id	sid	tid	token	lemma	pos
cjfa-48749	1	1	date	date	NOUN
cjfa-48749	1	2	of	of	ADP
cjfa-48749	1	3	submission	submission	NOUN
cjfa-48749	1	4	:	:	PUNCT
cjfa-48749	1	5	march	march	PROPN
cjfa-48749	1	6	6	6	NUM
cjfa-48749	1	7	,	,	PUNCT
cjfa-48749	1	8	2023	2023	NUM
cjfa-48749	1	9	;	;	PUNCT
cjfa-48749	1	10	date	date	NOUN
cjfa-48749	1	11	of	of	ADP
cjfa-48749	1	12	acceptance	acceptance	NOUN
cjfa-48749	1	13	:	:	PUNCT
cjfa-48749	1	14	august	august	PROPN
cjfa-48749	1	15	23	23	NUM
cjfa-48749	1	16	,	,	PUNCT
cjfa-48749	1	17	2023	2023	NUM
cjfa-48749	1	18	.	.	PUNCT
cjfa-48749	2	1	*	*	PUNCT
cjfa-48749	2	2	contact	contact	NOUN
cjfa-48749	2	3	information	information	NOUN
cjfa-48749	2	4	:	:	PUNCT
cjfa-48749	3	1	karina.harjanto@umn.ac.id	karina.harjanto@umn.ac.id	PROPN
cjfa-48749	3	2	,	,	PUNCT
cjfa-48749	3	3	umn	umn	PROPN
cjfa-48749	3	4	campus	campus	PROPN
cjfa-48749	3	5	,	,	PUNCT
cjfa-48749	3	6	scientia	scientia	PROPN
cjfa-48749	3	7	boulevard	boulevard	PROPN
cjfa-48749	3	8	,	,	PUNCT
cjfa-48749	3	9	banten	banten	PROPN
cjfa-48749	3	10	,	,	PUNCT
cjfa-48749	3	11	indonesia	indonesia	PROPN
cjfa-48749	3	12	,	,	PUNCT
cjfa-48749	3	13	phone	phone	NOUN
cjfa-48749	3	14	:	:	PUNCT
cjfa-48749	3	15	+62	+62	PROPN
cjfa-48749	3	16	831	831	NUM
cjfa-48749	3	17	1704	1704	NUM
cjfa-48749	3	18	9115	9115	NUM
cjfa-48749	3	19	;	;	PUNCT
cjfa-48749	3	20	orcid	orcid	PROPN
cjfa-48749	4	1	i	i	NOUN
cjfa-48749	4	2	d	d	NOUN
cjfa-48749	4	3	:	:	PUNCT
cjfa-48749	5	1	https://orcid.org/00000001-5595-5486	https://orcid.org/00000001-5595-5486	ADJ
cjfa-48749	5	2	.	.	PROPN
cjfa-48749	5	3	copernican	copernican	PROPN
cjfa-48749	5	4	journal	journal	PROPN
cjfa-48749	5	5	of	of	ADP
cjfa-48749	5	6	finance	finance	PROPN
cjfa-48749	5	7	&	&	CCONJ
cjfa-48749	5	8	accounting	accounting	PROPN
cjfa-48749	5	9	e	e	PROPN
cjfa-48749	5	10	-	-	PROPN
cjfa-48749	5	11	issn	issn	PROPN
cjfa-48749	5	12	2300	2300	NUM
cjfa-48749	5	13	-	-	SYM
cjfa-48749	5	14	3065	3065	NUM
cjfa-48749	5	15	p	p	PROPN
cjfa-48749	5	16	-	-	PUNCT
cjfa-48749	5	17	issn	issn	PROPN
cjfa-48749	5	18	2300	2300	NUM
cjfa-48749	5	19	-	-	SYM
cjfa-48749	5	20	12402023	12402023	NUM
cjfa-48749	5	21	,	,	PUNCT
cjfa-48749	5	22	volume	volume	NOUN
cjfa-48749	5	23	12	12	NUM
cjfa-48749	5	24	,	,	PUNCT
cjfa-48749	5	25	issue	issue	NOUN
cjfa-48749	5	26	3	3	NUM
cjfa-48749	5	27	harjanto	harjanto	PROPN
cjfa-48749	5	28	,	,	PUNCT
cjfa-48749	5	29	k.	k.	PROPN
cjfa-48749	5	30	(	(	PUNCT
cjfa-48749	5	31	2023	2023	NUM
cjfa-48749	5	32	)	)	PUNCT
cjfa-48749	5	33	.	.	PUNCT
cjfa-48749	6	1	the	the	DET
cjfa-48749	6	2	analysis	analysis	NOUN
cjfa-48749	6	3	of	of	ADP
cjfa-48749	6	4	financial	financial	ADJ
cjfa-48749	6	5	reporting	reporting	NOUN
cjfa-48749	6	6	quality	quality	NOUN
cjfa-48749	6	7	and	and	CCONJ
cjfa-48749	6	8	firm	firm	ADJ
cjfa-48749	6	9	value	value	NOUN
cjfa-48749	6	10	.	.	PUNCT
cjfa-48749	7	1	copernican	copernican	PROPN
cjfa-48749	7	2	journal	journal	PROPN
cjfa-48749	7	3	of	of	ADP
cjfa-48749	7	4	finance	finance	PROPN
cjfa-48749	7	5	&	&	CCONJ
cjfa-48749	7	6	accounting	accounting	NOUN
cjfa-48749	7	7	,	,	PUNCT
cjfa-48749	7	8	12(3	12(3	NUM
cjfa-48749	7	9	)	)	PUNCT
cjfa-48749	7	10	,	,	PUNCT
cjfa-48749	7	11	27–41	27–41	NUM
cjfa-48749	7	12	.	.	PUNCT
cjfa-48749	7	13	http://dx.doi.org/10.12775/cjfa.2023.014	http://dx.doi.org/10.12775/cjfa.2023.014	PROPN
cjfa-48749	8	1	karina	karina	PROPN
cjfa-48749	8	2	harjanto	harjanto	PROPN
cjfa-48749	8	3	*	*	PROPN
cjfa-48749	8	4	universitas	universita	NOUN
cjfa-48749	8	5	multimedia	multimedia	NOUN
cjfa-48749	8	6	nusantara	nusantara	VERB
cjfa-48749	8	7	the	the	DET
cjfa-48749	8	8	analysis	analysis	NOUN
cjfa-48749	8	9	of	of	ADP
cjfa-48749	8	10	financial	financial	ADJ
cjfa-48749	8	11	reporting	reporting	NOUN
cjfa-48749	8	12	quality	quality	NOUN
cjfa-48749	8	13	and	and	CCONJ
cjfa-48749	8	14	firm	firm	ADJ
cjfa-48749	8	15	value	value	NOUN
cjfa-48749	8	16	keywords	keyword	NOUN
cjfa-48749	8	17	:	:	PUNCT
cjfa-48749	8	18	accrual	accrual	ADJ
cjfa-48749	8	19	quality	quality	NOUN
cjfa-48749	8	20	,	,	PUNCT
cjfa-48749	8	21	earnings	earning	NOUN
cjfa-48749	8	22	management	management	NOUN
cjfa-48749	8	23	,	,	PUNCT
cjfa-48749	8	24	financial	financial	ADJ
cjfa-48749	8	25	reporting	reporting	NOUN
cjfa-48749	8	26	quality	quality	NOUN
cjfa-48749	8	27	,	,	PUNCT
cjfa-48749	8	28	firm	firm	ADJ
cjfa-48749	8	29	value	value	NOUN
cjfa-48749	8	30	.	.	PUNCT
cjfa-48749	9	1	j	j	PROPN
cjfa-48749	9	2	e	e	PROPN
cjfa-48749	9	3	l	l	PROPN
cjfa-48749	9	4	classification	classification	NOUN
cjfa-48749	9	5	:	:	PUNCT
cjfa-48749	9	6	m41	m41	NOUN
cjfa-48749	9	7	.	.	PUNCT
cjfa-48749	10	1	abstract	abstract	PROPN
cjfa-48749	10	2	:	:	PUNCT
cjfa-48749	10	3	the	the	DET
cjfa-48749	10	4	objective	objective	NOUN
cjfa-48749	10	5	of	of	ADP
cjfa-48749	10	6	this	this	DET
cjfa-48749	10	7	research	research	NOUN
cjfa-48749	10	8	is	be	AUX
cjfa-48749	10	9	to	to	PART
cjfa-48749	10	10	obtain	obtain	VERB
cjfa-48749	10	11	empirical	empirical	ADJ
cjfa-48749	10	12	evidence	evidence	NOUN
cjfa-48749	10	13	about	about	ADP
cjfa-48749	10	14	the	the	DET
cjfa-48749	10	15	effect	effect	NOUN
cjfa-48749	10	16	of	of	ADP
cjfa-48749	10	17	financial	financial	ADJ
cjfa-48749	10	18	reporting	reporting	NOUN
cjfa-48749	10	19	quality	quality	NOUN
cjfa-48749	10	20	on	on	ADP
cjfa-48749	10	21	firm	firm	ADJ
cjfa-48749	10	22	value	value	NOUN
cjfa-48749	10	23	.	.	PUNCT
cjfa-48749	11	1	financial	financial	ADJ
cjfa-48749	11	2	reporting	reporting	NOUN
cjfa-48749	11	3	quality	quality	NOUN
cjfa-48749	11	4	is	be	AUX
cjfa-48749	11	5	measured	measure	VERB
cjfa-48749	11	6	using	use	VERB
cjfa-48749	11	7	two	two	NUM
cjfa-48749	11	8	proxies	proxy	NOUN
cjfa-48749	11	9	,	,	PUNCT
cjfa-48749	11	10	accrual	accrual	ADJ
cjfa-48749	11	11	quality	quality	NOUN
cjfa-48749	11	12	through	through	ADP
cjfa-48749	11	13	ball	ball	NOUN
cjfa-48749	11	14	-	-	PUNCT
cjfa-48749	11	15	shivakumar	shivakumar	PROPN
cjfa-48749	11	16	model	model	NOUN
cjfa-48749	11	17	(	(	PUNCT
cjfa-48749	11	18	aq	aq	NOUN
cjfa-48749	11	19	)	)	PUNCT
cjfa-48749	11	20	and	and	CCONJ
cjfa-48749	11	21	earnings	earning	NOUN
cjfa-48749	11	22	management	management	NOUN
cjfa-48749	11	23	through	through	ADP
cjfa-48749	11	24	modified	modify	VERB
cjfa-48749	11	25	jones	jones	PROPN
cjfa-48749	11	26	model	model	PROPN
cjfa-48749	11	27	(	(	PUNCT
cjfa-48749	11	28	em	em	NOUN
cjfa-48749	11	29	)	)	PUNCT
cjfa-48749	11	30	.	.	PUNCT
cjfa-48749	12	1	firm	firm	ADJ
cjfa-48749	12	2	value	value	NOUN
cjfa-48749	12	3	is	be	AUX
cjfa-48749	12	4	measured	measure	VERB
cjfa-48749	12	5	using	use	VERB
cjfa-48749	12	6	share	share	NOUN
cjfa-48749	12	7	price	price	NOUN
cjfa-48749	12	8	,	,	PUNCT
cjfa-48749	12	9	price	price	NOUN
cjfa-48749	12	10	to	to	ADP
cjfa-48749	12	11	book	book	NOUN
cjfa-48749	12	12	value	value	NOUN
cjfa-48749	12	13	,	,	PUNCT
cjfa-48749	12	14	tobin	tobin	PROPN
cjfa-48749	12	15	’s	’s	PART
cjfa-48749	12	16	q	q	NOUN
cjfa-48749	12	17	,	,	PUNCT
cjfa-48749	12	18	and	and	CCONJ
cjfa-48749	12	19	market	market	NOUN
cjfa-48749	12	20	value	value	NOUN
cjfa-48749	12	21	-	-	PUNCT
cjfa-48749	12	22	added	add	VERB
cjfa-48749	12	23	.	.	PUNCT
cjfa-48749	13	1	control	control	NOUN
cjfa-48749	13	2	variables	variable	NOUN
cjfa-48749	13	3	used	use	VERB
cjfa-48749	13	4	are	be	AUX
cjfa-48749	13	5	leverage	leverage	NOUN
cjfa-48749	13	6	(	(	PUNCT
cjfa-48749	13	7	debt	debt	NOUN
cjfa-48749	13	8	to	to	ADP
cjfa-48749	13	9	equity	equity	NOUN
cjfa-48749	13	10	ratio	ratio	NOUN
cjfa-48749	13	11	)	)	PUNCT
cjfa-48749	13	12	,	,	PUNCT
cjfa-48749	13	13	profitability	profitability	NOUN
cjfa-48749	13	14	(	(	PUNCT
cjfa-48749	13	15	return	return	VERB
cjfa-48749	13	16	on	on	ADP
cjfa-48749	13	17	asset	asset	NOUN
cjfa-48749	13	18	)	)	PUNCT
cjfa-48749	13	19	,	,	PUNCT
cjfa-48749	13	20	and	and	CCONJ
cjfa-48749	13	21	firm	firm	ADJ
cjfa-48749	13	22	size	size	NOUN
cjfa-48749	13	23	(	(	PUNCT
cjfa-48749	13	24	ln	ln	ADJ
cjfa-48749	13	25	total	total	ADJ
cjfa-48749	13	26	assets	asset	NOUN
cjfa-48749	13	27	)	)	PUNCT
cjfa-48749	13	28	.	.	PUNCT
cjfa-48749	14	1	this	this	DET
cjfa-48749	14	2	study	study	NOUN
cjfa-48749	14	3	focuses	focus	VERB
cjfa-48749	14	4	on	on	ADP
cjfa-48749	14	5	manufacturing	manufacturing	NOUN
cjfa-48749	14	6	businesses	business	NOUN
cjfa-48749	14	7	that	that	PRON
cjfa-48749	14	8	were	be	AUX
cjfa-48749	14	9	listed	list	VERB
cjfa-48749	14	10	on	on	ADP
cjfa-48749	14	11	the	the	DET
cjfa-48749	14	12	indonesia	indonesia	PROPN
cjfa-48749	14	13	stock	stock	PROPN
cjfa-48749	14	14	exchange	exchange	PROPN
cjfa-48749	14	15	during	during	ADP
cjfa-48749	14	16	the	the	DET
cjfa-48749	14	17	years	year	NOUN
cjfa-48749	14	18	2018	2018	NUM
cjfa-48749	14	19	and	and	CCONJ
cjfa-48749	14	20	2021	2021	NUM
cjfa-48749	14	21	.	.	PUNCT
cjfa-48749	15	1	the	the	DET
cjfa-48749	15	2	sample	sample	NOUN
cjfa-48749	15	3	was	be	AUX
cjfa-48749	15	4	chosen	choose	VERB
cjfa-48749	15	5	through	through	ADP
cjfa-48749	15	6	a	a	DET
cjfa-48749	15	7	purposive	purposive	ADJ
cjfa-48749	15	8	sampling	sampling	NOUN
cjfa-48749	15	9	technique	technique	NOUN
cjfa-48749	15	10	,	,	PUNCT
cjfa-48749	15	11	specifically	specifically	ADV
cjfa-48749	15	12	targeting	target	VERB
cjfa-48749	15	13	companies	company	NOUN
cjfa-48749	15	14	listed	list	VERB
cjfa-48749	15	15	on	on	ADP
cjfa-48749	15	16	the	the	DET
cjfa-48749	15	17	indonesia	indonesia	PROPN
cjfa-48749	15	18	stock	stock	PROPN
cjfa-48749	15	19	exchange	exchange	PROPN
cjfa-48749	15	20	that	that	PRON
cjfa-48749	15	21	operate	operate	VERB
cjfa-48749	15	22	in	in	ADP
cjfa-48749	15	23	the	the	DET
cjfa-48749	15	24	manufacturing	manufacturing	NOUN
cjfa-48749	15	25	sector	sector	NOUN
cjfa-48749	15	26	and	and	CCONJ
cjfa-48749	15	27	provide	provide	VERB
cjfa-48749	15	28	audited	audit	VERB
cjfa-48749	15	29	financial	financial	ADJ
cjfa-48749	15	30	statements	statement	NOUN
cjfa-48749	15	31	.	.	PUNCT
cjfa-48749	16	1	analyzed	analyze	VERB
cjfa-48749	16	2	the	the	DET
cjfa-48749	16	3	secondary	secondary	ADJ
cjfa-48749	16	4	data	datum	NOUN
cjfa-48749	16	5	utilizing	utilize	VERB
cjfa-48749	16	6	descriptive	descriptive	ADJ
cjfa-48749	16	7	statistics	statistic	NOUN
cjfa-48749	16	8	,	,	PUNCT
cjfa-48749	16	9	normality	normality	NOUN
cjfa-48749	16	10	test	test	NOUN
cjfa-48749	16	11	,	,	PUNCT
cjfa-48749	16	12	classical	classical	ADJ
cjfa-48749	16	13	assumption	assumption	NOUN
cjfa-48749	16	14	tests	test	NOUN
cjfa-48749	16	15	,	,	PUNCT
cjfa-48749	16	16	and	and	CCONJ
cjfa-48749	16	17	hypothesis	hypothesis	NOUN
cjfa-48749	16	18	testing	testing	NOUN
cjfa-48749	16	19	.	.	PUNCT
cjfa-48749	17	1	the	the	DET
cjfa-48749	17	2	findings	finding	NOUN
cjfa-48749	17	3	of	of	ADP
cjfa-48749	17	4	this	this	DET
cjfa-48749	17	5	investigation	investigation	NOUN
cjfa-48749	17	6	are	be	AUX
cjfa-48749	17	7	(	(	PUNCT
cjfa-48749	17	8	1	1	X
cjfa-48749	17	9	)	)	PUNCT
cjfa-48749	17	10	aq	aq	X
cjfa-48749	17	11	has	have	VERB
cjfa-48749	17	12	no	no	DET
cjfa-48749	17	13	effect	effect	NOUN
cjfa-48749	17	14	on	on	ADP
cjfa-48749	17	15	share	share	NOUN
cjfa-48749	17	16	price	price	NOUN
cjfa-48749	17	17	,	,	PUNCT
cjfa-48749	17	18	pbv	pbv	VERB
cjfa-48749	17	19	,	,	PUNCT
cjfa-48749	17	20	tobin	tobin	PROPN
cjfa-48749	17	21	’s	’s	PART
cjfa-48749	17	22	q	q	NOUN
cjfa-48749	17	23	and	and	CCONJ
cjfa-48749	17	24	mva	mva	NOUN
cjfa-48749	17	25	(	(	PUNCT
cjfa-48749	17	26	2	2	X
cjfa-48749	17	27	)	)	PUNCT
cjfa-48749	17	28	em	em	PRON
cjfa-48749	17	29	has	have	VERB
cjfa-48749	17	30	positive	positive	ADJ
cjfa-48749	17	31	and	and	CCONJ
cjfa-48749	17	32	significant	significant	ADJ
cjfa-48749	17	33	effect	effect	NOUN
cjfa-48749	17	34	on	on	ADP
cjfa-48749	17	35	all	all	DET
cjfa-48749	17	36	proxies	proxy	NOUN
cjfa-48749	17	37	of	of	ADP
cjfa-48749	17	38	firm	firm	ADJ
cjfa-48749	17	39	value	value	NOUN
cjfa-48749	17	40	,	,	PUNCT
cjfa-48749	17	41	except	except	SCONJ
cjfa-48749	17	42	mva	mva	NOUN
cjfa-48749	17	43	.	.	PUNCT
cjfa-48749	18	1	the	the	DET
cjfa-48749	18	2	quality	quality	NOUN
cjfa-48749	18	3	of	of	ADP
cjfa-48749	18	4	financial	financial	ADJ
cjfa-48749	18	5	reporting	reporting	NOUN
cjfa-48749	18	6	,	,	PUNCT
cjfa-48749	18	7	the	the	DET
cjfa-48749	18	8	level	level	NOUN
cjfa-48749	18	9	of	of	ADP
cjfa-48749	18	10	leverage	leverage	NOUN
cjfa-48749	18	11	,	,	PUNCT
cjfa-48749	18	12	the	the	DET
cjfa-48749	18	13	size	size	NOUN
cjfa-48749	18	14	of	of	ADP
cjfa-48749	18	15	the	the	DET
cjfa-48749	18	16	firm	firm	NOUN
cjfa-48749	18	17	,	,	PUNCT
cjfa-48749	18	18	and	and	CCONJ
cjfa-48749	18	19	its	its	PRON
cjfa-48749	18	20	profitability	profitability	NOUN
cjfa-48749	18	21	all	all	PRON
cjfa-48749	18	22	have	have	VERB
cjfa-48749	18	23	a	a	DET
cjfa-48749	18	24	simultaneous	simultaneous	ADJ
cjfa-48749	18	25	and	and	CCONJ
cjfa-48749	18	26	considerable	considerable	ADJ
cjfa-48749	18	27	impact	impact	NOUN
cjfa-48749	18	28	on	on	ADP
cjfa-48749	18	29	the	the	DET
cjfa-48749	18	30	value	value	NOUN
cjfa-48749	18	31	of	of	ADP
cjfa-48749	18	32	the	the	DET
cjfa-48749	18	33	firm	firm	NOUN
cjfa-48749	18	34	.	.	PUNCT
cjfa-48749	19	1	karina	karina	PROPN
cjfa-48749	19	2	harjanto2828	harjanto2828	PROPN
cjfa-48749	19	3	 	 	SPACE
cjfa-48749	19	4	introduction	introduction	NOUN
cjfa-48749	19	5	 	 	SPACE
cjfa-48749	19	6	introduction	introduction	NOUN
cjfa-48749	19	7	the	the	DET
cjfa-48749	19	8	manufacturing	manufacturing	NOUN
cjfa-48749	19	9	industry	industry	NOUN
cjfa-48749	19	10	is	be	AUX
cjfa-48749	19	11	an	an	DET
cjfa-48749	19	12	industry	industry	NOUN
cjfa-48749	19	13	that	that	PRON
cjfa-48749	19	14	plays	play	VERB
cjfa-48749	19	15	a	a	DET
cjfa-48749	19	16	major	major	ADJ
