579	161	10	)	)	PUNCT
cjfa-37579	161	11	.	.	PUNCT
cjfa-37579	162	1	fi	fi	PROPN
cjfa-37579	162	2	gu	gu	X
cjfa-37579	162	3	re	re	NOUN
cjfa-37579	162	4	1	1	NUM
cjfa-37579	162	5	.	.	PUNCT
cjfa-37579	163	1	g	g	PROPN
cjfa-37579	163	2	ra	ra	PROPN
cjfa-37579	163	3	ph	ph	PROPN
cjfa-37579	163	4	ic	ic	PROPN
cjfa-37579	163	5	al	al	PROPN
cjfa-37579	163	6	p	p	PROPN
cjfa-37579	163	7	re	re	X
cjfa-37579	163	8	se	se	PROPN
cjfa-37579	163	9	nt	not	PART
cjfa-37579	163	10	at	at	ADP
cjfa-37579	163	11	io	io	PROPN
cjfa-37579	163	12	n	n	ADP
cjfa-37579	163	13	of	of	ADP
cjfa-37579	163	14	th	th	X
cjfa-37579	164	1	e	e	X
cjfa-37579	164	2	se	se	X
cjfa-37579	164	3	le	le	PROPN
cjfa-37579	164	4	ct	ct	PROPN
cjfa-37579	164	5	ed	ed	PROPN
cjfa-37579	164	6	s	s	PROPN
cjfa-37579	164	7	ec	ec	PROPN
cjfa-37579	164	8	to	to	ADP
cjfa-37579	164	9	ra	ra	PROPN
cjfa-37579	164	10	l	l	NOUN
cjfa-37579	164	11	s	s	X
cjfa-37579	164	12	ha	ha	INTJ
cjfa-37579	164	13	re	re	ADP
cjfa-37579	164	14	in	in	ADP
cjfa-37579	164	15	de	de	X
cjfa-37579	164	16	x	x	X
cjfa-37579	164	17	on	on	ADP
cjfa-37579	164	18	th	th	NUM
cjfa-37579	164	19	e	e	X
cjfa-37579	164	20	n	n	CCONJ
cjfa-37579	164	21	ig	ig	PROPN
cjfa-37579	164	22	er	er	INTJ
cjfa-37579	164	23	ia	ia	PROPN
cjfa-37579	164	24	n	n	PROPN
cjfa-37579	164	25	st	st	PROPN
cjfa-37579	164	26	oc	oc	PROPN
cjfa-37579	165	1	k	k	PROPN
cjfa-37579	165	2	ex	ex	X
cjfa-37579	165	3	ch	ch	PROPN
cjfa-37579	165	4	an	an	DET
cjfa-37579	165	5	ge	ge	PROPN
cjfa-37579	166	1	so	so	ADV
cjfa-37579	166	2	ur	ur	INTJ
cjfa-37579	166	3	ce	ce	PROPN
cjfa-37579	166	4	:	:	PUNCT
cjfa-37579	166	5	n	n	X
cjfa-37579	166	6	se	se	X
cjfa-37579	166	7	,	,	PUNCT
cjfa-37579	166	8	2	2	NUM
cjfa-37579	166	9	02	02	NUM
cjfa-37579	166	10	0	0	NUM
cjfa-37579	166	11	.	.	NOUN
cjfa-37579	166	12	1	1	NUM
cjfa-37579	166	13	,	,	PUNCT
cjfa-37579	166	14	00	00	NUM
cjfa-37579	166	15	0	0	NUM
cjfa-37579	166	16	1	1	NUM
cjfa-37579	166	17	,	,	PUNCT
cjfa-37579	166	18	50	50	NUM
cjfa-37579	166	19	0	0	NUM
cjfa-37579	166	20	2	2	NUM
cjfa-37579	166	21	,	,	PUNCT
cjfa-37579	166	22	00	00	NUM
cjfa-37579	166	23	0	0	NUM
cjfa-37579	166	24	2	2	NUM
cjfa-37579	166	25	,	,	PUNCT
cjfa-37579	166	26	50	50	NUM
cjfa-37579	166	27	0	0	NUM
cjfa-37579	166	28	3	3	NUM
cjfa-37579	166	29	,	,	PUNCT
cjfa-37579	166	30	00	00	NUM
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cjfa-37579	167	1	50	50	NUM
cjfa-37579	167	2	0	0	NUM
cjfa-37579	167	3	m	m	NUM
cjfa-37579	167	4	1	1	NUM
cjfa-37579	167	5	m	m	NUM
cjfa-37579	167	6	2	2	NUM
cjfa-37579	167	7	m	m	NOUN
cjfa-37579	167	8	3	3	NUM
cjfa-37579	167	9	m	m	NOUN
cjfa-37579	167	10	4	4	NUM
cjfa-37579	167	11	m	m	NUM
cjfa-37579	167	12	5	5	NUM
cjfa-37579	167	13	m	m	NUM
cjfa-37579	167	14	6	6	NUM
cjfa-37579	167	15	m	m	NOUN
cjfa-37579	167	16	7	7	NUM
cjfa-37579	167	17	m	m	NUM
cjfa-37579	167	18	8	8	NUM
cjfa-37579	167	19	m	m	NOUN
cjfa-37579	167	20	9	9	NUM
cjfa-37579	167	21	m	m	NUM
cjfa-37579	167	22	10	10	NUM
cjfa-37579	167	23	m	m	NUM
cjfa-37579	167	24	11	11	NUM
cjfa-37579	167	25	m	m	NOUN
cjfa-37579	167	26	12	12	NUM
cjfa-37579	167	27	20	20	NUM
cjfa-37579	167	28	20	20	NUM
cjfa-37579	167	29	ns	ns	NUM
cjfa-37579	167	30	ep	ep	PROPN
cjfa-37579	167	31	re	re	ADP
cjfa-37579	167	32	60	60	NUM
cjfa-37579	167	33	0	0	NUM
cjfa-37579	167	34	80	80	NUM
cjfa-37579	167	35	0	0	NUM
cjfa-37579	167	36	1	1	NUM
cjfa-37579	167	37	,	,	PUNCT
cjfa-37579	167	38	00	00	NUM
cjfa-37579	167	39	0	0	NUM
cjfa-37579	167	40	1	1	NUM
cjfa-37579	167	41	,	,	PUNCT
cjfa-37579	167	42	20	20	NUM
cjfa-37579	167	43	0	0	NUM
cjfa-37579	167	44	1	1	NUM
cjfa-37579	167	45	,	,	PUNCT
cjfa-37579	167	46	40	40	NUM
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cjfa-37579	167	48	1	1	NUM
cjfa-37579	167	49	,	,	PUNCT
cjfa-37579	167	50	60	60	NUM
cjfa-37579	167	51	0	0	NUM
cjfa-37579	167	52	m	m	NUM
cjfa-37579	167	53	1	1	NUM
cjfa-37579	167	54	m	m	NUM
cjfa-37579	167	55	2	2	NUM
cjfa-37579	167	56	m	m	NOUN
cjfa-37579	167	57	3	3	NUM
cjfa-37579	167	58	m	m	NOUN
cjfa-37579	167	59	4	4	NUM
cjfa-37579	167	60	m	m	NUM
cjfa-37579	167	61	5	5	NUM
cjfa-37579	167	62	m	m	NUM
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cjfa-37579	167	64	m	m	NOUN
cjfa-37579	167	65	7	7	NUM
cjfa-37579	167	66	m	m	NUM
cjfa-37579	167	67	8	8	NUM
cjfa-37579	167	68	m	m	NOUN
cjfa-37579	167	69	9	9	NUM
cjfa-37579	167	70	m	m	NUM
cjfa-37579	167	71	10	10	NUM
cjfa-37579	167	72	m	m	NUM
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cjfa-37579	167	74	m	m	NOUN
cjfa-37579	167	75	12	12	NUM
cjfa-37579	167	76	20	20	NUM
cjfa-37579	167	77	20	20	NUM
cjfa-37579	167	78	ns	ns	NUM
cjfa-37579	167	79	ep	ep	PROPN
cjfa-37579	167	80	en	en	ADP
cjfa-37579	167	81	16	16	NUM
cjfa-37579	167	82	0	0	NUM
cjfa-37579	167	83	18	18	NUM
cjfa-37579	167	84	0	0	NUM
cjfa-37579	167	85	20	20	NUM
cjfa-37579	167	86	0	0	NUM
cjfa-37579	167	87	22	22	NUM
cjfa-37579	167	88	0	0	NUM
cjfa-37579	167	89	24	24	NUM
cjfa-37579	167	90	0	0	NUM
cjfa-37579	167	91	26	26	NUM
cjfa-37579	167	92	0	0	NUM
cjfa-37579	167	93	m	m	NUM
cjfa-37579	167	94	1	1	NUM
cjfa-37579	167	95	m	m	NUM
cjfa-37579	167	96	2	2	NUM
cjfa-37579	167	97	m	m	NOUN
cjfa-37579	167	98	3	3	NUM
cjfa-37579	167	99	m	m	NOUN
cjfa-37579	167	100	4	4	NUM
cjfa-37579	167	101	m	m	NUM
cjfa-37579	167	102	5	5	NUM
cjfa-37579	167	103	m	m	NUM
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cjfa-37579	167	105	m	m	NOUN
cjfa-37579	167	106	7	7	NUM
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cjfa-37579	167	109	m	m	NOUN
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cjfa-37579	167	113	m	m	NUM
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cjfa-37579	167	115	m	m	NOUN
cjfa-37579	167	116	12	12	NUM
cjfa-37579	167	117	20	20	NUM
cjfa-37579	167	118	20	20	NUM
cjfa-37579	167	119	ns	ns	NUM
cjfa-37579	167	120	eo	eo	PROPN
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cjfa-37579	167	124	20	20	NUM
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cjfa-37579	167	132	00	00	NUM
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cjfa-37579	167	148	m	m	NUM
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cjfa-37579	167	152	m	m	NOUN
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cjfa-37579	167	154	m	m	NUM
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cjfa-37579	167	158	m	m	NOUN
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cjfa-37579	167	164	m	m	NUM
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cjfa-37579	167	166	m	m	NUM
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cjfa-37579	167	172	ns	ns	NUM
cjfa-37579	167	173	ei	ei	INTJ
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cjfa-37579	167	179	14	14	NUM
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cjfa-37579	167	186	0	0	NUM
cjfa-37579	167	187	m	m	NUM
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cjfa-37579	167	193	m	m	NOUN
cjfa-37579	167	194	4	4	NUM
cjfa-37579	167	195	m	m	NUM
cjfa-37579	167	196	5	5	NUM
cjfa-37579	167	197	m	m	NUM
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cjfa-37579	167	200	7	7	NUM
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cjfa-37579	167	203	m	m	NOUN
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cjfa-37579	167	205	m	m	NUM
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cjfa-37579	167	207	m	m	NUM
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cjfa-37579	167	209	m	m	NOUN
cjfa-37579	167	210	12	12	NUM
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cjfa-37579	167	213	ns	ns	NUM
cjfa-37579	167	214	ei	ei	NOUN
cjfa-37579	167	215	ns	ns	NUM
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cjfa-37579	167	218	1	1	NUM
cjfa-37579	167	219	,	,	PUNCT
cjfa-37579	167	220	00	00	NUM
cjfa-37579	167	221	0	0	NUM
cjfa-37579	167	222	1	1	NUM
cjfa-37579	167	223	,	,	PUNCT
cjfa-37579	167	224	20	20	NUM
cjfa-37579	167	225	0	0	NUM
cjfa-37579	167	226	1	1	NUM
cjfa-37579	167	227	,	,	PUNCT
cjfa-37579	167	228	40	40	NUM
cjfa-37579	167	229	0	0	NUM
cjfa-37579	167	230	1	1	NUM
cjfa-37579	167	231	,	,	PUNCT
cjfa-37579	167	232	60	60	NUM
cjfa-37579	167	233	0	0	NUM
cjfa-37579	167	234	1	1	NUM
cjfa-37579	167	235	,	,	PUNCT
cjfa-37579	167	236	80	80	NUM
cjfa-37579	167	237	0	0	NUM
cjfa-37579	167	238	2	2	NUM
cjfa-37579	167	239	,	,	PUNCT
cjfa-37579	167	240	00	00	NUM
cjfa-37579	167	241	0	0	NUM
cjfa-37579	167	242	2	2	NUM
cjfa-37579	167	243	,	,	PUNCT
cjfa-37579	167	244	20	20	NUM
cjfa-37579	167	245	0	0	NUM
cjfa-37579	167	246	m	m	NUM
cjfa-37579	167	247	1	1	NUM
cjfa-37579	167	248	m	m	NUM
cjfa-37579	167	249	2	2	NUM
cjfa-37579	167	250	m	m	NOUN
cjfa-37579	167	251	3	3	NUM
cjfa-37579	167	252	m	m	NOUN
cjfa-37579	167	253	4	4	NUM
cjfa-37579	167	254	m	m	NUM
cjfa-37579	167	255	5	5	NUM
cjfa-37579	167	256	m	m	NUM
cjfa-37579	167	257	6	6	NUM
cjfa-37579	167	258	m	m	NOUN
cjfa-37579	167	259	7	7	NUM
cjfa-37579	167	260	m	m	NUM
cjfa-37579	167	261	8	8	NUM
cjfa-37579	167	262	m	m	NOUN
cjfa-37579	167	263	9	9	NUM
cjfa-37579	167	264	m	m	NUM
cjfa-37579	167	265	10	10	NUM
cjfa-37579	167	266	m	m	NUM
cjfa-37579	167	267	11	11	NUM
cjfa-37579	167	268	m	m	NOUN
cjfa-37579	167	269	12	12	NUM
cjfa-37579	167	270	20	20	NUM
cjfa-37579	167	271	20	20	NUM
cjfa-37579	167	272	ns	ns	NUM
cjfa-37579	167	273	ei	ei	PROPN
cjfa-37579	167	274	nd	nd	ADV
cjfa-37579	167	275	30	30	NUM
cjfa-37579	167	276	0	0	NUM
cjfa-37579	167	277	40	40	NUM
cjfa-37579	167	278	0	0	NUM
cjfa-37579	167	279	50	50	NUM
cjfa-37579	167	280	0	0	NUM
cjfa-37579	167	281	60	60	NUM
cjfa-37579	167	282	0	0	NUM
cjfa-37579	167	283	70	70	NUM
cjfa-37579	167	284	0	0	NUM
cjfa-37579	167	285	m	m	NUM
cjfa-37579	167	286	1	1	NUM
cjfa-37579	167	287	m	m	NUM
cjfa-37579	167	288	2	2	NUM
cjfa-37579	167	289	m	m	NOUN
cjfa-37579	167	290	3	3	NUM
cjfa-37579	167	291	m	m	NOUN
cjfa-37579	167	292	4	4	NUM
cjfa-37579	167	293	m	m	NUM
cjfa-37579	167	294	5	5	NUM
cjfa-37579	167	295	m	m	NUM
cjfa-37579	167	296	6	6	NUM
cjfa-37579	167	297	m	m	NOUN
cjfa-37579	167	298	7	7	NUM
cjfa-37579	167	299	m	m	NUM
cjfa-37579	167	300	8	8	NUM
cjfa-37579	167	301	m	m	NOUN
cjfa-37579	167	302	9	9	NUM
cjfa-37579	167	303	m	m	NUM
cjfa-37579	167	304	10	10	NUM
cjfa-37579	167	305	m	m	NUM
cjfa-37579	167	306	11	11	NUM
cjfa-37579	167	307	m	m	NOUN
cjfa-37579	167	308	12	12	NUM
cjfa-37579	167	309	20	20	NUM
cjfa-37579	167	310	20	20	NUM
cjfa-37579	167	311	ns	ns	NUM
cjfa-37579	167	312	ec	ec	NOUN
cjfa-37579	167	313	o	o	NOUN
cjfa-37579	167	314	n	n	CCONJ
cjfa-37579	167	315	20	20	NUM
cjfa-37579	167	316	0	0	NUM
cjfa-37579	167	317	25	25	NUM
cjfa-37579	167	318	0	0	NUM
cjfa-37579	167	319	30	30	NUM
cjfa-37579	167	320	0	0	NUM
cjfa-37579	167	321	35	35	NUM
cjfa-37579	167	322	0	0	NUM
cjfa-37579	167	323	40	40	NUM
cjfa-37579	167	324	0	0	NUM
cjfa-37579	167	325	45	45	NUM
cjfa-37579	167	326	0	0	NUM
cjfa-37579	167	327	50	50	NUM
cjfa-37579	167	328	0	0	NUM
cjfa-37579	167	329	m	m	NUM
cjfa-37579	167	330	1	1	NUM
cjfa-37579	167	331	m	m	NUM
cjfa-37579	167	332	2	2	NUM
cjfa-37579	167	333	m	m	NOUN
cjfa-37579	167	334	3	3	NUM
cjfa-37579	167	335	m	m	NOUN
cjfa-37579	167	336	4	4	NUM
cjfa-37579	167	337	m	m	NUM
cjfa-37579	167	338	5	5	NUM
cjfa-37579	167	339	m	m	NUM
cjfa-37579	167	340	6	6	NUM
cjfa-37579	167	341	m	m	NOUN
cjfa-37579	167	342	7	7	NUM
cjfa-37579	167	343	m	m	NUM
cjfa-37579	167	344	8	8	NUM
cjfa-37579	167	345	m	m	NOUN
cjfa-37579	167	346	9	9	NUM
cjfa-37579	167	347	m	m	NUM
cjfa-37579	167	348	10	10	NUM
cjfa-37579	167	349	m	m	NUM
cjfa-37579	167	350	11	11	NUM
cjfa-37579	167	351	m	m	NOUN
cjfa-37579	167	352	12	12	NUM
cjfa-37579	167	353	20	20	NUM
cjfa-37579	167	354	20	20	NUM
cjfa-37579	167	355	ns	ns	NUM
cjfa-37579	167	356	eb	eb	PROPN
cjfa-37579	167	357	an	an	PRON
cjfa-37579	167	358	-4	-4	INTJ
cjfa-37579	167	359	000	000	NUM
cjfa-37579	167	360	40	40	NUM
cjfa-37579	167	361	0	0	NUM
cjfa-37579	167	362	80	80	NUM
cjfa-37579	167	363	0	0	NUM
cjfa-37579	167	364	1	1	NUM
cjfa-37579	167	365	,	,	PUNCT
cjfa-37579	167	366	20	20	NUM
cjfa-37579	167	367	0	0	NUM
cjfa-37579	167	368	1	1	NUM
cjfa-37579	167	369	,	,	PUNCT
cjfa-37579	167	370	60	60	NUM
cjfa-37579	167	371	0	0	NUM
cjfa-37579	167	372	2	2	NUM
cjfa-37579	167	373	,	,	PUNCT
cjfa-37579	167	374	00	00	NUM
cjfa-37579	167	375	0	0	NUM
cjfa-37579	168	1	m	m	VERB
cjfa-37579	168	2	1	1	NUM
cjfa-37579	168	3	m	m	NUM
cjfa-37579	168	4	2	2	NUM
cjfa-37579	168	5	m	m	NOUN
cjfa-37579	168	6	3	3	NUM
cjfa-37579	168	7	m	m	NOUN
cjfa-37579	168	8	4	4	NUM
cjfa-37579	168	9	m	m	NUM
cjfa-37579	168	10	5	5	NUM
cjfa-37579	168	11	m	m	NUM
cjfa-37579	168	12	6	6	NUM
cjfa-37579	168	13	m	m	NOUN
cjfa-37579	168	14	7	7	NUM
cjfa-37579	168	15	m	m	NUM
cjfa-37579	168	16	8	8	NUM
cjfa-37579	168	17	m	m	NOUN
cjfa-37579	168	18	9	9	NUM
cjfa-37579	168	19	m	m	NUM
cjfa-37579	168	20	10	10	NUM
cjfa-37579	168	21	m	m	NUM
cjfa-37579	168	22	11	11	NUM
cjfa-37579	168	23	m	m	NOUN
cjfa-37579	168	24	12	12	NUM
cjfa-37579	168	25	20	20	NUM
cjfa-37579	168	26	20	20	NUM
cjfa-37579	168	27	ns	ns	NUM
cjfa-37579	168	28	e5	e5	PROPN
cjfa-37579	168	29	0	0	NUM
cjfa-37579	168	30	80	80	NUM
cjfa-37579	168	31	0	0	NUM
cjfa-37579	168	32	1	1	NUM
cjfa-37579	168	33	,	,	PUNCT
cjfa-37579	168	34	00	00	NUM
cjfa-37579	168	35	0	0	NUM
cjfa-37579	168	36	1	1	NUM
cjfa-37579	168	37	,	,	PUNCT
cjfa-37579	168	38	20	20	NUM
cjfa-37579	168	39	0	0	NUM
cjfa-37579	168	40	1	1	NUM
cjfa-37579	168	41	,	,	PUNCT
cjfa-37579	168	42	40	40	NUM
cjfa-37579	168	43	0	0	NUM
cjfa-37579	168	44	1	1	NUM
cjfa-37579	168	45	,	,	PUNCT
cjfa-37579	168	46	60	60	NUM
cjfa-37579	168	47	0	0	NUM
cjfa-37579	168	48	1	1	NUM
cjfa-37579	168	49	,	,	PUNCT
cjfa-37579	168	50	80	80	NUM
cjfa-37579	168	51	0	0	NUM
cjfa-37579	168	52	m	m	NUM
cjfa-37579	168	53	1	1	NUM
cjfa-37579	168	54	m	m	NUM
cjfa-37579	168	55	2	2	NUM
cjfa-37579	168	56	m	m	NOUN
cjfa-37579	168	57	3	3	NUM
cjfa-37579	168	58	m	m	NOUN
cjfa-37579	168	59	4	4	NUM
cjfa-37579	168	60	m	m	NUM
cjfa-37579	168	61	5	5	NUM
cjfa-37579	168	62	m	m	NUM
cjfa-37579	168	63	6	6	NUM
cjfa-37579	168	64	m	m	NOUN
cjfa-37579	168	65	7	7	NUM
cjfa-37579	168	66	m	m	NUM
cjfa-37579	168	67	8	8	NUM
cjfa-37579	168	68	m	m	NOUN
cjfa-37579	168	69	9	9	NUM
cjfa-37579	168	70	m	m	NUM
cjfa-37579	168	71	10	10	NUM
cjfa-37579	168	72	m	m	NUM
cjfa-37579	168	73	11	11	NUM
cjfa-37579	168	74	m	m	NOUN
cjfa-37579	168	75	12	12	NUM
cjfa-37579	168	76	20	20	NUM
cjfa-37579	168	77	20	20	NUM
cjfa-37579	168	78	ns	ns	NUM
cjfa-37579	168	79	e3	e3	NOUN
cjfa-37579	168	80	0	0	NUM
cjfa-37579	168	81	fi	fi	NOUN
cjfa-37579	168	82	gu	gu	X
cjfa-37579	168	83	re	re	NOUN
cjfa-37579	168	84	1	1	NUM
cjfa-37579	168	85	.	.	PUNCT
cjfa-37579	169	1	g	g	PROPN
cjfa-37579	169	2	ra	ra	PROPN
cjfa-37579	169	3	ph	ph	PROPN
cjfa-37579	169	4	ic	ic	PROPN
cjfa-37579	169	5	al	al	PROPN
cjfa-37579	169	6	p	p	PROPN
cjfa-37579	169	7	re	re	X
cjfa-37579	169	8	se	se	PROPN
cjfa-37579	169	9	nt	not	PART
cjfa-37579	169	10	at	at	ADP
cjfa-37579	169	11	io	io	PROPN
cjfa-37579	169	12	n	n	ADP
cjfa-37579	169	13	of	of	ADP
cjfa-37579	169	14	th	th	X
cjfa-37579	170	1	e	e	X
cjfa-37579	170	2	se	se	X
cjfa-37579	170	3	le	le	PROPN
cjfa-37579	170	4	ct	ct	PROPN
cjfa-37579	170	5	ed	ed	PROPN
cjfa-37579	170	6	s	s	PROPN
cjfa-37579	170	7	ec	ec	PROPN
cjfa-37579	170	8	to	to	ADP
cjfa-37579	170	9	ra	ra	PROPN
cjfa-37579	170	10	l	l	NOUN
cjfa-37579	170	11	s	s	X
cjfa-37579	170	12	ha	ha	INTJ
cjfa-37579	170	13	re	re	ADP
cjfa-37579	170	14	in	in	ADP
cjfa-37579	170	15	de	de	X
cjfa-37579	170	16	x	x	X
cjfa-37579	170	17	on	on	ADP
cjfa-37579	170	18	th	th	NUM
cjfa-37579	170	19	e	e	X
cjfa-37579	170	20	n	n	CCONJ
cjfa-37579	170	21	ig	ig	PROPN
cjfa-37579	170	22	er	er	INTJ
cjfa-37579	170	23	ia	ia	PROPN
cjfa-37579	170	24	n	n	PROPN
cjfa-37579	170	25	st	st	PROPN
cjfa-37579	170	26	oc	oc	PROPN
cjfa-37579	171	1	k	k	PROPN
cjfa-37579	171	2	ex	ex	X
cjfa-37579	171	3	ch	ch	PROPN
cjfa-37579	171	4	an	an	DET
cjfa-37579	171	5	ge	ge	PROPN
cjfa-37579	171	6	s	s	PART
cjfa-37579	171	7	o	o	X
cjfa-37579	171	8	u	u	X
cjfa-37579	171	9	rc	rc	PROPN
cjfa-37579	171	10	e	e	PROPN
cjfa-37579	171	11	:	:	PUNCT
cjfa-37579	171	12	n	n	X
cjfa-37579	171	13	se	se	X
cjfa-37579	171	14	,	,	PUNCT
cjfa-37579	171	15	2	2	NUM
cjfa-37579	171	16	02	02	NUM
cjfa-37579	171	17	0	0	NUM
cjfa-37579	171	18	.	.	PUNCT
cjfa-37579	172	1	kamaldeen	kamaldeen	AUX
cjfa-37579	172	2	ibraheem	ibraheem	PROPN
cjfa-37579	172	3	nageri104	nageri104	PROPN
cjfa-37579	173	1	the	the	DET
cjfa-37579	173	2	sectoral	sectoral	ADJ
cjfa-37579	173	3	index	index	NOUN
cjfa-37579	173	4	,	,	PUNCT
cjfa-37579	173	5	as	as	SCONJ
cjfa-37579	173	6	shown	show	VERB
cjfa-37579	173	7	in	in	ADP
cjfa-37579	173	8	figure	figure	NOUN
cjfa-37579	173	9	1	1	NUM
cjfa-37579	173	10	,	,	PUNCT
cjfa-37579	173	11	indicates	indicate	VERB
cjfa-37579	173	12	that	that	SCONJ
cjfa-37579	173	13	the	the	DET
cjfa-37579	173	14	sectors	sector	NOUN
cjfa-37579	173	15	respond	respond	VERB
cjfa-37579	173	16	similarly	similarly	ADV
cjfa-37579	173	17	during	during	ADP
cjfa-37579	173	18	the	the	DET
cjfa-37579	173	19	early	early	ADJ
cjfa-37579	173	20	months	month	NOUN
cjfa-37579	173	21	of	of	ADP
cjfa-37579	173	22	the	the	DET
cjfa-37579	173	23	year	year	NOUN
cjfa-37579	173	24	and	and	CCONJ
cjfa-37579	173	25	at	at	ADP
cjfa-37579	173	26	the	the	DET
cjfa-37579	173	27	inception	inception	NOUN
cjfa-37579	173	28	of	of	ADP
cjfa-37579	173	29	covid-19	covid-19	PROPN
cjfa-37579	173	30	cases	case	NOUN
cjfa-37579	173	31	in	in	ADP
cjfa-37579	173	32	nigeria	nigeria	PRON
cjfa-37579	173	33	between	between	ADP
cjfa-37579	173	34	january	january	PROPN
cjfa-37579	173	35	(	(	PUNCT
cjfa-37579	173	36	m1	m1	NOUN
cjfa-37579	173	37	)	)	PUNCT
cjfa-37579	173	38	and	and	CCONJ
cjfa-37579	173	39	april	april	PROPN
cjfa-37579	173	40	(	(	PUNCT
cjfa-37579	173	41	m4	m4	PROPN
cjfa-37579	173	42	)	)	PUNCT
cjfa-37579	173	43	.	.	PUNCT
cjfa-37579	174	1	the	the	DET
cjfa-37579	174	2	sectorial	sectorial	ADJ
cjfa-37579	174	3	indexes	index	NOUN
cjfa-37579	174	4	were	be	AUX
cjfa-37579	174	5	increasing	increase	VERB
cjfa-37579	174	6	in	in	ADP
cjfa-37579	174	7	january	january	PROPN
cjfa-37579	174	8	(	(	PUNCT
cjfa-37579	174	9	m1	m1	PROPN
cjfa-37579	174	10	)	)	PUNCT
cjfa-37579	174	11	but	but	CCONJ
cjfa-37579	174	12	experienced	experience	VERB
cjfa-37579	174	13	a	a	DET
cjfa-37579	174	14	decline	decline	NOUN
cjfa-37579	174	15	afterwards	afterwards	ADV
cjfa-37579	174	16	till	till	SCONJ
cjfa-37579	174	17	around	around	ADP
cjfa-37579	174	18	march	march	PROPN
cjfa-37579	174	19	(	(	PUNCT
cjfa-37579	174	20	m3	m3	PROPN
cjfa-37579	174	21	)	)	PUNCT
cjfa-37579	174	22	and	and	CCONJ
cjfa-37579	174	23	april	april	PROPN
cjfa-37579	174	24	(	(	PUNCT
cjfa-37579	174	25	m4	m4	PROPN
cjfa-37579	174	26	)	)	PUNCT
cjfa-37579	174	27	.	.	PUNCT
cjfa-37579	175	1	this	this	PRON
cjfa-37579	175	2	was	be	AUX
cjfa-37579	175	3	the	the	DET
cjfa-37579	175	4	period	period	NOUN
cjfa-37579	175	5	when	when	SCONJ
cjfa-37579	175	6	covid-19	covid-19	PROPN
cjfa-37579	175	7	was	be	AUX
cjfa-37579	175	8	first	first	ADV
cjfa-37579	175	9	reported	report	VERB
cjfa-37579	175	10	and	and	CCONJ
cjfa-37579	175	11	various	various	ADJ
cjfa-37579	175	12	forms	form	NOUN
cjfa-37579	175	13	of	of	ADP
cjfa-37579	175	14	lockdown	lockdown	NOUN
cjfa-37579	175	15	were	be	AUX
cjfa-37579	175	16	also	also	ADV
cjfa-37579	175	17	announced	announce	VERB
cjfa-37579	175	18	in	in	ADP
cjfa-37579	175	19	nigeria	nigeria	PROPN
cjfa-37579	175	20	.	.	PUNCT
cjfa-37579	176	1	during	during	ADP
cjfa-37579	176	2	this	this	DET
cjfa-37579	176	3	period	period	NOUN
cjfa-37579	176	4	of	of	ADP
cjfa-37579	176	5	lockdowns	lockdown	NOUN
cjfa-37579	176	6	and	and	CCONJ
cjfa-37579	176	7	decline	decline	NOUN
cjfa-37579	176	8	,	,	PUNCT
cjfa-37579	176	9	various	various	ADJ
cjfa-37579	176	10	policy	policy	NOUN
cjfa-37579	176	11	responses	response	NOUN
cjfa-37579	176	12	by	by	ADP
cjfa-37579	176	13	different	different	ADJ
cjfa-37579	176	14	economic	economic	ADJ
cjfa-37579	176	15	agencies	agency	NOUN
cjfa-37579	176	16	were	be	AUX
cjfa-37579	176	17	announced	announce	VERB
cjfa-37579	176	18	and	and	CCONJ
cjfa-37579	176	19	implemented	implement	VERB
cjfa-37579	176	20	to	to	PART
cjfa-37579	176	21	cushion	cushion	VERB
cjfa-37579	176	22	the	the	DET
cjfa-37579	176	23	negative	negative	ADJ
cjfa-37579	176	24	effect	effect	NOUN
cjfa-37579	176	25	of	of	ADP
cjfa-37579	176	26	the	the	DET
cjfa-37579	176	27	pandemic	pandemic	NOUN
cjfa-37579	176	28	in	in	ADP
cjfa-37579	176	29	the	the	DET
cjfa-37579	176	30	country	country	NOUN
cjfa-37579	176	31	.	.	PUNCT
cjfa-37579	177	1	nseins	nsein	NOUN
cjfa-37579	177	2	started	start	VERB
cjfa-37579	177	3	to	to	PART
cjfa-37579	177	4	recover	recover	VERB
cjfa-37579	177	5	as	as	ADV
cjfa-37579	177	6	early	early	ADV
cjfa-37579	177	7	as	as	ADP
cjfa-37579	177	8	march	march	PROPN
cjfa-37579	177	9	(	(	PUNCT
cjfa-37579	177	10	m3	m3	PROPN
cjfa-37579	177	11	)	)	PUNCT
cjfa-37579	177	12	while	while	SCONJ
cjfa-37579	177	13	other	other	ADJ
cjfa-37579	177	14	sectors	sector	NOUN
cjfa-37579	177	15	started	start	VERB
cjfa-37579	177	16	recovering	recover	VERB
cjfa-37579	177	17	toward	toward	ADP
cjfa-37579	177	18	april	april	PROPN
cjfa-37579	177	19	(	(	PUNCT
cjfa-37579	177	20	m4	m4	PROPN
cjfa-37579	177	21	)	)	PUNCT
cjfa-37579	177	22	,	,	PUNCT
cjfa-37579	177	23	afterwards	afterwards	ADV
cjfa-37579	177	24	the	the	DET
cjfa-37579	177	25	policy	policy	NOUN
cjfa-37579	177	26	responses	response	NOUN
cjfa-37579	177	27	,	,	PUNCT
cjfa-37579	177	28	except	except	SCONJ
cjfa-37579	177	29	for	for	ADP
cjfa-37579	177	30	nseoil	nseoil	NOUN
cjfa-37579	177	31	that	that	PRON
cjfa-37579	177	32	indicates	indicate	VERB
cjfa-37579	177	33	a	a	DET
cjfa-37579	177	34	second	second	ADJ
cjfa-37579	177	35	decline	decline	NOUN
cjfa-37579	177	36	around	around	ADP
cjfa-37579	177	37	may	may	PROPN
cjfa-37579	177	38	(	(	PUNCT
cjfa-37579	177	39	m5	m5	PROPN
cjfa-37579	177	40	)	)	PUNCT
cjfa-37579	177	41	towards	towards	ADP
cjfa-37579	177	42	june	june	PROPN
cjfa-37579	177	43	(	(	PUNCT
cjfa-37579	177	44	m6	m6	PROPN
cjfa-37579	177	45	)	)	PUNCT
cjfa-37579	177	46	.	.	PUNCT
cjfa-37579	178	1	the	the	DET
cjfa-37579	178	2	indexes	index	NOUN
cjfa-37579	178	3	indicate	indicate	VERB
cjfa-37579	178	4	different	different	ADJ
cjfa-37579	178	5	magnitude	magnitude	NOUN
cjfa-37579	178	6	because	because	SCONJ
cjfa-37579	178	7	the	the	DET
cjfa-37579	178	8	index	index	NOUN
cjfa-37579	178	9	value	value	NOUN
cjfa-37579	178	10	of	of	ADP
cjfa-37579	178	11	the	the	DET
cjfa-37579	178	12	sectors	sector	NOUN
cjfa-37579	178	13	varies	vary	VERB
cjfa-37579	178	14	,	,	PUNCT
cjfa-37579	178	15	the	the	DET
cjfa-37579	178	16	nsepre	nsepre	NOUN
cjfa-37579	178	17	has	have	VERB
cjfa-37579	178	18	the	the	DET
cjfa-37579	178	19	highest	high	ADJ
cjfa-37579	178	20	index	index	NOUN
cjfa-37579	178	21	followed	follow	VERB
cjfa-37579	178	22	by	by	ADP
cjfa-37579	178	23	nseisl	nseisl	NOUN
cjfa-37579	178	24	while	while	SCONJ
cjfa-37579	178	25	the	the	DET
cjfa-37579	178	26	lowest	low	ADJ
cjfa-37579	178	27	index	index	NOUN
cjfa-37579	178	28	is	be	AUX
cjfa-37579	178	29	shown	show	VERB
cjfa-37579	178	30	by	by	ADP
cjfa-37579	178	31	nseins	nsein	NOUN
cjfa-37579	178	32	.	.	PUNCT
cjfa-37579	179	1	theoretical	theoretical	ADJ
cjfa-37579	179	2	framework	framework	NOUN
cjfa-37579	179	3	stock	stock	NOUN
cjfa-37579	179	4	returns	return	NOUN
cjfa-37579	179	5	exhibit	exhibit	VERB
cjfa-37579	179	6	stochastic	stochastic	ADJ
cjfa-37579	179	7	volatility	volatility	NOUN
cjfa-37579	179	8	and	and	CCONJ
cjfa-37579	179	9	jumps	jump	VERB
cjfa-37579	179	10	(	(	PUNCT
cjfa-37579	179	11	nageri	nageri	ADJ
cjfa-37579	179	12	,	,	PUNCT
cjfa-37579	179	13	2019b	2019b	NUM
cjfa-37579	179	14	)	)	PUNCT
cjfa-37579	179	15	indicating	indicate	VERB
cjfa-37579	179	16	the	the	DET
cjfa-37579	179	17	risk	risk	NOUN
cjfa-37579	179	18	associated	associate	VERB
cjfa-37579	179	19	with	with	ADP
cjfa-37579	179	20	deviation	deviation	NOUN
cjfa-37579	179	21	in	in	ADP
cjfa-37579	179	22	returns	return	NOUN
cjfa-37579	179	23	(	(	PUNCT
cjfa-37579	179	24	campbell	campbell	PROPN
cjfa-37579	179	25	,	,	PUNCT
cjfa-37579	179	26	lettau	lettau	PROPN
cjfa-37579	179	27	,	,	PUNCT
cjfa-37579	179	28	malkiel	malkiel	PROPN
cjfa-37579	179	29	&	&	CCONJ
cjfa-37579	179	30	xu	xu	PROPN
cjfa-37579	179	31	,	,	PUNCT
cjfa-37579	179	32	2001	2001	NUM
cjfa-37579	179	33	;	;	PUNCT
cjfa-37579	179	34	pastor	pastor	NOUN
cjfa-37579	179	35	&	&	CCONJ
cjfa-37579	179	36	veronesi	veronesi	PROPN
cjfa-37579	179	37	,	,	PUNCT
cjfa-37579	179	38	2006	2006	NUM
cjfa-37579	179	39	)	)	PUNCT
cjfa-37579	179	40	.	.	PUNCT
cjfa-37579	180	1	volatility	volatility	NOUN
cjfa-37579	180	2	models	model	NOUN
cjfa-37579	180	3	should	should	AUX
cjfa-37579	180	4	capture	capture	VERB
cjfa-37579	180	5	error	error	NOUN
cjfa-37579	180	6	term	term	NOUN
cjfa-37579	180	7	’s	’s	PART
cjfa-37579	180	8	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	180	9	and	and	CCONJ
cjfa-37579	180	10	stylised	stylise	VERB
cjfa-37579	180	11	fact	fact	NOUN
cjfa-37579	180	12	in	in	ADP
cjfa-37579	180	13	stock	stock	NOUN
cjfa-37579	180	14	returns	return	NOUN
cjfa-37579	180	15	(	(	PUNCT
cjfa-37579	180	16	engle	engle	NOUN
cjfa-37579	180	17	,	,	PUNCT
cjfa-37579	180	18	1982	1982	NUM
cjfa-37579	180	19	)	)	PUNCT
cjfa-37579	180	20	.	.	PUNCT
cjfa-37579	181	1	the	the	DET
cjfa-37579	181	2	general	general	ADJ
cjfa-37579	181	3	form	form	NOUN
cjfa-37579	181	4	of	of	ADP
cjfa-37579	181	5	the	the	DET
cjfa-37579	181	6	conditional	conditional	ADJ
cjfa-37579	181	7	variance	variance	NOUN
cjfa-37579	181	8	equation	equation	NOUN
cjfa-37579	181	9	incorporates	incorporate	VERB
cjfa-37579	181	10	the	the	DET
cjfa-37579	181	11	arch	arch	ADJ
cjfa-37579	181	12	processes	process	NOUN
cjfa-37579	181	13	with	with	ADP
cjfa-37579	181	14	(	(	PUNCT
cjfa-37579	181	15	p	p	NOUN
cjfa-37579	181	16	)	)	PUNCT
cjfa-37579	181	17	lagged	lag	VERB
cjfa-37579	181	18	as	as	SCONJ
cjfa-37579	181	19	follows	follow	VERB
cjfa-37579	181	20	:	:	PUNCT
cjfa-37579	181	21	the	the	DET
cjfa-37579	181	22	sectoral	sectoral	ADJ
cjfa-37579	181	23	index	index	NOUN
cjfa-37579	181	24	,	,	PUNCT
cjfa-37579	181	25	as	as	SCONJ
cjfa-37579	181	26	shown	show	VERB
cjfa-37579	181	27	in	in	ADP
cjfa-37579	181	28	figure	figure	NOUN
cjfa-37579	181	29	1	1	NUM
cjfa-37579	181	30	,	,	PUNCT
cjfa-37579	181	31	indicates	indicate	VERB
cjfa-37579	181	32	that	that	SCONJ
cjfa-37579	181	33	the	the	DET
cjfa-37579	181	34	sectors	sector	NOUN
cjfa-37579	181	35	respond	respond	VERB
cjfa-37579	181	36	similarly	similarly	ADV
cjfa-37579	181	37	during	during	ADP
cjfa-37579	181	38	the	the	DET
cjfa-37579	181	39	early	early	ADJ
cjfa-37579	181	40	months	month	NOUN
cjfa-37579	181	41	of	of	ADP
cjfa-37579	181	42	the	the	DET
cjfa-37579	181	43	year	year	NOUN
cjfa-37579	181	44	and	and	CCONJ
cjfa-37579	181	45	at	at	ADP
cjfa-37579	181	46	the	the	DET
cjfa-37579	181	47	inception	inception	NOUN
cjfa-37579	181	48	of	of	ADP
cjfa-37579	181	49	covid-19	covid-19	PROPN
cjfa-37579	181	50	cases	case	NOUN
cjfa-37579	181	51	in	in	ADP
cjfa-37579	181	52	nigeria	nigeria	PRON
cjfa-37579	181	53	between	between	ADP
cjfa-37579	181	54	january	january	PROPN
cjfa-37579	181	55	(	(	PUNCT
cjfa-37579	181	56	m1	m1	NOUN
cjfa-37579	181	57	)	)	PUNCT
cjfa-37579	181	58	and	and	CCONJ
cjfa-37579	181	59	april	april	PROPN
cjfa-37579	181	60	(	(	PUNCT
cjfa-37579	181	61	m4	m4	PROPN
cjfa-37579	181	62	)	)	PUNCT
cjfa-37579	181	63	.	.	PUNCT
cjfa-37579	182	1	the	the	DET
cjfa-37579	182	2	sectorial	sectorial	ADJ
cjfa-37579	182	3	indexes	index	NOUN
cjfa-37579	182	4	were	be	AUX
cjfa-37579	182	5	increasing	increase	VERB
cjfa-37579	182	6	in	in	ADP
cjfa-37579	182	7	january	january	PROPN
cjfa-37579	182	8	(	(	PUNCT
cjfa-37579	182	9	m1	m1	PROPN
cjfa-37579	182	10	)	)	PUNCT
cjfa-37579	182	11	but	but	CCONJ
cjfa-37579	182	12	experienced	experience	VERB
cjfa-37579	182	13	a	a	DET
cjfa-37579	182	14	decline	decline	NOUN
cjfa-37579	182	15	afterwards	afterwards	ADV
cjfa-37579	182	16	till	till	SCONJ
cjfa-37579	182	17	around	around	ADP
cjfa-37579	182	18	march	march	PROPN
cjfa-37579	182	19	(	(	PUNCT
cjfa-37579	182	20	m3	m3	PROPN
cjfa-37579	182	21	)	)	PUNCT
cjfa-37579	182	22	and	and	CCONJ
cjfa-37579	182	23	april	april	PROPN
cjfa-37579	182	24	(	(	PUNCT
cjfa-37579	182	25	m4	m4	PROPN
cjfa-37579	182	26	)	)	PUNCT
cjfa-37579	182	27	.	.	PUNCT
cjfa-37579	183	1	this	this	PRON
cjfa-37579	183	2	was	be	AUX
cjfa-37579	183	3	the	the	DET
cjfa-37579	183	4	period	period	NOUN
cjfa-37579	183	5	when	when	SCONJ
cjfa-37579	183	6	covid19	covid19	NOUN
cjfa-37579	183	7	was	be	AUX
cjfa-37579	183	8	first	first	ADV
cjfa-37579	183	9	reported	report	VERB
cjfa-37579	183	10	and	and	CCONJ
cjfa-37579	183	11	various	various	ADJ
cjfa-37579	183	12	forms	form	NOUN
cjfa-37579	183	13	of	of	ADP
cjfa-37579	183	14	lockdown	lockdown	NOUN
cjfa-37579	183	15	were	be	AUX
cjfa-37579	183	16	also	also	ADV
cjfa-37579	183	17	announced	announce	VERB
cjfa-37579	183	18	in	in	ADP
cjfa-37579	183	19	nigeria	nigeria	PROPN
cjfa-37579	183	20	.	.	PUNCT
cjfa-37579	184	1	during	during	ADP
cjfa-37579	184	2	this	this	DET
cjfa-37579	184	3	period	period	NOUN
cjfa-37579	184	4	of	of	ADP
cjfa-37579	184	5	lockdowns	lockdown	NOUN
cjfa-37579	184	6	and	and	CCONJ
cjfa-37579	184	7	decline	decline	NOUN
cjfa-37579	184	8	,	,	PUNCT
cjfa-37579	184	9	various	various	ADJ
cjfa-37579	184	10	policy	policy	NOUN
cjfa-37579	184	11	responses	response	NOUN
cjfa-37579	184	12	by	by	ADP
cjfa-37579	184	13	different	different	ADJ
cjfa-37579	184	14	economic	economic	ADJ
cjfa-37579	184	15	agencies	agency	NOUN
cjfa-37579	184	16	were	be	AUX
cjfa-37579	184	17	announced	announce	VERB
cjfa-37579	184	18	and	and	CCONJ
cjfa-37579	184	19	implemented	implement	VERB
cjfa-37579	184	20	to	to	PART
cjfa-37579	184	21	cushion	cushion	VERB
cjfa-37579	184	22	the	the	DET
cjfa-37579	184	23	negative	negative	ADJ
cjfa-37579	184	24	effect	effect	NOUN
cjfa-37579	184	25	of	of	ADP
cjfa-37579	184	26	the	the	DET
cjfa-37579	184	27	pandemic	pandemic	NOUN
cjfa-37579	184	28	in	in	ADP
cjfa-37579	184	29	the	the	DET
cjfa-37579	184	30	country	country	NOUN
cjfa-37579	184	31	.	.	PUNCT
cjfa-37579	185	1	nseins	nsein	NOUN
cjfa-37579	185	2	started	start	VERB
cjfa-37579	185	3	to	to	PART
cjfa-37579	185	4	recover	recover	VERB
cjfa-37579	185	5	as	as	ADV
cjfa-37579	185	6	early	early	ADV
cjfa-37579	185	7	as	as	ADP
cjfa-37579	185	8	march	march	PROPN
cjfa-37579	185	9	(	(	PUNCT
cjfa-37579	185	10	m3	m3	PROPN
cjfa-37579	185	11	)	)	PUNCT
cjfa-37579	185	12	while	while	SCONJ
cjfa-37579	185	13	other	other	ADJ
cjfa-37579	185	14	sectors	sector	NOUN
cjfa-37579	185	15	started	start	VERB
cjfa-37579	185	16	recovering	recover	VERB
cjfa-37579	185	17	toward	toward	ADP
cjfa-37579	185	18	april	april	PROPN
cjfa-37579	185	19	(	(	PUNCT
cjfa-37579	185	20	m4	m4	PROPN
cjfa-37579	185	21	)	)	PUNCT
cjfa-37579	185	22	,	,	PUNCT
cjfa-37579	185	23	afterwards	afterwards	ADV
cjfa-37579	185	24	the	the	DET
cjfa-37579	185	25	policy	policy	NOUN
cjfa-37579	185	26	responses	response	NOUN
cjfa-37579	185	27	,	,	PUNCT
cjfa-37579	185	28	except	except	SCONJ
cjfa-37579	185	29	for	for	ADP
cjfa-37579	185	30	nseoil	nseoil	NOUN
cjfa-37579	185	31	that	that	PRON
cjfa-37579	185	32	indicates	indicate	VERB
cjfa-37579	185	33	a	a	DET
cjfa-37579	185	34	second	second	ADJ
cjfa-37579	185	35	decline	decline	NOUN
cjfa-37579	185	36	around	around	ADP
cjfa-37579	185	37	may	may	PROPN
cjfa-37579	185	38	(	(	PUNCT
cjfa-37579	185	39	m5	m5	PROPN
cjfa-37579	185	40	)	)	PUNCT
cjfa-37579	185	41	towards	towards	ADP
cjfa-37579	185	42	june	june	PROPN
cjfa-37579	185	43	(	(	PUNCT
cjfa-37579	185	44	m6	m6	PROPN
cjfa-37579	185	45	)	)	PUNCT
cjfa-37579	185	46	.	.	PUNCT
cjfa-37579	186	1	the	the	DET
cjfa-37579	186	2	indexes	index	NOUN
cjfa-37579	186	3	indicate	indicate	VERB
cjfa-37579	186	4	different	different	ADJ
cjfa-37579	186	5	magnitude	magnitude	NOUN
cjfa-37579	186	6	because	because	SCONJ
cjfa-37579	186	7	the	the	DET
cjfa-37579	186	8	index	index	NOUN
cjfa-37579	186	9	value	value	NOUN
cjfa-37579	186	10	of	of	ADP
cjfa-37579	186	11	the	the	DET
cjfa-37579	186	12	sectors	sector	NOUN
cjfa-37579	186	13	varies	vary	VERB
cjfa-37579	186	14	,	,	PUNCT
cjfa-37579	186	15	the	the	DET
cjfa-37579	186	16	nsepre	nsepre	NOUN
cjfa-37579	186	17	has	have	VERB
cjfa-37579	186	18	the	the	DET
cjfa-37579	186	19	highest	high	ADJ
cjfa-37579	186	20	index	index	NOUN
cjfa-37579	186	21	followed	follow	VERB
cjfa-37579	186	22	by	by	ADP
cjfa-37579	186	23	nseisl	nseisl	NOUN
cjfa-37579	186	24	while	while	SCONJ
cjfa-37579	186	25	the	the	DET
cjfa-37579	186	26	lowest	low	ADJ
cjfa-37579	186	27	index	index	NOUN
cjfa-37579	186	28	is	be	AUX
cjfa-37579	186	29	shown	show	VERB
cjfa-37579	186	30	by	by	ADP
cjfa-37579	186	31	nseins	nsein	NOUN
cjfa-37579	186	32	.	.	PUNCT
cjfa-37579	187	1	theoretical	theoretical	ADJ
cjfa-37579	187	2	framework	framework	NOUN
cjfa-37579	187	3	stock	stock	NOUN
cjfa-37579	187	4	returns	return	NOUN
cjfa-37579	187	5	exhibit	exhibit	VERB
cjfa-37579	187	6	stochastic	stochastic	ADJ
cjfa-37579	187	7	volatility	volatility	NOUN
cjfa-37579	187	8	and	and	CCONJ
cjfa-37579	187	9	jumps	jump	VERB
cjfa-37579	187	10	(	(	PUNCT
cjfa-37579	187	11	nageri	nageri	ADJ
cjfa-37579	187	12	,	,	PUNCT
cjfa-37579	187	13	2019b	2019b	NUM
cjfa-37579	187	14	)	)	PUNCT
cjfa-37579	187	15	indicating	indicate	VERB
cjfa-37579	187	16	the	the	DET
cjfa-37579	187	17	risk	risk	NOUN
cjfa-37579	187	18	associated	associate	VERB
cjfa-37579	187	19	with	with	ADP
cjfa-37579	187	20	deviation	deviation	NOUN
cjfa-37579	187	21	in	in	ADP
cjfa-37579	187	22	returns	return	NOUN
cjfa-37579	187	23	(	(	PUNCT
cjfa-37579	187	24	campbell	campbell	PROPN
cjfa-37579	187	25	,	,	PUNCT
cjfa-37579	187	26	lettau	lettau	PROPN
cjfa-37579	187	27	,	,	PUNCT
cjfa-37579	187	28	malkiel	malkiel	PROPN
cjfa-37579	187	29	&	&	CCONJ
cjfa-37579	187	30	xu	xu	PROPN
cjfa-37579	187	31	,	,	PUNCT
cjfa-37579	187	32	2001	2001	NUM
cjfa-37579	187	33	;	;	PUNCT
cjfa-37579	187	34	pastor	pastor	NOUN
cjfa-37579	187	35	&	&	CCONJ
cjfa-37579	187	36	veronesi	veronesi	PROPN
cjfa-37579	187	37	,	,	PUNCT
cjfa-37579	187	38	2006	2006	NUM
cjfa-37579	187	39	)	)	PUNCT
cjfa-37579	187	40	.	.	PUNCT
cjfa-37579	188	1	volatility	volatility	NOUN
cjfa-37579	188	2	models	model	NOUN
cjfa-37579	188	3	should	should	AUX
cjfa-37579	188	4	capture	capture	VERB
cjfa-37579	188	5	error	error	NOUN
cjfa-37579	188	6	term	term	NOUN
cjfa-37579	188	7	’s	’s	PART
cjfa-37579	188	8	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	188	9	and	and	CCONJ
cjfa-37579	188	10	stylised	stylise	VERB
cjfa-37579	188	11	fact	fact	NOUN
cjfa-37579	188	12	in	in	ADP
cjfa-37579	188	13	stock	stock	NOUN
cjfa-37579	188	14	returns	return	NOUN
cjfa-37579	188	15	(	(	PUNCT
cjfa-37579	188	16	engle	engle	NOUN
cjfa-37579	188	17	,	,	PUNCT
cjfa-37579	188	18	1982	1982	NUM
cjfa-37579	188	19	)	)	PUNCT
cjfa-37579	188	20	.	.	PUNCT
cjfa-37579	189	1	the	the	DET
cjfa-37579	189	2	general	general	ADJ
cjfa-37579	189	3	form	form	NOUN
cjfa-37579	189	4	of	of	ADP
cjfa-37579	189	5	the	the	DET
cjfa-37579	189	6	conditional	conditional	ADJ
cjfa-37579	189	7	variance	variance	NOUN
cjfa-37579	189	8	equation	equation	NOUN
cjfa-37579	189	9	incorporates	incorporate	VERB
cjfa-37579	189	10	the	the	DET
cjfa-37579	189	11	arch	arch	ADJ
cjfa-37579	189	12	processes	process	NOUN
cjfa-37579	189	13	with	with	ADP
cjfa-37579	189	14	(	(	PUNCT
cjfa-37579	189	15	p	p	NOUN
cjfa-37579	189	16	)	)	PUNCT
cjfa-37579	189	17	lagged	lag	VERB
cjfa-37579	189	18	as	as	SCONJ
cjfa-37579	189	19	follows	follow	VERB
cjfa-37579	189	20	:	:	PUNCT
cjfa-37579	189	21	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	189	22	�	�	PROPN
cjfa-37579	189	23	�	�	PROPN
cjfa-37579	189	24	=	=	PUNCT
cjfa-37579	189	25	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	189	26	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	PROPN
cjfa-37579	189	27	�	�	PROPN
cjfa-37579	189	28	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	189	29	�	�	PROPN
cjfa-37579	189	30	�	�	PROPN
cjfa-37579	189	31	�	�	PROPN
cjfa-37579	189	32	�	�	PROPN
cjfa-37579	189	33	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	189	34	…	…	NUM
cjfa-37579	189	35	…	…	PUNCT
cjfa-37579	189	36	…	…	PUNCT
cjfa-37579	189	37	…	…	SYM
cjfa-37579	189	38	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	ADJ
cjfa-37579	189	39	�	�	PROPN
cjfa-37579	189	40	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	189	41	�	�	PROPN
cjfa-37579	189	42	�	�	PROPN
cjfa-37579	189	43	�	�	PROPN
cjfa-37579	189	44	�	�	PROPN
cjfa-37579	189	45	(	(	PUNCT
cjfa-37579	189	46	3	3	NUM
cjfa-37579	189	47	)	)	PUNCT
cjfa-37579	189	48	equation	equation	NOUN
cjfa-37579	189	49	3	3	NUM
cjfa-37579	189	50	,	,	PUNCT
cjfa-37579	189	51	arch	arch	ADJ
cjfa-37579	189	52	(	(	PUNCT
cjfa-37579	189	53	1	1	X
cjfa-37579	189	54	)	)	PUNCT
cjfa-37579	189	55	model	model	NOUN
cjfa-37579	189	56	shows	show	VERB
cjfa-37579	189	57	that	that	SCONJ
cjfa-37579	189	58	next	next	ADJ
cjfa-37579	189	59	period	period	NOUN
cjfa-37579	189	60	’s	’s	PART
cjfa-37579	189	61	variance	variance	NOUN
cjfa-37579	189	62	of	of	ADP
cjfa-37579	189	63	return	return	NOUN
cjfa-37579	189	64	which	which	PRON
cjfa-37579	189	65	was	be	AUX
cjfa-37579	189	66	the	the	DET
cjfa-37579	189	67	residuals	residual	NOUN
cjfa-37579	189	68	of	of	ADP
cjfa-37579	189	69	the	the	DET
cjfa-37579	189	70	mean	mean	ADJ
cjfa-37579	189	71	equation	equation	NOUN
cjfa-37579	189	72	(	(	PUNCT
cjfa-37579	189	73	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	189	74	�	�	PROPN
cjfa-37579	189	75	�	�	PROPN
cjfa-37579	189	76	)	)	PUNCT
cjfa-37579	189	77	,	,	PUNCT
cjfa-37579	189	78	depends	depend	VERB
cjfa-37579	189	79	on	on	ADP
cjfa-37579	189	80	squared	square	VERB
cjfa-37579	189	81	residuals	residual	NOUN
cjfa-37579	189	82	of	of	ADP
cjfa-37579	189	83	the	the	DET
cjfa-37579	189	84	past	past	ADJ
cjfa-37579	189	85	period	period	NOUN
cjfa-37579	189	86	from	from	ADP
cjfa-37579	189	87	period	period	NOUN
cjfa-37579	189	88	1	1	NUM
cjfa-37579	189	89	till	till	SCONJ
cjfa-37579	189	90	p	p	ADJ
cjfa-37579	189	91	period	period	NOUN
cjfa-37579	189	92	(	(	PUNCT
cjfa-37579	189	93	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	189	94	�	�	PROPN
cjfa-37579	189	95	�	�	PROPN
cjfa-37579	189	96	�	�	PROPN
cjfa-37579	189	97	�	�	PROPN
cjfa-37579	189	98	)	)	PUNCT
cjfa-37579	189	99	known	know	VERB
cjfa-37579	189	100	as	as	ADP
cjfa-37579	189	101	the	the	DET
cjfa-37579	189	102	arch	arch	ADJ
cjfa-37579	189	103	term	term	NOUN
cjfa-37579	189	104	,	,	PUNCT
cjfa-37579	189	105	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	189	106	�	�	PROPN
cjfa-37579	189	107	is	be	AUX
cjfa-37579	189	108	the	the	DET
cjfa-37579	189	109	parameter	parameter	NOUN
cjfa-37579	189	110	of	of	ADP
cjfa-37579	189	111	the	the	DET
cjfa-37579	189	112	arch	arch	ADJ
cjfa-37579	189	113	term	term	NOUN
cjfa-37579	189	114	and	and	CCONJ
cjfa-37579	189	115	𝜔𝜔𝜔is	𝜔𝜔𝜔is	VERB
cjfa-37579	189	116	the	the	DET
cjfa-37579	189	117	constant	constant	NOUN
cjfa-37579	189	118	.	.	PUNCT
cjfa-37579	190	1	an	an	DET
cjfa-37579	190	2	extension	extension	NOUN
cjfa-37579	190	3	is	be	AUX
cjfa-37579	190	4	the	the	DET
cjfa-37579	190	5	generalised	generalise	VERB
cjfa-37579	190	6	arch	arch	NOUN
cjfa-37579	190	7	or	or	CCONJ
cjfa-37579	190	8	garch	garch	NOUN
cjfa-37579	190	9	model	model	NOUN
cjfa-37579	190	10	which	which	PRON
cjfa-37579	190	11	adds	add	VERB
cjfa-37579	190	12	the	the	DET
cjfa-37579	190	13	lags	lag	NOUN
cjfa-37579	190	14	of	of	ADP
cjfa-37579	190	15	the	the	DET
cjfa-37579	190	16	variance	variance	NOUN
cjfa-37579	190	17	,	,	PUNCT
cjfa-37579	190	18	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	190	19	�	�	PROPN
cjfa-37579	190	20	�	�	PROPN
cjfa-37579	190	21	�	�	PROPN
cjfa-37579	190	22	�	�	PROPN
cjfa-37579	190	23	to	to	ADP
cjfa-37579	190	24	the	the	DET
cjfa-37579	190	25	standard	standard	ADJ
cjfa-37579	190	26	arch	arch	NOUN
cjfa-37579	190	27	.	.	PUNCT
cjfa-37579	191	1	garch	garch	NOUN
cjfa-37579	191	2	model	model	NOUN
cjfa-37579	191	3	has	have	VERB
cjfa-37579	191	4	one	one	NUM
cjfa-37579	191	5	lag	lag	NOUN
cjfa-37579	191	6	of	of	ADP
cjfa-37579	191	7	the	the	DET
cjfa-37579	191	8	regression	regression	NOUN
cjfa-37579	191	9	model	model	NOUN
cjfa-37579	191	10	’s	’s	PART
cjfa-37579	191	11	squared	square	VERB
cjfa-37579	191	12	residual	residual	ADJ
cjfa-37579	191	13	(	(	PUNCT
cjfa-37579	191	14	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	191	15	�	�	PROPN
cjfa-37579	191	16	�	�	PROPN
cjfa-37579	191	17	�	�	PROPN
cjfa-37579	191	18	�	�	PROPN
cjfa-37579	191	19	)	)	PUNCT
cjfa-37579	191	20	known	know	VERB
cjfa-37579	191	21	as	as	ADP
cjfa-37579	191	22	the	the	DET
cjfa-37579	191	23	arch	arch	ADJ
cjfa-37579	191	24	term	term	NOUN
cjfa-37579	191	25	and	and	CCONJ
cjfa-37579	191	26	one	one	NUM
cjfa-37579	191	27	lag	lag	NOUN
cjfa-37579	191	28	of	of	ADP
cjfa-37579	191	29	the	the	DET
cjfa-37579	191	30	variance	variance	NOUN
cjfa-37579	191	31	itself	itself	PRON
cjfa-37579	191	32	(	(	PUNCT
cjfa-37579	191	33	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	191	34	�	�	PROPN
cjfa-37579	191	35	�	�	PROPN
cjfa-37579	191	36	�	�	PROPN
cjfa-37579	191	37	�	�	PROPN
cjfa-37579	191	38	)	)	PUNCT
cjfa-37579	191	39	known	know	VERB
cjfa-37579	191	40	as	as	ADP
cjfa-37579	191	41	the	the	DET
cjfa-37579	191	42	garch	garch	NOUN
cjfa-37579	191	43	term	term	NOUN
cjfa-37579	191	44	(	(	PUNCT
cjfa-37579	191	45	bollerslev	bollerslev	ADJ
cjfa-37579	191	46	,	,	PUNCT
cjfa-37579	191	47	1986	1986	NUM
cjfa-37579	191	48	)	)	PUNCT
cjfa-37579	191	49	.	.	PUNCT
cjfa-37579	192	1	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	192	2	�	�	PROPN
cjfa-37579	192	3	�	�	PROPN
cjfa-37579	192	4	=	=	PUNCT
cjfa-37579	192	5	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	192	6	𝜔𝜔∑	𝜔𝜔∑	PROPN
cjfa-37579	192	7	𝜔𝜔𝜀𝜀	𝜔𝜔𝜀𝜀	PROPN
cjfa-37579	192	8	�	�	PROPN
cjfa-37579	192	9	�	�	PROPN
cjfa-37579	192	10	�	�	PROPN
cjfa-37579	192	11	�	�	PROPN
cjfa-37579	192	12	�	�	PROPN
cjfa-37579	192	13	�	�	PROPN
cjfa-37579	192	14	�	�	PROPN
cjfa-37579	192	15	�	�	PROPN
cjfa-37579	192	16	𝜔	𝜔	NOUN
cjfa-37579	192	17	∑	∑	PROPN
cjfa-37579	192	18	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	192	19	�	�	PROPN
cjfa-37579	192	20	�	�	PROPN
cjfa-37579	192	21	�	�	PROPN
cjfa-37579	192	22	�	�	PROPN
cjfa-37579	192	23	�	�	PROPN
cjfa-37579	192	24	�	�	PROPN
cjfa-37579	192	25	�	�	PROPN
cjfa-37579	192	26	�	�	PROPN
cjfa-37579	192	27	(	(	PUNCT
cjfa-37579	192	28	4	4	NUM
cjfa-37579	192	29	)	)	PUNCT
cjfa-37579	192	30	equation	equation	NOUN
cjfa-37579	192	31	4	4	NUM
cjfa-37579	192	32	is	be	AUX
cjfa-37579	192	33	the	the	DET
cjfa-37579	192	34	garch	garch	NOUN
cjfa-37579	192	35	model	model	NOUN
cjfa-37579	192	36	developed	develop	VERB
cjfa-37579	192	37	by	by	ADP
cjfa-37579	192	38	bollerslev	bollerslev	ADJ
cjfa-37579	192	39	(	(	PUNCT
cjfa-37579	192	40	1986	1986	NUM
cjfa-37579	192	41	)	)	PUNCT
cjfa-37579	192	42	.	.	PUNCT
cjfa-37579	193	1	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	193	2	,	,	PUNCT
cjfa-37579	193	3	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	193	4	>	>	X
cjfa-37579	193	5	0	0	PUNCT
cjfa-37579	193	6	and	and	CCONJ
cjfa-37579	193	7	(	(	PUNCT
cjfa-37579	193	8	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	193	9	+	+	X
cjfa-37579	193	10	𝛽𝛽	𝛽𝛽	X
cjfa-37579	193	11	)	)	PUNCT
cjfa-37579	193	12	<	<	X
cjfa-37579	193	13	1	1	NUM
cjfa-37579	193	14	to	to	PART
cjfa-37579	193	15	avoid	avoid	VERB
cjfa-37579	193	16	negative	negative	ADJ
cjfa-37579	193	17	conditional	conditional	ADJ
cjfa-37579	193	18	variance	variance	NOUN
cjfa-37579	193	19	and	and	CCONJ
cjfa-37579	193	20	it	it	PRON
cjfa-37579	193	21	indicates	indicate	VERB
cjfa-37579	193	22	that	that	SCONJ
cjfa-37579	193	23	present	present	ADJ
cjfa-37579	193	24	period	period	NOUN
cjfa-37579	193	25	’s	’s	PART
cjfa-37579	193	26	return	return	NOUN
cjfa-37579	193	27	variance	variance	NOUN
cjfa-37579	193	28	(	(	PUNCT
cjfa-37579	193	29	3	3	X
cjfa-37579	193	30	)	)	PUNCT
cjfa-37579	193	31	equation	equation	NOUN
cjfa-37579	193	32	3	3	NUM
cjfa-37579	193	33	,	,	PUNCT
cjfa-37579	193	34	arch	arch	ADJ
cjfa-37579	193	35	(	(	PUNCT
cjfa-37579	193	36	1	1	X
cjfa-37579	193	37	)	)	PUNCT
cjfa-37579	193	38	model	model	NOUN
cjfa-37579	193	39	shows	show	VERB
cjfa-37579	193	40	that	that	SCONJ
cjfa-37579	193	41	next	next	ADJ
cjfa-37579	193	42	period	period	NOUN
cjfa-37579	193	43	’s	’s	PART
cjfa-37579	193	44	variance	variance	NOUN
cjfa-37579	193	45	of	of	ADP
cjfa-37579	193	46	return	return	NOUN
cjfa-37579	193	47	which	which	PRON
cjfa-37579	193	48	was	be	AUX
cjfa-37579	193	49	the	the	DET
cjfa-37579	193	50	residuals	residual	NOUN
cjfa-37579	193	51	of	of	ADP
cjfa-37579	193	52	the	the	DET
cjfa-37579	193	53	mean	mean	ADJ
cjfa-37579	193	54	equation	equation	NOUN
cjfa-37579	193	55	the	the	DET
cjfa-37579	193	56	sectoral	sectoral	ADJ
cjfa-37579	193	57	index	index	NOUN
cjfa-37579	193	58	,	,	PUNCT
cjfa-37579	193	59	as	as	SCONJ
cjfa-37579	193	60	shown	show	VERB
cjfa-37579	193	61	in	in	ADP
cjfa-37579	193	62	figure	figure	NOUN
cjfa-37579	193	63	1	1	NUM
cjfa-37579	193	64	,	,	PUNCT
cjfa-37579	193	65	indicates	indicate	VERB
cjfa-37579	193	66	that	that	SCONJ
cjfa-37579	193	67	the	the	DET
cjfa-37579	193	68	sectors	sector	NOUN
cjfa-37579	193	69	respond	respond	VERB
cjfa-37579	193	70	similarly	similarly	ADV
cjfa-37579	193	71	during	during	ADP
cjfa-37579	193	72	the	the	DET
cjfa-37579	193	73	early	early	ADJ
cjfa-37579	193	74	months	month	NOUN
cjfa-37579	193	75	of	of	ADP
cjfa-37579	193	76	the	the	DET
cjfa-37579	193	77	year	year	NOUN
cjfa-37579	193	78	and	and	CCONJ
cjfa-37579	193	79	at	at	ADP
cjfa-37579	193	80	the	the	DET
cjfa-37579	193	81	inception	inception	NOUN
cjfa-37579	193	82	of	of	ADP
cjfa-37579	193	83	covid-19	covid-19	PROPN
cjfa-37579	193	84	cases	case	NOUN
cjfa-37579	193	85	in	in	ADP
cjfa-37579	193	86	nigeria	nigeria	PRON
cjfa-37579	193	87	between	between	ADP
cjfa-37579	193	88	january	january	PROPN
cjfa-37579	193	89	(	(	PUNCT
cjfa-37579	193	90	m1	m1	NOUN
cjfa-37579	193	91	)	)	PUNCT
cjfa-37579	193	92	and	and	CCONJ
cjfa-37579	193	93	april	april	PROPN
cjfa-37579	193	94	(	(	PUNCT
cjfa-37579	193	95	m4	m4	PROPN
cjfa-37579	193	96	)	)	PUNCT
cjfa-37579	193	97	.	.	PUNCT
cjfa-37579	194	1	the	the	DET
cjfa-37579	194	2	sectorial	sectorial	ADJ
cjfa-37579	194	3	indexes	index	NOUN
cjfa-37579	194	4	were	be	AUX
cjfa-37579	194	5	increasing	increase	VERB
cjfa-37579	194	6	in	in	ADP
cjfa-37579	194	7	january	january	PROPN
cjfa-37579	194	8	(	(	PUNCT
cjfa-37579	194	9	m1	m1	PROPN
cjfa-37579	194	10	)	)	PUNCT
cjfa-37579	194	11	but	but	CCONJ
cjfa-37579	194	12	experienced	experience	VERB
cjfa-37579	194	13	a	a	DET
cjfa-37579	194	14	decline	decline	NOUN
cjfa-37579	194	15	afterwards	afterwards	ADV
cjfa-37579	194	16	till	till	SCONJ
cjfa-37579	194	17	around	around	ADP
cjfa-37579	194	18	march	march	PROPN
cjfa-37579	194	19	(	(	PUNCT
cjfa-37579	194	20	m3	m3	PROPN
cjfa-37579	194	21	)	)	PUNCT
cjfa-37579	194	22	and	and	CCONJ
cjfa-37579	194	23	april	april	PROPN
cjfa-37579	194	24	(	(	PUNCT
cjfa-37579	194	25	m4	m4	PROPN
cjfa-37579	194	26	)	)	PUNCT
cjfa-37579	194	27	.	.	PUNCT
cjfa-37579	195	1	this	this	PRON
cjfa-37579	195	2	was	be	AUX
cjfa-37579	195	3	the	the	DET
cjfa-37579	195	4	period	period	NOUN
cjfa-37579	195	5	when	when	SCONJ
cjfa-37579	195	6	covid19	covid19	NOUN
cjfa-37579	195	7	was	be	AUX
cjfa-37579	195	8	first	first	ADV
cjfa-37579	195	9	reported	report	VERB
cjfa-37579	195	10	and	and	CCONJ
cjfa-37579	195	11	various	various	ADJ
cjfa-37579	195	12	forms	form	NOUN
cjfa-37579	195	13	of	of	ADP
cjfa-37579	195	14	lockdown	lockdown	NOUN
cjfa-37579	195	15	were	be	AUX
cjfa-37579	195	16	also	also	ADV
cjfa-37579	195	17	announced	announce	VERB
cjfa-37579	195	18	in	in	ADP
cjfa-37579	195	19	nigeria	nigeria	PROPN
cjfa-37579	195	20	.	.	PUNCT
cjfa-37579	196	1	during	during	ADP
cjfa-37579	196	2	this	this	DET
cjfa-37579	196	3	period	period	NOUN
cjfa-37579	196	4	of	of	ADP
cjfa-37579	196	5	lockdowns	lockdown	NOUN
cjfa-37579	196	6	and	and	CCONJ
cjfa-37579	196	7	decline	decline	NOUN
cjfa-37579	196	8	,	,	PUNCT
cjfa-37579	196	9	various	various	ADJ
cjfa-37579	196	10	policy	policy	NOUN
cjfa-37579	196	11	responses	response	NOUN
cjfa-37579	196	12	by	by	ADP
cjfa-37579	196	13	different	different	ADJ
cjfa-37579	196	14	economic	economic	ADJ
cjfa-37579	196	15	agencies	agency	NOUN
cjfa-37579	196	16	were	be	AUX
cjfa-37579	196	17	announced	announce	VERB
cjfa-37579	196	18	and	and	CCONJ
cjfa-37579	196	19	implemented	implement	VERB
cjfa-37579	196	20	to	to	PART
cjfa-37579	196	21	cushion	cushion	VERB
cjfa-37579	196	22	the	the	DET
cjfa-37579	196	23	negative	negative	ADJ
cjfa-37579	196	24	effect	effect	NOUN
cjfa-37579	196	25	of	of	ADP
cjfa-37579	196	26	the	the	DET
cjfa-37579	196	27	pandemic	pandemic	NOUN
cjfa-37579	196	28	in	in	ADP
cjfa-37579	196	29	the	the	DET
cjfa-37579	196	30	country	country	NOUN
cjfa-37579	196	31	.	.	PUNCT
cjfa-37579	197	1	nseins	nsein	NOUN
cjfa-37579	197	2	started	start	VERB
cjfa-37579	197	3	to	to	PART
cjfa-37579	197	4	recover	recover	VERB
cjfa-37579	197	5	as	as	ADV
cjfa-37579	197	6	early	early	ADV
cjfa-37579	197	7	as	as	ADP
cjfa-37579	197	8	march	march	PROPN
cjfa-37579	197	9	(	(	PUNCT
cjfa-37579	197	10	m3	m3	PROPN
cjfa-37579	197	11	)	)	PUNCT
cjfa-37579	197	12	while	while	SCONJ
cjfa-37579	197	13	other	other	ADJ
cjfa-37579	197	14	sectors	sector	NOUN
cjfa-37579	197	15	started	start	VERB
cjfa-37579	197	16	recovering	recover	VERB
cjfa-37579	197	17	toward	toward	ADP
cjfa-37579	197	18	april	april	PROPN
cjfa-37579	197	19	(	(	PUNCT
cjfa-37579	197	20	m4	m4	PROPN
cjfa-37579	197	21	)	)	PUNCT
cjfa-37579	197	22	,	,	PUNCT
cjfa-37579	197	23	afterwards	afterwards	ADV
cjfa-37579	197	24	the	the	DET
cjfa-37579	197	25	policy	policy	NOUN
cjfa-37579	197	26	responses	response	NOUN
cjfa-37579	197	27	,	,	PUNCT
cjfa-37579	197	28	except	except	SCONJ
cjfa-37579	197	29	for	for	ADP
cjfa-37579	197	30	nseoil	nseoil	NOUN
cjfa-37579	197	31	that	that	PRON
cjfa-37579	197	32	indicates	indicate	VERB
cjfa-37579	197	33	a	a	DET
cjfa-37579	197	34	second	second	ADJ
cjfa-37579	197	35	decline	decline	NOUN
cjfa-37579	197	36	around	around	ADP
cjfa-37579	197	37	may	may	PROPN
cjfa-37579	197	38	(	(	PUNCT
cjfa-37579	197	39	m5	m5	PROPN
cjfa-37579	197	40	)	)	PUNCT
cjfa-37579	197	41	towards	towards	ADP
cjfa-37579	197	42	june	june	PROPN
cjfa-37579	197	43	(	(	PUNCT
cjfa-37579	197	44	m6	m6	PROPN
cjfa-37579	197	45	)	)	PUNCT
cjfa-37579	197	46	.	.	PUNCT
cjfa-37579	198	1	the	the	DET
cjfa-37579	198	2	indexes	index	NOUN
cjfa-37579	198	3	indicate	indicate	VERB
cjfa-37579	198	4	different	different	ADJ
cjfa-37579	198	5	magnitude	magnitude	NOUN
cjfa-37579	198	6	because	because	SCONJ
cjfa-37579	198	7	the	the	DET
cjfa-37579	198	8	index	index	NOUN
cjfa-37579	198	9	value	value	NOUN
cjfa-37579	198	10	of	of	ADP
cjfa-37579	198	11	the	the	DET
cjfa-37579	198	12	sectors	sector	NOUN
cjfa-37579	198	13	varies	vary	VERB
cjfa-37579	198	14	,	,	PUNCT
cjfa-37579	198	15	the	the	DET
cjfa-37579	198	16	nsepre	nsepre	NOUN
cjfa-37579	198	17	has	have	VERB
cjfa-37579	198	18	the	the	DET
cjfa-37579	198	19	highest	high	ADJ
cjfa-37579	198	20	index	index	NOUN
cjfa-37579	198	21	followed	follow	VERB
cjfa-37579	198	22	by	by	ADP
cjfa-37579	198	23	nseisl	nseisl	NOUN
cjfa-37579	198	24	while	while	SCONJ
cjfa-37579	198	25	the	the	DET
cjfa-37579	198	26	lowest	low	ADJ
cjfa-37579	198	27	index	index	NOUN
cjfa-37579	198	28	is	be	AUX
cjfa-37579	198	29	shown	show	VERB
cjfa-37579	198	30	by	by	ADP
cjfa-37579	198	31	nseins	nsein	NOUN
cjfa-37579	198	32	.	.	PUNCT
cjfa-37579	199	1	theoretical	theoretical	ADJ
cjfa-37579	199	2	framework	framework	NOUN
cjfa-37579	199	3	stock	stock	NOUN
cjfa-37579	199	4	returns	return	NOUN
cjfa-37579	199	5	exhibit	exhibit	VERB
cjfa-37579	199	6	stochastic	stochastic	ADJ
cjfa-37579	199	7	volatility	volatility	NOUN
cjfa-37579	199	8	and	and	CCONJ
cjfa-37579	199	9	jumps	jump	VERB
cjfa-37579	199	10	(	(	PUNCT
cjfa-37579	199	11	nageri	nageri	ADJ
cjfa-37579	199	12	,	,	PUNCT
cjfa-37579	199	13	2019b	2019b	NUM
cjfa-37579	199	14	)	)	PUNCT
cjfa-37579	199	15	indicating	indicate	VERB
cjfa-37579	199	16	the	the	DET
cjfa-37579	199	17	risk	risk	NOUN
cjfa-37579	199	18	associated	associate	VERB
cjfa-37579	199	19	with	with	ADP
cjfa-37579	199	20	deviation	deviation	NOUN
cjfa-37579	199	21	in	in	ADP
cjfa-37579	199	22	returns	return	NOUN
cjfa-37579	199	23	(	(	PUNCT
cjfa-37579	199	24	campbell	campbell	PROPN
cjfa-37579	199	25	,	,	PUNCT
cjfa-37579	199	26	lettau	lettau	PROPN
cjfa-37579	199	27	,	,	PUNCT
cjfa-37579	199	28	malkiel	malkiel	PROPN
cjfa-37579	199	29	&	&	CCONJ
cjfa-37579	199	30	xu	xu	PROPN
cjfa-37579	199	31	,	,	PUNCT
cjfa-37579	199	32	2001	2001	NUM
cjfa-37579	199	33	;	;	PUNCT
cjfa-37579	199	34	pastor	pastor	NOUN
cjfa-37579	199	35	&	&	CCONJ
cjfa-37579	199	36	veronesi	veronesi	PROPN
cjfa-37579	199	37	,	,	PUNCT
cjfa-37579	199	38	2006	2006	NUM
cjfa-37579	199	39	)	)	PUNCT
cjfa-37579	199	40	.	.	PUNCT
cjfa-37579	200	1	volatility	volatility	NOUN
cjfa-37579	200	2	models	model	NOUN
cjfa-37579	200	3	should	should	AUX
cjfa-37579	200	4	capture	capture	VERB
cjfa-37579	200	5	error	error	NOUN
cjfa-37579	200	6	term	term	NOUN
cjfa-37579	200	7	’s	’s	PART
cjfa-37579	200	8	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	200	9	and	and	CCONJ
cjfa-37579	200	10	stylised	stylise	VERB
cjfa-37579	200	11	fact	fact	NOUN
cjfa-37579	200	12	in	in	ADP
cjfa-37579	200	13	stock	stock	NOUN
cjfa-37579	200	14	returns	return	NOUN
cjfa-37579	200	15	(	(	PUNCT
cjfa-37579	200	16	engle	engle	NOUN
cjfa-37579	200	17	,	,	PUNCT
cjfa-37579	200	18	1982	1982	NUM
cjfa-37579	200	19	)	)	PUNCT
cjfa-37579	200	20	.	.	PUNCT
cjfa-37579	201	1	the	the	DET
cjfa-37579	201	2	general	general	ADJ
cjfa-37579	201	3	form	form	NOUN
cjfa-37579	201	4	of	of	ADP
cjfa-37579	201	5	the	the	DET
cjfa-37579	201	6	conditional	conditional	ADJ
cjfa-37579	201	7	variance	variance	NOUN
cjfa-37579	201	8	equation	equation	NOUN
cjfa-37579	201	9	incorporates	incorporate	VERB
cjfa-37579	201	10	the	the	DET
cjfa-37579	201	11	arch	arch	ADJ
cjfa-37579	201	12	processes	process	NOUN
cjfa-37579	201	13	with	with	ADP
cjfa-37579	201	14	(	(	PUNCT
cjfa-37579	201	15	p	p	NOUN
cjfa-37579	201	16	)	)	PUNCT
cjfa-37579	201	17	lagged	lag	VERB
cjfa-37579	201	18	as	as	SCONJ
cjfa-37579	201	19	follows	follow	VERB
cjfa-37579	201	20	:	:	PUNCT
cjfa-37579	201	21	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	201	22	�	�	PROPN
cjfa-37579	201	23	�	�	PROPN
cjfa-37579	201	24	=	=	PUNCT
cjfa-37579	201	25	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	201	26	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	PROPN
cjfa-37579	201	27	�	�	PROPN
cjfa-37579	201	28	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	201	29	�	�	PROPN
cjfa-37579	201	30	�	�	PROPN
cjfa-37579	201	31	�	�	PROPN
cjfa-37579	201	32	�	�	PROPN
cjfa-37579	201	33	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	201	34	…	…	NUM
cjfa-37579	201	35	…	…	PUNCT
cjfa-37579	201	36	…	…	PUNCT
cjfa-37579	201	37	…	…	SYM
cjfa-37579	201	38	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	ADJ
cjfa-37579	201	39	�	�	PROPN
cjfa-37579	201	40	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	201	41	�	�	PROPN
cjfa-37579	201	42	�	�	PROPN
cjfa-37579	201	43	�	�	PROPN
cjfa-37579	201	44	�	�	PROPN
cjfa-37579	201	45	(	(	PUNCT
cjfa-37579	201	46	3	3	NUM
cjfa-37579	201	47	)	)	PUNCT
cjfa-37579	201	48	equation	equation	NOUN
cjfa-37579	201	49	3	3	NUM
cjfa-37579	201	50	,	,	PUNCT
cjfa-37579	201	51	arch	arch	ADJ
cjfa-37579	201	52	(	(	PUNCT
cjfa-37579	201	53	1	1	X
cjfa-37579	201	54	)	)	PUNCT
cjfa-37579	201	55	model	model	NOUN
cjfa-37579	201	56	shows	show	VERB
cjfa-37579	201	57	that	that	SCONJ
cjfa-37579	201	58	next	next	ADJ
cjfa-37579	201	59	period	period	NOUN
cjfa-37579	201	60	’s	’s	PART
cjfa-37579	201	61	variance	variance	NOUN
cjfa-37579	201	62	of	of	ADP
cjfa-37579	201	63	return	return	NOUN
cjfa-37579	201	64	which	which	PRON
cjfa-37579	201	65	was	be	AUX
cjfa-37579	201	66	the	the	DET
cjfa-37579	201	67	residuals	residual	NOUN
cjfa-37579	201	68	of	of	ADP
cjfa-37579	201	69	the	the	DET
cjfa-37579	201	70	mean	mean	ADJ
cjfa-37579	201	71	equation	equation	NOUN
cjfa-37579	201	72	(	(	PUNCT
cjfa-37579	201	73	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	201	74	�	�	PROPN
cjfa-37579	201	75	�	�	PROPN
cjfa-37579	201	76	)	)	PUNCT
cjfa-37579	201	77	,	,	PUNCT
cjfa-37579	201	78	depends	depend	VERB
cjfa-37579	201	79	on	on	ADP
cjfa-37579	201	80	squared	square	VERB
cjfa-37579	201	81	residuals	residual	NOUN
cjfa-37579	201	82	of	of	ADP
cjfa-37579	201	83	the	the	DET
cjfa-37579	201	84	past	past	ADJ
cjfa-37579	201	85	period	period	NOUN
cjfa-37579	201	86	from	from	ADP
cjfa-37579	201	87	period	period	NOUN
cjfa-37579	201	88	1	1	NUM
cjfa-37579	201	89	till	till	SCONJ
cjfa-37579	201	90	p	p	ADJ
cjfa-37579	201	91	period	period	NOUN
cjfa-37579	201	92	(	(	PUNCT
cjfa-37579	201	93	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	201	94	�	�	PROPN
cjfa-37579	201	95	�	�	PROPN
cjfa-37579	201	96	�	�	PROPN
cjfa-37579	201	97	�	�	PROPN
cjfa-37579	201	98	)	)	PUNCT
cjfa-37579	201	99	known	know	VERB
cjfa-37579	201	100	as	as	ADP
cjfa-37579	201	101	the	the	DET
cjfa-37579	201	102	arch	arch	ADJ
cjfa-37579	201	103	term	term	NOUN
cjfa-37579	201	104	,	,	PUNCT
cjfa-37579	201	105	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	201	106	�	�	PROPN
cjfa-37579	201	107	is	be	AUX
cjfa-37579	201	108	the	the	DET
cjfa-37579	201	109	parameter	parameter	NOUN
cjfa-37579	201	110	of	of	ADP
cjfa-37579	201	111	the	the	DET
cjfa-37579	201	112	arch	arch	ADJ
cjfa-37579	201	113	term	term	NOUN
cjfa-37579	201	114	and	and	CCONJ
cjfa-37579	201	115	𝜔𝜔𝜔is	𝜔𝜔𝜔is	VERB
cjfa-37579	201	116	the	the	DET
cjfa-37579	201	117	constant	constant	NOUN
cjfa-37579	201	118	.	.	PUNCT
cjfa-37579	202	1	an	an	DET
cjfa-37579	202	2	extension	extension	NOUN
cjfa-37579	202	3	is	be	AUX
cjfa-37579	202	4	the	the	DET
cjfa-37579	202	5	generalised	generalise	VERB
cjfa-37579	202	6	arch	arch	NOUN
cjfa-37579	202	7	or	or	CCONJ
cjfa-37579	202	8	garch	garch	NOUN
cjfa-37579	202	9	model	model	NOUN
cjfa-37579	202	10	which	which	PRON
cjfa-37579	202	11	adds	add	VERB
cjfa-37579	202	12	the	the	DET
cjfa-37579	202	13	lags	lag	NOUN
cjfa-37579	202	14	of	of	ADP
cjfa-37579	202	15	the	the	DET
cjfa-37579	202	16	variance	variance	NOUN
cjfa-37579	202	17	,	,	PUNCT
cjfa-37579	202	18	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	202	19	�	�	PROPN
cjfa-37579	202	20	�	�	PROPN
cjfa-37579	202	21	�	�	PROPN
cjfa-37579	202	22	�	�	PROPN
cjfa-37579	202	23	to	to	ADP
cjfa-37579	202	24	the	the	DET
cjfa-37579	202	25	standard	standard	ADJ
cjfa-37579	202	26	arch	arch	NOUN
cjfa-37579	202	27	.	.	PUNCT
cjfa-37579	203	1	garch	garch	NOUN
cjfa-37579	203	2	model	model	NOUN
cjfa-37579	203	3	has	have	VERB
cjfa-37579	203	4	one	one	NUM
cjfa-37579	203	5	lag	lag	NOUN
cjfa-37579	203	6	of	of	ADP
cjfa-37579	203	7	the	the	DET
cjfa-37579	203	8	regression	regression	NOUN
cjfa-37579	203	9	model	model	NOUN
cjfa-37579	203	10	’s	’s	PART
cjfa-37579	203	11	squared	square	VERB
cjfa-37579	203	12	residual	residual	ADJ
cjfa-37579	203	13	(	(	PUNCT
cjfa-37579	203	14	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	203	15	�	�	PROPN
cjfa-37579	203	16	�	�	PROPN
cjfa-37579	203	17	�	�	PROPN
cjfa-37579	203	18	�	�	PROPN
cjfa-37579	203	19	)	)	PUNCT
cjfa-37579	203	20	known	know	VERB
cjfa-37579	203	21	as	as	ADP
cjfa-37579	203	22	the	the	DET
cjfa-37579	203	23	arch	arch	ADJ
cjfa-37579	203	24	term	term	NOUN
cjfa-37579	203	25	and	and	CCONJ
cjfa-37579	203	26	one	one	NUM
cjfa-37579	203	27	lag	lag	NOUN
cjfa-37579	203	28	of	of	ADP
cjfa-37579	203	29	the	the	DET
cjfa-37579	203	30	variance	variance	NOUN
cjfa-37579	203	31	itself	itself	PRON
cjfa-37579	203	32	(	(	PUNCT
cjfa-37579	203	33	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	203	34	�	�	PROPN
cjfa-37579	203	35	�	�	PROPN
cjfa-37579	203	36	�	�	PROPN
cjfa-37579	203	37	�	�	PROPN
cjfa-37579	203	38	)	)	PUNCT
cjfa-37579	203	39	known	know	VERB
cjfa-37579	203	40	as	as	ADP
cjfa-37579	203	41	the	the	DET
cjfa-37579	203	42	garch	garch	NOUN
cjfa-37579	203	43	term	term	NOUN
cjfa-37579	203	44	(	(	PUNCT
cjfa-37579	203	45	bollerslev	bollerslev	ADJ
cjfa-37579	203	46	,	,	PUNCT
cjfa-37579	203	47	1986	1986	NUM
cjfa-37579	203	48	)	)	PUNCT
cjfa-37579	203	49	.	.	PUNCT
cjfa-37579	204	1	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	204	2	�	�	PROPN
cjfa-37579	204	3	�	�	PROPN
cjfa-37579	204	4	=	=	PUNCT
cjfa-37579	204	5	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	204	6	𝜔𝜔∑	𝜔𝜔∑	PROPN
cjfa-37579	204	7	𝜔𝜔𝜀𝜀	𝜔𝜔𝜀𝜀	PROPN
cjfa-37579	204	8	�	�	PROPN
cjfa-37579	204	9	�	�	PROPN
cjfa-37579	204	10	�	�	PROPN
cjfa-37579	204	11	�	�	PROPN
cjfa-37579	204	12	�	�	PROPN
cjfa-37579	204	13	�	�	PROPN
cjfa-37579	204	14	�	�	PROPN
cjfa-37579	204	15	�	�	PROPN
cjfa-37579	204	16	𝜔	𝜔	NOUN
cjfa-37579	204	17	∑	∑	PROPN
cjfa-37579	204	18	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	204	19	�	�	PROPN
cjfa-37579	204	20	�	�	PROPN
cjfa-37579	204	21	�	�	PROPN
cjfa-37579	204	22	�	�	PROPN
cjfa-37579	204	23	�	�	PROPN
cjfa-37579	204	24	�	�	PROPN
cjfa-37579	204	25	�	�	PROPN
cjfa-37579	204	26	�	�	PROPN
cjfa-37579	204	27	(	(	PUNCT
cjfa-37579	204	28	4	4	NUM
cjfa-37579	204	29	)	)	PUNCT
cjfa-37579	204	30	equation	equation	NOUN
cjfa-37579	204	31	4	4	NUM
cjfa-37579	204	32	is	be	AUX
cjfa-37579	204	33	the	the	DET
cjfa-37579	204	34	garch	garch	NOUN
cjfa-37579	204	35	model	model	NOUN
cjfa-37579	204	36	developed	develop	VERB
cjfa-37579	204	37	by	by	ADP
cjfa-37579	204	38	bollerslev	bollerslev	ADJ
cjfa-37579	204	39	(	(	PUNCT
cjfa-37579	204	40	1986	1986	NUM
cjfa-37579	204	41	)	)	PUNCT
cjfa-37579	204	42	.	.	PUNCT
cjfa-37579	205	1	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	205	2	,	,	PUNCT
cjfa-37579	205	3	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	205	4	>	>	X
cjfa-37579	205	5	0	0	PUNCT
cjfa-37579	205	6	and	and	CCONJ
cjfa-37579	205	7	(	(	PUNCT
cjfa-37579	205	8	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	205	9	+	+	X
cjfa-37579	205	10	𝛽𝛽	𝛽𝛽	X
cjfa-37579	205	11	)	)	PUNCT
cjfa-37579	205	12	<	<	X
cjfa-37579	205	13	1	1	NUM
cjfa-37579	205	14	to	to	PART
cjfa-37579	205	15	avoid	avoid	VERB
cjfa-37579	205	16	negative	negative	ADJ
cjfa-37579	205	17	conditional	conditional	ADJ
cjfa-37579	205	18	variance	variance	NOUN
cjfa-37579	205	19	and	and	CCONJ
cjfa-37579	205	20	it	it	PRON
cjfa-37579	205	21	indicates	indicate	VERB
cjfa-37579	205	22	that	that	SCONJ
cjfa-37579	205	23	present	present	ADJ
cjfa-37579	205	24	period	period	NOUN
cjfa-37579	205	25	’s	’s	PART
cjfa-37579	205	26	return	return	NOUN
cjfa-37579	205	27	variance	variance	NOUN
cjfa-37579	205	28	,	,	PUNCT
cjfa-37579	205	29	depends	depend	VERB
cjfa-37579	205	30	on	on	ADP
cjfa-37579	205	31	squared	square	VERB
cjfa-37579	205	32	residuals	residual	NOUN
cjfa-37579	205	33	of	of	ADP
cjfa-37579	205	34	the	the	DET
cjfa-37579	205	35	past	past	ADJ
cjfa-37579	205	36	period	period	NOUN
cjfa-37579	205	37	from	from	ADP
cjfa-37579	205	38	period	period	NOUN
cjfa-37579	205	39	1	1	NUM
cjfa-37579	205	40	till	till	SCONJ
cjfa-37579	205	41	p	p	NOUN
cjfa-37579	205	42	period	period	NOUN
cjfa-37579	205	43	the	the	DET
cjfa-37579	205	44	sectoral	sectoral	ADJ
cjfa-37579	205	45	index	index	NOUN
cjfa-37579	205	46	,	,	PUNCT
cjfa-37579	205	47	as	as	SCONJ
cjfa-37579	205	48	shown	show	VERB
cjfa-37579	205	49	in	in	ADP
cjfa-37579	205	50	figure	figure	NOUN
cjfa-37579	205	51	1	1	NUM
cjfa-37579	205	52	,	,	PUNCT
cjfa-37579	205	53	indicates	indicate	VERB
cjfa-37579	205	54	that	that	SCONJ
cjfa-37579	205	55	the	the	DET
cjfa-37579	205	56	sectors	sector	NOUN
cjfa-37579	205	57	respond	respond	VERB
cjfa-37579	205	58	similarly	similarly	ADV
cjfa-37579	205	59	during	during	ADP
cjfa-37579	205	60	the	the	DET
cjfa-37579	205	61	early	early	ADJ
cjfa-37579	205	62	months	month	NOUN
cjfa-37579	205	63	of	of	ADP
cjfa-37579	205	64	the	the	DET
cjfa-37579	205	65	year	year	NOUN
cjfa-37579	205	66	and	and	CCONJ
cjfa-37579	205	67	at	at	ADP
cjfa-37579	205	68	the	the	DET
cjfa-37579	205	69	inception	inception	NOUN
cjfa-37579	205	70	of	of	ADP
cjfa-37579	205	71	covid-19	covid-19	PROPN
cjfa-37579	205	72	cases	case	NOUN
cjfa-37579	205	73	in	in	ADP
cjfa-37579	205	74	nigeria	nigeria	PRON
cjfa-37579	205	75	between	between	ADP
cjfa-37579	205	76	january	january	PROPN
cjfa-37579	205	77	(	(	PUNCT
cjfa-37579	205	78	m1	m1	NOUN
cjfa-37579	205	79	)	)	PUNCT
cjfa-37579	205	80	and	and	CCONJ
cjfa-37579	205	81	april	april	PROPN
cjfa-37579	205	82	(	(	PUNCT
cjfa-37579	205	83	m4	m4	PROPN
cjfa-37579	205	84	)	)	PUNCT
cjfa-37579	205	85	.	.	PUNCT
cjfa-37579	206	1	the	the	DET
cjfa-37579	206	2	sectorial	sectorial	ADJ
cjfa-37579	206	3	indexes	index	NOUN
cjfa-37579	206	4	were	be	AUX
cjfa-37579	206	5	increasing	increase	VERB
cjfa-37579	206	6	in	in	ADP
cjfa-37579	206	7	january	january	PROPN
cjfa-37579	206	8	(	(	PUNCT
cjfa-37579	206	9	m1	m1	PROPN
cjfa-37579	206	10	)	)	PUNCT
cjfa-37579	206	11	but	but	CCONJ
cjfa-37579	206	12	experienced	experience	VERB
cjfa-37579	206	13	a	a	DET
cjfa-37579	206	14	decline	decline	NOUN
cjfa-37579	206	15	afterwards	afterwards	ADV
cjfa-37579	206	16	till	till	SCONJ
cjfa-37579	206	17	around	around	ADP
cjfa-37579	206	18	march	march	PROPN
cjfa-37579	206	19	(	(	PUNCT
cjfa-37579	206	20	m3	m3	PROPN
cjfa-37579	206	21	)	)	PUNCT
cjfa-37579	206	22	and	and	CCONJ
cjfa-37579	206	23	april	april	PROPN
cjfa-37579	206	24	(	(	PUNCT
cjfa-37579	206	25	m4	m4	PROPN
cjfa-37579	206	26	)	)	PUNCT
cjfa-37579	206	27	.	.	PUNCT
cjfa-37579	207	1	this	this	PRON
cjfa-37579	207	2	was	be	AUX
cjfa-37579	207	3	the	the	DET
cjfa-37579	207	4	period	period	NOUN
cjfa-37579	207	5	when	when	SCONJ
cjfa-37579	207	6	covid19	covid19	NOUN
cjfa-37579	207	7	was	be	AUX
cjfa-37579	207	8	first	first	ADV
cjfa-37579	207	9	reported	report	VERB
cjfa-37579	207	10	and	and	CCONJ
cjfa-37579	207	11	various	various	ADJ
cjfa-37579	207	12	forms	form	NOUN
cjfa-37579	207	13	of	of	ADP
cjfa-37579	207	14	lockdown	lockdown	NOUN
cjfa-37579	207	15	were	be	AUX
cjfa-37579	207	16	also	also	ADV
cjfa-37579	207	17	announced	announce	VERB
cjfa-37579	207	18	in	in	ADP
cjfa-37579	207	19	nigeria	nigeria	PROPN
cjfa-37579	207	20	.	.	PUNCT
cjfa-37579	208	1	during	during	ADP
cjfa-37579	208	2	this	this	DET
cjfa-37579	208	3	period	period	NOUN
cjfa-37579	208	4	of	of	ADP
cjfa-37579	208	5	lockdowns	lockdown	NOUN
cjfa-37579	208	6	and	and	CCONJ
cjfa-37579	208	7	decline	decline	NOUN
cjfa-37579	208	8	,	,	PUNCT
cjfa-37579	208	9	various	various	ADJ
cjfa-37579	208	10	policy	policy	NOUN
cjfa-37579	208	11	responses	response	NOUN
cjfa-37579	208	12	by	by	ADP
cjfa-37579	208	13	different	different	ADJ
cjfa-37579	208	14	economic	economic	ADJ
cjfa-37579	208	15	agencies	agency	NOUN
cjfa-37579	208	16	were	be	AUX
cjfa-37579	208	17	announced	announce	VERB
cjfa-37579	208	18	and	and	CCONJ
cjfa-37579	208	19	implemented	implement	VERB
cjfa-37579	208	20	to	to	PART
cjfa-37579	208	21	cushion	cushion	VERB
cjfa-37579	208	22	the	the	DET
cjfa-37579	208	23	negative	negative	ADJ
cjfa-37579	208	24	effect	effect	NOUN
cjfa-37579	208	25	of	of	ADP
cjfa-37579	208	26	the	the	DET
cjfa-37579	208	27	pandemic	pandemic	NOUN
cjfa-37579	208	28	in	in	ADP
cjfa-37579	208	29	the	the	DET
cjfa-37579	208	30	country	country	NOUN
cjfa-37579	208	31	.	.	PUNCT
cjfa-37579	209	1	nseins	nsein	NOUN
cjfa-37579	209	2	started	start	VERB
cjfa-37579	209	3	to	to	PART
cjfa-37579	209	4	recover	recover	VERB
cjfa-37579	209	5	as	as	ADV
cjfa-37579	209	6	early	early	ADV
cjfa-37579	209	7	as	as	ADP
cjfa-37579	209	8	march	march	PROPN
cjfa-37579	209	9	(	(	PUNCT
cjfa-37579	209	10	m3	m3	PROPN
cjfa-37579	209	11	)	)	PUNCT
cjfa-37579	209	12	while	while	SCONJ
cjfa-37579	209	13	other	other	ADJ
cjfa-37579	209	14	sectors	sector	NOUN
cjfa-37579	209	15	started	start	VERB
cjfa-37579	209	16	recovering	recover	VERB
cjfa-37579	209	17	toward	toward	ADP
cjfa-37579	209	18	april	april	PROPN
cjfa-37579	209	19	(	(	PUNCT
cjfa-37579	209	20	m4	m4	PROPN
cjfa-37579	209	21	)	)	PUNCT
cjfa-37579	209	22	,	,	PUNCT
cjfa-37579	209	23	afterwards	afterwards	ADV
cjfa-37579	209	24	the	the	DET
cjfa-37579	209	25	policy	policy	NOUN
cjfa-37579	209	26	responses	response	NOUN
cjfa-37579	209	27	,	,	PUNCT
cjfa-37579	209	28	except	except	SCONJ
cjfa-37579	209	29	for	for	ADP
cjfa-37579	209	30	nseoil	nseoil	NOUN
cjfa-37579	209	31	that	that	PRON
cjfa-37579	209	32	indicates	indicate	VERB
cjfa-37579	209	33	a	a	DET
cjfa-37579	209	34	second	second	ADJ
cjfa-37579	209	35	decline	decline	NOUN
cjfa-37579	209	36	around	around	ADP
cjfa-37579	209	37	may	may	PROPN
cjfa-37579	209	38	(	(	PUNCT
cjfa-37579	209	39	m5	m5	PROPN
cjfa-37579	209	40	)	)	PUNCT
cjfa-37579	209	41	towards	towards	ADP
cjfa-37579	209	42	june	june	PROPN
cjfa-37579	209	43	(	(	PUNCT
cjfa-37579	209	44	m6	m6	PROPN
cjfa-37579	209	45	)	)	PUNCT
cjfa-37579	209	46	.	.	PUNCT
cjfa-37579	210	1	the	the	DET
cjfa-37579	210	2	indexes	index	NOUN
cjfa-37579	210	3	indicate	indicate	VERB
cjfa-37579	210	4	different	different	ADJ
cjfa-37579	210	5	magnitude	magnitude	NOUN
cjfa-37579	210	6	because	because	SCONJ
cjfa-37579	210	7	the	the	DET
cjfa-37579	210	8	index	index	NOUN
cjfa-37579	210	9	value	value	NOUN
cjfa-37579	210	10	of	of	ADP
cjfa-37579	210	11	the	the	DET
cjfa-37579	210	12	sectors	sector	NOUN
cjfa-37579	210	13	varies	vary	VERB
cjfa-37579	210	14	,	,	PUNCT
cjfa-37579	210	15	the	the	DET
cjfa-37579	210	16	nsepre	nsepre	NOUN
cjfa-37579	210	17	has	have	VERB
cjfa-37579	210	18	the	the	DET
cjfa-37579	210	19	highest	high	ADJ
cjfa-37579	210	20	index	index	NOUN
cjfa-37579	210	21	followed	follow	VERB
cjfa-37579	210	22	by	by	ADP
cjfa-37579	210	23	nseisl	nseisl	NOUN
cjfa-37579	210	24	while	while	SCONJ
cjfa-37579	210	25	the	the	DET
cjfa-37579	210	26	lowest	low	ADJ
cjfa-37579	210	27	index	index	NOUN
cjfa-37579	210	28	is	be	AUX
cjfa-37579	210	29	shown	show	VERB
cjfa-37579	210	30	by	by	ADP
cjfa-37579	210	31	nseins	nsein	NOUN
cjfa-37579	210	32	.	.	PUNCT
cjfa-37579	211	1	theoretical	theoretical	ADJ
cjfa-37579	211	2	framework	framework	NOUN
cjfa-37579	211	3	stock	stock	NOUN
cjfa-37579	211	4	returns	return	NOUN
cjfa-37579	211	5	exhibit	exhibit	VERB
cjfa-37579	211	6	stochastic	stochastic	ADJ
cjfa-37579	211	7	volatility	volatility	NOUN
cjfa-37579	211	8	and	and	CCONJ
cjfa-37579	211	9	jumps	jump	VERB
cjfa-37579	211	10	(	(	PUNCT
cjfa-37579	211	11	nageri	nageri	ADJ
cjfa-37579	211	12	,	,	PUNCT
cjfa-37579	211	13	2019b	2019b	NUM
cjfa-37579	211	14	)	)	PUNCT
cjfa-37579	211	15	indicating	indicate	VERB
cjfa-37579	211	16	the	the	DET
cjfa-37579	211	17	risk	risk	NOUN
cjfa-37579	211	18	associated	associate	VERB
cjfa-37579	211	19	with	with	ADP
cjfa-37579	211	20	deviation	deviation	NOUN
cjfa-37579	211	21	in	in	ADP
cjfa-37579	211	22	returns	return	NOUN
cjfa-37579	211	23	(	(	PUNCT
cjfa-37579	211	24	campbell	campbell	PROPN
cjfa-37579	211	25	,	,	PUNCT
cjfa-37579	211	26	lettau	lettau	PROPN
cjfa-37579	211	27	,	,	PUNCT
cjfa-37579	211	28	malkiel	malkiel	PROPN
cjfa-37579	211	29	&	&	CCONJ
cjfa-37579	211	30	xu	xu	PROPN
cjfa-37579	211	31	,	,	PUNCT
cjfa-37579	211	32	2001	2001	NUM
cjfa-37579	211	33	;	;	PUNCT
cjfa-37579	211	34	pastor	pastor	NOUN
cjfa-37579	211	35	&	&	CCONJ
cjfa-37579	211	36	veronesi	veronesi	PROPN
cjfa-37579	211	37	,	,	PUNCT
cjfa-37579	211	38	2006	2006	NUM
cjfa-37579	211	39	)	)	PUNCT
cjfa-37579	211	40	.	.	PUNCT
cjfa-37579	212	1	volatility	volatility	NOUN
cjfa-37579	212	2	models	model	NOUN
cjfa-37579	212	3	should	should	AUX
cjfa-37579	212	4	capture	capture	VERB
cjfa-37579	212	5	error	error	NOUN
cjfa-37579	212	6	term	term	NOUN
cjfa-37579	212	7	’s	’s	PART
cjfa-37579	212	8	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	212	9	and	and	CCONJ
cjfa-37579	212	10	stylised	stylise	VERB
cjfa-37579	212	11	fact	fact	NOUN
cjfa-37579	212	12	in	in	ADP
cjfa-37579	212	13	stock	stock	NOUN
cjfa-37579	212	14	returns	return	NOUN
cjfa-37579	212	15	(	(	PUNCT
cjfa-37579	212	16	engle	engle	NOUN
cjfa-37579	212	17	,	,	PUNCT
cjfa-37579	212	18	1982	1982	NUM
cjfa-37579	212	19	)	)	PUNCT
cjfa-37579	212	20	.	.	PUNCT
cjfa-37579	213	1	the	the	DET
cjfa-37579	213	2	general	general	ADJ
cjfa-37579	213	3	form	form	NOUN
cjfa-37579	213	4	of	of	ADP
cjfa-37579	213	5	the	the	DET
cjfa-37579	213	6	conditional	conditional	ADJ
cjfa-37579	213	7	variance	variance	NOUN
cjfa-37579	213	8	equation	equation	NOUN
cjfa-37579	213	9	incorporates	incorporate	VERB
cjfa-37579	213	10	the	the	DET
cjfa-37579	213	11	arch	arch	ADJ
cjfa-37579	213	12	processes	process	NOUN
cjfa-37579	213	13	with	with	ADP
cjfa-37579	213	14	(	(	PUNCT
cjfa-37579	213	15	p	p	NOUN
cjfa-37579	213	16	)	)	PUNCT
cjfa-37579	213	17	lagged	lag	VERB
cjfa-37579	213	18	as	as	SCONJ
cjfa-37579	213	19	follows	follow	VERB
cjfa-37579	213	20	:	:	PUNCT
cjfa-37579	213	21	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	213	22	�	�	PROPN
cjfa-37579	213	23	�	�	PROPN
cjfa-37579	213	24	=	=	PUNCT
cjfa-37579	213	25	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	213	26	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	PROPN
cjfa-37579	213	27	�	�	PROPN
cjfa-37579	213	28	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	213	29	�	�	PROPN
cjfa-37579	213	30	�	�	PROPN
cjfa-37579	213	31	�	�	PROPN
cjfa-37579	213	32	�	�	PROPN
cjfa-37579	213	33	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	213	34	…	…	NUM
cjfa-37579	213	35	…	…	PUNCT
cjfa-37579	213	36	…	…	PUNCT
cjfa-37579	213	37	…	…	SYM
cjfa-37579	213	38	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	ADJ
cjfa-37579	213	39	�	�	PROPN
cjfa-37579	213	40	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	213	41	�	�	PROPN
cjfa-37579	213	42	�	�	PROPN
cjfa-37579	213	43	�	�	PROPN
cjfa-37579	213	44	�	�	PROPN
cjfa-37579	213	45	(	(	PUNCT
cjfa-37579	213	46	3	3	NUM
cjfa-37579	213	47	)	)	PUNCT
cjfa-37579	213	48	equation	equation	NOUN
cjfa-37579	213	49	3	3	NUM
cjfa-37579	213	50	,	,	PUNCT
cjfa-37579	213	51	arch	arch	ADJ
cjfa-37579	213	52	(	(	PUNCT
cjfa-37579	213	53	1	1	X
cjfa-37579	213	54	)	)	PUNCT
cjfa-37579	213	55	model	model	NOUN
cjfa-37579	213	56	shows	show	VERB
cjfa-37579	213	57	that	that	SCONJ
cjfa-37579	213	58	next	next	ADJ
cjfa-37579	213	59	period	period	NOUN
cjfa-37579	213	60	’s	’s	PART
cjfa-37579	213	61	variance	variance	NOUN
cjfa-37579	213	62	of	of	ADP
cjfa-37579	213	63	return	return	NOUN
cjfa-37579	213	64	which	which	PRON
cjfa-37579	213	65	was	be	AUX
cjfa-37579	213	66	the	the	DET
cjfa-37579	213	67	residuals	residual	NOUN
cjfa-37579	213	68	of	of	ADP
cjfa-37579	213	69	the	the	DET
cjfa-37579	213	70	mean	mean	ADJ
cjfa-37579	213	71	equation	equation	NOUN
cjfa-37579	213	72	(	(	PUNCT
cjfa-37579	213	73	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	213	74	�	�	PROPN
cjfa-37579	213	75	�	�	PROPN
cjfa-37579	213	76	)	)	PUNCT
