id	sid	tid	token	lemma	pos
cjfa-41512	1	1	date	date	NOUN
cjfa-41512	1	2	of	of	ADP
cjfa-41512	1	3	submission	submission	NOUN
cjfa-41512	1	4	:	:	PUNCT
cjfa-41512	1	5	november	november	PROPN
cjfa-41512	1	6	22	22	NUM
cjfa-41512	1	7	,	,	PUNCT
cjfa-41512	1	8	2021	2021	NUM
cjfa-41512	1	9	;	;	PUNCT
cjfa-41512	1	10	date	date	NOUN
cjfa-41512	1	11	of	of	ADP
cjfa-41512	1	12	acceptance	acceptance	NOUN
cjfa-41512	1	13	:	:	PUNCT
cjfa-41512	1	14	march	march	PROPN
cjfa-41512	1	15	19	19	NUM
cjfa-41512	1	16	,	,	PUNCT
cjfa-41512	1	17	2022	2022	NUM
cjfa-41512	1	18	.	.	PUNCT
cjfa-41512	2	1	*	*	PUNCT
cjfa-41512	2	2	contact	contact	NOUN
cjfa-41512	2	3	information	information	NOUN
cjfa-41512	2	4	:	:	PUNCT
cjfa-41512	2	5	nk.emekanwokeji@coou.edu.ng	nk.emekanwokeji@coou.edu.ng	NUM
cjfa-41512	2	6	,	,	PUNCT
cjfa-41512	2	7	department	department	NOUN
cjfa-41512	2	8	of	of	ADP
cjfa-41512	2	9	accountancy	accountancy	PROPN
cjfa-41512	2	10	,	,	PUNCT
cjfa-41512	2	11	chukwuemeka	chukwuemeka	PROPN
cjfa-41512	2	12	odumegwu	odumegwu	PROPN
cjfa-41512	2	13	ojukwu	ojukwu	PROPN
cjfa-41512	2	14	university	university	PROPN
cjfa-41512	2	15	,	,	PUNCT
cjfa-41512	2	16	igbariam	igbariam	NOUN
cjfa-41512	2	17	campus	campus	PROPN
cjfa-41512	2	18	,	,	PUNCT
cjfa-41512	2	19	anambra	anambra	PROPN
cjfa-41512	2	20	state	state	PROPN
cjfa-41512	2	21	,	,	PUNCT
cjfa-41512	2	22	nigeria	nigeria	PROPN
cjfa-41512	2	23	,	,	PUNCT
cjfa-41512	2	24	phone	phone	NOUN
cjfa-41512	2	25	:	:	PUNCT
cjfa-41512	2	26	+2348037409150	+2348037409150	ADJ
cjfa-41512	2	27	;	;	PUNCT
cjfa-41512	2	28	orcid	orcid	PROPN
cjfa-41512	3	1	i	i	PRON
cjfa-41512	3	2	d	d	NOUN
cjfa-41512	3	3	:	:	PUNCT
cjfa-41512	3	4	https://orcid.org/0000-0002-3673-0422	https://orcid.org/0000-0002-3673-0422	NOUN
cjfa-41512	3	5	.	.	PUNCT
cjfa-41512	4	1	*	*	PUNCT
cjfa-41512	4	2	*	*	PUNCT
cjfa-41512	4	3	contact	contact	NOUN
cjfa-41512	4	4	information	information	NOUN
cjfa-41512	4	5	:	:	PUNCT
cjfa-41512	4	6	nangihlah@yahoo.co.uk	nangihlah@yahoo.co.uk	NOUN
cjfa-41512	4	7	,	,	PUNCT
cjfa-41512	4	8	department	department	NOUN
cjfa-41512	4	9	of	of	ADP
cjfa-41512	4	10	accountancy	accountancy	NOUN
cjfa-41512	4	11	,	,	PUNCT
cjfa-41512	4	12	ken	ken	PROPN
cjfa-41512	4	13	saro	saro	NOUN
cjfa-41512	4	14	-	-	PUNCT
cjfa-41512	4	15	wiwa	wiwa	NOUN
cjfa-41512	4	16	polytechnic	polytechnic	ADJ
cjfa-41512	4	17	,	,	PUNCT
cjfa-41512	4	18	bori	bori	NOUN
cjfa-41512	4	19	,	,	PUNCT
cjfa-41512	4	20	rivers	river	NOUN
cjfa-41512	4	21	state	state	PROPN
cjfa-41512	4	22	,	,	PUNCT
cjfa-41512	4	23	nigeria	nigeria	PROPN
cjfa-41512	4	24	,	,	PUNCT
cjfa-41512	4	25	phone	phone	NOUN
cjfa-41512	4	26	:	:	PUNCT
cjfa-41512	4	27	+2348037514250	+2348037514250	NUM
cjfa-41512	4	28	;	;	PUNCT
cjfa-41512	4	29	orcid	orcid	PROPN
cjfa-41512	5	1	i	i	NOUN
cjfa-41512	5	2	d	d	NOUN
cjfa-41512	5	3	:	:	PUNCT
cjfa-41512	6	1	https://orcid.org/0000-0001-8283-8883	https://orcid.org/0000-0001-8283-8883	INTJ
cjfa-41512	6	2	.	.	PUNCT
cjfa-41512	7	1	*	*	PUNCT
cjfa-41512	7	2	*	*	PUNCT
cjfa-41512	7	3	*	*	PUNCT
cjfa-41512	7	4	contact	contact	NOUN
cjfa-41512	7	5	information	information	NOUN
cjfa-41512	7	6	:	:	PUNCT
cjfa-41512	8	1	chieduchristiandspg@gmail.com	chieduchristiandspg@gmail.com	X
cjfa-41512	8	2	,	,	PUNCT
cjfa-41512	8	3	department	department	NOUN
cjfa-41512	8	4	of	of	ADP
cjfa-41512	8	5	accountancy	accountancy	PROPN
cjfa-41512	8	6	,	,	PUNCT
cjfa-41512	8	7	delta	delta	NOUN
cjfa-41512	8	8	state	state	PROPN
cjfa-41512	8	9	polytechnic	polytechnic	ADJ
cjfa-41512	8	10	,	,	PUNCT
cjfa-41512	8	11	ogwashi	ogwashi	NUM
cjfa-41512	8	12	-	-	PUNCT
cjfa-41512	8	13	uku	uku	PROPN
cjfa-41512	8	14	delta	delta	NOUN
cjfa-41512	8	15	state	state	NOUN
cjfa-41512	8	16	,	,	PUNCT
cjfa-41512	8	17	nigeria	nigeria	PROPN
cjfa-41512	8	18	,	,	PUNCT
cjfa-41512	8	19	phone	phone	NOUN
cjfa-41512	8	20	:	:	PUNCT
cjfa-41512	8	21	+234803760753	+234803760753	NUM
cjfa-41512	8	22	;	;	PUNCT
cjfa-41512	8	23	orcid	orcid	NOUN
cjfa-41512	8	24	i	i	NOUN
cjfa-41512	8	25	d	d	NOUN
cjfa-41512	8	26	:	:	PUNCT
cjfa-41512	8	27	https://orcid.org/0000-0002-0950-9634	https://orcid.org/0000-0002-0950-9634	NOUN
cjfa-41512	8	28	.	.	PUNCT
cjfa-41512	9	1	*	*	PUNCT
cjfa-41512	9	2	*	*	PUNCT
cjfa-41512	9	3	*	*	PUNCT
cjfa-41512	9	4	*	*	PUNCT
cjfa-41512	9	5	contact	contact	NOUN
cjfa-41512	9	6	information	information	NOUN
cjfa-41512	9	7	:	:	PUNCT
cjfa-41512	9	8	ebeleekwunife@gmail.com	ebeleekwunife@gmail.com	PROPN
cjfa-41512	9	9	,	,	PUNCT
cjfa-41512	9	10	department	department	NOUN
cjfa-41512	9	11	of	of	ADP
cjfa-41512	9	12	accountancy	accountancy	PROPN
cjfa-41512	9	13	,	,	PUNCT
cjfa-41512	9	14	chukwuemeka	chukwuemeka	PROPN
cjfa-41512	9	15	odumegwu	odumegwu	PROPN
cjfa-41512	9	16	ojukwu	ojukwu	PROPN
cjfa-41512	9	17	university	university	PROPN
cjfa-41512	9	18	,	,	PUNCT
cjfa-41512	9	19	igbariam	igbariam	NOUN
cjfa-41512	9	20	campus	campus	PROPN
cjfa-41512	9	21	,	,	PUNCT
cjfa-41512	9	22	anambra	anambra	PROPN
cjfa-41512	9	23	state	state	PROPN
cjfa-41512	9	24	,	,	PUNCT
cjfa-41512	9	25	nigeria	nigeria	PROPN
cjfa-41512	9	26	,	,	PUNCT
cjfa-41512	9	27	phone	phone	NOUN
cjfa-41512	9	28	:	:	PUNCT
cjfa-41512	9	29	+2348063498848	+2348063498848	NUM
cjfa-41512	9	30	;	;	PUNCT
cjfa-41512	9	31	orcid	orcid	NOUN
cjfa-41512	10	1	i	i	NOUN
cjfa-41512	10	2	d	d	NOUN
cjfa-41512	10	3	:	:	PUNCT
cjfa-41512	10	4	https://orcid.org/0000-0003-4736-9940	https://orcid.org/0000-0003-4736-9940	NOUN
cjfa-41512	10	5	.	.	PUNCT
cjfa-41512	11	1	copernican	copernican	PROPN
cjfa-41512	11	2	journal	journal	PROPN
cjfa-41512	11	3	of	of	ADP
cjfa-41512	11	4	finance	finance	PROPN
cjfa-41512	11	5	&	&	CCONJ
cjfa-41512	11	6	accounting	accounting	PROPN
cjfa-41512	11	7	e	e	PROPN
cjfa-41512	11	8	-	-	PROPN
cjfa-41512	11	9	issn	issn	PROPN
cjfa-41512	11	10	2300	2300	NUM
cjfa-41512	11	11	-	-	SYM
cjfa-41512	11	12	3065	3065	NUM
cjfa-41512	11	13	p	p	PROPN
cjfa-41512	11	14	-	-	PUNCT
cjfa-41512	11	15	issn	issn	PROPN
cjfa-41512	11	16	2300	2300	NUM
cjfa-41512	11	17	-	-	SYM
cjfa-41512	11	18	12402022	12402022	NUM
cjfa-41512	11	19	,	,	PUNCT
cjfa-41512	11	20	volume	volume	NOUN
cjfa-41512	11	21	11	11	NUM
cjfa-41512	11	22	,	,	PUNCT
cjfa-41512	11	23	issue	issue	NOUN
cjfa-41512	11	24	2	2	NUM
cjfa-41512	11	25	emeka	emeka	NOUN
cjfa-41512	11	26	-	-	PUNCT
cjfa-41512	11	27	nwokeji	nwokeji	PROPN
cjfa-41512	11	28	,	,	PUNCT
cjfa-41512	11	29	n.a	n.a	PROPN
cjfa-41512	11	30	.	.	PROPN
cjfa-41512	11	31	,	,	PUNCT
cjfa-41512	11	32	nangih	nangih	PROPN
cjfa-41512	11	33	,	,	PUNCT
cjfa-41512	11	34	e.	e.	PROPN
cjfa-41512	11	35	,	,	PUNCT
cjfa-41512	11	36	chiedu	chiedu	PROPN
cjfa-41512	11	37	,	,	PUNCT
cjfa-41512	11	38	c.o	c.o	PROPN
cjfa-41512	11	39	.	.	PROPN
cjfa-41512	11	40	,	,	PUNCT
cjfa-41512	11	41	&	&	CCONJ
cjfa-41512	11	42	ekwunife	ekwunife	PROPN
cjfa-41512	11	43	,	,	PUNCT
cjfa-41512	11	44	e.n	e.n	PROPN
cjfa-41512	11	45	.	.	PROPN
cjfa-41512	11	46	(	(	PUNCT
cjfa-41512	11	47	2022	2022	NUM
cjfa-41512	11	48	)	)	PUNCT
cjfa-41512	11	49	.	.	PUNCT
cjfa-41512	12	1	reaction	reaction	NOUN
cjfa-41512	12	2	of	of	ADP
cjfa-41512	12	3	share	share	NOUN
cjfa-41512	12	4	prices	price	NOUN
cjfa-41512	12	5	to	to	PART
cjfa-41512	12	6	dividend	dividend	VERB
cjfa-41512	12	7	policy	policy	NOUN
cjfa-41512	12	8	of	of	ADP
cjfa-41512	12	9	non	non	ADJ
cjfa-41512	12	10	-	-	ADJ
cjfa-41512	12	11	financial	financial	ADJ
cjfa-41512	12	12	firms	firm	NOUN
cjfa-41512	12	13	in	in	ADP
cjfa-41512	12	14	nigeria	nigeria	PROPN
cjfa-41512	12	15	:	:	PUNCT
cjfa-41512	12	16	a	a	DET
cjfa-41512	12	17	panel	panel	NOUN
cjfa-41512	12	18	data	datum	NOUN
cjfa-41512	12	19	approach	approach	NOUN
cjfa-41512	12	20	.	.	PUNCT
cjfa-41512	13	1	copernican	copernican	PROPN
cjfa-41512	13	2	journal	journal	PROPN
cjfa-41512	13	3	of	of	ADP
cjfa-41512	13	4	finance	finance	PROPN
cjfa-41512	13	5	&	&	CCONJ
cjfa-41512	13	6	accounting	accounting	PROPN
cjfa-41512	13	7	,	,	PUNCT
cjfa-41512	13	8	11(2	11(2	NUM
cjfa-41512	13	9	)	)	PUNCT
cjfa-41512	13	10	,	,	PUNCT
cjfa-41512	13	11	31–49	31–49	NUM
cjfa-41512	13	12	.	.	PROPN
cjfa-41512	14	1	http://dx.doi.org/10.12775/cjfa.2022.007	http://dx.doi.org/10.12775/cjfa.2022.007	PROPN
cjfa-41512	14	2	nkechi	nkechi	PROPN
cjfa-41512	14	3	a.	a.	PROPN
cjfa-41512	14	4	emeka	emeka	PROPN
cjfa-41512	14	5	-	-	PUNCT
cjfa-41512	14	6	nwokeji	nwokeji	PROPN
cjfa-41512	14	7	*	*	PROPN
cjfa-41512	14	8	chukwuemeka	chukwuemeka	PROPN
cjfa-41512	14	9	odumegwu	odumegwu	PROPN
cjfa-41512	14	10	ojukwu	ojukwu	PROPN
cjfa-41512	14	11	university	university	NOUN
cjfa-41512	14	12	efeeloo	efeeloo	VERB
cjfa-41512	14	13	nangih	nangih	PROPN
cjfa-41512	14	14	*	*	PROPN
cjfa-41512	14	15	*	*	PUNCT
cjfa-41512	14	16	ken	ken	ADJ
cjfa-41512	14	17	saro	saro	NOUN
cjfa-41512	14	18	-	-	PUNCT
cjfa-41512	14	19	wiwa	wiwa	NOUN
cjfa-41512	14	20	polytechnic	polytechnic	ADJ
cjfa-41512	14	21	christian	christian	PROPN
cjfa-41512	14	22	o.	o.	PROPN
cjfa-41512	14	23	chiedu	chiedu	PROPN
cjfa-41512	14	24	*	*	PROPN
cjfa-41512	14	25	*	*	PROPN
cjfa-41512	14	26	*	*	PUNCT
cjfa-41512	14	27	delta	delta	PROPN
cjfa-41512	14	28	state	state	PROPN
cjfa-41512	14	29	polytechnic	polytechnic	PROPN
cjfa-41512	14	30	ebele	ebele	PROPN
cjfa-41512	14	31	n.	n.	PROPN
cjfa-41512	14	32	ekwunife	ekwunife	PROPN
cjfa-41512	14	33	*	*	PROPN
cjfa-41512	14	34	*	*	PUNCT
cjfa-41512	14	35	*	*	PUNCT
cjfa-41512	14	36	*	*	PUNCT
cjfa-41512	14	37	chukwuemeka	chukwuemeka	PROPN
cjfa-41512	14	38	odumegwu	odumegwu	PROPN
cjfa-41512	14	39	ojukwu	ojukwu	PROPN
cjfa-41512	14	40	university	university	NOUN
cjfa-41512	14	41	reaction	reaction	NOUN
cjfa-41512	14	42	of	of	ADP
cjfa-41512	14	43	share	share	NOUN
cjfa-41512	14	44	prices	price	NOUN
cjfa-41512	14	45	to	to	PART
cjfa-41512	14	46	dividend	dividend	VERB
cjfa-41512	14	47	policy	policy	NOUN
cjfa-41512	14	48	of	of	ADP
cjfa-41512	14	49	non	non	ADJ
cjfa-41512	14	50	-	-	ADJ
cjfa-41512	14	51	financial	financial	ADJ
cjfa-41512	14	52	firms	firm	NOUN
cjfa-41512	14	53	in	in	ADP
cjfa-41512	14	54	nigeria	nigeria	PROPN
cjfa-41512	14	55	:	:	PUNCT
cjfa-41512	14	56	a	a	DET
cjfa-41512	14	57	panel	panel	NOUN
cjfa-41512	14	58	data	datum	NOUN
cjfa-41512	14	59	approach	approach	NOUN
cjfa-41512	14	60	keywords	keyword	NOUN
cjfa-41512	14	61	:	:	PUNCT
cjfa-41512	14	62	dividend	dividend	VERB
cjfa-41512	14	63	payout	payout	NOUN
cjfa-41512	14	64	ratio	ratio	NOUN
cjfa-41512	14	65	,	,	PUNCT
cjfa-41512	14	66	dividend	dividend	NOUN
cjfa-41512	14	67	yield	yield	NOUN
cjfa-41512	14	68	,	,	PUNCT
cjfa-41512	14	69	market	market	NOUN
cjfa-41512	14	70	reaction	reaction	NOUN
cjfa-41512	14	71	,	,	PUNCT
cjfa-41512	14	72	share	share	NOUN
cjfa-41512	14	73	price	price	NOUN
cjfa-41512	14	74	,	,	PUNCT
cjfa-41512	14	75	firm	firm	ADJ
cjfa-41512	14	76	performance	performance	NOUN
cjfa-41512	14	77	,	,	PUNCT
cjfa-41512	14	78	capital	capital	NOUN
cjfa-41512	14	79	market	market	NOUN
cjfa-41512	14	80	.	.	PUNCT
cjfa-41512	15	1	n.a	n.a	PROPN
cjfa-41512	15	2	.	.	PROPN
cjfa-41512	15	3	emeka	emeka	PROPN
cjfa-41512	15	4	-	-	PUNCT
cjfa-41512	15	5	nwokeji	nwokeji	PROPN
cjfa-41512	15	6	,	,	PUNCT
cjfa-41512	15	7	e.	e.	PROPN
cjfa-41512	15	8	nangih	nangih	PROPN
cjfa-41512	15	9	,	,	PUNCT
cjfa-41512	15	10	c.o	c.o	PROPN
cjfa-41512	15	11	.	.	PROPN
cjfa-41512	15	12	chiedu	chiedu	PROPN
cjfa-41512	15	13	,	,	PUNCT
cjfa-41512	15	14	e.n	e.n	PROPN
cjfa-41512	15	15	.	.	PROPN
cjfa-41512	15	16	ekwunife3232	ekwunife3232	PROPN
cjfa-41512	15	17	j	j	PROPN
cjfa-41512	15	18	e	e	PROPN
cjfa-41512	15	19	l	l	PROPN
cjfa-41512	15	20	classification	classification	NOUN
cjfa-41512	15	21	:	:	PUNCT
cjfa-41512	15	22	g3	g3	PROPN
cjfa-41512	15	23	,	,	PUNCT
cjfa-41512	15	24	g35	g35	PROPN
cjfa-41512	15	25	,	,	PUNCT
cjfa-41512	15	26	m41	m41	PROPN
cjfa-41512	15	27	.	.	PUNCT
cjfa-41512	16	1	abstract	abstract	PROPN
cjfa-41512	16	2	:	:	PUNCT
cjfa-41512	16	3	the	the	DET
cjfa-41512	16	4	study	study	NOUN
cjfa-41512	16	5	analyzed	analyze	VERB
cjfa-41512	16	6	how	how	SCONJ
cjfa-41512	16	7	share	share	NOUN
cjfa-41512	16	8	prices	price	NOUN
cjfa-41512	16	9	react	react	VERB
cjfa-41512	16	10	to	to	PART
cjfa-41512	16	11	dividend	dividend	VERB
cjfa-41512	16	12	policies	policy	NOUN
cjfa-41512	16	13	of	of	ADP
cjfa-41512	16	14	non	non	ADJ
cjfa-41512	16	15	-	-	ADJ
cjfa-41512	16	16	financial	financial	ADJ
cjfa-41512	16	17	firms	firm	NOUN
cjfa-41512	16	18	in	in	ADP
cjfa-41512	16	19	nigeria	nigeria	PROPN
cjfa-41512	16	20	.	.	PUNCT
cjfa-41512	17	1	data	datum	NOUN
cjfa-41512	17	2	were	be	AUX
cjfa-41512	17	3	collected	collect	VERB
cjfa-41512	17	4	from	from	ADP
cjfa-41512	17	5	a	a	DET
cjfa-41512	17	6	sample	sample	NOUN
cjfa-41512	17	7	of	of	ADP
cjfa-41512	17	8	31	31	NUM
cjfa-41512	17	9	non	non	ADJ
cjfa-41512	17	10	-	-	ADJ
cjfa-41512	17	11	financial	financial	ADJ
cjfa-41512	17	12	firms	firm	NOUN
cjfa-41512	17	13	using	use	VERB
cjfa-41512	17	14	an	an	DET
cjfa-41512	17	15	ex	ex	ADJ
cjfa-41512	17	16	post	post	X
cjfa-41512	17	17	facto	facto	X
cjfa-41512	17	18	research	research	NOUN
cjfa-41512	17	19	design	design	NOUN
cjfa-41512	17	20	from	from	ADP
cjfa-41512	17	21	2013	2013	NUM
cjfa-41512	17	22	to	to	ADP
cjfa-41512	17	23	2019	2019	NUM
cjfa-41512	17	24	,	,	PUNCT
cjfa-41512	17	25	resulting	result	VERB
cjfa-41512	17	26	in	in	ADP
cjfa-41512	17	27	217	217	NUM
cjfa-41512	17	28	firm	firm	ADJ
cjfa-41512	17	29	-	-	PUNCT
cjfa-41512	17	30	specific	specific	ADJ
cjfa-41512	17	31	observations	observation	NOUN
cjfa-41512	17	32	.	.	PUNCT
cjfa-41512	18	1	descriptive	descriptive	ADJ
cjfa-41512	18	2	statistics	statistic	NOUN
cjfa-41512	18	3	,	,	PUNCT
cjfa-41512	18	4	diagnostic	diagnostic	ADJ
cjfa-41512	18	5	tests	test	NOUN
cjfa-41512	18	6	,	,	PUNCT
cjfa-41512	18	7	and	and	CCONJ
cjfa-41512	18	8	inferential	inferential	ADJ
cjfa-41512	18	9	statistics	statistic	NOUN
cjfa-41512	18	10	were	be	AUX
cjfa-41512	18	11	used	use	VERB
cjfa-41512	18	12	as	as	ADP
cjfa-41512	18	13	statistical	statistical	ADJ
cjfa-41512	18	14	tools	tool	NOUN
cjfa-41512	18	15	of	of	ADP
cjfa-41512	18	16	analysis	analysis	NOUN
cjfa-41512	18	17	.	.	PUNCT
cjfa-41512	19	1	results	result	NOUN
cjfa-41512	19	2	revealed	reveal	VERB
cjfa-41512	19	3	that	that	SCONJ
cjfa-41512	19	4	dividend	dividend	NOUN
cjfa-41512	19	5	per	per	ADP
cjfa-41512	19	6	share	share	NOUN
cjfa-41512	19	7	positively	positively	ADV
cjfa-41512	19	8	and	and	CCONJ
cjfa-41512	19	9	significantly	significantly	ADV
cjfa-41512	19	10	affects	affect	VERB
cjfa-41512	19	11	share	share	NOUN
cjfa-41512	19	12	prices	price	NOUN
cjfa-41512	19	13	of	of	ADP
cjfa-41512	19	14	sampled	sample	VERB
cjfa-41512	19	15	firms	firm	NOUN
cjfa-41512	19	16	.	.	PUNCT
cjfa-41512	20	1	this	this	DET
cjfa-41512	20	2	finding	finding	NOUN
cjfa-41512	20	3	affirms	affirm	VERB
cjfa-41512	20	4	gordon	gordon	PROPN
cjfa-41512	20	5	’s	’s	PART
cjfa-41512	20	6	bird	bird	NOUN
cjfa-41512	20	7	in	in	ADP
cjfa-41512	20	8	hand	hand	NOUN
cjfa-41512	20	9	theory	theory	NOUN
cjfa-41512	20	10	that	that	PRON
cjfa-41512	20	11	share	share	NOUN
cjfa-41512	20	12	prices	price	NOUN
cjfa-41512	20	13	are	be	AUX
cjfa-41512	20	14	affected	affect	VERB
cjfa-41512	20	15	by	by	ADP
cjfa-41512	20	16	dividend	dividend	NOUN
cjfa-41512	20	17	.	.	PUNCT
cjfa-41512	21	1	dividend	dividend	NOUN
cjfa-41512	21	2	payout	payout	NOUN
cjfa-41512	21	3	ratio	ratio	NOUN
cjfa-41512	21	4	,	,	PUNCT
cjfa-41512	21	5	dividend	dividend	NOUN
cjfa-41512	21	6	yield	yield	NOUN
cjfa-41512	21	7	,	,	PUNCT
cjfa-41512	21	8	firm	firm	NOUN
cjfa-41512	21	9	,	,	PUNCT
cjfa-41512	21	10	size	size	NOUN
cjfa-41512	21	11	and	and	CCONJ
cjfa-41512	21	12	firm	firm	ADJ
cjfa-41512	21	13	age	age	NOUN
cjfa-41512	21	14	do	do	AUX
cjfa-41512	21	15	not	not	PART
cjfa-41512	21	16	have	have	VERB
cjfa-41512	21	17	significant	significant	ADJ
cjfa-41512	21	18	effect	effect	NOUN
cjfa-41512	21	19	on	on	ADP
cjfa-41512	21	20	share	share	NOUN
cjfa-41512	21	21	prices	price	NOUN
cjfa-41512	21	22	of	of	ADP
cjfa-41512	21	23	sampled	sample	VERB
cjfa-41512	21	24	firms	firm	NOUN
cjfa-41512	21	25	.	.	PUNCT
cjfa-41512	22	1	consequently	consequently	ADV
cjfa-41512	22	2	,	,	PUNCT
cjfa-41512	22	3	the	the	DET
cjfa-41512	22	4	study	study	NOUN
cjfa-41512	22	5	recommends	recommend	VERB
cjfa-41512	22	6	that	that	SCONJ
cjfa-41512	22	7	firms	firm	NOUN
cjfa-41512	22	8	should	should	AUX
cjfa-41512	22	9	ensure	ensure	VERB
cjfa-41512	22	10	that	that	SCONJ
cjfa-41512	22	11	a	a	DET
cjfa-41512	22	12	good	good	ADJ
cjfa-41512	22	13	dividend	dividend	NOUN
cjfa-41512	22	14	policy	policy	NOUN
cjfa-41512	22	15	is	be	AUX
cjfa-41512	22	16	implemented	implement	VERB
cjfa-41512	22	17	and	and	CCONJ
cjfa-41512	22	18	that	that	PRON
cjfa-41512	22	19	dividend	dividend	NOUN
cjfa-41512	22	20	per	per	ADP
cjfa-41512	22	21	share	share	NOUN
cjfa-41512	22	22	policies	policy	NOUN
cjfa-41512	22	23	are	be	AUX
cjfa-41512	22	24	maintained	maintain	VERB
cjfa-41512	22	25	,	,	PUNCT
cjfa-41512	22	26	as	as	SCONJ
cjfa-41512	22	27	this	this	PRON
cjfa-41512	22	28	has	have	AUX
cjfa-41512	22	29	been	be	AUX
cjfa-41512	22	30	empirically	empirically	ADV
cjfa-41512	22	31	demonstrated	demonstrate	VERB
cjfa-41512	22	32	to	to	PART
cjfa-41512	22	33	influence	influence	NOUN
cjfa-41512	22	34	share	share	NOUN
cjfa-41512	22	35	prices	price	NOUN
cjfa-41512	22	36	.	.	PUNCT
cjfa-41512	22	37	 	 	SPACE
cjfa-41512	23	1	introduction	introduction	NOUN
cjfa-41512	23	2	 	 	SPACE
cjfa-41512	23	3	introduction	introduction	NOUN
cjfa-41512	23	4	every	every	DET
cjfa-41512	23	5	financial	financial	ADJ
cjfa-41512	23	6	manager	manager	NOUN
cjfa-41512	23	7	makes	make	VERB
cjfa-41512	23	8	decisions	decision	NOUN
cjfa-41512	23	9	that	that	PRON
cjfa-41512	23	10	have	have	VERB
cjfa-41512	23	11	impact	impact	NOUN
cjfa-41512	23	12	on	on	ADP
cjfa-41512	23	13	a	a	DET
cjfa-41512	23	14	company	company	NOUN
cjfa-41512	23	15	’s	’s	PART
cjfa-41512	23	16	worth	worth	ADJ
cjfa-41512	23	17	.	.	PUNCT
cjfa-41512	24	1	according	accord	VERB
cjfa-41512	24	2	to	to	ADP
cjfa-41512	24	3	omilabua	omilabua	PROPN
cjfa-41512	24	4	,	,	PUNCT
cjfa-41512	24	5	alao	alao	PROPN
cjfa-41512	24	6	and	and	CCONJ
cjfa-41512	24	7	situ	situ	PROPN
cjfa-41512	24	8	(	(	PUNCT
cjfa-41512	24	9	2018	2018	NUM
cjfa-41512	24	10	)	)	PUNCT
cjfa-41512	24	11	,	,	PUNCT
cjfa-41512	24	12	these	these	DET
cjfa-41512	24	13	financial	financial	ADJ
cjfa-41512	24	14	decisions	decision	NOUN
cjfa-41512	24	15	,	,	PUNCT
cjfa-41512	24	16	which	which	PRON
cjfa-41512	24	17	may	may	AUX
cjfa-41512	24	18	have	have	VERB
cjfa-41512	24	19	various	various	ADJ
cjfa-41512	24	20	implications	implication	NOUN
cjfa-41512	24	21	(	(	PUNCT
cjfa-41512	24	22	positive	positive	ADJ
cjfa-41512	24	23	or	or	CCONJ
cjfa-41512	24	24	otherwise	otherwise	ADV
cjfa-41512	24	25	)	)	PUNCT
cjfa-41512	24	26	on	on	ADP
cjfa-41512	24	27	the	the	DET
cjfa-41512	24	28	finances	finance	NOUN
cjfa-41512	24	29	of	of	ADP
cjfa-41512	24	30	the	the	DET
cjfa-41512	24	31	organization	organization	NOUN
cjfa-41512	24	32	,	,	PUNCT
cjfa-41512	24	33	are	be	AUX
cjfa-41512	24	34	broadly	broadly	ADV
cjfa-41512	24	35	classified	classify	VERB
cjfa-41512	24	36	into	into	ADP
cjfa-41512	24	37	three	three	NUM
cjfa-41512	24	38	:	:	PUNCT
cjfa-41512	24	39	investment	investment	NOUN
cjfa-41512	24	40	decisions	decision	NOUN
cjfa-41512	24	41	(	(	PUNCT
cjfa-41512	24	42	that	that	PRON
cjfa-41512	24	43	has	have	VERB
cjfa-41512	24	44	to	to	PART
cjfa-41512	24	45	do	do	VERB
cjfa-41512	24	46	with	with	ADP
cjfa-41512	24	47	where	where	SCONJ
cjfa-41512	24	48	to	to	PART
cjfa-41512	24	49	invest	invest	VERB
cjfa-41512	24	50	the	the	DET
cjfa-41512	24	51	business	business	NOUN
cjfa-41512	24	52	scarce	scarce	ADJ
cjfa-41512	24	53	resources	resource	NOUN
cjfa-41512	24	54	to	to	PART
cjfa-41512	24	55	be	be	AUX
cjfa-41512	24	56	able	able	ADJ
cjfa-41512	24	57	to	to	PART
cjfa-41512	24	58	make	make	VERB
cjfa-41512	24	59	good	good	ADJ
cjfa-41512	24	60	returns	return	NOUN
cjfa-41512	24	61	on	on	ADP
cjfa-41512	24	62	investment	investment	NOUN
cjfa-41512	24	63	)	)	PUNCT
cjfa-41512	24	64	;	;	PUNCT
cjfa-41512	24	65	financing	financing	NOUN
cjfa-41512	24	66	decisions	decision	NOUN
cjfa-41512	24	67	(	(	PUNCT
cjfa-41512	24	68	which	which	PRON
cjfa-41512	24	69	has	have	VERB
cjfa-41512	24	70	to	to	PART
cjfa-41512	24	71	do	do	VERB
cjfa-41512	24	72	with	with	ADP
cjfa-41512	24	73	where	where	SCONJ
cjfa-41512	24	74	to	to	PART
cjfa-41512	24	75	raise	raise	VERB
cjfa-41512	24	76	funds	fund	NOUN
cjfa-41512	24	77	for	for	ADP
cjfa-41512	24	78	investment	investment	NOUN
cjfa-41512	24	79	purposes	purpose	NOUN
cjfa-41512	24	80	,	,	PUNCT
cjfa-41512	24	81	including	include	VERB
cjfa-41512	24	82	the	the	DET
cjfa-41512	24	83	right	right	ADJ
cjfa-41512	24	84	debtequity	debtequity	NOUN
cjfa-41512	24	85	mix	mix	NOUN
cjfa-41512	24	86	to	to	PART
cjfa-41512	24	87	be	be	AUX
cjfa-41512	24	88	employed	employ	VERB
cjfa-41512	24	89	in	in	ADP
cjfa-41512	24	90	order	order	NOUN
cjfa-41512	24	91	to	to	PART
cjfa-41512	24	92	maximize	maximize	VERB
cjfa-41512	24	93	shareholders	shareholder	NOUN
cjfa-41512	24	94	’	'	PUNCT
cjfa-41512	24	95	value	value	NOUN
cjfa-41512	24	96	)	)	PUNCT
cjfa-41512	24	97	and	and	CCONJ
cjfa-41512	24	98	dividend	dividend	NOUN
cjfa-41512	24	99	decisions	decision	NOUN
cjfa-41512	24	100	(	(	PUNCT
cjfa-41512	24	101	which	which	PRON
cjfa-41512	24	102	entails	entail	VERB
cjfa-41512	24	103	the	the	DET
cjfa-41512	24	104	decisions	decision	NOUN
cjfa-41512	24	105	on	on	ADP
cjfa-41512	24	106	how	how	SCONJ
cjfa-41512	24	107	much	much	ADJ
cjfa-41512	24	108	profit	profit	NOUN
cjfa-41512	24	109	should	should	AUX
cjfa-41512	24	110	be	be	AUX
cjfa-41512	24	111	paid	pay	VERB
cjfa-41512	24	112	as	as	ADP
cjfa-41512	24	113	dividends	dividend	NOUN
cjfa-41512	24	114	to	to	ADP
cjfa-41512	24	115	the	the	DET
cjfa-41512	24	116	shareholders	shareholder	NOUN
cjfa-41512	24	117	and	and	CCONJ
cjfa-41512	24	118	the	the	DET
cjfa-41512	24	119	amount	amount	NOUN
cjfa-41512	24	120	to	to	PART
cjfa-41512	24	121	be	be	AUX
cjfa-41512	24	122	retained	retain	VERB
cjfa-41512	24	123	in	in	ADP
cjfa-41512	24	124	the	the	DET
cjfa-41512	24	125	business	business	NOUN
cjfa-41512	24	126	for	for	ADP
cjfa-41512	24	127	expansion	expansion	NOUN
cjfa-41512	24	128	and	and	CCONJ
cjfa-41512	24	129	growth	growth	NOUN
cjfa-41512	24	130	)	)	PUNCT
cjfa-41512	24	131	.	.	PUNCT
cjfa-41512	25	1	accordingly	accordingly	ADV
cjfa-41512	25	2	,	,	PUNCT
cjfa-41512	25	3	the	the	DET
cjfa-41512	25	4	ultimate	ultimate	ADJ
cjfa-41512	25	5	goal	goal	NOUN
cjfa-41512	25	6	of	of	ADP
cjfa-41512	25	7	the	the	DET
cjfa-41512	25	8	manager	manager	NOUN
cjfa-41512	25	9	while	while	SCONJ
cjfa-41512	25	10	making	make	VERB
cjfa-41512	25	11	such	such	ADJ
cjfa-41512	25	12	decisions	decision	NOUN
cjfa-41512	25	13	is	be	AUX
cjfa-41512	25	14	always	always	ADV
cjfa-41512	25	15	to	to	PART
cjfa-41512	25	16	maximize	maximize	VERB
cjfa-41512	25	17	the	the	DET
cjfa-41512	25	18	firm	firm	ADJ
cjfa-41512	25	19	value	value	NOUN
cjfa-41512	25	20	(	(	PUNCT
cjfa-41512	25	21	giang	giang	PROPN
cjfa-41512	25	22	&	&	CCONJ
cjfa-41512	25	23	tuan	tuan	PROPN
cjfa-41512	25	24	,	,	PUNCT
cjfa-41512	25	25	2016	2016	NUM
cjfa-41512	25	26	)	)	PUNCT
cjfa-41512	25	27	.	.	PUNCT
cjfa-41512	26	1	little	little	ADJ
cjfa-41512	26	2	wonder	wonder	NOUN
cjfa-41512	26	3	burhan	burhan	PROPN
cjfa-41512	26	4	and	and	CCONJ
cjfa-41512	26	5	rahmanti	rahmanti	ADJ
cjfa-41512	26	6	(	(	PUNCT
cjfa-41512	26	7	2012	2012	NUM
cjfa-41512	26	8	)	)	PUNCT
cjfa-41512	26	9	cited	cite	VERB
cjfa-41512	26	10	in	in	ADP
cjfa-41512	26	11	aifuwa	aifuwa	PROPN
cjfa-41512	26	12	(	(	PUNCT
cjfa-41512	26	13	2020	2020	NUM
cjfa-41512	26	14	)	)	PUNCT
cjfa-41512	27	1	affirms	affirm	VERB
cjfa-41512	27	2	that	that	SCONJ
cjfa-41512	27	3	a	a	DET
cjfa-41512	27	4	firm	firm	NOUN
cjfa-41512	27	5	’s	’s	PART
cjfa-41512	27	6	ability	ability	NOUN
cjfa-41512	27	7	to	to	PART
cjfa-41512	27	8	build	build	VERB
cjfa-41512	27	9	value	value	NOUN
cjfa-41512	27	10	requires	require	VERB
cjfa-41512	27	11	generating	generate	VERB
cjfa-41512	27	12	sufficient	sufficient	ADJ
cjfa-41512	27	13	profit	profit	NOUN
cjfa-41512	27	14	while	while	SCONJ
cjfa-41512	27	15	also	also	ADV
cjfa-41512	27	16	meeting	meet	VERB
cjfa-41512	27	17	the	the	DET
cjfa-41512	27	18	needs	need	NOUN
cjfa-41512	27	19	of	of	ADP
cjfa-41512	27	20	a	a	DET
cjfa-41512	27	21	diverse	diverse	ADJ
cjfa-41512	27	22	set	set	NOUN
cjfa-41512	27	23	of	of	ADP
cjfa-41512	27	24	stakeholders	stakeholder	NOUN
cjfa-41512	27	25	.	.	PUNCT
cjfa-41512	28	1	thus	thus	ADV
cjfa-41512	28	2	,	,	PUNCT
cjfa-41512	28	3	omilabua	omilabua	PROPN
cjfa-41512	28	4	,	,	PUNCT
cjfa-41512	28	5	alao	alao	PROPN
cjfa-41512	28	6	and	and	CCONJ
cjfa-41512	28	7	situ	situ	PROPN
cjfa-41512	28	8	(	(	PUNCT
cjfa-41512	28	9	2018	2018	NUM
cjfa-41512	28	10	)	)	PUNCT
cjfa-41512	28	11	posit	posit	VERB
cjfa-41512	28	12	that	that	SCONJ
cjfa-41512	28	13	dividend	dividend	NOUN
cjfa-41512	28	14	policy	policy	NOUN
cjfa-41512	28	15	indicates	indicate	VERB
cjfa-41512	28	16	established	establish	VERB
cjfa-41512	28	17	benchmarks	benchmark	NOUN
cjfa-41512	28	18	and	and	CCONJ
cjfa-41512	28	19	guidelines	guideline	NOUN
cjfa-41512	28	20	which	which	PRON
cjfa-41512	28	21	underpins	underpin	VERB
cjfa-41512	28	22	management	management	NOUN
cjfa-41512	28	23	’s	’s	PART
cjfa-41512	28	24	decision	decision	NOUN
cjfa-41512	28	25	regarding	regard	VERB
cjfa-41512	28	26	distributing	distribute	VERB
cjfa-41512	28	27	profit	profit	NOUN
cjfa-41512	28	28	after	after	ADP
cjfa-41512	28	29	tax	tax	NOUN
cjfa-41512	28	30	(	(	PUNCT
cjfa-41512	28	31	pat	pat	PROPN
cjfa-41512	28	32	)	)	PUNCT
cjfa-41512	28	33	to	to	ADP
cjfa-41512	28	34	ordinary	ordinary	ADJ
cjfa-41512	28	35	shareholders	shareholder	NOUN
cjfa-41512	28	36	.	.	PUNCT
cjfa-41512	29	1	nangih	nangih	INTJ
cjfa-41512	29	2	(	(	PUNCT
cjfa-41512	29	3	2021	2021	NUM
cjfa-41512	29	4	)	)	PUNCT
cjfa-41512	29	5	argued	argue	VERB
cjfa-41512	29	6	that	that	SCONJ
cjfa-41512	29	7	investors	investor	NOUN
cjfa-41512	29	8	’	’	PART
cjfa-41512	29	9	returns	return	NOUN
cjfa-41512	29	10	are	be	AUX
cjfa-41512	29	11	measured	measure	VERB
cjfa-41512	29	12	from	from	ADP
cjfa-41512	29	13	the	the	DET
cjfa-41512	29	14	perspective	perspective	NOUN
cjfa-41512	29	15	of	of	ADP
cjfa-41512	29	16	what	what	PRON
cjfa-41512	29	17	the	the	DET
cjfa-41512	29	18	shareholders	shareholder	NOUN
cjfa-41512	29	19	earn	earn	VERB
cjfa-41512	29	20	e.g.	e.g.	ADV
cjfa-41512	29	21	earnings	earning	NOUN
cjfa-41512	29	22	per	per	ADP
cjfa-41512	29	23	share	share	NOUN
cjfa-41512	29	24	,	,	PUNCT
cjfa-41512	29	25	dividend	dividend	VERB
cjfa-41512	29	26	per	per	ADP
cjfa-41512	29	27	share	share	NOUN
cjfa-41512	29	28	,	,	PUNCT
cjfa-41512	29	29	earnings	earning	NOUN
cjfa-41512	29	30	yield	yield	NOUN
cjfa-41512	29	31	,	,	PUNCT
cjfa-41512	29	32	price	price	NOUN
cjfa-41512	29	33	-	-	PUNCT
cjfa-41512	29	34	earnings	earning	NOUN
cjfa-41512	29	35	ratio	ratio	NOUN
cjfa-41512	29	36	,	,	PUNCT
cjfa-41512	29	37	book	book	NOUN
cjfa-41512	29	38	value	value	NOUN
cjfa-41512	29	39	per	per	ADP
cjfa-41512	29	40	share	share	NOUN
cjfa-41512	29	41	,	,	PUNCT
cjfa-41512	29	42	market	market	NOUN
cjfa-41512	29	43	share	share	NOUN
cjfa-41512	29	44	price	price	NOUN
cjfa-41512	29	45	per	per	ADP
cjfa-41512	29	46	share	share	NOUN
cjfa-41512	29	47	and	and	CCONJ
cjfa-41512	29	48	dividend	dividend	NOUN
cjfa-41512	29	49	yield	yield	NOUN
cjfa-41512	29	50	.	.	PUNCT
cjfa-41512	30	1	he	he	PRON
cjfa-41512	30	2	noted	note	VERB
cjfa-41512	30	3	that	that	SCONJ
cjfa-41512	30	4	they	they	PRON
cjfa-41512	30	5	are	be	AUX
cjfa-41512	30	6	indicators	indicator	NOUN
cjfa-41512	30	7	of	of	ADP
cjfa-41512	30	8	what	what	PRON
cjfa-41512	30	9	shareholders	shareholder	NOUN
cjfa-41512	30	10	earn	earn	VERB
cjfa-41512	30	11	on	on	ADP
cjfa-41512	30	12	their	their	PRON
cjfa-41512	30	13	investments	investment	NOUN
cjfa-41512	30	14	in	in	ADP
cjfa-41512	30	15	the	the	DET
cjfa-41512	30	16	firm	firm	NOUN
cjfa-41512	30	17	.	.	PUNCT
cjfa-41512	31	1	dividend	dividend	NOUN
cjfa-41512	31	2	policy	policy	NOUN
cjfa-41512	31	3	reaction	reaction	NOUN
cjfa-41512	31	4	of	of	ADP
cjfa-41512	31	5	share	share	NOUN
cjfa-41512	31	6	prices	price	NOUN
cjfa-41512	31	7	to	to	PART
cjfa-41512	31	8	dividend	dividend	VERB
cjfa-41512	31	9	policy	policy	NOUN
cjfa-41512	31	10	…	…	PUNCT
cjfa-41512	31	11	3333	3333	NUM
cjfa-41512	31	12	therefore	therefore	ADV
cjfa-41512	31	13	has	have	VERB
cjfa-41512	31	14	to	to	PART
cjfa-41512	31	15	do	do	VERB
cjfa-41512	31	16	with	with	ADP
cjfa-41512	31	17	taking	take	VERB
cjfa-41512	31	18	decision	decision	NOUN
cjfa-41512	31	19	involving	involve	VERB
cjfa-41512	31	20	paying	pay	VERB
cjfa-41512	31	21	cash	cash	NOUN
cjfa-41512	31	22	dividends	dividend	NOUN
cjfa-41512	31	23	currently	currently	ADV
cjfa-41512	31	24	or	or	CCONJ
cjfa-41512	31	25	paying	pay	VERB
cjfa-41512	31	26	an	an	DET
cjfa-41512	31	27	increasing	increase	VERB
cjfa-41512	31	28	dividend	dividend	NOUN
cjfa-41512	31	29	at	at	ADP
cjfa-41512	31	30	a	a	DET
cjfa-41512	31	31	later	later	ADJ
cjfa-41512	31	32	date	date	NOUN
cjfa-41512	31	33	by	by	ADP
cjfa-41512	31	34	the	the	DET
cjfa-41512	31	35	firm	firm	NOUN
cjfa-41512	31	36	.	.	PUNCT
cjfa-41512	32	1	according	accord	VERB
cjfa-41512	32	2	to	to	ADP
cjfa-41512	32	3	islam	islam	PROPN
cjfa-41512	32	4	(	(	PUNCT
cjfa-41512	32	5	2018	2018	NUM
cjfa-41512	32	6	)	)	PUNCT
cjfa-41512	32	7	,	,	PUNCT
cjfa-41512	32	8	a	a	DET
cjfa-41512	32	9	company	company	NOUN
cjfa-41512	32	10	’s	’s	PART
cjfa-41512	32	11	dividend	dividend	NOUN
cjfa-41512	32	12	policy	policy	NOUN
cjfa-41512	32	13	determines	determine	VERB
cjfa-41512	32	14	how	how	SCONJ
cjfa-41512	32	15	much	much	ADJ
cjfa-41512	32	16	it	it	PRON
cjfa-41512	32	17	will	will	AUX
cjfa-41512	32	18	pay	pay	VERB
cjfa-41512	32	19	out	out	ADP
cjfa-41512	32	20	to	to	ADP
cjfa-41512	32	21	shareholders	shareholder	NOUN
cjfa-41512	32	22	,	,	PUNCT
cjfa-41512	32	23	keeping	keep	VERB
cjfa-41512	32	24	in	in	ADP
cjfa-41512	32	25	mind	mind	NOUN
cjfa-41512	32	26	that	that	SCONJ
cjfa-41512	32	27	the	the	DET
cjfa-41512	32	28	share	share	NOUN
cjfa-41512	32	29	valuation	valuation	NOUN
cjfa-41512	32	30	model	model	NOUN
cjfa-41512	32	31	emphasizes	emphasize	VERB
cjfa-41512	32	32	that	that	SCONJ
cjfa-41512	32	33	the	the	DET
cjfa-41512	32	34	amount	amount	NOUN
cjfa-41512	32	35	of	of	ADP
cjfa-41512	32	36	dividend	dividend	NOUN
cjfa-41512	32	37	issued	issue	VERB
cjfa-41512	32	38	to	to	ADP
cjfa-41512	32	39	shareholders	shareholder	NOUN
cjfa-41512	32	40	has	have	VERB
cjfa-41512	32	41	a	a	DET
cjfa-41512	32	42	significant	significant	ADJ
cjfa-41512	32	43	impact	impact	NOUN
cjfa-41512	32	44	on	on	ADP
cjfa-41512	32	45	the	the	DET
cjfa-41512	32	46	value	value	NOUN
cjfa-41512	32	47	of	of	ADP
cjfa-41512	32	48	a	a	DET
cjfa-41512	32	49	share	share	NOUN
cjfa-41512	32	50	.	.	PUNCT
cjfa-41512	33	1	many	many	ADJ
cjfa-41512	33	2	stakeholders	stakeholder	NOUN
cjfa-41512	33	3	,	,	PUNCT
cjfa-41512	33	4	particularly	particularly	ADV
cjfa-41512	33	5	investors	investor	NOUN
cjfa-41512	33	6	(	(	PUNCT
cjfa-41512	33	7	existing	exist	VERB
cjfa-41512	33	8	and	and	CCONJ
cjfa-41512	33	9	potential	potential	ADJ
cjfa-41512	33	10	)	)	PUNCT
cjfa-41512	33	11	,	,	PUNCT
cjfa-41512	33	12	have	have	VERB
cjfa-41512	33	13	interests	interest	NOUN
cjfa-41512	33	14	in	in	ADP
cjfa-41512	33	15	stock	stock	NOUN
cjfa-41512	33	16	returns	return	NOUN
cjfa-41512	33	17	or	or	CCONJ
cjfa-41512	33	18	share	share	NOUN
cjfa-41512	33	19	price	price	NOUN
cjfa-41512	33	20	information	information	NOUN
cjfa-41512	33	21	.	.	PUNCT
cjfa-41512	34	1	little	little	ADJ
cjfa-41512	34	2	wonder	wonder	NOUN
cjfa-41512	34	3	ashara	ashara	PROPN
cjfa-41512	34	4	,	,	PUNCT
cjfa-41512	34	5	emeka	emeka	PROPN
cjfa-41512	34	6	-	-	PUNCT
cjfa-41512	34	7	nwokeji	nwokeji	NOUN
cjfa-41512	34	8	and	and	CCONJ
cjfa-41512	34	9	ozua	ozua	ADJ
cjfa-41512	34	10	(	(	PUNCT
cjfa-41512	34	11	2020	2020	NUM
cjfa-41512	34	12	)	)	PUNCT
cjfa-41512	34	13	noted	note	VERB
cjfa-41512	34	14	that	that	SCONJ
cjfa-41512	34	15	corporate	corporate	ADJ
cjfa-41512	34	16	investors	investor	NOUN
cjfa-41512	34	17	want	want	VERB
cjfa-41512	34	18	a	a	DET
cjfa-41512	34	19	high	high	ADJ
cjfa-41512	34	20	return	return	NOUN
cjfa-41512	34	21	from	from	ADP
cjfa-41512	34	22	investment	investment	NOUN
cjfa-41512	34	23	and	and	CCONJ
cjfa-41512	34	24	are	be	AUX
cjfa-41512	34	25	thus	thus	ADV
cjfa-41512	34	26	attracted	attract	VERB
cjfa-41512	34	27	by	by	ADP
cjfa-41512	34	28	firms	firm	NOUN
cjfa-41512	34	29	with	with	ADP
cjfa-41512	34	30	management	management	NOUN
cjfa-41512	34	31	teams	team	NOUN
cjfa-41512	34	32	whose	whose	DET
cjfa-41512	34	33	dividend	dividend	NOUN
cjfa-41512	34	34	policies	policy	NOUN
cjfa-41512	34	35	support	support	VERB
cjfa-41512	34	36	the	the	DET
cjfa-41512	34	37	increase	increase	NOUN
cjfa-41512	34	38	in	in	ADP
cjfa-41512	34	39	firm	firm	ADJ
cjfa-41512	34	40	value	value	NOUN
cjfa-41512	34	41	with	with	ADP
cjfa-41512	34	42	an	an	DET
cjfa-41512	34	43	acceptable	acceptable	ADJ
cjfa-41512	34	44	risk	risk	NOUN
cjfa-41512	34	45	.	.	PUNCT
cjfa-41512	35	1	with	with	ADP
cjfa-41512	35	2	share	share	NOUN
cjfa-41512	35	3	price	price	NOUN
cjfa-41512	35	4	information	information	NOUN
cjfa-41512	35	5	,	,	PUNCT
cjfa-41512	35	6	an	an	DET
cjfa-41512	35	7	existing	exist	VERB
cjfa-41512	35	8	investor	investor	NOUN
cjfa-41512	35	9	will	will	AUX
cjfa-41512	35	10	be	be	AUX
cjfa-41512	35	11	able	able	ADJ
cjfa-41512	35	12	to	to	PART
cjfa-41512	35	13	forecast	forecast	VERB
cjfa-41512	35	14	or	or	CCONJ
cjfa-41512	35	15	estimate	estimate	VERB
cjfa-41512	35	16	his	his	PRON
cjfa-41512	35	17	earnings	earning	NOUN
cjfa-41512	35	18	while	while	SCONJ
cjfa-41512	35	19	potential	potential	ADJ
cjfa-41512	35	20	investor	investor	NOUN
cjfa-41512	35	21	is	be	AUX
cjfa-41512	35	22	provided	provide	VERB
cjfa-41512	35	23	with	with	ADP
cjfa-41512	35	24	more	more	ADJ
cjfa-41512	35	25	information	information	NOUN
cjfa-41512	35	26	that	that	PRON
cjfa-41512	35	27	will	will	AUX
cjfa-41512	35	28	enhance	enhance	VERB
cjfa-41512	35	29	their	their	PRON
cjfa-41512	35	30	investment	investment	NOUN
cjfa-41512	35	31	decisions	decision	NOUN
cjfa-41512	35	32	.	.	PUNCT
cjfa-41512	36	1	as	as	ADP
cjfa-41512	36	2	a	a	DET
cjfa-41512	36	3	result	result	NOUN
cjfa-41512	36	4	,	,	PUNCT
cjfa-41512	36	5	prospective	prospective	ADJ
cjfa-41512	36	6	investors	investor	NOUN
cjfa-41512	36	7	can	can	AUX
cjfa-41512	36	8	use	use	VERB
cjfa-41512	36	9	dividend	dividend	NOUN
cjfa-41512	36	10	policy	policy	NOUN
cjfa-41512	36	11	as	as	ADP
cjfa-41512	36	12	a	a	DET
cjfa-41512	36	13	source	source	NOUN
cjfa-41512	36	14	of	of	ADP
cjfa-41512	36	15	information	information	NOUN
cjfa-41512	36	16	before	before	ADP
cjfa-41512	36	17	committing	commit	VERB
cjfa-41512	36	18	to	to	ADP
cjfa-41512	36	19	an	an	DET
cjfa-41512	36	20	investment	investment	NOUN
cjfa-41512	36	21	(	(	PUNCT
cjfa-41512	36	22	margono	margono	PROPN
cjfa-41512	36	23	&	&	CCONJ
cjfa-41512	36	24	gantino	gantino	NOUN
cjfa-41512	36	25	,	,	PUNCT
cjfa-41512	36	26	2021	2021	NUM
cjfa-41512	36	27	)	)	PUNCT
cjfa-41512	36	28	.	.	PUNCT
cjfa-41512	37	1	motivation	motivation	NOUN
cjfa-41512	37	2	for	for	ADP
cjfa-41512	37	3	the	the	DET
cjfa-41512	37	4	studymotivation	studymotivation	NOUN
cjfa-41512	37	5	for	for	ADP
cjfa-41512	37	6	the	the	DET
cjfa-41512	37	7	study	study	NOUN
cjfa-41512	37	8	relationship	relationship	NOUN
cjfa-41512	37	9	between	between	ADP
cjfa-41512	37	10	dividend	dividend	NOUN
cjfa-41512	37	11	policy	policy	NOUN
cjfa-41512	37	12	and	and	CCONJ
cjfa-41512	37	13	stock	stock	NOUN
cjfa-41512	37	14	price	price	NOUN
cjfa-41512	37	15	movements	movement	NOUN
cjfa-41512	37	16	is	be	AUX
cjfa-41512	37	17	a	a	DET
cjfa-41512	37	18	prominent	prominent	ADJ
cjfa-41512	37	19	issue	issue	NOUN
cjfa-41512	37	20	in	in	ADP
cjfa-41512	37	21	accounting	accounting	NOUN
cjfa-41512	37	22	and	and	CCONJ
cjfa-41512	37	23	finance	finance	NOUN
cjfa-41512	37	24	research	research	NOUN
cjfa-41512	37	25	since	since	SCONJ
cjfa-41512	37	26	such	such	ADJ
cjfa-41512	37	27	knowledge	knowledge	NOUN
cjfa-41512	37	28	can	can	AUX
cjfa-41512	37	29	help	help	VERB
cjfa-41512	37	30	managers	manager	NOUN
cjfa-41512	37	31	and	and	CCONJ
cjfa-41512	37	32	stock	stock	NOUN
cjfa-41512	37	33	market	market	NOUN
cjfa-41512	37	34	traders	trader	NOUN
cjfa-41512	37	35	make	make	VERB
cjfa-41512	37	36	better	well	ADJ
cjfa-41512	37	37	judgement	judgement	NOUN
cjfa-41512	37	38	.	.	PUNCT
cjfa-41512	38	1	one	one	NUM
cjfa-41512	38	2	of	of	ADP
cjfa-41512	38	3	a	a	DET
cjfa-41512	38	4	company	company	NOUN
cjfa-41512	38	5	’s	’s	PART
cjfa-41512	38	6	management	management	NOUN
cjfa-41512	38	7	’s	’s	PART
cjfa-41512	38	8	tasks	task	NOUN
cjfa-41512	38	9	is	be	AUX
cjfa-41512	38	10	to	to	PART
cjfa-41512	38	11	define	define	VERB
cjfa-41512	38	12	the	the	DET
cjfa-41512	38	13	dividend	dividend	NOUN
cjfa-41512	38	14	policy	policy	NOUN
cjfa-41512	38	15	,	,	PUNCT
cjfa-41512	38	16	which	which	PRON
cjfa-41512	38	17	includes	include	VERB
cjfa-41512	38	18	the	the	DET
cjfa-41512	38	19	timing	timing	NOUN
cjfa-41512	38	20	and	and	CCONJ
cjfa-41512	38	21	amount	amount	NOUN
cjfa-41512	38	22	of	of	ADP
cjfa-41512	38	23	dividends	dividend	NOUN
cjfa-41512	38	24	to	to	PART
cjfa-41512	38	25	be	be	AUX
cjfa-41512	38	26	paid	pay	VERB
cjfa-41512	38	27	.	.	PUNCT
cjfa-41512	39	1	as	as	ADP
cjfa-41512	39	2	a	a	DET
cjfa-41512	39	3	result	result	NOUN
cjfa-41512	39	4	,	,	PUNCT
cjfa-41512	39	5	dividend	dividend	NOUN
cjfa-41512	39	6	policies	policy	NOUN
cjfa-41512	39	7	in	in	ADP
cjfa-41512	39	8	both	both	CCONJ
cjfa-41512	39	9	developed	developed	ADJ
cjfa-41512	39	10	and	and	CCONJ
cjfa-41512	39	11	developing	develop	VERB
cjfa-41512	39	12	countries	country	NOUN
cjfa-41512	39	13	have	have	AUX
cjfa-41512	39	14	been	be	AUX
cjfa-41512	39	15	a	a	DET
cjfa-41512	39	16	source	source	NOUN
cjfa-41512	39	17	of	of	ADP
cjfa-41512	39	18	worldwide	worldwide	ADJ
cjfa-41512	39	19	concern	concern	NOUN
cjfa-41512	39	20	.	.	PUNCT
cjfa-41512	40	1	prior	prior	ADJ
cjfa-41512	40	2	studies	study	NOUN
cjfa-41512	40	3	have	have	AUX
cjfa-41512	40	4	explored	explore	VERB