cjfa-48749	19	17	role	role	NOUN
cjfa-48749	19	18	in	in	ADP
cjfa-48749	19	19	the	the	DET
cjfa-48749	19	20	indonesian	indonesian	ADJ
cjfa-48749	19	21	economy	economy	NOUN
cjfa-48749	19	22	.	.	PUNCT
cjfa-48749	20	1	this	this	PRON
cjfa-48749	20	2	can	can	AUX
cjfa-48749	20	3	be	be	AUX
cjfa-48749	20	4	seen	see	VERB
cjfa-48749	20	5	from	from	ADP
cjfa-48749	20	6	the	the	DET
cjfa-48749	20	7	data	datum	NOUN
cjfa-48749	20	8	on	on	ADP
cjfa-48749	20	9	the	the	DET
cjfa-48749	20	10	large	large	ADJ
cjfa-48749	20	11	contribution	contribution	NOUN
cjfa-48749	20	12	of	of	ADP
cjfa-48749	20	13	the	the	DET
cjfa-48749	20	14	manufacturing	manufacturing	NOUN
cjfa-48749	20	15	sector	sector	NOUN
cjfa-48749	20	16	to	to	ADP
cjfa-48749	20	17	gross	gross	ADJ
cjfa-48749	20	18	domestic	domestic	ADJ
cjfa-48749	20	19	product	product	NOUN
cjfa-48749	20	20	according	accord	VERB
cjfa-48749	20	21	to	to	ADP
cjfa-48749	20	22	the	the	DET
cjfa-48749	20	23	central	central	ADJ
cjfa-48749	20	24	statistics	statistics	PROPN
cjfa-48749	20	25	agency	agency	NOUN
cjfa-48749	20	26	during	during	ADP
cjfa-48749	20	27	the	the	DET
cjfa-48749	20	28	2018	2018	NUM
cjfa-48749	20	29	-	-	SYM
cjfa-48749	20	30	2021	2021	NUM
cjfa-48749	20	31	period	period	NOUN
cjfa-48749	20	32	which	which	PRON
cjfa-48749	20	33	always	always	ADV
cjfa-48749	20	34	occupies	occupy	VERB
cjfa-48749	20	35	the	the	DET
cjfa-48749	20	36	first	first	ADJ
cjfa-48749	20	37	position	position	NOUN
cjfa-48749	20	38	,	,	PUNCT
cjfa-48749	20	39	with	with	ADP
cjfa-48749	20	40	an	an	DET
cjfa-48749	20	41	average	average	ADJ
cjfa-48749	20	42	contribution	contribution	NOUN
cjfa-48749	20	43	of	of	ADP
cjfa-48749	20	44	19	19	NUM
cjfa-48749	20	45	%	%	NOUN
cjfa-48749	20	46	to	to	ADP
cjfa-48749	20	47	gdp	gdp	PROPN
cjfa-48749	20	48	.	.	PUNCT
cjfa-48749	21	1	manufacturing	manufacture	VERB
cjfa-48749	21	2	companies	company	NOUN
cjfa-48749	21	3	listed	list	VERB
cjfa-48749	21	4	on	on	ADP
cjfa-48749	21	5	the	the	DET
cjfa-48749	21	6	indonesia	indonesia	PROPN
cjfa-48749	21	7	stock	stock	PROPN
cjfa-48749	21	8	exchange	exchange	PROPN
cjfa-48749	21	9	are	be	AUX
cjfa-48749	21	10	required	require	VERB
cjfa-48749	21	11	to	to	PART
cjfa-48749	21	12	submit	submit	VERB
cjfa-48749	21	13	audited	audit	VERB
cjfa-48749	21	14	financial	financial	ADJ
cjfa-48749	21	15	statements	statement	NOUN
cjfa-48749	21	16	no	no	ADV
cjfa-48749	21	17	later	later	ADV
cjfa-48749	21	18	than	than	ADP
cjfa-48749	21	19	the	the	DET
cjfa-48749	21	20	end	end	NOUN
cjfa-48749	21	21	of	of	ADP
cjfa-48749	21	22	the	the	DET
cjfa-48749	21	23	third	third	ADJ
cjfa-48749	21	24	month	month	NOUN
cjfa-48749	21	25	after	after	ADP
cjfa-48749	21	26	closing	close	VERB
cjfa-48749	21	27	the	the	DET
cjfa-48749	21	28	books	book	NOUN
cjfa-48749	21	29	.	.	PUNCT
cjfa-48749	22	1	with	with	ADP
cjfa-48749	22	2	the	the	DET
cjfa-48749	22	3	financial	financial	ADJ
cjfa-48749	22	4	statements	statement	NOUN
cjfa-48749	22	5	,	,	PUNCT
cjfa-48749	22	6	interested	interested	ADJ
cjfa-48749	22	7	parties	party	NOUN
cjfa-48749	22	8	such	such	ADJ
cjfa-48749	22	9	as	as	ADP
cjfa-48749	22	10	investors	investor	NOUN
cjfa-48749	22	11	and	and	CCONJ
cjfa-48749	22	12	creditors	creditor	NOUN
cjfa-48749	22	13	can	can	AUX
cjfa-48749	22	14	use	use	VERB
cjfa-48749	22	15	them	they	PRON
cjfa-48749	22	16	as	as	ADP
cjfa-48749	22	17	consideration	consideration	NOUN
cjfa-48749	22	18	for	for	ADP
cjfa-48749	22	19	making	make	VERB
cjfa-48749	22	20	decisions	decision	NOUN
cjfa-48749	22	21	.	.	PUNCT
cjfa-48749	23	1	in	in	ADP
cjfa-48749	23	2	preparing	prepare	VERB
cjfa-48749	23	3	financial	financial	ADJ
cjfa-48749	23	4	statements	statement	NOUN
cjfa-48749	23	5	,	,	PUNCT
cjfa-48749	23	6	issuers	issuer	NOUN
cjfa-48749	23	7	are	be	AUX
cjfa-48749	23	8	required	require	VERB
cjfa-48749	23	9	to	to	PART
cjfa-48749	23	10	comply	comply	VERB
cjfa-48749	23	11	with	with	ADP
cjfa-48749	23	12	the	the	DET
cjfa-48749	23	13	statement	statement	NOUN
cjfa-48749	23	14	of	of	ADP
cjfa-48749	23	15	financial	financial	ADJ
cjfa-48749	23	16	accounting	accounting	NOUN
cjfa-48749	23	17	standards	standard	NOUN
cjfa-48749	23	18	(	(	PUNCT
cjfa-48749	23	19	psak	psak	NOUN
cjfa-48749	23	20	)	)	PUNCT
cjfa-48749	23	21	prepared	prepare	VERB
cjfa-48749	23	22	by	by	ADP
cjfa-48749	23	23	the	the	DET
cjfa-48749	23	24	indonesian	indonesian	PROPN
cjfa-48749	23	25	institute	institute	PROPN
cjfa-48749	23	26	of	of	ADP
cjfa-48749	23	27	accountants	accountant	NOUN
cjfa-48749	23	28	(	(	PUNCT
cjfa-48749	23	29	iai	iai	NOUN
cjfa-48749	23	30	)	)	PUNCT
cjfa-48749	23	31	.	.	PUNCT
cjfa-48749	24	1	since	since	SCONJ
cjfa-48749	24	2	2012	2012	NUM
cjfa-48749	24	3	,	,	PUNCT
cjfa-48749	24	4	indonesia	indonesia	PROPN
cjfa-48749	24	5	has	have	AUX
cjfa-48749	24	6	agreed	agree	VERB
cjfa-48749	24	7	to	to	PART
cjfa-48749	24	8	converge	converge	VERB
cjfa-48749	24	9	with	with	ADP
cjfa-48749	24	10	the	the	DET
cjfa-48749	24	11	international	international	ADJ
cjfa-48749	24	12	financial	financial	ADJ
cjfa-48749	24	13	reporting	reporting	NOUN
cjfa-48749	24	14	standard	standard	PROPN
cjfa-48749	24	15	(	(	PUNCT
cjfa-48749	24	16	ifrs	ifrs	PROPN
cjfa-48749	24	17	)	)	PUNCT
cjfa-48749	24	18	,	,	PUNCT
cjfa-48749	24	19	which	which	PRON
cjfa-48749	24	20	means	mean	VERB
cjfa-48749	24	21	the	the	DET
cjfa-48749	24	22	rules	rule	NOUN
cjfa-48749	24	23	in	in	ADP
cjfa-48749	24	24	psak	psak	NOUN
cjfa-48749	24	25	will	will	AUX
cjfa-48749	24	26	be	be	AUX
cjfa-48749	24	27	in	in	ADP
cjfa-48749	24	28	accordance	accordance	NOUN
cjfa-48749	24	29	with	with	ADP
cjfa-48749	24	30	ifrs	ifrs	PROPN
cjfa-48749	24	31	standards	standard	NOUN
cjfa-48749	24	32	.	.	PUNCT
cjfa-48749	25	1	adoption	adoption	NOUN
cjfa-48749	25	2	of	of	ADP
cjfa-48749	25	3	ifrs	ifrs	PROPN
cjfa-48749	25	4	is	be	AUX
cjfa-48749	25	5	significantly	significantly	ADV
cjfa-48749	25	6	associated	associate	VERB
cjfa-48749	25	7	with	with	ADP
cjfa-48749	25	8	an	an	DET
cjfa-48749	25	9	increase	increase	NOUN
cjfa-48749	25	10	in	in	ADP
cjfa-48749	25	11	measured	measured	ADJ
cjfa-48749	25	12	reporting	reporting	NOUN
cjfa-48749	25	13	quality	quality	NOUN
cjfa-48749	25	14	(	(	PUNCT
cjfa-48749	25	15	isidro	isidro	PROPN
cjfa-48749	25	16	,	,	PUNCT
cjfa-48749	25	17	nanada	nanada	PROPN
cjfa-48749	25	18	&	&	CCONJ
cjfa-48749	25	19	wysocki	wysocki	PROPN
cjfa-48749	25	20	,	,	PUNCT
cjfa-48749	25	21	2020	2020	NUM
cjfa-48749	25	22	)	)	PUNCT
cjfa-48749	25	23	.	.	PUNCT
cjfa-48749	26	1	high	high	ADJ
cjfa-48749	26	2	-	-	PUNCT
cjfa-48749	26	3	quality	quality	NOUN
cjfa-48749	26	4	financial	financial	ADJ
cjfa-48749	26	5	reporting	reporting	NOUN
cjfa-48749	26	6	is	be	AUX
cjfa-48749	26	7	crucial	crucial	ADJ
cjfa-48749	26	8	in	in	ADP
cjfa-48749	26	9	user	user	NOUN
cjfa-48749	26	10	’s	’s	PART
cjfa-48749	26	11	decisionmaking	decisionmake	VERB
cjfa-48749	26	12	process	process	NOUN
cjfa-48749	26	13	(	(	PUNCT
cjfa-48749	26	14	herath	herath	PROPN
cjfa-48749	26	15	&	&	CCONJ
cjfa-48749	26	16	albarqi	albarqi	PROPN
cjfa-48749	26	17	,	,	PUNCT
cjfa-48749	26	18	2017	2017	NUM
cjfa-48749	26	19	)	)	PUNCT
cjfa-48749	26	20	.	.	PUNCT
cjfa-48749	27	1	in	in	ADP
cjfa-48749	27	2	the	the	DET
cjfa-48749	27	3	last	last	ADJ
cjfa-48749	27	4	10	10	NUM
cjfa-48749	27	5	years	year	NOUN
cjfa-48749	27	6	,	,	PUNCT
cjfa-48749	27	7	standards	standard	NOUN
cjfa-48749	27	8	for	for	ADP
cjfa-48749	27	9	preparing	prepare	VERB
cjfa-48749	27	10	financial	financial	ADJ
cjfa-48749	27	11	statements	statement	NOUN
cjfa-48749	27	12	in	in	ADP
cjfa-48749	27	13	indonesia	indonesia	PROPN
cjfa-48749	27	14	have	have	AUX
cjfa-48749	27	15	been	be	AUX
cjfa-48749	27	16	continuously	continuously	ADV
cjfa-48749	27	17	updated	update	VERB
cjfa-48749	27	18	,	,	PUNCT
cjfa-48749	27	19	with	with	ADP
cjfa-48749	27	20	the	the	DET
cjfa-48749	27	21	aim	aim	NOUN
cjfa-48749	27	22	of	of	ADP
cjfa-48749	27	23	improving	improve	VERB
cjfa-48749	27	24	the	the	DET
cjfa-48749	27	25	quality	quality	NOUN
cjfa-48749	27	26	of	of	ADP
cjfa-48749	27	27	financial	financial	ADJ
cjfa-48749	27	28	reports	report	NOUN
cjfa-48749	27	29	.	.	PUNCT
cjfa-48749	28	1	ifrs	ifrs	PROPN
cjfa-48749	28	2	convergence	convergence	NOUN
cjfa-48749	28	3	in	in	ADP
cjfa-48749	28	4	indonesia	indonesia	PROPN
cjfa-48749	28	5	often	often	ADV
cjfa-48749	28	6	leads	lead	VERB
cjfa-48749	28	7	to	to	ADP
cjfa-48749	28	8	an	an	DET
cjfa-48749	28	9	increase	increase	NOUN
cjfa-48749	28	10	in	in	ADP
cjfa-48749	28	11	financial	financial	ADJ
cjfa-48749	28	12	reporting	reporting	NOUN
cjfa-48749	28	13	quality	quality	NOUN
cjfa-48749	28	14	,	,	PUNCT
cjfa-48749	28	15	a	a	DET
cjfa-48749	28	16	decrease	decrease	NOUN
cjfa-48749	28	17	in	in	ADP
cjfa-48749	28	18	information	information	NOUN
cjfa-48749	28	19	asymmetry	asymmetry	NOUN
cjfa-48749	28	20	,	,	PUNCT
cjfa-48749	28	21	a	a	DET
cjfa-48749	28	22	sharing	sharing	NOUN
cjfa-48749	28	23	of	of	ADP
cjfa-48749	28	24	risk	risk	NOUN
cjfa-48749	28	25	,	,	PUNCT
cjfa-48749	28	26	and	and	CCONJ
cjfa-48749	28	27	a	a	DET
cjfa-48749	28	28	reduction	reduction	NOUN
cjfa-48749	28	29	in	in	ADP
cjfa-48749	28	30	the	the	DET
cjfa-48749	28	31	cost	cost	NOUN
cjfa-48749	28	32	of	of	ADP
cjfa-48749	28	33	capital	capital	NOUN
cjfa-48749	28	34	(	(	PUNCT
cjfa-48749	28	35	wahyuni	wahyuni	PROPN
cjfa-48749	28	36	,	,	PUNCT
cjfa-48749	28	37	puspitasari	puspitasari	PROPN
cjfa-48749	28	38	&	&	CCONJ
cjfa-48749	28	39	puspitasari	puspitasari	PROPN
cjfa-48749	28	40	,	,	PUNCT
cjfa-48749	28	41	2020	2020	NUM
cjfa-48749	28	42	)	)	PUNCT
cjfa-48749	28	43	.	.	PUNCT
cjfa-48749	29	1	however	however	ADV
cjfa-48749	29	2	,	,	PUNCT
cjfa-48749	29	3	implementing	implement	VERB
cjfa-48749	29	4	international	international	ADJ
cjfa-48749	29	5	accounting	accounting	NOUN
cjfa-48749	29	6	standard	standard	NOUN
cjfa-48749	29	7	is	be	AUX
cjfa-48749	29	8	n’t	not	PART
cjfa-48749	29	9	without	without	ADP
cjfa-48749	29	10	limitations	limitation	NOUN
cjfa-48749	29	11	and	and	CCONJ
cjfa-48749	29	12	challenges	challenge	NOUN
cjfa-48749	29	13	,	,	PUNCT
cjfa-48749	29	14	such	such	ADJ
cjfa-48749	29	15	as	as	ADP
cjfa-48749	29	16	corporate	corporate	ADJ
cjfa-48749	29	17	governance	governance	NOUN
cjfa-48749	29	18	and	and	CCONJ
cjfa-48749	29	19	environmental	environmental	ADJ
cjfa-48749	29	20	concerns	concern	NOUN
cjfa-48749	29	21	,	,	PUNCT
cjfa-48749	29	22	need	need	VERB
cjfa-48749	29	23	for	for	ADP
cjfa-48749	29	24	training	training	NOUN
cjfa-48749	29	25	,	,	PUNCT
cjfa-48749	29	26	and	and	CCONJ
cjfa-48749	29	27	difference	difference	NOUN
cjfa-48749	29	28	with	with	ADP
cjfa-48749	29	29	national	national	ADJ
cjfa-48749	29	30	accounting	accounting	NOUN
cjfa-48749	29	31	standard	standard	PROPN
cjfa-48749	29	32	or	or	CCONJ
cjfa-48749	29	33	other	other	ADJ
cjfa-48749	29	34	law	law	NOUN
cjfa-48749	29	35	and	and	CCONJ
cjfa-48749	29	36	regulation	regulation	NOUN
cjfa-48749	29	37	(	(	PUNCT
cjfa-48749	29	38	uzma	uzma	PROPN
cjfa-48749	29	39	,	,	PUNCT
cjfa-48749	29	40	2016	2016	NUM
cjfa-48749	29	41	)	)	PUNCT
cjfa-48749	29	42	.	.	PUNCT
cjfa-48749	30	1	therefore	therefore	ADV
cjfa-48749	30	2	,	,	PUNCT
cjfa-48749	30	3	this	this	DET
cjfa-48749	30	4	research	research	NOUN
cjfa-48749	30	5	was	be	AUX
cjfa-48749	30	6	carried	carry	VERB
cjfa-48749	30	7	out	out	ADP
cjfa-48749	30	8	to	to	PART
cjfa-48749	30	9	obtain	obtain	VERB
cjfa-48749	30	10	scientific	scientific	ADJ
cjfa-48749	30	11	evidence	evidence	NOUN
cjfa-48749	30	12	about	about	ADP
cjfa-48749	30	13	the	the	DET
cjfa-48749	30	14	benefit	benefit	NOUN
cjfa-48749	30	15	of	of	ADP
cjfa-48749	30	16	the	the	DET
cjfa-48749	30	17	quality	quality	NOUN
cjfa-48749	30	18	of	of	ADP
cjfa-48749	30	19	financial	financial	ADJ
cjfa-48749	30	20	statements	statement	NOUN
cjfa-48749	30	21	for	for	ADP
cjfa-48749	30	22	investors	investor	NOUN
cjfa-48749	30	23	,	,	PUNCT
cjfa-48749	30	24	which	which	PRON
cjfa-48749	30	25	will	will	AUX
cjfa-48749	30	26	be	be	AUX
cjfa-48749	30	27	illustrated	illustrate	VERB
cjfa-48749	30	28	by	by	ADP
cjfa-48749	30	29	the	the	DET
cjfa-48749	30	30	investor	investor	NOUN
cjfa-48749	30	31	’s	’s	PART
cjfa-48749	30	32	assessment	assessment	NOUN
cjfa-48749	30	33	of	of	ADP
cjfa-48749	30	34	the	the	DET
cjfa-48749	30	35	value	value	NOUN
cjfa-48749	30	36	of	of	ADP
cjfa-48749	30	37	the	the	DET
cjfa-48749	30	38	company	company	NOUN
cjfa-48749	30	39	.	.	PUNCT
cjfa-48749	31	1	this	this	DET
cjfa-48749	31	2	research	research	NOUN
cjfa-48749	31	3	will	will	AUX
cjfa-48749	31	4	be	be	AUX
cjfa-48749	31	5	among	among	ADP
cjfa-48749	31	6	the	the	DET
cjfa-48749	31	7	first	first	ADJ
cjfa-48749	31	8	that	that	PRON
cjfa-48749	31	9	specifically	specifically	ADV
cjfa-48749	31	10	examine	examine	VERB
cjfa-48749	31	11	the	the	DET
cjfa-48749	31	12	relationship	relationship	NOUN
cjfa-48749	31	13	between	between	ADP
cjfa-48749	31	14	financial	financial	ADJ
cjfa-48749	31	15	reporting	reporting	NOUN
cjfa-48749	31	16	quality	quality	NOUN
cjfa-48749	31	17	and	and	CCONJ
cjfa-48749	31	18	firm	firm	ADJ
cjfa-48749	31	19	value	value	NOUN
cjfa-48749	31	20	.	.	PUNCT
cjfa-48749	32	1	financial	financial	ADJ
cjfa-48749	32	2	reporting	reporting	NOUN
cjfa-48749	32	3	is	be	AUX
cjfa-48749	32	4	believed	believe	VERB
cjfa-48749	32	5	to	to	PART
cjfa-48749	32	6	narrow	narrow	VERB
cjfa-48749	32	7	information	information	NOUN
cjfa-48749	32	8	asymmetry	asymmetry	NOUN
cjfa-48749	32	9	and	and	CCONJ
cjfa-48749	32	10	market	market	NOUN
cjfa-48749	32	11	uncertainty	uncertainty	NOUN
cjfa-48749	32	12	for	for	ADP
cjfa-48749	32	13	external	external	ADJ
cjfa-48749	32	14	users	user	NOUN
cjfa-48749	32	15	and	and	CCONJ