cjfa-37579	213	77	,	,	PUNCT
cjfa-37579	213	78	depends	depend	VERB
cjfa-37579	213	79	on	on	ADP
cjfa-37579	213	80	squared	square	VERB
cjfa-37579	213	81	residuals	residual	NOUN
cjfa-37579	213	82	of	of	ADP
cjfa-37579	213	83	the	the	DET
cjfa-37579	213	84	past	past	ADJ
cjfa-37579	213	85	period	period	NOUN
cjfa-37579	213	86	from	from	ADP
cjfa-37579	213	87	period	period	NOUN
cjfa-37579	213	88	1	1	NUM
cjfa-37579	213	89	till	till	SCONJ
cjfa-37579	213	90	p	p	ADJ
cjfa-37579	213	91	period	period	NOUN
cjfa-37579	213	92	(	(	PUNCT
cjfa-37579	213	93	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	213	94	�	�	PROPN
cjfa-37579	213	95	�	�	PROPN
cjfa-37579	213	96	�	�	PROPN
cjfa-37579	213	97	�	�	PROPN
cjfa-37579	213	98	)	)	PUNCT
cjfa-37579	213	99	known	know	VERB
cjfa-37579	213	100	as	as	ADP
cjfa-37579	213	101	the	the	DET
cjfa-37579	213	102	arch	arch	ADJ
cjfa-37579	213	103	term	term	NOUN
cjfa-37579	213	104	,	,	PUNCT
cjfa-37579	213	105	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	213	106	�	�	PROPN
cjfa-37579	213	107	is	be	AUX
cjfa-37579	213	108	the	the	DET
cjfa-37579	213	109	parameter	parameter	NOUN
cjfa-37579	213	110	of	of	ADP
cjfa-37579	213	111	the	the	DET
cjfa-37579	213	112	arch	arch	ADJ
cjfa-37579	213	113	term	term	NOUN
cjfa-37579	213	114	and	and	CCONJ
cjfa-37579	213	115	𝜔𝜔𝜔is	𝜔𝜔𝜔is	VERB
cjfa-37579	213	116	the	the	DET
cjfa-37579	213	117	constant	constant	NOUN
cjfa-37579	213	118	.	.	PUNCT
cjfa-37579	214	1	an	an	DET
cjfa-37579	214	2	extension	extension	NOUN
cjfa-37579	214	3	is	be	AUX
cjfa-37579	214	4	the	the	DET
cjfa-37579	214	5	generalised	generalise	VERB
cjfa-37579	214	6	arch	arch	NOUN
cjfa-37579	214	7	or	or	CCONJ
cjfa-37579	214	8	garch	garch	NOUN
cjfa-37579	214	9	model	model	NOUN
cjfa-37579	214	10	which	which	PRON
cjfa-37579	214	11	adds	add	VERB
cjfa-37579	214	12	the	the	DET
cjfa-37579	214	13	lags	lag	NOUN
cjfa-37579	214	14	of	of	ADP
cjfa-37579	214	15	the	the	DET
cjfa-37579	214	16	variance	variance	NOUN
cjfa-37579	214	17	,	,	PUNCT
cjfa-37579	214	18	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	214	19	�	�	PROPN
cjfa-37579	214	20	�	�	PROPN
cjfa-37579	214	21	�	�	PROPN
cjfa-37579	214	22	�	�	PROPN
cjfa-37579	214	23	to	to	ADP
cjfa-37579	214	24	the	the	DET
cjfa-37579	214	25	standard	standard	ADJ
cjfa-37579	214	26	arch	arch	NOUN
cjfa-37579	214	27	.	.	PUNCT
cjfa-37579	215	1	garch	garch	NOUN
cjfa-37579	215	2	model	model	NOUN
cjfa-37579	215	3	has	have	VERB
cjfa-37579	215	4	one	one	NUM
cjfa-37579	215	5	lag	lag	NOUN
cjfa-37579	215	6	of	of	ADP
cjfa-37579	215	7	the	the	DET
cjfa-37579	215	8	regression	regression	NOUN
cjfa-37579	215	9	model	model	NOUN
cjfa-37579	215	10	’s	’s	PART
cjfa-37579	215	11	squared	square	VERB
cjfa-37579	215	12	residual	residual	ADJ
cjfa-37579	215	13	(	(	PUNCT
cjfa-37579	215	14	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	215	15	�	�	PROPN
cjfa-37579	215	16	�	�	PROPN
cjfa-37579	215	17	�	�	PROPN
cjfa-37579	215	18	�	�	PROPN
cjfa-37579	215	19	)	)	PUNCT
cjfa-37579	215	20	known	know	VERB
cjfa-37579	215	21	as	as	ADP
cjfa-37579	215	22	the	the	DET
cjfa-37579	215	23	arch	arch	ADJ
cjfa-37579	215	24	term	term	NOUN
cjfa-37579	215	25	and	and	CCONJ
cjfa-37579	215	26	one	one	NUM
cjfa-37579	215	27	lag	lag	NOUN
cjfa-37579	215	28	of	of	ADP
cjfa-37579	215	29	the	the	DET
cjfa-37579	215	30	variance	variance	NOUN
cjfa-37579	215	31	itself	itself	PRON
cjfa-37579	215	32	(	(	PUNCT
cjfa-37579	215	33	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	215	34	�	�	PROPN
cjfa-37579	215	35	�	�	PROPN
cjfa-37579	215	36	�	�	PROPN
cjfa-37579	215	37	�	�	PROPN
cjfa-37579	215	38	)	)	PUNCT
cjfa-37579	215	39	known	know	VERB
cjfa-37579	215	40	as	as	ADP
cjfa-37579	215	41	the	the	DET
cjfa-37579	215	42	garch	garch	NOUN
cjfa-37579	215	43	term	term	NOUN
cjfa-37579	215	44	(	(	PUNCT
cjfa-37579	215	45	bollerslev	bollerslev	ADJ
cjfa-37579	215	46	,	,	PUNCT
cjfa-37579	215	47	1986	1986	NUM
cjfa-37579	215	48	)	)	PUNCT
cjfa-37579	215	49	.	.	PUNCT
cjfa-37579	216	1	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	216	2	�	�	PROPN
cjfa-37579	216	3	�	�	PROPN
cjfa-37579	216	4	=	=	PUNCT
cjfa-37579	216	5	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	216	6	𝜔𝜔∑	𝜔𝜔∑	PROPN
cjfa-37579	216	7	𝜔𝜔𝜀𝜀	𝜔𝜔𝜀𝜀	PROPN
cjfa-37579	216	8	�	�	PROPN
cjfa-37579	216	9	�	�	PROPN
cjfa-37579	216	10	�	�	PROPN
cjfa-37579	216	11	�	�	PROPN
cjfa-37579	216	12	�	�	PROPN
cjfa-37579	216	13	�	�	PROPN
cjfa-37579	216	14	�	�	PROPN
cjfa-37579	216	15	�	�	PROPN
cjfa-37579	216	16	𝜔	𝜔	NOUN
cjfa-37579	216	17	∑	∑	PROPN
cjfa-37579	216	18	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	216	19	�	�	PROPN
cjfa-37579	216	20	�	�	PROPN
cjfa-37579	216	21	�	�	PROPN
cjfa-37579	216	22	�	�	PROPN
cjfa-37579	216	23	�	�	PROPN
cjfa-37579	216	24	�	�	PROPN
cjfa-37579	216	25	�	�	PROPN
cjfa-37579	216	26	�	�	PROPN
cjfa-37579	216	27	(	(	PUNCT
cjfa-37579	216	28	4	4	NUM
cjfa-37579	216	29	)	)	PUNCT
cjfa-37579	216	30	equation	equation	NOUN
cjfa-37579	216	31	4	4	NUM
cjfa-37579	216	32	is	be	AUX
cjfa-37579	216	33	the	the	DET
cjfa-37579	216	34	garch	garch	NOUN
cjfa-37579	216	35	model	model	NOUN
cjfa-37579	216	36	developed	develop	VERB
cjfa-37579	216	37	by	by	ADP
cjfa-37579	216	38	bollerslev	bollerslev	ADJ
cjfa-37579	216	39	(	(	PUNCT
cjfa-37579	216	40	1986	1986	NUM
cjfa-37579	216	41	)	)	PUNCT
cjfa-37579	216	42	.	.	PUNCT
cjfa-37579	217	1	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	217	2	,	,	PUNCT
cjfa-37579	217	3	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	217	4	>	>	X
cjfa-37579	217	5	0	0	PUNCT
cjfa-37579	217	6	and	and	CCONJ
cjfa-37579	217	7	(	(	PUNCT
cjfa-37579	217	8	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	217	9	+	+	X
cjfa-37579	217	10	𝛽𝛽	𝛽𝛽	X
cjfa-37579	217	11	)	)	PUNCT
cjfa-37579	217	12	<	<	X
cjfa-37579	217	13	1	1	NUM
cjfa-37579	217	14	to	to	PART
cjfa-37579	217	15	avoid	avoid	VERB
cjfa-37579	217	16	negative	negative	ADJ
cjfa-37579	217	17	conditional	conditional	ADJ
cjfa-37579	217	18	variance	variance	NOUN
cjfa-37579	217	19	and	and	CCONJ
cjfa-37579	217	20	it	it	PRON
cjfa-37579	217	21	indicates	indicate	VERB
cjfa-37579	217	22	that	that	SCONJ
cjfa-37579	217	23	present	present	ADJ
cjfa-37579	217	24	period	period	NOUN
cjfa-37579	217	25	’s	’s	PART
cjfa-37579	217	26	return	return	NOUN
cjfa-37579	217	27	variance	variance	NOUN
cjfa-37579	217	28	known	know	VERB
cjfa-37579	217	29	as	as	ADP
cjfa-37579	217	30	the	the	DET
cjfa-37579	217	31	arch	arch	ADJ
cjfa-37579	217	32	term	term	NOUN
cjfa-37579	217	33	,	,	PUNCT
cjfa-37579	217	34	α1	α1	PROPN
cjfa-37579	217	35	is	be	AUX
cjfa-37579	217	36	the	the	DET
cjfa-37579	217	37	parameter	parameter	NOUN
cjfa-37579	217	38	of	of	ADP
cjfa-37579	217	39	the	the	DET
cjfa-37579	217	40	arch	arch	ADJ
cjfa-37579	217	41	term	term	NOUN
cjfa-37579	217	42	and	and	CCONJ
cjfa-37579	217	43	ω	ω	NOUN
cjfa-37579	217	44	is	be	AUX
cjfa-37579	217	45	the	the	DET
cjfa-37579	217	46	constant	constant	ADJ
cjfa-37579	217	47	.	.	PUNCT
cjfa-37579	218	1	an	an	DET
cjfa-37579	218	2	extension	extension	NOUN
cjfa-37579	218	3	is	be	AUX
cjfa-37579	218	4	the	the	DET
cjfa-37579	218	5	generalised	generalise	VERB
cjfa-37579	218	6	arch	arch	NOUN
cjfa-37579	218	7	or	or	CCONJ
cjfa-37579	218	8	garch	garch	NOUN
cjfa-37579	218	9	model	model	NOUN
cjfa-37579	218	10	which	which	PRON
cjfa-37579	218	11	adds	add	VERB
cjfa-37579	218	12	the	the	DET
cjfa-37579	218	13	lags	lag	NOUN
cjfa-37579	218	14	of	of	ADP
cjfa-37579	218	15	the	the	DET
cjfa-37579	218	16	variance	variance	NOUN
cjfa-37579	218	17	,	,	PUNCT
cjfa-37579	218	18	the	the	DET
cjfa-37579	218	19	sectoral	sectoral	ADJ
cjfa-37579	218	20	index	index	NOUN
cjfa-37579	218	21	,	,	PUNCT
cjfa-37579	218	22	as	as	SCONJ
cjfa-37579	218	23	shown	show	VERB
cjfa-37579	218	24	in	in	ADP
cjfa-37579	218	25	figure	figure	NOUN
cjfa-37579	218	26	1	1	NUM
cjfa-37579	218	27	,	,	PUNCT
cjfa-37579	218	28	indicates	indicate	VERB
cjfa-37579	218	29	that	that	SCONJ
cjfa-37579	218	30	the	the	DET
cjfa-37579	218	31	sectors	sector	NOUN
cjfa-37579	218	32	respond	respond	VERB
cjfa-37579	218	33	similarly	similarly	ADV
cjfa-37579	218	34	during	during	ADP
cjfa-37579	218	35	the	the	DET
cjfa-37579	218	36	early	early	ADJ
cjfa-37579	218	37	months	month	NOUN
cjfa-37579	218	38	of	of	ADP
cjfa-37579	218	39	the	the	DET
cjfa-37579	218	40	year	year	NOUN
cjfa-37579	218	41	and	and	CCONJ
cjfa-37579	218	42	at	at	ADP
cjfa-37579	218	43	the	the	DET
cjfa-37579	218	44	inception	inception	NOUN
cjfa-37579	218	45	of	of	ADP
cjfa-37579	218	46	covid-19	covid-19	PROPN
cjfa-37579	218	47	cases	case	NOUN
cjfa-37579	218	48	in	in	ADP
cjfa-37579	218	49	nigeria	nigeria	PRON
cjfa-37579	218	50	between	between	ADP
cjfa-37579	218	51	january	january	PROPN
cjfa-37579	218	52	(	(	PUNCT
cjfa-37579	218	53	m1	m1	NOUN
cjfa-37579	218	54	)	)	PUNCT
cjfa-37579	218	55	and	and	CCONJ
cjfa-37579	218	56	april	april	PROPN
cjfa-37579	218	57	(	(	PUNCT
cjfa-37579	218	58	m4	m4	PROPN
cjfa-37579	218	59	)	)	PUNCT
cjfa-37579	218	60	.	.	PUNCT
cjfa-37579	219	1	the	the	DET
cjfa-37579	219	2	sectorial	sectorial	ADJ
cjfa-37579	219	3	indexes	index	NOUN
cjfa-37579	219	4	were	be	AUX
cjfa-37579	219	5	increasing	increase	VERB
cjfa-37579	219	6	in	in	ADP
cjfa-37579	219	7	january	january	PROPN
cjfa-37579	219	8	(	(	PUNCT
cjfa-37579	219	9	m1	m1	PROPN
cjfa-37579	219	10	)	)	PUNCT
cjfa-37579	219	11	but	but	CCONJ
cjfa-37579	219	12	experienced	experience	VERB
cjfa-37579	219	13	a	a	DET
cjfa-37579	219	14	decline	decline	NOUN
cjfa-37579	219	15	afterwards	afterwards	ADV
cjfa-37579	219	16	till	till	SCONJ
cjfa-37579	219	17	around	around	ADP
cjfa-37579	219	18	march	march	PROPN
cjfa-37579	219	19	(	(	PUNCT
cjfa-37579	219	20	m3	m3	PROPN
cjfa-37579	219	21	)	)	PUNCT
cjfa-37579	219	22	and	and	CCONJ
cjfa-37579	219	23	april	april	PROPN
cjfa-37579	219	24	(	(	PUNCT
cjfa-37579	219	25	m4	m4	PROPN
cjfa-37579	219	26	)	)	PUNCT
cjfa-37579	219	27	.	.	PUNCT
cjfa-37579	220	1	this	this	PRON
cjfa-37579	220	2	was	be	AUX
cjfa-37579	220	3	the	the	DET
cjfa-37579	220	4	period	period	NOUN
cjfa-37579	220	5	when	when	SCONJ
cjfa-37579	220	6	covid19	covid19	NOUN
cjfa-37579	220	7	was	be	AUX
cjfa-37579	220	8	first	first	ADV
cjfa-37579	220	9	reported	report	VERB
cjfa-37579	220	10	and	and	CCONJ
cjfa-37579	220	11	various	various	ADJ
cjfa-37579	220	12	forms	form	NOUN
cjfa-37579	220	13	of	of	ADP
cjfa-37579	220	14	lockdown	lockdown	NOUN
cjfa-37579	220	15	were	be	AUX
cjfa-37579	220	16	also	also	ADV
cjfa-37579	220	17	announced	announce	VERB
cjfa-37579	220	18	in	in	ADP
cjfa-37579	220	19	nigeria	nigeria	PROPN
cjfa-37579	220	20	.	.	PUNCT
cjfa-37579	221	1	during	during	ADP
cjfa-37579	221	2	this	this	DET
cjfa-37579	221	3	period	period	NOUN
cjfa-37579	221	4	of	of	ADP
cjfa-37579	221	5	lockdowns	lockdown	NOUN
cjfa-37579	221	6	and	and	CCONJ
cjfa-37579	221	7	decline	decline	NOUN
cjfa-37579	221	8	,	,	PUNCT
cjfa-37579	221	9	various	various	ADJ
cjfa-37579	221	10	policy	policy	NOUN
cjfa-37579	221	11	responses	response	NOUN
cjfa-37579	221	12	by	by	ADP
cjfa-37579	221	13	different	different	ADJ
cjfa-37579	221	14	economic	economic	ADJ
cjfa-37579	221	15	agencies	agency	NOUN
cjfa-37579	221	16	were	be	AUX
cjfa-37579	221	17	announced	announce	VERB
cjfa-37579	221	18	and	and	CCONJ
cjfa-37579	221	19	implemented	implement	VERB
cjfa-37579	221	20	to	to	PART
cjfa-37579	221	21	cushion	cushion	VERB
cjfa-37579	221	22	the	the	DET
cjfa-37579	221	23	negative	negative	ADJ
cjfa-37579	221	24	effect	effect	NOUN
cjfa-37579	221	25	of	of	ADP
cjfa-37579	221	26	the	the	DET
cjfa-37579	221	27	pandemic	pandemic	NOUN
cjfa-37579	221	28	in	in	ADP
cjfa-37579	221	29	the	the	DET
cjfa-37579	221	30	country	country	NOUN
cjfa-37579	221	31	.	.	PUNCT
cjfa-37579	222	1	nseins	nsein	NOUN
cjfa-37579	222	2	started	start	VERB
cjfa-37579	222	3	to	to	PART
cjfa-37579	222	4	recover	recover	VERB
cjfa-37579	222	5	as	as	ADV
cjfa-37579	222	6	early	early	ADV
cjfa-37579	222	7	as	as	ADP
cjfa-37579	222	8	march	march	PROPN
cjfa-37579	222	9	(	(	PUNCT
cjfa-37579	222	10	m3	m3	PROPN
cjfa-37579	222	11	)	)	PUNCT
cjfa-37579	222	12	while	while	SCONJ
cjfa-37579	222	13	other	other	ADJ
cjfa-37579	222	14	sectors	sector	NOUN
cjfa-37579	222	15	started	start	VERB
cjfa-37579	222	16	recovering	recover	VERB
cjfa-37579	222	17	toward	toward	ADP
cjfa-37579	222	18	april	april	PROPN
cjfa-37579	222	19	(	(	PUNCT
cjfa-37579	222	20	m4	m4	PROPN
cjfa-37579	222	21	)	)	PUNCT
cjfa-37579	222	22	,	,	PUNCT
cjfa-37579	222	23	afterwards	afterwards	ADV
cjfa-37579	222	24	the	the	DET
cjfa-37579	222	25	policy	policy	NOUN
cjfa-37579	222	26	responses	response	NOUN
cjfa-37579	222	27	,	,	PUNCT
cjfa-37579	222	28	except	except	SCONJ
cjfa-37579	222	29	for	for	ADP
cjfa-37579	222	30	nseoil	nseoil	NOUN
cjfa-37579	222	31	that	that	PRON
cjfa-37579	222	32	indicates	indicate	VERB
cjfa-37579	222	33	a	a	DET
cjfa-37579	222	34	second	second	ADJ
cjfa-37579	222	35	decline	decline	NOUN
cjfa-37579	222	36	around	around	ADP
cjfa-37579	222	37	may	may	PROPN
cjfa-37579	222	38	(	(	PUNCT
cjfa-37579	222	39	m5	m5	PROPN
cjfa-37579	222	40	)	)	PUNCT
cjfa-37579	222	41	towards	towards	ADP
cjfa-37579	222	42	june	june	PROPN
cjfa-37579	222	43	(	(	PUNCT
cjfa-37579	222	44	m6	m6	PROPN
cjfa-37579	222	45	)	)	PUNCT
cjfa-37579	222	46	.	.	PUNCT
cjfa-37579	223	1	the	the	DET
cjfa-37579	223	2	indexes	index	NOUN
cjfa-37579	223	3	indicate	indicate	VERB
cjfa-37579	223	4	different	different	ADJ
cjfa-37579	223	5	magnitude	magnitude	NOUN
cjfa-37579	223	6	because	because	SCONJ
cjfa-37579	223	7	the	the	DET
cjfa-37579	223	8	index	index	NOUN
cjfa-37579	223	9	value	value	NOUN
cjfa-37579	223	10	of	of	ADP
cjfa-37579	223	11	the	the	DET
cjfa-37579	223	12	sectors	sector	NOUN
cjfa-37579	223	13	varies	vary	VERB
cjfa-37579	223	14	,	,	PUNCT
cjfa-37579	223	15	the	the	DET
cjfa-37579	223	16	nsepre	nsepre	NOUN
cjfa-37579	223	17	has	have	VERB
cjfa-37579	223	18	the	the	DET
cjfa-37579	223	19	highest	high	ADJ
cjfa-37579	223	20	index	index	NOUN
cjfa-37579	223	21	followed	follow	VERB
cjfa-37579	223	22	by	by	ADP
cjfa-37579	223	23	nseisl	nseisl	NOUN
cjfa-37579	223	24	while	while	SCONJ
cjfa-37579	223	25	the	the	DET
cjfa-37579	223	26	lowest	low	ADJ
cjfa-37579	223	27	index	index	NOUN
cjfa-37579	223	28	is	be	AUX
cjfa-37579	223	29	shown	show	VERB
cjfa-37579	223	30	by	by	ADP
cjfa-37579	223	31	nseins	nsein	NOUN
cjfa-37579	223	32	.	.	PUNCT
cjfa-37579	224	1	theoretical	theoretical	ADJ
cjfa-37579	224	2	framework	framework	NOUN
cjfa-37579	224	3	stock	stock	NOUN
cjfa-37579	224	4	returns	return	NOUN
cjfa-37579	224	5	exhibit	exhibit	VERB
cjfa-37579	224	6	stochastic	stochastic	ADJ
cjfa-37579	224	7	volatility	volatility	NOUN
cjfa-37579	224	8	and	and	CCONJ
cjfa-37579	224	9	jumps	jump	VERB
cjfa-37579	224	10	(	(	PUNCT
cjfa-37579	224	11	nageri	nageri	ADJ
cjfa-37579	224	12	,	,	PUNCT
cjfa-37579	224	13	2019b	2019b	NUM
cjfa-37579	224	14	)	)	PUNCT
cjfa-37579	224	15	indicating	indicate	VERB
cjfa-37579	224	16	the	the	DET
cjfa-37579	224	17	risk	risk	NOUN
cjfa-37579	224	18	associated	associate	VERB
cjfa-37579	224	19	with	with	ADP
cjfa-37579	224	20	deviation	deviation	NOUN
cjfa-37579	224	21	in	in	ADP
cjfa-37579	224	22	returns	return	NOUN
cjfa-37579	224	23	(	(	PUNCT
cjfa-37579	224	24	campbell	campbell	PROPN
cjfa-37579	224	25	,	,	PUNCT
cjfa-37579	224	26	lettau	lettau	PROPN
cjfa-37579	224	27	,	,	PUNCT
cjfa-37579	224	28	malkiel	malkiel	PROPN
cjfa-37579	224	29	&	&	CCONJ
cjfa-37579	224	30	xu	xu	PROPN
cjfa-37579	224	31	,	,	PUNCT
cjfa-37579	224	32	2001	2001	NUM
cjfa-37579	224	33	;	;	PUNCT
cjfa-37579	224	34	pastor	pastor	NOUN
cjfa-37579	224	35	&	&	CCONJ
cjfa-37579	224	36	veronesi	veronesi	PROPN
cjfa-37579	224	37	,	,	PUNCT
cjfa-37579	224	38	2006	2006	NUM
cjfa-37579	224	39	)	)	PUNCT
cjfa-37579	224	40	.	.	PUNCT
cjfa-37579	225	1	volatility	volatility	NOUN
cjfa-37579	225	2	models	model	NOUN
cjfa-37579	225	3	should	should	AUX
cjfa-37579	225	4	capture	capture	VERB
cjfa-37579	225	5	error	error	NOUN
cjfa-37579	225	6	term	term	NOUN
cjfa-37579	225	7	’s	’s	PART
cjfa-37579	225	8	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	225	9	and	and	CCONJ
cjfa-37579	225	10	stylised	stylise	VERB
cjfa-37579	225	11	fact	fact	NOUN
cjfa-37579	225	12	in	in	ADP
cjfa-37579	225	13	stock	stock	NOUN
cjfa-37579	225	14	returns	return	NOUN
cjfa-37579	225	15	(	(	PUNCT
cjfa-37579	225	16	engle	engle	NOUN
cjfa-37579	225	17	,	,	PUNCT
cjfa-37579	225	18	1982	1982	NUM
cjfa-37579	225	19	)	)	PUNCT
cjfa-37579	225	20	.	.	PUNCT
cjfa-37579	226	1	the	the	DET
cjfa-37579	226	2	general	general	ADJ
cjfa-37579	226	3	form	form	NOUN
cjfa-37579	226	4	of	of	ADP
cjfa-37579	226	5	the	the	DET
cjfa-37579	226	6	conditional	conditional	ADJ
cjfa-37579	226	7	variance	variance	NOUN
cjfa-37579	226	8	equation	equation	NOUN
cjfa-37579	226	9	incorporates	incorporate	VERB
cjfa-37579	226	10	the	the	DET
cjfa-37579	226	11	arch	arch	ADJ
cjfa-37579	226	12	processes	process	NOUN
cjfa-37579	226	13	with	with	ADP
cjfa-37579	226	14	(	(	PUNCT
cjfa-37579	226	15	p	p	NOUN
cjfa-37579	226	16	)	)	PUNCT
cjfa-37579	226	17	lagged	lag	VERB
cjfa-37579	226	18	as	as	SCONJ
cjfa-37579	226	19	follows	follow	VERB
cjfa-37579	226	20	:	:	PUNCT
cjfa-37579	226	21	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	226	22	�	�	PROPN
cjfa-37579	226	23	�	�	PROPN
cjfa-37579	226	24	=	=	PUNCT
cjfa-37579	226	25	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	226	26	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	PROPN
cjfa-37579	226	27	�	�	PROPN
cjfa-37579	226	28	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	226	29	�	�	PROPN
cjfa-37579	226	30	�	�	PROPN
cjfa-37579	226	31	�	�	PROPN
cjfa-37579	226	32	�	�	PROPN
cjfa-37579	226	33	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	226	34	…	…	NUM
cjfa-37579	226	35	…	…	PUNCT
cjfa-37579	226	36	…	…	PUNCT
cjfa-37579	226	37	…	…	SYM
cjfa-37579	226	38	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	ADJ
cjfa-37579	226	39	�	�	PROPN
cjfa-37579	226	40	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	226	41	�	�	PROPN
cjfa-37579	226	42	�	�	PROPN
cjfa-37579	226	43	�	�	PROPN
cjfa-37579	226	44	�	�	PROPN
cjfa-37579	226	45	(	(	PUNCT
cjfa-37579	226	46	3	3	NUM
cjfa-37579	226	47	)	)	PUNCT
cjfa-37579	226	48	equation	equation	NOUN
cjfa-37579	226	49	3	3	NUM
cjfa-37579	226	50	,	,	PUNCT
cjfa-37579	226	51	arch	arch	ADJ
cjfa-37579	226	52	(	(	PUNCT
cjfa-37579	226	53	1	1	X
cjfa-37579	226	54	)	)	PUNCT
cjfa-37579	226	55	model	model	NOUN
cjfa-37579	226	56	shows	show	VERB
cjfa-37579	226	57	that	that	SCONJ
cjfa-37579	226	58	next	next	ADJ
cjfa-37579	226	59	period	period	NOUN
cjfa-37579	226	60	’s	’s	PART
cjfa-37579	226	61	variance	variance	NOUN
cjfa-37579	226	62	of	of	ADP
cjfa-37579	226	63	return	return	NOUN
cjfa-37579	226	64	which	which	PRON
cjfa-37579	226	65	was	be	AUX
cjfa-37579	226	66	the	the	DET
cjfa-37579	226	67	residuals	residual	NOUN
cjfa-37579	226	68	of	of	ADP
cjfa-37579	226	69	the	the	DET
cjfa-37579	226	70	mean	mean	ADJ
cjfa-37579	226	71	equation	equation	NOUN
cjfa-37579	226	72	(	(	PUNCT
cjfa-37579	226	73	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	226	74	�	�	PROPN
cjfa-37579	226	75	�	�	PROPN
cjfa-37579	226	76	)	)	PUNCT
cjfa-37579	226	77	,	,	PUNCT
cjfa-37579	226	78	depends	depend	VERB
cjfa-37579	226	79	on	on	ADP
cjfa-37579	226	80	squared	square	VERB
cjfa-37579	226	81	residuals	residual	NOUN
cjfa-37579	226	82	of	of	ADP
cjfa-37579	226	83	the	the	DET
cjfa-37579	226	84	past	past	ADJ
cjfa-37579	226	85	period	period	NOUN
cjfa-37579	226	86	from	from	ADP
cjfa-37579	226	87	period	period	NOUN
cjfa-37579	226	88	1	1	NUM
cjfa-37579	226	89	till	till	SCONJ
cjfa-37579	226	90	p	p	ADJ
cjfa-37579	226	91	period	period	NOUN
cjfa-37579	226	92	(	(	PUNCT
cjfa-37579	226	93	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	226	94	�	�	PROPN
cjfa-37579	226	95	�	�	PROPN
cjfa-37579	226	96	�	�	PROPN
cjfa-37579	226	97	�	�	PROPN
cjfa-37579	226	98	)	)	PUNCT
cjfa-37579	226	99	known	know	VERB
cjfa-37579	226	100	as	as	ADP
cjfa-37579	226	101	the	the	DET
cjfa-37579	226	102	arch	arch	ADJ
cjfa-37579	226	103	term	term	NOUN
cjfa-37579	226	104	,	,	PUNCT
cjfa-37579	226	105	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	226	106	�	�	PROPN
cjfa-37579	226	107	is	be	AUX
cjfa-37579	226	108	the	the	DET
cjfa-37579	226	109	parameter	parameter	NOUN
cjfa-37579	226	110	of	of	ADP
cjfa-37579	226	111	the	the	DET
cjfa-37579	226	112	arch	arch	ADJ
cjfa-37579	226	113	term	term	NOUN
cjfa-37579	226	114	and	and	CCONJ
cjfa-37579	226	115	𝜔𝜔𝜔is	𝜔𝜔𝜔is	VERB
cjfa-37579	226	116	the	the	DET
cjfa-37579	226	117	constant	constant	NOUN
cjfa-37579	226	118	.	.	PUNCT
cjfa-37579	227	1	an	an	DET
cjfa-37579	227	2	extension	extension	NOUN
cjfa-37579	227	3	is	be	AUX
cjfa-37579	227	4	the	the	DET
cjfa-37579	227	5	generalised	generalise	VERB
cjfa-37579	227	6	arch	arch	NOUN
cjfa-37579	227	7	or	or	CCONJ
cjfa-37579	227	8	garch	garch	NOUN
cjfa-37579	227	9	model	model	NOUN
cjfa-37579	227	10	which	which	PRON
cjfa-37579	227	11	adds	add	VERB
cjfa-37579	227	12	the	the	DET
cjfa-37579	227	13	lags	lag	NOUN
cjfa-37579	227	14	of	of	ADP
cjfa-37579	227	15	the	the	DET
cjfa-37579	227	16	variance	variance	NOUN
cjfa-37579	227	17	,	,	PUNCT
cjfa-37579	227	18	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	227	19	�	�	PROPN
cjfa-37579	227	20	�	�	PROPN
cjfa-37579	227	21	�	�	PROPN
cjfa-37579	227	22	�	�	PROPN
cjfa-37579	227	23	to	to	ADP
cjfa-37579	227	24	the	the	DET
cjfa-37579	227	25	standard	standard	ADJ
cjfa-37579	227	26	arch	arch	NOUN
cjfa-37579	227	27	.	.	PUNCT
cjfa-37579	228	1	garch	garch	NOUN
cjfa-37579	228	2	model	model	NOUN
cjfa-37579	228	3	has	have	VERB
cjfa-37579	228	4	one	one	NUM
cjfa-37579	228	5	lag	lag	NOUN
cjfa-37579	228	6	of	of	ADP
cjfa-37579	228	7	the	the	DET
cjfa-37579	228	8	regression	regression	NOUN
cjfa-37579	228	9	model	model	NOUN
cjfa-37579	228	10	’s	’s	PART
cjfa-37579	228	11	squared	square	VERB
cjfa-37579	228	12	residual	residual	ADJ
cjfa-37579	228	13	(	(	PUNCT
cjfa-37579	228	14	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	228	15	�	�	PROPN
cjfa-37579	228	16	�	�	PROPN
cjfa-37579	228	17	�	�	PROPN
cjfa-37579	228	18	�	�	PROPN
cjfa-37579	228	19	)	)	PUNCT
cjfa-37579	228	20	known	know	VERB
cjfa-37579	228	21	as	as	ADP
cjfa-37579	228	22	the	the	DET
cjfa-37579	228	23	arch	arch	ADJ
cjfa-37579	228	24	term	term	NOUN
cjfa-37579	228	25	and	and	CCONJ
cjfa-37579	228	26	one	one	NUM
cjfa-37579	228	27	lag	lag	NOUN
cjfa-37579	228	28	of	of	ADP
cjfa-37579	228	29	the	the	DET
cjfa-37579	228	30	variance	variance	NOUN
cjfa-37579	228	31	itself	itself	PRON
cjfa-37579	228	32	(	(	PUNCT
cjfa-37579	228	33	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	228	34	�	�	PROPN
cjfa-37579	228	35	�	�	PROPN
cjfa-37579	228	36	�	�	PROPN
cjfa-37579	228	37	�	�	PROPN
cjfa-37579	228	38	)	)	PUNCT
cjfa-37579	228	39	known	know	VERB
cjfa-37579	228	40	as	as	ADP
cjfa-37579	228	41	the	the	DET
cjfa-37579	228	42	garch	garch	NOUN
cjfa-37579	228	43	term	term	NOUN
cjfa-37579	228	44	(	(	PUNCT
cjfa-37579	228	45	bollerslev	bollerslev	ADJ
cjfa-37579	228	46	,	,	PUNCT
cjfa-37579	228	47	1986	1986	NUM
cjfa-37579	228	48	)	)	PUNCT
cjfa-37579	228	49	.	.	PUNCT
cjfa-37579	229	1	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	229	2	�	�	PROPN
cjfa-37579	229	3	�	�	PROPN
cjfa-37579	229	4	=	=	PUNCT
cjfa-37579	229	5	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	229	6	𝜔𝜔∑	𝜔𝜔∑	PROPN
cjfa-37579	229	7	𝜔𝜔𝜀𝜀	𝜔𝜔𝜀𝜀	PROPN
cjfa-37579	229	8	�	�	PROPN
cjfa-37579	229	9	�	�	PROPN
cjfa-37579	229	10	�	�	PROPN
cjfa-37579	229	11	�	�	PROPN
cjfa-37579	229	12	�	�	PROPN
cjfa-37579	229	13	�	�	PROPN
cjfa-37579	229	14	�	�	PROPN
cjfa-37579	229	15	�	�	PROPN
cjfa-37579	229	16	𝜔	𝜔	NOUN
cjfa-37579	229	17	∑	∑	PROPN
cjfa-37579	229	18	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	229	19	�	�	PROPN
cjfa-37579	229	20	�	�	PROPN
cjfa-37579	229	21	�	�	PROPN
cjfa-37579	229	22	�	�	PROPN
cjfa-37579	229	23	�	�	PROPN
cjfa-37579	229	24	�	�	PROPN
cjfa-37579	229	25	�	�	PROPN
cjfa-37579	229	26	�	�	PROPN
cjfa-37579	229	27	(	(	PUNCT
cjfa-37579	229	28	4	4	NUM
cjfa-37579	229	29	)	)	PUNCT
cjfa-37579	229	30	equation	equation	NOUN
cjfa-37579	229	31	4	4	NUM
cjfa-37579	229	32	is	be	AUX
cjfa-37579	229	33	the	the	DET
cjfa-37579	229	34	garch	garch	NOUN
cjfa-37579	229	35	model	model	NOUN
cjfa-37579	229	36	developed	develop	VERB
cjfa-37579	229	37	by	by	ADP
cjfa-37579	229	38	bollerslev	bollerslev	ADJ
cjfa-37579	229	39	(	(	PUNCT
cjfa-37579	229	40	1986	1986	NUM
cjfa-37579	229	41	)	)	PUNCT
cjfa-37579	229	42	.	.	PUNCT
cjfa-37579	230	1	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	230	2	,	,	PUNCT
cjfa-37579	230	3	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	230	4	>	>	X
cjfa-37579	230	5	0	0	PUNCT
cjfa-37579	230	6	and	and	CCONJ
cjfa-37579	230	7	(	(	PUNCT
cjfa-37579	230	8	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	230	9	+	+	X
cjfa-37579	230	10	𝛽𝛽	𝛽𝛽	X
cjfa-37579	230	11	)	)	PUNCT
cjfa-37579	230	12	<	<	X
cjfa-37579	230	13	1	1	NUM
cjfa-37579	230	14	to	to	PART
cjfa-37579	230	15	avoid	avoid	VERB
cjfa-37579	230	16	negative	negative	ADJ
cjfa-37579	230	17	conditional	conditional	ADJ
cjfa-37579	230	18	variance	variance	NOUN
cjfa-37579	230	19	and	and	CCONJ
cjfa-37579	230	20	it	it	PRON
cjfa-37579	230	21	indicates	indicate	VERB
cjfa-37579	230	22	that	that	SCONJ
cjfa-37579	230	23	present	present	ADJ
cjfa-37579	230	24	period	period	NOUN
cjfa-37579	230	25	’s	’s	PART
cjfa-37579	230	26	return	return	NOUN
cjfa-37579	230	27	variance	variance	NOUN
cjfa-37579	230	28	to	to	ADP
cjfa-37579	230	29	the	the	DET
cjfa-37579	230	30	standard	standard	ADJ
cjfa-37579	230	31	arch	arch	NOUN
cjfa-37579	230	32	.	.	PUNCT
cjfa-37579	231	1	garch	garch	NOUN
cjfa-37579	231	2	model	model	NOUN
cjfa-37579	231	3	has	have	VERB
cjfa-37579	231	4	one	one	NUM
cjfa-37579	231	5	lag	lag	NOUN
cjfa-37579	231	6	of	of	ADP
cjfa-37579	231	7	the	the	DET
cjfa-37579	231	8	regression	regression	NOUN
cjfa-37579	231	9	model	model	NOUN
cjfa-37579	231	10	’s	’s	PART
cjfa-37579	231	11	squared	square	VERB
cjfa-37579	231	12	residual	residual	ADJ
cjfa-37579	231	13	the	the	DET
cjfa-37579	231	14	sectoral	sectoral	ADJ
cjfa-37579	231	15	index	index	NOUN
cjfa-37579	231	16	,	,	PUNCT
cjfa-37579	231	17	as	as	SCONJ
cjfa-37579	231	18	shown	show	VERB
cjfa-37579	231	19	in	in	ADP
cjfa-37579	231	20	figure	figure	NOUN
cjfa-37579	231	21	1	1	NUM
cjfa-37579	231	22	,	,	PUNCT
cjfa-37579	231	23	indicates	indicate	VERB
cjfa-37579	231	24	that	that	SCONJ
cjfa-37579	231	25	the	the	DET
cjfa-37579	231	26	sectors	sector	NOUN
cjfa-37579	231	27	respond	respond	VERB
cjfa-37579	231	28	similarly	similarly	ADV
cjfa-37579	231	29	during	during	ADP
cjfa-37579	231	30	the	the	DET
cjfa-37579	231	31	early	early	ADJ
cjfa-37579	231	32	months	month	NOUN
cjfa-37579	231	33	of	of	ADP
cjfa-37579	231	34	the	the	DET
cjfa-37579	231	35	year	year	NOUN
cjfa-37579	231	36	and	and	CCONJ
cjfa-37579	231	37	at	at	ADP
cjfa-37579	231	38	the	the	DET
cjfa-37579	231	39	inception	inception	NOUN
cjfa-37579	231	40	of	of	ADP
cjfa-37579	231	41	covid-19	covid-19	PROPN
cjfa-37579	231	42	cases	case	NOUN
cjfa-37579	231	43	in	in	ADP
cjfa-37579	231	44	nigeria	nigeria	PRON
cjfa-37579	231	45	between	between	ADP
cjfa-37579	231	46	january	january	PROPN
cjfa-37579	231	47	(	(	PUNCT
cjfa-37579	231	48	m1	m1	NOUN
cjfa-37579	231	49	)	)	PUNCT
cjfa-37579	231	50	and	and	CCONJ
cjfa-37579	231	51	april	april	PROPN
cjfa-37579	231	52	(	(	PUNCT
cjfa-37579	231	53	m4	m4	PROPN
cjfa-37579	231	54	)	)	PUNCT
cjfa-37579	231	55	.	.	PUNCT
cjfa-37579	232	1	the	the	DET
cjfa-37579	232	2	sectorial	sectorial	ADJ
cjfa-37579	232	3	indexes	index	NOUN
cjfa-37579	232	4	were	be	AUX
cjfa-37579	232	5	increasing	increase	VERB
cjfa-37579	232	6	in	in	ADP
cjfa-37579	232	7	january	january	PROPN
cjfa-37579	232	8	(	(	PUNCT
cjfa-37579	232	9	m1	m1	PROPN
cjfa-37579	232	10	)	)	PUNCT
cjfa-37579	232	11	but	but	CCONJ
cjfa-37579	232	12	experienced	experience	VERB
cjfa-37579	232	13	a	a	DET
cjfa-37579	232	14	decline	decline	NOUN
cjfa-37579	232	15	afterwards	afterwards	ADV
cjfa-37579	232	16	till	till	SCONJ
cjfa-37579	232	17	around	around	ADP
cjfa-37579	232	18	march	march	PROPN
cjfa-37579	232	19	(	(	PUNCT
cjfa-37579	232	20	m3	m3	PROPN
cjfa-37579	232	21	)	)	PUNCT
cjfa-37579	232	22	and	and	CCONJ
cjfa-37579	232	23	april	april	PROPN
cjfa-37579	232	24	(	(	PUNCT
cjfa-37579	232	25	m4	m4	PROPN
cjfa-37579	232	26	)	)	PUNCT
cjfa-37579	232	27	.	.	PUNCT
cjfa-37579	233	1	this	this	PRON
cjfa-37579	233	2	was	be	AUX
cjfa-37579	233	3	the	the	DET
cjfa-37579	233	4	period	period	NOUN
cjfa-37579	233	5	when	when	SCONJ
cjfa-37579	233	6	covid19	covid19	NOUN
cjfa-37579	233	7	was	be	AUX
cjfa-37579	233	8	first	first	ADV
cjfa-37579	233	9	reported	report	VERB
cjfa-37579	233	10	and	and	CCONJ
cjfa-37579	233	11	various	various	ADJ
cjfa-37579	233	12	forms	form	NOUN
cjfa-37579	233	13	of	of	ADP
cjfa-37579	233	14	lockdown	lockdown	NOUN
cjfa-37579	233	15	were	be	AUX
cjfa-37579	233	16	also	also	ADV
cjfa-37579	233	17	announced	announce	VERB
cjfa-37579	233	18	in	in	ADP
cjfa-37579	233	19	nigeria	nigeria	PROPN
cjfa-37579	233	20	.	.	PUNCT
cjfa-37579	234	1	during	during	ADP
cjfa-37579	234	2	this	this	DET
cjfa-37579	234	3	period	period	NOUN
cjfa-37579	234	4	of	of	ADP
cjfa-37579	234	5	lockdowns	lockdown	NOUN
cjfa-37579	234	6	and	and	CCONJ
cjfa-37579	234	7	decline	decline	NOUN
cjfa-37579	234	8	,	,	PUNCT
cjfa-37579	234	9	various	various	ADJ
cjfa-37579	234	10	policy	policy	NOUN
cjfa-37579	234	11	responses	response	NOUN
cjfa-37579	234	12	by	by	ADP
cjfa-37579	234	13	different	different	ADJ
cjfa-37579	234	14	economic	economic	ADJ
cjfa-37579	234	15	agencies	agency	NOUN
cjfa-37579	234	16	were	be	AUX
cjfa-37579	234	17	announced	announce	VERB
cjfa-37579	234	18	and	and	CCONJ
cjfa-37579	234	19	implemented	implement	VERB
cjfa-37579	234	20	to	to	PART
cjfa-37579	234	21	cushion	cushion	VERB
cjfa-37579	234	22	the	the	DET
cjfa-37579	234	23	negative	negative	ADJ
cjfa-37579	234	24	effect	effect	NOUN
cjfa-37579	234	25	of	of	ADP
cjfa-37579	234	26	the	the	DET
cjfa-37579	234	27	pandemic	pandemic	NOUN
cjfa-37579	234	28	in	in	ADP
cjfa-37579	234	29	the	the	DET
cjfa-37579	234	30	country	country	NOUN
cjfa-37579	234	31	.	.	PUNCT
cjfa-37579	235	1	nseins	nsein	NOUN
cjfa-37579	235	2	started	start	VERB
cjfa-37579	235	3	to	to	PART
cjfa-37579	235	4	recover	recover	VERB
cjfa-37579	235	5	as	as	ADV
cjfa-37579	235	6	early	early	ADV
cjfa-37579	235	7	as	as	ADP
cjfa-37579	235	8	march	march	PROPN
cjfa-37579	235	9	(	(	PUNCT
cjfa-37579	235	10	m3	m3	PROPN
cjfa-37579	235	11	)	)	PUNCT
cjfa-37579	235	12	while	while	SCONJ
cjfa-37579	235	13	other	other	ADJ
cjfa-37579	235	14	sectors	sector	NOUN
cjfa-37579	235	15	started	start	VERB
cjfa-37579	235	16	recovering	recover	VERB
cjfa-37579	235	17	toward	toward	ADP
cjfa-37579	235	18	april	april	PROPN
cjfa-37579	235	19	(	(	PUNCT
cjfa-37579	235	20	m4	m4	PROPN
cjfa-37579	235	21	)	)	PUNCT
cjfa-37579	235	22	,	,	PUNCT
cjfa-37579	235	23	afterwards	afterwards	ADV
cjfa-37579	235	24	the	the	DET
cjfa-37579	235	25	policy	policy	NOUN
cjfa-37579	235	26	responses	response	NOUN
cjfa-37579	235	27	,	,	PUNCT
cjfa-37579	235	28	except	except	SCONJ
cjfa-37579	235	29	for	for	ADP
cjfa-37579	235	30	nseoil	nseoil	NOUN
cjfa-37579	235	31	that	that	PRON
cjfa-37579	235	32	indicates	indicate	VERB
cjfa-37579	235	33	a	a	DET
cjfa-37579	235	34	second	second	ADJ
cjfa-37579	235	35	decline	decline	NOUN
cjfa-37579	235	36	around	around	ADP
cjfa-37579	235	37	may	may	PROPN
cjfa-37579	235	38	(	(	PUNCT
cjfa-37579	235	39	m5	m5	PROPN
cjfa-37579	235	40	)	)	PUNCT
cjfa-37579	235	41	towards	towards	ADP
cjfa-37579	235	42	june	june	PROPN
cjfa-37579	235	43	(	(	PUNCT
cjfa-37579	235	44	m6	m6	PROPN
cjfa-37579	235	45	)	)	PUNCT
cjfa-37579	235	46	.	.	PUNCT
cjfa-37579	236	1	the	the	DET
cjfa-37579	236	2	indexes	index	NOUN
cjfa-37579	236	3	indicate	indicate	VERB
cjfa-37579	236	4	different	different	ADJ
cjfa-37579	236	5	magnitude	magnitude	NOUN
cjfa-37579	236	6	because	because	SCONJ
cjfa-37579	236	7	the	the	DET
cjfa-37579	236	8	index	index	NOUN
cjfa-37579	236	9	value	value	NOUN
cjfa-37579	236	10	of	of	ADP
cjfa-37579	236	11	the	the	DET
cjfa-37579	236	12	sectors	sector	NOUN
cjfa-37579	236	13	varies	vary	VERB
cjfa-37579	236	14	,	,	PUNCT
cjfa-37579	236	15	the	the	DET
cjfa-37579	236	16	nsepre	nsepre	NOUN
cjfa-37579	236	17	has	have	VERB
cjfa-37579	236	18	the	the	DET
cjfa-37579	236	19	highest	high	ADJ
cjfa-37579	236	20	index	index	NOUN
cjfa-37579	236	21	followed	follow	VERB
cjfa-37579	236	22	by	by	ADP
cjfa-37579	236	23	nseisl	nseisl	NOUN
cjfa-37579	236	24	while	while	SCONJ
cjfa-37579	236	25	the	the	DET
cjfa-37579	236	26	lowest	low	ADJ
cjfa-37579	236	27	index	index	NOUN
cjfa-37579	236	28	is	be	AUX
cjfa-37579	236	29	shown	show	VERB
cjfa-37579	236	30	by	by	ADP
cjfa-37579	236	31	nseins	nsein	NOUN
cjfa-37579	236	32	.	.	PUNCT
cjfa-37579	237	1	theoretical	theoretical	ADJ
cjfa-37579	237	2	framework	framework	NOUN
cjfa-37579	237	3	stock	stock	NOUN
cjfa-37579	237	4	returns	return	NOUN
cjfa-37579	237	5	exhibit	exhibit	VERB
cjfa-37579	237	6	stochastic	stochastic	ADJ
cjfa-37579	237	7	volatility	volatility	NOUN
cjfa-37579	237	8	and	and	CCONJ
cjfa-37579	237	9	jumps	jump	VERB
cjfa-37579	237	10	(	(	PUNCT
cjfa-37579	237	11	nageri	nageri	ADJ
cjfa-37579	237	12	,	,	PUNCT
cjfa-37579	237	13	2019b	2019b	NUM
cjfa-37579	237	14	)	)	PUNCT
cjfa-37579	237	15	indicating	indicate	VERB
cjfa-37579	237	16	the	the	DET
cjfa-37579	237	17	risk	risk	NOUN
cjfa-37579	237	18	associated	associate	VERB
cjfa-37579	237	19	with	with	ADP
cjfa-37579	237	20	deviation	deviation	NOUN
cjfa-37579	237	21	in	in	ADP
cjfa-37579	237	22	returns	return	NOUN
cjfa-37579	237	23	(	(	PUNCT
cjfa-37579	237	24	campbell	campbell	PROPN
cjfa-37579	237	25	,	,	PUNCT
cjfa-37579	237	26	lettau	lettau	PROPN
cjfa-37579	237	27	,	,	PUNCT
cjfa-37579	237	28	malkiel	malkiel	PROPN
cjfa-37579	237	29	&	&	CCONJ
cjfa-37579	237	30	xu	xu	PROPN
cjfa-37579	237	31	,	,	PUNCT
cjfa-37579	237	32	2001	2001	NUM
cjfa-37579	237	33	;	;	PUNCT
cjfa-37579	237	34	pastor	pastor	NOUN
cjfa-37579	237	35	&	&	CCONJ
cjfa-37579	237	36	veronesi	veronesi	PROPN
cjfa-37579	237	37	,	,	PUNCT
cjfa-37579	237	38	2006	2006	NUM
cjfa-37579	237	39	)	)	PUNCT
cjfa-37579	237	40	.	.	PUNCT
cjfa-37579	238	1	volatility	volatility	NOUN
cjfa-37579	238	2	models	model	NOUN
cjfa-37579	238	3	should	should	AUX
cjfa-37579	238	4	capture	capture	VERB
cjfa-37579	238	5	error	error	NOUN
cjfa-37579	238	6	term	term	NOUN
cjfa-37579	238	7	’s	’s	PART
cjfa-37579	238	8	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	238	9	and	and	CCONJ
cjfa-37579	238	10	stylised	stylise	VERB
cjfa-37579	238	11	fact	fact	NOUN
cjfa-37579	238	12	in	in	ADP
cjfa-37579	238	13	stock	stock	NOUN
cjfa-37579	238	14	returns	return	NOUN
cjfa-37579	238	15	(	(	PUNCT
cjfa-37579	238	16	engle	engle	NOUN
cjfa-37579	238	17	,	,	PUNCT
cjfa-37579	238	18	1982	1982	NUM
cjfa-37579	238	19	)	)	PUNCT
cjfa-37579	238	20	.	.	PUNCT
cjfa-37579	239	1	the	the	DET
cjfa-37579	239	2	general	general	ADJ
cjfa-37579	239	3	form	form	NOUN
cjfa-37579	239	4	of	of	ADP
cjfa-37579	239	5	the	the	DET
cjfa-37579	239	6	conditional	conditional	ADJ
cjfa-37579	239	7	variance	variance	NOUN
cjfa-37579	239	8	equation	equation	NOUN
cjfa-37579	239	9	incorporates	incorporate	VERB
cjfa-37579	239	10	the	the	DET
cjfa-37579	239	11	arch	arch	ADJ
cjfa-37579	239	12	processes	process	NOUN
cjfa-37579	239	13	with	with	ADP
cjfa-37579	239	14	(	(	PUNCT
cjfa-37579	239	15	p	p	NOUN
cjfa-37579	239	16	)	)	PUNCT
cjfa-37579	239	17	lagged	lag	VERB
cjfa-37579	239	18	as	as	SCONJ
cjfa-37579	239	19	follows	follow	VERB
cjfa-37579	239	20	:	:	PUNCT
cjfa-37579	239	21	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	239	22	�	�	PROPN
cjfa-37579	239	23	�	�	PROPN
cjfa-37579	239	24	=	=	PUNCT
cjfa-37579	239	25	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	239	26	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	PROPN
cjfa-37579	239	27	�	�	PROPN
cjfa-37579	239	28	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	239	29	�	�	PROPN
cjfa-37579	239	30	�	�	PROPN
cjfa-37579	239	31	�	�	PROPN
cjfa-37579	239	32	�	�	PROPN
cjfa-37579	239	33	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	239	34	…	…	NUM
cjfa-37579	239	35	…	…	PUNCT
cjfa-37579	239	36	…	…	PUNCT
cjfa-37579	239	37	…	…	SYM
cjfa-37579	239	38	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	ADJ
cjfa-37579	239	39	�	�	PROPN
cjfa-37579	239	40	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	239	41	�	�	PROPN
cjfa-37579	239	42	�	�	PROPN
cjfa-37579	239	43	�	�	PROPN
cjfa-37579	239	44	�	�	PROPN
cjfa-37579	239	45	(	(	PUNCT
cjfa-37579	239	46	3	3	NUM
cjfa-37579	239	47	)	)	PUNCT
cjfa-37579	239	48	equation	equation	NOUN
cjfa-37579	239	49	3	3	NUM
cjfa-37579	239	50	,	,	PUNCT
cjfa-37579	239	51	arch	arch	ADJ
cjfa-37579	239	52	(	(	PUNCT
cjfa-37579	239	53	1	1	X
cjfa-37579	239	54	)	)	PUNCT
cjfa-37579	239	55	model	model	NOUN
cjfa-37579	239	56	shows	show	VERB
cjfa-37579	239	57	that	that	SCONJ
cjfa-37579	239	58	next	next	ADJ
cjfa-37579	239	59	period	period	NOUN
cjfa-37579	239	60	’s	’s	PART
cjfa-37579	239	61	variance	variance	NOUN
cjfa-37579	239	62	of	of	ADP
cjfa-37579	239	63	return	return	NOUN
cjfa-37579	239	64	which	which	PRON
cjfa-37579	239	65	was	be	AUX
cjfa-37579	239	66	the	the	DET
cjfa-37579	239	67	residuals	residual	NOUN
cjfa-37579	239	68	of	of	ADP
cjfa-37579	239	69	the	the	DET
cjfa-37579	239	70	mean	mean	ADJ
cjfa-37579	239	71	equation	equation	NOUN
cjfa-37579	239	72	(	(	PUNCT
cjfa-37579	239	73	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	239	74	�	�	PROPN
cjfa-37579	239	75	�	�	PROPN
cjfa-37579	239	76	)	)	PUNCT
cjfa-37579	239	77	,	,	PUNCT
cjfa-37579	239	78	depends	depend	VERB
cjfa-37579	239	79	on	on	ADP
cjfa-37579	239	80	squared	square	VERB
cjfa-37579	239	81	residuals	residual	NOUN
cjfa-37579	239	82	of	of	ADP
cjfa-37579	239	83	the	the	DET
cjfa-37579	239	84	past	past	ADJ
cjfa-37579	239	85	period	period	NOUN
cjfa-37579	239	86	from	from	ADP
cjfa-37579	239	87	period	period	NOUN
cjfa-37579	239	88	1	1	NUM
cjfa-37579	239	89	till	till	SCONJ
cjfa-37579	239	90	p	p	ADJ
cjfa-37579	239	91	period	period	NOUN
cjfa-37579	239	92	(	(	PUNCT
cjfa-37579	239	93	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	239	94	�	�	PROPN
cjfa-37579	239	95	�	�	PROPN
cjfa-37579	239	96	�	�	PROPN
cjfa-37579	239	97	�	�	PROPN
cjfa-37579	239	98	)	)	PUNCT
cjfa-37579	239	99	known	know	VERB
cjfa-37579	239	100	as	as	ADP
cjfa-37579	239	101	the	the	DET
cjfa-37579	239	102	arch	arch	ADJ
cjfa-37579	239	103	term	term	NOUN
cjfa-37579	239	104	,	,	PUNCT
cjfa-37579	239	105	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	239	106	�	�	PROPN
cjfa-37579	239	107	is	be	AUX
cjfa-37579	239	108	the	the	DET
cjfa-37579	239	109	parameter	parameter	NOUN
cjfa-37579	239	110	of	of	ADP
cjfa-37579	239	111	the	the	DET
cjfa-37579	239	112	arch	arch	ADJ
cjfa-37579	239	113	term	term	NOUN
cjfa-37579	239	114	and	and	CCONJ
cjfa-37579	239	115	𝜔𝜔𝜔is	𝜔𝜔𝜔is	VERB
cjfa-37579	239	116	the	the	DET
cjfa-37579	239	117	constant	constant	NOUN
cjfa-37579	239	118	.	.	PUNCT
cjfa-37579	240	1	an	an	DET
cjfa-37579	240	2	extension	extension	NOUN
cjfa-37579	240	3	is	be	AUX
cjfa-37579	240	4	the	the	DET
cjfa-37579	240	5	generalised	generalise	VERB
cjfa-37579	240	6	arch	arch	NOUN
cjfa-37579	240	7	or	or	CCONJ
cjfa-37579	240	8	garch	garch	NOUN
cjfa-37579	240	9	model	model	NOUN
cjfa-37579	240	10	which	which	PRON
cjfa-37579	240	11	adds	add	VERB
cjfa-37579	240	12	the	the	DET
cjfa-37579	240	13	lags	lag	NOUN
cjfa-37579	240	14	of	of	ADP
cjfa-37579	240	15	the	the	DET
cjfa-37579	240	16	variance	variance	NOUN
cjfa-37579	240	17	,	,	PUNCT
cjfa-37579	240	18	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	240	19	�	�	PROPN
cjfa-37579	240	20	�	�	PROPN
cjfa-37579	240	21	�	�	PROPN
cjfa-37579	240	22	�	�	PROPN
cjfa-37579	240	23	to	to	ADP
cjfa-37579	240	24	the	the	DET
cjfa-37579	240	25	standard	standard	ADJ
cjfa-37579	240	26	arch	arch	NOUN
cjfa-37579	240	27	.	.	PUNCT
cjfa-37579	241	1	garch	garch	NOUN
cjfa-37579	241	2	model	model	NOUN
cjfa-37579	241	3	has	have	VERB
cjfa-37579	241	4	one	one	NUM
cjfa-37579	241	5	lag	lag	NOUN
cjfa-37579	241	6	of	of	ADP
cjfa-37579	241	7	the	the	DET
cjfa-37579	241	8	regression	regression	NOUN
cjfa-37579	241	9	model	model	NOUN
cjfa-37579	241	10	’s	’s	PART
cjfa-37579	241	11	squared	square	VERB
cjfa-37579	241	12	residual	residual	ADJ
cjfa-37579	241	13	(	(	PUNCT
cjfa-37579	241	14	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	241	15	�	�	PROPN
cjfa-37579	241	16	�	�	PROPN
cjfa-37579	241	17	�	�	PROPN
cjfa-37579	241	18	�	�	PROPN
cjfa-37579	241	19	)	)	PUNCT
cjfa-37579	241	20	known	know	VERB
cjfa-37579	241	21	as	as	ADP
cjfa-37579	241	22	the	the	DET
cjfa-37579	241	23	arch	arch	ADJ
cjfa-37579	241	24	term	term	NOUN
cjfa-37579	241	25	and	and	CCONJ
cjfa-37579	241	26	one	one	NUM
cjfa-37579	241	27	lag	lag	NOUN
cjfa-37579	241	28	of	of	ADP
cjfa-37579	241	29	the	the	DET
cjfa-37579	241	30	variance	variance	NOUN
cjfa-37579	241	31	itself	itself	PRON
cjfa-37579	241	32	(	(	PUNCT
cjfa-37579	241	33	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	241	34	�	�	PROPN
cjfa-37579	241	35	�	�	PROPN
cjfa-37579	241	36	�	�	PROPN
cjfa-37579	241	37	�	�	PROPN
cjfa-37579	241	38	)	)	PUNCT
cjfa-37579	241	39	known	know	VERB
cjfa-37579	241	40	as	as	ADP
cjfa-37579	241	41	the	the	DET
cjfa-37579	241	42	garch	garch	NOUN
cjfa-37579	241	43	term	term	NOUN
cjfa-37579	241	44	(	(	PUNCT
cjfa-37579	241	45	bollerslev	bollerslev	ADJ
cjfa-37579	241	46	,	,	PUNCT
cjfa-37579	241	47	1986	1986	NUM
cjfa-37579	241	48	)	)	PUNCT
cjfa-37579	241	49	.	.	PUNCT
cjfa-37579	242	1	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	242	2	�	�	PROPN
cjfa-37579	242	3	�	�	PROPN
cjfa-37579	242	4	=	=	PUNCT
cjfa-37579	242	5	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	242	6	𝜔𝜔∑	𝜔𝜔∑	PROPN
cjfa-37579	242	7	𝜔𝜔𝜀𝜀	𝜔𝜔𝜀𝜀	PROPN
cjfa-37579	242	8	�	�	PROPN
cjfa-37579	242	9	�	�	PROPN
cjfa-37579	242	10	�	�	PROPN
cjfa-37579	242	11	�	�	PROPN
cjfa-37579	242	12	�	�	PROPN
cjfa-37579	242	13	�	�	PROPN
cjfa-37579	242	14	�	�	PROPN
cjfa-37579	242	15	�	�	PROPN
cjfa-37579	242	16	𝜔	𝜔	NOUN
cjfa-37579	242	17	∑	∑	PROPN
cjfa-37579	242	18	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	242	19	�	�	PROPN
cjfa-37579	242	20	�	�	PROPN
cjfa-37579	242	21	�	�	PROPN
cjfa-37579	242	22	�	�	PROPN
cjfa-37579	242	23	�	�	PROPN
cjfa-37579	242	24	�	�	PROPN
cjfa-37579	242	25	�	�	PROPN
cjfa-37579	242	26	�	�	PROPN
cjfa-37579	242	27	(	(	PUNCT
cjfa-37579	242	28	4	4	NUM
cjfa-37579	242	29	)	)	PUNCT
cjfa-37579	242	30	equation	equation	NOUN
cjfa-37579	242	31	4	4	NUM
cjfa-37579	242	32	is	be	AUX
cjfa-37579	242	33	the	the	DET
cjfa-37579	242	34	garch	garch	NOUN
cjfa-37579	242	35	model	model	NOUN
cjfa-37579	242	36	developed	develop	VERB
cjfa-37579	242	37	by	by	ADP
cjfa-37579	242	38	bollerslev	bollerslev	ADJ
cjfa-37579	242	39	(	(	PUNCT
cjfa-37579	242	40	1986	1986	NUM
cjfa-37579	242	41	)	)	PUNCT
cjfa-37579	242	42	.	.	PUNCT
cjfa-37579	243	1	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	243	2	,	,	PUNCT
cjfa-37579	243	3	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	243	4	>	>	X
cjfa-37579	243	5	0	0	PUNCT
cjfa-37579	243	6	and	and	CCONJ
cjfa-37579	243	7	(	(	PUNCT
cjfa-37579	243	8	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	243	9	+	+	X
cjfa-37579	243	10	𝛽𝛽	𝛽𝛽	X
cjfa-37579	243	11	)	)	PUNCT
cjfa-37579	243	12	<	<	X
cjfa-37579	243	13	1	1	NUM
cjfa-37579	243	14	to	to	PART
cjfa-37579	243	15	avoid	avoid	VERB
cjfa-37579	243	16	negative	negative	ADJ
cjfa-37579	243	17	conditional	conditional	ADJ
cjfa-37579	243	18	variance	variance	NOUN
cjfa-37579	243	19	and	and	CCONJ
cjfa-37579	243	20	it	it	PRON
cjfa-37579	243	21	indicates	indicate	VERB
cjfa-37579	243	22	that	that	SCONJ
cjfa-37579	243	23	present	present	ADJ
cjfa-37579	243	24	period	period	NOUN
cjfa-37579	243	25	’s	’s	PART
cjfa-37579	243	26	return	return	NOUN
cjfa-37579	243	27	variance	variance	NOUN
cjfa-37579	243	28	known	know	VERB
cjfa-37579	243	29	as	as	ADP
cjfa-37579	243	30	the	the	DET
cjfa-37579	243	31	arch	arch	ADJ
cjfa-37579	243	32	term	term	NOUN
cjfa-37579	243	33	and	and	CCONJ
cjfa-37579	243	34	one	one	NUM
cjfa-37579	243	35	lag	lag	NOUN
cjfa-37579	243	36	of	of	ADP
cjfa-37579	243	37	the	the	DET
cjfa-37579	243	38	variance	variance	NOUN
cjfa-37579	243	39	itself	itself	PRON
cjfa-37579	243	40	the	the	DET
cjfa-37579	243	41	sectoral	sectoral	ADJ
cjfa-37579	243	42	index	index	NOUN
cjfa-37579	243	43	,	,	PUNCT
cjfa-37579	243	44	as	as	SCONJ
cjfa-37579	243	45	shown	show	VERB
cjfa-37579	243	46	in	in	ADP
cjfa-37579	243	47	figure	figure	NOUN
cjfa-37579	243	48	1	1	NUM
cjfa-37579	243	49	,	,	PUNCT
cjfa-37579	243	50	indicates	indicate	VERB
cjfa-37579	243	51	that	that	SCONJ
cjfa-37579	243	52	the	the	DET
cjfa-37579	243	53	sectors	sector	NOUN
cjfa-37579	243	54	respond	respond	VERB
cjfa-37579	243	55	similarly	similarly	ADV
cjfa-37579	243	56	during	during	ADP
cjfa-37579	243	57	the	the	DET
cjfa-37579	243	58	early	early	ADJ
cjfa-37579	243	59	months	month	NOUN
cjfa-37579	243	60	of	of	ADP
cjfa-37579	243	61	the	the	DET
cjfa-37579	243	62	year	year	NOUN
cjfa-37579	243	63	and	and	CCONJ
cjfa-37579	243	64	at	at	ADP
cjfa-37579	243	65	the	the	DET
cjfa-37579	243	66	inception	inception	NOUN
cjfa-37579	243	67	of	of	ADP
cjfa-37579	243	68	covid-19	covid-19	PROPN
cjfa-37579	243	69	cases	case	NOUN
cjfa-37579	243	70	in	in	ADP
cjfa-37579	243	71	nigeria	nigeria	PRON
cjfa-37579	243	72	between	between	ADP
cjfa-37579	243	73	january	january	PROPN
cjfa-37579	243	74	(	(	PUNCT
cjfa-37579	243	75	m1	m1	NOUN
cjfa-37579	243	76	)	)	PUNCT
cjfa-37579	243	77	and	and	CCONJ
cjfa-37579	243	78	april	april	PROPN
cjfa-37579	243	79	(	(	PUNCT
cjfa-37579	243	80	m4	m4	PROPN
cjfa-37579	243	81	)	)	PUNCT
cjfa-37579	243	82	.	.	PUNCT
cjfa-37579	244	1	the	the	DET
cjfa-37579	244	2	sectorial	sectorial	ADJ
cjfa-37579	244	3	indexes	index	NOUN
cjfa-37579	244	4	were	be	AUX
cjfa-37579	244	5	increasing	increase	VERB
cjfa-37579	244	6	in	in	ADP
cjfa-37579	244	7	january	january	PROPN
cjfa-37579	244	8	(	(	PUNCT
cjfa-37579	244	9	m1	m1	PROPN
cjfa-37579	244	10	)	)	PUNCT
cjfa-37579	244	11	but	but	CCONJ
cjfa-37579	244	12	experienced	experience	VERB
cjfa-37579	244	13	a	a	DET
cjfa-37579	244	14	decline	decline	NOUN
cjfa-37579	244	15	afterwards	afterwards	ADV
cjfa-37579	244	16	till	till	SCONJ
cjfa-37579	244	17	around	around	ADP
cjfa-37579	244	18	march	march	PROPN
cjfa-37579	244	19	(	(	PUNCT
cjfa-37579	244	20	m3	m3	PROPN
cjfa-37579	244	21	)	)	PUNCT
cjfa-37579	244	22	and	and	CCONJ
cjfa-37579	244	23	april	april	PROPN
cjfa-37579	244	24	(	(	PUNCT
cjfa-37579	244	25	m4	m4	PROPN
cjfa-37579	244	26	)	)	PUNCT
cjfa-37579	244	27	.	.	PUNCT
cjfa-37579	245	1	this	this	PRON
cjfa-37579	245	2	was	be	AUX
cjfa-37579	245	3	the	the	DET
cjfa-37579	245	4	period	period	NOUN
cjfa-37579	245	5	when	when	SCONJ
cjfa-37579	245	6	covid19	covid19	NOUN
cjfa-37579	245	7	was	be	AUX
cjfa-37579	245	8	first	first	ADV
cjfa-37579	245	9	reported	report	VERB
cjfa-37579	245	10	and	and	CCONJ
cjfa-37579	245	11	various	various	ADJ
cjfa-37579	245	12	forms	form	NOUN
cjfa-37579	245	13	of	of	ADP
cjfa-37579	245	14	lockdown	lockdown	NOUN
cjfa-37579	245	15	were	be	AUX
cjfa-37579	245	16	also	also	ADV
cjfa-37579	245	17	announced	announce	VERB
cjfa-37579	245	18	in	in	ADP
cjfa-37579	245	19	nigeria	nigeria	PROPN
cjfa-37579	245	20	.	.	PUNCT
cjfa-37579	246	1	during	during	ADP
cjfa-37579	246	2	this	this	DET
cjfa-37579	246	3	period	period	NOUN
cjfa-37579	246	4	of	of	ADP
cjfa-37579	246	5	lockdowns	lockdown	NOUN
cjfa-37579	246	6	and	and	CCONJ
cjfa-37579	246	7	decline	decline	NOUN
cjfa-37579	246	8	,	,	PUNCT
cjfa-37579	246	9	various	various	ADJ
cjfa-37579	246	10	policy	policy	NOUN
cjfa-37579	246	11	responses	response	NOUN
cjfa-37579	246	12	by	by	ADP
cjfa-37579	246	13	different	different	ADJ
cjfa-37579	246	14	economic	economic	ADJ
cjfa-37579	246	15	agencies	agency	NOUN
cjfa-37579	246	16	were	be	AUX
cjfa-37579	246	17	announced	announce	VERB
cjfa-37579	246	18	and	and	CCONJ
cjfa-37579	246	19	implemented	implement	VERB
cjfa-37579	246	20	to	to	PART
cjfa-37579	246	21	cushion	cushion	VERB
cjfa-37579	246	22	the	the	DET
cjfa-37579	246	23	negative	negative	ADJ
cjfa-37579	246	24	effect	effect	NOUN
cjfa-37579	246	25	of	of	ADP
cjfa-37579	246	26	the	the	DET
cjfa-37579	246	27	pandemic	pandemic	NOUN
cjfa-37579	246	28	in	in	ADP
cjfa-37579	246	29	the	the	DET
cjfa-37579	246	30	country	country	NOUN
cjfa-37579	246	31	.	.	PUNCT
cjfa-37579	247	1	nseins	nsein	NOUN
cjfa-37579	247	2	started	start	VERB
cjfa-37579	247	3	to	to	PART
cjfa-37579	247	4	recover	recover	VERB
cjfa-37579	247	5	as	as	ADV
cjfa-37579	247	6	early	early	ADV
cjfa-37579	247	7	as	as	ADP
cjfa-37579	247	8	march	march	PROPN
cjfa-37579	247	9	(	(	PUNCT
cjfa-37579	247	10	m3	m3	PROPN
cjfa-37579	247	11	)	)	PUNCT
cjfa-37579	247	12	while	while	SCONJ
cjfa-37579	247	13	other	other	ADJ
cjfa-37579	247	14	sectors	sector	NOUN
cjfa-37579	247	15	started	start	VERB
cjfa-37579	247	16	recovering	recover	VERB
cjfa-37579	247	17	toward	toward	ADP
cjfa-37579	247	18	april	april	PROPN
cjfa-37579	247	19	(	(	PUNCT
cjfa-37579	247	20	m4	m4	PROPN
cjfa-37579	247	21	)	)	PUNCT
cjfa-37579	247	22	,	,	PUNCT
cjfa-37579	247	23	afterwards	afterwards	ADV
cjfa-37579	247	24	the	the	DET
cjfa-37579	247	25	policy	policy	NOUN
cjfa-37579	247	26	responses	response	NOUN
cjfa-37579	247	27	,	,	PUNCT
cjfa-37579	247	28	except	except	SCONJ
cjfa-37579	247	29	for	for	ADP
cjfa-37579	247	30	nseoil	nseoil	NOUN
cjfa-37579	247	31	that	that	PRON
cjfa-37579	247	32	indicates	indicate	VERB
cjfa-37579	247	33	a	a	DET
cjfa-37579	247	34	second	second	ADJ
cjfa-37579	247	35	decline	decline	NOUN
cjfa-37579	247	36	around	around	ADP
cjfa-37579	247	37	may	may	PROPN
cjfa-37579	247	38	(	(	PUNCT
cjfa-37579	247	39	m5	m5	PROPN
cjfa-37579	247	40	)	)	PUNCT
cjfa-37579	247	41	towards	towards	ADP
cjfa-37579	247	42	june	june	PROPN
cjfa-37579	247	43	(	(	PUNCT
cjfa-37579	247	44	m6	m6	PROPN
cjfa-37579	247	45	)	)	PUNCT
cjfa-37579	247	46	.	.	PUNCT
cjfa-37579	248	1	the	the	DET
cjfa-37579	248	2	indexes	index	NOUN
cjfa-37579	248	3	indicate	indicate	VERB
cjfa-37579	248	4	different	different	ADJ
cjfa-37579	248	5	magnitude	magnitude	NOUN
cjfa-37579	248	6	because	because	SCONJ
cjfa-37579	248	7	the	the	DET
cjfa-37579	248	8	index	index	NOUN
cjfa-37579	248	9	value	value	NOUN
cjfa-37579	248	10	of	of	ADP
cjfa-37579	248	11	the	the	DET
cjfa-37579	248	12	sectors	sector	NOUN
cjfa-37579	248	13	varies	vary	VERB
cjfa-37579	248	14	,	,	PUNCT
cjfa-37579	248	15	the	the	DET
cjfa-37579	248	16	nsepre	nsepre	NOUN
cjfa-37579	248	17	has	have	VERB
cjfa-37579	248	18	the	the	DET
cjfa-37579	248	19	highest	high	ADJ
cjfa-37579	248	20	index	index	NOUN
cjfa-37579	248	21	followed	follow	VERB
cjfa-37579	248	22	by	by	ADP
cjfa-37579	248	23	nseisl	nseisl	NOUN
cjfa-37579	248	24	while	while	SCONJ
cjfa-37579	248	25	the	the	DET
cjfa-37579	248	26	lowest	low	ADJ
cjfa-37579	248	27	index	index	NOUN
cjfa-37579	248	28	is	be	AUX
cjfa-37579	248	29	shown	show	VERB
cjfa-37579	248	30	by	by	ADP
cjfa-37579	248	31	nseins	nsein	NOUN
cjfa-37579	248	32	.	.	PUNCT
cjfa-37579	249	1	theoretical	theoretical	ADJ
cjfa-37579	249	2	framework	framework	NOUN
cjfa-37579	249	3	stock	stock	NOUN
cjfa-37579	249	4	returns	return	NOUN
cjfa-37579	249	5	exhibit	exhibit	VERB
cjfa-37579	249	6	stochastic	stochastic	ADJ
cjfa-37579	249	7	volatility	volatility	NOUN
cjfa-37579	249	8	and	and	CCONJ
cjfa-37579	249	9	jumps	jump	VERB
cjfa-37579	249	10	(	(	PUNCT
cjfa-37579	249	11	nageri	nageri	ADJ
cjfa-37579	249	12	,	,	PUNCT
cjfa-37579	249	13	2019b	2019b	NUM
cjfa-37579	249	14	)	)	PUNCT
cjfa-37579	249	15	indicating	indicate	VERB
cjfa-37579	249	16	the	the	DET
cjfa-37579	249	17	risk	risk	NOUN
cjfa-37579	249	18	associated	associate	VERB
cjfa-37579	249	19	with	with	ADP
cjfa-37579	249	20	deviation	deviation	NOUN
cjfa-37579	249	21	in	in	ADP
cjfa-37579	249	22	returns	return	NOUN
cjfa-37579	249	23	(	(	PUNCT
cjfa-37579	249	24	campbell	campbell	PROPN
cjfa-37579	249	25	,	,	PUNCT
cjfa-37579	249	26	lettau	lettau	PROPN
cjfa-37579	249	27	,	,	PUNCT
cjfa-37579	249	28	malkiel	malkiel	PROPN
cjfa-37579	249	29	&	&	CCONJ
cjfa-37579	249	30	xu	xu	PROPN
cjfa-37579	249	31	,	,	PUNCT
cjfa-37579	249	32	2001	2001	NUM
cjfa-37579	249	33	;	;	PUNCT
cjfa-37579	249	34	pastor	pastor	NOUN
cjfa-37579	249	35	&	&	CCONJ
cjfa-37579	249	36	veronesi	veronesi	PROPN
cjfa-37579	249	37	,	,	PUNCT
cjfa-37579	249	38	2006	2006	NUM
cjfa-37579	249	39	)	)	PUNCT
cjfa-37579	249	40	.	.	PUNCT
cjfa-37579	250	1	volatility	volatility	NOUN
cjfa-37579	250	2	models	model	NOUN
cjfa-37579	250	3	should	should	AUX
cjfa-37579	250	4	capture	capture	VERB
cjfa-37579	250	5	error	error	NOUN
cjfa-37579	250	6	term	term	NOUN
cjfa-37579	250	7	’s	’s	PART
cjfa-37579	250	8	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	250	9	and	and	CCONJ
cjfa-37579	250	10	stylised	stylise	VERB
cjfa-37579	250	11	fact	fact	NOUN
cjfa-37579	250	12	in	in	ADP
cjfa-37579	250	13	stock	stock	NOUN
cjfa-37579	250	14	returns	return	NOUN
cjfa-37579	250	15	(	(	PUNCT
cjfa-37579	250	16	engle	engle	NOUN
cjfa-37579	250	17	,	,	PUNCT
cjfa-37579	250	18	1982	1982	NUM
cjfa-37579	250	19	)	)	PUNCT
cjfa-37579	250	20	.	.	PUNCT
cjfa-37579	251	1	the	the	DET
cjfa-37579	251	2	general	general	ADJ
cjfa-37579	251	3	form	form	NOUN
cjfa-37579	251	4	of	of	ADP
cjfa-37579	251	5	the	the	DET
cjfa-37579	251	6	conditional	conditional	ADJ
cjfa-37579	251	7	variance	variance	NOUN
cjfa-37579	251	8	equation	equation	NOUN
cjfa-37579	251	9	incorporates	incorporate	VERB
cjfa-37579	251	10	the	the	DET
cjfa-37579	251	11	arch	arch	ADJ
cjfa-37579	251	12	processes	process	NOUN
cjfa-37579	251	13	with	with	ADP
cjfa-37579	251	14	(	(	PUNCT
cjfa-37579	251	15	p	p	NOUN
cjfa-37579	251	16	)	)	PUNCT
cjfa-37579	251	17	lagged	lag	VERB
cjfa-37579	251	18	as	as	SCONJ
cjfa-37579	251	19	follows	follow	VERB
cjfa-37579	251	20	:	:	PUNCT
cjfa-37579	251	21	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	251	22	�	�	PROPN
cjfa-37579	251	23	�	�	PROPN
cjfa-37579	251	24	=	=	PUNCT
cjfa-37579	251	25	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	251	26	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	PROPN
cjfa-37579	251	27	�	�	PROPN
cjfa-37579	251	28	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	251	29	�	�	PROPN
cjfa-37579	251	30	�	�	PROPN
cjfa-37579	251	31	�	�	PROPN
cjfa-37579	251	32	�	�	PROPN
cjfa-37579	251	33	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	251	34	…	…	NUM
cjfa-37579	251	35	…	…	PUNCT
cjfa-37579	251	36	…	…	PUNCT
cjfa-37579	251	37	…	…	SYM
cjfa-37579	251	38	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	ADJ
cjfa-37579	251	39	�	�	PROPN
cjfa-37579	251	40	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	251	41	�	�	PROPN
cjfa-37579	251	42	�	�	PROPN
cjfa-37579	251	43	�	�	PROPN
cjfa-37579	251	44	�	�	PROPN
cjfa-37579	251	45	(	(	PUNCT
cjfa-37579	251	46	3	3	NUM
cjfa-37579	251	47	)	)	PUNCT
cjfa-37579	251	48	equation	equation	NOUN
cjfa-37579	251	49	3	3	NUM
cjfa-37579	251	50	,	,	PUNCT
cjfa-37579	251	51	arch	arch	ADJ
cjfa-37579	251	52	(	(	PUNCT
cjfa-37579	251	53	1	1	X
cjfa-37579	251	54	)	)	PUNCT
cjfa-37579	251	55	model	model	NOUN
cjfa-37579	251	56	shows	show	VERB
cjfa-37579	251	57	that	that	SCONJ
cjfa-37579	251	58	next	next	ADJ
cjfa-37579	251	59	period	period	NOUN
cjfa-37579	251	60	’s	’s	PART
cjfa-37579	251	61	variance	variance	NOUN
cjfa-37579	251	62	of	of	ADP
cjfa-37579	251	63	return	return	NOUN
cjfa-37579	251	64	which	which	PRON
cjfa-37579	251	65	was	be	AUX
cjfa-37579	251	66	the	the	DET
cjfa-37579	251	67	residuals	residual	NOUN
cjfa-37579	251	68	of	of	ADP
cjfa-37579	251	69	the	the	DET
cjfa-37579	251	70	mean	mean	ADJ
cjfa-37579	251	71	equation	equation	NOUN
cjfa-37579	251	72	(	(	PUNCT
cjfa-37579	251	73	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	251	74	�	�	PROPN
cjfa-37579	251	75	�	�	PROPN
cjfa-37579	251	76	)	)	PUNCT
cjfa-37579	251	77	,	,	PUNCT
cjfa-37579	251	78	depends	depend	VERB
cjfa-37579	251	79	on	on	ADP
cjfa-37579	251	80	squared	square	VERB
cjfa-37579	251	81	residuals	residual	NOUN
cjfa-37579	251	82	of	of	ADP
cjfa-37579	251	83	the	the	DET
cjfa-37579	251	84	past	past	ADJ
cjfa-37579	251	85	period	period	NOUN
cjfa-37579	251	86	from	from	ADP
cjfa-37579	251	87	period	period	NOUN
cjfa-37579	251	88	1	1	NUM
cjfa-37579	251	89	till	till	SCONJ
cjfa-37579	251	90	p	p	ADJ
cjfa-37579	251	91	period	period	NOUN
cjfa-37579	251	92	(	(	PUNCT
cjfa-37579	251	93	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	251	94	�	�	PROPN
cjfa-37579	251	95	�	�	PROPN
cjfa-37579	251	96	�	�	PROPN
cjfa-37579	251	97	�	�	PROPN
cjfa-37579	251	98	)	)	PUNCT
cjfa-37579	251	99	known	know	VERB
cjfa-37579	251	100	as	as	ADP
cjfa-37579	251	101	the	the	DET
cjfa-37579	251	102	arch	arch	ADJ
cjfa-37579	251	103	term	term	NOUN
cjfa-37579	251	104	,	,	PUNCT
cjfa-37579	251	105	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	251	106	�	�	PROPN
cjfa-37579	251	107	is	be	AUX
cjfa-37579	251	108	the	the	DET
cjfa-37579	251	109	parameter	parameter	NOUN
cjfa-37579	251	110	of	of	ADP
cjfa-37579	251	111	the	the	DET
cjfa-37579	251	112	arch	arch	ADJ
cjfa-37579	251	113	term	term	NOUN
cjfa-37579	251	114	and	and	CCONJ
cjfa-37579	251	115	𝜔𝜔𝜔is	𝜔𝜔𝜔is	VERB
cjfa-37579	251	116	the	the	DET
cjfa-37579	251	117	constant	constant	NOUN
cjfa-37579	251	118	.	.	PUNCT
cjfa-37579	252	1	an	an	DET
cjfa-37579	252	2	extension	extension	NOUN
cjfa-37579	252	3	is	be	AUX
cjfa-37579	252	4	the	the	DET
cjfa-37579	252	5	generalised	generalise	VERB
cjfa-37579	252	6	arch	arch	NOUN
cjfa-37579	252	7	or	or	CCONJ
cjfa-37579	252	8	garch	garch	NOUN
cjfa-37579	252	9	model	model	NOUN
cjfa-37579	252	10	which	which	PRON
cjfa-37579	252	11	adds	add	VERB
cjfa-37579	252	12	the	the	DET
cjfa-37579	252	13	lags	lag	NOUN
cjfa-37579	252	14	of	of	ADP
cjfa-37579	252	15	the	the	DET
cjfa-37579	252	16	variance	variance	NOUN
cjfa-37579	252	17	,	,	PUNCT
cjfa-37579	252	18	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	252	19	�	�	PROPN
cjfa-37579	252	20	�	�	PROPN
cjfa-37579	252	21	�	�	PROPN
cjfa-37579	252	22	�	�	PROPN
cjfa-37579	252	23	to	to	ADP
cjfa-37579	252	24	the	the	DET
cjfa-37579	252	25	standard	standard	ADJ
cjfa-37579	252	26	arch	arch	NOUN
cjfa-37579	252	27	.	.	PUNCT
cjfa-37579	253	1	garch	garch	NOUN
cjfa-37579	253	2	model	model	NOUN
cjfa-37579	253	3	has	have	VERB
cjfa-37579	253	4	one	one	NUM
cjfa-37579	253	5	lag	lag	NOUN
cjfa-37579	253	6	of	of	ADP
cjfa-37579	253	7	the	the	DET
cjfa-37579	253	8	regression	regression	NOUN
cjfa-37579	253	9	model	model	NOUN
cjfa-37579	253	10	’s	’s	PART
cjfa-37579	253	11	squared	square	VERB
cjfa-37579	253	12	residual	residual	ADJ
cjfa-37579	253	13	(	(	PUNCT
cjfa-37579	253	14	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	253	15	�	�	PROPN
cjfa-37579	253	16	�	�	PROPN
cjfa-37579	253	17	�	�	PROPN
cjfa-37579	253	18	�	�	PROPN
cjfa-37579	253	19	)	)	PUNCT
cjfa-37579	253	20	known	know	VERB
cjfa-37579	253	21	as	as	ADP
cjfa-37579	253	22	the	the	DET
cjfa-37579	253	23	arch	arch	ADJ
cjfa-37579	253	24	term	term	NOUN
cjfa-37579	253	25	and	and	CCONJ
cjfa-37579	253	26	one	one	NUM
cjfa-37579	253	27	lag	lag	NOUN
cjfa-37579	253	28	of	of	ADP
cjfa-37579	253	29	the	the	DET
cjfa-37579	253	30	variance	variance	NOUN
cjfa-37579	253	31	itself	itself	PRON
cjfa-37579	253	32	(	(	PUNCT
cjfa-37579	253	33	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	253	34	�	�	PROPN
cjfa-37579	253	35	�	�	PROPN
cjfa-37579	253	36	�	�	PROPN
cjfa-37579	253	37	�	�	PROPN
cjfa-37579	253	38	)	)	PUNCT
cjfa-37579	253	39	known	know	VERB
cjfa-37579	253	40	as	as	ADP
cjfa-37579	253	41	the	the	DET
cjfa-37579	253	42	garch	garch	NOUN
cjfa-37579	253	43	term	term	NOUN
cjfa-37579	253	44	(	(	PUNCT
cjfa-37579	253	45	bollerslev	bollerslev	ADJ
cjfa-37579	253	46	,	,	PUNCT
cjfa-37579	253	47	1986	1986	NUM
cjfa-37579	253	48	)	)	PUNCT
cjfa-37579	253	49	.	.	PUNCT
cjfa-37579	254	1	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	254	2	�	�	PROPN
cjfa-37579	254	3	�	�	PROPN
cjfa-37579	254	4	=	=	PUNCT
cjfa-37579	254	5	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	254	6	𝜔𝜔∑	𝜔𝜔∑	PROPN
cjfa-37579	254	7	𝜔𝜔𝜀𝜀	𝜔𝜔𝜀𝜀	PROPN
cjfa-37579	254	8	�	�	PROPN
cjfa-37579	254	9	�	�	PROPN
cjfa-37579	254	10	�	�	PROPN
cjfa-37579	254	11	�	�	PROPN
cjfa-37579	254	12	�	�	PROPN
cjfa-37579	254	13	�	�	PROPN
cjfa-37579	254	14	�	�	PROPN
cjfa-37579	254	15	�	�	PROPN
cjfa-37579	254	16	𝜔	𝜔	NOUN
cjfa-37579	254	17	∑	∑	PROPN
cjfa-37579	254	18	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	254	19	�	�	PROPN
cjfa-37579	254	20	�	�	PROPN
cjfa-37579	254	21	�	�	PROPN
cjfa-37579	254	22	�	�	PROPN
cjfa-37579	254	23	�	�	PROPN
cjfa-37579	254	24	�	�	PROPN
cjfa-37579	254	25	�	�	PROPN
cjfa-37579	254	26	�	�	PROPN
cjfa-37579	254	27	(	(	PUNCT
cjfa-37579	254	28	4	4	NUM
cjfa-37579	254	29	)	)	PUNCT
cjfa-37579	254	30	equation	equation	NOUN
cjfa-37579	254	31	4	4	NUM
cjfa-37579	254	32	is	be	AUX
cjfa-37579	254	33	the	the	DET
cjfa-37579	254	34	garch	garch	NOUN
cjfa-37579	254	35	model	model	NOUN
cjfa-37579	254	36	developed	develop	VERB
cjfa-37579	254	37	by	by	ADP
cjfa-37579	254	38	bollerslev	bollerslev	ADJ
cjfa-37579	254	39	(	(	PUNCT
cjfa-37579	254	40	1986	1986	NUM
cjfa-37579	254	41	)	)	PUNCT
cjfa-37579	254	42	.	.	PUNCT
cjfa-37579	255	1	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	255	2	,	,	PUNCT
cjfa-37579	255	3	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	255	4	>	>	X
cjfa-37579	255	5	0	0	PUNCT
cjfa-37579	255	6	and	and	CCONJ
cjfa-37579	255	7	(	(	PUNCT
cjfa-37579	255	8	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	255	9	+	+	X
cjfa-37579	255	10	𝛽𝛽	𝛽𝛽	X
cjfa-37579	255	11	)	)	PUNCT
cjfa-37579	255	12	<	<	X
cjfa-37579	255	13	1	1	NUM
cjfa-37579	255	14	to	to	PART
cjfa-37579	255	15	avoid	avoid	VERB
cjfa-37579	255	16	negative	negative	ADJ
cjfa-37579	255	17	conditional	conditional	ADJ
cjfa-37579	255	18	variance	variance	NOUN
cjfa-37579	255	19	and	and	CCONJ
cjfa-37579	255	20	it	it	PRON
cjfa-37579	255	21	indicates	indicate	VERB
cjfa-37579	255	22	that	that	SCONJ
cjfa-37579	255	23	present	present	ADJ
cjfa-37579	255	24	period	period	NOUN
cjfa-37579	255	25	’s	’s	PART
cjfa-37579	255	26	return	return	NOUN
cjfa-37579	255	27	variance	variance	NOUN
cjfa-37579	255	28	known	know	VERB
cjfa-37579	255	29	as	as	ADP
cjfa-37579	255	30	the	the	DET
cjfa-37579	255	31	garch	garch	NOUN
cjfa-37579	255	32	term	term	NOUN
cjfa-37579	255	33	(	(	PUNCT
cjfa-37579	255	34	bollerslev	bollerslev	ADJ
cjfa-37579	255	35	,	,	PUNCT
cjfa-37579	255	36	1986	1986	NUM
cjfa-37579	255	37	)	)	PUNCT
cjfa-37579	255	38	.	.	PUNCT
cjfa-37579	256	1	risk	risk	NOUN
cjfa-37579	256	2	-	-	PUNCT
cjfa-37579	256	3	return	return	NOUN
cjfa-37579	256	4	relationship	relationship	NOUN
cjfa-37579	256	5	in	in	ADP
cjfa-37579	256	6	the	the	DET
cjfa-37579	256	7	nigerian	nigerian	ADJ
cjfa-37579	256	8	stock	stock	NOUN
cjfa-37579	256	9	market	market	NOUN
cjfa-37579	256	10	…	…	PUNCT
cjfa-37579	256	11	105	105	NUM
cjfa-37579	256	12	the	the	DET
cjfa-37579	256	13	sectoral	sectoral	ADJ
cjfa-37579	256	14	index	index	NOUN
cjfa-37579	256	15	,	,	PUNCT
cjfa-37579	256	16	as	as	SCONJ
cjfa-37579	256	17	shown	show	VERB
cjfa-37579	256	18	in	in	ADP
cjfa-37579	256	19	figure	figure	NOUN
cjfa-37579	256	20	1	1	NUM
cjfa-37579	256	21	,	,	PUNCT
cjfa-37579	256	22	indicates	indicate	VERB
cjfa-37579	256	23	that	that	SCONJ
cjfa-37579	256	24	the	the	DET
cjfa-37579	256	25	sectors	sector	NOUN
cjfa-37579	256	26	respond	respond	VERB
cjfa-37579	256	27	similarly	similarly	ADV
cjfa-37579	256	28	during	during	ADP
cjfa-37579	256	29	the	the	DET
cjfa-37579	256	30	early	early	ADJ
cjfa-37579	256	31	months	month	NOUN
cjfa-37579	256	32	of	of	ADP
cjfa-37579	256	33	the	the	DET
cjfa-37579	256	34	year	year	NOUN
cjfa-37579	256	35	and	and	CCONJ
cjfa-37579	256	36	at	at	ADP
cjfa-37579	256	37	the	the	DET
cjfa-37579	256	38	inception	inception	NOUN
cjfa-37579	256	39	of	of	ADP
cjfa-37579	256	40	covid-19	covid-19	PROPN
cjfa-37579	256	41	cases	case	NOUN
cjfa-37579	256	42	in	in	ADP
cjfa-37579	256	43	nigeria	nigeria	PRON
cjfa-37579	256	44	between	between	ADP
cjfa-37579	256	45	january	january	PROPN
cjfa-37579	256	46	(	(	PUNCT
cjfa-37579	256	47	m1	m1	NOUN
cjfa-37579	256	48	)	)	PUNCT
cjfa-37579	256	49	and	and	CCONJ
cjfa-37579	256	50	april	april	PROPN
cjfa-37579	256	51	(	(	PUNCT
cjfa-37579	256	52	m4	m4	PROPN
cjfa-37579	256	53	)	)	PUNCT
cjfa-37579	256	54	.	.	PUNCT
cjfa-37579	257	1	the	the	DET
cjfa-37579	257	2	sectorial	sectorial	ADJ
cjfa-37579	257	3	indexes	index	NOUN
cjfa-37579	257	4	were	be	AUX
cjfa-37579	257	5	increasing	increase	VERB
cjfa-37579	257	6	in	in	ADP
cjfa-37579	257	7	january	january	PROPN
cjfa-37579	257	8	(	(	PUNCT
cjfa-37579	257	9	m1	m1	PROPN
cjfa-37579	257	10	)	)	PUNCT
cjfa-37579	257	11	but	but	CCONJ
cjfa-37579	257	12	experienced	experience	VERB
cjfa-37579	257	13	a	a	DET
cjfa-37579	257	14	decline	decline	NOUN
cjfa-37579	257	15	afterwards	afterwards	ADV
cjfa-37579	257	16	till	till	SCONJ
cjfa-37579	257	17	around	around	ADP
cjfa-37579	257	18	march	march	PROPN
cjfa-37579	257	19	(	(	PUNCT
cjfa-37579	257	20	m3	m3	PROPN
cjfa-37579	257	21	)	)	PUNCT
cjfa-37579	257	22	and	and	CCONJ
cjfa-37579	257	23	april	april	PROPN
cjfa-37579	257	24	(	(	PUNCT
cjfa-37579	257	25	m4	m4	PROPN
cjfa-37579	257	26	)	)	PUNCT
cjfa-37579	257	27	.	.	PUNCT
cjfa-37579	258	1	this	this	PRON
cjfa-37579	258	2	was	be	AUX
cjfa-37579	258	3	the	the	DET
cjfa-37579	258	4	period	period	NOUN
cjfa-37579	258	5	when	when	SCONJ
cjfa-37579	258	6	covid19	covid19	NOUN
cjfa-37579	258	7	was	be	AUX
cjfa-37579	258	8	first	first	ADV
cjfa-37579	258	9	reported	report	VERB
cjfa-37579	258	10	and	and	CCONJ
cjfa-37579	258	11	various	various	ADJ
cjfa-37579	258	12	forms	form	NOUN
cjfa-37579	258	13	of	of	ADP
cjfa-37579	258	14	lockdown	lockdown	NOUN
cjfa-37579	258	15	were	be	AUX
cjfa-37579	258	16	also	also	ADV
cjfa-37579	258	17	announced	announce	VERB
cjfa-37579	258	18	in	in	ADP
cjfa-37579	258	19	nigeria	nigeria	PROPN
cjfa-37579	258	20	.	.	PUNCT
cjfa-37579	259	1	during	during	ADP
cjfa-37579	259	2	this	this	DET
cjfa-37579	259	3	period	period	NOUN
cjfa-37579	259	4	of	of	ADP
cjfa-37579	259	5	lockdowns	lockdown	NOUN
cjfa-37579	259	6	and	and	CCONJ
cjfa-37579	259	7	decline	decline	NOUN
cjfa-37579	259	8	,	,	PUNCT
cjfa-37579	259	9	various	various	ADJ
cjfa-37579	259	10	policy	policy	NOUN
cjfa-37579	259	11	responses	response	NOUN
cjfa-37579	259	12	by	by	ADP
cjfa-37579	259	13	different	different	ADJ
cjfa-37579	259	14	economic	economic	ADJ
cjfa-37579	259	15	agencies	agency	NOUN
cjfa-37579	259	16	were	be	AUX
cjfa-37579	259	17	announced	announce	VERB
cjfa-37579	259	18	and	and	CCONJ
cjfa-37579	259	19	implemented	implement	VERB
cjfa-37579	259	20	to	to	PART
cjfa-37579	259	21	cushion	cushion	VERB
cjfa-37579	259	22	the	the	DET
cjfa-37579	259	23	negative	negative	ADJ
cjfa-37579	259	24	effect	effect	NOUN
cjfa-37579	259	25	of	of	ADP
cjfa-37579	259	26	the	the	DET
cjfa-37579	259	27	pandemic	pandemic	NOUN
cjfa-37579	259	28	in	in	ADP
cjfa-37579	259	29	the	the	DET
cjfa-37579	259	30	country	country	NOUN
cjfa-37579	259	31	.	.	PUNCT
cjfa-37579	260	1	nseins	nsein	NOUN
cjfa-37579	260	2	started	start	VERB
cjfa-37579	260	3	to	to	PART
cjfa-37579	260	4	recover	recover	VERB
cjfa-37579	260	5	as	as	ADV
cjfa-37579	260	6	early	early	ADV
cjfa-37579	260	7	as	as	ADP
cjfa-37579	260	8	march	march	PROPN
cjfa-37579	260	9	(	(	PUNCT
cjfa-37579	260	10	m3	m3	PROPN
cjfa-37579	260	11	)	)	PUNCT
cjfa-37579	260	12	while	while	SCONJ
cjfa-37579	260	13	other	other	ADJ
cjfa-37579	260	14	sectors	sector	NOUN
cjfa-37579	260	15	started	start	VERB
cjfa-37579	260	16	recovering	recover	VERB
cjfa-37579	260	17	toward	toward	ADP
cjfa-37579	260	18	april	april	PROPN
cjfa-37579	260	19	(	(	PUNCT
cjfa-37579	260	20	m4	m4	PROPN
cjfa-37579	260	21	)	)	PUNCT
cjfa-37579	260	22	,	,	PUNCT
cjfa-37579	260	23	afterwards	afterwards	ADV
cjfa-37579	260	24	the	the	DET
cjfa-37579	260	25	policy	policy	NOUN
cjfa-37579	260	26	responses	response	NOUN
cjfa-37579	260	27	,	,	PUNCT
cjfa-37579	260	28	except	except	SCONJ
cjfa-37579	260	29	for	for	ADP
cjfa-37579	260	30	nseoil	nseoil	NOUN
cjfa-37579	260	31	that	that	PRON
cjfa-37579	260	32	indicates	indicate	VERB
cjfa-37579	260	33	a	a	DET
cjfa-37579	260	34	second	second	ADJ
cjfa-37579	260	35	decline	decline	NOUN
cjfa-37579	260	36	around	around	ADP
cjfa-37579	260	37	may	may	PROPN
cjfa-37579	260	38	(	(	PUNCT
cjfa-37579	260	39	m5	m5	PROPN
cjfa-37579	260	40	)	)	PUNCT
cjfa-37579	260	41	towards	towards	ADP
cjfa-37579	260	42	june	june	PROPN
cjfa-37579	260	43	(	(	PUNCT
cjfa-37579	260	44	m6	m6	PROPN
cjfa-37579	260	45	)	)	PUNCT
cjfa-37579	260	46	.	.	PUNCT
cjfa-37579	261	1	the	the	DET
cjfa-37579	261	2	indexes	index	NOUN
cjfa-37579	261	3	indicate	indicate	VERB
cjfa-37579	261	4	different	different	ADJ
cjfa-37579	261	5	magnitude	magnitude	NOUN
cjfa-37579	261	6	because	because	SCONJ
cjfa-37579	261	7	the	the	DET
cjfa-37579	261	8	index	index	NOUN
cjfa-37579	261	9	value	value	NOUN
cjfa-37579	261	10	of	of	ADP
cjfa-37579	261	11	the	the	DET
cjfa-37579	261	12	sectors	sector	NOUN
cjfa-37579	261	13	varies	vary	VERB
cjfa-37579	261	14	,	,	PUNCT
cjfa-37579	261	15	the	the	DET
cjfa-37579	261	16	nsepre	nsepre	NOUN
cjfa-37579	261	17	has	have	VERB
cjfa-37579	261	18	the	the	DET
cjfa-37579	261	19	highest	high	ADJ
cjfa-37579	261	20	index	index	NOUN
cjfa-37579	261	21	followed	follow	VERB
cjfa-37579	261	22	by	by	ADP
cjfa-37579	261	23	nseisl	nseisl	NOUN
cjfa-37579	261	24	while	while	SCONJ
cjfa-37579	261	25	the	the	DET
cjfa-37579	261	26	lowest	low	ADJ
cjfa-37579	261	27	index	index	NOUN
cjfa-37579	261	28	is	be	AUX
cjfa-37579	261	29	shown	show	VERB
cjfa-37579	261	30	by	by	ADP
cjfa-37579	261	31	nseins	nsein	NOUN
cjfa-37579	261	32	.	.	PUNCT
cjfa-37579	262	1	theoretical	theoretical	ADJ
cjfa-37579	262	2	framework	framework	NOUN
cjfa-37579	262	3	stock	stock	NOUN
cjfa-37579	262	4	returns	return	NOUN
cjfa-37579	262	5	exhibit	exhibit	VERB
cjfa-37579	262	6	stochastic	stochastic	ADJ
cjfa-37579	262	7	volatility	volatility	NOUN
cjfa-37579	262	8	and	and	CCONJ
cjfa-37579	262	9	jumps	jump	VERB
cjfa-37579	262	10	(	(	PUNCT
cjfa-37579	262	11	nageri	nageri	ADJ
cjfa-37579	262	12	,	,	PUNCT
cjfa-37579	262	13	2019b	2019b	NUM
cjfa-37579	262	14	)	)	PUNCT
cjfa-37579	262	15	indicating	indicate	VERB
cjfa-37579	262	16	the	the	DET
cjfa-37579	262	17	risk	risk	NOUN
cjfa-37579	262	18	associated	associate	VERB
cjfa-37579	262	19	with	with	ADP
cjfa-37579	262	20	deviation	deviation	NOUN
cjfa-37579	262	21	in	in	ADP
cjfa-37579	262	22	returns	return	NOUN
cjfa-37579	262	23	(	(	PUNCT
cjfa-37579	262	24	campbell	campbell	PROPN
cjfa-37579	262	25	,	,	PUNCT
cjfa-37579	262	26	lettau	lettau	PROPN
cjfa-37579	262	27	,	,	PUNCT
cjfa-37579	262	28	malkiel	malkiel	PROPN
cjfa-37579	262	29	&	&	CCONJ
cjfa-37579	262	30	xu	xu	PROPN
cjfa-37579	262	31	,	,	PUNCT
cjfa-37579	262	32	2001	2001	NUM
cjfa-37579	262	33	;	;	PUNCT
cjfa-37579	262	34	pastor	pastor	NOUN
cjfa-37579	262	35	&	&	CCONJ
cjfa-37579	262	36	veronesi	veronesi	PROPN
cjfa-37579	262	37	,	,	PUNCT
cjfa-37579	262	38	2006	2006	NUM
cjfa-37579	262	39	)	)	PUNCT
cjfa-37579	262	40	.	.	PUNCT
cjfa-37579	263	1	volatility	volatility	NOUN
cjfa-37579	263	2	models	model	NOUN
cjfa-37579	263	3	should	should	AUX
cjfa-37579	263	4	capture	capture	VERB
cjfa-37579	263	5	error	error	NOUN
cjfa-37579	263	6	term	term	NOUN
cjfa-37579	263	7	’s	’s	PART
cjfa-37579	263	8	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	263	9	and	and	CCONJ
cjfa-37579	263	10	stylised	stylise	VERB
cjfa-37579	263	11	fact	fact	NOUN
cjfa-37579	263	12	in	in	ADP
cjfa-37579	263	13	stock	stock	NOUN
cjfa-37579	263	14	returns	return	NOUN
cjfa-37579	263	15	(	(	PUNCT
cjfa-37579	263	16	engle	engle	NOUN
cjfa-37579	263	17	,	,	PUNCT
cjfa-37579	263	18	1982	1982	NUM
cjfa-37579	263	19	)	)	PUNCT
cjfa-37579	263	20	.	.	PUNCT
cjfa-37579	264	1	the	the	DET
cjfa-37579	264	2	general	general	ADJ
cjfa-37579	264	3	form	form	NOUN
cjfa-37579	264	4	of	of	ADP
cjfa-37579	264	5	the	the	DET
cjfa-37579	264	6	conditional	conditional	ADJ
cjfa-37579	264	7	variance	variance	NOUN
cjfa-37579	264	8	equation	equation	NOUN
cjfa-37579	264	9	incorporates	incorporate	VERB
cjfa-37579	264	10	the	the	DET
cjfa-37579	264	11	arch	arch	ADJ
cjfa-37579	264	12	processes	process	NOUN
cjfa-37579	264	13	with	with	ADP
cjfa-37579	264	14	(	(	PUNCT
cjfa-37579	264	15	p	p	NOUN
cjfa-37579	264	16	)	)	PUNCT
cjfa-37579	264	17	lagged	lag	VERB
cjfa-37579	264	18	as	as	SCONJ
cjfa-37579	264	19	follows	follow	VERB
cjfa-37579	264	20	:	:	PUNCT
cjfa-37579	264	21	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	264	22	�	�	PROPN
cjfa-37579	264	23	�	�	PROPN
cjfa-37579	264	24	=	=	PUNCT
cjfa-37579	264	25	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	264	26	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	PROPN
cjfa-37579	264	27	�	�	PROPN
cjfa-37579	264	28	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	264	29	�	�	PROPN
cjfa-37579	264	30	�	�	PROPN
cjfa-37579	264	31	�	�	PROPN
cjfa-37579	264	32	�	�	PROPN
cjfa-37579	264	33	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	264	34	…	…	NUM
cjfa-37579	264	35	…	…	PUNCT
cjfa-37579	264	36	…	…	PUNCT
cjfa-37579	264	37	…	…	SYM
cjfa-37579	264	38	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	ADJ
cjfa-37579	264	39	�	�	PROPN
cjfa-37579	264	40	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	264	41	�	�	PROPN
cjfa-37579	264	42	�	�	PROPN
cjfa-37579	264	43	�	�	PROPN
cjfa-37579	264	44	�	�	PROPN
cjfa-37579	264	45	(	(	PUNCT
cjfa-37579	264	46	3	3	NUM
cjfa-37579	264	47	)	)	PUNCT
cjfa-37579	264	48	equation	equation	NOUN
cjfa-37579	264	49	3	3	NUM
cjfa-37579	264	50	,	,	PUNCT
cjfa-37579	264	51	arch	arch	ADJ
cjfa-37579	264	52	(	(	PUNCT
cjfa-37579	264	53	1	1	X
cjfa-37579	264	54	)	)	PUNCT
cjfa-37579	264	55	model	model	NOUN
cjfa-37579	264	56	shows	show	VERB
cjfa-37579	264	57	that	that	SCONJ
cjfa-37579	264	58	next	next	ADJ
cjfa-37579	264	59	period	period	NOUN
cjfa-37579	264	60	’s	’s	PART
cjfa-37579	264	61	variance	variance	NOUN
cjfa-37579	264	62	of	of	ADP
cjfa-37579	264	63	return	return	NOUN
cjfa-37579	264	64	which	which	PRON
cjfa-37579	264	65	was	be	AUX
cjfa-37579	264	66	the	the	DET
cjfa-37579	264	67	residuals	residual	NOUN
cjfa-37579	264	68	of	of	ADP
cjfa-37579	264	69	the	the	DET
cjfa-37579	264	70	mean	mean	ADJ
cjfa-37579	264	71	equation	equation	NOUN
cjfa-37579	264	72	(	(	PUNCT
cjfa-37579	264	73	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	264	74	�	�	PROPN
cjfa-37579	264	75	�	�	PROPN