cjfa-41512	40	5	that	that	DET
cjfa-41512	40	6	dividend	dividend	NOUN
cjfa-41512	40	7	payment	payment	NOUN
cjfa-41512	40	8	policy	policy	NOUN
cjfa-41512	40	9	has	have	VERB
cjfa-41512	40	10	a	a	DET
cjfa-41512	40	11	link	link	NOUN
cjfa-41512	40	12	with	with	ADP
cjfa-41512	40	13	firm	firm	ADJ
cjfa-41512	40	14	performance	performance	NOUN
cjfa-41512	40	15	.	.	PUNCT
cjfa-41512	41	1	however	however	ADV
cjfa-41512	41	2	,	,	PUNCT
cjfa-41512	41	3	academics	academic	NOUN
cjfa-41512	41	4	are	be	AUX
cjfa-41512	41	5	divided	divide	VERB
cjfa-41512	41	6	on	on	ADP
cjfa-41512	41	7	the	the	DET
cjfa-41512	41	8	effects	effect	NOUN
cjfa-41512	41	9	of	of	ADP
cjfa-41512	41	10	dividend	dividend	NOUN
cjfa-41512	41	11	policy	policy	NOUN
cjfa-41512	41	12	.	.	PUNCT
cjfa-41512	42	1	some	some	PRON
cjfa-41512	42	2	are	be	AUX
cjfa-41512	42	3	of	of	ADP
cjfa-41512	42	4	the	the	DET
cjfa-41512	42	5	opinion	opinion	NOUN
cjfa-41512	42	6	that	that	SCONJ
cjfa-41512	42	7	when	when	SCONJ
cjfa-41512	42	8	dividends	dividend	NOUN
cjfa-41512	42	9	are	be	AUX
cjfa-41512	42	10	consistently	consistently	ADV
cjfa-41512	42	11	paid	pay	VERB
cjfa-41512	42	12	,	,	PUNCT
cjfa-41512	42	13	investors	investor	NOUN
cjfa-41512	42	14	are	be	AUX
cjfa-41512	42	15	attracted	attract	VERB
cjfa-41512	42	16	to	to	PART
cjfa-41512	42	17	buy	buy	VERB
cjfa-41512	42	18	into	into	ADP
cjfa-41512	42	19	the	the	DET
cjfa-41512	42	20	company	company	NOUN
cjfa-41512	42	21	,	,	PUNCT
cjfa-41512	42	22	which	which	PRON
cjfa-41512	42	23	improves	improve	VERB
cjfa-41512	42	24	the	the	DET
cjfa-41512	42	25	firm	firm	NOUN
cjfa-41512	42	26	’s	’s	PART
cjfa-41512	42	27	share	share	NOUN
cjfa-41512	42	28	price	price	NOUN
cjfa-41512	42	29	,	,	PUNCT
cjfa-41512	42	30	while	while	SCONJ
cjfa-41512	42	31	others	other	NOUN
cjfa-41512	42	32	claim	claim	VERB
cjfa-41512	42	33	that	that	SCONJ
cjfa-41512	42	34	the	the	DET
cjfa-41512	42	35	firm	firm	NOUN
cjfa-41512	42	36	’s	’s	PART
cjfa-41512	42	37	earnings	earning	NOUN
cjfa-41512	42	38	are	be	AUX
cjfa-41512	42	39	more	more	ADV
cjfa-41512	42	40	important	important	ADJ
cjfa-41512	42	41	in	in	ADP
cjfa-41512	42	42	determining	determine	VERB
cjfa-41512	42	43	the	the	DET
cjfa-41512	42	44	share	share	NOUN
cjfa-41512	42	45	prices	price	NOUN
cjfa-41512	42	46	of	of	ADP
cjfa-41512	42	47	firms	firm	NOUN
cjfa-41512	42	48	and	and	CCONJ
cjfa-41512	42	49	not	not	PART
cjfa-41512	42	50	only	only	ADJ
cjfa-41512	42	51	dividends	dividend	NOUN
cjfa-41512	42	52	.	.	PUNCT
cjfa-41512	43	1	hence	hence	ADV
cjfa-41512	43	2	,	,	PUNCT
cjfa-41512	43	3	findings	finding	NOUN
cjfa-41512	43	4	of	of	ADP
cjfa-41512	43	5	most	most	ADJ
cjfa-41512	43	6	of	of	ADP
cjfa-41512	43	7	the	the	DET
cjfa-41512	43	8	studies	study	NOUN
cjfa-41512	43	9	have	have	AUX
cjfa-41512	43	10	led	lead	VERB
cjfa-41512	43	11	to	to	ADP
cjfa-41512	43	12	some	some	DET
cjfa-41512	43	13	unresolved	unresolved	ADJ
cjfa-41512	43	14	debates	debate	NOUN
cjfa-41512	43	15	by	by	ADP
cjfa-41512	43	16	researchers	researcher	NOUN
cjfa-41512	43	17	on	on	ADP
cjfa-41512	43	18	this	this	DET
cjfa-41512	43	19	subject	subject	NOUN
cjfa-41512	43	20	matter	matter	NOUN
cjfa-41512	43	21	.	.	PUNCT
cjfa-41512	44	1	for	for	ADP
cjfa-41512	44	2	instance	instance	NOUN
cjfa-41512	44	3	,	,	PUNCT
cjfa-41512	44	4	prior	prior	ADJ
cjfa-41512	44	5	studies	study	NOUN
cjfa-41512	44	6	by	by	ADP
cjfa-41512	44	7	marfo	marfo	ADJ
cjfa-41512	44	8	-	-	PUNCT
cjfa-41512	44	9	yiadom	yiadom	NOUN
cjfa-41512	44	10	and	and	CCONJ
cjfa-41512	44	11	agyei	agyei	ADJ
cjfa-41512	44	12	(	(	PUNCT
cjfa-41512	44	13	2011	2011	NUM
cjfa-41512	44	14	)	)	PUNCT
cjfa-41512	44	15	,	,	PUNCT
cjfa-41512	44	16	adelegan	adelegan	NOUN
cjfa-41512	44	17	(	(	PUNCT
cjfa-41512	44	18	2003	2003	NUM
cjfa-41512	44	19	)	)	PUNCT
cjfa-41512	44	20	,	,	PUNCT
cjfa-41512	44	21	ajanthan	ajanthan	PROPN
cjfa-41512	44	22	(	(	PUNCT
cjfa-41512	44	23	2013	2013	NUM
cjfa-41512	44	24	)	)	PUNCT
cjfa-41512	44	25	,	,	PUNCT
cjfa-41512	44	26	abiola	abiola	X
cjfa-41512	44	27	(	(	PUNCT
cjfa-41512	44	28	2014	2014	NUM
cjfa-41512	44	29	)	)	PUNCT
cjfa-41512	44	30	,	,	PUNCT
cjfa-41512	44	31	among	among	ADP
cjfa-41512	44	32	others	other	NOUN
cjfa-41512	44	33	,	,	PUNCT
cjfa-41512	44	34	investigated	investigate	VERB
cjfa-41512	44	35	the	the	DET
cjfa-41512	44	36	relationship	relationship	NOUN
cjfa-41512	44	37	between	between	ADP
cjfa-41512	44	38	dividend	dividend	NOUN
cjfa-41512	44	39	payout	payout	NOUN
cjfa-41512	44	40	and	and	CCONJ
cjfa-41512	44	41	the	the	DET
cjfa-41512	44	42	performance	performance	NOUN
cjfa-41512	44	43	of	of	ADP
cjfa-41512	44	44	firms	firm	NOUN
cjfa-41512	44	45	.	.	PUNCT
cjfa-41512	45	1	this	this	DET
cjfa-41512	45	2	study	study	NOUN
cjfa-41512	45	3	therefore	therefore	ADV
cjfa-41512	45	4	tries	try	VERB
cjfa-41512	45	5	to	to	PART
cjfa-41512	45	6	resolves	resolve	NOUN
cjfa-41512	45	7	those	those	DET
cjfa-41512	45	8	controversies	controversy	NOUN
cjfa-41512	45	9	as	as	ADV
cjfa-41512	45	10	well	well	ADV
cjfa-41512	45	11	as	as	ADP
cjfa-41512	45	12	contribute	contribute	VERB
cjfa-41512	45	13	to	to	ADP
cjfa-41512	45	14	knowl	knowl	PROPN
cjfa-41512	45	15	n.a	n.a	PROPN
cjfa-41512	45	16	.	.	PROPN
cjfa-41512	45	17	emeka	emeka	PROPN
cjfa-41512	45	18	-	-	PUNCT
cjfa-41512	45	19	nwokeji	nwokeji	PROPN
cjfa-41512	45	20	,	,	PUNCT
cjfa-41512	45	21	e.	e.	PROPN
cjfa-41512	45	22	nangih	nangih	PROPN
cjfa-41512	45	23	,	,	PUNCT
cjfa-41512	45	24	c.o	c.o	PROPN
cjfa-41512	45	25	.	.	PROPN
cjfa-41512	45	26	chiedu	chiedu	PROPN
cjfa-41512	45	27	,	,	PUNCT
cjfa-41512	45	28	e.n	e.n	PROPN
cjfa-41512	45	29	.	.	PROPN
cjfa-41512	45	30	ekwunife3434	ekwunife3434	PROPN
cjfa-41512	45	31	edge	edge	VERB
cjfa-41512	45	32	on	on	ADP
cjfa-41512	45	33	the	the	DET
cjfa-41512	45	34	subject	subject	NOUN
cjfa-41512	45	35	matter	matter	NOUN
cjfa-41512	45	36	.	.	PUNCT
cjfa-41512	46	1	accordingly	accordingly	ADV
cjfa-41512	46	2	,	,	PUNCT
cjfa-41512	46	3	the	the	DET
cjfa-41512	46	4	study	study	NOUN
cjfa-41512	46	5	attempts	attempt	VERB
cjfa-41512	46	6	to	to	PART
cjfa-41512	46	7	provide	provide	VERB
cjfa-41512	46	8	answers	answer	NOUN
cjfa-41512	46	9	to	to	ADP
cjfa-41512	46	10	the	the	DET
cjfa-41512	46	11	following	follow	VERB
cjfa-41512	46	12	research	research	NOUN
cjfa-41512	46	13	questions	question	NOUN
cjfa-41512	46	14	:	:	PUNCT
cjfa-41512	46	15	i.	i.	NOUN
cjfa-41512	46	16	to	to	ADP
cjfa-41512	46	17	what	what	DET
cjfa-41512	46	18	extent	extent	NOUN
cjfa-41512	46	19	does	do	AUX
cjfa-41512	46	20	dividend	dividend	VERB
cjfa-41512	46	21	payout	payout	NOUN
cjfa-41512	46	22	affect	affect	VERB
cjfa-41512	46	23	market	market	NOUN
cjfa-41512	46	24	price	price	NOUN
cjfa-41512	46	25	per	per	ADP
cjfa-41512	46	26	share	share	NOUN
cjfa-41512	46	27	of	of	ADP
cjfa-41512	46	28	firms	firm	NOUN
cjfa-41512	46	29	in	in	ADP
cjfa-41512	46	30	nigeria	nigeria	PROPN
cjfa-41512	46	31	?	?	PUNCT
cjfa-41512	47	1	ii	ii	PROPN
cjfa-41512	47	2	.	.	PUNCT
cjfa-41512	48	1	to	to	ADP
cjfa-41512	48	2	what	what	DET
cjfa-41512	48	3	extent	extent	NOUN
cjfa-41512	48	4	does	do	AUX
cjfa-41512	48	5	dividend	dividend	VERB
cjfa-41512	48	6	yield	yield	NOUN
cjfa-41512	48	7	impact	impact	NOUN
cjfa-41512	48	8	on	on	ADP
cjfa-41512	48	9	market	market	NOUN
cjfa-41512	48	10	price	price	NOUN
cjfa-41512	48	11	per	per	ADP
cjfa-41512	48	12	share	share	NOUN
cjfa-41512	48	13	of	of	ADP
cjfa-41512	48	14	firms	firm	NOUN
cjfa-41512	48	15	in	in	ADP
cjfa-41512	48	16	nigeria	nigeria	PROPN
cjfa-41512	48	17	?	?	PUNCT
cjfa-41512	49	1	iii	iii	X
cjfa-41512	49	2	.	.	PUNCT
cjfa-41512	50	1	to	to	ADP
cjfa-41512	50	2	what	what	DET
cjfa-41512	50	3	extent	extent	NOUN
cjfa-41512	50	4	does	do	AUX
cjfa-41512	50	5	dividend	dividend	VERB
cjfa-41512	50	6	per	per	ADP
cjfa-41512	50	7	share	share	NOUN
cjfa-41512	50	8	affect	affect	VERB
cjfa-41512	50	9	the	the	DET
cjfa-41512	50	10	market	market	NOUN
cjfa-41512	50	11	price	price	NOUN
cjfa-41512	50	12	per	per	ADP
cjfa-41512	50	13	share	share	NOUN
cjfa-41512	50	14	of	of	ADP
cjfa-41512	50	15	listed	list	VERB
cjfa-41512	50	16	firms	firm	NOUN
cjfa-41512	50	17	in	in	ADP
cjfa-41512	50	18	nigeria	nigeria	PROPN
cjfa-41512	50	19	?	?	PUNCT
cjfa-41512	51	1	research	research	NOUN
cjfa-41512	51	2	methodology	methodology	NOUN
cjfa-41512	51	3	and	and	CCONJ
cjfa-41512	51	4	research	research	NOUN
cjfa-41512	51	5	processresearch	processresearch	NOUN
cjfa-41512	51	6	methodology	methodology	NOUN
cjfa-41512	51	7	and	and	CCONJ
cjfa-41512	51	8	research	research	NOUN
cjfa-41512	51	9	process	process	NOUN
cjfa-41512	51	10	this	this	DET
cjfa-41512	51	11	study	study	NOUN
cjfa-41512	51	12	adopts	adopt	VERB
cjfa-41512	51	13	ex	ex	NOUN
cjfa-41512	51	14	-	-	ADJ
cjfa-41512	51	15	post	post	ADJ
cjfa-41512	51	16	facto	facto	X
cjfa-41512	51	17	research	research	NOUN
cjfa-41512	51	18	design	design	NOUN
cjfa-41512	51	19	.	.	PUNCT
cjfa-41512	52	1	the	the	DET
cjfa-41512	52	2	design	design	NOUN
cjfa-41512	52	3	is	be	AUX
cjfa-41512	52	4	adopted	adopt	VERB
cjfa-41512	52	5	because	because	SCONJ
cjfa-41512	52	6	the	the	DET
cjfa-41512	52	7	study	study	NOUN
cjfa-41512	52	8	investigates	investigate	VERB
cjfa-41512	52	9	the	the	DET
cjfa-41512	52	10	independent	independent	ADJ
cjfa-41512	52	11	variable	variable	NOUN
cjfa-41512	52	12	’s	’s	PART
cjfa-41512	52	13	potential	potential	ADJ
cjfa-41512	52	14	effects	effect	NOUN
cjfa-41512	52	15	on	on	ADP
cjfa-41512	52	16	the	the	DET
cjfa-41512	52	17	dependent	dependent	ADJ
cjfa-41512	52	18	variable	variable	NOUN
cjfa-41512	52	19	using	use	VERB
cjfa-41512	52	20	secondary	secondary	ADJ
cjfa-41512	52	21	data	datum	NOUN
cjfa-41512	52	22	.	.	PUNCT
cjfa-41512	53	1	also	also	ADV
cjfa-41512	53	2	since	since	SCONJ
cjfa-41512	53	3	data	datum	NOUN
cjfa-41512	53	4	for	for	ADP
cjfa-41512	53	5	both	both	DET
cjfa-41512	53	6	share	share	NOUN
cjfa-41512	53	7	prices	price	NOUN
cjfa-41512	53	8	and	and	CCONJ
cjfa-41512	53	9	dividend	dividend	NOUN
cjfa-41512	53	10	policies	policy	NOUN
cjfa-41512	53	11	of	of	ADP
cjfa-41512	53	12	firms	firm	NOUN
cjfa-41512	53	13	already	already	ADV
cjfa-41512	53	14	exist	exist	VERB
cjfa-41512	53	15	in	in	ADP
cjfa-41512	53	16	annual	annual	ADJ
cjfa-41512	53	17	reports	report	NOUN
cjfa-41512	53	18	,	,	PUNCT
cjfa-41512	53	19	an	an	DET
cjfa-41512	53	20	ex	ex	X
cjfa-41512	53	21	post	post	X
cjfa-41512	53	22	facto	facto	X
cjfa-41512	53	23	design	design	NOUN
cjfa-41512	53	24	enables	enable	VERB
cjfa-41512	53	25	the	the	DET
cjfa-41512	53	26	researcher	researcher	NOUN
cjfa-41512	53	27	to	to	PART
cjfa-41512	53	28	take	take	VERB
cjfa-41512	53	29	data	datum	NOUN
cjfa-41512	53	30	as	as	ADP
cjfa-41512	53	31	-	-	PUNCT
cjfa-41512	53	32	is	be	AUX
cjfa-41512	53	33	and	and	CCONJ
cjfa-41512	53	34	try	try	VERB
cjfa-41512	53	35	to	to	PART
cjfa-41512	53	36	find	find	VERB
cjfa-41512	53	37	plausible	plausible	ADJ
cjfa-41512	53	38	connections	connection	NOUN
cjfa-41512	53	39	or	or	CCONJ
cjfa-41512	53	40	cause	cause	VERB
cjfa-41512	53	41	-	-	PUNCT
cjfa-41512	53	42	and	and	CCONJ
cjfa-41512	53	43	-	-	PUNCT
cjfa-41512	53	44	effect	effect	NOUN
cjfa-41512	53	45	relationships	relationship	NOUN
cjfa-41512	53	46	.	.	PUNCT
cjfa-41512	54	1	data	datum	NOUN
cjfa-41512	54	2	used	use	VERB
cjfa-41512	54	3	was	be	AUX
cjfa-41512	54	4	gathered	gather	VERB
cjfa-41512	54	5	from	from	ADP
cjfa-41512	54	6	annual	annual	ADJ
cjfa-41512	54	7	reports	report	NOUN
cjfa-41512	54	8	of	of	ADP
cjfa-41512	54	9	non	non	ADJ
cjfa-41512	54	10	-	-	ADJ
cjfa-41512	54	11	financial	financial	ADJ
cjfa-41512	54	12	companies	company	NOUN
cjfa-41512	54	13	listed	list	VERB
cjfa-41512	54	14	on	on	ADP
cjfa-41512	54	15	the	the	DET
cjfa-41512	54	16	nigerian	nigerian	ADJ
cjfa-41512	54	17	stock	stock	NOUN
cjfa-41512	54	18	exchange	exchange	NOUN
cjfa-41512	54	19	.	.	PUNCT
cjfa-41512	55	1	thus	thus	ADV
cjfa-41512	55	2	,	,	PUNCT
cjfa-41512	55	3	thirty	thirty	NUM
cjfa-41512	55	4	-	-	PUNCT
cjfa-41512	55	5	one	one	NUM
cjfa-41512	55	6	non	non	ADJ
cjfa-41512	55	7	-	-	ADJ
cjfa-41512	55	8	financial	financial	ADJ
cjfa-41512	55	9	firms	firm	NOUN
cjfa-41512	55	10	were	be	AUX
cjfa-41512	55	11	selected	select	VERB
cjfa-41512	55	12	based	base	VERB
cjfa-41512	55	13	on	on	ADP
cjfa-41512	55	14	availability	availability	NOUN
cjfa-41512	55	15	of	of	ADP
cjfa-41512	55	16	data	datum	NOUN
cjfa-41512	55	17	for	for	ADP
cjfa-41512	55	18	seven	seven	NUM
cjfa-41512	55	19	years	year	NOUN
cjfa-41512	55	20	’	'	PUNCT
cjfa-41512	55	21	period	period	NOUN
cjfa-41512	55	22	from	from	ADP
cjfa-41512	55	23	2013–2019	2013–2019	NUM
cjfa-41512	55	24	resulting	result	VERB
cjfa-41512	55	25	in	in	ADP
cjfa-41512	55	26	217	217	NUM
cjfa-41512	55	27	firm	firm	ADJ
cjfa-41512	55	28	yearly	yearly	ADJ
cjfa-41512	55	29	observations	observation	NOUN
cjfa-41512	55	30	.	.	PUNCT
cjfa-41512	56	1	the	the	DET
cjfa-41512	56	2	study	study	NOUN
cjfa-41512	56	3	used	use	VERB
cjfa-41512	56	4	both	both	CCONJ
cjfa-41512	56	5	descriptive	descriptive	ADJ
cjfa-41512	56	6	and	and	CCONJ
cjfa-41512	56	7	inferential	inferential	ADJ
cjfa-41512	56	8	statistics	statistic	NOUN
cjfa-41512	56	9	as	as	ADP
cjfa-41512	56	10	tool	tool	NOUN
cjfa-41512	56	11	of	of	ADP
cjfa-41512	56	12	analyses	analysis	NOUN
cjfa-41512	56	13	in	in	ADP
cjfa-41512	56	14	addition	addition	NOUN
cjfa-41512	56	15	to	to	ADP
cjfa-41512	56	16	diagnostics	diagnostic	NOUN
cjfa-41512	56	17	tests	test	NOUN
cjfa-41512	56	18	to	to	PART
cjfa-41512	56	19	describe	describe	VERB
cjfa-41512	56	20	the	the	DET
cjfa-41512	56	21	characteristics	characteristic	NOUN
cjfa-41512	56	22	of	of	ADP
cjfa-41512	56	23	the	the	DET
cjfa-41512	56	24	variables	variable	NOUN
cjfa-41512	56	25	,	,	PUNCT
cjfa-41512	56	26	test	test	VERB
cjfa-41512	56	27	the	the	DET
cjfa-41512	56	28	formulated	formulate	VERB
cjfa-41512	56	29	hypotheses	hypothesis	NOUN
cjfa-41512	56	30	at	at	ADP
cjfa-41512	56	31	.05	.05	NUM
cjfa-41512	56	32	level	level	NOUN
cjfa-41512	56	33	of	of	ADP
cjfa-41512	56	34	significance	significance	NOUN
cjfa-41512	56	35	and	and	CCONJ
cjfa-41512	56	36	confirm	confirm	VERB
cjfa-41512	56	37	regression	regression	NOUN
cjfa-41512	56	38	assumptions	assumption	NOUN
cjfa-41512	56	39	.	.	PUNCT
cjfa-41512	57	1	the	the	DET
cjfa-41512	57	2	analyses	analysis	NOUN
cjfa-41512	57	3	were	be	AUX
cjfa-41512	57	4	performed	perform	VERB
cjfa-41512	57	5	using	use	VERB
cjfa-41512	57	6	the	the	DET
cjfa-41512	57	7	panel	panel	NOUN
cjfa-41512	57	8	regression	regression	NOUN
cjfa-41512	57	9	technique	technique	NOUN
cjfa-41512	57	10	with	with	ADP
cjfa-41512	57	11	hausman	hausman	PROPN
cjfa-41512	57	12	’s	’s	PART
cjfa-41512	57	13	test	test	NOUN
cjfa-41512	57	14	employed	employ	VERB
cjfa-41512	57	15	to	to	PART
cjfa-41512	57	16	determine	determine	VERB
cjfa-41512	57	17	whether	whether	SCONJ
cjfa-41512	57	18	fixed	fix	VERB
cjfa-41512	57	19	effect	effect	NOUN
cjfa-41512	57	20	(	(	PUNCT
cjfa-41512	57	21	fe	fe	NOUN
cjfa-41512	57	22	)	)	PUNCT
cjfa-41512	57	23	or	or	CCONJ
cjfa-41512	57	24	random	random	ADJ
cjfa-41512	57	25	effect	effect	NOUN
cjfa-41512	57	26	(	(	PUNCT
cjfa-41512	57	27	re	re	NOUN
cjfa-41512	57	28	)	)	PUNCT
cjfa-41512	57	29	analytical	analytical	ADJ
cjfa-41512	57	30	procedures	procedure	NOUN
cjfa-41512	57	31	is	be	AUX
cjfa-41512	57	32	most	most	ADV
cjfa-41512	57	33	appropriate	appropriate	ADJ
cjfa-41512	57	34	.	.	PUNCT
cjfa-41512	58	1	market	market	NOUN
cjfa-41512	58	2	price	price	NOUN
cjfa-41512	58	3	per	per	ADP
cjfa-41512	58	4	share	share	NOUN
cjfa-41512	58	5	(	(	PUNCT
cjfa-41512	58	6	mps	mps	PROPN
cjfa-41512	58	7	)	)	PUNCT
cjfa-41512	58	8	was	be	AUX
cjfa-41512	58	9	used	use	VERB
cjfa-41512	58	10	to	to	PART
cjfa-41512	58	11	measure	measure	VERB
cjfa-41512	58	12	share	share	NOUN
cjfa-41512	58	13	prices	price	NOUN
cjfa-41512	58	14	which	which	PRON
cjfa-41512	58	15	is	be	AUX
cjfa-41512	58	16	the	the	DET
cjfa-41512	58	17	dependent	dependent	ADJ
cjfa-41512	58	18	variable	variable	NOUN
cjfa-41512	58	19	of	of	ADP
cjfa-41512	58	20	the	the	DET
cjfa-41512	58	21	study	study	NOUN
cjfa-41512	58	22	.	.	PUNCT
cjfa-41512	59	1	this	this	PRON
cjfa-41512	59	2	represent	represent	VERB
cjfa-41512	59	3	closing	closing	NOUN
cjfa-41512	59	4	share	share	NOUN
cjfa-41512	59	5	price	price	NOUN
cjfa-41512	59	6	as	as	ADP
cjfa-41512	59	7	of	of	ADP
cjfa-41512	59	8	31st	31st	ADJ
cjfa-41512	59	9	december	december	NOUN
cjfa-41512	59	10	for	for	ADP
cjfa-41512	59	11	the	the	DET
cjfa-41512	59	12	years	year	NOUN
cjfa-41512	59	13	.	.	PUNCT
cjfa-41512	60	1	dividend	dividend	NOUN
cjfa-41512	60	2	policy	policy	NOUN
cjfa-41512	60	3	which	which	PRON
cjfa-41512	60	4	is	be	AUX
cjfa-41512	60	5	the	the	DET
cjfa-41512	60	6	independent	independent	ADJ
cjfa-41512	60	7	variable	variable	ADJ
cjfa-41512	60	8	measures	measure	VERB
cjfa-41512	60	9	the	the	DET
cjfa-41512	60	10	proportion	proportion	NOUN
cjfa-41512	60	11	of	of	ADP
cjfa-41512	60	12	cash	cash	NOUN
cjfa-41512	60	13	dividend	dividend	NOUN
cjfa-41512	60	14	a	a	DET
cjfa-41512	60	15	company	company	NOUN
cjfa-41512	60	16	pays	pay	VERB
cjfa-41512	60	17	to	to	ADP
cjfa-41512	60	18	its	its	PRON
cjfa-41512	60	19	ordinary	ordinary	ADJ
cjfa-41512	60	20	shareholders	shareholder	NOUN
cjfa-41512	60	21	.	.	PUNCT
cjfa-41512	61	1	dividend	dividend	NOUN
cjfa-41512	61	2	policy	policy	NOUN
cjfa-41512	61	3	are	be	AUX
cjfa-41512	61	4	proxies	proxy	NOUN
cjfa-41512	61	5	as	as	ADP
cjfa-41512	61	6	:	:	PUNCT
cjfa-41512	61	7	dividend	dividend	NOUN
cjfa-41512	61	8	payout	payout	NOUN
cjfa-41512	61	9	=	=	SYM
cjfa-41512	61	10	(	(	PUNCT
cjfa-41512	61	11	div_pout	div_pout	NOUN
cjfa-41512	61	12	ratio	ratio	NOUN
cjfa-41512	61	13	)	)	PUNCT
cjfa-41512	61	14	is	be	AUX
cjfa-41512	61	15	computed	compute	VERB
cjfa-41512	61	16	as	as	ADP
cjfa-41512	61	17	cash	cash	NOUN
cjfa-41512	61	18	dividend	dividend	NOUN
cjfa-41512	61	19	paid	pay	VERB
cjfa-41512	61	20	divided	divide	VERB
cjfa-41512	61	21	by	by	ADP
cjfa-41512	61	22	profit	profit	NOUN
cjfa-41512	61	23	after	after	ADP
cjfa-41512	61	24	taxes	taxis	NOUN
cjfa-41512	61	25	;	;	PUNCT
cjfa-41512	61	26	dividend	dividend	NOUN
cjfa-41512	61	27	yield	yield	NOUN
cjfa-41512	61	28	=	=	SYM
cjfa-41512	61	29	(	(	PUNCT
cjfa-41512	61	30	div_yild	div_yild	NOUN
cjfa-41512	61	31	)	)	PUNCT
cjfa-41512	61	32	cash	cash	NOUN
cjfa-41512	61	33	dividend	dividend	NOUN
cjfa-41512	61	34	yield	yield	NOUN
cjfa-41512	61	35	in	in	ADP
cjfa-41512	61	36	percentage	percentage	NOUN
cjfa-41512	61	37	computed	compute	VERB
cjfa-41512	61	38	as	as	ADP
cjfa-41512	61	39	cash	cash	NOUN
cjfa-41512	61	40	dividend	dividend	NOUN
cjfa-41512	61	41	paid	pay	VERB
cjfa-41512	61	42	divided	divide	VERB
cjfa-41512	61	43	by	by	ADP
cjfa-41512	61	44	market	market	NOUN
cjfa-41512	61	45	capitalization	capitalization	NOUN
cjfa-41512	61	46	and	and	CCONJ
cjfa-41512	61	47	dividend	dividend	NOUN
cjfa-41512	61	48	per	per	ADP
cjfa-41512	61	49	share	share	NOUN
cjfa-41512	61	50	=	=	SYM
cjfa-41512	61	51	(	(	PUNCT
cjfa-41512	61	52	dps	dps	NOUN
cjfa-41512	61	53	)	)	PUNCT
cjfa-41512	61	54	computed	compute	VERB
cjfa-41512	61	55	as	as	ADP
cjfa-41512	61	56	cash	cash	NOUN
cjfa-41512	61	57	dividend	dividend	NOUN
cjfa-41512	61	58	paid	pay	VERB
cjfa-41512	61	59	divided	divide	VERB
cjfa-41512	61	60	by	by	ADP
cjfa-41512	61	61	outstanding	outstanding	ADJ
cjfa-41512	61	62	shares	share	NOUN
cjfa-41512	61	63	.	.	PUNCT
cjfa-41512	62	1	firm	firm	ADJ
cjfa-41512	62	2	size	size	NOUN
cjfa-41512	62	3	=	=	SYM
cjfa-41512	62	4	(	(	PUNCT
cjfa-41512	62	5	fsiz	fsiz	NOUN
cjfa-41512	62	6	)	)	PUNCT
cjfa-41512	62	7	size	size	NOUN
cjfa-41512	62	8	reaction	reaction	NOUN
cjfa-41512	62	9	of	of	ADP
cjfa-41512	62	10	share	share	NOUN
cjfa-41512	62	11	prices	price	NOUN
cjfa-41512	62	12	to	to	PART
cjfa-41512	62	13	dividend	dividend	VERB
cjfa-41512	62	14	policy	policy	NOUN
cjfa-41512	62	15	…	…	PUNCT
cjfa-41512	62	16	3535	3535	NUM
cjfa-41512	62	17	measured	measure	VERB
cjfa-41512	62	18	as	as	ADP
cjfa-41512	62	19	natural	natural	ADJ
cjfa-41512	62	20	logarithm	logarithm	NOUN
cjfa-41512	62	21	of	of	ADP
cjfa-41512	62	22	total	total	ADJ
cjfa-41512	62	23	assets	asset	NOUN
cjfa-41512	62	24	and	and	CCONJ
cjfa-41512	62	25	firm	firm	ADJ
cjfa-41512	62	26	age	age	NOUN
cjfa-41512	62	27	=	=	SYM
cjfa-41512	62	28	(	(	PUNCT
cjfa-41512	62	29	firm_ag	firm_ag	PROPN
cjfa-41512	62	30	)	)	PUNCT
cjfa-41512	62	31	which	which	PRON
cjfa-41512	62	32	is	be	AUX
cjfa-41512	62	33	number	number	NOUN
cjfa-41512	62	34	of	of	ADP
cjfa-41512	62	35	years	year	NOUN
cjfa-41512	62	36	listed	list	VERB
cjfa-41512	62	37	on	on	ADP
cjfa-41512	62	38	the	the	DET
cjfa-41512	62	39	nigerian	nigerian	ADJ
cjfa-41512	62	40	stock	stock	NOUN
cjfa-41512	62	41	exchange	exchange	NOUN
cjfa-41512	62	42	are	be	AUX
cjfa-41512	62	43	control	control	NOUN
cjfa-41512	62	44	variables	variable	NOUN
cjfa-41512	62	45	employed	employ	VERB
cjfa-41512	62	46	in	in	ADP
cjfa-41512	62	47	the	the	DET
cjfa-41512	62	48	study	study	NOUN
cjfa-41512	62	49	.	.	PUNCT
cjfa-41512	63	1	conceptual	conceptual	ADJ
cjfa-41512	63	2	,	,	PUNCT
cjfa-41512	63	3	theoretical	theoretical	ADJ
cjfa-41512	63	4	and	and	CCONJ
cjfa-41512	63	5	empirical	empirical	ADJ
cjfa-41512	63	6	reviewconceptual	reviewconceptual	ADJ
cjfa-41512	63	7	,	,	PUNCT
cjfa-41512	63	8	theoretical	theoretical	ADJ
cjfa-41512	63	9	and	and	CCONJ
cjfa-41512	63	10	empirical	empirical	ADJ
cjfa-41512	63	11	review	review	NOUN
cjfa-41512	63	12	share	share	NOUN
cjfa-41512	63	13	price	price	NOUN
cjfa-41512	63	14	share	share	NOUN
cjfa-41512	63	15	price	price	NOUN
cjfa-41512	63	16	share	share	NOUN
cjfa-41512	63	17	price	price	NOUN
cjfa-41512	63	18	means	mean	VERB
cjfa-41512	63	19	the	the	DET
cjfa-41512	63	20	market	market	NOUN
cjfa-41512	63	21	price	price	NOUN
cjfa-41512	63	22	of	of	ADP
cjfa-41512	63	23	a	a	DET
cjfa-41512	63	24	company	company	NOUN
cjfa-41512	63	25	’s	’s	PART
cjfa-41512	63	26	share	share	NOUN
cjfa-41512	63	27	,	,	PUNCT
cjfa-41512	63	28	be	be	AUX
cjfa-41512	63	29	it	it	PRON
cjfa-41512	63	30	a	a	DET
cjfa-41512	63	31	public	public	NOUN
cjfa-41512	63	32	(	(	PUNCT
cjfa-41512	63	33	or	or	CCONJ
cjfa-41512	63	34	private	private	ADJ
cjfa-41512	63	35	)	)	PUNCT
cjfa-41512	63	36	company	company	NOUN
cjfa-41512	63	37	.	.	PUNCT
cjfa-41512	64	1	it	it	PRON
cjfa-41512	64	2	is	be	AUX
cjfa-41512	64	3	the	the	DET
cjfa-41512	64	4	market	market	NOUN
cjfa-41512	64	5	value	value	NOUN
cjfa-41512	64	6	per	per	ADP
cjfa-41512	64	7	share	share	NOUN
cjfa-41512	64	8	at	at	ADP
cjfa-41512	64	9	which	which	PRON
cjfa-41512	64	10	a	a	DET
cjfa-41512	64	11	company	company	NOUN
cjfa-41512	64	12	’s	’s	PART
cjfa-41512	64	13	share	share	NOUN
cjfa-41512	64	14	is	be	AUX
cjfa-41512	64	15	currently	currently	ADV
cjfa-41512	64	16	traded	trade	VERB
cjfa-41512	64	17	on	on	ADP
cjfa-41512	64	18	the	the	DET
cjfa-41512	64	19	floor	floor	NOUN
cjfa-41512	64	20	of	of	ADP
cjfa-41512	64	21	a	a	DET
cjfa-41512	64	22	stock	stock	NOUN
cjfa-41512	64	23	exchange	exchange	NOUN
cjfa-41512	64	24	.	.	PUNCT
cjfa-41512	65	1	it	it	PRON
cjfa-41512	65	2	means	mean	VERB
cjfa-41512	65	3	the	the	DET
cjfa-41512	65	4	price	price	NOUN
cjfa-41512	65	5	at	at	ADP
cjfa-41512	65	6	which	which	PRON
cjfa-41512	65	7	a	a	DET
cjfa-41512	65	8	company	company	NOUN
cjfa-41512	65	9	share	share	NOUN
cjfa-41512	65	10	can	can	AUX
cjfa-41512	65	11	be	be	AUX
cjfa-41512	65	12	purchased	purchase	VERB
cjfa-41512	65	13	and	and	CCONJ
cjfa-41512	65	14	sold	sell	VERB
cjfa-41512	65	15	in	in	ADP
cjfa-41512	65	16	an	an	DET
cjfa-41512	65	17	arm	arm	NOUN
cjfa-41512	65	18	’s	’s	PART
cjfa-41512	65	19	length	length	NOUN
cjfa-41512	65	20	transaction	transaction	NOUN
cjfa-41512	65	21	.	.	PUNCT
cjfa-41512	66	1	several	several	ADJ
cjfa-41512	66	2	factors	factor	NOUN
cjfa-41512	66	3	can	can	AUX
cjfa-41512	66	4	influence	influence	VERB
cjfa-41512	66	5	market	market	NOUN
cjfa-41512	66	6	value	value	NOUN
cjfa-41512	66	7	per	per	ADP
cjfa-41512	66	8	share	share	NOUN
cjfa-41512	66	9	,	,	PUNCT
cjfa-41512	66	10	including	include	VERB
cjfa-41512	66	11	the	the	DET
cjfa-41512	66	12	firm	firm	NOUN
cjfa-41512	66	13	’s	’s	PART
cjfa-41512	66	14	financial	financial	ADJ
cjfa-41512	66	15	performance	performance	NOUN
cjfa-41512	66	16	,	,	PUNCT
cjfa-41512	66	17	the	the	DET
cjfa-41512	66	18	outlook	outlook	NOUN
cjfa-41512	66	19	of	of	ADP
cjfa-41512	66	20	the	the	DET
cjfa-41512	66	21	industry	industry	NOUN
cjfa-41512	66	22	or	or	CCONJ
cjfa-41512	66	23	sector	sector	NOUN
cjfa-41512	66	24	to	to	PART
cjfa-41512	66	25	which	which	PRON
cjfa-41512	66	26	the	the	DET
cjfa-41512	66	27	company	company	NOUN
cjfa-41512	66	28	belongs	belong	VERB
cjfa-41512	66	29	,	,	PUNCT
cjfa-41512	66	30	market	market	NOUN
cjfa-41512	66	31	demand	demand	NOUN
cjfa-41512	66	32	and	and	CCONJ
cjfa-41512	66	33	supply	supply	NOUN
cjfa-41512	66	34	conditions	condition	NOUN
cjfa-41512	66	35	,	,	PUNCT
cjfa-41512	66	36	investor	investor	NOUN
cjfa-41512	66	37	attitude	attitude	NOUN
cjfa-41512	66	38	,	,	PUNCT
cjfa-41512	66	39	and	and	CCONJ
cjfa-41512	66	40	a	a	DET
cjfa-41512	66	41	range	range	NOUN
cjfa-41512	66	42	of	of	ADP
cjfa-41512	66	43	other	other	ADJ
cjfa-41512	66	44	macroeconomic	macroeconomic	ADJ
cjfa-41512	66	45	conditions	condition	NOUN
cjfa-41512	66	46	.	.	PUNCT
cjfa-41512	67	1	dividend	dividend	NOUN
cjfa-41512	67	2	policy	policy	NOUN
cjfa-41512	67	3	and	and	CCONJ
cjfa-41512	67	4	dimensionsdividend	dimensionsdividend	NOUN
cjfa-41512	67	5	policy	policy	NOUN
cjfa-41512	67	6	and	and	CCONJ
cjfa-41512	67	7	dimensions	dimension	NOUN
cjfa-41512	67	8	the	the	DET
cjfa-41512	67	9	policy	policy	NOUN
cjfa-41512	67	10	a	a	DET
cjfa-41512	67	11	corporation	corporation	NOUN
cjfa-41512	67	12	takes	take	VERB
cjfa-41512	67	13	to	to	PART
cjfa-41512	67	14	achieve	achieve	VERB
cjfa-41512	67	15	or	or	CCONJ
cjfa-41512	67	16	organize	organize	VERB
cjfa-41512	67	17	its	its	PRON
cjfa-41512	67	18	dividend	dividend	NOUN
cjfa-41512	67	19	pay	pay	NOUN
cjfa-41512	67	20	-	-	PUNCT
cjfa-41512	67	21	out	out	NOUN
cjfa-41512	67	22	to	to	ADP
cjfa-41512	67	23	shareholders	shareholder	NOUN
cjfa-41512	67	24	is	be	AUX
cjfa-41512	67	25	known	know	VERB
cjfa-41512	67	26	as	as	ADP
cjfa-41512	67	27	dividend	dividend	NOUN
cjfa-41512	67	28	policy	policy	NOUN
cjfa-41512	67	29	.	.	PUNCT
cjfa-41512	68	1	it	it	PRON
cjfa-41512	68	2	is	be	AUX
cjfa-41512	68	3	a	a	DET
cjfa-41512	68	4	financial	financial	ADJ
cjfa-41512	68	5	choice	choice	NOUN
cjfa-41512	68	6	made	make	VERB
cjfa-41512	68	7	by	by	ADP
cjfa-41512	68	8	a	a	DET
cjfa-41512	68	9	company	company	NOUN
cjfa-41512	68	10	to	to	PART
cjfa-41512	68	11	pay	pay	VERB
cjfa-41512	68	12	out	out	ADP
cjfa-41512	68	13	a	a	DET
cjfa-41512	68	14	certain	certain	ADJ
cjfa-41512	68	15	percentage	percentage	NOUN
cjfa-41512	68	16	of	of	ADP
cjfa-41512	68	17	its	its	PRON
cjfa-41512	68	18	earnings	earning	NOUN
cjfa-41512	68	19	to	to	ADP
cjfa-41512	68	20	its	its	PRON
cjfa-41512	68	21	shareholders	shareholder	NOUN
cjfa-41512	68	22	.	.	PUNCT
cjfa-41512	69	1	the	the	DET
cjfa-41512	69	2	board	board	NOUN
cjfa-41512	69	3	of	of	ADP
cjfa-41512	69	4	directors	director	NOUN
cjfa-41512	69	5	decides	decide	VERB
cjfa-41512	69	6	how	how	SCONJ
cjfa-41512	69	7	much	much	ADJ
cjfa-41512	69	8	of	of	ADP
cjfa-41512	69	9	the	the	DET
cjfa-41512	69	10	company	company	NOUN
cjfa-41512	69	11	’s	’s	PART
cjfa-41512	69	12	earnings	earning	NOUN
cjfa-41512	69	13	should	should	AUX
cjfa-41512	69	14	be	be	AUX
cjfa-41512	69	15	given	give	VERB
cjfa-41512	69	16	as	as	ADP
cjfa-41512	69	17	dividends	dividend	NOUN
cjfa-41512	69	18	to	to	ADP
cjfa-41512	69	19	shareholders	shareholder	NOUN
cjfa-41512	69	20	and	and	CCONJ
cjfa-41512	69	21	how	how	SCONJ
cjfa-41512	69	22	much	much	ADJ
cjfa-41512	69	23	should	should	AUX
cjfa-41512	69	24	be	be	AUX
cjfa-41512	69	25	kept	keep	VERB
cjfa-41512	69	26	for	for	ADP
cjfa-41512	69	27	expansion	expansion	NOUN
cjfa-41512	69	28	and	and	CCONJ
cjfa-41512	69	29	growth	growth	NOUN
cjfa-41512	69	30	.	.	PUNCT
cjfa-41512	70	1	this	this	PRON
cjfa-41512	70	2	is	be	AUX
cjfa-41512	70	3	critical	critical	ADJ
cjfa-41512	70	4	since	since	SCONJ
cjfa-41512	70	5	it	it	PRON
cjfa-41512	70	6	defines	define	VERB
cjfa-41512	70	7	the	the	DET
cjfa-41512	70	8	amount	amount	NOUN
cjfa-41512	70	9	of	of	ADP
cjfa-41512	70	10	dividends	dividend	NOUN
cjfa-41512	70	11	to	to	PART
cjfa-41512	70	12	be	be	AUX
cjfa-41512	70	13	paid	pay	VERB
cjfa-41512	70	14	,	,	PUNCT
cjfa-41512	70	15	when	when	SCONJ
cjfa-41512	70	16	they	they	PRON
cjfa-41512	70	17	should	should	AUX
cjfa-41512	70	18	be	be	AUX
cjfa-41512	70	19	paid	pay	VERB
cjfa-41512	70	20	,	,	PUNCT
cjfa-41512	70	21	and	and	CCONJ
cjfa-41512	70	22	how	how	SCONJ
cjfa-41512	70	23	they	they	PRON
cjfa-41512	70	24	should	should	AUX
cjfa-41512	70	25	be	be	AUX
cjfa-41512	70	26	paid	pay	VERB
cjfa-41512	70	27	.	.	PUNCT
cjfa-41512	71	1	according	accord	VERB
cjfa-41512	71	2	to	to	ADP
cjfa-41512	71	3	booth	booth	NOUN
cjfa-41512	71	4	and	and	CCONJ
cjfa-41512	71	5	cleary	cleary	PROPN
cjfa-41512	71	6	(	(	PUNCT
cjfa-41512	71	7	2010	2010	NUM
cjfa-41512	71	8	)	)	PUNCT
cjfa-41512	71	9	,	,	PUNCT
cjfa-41512	71	10	a	a	DET
cjfa-41512	71	11	dividend	dividend	NOUN
cjfa-41512	71	12	policy	policy	NOUN
cjfa-41512	71	13	is	be	AUX
cjfa-41512	71	14	a	a	DET
cjfa-41512	71	15	set	set	NOUN
cjfa-41512	71	16	of	of	ADP
cjfa-41512	71	17	guidelines	guideline	NOUN
cjfa-41512	71	18	established	establish	VERB
cjfa-41512	71	19	by	by	ADP
cjfa-41512	71	20	management	management	NOUN
cjfa-41512	71	21	to	to	PART
cjfa-41512	71	22	help	help	VERB
cjfa-41512	71	23	them	they	PRON
cjfa-41512	71	24	decide	decide	VERB
cjfa-41512	71	25	how	how	SCONJ
cjfa-41512	71	26	much	much	ADJ
cjfa-41512	71	27	of	of	ADP
cjfa-41512	71	28	their	their	PRON
cjfa-41512	71	29	revenues	revenue	NOUN
cjfa-41512	71	30	should	should	AUX
cjfa-41512	71	31	be	be	AUX
cjfa-41512	71	32	distributed	distribute	VERB
cjfa-41512	71	33	and	and	CCONJ
cjfa-41512	71	34	how	how	SCONJ
cjfa-41512	71	35	much	much	ADJ
cjfa-41512	71	36	should	should	AUX
cjfa-41512	71	37	be	be	AUX
cjfa-41512	71	38	kept	keep	VERB
cjfa-41512	71	39	in	in	ADP
cjfa-41512	71	40	the	the	DET
cjfa-41512	71	41	firm	firm	NOUN
cjfa-41512	71	42	for	for	ADP
cjfa-41512	71	43	investment	investment	NOUN
cjfa-41512	71	44	purposes	purpose	NOUN
cjfa-41512	71	45	.	.	PUNCT
cjfa-41512	72	1	this	this	DET
cjfa-41512	72	2	study	study	NOUN
cjfa-41512	72	3	uses	use	VERB
cjfa-41512	72	4	the	the	DET
cjfa-41512	72	5	dividend	dividend	NOUN
cjfa-41512	72	6	pay	pay	VERB
cjfa-41512	72	7	-	-	PUNCT
cjfa-41512	72	8	out	out	NOUN
cjfa-41512	72	9	,	,	PUNCT
cjfa-41512	72	10	dividend	dividend	NOUN
cjfa-41512	72	11	yield	yield	NOUN
cjfa-41512	72	12	and	and	CCONJ
cjfa-41512	72	13	dividend	dividend	NOUN
cjfa-41512	72	14	per	per	ADP
cjfa-41512	72	15	share	share	NOUN
cjfa-41512	72	16	as	as	ADP
cjfa-41512	72	17	dimensions	dimension	NOUN
cjfa-41512	72	18	of	of	ADP
cjfa-41512	72	19	dividend	dividend	NOUN
cjfa-41512	72	20	policy	policy	NOUN
cjfa-41512	72	21	and	and	CCONJ
cjfa-41512	72	22	are	be	AUX
cjfa-41512	72	23	discussed	discuss	VERB
cjfa-41512	72	24	below	below	ADV
cjfa-41512	72	25	:	:	PUNCT
cjfa-41512	72	26	i.	i.	PROPN
cjfa-41512	72	27	dividend	dividend	PROPN
cjfa-41512	72	28	payout	payout	ADJ
cjfa-41512	72	29	dividend	dividend	NOUN
cjfa-41512	72	30	-	-	PUNCT
cjfa-41512	72	31	payout	payout	NOUN
cjfa-41512	72	32	ratio	ratio	NOUN
cjfa-41512	72	33	is	be	AUX
cjfa-41512	72	34	a	a	DET
cjfa-41512	72	35	way	way	NOUN
cjfa-41512	72	36	of	of	ADP
cjfa-41512	72	37	measuring	measure	VERB
cjfa-41512	72	38	the	the	DET
cjfa-41512	72	39	fraction	fraction	NOUN
cjfa-41512	72	40	of	of	ADP
cjfa-41512	72	41	a	a	DET
cjfa-41512	72	42	company	company	NOUN
cjfa-41512	72	43	’s	’s	PART
cjfa-41512	72	44	earnings	earning	NOUN
cjfa-41512	72	45	that	that	PRON
cjfa-41512	72	46	are	be	AUX
cjfa-41512	72	47	paid	pay	VERB
cjfa-41512	72	48	to	to	ADP
cjfa-41512	72	49	investors	investor	NOUN
cjfa-41512	72	50	in	in	ADP
cjfa-41512	72	51	the	the	DET
cjfa-41512	72	52	form	form	NOUN
cjfa-41512	72	53	of	of	ADP
cjfa-41512	72	54	dividends	dividend	NOUN
cjfa-41512	72	55	rather	rather	ADV
cjfa-41512	72	56	than	than	ADP
cjfa-41512	72	57	being	be	AUX
cjfa-41512	72	58	re	re	VERB
cjfa-41512	72	59	-	-	VERB
cjfa-41512	72	60	invested	invest	VERB
cjfa-41512	72	61	in	in	ADP
cjfa-41512	72	62	the	the	DET
cjfa-41512	72	63	company	company	NOUN
cjfa-41512	72	64	in	in	ADP
cjfa-41512	72	65	a	a	DET
cjfa-41512	72	66	given	give	VERB
cjfa-41512	72	67	time	time	NOUN
cjfa-41512	72	68	period	period	NOUN
cjfa-41512	72	69	(	(	PUNCT
cjfa-41512	72	70	usually	usually	ADV
cjfa-41512	72	71	n.a	n.a	PROPN
cjfa-41512	72	72	.	.	PROPN
cjfa-41512	72	73	emeka	emeka	PROPN
cjfa-41512	72	74	-	-	PUNCT
cjfa-41512	72	75	nwokeji	nwokeji	PROPN
cjfa-41512	72	76	,	,	PUNCT
cjfa-41512	72	77	e.	e.	PROPN
cjfa-41512	72	78	nangih	nangih	PROPN
cjfa-41512	72	79	,	,	PUNCT
cjfa-41512	72	80	c.o	c.o	PROPN
cjfa-41512	72	81	.	.	PROPN
cjfa-41512	72	82	chiedu	chiedu	PROPN
cjfa-41512	72	83	,	,	PUNCT
cjfa-41512	72	84	e.n	e.n	PROPN
cjfa-41512	72	85	.	.	PROPN
cjfa-41512	72	86	ekwunife3636	ekwunife3636	PROPN
cjfa-41512	72	87	one	one	NUM
cjfa-41512	72	88	year	year	NOUN
cjfa-41512	72	89	)	)	PUNCT
cjfa-41512	72	90	.	.	PUNCT
cjfa-41512	73	1	it	it	PRON
cjfa-41512	73	2	is	be	AUX
cjfa-41512	73	3	a	a	DET
cjfa-41512	73	4	proportion	proportion	NOUN
cjfa-41512	73	5	of	of	ADP
cjfa-41512	73	6	a	a	DET
cjfa-41512	73	7	company	company	NOUN
cjfa-41512	73	8	’s	’s	PART
cjfa-41512	73	9	earnings	earning	NOUN
cjfa-41512	73	10	that	that	PRON
cjfa-41512	73	11	is	be	AUX
cjfa-41512	73	12	paid	pay	VERB
cjfa-41512	73	13	to	to	ADP
cjfa-41512	73	14	the	the	DET
cjfa-41512	73	15	shareholders	shareholder	NOUN
cjfa-41512	73	16	.	.	PUNCT
cjfa-41512	74	1	according	accord	VERB
cjfa-41512	74	2	to	to	ADP
cjfa-41512	74	3	ubesie	ubesie	NOUN
cjfa-41512	74	4	,	,	PUNCT
cjfa-41512	74	5	emejulu	emejulu	VERB
cjfa-41512	74	6	and	and	CCONJ
cjfa-41512	74	7	iyidiobi	iyidiobi	NOUN
cjfa-41512	74	8	(	(	PUNCT
cjfa-41512	74	9	2020	2020	NUM
cjfa-41512	74	10	)	)	PUNCT
cjfa-41512	74	11	,	,	PUNCT
cjfa-41512	74	12	the	the	DET
cjfa-41512	74	13	dividend	dividend	NOUN
cjfa-41512	74	14	payout	payout	NOUN
cjfa-41512	74	15	ratio	ratio	NOUN
cjfa-41512	74	16	shows	show	VERB
cjfa-41512	74	17	the	the	DET
cjfa-41512	74	18	percentage	percentage	NOUN
cjfa-41512	74	19	of	of	ADP
cjfa-41512	74	20	dividends	dividend	NOUN
cjfa-41512	74	21	an	an	DET
cjfa-41512	74	22	organization	organization	NOUN
cjfa-41512	74	23	pays	pay	VERB
cjfa-41512	74	24	out	out	ADP
cjfa-41512	74	25	to	to	ADP
cjfa-41512	74	26	its	its	PRON
cjfa-41512	74	27	shareholders	shareholder	NOUN
cjfa-41512	74	28	relative	relative	ADJ
cjfa-41512	74	29	to	to	ADP
cjfa-41512	74	30	its	its	PRON
cjfa-41512	74	31	earnings	earning	NOUN
cjfa-41512	74	32	per	per	ADP
cjfa-41512	74	33	share	share	NOUN
cjfa-41512	74	34	.	.	PUNCT
cjfa-41512	75	1	they	they	PRON
cjfa-41512	75	2	further	far	ADV
cjfa-41512	75	3	opined	opine	VERB
cjfa-41512	75	4	that	that	SCONJ
cjfa-41512	75	5	the	the	DET
cjfa-41512	75	6	payout	payout	NOUN
cjfa-41512	75	7	ratio	ratio	NOUN
cjfa-41512	75	8	is	be	AUX
cjfa-41512	75	9	used	use	VERB
cjfa-41512	75	10	mainly	mainly	ADV
cjfa-41512	75	11	to	to	PART
cjfa-41512	75	12	determine	determine	VERB
cjfa-41512	75	13	the	the	DET
cjfa-41512	75	14	capability	capability	NOUN
cjfa-41512	75	15	of	of	ADP
cjfa-41512	75	16	the	the	DET
cjfa-41512	75	17	company	company	NOUN
cjfa-41512	75	18	to	to	PART
cjfa-41512	75	19	continually	continually	ADV
cjfa-41512	75	20	pay	pay	VERB
cjfa-41512	75	21	dividends	dividend	NOUN
cjfa-41512	75	22	to	to	ADP
cjfa-41512	75	23	its	its	PRON
cjfa-41512	75	24	shareholders	shareholder	NOUN
cjfa-41512	75	25	on	on	ADP
cjfa-41512	75	26	a	a	DET
cjfa-41512	75	27	consistent	consistent	ADJ
cjfa-41512	75	28	basis	basis	NOUN
cjfa-41512	75	29	.	.	PUNCT
cjfa-41512	76	1	ii	ii	X
cjfa-41512	76	2	.	.	PUNCT
cjfa-41512	76	3	dividend	dividend	NOUN
cjfa-41512	76	4	yield	yield	NOUN
cjfa-41512	76	5	dividend	dividend	NOUN
cjfa-41512	76	6	yield	yield	NOUN
cjfa-41512	76	7	can	can	AUX
cjfa-41512	76	8	be	be	AUX
cjfa-41512	76	9	described	describe	VERB
cjfa-41512	76	10	as	as	ADP
cjfa-41512	76	11	the	the	DET
cjfa-41512	76	12	annual	annual	ADJ
cjfa-41512	76	13	dividend	dividend	NOUN
cjfa-41512	76	14	paid	pay	VERB
cjfa-41512	76	15	per	per	ADP
cjfa-41512	76	16	share	share	NOUN
cjfa-41512	76	17	divided	divide	VERB
cjfa-41512	76	18	by	by	ADP
cjfa-41512	76	19	market	market	NOUN
cjfa-41512	76	20	price	price	NOUN
cjfa-41512	76	21	per	per	ADP
cjfa-41512	76	22	share	share	NOUN
cjfa-41512	76	23	.	.	PUNCT
cjfa-41512	77	1	labhane	labhane	PROPN
cjfa-41512	77	2	and	and	CCONJ
cjfa-41512	77	3	das	das	PROPN
cjfa-41512	77	4	(	(	PUNCT
cjfa-41512	77	5	2015	2015	NUM
cjfa-41512	77	6	)	)	PUNCT
cjfa-41512	77	7	describe	describe	VERB
cjfa-41512	77	8	dividend	dividend	NOUN
cjfa-41512	77	9	yield	yield	NOUN
cjfa-41512	77	10	as	as	ADP
cjfa-41512	77	11	the	the	DET
cjfa-41512	77	12	annual	annual	ADJ
cjfa-41512	77	13	dividend	dividend	NOUN
cjfa-41512	77	14	paid	pay	VERB
cjfa-41512	77	15	per	per	ADP
cjfa-41512	77	16	share	share	NOUN
cjfa-41512	77	17	divided	divide	VERB
cjfa-41512	77	18	by	by	ADP
cjfa-41512	77	19	market	market	NOUN
cjfa-41512	77	20	price	price	NOUN
cjfa-41512	77	21	per	per	ADP
cjfa-41512	77	22	share	share	NOUN
cjfa-41512	77	23	.	.	PUNCT
cjfa-41512	78	1	generally	generally	ADV
cjfa-41512	78	2	,	,	PUNCT
cjfa-41512	78	3	investors	investor	NOUN
cjfa-41512	78	4	mostly	mostly	ADV
cjfa-41512	78	5	see	see	VERB
cjfa-41512	78	6	companies	company	NOUN
cjfa-41512	78	7	that	that	PRON
cjfa-41512	78	8	pay	pay	VERB
cjfa-41512	78	9	dividends	dividend	NOUN
cjfa-41512	78	10	consistently	consistently	ADV
cjfa-41512	78	11	over	over	ADP
cjfa-41512	78	12	a	a	DET
cjfa-41512	78	13	period	period	NOUN
cjfa-41512	78	14	of	of	ADP
cjfa-41512	78	15	time	time	NOUN
cjfa-41512	78	16	as	as	ADP
cjfa-41512	78	17	better	well	ADJ
cjfa-41512	78	18	investments	investment	NOUN
cjfa-41512	78	19	.	.	PUNCT
cjfa-41512	79	1	thus	thus	ADV
cjfa-41512	79	2	,	,	PUNCT
cjfa-41512	79	3	should	should	AUX
cjfa-41512	79	4	events	event	NOUN
cjfa-41512	79	5	occur	occur	VERB