cjfa-48749	32	16	investors	investor	NOUN
cjfa-48749	32	17	(	(	PUNCT
cjfa-48749	32	18	lin	lin	PROPN
cjfa-48749	32	19	,	,	PUNCT
cjfa-48749	32	20	jiang	jiang	PROPN
cjfa-48749	32	21	,	,	PUNCT
cjfa-48749	32	22	tang	tang	PROPN
cjfa-48749	32	23	&	&	CCONJ
cjfa-48749	32	24	he	he	PRON
cjfa-48749	32	25	,	,	PUNCT
cjfa-48749	32	26	2014	2014	NUM
cjfa-48749	32	27	)	)	PUNCT
cjfa-48749	32	28	.	.	PUNCT
cjfa-48749	33	1	financial	financial	ADJ
cjfa-48749	33	2	reporting	reporting	NOUN
cjfa-48749	33	3	quality	quality	NOUN
cjfa-48749	33	4	include	include	VERB
cjfa-48749	33	5	not	not	PART
cjfa-48749	33	6	only	only	ADV
cjfa-48749	33	7	financial	financial	ADJ
cjfa-48749	33	8	information	information	NOUN
cjfa-48749	33	9	but	but	CCONJ
cjfa-48749	33	10	also	also	ADV
cjfa-48749	33	11	other	other	ADJ
cjfa-48749	33	12	pertinent	pertinent	ADJ
cjfa-48749	33	13	non	non	ADJ
cjfa-48749	33	14	-	-	ADJ
cjfa-48749	33	15	financial	financial	ADJ
cjfa-48749	33	16	information	information	NOUN
cjfa-48749	33	17	that	that	PRON
cjfa-48749	33	18	aids	aid	VERB
cjfa-48749	33	19	in	in	ADP
cjfa-48749	33	20	decision	decision	NOUN
cjfa-48749	33	21	-	-	PUNCT
cjfa-48749	33	22	making	making	NOUN
cjfa-48749	33	23	.	.	PUNCT
cjfa-48749	34	1	financial	financial	ADJ
cjfa-48749	34	2	the	the	DET
cjfa-48749	34	3	analysis	analysis	NOUN
cjfa-48749	34	4	of	of	ADP
cjfa-48749	34	5	financial	financial	ADJ
cjfa-48749	34	6	reporting	reporting	NOUN
cjfa-48749	34	7	quality	quality	NOUN
cjfa-48749	34	8	and	and	CCONJ
cjfa-48749	34	9	firm	firm	ADJ
cjfa-48749	34	10	value	value	NOUN
cjfa-48749	34	11	2929	2929	NUM
cjfa-48749	34	12	reporting	report	VERB
cjfa-48749	34	13	quality	quality	NOUN
cjfa-48749	34	14	,	,	PUNCT
cjfa-48749	34	15	as	as	SCONJ
cjfa-48749	34	16	defined	define	VERB
cjfa-48749	34	17	by	by	ADP
cjfa-48749	34	18	the	the	DET
cjfa-48749	34	19	international	international	ADJ
cjfa-48749	34	20	accounting	accounting	NOUN
cjfa-48749	34	21	standards	standard	NOUN
cjfa-48749	34	22	board	board	NOUN
cjfa-48749	34	23	(	(	PUNCT
cjfa-48749	34	24	iasb	iasb	PROPN
cjfa-48749	34	25	)	)	PUNCT
cjfa-48749	34	26	,	,	PUNCT
cjfa-48749	34	27	financial	financial	ADJ
cjfa-48749	34	28	accounting	accounting	NOUN
cjfa-48749	34	29	standards	standards	PROPN
cjfa-48749	34	30	board	board	NOUN
cjfa-48749	34	31	(	(	PUNCT
cjfa-48749	34	32	fasb	fasb	PROPN
cjfa-48749	34	33	)	)	PUNCT
cjfa-48749	34	34	,	,	PUNCT
cjfa-48749	34	35	the	the	DET
cjfa-48749	34	36	australia	australia	PROPN
cjfa-48749	34	37	accounting	accounting	PROPN
cjfa-48749	34	38	standard	standard	PROPN
cjfa-48749	34	39	board	board	PROPN
cjfa-48749	34	40	(	(	PUNCT
cjfa-48749	34	41	aasb	aasb	PROPN
cjfa-48749	34	42	)	)	PUNCT
cjfa-48749	34	43	,	,	PUNCT
cjfa-48749	34	44	and	and	CCONJ
cjfa-48749	34	45	the	the	DET
cjfa-48749	34	46	accounting	accounting	NOUN
cjfa-48749	34	47	standard	standard	PROPN
cjfa-48749	34	48	board	board	NOUN
cjfa-48749	34	49	in	in	ADP
cjfa-48749	34	50	the	the	DET
cjfa-48749	34	51	united	united	PROPN
cjfa-48749	34	52	kingdom	kingdom	PROPN
cjfa-48749	34	53	(	(	PUNCT
cjfa-48749	34	54	asb	asb	PROPN
cjfa-48749	34	55	)	)	PUNCT
cjfa-48749	35	1	[	[	X
cjfa-48749	35	2	uk	uk	X
cjfa-48749	35	3	]	]	PUNCT
cjfa-48749	35	4	refers	refer	VERB
cjfa-48749	35	5	to	to	ADP
cjfa-48749	35	6	the	the	DET
cjfa-48749	35	7	provision	provision	NOUN
cjfa-48749	35	8	of	of	ADP
cjfa-48749	35	9	precise	precise	ADJ
cjfa-48749	35	10	and	and	CCONJ
cjfa-48749	35	11	unbiased	unbiased	ADJ
cjfa-48749	35	12	information	information	NOUN
cjfa-48749	35	13	in	in	ADP
cjfa-48749	35	14	financial	financial	ADJ
cjfa-48749	35	15	statements	statement	NOUN
cjfa-48749	35	16	regarding	regard	VERB
cjfa-48749	35	17	the	the	DET
cjfa-48749	35	18	underlying	underlying	ADJ
cjfa-48749	35	19	financial	financial	ADJ
cjfa-48749	35	20	position	position	NOUN
cjfa-48749	35	21	and	and	CCONJ
cjfa-48749	35	22	economic	economic	ADJ
cjfa-48749	35	23	performance	performance	NOUN
cjfa-48749	35	24	of	of	ADP
cjfa-48749	35	25	an	an	DET
cjfa-48749	35	26	entity	entity	NOUN
cjfa-48749	35	27	(	(	PUNCT
cjfa-48749	35	28	herath	herath	PROPN
cjfa-48749	35	29	&	&	CCONJ
cjfa-48749	35	30	albarqi	albarqi	PROPN
cjfa-48749	35	31	,	,	PUNCT
cjfa-48749	35	32	2017	2017	NUM
cjfa-48749	35	33	)	)	PUNCT
cjfa-48749	35	34	.	.	PUNCT
cjfa-48749	36	1	(	(	PUNCT
cjfa-48749	36	2	ball	ball	NOUN
cjfa-48749	36	3	&	&	CCONJ
cjfa-48749	36	4	shivakumar	shivakumar	PROPN
cjfa-48749	36	5	,	,	PUNCT
cjfa-48749	36	6	2005	2005	NUM
cjfa-48749	36	7	)	)	PUNCT
cjfa-48749	36	8	defined	define	VERB
cjfa-48749	36	9	financial	financial	ADJ
cjfa-48749	36	10	reporting	reporting	NOUN
cjfa-48749	36	11	quality	quality	NOUN
cjfa-48749	36	12	as	as	ADP
cjfa-48749	36	13	“	"	PUNCT
cjfa-48749	36	14	the	the	DET
cjfa-48749	36	15	usefulness	usefulness	NOUN
cjfa-48749	36	16	of	of	ADP
cjfa-48749	36	17	financial	financial	ADJ
cjfa-48749	36	18	statements	statement	NOUN
cjfa-48749	36	19	to	to	ADP
cjfa-48749	36	20	investors	investor	NOUN
cjfa-48749	36	21	,	,	PUNCT
cjfa-48749	36	22	creditors	creditor	NOUN
cjfa-48749	36	23	,	,	PUNCT
cjfa-48749	36	24	managers	manager	NOUN
cjfa-48749	36	25	and	and	CCONJ
cjfa-48749	36	26	all	all	DET
cjfa-48749	36	27	other	other	ADJ
cjfa-48749	36	28	parties	party	NOUN
cjfa-48749	36	29	contracting	contract	VERB
cjfa-48749	36	30	with	with	ADP
cjfa-48749	36	31	the	the	DET
cjfa-48749	36	32	firm	firm	NOUN
cjfa-48749	36	33	”	"	PUNCT
cjfa-48749	36	34	.	.	PUNCT
cjfa-48749	37	1	accounting	accounting	NOUN
cjfa-48749	37	2	information	information	NOUN
cjfa-48749	37	3	can	can	AUX
cjfa-48749	37	4	impact	impact	VERB
cjfa-48749	37	5	investment	investment	NOUN
cjfa-48749	37	6	decisions	decision	NOUN
cjfa-48749	37	7	by	by	ADP
cjfa-48749	37	8	mitigating	mitigate	VERB
cjfa-48749	37	9	information	information	NOUN
cjfa-48749	37	10	asymmetry	asymmetry	NOUN
cjfa-48749	37	11	between	between	ADP
cjfa-48749	37	12	managers	manager	NOUN
cjfa-48749	37	13	and	and	CCONJ
cjfa-48749	37	14	shareholders	shareholder	NOUN
cjfa-48749	37	15	and	and	CCONJ
cjfa-48749	37	16	modifying	modify	VERB
cjfa-48749	37	17	moral	moral	ADJ
cjfa-48749	37	18	hazard	hazard	NOUN
cjfa-48749	37	19	costs	cost	NOUN
cjfa-48749	37	20	resulting	result	VERB
cjfa-48749	37	21	from	from	ADP
cjfa-48749	37	22	agency	agency	NOUN
cjfa-48749	37	23	conflicts	conflict	NOUN
cjfa-48749	37	24	among	among	ADP
cjfa-48749	37	25	different	different	ADJ
cjfa-48749	37	26	stakeholders	stakeholder	NOUN
cjfa-48749	37	27	in	in	ADP
cjfa-48749	37	28	the	the	DET
cjfa-48749	37	29	company	company	NOUN
cjfa-48749	37	30	(	(	PUNCT
cjfa-48749	37	31	roychowdhury	roychowdhury	NOUN
cjfa-48749	37	32	,	,	PUNCT
cjfa-48749	37	33	shroff	shroff	NOUN
cjfa-48749	37	34	&	&	CCONJ
cjfa-48749	37	35	verdi	verdi	PROPN
cjfa-48749	37	36	,	,	PUNCT
cjfa-48749	37	37	2019	2019	NUM
cjfa-48749	37	38	)	)	PUNCT
cjfa-48749	37	39	.	.	PUNCT
cjfa-48749	38	1	previous	previous	ADJ
cjfa-48749	38	2	research	research	NOUN
cjfa-48749	38	3	used	use	VERB
cjfa-48749	38	4	multiple	multiple	ADJ
cjfa-48749	38	5	proxies	proxy	NOUN
cjfa-48749	38	6	in	in	ADP
cjfa-48749	38	7	measuring	measure	VERB
cjfa-48749	38	8	financial	financial	ADJ
cjfa-48749	38	9	reporting	reporting	NOUN
cjfa-48749	38	10	quality	quality	NOUN
cjfa-48749	38	11	such	such	ADJ
cjfa-48749	38	12	as	as	ADP
cjfa-48749	38	13	accruals	accrual	NOUN
cjfa-48749	38	14	quality	quality	NOUN
cjfa-48749	38	15	,	,	PUNCT
cjfa-48749	38	16	accounting	accounting	NOUN
cjfa-48749	38	17	conservatism	conservatism	NOUN
cjfa-48749	38	18	,	,	PUNCT
cjfa-48749	38	19	the	the	DET
cjfa-48749	38	20	likelihood	likelihood	NOUN
cjfa-48749	38	21	of	of	ADP
cjfa-48749	38	22	misstatements	misstatement	NOUN
cjfa-48749	38	23	,	,	PUNCT
cjfa-48749	38	24	the	the	DET
cjfa-48749	38	25	likelihood	likelihood	NOUN
cjfa-48749	38	26	of	of	ADP
cjfa-48749	38	27	material	material	NOUN
cjfa-48749	38	28	weaknesses	weakness	NOUN
cjfa-48749	38	29	in	in	ADP
cjfa-48749	38	30	internal	internal	ADJ
cjfa-48749	38	31	control	control	NOUN
cjfa-48749	38	32	,	,	PUNCT
cjfa-48749	38	33	or	or	CCONJ
cjfa-48749	38	34	audit	audit	NOUN
cjfa-48749	38	35	fees	fee	NOUN
cjfa-48749	38	36	.	.	PUNCT
cjfa-48749	39	1	in	in	ADP
cjfa-48749	39	2	this	this	DET
cjfa-48749	39	3	paper	paper	NOUN
cjfa-48749	39	4	,	,	PUNCT
cjfa-48749	39	5	two	two	NUM
cjfa-48749	39	6	proxies	proxy	NOUN
cjfa-48749	39	7	of	of	ADP
cjfa-48749	39	8	financial	financial	ADJ
cjfa-48749	39	9	reporting	reporting	NOUN
cjfa-48749	39	10	quality	quality	NOUN
cjfa-48749	39	11	are	be	AUX
cjfa-48749	39	12	used	use	VERB
cjfa-48749	39	13	,	,	PUNCT
cjfa-48749	39	14	quality	quality	NOUN
cjfa-48749	39	15	of	of	ADP
cjfa-48749	39	16	accruals	accrual	NOUN
cjfa-48749	39	17	through	through	ADP
cjfa-48749	39	18	the	the	DET
cjfa-48749	39	19	ball	ball	NOUN
cjfa-48749	39	20	-	-	PUNCT
cjfa-48749	39	21	shivakumar	shivakumar	PROPN
cjfa-48749	39	22	model	model	NOUN
cjfa-48749	39	23	and	and	CCONJ
cjfa-48749	39	24	earnings	earning	NOUN
cjfa-48749	39	25	management	management	NOUN
cjfa-48749	39	26	through	through	ADP
cjfa-48749	39	27	modified	modify	VERB
cjfa-48749	39	28	jones	jones	PROPN
cjfa-48749	39	29	model	model	PROPN
cjfa-48749	39	30	.	.	PUNCT
cjfa-48749	40	1	the	the	DET
cjfa-48749	40	2	ball	ball	NOUN
cjfa-48749	40	3	-	-	PUNCT
cjfa-48749	40	4	shivakumar	shivakumar	PROPN
cjfa-48749	40	5	model	model	NOUN
cjfa-48749	40	6	proposes	propose	VERB
cjfa-48749	40	7	that	that	SCONJ
cjfa-48749	40	8	nonlinear	nonlinear	ADJ
cjfa-48749	40	9	accrual	accrual	ADJ
cjfa-48749	40	10	models	model	NOUN
cjfa-48749	40	11	,	,	PUNCT
cjfa-48749	40	12	which	which	PRON
cjfa-48749	40	13	include	include	VERB
cjfa-48749	40	14	the	the	DET
cjfa-48749	40	15	prompt	prompt	ADJ
cjfa-48749	40	16	identification	identification	NOUN
cjfa-48749	40	17	of	of	ADP
cjfa-48749	40	18	losses	loss	NOUN
cjfa-48749	40	19	,	,	PUNCT
cjfa-48749	40	20	outperform	outperform	ADJ
cjfa-48749	40	21	linear	linear	ADJ
cjfa-48749	40	22	ones	one	NOUN
cjfa-48749	40	23	.	.	PUNCT
cjfa-48749	41	1	thus	thus	ADV
cjfa-48749	41	2	,	,	PUNCT
cjfa-48749	41	3	this	this	DET
cjfa-48749	41	4	model	model	NOUN
cjfa-48749	41	5	incorporated	incorporate	VERB
cjfa-48749	41	6	a	a	DET
cjfa-48749	41	7	dummy	dummy	ADJ
cjfa-48749	41	8	variable	variable	NOUN
cjfa-48749	41	9	representing	represent	VERB
cjfa-48749	41	10	the	the	DET
cjfa-48749	41	11	cash	cash	NOUN
cjfa-48749	41	12	flow	flow	NOUN
cjfa-48749	41	13	of	of	ADP
cjfa-48749	41	14	the	the	DET
cjfa-48749	41	15	current	current	ADJ
cjfa-48749	41	16	year	year	NOUN
cjfa-48749	41	17	and	and	CCONJ
cjfa-48749	41	18	its	its	PRON
cjfa-48749	41	19	interaction	interaction	NOUN
cjfa-48749	41	20	with	with	ADP
cjfa-48749	41	21	the	the	DET
cjfa-48749	41	22	magnitude	magnitude	NOUN
cjfa-48749	41	23	of	of	ADP
cjfa-48749	41	24	cash	cash	NOUN
cjfa-48749	41	25	flows	flow	NOUN
cjfa-48749	41	26	(	(	PUNCT
cjfa-48749	41	27	martínez	martínez	NOUN
cjfa-48749	41	28	-	-	PUNCT
cjfa-48749	41	29	ferrero	ferrero	PROPN
cjfa-48749	41	30	,	,	PUNCT
cjfa-48749	41	31	garcia	garcia	PROPN
cjfa-48749	41	32	-	-	PUNCT
cjfa-48749	41	33	sanchez	sanchez	PROPN
cjfa-48749	41	34	&	&	CCONJ
cjfa-48749	41	35	cuadrado	cuadrado	PROPN
cjfa-48749	41	36	-	-	PUNCT
cjfa-48749	41	37	ballesteros	ballesteros	PROPN
cjfa-48749	41	38	,	,	PUNCT
cjfa-48749	41	39	2015	2015	NUM
cjfa-48749	41	40	)	)	PUNCT
cjfa-48749	41	41	.	.	PUNCT
cjfa-48749	42	1	ball	ball	NOUN
cjfa-48749	42	2	-	-	PUNCT
cjfa-48749	42	3	shivakumar	shivakumar	PROPN
cjfa-48749	42	4	model	model	NOUN
cjfa-48749	42	5	measures	measure	NOUN
cjfa-48749	42	6	timeliness	timeliness	NOUN
cjfa-48749	42	7	in	in	ADP
cjfa-48749	42	8	financial	financial	ADJ
cjfa-48749	42	9	statement	statement	NOUN
cjfa-48749	42	10	recognition	recognition	NOUN
cjfa-48749	42	11	of	of	ADP
cjfa-48749	42	12	economic	economic	ADJ
cjfa-48749	42	13	losses	loss	NOUN
cjfa-48749	42	14	.	.	PUNCT
cjfa-48749	43	1	“	"	PUNCT
cjfa-48749	43	2	loss	loss	NOUN
cjfa-48749	43	3	recognition	recognition	NOUN
cjfa-48749	43	4	timeliness	timeliness	NOUN
cjfa-48749	43	5	is	be	AUX
cjfa-48749	43	6	a	a	DET
cjfa-48749	43	7	summary	summary	NOUN
cjfa-48749	43	8	indicator	indicator	NOUN
cjfa-48749	43	9	of	of	ADP
cjfa-48749	43	10	the	the	DET
cjfa-48749	43	11	speed	speed	NOUN
cjfa-48749	43	12	with	with	ADP
cjfa-48749	43	13	which	which	PRON
cjfa-48749	43	14	adverse	adverse	ADJ
cjfa-48749	43	15	economic	economic	ADJ
cjfa-48749	43	16	events	event	NOUN
cjfa-48749	43	17	are	be	AUX
cjfa-48749	43	18	reflected	reflect	VERB
cjfa-48749	43	19	in	in	ADP
cjfa-48749	43	20	the	the	DET
cjfa-48749	43	21	both	both	PRON
cjfa-48749	43	22	income	income	NOUN
cjfa-48749	43	23	statements	statement	NOUN
cjfa-48749	43	24	and	and	CCONJ
cjfa-48749	43	25	balance	balance	NOUN
cjfa-48749	43	26	sheets	sheet	NOUN
cjfa-48749	43	27	,	,	PUNCT
cjfa-48749	43	28	and	and	CCONJ
cjfa-48749	43	29	thus	thus	ADV
cjfa-48749	43	30	is	be	AUX
cjfa-48749	43	31	an	an	DET
cjfa-48749	43	32	important	important	ADJ
cjfa-48749	43	33	attribute	attribute	NOUN
cjfa-48749	43	34	of	of	ADP
cjfa-48749	43	35	earnings	earning	NOUN
cjfa-48749	43	36	quality	quality	NOUN
cjfa-48749	43	37	”	"	PUNCT
cjfa-48749	43	38	(	(	PUNCT
cjfa-48749	43	39	ball	ball	NOUN
cjfa-48749	43	40	&	&	CCONJ
cjfa-48749	43	41	shivakumar	shivakumar	PROPN
cjfa-48749	43	42	,	,	PUNCT
cjfa-48749	43	43	2005	2005	NUM
cjfa-48749	43	44	)	)	PUNCT
cjfa-48749	43	45	.	.	PUNCT
cjfa-48749	44	1	earnings	earning	NOUN
cjfa-48749	44	2	management	management	NOUN
cjfa-48749	44	3	refers	refer	VERB
cjfa-48749	44	4	to	to	PART
cjfa-48749	44	5	deliberate	deliberate	VERB
cjfa-48749	44	6	actions	action	NOUN