cjfa-37579	264	76	)	)	PUNCT
cjfa-37579	264	77	,	,	PUNCT
cjfa-37579	264	78	depends	depend	VERB
cjfa-37579	264	79	on	on	ADP
cjfa-37579	264	80	squared	square	VERB
cjfa-37579	264	81	residuals	residual	NOUN
cjfa-37579	264	82	of	of	ADP
cjfa-37579	264	83	the	the	DET
cjfa-37579	264	84	past	past	ADJ
cjfa-37579	264	85	period	period	NOUN
cjfa-37579	264	86	from	from	ADP
cjfa-37579	264	87	period	period	NOUN
cjfa-37579	264	88	1	1	NUM
cjfa-37579	264	89	till	till	SCONJ
cjfa-37579	264	90	p	p	ADJ
cjfa-37579	264	91	period	period	NOUN
cjfa-37579	264	92	(	(	PUNCT
cjfa-37579	264	93	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	264	94	�	�	PROPN
cjfa-37579	264	95	�	�	PROPN
cjfa-37579	264	96	�	�	PROPN
cjfa-37579	264	97	�	�	PROPN
cjfa-37579	264	98	)	)	PUNCT
cjfa-37579	264	99	known	know	VERB
cjfa-37579	264	100	as	as	ADP
cjfa-37579	264	101	the	the	DET
cjfa-37579	264	102	arch	arch	ADJ
cjfa-37579	264	103	term	term	NOUN
cjfa-37579	264	104	,	,	PUNCT
cjfa-37579	264	105	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	264	106	�	�	PROPN
cjfa-37579	264	107	is	be	AUX
cjfa-37579	264	108	the	the	DET
cjfa-37579	264	109	parameter	parameter	NOUN
cjfa-37579	264	110	of	of	ADP
cjfa-37579	264	111	the	the	DET
cjfa-37579	264	112	arch	arch	ADJ
cjfa-37579	264	113	term	term	NOUN
cjfa-37579	264	114	and	and	CCONJ
cjfa-37579	264	115	𝜔𝜔𝜔is	𝜔𝜔𝜔is	VERB
cjfa-37579	264	116	the	the	DET
cjfa-37579	264	117	constant	constant	NOUN
cjfa-37579	264	118	.	.	PUNCT
cjfa-37579	265	1	an	an	DET
cjfa-37579	265	2	extension	extension	NOUN
cjfa-37579	265	3	is	be	AUX
cjfa-37579	265	4	the	the	DET
cjfa-37579	265	5	generalised	generalise	VERB
cjfa-37579	265	6	arch	arch	NOUN
cjfa-37579	265	7	or	or	CCONJ
cjfa-37579	265	8	garch	garch	NOUN
cjfa-37579	265	9	model	model	NOUN
cjfa-37579	265	10	which	which	PRON
cjfa-37579	265	11	adds	add	VERB
cjfa-37579	265	12	the	the	DET
cjfa-37579	265	13	lags	lag	NOUN
cjfa-37579	265	14	of	of	ADP
cjfa-37579	265	15	the	the	DET
cjfa-37579	265	16	variance	variance	NOUN
cjfa-37579	265	17	,	,	PUNCT
cjfa-37579	265	18	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	265	19	�	�	PROPN
cjfa-37579	265	20	�	�	PROPN
cjfa-37579	265	21	�	�	PROPN
cjfa-37579	265	22	�	�	PROPN
cjfa-37579	265	23	to	to	ADP
cjfa-37579	265	24	the	the	DET
cjfa-37579	265	25	standard	standard	ADJ
cjfa-37579	265	26	arch	arch	NOUN
cjfa-37579	265	27	.	.	PUNCT
cjfa-37579	266	1	garch	garch	NOUN
cjfa-37579	266	2	model	model	NOUN
cjfa-37579	266	3	has	have	VERB
cjfa-37579	266	4	one	one	NUM
cjfa-37579	266	5	lag	lag	NOUN
cjfa-37579	266	6	of	of	ADP
cjfa-37579	266	7	the	the	DET
cjfa-37579	266	8	regression	regression	NOUN
cjfa-37579	266	9	model	model	NOUN
cjfa-37579	266	10	’s	’s	PART
cjfa-37579	266	11	squared	square	VERB
cjfa-37579	266	12	residual	residual	ADJ
cjfa-37579	266	13	(	(	PUNCT
cjfa-37579	266	14	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	266	15	�	�	PROPN
cjfa-37579	266	16	�	�	PROPN
cjfa-37579	266	17	�	�	PROPN
cjfa-37579	266	18	�	�	PROPN
cjfa-37579	266	19	)	)	PUNCT
cjfa-37579	266	20	known	know	VERB
cjfa-37579	266	21	as	as	ADP
cjfa-37579	266	22	the	the	DET
cjfa-37579	266	23	arch	arch	ADJ
cjfa-37579	266	24	term	term	NOUN
cjfa-37579	266	25	and	and	CCONJ
cjfa-37579	266	26	one	one	NUM
cjfa-37579	266	27	lag	lag	NOUN
cjfa-37579	266	28	of	of	ADP
cjfa-37579	266	29	the	the	DET
cjfa-37579	266	30	variance	variance	NOUN
cjfa-37579	266	31	itself	itself	PRON
cjfa-37579	266	32	(	(	PUNCT
cjfa-37579	266	33	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	266	34	�	�	PROPN
cjfa-37579	266	35	�	�	PROPN
cjfa-37579	266	36	�	�	PROPN
cjfa-37579	266	37	�	�	PROPN
cjfa-37579	266	38	)	)	PUNCT
cjfa-37579	266	39	known	know	VERB
cjfa-37579	266	40	as	as	ADP
cjfa-37579	266	41	the	the	DET
cjfa-37579	266	42	garch	garch	NOUN
cjfa-37579	266	43	term	term	NOUN
cjfa-37579	266	44	(	(	PUNCT
cjfa-37579	266	45	bollerslev	bollerslev	ADJ
cjfa-37579	266	46	,	,	PUNCT
cjfa-37579	266	47	1986	1986	NUM
cjfa-37579	266	48	)	)	PUNCT
cjfa-37579	266	49	.	.	PUNCT
cjfa-37579	267	1	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	267	2	�	�	PROPN
cjfa-37579	267	3	�	�	PROPN
cjfa-37579	267	4	=	=	PUNCT
cjfa-37579	267	5	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	267	6	𝜔𝜔∑	𝜔𝜔∑	PROPN
cjfa-37579	267	7	𝜔𝜔𝜀𝜀	𝜔𝜔𝜀𝜀	PROPN
cjfa-37579	267	8	�	�	PROPN
cjfa-37579	267	9	�	�	PROPN
cjfa-37579	267	10	�	�	PROPN
cjfa-37579	267	11	�	�	PROPN
cjfa-37579	267	12	�	�	PROPN
cjfa-37579	267	13	�	�	PROPN
cjfa-37579	267	14	�	�	PROPN
cjfa-37579	267	15	�	�	PROPN
cjfa-37579	267	16	𝜔	𝜔	NOUN
cjfa-37579	267	17	∑	∑	PROPN
cjfa-37579	267	18	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	267	19	�	�	PROPN
cjfa-37579	267	20	�	�	PROPN
cjfa-37579	267	21	�	�	PROPN
cjfa-37579	267	22	�	�	PROPN
cjfa-37579	267	23	�	�	PROPN
cjfa-37579	267	24	�	�	PROPN
cjfa-37579	267	25	�	�	PROPN
cjfa-37579	267	26	�	�	PROPN
cjfa-37579	267	27	(	(	PUNCT
cjfa-37579	267	28	4	4	NUM
cjfa-37579	267	29	)	)	PUNCT
cjfa-37579	267	30	equation	equation	NOUN
cjfa-37579	267	31	4	4	NUM
cjfa-37579	267	32	is	be	AUX
cjfa-37579	267	33	the	the	DET
cjfa-37579	267	34	garch	garch	NOUN
cjfa-37579	267	35	model	model	NOUN
cjfa-37579	267	36	developed	develop	VERB
cjfa-37579	267	37	by	by	ADP
cjfa-37579	267	38	bollerslev	bollerslev	ADJ
cjfa-37579	267	39	(	(	PUNCT
cjfa-37579	267	40	1986	1986	NUM
cjfa-37579	267	41	)	)	PUNCT
cjfa-37579	267	42	.	.	PUNCT
cjfa-37579	268	1	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	268	2	,	,	PUNCT
cjfa-37579	268	3	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	268	4	>	>	X
cjfa-37579	268	5	0	0	PUNCT
cjfa-37579	268	6	and	and	CCONJ
cjfa-37579	268	7	(	(	PUNCT
cjfa-37579	268	8	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	268	9	+	+	X
cjfa-37579	268	10	𝛽𝛽	𝛽𝛽	X
cjfa-37579	268	11	)	)	PUNCT
cjfa-37579	268	12	<	<	X
cjfa-37579	268	13	1	1	NUM
cjfa-37579	268	14	to	to	PART
cjfa-37579	268	15	avoid	avoid	VERB
cjfa-37579	268	16	negative	negative	ADJ
cjfa-37579	268	17	conditional	conditional	ADJ
cjfa-37579	268	18	variance	variance	NOUN
cjfa-37579	268	19	and	and	CCONJ
cjfa-37579	268	20	it	it	PRON
cjfa-37579	268	21	indicates	indicate	VERB
cjfa-37579	268	22	that	that	SCONJ
cjfa-37579	268	23	present	present	ADJ
cjfa-37579	268	24	period	period	NOUN
cjfa-37579	268	25	’s	’s	PART
cjfa-37579	268	26	return	return	NOUN
cjfa-37579	268	27	variance	variance	NOUN
cjfa-37579	268	28	(	(	PUNCT
cjfa-37579	268	29	4	4	X
cjfa-37579	268	30	)	)	PUNCT
cjfa-37579	268	31	equation	equation	NOUN
cjfa-37579	268	32	4	4	NUM
cjfa-37579	268	33	is	be	AUX
cjfa-37579	268	34	the	the	DET
cjfa-37579	268	35	garch	garch	NOUN
cjfa-37579	268	36	model	model	NOUN
cjfa-37579	268	37	developed	develop	VERB
cjfa-37579	268	38	by	by	ADP
cjfa-37579	268	39	bollerslev	bollerslev	ADJ
cjfa-37579	268	40	(	(	PUNCT
cjfa-37579	268	41	1986	1986	NUM
cjfa-37579	268	42	)	)	PUNCT
cjfa-37579	268	43	.	.	PUNCT
cjfa-37579	269	1	α	α	X
cjfa-37579	269	2	,	,	PUNCT
cjfa-37579	269	3	β	β	X
cjfa-37579	269	4	>	>	X
cjfa-37579	269	5	0	0	PUNCT
cjfa-37579	270	1	and	and	CCONJ
cjfa-37579	270	2	(	(	PUNCT
cjfa-37579	270	3	α	α	NOUN
cjfa-37579	270	4	+	+	X
cjfa-37579	270	5	β	β	X
cjfa-37579	270	6	)	)	PUNCT
cjfa-37579	270	7	<	<	X
cjfa-37579	270	8	1	1	NUM
cjfa-37579	270	9	to	to	PART
cjfa-37579	270	10	avoid	avoid	VERB
cjfa-37579	270	11	negative	negative	ADJ
cjfa-37579	270	12	conditional	conditional	ADJ
cjfa-37579	270	13	variance	variance	NOUN
cjfa-37579	270	14	and	and	CCONJ
cjfa-37579	270	15	it	it	PRON
cjfa-37579	270	16	indicates	indicate	VERB
cjfa-37579	270	17	that	that	SCONJ
cjfa-37579	270	18	present	present	ADJ
cjfa-37579	270	19	period	period	NOUN
cjfa-37579	270	20	’s	’s	PART
cjfa-37579	270	21	return	return	NOUN
cjfa-37579	270	22	variance	variance	NOUN
cjfa-37579	270	23	the	the	DET
cjfa-37579	270	24	sectoral	sectoral	ADJ
cjfa-37579	270	25	index	index	NOUN
cjfa-37579	270	26	,	,	PUNCT
cjfa-37579	270	27	as	as	SCONJ
cjfa-37579	270	28	shown	show	VERB
cjfa-37579	270	29	in	in	ADP
cjfa-37579	270	30	figure	figure	NOUN
cjfa-37579	270	31	1	1	NUM
cjfa-37579	270	32	,	,	PUNCT
cjfa-37579	270	33	indicates	indicate	VERB
cjfa-37579	270	34	that	that	SCONJ
cjfa-37579	270	35	the	the	DET
cjfa-37579	270	36	sectors	sector	NOUN
cjfa-37579	270	37	respond	respond	VERB
cjfa-37579	270	38	similarly	similarly	ADV
cjfa-37579	270	39	during	during	ADP
cjfa-37579	270	40	the	the	DET
cjfa-37579	270	41	early	early	ADJ
cjfa-37579	270	42	months	month	NOUN
cjfa-37579	270	43	of	of	ADP
cjfa-37579	270	44	the	the	DET
cjfa-37579	270	45	year	year	NOUN
cjfa-37579	270	46	and	and	CCONJ
cjfa-37579	270	47	at	at	ADP
cjfa-37579	270	48	the	the	DET
cjfa-37579	270	49	inception	inception	NOUN
cjfa-37579	270	50	of	of	ADP
cjfa-37579	270	51	covid-19	covid-19	PROPN
cjfa-37579	270	52	cases	case	NOUN
cjfa-37579	270	53	in	in	ADP
cjfa-37579	270	54	nigeria	nigeria	PRON
cjfa-37579	270	55	between	between	ADP
cjfa-37579	270	56	january	january	PROPN
cjfa-37579	270	57	(	(	PUNCT
cjfa-37579	270	58	m1	m1	NOUN
cjfa-37579	270	59	)	)	PUNCT
cjfa-37579	270	60	and	and	CCONJ
cjfa-37579	270	61	april	april	PROPN
cjfa-37579	270	62	(	(	PUNCT
cjfa-37579	270	63	m4	m4	PROPN
cjfa-37579	270	64	)	)	PUNCT
cjfa-37579	270	65	.	.	PUNCT
cjfa-37579	271	1	the	the	DET
cjfa-37579	271	2	sectorial	sectorial	ADJ
cjfa-37579	271	3	indexes	index	NOUN
cjfa-37579	271	4	were	be	AUX
cjfa-37579	271	5	increasing	increase	VERB
cjfa-37579	271	6	in	in	ADP
cjfa-37579	271	7	january	january	PROPN
cjfa-37579	271	8	(	(	PUNCT
cjfa-37579	271	9	m1	m1	PROPN
cjfa-37579	271	10	)	)	PUNCT
cjfa-37579	271	11	but	but	CCONJ
cjfa-37579	271	12	experienced	experience	VERB
cjfa-37579	271	13	a	a	DET
cjfa-37579	271	14	decline	decline	NOUN
cjfa-37579	271	15	afterwards	afterwards	ADV
cjfa-37579	271	16	till	till	SCONJ
cjfa-37579	271	17	around	around	ADP
cjfa-37579	271	18	march	march	PROPN
cjfa-37579	271	19	(	(	PUNCT
cjfa-37579	271	20	m3	m3	PROPN
cjfa-37579	271	21	)	)	PUNCT
cjfa-37579	271	22	and	and	CCONJ
cjfa-37579	271	23	april	april	PROPN
cjfa-37579	271	24	(	(	PUNCT
cjfa-37579	271	25	m4	m4	PROPN
cjfa-37579	271	26	)	)	PUNCT
cjfa-37579	271	27	.	.	PUNCT
cjfa-37579	272	1	this	this	PRON
cjfa-37579	272	2	was	be	AUX
cjfa-37579	272	3	the	the	DET
cjfa-37579	272	4	period	period	NOUN
cjfa-37579	272	5	when	when	SCONJ
cjfa-37579	272	6	covid19	covid19	NOUN
cjfa-37579	272	7	was	be	AUX
cjfa-37579	272	8	first	first	ADV
cjfa-37579	272	9	reported	report	VERB
cjfa-37579	272	10	and	and	CCONJ
cjfa-37579	272	11	various	various	ADJ
cjfa-37579	272	12	forms	form	NOUN
cjfa-37579	272	13	of	of	ADP
cjfa-37579	272	14	lockdown	lockdown	NOUN
cjfa-37579	272	15	were	be	AUX
cjfa-37579	272	16	also	also	ADV
cjfa-37579	272	17	announced	announce	VERB
cjfa-37579	272	18	in	in	ADP
cjfa-37579	272	19	nigeria	nigeria	PROPN
cjfa-37579	272	20	.	.	PUNCT
cjfa-37579	273	1	during	during	ADP
cjfa-37579	273	2	this	this	DET
cjfa-37579	273	3	period	period	NOUN
cjfa-37579	273	4	of	of	ADP
cjfa-37579	273	5	lockdowns	lockdown	NOUN
cjfa-37579	273	6	and	and	CCONJ
cjfa-37579	273	7	decline	decline	NOUN
cjfa-37579	273	8	,	,	PUNCT
cjfa-37579	273	9	various	various	ADJ
cjfa-37579	273	10	policy	policy	NOUN
cjfa-37579	273	11	responses	response	NOUN
cjfa-37579	273	12	by	by	ADP
cjfa-37579	273	13	different	different	ADJ
cjfa-37579	273	14	economic	economic	ADJ
cjfa-37579	273	15	agencies	agency	NOUN
cjfa-37579	273	16	were	be	AUX
cjfa-37579	273	17	announced	announce	VERB
cjfa-37579	273	18	and	and	CCONJ
cjfa-37579	273	19	implemented	implement	VERB
cjfa-37579	273	20	to	to	PART
cjfa-37579	273	21	cushion	cushion	VERB
cjfa-37579	273	22	the	the	DET
cjfa-37579	273	23	negative	negative	ADJ
cjfa-37579	273	24	effect	effect	NOUN
cjfa-37579	273	25	of	of	ADP
cjfa-37579	273	26	the	the	DET
cjfa-37579	273	27	pandemic	pandemic	NOUN
cjfa-37579	273	28	in	in	ADP
cjfa-37579	273	29	the	the	DET
cjfa-37579	273	30	country	country	NOUN
cjfa-37579	273	31	.	.	PUNCT
cjfa-37579	274	1	nseins	nsein	NOUN
cjfa-37579	274	2	started	start	VERB
cjfa-37579	274	3	to	to	PART
cjfa-37579	274	4	recover	recover	VERB
cjfa-37579	274	5	as	as	ADV
cjfa-37579	274	6	early	early	ADV
cjfa-37579	274	7	as	as	ADP
cjfa-37579	274	8	march	march	PROPN
cjfa-37579	274	9	(	(	PUNCT
cjfa-37579	274	10	m3	m3	PROPN
cjfa-37579	274	11	)	)	PUNCT
cjfa-37579	274	12	while	while	SCONJ
cjfa-37579	274	13	other	other	ADJ
cjfa-37579	274	14	sectors	sector	NOUN
cjfa-37579	274	15	started	start	VERB
cjfa-37579	274	16	recovering	recover	VERB
cjfa-37579	274	17	toward	toward	ADP
cjfa-37579	274	18	april	april	PROPN
cjfa-37579	274	19	(	(	PUNCT
cjfa-37579	274	20	m4	m4	PROPN
cjfa-37579	274	21	)	)	PUNCT
cjfa-37579	274	22	,	,	PUNCT
cjfa-37579	274	23	afterwards	afterwards	ADV
cjfa-37579	274	24	the	the	DET
cjfa-37579	274	25	policy	policy	NOUN
cjfa-37579	274	26	responses	response	NOUN
cjfa-37579	274	27	,	,	PUNCT
cjfa-37579	274	28	except	except	SCONJ
cjfa-37579	274	29	for	for	ADP
cjfa-37579	274	30	nseoil	nseoil	NOUN
cjfa-37579	274	31	that	that	PRON
cjfa-37579	274	32	indicates	indicate	VERB
cjfa-37579	274	33	a	a	DET
cjfa-37579	274	34	second	second	ADJ
cjfa-37579	274	35	decline	decline	NOUN
cjfa-37579	274	36	around	around	ADP
cjfa-37579	274	37	may	may	PROPN
cjfa-37579	274	38	(	(	PUNCT
cjfa-37579	274	39	m5	m5	PROPN
cjfa-37579	274	40	)	)	PUNCT
cjfa-37579	274	41	towards	towards	ADP
cjfa-37579	274	42	june	june	PROPN
cjfa-37579	274	43	(	(	PUNCT
cjfa-37579	274	44	m6	m6	PROPN
cjfa-37579	274	45	)	)	PUNCT
cjfa-37579	274	46	.	.	PUNCT
cjfa-37579	275	1	the	the	DET
cjfa-37579	275	2	indexes	index	NOUN
cjfa-37579	275	3	indicate	indicate	VERB
cjfa-37579	275	4	different	different	ADJ
cjfa-37579	275	5	magnitude	magnitude	NOUN
cjfa-37579	275	6	because	because	SCONJ
cjfa-37579	275	7	the	the	DET
cjfa-37579	275	8	index	index	NOUN
cjfa-37579	275	9	value	value	NOUN
cjfa-37579	275	10	of	of	ADP
cjfa-37579	275	11	the	the	DET
cjfa-37579	275	12	sectors	sector	NOUN
cjfa-37579	275	13	varies	vary	VERB
cjfa-37579	275	14	,	,	PUNCT
cjfa-37579	275	15	the	the	DET
cjfa-37579	275	16	nsepre	nsepre	NOUN
cjfa-37579	275	17	has	have	VERB
cjfa-37579	275	18	the	the	DET
cjfa-37579	275	19	highest	high	ADJ
cjfa-37579	275	20	index	index	NOUN
cjfa-37579	275	21	followed	follow	VERB
cjfa-37579	275	22	by	by	ADP
cjfa-37579	275	23	nseisl	nseisl	NOUN
cjfa-37579	275	24	while	while	SCONJ
cjfa-37579	275	25	the	the	DET
cjfa-37579	275	26	lowest	low	ADJ
cjfa-37579	275	27	index	index	NOUN
cjfa-37579	275	28	is	be	AUX
cjfa-37579	275	29	shown	show	VERB
cjfa-37579	275	30	by	by	ADP
cjfa-37579	275	31	nseins	nsein	NOUN
cjfa-37579	275	32	.	.	PUNCT
cjfa-37579	276	1	theoretical	theoretical	ADJ
cjfa-37579	276	2	framework	framework	NOUN
cjfa-37579	276	3	stock	stock	NOUN
cjfa-37579	276	4	returns	return	NOUN
cjfa-37579	276	5	exhibit	exhibit	VERB
cjfa-37579	276	6	stochastic	stochastic	ADJ
cjfa-37579	276	7	volatility	volatility	NOUN
cjfa-37579	276	8	and	and	CCONJ
cjfa-37579	276	9	jumps	jump	VERB
cjfa-37579	276	10	(	(	PUNCT
cjfa-37579	276	11	nageri	nageri	ADJ
cjfa-37579	276	12	,	,	PUNCT
cjfa-37579	276	13	2019b	2019b	NUM
cjfa-37579	276	14	)	)	PUNCT
cjfa-37579	276	15	indicating	indicate	VERB
cjfa-37579	276	16	the	the	DET
cjfa-37579	276	17	risk	risk	NOUN
cjfa-37579	276	18	associated	associate	VERB
cjfa-37579	276	19	with	with	ADP
cjfa-37579	276	20	deviation	deviation	NOUN
cjfa-37579	276	21	in	in	ADP
cjfa-37579	276	22	returns	return	NOUN
cjfa-37579	276	23	(	(	PUNCT
cjfa-37579	276	24	campbell	campbell	PROPN
cjfa-37579	276	25	,	,	PUNCT
cjfa-37579	276	26	lettau	lettau	PROPN
cjfa-37579	276	27	,	,	PUNCT
cjfa-37579	276	28	malkiel	malkiel	PROPN
cjfa-37579	276	29	&	&	CCONJ
cjfa-37579	276	30	xu	xu	PROPN
cjfa-37579	276	31	,	,	PUNCT
cjfa-37579	276	32	2001	2001	NUM
cjfa-37579	276	33	;	;	PUNCT
cjfa-37579	276	34	pastor	pastor	NOUN
cjfa-37579	276	35	&	&	CCONJ
cjfa-37579	276	36	veronesi	veronesi	PROPN
cjfa-37579	276	37	,	,	PUNCT
cjfa-37579	276	38	2006	2006	NUM
cjfa-37579	276	39	)	)	PUNCT
cjfa-37579	276	40	.	.	PUNCT
cjfa-37579	277	1	volatility	volatility	NOUN
cjfa-37579	277	2	models	model	NOUN
cjfa-37579	277	3	should	should	AUX
cjfa-37579	277	4	capture	capture	VERB
cjfa-37579	277	5	error	error	NOUN
cjfa-37579	277	6	term	term	NOUN
cjfa-37579	277	7	’s	’s	PART
cjfa-37579	277	8	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	277	9	and	and	CCONJ
cjfa-37579	277	10	stylised	stylise	VERB
cjfa-37579	277	11	fact	fact	NOUN
cjfa-37579	277	12	in	in	ADP
cjfa-37579	277	13	stock	stock	NOUN
cjfa-37579	277	14	returns	return	NOUN
cjfa-37579	277	15	(	(	PUNCT
cjfa-37579	277	16	engle	engle	NOUN
cjfa-37579	277	17	,	,	PUNCT
cjfa-37579	277	18	1982	1982	NUM
cjfa-37579	277	19	)	)	PUNCT
cjfa-37579	277	20	.	.	PUNCT
cjfa-37579	278	1	the	the	DET
cjfa-37579	278	2	general	general	ADJ
cjfa-37579	278	3	form	form	NOUN
cjfa-37579	278	4	of	of	ADP
cjfa-37579	278	5	the	the	DET
cjfa-37579	278	6	conditional	conditional	ADJ
cjfa-37579	278	7	variance	variance	NOUN
cjfa-37579	278	8	equation	equation	NOUN
cjfa-37579	278	9	incorporates	incorporate	VERB
cjfa-37579	278	10	the	the	DET
cjfa-37579	278	11	arch	arch	ADJ
cjfa-37579	278	12	processes	process	NOUN
cjfa-37579	278	13	with	with	ADP
cjfa-37579	278	14	(	(	PUNCT
cjfa-37579	278	15	p	p	NOUN
cjfa-37579	278	16	)	)	PUNCT
cjfa-37579	278	17	lagged	lag	VERB
cjfa-37579	278	18	as	as	SCONJ
cjfa-37579	278	19	follows	follow	VERB
cjfa-37579	278	20	:	:	PUNCT
cjfa-37579	278	21	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	278	22	�	�	PROPN
cjfa-37579	278	23	�	�	PROPN
cjfa-37579	278	24	=	=	PUNCT
cjfa-37579	278	25	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	278	26	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	PROPN
cjfa-37579	278	27	�	�	PROPN
cjfa-37579	278	28	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	278	29	�	�	PROPN
cjfa-37579	278	30	�	�	PROPN
cjfa-37579	278	31	�	�	PROPN
cjfa-37579	278	32	�	�	PROPN
cjfa-37579	278	33	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	278	34	…	…	NUM
cjfa-37579	278	35	…	…	PUNCT
cjfa-37579	278	36	…	…	PUNCT
cjfa-37579	278	37	…	…	SYM
cjfa-37579	278	38	𝜔𝜔𝜔𝜔	𝜔𝜔𝜔𝜔	ADJ
cjfa-37579	278	39	�	�	PROPN
cjfa-37579	278	40	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	278	41	�	�	PROPN
cjfa-37579	278	42	�	�	PROPN
cjfa-37579	278	43	�	�	PROPN
cjfa-37579	278	44	�	�	PROPN
cjfa-37579	278	45	(	(	PUNCT
cjfa-37579	278	46	3	3	NUM
cjfa-37579	278	47	)	)	PUNCT
cjfa-37579	278	48	equation	equation	NOUN
cjfa-37579	278	49	3	3	NUM
cjfa-37579	278	50	,	,	PUNCT
cjfa-37579	278	51	arch	arch	ADJ
cjfa-37579	278	52	(	(	PUNCT
cjfa-37579	278	53	1	1	X
cjfa-37579	278	54	)	)	PUNCT
cjfa-37579	278	55	model	model	NOUN
cjfa-37579	278	56	shows	show	VERB
cjfa-37579	278	57	that	that	SCONJ
cjfa-37579	278	58	next	next	ADJ
cjfa-37579	278	59	period	period	NOUN
cjfa-37579	278	60	’s	’s	PART
cjfa-37579	278	61	variance	variance	NOUN
cjfa-37579	278	62	of	of	ADP
cjfa-37579	278	63	return	return	NOUN
cjfa-37579	278	64	which	which	PRON
cjfa-37579	278	65	was	be	AUX
cjfa-37579	278	66	the	the	DET
cjfa-37579	278	67	residuals	residual	NOUN
cjfa-37579	278	68	of	of	ADP
cjfa-37579	278	69	the	the	DET
cjfa-37579	278	70	mean	mean	ADJ
cjfa-37579	278	71	equation	equation	NOUN
cjfa-37579	278	72	(	(	PUNCT
cjfa-37579	278	73	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	278	74	�	�	PROPN
cjfa-37579	278	75	�	�	PROPN
cjfa-37579	278	76	)	)	PUNCT
cjfa-37579	278	77	,	,	PUNCT
cjfa-37579	278	78	depends	depend	VERB
cjfa-37579	278	79	on	on	ADP
cjfa-37579	278	80	squared	square	VERB
cjfa-37579	278	81	residuals	residual	NOUN
cjfa-37579	278	82	of	of	ADP
cjfa-37579	278	83	the	the	DET
cjfa-37579	278	84	past	past	ADJ
cjfa-37579	278	85	period	period	NOUN
cjfa-37579	278	86	from	from	ADP
cjfa-37579	278	87	period	period	NOUN
cjfa-37579	278	88	1	1	NUM
cjfa-37579	278	89	till	till	SCONJ
cjfa-37579	278	90	p	p	ADJ
cjfa-37579	278	91	period	period	NOUN
cjfa-37579	278	92	(	(	PUNCT
cjfa-37579	278	93	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	278	94	�	�	PROPN
cjfa-37579	278	95	�	�	PROPN
cjfa-37579	278	96	�	�	PROPN
cjfa-37579	278	97	�	�	PROPN
cjfa-37579	278	98	)	)	PUNCT
cjfa-37579	278	99	known	know	VERB
cjfa-37579	278	100	as	as	ADP
cjfa-37579	278	101	the	the	DET
cjfa-37579	278	102	arch	arch	ADJ
cjfa-37579	278	103	term	term	NOUN
cjfa-37579	278	104	,	,	PUNCT
cjfa-37579	278	105	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	278	106	�	�	PROPN
cjfa-37579	278	107	is	be	AUX
cjfa-37579	278	108	the	the	DET
cjfa-37579	278	109	parameter	parameter	NOUN
cjfa-37579	278	110	of	of	ADP
cjfa-37579	278	111	the	the	DET
cjfa-37579	278	112	arch	arch	ADJ
cjfa-37579	278	113	term	term	NOUN
cjfa-37579	278	114	and	and	CCONJ
cjfa-37579	278	115	𝜔𝜔𝜔is	𝜔𝜔𝜔is	VERB
cjfa-37579	278	116	the	the	DET
cjfa-37579	278	117	constant	constant	NOUN
cjfa-37579	278	118	.	.	PUNCT
cjfa-37579	279	1	an	an	DET
cjfa-37579	279	2	extension	extension	NOUN
cjfa-37579	279	3	is	be	AUX
cjfa-37579	279	4	the	the	DET
cjfa-37579	279	5	generalised	generalise	VERB
cjfa-37579	279	6	arch	arch	NOUN
cjfa-37579	279	7	or	or	CCONJ
cjfa-37579	279	8	garch	garch	NOUN
cjfa-37579	279	9	model	model	NOUN
cjfa-37579	279	10	which	which	PRON
cjfa-37579	279	11	adds	add	VERB
cjfa-37579	279	12	the	the	DET
cjfa-37579	279	13	lags	lag	NOUN
cjfa-37579	279	14	of	of	ADP
cjfa-37579	279	15	the	the	DET
cjfa-37579	279	16	variance	variance	NOUN
cjfa-37579	279	17	,	,	PUNCT
cjfa-37579	279	18	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	279	19	�	�	PROPN
cjfa-37579	279	20	�	�	PROPN
cjfa-37579	279	21	�	�	PROPN
cjfa-37579	279	22	�	�	PROPN
cjfa-37579	279	23	to	to	ADP
cjfa-37579	279	24	the	the	DET
cjfa-37579	279	25	standard	standard	ADJ
cjfa-37579	279	26	arch	arch	NOUN
cjfa-37579	279	27	.	.	PUNCT
cjfa-37579	280	1	garch	garch	NOUN
cjfa-37579	280	2	model	model	NOUN
cjfa-37579	280	3	has	have	VERB
cjfa-37579	280	4	one	one	NUM
cjfa-37579	280	5	lag	lag	NOUN
cjfa-37579	280	6	of	of	ADP
cjfa-37579	280	7	the	the	DET
cjfa-37579	280	8	regression	regression	NOUN
cjfa-37579	280	9	model	model	NOUN
cjfa-37579	280	10	’s	’s	PART
cjfa-37579	280	11	squared	square	VERB
cjfa-37579	280	12	residual	residual	ADJ
cjfa-37579	280	13	(	(	PUNCT
cjfa-37579	280	14	𝜀𝜀	𝜀𝜀	PROPN
cjfa-37579	280	15	�	�	PROPN
cjfa-37579	280	16	�	�	PROPN
cjfa-37579	280	17	�	�	PROPN
cjfa-37579	280	18	�	�	PROPN
cjfa-37579	280	19	)	)	PUNCT
cjfa-37579	280	20	known	know	VERB
cjfa-37579	280	21	as	as	ADP
cjfa-37579	280	22	the	the	DET
cjfa-37579	280	23	arch	arch	ADJ
cjfa-37579	280	24	term	term	NOUN
cjfa-37579	280	25	and	and	CCONJ
cjfa-37579	280	26	one	one	NUM
cjfa-37579	280	27	lag	lag	NOUN
cjfa-37579	280	28	of	of	ADP
cjfa-37579	280	29	the	the	DET
cjfa-37579	280	30	variance	variance	NOUN
cjfa-37579	280	31	itself	itself	PRON
cjfa-37579	280	32	(	(	PUNCT
cjfa-37579	280	33	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	280	34	�	�	PROPN
cjfa-37579	280	35	�	�	PROPN
cjfa-37579	280	36	�	�	PROPN
cjfa-37579	280	37	�	�	PROPN
cjfa-37579	280	38	)	)	PUNCT
cjfa-37579	280	39	known	know	VERB
cjfa-37579	280	40	as	as	ADP
cjfa-37579	280	41	the	the	DET
cjfa-37579	280	42	garch	garch	NOUN
cjfa-37579	280	43	term	term	NOUN
cjfa-37579	280	44	(	(	PUNCT
cjfa-37579	280	45	bollerslev	bollerslev	ADJ
cjfa-37579	280	46	,	,	PUNCT
cjfa-37579	280	47	1986	1986	NUM
cjfa-37579	280	48	)	)	PUNCT
cjfa-37579	280	49	.	.	PUNCT
cjfa-37579	281	1	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	281	2	�	�	PROPN
cjfa-37579	281	3	�	�	PROPN
cjfa-37579	281	4	=	=	PUNCT
cjfa-37579	281	5	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	281	6	𝜔𝜔∑	𝜔𝜔∑	PROPN
cjfa-37579	281	7	𝜔𝜔𝜀𝜀	𝜔𝜔𝜀𝜀	PROPN
cjfa-37579	281	8	�	�	PROPN
cjfa-37579	281	9	�	�	PROPN
cjfa-37579	281	10	�	�	PROPN
cjfa-37579	281	11	�	�	PROPN
cjfa-37579	281	12	�	�	PROPN
cjfa-37579	281	13	�	�	PROPN
cjfa-37579	281	14	�	�	PROPN
cjfa-37579	281	15	�	�	PROPN
cjfa-37579	281	16	𝜔	𝜔	NOUN
cjfa-37579	281	17	∑	∑	PROPN
cjfa-37579	281	18	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	281	19	�	�	PROPN
cjfa-37579	281	20	�	�	PROPN
cjfa-37579	281	21	�	�	PROPN
cjfa-37579	281	22	�	�	PROPN
cjfa-37579	281	23	�	�	PROPN
cjfa-37579	281	24	�	�	PROPN
cjfa-37579	281	25	�	�	PROPN
cjfa-37579	281	26	�	�	PROPN
cjfa-37579	281	27	(	(	PUNCT
cjfa-37579	281	28	4	4	NUM
cjfa-37579	281	29	)	)	PUNCT
cjfa-37579	281	30	equation	equation	NOUN
cjfa-37579	281	31	4	4	NUM
cjfa-37579	281	32	is	be	AUX
cjfa-37579	281	33	the	the	DET
cjfa-37579	281	34	garch	garch	NOUN
cjfa-37579	281	35	model	model	NOUN
cjfa-37579	281	36	developed	develop	VERB
cjfa-37579	281	37	by	by	ADP
cjfa-37579	281	38	bollerslev	bollerslev	ADJ
cjfa-37579	281	39	(	(	PUNCT
cjfa-37579	281	40	1986	1986	NUM
cjfa-37579	281	41	)	)	PUNCT
cjfa-37579	281	42	.	.	PUNCT
cjfa-37579	282	1	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	282	2	,	,	PUNCT
cjfa-37579	282	3	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	282	4	>	>	X
cjfa-37579	282	5	0	0	PUNCT
cjfa-37579	282	6	and	and	CCONJ
cjfa-37579	282	7	(	(	PUNCT
cjfa-37579	282	8	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	282	9	+	+	X
cjfa-37579	282	10	𝛽𝛽	𝛽𝛽	X
cjfa-37579	282	11	)	)	PUNCT
cjfa-37579	282	12	<	<	X
cjfa-37579	282	13	1	1	NUM
cjfa-37579	282	14	to	to	PART
cjfa-37579	282	15	avoid	avoid	VERB
cjfa-37579	282	16	negative	negative	ADJ
cjfa-37579	282	17	conditional	conditional	ADJ
cjfa-37579	282	18	variance	variance	NOUN
cjfa-37579	282	19	and	and	CCONJ
cjfa-37579	282	20	it	it	PRON
cjfa-37579	282	21	indicates	indicate	VERB
cjfa-37579	282	22	that	that	SCONJ
cjfa-37579	282	23	present	present	ADJ
cjfa-37579	282	24	period	period	NOUN
cjfa-37579	282	25	’s	’s	PART
cjfa-37579	282	26	return	return	NOUN
cjfa-37579	282	27	variance	variance	NOUN
cjfa-37579	282	28	is	be	AUX
cjfa-37579	282	29	determined	determine	VERB
cjfa-37579	282	30	by	by	ADP
cjfa-37579	282	31	a	a	DET
cjfa-37579	282	32	constant	constant	ADJ
cjfa-37579	282	33	(	(	PUNCT
cjfa-37579	282	34	ω	ω	NOUN
cjfa-37579	282	35	)	)	PUNCT
cjfa-37579	282	36	,	,	PUNCT
cjfa-37579	282	37	estimates	estimate	NOUN
cjfa-37579	282	38	of	of	ADP
cjfa-37579	282	39	the	the	DET
cjfa-37579	282	40	previous	previous	ADJ
cjfa-37579	282	41	period	period	NOUN
cjfa-37579	282	42	’s	’s	PART
cjfa-37579	282	43	squared	square	VERB
cjfa-37579	282	44	residual	residual	ADJ
cjfa-37579	282	45	of	of	ADP
cjfa-37579	282	46	the	the	DET
cjfa-37579	282	47	mean	mean	ADJ
cjfa-37579	282	48	return	return	NOUN
cjfa-37579	282	49	equation	equation	NOUN
cjfa-37579	282	50	(	(	PUNCT
cjfa-37579	282	51	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	282	52	�	�	PROPN
cjfa-37579	282	53	�	�	PROPN
cjfa-37579	282	54	)	)	PUNCT
cjfa-37579	282	55	is	be	AUX
cjfa-37579	282	56	determined	determine	VERB
cjfa-37579	282	57	by	by	ADP
cjfa-37579	282	58	a	a	DET
cjfa-37579	282	59	constant	constant	ADJ
cjfa-37579	282	60	(	(	PUNCT
cjfa-37579	282	61	𝜔𝜔	𝜔𝜔	NOUN
cjfa-37579	282	62	)	)	PUNCT
cjfa-37579	282	63	,	,	PUNCT
cjfa-37579	282	64	estimates	estimate	NOUN
cjfa-37579	282	65	of	of	ADP
cjfa-37579	282	66	the	the	DET
cjfa-37579	282	67	previous	previous	ADJ
cjfa-37579	282	68	period	period	NOUN
cjfa-37579	282	69	’s	’s	PART
cjfa-37579	282	70	squared	square	VERB
cjfa-37579	282	71	residual	residual	ADJ
cjfa-37579	282	72	of	of	ADP
cjfa-37579	282	73	the	the	DET
cjfa-37579	282	74	mean	mean	ADJ
cjfa-37579	282	75	return	return	NOUN
cjfa-37579	282	76	equation	equation	NOUN
cjfa-37579	282	77	(	(	PUNCT
cjfa-37579	282	78	∑	∑	PART
cjfa-37579	282	79	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	282	80	�	�	PROPN
cjfa-37579	282	81	�	�	PROPN
cjfa-37579	282	82	�	�	PROPN
cjfa-37579	282	83	�	�	PROPN
cjfa-37579	282	84	�	�	PROPN
cjfa-37579	282	85	�	�	PROPN
cjfa-37579	282	86	�	�	PROPN
cjfa-37579	282	87	�	�	PROPN
cjfa-37579	282	88	)	)	PUNCT
cjfa-37579	282	89	and	and	CCONJ
cjfa-37579	282	90	estimates	estimate	NOUN
cjfa-37579	282	91	of	of	ADP
cjfa-37579	282	92	the	the	DET
cjfa-37579	282	93	previous	previous	ADJ
cjfa-37579	282	94	period	period	NOUN
cjfa-37579	282	95	’s	’s	PART
cjfa-37579	282	96	return	return	NOUN
cjfa-37579	282	97	variance	variance	NOUN
cjfa-37579	282	98	(	(	PUNCT
cjfa-37579	282	99	∑	∑	PROPN
cjfa-37579	282	100	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	282	101	�	�	PROPN
cjfa-37579	282	102	�	�	PROPN
cjfa-37579	282	103	�	�	PROPN
cjfa-37579	282	104	�	�	PROPN
cjfa-37579	282	105	�	�	PROPN
cjfa-37579	282	106	�	�	PROPN
cjfa-37579	282	107	�	�	PROPN
cjfa-37579	282	108	�	�	PROPN
cjfa-37579	282	109	)	)	PUNCT
cjfa-37579	282	110	.	.	PUNCT
cjfa-37579	283	1	model	model	NOUN
cjfa-37579	283	2	specification	specification	NOUN
cjfa-37579	283	3	this	this	DET
cjfa-37579	283	4	study	study	NOUN
cjfa-37579	283	5	examined	examine	VERB
cjfa-37579	283	6	the	the	DET
cjfa-37579	283	7	risk	risk	NOUN
cjfa-37579	283	8	-	-	PUNCT
cjfa-37579	283	9	return	return	NOUN
cjfa-37579	283	10	relationship	relationship	NOUN
cjfa-37579	283	11	of	of	ADP
cjfa-37579	283	12	returns	return	NOUN
cjfa-37579	283	13	and	and	CCONJ
cjfa-37579	283	14	evaluates	evaluate	VERB
cjfa-37579	283	15	good	good	ADJ
cjfa-37579	283	16	and	and	CCONJ
cjfa-37579	283	17	bad	bad	ADJ
cjfa-37579	283	18	news	news	NOUN
cjfa-37579	283	19	during	during	ADP
cjfa-37579	283	20	covid-19	covid-19	PROPN
cjfa-37579	283	21	.	.	PUNCT
cjfa-37579	284	1	variant	variant	ADJ
cjfa-37579	284	2	auto	auto	NOUN
cjfa-37579	284	3	-	-	PUNCT
cjfa-37579	284	4	regressive	regressive	ADJ
cjfa-37579	284	5	conditional	conditional	ADJ
cjfa-37579	284	6	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	284	7	(	(	PUNCT
cjfa-37579	284	8	arch	arch	ADJ
cjfa-37579	284	9	)	)	PUNCT
cjfa-37579	284	10	models	model	NOUN
cjfa-37579	284	11	were	be	AUX
cjfa-37579	284	12	used	use	VERB
cjfa-37579	284	13	to	to	PART
cjfa-37579	284	14	achieve	achieve	VERB
cjfa-37579	284	15	the	the	DET
cjfa-37579	284	16	purpose	purpose	NOUN
cjfa-37579	284	17	of	of	ADP
cjfa-37579	284	18	the	the	DET
cjfa-37579	284	19	study	study	NOUN
cjfa-37579	284	20	under	under	ADP
cjfa-37579	284	21	three	three	NUM
cjfa-37579	284	22	(	(	PUNCT
cjfa-37579	284	23	3	3	NUM
cjfa-37579	284	24	)	)	PUNCT
cjfa-37579	284	25	distributional	distributional	ADJ
cjfa-37579	284	26	assumptions	assumption	NOUN
cjfa-37579	284	27	.	.	PUNCT
cjfa-37579	285	1	the	the	DET
cjfa-37579	285	2	following	follow	VERB
cjfa-37579	285	3	is	be	AUX
cjfa-37579	285	4	the	the	DET
cjfa-37579	285	5	general	general	ADJ
cjfa-37579	285	6	form	form	NOUN
cjfa-37579	285	7	of	of	ADP
cjfa-37579	285	8	the	the	DET
cjfa-37579	285	9	panel	panel	NOUN
cjfa-37579	285	10	garch	garch	NOUN
cjfa-37579	285	11	model	model	NOUN
cjfa-37579	285	12	used	use	VERB
cjfa-37579	285	13	in	in	ADP
cjfa-37579	285	14	this	this	DET
cjfa-37579	285	15	research	research	NOUN
cjfa-37579	285	16	:	:	PUNCT
cjfa-37579	285	17	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	285	18	�	�	PROPN
cjfa-37579	285	19	�	�	PROPN
cjfa-37579	285	20	�	�	PROPN
cjfa-37579	285	21	=	=	SYM
cjfa-37579	285	22	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	285	23	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	285	24	�	�	PROPN
cjfa-37579	285	25	�	�	PROPN
cjfa-37579	285	26	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	285	27	�	�	PROPN
cjfa-37579	285	28	�	�	PROPN
cjfa-37579	285	29	�	�	PROPN
cjfa-37579	285	30	�	�	PROPN
cjfa-37579	285	31	�	�	PROPN
cjfa-37579	285	32	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	285	33	�	�	PROPN
cjfa-37579	285	34	�	�	PROPN
cjfa-37579	285	35	�	�	PROPN
cjfa-37579	285	36	cross	cross	NOUN
cjfa-37579	285	37	-	-	NOUN
cjfa-37579	285	38	section	section	ADJ
cjfa-37579	285	39	mean	mean	NOUN
cjfa-37579	285	40	return	return	NOUN
cjfa-37579	285	41	equation	equation	NOUN
cjfa-37579	285	42	for	for	ADP
cjfa-37579	285	43	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	285	44	�	�	PROPN
cjfa-37579	285	45	�	�	PROPN
cjfa-37579	285	46	�	�	PROPN
cjfa-37579	285	47	(	(	PUNCT
cjfa-37579	285	48	7	7	NUM
cjfa-37579	285	49	)	)	PUNCT
cjfa-37579	285	50	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	285	51	�	�	PROPN
cjfa-37579	285	52	�	�	PROPN
cjfa-37579	285	53	�	�	PROPN
cjfa-37579	285	54	=	=	PUNCT
cjfa-37579	285	55	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	285	56	𝐶	𝐶	PROPN
cjfa-37579	285	57	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	285	58	�	�	PROPN
cjfa-37579	285	59	�	�	PROPN
cjfa-37579	285	60	�	�	PROPN
cjfa-37579	285	61	�	�	PROPN
cjfa-37579	285	62	�	�	PROPN
cjfa-37579	285	63	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	285	64	𝐶𝛽𝛽𝜎𝜎	𝐶𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	285	65	�	�	PROPN
cjfa-37579	285	66	�	�	PROPN
cjfa-37579	285	67	�	�	PROPN
cjfa-37579	285	68	�	�	PROPN
cjfa-37579	285	69	�	�	PROPN
cjfa-37579	285	70	cross	cross	NOUN
cjfa-37579	285	71	-	-	ADJ
cjfa-37579	285	72	section	section	ADJ
cjfa-37579	285	73	variance	variance	NOUN
cjfa-37579	285	74	of	of	ADP
cjfa-37579	285	75	return	return	NOUN
cjfa-37579	285	76	equation	equation	NOUN
cjfa-37579	285	77	(	(	PUNCT
cjfa-37579	285	78	8)	8)	NUM
cjfa-37579	285	79	where	where	SCONJ
cjfa-37579	285	80	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	285	81	�	�	PROPN
cjfa-37579	285	82	�	�	PROPN
cjfa-37579	285	83	�	�	PROPN
cjfa-37579	285	84	represents	represent	VERB
cjfa-37579	285	85	the	the	DET
cjfa-37579	285	86	cross	cross	ADJ
cjfa-37579	285	87	-	-	ADJ
cjfa-37579	285	88	section	section	ADJ
cjfa-37579	285	89	return	return	NOUN
cjfa-37579	285	90	variance	variance	NOUN
cjfa-37579	285	91	(	(	PUNCT
cjfa-37579	285	92	error	error	NOUN
cjfa-37579	285	93	term	term	NOUN
cjfa-37579	285	94	from	from	ADP
cjfa-37579	285	95	the	the	DET
cjfa-37579	285	96	mean	mean	ADJ
cjfa-37579	285	97	return	return	NOUN
cjfa-37579	285	98	equation	equation	NOUN
cjfa-37579	285	99	)	)	PUNCT
cjfa-37579	285	100	is	be	AUX
cjfa-37579	285	101	determined	determine	VERB
cjfa-37579	285	102	by	by	ADP
cjfa-37579	285	103	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	285	104	representing	represent	VERB
cjfa-37579	285	105	the	the	DET
cjfa-37579	285	106	constant	constant	ADJ
cjfa-37579	285	107	,	,	PUNCT
cjfa-37579	285	108	𝛼𝛼	𝛼𝛼	AUX
cjfa-37579	285	109	�	�	PROPN
cjfa-37579	285	110	�	�	PROPN
cjfa-37579	285	111	�	�	PROPN
cjfa-37579	285	112	�	�	PROPN
cjfa-37579	285	113	�	�	PROPN
cjfa-37579	285	114	representing	represent	VERB
cjfa-37579	285	115	the	the	DET
cjfa-37579	285	116	arch	arch	ADJ
cjfa-37579	285	117	term	term	NOUN
cjfa-37579	285	118	showing	show	VERB
cjfa-37579	285	119	the	the	DET
cjfa-37579	285	120	past	past	ADJ
cjfa-37579	285	121	period	period	NOUN
cjfa-37579	285	122	’s	’s	PART
cjfa-37579	285	123	cross	cross	NOUN
cjfa-37579	285	124	-	-	ADJ
cjfa-37579	285	125	section	section	ADJ
cjfa-37579	285	126	squared	square	VERB
cjfa-37579	285	127	error	error	NOUN
cjfa-37579	285	128	term	term	NOUN
cjfa-37579	285	129	derived	derive	VERB
cjfa-37579	285	130	from	from	ADP
cjfa-37579	285	131	the	the	DET
cjfa-37579	285	132	mean	mean	ADJ
cjfa-37579	285	133	return	return	NOUN
cjfa-37579	285	134	equation	equation	NOUN
cjfa-37579	285	135	and	and	CCONJ
cjfa-37579	285	136	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	285	137	�	�	PROPN
cjfa-37579	285	138	�	�	PROPN
cjfa-37579	285	139	�	�	PROPN
cjfa-37579	285	140	�	�	PROPN
cjfa-37579	285	141	�	�	PROPN
cjfa-37579	285	142	representing	represent	VERB
cjfa-37579	285	143	the	the	DET
cjfa-37579	285	144	garch	garch	NOUN
cjfa-37579	285	145	term	term	NOUN
cjfa-37579	285	146	showing	show	VERB
cjfa-37579	285	147	the	the	DET
cjfa-37579	285	148	past	past	ADJ
cjfa-37579	285	149	period	period	NOUN
cjfa-37579	285	150	’s	’s	PART
cjfa-37579	285	151	cross	cross	ADJ
cjfa-37579	285	152	-	-	ADJ
cjfa-37579	285	153	section	section	ADJ
cjfa-37579	285	154	variance	variance	NOUN
cjfa-37579	285	155	of	of	ADP
cjfa-37579	285	156	the	the	DET
cjfa-37579	285	157	return	return	NOUN
cjfa-37579	285	158	.	.	PUNCT
cjfa-37579	286	1	risk	risk	NOUN
cjfa-37579	286	2	-	-	PUNCT
cjfa-37579	286	3	return	return	NOUN
cjfa-37579	286	4	during	during	ADP
cjfa-37579	286	5	covid-19	covid-19	PROPN
cjfa-37579	286	6	the	the	DET
cjfa-37579	286	7	panel	panel	NOUN
cjfa-37579	286	8	garch	garch	NOUN
cjfa-37579	286	9	-	-	PUNCT
cjfa-37579	286	10	in	in	ADP
cjfa-37579	286	11	-	-	PUNCT
cjfa-37579	286	12	mean	mean	NOUN
cjfa-37579	286	13	(	(	PUNCT
cjfa-37579	286	14	garch	garch	NOUN
cjfa-37579	286	15	-	-	PUNCT
cjfa-37579	286	16	m	m	NOUN
cjfa-37579	286	17	)	)	PUNCT
cjfa-37579	286	18	model	model	NOUN
cjfa-37579	286	19	used	use	VERB
cjfa-37579	286	20	to	to	PART
cjfa-37579	286	21	measure	measure	VERB
cjfa-37579	286	22	the	the	DET
cjfa-37579	286	23	risk	risk	NOUN
cjfa-37579	286	24	-	-	PUNCT
cjfa-37579	286	25	return	return	NOUN
cjfa-37579	286	26	relationship	relationship	NOUN
cjfa-37579	286	27	was	be	AUX
cjfa-37579	286	28	as	as	SCONJ
cjfa-37579	286	29	follows	follow	VERB
cjfa-37579	286	30	:	:	PUNCT
cjfa-37579	286	31	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	286	32	�	�	PROPN
cjfa-37579	286	33	�	�	PROPN
cjfa-37579	286	34	�	�	PROPN
cjfa-37579	286	35	=	=	PUNCT
cjfa-37579	286	36	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	286	37	𝐶	𝐶	PROPN
cjfa-37579	286	38	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	286	39	�	�	PROPN
cjfa-37579	286	40	�	�	PROPN
cjfa-37579	286	41	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	286	42	�	�	PROPN
cjfa-37579	286	43	�	�	PROPN
cjfa-37579	286	44	)	)	PUNCT
cjfa-37579	286	45	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	286	46	�	�	PROPN
cjfa-37579	286	47	�	�	PROPN
cjfa-37579	286	48	�	�	PROPN
cjfa-37579	286	49	(	(	PUNCT
cjfa-37579	286	50	9	9	NUM
cjfa-37579	286	51	)	)	PUNCT
cjfa-37579	286	52	where	where	SCONJ
cjfa-37579	286	53	𝑔𝑔𝑔.	𝑔𝑔𝑔.	NOUN
cjfa-37579	286	54	)	)	PUNCT
cjfa-37579	286	55	is	be	AUX
cjfa-37579	286	56	the	the	DET
cjfa-37579	286	57	arbitrary	arbitrary	ADJ
cjfa-37579	286	58	volatility	volatility	NOUN
cjfa-37579	286	59	function	function	NOUN
cjfa-37579	286	60	of	of	ADP
cjfa-37579	286	61	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	286	62	�	�	PROPN
cjfa-37579	286	63	�	�	PROPN
cjfa-37579	286	64	,	,	PUNCT
cjfa-37579	286	65	the	the	DET
cjfa-37579	286	66	cross	cross	ADJ
cjfa-37579	286	67	-	-	ADJ
cjfa-37579	286	68	section	section	ADJ
cjfa-37579	286	69	garch	garch	NOUN
cjfa-37579	286	70	-	-	PUNCT
cjfa-37579	286	71	m	m	PROPN
cjfa-37579	286	72	was	be	AUX
cjfa-37579	286	73	specified	specify	VERB
cjfa-37579	286	74	with	with	ADP
cjfa-37579	286	75	cross	cross	ADJ
cjfa-37579	286	76	-	-	ADJ
cjfa-37579	286	77	section	section	ADJ
cjfa-37579	286	78	garch	garch	NOUN
cjfa-37579	286	79	conditional	conditional	ADJ
cjfa-37579	286	80	variance	variance	NOUN
cjfa-37579	286	81	specification	specification	NOUN
cjfa-37579	286	82	and	and	CCONJ
cjfa-37579	286	83	the	the	DET
cjfa-37579	286	84	function	function	NOUN
cjfa-37579	286	85	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	286	86	�	�	PROPN
cjfa-37579	286	87	�	�	PROPN
cjfa-37579	286	88	)	)	PUNCT
cjfa-37579	286	89	is	be	AUX
cjfa-37579	286	90	the	the	DET
cjfa-37579	286	91	standard	standard	ADJ
cjfa-37579	286	92	deviation	deviation	NOUN
cjfa-37579	286	93	in	in	ADP
cjfa-37579	286	94	mean	mean	NOUN
cjfa-37579	286	95	(	(	PUNCT
cjfa-37579	286	96	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	286	97	�	�	PROPN
cjfa-37579	286	98	�	�	PROPN
cjfa-37579	286	99	)	)	PUNCT
cjfa-37579	286	100	.	.	PUNCT
cjfa-37579	287	1	positive	positive	ADJ
cjfa-37579	287	2	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	287	3	�	�	PROPN
cjfa-37579	287	4	�	�	PROPN
cjfa-37579	287	5	indicates	indicate	VERB
cjfa-37579	287	6	higher	high	ADJ
cjfa-37579	287	7	risk	risk	NOUN
cjfa-37579	287	8	leading	lead	VERB
cjfa-37579	287	9	to	to	ADP
cjfa-37579	287	10	higher	high	ADJ
cjfa-37579	287	11	average	average	ADJ
cjfa-37579	287	12	return	return	NOUN
cjfa-37579	287	13	and	and	CCONJ
cjfa-37579	287	14	vice	vice	NOUN
cjfa-37579	287	15	versa	versa	ADV
cjfa-37579	287	16	.	.	PUNCT
cjfa-37579	288	1	the	the	DET
cjfa-37579	288	2	a	a	DET
cjfa-37579	288	3	priori	priori	ADJ
cjfa-37579	288	4	expectation	expectation	NOUN
cjfa-37579	288	5	of	of	ADP
cjfa-37579	288	6	garch	garch	NOUN
cjfa-37579	288	7	-	-	PUNCT
cjfa-37579	288	8	in	in	ADP
cjfa-37579	288	9	-	-	PUNCT
cjfa-37579	288	10	mean	mean	NOUN
cjfa-37579	288	11	is	be	AUX
cjfa-37579	288	12	0	0	NUM
cjfa-37579	288	13	>	>	PUNCT
cjfa-37579	288	14	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	288	15	�	�	PROPN
cjfa-37579	288	16	�	�	PROPN
cjfa-37579	288	17	>	>	X
cjfa-37579	288	18	0	0	PROPN
cjfa-37579	288	19	,	,	PUNCT
cjfa-37579	288	20	indicating	indicate	VERB
cjfa-37579	288	21	that	that	SCONJ
cjfa-37579	288	22	the	the	DET
cjfa-37579	288	23	risk	risk	NOUN
cjfa-37579	288	24	-	-	PUNCT
cjfa-37579	288	25	return	return	NOUN
cjfa-37579	288	26	relationship	relationship	NOUN
cjfa-37579	288	27	can	can	AUX
cjfa-37579	288	28	be	be	AUX
cjfa-37579	288	29	positive	positive	ADJ
cjfa-37579	288	30	or	or	CCONJ
cjfa-37579	288	31	negative	negative	ADJ
cjfa-37579	288	32	.	.	PUNCT
cjfa-37579	289	1	good	good	ADJ
cjfa-37579	289	2	and	and	CCONJ
cjfa-37579	289	3	bad	bad	ADJ
cjfa-37579	289	4	news	news	NOUN
cjfa-37579	289	5	during	during	ADP
cjfa-37579	289	6	covid-19	covid-19	PROPN
cjfa-37579	289	7	threshold	threshold	NOUN
cjfa-37579	289	8	garch	garch	NOUN
cjfa-37579	289	9	(	(	PUNCT
cjfa-37579	289	10	tgarch	tgarch	NOUN
cjfa-37579	289	11	/	/	SYM
cjfa-37579	289	12	tarch	tarch	NOUN
cjfa-37579	289	13	)	)	PUNCT
cjfa-37579	289	14	permits	permit	VERB
cjfa-37579	289	15	asymmetric	asymmetric	ADJ
cjfa-37579	289	16	effect	effect	NOUN
cjfa-37579	289	17	between	between	ADP
cjfa-37579	289	18	positive	positive	ADJ
cjfa-37579	289	19	and	and	CCONJ
cjfa-37579	289	20	negative	negative	ADJ
cjfa-37579	289	21	news	news	NOUN
cjfa-37579	289	22	on	on	ADP
cjfa-37579	289	23	cross	cross	ADJ
cjfa-37579	289	24	-	-	ADJ
cjfa-37579	289	25	section	section	ADJ
cjfa-37579	289	26	stock	stock	NOUN
cjfa-37579	289	27	returns	return	NOUN
cjfa-37579	289	28	with	with	ADP
cjfa-37579	289	29	general	general	ADJ
cjfa-37579	289	30	description	description	NOUN
cjfa-37579	289	31	stated	state	VERB
cjfa-37579	289	32	below:𝐶𝜎𝜎	below:𝐶𝜎𝜎	PROPN
cjfa-37579	289	33	�	�	PROPN
cjfa-37579	289	34	�	�	PROPN
cjfa-37579	289	35	�	�	PROPN
cjfa-37579	289	36	=	=	PUNCT
cjfa-37579	289	37	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	289	38	+	+	CCONJ
cjfa-37579	289	39	∑	∑	PROPN
cjfa-37579	289	40	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	289	41	�	�	PROPN
cjfa-37579	289	42	�	�	PROPN
cjfa-37579	289	43	�	�	PROPN
cjfa-37579	289	44	�	�	PROPN
cjfa-37579	289	45	�	�	PROPN
cjfa-37579	289	46	�	�	PROPN
cjfa-37579	289	47	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	289	48	�	�	PROPN
cjfa-37579	289	49	�	�	PROPN
cjfa-37579	289	50	�	�	PROPN
cjfa-37579	289	51	�	�	PROPN
cjfa-37579	289	52	�	�	PROPN
cjfa-37579	290	1	+	+	CCONJ
cjfa-37579	290	2	∑	∑	PROPN
cjfa-37579	290	3	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	290	4	�	�	PROPN
cjfa-37579	290	5	�	�	PROPN
cjfa-37579	290	6	�	�	PROPN
cjfa-37579	290	7	�	�	PROPN
cjfa-37579	290	8	�	�	PROPN
cjfa-37579	290	9	�	�	PROPN
cjfa-37579	290	10	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	290	11	�	�	PROPN
cjfa-37579	290	12	�	�	PROPN
cjfa-37579	290	13	�	�	PROPN
cjfa-37579	290	14	�	�	PROPN
cjfa-37579	290	15	�	�	PROPN
cjfa-37579	290	16	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	290	17	�	�	PROPN
cjfa-37579	290	18	�	�	PROPN
cjfa-37579	290	19	�	�	PROPN
cjfa-37579	290	20	�	�	PROPN
cjfa-37579	290	21	+	+	CCONJ
cjfa-37579	290	22	∑	∑	PROPN
cjfa-37579	290	23	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	290	24	�	�	PROPN
cjfa-37579	290	25	�	�	PROPN
cjfa-37579	290	26	�	�	PROPN
cjfa-37579	290	27	�	�	PROPN
cjfa-37579	290	28	�	�	PROPN
cjfa-37579	290	29	�	�	PROPN
cjfa-37579	290	30	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	290	31	�	�	PROPN
cjfa-37579	290	32	�	�	PROPN
cjfa-37579	290	33	�	�	PROPN
cjfa-37579	290	34	�	�	PROPN
cjfa-37579	290	35	�	�	PROPN
cjfa-37579	290	36	(	(	PUNCT
cjfa-37579	290	37	10	10	NUM
cjfa-37579	290	38	)	)	PUNCT
cjfa-37579	290	39	and	and	CCONJ
cjfa-37579	290	40	estimates	estimate	NOUN
cjfa-37579	290	41	of	of	ADP
cjfa-37579	290	42	the	the	DET
cjfa-37579	290	43	previous	previous	ADJ
cjfa-37579	290	44	period	period	NOUN
cjfa-37579	290	45	’s	’s	PART
cjfa-37579	290	46	return	return	NOUN
cjfa-37579	290	47	variance	variance	NOUN
cjfa-37579	290	48	(	(	PUNCT
cjfa-37579	290	49	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	290	50	�	�	PROPN
cjfa-37579	290	51	�	�	PROPN
cjfa-37579	290	52	)	)	PUNCT
cjfa-37579	290	53	is	be	AUX
cjfa-37579	290	54	determined	determine	VERB
cjfa-37579	290	55	by	by	ADP
cjfa-37579	290	56	a	a	DET
cjfa-37579	290	57	constant	constant	ADJ
cjfa-37579	290	58	(	(	PUNCT
cjfa-37579	290	59	𝜔𝜔	𝜔𝜔	NOUN
cjfa-37579	290	60	)	)	PUNCT
cjfa-37579	290	61	,	,	PUNCT
cjfa-37579	290	62	estimates	estimate	NOUN
cjfa-37579	290	63	of	of	ADP
cjfa-37579	290	64	the	the	DET
cjfa-37579	290	65	previous	previous	ADJ
cjfa-37579	290	66	period	period	NOUN
cjfa-37579	290	67	’s	’s	PART
cjfa-37579	290	68	squared	square	VERB
cjfa-37579	290	69	residual	residual	ADJ
cjfa-37579	290	70	of	of	ADP
cjfa-37579	290	71	the	the	DET
cjfa-37579	290	72	mean	mean	ADJ
cjfa-37579	290	73	return	return	NOUN
cjfa-37579	290	74	equation	equation	NOUN
cjfa-37579	290	75	(	(	PUNCT
cjfa-37579	290	76	∑	∑	PART
cjfa-37579	290	77	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	290	78	�	�	PROPN
cjfa-37579	290	79	�	�	PROPN
cjfa-37579	290	80	�	�	PROPN
cjfa-37579	290	81	�	�	PROPN
cjfa-37579	290	82	�	�	PROPN
cjfa-37579	290	83	�	�	PROPN
cjfa-37579	290	84	�	�	PROPN
cjfa-37579	290	85	�	�	PROPN
cjfa-37579	290	86	)	)	PUNCT
cjfa-37579	290	87	and	and	CCONJ
cjfa-37579	290	88	estimates	estimate	NOUN
cjfa-37579	290	89	of	of	ADP
cjfa-37579	290	90	the	the	DET
cjfa-37579	290	91	previous	previous	ADJ
cjfa-37579	290	92	period	period	NOUN
cjfa-37579	290	93	’s	’s	PART
cjfa-37579	290	94	return	return	NOUN
cjfa-37579	290	95	variance	variance	NOUN
cjfa-37579	290	96	(	(	PUNCT
cjfa-37579	290	97	∑	∑	PROPN
cjfa-37579	290	98	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	290	99	�	�	PROPN
cjfa-37579	290	100	�	�	PROPN
cjfa-37579	290	101	�	�	PROPN
cjfa-37579	290	102	�	�	PROPN
cjfa-37579	290	103	�	�	PROPN
cjfa-37579	290	104	�	�	PROPN
cjfa-37579	290	105	�	�	PROPN
cjfa-37579	290	106	�	�	PROPN
cjfa-37579	290	107	)	)	PUNCT
cjfa-37579	290	108	.	.	PUNCT
cjfa-37579	291	1	model	model	NOUN
cjfa-37579	291	2	specification	specification	NOUN
cjfa-37579	291	3	this	this	DET
cjfa-37579	291	4	study	study	NOUN
cjfa-37579	291	5	examined	examine	VERB
cjfa-37579	291	6	the	the	DET
cjfa-37579	291	7	risk	risk	NOUN
cjfa-37579	291	8	-	-	PUNCT
cjfa-37579	291	9	return	return	NOUN
cjfa-37579	291	10	relationship	relationship	NOUN
cjfa-37579	291	11	of	of	ADP
cjfa-37579	291	12	returns	return	NOUN
cjfa-37579	291	13	and	and	CCONJ
cjfa-37579	291	14	evaluates	evaluate	VERB
cjfa-37579	291	15	good	good	ADJ
cjfa-37579	291	16	and	and	CCONJ
cjfa-37579	291	17	bad	bad	ADJ
cjfa-37579	291	18	news	news	NOUN
cjfa-37579	291	19	during	during	ADP
cjfa-37579	291	20	covid-19	covid-19	PROPN
cjfa-37579	291	21	.	.	PUNCT
cjfa-37579	292	1	variant	variant	ADJ
cjfa-37579	292	2	auto	auto	NOUN
cjfa-37579	292	3	-	-	PUNCT
cjfa-37579	292	4	regressive	regressive	ADJ
cjfa-37579	292	5	conditional	conditional	ADJ
cjfa-37579	292	6	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	292	7	(	(	PUNCT
cjfa-37579	292	8	arch	arch	ADJ
cjfa-37579	292	9	)	)	PUNCT
cjfa-37579	292	10	models	model	NOUN
cjfa-37579	292	11	were	be	AUX
cjfa-37579	292	12	used	use	VERB
cjfa-37579	292	13	to	to	PART
cjfa-37579	292	14	achieve	achieve	VERB
cjfa-37579	292	15	the	the	DET
cjfa-37579	292	16	purpose	purpose	NOUN
cjfa-37579	292	17	of	of	ADP
cjfa-37579	292	18	the	the	DET
cjfa-37579	292	19	study	study	NOUN
cjfa-37579	292	20	under	under	ADP
cjfa-37579	292	21	three	three	NUM
cjfa-37579	292	22	(	(	PUNCT
cjfa-37579	292	23	3	3	NUM
cjfa-37579	292	24	)	)	PUNCT
cjfa-37579	292	25	distributional	distributional	ADJ
cjfa-37579	292	26	assumptions	assumption	NOUN
cjfa-37579	292	27	.	.	PUNCT
cjfa-37579	293	1	the	the	DET
cjfa-37579	293	2	following	follow	VERB
cjfa-37579	293	3	is	be	AUX
cjfa-37579	293	4	the	the	DET
cjfa-37579	293	5	general	general	ADJ
cjfa-37579	293	6	form	form	NOUN
cjfa-37579	293	7	of	of	ADP
cjfa-37579	293	8	the	the	DET
cjfa-37579	293	9	panel	panel	NOUN
cjfa-37579	293	10	garch	garch	NOUN
cjfa-37579	293	11	model	model	NOUN
cjfa-37579	293	12	used	use	VERB
cjfa-37579	293	13	in	in	ADP
cjfa-37579	293	14	this	this	DET
cjfa-37579	293	15	research	research	NOUN
cjfa-37579	293	16	:	:	PUNCT
cjfa-37579	293	17	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	293	18	�	�	PROPN
cjfa-37579	293	19	�	�	PROPN
cjfa-37579	293	20	�	�	PROPN
cjfa-37579	293	21	=	=	SYM
cjfa-37579	293	22	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	293	23	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	293	24	�	�	PROPN
cjfa-37579	293	25	�	�	PROPN
cjfa-37579	293	26	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	293	27	�	�	PROPN
cjfa-37579	293	28	�	�	PROPN
cjfa-37579	293	29	�	�	PROPN
cjfa-37579	293	30	�	�	PROPN
cjfa-37579	293	31	�	�	PROPN
cjfa-37579	293	32	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	293	33	�	�	PROPN
cjfa-37579	293	34	�	�	PROPN
cjfa-37579	293	35	�	�	PROPN
cjfa-37579	293	36	cross	cross	NOUN
cjfa-37579	293	37	-	-	NOUN
cjfa-37579	293	38	section	section	ADJ
cjfa-37579	293	39	mean	mean	NOUN
cjfa-37579	293	40	return	return	NOUN
cjfa-37579	293	41	equation	equation	NOUN
cjfa-37579	293	42	for	for	ADP
cjfa-37579	293	43	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	293	44	�	�	PROPN
cjfa-37579	293	45	�	�	PROPN
cjfa-37579	293	46	�	�	PROPN
cjfa-37579	293	47	(	(	PUNCT
cjfa-37579	293	48	7	7	NUM
cjfa-37579	293	49	)	)	PUNCT
cjfa-37579	293	50	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	293	51	�	�	PROPN
cjfa-37579	293	52	�	�	PROPN
cjfa-37579	293	53	�	�	PROPN
cjfa-37579	293	54	=	=	PUNCT
cjfa-37579	293	55	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	293	56	𝐶	𝐶	PROPN
cjfa-37579	293	57	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	293	58	�	�	PROPN
cjfa-37579	293	59	�	�	PROPN
cjfa-37579	293	60	�	�	PROPN
cjfa-37579	293	61	�	�	PROPN
cjfa-37579	293	62	�	�	PROPN
cjfa-37579	293	63	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	293	64	𝐶𝛽𝛽𝜎𝜎	𝐶𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	293	65	�	�	PROPN
cjfa-37579	293	66	�	�	PROPN
cjfa-37579	293	67	�	�	PROPN
cjfa-37579	293	68	�	�	PROPN
cjfa-37579	293	69	�	�	PROPN
cjfa-37579	293	70	cross	cross	NOUN
cjfa-37579	293	71	-	-	ADJ
cjfa-37579	293	72	section	section	ADJ
cjfa-37579	293	73	variance	variance	NOUN
cjfa-37579	293	74	of	of	ADP
cjfa-37579	293	75	return	return	NOUN
cjfa-37579	293	76	equation	equation	NOUN
cjfa-37579	293	77	(	(	PUNCT
cjfa-37579	293	78	8)	8)	NUM
cjfa-37579	293	79	where	where	SCONJ
cjfa-37579	293	80	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	293	81	�	�	PROPN
cjfa-37579	293	82	�	�	PROPN
cjfa-37579	293	83	�	�	PROPN
cjfa-37579	293	84	represents	represent	VERB
cjfa-37579	293	85	the	the	DET
cjfa-37579	293	86	cross	cross	ADJ
cjfa-37579	293	87	-	-	ADJ
cjfa-37579	293	88	section	section	ADJ
cjfa-37579	293	89	return	return	NOUN
cjfa-37579	293	90	variance	variance	NOUN
cjfa-37579	293	91	(	(	PUNCT
cjfa-37579	293	92	error	error	NOUN
cjfa-37579	293	93	term	term	NOUN
cjfa-37579	293	94	from	from	ADP
cjfa-37579	293	95	the	the	DET
cjfa-37579	293	96	mean	mean	ADJ
cjfa-37579	293	97	return	return	NOUN
cjfa-37579	293	98	equation	equation	NOUN
cjfa-37579	293	99	)	)	PUNCT
cjfa-37579	293	100	is	be	AUX
cjfa-37579	293	101	determined	determine	VERB
cjfa-37579	293	102	by	by	ADP
cjfa-37579	293	103	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	293	104	representing	represent	VERB
cjfa-37579	293	105	the	the	DET
cjfa-37579	293	106	constant	constant	ADJ
cjfa-37579	293	107	,	,	PUNCT
cjfa-37579	293	108	𝛼𝛼	𝛼𝛼	AUX
cjfa-37579	293	109	�	�	PROPN
cjfa-37579	293	110	�	�	PROPN
cjfa-37579	293	111	�	�	PROPN
cjfa-37579	293	112	�	�	PROPN
cjfa-37579	293	113	�	�	PROPN
cjfa-37579	293	114	representing	represent	VERB
cjfa-37579	293	115	the	the	DET
cjfa-37579	293	116	arch	arch	ADJ
cjfa-37579	293	117	term	term	NOUN
cjfa-37579	293	118	showing	show	VERB
cjfa-37579	293	119	the	the	DET
cjfa-37579	293	120	past	past	ADJ
cjfa-37579	293	121	period	period	NOUN
cjfa-37579	293	122	’s	’s	PART
cjfa-37579	293	123	cross	cross	NOUN
cjfa-37579	293	124	-	-	ADJ
cjfa-37579	293	125	section	section	ADJ
cjfa-37579	293	126	squared	square	VERB
cjfa-37579	293	127	error	error	NOUN
cjfa-37579	293	128	term	term	NOUN
cjfa-37579	293	129	derived	derive	VERB
cjfa-37579	293	130	from	from	ADP
cjfa-37579	293	131	the	the	DET
cjfa-37579	293	132	mean	mean	ADJ
cjfa-37579	293	133	return	return	NOUN
cjfa-37579	293	134	equation	equation	NOUN
cjfa-37579	293	135	and	and	CCONJ
cjfa-37579	293	136	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	293	137	�	�	PROPN
cjfa-37579	293	138	�	�	PROPN
cjfa-37579	293	139	�	�	PROPN
cjfa-37579	293	140	�	�	PROPN
cjfa-37579	293	141	�	�	PROPN
cjfa-37579	293	142	representing	represent	VERB
cjfa-37579	293	143	the	the	DET
cjfa-37579	293	144	garch	garch	NOUN
cjfa-37579	293	145	term	term	NOUN
cjfa-37579	293	146	showing	show	VERB
cjfa-37579	293	147	the	the	DET
cjfa-37579	293	148	past	past	ADJ
cjfa-37579	293	149	period	period	NOUN
cjfa-37579	293	150	’s	’s	PART
cjfa-37579	293	151	cross	cross	ADJ
cjfa-37579	293	152	-	-	ADJ
cjfa-37579	293	153	section	section	ADJ
cjfa-37579	293	154	variance	variance	NOUN
cjfa-37579	293	155	of	of	ADP
cjfa-37579	293	156	the	the	DET
cjfa-37579	293	157	return	return	NOUN
cjfa-37579	293	158	.	.	PUNCT
cjfa-37579	294	1	risk	risk	NOUN
cjfa-37579	294	2	-	-	PUNCT
cjfa-37579	294	3	return	return	NOUN
cjfa-37579	294	4	during	during	ADP
cjfa-37579	294	5	covid-19	covid-19	PROPN
cjfa-37579	294	6	the	the	DET
cjfa-37579	294	7	panel	panel	NOUN
cjfa-37579	294	8	garch	garch	NOUN
cjfa-37579	294	9	-	-	PUNCT
cjfa-37579	294	10	in	in	ADP
cjfa-37579	294	11	-	-	PUNCT
cjfa-37579	294	12	mean	mean	NOUN
cjfa-37579	294	13	(	(	PUNCT
cjfa-37579	294	14	garch	garch	NOUN
cjfa-37579	294	15	-	-	PUNCT
cjfa-37579	294	16	m	m	NOUN
cjfa-37579	294	17	)	)	PUNCT
cjfa-37579	294	18	model	model	NOUN
cjfa-37579	294	19	used	use	VERB
cjfa-37579	294	20	to	to	PART
cjfa-37579	294	21	measure	measure	VERB
cjfa-37579	294	22	the	the	DET
cjfa-37579	294	23	risk	risk	NOUN
cjfa-37579	294	24	-	-	PUNCT
cjfa-37579	294	25	return	return	NOUN
cjfa-37579	294	26	relationship	relationship	NOUN
cjfa-37579	294	27	was	be	AUX
cjfa-37579	294	28	as	as	SCONJ
cjfa-37579	294	29	follows	follow	VERB
cjfa-37579	294	30	:	:	PUNCT
cjfa-37579	294	31	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	294	32	�	�	PROPN
cjfa-37579	294	33	�	�	PROPN
cjfa-37579	294	34	�	�	PROPN
cjfa-37579	294	35	=	=	PUNCT
cjfa-37579	294	36	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	294	37	𝐶	𝐶	PROPN
cjfa-37579	294	38	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	294	39	�	�	PROPN
cjfa-37579	294	40	�	�	PROPN
cjfa-37579	294	41	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	294	42	�	�	PROPN
cjfa-37579	294	43	�	�	PROPN
cjfa-37579	294	44	)	)	PUNCT
cjfa-37579	294	45	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	294	46	�	�	PROPN
cjfa-37579	294	47	�	�	PROPN
cjfa-37579	294	48	�	�	PROPN
cjfa-37579	294	49	(	(	PUNCT
cjfa-37579	294	50	9	9	NUM
cjfa-37579	294	51	)	)	PUNCT
cjfa-37579	294	52	where	where	SCONJ
cjfa-37579	294	53	𝑔𝑔𝑔.	𝑔𝑔𝑔.	NOUN
cjfa-37579	294	54	)	)	PUNCT
cjfa-37579	294	55	is	be	AUX
cjfa-37579	294	56	the	the	DET
cjfa-37579	294	57	arbitrary	arbitrary	ADJ
cjfa-37579	294	58	volatility	volatility	NOUN
cjfa-37579	294	59	function	function	NOUN
cjfa-37579	294	60	of	of	ADP
cjfa-37579	294	61	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	294	62	�	�	PROPN
cjfa-37579	294	63	�	�	PROPN
cjfa-37579	294	64	,	,	PUNCT
cjfa-37579	294	65	the	the	DET
cjfa-37579	294	66	cross	cross	ADJ
cjfa-37579	294	67	-	-	ADJ
cjfa-37579	294	68	section	section	ADJ
cjfa-37579	294	69	garch	garch	NOUN
cjfa-37579	294	70	-	-	PUNCT
cjfa-37579	294	71	m	m	PROPN
cjfa-37579	294	72	was	be	AUX
cjfa-37579	294	73	specified	specify	VERB
cjfa-37579	294	74	with	with	ADP
cjfa-37579	294	75	cross	cross	ADJ
cjfa-37579	294	76	-	-	ADJ
cjfa-37579	294	77	section	section	ADJ
cjfa-37579	294	78	garch	garch	NOUN
cjfa-37579	294	79	conditional	conditional	ADJ
cjfa-37579	294	80	variance	variance	NOUN
cjfa-37579	294	81	specification	specification	NOUN
cjfa-37579	294	82	and	and	CCONJ
cjfa-37579	294	83	the	the	DET
cjfa-37579	294	84	function	function	NOUN
cjfa-37579	294	85	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	294	86	�	�	PROPN
cjfa-37579	294	87	�	�	PROPN
cjfa-37579	294	88	)	)	PUNCT
cjfa-37579	294	89	is	be	AUX
cjfa-37579	294	90	the	the	DET
cjfa-37579	294	91	standard	standard	ADJ
cjfa-37579	294	92	deviation	deviation	NOUN
cjfa-37579	294	93	in	in	ADP
cjfa-37579	294	94	mean	mean	NOUN
cjfa-37579	294	95	(	(	PUNCT
cjfa-37579	294	96	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	294	97	�	�	PROPN
cjfa-37579	294	98	�	�	PROPN
cjfa-37579	294	99	)	)	PUNCT
cjfa-37579	294	100	.	.	PUNCT
cjfa-37579	295	1	positive	positive	ADJ
cjfa-37579	295	2	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	295	3	�	�	PROPN
cjfa-37579	295	4	�	�	PROPN
cjfa-37579	295	5	indicates	indicate	VERB
cjfa-37579	295	6	higher	high	ADJ
cjfa-37579	295	7	risk	risk	NOUN
cjfa-37579	295	8	leading	lead	VERB
cjfa-37579	295	9	to	to	ADP
cjfa-37579	295	10	higher	high	ADJ
cjfa-37579	295	11	average	average	ADJ
cjfa-37579	295	12	return	return	NOUN
cjfa-37579	295	13	and	and	CCONJ
cjfa-37579	295	14	vice	vice	NOUN
cjfa-37579	295	15	versa	versa	ADV
cjfa-37579	295	16	.	.	PUNCT
cjfa-37579	296	1	the	the	DET
cjfa-37579	296	2	a	a	DET
cjfa-37579	296	3	priori	priori	ADJ
cjfa-37579	296	4	expectation	expectation	NOUN
cjfa-37579	296	5	of	of	ADP
cjfa-37579	296	6	garch	garch	NOUN
cjfa-37579	296	7	-	-	PUNCT
cjfa-37579	296	8	in	in	ADP
cjfa-37579	296	9	-	-	PUNCT
cjfa-37579	296	10	mean	mean	NOUN
cjfa-37579	296	11	is	be	AUX
cjfa-37579	296	12	0	0	NUM
cjfa-37579	296	13	>	>	PUNCT
cjfa-37579	296	14	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	296	15	�	�	PROPN
cjfa-37579	296	16	�	�	PROPN
cjfa-37579	296	17	>	>	X
cjfa-37579	296	18	0	0	PROPN
cjfa-37579	296	19	,	,	PUNCT
cjfa-37579	296	20	indicating	indicate	VERB
cjfa-37579	296	21	that	that	SCONJ
cjfa-37579	296	22	the	the	DET
cjfa-37579	296	23	risk	risk	NOUN
cjfa-37579	296	24	-	-	PUNCT
cjfa-37579	296	25	return	return	NOUN
cjfa-37579	296	26	relationship	relationship	NOUN
cjfa-37579	296	27	can	can	AUX
cjfa-37579	296	28	be	be	AUX
cjfa-37579	296	29	positive	positive	ADJ
cjfa-37579	296	30	or	or	CCONJ
cjfa-37579	296	31	negative	negative	ADJ
cjfa-37579	296	32	.	.	PUNCT
cjfa-37579	297	1	good	good	ADJ
cjfa-37579	297	2	and	and	CCONJ
cjfa-37579	297	3	bad	bad	ADJ
cjfa-37579	297	4	news	news	NOUN
cjfa-37579	297	5	during	during	ADP
cjfa-37579	297	6	covid-19	covid-19	PROPN
cjfa-37579	297	7	threshold	threshold	NOUN
cjfa-37579	297	8	garch	garch	NOUN
cjfa-37579	297	9	(	(	PUNCT
cjfa-37579	297	10	tgarch	tgarch	NOUN
cjfa-37579	297	11	/	/	SYM
cjfa-37579	297	12	tarch	tarch	NOUN
cjfa-37579	297	13	)	)	PUNCT
cjfa-37579	297	14	permits	permit	VERB
cjfa-37579	297	15	asymmetric	asymmetric	ADJ
cjfa-37579	297	16	effect	effect	NOUN
cjfa-37579	297	17	between	between	ADP
cjfa-37579	297	18	positive	positive	ADJ
cjfa-37579	297	19	and	and	CCONJ
cjfa-37579	297	20	negative	negative	ADJ
cjfa-37579	297	21	news	news	NOUN
cjfa-37579	297	22	on	on	ADP
cjfa-37579	297	23	cross	cross	ADJ
cjfa-37579	297	24	-	-	ADJ
cjfa-37579	297	25	section	section	ADJ
cjfa-37579	297	26	stock	stock	NOUN
cjfa-37579	297	27	returns	return	NOUN
cjfa-37579	297	28	with	with	ADP
cjfa-37579	297	29	general	general	ADJ
cjfa-37579	297	30	description	description	NOUN
cjfa-37579	297	31	stated	state	VERB
cjfa-37579	297	32	below:𝐶𝜎𝜎	below:𝐶𝜎𝜎	PROPN
cjfa-37579	297	33	�	�	PROPN
cjfa-37579	297	34	�	�	PROPN
cjfa-37579	297	35	�	�	PROPN
cjfa-37579	297	36	=	=	PUNCT
cjfa-37579	297	37	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	297	38	+	+	CCONJ
cjfa-37579	297	39	∑	∑	PROPN
cjfa-37579	297	40	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	297	41	�	�	PROPN
cjfa-37579	297	42	�	�	PROPN
cjfa-37579	297	43	�	�	PROPN
cjfa-37579	297	44	�	�	PROPN
cjfa-37579	297	45	�	�	PROPN
cjfa-37579	297	46	�	�	PROPN
cjfa-37579	297	47	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	297	48	�	�	PROPN
cjfa-37579	297	49	�	�	PROPN
cjfa-37579	297	50	�	�	PROPN
cjfa-37579	297	51	�	�	PROPN
cjfa-37579	297	52	�	�	PROPN
cjfa-37579	298	1	+	+	CCONJ
cjfa-37579	298	2	∑	∑	PROPN
cjfa-37579	298	3	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	298	4	�	�	PROPN
cjfa-37579	298	5	�	�	PROPN
cjfa-37579	298	6	�	�	PROPN
cjfa-37579	298	7	�	�	PROPN
cjfa-37579	298	8	�	�	PROPN
cjfa-37579	298	9	�	�	PROPN
cjfa-37579	298	10	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	298	11	�	�	PROPN
cjfa-37579	298	12	�	�	PROPN
cjfa-37579	298	13	�	�	PROPN
cjfa-37579	298	14	�	�	PROPN
cjfa-37579	298	15	�	�	PROPN
cjfa-37579	298	16	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	298	17	�	�	PROPN
cjfa-37579	298	18	�	�	PROPN
cjfa-37579	298	19	�	�	PROPN
cjfa-37579	298	20	�	�	PROPN
cjfa-37579	298	21	+	+	CCONJ
cjfa-37579	298	22	∑	∑	PROPN
cjfa-37579	298	23	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	298	24	�	�	PROPN
cjfa-37579	298	25	�	�	PROPN
cjfa-37579	298	26	�	�	PROPN
cjfa-37579	298	27	�	�	PROPN
cjfa-37579	298	28	�	�	PROPN
cjfa-37579	298	29	�	�	PROPN
cjfa-37579	298	30	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	298	31	�	�	PROPN
cjfa-37579	298	32	�	�	PROPN
cjfa-37579	298	33	�	�	PROPN
cjfa-37579	298	34	�	�	PROPN
cjfa-37579	298	35	�	�	PROPN
cjfa-37579	298	36	(	(	PUNCT
cjfa-37579	298	37	10	10	NUM
cjfa-37579	298	38	)	)	PUNCT
cjfa-37579	298	39	model	model	NOUN
cjfa-37579	298	40	specification	specification	NOUN
cjfa-37579	298	41	this	this	DET
cjfa-37579	298	42	study	study	NOUN
cjfa-37579	298	43	examined	examine	VERB
cjfa-37579	298	44	the	the	DET
cjfa-37579	298	45	risk	risk	NOUN
cjfa-37579	298	46	-	-	PUNCT
cjfa-37579	298	47	return	return	NOUN
cjfa-37579	298	48	relationship	relationship	NOUN
cjfa-37579	298	49	of	of	ADP
cjfa-37579	298	50	returns	return	NOUN
cjfa-37579	298	51	and	and	CCONJ
cjfa-37579	298	52	evaluates	evaluate	VERB
cjfa-37579	298	53	good	good	ADJ
cjfa-37579	298	54	and	and	CCONJ
cjfa-37579	298	55	bad	bad	ADJ
cjfa-37579	298	56	news	news	NOUN
cjfa-37579	298	57	during	during	ADP
cjfa-37579	298	58	covid-19	covid-19	PROPN
cjfa-37579	298	59	.	.	PUNCT
cjfa-37579	299	1	variant	variant	ADJ
cjfa-37579	299	2	auto	auto	NOUN
cjfa-37579	299	3	-	-	PUNCT
cjfa-37579	299	4	regressive	regressive	ADJ
cjfa-37579	299	5	conditional	conditional	ADJ
cjfa-37579	299	6	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	299	7	(	(	PUNCT
cjfa-37579	299	8	arch	arch	ADJ
cjfa-37579	299	9	)	)	PUNCT
cjfa-37579	299	10	models	model	NOUN
cjfa-37579	299	11	were	be	AUX
cjfa-37579	299	12	used	use	VERB
cjfa-37579	299	13	to	to	PART
cjfa-37579	299	14	achieve	achieve	VERB
cjfa-37579	299	15	the	the	DET
cjfa-37579	299	16	purpose	purpose	NOUN
cjfa-37579	299	17	of	of	ADP
cjfa-37579	299	18	the	the	DET
cjfa-37579	299	19	study	study	NOUN
cjfa-37579	299	20	under	under	ADP
cjfa-37579	299	21	three	three	NUM
cjfa-37579	299	22	(	(	PUNCT
cjfa-37579	299	23	3	3	NUM
cjfa-37579	299	24	)	)	PUNCT
cjfa-37579	299	25	distributional	distributional	ADJ
cjfa-37579	299	26	assumptions	assumption	NOUN
cjfa-37579	299	27	.	.	PUNCT
cjfa-37579	300	1	the	the	DET
cjfa-37579	300	2	following	follow	VERB
cjfa-37579	300	3	is	be	AUX
cjfa-37579	300	4	the	the	DET
cjfa-37579	300	5	general	general	ADJ
cjfa-37579	300	6	form	form	NOUN
cjfa-37579	300	7	of	of	ADP
cjfa-37579	300	8	the	the	DET
cjfa-37579	300	9	panel	panel	NOUN
cjfa-37579	300	10	garch	garch	NOUN
cjfa-37579	300	11	model	model	NOUN
cjfa-37579	300	12	used	use	VERB
cjfa-37579	300	13	in	in	ADP
cjfa-37579	300	14	this	this	DET
cjfa-37579	300	15	research	research	NOUN
cjfa-37579	300	16	:	:	PUNCT
cjfa-37579	300	17	(	(	PUNCT
cjfa-37579	300	18	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	300	19	�	�	PROPN
cjfa-37579	300	20	�	�	PROPN
cjfa-37579	300	21	)	)	PUNCT
cjfa-37579	300	22	is	be	AUX
cjfa-37579	300	23	determined	determine	VERB
cjfa-37579	300	24	by	by	ADP
cjfa-37579	300	25	a	a	DET
cjfa-37579	300	26	constant	constant	ADJ
cjfa-37579	300	27	(	(	PUNCT
cjfa-37579	300	28	𝜔𝜔	𝜔𝜔	NOUN
cjfa-37579	300	29	)	)	PUNCT
cjfa-37579	300	30	,	,	PUNCT
cjfa-37579	300	31	estimates	estimate	NOUN
cjfa-37579	300	32	of	of	ADP
cjfa-37579	300	33	the	the	DET
cjfa-37579	300	34	previous	previous	ADJ
cjfa-37579	300	35	period	period	NOUN
cjfa-37579	300	36	’s	’s	PART
cjfa-37579	300	37	squared	square	VERB
cjfa-37579	300	38	residual	residual	ADJ
cjfa-37579	300	39	of	of	ADP
cjfa-37579	300	40	the	the	DET
cjfa-37579	300	41	mean	mean	ADJ
cjfa-37579	300	42	return	return	NOUN
cjfa-37579	300	43	equation	equation	NOUN
cjfa-37579	300	44	(	(	PUNCT
cjfa-37579	300	45	∑	∑	PART
cjfa-37579	300	46	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	300	47	�	�	PROPN
cjfa-37579	300	48	�	�	PROPN
cjfa-37579	300	49	�	�	PROPN
cjfa-37579	300	50	�	�	PROPN
cjfa-37579	300	51	�	�	PROPN
cjfa-37579	300	52	�	�	PROPN
cjfa-37579	300	53	�	�	PROPN
cjfa-37579	300	54	�	�	PROPN
cjfa-37579	300	55	)	)	PUNCT
cjfa-37579	300	56	and	and	CCONJ
cjfa-37579	300	57	estimates	estimate	NOUN
cjfa-37579	300	58	of	of	ADP
cjfa-37579	300	59	the	the	DET
cjfa-37579	300	60	previous	previous	ADJ
cjfa-37579	300	61	period	period	NOUN
cjfa-37579	300	62	’s	’s	PART
cjfa-37579	300	63	return	return	NOUN
cjfa-37579	300	64	variance	variance	NOUN
cjfa-37579	300	65	(	(	PUNCT
cjfa-37579	300	66	∑	∑	PROPN
cjfa-37579	300	67	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	300	68	�	�	PROPN
cjfa-37579	300	69	�	�	PROPN
cjfa-37579	300	70	�	�	PROPN
cjfa-37579	300	71	�	�	PROPN
cjfa-37579	300	72	�	�	PROPN
cjfa-37579	300	73	�	�	PROPN
cjfa-37579	300	74	�	�	PROPN
cjfa-37579	300	75	�	�	PROPN
cjfa-37579	300	76	)	)	PUNCT
cjfa-37579	300	77	.	.	PUNCT
cjfa-37579	301	1	model	model	NOUN
cjfa-37579	301	2	specification	specification	NOUN
cjfa-37579	301	3	this	this	DET
cjfa-37579	301	4	study	study	NOUN
cjfa-37579	301	5	examined	examine	VERB
cjfa-37579	301	6	the	the	DET
cjfa-37579	301	7	risk	risk	NOUN
cjfa-37579	301	8	-	-	PUNCT
cjfa-37579	301	9	return	return	NOUN
cjfa-37579	301	10	relationship	relationship	NOUN
cjfa-37579	301	11	of	of	ADP
cjfa-37579	301	12	returns	return	NOUN
cjfa-37579	301	13	and	and	CCONJ
cjfa-37579	301	14	evaluates	evaluate	VERB
cjfa-37579	301	15	good	good	ADJ
cjfa-37579	301	16	and	and	CCONJ
cjfa-37579	301	17	bad	bad	ADJ
cjfa-37579	301	18	news	news	NOUN
cjfa-37579	301	19	during	during	ADP
cjfa-37579	301	20	covid-19	covid-19	PROPN
cjfa-37579	301	21	.	.	PUNCT
cjfa-37579	302	1	variant	variant	ADJ
cjfa-37579	302	2	auto	auto	NOUN
cjfa-37579	302	3	-	-	PUNCT
cjfa-37579	302	4	regressive	regressive	ADJ
cjfa-37579	302	5	conditional	conditional	ADJ
cjfa-37579	302	6	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	302	7	(	(	PUNCT
cjfa-37579	302	8	arch	arch	ADJ
cjfa-37579	302	9	)	)	PUNCT
cjfa-37579	302	10	models	model	NOUN
cjfa-37579	302	11	were	be	AUX
cjfa-37579	302	12	used	use	VERB
cjfa-37579	302	13	to	to	PART
cjfa-37579	302	14	achieve	achieve	VERB
cjfa-37579	302	15	the	the	DET
cjfa-37579	302	16	purpose	purpose	NOUN
cjfa-37579	302	17	of	of	ADP
cjfa-37579	302	18	the	the	DET
cjfa-37579	302	19	study	study	NOUN
cjfa-37579	302	20	under	under	ADP
cjfa-37579	302	21	three	three	NUM
cjfa-37579	302	22	(	(	PUNCT
cjfa-37579	302	23	3	3	NUM
cjfa-37579	302	24	)	)	PUNCT
cjfa-37579	302	25	distributional	distributional	ADJ
cjfa-37579	302	26	assumptions	assumption	NOUN
cjfa-37579	302	27	.	.	PUNCT
cjfa-37579	303	1	the	the	DET
cjfa-37579	303	2	following	follow	VERB
cjfa-37579	303	3	is	be	AUX
cjfa-37579	303	4	the	the	DET
cjfa-37579	303	5	general	general	ADJ
cjfa-37579	303	6	form	form	NOUN
cjfa-37579	303	7	of	of	ADP
cjfa-37579	303	8	the	the	DET
cjfa-37579	303	9	panel	panel	NOUN
cjfa-37579	303	10	garch	garch	NOUN
cjfa-37579	303	11	model	model	NOUN
cjfa-37579	303	12	used	use	VERB
cjfa-37579	303	13	in	in	ADP
cjfa-37579	303	14	this	this	DET
cjfa-37579	303	15	research	research	NOUN
cjfa-37579	303	16	:	:	PUNCT
cjfa-37579	303	17	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	303	18	�	�	PROPN
cjfa-37579	303	19	�	�	PROPN
cjfa-37579	303	20	�	�	PROPN
cjfa-37579	303	21	=	=	SYM
cjfa-37579	303	22	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	303	23	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	303	24	�	�	PROPN
cjfa-37579	303	25	�	�	PROPN
cjfa-37579	303	26	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	303	27	�	�	PROPN
cjfa-37579	303	28	�	�	PROPN
cjfa-37579	303	29	�	�	PROPN
cjfa-37579	303	30	�	�	PROPN
cjfa-37579	303	31	�	�	PROPN
cjfa-37579	303	32	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	303	33	�	�	PROPN
cjfa-37579	303	34	�	�	PROPN
cjfa-37579	303	35	�	�	PROPN
cjfa-37579	303	36	cross	cross	NOUN
cjfa-37579	303	37	-	-	NOUN
cjfa-37579	303	38	section	section	ADJ
cjfa-37579	303	39	mean	mean	NOUN
cjfa-37579	303	40	return	return	NOUN
cjfa-37579	303	41	equation	equation	NOUN
cjfa-37579	303	42	for	for	ADP
cjfa-37579	303	43	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	303	44	�	�	PROPN
cjfa-37579	303	45	�	�	PROPN
cjfa-37579	303	46	�	�	PROPN
cjfa-37579	303	47	(	(	PUNCT
cjfa-37579	303	48	7	7	NUM
cjfa-37579	303	49	)	)	PUNCT
cjfa-37579	303	50	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	303	51	�	�	PROPN
cjfa-37579	303	52	�	�	PROPN
cjfa-37579	303	53	�	�	PROPN
cjfa-37579	303	54	=	=	PUNCT
cjfa-37579	303	55	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	303	56	𝐶	𝐶	PROPN
cjfa-37579	303	57	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	303	58	�	�	PROPN
cjfa-37579	303	59	�	�	PROPN
cjfa-37579	303	60	�	�	PROPN
cjfa-37579	303	61	�	�	PROPN
cjfa-37579	303	62	�	�	PROPN
cjfa-37579	303	63	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	303	64	𝐶𝛽𝛽𝜎𝜎	𝐶𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	303	65	�	�	PROPN
cjfa-37579	303	66	�	�	PROPN
cjfa-37579	303	67	�	�	PROPN
cjfa-37579	303	68	�	�	PROPN
cjfa-37579	303	69	�	�	PROPN
cjfa-37579	303	70	cross	cross	NOUN
cjfa-37579	303	71	-	-	ADJ
cjfa-37579	303	72	section	section	ADJ
cjfa-37579	303	73	variance	variance	NOUN
cjfa-37579	303	74	of	of	ADP
cjfa-37579	303	75	return	return	NOUN
cjfa-37579	303	76	equation	equation	NOUN
cjfa-37579	303	77	(	(	PUNCT
cjfa-37579	303	78	8)	8)	NUM
cjfa-37579	303	79	where	where	SCONJ
cjfa-37579	303	80	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	303	81	�	�	PROPN
cjfa-37579	303	82	�	�	PROPN
cjfa-37579	303	83	�	�	PROPN
cjfa-37579	303	84	represents	represent	VERB
cjfa-37579	303	85	the	the	DET
cjfa-37579	303	86	cross	cross	ADJ
cjfa-37579	303	87	-	-	ADJ
cjfa-37579	303	88	section	section	ADJ
cjfa-37579	303	89	return	return	NOUN
cjfa-37579	303	90	variance	variance	NOUN
cjfa-37579	303	91	(	(	PUNCT
cjfa-37579	303	92	error	error	NOUN
cjfa-37579	303	93	term	term	NOUN
cjfa-37579	303	94	from	from	ADP
cjfa-37579	303	95	the	the	DET
cjfa-37579	303	96	mean	mean	ADJ
cjfa-37579	303	97	return	return	NOUN
cjfa-37579	303	98	equation	equation	NOUN
cjfa-37579	303	99	)	)	PUNCT
cjfa-37579	303	100	is	be	AUX
cjfa-37579	303	101	determined	determine	VERB
cjfa-37579	303	102	by	by	ADP
cjfa-37579	303	103	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	303	104	representing	represent	VERB
cjfa-37579	303	105	the	the	DET
cjfa-37579	303	106	constant	constant	ADJ
cjfa-37579	303	107	,	,	PUNCT
cjfa-37579	303	108	𝛼𝛼	𝛼𝛼	AUX
cjfa-37579	303	109	�	�	PROPN
cjfa-37579	303	110	�	�	PROPN
cjfa-37579	303	111	�	�	PROPN
cjfa-37579	303	112	�	�	PROPN
cjfa-37579	303	113	�	�	PROPN
cjfa-37579	303	114	representing	represent	VERB
cjfa-37579	303	115	the	the	DET
cjfa-37579	303	116	arch	arch	ADJ
cjfa-37579	303	117	term	term	NOUN
cjfa-37579	303	118	showing	show	VERB
cjfa-37579	303	119	the	the	DET
cjfa-37579	303	120	past	past	ADJ
cjfa-37579	303	121	period	period	NOUN
cjfa-37579	303	122	’s	’s	PART
cjfa-37579	303	123	cross	cross	NOUN
cjfa-37579	303	124	-	-	ADJ
cjfa-37579	303	125	section	section	ADJ
cjfa-37579	303	126	squared	square	VERB
cjfa-37579	303	127	error	error	NOUN
cjfa-37579	303	128	term	term	NOUN
cjfa-37579	303	129	derived	derive	VERB
cjfa-37579	303	130	from	from	ADP
cjfa-37579	303	131	the	the	DET
cjfa-37579	303	132	mean	mean	ADJ
cjfa-37579	303	133	return	return	NOUN
cjfa-37579	303	134	equation	equation	NOUN
cjfa-37579	303	135	and	and	CCONJ
cjfa-37579	303	136	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	303	137	�	�	PROPN
cjfa-37579	303	138	�	�	PROPN
cjfa-37579	303	139	�	�	PROPN
cjfa-37579	303	140	�	�	PROPN
cjfa-37579	303	141	�	�	PROPN
cjfa-37579	303	142	representing	represent	VERB
cjfa-37579	303	143	the	the	DET
cjfa-37579	303	144	garch	garch	NOUN
cjfa-37579	303	145	term	term	NOUN
cjfa-37579	303	146	showing	show	VERB
cjfa-37579	303	147	the	the	DET
cjfa-37579	303	148	past	past	ADJ
cjfa-37579	303	149	period	period	NOUN
cjfa-37579	303	150	’s	’s	PART
cjfa-37579	303	151	cross	cross	ADJ
cjfa-37579	303	152	-	-	ADJ
cjfa-37579	303	153	section	section	ADJ
cjfa-37579	303	154	variance	variance	NOUN
cjfa-37579	303	155	of	of	ADP
cjfa-37579	303	156	the	the	DET
cjfa-37579	303	157	return	return	NOUN
cjfa-37579	303	158	.	.	PUNCT
cjfa-37579	304	1	risk	risk	NOUN
cjfa-37579	304	2	-	-	PUNCT
cjfa-37579	304	3	return	return	NOUN
cjfa-37579	304	4	during	during	ADP
cjfa-37579	304	5	covid-19	covid-19	PROPN
cjfa-37579	304	6	the	the	DET
cjfa-37579	304	7	panel	panel	NOUN
cjfa-37579	304	8	garch	garch	NOUN
cjfa-37579	304	9	-	-	PUNCT
cjfa-37579	304	10	in	in	ADP
cjfa-37579	304	11	-	-	PUNCT
cjfa-37579	304	12	mean	mean	NOUN
cjfa-37579	304	13	(	(	PUNCT
cjfa-37579	304	14	garch	garch	NOUN
cjfa-37579	304	15	-	-	PUNCT
cjfa-37579	304	16	m	m	NOUN
cjfa-37579	304	17	)	)	PUNCT
cjfa-37579	304	18	model	model	NOUN
cjfa-37579	304	19	used	use	VERB
cjfa-37579	304	20	to	to	PART
cjfa-37579	304	21	measure	measure	VERB
cjfa-37579	304	22	the	the	DET
cjfa-37579	304	23	risk	risk	NOUN
cjfa-37579	304	24	-	-	PUNCT
cjfa-37579	304	25	return	return	NOUN
cjfa-37579	304	26	relationship	relationship	NOUN
cjfa-37579	304	27	was	be	AUX
cjfa-37579	304	28	as	as	SCONJ
cjfa-37579	304	29	follows	follow	VERB
cjfa-37579	304	30	:	:	PUNCT
cjfa-37579	304	31	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	304	32	�	�	PROPN
cjfa-37579	304	33	�	�	PROPN
cjfa-37579	304	34	�	�	PROPN
cjfa-37579	304	35	=	=	PUNCT