cjfa-41512	79	6	which	which	PRON
cjfa-41512	79	7	affect	affect	VERB
cjfa-41512	79	8	the	the	DET
cjfa-41512	79	9	share	share	NOUN
cjfa-41512	79	10	price	price	NOUN
cjfa-41512	79	11	,	,	PUNCT
cjfa-41512	79	12	the	the	DET
cjfa-41512	79	13	amount	amount	NOUN
cjfa-41512	79	14	of	of	ADP
cjfa-41512	79	15	earlier	early	ADJ
cjfa-41512	79	16	dividend	dividend	NOUN
cjfa-41512	79	17	together	together	ADV
cjfa-41512	79	18	with	with	ADP
cjfa-41512	79	19	the	the	DET
cjfa-41512	79	20	stability	stability	NOUN
cjfa-41512	79	21	of	of	ADP
cjfa-41512	79	22	the	the	DET
cjfa-41512	79	23	company	company	NOUN
cjfa-41512	79	24	can	can	AUX
cjfa-41512	79	25	help	help	VERB
cjfa-41512	79	26	to	to	PART
cjfa-41512	79	27	stabilize	stabilize	VERB
cjfa-41512	79	28	the	the	DET
cjfa-41512	79	29	share	share	NOUN
cjfa-41512	79	30	price	price	NOUN
cjfa-41512	79	31	to	to	ADP
cjfa-41512	79	32	a	a	DET
cjfa-41512	79	33	great	great	ADJ
cjfa-41512	79	34	extent	extent	NOUN
cjfa-41512	79	35	.	.	PUNCT
cjfa-41512	80	1	iii	iii	X
cjfa-41512	80	2	.	.	PROPN
cjfa-41512	80	3	dividend	dividend	NOUN
cjfa-41512	80	4	per	per	ADP
cjfa-41512	80	5	share	share	NOUN
cjfa-41512	80	6	some	some	DET
cjfa-41512	80	7	investors	investor	NOUN
cjfa-41512	80	8	look	look	VERB
cjfa-41512	80	9	to	to	PART
cjfa-41512	80	10	invest	invest	VERB
cjfa-41512	80	11	in	in	ADP
cjfa-41512	80	12	shares	share	NOUN
cjfa-41512	80	13	of	of	ADP
cjfa-41512	80	14	companies	company	NOUN
cjfa-41512	80	15	that	that	PRON
cjfa-41512	80	16	will	will	AUX
cjfa-41512	80	17	provide	provide	VERB
cjfa-41512	80	18	reliable	reliable	ADJ
cjfa-41512	80	19	income	income	NOUN
cjfa-41512	80	20	through	through	ADP
cjfa-41512	80	21	sizable	sizable	ADJ
cjfa-41512	80	22	and	and	CCONJ
cjfa-41512	80	23	consistent	consistent	ADJ
cjfa-41512	80	24	dividends	dividend	NOUN
cjfa-41512	80	25	.	.	PUNCT
cjfa-41512	81	1	dividend	dividend	NOUN
cjfa-41512	81	2	per	per	ADP
cjfa-41512	81	3	share	share	NOUN
cjfa-41512	81	4	is	be	AUX
cjfa-41512	81	5	the	the	DET
cjfa-41512	81	6	amount	amount	NOUN
cjfa-41512	81	7	of	of	ADP
cjfa-41512	81	8	total	total	ADJ
cjfa-41512	81	9	dividend	dividend	NOUN
cjfa-41512	81	10	divided	divide	VERB
cjfa-41512	81	11	by	by	ADP
cjfa-41512	81	12	the	the	DET
cjfa-41512	81	13	number	number	NOUN
cjfa-41512	81	14	of	of	ADP
cjfa-41512	81	15	issue	issue	NOUN
cjfa-41512	81	16	and	and	CCONJ
cjfa-41512	81	17	ranking	rank	VERB
cjfa-41512	81	18	for	for	ADP
cjfa-41512	81	19	dividend	dividend	NOUN
cjfa-41512	81	20	as	as	ADP
cjfa-41512	81	21	at	at	ADP
cjfa-41512	81	22	a	a	DET
cjfa-41512	81	23	particular	particular	ADJ
cjfa-41512	81	24	date	date	NOUN
cjfa-41512	81	25	.	.	PUNCT
cjfa-41512	82	1	ubesie	ubesie	INTJ
cjfa-41512	82	2	et	et	PROPN
cjfa-41512	82	3	al	al	PROPN
cjfa-41512	82	4	.	.	PROPN
cjfa-41512	82	5	(	(	PUNCT
cjfa-41512	82	6	2020	2020	NUM
cjfa-41512	82	7	)	)	PUNCT
cjfa-41512	82	8	described	describe	VERB
cjfa-41512	82	9	dividend	dividend	NOUN
cjfa-41512	82	10	per	per	ADP
cjfa-41512	82	11	share	share	NOUN
cjfa-41512	82	12	as	as	ADP
cjfa-41512	82	13	the	the	DET
cjfa-41512	82	14	sum	sum	NOUN
cjfa-41512	82	15	of	of	ADP
cjfa-41512	82	16	declared	declare	VERB
cjfa-41512	82	17	dividends	dividend	NOUN
cjfa-41512	82	18	for	for	ADP
cjfa-41512	82	19	every	every	DET
cjfa-41512	82	20	ordinary	ordinary	ADJ
cjfa-41512	82	21	share	share	NOUN
cjfa-41512	82	22	issued	issue	VERB
cjfa-41512	82	23	.	.	PUNCT
cjfa-41512	83	1	they	they	PRON
cjfa-41512	83	2	further	far	ADV
cjfa-41512	83	3	opined	opine	VERB
cjfa-41512	83	4	that	that	SCONJ
cjfa-41512	83	5	dps	dps	NOUN
cjfa-41512	83	6	is	be	AUX
cjfa-41512	83	7	the	the	DET
cjfa-41512	83	8	amount	amount	NOUN
cjfa-41512	83	9	of	of	ADP
cjfa-41512	83	10	dividends	dividend	NOUN
cjfa-41512	83	11	that	that	PRON
cjfa-41512	83	12	a	a	DET
cjfa-41512	83	13	quoted	quote	VERB
cjfa-41512	83	14	company	company	NOUN
cjfa-41512	83	15	or	or	CCONJ
cjfa-41512	83	16	publicly	publicly	ADV
cjfa-41512	83	17	traded	trade	VERB
cjfa-41512	83	18	company	company	NOUN
cjfa-41512	83	19	pays	pay	VERB
cjfa-41512	83	20	as	as	ADP
cjfa-41512	83	21	dividends	dividend	NOUN
cjfa-41512	83	22	per	per	ADP
cjfa-41512	83	23	share	share	NOUN
cjfa-41512	83	24	to	to	ADP
cjfa-41512	83	25	their	their	PRON
cjfa-41512	83	26	ordinary	ordinary	ADJ
cjfa-41512	83	27	shareholders	shareholder	NOUN
cjfa-41512	83	28	,	,	PUNCT
cjfa-41512	83	29	during	during	ADP
cjfa-41512	83	30	a	a	DET
cjfa-41512	83	31	reporting	reporting	NOUN
cjfa-41512	83	32	period	period	NOUN
cjfa-41512	83	33	.	.	PUNCT
cjfa-41512	84	1	theoretical	theoretical	ADJ
cjfa-41512	84	2	frameworktheoretical	frameworktheoretical	ADJ
cjfa-41512	84	3	framework	framework	NOUN
cjfa-41512	84	4	this	this	DET
cjfa-41512	84	5	study	study	NOUN
cjfa-41512	84	6	is	be	AUX
cjfa-41512	84	7	anchored	anchor	VERB
cjfa-41512	84	8	on	on	ADP
cjfa-41512	84	9	the	the	DET
cjfa-41512	84	10	“	"	PUNCT
cjfa-41512	84	11	bird	bird	NOUN
cjfa-41512	84	12	in	in	ADP
cjfa-41512	84	13	hand	hand	NOUN
cjfa-41512	84	14	”	"	PUNCT
cjfa-41512	84	15	theory	theory	NOUN
cjfa-41512	84	16	,	,	PUNCT
cjfa-41512	84	17	which	which	PRON
cjfa-41512	84	18	was	be	AUX
cjfa-41512	84	19	propounded	propound	VERB
cjfa-41512	84	20	by	by	ADP
cjfa-41512	84	21	gordon	gordon	PROPN
cjfa-41512	84	22	(	(	PUNCT
cjfa-41512	84	23	1963	1963	NUM
cjfa-41512	84	24	)	)	PUNCT
cjfa-41512	84	25	and	and	CCONJ
cjfa-41512	84	26	lintner	lintner	X
cjfa-41512	84	27	(	(	PUNCT
cjfa-41512	84	28	1962	1962	NUM
cjfa-41512	84	29	)	)	PUNCT
cjfa-41512	84	30	.	.	PUNCT
cjfa-41512	85	1	according	accord	VERB
cjfa-41512	85	2	to	to	ADP
cjfa-41512	85	3	their	their	PRON
cjfa-41512	85	4	proposition	proposition	NOUN
cjfa-41512	85	5	,	,	PUNCT
cjfa-41512	85	6	there	there	PRON
cjfa-41512	85	7	is	be	VERB
cjfa-41512	85	8	a	a	DET
cjfa-41512	85	9	link	link	NOUN
cjfa-41512	85	10	between	between	ADP
cjfa-41512	85	11	a	a	DET
cjfa-41512	85	12	company	company	NOUN
cjfa-41512	85	13	’s	’s	PART
cjfa-41512	85	14	worth	worth	NOUN
cjfa-41512	85	15	and	and	CCONJ
cjfa-41512	85	16	its	its	PRON
cjfa-41512	85	17	dividend	dividend	NOUN
cjfa-41512	85	18	payout	payout	NOUN
cjfa-41512	85	19	.	.	PUNCT
cjfa-41512	86	1	dividends	dividend	NOUN
cjfa-41512	86	2	are	be	AUX
cjfa-41512	86	3	also	also	ADV
cjfa-41512	86	4	thought	think	VERB
cjfa-41512	86	5	to	to	PART
cjfa-41512	86	6	be	be	AUX
cjfa-41512	86	7	less	less	ADV
cjfa-41512	86	8	risky	risky	ADJ
cjfa-41512	86	9	than	than	ADP
cjfa-41512	86	10	capital	capital	NOUN
cjfa-41512	86	11	appreciation	appreciation	NOUN
cjfa-41512	86	12	since	since	SCONJ
cjfa-41512	86	13	they	they	PRON
cjfa-41512	86	14	are	be	AUX
cjfa-41512	86	15	more	more	ADV
cjfa-41512	86	16	predictable	predictable	ADJ
cjfa-41512	86	17	.	.	PUNCT
cjfa-41512	87	1	in	in	ADP
cjfa-41512	87	2	other	other	ADJ
cjfa-41512	87	3	words	word	NOUN
cjfa-41512	87	4	,	,	PUNCT
cjfa-41512	87	5	the	the	DET
cjfa-41512	87	6	theory	theory	NOUN
cjfa-41512	87	7	is	be	AUX
cjfa-41512	87	8	based	base	VERB
cjfa-41512	87	9	on	on	ADP
cjfa-41512	87	10	the	the	DET
cjfa-41512	87	11	concept	concept	NOUN
cjfa-41512	87	12	of	of	ADP
cjfa-41512	87	13	dividend	dividend	NOUN
cjfa-41512	87	14	relevance	relevance	NOUN
cjfa-41512	87	15	in	in	ADP
cjfa-41512	87	16	determining	determine	VERB
cjfa-41512	87	17	the	the	DET
cjfa-41512	87	18	market	market	NOUN
cjfa-41512	87	19	value	value	NOUN
cjfa-41512	87	20	of	of	ADP
cjfa-41512	87	21	a	a	DET
cjfa-41512	87	22	company	company	NOUN
cjfa-41512	87	23	’s	’s	PART
cjfa-41512	87	24	stock	stock	NOUN
cjfa-41512	87	25	.	.	PUNCT
cjfa-41512	88	1	they	they	PRON
cjfa-41512	88	2	proposed	propose	VERB
cjfa-41512	88	3	that	that	SCONJ
cjfa-41512	88	4	investors	investor	NOUN
cjfa-41512	88	5	are	be	AUX
cjfa-41512	88	6	rational	rational	ADJ
cjfa-41512	88	7	individuals	individual	NOUN
cjfa-41512	88	8	who	who	PRON
cjfa-41512	88	9	are	be	AUX
cjfa-41512	88	10	often	often	ADV
cjfa-41512	88	11	risk	risk	VERB
cjfa-41512	88	12	averse	averse	ADJ
cjfa-41512	88	13	and	and	CCONJ
cjfa-41512	88	14	will	will	AUX
cjfa-41512	88	15	al	al	PROPN
cjfa-41512	88	16	reaction	reaction	NOUN
cjfa-41512	88	17	of	of	ADP
cjfa-41512	88	18	share	share	NOUN
cjfa-41512	88	19	prices	price	NOUN
cjfa-41512	88	20	to	to	PART
cjfa-41512	88	21	dividend	dividend	VERB
cjfa-41512	88	22	policy	policy	NOUN
cjfa-41512	88	23	…	…	PUNCT
cjfa-41512	88	24	3737	3737	NUM
cjfa-41512	88	25	ways	way	NOUN
cjfa-41512	88	26	prefer	prefer	VERB
cjfa-41512	88	27	to	to	PART
cjfa-41512	88	28	get	get	VERB
cjfa-41512	88	29	a	a	DET
cjfa-41512	88	30	dividend	dividend	NOUN
cjfa-41512	88	31	today	today	NOUN
cjfa-41512	88	32	over	over	ADP
cjfa-41512	88	33	expecting	expect	VERB
cjfa-41512	88	34	a	a	DET
cjfa-41512	88	35	financial	financial	ADJ
cjfa-41512	88	36	gain	gain	NOUN
cjfa-41512	88	37	in	in	ADP
cjfa-41512	88	38	the	the	DET
cjfa-41512	88	39	future	future	NOUN
cjfa-41512	88	40	,	,	PUNCT
cjfa-41512	88	41	which	which	PRON
cjfa-41512	88	42	they	they	PRON
cjfa-41512	88	43	can	can	AUX
cjfa-41512	88	44	not	not	PART
cjfa-41512	88	45	be	be	AUX
cjfa-41512	88	46	certain	certain	ADJ
cjfa-41512	88	47	of	of	ADP
cjfa-41512	88	48	.	.	PUNCT
cjfa-41512	89	1	one	one	NUM
cjfa-41512	89	2	of	of	ADP
cjfa-41512	89	3	gordon	gordon	PROPN
cjfa-41512	89	4	’s	’s	PART
cjfa-41512	89	5	postulates	postulate	NOUN
cjfa-41512	89	6	,	,	PUNCT
cjfa-41512	89	7	according	accord	VERB
cjfa-41512	89	8	to	to	ADP
cjfa-41512	89	9	amidu	amidu	PROPN
cjfa-41512	89	10	(	(	PUNCT
cjfa-41512	89	11	2007	2007	NUM
cjfa-41512	89	12	)	)	PUNCT
cjfa-41512	89	13	,	,	PUNCT
cjfa-41512	89	14	is	be	AUX
cjfa-41512	89	15	that	that	SCONJ
cjfa-41512	89	16	investors	investor	NOUN
cjfa-41512	89	17	prefer	prefer	VERB
cjfa-41512	89	18	dividends	dividend	NOUN
cjfa-41512	89	19	to	to	ADP
cjfa-41512	89	20	capital	capital	NOUN
cjfa-41512	89	21	gains	gain	NOUN
cjfa-41512	89	22	since	since	SCONJ
cjfa-41512	89	23	payouts	payout	NOUN
cjfa-41512	89	24	are	be	AUX
cjfa-41512	89	25	deemed	deem	VERB
cjfa-41512	89	26	less	less	ADV
cjfa-41512	89	27	risky	risky	ADJ
cjfa-41512	89	28	.	.	PUNCT
cjfa-41512	90	1	this	this	DET
cjfa-41512	90	2	theory	theory	NOUN
cjfa-41512	90	3	is	be	AUX
cjfa-41512	90	4	relevant	relevant	ADJ
cjfa-41512	90	5	to	to	ADP
cjfa-41512	90	6	this	this	DET
cjfa-41512	90	7	research	research	NOUN
cjfa-41512	90	8	because	because	SCONJ
cjfa-41512	90	9	,	,	PUNCT
cjfa-41512	90	10	since	since	SCONJ
cjfa-41512	90	11	dividends	dividend	NOUN
cjfa-41512	90	12	are	be	AUX
cjfa-41512	90	13	seen	see	VERB
cjfa-41512	90	14	to	to	PART
cjfa-41512	90	15	be	be	AUX
cjfa-41512	90	16	a	a	DET
cjfa-41512	90	17	determinant	determinant	NOUN
cjfa-41512	90	18	of	of	ADP
cjfa-41512	90	19	the	the	DET
cjfa-41512	90	20	market	market	NOUN
cjfa-41512	90	21	price	price	NOUN
cjfa-41512	90	22	of	of	ADP
cjfa-41512	90	23	shares	share	NOUN
cjfa-41512	90	24	,	,	PUNCT
cjfa-41512	90	25	it	it	PRON
cjfa-41512	90	26	is	be	AUX
cjfa-41512	90	27	expected	expect	VERB
cjfa-41512	90	28	that	that	SCONJ
cjfa-41512	90	29	managers	manager	NOUN
cjfa-41512	90	30	should	should	AUX
cjfa-41512	90	31	set	set	VERB
cjfa-41512	90	32	a	a	DET
cjfa-41512	90	33	good	good	ADJ
cjfa-41512	90	34	dividend	dividend	NOUN
cjfa-41512	90	35	policy	policy	NOUN
cjfa-41512	90	36	in	in	ADP
cjfa-41512	90	37	order	order	NOUN
cjfa-41512	90	38	to	to	PART
cjfa-41512	90	39	grow	grow	VERB
cjfa-41512	90	40	the	the	DET
cjfa-41512	90	41	share	share	NOUN
cjfa-41512	90	42	prices	price	NOUN
cjfa-41512	90	43	of	of	ADP
cjfa-41512	90	44	their	their	PRON
cjfa-41512	90	45	companies	company	NOUN
cjfa-41512	90	46	,	,	PUNCT
cjfa-41512	90	47	which	which	PRON
cjfa-41512	90	48	will	will	AUX
cjfa-41512	90	49	further	far	ADV
cjfa-41512	90	50	attract	attract	VERB
cjfa-41512	90	51	more	more	ADJ
cjfa-41512	90	52	investors	investor	NOUN
cjfa-41512	90	53	to	to	PART
cjfa-41512	90	54	invest	invest	VERB
cjfa-41512	90	55	in	in	ADP
cjfa-41512	90	56	them	they	PRON
cjfa-41512	90	57	.	.	PUNCT
cjfa-41512	91	1	empirical	empirical	ADJ
cjfa-41512	91	2	reviewempirical	reviewempirical	ADJ
cjfa-41512	91	3	review	review	NOUN
cjfa-41512	91	4	in	in	ADP
cjfa-41512	91	5	a	a	DET
cjfa-41512	91	6	recent	recent	ADJ
cjfa-41512	91	7	study	study	NOUN
cjfa-41512	91	8	ubesie	ubesie	NOUN
cjfa-41512	91	9	et	et	PROPN
cjfa-41512	91	10	al	al	PROPN
cjfa-41512	91	11	.	.	PROPN
cjfa-41512	92	1	(	(	PUNCT
cjfa-41512	92	2	2020	2020	NUM
cjfa-41512	92	3	)	)	PUNCT
cjfa-41512	92	4	empirically	empirically	ADV
cjfa-41512	92	5	analyzed	analyze	VERB
cjfa-41512	92	6	the	the	DET
cjfa-41512	92	7	association	association	NOUN
cjfa-41512	92	8	between	between	ADP
cjfa-41512	92	9	dividend	dividend	NOUN
cjfa-41512	92	10	policy	policy	NOUN
cjfa-41512	92	11	and	and	CCONJ
cjfa-41512	92	12	firm	firm	NOUN
cjfa-41512	92	13	’s	’s	PART
cjfa-41512	92	14	financial	financial	ADJ
cjfa-41512	92	15	characteristics	characteristic	NOUN
cjfa-41512	92	16	of	of	ADP
cjfa-41512	92	17	consumer	consumer	NOUN
cjfa-41512	92	18	goods	good	NOUN
cjfa-41512	92	19	companies	company	NOUN
cjfa-41512	92	20	in	in	ADP
cjfa-41512	92	21	nigeria	nigeria	PROPN
cjfa-41512	92	22	.	.	PUNCT
cjfa-41512	93	1	it	it	PRON
cjfa-41512	93	2	made	make	VERB
cjfa-41512	93	3	use	use	NOUN
cjfa-41512	93	4	of	of	ADP
cjfa-41512	93	5	annual	annual	ADJ
cjfa-41512	93	6	time	time	NOUN
cjfa-41512	93	7	series	series	PROPN
cjfa-41512	93	8	secondary	secondary	ADJ
cjfa-41512	93	9	data	datum	NOUN
cjfa-41512	93	10	collected	collect	VERB
cjfa-41512	93	11	from	from	ADP
cjfa-41512	93	12	annual	annual	ADJ
cjfa-41512	93	13	report	report	NOUN
cjfa-41512	93	14	.	.	PUNCT
cjfa-41512	94	1	findings	finding	NOUN
cjfa-41512	94	2	showed	show	VERB
cjfa-41512	94	3	that	that	DET
cjfa-41512	94	4	dividend	dividend	NOUN
cjfa-41512	94	5	per	per	ADP
cjfa-41512	94	6	share	share	NOUN
cjfa-41512	94	7	(	(	PUNCT
cjfa-41512	94	8	dps	dps	NOUN
cjfa-41512	94	9	)	)	PUNCT
cjfa-41512	94	10	relates	relate	VERB
cjfa-41512	94	11	positively	positively	ADV
cjfa-41512	94	12	with	with	ADP
cjfa-41512	94	13	the	the	DET
cjfa-41512	94	14	firm	firm	NOUN
cjfa-41512	94	15	’s	’s	PART
cjfa-41512	94	16	financial	financial	ADJ
cjfa-41512	94	17	characteristics	characteristic	NOUN
cjfa-41512	94	18	whereas	whereas	SCONJ
cjfa-41512	94	19	there	there	PRON
cjfa-41512	94	20	was	be	VERB
cjfa-41512	94	21	a	a	DET
cjfa-41512	94	22	negative	negative	ADJ
cjfa-41512	94	23	and	and	CCONJ
cjfa-41512	94	24	insignificant	insignificant	ADJ
cjfa-41512	94	25	relationship	relationship	NOUN
cjfa-41512	94	26	between	between	ADP
cjfa-41512	94	27	profitability	profitability	NOUN
cjfa-41512	94	28	(	(	PUNCT
cjfa-41512	94	29	measured	measure	VERB
cjfa-41512	94	30	by	by	ADP
cjfa-41512	94	31	roa	roa	PROPN
cjfa-41512	94	32	and	and	CCONJ
cjfa-41512	94	33	roe	roe	PROPN
cjfa-41512	94	34	)	)	PUNCT
cjfa-41512	94	35	,	,	PUNCT
cjfa-41512	94	36	and	and	CCONJ
cjfa-41512	94	37	the	the	DET
cjfa-41512	94	38	dividend	dividend	NOUN
cjfa-41512	94	39	payout	payout	NOUN
cjfa-41512	94	40	ratio	ratio	NOUN
cjfa-41512	94	41	(	(	PUNCT
cjfa-41512	94	42	dpr	dpr	PROPN
cjfa-41512	94	43	)	)	PUNCT
cjfa-41512	94	44	of	of	ADP
cjfa-41512	94	45	firms	firm	NOUN
cjfa-41512	94	46	.	.	PUNCT
cjfa-41512	95	1	a	a	DET
cjfa-41512	95	2	positive	positive	ADJ
cjfa-41512	95	3	relationship	relationship	NOUN
cjfa-41512	95	4	was	be	AUX
cjfa-41512	95	5	maintained	maintain	VERB
cjfa-41512	95	6	between	between	ADP
cjfa-41512	95	7	dpr	dpr	PROPN
cjfa-41512	95	8	and	and	CCONJ
cjfa-41512	95	9	eps	eps	PROPN
cjfa-41512	95	10	for	for	ADP
cjfa-41512	95	11	the	the	DET
cjfa-41512	95	12	period	period	NOUN
cjfa-41512	95	13	.	.	PUNCT
cjfa-41512	96	1	the	the	DET
cjfa-41512	96	2	study	study	NOUN
cjfa-41512	96	3	further	far	ADV
cjfa-41512	96	4	observed	observe	VERB
cjfa-41512	96	5	that	that	SCONJ
cjfa-41512	96	6	the	the	DET
cjfa-41512	96	7	relationship	relationship	NOUN
cjfa-41512	96	8	between	between	ADP
cjfa-41512	96	9	roa	roa	NOUN
cjfa-41512	96	10	and	and	CCONJ
cjfa-41512	96	11	dps	dps	NOUN
cjfa-41512	96	12	was	be	AUX
cjfa-41512	96	13	significant	significant	ADJ
cjfa-41512	96	14	at	at	ADP
cjfa-41512	96	15	5	5	NUM
cjfa-41512	96	16	%	%	NOUN
cjfa-41512	96	17	level	level	NOUN
cjfa-41512	96	18	.	.	PUNCT
cjfa-41512	97	1	usman	usman	PROPN
cjfa-41512	97	2	,	,	PUNCT
cjfa-41512	97	3	lestari	lestari	PROPN
cjfa-41512	97	4	and	and	CCONJ
cjfa-41512	97	5	sofyan	sofyan	ADJ
cjfa-41512	97	6	(	(	PUNCT
cjfa-41512	97	7	2021	2021	NUM
cjfa-41512	97	8	)	)	PUNCT
cjfa-41512	97	9	examined	examine	VERB
cjfa-41512	97	10	the	the	DET
cjfa-41512	97	11	impact	impact	NOUN
cjfa-41512	97	12	of	of	ADP
cjfa-41512	97	13	dividend	dividend	NOUN
cjfa-41512	97	14	policy	policy	NOUN
cjfa-41512	97	15	on	on	ADP
cjfa-41512	97	16	share	share	NOUN
cjfa-41512	97	17	prices	price	NOUN
cjfa-41512	97	18	using	use	VERB
cjfa-41512	97	19	36	36	NUM
cjfa-41512	97	20	manufacturing	manufacture	VERB
cjfa-41512	97	21	companies	company	NOUN
cjfa-41512	97	22	listed	list	VERB
cjfa-41512	97	23	on	on	ADP
cjfa-41512	97	24	the	the	DET
cjfa-41512	97	25	indonesia	indonesia	PROPN
cjfa-41512	97	26	stock	stock	PROPN
cjfa-41512	97	27	exchange	exchange	PROPN
cjfa-41512	97	28	between	between	ADP
cjfa-41512	97	29	2014	2014	NUM
cjfa-41512	97	30	and	and	CCONJ
cjfa-41512	97	31	2018	2018	NUM
cjfa-41512	97	32	.	.	PUNCT
cjfa-41512	98	1	dividend	dividend	NOUN
cjfa-41512	98	2	per	per	ADP
cjfa-41512	98	3	share	share	NOUN
cjfa-41512	98	4	,	,	PUNCT
cjfa-41512	98	5	retention	retention	NOUN
cjfa-41512	98	6	ratio	ratio	NOUN
cjfa-41512	98	7	,	,	PUNCT
cjfa-41512	98	8	return	return	VERB
cjfa-41512	98	9	on	on	ADP
cjfa-41512	98	10	equity	equity	NOUN
cjfa-41512	98	11	,	,	PUNCT
cjfa-41512	98	12	dividend	dividend	NOUN
cjfa-41512	98	13	yield	yield	NOUN
cjfa-41512	98	14	,	,	PUNCT
cjfa-41512	98	15	and	and	CCONJ
cjfa-41512	98	16	earnings	earning	NOUN
cjfa-41512	98	17	per	per	ADP
cjfa-41512	98	18	share	share	NOUN
cjfa-41512	98	19	are	be	AUX
cjfa-41512	98	20	the	the	DET
cjfa-41512	98	21	independent	independent	ADJ
cjfa-41512	98	22	variables	variable	NOUN
cjfa-41512	98	23	.	.	PUNCT
cjfa-41512	99	1	the	the	DET
cjfa-41512	99	2	share	share	NOUN
cjfa-41512	99	3	prices	price	NOUN
cjfa-41512	99	4	are	be	AUX
cjfa-41512	99	5	the	the	DET
cjfa-41512	99	6	dependent	dependent	ADJ
cjfa-41512	99	7	variable	variable	NOUN
cjfa-41512	99	8	.	.	PUNCT
cjfa-41512	100	1	dividend	dividend	NOUN
cjfa-41512	100	2	per	per	ADP
cjfa-41512	100	3	share	share	NOUN
cjfa-41512	100	4	has	have	VERB
cjfa-41512	100	5	a	a	DET
cjfa-41512	100	6	positive	positive	ADJ
cjfa-41512	100	7	impact	impact	NOUN
cjfa-41512	100	8	on	on	ADP
cjfa-41512	100	9	share	share	NOUN
cjfa-41512	100	10	prices	price	NOUN
cjfa-41512	100	11	.	.	PUNCT
cjfa-41512	101	1	the	the	DET
cjfa-41512	101	2	yield	yield	NOUN
cjfa-41512	101	3	on	on	ADP
cjfa-41512	101	4	dividends	dividend	NOUN
cjfa-41512	101	5	has	have	VERB
cjfa-41512	101	6	negative	negative	ADJ
cjfa-41512	101	7	impact	impact	NOUN
cjfa-41512	101	8	on	on	ADP
cjfa-41512	101	9	stock	stock	NOUN
cjfa-41512	101	10	prices	price	NOUN
cjfa-41512	101	11	.	.	PUNCT
cjfa-41512	102	1	share	share	NOUN
cjfa-41512	102	2	prices	price	NOUN
cjfa-41512	102	3	are	be	AUX
cjfa-41512	102	4	unaffected	unaffected	ADJ
cjfa-41512	102	5	by	by	ADP
cjfa-41512	102	6	the	the	DET
cjfa-41512	102	7	retention	retention	NOUN
cjfa-41512	102	8	ratio	ratio	NOUN
cjfa-41512	102	9	,	,	PUNCT
cjfa-41512	102	10	return	return	VERB
cjfa-41512	102	11	on	on	ADP
cjfa-41512	102	12	equity	equity	NOUN
cjfa-41512	102	13	,	,	PUNCT
cjfa-41512	102	14	or	or	CCONJ
cjfa-41512	102	15	earnings	earning	NOUN
cjfa-41512	102	16	per	per	ADP
cjfa-41512	102	17	share	share	NOUN
cjfa-41512	102	18	.	.	PUNCT
cjfa-41512	103	1	chiedu	chiedu	PROPN
cjfa-41512	103	2	and	and	CCONJ
cjfa-41512	103	3	okonkwo	okonkwo	NOUN
cjfa-41512	103	4	(	(	PUNCT
cjfa-41512	103	5	2020	2020	NUM
cjfa-41512	103	6	)	)	PUNCT
cjfa-41512	103	7	used	use	VERB
cjfa-41512	103	8	data	datum	NOUN
cjfa-41512	103	9	from	from	ADP
cjfa-41512	103	10	banks	bank	NOUN
cjfa-41512	103	11	listed	list	VERB
cjfa-41512	103	12	on	on	ADP
cjfa-41512	103	13	the	the	DET
cjfa-41512	103	14	nigerian	nigerian	ADJ
cjfa-41512	103	15	stock	stock	NOUN
cjfa-41512	103	16	exchange	exchange	NOUN
cjfa-41512	103	17	from	from	ADP
cjfa-41512	103	18	2013	2013	NUM
cjfa-41512	103	19	to	to	ADP
cjfa-41512	103	20	2018	2018	NUM
cjfa-41512	103	21	to	to	PART
cjfa-41512	103	22	investigate	investigate	VERB
cjfa-41512	103	23	the	the	DET
cjfa-41512	103	24	influence	influence	NOUN
cjfa-41512	103	25	of	of	ADP
cjfa-41512	103	26	dividend	dividend	NOUN
cjfa-41512	103	27	policy	policy	NOUN
cjfa-41512	103	28	on	on	ADP
cjfa-41512	103	29	shareholder	shareholder	NOUN
cjfa-41512	103	30	wealth	wealth	NOUN
cjfa-41512	103	31	creation	creation	NOUN
cjfa-41512	103	32	and	and	CCONJ
cjfa-41512	103	33	business	business	NOUN
cjfa-41512	103	34	performance	performance	NOUN
cjfa-41512	103	35	.	.	PUNCT
cjfa-41512	104	1	dividend	dividend	NOUN
cjfa-41512	104	2	policy	policy	NOUN
cjfa-41512	104	3	was	be	AUX
cjfa-41512	104	4	examined	examine	VERB
cjfa-41512	104	5	in	in	ADP
cjfa-41512	104	6	terms	term	NOUN
cjfa-41512	104	7	of	of	ADP
cjfa-41512	104	8	dividends	dividend	NOUN
cjfa-41512	104	9	per	per	ADP
cjfa-41512	104	10	share	share	NOUN
cjfa-41512	104	11	,	,	PUNCT
cjfa-41512	104	12	while	while	SCONJ
cjfa-41512	104	13	shareholder	shareholder	NOUN
cjfa-41512	104	14	wealth	wealth	NOUN
cjfa-41512	104	15	generation	generation	NOUN
cjfa-41512	104	16	was	be	AUX
cjfa-41512	104	17	measured	measure	VERB
cjfa-41512	104	18	in	in	ADP
cjfa-41512	104	19	terms	term	NOUN
cjfa-41512	104	20	of	of	ADP
cjfa-41512	104	21	earnings	earning	NOUN
cjfa-41512	104	22	per	per	ADP
cjfa-41512	104	23	share	share	NOUN
cjfa-41512	104	24	and	and	CCONJ
cjfa-41512	104	25	return	return	VERB
cjfa-41512	104	26	on	on	ADP
cjfa-41512	104	27	equity	equity	NOUN
cjfa-41512	104	28	.	.	PUNCT
cjfa-41512	105	1	the	the	DET
cjfa-41512	105	2	results	result	NOUN
cjfa-41512	105	3	show	show	VERB
cjfa-41512	105	4	a	a	DET
cjfa-41512	105	5	positive	positive	ADJ
cjfa-41512	105	6	association	association	NOUN
cjfa-41512	105	7	between	between	ADP
cjfa-41512	105	8	dividend	dividend	NOUN
cjfa-41512	105	9	policy	policy	NOUN
cjfa-41512	105	10	,	,	PUNCT
cjfa-41512	105	11	as	as	SCONJ
cjfa-41512	105	12	measured	measure	VERB
cjfa-41512	105	13	by	by	ADP
cjfa-41512	105	14	dividend	dividend	NOUN
cjfa-41512	105	15	per	per	ADP
cjfa-41512	105	16	share	share	NOUN
cjfa-41512	105	17	,	,	PUNCT
cjfa-41512	105	18	and	and	CCONJ
cjfa-41512	105	19	shareholders	shareholder	NOUN
cjfa-41512	105	20	’	'	PUNCT
cjfa-41512	105	21	wealth	wealth	NOUN
cjfa-41512	105	22	creation	creation	NOUN
cjfa-41512	105	23	,	,	PUNCT
cjfa-41512	105	24	as	as	SCONJ
cjfa-41512	105	25	measured	measure	VERB
cjfa-41512	105	26	by	by	ADP
cjfa-41512	105	27	earnings	earning	NOUN
cjfa-41512	105	28	per	per	ADP
cjfa-41512	105	29	share	share	NOUN
cjfa-41512	105	30	.	.	PUNCT
cjfa-41512	106	1	n.a	n.a	PROPN
cjfa-41512	106	2	.	.	PROPN
cjfa-41512	106	3	emeka	emeka	PROPN
cjfa-41512	106	4	-	-	PUNCT
cjfa-41512	106	5	nwokeji	nwokeji	PROPN
cjfa-41512	106	6	,	,	PUNCT
cjfa-41512	106	7	e.	e.	PROPN
cjfa-41512	106	8	nangih	nangih	PROPN
cjfa-41512	106	9	,	,	PUNCT
cjfa-41512	106	10	c.o	c.o	PROPN
cjfa-41512	106	11	.	.	PROPN
cjfa-41512	106	12	chiedu	chiedu	PROPN
cjfa-41512	106	13	,	,	PUNCT
cjfa-41512	106	14	e.n	e.n	PROPN
cjfa-41512	106	15	.	.	PROPN
cjfa-41512	106	16	ekwunife3838	ekwunife3838	PROPN
cjfa-41512	106	17	naz	naz	PROPN
cjfa-41512	106	18	and	and	CCONJ
cjfa-41512	106	19	siddiqui	siddiqui	NOUN
cjfa-41512	106	20	(	(	PUNCT
cjfa-41512	106	21	2020	2020	NUM
cjfa-41512	106	22	)	)	PUNCT
cjfa-41512	106	23	investigated	investigate	VERB
cjfa-41512	106	24	the	the	DET
cjfa-41512	106	25	effect	effect	NOUN
cjfa-41512	106	26	of	of	ADP
cjfa-41512	106	27	dividend	dividend	NOUN
cjfa-41512	106	28	policy	policy	NOUN
cjfa-41512	106	29	on	on	ADP
cjfa-41512	106	30	share	share	NOUN
cjfa-41512	106	31	price	price	NOUN
cjfa-41512	106	32	volatility	volatility	NOUN
cjfa-41512	106	33	of	of	ADP
cjfa-41512	106	34	firms	firm	NOUN
cjfa-41512	106	35	from	from	ADP
cjfa-41512	106	36	various	various	ADJ
cjfa-41512	106	37	industries	industry	NOUN
cjfa-41512	106	38	in	in	ADP
cjfa-41512	106	39	pakistan	pakistan	PROPN
cjfa-41512	106	40	listed	list	VERB
cjfa-41512	106	41	on	on	ADP
cjfa-41512	106	42	the	the	DET
cjfa-41512	106	43	karachi	karachi	PROPN
cjfa-41512	106	44	stock	stock	PROPN
cjfa-41512	106	45	exchange	exchange	PROPN
cjfa-41512	106	46	from	from	ADP
cjfa-41512	106	47	2010	2010	NUM
cjfa-41512	106	48	to	to	ADP
cjfa-41512	106	49	2019	2019	NUM
cjfa-41512	106	50	using	use	VERB
cjfa-41512	106	51	dividend	dividend	NOUN
cjfa-41512	106	52	yield	yield	NOUN
cjfa-41512	106	53	,	,	PUNCT
cjfa-41512	106	54	dividend	dividend	NOUN
cjfa-41512	106	55	payout	payout	NOUN
cjfa-41512	106	56	,	,	PUNCT
cjfa-41512	106	57	and	and	CCONJ
cjfa-41512	106	58	other	other	ADJ
cjfa-41512	106	59	control	control	NOUN
cjfa-41512	106	60	variables	variable	NOUN
cjfa-41512	106	61	.	.	PUNCT
cjfa-41512	107	1	the	the	DET
cjfa-41512	107	2	panel	panel	NOUN
cjfa-41512	107	3	data	datum	NOUN
cjfa-41512	107	4	is	be	AUX
cjfa-41512	107	5	subjected	subject	VERB
cjfa-41512	107	6	to	to	ADP
cjfa-41512	107	7	fixed	fix	VERB
cjfa-41512	107	8	and	and	CCONJ
cjfa-41512	107	9	random	random	ADJ
cjfa-41512	107	10	effect	effect	NOUN
cjfa-41512	107	11	models	model	NOUN
cjfa-41512	107	12	.	.	PUNCT
cjfa-41512	108	1	payout	payout	NOUN
cjfa-41512	108	2	ratio	ratio	NOUN
cjfa-41512	108	3	and	and	CCONJ
cjfa-41512	108	4	price	price	NOUN
cjfa-41512	108	5	volatility	volatility	NOUN
cjfa-41512	108	6	are	be	AUX
cjfa-41512	108	7	highly	highly	ADV
cjfa-41512	108	8	positively	positively	ADV
cjfa-41512	108	9	connected	connect	VERB
cjfa-41512	108	10	.	.	PUNCT
cjfa-41512	109	1	share	share	NOUN
cjfa-41512	109	2	price	price	NOUN
cjfa-41512	109	3	volatility	volatility	NOUN
cjfa-41512	109	4	is	be	AUX
cjfa-41512	109	5	inversely	inversely	ADV
cjfa-41512	109	6	proportional	proportional	ADJ
cjfa-41512	109	7	to	to	ADP
cjfa-41512	109	8	the	the	DET
cjfa-41512	109	9	company	company	NOUN
cjfa-41512	109	10	’s	’s	PART
cjfa-41512	109	11	size	size	NOUN
cjfa-41512	109	12	and	and	CCONJ
cjfa-41512	109	13	debt	debt	NOUN
cjfa-41512	109	14	.	.	PUNCT
cjfa-41512	110	1	dividend	dividend	NOUN
cjfa-41512	110	2	yield	yield	NOUN
cjfa-41512	110	3	was	be	AUX
cjfa-41512	110	4	revealed	reveal	VERB
cjfa-41512	110	5	to	to	PART
cjfa-41512	110	6	be	be	AUX
cjfa-41512	110	7	a	a	DET
cjfa-41512	110	8	positive	positive	ADJ
cjfa-41512	110	9	and	and	CCONJ
cjfa-41512	110	10	significant	significant	ADJ
cjfa-41512	110	11	determinant	determinant	ADJ
cjfa-41512	110	12	factor	factor	NOUN
cjfa-41512	110	13	in	in	ADP
cjfa-41512	110	14	influencing	influence	VERB
cjfa-41512	110	15	share	share	NOUN
cjfa-41512	110	16	price	price	NOUN
cjfa-41512	110	17	volatility	volatility	NOUN
cjfa-41512	110	18	in	in	ADP
cjfa-41512	110	19	this	this	DET
cjfa-41512	110	20	study	study	NOUN
cjfa-41512	110	21	.	.	PUNCT
cjfa-41512	111	1	in	in	ADP
cjfa-41512	111	2	a	a	DET
cjfa-41512	111	3	related	related	ADJ
cjfa-41512	111	4	study	study	NOUN
cjfa-41512	111	5	hailin	hailin	NOUN
cjfa-41512	111	6	and	and	CCONJ
cjfa-41512	111	7	jingxu	jingxu	INTJ
cjfa-41512	111	8	(	(	PUNCT
cjfa-41512	111	9	2019	2019	NUM
cjfa-41512	111	10	)	)	PUNCT
cjfa-41512	111	11	examined	examine	VERB
cjfa-41512	111	12	the	the	DET
cjfa-41512	111	13	effect	effect	NOUN
cjfa-41512	111	14	of	of	ADP
cjfa-41512	111	15	mandatory	mandatory	ADJ
cjfa-41512	111	16	dividend	dividend	NOUN
cjfa-41512	111	17	policy	policy	NOUN
cjfa-41512	111	18	on	on	ADP
cjfa-41512	111	19	agency	agency	NOUN
cjfa-41512	111	20	cost	cost	NOUN
cjfa-41512	111	21	of	of	ADP
cjfa-41512	111	22	chinese	chinese	ADJ
cjfa-41512	111	23	firms	firm	NOUN
cjfa-41512	111	24	following	follow	VERB
cjfa-41512	111	25	mandatory	mandatory	ADJ
cjfa-41512	111	26	dividend	dividend	NOUN
cjfa-41512	111	27	policy	policy	NOUN
cjfa-41512	111	28	introduced	introduce	VERB
cjfa-41512	111	29	in	in	ADP
cjfa-41512	111	30	2011	2011	NUM
cjfa-41512	111	31	.	.	PUNCT
cjfa-41512	112	1	the	the	DET
cjfa-41512	112	2	study	study	NOUN
cjfa-41512	112	3	employed	employ	VERB
cjfa-41512	112	4	panel	panel	NOUN
cjfa-41512	112	5	data	data	PROPN
cjfa-41512	112	6	regression	regression	NOUN
cjfa-41512	112	7	model	model	NOUN
cjfa-41512	112	8	,	,	PUNCT
cjfa-41512	112	9	intermediary	intermediary	ADJ
cjfa-41512	112	10	utility	utility	NOUN
cjfa-41512	112	11	model	model	NOUN
cjfa-41512	112	12	and	and	CCONJ
cjfa-41512	112	13	difference	difference	NOUN
cjfa-41512	112	14	-	-	PUNCT
cjfa-41512	112	15	in	in	ADP
cjfa-41512	112	16	-	-	PUNCT
cjfa-41512	112	17	difference	difference	NOUN
cjfa-41512	112	18	model	model	NOUN
cjfa-41512	112	19	(	(	PUNCT
cjfa-41512	112	20	did	do	AUX
cjfa-41512	112	21	)	)	PUNCT
cjfa-41512	112	22	in	in	ADP
cjfa-41512	112	23	examining	examine	VERB
cjfa-41512	112	24	the	the	DET
cjfa-41512	112	25	exogenous	exogenous	ADJ
cjfa-41512	112	26	mandatory	mandatory	ADJ
cjfa-41512	112	27	dividend	dividend	NOUN
cjfa-41512	112	28	impact	impact	NOUN
cjfa-41512	112	29	on	on	ADP
cjfa-41512	112	30	agency	agency	NOUN
cjfa-41512	112	31	cost	cost	NOUN
cjfa-41512	112	32	.	.	PUNCT
cjfa-41512	113	1	analyses	analysis	NOUN
cjfa-41512	113	2	of	of	ADP
cjfa-41512	113	3	the	the	DET
cjfa-41512	113	4	results	result	NOUN
cjfa-41512	113	5	indicate	indicate	VERB
cjfa-41512	113	6	that	that	SCONJ
cjfa-41512	113	7	mandatory	mandatory	ADJ
cjfa-41512	113	8	dividend	dividend	NOUN
cjfa-41512	113	9	policy	policy	NOUN
cjfa-41512	113	10	significantly	significantly	ADV
cjfa-41512	113	11	inhibits	inhibit	VERB
cjfa-41512	113	12	the	the	DET
cjfa-41512	113	13	agency	agency	NOUN
cjfa-41512	113	14	cost	cost	NOUN
cjfa-41512	113	15	of	of	ADP
cjfa-41512	113	16	enterprises	enterprise	NOUN
cjfa-41512	113	17	.	.	PUNCT
cjfa-41512	114	1	haque	haque	PROPN
cjfa-41512	114	2	,	,	PUNCT
cjfa-41512	114	3	jahiruddin	jahiruddin	NOUN
cjfa-41512	114	4	and	and	CCONJ
cjfa-41512	114	5	mishu	mishu	NOUN
cjfa-41512	114	6	(	(	PUNCT
cjfa-41512	114	7	2019	2019	NUM
cjfa-41512	114	8	)	)	PUNCT
cjfa-41512	114	9	used	use	VERB
cjfa-41512	114	10	data	datum	NOUN
cjfa-41512	114	11	from	from	ADP
cjfa-41512	114	12	35	35	NUM
cjfa-41512	114	13	manufacturing	manufacturing	NOUN
cjfa-41512	114	14	firms	firm	NOUN
cjfa-41512	114	15	listed	list	VERB
cjfa-41512	114	16	on	on	ADP
cjfa-41512	114	17	the	the	DET
cjfa-41512	114	18	dhaka	dhaka	PROPN
cjfa-41512	114	19	stock	stock	PROPN
cjfa-41512	114	20	exchange	exchange	PROPN
cjfa-41512	114	21	(	(	PUNCT
cjfa-41512	114	22	dse	dse	PROPN
cjfa-41512	114	23	)	)	PUNCT
cjfa-41512	114	24	to	to	PART
cjfa-41512	114	25	explore	explore	VERB
cjfa-41512	114	26	the	the	DET
cjfa-41512	114	27	impact	impact	NOUN
cjfa-41512	114	28	of	of	ADP
cjfa-41512	114	29	dividend	dividend	NOUN
cjfa-41512	114	30	policy	policy	NOUN
cjfa-41512	114	31	on	on	ADP
cjfa-41512	114	32	stock	stock	NOUN
cjfa-41512	114	33	price	price	NOUN
cjfa-41512	114	34	volatility	volatility	NOUN
cjfa-41512	114	35	.	.	PUNCT
cjfa-41512	115	1	the	the	DET
cjfa-41512	115	2	dependent	dependent	ADJ
cjfa-41512	115	3	variable	variable	NOUN
cjfa-41512	115	4	,	,	PUNCT
cjfa-41512	115	5	price	price	NOUN
cjfa-41512	115	6	volatility	volatility	NOUN
cjfa-41512	115	7	,	,	PUNCT
cjfa-41512	115	8	is	be	AUX
cjfa-41512	115	9	regressed	regress	VERB
cjfa-41512	115	10	against	against	ADP
cjfa-41512	115	11	dividend	dividend	NOUN
cjfa-41512	115	12	yield	yield	NOUN
cjfa-41512	115	13	and	and	CCONJ
cjfa-41512	115	14	payout	payout	NOUN
cjfa-41512	115	15	,	,	PUNCT
cjfa-41512	115	16	as	as	ADV
cjfa-41512	115	17	well	well	ADV
cjfa-41512	115	18	as	as	ADP
cjfa-41512	115	19	business	business	NOUN
cjfa-41512	115	20	size	size	NOUN
cjfa-41512	115	21	,	,	PUNCT
cjfa-41512	115	22	earnings	earning	NOUN
cjfa-41512	115	23	volatility	volatility	NOUN
cjfa-41512	115	24	,	,	PUNCT
cjfa-41512	115	25	and	and	CCONJ
cjfa-41512	115	26	long	long	ADJ
cjfa-41512	115	27	-	-	PUNCT
cjfa-41512	115	28	term	term	NOUN
cjfa-41512	115	29	debt	debt	NOUN
cjfa-41512	115	30	,	,	PUNCT
cjfa-41512	115	31	in	in	ADP
cjfa-41512	115	32	this	this	DET
cjfa-41512	115	33	study	study	NOUN
cjfa-41512	115	34	.	.	PUNCT
cjfa-41512	116	1	the	the	DET
cjfa-41512	116	2	results	result	NOUN
cjfa-41512	116	3	revealed	reveal	VERB
cjfa-41512	116	4	a	a	DET
cjfa-41512	116	5	significant	significant	ADJ
cjfa-41512	116	6	inverse	inverse	NOUN
cjfa-41512	116	7	link	link	NOUN
cjfa-41512	116	8	between	between	ADP
cjfa-41512	116	9	share	share	NOUN
cjfa-41512	116	10	price	price	NOUN
cjfa-41512	116	11	volatility	volatility	NOUN
cjfa-41512	116	12	and	and	CCONJ
cjfa-41512	116	13	dividend	dividend	NOUN
cjfa-41512	116	14	yield	yield	NOUN
cjfa-41512	116	15	as	as	ADV
cjfa-41512	116	16	well	well	ADV
cjfa-41512	116	17	as	as	ADP
cjfa-41512	116	18	firm	firm	ADJ
cjfa-41512	116	19	size	size	NOUN
cjfa-41512	116	20	.	.	PUNCT
cjfa-41512	117	1	usman	usman	PROPN
cjfa-41512	117	2	and	and	CCONJ
cjfa-41512	117	3	olorunnisola	olorunnisola	PROPN
cjfa-41512	117	4	(	(	PUNCT
cjfa-41512	117	5	2019	2019	NUM
cjfa-41512	117	6	)	)	PUNCT
cjfa-41512	117	7	studied	study	VERB
cjfa-41512	117	8	the	the	DET
cjfa-41512	117	9	impacts	impact	NOUN
cjfa-41512	117	10	of	of	ADP
cjfa-41512	117	11	dividend	dividend	NOUN
cjfa-41512	117	12	policy	policy	NOUN
cjfa-41512	117	13	on	on	ADP
cjfa-41512	117	14	performance	performance	NOUN
cjfa-41512	117	15	of	of	ADP
cjfa-41512	117	16	banks	bank	NOUN
cjfa-41512	117	17	in	in	ADP
cjfa-41512	117	18	nigeria	nigeria	PROPN
cjfa-41512	117	19	.	.	PUNCT
cjfa-41512	118	1	purposive	purposive	ADJ
cjfa-41512	118	2	random	random	ADJ
cjfa-41512	118	3	sampling	sampling	NOUN
cjfa-41512	118	4	method	method	NOUN
cjfa-41512	118	5	was	be	AUX
cjfa-41512	118	6	employed	employ	VERB
cjfa-41512	118	7	to	to	PART
cjfa-41512	118	8	select	select	VERB
cjfa-41512	118	9	seven	seven	NUM
cjfa-41512	118	10	(	(	PUNCT
cjfa-41512	118	11	7	7	NUM
cjfa-41512	118	12	)	)	PUNCT
cjfa-41512	118	13	out	out	ADP
cjfa-41512	118	14	of	of	ADP
cjfa-41512	118	15	the	the	DET
cjfa-41512	118	16	sixteen	sixteen	NUM
cjfa-41512	118	17	(	(	PUNCT
cjfa-41512	118	18	16	16	NUM
cjfa-41512	118	19	)	)	PUNCT
cjfa-41512	118	20	quoted	quote	VERB
cjfa-41512	118	21	deposit	deposit	NOUN
cjfa-41512	118	22	money	money	NOUN
cjfa-41512	118	23	banks	bank	NOUN
cjfa-41512	118	24	in	in	ADP
cjfa-41512	118	25	nigeria	nigeria	PROPN
cjfa-41512	118	26	.	.	PUNCT
cjfa-41512	119	1	data	datum	NOUN
cjfa-41512	119	2	was	be	AUX
cjfa-41512	119	3	sourced	source	VERB
cjfa-41512	119	4	from	from	ADP
cjfa-41512	119	5	annual	annual	ADJ
cjfa-41512	119	6	reports	report	NOUN
cjfa-41512	119	7	of	of	ADP
cjfa-41512	119	8	the	the	DET
cjfa-41512	119	9	sampled	sample	VERB
cjfa-41512	119	10	banks	bank	NOUN
cjfa-41512	119	11	for	for	ADP
cjfa-41512	119	12	a	a	DET
cjfa-41512	119	13	period	period	NOUN
cjfa-41512	119	14	of	of	ADP
cjfa-41512	119	15	ten	ten	NUM
cjfa-41512	119	16	years	year	NOUN
cjfa-41512	119	17	from	from	ADP
cjfa-41512	119	18	2009–2018	2009–2018	NUM
cjfa-41512	119	19	.	.	PUNCT
cjfa-41512	120	1	the	the	DET
cjfa-41512	120	2	panel	panel	NOUN
cjfa-41512	120	3	regression	regression	NOUN
cjfa-41512	120	4	utilized	utilize	VERB
cjfa-41512	120	5	in	in	ADP
cjfa-41512	120	6	the	the	DET
cjfa-41512	120	7	study	study	NOUN
cjfa-41512	120	8	revealed	reveal	VERB
cjfa-41512	120	9	that	that	SCONJ
cjfa-41512	120	10	dividend	dividend	NOUN
cjfa-41512	120	11	policy	policy	NOUN
cjfa-41512	120	12	had	have	VERB
cjfa-41512	120	13	a	a	DET
cjfa-41512	120	14	significant	significant	ADJ
cjfa-41512	120	15	impact	impact	NOUN
cjfa-41512	120	16	on	on	ADP
cjfa-41512	120	17	bank	bank	NOUN
cjfa-41512	120	18	corporate	corporate	ADJ
cjfa-41512	120	19	performance	performance	NOUN
cjfa-41512	120	20	in	in	ADP
cjfa-41512	120	21	nigeria	nigeria	PROPN
cjfa-41512	120	22	.	.	PUNCT
cjfa-41512	121	1	akram	akram	PROPN
cjfa-41512	121	2	,	,	PUNCT
cjfa-41512	121	3	alrjoub	alrjoub	ADJ
cjfa-41512	121	4	and	and	CCONJ
cjfa-41512	121	5	alrabba	alrabba	NOUN
cjfa-41512	121	6	(	(	PUNCT
cjfa-41512	121	7	2018	2018	NUM
cjfa-41512	121	8	)	)	PUNCT
cjfa-41512	121	9	investigated	investigate	VERB
cjfa-41512	121	10	the	the	DET
cjfa-41512	121	11	nexus	nexus	NOUN
cjfa-41512	121	12	between	between	ADP
cjfa-41512	121	13	dividend	dividend	NOUN
cjfa-41512	121	14	policy	policy	NOUN
cjfa-41512	121	15	and	and	CCONJ
cjfa-41512	121	16	stock	stock	NOUN
cjfa-41512	121	17	price	price	NOUN
cjfa-41512	121	18	of	of	ADP
cjfa-41512	121	19	listed	list	VERB
cjfa-41512	121	20	firms	firm	NOUN
cjfa-41512	121	21	in	in	ADP
cjfa-41512	121	22	amman	amman	PROPN
cjfa-41512	121	23	.	.	PUNCT
cjfa-41512	122	1	a	a	DET
cjfa-41512	122	2	total	total	ADJ
cjfa-41512	122	3	sample	sample	NOUN
cjfa-41512	122	4	of	of	ADP
cjfa-41512	122	5	228	228	NUM
cjfa-41512	122	6	firms	firm	NOUN
cjfa-41512	122	7	were	be	AUX
cjfa-41512	122	8	used	use	VERB
cjfa-41512	122	9	for	for	ADP
cjfa-41512	122	10	the	the	DET
cjfa-41512	122	11	study	study	NOUN
cjfa-41512	122	12	.	.	PUNCT
cjfa-41512	123	1	data	datum	NOUN
cjfa-41512	123	2	was	be	AUX
cjfa-41512	123	3	collected	collect	VERB
cjfa-41512	123	4	from	from	ADP
cjfa-41512	123	5	their	their	PRON
cjfa-41512	123	6	annual	annual	ADJ
cjfa-41512	123	7	reports	report	NOUN
cjfa-41512	123	8	for	for	ADP
cjfa-41512	123	9	the	the	DET
cjfa-41512	123	10	period	period	NOUN
cjfa-41512	123	11	from	from	ADP
cjfa-41512	123	12	2010	2010	NUM
cjfa-41512	123	13	to	to	ADP
cjfa-41512	123	14	2016	2016	NUM
cjfa-41512	123	15	.	.	PUNCT
cjfa-41512	124	1	the	the	DET
cjfa-41512	124	2	study	study	NOUN
cjfa-41512	124	3	employed	employ	VERB
cjfa-41512	124	4	descriptive	descriptive	ADJ
cjfa-41512	124	5	statistics	statistic	NOUN
cjfa-41512	124	6	,	,	PUNCT
cjfa-41512	124	7	pearson	pearson	NOUN
cjfa-41512	124	8	correlation	correlation	NOUN
cjfa-41512	124	9	and	and	CCONJ
cjfa-41512	124	10	panel	panel	NOUN
cjfa-41512	124	11	regression	regression	NOUN
cjfa-41512	124	12	analysis	analysis	NOUN
cjfa-41512	124	13	tools	tool	NOUN
cjfa-41512	124	14	.	.	PUNCT
cjfa-41512	125	1	the	the	DET
cjfa-41512	125	2	findings	finding	NOUN
cjfa-41512	125	3	showed	show	VERB