cjfa-48749	44	7	undertaken	undertake	VERB
cjfa-48749	44	8	by	by	ADP
cjfa-48749	44	9	firm	firm	ADJ
cjfa-48749	44	10	managers	manager	NOUN
cjfa-48749	44	11	,	,	PUNCT
cjfa-48749	44	12	driven	drive	VERB
cjfa-48749	44	13	by	by	ADP
cjfa-48749	44	14	opportunistic	opportunistic	ADJ
cjfa-48749	44	15	motives	motive	NOUN
cjfa-48749	44	16	and/or	and/or	CCONJ
cjfa-48749	44	17	the	the	DET
cjfa-48749	44	18	need	need	NOUN
cjfa-48749	44	19	for	for	ADP
cjfa-48749	44	20	information	information	NOUN
cjfa-48749	44	21	,	,	PUNCT
cjfa-48749	44	22	to	to	PART
cjfa-48749	44	23	provide	provide	VERB
cjfa-48749	44	24	financial	financial	ADJ
cjfa-48749	44	25	outcomes	outcome	NOUN
cjfa-48749	44	26	that	that	PRON
cjfa-48749	44	27	do	do	AUX
cjfa-48749	44	28	not	not	PART
cjfa-48749	44	29	accurately	accurately	ADV
cjfa-48749	44	30	reflect	reflect	VERB
cjfa-48749	44	31	the	the	DET
cjfa-48749	44	32	actual	actual	ADJ
cjfa-48749	44	33	performance	performance	NOUN
cjfa-48749	44	34	.	.	PUNCT
cjfa-48749	45	1	the	the	DET
cjfa-48749	45	2	discretionary	discretionary	ADJ
cjfa-48749	45	3	element	element	NOUN
cjfa-48749	45	4	of	of	ADP
cjfa-48749	45	5	accruals	accrual	NOUN
cjfa-48749	45	6	adjustment	adjustment	NOUN
cjfa-48749	45	7	can	can	AUX
cjfa-48749	45	8	serve	serve	VERB
cjfa-48749	45	9	as	as	ADP
cjfa-48749	45	10	an	an	DET
cjfa-48749	45	11	indicator	indicator	NOUN
cjfa-48749	45	12	of	of	ADP
cjfa-48749	45	13	managerial	managerial	ADJ
cjfa-48749	45	14	discretion	discretion	NOUN
cjfa-48749	45	15	,	,	PUNCT
cjfa-48749	45	16	and	and	CCONJ
cjfa-48749	45	17	hence	hence	ADV
cjfa-48749	45	18	of	of	ADP
cjfa-48749	45	19	accounting	accounting	NOUN
cjfa-48749	45	20	fraud	fraud	NOUN
cjfa-48749	45	21	.	.	PUNCT
cjfa-48749	46	1	not	not	PART
cjfa-48749	46	2	all	all	DET
cjfa-48749	46	3	accruals	accrual	NOUN
cjfa-48749	46	4	are	be	AUX
cjfa-48749	46	5	optional	optional	ADJ
cjfa-48749	46	6	;	;	PUNCT
cjfa-48749	46	7	therefore	therefore	ADV
cjfa-48749	46	8	,	,	PUNCT
cjfa-48749	46	9	it	it	PRON
cjfa-48749	46	10	is	be	AUX
cjfa-48749	46	11	important	important	ADJ
cjfa-48749	46	12	to	to	PART
cjfa-48749	46	13	distinguish	distinguish	VERB
cjfa-48749	46	14	between	between	ADP
cjfa-48749	46	15	the	the	DET
cjfa-48749	46	16	optional	optional	ADJ
cjfa-48749	46	17	and	and	CCONJ
cjfa-48749	46	18	nonoptional	nonoptional	ADJ
cjfa-48749	46	19	parts	part	NOUN
cjfa-48749	46	20	in	in	ADP
cjfa-48749	46	21	order	order	NOUN
cjfa-48749	46	22	to	to	PART
cjfa-48749	46	23	assess	assess	VERB
cjfa-48749	46	24	the	the	DET
cjfa-48749	46	25	occurrence	occurrence	NOUN
cjfa-48749	46	26	and	and	CCONJ
cjfa-48749	46	27	degree	degree	NOUN
cjfa-48749	46	28	of	of	ADP
cjfa-48749	46	29	earnings	earning	NOUN
cjfa-48749	46	30	manipulation	manipulation	NOUN
cjfa-48749	46	31	.	.	PUNCT
cjfa-48749	47	1	the	the	DET
cjfa-48749	47	2	calculation	calculation	NOUN
cjfa-48749	47	3	of	of	ADP
cjfa-48749	47	4	the	the	DET
cjfa-48749	47	5	discretionary	discretionary	ADJ
cjfa-48749	47	6	accruals	accrual	NOUN
cjfa-48749	47	7	adjustment	adjustment	NOUN
cjfa-48749	47	8	(	(	PUNCT
cjfa-48749	47	9	daa	daa	NOUN
cjfa-48749	47	10	)	)	PUNCT
cjfa-48749	47	11	involves	involve	VERB
cjfa-48749	47	12	deducting	deduct	VERB
cjfa-48749	47	13	the	the	DET
cjfa-48749	47	14	non	non	ADJ
cjfa-48749	47	15	-	-	ADJ
cjfa-48749	47	16	discretionary	discretionary	ADJ
cjfa-48749	47	17	accruals	accrual	NOUN
cjfa-48749	47	18	adjustment	adjustment	NOUN
cjfa-48749	47	19	(	(	PUNCT
cjfa-48749	47	20	ndaa	ndaa	PROPN
cjfa-48749	47	21	)	)	PUNCT
cjfa-48749	47	22	from	from	ADP
cjfa-48749	47	23	karina	karina	PROPN
cjfa-48749	47	24	harjanto3030	harjanto3030	PROPN
cjfa-48749	47	25	the	the	DET
cjfa-48749	47	26	total	total	ADJ
cjfa-48749	47	27	accruals	accrual	NOUN
cjfa-48749	47	28	adjustment	adjustment	NOUN
cjfa-48749	47	29	(	(	PUNCT
cjfa-48749	47	30	taa	taa	X
cjfa-48749	47	31	)	)	PUNCT
cjfa-48749	47	32	.	.	PUNCT
cjfa-48749	48	1	the	the	DET
cjfa-48749	48	2	daa	daa	PROPN
cjfa-48749	48	3	represents	represent	VERB
cjfa-48749	48	4	the	the	DET
cjfa-48749	48	5	atypical	atypical	ADJ
cjfa-48749	48	6	accruals	accrual	NOUN
cjfa-48749	48	7	that	that	PRON
cjfa-48749	48	8	make	make	VERB
cjfa-48749	48	9	up	up	ADP
cjfa-48749	48	10	the	the	DET
cjfa-48749	48	11	variable	variable	NOUN
cjfa-48749	48	12	used	use	VERB
cjfa-48749	48	13	to	to	PART
cjfa-48749	48	14	measure	measure	VERB
cjfa-48749	48	15	earnings	earning	NOUN
cjfa-48749	48	16	management	management	NOUN
cjfa-48749	48	17	(	(	PUNCT
cjfa-48749	48	18	martínez	martínez	NOUN
cjfa-48749	48	19	-	-	PUNCT
cjfa-48749	48	20	ferrero	ferrero	PROPN
cjfa-48749	48	21	et	et	PROPN
cjfa-48749	48	22	al	al	PROPN
cjfa-48749	48	23	.	.	PROPN
cjfa-48749	48	24	,	,	PUNCT
cjfa-48749	48	25	2015	2015	NUM
cjfa-48749	48	26	)	)	PUNCT
cjfa-48749	48	27	.	.	PUNCT
cjfa-48749	49	1	discretionary	discretionary	ADJ
cjfa-48749	49	2	accruals	accrual	NOUN
cjfa-48749	49	3	represent	represent	VERB
cjfa-48749	49	4	managerial	managerial	ADJ
cjfa-48749	49	5	interventions	intervention	NOUN
cjfa-48749	49	6	into	into	ADP
cjfa-48749	49	7	financial	financial	ADJ
cjfa-48749	49	8	reporting	reporting	NOUN
cjfa-48749	49	9	process	process	NOUN
cjfa-48749	49	10	(	(	PUNCT
cjfa-48749	49	11	islam	islam	PROPN
cjfa-48749	49	12	,	,	PUNCT
cjfa-48749	49	13	ali	ali	PROPN
cjfa-48749	49	14	&	&	CCONJ
cjfa-48749	49	15	ahmad	ahmad	PROPN
cjfa-48749	49	16	,	,	PUNCT
cjfa-48749	49	17	2011	2011	NUM
cjfa-48749	49	18	)	)	PUNCT
cjfa-48749	49	19	.	.	PUNCT
cjfa-48749	50	1	the	the	DET
cjfa-48749	50	2	signal	signal	PROPN
cjfa-48749	50	3	theory	theory	NOUN
cjfa-48749	50	4	approach	approach	NOUN
cjfa-48749	50	5	highlights	highlight	NOUN
cjfa-48749	50	6	that	that	SCONJ
cjfa-48749	50	7	organizations	organization	NOUN
cjfa-48749	50	8	can	can	AUX
cjfa-48749	50	9	enhance	enhance	VERB
cjfa-48749	50	10	their	their	PRON
cjfa-48749	50	11	corporate	corporate	ADJ
cjfa-48749	50	12	value	value	NOUN
cjfa-48749	50	13	by	by	ADP
cjfa-48749	50	14	transmitting	transmit	VERB
cjfa-48749	50	15	signals	signal	NOUN
cjfa-48749	50	16	to	to	ADP
cjfa-48749	50	17	investors	investor	NOUN
cjfa-48749	50	18	through	through	ADP
cjfa-48749	50	19	the	the	DET
cjfa-48749	50	20	disclosure	disclosure	NOUN
cjfa-48749	50	21	of	of	ADP
cjfa-48749	50	22	information	information	NOUN
cjfa-48749	50	23	pertaining	pertain	VERB
cjfa-48749	50	24	to	to	ADP
cjfa-48749	50	25	company	company	NOUN
cjfa-48749	50	26	performance	performance	NOUN
cjfa-48749	50	27	,	,	PUNCT
cjfa-48749	50	28	thereby	thereby	ADV
cjfa-48749	50	29	offering	offer	VERB
cjfa-48749	50	30	a	a	DET
cjfa-48749	50	31	glimpse	glimpse	NOUN
cjfa-48749	50	32	into	into	ADP
cjfa-48749	50	33	future	future	ADJ
cjfa-48749	50	34	business	business	NOUN
cjfa-48749	50	35	potential	potential	NOUN
cjfa-48749	50	36	(	(	PUNCT
cjfa-48749	50	37	antonius	antonius	PROPN
cjfa-48749	50	38	&	&	CCONJ
cjfa-48749	50	39	harjanto	harjanto	PROPN
cjfa-48749	50	40	,	,	PUNCT
cjfa-48749	50	41	2022	2022	NUM
cjfa-48749	50	42	)	)	PUNCT
cjfa-48749	50	43	.	.	PUNCT
cjfa-48749	51	1	signal	signal	PROPN
cjfa-48749	51	2	theory	theory	NOUN
cjfa-48749	51	3	elucidates	elucidate	VERB
cjfa-48749	51	4	how	how	SCONJ
cjfa-48749	51	5	corporations	corporation	NOUN
cjfa-48749	51	6	might	might	AUX
cjfa-48749	51	7	utilize	utilize	VERB
cjfa-48749	51	8	information	information	NOUN
cjfa-48749	51	9	to	to	PART
cjfa-48749	51	10	convey	convey	VERB
cjfa-48749	51	11	favorable	favorable	ADJ
cjfa-48749	51	12	or	or	CCONJ
cjfa-48749	51	13	unfavorable	unfavorable	ADJ
cjfa-48749	51	14	signals	signal	NOUN
cjfa-48749	51	15	to	to	ADP
cjfa-48749	51	16	users	user	NOUN
cjfa-48749	51	17	(	(	PUNCT
cjfa-48749	51	18	regina	regina	PROPN
cjfa-48749	51	19	&	&	CCONJ
cjfa-48749	51	20	harjanto	harjanto	PROPN
cjfa-48749	51	21	,	,	PUNCT
cjfa-48749	51	22	2022	2022	NUM
cjfa-48749	51	23	)	)	PUNCT
cjfa-48749	51	24	.	.	PUNCT
cjfa-48749	52	1	financial	financial	ADJ
cjfa-48749	52	2	statements	statement	NOUN
cjfa-48749	52	3	are	be	AUX
cjfa-48749	52	4	important	important	ADJ
cjfa-48749	52	5	tools	tool	NOUN
cjfa-48749	52	6	for	for	ADP
cjfa-48749	52	7	investors	investor	NOUN
cjfa-48749	52	8	in	in	ADP
cjfa-48749	52	9	making	make	VERB
cjfa-48749	52	10	investing	investing	NOUN
cjfa-48749	52	11	decisions	decision	NOUN
cjfa-48749	52	12	.	.	PUNCT
cjfa-48749	53	1	investors	investor	NOUN
cjfa-48749	53	2	use	use	VERB
cjfa-48749	53	3	data	datum	NOUN
cjfa-48749	53	4	in	in	ADP
cjfa-48749	53	5	financial	financial	ADJ
cjfa-48749	53	6	statements	statement	NOUN
cjfa-48749	53	7	to	to	PART
cjfa-48749	53	8	analyze	analyze	VERB
cjfa-48749	53	9	firm	firm	NOUN
cjfa-48749	53	10	’s	’s	PART
cjfa-48749	53	11	value	value	NOUN
cjfa-48749	53	12	.	.	PUNCT
cjfa-48749	54	1	in	in	ADP
cjfa-48749	54	2	this	this	DET
cjfa-48749	54	3	research	research	NOUN
cjfa-48749	54	4	,	,	PUNCT
cjfa-48749	54	5	four	four	NUM
cjfa-48749	54	6	proxies	proxy	NOUN
cjfa-48749	54	7	are	be	AUX
cjfa-48749	54	8	used	use	VERB
cjfa-48749	54	9	for	for	ADP
cjfa-48749	54	10	firm	firm	ADJ
cjfa-48749	54	11	value	value	NOUN
cjfa-48749	54	12	.	.	PUNCT
cjfa-48749	55	1	the	the	DET
cjfa-48749	55	2	first	first	ADJ
cjfa-48749	55	3	proxy	proxy	NOUN
cjfa-48749	55	4	is	be	AUX
cjfa-48749	55	5	share	share	NOUN
cjfa-48749	55	6	price	price	NOUN
cjfa-48749	55	7	.	.	PUNCT
cjfa-48749	56	1	(	(	PUNCT
cjfa-48749	56	2	husna	husna	PROPN
cjfa-48749	56	3	&	&	CCONJ
cjfa-48749	56	4	satria	satria	PROPN
cjfa-48749	56	5	,	,	PUNCT
cjfa-48749	56	6	2019	2019	NUM
cjfa-48749	56	7	)	)	PUNCT
cjfa-48749	56	8	stated	state	VERB
cjfa-48749	56	9	that	that	SCONJ
cjfa-48749	56	10	the	the	DET
cjfa-48749	56	11	firm	firm	ADJ
cjfa-48749	56	12	value	value	NOUN
cjfa-48749	56	13	is	be	AUX
cjfa-48749	56	14	defined	define	VERB
cjfa-48749	56	15	as	as	ADP
cjfa-48749	56	16	the	the	DET
cjfa-48749	56	17	price	price	NOUN
cjfa-48749	56	18	at	at	ADP
cjfa-48749	56	19	which	which	PRON
cjfa-48749	56	20	a	a	DET
cjfa-48749	56	21	company	company	NOUN
cjfa-48749	56	22	is	be	AUX
cjfa-48749	56	23	deemed	deem	VERB
cjfa-48749	56	24	viable	viable	ADJ
cjfa-48749	56	25	for	for	ADP
cjfa-48749	56	26	potential	potential	ADJ
cjfa-48749	56	27	investors	investor	NOUN
cjfa-48749	56	28	.	.	PUNCT
cjfa-48749	57	1	the	the	DET
cjfa-48749	57	2	primary	primary	ADJ
cjfa-48749	57	3	goal	goal	NOUN
cjfa-48749	57	4	of	of	ADP
cjfa-48749	57	5	the	the	DET
cjfa-48749	57	6	company	company	NOUN
cjfa-48749	57	7	’s	’s	PART
cjfa-48749	57	8	management	management	NOUN
cjfa-48749	57	9	is	be	AUX
cjfa-48749	57	10	to	to	PART
cjfa-48749	57	11	maximize	maximize	VERB
cjfa-48749	57	12	stockholder	stockholder	NOUN
cjfa-48749	57	13	wealth	wealth	NOUN
cjfa-48749	57	14	by	by	ADP
cjfa-48749	57	15	increasing	increase	VERB
cjfa-48749	57	16	the	the	DET
cjfa-48749	57	17	company	company	NOUN
cjfa-48749	57	18	’s	’s	PART
cjfa-48749	57	19	stock	stock	NOUN
cjfa-48749	57	20	price	price	NOUN
cjfa-48749	57	21	.	.	PUNCT
cjfa-48749	58	1	to	to	PART
cjfa-48749	58	2	optimize	optimize	VERB
cjfa-48749	58	3	the	the	DET
cjfa-48749	58	4	company	company	NOUN
cjfa-48749	58	5	’s	’s	PART
cjfa-48749	58	6	stock	stock	NOUN
cjfa-48749	58	7	price	price	NOUN
cjfa-48749	58	8	,	,	PUNCT
cjfa-48749	58	9	one	one	PRON
cjfa-48749	58	10	must	must	AUX
cjfa-48749	58	11	enhance	enhance	VERB
cjfa-48749	58	12	the	the	DET
cjfa-48749	58	13	enterprise	enterprise	NOUN
cjfa-48749	58	14	value	value	NOUN
cjfa-48749	58	15	or	or	CCONJ
cjfa-48749	58	16	firm	firm	ADJ
cjfa-48749	58	17	worth	worth	ADJ
cjfa-48749	58	18	.	.	PUNCT
cjfa-48749	59	1	the	the	DET
cjfa-48749	59	2	second	second	ADJ
cjfa-48749	59	3	proxy	proxy	NOUN
cjfa-48749	59	4	is	be	AUX
cjfa-48749	59	5	price	price	NOUN
cjfa-48749	59	6	to	to	ADP
cjfa-48749	59	7	book	book	NOUN
cjfa-48749	59	8	value	value	NOUN
cjfa-48749	59	9	(	(	PUNCT
cjfa-48749	59	10	pbv	pbv	ADJ
cjfa-48749	59	11	)	)	PUNCT
cjfa-48749	59	12	.	.	PUNCT
cjfa-48749	60	1	(	(	PUNCT
cjfa-48749	60	2	radja	radja	PROPN
cjfa-48749	60	3	&	&	CCONJ
cjfa-48749	60	4	artini	artini	PROPN
cjfa-48749	60	5	,	,	PUNCT
cjfa-48749	60	6	2020	2020	NUM
cjfa-48749	60	7	)	)	PUNCT
cjfa-48749	60	8	stated	state	VERB
cjfa-48749	60	9	that	that	SCONJ
cjfa-48749	60	10	pbv	pbv	VERB
cjfa-48749	60	11	shows	show	VERB
cjfa-48749	60	12	how	how	SCONJ
cjfa-48749	60	13	much	much	ADJ
cjfa-48749	60	14	value	value	NOUN
cjfa-48749	60	15	company	company	NOUN
cjfa-48749	60	16	can	can	AUX
cjfa-48749	60	17	create	create	VERB
cjfa-48749	60	18	relative	relative	ADJ
cjfa-48749	60	19	to	to	ADP
cjfa-48749	60	20	the	the	DET
cjfa-48749	60	21	amount	amount	NOUN
cjfa-48749	60	22	of	of	ADP
cjfa-48749	60	23	invested	invest	VERB
cjfa-48749	60	24	capital	capital	NOUN
cjfa-48749	60	25	.	.	PUNCT
cjfa-48749	61	1	manufacturing	manufacture	VERB
cjfa-48749	61	2	companies	company	NOUN
cjfa-48749	61	3	’	'	PUNCT
cjfa-48749	61	4	pbv	pbv	VERB
cjfa-48749	61	5	during	during	ADP
cjfa-48749	61	6	2018	2018	NUM
cjfa-48749	61	7	-	-	SYM
cjfa-48749	61	8	2021	2021	NUM
cjfa-48749	61	9	keeps	keep	VERB
cjfa-48749	61	10	declining	decline	VERB
cjfa-48749	61	11	,	,	PUNCT
cjfa-48749	61	12	from	from	ADP
cjfa-48749	61	13	2.94	2.94	NUM
cjfa-48749	61	14	in	in	ADP
cjfa-48749	61	15	2018	2018	NUM
cjfa-48749	61	16	,	,	PUNCT
cjfa-48749	61	17	2.84	2.84	NUM
cjfa-48749	61	18	in	in	ADP
cjfa-48749	61	19	2019	2019	NUM
cjfa-48749	61	20	,	,	PUNCT
cjfa-48749	61	21	2.36	2.36	NUM
cjfa-48749	61	22	in	in	ADP
cjfa-48749	61	23	2020	2020	NUM
cjfa-48749	61	24	,	,	PUNCT
cjfa-48749	61	25	and	and	CCONJ
cjfa-48749	61	26	1.82	1.82	NUM
cjfa-48749	61	27	in	in	ADP
cjfa-48749	61	28	2021	2021	NUM
cjfa-48749	61	29	.	.	PUNCT
cjfa-48749	62	1	this	this	DET
cjfa-48749	62	2	data	datum	NOUN