cjfa-37579	304	36	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	304	37	𝐶	𝐶	PROPN
cjfa-37579	304	38	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	304	39	�	�	PROPN
cjfa-37579	304	40	�	�	PROPN
cjfa-37579	304	41	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	304	42	�	�	PROPN
cjfa-37579	304	43	�	�	PROPN
cjfa-37579	304	44	)	)	PUNCT
cjfa-37579	304	45	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	304	46	�	�	PROPN
cjfa-37579	304	47	�	�	PROPN
cjfa-37579	304	48	�	�	PROPN
cjfa-37579	304	49	(	(	PUNCT
cjfa-37579	304	50	9	9	NUM
cjfa-37579	304	51	)	)	PUNCT
cjfa-37579	304	52	where	where	SCONJ
cjfa-37579	304	53	𝑔𝑔𝑔.	𝑔𝑔𝑔.	NOUN
cjfa-37579	304	54	)	)	PUNCT
cjfa-37579	304	55	is	be	AUX
cjfa-37579	304	56	the	the	DET
cjfa-37579	304	57	arbitrary	arbitrary	ADJ
cjfa-37579	304	58	volatility	volatility	NOUN
cjfa-37579	304	59	function	function	NOUN
cjfa-37579	304	60	of	of	ADP
cjfa-37579	304	61	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	304	62	�	�	PROPN
cjfa-37579	304	63	�	�	PROPN
cjfa-37579	304	64	,	,	PUNCT
cjfa-37579	304	65	the	the	DET
cjfa-37579	304	66	cross	cross	ADJ
cjfa-37579	304	67	-	-	ADJ
cjfa-37579	304	68	section	section	ADJ
cjfa-37579	304	69	garch	garch	NOUN
cjfa-37579	304	70	-	-	PUNCT
cjfa-37579	304	71	m	m	PROPN
cjfa-37579	304	72	was	be	AUX
cjfa-37579	304	73	specified	specify	VERB
cjfa-37579	304	74	with	with	ADP
cjfa-37579	304	75	cross	cross	ADJ
cjfa-37579	304	76	-	-	ADJ
cjfa-37579	304	77	section	section	ADJ
cjfa-37579	304	78	garch	garch	NOUN
cjfa-37579	304	79	conditional	conditional	ADJ
cjfa-37579	304	80	variance	variance	NOUN
cjfa-37579	304	81	specification	specification	NOUN
cjfa-37579	304	82	and	and	CCONJ
cjfa-37579	304	83	the	the	DET
cjfa-37579	304	84	function	function	NOUN
cjfa-37579	304	85	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	304	86	�	�	PROPN
cjfa-37579	304	87	�	�	PROPN
cjfa-37579	304	88	)	)	PUNCT
cjfa-37579	304	89	is	be	AUX
cjfa-37579	304	90	the	the	DET
cjfa-37579	304	91	standard	standard	ADJ
cjfa-37579	304	92	deviation	deviation	NOUN
cjfa-37579	304	93	in	in	ADP
cjfa-37579	304	94	mean	mean	NOUN
cjfa-37579	304	95	(	(	PUNCT
cjfa-37579	304	96	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	304	97	�	�	PROPN
cjfa-37579	304	98	�	�	PROPN
cjfa-37579	304	99	)	)	PUNCT
cjfa-37579	304	100	.	.	PUNCT
cjfa-37579	305	1	positive	positive	ADJ
cjfa-37579	305	2	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	305	3	�	�	PROPN
cjfa-37579	305	4	�	�	PROPN
cjfa-37579	305	5	indicates	indicate	VERB
cjfa-37579	305	6	higher	high	ADJ
cjfa-37579	305	7	risk	risk	NOUN
cjfa-37579	305	8	leading	lead	VERB
cjfa-37579	305	9	to	to	ADP
cjfa-37579	305	10	higher	high	ADJ
cjfa-37579	305	11	average	average	ADJ
cjfa-37579	305	12	return	return	NOUN
cjfa-37579	305	13	and	and	CCONJ
cjfa-37579	305	14	vice	vice	NOUN
cjfa-37579	305	15	versa	versa	ADV
cjfa-37579	305	16	.	.	PUNCT
cjfa-37579	306	1	the	the	DET
cjfa-37579	306	2	a	a	DET
cjfa-37579	306	3	priori	priori	ADJ
cjfa-37579	306	4	expectation	expectation	NOUN
cjfa-37579	306	5	of	of	ADP
cjfa-37579	306	6	garch	garch	NOUN
cjfa-37579	306	7	-	-	PUNCT
cjfa-37579	306	8	in	in	ADP
cjfa-37579	306	9	-	-	PUNCT
cjfa-37579	306	10	mean	mean	NOUN
cjfa-37579	306	11	is	be	AUX
cjfa-37579	306	12	0	0	NUM
cjfa-37579	306	13	>	>	PUNCT
cjfa-37579	306	14	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	306	15	�	�	PROPN
cjfa-37579	306	16	�	�	PROPN
cjfa-37579	306	17	>	>	X
cjfa-37579	306	18	0	0	PROPN
cjfa-37579	306	19	,	,	PUNCT
cjfa-37579	306	20	indicating	indicate	VERB
cjfa-37579	306	21	that	that	SCONJ
cjfa-37579	306	22	the	the	DET
cjfa-37579	306	23	risk	risk	NOUN
cjfa-37579	306	24	-	-	PUNCT
cjfa-37579	306	25	return	return	NOUN
cjfa-37579	306	26	relationship	relationship	NOUN
cjfa-37579	306	27	can	can	AUX
cjfa-37579	306	28	be	be	AUX
cjfa-37579	306	29	positive	positive	ADJ
cjfa-37579	306	30	or	or	CCONJ
cjfa-37579	306	31	negative	negative	ADJ
cjfa-37579	306	32	.	.	PUNCT
cjfa-37579	307	1	good	good	ADJ
cjfa-37579	307	2	and	and	CCONJ
cjfa-37579	307	3	bad	bad	ADJ
cjfa-37579	307	4	news	news	NOUN
cjfa-37579	307	5	during	during	ADP
cjfa-37579	307	6	covid-19	covid-19	PROPN
cjfa-37579	307	7	threshold	threshold	NOUN
cjfa-37579	307	8	garch	garch	NOUN
cjfa-37579	307	9	(	(	PUNCT
cjfa-37579	307	10	tgarch	tgarch	NOUN
cjfa-37579	307	11	/	/	SYM
cjfa-37579	307	12	tarch	tarch	NOUN
cjfa-37579	307	13	)	)	PUNCT
cjfa-37579	307	14	permits	permit	VERB
cjfa-37579	307	15	asymmetric	asymmetric	ADJ
cjfa-37579	307	16	effect	effect	NOUN
cjfa-37579	307	17	between	between	ADP
cjfa-37579	307	18	positive	positive	ADJ
cjfa-37579	307	19	and	and	CCONJ
cjfa-37579	307	20	negative	negative	ADJ
cjfa-37579	307	21	news	news	NOUN
cjfa-37579	307	22	on	on	ADP
cjfa-37579	307	23	cross	cross	ADJ
cjfa-37579	307	24	-	-	ADJ
cjfa-37579	307	25	section	section	ADJ
cjfa-37579	307	26	stock	stock	NOUN
cjfa-37579	307	27	returns	return	NOUN
cjfa-37579	307	28	with	with	ADP
cjfa-37579	307	29	general	general	ADJ
cjfa-37579	307	30	description	description	NOUN
cjfa-37579	307	31	stated	state	VERB
cjfa-37579	307	32	below:𝐶𝜎𝜎	below:𝐶𝜎𝜎	PROPN
cjfa-37579	307	33	�	�	PROPN
cjfa-37579	307	34	�	�	PROPN
cjfa-37579	307	35	�	�	PROPN
cjfa-37579	307	36	=	=	PUNCT
cjfa-37579	307	37	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	307	38	+	+	CCONJ
cjfa-37579	307	39	∑	∑	PROPN
cjfa-37579	307	40	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	307	41	�	�	PROPN
cjfa-37579	307	42	�	�	PROPN
cjfa-37579	307	43	�	�	PROPN
cjfa-37579	307	44	�	�	PROPN
cjfa-37579	307	45	�	�	PROPN
cjfa-37579	307	46	�	�	PROPN
cjfa-37579	307	47	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	307	48	�	�	PROPN
cjfa-37579	307	49	�	�	PROPN
cjfa-37579	307	50	�	�	PROPN
cjfa-37579	307	51	�	�	PROPN
cjfa-37579	307	52	�	�	PROPN
cjfa-37579	308	1	+	+	CCONJ
cjfa-37579	308	2	∑	∑	PROPN
cjfa-37579	308	3	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	308	4	�	�	PROPN
cjfa-37579	308	5	�	�	PROPN
cjfa-37579	308	6	�	�	PROPN
cjfa-37579	308	7	�	�	PROPN
cjfa-37579	308	8	�	�	PROPN
cjfa-37579	308	9	�	�	PROPN
cjfa-37579	308	10	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	308	11	�	�	PROPN
cjfa-37579	308	12	�	�	PROPN
cjfa-37579	308	13	�	�	PROPN
cjfa-37579	308	14	�	�	PROPN
cjfa-37579	308	15	�	�	PROPN
cjfa-37579	308	16	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	308	17	�	�	PROPN
cjfa-37579	308	18	�	�	PROPN
cjfa-37579	308	19	�	�	PROPN
cjfa-37579	308	20	�	�	PROPN
cjfa-37579	308	21	+	+	CCONJ
cjfa-37579	308	22	∑	∑	PROPN
cjfa-37579	308	23	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	308	24	�	�	PROPN
cjfa-37579	308	25	�	�	PROPN
cjfa-37579	308	26	�	�	PROPN
cjfa-37579	308	27	�	�	PROPN
cjfa-37579	308	28	�	�	PROPN
cjfa-37579	308	29	�	�	PROPN
cjfa-37579	308	30	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	308	31	�	�	PROPN
cjfa-37579	308	32	�	�	PROPN
cjfa-37579	308	33	�	�	PROPN
cjfa-37579	308	34	�	�	PROPN
cjfa-37579	308	35	�	�	PROPN
cjfa-37579	308	36	(	(	PUNCT
cjfa-37579	308	37	10	10	NUM
cjfa-37579	308	38	)	)	PUNCT
cjfa-37579	308	39	 	 	SPACE
cjfa-37579	308	40	cross	cross	ADJ
cjfa-37579	308	41	-	-	NOUN
cjfa-37579	308	42	section	section	ADJ
cjfa-37579	308	43	mean	mean	NOUN
cjfa-37579	308	44	return	return	NOUN
cjfa-37579	308	45	equation	equation	NOUN
cjfa-37579	308	46	for	for	ADP
cjfa-37579	308	47	asirit	asirit	NOUN
cjfa-37579	308	48	(	(	PUNCT
cjfa-37579	308	49	7	7	NUM
cjfa-37579	308	50	)	)	PUNCT
cjfa-37579	308	51	(	(	PUNCT
cjfa-37579	308	52	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	308	53	�	�	PROPN
cjfa-37579	308	54	�	�	PROPN
cjfa-37579	308	55	)	)	PUNCT
cjfa-37579	308	56	is	be	AUX
cjfa-37579	308	57	determined	determine	VERB
cjfa-37579	308	58	by	by	ADP
cjfa-37579	308	59	a	a	DET
cjfa-37579	308	60	constant	constant	ADJ
cjfa-37579	308	61	(	(	PUNCT
cjfa-37579	308	62	𝜔𝜔	𝜔𝜔	NOUN
cjfa-37579	308	63	)	)	PUNCT
cjfa-37579	308	64	,	,	PUNCT
cjfa-37579	308	65	estimates	estimate	NOUN
cjfa-37579	308	66	of	of	ADP
cjfa-37579	308	67	the	the	DET
cjfa-37579	308	68	previous	previous	ADJ
cjfa-37579	308	69	period	period	NOUN
cjfa-37579	308	70	’s	’s	PART
cjfa-37579	308	71	squared	square	VERB
cjfa-37579	308	72	residual	residual	ADJ
cjfa-37579	308	73	of	of	ADP
cjfa-37579	308	74	the	the	DET
cjfa-37579	308	75	mean	mean	ADJ
cjfa-37579	308	76	return	return	NOUN
cjfa-37579	308	77	equation	equation	NOUN
cjfa-37579	308	78	(	(	PUNCT
cjfa-37579	308	79	∑	∑	PART
cjfa-37579	308	80	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	308	81	�	�	PROPN
cjfa-37579	308	82	�	�	PROPN
cjfa-37579	308	83	�	�	PROPN
cjfa-37579	308	84	�	�	PROPN
cjfa-37579	308	85	�	�	PROPN
cjfa-37579	308	86	�	�	PROPN
cjfa-37579	308	87	�	�	PROPN
cjfa-37579	308	88	�	�	PROPN
cjfa-37579	308	89	)	)	PUNCT
cjfa-37579	308	90	and	and	CCONJ
cjfa-37579	308	91	estimates	estimate	NOUN
cjfa-37579	308	92	of	of	ADP
cjfa-37579	308	93	the	the	DET
cjfa-37579	308	94	previous	previous	ADJ
cjfa-37579	308	95	period	period	NOUN
cjfa-37579	308	96	’s	’s	PART
cjfa-37579	308	97	return	return	NOUN
cjfa-37579	308	98	variance	variance	NOUN
cjfa-37579	308	99	(	(	PUNCT
cjfa-37579	308	100	∑	∑	PROPN
cjfa-37579	308	101	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	308	102	�	�	PROPN
cjfa-37579	308	103	�	�	PROPN
cjfa-37579	308	104	�	�	PROPN
cjfa-37579	308	105	�	�	PROPN
cjfa-37579	308	106	�	�	PROPN
cjfa-37579	308	107	�	�	PROPN
cjfa-37579	308	108	�	�	PROPN
cjfa-37579	308	109	�	�	PROPN
cjfa-37579	308	110	)	)	PUNCT
cjfa-37579	308	111	.	.	PUNCT
cjfa-37579	309	1	model	model	NOUN
cjfa-37579	309	2	specification	specification	NOUN
cjfa-37579	309	3	this	this	DET
cjfa-37579	309	4	study	study	NOUN
cjfa-37579	309	5	examined	examine	VERB
cjfa-37579	309	6	the	the	DET
cjfa-37579	309	7	risk	risk	NOUN
cjfa-37579	309	8	-	-	PUNCT
cjfa-37579	309	9	return	return	NOUN
cjfa-37579	309	10	relationship	relationship	NOUN
cjfa-37579	309	11	of	of	ADP
cjfa-37579	309	12	returns	return	NOUN
cjfa-37579	309	13	and	and	CCONJ
cjfa-37579	309	14	evaluates	evaluate	VERB
cjfa-37579	309	15	good	good	ADJ
cjfa-37579	309	16	and	and	CCONJ
cjfa-37579	309	17	bad	bad	ADJ
cjfa-37579	309	18	news	news	NOUN
cjfa-37579	309	19	during	during	ADP
cjfa-37579	309	20	covid-19	covid-19	PROPN
cjfa-37579	309	21	.	.	PUNCT
cjfa-37579	310	1	variant	variant	ADJ
cjfa-37579	310	2	auto	auto	NOUN
cjfa-37579	310	3	-	-	PUNCT
cjfa-37579	310	4	regressive	regressive	ADJ
cjfa-37579	310	5	conditional	conditional	ADJ
cjfa-37579	310	6	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	310	7	(	(	PUNCT
cjfa-37579	310	8	arch	arch	ADJ
cjfa-37579	310	9	)	)	PUNCT
cjfa-37579	310	10	models	model	NOUN
cjfa-37579	310	11	were	be	AUX
cjfa-37579	310	12	used	use	VERB
cjfa-37579	310	13	to	to	PART
cjfa-37579	310	14	achieve	achieve	VERB
cjfa-37579	310	15	the	the	DET
cjfa-37579	310	16	purpose	purpose	NOUN
cjfa-37579	310	17	of	of	ADP
cjfa-37579	310	18	the	the	DET
cjfa-37579	310	19	study	study	NOUN
cjfa-37579	310	20	under	under	ADP
cjfa-37579	310	21	three	three	NUM
cjfa-37579	310	22	(	(	PUNCT
cjfa-37579	310	23	3	3	NUM
cjfa-37579	310	24	)	)	PUNCT
cjfa-37579	310	25	distributional	distributional	ADJ
cjfa-37579	310	26	assumptions	assumption	NOUN
cjfa-37579	310	27	.	.	PUNCT
cjfa-37579	311	1	the	the	DET
cjfa-37579	311	2	following	follow	VERB
cjfa-37579	311	3	is	be	AUX
cjfa-37579	311	4	the	the	DET
cjfa-37579	311	5	general	general	ADJ
cjfa-37579	311	6	form	form	NOUN
cjfa-37579	311	7	of	of	ADP
cjfa-37579	311	8	the	the	DET
cjfa-37579	311	9	panel	panel	NOUN
cjfa-37579	311	10	garch	garch	NOUN
cjfa-37579	311	11	model	model	NOUN
cjfa-37579	311	12	used	use	VERB
cjfa-37579	311	13	in	in	ADP
cjfa-37579	311	14	this	this	DET
cjfa-37579	311	15	research	research	NOUN
cjfa-37579	311	16	:	:	PUNCT
cjfa-37579	311	17	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	311	18	�	�	PROPN
cjfa-37579	311	19	�	�	PROPN
cjfa-37579	311	20	�	�	PROPN
cjfa-37579	311	21	=	=	SYM
cjfa-37579	311	22	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	311	23	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	311	24	�	�	PROPN
cjfa-37579	311	25	�	�	PROPN
cjfa-37579	311	26	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	311	27	�	�	PROPN
cjfa-37579	311	28	�	�	PROPN
cjfa-37579	311	29	�	�	PROPN
cjfa-37579	311	30	�	�	PROPN
cjfa-37579	311	31	�	�	PROPN
cjfa-37579	311	32	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	311	33	�	�	PROPN
cjfa-37579	311	34	�	�	PROPN
cjfa-37579	311	35	�	�	PROPN
cjfa-37579	311	36	cross	cross	NOUN
cjfa-37579	311	37	-	-	NOUN
cjfa-37579	311	38	section	section	ADJ
cjfa-37579	311	39	mean	mean	NOUN
cjfa-37579	311	40	return	return	NOUN
cjfa-37579	311	41	equation	equation	NOUN
cjfa-37579	311	42	for	for	ADP
cjfa-37579	311	43	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	311	44	�	�	PROPN
cjfa-37579	311	45	�	�	PROPN
cjfa-37579	311	46	�	�	PROPN
cjfa-37579	311	47	(	(	PUNCT
cjfa-37579	311	48	7	7	NUM
cjfa-37579	311	49	)	)	PUNCT
cjfa-37579	311	50	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	311	51	�	�	PROPN
cjfa-37579	311	52	�	�	PROPN
cjfa-37579	311	53	�	�	PROPN
cjfa-37579	311	54	=	=	PUNCT
cjfa-37579	311	55	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	311	56	𝐶	𝐶	PROPN
cjfa-37579	311	57	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	311	58	�	�	PROPN
cjfa-37579	311	59	�	�	PROPN
cjfa-37579	311	60	�	�	PROPN
cjfa-37579	311	61	�	�	PROPN
cjfa-37579	311	62	�	�	PROPN
cjfa-37579	311	63	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	311	64	𝐶𝛽𝛽𝜎𝜎	𝐶𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	311	65	�	�	PROPN
cjfa-37579	311	66	�	�	PROPN
cjfa-37579	311	67	�	�	PROPN
cjfa-37579	311	68	�	�	PROPN
cjfa-37579	311	69	�	�	PROPN
cjfa-37579	311	70	cross	cross	NOUN
cjfa-37579	311	71	-	-	ADJ
cjfa-37579	311	72	section	section	ADJ
cjfa-37579	311	73	variance	variance	NOUN
cjfa-37579	311	74	of	of	ADP
cjfa-37579	311	75	return	return	NOUN
cjfa-37579	311	76	equation	equation	NOUN
cjfa-37579	311	77	(	(	PUNCT
cjfa-37579	311	78	8)	8)	NUM
cjfa-37579	311	79	where	where	SCONJ
cjfa-37579	311	80	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	311	81	�	�	PROPN
cjfa-37579	311	82	�	�	PROPN
cjfa-37579	311	83	�	�	PROPN
cjfa-37579	311	84	represents	represent	VERB
cjfa-37579	311	85	the	the	DET
cjfa-37579	311	86	cross	cross	ADJ
cjfa-37579	311	87	-	-	ADJ
cjfa-37579	311	88	section	section	ADJ
cjfa-37579	311	89	return	return	NOUN
cjfa-37579	311	90	variance	variance	NOUN
cjfa-37579	311	91	(	(	PUNCT
cjfa-37579	311	92	error	error	NOUN
cjfa-37579	311	93	term	term	NOUN
cjfa-37579	311	94	from	from	ADP
cjfa-37579	311	95	the	the	DET
cjfa-37579	311	96	mean	mean	ADJ
cjfa-37579	311	97	return	return	NOUN
cjfa-37579	311	98	equation	equation	NOUN
cjfa-37579	311	99	)	)	PUNCT
cjfa-37579	311	100	is	be	AUX
cjfa-37579	311	101	determined	determine	VERB
cjfa-37579	311	102	by	by	ADP
cjfa-37579	311	103	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	311	104	representing	represent	VERB
cjfa-37579	311	105	the	the	DET
cjfa-37579	311	106	constant	constant	ADJ
cjfa-37579	311	107	,	,	PUNCT
cjfa-37579	311	108	𝛼𝛼	𝛼𝛼	AUX
cjfa-37579	311	109	�	�	PROPN
cjfa-37579	311	110	�	�	PROPN
cjfa-37579	311	111	�	�	PROPN
cjfa-37579	311	112	�	�	PROPN
cjfa-37579	311	113	�	�	PROPN
cjfa-37579	311	114	representing	represent	VERB
cjfa-37579	311	115	the	the	DET
cjfa-37579	311	116	arch	arch	ADJ
cjfa-37579	311	117	term	term	NOUN
cjfa-37579	311	118	showing	show	VERB
cjfa-37579	311	119	the	the	DET
cjfa-37579	311	120	past	past	ADJ
cjfa-37579	311	121	period	period	NOUN
cjfa-37579	311	122	’s	’s	PART
cjfa-37579	311	123	cross	cross	NOUN
cjfa-37579	311	124	-	-	ADJ
cjfa-37579	311	125	section	section	ADJ
cjfa-37579	311	126	squared	square	VERB
cjfa-37579	311	127	error	error	NOUN
cjfa-37579	311	128	term	term	NOUN
cjfa-37579	311	129	derived	derive	VERB
cjfa-37579	311	130	from	from	ADP
cjfa-37579	311	131	the	the	DET
cjfa-37579	311	132	mean	mean	ADJ
cjfa-37579	311	133	return	return	NOUN
cjfa-37579	311	134	equation	equation	NOUN
cjfa-37579	311	135	and	and	CCONJ
cjfa-37579	311	136	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	311	137	�	�	PROPN
cjfa-37579	311	138	�	�	PROPN
cjfa-37579	311	139	�	�	PROPN
cjfa-37579	311	140	�	�	PROPN
cjfa-37579	311	141	�	�	PROPN
cjfa-37579	311	142	representing	represent	VERB
cjfa-37579	311	143	the	the	DET
cjfa-37579	311	144	garch	garch	NOUN
cjfa-37579	311	145	term	term	NOUN
cjfa-37579	311	146	showing	show	VERB
cjfa-37579	311	147	the	the	DET
cjfa-37579	311	148	past	past	ADJ
cjfa-37579	311	149	period	period	NOUN
cjfa-37579	311	150	’s	’s	PART
cjfa-37579	311	151	cross	cross	ADJ
cjfa-37579	311	152	-	-	ADJ
cjfa-37579	311	153	section	section	ADJ
cjfa-37579	311	154	variance	variance	NOUN
cjfa-37579	311	155	of	of	ADP
cjfa-37579	311	156	the	the	DET
cjfa-37579	311	157	return	return	NOUN
cjfa-37579	311	158	.	.	PUNCT
cjfa-37579	312	1	risk	risk	NOUN
cjfa-37579	312	2	-	-	PUNCT
cjfa-37579	312	3	return	return	NOUN
cjfa-37579	312	4	during	during	ADP
cjfa-37579	312	5	covid-19	covid-19	PROPN
cjfa-37579	312	6	the	the	DET
cjfa-37579	312	7	panel	panel	NOUN
cjfa-37579	312	8	garch	garch	NOUN
cjfa-37579	312	9	-	-	PUNCT
cjfa-37579	312	10	in	in	ADP
cjfa-37579	312	11	-	-	PUNCT
cjfa-37579	312	12	mean	mean	NOUN
cjfa-37579	312	13	(	(	PUNCT
cjfa-37579	312	14	garch	garch	NOUN
cjfa-37579	312	15	-	-	PUNCT
cjfa-37579	312	16	m	m	NOUN
cjfa-37579	312	17	)	)	PUNCT
cjfa-37579	312	18	model	model	NOUN
cjfa-37579	312	19	used	use	VERB
cjfa-37579	312	20	to	to	PART
cjfa-37579	312	21	measure	measure	VERB
cjfa-37579	312	22	the	the	DET
cjfa-37579	312	23	risk	risk	NOUN
cjfa-37579	312	24	-	-	PUNCT
cjfa-37579	312	25	return	return	NOUN
cjfa-37579	312	26	relationship	relationship	NOUN
cjfa-37579	312	27	was	be	AUX
cjfa-37579	312	28	as	as	SCONJ
cjfa-37579	312	29	follows	follow	VERB
cjfa-37579	312	30	:	:	PUNCT
cjfa-37579	312	31	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	312	32	�	�	PROPN
cjfa-37579	312	33	�	�	PROPN
cjfa-37579	312	34	�	�	PROPN
cjfa-37579	312	35	=	=	PUNCT
cjfa-37579	312	36	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	312	37	𝐶	𝐶	PROPN
cjfa-37579	312	38	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	312	39	�	�	PROPN
cjfa-37579	312	40	�	�	PROPN
cjfa-37579	312	41	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	312	42	�	�	PROPN
cjfa-37579	312	43	�	�	PROPN
cjfa-37579	312	44	)	)	PUNCT
cjfa-37579	312	45	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	312	46	�	�	PROPN
cjfa-37579	312	47	�	�	PROPN
cjfa-37579	312	48	�	�	PROPN
cjfa-37579	312	49	(	(	PUNCT
cjfa-37579	312	50	9	9	NUM
cjfa-37579	312	51	)	)	PUNCT
cjfa-37579	312	52	where	where	SCONJ
cjfa-37579	312	53	𝑔𝑔𝑔.	𝑔𝑔𝑔.	NOUN
cjfa-37579	312	54	)	)	PUNCT
cjfa-37579	312	55	is	be	AUX
cjfa-37579	312	56	the	the	DET
cjfa-37579	312	57	arbitrary	arbitrary	ADJ
cjfa-37579	312	58	volatility	volatility	NOUN
cjfa-37579	312	59	function	function	NOUN
cjfa-37579	312	60	of	of	ADP
cjfa-37579	312	61	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	312	62	�	�	PROPN
cjfa-37579	312	63	�	�	PROPN
cjfa-37579	312	64	,	,	PUNCT
cjfa-37579	312	65	the	the	DET
cjfa-37579	312	66	cross	cross	ADJ
cjfa-37579	312	67	-	-	ADJ
cjfa-37579	312	68	section	section	ADJ
cjfa-37579	312	69	garch	garch	NOUN
cjfa-37579	312	70	-	-	PUNCT
cjfa-37579	312	71	m	m	PROPN
cjfa-37579	312	72	was	be	AUX
cjfa-37579	312	73	specified	specify	VERB
cjfa-37579	312	74	with	with	ADP
cjfa-37579	312	75	cross	cross	ADJ
cjfa-37579	312	76	-	-	ADJ
cjfa-37579	312	77	section	section	ADJ
cjfa-37579	312	78	garch	garch	NOUN
cjfa-37579	312	79	conditional	conditional	ADJ
cjfa-37579	312	80	variance	variance	NOUN
cjfa-37579	312	81	specification	specification	NOUN
cjfa-37579	312	82	and	and	CCONJ
cjfa-37579	312	83	the	the	DET
cjfa-37579	312	84	function	function	NOUN
cjfa-37579	312	85	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	312	86	�	�	PROPN
cjfa-37579	312	87	�	�	PROPN
cjfa-37579	312	88	)	)	PUNCT
cjfa-37579	312	89	is	be	AUX
cjfa-37579	312	90	the	the	DET
cjfa-37579	312	91	standard	standard	ADJ
cjfa-37579	312	92	deviation	deviation	NOUN
cjfa-37579	312	93	in	in	ADP
cjfa-37579	312	94	mean	mean	NOUN
cjfa-37579	312	95	(	(	PUNCT
cjfa-37579	312	96	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	312	97	�	�	PROPN
cjfa-37579	312	98	�	�	PROPN
cjfa-37579	312	99	)	)	PUNCT
cjfa-37579	312	100	.	.	PUNCT
cjfa-37579	313	1	positive	positive	ADJ
cjfa-37579	313	2	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	313	3	�	�	PROPN
cjfa-37579	313	4	�	�	PROPN
cjfa-37579	313	5	indicates	indicate	VERB
cjfa-37579	313	6	higher	high	ADJ
cjfa-37579	313	7	risk	risk	NOUN
cjfa-37579	313	8	leading	lead	VERB
cjfa-37579	313	9	to	to	ADP
cjfa-37579	313	10	higher	high	ADJ
cjfa-37579	313	11	average	average	ADJ
cjfa-37579	313	12	return	return	NOUN
cjfa-37579	313	13	and	and	CCONJ
cjfa-37579	313	14	vice	vice	NOUN
cjfa-37579	313	15	versa	versa	ADV
cjfa-37579	313	16	.	.	PUNCT
cjfa-37579	314	1	the	the	DET
cjfa-37579	314	2	a	a	DET
cjfa-37579	314	3	priori	priori	ADJ
cjfa-37579	314	4	expectation	expectation	NOUN
cjfa-37579	314	5	of	of	ADP
cjfa-37579	314	6	garch	garch	NOUN
cjfa-37579	314	7	-	-	PUNCT
cjfa-37579	314	8	in	in	ADP
cjfa-37579	314	9	-	-	PUNCT
cjfa-37579	314	10	mean	mean	NOUN
cjfa-37579	314	11	is	be	AUX
cjfa-37579	314	12	0	0	NUM
cjfa-37579	314	13	>	>	PUNCT
cjfa-37579	314	14	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	314	15	�	�	PROPN
cjfa-37579	314	16	�	�	PROPN
cjfa-37579	314	17	>	>	X
cjfa-37579	314	18	0	0	PROPN
cjfa-37579	314	19	,	,	PUNCT
cjfa-37579	314	20	indicating	indicate	VERB
cjfa-37579	314	21	that	that	SCONJ
cjfa-37579	314	22	the	the	DET
cjfa-37579	314	23	risk	risk	NOUN
cjfa-37579	314	24	-	-	PUNCT
cjfa-37579	314	25	return	return	NOUN
cjfa-37579	314	26	relationship	relationship	NOUN
cjfa-37579	314	27	can	can	AUX
cjfa-37579	314	28	be	be	AUX
cjfa-37579	314	29	positive	positive	ADJ
cjfa-37579	314	30	or	or	CCONJ
cjfa-37579	314	31	negative	negative	ADJ
cjfa-37579	314	32	.	.	PUNCT
cjfa-37579	315	1	good	good	ADJ
cjfa-37579	315	2	and	and	CCONJ
cjfa-37579	315	3	bad	bad	ADJ
cjfa-37579	315	4	news	news	NOUN
cjfa-37579	315	5	during	during	ADP
cjfa-37579	315	6	covid-19	covid-19	PROPN
cjfa-37579	315	7	threshold	threshold	NOUN
cjfa-37579	315	8	garch	garch	NOUN
cjfa-37579	315	9	(	(	PUNCT
cjfa-37579	315	10	tgarch	tgarch	NOUN
cjfa-37579	315	11	/	/	SYM
cjfa-37579	315	12	tarch	tarch	NOUN
cjfa-37579	315	13	)	)	PUNCT
cjfa-37579	315	14	permits	permit	VERB
cjfa-37579	315	15	asymmetric	asymmetric	ADJ
cjfa-37579	315	16	effect	effect	NOUN
cjfa-37579	315	17	between	between	ADP
cjfa-37579	315	18	positive	positive	ADJ
cjfa-37579	315	19	and	and	CCONJ
cjfa-37579	315	20	negative	negative	ADJ
cjfa-37579	315	21	news	news	NOUN
cjfa-37579	315	22	on	on	ADP
cjfa-37579	315	23	cross	cross	ADJ
cjfa-37579	315	24	-	-	ADJ
cjfa-37579	315	25	section	section	ADJ
cjfa-37579	315	26	stock	stock	NOUN
cjfa-37579	315	27	returns	return	NOUN
cjfa-37579	315	28	with	with	ADP
cjfa-37579	315	29	general	general	ADJ
cjfa-37579	315	30	description	description	NOUN
cjfa-37579	315	31	stated	state	VERB
cjfa-37579	315	32	below:𝐶𝜎𝜎	below:𝐶𝜎𝜎	PROPN
cjfa-37579	315	33	�	�	PROPN
cjfa-37579	315	34	�	�	PROPN
cjfa-37579	315	35	�	�	PROPN
cjfa-37579	315	36	=	=	PUNCT
cjfa-37579	315	37	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	315	38	+	+	CCONJ
cjfa-37579	315	39	∑	∑	PROPN
cjfa-37579	315	40	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	315	41	�	�	PROPN
cjfa-37579	315	42	�	�	PROPN
cjfa-37579	315	43	�	�	PROPN
cjfa-37579	315	44	�	�	PROPN
cjfa-37579	315	45	�	�	PROPN
cjfa-37579	315	46	�	�	PROPN
cjfa-37579	315	47	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	315	48	�	�	PROPN
cjfa-37579	315	49	�	�	PROPN
cjfa-37579	315	50	�	�	PROPN
cjfa-37579	315	51	�	�	PROPN
cjfa-37579	315	52	�	�	PROPN
cjfa-37579	316	1	+	+	CCONJ
cjfa-37579	316	2	∑	∑	PROPN
cjfa-37579	316	3	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	316	4	�	�	PROPN
cjfa-37579	316	5	�	�	PROPN
cjfa-37579	316	6	�	�	PROPN
cjfa-37579	316	7	�	�	PROPN
cjfa-37579	316	8	�	�	PROPN
cjfa-37579	316	9	�	�	PROPN
cjfa-37579	316	10	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	316	11	�	�	PROPN
cjfa-37579	316	12	�	�	PROPN
cjfa-37579	316	13	�	�	PROPN
cjfa-37579	316	14	�	�	PROPN
cjfa-37579	316	15	�	�	PROPN
cjfa-37579	316	16	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	316	17	�	�	PROPN
cjfa-37579	316	18	�	�	PROPN
cjfa-37579	316	19	�	�	PROPN
cjfa-37579	316	20	�	�	PROPN
cjfa-37579	316	21	+	+	CCONJ
cjfa-37579	316	22	∑	∑	PROPN
cjfa-37579	316	23	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	316	24	�	�	PROPN
cjfa-37579	316	25	�	�	PROPN
cjfa-37579	316	26	�	�	PROPN
cjfa-37579	316	27	�	�	PROPN
cjfa-37579	316	28	�	�	PROPN
cjfa-37579	316	29	�	�	PROPN
cjfa-37579	316	30	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	316	31	�	�	PROPN
cjfa-37579	316	32	�	�	PROPN
cjfa-37579	316	33	�	�	PROPN
cjfa-37579	316	34	�	�	PROPN
cjfa-37579	316	35	�	�	PROPN
cjfa-37579	316	36	(	(	PUNCT
cjfa-37579	316	37	10	10	NUM
cjfa-37579	316	38	)	)	PUNCT
cjfa-37579	316	39	 	 	SPACE
cjfa-37579	316	40	cross	cross	ADJ
cjfa-37579	316	41	-	-	ADJ
cjfa-37579	316	42	section	section	ADJ
cjfa-37579	316	43	variance	variance	NOUN
cjfa-37579	316	44	of	of	ADP
cjfa-37579	316	45	return	return	NOUN
cjfa-37579	316	46	equation	equation	NOUN
cjfa-37579	316	47	(	(	PUNCT
cjfa-37579	316	48	8)	8)	NUM
cjfa-37579	316	49	where	where	SCONJ
cjfa-37579	316	50	(	(	PUNCT
cjfa-37579	316	51	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	316	52	�	�	PROPN
cjfa-37579	316	53	�	�	PROPN
cjfa-37579	316	54	)	)	PUNCT
cjfa-37579	316	55	is	be	AUX
cjfa-37579	316	56	determined	determine	VERB
cjfa-37579	316	57	by	by	ADP
cjfa-37579	316	58	a	a	DET
cjfa-37579	316	59	constant	constant	ADJ
cjfa-37579	316	60	(	(	PUNCT
cjfa-37579	316	61	𝜔𝜔	𝜔𝜔	NOUN
cjfa-37579	316	62	)	)	PUNCT
cjfa-37579	316	63	,	,	PUNCT
cjfa-37579	316	64	estimates	estimate	NOUN
cjfa-37579	316	65	of	of	ADP
cjfa-37579	316	66	the	the	DET
cjfa-37579	316	67	previous	previous	ADJ
cjfa-37579	316	68	period	period	NOUN
cjfa-37579	316	69	’s	’s	PART
cjfa-37579	316	70	squared	square	VERB
cjfa-37579	316	71	residual	residual	ADJ
cjfa-37579	316	72	of	of	ADP
cjfa-37579	316	73	the	the	DET
cjfa-37579	316	74	mean	mean	ADJ
cjfa-37579	316	75	return	return	NOUN
cjfa-37579	316	76	equation	equation	NOUN
cjfa-37579	316	77	(	(	PUNCT
cjfa-37579	316	78	∑	∑	PART
cjfa-37579	316	79	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	316	80	�	�	PROPN
cjfa-37579	316	81	�	�	PROPN
cjfa-37579	316	82	�	�	PROPN
cjfa-37579	316	83	�	�	PROPN
cjfa-37579	316	84	�	�	PROPN
cjfa-37579	316	85	�	�	PROPN
cjfa-37579	316	86	�	�	PROPN
cjfa-37579	316	87	�	�	PROPN
cjfa-37579	316	88	)	)	PUNCT
cjfa-37579	316	89	and	and	CCONJ
cjfa-37579	316	90	estimates	estimate	NOUN
cjfa-37579	316	91	of	of	ADP
cjfa-37579	316	92	the	the	DET
cjfa-37579	316	93	previous	previous	ADJ
cjfa-37579	316	94	period	period	NOUN
cjfa-37579	316	95	’s	’s	PART
cjfa-37579	316	96	return	return	NOUN
cjfa-37579	316	97	variance	variance	NOUN
cjfa-37579	316	98	(	(	PUNCT
cjfa-37579	316	99	∑	∑	PROPN
cjfa-37579	316	100	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	316	101	�	�	PROPN
cjfa-37579	316	102	�	�	PROPN
cjfa-37579	316	103	�	�	PROPN
cjfa-37579	316	104	�	�	PROPN
cjfa-37579	316	105	�	�	PROPN
cjfa-37579	316	106	�	�	PROPN
cjfa-37579	316	107	�	�	PROPN
cjfa-37579	316	108	�	�	PROPN
cjfa-37579	316	109	)	)	PUNCT
cjfa-37579	316	110	.	.	PUNCT
cjfa-37579	317	1	model	model	NOUN
cjfa-37579	317	2	specification	specification	NOUN
cjfa-37579	317	3	this	this	DET
cjfa-37579	317	4	study	study	NOUN
cjfa-37579	317	5	examined	examine	VERB
cjfa-37579	317	6	the	the	DET
cjfa-37579	317	7	risk	risk	NOUN
cjfa-37579	317	8	-	-	PUNCT
cjfa-37579	317	9	return	return	NOUN
cjfa-37579	317	10	relationship	relationship	NOUN
cjfa-37579	317	11	of	of	ADP
cjfa-37579	317	12	returns	return	NOUN
cjfa-37579	317	13	and	and	CCONJ
cjfa-37579	317	14	evaluates	evaluate	VERB
cjfa-37579	317	15	good	good	ADJ
cjfa-37579	317	16	and	and	CCONJ
cjfa-37579	317	17	bad	bad	ADJ
cjfa-37579	317	18	news	news	NOUN
cjfa-37579	317	19	during	during	ADP
cjfa-37579	317	20	covid-19	covid-19	PROPN
cjfa-37579	317	21	.	.	PUNCT
cjfa-37579	318	1	variant	variant	ADJ
cjfa-37579	318	2	auto	auto	NOUN
cjfa-37579	318	3	-	-	PUNCT
cjfa-37579	318	4	regressive	regressive	ADJ
cjfa-37579	318	5	conditional	conditional	ADJ
cjfa-37579	318	6	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	318	7	(	(	PUNCT
cjfa-37579	318	8	arch	arch	ADJ
cjfa-37579	318	9	)	)	PUNCT
cjfa-37579	318	10	models	model	NOUN
cjfa-37579	318	11	were	be	AUX
cjfa-37579	318	12	used	use	VERB
cjfa-37579	318	13	to	to	PART
cjfa-37579	318	14	achieve	achieve	VERB
cjfa-37579	318	15	the	the	DET
cjfa-37579	318	16	purpose	purpose	NOUN
cjfa-37579	318	17	of	of	ADP
cjfa-37579	318	18	the	the	DET
cjfa-37579	318	19	study	study	NOUN
cjfa-37579	318	20	under	under	ADP
cjfa-37579	318	21	three	three	NUM
cjfa-37579	318	22	(	(	PUNCT
cjfa-37579	318	23	3	3	NUM
cjfa-37579	318	24	)	)	PUNCT
cjfa-37579	318	25	distributional	distributional	ADJ
cjfa-37579	318	26	assumptions	assumption	NOUN
cjfa-37579	318	27	.	.	PUNCT
cjfa-37579	319	1	the	the	DET
cjfa-37579	319	2	following	follow	VERB
cjfa-37579	319	3	is	be	AUX
cjfa-37579	319	4	the	the	DET
cjfa-37579	319	5	general	general	ADJ
cjfa-37579	319	6	form	form	NOUN
cjfa-37579	319	7	of	of	ADP
cjfa-37579	319	8	the	the	DET
cjfa-37579	319	9	panel	panel	NOUN
cjfa-37579	319	10	garch	garch	NOUN
cjfa-37579	319	11	model	model	NOUN
cjfa-37579	319	12	used	use	VERB
cjfa-37579	319	13	in	in	ADP
cjfa-37579	319	14	this	this	DET
cjfa-37579	319	15	research	research	NOUN
cjfa-37579	319	16	:	:	PUNCT
cjfa-37579	319	17	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	319	18	�	�	PROPN
cjfa-37579	319	19	�	�	PROPN
cjfa-37579	319	20	�	�	PROPN
cjfa-37579	319	21	=	=	SYM
cjfa-37579	319	22	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	319	23	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	319	24	�	�	PROPN
cjfa-37579	319	25	�	�	PROPN
cjfa-37579	319	26	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	319	27	�	�	PROPN
cjfa-37579	319	28	�	�	PROPN
cjfa-37579	319	29	�	�	PROPN
cjfa-37579	319	30	�	�	PROPN
cjfa-37579	319	31	�	�	PROPN
cjfa-37579	319	32	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	319	33	�	�	PROPN
cjfa-37579	319	34	�	�	PROPN
cjfa-37579	319	35	�	�	PROPN
cjfa-37579	319	36	cross	cross	NOUN
cjfa-37579	319	37	-	-	NOUN
cjfa-37579	319	38	section	section	ADJ
cjfa-37579	319	39	mean	mean	NOUN
cjfa-37579	319	40	return	return	NOUN
cjfa-37579	319	41	equation	equation	NOUN
cjfa-37579	319	42	for	for	ADP
cjfa-37579	319	43	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	319	44	�	�	PROPN
cjfa-37579	319	45	�	�	PROPN
cjfa-37579	319	46	�	�	PROPN
cjfa-37579	319	47	(	(	PUNCT
cjfa-37579	319	48	7	7	NUM
cjfa-37579	319	49	)	)	PUNCT
cjfa-37579	319	50	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	319	51	�	�	PROPN
cjfa-37579	319	52	�	�	PROPN
cjfa-37579	319	53	�	�	PROPN
cjfa-37579	319	54	=	=	PUNCT
cjfa-37579	319	55	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	319	56	𝐶	𝐶	PROPN
cjfa-37579	319	57	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	319	58	�	�	PROPN
cjfa-37579	319	59	�	�	PROPN
cjfa-37579	319	60	�	�	PROPN
cjfa-37579	319	61	�	�	PROPN
cjfa-37579	319	62	�	�	PROPN
cjfa-37579	319	63	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	319	64	𝐶𝛽𝛽𝜎𝜎	𝐶𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	319	65	�	�	PROPN
cjfa-37579	319	66	�	�	PROPN
cjfa-37579	319	67	�	�	PROPN
cjfa-37579	319	68	�	�	PROPN
cjfa-37579	319	69	�	�	PROPN
cjfa-37579	319	70	cross	cross	NOUN
cjfa-37579	319	71	-	-	ADJ
cjfa-37579	319	72	section	section	ADJ
cjfa-37579	319	73	variance	variance	NOUN
cjfa-37579	319	74	of	of	ADP
cjfa-37579	319	75	return	return	NOUN
cjfa-37579	319	76	equation	equation	NOUN
cjfa-37579	319	77	(	(	PUNCT
cjfa-37579	319	78	8)	8)	NUM
cjfa-37579	319	79	where	where	SCONJ
cjfa-37579	319	80	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	319	81	�	�	PROPN
cjfa-37579	319	82	�	�	PROPN
cjfa-37579	319	83	�	�	PROPN
cjfa-37579	319	84	represents	represent	VERB
cjfa-37579	319	85	the	the	DET
cjfa-37579	319	86	cross	cross	ADJ
cjfa-37579	319	87	-	-	ADJ
cjfa-37579	319	88	section	section	ADJ
cjfa-37579	319	89	return	return	NOUN
cjfa-37579	319	90	variance	variance	NOUN
cjfa-37579	319	91	(	(	PUNCT
cjfa-37579	319	92	error	error	NOUN
cjfa-37579	319	93	term	term	NOUN
cjfa-37579	319	94	from	from	ADP
cjfa-37579	319	95	the	the	DET
cjfa-37579	319	96	mean	mean	ADJ
cjfa-37579	319	97	return	return	NOUN
cjfa-37579	319	98	equation	equation	NOUN
cjfa-37579	319	99	)	)	PUNCT
cjfa-37579	319	100	is	be	AUX
cjfa-37579	319	101	determined	determine	VERB
cjfa-37579	319	102	by	by	ADP
cjfa-37579	319	103	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	319	104	representing	represent	VERB
cjfa-37579	319	105	the	the	DET
cjfa-37579	319	106	constant	constant	ADJ
cjfa-37579	319	107	,	,	PUNCT
cjfa-37579	319	108	𝛼𝛼	𝛼𝛼	AUX
cjfa-37579	319	109	�	�	PROPN
cjfa-37579	319	110	�	�	PROPN
cjfa-37579	319	111	�	�	PROPN
cjfa-37579	319	112	�	�	PROPN
cjfa-37579	319	113	�	�	PROPN
cjfa-37579	319	114	representing	represent	VERB
cjfa-37579	319	115	the	the	DET
cjfa-37579	319	116	arch	arch	ADJ
cjfa-37579	319	117	term	term	NOUN
cjfa-37579	319	118	showing	show	VERB
cjfa-37579	319	119	the	the	DET
cjfa-37579	319	120	past	past	ADJ
cjfa-37579	319	121	period	period	NOUN
cjfa-37579	319	122	’s	’s	PART
cjfa-37579	319	123	cross	cross	NOUN
cjfa-37579	319	124	-	-	ADJ
cjfa-37579	319	125	section	section	ADJ
cjfa-37579	319	126	squared	square	VERB
cjfa-37579	319	127	error	error	NOUN
cjfa-37579	319	128	term	term	NOUN
cjfa-37579	319	129	derived	derive	VERB
cjfa-37579	319	130	from	from	ADP
cjfa-37579	319	131	the	the	DET
cjfa-37579	319	132	mean	mean	ADJ
cjfa-37579	319	133	return	return	NOUN
cjfa-37579	319	134	equation	equation	NOUN
cjfa-37579	319	135	and	and	CCONJ
cjfa-37579	319	136	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	319	137	�	�	PROPN
cjfa-37579	319	138	�	�	PROPN
cjfa-37579	319	139	�	�	PROPN
cjfa-37579	319	140	�	�	PROPN
cjfa-37579	319	141	�	�	PROPN
cjfa-37579	319	142	representing	represent	VERB
cjfa-37579	319	143	the	the	DET
cjfa-37579	319	144	garch	garch	NOUN
cjfa-37579	319	145	term	term	NOUN
cjfa-37579	319	146	showing	show	VERB
cjfa-37579	319	147	the	the	DET
cjfa-37579	319	148	past	past	ADJ
cjfa-37579	319	149	period	period	NOUN
cjfa-37579	319	150	’s	’s	PART
cjfa-37579	319	151	cross	cross	ADJ
cjfa-37579	319	152	-	-	ADJ
cjfa-37579	319	153	section	section	ADJ
cjfa-37579	319	154	variance	variance	NOUN
cjfa-37579	319	155	of	of	ADP
cjfa-37579	319	156	the	the	DET
cjfa-37579	319	157	return	return	NOUN
cjfa-37579	319	158	.	.	PUNCT
cjfa-37579	320	1	risk	risk	NOUN
cjfa-37579	320	2	-	-	PUNCT
cjfa-37579	320	3	return	return	NOUN
cjfa-37579	320	4	during	during	ADP
cjfa-37579	320	5	covid-19	covid-19	PROPN
cjfa-37579	320	6	the	the	DET
cjfa-37579	320	7	panel	panel	NOUN
cjfa-37579	320	8	garch	garch	NOUN
cjfa-37579	320	9	-	-	PUNCT
cjfa-37579	320	10	in	in	ADP
cjfa-37579	320	11	-	-	PUNCT
cjfa-37579	320	12	mean	mean	NOUN
cjfa-37579	320	13	(	(	PUNCT
cjfa-37579	320	14	garch	garch	NOUN
cjfa-37579	320	15	-	-	PUNCT
cjfa-37579	320	16	m	m	NOUN
cjfa-37579	320	17	)	)	PUNCT
cjfa-37579	320	18	model	model	NOUN
cjfa-37579	320	19	used	use	VERB
cjfa-37579	320	20	to	to	PART
cjfa-37579	320	21	measure	measure	VERB
cjfa-37579	320	22	the	the	DET
cjfa-37579	320	23	risk	risk	NOUN
cjfa-37579	320	24	-	-	PUNCT
cjfa-37579	320	25	return	return	NOUN
cjfa-37579	320	26	relationship	relationship	NOUN
cjfa-37579	320	27	was	be	AUX
cjfa-37579	320	28	as	as	SCONJ
cjfa-37579	320	29	follows	follow	VERB
cjfa-37579	320	30	:	:	PUNCT
cjfa-37579	320	31	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	320	32	�	�	PROPN
cjfa-37579	320	33	�	�	PROPN
cjfa-37579	320	34	�	�	PROPN
cjfa-37579	320	35	=	=	PUNCT
cjfa-37579	320	36	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	320	37	𝐶	𝐶	PROPN
cjfa-37579	320	38	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	320	39	�	�	PROPN
cjfa-37579	320	40	�	�	PROPN
cjfa-37579	320	41	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	320	42	�	�	PROPN
cjfa-37579	320	43	�	�	PROPN
cjfa-37579	320	44	)	)	PUNCT
cjfa-37579	320	45	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	320	46	�	�	PROPN
cjfa-37579	320	47	�	�	PROPN
cjfa-37579	320	48	�	�	PROPN
cjfa-37579	320	49	(	(	PUNCT
cjfa-37579	320	50	9	9	NUM
cjfa-37579	320	51	)	)	PUNCT
cjfa-37579	320	52	where	where	SCONJ
cjfa-37579	320	53	𝑔𝑔𝑔.	𝑔𝑔𝑔.	NOUN
cjfa-37579	320	54	)	)	PUNCT
cjfa-37579	320	55	is	be	AUX
cjfa-37579	320	56	the	the	DET
cjfa-37579	320	57	arbitrary	arbitrary	ADJ
cjfa-37579	320	58	volatility	volatility	NOUN
cjfa-37579	320	59	function	function	NOUN
cjfa-37579	320	60	of	of	ADP
cjfa-37579	320	61	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	320	62	�	�	PROPN
cjfa-37579	320	63	�	�	PROPN
cjfa-37579	320	64	,	,	PUNCT
cjfa-37579	320	65	the	the	DET
cjfa-37579	320	66	cross	cross	ADJ
cjfa-37579	320	67	-	-	ADJ
cjfa-37579	320	68	section	section	ADJ
cjfa-37579	320	69	garch	garch	NOUN
cjfa-37579	320	70	-	-	PUNCT
cjfa-37579	320	71	m	m	PROPN
cjfa-37579	320	72	was	be	AUX
cjfa-37579	320	73	specified	specify	VERB
cjfa-37579	320	74	with	with	ADP
cjfa-37579	320	75	cross	cross	ADJ
cjfa-37579	320	76	-	-	ADJ
cjfa-37579	320	77	section	section	ADJ
cjfa-37579	320	78	garch	garch	NOUN
cjfa-37579	320	79	conditional	conditional	ADJ
cjfa-37579	320	80	variance	variance	NOUN
cjfa-37579	320	81	specification	specification	NOUN
cjfa-37579	320	82	and	and	CCONJ
cjfa-37579	320	83	the	the	DET
cjfa-37579	320	84	function	function	NOUN
cjfa-37579	320	85	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	320	86	�	�	PROPN
cjfa-37579	320	87	�	�	PROPN
cjfa-37579	320	88	)	)	PUNCT
cjfa-37579	320	89	is	be	AUX
cjfa-37579	320	90	the	the	DET
cjfa-37579	320	91	standard	standard	ADJ
cjfa-37579	320	92	deviation	deviation	NOUN
cjfa-37579	320	93	in	in	ADP
cjfa-37579	320	94	mean	mean	NOUN
cjfa-37579	320	95	(	(	PUNCT
cjfa-37579	320	96	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	320	97	�	�	PROPN
cjfa-37579	320	98	�	�	PROPN
cjfa-37579	320	99	)	)	PUNCT
cjfa-37579	320	100	.	.	PUNCT
cjfa-37579	321	1	positive	positive	ADJ
cjfa-37579	321	2	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	321	3	�	�	PROPN
cjfa-37579	321	4	�	�	PROPN
cjfa-37579	321	5	indicates	indicate	VERB
cjfa-37579	321	6	higher	high	ADJ
cjfa-37579	321	7	risk	risk	NOUN
cjfa-37579	321	8	leading	lead	VERB
cjfa-37579	321	9	to	to	ADP
cjfa-37579	321	10	higher	high	ADJ
cjfa-37579	321	11	average	average	ADJ
cjfa-37579	321	12	return	return	NOUN
cjfa-37579	321	13	and	and	CCONJ
cjfa-37579	321	14	vice	vice	NOUN
cjfa-37579	321	15	versa	versa	ADV
cjfa-37579	321	16	.	.	PUNCT
cjfa-37579	322	1	the	the	DET
cjfa-37579	322	2	a	a	DET
cjfa-37579	322	3	priori	priori	ADJ
cjfa-37579	322	4	expectation	expectation	NOUN
cjfa-37579	322	5	of	of	ADP
cjfa-37579	322	6	garch	garch	NOUN
cjfa-37579	322	7	-	-	PUNCT
cjfa-37579	322	8	in	in	ADP
cjfa-37579	322	9	-	-	PUNCT
cjfa-37579	322	10	mean	mean	NOUN
cjfa-37579	322	11	is	be	AUX
cjfa-37579	322	12	0	0	NUM
cjfa-37579	322	13	>	>	PUNCT
cjfa-37579	322	14	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	322	15	�	�	PROPN
cjfa-37579	322	16	�	�	PROPN
cjfa-37579	322	17	>	>	X
cjfa-37579	322	18	0	0	PROPN
cjfa-37579	322	19	,	,	PUNCT
cjfa-37579	322	20	indicating	indicate	VERB
cjfa-37579	322	21	that	that	SCONJ
cjfa-37579	322	22	the	the	DET
cjfa-37579	322	23	risk	risk	NOUN
cjfa-37579	322	24	-	-	PUNCT
cjfa-37579	322	25	return	return	NOUN
cjfa-37579	322	26	relationship	relationship	NOUN
cjfa-37579	322	27	can	can	AUX
cjfa-37579	322	28	be	be	AUX
cjfa-37579	322	29	positive	positive	ADJ
cjfa-37579	322	30	or	or	CCONJ
cjfa-37579	322	31	negative	negative	ADJ
cjfa-37579	322	32	.	.	PUNCT
cjfa-37579	323	1	good	good	ADJ
cjfa-37579	323	2	and	and	CCONJ
cjfa-37579	323	3	bad	bad	ADJ
cjfa-37579	323	4	news	news	NOUN
cjfa-37579	323	5	during	during	ADP
cjfa-37579	323	6	covid-19	covid-19	PROPN
cjfa-37579	323	7	threshold	threshold	NOUN
cjfa-37579	323	8	garch	garch	NOUN
cjfa-37579	323	9	(	(	PUNCT
cjfa-37579	323	10	tgarch	tgarch	NOUN
cjfa-37579	323	11	/	/	SYM
cjfa-37579	323	12	tarch	tarch	NOUN
cjfa-37579	323	13	)	)	PUNCT
cjfa-37579	323	14	permits	permit	VERB
cjfa-37579	323	15	asymmetric	asymmetric	ADJ
cjfa-37579	323	16	effect	effect	NOUN
cjfa-37579	323	17	between	between	ADP
cjfa-37579	323	18	positive	positive	ADJ
cjfa-37579	323	19	and	and	CCONJ
cjfa-37579	323	20	negative	negative	ADJ
cjfa-37579	323	21	news	news	NOUN
cjfa-37579	323	22	on	on	ADP
cjfa-37579	323	23	cross	cross	ADJ
cjfa-37579	323	24	-	-	ADJ
cjfa-37579	323	25	section	section	ADJ
cjfa-37579	323	26	stock	stock	NOUN
cjfa-37579	323	27	returns	return	NOUN
cjfa-37579	323	28	with	with	ADP
cjfa-37579	323	29	general	general	ADJ
cjfa-37579	323	30	description	description	NOUN
cjfa-37579	323	31	stated	state	VERB
cjfa-37579	323	32	below:𝐶𝜎𝜎	below:𝐶𝜎𝜎	PROPN
cjfa-37579	323	33	�	�	PROPN
cjfa-37579	323	34	�	�	PROPN
cjfa-37579	323	35	�	�	PROPN
cjfa-37579	323	36	=	=	PUNCT
cjfa-37579	323	37	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	323	38	+	+	CCONJ
cjfa-37579	323	39	∑	∑	PROPN
cjfa-37579	323	40	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	323	41	�	�	PROPN
cjfa-37579	323	42	�	�	PROPN
cjfa-37579	323	43	�	�	PROPN
cjfa-37579	323	44	�	�	PROPN
cjfa-37579	323	45	�	�	PROPN
cjfa-37579	323	46	�	�	PROPN
cjfa-37579	323	47	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	323	48	�	�	PROPN
cjfa-37579	323	49	�	�	PROPN
cjfa-37579	323	50	�	�	PROPN
cjfa-37579	323	51	�	�	PROPN
cjfa-37579	323	52	�	�	PROPN
cjfa-37579	324	1	+	+	CCONJ
cjfa-37579	324	2	∑	∑	PROPN
cjfa-37579	324	3	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	324	4	�	�	PROPN
cjfa-37579	324	5	�	�	PROPN
cjfa-37579	324	6	�	�	PROPN
cjfa-37579	324	7	�	�	PROPN
cjfa-37579	324	8	�	�	PROPN
cjfa-37579	324	9	�	�	PROPN
cjfa-37579	324	10	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	324	11	�	�	PROPN
cjfa-37579	324	12	�	�	PROPN
cjfa-37579	324	13	�	�	PROPN
cjfa-37579	324	14	�	�	PROPN
cjfa-37579	324	15	�	�	PROPN
cjfa-37579	324	16	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	324	17	�	�	PROPN
cjfa-37579	324	18	�	�	PROPN
cjfa-37579	324	19	�	�	PROPN
cjfa-37579	324	20	�	�	PROPN
cjfa-37579	324	21	+	+	CCONJ
cjfa-37579	324	22	∑	∑	PROPN
cjfa-37579	324	23	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	324	24	�	�	PROPN
cjfa-37579	324	25	�	�	PROPN
cjfa-37579	324	26	�	�	PROPN
cjfa-37579	324	27	�	�	PROPN
cjfa-37579	324	28	�	�	PROPN
cjfa-37579	324	29	�	�	PROPN
cjfa-37579	324	30	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	324	31	�	�	PROPN
cjfa-37579	324	32	�	�	PROPN
cjfa-37579	324	33	�	�	PROPN
cjfa-37579	324	34	�	�	PROPN
cjfa-37579	324	35	�	�	PROPN
cjfa-37579	324	36	(	(	PUNCT
cjfa-37579	324	37	10	10	NUM
cjfa-37579	324	38	)	)	PUNCT
cjfa-37579	324	39	represents	represent	VERB
cjfa-37579	324	40	the	the	DET
cjfa-37579	324	41	cross	cross	ADJ
cjfa-37579	324	42	-	-	ADJ
cjfa-37579	324	43	section	section	ADJ
cjfa-37579	324	44	return	return	NOUN
cjfa-37579	324	45	variance	variance	NOUN
cjfa-37579	324	46	(	(	PUNCT
cjfa-37579	324	47	error	error	NOUN
cjfa-37579	324	48	term	term	NOUN
cjfa-37579	324	49	from	from	ADP
cjfa-37579	324	50	the	the	DET
cjfa-37579	324	51	mean	mean	ADJ
cjfa-37579	324	52	return	return	NOUN
cjfa-37579	324	53	equation	equation	NOUN
cjfa-37579	324	54	)	)	PUNCT
cjfa-37579	324	55	is	be	AUX
cjfa-37579	324	56	determined	determine	VERB
cjfa-37579	324	57	by	by	ADP
cjfa-37579	324	58	ω	ω	NOUN
cjfa-37579	324	59	representing	represent	VERB
cjfa-37579	324	60	the	the	DET
cjfa-37579	324	61	constant	constant	ADJ
cjfa-37579	324	62	,	,	PUNCT
cjfa-37579	324	63	(	(	PUNCT
cjfa-37579	324	64	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	324	65	�	�	PROPN
cjfa-37579	324	66	�	�	PROPN
cjfa-37579	324	67	)	)	PUNCT
cjfa-37579	324	68	is	be	AUX
cjfa-37579	324	69	determined	determine	VERB
cjfa-37579	324	70	by	by	ADP
cjfa-37579	324	71	a	a	DET
cjfa-37579	324	72	constant	constant	ADJ
cjfa-37579	324	73	(	(	PUNCT
cjfa-37579	324	74	𝜔𝜔	𝜔𝜔	NOUN
cjfa-37579	324	75	)	)	PUNCT
cjfa-37579	324	76	,	,	PUNCT
cjfa-37579	324	77	estimates	estimate	NOUN
cjfa-37579	324	78	of	of	ADP
cjfa-37579	324	79	the	the	DET
cjfa-37579	324	80	previous	previous	ADJ
cjfa-37579	324	81	period	period	NOUN
cjfa-37579	324	82	’s	’s	PART
cjfa-37579	324	83	squared	square	VERB
cjfa-37579	324	84	residual	residual	ADJ
cjfa-37579	324	85	of	of	ADP
cjfa-37579	324	86	the	the	DET
cjfa-37579	324	87	mean	mean	ADJ
cjfa-37579	324	88	return	return	NOUN
cjfa-37579	324	89	equation	equation	NOUN
cjfa-37579	324	90	(	(	PUNCT
cjfa-37579	324	91	∑	∑	PART
cjfa-37579	324	92	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	324	93	�	�	PROPN
cjfa-37579	324	94	�	�	PROPN
cjfa-37579	324	95	�	�	PROPN
cjfa-37579	324	96	�	�	PROPN
cjfa-37579	324	97	�	�	PROPN
cjfa-37579	324	98	�	�	PROPN
cjfa-37579	324	99	�	�	PROPN
cjfa-37579	324	100	�	�	PROPN
cjfa-37579	324	101	)	)	PUNCT
cjfa-37579	324	102	and	and	CCONJ
cjfa-37579	324	103	estimates	estimate	NOUN
cjfa-37579	324	104	of	of	ADP
cjfa-37579	324	105	the	the	DET
cjfa-37579	324	106	previous	previous	ADJ
cjfa-37579	324	107	period	period	NOUN
cjfa-37579	324	108	’s	’s	PART
cjfa-37579	324	109	return	return	NOUN
cjfa-37579	324	110	variance	variance	NOUN
cjfa-37579	324	111	(	(	PUNCT
cjfa-37579	324	112	∑	∑	PROPN
cjfa-37579	324	113	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	324	114	�	�	PROPN
cjfa-37579	324	115	�	�	PROPN
cjfa-37579	324	116	�	�	PROPN
cjfa-37579	324	117	�	�	PROPN
cjfa-37579	324	118	�	�	PROPN
cjfa-37579	324	119	�	�	PROPN
cjfa-37579	324	120	�	�	PROPN
cjfa-37579	324	121	�	�	PROPN
cjfa-37579	324	122	)	)	PUNCT
cjfa-37579	324	123	.	.	PUNCT
cjfa-37579	325	1	model	model	NOUN
cjfa-37579	325	2	specification	specification	NOUN
cjfa-37579	325	3	this	this	DET
cjfa-37579	325	4	study	study	NOUN
cjfa-37579	325	5	examined	examine	VERB
cjfa-37579	325	6	the	the	DET
cjfa-37579	325	7	risk	risk	NOUN
cjfa-37579	325	8	-	-	PUNCT
cjfa-37579	325	9	return	return	NOUN
cjfa-37579	325	10	relationship	relationship	NOUN
cjfa-37579	325	11	of	of	ADP
cjfa-37579	325	12	returns	return	NOUN
cjfa-37579	325	13	and	and	CCONJ
cjfa-37579	325	14	evaluates	evaluate	VERB
cjfa-37579	325	15	good	good	ADJ
cjfa-37579	325	16	and	and	CCONJ
cjfa-37579	325	17	bad	bad	ADJ
cjfa-37579	325	18	news	news	NOUN
cjfa-37579	325	19	during	during	ADP
cjfa-37579	325	20	covid-19	covid-19	PROPN
cjfa-37579	325	21	.	.	PUNCT
cjfa-37579	326	1	variant	variant	ADJ
cjfa-37579	326	2	auto	auto	NOUN
cjfa-37579	326	3	-	-	PUNCT
cjfa-37579	326	4	regressive	regressive	ADJ
cjfa-37579	326	5	conditional	conditional	ADJ
cjfa-37579	326	6	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	326	7	(	(	PUNCT
cjfa-37579	326	8	arch	arch	ADJ
cjfa-37579	326	9	)	)	PUNCT
cjfa-37579	326	10	models	model	NOUN
cjfa-37579	326	11	were	be	AUX
cjfa-37579	326	12	used	use	VERB
cjfa-37579	326	13	to	to	PART
cjfa-37579	326	14	achieve	achieve	VERB
cjfa-37579	326	15	the	the	DET
cjfa-37579	326	16	purpose	purpose	NOUN
cjfa-37579	326	17	of	of	ADP
cjfa-37579	326	18	the	the	DET
cjfa-37579	326	19	study	study	NOUN
cjfa-37579	326	20	under	under	ADP
cjfa-37579	326	21	three	three	NUM
cjfa-37579	326	22	(	(	PUNCT
cjfa-37579	326	23	3	3	NUM
cjfa-37579	326	24	)	)	PUNCT
cjfa-37579	326	25	distributional	distributional	ADJ
cjfa-37579	326	26	assumptions	assumption	NOUN
cjfa-37579	326	27	.	.	PUNCT
cjfa-37579	327	1	the	the	DET
cjfa-37579	327	2	following	follow	VERB
cjfa-37579	327	3	is	be	AUX
cjfa-37579	327	4	the	the	DET
cjfa-37579	327	5	general	general	ADJ
cjfa-37579	327	6	form	form	NOUN
cjfa-37579	327	7	of	of	ADP
cjfa-37579	327	8	the	the	DET
cjfa-37579	327	9	panel	panel	NOUN
cjfa-37579	327	10	garch	garch	NOUN
cjfa-37579	327	11	model	model	NOUN
cjfa-37579	327	12	used	use	VERB
cjfa-37579	327	13	in	in	ADP
cjfa-37579	327	14	this	this	DET
cjfa-37579	327	15	research	research	NOUN
cjfa-37579	327	16	:	:	PUNCT
cjfa-37579	327	17	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	327	18	�	�	PROPN
cjfa-37579	327	19	�	�	PROPN
cjfa-37579	327	20	�	�	PROPN
cjfa-37579	327	21	=	=	SYM
cjfa-37579	327	22	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	327	23	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	327	24	�	�	PROPN
cjfa-37579	327	25	�	�	PROPN
cjfa-37579	327	26	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	327	27	�	�	PROPN
cjfa-37579	327	28	�	�	PROPN
cjfa-37579	327	29	�	�	PROPN
cjfa-37579	327	30	�	�	PROPN
cjfa-37579	327	31	�	�	PROPN
cjfa-37579	327	32	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	327	33	�	�	PROPN
cjfa-37579	327	34	�	�	PROPN
cjfa-37579	327	35	�	�	PROPN
cjfa-37579	327	36	cross	cross	NOUN
cjfa-37579	327	37	-	-	NOUN
cjfa-37579	327	38	section	section	ADJ
cjfa-37579	327	39	mean	mean	NOUN
cjfa-37579	327	40	return	return	NOUN
cjfa-37579	327	41	equation	equation	NOUN
cjfa-37579	327	42	for	for	ADP
cjfa-37579	327	43	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	327	44	�	�	PROPN
cjfa-37579	327	45	�	�	PROPN
cjfa-37579	327	46	�	�	PROPN
cjfa-37579	327	47	(	(	PUNCT
cjfa-37579	327	48	7	7	NUM
cjfa-37579	327	49	)	)	PUNCT
cjfa-37579	327	50	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	327	51	�	�	PROPN
cjfa-37579	327	52	�	�	PROPN
cjfa-37579	327	53	�	�	PROPN
cjfa-37579	327	54	=	=	PUNCT
cjfa-37579	327	55	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	327	56	𝐶	𝐶	PROPN
cjfa-37579	327	57	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	327	58	�	�	PROPN
cjfa-37579	327	59	�	�	PROPN
cjfa-37579	327	60	�	�	PROPN
cjfa-37579	327	61	�	�	PROPN
cjfa-37579	327	62	�	�	PROPN
cjfa-37579	327	63	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	327	64	𝐶𝛽𝛽𝜎𝜎	𝐶𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	327	65	�	�	PROPN
cjfa-37579	327	66	�	�	PROPN
cjfa-37579	327	67	�	�	PROPN
cjfa-37579	327	68	�	�	PROPN
cjfa-37579	327	69	�	�	PROPN
cjfa-37579	327	70	cross	cross	NOUN
cjfa-37579	327	71	-	-	ADJ
cjfa-37579	327	72	section	section	ADJ
cjfa-37579	327	73	variance	variance	NOUN
cjfa-37579	327	74	of	of	ADP
cjfa-37579	327	75	return	return	NOUN
cjfa-37579	327	76	equation	equation	NOUN
cjfa-37579	327	77	(	(	PUNCT
cjfa-37579	327	78	8)	8)	NUM
cjfa-37579	327	79	where	where	SCONJ
cjfa-37579	327	80	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	327	81	�	�	PROPN
cjfa-37579	327	82	�	�	PROPN
cjfa-37579	327	83	�	�	PROPN
cjfa-37579	327	84	represents	represent	VERB
cjfa-37579	327	85	the	the	DET
cjfa-37579	327	86	cross	cross	ADJ
cjfa-37579	327	87	-	-	ADJ
cjfa-37579	327	88	section	section	ADJ
cjfa-37579	327	89	return	return	NOUN
cjfa-37579	327	90	variance	variance	NOUN
cjfa-37579	327	91	(	(	PUNCT
cjfa-37579	327	92	error	error	NOUN
cjfa-37579	327	93	term	term	NOUN
cjfa-37579	327	94	from	from	ADP
cjfa-37579	327	95	the	the	DET
cjfa-37579	327	96	mean	mean	ADJ
cjfa-37579	327	97	return	return	NOUN
cjfa-37579	327	98	equation	equation	NOUN
cjfa-37579	327	99	)	)	PUNCT
cjfa-37579	327	100	is	be	AUX
cjfa-37579	327	101	determined	determine	VERB
cjfa-37579	327	102	by	by	ADP
cjfa-37579	327	103	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	327	104	representing	represent	VERB
cjfa-37579	327	105	the	the	DET
cjfa-37579	327	106	constant	constant	ADJ
cjfa-37579	327	107	,	,	PUNCT
cjfa-37579	327	108	𝛼𝛼	𝛼𝛼	AUX
cjfa-37579	327	109	�	�	PROPN
cjfa-37579	327	110	�	�	PROPN
cjfa-37579	327	111	�	�	PROPN
cjfa-37579	327	112	�	�	PROPN
cjfa-37579	327	113	�	�	PROPN
cjfa-37579	327	114	representing	represent	VERB
cjfa-37579	327	115	the	the	DET
cjfa-37579	327	116	arch	arch	ADJ
cjfa-37579	327	117	term	term	NOUN
cjfa-37579	327	118	showing	show	VERB
cjfa-37579	327	119	the	the	DET
cjfa-37579	327	120	past	past	ADJ
cjfa-37579	327	121	period	period	NOUN
cjfa-37579	327	122	’s	’s	PART
cjfa-37579	327	123	cross	cross	NOUN
cjfa-37579	327	124	-	-	ADJ
cjfa-37579	327	125	section	section	ADJ
cjfa-37579	327	126	squared	square	VERB
cjfa-37579	327	127	error	error	NOUN
cjfa-37579	327	128	term	term	NOUN
cjfa-37579	327	129	derived	derive	VERB
cjfa-37579	327	130	from	from	ADP
cjfa-37579	327	131	the	the	DET
cjfa-37579	327	132	mean	mean	ADJ
cjfa-37579	327	133	return	return	NOUN
cjfa-37579	327	134	equation	equation	NOUN
cjfa-37579	327	135	and	and	CCONJ
cjfa-37579	327	136	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	327	137	�	�	PROPN
cjfa-37579	327	138	�	�	PROPN
cjfa-37579	327	139	�	�	PROPN
cjfa-37579	327	140	�	�	PROPN
cjfa-37579	327	141	�	�	PROPN
cjfa-37579	327	142	representing	represent	VERB
cjfa-37579	327	143	the	the	DET
cjfa-37579	327	144	garch	garch	NOUN
cjfa-37579	327	145	term	term	NOUN
cjfa-37579	327	146	showing	show	VERB
cjfa-37579	327	147	the	the	DET
cjfa-37579	327	148	past	past	ADJ
cjfa-37579	327	149	period	period	NOUN
cjfa-37579	327	150	’s	’s	PART
cjfa-37579	327	151	cross	cross	ADJ
cjfa-37579	327	152	-	-	ADJ
cjfa-37579	327	153	section	section	ADJ
cjfa-37579	327	154	variance	variance	NOUN
cjfa-37579	327	155	of	of	ADP
cjfa-37579	327	156	the	the	DET
cjfa-37579	327	157	return	return	NOUN
cjfa-37579	327	158	.	.	PUNCT
cjfa-37579	328	1	risk	risk	NOUN
cjfa-37579	328	2	-	-	PUNCT
cjfa-37579	328	3	return	return	NOUN
cjfa-37579	328	4	during	during	ADP
cjfa-37579	328	5	covid-19	covid-19	PROPN
cjfa-37579	328	6	the	the	DET
cjfa-37579	328	7	panel	panel	NOUN
cjfa-37579	328	8	garch	garch	NOUN
cjfa-37579	328	9	-	-	PUNCT
cjfa-37579	328	10	in	in	ADP
cjfa-37579	328	11	-	-	PUNCT
cjfa-37579	328	12	mean	mean	NOUN
cjfa-37579	328	13	(	(	PUNCT
cjfa-37579	328	14	garch	garch	NOUN
cjfa-37579	328	15	-	-	PUNCT
cjfa-37579	328	16	m	m	NOUN
cjfa-37579	328	17	)	)	PUNCT
cjfa-37579	328	18	model	model	NOUN
cjfa-37579	328	19	used	use	VERB
cjfa-37579	328	20	to	to	PART
cjfa-37579	328	21	measure	measure	VERB
cjfa-37579	328	22	the	the	DET
cjfa-37579	328	23	risk	risk	NOUN
cjfa-37579	328	24	-	-	PUNCT
cjfa-37579	328	25	return	return	NOUN
cjfa-37579	328	26	relationship	relationship	NOUN
cjfa-37579	328	27	was	be	AUX
cjfa-37579	328	28	as	as	SCONJ
cjfa-37579	328	29	follows	follow	VERB
cjfa-37579	328	30	:	:	PUNCT
cjfa-37579	328	31	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	328	32	�	�	PROPN
cjfa-37579	328	33	�	�	PROPN
cjfa-37579	328	34	�	�	PROPN
cjfa-37579	328	35	=	=	PUNCT
cjfa-37579	328	36	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	328	37	𝐶	𝐶	PROPN
cjfa-37579	328	38	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	328	39	�	�	PROPN
cjfa-37579	328	40	�	�	PROPN
cjfa-37579	328	41	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	328	42	�	�	PROPN
cjfa-37579	328	43	�	�	PROPN
cjfa-37579	328	44	)	)	PUNCT
cjfa-37579	328	45	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	328	46	�	�	PROPN
cjfa-37579	328	47	�	�	PROPN
cjfa-37579	328	48	�	�	PROPN
cjfa-37579	328	49	(	(	PUNCT
cjfa-37579	328	50	9	9	NUM
cjfa-37579	328	51	)	)	PUNCT
cjfa-37579	328	52	where	where	SCONJ
cjfa-37579	328	53	𝑔𝑔𝑔.	𝑔𝑔𝑔.	NOUN
cjfa-37579	328	54	)	)	PUNCT
cjfa-37579	328	55	is	be	AUX
cjfa-37579	328	56	the	the	DET
cjfa-37579	328	57	arbitrary	arbitrary	ADJ
cjfa-37579	328	58	volatility	volatility	NOUN
cjfa-37579	328	59	function	function	NOUN
cjfa-37579	328	60	of	of	ADP
cjfa-37579	328	61	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	328	62	�	�	PROPN
cjfa-37579	328	63	�	�	PROPN
cjfa-37579	328	64	,	,	PUNCT
cjfa-37579	328	65	the	the	DET
cjfa-37579	328	66	cross	cross	ADJ
cjfa-37579	328	67	-	-	ADJ
cjfa-37579	328	68	section	section	ADJ
cjfa-37579	328	69	garch	garch	NOUN
cjfa-37579	328	70	-	-	PUNCT
cjfa-37579	328	71	m	m	PROPN
cjfa-37579	328	72	was	be	AUX
cjfa-37579	328	73	specified	specify	VERB
cjfa-37579	328	74	with	with	ADP
cjfa-37579	328	75	cross	cross	ADJ
cjfa-37579	328	76	-	-	ADJ
cjfa-37579	328	77	section	section	ADJ
cjfa-37579	328	78	garch	garch	NOUN
cjfa-37579	328	79	conditional	conditional	ADJ
cjfa-37579	328	80	variance	variance	NOUN
cjfa-37579	328	81	specification	specification	NOUN
cjfa-37579	328	82	and	and	CCONJ
cjfa-37579	328	83	the	the	DET
cjfa-37579	328	84	function	function	NOUN
cjfa-37579	328	85	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	328	86	�	�	PROPN
cjfa-37579	328	87	�	�	PROPN
cjfa-37579	328	88	)	)	PUNCT
cjfa-37579	328	89	is	be	AUX
cjfa-37579	328	90	the	the	DET
cjfa-37579	328	91	standard	standard	ADJ
cjfa-37579	328	92	deviation	deviation	NOUN
cjfa-37579	328	93	in	in	ADP
cjfa-37579	328	94	mean	mean	NOUN
cjfa-37579	328	95	(	(	PUNCT
cjfa-37579	328	96	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	328	97	�	�	PROPN
cjfa-37579	328	98	�	�	PROPN
cjfa-37579	328	99	)	)	PUNCT
cjfa-37579	328	100	.	.	PUNCT
cjfa-37579	329	1	positive	positive	ADJ
cjfa-37579	329	2	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	329	3	�	�	PROPN
cjfa-37579	329	4	�	�	PROPN
cjfa-37579	329	5	indicates	indicate	VERB
cjfa-37579	329	6	higher	high	ADJ
cjfa-37579	329	7	risk	risk	NOUN
cjfa-37579	329	8	leading	lead	VERB
cjfa-37579	329	9	to	to	ADP
cjfa-37579	329	10	higher	high	ADJ
cjfa-37579	329	11	average	average	ADJ
cjfa-37579	329	12	return	return	NOUN
cjfa-37579	329	13	and	and	CCONJ
cjfa-37579	329	14	vice	vice	NOUN
cjfa-37579	329	15	versa	versa	ADV
cjfa-37579	329	16	.	.	PUNCT
cjfa-37579	330	1	the	the	DET
cjfa-37579	330	2	a	a	DET
cjfa-37579	330	3	priori	priori	ADJ
cjfa-37579	330	4	expectation	expectation	NOUN
cjfa-37579	330	5	of	of	ADP
cjfa-37579	330	6	garch	garch	NOUN
cjfa-37579	330	7	-	-	PUNCT
cjfa-37579	330	8	in	in	ADP
cjfa-37579	330	9	-	-	PUNCT
cjfa-37579	330	10	mean	mean	NOUN
cjfa-37579	330	11	is	be	AUX
cjfa-37579	330	12	0	0	NUM
cjfa-37579	330	13	>	>	PUNCT
cjfa-37579	330	14	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	330	15	�	�	PROPN
cjfa-37579	330	16	�	�	PROPN
cjfa-37579	330	17	>	>	X
cjfa-37579	330	18	0	0	PROPN
cjfa-37579	330	19	,	,	PUNCT
cjfa-37579	330	20	indicating	indicate	VERB
cjfa-37579	330	21	that	that	SCONJ
cjfa-37579	330	22	the	the	DET
cjfa-37579	330	23	risk	risk	NOUN
cjfa-37579	330	24	-	-	PUNCT
cjfa-37579	330	25	return	return	NOUN
cjfa-37579	330	26	relationship	relationship	NOUN
cjfa-37579	330	27	can	can	AUX
cjfa-37579	330	28	be	be	AUX
cjfa-37579	330	29	positive	positive	ADJ
cjfa-37579	330	30	or	or	CCONJ
cjfa-37579	330	31	negative	negative	ADJ
cjfa-37579	330	32	.	.	PUNCT
cjfa-37579	331	1	good	good	ADJ
cjfa-37579	331	2	and	and	CCONJ
cjfa-37579	331	3	bad	bad	ADJ
cjfa-37579	331	4	news	news	NOUN
cjfa-37579	331	5	during	during	ADP
cjfa-37579	331	6	covid-19	covid-19	PROPN
cjfa-37579	331	7	threshold	threshold	NOUN
cjfa-37579	331	8	garch	garch	NOUN
cjfa-37579	331	9	(	(	PUNCT
cjfa-37579	331	10	tgarch	tgarch	NOUN
cjfa-37579	331	11	/	/	SYM
cjfa-37579	331	12	tarch	tarch	NOUN
cjfa-37579	331	13	)	)	PUNCT
cjfa-37579	331	14	permits	permit	VERB
cjfa-37579	331	15	asymmetric	asymmetric	ADJ
cjfa-37579	331	16	effect	effect	NOUN
cjfa-37579	331	17	between	between	ADP
cjfa-37579	331	18	positive	positive	ADJ
cjfa-37579	331	19	and	and	CCONJ
cjfa-37579	331	20	negative	negative	ADJ
cjfa-37579	331	21	news	news	NOUN
cjfa-37579	331	22	on	on	ADP
cjfa-37579	331	23	cross	cross	ADJ
cjfa-37579	331	24	-	-	ADJ
cjfa-37579	331	25	section	section	ADJ
cjfa-37579	331	26	stock	stock	NOUN
cjfa-37579	331	27	returns	return	NOUN
cjfa-37579	331	28	with	with	ADP
cjfa-37579	331	29	general	general	ADJ
cjfa-37579	331	30	description	description	NOUN
cjfa-37579	331	31	stated	state	VERB
cjfa-37579	331	32	below:𝐶𝜎𝜎	below:𝐶𝜎𝜎	PROPN
cjfa-37579	331	33	�	�	PROPN
cjfa-37579	331	34	�	�	PROPN
cjfa-37579	331	35	�	�	PROPN
cjfa-37579	331	36	=	=	PUNCT
cjfa-37579	331	37	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	331	38	+	+	CCONJ
cjfa-37579	331	39	∑	∑	PROPN
cjfa-37579	331	40	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	331	41	�	�	PROPN
cjfa-37579	331	42	�	�	PROPN
cjfa-37579	331	43	�	�	PROPN
cjfa-37579	331	44	�	�	PROPN
cjfa-37579	331	45	�	�	PROPN
cjfa-37579	331	46	�	�	PROPN
cjfa-37579	331	47	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	331	48	�	�	PROPN
cjfa-37579	331	49	�	�	PROPN
cjfa-37579	331	50	�	�	PROPN
cjfa-37579	331	51	�	�	PROPN
cjfa-37579	331	52	�	�	PROPN
cjfa-37579	332	1	+	+	CCONJ
cjfa-37579	332	2	∑	∑	PROPN
cjfa-37579	332	3	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	332	4	�	�	PROPN
cjfa-37579	332	5	�	�	PROPN
cjfa-37579	332	6	�	�	PROPN
cjfa-37579	332	7	�	�	PROPN
cjfa-37579	332	8	�	�	PROPN
cjfa-37579	332	9	�	�	PROPN
cjfa-37579	332	10	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	332	11	�	�	PROPN
cjfa-37579	332	12	�	�	PROPN
cjfa-37579	332	13	�	�	PROPN
cjfa-37579	332	14	�	�	PROPN
cjfa-37579	332	15	�	�	PROPN
cjfa-37579	332	16	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	332	17	�	�	PROPN
cjfa-37579	332	18	�	�	PROPN
cjfa-37579	332	19	�	�	PROPN
cjfa-37579	332	20	�	�	PROPN
cjfa-37579	332	21	+	+	CCONJ
cjfa-37579	332	22	∑	∑	PROPN
cjfa-37579	332	23	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	332	24	�	�	PROPN
cjfa-37579	332	25	�	�	PROPN
cjfa-37579	332	26	�	�	PROPN
cjfa-37579	332	27	�	�	PROPN
cjfa-37579	332	28	�	�	PROPN
cjfa-37579	332	29	�	�	PROPN
cjfa-37579	332	30	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	332	31	�	�	PROPN
cjfa-37579	332	32	�	�	PROPN
cjfa-37579	332	33	�	�	PROPN
cjfa-37579	332	34	�	�	PROPN
cjfa-37579	332	35	�	�	PROPN
cjfa-37579	332	36	(	(	PUNCT
cjfa-37579	332	37	10	10	NUM
cjfa-37579	332	38	)	)	PUNCT
cjfa-37579	332	39	representing	represent	VERB
cjfa-37579	332	40	the	the	DET
cjfa-37579	332	41	arch	arch	ADJ
cjfa-37579	332	42	term	term	NOUN
cjfa-37579	332	43	showing	show	VERB
cjfa-37579	332	44	the	the	DET
cjfa-37579	332	45	past	past	ADJ
cjfa-37579	332	46	period	period	NOUN
cjfa-37579	332	47	’s	’s	PART
cjfa-37579	332	48	cross	cross	NOUN
cjfa-37579	332	49	-	-	ADJ
cjfa-37579	332	50	section	section	ADJ
cjfa-37579	332	51	squared	square	VERB
cjfa-37579	332	52	error	error	NOUN
cjfa-37579	332	53	term	term	NOUN
cjfa-37579	332	54	derived	derive	VERB
cjfa-37579	332	55	from	from	ADP
cjfa-37579	332	56	the	the	DET
cjfa-37579	332	57	mean	mean	ADJ
cjfa-37579	332	58	return	return	NOUN
cjfa-37579	332	59	equation	equation	NOUN
cjfa-37579	332	60	and	and	CCONJ
cjfa-37579	332	61	(	(	PUNCT
cjfa-37579	332	62	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	332	63	�	�	PROPN
cjfa-37579	332	64	�	�	PROPN
cjfa-37579	332	65	)	)	PUNCT
cjfa-37579	332	66	is	be	AUX
cjfa-37579	332	67	determined	determine	VERB
cjfa-37579	332	68	by	by	ADP
cjfa-37579	332	69	a	a	DET
cjfa-37579	332	70	constant	constant	ADJ
cjfa-37579	332	71	(	(	PUNCT
cjfa-37579	332	72	𝜔𝜔	𝜔𝜔	NOUN
cjfa-37579	332	73	)	)	PUNCT
cjfa-37579	332	74	,	,	PUNCT
cjfa-37579	332	75	estimates	estimate	NOUN
cjfa-37579	332	76	of	of	ADP
cjfa-37579	332	77	the	the	DET
cjfa-37579	332	78	previous	previous	ADJ
cjfa-37579	332	79	period	period	NOUN
cjfa-37579	332	80	’s	’s	PART
cjfa-37579	332	81	squared	square	VERB
cjfa-37579	332	82	residual	residual	ADJ
cjfa-37579	332	83	of	of	ADP
cjfa-37579	332	84	the	the	DET
cjfa-37579	332	85	mean	mean	ADJ
cjfa-37579	332	86	return	return	NOUN
cjfa-37579	332	87	equation	equation	NOUN
cjfa-37579	332	88	(	(	PUNCT
cjfa-37579	332	89	∑	∑	PART
cjfa-37579	332	90	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	332	91	�	�	PROPN
cjfa-37579	332	92	�	�	PROPN
cjfa-37579	332	93	�	�	PROPN
cjfa-37579	332	94	�	�	PROPN
cjfa-37579	332	95	�	�	PROPN
cjfa-37579	332	96	�	�	PROPN
cjfa-37579	332	97	�	�	PROPN
cjfa-37579	332	98	�	�	PROPN
cjfa-37579	332	99	)	)	PUNCT
cjfa-37579	332	100	and	and	CCONJ
cjfa-37579	332	101	estimates	estimate	NOUN
cjfa-37579	332	102	of	of	ADP
cjfa-37579	332	103	the	the	DET
cjfa-37579	332	104	previous	previous	ADJ
cjfa-37579	332	105	period	period	NOUN
cjfa-37579	332	106	’s	’s	PART
cjfa-37579	332	107	return	return	NOUN
cjfa-37579	332	108	variance	variance	NOUN
cjfa-37579	332	109	(	(	PUNCT
cjfa-37579	332	110	∑	∑	PROPN
cjfa-37579	332	111	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	332	112	�	�	PROPN
cjfa-37579	332	113	�	�	PROPN
cjfa-37579	332	114	�	�	PROPN
cjfa-37579	332	115	�	�	PROPN
cjfa-37579	332	116	�	�	PROPN
cjfa-37579	332	117	�	�	PROPN
cjfa-37579	332	118	�	�	PROPN
cjfa-37579	332	119	�	�	PROPN
cjfa-37579	332	120	)	)	PUNCT
cjfa-37579	332	121	.	.	PUNCT
cjfa-37579	333	1	model	model	NOUN
cjfa-37579	333	2	specification	specification	NOUN
cjfa-37579	333	3	this	this	DET
cjfa-37579	333	4	study	study	NOUN
cjfa-37579	333	5	examined	examine	VERB
cjfa-37579	333	6	the	the	DET
cjfa-37579	333	7	risk	risk	NOUN
cjfa-37579	333	8	-	-	PUNCT
cjfa-37579	333	9	return	return	NOUN
cjfa-37579	333	10	relationship	relationship	NOUN
cjfa-37579	333	11	of	of	ADP
cjfa-37579	333	12	returns	return	NOUN
cjfa-37579	333	13	and	and	CCONJ
cjfa-37579	333	14	evaluates	evaluate	VERB
cjfa-37579	333	15	good	good	ADJ
cjfa-37579	333	16	and	and	CCONJ
cjfa-37579	333	17	bad	bad	ADJ
cjfa-37579	333	18	news	news	NOUN
cjfa-37579	333	19	during	during	ADP
cjfa-37579	333	20	covid-19	covid-19	PROPN
cjfa-37579	333	21	.	.	PUNCT
cjfa-37579	334	1	variant	variant	ADJ
cjfa-37579	334	2	auto	auto	NOUN
cjfa-37579	334	3	-	-	PUNCT
cjfa-37579	334	4	regressive	regressive	ADJ
cjfa-37579	334	5	conditional	conditional	ADJ
cjfa-37579	334	6	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	334	7	(	(	PUNCT
cjfa-37579	334	8	arch	arch	ADJ
cjfa-37579	334	9	)	)	PUNCT
cjfa-37579	334	10	models	model	NOUN
cjfa-37579	334	11	were	be	AUX
cjfa-37579	334	12	used	use	VERB
cjfa-37579	334	13	to	to	PART
cjfa-37579	334	14	achieve	achieve	VERB
cjfa-37579	334	15	the	the	DET
cjfa-37579	334	16	purpose	purpose	NOUN
cjfa-37579	334	17	of	of	ADP
cjfa-37579	334	18	the	the	DET
cjfa-37579	334	19	study	study	NOUN
cjfa-37579	334	20	under	under	ADP
cjfa-37579	334	21	three	three	NUM
cjfa-37579	334	22	(	(	PUNCT
cjfa-37579	334	23	3	3	NUM
cjfa-37579	334	24	)	)	PUNCT
cjfa-37579	334	25	distributional	distributional	ADJ
cjfa-37579	334	26	assumptions	assumption	NOUN
cjfa-37579	334	27	.	.	PUNCT
cjfa-37579	335	1	the	the	DET
cjfa-37579	335	2	following	follow	VERB
cjfa-37579	335	3	is	be	AUX
cjfa-37579	335	4	the	the	DET
cjfa-37579	335	5	general	general	ADJ
cjfa-37579	335	6	form	form	NOUN
cjfa-37579	335	7	of	of	ADP
cjfa-37579	335	8	the	the	DET
cjfa-37579	335	9	panel	panel	NOUN
cjfa-37579	335	10	garch	garch	NOUN
cjfa-37579	335	11	model	model	NOUN
cjfa-37579	335	12	used	use	VERB
cjfa-37579	335	13	in	in	ADP
cjfa-37579	335	14	this	this	DET
cjfa-37579	335	15	research	research	NOUN
cjfa-37579	335	16	:	:	PUNCT
cjfa-37579	335	17	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	335	18	�	�	PROPN
cjfa-37579	335	19	�	�	PROPN
cjfa-37579	335	20	�	�	PROPN
cjfa-37579	335	21	=	=	SYM
cjfa-37579	335	22	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	335	23	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	335	24	�	�	PROPN
cjfa-37579	335	25	�	�	PROPN
cjfa-37579	335	26	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	335	27	�	�	PROPN
cjfa-37579	335	28	�	�	PROPN
cjfa-37579	335	29	�	�	PROPN
cjfa-37579	335	30	�	�	PROPN
cjfa-37579	335	31	�	�	PROPN
cjfa-37579	335	32	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	335	33	�	�	PROPN
cjfa-37579	335	34	�	�	PROPN
cjfa-37579	335	35	�	�	PROPN
cjfa-37579	335	36	cross	cross	NOUN
cjfa-37579	335	37	-	-	NOUN
cjfa-37579	335	38	section	section	ADJ
cjfa-37579	335	39	mean	mean	NOUN
cjfa-37579	335	40	return	return	NOUN
cjfa-37579	335	41	equation	equation	NOUN
cjfa-37579	335	42	for	for	ADP
cjfa-37579	335	43	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	335	44	�	�	PROPN
cjfa-37579	335	45	�	�	PROPN
cjfa-37579	335	46	�	�	PROPN
cjfa-37579	335	47	(	(	PUNCT
cjfa-37579	335	48	7	7	NUM
cjfa-37579	335	49	)	)	PUNCT
cjfa-37579	335	50	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	335	51	�	�	PROPN
cjfa-37579	335	52	�	�	PROPN
cjfa-37579	335	53	�	�	PROPN
cjfa-37579	335	54	=	=	PUNCT
cjfa-37579	335	55	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	335	56	𝐶	𝐶	PROPN
cjfa-37579	335	57	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	335	58	�	�	PROPN
cjfa-37579	335	59	�	�	PROPN
cjfa-37579	335	60	�	�	PROPN
cjfa-37579	335	61	�	�	PROPN
cjfa-37579	335	62	�	�	PROPN
cjfa-37579	335	63	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	335	64	𝐶𝛽𝛽𝜎𝜎	𝐶𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	335	65	�	�	PROPN
cjfa-37579	335	66	�	�	PROPN
cjfa-37579	335	67	�	�	PROPN
cjfa-37579	335	68	�	�	PROPN
cjfa-37579	335	69	�	�	PROPN
cjfa-37579	335	70	cross	cross	NOUN
cjfa-37579	335	71	-	-	ADJ
cjfa-37579	335	72	section	section	ADJ
cjfa-37579	335	73	variance	variance	NOUN
cjfa-37579	335	74	of	of	ADP
cjfa-37579	335	75	return	return	NOUN
cjfa-37579	335	76	equation	equation	NOUN
cjfa-37579	335	77	(	(	PUNCT
cjfa-37579	335	78	8)	8)	NUM
cjfa-37579	335	79	where	where	SCONJ
cjfa-37579	335	80	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	335	81	�	�	PROPN
cjfa-37579	335	82	�	�	PROPN
cjfa-37579	335	83	�	�	PROPN
cjfa-37579	335	84	represents	represent	VERB
cjfa-37579	335	85	the	the	DET
cjfa-37579	335	86	cross	cross	ADJ
cjfa-37579	335	87	-	-	ADJ
cjfa-37579	335	88	section	section	ADJ
cjfa-37579	335	89	return	return	NOUN
cjfa-37579	335	90	variance	variance	NOUN
cjfa-37579	335	91	(	(	PUNCT
cjfa-37579	335	92	error	error	NOUN
cjfa-37579	335	93	term	term	NOUN
cjfa-37579	335	94	from	from	ADP
cjfa-37579	335	95	the	the	DET
cjfa-37579	335	96	mean	mean	ADJ
cjfa-37579	335	97	return	return	NOUN
cjfa-37579	335	98	equation	equation	NOUN
cjfa-37579	335	99	)	)	PUNCT
cjfa-37579	335	100	is	be	AUX
cjfa-37579	335	101	determined	determine	VERB
cjfa-37579	335	102	by	by	ADP
cjfa-37579	335	103	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	335	104	representing	represent	VERB
cjfa-37579	335	105	the	the	DET
cjfa-37579	335	106	constant	constant	ADJ
cjfa-37579	335	107	,	,	PUNCT
cjfa-37579	335	108	𝛼𝛼	𝛼𝛼	AUX
cjfa-37579	335	109	�	�	PROPN
cjfa-37579	335	110	�	�	PROPN
cjfa-37579	335	111	�	�	PROPN
cjfa-37579	335	112	�	�	PROPN
cjfa-37579	335	113	�	�	PROPN
cjfa-37579	335	114	representing	represent	VERB
cjfa-37579	335	115	the	the	DET
cjfa-37579	335	116	arch	arch	ADJ
cjfa-37579	335	117	term	term	NOUN
cjfa-37579	335	118	showing	show	VERB
cjfa-37579	335	119	the	the	DET
cjfa-37579	335	120	past	past	ADJ
cjfa-37579	335	121	period	period	NOUN
cjfa-37579	335	122	’s	’s	PART
cjfa-37579	335	123	cross	cross	NOUN
cjfa-37579	335	124	-	-	ADJ
cjfa-37579	335	125	section	section	ADJ
cjfa-37579	335	126	squared	square	VERB
cjfa-37579	335	127	error	error	NOUN
cjfa-37579	335	128	term	term	NOUN
cjfa-37579	335	129	derived	derive	VERB
cjfa-37579	335	130	from	from	ADP
cjfa-37579	335	131	the	the	DET
cjfa-37579	335	132	mean	mean	ADJ
cjfa-37579	335	133	return	return	NOUN
cjfa-37579	335	134	equation	equation	NOUN
cjfa-37579	335	135	and	and	CCONJ
cjfa-37579	335	136	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	335	137	�	�	PROPN
cjfa-37579	335	138	�	�	PROPN
cjfa-37579	335	139	�	�	PROPN
cjfa-37579	335	140	�	�	PROPN
cjfa-37579	335	141	�	�	PROPN
cjfa-37579	335	142	representing	represent	VERB
cjfa-37579	335	143	the	the	DET
cjfa-37579	335	144	garch	garch	NOUN
cjfa-37579	335	145	term	term	NOUN
cjfa-37579	335	146	showing	show	VERB
cjfa-37579	335	147	the	the	DET
cjfa-37579	335	148	past	past	ADJ
cjfa-37579	335	149	period	period	NOUN
cjfa-37579	335	150	’s	’s	PART
cjfa-37579	335	151	cross	cross	ADJ
cjfa-37579	335	152	-	-	ADJ
cjfa-37579	335	153	section	section	ADJ
cjfa-37579	335	154	variance	variance	NOUN
cjfa-37579	335	155	of	of	ADP
cjfa-37579	335	156	the	the	DET
cjfa-37579	335	157	return	return	NOUN
cjfa-37579	335	158	.	.	PUNCT
cjfa-37579	336	1	risk	risk	NOUN
cjfa-37579	336	2	-	-	PUNCT
cjfa-37579	336	3	return	return	NOUN
cjfa-37579	336	4	during	during	ADP
cjfa-37579	336	5	covid-19	covid-19	PROPN
cjfa-37579	336	6	the	the	DET
cjfa-37579	336	7	panel	panel	NOUN
cjfa-37579	336	8	garch	garch	NOUN
cjfa-37579	336	9	-	-	PUNCT
cjfa-37579	336	10	in	in	ADP
cjfa-37579	336	11	-	-	PUNCT
cjfa-37579	336	12	mean	mean	NOUN
cjfa-37579	336	13	(	(	PUNCT
cjfa-37579	336	14	garch	garch	NOUN
cjfa-37579	336	15	-	-	PUNCT
cjfa-37579	336	16	m	m	NOUN
cjfa-37579	336	17	)	)	PUNCT
cjfa-37579	336	18	model	model	NOUN
cjfa-37579	336	19	used	use	VERB
cjfa-37579	336	20	to	to	PART
cjfa-37579	336	21	measure	measure	VERB
cjfa-37579	336	22	the	the	DET
cjfa-37579	336	23	risk	risk	NOUN
cjfa-37579	336	24	-	-	PUNCT
cjfa-37579	336	25	return	return	NOUN
cjfa-37579	336	26	relationship	relationship	NOUN
cjfa-37579	336	27	was	be	AUX
cjfa-37579	336	28	as	as	SCONJ
cjfa-37579	336	29	follows	follow	VERB
cjfa-37579	336	30	:	:	PUNCT
cjfa-37579	336	31	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	336	32	�	�	PROPN
cjfa-37579	336	33	�	�	PROPN
cjfa-37579	336	34	�	�	PROPN
cjfa-37579	336	35	=	=	PUNCT
cjfa-37579	336	36	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	336	37	𝐶	𝐶	PROPN
cjfa-37579	336	38	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	336	39	�	�	PROPN
cjfa-37579	336	40	�	�	PROPN
cjfa-37579	336	41	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	336	42	�	�	PROPN
cjfa-37579	336	43	�	�	PROPN
cjfa-37579	336	44	)	)	PUNCT
cjfa-37579	336	45	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	336	46	�	�	PROPN
cjfa-37579	336	47	�	�	PROPN
cjfa-37579	336	48	�	�	PROPN
cjfa-37579	336	49	(	(	PUNCT
cjfa-37579	336	50	9	9	NUM
cjfa-37579	336	51	)	)	PUNCT
cjfa-37579	336	52	where	where	SCONJ
cjfa-37579	336	53	𝑔𝑔𝑔.	𝑔𝑔𝑔.	NOUN
cjfa-37579	336	54	)	)	PUNCT
cjfa-37579	336	55	is	be	AUX
cjfa-37579	336	56	the	the	DET
cjfa-37579	336	57	arbitrary	arbitrary	ADJ
cjfa-37579	336	58	volatility	volatility	NOUN
cjfa-37579	336	59	function	function	NOUN
cjfa-37579	336	60	of	of	ADP
cjfa-37579	336	61	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	336	62	�	�	PROPN
cjfa-37579	336	63	�	�	PROPN
cjfa-37579	336	64	,	,	PUNCT
cjfa-37579	336	65	the	the	DET
cjfa-37579	336	66	cross	cross	ADJ
cjfa-37579	336	67	-	-	ADJ
cjfa-37579	336	68	section	section	ADJ
cjfa-37579	336	69	garch	garch	NOUN
cjfa-37579	336	70	-	-	PUNCT
cjfa-37579	336	71	m	m	PROPN
cjfa-37579	336	72	was	be	AUX
cjfa-37579	336	73	specified	specify	VERB
cjfa-37579	336	74	with	with	ADP
cjfa-37579	336	75	cross	cross	ADJ
cjfa-37579	336	76	-	-	ADJ
cjfa-37579	336	77	section	section	ADJ
cjfa-37579	336	78	garch	garch	NOUN
cjfa-37579	336	79	conditional	conditional	ADJ
cjfa-37579	336	80	variance	variance	NOUN
cjfa-37579	336	81	specification	specification	NOUN
cjfa-37579	336	82	and	and	CCONJ
cjfa-37579	336	83	the	the	DET
cjfa-37579	336	84	function	function	NOUN
cjfa-37579	336	85	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	336	86	�	�	PROPN