cjfa-41512	125	4	that	that	SCONJ
cjfa-41512	125	5	dividend	dividend	NOUN
cjfa-41512	125	6	policy	policy	NOUN
cjfa-41512	125	7	had	have	VERB
cjfa-41512	125	8	negative	negative	ADJ
cjfa-41512	125	9	and	and	CCONJ
cjfa-41512	125	10	significant	significant	ADJ
cjfa-41512	125	11	influence	influence	NOUN
cjfa-41512	125	12	on	on	ADP
cjfa-41512	125	13	stock	stock	NOUN
cjfa-41512	125	14	price	price	NOUN
cjfa-41512	125	15	.	.	PUNCT
cjfa-41512	126	1	reaction	reaction	NOUN
cjfa-41512	126	2	of	of	ADP
cjfa-41512	126	3	share	share	NOUN
cjfa-41512	126	4	prices	price	NOUN
cjfa-41512	126	5	to	to	PART
cjfa-41512	126	6	dividend	dividend	VERB
cjfa-41512	126	7	policy	policy	NOUN
cjfa-41512	126	8	…	…	PUNCT
cjfa-41512	126	9	3939	3939	NUM
cjfa-41512	126	10	fiiwe	fiiwe	NOUN
cjfa-41512	126	11	and	and	CCONJ
cjfa-41512	126	12	turakpe	turakpe	NOUN
cjfa-41512	126	13	(	(	PUNCT
cjfa-41512	126	14	2017	2017	NUM
cjfa-41512	126	15	)	)	PUNCT
cjfa-41512	126	16	studied	study	VERB
cjfa-41512	126	17	the	the	DET
cjfa-41512	126	18	effect	effect	NOUN
cjfa-41512	126	19	of	of	ADP
cjfa-41512	126	20	dividend	dividend	NOUN
cjfa-41512	126	21	policy	policy	NOUN
cjfa-41512	126	22	and	and	CCONJ
cjfa-41512	126	23	firm	firm	ADJ
cjfa-41512	126	24	performance	performance	NOUN
cjfa-41512	126	25	.	.	PUNCT
cjfa-41512	127	1	the	the	DET
cjfa-41512	127	2	study	study	NOUN
cjfa-41512	127	3	employed	employ	VERB
cjfa-41512	127	4	the	the	DET
cjfa-41512	127	5	regression	regression	NOUN
cjfa-41512	127	6	model	model	NOUN
cjfa-41512	127	7	as	as	ADP
cjfa-41512	127	8	a	a	DET
cjfa-41512	127	9	tool	tool	NOUN
cjfa-41512	127	10	for	for	ADP
cjfa-41512	127	11	analysis	analysis	NOUN
cjfa-41512	127	12	while	while	SCONJ
cjfa-41512	127	13	the	the	DET
cjfa-41512	127	14	ex	ex	ADJ
cjfa-41512	127	15	post	post	X
cjfa-41512	127	16	facto	facto	X
cjfa-41512	127	17	design	design	NOUN
cjfa-41512	127	18	was	be	AUX
cjfa-41512	127	19	used	use	VERB
cjfa-41512	127	20	.	.	PUNCT
cjfa-41512	128	1	the	the	DET
cjfa-41512	128	2	study	study	NOUN
cjfa-41512	128	3	selected	select	VERB
cjfa-41512	128	4	companies	company	NOUN
cjfa-41512	128	5	listed	list	VERB
cjfa-41512	128	6	on	on	ADP
cjfa-41512	128	7	the	the	DET
cjfa-41512	128	8	nigerian	nigerian	ADJ
cjfa-41512	128	9	stock	stock	NOUN
cjfa-41512	128	10	exchange	exchange	PROPN
cjfa-41512	128	11	.	.	PUNCT
cjfa-41512	129	1	dividend	dividend	NOUN
cjfa-41512	129	2	policy	policy	NOUN
cjfa-41512	129	3	was	be	AUX
cjfa-41512	129	4	found	find	VERB
cjfa-41512	129	5	to	to	PART
cjfa-41512	129	6	be	be	AUX
cjfa-41512	129	7	related	relate	VERB
cjfa-41512	129	8	to	to	ADP
cjfa-41512	129	9	financial	financial	ADJ
cjfa-41512	129	10	performance	performance	NOUN
cjfa-41512	129	11	,	,	PUNCT
cjfa-41512	129	12	and	and	CCONJ
cjfa-41512	129	13	both	both	PRON
cjfa-41512	129	14	were	be	AUX
cjfa-41512	129	15	positively	positively	ADV
cjfa-41512	129	16	and	and	CCONJ
cjfa-41512	129	17	statistically	statistically	ADV
cjfa-41512	129	18	related	relate	VERB
cjfa-41512	129	19	for	for	ADP
cjfa-41512	129	20	all	all	PRON
cjfa-41512	129	21	of	of	ADP
cjfa-41512	129	22	the	the	DET
cjfa-41512	129	23	companies	company	NOUN
cjfa-41512	129	24	analyzed	analyze	VERB
cjfa-41512	129	25	in	in	ADP
cjfa-41512	129	26	the	the	DET
cjfa-41512	129	27	study	study	NOUN
cjfa-41512	129	28	.	.	PUNCT
cjfa-41512	130	1	sharif	sharif	PROPN
cjfa-41512	130	2	,	,	PUNCT
cjfa-41512	130	3	purohit	purohit	PROPN
cjfa-41512	130	4	and	and	CCONJ
cjfa-41512	130	5	pillai	pillai	PROPN
cjfa-41512	130	6	(	(	PUNCT
cjfa-41512	130	7	2015	2015	NUM
cjfa-41512	130	8	)	)	PUNCT
cjfa-41512	130	9	used	use	VERB
cjfa-41512	130	10	data	datum	NOUN
cjfa-41512	130	11	from	from	ADP
cjfa-41512	130	12	41	41	NUM
cjfa-41512	130	13	firms	firm	NOUN
cjfa-41512	130	14	from	from	ADP
cjfa-41512	130	15	bahrain	bahrain	PROPN
cjfa-41512	130	16	stock	stock	NOUN
cjfa-41512	130	17	exchange	exchange	NOUN
cjfa-41512	130	18	to	to	PART
cjfa-41512	130	19	assess	assess	VERB
cjfa-41512	130	20	factors	factor	NOUN
cjfa-41512	130	21	affecting	affect	VERB
cjfa-41512	130	22	share	share	NOUN
cjfa-41512	130	23	prices	price	NOUN
cjfa-41512	130	24	.	.	PUNCT
cjfa-41512	131	1	estimation	estimation	NOUN
cjfa-41512	131	2	approach	approach	NOUN
cjfa-41512	131	3	is	be	AUX
cjfa-41512	131	4	based	base	VERB
cjfa-41512	131	5	on	on	ADP
cjfa-41512	131	6	fe	fe	X
cjfa-41512	131	7	and	and	CCONJ
cjfa-41512	131	8	re	re	NOUN
cjfa-41512	131	9	models	model	NOUN
cjfa-41512	131	10	,	,	PUNCT
cjfa-41512	131	11	as	as	ADV
cjfa-41512	131	12	well	well	ADV
cjfa-41512	131	13	as	as	ADP
cjfa-41512	131	14	pooled	pool	VERB
cjfa-41512	131	15	ols	ol	NOUN
cjfa-41512	131	16	regression	regression	NOUN
cjfa-41512	131	17	with	with	ADP
cjfa-41512	131	18	robust	robust	ADJ
cjfa-41512	131	19	standard	standard	ADJ
cjfa-41512	131	20	errors	error	NOUN
cjfa-41512	131	21	.	.	PUNCT
cjfa-41512	132	1	both	both	PRON
cjfa-41512	132	2	estimate	estimate	VERB
cjfa-41512	132	3	models	model	NOUN
cjfa-41512	132	4	show	show	VERB
cjfa-41512	132	5	a	a	DET
cjfa-41512	132	6	positive	positive	ADJ
cjfa-41512	132	7	and	and	CCONJ
cjfa-41512	132	8	substantial	substantial	ADJ
cjfa-41512	132	9	association	association	NOUN
cjfa-41512	132	10	between	between	ADP
cjfa-41512	132	11	roe	roe	PROPN
cjfa-41512	132	12	,	,	PUNCT
cjfa-41512	132	13	bvs	bvs	PROPN
cjfa-41512	132	14	,	,	PUNCT
cjfa-41512	132	15	dps	dps	PROPN
cjfa-41512	132	16	,	,	PUNCT
cjfa-41512	132	17	pe	pe	X
cjfa-41512	132	18	,	,	PUNCT
cjfa-41512	132	19	and	and	CCONJ
cjfa-41512	132	20	log	log	NOUN
cjfa-41512	132	21	mcap	mcap	NOUN
cjfa-41512	132	22	,	,	PUNCT
cjfa-41512	132	23	implying	imply	VERB
cjfa-41512	132	24	that	that	SCONJ
cjfa-41512	132	25	these	these	DET
cjfa-41512	132	26	variables	variable	NOUN
cjfa-41512	132	27	have	have	VERB
cjfa-41512	132	28	a	a	DET
cjfa-41512	132	29	role	role	NOUN
cjfa-41512	132	30	in	in	ADP
cjfa-41512	132	31	determining	determine	VERB
cjfa-41512	132	32	the	the	DET
cjfa-41512	132	33	market	market	NOUN
cjfa-41512	132	34	price	price	NOUN
cjfa-41512	132	35	of	of	ADP
cjfa-41512	132	36	stocks	stock	NOUN
cjfa-41512	132	37	.	.	PUNCT
cjfa-41512	133	1	dividend	dividend	NOUN
cjfa-41512	133	2	yield	yield	NOUN
cjfa-41512	133	3	,	,	PUNCT
cjfa-41512	133	4	on	on	ADP
cjfa-41512	133	5	the	the	DET
cjfa-41512	133	6	other	other	ADJ
cjfa-41512	133	7	hand	hand	NOUN
cjfa-41512	133	8	,	,	PUNCT
cjfa-41512	133	9	was	be	AUX
cjfa-41512	133	10	found	find	VERB
cjfa-41512	133	11	to	to	PART
cjfa-41512	133	12	have	have	VERB
cjfa-41512	133	13	a	a	DET
cjfa-41512	133	14	negative	negative	ADJ
cjfa-41512	133	15	association	association	NOUN
cjfa-41512	133	16	with	with	ADP
cjfa-41512	133	17	mps	mps	PROPN
cjfa-41512	133	18	.	.	PUNCT
cjfa-41512	133	19	enekwe	enekwe	PROPN
cjfa-41512	133	20	,	,	PUNCT
cjfa-41512	133	21	nweze	nweze	NOUN
cjfa-41512	133	22	and	and	CCONJ
cjfa-41512	133	23	agu	agu	NOUN
cjfa-41512	133	24	(	(	PUNCT
cjfa-41512	133	25	2015	2015	NUM
cjfa-41512	133	26	)	)	PUNCT
cjfa-41512	133	27	examined	examine	VERB
cjfa-41512	133	28	the	the	DET
cjfa-41512	133	29	nexus	nexus	NOUN
cjfa-41512	133	30	between	between	ADP
cjfa-41512	133	31	dividend	dividend	NOUN
cjfa-41512	133	32	payout	payout	NOUN
cjfa-41512	133	33	ratio	ratio	NOUN
cjfa-41512	133	34	and	and	CCONJ
cjfa-41512	133	35	performance	performance	NOUN
cjfa-41512	133	36	evaluation	evaluation	NOUN
cjfa-41512	133	37	measures	measure	NOUN
cjfa-41512	133	38	such	such	ADJ
cjfa-41512	133	39	as	as	ADP
cjfa-41512	133	40	(	(	PUNCT
cjfa-41512	133	41	roce	roce	NOUN
cjfa-41512	133	42	,	,	PUNCT
cjfa-41512	133	43	roa	roa	PROPN
cjfa-41512	133	44	and	and	CCONJ
cjfa-41512	133	45	roe	roe	PROPN
cjfa-41512	133	46	)	)	PUNCT
cjfa-41512	133	47	of	of	ADP
cjfa-41512	133	48	quoted	quote	VERB
cjfa-41512	133	49	cement	cement	NOUN
cjfa-41512	133	50	companies	company	NOUN
cjfa-41512	133	51	in	in	ADP
cjfa-41512	133	52	nigeria	nigeria	PROPN
cjfa-41512	133	53	.	.	PUNCT
cjfa-41512	134	1	using	use	VERB
cjfa-41512	134	2	data	datum	NOUN
cjfa-41512	134	3	collected	collect	VERB
cjfa-41512	134	4	from	from	ADP
cjfa-41512	134	5	their	their	PRON
cjfa-41512	134	6	annual	annual	ADJ
cjfa-41512	134	7	reports	report	NOUN
cjfa-41512	134	8	from	from	ADP
cjfa-41512	134	9	2003	2003	NUM
cjfa-41512	134	10	to	to	ADP
cjfa-41512	134	11	2014	2014	NUM
cjfa-41512	134	12	,	,	PUNCT
cjfa-41512	134	13	the	the	DET
cjfa-41512	134	14	results	result	NOUN
cjfa-41512	134	15	of	of	ADP
cjfa-41512	134	16	the	the	DET
cjfa-41512	134	17	analysis	analysis	NOUN
cjfa-41512	134	18	showed	show	VERB
cjfa-41512	134	19	that	that	SCONJ
cjfa-41512	134	20	the	the	DET
cjfa-41512	134	21	independent	independent	ADJ
cjfa-41512	134	22	variable	variable	NOUN
cjfa-41512	134	23	(	(	PUNCT
cjfa-41512	134	24	proxied	proxie	VERB
cjfa-41512	134	25	by	by	ADP
cjfa-41512	134	26	dividend	dividend	NOUN
cjfa-41512	134	27	payout	payout	NOUN
cjfa-41512	134	28	ratio	ratio	NOUN
cjfa-41512	134	29	)	)	PUNCT
cjfa-41512	134	30	had	have	VERB
cjfa-41512	134	31	positive	positive	ADJ
cjfa-41512	134	32	effect	effect	NOUN
cjfa-41512	134	33	on	on	ADP
cjfa-41512	134	34	financial	financial	ADJ
cjfa-41512	134	35	performance	performance	NOUN
cjfa-41512	134	36	.	.	PUNCT
cjfa-41512	135	1	above	above	ADP
cjfa-41512	135	2	empirical	empirical	ADJ
cjfa-41512	135	3	and	and	CCONJ
cjfa-41512	135	4	theoretical	theoretical	ADJ
cjfa-41512	135	5	review	review	NOUN
cjfa-41512	135	6	demonstrates	demonstrate	VERB
cjfa-41512	135	7	that	that	SCONJ
cjfa-41512	135	8	there	there	PRON
cjfa-41512	135	9	is	be	VERB
cjfa-41512	135	10	a	a	DET
cjfa-41512	135	11	growing	grow	VERB
cjfa-41512	135	12	literature	literature	NOUN
cjfa-41512	135	13	on	on	ADP
cjfa-41512	135	14	dividend	dividend	NOUN
cjfa-41512	135	15	policy	policy	NOUN
cjfa-41512	135	16	and	and	CCONJ
cjfa-41512	135	17	share	share	NOUN
cjfa-41512	135	18	prices	price	NOUN
cjfa-41512	135	19	accordingly	accordingly	ADV
cjfa-41512	135	20	.	.	PUNCT
cjfa-41512	136	1	the	the	DET
cjfa-41512	136	2	null	null	ADJ
cjfa-41512	136	3	hypotheses	hypothesis	NOUN
cjfa-41512	136	4	of	of	ADP
cjfa-41512	136	5	this	this	DET
cjfa-41512	136	6	study	study	NOUN
cjfa-41512	136	7	is	be	AUX
cjfa-41512	136	8	put	put	VERB
cjfa-41512	136	9	forward	forward	ADV
cjfa-41512	136	10	as	as	ADP
cjfa-41512	136	11	:	:	PUNCT
cjfa-41512	136	12	i.	i.	NOUN
cjfa-41512	136	13	dividend	dividend	PROPN
cjfa-41512	136	14	payout	payout	NOUN
cjfa-41512	136	15	has	have	VERB
cjfa-41512	136	16	no	no	DET
cjfa-41512	136	17	significant	significant	ADJ
cjfa-41512	136	18	effect	effect	NOUN
cjfa-41512	136	19	on	on	ADP
cjfa-41512	136	20	market	market	NOUN
cjfa-41512	136	21	price	price	NOUN
cjfa-41512	136	22	per	per	ADP
cjfa-41512	136	23	share	share	NOUN
cjfa-41512	136	24	of	of	ADP
cjfa-41512	136	25	firms	firm	NOUN
cjfa-41512	136	26	in	in	ADP
cjfa-41512	136	27	nigeria	nigeria	PROPN
cjfa-41512	136	28	.	.	PUNCT
cjfa-41512	137	1	ii	ii	PROPN
cjfa-41512	137	2	.	.	PUNCT
cjfa-41512	137	3	dividend	dividend	NOUN
cjfa-41512	137	4	yield	yield	NOUN
cjfa-41512	137	5	can	can	AUX
cjfa-41512	137	6	not	not	PART
cjfa-41512	137	7	significantly	significantly	ADV
cjfa-41512	137	8	affect	affect	VERB
cjfa-41512	137	9	market	market	NOUN
cjfa-41512	137	10	price	price	NOUN
cjfa-41512	137	11	per	per	ADP
cjfa-41512	137	12	share	share	NOUN
cjfa-41512	137	13	of	of	ADP
cjfa-41512	137	14	firms	firm	NOUN
cjfa-41512	137	15	in	in	ADP
cjfa-41512	137	16	nigeria	nigeria	PROPN
cjfa-41512	137	17	.	.	PUNCT
cjfa-41512	138	1	iii	iii	X
cjfa-41512	138	2	.	.	PROPN
cjfa-41512	138	3	dividend	dividend	NOUN
cjfa-41512	138	4	per	per	ADP
cjfa-41512	138	5	share	share	NOUN
cjfa-41512	138	6	has	have	VERB
cjfa-41512	138	7	no	no	DET
cjfa-41512	138	8	significant	significant	ADJ
cjfa-41512	138	9	effect	effect	NOUN
cjfa-41512	138	10	on	on	ADP
cjfa-41512	138	11	market	market	NOUN
cjfa-41512	138	12	price	price	NOUN
cjfa-41512	138	13	per	per	ADP
cjfa-41512	138	14	share	share	NOUN
cjfa-41512	138	15	of	of	ADP
cjfa-41512	138	16	firms	firm	NOUN
cjfa-41512	138	17	in	in	ADP
cjfa-41512	138	18	nigeria	nigeria	PROPN
cjfa-41512	138	19	.	.	PUNCT
cjfa-41512	139	1	model	model	PROPN
cjfa-41512	139	2	specificationmodel	specificationmodel	PROPN
cjfa-41512	139	3	specification	specification	PROPN
cjfa-41512	139	4	this	this	DET
cjfa-41512	139	5	study	study	NOUN
cjfa-41512	139	6	adapted	adapt	VERB
cjfa-41512	139	7	models	model	NOUN
cjfa-41512	139	8	of	of	ADP
cjfa-41512	139	9	hafeez	hafeez	PROPN
cjfa-41512	139	10	,	,	PUNCT
cjfa-41512	139	11	shahbaz	shahbaz	PROPN
cjfa-41512	139	12	,	,	PUNCT
cjfa-41512	139	13	iftikhar	iftikhar	NOUN
cjfa-41512	139	14	and	and	CCONJ
cjfa-41512	139	15	butt	butt	PROPN
cjfa-41512	139	16	(	(	PUNCT
cjfa-41512	139	17	2018	2018	NUM
cjfa-41512	139	18	)	)	PUNCT
cjfa-41512	139	19	and	and	CCONJ
cjfa-41512	139	20	usman	usman	PROPN
cjfa-41512	139	21	and	and	CCONJ
cjfa-41512	139	22	olorunnisola	olorunnisola	PROPN
cjfa-41512	139	23	(	(	PUNCT
cjfa-41512	139	24	2019	2019	NUM
cjfa-41512	139	25	)	)	PUNCT
cjfa-41512	139	26	in	in	ADP
cjfa-41512	139	27	assessing	assess	VERB
cjfa-41512	139	28	reaction	reaction	NOUN
cjfa-41512	139	29	of	of	ADP
cjfa-41512	139	30	share	share	NOUN
cjfa-41512	139	31	price	price	NOUN
cjfa-41512	139	32	to	to	PART
cjfa-41512	139	33	dividend	dividend	VERB
cjfa-41512	139	34	policies	policy	NOUN
cjfa-41512	139	35	of	of	ADP
cjfa-41512	139	36	firms	firm	NOUN
cjfa-41512	139	37	in	in	ADP
cjfa-41512	139	38	nigeria	nigeria	PROPN
cjfa-41512	139	39	.	.	PUNCT
cjfa-41512	140	1	the	the	DET
cjfa-41512	140	2	models	model	NOUN
cjfa-41512	140	3	were	be	AUX
cjfa-41512	140	4	used	use	VERB
cjfa-41512	140	5	in	in	ADP
cjfa-41512	140	6	a	a	DET
cjfa-41512	140	7	similar	similar	ADJ
cjfa-41512	140	8	study	study	NOUN
cjfa-41512	140	9	in	in	ADP
cjfa-41512	140	10	a	a	DET
cjfa-41512	140	11	developing	develop	VERB
cjfa-41512	140	12	economy	economy	NOUN
cjfa-41512	140	13	and	and	CCONJ
cjfa-41512	140	14	were	be	AUX
cjfa-41512	140	15	modified	modify	VERB
cjfa-41512	140	16	to	to	PART
cjfa-41512	140	17	include	include	VERB
cjfa-41512	140	18	the	the	DET
cjfa-41512	140	19	variables	variable	NOUN
cjfa-41512	140	20	of	of	ADP
cjfa-41512	140	21	this	this	DET
cjfa-41512	140	22	study	study	NOUN
cjfa-41512	140	23	which	which	PRON
cjfa-41512	140	24	is	be	AUX
cjfa-41512	140	25	stated	state	VERB
cjfa-41512	140	26	functionally	functionally	ADV
cjfa-41512	140	27	and	and	CCONJ
cjfa-41512	140	28	econometrically	econometrically	ADV
cjfa-41512	140	29	as	as	SCONJ
cjfa-41512	140	30	:	:	PUNCT
cjfa-41512	140	31	n.a	n.a	PROPN
cjfa-41512	140	32	.	.	PROPN
cjfa-41512	140	33	emeka	emeka	PROPN
cjfa-41512	140	34	-	-	PUNCT
cjfa-41512	140	35	nwokeji	nwokeji	PROPN
cjfa-41512	140	36	,	,	PUNCT
cjfa-41512	140	37	e.	e.	PROPN
cjfa-41512	140	38	nangih	nangih	PROPN
cjfa-41512	140	39	,	,	PUNCT
cjfa-41512	140	40	c.o	c.o	PROPN
cjfa-41512	140	41	.	.	PROPN
cjfa-41512	140	42	chiedu	chiedu	PROPN
cjfa-41512	140	43	,	,	PUNCT
cjfa-41512	140	44	e.n	e.n	PROPN
cjfa-41512	140	45	.	.	PROPN
cjfa-41512	140	46	ekwunife4040	ekwunife4040	NOUN
cjfa-41512	140	47	share	share	VERB
cjfa-41512	140	48	price	price	NOUN
cjfa-41512	140	49	=	=	SYM
cjfa-41512	140	50	f	f	PROPN
cjfa-41512	140	51	(	(	PUNCT
cjfa-41512	140	52	dividend	dividend	NOUN
cjfa-41512	140	53	policy	policy	NOUN
cjfa-41512	140	54	,	,	PUNCT
cjfa-41512	140	55	controls	control	NOUN
cjfa-41512	140	56	)	)	PUNCT
cjfa-41512	140	57	   	   	SPACE
cjfa-41512	140	58	(	(	PUNCT
cjfa-41512	140	59	1	1	X
cjfa-41512	140	60	)	)	PUNCT
cjfa-41512	140	61	mpsit	mpsit	NOUN
cjfa-41512	140	62	=	=	PUNCT
cjfa-41512	141	1	β0	β0	PROPN
cjfa-41512	142	1	+	+	CCONJ
cjfa-41512	142	2	β1div_poutit	β1div_poutit	PROPN
cjfa-41512	143	1	+	+	CCONJ
cjfa-41512	143	2	β2	β2	ADJ
cjfa-41512	143	3	div_yildit	div_yildit	NOUN
cjfa-41512	143	4	+	+	CCONJ
cjfa-41512	143	5	β3dpsit	β3dpsit	X
cjfa-41512	144	1	+	+	CCONJ
cjfa-41512	144	2	β4fsizit	β4fsizit	NUM
cjfa-41512	145	1	+	+	CCONJ
cjfa-41512	145	2	+	+	PROPN
cjfa-41512	145	3	β5firm_agit	β5firm_agit	PUNCT
cjfa-41512	146	1	+	+	PUNCT
cjfa-41512	146	2	µ	µ	X
cjfa-41512	146	3	it	it	PRON
cjfa-41512	146	4	(	(	PUNCT
cjfa-41512	146	5	2	2	NUM
cjfa-41512	146	6	)	)	PUNCT
cjfa-41512	146	7	where	where	SCONJ
cjfa-41512	146	8	:	:	PUNCT
cjfa-41512	146	9	mps	mps	PROPN
cjfa-41512	146	10	=	=	PUNCT
cjfa-41512	146	11	market	market	NOUN
cjfa-41512	146	12	price	price	NOUN
cjfa-41512	146	13	per	per	ADP
cjfa-41512	146	14	share	share	NOUN
cjfa-41512	146	15	;	;	PUNCT
cjfa-41512	146	16	used	use	VERB
cjfa-41512	146	17	to	to	PART
cjfa-41512	146	18	measure	measure	VERB
cjfa-41512	146	19	of	of	ADP
cjfa-41512	146	20	share	share	NOUN
cjfa-41512	146	21	prices	price	NOUN
cjfa-41512	146	22	dividend	dividend	VERB
cjfa-41512	146	23	policy	policy	NOUN
cjfa-41512	146	24	=	=	NOUN
cjfa-41512	146	25	dividend	dividend	NOUN
cjfa-41512	146	26	pay	pay	VERB
cjfa-41512	146	27	-	-	PUNCT
cjfa-41512	146	28	out	out	ADP
cjfa-41512	146	29	ratio	ratio	NOUN
cjfa-41512	146	30	,	,	PUNCT
cjfa-41512	146	31	dividend	dividend	NOUN
cjfa-41512	146	32	yield	yield	NOUN
cjfa-41512	146	33	and	and	CCONJ
cjfa-41512	146	34	dividend	dividend	NOUN
cjfa-41512	146	35	per	per	ADP
cjfa-41512	146	36	share	share	NOUN
cjfa-41512	146	37	div_pout	div_pout	NOUN
cjfa-41512	146	38	=	=	PUNCT
cjfa-41512	146	39	dividend	dividend	NOUN
cjfa-41512	146	40	pay	pay	VERB
cjfa-41512	146	41	-	-	PUNCT
cjfa-41512	146	42	out	out	ADP
cjfa-41512	146	43	ratio	ratio	NOUN
cjfa-41512	146	44	div_yild	div_yild	X
cjfa-41512	146	45	=	=	PUNCT
cjfa-41512	146	46	dividend	dividend	NOUN
cjfa-41512	146	47	yield	yield	NOUN
cjfa-41512	146	48	dps	dps	NOUN
cjfa-41512	146	49	=	=	PUNCT
cjfa-41512	146	50	dividend	dividend	NOUN
cjfa-41512	146	51	per	per	ADP
cjfa-41512	146	52	share	share	NOUN
cjfa-41512	147	1	fsiz	fsiz	PROPN
cjfa-41512	147	2	=	=	PUNCT
cjfa-41512	147	3	firm	firm	ADJ
cjfa-41512	147	4	size	size	NOUN
cjfa-41512	147	5	firm_ag	firm_ag	NOUN
cjfa-41512	147	6	=	=	SYM
cjfa-41512	147	7	firm	firm	ADJ
cjfa-41512	147	8	age	age	NOUN
cjfa-41512	147	9	β0	β0	NOUN
cjfa-41512	147	10	=	=	PUNCT
cjfa-41512	147	11	constant	constant	ADJ
cjfa-41512	147	12	or	or	CCONJ
cjfa-41512	147	13	intercept	intercept	NOUN
cjfa-41512	147	14	of	of	ADP
cjfa-41512	147	15	regression	regression	NOUN
cjfa-41512	147	16	equation	equation	NOUN
cjfa-41512	147	17	β1	β1	PROPN
cjfa-41512	147	18	,	,	PUNCT
cjfa-41512	147	19	β2	β2	NOUN
cjfa-41512	147	20	,	,	PUNCT
cjfa-41512	147	21	β3	β3	PROPN
cjfa-41512	147	22	,	,	PUNCT
cjfa-41512	147	23	β4	β4	PROPN
cjfa-41512	147	24	,	,	PUNCT
cjfa-41512	147	25	β5	β5	NOUN
cjfa-41512	147	26	=	=	PUNCT
cjfa-41512	147	27	beta	beta	ADJ
cjfa-41512	147	28	coefficients	coefficient	NOUN
cjfa-41512	147	29	of	of	ADP
cjfa-41512	147	30	the	the	DET
cjfa-41512	147	31	regression	regression	NOUN
cjfa-41512	147	32	equation	equation	NOUN
cjfa-41512	147	33	µ	µ	X
cjfa-41512	147	34	=	=	NOUN
cjfa-41512	147	35	error	error	NOUN
cjfa-41512	147	36	term	term	NOUN
cjfa-41512	147	37	to	to	PART
cjfa-41512	147	38	capture	capture	VERB
cjfa-41512	147	39	variations	variation	NOUN
cjfa-41512	147	40	in	in	ADP
cjfa-41512	147	41	the	the	DET
cjfa-41512	147	42	model	model	NOUN
cjfa-41512	147	43	empirical	empirical	ADJ
cjfa-41512	147	44	results	result	NOUN
cjfa-41512	147	45	and	and	CCONJ
cjfa-41512	147	46	discussion	discussion	NOUN
cjfa-41512	147	47	of	of	ADP
cjfa-41512	147	48	findingsempirical	findingsempirical	ADJ
cjfa-41512	147	49	results	result	NOUN
cjfa-41512	147	50	and	and	CCONJ
cjfa-41512	147	51	discussion	discussion	NOUN
cjfa-41512	147	52	of	of	ADP
cjfa-41512	147	53	findings	finding	NOUN
cjfa-41512	147	54	results	result	NOUN
cjfa-41512	147	55	of	of	ADP
cjfa-41512	147	56	descriptive	descriptive	ADJ
cjfa-41512	147	57	,	,	PUNCT
cjfa-41512	147	58	diagnostics	diagnostic	NOUN
cjfa-41512	147	59	tests	test	NOUN
cjfa-41512	147	60	and	and	CCONJ
cjfa-41512	147	61	inferential	inferential	ADJ
cjfa-41512	147	62	statistics	statistic	NOUN
cjfa-41512	147	63	are	be	AUX
cjfa-41512	147	64	presented	present	VERB
cjfa-41512	147	65	in	in	ADP
cjfa-41512	147	66	this	this	DET
cjfa-41512	147	67	section	section	NOUN
cjfa-41512	147	68	table	table	NOUN
cjfa-41512	147	69	1	1	NUM
cjfa-41512	147	70	.	.	PUNCT
cjfa-41512	147	71	descriptive	descriptive	ADJ
cjfa-41512	147	72	statistics	statistic	NOUN
cjfa-41512	147	73	div_yild	div_yild	PUNCT
cjfa-41512	148	1	=	=	PUNCT
cjfa-41512	148	2	dividend	dividend	NOUN
cjfa-41512	148	3	yield	yield	NOUN
cjfa-41512	148	4	dps	dps	NOUN
cjfa-41512	148	5	=	=	PUNCT
cjfa-41512	148	6	dividend	dividend	NOUN
cjfa-41512	148	7	per	per	ADP
cjfa-41512	148	8	share	share	NOUN
cjfa-41512	148	9	fsiz	fsiz	PROPN
cjfa-41512	148	10	=	=	PUNCT
cjfa-41512	148	11	firm	firm	ADJ
cjfa-41512	148	12	size	size	NOUN
cjfa-41512	148	13	firm_ag	firm_ag	NOUN
cjfa-41512	148	14	=	=	SYM
cjfa-41512	148	15	firm	firm	ADJ
cjfa-41512	148	16	age	age	NOUN
cjfa-41512	148	17	β0	β0	NOUN
cjfa-41512	148	18	=	=	PUNCT
cjfa-41512	148	19	constant	constant	ADJ
cjfa-41512	148	20	or	or	CCONJ
cjfa-41512	148	21	intercept	intercept	NOUN
cjfa-41512	148	22	of	of	ADP
cjfa-41512	148	23	regression	regression	NOUN
cjfa-41512	148	24	equation	equation	NOUN
cjfa-41512	148	25	β1	β1	PROPN
cjfa-41512	148	26	,	,	PUNCT
cjfa-41512	148	27	β2	β2	NOUN
cjfa-41512	148	28	,	,	PUNCT
cjfa-41512	148	29	β3	β3	PROPN
cjfa-41512	148	30	,	,	PUNCT
cjfa-41512	148	31	β4	β4	PROPN
cjfa-41512	148	32	,	,	PUNCT
cjfa-41512	148	33	β5	β5	NOUN
cjfa-41512	148	34	=	=	PUNCT
cjfa-41512	148	35	beta	beta	ADJ
cjfa-41512	148	36	coefficients	coefficient	NOUN
cjfa-41512	148	37	of	of	ADP
cjfa-41512	148	38	the	the	DET
cjfa-41512	148	39	regression	regression	NOUN
cjfa-41512	148	40	equation	equation	NOUN
cjfa-41512	148	41	µ	µ	X
cjfa-41512	148	42	=	=	NOUN
cjfa-41512	148	43	error	error	NOUN
cjfa-41512	148	44	term	term	NOUN
cjfa-41512	148	45	to	to	PART
cjfa-41512	148	46	capture	capture	VERB
cjfa-41512	148	47	variations	variation	NOUN
cjfa-41512	148	48	in	in	ADP
cjfa-41512	148	49	the	the	DET
cjfa-41512	148	50	model	model	NOUN
cjfa-41512	148	51	empirical	empirical	ADJ
cjfa-41512	148	52	results	result	NOUN
cjfa-41512	148	53	and	and	CCONJ
cjfa-41512	148	54	discussion	discussion	NOUN
cjfa-41512	148	55	of	of	ADP
cjfa-41512	148	56	findings	finding	NOUN
cjfa-41512	148	57	results	result	NOUN
cjfa-41512	148	58	of	of	ADP
cjfa-41512	148	59	descriptive	descriptive	ADJ
cjfa-41512	148	60	,	,	PUNCT
cjfa-41512	148	61	diagnostics	diagnostic	NOUN
cjfa-41512	148	62	tests	test	NOUN
cjfa-41512	148	63	and	and	CCONJ
cjfa-41512	148	64	inferential	inferential	ADJ
cjfa-41512	148	65	statistics	statistic	NOUN
cjfa-41512	148	66	are	be	AUX
cjfa-41512	148	67	presented	present	VERB
cjfa-41512	148	68	in	in	ADP
cjfa-41512	148	69	this	this	DET
cjfa-41512	148	70	section	section	NOUN
cjfa-41512	148	71	table	table	NOUN
cjfa-41512	148	72	1	1	NUM
cjfa-41512	148	73	.	.	PUNCT
cjfa-41512	148	74	descriptive	descriptive	ADJ
cjfa-41512	148	75	statistics	statistic	NOUN
cjfa-41512	148	76	stats	stat	VERB
cjfa-41512	148	77	|	|	ADV
cjfa-41512	148	78	mps	mp	NOUN
cjfa-41512	148	79	div_pout	div_pout	ADP
cjfa-41512	148	80	div_yild	div_yild	X
cjfa-41512	148	81	dps	dps	PROPN
cjfa-41512	148	82	fsiz_l	fsiz_l	PUNCT
cjfa-41512	149	1	~	~	PROPN
cjfa-41512	149	2	t	t	PROPN
cjfa-41512	149	3	firm_ag	firm_ag	VERB
cjfa-41512	149	4	---------+-----------------------------------------------------------	---------+-----------------------------------------------------------	INTJ
cjfa-41512	149	5	mean	mean	VERB
cjfa-41512	149	6	|	|	ADV
cjfa-41512	149	7	67.07277	67.07277	NUM
cjfa-41512	149	8	43.33742	43.33742	NUM
cjfa-41512	149	9	3.709662	3.709662	NUM
cjfa-41512	149	10	2.021896	2.021896	NUM
cjfa-41512	149	11	7.340908	7.340908	NUM
cjfa-41512	149	12	30.80645	30.80645	NUM
cjfa-41512	149	13	sd	sd	ADP
cjfa-41512	149	14	|	|	ADV
cjfa-41512	149	15	218.8303	218.8303	NUM
cjfa-41512	149	16	139.2547	139.2547	NUM
cjfa-41512	149	17	4.958809	4.958809	NUM
cjfa-41512	149	18	6.751149	6.751149	NUM
cjfa-41512	149	19	.8493546	.8493546	SYM
cjfa-41512	149	20	13.68729	13.68729	NUM
cjfa-41512	149	21	max	max	PROPN
cjfa-41512	149	22	|	|	CCONJ
cjfa-41512	149	23	1556	1556	NUM
cjfa-41512	149	24	1452.19	1452.19	NUM
cjfa-41512	149	25	51.7242	51.7242	NUM
cjfa-41512	149	26	61.8217	61.8217	NUM
cjfa-41512	149	27	9.2409	9.2409	NUM
cjfa-41512	149	28	55	55	NUM
cjfa-41512	149	29	min	min	NOUN
cjfa-41512	150	1	|	|	ADV
cjfa-41512	150	2	.2	.2	NUM
cjfa-41512	150	3	-935.6269	-935.6269	PROPN
cjfa-41512	150	4	0	0	NUM
cjfa-41512	150	5	0	0	NUM
cjfa-41512	150	6	5.5066	5.5066	NUM
cjfa-41512	150	7	4	4	NUM
cjfa-41512	150	8	skewness	skewness	NOUN
cjfa-41512	150	9	|	|	ADP
cjfa-41512	150	10	5.366192	5.366192	NUM
cjfa-41512	150	11	3.65652	3.65652	NUM
cjfa-41512	150	12	4.782661	4.782661	NUM
cjfa-41512	150	13	6.528816	6.528816	NUM
cjfa-41512	150	14	.1700388	.1700388	NOUN
cjfa-41512	150	15	-.6955676	-.6955676	PUNCT
cjfa-41512	150	16	kurtosis	kurtosis	VERB
cjfa-41512	150	17	|	|	ADV
cjfa-41512	150	18	32.41457	32.41457	NUM
cjfa-41512	150	19	62.74239	62.74239	NUM
cjfa-41512	150	20	42.60347	42.60347	NUM
cjfa-41512	150	21	51.3172	51.3172	NUM
cjfa-41512	150	22	2.154552	2.154552	NUM
cjfa-41512	150	23	2.128458	2.128458	NUM
cjfa-41512	151	1	n	n	CCONJ
cjfa-41512	152	1	|	|	ADV
cjfa-41512	152	2	217	217	NUM
cjfa-41512	152	3	217	217	NUM
cjfa-41512	152	4	217	217	NUM
cjfa-41512	152	5	217	217	NUM
cjfa-41512	152	6	217	217	NUM
cjfa-41512	152	7	217	217	NUM
cjfa-41512	152	8	---------------------------------------------------------------------	---------------------------------------------------------------------	NOUN
cjfa-41512	152	9	source	source	NOUN
cjfa-41512	152	10	:	:	PUNCT
cjfa-41512	152	11	extract	extract	NOUN
cjfa-41512	152	12	from	from	ADP
cjfa-41512	152	13	stata	stata	NOUN
cjfa-41512	152	14	output	output	NOUN
cjfa-41512	152	15	.	.	PUNCT
cjfa-41512	153	1	descriptive	descriptive	ADJ
cjfa-41512	153	2	statistics	statistic	NOUN
cjfa-41512	153	3	in	in	ADP
cjfa-41512	153	4	table	table	NOUN
cjfa-41512	153	5	1	1	NUM
cjfa-41512	153	6	,	,	PUNCT
cjfa-41512	153	7	descriptive	descriptive	ADJ
cjfa-41512	153	8	statistics	statistic	NOUN
cjfa-41512	153	9	are	be	AUX
cjfa-41512	153	10	used	use	VERB
cjfa-41512	153	11	to	to	PART
cjfa-41512	153	12	describe	describe	VERB
cjfa-41512	153	13	the	the	DET
cjfa-41512	153	14	features	feature	NOUN
cjfa-41512	153	15	of	of	ADP
cjfa-41512	153	16	each	each	DET
cjfa-41512	153	17	variable	variable	NOUN
cjfa-41512	153	18	used	use	VERB
cjfa-41512	153	19	in	in	ADP
cjfa-41512	153	20	the	the	DET
cjfa-41512	153	21	study	study	NOUN
cjfa-41512	153	22	.	.	PUNCT
cjfa-41512	154	1	market	market	NOUN
cjfa-41512	154	2	price	price	NOUN
cjfa-41512	154	3	per	per	ADP
cjfa-41512	154	4	share	share	NOUN
cjfa-41512	154	5	ranged	range	VERB
cjfa-41512	154	6	between	between	ADP
cjfa-41512	154	7	n1556	n1556	PROPN
cjfa-41512	154	8	and	and	CCONJ
cjfa-41512	154	9	n0.20	n0.20	NOUN
cjfa-41512	154	10	with	with	ADP
cjfa-41512	154	11	average	average	ADJ
cjfa-41512	154	12	value	value	NOUN
cjfa-41512	154	13	of	of	ADP
cjfa-41512	154	14	n0.67	n0.67	PROPN
cjfa-41512	154	15	with	with	ADP
cjfa-41512	154	16	standard	standard	ADJ
cjfa-41512	154	17	deviation	deviation	NOUN
cjfa-41512	154	18	of	of	ADP
cjfa-41512	154	19	n218.83	n218.83	NOUN
cjfa-41512	154	20	.	.	PUNCT
cjfa-41512	155	1	this	this	DET
cjfa-41512	155	2	result	result	NOUN
cjfa-41512	155	3	indicates	indicate	VERB
cjfa-41512	155	4	wide	wide	ADJ
cjfa-41512	155	5	variation	variation	NOUN
cjfa-41512	155	6	in	in	ADP
cjfa-41512	155	7	the	the	DET
cjfa-41512	155	8	market	market	NOUN
cjfa-41512	155	9	price	price	NOUN
cjfa-41512	155	10	of	of	ADP
cjfa-41512	155	11	shares	share	NOUN
cjfa-41512	155	12	of	of	ADP
cjfa-41512	155	13	selected	select	VERB
cjfa-41512	155	14	firms	firm	NOUN
cjfa-41512	155	15	.	.	PUNCT
cjfa-41512	156	1	investors	investor	NOUN
cjfa-41512	156	2	are	be	AUX
cjfa-41512	156	3	willing	willing	ADJ
cjfa-41512	156	4	to	to	PART
cjfa-41512	156	5	pay	pay	VERB
cjfa-41512	156	6	as	as	ADV
cjfa-41512	156	7	high	high	ADJ
cjfa-41512	156	8	as	as	ADP
cjfa-41512	156	9	n1556	n1556	PROPN
cjfa-41512	156	10	for	for	ADP
cjfa-41512	156	11	some	some	DET
cjfa-41512	156	12	firms	firm	NOUN
cjfa-41512	156	13	,	,	PUNCT
cjfa-41512	156	14	and	and	CCONJ
cjfa-41512	156	15	as	as	ADV
cjfa-41512	156	16	low	low	ADJ
cjfa-41512	156	17	as	as	ADP
cjfa-41512	156	18	n0.20	n0.20	NOUN
cjfa-41512	156	19	for	for	ADP
cjfa-41512	156	20	some	some	DET
cjfa-41512	156	21	firms	firm	NOUN
cjfa-41512	156	22	.	.	PUNCT
cjfa-41512	157	1	in	in	ADP
cjfa-41512	157	2	the	the	DET
cjfa-41512	157	3	case	case	NOUN
cjfa-41512	157	4	of	of	ADP
cjfa-41512	157	5	the	the	DET
cjfa-41512	157	6	explanatory	explanatory	ADJ
cjfa-41512	157	7	variables	variable	NOUN
cjfa-41512	157	8	,	,	PUNCT
cjfa-41512	157	9	average	average	ADJ
cjfa-41512	157	10	dividend	dividend	NOUN
cjfa-41512	157	11	payout	payout	NOUN
cjfa-41512	157	12	ratio	ratio	NOUN
cjfa-41512	157	13	of	of	ADP
cjfa-41512	157	14	sampled	sample	VERB
cjfa-41512	157	15	firms	firm	NOUN
cjfa-41512	157	16	is	be	AUX
cjfa-41512	157	17	n0.43	n0.43	PROPN
cjfa-41512	157	18	while	while	SCONJ
cjfa-41512	157	19	the	the	DET
cjfa-41512	157	20	minimum	minimum	NOUN
cjfa-41512	157	21	value	value	NOUN
cjfa-41512	157	22	is	be	AUX
cjfa-41512	157	23	(	(	PUNCT
cjfa-41512	157	24	n935.62	n935.62	NOUN
cjfa-41512	157	25	)	)	PUNCT
cjfa-41512	157	26	and	and	CCONJ
cjfa-41512	157	27	the	the	DET
cjfa-41512	157	28	maximum	maximum	ADJ
cjfa-41512	157	29	value	value	NOUN
cjfa-41512	157	30	is	be	AUX
cjfa-41512	157	31	n1452.19	n1452.19	PROPN
cjfa-41512	157	32	during	during	ADP
cjfa-41512	157	33	the	the	DET
cjfa-41512	157	34	period	period	NOUN
cjfa-41512	157	35	of	of	ADP
cjfa-41512	157	36	the	the	DET
cjfa-41512	157	37	study	study	NOUN
cjfa-41512	157	38	.	.	PUNCT
cjfa-41512	158	1	this	this	DET
cjfa-41512	158	2	result	result	NOUN
cjfa-41512	158	3	shows	show	VERB
cjfa-41512	158	4	a	a	DET
cjfa-41512	158	5	significant	significant	ADJ
cjfa-41512	158	6	difference	difference	NOUN
cjfa-41512	158	7	between	between	ADP
cjfa-41512	158	8	the	the	DET
cjfa-41512	158	9	minimum	minimum	ADJ
cjfa-41512	158	10	and	and	CCONJ
cjfa-41512	158	11	maximum	maximum	ADJ
cjfa-41512	158	12	values	value	NOUN
cjfa-41512	158	13	due	due	ADP
cjfa-41512	158	14	to	to	ADP
cjfa-41512	158	15	the	the	DET
cjfa-41512	158	16	fact	fact	NOUN
cjfa-41512	158	17	that	that	SCONJ
cjfa-41512	158	18	there	there	PRON
cjfa-41512	158	19	are	be	VERB
cjfa-41512	158	20	companies	company	NOUN
cjfa-41512	158	21	which	which	PRON
cjfa-41512	158	22	did	do	AUX
cjfa-41512	158	23	not	not	PART
cjfa-41512	158	24	pay	pay	VERB
cjfa-41512	158	25	cash	cash	NOUN
cjfa-41512	158	26	dividends	dividend	NOUN
cjfa-41512	158	27	at	at	ADV
cjfa-41512	158	28	all	all	ADV
cjfa-41512	158	29	during	during	ADP
cjfa-41512	158	30	the	the	DET
cjfa-41512	158	31	period	period	NOUN
cjfa-41512	158	32	of	of	ADP
cjfa-41512	158	33	the	the	DET
cjfa-41512	158	34	study	study	NOUN
cjfa-41512	158	35	.	.	PUNCT
cjfa-41512	159	1	average	average	ADJ
cjfa-41512	159	2	dividend	dividend	NOUN
cjfa-41512	159	3	yield	yield	NOUN
cjfa-41512	159	4	of	of	ADP
cjfa-41512	159	5	selected	select	VERB
cjfa-41512	159	6	non	non	ADJ
cjfa-41512	159	7	-	-	ADJ
cjfa-41512	159	8	financial	financial	ADJ
cjfa-41512	159	9	firms	firm	NOUN
cjfa-41512	159	10	is	be	AUX
cjfa-41512	159	11	n3.71	n3.71	PROPN
cjfa-41512	159	12	with	with	ADP
cjfa-41512	159	13	the	the	DET
cjfa-41512	159	14	minimum	minimum	NOUN
cjfa-41512	159	15	of	of	ADP
cjfa-41512	159	16	n0.00	n0.00	PROPN
cjfa-41512	159	17	because	because	SCONJ
cjfa-41512	159	18	some	some	DET
cjfa-41512	159	19	companies	company	NOUN
cjfa-41512	159	20	did	do	AUX
cjfa-41512	159	21	not	not	PART
cjfa-41512	159	22	pay	pay	VERB
cjfa-41512	159	23	cash	cash	NOUN
cjfa-41512	159	24	dividend	dividend	NOUN
cjfa-41512	159	25	during	during	ADP
cjfa-41512	159	26	the	the	DET
cjfa-41512	159	27	period	period	NOUN
cjfa-41512	159	28	under	under	ADP
cjfa-41512	159	29	investigation	investigation	NOUN
cjfa-41512	159	30	with	with	ADP
cjfa-41512	159	31	maximum	maximum	NOUN
cjfa-41512	159	32	of	of	ADP
cjfa-41512	159	33	n51.72	n51.72	NOUN
cjfa-41512	159	34	and	and	CCONJ
cjfa-41512	159	35	standard	standard	NOUN
cjfa-41512	159	36	s	s	PART
cjfa-41512	159	37	o	o	NOUN
cjfa-41512	159	38	u	u	NOUN
cjfa-41512	159	39	r	r	NOUN
cjfa-41512	159	40	c	c	NOUN
cjfa-41512	159	41	e	e	NOUN
cjfa-41512	159	42	:	:	PUNCT
cjfa-41512	159	43	extract	extract	VERB
cjfa-41512	159	44	from	from	ADP
cjfa-41512	159	45	stata	stata	NOUN
cjfa-41512	159	46	output	output	NOUN
cjfa-41512	159	47	.	.	PUNCT
cjfa-41512	160	1	reaction	reaction	NOUN
cjfa-41512	160	2	of	of	ADP
cjfa-41512	160	3	share	share	NOUN
cjfa-41512	160	4	prices	price	NOUN
cjfa-41512	160	5	to	to	PART
cjfa-41512	160	6	dividend	dividend	VERB
cjfa-41512	160	7	policy	policy	NOUN
cjfa-41512	160	8	…	…	PUNCT
cjfa-41512	160	9	4141	4141	NUM
cjfa-41512	160	10	descriptive	descriptive	ADJ
cjfa-41512	160	11	statisticsdescriptive	statisticsdescriptive	ADJ
cjfa-41512	160	12	statistics	statistic	NOUN
cjfa-41512	160	13	in	in	ADP
cjfa-41512	160	14	table	table	NOUN
cjfa-41512	160	15	1	1	NUM
cjfa-41512	160	16	,	,	PUNCT
cjfa-41512	160	17	descriptive	descriptive	ADJ
cjfa-41512	160	18	statistics	statistic	NOUN
cjfa-41512	160	19	are	be	AUX
cjfa-41512	160	20	used	use	VERB
cjfa-41512	160	21	to	to	PART
cjfa-41512	160	22	describe	describe	VERB
cjfa-41512	160	23	the	the	DET
cjfa-41512	160	24	features	feature	NOUN
cjfa-41512	160	25	of	of	ADP
cjfa-41512	160	26	each	each	DET
cjfa-41512	160	27	variable	variable	NOUN
cjfa-41512	160	28	used	use	VERB
cjfa-41512	160	29	in	in	ADP
cjfa-41512	160	30	the	the	DET
cjfa-41512	160	31	study	study	NOUN
cjfa-41512	160	32	.	.	PUNCT
cjfa-41512	161	1	market	market	NOUN
cjfa-41512	161	2	price	price	NOUN
cjfa-41512	161	3	per	per	ADP
cjfa-41512	161	4	share	share	NOUN
cjfa-41512	161	5	ranged	range	VERB
cjfa-41512	161	6	between	between	ADP
cjfa-41512	161	7	n1556	n1556	PROPN
cjfa-41512	161	8	and	and	CCONJ
cjfa-41512	161	9	n0.20	n0.20	NOUN
cjfa-41512	161	10	with	with	ADP
cjfa-41512	161	11	average	average	ADJ
cjfa-41512	161	12	value	value	NOUN
cjfa-41512	161	13	of	of	ADP
cjfa-41512	161	14	n0.67	n0.67	PROPN
cjfa-41512	161	15	with	with	ADP
cjfa-41512	161	16	standard	standard	ADJ
cjfa-41512	161	17	deviation	deviation	NOUN
cjfa-41512	161	18	of	of	ADP
cjfa-41512	161	19	n218.83	n218.83	NOUN
cjfa-41512	161	20	.	.	PUNCT
cjfa-41512	162	1	this	this	DET
cjfa-41512	162	2	result	result	NOUN
cjfa-41512	162	3	indicates	indicate	VERB
cjfa-41512	162	4	wide	wide	ADJ
cjfa-41512	162	5	variation	variation	NOUN
cjfa-41512	162	6	in	in	ADP
cjfa-41512	162	7	the	the	DET
cjfa-41512	162	8	market	market	NOUN
cjfa-41512	162	9	price	price	NOUN
cjfa-41512	162	10	of	of	ADP
cjfa-41512	162	11	shares	share	NOUN
cjfa-41512	162	12	of	of	ADP
cjfa-41512	162	13	selected	select	VERB
cjfa-41512	162	14	firms	firm	NOUN
cjfa-41512	162	15	.	.	PUNCT
cjfa-41512	163	1	investors	investor	NOUN
cjfa-41512	163	2	are	be	AUX
cjfa-41512	163	3	willing	willing	ADJ
cjfa-41512	163	4	to	to	PART
cjfa-41512	163	5	pay	pay	VERB
cjfa-41512	163	6	as	as	ADV
cjfa-41512	163	7	high	high	ADJ
cjfa-41512	163	8	as	as	ADP
cjfa-41512	163	9	n1556	n1556	PROPN
cjfa-41512	163	10	for	for	ADP
cjfa-41512	163	11	some	some	DET
cjfa-41512	163	12	firms	firm	NOUN
cjfa-41512	163	13	,	,	PUNCT
cjfa-41512	163	14	and	and	CCONJ
cjfa-41512	163	15	as	as	ADV
cjfa-41512	163	16	low	low	ADJ
cjfa-41512	163	17	as	as	ADP
cjfa-41512	163	18	n0.20	n0.20	NOUN
cjfa-41512	163	19	for	for	ADP
cjfa-41512	163	20	some	some	DET
cjfa-41512	163	21	firms	firm	NOUN
cjfa-41512	163	22	.	.	PUNCT
cjfa-41512	164	1	in	in	ADP
cjfa-41512	164	2	the	the	DET
cjfa-41512	164	3	case	case	NOUN
cjfa-41512	164	4	of	of	ADP
cjfa-41512	164	5	the	the	DET
cjfa-41512	164	6	explanatory	explanatory	ADJ
cjfa-41512	164	7	variables	variable	NOUN
cjfa-41512	164	8	,	,	PUNCT
cjfa-41512	164	9	average	average	ADJ
cjfa-41512	164	10	dividend	dividend	NOUN
cjfa-41512	164	11	payout	payout	NOUN
cjfa-41512	164	12	ratio	ratio	NOUN
cjfa-41512	164	13	of	of	ADP
cjfa-41512	164	14	sampled	sample	VERB
cjfa-41512	164	15	firms	firm	NOUN
cjfa-41512	164	16	is	be	AUX
cjfa-41512	164	17	n0.43	n0.43	PROPN
cjfa-41512	164	18	while	while	SCONJ
cjfa-41512	164	19	the	the	DET
cjfa-41512	164	20	minimum	minimum	NOUN
cjfa-41512	164	21	value	value	NOUN
cjfa-41512	164	22	is	be	AUX
cjfa-41512	164	23	(	(	PUNCT
cjfa-41512	164	24	n935.62	n935.62	NOUN
cjfa-41512	164	25	)	)	PUNCT
cjfa-41512	164	26	and	and	CCONJ
cjfa-41512	164	27	the	the	DET
cjfa-41512	164	28	maximum	maximum	ADJ
cjfa-41512	164	29	value	value	NOUN
cjfa-41512	164	30	is	be	AUX
cjfa-41512	164	31	n1452.19	n1452.19	PROPN
cjfa-41512	164	32	during	during	ADP
cjfa-41512	164	33	the	the	DET
cjfa-41512	164	34	period	period	NOUN
cjfa-41512	164	35	of	of	ADP
cjfa-41512	164	36	the	the	DET
cjfa-41512	164	37	study	study	NOUN
cjfa-41512	164	38	.	.	PUNCT
cjfa-41512	165	1	this	this	DET
cjfa-41512	165	2	result	result	NOUN
cjfa-41512	165	3	shows	show	VERB
cjfa-41512	165	4	a	a	DET
cjfa-41512	165	5	significant	significant	ADJ
cjfa-41512	165	6	difference	difference	NOUN
cjfa-41512	165	7	between	between	ADP
cjfa-41512	165	8	the	the	DET
cjfa-41512	165	9	minimum	minimum	ADJ
cjfa-41512	165	10	and	and	CCONJ
cjfa-41512	165	11	maximum	maximum	ADJ
cjfa-41512	165	12	values	value	NOUN
cjfa-41512	165	13	due	due	ADP
cjfa-41512	165	14	to	to	ADP
cjfa-41512	165	15	the	the	DET
cjfa-41512	165	16	fact	fact	NOUN
cjfa-41512	165	17	that	that	SCONJ
cjfa-41512	165	18	there	there	PRON
cjfa-41512	165	19	are	be	VERB
cjfa-41512	165	20	companies	company	NOUN
cjfa-41512	165	21	which	which	PRON
cjfa-41512	165	22	did	do	AUX
cjfa-41512	165	23	not	not	PART
cjfa-41512	165	24	pay	pay	VERB
cjfa-41512	165	25	cash	cash	NOUN
cjfa-41512	165	26	dividends	dividend	NOUN
cjfa-41512	165	27	at	at	ADV
cjfa-41512	165	28	all	all	ADV
cjfa-41512	165	29	during	during	ADP
cjfa-41512	165	30	the	the	DET
cjfa-41512	165	31	period	period	NOUN
cjfa-41512	165	32	of	of	ADP
cjfa-41512	165	33	the	the	DET
cjfa-41512	165	34	study	study	NOUN
cjfa-41512	165	35	.	.	PUNCT
cjfa-41512	166	1	average	average	ADJ