cjfa-48749	62	3	shows	show	VERB
cjfa-48749	62	4	that	that	SCONJ
cjfa-48749	62	5	investors	investor	NOUN
cjfa-48749	62	6	interests	interest	NOUN
cjfa-48749	62	7	in	in	ADP
cjfa-48749	62	8	buying	buy	VERB
cjfa-48749	62	9	manufacturing	manufacturing	NOUN
cjfa-48749	62	10	companies	company	NOUN
cjfa-48749	62	11	’	'	PUNCT
cjfa-48749	62	12	shares	share	NOUN
cjfa-48749	62	13	also	also	ADV
cjfa-48749	62	14	deteriorating	deteriorate	VERB
cjfa-48749	62	15	during	during	ADP
cjfa-48749	62	16	this	this	DET
cjfa-48749	62	17	period	period	NOUN
cjfa-48749	62	18	.	.	PUNCT
cjfa-48749	63	1	the	the	DET
cjfa-48749	63	2	third	third	ADJ
cjfa-48749	63	3	proxy	proxy	NOUN
cjfa-48749	63	4	is	be	AUX
cjfa-48749	63	5	tobin	tobin	NOUN
cjfa-48749	63	6	’s	’s	PART
cjfa-48749	63	7	q.	q.	PROPN
cjfa-48749	63	8	(	(	PUNCT
cjfa-48749	63	9	cahan	cahan	PROPN
cjfa-48749	63	10	,	,	PUNCT
cjfa-48749	63	11	villiers	villier	NOUN
cjfa-48749	63	12	,	,	PUNCT
cjfa-48749	63	13	jeter	jeter	PROPN
cjfa-48749	63	14	,	,	PUNCT
cjfa-48749	63	15	naiker	naiker	PROPN
cjfa-48749	63	16	&	&	CCONJ
cjfa-48749	63	17	van	van	PROPN
cjfa-48749	63	18	staden	staden	PROPN
cjfa-48749	63	19	,	,	PUNCT
cjfa-48749	63	20	2016	2016	NUM
cjfa-48749	63	21	)	)	PUNCT
cjfa-48749	63	22	stated	state	VERB
cjfa-48749	63	23	that	that	SCONJ
cjfa-48749	63	24	tobin	tobin	PROPN
cjfa-48749	63	25	’s	’s	PART
cjfa-48749	63	26	q	q	PROPN
cjfa-48749	63	27	quantified	quantify	VERB
cjfa-48749	63	28	the	the	DET
cjfa-48749	63	29	anticipated	anticipate	VERB
cjfa-48749	63	30	long	long	ADJ
cjfa-48749	63	31	-	-	PUNCT
cjfa-48749	63	32	term	term	NOUN
cjfa-48749	63	33	worth	worth	NOUN
cjfa-48749	63	34	of	of	ADP
cjfa-48749	63	35	a	a	DET
cjfa-48749	63	36	company	company	NOUN
cjfa-48749	63	37	rather	rather	ADV
cjfa-48749	63	38	than	than	ADP
cjfa-48749	63	39	its	its	PRON
cjfa-48749	63	40	present	present	ADJ
cjfa-48749	63	41	economic	economic	ADJ
cjfa-48749	63	42	performance	performance	NOUN
cjfa-48749	63	43	.	.	PUNCT
cjfa-48749	64	1	tobin	tobin	PROPN
cjfa-48749	64	2	’s	’s	PART
cjfa-48749	64	3	q	q	NOUN
cjfa-48749	64	4	incorporates	incorporate	VERB
cjfa-48749	64	5	the	the	DET
cjfa-48749	64	6	market	market	NOUN
cjfa-48749	64	7	’s	’s	PART
cjfa-48749	64	8	evaluation	evaluation	NOUN
cjfa-48749	64	9	of	of	ADP
cjfa-48749	64	10	a	a	DET
cjfa-48749	64	11	company	company	NOUN
cjfa-48749	64	12	’s	’s	PART
cjfa-48749	64	13	prospective	prospective	ADJ
cjfa-48749	64	14	cash	cash	NOUN
cjfa-48749	64	15	flows	flow	NOUN
cjfa-48749	64	16	and	and	CCONJ
cjfa-48749	64	17	the	the	DET
cjfa-48749	64	18	level	level	NOUN
cjfa-48749	64	19	of	of	ADP
cjfa-48749	64	20	risk	risk	NOUN
cjfa-48749	64	21	associated	associate	VERB
cjfa-48749	64	22	with	with	ADP
cjfa-48749	64	23	those	those	DET
cjfa-48749	64	24	cash	cash	NOUN
cjfa-48749	64	25	flows	flow	NOUN
cjfa-48749	64	26	.	.	PUNCT
cjfa-48749	65	1	the	the	DET
cjfa-48749	65	2	fourth	fourth	ADJ
cjfa-48749	65	3	proxy	proxy	NOUN
cjfa-48749	65	4	is	be	AUX
cjfa-48749	65	5	market	market	NOUN
cjfa-48749	65	6	value	value	NOUN
cjfa-48749	65	7	added	add	VERB
cjfa-48749	65	8	(	(	PUNCT
cjfa-48749	65	9	mva	mva	NOUN
cjfa-48749	65	10	)	)	PUNCT
cjfa-48749	65	11	.	.	PUNCT
cjfa-48749	66	1	young	young	ADJ
cjfa-48749	66	2	and	and	CCONJ
cjfa-48749	66	3	o’byrne	o’byrne	ADJ
cjfa-48749	66	4	(	(	PUNCT
cjfa-48749	66	5	2001	2001	NUM
cjfa-48749	66	6	)	)	PUNCT
cjfa-48749	66	7	mentioned	mention	VERB
cjfa-48749	66	8	that	that	SCONJ
cjfa-48749	66	9	“	"	PUNCT
cjfa-48749	66	10	mva	mva	NOUN
cjfa-48749	66	11	is	be	AUX
cjfa-48749	66	12	the	the	DET
cjfa-48749	66	13	difference	difference	NOUN
cjfa-48749	66	14	between	between	ADP
cjfa-48749	66	15	the	the	DET
cjfa-48749	66	16	market	market	NOUN
cjfa-48749	66	17	value	value	NOUN
cjfa-48749	66	18	of	of	ADP
cjfa-48749	66	19	the	the	DET
cjfa-48749	66	20	firm	firm	NOUN
cjfa-48749	66	21	and	and	CCONJ
cjfa-48749	66	22	the	the	DET
cjfa-48749	66	23	total	total	ADJ
cjfa-48749	66	24	capital	capital	NOUN
cjfa-48749	66	25	invested	invest	VERB
cjfa-48749	66	26	in	in	ADP
cjfa-48749	66	27	the	the	DET
cjfa-48749	66	28	firm	firm	NOUN
cjfa-48749	66	29	.	.	PUNCT
cjfa-48749	67	1	if	if	SCONJ
cjfa-48749	67	2	mva	mva	NOUN
cjfa-48749	67	3	is	be	AUX
cjfa-48749	67	4	positive	positive	ADJ
cjfa-48749	67	5	,	,	PUNCT
cjfa-48749	67	6	it	it	PRON
cjfa-48749	67	7	shows	show	VERB
cjfa-48749	67	8	that	that	SCONJ
cjfa-48749	67	9	a	a	DET
cjfa-48749	67	10	company	company	NOUN
cjfa-48749	67	11	is	be	AUX
cjfa-48749	67	12	a	a	DET
cjfa-48749	67	13	value	value	NOUN
cjfa-48749	67	14	creator	creator	NOUN
cjfa-48749	67	15	,	,	PUNCT
cjfa-48749	67	16	because	because	SCONJ
cjfa-48749	67	17	market	market	NOUN
cjfa-48749	67	18	value	value	NOUN
cjfa-48749	67	19	exceeds	exceed	VERB
cjfa-48749	67	20	invested	invest	VERB
cjfa-48749	67	21	capital	capital	NOUN
cjfa-48749	67	22	.	.	PUNCT
cjfa-48749	67	23	”	"	PUNCT
cjfa-48749	68	1	based	base	VERB
cjfa-48749	68	2	on	on	ADP
cjfa-48749	68	3	the	the	DET
cjfa-48749	68	4	theory	theory	NOUN
cjfa-48749	68	5	above	above	ADV
cjfa-48749	68	6	,	,	PUNCT
cjfa-48749	68	7	the	the	DET
cjfa-48749	68	8	hypotheses	hypothesis	NOUN
cjfa-48749	68	9	tested	test	VERB
cjfa-48749	68	10	in	in	ADP
cjfa-48749	68	11	this	this	DET
cjfa-48749	68	12	research	research	NOUN
cjfa-48749	68	13	are	be	AUX
cjfa-48749	68	14	:	:	PUNCT
cjfa-48749	68	15	ha1	ha1	NOUN
cjfa-48749	68	16	:	:	PUNCT
cjfa-48749	68	17	financial	financial	ADJ
cjfa-48749	68	18	reporting	reporting	NOUN
cjfa-48749	68	19	quality	quality	NOUN
cjfa-48749	68	20	(	(	PUNCT
cjfa-48749	68	21	aq	aq	NOUN
cjfa-48749	68	22	)	)	PUNCT
cjfa-48749	68	23	is	be	AUX
cjfa-48749	68	24	positively	positively	ADV
cjfa-48749	68	25	associated	associate	VERB
cjfa-48749	68	26	with	with	ADP
cjfa-48749	68	27	firm	firm	ADJ
cjfa-48749	68	28	value	value	NOUN
cjfa-48749	68	29	(	(	PUNCT
cjfa-48749	68	30	share	share	NOUN
cjfa-48749	68	31	price	price	NOUN
cjfa-48749	68	32	)	)	PUNCT
cjfa-48749	68	33	.	.	PUNCT
cjfa-48749	69	1	ha2	ha2	PROPN
cjfa-48749	69	2	:	:	PUNCT
cjfa-48749	69	3	financial	financial	ADJ
cjfa-48749	69	4	reporting	reporting	NOUN
cjfa-48749	69	5	quality	quality	NOUN
cjfa-48749	69	6	(	(	PUNCT
cjfa-48749	69	7	em	em	PRON
cjfa-48749	69	8	)	)	PUNCT
cjfa-48749	69	9	is	be	AUX
cjfa-48749	69	10	positively	positively	ADV
cjfa-48749	69	11	associated	associate	VERB
cjfa-48749	69	12	with	with	ADP
cjfa-48749	69	13	firm	firm	ADJ
cjfa-48749	69	14	value	value	NOUN
cjfa-48749	69	15	(	(	PUNCT
cjfa-48749	69	16	share	share	NOUN
cjfa-48749	69	17	price	price	NOUN
cjfa-48749	69	18	)	)	PUNCT
cjfa-48749	69	19	.	.	PUNCT
cjfa-48749	70	1	the	the	DET
cjfa-48749	70	2	analysis	analysis	NOUN
cjfa-48749	70	3	of	of	ADP
cjfa-48749	70	4	financial	financial	ADJ
cjfa-48749	70	5	reporting	reporting	NOUN
cjfa-48749	70	6	quality	quality	NOUN
cjfa-48749	70	7	and	and	CCONJ
cjfa-48749	70	8	firm	firm	ADJ
cjfa-48749	70	9	value	value	NOUN
cjfa-48749	70	10	3131	3131	NUM
cjfa-48749	70	11	ha3	ha3	PROPN
cjfa-48749	70	12	:	:	PUNCT
cjfa-48749	70	13	financial	financial	ADJ
cjfa-48749	70	14	reporting	reporting	NOUN
cjfa-48749	70	15	quality	quality	NOUN
cjfa-48749	70	16	(	(	PUNCT
cjfa-48749	70	17	aq	aq	NOUN
cjfa-48749	70	18	)	)	PUNCT
cjfa-48749	70	19	is	be	AUX
cjfa-48749	70	20	positively	positively	ADV
cjfa-48749	70	21	associated	associate	VERB
cjfa-48749	70	22	with	with	ADP
cjfa-48749	70	23	firm	firm	ADJ
cjfa-48749	70	24	value	value	NOUN
cjfa-48749	70	25	(	(	PUNCT
cjfa-48749	70	26	pbv	pbv	ADJ
cjfa-48749	70	27	)	)	PUNCT
cjfa-48749	70	28	.	.	PUNCT
cjfa-48749	71	1	ha4	ha4	NOUN
cjfa-48749	71	2	:	:	PUNCT
cjfa-48749	72	1	financial	financial	ADJ
cjfa-48749	72	2	reporting	reporting	NOUN
cjfa-48749	72	3	quality	quality	NOUN
cjfa-48749	72	4	(	(	PUNCT
cjfa-48749	72	5	em	em	PRON
cjfa-48749	72	6	)	)	PUNCT
cjfa-48749	72	7	is	be	AUX
cjfa-48749	72	8	positively	positively	ADV
cjfa-48749	72	9	associated	associate	VERB
cjfa-48749	72	10	with	with	ADP
cjfa-48749	72	11	firm	firm	ADJ
cjfa-48749	72	12	value	value	NOUN
cjfa-48749	72	13	(	(	PUNCT
cjfa-48749	72	14	pbv	pbv	ADJ
cjfa-48749	72	15	)	)	PUNCT
cjfa-48749	72	16	.	.	PUNCT
cjfa-48749	73	1	ha5	ha5	ADJ
cjfa-48749	73	2	:	:	PUNCT
cjfa-48749	73	3	financial	financial	ADJ
cjfa-48749	73	4	reporting	reporting	NOUN
cjfa-48749	73	5	quality	quality	NOUN
cjfa-48749	73	6	(	(	PUNCT
cjfa-48749	73	7	aq	aq	NOUN
cjfa-48749	73	8	)	)	PUNCT
cjfa-48749	73	9	is	be	AUX
cjfa-48749	73	10	positively	positively	ADV
cjfa-48749	73	11	associated	associate	VERB
cjfa-48749	73	12	with	with	ADP
cjfa-48749	73	13	firm	firm	ADJ
cjfa-48749	73	14	value	value	NOUN
cjfa-48749	73	15	(	(	PUNCT
cjfa-48749	73	16	tobin	tobin	PROPN
cjfa-48749	73	17	’s	’s	PART
cjfa-48749	73	18	q	q	NOUN
cjfa-48749	73	19	)	)	PUNCT
cjfa-48749	73	20	.	.	PUNCT
cjfa-48749	74	1	ha6	ha6	PROPN
cjfa-48749	74	2	:	:	PUNCT
cjfa-48749	74	3	financial	financial	ADJ
cjfa-48749	74	4	reporting	reporting	NOUN
cjfa-48749	74	5	quality	quality	NOUN
cjfa-48749	74	6	(	(	PUNCT
cjfa-48749	74	7	em	em	PRON
cjfa-48749	74	8	)	)	PUNCT
cjfa-48749	74	9	is	be	AUX
cjfa-48749	74	10	positively	positively	ADV
cjfa-48749	74	11	associated	associate	VERB
cjfa-48749	74	12	with	with	ADP
cjfa-48749	74	13	firm	firm	ADJ
cjfa-48749	74	14	value	value	NOUN
cjfa-48749	74	15	(	(	PUNCT
cjfa-48749	74	16	tobin	tobin	PROPN
cjfa-48749	74	17	’s	’s	PART
cjfa-48749	74	18	q	q	NOUN
cjfa-48749	74	19	)	)	PUNCT
cjfa-48749	74	20	.	.	PUNCT
cjfa-48749	75	1	ha7	ha7	NOUN
cjfa-48749	75	2	:	:	PUNCT
cjfa-48749	75	3	financial	financial	ADJ
cjfa-48749	75	4	reporting	reporting	NOUN
cjfa-48749	75	5	quality	quality	NOUN
cjfa-48749	75	6	(	(	PUNCT
cjfa-48749	75	7	aq	aq	NOUN
cjfa-48749	75	8	)	)	PUNCT
cjfa-48749	75	9	is	be	AUX
cjfa-48749	75	10	positively	positively	ADV
cjfa-48749	75	11	associated	associate	VERB
cjfa-48749	75	12	with	with	ADP
cjfa-48749	75	13	firm	firm	ADJ
cjfa-48749	75	14	value	value	NOUN
cjfa-48749	75	15	(	(	PUNCT
cjfa-48749	75	16	mva	mva	NOUN
cjfa-48749	75	17	)	)	PUNCT
cjfa-48749	75	18	.	.	PUNCT
cjfa-48749	76	1	ha8	ha8	NOUN
cjfa-48749	76	2	:	:	PUNCT
cjfa-48749	76	3	financial	financial	ADJ
cjfa-48749	76	4	reporting	reporting	NOUN
cjfa-48749	76	5	quality	quality	NOUN
cjfa-48749	76	6	(	(	PUNCT
cjfa-48749	76	7	em	em	PRON
cjfa-48749	76	8	)	)	PUNCT
cjfa-48749	76	9	is	be	AUX
cjfa-48749	76	10	positively	positively	ADV
cjfa-48749	76	11	associated	associate	VERB
cjfa-48749	76	12	with	with	ADP
cjfa-48749	76	13	firm	firm	ADJ
cjfa-48749	76	14	value	value	NOUN
cjfa-48749	76	15	(	(	PUNCT
cjfa-48749	76	16	mva	mva	NOUN
cjfa-48749	76	17	)	)	PUNCT
cjfa-48749	76	18	.	.	PUNCT
cjfa-48749	77	1	figure	figure	NOUN
cjfa-48749	77	2	1	1	NUM
cjfa-48749	77	3	.	.	PUNCT
cjfa-48749	77	4	research	research	NOUN
cjfa-48749	77	5	model	model	NOUN
cjfa-48749	77	6	ha8	ha8	NOUN
cjfa-48749	77	7	:	:	PUNCT
cjfa-48749	77	8	financial	financial	ADJ
cjfa-48749	77	9	reporting	reporting	NOUN
cjfa-48749	77	10	quality	quality	NOUN
cjfa-48749	77	11	(	(	PUNCT
cjfa-48749	77	12	em	em	PRON
cjfa-48749	77	13	)	)	PUNCT
cjfa-48749	77	14	is	be	AUX
cjfa-48749	77	15	positively	positively	ADV
cjfa-48749	77	16	associated	associate	VERB
cjfa-48749	77	17	with	with	ADP
cjfa-48749	77	18	firm	firm	ADJ
cjfa-48749	77	19	value	value	NOUN
cjfa-48749	77	20	(	(	PUNCT
cjfa-48749	77	21	mva	mva	NOUN
cjfa-48749	77	22	)	)	PUNCT
cjfa-48749	77	23	.	.	PUNCT
cjfa-48749	78	1	figure	figure	NOUN
cjfa-48749	78	2	1	1	NUM
cjfa-48749	78	3	.	.	PUNCT
cjfa-48749	78	4	research	research	NOUN
cjfa-48749	78	5	model	model	NOUN
cjfa-48749	78	6	source	source	NOUN
cjfa-48749	78	7	:	:	PUNCT
cjfa-48749	78	8	own	own	ADJ
cjfa-48749	78	9	study	study	NOUN
cjfa-48749	78	10	.	.	PUNCT
cjfa-48749	79	1	research	research	NOUN
cjfa-48749	79	2	methodology	methodology	NOUN
cjfa-48749	79	3	research	research	NOUN
cjfa-48749	79	4	object	object	VERB
cjfa-48749	79	5	the	the	DET
cjfa-48749	79	6	object	object	NOUN
cjfa-48749	79	7	utilized	utilize	VERB
cjfa-48749	79	8	in	in	ADP
cjfa-48749	79	9	this	this	DET
cjfa-48749	79	10	study	study	NOUN
cjfa-48749	79	11	comprises	comprise	VERB
cjfa-48749	79	12	the	the	DET
cjfa-48749	79	13	manufacturing	manufacturing	NOUN
cjfa-48749	79	14	firms	firm	NOUN
cjfa-48749	79	15	that	that	PRON
cjfa-48749	79	16	are	be	AUX
cjfa-48749	79	17	listed	list	VERB
cjfa-48749	79	18	on	on	ADP
cjfa-48749	79	19	the	the	DET
cjfa-48749	79	20	indonesia	indonesia	PROPN
cjfa-48749	79	21	stock	stock	PROPN
cjfa-48749	79	22	exchange	exchange	PROPN
cjfa-48749	79	23	(	(	PUNCT
cjfa-48749	79	24	idx	idx	PROPN
cjfa-48749	79	25	)	)	PUNCT
cjfa-48749	79	26	within	within	ADP
cjfa-48749	79	27	the	the	DET
cjfa-48749	79	28	period	period	NOUN
cjfa-48749	79	29	of	of	ADP
cjfa-48749	79	30	2018	2018	NUM
cjfa-48749	79	31	-	-	SYM
cjfa-48749	79	32	2021	2021	NUM
cjfa-48749	79	33	.	.	PUNCT
cjfa-48749	80	1	the	the	DET
cjfa-48749	80	2	research	research	NOUN
cjfa-48749	80	3	methodology	methodology	NOUN
cjfa-48749	80	4	employed	employ	VERB
cjfa-48749	80	5	in	in	ADP
cjfa-48749	80	6	this	this	DET
cjfa-48749	80	7	work	work	NOUN
cjfa-48749	80	8	is	be	AUX
cjfa-48749	80	9	a	a	DET
cjfa-48749	80	10	causal	causal	ADJ
cjfa-48749	80	11	study	study	NOUN
cjfa-48749	80	12	.	.	PUNCT
cjfa-48749	81	1	the	the	DET
cjfa-48749	81	2	study	study	NOUN
cjfa-48749	81	3	utilizes	utilize	VERB
cjfa-48749	81	4	secondary	secondary	ADJ
cjfa-48749	81	5	data	datum	NOUN
cjfa-48749	81	6	,	,	PUNCT
cjfa-48749	81	7	specifically	specifically	ADV
cjfa-48749	81	8	the	the	DET
cjfa-48749	81	9	financial	financial	ADJ
cjfa-48749	81	10	statements	statement	NOUN
cjfa-48749	81	11	of	of	ADP
cjfa-48749	81	12	selected	select	VERB
cjfa-48749	81	13	firms	firm	NOUN