cjfa-37579	336	87	�	�	PROPN
cjfa-37579	336	88	)	)	PUNCT
cjfa-37579	336	89	is	be	AUX
cjfa-37579	336	90	the	the	DET
cjfa-37579	336	91	standard	standard	ADJ
cjfa-37579	336	92	deviation	deviation	NOUN
cjfa-37579	336	93	in	in	ADP
cjfa-37579	336	94	mean	mean	NOUN
cjfa-37579	336	95	(	(	PUNCT
cjfa-37579	336	96	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	336	97	�	�	PROPN
cjfa-37579	336	98	�	�	PROPN
cjfa-37579	336	99	)	)	PUNCT
cjfa-37579	336	100	.	.	PUNCT
cjfa-37579	337	1	positive	positive	ADJ
cjfa-37579	337	2	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	337	3	�	�	PROPN
cjfa-37579	337	4	�	�	PROPN
cjfa-37579	337	5	indicates	indicate	VERB
cjfa-37579	337	6	higher	high	ADJ
cjfa-37579	337	7	risk	risk	NOUN
cjfa-37579	337	8	leading	lead	VERB
cjfa-37579	337	9	to	to	ADP
cjfa-37579	337	10	higher	high	ADJ
cjfa-37579	337	11	average	average	ADJ
cjfa-37579	337	12	return	return	NOUN
cjfa-37579	337	13	and	and	CCONJ
cjfa-37579	337	14	vice	vice	NOUN
cjfa-37579	337	15	versa	versa	ADV
cjfa-37579	337	16	.	.	PUNCT
cjfa-37579	338	1	the	the	DET
cjfa-37579	338	2	a	a	DET
cjfa-37579	338	3	priori	priori	ADJ
cjfa-37579	338	4	expectation	expectation	NOUN
cjfa-37579	338	5	of	of	ADP
cjfa-37579	338	6	garch	garch	NOUN
cjfa-37579	338	7	-	-	PUNCT
cjfa-37579	338	8	in	in	ADP
cjfa-37579	338	9	-	-	PUNCT
cjfa-37579	338	10	mean	mean	NOUN
cjfa-37579	338	11	is	be	AUX
cjfa-37579	338	12	0	0	NUM
cjfa-37579	338	13	>	>	PUNCT
cjfa-37579	338	14	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	338	15	�	�	PROPN
cjfa-37579	338	16	�	�	PROPN
cjfa-37579	338	17	>	>	X
cjfa-37579	338	18	0	0	PROPN
cjfa-37579	338	19	,	,	PUNCT
cjfa-37579	338	20	indicating	indicate	VERB
cjfa-37579	338	21	that	that	SCONJ
cjfa-37579	338	22	the	the	DET
cjfa-37579	338	23	risk	risk	NOUN
cjfa-37579	338	24	-	-	PUNCT
cjfa-37579	338	25	return	return	NOUN
cjfa-37579	338	26	relationship	relationship	NOUN
cjfa-37579	338	27	can	can	AUX
cjfa-37579	338	28	be	be	AUX
cjfa-37579	338	29	positive	positive	ADJ
cjfa-37579	338	30	or	or	CCONJ
cjfa-37579	338	31	negative	negative	ADJ
cjfa-37579	338	32	.	.	PUNCT
cjfa-37579	339	1	good	good	ADJ
cjfa-37579	339	2	and	and	CCONJ
cjfa-37579	339	3	bad	bad	ADJ
cjfa-37579	339	4	news	news	NOUN
cjfa-37579	339	5	during	during	ADP
cjfa-37579	339	6	covid-19	covid-19	PROPN
cjfa-37579	339	7	threshold	threshold	NOUN
cjfa-37579	339	8	garch	garch	NOUN
cjfa-37579	339	9	(	(	PUNCT
cjfa-37579	339	10	tgarch	tgarch	NOUN
cjfa-37579	339	11	/	/	SYM
cjfa-37579	339	12	tarch	tarch	NOUN
cjfa-37579	339	13	)	)	PUNCT
cjfa-37579	339	14	permits	permit	VERB
cjfa-37579	339	15	asymmetric	asymmetric	ADJ
cjfa-37579	339	16	effect	effect	NOUN
cjfa-37579	339	17	between	between	ADP
cjfa-37579	339	18	positive	positive	ADJ
cjfa-37579	339	19	and	and	CCONJ
cjfa-37579	339	20	negative	negative	ADJ
cjfa-37579	339	21	news	news	NOUN
cjfa-37579	339	22	on	on	ADP
cjfa-37579	339	23	cross	cross	ADJ
cjfa-37579	339	24	-	-	ADJ
cjfa-37579	339	25	section	section	ADJ
cjfa-37579	339	26	stock	stock	NOUN
cjfa-37579	339	27	returns	return	NOUN
cjfa-37579	339	28	with	with	ADP
cjfa-37579	339	29	general	general	ADJ
cjfa-37579	339	30	description	description	NOUN
cjfa-37579	339	31	stated	state	VERB
cjfa-37579	339	32	below:𝐶𝜎𝜎	below:𝐶𝜎𝜎	PROPN
cjfa-37579	339	33	�	�	PROPN
cjfa-37579	339	34	�	�	PROPN
cjfa-37579	339	35	�	�	PROPN
cjfa-37579	339	36	=	=	PUNCT
cjfa-37579	339	37	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	339	38	+	+	CCONJ
cjfa-37579	339	39	∑	∑	PROPN
cjfa-37579	339	40	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	339	41	�	�	PROPN
cjfa-37579	339	42	�	�	PROPN
cjfa-37579	339	43	�	�	PROPN
cjfa-37579	339	44	�	�	PROPN
cjfa-37579	339	45	�	�	PROPN
cjfa-37579	339	46	�	�	PROPN
cjfa-37579	339	47	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	339	48	�	�	PROPN
cjfa-37579	339	49	�	�	PROPN
cjfa-37579	339	50	�	�	PROPN
cjfa-37579	339	51	�	�	PROPN
cjfa-37579	339	52	�	�	PROPN
cjfa-37579	340	1	+	+	CCONJ
cjfa-37579	340	2	∑	∑	PROPN
cjfa-37579	340	3	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	340	4	�	�	PROPN
cjfa-37579	340	5	�	�	PROPN
cjfa-37579	340	6	�	�	PROPN
cjfa-37579	340	7	�	�	PROPN
cjfa-37579	340	8	�	�	PROPN
cjfa-37579	340	9	�	�	PROPN
cjfa-37579	340	10	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	340	11	�	�	PROPN
cjfa-37579	340	12	�	�	PROPN
cjfa-37579	340	13	�	�	PROPN
cjfa-37579	340	14	�	�	PROPN
cjfa-37579	340	15	�	�	PROPN
cjfa-37579	340	16	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	340	17	�	�	PROPN
cjfa-37579	340	18	�	�	PROPN
cjfa-37579	340	19	�	�	PROPN
cjfa-37579	340	20	�	�	PROPN
cjfa-37579	340	21	+	+	CCONJ
cjfa-37579	340	22	∑	∑	PROPN
cjfa-37579	340	23	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	340	24	�	�	PROPN
cjfa-37579	340	25	�	�	PROPN
cjfa-37579	340	26	�	�	PROPN
cjfa-37579	340	27	�	�	PROPN
cjfa-37579	340	28	�	�	PROPN
cjfa-37579	340	29	�	�	PROPN
cjfa-37579	340	30	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	340	31	�	�	PROPN
cjfa-37579	340	32	�	�	PROPN
cjfa-37579	340	33	�	�	PROPN
cjfa-37579	340	34	�	�	PROPN
cjfa-37579	340	35	�	�	PROPN
cjfa-37579	340	36	(	(	PUNCT
cjfa-37579	340	37	10	10	NUM
cjfa-37579	340	38	)	)	PUNCT
cjfa-37579	340	39	representing	represent	VERB
cjfa-37579	340	40	the	the	DET
cjfa-37579	340	41	garch	garch	NOUN
cjfa-37579	340	42	term	term	NOUN
cjfa-37579	340	43	showing	show	VERB
cjfa-37579	340	44	the	the	DET
cjfa-37579	340	45	past	past	ADJ
cjfa-37579	340	46	period	period	NOUN
cjfa-37579	340	47	’s	’s	PART
cjfa-37579	340	48	cross	cross	ADJ
cjfa-37579	340	49	-	-	ADJ
cjfa-37579	340	50	section	section	ADJ
cjfa-37579	340	51	variance	variance	NOUN
cjfa-37579	340	52	of	of	ADP
cjfa-37579	340	53	the	the	DET
cjfa-37579	340	54	return	return	NOUN
cjfa-37579	340	55	.	.	PUNCT
cjfa-37579	341	1	risk	risk	NOUN
cjfa-37579	341	2	-	-	PUNCT
cjfa-37579	341	3	return	return	NOUN
cjfa-37579	341	4	during	during	ADP
cjfa-37579	341	5	covid-19	covid-19	PROPN
cjfa-37579	341	6	the	the	DET
cjfa-37579	341	7	panel	panel	NOUN
cjfa-37579	341	8	garch	garch	NOUN
cjfa-37579	341	9	-	-	PUNCT
cjfa-37579	341	10	in	in	ADP
cjfa-37579	341	11	-	-	PUNCT
cjfa-37579	341	12	mean	mean	NOUN
cjfa-37579	341	13	(	(	PUNCT
cjfa-37579	341	14	garch	garch	NOUN
cjfa-37579	341	15	-	-	PUNCT
cjfa-37579	341	16	m	m	NOUN
cjfa-37579	341	17	)	)	PUNCT
cjfa-37579	341	18	model	model	NOUN
cjfa-37579	341	19	used	use	VERB
cjfa-37579	341	20	to	to	PART
cjfa-37579	341	21	measure	measure	VERB
cjfa-37579	341	22	the	the	DET
cjfa-37579	341	23	risk	risk	NOUN
cjfa-37579	341	24	-	-	PUNCT
cjfa-37579	341	25	return	return	NOUN
cjfa-37579	341	26	relationship	relationship	NOUN
cjfa-37579	341	27	was	be	AUX
cjfa-37579	341	28	as	as	SCONJ
cjfa-37579	341	29	follows	follow	VERB
cjfa-37579	341	30	:	:	PUNCT
cjfa-37579	341	31	(	(	PUNCT
cjfa-37579	341	32	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	341	33	�	�	PROPN
cjfa-37579	341	34	�	�	PROPN
cjfa-37579	341	35	)	)	PUNCT
cjfa-37579	341	36	is	be	AUX
cjfa-37579	341	37	determined	determine	VERB
cjfa-37579	341	38	by	by	ADP
cjfa-37579	341	39	a	a	DET
cjfa-37579	341	40	constant	constant	ADJ
cjfa-37579	341	41	(	(	PUNCT
cjfa-37579	341	42	𝜔𝜔	𝜔𝜔	NOUN
cjfa-37579	341	43	)	)	PUNCT
cjfa-37579	341	44	,	,	PUNCT
cjfa-37579	341	45	estimates	estimate	NOUN
cjfa-37579	341	46	of	of	ADP
cjfa-37579	341	47	the	the	DET
cjfa-37579	341	48	previous	previous	ADJ
cjfa-37579	341	49	period	period	NOUN
cjfa-37579	341	50	’s	’s	PART
cjfa-37579	341	51	squared	square	VERB
cjfa-37579	341	52	residual	residual	ADJ
cjfa-37579	341	53	of	of	ADP
cjfa-37579	341	54	the	the	DET
cjfa-37579	341	55	mean	mean	ADJ
cjfa-37579	341	56	return	return	NOUN
cjfa-37579	341	57	equation	equation	NOUN
cjfa-37579	341	58	(	(	PUNCT
cjfa-37579	341	59	∑	∑	PART
cjfa-37579	341	60	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	341	61	�	�	PROPN
cjfa-37579	341	62	�	�	PROPN
cjfa-37579	341	63	�	�	PROPN
cjfa-37579	341	64	�	�	PROPN
cjfa-37579	341	65	�	�	PROPN
cjfa-37579	341	66	�	�	PROPN
cjfa-37579	341	67	�	�	PROPN
cjfa-37579	341	68	�	�	PROPN
cjfa-37579	341	69	)	)	PUNCT
cjfa-37579	341	70	and	and	CCONJ
cjfa-37579	341	71	estimates	estimate	NOUN
cjfa-37579	341	72	of	of	ADP
cjfa-37579	341	73	the	the	DET
cjfa-37579	341	74	previous	previous	ADJ
cjfa-37579	341	75	period	period	NOUN
cjfa-37579	341	76	’s	’s	PART
cjfa-37579	341	77	return	return	NOUN
cjfa-37579	341	78	variance	variance	NOUN
cjfa-37579	341	79	(	(	PUNCT
cjfa-37579	341	80	∑	∑	PROPN
cjfa-37579	341	81	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	341	82	�	�	PROPN
cjfa-37579	341	83	�	�	PROPN
cjfa-37579	341	84	�	�	PROPN
cjfa-37579	341	85	�	�	PROPN
cjfa-37579	341	86	�	�	PROPN
cjfa-37579	341	87	�	�	PROPN
cjfa-37579	341	88	�	�	PROPN
cjfa-37579	341	89	�	�	PROPN
cjfa-37579	341	90	)	)	PUNCT
cjfa-37579	341	91	.	.	PUNCT
cjfa-37579	342	1	model	model	NOUN
cjfa-37579	342	2	specification	specification	NOUN
cjfa-37579	342	3	this	this	DET
cjfa-37579	342	4	study	study	NOUN
cjfa-37579	342	5	examined	examine	VERB
cjfa-37579	342	6	the	the	DET
cjfa-37579	342	7	risk	risk	NOUN
cjfa-37579	342	8	-	-	PUNCT
cjfa-37579	342	9	return	return	NOUN
cjfa-37579	342	10	relationship	relationship	NOUN
cjfa-37579	342	11	of	of	ADP
cjfa-37579	342	12	returns	return	NOUN
cjfa-37579	342	13	and	and	CCONJ
cjfa-37579	342	14	evaluates	evaluate	VERB
cjfa-37579	342	15	good	good	ADJ
cjfa-37579	342	16	and	and	CCONJ
cjfa-37579	342	17	bad	bad	ADJ
cjfa-37579	342	18	news	news	NOUN
cjfa-37579	342	19	during	during	ADP
cjfa-37579	342	20	covid-19	covid-19	PROPN
cjfa-37579	342	21	.	.	PUNCT
cjfa-37579	343	1	variant	variant	ADJ
cjfa-37579	343	2	auto	auto	NOUN
cjfa-37579	343	3	-	-	PUNCT
cjfa-37579	343	4	regressive	regressive	ADJ
cjfa-37579	343	5	conditional	conditional	ADJ
cjfa-37579	343	6	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	343	7	(	(	PUNCT
cjfa-37579	343	8	arch	arch	ADJ
cjfa-37579	343	9	)	)	PUNCT
cjfa-37579	343	10	models	model	NOUN
cjfa-37579	343	11	were	be	AUX
cjfa-37579	343	12	used	use	VERB
cjfa-37579	343	13	to	to	PART
cjfa-37579	343	14	achieve	achieve	VERB
cjfa-37579	343	15	the	the	DET
cjfa-37579	343	16	purpose	purpose	NOUN
cjfa-37579	343	17	of	of	ADP
cjfa-37579	343	18	the	the	DET
cjfa-37579	343	19	study	study	NOUN
cjfa-37579	343	20	under	under	ADP
cjfa-37579	343	21	three	three	NUM
cjfa-37579	343	22	(	(	PUNCT
cjfa-37579	343	23	3	3	NUM
cjfa-37579	343	24	)	)	PUNCT
cjfa-37579	343	25	distributional	distributional	ADJ
cjfa-37579	343	26	assumptions	assumption	NOUN
cjfa-37579	343	27	.	.	PUNCT
cjfa-37579	344	1	the	the	DET
cjfa-37579	344	2	following	follow	VERB
cjfa-37579	344	3	is	be	AUX
cjfa-37579	344	4	the	the	DET
cjfa-37579	344	5	general	general	ADJ
cjfa-37579	344	6	form	form	NOUN
cjfa-37579	344	7	of	of	ADP
cjfa-37579	344	8	the	the	DET
cjfa-37579	344	9	panel	panel	NOUN
cjfa-37579	344	10	garch	garch	NOUN
cjfa-37579	344	11	model	model	NOUN
cjfa-37579	344	12	used	use	VERB
cjfa-37579	344	13	in	in	ADP
cjfa-37579	344	14	this	this	DET
cjfa-37579	344	15	research	research	NOUN
cjfa-37579	344	16	:	:	PUNCT
cjfa-37579	344	17	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	344	18	�	�	PROPN
cjfa-37579	344	19	�	�	PROPN
cjfa-37579	344	20	�	�	PROPN
cjfa-37579	344	21	=	=	SYM
cjfa-37579	344	22	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	344	23	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	344	24	�	�	PROPN
cjfa-37579	344	25	�	�	PROPN
cjfa-37579	344	26	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	344	27	�	�	PROPN
cjfa-37579	344	28	�	�	PROPN
cjfa-37579	344	29	�	�	PROPN
cjfa-37579	344	30	�	�	PROPN
cjfa-37579	344	31	�	�	PROPN
cjfa-37579	344	32	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	344	33	�	�	PROPN
cjfa-37579	344	34	�	�	PROPN
cjfa-37579	344	35	�	�	PROPN
cjfa-37579	344	36	cross	cross	NOUN
cjfa-37579	344	37	-	-	NOUN
cjfa-37579	344	38	section	section	ADJ
cjfa-37579	344	39	mean	mean	NOUN
cjfa-37579	344	40	return	return	NOUN
cjfa-37579	344	41	equation	equation	NOUN
cjfa-37579	344	42	for	for	ADP
cjfa-37579	344	43	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	344	44	�	�	PROPN
cjfa-37579	344	45	�	�	PROPN
cjfa-37579	344	46	�	�	PROPN
cjfa-37579	344	47	(	(	PUNCT
cjfa-37579	344	48	7	7	NUM
cjfa-37579	344	49	)	)	PUNCT
cjfa-37579	344	50	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	344	51	�	�	PROPN
cjfa-37579	344	52	�	�	PROPN
cjfa-37579	344	53	�	�	PROPN
cjfa-37579	344	54	=	=	PUNCT
cjfa-37579	344	55	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	344	56	𝐶	𝐶	PROPN
cjfa-37579	344	57	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	344	58	�	�	PROPN
cjfa-37579	344	59	�	�	PROPN
cjfa-37579	344	60	�	�	PROPN
cjfa-37579	344	61	�	�	PROPN
cjfa-37579	344	62	�	�	PROPN
cjfa-37579	344	63	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	344	64	𝐶𝛽𝛽𝜎𝜎	𝐶𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	344	65	�	�	PROPN
cjfa-37579	344	66	�	�	PROPN
cjfa-37579	344	67	�	�	PROPN
cjfa-37579	344	68	�	�	PROPN
cjfa-37579	344	69	�	�	PROPN
cjfa-37579	344	70	cross	cross	NOUN
cjfa-37579	344	71	-	-	ADJ
cjfa-37579	344	72	section	section	ADJ
cjfa-37579	344	73	variance	variance	NOUN
cjfa-37579	344	74	of	of	ADP
cjfa-37579	344	75	return	return	NOUN
cjfa-37579	344	76	equation	equation	NOUN
cjfa-37579	344	77	(	(	PUNCT
cjfa-37579	344	78	8)	8)	NUM
cjfa-37579	344	79	where	where	SCONJ
cjfa-37579	344	80	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	344	81	�	�	PROPN
cjfa-37579	344	82	�	�	PROPN
cjfa-37579	344	83	�	�	PROPN
cjfa-37579	344	84	represents	represent	VERB
cjfa-37579	344	85	the	the	DET
cjfa-37579	344	86	cross	cross	ADJ
cjfa-37579	344	87	-	-	ADJ
cjfa-37579	344	88	section	section	ADJ
cjfa-37579	344	89	return	return	NOUN
cjfa-37579	344	90	variance	variance	NOUN
cjfa-37579	344	91	(	(	PUNCT
cjfa-37579	344	92	error	error	NOUN
cjfa-37579	344	93	term	term	NOUN
cjfa-37579	344	94	from	from	ADP
cjfa-37579	344	95	the	the	DET
cjfa-37579	344	96	mean	mean	ADJ
cjfa-37579	344	97	return	return	NOUN
cjfa-37579	344	98	equation	equation	NOUN
cjfa-37579	344	99	)	)	PUNCT
cjfa-37579	344	100	is	be	AUX
cjfa-37579	344	101	determined	determine	VERB
cjfa-37579	344	102	by	by	ADP
cjfa-37579	344	103	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	344	104	representing	represent	VERB
cjfa-37579	344	105	the	the	DET
cjfa-37579	344	106	constant	constant	ADJ
cjfa-37579	344	107	,	,	PUNCT
cjfa-37579	344	108	𝛼𝛼	𝛼𝛼	AUX
cjfa-37579	344	109	�	�	PROPN
cjfa-37579	344	110	�	�	PROPN
cjfa-37579	344	111	�	�	PROPN
cjfa-37579	344	112	�	�	PROPN
cjfa-37579	344	113	�	�	PROPN
cjfa-37579	344	114	representing	represent	VERB
cjfa-37579	344	115	the	the	DET
cjfa-37579	344	116	arch	arch	ADJ
cjfa-37579	344	117	term	term	NOUN
cjfa-37579	344	118	showing	show	VERB
cjfa-37579	344	119	the	the	DET
cjfa-37579	344	120	past	past	ADJ
cjfa-37579	344	121	period	period	NOUN
cjfa-37579	344	122	’s	’s	PART
cjfa-37579	344	123	cross	cross	NOUN
cjfa-37579	344	124	-	-	ADJ
cjfa-37579	344	125	section	section	ADJ
cjfa-37579	344	126	squared	square	VERB
cjfa-37579	344	127	error	error	NOUN
cjfa-37579	344	128	term	term	NOUN
cjfa-37579	344	129	derived	derive	VERB
cjfa-37579	344	130	from	from	ADP
cjfa-37579	344	131	the	the	DET
cjfa-37579	344	132	mean	mean	ADJ
cjfa-37579	344	133	return	return	NOUN
cjfa-37579	344	134	equation	equation	NOUN
cjfa-37579	344	135	and	and	CCONJ
cjfa-37579	344	136	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	344	137	�	�	PROPN
cjfa-37579	344	138	�	�	PROPN
cjfa-37579	344	139	�	�	PROPN
cjfa-37579	344	140	�	�	PROPN
cjfa-37579	344	141	�	�	PROPN
cjfa-37579	344	142	representing	represent	VERB
cjfa-37579	344	143	the	the	DET
cjfa-37579	344	144	garch	garch	NOUN
cjfa-37579	344	145	term	term	NOUN
cjfa-37579	344	146	showing	show	VERB
cjfa-37579	344	147	the	the	DET
cjfa-37579	344	148	past	past	ADJ
cjfa-37579	344	149	period	period	NOUN
cjfa-37579	344	150	’s	’s	PART
cjfa-37579	344	151	cross	cross	ADJ
cjfa-37579	344	152	-	-	ADJ
cjfa-37579	344	153	section	section	ADJ
cjfa-37579	344	154	variance	variance	NOUN
cjfa-37579	344	155	of	of	ADP
cjfa-37579	344	156	the	the	DET
cjfa-37579	344	157	return	return	NOUN
cjfa-37579	344	158	.	.	PUNCT
cjfa-37579	345	1	risk	risk	NOUN
cjfa-37579	345	2	-	-	PUNCT
cjfa-37579	345	3	return	return	NOUN
cjfa-37579	345	4	during	during	ADP
cjfa-37579	345	5	covid-19	covid-19	PROPN
cjfa-37579	345	6	the	the	DET
cjfa-37579	345	7	panel	panel	NOUN
cjfa-37579	345	8	garch	garch	NOUN
cjfa-37579	345	9	-	-	PUNCT
cjfa-37579	345	10	in	in	ADP
cjfa-37579	345	11	-	-	PUNCT
cjfa-37579	345	12	mean	mean	NOUN
cjfa-37579	345	13	(	(	PUNCT
cjfa-37579	345	14	garch	garch	NOUN
cjfa-37579	345	15	-	-	PUNCT
cjfa-37579	345	16	m	m	NOUN
cjfa-37579	345	17	)	)	PUNCT
cjfa-37579	345	18	model	model	NOUN
cjfa-37579	345	19	used	use	VERB
cjfa-37579	345	20	to	to	PART
cjfa-37579	345	21	measure	measure	VERB
cjfa-37579	345	22	the	the	DET
cjfa-37579	345	23	risk	risk	NOUN
cjfa-37579	345	24	-	-	PUNCT
cjfa-37579	345	25	return	return	NOUN
cjfa-37579	345	26	relationship	relationship	NOUN
cjfa-37579	345	27	was	be	AUX
cjfa-37579	345	28	as	as	SCONJ
cjfa-37579	345	29	follows	follow	VERB
cjfa-37579	345	30	:	:	PUNCT
cjfa-37579	345	31	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	345	32	�	�	PROPN
cjfa-37579	345	33	�	�	PROPN
cjfa-37579	345	34	�	�	PROPN
cjfa-37579	345	35	=	=	PUNCT
cjfa-37579	345	36	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	345	37	𝐶	𝐶	PROPN
cjfa-37579	345	38	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	345	39	�	�	PROPN
cjfa-37579	345	40	�	�	PROPN
cjfa-37579	345	41	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	345	42	�	�	PROPN
cjfa-37579	345	43	�	�	PROPN
cjfa-37579	345	44	)	)	PUNCT
cjfa-37579	345	45	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	345	46	�	�	PROPN
cjfa-37579	345	47	�	�	PROPN
cjfa-37579	345	48	�	�	PROPN
cjfa-37579	345	49	(	(	PUNCT
cjfa-37579	345	50	9	9	NUM
cjfa-37579	345	51	)	)	PUNCT
cjfa-37579	345	52	where	where	SCONJ
cjfa-37579	345	53	𝑔𝑔𝑔.	𝑔𝑔𝑔.	NOUN
cjfa-37579	345	54	)	)	PUNCT
cjfa-37579	345	55	is	be	AUX
cjfa-37579	345	56	the	the	DET
cjfa-37579	345	57	arbitrary	arbitrary	ADJ
cjfa-37579	345	58	volatility	volatility	NOUN
cjfa-37579	345	59	function	function	NOUN
cjfa-37579	345	60	of	of	ADP
cjfa-37579	345	61	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	345	62	�	�	PROPN
cjfa-37579	345	63	�	�	PROPN
cjfa-37579	345	64	,	,	PUNCT
cjfa-37579	345	65	the	the	DET
cjfa-37579	345	66	cross	cross	ADJ
cjfa-37579	345	67	-	-	ADJ
cjfa-37579	345	68	section	section	ADJ
cjfa-37579	345	69	garch	garch	NOUN
cjfa-37579	345	70	-	-	PUNCT
cjfa-37579	345	71	m	m	PROPN
cjfa-37579	345	72	was	be	AUX
cjfa-37579	345	73	specified	specify	VERB
cjfa-37579	345	74	with	with	ADP
cjfa-37579	345	75	cross	cross	ADJ
cjfa-37579	345	76	-	-	ADJ
cjfa-37579	345	77	section	section	ADJ
cjfa-37579	345	78	garch	garch	NOUN
cjfa-37579	345	79	conditional	conditional	ADJ
cjfa-37579	345	80	variance	variance	NOUN
cjfa-37579	345	81	specification	specification	NOUN
cjfa-37579	345	82	and	and	CCONJ
cjfa-37579	345	83	the	the	DET
cjfa-37579	345	84	function	function	NOUN
cjfa-37579	345	85	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	345	86	�	�	PROPN
cjfa-37579	345	87	�	�	PROPN
cjfa-37579	345	88	)	)	PUNCT
cjfa-37579	345	89	is	be	AUX
cjfa-37579	345	90	the	the	DET
cjfa-37579	345	91	standard	standard	ADJ
cjfa-37579	345	92	deviation	deviation	NOUN
cjfa-37579	345	93	in	in	ADP
cjfa-37579	345	94	mean	mean	NOUN
cjfa-37579	345	95	(	(	PUNCT
cjfa-37579	345	96	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	345	97	�	�	PROPN
cjfa-37579	345	98	�	�	PROPN
cjfa-37579	345	99	)	)	PUNCT
cjfa-37579	345	100	.	.	PUNCT
cjfa-37579	346	1	positive	positive	ADJ
cjfa-37579	346	2	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	346	3	�	�	PROPN
cjfa-37579	346	4	�	�	PROPN
cjfa-37579	346	5	indicates	indicate	VERB
cjfa-37579	346	6	higher	high	ADJ
cjfa-37579	346	7	risk	risk	NOUN
cjfa-37579	346	8	leading	lead	VERB
cjfa-37579	346	9	to	to	ADP
cjfa-37579	346	10	higher	high	ADJ
cjfa-37579	346	11	average	average	ADJ
cjfa-37579	346	12	return	return	NOUN
cjfa-37579	346	13	and	and	CCONJ
cjfa-37579	346	14	vice	vice	NOUN
cjfa-37579	346	15	versa	versa	ADV
cjfa-37579	346	16	.	.	PUNCT
cjfa-37579	347	1	the	the	DET
cjfa-37579	347	2	a	a	DET
cjfa-37579	347	3	priori	priori	ADJ
cjfa-37579	347	4	expectation	expectation	NOUN
cjfa-37579	347	5	of	of	ADP
cjfa-37579	347	6	garch	garch	NOUN
cjfa-37579	347	7	-	-	PUNCT
cjfa-37579	347	8	in	in	ADP
cjfa-37579	347	9	-	-	PUNCT
cjfa-37579	347	10	mean	mean	NOUN
cjfa-37579	347	11	is	be	AUX
cjfa-37579	347	12	0	0	NUM
cjfa-37579	347	13	>	>	PUNCT
cjfa-37579	347	14	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	347	15	�	�	PROPN
cjfa-37579	347	16	�	�	PROPN
cjfa-37579	347	17	>	>	X
cjfa-37579	347	18	0	0	PROPN
cjfa-37579	347	19	,	,	PUNCT
cjfa-37579	347	20	indicating	indicate	VERB
cjfa-37579	347	21	that	that	SCONJ
cjfa-37579	347	22	the	the	DET
cjfa-37579	347	23	risk	risk	NOUN
cjfa-37579	347	24	-	-	PUNCT
cjfa-37579	347	25	return	return	NOUN
cjfa-37579	347	26	relationship	relationship	NOUN
cjfa-37579	347	27	can	can	AUX
cjfa-37579	347	28	be	be	AUX
cjfa-37579	347	29	positive	positive	ADJ
cjfa-37579	347	30	or	or	CCONJ
cjfa-37579	347	31	negative	negative	ADJ
cjfa-37579	347	32	.	.	PUNCT
cjfa-37579	348	1	good	good	ADJ
cjfa-37579	348	2	and	and	CCONJ
cjfa-37579	348	3	bad	bad	ADJ
cjfa-37579	348	4	news	news	NOUN
cjfa-37579	348	5	during	during	ADP
cjfa-37579	348	6	covid-19	covid-19	PROPN
cjfa-37579	348	7	threshold	threshold	NOUN
cjfa-37579	348	8	garch	garch	NOUN
cjfa-37579	348	9	(	(	PUNCT
cjfa-37579	348	10	tgarch	tgarch	NOUN
cjfa-37579	348	11	/	/	SYM
cjfa-37579	348	12	tarch	tarch	NOUN
cjfa-37579	348	13	)	)	PUNCT
cjfa-37579	348	14	permits	permit	VERB
cjfa-37579	348	15	asymmetric	asymmetric	ADJ
cjfa-37579	348	16	effect	effect	NOUN
cjfa-37579	348	17	between	between	ADP
cjfa-37579	348	18	positive	positive	ADJ
cjfa-37579	348	19	and	and	CCONJ
cjfa-37579	348	20	negative	negative	ADJ
cjfa-37579	348	21	news	news	NOUN
cjfa-37579	348	22	on	on	ADP
cjfa-37579	348	23	cross	cross	ADJ
cjfa-37579	348	24	-	-	ADJ
cjfa-37579	348	25	section	section	ADJ
cjfa-37579	348	26	stock	stock	NOUN
cjfa-37579	348	27	returns	return	NOUN
cjfa-37579	348	28	with	with	ADP
cjfa-37579	348	29	general	general	ADJ
cjfa-37579	348	30	description	description	NOUN
cjfa-37579	348	31	stated	state	VERB
cjfa-37579	348	32	below:𝐶𝜎𝜎	below:𝐶𝜎𝜎	PROPN
cjfa-37579	348	33	�	�	PROPN
cjfa-37579	348	34	�	�	PROPN
cjfa-37579	348	35	�	�	PROPN
cjfa-37579	348	36	=	=	PUNCT
cjfa-37579	348	37	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	348	38	+	+	CCONJ
cjfa-37579	348	39	∑	∑	PROPN
cjfa-37579	348	40	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	348	41	�	�	PROPN
cjfa-37579	348	42	�	�	PROPN
cjfa-37579	348	43	�	�	PROPN
cjfa-37579	348	44	�	�	PROPN
cjfa-37579	348	45	�	�	PROPN
cjfa-37579	348	46	�	�	PROPN
cjfa-37579	348	47	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	348	48	�	�	PROPN
cjfa-37579	348	49	�	�	PROPN
cjfa-37579	348	50	�	�	PROPN
cjfa-37579	348	51	�	�	PROPN
cjfa-37579	348	52	�	�	PROPN
cjfa-37579	349	1	+	+	CCONJ
cjfa-37579	349	2	∑	∑	PROPN
cjfa-37579	349	3	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	349	4	�	�	PROPN
cjfa-37579	349	5	�	�	PROPN
cjfa-37579	349	6	�	�	PROPN
cjfa-37579	349	7	�	�	PROPN
cjfa-37579	349	8	�	�	PROPN
cjfa-37579	349	9	�	�	PROPN
cjfa-37579	349	10	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	349	11	�	�	PROPN
cjfa-37579	349	12	�	�	PROPN
cjfa-37579	349	13	�	�	PROPN
cjfa-37579	349	14	�	�	PROPN
cjfa-37579	349	15	�	�	PROPN
cjfa-37579	349	16	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	349	17	�	�	PROPN
cjfa-37579	349	18	�	�	PROPN
cjfa-37579	349	19	�	�	PROPN
cjfa-37579	349	20	�	�	PROPN
cjfa-37579	349	21	+	+	CCONJ
cjfa-37579	349	22	∑	∑	PROPN
cjfa-37579	349	23	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	349	24	�	�	PROPN
cjfa-37579	349	25	�	�	PROPN
cjfa-37579	349	26	�	�	PROPN
cjfa-37579	349	27	�	�	PROPN
cjfa-37579	349	28	�	�	PROPN
cjfa-37579	349	29	�	�	PROPN
cjfa-37579	349	30	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	349	31	�	�	PROPN
cjfa-37579	349	32	�	�	PROPN
cjfa-37579	349	33	�	�	PROPN
cjfa-37579	349	34	�	�	PROPN
cjfa-37579	349	35	�	�	PROPN
cjfa-37579	349	36	(	(	PUNCT
cjfa-37579	349	37	10	10	NUM
cjfa-37579	349	38	)	)	PUNCT
cjfa-37579	349	39	(	(	PUNCT
cjfa-37579	349	40	9	9	X
cjfa-37579	349	41	)	)	PUNCT
cjfa-37579	349	42	kamaldeen	kamaldeen	VERB
cjfa-37579	349	43	ibraheem	ibraheem	NOUN
cjfa-37579	349	44	nageri106	nageri106	PROPN
cjfa-37579	349	45	where	where	SCONJ
cjfa-37579	349	46	g	g	NOUN
cjfa-37579	349	47	(	(	PUNCT
cjfa-37579	349	48	 	 	SPACE
cjfa-37579	349	49	.	.	PUNCT
cjfa-37579	349	50	 	 	SPACE
cjfa-37579	349	51	)	)	PUNCT
cjfa-37579	349	52	is	be	AUX
cjfa-37579	349	53	the	the	DET
cjfa-37579	349	54	arbitrary	arbitrary	ADJ
cjfa-37579	349	55	volatility	volatility	NOUN
cjfa-37579	349	56	function	function	NOUN
cjfa-37579	349	57	of	of	ADP
cjfa-37579	349	58	σit	σit	PROPN
cjfa-37579	349	59	,	,	PUNCT
cjfa-37579	350	1	the	the	DET
cjfa-37579	350	2	cross	cross	ADJ
cjfa-37579	350	3	-	-	ADJ
cjfa-37579	350	4	section	section	ADJ
cjfa-37579	350	5	garch	garch	NOUN
cjfa-37579	350	6	-	-	PUNCT
cjfa-37579	350	7	m	m	PROPN
cjfa-37579	350	8	was	be	AUX
cjfa-37579	350	9	specified	specify	VERB
cjfa-37579	350	10	with	with	ADP
cjfa-37579	350	11	cross	cross	ADJ
cjfa-37579	350	12	-	-	ADJ
cjfa-37579	350	13	section	section	ADJ
cjfa-37579	350	14	garch	garch	NOUN
cjfa-37579	350	15	conditional	conditional	ADJ
cjfa-37579	350	16	variance	variance	NOUN
cjfa-37579	350	17	specification	specification	NOUN
cjfa-37579	350	18	and	and	CCONJ
cjfa-37579	350	19	the	the	DET
cjfa-37579	350	20	function	function	NOUN
cjfa-37579	350	21	g(σit	g(σit	NOUN
cjfa-37579	350	22	)	)	PUNCT
cjfa-37579	350	23	is	be	AUX
cjfa-37579	350	24	the	the	DET
cjfa-37579	350	25	standard	standard	ADJ
cjfa-37579	350	26	deviation	deviation	NOUN
cjfa-37579	350	27	in	in	ADP
cjfa-37579	350	28	mean	mean	NOUN
cjfa-37579	350	29	(	(	PUNCT
cjfa-37579	350	30	θit	θit	PROPN
cjfa-37579	350	31	)	)	PUNCT
cjfa-37579	350	32	.	.	PUNCT
cjfa-37579	351	1	positive	positive	ADJ
cjfa-37579	351	2	θit	θit	NOUN
cjfa-37579	351	3	indicates	indicate	VERB
cjfa-37579	351	4	higher	high	ADJ
cjfa-37579	351	5	risk	risk	NOUN
cjfa-37579	351	6	leading	lead	VERB
cjfa-37579	351	7	to	to	ADP
cjfa-37579	351	8	higher	high	ADJ
cjfa-37579	351	9	average	average	ADJ
cjfa-37579	351	10	return	return	NOUN
cjfa-37579	351	11	and	and	CCONJ
cjfa-37579	351	12	vice	vice	NOUN
cjfa-37579	351	13	versa	versa	ADV
cjfa-37579	351	14	.	.	PUNCT
cjfa-37579	352	1	the	the	DET
cjfa-37579	352	2	a	a	DET
cjfa-37579	352	3	priori	priori	ADJ
cjfa-37579	352	4	expectation	expectation	NOUN
cjfa-37579	352	5	of	of	ADP
cjfa-37579	352	6	garch	garch	NOUN
cjfa-37579	352	7	-	-	PUNCT
cjfa-37579	352	8	in	in	ADP
cjfa-37579	352	9	-	-	PUNCT
cjfa-37579	352	10	mean	mean	NOUN
cjfa-37579	352	11	is	be	AUX
cjfa-37579	352	12	0	0	NUM
cjfa-37579	352	13	>	>	X
cjfa-37579	352	14	θit	θit	NOUN
cjfa-37579	352	15	>	>	X
cjfa-37579	352	16	0	0	PROPN
cjfa-37579	352	17	,	,	PUNCT
cjfa-37579	352	18	indicating	indicate	VERB
cjfa-37579	352	19	that	that	SCONJ
cjfa-37579	352	20	the	the	DET
cjfa-37579	352	21	risk	risk	NOUN
cjfa-37579	352	22	-	-	PUNCT
cjfa-37579	352	23	return	return	NOUN
cjfa-37579	352	24	relationship	relationship	NOUN
cjfa-37579	352	25	can	can	AUX
cjfa-37579	352	26	be	be	AUX
cjfa-37579	352	27	positive	positive	ADJ
cjfa-37579	352	28	or	or	CCONJ
cjfa-37579	352	29	negative	negative	ADJ
cjfa-37579	352	30	.	.	PUNCT
cjfa-37579	353	1	good	good	ADJ
cjfa-37579	353	2	and	and	CCONJ
cjfa-37579	353	3	bad	bad	ADJ
cjfa-37579	353	4	news	news	NOUN
cjfa-37579	353	5	during	during	ADP
cjfa-37579	353	6	covid-19	covid-19	PROPN
cjfa-37579	353	7	threshold	threshold	NOUN
cjfa-37579	353	8	garch	garch	NOUN
cjfa-37579	353	9	(	(	PUNCT
cjfa-37579	353	10	tgarch	tgarch	NOUN
cjfa-37579	353	11	/	/	SYM
cjfa-37579	353	12	tarch	tarch	NOUN
cjfa-37579	353	13	)	)	PUNCT
cjfa-37579	353	14	permits	permit	VERB
cjfa-37579	353	15	asymmetric	asymmetric	ADJ
cjfa-37579	353	16	effect	effect	NOUN
cjfa-37579	353	17	between	between	ADP
cjfa-37579	353	18	positive	positive	ADJ
cjfa-37579	353	19	and	and	CCONJ
cjfa-37579	353	20	negative	negative	ADJ
cjfa-37579	353	21	news	news	NOUN
cjfa-37579	353	22	on	on	ADP
cjfa-37579	353	23	cross	cross	ADJ
cjfa-37579	353	24	-	-	ADJ
cjfa-37579	353	25	section	section	ADJ
cjfa-37579	353	26	stock	stock	NOUN
cjfa-37579	353	27	returns	return	NOUN
cjfa-37579	353	28	with	with	ADP
cjfa-37579	353	29	general	general	ADJ
cjfa-37579	353	30	description	description	NOUN
cjfa-37579	353	31	stated	state	VERB
cjfa-37579	353	32	below	below	ADV
cjfa-37579	353	33	:	:	PUNCT
cjfa-37579	353	34	(	(	PUNCT
cjfa-37579	353	35	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	353	36	�	�	PROPN
cjfa-37579	353	37	�	�	PROPN
cjfa-37579	353	38	)	)	PUNCT
cjfa-37579	353	39	is	be	AUX
cjfa-37579	353	40	determined	determine	VERB
cjfa-37579	353	41	by	by	ADP
cjfa-37579	353	42	a	a	DET
cjfa-37579	353	43	constant	constant	ADJ
cjfa-37579	353	44	(	(	PUNCT
cjfa-37579	353	45	𝜔𝜔	𝜔𝜔	NOUN
cjfa-37579	353	46	)	)	PUNCT
cjfa-37579	353	47	,	,	PUNCT
cjfa-37579	353	48	estimates	estimate	NOUN
cjfa-37579	353	49	of	of	ADP
cjfa-37579	353	50	the	the	DET
cjfa-37579	353	51	previous	previous	ADJ
cjfa-37579	353	52	period	period	NOUN
cjfa-37579	353	53	’s	’s	PART
cjfa-37579	353	54	squared	square	VERB
cjfa-37579	353	55	residual	residual	ADJ
cjfa-37579	353	56	of	of	ADP
cjfa-37579	353	57	the	the	DET
cjfa-37579	353	58	mean	mean	ADJ
cjfa-37579	353	59	return	return	NOUN
cjfa-37579	353	60	equation	equation	NOUN
cjfa-37579	353	61	(	(	PUNCT
cjfa-37579	353	62	∑	∑	PART
cjfa-37579	353	63	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	353	64	�	�	PROPN
cjfa-37579	353	65	�	�	PROPN
cjfa-37579	353	66	�	�	PROPN
cjfa-37579	353	67	�	�	PROPN
cjfa-37579	353	68	�	�	PROPN
cjfa-37579	353	69	�	�	PROPN
cjfa-37579	353	70	�	�	PROPN
cjfa-37579	353	71	�	�	PROPN
cjfa-37579	353	72	)	)	PUNCT
cjfa-37579	353	73	and	and	CCONJ
cjfa-37579	353	74	estimates	estimate	NOUN
cjfa-37579	353	75	of	of	ADP
cjfa-37579	353	76	the	the	DET
cjfa-37579	353	77	previous	previous	ADJ
cjfa-37579	353	78	period	period	NOUN
cjfa-37579	353	79	’s	’s	PART
cjfa-37579	353	80	return	return	NOUN
cjfa-37579	353	81	variance	variance	NOUN
cjfa-37579	353	82	(	(	PUNCT
cjfa-37579	353	83	∑	∑	PROPN
cjfa-37579	353	84	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	353	85	�	�	PROPN
cjfa-37579	353	86	�	�	PROPN
cjfa-37579	353	87	�	�	PROPN
cjfa-37579	353	88	�	�	PROPN
cjfa-37579	353	89	�	�	PROPN
cjfa-37579	353	90	�	�	PROPN
cjfa-37579	353	91	�	�	PROPN
cjfa-37579	353	92	�	�	PROPN
cjfa-37579	353	93	)	)	PUNCT
cjfa-37579	353	94	.	.	PUNCT
cjfa-37579	354	1	model	model	NOUN
cjfa-37579	354	2	specification	specification	NOUN
cjfa-37579	354	3	this	this	DET
cjfa-37579	354	4	study	study	NOUN
cjfa-37579	354	5	examined	examine	VERB
cjfa-37579	354	6	the	the	DET
cjfa-37579	354	7	risk	risk	NOUN
cjfa-37579	354	8	-	-	PUNCT
cjfa-37579	354	9	return	return	NOUN
cjfa-37579	354	10	relationship	relationship	NOUN
cjfa-37579	354	11	of	of	ADP
cjfa-37579	354	12	returns	return	NOUN
cjfa-37579	354	13	and	and	CCONJ
cjfa-37579	354	14	evaluates	evaluate	VERB
cjfa-37579	354	15	good	good	ADJ
cjfa-37579	354	16	and	and	CCONJ
cjfa-37579	354	17	bad	bad	ADJ
cjfa-37579	354	18	news	news	NOUN
cjfa-37579	354	19	during	during	ADP
cjfa-37579	354	20	covid-19	covid-19	PROPN
cjfa-37579	354	21	.	.	PUNCT
cjfa-37579	355	1	variant	variant	ADJ
cjfa-37579	355	2	auto	auto	NOUN
cjfa-37579	355	3	-	-	PUNCT
cjfa-37579	355	4	regressive	regressive	ADJ
cjfa-37579	355	5	conditional	conditional	ADJ
cjfa-37579	355	6	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	355	7	(	(	PUNCT
cjfa-37579	355	8	arch	arch	ADJ
cjfa-37579	355	9	)	)	PUNCT
cjfa-37579	355	10	models	model	NOUN
cjfa-37579	355	11	were	be	AUX
cjfa-37579	355	12	used	use	VERB
cjfa-37579	355	13	to	to	PART
cjfa-37579	355	14	achieve	achieve	VERB
cjfa-37579	355	15	the	the	DET
cjfa-37579	355	16	purpose	purpose	NOUN
cjfa-37579	355	17	of	of	ADP
cjfa-37579	355	18	the	the	DET
cjfa-37579	355	19	study	study	NOUN
cjfa-37579	355	20	under	under	ADP
cjfa-37579	355	21	three	three	NUM
cjfa-37579	355	22	(	(	PUNCT
cjfa-37579	355	23	3	3	NUM
cjfa-37579	355	24	)	)	PUNCT
cjfa-37579	355	25	distributional	distributional	ADJ
cjfa-37579	355	26	assumptions	assumption	NOUN
cjfa-37579	355	27	.	.	PUNCT
cjfa-37579	356	1	the	the	DET
cjfa-37579	356	2	following	follow	VERB
cjfa-37579	356	3	is	be	AUX
cjfa-37579	356	4	the	the	DET
cjfa-37579	356	5	general	general	ADJ
cjfa-37579	356	6	form	form	NOUN
cjfa-37579	356	7	of	of	ADP
cjfa-37579	356	8	the	the	DET
cjfa-37579	356	9	panel	panel	NOUN
cjfa-37579	356	10	garch	garch	NOUN
cjfa-37579	356	11	model	model	NOUN
cjfa-37579	356	12	used	use	VERB
cjfa-37579	356	13	in	in	ADP
cjfa-37579	356	14	this	this	DET
cjfa-37579	356	15	research	research	NOUN
cjfa-37579	356	16	:	:	PUNCT
cjfa-37579	356	17	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	356	18	�	�	PROPN
cjfa-37579	356	19	�	�	PROPN
cjfa-37579	356	20	�	�	PROPN
cjfa-37579	356	21	=	=	SYM
cjfa-37579	356	22	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	356	23	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	356	24	�	�	PROPN
cjfa-37579	356	25	�	�	PROPN
cjfa-37579	356	26	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	356	27	�	�	PROPN
cjfa-37579	356	28	�	�	PROPN
cjfa-37579	356	29	�	�	PROPN
cjfa-37579	356	30	�	�	PROPN
cjfa-37579	356	31	�	�	PROPN
cjfa-37579	356	32	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	356	33	�	�	PROPN
cjfa-37579	356	34	�	�	PROPN
cjfa-37579	356	35	�	�	PROPN
cjfa-37579	356	36	cross	cross	NOUN
cjfa-37579	356	37	-	-	NOUN
cjfa-37579	356	38	section	section	ADJ
cjfa-37579	356	39	mean	mean	NOUN
cjfa-37579	356	40	return	return	NOUN
cjfa-37579	356	41	equation	equation	NOUN
cjfa-37579	356	42	for	for	ADP
cjfa-37579	356	43	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	356	44	�	�	PROPN
cjfa-37579	356	45	�	�	PROPN
cjfa-37579	356	46	�	�	PROPN
cjfa-37579	356	47	(	(	PUNCT
cjfa-37579	356	48	7	7	NUM
cjfa-37579	356	49	)	)	PUNCT
cjfa-37579	356	50	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	356	51	�	�	PROPN
cjfa-37579	356	52	�	�	PROPN
cjfa-37579	356	53	�	�	PROPN
cjfa-37579	356	54	=	=	PUNCT
cjfa-37579	356	55	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	356	56	𝐶	𝐶	PROPN
cjfa-37579	356	57	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	356	58	�	�	PROPN
cjfa-37579	356	59	�	�	PROPN
cjfa-37579	356	60	�	�	PROPN
cjfa-37579	356	61	�	�	PROPN
cjfa-37579	356	62	�	�	PROPN
cjfa-37579	356	63	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	356	64	𝐶𝛽𝛽𝜎𝜎	𝐶𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	356	65	�	�	PROPN
cjfa-37579	356	66	�	�	PROPN
cjfa-37579	356	67	�	�	PROPN
cjfa-37579	356	68	�	�	PROPN
cjfa-37579	356	69	�	�	PROPN
cjfa-37579	356	70	cross	cross	NOUN
cjfa-37579	356	71	-	-	ADJ
cjfa-37579	356	72	section	section	ADJ
cjfa-37579	356	73	variance	variance	NOUN
cjfa-37579	356	74	of	of	ADP
cjfa-37579	356	75	return	return	NOUN
cjfa-37579	356	76	equation	equation	NOUN
cjfa-37579	356	77	(	(	PUNCT
cjfa-37579	356	78	8)	8)	NUM
cjfa-37579	356	79	where	where	SCONJ
cjfa-37579	356	80	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	356	81	�	�	PROPN
cjfa-37579	356	82	�	�	PROPN
cjfa-37579	356	83	�	�	PROPN
cjfa-37579	356	84	represents	represent	VERB
cjfa-37579	356	85	the	the	DET
cjfa-37579	356	86	cross	cross	ADJ
cjfa-37579	356	87	-	-	ADJ
cjfa-37579	356	88	section	section	ADJ
cjfa-37579	356	89	return	return	NOUN
cjfa-37579	356	90	variance	variance	NOUN
cjfa-37579	356	91	(	(	PUNCT
cjfa-37579	356	92	error	error	NOUN
cjfa-37579	356	93	term	term	NOUN
cjfa-37579	356	94	from	from	ADP
cjfa-37579	356	95	the	the	DET
cjfa-37579	356	96	mean	mean	ADJ
cjfa-37579	356	97	return	return	NOUN
cjfa-37579	356	98	equation	equation	NOUN
cjfa-37579	356	99	)	)	PUNCT
cjfa-37579	356	100	is	be	AUX
cjfa-37579	356	101	determined	determine	VERB
cjfa-37579	356	102	by	by	ADP
cjfa-37579	356	103	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	356	104	representing	represent	VERB
cjfa-37579	356	105	the	the	DET
cjfa-37579	356	106	constant	constant	ADJ
cjfa-37579	356	107	,	,	PUNCT
cjfa-37579	356	108	𝛼𝛼	𝛼𝛼	AUX
cjfa-37579	356	109	�	�	PROPN
cjfa-37579	356	110	�	�	PROPN
cjfa-37579	356	111	�	�	PROPN
cjfa-37579	356	112	�	�	PROPN
cjfa-37579	356	113	�	�	PROPN
cjfa-37579	356	114	representing	represent	VERB
cjfa-37579	356	115	the	the	DET
cjfa-37579	356	116	arch	arch	ADJ
cjfa-37579	356	117	term	term	NOUN
cjfa-37579	356	118	showing	show	VERB
cjfa-37579	356	119	the	the	DET
cjfa-37579	356	120	past	past	ADJ
cjfa-37579	356	121	period	period	NOUN
cjfa-37579	356	122	’s	’s	PART
cjfa-37579	356	123	cross	cross	NOUN
cjfa-37579	356	124	-	-	ADJ
cjfa-37579	356	125	section	section	ADJ
cjfa-37579	356	126	squared	square	VERB
cjfa-37579	356	127	error	error	NOUN
cjfa-37579	356	128	term	term	NOUN
cjfa-37579	356	129	derived	derive	VERB
cjfa-37579	356	130	from	from	ADP
cjfa-37579	356	131	the	the	DET
cjfa-37579	356	132	mean	mean	ADJ
cjfa-37579	356	133	return	return	NOUN
cjfa-37579	356	134	equation	equation	NOUN
cjfa-37579	356	135	and	and	CCONJ
cjfa-37579	356	136	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	356	137	�	�	PROPN
cjfa-37579	356	138	�	�	PROPN
cjfa-37579	356	139	�	�	PROPN
cjfa-37579	356	140	�	�	PROPN
cjfa-37579	356	141	�	�	PROPN
cjfa-37579	356	142	representing	represent	VERB
cjfa-37579	356	143	the	the	DET
cjfa-37579	356	144	garch	garch	NOUN
cjfa-37579	356	145	term	term	NOUN
cjfa-37579	356	146	showing	show	VERB
cjfa-37579	356	147	the	the	DET
cjfa-37579	356	148	past	past	ADJ
cjfa-37579	356	149	period	period	NOUN
cjfa-37579	356	150	’s	’s	PART
cjfa-37579	356	151	cross	cross	ADJ
cjfa-37579	356	152	-	-	ADJ
cjfa-37579	356	153	section	section	ADJ
cjfa-37579	356	154	variance	variance	NOUN
cjfa-37579	356	155	of	of	ADP
cjfa-37579	356	156	the	the	DET
cjfa-37579	356	157	return	return	NOUN
cjfa-37579	356	158	.	.	PUNCT
cjfa-37579	357	1	risk	risk	NOUN
cjfa-37579	357	2	-	-	PUNCT
cjfa-37579	357	3	return	return	NOUN
cjfa-37579	357	4	during	during	ADP
cjfa-37579	357	5	covid-19	covid-19	PROPN
cjfa-37579	357	6	the	the	DET
cjfa-37579	357	7	panel	panel	NOUN
cjfa-37579	357	8	garch	garch	NOUN
cjfa-37579	357	9	-	-	PUNCT
cjfa-37579	357	10	in	in	ADP
cjfa-37579	357	11	-	-	PUNCT
cjfa-37579	357	12	mean	mean	NOUN
cjfa-37579	357	13	(	(	PUNCT
cjfa-37579	357	14	garch	garch	NOUN
cjfa-37579	357	15	-	-	PUNCT
cjfa-37579	357	16	m	m	NOUN
cjfa-37579	357	17	)	)	PUNCT
cjfa-37579	357	18	model	model	NOUN
cjfa-37579	357	19	used	use	VERB
cjfa-37579	357	20	to	to	PART
cjfa-37579	357	21	measure	measure	VERB
cjfa-37579	357	22	the	the	DET
cjfa-37579	357	23	risk	risk	NOUN
cjfa-37579	357	24	-	-	PUNCT
cjfa-37579	357	25	return	return	NOUN
cjfa-37579	357	26	relationship	relationship	NOUN
cjfa-37579	357	27	was	be	AUX
cjfa-37579	357	28	as	as	SCONJ
cjfa-37579	357	29	follows	follow	VERB
cjfa-37579	357	30	:	:	PUNCT
cjfa-37579	357	31	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	357	32	�	�	PROPN
cjfa-37579	357	33	�	�	PROPN
cjfa-37579	357	34	�	�	PROPN
cjfa-37579	357	35	=	=	PUNCT
cjfa-37579	357	36	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	357	37	𝐶	𝐶	PROPN
cjfa-37579	357	38	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	357	39	�	�	PROPN
cjfa-37579	357	40	�	�	PROPN
cjfa-37579	357	41	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	357	42	�	�	PROPN
cjfa-37579	357	43	�	�	PROPN
cjfa-37579	357	44	)	)	PUNCT
cjfa-37579	357	45	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	357	46	�	�	PROPN
cjfa-37579	357	47	�	�	PROPN
cjfa-37579	357	48	�	�	PROPN
cjfa-37579	357	49	(	(	PUNCT
cjfa-37579	357	50	9	9	NUM
cjfa-37579	357	51	)	)	PUNCT
cjfa-37579	357	52	where	where	SCONJ
cjfa-37579	357	53	𝑔𝑔𝑔.	𝑔𝑔𝑔.	NOUN
cjfa-37579	357	54	)	)	PUNCT
cjfa-37579	357	55	is	be	AUX
cjfa-37579	357	56	the	the	DET
cjfa-37579	357	57	arbitrary	arbitrary	ADJ
cjfa-37579	357	58	volatility	volatility	NOUN
cjfa-37579	357	59	function	function	NOUN
cjfa-37579	357	60	of	of	ADP
cjfa-37579	357	61	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	357	62	�	�	PROPN
cjfa-37579	357	63	�	�	PROPN
cjfa-37579	357	64	,	,	PUNCT
cjfa-37579	357	65	the	the	DET
cjfa-37579	357	66	cross	cross	ADJ
cjfa-37579	357	67	-	-	ADJ
cjfa-37579	357	68	section	section	ADJ
cjfa-37579	357	69	garch	garch	NOUN
cjfa-37579	357	70	-	-	PUNCT
cjfa-37579	357	71	m	m	PROPN
cjfa-37579	357	72	was	be	AUX
cjfa-37579	357	73	specified	specify	VERB
cjfa-37579	357	74	with	with	ADP
cjfa-37579	357	75	cross	cross	ADJ
cjfa-37579	357	76	-	-	ADJ
cjfa-37579	357	77	section	section	ADJ
cjfa-37579	357	78	garch	garch	NOUN
cjfa-37579	357	79	conditional	conditional	ADJ
cjfa-37579	357	80	variance	variance	NOUN
cjfa-37579	357	81	specification	specification	NOUN
cjfa-37579	357	82	and	and	CCONJ
cjfa-37579	357	83	the	the	DET
cjfa-37579	357	84	function	function	NOUN
cjfa-37579	357	85	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	357	86	�	�	PROPN
cjfa-37579	357	87	�	�	PROPN
cjfa-37579	357	88	)	)	PUNCT
cjfa-37579	357	89	is	be	AUX
cjfa-37579	357	90	the	the	DET
cjfa-37579	357	91	standard	standard	ADJ
cjfa-37579	357	92	deviation	deviation	NOUN
cjfa-37579	357	93	in	in	ADP
cjfa-37579	357	94	mean	mean	NOUN
cjfa-37579	357	95	(	(	PUNCT
cjfa-37579	357	96	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	357	97	�	�	PROPN
cjfa-37579	357	98	�	�	PROPN
cjfa-37579	357	99	)	)	PUNCT
cjfa-37579	357	100	.	.	PUNCT
cjfa-37579	358	1	positive	positive	ADJ
cjfa-37579	358	2	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	358	3	�	�	PROPN
cjfa-37579	358	4	�	�	PROPN
cjfa-37579	358	5	indicates	indicate	VERB
cjfa-37579	358	6	higher	high	ADJ
cjfa-37579	358	7	risk	risk	NOUN
cjfa-37579	358	8	leading	lead	VERB
cjfa-37579	358	9	to	to	ADP
cjfa-37579	358	10	higher	high	ADJ
cjfa-37579	358	11	average	average	ADJ
cjfa-37579	358	12	return	return	NOUN
cjfa-37579	358	13	and	and	CCONJ
cjfa-37579	358	14	vice	vice	NOUN
cjfa-37579	358	15	versa	versa	ADV
cjfa-37579	358	16	.	.	PUNCT
cjfa-37579	359	1	the	the	DET
cjfa-37579	359	2	a	a	DET
cjfa-37579	359	3	priori	priori	ADJ
cjfa-37579	359	4	expectation	expectation	NOUN
cjfa-37579	359	5	of	of	ADP
cjfa-37579	359	6	garch	garch	NOUN
cjfa-37579	359	7	-	-	PUNCT
cjfa-37579	359	8	in	in	ADP
cjfa-37579	359	9	-	-	PUNCT
cjfa-37579	359	10	mean	mean	NOUN
cjfa-37579	359	11	is	be	AUX
cjfa-37579	359	12	0	0	NUM
cjfa-37579	359	13	>	>	PUNCT
cjfa-37579	359	14	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	359	15	�	�	PROPN
cjfa-37579	359	16	�	�	PROPN
cjfa-37579	359	17	>	>	X
cjfa-37579	359	18	0	0	PROPN
cjfa-37579	359	19	,	,	PUNCT
cjfa-37579	359	20	indicating	indicate	VERB
cjfa-37579	359	21	that	that	SCONJ
cjfa-37579	359	22	the	the	DET
cjfa-37579	359	23	risk	risk	NOUN
cjfa-37579	359	24	-	-	PUNCT
cjfa-37579	359	25	return	return	NOUN
cjfa-37579	359	26	relationship	relationship	NOUN
cjfa-37579	359	27	can	can	AUX
cjfa-37579	359	28	be	be	AUX
cjfa-37579	359	29	positive	positive	ADJ
cjfa-37579	359	30	or	or	CCONJ
cjfa-37579	359	31	negative	negative	ADJ
cjfa-37579	359	32	.	.	PUNCT
cjfa-37579	360	1	good	good	ADJ
cjfa-37579	360	2	and	and	CCONJ
cjfa-37579	360	3	bad	bad	ADJ
cjfa-37579	360	4	news	news	NOUN
cjfa-37579	360	5	during	during	ADP
cjfa-37579	360	6	covid-19	covid-19	PROPN
cjfa-37579	360	7	threshold	threshold	NOUN
cjfa-37579	360	8	garch	garch	NOUN
cjfa-37579	360	9	(	(	PUNCT
cjfa-37579	360	10	tgarch	tgarch	NOUN
cjfa-37579	360	11	/	/	SYM
cjfa-37579	360	12	tarch	tarch	NOUN
cjfa-37579	360	13	)	)	PUNCT
cjfa-37579	360	14	permits	permit	VERB
cjfa-37579	360	15	asymmetric	asymmetric	ADJ
cjfa-37579	360	16	effect	effect	NOUN
cjfa-37579	360	17	between	between	ADP
cjfa-37579	360	18	positive	positive	ADJ
cjfa-37579	360	19	and	and	CCONJ
cjfa-37579	360	20	negative	negative	ADJ
cjfa-37579	360	21	news	news	NOUN
cjfa-37579	360	22	on	on	ADP
cjfa-37579	360	23	cross	cross	ADJ
cjfa-37579	360	24	-	-	ADJ
cjfa-37579	360	25	section	section	ADJ
cjfa-37579	360	26	stock	stock	NOUN
cjfa-37579	360	27	returns	return	NOUN
cjfa-37579	360	28	with	with	ADP
cjfa-37579	360	29	general	general	ADJ
cjfa-37579	360	30	description	description	NOUN
cjfa-37579	360	31	stated	state	VERB
cjfa-37579	360	32	below:𝐶𝜎𝜎	below:𝐶𝜎𝜎	PROPN
cjfa-37579	360	33	�	�	PROPN
cjfa-37579	360	34	�	�	PROPN
cjfa-37579	360	35	�	�	PROPN
cjfa-37579	360	36	=	=	PUNCT
cjfa-37579	360	37	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	360	38	+	+	CCONJ
cjfa-37579	360	39	∑	∑	PROPN
cjfa-37579	360	40	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	360	41	�	�	PROPN
cjfa-37579	360	42	�	�	PROPN
cjfa-37579	360	43	�	�	PROPN
cjfa-37579	360	44	�	�	PROPN
cjfa-37579	360	45	�	�	PROPN
cjfa-37579	360	46	�	�	PROPN
cjfa-37579	360	47	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	360	48	�	�	PROPN
cjfa-37579	360	49	�	�	PROPN
cjfa-37579	360	50	�	�	PROPN
cjfa-37579	360	51	�	�	PROPN
cjfa-37579	360	52	�	�	PROPN
cjfa-37579	361	1	+	+	CCONJ
cjfa-37579	361	2	∑	∑	PROPN
cjfa-37579	361	3	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	361	4	�	�	PROPN
cjfa-37579	361	5	�	�	PROPN
cjfa-37579	361	6	�	�	PROPN
cjfa-37579	361	7	�	�	PROPN
cjfa-37579	361	8	�	�	PROPN
cjfa-37579	361	9	�	�	PROPN
cjfa-37579	361	10	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	361	11	�	�	PROPN
cjfa-37579	361	12	�	�	PROPN
cjfa-37579	361	13	�	�	PROPN
cjfa-37579	361	14	�	�	PROPN
cjfa-37579	361	15	�	�	PROPN
cjfa-37579	361	16	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	361	17	�	�	PROPN
cjfa-37579	361	18	�	�	PROPN
cjfa-37579	361	19	�	�	PROPN
cjfa-37579	361	20	�	�	PROPN
cjfa-37579	361	21	+	+	CCONJ
cjfa-37579	361	22	∑	∑	PROPN
cjfa-37579	361	23	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	361	24	�	�	PROPN
cjfa-37579	361	25	�	�	PROPN
cjfa-37579	361	26	�	�	PROPN
cjfa-37579	361	27	�	�	PROPN
cjfa-37579	361	28	�	�	PROPN
cjfa-37579	361	29	�	�	PROPN
cjfa-37579	361	30	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	361	31	�	�	PROPN
cjfa-37579	361	32	�	�	PROPN
cjfa-37579	361	33	�	�	PROPN
cjfa-37579	361	34	�	�	PROPN
cjfa-37579	361	35	�	�	PROPN
cjfa-37579	361	36	(	(	PUNCT
cjfa-37579	361	37	10	10	NUM
cjfa-37579	361	38	)	)	PUNCT
cjfa-37579	361	39	(	(	PUNCT
cjfa-37579	361	40	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	361	41	�	�	PROPN
cjfa-37579	361	42	�	�	PROPN
cjfa-37579	361	43	)	)	PUNCT
cjfa-37579	361	44	is	be	AUX
cjfa-37579	361	45	determined	determine	VERB
cjfa-37579	361	46	by	by	ADP
cjfa-37579	361	47	a	a	DET
cjfa-37579	361	48	constant	constant	ADJ
cjfa-37579	361	49	(	(	PUNCT
cjfa-37579	361	50	𝜔𝜔	𝜔𝜔	NOUN
cjfa-37579	361	51	)	)	PUNCT
cjfa-37579	361	52	,	,	PUNCT
cjfa-37579	361	53	estimates	estimate	NOUN
cjfa-37579	361	54	of	of	ADP
cjfa-37579	361	55	the	the	DET
cjfa-37579	361	56	previous	previous	ADJ
cjfa-37579	361	57	period	period	NOUN
cjfa-37579	361	58	’s	’s	PART
cjfa-37579	361	59	squared	square	VERB
cjfa-37579	361	60	residual	residual	ADJ
cjfa-37579	361	61	of	of	ADP
cjfa-37579	361	62	the	the	DET
cjfa-37579	361	63	mean	mean	ADJ
cjfa-37579	361	64	return	return	NOUN
cjfa-37579	361	65	equation	equation	NOUN
cjfa-37579	361	66	(	(	PUNCT
cjfa-37579	361	67	∑	∑	PART
cjfa-37579	361	68	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	361	69	�	�	PROPN
cjfa-37579	361	70	�	�	PROPN
cjfa-37579	361	71	�	�	PROPN
cjfa-37579	361	72	�	�	PROPN
cjfa-37579	361	73	�	�	PROPN
cjfa-37579	361	74	�	�	PROPN
cjfa-37579	361	75	�	�	PROPN
cjfa-37579	361	76	�	�	PROPN
cjfa-37579	361	77	)	)	PUNCT
cjfa-37579	361	78	and	and	CCONJ
cjfa-37579	361	79	estimates	estimate	NOUN
cjfa-37579	361	80	of	of	ADP
cjfa-37579	361	81	the	the	DET
cjfa-37579	361	82	previous	previous	ADJ
cjfa-37579	361	83	period	period	NOUN
cjfa-37579	361	84	’s	’s	PART
cjfa-37579	361	85	return	return	NOUN
cjfa-37579	361	86	variance	variance	NOUN
cjfa-37579	361	87	(	(	PUNCT
cjfa-37579	361	88	∑	∑	PROPN
cjfa-37579	361	89	𝛽𝛽𝜎𝜎	𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	361	90	�	�	PROPN
cjfa-37579	361	91	�	�	PROPN
cjfa-37579	361	92	�	�	PROPN
cjfa-37579	361	93	�	�	PROPN
cjfa-37579	361	94	�	�	PROPN
cjfa-37579	361	95	�	�	PROPN
cjfa-37579	361	96	�	�	PROPN
cjfa-37579	361	97	�	�	PROPN
cjfa-37579	361	98	)	)	PUNCT
cjfa-37579	361	99	.	.	PUNCT
cjfa-37579	362	1	model	model	NOUN
cjfa-37579	362	2	specification	specification	NOUN
cjfa-37579	362	3	this	this	DET
cjfa-37579	362	4	study	study	NOUN
cjfa-37579	362	5	examined	examine	VERB
cjfa-37579	362	6	the	the	DET
cjfa-37579	362	7	risk	risk	NOUN
cjfa-37579	362	8	-	-	PUNCT
cjfa-37579	362	9	return	return	NOUN
cjfa-37579	362	10	relationship	relationship	NOUN
cjfa-37579	362	11	of	of	ADP
cjfa-37579	362	12	returns	return	NOUN
cjfa-37579	362	13	and	and	CCONJ
cjfa-37579	362	14	evaluates	evaluate	VERB
cjfa-37579	362	15	good	good	ADJ
cjfa-37579	362	16	and	and	CCONJ
cjfa-37579	362	17	bad	bad	ADJ
cjfa-37579	362	18	news	news	NOUN
cjfa-37579	362	19	during	during	ADP
cjfa-37579	362	20	covid-19	covid-19	PROPN
cjfa-37579	362	21	.	.	PUNCT
cjfa-37579	363	1	variant	variant	ADJ
cjfa-37579	363	2	auto	auto	NOUN
cjfa-37579	363	3	-	-	PUNCT
cjfa-37579	363	4	regressive	regressive	ADJ
cjfa-37579	363	5	conditional	conditional	ADJ
cjfa-37579	363	6	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	363	7	(	(	PUNCT
cjfa-37579	363	8	arch	arch	ADJ
cjfa-37579	363	9	)	)	PUNCT
cjfa-37579	363	10	models	model	NOUN
cjfa-37579	363	11	were	be	AUX
cjfa-37579	363	12	used	use	VERB
cjfa-37579	363	13	to	to	PART
cjfa-37579	363	14	achieve	achieve	VERB
cjfa-37579	363	15	the	the	DET
cjfa-37579	363	16	purpose	purpose	NOUN
cjfa-37579	363	17	of	of	ADP
cjfa-37579	363	18	the	the	DET
cjfa-37579	363	19	study	study	NOUN
cjfa-37579	363	20	under	under	ADP
cjfa-37579	363	21	three	three	NUM
cjfa-37579	363	22	(	(	PUNCT
cjfa-37579	363	23	3	3	NUM
cjfa-37579	363	24	)	)	PUNCT
cjfa-37579	363	25	distributional	distributional	ADJ
cjfa-37579	363	26	assumptions	assumption	NOUN
cjfa-37579	363	27	.	.	PUNCT
cjfa-37579	364	1	the	the	DET
cjfa-37579	364	2	following	follow	VERB
cjfa-37579	364	3	is	be	AUX
cjfa-37579	364	4	the	the	DET
cjfa-37579	364	5	general	general	ADJ
cjfa-37579	364	6	form	form	NOUN
cjfa-37579	364	7	of	of	ADP
cjfa-37579	364	8	the	the	DET
cjfa-37579	364	9	panel	panel	NOUN
cjfa-37579	364	10	garch	garch	NOUN
cjfa-37579	364	11	model	model	NOUN
cjfa-37579	364	12	used	use	VERB
cjfa-37579	364	13	in	in	ADP
cjfa-37579	364	14	this	this	DET
cjfa-37579	364	15	research	research	NOUN
cjfa-37579	364	16	:	:	PUNCT
cjfa-37579	364	17	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	364	18	�	�	PROPN
cjfa-37579	364	19	�	�	PROPN
cjfa-37579	364	20	�	�	PROPN
cjfa-37579	364	21	=	=	SYM
cjfa-37579	364	22	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	364	23	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	364	24	�	�	PROPN
cjfa-37579	364	25	�	�	PROPN
cjfa-37579	364	26	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	364	27	�	�	PROPN
cjfa-37579	364	28	�	�	PROPN
cjfa-37579	364	29	�	�	PROPN
cjfa-37579	364	30	�	�	PROPN
cjfa-37579	364	31	�	�	PROPN
cjfa-37579	364	32	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	364	33	�	�	PROPN
cjfa-37579	364	34	�	�	PROPN
cjfa-37579	364	35	�	�	PROPN
cjfa-37579	364	36	cross	cross	NOUN
cjfa-37579	364	37	-	-	NOUN
cjfa-37579	364	38	section	section	ADJ
cjfa-37579	364	39	mean	mean	NOUN
cjfa-37579	364	40	return	return	NOUN
cjfa-37579	364	41	equation	equation	NOUN
cjfa-37579	364	42	for	for	ADP
cjfa-37579	364	43	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	364	44	�	�	PROPN
cjfa-37579	364	45	�	�	PROPN
cjfa-37579	364	46	�	�	PROPN
cjfa-37579	364	47	(	(	PUNCT
cjfa-37579	364	48	7	7	NUM
cjfa-37579	364	49	)	)	PUNCT
cjfa-37579	364	50	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	364	51	�	�	PROPN
cjfa-37579	364	52	�	�	PROPN
cjfa-37579	364	53	�	�	PROPN
cjfa-37579	364	54	=	=	PUNCT
cjfa-37579	364	55	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	364	56	𝐶	𝐶	PROPN
cjfa-37579	364	57	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	PROPN
cjfa-37579	364	58	�	�	PROPN
cjfa-37579	364	59	�	�	PROPN
cjfa-37579	364	60	�	�	PROPN
cjfa-37579	364	61	�	�	PROPN
cjfa-37579	364	62	�	�	PROPN
cjfa-37579	364	63	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	364	64	𝐶𝛽𝛽𝜎𝜎	𝐶𝛽𝛽𝜎𝜎	PROPN
cjfa-37579	364	65	�	�	PROPN
cjfa-37579	364	66	�	�	PROPN
cjfa-37579	364	67	�	�	PROPN
cjfa-37579	364	68	�	�	PROPN
cjfa-37579	364	69	�	�	PROPN
cjfa-37579	364	70	cross	cross	NOUN
cjfa-37579	364	71	-	-	ADJ
cjfa-37579	364	72	section	section	ADJ
cjfa-37579	364	73	variance	variance	NOUN
cjfa-37579	364	74	of	of	ADP
cjfa-37579	364	75	return	return	NOUN
cjfa-37579	364	76	equation	equation	NOUN
cjfa-37579	364	77	(	(	PUNCT
cjfa-37579	364	78	8)	8)	NUM
cjfa-37579	364	79	where	where	SCONJ
cjfa-37579	364	80	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	364	81	�	�	PROPN
cjfa-37579	364	82	�	�	PROPN
cjfa-37579	364	83	�	�	PROPN
cjfa-37579	364	84	represents	represent	VERB
cjfa-37579	364	85	the	the	DET
cjfa-37579	364	86	cross	cross	ADJ
cjfa-37579	364	87	-	-	ADJ
cjfa-37579	364	88	section	section	ADJ
cjfa-37579	364	89	return	return	NOUN
cjfa-37579	364	90	variance	variance	NOUN
cjfa-37579	364	91	(	(	PUNCT
cjfa-37579	364	92	error	error	NOUN
cjfa-37579	364	93	term	term	NOUN
cjfa-37579	364	94	from	from	ADP
cjfa-37579	364	95	the	the	DET
cjfa-37579	364	96	mean	mean	ADJ
cjfa-37579	364	97	return	return	NOUN
cjfa-37579	364	98	equation	equation	NOUN
cjfa-37579	364	99	)	)	PUNCT
cjfa-37579	364	100	is	be	AUX
cjfa-37579	364	101	determined	determine	VERB
cjfa-37579	364	102	by	by	ADP
cjfa-37579	364	103	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	364	104	representing	represent	VERB
cjfa-37579	364	105	the	the	DET
cjfa-37579	364	106	constant	constant	ADJ
cjfa-37579	364	107	,	,	PUNCT
cjfa-37579	364	108	𝛼𝛼	𝛼𝛼	AUX
cjfa-37579	364	109	�	�	PROPN
cjfa-37579	364	110	�	�	PROPN
cjfa-37579	364	111	�	�	PROPN
cjfa-37579	364	112	�	�	PROPN
cjfa-37579	364	113	�	�	PROPN
cjfa-37579	364	114	representing	represent	VERB
cjfa-37579	364	115	the	the	DET
cjfa-37579	364	116	arch	arch	ADJ
cjfa-37579	364	117	term	term	NOUN
cjfa-37579	364	118	showing	show	VERB
cjfa-37579	364	119	the	the	DET
cjfa-37579	364	120	past	past	ADJ
cjfa-37579	364	121	period	period	NOUN
cjfa-37579	364	122	’s	’s	PART
cjfa-37579	364	123	cross	cross	NOUN
cjfa-37579	364	124	-	-	ADJ
cjfa-37579	364	125	section	section	ADJ
cjfa-37579	364	126	squared	square	VERB
cjfa-37579	364	127	error	error	NOUN
cjfa-37579	364	128	term	term	NOUN
cjfa-37579	364	129	derived	derive	VERB
cjfa-37579	364	130	from	from	ADP
cjfa-37579	364	131	the	the	DET
cjfa-37579	364	132	mean	mean	ADJ
cjfa-37579	364	133	return	return	NOUN
cjfa-37579	364	134	equation	equation	NOUN
cjfa-37579	364	135	and	and	CCONJ
cjfa-37579	364	136	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	364	137	�	�	PROPN
cjfa-37579	364	138	�	�	PROPN
cjfa-37579	364	139	�	�	PROPN
cjfa-37579	364	140	�	�	PROPN
cjfa-37579	364	141	�	�	PROPN
cjfa-37579	364	142	representing	represent	VERB
cjfa-37579	364	143	the	the	DET
cjfa-37579	364	144	garch	garch	NOUN
cjfa-37579	364	145	term	term	NOUN
cjfa-37579	364	146	showing	show	VERB
cjfa-37579	364	147	the	the	DET
cjfa-37579	364	148	past	past	ADJ
cjfa-37579	364	149	period	period	NOUN
cjfa-37579	364	150	’s	’s	PART
cjfa-37579	364	151	cross	cross	ADJ
cjfa-37579	364	152	-	-	ADJ
cjfa-37579	364	153	section	section	ADJ
cjfa-37579	364	154	variance	variance	NOUN
cjfa-37579	364	155	of	of	ADP
cjfa-37579	364	156	the	the	DET
cjfa-37579	364	157	return	return	NOUN
cjfa-37579	364	158	.	.	PUNCT
cjfa-37579	365	1	risk	risk	NOUN
cjfa-37579	365	2	-	-	PUNCT
cjfa-37579	365	3	return	return	NOUN
cjfa-37579	365	4	during	during	ADP
cjfa-37579	365	5	covid-19	covid-19	PROPN
cjfa-37579	365	6	the	the	DET
cjfa-37579	365	7	panel	panel	NOUN
cjfa-37579	365	8	garch	garch	NOUN
cjfa-37579	365	9	-	-	PUNCT
cjfa-37579	365	10	in	in	ADP
cjfa-37579	365	11	-	-	PUNCT
cjfa-37579	365	12	mean	mean	NOUN
cjfa-37579	365	13	(	(	PUNCT
cjfa-37579	365	14	garch	garch	NOUN
cjfa-37579	365	15	-	-	PUNCT
cjfa-37579	365	16	m	m	NOUN
cjfa-37579	365	17	)	)	PUNCT
cjfa-37579	365	18	model	model	NOUN
cjfa-37579	365	19	used	use	VERB
cjfa-37579	365	20	to	to	PART
cjfa-37579	365	21	measure	measure	VERB
cjfa-37579	365	22	the	the	DET
cjfa-37579	365	23	risk	risk	NOUN
cjfa-37579	365	24	-	-	PUNCT
cjfa-37579	365	25	return	return	NOUN
cjfa-37579	365	26	relationship	relationship	NOUN
cjfa-37579	365	27	was	be	AUX
cjfa-37579	365	28	as	as	SCONJ
cjfa-37579	365	29	follows	follow	VERB
cjfa-37579	365	30	:	:	PUNCT
cjfa-37579	365	31	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	365	32	�	�	PROPN
cjfa-37579	365	33	�	�	PROPN
cjfa-37579	365	34	�	�	PROPN
cjfa-37579	365	35	=	=	PUNCT
cjfa-37579	365	36	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	365	37	𝐶	𝐶	PROPN
cjfa-37579	365	38	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	365	39	�	�	PROPN
cjfa-37579	365	40	�	�	PROPN
cjfa-37579	365	41	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	365	42	�	�	PROPN
cjfa-37579	365	43	�	�	PROPN
cjfa-37579	365	44	)	)	PUNCT
cjfa-37579	365	45	𝐶𝐶𝛼𝛼	𝐶𝐶𝛼𝛼	PROPN
cjfa-37579	365	46	�	�	PROPN
cjfa-37579	365	47	�	�	PROPN
cjfa-37579	365	48	�	�	PROPN
cjfa-37579	365	49	(	(	PUNCT
cjfa-37579	365	50	9	9	NUM
cjfa-37579	365	51	)	)	PUNCT
cjfa-37579	365	52	where	where	SCONJ
cjfa-37579	365	53	𝑔𝑔𝑔.	𝑔𝑔𝑔.	NOUN
cjfa-37579	365	54	)	)	PUNCT
cjfa-37579	365	55	is	be	AUX
cjfa-37579	365	56	the	the	DET
cjfa-37579	365	57	arbitrary	arbitrary	ADJ
cjfa-37579	365	58	volatility	volatility	NOUN
cjfa-37579	365	59	function	function	NOUN
cjfa-37579	365	60	of	of	ADP
cjfa-37579	365	61	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	365	62	�	�	PROPN
cjfa-37579	365	63	�	�	PROPN
cjfa-37579	365	64	,	,	PUNCT
cjfa-37579	365	65	the	the	DET
cjfa-37579	365	66	cross	cross	ADJ
cjfa-37579	365	67	-	-	ADJ
cjfa-37579	365	68	section	section	ADJ
cjfa-37579	365	69	garch	garch	NOUN
cjfa-37579	365	70	-	-	PUNCT
cjfa-37579	365	71	m	m	PROPN
cjfa-37579	365	72	was	be	AUX
cjfa-37579	365	73	specified	specify	VERB
cjfa-37579	365	74	with	with	ADP
cjfa-37579	365	75	cross	cross	ADJ
cjfa-37579	365	76	-	-	ADJ
cjfa-37579	365	77	section	section	ADJ
cjfa-37579	365	78	garch	garch	NOUN
cjfa-37579	365	79	conditional	conditional	ADJ
cjfa-37579	365	80	variance	variance	NOUN
cjfa-37579	365	81	specification	specification	NOUN
cjfa-37579	365	82	and	and	CCONJ
cjfa-37579	365	83	the	the	DET
cjfa-37579	365	84	function	function	NOUN
cjfa-37579	365	85	𝑔𝑔𝑔𝜎𝜎	𝑔𝑔𝑔𝜎𝜎	PROPN
cjfa-37579	365	86	�	�	PROPN
cjfa-37579	365	87	�	�	PROPN
cjfa-37579	365	88	)	)	PUNCT
cjfa-37579	365	89	is	be	AUX
cjfa-37579	365	90	the	the	DET
cjfa-37579	365	91	standard	standard	ADJ
cjfa-37579	365	92	deviation	deviation	NOUN
cjfa-37579	365	93	in	in	ADP
cjfa-37579	365	94	mean	mean	NOUN
cjfa-37579	365	95	(	(	PUNCT
cjfa-37579	365	96	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	365	97	�	�	PROPN
cjfa-37579	365	98	�	�	PROPN
cjfa-37579	365	99	)	)	PUNCT
cjfa-37579	365	100	.	.	PUNCT
cjfa-37579	366	1	positive	positive	ADJ
cjfa-37579	366	2	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	366	3	�	�	PROPN
cjfa-37579	366	4	�	�	PROPN
cjfa-37579	366	5	indicates	indicate	VERB
cjfa-37579	366	6	higher	high	ADJ
cjfa-37579	366	7	risk	risk	NOUN
cjfa-37579	366	8	leading	lead	VERB
cjfa-37579	366	9	to	to	ADP
cjfa-37579	366	10	higher	high	ADJ
cjfa-37579	366	11	average	average	ADJ
cjfa-37579	366	12	return	return	NOUN
cjfa-37579	366	13	and	and	CCONJ
cjfa-37579	366	14	vice	vice	NOUN
cjfa-37579	366	15	versa	versa	ADV
cjfa-37579	366	16	.	.	PUNCT
cjfa-37579	367	1	the	the	DET
cjfa-37579	367	2	a	a	DET
cjfa-37579	367	3	priori	priori	ADJ
cjfa-37579	367	4	expectation	expectation	NOUN
cjfa-37579	367	5	of	of	ADP
cjfa-37579	367	6	garch	garch	NOUN
cjfa-37579	367	7	-	-	PUNCT
cjfa-37579	367	8	in	in	ADP
cjfa-37579	367	9	-	-	PUNCT
cjfa-37579	367	10	mean	mean	NOUN
cjfa-37579	367	11	is	be	AUX
cjfa-37579	367	12	0	0	NUM
cjfa-37579	367	13	>	>	PUNCT
cjfa-37579	367	14	𝜔𝜔	𝜔𝜔	PROPN
cjfa-37579	367	15	�	�	PROPN
cjfa-37579	367	16	�	�	PROPN
cjfa-37579	367	17	>	>	X
cjfa-37579	367	18	0	0	PROPN
cjfa-37579	367	19	,	,	PUNCT
cjfa-37579	367	20	indicating	indicate	VERB
cjfa-37579	367	21	that	that	SCONJ
cjfa-37579	367	22	the	the	DET
cjfa-37579	367	23	risk	risk	NOUN
cjfa-37579	367	24	-	-	PUNCT
cjfa-37579	367	25	return	return	NOUN
cjfa-37579	367	26	relationship	relationship	NOUN
cjfa-37579	367	27	can	can	AUX
cjfa-37579	367	28	be	be	AUX
cjfa-37579	367	29	positive	positive	ADJ
cjfa-37579	367	30	or	or	CCONJ
cjfa-37579	367	31	negative	negative	ADJ
cjfa-37579	367	32	.	.	PUNCT
cjfa-37579	368	1	good	good	ADJ
cjfa-37579	368	2	and	and	CCONJ
cjfa-37579	368	3	bad	bad	ADJ
cjfa-37579	368	4	news	news	NOUN
cjfa-37579	368	5	during	during	ADP
cjfa-37579	368	6	covid-19	covid-19	PROPN
cjfa-37579	368	7	threshold	threshold	NOUN
cjfa-37579	368	8	garch	garch	NOUN
cjfa-37579	368	9	(	(	PUNCT
cjfa-37579	368	10	tgarch	tgarch	NOUN
cjfa-37579	368	11	/	/	SYM
cjfa-37579	368	12	tarch	tarch	NOUN
cjfa-37579	368	13	)	)	PUNCT
cjfa-37579	368	14	permits	permit	VERB
cjfa-37579	368	15	asymmetric	asymmetric	ADJ
cjfa-37579	368	16	effect	effect	NOUN
cjfa-37579	368	17	between	between	ADP
cjfa-37579	368	18	positive	positive	ADJ
cjfa-37579	368	19	and	and	CCONJ
cjfa-37579	368	20	negative	negative	ADJ
cjfa-37579	368	21	news	news	NOUN
cjfa-37579	368	22	on	on	ADP
cjfa-37579	368	23	cross	cross	ADJ
cjfa-37579	368	24	-	-	ADJ
cjfa-37579	368	25	section	section	ADJ
cjfa-37579	368	26	stock	stock	NOUN
cjfa-37579	368	27	returns	return	NOUN
cjfa-37579	368	28	with	with	ADP
cjfa-37579	368	29	general	general	ADJ
cjfa-37579	368	30	description	description	NOUN
cjfa-37579	368	31	stated	state	VERB
cjfa-37579	368	32	below:𝐶𝜎𝜎	below:𝐶𝜎𝜎	PROPN
cjfa-37579	368	33	�	�	PROPN
cjfa-37579	368	34	�	�	PROPN
cjfa-37579	368	35	�	�	PROPN
cjfa-37579	368	36	=	=	PUNCT
cjfa-37579	368	37	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	368	38	+	+	CCONJ
cjfa-37579	368	39	∑	∑	PROPN
cjfa-37579	368	40	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	368	41	�	�	PROPN
cjfa-37579	368	42	�	�	PROPN
cjfa-37579	368	43	�	�	PROPN
cjfa-37579	368	44	�	�	PROPN
cjfa-37579	368	45	�	�	PROPN
cjfa-37579	368	46	�	�	PROPN
cjfa-37579	368	47	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	368	48	�	�	PROPN
cjfa-37579	368	49	�	�	PROPN
cjfa-37579	368	50	�	�	PROPN
cjfa-37579	368	51	�	�	PROPN
cjfa-37579	368	52	�	�	PROPN
cjfa-37579	369	1	+	+	CCONJ
cjfa-37579	369	2	∑	∑	PROPN
cjfa-37579	369	3	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	369	4	�	�	PROPN
cjfa-37579	369	5	�	�	PROPN
cjfa-37579	369	6	�	�	PROPN
cjfa-37579	369	7	�	�	PROPN
cjfa-37579	369	8	�	�	PROPN
cjfa-37579	369	9	�	�	PROPN
cjfa-37579	369	10	𝛼𝛼	𝛼𝛼	ADP
cjfa-37579	369	11	�	�	PROPN
cjfa-37579	369	12	�	�	PROPN
cjfa-37579	369	13	�	�	PROPN
cjfa-37579	369	14	�	�	PROPN
cjfa-37579	369	15	�	�	PROPN
cjfa-37579	369	16	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	369	17	�	�	PROPN
cjfa-37579	369	18	�	�	PROPN
cjfa-37579	369	19	�	�	PROPN
cjfa-37579	369	20	�	�	PROPN
cjfa-37579	369	21	+	+	CCONJ
cjfa-37579	369	22	∑	∑	PROPN
cjfa-37579	369	23	𝛽𝛽	𝛽𝛽	ADP
cjfa-37579	369	24	�	�	PROPN
cjfa-37579	369	25	�	�	PROPN
cjfa-37579	369	26	�	�	PROPN
cjfa-37579	369	27	�	�	PROPN
cjfa-37579	369	28	�	�	PROPN
cjfa-37579	369	29	�	�	PROPN
cjfa-37579	369	30	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	369	31	�	�	PROPN
cjfa-37579	369	32	�	�	PROPN
cjfa-37579	369	33	�	�	PROPN
cjfa-37579	369	34	�	�	PROPN
cjfa-37579	369	35	�	�	PROPN
cjfa-37579	369	36	(	(	PUNCT
cjfa-37579	369	37	10	10	NUM
cjfa-37579	369	38	)	)	PUNCT
cjfa-37579	369	39	(	(	PUNCT
cjfa-37579	369	40	10	10	NUM
cjfa-37579	369	41	)	)	PUNCT
cjfa-37579	369	42	where	where	SCONJ
cjfa-37579	369	43	where	where	SCONJ
cjfa-37579	369	44	𝑑𝑑	𝑑𝑑	NOUN
cjfa-37579	369	45	�	�	PROPN
cjfa-37579	369	46	�	�	PROPN
cjfa-37579	369	47	�	�	PROPN
cjfa-37579	369	48	�	�	PROPN
cjfa-37579	369	49	=	=	SYM
cjfa-37579	369	50	�	�	PROPN
cjfa-37579	369	51	1	1	NUM
cjfa-37579	369	52	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADJ
cjfa-37579	369	53	𝑖𝑖	𝑖𝑖	PART
cjfa-37579	369	54	�	�	PROPN
cjfa-37579	369	55	�	�	PROPN
cjfa-37579	369	56	�	�	PROPN
cjfa-37579	369	57	�	�	PROPN
cjfa-37579	369	58	<	<	AUX
cjfa-37579	369	59	0	0	NUM
cjfa-37579	369	60	0	0	NUM
cjfa-37579	369	61	,	,	PUNCT
cjfa-37579	369	62	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-37579	369	63	𝑖𝑖	𝑖𝑖	PART
cjfa-37579	369	64	�	�	PROPN
cjfa-37579	369	65	�	�	PROPN
cjfa-37579	369	66	�	�	PROPN
cjfa-37579	369	67	�	�	PROPN
cjfa-37579	369	68	≥	≥	NUM
cjfa-37579	369	69	0	0	NUM
cjfa-37579	369	70	when	when	SCONJ
cjfa-37579	369	71	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	369	72	�	�	PROPN
cjfa-37579	369	73	�	�	PROPN
cjfa-37579	369	74	�	�	PROPN
cjfa-37579	369	75	�	�	PROPN
cjfa-37579	369	76	indicates	indicate	VERB
cjfa-37579	369	77	positive	positive	ADJ
cjfa-37579	369	78	news	news	NOUN
cjfa-37579	369	79	,	,	PUNCT
cjfa-37579	369	80	the	the	DET
cjfa-37579	369	81	effect	effect	NOUN
cjfa-37579	369	82	would	would	AUX
cjfa-37579	369	83	be	be	AUX
cjfa-37579	369	84	given	give	VERB
cjfa-37579	369	85	as	as	ADP
cjfa-37579	369	86	𝛾𝛾	𝛾𝛾	ADP
cjfa-37579	369	87	�	�	PROPN
cjfa-37579	369	88	�	�	PROPN
cjfa-37579	369	89	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	369	90	�	�	PROPN
cjfa-37579	369	91	�	�	PROPN
cjfa-37579	369	92	�	�	PROPN
cjfa-37579	369	93	�	�	PROPN
cjfa-37579	369	94	�	�	PROPN
cjfa-37579	369	95	,	,	PUNCT
cjfa-37579	369	96	when	when	SCONJ
cjfa-37579	369	97	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	369	98	�	�	PROPN
cjfa-37579	369	99	�	�	PROPN
cjfa-37579	369	100	�	�	PROPN
cjfa-37579	369	101	�	�	PROPN
cjfa-37579	369	102	indicates	indicate	VERB
cjfa-37579	369	103	negative	negative	ADJ
cjfa-37579	369	104	news	news	NOUN
cjfa-37579	369	105	,	,	PUNCT
cjfa-37579	369	106	the	the	DET
cjfa-37579	369	107	effects	effect	NOUN
cjfa-37579	369	108	would	would	AUX
cjfa-37579	369	109	be	be	AUX
cjfa-37579	369	110	given	give	VERB
cjfa-37579	369	111	as	as	ADP
cjfa-37579	369	112	(	(	PUNCT
cjfa-37579	369	113	𝜎𝜎+𝛾𝛾	𝜎𝜎+𝛾𝛾	NOUN
cjfa-37579	369	114	�	�	NOUN
cjfa-37579	369	115	�	�	PROPN
cjfa-37579	369	116	)𝑖𝑖	)𝑖𝑖	PROPN
cjfa-37579	369	117	�	�	PROPN
cjfa-37579	369	118	�	�	PROPN
cjfa-37579	369	119	�	�	PROPN
cjfa-37579	369	120	�	�	PROPN
cjfa-37579	369	121	.	.	PUNCT
cjfa-37579	370	1	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	370	2	�	�	PROPN
cjfa-37579	370	3	�	�	PROPN
cjfa-37579	370	4	is	be	AUX
cjfa-37579	370	5	expected	expect	VERB
cjfa-37579	370	6	to	to	PART
cjfa-37579	370	7	be	be	AUX
cjfa-37579	370	8	positive	positive	ADJ
cjfa-37579	370	9	so	so	SCONJ
cjfa-37579	370	10	that	that	SCONJ
cjfa-37579	370	11	bad	bad	ADJ
cjfa-37579	370	12	news	news	NOUN
cjfa-37579	370	13	would	would	AUX
cjfa-37579	370	14	impact	impact	VERB
cjfa-37579	370	15	volatility	volatility	NOUN
cjfa-37579	370	16	.	.	PUNCT
cjfa-37579	371	1	tgarch	tgarch	PROPN
cjfa-37579	371	2	/	/	SYM
cjfa-37579	371	3	tarch	tarch	NOUN
cjfa-37579	371	4	cross	cross	NOUN
cjfa-37579	371	5	-	-	NOUN
cjfa-37579	371	6	section	section	NOUN
cjfa-37579	371	7	means	mean	VERB
cjfa-37579	371	8	return	return	NOUN
cjfa-37579	371	9	equation	equation	NOUN
cjfa-37579	371	10	and	and	CCONJ
cjfa-37579	371	11	cross	cross	NOUN
cjfa-37579	371	12	-	-	NOUN
cjfa-37579	371	13	section	section	ADJ
cjfa-37579	371	14	return	return	NOUN
cjfa-37579	371	15	variance	variance	NOUN
cjfa-37579	371	16	is	be	AUX
cjfa-37579	371	17	stated	state	VERB
cjfa-37579	371	18	as	as	ADP
cjfa-37579	371	19	:	:	PUNCT
cjfa-37579	371	20	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	371	21	�	�	PROPN
cjfa-37579	371	22	�	�	PROPN
cjfa-37579	371	23	�	�	PROPN
cjfa-37579	371	24	=	=	SYM
cjfa-37579	371	25	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	371	26	𝐶	𝐶	PROPN
cjfa-37579	371	27	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	371	28	�	�	PROPN
cjfa-37579	371	29	�	�	PROPN
cjfa-37579	371	30	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	371	31	�	�	PROPN
cjfa-37579	371	32	�	�	PROPN
cjfa-37579	371	33	�	�	PROPN
cjfa-37579	371	34	�	�	PROPN
cjfa-37579	371	35	�	�	PROPN
cjfa-37579	371	36	𝐶	𝐶	PROPN
cjfa-37579	371	37	𝑖𝑖	𝑖𝑖	PROPN
cjfa-37579	371	38	�	�	PROPN
cjfa-37579	371	39	�	�	PROPN
cjfa-37579	371	40	�	�	PROPN
cjfa-37579	371	41	cross	cross	NOUN
cjfa-37579	371	42	-	-	NOUN
cjfa-37579	371	43	section	section	ADJ
cjfa-37579	371	44	mean	mean	NOUN
cjfa-37579	371	45	return	return	NOUN
cjfa-37579	371	46	equation	equation	NOUN
cjfa-37579	371	47	of	of	ADP
cjfa-37579	371	48	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	371	49	�	�	PROPN
cjfa-37579	371	50	�	�	PROPN
cjfa-37579	371	51	�	�	PROPN
cjfa-37579	371	52	(	(	PUNCT
cjfa-37579	371	53	11	11	NUM
cjfa-37579	371	54	)	)	PUNCT
cjfa-37579	371	55	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	371	56	�	�	PROPN
cjfa-37579	371	57	�	�	PROPN
cjfa-37579	371	58	�	�	PROPN
cjfa-37579	371	59	=	=	PUNCT
cjfa-37579	371	60	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	371	61	+	+	ADJ
cjfa-37579	371	62	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	371	63	�	�	PROPN
cjfa-37579	371	64	�	�	PROPN
cjfa-37579	371	65	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	371	66	�	�	PROPN
cjfa-37579	371	67	�	�	PROPN
cjfa-37579	371	68	�	�	PROPN
cjfa-37579	371	69	�	�	PROPN
cjfa-37579	371	70	�	�	PROPN
cjfa-37579	371	71	+	+	CCONJ
cjfa-37579	371	72	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	371	73	�	�	PROPN
cjfa-37579	371	74	�	�	PROPN
cjfa-37579	371	75	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	371	76	�	�	PROPN
cjfa-37579	371	77	�	�	PROPN
cjfa-37579	371	78	�	�	PROPN
cjfa-37579	371	79	�	�	PROPN
cjfa-37579	371	80	�	�	PROPN
cjfa-37579	371	81	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	371	82	�	�	PROPN
cjfa-37579	371	83	�	�	PROPN
cjfa-37579	371	84	�	�	PROPN
cjfa-37579	371	85	�	�	PROPN
cjfa-37579	371	86	+	+	CCONJ
cjfa-37579	371	87	𝛽𝛽	𝛽𝛽	PROPN
cjfa-37579	371	88	�	�	PROPN
cjfa-37579	371	89	�	�	PROPN
cjfa-37579	371	90	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	371	91	�	�	PROPN
cjfa-37579	371	92	�	�	PROPN
cjfa-37579	371	93	�	�	PROPN
cjfa-37579	371	94	�	�	PROPN
cjfa-37579	371	95	�	�	PROPN
cjfa-37579	371	96	cross	cross	NOUN
cjfa-37579	371	97	-	-	ADJ
cjfa-37579	371	98	section	section	ADJ
cjfa-37579	371	99	return	return	NOUN
cjfa-37579	371	100	variance	variance	NOUN
cjfa-37579	371	101	equation	equation	NOUN
cjfa-37579	371	102	(	(	PUNCT
cjfa-37579	371	103	12	12	NUM
cjfa-37579	371	104	)	)	PUNCT
cjfa-37579	371	105	where	where	SCONJ
cjfa-37579	371	106	𝑑𝑑	𝑑𝑑	VERB
cjfa-37579	371	107	�	�	PROPN
cjfa-37579	371	108	�	�	PROPN
cjfa-37579	371	109	�	�	PROPN
cjfa-37579	371	110	�	�	PROPN
cjfa-37579	371	111	=	=	SYM
cjfa-37579	371	112	1	1	NUM
cjfa-37579	371	113	if	if	SCONJ
cjfa-37579	371	114	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	371	115	�	�	PROPN
cjfa-37579	371	116	�	�	PROPN
cjfa-37579	371	117	�	�	PROPN
cjfa-37579	371	118	�	�	PROPN
cjfa-37579	371	119	�	�	PROPN
cjfa-37579	371	120	<	<	X
cjfa-37579	371	121	0	0	NUM
cjfa-37579	371	122	and	and	CCONJ
cjfa-37579	371	123	𝑑𝑑	𝑑𝑑	NOUN
cjfa-37579	371	124	�	�	PROPN
cjfa-37579	371	125	�	�	PROPN
cjfa-37579	371	126	�	�	PROPN
cjfa-37579	371	127	�	�	PROPN
cjfa-37579	371	128	=	=	SYM
cjfa-37579	371	129	0	0	PUNCT
cjfa-37579	371	130	if	if	SCONJ
cjfa-37579	371	131	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	371	132	�	�	PROPN
cjfa-37579	371	133	�	�	PROPN
cjfa-37579	371	134	�	�	PROPN
cjfa-37579	371	135	�	�	PROPN
cjfa-37579	371	136	�	�	PROPN
cjfa-37579	371	137	>	>	X
cjfa-37579	371	138	0	0	PROPN
cjfa-37579	371	139	.	.	PUNCT
cjfa-37579	372	1	the	the	DET
cjfa-37579	372	2	a	a	DET
cjfa-37579	372	3	priori	priori	ADJ
cjfa-37579	372	4	expectation	expectation	NOUN
cjfa-37579	372	5	of	of	ADP
cjfa-37579	372	6	tgarch	tgarch	NOUN
cjfa-37579	372	7	specifies	specifie	NOUN
cjfa-37579	372	8	𝛾𝛾	𝛾𝛾	ADP
cjfa-37579	372	9	�	�	PROPN
cjfa-37579	372	10	�	�	PROPN
cjfa-37579	372	11	<	<	X
cjfa-37579	372	12	0	0	NUM
cjfa-37579	372	13	as	as	ADP
cjfa-37579	372	14	a	a	DET
cjfa-37579	372	15	measure	measure	NOUN
cjfa-37579	372	16	of	of	ADP
cjfa-37579	372	17	the	the	DET
cjfa-37579	372	18	impact	impact	NOUN
cjfa-37579	372	19	of	of	ADP
cjfa-37579	372	20	negative	negative	ADJ
cjfa-37579	372	21	news	news	NOUN
cjfa-37579	372	22	on	on	ADP
cjfa-37579	372	23	return	return	NOUN
cjfa-37579	372	24	volatility	volatility	NOUN
cjfa-37579	372	25	persistence	persistence	NOUN
cjfa-37579	372	26	.	.	PUNCT
cjfa-37579	373	1	three	three	NUM
cjfa-37579	373	2	(	(	PUNCT
cjfa-37579	373	3	3	3	X
cjfa-37579	373	4	)	)	PUNCT
cjfa-37579	373	5	conditional	conditional	ADJ
cjfa-37579	373	6	error	error	NOUN
cjfa-37579	373	7	distributions	distribution	NOUN
cjfa-37579	373	8	that	that	PRON
cjfa-37579	373	9	are	be	AUX
cjfa-37579	373	10	:	:	PUNCT
cjfa-37579	373	11	gaussian	gaussian	ADJ
cjfa-37579	373	12	distribution	distribution	NOUN
cjfa-37579	373	13	,	,	PUNCT
cjfa-37579	373	14	student’s	student’s	NOUN
cjfa-37579	373	15	-	-	PUNCT
cjfa-37579	373	16	t	t	NOUN
cjfa-37579	373	17	distribution	distribution	NOUN
cjfa-37579	373	18	and	and	CCONJ
cjfa-37579	373	19	the	the	DET
cjfa-37579	373	20	generalised	generalise	VERB
cjfa-37579	373	21	error	error	NOUN
cjfa-37579	373	22	distribution	distribution	NOUN
cjfa-37579	373	23	(	(	PUNCT
cjfa-37579	373	24	ged	ge	VERB
cjfa-37579	373	25	)	)	PUNCT
cjfa-37579	373	26	were	be	AUX
cjfa-37579	373	27	used	use	VERB
cjfa-37579	373	28	to	to	PART
cjfa-37579	373	29	estimate	estimate	VERB
cjfa-37579	373	30	the	the	DET
cjfa-37579	373	31	parameters	parameter	NOUN
cjfa-37579	373	32	of	of	ADP
cjfa-37579	373	33	the	the	DET
cjfa-37579	373	34	consistent	consistent	ADJ
cjfa-37579	373	35	residuals	residual	NOUN
cjfa-37579	373	36	of	of	ADP
cjfa-37579	373	37	the	the	DET
cjfa-37579	373	38	models	model	NOUN
cjfa-37579	373	39	.	.	PUNCT
cjfa-37579	374	1	estimation	estimation	NOUN
cjfa-37579	374	2	procedure	procedure	NOUN
cjfa-37579	374	3	the	the	DET
cjfa-37579	374	4	estimation	estimation	NOUN
cjfa-37579	374	5	procedure	procedure	NOUN
cjfa-37579	374	6	involves	involve	VERB
cjfa-37579	374	7	the	the	DET
cjfa-37579	374	8	estimation	estimation	NOUN
cjfa-37579	374	9	of	of	ADP
cjfa-37579	374	10	the	the	DET
cjfa-37579	374	11	descriptive	descriptive	ADJ
cjfa-37579	374	12	statistics	statistic	NOUN
cjfa-37579	374	13	of	of	ADP
cjfa-37579	374	14	each	each	DET
cjfa-37579	374	15	sectoral	sectoral	ADJ