cjfa-41512	166	2	dividend	dividend	NOUN
cjfa-41512	166	3	yield	yield	NOUN
cjfa-41512	166	4	of	of	ADP
cjfa-41512	166	5	selected	select	VERB
cjfa-41512	166	6	non	non	ADJ
cjfa-41512	166	7	-	-	ADJ
cjfa-41512	166	8	financial	financial	ADJ
cjfa-41512	166	9	firms	firm	NOUN
cjfa-41512	166	10	is	be	AUX
cjfa-41512	166	11	n3.71	n3.71	PROPN
cjfa-41512	166	12	with	with	ADP
cjfa-41512	166	13	the	the	DET
cjfa-41512	166	14	minimum	minimum	NOUN
cjfa-41512	166	15	of	of	ADP
cjfa-41512	166	16	n0.00	n0.00	PROPN
cjfa-41512	166	17	because	because	SCONJ
cjfa-41512	166	18	some	some	DET
cjfa-41512	166	19	companies	company	NOUN
cjfa-41512	166	20	did	do	AUX
cjfa-41512	166	21	not	not	PART
cjfa-41512	166	22	pay	pay	VERB
cjfa-41512	166	23	cash	cash	NOUN
cjfa-41512	166	24	dividend	dividend	NOUN
cjfa-41512	166	25	during	during	ADP
cjfa-41512	166	26	the	the	DET
cjfa-41512	166	27	period	period	NOUN
cjfa-41512	166	28	under	under	ADP
cjfa-41512	166	29	investigation	investigation	NOUN
cjfa-41512	166	30	with	with	ADP
cjfa-41512	166	31	maximum	maximum	NOUN
cjfa-41512	166	32	of	of	ADP
cjfa-41512	166	33	n51.72	n51.72	NOUN
cjfa-41512	166	34	and	and	CCONJ
cjfa-41512	166	35	standard	standard	ADJ
cjfa-41512	166	36	deviation	deviation	NOUN
cjfa-41512	166	37	of	of	ADP
cjfa-41512	166	38	n4.95	n4.95	PROPN
cjfa-41512	166	39	.	.	PUNCT
cjfa-41512	167	1	the	the	DET
cjfa-41512	167	2	result	result	NOUN
cjfa-41512	167	3	further	far	ADV
cjfa-41512	167	4	reveals	reveal	VERB
cjfa-41512	167	5	standard	standard	ADJ
cjfa-41512	167	6	deviation	deviation	NOUN
cjfa-41512	167	7	,	,	PUNCT
cjfa-41512	167	8	maximum	maximum	ADJ
cjfa-41512	167	9	,	,	PUNCT
cjfa-41512	167	10	minimum	minimum	ADJ
cjfa-41512	167	11	and	and	CCONJ
cjfa-41512	167	12	mean	mean	ADJ
cjfa-41512	167	13	values	value	NOUN
cjfa-41512	167	14	for	for	ADP
cjfa-41512	167	15	dividend	dividend	NOUN
cjfa-41512	167	16	per	per	ADP
cjfa-41512	167	17	share	share	NOUN
cjfa-41512	167	18	stood	stand	VERB
cjfa-41512	167	19	at	at	ADP
cjfa-41512	167	20	6.75	6.75	NUM
cjfa-41512	167	21	,	,	PUNCT
cjfa-41512	167	22	61.82	61.82	NUM
cjfa-41512	167	23	,	,	PUNCT
cjfa-41512	167	24	0	0	NUM
cjfa-41512	167	25	and	and	CCONJ
cjfa-41512	167	26	2.02	2.02	NUM
cjfa-41512	167	27	respectively	respectively	ADV
cjfa-41512	167	28	.	.	PUNCT
cjfa-41512	168	1	the	the	DET
cjfa-41512	168	2	maximum	maximum	ADJ
cjfa-41512	168	3	(	(	PUNCT
cjfa-41512	168	4	9.24	9.24	NUM
cjfa-41512	168	5	)	)	PUNCT
cjfa-41512	168	6	and	and	CCONJ
cjfa-41512	168	7	minimum	minimum	NOUN
cjfa-41512	168	8	(	(	PUNCT
cjfa-41512	168	9	5.50	5.50	NUM
cjfa-41512	168	10	)	)	PUNCT
cjfa-41512	168	11	values	value	NOUN
cjfa-41512	168	12	of	of	ADP
cjfa-41512	168	13	firm	firm	ADJ
cjfa-41512	168	14	size	size	NOUN
cjfa-41512	168	15	as	as	SCONJ
cjfa-41512	168	16	assessed	assess	VERB
cjfa-41512	168	17	in	in	ADP
cjfa-41512	168	18	terms	term	NOUN
cjfa-41512	168	19	of	of	ADP
cjfa-41512	168	20	the	the	DET
cjfa-41512	168	21	log	log	NOUN
cjfa-41512	168	22	of	of	ADP
cjfa-41512	168	23	total	total	ADJ
cjfa-41512	168	24	assets	asset	NOUN
cjfa-41512	168	25	do	do	AUX
cjfa-41512	168	26	not	not	PART
cjfa-41512	168	27	show	show	VERB
cjfa-41512	168	28	a	a	DET
cjfa-41512	168	29	considerably	considerably	ADV
cjfa-41512	168	30	wider	wide	ADJ
cjfa-41512	168	31	difference	difference	NOUN
cjfa-41512	168	32	.	.	PUNCT
cjfa-41512	169	1	this	this	PRON
cjfa-41512	169	2	indicates	indicate	VERB
cjfa-41512	169	3	that	that	SCONJ
cjfa-41512	169	4	the	the	DET
cjfa-41512	169	5	majority	majority	NOUN
cjfa-41512	169	6	of	of	ADP
cjfa-41512	169	7	the	the	DET
cjfa-41512	169	8	companies	company	NOUN
cjfa-41512	169	9	in	in	ADP
cjfa-41512	169	10	the	the	DET
cjfa-41512	169	11	study	study	NOUN
cjfa-41512	169	12	are	be	AUX
cjfa-41512	169	13	of	of	ADP
cjfa-41512	169	14	similar	similar	ADJ
cjfa-41512	169	15	size	size	NOUN
cjfa-41512	169	16	.	.	PUNCT
cjfa-41512	170	1	the	the	DET
cjfa-41512	170	2	sampled	sample	VERB
cjfa-41512	170	3	firms	firm	NOUN
cjfa-41512	170	4	’	'	PUNCT
cjfa-41512	170	5	average	average	ADJ
cjfa-41512	170	6	age	age	NOUN
cjfa-41512	170	7	is	be	AUX
cjfa-41512	170	8	30	30	NUM
cjfa-41512	170	9	years	year	NOUN
cjfa-41512	170	10	,	,	PUNCT
cjfa-41512	170	11	with	with	ADP
cjfa-41512	170	12	a	a	DET
cjfa-41512	170	13	standard	standard	ADJ
cjfa-41512	170	14	deviation	deviation	NOUN
cjfa-41512	170	15	of	of	ADP
cjfa-41512	170	16	13	13	NUM
cjfa-41512	170	17	years	year	NOUN
cjfa-41512	170	18	.	.	PUNCT
cjfa-41512	171	1	according	accord	VERB
cjfa-41512	171	2	to	to	ADP
cjfa-41512	171	3	the	the	DET
cjfa-41512	171	4	maximum	maximum	ADJ
cjfa-41512	171	5	and	and	CCONJ
cjfa-41512	171	6	minimum	minimum	ADJ
cjfa-41512	171	7	values	value	NOUN
cjfa-41512	171	8	of	of	ADP
cjfa-41512	171	9	the	the	DET
cjfa-41512	171	10	firm	firm	ADJ
cjfa-41512	171	11	age	age	NOUN
cjfa-41512	171	12	,	,	PUNCT
cjfa-41512	171	13	the	the	DET
cjfa-41512	171	14	oldest	old	ADJ
cjfa-41512	171	15	firm	firm	NOUN
cjfa-41512	171	16	in	in	ADP
cjfa-41512	171	17	the	the	DET
cjfa-41512	171	18	sample	sample	NOUN
cjfa-41512	171	19	is	be	AUX
cjfa-41512	171	20	55	55	NUM
cjfa-41512	171	21	years	year	NOUN
cjfa-41512	171	22	old	old	ADJ
cjfa-41512	171	23	,	,	PUNCT
cjfa-41512	171	24	but	but	CCONJ
cjfa-41512	171	25	some	some	DET
cjfa-41512	171	26	new	new	ADJ
cjfa-41512	171	27	firms	firm	NOUN
cjfa-41512	171	28	that	that	PRON
cjfa-41512	171	29	are	be	AUX
cjfa-41512	171	30	4	4	NUM
cjfa-41512	171	31	years	year	NOUN
cjfa-41512	171	32	old	old	ADJ
cjfa-41512	171	33	are	be	AUX
cjfa-41512	171	34	also	also	ADV
cjfa-41512	171	35	included	include	VERB
cjfa-41512	171	36	in	in	ADP
cjfa-41512	171	37	the	the	DET
cjfa-41512	171	38	study	study	NOUN
cjfa-41512	171	39	.	.	PUNCT
cjfa-41512	172	1	except	except	SCONJ
cjfa-41512	172	2	for	for	ADP
cjfa-41512	172	3	firm	firm	ADJ
cjfa-41512	172	4	age	age	NOUN
cjfa-41512	172	5	,	,	PUNCT
cjfa-41512	172	6	all	all	PRON
cjfa-41512	172	7	of	of	ADP
cjfa-41512	172	8	the	the	DET
cjfa-41512	172	9	variables	variable	NOUN
cjfa-41512	172	10	in	in	ADP
cjfa-41512	172	11	the	the	DET
cjfa-41512	172	12	model	model	NOUN
cjfa-41512	172	13	are	be	AUX
cjfa-41512	172	14	positively	positively	ADV
cjfa-41512	172	15	skewed	skewed	ADJ
cjfa-41512	172	16	,	,	PUNCT
cjfa-41512	172	17	according	accord	VERB
cjfa-41512	172	18	to	to	ADP
cjfa-41512	172	19	the	the	DET
cjfa-41512	172	20	skewness	skewness	NOUN
cjfa-41512	172	21	finding	finding	NOUN
cjfa-41512	172	22	.	.	PUNCT
cjfa-41512	173	1	which	which	PRON
cjfa-41512	173	2	means	mean	VERB
cjfa-41512	173	3	that	that	SCONJ
cjfa-41512	173	4	there	there	PRON
cjfa-41512	173	5	are	be	VERB
cjfa-41512	173	6	higher	high	ADJ
cjfa-41512	173	7	values	value	NOUN
cjfa-41512	173	8	above	above	ADP
cjfa-41512	173	9	the	the	DET
cjfa-41512	173	10	sample	sample	NOUN
cjfa-41512	173	11	mean	mean	VERB
cjfa-41512	173	12	.	.	PUNCT
cjfa-41512	174	1	this	this	DET
cjfa-41512	174	2	finding	finding	NOUN
cjfa-41512	174	3	is	be	AUX
cjfa-41512	174	4	consistent	consistent	ADJ
cjfa-41512	174	5	with	with	ADP
cjfa-41512	174	6	the	the	DET
cjfa-41512	174	7	kurtosis	kurtosis	NOUN
cjfa-41512	174	8	result	result	NOUN
cjfa-41512	174	9	,	,	PUNCT
cjfa-41512	174	10	which	which	PRON
cjfa-41512	174	11	indicates	indicate	VERB
cjfa-41512	174	12	that	that	SCONJ
cjfa-41512	174	13	the	the	DET
cjfa-41512	174	14	data	datum	NOUN
cjfa-41512	174	15	utilized	utilize	VERB
cjfa-41512	174	16	in	in	ADP
cjfa-41512	174	17	the	the	DET
cjfa-41512	174	18	study	study	NOUN
cjfa-41512	174	19	is	be	AUX
cjfa-41512	174	20	leptokurtic	leptokurtic	ADJ
cjfa-41512	174	21	since	since	SCONJ
cjfa-41512	174	22	three	three	NUM
cjfa-41512	174	23	of	of	ADP
cjfa-41512	174	24	the	the	DET
cjfa-41512	174	25	five	five	NUM
cjfa-41512	174	26	variables	variable	NOUN
cjfa-41512	174	27	have	have	VERB
cjfa-41512	174	28	greater	great	ADJ
cjfa-41512	174	29	values	value	NOUN
cjfa-41512	174	30	than	than	ADP
cjfa-41512	174	31	the	the	DET
cjfa-41512	174	32	normal	normal	ADJ
cjfa-41512	174	33	distribution	distribution	NOUN
cjfa-41512	174	34	’s	’s	PART
cjfa-41512	174	35	value	value	NOUN
cjfa-41512	174	36	of	of	ADP
cjfa-41512	174	37	three	three	NUM
cjfa-41512	174	38	(	(	PUNCT
cjfa-41512	174	39	3	3	NUM
cjfa-41512	174	40	)	)	PUNCT
cjfa-41512	174	41	.	.	PUNCT
cjfa-41512	175	1	normality	normality	NOUN
cjfa-41512	175	2	testnormality	testnormality	NOUN
cjfa-41512	175	3	test	test	NOUN
cjfa-41512	175	4	normality	normality	NOUN
cjfa-41512	175	5	of	of	ADP
cjfa-41512	175	6	data	datum	NOUN
cjfa-41512	175	7	is	be	AUX
cjfa-41512	175	8	often	often	ADV
cjfa-41512	175	9	tested	test	VERB
cjfa-41512	175	10	in	in	ADP
cjfa-41512	175	11	order	order	NOUN
cjfa-41512	175	12	to	to	PART
cjfa-41512	175	13	ensure	ensure	VERB
cjfa-41512	175	14	that	that	SCONJ
cjfa-41512	175	15	the	the	DET
cjfa-41512	175	16	normality	normality	NOUN
cjfa-41512	175	17	assumption	assumption	NOUN
cjfa-41512	175	18	of	of	ADP
cjfa-41512	175	19	regression	regression	NOUN
cjfa-41512	175	20	is	be	AUX
cjfa-41512	175	21	satisfied	satisfied	ADJ
cjfa-41512	175	22	.	.	PUNCT
cjfa-41512	176	1	normality	normality	NOUN
cjfa-41512	176	2	of	of	ADP
cjfa-41512	176	3	data	datum	NOUN
cjfa-41512	176	4	is	be	AUX
cjfa-41512	176	5	usually	usually	ADV
cjfa-41512	176	6	checked	check	VERB
cjfa-41512	176	7	to	to	PART
cjfa-41512	176	8	ensure	ensure	VERB
cjfa-41512	176	9	that	that	SCONJ
cjfa-41512	176	10	the	the	DET
cjfa-41512	176	11	regression	regression	NOUN
cjfa-41512	176	12	’s	’s	PART
cjfa-41512	176	13	normality	normality	NOUN
cjfa-41512	176	14	assumption	assumption	NOUN
cjfa-41512	176	15	is	be	AUX
cjfa-41512	176	16	met	meet	VERB
cjfa-41512	176	17	.	.	PUNCT
cjfa-41512	177	1	the	the	DET
cjfa-41512	177	2	result	result	NOUN
cjfa-41512	177	3	presented	present	VERB
cjfa-41512	177	4	in	in	ADP
cjfa-41512	177	5	table	table	NOUN
cjfa-41512	177	6	2	2	NUM
cjfa-41512	177	7	.	.	PUNCT
cjfa-41512	177	8	n.a	n.a	PROPN
cjfa-41512	177	9	.	.	PROPN
cjfa-41512	177	10	emeka	emeka	PROPN
cjfa-41512	177	11	-	-	PUNCT
cjfa-41512	177	12	nwokeji	nwokeji	PROPN
cjfa-41512	177	13	,	,	PUNCT
cjfa-41512	177	14	e.	e.	PROPN
cjfa-41512	177	15	nangih	nangih	PROPN
cjfa-41512	177	16	,	,	PUNCT
cjfa-41512	177	17	c.o	c.o	PROPN
cjfa-41512	177	18	.	.	PROPN
cjfa-41512	177	19	chiedu	chiedu	PROPN
cjfa-41512	177	20	,	,	PUNCT
cjfa-41512	177	21	e.n	e.n	PROPN
cjfa-41512	177	22	.	.	PROPN
cjfa-41512	177	23	ekwunife4242	ekwunife4242	PROPN
cjfa-41512	177	24	table	table	NOUN
cjfa-41512	177	25	2	2	NUM
cjfa-41512	177	26	.	.	PUNCT
cjfa-41512	177	27	normality	normality	NOUN
cjfa-41512	177	28	test	test	NOUN
cjfa-41512	177	29	cash	cash	NOUN
cjfa-41512	177	30	dividend	dividend	NOUN
cjfa-41512	177	31	during	during	ADP
cjfa-41512	177	32	the	the	DET
cjfa-41512	177	33	period	period	NOUN
cjfa-41512	177	34	under	under	ADP
cjfa-41512	177	35	investigation	investigation	NOUN
cjfa-41512	177	36	with	with	ADP
cjfa-41512	177	37	maximum	maximum	NOUN
cjfa-41512	177	38	of	of	ADP
cjfa-41512	177	39	n51.72	n51.72	NOUN
cjfa-41512	177	40	and	and	CCONJ
cjfa-41512	177	41	standard	standard	ADJ
cjfa-41512	177	42	deviation	deviation	NOUN
cjfa-41512	177	43	of	of	ADP
cjfa-41512	177	44	n4.95	n4.95	PROPN
cjfa-41512	177	45	.	.	PUNCT
cjfa-41512	178	1	the	the	DET
cjfa-41512	178	2	result	result	NOUN
cjfa-41512	178	3	further	far	ADV
cjfa-41512	178	4	reveals	reveal	VERB
cjfa-41512	178	5	standard	standard	ADJ
cjfa-41512	178	6	deviation	deviation	NOUN
cjfa-41512	178	7	,	,	PUNCT
cjfa-41512	178	8	maximum	maximum	ADJ
cjfa-41512	178	9	,	,	PUNCT
cjfa-41512	178	10	minimum	minimum	ADJ
cjfa-41512	178	11	and	and	CCONJ
cjfa-41512	178	12	mean	mean	ADJ
cjfa-41512	178	13	values	value	NOUN
cjfa-41512	178	14	for	for	ADP
cjfa-41512	178	15	dividend	dividend	NOUN
cjfa-41512	178	16	per	per	ADP
cjfa-41512	178	17	share	share	NOUN
cjfa-41512	178	18	stood	stand	VERB
cjfa-41512	178	19	at	at	ADP
cjfa-41512	178	20	6.75	6.75	NUM
cjfa-41512	178	21	,	,	PUNCT
cjfa-41512	178	22	61.82	61.82	NUM
cjfa-41512	178	23	,	,	PUNCT
cjfa-41512	178	24	0	0	NUM
cjfa-41512	178	25	and	and	CCONJ
cjfa-41512	178	26	2.02	2.02	NUM
cjfa-41512	178	27	respectively	respectively	ADV
cjfa-41512	178	28	.	.	PUNCT
cjfa-41512	179	1	the	the	DET
cjfa-41512	179	2	maximum	maximum	ADJ
cjfa-41512	179	3	(	(	PUNCT
cjfa-41512	179	4	9.24	9.24	NUM
cjfa-41512	179	5	)	)	PUNCT
cjfa-41512	179	6	and	and	CCONJ
cjfa-41512	179	7	minimum	minimum	NOUN
cjfa-41512	179	8	(	(	PUNCT
cjfa-41512	179	9	5.50	5.50	NUM
cjfa-41512	179	10	)	)	PUNCT
cjfa-41512	179	11	values	value	NOUN
cjfa-41512	179	12	of	of	ADP
cjfa-41512	179	13	firm	firm	ADJ
cjfa-41512	179	14	size	size	NOUN
cjfa-41512	179	15	as	as	SCONJ
cjfa-41512	179	16	assessed	assess	VERB
cjfa-41512	179	17	in	in	ADP
cjfa-41512	179	18	terms	term	NOUN
cjfa-41512	179	19	of	of	ADP
cjfa-41512	179	20	the	the	DET
cjfa-41512	179	21	log	log	NOUN
cjfa-41512	179	22	of	of	ADP
cjfa-41512	179	23	total	total	ADJ
cjfa-41512	179	24	assets	asset	NOUN
cjfa-41512	179	25	do	do	AUX
cjfa-41512	179	26	not	not	PART
cjfa-41512	179	27	show	show	VERB
cjfa-41512	179	28	a	a	DET
cjfa-41512	179	29	considerably	considerably	ADV
cjfa-41512	179	30	wider	wide	ADJ
cjfa-41512	179	31	difference	difference	NOUN
cjfa-41512	179	32	.	.	PUNCT
cjfa-41512	180	1	this	this	PRON
cjfa-41512	180	2	indicates	indicate	VERB
cjfa-41512	180	3	that	that	SCONJ
cjfa-41512	180	4	the	the	DET
cjfa-41512	180	5	majority	majority	NOUN
cjfa-41512	180	6	of	of	ADP
cjfa-41512	180	7	the	the	DET
cjfa-41512	180	8	companies	company	NOUN
cjfa-41512	180	9	in	in	ADP
cjfa-41512	180	10	the	the	DET
cjfa-41512	180	11	study	study	NOUN
cjfa-41512	180	12	are	be	AUX
cjfa-41512	180	13	of	of	ADP
cjfa-41512	180	14	similar	similar	ADJ
cjfa-41512	180	15	size	size	NOUN
cjfa-41512	180	16	.	.	PUNCT
cjfa-41512	181	1	the	the	DET
cjfa-41512	181	2	sampled	sample	VERB
cjfa-41512	181	3	firms	firm	NOUN
cjfa-41512	181	4	’	'	PUNCT
cjfa-41512	181	5	average	average	ADJ
cjfa-41512	181	6	age	age	NOUN
cjfa-41512	181	7	is	be	AUX
cjfa-41512	181	8	30	30	NUM
cjfa-41512	181	9	years	year	NOUN
cjfa-41512	181	10	,	,	PUNCT
cjfa-41512	181	11	with	with	ADP
cjfa-41512	181	12	a	a	DET
cjfa-41512	181	13	standard	standard	ADJ
cjfa-41512	181	14	deviation	deviation	NOUN
cjfa-41512	181	15	of	of	ADP
cjfa-41512	181	16	13	13	NUM
cjfa-41512	181	17	years	year	NOUN
cjfa-41512	181	18	.	.	PUNCT
cjfa-41512	182	1	according	accord	VERB
cjfa-41512	182	2	to	to	ADP
cjfa-41512	182	3	the	the	DET
cjfa-41512	182	4	maximum	maximum	ADJ
cjfa-41512	182	5	and	and	CCONJ
cjfa-41512	182	6	minimum	minimum	ADJ
cjfa-41512	182	7	values	value	NOUN
cjfa-41512	182	8	of	of	ADP
cjfa-41512	182	9	the	the	DET
cjfa-41512	182	10	firm	firm	ADJ
cjfa-41512	182	11	age	age	NOUN
cjfa-41512	182	12	,	,	PUNCT
cjfa-41512	182	13	the	the	DET
cjfa-41512	182	14	oldest	old	ADJ
cjfa-41512	182	15	firm	firm	NOUN
cjfa-41512	182	16	in	in	ADP
cjfa-41512	182	17	the	the	DET
cjfa-41512	182	18	sample	sample	NOUN
cjfa-41512	182	19	is	be	AUX
cjfa-41512	182	20	55	55	NUM
cjfa-41512	182	21	years	year	NOUN
cjfa-41512	182	22	old	old	ADJ
cjfa-41512	182	23	,	,	PUNCT
cjfa-41512	182	24	but	but	CCONJ
cjfa-41512	182	25	some	some	DET
cjfa-41512	182	26	new	new	ADJ
cjfa-41512	182	27	firms	firm	NOUN
cjfa-41512	182	28	that	that	PRON
cjfa-41512	182	29	are	be	AUX
cjfa-41512	182	30	4	4	NUM
cjfa-41512	182	31	years	year	NOUN
cjfa-41512	182	32	old	old	ADJ
cjfa-41512	182	33	are	be	AUX
cjfa-41512	182	34	also	also	ADV
cjfa-41512	182	35	included	include	VERB
cjfa-41512	182	36	in	in	ADP
cjfa-41512	182	37	the	the	DET
cjfa-41512	182	38	study	study	NOUN
cjfa-41512	182	39	.	.	PUNCT
cjfa-41512	183	1	except	except	SCONJ
cjfa-41512	183	2	for	for	ADP
cjfa-41512	183	3	firm	firm	ADJ
cjfa-41512	183	4	age	age	NOUN
cjfa-41512	183	5	,	,	PUNCT
cjfa-41512	183	6	all	all	PRON
cjfa-41512	183	7	of	of	ADP
cjfa-41512	183	8	the	the	DET
cjfa-41512	183	9	variables	variable	NOUN
cjfa-41512	183	10	in	in	ADP
cjfa-41512	183	11	the	the	DET
cjfa-41512	183	12	model	model	NOUN
cjfa-41512	183	13	are	be	AUX
cjfa-41512	183	14	positively	positively	ADV
cjfa-41512	183	15	skewed	skewed	ADJ
cjfa-41512	183	16	,	,	PUNCT
cjfa-41512	183	17	according	accord	VERB
cjfa-41512	183	18	to	to	ADP
cjfa-41512	183	19	the	the	DET
cjfa-41512	183	20	skewness	skewness	NOUN
cjfa-41512	183	21	finding	finding	NOUN
cjfa-41512	183	22	.	.	PUNCT
cjfa-41512	184	1	which	which	PRON
cjfa-41512	184	2	means	mean	VERB
cjfa-41512	184	3	that	that	SCONJ
cjfa-41512	184	4	there	there	PRON
cjfa-41512	184	5	are	be	VERB
cjfa-41512	184	6	higher	high	ADJ
cjfa-41512	184	7	values	value	NOUN
cjfa-41512	184	8	above	above	ADP
cjfa-41512	184	9	the	the	DET
cjfa-41512	184	10	sample	sample	NOUN
cjfa-41512	184	11	mean	mean	VERB
cjfa-41512	184	12	.	.	PUNCT
cjfa-41512	185	1	this	this	DET
cjfa-41512	185	2	finding	finding	NOUN
cjfa-41512	185	3	is	be	AUX
cjfa-41512	185	4	consistent	consistent	ADJ
cjfa-41512	185	5	with	with	ADP
cjfa-41512	185	6	the	the	DET
cjfa-41512	185	7	kurtosis	kurtosis	NOUN
cjfa-41512	185	8	result	result	NOUN
cjfa-41512	185	9	,	,	PUNCT
cjfa-41512	185	10	which	which	PRON
cjfa-41512	185	11	indicates	indicate	VERB
cjfa-41512	185	12	that	that	SCONJ
cjfa-41512	185	13	the	the	DET
cjfa-41512	185	14	data	datum	NOUN
cjfa-41512	185	15	utilized	utilize	VERB
cjfa-41512	185	16	in	in	ADP
cjfa-41512	185	17	the	the	DET
cjfa-41512	185	18	study	study	NOUN
cjfa-41512	185	19	is	be	AUX
cjfa-41512	185	20	leptokurtic	leptokurtic	ADJ
cjfa-41512	185	21	since	since	SCONJ
cjfa-41512	185	22	three	three	NUM
cjfa-41512	185	23	of	of	ADP
cjfa-41512	185	24	the	the	DET
cjfa-41512	185	25	five	five	NUM
cjfa-41512	185	26	variables	variable	NOUN
cjfa-41512	185	27	have	have	VERB
cjfa-41512	185	28	greater	great	ADJ
cjfa-41512	185	29	values	value	NOUN
cjfa-41512	185	30	than	than	ADP
cjfa-41512	185	31	the	the	DET
cjfa-41512	185	32	normal	normal	ADJ
cjfa-41512	185	33	distribution	distribution	NOUN
cjfa-41512	185	34	’s	’s	PART
cjfa-41512	185	35	value	value	NOUN
cjfa-41512	185	36	of	of	ADP
cjfa-41512	185	37	three	three	NUM
cjfa-41512	185	38	(	(	PUNCT
cjfa-41512	185	39	3	3	NUM
cjfa-41512	185	40	)	)	PUNCT
cjfa-41512	185	41	.	.	PUNCT
cjfa-41512	186	1	normality	normality	NOUN
cjfa-41512	186	2	test	test	NOUN
cjfa-41512	186	3	normality	normality	NOUN
cjfa-41512	186	4	of	of	ADP
cjfa-41512	186	5	data	datum	NOUN
cjfa-41512	186	6	is	be	AUX
cjfa-41512	186	7	often	often	ADV
cjfa-41512	186	8	tested	test	VERB
cjfa-41512	186	9	in	in	ADP
cjfa-41512	186	10	order	order	NOUN
cjfa-41512	186	11	to	to	PART
cjfa-41512	186	12	ensure	ensure	VERB
cjfa-41512	186	13	that	that	SCONJ
cjfa-41512	186	14	the	the	DET
cjfa-41512	186	15	normality	normality	NOUN
cjfa-41512	186	16	assumption	assumption	NOUN
cjfa-41512	186	17	of	of	ADP
cjfa-41512	186	18	regression	regression	NOUN
cjfa-41512	186	19	is	be	AUX
cjfa-41512	186	20	satisfied	satisfied	ADJ
cjfa-41512	186	21	.	.	PUNCT
cjfa-41512	187	1	normality	normality	NOUN
cjfa-41512	187	2	of	of	ADP
cjfa-41512	187	3	data	datum	NOUN
cjfa-41512	187	4	is	be	AUX
cjfa-41512	187	5	usually	usually	ADV
cjfa-41512	187	6	checked	check	VERB
cjfa-41512	187	7	to	to	PART
cjfa-41512	187	8	ensure	ensure	VERB
cjfa-41512	187	9	that	that	SCONJ
cjfa-41512	187	10	the	the	DET
cjfa-41512	187	11	regression	regression	NOUN
cjfa-41512	187	12	’s	’s	PART
cjfa-41512	187	13	normality	normality	NOUN
cjfa-41512	187	14	assumption	assumption	NOUN
cjfa-41512	187	15	is	be	AUX
cjfa-41512	187	16	met	meet	VERB
cjfa-41512	187	17	.	.	PUNCT
cjfa-41512	188	1	the	the	DET
cjfa-41512	188	2	result	result	NOUN
cjfa-41512	188	3	presented	present	VERB
cjfa-41512	188	4	in	in	ADP
cjfa-41512	188	5	table	table	NOUN
cjfa-41512	188	6	2	2	NUM
cjfa-41512	188	7	.	.	PUNCT
cjfa-41512	188	8	table	table	NOUN
cjfa-41512	188	9	2	2	NUM
cjfa-41512	188	10	.	.	PUNCT
cjfa-41512	188	11	normality	normality	NOUN
cjfa-41512	188	12	test	test	NOUN
cjfa-41512	188	13	variable	variable	NOUN
cjfa-41512	189	1	|	|	INTJ
cjfa-41512	189	2	obs	obs	PROPN
cjfa-41512	189	3	w	w	PROPN
cjfa-41512	189	4	v	v	PROPN
cjfa-41512	189	5	z	z	PROPN
cjfa-41512	189	6	prob	prob	PROPN
cjfa-41512	189	7	>	>	PROPN
cjfa-41512	189	8	z	z	PROPN
cjfa-41512	189	9	-------------+-------------------------------------------------	-------------+-------------------------------------------------	NOUN
cjfa-41512	189	10	mps	mps	PROPN
cjfa-41512	189	11	|	|	ADV
cjfa-41512	189	12	217	217	NUM
cjfa-41512	189	13	0.29737	0.29737	NUM
cjfa-41512	189	14	112.554	112.554	NUM
cjfa-41512	189	15	10.913	10.913	NUM
cjfa-41512	189	16	0.00000	0.00000	NUM
cjfa-41512	189	17	div_pout	div_pout	ADP
cjfa-41512	189	18	|	|	ADV
cjfa-41512	189	19	217	217	NUM
cjfa-41512	189	20	0.45614	0.45614	NUM
cjfa-41512	189	21	87.121	87.121	NUM
cjfa-41512	189	22	10.321	10.321	NUM
cjfa-41512	189	23	0.00000	0.00000	NUM
cjfa-41512	189	24	div_yild	div_yild	X
cjfa-41512	189	25	|	|	ADV
cjfa-41512	189	26	217	217	NUM
cjfa-41512	189	27	0.67728	0.67728	NUM
cjfa-41512	189	28	51.697	51.697	NUM
cjfa-41512	189	29	9.115	9.115	NUM
cjfa-41512	189	30	0.00000	0.00000	NUM
cjfa-41512	189	31	dps	dps	NOUN
cjfa-41512	189	32	|	|	ADV
cjfa-41512	189	33	217	217	NUM
cjfa-41512	190	1	0.31311	0.31311	NUM
cjfa-41512	190	2	110.032	110.032	NUM
cjfa-41512	190	3	10.860	10.860	NUM
cjfa-41512	190	4	0.00000	0.00000	NUM
cjfa-41512	190	5	fsiz_logasst	fsiz_logasst	ADJ
cjfa-41512	190	6	|	|	CCONJ
cjfa-41512	190	7	217	217	NUM
cjfa-41512	190	8	0.97030	0.97030	NUM
cjfa-41512	190	9	4.757	4.757	NUM
cjfa-41512	190	10	3.603	3.603	NUM
cjfa-41512	190	11	0.00016	0.00016	NUM
cjfa-41512	190	12	firm_ag	firm_ag	VERB
cjfa-41512	190	13	|	|	ADV
cjfa-41512	190	14	217	217	NUM
cjfa-41512	190	15	0.87139	0.87139	NUM
cjfa-41512	190	16	20.603	20.603	NUM
cjfa-41512	190	17	6.990	6.990	NUM
cjfa-41512	190	18	0.00000	0.00000	NUM
cjfa-41512	190	19	source	source	NOUN
cjfa-41512	190	20	:	:	PUNCT
cjfa-41512	190	21	extract	extract	NOUN
cjfa-41512	190	22	from	from	ADP
cjfa-41512	190	23	stata	stata	NOUN
cjfa-41512	190	24	output	output	NOUN
cjfa-41512	190	25	.	.	PUNCT
cjfa-41512	191	1	the	the	DET
cjfa-41512	191	2	w	w	PROPN
cjfa-41512	191	3	statistic	statistic	NOUN
cjfa-41512	191	4	in	in	ADP
cjfa-41512	191	5	the	the	DET
cjfa-41512	191	6	shapiro	shapiro	NOUN
cjfa-41512	191	7	-	-	PUNCT
cjfa-41512	191	8	walk	walk	NOUN
cjfa-41512	191	9	test	test	NOUN
cjfa-41512	191	10	shown	show	VERB
cjfa-41512	191	11	in	in	ADP
cjfa-41512	191	12	table	table	NOUN
cjfa-41512	191	13	2	2	NUM
cjfa-41512	191	14	is	be	AUX
cjfa-41512	191	15	used	use	VERB
cjfa-41512	191	16	to	to	PART
cjfa-41512	191	17	check	check	VERB
cjfa-41512	191	18	the	the	DET
cjfa-41512	191	19	normality	normality	NOUN
cjfa-41512	191	20	assumption	assumption	NOUN
cjfa-41512	191	21	.	.	PUNCT
cjfa-41512	192	1	w	w	NOUN
cjfa-41512	192	2	is	be	AUX
cjfa-41512	192	3	positive	positive	ADJ
cjfa-41512	192	4	and	and	CCONJ
cjfa-41512	192	5	less	less	ADJ
cjfa-41512	192	6	than	than	ADP
cjfa-41512	192	7	or	or	CCONJ
cjfa-41512	192	8	equal	equal	ADJ
cjfa-41512	192	9	to	to	ADP
cjfa-41512	192	10	one	one	NUM
cjfa-41512	192	11	.	.	PUNCT
cjfa-41512	193	1	the	the	DET
cjfa-41512	193	2	normality	normality	NOUN
cjfa-41512	193	3	of	of	ADP
cjfa-41512	193	4	the	the	DET
cjfa-41512	193	5	data	data	NOUN
cjfa-41512	193	6	is	be	AUX
cjfa-41512	193	7	indicated	indicate	VERB
cjfa-41512	193	8	by	by	ADP
cjfa-41512	193	9	w	w	NOUN
cjfa-41512	193	10	being	be	AUX
cjfa-41512	193	11	close	close	ADJ
cjfa-41512	193	12	to	to	ADP
cjfa-41512	193	13	1	1	NUM
cjfa-41512	193	14	(	(	PUNCT
cjfa-41512	193	15	henderson	henderson	PROPN
cjfa-41512	193	16	,	,	PUNCT
cjfa-41512	193	17	2006	2006	NUM
cjfa-41512	193	18	;	;	PUNCT
cjfa-41512	193	19	peng	peng	PROPN
cjfa-41512	193	20	,	,	PUNCT
cjfa-41512	193	21	2004	2004	NUM
cjfa-41512	193	22	)	)	PUNCT
cjfa-41512	193	23	.	.	PUNCT
cjfa-41512	194	1	as	as	ADP
cjfa-41512	194	2	a	a	DET
cjfa-41512	194	3	result	result	NOUN
cjfa-41512	194	4	,	,	PUNCT
cjfa-41512	194	5	the	the	DET
cjfa-41512	194	6	w	w	NOUN
cjfa-41512	194	7	tests	test	NOUN
cjfa-41512	194	8	used	use	VERB
cjfa-41512	194	9	in	in	ADP
cjfa-41512	194	10	the	the	DET
cjfa-41512	194	11	study	study	NOUN
cjfa-41512	194	12	for	for	ADP
cjfa-41512	194	13	dividend	dividend	NOUN
cjfa-41512	194	14	payout	payout	NOUN
cjfa-41512	194	15	,	,	PUNCT
cjfa-41512	194	16	dividend	dividend	NOUN
cjfa-41512	194	17	yield	yield	NOUN
cjfa-41512	194	18	,	,	PUNCT
cjfa-41512	194	19	firm	firm	ADJ
cjfa-41512	194	20	size	size	NOUN
cjfa-41512	194	21	,	,	PUNCT
cjfa-41512	194	22	and	and	CCONJ
cjfa-41512	194	23	firm	firm	ADJ
cjfa-41512	194	24	age	age	NOUN
cjfa-41512	194	25	are	be	AUX
cjfa-41512	194	26	near	near	ADP
cjfa-41512	194	27	1	1	NUM
cjfa-41512	194	28	,	,	PUNCT
cjfa-41512	194	29	indicating	indicate	VERB
cjfa-41512	194	30	that	that	SCONJ
cjfa-41512	194	31	s	s	VERB
cjfa-41512	194	32	o	o	X
cjfa-41512	194	33	u	u	NOUN
cjfa-41512	194	34	r	r	NOUN
cjfa-41512	194	35	c	c	NOUN
cjfa-41512	194	36	e	e	NOUN
cjfa-41512	194	37	:	:	PUNCT
cjfa-41512	194	38	extract	extract	VERB
cjfa-41512	194	39	from	from	ADP
cjfa-41512	194	40	stata	stata	NOUN
cjfa-41512	194	41	output	output	NOUN
cjfa-41512	194	42	.	.	PUNCT
cjfa-41512	195	1	the	the	DET
cjfa-41512	195	2	w	w	PROPN
cjfa-41512	195	3	statistic	statistic	NOUN
cjfa-41512	195	4	in	in	ADP
cjfa-41512	195	5	the	the	DET
cjfa-41512	195	6	shapiro	shapiro	NOUN
cjfa-41512	195	7	-	-	PUNCT
cjfa-41512	195	8	walk	walk	NOUN
cjfa-41512	195	9	test	test	NOUN
cjfa-41512	195	10	shown	show	VERB
cjfa-41512	195	11	in	in	ADP
cjfa-41512	195	12	table	table	NOUN
cjfa-41512	195	13	2	2	NUM
cjfa-41512	195	14	is	be	AUX
cjfa-41512	195	15	used	use	VERB
cjfa-41512	195	16	to	to	PART
cjfa-41512	195	17	check	check	VERB
cjfa-41512	195	18	the	the	DET
cjfa-41512	195	19	normality	normality	NOUN
cjfa-41512	195	20	assumption	assumption	NOUN
cjfa-41512	195	21	.	.	PUNCT
cjfa-41512	196	1	w	w	NOUN
cjfa-41512	196	2	is	be	AUX
cjfa-41512	196	3	positive	positive	ADJ
cjfa-41512	196	4	and	and	CCONJ
cjfa-41512	196	5	less	less	ADJ
cjfa-41512	196	6	than	than	ADP
cjfa-41512	196	7	or	or	CCONJ
cjfa-41512	196	8	equal	equal	ADJ
cjfa-41512	196	9	to	to	ADP
cjfa-41512	196	10	one	one	NUM
cjfa-41512	196	11	.	.	PUNCT
cjfa-41512	197	1	the	the	DET
cjfa-41512	197	2	normality	normality	NOUN
cjfa-41512	197	3	of	of	ADP
cjfa-41512	197	4	the	the	DET
cjfa-41512	197	5	data	data	NOUN
cjfa-41512	197	6	is	be	AUX
cjfa-41512	197	7	indicated	indicate	VERB
cjfa-41512	197	8	by	by	ADP
cjfa-41512	197	9	w	w	NOUN
cjfa-41512	197	10	being	be	AUX
cjfa-41512	197	11	close	close	ADJ
cjfa-41512	197	12	to	to	ADP
cjfa-41512	197	13	1	1	NUM
cjfa-41512	197	14	(	(	PUNCT
cjfa-41512	197	15	henderson	henderson	PROPN
cjfa-41512	197	16	,	,	PUNCT
cjfa-41512	197	17	2006	2006	NUM
cjfa-41512	197	18	;	;	PUNCT
cjfa-41512	197	19	peng	peng	PROPN
cjfa-41512	197	20	,	,	PUNCT
cjfa-41512	197	21	2004	2004	NUM
cjfa-41512	197	22	)	)	PUNCT
cjfa-41512	197	23	.	.	PUNCT
cjfa-41512	198	1	as	as	ADP
cjfa-41512	198	2	a	a	DET
cjfa-41512	198	3	result	result	NOUN
cjfa-41512	198	4	,	,	PUNCT
cjfa-41512	198	5	the	the	DET
cjfa-41512	198	6	w	w	NOUN
cjfa-41512	198	7	tests	test	NOUN
cjfa-41512	198	8	used	use	VERB
cjfa-41512	198	9	in	in	ADP
cjfa-41512	198	10	the	the	DET
cjfa-41512	198	11	study	study	NOUN
cjfa-41512	198	12	for	for	ADP
cjfa-41512	198	13	dividend	dividend	NOUN
cjfa-41512	198	14	payout	payout	NOUN
cjfa-41512	198	15	,	,	PUNCT
cjfa-41512	198	16	dividend	dividend	NOUN
cjfa-41512	198	17	yield	yield	NOUN
cjfa-41512	198	18	,	,	PUNCT
cjfa-41512	198	19	firm	firm	ADJ
cjfa-41512	198	20	size	size	NOUN
cjfa-41512	198	21	,	,	PUNCT
cjfa-41512	198	22	and	and	CCONJ
cjfa-41512	198	23	firm	firm	ADJ
cjfa-41512	198	24	age	age	NOUN
cjfa-41512	198	25	are	be	AUX
cjfa-41512	198	26	near	near	ADP
cjfa-41512	198	27	1	1	NUM
cjfa-41512	198	28	,	,	PUNCT
cjfa-41512	198	29	indicating	indicate	VERB
cjfa-41512	198	30	that	that	SCONJ
cjfa-41512	198	31	the	the	DET
cjfa-41512	198	32	data	data	NOUN
cjfa-41512	198	33	is	be	AUX
cjfa-41512	198	34	normal	normal	ADJ
cjfa-41512	198	35	.	.	PUNCT
cjfa-41512	199	1	this	this	DET
cjfa-41512	199	2	result	result	NOUN
cjfa-41512	199	3	indicates	indicate	VERB
cjfa-41512	199	4	that	that	SCONJ
cjfa-41512	199	5	the	the	DET
cjfa-41512	199	6	data	datum	NOUN
cjfa-41512	199	7	used	use	VERB
cjfa-41512	199	8	is	be	AUX
cjfa-41512	199	9	normally	normally	ADV
cjfa-41512	199	10	distributed	distribute	VERB
cjfa-41512	199	11	,	,	PUNCT
cjfa-41512	199	12	that	that	SCONJ
cjfa-41512	199	13	no	no	DET
cjfa-41512	199	14	outliers	outlier	NOUN
cjfa-41512	199	15	exist	exist	VERB
cjfa-41512	199	16	in	in	ADP
cjfa-41512	199	17	the	the	DET
cjfa-41512	199	18	data	datum	NOUN
cjfa-41512	199	19	,	,	PUNCT
cjfa-41512	199	20	and	and	CCONJ
cjfa-41512	199	21	that	that	SCONJ
cjfa-41512	199	22	the	the	DET
cjfa-41512	199	23	analyses	analysis	NOUN
cjfa-41512	199	24	and	and	CCONJ
cjfa-41512	199	25	conclusions	conclusion	NOUN
cjfa-41512	199	26	generated	generate	VERB
cjfa-41512	199	27	from	from	ADP
cjfa-41512	199	28	it	it	PRON
cjfa-41512	199	29	are	be	AUX
cjfa-41512	199	30	valid	valid	ADJ
cjfa-41512	199	31	.	.	PUNCT
cjfa-41512	200	1	table	table	NOUN
cjfa-41512	200	2	3	3	NUM
cjfa-41512	200	3	.	.	PUNCT
cjfa-41512	200	4	correlation	correlation	NOUN
cjfa-41512	200	5	analysis	analysis	NOUN
cjfa-41512	200	6	the	the	DET
cjfa-41512	200	7	data	data	NOUN
cjfa-41512	200	8	is	be	AUX
cjfa-41512	200	9	normal	normal	ADJ
cjfa-41512	200	10	.	.	PUNCT
cjfa-41512	201	1	this	this	DET
cjfa-41512	201	2	result	result	NOUN
cjfa-41512	201	3	indicates	indicate	VERB
cjfa-41512	201	4	that	that	SCONJ
cjfa-41512	201	5	the	the	DET
cjfa-41512	201	6	data	datum	NOUN
cjfa-41512	201	7	used	use	VERB
cjfa-41512	201	8	is	be	AUX
cjfa-41512	201	9	normally	normally	ADV
cjfa-41512	201	10	distributed	distribute	VERB
cjfa-41512	201	11	,	,	PUNCT
cjfa-41512	201	12	that	that	SCONJ
cjfa-41512	201	13	no	no	DET
cjfa-41512	201	14	outliers	outlier	NOUN
cjfa-41512	201	15	exist	exist	VERB
cjfa-41512	201	16	in	in	ADP
cjfa-41512	201	17	the	the	DET
cjfa-41512	201	18	data	datum	NOUN
cjfa-41512	201	19	,	,	PUNCT
cjfa-41512	201	20	and	and	CCONJ
cjfa-41512	201	21	that	that	SCONJ
cjfa-41512	201	22	the	the	DET
cjfa-41512	201	23	analyses	analysis	NOUN
cjfa-41512	201	24	and	and	CCONJ
cjfa-41512	201	25	conclusions	conclusion	NOUN
cjfa-41512	201	26	generated	generate	VERB
cjfa-41512	201	27	from	from	ADP
cjfa-41512	201	28	it	it	PRON
cjfa-41512	201	29	are	be	AUX
cjfa-41512	201	30	valid	valid	ADJ
cjfa-41512	201	31	.	.	PUNCT
cjfa-41512	202	1	shapiro	shapiro	NOUN
cjfa-41512	202	2	-	-	PUNCT
cjfa-41512	202	3	walk	walk	NOUN
cjfa-41512	202	4	test	test	NOUN
cjfa-41512	202	5	on	on	ADP
cjfa-41512	202	6	table	table	NOUN
cjfa-41512	202	7	2	2	NUM
cjfa-41512	202	8	checks	check	NOUN
cjfa-41512	202	9	the	the	DET
cjfa-41512	202	10	normal	normal	ADJ
cjfa-41512	202	11	assumption	assumption	NOUN
cjfa-41512	202	12	by	by	ADP
cjfa-41512	202	13	constructing	construct	VERB
cjfa-41512	202	14	w	w	NOUN
cjfa-41512	202	15	statistic	statistic	NOUN
cjfa-41512	202	16	.	.	PUNCT
cjfa-41512	203	1	w	w	NOUN
cjfa-41512	203	2	is	be	AUX
cjfa-41512	203	3	positive	positive	ADJ
cjfa-41512	203	4	and	and	CCONJ
cjfa-41512	203	5	less	less	ADJ
cjfa-41512	203	6	than	than	ADP
cjfa-41512	203	7	or	or	CCONJ
cjfa-41512	203	8	equal	equal	ADJ
cjfa-41512	203	9	to	to	ADP
cjfa-41512	203	10	one	one	NUM
cjfa-41512	203	11	.	.	PUNCT
cjfa-41512	204	1	w	w	ADP
cjfa-41512	204	2	being	be	AUX
cjfa-41512	204	3	close	close	ADJ
cjfa-41512	204	4	to	to	ADP
cjfa-41512	204	5	1	1	NUM
cjfa-41512	204	6	indicate	indicate	VERB
cjfa-41512	204	7	normality	normality	NOUN
cjfa-41512	204	8	of	of	ADP
cjfa-41512	204	9	the	the	DET
cjfa-41512	204	10	data	datum	NOUN
cjfa-41512	204	11	(	(	PUNCT
cjfa-41512	204	12	henderson	henderson	PROPN
cjfa-41512	204	13	,	,	PUNCT
cjfa-41512	204	14	2006	2006	NUM
cjfa-41512	204	15	;	;	PUNCT
cjfa-41512	204	16	peng	peng	PROPN
cjfa-41512	204	17	,	,	PUNCT
cjfa-41512	204	18	2004	2004	NUM
cjfa-41512	204	19	)	)	PUNCT
cjfa-41512	204	20	.	.	PUNCT
cjfa-41512	205	1	thus	thus	ADV
cjfa-41512	205	2	,	,	PUNCT
cjfa-41512	205	3	w	w	PROPN
cjfa-41512	205	4	test	test	NOUN
cjfa-41512	205	5	of	of	ADP
cjfa-41512	205	6	0.50	0.50	NUM
cjfa-41512	205	7	,	,	PUNCT
cjfa-41512	205	8	0.68	0.68	NUM
cjfa-41512	205	9	,	,	PUNCT
cjfa-41512	205	10	0.97	0.97	NUM
cjfa-41512	205	11	and	and	CCONJ
cjfa-41512	205	12	0.87	0.87	NUM
cjfa-41512	205	13	,	,	PUNCT
cjfa-41512	205	14	respectively	respectively	ADV
cjfa-41512	205	15	for	for	ADP
cjfa-41512	205	16	dividend	dividend	NOUN
cjfa-41512	205	17	payout	payout	NOUN
cjfa-41512	205	18	,	,	PUNCT
cjfa-41512	205	19	dividend	dividend	NOUN
cjfa-41512	205	20	yield	yield	NOUN
cjfa-41512	205	21	,	,	PUNCT
cjfa-41512	205	22	firm	firm	ADJ
cjfa-41512	205	23	size	size	NOUN
cjfa-41512	205	24	and	and	CCONJ
cjfa-41512	205	25	firm	firm	ADJ
cjfa-41512	205	26	age	age	NOUN
cjfa-41512	205	27	employed	employ	VERB
cjfa-41512	205	28	in	in	ADP
cjfa-41512	205	29	the	the	DET
cjfa-41512	205	30	study	study	NOUN
cjfa-41512	205	31	are	be	AUX
cjfa-41512	205	32	close	close	ADJ
cjfa-41512	205	33	to	to	ADP
cjfa-41512	205	34	1	1	NUM
cjfa-41512	205	35	indicating	indicate	VERB
cjfa-41512	205	36	normality	normality	NOUN
cjfa-41512	205	37	of	of	ADP
cjfa-41512	205	38	the	the	DET
cjfa-41512	205	39	data	datum	NOUN
cjfa-41512	205	40	.	.	PUNCT
cjfa-41512	206	1	with	with	ADP
cjfa-41512	206	2	this	this	DET
cjfa-41512	206	3	result	result	NOUN
cjfa-41512	206	4	,	,	PUNCT
cjfa-41512	206	5	the	the	DET
cjfa-41512	206	6	study	study	NOUN
cjfa-41512	206	7	concludes	conclude	VERB
cjfa-41512	206	8	that	that	SCONJ
cjfa-41512	206	9	the	the	DET
cjfa-41512	206	10	data	datum	NOUN
cjfa-41512	206	11	used	use	VERB
cjfa-41512	206	12	are	be	AUX
cjfa-41512	206	13	normally	normally	ADV
cjfa-41512	206	14	distributed	distribute	VERB
cjfa-41512	206	15	,	,	PUNCT
cjfa-41512	206	16	that	that	SCONJ
cjfa-41512	206	17	there	there	PRON
cjfa-41512	206	18	is	be	VERB
cjfa-41512	206	19	no	no	DET
cjfa-41512	206	20	outlier	outlier	NOUN
cjfa-41512	206	21	in	in	ADP
cjfa-41512	206	22	the	the	DET
cjfa-41512	206	23	data	datum	NOUN
cjfa-41512	206	24	and	and	CCONJ
cjfa-41512	206	25	thus	thus	ADV
cjfa-41512	206	26	analyses	analysis	NOUN
cjfa-41512	206	27	and	and	CCONJ
cjfa-41512	206	28	conclusion	conclusion	NOUN
cjfa-41512	206	29	therefrom	therefrom	NOUN
cjfa-41512	206	30	are	be	AUX
cjfa-41512	206	31	reliable	reliable	ADJ
cjfa-41512	206	32	for	for	ADP
cjfa-41512	206	33	drawing	draw	VERB
cjfa-41512	206	34	conclusion	conclusion	NOUN
cjfa-41512	206	35	.	.	PUNCT
cjfa-41512	207	1	table	table	NOUN
cjfa-41512	207	2	3	3	NUM
cjfa-41512	207	3	.	.	PUNCT
cjfa-41512	207	4	correlation	correlation	NOUN
cjfa-41512	207	5	analysis	analysis	NOUN
cjfa-41512	207	6	|	|	ADV
cjfa-41512	207	7	mps	mp	VERB
cjfa-41512	207	8	div_pout	div_pout	ADP
cjfa-41512	207	9	div_yild	div_yild	X
cjfa-41512	207	10	dps	dps	PROPN
cjfa-41512	207	11	fsiz_l	fsiz_l	PUNCT
cjfa-41512	208	1	~	~	PROPN
cjfa-41512	208	2	t	t	PROPN
cjfa-41512	208	3	firm_ag	firm_ag	VERB
cjfa-41512	208	4	-------------+-----------------------------------------------------	-------------+-----------------------------------------------------	ADV
cjfa-41512	208	5	mps	mp	NOUN
cjfa-41512	208	6	|	|	ADV
cjfa-41512	208	7	1.0000	1.0000	NUM
cjfa-41512	208	8	|	|	NOUN
cjfa-41512	208	9	div_pout	div_pout	NOUN
cjfa-41512	208	10	|	|	ADV
cjfa-41512	208	11	0.0883	0.0883	NUM
cjfa-41512	208	12	1.0000	1.0000	NUM
cjfa-41512	208	13	|	|	NOUN
cjfa-41512	208	14	0.1950	0.1950	NUM
cjfa-41512	208	15	|	|	NOUN
cjfa-41512	208	16	div_yild	div_yild	PUNCT
cjfa-41512	208	17	|	|	ADV
cjfa-41512	208	18	-0.0367	-0.0367	PUNCT
cjfa-41512	209	1	0.5800	0.5800	NUM
cjfa-41512	209	2	1.0000	1.0000	NUM
cjfa-41512	209	3	|	|	NOUN
cjfa-41512	209	4	0.5913	0.5913	NUM
cjfa-41512	209	5	0.0000	0.0000	NUM
cjfa-41512	209	6	|	|	ADV
cjfa-41512	209	7	dps	dps	NOUN
cjfa-41512	209	8	|	|	ADV
cjfa-41512	209	9	0.8942	0.8942	NUM
cjfa-41512	209	10	0.1605	0.1605	NUM
cjfa-41512	209	11	0.0844	0.0844	NUM
cjfa-41512	209	12	1.0000	1.0000	NUM
cjfa-41512	209	13	|	|	ADV
cjfa-41512	209	14	0.0000	0.0000	NUM
cjfa-41512	209	15	0.0180	0.0180	NUM
cjfa-41512	209	16	0.2156	0.2156	NUM
cjfa-41512	210	1	|	|	ADV
cjfa-41512	210	2	fsiz_logasst	fsiz_logasst	ADJ
cjfa-41512	210	3	|	|	NOUN
cjfa-41512	210	4	0.2971	0.2971	NUM
cjfa-41512	211	1	0.1288	0.1288	NUM
cjfa-41512	211	2	0.1909	0.1909	NUM
cjfa-41512	211	3	0.3054	0.3054	NUM
cjfa-41512	211	4	1.0000	1.0000	NUM
cjfa-41512	211	5	|	|	ADV
cjfa-41512	211	6	0.0000	0.0000	NUM
cjfa-41512	211	7	0.0583	0.0583	NUM
cjfa-41512	211	8	0.0048	0.0048	NUM
cjfa-41512	211	9	0.0000	0.0000	NUM
cjfa-41512	211	10	|	|	ADV
cjfa-41512	211	11	firm_ag	firm_ag	VERB
cjfa-41512	211	12	|	|	ADV
cjfa-41512	211	13	0.1064	0.1064	NUM
cjfa-41512	211	14	0.0500	0.0500	NUM
cjfa-41512	211	15	0.0543	0.0543	NUM
cjfa-41512	211	16	0.0868	0.0868	NUM
cjfa-41512	211	17	0.1184	0.1184	NUM
cjfa-41512	211	18	1.0000	1.0000	NUM
cjfa-41512	212	1	|	|	NOUN
cjfa-41512	212	2	0.1182	0.1182	NUM
cjfa-41512	212	3	0.4641	0.4641	NUM
cjfa-41512	213	1	0.4262	0.4262	NUM
cjfa-41512	213	2	0.2028	0.2028	NUM
cjfa-41512	213	3	0.0819	0.0819	NUM
cjfa-41512	213	4	source	source	NOUN
cjfa-41512	213	5	:	:	PUNCT
cjfa-41512	213	6	extract	extract	NOUN
cjfa-41512	213	7	from	from	ADP
cjfa-41512	213	8	stata	stata	NOUN
cjfa-41512	213	9	output	output	NOUN
cjfa-41512	213	10	.	.	PUNCT
cjfa-41512	214	1	pairwise	pairwise	NOUN
cjfa-41512	214	2	correlation	correlation	NOUN
cjfa-41512	214	3	analysis	analysis	NOUN
cjfa-41512	214	4	correlation	correlation	NOUN
cjfa-41512	214	5	coefficients	coefficient	NOUN
cjfa-41512	214	6	and	and	CCONJ
cjfa-41512	214	7	their	their	PRON
cjfa-41512	214	8	association	association	NOUN
cjfa-41512	214	9	between	between	ADP
cjfa-41512	214	10	variables	variable	NOUN
cjfa-41512	214	11	used	use	VERB
cjfa-41512	214	12	in	in	ADP
cjfa-41512	214	13	the	the	DET
cjfa-41512	214	14	model	model	NOUN
cjfa-41512	214	15	apart	apart	ADV
cjfa-41512	214	16	from	from	ADP
cjfa-41512	214	17	being	be	AUX
cjfa-41512	214	18	used	use	VERB
cjfa-41512	214	19	to	to	PART
cjfa-41512	214	20	test	test	VERB
cjfa-41512	214	21	the	the	DET
cjfa-41512	214	22	strength	strength	NOUN
cjfa-41512	214	23	of	of	ADP