cjfa-48749	81	14	.	.	PUNCT
cjfa-48749	82	1	the	the	DET
cjfa-48749	82	2	research	research	NOUN
cjfa-48749	82	3	sample	sample	NOUN
cjfa-48749	82	4	will	will	AUX
cjfa-48749	82	5	be	be	AUX
cjfa-48749	82	6	chosen	choose	VERB
cjfa-48749	82	7	by	by	ADP
cjfa-48749	82	8	a	a	DET
cjfa-48749	82	9	purposive	purposive	ADJ
cjfa-48749	82	10	sampling	sample	VERB
cjfa-48749	82	11	technique	technique	NOUN
cjfa-48749	82	12	.	.	PUNCT
cjfa-48749	83	1	dependent	dependent	ADJ
cjfa-48749	83	2	variable	variable	ADJ
cjfa-48749	83	3	firm	firm	NOUN
cjfa-48749	83	4	value	value	NOUN
cjfa-48749	83	5	refers	refer	VERB
cjfa-48749	83	6	to	to	ADP
cjfa-48749	83	7	the	the	DET
cjfa-48749	83	8	evaluation	evaluation	NOUN
cjfa-48749	83	9	or	or	CCONJ
cjfa-48749	83	10	appraisal	appraisal	NOUN
cjfa-48749	83	11	made	make	VERB
cjfa-48749	83	12	by	by	ADP
cjfa-48749	83	13	investors	investor	NOUN
cjfa-48749	83	14	regarding	regard	VERB
cjfa-48749	83	15	the	the	DET
cjfa-48749	83	16	company	company	NOUN
cjfa-48749	83	17	's	's	PART
cjfa-48749	83	18	proficiency	proficiency	NOUN
cjfa-48749	83	19	in	in	ADP
cjfa-48749	83	20	effectively	effectively	ADV
cjfa-48749	83	21	utilizing	utilize	VERB
cjfa-48749	83	22	its	its	PRON
cjfa-48749	83	23	resources	resource	NOUN
cjfa-48749	83	24	.	.	PUNCT
cjfa-48749	84	1	in	in	ADP
cjfa-48749	84	2	this	this	DET
cjfa-48749	84	3	study	study	NOUN
cjfa-48749	84	4	,	,	PUNCT
cjfa-48749	84	5	firm	firm	ADJ
cjfa-48749	84	6	value	value	NOUN
cjfa-48749	84	7	is	be	AUX
cjfa-48749	84	8	measured	measure	VERB
cjfa-48749	84	9	using	use	VERB
cjfa-48749	84	10	four	four	NUM
cjfa-48749	84	11	proxies	proxy	NOUN
cjfa-48749	84	12	.	.	PUNCT
cjfa-48749	85	1	the	the	DET
cjfa-48749	85	2	first	first	ADJ
cjfa-48749	85	3	proxy	proxy	NOUN
cjfa-48749	85	4	is	be	AUX
cjfa-48749	85	5	share	share	NOUN
cjfa-48749	85	6	price	price	NOUN
cjfa-48749	85	7	.	.	PUNCT
cjfa-48749	86	1	according	accord	VERB
cjfa-48749	86	2	to	to	ADP
cjfa-48749	86	3	(	(	PUNCT
cjfa-48749	86	4	regina	regina	PROPN
cjfa-48749	86	5	&	&	CCONJ
cjfa-48749	86	6	harjanto	harjanto	PROPN
cjfa-48749	86	7	,	,	PUNCT
cjfa-48749	86	8	2022	2022	NUM
cjfa-48749	86	9	)	)	PUNCT
cjfa-48749	86	10	,	,	PUNCT
cjfa-48749	86	11	share	share	NOUN
cjfa-48749	86	12	price	price	NOUN
cjfa-48749	86	13	is	be	AUX
cjfa-48749	86	14	calculated	calculate	VERB
cjfa-48749	86	15	as	as	ADP
cjfa-48749	86	16	the	the	DET
cjfa-48749	86	17	average	average	NOUN
cjfa-48749	86	18	of	of	ADP
cjfa-48749	86	19	daily	daily	ADJ
cjfa-48749	86	20	closing	closing	NOUN
cjfa-48749	86	21	price	price	NOUN
cjfa-48749	86	22	of	of	ADP
cjfa-48749	86	23	a	a	DET
cjfa-48749	86	24	company	company	NOUN
cjfa-48749	86	25	in	in	ADP
cjfa-48749	86	26	a	a	DET
cjfa-48749	86	27	year	year	NOUN
cjfa-48749	86	28	the	the	DET
cjfa-48749	86	29	second	second	ADJ
cjfa-48749	86	30	proxy	proxy	NOUN
cjfa-48749	86	31	is	be	AUX
cjfa-48749	86	32	price	price	NOUN
cjfa-48749	86	33	to	to	ADP
cjfa-48749	86	34	book	book	NOUN
cjfa-48749	86	35	value	value	NOUN
cjfa-48749	86	36	(	(	PUNCT
cjfa-48749	86	37	pbv	pbv	ADJ
cjfa-48749	86	38	)	)	PUNCT
cjfa-48749	86	39	.	.	PUNCT
cjfa-48749	87	1	according	accord	VERB
cjfa-48749	87	2	to	to	ADP
cjfa-48749	87	3	hery	hery	NOUN
cjfa-48749	87	4	(	(	PUNCT
cjfa-48749	87	5	2016	2016	NUM
cjfa-48749	87	6	)	)	PUNCT
cjfa-48749	87	7	pbv	pbv	VERB
cjfa-48749	87	8	can	can	AUX
cjfa-48749	87	9	be	be	AUX
cjfa-48749	87	10	formulated	formulate	VERB
cjfa-48749	87	11	as	as	SCONJ
cjfa-48749	87	12	follows	follow	VERB
cjfa-48749	87	13	:	:	PUNCT
cjfa-48749	87	14	𝑃𝑃𝑃𝑃𝑃𝑃𝑃𝑃𝑃𝑃	𝑃𝑃𝑃𝑃𝑃𝑃𝑃𝑃𝑃𝑃	PROPN
cjfa-48749	87	15	𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡	NOUN
cjfa-48749	87	16	𝐵𝐵𝑡𝑡𝑡𝑡𝐵𝐵	𝐵𝐵𝑡𝑡𝑡𝑡𝐵𝐵	PROPN
cjfa-48749	87	17	�	�	PROPN
cjfa-48749	87	18	�	�	PROPN
cjfa-48749	87	19	�	�	PROPN
cjfa-48749	87	20	�	�	PROPN
cjfa-48749	88	1	𝑃𝑃	𝑃𝑃	PROPN
cjfa-48749	88	2	�	�	PROPN
cjfa-48749	88	3	�	�	PROPN
cjfa-48749	88	4	�	�	PROPN
cjfa-48749	88	5	�	�	PROPN
cjfa-48749	88	6	�	�	PROPN
cjfa-48749	88	7	�	�	PROPN
cjfa-48749	88	8	�	�	PROPN
cjfa-48749	88	9	�	�	PROPN
cjfa-48749	88	10	�	�	PROPN
cjfa-48749	88	11	�	�	PROPN
cjfa-48749	88	12	�	�	PROPN
cjfa-48749	88	13	�	�	PROPN
cjfa-48749	88	14	�	�	PROPN
cjfa-48749	88	15	�	�	PROPN
cjfa-48749	88	16	�	�	PROPN
cjfa-48749	88	17	�	�	PROPN
cjfa-48749	88	18	�	�	PROPN
cjfa-48749	88	19	�	�	PROPN
cjfa-48749	88	20	�	�	PROPN
cjfa-48749	88	21	�	�	PROPN
cjfa-48749	88	22	�	�	PROPN
cjfa-48749	88	23	�	�	PROPN
cjfa-48749	88	24	�	�	PROPN
cjfa-48749	88	25	�	�	PROPN
cjfa-48749	88	26	�	�	PROPN
cjfa-48749	88	27	�	�	PROPN
cjfa-48749	88	28	�	�	PROPN
cjfa-48749	88	29	�	�	PROPN
cjfa-48749	88	30	(	(	PUNCT
cjfa-48749	88	31	1	1	NUM
cjfa-48749	88	32	)	)	PUNCT
cjfa-48749	88	33	share	share	NOUN
cjfa-48749	88	34	price	price	NOUN
cjfa-48749	88	35	:	:	PUNCT
cjfa-48749	88	36	the	the	DET
cjfa-48749	88	37	average	average	NOUN
cjfa-48749	88	38	of	of	ADP
cjfa-48749	88	39	daily	daily	ADJ
cjfa-48749	88	40	closing	closing	NOUN
cjfa-48749	88	41	price	price	NOUN
cjfa-48749	88	42	of	of	ADP
cjfa-48749	88	43	a	a	DET
cjfa-48749	88	44	company	company	NOUN
cjfa-48749	88	45	in	in	ADP
cjfa-48749	88	46	a	a	DET
cjfa-48749	88	47	year	year	NOUN
cjfa-48749	88	48	book	book	NOUN
cjfa-48749	88	49	value	value	NOUN
cjfa-48749	88	50	per	per	ADP
cjfa-48749	88	51	share	share	NOUN
cjfa-48749	88	52	:	:	PUNCT
cjfa-48749	88	53	total	total	ADJ
cjfa-48749	88	54	shareholders	shareholder	NOUN
cjfa-48749	88	55	’	'	PUNCT
cjfa-48749	88	56	equity	equity	NOUN
cjfa-48749	88	57	divided	divide	VERB
cjfa-48749	88	58	by	by	ADP
cjfa-48749	88	59	number	number	NOUN
cjfa-48749	88	60	of	of	ADP
cjfa-48749	88	61	outstanding	outstanding	ADJ
cjfa-48749	88	62	shares	share	NOUN
cjfa-48749	88	63	.	.	PUNCT
cjfa-48749	89	1	the	the	DET
cjfa-48749	89	2	third	third	ADJ
cjfa-48749	89	3	proxy	proxy	NOUN
cjfa-48749	89	4	is	be	AUX
cjfa-48749	89	5	tobin	tobin	PROPN
cjfa-48749	89	6	’s	’s	PART
cjfa-48749	89	7	q.	q.	PROPN
cjfa-48749	89	8	following	following	PROPN
cjfa-48749	89	9	(	(	PUNCT
cjfa-48749	89	10	latif	latif	PROPN
cjfa-48749	89	11	,	,	PUNCT
cjfa-48749	89	12	bhatti	bhatti	PROPN
cjfa-48749	89	13	&	&	CCONJ
cjfa-48749	89	14	raheman	raheman	NOUN
cjfa-48749	89	15	,	,	PUNCT
cjfa-48749	89	16	2017	2017	NUM
cjfa-48749	89	17	)	)	PUNCT
cjfa-48749	89	18	,	,	PUNCT
cjfa-48749	89	19	tobin	tobin	PROPN
cjfa-48749	89	20	’s	’s	PART
cjfa-48749	89	21	q	q	NOUN
cjfa-48749	89	22	is	be	AUX
cjfa-48749	89	23	measured	measure	VERB
cjfa-48749	89	24	as	as	SCONJ
cjfa-48749	89	25	follows	follow	VERB
cjfa-48749	89	26	:	:	PUNCT
cjfa-48749	89	27	accrual	accrual	ADJ
cjfa-48749	89	28	quality	quality	NOUN
cjfa-48749	89	29	(	(	PUNCT
cjfa-48749	89	30	aq	aq	NOUN
cjfa-48749	89	31	)	)	PUNCT
cjfa-48749	89	32	earnings	earning	NOUN
cjfa-48749	89	33	management	management	NOUN
cjfa-48749	89	34	(	(	PUNCT
cjfa-48749	89	35	em	em	NOUN
cjfa-48749	89	36	)	)	PUNCT
cjfa-48749	89	37	firm	firm	ADJ
cjfa-48749	89	38	value	value	NOUN
cjfa-48749	89	39	(	(	PUNCT
cjfa-48749	89	40	share	share	NOUN
cjfa-48749	89	41	price	price	NOUN
cjfa-48749	89	42	)	)	PUNCT
cjfa-48749	89	43	size	size	NOUN
cjfa-48749	89	44	(	(	PUNCT
cjfa-48749	89	45	size	size	NOUN
cjfa-48749	89	46	)	)	PUNCT
cjfa-48749	89	47	(	(	PUNCT
cjfa-48749	89	48	pbv	pbv	VERB
cjfa-48749	89	49	)	)	PUNCT
cjfa-48749	89	50	(	(	PUNCT
cjfa-48749	89	51	tobin	tobin	NOUN
cjfa-48749	89	52	's	's	PART
cjfa-48749	89	53	q	q	NOUN
cjfa-48749	89	54	)	)	PUNCT
cjfa-48749	89	55	profitability	profitability	NOUN
cjfa-48749	89	56	(	(	PUNCT
cjfa-48749	89	57	roa	roa	NOUN
cjfa-48749	89	58	)	)	PUNCT
cjfa-48749	89	59	(	(	PUNCT
cjfa-48749	89	60	mva	mva	NOUN
cjfa-48749	89	61	)	)	PUNCT
cjfa-48749	89	62	debt	debt	NOUN
cjfa-48749	89	63	structure	structure	NOUN
cjfa-48749	89	64	(	(	PUNCT
cjfa-48749	89	65	der	der	NOUN
cjfa-48749	89	66	)	)	PUNCT
cjfa-48749	89	67	s	s	PART
cjfa-48749	89	68	o	o	NOUN
cjfa-48749	89	69	u	u	NOUN
cjfa-48749	89	70	r	r	NOUN
cjfa-48749	89	71	c	c	NOUN
cjfa-48749	89	72	e	e	NOUN
cjfa-48749	89	73	:	:	PUNCT
cjfa-48749	89	74	own	own	ADJ
cjfa-48749	89	75	study	study	NOUN
cjfa-48749	89	76	.	.	PUNCT
cjfa-48749	90	1	research	research	NOUN
cjfa-48749	90	2	methodologyresearch	methodologyresearch	NOUN
cjfa-48749	90	3	methodology	methodology	NOUN
cjfa-48749	90	4	research	research	NOUN
cjfa-48749	90	5	objectresearch	objectresearch	NOUN
cjfa-48749	90	6	object	object	VERB
cjfa-48749	90	7	the	the	DET
cjfa-48749	90	8	object	object	NOUN
cjfa-48749	90	9	utilized	utilize	VERB
cjfa-48749	90	10	in	in	ADP
cjfa-48749	90	11	this	this	DET
cjfa-48749	90	12	study	study	NOUN
cjfa-48749	90	13	comprises	comprise	VERB
cjfa-48749	90	14	the	the	DET
cjfa-48749	90	15	manufacturing	manufacturing	NOUN
cjfa-48749	90	16	firms	firm	NOUN
cjfa-48749	90	17	that	that	PRON
cjfa-48749	90	18	are	be	AUX
cjfa-48749	90	19	listed	list	VERB
cjfa-48749	90	20	on	on	ADP
cjfa-48749	90	21	the	the	DET
cjfa-48749	90	22	indonesia	indonesia	PROPN
cjfa-48749	90	23	stock	stock	PROPN
cjfa-48749	90	24	exchange	exchange	PROPN
cjfa-48749	90	25	(	(	PUNCT
cjfa-48749	90	26	idx	idx	PROPN
cjfa-48749	90	27	)	)	PUNCT
cjfa-48749	90	28	within	within	ADP
cjfa-48749	90	29	the	the	DET
cjfa-48749	90	30	period	period	NOUN
cjfa-48749	90	31	of	of	ADP
cjfa-48749	90	32	2018	2018	NUM
cjfa-48749	90	33	-	-	SYM
cjfa-48749	90	34	2021	2021	NUM
cjfa-48749	90	35	.	.	PUNCT
cjfa-48749	91	1	the	the	DET
cjfa-48749	91	2	research	research	NOUN
cjfa-48749	91	3	methodology	methodology	NOUN
cjfa-48749	91	4	employed	employ	VERB
cjfa-48749	91	5	in	in	ADP
cjfa-48749	91	6	this	this	DET
cjfa-48749	91	7	work	work	NOUN
cjfa-48749	91	8	is	be	AUX
cjfa-48749	91	9	a	a	DET
cjfa-48749	91	10	causal	causal	ADJ
cjfa-48749	91	11	study	study	NOUN
cjfa-48749	91	12	.	.	PUNCT
cjfa-48749	92	1	the	the	DET
cjfa-48749	92	2	study	study	NOUN
cjfa-48749	92	3	utilizes	utilize	VERB
cjfa-48749	92	4	secondary	secondary	ADJ
cjfa-48749	92	5	data	datum	NOUN
cjfa-48749	92	6	,	,	PUNCT
cjfa-48749	92	7	specifically	specifically	ADV
cjfa-48749	92	8	the	the	DET
cjfa-48749	92	9	financial	financial	ADJ
cjfa-48749	92	10	statements	statement	NOUN
cjfa-48749	92	11	of	of	ADP
cjfa-48749	92	12	selected	select	VERB
cjfa-48749	92	13	firms	firm	NOUN
cjfa-48749	92	14	.	.	PUNCT
cjfa-48749	93	1	the	the	DET
cjfa-48749	93	2	research	research	NOUN
cjfa-48749	93	3	sample	sample	NOUN
cjfa-48749	93	4	will	will	AUX
cjfa-48749	93	5	be	be	AUX
cjfa-48749	93	6	chosen	choose	VERB
cjfa-48749	93	7	by	by	ADP
cjfa-48749	93	8	a	a	DET
cjfa-48749	93	9	purposive	purposive	ADJ
cjfa-48749	93	10	sampling	sample	VERB
cjfa-48749	93	11	technique	technique	NOUN
cjfa-48749	93	12	.	.	PUNCT
cjfa-48749	94	1	karina	karina	PROPN
cjfa-48749	94	2	harjanto3232	harjanto3232	PROPN
cjfa-48749	94	3	dependent	dependent	ADJ
cjfa-48749	94	4	variable	variable	ADJ
cjfa-48749	94	5	dependent	dependent	ADJ
cjfa-48749	94	6	variable	variable	ADJ
cjfa-48749	94	7	firm	firm	NOUN
cjfa-48749	94	8	value	value	NOUN
cjfa-48749	94	9	refers	refer	VERB
cjfa-48749	94	10	to	to	ADP
cjfa-48749	94	11	the	the	DET
cjfa-48749	94	12	evaluation	evaluation	NOUN
cjfa-48749	94	13	or	or	CCONJ
cjfa-48749	94	14	appraisal	appraisal	NOUN
cjfa-48749	94	15	made	make	VERB
cjfa-48749	94	16	by	by	ADP
cjfa-48749	94	17	investors	investor	NOUN
cjfa-48749	94	18	regarding	regard	VERB
cjfa-48749	94	19	the	the	DET
cjfa-48749	94	20	company	company	NOUN
cjfa-48749	94	21	’s	’s	PART
cjfa-48749	94	22	proficiency	proficiency	NOUN
cjfa-48749	94	23	in	in	ADP
cjfa-48749	94	24	effectively	effectively	ADV
cjfa-48749	94	25	utilizing	utilize	VERB
cjfa-48749	94	26	its	its	PRON
cjfa-48749	94	27	resources	resource	NOUN
cjfa-48749	94	28	.	.	PUNCT
cjfa-48749	95	1	in	in	ADP
cjfa-48749	95	2	this	this	DET
cjfa-48749	95	3	study	study	NOUN
cjfa-48749	95	4	,	,	PUNCT
cjfa-48749	95	5	firm	firm	ADJ
cjfa-48749	95	6	value	value	NOUN
cjfa-48749	95	7	is	be	AUX
cjfa-48749	95	8	measured	measure	VERB
cjfa-48749	95	9	using	use	VERB
cjfa-48749	95	10	four	four	NUM
cjfa-48749	95	11	proxies	proxy	NOUN
cjfa-48749	95	12	.	.	PUNCT
cjfa-48749	96	1	the	the	DET
cjfa-48749	96	2	first	first	ADJ
cjfa-48749	96	3	proxy	proxy	NOUN
cjfa-48749	96	4	is	be	AUX
cjfa-48749	96	5	share	share	NOUN
cjfa-48749	96	6	price	price	NOUN
cjfa-48749	96	7	.	.	PUNCT
cjfa-48749	97	1	according	accord	VERB
cjfa-48749	97	2	to	to	ADP
cjfa-48749	97	3	(	(	PUNCT
cjfa-48749	97	4	regina	regina	PROPN
cjfa-48749	97	5	&	&	CCONJ
cjfa-48749	97	6	harjanto	harjanto	PROPN
cjfa-48749	97	7	,	,	PUNCT
cjfa-48749	97	8	2022	2022	NUM
cjfa-48749	97	9	)	)	PUNCT
cjfa-48749	97	10	,	,	PUNCT
cjfa-48749	97	11	share	share	NOUN
cjfa-48749	97	12	price	price	NOUN
cjfa-48749	97	13	is	be	AUX
cjfa-48749	97	14	calculated	calculate	VERB
cjfa-48749	97	15	as	as	ADP
cjfa-48749	97	16	the	the	DET
cjfa-48749	97	17	average	average	NOUN
cjfa-48749	97	18	of	of	ADP
cjfa-48749	97	19	daily	daily	ADJ
cjfa-48749	97	20	closing	closing	NOUN
cjfa-48749	97	21	price	price	NOUN
cjfa-48749	97	22	of	of	ADP
cjfa-48749	97	23	a	a	DET
cjfa-48749	97	24	company	company	NOUN
cjfa-48749	97	25	in	in	ADP
cjfa-48749	97	26	a	a	DET
cjfa-48749	97	27	year	year	NOUN
cjfa-48749	97	28	.	.	PUNCT
cjfa-48749	98	1	the	the	DET
cjfa-48749	98	2	second	second	ADJ
cjfa-48749	98	3	proxy	proxy	NOUN
cjfa-48749	98	4	is	be	AUX
cjfa-48749	98	5	price	price	NOUN
cjfa-48749	98	6	to	to	ADP
cjfa-48749	98	7	book	book	NOUN
cjfa-48749	98	8	value	value	NOUN
cjfa-48749	98	9	(	(	PUNCT
cjfa-48749	98	10	pbv	pbv	ADJ
cjfa-48749	98	11	)	)	PUNCT
cjfa-48749	98	12	.	.	PUNCT
cjfa-48749	99	1	according	accord	VERB
cjfa-48749	99	2	to	to	ADP
cjfa-48749	99	3	hery	hery	NOUN
cjfa-48749	99	4	(	(	PUNCT
cjfa-48749	99	5	2016	2016	NUM