cjfa-37579	374	16	return	return	NOUN
cjfa-37579	374	17	series	series	NOUN
cjfa-37579	374	18	,	,	PUNCT
cjfa-37579	374	19	the	the	DET
cjfa-37579	374	20	univariate	univariate	ADJ
cjfa-37579	374	21	and	and	CCONJ
cjfa-37579	374	22	panel	panel	NOUN
cjfa-37579	374	23	data	datum	NOUN
cjfa-37579	374	24	unit	unit	NOUN
cjfa-37579	374	25	-	-	PUNCT
cjfa-37579	374	26	root	root	NOUN
cjfa-37579	374	27	pre	pre	ADJ
cjfa-37579	374	28	-	-	ADJ
cjfa-37579	374	29	testing	testing	NOUN
cjfa-37579	374	30	of	of	ADP
cjfa-37579	374	31	the	the	DET
cjfa-37579	374	32	series	series	NOUN
cjfa-37579	374	33	to	to	PART
cjfa-37579	374	34	establish	establish	VERB
cjfa-37579	374	35	the	the	DET
cjfa-37579	374	36	absence	absence	NOUN
cjfa-37579	374	37	of	of	ADP
cjfa-37579	374	38	unit	unit	NOUN
cjfa-37579	374	39	root	root	NOUN
cjfa-37579	374	40	were	be	AUX
cjfa-37579	374	41	conducted	conduct	VERB
cjfa-37579	374	42	.	.	PUNCT
cjfa-37579	375	1	the	the	DET
cjfa-37579	375	2	effect	effect	NOUN
cjfa-37579	375	3	of	of	ADP
cjfa-37579	375	4	sectoral	sectoral	ADJ
cjfa-37579	375	5	-	-	PUNCT
cjfa-37579	375	6	specific	specific	NOUN
cjfa-37579	375	7	was	be	AUX
cjfa-37579	375	8	tested	test	VERB
cjfa-37579	375	9	with	with	ADP
cjfa-37579	375	10	the	the	DET
cjfa-37579	375	11	use	use	NOUN
cjfa-37579	375	12	of	of	ADP
cjfa-37579	375	13	least	least	ADJ
cjfa-37579	375	14	squares	square	NOUN
cjfa-37579	375	15	dummy	dummy	ADJ
cjfa-37579	375	16	variable	variable	ADJ
cjfa-37579	375	17	estimator	estimator	NOUN
cjfa-37579	375	18	for	for	ADP
cjfa-37579	375	19	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	375	20	and	and	CCONJ
cjfa-37579	375	21	autocorrelation	autocorrelation	NOUN
cjfa-37579	375	22	and	and	CCONJ
cjfa-37579	375	23	the	the	DET
cjfa-37579	375	24	wald	wald	PROPN
cjfa-37579	375	25	test	test	NOUN
cjfa-37579	375	26	statistic	statistic	NOUN
cjfa-37579	375	27	was	be	AUX
cjfa-37579	375	28	employed	employ	VERB
cjfa-37579	375	29	to	to	PART
cjfa-37579	375	30	test	test	VERB
cjfa-37579	375	31	the	the	DET
cjfa-37579	375	32	null	null	ADJ
cjfa-37579	375	33	hypothesis	hypothesis	NOUN
cjfa-37579	375	34	of	of	ADP
cjfa-37579	375	35	the	the	DET
cjfa-37579	375	36	data	data	NOUN
cjfa-37579	375	37	pool	pool	NOUN
cjfa-37579	375	38	ability	ability	NOUN
cjfa-37579	375	39	these	these	PRON
cjfa-37579	375	40	are	be	AUX
cjfa-37579	375	41	done	do	VERB
cjfa-37579	375	42	to	to	PART
cjfa-37579	375	43	satisfy	satisfy	VERB
cjfa-37579	375	44	the	the	DET
cjfa-37579	375	45	requirements	requirement	NOUN
cjfa-37579	375	46	for	for	ADP
cjfa-37579	375	47	the	the	DET
cjfa-37579	375	48	use	use	NOUN
cjfa-37579	375	49	of	of	ADP
cjfa-37579	375	50	the	the	DET
cjfa-37579	375	51	garch	garch	NOUN
cjfa-37579	375	52	model	model	NOUN
cjfa-37579	375	53	in	in	ADP
cjfa-37579	375	54	a	a	DET
cjfa-37579	375	55	panel	panel	NOUN
cjfa-37579	375	56	data	datum	NOUN
cjfa-37579	375	57	environment	environment	NOUN
cjfa-37579	375	58	according	accord	VERB
cjfa-37579	375	59	to	to	ADP
cjfa-37579	375	60	cermeño	cermeño	NOUN
cjfa-37579	375	61	and	and	CCONJ
cjfa-37579	375	62	grier	grier	PROPN
cjfa-37579	375	63	(	(	PUNCT
cjfa-37579	375	64	2001	2001	NUM
cjfa-37579	375	65	)	)	PUNCT
cjfa-37579	375	66	.	.	PUNCT
cjfa-37579	376	1	results	result	NOUN
cjfa-37579	376	2	and	and	CCONJ
cjfa-37579	376	3	discussion	discussion	NOUN
cjfa-37579	376	4	in	in	ADP
cjfa-37579	376	5	this	this	DET
cjfa-37579	376	6	section	section	NOUN
cjfa-37579	376	7	,	,	PUNCT
cjfa-37579	376	8	the	the	DET
cjfa-37579	376	9	analysis	analysis	NOUN
cjfa-37579	376	10	is	be	AUX
cjfa-37579	376	11	carried	carry	VERB
cjfa-37579	376	12	out	out	ADP
cjfa-37579	376	13	and	and	CCONJ
cjfa-37579	376	14	results	result	NOUN
cjfa-37579	376	15	are	be	AUX
cjfa-37579	376	16	presented	present	VERB
cjfa-37579	376	17	and	and	CCONJ
cjfa-37579	376	18	interpreted	interpret	VERB
cjfa-37579	376	19	.	.	PUNCT
cjfa-37579	377	1	table	table	NOUN
cjfa-37579	377	2	2	2	NUM
cjfa-37579	377	3	.	.	PUNCT
cjfa-37579	377	4	descriptive	descriptive	ADJ
cjfa-37579	377	5	statistics	statistic	NOUN
cjfa-37579	377	6	of	of	ADP
cjfa-37579	377	7	selected	select	VERB
cjfa-37579	377	8	sectoral	sectoral	ADJ
cjfa-37579	377	9	share	share	NOUN
cjfa-37579	377	10	index	index	NOUN
cjfa-37579	377	11	return	return	NOUN
cjfa-37579	377	12	on	on	ADP
cjfa-37579	377	13	the	the	DET
cjfa-37579	377	14	nigerian	nigerian	ADJ
cjfa-37579	377	15	stock	stock	NOUN
cjfa-37579	377	16	exchange	exchange	PROPN
cjfa-37579	377	17	stat	stat	PROPN
cjfa-37579	377	18	variable	variable	ADJ
cjfa-37579	377	19	mean	mean	PROPN
cjfa-37579	377	20	median	median	ADJ
cjfa-37579	377	21	maximum	maximum	ADJ
cjfa-37579	377	22	minimum	minimum	ADJ
cjfa-37579	377	23	std	std	NOUN
cjfa-37579	377	24	.	.	PUNCT
cjfa-37579	378	1	dev	dev	PROPN
cjfa-37579	378	2	.	.	PROPN
cjfa-37579	378	3	skewness	skewness	PROPN
cjfa-37579	378	4	kurtosis	kurtosis	VERB
cjfa-37579	378	5	j.bera	j.bera	NOUN
cjfa-37579	378	6	prob	prob	PROPN
cjfa-37579	378	7	nse30	nse30	VERB
cjfa-37579	378	8	0.001417	0.001417	NUM
cjfa-37579	378	9	0.000421	0.000421	NUM
cjfa-37579	378	10	0.060937	0.060937	NUM
cjfa-37579	378	11	-0.055389	-0.055389	NOUN
cjfa-37579	379	1	0.013190	0.013190	NUM
cjfa-37579	379	2	0.407018	0.407018	NUM
cjfa-37579	379	3	7.958619	7.958619	NUM
cjfa-37579	379	4	261.9745	261.9745	NUM
cjfa-37579	379	5	0.0000	0.0000	NUM
cjfa-37579	379	6	when	when	SCONJ
cjfa-37579	379	7	εit	εit	VERB
cjfa-37579	379	8	–	–	PUNCT
cjfa-37579	379	9	i	i	PRON
cjfa-37579	379	10	indicates	indicate	VERB
cjfa-37579	379	11	positive	positive	ADJ
cjfa-37579	379	12	news	news	NOUN
cjfa-37579	379	13	,	,	PUNCT
cjfa-37579	379	14	the	the	DET
cjfa-37579	379	15	effect	effect	NOUN
cjfa-37579	379	16	would	would	AUX
cjfa-37579	379	17	be	be	AUX
cjfa-37579	379	18	given	give	VERB
cjfa-37579	379	19	as	as	ADP
cjfa-37579	379	20	where	where	SCONJ
cjfa-37579	379	21	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	379	22	�	�	PROPN
cjfa-37579	379	23	�	�	PROPN
cjfa-37579	379	24	�	�	PROPN
cjfa-37579	379	25	�	�	PROPN
cjfa-37579	379	26	=	=	SYM
cjfa-37579	379	27	�	�	PROPN
cjfa-37579	379	28	1	1	NUM
cjfa-37579	379	29	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADJ
cjfa-37579	379	30	𝑖𝑖	𝑖𝑖	PART
cjfa-37579	379	31	�	�	PROPN
cjfa-37579	379	32	�	�	PROPN
cjfa-37579	379	33	�	�	PROPN
cjfa-37579	379	34	�	�	PROPN
cjfa-37579	379	35	<	<	X
cjfa-37579	379	36	0	0	NUM
cjfa-37579	379	37	0	0	NUM
cjfa-37579	379	38	,	,	PUNCT
cjfa-37579	379	39	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-37579	379	40	𝑖𝑖	𝑖𝑖	PART
cjfa-37579	379	41	�	�	PROPN
cjfa-37579	379	42	�	�	PROPN
cjfa-37579	379	43	�	�	PROPN
cjfa-37579	379	44	�	�	PROPN
cjfa-37579	379	45	≥	≥	NUM
cjfa-37579	379	46	0	0	NUM
cjfa-37579	379	47	when	when	SCONJ
cjfa-37579	379	48	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	379	49	�	�	PROPN
cjfa-37579	379	50	�	�	PROPN
cjfa-37579	379	51	�	�	PROPN
cjfa-37579	379	52	�	�	PROPN
cjfa-37579	379	53	indicates	indicate	VERB
cjfa-37579	379	54	positive	positive	ADJ
cjfa-37579	379	55	news	news	NOUN
cjfa-37579	379	56	,	,	PUNCT
cjfa-37579	379	57	the	the	DET
cjfa-37579	379	58	effect	effect	NOUN
cjfa-37579	379	59	would	would	AUX
cjfa-37579	379	60	be	be	AUX
cjfa-37579	379	61	given	give	VERB
cjfa-37579	379	62	as	as	ADP
cjfa-37579	379	63	𝛾𝛾	𝛾𝛾	ADP
cjfa-37579	379	64	�	�	PROPN
cjfa-37579	379	65	�	�	PROPN
cjfa-37579	379	66	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	379	67	�	�	PROPN
cjfa-37579	379	68	�	�	PROPN
cjfa-37579	379	69	�	�	PROPN
cjfa-37579	379	70	�	�	PROPN
cjfa-37579	379	71	�	�	PROPN
cjfa-37579	379	72	,	,	PUNCT
cjfa-37579	379	73	when	when	SCONJ
cjfa-37579	379	74	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	379	75	�	�	PROPN
cjfa-37579	379	76	�	�	PROPN
cjfa-37579	379	77	�	�	PROPN
cjfa-37579	379	78	�	�	PROPN
cjfa-37579	379	79	indicates	indicate	VERB
cjfa-37579	379	80	negative	negative	ADJ
cjfa-37579	379	81	news	news	NOUN
cjfa-37579	379	82	,	,	PUNCT
cjfa-37579	379	83	the	the	DET
cjfa-37579	379	84	effects	effect	NOUN
cjfa-37579	379	85	would	would	AUX
cjfa-37579	379	86	be	be	AUX
cjfa-37579	379	87	given	give	VERB
cjfa-37579	379	88	as	as	ADP
cjfa-37579	379	89	(	(	PUNCT
cjfa-37579	379	90	𝜎𝜎+𝛾𝛾	𝜎𝜎+𝛾𝛾	NOUN
cjfa-37579	379	91	�	�	NOUN
cjfa-37579	379	92	�	�	PROPN
cjfa-37579	379	93	)𝑖𝑖	)𝑖𝑖	PROPN
cjfa-37579	379	94	�	�	PROPN
cjfa-37579	379	95	�	�	PROPN
cjfa-37579	379	96	�	�	PROPN
cjfa-37579	379	97	�	�	PROPN
cjfa-37579	379	98	.	.	PUNCT
cjfa-37579	380	1	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	380	2	�	�	PROPN
cjfa-37579	380	3	�	�	PROPN
cjfa-37579	380	4	is	be	AUX
cjfa-37579	380	5	expected	expect	VERB
cjfa-37579	380	6	to	to	PART
cjfa-37579	380	7	be	be	AUX
cjfa-37579	380	8	positive	positive	ADJ
cjfa-37579	380	9	so	so	SCONJ
cjfa-37579	380	10	that	that	SCONJ
cjfa-37579	380	11	bad	bad	ADJ
cjfa-37579	380	12	news	news	NOUN
cjfa-37579	380	13	would	would	AUX
cjfa-37579	380	14	impact	impact	VERB
cjfa-37579	380	15	volatility	volatility	NOUN
cjfa-37579	380	16	.	.	PUNCT
cjfa-37579	381	1	tgarch	tgarch	PROPN
cjfa-37579	381	2	/	/	SYM
cjfa-37579	381	3	tarch	tarch	NOUN
cjfa-37579	381	4	cross	cross	NOUN
cjfa-37579	381	5	-	-	NOUN
cjfa-37579	381	6	section	section	NOUN
cjfa-37579	381	7	means	mean	VERB
cjfa-37579	381	8	return	return	NOUN
cjfa-37579	381	9	equation	equation	NOUN
cjfa-37579	381	10	and	and	CCONJ
cjfa-37579	381	11	cross	cross	NOUN
cjfa-37579	381	12	-	-	NOUN
cjfa-37579	381	13	section	section	ADJ
cjfa-37579	381	14	return	return	NOUN
cjfa-37579	381	15	variance	variance	NOUN
cjfa-37579	381	16	is	be	AUX
cjfa-37579	381	17	stated	state	VERB
cjfa-37579	381	18	as	as	ADP
cjfa-37579	381	19	:	:	PUNCT
cjfa-37579	381	20	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	381	21	�	�	PROPN
cjfa-37579	381	22	�	�	PROPN
cjfa-37579	381	23	�	�	PROPN
cjfa-37579	381	24	=	=	SYM
cjfa-37579	381	25	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	381	26	𝐶	𝐶	PROPN
cjfa-37579	381	27	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	381	28	�	�	PROPN
cjfa-37579	381	29	�	�	PROPN
cjfa-37579	381	30	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	381	31	�	�	PROPN
cjfa-37579	381	32	�	�	PROPN
cjfa-37579	381	33	�	�	PROPN
cjfa-37579	381	34	�	�	PROPN
cjfa-37579	381	35	�	�	PROPN
cjfa-37579	381	36	𝐶	𝐶	PROPN
cjfa-37579	381	37	𝑖𝑖	𝑖𝑖	PROPN
cjfa-37579	381	38	�	�	PROPN
cjfa-37579	381	39	�	�	PROPN
cjfa-37579	381	40	�	�	PROPN
cjfa-37579	381	41	cross	cross	NOUN
cjfa-37579	381	42	-	-	NOUN
cjfa-37579	381	43	section	section	ADJ
cjfa-37579	381	44	mean	mean	NOUN
cjfa-37579	381	45	return	return	NOUN
cjfa-37579	381	46	equation	equation	NOUN
cjfa-37579	381	47	of	of	ADP
cjfa-37579	381	48	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	381	49	�	�	PROPN
cjfa-37579	381	50	�	�	PROPN
cjfa-37579	381	51	�	�	PROPN
cjfa-37579	381	52	(	(	PUNCT
cjfa-37579	381	53	11	11	NUM
cjfa-37579	381	54	)	)	PUNCT
cjfa-37579	381	55	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	381	56	�	�	PROPN
cjfa-37579	381	57	�	�	PROPN
cjfa-37579	381	58	�	�	PROPN
cjfa-37579	381	59	=	=	PUNCT
cjfa-37579	381	60	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	381	61	+	+	ADJ
cjfa-37579	381	62	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	381	63	�	�	PROPN
cjfa-37579	381	64	�	�	PROPN
cjfa-37579	381	65	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	381	66	�	�	PROPN
cjfa-37579	381	67	�	�	PROPN
cjfa-37579	381	68	�	�	PROPN
cjfa-37579	381	69	�	�	PROPN
cjfa-37579	381	70	�	�	PROPN
cjfa-37579	381	71	+	+	CCONJ
cjfa-37579	381	72	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	381	73	�	�	PROPN
cjfa-37579	381	74	�	�	PROPN
cjfa-37579	381	75	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	381	76	�	�	PROPN
cjfa-37579	381	77	�	�	PROPN
cjfa-37579	381	78	�	�	PROPN
cjfa-37579	381	79	�	�	PROPN
cjfa-37579	381	80	�	�	PROPN
cjfa-37579	381	81	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	381	82	�	�	PROPN
cjfa-37579	381	83	�	�	PROPN
cjfa-37579	381	84	�	�	PROPN
cjfa-37579	381	85	�	�	PROPN
cjfa-37579	381	86	+	+	CCONJ
cjfa-37579	381	87	𝛽𝛽	𝛽𝛽	PROPN
cjfa-37579	381	88	�	�	PROPN
cjfa-37579	381	89	�	�	PROPN
cjfa-37579	381	90	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	381	91	�	�	PROPN
cjfa-37579	381	92	�	�	PROPN
cjfa-37579	381	93	�	�	PROPN
cjfa-37579	381	94	�	�	PROPN
cjfa-37579	381	95	�	�	PROPN
cjfa-37579	381	96	cross	cross	NOUN
cjfa-37579	381	97	-	-	ADJ
cjfa-37579	381	98	section	section	ADJ
cjfa-37579	381	99	return	return	NOUN
cjfa-37579	381	100	variance	variance	NOUN
cjfa-37579	381	101	equation	equation	NOUN
cjfa-37579	381	102	(	(	PUNCT
cjfa-37579	381	103	12	12	NUM
cjfa-37579	381	104	)	)	PUNCT
cjfa-37579	381	105	where	where	SCONJ
cjfa-37579	381	106	𝑑𝑑	𝑑𝑑	VERB
cjfa-37579	381	107	�	�	PROPN
cjfa-37579	381	108	�	�	PROPN
cjfa-37579	381	109	�	�	PROPN
cjfa-37579	381	110	�	�	PROPN
cjfa-37579	381	111	=	=	SYM
cjfa-37579	381	112	1	1	NUM
cjfa-37579	381	113	if	if	SCONJ
cjfa-37579	381	114	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	381	115	�	�	PROPN
cjfa-37579	381	116	�	�	PROPN
cjfa-37579	381	117	�	�	PROPN
cjfa-37579	381	118	�	�	PROPN
cjfa-37579	381	119	�	�	PROPN
cjfa-37579	381	120	<	<	X
cjfa-37579	381	121	0	0	NUM
cjfa-37579	381	122	and	and	CCONJ
cjfa-37579	381	123	𝑑𝑑	𝑑𝑑	NOUN
cjfa-37579	381	124	�	�	PROPN
cjfa-37579	381	125	�	�	PROPN
cjfa-37579	381	126	�	�	PROPN
cjfa-37579	381	127	�	�	PROPN
cjfa-37579	381	128	=	=	SYM
cjfa-37579	381	129	0	0	PUNCT
cjfa-37579	381	130	if	if	SCONJ
cjfa-37579	381	131	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	381	132	�	�	PROPN
cjfa-37579	381	133	�	�	PROPN
cjfa-37579	381	134	�	�	PROPN
cjfa-37579	381	135	�	�	PROPN
cjfa-37579	381	136	�	�	PROPN
cjfa-37579	381	137	>	>	X
cjfa-37579	381	138	0	0	PROPN
cjfa-37579	381	139	.	.	PUNCT
cjfa-37579	382	1	the	the	DET
cjfa-37579	382	2	a	a	DET
cjfa-37579	382	3	priori	priori	ADJ
cjfa-37579	382	4	expectation	expectation	NOUN
cjfa-37579	382	5	of	of	ADP
cjfa-37579	382	6	tgarch	tgarch	NOUN
cjfa-37579	382	7	specifies	specifie	NOUN
cjfa-37579	382	8	𝛾𝛾	𝛾𝛾	ADP
cjfa-37579	382	9	�	�	PROPN
cjfa-37579	382	10	�	�	PROPN
cjfa-37579	382	11	<	<	X
cjfa-37579	382	12	0	0	NUM
cjfa-37579	382	13	as	as	ADP
cjfa-37579	382	14	a	a	DET
cjfa-37579	382	15	measure	measure	NOUN
cjfa-37579	382	16	of	of	ADP
cjfa-37579	382	17	the	the	DET
cjfa-37579	382	18	impact	impact	NOUN
cjfa-37579	382	19	of	of	ADP
cjfa-37579	382	20	negative	negative	ADJ
cjfa-37579	382	21	news	news	NOUN
cjfa-37579	382	22	on	on	ADP
cjfa-37579	382	23	return	return	NOUN
cjfa-37579	382	24	volatility	volatility	NOUN
cjfa-37579	382	25	persistence	persistence	NOUN
cjfa-37579	382	26	.	.	PUNCT
cjfa-37579	383	1	three	three	NUM
cjfa-37579	383	2	(	(	PUNCT
cjfa-37579	383	3	3	3	X
cjfa-37579	383	4	)	)	PUNCT
cjfa-37579	383	5	conditional	conditional	ADJ
cjfa-37579	383	6	error	error	NOUN
cjfa-37579	383	7	distributions	distribution	NOUN
cjfa-37579	383	8	that	that	PRON
cjfa-37579	383	9	are	be	AUX
cjfa-37579	383	10	:	:	PUNCT
cjfa-37579	383	11	gaussian	gaussian	ADJ
cjfa-37579	383	12	distribution	distribution	NOUN
cjfa-37579	383	13	,	,	PUNCT
cjfa-37579	383	14	student’s	student’s	NOUN
cjfa-37579	383	15	-	-	PUNCT
cjfa-37579	383	16	t	t	NOUN
cjfa-37579	383	17	distribution	distribution	NOUN
cjfa-37579	383	18	and	and	CCONJ
cjfa-37579	383	19	the	the	DET
cjfa-37579	383	20	generalised	generalise	VERB
cjfa-37579	383	21	error	error	NOUN
cjfa-37579	383	22	distribution	distribution	NOUN
cjfa-37579	383	23	(	(	PUNCT
cjfa-37579	383	24	ged	ge	VERB
cjfa-37579	383	25	)	)	PUNCT
cjfa-37579	383	26	were	be	AUX
cjfa-37579	383	27	used	use	VERB
cjfa-37579	383	28	to	to	PART
cjfa-37579	383	29	estimate	estimate	VERB
cjfa-37579	383	30	the	the	DET
cjfa-37579	383	31	parameters	parameter	NOUN
cjfa-37579	383	32	of	of	ADP
cjfa-37579	383	33	the	the	DET
cjfa-37579	383	34	consistent	consistent	ADJ
cjfa-37579	383	35	residuals	residual	NOUN
cjfa-37579	383	36	of	of	ADP
cjfa-37579	383	37	the	the	DET
cjfa-37579	383	38	models	model	NOUN
cjfa-37579	383	39	.	.	PUNCT
cjfa-37579	384	1	estimation	estimation	NOUN
cjfa-37579	384	2	procedure	procedure	NOUN
cjfa-37579	384	3	the	the	DET
cjfa-37579	384	4	estimation	estimation	NOUN
cjfa-37579	384	5	procedure	procedure	NOUN
cjfa-37579	384	6	involves	involve	VERB
cjfa-37579	384	7	the	the	DET
cjfa-37579	384	8	estimation	estimation	NOUN
cjfa-37579	384	9	of	of	ADP
cjfa-37579	384	10	the	the	DET
cjfa-37579	384	11	descriptive	descriptive	ADJ
cjfa-37579	384	12	statistics	statistic	NOUN
cjfa-37579	384	13	of	of	ADP
cjfa-37579	384	14	each	each	DET
cjfa-37579	384	15	sectoral	sectoral	ADJ
cjfa-37579	384	16	return	return	NOUN
cjfa-37579	384	17	series	series	NOUN
cjfa-37579	384	18	,	,	PUNCT
cjfa-37579	384	19	the	the	DET
cjfa-37579	384	20	univariate	univariate	ADJ
cjfa-37579	384	21	and	and	CCONJ
cjfa-37579	384	22	panel	panel	NOUN
cjfa-37579	384	23	data	datum	NOUN
cjfa-37579	384	24	unit	unit	NOUN
cjfa-37579	384	25	-	-	PUNCT
cjfa-37579	384	26	root	root	NOUN
cjfa-37579	384	27	pre	pre	ADJ
cjfa-37579	384	28	-	-	ADJ
cjfa-37579	384	29	testing	testing	NOUN
cjfa-37579	384	30	of	of	ADP
cjfa-37579	384	31	the	the	DET
cjfa-37579	384	32	series	series	NOUN
cjfa-37579	384	33	to	to	PART
cjfa-37579	384	34	establish	establish	VERB
cjfa-37579	384	35	the	the	DET
cjfa-37579	384	36	absence	absence	NOUN
cjfa-37579	384	37	of	of	ADP
cjfa-37579	384	38	unit	unit	NOUN
cjfa-37579	384	39	root	root	NOUN
cjfa-37579	384	40	were	be	AUX
cjfa-37579	384	41	conducted	conduct	VERB
cjfa-37579	384	42	.	.	PUNCT
cjfa-37579	385	1	the	the	DET
cjfa-37579	385	2	effect	effect	NOUN
cjfa-37579	385	3	of	of	ADP
cjfa-37579	385	4	sectoral	sectoral	ADJ
cjfa-37579	385	5	-	-	PUNCT
cjfa-37579	385	6	specific	specific	NOUN
cjfa-37579	385	7	was	be	AUX
cjfa-37579	385	8	tested	test	VERB
cjfa-37579	385	9	with	with	ADP
cjfa-37579	385	10	the	the	DET
cjfa-37579	385	11	use	use	NOUN
cjfa-37579	385	12	of	of	ADP
cjfa-37579	385	13	least	least	ADJ
cjfa-37579	385	14	squares	square	NOUN
cjfa-37579	385	15	dummy	dummy	ADJ
cjfa-37579	385	16	variable	variable	ADJ
cjfa-37579	385	17	estimator	estimator	NOUN
cjfa-37579	385	18	for	for	ADP
cjfa-37579	385	19	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	385	20	and	and	CCONJ
cjfa-37579	385	21	autocorrelation	autocorrelation	NOUN
cjfa-37579	385	22	and	and	CCONJ
cjfa-37579	385	23	the	the	DET
cjfa-37579	385	24	wald	wald	PROPN
cjfa-37579	385	25	test	test	NOUN
cjfa-37579	385	26	statistic	statistic	NOUN
cjfa-37579	385	27	was	be	AUX
cjfa-37579	385	28	employed	employ	VERB
cjfa-37579	385	29	to	to	PART
cjfa-37579	385	30	test	test	VERB
cjfa-37579	385	31	the	the	DET
cjfa-37579	385	32	null	null	ADJ
cjfa-37579	385	33	hypothesis	hypothesis	NOUN
cjfa-37579	385	34	of	of	ADP
cjfa-37579	385	35	the	the	DET
cjfa-37579	385	36	data	data	NOUN
cjfa-37579	385	37	pool	pool	NOUN
cjfa-37579	385	38	ability	ability	NOUN
cjfa-37579	385	39	these	these	PRON
cjfa-37579	385	40	are	be	AUX
cjfa-37579	385	41	done	do	VERB
cjfa-37579	385	42	to	to	PART
cjfa-37579	385	43	satisfy	satisfy	VERB
cjfa-37579	385	44	the	the	DET
cjfa-37579	385	45	requirements	requirement	NOUN
cjfa-37579	385	46	for	for	ADP
cjfa-37579	385	47	the	the	DET
cjfa-37579	385	48	use	use	NOUN
cjfa-37579	385	49	of	of	ADP
cjfa-37579	385	50	the	the	DET
cjfa-37579	385	51	garch	garch	NOUN
cjfa-37579	385	52	model	model	NOUN
cjfa-37579	385	53	in	in	ADP
cjfa-37579	385	54	a	a	DET
cjfa-37579	385	55	panel	panel	NOUN
cjfa-37579	385	56	data	datum	NOUN
cjfa-37579	385	57	environment	environment	NOUN
cjfa-37579	385	58	according	accord	VERB
cjfa-37579	385	59	to	to	ADP
cjfa-37579	385	60	cermeño	cermeño	NOUN
cjfa-37579	385	61	and	and	CCONJ
cjfa-37579	385	62	grier	grier	PROPN
cjfa-37579	385	63	(	(	PUNCT
cjfa-37579	385	64	2001	2001	NUM
cjfa-37579	385	65	)	)	PUNCT
cjfa-37579	385	66	.	.	PUNCT
cjfa-37579	386	1	results	result	NOUN
cjfa-37579	386	2	and	and	CCONJ
cjfa-37579	386	3	discussion	discussion	NOUN
cjfa-37579	386	4	in	in	ADP
cjfa-37579	386	5	this	this	DET
cjfa-37579	386	6	section	section	NOUN
cjfa-37579	386	7	,	,	PUNCT
cjfa-37579	386	8	the	the	DET
cjfa-37579	386	9	analysis	analysis	NOUN
cjfa-37579	386	10	is	be	AUX
cjfa-37579	386	11	carried	carry	VERB
cjfa-37579	386	12	out	out	ADP
cjfa-37579	386	13	and	and	CCONJ
cjfa-37579	386	14	results	result	NOUN
cjfa-37579	386	15	are	be	AUX
cjfa-37579	386	16	presented	present	VERB
cjfa-37579	386	17	and	and	CCONJ
cjfa-37579	386	18	interpreted	interpret	VERB
cjfa-37579	386	19	.	.	PUNCT
cjfa-37579	387	1	table	table	NOUN
cjfa-37579	387	2	2	2	NUM
cjfa-37579	387	3	.	.	PUNCT
cjfa-37579	387	4	descriptive	descriptive	ADJ
cjfa-37579	387	5	statistics	statistic	NOUN
cjfa-37579	387	6	of	of	ADP
cjfa-37579	387	7	selected	select	VERB
cjfa-37579	387	8	sectoral	sectoral	ADJ
cjfa-37579	387	9	share	share	NOUN
cjfa-37579	387	10	index	index	NOUN
cjfa-37579	387	11	return	return	NOUN
cjfa-37579	387	12	on	on	ADP
cjfa-37579	387	13	the	the	DET
cjfa-37579	387	14	nigerian	nigerian	ADJ
cjfa-37579	387	15	stock	stock	NOUN
cjfa-37579	387	16	exchange	exchange	PROPN
cjfa-37579	387	17	stat	stat	PROPN
cjfa-37579	387	18	variable	variable	ADJ
cjfa-37579	387	19	mean	mean	PROPN
cjfa-37579	387	20	median	median	ADJ
cjfa-37579	387	21	maximum	maximum	ADJ
cjfa-37579	387	22	minimum	minimum	ADJ
cjfa-37579	387	23	std	std	NOUN
cjfa-37579	387	24	.	.	PUNCT
cjfa-37579	388	1	dev	dev	PROPN
cjfa-37579	388	2	.	.	PROPN
cjfa-37579	388	3	skewness	skewness	PROPN
cjfa-37579	388	4	kurtosis	kurtosis	VERB
cjfa-37579	388	5	j.bera	j.bera	NOUN
cjfa-37579	388	6	prob	prob	PROPN
cjfa-37579	388	7	nse30	nse30	VERB
cjfa-37579	388	8	0.001417	0.001417	NUM
cjfa-37579	388	9	0.000421	0.000421	NUM
cjfa-37579	388	10	0.060937	0.060937	NUM
cjfa-37579	388	11	-0.055389	-0.055389	NOUN
cjfa-37579	389	1	0.013190	0.013190	NUM
cjfa-37579	389	2	0.407018	0.407018	NUM
cjfa-37579	389	3	7.958619	7.958619	NUM
cjfa-37579	389	4	261.9745	261.9745	NUM
cjfa-37579	389	5	0.0000	0.0000	NUM
cjfa-37579	389	6	when	when	SCONJ
cjfa-37579	389	7	εit	εit	VERB
cjfa-37579	389	8	–	–	PUNCT
cjfa-37579	389	9	i	i	PRON
cjfa-37579	389	10	indicates	indicate	VERB
cjfa-37579	389	11	negative	negative	ADJ
cjfa-37579	389	12	news	news	NOUN
cjfa-37579	389	13	,	,	PUNCT
cjfa-37579	389	14	the	the	DET
cjfa-37579	389	15	effects	effect	NOUN
cjfa-37579	389	16	would	would	AUX
cjfa-37579	389	17	be	be	AUX
cjfa-37579	389	18	given	give	VERB
cjfa-37579	389	19	as	as	ADP
cjfa-37579	389	20	where	where	SCONJ
cjfa-37579	389	21	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	389	22	�	�	PROPN
cjfa-37579	389	23	�	�	PROPN
cjfa-37579	389	24	�	�	PROPN
cjfa-37579	389	25	�	�	PROPN
cjfa-37579	389	26	=	=	SYM
cjfa-37579	389	27	�	�	PROPN
cjfa-37579	389	28	1	1	NUM
cjfa-37579	389	29	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADJ
cjfa-37579	389	30	𝑖𝑖	𝑖𝑖	PART
cjfa-37579	389	31	�	�	PROPN
cjfa-37579	389	32	�	�	PROPN
cjfa-37579	389	33	�	�	PROPN
cjfa-37579	389	34	�	�	PROPN
cjfa-37579	389	35	<	<	X
cjfa-37579	389	36	0	0	NUM
cjfa-37579	389	37	0	0	NUM
cjfa-37579	389	38	,	,	PUNCT
cjfa-37579	389	39	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-37579	389	40	𝑖𝑖	𝑖𝑖	PART
cjfa-37579	389	41	�	�	PROPN
cjfa-37579	389	42	�	�	PROPN
cjfa-37579	389	43	�	�	PROPN
cjfa-37579	389	44	�	�	PROPN
cjfa-37579	389	45	≥	≥	NUM
cjfa-37579	389	46	0	0	NUM
cjfa-37579	389	47	when	when	SCONJ
cjfa-37579	389	48	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	389	49	�	�	PROPN
cjfa-37579	389	50	�	�	PROPN
cjfa-37579	389	51	�	�	PROPN
cjfa-37579	389	52	�	�	PROPN
cjfa-37579	389	53	indicates	indicate	VERB
cjfa-37579	389	54	positive	positive	ADJ
cjfa-37579	389	55	news	news	NOUN
cjfa-37579	389	56	,	,	PUNCT
cjfa-37579	389	57	the	the	DET
cjfa-37579	389	58	effect	effect	NOUN
cjfa-37579	389	59	would	would	AUX
cjfa-37579	389	60	be	be	AUX
cjfa-37579	389	61	given	give	VERB
cjfa-37579	389	62	as	as	ADP
cjfa-37579	389	63	𝛾𝛾	𝛾𝛾	ADP
cjfa-37579	389	64	�	�	PROPN
cjfa-37579	389	65	�	�	PROPN
cjfa-37579	389	66	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	389	67	�	�	PROPN
cjfa-37579	389	68	�	�	PROPN
cjfa-37579	389	69	�	�	PROPN
cjfa-37579	389	70	�	�	PROPN
cjfa-37579	389	71	�	�	PROPN
cjfa-37579	389	72	,	,	PUNCT
cjfa-37579	389	73	when	when	SCONJ
cjfa-37579	389	74	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	389	75	�	�	PROPN
cjfa-37579	389	76	�	�	PROPN
cjfa-37579	389	77	�	�	PROPN
cjfa-37579	389	78	�	�	PROPN
cjfa-37579	389	79	indicates	indicate	VERB
cjfa-37579	389	80	negative	negative	ADJ
cjfa-37579	389	81	news	news	NOUN
cjfa-37579	389	82	,	,	PUNCT
cjfa-37579	389	83	the	the	DET
cjfa-37579	389	84	effects	effect	NOUN
cjfa-37579	389	85	would	would	AUX
cjfa-37579	389	86	be	be	AUX
cjfa-37579	389	87	given	give	VERB
cjfa-37579	389	88	as	as	ADP
cjfa-37579	389	89	(	(	PUNCT
cjfa-37579	389	90	𝜎𝜎+𝛾𝛾	𝜎𝜎+𝛾𝛾	NOUN
cjfa-37579	389	91	�	�	NOUN
cjfa-37579	389	92	�	�	PROPN
cjfa-37579	389	93	)𝑖𝑖	)𝑖𝑖	PROPN
cjfa-37579	389	94	�	�	PROPN
cjfa-37579	389	95	�	�	PROPN
cjfa-37579	389	96	�	�	PROPN
cjfa-37579	389	97	�	�	PROPN
cjfa-37579	389	98	.	.	PUNCT
cjfa-37579	390	1	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	390	2	�	�	PROPN
cjfa-37579	390	3	�	�	PROPN
cjfa-37579	390	4	is	be	AUX
cjfa-37579	390	5	expected	expect	VERB
cjfa-37579	390	6	to	to	PART
cjfa-37579	390	7	be	be	AUX
cjfa-37579	390	8	positive	positive	ADJ
cjfa-37579	390	9	so	so	SCONJ
cjfa-37579	390	10	that	that	SCONJ
cjfa-37579	390	11	bad	bad	ADJ
cjfa-37579	390	12	news	news	NOUN
cjfa-37579	390	13	would	would	AUX
cjfa-37579	390	14	impact	impact	VERB
cjfa-37579	390	15	volatility	volatility	NOUN
cjfa-37579	390	16	.	.	PUNCT
cjfa-37579	391	1	tgarch	tgarch	PROPN
cjfa-37579	391	2	/	/	SYM
cjfa-37579	391	3	tarch	tarch	NOUN
cjfa-37579	391	4	cross	cross	NOUN
cjfa-37579	391	5	-	-	NOUN
cjfa-37579	391	6	section	section	NOUN
cjfa-37579	391	7	means	mean	VERB
cjfa-37579	391	8	return	return	NOUN
cjfa-37579	391	9	equation	equation	NOUN
cjfa-37579	391	10	and	and	CCONJ
cjfa-37579	391	11	cross	cross	NOUN
cjfa-37579	391	12	-	-	NOUN
cjfa-37579	391	13	section	section	ADJ
cjfa-37579	391	14	return	return	NOUN
cjfa-37579	391	15	variance	variance	NOUN
cjfa-37579	391	16	is	be	AUX
cjfa-37579	391	17	stated	state	VERB
cjfa-37579	391	18	as	as	ADP
cjfa-37579	391	19	:	:	PUNCT
cjfa-37579	391	20	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	391	21	�	�	PROPN
cjfa-37579	391	22	�	�	PROPN
cjfa-37579	391	23	�	�	PROPN
cjfa-37579	391	24	=	=	SYM
cjfa-37579	391	25	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	391	26	𝐶	𝐶	PROPN
cjfa-37579	391	27	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	391	28	�	�	PROPN
cjfa-37579	391	29	�	�	PROPN
cjfa-37579	391	30	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	391	31	�	�	PROPN
cjfa-37579	391	32	�	�	PROPN
cjfa-37579	391	33	�	�	PROPN
cjfa-37579	391	34	�	�	PROPN
cjfa-37579	391	35	�	�	PROPN
cjfa-37579	391	36	𝐶	𝐶	PROPN
cjfa-37579	391	37	𝑖𝑖	𝑖𝑖	PROPN
cjfa-37579	391	38	�	�	PROPN
cjfa-37579	391	39	�	�	PROPN
cjfa-37579	391	40	�	�	PROPN
cjfa-37579	391	41	cross	cross	NOUN
cjfa-37579	391	42	-	-	NOUN
cjfa-37579	391	43	section	section	ADJ
cjfa-37579	391	44	mean	mean	NOUN
cjfa-37579	391	45	return	return	NOUN
cjfa-37579	391	46	equation	equation	NOUN
cjfa-37579	391	47	of	of	ADP
cjfa-37579	391	48	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	391	49	�	�	PROPN
cjfa-37579	391	50	�	�	PROPN
cjfa-37579	391	51	�	�	PROPN
cjfa-37579	391	52	(	(	PUNCT
cjfa-37579	391	53	11	11	NUM
cjfa-37579	391	54	)	)	PUNCT
cjfa-37579	391	55	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	391	56	�	�	PROPN
cjfa-37579	391	57	�	�	PROPN
cjfa-37579	391	58	�	�	PROPN
cjfa-37579	391	59	=	=	PUNCT
cjfa-37579	391	60	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	391	61	+	+	ADJ
cjfa-37579	391	62	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	391	63	�	�	PROPN
cjfa-37579	391	64	�	�	PROPN
cjfa-37579	391	65	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	391	66	�	�	PROPN
cjfa-37579	391	67	�	�	PROPN
cjfa-37579	391	68	�	�	PROPN
cjfa-37579	391	69	�	�	PROPN
cjfa-37579	391	70	�	�	PROPN
cjfa-37579	391	71	+	+	CCONJ
cjfa-37579	391	72	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	391	73	�	�	PROPN
cjfa-37579	391	74	�	�	PROPN
cjfa-37579	391	75	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	391	76	�	�	PROPN
cjfa-37579	391	77	�	�	PROPN
cjfa-37579	391	78	�	�	PROPN
cjfa-37579	391	79	�	�	PROPN
cjfa-37579	391	80	�	�	PROPN
cjfa-37579	391	81	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	391	82	�	�	PROPN
cjfa-37579	391	83	�	�	PROPN
cjfa-37579	391	84	�	�	PROPN
cjfa-37579	391	85	�	�	PROPN
cjfa-37579	391	86	+	+	CCONJ
cjfa-37579	391	87	𝛽𝛽	𝛽𝛽	PROPN
cjfa-37579	391	88	�	�	PROPN
cjfa-37579	391	89	�	�	PROPN
cjfa-37579	391	90	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	391	91	�	�	PROPN
cjfa-37579	391	92	�	�	PROPN
cjfa-37579	391	93	�	�	PROPN
cjfa-37579	391	94	�	�	PROPN
cjfa-37579	391	95	�	�	PROPN
cjfa-37579	391	96	cross	cross	NOUN
cjfa-37579	391	97	-	-	ADJ
cjfa-37579	391	98	section	section	ADJ
cjfa-37579	391	99	return	return	NOUN
cjfa-37579	391	100	variance	variance	NOUN
cjfa-37579	391	101	equation	equation	NOUN
cjfa-37579	391	102	(	(	PUNCT
cjfa-37579	391	103	12	12	NUM
cjfa-37579	391	104	)	)	PUNCT
cjfa-37579	391	105	where	where	SCONJ
cjfa-37579	391	106	𝑑𝑑	𝑑𝑑	VERB
cjfa-37579	391	107	�	�	PROPN
cjfa-37579	391	108	�	�	PROPN
cjfa-37579	391	109	�	�	PROPN
cjfa-37579	391	110	�	�	PROPN
cjfa-37579	391	111	=	=	SYM
cjfa-37579	391	112	1	1	NUM
cjfa-37579	391	113	if	if	SCONJ
cjfa-37579	391	114	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	391	115	�	�	PROPN
cjfa-37579	391	116	�	�	PROPN
cjfa-37579	391	117	�	�	PROPN
cjfa-37579	391	118	�	�	PROPN
cjfa-37579	391	119	�	�	PROPN
cjfa-37579	391	120	<	<	X
cjfa-37579	391	121	0	0	NUM
cjfa-37579	391	122	and	and	CCONJ
cjfa-37579	391	123	𝑑𝑑	𝑑𝑑	NOUN
cjfa-37579	391	124	�	�	PROPN
cjfa-37579	391	125	�	�	PROPN
cjfa-37579	391	126	�	�	PROPN
cjfa-37579	391	127	�	�	PROPN
cjfa-37579	391	128	=	=	SYM
cjfa-37579	391	129	0	0	PUNCT
cjfa-37579	391	130	if	if	SCONJ
cjfa-37579	391	131	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	391	132	�	�	PROPN
cjfa-37579	391	133	�	�	PROPN
cjfa-37579	391	134	�	�	PROPN
cjfa-37579	391	135	�	�	PROPN
cjfa-37579	391	136	�	�	PROPN
cjfa-37579	391	137	>	>	X
cjfa-37579	391	138	0	0	PROPN
cjfa-37579	391	139	.	.	PUNCT
cjfa-37579	392	1	the	the	DET
cjfa-37579	392	2	a	a	DET
cjfa-37579	392	3	priori	priori	ADJ
cjfa-37579	392	4	expectation	expectation	NOUN
cjfa-37579	392	5	of	of	ADP
cjfa-37579	392	6	tgarch	tgarch	NOUN
cjfa-37579	392	7	specifies	specifie	NOUN
cjfa-37579	392	8	𝛾𝛾	𝛾𝛾	ADP
cjfa-37579	392	9	�	�	PROPN
cjfa-37579	392	10	�	�	PROPN
cjfa-37579	392	11	<	<	X
cjfa-37579	392	12	0	0	NUM
cjfa-37579	392	13	as	as	ADP
cjfa-37579	392	14	a	a	DET
cjfa-37579	392	15	measure	measure	NOUN
cjfa-37579	392	16	of	of	ADP
cjfa-37579	392	17	the	the	DET
cjfa-37579	392	18	impact	impact	NOUN
cjfa-37579	392	19	of	of	ADP
cjfa-37579	392	20	negative	negative	ADJ
cjfa-37579	392	21	news	news	NOUN
cjfa-37579	392	22	on	on	ADP
cjfa-37579	392	23	return	return	NOUN
cjfa-37579	392	24	volatility	volatility	NOUN
cjfa-37579	392	25	persistence	persistence	NOUN
cjfa-37579	392	26	.	.	PUNCT
cjfa-37579	393	1	three	three	NUM
cjfa-37579	393	2	(	(	PUNCT
cjfa-37579	393	3	3	3	X
cjfa-37579	393	4	)	)	PUNCT
cjfa-37579	393	5	conditional	conditional	ADJ
cjfa-37579	393	6	error	error	NOUN
cjfa-37579	393	7	distributions	distribution	NOUN
cjfa-37579	393	8	that	that	PRON
cjfa-37579	393	9	are	be	AUX
cjfa-37579	393	10	:	:	PUNCT
cjfa-37579	393	11	gaussian	gaussian	ADJ
cjfa-37579	393	12	distribution	distribution	NOUN
cjfa-37579	393	13	,	,	PUNCT
cjfa-37579	393	14	student’s	student’s	NOUN
cjfa-37579	393	15	-	-	PUNCT
cjfa-37579	393	16	t	t	NOUN
cjfa-37579	393	17	distribution	distribution	NOUN
cjfa-37579	393	18	and	and	CCONJ
cjfa-37579	393	19	the	the	DET
cjfa-37579	393	20	generalised	generalise	VERB
cjfa-37579	393	21	error	error	NOUN
cjfa-37579	393	22	distribution	distribution	NOUN
cjfa-37579	393	23	(	(	PUNCT
cjfa-37579	393	24	ged	ge	VERB
cjfa-37579	393	25	)	)	PUNCT
cjfa-37579	393	26	were	be	AUX
cjfa-37579	393	27	used	use	VERB
cjfa-37579	393	28	to	to	PART
cjfa-37579	393	29	estimate	estimate	VERB
cjfa-37579	393	30	the	the	DET
cjfa-37579	393	31	parameters	parameter	NOUN
cjfa-37579	393	32	of	of	ADP
cjfa-37579	393	33	the	the	DET
cjfa-37579	393	34	consistent	consistent	ADJ
cjfa-37579	393	35	residuals	residual	NOUN
cjfa-37579	393	36	of	of	ADP
cjfa-37579	393	37	the	the	DET
cjfa-37579	393	38	models	model	NOUN
cjfa-37579	393	39	.	.	PUNCT
cjfa-37579	394	1	estimation	estimation	NOUN
cjfa-37579	394	2	procedure	procedure	NOUN
cjfa-37579	394	3	the	the	DET
cjfa-37579	394	4	estimation	estimation	NOUN
cjfa-37579	394	5	procedure	procedure	NOUN
cjfa-37579	394	6	involves	involve	VERB
cjfa-37579	394	7	the	the	DET
cjfa-37579	394	8	estimation	estimation	NOUN
cjfa-37579	394	9	of	of	ADP
cjfa-37579	394	10	the	the	DET
cjfa-37579	394	11	descriptive	descriptive	ADJ
cjfa-37579	394	12	statistics	statistic	NOUN
cjfa-37579	394	13	of	of	ADP
cjfa-37579	394	14	each	each	DET
cjfa-37579	394	15	sectoral	sectoral	ADJ
cjfa-37579	394	16	return	return	NOUN
cjfa-37579	394	17	series	series	NOUN
cjfa-37579	394	18	,	,	PUNCT
cjfa-37579	394	19	the	the	DET
cjfa-37579	394	20	univariate	univariate	ADJ
cjfa-37579	394	21	and	and	CCONJ
cjfa-37579	394	22	panel	panel	NOUN
cjfa-37579	394	23	data	datum	NOUN
cjfa-37579	394	24	unit	unit	NOUN
cjfa-37579	394	25	-	-	PUNCT
cjfa-37579	394	26	root	root	NOUN
cjfa-37579	394	27	pre	pre	ADJ
cjfa-37579	394	28	-	-	ADJ
cjfa-37579	394	29	testing	testing	NOUN
cjfa-37579	394	30	of	of	ADP
cjfa-37579	394	31	the	the	DET
cjfa-37579	394	32	series	series	NOUN
cjfa-37579	394	33	to	to	PART
cjfa-37579	394	34	establish	establish	VERB
cjfa-37579	394	35	the	the	DET
cjfa-37579	394	36	absence	absence	NOUN
cjfa-37579	394	37	of	of	ADP
cjfa-37579	394	38	unit	unit	NOUN
cjfa-37579	394	39	root	root	NOUN
cjfa-37579	394	40	were	be	AUX
cjfa-37579	394	41	conducted	conduct	VERB
cjfa-37579	394	42	.	.	PUNCT
cjfa-37579	395	1	the	the	DET
cjfa-37579	395	2	effect	effect	NOUN
cjfa-37579	395	3	of	of	ADP
cjfa-37579	395	4	sectoral	sectoral	ADJ
cjfa-37579	395	5	-	-	PUNCT
cjfa-37579	395	6	specific	specific	NOUN
cjfa-37579	395	7	was	be	AUX
cjfa-37579	395	8	tested	test	VERB
cjfa-37579	395	9	with	with	ADP
cjfa-37579	395	10	the	the	DET
cjfa-37579	395	11	use	use	NOUN
cjfa-37579	395	12	of	of	ADP
cjfa-37579	395	13	least	least	ADJ
cjfa-37579	395	14	squares	square	NOUN
cjfa-37579	395	15	dummy	dummy	ADJ
cjfa-37579	395	16	variable	variable	ADJ
cjfa-37579	395	17	estimator	estimator	NOUN
cjfa-37579	395	18	for	for	ADP
cjfa-37579	395	19	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	395	20	and	and	CCONJ
cjfa-37579	395	21	autocorrelation	autocorrelation	NOUN
cjfa-37579	395	22	and	and	CCONJ
cjfa-37579	395	23	the	the	DET
cjfa-37579	395	24	wald	wald	PROPN
cjfa-37579	395	25	test	test	NOUN
cjfa-37579	395	26	statistic	statistic	NOUN
cjfa-37579	395	27	was	be	AUX
cjfa-37579	395	28	employed	employ	VERB
cjfa-37579	395	29	to	to	PART
cjfa-37579	395	30	test	test	VERB
cjfa-37579	395	31	the	the	DET
cjfa-37579	395	32	null	null	ADJ
cjfa-37579	395	33	hypothesis	hypothesis	NOUN
cjfa-37579	395	34	of	of	ADP
cjfa-37579	395	35	the	the	DET
cjfa-37579	395	36	data	data	NOUN
cjfa-37579	395	37	pool	pool	NOUN
cjfa-37579	395	38	ability	ability	NOUN
cjfa-37579	395	39	these	these	PRON
cjfa-37579	395	40	are	be	AUX
cjfa-37579	395	41	done	do	VERB
cjfa-37579	395	42	to	to	PART
cjfa-37579	395	43	satisfy	satisfy	VERB
cjfa-37579	395	44	the	the	DET
cjfa-37579	395	45	requirements	requirement	NOUN
cjfa-37579	395	46	for	for	ADP
cjfa-37579	395	47	the	the	DET
cjfa-37579	395	48	use	use	NOUN
cjfa-37579	395	49	of	of	ADP
cjfa-37579	395	50	the	the	DET
cjfa-37579	395	51	garch	garch	NOUN
cjfa-37579	395	52	model	model	NOUN
cjfa-37579	395	53	in	in	ADP
cjfa-37579	395	54	a	a	DET
cjfa-37579	395	55	panel	panel	NOUN
cjfa-37579	395	56	data	datum	NOUN
cjfa-37579	395	57	environment	environment	NOUN
cjfa-37579	395	58	according	accord	VERB
cjfa-37579	395	59	to	to	ADP
cjfa-37579	395	60	cermeño	cermeño	NOUN
cjfa-37579	395	61	and	and	CCONJ
cjfa-37579	395	62	grier	grier	PROPN
cjfa-37579	395	63	(	(	PUNCT
cjfa-37579	395	64	2001	2001	NUM
cjfa-37579	395	65	)	)	PUNCT
cjfa-37579	395	66	.	.	PUNCT
cjfa-37579	396	1	results	result	NOUN
cjfa-37579	396	2	and	and	CCONJ
cjfa-37579	396	3	discussion	discussion	NOUN
cjfa-37579	396	4	in	in	ADP
cjfa-37579	396	5	this	this	DET
cjfa-37579	396	6	section	section	NOUN
cjfa-37579	396	7	,	,	PUNCT
cjfa-37579	396	8	the	the	DET
cjfa-37579	396	9	analysis	analysis	NOUN
cjfa-37579	396	10	is	be	AUX
cjfa-37579	396	11	carried	carry	VERB
cjfa-37579	396	12	out	out	ADP
cjfa-37579	396	13	and	and	CCONJ
cjfa-37579	396	14	results	result	NOUN
cjfa-37579	396	15	are	be	AUX
cjfa-37579	396	16	presented	present	VERB
cjfa-37579	396	17	and	and	CCONJ
cjfa-37579	396	18	interpreted	interpret	VERB
cjfa-37579	396	19	.	.	PUNCT
cjfa-37579	397	1	table	table	NOUN
cjfa-37579	397	2	2	2	NUM
cjfa-37579	397	3	.	.	PUNCT
cjfa-37579	397	4	descriptive	descriptive	ADJ
cjfa-37579	397	5	statistics	statistic	NOUN
cjfa-37579	397	6	of	of	ADP
cjfa-37579	397	7	selected	select	VERB
cjfa-37579	397	8	sectoral	sectoral	ADJ
cjfa-37579	397	9	share	share	NOUN
cjfa-37579	397	10	index	index	NOUN
cjfa-37579	397	11	return	return	NOUN
cjfa-37579	397	12	on	on	ADP
cjfa-37579	397	13	the	the	DET
cjfa-37579	397	14	nigerian	nigerian	ADJ
cjfa-37579	397	15	stock	stock	NOUN
cjfa-37579	397	16	exchange	exchange	PROPN
cjfa-37579	397	17	stat	stat	PROPN
cjfa-37579	397	18	variable	variable	ADJ
cjfa-37579	397	19	mean	mean	PROPN
cjfa-37579	397	20	median	median	ADJ
cjfa-37579	397	21	maximum	maximum	ADJ
cjfa-37579	397	22	minimum	minimum	ADJ
cjfa-37579	397	23	std	std	NOUN
cjfa-37579	397	24	.	.	PUNCT
cjfa-37579	398	1	dev	dev	PROPN
cjfa-37579	398	2	.	.	PROPN
cjfa-37579	398	3	skewness	skewness	PROPN
cjfa-37579	398	4	kurtosis	kurtosis	VERB
cjfa-37579	398	5	j.bera	j.bera	NOUN
cjfa-37579	398	6	prob	prob	PROPN
cjfa-37579	398	7	nse30	nse30	VERB
cjfa-37579	398	8	0.001417	0.001417	NUM
cjfa-37579	398	9	0.000421	0.000421	NUM
cjfa-37579	398	10	0.060937	0.060937	NUM
cjfa-37579	398	11	-0.055389	-0.055389	NOUN
cjfa-37579	399	1	0.013190	0.013190	NUM
cjfa-37579	399	2	0.407018	0.407018	NUM
cjfa-37579	399	3	7.958619	7.958619	NUM
cjfa-37579	399	4	261.9745	261.9745	NUM
cjfa-37579	399	5	0.0000	0.0000	NUM
cjfa-37579	399	6	is	be	AUX
cjfa-37579	399	7	expected	expect	VERB
cjfa-37579	399	8	to	to	PART
cjfa-37579	399	9	be	be	AUX
cjfa-37579	399	10	positive	positive	ADJ
cjfa-37579	399	11	so	so	SCONJ
cjfa-37579	399	12	that	that	SCONJ
cjfa-37579	399	13	bad	bad	ADJ
cjfa-37579	399	14	news	news	NOUN
cjfa-37579	399	15	would	would	AUX
cjfa-37579	399	16	impact	impact	VERB
cjfa-37579	399	17	volatility	volatility	NOUN
cjfa-37579	399	18	.	.	PUNCT
cjfa-37579	400	1	tgarch	tgarch	PROPN
cjfa-37579	400	2	/	/	SYM
cjfa-37579	400	3	tarch	tarch	NOUN
cjfa-37579	400	4	cross	cross	NOUN
cjfa-37579	400	5	-	-	NOUN
cjfa-37579	400	6	section	section	NOUN
cjfa-37579	400	7	means	mean	VERB
cjfa-37579	400	8	return	return	NOUN
cjfa-37579	400	9	equation	equation	NOUN
cjfa-37579	400	10	and	and	CCONJ
cjfa-37579	400	11	cross	cross	NOUN
cjfa-37579	400	12	-	-	NOUN
cjfa-37579	400	13	section	section	ADJ
cjfa-37579	400	14	return	return	NOUN
cjfa-37579	400	15	variance	variance	NOUN
cjfa-37579	400	16	is	be	AUX
cjfa-37579	400	17	stated	state	VERB
cjfa-37579	400	18	as	as	ADP
cjfa-37579	400	19	:	:	PUNCT
cjfa-37579	400	20	where	where	SCONJ
cjfa-37579	400	21	𝑑𝑑	𝑑𝑑	VERB
cjfa-37579	400	22	�	�	PROPN
cjfa-37579	400	23	�	�	PROPN
cjfa-37579	400	24	�	�	PROPN
cjfa-37579	400	25	�	�	PROPN
cjfa-37579	400	26	=	=	SYM
cjfa-37579	400	27	�	�	PROPN
cjfa-37579	400	28	1	1	NUM
cjfa-37579	400	29	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADJ
cjfa-37579	400	30	𝑖𝑖	𝑖𝑖	PART
cjfa-37579	400	31	�	�	PROPN
cjfa-37579	400	32	�	�	PROPN
cjfa-37579	400	33	�	�	PROPN
cjfa-37579	400	34	�	�	PROPN
cjfa-37579	400	35	<	<	X
cjfa-37579	400	36	0	0	NUM
cjfa-37579	400	37	0	0	NUM
cjfa-37579	400	38	,	,	PUNCT
cjfa-37579	400	39	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-37579	400	40	𝑖𝑖	𝑖𝑖	PART
cjfa-37579	400	41	�	�	PROPN
cjfa-37579	400	42	�	�	PROPN
cjfa-37579	400	43	�	�	PROPN
cjfa-37579	400	44	�	�	PROPN
cjfa-37579	400	45	≥	≥	NUM
cjfa-37579	400	46	0	0	NUM
cjfa-37579	400	47	when	when	SCONJ
cjfa-37579	400	48	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	400	49	�	�	PROPN
cjfa-37579	400	50	�	�	PROPN
cjfa-37579	400	51	�	�	PROPN
cjfa-37579	400	52	�	�	PROPN
cjfa-37579	400	53	indicates	indicate	VERB
cjfa-37579	400	54	positive	positive	ADJ
cjfa-37579	400	55	news	news	NOUN
cjfa-37579	400	56	,	,	PUNCT
cjfa-37579	400	57	the	the	DET
cjfa-37579	400	58	effect	effect	NOUN
cjfa-37579	400	59	would	would	AUX
cjfa-37579	400	60	be	be	AUX
cjfa-37579	400	61	given	give	VERB
cjfa-37579	400	62	as	as	ADP
cjfa-37579	400	63	𝛾𝛾	𝛾𝛾	ADP
cjfa-37579	400	64	�	�	PROPN
cjfa-37579	400	65	�	�	PROPN
cjfa-37579	400	66	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	400	67	�	�	PROPN
cjfa-37579	400	68	�	�	PROPN
cjfa-37579	400	69	�	�	PROPN
cjfa-37579	400	70	�	�	PROPN
cjfa-37579	400	71	�	�	PROPN
cjfa-37579	400	72	,	,	PUNCT
cjfa-37579	400	73	when	when	SCONJ
cjfa-37579	400	74	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	400	75	�	�	PROPN
cjfa-37579	400	76	�	�	PROPN
cjfa-37579	400	77	�	�	PROPN
cjfa-37579	400	78	�	�	PROPN
cjfa-37579	400	79	indicates	indicate	VERB
cjfa-37579	400	80	negative	negative	ADJ
cjfa-37579	400	81	news	news	NOUN
cjfa-37579	400	82	,	,	PUNCT
cjfa-37579	400	83	the	the	DET
cjfa-37579	400	84	effects	effect	NOUN
cjfa-37579	400	85	would	would	AUX
cjfa-37579	400	86	be	be	AUX
cjfa-37579	400	87	given	give	VERB
cjfa-37579	400	88	as	as	ADP
cjfa-37579	400	89	(	(	PUNCT
cjfa-37579	400	90	𝜎𝜎+𝛾𝛾	𝜎𝜎+𝛾𝛾	NOUN
cjfa-37579	400	91	�	�	NOUN
cjfa-37579	400	92	�	�	PROPN
cjfa-37579	400	93	)𝑖𝑖	)𝑖𝑖	PROPN
cjfa-37579	400	94	�	�	PROPN
cjfa-37579	400	95	�	�	PROPN
cjfa-37579	400	96	�	�	PROPN
cjfa-37579	400	97	�	�	PROPN
cjfa-37579	400	98	.	.	PUNCT
cjfa-37579	401	1	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	401	2	�	�	PROPN
cjfa-37579	401	3	�	�	PROPN
cjfa-37579	401	4	is	be	AUX
cjfa-37579	401	5	expected	expect	VERB
cjfa-37579	401	6	to	to	PART
cjfa-37579	401	7	be	be	AUX
cjfa-37579	401	8	positive	positive	ADJ
cjfa-37579	401	9	so	so	SCONJ
cjfa-37579	401	10	that	that	SCONJ
cjfa-37579	401	11	bad	bad	ADJ
cjfa-37579	401	12	news	news	NOUN
cjfa-37579	401	13	would	would	AUX
cjfa-37579	401	14	impact	impact	VERB
cjfa-37579	401	15	volatility	volatility	NOUN
cjfa-37579	401	16	.	.	PUNCT
cjfa-37579	402	1	tgarch	tgarch	PROPN
cjfa-37579	402	2	/	/	SYM
cjfa-37579	402	3	tarch	tarch	NOUN
cjfa-37579	402	4	cross	cross	NOUN
cjfa-37579	402	5	-	-	NOUN
cjfa-37579	402	6	section	section	NOUN
cjfa-37579	402	7	means	mean	VERB
cjfa-37579	402	8	return	return	NOUN
cjfa-37579	402	9	equation	equation	NOUN
cjfa-37579	402	10	and	and	CCONJ
cjfa-37579	402	11	cross	cross	NOUN
cjfa-37579	402	12	-	-	NOUN
cjfa-37579	402	13	section	section	ADJ
cjfa-37579	402	14	return	return	NOUN
cjfa-37579	402	15	variance	variance	NOUN
cjfa-37579	402	16	is	be	AUX
cjfa-37579	402	17	stated	state	VERB
cjfa-37579	402	18	as	as	ADP
cjfa-37579	402	19	:	:	PUNCT
cjfa-37579	402	20	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	402	21	�	�	PROPN
cjfa-37579	402	22	�	�	PROPN
cjfa-37579	402	23	�	�	PROPN
cjfa-37579	402	24	=	=	SYM
cjfa-37579	402	25	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	402	26	𝐶	𝐶	PROPN
cjfa-37579	402	27	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	402	28	�	�	PROPN
cjfa-37579	402	29	�	�	PROPN
cjfa-37579	402	30	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	402	31	�	�	PROPN
cjfa-37579	402	32	�	�	PROPN
cjfa-37579	402	33	�	�	PROPN
cjfa-37579	402	34	�	�	PROPN
cjfa-37579	402	35	�	�	PROPN
cjfa-37579	402	36	𝐶	𝐶	PROPN
cjfa-37579	402	37	𝑖𝑖	𝑖𝑖	PROPN
cjfa-37579	402	38	�	�	PROPN
cjfa-37579	402	39	�	�	PROPN
cjfa-37579	402	40	�	�	PROPN
cjfa-37579	402	41	cross	cross	NOUN
cjfa-37579	402	42	-	-	NOUN
cjfa-37579	402	43	section	section	ADJ
cjfa-37579	402	44	mean	mean	NOUN
cjfa-37579	402	45	return	return	NOUN
cjfa-37579	402	46	equation	equation	NOUN
cjfa-37579	402	47	of	of	ADP
cjfa-37579	402	48	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	402	49	�	�	PROPN
cjfa-37579	402	50	�	�	PROPN
cjfa-37579	402	51	�	�	PROPN
cjfa-37579	402	52	(	(	PUNCT
cjfa-37579	402	53	11	11	NUM
cjfa-37579	402	54	)	)	PUNCT
cjfa-37579	402	55	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	402	56	�	�	PROPN
cjfa-37579	402	57	�	�	PROPN
cjfa-37579	402	58	�	�	PROPN
cjfa-37579	402	59	=	=	PUNCT
cjfa-37579	402	60	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	402	61	+	+	ADJ
cjfa-37579	402	62	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	402	63	�	�	PROPN
cjfa-37579	402	64	�	�	PROPN
cjfa-37579	402	65	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	402	66	�	�	PROPN
cjfa-37579	402	67	�	�	PROPN
cjfa-37579	402	68	�	�	PROPN
cjfa-37579	402	69	�	�	PROPN
cjfa-37579	402	70	�	�	PROPN
cjfa-37579	402	71	+	+	CCONJ
cjfa-37579	402	72	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	402	73	�	�	PROPN
cjfa-37579	402	74	�	�	PROPN
cjfa-37579	402	75	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	402	76	�	�	PROPN
cjfa-37579	402	77	�	�	PROPN
cjfa-37579	402	78	�	�	PROPN
cjfa-37579	402	79	�	�	PROPN
cjfa-37579	402	80	�	�	PROPN
cjfa-37579	402	81	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	402	82	�	�	PROPN
cjfa-37579	402	83	�	�	PROPN
cjfa-37579	402	84	�	�	PROPN
cjfa-37579	402	85	�	�	PROPN
cjfa-37579	402	86	+	+	CCONJ
cjfa-37579	402	87	𝛽𝛽	𝛽𝛽	PROPN
cjfa-37579	402	88	�	�	PROPN
cjfa-37579	402	89	�	�	PROPN
cjfa-37579	402	90	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	402	91	�	�	PROPN
cjfa-37579	402	92	�	�	PROPN
cjfa-37579	402	93	�	�	PROPN
cjfa-37579	402	94	�	�	PROPN
cjfa-37579	402	95	�	�	PROPN
cjfa-37579	402	96	cross	cross	NOUN
cjfa-37579	402	97	-	-	ADJ
cjfa-37579	402	98	section	section	ADJ
cjfa-37579	402	99	return	return	NOUN
cjfa-37579	402	100	variance	variance	NOUN
cjfa-37579	402	101	equation	equation	NOUN
cjfa-37579	402	102	(	(	PUNCT
cjfa-37579	402	103	12	12	NUM
cjfa-37579	402	104	)	)	PUNCT
cjfa-37579	402	105	where	where	SCONJ
cjfa-37579	402	106	𝑑𝑑	𝑑𝑑	VERB
cjfa-37579	402	107	�	�	PROPN
cjfa-37579	402	108	�	�	PROPN
cjfa-37579	402	109	�	�	PROPN
cjfa-37579	402	110	�	�	PROPN
cjfa-37579	402	111	=	=	SYM
cjfa-37579	402	112	1	1	NUM
cjfa-37579	402	113	if	if	SCONJ
cjfa-37579	402	114	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	402	115	�	�	PROPN
cjfa-37579	402	116	�	�	PROPN
cjfa-37579	402	117	�	�	PROPN
cjfa-37579	402	118	�	�	PROPN
cjfa-37579	402	119	�	�	PROPN
cjfa-37579	402	120	<	<	X
cjfa-37579	402	121	0	0	NUM
cjfa-37579	402	122	and	and	CCONJ
cjfa-37579	402	123	𝑑𝑑	𝑑𝑑	NOUN
cjfa-37579	402	124	�	�	PROPN
cjfa-37579	402	125	�	�	PROPN
cjfa-37579	402	126	�	�	PROPN
cjfa-37579	402	127	�	�	PROPN
cjfa-37579	402	128	=	=	SYM
cjfa-37579	402	129	0	0	PUNCT
cjfa-37579	402	130	if	if	SCONJ
cjfa-37579	402	131	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	402	132	�	�	PROPN
cjfa-37579	402	133	�	�	PROPN
cjfa-37579	402	134	�	�	PROPN
cjfa-37579	402	135	�	�	PROPN
cjfa-37579	402	136	�	�	PROPN
cjfa-37579	402	137	>	>	X
cjfa-37579	402	138	0	0	PROPN
cjfa-37579	402	139	.	.	PUNCT
cjfa-37579	403	1	the	the	DET
cjfa-37579	403	2	a	a	DET
cjfa-37579	403	3	priori	priori	ADJ
cjfa-37579	403	4	expectation	expectation	NOUN
cjfa-37579	403	5	of	of	ADP
cjfa-37579	403	6	tgarch	tgarch	NOUN
cjfa-37579	403	7	specifies	specifie	NOUN
cjfa-37579	403	8	𝛾𝛾	𝛾𝛾	ADP
cjfa-37579	403	9	�	�	PROPN
cjfa-37579	403	10	�	�	PROPN
cjfa-37579	403	11	<	<	X
cjfa-37579	403	12	0	0	NUM
cjfa-37579	403	13	as	as	ADP
cjfa-37579	403	14	a	a	DET
cjfa-37579	403	15	measure	measure	NOUN
cjfa-37579	403	16	of	of	ADP
cjfa-37579	403	17	the	the	DET
cjfa-37579	403	18	impact	impact	NOUN
cjfa-37579	403	19	of	of	ADP
cjfa-37579	403	20	negative	negative	ADJ
cjfa-37579	403	21	news	news	NOUN
cjfa-37579	403	22	on	on	ADP
cjfa-37579	403	23	return	return	NOUN
cjfa-37579	403	24	volatility	volatility	NOUN
cjfa-37579	403	25	persistence	persistence	NOUN
cjfa-37579	403	26	.	.	PUNCT
cjfa-37579	404	1	three	three	NUM
cjfa-37579	404	2	(	(	PUNCT
cjfa-37579	404	3	3	3	X
cjfa-37579	404	4	)	)	PUNCT
cjfa-37579	404	5	conditional	conditional	ADJ
cjfa-37579	404	6	error	error	NOUN
cjfa-37579	404	7	distributions	distribution	NOUN
cjfa-37579	404	8	that	that	PRON
cjfa-37579	404	9	are	be	AUX
cjfa-37579	404	10	:	:	PUNCT
cjfa-37579	404	11	gaussian	gaussian	ADJ
cjfa-37579	404	12	distribution	distribution	NOUN
cjfa-37579	404	13	,	,	PUNCT
cjfa-37579	404	14	student’s	student’s	NOUN
cjfa-37579	404	15	-	-	PUNCT
cjfa-37579	404	16	t	t	NOUN
cjfa-37579	404	17	distribution	distribution	NOUN
cjfa-37579	404	18	and	and	CCONJ
cjfa-37579	404	19	the	the	DET
cjfa-37579	404	20	generalised	generalise	VERB
cjfa-37579	404	21	error	error	NOUN
cjfa-37579	404	22	distribution	distribution	NOUN
cjfa-37579	404	23	(	(	PUNCT
cjfa-37579	404	24	ged	ge	VERB
cjfa-37579	404	25	)	)	PUNCT
cjfa-37579	404	26	were	be	AUX
cjfa-37579	404	27	used	use	VERB
cjfa-37579	404	28	to	to	PART
cjfa-37579	404	29	estimate	estimate	VERB
cjfa-37579	404	30	the	the	DET
cjfa-37579	404	31	parameters	parameter	NOUN
cjfa-37579	404	32	of	of	ADP
cjfa-37579	404	33	the	the	DET
cjfa-37579	404	34	consistent	consistent	ADJ
cjfa-37579	404	35	residuals	residual	NOUN
cjfa-37579	404	36	of	of	ADP
cjfa-37579	404	37	the	the	DET
cjfa-37579	404	38	models	model	NOUN
cjfa-37579	404	39	.	.	PUNCT
cjfa-37579	405	1	estimation	estimation	NOUN
cjfa-37579	405	2	procedure	procedure	NOUN
cjfa-37579	405	3	the	the	DET
cjfa-37579	405	4	estimation	estimation	NOUN
cjfa-37579	405	5	procedure	procedure	NOUN
cjfa-37579	405	6	involves	involve	VERB
cjfa-37579	405	7	the	the	DET
cjfa-37579	405	8	estimation	estimation	NOUN
cjfa-37579	405	9	of	of	ADP
cjfa-37579	405	10	the	the	DET
cjfa-37579	405	11	descriptive	descriptive	ADJ
cjfa-37579	405	12	statistics	statistic	NOUN
cjfa-37579	405	13	of	of	ADP
cjfa-37579	405	14	each	each	DET
cjfa-37579	405	15	sectoral	sectoral	ADJ
cjfa-37579	405	16	return	return	NOUN
cjfa-37579	405	17	series	series	NOUN
cjfa-37579	405	18	,	,	PUNCT
cjfa-37579	405	19	the	the	DET
cjfa-37579	405	20	univariate	univariate	ADJ
cjfa-37579	405	21	and	and	CCONJ
cjfa-37579	405	22	panel	panel	NOUN
cjfa-37579	405	23	data	datum	NOUN
cjfa-37579	405	24	unit	unit	NOUN
cjfa-37579	405	25	-	-	PUNCT
cjfa-37579	405	26	root	root	NOUN
cjfa-37579	405	27	pre	pre	ADJ
cjfa-37579	405	28	-	-	ADJ
cjfa-37579	405	29	testing	testing	NOUN
cjfa-37579	405	30	of	of	ADP
cjfa-37579	405	31	the	the	DET
cjfa-37579	405	32	series	series	NOUN
cjfa-37579	405	33	to	to	PART
cjfa-37579	405	34	establish	establish	VERB
cjfa-37579	405	35	the	the	DET
cjfa-37579	405	36	absence	absence	NOUN
cjfa-37579	405	37	of	of	ADP
cjfa-37579	405	38	unit	unit	NOUN
cjfa-37579	405	39	root	root	NOUN
cjfa-37579	405	40	were	be	AUX
cjfa-37579	405	41	conducted	conduct	VERB
cjfa-37579	405	42	.	.	PUNCT
cjfa-37579	406	1	the	the	DET
cjfa-37579	406	2	effect	effect	NOUN
cjfa-37579	406	3	of	of	ADP
cjfa-37579	406	4	sectoral	sectoral	ADJ
cjfa-37579	406	5	-	-	PUNCT
cjfa-37579	406	6	specific	specific	NOUN
cjfa-37579	406	7	was	be	AUX
cjfa-37579	406	8	tested	test	VERB
cjfa-37579	406	9	with	with	ADP
cjfa-37579	406	10	the	the	DET
cjfa-37579	406	11	use	use	NOUN
cjfa-37579	406	12	of	of	ADP
cjfa-37579	406	13	least	least	ADJ
cjfa-37579	406	14	squares	square	NOUN
cjfa-37579	406	15	dummy	dummy	ADJ
cjfa-37579	406	16	variable	variable	ADJ
cjfa-37579	406	17	estimator	estimator	NOUN
cjfa-37579	406	18	for	for	ADP
cjfa-37579	406	19	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	406	20	and	and	CCONJ
cjfa-37579	406	21	autocorrelation	autocorrelation	NOUN
cjfa-37579	406	22	and	and	CCONJ
cjfa-37579	406	23	the	the	DET
cjfa-37579	406	24	wald	wald	PROPN
cjfa-37579	406	25	test	test	NOUN
cjfa-37579	406	26	statistic	statistic	NOUN
cjfa-37579	406	27	was	be	AUX
cjfa-37579	406	28	employed	employ	VERB
cjfa-37579	406	29	to	to	PART
cjfa-37579	406	30	test	test	VERB
cjfa-37579	406	31	the	the	DET
cjfa-37579	406	32	null	null	ADJ
cjfa-37579	406	33	hypothesis	hypothesis	NOUN
cjfa-37579	406	34	of	of	ADP
cjfa-37579	406	35	the	the	DET
cjfa-37579	406	36	data	data	NOUN
cjfa-37579	406	37	pool	pool	NOUN
cjfa-37579	406	38	ability	ability	NOUN
cjfa-37579	406	39	these	these	PRON
cjfa-37579	406	40	are	be	AUX
cjfa-37579	406	41	done	do	VERB
cjfa-37579	406	42	to	to	PART
cjfa-37579	406	43	satisfy	satisfy	VERB
cjfa-37579	406	44	the	the	DET
cjfa-37579	406	45	requirements	requirement	NOUN
cjfa-37579	406	46	for	for	ADP
cjfa-37579	406	47	the	the	DET
cjfa-37579	406	48	use	use	NOUN
cjfa-37579	406	49	of	of	ADP
cjfa-37579	406	50	the	the	DET
cjfa-37579	406	51	garch	garch	NOUN
cjfa-37579	406	52	model	model	NOUN
cjfa-37579	406	53	in	in	ADP
cjfa-37579	406	54	a	a	DET
cjfa-37579	406	55	panel	panel	NOUN
cjfa-37579	406	56	data	datum	NOUN
cjfa-37579	406	57	environment	environment	NOUN
cjfa-37579	406	58	according	accord	VERB
cjfa-37579	406	59	to	to	ADP
cjfa-37579	406	60	cermeño	cermeño	NOUN
cjfa-37579	406	61	and	and	CCONJ
cjfa-37579	406	62	grier	grier	PROPN
cjfa-37579	406	63	(	(	PUNCT
cjfa-37579	406	64	2001	2001	NUM
cjfa-37579	406	65	)	)	PUNCT
cjfa-37579	406	66	.	.	PUNCT
cjfa-37579	407	1	results	result	NOUN
cjfa-37579	407	2	and	and	CCONJ
cjfa-37579	407	3	discussion	discussion	NOUN
cjfa-37579	407	4	in	in	ADP
cjfa-37579	407	5	this	this	DET
cjfa-37579	407	6	section	section	NOUN
cjfa-37579	407	7	,	,	PUNCT
cjfa-37579	407	8	the	the	DET
cjfa-37579	407	9	analysis	analysis	NOUN
cjfa-37579	407	10	is	be	AUX
cjfa-37579	407	11	carried	carry	VERB
cjfa-37579	407	12	out	out	ADP
cjfa-37579	407	13	and	and	CCONJ
cjfa-37579	407	14	results	result	NOUN
cjfa-37579	407	15	are	be	AUX
cjfa-37579	407	16	presented	present	VERB
cjfa-37579	407	17	and	and	CCONJ
cjfa-37579	407	18	interpreted	interpret	VERB
cjfa-37579	407	19	.	.	PUNCT
cjfa-37579	408	1	table	table	NOUN
cjfa-37579	408	2	2	2	NUM
cjfa-37579	408	3	.	.	PUNCT
cjfa-37579	408	4	descriptive	descriptive	ADJ
cjfa-37579	408	5	statistics	statistic	NOUN
cjfa-37579	408	6	of	of	ADP
cjfa-37579	408	7	selected	select	VERB
cjfa-37579	408	8	sectoral	sectoral	ADJ
cjfa-37579	408	9	share	share	NOUN
cjfa-37579	408	10	index	index	NOUN
cjfa-37579	408	11	return	return	NOUN
cjfa-37579	408	12	on	on	ADP
cjfa-37579	408	13	the	the	DET
cjfa-37579	408	14	nigerian	nigerian	ADJ
cjfa-37579	408	15	stock	stock	NOUN
cjfa-37579	408	16	exchange	exchange	PROPN
cjfa-37579	408	17	stat	stat	PROPN
cjfa-37579	408	18	variable	variable	ADJ
cjfa-37579	408	19	mean	mean	PROPN
cjfa-37579	408	20	median	median	ADJ
cjfa-37579	408	21	maximum	maximum	ADJ
cjfa-37579	408	22	minimum	minimum	ADJ
cjfa-37579	408	23	std	std	NOUN
cjfa-37579	408	24	.	.	PUNCT
cjfa-37579	409	1	dev	dev	PROPN
cjfa-37579	409	2	.	.	PROPN
cjfa-37579	409	3	skewness	skewness	PROPN
cjfa-37579	409	4	kurtosis	kurtosis	VERB
cjfa-37579	409	5	j.bera	j.bera	NOUN
cjfa-37579	409	6	prob	prob	PROPN
cjfa-37579	409	7	nse30	nse30	VERB
cjfa-37579	409	8	0.001417	0.001417	NUM
cjfa-37579	409	9	0.000421	0.000421	NUM
cjfa-37579	409	10	0.060937	0.060937	NUM
cjfa-37579	409	11	-0.055389	-0.055389	NOUN
cjfa-37579	409	12	0.013190	0.013190	NUM
cjfa-37579	409	13	0.407018	0.407018	NUM
cjfa-37579	409	14	7.958619	7.958619	NUM
cjfa-37579	409	15	261.9745	261.9745	NUM
cjfa-37579	409	16	0.0000	0.0000	NUM
cjfa-37579	409	17	 	 	SPACE
cjfa-37579	409	18	cross	cross	NOUN
cjfa-37579	409	19	-	-	NOUN
cjfa-37579	409	20	section	section	ADJ
cjfa-37579	409	21	mean	mean	NOUN
cjfa-37579	409	22	return	return	NOUN
cjfa-37579	409	23	equation	equation	NOUN
cjfa-37579	409	24	of	of	ADP
cjfa-37579	409	25	asirit	asirit	NOUN
cjfa-37579	409	26	(	(	PUNCT
cjfa-37579	409	27	11	11	NUM
cjfa-37579	409	28	)	)	PUNCT
cjfa-37579	409	29	where	where	SCONJ
cjfa-37579	409	30	𝑑𝑑	𝑑𝑑	VERB
cjfa-37579	409	31	�	�	PROPN
cjfa-37579	409	32	�	�	PROPN
cjfa-37579	409	33	�	�	PROPN
cjfa-37579	409	34	�	�	PROPN
cjfa-37579	409	35	=	=	SYM
cjfa-37579	409	36	�	�	PROPN
cjfa-37579	409	37	1	1	NUM
cjfa-37579	409	38	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADJ
cjfa-37579	409	39	𝑖𝑖	𝑖𝑖	PART
cjfa-37579	409	40	�	�	PROPN
cjfa-37579	409	41	�	�	PROPN
cjfa-37579	409	42	�	�	PROPN
cjfa-37579	409	43	�	�	PROPN
cjfa-37579	409	44	<	<	X
cjfa-37579	409	45	0	0	NUM
cjfa-37579	409	46	0	0	NUM
cjfa-37579	409	47	,	,	PUNCT
cjfa-37579	409	48	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-37579	409	49	𝑖𝑖	𝑖𝑖	PART
cjfa-37579	409	50	�	�	PROPN
cjfa-37579	409	51	�	�	PROPN
cjfa-37579	409	52	�	�	PROPN
cjfa-37579	409	53	�	�	PROPN
cjfa-37579	409	54	≥	≥	NUM
cjfa-37579	409	55	0	0	NUM
cjfa-37579	409	56	when	when	SCONJ
cjfa-37579	409	57	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	409	58	�	�	PROPN
cjfa-37579	409	59	�	�	PROPN
cjfa-37579	409	60	�	�	PROPN
cjfa-37579	409	61	�	�	PROPN
cjfa-37579	409	62	indicates	indicate	VERB
cjfa-37579	409	63	positive	positive	ADJ
cjfa-37579	409	64	news	news	NOUN
cjfa-37579	409	65	,	,	PUNCT
cjfa-37579	409	66	the	the	DET
cjfa-37579	409	67	effect	effect	NOUN
cjfa-37579	409	68	would	would	AUX
cjfa-37579	409	69	be	be	AUX
cjfa-37579	409	70	given	give	VERB
cjfa-37579	409	71	as	as	ADP
cjfa-37579	409	72	𝛾𝛾	𝛾𝛾	ADP
cjfa-37579	409	73	�	�	PROPN
cjfa-37579	409	74	�	�	PROPN
cjfa-37579	409	75	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	409	76	�	�	PROPN
cjfa-37579	409	77	�	�	PROPN
cjfa-37579	409	78	�	�	PROPN
cjfa-37579	409	79	�	�	PROPN
cjfa-37579	409	80	�	�	PROPN
cjfa-37579	409	81	,	,	PUNCT
cjfa-37579	409	82	when	when	SCONJ
cjfa-37579	409	83	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	409	84	�	�	PROPN
cjfa-37579	409	85	�	�	PROPN
cjfa-37579	409	86	�	�	PROPN
cjfa-37579	409	87	�	�	PROPN
cjfa-37579	409	88	indicates	indicate	VERB
cjfa-37579	409	89	negative	negative	ADJ
cjfa-37579	409	90	news	news	NOUN
cjfa-37579	409	91	,	,	PUNCT
cjfa-37579	409	92	the	the	DET
cjfa-37579	409	93	effects	effect	NOUN
cjfa-37579	409	94	would	would	AUX
cjfa-37579	409	95	be	be	AUX
cjfa-37579	409	96	given	give	VERB
cjfa-37579	409	97	as	as	ADP
cjfa-37579	409	98	(	(	PUNCT
cjfa-37579	409	99	𝜎𝜎+𝛾𝛾	𝜎𝜎+𝛾𝛾	NOUN
cjfa-37579	409	100	�	�	NOUN
cjfa-37579	409	101	�	�	PROPN
cjfa-37579	409	102	)𝑖𝑖	)𝑖𝑖	PROPN
cjfa-37579	409	103	�	�	PROPN
cjfa-37579	409	104	�	�	PROPN
cjfa-37579	409	105	�	�	PROPN
cjfa-37579	409	106	�	�	PROPN
cjfa-37579	409	107	.	.	PUNCT
cjfa-37579	410	1	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	410	2	�	�	PROPN
cjfa-37579	410	3	�	�	PROPN
cjfa-37579	410	4	is	be	AUX
cjfa-37579	410	5	expected	expect	VERB
cjfa-37579	410	6	to	to	PART
cjfa-37579	410	7	be	be	AUX
cjfa-37579	410	8	positive	positive	ADJ
cjfa-37579	410	9	so	so	SCONJ
cjfa-37579	410	10	that	that	SCONJ
cjfa-37579	410	11	bad	bad	ADJ
cjfa-37579	410	12	news	news	NOUN
cjfa-37579	410	13	would	would	AUX
cjfa-37579	410	14	impact	impact	VERB
cjfa-37579	410	15	volatility	volatility	NOUN
cjfa-37579	410	16	.	.	PUNCT
cjfa-37579	411	1	tgarch	tgarch	PROPN
cjfa-37579	411	2	/	/	SYM
cjfa-37579	411	3	tarch	tarch	NOUN
cjfa-37579	411	4	cross	cross	NOUN
cjfa-37579	411	5	-	-	NOUN
cjfa-37579	411	6	section	section	NOUN
cjfa-37579	411	7	means	mean	VERB
cjfa-37579	411	8	return	return	NOUN
cjfa-37579	411	9	equation	equation	NOUN
cjfa-37579	411	10	and	and	CCONJ
cjfa-37579	411	11	cross	cross	NOUN
cjfa-37579	411	12	-	-	NOUN
cjfa-37579	411	13	section	section	ADJ
cjfa-37579	411	14	return	return	NOUN
cjfa-37579	411	15	variance	variance	NOUN
cjfa-37579	411	16	is	be	AUX
cjfa-37579	411	17	stated	state	VERB
cjfa-37579	411	18	as	as	ADP
cjfa-37579	411	19	:	:	PUNCT
cjfa-37579	411	20	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	411	21	�	�	PROPN
cjfa-37579	411	22	�	�	PROPN
cjfa-37579	411	23	�	�	PROPN
cjfa-37579	411	24	=	=	SYM
cjfa-37579	411	25	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	411	26	𝐶	𝐶	PROPN
cjfa-37579	411	27	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	411	28	�	�	PROPN
cjfa-37579	411	29	�	�	PROPN
cjfa-37579	411	30	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	411	31	�	�	PROPN
cjfa-37579	411	32	�	�	PROPN
cjfa-37579	411	33	�	�	PROPN
cjfa-37579	411	34	�	�	PROPN
cjfa-37579	411	35	�	�	PROPN
cjfa-37579	411	36	𝐶	𝐶	PROPN
cjfa-37579	411	37	𝑖𝑖	𝑖𝑖	PROPN
cjfa-37579	411	38	�	�	PROPN
cjfa-37579	411	39	�	�	PROPN
cjfa-37579	411	40	�	�	PROPN
cjfa-37579	411	41	cross	cross	NOUN
cjfa-37579	411	42	-	-	NOUN
cjfa-37579	411	43	section	section	ADJ
cjfa-37579	411	44	mean	mean	NOUN
cjfa-37579	411	45	return	return	NOUN
cjfa-37579	411	46	equation	equation	NOUN
cjfa-37579	411	47	of	of	ADP
cjfa-37579	411	48	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	411	49	�	�	PROPN
cjfa-37579	411	50	�	�	PROPN
cjfa-37579	411	51	�	�	PROPN
cjfa-37579	411	52	(	(	PUNCT
cjfa-37579	411	53	11	11	NUM
cjfa-37579	411	54	)	)	PUNCT
cjfa-37579	411	55	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	411	56	�	�	PROPN
cjfa-37579	411	57	�	�	PROPN
cjfa-37579	411	58	�	�	PROPN
cjfa-37579	411	59	=	=	PUNCT
cjfa-37579	411	60	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	411	61	+	+	ADJ
cjfa-37579	411	62	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	411	63	�	�	PROPN
cjfa-37579	411	64	�	�	PROPN
cjfa-37579	411	65	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	411	66	�	�	PROPN
cjfa-37579	411	67	�	�	PROPN
cjfa-37579	411	68	�	�	PROPN
cjfa-37579	411	69	�	�	PROPN
cjfa-37579	411	70	�	�	PROPN
cjfa-37579	411	71	+	+	CCONJ
cjfa-37579	411	72	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	411	73	�	�	PROPN
cjfa-37579	411	74	�	�	PROPN
cjfa-37579	411	75	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	411	76	�	�	PROPN
cjfa-37579	411	77	�	�	PROPN
cjfa-37579	411	78	�	�	PROPN
cjfa-37579	411	79	�	�	PROPN
cjfa-37579	411	80	�	�	PROPN
cjfa-37579	411	81	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	411	82	�	�	PROPN
cjfa-37579	411	83	�	�	PROPN
cjfa-37579	411	84	�	�	PROPN
cjfa-37579	411	85	�	�	PROPN
cjfa-37579	411	86	+	+	CCONJ
cjfa-37579	411	87	𝛽𝛽	𝛽𝛽	PROPN
cjfa-37579	411	88	�	�	PROPN
cjfa-37579	411	89	�	�	PROPN
cjfa-37579	411	90	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	411	91	�	�	PROPN
cjfa-37579	411	92	�	�	PROPN
cjfa-37579	411	93	�	�	PROPN
cjfa-37579	411	94	�	�	PROPN
cjfa-37579	411	95	�	�	PROPN
cjfa-37579	411	96	cross	cross	NOUN
cjfa-37579	411	97	-	-	ADJ
cjfa-37579	411	98	section	section	ADJ
cjfa-37579	411	99	return	return	NOUN
cjfa-37579	411	100	variance	variance	NOUN
cjfa-37579	411	101	equation	equation	NOUN
cjfa-37579	411	102	(	(	PUNCT
cjfa-37579	411	103	12	12	NUM
cjfa-37579	411	104	)	)	PUNCT
cjfa-37579	411	105	where	where	SCONJ
cjfa-37579	411	106	𝑑𝑑	𝑑𝑑	VERB
cjfa-37579	411	107	�	�	PROPN
cjfa-37579	411	108	�	�	PROPN
cjfa-37579	411	109	�	�	PROPN
cjfa-37579	411	110	�	�	PROPN
cjfa-37579	411	111	=	=	SYM
cjfa-37579	411	112	1	1	NUM
cjfa-37579	411	113	if	if	SCONJ
cjfa-37579	411	114	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	411	115	�	�	PROPN
cjfa-37579	411	116	�	�	PROPN
cjfa-37579	411	117	�	�	PROPN
cjfa-37579	411	118	�	�	PROPN
cjfa-37579	411	119	�	�	PROPN
cjfa-37579	411	120	<	<	X
cjfa-37579	411	121	0	0	NUM
cjfa-37579	411	122	and	and	CCONJ
cjfa-37579	411	123	𝑑𝑑	𝑑𝑑	NOUN
cjfa-37579	411	124	�	�	PROPN
cjfa-37579	411	125	�	�	PROPN
cjfa-37579	411	126	�	�	PROPN
cjfa-37579	411	127	�	�	PROPN
cjfa-37579	411	128	=	=	SYM
cjfa-37579	411	129	0	0	PUNCT
cjfa-37579	411	130	if	if	SCONJ
cjfa-37579	411	131	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	411	132	�	�	PROPN
cjfa-37579	411	133	�	�	PROPN
cjfa-37579	411	134	�	�	PROPN
cjfa-37579	411	135	�	�	PROPN
cjfa-37579	411	136	�	�	PROPN
cjfa-37579	411	137	>	>	X
cjfa-37579	411	138	0	0	PROPN
cjfa-37579	411	139	.	.	PUNCT
cjfa-37579	412	1	the	the	DET
cjfa-37579	412	2	a	a	DET
cjfa-37579	412	3	priori	priori	ADJ
cjfa-37579	412	4	expectation	expectation	NOUN
cjfa-37579	412	5	of	of	ADP
cjfa-37579	412	6	tgarch	tgarch	NOUN
cjfa-37579	412	7	specifies	specifie	NOUN
cjfa-37579	412	8	𝛾𝛾	𝛾𝛾	ADP
cjfa-37579	412	9	�	�	PROPN
cjfa-37579	412	10	�	�	PROPN
cjfa-37579	412	11	<	<	X
cjfa-37579	412	12	0	0	NUM
cjfa-37579	412	13	as	as	ADP
cjfa-37579	412	14	a	a	DET
cjfa-37579	412	15	measure	measure	NOUN
cjfa-37579	412	16	of	of	ADP
cjfa-37579	412	17	the	the	DET
cjfa-37579	412	18	impact	impact	NOUN
cjfa-37579	412	19	of	of	ADP
cjfa-37579	412	20	negative	negative	ADJ
cjfa-37579	412	21	news	news	NOUN
cjfa-37579	412	22	on	on	ADP
cjfa-37579	412	23	return	return	NOUN
cjfa-37579	412	24	volatility	volatility	NOUN
cjfa-37579	412	25	persistence	persistence	NOUN
cjfa-37579	412	26	.	.	PUNCT
cjfa-37579	413	1	three	three	NUM
cjfa-37579	413	2	(	(	PUNCT
cjfa-37579	413	3	3	3	X
cjfa-37579	413	4	)	)	PUNCT
cjfa-37579	413	5	conditional	conditional	ADJ
cjfa-37579	413	6	error	error	NOUN
cjfa-37579	413	7	distributions	distribution	NOUN
cjfa-37579	413	8	that	that	PRON
cjfa-37579	413	9	are	be	AUX
cjfa-37579	413	10	:	:	PUNCT
cjfa-37579	413	11	gaussian	gaussian	ADJ
cjfa-37579	413	12	distribution	distribution	NOUN
cjfa-37579	413	13	,	,	PUNCT
cjfa-37579	413	14	student’s	student’s	NOUN
cjfa-37579	413	15	-	-	PUNCT
cjfa-37579	413	16	t	t	NOUN
cjfa-37579	413	17	distribution	distribution	NOUN
cjfa-37579	413	18	and	and	CCONJ
cjfa-37579	413	19	the	the	DET
cjfa-37579	413	20	generalised	generalise	VERB
cjfa-37579	413	21	error	error	NOUN
cjfa-37579	413	22	distribution	distribution	NOUN
cjfa-37579	413	23	(	(	PUNCT
cjfa-37579	413	24	ged	ge	VERB
cjfa-37579	413	25	)	)	PUNCT
cjfa-37579	413	26	were	be	AUX
cjfa-37579	413	27	used	use	VERB
cjfa-37579	413	28	to	to	PART
cjfa-37579	413	29	estimate	estimate	VERB
cjfa-37579	413	30	the	the	DET
cjfa-37579	413	31	parameters	parameter	NOUN
cjfa-37579	413	32	of	of	ADP
cjfa-37579	413	33	the	the	DET
cjfa-37579	413	34	consistent	consistent	ADJ
cjfa-37579	413	35	residuals	residual	NOUN
cjfa-37579	413	36	of	of	ADP
cjfa-37579	413	37	the	the	DET
cjfa-37579	413	38	models	model	NOUN
cjfa-37579	413	39	.	.	PUNCT
cjfa-37579	414	1	estimation	estimation	NOUN
cjfa-37579	414	2	procedure	procedure	NOUN
cjfa-37579	414	3	the	the	DET
cjfa-37579	414	4	estimation	estimation	NOUN
cjfa-37579	414	5	procedure	procedure	NOUN
cjfa-37579	414	6	involves	involve	VERB
cjfa-37579	414	7	the	the	DET
cjfa-37579	414	8	estimation	estimation	NOUN
cjfa-37579	414	9	of	of	ADP
cjfa-37579	414	10	the	the	DET
cjfa-37579	414	11	descriptive	descriptive	ADJ
cjfa-37579	414	12	statistics	statistic	NOUN
cjfa-37579	414	13	of	of	ADP
cjfa-37579	414	14	each	each	DET
cjfa-37579	414	15	sectoral	sectoral	ADJ
cjfa-37579	414	16	return	return	NOUN
cjfa-37579	414	17	series	series	NOUN
cjfa-37579	414	18	,	,	PUNCT
cjfa-37579	414	19	the	the	DET
cjfa-37579	414	20	univariate	univariate	ADJ
cjfa-37579	414	21	and	and	CCONJ
cjfa-37579	414	22	panel	panel	NOUN
cjfa-37579	414	23	data	datum	NOUN
cjfa-37579	414	24	unit	unit	NOUN
cjfa-37579	414	25	-	-	PUNCT
cjfa-37579	414	26	root	root	NOUN
cjfa-37579	414	27	pre	pre	ADJ
cjfa-37579	414	28	-	-	ADJ
cjfa-37579	414	29	testing	testing	NOUN
cjfa-37579	414	30	of	of	ADP
cjfa-37579	414	31	the	the	DET
cjfa-37579	414	32	series	series	NOUN
cjfa-37579	414	33	to	to	PART
cjfa-37579	414	34	establish	establish	VERB
cjfa-37579	414	35	the	the	DET
cjfa-37579	414	36	absence	absence	NOUN
cjfa-37579	414	37	of	of	ADP
cjfa-37579	414	38	unit	unit	NOUN
cjfa-37579	414	39	root	root	NOUN
cjfa-37579	414	40	were	be	AUX
cjfa-37579	414	41	conducted	conduct	VERB
cjfa-37579	414	42	.	.	PUNCT
cjfa-37579	415	1	the	the	DET
cjfa-37579	415	2	effect	effect	NOUN
cjfa-37579	415	3	of	of	ADP
cjfa-37579	415	4	sectoral	sectoral	ADJ
cjfa-37579	415	5	-	-	PUNCT
cjfa-37579	415	6	specific	specific	NOUN
cjfa-37579	415	7	was	be	AUX
cjfa-37579	415	8	tested	test	VERB
cjfa-37579	415	9	with	with	ADP
cjfa-37579	415	10	the	the	DET
cjfa-37579	415	11	use	use	NOUN
cjfa-37579	415	12	of	of	ADP
cjfa-37579	415	13	least	least	ADJ
cjfa-37579	415	14	squares	square	NOUN
cjfa-37579	415	15	dummy	dummy	ADJ
cjfa-37579	415	16	variable	variable	ADJ
cjfa-37579	415	17	estimator	estimator	NOUN
cjfa-37579	415	18	for	for	ADP
cjfa-37579	415	19	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	415	20	and	and	CCONJ
cjfa-37579	415	21	autocorrelation	autocorrelation	NOUN
cjfa-37579	415	22	and	and	CCONJ
cjfa-37579	415	23	the	the	DET
cjfa-37579	415	24	wald	wald	PROPN
cjfa-37579	415	25	test	test	NOUN
cjfa-37579	415	26	statistic	statistic	NOUN
cjfa-37579	415	27	was	be	AUX
cjfa-37579	415	28	employed	employ	VERB
cjfa-37579	415	29	to	to	PART
cjfa-37579	415	30	test	test	VERB
cjfa-37579	415	31	the	the	DET
cjfa-37579	415	32	null	null	ADJ
cjfa-37579	415	33	hypothesis	hypothesis	NOUN
cjfa-37579	415	34	of	of	ADP
cjfa-37579	415	35	the	the	DET
cjfa-37579	415	36	data	data	NOUN
cjfa-37579	415	37	pool	pool	NOUN
cjfa-37579	415	38	ability	ability	NOUN
cjfa-37579	415	39	these	these	PRON
cjfa-37579	415	40	are	be	AUX
cjfa-37579	415	41	done	do	VERB
cjfa-37579	415	42	to	to	PART
cjfa-37579	415	43	satisfy	satisfy	VERB
cjfa-37579	415	44	the	the	DET
cjfa-37579	415	45	requirements	requirement	NOUN
cjfa-37579	415	46	for	for	ADP
cjfa-37579	415	47	the	the	DET
cjfa-37579	415	48	use	use	NOUN
cjfa-37579	415	49	of	of	ADP
cjfa-37579	415	50	the	the	DET
cjfa-37579	415	51	garch	garch	NOUN
cjfa-37579	415	52	model	model	NOUN
cjfa-37579	415	53	in	in	ADP
cjfa-37579	415	54	a	a	DET
cjfa-37579	415	55	panel	panel	NOUN
cjfa-37579	415	56	data	datum	NOUN
cjfa-37579	415	57	environment	environment	NOUN
cjfa-37579	415	58	according	accord	VERB
cjfa-37579	415	59	to	to	ADP
cjfa-37579	415	60	cermeño	cermeño	NOUN
cjfa-37579	415	61	and	and	CCONJ
cjfa-37579	415	62	grier	grier	PROPN
cjfa-37579	415	63	(	(	PUNCT
cjfa-37579	415	64	2001	2001	NUM
cjfa-37579	415	65	)	)	PUNCT
cjfa-37579	415	66	.	.	PUNCT
cjfa-37579	416	1	results	result	NOUN
cjfa-37579	416	2	and	and	CCONJ
cjfa-37579	416	3	discussion	discussion	NOUN
cjfa-37579	416	4	in	in	ADP
cjfa-37579	416	5	this	this	DET
cjfa-37579	416	6	section	section	NOUN
cjfa-37579	416	7	,	,	PUNCT
cjfa-37579	416	8	the	the	DET
cjfa-37579	416	9	analysis	analysis	NOUN
cjfa-37579	416	10	is	be	AUX
cjfa-37579	416	11	carried	carry	VERB
cjfa-37579	416	12	out	out	ADP
cjfa-37579	416	13	and	and	CCONJ
cjfa-37579	416	14	results	result	NOUN
cjfa-37579	416	15	are	be	AUX
cjfa-37579	416	16	presented	present	VERB
cjfa-37579	416	17	and	and	CCONJ
cjfa-37579	416	18	interpreted	interpret	VERB
cjfa-37579	416	19	.	.	PUNCT
cjfa-37579	417	1	table	table	NOUN
cjfa-37579	417	2	2	2	NUM
cjfa-37579	417	3	.	.	PUNCT
cjfa-37579	417	4	descriptive	descriptive	ADJ
cjfa-37579	417	5	statistics	statistic	NOUN
cjfa-37579	417	6	of	of	ADP
cjfa-37579	417	7	selected	select	VERB
cjfa-37579	417	8	sectoral	sectoral	ADJ
cjfa-37579	417	9	share	share	NOUN
cjfa-37579	417	10	index	index	NOUN
cjfa-37579	417	11	return	return	NOUN
cjfa-37579	417	12	on	on	ADP
cjfa-37579	417	13	the	the	DET
cjfa-37579	417	14	nigerian	nigerian	ADJ
cjfa-37579	417	15	stock	stock	NOUN
cjfa-37579	417	16	exchange	exchange	PROPN
cjfa-37579	417	17	stat	stat	PROPN
cjfa-37579	417	18	variable	variable	ADJ
cjfa-37579	417	19	mean	mean	PROPN
cjfa-37579	417	20	median	median	ADJ
cjfa-37579	417	21	maximum	maximum	ADJ
cjfa-37579	417	22	minimum	minimum	ADJ
cjfa-37579	417	23	std	std	NOUN
cjfa-37579	417	24	.	.	PUNCT
cjfa-37579	418	1	dev	dev	PROPN
cjfa-37579	418	2	.	.	PROPN
cjfa-37579	418	3	skewness	skewness	PROPN
cjfa-37579	418	4	kurtosis	kurtosis	VERB
cjfa-37579	418	5	j.bera	j.bera	NOUN
cjfa-37579	418	6	prob	prob	PROPN
cjfa-37579	418	7	nse30	nse30	VERB
cjfa-37579	418	8	0.001417	0.001417	NUM
cjfa-37579	418	9	0.000421	0.000421	NUM
cjfa-37579	418	10	0.060937	0.060937	NUM
cjfa-37579	418	11	-0.055389	-0.055389	NOUN
cjfa-37579	419	1	0.013190	0.013190	NUM
cjfa-37579	419	2	0.407018	0.407018	NUM
cjfa-37579	419	3	7.958619	7.958619	NUM
cjfa-37579	419	4	261.9745	261.9745	NUM
cjfa-37579	419	5	0.0000	0.0000	NUM
cjfa-37579	419	6	  	  	SPACE
cjfa-37579	419	7	cross	cross	ADJ
cjfa-37579	419	8	-	-	ADJ
cjfa-37579	419	9	section	section	ADJ
cjfa-37579	419	10	return	return	NOUN
cjfa-37579	419	11	variance	variance	NOUN
cjfa-37579	419	12	equation	equation	NOUN
cjfa-37579	419	13	(	(	PUNCT
cjfa-37579	419	14	12	12	NUM
cjfa-37579	419	15	)	)	PUNCT
cjfa-37579	419	16	where	where	SCONJ
cjfa-37579	419	17	where	where	SCONJ
cjfa-37579	419	18	𝑑𝑑	𝑑𝑑	NOUN
cjfa-37579	419	19	�	�	PROPN
cjfa-37579	419	20	�	�	PROPN
cjfa-37579	419	21	�	�	PROPN
cjfa-37579	419	22	�	�	PROPN
cjfa-37579	419	23	=	=	SYM
cjfa-37579	419	24	�	�	PROPN
cjfa-37579	419	25	1	1	NUM
cjfa-37579	419	26	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADJ
cjfa-37579	419	27	𝑖𝑖	𝑖𝑖	PART
cjfa-37579	419	28	�	�	PROPN
cjfa-37579	419	29	�	�	PROPN
cjfa-37579	419	30	�	�	PROPN
cjfa-37579	419	31	�	�	PROPN
cjfa-37579	419	32	<	<	X
cjfa-37579	419	33	0	0	NUM
cjfa-37579	419	34	0	0	NUM
cjfa-37579	419	35	,	,	PUNCT
cjfa-37579	419	36	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-37579	419	37	𝑖𝑖	𝑖𝑖	PART
cjfa-37579	419	38	�	�	PROPN
cjfa-37579	419	39	�	�	PROPN
cjfa-37579	419	40	�	�	PROPN
cjfa-37579	419	41	�	�	PROPN
cjfa-37579	419	42	≥	≥	NUM
cjfa-37579	419	43	0	0	NUM
cjfa-37579	419	44	when	when	SCONJ
cjfa-37579	419	45	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	419	46	�	�	PROPN
cjfa-37579	419	47	�	�	PROPN
cjfa-37579	419	48	�	�	PROPN
cjfa-37579	419	49	�	�	PROPN
cjfa-37579	419	50	indicates	indicate	VERB
cjfa-37579	419	51	positive	positive	ADJ
cjfa-37579	419	52	news	news	NOUN
cjfa-37579	419	53	,	,	PUNCT
cjfa-37579	419	54	the	the	DET
cjfa-37579	419	55	effect	effect	NOUN
cjfa-37579	419	56	would	would	AUX
cjfa-37579	419	57	be	be	AUX
cjfa-37579	419	58	given	give	VERB
cjfa-37579	419	59	as	as	ADP
cjfa-37579	419	60	𝛾𝛾	𝛾𝛾	ADP
cjfa-37579	419	61	�	�	PROPN
cjfa-37579	419	62	�	�	PROPN
cjfa-37579	419	63	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	419	64	�	�	PROPN
cjfa-37579	419	65	�	�	PROPN
cjfa-37579	419	66	�	�	PROPN
cjfa-37579	419	67	�	�	PROPN
cjfa-37579	419	68	�	�	PROPN
cjfa-37579	419	69	,	,	PUNCT
cjfa-37579	419	70	when	when	SCONJ
cjfa-37579	419	71	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	419	72	�	�	PROPN
cjfa-37579	419	73	�	�	PROPN
cjfa-37579	419	74	�	�	PROPN
cjfa-37579	419	75	�	�	PROPN
cjfa-37579	419	76	indicates	indicate	VERB
cjfa-37579	419	77	negative	negative	ADJ
cjfa-37579	419	78	news	news	NOUN
cjfa-37579	419	79	,	,	PUNCT
cjfa-37579	419	80	the	the	DET
cjfa-37579	419	81	effects	effect	NOUN
cjfa-37579	419	82	would	would	AUX
cjfa-37579	419	83	be	be	AUX
cjfa-37579	419	84	given	give	VERB
cjfa-37579	419	85	as	as	ADP
cjfa-37579	419	86	(	(	PUNCT