cjfa-41512	214	24	linear	linear	PROPN
cjfa-41512	214	25	association	association	NOUN
cjfa-41512	214	26	shows	show	VERB
cjfa-41512	214	27	the	the	DET
cjfa-41512	214	28	presence	presence	NOUN
cjfa-41512	214	29	or	or	CCONJ
cjfa-41512	214	30	otherwise	otherwise	ADV
cjfa-41512	214	31	of	of	ADP
cjfa-41512	214	32	perfect	perfect	ADJ
cjfa-41512	214	33	or	or	CCONJ
cjfa-41512	214	34	exact	exact	ADJ
cjfa-41512	214	35	relationship	relationship	NOUN
cjfa-41512	214	36	among	among	ADP
cjfa-41512	214	37	the	the	DET
cjfa-41512	214	38	independent	independent	ADJ
cjfa-41512	214	39	variables	variable	NOUN
cjfa-41512	214	40	.	.	PUNCT
cjfa-41512	215	1	table	table	NOUN
cjfa-41512	215	2	3	3	NUM
cjfa-41512	215	3	represents	represent	VERB
cjfa-41512	215	4	the	the	DET
cjfa-41512	215	5	correlation	correlation	NOUN
cjfa-41512	215	6	amongst	amongst	ADP
cjfa-41512	215	7	variables	variable	NOUN
cjfa-41512	215	8	.	.	PUNCT
cjfa-41512	216	1	it	it	PRON
cjfa-41512	216	2	shows	show	VERB
cjfa-41512	216	3	that	that	SCONJ
cjfa-41512	216	4	dividend	dividend	NOUN
cjfa-41512	216	5	payout	payout	NOUN
cjfa-41512	216	6	(	(	PUNCT
cjfa-41512	216	7	0.09	0.09	NUM
cjfa-41512	216	8	)	)	PUNCT
cjfa-41512	216	9	and	and	CCONJ
cjfa-41512	216	10	dividend	dividend	NOUN
cjfa-41512	216	11	per	per	ADP
cjfa-41512	216	12	share	share	NOUN
cjfa-41512	216	13	(	(	PUNCT
cjfa-41512	216	14	0.89	0.89	NUM
cjfa-41512	216	15	)	)	PUNCT
cjfa-41512	216	16	,	,	PUNCT
cjfa-41512	216	17	as	as	ADV
cjfa-41512	216	18	well	well	ADV
cjfa-41512	216	19	as	as	ADP
cjfa-41512	216	20	the	the	DET
cjfa-41512	216	21	two	two	NUM
cjfa-41512	216	22	control	control	NOUN
cjfa-41512	216	23	variables	variable	NOUN
cjfa-41512	216	24	of	of	ADP
cjfa-41512	216	25	company	company	NOUN
cjfa-41512	216	26	size	size	NOUN
cjfa-41512	216	27	(	(	PUNCT
cjfa-41512	216	28	0.29	0.29	NUM
cjfa-41512	216	29	)	)	PUNCT
cjfa-41512	216	30	and	and	CCONJ
cjfa-41512	216	31	firm	firm	ADJ
cjfa-41512	216	32	age	age	NOUN
cjfa-41512	216	33	(	(	PUNCT
cjfa-41512	216	34	0.10	0.10	NUM
cjfa-41512	216	35	)	)	PUNCT
cjfa-41512	216	36	,	,	PUNCT
cjfa-41512	216	37	are	be	AUX
cjfa-41512	216	38	positively	positively	ADV
cjfa-41512	216	39	related	relate	VERB
cjfa-41512	216	40	to	to	ADP
cjfa-41512	216	41	the	the	DET
cjfa-41512	216	42	market	market	NOUN
cjfa-41512	216	43	price	price	NOUN
cjfa-41512	216	44	per	per	ADP
cjfa-41512	216	45	share	share	NOUN
cjfa-41512	216	46	.	.	PUNCT
cjfa-41512	217	1	while	while	SCONJ
cjfa-41512	217	2	the	the	DET
cjfa-41512	217	3	relationship	relationship	NOUN
cjfa-41512	217	4	between	between	ADP
cjfa-41512	217	5	dividend	dividend	NOUN
cjfa-41512	217	6	per	per	ADP
cjfa-41512	217	7	share	share	NOUN
cjfa-41512	217	8	,	,	PUNCT
cjfa-41512	217	9	firm	firm	ADJ
cjfa-41512	217	10	size	size	NOUN
cjfa-41512	217	11	and	and	CCONJ
cjfa-41512	217	12	market	market	NOUN
cjfa-41512	217	13	price	price	NOUN
cjfa-41512	217	14	per	per	ADP
cjfa-41512	217	15	share	share	NOUN
cjfa-41512	217	16	is	be	AUX
cjfa-41512	217	17	significant	significant	ADJ
cjfa-41512	217	18	,	,	PUNCT
cjfa-41512	217	19	the	the	DET
cjfa-41512	217	20	relationship	relationship	NOUN
cjfa-41512	217	21	between	between	ADP
cjfa-41512	217	22	dividend	dividend	NOUN
cjfa-41512	217	23	payout	payout	NOUN
cjfa-41512	217	24	and	and	CCONJ
cjfa-41512	217	25	firm	firm	ADJ
cjfa-41512	217	26	age	age	NOUN
cjfa-41512	217	27	is	be	AUX
cjfa-41512	217	28	insignificant	insignificant	ADJ
cjfa-41512	217	29	.	.	PUNCT
cjfa-41512	218	1	the	the	DET
cjfa-41512	218	2	positive	positive	ADJ
cjfa-41512	218	3	relationship	relationship	NOUN
cjfa-41512	218	4	implies	imply	VERB
cjfa-41512	218	5	that	that	DET
cjfa-41512	218	6	increase	increase	NOUN
cjfa-41512	218	7	in	in	ADP
cjfa-41512	218	8	dividend	dividend	NOUN
cjfa-41512	218	9	payout	payout	NOUN
cjfa-41512	218	10	,	,	PUNCT
cjfa-41512	218	11	dividend	dividend	VERB
cjfa-41512	218	12	per	per	ADP
cjfa-41512	218	13	s	s	NOUN
cjfa-41512	218	14	o	o	NOUN
cjfa-41512	218	15	u	u	NOUN
cjfa-41512	218	16	r	r	NOUN
cjfa-41512	218	17	c	c	NOUN
cjfa-41512	218	18	e	e	NOUN
cjfa-41512	218	19	:	:	PUNCT
cjfa-41512	218	20	extract	extract	VERB
cjfa-41512	218	21	from	from	ADP
cjfa-41512	218	22	stata	stata	NOUN
cjfa-41512	218	23	output	output	NOUN
cjfa-41512	218	24	.	.	PUNCT
cjfa-41512	219	1	reaction	reaction	NOUN
cjfa-41512	219	2	of	of	ADP
cjfa-41512	219	3	share	share	NOUN
cjfa-41512	219	4	prices	price	NOUN
cjfa-41512	219	5	to	to	PART
cjfa-41512	219	6	dividend	dividend	VERB
cjfa-41512	219	7	policy	policy	NOUN
cjfa-41512	219	8	…	…	PUNCT
cjfa-41512	219	9	4343	4343	NUM
cjfa-41512	219	10	shapiro	shapiro	NOUN
cjfa-41512	219	11	-	-	PUNCT
cjfa-41512	219	12	walk	walk	NOUN
cjfa-41512	219	13	test	test	NOUN
cjfa-41512	219	14	on	on	ADP
cjfa-41512	219	15	table	table	NOUN
cjfa-41512	219	16	2	2	NUM
cjfa-41512	219	17	checks	check	NOUN
cjfa-41512	219	18	the	the	DET
cjfa-41512	219	19	normal	normal	ADJ
cjfa-41512	219	20	assumption	assumption	NOUN
cjfa-41512	219	21	by	by	ADP
cjfa-41512	219	22	constructing	construct	VERB
cjfa-41512	219	23	w	w	NOUN
cjfa-41512	219	24	statistic	statistic	NOUN
cjfa-41512	219	25	.	.	PUNCT
cjfa-41512	220	1	w	w	NOUN
cjfa-41512	220	2	is	be	AUX
cjfa-41512	220	3	positive	positive	ADJ
cjfa-41512	220	4	and	and	CCONJ
cjfa-41512	220	5	less	less	ADJ
cjfa-41512	220	6	than	than	ADP
cjfa-41512	220	7	or	or	CCONJ
cjfa-41512	220	8	equal	equal	ADJ
cjfa-41512	220	9	to	to	ADP
cjfa-41512	220	10	one	one	NUM
cjfa-41512	220	11	.	.	PUNCT
cjfa-41512	221	1	w	w	ADP
cjfa-41512	221	2	being	be	AUX
cjfa-41512	221	3	close	close	ADJ
cjfa-41512	221	4	to	to	ADP
cjfa-41512	221	5	1	1	NUM
cjfa-41512	221	6	indicate	indicate	VERB
cjfa-41512	221	7	normality	normality	NOUN
cjfa-41512	221	8	of	of	ADP
cjfa-41512	221	9	the	the	DET
cjfa-41512	221	10	data	datum	NOUN
cjfa-41512	221	11	(	(	PUNCT
cjfa-41512	221	12	henderson	henderson	PROPN
cjfa-41512	221	13	,	,	PUNCT
cjfa-41512	221	14	2006	2006	NUM
cjfa-41512	221	15	;	;	PUNCT
cjfa-41512	221	16	peng	peng	PROPN
cjfa-41512	221	17	,	,	PUNCT
cjfa-41512	221	18	2004	2004	NUM
cjfa-41512	221	19	)	)	PUNCT
cjfa-41512	221	20	.	.	PUNCT
cjfa-41512	222	1	thus	thus	ADV
cjfa-41512	222	2	,	,	PUNCT
cjfa-41512	222	3	w	w	PROPN
cjfa-41512	222	4	test	test	NOUN
cjfa-41512	222	5	of	of	ADP
cjfa-41512	222	6	0.50	0.50	NUM
cjfa-41512	222	7	,	,	PUNCT
cjfa-41512	222	8	0.68	0.68	NUM
cjfa-41512	222	9	,	,	PUNCT
cjfa-41512	222	10	0.97	0.97	NUM
cjfa-41512	222	11	and	and	CCONJ
cjfa-41512	222	12	0.87	0.87	NUM
cjfa-41512	222	13	,	,	PUNCT
cjfa-41512	222	14	respectively	respectively	ADV
cjfa-41512	222	15	for	for	ADP
cjfa-41512	222	16	dividend	dividend	NOUN
cjfa-41512	222	17	payout	payout	NOUN
cjfa-41512	222	18	,	,	PUNCT
cjfa-41512	222	19	dividend	dividend	NOUN
cjfa-41512	222	20	yield	yield	NOUN
cjfa-41512	222	21	,	,	PUNCT
cjfa-41512	222	22	firm	firm	ADJ
cjfa-41512	222	23	size	size	NOUN
cjfa-41512	222	24	and	and	CCONJ
cjfa-41512	222	25	firm	firm	ADJ
cjfa-41512	222	26	age	age	NOUN
cjfa-41512	222	27	employed	employ	VERB
cjfa-41512	222	28	in	in	ADP
cjfa-41512	222	29	the	the	DET
cjfa-41512	222	30	study	study	NOUN
cjfa-41512	222	31	are	be	AUX
cjfa-41512	222	32	close	close	ADJ
cjfa-41512	222	33	to	to	ADP
cjfa-41512	222	34	1	1	NUM
cjfa-41512	222	35	indicating	indicate	VERB
cjfa-41512	222	36	normality	normality	NOUN
cjfa-41512	222	37	of	of	ADP
cjfa-41512	222	38	the	the	DET
cjfa-41512	222	39	data	datum	NOUN
cjfa-41512	222	40	.	.	PUNCT
cjfa-41512	223	1	with	with	ADP
cjfa-41512	223	2	this	this	DET
cjfa-41512	223	3	result	result	NOUN
cjfa-41512	223	4	,	,	PUNCT
cjfa-41512	223	5	the	the	DET
cjfa-41512	223	6	study	study	NOUN
cjfa-41512	223	7	concludes	conclude	VERB
cjfa-41512	223	8	that	that	SCONJ
cjfa-41512	223	9	the	the	DET
cjfa-41512	223	10	data	datum	NOUN
cjfa-41512	223	11	used	use	VERB
cjfa-41512	223	12	are	be	AUX
cjfa-41512	223	13	normally	normally	ADV
cjfa-41512	223	14	distributed	distribute	VERB
cjfa-41512	223	15	,	,	PUNCT
cjfa-41512	223	16	that	that	SCONJ
cjfa-41512	223	17	there	there	PRON
cjfa-41512	223	18	is	be	VERB
cjfa-41512	223	19	no	no	DET
cjfa-41512	223	20	outlier	outlier	NOUN
cjfa-41512	223	21	in	in	ADP
cjfa-41512	223	22	the	the	DET
cjfa-41512	223	23	data	datum	NOUN
cjfa-41512	223	24	and	and	CCONJ
cjfa-41512	223	25	thus	thus	ADV
cjfa-41512	223	26	analyses	analysis	NOUN
cjfa-41512	223	27	and	and	CCONJ
cjfa-41512	223	28	conclusion	conclusion	NOUN
cjfa-41512	223	29	therefrom	therefrom	NOUN
cjfa-41512	223	30	are	be	AUX
cjfa-41512	223	31	reliable	reliable	ADJ
cjfa-41512	223	32	for	for	ADP
cjfa-41512	223	33	drawing	draw	VERB
cjfa-41512	223	34	conclusion	conclusion	NOUN
cjfa-41512	223	35	.	.	PUNCT
cjfa-41512	224	1	pairwise	pairwise	NOUN
cjfa-41512	224	2	correlation	correlation	NOUN
cjfa-41512	224	3	analysispairwise	analysispairwise	NOUN
cjfa-41512	224	4	correlation	correlation	NOUN
cjfa-41512	224	5	analysis	analysis	NOUN
cjfa-41512	224	6	correlation	correlation	NOUN
cjfa-41512	224	7	coefficients	coefficient	NOUN
cjfa-41512	224	8	and	and	CCONJ
cjfa-41512	224	9	their	their	PRON
cjfa-41512	224	10	association	association	NOUN
cjfa-41512	224	11	between	between	ADP
cjfa-41512	224	12	variables	variable	NOUN
cjfa-41512	224	13	used	use	VERB
cjfa-41512	224	14	in	in	ADP
cjfa-41512	224	15	the	the	DET
cjfa-41512	224	16	model	model	NOUN
cjfa-41512	224	17	apart	apart	ADV
cjfa-41512	224	18	from	from	ADP
cjfa-41512	224	19	being	be	AUX
cjfa-41512	224	20	used	use	VERB
cjfa-41512	224	21	to	to	PART
cjfa-41512	224	22	test	test	VERB
cjfa-41512	224	23	the	the	DET
cjfa-41512	224	24	strength	strength	NOUN
cjfa-41512	224	25	of	of	ADP
cjfa-41512	224	26	linear	linear	PROPN
cjfa-41512	224	27	association	association	NOUN
cjfa-41512	224	28	shows	show	VERB
cjfa-41512	224	29	the	the	DET
cjfa-41512	224	30	presence	presence	NOUN
cjfa-41512	224	31	or	or	CCONJ
cjfa-41512	224	32	otherwise	otherwise	ADV
cjfa-41512	224	33	of	of	ADP
cjfa-41512	224	34	perfect	perfect	ADJ
cjfa-41512	224	35	or	or	CCONJ
cjfa-41512	224	36	exact	exact	ADJ
cjfa-41512	224	37	relationship	relationship	NOUN
cjfa-41512	224	38	among	among	ADP
cjfa-41512	224	39	the	the	DET
cjfa-41512	224	40	independent	independent	ADJ
cjfa-41512	224	41	variables	variable	NOUN
cjfa-41512	224	42	.	.	PUNCT
cjfa-41512	225	1	table	table	NOUN
cjfa-41512	225	2	3	3	NUM
cjfa-41512	225	3	represents	represent	VERB
cjfa-41512	225	4	the	the	DET
cjfa-41512	225	5	correlation	correlation	NOUN
cjfa-41512	225	6	amongst	amongst	ADP
cjfa-41512	225	7	variables	variable	NOUN
cjfa-41512	225	8	.	.	PUNCT
cjfa-41512	226	1	it	it	PRON
cjfa-41512	226	2	shows	show	VERB
cjfa-41512	226	3	that	that	SCONJ
cjfa-41512	226	4	dividend	dividend	NOUN
cjfa-41512	226	5	payout	payout	NOUN
cjfa-41512	226	6	(	(	PUNCT
cjfa-41512	226	7	0.09	0.09	NUM
cjfa-41512	226	8	)	)	PUNCT
cjfa-41512	226	9	and	and	CCONJ
cjfa-41512	226	10	dividend	dividend	NOUN
cjfa-41512	226	11	per	per	ADP
cjfa-41512	226	12	share	share	NOUN
cjfa-41512	226	13	(	(	PUNCT
cjfa-41512	226	14	0.89	0.89	NUM
cjfa-41512	226	15	)	)	PUNCT
cjfa-41512	226	16	,	,	PUNCT
cjfa-41512	226	17	as	as	ADV
cjfa-41512	226	18	well	well	ADV
cjfa-41512	226	19	as	as	ADP
cjfa-41512	226	20	the	the	DET
cjfa-41512	226	21	two	two	NUM
cjfa-41512	226	22	control	control	NOUN
cjfa-41512	226	23	variables	variable	NOUN
cjfa-41512	226	24	of	of	ADP
cjfa-41512	226	25	company	company	NOUN
cjfa-41512	226	26	size	size	NOUN
cjfa-41512	226	27	(	(	PUNCT
cjfa-41512	226	28	0.29	0.29	NUM
cjfa-41512	226	29	)	)	PUNCT
cjfa-41512	226	30	and	and	CCONJ
cjfa-41512	226	31	firm	firm	ADJ
cjfa-41512	226	32	age	age	NOUN
cjfa-41512	226	33	(	(	PUNCT
cjfa-41512	226	34	0.10	0.10	NUM
cjfa-41512	226	35	)	)	PUNCT
cjfa-41512	226	36	,	,	PUNCT
cjfa-41512	226	37	are	be	AUX
cjfa-41512	226	38	positively	positively	ADV
cjfa-41512	226	39	related	relate	VERB
cjfa-41512	226	40	to	to	ADP
cjfa-41512	226	41	the	the	DET
cjfa-41512	226	42	market	market	NOUN
cjfa-41512	226	43	price	price	NOUN
cjfa-41512	226	44	per	per	ADP
cjfa-41512	226	45	share	share	NOUN
cjfa-41512	226	46	.	.	PUNCT
cjfa-41512	227	1	while	while	SCONJ
cjfa-41512	227	2	the	the	DET
cjfa-41512	227	3	relationship	relationship	NOUN
cjfa-41512	227	4	between	between	ADP
cjfa-41512	227	5	dividend	dividend	NOUN
cjfa-41512	227	6	per	per	ADP
cjfa-41512	227	7	share	share	NOUN
cjfa-41512	227	8	,	,	PUNCT
cjfa-41512	227	9	firm	firm	ADJ
cjfa-41512	227	10	size	size	NOUN
cjfa-41512	227	11	and	and	CCONJ
cjfa-41512	227	12	market	market	NOUN
cjfa-41512	227	13	price	price	NOUN
cjfa-41512	227	14	per	per	ADP
cjfa-41512	227	15	share	share	NOUN
cjfa-41512	227	16	is	be	AUX
cjfa-41512	227	17	significant	significant	ADJ
cjfa-41512	227	18	,	,	PUNCT
cjfa-41512	227	19	the	the	DET
cjfa-41512	227	20	relationship	relationship	NOUN
cjfa-41512	227	21	between	between	ADP
cjfa-41512	227	22	dividend	dividend	NOUN
cjfa-41512	227	23	payout	payout	NOUN
cjfa-41512	227	24	and	and	CCONJ
cjfa-41512	227	25	firm	firm	ADJ
cjfa-41512	227	26	age	age	NOUN
cjfa-41512	227	27	is	be	AUX
cjfa-41512	227	28	insignificant	insignificant	ADJ
cjfa-41512	227	29	.	.	PUNCT
cjfa-41512	228	1	the	the	DET
cjfa-41512	228	2	positive	positive	ADJ
cjfa-41512	228	3	relationship	relationship	NOUN
cjfa-41512	228	4	implies	imply	VERB
cjfa-41512	228	5	that	that	PRON
cjfa-41512	228	6	increase	increase	NOUN
cjfa-41512	228	7	in	in	ADP
cjfa-41512	228	8	dividend	dividend	NOUN
cjfa-41512	228	9	payout	payout	NOUN
cjfa-41512	228	10	,	,	PUNCT
cjfa-41512	228	11	dividend	dividend	NOUN
cjfa-41512	228	12	per	per	ADP
cjfa-41512	228	13	share	share	NOUN
cjfa-41512	228	14	,	,	PUNCT
cjfa-41512	228	15	firm	firm	ADJ
cjfa-41512	228	16	size	size	NOUN
cjfa-41512	228	17	and	and	CCONJ
cjfa-41512	228	18	age	age	NOUN
cjfa-41512	228	19	will	will	AUX
cjfa-41512	228	20	invariably	invariably	ADV
cjfa-41512	228	21	stimulate	stimulate	VERB
cjfa-41512	228	22	market	market	NOUN
cjfa-41512	228	23	price	price	NOUN
cjfa-41512	228	24	per	per	ADP
cjfa-41512	228	25	share	share	NOUN
cjfa-41512	228	26	.	.	PUNCT
cjfa-41512	229	1	specifically	specifically	ADV
cjfa-41512	229	2	,	,	PUNCT
cjfa-41512	229	3	1	1	NUM
cjfa-41512	229	4	%	%	NOUN
cjfa-41512	229	5	increase	increase	NOUN
cjfa-41512	229	6	in	in	ADP
cjfa-41512	229	7	dividend	dividend	NOUN
cjfa-41512	229	8	per	per	ADP
cjfa-41512	229	9	share	share	NOUN
cjfa-41512	229	10	will	will	AUX
cjfa-41512	229	11	lead	lead	VERB
cjfa-41512	229	12	to	to	ADP
cjfa-41512	229	13	89	89	NUM
cjfa-41512	229	14	%	%	NOUN
cjfa-41512	229	15	increase	increase	NOUN
cjfa-41512	229	16	in	in	ADP
cjfa-41512	229	17	market	market	NOUN
cjfa-41512	229	18	price	price	NOUN
cjfa-41512	229	19	of	of	ADP
cjfa-41512	229	20	share	share	NOUN
cjfa-41512	229	21	.	.	PUNCT
cjfa-41512	230	1	however	however	ADV
cjfa-41512	230	2	,	,	PUNCT
cjfa-41512	230	3	earnings	earning	NOUN
cjfa-41512	230	4	yield	yield	NOUN
cjfa-41512	230	5	(	(	PUNCT
cjfa-41512	230	6	-0.36	-0.36	NOUN
cjfa-41512	230	7	)	)	PUNCT
cjfa-41512	230	8	has	have	VERB
cjfa-41512	230	9	a	a	DET
cjfa-41512	230	10	significant	significant	ADJ
cjfa-41512	230	11	inverse	inverse	NOUN
cjfa-41512	230	12	relationship	relationship	NOUN
cjfa-41512	230	13	with	with	ADP
cjfa-41512	230	14	a	a	DET
cjfa-41512	230	15	share	share	NOUN
cjfa-41512	230	16	price	price	NOUN
cjfa-41512	230	17	of	of	ADP
cjfa-41512	230	18	sampled	sample	VERB
cjfa-41512	230	19	firms	firm	NOUN
cjfa-41512	230	20	.	.	PUNCT
cjfa-41512	231	1	the	the	DET
cjfa-41512	231	2	correlation	correlation	NOUN
cjfa-41512	231	3	results	result	VERB
cjfa-41512	231	4	between	between	ADP
cjfa-41512	231	5	the	the	DET
cjfa-41512	231	6	independent	independent	ADJ
cjfa-41512	231	7	variables	variable	NOUN
cjfa-41512	231	8	of	of	ADP
cjfa-41512	231	9	the	the	DET
cjfa-41512	231	10	study	study	NOUN
cjfa-41512	231	11	did	do	AUX
cjfa-41512	231	12	not	not	PART
cjfa-41512	231	13	show	show	VERB
cjfa-41512	231	14	any	any	DET
cjfa-41512	231	15	case	case	NOUN
cjfa-41512	231	16	of	of	ADP
cjfa-41512	231	17	multi	multi	NOUN
cjfa-41512	231	18	-	-	NOUN
cjfa-41512	231	19	collinearity	collinearity	NOUN
cjfa-41512	231	20	since	since	SCONJ
cjfa-41512	231	21	the	the	DET
cjfa-41512	231	22	highest	high	ADJ
cjfa-41512	231	23	relationship	relationship	NOUN
cjfa-41512	231	24	between	between	ADP
cjfa-41512	231	25	the	the	DET
cjfa-41512	231	26	independent	independent	ADJ
cjfa-41512	231	27	variables	variable	NOUN
cjfa-41512	231	28	is	be	AUX
cjfa-41512	231	29	58	58	NUM
cjfa-41512	231	30	%	%	NOUN
cjfa-41512	231	31	which	which	PRON
cjfa-41512	231	32	is	be	AUX
cjfa-41512	231	33	below	below	ADP
cjfa-41512	231	34	70	70	NUM
cjfa-41512	231	35	%	%	NOUN
cjfa-41512	231	36	.	.	PUNCT
cjfa-41512	232	1	as	as	SCONJ
cjfa-41512	232	2	opined	opine	VERB
cjfa-41512	232	3	by	by	ADP
cjfa-41512	232	4	sharif	sharif	PROPN
cjfa-41512	232	5	,	,	PUNCT
cjfa-41512	232	6	purohit	purohit	PROPN
cjfa-41512	232	7	and	and	CCONJ
cjfa-41512	232	8	pillai	pillai	PROPN
cjfa-41512	232	9	(	(	PUNCT
cjfa-41512	232	10	2015	2015	NUM
cjfa-41512	232	11	)	)	PUNCT
cjfa-41512	232	12	,	,	PUNCT
cjfa-41512	232	13	if	if	SCONJ
cjfa-41512	232	14	the	the	DET
cjfa-41512	232	15	relationship	relationship	NOUN
cjfa-41512	232	16	among	among	ADP
cjfa-41512	232	17	two	two	NUM
cjfa-41512	232	18	independent	independent	ADJ
cjfa-41512	232	19	variables	variable	NOUN
cjfa-41512	232	20	is	be	AUX
cjfa-41512	232	21	70	70	NUM
cjfa-41512	232	22	%	%	NOUN
cjfa-41512	232	23	and	and	CCONJ
cjfa-41512	232	24	above	above	ADV
cjfa-41512	232	25	,	,	PUNCT
cjfa-41512	232	26	then	then	ADV
cjfa-41512	232	27	it	it	PRON
cjfa-41512	232	28	is	be	AUX
cjfa-41512	232	29	a	a	DET
cjfa-41512	232	30	case	case	NOUN
cjfa-41512	232	31	for	for	ADP
cjfa-41512	232	32	concern	concern	NOUN
cjfa-41512	232	33	.	.	PUNCT
cjfa-41512	233	1	regression	regression	NOUN
cjfa-41512	233	2	analysisregression	analysisregression	NOUN
cjfa-41512	233	3	analysis	analysis	NOUN
cjfa-41512	233	4	the	the	DET
cjfa-41512	233	5	xtset	xtset	PROPN
cjfa-41512	233	6	command	command	NOUN
cjfa-41512	233	7	in	in	ADP
cjfa-41512	233	8	stata	stata	NOUN
cjfa-41512	233	9	indicates	indicate	VERB
cjfa-41512	233	10	that	that	SCONJ
cjfa-41512	233	11	data	datum	NOUN
cjfa-41512	233	12	was	be	AUX
cjfa-41512	233	13	strongly	strongly	ADV
cjfa-41512	233	14	balanced	balanced	ADJ
cjfa-41512	233	15	.	.	PUNCT
cjfa-41512	234	1	fixed	fix	VERB
cjfa-41512	234	2	effect	effect	NOUN
cjfa-41512	234	3	and	and	CCONJ
cjfa-41512	234	4	random	random	ADJ
cjfa-41512	234	5	effect	effect	NOUN
cjfa-41512	234	6	regressions	regression	NOUN
cjfa-41512	234	7	were	be	AUX
cjfa-41512	234	8	run	run	VERB
cjfa-41512	234	9	.	.	PUNCT
cjfa-41512	235	1	to	to	PART
cjfa-41512	235	2	establish	establish	VERB
cjfa-41512	235	3	which	which	PRON
cjfa-41512	235	4	of	of	ADP
cjfa-41512	235	5	the	the	DET
cjfa-41512	235	6	fixed	fix	VERB
cjfa-41512	235	7	and	and	CCONJ
cjfa-41512	235	8	random	random	ADJ
cjfa-41512	235	9	effect	effect	NOUN
cjfa-41512	235	10	analytical	analytical	ADJ
cjfa-41512	235	11	methodologies	methodology	NOUN
cjfa-41512	235	12	is	be	AUX
cjfa-41512	235	13	best	good	ADJ
cjfa-41512	235	14	for	for	ADP
cjfa-41512	235	15	reaching	reach	VERB
cjfa-41512	235	16	a	a	DET
cjfa-41512	235	17	result	result	NOUN
cjfa-41512	235	18	,	,	PUNCT
cjfa-41512	235	19	hausman	hausman	PROPN
cjfa-41512	235	20	’s	’s	PART
cjfa-41512	235	21	test	test	NOUN
cjfa-41512	235	22	was	be	AUX
cjfa-41512	235	23	performed	perform	VERB
cjfa-41512	235	24	.	.	PUNCT
cjfa-41512	236	1	the	the	DET
cjfa-41512	236	2	estimation	estimation	NOUN
cjfa-41512	236	3	based	base	VERB
cjfa-41512	236	4	on	on	ADP
cjfa-41512	236	5	random	random	ADJ
cjfa-41512	236	6	effects	effect	NOUN
cjfa-41512	236	7	will	will	AUX
cjfa-41512	236	8	be	be	AUX
cjfa-41512	236	9	bet	bet	VERB
cjfa-41512	236	10	n.a	n.a	PROPN
cjfa-41512	236	11	.	.	PROPN
cjfa-41512	236	12	emeka	emeka	PROPN
cjfa-41512	236	13	-	-	PUNCT
cjfa-41512	236	14	nwokeji	nwokeji	PROPN
cjfa-41512	236	15	,	,	PUNCT
cjfa-41512	236	16	e.	e.	PROPN
cjfa-41512	236	17	nangih	nangih	PROPN
cjfa-41512	236	18	,	,	PUNCT
cjfa-41512	236	19	c.o	c.o	PROPN
cjfa-41512	236	20	.	.	PROPN
cjfa-41512	236	21	chiedu	chiedu	PROPN
cjfa-41512	236	22	,	,	PUNCT
cjfa-41512	236	23	e.n	e.n	PROPN
cjfa-41512	236	24	.	.	NOUN
cjfa-41512	236	25	ekwunife4444	ekwunife4444	NOUN
cjfa-41512	236	26	ter	ter	NOUN
cjfa-41512	236	27	if	if	SCONJ
cjfa-41512	236	28	the	the	DET
cjfa-41512	236	29	p	p	NOUN
cjfa-41512	236	30	-	-	PUNCT
cjfa-41512	236	31	value	value	NOUN
cjfa-41512	236	32	of	of	ADP
cjfa-41512	236	33	the	the	DET
cjfa-41512	236	34	chi	chi	NOUN
cjfa-41512	236	35	-	-	PUNCT
cjfa-41512	236	36	square	square	NOUN
cjfa-41512	236	37	is	be	AUX
cjfa-41512	236	38	bigger	big	ADJ
cjfa-41512	236	39	than	than	ADP
cjfa-41512	236	40	0.05	0.05	NUM
cjfa-41512	236	41	(	(	PUNCT
cjfa-41512	236	42	5	5	NUM
cjfa-41512	236	43	percent	percent	NOUN
cjfa-41512	236	44	)	)	PUNCT
cjfa-41512	236	45	empirically	empirically	ADV
cjfa-41512	236	46	.	.	PUNCT
cjfa-41512	237	1	estimation	estimation	NOUN
cjfa-41512	237	2	based	base	VERB
cjfa-41512	237	3	on	on	ADP
cjfa-41512	237	4	fixed	fix	VERB
cjfa-41512	237	5	effects	effect	NOUN
cjfa-41512	237	6	is	be	AUX
cjfa-41512	237	7	recommended	recommend	VERB
cjfa-41512	237	8	if	if	SCONJ
cjfa-41512	237	9	the	the	DET
cjfa-41512	237	10	p	p	NOUN
cjfa-41512	237	11	-	-	PUNCT
cjfa-41512	237	12	value	value	NOUN
cjfa-41512	237	13	is	be	AUX
cjfa-41512	237	14	less	less	ADJ
cjfa-41512	237	15	than	than	ADP
cjfa-41512	237	16	0.05	0.05	NUM
cjfa-41512	237	17	(	(	PUNCT
cjfa-41512	237	18	5	5	NUM
cjfa-41512	237	19	%	%	NOUN
cjfa-41512	237	20	)	)	PUNCT
cjfa-41512	237	21	.	.	PUNCT
cjfa-41512	238	1	the	the	DET
cjfa-41512	238	2	hausman	hausman	PROPN
cjfa-41512	238	3	tests	test	NOUN
cjfa-41512	238	4	found	find	VERB
cjfa-41512	238	5	a	a	DET
cjfa-41512	238	6	chi2	chi2	NOUN
cjfa-41512	238	7	of	of	ADP
cjfa-41512	238	8	1343.05	1343.05	NUM
cjfa-41512	238	9	and	and	CCONJ
cjfa-41512	238	10	a	a	DET
cjfa-41512	238	11	prob	prob	NOUN
cjfa-41512	238	12	>	>	X
cjfa-41512	238	13	chi2	chi2	PROPN
cjfa-41512	238	14	(	(	PUNCT
cjfa-41512	238	15	probability	probability	NOUN
cjfa-41512	238	16	-	-	PUNCT
cjfa-41512	238	17	value	value	NOUN
cjfa-41512	238	18	)	)	PUNCT
cjfa-41512	238	19	of	of	ADP
cjfa-41512	238	20	0.0000	0.0000	NUM
cjfa-41512	238	21	,	,	PUNCT
cjfa-41512	238	22	indicating	indicate	VERB
cjfa-41512	238	23	that	that	SCONJ
cjfa-41512	238	24	the	the	DET
cjfa-41512	238	25	fixed	fix	VERB
cjfa-41512	238	26	effect	effect	NOUN
cjfa-41512	238	27	model	model	NOUN
cjfa-41512	238	28	is	be	AUX
cjfa-41512	238	29	favored	favor	VERB
cjfa-41512	238	30	for	for	ADP
cjfa-41512	238	31	this	this	DET
cjfa-41512	238	32	investigation	investigation	NOUN
cjfa-41512	238	33	,	,	PUNCT
cjfa-41512	238	34	and	and	CCONJ
cjfa-41512	238	35	the	the	DET
cjfa-41512	238	36	result	result	NOUN
cjfa-41512	238	37	is	be	AUX
cjfa-41512	238	38	reported	report	VERB
cjfa-41512	238	39	and	and	CCONJ
cjfa-41512	238	40	interpreted	interpret	VERB
cjfa-41512	238	41	.	.	PUNCT
cjfa-41512	239	1	table	table	NOUN
cjfa-41512	239	2	4	4	NUM
cjfa-41512	239	3	.	.	PUNCT
cjfa-41512	240	1	summary	summary	NOUN
cjfa-41512	240	2	of	of	ADP
cjfa-41512	240	3	fixed	fix	VERB
cjfa-41512	240	4	-	-	PUNCT
cjfa-41512	240	5	effect	effect	NOUN
cjfa-41512	240	6	regression	regression	NOUN
cjfa-41512	240	7	1	1	NUM
cjfa-41512	240	8	table	table	NOUN
cjfa-41512	240	9	4	4	NUM
cjfa-41512	240	10	.	.	PUNCT
cjfa-41512	241	1	summary	summary	NOUN
cjfa-41512	241	2	of	of	ADP
cjfa-41512	241	3	fixed	fix	VERB
cjfa-41512	241	4	-	-	PUNCT
cjfa-41512	241	5	effect	effect	NOUN
cjfa-41512	241	6	regression	regression	NOUN
cjfa-41512	241	7	*	*	PUNCT
cjfa-41512	241	8	significant	significant	ADJ
cjfa-41512	241	9	at	at	ADP
cjfa-41512	241	10	1	1	NUM
cjfa-41512	241	11	%	%	NOUN
cjfa-41512	241	12	source	source	NOUN
cjfa-41512	241	13	:	:	PUNCT
cjfa-41512	241	14	extract	extract	NOUN
cjfa-41512	241	15	from	from	ADP
cjfa-41512	241	16	stata	stata	NOUN
cjfa-41512	241	17	output	output	NOUN
cjfa-41512	241	18	.	.	PUNCT
cjfa-41512	242	1	*	*	PUNCT
cjfa-41512	242	2	significant	significant	ADJ
cjfa-41512	242	3	at	at	ADP
cjfa-41512	242	4	1	1	NUM
cjfa-41512	242	5	%	%	NOUN
cjfa-41512	242	6	.	.	PUNCT
cjfa-41512	243	1	s	s	PART
cjfa-41512	243	2	o	o	X
cjfa-41512	243	3	u	u	NOUN
cjfa-41512	243	4	r	r	NOUN
cjfa-41512	243	5	c	c	NOUN
cjfa-41512	243	6	e	e	NOUN
cjfa-41512	243	7	:	:	PUNCT
cjfa-41512	243	8	extract	extract	VERB
cjfa-41512	243	9	from	from	ADP
cjfa-41512	243	10	stata	stata	NOUN
cjfa-41512	243	11	output	output	NOUN
cjfa-41512	243	12	.	.	PUNCT
cjfa-41512	244	1	the	the	DET
cjfa-41512	244	2	r	r	NOUN
cjfa-41512	244	3	-	-	PUNCT
cjfa-41512	244	4	squared	square	VERB
cjfa-41512	244	5	result	result	NOUN
cjfa-41512	244	6	of	of	ADP
cjfa-41512	244	7	fixed	fix	VERB
cjfa-41512	244	8	-	-	PUNCT
cjfa-41512	244	9	effect	effect	NOUN
cjfa-41512	244	10	regression	regression	NOUN
cjfa-41512	244	11	indicates	indicate	VERB
cjfa-41512	244	12	that	that	SCONJ
cjfa-41512	244	13	the	the	DET
cjfa-41512	244	14	dividend	dividend	NOUN
cjfa-41512	244	15	policy	policy	NOUN
cjfa-41512	244	16	variables	variable	NOUN
cjfa-41512	244	17	of	of	ADP
cjfa-41512	244	18	dividend	dividend	NOUN
cjfa-41512	244	19	payout	payout	NOUN
cjfa-41512	244	20	,	,	PUNCT
cjfa-41512	244	21	dividend	dividend	NOUN
cjfa-41512	244	22	yield	yield	NOUN
cjfa-41512	244	23	,	,	PUNCT
cjfa-41512	244	24	and	and	CCONJ
cjfa-41512	244	25	dividend	dividend	NOUN
cjfa-41512	244	26	pay	pay	NOUN
cjfa-41512	244	27	share	share	NOUN
cjfa-41512	244	28	,	,	PUNCT
cjfa-41512	244	29	as	as	ADV
cjfa-41512	244	30	well	well	ADV
cjfa-41512	244	31	as	as	ADP
cjfa-41512	244	32	the	the	DET
cjfa-41512	244	33	control	control	NOUN
cjfa-41512	244	34	variables	variable	NOUN
cjfa-41512	244	35	of	of	ADP
cjfa-41512	244	36	firm	firm	ADJ
cjfa-41512	244	37	size	size	NOUN
cjfa-41512	244	38	(	(	PUNCT
cjfa-41512	244	39	fsiz	fsiz	PROPN
cjfa-41512	244	40	)	)	PUNCT
cjfa-41512	244	41	and	and	CCONJ
cjfa-41512	244	42	firm	firm	ADJ
cjfa-41512	244	43	age	age	NOUN
cjfa-41512	244	44	(	(	PUNCT
cjfa-41512	244	45	firm	firm	NOUN
cjfa-41512	244	46	ag	ag	PROPN
cjfa-41512	244	47	)	)	PUNCT
cjfa-41512	244	48	used	use	VERB
cjfa-41512	244	49	in	in	ADP
cjfa-41512	244	50	the	the	DET
cjfa-41512	244	51	study	study	NOUN
cjfa-41512	244	52	,	,	PUNCT
cjfa-41512	244	53	together	together	ADV
cjfa-41512	244	54	accounted	account	VERB
cjfa-41512	244	55	for	for	ADP
cjfa-41512	244	56	about	about	ADV
cjfa-41512	244	57	70	70	NUM
cjfa-41512	244	58	%	%	NOUN
cjfa-41512	244	59	(	(	PUNCT
cjfa-41512	244	60	r	r	NOUN
cjfa-41512	244	61	-	-	PUNCT
cjfa-41512	244	62	squared	square	VERB
cjfa-41512	244	63	0.6899	0.6899	NUM
cjfa-41512	244	64	)	)	PUNCT
cjfa-41512	244	65	of	of	ADP
cjfa-41512	244	66	the	the	DET
cjfa-41512	244	67	systematic	systematic	ADJ
cjfa-41512	244	68	variations	variation	NOUN
cjfa-41512	244	69	in	in	ADP
cjfa-41512	244	70	the	the	DET
cjfa-41512	244	71	market	market	NOUN
cjfa-41512	244	72	price	price	NOUN
cjfa-41512	244	73	of	of	ADP
cjfa-41512	244	74	equity	equity	NOUN
cjfa-41512	244	75	shares	share	NOUN
cjfa-41512	244	76	of	of	ADP
cjfa-41512	244	77	non	non	ADJ
cjfa-41512	244	78	-	-	ADJ
cjfa-41512	244	79	financial	financial	ADJ
cjfa-41512	244	80	firms	firm	NOUN
cjfa-41512	244	81	on	on	ADP
cjfa-41512	244	82	the	the	DET
cjfa-41512	244	83	nigerian	nigerian	ADJ
cjfa-41512	244	84	stock	stock	NOUN
cjfa-41512	244	85	exchange	exchange	PROPN
cjfa-41512	244	86	.	.	PUNCT
cjfa-41512	245	1	the	the	DET
cjfa-41512	245	2	regression	regression	NOUN
cjfa-41512	245	3	model	model	NOUN
cjfa-41512	245	4	used	use	VERB
cjfa-41512	245	5	in	in	ADP
cjfa-41512	245	6	this	this	DET
cjfa-41512	245	7	study	study	NOUN
cjfa-41512	245	8	has	have	VERB
cjfa-41512	245	9	an	an	DET
cjfa-41512	245	10	f	f	NOUN
cjfa-41512	245	11	-	-	PUNCT
cjfa-41512	245	12	value	value	NOUN
cjfa-41512	245	13	of	of	ADP
cjfa-41512	245	14	9.13	9.13	NUM
cjfa-41512	245	15	and	and	CCONJ
cjfa-41512	245	16	a	a	DET
cjfa-41512	245	17	p	p	NOUN
cjfa-41512	245	18	-	-	PUNCT
cjfa-41512	245	19	value	value	NOUN
cjfa-41512	245	20	of	of	ADP
cjfa-41512	245	21	0.0000	0.0000	NUM
cjfa-41512	245	22	,	,	PUNCT
cjfa-41512	245	23	which	which	PRON
cjfa-41512	245	24	means	mean	VERB
cjfa-41512	245	25	it	it	PRON
cjfa-41512	245	26	is	be	AUX
cjfa-41512	245	27	statistically	statistically	ADV
cjfa-41512	245	28	significant	significant	ADJ
cjfa-41512	245	29	at	at	ADP
cjfa-41512	245	30	the	the	DET
cjfa-41512	245	31	1	1	NUM
cjfa-41512	245	32	%	%	NOUN
cjfa-41512	245	33	level	level	NOUN
cjfa-41512	245	34	.	.	PUNCT
cjfa-41512	246	1	this	this	PRON
cjfa-41512	246	2	means	mean	VERB
cjfa-41512	246	3	that	that	SCONJ
cjfa-41512	246	4	the	the	DET
cjfa-41512	246	5	regression	regression	NOUN
cjfa-41512	246	6	model	model	NOUN
cjfa-41512	246	7	is	be	AUX
cjfa-41512	246	8	appropriate	appropriate	ADJ
cjfa-41512	246	9	.	.	PUNCT
cjfa-41512	247	1	the	the	DET
cjfa-41512	247	2	coefficients	coefficient	NOUN
cjfa-41512	247	3	(	(	PUNCT
cjfa-41512	247	4	p	p	NOUN
cjfa-41512	247	5	-	-	PUNCT
cjfa-41512	247	6	value	value	NOUN
cjfa-41512	247	7	)	)	PUNCT
cjfa-41512	247	8	for	for	ADP
cjfa-41512	247	9	dividend	dividend	NOUN
cjfa-41512	247	10	payout	payout	NOUN
cjfa-41512	247	11	,	,	PUNCT
cjfa-41512	247	12	dividend	dividend	NOUN
cjfa-41512	247	13	yield	yield	NOUN
cjfa-41512	247	14	,	,	PUNCT
cjfa-41512	247	15	dividend	dividend	NOUN
cjfa-41512	247	16	per	per	ADP
cjfa-41512	247	17	share	share	NOUN
cjfa-41512	247	18	,	,	PUNCT
cjfa-41512	247	19	firm	firm	ADJ
cjfa-41512	247	20	size	size	NOUN
cjfa-41512	247	21	and	and	CCONJ
cjfa-41512	247	22	firm	firm	ADJ
cjfa-41512	247	23	age	age	NOUN
cjfa-41512	247	24	are	be	AUX
cjfa-41512	247	25	-.0175(0.638	-.0175(0.638	ADJ
cjfa-41512	247	26	)	)	PUNCT
cjfa-41512	247	27	,	,	PUNCT
cjfa-41512	247	28	-1.500(0.226	-1.500(0.226	NOUN
cjfa-41512	247	29	)	)	PUNCT
cjfa-41512	247	30	,	,	PUNCT
cjfa-41512	247	31	7.713(0.000	7.713(0.000	NUM
cjfa-41512	247	32	)	)	PUNCT
cjfa-41512	247	33	-1.150(0.972	-1.150(0.972	NUM
cjfa-41512	247	34	)	)	PUNCT
cjfa-41512	247	35	,	,	PUNCT
cjfa-41512	247	36	and	and	CCONJ
cjfa-41512	247	37	-1.375(0.575	-1.375(0.575	VERB
cjfa-41512	247	38	)	)	PUNCT
cjfa-41512	247	39	respectively	respectively	ADV
cjfa-41512	247	40	.	.	PUNCT
cjfa-41512	248	1	these	these	DET
cjfa-41512	248	2	coefficients	coefficient	NOUN
cjfa-41512	248	3	of	of	ADP
cjfa-41512	248	4	variation	variation	NOUN
cjfa-41512	248	5	(	(	PUNCT
cjfa-41512	248	6	β	β	NOUN
cjfa-41512	248	7	)	)	PUNCT
cjfa-41512	248	8	which	which	PRON
cjfa-41512	248	9	describe	describe	VERB
cjfa-41512	248	10	the	the	DET
cjfa-41512	248	11	direction	direction	NOUN
cjfa-41512	248	12	of	of	ADP
cjfa-41512	248	13	variation	variation	NOUN
cjfa-41512	248	14	,	,	PUNCT
cjfa-41512	248	15	are	be	AUX
cjfa-41512	248	16	negative	negative	ADJ
cjfa-41512	248	17	for	for	ADP
cjfa-41512	248	18	dividend	dividend	NOUN
cjfa-41512	248	19	payout	payout	NOUN
cjfa-41512	248	20	(	(	PUNCT
cjfa-41512	248	21	div	div	X
cjfa-41512	248	22	pout	pout	ADV
cjfa-41512	248	23	)	)	PUNCT
cjfa-41512	248	24	,	,	PUNCT
cjfa-41512	248	25	dividend	dividend	NOUN
cjfa-41512	248	26	yield	yield	NOUN
cjfa-41512	248	27	(	(	PUNCT
cjfa-41512	248	28	did	do	VERB
cjfa-41512	248	29	yild	yild	NOUN
cjfa-41512	248	30	)	)	PUNCT
cjfa-41512	248	31	,	,	PUNCT
cjfa-41512	248	32	control	control	NOUN
cjfa-41512	248	33	variables	variable	NOUN
cjfa-41512	248	34	firm	firm	ADJ
cjfa-41512	248	35	size	size	NOUN
cjfa-41512	248	36	(	(	PUNCT
cjfa-41512	248	37	fsiz	fsiz	PROPN
cjfa-41512	248	38	)	)	PUNCT
cjfa-41512	248	39	,	,	PUNCT
cjfa-41512	248	40	and	and	CCONJ
cjfa-41512	248	41	firm	firm	ADJ
cjfa-41512	248	42	age	age	NOUN
cjfa-41512	248	43	(	(	PUNCT
cjfa-41512	248	44	firm	firm	NOUN
cjfa-41512	248	45	ag	ag	PROPN
cjfa-41512	248	46	)	)	PUNCT
cjfa-41512	248	47	,	,	PUNCT
cjfa-41512	248	48	but	but	CCONJ
cjfa-41512	248	49	positive	positive	ADJ
cjfa-41512	248	50	for	for	ADP
cjfa-41512	248	51	dividend	dividend	NOUN
cjfa-41512	248	52	per	per	ADP
cjfa-41512	248	53	share	share	NOUN
cjfa-41512	248	54	(	(	PUNCT
cjfa-41512	248	55	div	div	X
cjfa-41512	248	56	pout	pout	ADV
cjfa-41512	248	57	)	)	PUNCT
cjfa-41512	248	58	(	(	PUNCT
cjfa-41512	248	59	dps	dps	NOUN
cjfa-41512	248	60	)	)	PUNCT
cjfa-41512	248	61	.	.	PUNCT
cjfa-41512	249	1	corresponding	correspond	VERB
cjfa-41512	249	2	p	p	NOUN
cjfa-41512	249	3	-	-	PUNCT
cjfa-41512	249	4	values	value	NOUN
cjfa-41512	249	5	for	for	ADP
cjfa-41512	249	6	dividend	dividend	NOUN
cjfa-41512	249	7	payout	payout	NOUN
cjfa-41512	249	8	,	,	PUNCT
cjfa-41512	249	9	dividend	dividend	NOUN
cjfa-41512	249	10	yield	yield	NOUN
cjfa-41512	249	11	,	,	PUNCT
cjfa-41512	249	12	firm	firm	ADJ
cjfa-41512	249	13	size	size	NOUN
cjfa-41512	249	14	and	and	CCONJ
cjfa-41512	249	15	firm	firm	ADJ
cjfa-41512	249	16	age	age	NOUN
cjfa-41512	249	17	are	be	AUX
cjfa-41512	249	18	all	all	ADV
cjfa-41512	249	19	greater	great	ADJ
cjfa-41512	249	20	that	that	SCONJ
cjfa-41512	249	21	0.05(5	0.05(5	PROPN
cjfa-41512	249	22	%	%	NOUN
cjfa-41512	249	23	)	)	PUNCT
cjfa-41512	249	24	showing	show	VERB
cjfa-41512	249	25	that	that	SCONJ
cjfa-41512	249	26	these	these	DET
cjfa-41512	249	27	variables	variable	NOUN
cjfa-41512	249	28	do	do	AUX
cjfa-41512	249	29	not	not	PART
cjfa-41512	249	30	have	have	VERB
cjfa-41512	249	31	significant	significant	ADJ
cjfa-41512	249	32	effect	effect	NOUN
cjfa-41512	249	33	on	on	ADP
cjfa-41512	249	34	market	market	NOUN
cjfa-41512	249	35	price	price	NOUN
cjfa-41512	249	36	of	of	ADP
cjfa-41512	249	37	shares	share	NOUN
cjfa-41512	249	38	.	.	PUNCT
cjfa-41512	250	1	thus	thus	ADV
cjfa-41512	250	2	,	,	PUNCT
cjfa-41512	250	3	the	the	DET
cjfa-41512	250	4	null	null	ADJ
cjfa-41512	250	5	hypotheses	hypothesis	NOUN
cjfa-41512	250	6	for	for	ADP
cjfa-41512	250	7	dividend	dividend	NOUN
cjfa-41512	250	8	payout	payout	NOUN
cjfa-41512	250	9	and	and	CCONJ
cjfa-41512	250	10	dividend	dividend	NOUN
cjfa-41512	250	11	yield	yield	NOUN
cjfa-41512	250	12	are	be	AUX
cjfa-41512	250	13	accepted	accept	VERB
cjfa-41512	250	14	at	at	ADP
cjfa-41512	250	15	5	5	NUM
cjfa-41512	250	16	%	%	NOUN
cjfa-41512	250	17	significance	significance	NOUN
cjfa-41512	250	18	level	level	NOUN
cjfa-41512	250	19	and	and	CCONJ
cjfa-41512	250	20	the	the	DET
cjfa-41512	250	21	alternative	alternative	ADJ
cjfa-41512	250	22	hypothesis	hypothesis	NOUN
cjfa-41512	250	23	is	be	AUX
cjfa-41512	250	24	rejected	reject	VERB
cjfa-41512	250	25	.	.	PUNCT
cjfa-41512	251	1	the	the	DET
cjfa-41512	251	2	coefficients	coefficient	NOUN
cjfa-41512	251	3	and	and	CCONJ
cjfa-41512	251	4	p	p	NOUN
cjfa-41512	251	5	-	-	PUNCT
cjfa-41512	251	6	value	value	NOUN
cjfa-41512	251	7	for	for	ADP
cjfa-41512	251	8	dividend	dividend	NOUN
cjfa-41512	251	9	per	per	ADP
cjfa-41512	251	10	share	share	NOUN
cjfa-41512	251	11	is	be	AUX
cjfa-41512	251	12	7.713(0.000	7.713(0.000	NUM
cjfa-41512	251	13	)	)	PUNCT
cjfa-41512	251	14	.	.	PUNCT
cjfa-41512	252	1	this	this	PRON
cjfa-41512	252	2	indicates	indicate	VERB
cjfa-41512	252	3	reaction	reaction	NOUN
cjfa-41512	252	4	of	of	ADP
cjfa-41512	252	5	share	share	NOUN
cjfa-41512	252	6	prices	price	NOUN
cjfa-41512	252	7	to	to	PART
cjfa-41512	252	8	dividend	dividend	VERB
cjfa-41512	252	9	policy	policy	NOUN
cjfa-41512	252	10	…	…	PUNCT
cjfa-41512	252	11	4545	4545	NUM
cjfa-41512	252	12	that	that	PRON
cjfa-41512	252	13	dividend	dividend	VERB
cjfa-41512	252	14	per	per	ADP
cjfa-41512	252	15	share	share	NOUN
cjfa-41512	252	16	has	have	VERB
cjfa-41512	252	17	positive	positive	ADJ
cjfa-41512	252	18	and	and	CCONJ
cjfa-41512	252	19	significant	significant	ADJ
cjfa-41512	252	20	effect	effect	NOUN
cjfa-41512	252	21	on	on	ADP
cjfa-41512	252	22	market	market	NOUN
cjfa-41512	252	23	price	price	NOUN
cjfa-41512	252	24	of	of	ADP
cjfa-41512	252	25	shares	share	NOUN
cjfa-41512	252	26	.	.	PUNCT
cjfa-41512	253	1	the	the	DET
cjfa-41512	253	2	null	null	ADJ
cjfa-41512	253	3	hypothesis	hypothesis	NOUN
cjfa-41512	253	4	is	be	AUX
cjfa-41512	253	5	rejected	reject	VERB
cjfa-41512	253	6	and	and	CCONJ
cjfa-41512	253	7	alternative	alternative	ADJ
cjfa-41512	253	8	hypothesis	hypothesis	NOUN
cjfa-41512	253	9	accepted	accept	VERB
cjfa-41512	253	10	.	.	PUNCT
cjfa-41512	254	1	coefficients	coefficient	NOUN
cjfa-41512	254	2	and	and	CCONJ
cjfa-41512	254	3	p	p	NOUN
cjfa-41512	254	4	-	-	PUNCT
cjfa-41512	254	5	values	value	NOUN
cjfa-41512	254	6	of	of	ADP
cjfa-41512	254	7	the	the	DET
cjfa-41512	254	8	two	two	NUM
cjfa-41512	254	9	control	control	NOUN
cjfa-41512	254	10	variables	variable	NOUN
cjfa-41512	254	11	,	,	PUNCT
cjfa-41512	254	12	firm	firm	ADJ
cjfa-41512	254	13	size	size	NOUN
cjfa-41512	254	14	and	and	CCONJ
cjfa-41512	254	15	firm	firm	ADJ
cjfa-41512	254	16	age	age	NOUN
cjfa-41512	254	17	,	,	PUNCT
cjfa-41512	254	18	were	be	AUX
cjfa-41512	254	19	negative	negative	ADJ
cjfa-41512	254	20	and	and	CCONJ
cjfa-41512	254	21	statistically	statistically	ADV
cjfa-41512	254	22	not	not	PART
cjfa-41512	254	23	significant	significant	ADJ
cjfa-41512	254	24	on	on	ADP
cjfa-41512	254	25	market	market	NOUN
cjfa-41512	254	26	price	price	NOUN
cjfa-41512	254	27	of	of	ADP
cjfa-41512	254	28	share	share	NOUN
cjfa-41512	254	29	.	.	PUNCT
cjfa-41512	255	1	discussion	discussion	NOUN
cjfa-41512	255	2	of	of	ADP
cjfa-41512	255	3	findingsdiscussion	findingsdiscussion	NOUN
cjfa-41512	255	4	of	of	ADP
cjfa-41512	255	5	findings	finding	NOUN
cjfa-41512	255	6	findings	finding	NOUN
cjfa-41512	255	7	of	of	ADP
cjfa-41512	255	8	this	this	DET
cjfa-41512	255	9	study	study	NOUN
cjfa-41512	255	10	revealed	reveal	VERB
cjfa-41512	255	11	that	that	SCONJ
cjfa-41512	255	12	dividend	dividend	NOUN
cjfa-41512	255	13	payout	payout	NOUN
cjfa-41512	255	14	and	and	CCONJ
cjfa-41512	255	15	dividend	dividend	NOUN
cjfa-41512	255	16	yield	yield	NOUN
cjfa-41512	255	17	of	of	ADP
cjfa-41512	255	18	nonfinancial	nonfinancial	ADJ
cjfa-41512	255	19	firms	firm	NOUN
cjfa-41512	255	20	included	include	VERB
cjfa-41512	255	21	in	in	ADP
cjfa-41512	255	22	the	the	DET
cjfa-41512	255	23	study	study	NOUN
cjfa-41512	255	24	do	do	AUX
cjfa-41512	255	25	not	not	PART
cjfa-41512	255	26	have	have	VERB
cjfa-41512	255	27	significant	significant	ADJ