cjfa-48749	99	6	)	)	PUNCT
cjfa-48749	99	7	pbv	pbv	VERB
cjfa-48749	99	8	can	can	AUX
cjfa-48749	99	9	be	be	AUX
cjfa-48749	99	10	formulated	formulate	VERB
cjfa-48749	99	11	as	as	SCONJ
cjfa-48749	99	12	follows	follow	VERB
cjfa-48749	99	13	:	:	PUNCT
cjfa-48749	99	14	ha8	ha8	NOUN
cjfa-48749	99	15	:	:	PUNCT
cjfa-48749	99	16	financial	financial	ADJ
cjfa-48749	99	17	reporting	reporting	NOUN
cjfa-48749	99	18	quality	quality	NOUN
cjfa-48749	99	19	(	(	PUNCT
cjfa-48749	99	20	em	em	PRON
cjfa-48749	99	21	)	)	PUNCT
cjfa-48749	99	22	is	be	AUX
cjfa-48749	99	23	positively	positively	ADV
cjfa-48749	99	24	associated	associate	VERB
cjfa-48749	99	25	with	with	ADP
cjfa-48749	99	26	firm	firm	ADJ
cjfa-48749	99	27	value	value	NOUN
cjfa-48749	99	28	(	(	PUNCT
cjfa-48749	99	29	mva	mva	NOUN
cjfa-48749	99	30	)	)	PUNCT
cjfa-48749	99	31	.	.	PUNCT
cjfa-48749	100	1	figure	figure	NOUN
cjfa-48749	100	2	1	1	NUM
cjfa-48749	100	3	.	.	PUNCT
cjfa-48749	100	4	research	research	NOUN
cjfa-48749	100	5	model	model	NOUN
cjfa-48749	100	6	source	source	NOUN
cjfa-48749	100	7	:	:	PUNCT
cjfa-48749	100	8	own	own	ADJ
cjfa-48749	100	9	study	study	NOUN
cjfa-48749	100	10	.	.	PUNCT
cjfa-48749	101	1	research	research	NOUN
cjfa-48749	101	2	methodology	methodology	NOUN
cjfa-48749	101	3	research	research	NOUN
cjfa-48749	101	4	object	object	VERB
cjfa-48749	101	5	the	the	DET
cjfa-48749	101	6	object	object	NOUN
cjfa-48749	101	7	utilized	utilize	VERB
cjfa-48749	101	8	in	in	ADP
cjfa-48749	101	9	this	this	DET
cjfa-48749	101	10	study	study	NOUN
cjfa-48749	101	11	comprises	comprise	VERB
cjfa-48749	101	12	the	the	DET
cjfa-48749	101	13	manufacturing	manufacturing	NOUN
cjfa-48749	101	14	firms	firm	NOUN
cjfa-48749	101	15	that	that	PRON
cjfa-48749	101	16	are	be	AUX
cjfa-48749	101	17	listed	list	VERB
cjfa-48749	101	18	on	on	ADP
cjfa-48749	101	19	the	the	DET
cjfa-48749	101	20	indonesia	indonesia	PROPN
cjfa-48749	101	21	stock	stock	PROPN
cjfa-48749	101	22	exchange	exchange	PROPN
cjfa-48749	101	23	(	(	PUNCT
cjfa-48749	101	24	idx	idx	PROPN
cjfa-48749	101	25	)	)	PUNCT
cjfa-48749	101	26	within	within	ADP
cjfa-48749	101	27	the	the	DET
cjfa-48749	101	28	period	period	NOUN
cjfa-48749	101	29	of	of	ADP
cjfa-48749	101	30	2018	2018	NUM
cjfa-48749	101	31	-	-	SYM
cjfa-48749	101	32	2021	2021	NUM
cjfa-48749	101	33	.	.	PUNCT
cjfa-48749	102	1	the	the	DET
cjfa-48749	102	2	research	research	NOUN
cjfa-48749	102	3	methodology	methodology	NOUN
cjfa-48749	102	4	employed	employ	VERB
cjfa-48749	102	5	in	in	ADP
cjfa-48749	102	6	this	this	DET
cjfa-48749	102	7	work	work	NOUN
cjfa-48749	102	8	is	be	AUX
cjfa-48749	102	9	a	a	DET
cjfa-48749	102	10	causal	causal	ADJ
cjfa-48749	102	11	study	study	NOUN
cjfa-48749	102	12	.	.	PUNCT
cjfa-48749	103	1	the	the	DET
cjfa-48749	103	2	study	study	NOUN
cjfa-48749	103	3	utilizes	utilize	VERB
cjfa-48749	103	4	secondary	secondary	ADJ
cjfa-48749	103	5	data	datum	NOUN
cjfa-48749	103	6	,	,	PUNCT
cjfa-48749	103	7	specifically	specifically	ADV
cjfa-48749	103	8	the	the	DET
cjfa-48749	103	9	financial	financial	ADJ
cjfa-48749	103	10	statements	statement	NOUN
cjfa-48749	103	11	of	of	ADP
cjfa-48749	103	12	selected	select	VERB
cjfa-48749	103	13	firms	firm	NOUN
cjfa-48749	103	14	.	.	PUNCT
cjfa-48749	104	1	the	the	DET
cjfa-48749	104	2	research	research	NOUN
cjfa-48749	104	3	sample	sample	NOUN
cjfa-48749	104	4	will	will	AUX
cjfa-48749	104	5	be	be	AUX
cjfa-48749	104	6	chosen	choose	VERB
cjfa-48749	104	7	by	by	ADP
cjfa-48749	104	8	a	a	DET
cjfa-48749	104	9	purposive	purposive	ADJ
cjfa-48749	104	10	sampling	sample	VERB
cjfa-48749	104	11	technique	technique	NOUN
cjfa-48749	104	12	.	.	PUNCT
cjfa-48749	105	1	dependent	dependent	ADJ
cjfa-48749	105	2	variable	variable	ADJ
cjfa-48749	105	3	firm	firm	NOUN
cjfa-48749	105	4	value	value	NOUN
cjfa-48749	105	5	refers	refer	VERB
cjfa-48749	105	6	to	to	ADP
cjfa-48749	105	7	the	the	DET
cjfa-48749	105	8	evaluation	evaluation	NOUN
cjfa-48749	105	9	or	or	CCONJ
cjfa-48749	105	10	appraisal	appraisal	NOUN
cjfa-48749	105	11	made	make	VERB
cjfa-48749	105	12	by	by	ADP
cjfa-48749	105	13	investors	investor	NOUN
cjfa-48749	105	14	regarding	regard	VERB
cjfa-48749	105	15	the	the	DET
cjfa-48749	105	16	company	company	NOUN
cjfa-48749	105	17	's	's	PART
cjfa-48749	105	18	proficiency	proficiency	NOUN
cjfa-48749	105	19	in	in	ADP
cjfa-48749	105	20	effectively	effectively	ADV
cjfa-48749	105	21	utilizing	utilize	VERB
cjfa-48749	105	22	its	its	PRON
cjfa-48749	105	23	resources	resource	NOUN
cjfa-48749	105	24	.	.	PUNCT
cjfa-48749	106	1	in	in	ADP
cjfa-48749	106	2	this	this	DET
cjfa-48749	106	3	study	study	NOUN
cjfa-48749	106	4	,	,	PUNCT
cjfa-48749	106	5	firm	firm	ADJ
cjfa-48749	106	6	value	value	NOUN
cjfa-48749	106	7	is	be	AUX
cjfa-48749	106	8	measured	measure	VERB
cjfa-48749	106	9	using	use	VERB
cjfa-48749	106	10	four	four	NUM
cjfa-48749	106	11	proxies	proxy	NOUN
cjfa-48749	106	12	.	.	PUNCT
cjfa-48749	107	1	the	the	DET
cjfa-48749	107	2	first	first	ADJ
cjfa-48749	107	3	proxy	proxy	NOUN
cjfa-48749	107	4	is	be	AUX
cjfa-48749	107	5	share	share	NOUN
cjfa-48749	107	6	price	price	NOUN
cjfa-48749	107	7	.	.	PUNCT
cjfa-48749	108	1	according	accord	VERB
cjfa-48749	108	2	to	to	ADP
cjfa-48749	108	3	(	(	PUNCT
cjfa-48749	108	4	regina	regina	PROPN
cjfa-48749	108	5	&	&	CCONJ
cjfa-48749	108	6	harjanto	harjanto	PROPN
cjfa-48749	108	7	,	,	PUNCT
cjfa-48749	108	8	2022	2022	NUM
cjfa-48749	108	9	)	)	PUNCT
cjfa-48749	108	10	,	,	PUNCT
cjfa-48749	108	11	share	share	NOUN
cjfa-48749	108	12	price	price	NOUN
cjfa-48749	108	13	is	be	AUX
cjfa-48749	108	14	calculated	calculate	VERB
cjfa-48749	108	15	as	as	ADP
cjfa-48749	108	16	the	the	DET
cjfa-48749	108	17	average	average	NOUN
cjfa-48749	108	18	of	of	ADP
cjfa-48749	108	19	daily	daily	ADJ
cjfa-48749	108	20	closing	closing	NOUN
cjfa-48749	108	21	price	price	NOUN
cjfa-48749	108	22	of	of	ADP
cjfa-48749	108	23	a	a	DET
cjfa-48749	108	24	company	company	NOUN
cjfa-48749	108	25	in	in	ADP
cjfa-48749	108	26	a	a	DET
cjfa-48749	108	27	year	year	NOUN
cjfa-48749	108	28	the	the	DET
cjfa-48749	108	29	second	second	ADJ
cjfa-48749	108	30	proxy	proxy	NOUN
cjfa-48749	108	31	is	be	AUX
cjfa-48749	108	32	price	price	NOUN
cjfa-48749	108	33	to	to	ADP
cjfa-48749	108	34	book	book	NOUN
cjfa-48749	108	35	value	value	NOUN
cjfa-48749	108	36	(	(	PUNCT
cjfa-48749	108	37	pbv	pbv	ADJ
cjfa-48749	108	38	)	)	PUNCT
cjfa-48749	108	39	.	.	PUNCT
cjfa-48749	109	1	according	accord	VERB
cjfa-48749	109	2	to	to	ADP
cjfa-48749	109	3	hery	hery	NOUN
cjfa-48749	109	4	(	(	PUNCT
cjfa-48749	109	5	2016	2016	NUM
cjfa-48749	109	6	)	)	PUNCT
cjfa-48749	109	7	pbv	pbv	VERB
cjfa-48749	109	8	can	can	AUX
cjfa-48749	109	9	be	be	AUX
cjfa-48749	109	10	formulated	formulate	VERB
cjfa-48749	109	11	as	as	SCONJ
cjfa-48749	109	12	follows	follow	VERB
cjfa-48749	109	13	:	:	PUNCT
cjfa-48749	109	14	𝑃𝑃𝑃𝑃𝑃𝑃𝑃𝑃𝑃𝑃	𝑃𝑃𝑃𝑃𝑃𝑃𝑃𝑃𝑃𝑃	PROPN
cjfa-48749	109	15	𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡	NOUN
cjfa-48749	109	16	𝐵𝐵𝑡𝑡𝑡𝑡𝐵𝐵	𝐵𝐵𝑡𝑡𝑡𝑡𝐵𝐵	PROPN
cjfa-48749	109	17	�	�	PROPN
cjfa-48749	109	18	�	�	PROPN
cjfa-48749	109	19	�	�	PROPN
cjfa-48749	109	20	�	�	PROPN
cjfa-48749	110	1	𝑃𝑃	𝑃𝑃	PROPN
cjfa-48749	110	2	�	�	PROPN
cjfa-48749	110	3	�	�	PROPN
cjfa-48749	110	4	�	�	PROPN
cjfa-48749	110	5	�	�	PROPN
cjfa-48749	110	6	�	�	PROPN
cjfa-48749	110	7	�	�	PROPN
cjfa-48749	110	8	�	�	PROPN
cjfa-48749	110	9	�	�	PROPN
cjfa-48749	110	10	�	�	PROPN
cjfa-48749	110	11	�	�	PROPN
cjfa-48749	110	12	�	�	PROPN
cjfa-48749	110	13	�	�	PROPN
cjfa-48749	110	14	�	�	PROPN
cjfa-48749	110	15	�	�	PROPN
cjfa-48749	110	16	�	�	PROPN
cjfa-48749	110	17	�	�	PROPN
cjfa-48749	110	18	�	�	PROPN
cjfa-48749	110	19	�	�	PROPN
cjfa-48749	110	20	�	�	PROPN
cjfa-48749	110	21	�	�	PROPN
cjfa-48749	110	22	�	�	PROPN
cjfa-48749	110	23	�	�	PROPN
cjfa-48749	110	24	�	�	PROPN
cjfa-48749	110	25	�	�	PROPN
cjfa-48749	110	26	�	�	PROPN
cjfa-48749	110	27	�	�	PROPN
cjfa-48749	110	28	�	�	PROPN
cjfa-48749	110	29	�	�	PROPN
cjfa-48749	110	30	(	(	PUNCT
cjfa-48749	110	31	1	1	NUM
cjfa-48749	110	32	)	)	PUNCT
cjfa-48749	110	33	share	share	NOUN
cjfa-48749	110	34	price	price	NOUN
cjfa-48749	110	35	:	:	PUNCT
cjfa-48749	110	36	the	the	DET
cjfa-48749	110	37	average	average	NOUN
cjfa-48749	110	38	of	of	ADP
cjfa-48749	110	39	daily	daily	ADJ
cjfa-48749	110	40	closing	closing	NOUN
cjfa-48749	110	41	price	price	NOUN
cjfa-48749	110	42	of	of	ADP
cjfa-48749	110	43	a	a	DET
cjfa-48749	110	44	company	company	NOUN
cjfa-48749	110	45	in	in	ADP
cjfa-48749	110	46	a	a	DET
cjfa-48749	110	47	year	year	NOUN
cjfa-48749	110	48	book	book	NOUN
cjfa-48749	110	49	value	value	NOUN
cjfa-48749	110	50	per	per	ADP
cjfa-48749	110	51	share	share	NOUN
cjfa-48749	110	52	:	:	PUNCT
cjfa-48749	110	53	total	total	ADJ
cjfa-48749	110	54	shareholders	shareholder	NOUN
cjfa-48749	110	55	’	'	PUNCT
cjfa-48749	110	56	equity	equity	NOUN
cjfa-48749	110	57	divided	divide	VERB
cjfa-48749	110	58	by	by	ADP
cjfa-48749	110	59	number	number	NOUN
cjfa-48749	110	60	of	of	ADP
cjfa-48749	110	61	outstanding	outstanding	ADJ
cjfa-48749	110	62	shares	share	NOUN
cjfa-48749	110	63	.	.	PUNCT
cjfa-48749	111	1	the	the	DET
cjfa-48749	111	2	third	third	ADJ
cjfa-48749	111	3	proxy	proxy	NOUN
cjfa-48749	111	4	is	be	AUX
cjfa-48749	111	5	tobin	tobin	PROPN
cjfa-48749	111	6	’s	’s	PART
cjfa-48749	111	7	q.	q.	PROPN
cjfa-48749	111	8	following	following	PROPN
cjfa-48749	111	9	(	(	PUNCT
cjfa-48749	111	10	latif	latif	PROPN
cjfa-48749	111	11	,	,	PUNCT
cjfa-48749	111	12	bhatti	bhatti	PROPN
cjfa-48749	111	13	&	&	CCONJ
cjfa-48749	111	14	raheman	raheman	NOUN
cjfa-48749	111	15	,	,	PUNCT
cjfa-48749	111	16	2017	2017	NUM
cjfa-48749	111	17	)	)	PUNCT
cjfa-48749	111	18	,	,	PUNCT
cjfa-48749	111	19	tobin	tobin	PROPN
cjfa-48749	111	20	’s	’s	PART
cjfa-48749	111	21	q	q	NOUN
cjfa-48749	111	22	is	be	AUX
cjfa-48749	111	23	measured	measure	VERB
cjfa-48749	111	24	as	as	SCONJ
cjfa-48749	111	25	follows	follow	VERB
cjfa-48749	111	26	:	:	PUNCT
cjfa-48749	111	27	accrual	accrual	ADJ
cjfa-48749	111	28	quality	quality	NOUN
cjfa-48749	111	29	(	(	PUNCT
cjfa-48749	111	30	aq	aq	NOUN
cjfa-48749	111	31	)	)	PUNCT
cjfa-48749	111	32	earnings	earning	NOUN
cjfa-48749	111	33	management	management	NOUN
cjfa-48749	111	34	(	(	PUNCT
cjfa-48749	111	35	em	em	NOUN
cjfa-48749	111	36	)	)	PUNCT
cjfa-48749	111	37	firm	firm	ADJ
cjfa-48749	111	38	value	value	NOUN
cjfa-48749	111	39	(	(	PUNCT
cjfa-48749	111	40	share	share	NOUN
cjfa-48749	111	41	price	price	NOUN
cjfa-48749	111	42	)	)	PUNCT
cjfa-48749	111	43	size	size	NOUN
cjfa-48749	111	44	(	(	PUNCT
cjfa-48749	111	45	size	size	NOUN
cjfa-48749	111	46	)	)	PUNCT
cjfa-48749	111	47	(	(	PUNCT
cjfa-48749	111	48	pbv	pbv	VERB
cjfa-48749	111	49	)	)	PUNCT
cjfa-48749	111	50	(	(	PUNCT
cjfa-48749	111	51	tobin	tobin	NOUN
cjfa-48749	111	52	's	's	PART
cjfa-48749	111	53	q	q	NOUN
cjfa-48749	111	54	)	)	PUNCT
cjfa-48749	111	55	profitability	profitability	NOUN
cjfa-48749	111	56	(	(	PUNCT
cjfa-48749	111	57	roa	roa	NOUN
cjfa-48749	111	58	)	)	PUNCT
cjfa-48749	111	59	(	(	PUNCT
cjfa-48749	111	60	mva	mva	NOUN
cjfa-48749	111	61	)	)	PUNCT
cjfa-48749	111	62	debt	debt	NOUN
cjfa-48749	111	63	structure	structure	NOUN
cjfa-48749	111	64	(	(	PUNCT
cjfa-48749	111	65	der	der	NOUN
cjfa-48749	111	66	)	)	PUNCT
cjfa-48749	111	67	(	(	PUNCT
cjfa-48749	111	68	1	1	X
cjfa-48749	111	69	)	)	PUNCT
cjfa-48749	111	70	share	share	NOUN
cjfa-48749	111	71	price	price	NOUN
cjfa-48749	111	72	:	:	PUNCT
cjfa-48749	111	73	the	the	DET
cjfa-48749	111	74	average	average	NOUN
cjfa-48749	111	75	of	of	ADP
cjfa-48749	111	76	daily	daily	ADJ
cjfa-48749	111	77	closing	closing	NOUN
cjfa-48749	111	78	price	price	NOUN
cjfa-48749	111	79	of	of	ADP
cjfa-48749	111	80	a	a	DET
cjfa-48749	111	81	company	company	NOUN
cjfa-48749	111	82	in	in	ADP
cjfa-48749	111	83	a	a	DET
cjfa-48749	111	84	year	year	NOUN
cjfa-48749	111	85	book	book	NOUN
cjfa-48749	111	86	value	value	NOUN
cjfa-48749	111	87	per	per	ADP
cjfa-48749	111	88	share	share	NOUN
cjfa-48749	111	89	:	:	PUNCT
cjfa-48749	111	90	total	total	ADJ
cjfa-48749	111	91	shareholders	shareholder	NOUN
cjfa-48749	111	92	’	'	PUNCT
cjfa-48749	111	93	equity	equity	NOUN
cjfa-48749	111	94	divided	divide	VERB
cjfa-48749	111	95	by	by	ADP
cjfa-48749	111	96	number	number	NOUN
cjfa-48749	111	97	of	of	ADP
cjfa-48749	111	98	outstanding	outstanding	ADJ
cjfa-48749	111	99	shares	share	NOUN
cjfa-48749	111	100	.	.	PUNCT
cjfa-48749	112	1	the	the	DET
cjfa-48749	112	2	third	third	ADJ
cjfa-48749	112	3	proxy	proxy	NOUN
cjfa-48749	112	4	is	be	AUX
cjfa-48749	112	5	tobin	tobin	PROPN
cjfa-48749	112	6	’s	’s	PART
cjfa-48749	112	7	q.	q.	PROPN
cjfa-48749	112	8	following	following	PROPN
cjfa-48749	112	9	(	(	PUNCT
cjfa-48749	112	10	latif	latif	PROPN
cjfa-48749	112	11	,	,	PUNCT
cjfa-48749	112	12	bhatti	bhatti	PROPN
cjfa-48749	112	13	&	&	CCONJ
cjfa-48749	112	14	raheman	raheman	NOUN
cjfa-48749	112	15	,	,	PUNCT
cjfa-48749	112	16	2017	2017	NUM
cjfa-48749	112	17	)	)	PUNCT
cjfa-48749	112	18	,	,	PUNCT
cjfa-48749	112	19	tobin	tobin	PROPN
cjfa-48749	112	20	’s	’s	PART
cjfa-48749	112	21	q	q	NOUN
cjfa-48749	112	22	is	be	AUX
cjfa-48749	112	23	measured	measure	VERB
cjfa-48749	112	24	as	as	SCONJ
cjfa-48749	112	25	follows	follow	VERB
cjfa-48749	112	26	:	:	PUNCT
cjfa-48749	112	27	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	PROPN
cjfa-48749	112	28	�	�	PROPN
cjfa-48749	112	29	𝑠𝑠	𝑠𝑠	PROPN
cjfa-48749	112	30	�	�	PROPN
cjfa-48749	112	31	�	�	PROPN
cjfa-48749	112	32	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	PROPN
cjfa-48749	112	33	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	113	1	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	113	2	𝑀𝑀	𝑀𝑀	PROPN