cjfa-37579	419	87	𝜎𝜎+𝛾𝛾	𝜎𝜎+𝛾𝛾	NOUN
cjfa-37579	419	88	�	�	NOUN
cjfa-37579	419	89	�	�	PROPN
cjfa-37579	419	90	)𝑖𝑖	)𝑖𝑖	PROPN
cjfa-37579	419	91	�	�	PROPN
cjfa-37579	419	92	�	�	PROPN
cjfa-37579	419	93	�	�	PROPN
cjfa-37579	419	94	�	�	PROPN
cjfa-37579	419	95	.	.	PUNCT
cjfa-37579	420	1	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	420	2	�	�	PROPN
cjfa-37579	420	3	�	�	PROPN
cjfa-37579	420	4	is	be	AUX
cjfa-37579	420	5	expected	expect	VERB
cjfa-37579	420	6	to	to	PART
cjfa-37579	420	7	be	be	AUX
cjfa-37579	420	8	positive	positive	ADJ
cjfa-37579	420	9	so	so	SCONJ
cjfa-37579	420	10	that	that	SCONJ
cjfa-37579	420	11	bad	bad	ADJ
cjfa-37579	420	12	news	news	NOUN
cjfa-37579	420	13	would	would	AUX
cjfa-37579	420	14	impact	impact	VERB
cjfa-37579	420	15	volatility	volatility	NOUN
cjfa-37579	420	16	.	.	PUNCT
cjfa-37579	421	1	tgarch	tgarch	PROPN
cjfa-37579	421	2	/	/	SYM
cjfa-37579	421	3	tarch	tarch	NOUN
cjfa-37579	421	4	cross	cross	NOUN
cjfa-37579	421	5	-	-	NOUN
cjfa-37579	421	6	section	section	NOUN
cjfa-37579	421	7	means	mean	VERB
cjfa-37579	421	8	return	return	NOUN
cjfa-37579	421	9	equation	equation	NOUN
cjfa-37579	421	10	and	and	CCONJ
cjfa-37579	421	11	cross	cross	NOUN
cjfa-37579	421	12	-	-	NOUN
cjfa-37579	421	13	section	section	ADJ
cjfa-37579	421	14	return	return	NOUN
cjfa-37579	421	15	variance	variance	NOUN
cjfa-37579	421	16	is	be	AUX
cjfa-37579	421	17	stated	state	VERB
cjfa-37579	421	18	as	as	ADP
cjfa-37579	421	19	:	:	PUNCT
cjfa-37579	421	20	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	421	21	�	�	PROPN
cjfa-37579	421	22	�	�	PROPN
cjfa-37579	421	23	�	�	PROPN
cjfa-37579	421	24	=	=	SYM
cjfa-37579	421	25	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	421	26	𝐶	𝐶	PROPN
cjfa-37579	421	27	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	421	28	�	�	PROPN
cjfa-37579	421	29	�	�	PROPN
cjfa-37579	421	30	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	421	31	�	�	PROPN
cjfa-37579	421	32	�	�	PROPN
cjfa-37579	421	33	�	�	PROPN
cjfa-37579	421	34	�	�	PROPN
cjfa-37579	421	35	�	�	PROPN
cjfa-37579	421	36	𝐶	𝐶	PROPN
cjfa-37579	421	37	𝑖𝑖	𝑖𝑖	PROPN
cjfa-37579	421	38	�	�	PROPN
cjfa-37579	421	39	�	�	PROPN
cjfa-37579	421	40	�	�	PROPN
cjfa-37579	421	41	cross	cross	NOUN
cjfa-37579	421	42	-	-	NOUN
cjfa-37579	421	43	section	section	ADJ
cjfa-37579	421	44	mean	mean	NOUN
cjfa-37579	421	45	return	return	NOUN
cjfa-37579	421	46	equation	equation	NOUN
cjfa-37579	421	47	of	of	ADP
cjfa-37579	421	48	𝐴𝐴𝐴𝐴𝐴𝐴	𝐴𝐴𝐴𝐴𝐴𝐴	PROPN
cjfa-37579	421	49	�	�	PROPN
cjfa-37579	421	50	�	�	PROPN
cjfa-37579	421	51	�	�	PROPN
cjfa-37579	421	52	(	(	PUNCT
cjfa-37579	421	53	11	11	NUM
cjfa-37579	421	54	)	)	PUNCT
cjfa-37579	421	55	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	421	56	�	�	PROPN
cjfa-37579	421	57	�	�	PROPN
cjfa-37579	421	58	�	�	PROPN
cjfa-37579	421	59	=	=	PUNCT
cjfa-37579	421	60	𝜔𝜔	𝜔𝜔	ADP
cjfa-37579	421	61	+	+	ADJ
cjfa-37579	421	62	𝐶𝐶	𝐶𝐶	PROPN
cjfa-37579	421	63	�	�	PROPN
cjfa-37579	421	64	�	�	PROPN
cjfa-37579	421	65	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	421	66	�	�	PROPN
cjfa-37579	421	67	�	�	PROPN
cjfa-37579	421	68	�	�	PROPN
cjfa-37579	421	69	�	�	PROPN
cjfa-37579	421	70	�	�	PROPN
cjfa-37579	421	71	+	+	CCONJ
cjfa-37579	421	72	𝛾𝛾	𝛾𝛾	PROPN
cjfa-37579	421	73	�	�	PROPN
cjfa-37579	421	74	�	�	PROPN
cjfa-37579	421	75	𝑖𝑖	𝑖𝑖	SYM
cjfa-37579	421	76	�	�	PROPN
cjfa-37579	421	77	�	�	PROPN
cjfa-37579	421	78	�	�	PROPN
cjfa-37579	421	79	�	�	PROPN
cjfa-37579	421	80	�	�	PROPN
cjfa-37579	421	81	𝑑𝑑	𝑑𝑑	PROPN
cjfa-37579	421	82	�	�	PROPN
cjfa-37579	421	83	�	�	PROPN
cjfa-37579	421	84	�	�	PROPN
cjfa-37579	421	85	�	�	PROPN
cjfa-37579	421	86	+	+	CCONJ
cjfa-37579	421	87	𝛽𝛽	𝛽𝛽	PROPN
cjfa-37579	421	88	�	�	PROPN
cjfa-37579	421	89	�	�	PROPN
cjfa-37579	421	90	𝜎𝜎	𝜎𝜎	PROPN
cjfa-37579	421	91	�	�	PROPN
cjfa-37579	421	92	�	�	PROPN
cjfa-37579	421	93	�	�	PROPN
cjfa-37579	421	94	�	�	PROPN
cjfa-37579	421	95	�	�	PROPN
cjfa-37579	421	96	cross	cross	NOUN
cjfa-37579	421	97	-	-	ADJ
cjfa-37579	421	98	section	section	ADJ
cjfa-37579	421	99	return	return	NOUN
cjfa-37579	421	100	variance	variance	NOUN
cjfa-37579	421	101	equation	equation	NOUN
cjfa-37579	421	102	(	(	PUNCT
cjfa-37579	421	103	12	12	NUM
cjfa-37579	421	104	)	)	PUNCT
cjfa-37579	421	105	where	where	SCONJ
cjfa-37579	421	106	𝑑𝑑	𝑑𝑑	VERB
cjfa-37579	421	107	�	�	PROPN
cjfa-37579	421	108	�	�	PROPN
cjfa-37579	421	109	�	�	PROPN
cjfa-37579	421	110	�	�	PROPN
cjfa-37579	421	111	=	=	SYM
cjfa-37579	421	112	1	1	NUM
cjfa-37579	421	113	if	if	SCONJ
cjfa-37579	421	114	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	421	115	�	�	PROPN
cjfa-37579	421	116	�	�	PROPN
cjfa-37579	421	117	�	�	PROPN
cjfa-37579	421	118	�	�	PROPN
cjfa-37579	421	119	�	�	PROPN
cjfa-37579	421	120	<	<	X
cjfa-37579	421	121	0	0	NUM
cjfa-37579	421	122	and	and	CCONJ
cjfa-37579	421	123	𝑑𝑑	𝑑𝑑	NOUN
cjfa-37579	421	124	�	�	PROPN
cjfa-37579	421	125	�	�	PROPN
cjfa-37579	421	126	�	�	PROPN
cjfa-37579	421	127	�	�	PROPN
cjfa-37579	421	128	=	=	SYM
cjfa-37579	421	129	0	0	PUNCT
cjfa-37579	421	130	if	if	SCONJ
cjfa-37579	421	131	𝑖𝑖	𝑖𝑖	NOUN
cjfa-37579	421	132	�	�	PROPN
cjfa-37579	421	133	�	�	PROPN
cjfa-37579	421	134	�	�	PROPN
cjfa-37579	421	135	�	�	PROPN
cjfa-37579	421	136	�	�	PROPN
cjfa-37579	421	137	>	>	X
cjfa-37579	421	138	0	0	PROPN
cjfa-37579	421	139	.	.	PUNCT
cjfa-37579	422	1	the	the	DET
cjfa-37579	422	2	a	a	DET
cjfa-37579	422	3	priori	priori	ADJ
cjfa-37579	422	4	expectation	expectation	NOUN
cjfa-37579	422	5	of	of	ADP
cjfa-37579	422	6	tgarch	tgarch	NOUN
cjfa-37579	422	7	specifies	specifie	NOUN
cjfa-37579	422	8	𝛾𝛾	𝛾𝛾	ADP
cjfa-37579	422	9	�	�	PROPN
cjfa-37579	422	10	�	�	PROPN
cjfa-37579	422	11	<	<	X
cjfa-37579	422	12	0	0	NUM
cjfa-37579	422	13	as	as	ADP
cjfa-37579	422	14	a	a	DET
cjfa-37579	422	15	measure	measure	NOUN
cjfa-37579	422	16	of	of	ADP
cjfa-37579	422	17	the	the	DET
cjfa-37579	422	18	impact	impact	NOUN
cjfa-37579	422	19	of	of	ADP
cjfa-37579	422	20	negative	negative	ADJ
cjfa-37579	422	21	news	news	NOUN
cjfa-37579	422	22	on	on	ADP
cjfa-37579	422	23	return	return	NOUN
cjfa-37579	422	24	volatility	volatility	NOUN
cjfa-37579	422	25	persistence	persistence	NOUN
cjfa-37579	422	26	.	.	PUNCT
cjfa-37579	423	1	three	three	NUM
cjfa-37579	423	2	(	(	PUNCT
cjfa-37579	423	3	3	3	X
cjfa-37579	423	4	)	)	PUNCT
cjfa-37579	423	5	conditional	conditional	ADJ
cjfa-37579	423	6	error	error	NOUN
cjfa-37579	423	7	distributions	distribution	NOUN
cjfa-37579	423	8	that	that	PRON
cjfa-37579	423	9	are	be	AUX
cjfa-37579	423	10	:	:	PUNCT
cjfa-37579	423	11	gaussian	gaussian	ADJ
cjfa-37579	423	12	distribution	distribution	NOUN
cjfa-37579	423	13	,	,	PUNCT
cjfa-37579	423	14	student’s	student’s	NOUN
cjfa-37579	423	15	-	-	PUNCT
cjfa-37579	423	16	t	t	NOUN
cjfa-37579	423	17	distribution	distribution	NOUN
cjfa-37579	423	18	and	and	CCONJ
cjfa-37579	423	19	the	the	DET
cjfa-37579	423	20	generalised	generalise	VERB
cjfa-37579	423	21	error	error	NOUN
cjfa-37579	423	22	distribution	distribution	NOUN
cjfa-37579	423	23	(	(	PUNCT
cjfa-37579	423	24	ged	ge	VERB
cjfa-37579	423	25	)	)	PUNCT
cjfa-37579	423	26	were	be	AUX
cjfa-37579	423	27	used	use	VERB
cjfa-37579	423	28	to	to	PART
cjfa-37579	423	29	estimate	estimate	VERB
cjfa-37579	423	30	the	the	DET
cjfa-37579	423	31	parameters	parameter	NOUN
cjfa-37579	423	32	of	of	ADP
cjfa-37579	423	33	the	the	DET
cjfa-37579	423	34	consistent	consistent	ADJ
cjfa-37579	423	35	residuals	residual	NOUN
cjfa-37579	423	36	of	of	ADP
cjfa-37579	423	37	the	the	DET
cjfa-37579	423	38	models	model	NOUN
cjfa-37579	423	39	.	.	PUNCT
cjfa-37579	424	1	estimation	estimation	NOUN
cjfa-37579	424	2	procedure	procedure	NOUN
cjfa-37579	424	3	the	the	DET
cjfa-37579	424	4	estimation	estimation	NOUN
cjfa-37579	424	5	procedure	procedure	NOUN
cjfa-37579	424	6	involves	involve	VERB
cjfa-37579	424	7	the	the	DET
cjfa-37579	424	8	estimation	estimation	NOUN
cjfa-37579	424	9	of	of	ADP
cjfa-37579	424	10	the	the	DET
cjfa-37579	424	11	descriptive	descriptive	ADJ
cjfa-37579	424	12	statistics	statistic	NOUN
cjfa-37579	424	13	of	of	ADP
cjfa-37579	424	14	each	each	DET
cjfa-37579	424	15	sectoral	sectoral	ADJ
cjfa-37579	424	16	return	return	NOUN
cjfa-37579	424	17	series	series	NOUN
cjfa-37579	424	18	,	,	PUNCT
cjfa-37579	424	19	the	the	DET
cjfa-37579	424	20	univariate	univariate	ADJ
cjfa-37579	424	21	and	and	CCONJ
cjfa-37579	424	22	panel	panel	NOUN
cjfa-37579	424	23	data	datum	NOUN
cjfa-37579	424	24	unit	unit	NOUN
cjfa-37579	424	25	-	-	PUNCT
cjfa-37579	424	26	root	root	NOUN
cjfa-37579	424	27	pre	pre	ADJ
cjfa-37579	424	28	-	-	ADJ
cjfa-37579	424	29	testing	testing	NOUN
cjfa-37579	424	30	of	of	ADP
cjfa-37579	424	31	the	the	DET
cjfa-37579	424	32	series	series	NOUN
cjfa-37579	424	33	to	to	PART
cjfa-37579	424	34	establish	establish	VERB
cjfa-37579	424	35	the	the	DET
cjfa-37579	424	36	absence	absence	NOUN
cjfa-37579	424	37	of	of	ADP
cjfa-37579	424	38	unit	unit	NOUN
cjfa-37579	424	39	root	root	NOUN
cjfa-37579	424	40	were	be	AUX
cjfa-37579	424	41	conducted	conduct	VERB
cjfa-37579	424	42	.	.	PUNCT
cjfa-37579	425	1	the	the	DET
cjfa-37579	425	2	effect	effect	NOUN
cjfa-37579	425	3	of	of	ADP
cjfa-37579	425	4	sectoral	sectoral	ADJ
cjfa-37579	425	5	-	-	PUNCT
cjfa-37579	425	6	specific	specific	NOUN
cjfa-37579	425	7	was	be	AUX
cjfa-37579	425	8	tested	test	VERB
cjfa-37579	425	9	with	with	ADP
cjfa-37579	425	10	the	the	DET
cjfa-37579	425	11	use	use	NOUN
cjfa-37579	425	12	of	of	ADP
cjfa-37579	425	13	least	least	ADJ
cjfa-37579	425	14	squares	square	NOUN
cjfa-37579	425	15	dummy	dummy	ADJ
cjfa-37579	425	16	variable	variable	ADJ
cjfa-37579	425	17	estimator	estimator	NOUN
cjfa-37579	425	18	for	for	ADP
cjfa-37579	425	19	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	425	20	and	and	CCONJ
cjfa-37579	425	21	autocorrelation	autocorrelation	NOUN
cjfa-37579	425	22	and	and	CCONJ
cjfa-37579	425	23	the	the	DET
cjfa-37579	425	24	wald	wald	PROPN
cjfa-37579	425	25	test	test	NOUN
cjfa-37579	425	26	statistic	statistic	NOUN
cjfa-37579	425	27	was	be	AUX
cjfa-37579	425	28	employed	employ	VERB
cjfa-37579	425	29	to	to	PART
cjfa-37579	425	30	test	test	VERB
cjfa-37579	425	31	the	the	DET
cjfa-37579	425	32	null	null	ADJ
cjfa-37579	425	33	hypothesis	hypothesis	NOUN
cjfa-37579	425	34	of	of	ADP
cjfa-37579	425	35	the	the	DET
cjfa-37579	425	36	data	data	NOUN
cjfa-37579	425	37	pool	pool	NOUN
cjfa-37579	425	38	ability	ability	NOUN
cjfa-37579	425	39	these	these	PRON
cjfa-37579	425	40	are	be	AUX
cjfa-37579	425	41	done	do	VERB
cjfa-37579	425	42	to	to	PART
cjfa-37579	425	43	satisfy	satisfy	VERB
cjfa-37579	425	44	the	the	DET
cjfa-37579	425	45	requirements	requirement	NOUN
cjfa-37579	425	46	for	for	ADP
cjfa-37579	425	47	the	the	DET
cjfa-37579	425	48	use	use	NOUN
cjfa-37579	425	49	of	of	ADP
cjfa-37579	425	50	the	the	DET
cjfa-37579	425	51	garch	garch	NOUN
cjfa-37579	425	52	model	model	NOUN
cjfa-37579	425	53	in	in	ADP
cjfa-37579	425	54	a	a	DET
cjfa-37579	425	55	panel	panel	NOUN
cjfa-37579	425	56	data	datum	NOUN
cjfa-37579	425	57	environment	environment	NOUN
cjfa-37579	425	58	according	accord	VERB
cjfa-37579	425	59	to	to	ADP
cjfa-37579	425	60	cermeño	cermeño	NOUN
cjfa-37579	425	61	and	and	CCONJ
cjfa-37579	425	62	grier	grier	PROPN
cjfa-37579	425	63	(	(	PUNCT
cjfa-37579	425	64	2001	2001	NUM
cjfa-37579	425	65	)	)	PUNCT
cjfa-37579	425	66	.	.	PUNCT
cjfa-37579	426	1	results	result	NOUN
cjfa-37579	426	2	and	and	CCONJ
cjfa-37579	426	3	discussion	discussion	NOUN
cjfa-37579	426	4	in	in	ADP
cjfa-37579	426	5	this	this	DET
cjfa-37579	426	6	section	section	NOUN
cjfa-37579	426	7	,	,	PUNCT
cjfa-37579	426	8	the	the	DET
cjfa-37579	426	9	analysis	analysis	NOUN
cjfa-37579	426	10	is	be	AUX
cjfa-37579	426	11	carried	carry	VERB
cjfa-37579	426	12	out	out	ADP
cjfa-37579	426	13	and	and	CCONJ
cjfa-37579	426	14	results	result	NOUN
cjfa-37579	426	15	are	be	AUX
cjfa-37579	426	16	presented	present	VERB
cjfa-37579	426	17	and	and	CCONJ
cjfa-37579	426	18	interpreted	interpret	VERB
cjfa-37579	426	19	.	.	PUNCT
cjfa-37579	427	1	table	table	NOUN
cjfa-37579	427	2	2	2	NUM
cjfa-37579	427	3	.	.	PUNCT
cjfa-37579	427	4	descriptive	descriptive	ADJ
cjfa-37579	427	5	statistics	statistic	NOUN
cjfa-37579	427	6	of	of	ADP
cjfa-37579	427	7	selected	select	VERB
cjfa-37579	427	8	sectoral	sectoral	ADJ
cjfa-37579	427	9	share	share	NOUN
cjfa-37579	427	10	index	index	NOUN
cjfa-37579	427	11	return	return	NOUN
cjfa-37579	427	12	on	on	ADP
cjfa-37579	427	13	the	the	DET
cjfa-37579	427	14	nigerian	nigerian	ADJ
cjfa-37579	427	15	stock	stock	NOUN
cjfa-37579	427	16	exchange	exchange	PROPN
cjfa-37579	427	17	stat	stat	PROPN
cjfa-37579	427	18	variable	variable	ADJ
cjfa-37579	427	19	mean	mean	PROPN
cjfa-37579	427	20	median	median	ADJ
cjfa-37579	427	21	maximum	maximum	ADJ
cjfa-37579	427	22	minimum	minimum	ADJ
cjfa-37579	427	23	std	std	NOUN
cjfa-37579	427	24	.	.	PUNCT
cjfa-37579	428	1	dev	dev	PROPN
cjfa-37579	428	2	.	.	PROPN
cjfa-37579	428	3	skewness	skewness	PROPN
cjfa-37579	428	4	kurtosis	kurtosis	VERB
cjfa-37579	428	5	j.bera	j.bera	NOUN
cjfa-37579	428	6	prob	prob	PROPN
cjfa-37579	428	7	nse30	nse30	VERB
cjfa-37579	428	8	0.001417	0.001417	NUM
cjfa-37579	428	9	0.000421	0.000421	NUM
cjfa-37579	428	10	0.060937	0.060937	NUM
cjfa-37579	428	11	-0.055389	-0.055389	NOUN
cjfa-37579	429	1	0.013190	0.013190	NUM
cjfa-37579	429	2	0.407018	0.407018	NUM
cjfa-37579	429	3	7.958619	7.958619	NUM
cjfa-37579	429	4	261.9745	261.9745	NUM
cjfa-37579	429	5	0.0000	0.0000	NUM
cjfa-37579	429	6	the	the	DET
cjfa-37579	429	7	a	a	DET
cjfa-37579	429	8	priori	priori	ADJ
cjfa-37579	429	9	expectation	expectation	NOUN
cjfa-37579	429	10	of	of	ADP
cjfa-37579	429	11	tgarch	tgarch	NOUN
cjfa-37579	429	12	specifies	specifie	NOUN
cjfa-37579	429	13	γit	γit	X
cjfa-37579	430	1	<	<	X
cjfa-37579	430	2	0	0	PUNCT
cjfa-37579	430	3	as	as	ADP
cjfa-37579	430	4	a	a	DET
cjfa-37579	430	5	measure	measure	NOUN
cjfa-37579	430	6	of	of	ADP
cjfa-37579	430	7	the	the	DET
cjfa-37579	430	8	impact	impact	NOUN
cjfa-37579	430	9	of	of	ADP
cjfa-37579	430	10	negative	negative	ADJ
cjfa-37579	430	11	news	news	NOUN
cjfa-37579	430	12	on	on	ADP
cjfa-37579	430	13	return	return	NOUN
cjfa-37579	430	14	volatility	volatility	NOUN
cjfa-37579	430	15	persistence	persistence	NOUN
cjfa-37579	430	16	.	.	PUNCT
cjfa-37579	431	1	risk	risk	NOUN
cjfa-37579	431	2	-	-	PUNCT
cjfa-37579	431	3	return	return	NOUN
cjfa-37579	431	4	relationship	relationship	NOUN
cjfa-37579	431	5	in	in	ADP
cjfa-37579	431	6	the	the	DET
cjfa-37579	431	7	nigerian	nigerian	ADJ
cjfa-37579	431	8	stock	stock	NOUN
cjfa-37579	431	9	market	market	NOUN
cjfa-37579	431	10	…	…	PUNCT
cjfa-37579	431	11	107	107	NUM
cjfa-37579	431	12	three	three	NUM
cjfa-37579	431	13	(	(	PUNCT
cjfa-37579	431	14	3	3	X
cjfa-37579	431	15	)	)	PUNCT
cjfa-37579	431	16	conditional	conditional	ADJ
cjfa-37579	431	17	error	error	NOUN
cjfa-37579	431	18	distributions	distribution	NOUN
cjfa-37579	431	19	that	that	PRON
cjfa-37579	431	20	are	be	AUX
cjfa-37579	431	21	:	:	PUNCT
cjfa-37579	431	22	gaussian	gaussian	ADJ
cjfa-37579	431	23	distribution	distribution	NOUN
cjfa-37579	431	24	,	,	PUNCT
cjfa-37579	431	25	student’s	student’s	NOUN
cjfa-37579	431	26	-	-	PUNCT
cjfa-37579	431	27	t	t	NOUN
cjfa-37579	431	28	distribution	distribution	NOUN
cjfa-37579	431	29	and	and	CCONJ
cjfa-37579	431	30	the	the	DET
cjfa-37579	431	31	generalised	generalise	VERB
cjfa-37579	431	32	error	error	NOUN
cjfa-37579	431	33	distribution	distribution	NOUN
cjfa-37579	431	34	(	(	PUNCT
cjfa-37579	431	35	ged	ge	VERB
cjfa-37579	431	36	)	)	PUNCT
cjfa-37579	431	37	were	be	AUX
cjfa-37579	431	38	used	use	VERB
cjfa-37579	431	39	to	to	PART
cjfa-37579	431	40	estimate	estimate	VERB
cjfa-37579	431	41	the	the	DET
cjfa-37579	431	42	parameters	parameter	NOUN
cjfa-37579	431	43	of	of	ADP
cjfa-37579	431	44	the	the	DET
cjfa-37579	431	45	consistent	consistent	ADJ
cjfa-37579	431	46	residuals	residual	NOUN
cjfa-37579	431	47	of	of	ADP
cjfa-37579	431	48	the	the	DET
cjfa-37579	431	49	models	model	NOUN
cjfa-37579	431	50	.	.	PUNCT
cjfa-37579	432	1	estimation	estimation	NOUN
cjfa-37579	432	2	procedure	procedure	NOUN
cjfa-37579	432	3	the	the	DET
cjfa-37579	432	4	estimation	estimation	NOUN
cjfa-37579	432	5	procedure	procedure	NOUN
cjfa-37579	432	6	involves	involve	VERB
cjfa-37579	432	7	the	the	DET
cjfa-37579	432	8	estimation	estimation	NOUN
cjfa-37579	432	9	of	of	ADP
cjfa-37579	432	10	the	the	DET
cjfa-37579	432	11	descriptive	descriptive	ADJ
cjfa-37579	432	12	statistics	statistic	NOUN
cjfa-37579	432	13	of	of	ADP
cjfa-37579	432	14	each	each	DET
cjfa-37579	432	15	sectoral	sectoral	ADJ
cjfa-37579	432	16	return	return	NOUN
cjfa-37579	432	17	series	series	NOUN
cjfa-37579	432	18	,	,	PUNCT
cjfa-37579	432	19	the	the	DET
cjfa-37579	432	20	univariate	univariate	ADJ
cjfa-37579	432	21	and	and	CCONJ
cjfa-37579	432	22	panel	panel	NOUN
cjfa-37579	432	23	data	datum	NOUN
cjfa-37579	432	24	unit	unit	NOUN
cjfa-37579	432	25	-	-	PUNCT
cjfa-37579	432	26	root	root	NOUN
cjfa-37579	432	27	pre	pre	ADJ
cjfa-37579	432	28	-	-	ADJ
cjfa-37579	432	29	testing	testing	NOUN
cjfa-37579	432	30	of	of	ADP
cjfa-37579	432	31	the	the	DET
cjfa-37579	432	32	series	series	NOUN
cjfa-37579	432	33	to	to	PART
cjfa-37579	432	34	establish	establish	VERB
cjfa-37579	432	35	the	the	DET
cjfa-37579	432	36	absence	absence	NOUN
cjfa-37579	432	37	of	of	ADP
cjfa-37579	432	38	unit	unit	NOUN
cjfa-37579	432	39	root	root	NOUN
cjfa-37579	432	40	were	be	AUX
cjfa-37579	432	41	conducted	conduct	VERB
cjfa-37579	432	42	.	.	PUNCT
cjfa-37579	433	1	the	the	DET
cjfa-37579	433	2	effect	effect	NOUN
cjfa-37579	433	3	of	of	ADP
cjfa-37579	433	4	sectoral	sectoral	ADJ
cjfa-37579	433	5	-	-	PUNCT
cjfa-37579	433	6	specific	specific	NOUN
cjfa-37579	433	7	was	be	AUX
cjfa-37579	433	8	tested	test	VERB
cjfa-37579	433	9	with	with	ADP
cjfa-37579	433	10	the	the	DET
cjfa-37579	433	11	use	use	NOUN
cjfa-37579	433	12	of	of	ADP
cjfa-37579	433	13	least	least	ADJ
cjfa-37579	433	14	squares	square	NOUN
cjfa-37579	433	15	dummy	dummy	ADJ
cjfa-37579	433	16	variable	variable	ADJ
cjfa-37579	433	17	estimator	estimator	NOUN
cjfa-37579	433	18	for	for	ADP
cjfa-37579	433	19	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	433	20	and	and	CCONJ
cjfa-37579	433	21	autocorrelation	autocorrelation	NOUN
cjfa-37579	433	22	and	and	CCONJ
cjfa-37579	433	23	the	the	DET
cjfa-37579	433	24	wald	wald	PROPN
cjfa-37579	433	25	test	test	NOUN
cjfa-37579	433	26	statistic	statistic	NOUN
cjfa-37579	433	27	was	be	AUX
cjfa-37579	433	28	employed	employ	VERB
cjfa-37579	433	29	to	to	PART
cjfa-37579	433	30	test	test	VERB
cjfa-37579	433	31	the	the	DET
cjfa-37579	433	32	null	null	ADJ
cjfa-37579	433	33	hypothesis	hypothesis	NOUN
cjfa-37579	433	34	of	of	ADP
cjfa-37579	433	35	the	the	DET
cjfa-37579	433	36	data	data	NOUN
cjfa-37579	433	37	pool	pool	NOUN
cjfa-37579	433	38	ability	ability	NOUN
cjfa-37579	433	39	these	these	PRON
cjfa-37579	433	40	are	be	AUX
cjfa-37579	433	41	done	do	VERB
cjfa-37579	433	42	to	to	PART
cjfa-37579	433	43	satisfy	satisfy	VERB
cjfa-37579	433	44	the	the	DET
cjfa-37579	433	45	requirements	requirement	NOUN
cjfa-37579	433	46	for	for	ADP
cjfa-37579	433	47	the	the	DET
cjfa-37579	433	48	use	use	NOUN
cjfa-37579	433	49	of	of	ADP
cjfa-37579	433	50	the	the	DET
cjfa-37579	433	51	garch	garch	NOUN
cjfa-37579	433	52	model	model	NOUN
cjfa-37579	433	53	in	in	ADP
cjfa-37579	433	54	a	a	DET
cjfa-37579	433	55	panel	panel	NOUN
cjfa-37579	433	56	data	datum	NOUN
cjfa-37579	433	57	environment	environment	NOUN
cjfa-37579	433	58	according	accord	VERB
cjfa-37579	433	59	to	to	ADP
cjfa-37579	433	60	cermeño	cermeño	NOUN
cjfa-37579	433	61	and	and	CCONJ
cjfa-37579	433	62	grier	grier	PROPN
cjfa-37579	433	63	(	(	PUNCT
cjfa-37579	433	64	2001	2001	NUM
cjfa-37579	433	65	)	)	PUNCT
cjfa-37579	433	66	.	.	PUNCT
cjfa-37579	434	1	results	result	NOUN
cjfa-37579	434	2	and	and	CCONJ
cjfa-37579	434	3	discussion	discussion	NOUN
cjfa-37579	434	4	in	in	ADP
cjfa-37579	434	5	this	this	DET
cjfa-37579	434	6	section	section	NOUN
cjfa-37579	434	7	,	,	PUNCT
cjfa-37579	434	8	the	the	DET
cjfa-37579	434	9	analysis	analysis	NOUN
cjfa-37579	434	10	is	be	AUX
cjfa-37579	434	11	carried	carry	VERB
cjfa-37579	434	12	out	out	ADP
cjfa-37579	434	13	and	and	CCONJ
cjfa-37579	434	14	results	result	NOUN
cjfa-37579	434	15	are	be	AUX
cjfa-37579	434	16	presented	present	VERB
cjfa-37579	434	17	and	and	CCONJ
cjfa-37579	434	18	interpreted	interpret	VERB
cjfa-37579	434	19	.	.	PUNCT
cjfa-37579	435	1	table	table	NOUN
cjfa-37579	435	2	2	2	NUM
cjfa-37579	435	3	.	.	PUNCT
cjfa-37579	435	4	descriptive	descriptive	ADJ
cjfa-37579	435	5	statistics	statistic	NOUN
cjfa-37579	435	6	of	of	ADP
cjfa-37579	435	7	selected	select	VERB
cjfa-37579	435	8	sectoral	sectoral	ADJ
cjfa-37579	435	9	share	share	NOUN
cjfa-37579	435	10	index	index	NOUN
cjfa-37579	435	11	return	return	NOUN
cjfa-37579	435	12	on	on	ADP
cjfa-37579	435	13	the	the	DET
cjfa-37579	435	14	nigerian	nigerian	ADJ
cjfa-37579	435	15	stock	stock	NOUN
cjfa-37579	435	16	exchange	exchange	PROPN
cjfa-37579	435	17	stat	stat	PROPN
cjfa-37579	435	18	variable	variable	ADJ
cjfa-37579	435	19	mean	mean	PROPN
cjfa-37579	435	20	median	median	ADJ
cjfa-37579	435	21	maximum	maximum	ADJ
cjfa-37579	435	22	minimum	minimum	ADJ
cjfa-37579	435	23	std	std	NOUN
cjfa-37579	435	24	.	.	PUNCT
cjfa-37579	436	1	dev	dev	PROPN
cjfa-37579	436	2	.	.	PROPN
cjfa-37579	436	3	skewness	skewness	PROPN
cjfa-37579	436	4	kurtosis	kurtosis	VERB
cjfa-37579	436	5	j.bera	j.bera	NOUN
cjfa-37579	436	6	prob	prob	PROPN
cjfa-37579	436	7	nse30	nse30	VERB
cjfa-37579	436	8	0.001417	0.001417	NUM
cjfa-37579	436	9	0.000421	0.000421	NUM
cjfa-37579	436	10	0.060937	0.060937	NUM
cjfa-37579	436	11	-0.055389	-0.055389	NOUN
cjfa-37579	437	1	0.013190	0.013190	NUM
cjfa-37579	437	2	0.407018	0.407018	NUM
cjfa-37579	437	3	7.958619	7.958619	NUM
cjfa-37579	437	4	261.9745	261.9745	NUM
cjfa-37579	437	5	0.0000	0.0000	NUM
cjfa-37579	437	6	nse50	nse50	NOUN
cjfa-37579	437	7	0.001051	0.001051	NUM
cjfa-37579	437	8	0.000251	0.000251	NUM
cjfa-37579	437	9	0.199894	0.199894	NUM
cjfa-37579	437	10	-0.116283	-0.116283	NOUN
cjfa-37579	438	1	0.021080	0.021080	NUM
cjfa-37579	438	2	2.683139	2.683139	NUM
cjfa-37579	438	3	37.44343	37.44343	NUM
cjfa-37579	438	4	12759.04	12759.04	NUM
cjfa-37579	438	5	0.0000	0.0000	NUM
cjfa-37579	438	6	nseban	nseban	NOUN
cjfa-37579	438	7	0.000743	0.000743	NUM
cjfa-37579	438	8	0.000000	0.000000	NUM
cjfa-37579	438	9	0.079884	0.079884	NUM
cjfa-37579	438	10	-0.127868	-0.127868	VERB
cjfa-37579	438	11	0.026560	0.026560	NUM
cjfa-37579	438	12	-0.595542	-0.595542	NOUN
cjfa-37579	438	13	6.472291	6.472291	NUM
cjfa-37579	438	14	139.8081	139.8081	NUM
cjfa-37579	438	15	0.0000	0.0000	NUM
cjfa-37579	438	16	nsecon	nsecon	NOUN
cjfa-37579	438	17	0.000288	0.000288	NUM
cjfa-37579	438	18	-0.000017	-0.000017	NOUN
cjfa-37579	438	19	0.225520	0.225520	NUM
cjfa-37579	438	20	-0.174956	-0.174956	NOUN
cjfa-37579	438	21	0.029467	0.029467	NUM
cjfa-37579	439	1	1.863450	1.863450	NUM
cjfa-37579	439	2	34.07173	34.07173	NUM
cjfa-37579	439	3	10160.68	10160.68	NUM
cjfa-37579	439	4	0.0000	0.0000	NUM
cjfa-37579	439	5	nseind	nseind	NOUN
cjfa-37579	439	6	0.002787	0.002787	NUM
cjfa-37579	439	7	0.000036	0.000036	NUM
cjfa-37579	439	8	0.086508	0.086508	NUM
cjfa-37579	439	9	-0.075006	-0.075006	NOUN
cjfa-37579	439	10	0.019561	0.019561	NUM
cjfa-37579	440	1	0.630845	0.630845	NUM
cjfa-37579	440	2	7.282481	7.282481	NUM
cjfa-37579	440	3	206.7894	206.7894	NUM
cjfa-37579	440	4	0.0000	0.0000	NUM
cjfa-37579	440	5	nseins	nsein	NOUN
cjfa-37579	440	6	0.001771	0.001771	NUM
cjfa-37579	440	7	0.002363	0.002363	NUM
cjfa-37579	440	8	0.061560	0.061560	NUM
cjfa-37579	440	9	-0.056696	-0.056696	NOUN
cjfa-37579	440	10	0.015838	0.015838	NUM
cjfa-37579	440	11	-0.006462	-0.006462	VERB
cjfa-37579	440	12	4.693598	4.693598	NUM
cjfa-37579	440	13	29.76007	29.76007	NUM
cjfa-37579	440	14	0.0000	0.0000	NUM
cjfa-37579	440	15	nseisl	nseisl	NOUN
cjfa-37579	440	16	0.001849	0.001849	NUM
cjfa-37579	440	17	0.000381	0.000381	NUM
cjfa-37579	440	18	0.054492	0.054492	NUM
cjfa-37579	440	19	-0.044845	-0.044845	NOUN
cjfa-37579	440	20	0.013018	0.013018	NUM
cjfa-37579	440	21	0.507936	0.507936	NUM
cjfa-37579	440	22	6.914825	6.914825	NUM
cjfa-37579	440	23	169.7127	169.7127	NUM
cjfa-37579	440	24	0.0000	0.0000	NUM
cjfa-37579	440	25	nseoil	nseoil	NOUN
cjfa-37579	440	26	-0.000512	-0.000512	NOUN
cjfa-37579	441	1	0.000000	0.000000	NUM
cjfa-37579	441	2	0.052420	0.052420	NUM
cjfa-37579	441	3	-0.056970	-0.056970	NOUN
cjfa-37579	441	4	0.013119	0.013119	NUM
cjfa-37579	441	5	-0.827499	-0.827499	NOUN
cjfa-37579	441	6	9.643415	9.643415	NUM
cjfa-37579	441	7	486.3175	486.3175	NUM
cjfa-37579	441	8	0.0000	0.0000	NUM
cjfa-37579	441	9	nsepen	nsepen	VERB
cjfa-37579	441	10	0.001234	0.001234	NUM
cjfa-37579	441	11	0.000000	0.000000	NUM
cjfa-37579	441	12	0.096402	0.096402	NUM
cjfa-37579	441	13	-0.089618	-0.089618	PUNCT
cjfa-37579	442	1	0.015971	0.015971	NUM
cjfa-37579	442	2	0.453358	0.453358	NUM
cjfa-37579	442	3	13.09519	13.09519	NUM
cjfa-37579	442	4	1065.876	1065.876	NUM
cjfa-37579	442	5	0.0000	0.0000	NUM
cjfa-37579	442	6	kamaldeen	kamaldeen	VERB
cjfa-37579	442	7	ibraheem	ibraheem	PROPN
cjfa-37579	442	8	nageri108	nageri108	PROPN
cjfa-37579	442	9	stat	stat	VERB
cjfa-37579	442	10	variable	variable	ADJ
cjfa-37579	442	11	mean	mean	NOUN
cjfa-37579	442	12	median	median	ADJ
cjfa-37579	442	13	maximum	maximum	ADJ
cjfa-37579	442	14	minimum	minimum	ADJ
cjfa-37579	442	15	std	std	NOUN
cjfa-37579	442	16	.	.	PUNCT
cjfa-37579	443	1	dev	dev	PROPN
cjfa-37579	443	2	.	.	PROPN
cjfa-37579	443	3	skewness	skewness	PROPN
cjfa-37579	443	4	kurtosis	kurtosis	VERB
cjfa-37579	443	5	j.bera	j.bera	NOUN
cjfa-37579	443	6	prob	prob	PROPN
cjfa-37579	443	7	nsepre	nsepre	PROPN
cjfa-37579	443	8	0.020182	0.020182	PROPN
cjfa-37579	444	1	0.000161	0.000161	NUM
cjfa-37579	444	2	1.036042	1.036042	NUM
cjfa-37579	444	3	-0.502876	-0.502876	NOUN
cjfa-37579	445	1	0.212936	0.212936	NUM
cjfa-37579	445	2	3.041523	3.041523	NUM
cjfa-37579	445	3	17.78441	17.78441	NUM
cjfa-37579	445	4	2651.665	2651.665	NUM
cjfa-37579	445	5	0.0000	0.0000	NUM
cjfa-37579	445	6	nseall	nseall	NOUN
cjfa-37579	445	7	0.003081	0.003081	NUM
cjfa-37579	445	8	0.000028	0.000028	NUM
cjfa-37579	445	9	1.023604	1.023604	NUM
cjfa-37579	445	10	-0.502876	-0.502876	NOUN
cjfa-37579	446	1	0.069947	0.069947	NUM
cjfa-37579	446	2	9.227151	9.227151	NUM
cjfa-37579	446	3	160.4829	160.4829	NUM
cjfa-37579	446	4	2608424	2608424	NUM
cjfa-37579	446	5	0.0000	0.0000	NUM
cjfa-37579	446	6	s	s	PART
cjfa-37579	446	7	o	o	NOUN
cjfa-37579	446	8	u	u	NOUN
cjfa-37579	446	9	r	r	NOUN
cjfa-37579	446	10	c	c	NOUN
cjfa-37579	446	11	e	e	NOUN
cjfa-37579	446	12	:	:	PUNCT
cjfa-37579	446	13	authors	author	NOUN
cjfa-37579	446	14	computation	computation	VERB
cjfa-37579	446	15	,	,	PUNCT
cjfa-37579	446	16	2020	2020	NUM
cjfa-37579	446	17	.	.	PUNCT
cjfa-37579	447	1	table	table	NOUN
cjfa-37579	447	2	2	2	NUM
cjfa-37579	447	3	indicates	indicate	VERB
cjfa-37579	447	4	that	that	SCONJ
cjfa-37579	447	5	the	the	DET
cjfa-37579	447	6	mean	mean	ADJ
cjfa-37579	447	7	return	return	NOUN
cjfa-37579	447	8	of	of	ADP
cjfa-37579	447	9	the	the	DET
cjfa-37579	447	10	sectoral	sectoral	ADJ
cjfa-37579	447	11	indices	index	NOUN
cjfa-37579	447	12	is	be	AUX
cjfa-37579	447	13	positive	positive	ADJ
cjfa-37579	447	14	except	except	SCONJ
cjfa-37579	447	15	for	for	ADP
cjfa-37579	447	16	the	the	DET
cjfa-37579	447	17	mean	mean	ADJ
cjfa-37579	447	18	return	return	NOUN
cjfa-37579	447	19	of	of	ADP
cjfa-37579	447	20	nseoil	nseoil	NOUN
cjfa-37579	447	21	while	while	SCONJ
cjfa-37579	447	22	the	the	DET
cjfa-37579	447	23	median	median	ADJ
cjfa-37579	447	24	return	return	NOUN
cjfa-37579	447	25	of	of	ADP
cjfa-37579	447	26	nsecon	nsecon	PROPN
cjfa-37579	447	27	is	be	AUX
cjfa-37579	447	28	negative	negative	ADJ
cjfa-37579	447	29	and	and	CCONJ
cjfa-37579	447	30	all	all	DET
cjfa-37579	447	31	other	other	ADJ
cjfa-37579	447	32	sectoral	sectoral	ADJ
cjfa-37579	447	33	median	median	ADJ
cjfa-37579	447	34	returns	return	NOUN
cjfa-37579	447	35	are	be	AUX
cjfa-37579	447	36	positive	positive	ADJ
cjfa-37579	447	37	.	.	PUNCT
cjfa-37579	448	1	all	all	DET
cjfa-37579	448	2	the	the	DET
cjfa-37579	448	3	series	series	NOUN
cjfa-37579	448	4	exhibit	exhibit	VERB
cjfa-37579	448	5	positive	positive	ADJ
cjfa-37579	448	6	maximum	maximum	ADJ
cjfa-37579	448	7	returns	return	NOUN
cjfa-37579	448	8	with	with	ADP
cjfa-37579	448	9	all	all	PRON
cjfa-37579	448	10	showing	show	VERB
cjfa-37579	448	11	negative	negative	ADJ
cjfa-37579	448	12	minimum	minimum	ADJ
cjfa-37579	448	13	returns	return	NOUN
cjfa-37579	448	14	during	during	ADP
cjfa-37579	448	15	the	the	DET
cjfa-37579	448	16	covid-19	covid-19	PROPN
cjfa-37579	448	17	year	year	NOUN
cjfa-37579	448	18	.	.	PUNCT
cjfa-37579	449	1	the	the	DET
cjfa-37579	449	2	standard	standard	ADJ
cjfa-37579	449	3	deviations	deviation	NOUN
cjfa-37579	449	4	of	of	ADP
cjfa-37579	449	5	all	all	DET
cjfa-37579	449	6	the	the	DET
cjfa-37579	449	7	return	return	NOUN
cjfa-37579	449	8	series	series	NOUN
cjfa-37579	449	9	are	be	AUX
cjfa-37579	449	10	low	low	ADJ
cjfa-37579	449	11	at	at	ADP
cjfa-37579	449	12	a	a	DET
cjfa-37579	449	13	maximum	maximum	NOUN
cjfa-37579	449	14	of	of	ADP
cjfa-37579	449	15	3	3	NUM
cjfa-37579	449	16	%	%	NOUN
cjfa-37579	449	17	except	except	SCONJ
cjfa-37579	449	18	for	for	ADP
cjfa-37579	449	19	nsepre	nsepre	NOUN
cjfa-37579	449	20	with	with	ADP
cjfa-37579	449	21	the	the	DET
cjfa-37579	449	22	jarque	jarque	NOUN
cjfa-37579	449	23	-	-	PUNCT
cjfa-37579	449	24	bera	bera	NOUN
cjfa-37579	449	25	p	p	NOUN
cjfa-37579	449	26	-	-	PUNCT
cjfa-37579	449	27	values	value	NOUN
cjfa-37579	449	28	are	be	AUX
cjfa-37579	449	29	all	all	PRON
cjfa-37579	449	30	statistically	statistically	ADV
cjfa-37579	449	31	significant	significant	ADJ
cjfa-37579	449	32	at	at	ADP
cjfa-37579	449	33	5	5	NUM
cjfa-37579	449	34	%	%	NOUN
cjfa-37579	449	35	indicating	indicate	VERB
cjfa-37579	449	36	a	a	DET
cjfa-37579	449	37	normal	normal	ADJ
cjfa-37579	449	38	distribution	distribution	NOUN
cjfa-37579	449	39	of	of	ADP
cjfa-37579	449	40	the	the	DET
cjfa-37579	449	41	return	return	NOUN
cjfa-37579	449	42	series	series	NOUN
cjfa-37579	449	43	.	.	PUNCT
cjfa-37579	450	1	the	the	DET
cjfa-37579	450	2	pooled	pooled	ADJ
cjfa-37579	450	3	series	series	NOUN
cjfa-37579	450	4	(	(	PUNCT
cjfa-37579	450	5	nseall	nseall	ADV
cjfa-37579	450	6	)	)	PUNCT
cjfa-37579	450	7	has	have	VERB
cjfa-37579	450	8	a	a	DET
cjfa-37579	450	9	positive	positive	ADJ
cjfa-37579	450	10	mean	mean	NOUN
cjfa-37579	450	11	and	and	CCONJ
cjfa-37579	450	12	median	median	ADJ
cjfa-37579	450	13	return	return	NOUN
cjfa-37579	450	14	,	,	PUNCT
cjfa-37579	450	15	positive	positive	ADJ
cjfa-37579	450	16	maximum	maximum	ADJ
cjfa-37579	450	17	return	return	NOUN
cjfa-37579	450	18	and	and	CCONJ
cjfa-37579	450	19	negative	negative	ADJ
cjfa-37579	450	20	minimum	minimum	ADJ
cjfa-37579	450	21	return	return	NOUN
cjfa-37579	450	22	with	with	ADP
cjfa-37579	450	23	6	6	NUM
cjfa-37579	450	24	%	%	NOUN
cjfa-37579	450	25	standard	standard	ADJ
cjfa-37579	450	26	deviation	deviation	NOUN
cjfa-37579	450	27	and	and	CCONJ
cjfa-37579	450	28	a	a	DET
cjfa-37579	450	29	jarque	jarque	NOUN
cjfa-37579	450	30	-	-	PUNCT
cjfa-37579	450	31	bera	bera	NOUN
cjfa-37579	450	32	p	p	NOUN
cjfa-37579	450	33	-	-	PUNCT
cjfa-37579	450	34	value	value	NOUN
cjfa-37579	450	35	of	of	ADP
cjfa-37579	450	36	less	less	ADJ
cjfa-37579	450	37	than	than	ADP
cjfa-37579	450	38	5	5	NUM
cjfa-37579	450	39	%	%	NOUN
cjfa-37579	450	40	significant	significant	ADJ
cjfa-37579	450	41	level	level	NOUN
cjfa-37579	450	42	indicating	indicate	VERB
cjfa-37579	450	43	a	a	DET
cjfa-37579	450	44	normal	normal	ADJ
cjfa-37579	450	45	distribution	distribution	NOUN
cjfa-37579	450	46	of	of	ADP
cjfa-37579	450	47	the	the	DET
cjfa-37579	450	48	nseall	nseall	DET
cjfa-37579	450	49	series	series	NOUN
cjfa-37579	450	50	.	.	PUNCT
cjfa-37579	451	1	table	table	NOUN
cjfa-37579	451	2	3	3	NUM
cjfa-37579	451	3	.	.	PUNCT
cjfa-37579	451	4	unit	unit	NOUN
cjfa-37579	451	5	root	root	PROPN
cjfa-37579	451	6	test	test	NOUN
cjfa-37579	451	7	result	result	NOUN
cjfa-37579	451	8	of	of	ADP
cjfa-37579	451	9	selected	select	VERB
cjfa-37579	451	10	nse	nse	NOUN
cjfa-37579	451	11	indices	index	NOUN
cjfa-37579	451	12	series	series	PROPN
cjfa-37579	451	13	variable	variable	ADJ
cjfa-37579	451	14	method	method	PROPN
cjfa-37579	451	15	stat	stat	PROPN
cjfa-37579	451	16	prob	prob	PROPN
cjfa-37579	451	17	.	.	PROPN
cjfa-37579	452	1	method	method	PROPN
cjfa-37579	452	2	stat	stat	PROPN
cjfa-37579	452	3	prob	prob	PROPN
cjfa-37579	452	4	.	.	PUNCT
cjfa-37579	453	1	nse30r	nse30r	PROPN
cjfa-37579	453	2	adf	adf	PROPN
cjfa-37579	453	3	test	test	NOUN
cjfa-37579	453	4	stat	stat	PROPN
cjfa-37579	453	5	-7.403898	-7.403898	PROPN
cjfa-37579	453	6	0.0000	0.0000	NUM
cjfa-37579	453	7	pp	pp	CCONJ
cjfa-37579	453	8	test	test	NOUN
cjfa-37579	453	9	stat	stat	PROPN
cjfa-37579	453	10	-11.34105	-11.34105	PUNCT
cjfa-37579	453	11	0.0000	0.0000	NUM
cjfa-37579	453	12	nse50r	nse50r	X
cjfa-37579	453	13	adf	adf	NOUN
cjfa-37579	453	14	test	test	NOUN
cjfa-37579	453	15	stat	stat	NOUN
cjfa-37579	453	16	-16.47200	-16.47200	PUNCT
cjfa-37579	453	17	0.0000	0.0000	NUM
cjfa-37579	453	18	pp	pp	ADV
cjfa-37579	453	19	test	test	NOUN
cjfa-37579	453	20	stat	stat	NOUN
cjfa-37579	453	21	-16.46769	-16.46769	PUNCT
cjfa-37579	453	22	0.0000	0.0000	NUM
cjfa-37579	453	23	nsebanr	nsebanr	DET
cjfa-37579	453	24	adf	adf	PROPN
cjfa-37579	453	25	test	test	NOUN
cjfa-37579	453	26	stat	stat	PROPN
cjfa-37579	453	27	-13.07916	-13.07916	NUM
cjfa-37579	453	28	0.0000	0.0000	NUM
cjfa-37579	453	29	pp	pp	CCONJ
cjfa-37579	453	30	test	test	NOUN
cjfa-37579	453	31	stat	stat	NOUN
cjfa-37579	453	32	-12.99907	-12.99907	PUNCT
cjfa-37579	453	33	0.0000	0.0000	NUM
cjfa-37579	453	34	nseconr	nseconr	NOUN
cjfa-37579	453	35	adf	adf	PROPN
cjfa-37579	453	36	test	test	NOUN
cjfa-37579	453	37	stat	stat	PROPN
cjfa-37579	453	38	-19.04778	-19.04778	PUNCT
cjfa-37579	453	39	0.0000	0.0000	NUM
cjfa-37579	453	40	pp	pp	CCONJ
cjfa-37579	453	41	test	test	NOUN
cjfa-37579	453	42	stat	stat	NOUN
cjfa-37579	453	43	-19.08406	-19.08406	PUNCT
cjfa-37579	453	44	0.0000	0.0000	NUM
cjfa-37579	453	45	nseindr	nseindr	PROPN
cjfa-37579	453	46	adf	adf	PROPN
cjfa-37579	453	47	test	test	NOUN
cjfa-37579	453	48	stat	stat	PROPN
cjfa-37579	453	49	-13.22865	-13.22865	PUNCT
cjfa-37579	453	50	0.0000	0.0000	NUM
cjfa-37579	453	51	pp	pp	CCONJ
cjfa-37579	453	52	test	test	NOUN
cjfa-37579	453	53	stat	stat	NOUN
cjfa-37579	453	54	-13.53596	-13.53596	PUNCT
cjfa-37579	453	55	0.0000	0.0000	NUM
cjfa-37579	453	56	nseinsr	nseinsr	NOUN
cjfa-37579	453	57	adf	adf	PROPN
cjfa-37579	453	58	test	test	NOUN
cjfa-37579	453	59	stat	stat	PROPN
cjfa-37579	453	60	-18.09120	-18.09120	PUNCT
cjfa-37579	453	61	0.0000	0.0000	NUM
cjfa-37579	453	62	pp	pp	CCONJ
cjfa-37579	453	63	test	test	NOUN
cjfa-37579	453	64	stat	stat	NOUN
cjfa-37579	453	65	-17.97058	-17.97058	PUNCT
cjfa-37579	453	66	0.0000	0.0000	NUM
cjfa-37579	453	67	nseislr	nseislr	NOUN
cjfa-37579	453	68	adf	adf	PROPN
cjfa-37579	453	69	test	test	NOUN
cjfa-37579	453	70	stat	stat	PROPN
cjfa-37579	453	71	-7.747417	-7.747417	PROPN
cjfa-37579	453	72	0.0000	0.0000	NUM
cjfa-37579	453	73	pp	pp	CCONJ
cjfa-37579	453	74	test	test	NOUN
cjfa-37579	453	75	stat	stat	NOUN
cjfa-37579	453	76	-12.10292	-12.10292	PUNCT
cjfa-37579	453	77	0.0000	0.0000	NUM
cjfa-37579	453	78	nseoilr	nseoilr	CCONJ
cjfa-37579	453	79	adf	adf	NOUN
cjfa-37579	453	80	test	test	NOUN
cjfa-37579	453	81	stat	stat	PROPN
cjfa-37579	453	82	-13.96485	-13.96485	PUNCT
cjfa-37579	453	83	0.0000	0.0000	NUM
cjfa-37579	453	84	pp	pp	CCONJ
cjfa-37579	453	85	test	test	NOUN
cjfa-37579	453	86	stat	stat	NOUN
cjfa-37579	453	87	-13.98646	-13.98646	PUNCT
cjfa-37579	453	88	0.0000	0.0000	NUM
cjfa-37579	453	89	nsepenr	nsepenr	PROPN
cjfa-37579	453	90	adf	adf	PROPN
cjfa-37579	453	91	test	test	NOUN
cjfa-37579	453	92	stat	stat	PROPN
cjfa-37579	453	93	-13.71659	-13.71659	PUNCT
cjfa-37579	454	1	0.0000	0.0000	NUM
cjfa-37579	454	2	pp	pp	CCONJ
cjfa-37579	454	3	test	test	NOUN
cjfa-37579	454	4	stat	stat	PROPN
cjfa-37579	454	5	-13.80775	-13.80775	PUNCT
cjfa-37579	454	6	0.0000	0.0000	NUM
cjfa-37579	454	7	nseprer	nseprer	NOUN
cjfa-37579	454	8	adf	adf	PROPN
cjfa-37579	454	9	test	test	NOUN
cjfa-37579	454	10	stat	stat	PROPN
cjfa-37579	454	11	-16.46982	-16.46982	NUM
cjfa-37579	454	12	0.0001	0.0001	NUM
cjfa-37579	454	13	pp	pp	ADJ
cjfa-37579	454	14	test	test	NOUN
cjfa-37579	454	15	stat	stat	NOUN
cjfa-37579	454	16	-21.72942	-21.72942	PUNCT
cjfa-37579	454	17	0.0000	0.0000	NUM
cjfa-37579	454	18	s	s	PART
cjfa-37579	454	19	o	o	NOUN
cjfa-37579	454	20	u	u	NOUN
cjfa-37579	454	21	r	r	NOUN
cjfa-37579	454	22	c	c	NOUN
cjfa-37579	454	23	e	e	NOUN
cjfa-37579	454	24	:	:	PUNCT
cjfa-37579	454	25	authors	author	NOUN
cjfa-37579	454	26	computation	computation	VERB
cjfa-37579	454	27	,	,	PUNCT
cjfa-37579	454	28	2020	2020	NUM
cjfa-37579	454	29	.	.	PUNCT
cjfa-37579	455	1	table	table	NOUN
cjfa-37579	455	2	2	2	NUM
cjfa-37579	455	3	.	.	PUNCT
cjfa-37579	455	4	descriptive	descriptive	ADJ
cjfa-37579	455	5	…	…	SYM
cjfa-37579	455	6	risk	risk	NOUN
cjfa-37579	455	7	-	-	PUNCT
cjfa-37579	455	8	return	return	NOUN
cjfa-37579	455	9	relationship	relationship	NOUN
cjfa-37579	455	10	in	in	ADP
cjfa-37579	455	11	the	the	DET
cjfa-37579	455	12	nigerian	nigerian	ADJ
cjfa-37579	455	13	stock	stock	NOUN
cjfa-37579	455	14	market	market	NOUN
cjfa-37579	455	15	…	…	PUNCT
cjfa-37579	455	16	109	109	NUM
cjfa-37579	455	17	table	table	NOUN
cjfa-37579	455	18	4	4	NUM
cjfa-37579	455	19	.	.	PUNCT
cjfa-37579	455	20	panel	panel	NOUN
cjfa-37579	455	21	unit	unit	NOUN
cjfa-37579	455	22	root	root	PROPN
cjfa-37579	455	23	test	test	NOUN
cjfa-37579	455	24	result	result	NOUN
cjfa-37579	455	25	of	of	ADP
cjfa-37579	455	26	nseall	nseall	DET
cjfa-37579	455	27	variable	variable	ADJ
cjfa-37579	455	28	methods	method	NOUN
cjfa-37579	455	29	stat	stat	PROPN
cjfa-37579	455	30	prob	prob	PROPN
cjfa-37579	455	31	.	.	PUNCT
cjfa-37579	456	1	nseall	nseall	PROPN
cjfa-37579	456	2	levin	levin	PROPN
cjfa-37579	456	3	,	,	PUNCT
cjfa-37579	456	4	lin	lin	PROPN
cjfa-37579	456	5	and	and	CCONJ
cjfa-37579	456	6	chu	chu	PROPN
cjfa-37579	456	7	i	i	PRON
cjfa-37579	456	8	m	m	PROPN
cjfa-37579	456	9	,	,	PUNCT
cjfa-37579	456	10	pesaran	pesaran	ADJ
cjfa-37579	456	11	and	and	CCONJ
cjfa-37579	456	12	shin	shin	NOUN
cjfa-37579	456	13	adf	adf	PROPN
cjfa-37579	456	14	pp	pp	ADV
cjfa-37579	456	15	-9.76184	-9.76184	PROPN
cjfa-37579	456	16	-19.2477	-19.2477	PUNCT
cjfa-37579	457	1	388.829	388.829	NUM
cjfa-37579	457	2	1122.30	1122.30	NUM
cjfa-37579	457	3	0.0000	0.0000	NUM
cjfa-37579	457	4	0.0000	0.0000	NUM
cjfa-37579	457	5	0.0000	0.0000	NUM
cjfa-37579	457	6	0.0000	0.0000	NUM
cjfa-37579	457	7	s	s	PART
cjfa-37579	457	8	o	o	NOUN
cjfa-37579	457	9	u	u	NOUN
cjfa-37579	457	10	r	r	NOUN
cjfa-37579	457	11	c	c	NOUN
cjfa-37579	457	12	e	e	NOUN
cjfa-37579	457	13	:	:	PUNCT
cjfa-37579	457	14	authors	author	NOUN
cjfa-37579	457	15	computation	computation	VERB
cjfa-37579	457	16	,	,	PUNCT
cjfa-37579	457	17	2020	2020	NUM
cjfa-37579	457	18	.	.	PUNCT
cjfa-37579	458	1	table	table	NOUN
cjfa-37579	458	2	3	3	NUM
cjfa-37579	458	3	and	and	CCONJ
cjfa-37579	458	4	4	4	NUM
cjfa-37579	458	5	are	be	AUX
cjfa-37579	458	6	the	the	DET
cjfa-37579	458	7	unit	unit	NOUN
cjfa-37579	458	8	root	root	NOUN
cjfa-37579	458	9	test	test	NOUN
cjfa-37579	458	10	results	result	NOUN
cjfa-37579	458	11	for	for	ADP
cjfa-37579	458	12	the	the	DET
cjfa-37579	458	13	series	series	NOUN
cjfa-37579	458	14	,	,	PUNCT
cjfa-37579	458	15	the	the	DET
cjfa-37579	458	16	adf	adf	PROPN
cjfa-37579	458	17	and	and	CCONJ
cjfa-37579	458	18	pp	pp	PROPN
cjfa-37579	458	19	unit	unit	NOUN
cjfa-37579	458	20	root	root	PROPN
cjfa-37579	458	21	test	test	NOUN
cjfa-37579	458	22	result	result	NOUN
cjfa-37579	458	23	for	for	ADP
cjfa-37579	458	24	the	the	DET
cjfa-37579	458	25	individual	individual	PROPN
cjfa-37579	458	26	asi	asi	NOUN
cjfa-37579	458	27	sectorial	sectorial	ADJ
cjfa-37579	458	28	returns	return	NOUN
cjfa-37579	458	29	indicates	indicate	VERB
cjfa-37579	458	30	no	no	DET
cjfa-37579	458	31	unit	unit	NOUN
cjfa-37579	458	32	root	root	NOUN
cjfa-37579	458	33	while	while	SCONJ
cjfa-37579	458	34	the	the	DET
cjfa-37579	458	35	cross	cross	NOUN
cjfa-37579	458	36	-	-	NOUN
cjfa-37579	458	37	section	section	ADJ
cjfa-37579	458	38	nseall	nseall	DET
cjfa-37579	458	39	unit	unit	NOUN
cjfa-37579	458	40	root	root	NOUN
cjfa-37579	458	41	result	result	NOUN
cjfa-37579	458	42	also	also	ADV
cjfa-37579	458	43	indicates	indicate	VERB
cjfa-37579	458	44	stationarity	stationarity	NOUN
cjfa-37579	458	45	.	.	PUNCT
cjfa-37579	459	1	therefore	therefore	ADV
cjfa-37579	459	2	,	,	PUNCT
cjfa-37579	459	3	the	the	DET
cjfa-37579	459	4	data	data	NOUN
cjfa-37579	459	5	is	be	AUX
cjfa-37579	459	6	suitable	suitable	ADJ
cjfa-37579	459	7	for	for	ADP
cjfa-37579	459	8	econometrics	econometrics	NOUN
cjfa-37579	459	9	analysis	analysis	NOUN
cjfa-37579	459	10	.	.	PUNCT
cjfa-37579	460	1	cross	cross	ADJ
cjfa-37579	460	2	-	-	ADJ
cjfa-37579	460	3	section	section	ADJ
cjfa-37579	460	4	regression	regression	NOUN
cjfa-37579	460	5	requires	require	VERB
cjfa-37579	460	6	the	the	DET
cjfa-37579	460	7	establishment	establishment	NOUN
cjfa-37579	460	8	of	of	ADP
cjfa-37579	460	9	the	the	DET
cjfa-37579	460	10	pool	pool	NOUN
cjfa-37579	460	11	-	-	PUNCT
cjfa-37579	460	12	ability	ability	NOUN
cjfa-37579	460	13	of	of	ADP
cjfa-37579	460	14	the	the	DET
cjfa-37579	460	15	data	datum	NOUN
cjfa-37579	460	16	to	to	PART
cjfa-37579	460	17	know	know	VERB
cjfa-37579	460	18	if	if	SCONJ
cjfa-37579	460	19	there	there	PRON
cjfa-37579	460	20	exists	exist	VERB
cjfa-37579	460	21	no	no	DET
cjfa-37579	460	22	sectorial	sectorial	ADJ
cjfa-37579	460	23	specific	specific	ADJ
cjfa-37579	460	24	effect	effect	NOUN
cjfa-37579	460	25	in	in	ADP
cjfa-37579	460	26	the	the	DET
cjfa-37579	460	27	data	datum	NOUN
cjfa-37579	460	28	and	and	CCONJ
cjfa-37579	460	29	applicability	applicability	NOUN
cjfa-37579	460	30	of	of	ADP
cjfa-37579	460	31	single	single	ADJ
cjfa-37579	460	32	intercept	intercept	NOUN
cjfa-37579	460	33	.	.	PUNCT
cjfa-37579	461	1	to	to	PART
cjfa-37579	461	2	test	test	VERB
cjfa-37579	461	3	for	for	ADP
cjfa-37579	461	4	homogeneity	homogeneity	NOUN
cjfa-37579	461	5	(	(	PUNCT
cjfa-37579	461	6	common	common	ADJ
cjfa-37579	461	7	intercept	intercept	NOUN
cjfa-37579	461	8	)	)	PUNCT
cjfa-37579	461	9	,	,	PUNCT
cjfa-37579	461	10	the	the	DET
cjfa-37579	461	11	least	least	ADJ
cjfa-37579	461	12	square	square	ADJ
cjfa-37579	461	13	dummy	dummy	ADJ
cjfa-37579	461	14	variable	variable	NOUN
cjfa-37579	461	15	(	(	PUNCT
cjfa-37579	461	16	lsdv	lsdv	PROPN
cjfa-37579	461	17	)	)	PUNCT
cjfa-37579	461	18	according	accord	VERB
cjfa-37579	461	19	to	to	ADP
cjfa-37579	461	20	cermeño	cermeño	NOUN
cjfa-37579	461	21	and	and	CCONJ
cjfa-37579	461	22	grier	grier	PROPN
cjfa-37579	461	23	(	(	PUNCT
cjfa-37579	461	24	2001	2001	NUM
cjfa-37579	461	25	)	)	PUNCT
cjfa-37579	461	26	was	be	AUX
cjfa-37579	461	27	used	use	VERB
cjfa-37579	461	28	,	,	PUNCT
cjfa-37579	461	29	the	the	DET
cjfa-37579	461	30	auto	auto	NOUN
cjfa-37579	461	31	-	-	PUNCT
cjfa-37579	461	32	regressive	regressive	ADJ
cjfa-37579	461	33	conditional	conditional	ADJ
cjfa-37579	461	34	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	461	35	(	(	PUNCT
cjfa-37579	461	36	arch	arch	ADJ
cjfa-37579	461	37	)	)	PUNCT
cjfa-37579	461	38	effect	effect	NOUN
cjfa-37579	461	39	test	test	NOUN
cjfa-37579	461	40	was	be	AUX
cjfa-37579	461	41	used	use	VERB
cjfa-37579	461	42	to	to	PART
cjfa-37579	461	43	test	test	VERB
cjfa-37579	461	44	for	for	ADP
cjfa-37579	461	45	arch	arch	ADJ
cjfa-37579	461	46	effect	effect	NOUN
cjfa-37579	461	47	and	and	CCONJ
cjfa-37579	461	48	serial	serial	ADJ
cjfa-37579	461	49	correlation	correlation	NOUN
cjfa-37579	461	50	was	be	AUX
cjfa-37579	461	51	tested	test	VERB
cjfa-37579	461	52	using	use	VERB
cjfa-37579	461	53	the	the	DET
cjfa-37579	461	54	ljung	ljung	ADJ
cjfa-37579	461	55	–	–	PUNCT
cjfa-37579	461	56	box	box	NOUN
cjfa-37579	461	57	q	q	NOUN
cjfa-37579	461	58	-	-	PUNCT
cjfa-37579	461	59	statistics	statistic	NOUN
cjfa-37579	461	60	and	and	CCONJ
cjfa-37579	461	61	partial	partial	ADJ
cjfa-37579	461	62	correlations	correlation	NOUN
cjfa-37579	461	63	tests	test	VERB
cjfa-37579	461	64	for	for	ADP
cjfa-37579	461	65	the	the	DET
cjfa-37579	461	66	residuals	residual	NOUN
cjfa-37579	461	67	and	and	CCONJ
cjfa-37579	461	68	squared	squared	ADJ
cjfa-37579	461	69	residuals	residual	NOUN
cjfa-37579	461	70	of	of	ADP
cjfa-37579	461	71	the	the	DET
cjfa-37579	461	72	mean	mean	ADJ
cjfa-37579	461	73	and	and	CCONJ
cjfa-37579	461	74	variance	variance	NOUN
cjfa-37579	461	75	equations	equation	NOUN
cjfa-37579	461	76	.	.	PUNCT
cjfa-37579	462	1	table	table	NOUN
cjfa-37579	462	2	5	5	NUM
cjfa-37579	462	3	presents	present	VERB
cjfa-37579	462	4	the	the	DET
cjfa-37579	462	5	wald	wald	NOUN
cjfa-37579	462	6	test	test	NOUN
cjfa-37579	462	7	f	f	NOUN
cjfa-37579	462	8	-	-	PUNCT
cjfa-37579	462	9	statistics	statistic	NOUN
cjfa-37579	462	10	with	with	ADP
cjfa-37579	462	11	chi	chi	ADJ
cjfa-37579	462	12	-	-	PUNCT
cjfa-37579	462	13	square	square	ADJ
cjfa-37579	462	14	values	value	NOUN
cjfa-37579	462	15	of	of	ADP
cjfa-37579	462	16	the	the	DET
cjfa-37579	462	17	lsdv	lsdv	NOUN
cjfa-37579	462	18	cross	cross	NOUN
cjfa-37579	462	19	-	-	NOUN
cjfa-37579	462	20	section	section	ADJ
cjfa-37579	462	21	mean	mean	NOUN
cjfa-37579	462	22	equation	equation	NOUN
cjfa-37579	462	23	were	be	AUX
cjfa-37579	462	24	0.289782	0.289782	NUM
cjfa-37579	462	25	and	and	CCONJ
cjfa-37579	462	26	1.876113	1.876113	NUM
cjfa-37579	462	27	respectively	respectively	ADV
cjfa-37579	462	28	and	and	CCONJ
cjfa-37579	462	29	they	they	PRON
cjfa-37579	462	30	are	be	AUX
cjfa-37579	462	31	not	not	PART
cjfa-37579	462	32	statistically	statistically	ADV
cjfa-37579	462	33	significant	significant	ADJ
cjfa-37579	462	34	,	,	PUNCT
cjfa-37579	462	35	indicating	indicate	VERB
cjfa-37579	462	36	that	that	SCONJ
cjfa-37579	462	37	there	there	PRON
cjfa-37579	462	38	exists	exist	VERB
cjfa-37579	462	39	homogeneity	homogeneity	NOUN
cjfa-37579	462	40	(	(	PUNCT
cjfa-37579	462	41	common	common	ADJ
cjfa-37579	462	42	intercept	intercept	NOUN
cjfa-37579	462	43	)	)	PUNCT
cjfa-37579	462	44	within	within	ADP
cjfa-37579	462	45	the	the	DET
cjfa-37579	462	46	sectorial	sectorial	ADJ
cjfa-37579	462	47	return	return	NOUN
cjfa-37579	462	48	series	series	NOUN
cjfa-37579	462	49	.	.	PUNCT
cjfa-37579	463	1	the	the	DET
cjfa-37579	463	2	f	f	PROPN
cjfa-37579	463	3	-	-	PUNCT
cjfa-37579	463	4	statistics	statistic	NOUN
cjfa-37579	463	5	and	and	CCONJ
cjfa-37579	463	6	the	the	DET
cjfa-37579	463	7	observed	observed	ADJ
cjfa-37579	463	8	r	r	NOUN
cjfa-37579	463	9	-	-	PUNCT
cjfa-37579	463	10	square	square	ADJ
cjfa-37579	463	11	values	value	NOUN
cjfa-37579	463	12	of	of	ADP
cjfa-37579	463	13	the	the	DET
cjfa-37579	463	14	arch	arch	ADJ
cjfa-37579	463	15	test	test	NOUN
cjfa-37579	463	16	from	from	ADP
cjfa-37579	463	17	the	the	DET
cjfa-37579	463	18	pooled	pool	VERB
cjfa-37579	463	19	returns	return	NOUN
cjfa-37579	463	20	indicate	indicate	VERB
cjfa-37579	463	21	that	that	SCONJ
cjfa-37579	463	22	the	the	DET
cjfa-37579	463	23	null	null	ADJ
cjfa-37579	463	24	hypothesis	hypothesis	NOUN
cjfa-37579	463	25	of	of	ADP
cjfa-37579	463	26	no	no	DET
cjfa-37579	463	27	arch	arch	ADJ
cjfa-37579	463	28	effect	effect	NOUN
cjfa-37579	463	29	is	be	AUX
cjfa-37579	463	30	rejected	reject	VERB
cjfa-37579	463	31	indicating	indicate	VERB
cjfa-37579	463	32	the	the	DET
cjfa-37579	463	33	presence	presence	NOUN
cjfa-37579	463	34	of	of	ADP
cjfa-37579	463	35	arch	arch	ADJ
cjfa-37579	463	36	effect	effect	NOUN
cjfa-37579	463	37	in	in	ADP
cjfa-37579	463	38	the	the	DET
cjfa-37579	463	39	residuals	residual	NOUN
cjfa-37579	463	40	of	of	ADP
cjfa-37579	463	41	the	the	DET
cjfa-37579	463	42	pooled	pool	VERB
cjfa-37579	463	43	mean	mean	NOUN
cjfa-37579	463	44	equation	equation	NOUN
cjfa-37579	463	45	.	.	PUNCT
cjfa-37579	464	1	table	table	NOUN
cjfa-37579	464	2	5	5	NUM
cjfa-37579	464	3	.	.	PUNCT
cjfa-37579	465	1	wald	wald	NOUN
cjfa-37579	465	2	test	test	NOUN
cjfa-37579	465	3	(	(	PUNCT
cjfa-37579	465	4	mean	mean	VERB
cjfa-37579	465	5	equation	equation	NOUN
cjfa-37579	465	6	)	)	PUNCT
cjfa-37579	465	7	and	and	CCONJ
cjfa-37579	465	8	arch	arch	ADJ
cjfa-37579	465	9	test	test	NOUN
cjfa-37579	465	10	(	(	PUNCT
cjfa-37579	465	11	pooled	pool	VERB
cjfa-37579	465	12	regression	regression	NOUN
cjfa-37579	465	13	)	)	PUNCT
cjfa-37579	465	14	wald	wald	NOUN
cjfa-37579	465	15	test	test	NOUN
cjfa-37579	465	16	(	(	PUNCT
cjfa-37579	465	17	mean	mean	VERB
cjfa-37579	465	18	equation	equation	NOUN
cjfa-37579	465	19	)	)	PUNCT
cjfa-37579	465	20	value	value	NOUN
cjfa-37579	465	21	prob	prob	PROPN
cjfa-37579	465	22	heteroscedasticity	heteroscedasticity	PROPN
cjfa-37579	465	23	test	test	NOUN
cjfa-37579	465	24	(	(	PUNCT
cjfa-37579	465	25	pooled	pool	VERB
cjfa-37579	465	26	regression	regression	NOUN
cjfa-37579	465	27	)	)	PUNCT
cjfa-37579	465	28	value	value	NOUN
cjfa-37579	465	29	prob	prob	NOUN
cjfa-37579	465	30	f	f	PROPN
cjfa-37579	465	31	-	-	PUNCT
cjfa-37579	465	32	statistics	statistic	NOUN
cjfa-37579	465	33	0.289782	0.289782	NUM
cjfa-37579	465	34	0.8914	0.8914	NUM
cjfa-37579	465	35	f	f	X
cjfa-37579	465	36	-	-	PUNCT
cjfa-37579	465	37	statistics	statistic	NOUN
cjfa-37579	465	38	132.8361	132.8361	NUM
cjfa-37579	465	39	0.0000	0.0000	NUM
cjfa-37579	465	40	obs*r	obs*r	VERB
cjfa-37579	465	41	-	-	PUNCT
cjfa-37579	465	42	square	square	ADJ
cjfa-37579	465	43	1.876113	1.876113	NUM
cjfa-37579	465	44	0.8914	0.8914	NUM
cjfa-37579	465	45	obs*r	obs*r	PROPN
cjfa-37579	465	46	-	-	PUNCT
cjfa-37579	465	47	square	square	ADJ
cjfa-37579	465	48	126.1997	126.1997	NUM
cjfa-37579	465	49	0.0000	0.0000	NUM
cjfa-37579	465	50	s	s	PART
cjfa-37579	465	51	o	o	NOUN
cjfa-37579	465	52	u	u	NOUN
cjfa-37579	465	53	r	r	NOUN
cjfa-37579	465	54	c	c	NOUN
cjfa-37579	465	55	e	e	NOUN
cjfa-37579	465	56	:	:	PUNCT
cjfa-37579	465	57	authors	author	NOUN
cjfa-37579	465	58	computation	computation	VERB
cjfa-37579	465	59	,	,	PUNCT
cjfa-37579	465	60	2020	2020	NUM
cjfa-37579	465	61	.	.	PUNCT
cjfa-37579	466	1	kamaldeen	kamaldeen	VERB
cjfa-37579	466	2	ibraheem	ibraheem	ADJ
cjfa-37579	466	3	nageri110	nageri110	PROPN
cjfa-37579	466	4	table	table	NOUN
cjfa-37579	466	5	6	6	NUM
cjfa-37579	466	6	.	.	X
cjfa-37579	466	7	autocorrelation	autocorrelation	NOUN
cjfa-37579	466	8	result	result	VERB
cjfa-37579	466	9	residual	residual	ADJ
cjfa-37579	466	10	pac	pac	PROPN
cjfa-37579	466	11	q	q	ADJ
cjfa-37579	466	12	-	-	PUNCT
cjfa-37579	466	13	stat	stat	NOUN
cjfa-37579	466	14	prob	prob	NOUN
cjfa-37579	466	15	squared	square	VERB
cjfa-37579	466	16	residual	residual	ADJ
cjfa-37579	466	17	pac	pac	PROPN
cjfa-37579	466	18	q	q	ADJ
cjfa-37579	466	19	-	-	PUNCT
cjfa-37579	466	20	stat	stat	NOUN
cjfa-37579	466	21	prob	prob	NOUN
cjfa-37579	466	22	-0.008	-0.008	PROPN
cjfa-37579	467	1	0.0216	0.0216	NUM
cjfa-37579	467	2	0.002	0.002	NUM
cjfa-37579	467	3	0.225	0.225	NUM
cjfa-37579	467	4	126.40	126.40	NUM
cjfa-37579	467	5	0.0000	0.0000	NUM
cjfa-37579	467	6	0.108	0.108	NUM
cjfa-37579	467	7	14.334	14.334	NUM
cjfa-37579	467	8	0.001	0.001	NUM
cjfa-37579	467	9	0.158	0.158	NUM
cjfa-37579	467	10	188.77	188.77	NUM
cjfa-37579	467	11	0.0000	0.0000	NUM
cjfa-37579	467	12	0.035	0.035	NUM
cjfa-37579	467	13	17.747	17.747	NUM
cjfa-37579	467	14	0.002	0.002	NUM
cjfa-37579	467	15	0.112	0.112	NUM
cjfa-37579	467	16	219.80	219.80	NUM
cjfa-37579	467	17	0.0000	0.0000	NUM
cjfa-37579	467	18	-0.083	-0.083	SYM
cjfa-37579	467	19	16.680	16.680	NUM
cjfa-37579	467	20	0.002	0.002	NUM
cjfa-37579	467	21	0.081	0.081	NUM
cjfa-37579	467	22	236.30	236.30	NUM
cjfa-37579	467	23	0.0000	0.0000	NUM
cjfa-37579	467	24	s	s	PART
cjfa-37579	467	25	o	o	NOUN
cjfa-37579	467	26	u	u	NOUN
cjfa-37579	467	27	r	r	NOUN
cjfa-37579	467	28	c	c	NOUN
cjfa-37579	467	29	e	e	NOUN
cjfa-37579	467	30	:	:	PUNCT
cjfa-37579	467	31	authors	author	NOUN
cjfa-37579	467	32	computation	computation	VERB
cjfa-37579	467	33	,	,	PUNCT
cjfa-37579	467	34	2020	2020	NUM
cjfa-37579	467	35	.	.	PUNCT
cjfa-37579	468	1	table	table	NOUN
cjfa-37579	468	2	6	6	NUM
cjfa-37579	468	3	shows	show	VERB
cjfa-37579	468	4	the	the	DET
cjfa-37579	468	5	autocorrelation	autocorrelation	NOUN
cjfa-37579	468	6	result	result	NOUN
cjfa-37579	468	7	of	of	ADP
cjfa-37579	468	8	the	the	DET
cjfa-37579	468	9	pooled	pool	VERB
cjfa-37579	468	10	regression	regression	NOUN
cjfa-37579	468	11	for	for	ADP
cjfa-37579	468	12	the	the	DET
cjfa-37579	468	13	residual	residual	ADJ
cjfa-37579	468	14	and	and	CCONJ
cjfa-37579	468	15	the	the	DET
cjfa-37579	468	16	squared	square	VERB
cjfa-37579	468	17	residuals	residual	NOUN
cjfa-37579	468	18	from	from	ADP
cjfa-37579	468	19	the	the	DET
cjfa-37579	468	20	mean	mean	ADJ
cjfa-37579	468	21	equation	equation	NOUN
cjfa-37579	468	22	and	and	CCONJ
cjfa-37579	468	23	it	it	PRON
cjfa-37579	468	24	indicates	indicate	VERB
cjfa-37579	468	25	that	that	SCONJ
cjfa-37579	468	26	there	there	PRON
cjfa-37579	468	27	is	be	VERB
cjfa-37579	468	28	no	no	DET
cjfa-37579	468	29	serial	serial	ADJ
cjfa-37579	468	30	correlation	correlation	NOUN
cjfa-37579	468	31	in	in	ADP
cjfa-37579	468	32	the	the	DET
cjfa-37579	468	33	residuals	residual	NOUN
cjfa-37579	468	34	.	.	PUNCT
cjfa-37579	469	1	the	the	DET
cjfa-37579	469	2	result	result	NOUN
cjfa-37579	469	3	of	of	ADP
cjfa-37579	469	4	no	no	DET
cjfa-37579	469	5	serial	serial	ADJ
cjfa-37579	469	6	correlations	correlation	NOUN
cjfa-37579	469	7	and	and	CCONJ
cjfa-37579	469	8	the	the	DET
cjfa-37579	469	9	presence	presence	NOUN
cjfa-37579	469	10	of	of	ADP
cjfa-37579	469	11	the	the	DET
cjfa-37579	469	12	arch	arch	ADJ
cjfa-37579	469	13	effect	effect	NOUN
cjfa-37579	469	14	indicates	indicate	VERB
cjfa-37579	469	15	the	the	DET
cjfa-37579	469	16	application	application	NOUN
cjfa-37579	469	17	of	of	ADP
cjfa-37579	469	18	the	the	DET
cjfa-37579	469	19	garch	garch	NOUN
cjfa-37579	469	20	model	model	NOUN
cjfa-37579	469	21	.	.	PUNCT
cjfa-37579	470	1	lastly	lastly	ADV
cjfa-37579	470	2	,	,	PUNCT
cjfa-37579	470	3	the	the	DET
cjfa-37579	470	4	cross	cross	ADJ
cjfa-37579	470	5	-	-	ADJ
cjfa-37579	470	6	section	section	ADJ
cjfa-37579	470	7	variance	variance	NOUN
cjfa-37579	470	8	equation	equation	NOUN
cjfa-37579	470	9	was	be	AUX
cjfa-37579	470	10	tested	test	VERB
cjfa-37579	470	11	for	for	ADP
cjfa-37579	470	12	individual	individual	ADJ
cjfa-37579	470	13	effect	effect	NOUN
cjfa-37579	470	14	in	in	ADP
cjfa-37579	470	15	the	the	DET
cjfa-37579	470	16	nse	nse	NOUN
cjfa-37579	470	17	sectoral	sectoral	ADJ
cjfa-37579	470	18	series	series	NOUN
cjfa-37579	470	19	using	use	VERB
cjfa-37579	470	20	the	the	DET
cjfa-37579	470	21	maximum	maximum	ADJ
cjfa-37579	470	22	log	log	NOUN
cjfa-37579	470	23	-	-	PUNCT
cjfa-37579	470	24	likelihood	likelihood	NOUN
cjfa-37579	470	25	estimate	estimate	NOUN
cjfa-37579	470	26	(	(	PUNCT
cjfa-37579	470	27	mle	mle	NOUN
cjfa-37579	470	28	)	)	PUNCT
cjfa-37579	470	29	as	as	SCONJ
cjfa-37579	470	30	suggested	suggest	VERB
cjfa-37579	470	31	by	by	ADP
cjfa-37579	470	32	cermeño	cermeño	NOUN
cjfa-37579	470	33	and	and	CCONJ
cjfa-37579	470	34	grier	grier	PROPN
cjfa-37579	470	35	(	(	PUNCT
cjfa-37579	470	36	2001	2001	NUM
cjfa-37579	470	37	)	)	PUNCT
cjfa-37579	470	38	and	and	CCONJ
cjfa-37579	470	39	the	the	DET
cjfa-37579	470	40	mle	mle	PROPN
cjfa-37579	470	41	is	be	AUX
cjfa-37579	470	42	statistically	statistically	ADV
cjfa-37579	470	43	significant	significant	ADJ
cjfa-37579	470	44	at	at	ADP
cjfa-37579	470	45	5	5	NUM
cjfa-37579	470	46	%	%	NOUN
cjfa-37579	470	47	which	which	PRON
cjfa-37579	470	48	shows	show	VERB
cjfa-37579	470	49	that	that	SCONJ
cjfa-37579	470	50	the	the	DET
cjfa-37579	470	51	sectorial	sectorial	ADJ
cjfa-37579	470	52	return	return	NOUN
cjfa-37579	470	53	variance	variance	NOUN
cjfa-37579	470	54	is	be	AUX
cjfa-37579	470	55	not	not	PART
cjfa-37579	470	56	consistent	consistent	ADJ
cjfa-37579	470	57	between	between	ADP
cjfa-37579	470	58	the	the	DET
cjfa-37579	470	59	market	market	NOUN
cjfa-37579	470	60	.	.	PUNCT
cjfa-37579	471	1	therefore	therefore	ADV
cjfa-37579	471	2	,	,	PUNCT
cjfa-37579	471	3	the	the	DET
cjfa-37579	471	4	garch	garch	NOUN
cjfa-37579	471	5	model	model	NOUN
cjfa-37579	471	6	applies	apply	VERB
cjfa-37579	471	7	to	to	ADP
cjfa-37579	471	8	the	the	DET
cjfa-37579	471	9	panel	panel	NOUN
cjfa-37579	471	10	data	datum	NOUN
cjfa-37579	471	11	for	for	ADP
cjfa-37579	471	12	analysis	analysis	NOUN
cjfa-37579	471	13	.	.	PUNCT
cjfa-37579	472	1	table	table	NOUN
cjfa-37579	472	2	7	7	NUM
cjfa-37579	472	3	.	.	PUNCT
cjfa-37579	473	1	cross	cross	ADJ
cjfa-37579	473	2	-	-	ADJ
cjfa-37579	473	3	section	section	ADJ
cjfa-37579	473	4	garch	garch	NOUN
cjfa-37579	473	5	-	-	PUNCT
cjfa-37579	473	6	in	in	ADP
cjfa-37579	473	7	-	-	PUNCT
cjfa-37579	473	8	mean	mean	NOUN
cjfa-37579	473	9	result	result	NOUN
cjfa-37579	473	10	for	for	ADP
cjfa-37579	473	11	sectorial	sectorial	ADJ
cjfa-37579	473	12	return	return	NOUN
cjfa-37579	473	13	in	in	ADP
cjfa-37579	473	14	covid-19	covid-19	PROPN
cjfa-37579	473	15	parameters	parameter	NOUN
cjfa-37579	473	16	gaussian	gaussian	ADJ
cjfa-37579	473	17	distribution	distribution	NOUN
cjfa-37579	473	18	estimates	estimate	VERB
cjfa-37579	473	19	p	p	NOUN
cjfa-37579	473	20	-	-	PUNCT
cjfa-37579	473	21	value	value	NOUN
cjfa-37579	473	22	student’s	student’s	NOUN
cjfa-37579	473	23	-	-	PUNCT
cjfa-37579	473	24	t	t	NOUN
cjfa-37579	473	25	distribution	distribution	NOUN
cjfa-37579	473	26	estimates	estimate	VERB
cjfa-37579	473	27	p	p	NOUN
cjfa-37579	473	28	-	-	PUNCT
cjfa-37579	473	29	value	value	NOUN
cjfa-37579	473	30	generalised	generalise	VERB
cjfa-37579	473	31	error	error	NOUN
cjfa-37579	473	32	distribution	distribution	NOUN
cjfa-37579	473	33	estimates	estimate	VERB
cjfa-37579	473	34	p	p	NOUN
cjfa-37579	473	35	-	-	PUNCT
cjfa-37579	473	36	value	value	NOUN
cjfa-37579	473	37	c	c	NOUN
cjfa-37579	473	38	-0.007504	-0.007504	NOUN
cjfa-37579	473	39	0.0000	0.0000	NUM
cjfa-37579	473	40	-0.006850	-0.006850	NOUN
cjfa-37579	473	41	0.4835	0.4835	NUM
cjfa-37579	473	42	-0.056134	-0.056134	NOUN
cjfa-37579	473	43	0.1859	0.1859	NUM
cjfa-37579	473	44	θit	θit	NOUN
cjfa-37579	473	45	0.423549	0.423549	NUM
cjfa-37579	473	46	0.0000	0.0000	NUM
cjfa-37579	473	47	0.113079	0.113079	NUM
cjfa-37579	473	48	0.4835	0.4835	NUM
cjfa-37579	473	49	0.964359	0.964359	NUM
cjfa-37579	473	50	0.1860	0.1860	NUM
cjfa-37579	474	1	ω	ω	NUM
cjfa-37579	474	2	0.000079	0.000079	NUM
cjfa-37579	474	3	0.0000	0.0000	NUM
cjfa-37579	474	4	0.005454	0.005454	NUM
cjfa-37579	474	5	0.5914	0.5914	NUM
cjfa-37579	474	6	0.001733	0.001733	NUM
cjfa-37579	474	7	0.0000	0.0000	NUM
cjfa-37579	474	8	αit	αit	ADP
cjfa-37579	474	9	0.164938	0.164938	NUM
cjfa-37579	474	10	0.0000	0.0000	NUM
cjfa-37579	474	11	-0.004056	-0.004056	NOUN
cjfa-37579	474	12	0.6061	0.6061	NUM
cjfa-37579	474	13	0.000017	0.000017	NUM
cjfa-37579	474	14	0.0015	0.0015	NUM
cjfa-37579	474	15	βit	βit	NOUN
cjfa-37579	474	16	0.739167	0.739167	NUM
cjfa-37579	474	17	0.0000	0.0000	NUM
cjfa-37579	474	18	-0.263666	-0.263666	VERB
cjfa-37579	474	19	0.0382	0.0382	NUM
cjfa-37579	474	20	0.488494	0.488494	NUM
cjfa-37579	474	21	0.0000	0.0000	NUM
cjfa-37579	474	22	aic	aic	PROPN
cjfa-37579	474	23	-4.667309	-4.667309	PROPN
cjfa-37579	474	24	-5.528884	-5.528884	PROPN
cjfa-37579	474	25	-5.658158	-5.658158	PROPN
cjfa-37579	475	1	sc	sc	PROPN
cjfa-37579	475	2	-4.653280	-4.653280	PROPN
cjfa-37579	475	3	-5.512517	-5.512517	PROPN
cjfa-37579	475	4	-5.641791	-5.641791	PROPN
cjfa-37579	475	5	hq	hq	PROPN
cjfa-37579	475	6	-4.662214	-4.662214	PROPN
cjfa-37579	475	7	-5.522941	-5.522941	PUNCT
cjfa-37579	476	1	-5.652215	-5.652215	PROPN
cjfa-37579	476	2	s	s	PART
cjfa-37579	477	1	o	o	X
cjfa-37579	477	2	u	u	NOUN
cjfa-37579	477	3	r	r	NOUN
cjfa-37579	477	4	c	c	NOUN
cjfa-37579	477	5	e	e	NOUN
cjfa-37579	477	6	:	:	PUNCT
cjfa-37579	477	7	authors	author	NOUN
cjfa-37579	477	8	computation	computation	VERB
cjfa-37579	477	9	,	,	PUNCT
cjfa-37579	477	10	2020	2020	NUM
cjfa-37579	477	11	.	.	PUNCT
cjfa-37579	478	1	risk	risk	NOUN
cjfa-37579	478	2	-	-	PUNCT
cjfa-37579	478	3	return	return	NOUN
cjfa-37579	478	4	relationship	relationship	NOUN
cjfa-37579	478	5	in	in	ADP
cjfa-37579	478	6	the	the	DET
cjfa-37579	478	7	nigerian	nigerian	ADJ
cjfa-37579	478	8	stock	stock	NOUN
cjfa-37579	478	9	market	market	NOUN
cjfa-37579	478	10	…	…	SYM
cjfa-37579	478	11	111	111	NUM
cjfa-37579	478	12	table	table	NOUN
cjfa-37579	478	13	7	7	NUM
cjfa-37579	478	14	shows	show	VERB
cjfa-37579	478	15	the	the	DET
cjfa-37579	478	16	garch	garch	NOUN
cjfa-37579	478	17	-	-	PUNCT
cjfa-37579	478	18	in	in	ADP
cjfa-37579	478	19	-	-	PUNCT
cjfa-37579	478	20	mean	mean	NOUN
cjfa-37579	478	21	cross	cross	ADJ
cjfa-37579	478	22	-	-	ADJ
cjfa-37579	478	23	section	section	ADJ
cjfa-37579	478	24	return	return	NOUN
cjfa-37579	478	25	indicating	indicate	VERB
cjfa-37579	478	26	positive	positive	ADJ
cjfa-37579	478	27	θit	θit	NOUN
cjfa-37579	478	28	(	(	PUNCT
cjfa-37579	478	29	standard	standard	ADJ
cjfa-37579	478	30	deviation	deviation	NOUN
cjfa-37579	478	31	)	)	PUNCT
cjfa-37579	478	32	of	of	ADP
cjfa-37579	478	33	0.423549	0.423549	NUM
cjfa-37579	478	34	,	,	PUNCT
cjfa-37579	478	35	0.113079	0.113079	NUM
cjfa-37579	478	36	and	and	CCONJ
cjfa-37579	478	37	0.964359	0.964359	NUM
cjfa-37579	478	38	under	under	ADP
cjfa-37579	478	39	the	the	DET
cjfa-37579	478	40	three	three	NUM
cjfa-37579	478	41	error	error	NOUN
cjfa-37579	478	42	distributional	distributional	ADJ
cjfa-37579	478	43	assumptions	assumption	NOUN
cjfa-37579	478	44	respectively	respectively	ADV
cjfa-37579	478	45	with	with	ADP
cjfa-37579	478	46	p	p	NOUN
cjfa-37579	478	47	-	-	PUNCT
cjfa-37579	478	48	values	value	NOUN
cjfa-37579	478	49	of	of	ADP
cjfa-37579	478	50	0.0000	0.0000	NUM
cjfa-37579	478	51	,	,	PUNCT
cjfa-37579	478	52	0.4835	0.4835	NUM
cjfa-37579	478	53	and	and	CCONJ
cjfa-37579	478	54	0.1860	0.1860	NUM
cjfa-37579	478	55	respectively	respectively	ADV
cjfa-37579	478	56	indicating	indicate	VERB
cjfa-37579	478	57	statistical	statistical	ADJ
cjfa-37579	478	58	significance	significance	NOUN
cjfa-37579	478	59	at	at	ADP
cjfa-37579	478	60	5	5	NUM
cjfa-37579	478	61	%	%	NOUN
cjfa-37579	478	62	under	under	ADP
cjfa-37579	478	63	gaussian	gaussian	ADJ
cjfa-37579	478	64	distribution	distribution	NOUN
cjfa-37579	478	65	estimates	estimate	NOUN
cjfa-37579	478	66	but	but	CCONJ
cjfa-37579	478	67	statistically	statistically	ADV
cjfa-37579	478	68	insignificant	insignificant	ADJ
cjfa-37579	478	69	under	under	ADP
cjfa-37579	478	70	the	the	DET
cjfa-37579	478	71	student’s	student’s	NOUN
cjfa-37579	478	72	-	-	PUNCT
cjfa-37579	478	73	t	t	NOUN
cjfa-37579	478	74	distribution	distribution	NOUN
cjfa-37579	478	75	and	and	CCONJ
cjfa-37579	478	76	the	the	DET
cjfa-37579	478	77	generalised	generalise	VERB
cjfa-37579	478	78	error	error	NOUN
cjfa-37579	478	79	distributions	distribution	NOUN
cjfa-37579	478	80	(	(	PUNCT
cjfa-37579	478	81	ged	ge	VERB
cjfa-37579	478	82	)	)	PUNCT
cjfa-37579	478	83	.	.	PUNCT
cjfa-37579	479	1	this	this	PRON
cjfa-37579	479	2	implies	imply	VERB
cjfa-37579	479	3	a	a	DET
cjfa-37579	479	4	positive	positive	ADJ
cjfa-37579	479	5	risk	risk	NOUN
cjfa-37579	479	6	-	-	PUNCT
cjfa-37579	479	7	return	return	NOUN
cjfa-37579	479	8	relationship	relationship	NOUN
cjfa-37579	479	9	in	in	ADP
cjfa-37579	479	10	the	the	DET
cjfa-37579	479	11	cross	cross	NOUN
cjfa-37579	479	12	-	-	ADJ
cjfa-37579	479	13	section	section	ADJ
cjfa-37579	479	14	return	return	NOUN
cjfa-37579	479	15	on	on	ADP
cjfa-37579	479	16	the	the	DET
cjfa-37579	479	17	nigerian	nigerian	ADJ
cjfa-37579	479	18	stock	stock	NOUN
cjfa-37579	479	19	exchange	exchange	NOUN
cjfa-37579	479	20	sectors	sector	NOUN
cjfa-37579	479	21	during	during	ADP
cjfa-37579	479	22	covid-19	covid-19	PROPN
cjfa-37579	479	23	.	.	PUNCT
cjfa-37579	480	1	higher	high	ADJ
cjfa-37579	480	2	risk	risk	NOUN
cjfa-37579	480	3	leads	lead	VERB
cjfa-37579	480	4	to	to	ADP
cjfa-37579	480	5	higher	high	ADJ
cjfa-37579	480	6	return	return	NOUN
cjfa-37579	480	7	and	and	CCONJ
cjfa-37579	480	8	vice	vice	NOUN
cjfa-37579	480	9	versa	versa	ADV
cjfa-37579	480	10	.	.	PUNCT
cjfa-37579	481	1	the	the	DET
cjfa-37579	481	2	akaike	akaike	ADJ
cjfa-37579	481	3	information	information	NOUN
cjfa-37579	481	4	criterion	criterion	NOUN
cjfa-37579	481	5	(	(	PUNCT
cjfa-37579	481	6	aic	aic	PROPN
cjfa-37579	481	7	)	)	PUNCT
cjfa-37579	481	8	,	,	PUNCT
cjfa-37579	481	9	schwarz	schwarz	NOUN
cjfa-37579	481	10	criterion	criterion	NOUN
cjfa-37579	481	11	(	(	PUNCT
cjfa-37579	481	12	sc	sc	PROPN
cjfa-37579	481	13	)	)	PUNCT
cjfa-37579	481	14	and	and	CCONJ
cjfa-37579	481	15	the	the	DET
cjfa-37579	481	16	hannan	hannan	PROPN
cjfa-37579	481	17	-	-	PUNCT
cjfa-37579	481	18	quinn	quinn	PROPN
cjfa-37579	481	19	criterion	criterion	NOUN
cjfa-37579	481	20	show	show	VERB
cjfa-37579	481	21	that	that	SCONJ
cjfa-37579	481	22	the	the	DET
cjfa-37579	481	23	ged	ge	VERB
cjfa-37579	481	24	value	value	NOUN
cjfa-37579	481	25	is	be	AUX
cjfa-37579	481	26	the	the	DET
cjfa-37579	481	27	lowest	low	ADJ
cjfa-37579	481	28	indicating	indicate	VERB
cjfa-37579	481	29	its	its	PRON
cjfa-37579	481	30	superior	superior	ADJ
cjfa-37579	481	31	predictive	predictive	ADJ
cjfa-37579	481	32	ability	ability	NOUN
cjfa-37579	481	33	of	of	ADP
cjfa-37579	481	34	garch	garch	NOUN
cjfa-37579	481	35	-	-	PUNCT
cjfa-37579	481	36	in	in	ADP
cjfa-37579	481	37	-	-	PUNCT
cjfa-37579	481	38	mean	mean	NOUN
cjfa-37579	481	39	model	model	NOUN
cjfa-37579	481	40	estimate	estimate	NOUN
cjfa-37579	481	41	of	of	ADP
cjfa-37579	481	42	cross	cross	ADJ
cjfa-37579	481	43	-	-	ADJ
cjfa-37579	481	44	section	section	ADJ
cjfa-37579	481	45	risk	risk	NOUN
cjfa-37579	481	46	-	-	PUNCT
cjfa-37579	481	47	return	return	NOUN
cjfa-37579	481	48	relationship	relationship	NOUN
cjfa-37579	481	49	during	during	ADP
cjfa-37579	481	50	covid-19	covid-19	PROPN
cjfa-37579	481	51	.	.	PUNCT
cjfa-37579	482	1	this	this	PRON
cjfa-37579	482	2	implies	imply	VERB
cjfa-37579	482	3	that	that	SCONJ
cjfa-37579	482	4	the	the	DET
cjfa-37579	482	5	risk	risk	NOUN
cjfa-37579	482	6	-	-	PUNCT
cjfa-37579	482	7	return	return	NOUN
cjfa-37579	482	8	premium	premium	NOUN
cjfa-37579	482	9	of	of	ADP
cjfa-37579	482	10	the	the	DET
cjfa-37579	482	11	stock	stock	NOUN
cjfa-37579	482	12	on	on	ADP
cjfa-37579	482	13	the	the	DET
cjfa-37579	482	14	selected	select	VERB
cjfa-37579	482	15	sectoral	sectoral	ADJ
cjfa-37579	482	16	stocks	stock	NOUN
cjfa-37579	482	17	is	be	AUX
cjfa-37579	482	18	not	not	PART
cjfa-37579	482	19	risky	risky	ADJ
cjfa-37579	482	20	to	to	PART
cjfa-37579	482	21	hold	hold	VERB
cjfa-37579	482	22	during	during	ADP
cjfa-37579	482	23	covid-19	covid-19	PROPN
cjfa-37579	482	24	.	.	PUNCT
cjfa-37579	483	1	the	the	DET
cjfa-37579	483	2	variance	variance	NOUN
cjfa-37579	483	3	equation	equation	NOUN
cjfa-37579	483	4	indicates	indicate	VERB
cjfa-37579	483	5	αit	αit	NOUN
cjfa-37579	483	6	and	and	CCONJ
cjfa-37579	483	7	βit	βit	NOUN
cjfa-37579	483	8	representing	represent	VERB
cjfa-37579	483	9	the	the	DET
cjfa-37579	483	10	arch	arch	ADJ
cjfa-37579	483	11	term	term	NOUN
cjfa-37579	483	12	(	(	PUNCT
cjfa-37579	483	13	past	past	ADJ
cjfa-37579	483	14	day	day	NOUN
cjfa-37579	483	15	’s	’s	PART
cjfa-37579	483	16	return	return	NOUN
cjfa-37579	483	17	squared	square	VERB
cjfa-37579	483	18	residual	residual	ADJ
cjfa-37579	483	19	)	)	PUNCT
cjfa-37579	483	20	and	and	CCONJ
cjfa-37579	483	21	the	the	DET
cjfa-37579	483	22	garch	garch	NOUN
cjfa-37579	483	23	term	term	NOUN
cjfa-37579	483	24	(	(	PUNCT
cjfa-37579	483	25	past	past	ADJ
cjfa-37579	483	26	day	day	NOUN
cjfa-37579	483	27	’s	’s	PART
cjfa-37579	483	28	variance	variance	NOUN
cjfa-37579	483	29	of	of	ADP
cjfa-37579	483	30	return	return	NOUN
cjfa-37579	483	31	)	)	PUNCT
cjfa-37579	483	32	respectively	respectively	ADV
cjfa-37579	483	33	with	with	ADP
cjfa-37579	483	34	ω	ω	PROPN
cjfa-37579	483	35	as	as	SCONJ
cjfa-37579	483	36	the	the	DET
cjfa-37579	483	37	constant	constant	ADJ
cjfa-37579	483	38	is	be	AUX
cjfa-37579	483	39	positive	positive	ADJ
cjfa-37579	483	40	and	and	CCONJ
cjfa-37579	483	41	significant	significant	ADJ
cjfa-37579	483	42	at	at	ADP
cjfa-37579	483	43	5	5	NUM
cjfa-37579	483	44	%	%	NOUN
cjfa-37579	483	45	under	under	ADP
cjfa-37579	483	46	gaussian	gaussian	NOUN
cjfa-37579	483	47	and	and	CCONJ
cjfa-37579	483	48	ged	ge	VERB
cjfa-37579	483	49	distributions	distribution	NOUN
cjfa-37579	483	50	.	.	PUNCT
cjfa-37579	484	1	this	this	PRON
cjfa-37579	484	2	indicates	indicate	VERB
cjfa-37579	484	3	that	that	SCONJ
cjfa-37579	484	4	past	past	ADJ
cjfa-37579	484	5	day	day	NOUN
cjfa-37579	484	6	return	return	NOUN
cjfa-37579	484	7	and	and	CCONJ
cjfa-37579	484	8	risk	risk	NOUN
cjfa-37579	484	9	(	(	PUNCT
cjfa-37579	484	10	variance	variance	NOUN
cjfa-37579	484	11	)	)	PUNCT
cjfa-37579	484	12	are	be	AUX
cjfa-37579	484	13	significant	significant	ADJ
cjfa-37579	484	14	and	and	CCONJ
cjfa-37579	484	15	positive	positive	ADJ
cjfa-37579	484	16	under	under	ADP
cjfa-37579	484	17	the	the	DET
cjfa-37579	484	18	gaussian	gaussian	NOUN
cjfa-37579	484	19	and	and	CCONJ
cjfa-37579	484	20	ged	ge	VERB
cjfa-37579	484	21	distributional	distributional	ADJ
cjfa-37579	484	22	assumptions	assumption	NOUN
cjfa-37579	484	23	.	.	PUNCT
cjfa-37579	485	1	the	the	DET
cjfa-37579	485	2	past	past	ADJ
cjfa-37579	485	3	day	day	NOUN
cjfa-37579	485	4	’s	’s	PART
cjfa-37579	485	5	return	return	NOUN
cjfa-37579	485	6	squared	square	VERB
cjfa-37579	485	7	residual	residual	ADJ
cjfa-37579	485	8	is	be	AUX
cjfa-37579	485	9	negative	negative	ADJ
cjfa-37579	485	10	and	and	CCONJ
cjfa-37579	485	11	statistically	statistically	ADV
cjfa-37579	485	12	insignificant	insignificant	ADJ
cjfa-37579	485	13	under	under	ADP
cjfa-37579	485	14	the	the	DET
cjfa-37579	485	15	student’s	student’s	NOUN
cjfa-37579	485	16	-	-	PUNCT
cjfa-37579	485	17	t	t	NOUN
cjfa-37579	485	18	distribution	distribution	NOUN
cjfa-37579	485	19	while	while	SCONJ
cjfa-37579	485	20	the	the	DET
cjfa-37579	485	21	past	past	ADJ
cjfa-37579	485	22	day	day	NOUN
cjfa-37579	485	23	’s	’s	PART
cjfa-37579	485	24	variance	variance	NOUN
cjfa-37579	485	25	of	of	ADP
cjfa-37579	485	26	return	return	NOUN
cjfa-37579	485	27	and	and	CCONJ
cjfa-37579	485	28	the	the	DET
cjfa-37579	485	29	constant	constant	ADJ
cjfa-37579	485	30	are	be	AUX
cjfa-37579	485	31	negative	negative	ADJ
cjfa-37579	485	32	and	and	CCONJ
cjfa-37579	485	33	statistically	statistically	ADV
cjfa-37579	485	34	significant	significant	ADJ
cjfa-37579	485	35	under	under	ADP
cjfa-37579	485	36	the	the	DET
cjfa-37579	485	37	student’s	student’s	NOUN
cjfa-37579	485	38	-	-	PUNCT
cjfa-37579	485	39	t	t	NOUN
cjfa-37579	485	40	distribution	distribution	NOUN
cjfa-37579	485	41	.	.	PUNCT
cjfa-37579	486	1	table	table	NOUN
cjfa-37579	486	2	8	8	NUM
cjfa-37579	486	3	.	.	PUNCT
cjfa-37579	486	4	arch	arch	ADJ
cjfa-37579	486	5	effect	effect	NOUN
cjfa-37579	486	6	and	and	CCONJ
cjfa-37579	486	7	autocorrelation	autocorrelation	NOUN
cjfa-37579	486	8	result	result	NOUN
cjfa-37579	486	9	of	of	ADP
cjfa-37579	486	10	ged	ge	VERB
cjfa-37579	486	11	garch	garch	NOUN
cjfa-37579	486	12	-	-	PUNCT
cjfa-37579	486	13	in	in	ADP
cjfa-37579	486	14	-	-	PUNCT
cjfa-37579	486	15	mean	mean	NOUN
cjfa-37579	486	16	model	model	NOUN
cjfa-37579	486	17	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	486	18	test	test	NOUN
cjfa-37579	486	19	(	(	PUNCT
cjfa-37579	486	20	pooled	pool	VERB
cjfa-37579	486	21	regression	regression	NOUN
cjfa-37579	486	22	)	)	PUNCT
cjfa-37579	486	23	value	value	NOUN
cjfa-37579	486	24	prob	prob	NOUN
cjfa-37579	486	25	squared	square	VERB
cjfa-37579	486	26	residual	residual	ADJ
cjfa-37579	486	27	pac	pac	PROPN
cjfa-37579	486	28	q	q	ADJ
cjfa-37579	486	29	-	-	PUNCT
cjfa-37579	486	30	stat	stat	NOUN
cjfa-37579	486	31	prob	prob	NOUN
cjfa-37579	486	32	f	f	PROPN
cjfa-37579	486	33	-	-	PUNCT
cjfa-37579	486	34	statistics	statistic	VERB
cjfa-37579	486	35	0.100427	0.100427	NUM
cjfa-37579	486	36	0.8178	0.8178	NUM
cjfa-37579	486	37	-0.148	-0.148	PUNCT
cjfa-37579	486	38	54.105	54.105	NUM
cjfa-37579	486	39	0.918	0.918	NUM
cjfa-37579	486	40	obs*r	obs*r	NOUN
cjfa-37579	486	41	-	-	PUNCT
cjfa-37579	486	42	square	square	NOUN
cjfa-37579	486	43	0.100444	0.100444	NUM
cjfa-37579	486	44	0.8177	0.8177	NUM
cjfa-37579	486	45	-0.103	-0.103	NUM
cjfa-37579	486	46	80.888	80.888	NUM
cjfa-37579	486	47	0.499	0.499	NUM
cjfa-37579	486	48	-0.100	-0.100	PUNCT
cjfa-37579	486	49	105.17	105.17	NUM
cjfa-37579	486	50	0.547	0.547	NUM
cjfa-37579	486	51	-0.052	-0.052	NUM
cjfa-37579	487	1	112.24	112.24	NUM
cjfa-37579	487	2	0.691	0.691	NUM
cjfa-37579	487	3	s	s	PART
cjfa-37579	487	4	o	o	NOUN
cjfa-37579	487	5	u	u	NOUN
cjfa-37579	487	6	r	r	NOUN
cjfa-37579	487	7	c	c	NOUN
cjfa-37579	487	8	e	e	NOUN
cjfa-37579	487	9	:	:	PUNCT
cjfa-37579	487	10	authors	author	NOUN
cjfa-37579	487	11	computation	computation	VERB
cjfa-37579	487	12	,	,	PUNCT
cjfa-37579	487	13	2020	2020	NUM
cjfa-37579	487	14	.	.	PUNCT
cjfa-37579	488	1	the	the	DET
cjfa-37579	488	2	arch	arch	ADJ
cjfa-37579	488	3	effect	effect	NOUN
cjfa-37579	488	4	and	and	CCONJ
cjfa-37579	488	5	autocorrelation	autocorrelation	NOUN
cjfa-37579	488	6	result	result	NOUN
cjfa-37579	488	7	in	in	ADP
cjfa-37579	488	8	table	table	NOUN
cjfa-37579	488	9	8	8	NUM
cjfa-37579	488	10	is	be	AUX
cjfa-37579	488	11	the	the	DET
cjfa-37579	488	12	diagnostic	diagnostic	ADJ
cjfa-37579	488	13	result	result	NOUN
cjfa-37579	488	14	of	of	ADP
cjfa-37579	488	15	the	the	DET
cjfa-37579	488	16	ged	ge	VERB
cjfa-37579	488	17	estimate	estimate	NOUN
cjfa-37579	488	18	suggested	suggest	VERB
cjfa-37579	488	19	by	by	ADP
cjfa-37579	488	20	the	the	DET
cjfa-37579	488	21	criterion	criterion	NOUN
cjfa-37579	488	22	as	as	ADP
cjfa-37579	488	23	the	the	DET
cjfa-37579	488	24	best	good	ADJ
cjfa-37579	488	25	estimate	estimate	NOUN
cjfa-37579	488	26	.	.	PUNCT
cjfa-37579	489	1	the	the	DET
cjfa-37579	489	2	result	result	NOUN
cjfa-37579	489	3	kamaldeen	kamaldeen	AUX
cjfa-37579	489	4	ibraheem	ibraheem	PROPN
cjfa-37579	489	5	nageri112	nageri112	PROPN
cjfa-37579	489	6	shows	show	VERB
cjfa-37579	489	7	that	that	SCONJ
cjfa-37579	489	8	the	the	DET
cjfa-37579	489	9	null	null	ADJ
cjfa-37579	489	10	hypothesis	hypothesis	NOUN
cjfa-37579	489	11	of	of	ADP
cjfa-37579	489	12	no	no	DET
cjfa-37579	489	13	arch	arch	ADJ
cjfa-37579	489	14	effect	effect	NOUN