cjfa-41512	255	28	effect	effect	NOUN
cjfa-41512	255	29	on	on	ADP
cjfa-41512	255	30	market	market	NOUN
cjfa-41512	255	31	price	price	NOUN
cjfa-41512	255	32	of	of	ADP
cjfa-41512	255	33	shares	share	NOUN
cjfa-41512	255	34	.	.	PUNCT
cjfa-41512	256	1	this	this	PRON
cjfa-41512	256	2	indicates	indicate	VERB
cjfa-41512	256	3	that	that	PRON
cjfa-41512	256	4	increase	increase	NOUN
cjfa-41512	256	5	in	in	ADP
cjfa-41512	256	6	the	the	DET
cjfa-41512	256	7	market	market	NOUN
cjfa-41512	256	8	price	price	NOUN
cjfa-41512	256	9	of	of	ADP
cjfa-41512	256	10	shares	share	NOUN
cjfa-41512	256	11	during	during	ADP
cjfa-41512	256	12	the	the	DET
cjfa-41512	256	13	period	period	NOUN
cjfa-41512	256	14	was	be	AUX
cjfa-41512	256	15	not	not	PART
cjfa-41512	256	16	as	as	ADP
cjfa-41512	256	17	a	a	DET
cjfa-41512	256	18	result	result	NOUN
cjfa-41512	256	19	of	of	ADP
cjfa-41512	256	20	firms	firm	NOUN
cjfa-41512	256	21	’	'	PUNCT
cjfa-41512	256	22	dividend	dividend	NOUN
cjfa-41512	256	23	payout	payout	NOUN
cjfa-41512	256	24	and	and	CCONJ
cjfa-41512	256	25	dividend	dividend	NOUN
cjfa-41512	256	26	yield	yield	NOUN
cjfa-41512	256	27	.	.	PUNCT
cjfa-41512	257	1	it	it	PRON
cjfa-41512	257	2	also	also	ADV
cjfa-41512	257	3	shows	show	VERB
cjfa-41512	257	4	that	that	SCONJ
cjfa-41512	257	5	fraction	fraction	NOUN
cjfa-41512	257	6	of	of	ADP
cjfa-41512	257	7	firms	firm	NOUN
cjfa-41512	257	8	’	’	PART
cjfa-41512	257	9	earnings	earning	NOUN
cjfa-41512	257	10	that	that	PRON
cjfa-41512	257	11	are	be	AUX
cjfa-41512	257	12	paid	pay	VERB
cjfa-41512	257	13	in	in	ADP
cjfa-41512	257	14	the	the	DET
cjfa-41512	257	15	form	form	NOUN
cjfa-41512	257	16	of	of	ADP
cjfa-41512	257	17	dividends	dividend	NOUN
cjfa-41512	257	18	do	do	VERB
cjfa-41512	257	19	no	no	DET
cjfa-41512	257	20	motivate	motivate	VERB
cjfa-41512	257	21	investors	investor	NOUN
cjfa-41512	257	22	to	to	PART
cjfa-41512	257	23	pay	pay	VERB
cjfa-41512	257	24	for	for	ADP
cjfa-41512	257	25	shares	share	NOUN
cjfa-41512	257	26	.	.	PUNCT
cjfa-41512	258	1	this	this	DET
cjfa-41512	258	2	finding	finding	NOUN
cjfa-41512	258	3	did	do	AUX
cjfa-41512	258	4	not	not	PART
cjfa-41512	258	5	support	support	VERB
cjfa-41512	258	6	gordon	gordon	PROPN
cjfa-41512	258	7	’s	’s	PART
cjfa-41512	258	8	bird	bird	NOUN
cjfa-41512	258	9	in	in	ADP
cjfa-41512	258	10	hand	hand	NOUN
cjfa-41512	258	11	theory	theory	NOUN
cjfa-41512	258	12	that	that	SCONJ
cjfa-41512	258	13	firm	firm	NOUN
cjfa-41512	258	14	can	can	AUX
cjfa-41512	258	15	employ	employ	VERB
cjfa-41512	258	16	dividend	dividend	NOUN
cjfa-41512	258	17	payment	payment	NOUN
cjfa-41512	258	18	as	as	ADP
cjfa-41512	258	19	a	a	DET
cjfa-41512	258	20	strategy	strategy	NOUN
cjfa-41512	258	21	to	to	PART
cjfa-41512	258	22	influence	influence	VERB
cjfa-41512	258	23	market	market	NOUN
cjfa-41512	258	24	price	price	NOUN
cjfa-41512	258	25	.	.	PUNCT
cjfa-41512	259	1	it	it	PRON
cjfa-41512	259	2	shows	show	VERB
cjfa-41512	259	3	that	that	SCONJ
cjfa-41512	259	4	investors	investor	NOUN
cjfa-41512	259	5	still	still	ADV
cjfa-41512	259	6	sought	seek	VERB
cjfa-41512	259	7	for	for	ADP
cjfa-41512	259	8	and	and	CCONJ
cjfa-41512	259	9	are	be	AUX
cjfa-41512	259	10	paying	pay	VERB
cjfa-41512	259	11	for	for	ADP
cjfa-41512	259	12	securities	security	NOUN
cjfa-41512	259	13	even	even	ADV
cjfa-41512	259	14	when	when	SCONJ
cjfa-41512	259	15	the	the	DET
cjfa-41512	259	16	dividend	dividend	NOUN
cjfa-41512	259	17	payout	payout	NOUN
cjfa-41512	259	18	and	and	CCONJ
cjfa-41512	259	19	yield	yield	NOUN
cjfa-41512	259	20	is	be	AUX
cjfa-41512	259	21	low	low	ADJ
cjfa-41512	259	22	.	.	PUNCT
cjfa-41512	260	1	it	it	PRON
cjfa-41512	260	2	also	also	ADV
cjfa-41512	260	3	indicates	indicate	VERB
cjfa-41512	260	4	that	that	SCONJ
cjfa-41512	260	5	investors	investor	NOUN
cjfa-41512	260	6	can	can	AUX
cjfa-41512	260	7	buy	buy	VERB
cjfa-41512	260	8	or	or	CCONJ
cjfa-41512	260	9	sell	sell	VERB
cjfa-41512	260	10	shares	share	NOUN
cjfa-41512	260	11	base	base	NOUN
cjfa-41512	260	12	on	on	ADP
cjfa-41512	260	13	availability	availability	NOUN
cjfa-41512	260	14	or	or	CCONJ
cjfa-41512	260	15	need	need	NOUN
cjfa-41512	260	16	for	for	ADP
cjfa-41512	260	17	fund	fund	NOUN
cjfa-41512	260	18	and	and	CCONJ
cjfa-41512	260	19	not	not	PART
cjfa-41512	260	20	necessary	necessary	ADJ
cjfa-41512	260	21	on	on	ADP
cjfa-41512	260	22	whether	whether	SCONJ
cjfa-41512	260	23	dividend	dividend	NOUN
cjfa-41512	260	24	is	be	AUX
cjfa-41512	260	25	paid	pay	VERB
cjfa-41512	260	26	by	by	ADP
cjfa-41512	260	27	firms	firm	NOUN
cjfa-41512	260	28	or	or	CCONJ
cjfa-41512	260	29	not	not	PART
cjfa-41512	260	30	.	.	PUNCT
cjfa-41512	261	1	this	this	PRON
cjfa-41512	261	2	resulted	result	VERB
cjfa-41512	261	3	in	in	ADP
cjfa-41512	261	4	increase	increase	NOUN
cjfa-41512	261	5	in	in	ADP
cjfa-41512	261	6	market	market	NOUN
cjfa-41512	261	7	price	price	NOUN
cjfa-41512	261	8	of	of	ADP
cjfa-41512	261	9	shares	share	NOUN
cjfa-41512	261	10	when	when	SCONJ
cjfa-41512	261	11	even	even	ADV
cjfa-41512	261	12	as	as	SCONJ
cjfa-41512	261	13	there	there	PRON
cjfa-41512	261	14	is	be	VERB
cjfa-41512	261	15	decrease	decrease	NOUN
cjfa-41512	261	16	in	in	ADP
cjfa-41512	261	17	dividend	dividend	NOUN
cjfa-41512	261	18	payout	payout	NOUN
cjfa-41512	261	19	and	and	CCONJ
cjfa-41512	261	20	dividend	dividend	NOUN
cjfa-41512	261	21	yield	yield	NOUN
cjfa-41512	261	22	.	.	PUNCT
cjfa-41512	262	1	these	these	DET
cjfa-41512	262	2	findings	finding	NOUN
cjfa-41512	262	3	support	support	VERB
cjfa-41512	262	4	the	the	DET
cjfa-41512	262	5	previous	previous	ADJ
cjfa-41512	262	6	research	research	NOUN
cjfa-41512	262	7	results	result	NOUN
cjfa-41512	262	8	that	that	PRON
cjfa-41512	262	9	dividend	dividend	VERB
cjfa-41512	262	10	payout	payout	NOUN
cjfa-41512	262	11	and	and	CCONJ
cjfa-41512	262	12	dividend	dividend	NOUN
cjfa-41512	262	13	yield	yield	NOUN
cjfa-41512	262	14	has	have	VERB
cjfa-41512	262	15	negative	negative	ADJ
cjfa-41512	262	16	and	and	CCONJ
cjfa-41512	262	17	insignificant	insignificant	ADJ
cjfa-41512	262	18	effect	effect	NOUN
cjfa-41512	262	19	of	of	ADP
cjfa-41512	262	20	market	market	NOUN
cjfa-41512	262	21	price	price	NOUN
cjfa-41512	262	22	of	of	ADP
cjfa-41512	262	23	shares	share	NOUN
cjfa-41512	262	24	(	(	PUNCT
cjfa-41512	262	25	ubesie	ubesie	NOUN
cjfa-41512	262	26	et	et	NOUN
cjfa-41512	262	27	al	al	PROPN
cjfa-41512	262	28	.	.	PROPN
cjfa-41512	262	29	,	,	PUNCT
cjfa-41512	262	30	2020	2020	NUM
cjfa-41512	262	31	;	;	PUNCT
cjfa-41512	262	32	sharif	sharif	PROPN
cjfa-41512	262	33	et	et	PROPN
cjfa-41512	262	34	al	al	PROPN
cjfa-41512	262	35	.	.	PROPN
cjfa-41512	262	36	,	,	PUNCT
cjfa-41512	262	37	2015	2015	NUM
cjfa-41512	262	38	;	;	PUNCT
cjfa-41512	262	39	usman	usman	PROPN
cjfa-41512	262	40	,	,	PUNCT
cjfa-41512	262	41	lestari	lestari	PROPN
cjfa-41512	262	42	and	and	CCONJ
cjfa-41512	262	43	sofyan	sofyan	ADJ
cjfa-41512	262	44	(	(	PUNCT
cjfa-41512	262	45	2020	2020	NUM
cjfa-41512	262	46	)	)	PUNCT
cjfa-41512	262	47	.	.	PUNCT
cjfa-41512	263	1	however	however	ADV
cjfa-41512	263	2	,	,	PUNCT
cjfa-41512	263	3	it	it	PRON
cjfa-41512	263	4	contradicts	contradict	VERB
cjfa-41512	263	5	the	the	DET
cjfa-41512	263	6	findings	finding	NOUN
cjfa-41512	263	7	of	of	ADP
cjfa-41512	263	8	ugwu	ugwu	ADJ
cjfa-41512	263	9	,	,	PUNCT
cjfa-41512	263	10	onyeka	onyeka	NOUN
cjfa-41512	263	11	,	,	PUNCT
cjfa-41512	263	12	and	and	CCONJ
cjfa-41512	263	13	okwa	okwa	NOUN
cjfa-41512	263	14	,	,	PUNCT
cjfa-41512	263	15	(	(	PUNCT
cjfa-41512	263	16	2020	2020	NUM
cjfa-41512	263	17	)	)	PUNCT
cjfa-41512	263	18	,	,	PUNCT
cjfa-41512	263	19	enekwe	enekwe	VERB
cjfa-41512	263	20	et	et	PROPN
cjfa-41512	263	21	al	al	PROPN
cjfa-41512	263	22	.	.	PUNCT
cjfa-41512	264	1	(	(	PUNCT
cjfa-41512	264	2	2015	2015	NUM
cjfa-41512	264	3	)	)	PUNCT
cjfa-41512	264	4	,	,	PUNCT
cjfa-41512	264	5	naz	naz	PROPN
cjfa-41512	264	6	and	and	CCONJ
cjfa-41512	264	7	siddiqui	siddiqui	NOUN
cjfa-41512	264	8	(	(	PUNCT
cjfa-41512	264	9	2020	2020	NUM
cjfa-41512	264	10	)	)	PUNCT
cjfa-41512	264	11	iftikhar	iftikhar	PROPN
cjfa-41512	264	12	,	,	PUNCT
cjfa-41512	264	13	raja	raja	PROPN
cjfa-41512	264	14	and	and	CCONJ
cjfa-41512	264	15	sehran	sehran	NOUN
cjfa-41512	264	16	(	(	PUNCT
cjfa-41512	264	17	2017	2017	NUM
cjfa-41512	264	18	)	)	PUNCT
cjfa-41512	264	19	and	and	CCONJ
cjfa-41512	264	20	habib	habib	PROPN
cjfa-41512	264	21	,	,	PUNCT
cjfa-41512	264	22	kiani	kiani	PROPN
cjfa-41512	264	23	and	and	CCONJ
cjfa-41512	264	24	khan	khan	PROPN
cjfa-41512	264	25	(	(	PUNCT
cjfa-41512	264	26	2012	2012	NUM
cjfa-41512	264	27	)	)	PUNCT
cjfa-41512	264	28	that	that	PRON
cjfa-41512	264	29	dividend	dividend	VERB
cjfa-41512	264	30	payout	payout	NOUN
cjfa-41512	264	31	and	and	CCONJ
cjfa-41512	264	32	dividend	dividend	NOUN
cjfa-41512	264	33	yield	yield	NOUN
cjfa-41512	264	34	have	have	VERB
cjfa-41512	264	35	positive	positive	ADJ
cjfa-41512	264	36	and	and	CCONJ
cjfa-41512	264	37	significant	significant	ADJ
cjfa-41512	264	38	effect	effect	NOUN
cjfa-41512	264	39	on	on	ADP
cjfa-41512	264	40	firm	firm	ADJ
cjfa-41512	264	41	valuation	valuation	NOUN
cjfa-41512	264	42	and	and	CCONJ
cjfa-41512	264	43	share	share	NOUN
cjfa-41512	264	44	price	price	NOUN
cjfa-41512	264	45	volatility	volatility	NOUN
cjfa-41512	264	46	.	.	PUNCT
cjfa-41512	265	1	the	the	DET
cjfa-41512	265	2	analyses	analysis	NOUN
cjfa-41512	265	3	also	also	ADV
cjfa-41512	265	4	showed	show	VERB
cjfa-41512	265	5	that	that	PRON
cjfa-41512	265	6	dividend	dividend	NOUN
cjfa-41512	265	7	per	per	ADP
cjfa-41512	265	8	share	share	NOUN
cjfa-41512	265	9	has	have	VERB
cjfa-41512	265	10	positive	positive	ADJ
cjfa-41512	265	11	and	and	CCONJ
cjfa-41512	265	12	significant	significant	ADJ
cjfa-41512	265	13	effect	effect	NOUN
cjfa-41512	265	14	on	on	ADP
cjfa-41512	265	15	market	market	NOUN
cjfa-41512	265	16	price	price	NOUN
cjfa-41512	265	17	of	of	ADP
cjfa-41512	265	18	shares	share	NOUN
cjfa-41512	265	19	of	of	ADP
cjfa-41512	265	20	sampled	sample	VERB
cjfa-41512	265	21	firms	firm	NOUN
cjfa-41512	265	22	.	.	PUNCT
cjfa-41512	266	1	this	this	DET
cjfa-41512	266	2	result	result	NOUN
cjfa-41512	266	3	indicates	indicate	VERB
cjfa-41512	266	4	that	that	SCONJ
cjfa-41512	266	5	the	the	DET
cjfa-41512	266	6	amount	amount	NOUN
cjfa-41512	266	7	that	that	PRON
cjfa-41512	266	8	firms	firm	NOUN
cjfa-41512	266	9	pay	pay	VERB
cjfa-41512	266	10	as	as	ADP
cjfa-41512	266	11	dividend	dividend	NOUN
cjfa-41512	266	12	in	in	ADP
cjfa-41512	266	13	relation	relation	NOUN
cjfa-41512	266	14	to	to	ADP
cjfa-41512	266	15	their	their	PRON
cjfa-41512	266	16	ordinary	ordinary	ADJ
cjfa-41512	266	17	shares	share	NOUN
cjfa-41512	266	18	is	be	AUX
cjfa-41512	266	19	considered	consider	VERB
cjfa-41512	266	20	by	by	ADP
cjfa-41512	266	21	investors	investor	NOUN
cjfa-41512	266	22	in	in	ADP
cjfa-41512	266	23	evaluating	evaluate	VERB
cjfa-41512	266	24	and	and	CCONJ
cjfa-41512	266	25	pricing	price	VERB
cjfa-41512	266	26	various	various	ADJ
cjfa-41512	266	27	shares	share	NOUN
cjfa-41512	266	28	to	to	PART
cjfa-41512	266	29	invest	invest	VERB
cjfa-41512	266	30	in	in	ADP
cjfa-41512	266	31	.	.	PUNCT
cjfa-41512	267	1	this	this	DET
cjfa-41512	267	2	outcome	outcome	NOUN
cjfa-41512	267	3	corroborates	corroborate	VERB
cjfa-41512	267	4	the	the	DET
cjfa-41512	267	5	findings	finding	NOUN
cjfa-41512	267	6	of	of	ADP
cjfa-41512	267	7	ubesie	ubesie	NOUN
cjfa-41512	267	8	et	et	PROPN
cjfa-41512	267	9	al	al	PROPN
cjfa-41512	267	10	.	.	PROPN
cjfa-41512	268	1	(	(	PUNCT
cjfa-41512	268	2	2020	2020	NUM
cjfa-41512	268	3	)	)	PUNCT
cjfa-41512	268	4	and	and	CCONJ
cjfa-41512	268	5	chiedu	chiedu	PROPN
cjfa-41512	268	6	and	and	CCONJ
cjfa-41512	268	7	okonkwo	okonkwo	NOUN
cjfa-41512	268	8	(	(	PUNCT
cjfa-41512	268	9	2020	2020	NUM
cjfa-41512	268	10	)	)	PUNCT
cjfa-41512	268	11	that	that	PRON
cjfa-41512	268	12	dividend	dividend	NOUN
cjfa-41512	268	13	per	per	ADP
cjfa-41512	268	14	share	share	NOUN
cjfa-41512	268	15	has	have	VERB
cjfa-41512	268	16	positive	positive	ADJ
cjfa-41512	268	17	and	and	CCONJ
cjfa-41512	268	18	significant	significant	ADJ
cjfa-41512	268	19	relationship	relationship	NOUN
cjfa-41512	268	20	with	with	ADP
cjfa-41512	268	21	shareholders	shareholder	NOUN
cjfa-41512	268	22	’	’	PART
cjfa-41512	268	23	wealth	wealth	NOUN
cjfa-41512	268	24	creation	creation	NOUN
cjfa-41512	268	25	and	and	CCONJ
cjfa-41512	268	26	firm	firm	ADJ
cjfa-41512	268	27	performance	performance	NOUN
cjfa-41512	268	28	.	.	PUNCT
cjfa-41512	269	1	the	the	DET
cjfa-41512	269	2	result	result	NOUN
cjfa-41512	269	3	,	,	PUNCT
cjfa-41512	269	4	however	however	ADV
cjfa-41512	269	5	,	,	PUNCT
cjfa-41512	269	6	contradicts	contradict	VERB
cjfa-41512	269	7	the	the	DET
cjfa-41512	269	8	miller	miller	NOUN
cjfa-41512	269	9	and	and	CCONJ
cjfa-41512	269	10	modigliani	modigliani	PROPN
cjfa-41512	269	11	(	(	PUNCT
cjfa-41512	269	12	1961	1961	NUM
cjfa-41512	269	13	)	)	PUNCT
cjfa-41512	269	14	theory	theory	NOUN
cjfa-41512	269	15	of	of	ADP
cjfa-41512	269	16	dividend	dividend	NOUN
cjfa-41512	269	17	irrelevance	irrelevance	NOUN
cjfa-41512	269	18	,	,	PUNCT
cjfa-41512	269	19	which	which	PRON
cjfa-41512	269	20	states	state	VERB
cjfa-41512	269	21	that	that	SCONJ
cjfa-41512	269	22	firms	firm	NOUN
cjfa-41512	269	23	can	can	AUX
cjfa-41512	269	24	not	not	PART
cjfa-41512	269	25	use	use	VERB
cjfa-41512	269	26	dividend	dividend	NOUN
cjfa-41512	269	27	payment	payment	NOUN
cjfa-41512	269	28	as	as	ADP
cjfa-41512	269	29	a	a	DET
cjfa-41512	269	30	strategy	strategy	NOUN
cjfa-41512	269	31	n.a	n.a	PROPN
cjfa-41512	269	32	.	.	PROPN
cjfa-41512	269	33	emeka	emeka	PROPN
cjfa-41512	269	34	-	-	PUNCT
cjfa-41512	269	35	nwokeji	nwokeji	PROPN
cjfa-41512	269	36	,	,	PUNCT
cjfa-41512	269	37	e.	e.	PROPN
cjfa-41512	269	38	nangih	nangih	PROPN
cjfa-41512	269	39	,	,	PUNCT
cjfa-41512	269	40	c.o	c.o	PROPN
cjfa-41512	269	41	.	.	PROPN
cjfa-41512	269	42	chiedu	chiedu	PROPN
cjfa-41512	269	43	,	,	PUNCT
cjfa-41512	269	44	e.n	e.n	PROPN
cjfa-41512	269	45	.	.	PROPN
cjfa-41512	269	46	ekwunife4646	ekwunife4646	PROPN
cjfa-41512	269	47	to	to	PART
cjfa-41512	269	48	boost	boost	VERB
cjfa-41512	269	49	the	the	DET
cjfa-41512	269	50	value	value	NOUN
cjfa-41512	269	51	of	of	ADP
cjfa-41512	269	52	their	their	PRON
cjfa-41512	269	53	shares	share	NOUN
cjfa-41512	269	54	.	.	PUNCT
cjfa-41512	270	1	the	the	DET
cjfa-41512	270	2	control	control	NOUN
cjfa-41512	270	3	variables	variable	NOUN
cjfa-41512	270	4	of	of	ADP
cjfa-41512	270	5	firm	firm	ADJ
cjfa-41512	270	6	size	size	NOUN
cjfa-41512	270	7	and	and	CCONJ
cjfa-41512	270	8	firm	firm	ADJ
cjfa-41512	270	9	age	age	NOUN
cjfa-41512	270	10	is	be	AUX
cjfa-41512	270	11	negative	negative	ADJ
cjfa-41512	270	12	and	and	CCONJ
cjfa-41512	270	13	have	have	VERB
cjfa-41512	270	14	no	no	DET
cjfa-41512	270	15	significant	significant	ADJ
cjfa-41512	270	16	effect	effect	NOUN
cjfa-41512	270	17	on	on	ADP
cjfa-41512	270	18	market	market	NOUN
cjfa-41512	270	19	price	price	NOUN
cjfa-41512	270	20	of	of	ADP
cjfa-41512	270	21	shares	share	NOUN
cjfa-41512	270	22	.	.	PUNCT
cjfa-41512	271	1	meaning	mean	VERB
cjfa-41512	271	2	that	that	DET
cjfa-41512	271	3	size	size	NOUN
cjfa-41512	271	4	and	and	CCONJ
cjfa-41512	271	5	age	age	NOUN
cjfa-41512	271	6	of	of	ADP
cjfa-41512	271	7	a	a	DET
cjfa-41512	271	8	firm	firm	NOUN
cjfa-41512	271	9	are	be	AUX
cjfa-41512	271	10	not	not	PART
cjfa-41512	271	11	important	important	ADJ
cjfa-41512	271	12	variables	variable	NOUN
cjfa-41512	271	13	that	that	PRON
cjfa-41512	271	14	affect	affect	VERB
cjfa-41512	271	15	price	price	NOUN
cjfa-41512	271	16	of	of	ADP
cjfa-41512	271	17	shares	share	NOUN
cjfa-41512	271	18	.	.	PUNCT
cjfa-41512	272	1	this	this	PRON
cjfa-41512	272	2	indicates	indicate	VERB
cjfa-41512	272	3	that	that	SCONJ
cjfa-41512	272	4	investors	investor	NOUN
cjfa-41512	272	5	do	do	AUX
cjfa-41512	272	6	n’t	not	PART
cjfa-41512	272	7	place	place	VERB
cjfa-41512	272	8	much	much	ADJ
cjfa-41512	272	9	value	value	NOUN
cjfa-41512	272	10	on	on	ADP
cjfa-41512	272	11	larger	large	ADJ
cjfa-41512	272	12	and	and	CCONJ
cjfa-41512	272	13	older	old	ADJ
cjfa-41512	272	14	firms	firm	NOUN
cjfa-41512	272	15	.	.	PUNCT
cjfa-41512	273	1	this	this	PRON
cjfa-41512	273	2	negates	negate	VERB
cjfa-41512	273	3	the	the	DET
cjfa-41512	273	4	finding	finding	NOUN
cjfa-41512	273	5	of	of	ADP
cjfa-41512	273	6	haque	haque	PROPN
cjfa-41512	273	7	,	,	PUNCT
cjfa-41512	273	8	jahiruddin	jahiruddin	NOUN
cjfa-41512	273	9	and	and	CCONJ
cjfa-41512	273	10	mishu	mishu	NOUN
cjfa-41512	273	11	(	(	PUNCT
cjfa-41512	273	12	2019	2019	NUM
cjfa-41512	273	13	)	)	PUNCT
cjfa-41512	273	14	that	that	DET
cjfa-41512	273	15	size	size	NOUN
cjfa-41512	273	16	of	of	ADP
cjfa-41512	273	17	a	a	DET
cjfa-41512	273	18	firm	firm	NOUN
cjfa-41512	273	19	has	have	VERB
cjfa-41512	273	20	significant	significant	ADJ
cjfa-41512	273	21	impact	impact	NOUN
cjfa-41512	273	22	on	on	ADP
cjfa-41512	273	23	share	share	NOUN
cjfa-41512	273	24	price	price	NOUN
cjfa-41512	273	25	volatility	volatility	NOUN
cjfa-41512	273	26	but	but	CCONJ
cjfa-41512	273	27	aligns	align	VERB
cjfa-41512	273	28	with	with	ADP
cjfa-41512	273	29	habib	habib	PROPN
cjfa-41512	273	30	et	et	PROPN
cjfa-41512	273	31	al	al	PROPN
cjfa-41512	273	32	.	.	PROPN
cjfa-41512	274	1	(	(	PUNCT
cjfa-41512	274	2	2012	2012	NUM
cjfa-41512	274	3	)	)	PUNCT
cjfa-41512	274	4	that	that	DET
cjfa-41512	274	5	firm	firm	ADJ
cjfa-41512	274	6	size	size	NOUN
cjfa-41512	274	7	has	have	VERB
cjfa-41512	274	8	inverse	inverse	NOUN
cjfa-41512	274	9	relationship	relationship	NOUN
cjfa-41512	274	10	with	with	ADP
cjfa-41512	274	11	share	share	NOUN
cjfa-41512	274	12	price	price	NOUN
cjfa-41512	274	13	volatility	volatility	NOUN
cjfa-41512	274	14	.	.	PUNCT
cjfa-41512	274	15	 	 	SPACE
cjfa-41512	275	1	conclusion	conclusion	NOUN
cjfa-41512	275	2	and	and	CCONJ
cjfa-41512	275	3	recommendations	recommendation	NOUN
cjfa-41512	275	4	 	 	SPACE
cjfa-41512	275	5	conclusion	conclusion	NOUN
cjfa-41512	275	6	and	and	CCONJ
cjfa-41512	275	7	recommendations	recommendation	NOUN
cjfa-41512	275	8	panel	panel	NOUN
cjfa-41512	275	9	data	datum	NOUN
cjfa-41512	275	10	approach	approach	NOUN
cjfa-41512	275	11	and	and	CCONJ
cjfa-41512	275	12	fixed	fix	VERB
cjfa-41512	275	13	effect	effect	NOUN
cjfa-41512	275	14	regression	regression	NOUN
cjfa-41512	275	15	model	model	NOUN
cjfa-41512	275	16	was	be	AUX
cjfa-41512	275	17	employed	employ	VERB
cjfa-41512	275	18	to	to	PART
cjfa-41512	275	19	study	study	VERB
cjfa-41512	275	20	the	the	DET
cjfa-41512	275	21	effect	effect	NOUN
cjfa-41512	275	22	of	of	ADP
cjfa-41512	275	23	dividend	dividend	NOUN
cjfa-41512	275	24	policy	policy	NOUN
cjfa-41512	275	25	on	on	ADP
cjfa-41512	275	26	share	share	NOUN
cjfa-41512	275	27	prices	price	NOUN
cjfa-41512	275	28	of	of	ADP
cjfa-41512	275	29	selected	select	VERB
cjfa-41512	275	30	non	non	ADJ
cjfa-41512	275	31	-	-	ADJ
cjfa-41512	275	32	financial	financial	ADJ
cjfa-41512	275	33	firms	firm	NOUN
cjfa-41512	275	34	listed	list	VERB
cjfa-41512	275	35	under	under	ADP
cjfa-41512	275	36	different	different	ADJ
cjfa-41512	275	37	sectors	sector	NOUN
cjfa-41512	275	38	of	of	ADP
cjfa-41512	275	39	nigeria	nigeria	PROPN
cjfa-41512	275	40	stock	stock	PROPN
cjfa-41512	275	41	exchange	exchange	PROPN
cjfa-41512	275	42	starting	start	VERB
cjfa-41512	275	43	from	from	ADP
cjfa-41512	275	44	the	the	DET
cjfa-41512	275	45	period	period	NOUN
cjfa-41512	275	46	preceding	precede	VERB
cjfa-41512	275	47	the	the	DET
cjfa-41512	275	48	adoption	adoption	NOUN
cjfa-41512	275	49	of	of	ADP
cjfa-41512	275	50	international	international	ADJ
cjfa-41512	275	51	financial	financial	ADJ
cjfa-41512	275	52	reporting	reporting	NOUN
cjfa-41512	275	53	standards	standard	NOUN
cjfa-41512	275	54	(	(	PUNCT
cjfa-41512	275	55	ifrs	ifrs	PROPN
cjfa-41512	275	56	)	)	PUNCT
cjfa-41512	275	57	,	,	PUNCT
cjfa-41512	275	58	2013	2013	NUM
cjfa-41512	275	59	to	to	ADP
cjfa-41512	275	60	2019	2019	NUM
cjfa-41512	275	61	.	.	PUNCT
cjfa-41512	276	1	the	the	DET
cjfa-41512	276	2	study	study	NOUN
cjfa-41512	276	3	provided	provide	VERB
cjfa-41512	276	4	empirical	empirical	ADJ
cjfa-41512	276	5	evidence	evidence	NOUN
cjfa-41512	276	6	that	that	PRON
cjfa-41512	276	7	dividend	dividend	VERB
cjfa-41512	276	8	per	per	ADP
cjfa-41512	276	9	share	share	NOUN
cjfa-41512	276	10	amongst	amongst	ADP
cjfa-41512	276	11	other	other	ADJ
cjfa-41512	276	12	variables	variable	NOUN
cjfa-41512	276	13	used	use	VERB
cjfa-41512	276	14	has	have	AUX
cjfa-41512	276	15	positive	positive	ADJ
cjfa-41512	276	16	and	and	CCONJ
cjfa-41512	276	17	significant	significant	ADJ
cjfa-41512	276	18	effect	effect	NOUN
cjfa-41512	276	19	on	on	ADP
cjfa-41512	276	20	share	share	NOUN
cjfa-41512	276	21	price	price	NOUN
cjfa-41512	276	22	while	while	SCONJ
cjfa-41512	276	23	dividend	dividend	NOUN
cjfa-41512	276	24	payout	payout	NOUN
cjfa-41512	276	25	and	and	CCONJ
cjfa-41512	276	26	dividend	dividend	NOUN
cjfa-41512	276	27	yield	yield	NOUN
cjfa-41512	276	28	is	be	AUX
cjfa-41512	276	29	not	not	PART
cjfa-41512	276	30	significant	significant	ADJ
cjfa-41512	276	31	in	in	ADP
cjfa-41512	276	32	affecting	affect	VERB
cjfa-41512	276	33	share	share	NOUN
cjfa-41512	276	34	price	price	NOUN
cjfa-41512	276	35	of	of	ADP
cjfa-41512	276	36	selected	select	VERB
cjfa-41512	276	37	firms	firm	NOUN
cjfa-41512	276	38	.	.	PUNCT
cjfa-41512	277	1	it	it	PRON
cjfa-41512	277	2	can	can	AUX
cjfa-41512	277	3	be	be	AUX
cjfa-41512	277	4	concluded	conclude	VERB
cjfa-41512	277	5	that	that	SCONJ
cjfa-41512	277	6	firms	firm	NOUN
cjfa-41512	277	7	’	'	PUNCT
cjfa-41512	277	8	dividend	dividend	NOUN
cjfa-41512	277	9	policy	policy	NOUN
cjfa-41512	277	10	that	that	PRON
cjfa-41512	277	11	relates	relate	VERB
cjfa-41512	277	12	dividend	dividend	NOUN
cjfa-41512	277	13	to	to	ADP
cjfa-41512	277	14	ordinary	ordinary	ADJ
cjfa-41512	277	15	share	share	NOUN
cjfa-41512	277	16	is	be	AUX
cjfa-41512	277	17	significant	significant	ADJ
cjfa-41512	277	18	in	in	ADP
cjfa-41512	277	19	influencing	influence	VERB
cjfa-41512	277	20	price	price	NOUN
cjfa-41512	277	21	that	that	PRON
cjfa-41512	277	22	investors	investor	NOUN
cjfa-41512	277	23	pay	pay	VERB
cjfa-41512	277	24	for	for	ADP
cjfa-41512	277	25	shares	share	NOUN
cjfa-41512	277	26	.	.	PUNCT
cjfa-41512	278	1	this	this	DET
cjfa-41512	278	2	conclusion	conclusion	NOUN
cjfa-41512	278	3	agrees	agree	VERB
cjfa-41512	278	4	with	with	ADP
cjfa-41512	278	5	gordons	gordon	NOUN
cjfa-41512	278	6	(	(	PUNCT
cjfa-41512	278	7	1963	1963	NUM
cjfa-41512	278	8	)	)	PUNCT
cjfa-41512	278	9	bird	bird	NOUN
cjfa-41512	278	10	in	in	ADP
cjfa-41512	278	11	hand	hand	NOUN
cjfa-41512	278	12	theory	theory	NOUN
cjfa-41512	278	13	that	that	SCONJ
cjfa-41512	278	14	firm	firm	NOUN
cjfa-41512	278	15	can	can	AUX
cjfa-41512	278	16	employ	employ	VERB
cjfa-41512	278	17	dividend	dividend	NOUN
cjfa-41512	278	18	payment	payment	NOUN
cjfa-41512	278	19	as	as	ADP
cjfa-41512	278	20	a	a	DET
cjfa-41512	278	21	strategy	strategy	NOUN
cjfa-41512	278	22	to	to	PART
cjfa-41512	278	23	influence	influence	VERB
cjfa-41512	278	24	market	market	NOUN
cjfa-41512	278	25	price	price	NOUN
cjfa-41512	278	26	.	.	PUNCT
cjfa-41512	279	1	the	the	DET
cjfa-41512	279	2	study	study	NOUN
cjfa-41512	279	3	recommends	recommend	VERB
cjfa-41512	279	4	that	that	SCONJ
cjfa-41512	279	5	companies	company	NOUN
cjfa-41512	279	6	’	'	PUNCT
cjfa-41512	279	7	boards	board	NOUN
cjfa-41512	279	8	of	of	ADP
cjfa-41512	279	9	directors	director	NOUN
cjfa-41512	279	10	and	and	CCONJ
cjfa-41512	279	11	management	management	NOUN
cjfa-41512	279	12	to	to	PART
cjfa-41512	279	13	ensure	ensure	VERB
cjfa-41512	279	14	that	that	SCONJ
cjfa-41512	279	15	a	a	DET
cjfa-41512	279	16	good	good	ADJ
cjfa-41512	279	17	dividend	dividend	NOUN
cjfa-41512	279	18	policy	policy	NOUN
cjfa-41512	279	19	is	be	AUX
cjfa-41512	279	20	implemented	implement	VERB
cjfa-41512	279	21	and	and	CCONJ
cjfa-41512	279	22	that	that	PRON
cjfa-41512	279	23	dividend	dividend	NOUN
cjfa-41512	279	24	per	per	ADP
cjfa-41512	279	25	share	share	NOUN
cjfa-41512	279	26	policies	policy	NOUN
cjfa-41512	279	27	are	be	AUX
cjfa-41512	279	28	maintained	maintain	VERB
cjfa-41512	279	29	,	,	PUNCT
cjfa-41512	279	30	as	as	SCONJ
cjfa-41512	279	31	this	this	PRON
cjfa-41512	279	32	has	have	AUX
cjfa-41512	279	33	been	be	AUX
cjfa-41512	279	34	empirically	empirically	ADV
cjfa-41512	279	35	demonstrated	demonstrate	VERB
cjfa-41512	279	36	to	to	PART
cjfa-41512	279	37	influence	influence	NOUN
cjfa-41512	279	38	share	share	NOUN
cjfa-41512	279	39	prices	price	NOUN
cjfa-41512	279	40	.	.	PUNCT
cjfa-41512	280	1	the	the	DET
cjfa-41512	280	2	research	research	NOUN
cjfa-41512	280	3	also	also	ADV
cjfa-41512	280	4	suggests	suggest	VERB
cjfa-41512	280	5	that	that	SCONJ
cjfa-41512	280	6	whatever	whatever	DET
cjfa-41512	280	7	dividend	dividend	NOUN
cjfa-41512	280	8	ideology	ideology	NOUN
cjfa-41512	280	9	a	a	DET
cjfa-41512	280	10	company	company	NOUN
cjfa-41512	280	11	chooses	choose	VERB
cjfa-41512	280	12	between	between	ADP
cjfa-41512	280	13	miller	miller	PROPN
cjfa-41512	280	14	and	and	CCONJ
cjfa-41512	280	15	modigliani	modigliani	PROPN
cjfa-41512	280	16	(	(	PUNCT
cjfa-41512	280	17	1961	1961	NUM
cjfa-41512	280	18	)	)	PUNCT
cjfa-41512	280	19	theory	theory	NOUN
cjfa-41512	280	20	that	that	SCONJ
cjfa-41512	280	21	dividend	dividend	NOUN
cjfa-41512	280	22	does	do	AUX
cjfa-41512	280	23	not	not	PART
cjfa-41512	280	24	affect	affect	VERB
cjfa-41512	280	25	the	the	DET
cjfa-41512	280	26	value	value	NOUN
cjfa-41512	280	27	of	of	ADP
cjfa-41512	280	28	the	the	DET
cjfa-41512	280	29	company	company	NOUN
cjfa-41512	280	30	is	be	AUX
cjfa-41512	280	31	not	not	PART
cjfa-41512	280	32	influenced	influence	VERB
cjfa-41512	280	33	by	by	ADP
cjfa-41512	280	34	the	the	DET
cjfa-41512	280	35	way	way	NOUN
cjfa-41512	280	36	in	in	ADP
cjfa-41512	280	37	which	which	PRON
cjfa-41512	280	38	its	its	PRON
cjfa-41512	280	39	profits	profit	NOUN
cjfa-41512	280	40	are	be	AUX
cjfa-41512	280	41	split	split	VERB
cjfa-41512	280	42	between	between	ADP
cjfa-41512	280	43	dividends	dividend	NOUN
cjfa-41512	280	44	and	and	CCONJ
cjfa-41512	280	45	retained	retain	VERB
cjfa-41512	280	46	earnings	earning	NOUN
cjfa-41512	280	47	and	and	CCONJ
cjfa-41512	280	48	gordons	gordon	NOUN
cjfa-41512	280	49	’	'	PUNCT
cjfa-41512	280	50	(	(	PUNCT
cjfa-41512	280	51	1963	1963	NUM
cjfa-41512	280	52	)	)	PUNCT
cjfa-41512	280	53	bird	bird	NOUN
cjfa-41512	280	54	in	in	ADP
cjfa-41512	280	55	hand	hand	NOUN
cjfa-41512	280	56	theory	theory	NOUN
cjfa-41512	280	57	that	that	SCONJ
cjfa-41512	280	58	dividends	dividend	NOUN
cjfa-41512	280	59	affect	affect	VERB
cjfa-41512	280	60	the	the	DET
cjfa-41512	280	61	company	company	NOUN
cjfa-41512	280	62	’s	’s	PART
cjfa-41512	280	63	value	value	NOUN
cjfa-41512	280	64	through	through	ADP
cjfa-41512	280	65	an	an	DET
cjfa-41512	280	66	increase	increase	NOUN
cjfa-41512	280	67	in	in	ADP
cjfa-41512	280	68	the	the	DET
cjfa-41512	280	69	demand	demand	NOUN
cjfa-41512	280	70	for	for	ADP
cjfa-41512	280	71	the	the	DET
cjfa-41512	280	72	company	company	NOUN
cjfa-41512	280	73	,	,	PUNCT
cjfa-41512	280	74	firms	firm	NOUN
cjfa-41512	280	75	should	should	AUX
cjfa-41512	280	76	be	be	AUX
cjfa-41512	280	77	consciously	consciously	ADV
cjfa-41512	280	78	meticulous	meticulous	ADJ
cjfa-41512	280	79	in	in	ADP
cjfa-41512	280	80	their	their	PRON
cjfa-41512	280	81	thoughts	thought	NOUN
cjfa-41512	280	82	on	on	ADP
cjfa-41512	280	83	efficient	efficient	ADJ
cjfa-41512	280	84	approaches	approach	NOUN
cjfa-41512	280	85	to	to	ADP
cjfa-41512	280	86	maximizing	maximize	VERB
cjfa-41512	280	87	the	the	DET
cjfa-41512	280	88	wealth	wealth	NOUN
cjfa-41512	280	89	of	of	ADP
cjfa-41512	280	90	shareholders	shareholder	NOUN
cjfa-41512	280	91	by	by	ADP
cjfa-41512	280	92	improving	improve	VERB
cjfa-41512	280	93	the	the	DET
cjfa-41512	280	94	firm	firm	NOUN
cjfa-41512	280	95	’s	’s	PART
cjfa-41512	280	96	value	value	NOUN
cjfa-41512	280	97	.	.	PUNCT
cjfa-41512	281	1	reaction	reaction	NOUN
cjfa-41512	281	2	of	of	ADP
cjfa-41512	281	3	share	share	NOUN
cjfa-41512	281	4	prices	price	NOUN
cjfa-41512	281	5	to	to	PART
cjfa-41512	281	6	dividend	dividend	VERB
cjfa-41512	281	7	policy	policy	NOUN
cjfa-41512	281	8	…	…	PUNCT
cjfa-41512	281	9	4747	4747	NUM
cjfa-41512	281	10	 	 	SPACE
cjfa-41512	281	11	references	reference	NOUN
cjfa-41512	281	12	 	 	SPACE
cjfa-41512	281	13	references	reference	NOUN
cjfa-41512	281	14	abiola	abiola	PROPN
cjfa-41512	281	15	,	,	PUNCT
cjfa-41512	281	16	j.o	j.o	PROPN
cjfa-41512	281	17	.	.	PROPN
cjfa-41512	282	1	(	(	PUNCT
cjfa-41512	282	2	2014	2014	NUM
cjfa-41512	282	3	)	)	PUNCT
cjfa-41512	282	4	.	.	PUNCT
cjfa-41512	283	1	measuring	measure	VERB
cjfa-41512	283	2	and	and	CCONJ
cjfa-41512	283	3	analysing	analyse	VERB
cjfa-41512	283	4	the	the	DET
cjfa-41512	283	5	effect	effect	NOUN
cjfa-41512	283	6	of	of	ADP
cjfa-41512	283	7	dividend	dividend	NOUN
cjfa-41512	283	8	policy	policy	NOUN
cjfa-41512	283	9	in	in	ADP
cjfa-41512	283	10	banking	banking	NOUN
cjfa-41512	283	11	profits	profit	NOUN
cjfa-41512	283	12	and	and	CCONJ
cjfa-41512	283	13	growth	growth	NOUN
cjfa-41512	283	14	.	.	PUNCT
cjfa-41512	284	1	journal	journal	NOUN
cjfa-41512	284	2	of	of	ADP
cjfa-41512	284	3	policy	policy	NOUN
cjfa-41512	284	4	and	and	CCONJ
cjfa-41512	284	5	development	development	NOUN
cjfa-41512	284	6	studies	study	NOUN
cjfa-41512	284	7	,	,	PUNCT
cjfa-41512	284	8	9(1	9(1	NUM
cjfa-41512	284	9	)	)	PUNCT
cjfa-41512	284	10	,	,	PUNCT
cjfa-41512	284	11	167–178	167–178	NUM
cjfa-41512	284	12	.	.	PUNCT
cjfa-41512	285	1	adelegan	adelegan	PROPN
cjfa-41512	285	2	,	,	PUNCT
cjfa-41512	285	3	o.j	o.j	PROPN
cjfa-41512	285	4	.	.	PROPN
cjfa-41512	285	5	(	(	PUNCT
cjfa-41512	285	6	2003	2003	NUM
cjfa-41512	285	7	)	)	PUNCT
cjfa-41512	285	8	.	.	PUNCT
cjfa-41512	286	1	an	an	DET
cjfa-41512	286	2	empirical	empirical	ADJ
cjfa-41512	286	3	analysis	analysis	NOUN
cjfa-41512	286	4	of	of	ADP
cjfa-41512	286	5	the	the	DET
cjfa-41512	286	6	relationship	relationship	NOUN
cjfa-41512	286	7	between	between	ADP
cjfa-41512	286	8	cash	cash	NOUN
cjfa-41512	286	9	flow	flow	NOUN
cjfa-41512	286	10	and	and	CCONJ
cjfa-41512	286	11	dividend	dividend	NOUN
cjfa-41512	286	12	changes	change	NOUN
cjfa-41512	286	13	in	in	ADP
cjfa-41512	286	14	nigeria	nigeria	PROPN
cjfa-41512	286	15	.	.	PUNCT
cjfa-41512	287	1	african	african	PROPN
cjfa-41512	287	2	development	development	PROPN
cjfa-41512	287	3	review	review	PROPN
cjfa-41512	287	4	,	,	PUNCT
cjfa-41512	287	5	15(1	15(1	NUM
cjfa-41512	287	6	)	)	PUNCT
cjfa-41512	287	7	,	,	PUNCT
cjfa-41512	287	8	35–49	35–49	NUM
cjfa-41512	287	9	.	.	PUNCT
cjfa-41512	288	1	aifuwa	aifuwa	PROPN
cjfa-41512	288	2	,	,	PUNCT
cjfa-41512	288	3	h.o	h.o	PROPN
cjfa-41512	288	4	.	.	PROPN
cjfa-41512	288	5	(	(	PUNCT
cjfa-41512	288	6	2020	2020	NUM
cjfa-41512	288	7	)	)	PUNCT
cjfa-41512	288	8	.	.	PUNCT
cjfa-41512	289	1	sustainability	sustainability	NOUN
cjfa-41512	289	2	reporting	reporting	NOUN
cjfa-41512	289	3	and	and	CCONJ
cjfa-41512	289	4	firm	firm	ADJ
cjfa-41512	289	5	performance	performance	NOUN
cjfa-41512	289	6	in	in	ADP
cjfa-41512	289	7	developing	develop	VERB
cjfa-41512	289	8	climes	clime	NOUN
cjfa-41512	289	9	:	:	PUNCT
cjfa-41512	289	10	a	a	DET
cjfa-41512	289	11	review	review	NOUN
cjfa-41512	289	12	of	of	ADP
cjfa-41512	289	13	literature	literature	NOUN
cjfa-41512	289	14	.	.	PUNCT
cjfa-41512	290	1	copernican	copernican	PROPN
cjfa-41512	290	2	journal	journal	PROPN
cjfa-41512	290	3	of	of	ADP
cjfa-41512	290	4	finance	finance	PROPN
cjfa-41512	290	5	&	&	CCONJ
cjfa-41512	290	6	accounting	accounting	PROPN
cjfa-41512	290	7	,	,	PUNCT
cjfa-41512	290	8	9(1	9(1	NUM
cjfa-41512	290	9	)	)	PUNCT
cjfa-41512	290	10	,	,	PUNCT
cjfa-41512	290	11	9–29	9–29	NOUN
cjfa-41512	290	12	.	.	PUNCT
cjfa-41512	291	1	http://dx.doi	http://dx.doi	NOUN
cjfa-41512	291	2	.	.	PUNCT
cjfa-41512	292	1	org/10.12775	org/10.12775	PROPN
cjfa-41512	292	2	/	/	SYM
cjfa-41512	292	3	cjfa.2020.001	cjfa.2020.001	PROPN
cjfa-41512	292	4	.	.	PUNCT
cjfa-41512	293	1	ajanthan	ajanthan	PROPN
cjfa-41512	293	2	,	,	PUNCT
cjfa-41512	293	3	a.	a.	PROPN
cjfa-41512	293	4	(	(	PUNCT
cjfa-41512	293	5	2013	2013	NUM
cjfa-41512	293	6	)	)	PUNCT
cjfa-41512	293	7	.	.	PUNCT
cjfa-41512	294	1	the	the	DET
cjfa-41512	294	2	relationship	relationship	NOUN
cjfa-41512	294	3	between	between	ADP
cjfa-41512	294	4	dividend	dividend	NOUN
cjfa-41512	294	5	payout	payout	NOUN
cjfa-41512	294	6	and	and	CCONJ
cjfa-41512	294	7	firm	firm	ADJ
cjfa-41512	294	8	profitability	profitability	NOUN
cjfa-41512	294	9	:	:	PUNCT
cjfa-41512	294	10	a	a	DET
cjfa-41512	294	11	study	study	NOUN
cjfa-41512	294	12	of	of	ADP
cjfa-41512	294	13	listed	list	VERB
cjfa-41512	294	14	hotels	hotel	NOUN
cjfa-41512	294	15	and	and	CCONJ
cjfa-41512	294	16	restaurant	restaurant	NOUN
cjfa-41512	294	17	companies	company	NOUN
cjfa-41512	294	18	in	in	ADP
cjfa-41512	294	19	sri	sri	PROPN
cjfa-41512	294	20	lanka	lanka	PROPN
cjfa-41512	294	21	.	.	PUNCT
cjfa-41512	295	1	international	international	ADJ
cjfa-41512	295	2	journal	journal	PROPN
cjfa-41512	295	3	of	of	ADP
cjfa-41512	295	4	scientific	scientific	ADJ
cjfa-41512	295	5	and	and	CCONJ
cjfa-41512	295	6	research	research	NOUN
cjfa-41512	295	7	publications	publication	NOUN
cjfa-41512	295	8	,	,	PUNCT
cjfa-41512	295	9	3(6	3(6	NUM
cjfa-41512	295	10	)	)	PUNCT
cjfa-41512	295	11	,	,	PUNCT
cjfa-41512	295	12	1–6	1–6	X
cjfa-41512	295	13	.	.	PUNCT
cjfa-41512	296	1	akram	akram	PROPN
cjfa-41512	296	2	,	,	PUNCT
cjfa-41512	296	3	a.m.	a.m.	ADV
cjfa-41512	296	4	,	,	PUNCT
cjfa-41512	296	5	alrjoub	alrjoub	ADJ
cjfa-41512	296	6	,	,	PUNCT
cjfa-41512	296	7	s.a	s.a	PROPN
cjfa-41512	296	8	.	.	PROPN
cjfa-41512	296	9	,	,	PUNCT
cjfa-41512	296	10	&	&	CCONJ
cjfa-41512	296	11	alrabba	alrabba	PROPN
cjfa-41512	296	12	,	,	PUNCT
cjfa-41512	296	13	h.m	h.m	PROPN
cjfa-41512	296	14	.	.	PROPN
cjfa-41512	296	15	(	(	PUNCT
cjfa-41512	296	16	2018	2018	NUM
cjfa-41512	296	17	)	)	PUNCT
cjfa-41512	296	18	.	.	PUNCT
cjfa-41512	297	1	the	the	DET
cjfa-41512	297	2	effect	effect	NOUN
cjfa-41512	297	3	of	of	ADP
cjfa-41512	297	4	dividend	dividend	NOUN
cjfa-41512	297	5	policy	policy	NOUN
cjfa-41512	297	6	on	on	ADP
cjfa-41512	297	7	stock	stock	NOUN
cjfa-41512	297	8	prices	price	NOUN
cjfa-41512	297	9	volatility	volatility	NOUN
cjfa-41512	297	10	:	:	PUNCT
cjfa-41512	297	11	empirical	empirical	ADJ
cjfa-41512	297	12	evidence	evidence	NOUN
cjfa-41512	297	13	from	from	ADP
cjfa-41512	297	14	amman	amman	PROPN
cjfa-41512	297	15	stock	stock	PROPN
cjfa-41512	297	16	exchange	exchange	PROPN
cjfa-41512	297	17	.	.	PUNCT
cjfa-41512	298	1	academy	academy	NOUN
cjfa-41512	298	2	of	of	ADP
cjfa-41512	298	3	accounting	accounting	PROPN
cjfa-41512	298	4	and	and	CCONJ
cjfa-41512	298	5	financial	financial	ADJ
cjfa-41512	298	6	studies	study	NOUN
cjfa-41512	298	7	journal	journal	NOUN
cjfa-41512	298	8	,	,	PUNCT
cjfa-41512	298	9	22(2	22(2	NUM
cjfa-41512	298	10	)	)	PUNCT
cjfa-41512	298	11	,	,	PUNCT
cjfa-41512	298	12	1–8	1–8	X
cjfa-41512	298	13	.	.	PUNCT
cjfa-41512	298	14	amidu	amidu	PROPN
cjfa-41512	298	15	,	,	PUNCT
cjfa-41512	298	16	m.	m.	NOUN
cjfa-41512	298	17	(	(	PUNCT
cjfa-41512	298	18	2007	2007	NUM
cjfa-41512	298	19	)	)	PUNCT
cjfa-41512	298	20	.	.	PUNCT
cjfa-41512	299	1	how	how	SCONJ
cjfa-41512	299	2	does	do	AUX
cjfa-41512	299	3	dividend	dividend	NOUN
cjfa-41512	299	4	policy	policy	NOUN
cjfa-41512	299	5	affect	affect	VERB
cjfa-41512	299	6	the	the	DET
cjfa-41512	299	7	performance	performance	NOUN
cjfa-41512	299	8	of	of	ADP
cjfa-41512	299	9	firms	firm	NOUN
cjfa-41512	299	10	in	in	ADP
cjfa-41512	299	11	ghana	ghana	PROPN
cjfa-41512	299	12	stock	stock	PROPN
cjfa-41512	299	13	exchange	exchange	PROPN
cjfa-41512	299	14	?	?	PUNCT
cjfa-41512	300	1	journal	journal	NOUN
cjfa-41512	300	2	of	of	ADP
cjfa-41512	300	3	investment	investment	NOUN
cjfa-41512	300	4	management	management	NOUN
cjfa-41512	300	5	and	and	CCONJ
cjfa-41512	300	6	financial	financial	ADJ
cjfa-41512	300	7	innovations	innovation	NOUN
cjfa-41512	300	8	,	,	PUNCT
cjfa-41512	300	9	4(2	4(2	NUM
cjfa-41512	300	10	)	)	PUNCT
cjfa-41512	300	11	,	,	PUNCT
cjfa-41512	300	12	103–112	103–112	NUM
cjfa-41512	300	13	.	.	PUNCT
cjfa-41512	301	1	ashara	ashara	PROPN
cjfa-41512	301	2	,	,	PUNCT
cjfa-41512	301	3	o.e	o.e	PROPN
cjfa-41512	301	4	.	.	PROPN
cjfa-41512	301	5	,	,	PUNCT
cjfa-41512	301	6	emeka	emeka	PROPN
cjfa-41512	301	7	-	-	PUNCT
cjfa-41512	301	8	nwokeji	nwokeji	PROPN
cjfa-41512	301	9	,	,	PUNCT
cjfa-41512	301	10	n.a	n.a	PROPN
cjfa-41512	301	11	.	.	PROPN
cjfa-41512	301	12	,	,	PUNCT
cjfa-41512	301	13	&	&	CCONJ
cjfa-41512	301	14	ozua	ozua	PROPN
cjfa-41512	301	15	,	,	PUNCT
cjfa-41512	301	16	l.a	l.a	PROPN
cjfa-41512	301	17	.	.	PROPN
cjfa-41512	301	18	(	(	PUNCT
cjfa-41512	301	19	2020	2020	NUM
cjfa-41512	301	20	)	)	PUNCT
cjfa-41512	301	21	.	.	PUNCT
cjfa-41512	302	1	financial	financial	ADJ
cjfa-41512	302	2	variables	variable	NOUN
cjfa-41512	302	3	and	and	CCONJ
cjfa-41512	302	4	systematic	systematic	ADJ
cjfa-41512	302	5	risk	risk	NOUN
cjfa-41512	302	6	among	among	ADP
cjfa-41512	302	7	deposit	deposit	NOUN
cjfa-41512	302	8	money	money	NOUN
cjfa-41512	302	9	banks	bank	NOUN
cjfa-41512	302	10	in	in	ADP
cjfa-41512	302	11	nigeria	nigeria	PROPN
cjfa-41512	302	12	.	.	PUNCT
cjfa-41512	303	1	international	international	ADJ
cjfa-41512	303	2	journal	journal	PROPN
cjfa-41512	303	3	for	for	ADP
cjfa-41512	303	4	innovative	innovative	ADJ
cjfa-41512	303	5	research	research	NOUN
cjfa-41512	303	6	in	in	ADP
cjfa-41512	303	7	multidisciplinary	multidisciplinary	ADJ
cjfa-41512	303	8	field	field	NOUN
cjfa-41512	303	9	,	,	PUNCT
cjfa-41512	303	10	6(11	6(11	NUM
cjfa-41512	303	11	)	)	PUNCT
cjfa-41512	303	12	,	,	PUNCT
cjfa-41512	303	13	10–19	10–19	NUM
cjfa-41512	303	14	.	.	PUNCT
cjfa-41512	304	1	booth	booth	PROPN
cjfa-41512	304	2	,	,	PUNCT
cjfa-41512	304	3	l.	l.	PROPN
cjfa-41512	304	4	,	,	PUNCT
cjfa-41512	304	5	&	&	CCONJ
cjfa-41512	304	6	cleary	cleary	PROPN
cjfa-41512	304	7	,	,	PUNCT
cjfa-41512	304	8	s.	s.	PROPN
cjfa-41512	304	9	(	(	PUNCT
cjfa-41512	304	10	2010	2010	NUM
cjfa-41512	304	11	)	)	PUNCT
cjfa-41512	304	12	.	.	PUNCT
cjfa-41512	305	1	dividend	dividend	NOUN