cjfa-37579	489	15	and	and	CCONJ
cjfa-37579	489	16	no	no	DET
cjfa-37579	489	17	serial	serial	ADJ
cjfa-37579	489	18	correlation	correlation	NOUN
cjfa-37579	489	19	can	can	AUX
cjfa-37579	489	20	not	not	PART
cjfa-37579	489	21	be	be	AUX
cjfa-37579	489	22	rejected	reject	VERB
cjfa-37579	489	23	,	,	PUNCT
cjfa-37579	489	24	which	which	PRON
cjfa-37579	489	25	confirms	confirm	VERB
cjfa-37579	489	26	that	that	SCONJ
cjfa-37579	489	27	the	the	DET
cjfa-37579	489	28	model	model	NOUN
cjfa-37579	489	29	is	be	AUX
cjfa-37579	489	30	good	good	ADJ
cjfa-37579	489	31	and	and	CCONJ
cjfa-37579	489	32	desirable	desirable	ADJ
cjfa-37579	489	33	for	for	ADP
cjfa-37579	489	34	policy	policy	NOUN
cjfa-37579	489	35	consideration	consideration	NOUN
cjfa-37579	489	36	and	and	CCONJ
cjfa-37579	489	37	implementation	implementation	NOUN
cjfa-37579	489	38	.	.	PUNCT
cjfa-37579	490	1	table	table	NOUN
cjfa-37579	490	2	9	9	NUM
cjfa-37579	490	3	.	.	PUNCT
cjfa-37579	491	1	cross	cross	ADJ
cjfa-37579	491	2	-	-	NOUN
cjfa-37579	491	3	section	section	ADJ
cjfa-37579	491	4	tgarch	tgarch	NOUN
cjfa-37579	491	5	/	/	SYM
cjfa-37579	491	6	tarch	tarch	NOUN
cjfa-37579	491	7	result	result	NOUN
cjfa-37579	491	8	for	for	ADP
cjfa-37579	491	9	sectorial	sectorial	ADJ
cjfa-37579	491	10	return	return	NOUN
cjfa-37579	491	11	in	in	ADP
cjfa-37579	491	12	covid-19	covid-19	PROPN
cjfa-37579	491	13	parameters	parameter	NOUN
cjfa-37579	491	14	gaussian	gaussian	ADJ
cjfa-37579	491	15	distribution	distribution	NOUN
cjfa-37579	491	16	estimates	estimate	VERB
cjfa-37579	491	17	p	p	ADJ
cjfa-37579	491	18	-	-	PUNCT
cjfa-37579	491	19	value	value	NOUN
cjfa-37579	491	20	student	student	NOUN
cjfa-37579	491	21	-	-	PUNCT
cjfa-37579	491	22	t	t	NOUN
cjfa-37579	491	23	distribution	distribution	NOUN
cjfa-37579	491	24	estimates	estimate	VERB
cjfa-37579	491	25	p	p	NOUN
cjfa-37579	491	26	-	-	PUNCT
cjfa-37579	491	27	value	value	NOUN
cjfa-37579	491	28	generalised	generalise	VERB
cjfa-37579	491	29	error	error	NOUN
cjfa-37579	491	30	distribution	distribution	NOUN
cjfa-37579	491	31	estimates	estimate	VERB
cjfa-37579	491	32	p	p	NOUN
cjfa-37579	491	33	-	-	PUNCT
cjfa-37579	491	34	value	value	NOUN
cjfa-37579	491	35	ω	ω	NOUN
cjfa-37579	491	36	0.000063	0.000063	NUM
cjfa-37579	491	37	0.0000	0.0000	NUM
cjfa-37579	491	38	0.104493	0.104493	NUM
cjfa-37579	491	39	0.0070	0.0070	NUM
cjfa-37579	491	40	0.000085	0.000085	NUM
cjfa-37579	491	41	0.0000	0.0000	NUM
cjfa-37579	491	42	αit	αit	VERB
cjfa-37579	491	43	0.072421	0.072421	NUM
cjfa-37579	491	44	0.0000	0.0000	NUM
cjfa-37579	492	1	1455.982	1455.982	NUM
cjfa-37579	492	2	0.0094	0.0094	NUM
cjfa-37579	492	3	1.058086	1.058086	NUM
cjfa-37579	492	4	0.0000	0.0000	NUM
cjfa-37579	492	5	γit	γit	NOUN
cjfa-37579	492	6	0.147225	0.147225	NUM
cjfa-37579	492	7	0.0000	0.0000	NUM
cjfa-37579	492	8	-383.8023	-383.8023	NUM
cjfa-37579	492	9	0.1403	0.1403	NUM
cjfa-37579	492	10	0.140300	0.140300	NUM
cjfa-37579	492	11	0.6700	0.6700	NUM
cjfa-37579	492	12	βit	βit	NOUN
cjfa-37579	492	13	0.785788	0.785788	NUM
cjfa-37579	492	14	0.0000	0.0000	NUM
cjfa-37579	492	15	0.131148	0.131148	NUM
cjfa-37579	492	16	0.0000	0.0000	NUM
cjfa-37579	492	17	0.514905	0.514905	NUM
cjfa-37579	492	18	0.0000	0.0000	NUM
cjfa-37579	492	19	aic	aic	PROPN
cjfa-37579	492	20	-4.680251	-4.680251	PROPN
cjfa-37579	492	21	-5.662720	-5.662720	PROPN
cjfa-37579	492	22	-5.767163	-5.767163	PROPN
cjfa-37579	492	23	sc	sc	PROPN
cjfa-37579	492	24	-4.666223	-4.666223	PROPN
cjfa-37579	492	25	-5.646353	-5.646353	PROPN
cjfa-37579	492	26	-5.750796	-5.750796	PUNCT
cjfa-37579	493	1	hq	hq	PROPN
cjfa-37579	493	2	-4.675157	-4.675157	PROPN
cjfa-37579	493	3	-5.656777	-5.656777	PROPN
cjfa-37579	494	1	-5.761220	-5.761220	PROPN
cjfa-37579	494	2	s	s	PART
cjfa-37579	494	3	o	o	NOUN
cjfa-37579	494	4	u	u	NOUN
cjfa-37579	494	5	r	r	NOUN
cjfa-37579	494	6	c	c	NOUN
cjfa-37579	494	7	e	e	NOUN
cjfa-37579	494	8	:	:	PUNCT
cjfa-37579	494	9	authors	author	NOUN
cjfa-37579	494	10	computation	computation	VERB
cjfa-37579	494	11	,	,	PUNCT
cjfa-37579	494	12	2020	2020	NUM
cjfa-37579	494	13	.	.	PUNCT
cjfa-37579	495	1	the	the	DET
cjfa-37579	495	2	tgarch	tgarch	NOUN
cjfa-37579	495	3	results	result	NOUN
cjfa-37579	495	4	of	of	ADP
cjfa-37579	495	5	the	the	DET
cjfa-37579	495	6	cross	cross	NOUN
cjfa-37579	495	7	-	-	ADJ
cjfa-37579	495	8	section	section	ADJ
cjfa-37579	495	9	return	return	NOUN
cjfa-37579	495	10	on	on	ADP
cjfa-37579	495	11	the	the	DET
cjfa-37579	495	12	nigerian	nigerian	ADJ
cjfa-37579	495	13	stock	stock	NOUN
cjfa-37579	495	14	exchange	exchange	NOUN
cjfa-37579	495	15	during	during	ADP
cjfa-37579	495	16	the	the	DET
cjfa-37579	495	17	covid-19	covid-19	PROPN
cjfa-37579	495	18	half	half	ADJ
cjfa-37579	495	19	-	-	PUNCT
cjfa-37579	495	20	year	year	NOUN
cjfa-37579	495	21	is	be	AUX
cjfa-37579	495	22	shown	show	VERB
cjfa-37579	495	23	in	in	ADP
cjfa-37579	495	24	table	table	NOUN
cjfa-37579	495	25	9	9	NUM
cjfa-37579	495	26	.	.	PUNCT
cjfa-37579	496	1	the	the	DET
cjfa-37579	496	2	value	value	NOUN
cjfa-37579	496	3	of	of	ADP
cjfa-37579	496	4	γit	γit	PROPN
cjfa-37579	496	5	under	under	ADP
cjfa-37579	496	6	the	the	DET
cjfa-37579	496	7	gaussian	gaussian	ADJ
cjfa-37579	496	8	distribution	distribution	NOUN
cjfa-37579	496	9	is	be	AUX
cjfa-37579	496	10	positive	positive	ADJ
cjfa-37579	496	11	and	and	CCONJ
cjfa-37579	496	12	significant	significant	ADJ
cjfa-37579	496	13	while	while	SCONJ
cjfa-37579	496	14	γit	γit	PROPN
cjfa-37579	496	15	is	be	AUX
cjfa-37579	496	16	negative	negative	ADJ
cjfa-37579	496	17	and	and	CCONJ
cjfa-37579	496	18	insignificant	insignificant	ADJ
cjfa-37579	496	19	under	under	ADP
cjfa-37579	496	20	student’s	student’s	NOUN
cjfa-37579	496	21	-	-	PUNCT
cjfa-37579	496	22	t	t	NOUN
cjfa-37579	496	23	while	while	SCONJ
cjfa-37579	496	24	γit	γit	PROPN
cjfa-37579	496	25	is	be	AUX
cjfa-37579	496	26	positive	positive	ADJ
cjfa-37579	496	27	and	and	CCONJ
cjfa-37579	496	28	insignificant	insignificant	ADJ
cjfa-37579	496	29	under	under	ADP
cjfa-37579	496	30	ged	ge	VERB
cjfa-37579	496	31	distributional	distributional	ADJ
cjfa-37579	496	32	assumptions	assumption	NOUN
cjfa-37579	496	33	.	.	PUNCT
cjfa-37579	497	1	the	the	DET
cjfa-37579	497	2	tgarch	tgarch	NOUN
cjfa-37579	497	3	model	model	NOUN
cjfa-37579	497	4	specifies	specify	VERB
cjfa-37579	497	5	the	the	DET
cjfa-37579	497	6	estimates	estimate	NOUN
cjfa-37579	497	7	of	of	ADP
cjfa-37579	497	8	γit	γit	PROPN
cjfa-37579	497	9	<	<	X
cjfa-37579	497	10	0	0	PUNCT
cjfa-37579	497	11	and	and	CCONJ
cjfa-37579	497	12	significant	significant	ADJ
cjfa-37579	497	13	to	to	PART
cjfa-37579	497	14	show	show	VERB
cjfa-37579	497	15	that	that	SCONJ
cjfa-37579	497	16	bad	bad	ADJ
cjfa-37579	497	17	news	news	NOUN
cjfa-37579	497	18	has	have	VERB
cjfa-37579	497	19	more	more	ADJ
cjfa-37579	497	20	impact	impact	NOUN
cjfa-37579	497	21	on	on	ADP
cjfa-37579	497	22	return	return	NOUN
cjfa-37579	497	23	volatility	volatility	NOUN
cjfa-37579	497	24	than	than	ADP
cjfa-37579	497	25	the	the	DET
cjfa-37579	497	26	good	good	PROPN
cjfa-37579	497	27	news	news	NOUN
cjfa-37579	497	28	of	of	ADP
cjfa-37579	497	29	the	the	DET
cjfa-37579	497	30	same	same	ADJ
cjfa-37579	497	31	extent	extent	NOUN
cjfa-37579	497	32	.	.	PUNCT
cjfa-37579	498	1	therefore	therefore	ADV
cjfa-37579	498	2	,	,	PUNCT
cjfa-37579	498	3	the	the	DET
cjfa-37579	498	4	cross	cross	ADJ
cjfa-37579	498	5	-	-	ADJ
cjfa-37579	498	6	section	section	ADJ
cjfa-37579	498	7	volatility	volatility	NOUN
cjfa-37579	498	8	of	of	ADP
cjfa-37579	498	9	return	return	NOUN
cjfa-37579	498	10	reacted	react	VERB
cjfa-37579	498	11	more	more	ADV
cjfa-37579	498	12	to	to	ADP
cjfa-37579	498	13	good	good	ADJ
cjfa-37579	498	14	news	news	NOUN
cjfa-37579	498	15	than	than	ADP
cjfa-37579	498	16	to	to	ADP
cjfa-37579	498	17	bad	bad	ADJ
cjfa-37579	498	18	news	news	NOUN
cjfa-37579	498	19	of	of	ADP
cjfa-37579	498	20	equal	equal	ADJ
cjfa-37579	498	21	extent	extent	NOUN
cjfa-37579	498	22	on	on	ADP
cjfa-37579	498	23	the	the	DET
cjfa-37579	498	24	nigerian	nigerian	ADJ
cjfa-37579	498	25	stock	stock	NOUN
cjfa-37579	498	26	exchange	exchange	NOUN
cjfa-37579	498	27	during	during	ADP
cjfa-37579	498	28	covid-19	covid-19	PROPN
cjfa-37579	498	29	as	as	SCONJ
cjfa-37579	498	30	shown	show	VERB
cjfa-37579	498	31	by	by	ADP
cjfa-37579	498	32	all	all	DET
cjfa-37579	498	33	the	the	DET
cjfa-37579	498	34	distributional	distributional	ADJ
cjfa-37579	498	35	assumptions	assumption	NOUN
cjfa-37579	498	36	.	.	PUNCT
cjfa-37579	499	1	the	the	DET
cjfa-37579	499	2	variance	variance	NOUN
cjfa-37579	499	3	equation	equation	NOUN
cjfa-37579	499	4	indicates	indicate	VERB
cjfa-37579	499	5	that	that	SCONJ
cjfa-37579	499	6	αit	αit	NOUN
cjfa-37579	499	7	and	and	CCONJ
cjfa-37579	499	8	βit	βit	NOUN
cjfa-37579	499	9	representing	represent	VERB
cjfa-37579	499	10	the	the	DET
cjfa-37579	499	11	arch	arch	ADJ
cjfa-37579	499	12	term	term	NOUN
cjfa-37579	499	13	(	(	PUNCT
cjfa-37579	499	14	past	past	ADJ
cjfa-37579	499	15	day	day	NOUN
cjfa-37579	499	16	’s	’s	PART
cjfa-37579	499	17	squared	square	VERB
cjfa-37579	499	18	residual	residual	ADJ
cjfa-37579	499	19	return	return	NOUN
cjfa-37579	499	20	)	)	PUNCT
cjfa-37579	499	21	and	and	CCONJ
cjfa-37579	499	22	the	the	DET
cjfa-37579	499	23	garch	garch	NOUN
cjfa-37579	499	24	term	term	NOUN
cjfa-37579	499	25	(	(	PUNCT
cjfa-37579	499	26	past	past	ADJ
cjfa-37579	499	27	day	day	NOUN
cjfa-37579	499	28	’s	’s	PART
cjfa-37579	499	29	variance	variance	NOUN
cjfa-37579	499	30	of	of	ADP
cjfa-37579	499	31	the	the	DET
cjfa-37579	499	32	return	return	NOUN
cjfa-37579	499	33	)	)	PUNCT
cjfa-37579	499	34	respectively	respectively	ADV
cjfa-37579	499	35	and	and	CCONJ
cjfa-37579	499	36	ω	ω	NOUN
cjfa-37579	499	37	as	as	ADP
cjfa-37579	499	38	the	the	DET
cjfa-37579	499	39	constant	constant	ADJ
cjfa-37579	499	40	,	,	PUNCT
cjfa-37579	499	41	are	be	AUX
cjfa-37579	499	42	positive	positive	ADJ
cjfa-37579	499	43	and	and	CCONJ
cjfa-37579	499	44	significant	significant	ADJ
cjfa-37579	499	45	at	at	ADP
cjfa-37579	499	46	1	1	NUM
cjfa-37579	499	47	%	%	NOUN
cjfa-37579	499	48	as	as	SCONJ
cjfa-37579	499	49	shown	show	VERB
cjfa-37579	499	50	by	by	ADP
cjfa-37579	499	51	all	all	DET
cjfa-37579	499	52	the	the	DET
cjfa-37579	499	53	distributional	distributional	ADJ
cjfa-37579	499	54	assumptions	assumption	NOUN
cjfa-37579	499	55	.	.	PUNCT
cjfa-37579	500	1	the	the	DET
cjfa-37579	500	2	best	well	ADV
cjfa-37579	500	3	-	-	PUNCT
cjfa-37579	500	4	fitted	fit	VERB
cjfa-37579	500	5	estimates	estimate	NOUN
cjfa-37579	500	6	according	accord	VERB
cjfa-37579	500	7	to	to	ADP
cjfa-37579	500	8	the	the	DET
cjfa-37579	500	9	estimates	estimate	NOUN
cjfa-37579	500	10	of	of	ADP
cjfa-37579	500	11	the	the	DET
cjfa-37579	500	12	aic	aic	PROPN
cjfa-37579	500	13	,	,	PUNCT
cjfa-37579	500	14	sic	sic	ADJ
cjfa-37579	500	15	and	and	CCONJ
cjfa-37579	500	16	hq	hq	NOUN
cjfa-37579	500	17	selection	selection	NOUN
cjfa-37579	500	18	criteria	criterion	NOUN
cjfa-37579	500	19	indicate	indicate	VERB
cjfa-37579	500	20	that	that	SCONJ
cjfa-37579	500	21	the	the	DET
cjfa-37579	500	22	ged	ge	VERB
cjfa-37579	500	23	value	value	NOUN
cjfa-37579	500	24	is	be	AUX
cjfa-37579	500	25	the	the	DET
cjfa-37579	500	26	lowest	low	ADJ
cjfa-37579	500	27	indicating	indicate	VERB
cjfa-37579	500	28	its	its	PRON
cjfa-37579	500	29	supe	supe	ADJ
cjfa-37579	500	30	risk	risk	NOUN
cjfa-37579	500	31	-	-	PUNCT
cjfa-37579	500	32	return	return	NOUN
cjfa-37579	500	33	relationship	relationship	NOUN
cjfa-37579	500	34	in	in	ADP
cjfa-37579	500	35	the	the	DET
cjfa-37579	500	36	nigerian	nigerian	ADJ
cjfa-37579	500	37	stock	stock	NOUN
cjfa-37579	500	38	market	market	NOUN
cjfa-37579	500	39	…	…	PUNCT
cjfa-37579	500	40	113	113	NUM
cjfa-37579	500	41	rior	rior	NOUN
cjfa-37579	500	42	predictive	predictive	ADJ
cjfa-37579	500	43	ability	ability	NOUN
cjfa-37579	500	44	of	of	ADP
cjfa-37579	500	45	tgarch	tgarch	NOUN
cjfa-37579	500	46	estimate	estimate	NOUN
cjfa-37579	500	47	of	of	ADP
cjfa-37579	500	48	news	news	NOUN
cjfa-37579	500	49	impact	impact	NOUN
cjfa-37579	500	50	on	on	ADP
cjfa-37579	500	51	cross	cross	ADJ
cjfa-37579	500	52	-	-	ADJ
cjfa-37579	500	53	section	section	ADJ
cjfa-37579	500	54	returns	return	NOUN
cjfa-37579	500	55	during	during	ADP
cjfa-37579	500	56	covid-19	covid-19	PROPN
cjfa-37579	500	57	.	.	PUNCT
cjfa-37579	501	1	this	this	PRON
cjfa-37579	501	2	is	be	AUX
cjfa-37579	501	3	in	in	ADP
cjfa-37579	501	4	agreement	agreement	NOUN
cjfa-37579	501	5	with	with	ADP
cjfa-37579	501	6	the	the	DET
cjfa-37579	501	7	finding	finding	NOUN
cjfa-37579	501	8	of	of	ADP
cjfa-37579	501	9	nageri	nageri	ADJ
cjfa-37579	501	10	(	(	PUNCT
cjfa-37579	501	11	2019b	2019b	NUM
cjfa-37579	501	12	)	)	PUNCT
cjfa-37579	501	13	.	.	PUNCT
cjfa-37579	502	1	table	table	NOUN
cjfa-37579	502	2	10	10	NUM
cjfa-37579	502	3	.	.	PUNCT
cjfa-37579	503	1	arch	arch	ADJ
cjfa-37579	503	2	effect	effect	NOUN
cjfa-37579	503	3	and	and	CCONJ
cjfa-37579	503	4	autocorrelation	autocorrelation	NOUN
cjfa-37579	503	5	result	result	NOUN
cjfa-37579	503	6	of	of	ADP
cjfa-37579	503	7	ged	ge	VERB
cjfa-37579	503	8	tgarch	tgarch	NOUN
cjfa-37579	503	9	/	/	SYM
cjfa-37579	503	10	tarch	tarch	NOUN
cjfa-37579	503	11	model	model	PROPN
cjfa-37579	503	12	heteroscedasticity	heteroscedasticity	PROPN
cjfa-37579	503	13	test	test	NOUN
cjfa-37579	503	14	(	(	PUNCT
cjfa-37579	503	15	pooled	pool	VERB
cjfa-37579	503	16	regression	regression	NOUN
cjfa-37579	503	17	)	)	PUNCT
cjfa-37579	503	18	value	value	NOUN
cjfa-37579	503	19	prob	prob	NOUN
cjfa-37579	503	20	squared	square	VERB
cjfa-37579	503	21	residual	residual	ADJ
cjfa-37579	503	22	pac	pac	PROPN
cjfa-37579	503	23	q	q	ADJ
cjfa-37579	503	24	-	-	PUNCT
cjfa-37579	503	25	stat	stat	NOUN
cjfa-37579	503	26	prob	prob	NOUN
cjfa-37579	503	27	f	f	PROPN
cjfa-37579	503	28	-	-	PUNCT
cjfa-37579	503	29	statistics	statistic	VERB
cjfa-37579	503	30	0.005834	0.005834	NUM
cjfa-37579	503	31	0.9391	0.9391	NUM
cjfa-37579	503	32	-0.002	-0.002	PUNCT
cjfa-37579	503	33	0.0058	0.0058	NUM
cjfa-37579	503	34	0.939	0.939	NUM
cjfa-37579	503	35	obs*r	obs*r	PROPN
cjfa-37579	503	36	-	-	PUNCT
cjfa-37579	503	37	square	square	NOUN
cjfa-37579	503	38	0.005839	0.005839	NUM
cjfa-37579	503	39	0.9391	0.9391	NUM
cjfa-37579	503	40	0.004	0.004	NUM
cjfa-37579	503	41	2.0487	2.0487	NUM
cjfa-37579	503	42	0.976	0.976	NUM
cjfa-37579	503	43	-0.002	-0.002	PUNCT
cjfa-37579	503	44	3.0607	3.0607	NUM
cjfa-37579	503	45	0.996	0.996	NUM
cjfa-37579	503	46	-0.002	-0.002	PUNCT
cjfa-37579	503	47	0.0727	0.0727	NUM
cjfa-37579	503	48	0.999	0.999	NUM
cjfa-37579	503	49	s	s	PART
cjfa-37579	503	50	o	o	X
cjfa-37579	503	51	u	u	NOUN
cjfa-37579	503	52	r	r	NOUN
cjfa-37579	503	53	c	c	NOUN
cjfa-37579	503	54	e	e	NOUN
cjfa-37579	503	55	:	:	PUNCT
cjfa-37579	503	56	authors	author	NOUN
cjfa-37579	503	57	computation	computation	VERB
cjfa-37579	503	58	,	,	PUNCT
cjfa-37579	503	59	2020	2020	NUM
cjfa-37579	503	60	.	.	PUNCT
cjfa-37579	504	1	table	table	NOUN
cjfa-37579	504	2	10	10	NUM
cjfa-37579	504	3	is	be	AUX
cjfa-37579	504	4	the	the	DET
cjfa-37579	504	5	diagnostic	diagnostic	ADJ
cjfa-37579	504	6	result	result	NOUN
cjfa-37579	504	7	of	of	ADP
cjfa-37579	504	8	the	the	DET
cjfa-37579	504	9	arch	arch	ADJ
cjfa-37579	504	10	effect	effect	NOUN
cjfa-37579	504	11	and	and	CCONJ
cjfa-37579	504	12	autocorrelation	autocorrelation	NOUN
cjfa-37579	504	13	result	result	NOUN
cjfa-37579	504	14	of	of	ADP
cjfa-37579	504	15	the	the	DET
cjfa-37579	504	16	ged	ge	VERB
cjfa-37579	504	17	suggested	suggest	VERB
cjfa-37579	504	18	by	by	ADP
cjfa-37579	504	19	the	the	DET
cjfa-37579	504	20	criterion	criterion	NOUN
cjfa-37579	504	21	as	as	ADP
cjfa-37579	504	22	the	the	DET
cjfa-37579	504	23	best	good	ADJ
cjfa-37579	504	24	estimate	estimate	NOUN
cjfa-37579	504	25	.	.	PUNCT
cjfa-37579	505	1	the	the	DET
cjfa-37579	505	2	result	result	NOUN
cjfa-37579	505	3	specifies	specify	VERB
cjfa-37579	505	4	that	that	SCONJ
cjfa-37579	505	5	the	the	DET
cjfa-37579	505	6	null	null	ADJ
cjfa-37579	505	7	hypothesis	hypothesis	NOUN
cjfa-37579	505	8	of	of	ADP
cjfa-37579	505	9	no	no	DET
cjfa-37579	505	10	arch	arch	ADJ
cjfa-37579	505	11	effect	effect	NOUN
cjfa-37579	505	12	and	and	CCONJ
cjfa-37579	505	13	no	no	DET
cjfa-37579	505	14	serial	serial	ADJ
cjfa-37579	505	15	correlation	correlation	NOUN
cjfa-37579	505	16	can	can	AUX
cjfa-37579	505	17	not	not	PART
cjfa-37579	505	18	be	be	AUX
cjfa-37579	505	19	rejected	reject	VERB
cjfa-37579	505	20	,	,	PUNCT
cjfa-37579	505	21	which	which	PRON
cjfa-37579	505	22	shows	show	VERB
cjfa-37579	505	23	that	that	SCONJ
cjfa-37579	505	24	the	the	DET
cjfa-37579	505	25	model	model	NOUN
cjfa-37579	505	26	is	be	AUX
cjfa-37579	505	27	good	good	ADJ
cjfa-37579	505	28	and	and	CCONJ
cjfa-37579	505	29	desirable	desirable	ADJ
cjfa-37579	505	30	for	for	ADP
cjfa-37579	505	31	policy	policy	NOUN
cjfa-37579	505	32	consideration	consideration	NOUN
cjfa-37579	505	33	and	and	CCONJ
cjfa-37579	505	34	implementation	implementation	NOUN
cjfa-37579	505	35	.	.	PUNCT
cjfa-37579	505	36	 	 	SPACE
cjfa-37579	506	1	conclusion	conclusion	NOUN
cjfa-37579	506	2	and	and	CCONJ
cjfa-37579	506	3	recommendations	recommendation	NOUN
cjfa-37579	506	4	the	the	DET
cjfa-37579	506	5	study	study	NOUN
cjfa-37579	506	6	examined	examine	VERB
cjfa-37579	506	7	the	the	DET
cjfa-37579	506	8	risk	risk	NOUN
cjfa-37579	506	9	-	-	PUNCT
cjfa-37579	506	10	return	return	NOUN
cjfa-37579	506	11	relationship	relationship	NOUN
cjfa-37579	506	12	during	during	ADP
cjfa-37579	506	13	covid-19	covid-19	PROPN
cjfa-37579	506	14	on	on	ADP
cjfa-37579	506	15	the	the	DET
cjfa-37579	506	16	nigerian	nigerian	ADJ
cjfa-37579	506	17	stock	stock	NOUN
cjfa-37579	506	18	exchange	exchange	PROPN
cjfa-37579	506	19	(	(	PUNCT
cjfa-37579	506	20	nse	nse	NOUN
cjfa-37579	506	21	)	)	PUNCT
cjfa-37579	506	22	using	use	VERB
cjfa-37579	506	23	panel	panel	NOUN
cjfa-37579	506	24	data	datum	NOUN
cjfa-37579	506	25	of	of	ADP
cjfa-37579	506	26	ten	ten	NUM
cjfa-37579	506	27	(	(	PUNCT
cjfa-37579	506	28	10	10	NUM
cjfa-37579	506	29	)	)	PUNCT
cjfa-37579	506	30	sector	sector	NOUN
cjfa-37579	506	31	index	index	NOUN
cjfa-37579	506	32	returns	return	NOUN
cjfa-37579	506	33	.	.	PUNCT
cjfa-37579	507	1	panel	panel	NOUN
cjfa-37579	507	2	garch	garch	NOUN
cjfa-37579	507	3	methodology	methodology	NOUN
cjfa-37579	507	4	of	of	ADP
cjfa-37579	507	5	garch	garch	NOUN
cjfa-37579	507	6	-	-	PUNCT
cjfa-37579	507	7	in	in	ADP
cjfa-37579	507	8	-	-	PUNCT
cjfa-37579	507	9	mean	mean	NOUN
cjfa-37579	507	10	and	and	CCONJ
cjfa-37579	507	11	the	the	DET
cjfa-37579	507	12	tgarch	tgarch	NOUN
cjfa-37579	507	13	models	model	NOUN
cjfa-37579	507	14	were	be	AUX
cjfa-37579	507	15	used	use	VERB
cjfa-37579	507	16	for	for	ADP
cjfa-37579	507	17	the	the	DET
cjfa-37579	507	18	analysis	analysis	NOUN
cjfa-37579	507	19	.	.	PUNCT
cjfa-37579	508	1	the	the	DET
cjfa-37579	508	2	mean	mean	ADJ
cjfa-37579	508	3	and	and	CCONJ
cjfa-37579	508	4	variance	variance	NOUN
cjfa-37579	508	5	equations	equation	NOUN
cjfa-37579	508	6	were	be	AUX
cjfa-37579	508	7	developed	develop	VERB
cjfa-37579	508	8	in	in	ADP
cjfa-37579	508	9	a	a	DET
cjfa-37579	508	10	panel	panel	NOUN
cjfa-37579	508	11	form	form	NOUN
cjfa-37579	508	12	as	as	SCONJ
cjfa-37579	508	13	suggested	suggest	VERB
cjfa-37579	508	14	by	by	ADP
cjfa-37579	508	15	cermeño	cermeño	NOUN
cjfa-37579	508	16	and	and	CCONJ
cjfa-37579	508	17	grier	grier	PROPN
cjfa-37579	508	18	(	(	PUNCT
cjfa-37579	508	19	2001	2001	NUM
cjfa-37579	508	20	)	)	PUNCT
cjfa-37579	508	21	.	.	PUNCT
cjfa-37579	509	1	findings	finding	NOUN
cjfa-37579	509	2	indicate	indicate	VERB
cjfa-37579	509	3	that	that	SCONJ
cjfa-37579	509	4	the	the	DET
cjfa-37579	509	5	return	return	NOUN
cjfa-37579	509	6	of	of	ADP
cjfa-37579	509	7	selected	select	VERB
cjfa-37579	509	8	ten	ten	NUM
cjfa-37579	509	9	sectorial	sectorial	ADJ
cjfa-37579	509	10	returns	return	NOUN
cjfa-37579	509	11	exhibits	exhibit	VERB
cjfa-37579	509	12	a	a	DET
cjfa-37579	509	13	positive	positive	ADJ
cjfa-37579	509	14	risk	risk	NOUN
cjfa-37579	509	15	-	-	PUNCT
cjfa-37579	509	16	return	return	NOUN
cjfa-37579	509	17	relationship	relationship	NOUN
cjfa-37579	509	18	during	during	ADP
cjfa-37579	509	19	the	the	DET
cjfa-37579	509	20	period	period	NOUN
cjfa-37579	509	21	under	under	ADP
cjfa-37579	509	22	consideration	consideration	NOUN
cjfa-37579	509	23	,	,	PUNCT
cjfa-37579	509	24	showing	show	VERB
cjfa-37579	509	25	that	that	SCONJ
cjfa-37579	509	26	the	the	DET
cjfa-37579	509	27	assets	asset	NOUN
cjfa-37579	509	28	are	be	AUX
cjfa-37579	509	29	not	not	PART
cjfa-37579	509	30	too	too	ADV
cjfa-37579	509	31	risky	risky	ADJ
cjfa-37579	509	32	to	to	PART
cjfa-37579	509	33	hold	hold	VERB
cjfa-37579	509	34	.	.	PUNCT
cjfa-37579	510	1	this	this	PRON
cjfa-37579	510	2	is	be	AUX
cjfa-37579	510	3	in	in	ADP
cjfa-37579	510	4	agreement	agreement	NOUN
cjfa-37579	510	5	with	with	ADP
cjfa-37579	510	6	the	the	DET
cjfa-37579	510	7	conventional	conventional	ADJ
cjfa-37579	510	8	view	view	NOUN
cjfa-37579	510	9	that	that	SCONJ
cjfa-37579	510	10	the	the	PRON
cjfa-37579	510	11	higher	high	ADJ
cjfa-37579	510	12	the	the	DET
cjfa-37579	510	13	return	return	NOUN
cjfa-37579	510	14	,	,	PUNCT
cjfa-37579	510	15	the	the	PRON
cjfa-37579	510	16	higher	high	ADJ
cjfa-37579	510	17	the	the	DET
cjfa-37579	510	18	risk	risk	NOUN
cjfa-37579	510	19	.	.	PUNCT
cjfa-37579	511	1	on	on	ADP
cjfa-37579	511	2	the	the	DET
cjfa-37579	511	3	other	other	ADJ
cjfa-37579	511	4	hand	hand	NOUN
cjfa-37579	511	5	,	,	PUNCT
cjfa-37579	511	6	stock	stock	NOUN
cjfa-37579	511	7	returns	return	NOUN
cjfa-37579	511	8	respond	respond	VERB
cjfa-37579	511	9	to	to	ADP
cjfa-37579	511	10	good	good	ADJ
cjfa-37579	511	11	news	news	NOUN
cjfa-37579	511	12	more	more	ADJ
cjfa-37579	511	13	than	than	SCONJ
cjfa-37579	511	14	they	they	PRON
cjfa-37579	511	15	do	do	VERB
cjfa-37579	511	16	to	to	ADP
cjfa-37579	511	17	the	the	DET
cjfa-37579	511	18	bad	bad	ADJ
cjfa-37579	511	19	news	news	NOUN
cjfa-37579	511	20	of	of	ADP
cjfa-37579	511	21	a	a	DET
cjfa-37579	511	22	similar	similar	ADJ
cjfa-37579	511	23	extent	extent	NOUN
cjfa-37579	511	24	on	on	ADP
cjfa-37579	511	25	the	the	DET
cjfa-37579	511	26	nigerian	nigerian	ADJ
cjfa-37579	511	27	stock	stock	NOUN
cjfa-37579	511	28	exchange	exchange	NOUN
cjfa-37579	511	29	during	during	ADP
cjfa-37579	511	30	covid-19	covid-19	PROPN
cjfa-37579	511	31	and	and	CCONJ
cjfa-37579	511	32	currentday	currentday	NOUN
cjfa-37579	511	33	returns	return	NOUN
cjfa-37579	511	34	respond	respond	VERB
cjfa-37579	511	35	to	to	ADP
cjfa-37579	511	36	past	past	ADJ
cjfa-37579	511	37	returns	return	NOUN
cjfa-37579	511	38	during	during	ADP
cjfa-37579	511	39	the	the	DET
cjfa-37579	511	40	period	period	NOUN
cjfa-37579	511	41	.	.	PUNCT
cjfa-37579	512	1	this	this	PRON
cjfa-37579	512	2	indicates	indicate	VERB
cjfa-37579	512	3	that	that	SCONJ
cjfa-37579	512	4	the	the	DET
cjfa-37579	512	5	nigerian	nigerian	ADJ
cjfa-37579	512	6	stock	stock	NOUN
cjfa-37579	512	7	market	market	NOUN
cjfa-37579	512	8	is	be	AUX
cjfa-37579	512	9	resilient	resilient	ADJ
cjfa-37579	512	10	and	and	CCONJ
cjfa-37579	512	11	was	be	AUX
cjfa-37579	512	12	able	able	ADJ
cjfa-37579	512	13	to	to	PART
cjfa-37579	512	14	resist	resist	VERB
cjfa-37579	512	15	the	the	DET
cjfa-37579	512	16	impact	impact	NOUN
cjfa-37579	512	17	of	of	ADP
cjfa-37579	512	18	covid-19	covid-19	PROPN
cjfa-37579	512	19	contrary	contrary	NOUN
cjfa-37579	512	20	to	to	ADP
cjfa-37579	512	21	findings	finding	NOUN
cjfa-37579	512	22	in	in	ADP
cjfa-37579	512	23	the	the	DET
cjfa-37579	512	24	advanced	advanced	ADJ
cjfa-37579	512	25	stock	stock	NOUN
cjfa-37579	512	26	market	market	NOUN
cjfa-37579	512	27	.	.	PUNCT
cjfa-37579	513	1	the	the	DET
cjfa-37579	513	2	reason	reason	NOUN
cjfa-37579	513	3	for	for	ADP
cjfa-37579	513	4	this	this	PRON
cjfa-37579	513	5	may	may	AUX
cjfa-37579	513	6	be	be	AUX
cjfa-37579	513	7	connected	connect	VERB
cjfa-37579	513	8	to	to	ADP
cjfa-37579	513	9	the	the	DET
cjfa-37579	513	10	various	various	ADJ
cjfa-37579	513	11	policy	policy	NOUN
cjfa-37579	513	12	responses	response	NOUN
cjfa-37579	513	13	of	of	ADP
cjfa-37579	513	14	the	the	DET
cjfa-37579	513	15	financial	financial	ADJ
cjfa-37579	513	16	sector	sector	NOUN
cjfa-37579	513	17	regulatory	regulatory	ADJ
cjfa-37579	513	18	kamaldeen	kamaldeen	VERB
cjfa-37579	513	19	ibraheem	ibraheem	PROPN
cjfa-37579	513	20	nageri114	nageri114	PROPN
cjfa-37579	513	21	authorities	authority	NOUN
cjfa-37579	513	22	such	such	ADJ
cjfa-37579	513	23	as	as	ADP
cjfa-37579	513	24	the	the	DET
cjfa-37579	513	25	central	central	ADJ
cjfa-37579	513	26	bank	bank	PROPN
cjfa-37579	513	27	of	of	ADP
cjfa-37579	513	28	nigeria	nigeria	PROPN
cjfa-37579	513	29	(	(	PUNCT
cjfa-37579	513	30	cbn	cbn	PROPN
cjfa-37579	513	31	)	)	PUNCT
cjfa-37579	513	32	and	and	CCONJ
cjfa-37579	513	33	securities	security	NOUN
cjfa-37579	513	34	and	and	CCONJ
cjfa-37579	513	35	exchange	exchange	PROPN
cjfa-37579	513	36	commission	commission	PROPN
cjfa-37579	513	37	(	(	PUNCT
cjfa-37579	513	38	sec	sec	PROPN
cjfa-37579	513	39	)	)	PUNCT
cjfa-37579	513	40	to	to	PART
cjfa-37579	513	41	cushion	cushion	VERB
cjfa-37579	513	42	the	the	DET
cjfa-37579	513	43	effects	effect	NOUN
cjfa-37579	513	44	of	of	ADP
cjfa-37579	513	45	the	the	DET
cjfa-37579	513	46	pandemic	pandemic	NOUN
cjfa-37579	513	47	.	.	PUNCT
cjfa-37579	514	1	the	the	DET
cjfa-37579	514	2	top	top	ADJ
cjfa-37579	514	3	fifty	fifty	NUM
cjfa-37579	514	4	listed	list	VERB
cjfa-37579	514	5	companies	company	NOUN
cjfa-37579	514	6	,	,	PUNCT
cjfa-37579	514	7	listed	list	VERB
cjfa-37579	514	8	banks	bank	NOUN
cjfa-37579	514	9	,	,	PUNCT
cjfa-37579	514	10	listed	list	VERB
cjfa-37579	514	11	insurance	insurance	NOUN
cjfa-37579	514	12	companies	company	NOUN
cjfa-37579	514	13	and	and	CCONJ
cjfa-37579	514	14	the	the	DET
cjfa-37579	514	15	top	top	ADJ
cjfa-37579	514	16	forty	forty	NUM
cjfa-37579	514	17	listed	list	VERB
cjfa-37579	514	18	have	have	AUX
cjfa-37579	514	19	remained	remain	VERB
cjfa-37579	514	20	more	more	ADV
cjfa-37579	514	21	attractive	attractive	ADJ
cjfa-37579	514	22	to	to	ADP
cjfa-37579	514	23	investors	investor	NOUN
cjfa-37579	514	24	.	.	PUNCT
cjfa-37579	515	1	the	the	DET
cjfa-37579	515	2	performance	performance	NOUN
cjfa-37579	515	3	of	of	ADP
cjfa-37579	515	4	the	the	DET
cjfa-37579	515	5	other	other	ADJ
cjfa-37579	515	6	sectors	sector	NOUN
cjfa-37579	515	7	(	(	PUNCT
cjfa-37579	515	8	consumer	consumer	NOUN
cjfa-37579	515	9	goods	good	NOUN
cjfa-37579	515	10	,	,	PUNCT
cjfa-37579	515	11	industrial	industrial	ADJ
cjfa-37579	515	12	sector	sector	NOUN
cjfa-37579	515	13	,	,	PUNCT
cjfa-37579	515	14	shari’ah	shari’ah	NOUN
cjfa-37579	515	15	compliant	compliant	ADJ
cjfa-37579	515	16	companies	company	NOUN
cjfa-37579	515	17	,	,	PUNCT
cjfa-37579	515	18	companies	company	NOUN
cjfa-37579	515	19	listed	list	VERB
cjfa-37579	515	20	on	on	ADP
cjfa-37579	515	21	the	the	DET
cjfa-37579	515	22	premium	premium	NOUN
cjfa-37579	515	23	board	board	NOUN
cjfa-37579	515	24	and	and	CCONJ
cjfa-37579	515	25	the	the	DET
cjfa-37579	515	26	top	top	ADJ
cjfa-37579	515	27	thirty	thirty	NUM
cjfa-37579	515	28	listed	list	VERB
cjfa-37579	515	29	companies	company	NOUN
cjfa-37579	515	30	)	)	PUNCT
cjfa-37579	515	31	can	can	AUX
cjfa-37579	515	32	be	be	AUX
cjfa-37579	515	33	attributed	attribute	VERB
cjfa-37579	515	34	to	to	ADP
cjfa-37579	515	35	high	high	ADJ
cjfa-37579	515	36	inflation	inflation	NOUN
cjfa-37579	515	37	,	,	PUNCT
cjfa-37579	515	38	loss	loss	NOUN
cjfa-37579	515	39	of	of	ADP
cjfa-37579	515	40	income	income	NOUN
cjfa-37579	515	41	and	and	CCONJ
cjfa-37579	515	42	growing	grow	VERB
cjfa-37579	515	43	unemployment	unemployment	NOUN
cjfa-37579	515	44	.	.	PUNCT
cjfa-37579	516	1	the	the	DET
cjfa-37579	516	2	oil	oil	NOUN
cjfa-37579	516	3	and	and	CCONJ
cjfa-37579	516	4	gas	gas	NOUN
cjfa-37579	516	5	sector	sector	NOUN
cjfa-37579	516	6	can	can	AUX
cjfa-37579	516	7	be	be	AUX
cjfa-37579	516	8	attributed	attribute	VERB
cjfa-37579	516	9	to	to	ADP
cjfa-37579	516	10	the	the	DET
cjfa-37579	516	11	high	high	ADJ
cjfa-37579	516	12	volatility	volatility	NOUN
cjfa-37579	516	13	in	in	ADP
cjfa-37579	516	14	the	the	DET
cjfa-37579	516	15	price	price	NOUN
cjfa-37579	516	16	of	of	ADP
cjfa-37579	516	17	oil	oil	NOUN
cjfa-37579	516	18	throughout	throughout	ADP
cjfa-37579	516	19	the	the	DET
cjfa-37579	516	20	world	world	NOUN
cjfa-37579	516	21	.	.	PUNCT
cjfa-37579	517	1	finally	finally	ADV
cjfa-37579	517	2	,	,	PUNCT
cjfa-37579	517	3	the	the	DET
cjfa-37579	517	4	study	study	NOUN
cjfa-37579	517	5	suggests	suggest	VERB
cjfa-37579	517	6	that	that	SCONJ
cjfa-37579	517	7	policymakers	policymaker	NOUN
cjfa-37579	517	8	should	should	AUX
cjfa-37579	517	9	be	be	AUX
cjfa-37579	517	10	more	more	ADV
cjfa-37579	517	11	sincere	sincere	ADJ
cjfa-37579	517	12	,	,	PUNCT
cjfa-37579	517	13	ingenuine	ingenuine	NOUN
cjfa-37579	517	14	and	and	CCONJ
cjfa-37579	517	15	pay	pay	VERB
cjfa-37579	517	16	more	more	ADJ
cjfa-37579	517	17	attention	attention	NOUN
cjfa-37579	517	18	to	to	ADP
cjfa-37579	517	19	the	the	DET
cjfa-37579	517	20	nigerian	nigerian	ADJ
cjfa-37579	517	21	stock	stock	NOUN
cjfa-37579	517	22	market	market	NOUN
cjfa-37579	517	23	for	for	ADP
cjfa-37579	517	24	opportunities	opportunity	NOUN
cjfa-37579	517	25	abound	abound	VERB
cjfa-37579	517	26	in	in	ADP
cjfa-37579	517	27	the	the	DET
cjfa-37579	517	28	market	market	NOUN
cjfa-37579	517	29	for	for	ADP
cjfa-37579	517	30	post	post	ADJ
cjfa-37579	517	31	-	-	ADJ
cjfa-37579	517	32	covid-19	covid-19	ADJ
cjfa-37579	517	33	economic	economic	ADJ
cjfa-37579	517	34	recovery	recovery	NOUN
cjfa-37579	517	35	and	and	CCONJ
cjfa-37579	517	36	to	to	PART
cjfa-37579	517	37	leverage	leverage	NOUN
cjfa-37579	517	38	on	on	ADP
cjfa-37579	517	39	the	the	DET
cjfa-37579	517	40	ability	ability	NOUN
cjfa-37579	517	41	of	of	ADP
cjfa-37579	517	42	the	the	DET
cjfa-37579	517	43	market	market	NOUN
cjfa-37579	517	44	to	to	PART
cjfa-37579	517	45	resist	resist	VERB
cjfa-37579	517	46	the	the	DET
cjfa-37579	517	47	pandemic	pandemic	NOUN
cjfa-37579	517	48	to	to	PART
cjfa-37579	517	49	encourage	encourage	VERB
cjfa-37579	517	50	more	more	ADJ
cjfa-37579	517	51	listing	listing	NOUN
cjfa-37579	517	52	on	on	ADP
cjfa-37579	517	53	the	the	DET
cjfa-37579	517	54	stock	stock	NOUN
cjfa-37579	517	55	market	market	NOUN
cjfa-37579	517	56	.	.	PUNCT
cjfa-37579	517	57	 	 	SPACE
cjfa-37579	518	1	references	reference	NOUN
cjfa-37579	518	2	alade	alade	PROPN
cjfa-37579	518	3	,	,	PUNCT
cjfa-37579	518	4	e.m	e.m	PROPN
cjfa-37579	518	5	.	.	PROPN
cjfa-37579	518	6	,	,	PUNCT
cjfa-37579	518	7	adeusi	adeusi	PROPN
cjfa-37579	518	8	,	,	PUNCT
cjfa-37579	518	9	a.s	a.s	PROPN
cjfa-37579	518	10	.	.	PROPN
cjfa-37579	518	11	,	,	PUNCT
cjfa-37579	518	12	&	&	CCONJ
cjfa-37579	518	13	alade	alade	PROPN
cjfa-37579	518	14	,	,	PUNCT
cjfa-37579	518	15	o.f	o.f	PROPN
cjfa-37579	518	16	.	.	PROPN
cjfa-37579	518	17	(	(	PUNCT
cjfa-37579	518	18	2020	2020	NUM
cjfa-37579	518	19	)	)	PUNCT
cjfa-37579	518	20	.	.	PUNCT
cjfa-37579	519	1	covid-19	covid-19	PROPN
cjfa-37579	519	2	pandemic	pandemic	ADJ
cjfa-37579	519	3	and	and	CCONJ
cjfa-37579	519	4	nigerian	nigerian	ADJ
cjfa-37579	519	5	stock	stock	NOUN
cjfa-37579	519	6	market	market	NOUN
cjfa-37579	519	7	capitalization	capitalization	NOUN
cjfa-37579	519	8	.	.	PUNCT
cjfa-37579	520	1	ilorin	ilorin	PROPN
cjfa-37579	520	2	journal	journal	PROPN
cjfa-37579	520	3	of	of	ADP
cjfa-37579	520	4	economic	economic	ADJ
cjfa-37579	520	5	policy	policy	NOUN
cjfa-37579	520	6	,	,	PUNCT
cjfa-37579	520	7	7(3	7(3	NUM
cjfa-37579	520	8	)	)	PUNCT
cjfa-37579	520	9	,	,	PUNCT
cjfa-37579	520	10	12	12	NUM
cjfa-37579	520	11	-	-	SYM
cjfa-37579	520	12	23	23	NUM
cjfa-37579	520	13	.	.	PUNCT
cjfa-37579	521	1	ashraf	ashraf	PROPN
cjfa-37579	521	2	,	,	PUNCT
cjfa-37579	521	3	b.n	b.n	PROPN
cjfa-37579	521	4	.	.	PROPN
cjfa-37579	521	5	(	(	PUNCT
cjfa-37579	521	6	2020	2020	NUM
cjfa-37579	521	7	)	)	PUNCT
cjfa-37579	521	8	.	.	PUNCT
cjfa-37579	522	1	stock	stock	NOUN
cjfa-37579	522	2	markets	market	NOUN
cjfa-37579	522	3	’	'	PUNCT
cjfa-37579	522	4	reaction	reaction	NOUN
cjfa-37579	522	5	to	to	ADP
cjfa-37579	522	6	covid-19	covid-19	PROPN
cjfa-37579	522	7	:	:	PUNCT
cjfa-37579	522	8	cases	case	NOUN
cjfa-37579	522	9	or	or	CCONJ
cjfa-37579	522	10	fatalities	fatality	NOUN
cjfa-37579	522	11	?	?	PUNCT
cjfa-37579	523	1	research	research	NOUN
cjfa-37579	523	2	in	in	ADP
cjfa-37579	523	3	international	international	ADJ
cjfa-37579	523	4	business	business	NOUN
cjfa-37579	523	5	and	and	CCONJ
cjfa-37579	523	6	finance	finance	NOUN
cjfa-37579	523	7	,	,	PUNCT
cjfa-37579	523	8	54	54	NUM
cjfa-37579	523	9	,	,	PUNCT
cjfa-37579	523	10	101249	101249	NUM
cjfa-37579	523	11	.	.	PUNCT
cjfa-37579	524	1	http://dx.doi.org/10.1016/j.ribaf.2020.101249	http://dx.doi.org/10.1016/j.ribaf.2020.101249	X
cjfa-37579	524	2	.	.	PUNCT
cjfa-37579	525	1	azimli	azimli	PROPN
cjfa-37579	525	2	,	,	PUNCT
cjfa-37579	525	3	a.	a.	NOUN
cjfa-37579	525	4	(	(	PUNCT
cjfa-37579	525	5	2020	2020	NUM
cjfa-37579	525	6	)	)	PUNCT
cjfa-37579	525	7	.	.	PUNCT
cjfa-37579	526	1	the	the	DET
cjfa-37579	526	2	impact	impact	NOUN
cjfa-37579	526	3	of	of	ADP
cjfa-37579	526	4	covid-19	covid-19	PROPN
cjfa-37579	526	5	on	on	ADP
cjfa-37579	526	6	the	the	DET
cjfa-37579	526	7	degree	degree	NOUN
cjfa-37579	526	8	of	of	ADP
cjfa-37579	526	9	dependence	dependence	NOUN
cjfa-37579	526	10	and	and	CCONJ
cjfa-37579	526	11	structure	structure	NOUN
cjfa-37579	526	12	of	of	ADP
cjfa-37579	526	13	risk	risk	NOUN
cjfa-37579	526	14	return	return	NOUN
cjfa-37579	526	15	relationship	relationship	NOUN
cjfa-37579	526	16	:	:	PUNCT
cjfa-37579	526	17	a	a	DET
cjfa-37579	526	18	quantile	quantile	ADJ
cjfa-37579	526	19	regression	regression	NOUN
cjfa-37579	526	20	approach	approach	NOUN
cjfa-37579	526	21	.	.	PUNCT
cjfa-37579	527	1	finance	finance	NOUN
cjfa-37579	527	2	research	research	NOUN
cjfa-37579	527	3	letters	letter	NOUN
cjfa-37579	527	4	,	,	PUNCT
cjfa-37579	527	5	36	36	NUM
cjfa-37579	527	6	,	,	PUNCT
cjfa-37579	527	7	101648	101648	NUM
cjfa-37579	527	8	.	.	PUNCT
cjfa-37579	528	1	http://dx.doi.org/10.1016/j.frl.2020.101648	http://dx.doi.org/10.1016/j.frl.2020.101648	NOUN
cjfa-37579	528	2	.	.	PUNCT
cjfa-37579	529	1	bollerslev	bollerslev	PROPN
cjfa-37579	529	2	,	,	PUNCT
cjfa-37579	529	3	t.	t.	PROPN
cjfa-37579	529	4	(	(	PUNCT
cjfa-37579	529	5	1986	1986	NUM
cjfa-37579	529	6	)	)	PUNCT
cjfa-37579	529	7	.	.	PUNCT
cjfa-37579	530	1	generalised	generalise	VERB
cjfa-37579	530	2	autoregressive	autoregressive	ADJ
cjfa-37579	530	3	conditional	conditional	ADJ
cjfa-37579	530	4	heteroscedasticity	heteroscedasticity	NOUN
cjfa-37579	530	5	.	.	PUNCT
cjfa-37579	531	1	journal	journal	PROPN
cjfa-37579	531	2	of	of	ADP
cjfa-37579	531	3	econometrics	econometric	NOUN
cjfa-37579	531	4	,	,	PUNCT
cjfa-37579	531	5	31(3	31(3	NUM
cjfa-37579	531	6	)	)	PUNCT
cjfa-37579	531	7	,	,	PUNCT
cjfa-37579	531	8	307	307	NUM
cjfa-37579	531	9	-	-	SYM
cjfa-37579	531	10	327	327	NUM
cjfa-37579	531	11	.	.	PUNCT
cjfa-37579	532	1	http://dx.doi.org/10.1016/0304-4076(86)90063-1	http://dx.doi.org/10.1016/0304-4076(86)90063-1	PROPN
cjfa-37579	532	2	.	.	PUNCT
cjfa-37579	533	1	brandt	brandt	PROPN
cjfa-37579	533	2	,	,	PUNCT
cjfa-37579	533	3	m.w	m.w	PROPN
cjfa-37579	533	4	.	.	PROPN
cjfa-37579	533	5	,	,	PUNCT
cjfa-37579	533	6	&	&	CCONJ
cjfa-37579	533	7	kang	kang	PROPN
cjfa-37579	533	8	,	,	PUNCT
cjfa-37579	533	9	q.	q.	PROPN
cjfa-37579	533	10	(	(	PUNCT
cjfa-37579	533	11	2004	2004	NUM
cjfa-37579	533	12	)	)	PUNCT
cjfa-37579	533	13	.	.	PUNCT
cjfa-37579	534	1	on	on	ADP
cjfa-37579	534	2	the	the	DET
cjfa-37579	534	3	relationship	relationship	NOUN
cjfa-37579	534	4	between	between	ADP
cjfa-37579	534	5	the	the	DET
cjfa-37579	534	6	conditional	conditional	ADJ
cjfa-37579	534	7	mean	mean	NOUN
cjfa-37579	534	8	and	and	CCONJ
cjfa-37579	534	9	volatility	volatility	NOUN
cjfa-37579	534	10	of	of	ADP
cjfa-37579	534	11	stock	stock	NOUN
cjfa-37579	534	12	returns	return	NOUN
cjfa-37579	534	13	:	:	PUNCT
cjfa-37579	534	14	a	a	DET
cjfa-37579	534	15	latent	latent	NOUN
cjfa-37579	534	16	var	var	NOUN
cjfa-37579	534	17	approach	approach	NOUN
cjfa-37579	534	18	.	.	PUNCT
cjfa-37579	535	1	journal	journal	NOUN
cjfa-37579	535	2	of	of	ADP
cjfa-37579	535	3	financial	financial	ADJ
cjfa-37579	535	4	economics	economic	NOUN
cjfa-37579	535	5	,	,	PUNCT
cjfa-37579	535	6	72(2	72(2	NOUN
cjfa-37579	535	7	)	)	PUNCT
cjfa-37579	535	8	,	,	PUNCT
cjfa-37579	535	9	217	217	NUM
cjfa-37579	535	10	-	-	SYM
cjfa-37579	535	11	257	257	NUM
cjfa-37579	535	12	.	.	PUNCT
cjfa-37579	536	1	campbell	campbell	PROPN
cjfa-37579	536	2	,	,	PUNCT
cjfa-37579	536	3	j.y	j.y	PROPN
cjfa-37579	536	4	.	.	PROPN
cjfa-37579	536	5	,	,	PUNCT
cjfa-37579	536	6	lettau	lettau	PROPN
cjfa-37579	536	7	,	,	PUNCT
cjfa-37579	536	8	m.	m.	NOUN
cjfa-37579	536	9	,	,	PUNCT
cjfa-37579	536	10	malkiel	malkiel	PROPN
cjfa-37579	536	11	,	,	PUNCT
cjfa-37579	536	12	b.g	b.g	PROPN
cjfa-37579	536	13	.	.	PROPN
cjfa-37579	536	14	,	,	PUNCT
cjfa-37579	536	15	&	&	CCONJ
cjfa-37579	536	16	xu	xu	PROPN
cjfa-37579	536	17	,	,	PUNCT
cjfa-37579	536	18	y.	y.	PROPN
cjfa-37579	536	19	(	(	PUNCT
cjfa-37579	536	20	2001	2001	NUM
cjfa-37579	536	21	)	)	PUNCT
cjfa-37579	536	22	.	.	PUNCT
cjfa-37579	537	1	have	have	VERB
cjfa-37579	537	2	individual	individual	ADJ
cjfa-37579	537	3	stocks	stock	NOUN
cjfa-37579	537	4	become	become	VERB
cjfa-37579	537	5	more	more	ADV
cjfa-37579	537	6	volatile	volatile	ADJ
cjfa-37579	537	7	?	?	PUNCT
cjfa-37579	538	1	an	an	DET
cjfa-37579	538	2	empirical	empirical	ADJ
cjfa-37579	538	3	exploration	exploration	NOUN
cjfa-37579	538	4	of	of	ADP
cjfa-37579	538	5	idiosyncratic	idiosyncratic	ADJ
cjfa-37579	538	6	risk	risk	NOUN
cjfa-37579	538	7	.	.	PUNCT
cjfa-37579	539	1	journal	journal	NOUN
cjfa-37579	539	2	of	of	ADP
cjfa-37579	539	3	finance	finance	NOUN
cjfa-37579	539	4	,	,	PUNCT
cjfa-37579	539	5	56(1	56(1	NUM
cjfa-37579	539	6	)	)	PUNCT
cjfa-37579	539	7	,	,	PUNCT
cjfa-37579	539	8	1	1	NUM
cjfa-37579	539	9	-	-	SYM
cjfa-37579	539	10	43	43	NUM
cjfa-37579	539	11	.	.	PUNCT
cjfa-37579	540	1	http://dx.doi.org/10.1111/0022-1082.00318	http://dx.doi.org/10.1111/0022-1082.00318	PROPN
cjfa-37579	540	2	.	.	PUNCT
cjfa-37579	540	3	cermeño	cermeño	PROPN
cjfa-37579	540	4	,	,	PUNCT
cjfa-37579	540	5	r.	r.	PROPN
cjfa-37579	540	6	,	,	PUNCT
cjfa-37579	540	7	&	&	CCONJ
cjfa-37579	540	8	grier	grier	PROPN
cjfa-37579	540	9	,	,	PUNCT
cjfa-37579	540	10	k.b	k.b	PROPN
cjfa-37579	540	11	.	.	PUNCT
cjfa-37579	540	12	(	(	PUNCT
cjfa-37579	540	13	2001	2001	NUM
cjfa-37579	540	14	)	)	PUNCT
cjfa-37579	540	15	.	.	PUNCT
cjfa-37579	541	1	modelling	model	VERB
cjfa-37579	541	2	garch	garch	NOUN
cjfa-37579	541	3	processes	process	NOUN
cjfa-37579	541	4	in	in	ADP
cjfa-37579	541	5	panel	panel	NOUN
cjfa-37579	541	6	data	datum	NOUN
cjfa-37579	541	7	:	:	PUNCT
cjfa-37579	541	8	theory	theory	NOUN
cjfa-37579	541	9	,	,	PUNCT
cjfa-37579	541	10	simulations	simulation	NOUN
cjfa-37579	541	11	and	and	CCONJ
cjfa-37579	541	12	examples	example	NOUN
cjfa-37579	541	13	.	.	PUNCT
cjfa-37579	542	1	lacea	lacea	PROPN
cjfa-37579	542	2	2001	2001	NUM
cjfa-37579	542	3	:	:	PUNCT
cjfa-37579	542	4	annual	annual	ADJ
cjfa-37579	542	5	conference	conference	NOUN
cjfa-37579	542	6	.	.	PUNCT
cjfa-37579	543	1	montevideo	montevideo	PROPN
cjfa-37579	543	2	,	,	PUNCT
cjfa-37579	543	3	uruguay	uruguay	PROPN
cjfa-37579	543	4	.	.	PUNCT
cjfa-37579	544	1	coffie	coffie	PROPN
cjfa-37579	544	2	,	,	PUNCT
cjfa-37579	544	3	w.	w.	PROPN
cjfa-37579	544	4	(	(	PUNCT
cjfa-37579	544	5	2015	2015	NUM
cjfa-37579	544	6	)	)	PUNCT
cjfa-37579	544	7	.	.	PUNCT
cjfa-37579	545	1	modelling	modelling	NOUN
cjfa-37579	545	2	and	and	CCONJ
cjfa-37579	545	3	forecasting	forecast	VERB
cjfa-37579	545	4	the	the	DET
cjfa-37579	545	5	conditional	conditional	ADJ
cjfa-37579	545	6	heteroskedasticity	heteroskedasticity	NOUN
cjfa-37579	545	7	of	of	ADP
cjfa-37579	545	8	stock	stock	NOUN
cjfa-37579	545	9	returns	return	NOUN
cjfa-37579	545	10	using	use	VERB
cjfa-37579	545	11	asymmetric	asymmetric	ADJ
cjfa-37579	545	12	models	model	NOUN
cjfa-37579	545	13	:	:	PUNCT
cjfa-37579	545	14	empirical	empirical	ADJ
cjfa-37579	545	15	evidence	evidence	NOUN
cjfa-37579	545	16	from	from	ADP
cjfa-37579	545	17	ghana	ghana	PROPN
cjfa-37579	545	18	and	and	CCONJ
cjfa-37579	545	19	nigeria	nigeria	PROPN
cjfa-37579	545	20	.	.	PUNCT
cjfa-37579	546	1	journal	journal	PROPN
cjfa-37579	546	2	of	of	ADP
cjfa-37579	546	3	accounting	accounting	NOUN
cjfa-37579	546	4	and	and	CCONJ
cjfa-37579	546	5	finance	finance	NOUN
cjfa-37579	546	6	,	,	PUNCT
cjfa-37579	546	7	15(5	15(5	NUM
cjfa-37579	546	8	)	)	PUNCT
cjfa-37579	546	9	,	,	PUNCT
cjfa-37579	546	10	109	109	NUM
cjfa-37579	546	11	-	-	SYM
cjfa-37579	546	12	123	123	NUM
cjfa-37579	546	13	engle	engle	NOUN
cjfa-37579	546	14	,	,	PUNCT
cjfa-37579	546	15	r.f	r.f	PROPN
cjfa-37579	546	16	.	.	PROPN
cjfa-37579	546	17	(	(	PUNCT
cjfa-37579	546	18	1982	1982	NUM
cjfa-37579	546	19	)	)	PUNCT
cjfa-37579	546	20	.	.	PUNCT
cjfa-37579	547	1	autoregressive	autoregressive	ADJ
cjfa-37579	547	2	conditional	conditional	ADJ
cjfa-37579	547	3	heteroskedasticity	heteroskedasticity	NOUN
cjfa-37579	547	4	with	with	ADP
cjfa-37579	547	5	estimates	estimate	NOUN
cjfa-37579	547	6	of	of	ADP
cjfa-37579	547	7	the	the	DET
cjfa-37579	547	8	variance	variance	NOUN
cjfa-37579	547	9	of	of	ADP
cjfa-37579	547	10	united	united	PROPN
cjfa-37579	547	11	kingdom	kingdom	PROPN
cjfa-37579	547	12	inflation	inflation	NOUN
cjfa-37579	547	13	.	.	PUNCT
cjfa-37579	548	1	econometrica	econometrica	PROPN
cjfa-37579	548	2	,	,	PUNCT
cjfa-37579	548	3	50(4	50(4	NUM
cjfa-37579	548	4	)	)	PUNCT
cjfa-37579	548	5	,	,	PUNCT
cjfa-37579	548	6	987	987	NUM
cjfa-37579	548	7	-	-	SYM
cjfa-37579	548	8	1007	1007	NUM
cjfa-37579	548	9	.	.	PUNCT
cjfa-37579	549	1	risk	risk	NOUN
cjfa-37579	549	2	-	-	PUNCT
cjfa-37579	549	3	return	return	NOUN
cjfa-37579	549	4	relationship	relationship	NOUN
cjfa-37579	549	5	in	in	ADP
cjfa-37579	549	6	the	the	DET
cjfa-37579	549	7	nigerian	nigerian	ADJ
cjfa-37579	549	8	stock	stock	NOUN
cjfa-37579	549	9	market	market	NOUN
cjfa-37579	549	10	…	…	PUNCT
cjfa-37579	549	11	115	115	NUM
cjfa-37579	549	12	fisher	fisher	PROPN
cjfa-37579	549	13	,	,	PUNCT
cjfa-37579	549	14	i.n	i.n	PROPN
cjfa-37579	549	15	.	.	PROPN
cjfa-37579	549	16	,	,	PUNCT
cjfa-37579	549	17	&	&	CCONJ
cjfa-37579	549	18	hall	hall	PROPN
cjfa-37579	549	19	,	,	PUNCT
cjfa-37579	549	20	g.r	g.r	PROPN
cjfa-37579	549	21	.	.	PUNCT
cjfa-37579	549	22	(	(	PUNCT
cjfa-37579	549	23	1969	1969	NUM
cjfa-37579	549	24	)	)	PUNCT
cjfa-37579	549	25	.	.	PUNCT
cjfa-37579	550	1	risk	risk	NOUN
cjfa-37579	550	2	and	and	CCONJ
cjfa-37579	550	3	corporate	corporate	ADJ
cjfa-37579	550	4	rate	rate	NOUN
cjfa-37579	550	5	of	of	ADP
cjfa-37579	550	6	return	return	NOUN
cjfa-37579	550	7	.	.	PUNCT
cjfa-37579	551	1	quarterly	quarterly	ADJ
cjfa-37579	551	2	journal	journal	NOUN
cjfa-37579	551	3	of	of	ADP
cjfa-37579	551	4	economics	economic	NOUN
cjfa-37579	551	5	,	,	PUNCT
cjfa-37579	551	6	83(1	83(1	PROPN
cjfa-37579	551	7	)	)	PUNCT
cjfa-37579	551	8	,	,	PUNCT
cjfa-37579	551	9	79	79	NUM
cjfa-37579	551	10	-	-	SYM
cjfa-37579	551	11	92	92	NUM
cjfa-37579	551	12	.	.	PUNCT
cjfa-37579	552	1	http://dx.doi.org/10.2307/1883994	http://dx.doi.org/10.2307/1883994	NOUN
cjfa-37579	552	2	.	.	PUNCT
cjfa-37579	553	1	ghysels	ghysel	NOUN
cjfa-37579	553	2	,	,	PUNCT
cjfa-37579	553	3	e.	e.	PROPN
cjfa-37579	553	4	,	,	PUNCT
cjfa-37579	553	5	plazzi	plazzi	PROPN
cjfa-37579	553	6	,	,	PUNCT
cjfa-37579	553	7	a.	a.	NOUN
cjfa-37579	553	8	,	,	PUNCT
cjfa-37579	553	9	&	&	CCONJ
cjfa-37579	553	10	valkanov	valkanov	PROPN
cjfa-37579	553	11	,	,	PUNCT
cjfa-37579	553	12	r.	r.	PROPN
cjfa-37579	553	13	(	(	PUNCT
cjfa-37579	553	14	2016	2016	NUM
cjfa-37579	553	15	)	)	PUNCT
cjfa-37579	553	16	.	.	PUNCT
cjfa-37579	554	1	the	the	DET
cjfa-37579	554	2	risk	risk	NOUN
cjfa-37579	554	3	-	-	PUNCT
cjfa-37579	554	4	return	return	NOUN
cjfa-37579	554	5	relationship	relationship	NOUN
cjfa-37579	554	6	and	and	CCONJ
cjfa-37579	554	7	financial	financial	ADJ
cjfa-37579	554	8	crises	crisis	NOUN
cjfa-37579	554	9	.	.	PUNCT
cjfa-37579	555	1	ssrn	ssrn	PROPN
cjfa-37579	555	2	working	working	PROPN
cjfa-37579	555	3	paper	paper	NOUN
cjfa-37579	555	4	,	,	PUNCT
cjfa-37579	555	5	1	1	NUM
cjfa-37579	555	6	-	-	SYM
cjfa-37579	555	7	19	19	NUM
cjfa-37579	555	8	.	.	PUNCT
cjfa-37579	556	1	http://dx.doi.org/10.2139/ssrn.2776702	http://dx.doi.org/10.2139/ssrn.2776702	PROPN
cjfa-37579	556	2	.	.	PROPN
cjfa-37579	556	3	glosten	glosten	PROPN
cjfa-37579	556	4	,	,	PUNCT
cjfa-37579	556	5	l.r	l.r	PROPN
cjfa-37579	556	6	.	.	PROPN
cjfa-37579	556	7	,	,	PUNCT
cjfa-37579	556	8	jagannathan	jagannathan	PROPN
cjfa-37579	556	9	,	,	PUNCT
cjfa-37579	556	10	r.	r.	PROPN
cjfa-37579	556	11	,	,	PUNCT
cjfa-37579	556	12	&	&	CCONJ
cjfa-37579	556	13	runkle	runkle	PROPN
cjfa-37579	556	14	,	,	PUNCT
cjfa-37579	556	15	d.e	d.e	PROPN
cjfa-37579	556	16	.	.	PROPN
cjfa-37579	556	17	(	(	PUNCT
cjfa-37579	556	18	1993	1993	NUM
cjfa-37579	556	19	)	)	PUNCT
cjfa-37579	556	20	.	.	PUNCT
cjfa-37579	557	1	on	on	ADP
cjfa-37579	557	2	the	the	DET
cjfa-37579	557	3	relation	relation	NOUN
cjfa-37579	557	4	between	between	ADP
cjfa-37579	557	5	the	the	DET
cjfa-37579	557	6	expected	expect	VERB
cjfa-37579	557	7	value	value	NOUN
cjfa-37579	557	8	and	and	CCONJ
cjfa-37579	557	9	the	the	DET
cjfa-37579	557	10	volatility	volatility	NOUN
cjfa-37579	557	11	of	of	ADP
cjfa-37579	557	12	the	the	DET
cjfa-37579	557	13	nominal	nominal	ADJ
cjfa-37579	557	14	excess	excess	ADJ
cjfa-37579	557	15	return	return	NOUN
cjfa-37579	557	16	on	on	ADP
cjfa-37579	557	17	stocks	stock	NOUN
cjfa-37579	557	18	.	.	PUNCT
cjfa-37579	558	1	journal	journal	PROPN
cjfa-37579	558	2	of	of	ADP
cjfa-37579	558	3	finance	finance	NOUN
cjfa-37579	558	4	,	,	PUNCT
cjfa-37579	558	5	48(5	48(5	NUM
cjfa-37579	558	6	)	)	PUNCT
cjfa-37579	558	7	,	,	PUNCT
cjfa-37579	558	8	1779	1779	NUM
cjfa-37579	558	9	-	-	SYM
cjfa-37579	558	10	1801	1801	NUM
cjfa-37579	558	11	.	.	PUNCT
cjfa-37579	559	1	http://dx.doi.org/10.1111/j.1540-6261.1993.tb05128.x	http://dx.doi.org/10.1111/j.1540-6261.1993.tb05128.x	PROPN
cjfa-37579	559	2	.	.	PUNCT
cjfa-37579	560	1	guo	guo	PROPN
cjfa-37579	560	2	,	,	PUNCT
cjfa-37579	560	3	y.r	y.r	PROPN
cjfa-37579	560	4	.	.	PROPN
cjfa-37579	560	5	,	,	PUNCT
cjfa-37579	560	6	cao	cao	PROPN
cjfa-37579	560	7	,	,	PUNCT
cjfa-37579	560	8	q.d	q.d	PROPN
cjfa-37579	560	9	.	.	PROPN
cjfa-37579	560	10	,	,	PUNCT
cjfa-37579	560	11	hong	hong	PROPN
cjfa-37579	560	12	,	,	PUNCT
cjfa-37579	560	13	z.s	z.s	PROPN
cjfa-37579	560	14	.	.	PROPN
cjfa-37579	560	15	,	,	PUNCT
cjfa-37579	560	16	tan	tan	PROPN
cjfa-37579	560	17	,	,	PUNCT
cjfa-37579	560	18	y.y	y.y	PROPN
cjfa-37579	560	19	.	.	PROPN
cjfa-37579	560	20	,	,	PUNCT
cjfa-37579	560	21	chen	chen	PROPN
cjfa-37579	560	22	,	,	PUNCT
cjfa-37579	560	23	s.d	s.d	PROPN
cjfa-37579	560	24	.	.	PROPN
cjfa-37579	560	25	,	,	PUNCT
cjfa-37579	560	26	jin	jin	PROPN
cjfa-37579	560	27	,	,	PUNCT
cjfa-37579	560	28	h.j	h.j	PROPN
cjfa-37579	560	29	.	.	PROPN
cjfa-37579	560	30	,	,	PUNCT
cjfa-37579	560	31	tan	tan	PROPN
cjfa-37579	560	32	,	,	PUNCT
cjfa-37579	560	33	k.s	k.s	PROPN
cjfa-37579	560	34	.	.	PROPN
cjfa-37579	560	35	,	,	PUNCT
cjfa-37579	560	36	wang	wang	PROPN
cjfa-37579	560	37	,	,	PUNCT
cjfa-37579	560	38	d.e	d.e	PROPN
cjfa-37579	560	39	.	.	PROPN
cjfa-37579	560	40	,	,	PUNCT
cjfa-37579	560	41	&	&	CCONJ
cjfa-37579	560	42	yan	yan	PROPN
cjfa-37579	560	43	,	,	PUNCT
cjfa-37579	560	44	y.	y.	PROPN
cjfa-37579	560	45	(	(	PUNCT
cjfa-37579	560	46	2020	2020	NUM
cjfa-37579	560	47	)	)	PUNCT
cjfa-37579	560	48	the	the	DET
cjfa-37579	560	49	origin	origin	NOUN
cjfa-37579	560	50	,	,	PUNCT
cjfa-37579	560	51	transmission	transmission	NOUN
cjfa-37579	560	52	and	and	CCONJ
cjfa-37579	560	53	clinical	clinical	ADJ
cjfa-37579	560	54	therapies	therapy	NOUN
cjfa-37579	560	55	on	on	ADP
cjfa-37579	560	56	coronavirus	coronavirus	NOUN
cjfa-37579	560	57	disease	disease	NOUN
cjfa-37579	560	58	2019	2019	NUM
cjfa-37579	560	59	(	(	PUNCT
cjfa-37579	560	60	covid-19	covid-19	PROPN
cjfa-37579	560	61	)	)	PUNCT
cjfa-37579	560	62	outbreak	outbreak	NOUN
cjfa-37579	560	63	–	–	PUNCT
cjfa-37579	560	64	an	an	DET
cjfa-37579	560	65	update	update	NOUN
cjfa-37579	560	66	on	on	ADP
cjfa-37579	560	67	the	the	DET
cjfa-37579	560	68	status	status	NOUN
cjfa-37579	560	69	.	.	PUNCT
cjfa-37579	561	1	military	military	ADJ
cjfa-37579	561	2	medical	medical	ADJ
cjfa-37579	561	3	research	research	NOUN
cjfa-37579	561	4	,	,	PUNCT
cjfa-37579	561	5	7(11	7(11	NUM
cjfa-37579	561	6	)	)	PUNCT
cjfa-37579	561	7	,	,	PUNCT
cjfa-37579	561	8	1	1	NUM
cjfa-37579	561	9	-	-	SYM
cjfa-37579	561	10	10	10	NUM
cjfa-37579	561	11	.	.	PUNCT
cjfa-37579	562	1	http://dx.doi.org/10.1186/s40779-020-00240-0	http://dx.doi.org/10.1186/s40779-020-00240-0	NUM
cjfa-37579	562	2	.	.	PUNCT
cjfa-37579	563	1	guo	guo	PROPN
cjfa-37579	563	2	,	,	PUNCT
cjfa-37579	563	3	h.	h.	PROPN
cjfa-37579	563	4	,	,	PUNCT
cjfa-37579	563	5	&	&	CCONJ
cjfa-37579	563	6	whitelaw	whitelaw	PROPN
cjfa-37579	563	7	,	,	PUNCT
cjfa-37579	563	8	r.f	r.f	PROPN
cjfa-37579	563	9	.	.	PROPN
cjfa-37579	563	10	(	(	PUNCT
cjfa-37579	563	11	2006	2006	NUM
cjfa-37579	563	12	)	)	PUNCT
cjfa-37579	563	13	.	.	PUNCT
cjfa-37579	564	1	uncovering	uncover	VERB
cjfa-37579	564	2	the	the	DET
cjfa-37579	564	3	risk	risk	NOUN
cjfa-37579	564	4	-	-	PUNCT
cjfa-37579	564	5	return	return	NOUN
cjfa-37579	564	6	relation	relation	NOUN
cjfa-37579	564	7	in	in	ADP
cjfa-37579	564	8	the	the	DET
cjfa-37579	564	9	stock	stock	NOUN
cjfa-37579	564	10	market	market	NOUN
cjfa-37579	564	11	.	.	PUNCT
cjfa-37579	565	1	journal	journal	PROPN
cjfa-37579	565	2	of	of	ADP
cjfa-37579	565	3	finance	finance	NOUN
cjfa-37579	565	4	,	,	PUNCT
cjfa-37579	565	5	61(3	61(3	NUM
cjfa-37579	565	6	)	)	PUNCT
cjfa-37579	565	7	,	,	PUNCT
cjfa-37579	565	8	1433	1433	NUM
cjfa-37579	565	9	-	-	SYM
cjfa-37579	565	10	1463	1463	NUM
cjfa-37579	565	11	.	.	PUNCT
cjfa-37579	566	1	http://dx.doi.org/10.1111/j.15406261.2006.00877.x	http://dx.doi.org/10.1111/j.15406261.2006.00877.x	X
cjfa-37579	566	2	.	.	PUNCT
cjfa-37579	567	1	hu	hu	PROPN
cjfa-37579	567	2	,	,	PUNCT
cjfa-37579	567	3	b.	b.	PROPN
cjfa-37579	567	4	,	,	PUNCT
cjfa-37579	567	5	guo	guo	PROPN
cjfa-37579	567	6	,	,	PUNCT
cjfa-37579	567	7	h.	h.	PROPN
cjfa-37579	567	8	,	,	PUNCT
cjfa-37579	567	9	zhou	zhou	PROPN
cjfa-37579	567	10	,	,	PUNCT
cjfa-37579	567	11	p.	p.	PROPN
cjfa-37579	567	12	,	,	PUNCT
cjfa-37579	567	13	&	&	CCONJ
cjfa-37579	567	14	shi	shi	PROPN
cjfa-37579	567	15	,	,	PUNCT
cjfa-37579	567	16	z.	z.	PROPN
cjfa-37579	567	17	l.	l.	PROPN
cjfa-37579	567	18	(	(	PUNCT
cjfa-37579	567	19	2020	2020	NUM
cjfa-37579	567	20	)	)	PUNCT
cjfa-37579	567	21	.	.	PUNCT
cjfa-37579	568	1	characteristics	characteristic	NOUN
cjfa-37579	568	2	of	of	ADP
cjfa-37579	568	3	sars	sar	NOUN
cjfa-37579	568	4	-	-	PUNCT
cjfa-37579	568	5	cov-2	cov-2	NOUN
cjfa-37579	568	6	and	and	CCONJ
cjfa-37579	568	7	covid-19	covid-19	PROPN
cjfa-37579	568	8	.	.	PUNCT
cjfa-37579	568	9	nature	nature	NOUN
cjfa-37579	568	10	reviews	review	VERB
cjfa-37579	568	11	microbiology	microbiology	NOUN
cjfa-37579	568	12	,	,	PUNCT
cjfa-37579	568	13	19	19	NUM
cjfa-37579	568	14	,	,	PUNCT
cjfa-37579	568	15	141	141	NUM
cjfa-37579	568	16	-	-	SYM
cjfa-37579	568	17	154	154	NUM
cjfa-37579	568	18	.	.	PUNCT
cjfa-37579	569	1	http://dx.doi.org/10.1038/s41579-02000459-7	http://dx.doi.org/10.1038/s41579-02000459-7	NOUN
cjfa-37579	569	2	.	.	PUNCT
cjfa-37579	570	1	international	international	ADJ
cjfa-37579	570	2	monetary	monetary	ADJ
cjfa-37579	570	3	fund	fund	NOUN
cjfa-37579	570	4	(	(	PUNCT
cjfa-37579	570	5	imf	imf	PROPN
cjfa-37579	570	6	)	)	PUNCT
cjfa-37579	570	7	(	(	PUNCT
cjfa-37579	570	8	2020a	2020a	NUM
cjfa-37579	570	9	)	)	PUNCT
cjfa-37579	570	10	.	.	PUNCT
cjfa-37579	571	1	world	world	PROPN
cjfa-37579	571	2	economic	economic	ADJ
cjfa-37579	571	3	outlook	outlook	NOUN
cjfa-37579	571	4	2020	2020	NUM
cjfa-37579	571	5	:	:	PUNCT
cjfa-37579	571	6	the	the	DET
cjfa-37579	571	7	great	great	ADJ
cjfa-37579	571	8	lockdown	lockdown	NOUN
cjfa-37579	571	9	,	,	PUNCT
cjfa-37579	571	10	https://www.imf.org/en/publications/weo/issues/2020/04/14/weoapril-2020	https://www.imf.org/en/publications/weo/issues/2020/04/14/weoapril-2020	PROPN
cjfa-37579	571	11	(	(	PUNCT
cjfa-37579	571	12	accessed	access	VERB
cjfa-37579	571	13	:	:	PUNCT
cjfa-37579	571	14	12.06.2020	12.06.2020	NUM
cjfa-37579	571	15	)	)	PUNCT
cjfa-37579	571	16	.	.	PUNCT
cjfa-37579	572	1	international	international	ADJ
cjfa-37579	572	2	monetary	monetary	ADJ
cjfa-37579	572	3	fund	fund	NOUN
cjfa-37579	572	4	(	(	PUNCT
cjfa-37579	572	5	imf	imf	PROPN
cjfa-37579	572	6	)	)	PUNCT
cjfa-37579	572	7	(	(	PUNCT
cjfa-37579	572	8	2020b	2020b	NUM
cjfa-37579	572	9	)	)	PUNCT
cjfa-37579	572	10	.	.	PUNCT
cjfa-37579	573	1	global	global	ADJ
cjfa-37579	573	2	financial	financial	ADJ
cjfa-37579	573	3	stability	stability	NOUN
cjfa-37579	573	4	report	report	NOUN
cjfa-37579	573	5	,	,	PUNCT
cjfa-37579	573	6	https://	https://	PROPN
cjfa-37579	573	7	www.imf.org/en/publications/gfsr	www.imf.org/en/publications/gfsr	PROPN
cjfa-37579	573	8	(	(	PUNCT
cjfa-37579	573	9	accessed	access	VERB
cjfa-37579	573	10	:	:	PUNCT
cjfa-37579	573	11	12.06.2020	12.06.2020	NUM
cjfa-37579	573	12	)	)	PUNCT
cjfa-37579	573	13	.	.	PUNCT
cjfa-37579	574	1	leon	leon	PROPN
cjfa-37579	574	2	,	,	PUNCT
cjfa-37579	574	3	a.	a.	PROPN
cjfa-37579	574	4	,	,	PUNCT
cjfa-37579	574	5	nave	nave	PROPN
cjfa-37579	574	6	,	,	PUNCT
cjfa-37579	574	7	j.	j.	PROPN
cjfa-37579	574	8	,	,	PUNCT
cjfa-37579	574	9	&	&	CCONJ
cjfa-37579	574	10	rubio	rubio	PROPN
cjfa-37579	574	11	,	,	PUNCT
cjfa-37579	574	12	g.	g.	PROPN
cjfa-37579	574	13	(	(	PUNCT
cjfa-37579	574	14	2005	2005	NUM
cjfa-37579	574	15	)	)	PUNCT
cjfa-37579	574	16	.	.	PUNCT
cjfa-37579	575	1	the	the	DET
cjfa-37579	575	2	relationship	relationship	NOUN
cjfa-37579	575	3	between	between	ADP
cjfa-37579	575	4	risk	risk	NOUN
cjfa-37579	575	5	and	and	CCONJ
cjfa-37579	575	6	expected	expect	VERB
cjfa-37579	575	7	return	return	NOUN
cjfa-37579	575	8	in	in	ADP
cjfa-37579	575	9	europe	europe	PROPN
cjfa-37579	575	10	.	.	PUNCT
cjfa-37579	576	1	journal	journal	PROPN
cjfa-37579	576	2	of	of	ADP
cjfa-37579	576	3	banking	banking	NOUN
cjfa-37579	576	4	and	and	CCONJ
cjfa-37579	576	5	finance	finance	NOUN
cjfa-37579	576	6	,	,	PUNCT
cjfa-37579	576	7	31(2	31(2	NUM
cjfa-37579	576	8	)	)	PUNCT
cjfa-37579	576	9	,	,	PUNCT
cjfa-37579	576	10	495	495	NUM
cjfa-37579	576	11	-	-	SYM
cjfa-37579	576	12	512	512	NUM
cjfa-37579	576	13	.	.	PUNCT
cjfa-37579	577	1	http://dx.doi	http://dx.doi	NOUN
cjfa-37579	577	2	.	.	PUNCT
cjfa-37579	578	1	org/10.1016	org/10.1016	PROPN
cjfa-37579	578	2	/	/	SYM
cjfa-37579	578	3	j.jbankfin.2006.07.011	j.jbankfin.2006.07.011	PROPN
cjfa-37579	578	4	.	.	PUNCT
cjfa-37579	579	1	lettau	lettau	PROPN
cjfa-37579	579	2	,	,	PUNCT
cjfa-37579	579	3	m.	m.	NOUN
cjfa-37579	579	4	,	,	PUNCT
cjfa-37579	579	5	&	&	CCONJ
cjfa-37579	579	6	ludvigson	ludvigson	PROPN
cjfa-37579	579	7	,	,	PUNCT
cjfa-37579	579	8	s.	s.	PROPN
cjfa-37579	579	9	(	(	PUNCT
cjfa-37579	579	10	2003	2003	NUM
cjfa-37579	579	11	)	)	PUNCT
cjfa-37579	579	12	.	.	PUNCT
cjfa-37579	580	1	measuring	measure	VERB
cjfa-37579	580	2	and	and	CCONJ
cjfa-37579	580	3	modeling	model	VERB
cjfa-37579	580	4	variation	variation	NOUN
cjfa-37579	580	5	in	in	ADP
cjfa-37579	580	6	the	the	DET
cjfa-37579	580	7	risk	risk	NOUN
cjfa-37579	580	8	-	-	PUNCT
cjfa-37579	580	9	return	return	NOUN
cjfa-37579	580	10	trade	trade	NOUN
cjfa-37579	580	11	-	-	PUNCT
cjfa-37579	580	12	off	off	NOUN
cjfa-37579	580	13	.	.	PUNCT
cjfa-37579	581	1	in	in	ADP
cjfa-37579	581	2	y.	y.	PROPN
cjfa-37579	581	3	aït	aït	PROPN
cjfa-37579	581	4	-	-	PUNCT
cjfa-37579	581	5	sahalia	sahalia	PROPN
cjfa-37579	581	6	,	,	PUNCT
cjfa-37579	581	7	l.p	l.p	PROPN
cjfa-37579	581	8	.	.	PROPN
cjfa-37579	581	9	hansen	hansen	PROPN
cjfa-37579	581	10	(	(	PUNCT
cjfa-37579	581	11	eds	eds	PROPN
cjfa-37579	581	12	.	.	PUNCT
cjfa-37579	581	13	)	)	PUNCT
cjfa-37579	581	14	.	.	PUNCT
cjfa-37579	582	1	handbook	handbook	NOUN
cjfa-37579	582	2	of	of	ADP
cjfa-37579	582	3	financial	financial	ADJ
cjfa-37579	582	4	econometrics	econometric	NOUN
cjfa-37579	582	5	.	.	PUNCT
cjfa-37579	583	1	north	north	NOUN
cjfa-37579	583	2	holland	holland	PROPN
cjfa-37579	583	3	:	:	PUNCT
cjfa-37579	583	4	elsevier	elsevier	PROPN
cjfa-37579	583	5	science	science	PROPN
cjfa-37579	583	6	b.v	b.v	PROPN
cjfa-37579	583	7	.	.	PROPN
cjfa-37579	583	8	ludvigson	ludvigson	PROPN
cjfa-37579	583	9	,	,	PUNCT
cjfa-37579	583	10	s.c	s.c	PROPN
cjfa-37579	583	11	.	.	PROPN
cjfa-37579	583	12	,	,	PUNCT
cjfa-37579	583	13	&	&	CCONJ
cjfa-37579	583	14	ng	ng	PROPN
cjfa-37579	583	15	,	,	PUNCT
cjfa-37579	583	16	s.	s.	PROPN
cjfa-37579	583	17	(	(	PUNCT
cjfa-37579	583	18	2007	2007	NUM
cjfa-37579	583	19	)	)	PUNCT
cjfa-37579	583	20	.	.	PUNCT
cjfa-37579	584	1	the	the	DET
cjfa-37579	584	2	empirical	empirical	ADJ
cjfa-37579	584	3	risk	risk	NOUN
cjfa-37579	584	4	-	-	PUNCT
cjfa-37579	584	5	return	return	NOUN
cjfa-37579	584	6	relation	relation	NOUN
cjfa-37579	584	7	:	:	PUNCT
cjfa-37579	584	8	a	a	DET
cjfa-37579	584	9	factor	factor	NOUN
cjfa-37579	584	10	analysis	analysis	NOUN
cjfa-37579	584	11	approach	approach	NOUN
cjfa-37579	584	12	.	.	PUNCT
cjfa-37579	585	1	journal	journal	NOUN
cjfa-37579	585	2	of	of	ADP
cjfa-37579	585	3	financial	financial	ADJ
cjfa-37579	585	4	economics	economic	NOUN
cjfa-37579	585	5	,	,	PUNCT
cjfa-37579	585	6	83(1	83(1	PROPN
cjfa-37579	585	7	)	)	PUNCT
cjfa-37579	585	8	,	,	PUNCT
cjfa-37579	585	9	171	171	NUM
cjfa-37579	585	10	-	-	SYM
cjfa-37579	585	11	222	222	NUM
cjfa-37579	585	12	.	.	PUNCT
cjfa-37579	586	1	http://dx.doi.org/10.1016/j	http://dx.doi.org/10.1016/j	PROPN
cjfa-37579	586	2	.	.	PROPN
cjfa-37579	586	3	jfineco.2005.12.002	jfineco.2005.12.002	PROPN
cjfa-37579	586	4	.	.	PROPN
cjfa-37579	586	5	mahmood	mahmood	PROPN
cjfa-37579	586	6	,	,	PUNCT
cjfa-37579	586	7	i.	i.	PROPN
cjfa-37579	586	8	,	,	PUNCT
cjfa-37579	586	9	&	&	CCONJ
cjfa-37579	586	10	shah	shah	PROPN
cjfa-37579	586	11	,	,	PUNCT
cjfa-37579	586	12	s.z.a	s.z.a	NOUN
cjfa-37579	586	13	.	.	PUNCT
cjfa-37579	586	14	(	(	PUNCT
cjfa-37579	586	15	2015	2015	NUM
cjfa-37579	586	16	)	)	PUNCT
cjfa-37579	586	17	.	.	PUNCT
cjfa-37579	587	1	negative	negative	ADJ
cjfa-37579	587	2	relationship	relationship	NOUN
cjfa-37579	587	3	between	between	ADP
cjfa-37579	587	4	risk	risk	NOUN
cjfa-37579	587	5	and	and	CCONJ
cjfa-37579	587	6	return	return	NOUN
cjfa-37579	587	7	:	:	PUNCT
cjfa-37579	587	8	a	a	DET
cjfa-37579	587	9	contrary	contrary	ADJ
cjfa-37579	587	10	view	view	NOUN
cjfa-37579	587	11	.	.	PUNCT
cjfa-37579	588	1	pakistan	pakistan	PROPN
cjfa-37579	588	2	journal	journal	PROPN
cjfa-37579	588	3	of	of	ADP
cjfa-37579	588	4	commerce	commerce	PROPN
cjfa-37579	588	5	and	and	CCONJ
cjfa-37579	588	6	social	social	ADJ
cjfa-37579	588	7	sciences	science	NOUN
cjfa-37579	588	8	,	,	PUNCT
cjfa-37579	588	9	9(2	9(2	NUM
cjfa-37579	588	10	)	)	PUNCT
cjfa-37579	588	11	,	,	PUNCT
cjfa-37579	588	12	336	336	NUM
cjfa-37579	588	13	-	-	SYM
cjfa-37579	588	14	343	343	NUM
cjfa-37579	588	15	.	.	PUNCT
cjfa-37579	588	16	merton	merton	PROPN
cjfa-37579	588	17	,	,	PUNCT
cjfa-37579	588	18	r.	r.	PROPN
cjfa-37579	588	19	(	(	PUNCT
cjfa-37579	588	20	1973	1973	NUM
cjfa-37579	588	21	)	)	PUNCT
cjfa-37579	588	22	.	.	PUNCT
cjfa-37579	589	1	an	an	DET
cjfa-37579	589	2	intertemporal	intertemporal	ADJ
cjfa-37579	589	3	capital	capital	NOUN
cjfa-37579	589	4	asset	asset	NOUN
cjfa-37579	589	5	pricing	pricing	NOUN
cjfa-37579	589	6	model	model	NOUN
cjfa-37579	589	7	.	.	PUNCT
cjfa-37579	590	1	econometrica	econometrica	PROPN
cjfa-37579	590	2	,	,	PUNCT
cjfa-37579	590	3	41(5	41(5	NUM
cjfa-37579	590	4	)	)	PUNCT
cjfa-37579	590	5	,	,	PUNCT
cjfa-37579	590	6	867	867	NUM
cjfa-37579	590	7	-	-	SYM
cjfa-37579	590	8	887	887	NUM
cjfa-37579	590	9	.	.	PUNCT
cjfa-37579	591	1	nageri	nageri	PROPN
cjfa-37579	591	2	,	,	PUNCT
cjfa-37579	591	3	k.i	k.i	PROPN
cjfa-37579	591	4	.	.	PUNCT
cjfa-37579	591	5	(	(	PUNCT
cjfa-37579	591	6	2019a	2019a	NUM
cjfa-37579	591	7	)	)	PUNCT
cjfa-37579	591	8	.	.	PUNCT
cjfa-37579	592	1	evaluating	evaluate	VERB
cjfa-37579	592	2	good	good	ADJ
cjfa-37579	592	3	and	and	CCONJ
cjfa-37579	592	4	bad	bad	ADJ
cjfa-37579	592	5	news	news	NOUN
cjfa-37579	592	6	during	during	ADP
cjfa-37579	592	7	pre	pre	NOUN
cjfa-37579	592	8	and	and	CCONJ
cjfa-37579	592	9	post	post	VERB
cjfa-37579	592	10	financial	financial	ADJ
cjfa-37579	592	11	meltdown	meltdown	NOUN
cjfa-37579	592	12	:	:	PUNCT
cjfa-37579	592	13	nigerian	nigerian	ADJ
cjfa-37579	592	14	stock	stock	NOUN
cjfa-37579	592	15	market	market	NOUN
cjfa-37579	592	16	evidence	evidence	NOUN
cjfa-37579	592	17	.	.	PUNCT
cjfa-37579	593	1	studia	studia	PROPN
cjfa-37579	593	2	universitatis	universitatis	PROPN
cjfa-37579	593	3	babeș	babeș	PROPN
cjfa-37579	593	4	-	-	PUNCT
cjfa-37579	593	5	bolyai	bolyai	NOUN
cjfa-37579	593	6	oeconomica	oeconomica	NOUN
cjfa-37579	593	7	,	,	PUNCT
cjfa-37579	593	8	64(3	64(3	NOUN
cjfa-37579	593	9	)	)	PUNCT
cjfa-37579	593	10	,	,	PUNCT
cjfa-37579	593	11	1	1	NUM
cjfa-37579	593	12	-	-	SYM
cjfa-37579	593	13	22	22	NUM
cjfa-37579	593	14	.	.	PUNCT
cjfa-37579	594	1	http://dx.doi.org/10.2478/subboec-2019-0012	http://dx.doi.org/10.2478/subboec-2019-0012	NOUN
cjfa-37579	594	2	.	.	PUNCT
cjfa-37579	595	1	nageri	nageri	PROPN
cjfa-37579	595	2	,	,	PUNCT
cjfa-37579	595	3	k.i	k.i	PROPN
cjfa-37579	595	4	.	.	PUNCT
cjfa-37579	595	5	(	(	PUNCT
cjfa-37579	595	6	2019b	2019b	NUM
cjfa-37579	595	7	)	)	PUNCT
cjfa-37579	595	8	.	.	PUNCT
cjfa-37579	596	1	evaluating	evaluate	VERB
cjfa-37579	596	2	volatility	volatility	NOUN
cjfa-37579	596	3	persistence	persistence	NOUN
cjfa-37579	596	4	of	of	ADP
cjfa-37579	596	5	stock	stock	NOUN
cjfa-37579	596	6	return	return	NOUN
cjfa-37579	596	7	in	in	ADP
cjfa-37579	596	8	the	the	DET
cjfa-37579	596	9	pre	pre	NOUN
cjfa-37579	596	10	and	and	CCONJ
cjfa-37579	596	11	post	post	VERB
cjfa-37579	596	12	2008	2008	NUM
cjfa-37579	596	13	-	-	SYM
cjfa-37579	596	14	2009	2009	NUM
cjfa-37579	596	15	financial	financial	ADJ
cjfa-37579	596	16	meltdown	meltdown	NOUN
cjfa-37579	596	17	.	.	PUNCT
cjfa-37579	597	1	copernican	copernican	PROPN
cjfa-37579	597	2	journal	journal	PROPN
cjfa-37579	597	3	of	of	ADP
cjfa-37579	597	4	finance	finance	PROPN
cjfa-37579	597	5	&	&	CCONJ
cjfa-37579	597	6	accounting	accounting	PROPN
cjfa-37579	597	7	,	,	PUNCT
cjfa-37579	597	8	8(3	8(3	NUM
cjfa-37579	597	9	)	)	PUNCT
cjfa-37579	597	10	,	,	PUNCT
cjfa-37579	597	11	73	73	NUM
cjfa-37579	597	12	-	-	SYM
cjfa-37579	597	13	91	91	NUM
cjfa-37579	597	14	.	.	PUNCT
cjfa-37579	598	1	http://dx.doi.org/10.12775/cjfa.2019.013	http://dx.doi.org/10.12775/cjfa.2019.013	PROPN
cjfa-37579	598	2	.	.	PUNCT
cjfa-37579	599	1	nelson	nelson	PROPN
cjfa-37579	599	2	,	,	PUNCT
cjfa-37579	599	3	d.b	d.b	PROPN
cjfa-37579	599	4	.	.	PROPN
cjfa-37579	599	5	(	(	PUNCT
cjfa-37579	599	6	1991	1991	NUM
cjfa-37579	599	7	)	)	PUNCT
cjfa-37579	599	8	.	.	PUNCT
cjfa-37579	600	1	conditional	conditional	ADJ
cjfa-37579	600	2	heteroskedasticity	heteroskedasticity	NOUN
cjfa-37579	600	3	in	in	ADP
cjfa-37579	600	4	asset	asset	NOUN
cjfa-37579	600	5	returns	return	NOUN
cjfa-37579	600	6	:	:	PUNCT
cjfa-37579	600	7	a	a	DET
cjfa-37579	600	8	new	new	ADJ
cjfa-37579	600	9	approach	approach	NOUN
cjfa-37579	600	10	.	.	PUNCT
cjfa-37579	601	1	econometrica	econometrica	PROPN
cjfa-37579	601	2	,	,	PUNCT
cjfa-37579	601	3	59(2	59(2	NUM
cjfa-37579	601	4	)	)	PUNCT
cjfa-37579	601	5	,	,	PUNCT
cjfa-37579	601	6	347	347	NUM
cjfa-37579	601	7	-	-	SYM
cjfa-37579	601	8	370	370	NUM
cjfa-37579	601	9	.	.	PUNCT
cjfa-37579	602	1	kamaldeen	kamaldeen	AUX
cjfa-37579	602	2	ibraheem	ibraheem	PROPN
cjfa-37579	602	3	nageri116	nageri116	PROPN
cjfa-37579	602	4	neumann	neumann	PROPN
cjfa-37579	602	5	,	,	PUNCT
cjfa-37579	602	6	m.	m.	NOUN
cjfa-37579	602	7	,	,	PUNCT
cjfa-37579	602	8	bobel	bobel	NOUN
cjfa-37579	602	9	,	,	PUNCT
cjfa-37579	602	10	i.	i.	PROPN
cjfa-37579	602	11	,	,	PUNCT
cjfa-37579	602	12	&	&	CCONJ
cjfa-37579	602	13	haid	haid	PROPN
cjfa-37579	602	14	,	,	PUNCT
cjfa-37579	602	15	a.	a.	NOUN
cjfa-37579	602	16	(	(	PUNCT
cjfa-37579	602	17	1979	1979	NUM
cjfa-37579	602	18	)	)	PUNCT
cjfa-37579	602	19	.	.	PUNCT
cjfa-37579	603	1	profitability	profitability	NOUN
cjfa-37579	603	2	,	,	PUNCT
cjfa-37579	603	3	risk	risk	NOUN
cjfa-37579	603	4	and	and	CCONJ
cjfa-37579	603	5	market	market	NOUN
cjfa-37579	603	6	structure	structure	NOUN
cjfa-37579	603	7	in	in	ADP
cjfa-37579	603	8	west	west	ADJ
cjfa-37579	603	9	german	german	ADJ
cjfa-37579	603	10	industries	industry	NOUN
cjfa-37579	603	11	.	.	PUNCT
cjfa-37579	604	1	journal	journal	PROPN
cjfa-37579	604	2	of	of	ADP
cjfa-37579	604	3	industrial	industrial	ADJ
cjfa-37579	604	4	economics	economic	NOUN
cjfa-37579	604	5	,	,	PUNCT
cjfa-37579	604	6	27(3	27(3	NUM
cjfa-37579	604	7	)	)	PUNCT
cjfa-37579	604	8	,	,	PUNCT
cjfa-37579	604	9	227	227	NUM
cjfa-37579	604	10	-	-	SYM
cjfa-37579	604	11	242	242	NUM
cjfa-37579	604	12	.	.	PUNCT
cjfa-37579	605	1	pastor	pastor	PROPN
cjfa-37579	605	2	,	,	PUNCT
cjfa-37579	605	3	l.	l.	PROPN
cjfa-37579	605	4	,	,	PUNCT
cjfa-37579	605	5	&	&	CCONJ
cjfa-37579	605	6	veronesi	veronesi	NOUN
cjfa-37579	605	7	,	,	PUNCT
cjfa-37579	605	8	p.	p.	NOUN
cjfa-37579	605	9	(	(	PUNCT
cjfa-37579	605	10	2006	2006	NUM
cjfa-37579	605	11	)	)	PUNCT
cjfa-37579	605	12	.	.	PUNCT
cjfa-37579	606	1	was	be	AUX
cjfa-37579	606	2	there	there	ADV
cjfa-37579	606	3	a	a	DET
cjfa-37579	606	4	nasdaq	nasdaq	NOUN
cjfa-37579	606	5	bubble	bubble	NOUN
cjfa-37579	606	6	in	in	ADP
cjfa-37579	606	7	the	the	DET
cjfa-37579	606	8	late	late	ADJ
cjfa-37579	606	9	1990	1990	NUM
cjfa-37579	606	10	’s	’s	NOUN
cjfa-37579	606	11	?	?	PUNCT
cjfa-37579	607	1	journal	journal	NOUN
cjfa-37579	607	2	of	of	ADP
cjfa-37579	607	3	financial	financial	ADJ
cjfa-37579	607	4	economics	economic	NOUN
cjfa-37579	607	5	,	,	PUNCT
cjfa-37579	607	6	81(1	81(1	NUM
cjfa-37579	607	7	)	)	PUNCT
cjfa-37579	607	8	,	,	PUNCT
cjfa-37579	607	9	61	61	NUM
cjfa-37579	607	10	-	-	SYM
cjfa-37579	607	11	100	100	NUM
cjfa-37579	607	12	.	.	PUNCT
cjfa-37579	608	1	raputsoane	raputsoane	PROPN
cjfa-37579	608	2	,	,	PUNCT
cjfa-37579	608	3	l.	l.	PROPN
cjfa-37579	608	4	(	(	PUNCT
cjfa-37579	608	5	2009	2009	NUM
cjfa-37579	608	6	)	)	PUNCT
cjfa-37579	608	7	.	.	PUNCT
cjfa-37579	609	1	the	the	DET
cjfa-37579	609	2	risk	risk	NOUN
cjfa-37579	609	3	-	-	PUNCT
cjfa-37579	609	4	return	return	NOUN
cjfa-37579	609	5	relationship	relationship	NOUN
cjfa-37579	609	6	in	in	ADP
cjfa-37579	609	7	the	the	DET
cjfa-37579	609	8	south	south	PROPN
cjfa-37579	609	9	africa	africa	PROPN
cjfa-37579	609	10	stock	stock	NOUN
cjfa-37579	609	11	market	market	NOUN
cjfa-37579	609	12	.	.	PUNCT
cjfa-37579	610	1	paper	paper	NOUN
cjfa-37579	610	2	presented	present	VERB
cjfa-37579	610	3	at	at	ADP
cjfa-37579	610	4	the	the	DET
cjfa-37579	610	5	14th	14th	ADJ
cjfa-37579	610	6	annual	annual	ADJ
cjfa-37579	610	7	conference	conference	NOUN
cjfa-37579	610	8	of	of	ADP
cjfa-37579	610	9	the	the	DET
cjfa-37579	610	10	african	african	ADJ
cjfa-37579	610	11	econometrics	econometrics	NOUN
cjfa-37579	610	12	society	society	NOUN
cjfa-37579	610	13	on	on	ADP
cjfa-37579	610	14	econometric	econometric	ADJ
cjfa-37579	610	15	modelling	modelling	NOUN
cjfa-37579	610	16	in	in	ADP
cjfa-37579	610	17	africa	africa	PROPN
cjfa-37579	610	18	,	,	PUNCT
cjfa-37579	610	19	abuja	abuja	PROPN
cjfa-37579	610	20	,	,	PUNCT
cjfa-37579	610	21	nigeria	nigeria	PROPN
cjfa-37579	610	22	,	,	PUNCT
cjfa-37579	610	23	1	1	NUM
cjfa-37579	610	24	-	-	SYM
cjfa-37579	610	25	13	13	NUM
cjfa-37579	610	26	.	.	PUNCT
cjfa-37579	611	1	salisu	salisu	PROPN
cjfa-37579	611	2	,	,	PUNCT
cjfa-37579	611	3	a.a	a.a	PROPN
cjfa-37579	611	4	.	.	PROPN
cjfa-37579	611	5	,	,	PUNCT
cjfa-37579	611	6	ebuh	ebuh	PROPN
cjfa-37579	611	7	,	,	PUNCT
cjfa-37579	611	8	g.u	g.u	PROPN
cjfa-37579	611	9	.	.	PROPN
cjfa-37579	611	10	,	,	PUNCT
cjfa-37579	611	11	&	&	CCONJ
cjfa-37579	611	12	usman	usman	PROPN
cjfa-37579	611	13	,	,	PUNCT
cjfa-37579	611	14	n.	n.	PROPN
cjfa-37579	611	15	(	(	PUNCT
cjfa-37579	611	16	202	202	NUM
cjfa-37579	611	17	)	)	PUNCT
cjfa-37579	611	18	.	.	PUNCT
cjfa-37579	612	1	revisiting	revisit	VERB
cjfa-37579	612	2	oil	oil	NOUN
cjfa-37579	612	3	-	-	PUNCT
cjfa-37579	612	4	stock	stock	NOUN
cjfa-37579	612	5	nexus	nexus	NOUN
cjfa-37579	612	6	during	during	ADP
cjfa-37579	612	7	covid-19	covid-19	PROPN
cjfa-37579	612	8	pandemic	pandemic	NOUN
cjfa-37579	612	9	:	:	PUNCT
cjfa-37579	612	10	some	some	DET
cjfa-37579	612	11	preliminary	preliminary	ADJ
cjfa-37579	612	12	results	result	NOUN
cjfa-37579	612	13	.	.	PUNCT
cjfa-37579	613	1	international	international	ADJ
cjfa-37579	613	2	review	review	NOUN
cjfa-37579	613	3	of	of	ADP
cjfa-37579	613	4	economics	economics	PROPN
cjfa-37579	613	5	&	&	CCONJ
cjfa-37579	613	6	finance	finance	PROPN
cjfa-37579	613	7	,	,	PUNCT
cjfa-37579	613	8	69	69	NUM
cjfa-37579	613	9	,	,	PUNCT
cjfa-37579	613	10	280	280	NUM
cjfa-37579	613	11	-	-	SYM
cjfa-37579	613	12	294	294	NUM
cjfa-37579	613	13	.	.	PUNCT
cjfa-37579	614	1	http://dx.doi.org/10.1016/j.iref.2020.06.023	http://dx.doi.org/10.1016/j.iref.2020.06.023	PROPN
cjfa-37579	614	2	.	.	PUNCT
cjfa-37579	615	1	salisu	salisu	PROPN
cjfa-37579	615	2	,	,	PUNCT
cjfa-37579	615	3	a.a	a.a	PROPN
cjfa-37579	615	4	.	.	PROPN
cjfa-37579	615	5	,	,	PUNCT
cjfa-37579	615	6	&	&	CCONJ
cjfa-37579	615	7	vo	vo	PROPN
cjfa-37579	615	8	,	,	PUNCT
cjfa-37579	615	9	x.v	x.v	PROPN
cjfa-37579	615	10	.	.	PROPN
cjfa-37579	615	11	(	(	PUNCT
cjfa-37579	615	12	2020	2020	NUM
cjfa-37579	615	13	)	)	PUNCT
cjfa-37579	615	14	.	.	PUNCT
cjfa-37579	616	1	predicting	predict	VERB
cjfa-37579	616	2	stock	stock	NOUN
cjfa-37579	616	3	returns	return	NOUN
cjfa-37579	616	4	in	in	ADP
cjfa-37579	616	5	the	the	DET
cjfa-37579	616	6	presence	presence	NOUN
cjfa-37579	616	7	of	of	ADP
cjfa-37579	616	8	covid-19	covid-19	PROPN
cjfa-37579	616	9	pandemic	pandemic	NOUN
cjfa-37579	616	10	:	:	PUNCT
cjfa-37579	616	11	the	the	DET
cjfa-37579	616	12	role	role	NOUN
cjfa-37579	616	13	of	of	ADP
cjfa-37579	616	14	health	health	NOUN
cjfa-37579	616	15	news	news	NOUN
cjfa-37579	616	16	.	.	PUNCT
cjfa-37579	617	1	international	international	ADJ
cjfa-37579	617	2	review	review	NOUN
cjfa-37579	617	3	of	of	ADP
cjfa-37579	617	4	financial	financial	ADJ
cjfa-37579	617	5	analysis	analysis	NOUN
cjfa-37579	617	6	,	,	PUNCT
cjfa-37579	617	7	71	71	NUM
cjfa-37579	617	8	,	,	PUNCT
cjfa-37579	617	9	101546	101546	NUM
cjfa-37579	617	10	.	.	PUNCT
cjfa-37579	618	1	http://dx.doi.org/10.1016/j.irfa.2020.101546	http://dx.doi.org/10.1016/j.irfa.2020.101546	PROPN
cjfa-37579	618	2	.	.	PUNCT
cjfa-37579	619	1	the	the	DET
cjfa-37579	619	2	nigerian	nigerian	ADJ
cjfa-37579	619	3	stock	stock	NOUN
cjfa-37579	619	4	exchange	exchange	PROPN
cjfa-37579	619	5	(	(	PUNCT
cjfa-37579	619	6	nse	nse	NOUN
cjfa-37579	619	7	)	)	PUNCT
cjfa-37579	619	8	(	(	PUNCT
cjfa-37579	619	9	2020	2020	NUM
cjfa-37579	619	10	)	)	PUNCT
cjfa-37579	619	11	.	.	PUNCT
cjfa-37579	620	1	nigerian	nigerian	ADJ
cjfa-37579	620	2	stock	stock	PROPN
cjfa-37579	620	3	exchange	exchange	PROPN
cjfa-37579	620	4	,	,	PUNCT
cjfa-37579	620	5	https://www.nse	https://www.nse	NOUN
cjfa-37579	620	6	.	.	PUNCT
cjfa-37579	621	1	com.ng	com.ng	NOUN
cjfa-37579	621	2	.	.	PUNCT
cjfa-37579	622	1	world	world	PROPN
cjfa-37579	622	2	health	health	PROPN
cjfa-37579	622	3	organisation	organisation	NOUN
cjfa-37579	622	4	(	(	PUNCT
cjfa-37579	622	5	who	who	PRON
cjfa-37579	622	6	)	)	PUNCT
cjfa-37579	622	7	(	(	PUNCT
cjfa-37579	622	8	2020	2020	NUM
cjfa-37579	622	9	)	)	PUNCT
cjfa-37579	622	10	.	.	PUNCT
cjfa-37579	623	1	who	who	PRON
cjfa-37579	623	2	director	director	NOUN
cjfa-37579	623	3	-	-	PUNCT
cjfa-37579	623	4	general	general	NOUN
cjfa-37579	623	5	’s	’s	PART
cjfa-37579	623	6	opening	opening	NOUN
cjfa-37579	623	7	remarks	remark	NOUN
cjfa-37579	623	8	at	at	ADP
cjfa-37579	623	9	the	the	DET
cjfa-37579	623	10	media	medium	NOUN
cjfa-37579	623	11	briefing	briefing	NOUN
cjfa-37579	623	12	on	on	ADP
cjfa-37579	623	13	covid-19	covid-19	PROPN
cjfa-37579	623	14	,	,	PUNCT
cjfa-37579	623	15	https://www.who.int/director-general/speeches/	https://www.who.int/director-general/speeches/	PROPN
cjfa-37579	623	16	detail	detail	NOUN
cjfa-37579	623	17	/	/	SYM
cjfa-37579	623	18	who	who	PRON
cjfa-37579	623	19	-	-	PUNCT
cjfa-37579	623	20	director	director	NOUN
cjfa-37579	623	21	-	-	PUNCT
cjfa-37579	623	22	general	general	ADJ
cjfa-37579	623	23	-	-	PUNCT
cjfa-37579	623	24	s	s	NOUN
cjfa-37579	623	25	-	-	PUNCT
cjfa-37579	623	26	opening	opening	ADJ
cjfa-37579	623	27	-	-	PUNCT
cjfa-37579	623	28	remarks	remark	NOUN
cjfa-37579	623	29	-	-	PUNCT
cjfa-37579	623	30	at	at	ADP
cjfa-37579	623	31	-	-	PUNCT
cjfa-37579	623	32	the	the	DET
cjfa-37579	623	33	-	-	PUNCT
cjfa-37579	623	34	media	media	NOUN
cjfa-37579	623	35	-	-	PUNCT
cjfa-37579	623	36	briefing	briefing	NOUN
cjfa-37579	623	37	-	-	PUNCT
cjfa-37579	623	38	on	on	ADP
cjfa-37579	623	39	-	-	PUNCT
cjfa-37579	623	40	covid19	covid19	NOUN
cjfa-37579	623	41	-	-	PUNCT
cjfa-37579	623	42	--11	--11	ADJ
cjfa-37579	623	43	-	-	PUNCT
cjfa-37579	623	44	march-2020	march-2020	NOUN
cjfa-37579	623	45	(	(	PUNCT
cjfa-37579	623	46	accessed	access	VERB
cjfa-37579	623	47	:	:	PUNCT
cjfa-37579	623	48	03.07.2020	03.07.2020	NUM
cjfa-37579	623	49	)	)	PUNCT
cjfa-37579	623	50	.	.	PUNCT
cjfa-37579	624	1	zhang	zhang	PROPN
cjfa-37579	624	2	,	,	PUNCT
cjfa-37579	624	3	d.	d.	PROPN
cjfa-37579	624	4	,	,	PUNCT
cjfa-37579	624	5	hu	hu	PROPN
cjfa-37579	624	6	,	,	PUNCT
cjfa-37579	624	7	m.	m.	NOUN
cjfa-37579	624	8	,	,	PUNCT
cjfa-37579	624	9	&	&	CCONJ
cjfa-37579	624	10	ji	ji	PROPN
cjfa-37579	624	11	,	,	PUNCT
cjfa-37579	624	12	q.	q.	PROPN
cjfa-37579	624	13	(	(	PUNCT
cjfa-37579	624	14	2020	2020	NUM
cjfa-37579	624	15	)	)	PUNCT
cjfa-37579	624	16	.	.	PUNCT
cjfa-37579	625	1	financial	financial	ADJ
cjfa-37579	625	2	markets	market	NOUN
cjfa-37579	625	3	under	under	ADP
cjfa-37579	625	4	the	the	DET
cjfa-37579	625	5	global	global	ADJ
cjfa-37579	625	6	pandemic	pandemic	NOUN
cjfa-37579	625	7	of	of	ADP
cjfa-37579	625	8	covid-19	covid-19	PROPN
cjfa-37579	625	9	.	.	PUNCT
cjfa-37579	626	1	finance	finance	NOUN
cjfa-37579	626	2	research	research	NOUN
cjfa-37579	626	3	letters	letter	NOUN
cjfa-37579	626	4	,	,	PUNCT
cjfa-37579	626	5	36	36	NUM
cjfa-37579	626	6	,	,	PUNCT
cjfa-37579	626	7	101528	101528	NUM
cjfa-37579	626	8	.	.	PUNCT
cjfa-37579	627	1	http://dx.doi.org/10.1016/j	http://dx.doi.org/10.1016/j	X
cjfa-37579	627	2	.	.	PUNCT
cjfa-37579	627	3	frl.2020.101528	frl.2020.101528	NUM
cjfa-37579	627	4	.	.	PUNCT