cjfa-41512	305	2	smoothing	smoothing	NOUN
cjfa-41512	305	3	and	and	CCONJ
cjfa-41512	305	4	debt	debt	NOUN
cjfa-41512	305	5	ratings	rating	NOUN
cjfa-41512	305	6	.	.	PUNCT
cjfa-41512	306	1	the	the	DET
cjfa-41512	306	2	journal	journal	NOUN
cjfa-41512	306	3	of	of	ADP
cjfa-41512	306	4	financial	financial	ADJ
cjfa-41512	306	5	and	and	CCONJ
cjfa-41512	306	6	quantitative	quantitative	ADJ
cjfa-41512	306	7	analysis	analysis	NOUN
cjfa-41512	306	8	,	,	PUNCT
cjfa-41512	306	9	41(2	41(2	NUM
cjfa-41512	306	10	)	)	PUNCT
cjfa-41512	306	11	,	,	PUNCT
cjfa-41512	306	12	439–453	439–453	NUM
cjfa-41512	306	13	.	.	PUNCT
cjfa-41512	307	1	burhan	burhan	PROPN
cjfa-41512	307	2	,	,	PUNCT
cjfa-41512	307	3	a.h	a.h	PROPN
cjfa-41512	307	4	.	.	PROPN
cjfa-41512	307	5	,	,	PUNCT
cjfa-41512	307	6	&	&	CCONJ
cjfa-41512	307	7	rahmanti	rahmanti	PROPN
cjfa-41512	307	8	,	,	PUNCT
cjfa-41512	307	9	w.	w.	PROPN
cjfa-41512	307	10	(	(	PUNCT
cjfa-41512	307	11	2012	2012	NUM
cjfa-41512	307	12	)	)	PUNCT
cjfa-41512	307	13	.	.	PUNCT
cjfa-41512	308	1	the	the	DET
cjfa-41512	308	2	impact	impact	NOUN
cjfa-41512	308	3	of	of	ADP
cjfa-41512	308	4	sustainability	sustainability	NOUN
cjfa-41512	308	5	reporting	report	VERB
cjfa-41512	308	6	on	on	ADP
cjfa-41512	308	7	company	company	NOUN
cjfa-41512	308	8	performance	performance	NOUN
cjfa-41512	308	9	.	.	PUNCT
cjfa-41512	309	1	journal	journal	NOUN
cjfa-41512	309	2	of	of	ADP
cjfa-41512	309	3	economics	economic	NOUN
cjfa-41512	309	4	,	,	PUNCT
cjfa-41512	309	5	business	business	NOUN
cjfa-41512	309	6	,	,	PUNCT
cjfa-41512	309	7	and	and	CCONJ
cjfa-41512	309	8	accountancy	accountancy	PROPN
cjfa-41512	309	9	ventura	ventura	PROPN
cjfa-41512	309	10	,	,	PUNCT
cjfa-41512	309	11	15(2	15(2	NUM
cjfa-41512	309	12	)	)	PUNCT
cjfa-41512	309	13	,	,	PUNCT
cjfa-41512	309	14	257–272	257–272	NUM
cjfa-41512	309	15	.	.	PUNCT
cjfa-41512	310	1	http://dx.doi.org/10.14414/jebav.v15i2.79	http://dx.doi.org/10.14414/jebav.v15i2.79	NOUN
cjfa-41512	310	2	.	.	PUNCT
cjfa-41512	310	3	chiedu	chiedu	PROPN
cjfa-41512	310	4	,	,	PUNCT
cjfa-41512	310	5	c.o	c.o	PROPN
cjfa-41512	310	6	.	.	PROPN
cjfa-41512	310	7	,	,	PUNCT
cjfa-41512	310	8	&	&	CCONJ
cjfa-41512	310	9	okonkwo	okonkwo	PROPN
cjfa-41512	310	10	,	,	PUNCT
cjfa-41512	310	11	n.i.j	n.i.j	NOUN
cjfa-41512	310	12	.	.	PUNCT
cjfa-41512	310	13	(	(	PUNCT
cjfa-41512	310	14	2020	2020	NUM
cjfa-41512	310	15	)	)	PUNCT
cjfa-41512	310	16	.	.	PUNCT
cjfa-41512	311	1	effect	effect	NOUN
cjfa-41512	311	2	of	of	ADP
cjfa-41512	311	3	dividend	dividend	NOUN
cjfa-41512	311	4	policy	policy	NOUN
cjfa-41512	311	5	on	on	ADP
cjfa-41512	311	6	shareholders	shareholder	NOUN
cjfa-41512	311	7	’	’	PART
cjfa-41512	311	8	wealth	wealth	NOUN
cjfa-41512	311	9	creation	creation	NOUN
cjfa-41512	311	10	and	and	CCONJ
cjfa-41512	311	11	firm	firm	ADJ
cjfa-41512	311	12	performance	performance	NOUN
cjfa-41512	311	13	of	of	ADP
cjfa-41512	311	14	listed	list	VERB
cjfa-41512	311	15	banks	bank	NOUN
cjfa-41512	311	16	in	in	ADP
cjfa-41512	311	17	nigeria	nigeria	PROPN
cjfa-41512	311	18	.	.	PUNCT
cjfa-41512	312	1	journal	journal	PROPN
cjfa-41512	312	2	of	of	ADP
cjfa-41512	312	3	accounting	accounting	NOUN
cjfa-41512	312	4	and	and	CCONJ
cjfa-41512	312	5	financial	financial	ADJ
cjfa-41512	312	6	management	management	NOUN
cjfa-41512	312	7	,	,	PUNCT
cjfa-41512	312	8	6(3	6(3	NUM
cjfa-41512	312	9	)	)	PUNCT
cjfa-41512	312	10	,	,	PUNCT
cjfa-41512	312	11	74–80	74–80	NUM
cjfa-41512	312	12	.	.	PROPN
cjfa-41512	313	1	enekwe	enekwe	PROPN
cjfa-41512	313	2	,	,	PUNCT
cjfa-41512	313	3	c.i	c.i	PROPN
cjfa-41512	313	4	.	.	PROPN
cjfa-41512	313	5	,	,	PUNCT
cjfa-41512	313	6	nweze	nweze	PROPN
cjfa-41512	313	7	,	,	PUNCT
cjfa-41512	313	8	a.u	a.u	PROPN
cjfa-41512	313	9	.	.	PROPN
cjfa-41512	313	10	,	,	PUNCT
cjfa-41512	313	11	&	&	CCONJ
cjfa-41512	313	12	agu	agu	PROPN
cjfa-41512	313	13	,	,	PUNCT
cjfa-41512	313	14	c.i	c.i	PROPN
cjfa-41512	313	15	.	.	PROPN
cjfa-41512	313	16	(	(	PUNCT
cjfa-41512	313	17	2015	2015	NUM
cjfa-41512	313	18	)	)	PUNCT
cjfa-41512	313	19	.	.	PUNCT
cjfa-41512	314	1	the	the	DET
cjfa-41512	314	2	effect	effect	NOUN
cjfa-41512	314	3	of	of	ADP
cjfa-41512	314	4	dividend	dividend	NOUN
cjfa-41512	314	5	payout	payout	NOUN
cjfa-41512	314	6	on	on	ADP
cjfa-41512	314	7	performance	performance	NOUN
cjfa-41512	314	8	evaluation	evaluation	NOUN
cjfa-41512	314	9	:	:	PUNCT
cjfa-41512	314	10	evidence	evidence	NOUN
cjfa-41512	314	11	of	of	ADP
cjfa-41512	314	12	quoted	quote	VERB
cjfa-41512	314	13	cement	cement	NOUN
cjfa-41512	314	14	companies	company	NOUN
cjfa-41512	314	15	in	in	ADP
cjfa-41512	314	16	nigeria	nigeria	PROPN
cjfa-41512	314	17	.	.	PUNCT
cjfa-41512	315	1	european	european	PROPN
cjfa-41512	315	2	journal	journal	PROPN
cjfa-41512	315	3	of	of	ADP
cjfa-41512	315	4	accounting	accounting	NOUN
cjfa-41512	315	5	,	,	PUNCT
cjfa-41512	315	6	auditing	auditing	NOUN
cjfa-41512	315	7	and	and	CCONJ
cjfa-41512	315	8	finance	finance	NOUN
cjfa-41512	315	9	research	research	NOUN
cjfa-41512	315	10	,	,	PUNCT
cjfa-41512	315	11	3(11	3(11	NUM
cjfa-41512	315	12	)	)	PUNCT
cjfa-41512	315	13	,	,	PUNCT
cjfa-41512	315	14	40–59	40–59	PROPN
cjfa-41512	315	15	.	.	PUNCT
cjfa-41512	316	1	fiiwe	fiiwe	NOUN
cjfa-41512	316	2	,	,	PUNCT
cjfa-41512	316	3	j.l	j.l	PROPN
cjfa-41512	316	4	.	.	PROPN
cjfa-41512	316	5	,	,	PUNCT
cjfa-41512	316	6	&	&	CCONJ
cjfa-41512	316	7	turakpe	turakpe	NOUN
cjfa-41512	316	8	,	,	PUNCT
cjfa-41512	316	9	m.j	m.j	PROPN
cjfa-41512	316	10	.	.	PROPN
cjfa-41512	316	11	(	(	PUNCT
cjfa-41512	316	12	2017	2017	NUM
cjfa-41512	316	13	)	)	PUNCT
cjfa-41512	316	14	.	.	PUNCT
cjfa-41512	317	1	dividend	dividend	NOUN
cjfa-41512	317	2	policy	policy	NOUN
cjfa-41512	317	3	and	and	CCONJ
cjfa-41512	317	4	corporate	corporate	ADJ
cjfa-41512	317	5	performance	performance	NOUN
cjfa-41512	317	6	:	:	PUNCT
cjfa-41512	317	7	a	a	DET
cjfa-41512	317	8	multiple	multiple	ADJ
cjfa-41512	317	9	model	model	NOUN
cjfa-41512	317	10	analysis	analysis	NOUN
cjfa-41512	317	11	.	.	PUNCT
cjfa-41512	318	1	equatorial	equatorial	ADJ
cjfa-41512	318	2	journal	journal	NOUN
cjfa-41512	318	3	of	of	ADP
cjfa-41512	318	4	finance	finance	NOUN
cjfa-41512	318	5	and	and	CCONJ
cjfa-41512	318	6	management	management	NOUN
cjfa-41512	318	7	sciences	science	NOUN
cjfa-41512	318	8	,	,	PUNCT
cjfa-41512	318	9	2(2	2(2	NUM
cjfa-41512	318	10	)	)	PUNCT
cjfa-41512	318	11	,	,	PUNCT
cjfa-41512	318	12	1–16	1–16	PROPN
cjfa-41512	318	13	.	.	PUNCT
cjfa-41512	319	1	giang	giang	PROPN
cjfa-41512	319	2	,	,	PUNCT
cjfa-41512	319	3	n.t	n.t	PROPN
cjfa-41512	319	4	.	.	PROPN
cjfa-41512	319	5	,	,	PUNCT
cjfa-41512	319	6	&	&	CCONJ
cjfa-41512	319	7	tuan	tuan	PROPN
cjfa-41512	319	8	,	,	PUNCT
cjfa-41512	319	9	d.a	d.a	PROPN
cjfa-41512	319	10	.	.	PROPN
cjfa-41512	319	11	(	(	PUNCT
cjfa-41512	319	12	2016	2016	NUM
cjfa-41512	319	13	)	)	PUNCT
cjfa-41512	319	14	.	.	PUNCT
cjfa-41512	320	1	financial	financial	ADJ
cjfa-41512	320	2	performance	performance	NOUN
cjfa-41512	320	3	,	,	PUNCT
cjfa-41512	320	4	dividend	dividend	NOUN
cjfa-41512	320	5	payment	payment	NOUN
cjfa-41512	320	6	and	and	CCONJ
cjfa-41512	320	7	firm	firm	ADJ
cjfa-41512	320	8	value	value	NOUN
cjfa-41512	320	9	:	:	PUNCT
cjfa-41512	320	10	an	an	DET
cjfa-41512	320	11	exploratory	exploratory	ADJ
cjfa-41512	320	12	research	research	NOUN
cjfa-41512	320	13	on	on	ADP
cjfa-41512	320	14	vietnam	vietnam	NOUN
cjfa-41512	320	15	listed	list	VERB
cjfa-41512	320	16	firms	firm	NOUN
cjfa-41512	320	17	in	in	ADP
cjfa-41512	320	18	the	the	DET
cjfa-41512	320	19	food	food	NOUN
cjfa-41512	320	20	and	and	CCONJ
cjfa-41512	320	21	drink	drink	VERB
cjfa-41512	320	22	industry	industry	NOUN
cjfa-41512	320	23	.	.	PUNCT
cjfa-41512	321	1	journal	journal	PROPN
cjfa-41512	321	2	of	of	ADP
cjfa-41512	321	3	science	science	NOUN
cjfa-41512	321	4	:	:	PUNCT
cjfa-41512	321	5	economics	economic	NOUN
cjfa-41512	321	6	and	and	CCONJ
cjfa-41512	321	7	business	business	NOUN
cjfa-41512	321	8	,	,	PUNCT
cjfa-41512	321	9	32(2	32(2	NUM
cjfa-41512	321	10	)	)	PUNCT
cjfa-41512	321	11	,	,	PUNCT
cjfa-41512	321	12	47–57	47–57	NOUN
cjfa-41512	321	13	.	.	PUNCT
cjfa-41512	322	1	gordon	gordon	PROPN
cjfa-41512	322	2	,	,	PUNCT
cjfa-41512	322	3	m.	m.	NOUN
cjfa-41512	322	4	(	(	PUNCT
cjfa-41512	322	5	1963	1963	NUM
cjfa-41512	322	6	)	)	PUNCT
cjfa-41512	322	7	.	.	PUNCT
cjfa-41512	323	1	the	the	DET
cjfa-41512	323	2	savings	saving	NOUN
cjfa-41512	323	3	,	,	PUNCT
cjfa-41512	323	4	investment	investment	NOUN
cjfa-41512	323	5	and	and	CCONJ
cjfa-41512	323	6	valuation	valuation	NOUN
cjfa-41512	323	7	of	of	ADP
cjfa-41512	323	8	a	a	DET
cjfa-41512	323	9	corporation	corporation	NOUN
cjfa-41512	323	10	.	.	PUNCT
cjfa-41512	324	1	review	review	NOUN
cjfa-41512	324	2	of	of	ADP
cjfa-41512	324	3	economics	economic	NOUN
cjfa-41512	324	4	and	and	CCONJ
cjfa-41512	324	5	statistics	statistic	NOUN
cjfa-41512	324	6	,	,	PUNCT
cjfa-41512	324	7	44(1	44(1	PROPN
cjfa-41512	324	8	)	)	PUNCT
cjfa-41512	324	9	,	,	PUNCT
cjfa-41512	324	10	37–51	37–51	NUM
cjfa-41512	324	11	.	.	PUNCT
cjfa-41512	325	1	http://dx.doi.org/10.2307/1926621	http://dx.doi.org/10.2307/1926621	PROPN
cjfa-41512	325	2	.	.	PUNCT
cjfa-41512	325	3	habib	habib	PROPN
cjfa-41512	325	4	,	,	PUNCT
cjfa-41512	325	5	y.	y.	PROPN
cjfa-41512	325	6	,	,	PUNCT
cjfa-41512	325	7	kiani	kiani	PROPN
cjfa-41512	325	8	,	,	PUNCT
cjfa-41512	325	9	z.i	z.i	PROPN
cjfa-41512	325	10	.	.	PROPN
cjfa-41512	325	11	,	,	PUNCT
cjfa-41512	325	12	&	&	CCONJ
cjfa-41512	325	13	khan	khan	PROPN
cjfa-41512	325	14	,	,	PUNCT
cjfa-41512	325	15	m.a	m.a	PROPN
cjfa-41512	325	16	.	.	PROPN
cjfa-41512	325	17	(	(	PUNCT
cjfa-41512	325	18	2012	2012	NUM
cjfa-41512	325	19	)	)	PUNCT
cjfa-41512	325	20	,	,	PUNCT
cjfa-41512	325	21	dividend	dividend	NOUN
cjfa-41512	325	22	policy	policy	NOUN
cjfa-41512	325	23	and	and	CCONJ
cjfa-41512	325	24	share	share	NOUN
cjfa-41512	325	25	price	price	NOUN
cjfa-41512	325	26	volatility	volatility	NOUN
cjfa-41512	325	27	:	:	PUNCT
cjfa-41512	325	28	evidence	evidence	NOUN
cjfa-41512	325	29	from	from	ADP
cjfa-41512	325	30	pakistan	pakistan	PROPN
cjfa-41512	325	31	.	.	PUNCT
cjfa-41512	326	1	global	global	ADJ
cjfa-41512	326	2	journal	journal	PROPN
cjfa-41512	326	3	of	of	ADP
cjfa-41512	326	4	management	management	NOUN
cjfa-41512	326	5	and	and	CCONJ
cjfa-41512	326	6	business	business	NOUN
cjfa-41512	326	7	research	research	NOUN
cjfa-41512	326	8	,	,	PUNCT
cjfa-41512	326	9	12(5	12(5	NUM
cjfa-41512	326	10	)	)	PUNCT
cjfa-41512	326	11	,	,	PUNCT
cjfa-41512	326	12	78–84	78–84	NOUN
cjfa-41512	326	13	.	.	PUNCT
cjfa-41512	327	1	n.a	n.a	PROPN
cjfa-41512	327	2	.	.	PROPN
cjfa-41512	327	3	emeka	emeka	PROPN
cjfa-41512	327	4	-	-	PUNCT
cjfa-41512	327	5	nwokeji	nwokeji	PROPN
cjfa-41512	327	6	,	,	PUNCT
cjfa-41512	327	7	e.	e.	PROPN
cjfa-41512	327	8	nangih	nangih	PROPN
cjfa-41512	327	9	,	,	PUNCT
cjfa-41512	327	10	c.o	c.o	PROPN
cjfa-41512	327	11	.	.	PROPN
cjfa-41512	327	12	chiedu	chiedu	PROPN
cjfa-41512	327	13	,	,	PUNCT
cjfa-41512	327	14	e.n	e.n	PROPN
cjfa-41512	327	15	.	.	PROPN
cjfa-41512	327	16	ekwunife4848	ekwunife4848	PROPN
cjfa-41512	327	17	hafeez	hafeez	PROPN
cjfa-41512	327	18	,	,	PUNCT
cjfa-41512	327	19	m.m	m.m	PROPN
cjfa-41512	327	20	.	.	PROPN
cjfa-41512	327	21	,	,	PUNCT
cjfa-41512	327	22	shahbaz	shahbaz	PROPN
cjfa-41512	327	23	,	,	PUNCT
cjfa-41512	327	24	s.	s.	PROPN
cjfa-41512	327	25	,	,	PUNCT
cjfa-41512	327	26	iftikhar	iftikhar	PROPN
cjfa-41512	327	27	,	,	PUNCT
cjfa-41512	327	28	i.	i.	PROPN
cjfa-41512	327	29	,	,	PUNCT
cjfa-41512	327	30	&	&	CCONJ
cjfa-41512	327	31	butt	butt	PROPN
cjfa-41512	327	32	,	,	PUNCT
cjfa-41512	327	33	h.a	h.a	PROPN
cjfa-41512	327	34	.	.	PROPN
cjfa-41512	327	35	(	(	PUNCT
cjfa-41512	327	36	2018	2018	NUM
cjfa-41512	327	37	)	)	PUNCT
cjfa-41512	327	38	.	.	PUNCT
cjfa-41512	328	1	impact	impact	NOUN
cjfa-41512	328	2	of	of	ADP
cjfa-41512	328	3	dividend	dividend	NOUN
cjfa-41512	328	4	policy	policy	NOUN
cjfa-41512	328	5	on	on	ADP
cjfa-41512	328	6	firm	firm	ADJ
cjfa-41512	328	7	performance	performance	NOUN
cjfa-41512	328	8	:	:	PUNCT
cjfa-41512	328	9	evidence	evidence	NOUN
cjfa-41512	328	10	from	from	ADP
cjfa-41512	328	11	the	the	DET
cjfa-41512	328	12	manufacturing	manufacturing	NOUN
cjfa-41512	328	13	firms	firm	NOUN
cjfa-41512	328	14	in	in	ADP
cjfa-41512	328	15	pakistan	pakistan	PROPN
cjfa-41512	328	16	.	.	PUNCT
cjfa-41512	329	1	international	international	ADJ
cjfa-41512	329	2	journal	journal	PROPN
cjfa-41512	329	3	of	of	ADP
cjfa-41512	329	4	advance	advance	NOUN
cjfa-41512	329	5	study	study	NOUN
cjfa-41512	329	6	and	and	CCONJ
cjfa-41512	329	7	research	research	NOUN
cjfa-41512	329	8	work	work	NOUN
cjfa-41512	329	9	,	,	PUNCT
cjfa-41512	329	10	1(4	1(4	NUM
cjfa-41512	329	11	)	)	PUNCT
cjfa-41512	329	12	,	,	PUNCT
cjfa-41512	329	13	1–5	1–5	NUM
cjfa-41512	329	14	.	.	PUNCT
cjfa-41512	330	1	http://dx.doi.org/10.5281/	http://dx.doi.org/10.5281/	PROPN
cjfa-41512	330	2	zenodo.13121	zenodo.13121	PROPN
cjfa-41512	330	3	.	.	PUNCT
cjfa-41512	330	4	hailin	hailin	PROPN
cjfa-41512	330	5	,	,	PUNCT
cjfa-41512	330	6	q.	q.	PROPN
cjfa-41512	330	7	,	,	PUNCT
cjfa-41512	330	8	&	&	CCONJ
cjfa-41512	330	9	jingxu	jingxu	PROPN
cjfa-41512	330	10	,	,	PUNCT
cjfa-41512	330	11	z.	z.	PROPN
cjfa-41512	330	12	(	(	PUNCT
cjfa-41512	330	13	2019	2019	NUM
cjfa-41512	330	14	)	)	PUNCT
cjfa-41512	330	15	.	.	PUNCT
cjfa-41512	331	1	can	can	AUX
cjfa-41512	331	2	mandatory	mandatory	ADJ
cjfa-41512	331	3	dividend	dividend	NOUN
cjfa-41512	331	4	policy	policy	NOUN
cjfa-41512	331	5	reduce	reduce	VERB
cjfa-41512	331	6	the	the	DET
cjfa-41512	331	7	agency	agency	NOUN
cjfa-41512	331	8	cost	cost	NOUN
cjfa-41512	331	9	of	of	ADP
cjfa-41512	331	10	listed	list	VERB
cjfa-41512	331	11	companies	company	NOUN
cjfa-41512	331	12	?	?	PUNCT
cjfa-41512	332	1	model	model	NOUN
cjfa-41512	332	2	analysis	analysis	NOUN
cjfa-41512	332	3	and	and	CCONJ
cjfa-41512	332	4	empirical	empirical	ADJ
cjfa-41512	332	5	test	test	NOUN
cjfa-41512	332	6	in	in	ADP
cjfa-41512	332	7	china	china	PROPN
cjfa-41512	332	8	.	.	PUNCT
cjfa-41512	333	1	copernican	copernican	PROPN
cjfa-41512	333	2	journal	journal	PROPN
cjfa-41512	333	3	of	of	ADP
cjfa-41512	333	4	finance	finance	PROPN
cjfa-41512	333	5	&	&	CCONJ
cjfa-41512	333	6	accounting	accounting	PROPN
cjfa-41512	333	7	,	,	PUNCT
cjfa-41512	333	8	8(1	8(1	NOUN
cjfa-41512	333	9	)	)	PUNCT
cjfa-41512	333	10	,	,	PUNCT
cjfa-41512	333	11	59–101	59–101	PROPN
cjfa-41512	333	12	.	.	PUNCT
cjfa-41512	334	1	http://dx.doi.org/10.12775/cjfa.2019.003	http://dx.doi.org/10.12775/cjfa.2019.003	X
cjfa-41512	334	2	.	.	PUNCT
cjfa-41512	335	1	haque	haque	PROPN
cjfa-41512	335	2	,	,	PUNCT
cjfa-41512	335	3	r.	r.	PROPN
cjfa-41512	335	4	,	,	PUNCT
cjfa-41512	335	5	jahiruddin	jahiruddin	PROPN
cjfa-41512	335	6	,	,	PUNCT
cjfa-41512	335	7	a.t.m	a.t.m	NOUN
cjfa-41512	335	8	.	.	PROPN
cjfa-41512	335	9	,	,	PUNCT
cjfa-41512	335	10	&	&	CCONJ
cjfa-41512	335	11	mishu	mishu	PROPN
cjfa-41512	335	12	,	,	PUNCT
cjfa-41512	335	13	f.	f.	PROPN
cjfa-41512	335	14	(	(	PUNCT
cjfa-41512	335	15	2019	2019	NUM
cjfa-41512	335	16	)	)	PUNCT
cjfa-41512	335	17	.	.	PUNCT
cjfa-41512	336	1	dividend	dividend	NOUN
cjfa-41512	336	2	policy	policy	NOUN
cjfa-41512	336	3	and	and	CCONJ
cjfa-41512	336	4	share	share	NOUN
cjfa-41512	336	5	price	price	NOUN
cjfa-41512	336	6	volatility	volatility	NOUN
cjfa-41512	336	7	:	:	PUNCT
cjfa-41512	336	8	a	a	DET
cjfa-41512	336	9	study	study	NOUN
cjfa-41512	336	10	on	on	ADP
cjfa-41512	336	11	dhaka	dhaka	PROPN
cjfa-41512	336	12	stock	stock	PROPN
cjfa-41512	336	13	exchange	exchange	PROPN
cjfa-41512	336	14	.	.	PUNCT
cjfa-41512	337	1	australian	australian	ADJ
cjfa-41512	337	2	academy	academy	NOUN
cjfa-41512	337	3	of	of	ADP
cjfa-41512	337	4	accounting	accounting	PROPN
cjfa-41512	337	5	and	and	CCONJ
cjfa-41512	337	6	finance	finance	NOUN
cjfa-41512	337	7	review	review	NOUN
cjfa-41512	337	8	,	,	PUNCT
cjfa-41512	337	9	4(3	4(3	NUM
cjfa-41512	337	10	)	)	PUNCT
cjfa-41512	337	11	,	,	PUNCT
cjfa-41512	337	12	89–99	89–99	NUM
cjfa-41512	337	13	.	.	PUNCT
cjfa-41512	338	1	henderson	henderson	PROPN
cjfa-41512	338	2	,	,	PUNCT
cjfa-41512	338	3	a.r	a.r	PROPN
cjfa-41512	338	4	.	.	PROPN
cjfa-41512	338	5	(	(	PUNCT
cjfa-41512	338	6	2006	2006	NUM
cjfa-41512	338	7	)	)	PUNCT
cjfa-41512	338	8	.	.	PUNCT
cjfa-41512	339	1	testing	test	VERB
cjfa-41512	339	2	experimental	experimental	ADJ
cjfa-41512	339	3	data	datum	NOUN
cjfa-41512	339	4	for	for	ADP
cjfa-41512	339	5	univariate	univariate	ADJ
cjfa-41512	339	6	normality	normality	NOUN
cjfa-41512	339	7	.	.	PUNCT
cjfa-41512	340	1	clinica	clinica	PROPN
cjfa-41512	340	2	chimica	chimica	PROPN
cjfa-41512	340	3	acta	acta	PROPN
cjfa-41512	340	4	,	,	PUNCT
cjfa-41512	340	5	366(1–2	366(1–2	NUM
cjfa-41512	340	6	)	)	PUNCT
cjfa-41512	340	7	,	,	PUNCT
cjfa-41512	340	8	112	112	NUM
cjfa-41512	340	9	-	-	SYM
cjfa-41512	340	10	129	129	NUM
cjfa-41512	340	11	.	.	PUNCT
cjfa-41512	341	1	http://dx.doi.org/10.1016/j.cca.2005.11.007	http://dx.doi.org/10.1016/j.cca.2005.11.007	PROPN
cjfa-41512	341	2	.	.	PUNCT
cjfa-41512	342	1	iftikhar	iftikhar	PROPN
cjfa-41512	342	2	,	,	PUNCT
cjfa-41512	342	3	a.b	a.b	PROPN
cjfa-41512	342	4	.	.	PROPN
cjfa-41512	342	5	,	,	PUNCT
cjfa-41512	342	6	raja	raja	PROPN
cjfa-41512	342	7	,	,	PUNCT
cjfa-41512	342	8	n.u.d.j	n.u.d.j	PROPN
cjfa-41512	342	9	.	.	PROPN
cjfa-41512	342	10	,	,	PUNCT
cjfa-41512	342	11	&	&	CCONJ
cjfa-41512	342	12	sehran	sehran	PROPN
cjfa-41512	342	13	,	,	PUNCT
cjfa-41512	342	14	k.n	k.n	PROPN
cjfa-41512	342	15	.	.	PROPN
cjfa-41512	342	16	(	(	PUNCT
cjfa-41512	342	17	2017	2017	NUM
cjfa-41512	342	18	)	)	PUNCT
cjfa-41512	342	19	.	.	PUNCT
cjfa-41512	343	1	impact	impact	NOUN
cjfa-41512	343	2	of	of	ADP
cjfa-41512	343	3	dividend	dividend	NOUN
cjfa-41512	343	4	policy	policy	NOUN
cjfa-41512	343	5	on	on	ADP
cjfa-41512	343	6	stock	stock	NOUN
cjfa-41512	343	7	prices	price	NOUN
cjfa-41512	343	8	of	of	ADP
cjfa-41512	343	9	firm	firm	NOUN
cjfa-41512	343	10	.	.	PUNCT
cjfa-41512	344	1	theoretical	theoretical	ADJ
cjfa-41512	344	2	&	&	CCONJ
cjfa-41512	344	3	applied	applied	ADJ
cjfa-41512	344	4	science	science	NOUN
cjfa-41512	344	5	,	,	PUNCT
cjfa-41512	344	6	3(47	3(47	NUM
cjfa-41512	344	7	)	)	PUNCT
cjfa-41512	344	8	,	,	PUNCT
cjfa-41512	344	9	32–37	32–37	NUM
cjfa-41512	344	10	.	.	PUNCT
cjfa-41512	345	1	islam	islam	PROPN
cjfa-41512	345	2	,	,	PUNCT
cjfa-41512	345	3	m.s	m.s	PROPN
cjfa-41512	345	4	.	.	PROPN
cjfa-41512	345	5	(	(	PUNCT
cjfa-41512	345	6	2018	2018	NUM
cjfa-41512	345	7	)	)	PUNCT
cjfa-41512	345	8	.	.	PUNCT
cjfa-41512	346	1	dividend	dividend	NOUN
cjfa-41512	346	2	practices	practice	NOUN
cjfa-41512	346	3	in	in	ADP
cjfa-41512	346	4	listed	list	VERB
cjfa-41512	346	5	banks	bank	NOUN
cjfa-41512	346	6	of	of	ADP
cjfa-41512	346	7	bangladesh	bangladesh	PROPN
cjfa-41512	346	8	.	.	PUNCT
cjfa-41512	347	1	copernican	copernican	PROPN
cjfa-41512	347	2	journal	journal	PROPN
cjfa-41512	347	3	of	of	ADP
cjfa-41512	347	4	finance	finance	PROPN
cjfa-41512	347	5	&	&	CCONJ
cjfa-41512	347	6	accounting	accounting	PROPN
cjfa-41512	347	7	,	,	PUNCT
cjfa-41512	347	8	7(2	7(2	NUM
cjfa-41512	347	9	)	)	PUNCT
cjfa-41512	347	10	,	,	PUNCT
cjfa-41512	347	11	43–61	43–61	NUM
cjfa-41512	347	12	.	.	PUNCT
cjfa-41512	348	1	http://dx.doi.org/10.12775/cjfa.2018.008	http://dx.doi.org/10.12775/cjfa.2018.008	NUM
cjfa-41512	348	2	.	.	PUNCT
cjfa-41512	349	1	labhane	labhane	PROPN
cjfa-41512	349	2	,	,	PUNCT
cjfa-41512	349	3	n.b	n.b	PROPN
cjfa-41512	349	4	.	.	PROPN
cjfa-41512	349	5	,	,	PUNCT
cjfa-41512	349	6	&	&	CCONJ
cjfa-41512	349	7	das	das	PROPN
cjfa-41512	349	8	,	,	PUNCT
cjfa-41512	349	9	r.c	r.c	PROPN
cjfa-41512	349	10	.	.	PROPN
cjfa-41512	349	11	(	(	PUNCT
cjfa-41512	349	12	2015	2015	NUM
cjfa-41512	349	13	)	)	PUNCT
cjfa-41512	349	14	.	.	PUNCT
cjfa-41512	350	1	determinants	determinant	NOUN
cjfa-41512	350	2	of	of	ADP
cjfa-41512	350	3	dividend	dividend	NOUN
cjfa-41512	350	4	payout	payout	NOUN
cjfa-41512	350	5	ratio	ratio	NOUN
cjfa-41512	350	6	:	:	PUNCT
cjfa-41512	350	7	evidence	evidence	NOUN
cjfa-41512	350	8	from	from	ADP
cjfa-41512	350	9	indian	indian	ADJ
cjfa-41512	350	10	companies	company	NOUN
cjfa-41512	350	11	.	.	PUNCT
cjfa-41512	351	1	macrothink	macrothink	PROPN
cjfa-41512	351	2	institute	institute	PROPN
cjfa-41512	351	3	:	:	PUNCT
cjfa-41512	351	4	business	business	NOUN
cjfa-41512	351	5	and	and	CCONJ
cjfa-41512	351	6	economic	economic	ADJ
cjfa-41512	351	7	research	research	NOUN
cjfa-41512	351	8	,	,	PUNCT
cjfa-41512	351	9	5(2	5(2	NUM
cjfa-41512	351	10	)	)	PUNCT
cjfa-41512	351	11	,	,	PUNCT
cjfa-41512	351	12	217	217	NUM
cjfa-41512	351	13	–	–	PUNCT
cjfa-41512	351	14	–	–	PUNCT
cjfa-41512	351	15	241	241	NUM
cjfa-41512	351	16	.	.	PUNCT
cjfa-41512	352	1	http://dx.doi.org/10.5296/ber.v5i2.8154	http://dx.doi.org/10.5296/ber.v5i2.8154	PROPN
cjfa-41512	352	2	.	.	PUNCT
cjfa-41512	353	1	lintner	lintner	PROPN
cjfa-41512	353	2	,	,	PUNCT
cjfa-41512	353	3	j.	j.	PROPN
cjfa-41512	353	4	(	(	PUNCT
cjfa-41512	353	5	1962	1962	NUM
cjfa-41512	353	6	)	)	PUNCT
cjfa-41512	353	7	.	.	PUNCT
cjfa-41512	354	1	dividends	dividend	NOUN
cjfa-41512	354	2	,	,	PUNCT
cjfa-41512	354	3	earnings	earning	NOUN
cjfa-41512	354	4	,	,	PUNCT
cjfa-41512	354	5	leverage	leverage	NOUN
cjfa-41512	354	6	,	,	PUNCT
cjfa-41512	354	7	stock	stock	NOUN
cjfa-41512	354	8	prices	price	NOUN
cjfa-41512	354	9	,	,	PUNCT
cjfa-41512	354	10	and	and	CCONJ
cjfa-41512	354	11	the	the	DET
cjfa-41512	354	12	supply	supply	NOUN
cjfa-41512	354	13	of	of	ADP
cjfa-41512	354	14	capital	capital	NOUN
cjfa-41512	354	15	to	to	ADP
cjfa-41512	354	16	corporations	corporation	NOUN
cjfa-41512	354	17	.	.	PUNCT
cjfa-41512	355	1	review	review	NOUN
cjfa-41512	355	2	of	of	ADP
cjfa-41512	355	3	economics	economic	NOUN
cjfa-41512	355	4	and	and	CCONJ
cjfa-41512	355	5	statistics	statistic	NOUN
cjfa-41512	355	6	,	,	PUNCT
cjfa-41512	355	7	44(3	44(3	NOUN
cjfa-41512	355	8	)	)	PUNCT
cjfa-41512	355	9	,	,	PUNCT
cjfa-41512	355	10	243–269	243–269	NUM
cjfa-41512	355	11	.	.	PUNCT
cjfa-41512	355	12	marfo	marfo	ADJ
cjfa-41512	355	13	-	-	PUNCT
cjfa-41512	355	14	yiadom	yiadom	NOUN
cjfa-41512	355	15	,	,	PUNCT
cjfa-41512	355	16	e.	e.	PROPN
cjfa-41512	355	17	,	,	PUNCT
cjfa-41512	355	18	&	&	CCONJ
cjfa-41512	355	19	agyei	agyei	PROPN
cjfa-41512	355	20	,	,	PUNCT
cjfa-41512	355	21	s.k	s.k	PROPN
cjfa-41512	355	22	.	.	PROPN
cjfa-41512	355	23	(	(	PUNCT
cjfa-41512	355	24	2011	2011	NUM
cjfa-41512	355	25	)	)	PUNCT
cjfa-41512	355	26	.	.	PUNCT
cjfa-41512	356	1	dividend	dividend	NOUN
cjfa-41512	356	2	policy	policy	NOUN
cjfa-41512	356	3	and	and	CCONJ
cjfa-41512	356	4	bank	bank	NOUN
cjfa-41512	356	5	performance	performance	NOUN
cjfa-41512	356	6	in	in	ADP
cjfa-41512	356	7	ghana	ghana	PROPN
cjfa-41512	356	8	.	.	PUNCT
cjfa-41512	357	1	international	international	ADJ
cjfa-41512	357	2	journal	journal	PROPN
cjfa-41512	357	3	of	of	ADP
cjfa-41512	357	4	economics	economic	NOUN
cjfa-41512	357	5	and	and	CCONJ
cjfa-41512	357	6	finance	finance	NOUN
cjfa-41512	357	7	,	,	PUNCT
cjfa-41512	357	8	3(4	3(4	NUM
cjfa-41512	357	9	)	)	PUNCT
cjfa-41512	357	10	,	,	PUNCT
cjfa-41512	357	11	202–207	202–207	NUM
cjfa-41512	357	12	.	.	PUNCT
cjfa-41512	358	1	margono	margono	PROPN
cjfa-41512	358	2	,	,	PUNCT
cjfa-41512	358	3	f.p	f.p	PROPN
cjfa-41512	358	4	.	.	PROPN
cjfa-41512	358	5	,	,	PUNCT
cjfa-41512	358	6	&	&	CCONJ
cjfa-41512	358	7	gantino	gantino	PROPN
cjfa-41512	358	8	,	,	PUNCT
cjfa-41512	358	9	r.	r.	PROPN
cjfa-41512	358	10	(	(	PUNCT
cjfa-41512	358	11	2021	2021	NUM
cjfa-41512	358	12	)	)	PUNCT
cjfa-41512	358	13	.	.	PUNCT
cjfa-41512	359	1	the	the	DET
cjfa-41512	359	2	influence	influence	NOUN
cjfa-41512	359	3	of	of	ADP
cjfa-41512	359	4	firm	firm	ADJ
cjfa-41512	359	5	size	size	NOUN
cjfa-41512	359	6	,	,	PUNCT
cjfa-41512	359	7	leverage	leverage	NOUN
cjfa-41512	359	8	,	,	PUNCT
cjfa-41512	359	9	profitability	profitability	NOUN
cjfa-41512	359	10	,	,	PUNCT
cjfa-41512	359	11	and	and	CCONJ
cjfa-41512	359	12	dividend	dividend	NOUN
cjfa-41512	359	13	policy	policy	NOUN
cjfa-41512	359	14	on	on	ADP
cjfa-41512	359	15	firm	firm	ADJ
cjfa-41512	359	16	value	value	NOUN
cjfa-41512	359	17	of	of	ADP
cjfa-41512	359	18	companies	company	NOUN
cjfa-41512	359	19	in	in	ADP
cjfa-41512	359	20	indonesia	indonesia	PROPN
cjfa-41512	359	21	stock	stock	PROPN
cjfa-41512	359	22	exchange	exchange	PROPN
cjfa-41512	359	23	.	.	PUNCT
cjfa-41512	360	1	copernican	copernican	PROPN
cjfa-41512	360	2	journal	journal	PROPN
cjfa-41512	360	3	of	of	ADP
cjfa-41512	360	4	finance	finance	PROPN
cjfa-41512	360	5	&	&	CCONJ
cjfa-41512	360	6	accounting	accounting	PROPN
cjfa-41512	360	7	,	,	PUNCT
cjfa-41512	360	8	10(2	10(2	NUM
cjfa-41512	360	9	)	)	PUNCT
cjfa-41512	360	10	,	,	PUNCT
cjfa-41512	360	11	45–61	45–61	NUM
cjfa-41512	360	12	.	.	PUNCT
cjfa-41512	361	1	http://dx.doi.org/10.12775/	http://dx.doi.org/10.12775/	PROPN
cjfa-41512	361	2	cjfa.2021.007	cjfa.2021.007	PROPN
cjfa-41512	361	3	.	.	PUNCT
cjfa-41512	362	1	modigliani	modigliani	PROPN
cjfa-41512	362	2	,	,	PUNCT
cjfa-41512	362	3	f.	f.	PROPN
cjfa-41512	362	4	,	,	PUNCT
cjfa-41512	362	5	&	&	CCONJ
cjfa-41512	362	6	miller	miller	PROPN
cjfa-41512	362	7	,	,	PUNCT
cjfa-41512	362	8	m.	m.	NOUN
cjfa-41512	362	9	(	(	PUNCT
cjfa-41512	362	10	1961	1961	NUM
cjfa-41512	362	11	)	)	PUNCT
cjfa-41512	362	12	.	.	PUNCT
cjfa-41512	363	1	dividend	dividend	NOUN
cjfa-41512	363	2	policy	policy	NOUN
cjfa-41512	363	3	,	,	PUNCT
cjfa-41512	363	4	growth	growth	NOUN
cjfa-41512	363	5	and	and	CCONJ
cjfa-41512	363	6	the	the	DET
cjfa-41512	363	7	valuation	valuation	NOUN
cjfa-41512	363	8	of	of	ADP
cjfa-41512	363	9	shares	share	NOUN
cjfa-41512	363	10	.	.	PUNCT
cjfa-41512	364	1	journal	journal	NOUN
cjfa-41512	364	2	of	of	ADP
cjfa-41512	364	3	business	business	NOUN
cjfa-41512	364	4	,	,	PUNCT
cjfa-41512	364	5	34(4	34(4	NUM
cjfa-41512	364	6	)	)	PUNCT
cjfa-41512	364	7	,	,	PUNCT
cjfa-41512	364	8	411–433	411–433	NUM
cjfa-41512	364	9	.	.	PUNCT
cjfa-41512	365	1	nangih	nangih	PROPN
cjfa-41512	365	2	,	,	PUNCT
cjfa-41512	365	3	e.	e.	PROPN
cjfa-41512	365	4	(	(	PUNCT
cjfa-41512	365	5	2021	2021	NUM
cjfa-41512	365	6	)	)	PUNCT
cjfa-41512	365	7	.	.	PUNCT
cjfa-41512	366	1	financing	finance	VERB
cjfa-41512	366	2	mix	mix	NOUN
cjfa-41512	366	3	and	and	CCONJ
cjfa-41512	366	4	market	market	NOUN
cjfa-41512	366	5	potentials	potential	NOUN
cjfa-41512	366	6	of	of	ADP
cjfa-41512	366	7	listed	list	VERB
cjfa-41512	366	8	oil	oil	NOUN
cjfa-41512	366	9	&	&	CCONJ
cjfa-41512	366	10	gas	gas	NOUN
cjfa-41512	366	11	firms	firm	NOUN
cjfa-41512	366	12	in	in	ADP
cjfa-41512	366	13	nigeria	nigeria	PROPN
cjfa-41512	366	14	.	.	PUNCT
cjfa-41512	367	1	journal	journal	PROPN
cjfa-41512	367	2	of	of	ADP
cjfa-41512	367	3	applied	apply	VERB
cjfa-41512	367	4	financial	financial	ADJ
cjfa-41512	367	5	econometrics	econometric	NOUN
cjfa-41512	367	6	,	,	PUNCT
cjfa-41512	367	7	2(1	2(1	NUM
cjfa-41512	367	8	)	)	PUNCT
cjfa-41512	367	9	,	,	PUNCT
cjfa-41512	367	10	15–27	15–27	NUM
cjfa-41512	367	11	.	.	PUNCT
cjfa-41512	368	1	naz	naz	PROPN
cjfa-41512	368	2	,	,	PUNCT
cjfa-41512	368	3	m.	m.	NOUN
cjfa-41512	368	4	,	,	PUNCT
cjfa-41512	368	5	&	&	CCONJ
cjfa-41512	368	6	siddiqui	siddiqui	PROPN
cjfa-41512	368	7	,	,	PUNCT
cjfa-41512	368	8	d.a	d.a	PROPN
cjfa-41512	368	9	.	.	PROPN
cjfa-41512	368	10	(	(	PUNCT
cjfa-41512	368	11	2020	2020	NUM
cjfa-41512	368	12	)	)	PUNCT
cjfa-41512	368	13	.	.	PUNCT
cjfa-41512	369	1	the	the	DET
cjfa-41512	369	2	effect	effect	NOUN
cjfa-41512	369	3	of	of	ADP
cjfa-41512	369	4	dividend	dividend	NOUN
cjfa-41512	369	5	policy	policy	NOUN
cjfa-41512	369	6	on	on	ADP
cjfa-41512	369	7	share	share	NOUN
cjfa-41512	369	8	price	price	NOUN
cjfa-41512	369	9	volatility	volatility	NOUN
cjfa-41512	369	10	in	in	ADP
cjfa-41512	369	11	pakistan	pakistan	PROPN
cjfa-41512	369	12	,	,	PUNCT
cjfa-41512	369	13	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3681292	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3681292	PROPN
cjfa-41512	369	14	(	(	PUNCT
cjfa-41512	369	15	accessed	access	VERB
cjfa-41512	369	16	:	:	PUNCT
cjfa-41512	369	17	5.10.2021	5.10.2021	NUM
cjfa-41512	369	18	)	)	PUNCT
cjfa-41512	369	19	.	.	PUNCT
cjfa-41512	370	1	omilabu	omilabu	PROPN
cjfa-41512	370	2	,	,	PUNCT
cjfa-41512	370	3	f.y	f.y	PROPN
cjfa-41512	370	4	,	,	PUNCT
cjfa-41512	370	5	alao	alao	PROPN
cjfa-41512	370	6	,	,	PUNCT
cjfa-41512	370	7	a.a	a.a	PROPN
cjfa-41512	370	8	&	&	CCONJ
cjfa-41512	370	9	situ	situ	PROPN
cjfa-41512	370	10	,	,	PUNCT
cjfa-41512	370	11	a.o	a.o	PROPN
cjfa-41512	370	12	(	(	PUNCT
cjfa-41512	370	13	2018	2018	NUM
cjfa-41512	370	14	)	)	PUNCT
cjfa-41512	370	15	.	.	PUNCT
cjfa-41512	371	1	dividend	dividend	NOUN
cjfa-41512	371	2	policy	policy	NOUN
cjfa-41512	371	3	and	and	CCONJ
cjfa-41512	371	4	banks	bank	NOUN
cjfa-41512	371	5	’	’	PART
cjfa-41512	371	6	profitability	profitability	NOUN
cjfa-41512	371	7	in	in	ADP
cjfa-41512	371	8	nigeria	nigeria	PROPN
cjfa-41512	371	9	.	.	PUNCT
cjfa-41512	372	1	nile	nile	PROPN
cjfa-41512	372	2	journal	journal	PROPN
cjfa-41512	372	3	of	of	ADP
cjfa-41512	372	4	business	business	NOUN
cjfa-41512	372	5	and	and	CCONJ
cjfa-41512	372	6	economics	economic	NOUN
cjfa-41512	372	7	,	,	PUNCT
cjfa-41512	372	8	10	10	NUM
cjfa-41512	372	9	,	,	PUNCT
cjfa-41512	372	10	52–68	52–68	NUM
cjfa-41512	372	11	.	.	PUNCT
cjfa-41512	373	1	peng	peng	PROPN
cjfa-41512	373	2	,	,	PUNCT
cjfa-41512	373	3	g.	g.	PROPN
cjfa-41512	373	4	(	(	PUNCT
cjfa-41512	373	5	2004	2004	NUM
cjfa-41512	373	6	)	)	PUNCT
cjfa-41512	373	7	.	.	PUNCT
cjfa-41512	374	1	testing	test	VERB
cjfa-41512	374	2	normality	normality	NOUN
cjfa-41512	374	3	of	of	ADP
cjfa-41512	374	4	data	datum	NOUN
cjfa-41512	374	5	using	use	VERB
cjfa-41512	374	6	sas	sas	PROPN
cjfa-41512	374	7	.	.	PUNCT
cjfa-41512	375	1	indianapolis	indianapolis	PROPN
cjfa-41512	375	2	:	:	PUNCT
cjfa-41512	375	3	lilly	lilly	ADJ
cjfa-41512	375	4	corporate	corporate	ADJ
cjfa-41512	375	5	center	center	NOUN
cjfa-41512	375	6	.	.	PUNCT
cjfa-41512	376	1	https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.603.7383&rep=rep	https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.603.7383&rep=rep	PROPN
cjfa-41512	376	2	1&type	1&type	PROPN
cjfa-41512	376	3	=	=	SYM
cjfa-41512	376	4	pdf	pdf	NOUN
cjfa-41512	376	5	.	.	PUNCT
cjfa-41512	377	1	sharif	sharif	PROPN
cjfa-41512	377	2	,	,	PUNCT
cjfa-41512	377	3	t.	t.	PROPN
cjfa-41512	377	4	,	,	PUNCT
cjfa-41512	377	5	purohit	purohit	PROPN
cjfa-41512	377	6	,	,	PUNCT
cjfa-41512	377	7	h.	h.	PROPN
cjfa-41512	377	8	,	,	PUNCT
cjfa-41512	377	9	&	&	CCONJ
cjfa-41512	377	10	pillai	pillai	PROPN
cjfa-41512	377	11	,	,	PUNCT
cjfa-41512	377	12	r.	r.	PROPN
cjfa-41512	377	13	(	(	PUNCT
cjfa-41512	377	14	2015	2015	NUM
cjfa-41512	377	15	)	)	PUNCT
cjfa-41512	377	16	.	.	PUNCT
cjfa-41512	378	1	analysis	analysis	NOUN
cjfa-41512	378	2	of	of	ADP
cjfa-41512	378	3	factors	factor	NOUN
cjfa-41512	378	4	affecting	affect	VERB
cjfa-41512	378	5	share	share	NOUN
cjfa-41512	378	6	prices	price	NOUN
cjfa-41512	378	7	:	:	PUNCT
cjfa-41512	378	8	the	the	DET
cjfa-41512	378	9	case	case	NOUN
cjfa-41512	378	10	of	of	ADP
cjfa-41512	378	11	bahrain	bahrain	NOUN
cjfa-41512	378	12	stock	stock	NOUN
cjfa-41512	378	13	exchange	exchange	PROPN
cjfa-41512	378	14	.	.	PUNCT
cjfa-41512	379	1	international	international	ADJ
cjfa-41512	379	2	journal	journal	PROPN
cjfa-41512	379	3	of	of	ADP
cjfa-41512	379	4	economics	economic	NOUN
cjfa-41512	379	5	and	and	CCONJ
cjfa-41512	379	6	finance	finance	NOUN
cjfa-41512	379	7	,	,	PUNCT
cjfa-41512	379	8	7(3	7(3	NUM
cjfa-41512	379	9	)	)	PUNCT
cjfa-41512	379	10	,	,	PUNCT
cjfa-41512	379	11	207–216	207–216	NUM
cjfa-41512	379	12	.	.	PUNCT
cjfa-41512	380	1	http://dx.doi.org/10.5539/ijef.v7n3p207	http://dx.doi.org/10.5539/ijef.v7n3p207	NOUN
cjfa-41512	380	2	.	.	PUNCT
cjfa-41512	381	1	reaction	reaction	NOUN
cjfa-41512	381	2	of	of	ADP
cjfa-41512	381	3	share	share	NOUN
cjfa-41512	381	4	prices	price	NOUN
cjfa-41512	381	5	to	to	PART
cjfa-41512	381	6	dividend	dividend	VERB
cjfa-41512	381	7	policy	policy	NOUN
cjfa-41512	381	8	…	…	PUNCT
cjfa-41512	381	9	4949	4949	NUM
cjfa-41512	381	10	ubesie	ubesie	NOUN
cjfa-41512	381	11	,	,	PUNCT
cjfa-41512	381	12	m.c	m.c	PROPN
cjfa-41512	381	13	.	.	PROPN
cjfa-41512	381	14	,	,	PUNCT
cjfa-41512	381	15	emejulu	emejulu	VERB
cjfa-41512	381	16	,	,	PUNCT
cjfa-41512	381	17	c.e	c.e	PROPN
cjfa-41512	381	18	.	.	PROPN
cjfa-41512	381	19	,	,	PUNCT
cjfa-41512	381	20	&	&	CCONJ
cjfa-41512	381	21	iyidiobi	iyidiobi	PROPN
cjfa-41512	381	22	,	,	PUNCT
cjfa-41512	381	23	f.c	f.c	PROPN
cjfa-41512	381	24	.	.	PROPN
cjfa-41512	381	25	(	(	PUNCT
cjfa-41512	381	26	2020	2020	NUM
cjfa-41512	381	27	)	)	PUNCT
cjfa-41512	381	28	.	.	PUNCT
cjfa-41512	382	1	effect	effect	NOUN
cjfa-41512	382	2	of	of	ADP
cjfa-41512	382	3	dividend	dividend	NOUN
cjfa-41512	382	4	policy	policy	NOUN
cjfa-41512	382	5	on	on	ADP
cjfa-41512	382	6	financial	financial	ADJ
cjfa-41512	382	7	performance	performance	NOUN
cjfa-41512	382	8	of	of	ADP
cjfa-41512	382	9	consumer	consumer	NOUN
cjfa-41512	382	10	goods	good	NOUN
cjfa-41512	382	11	manufacturing	manufacturing	NOUN
cjfa-41512	382	12	firms	firm	NOUN
cjfa-41512	382	13	in	in	ADP
cjfa-41512	382	14	nigeria	nigeria	PROPN
cjfa-41512	382	15	.	.	PUNCT
cjfa-41512	383	1	science	science	PROPN
cjfa-41512	383	2	journal	journal	PROPN
cjfa-41512	383	3	of	of	ADP
cjfa-41512	383	4	business	business	NOUN
cjfa-41512	383	5	and	and	CCONJ
cjfa-41512	383	6	management	management	NOUN
cjfa-41512	383	7	,	,	PUNCT
cjfa-41512	383	8	8(1	8(1	NOUN
cjfa-41512	383	9	)	)	PUNCT
cjfa-41512	383	10	,	,	PUNCT
cjfa-41512	383	11	7–15	7–15	PROPN
cjfa-41512	383	12	.	.	PUNCT
cjfa-41512	384	1	http://dx.doi.org/10.11648/j	http://dx.doi.org/10.11648/j	PROPN
cjfa-41512	384	2	.	.	PROPN
cjfa-41512	384	3	sjbm.20200801.12	sjbm.20200801.12	PROPN
cjfa-41512	384	4	.	.	PUNCT
cjfa-41512	385	1	ugwu	ugwu	PROPN
cjfa-41512	385	2	,	,	PUNCT
cjfa-41512	385	3	c.c	c.c	PROPN
cjfa-41512	385	4	.	.	PROPN
cjfa-41512	385	5	,	,	PUNCT
cjfa-41512	385	6	onyeka	onyeka	PROPN
cjfa-41512	385	7	,	,	PUNCT
cjfa-41512	385	8	v.n	v.n	PROPN
cjfa-41512	385	9	.	.	PROPN
cjfa-41512	385	10	,	,	PUNCT
cjfa-41512	385	11	&	&	CCONJ
cjfa-41512	385	12	okwa	okwa	PROPN
cjfa-41512	385	13	,	,	PUNCT
cjfa-41512	385	14	i.e.	i.e.	X
cjfa-41512	385	15	(	(	PUNCT
cjfa-41512	385	16	2020	2020	NUM
cjfa-41512	385	17	)	)	PUNCT
cjfa-41512	385	18	,	,	PUNCT
cjfa-41512	385	19	dividend	dividend	NOUN
cjfa-41512	385	20	policy	policy	NOUN
cjfa-41512	385	21	and	and	CCONJ
cjfa-41512	385	22	corporate	corporate	ADJ
cjfa-41512	385	23	financial	financial	ADJ
cjfa-41512	385	24	performance	performance	NOUN
cjfa-41512	385	25	:	:	PUNCT
cjfa-41512	385	26	evidence	evidence	NOUN
cjfa-41512	385	27	from	from	ADP
cjfa-41512	385	28	selected	select	VERB
cjfa-41512	385	29	listed	list	VERB
cjfa-41512	385	30	consumer	consumer	NOUN
cjfa-41512	385	31	goods	good	NOUN
cjfa-41512	385	32	firms	firm	NOUN
cjfa-41512	385	33	in	in	ADP
cjfa-41512	385	34	nigeria	nigeria	PROPN
cjfa-41512	385	35	.	.	PUNCT
cjfa-41512	386	1	journal	journal	PROPN
cjfa-41512	386	2	of	of	ADP
cjfa-41512	386	3	economics	economic	NOUN
cjfa-41512	386	4	and	and	CCONJ
cjfa-41512	386	5	business	business	NOUN
cjfa-41512	386	6	,	,	PUNCT
cjfa-41512	386	7	3(3	3(3	NUM
cjfa-41512	386	8	)	)	PUNCT
cjfa-41512	386	9	,	,	PUNCT
cjfa-41512	386	10	1055–1065	1055–1065	NUM
cjfa-41512	386	11	.	.	PUNCT
cjfa-41512	387	1	usman	usman	PROPN
cjfa-41512	387	2	,	,	PUNCT
cjfa-41512	387	3	b.	b.	PROPN
cjfa-41512	387	4	,	,	PUNCT
cjfa-41512	387	5	lestari	lestari	PROPN
cjfa-41512	387	6	,	,	PUNCT
cjfa-41512	387	7	h.s	h.s	PROPN
cjfa-41512	387	8	.	.	PROPN
cjfa-41512	387	9	,	,	PUNCT
cjfa-41512	387	10	&	&	CCONJ
cjfa-41512	387	11	sofyan	sofyan	PROPN
cjfa-41512	387	12	,	,	PUNCT
cjfa-41512	387	13	s.	s.	PROPN
cjfa-41512	387	14	(	(	PUNCT
cjfa-41512	387	15	2021	2021	NUM
cjfa-41512	387	16	)	)	PUNCT
cjfa-41512	387	17	.	.	PUNCT
cjfa-41512	388	1	the	the	DET
cjfa-41512	388	2	effect	effect	NOUN
cjfa-41512	388	3	of	of	ADP
cjfa-41512	388	4	dividend	dividend	NOUN
cjfa-41512	388	5	policy	policy	NOUN
cjfa-41512	388	6	on	on	ADP
cjfa-41512	388	7	share	share	NOUN
cjfa-41512	388	8	price	price	NOUN
cjfa-41512	388	9	manufacturing	manufacturing	NOUN
cjfa-41512	388	10	companies	company	NOUN
cjfa-41512	388	11	in	in	ADP
cjfa-41512	388	12	indonesia	indonesia	PROPN
cjfa-41512	388	13	.	.	PUNCT
cjfa-41512	389	1	advances	advance	NOUN
cjfa-41512	389	2	in	in	ADP
cjfa-41512	389	3	economics	economic	NOUN
cjfa-41512	389	4	,	,	PUNCT
cjfa-41512	389	5	business	business	NOUN
cjfa-41512	389	6	and	and	CCONJ
cjfa-41512	389	7	management	management	NOUN
cjfa-41512	389	8	research	research	NOUN
cjfa-41512	389	9	,	,	PUNCT
cjfa-41512	389	10	169	169	NUM
cjfa-41512	389	11	,	,	PUNCT
cjfa-41512	389	12	117–122	117–122	NUM
cjfa-41512	389	13	.	.	PUNCT
cjfa-41512	390	1	usman	usman	PROPN
cjfa-41512	390	2	,	,	PUNCT
cjfa-41512	390	3	o.a	o.a	PROPN
cjfa-41512	390	4	.	.	PROPN
cjfa-41512	390	5	,	,	PUNCT
cjfa-41512	390	6	&	&	CCONJ
cjfa-41512	390	7	olorunnisola	olorunnisola	PROPN
cjfa-41512	390	8	,	,	PUNCT
cjfa-41512	390	9	a.o	a.o	PROPN
cjfa-41512	390	10	.	.	PROPN
cjfa-41512	390	11	(	(	PUNCT
cjfa-41512	390	12	2019	2019	NUM
cjfa-41512	390	13	)	)	PUNCT
cjfa-41512	390	14	.	.	PUNCT
cjfa-41512	391	1	effects	effect	NOUN
cjfa-41512	391	2	of	of	ADP
cjfa-41512	391	3	dividend	dividend	NOUN
cjfa-41512	391	4	policy	policy	NOUN
cjfa-41512	391	5	on	on	ADP
cjfa-41512	391	6	corporate	corporate	ADJ
cjfa-41512	391	7	performance	performance	NOUN
cjfa-41512	391	8	of	of	ADP
cjfa-41512	391	9	deposit	deposit	NOUN
cjfa-41512	391	10	money	money	NOUN
cjfa-41512	391	11	banks	bank	NOUN
cjfa-41512	391	12	in	in	ADP
cjfa-41512	391	13	nigeria	nigeria	PROPN
cjfa-41512	391	14	.	.	PUNCT
cjfa-41512	392	1	international	international	ADJ
cjfa-41512	392	2	journal	journal	PROPN
cjfa-41512	392	3	of	of	ADP
cjfa-41512	392	4	research	research	NOUN
cjfa-41512	392	5	and	and	CCONJ
cjfa-41512	392	6	scientific	scientific	ADJ
cjfa-41512	392	7	innovation	innovation	NOUN
cjfa-41512	392	8	,	,	PUNCT
cjfa-41512	392	9	6(6	6(6	ADJ
cjfa-41512	392	10	)	)	PUNCT
cjfa-41512	392	11	,	,	PUNCT
cjfa-41512	392	12	190–194	190–194	NUM
cjfa-41512	392	13	.	.	PUNCT