cjfa-48749	113	3	�	�	PROPN
cjfa-48749	113	4	𝑣𝑣𝑇𝑇𝑀𝑀	𝑣𝑣𝑇𝑇𝑀𝑀	PROPN
cjfa-48749	113	5	�	�	PROPN
cjfa-48749	113	6	�	�	PROPN
cjfa-48749	113	7	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	PROPN
cjfa-48749	113	8	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	114	1	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	114	2	𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑇𝑇𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑀𝑀𝑠𝑠	𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑇𝑇𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑀𝑀𝑠𝑠	NOUN
cjfa-48749	114	3	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	NOUN
cjfa-48749	114	4	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	X
cjfa-48749	114	5	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	ADP
cjfa-48749	114	6	𝑀𝑀𝑠𝑠𝑠𝑠𝑀𝑀𝑀𝑀𝑠𝑠	𝑀𝑀𝑠𝑠𝑠𝑠𝑀𝑀𝑀𝑀𝑠𝑠	ADJ
cjfa-48749	114	7	�	�	PROPN
cjfa-48749	114	8	2	2	NUM
cjfa-48749	114	9	�	�	PROPN
cjfa-48749	114	10	market	market	NOUN
cjfa-48749	114	11	value	value	NOUN
cjfa-48749	114	12	of	of	ADP
cjfa-48749	114	13	equity	equity	NOUN
cjfa-48749	114	14	:	:	PUNCT
cjfa-48749	114	15	the	the	DET
cjfa-48749	114	16	average	average	NOUN
cjfa-48749	114	17	of	of	ADP
cjfa-48749	114	18	daily	daily	ADJ
cjfa-48749	114	19	closing	closing	NOUN
cjfa-48749	114	20	price	price	NOUN
cjfa-48749	114	21	times	time	NOUN
cjfa-48749	114	22	number	number	NOUN
cjfa-48749	114	23	of	of	ADP
cjfa-48749	114	24	outstanding	outstanding	ADJ
cjfa-48749	114	25	shares	share	NOUN
cjfa-48749	114	26	book	book	NOUN
cjfa-48749	114	27	value	value	NOUN
cjfa-48749	114	28	of	of	ADP
cjfa-48749	114	29	liabilities	liability	NOUN
cjfa-48749	114	30	:	:	PUNCT
cjfa-48749	114	31	total	total	ADJ
cjfa-48749	114	32	liabilities	liability	NOUN
cjfa-48749	114	33	book	book	NOUN
cjfa-48749	114	34	value	value	NOUN
cjfa-48749	114	35	of	of	ADP
cjfa-48749	114	36	assets	asset	NOUN
cjfa-48749	114	37	:	:	PUNCT
cjfa-48749	114	38	total	total	ADJ
cjfa-48749	114	39	assets	asset	NOUN
cjfa-48749	114	40	the	the	DET
cjfa-48749	114	41	fourth	fourth	ADJ
cjfa-48749	114	42	proxy	proxy	NOUN
cjfa-48749	114	43	is	be	AUX
cjfa-48749	114	44	market	market	NOUN
cjfa-48749	114	45	value	value	NOUN
cjfa-48749	114	46	added	add	VERB
cjfa-48749	114	47	.	.	PUNCT
cjfa-48749	115	1	following	follow	VERB
cjfa-48749	115	2	(	(	PUNCT
cjfa-48749	115	3	young	young	ADJ
cjfa-48749	115	4	&	&	CCONJ
cjfa-48749	115	5	o’byrne	o’byrne	PROPN
cjfa-48749	115	6	,	,	PUNCT
cjfa-48749	115	7	2001	2001	NUM
cjfa-48749	115	8	)	)	PUNCT
cjfa-48749	115	9	,	,	PUNCT
cjfa-48749	115	10	mva	mva	NOUN
cjfa-48749	115	11	is	be	AUX
cjfa-48749	115	12	calculated	calculate	VERB
cjfa-48749	115	13	as	as	SCONJ
cjfa-48749	115	14	follows	follow	VERB
cjfa-48749	115	15	:	:	PUNCT
cjfa-48749	115	16	𝑀𝑀𝑅𝑅𝐷𝐷	𝑀𝑀𝑅𝑅𝐷𝐷	PROPN
cjfa-48749	115	17	�	�	PROPN
cjfa-48749	115	18	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	PROPN
cjfa-48749	115	19	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	116	1	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	116	2	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	NOUN
cjfa-48749	116	3	�	�	PROPN
cjfa-48749	116	4	𝑇𝑇𝑇𝑇𝑣𝑣𝑀𝑀𝑠𝑠𝑀𝑀𝑀𝑀	𝑇𝑇𝑇𝑇𝑣𝑣𝑀𝑀𝑠𝑠𝑀𝑀𝑀𝑀	NOUN
cjfa-48749	116	5	�	�	PROPN
cjfa-48749	116	6	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	NOUN
cjfa-48749	116	7	�	�	PROPN
cjfa-48749	116	8	3	3	NUM
cjfa-48749	116	9	�	�	PROPN
cjfa-48749	116	10	market	market	NOUN
cjfa-48749	116	11	value	value	NOUN
cjfa-48749	116	12	of	of	ADP
cjfa-48749	116	13	capital	capital	NOUN
cjfa-48749	116	14	:	:	PUNCT
cjfa-48749	116	15	the	the	DET
cjfa-48749	116	16	average	average	NOUN
cjfa-48749	116	17	of	of	ADP
cjfa-48749	116	18	daily	daily	ADJ
cjfa-48749	116	19	closing	closing	NOUN
cjfa-48749	116	20	price	price	NOUN
cjfa-48749	116	21	times	time	NOUN
cjfa-48749	116	22	number	number	NOUN
cjfa-48749	116	23	of	of	ADP
cjfa-48749	116	24	outstanding	outstanding	ADJ
cjfa-48749	116	25	shares	share	NOUN
cjfa-48749	116	26	invested	invest	VERB
cjfa-48749	116	27	capital	capital	NOUN
cjfa-48749	116	28	:	:	PUNCT
cjfa-48749	116	29	total	total	ADJ
cjfa-48749	116	30	equity	equity	NOUN
cjfa-48749	116	31	independent	independent	ADJ
cjfa-48749	116	32	variable	variable	ADJ
cjfa-48749	116	33	financial	financial	ADJ
cjfa-48749	116	34	reporting	reporting	NOUN
cjfa-48749	116	35	quality	quality	NOUN
cjfa-48749	116	36	is	be	AUX
cjfa-48749	116	37	measured	measure	VERB
cjfa-48749	116	38	using	use	VERB
cjfa-48749	116	39	two	two	NUM
cjfa-48749	116	40	proxies	proxy	NOUN
cjfa-48749	116	41	.	.	PUNCT
cjfa-48749	117	1	the	the	DET
cjfa-48749	117	2	first	first	ADJ
cjfa-48749	117	3	proxy	proxy	NOUN
cjfa-48749	117	4	is	be	AUX
cjfa-48749	117	5	quality	quality	NOUN
cjfa-48749	117	6	of	of	ADP
cjfa-48749	117	7	accruals	accrual	NOUN
cjfa-48749	117	8	through	through	ADP
cjfa-48749	117	9	the	the	DET
cjfa-48749	117	10	ball	ball	NOUN
cjfa-48749	117	11	-	-	PUNCT
cjfa-48749	117	12	shivakumar	shivakumar	PROPN
cjfa-48749	117	13	model	model	NOUN
cjfa-48749	117	14	(	(	PUNCT
cjfa-48749	117	15	aq	aq	NOUN
cjfa-48749	117	16	)	)	PUNCT
cjfa-48749	117	17	(	(	PUNCT
cjfa-48749	117	18	martínez	martínez	NOUN
cjfa-48749	117	19	-	-	PUNCT
cjfa-48749	117	20	ferrero	ferrero	PROPN
cjfa-48749	117	21	et	et	PROPN
cjfa-48749	117	22	al	al	PROPN
cjfa-48749	117	23	.	.	PROPN
cjfa-48749	117	24	,	,	PUNCT
cjfa-48749	117	25	2015	2015	NUM
cjfa-48749	117	26	):	):	PUNCT
cjfa-48749	117	27	∆𝑊𝑊𝑊𝑊	∆𝑊𝑊𝑊𝑊	PROPN
cjfa-48749	117	28	�	�	PROPN
cjfa-48749	117	29	�	�	PROPN
cjfa-48749	117	30	�	�	PROPN
cjfa-48749	117	31	�	�	PROPN
cjfa-48749	117	32	�	�	PROPN
cjfa-48749	117	33	�	�	PROPN
cjfa-48749	117	34	�	�	PROPN
cjfa-48749	117	35	�	�	PROPN
cjfa-48749	117	36	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	117	37	�	�	PROPN
cjfa-48749	117	38	,	,	PUNCT
cjfa-48749	117	39	�	�	PROPN
cjfa-48749	117	40	�	�	PROPN
cjfa-48749	117	41	�	�	PROPN
cjfa-48749	117	42	�	�	PROPN
cjfa-48749	117	43	�	�	PROPN
cjfa-48749	117	44	�	�	PROPN
cjfa-48749	117	45	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	117	46	�	�	PROPN
cjfa-48749	117	47	,	,	PUNCT
cjfa-48749	117	48	�	�	PROPN
cjfa-48749	117	49	�	�	PROPN
cjfa-48749	117	50	�	�	PROPN
cjfa-48749	117	51	�	�	PROPN
cjfa-48749	117	52	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	117	53	�	�	PROPN
cjfa-48749	117	54	,	,	PUNCT
cjfa-48749	117	55	�	�	PROPN
cjfa-48749	117	56	�	�	PROPN
cjfa-48749	117	57	�	�	PROPN
cjfa-48749	117	58	�	�	PROPN
cjfa-48749	117	59	�	�	PROPN
cjfa-48749	117	60	�	�	PROPN
cjfa-48749	117	61	∆𝑅𝑅𝑅𝑅𝑅𝑅	∆𝑅𝑅𝑅𝑅𝑅𝑅	NOUN
cjfa-48749	117	62	�	�	PROPN
cjfa-48749	117	63	,	,	PUNCT
cjfa-48749	117	64	�	�	PROPN
cjfa-48749	117	65	�	�	PROPN
cjfa-48749	117	66	�	�	PROPN
cjfa-48749	117	67	�	�	PROPN
cjfa-48749	117	68	𝑃𝑃𝑃𝑃𝑅𝑅	𝑃𝑃𝑃𝑃𝑅𝑅	PROPN
cjfa-48749	117	69	�	�	PROPN
cjfa-48749	117	70	,	,	PUNCT
cjfa-48749	117	71	�	�	PROPN
cjfa-48749	117	72	�	�	PROPN
cjfa-48749	117	73	�	�	PROPN
cjfa-48749	117	74	�	�	PROPN
cjfa-48749	117	75	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	117	76	�	�	PROPN
cjfa-48749	117	77	,	,	PUNCT
cjfa-48749	117	78	�	�	PROPN
cjfa-48749	117	79	�	�	PROPN
cjfa-48749	117	80	�	�	PROPN
cjfa-48749	117	81	�	�	PROPN
cjfa-48749	117	82	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	117	83	�	�	PROPN
cjfa-48749	117	84	,	,	PUNCT
cjfa-48749	117	85	�	�	PROPN
cjfa-48749	117	86	∗	∗	NOUN
cjfa-48749	117	87	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	117	88	�	�	PROPN
cjfa-48749	117	89	,	,	PUNCT
cjfa-48749	117	90	�	�	PROPN
cjfa-48749	117	91	�	�	PROPN
cjfa-48749	117	92	�	�	PROPN
cjfa-48749	117	93	�	�	PROPN
cjfa-48749	117	94	4	4	NUM
cjfa-48749	117	95	�	�	PROPN
cjfa-48749	117	96	wcit	wcit	PROPN
cjfa-48749	117	97	:	:	PUNCT
cjfa-48749	117	98			X
cjfa-48749	118	1	account	account	VERB
cjfa-48749	118	2	receivable	receivable	ADJ
cjfa-48749	118	3	+	+	CCONJ
cjfa-48749	118	4			NOUN
cjfa-48749	118	5	inventory	inventory	NOUN
cjfa-48749	118	6			NOUN
cjfa-48749	118	7	account	account	VERB
cjfa-48749	118	8	payable	payable	ADJ
cjfa-48749	118	9			NOUN
cjfa-48749	118	10	taxes	taxis	NOUN
cjfa-48749	118	11	payable	payable	ADJ
cjfa-48749	118	12	+	+	CCONJ
cjfa-48749	118	13			VERB
cjfa-48749	118	14	other	other	ADJ
cjfa-48749	118	15	assets	asset	NOUN
cjfa-48749	118	16	cfo	cfo	PROPN
cjfa-48749	118	17	:	:	PUNCT
cjfa-48749	118	18	operating	operate	VERB
cjfa-48749	118	19	cash	cash	NOUN
cjfa-48749	118	20	flows	flow	NOUN
cjfa-48749	118	21	revenue	revenue	VERB
cjfa-48749	118	22	:	:	PUNCT
cjfa-48749	118	23	changes	change	NOUN
cjfa-48749	118	24	in	in	ADP
cjfa-48749	118	25	revenue	revenue	NOUN
cjfa-48749	118	26	ppe	ppe	NOUN
cjfa-48749	118	27	:	:	PUNCT
cjfa-48749	118	28	property	property	NOUN
cjfa-48749	118	29	,	,	PUNCT
cjfa-48749	118	30	plant	plant	NOUN
cjfa-48749	118	31	,	,	PUNCT
cjfa-48749	118	32	and	and	CCONJ
cjfa-48749	118	33	equipment	equipment	NOUN
cjfa-48749	118	34	docf	docf	PROPN
cjfa-48749	118	35	:	:	PUNCT
cjfa-48749	118	36	indicator	indicator	NOUN
cjfa-48749	118	37	variable	variable	NOUN
cjfa-48749	118	38	for	for	ADP
cjfa-48749	118	39	negative	negative	ADJ
cjfa-48749	118	40	cash	cash	NOUN
cjfa-48749	118	41	flows	flow	NOUN
cjfa-48749	118	42	i	i	PRON
cjfa-48749	118	43	indicates	indicate	VERB
cjfa-48749	118	44	the	the	DET
cjfa-48749	118	45	company	company	NOUN
cjfa-48749	118	46	and	and	CCONJ
cjfa-48749	118	47	t	t	PROPN
cjfa-48749	118	48	refers	refer	VERB
cjfa-48749	118	49	to	to	ADP
cjfa-48749	118	50	the	the	DET
cjfa-48749	118	51	time	time	NOUN
cjfa-48749	118	52	period	period	NOUN
cjfa-48749	118	53	.	.	PUNCT
cjfa-48749	119	1	all	all	DET
cjfa-48749	119	2	variable	variable	ADJ
cjfa-48749	119	3	in	in	ADP
cjfa-48749	119	4	equation	equation	NOUN
cjfa-48749	119	5	is	be	AUX
cjfa-48749	119	6	scaled	scale	VERB
cjfa-48749	119	7	with	with	ADP
cjfa-48749	119	8	total	total	ADJ
cjfa-48749	119	9	assets	asset	NOUN
cjfa-48749	119	10	,	,	PUNCT
cjfa-48749	119	11	except	except	SCONJ
cjfa-48749	119	12	for	for	ADP
cjfa-48749	119	13	docf	docf	PROPN
cjfa-48749	119	14	.	.	PUNCT
cjfa-48749	120	1	the	the	DET
cjfa-48749	120	2	absolute	absolute	ADJ
cjfa-48749	120	3	value	value	NOUN
cjfa-48749	120	4	of	of	ADP
cjfa-48749	120	5	residuals	residual	NOUN
cjfa-48749	120	6	from	from	ADP
cjfa-48749	120	7	this	this	DET
cjfa-48749	120	8	model	model	NOUN
cjfa-48749	120	9	is	be	AUX
cjfa-48749	120	10	used	use	VERB
cjfa-48749	120	11	as	as	ADP
cjfa-48749	120	12	proxy	proxy	NOUN
cjfa-48749	120	13	for	for	ADP
cjfa-48749	120	14	aq	aq	NOUN
cjfa-48749	120	15	.	.	PUNCT
cjfa-48749	121	1	the	the	DET
cjfa-48749	121	2	lower	low	ADJ
cjfa-48749	121	3	degree	degree	NOUN
cjfa-48749	121	4	of	of	ADP
cjfa-48749	121	5	this	this	DET
cjfa-48749	121	6	proxy	proxy	NOUN
cjfa-48749	121	7	,	,	PUNCT
cjfa-48749	121	8	the	the	DET
cjfa-48749	121	9	higher	high	ADJ
cjfa-48749	121	10	degree	degree	NOUN
cjfa-48749	121	11	of	of	ADP
cjfa-48749	121	12	aq	aq	ADP
cjfa-48749	121	13	,	,	PUNCT
cjfa-48749	121	14	which	which	PRON
cjfa-48749	121	15	means	mean	VERB
cjfa-48749	121	16	higher	high	ADJ
cjfa-48749	121	17	frq	frq	PROPN
cjfa-48749	121	18	.	.	PUNCT
cjfa-48749	122	1	the	the	DET
cjfa-48749	122	2	second	second	ADJ
cjfa-48749	122	3	proxy	proxy	NOUN
cjfa-48749	122	4	is	be	AUX
cjfa-48749	122	5	earnings	earning	NOUN
cjfa-48749	122	6	management	management	NOUN
cjfa-48749	122	7	through	through	ADP
cjfa-48749	122	8	accruals	accrual	NOUN
cjfa-48749	122	9	(	(	PUNCT
cjfa-48749	122	10	em	em	PRON
cjfa-48749	122	11	)	)	PUNCT
cjfa-48749	122	12	.	.	PUNCT
cjfa-48749	123	1	low	low	ADJ
cjfa-48749	123	2	values	value	NOUN
cjfa-48749	123	3	of	of	ADP
cjfa-48749	123	4	em	em	PRON
cjfa-48749	123	5	represents	represent	VERB
cjfa-48749	123	6	low	low	ADJ
cjfa-48749	123	7	level	level	NOUN
cjfa-48749	123	8	of	of	ADP
cjfa-48749	123	9	earnings	earning	NOUN
cjfa-48749	123	10	management	management	NOUN
cjfa-48749	123	11	activities	activity	NOUN
cjfa-48749	123	12	that	that	PRON
cjfa-48749	123	13	is	be	AUX
cjfa-48749	123	14	associated	associate	VERB
cjfa-48749	123	15	with	with	ADP
cjfa-48749	123	16	higher	high	ADJ
cjfa-48749	123	17	frq	frq	PROPN
cjfa-48749	123	18	.	.	PROPN
cjfa-48749	123	19	modified	modify	VERB
cjfa-48749	123	20	jones	jones	PROPN
cjfa-48749	123	21	model	model	PROPN
cjfa-48749	123	22	is	be	AUX
cjfa-48749	123	23	used	use	VERB
cjfa-48749	123	24	in	in	ADP
cjfa-48749	123	25	calculating	calculate	VERB
cjfa-48749	123	26	em	em	PRON
cjfa-48749	123	27	(	(	PUNCT
cjfa-48749	123	28	dechow	dechow	ADJ
cjfa-48749	123	29	,	,	PUNCT
cjfa-48749	123	30	sloan	sloan	PROPN
cjfa-48749	123	31	&	&	CCONJ
cjfa-48749	123	32	sweeney	sweeney	PROPN
cjfa-48749	123	33	,	,	PUNCT
cjfa-48749	123	34	1995	1995	NUM
cjfa-48749	123	35	):	):	PUNCT
cjfa-48749	123	36	𝐷𝐷𝐷𝐷	𝐷𝐷𝐷𝐷	PROPN
cjfa-48749	123	37	�	�	PROPN
cjfa-48749	123	38	�	�	PROPN
cjfa-48749	123	39	�	�	PROPN
cjfa-48749	123	40	𝑇𝑇𝐷𝐷𝑊𝑊	𝑇𝑇𝐷𝐷𝑊𝑊	PROPN
cjfa-48749	123	41	�	�	PROPN
cjfa-48749	123	42	,	,	PUNCT
cjfa-48749	123	43	�	�	PROPN
cjfa-48749	123	44	𝑇𝑇𝐷𝐷	𝑇𝑇𝐷𝐷	PROPN
cjfa-48749	123	45	�	�	PROPN
cjfa-48749	123	46	,	,	PUNCT
cjfa-48749	123	47	�	�	PROPN
cjfa-48749	123	48	�	�	PROPN
cjfa-48749	123	49	�	�	PROPN
cjfa-48749	123	50	�	�	PROPN
cjfa-48749	123	51	�	�	PROPN
cjfa-48749	123	52	𝐷𝐷𝐷𝐷	𝐷𝐷𝐷𝐷	PROPN
cjfa-48749	123	53	�	�	PROPN
cjfa-48749	123	54	,	,	PUNCT
cjfa-48749	123	55	�	�	PROPN
cjfa-48749	123	56	�	�	PROPN
cjfa-48749	123	57	5	5	NUM
cjfa-48749	123	58	�	�	PROPN
cjfa-48749	123	59	(	(	PUNCT
cjfa-48749	123	60	2	2	NUM
cjfa-48749	123	61	)	)	PUNCT
cjfa-48749	123	62	market	market	NOUN
cjfa-48749	123	63	value	value	NOUN
cjfa-48749	123	64	of	of	ADP
cjfa-48749	123	65	equity	equity	NOUN
cjfa-48749	123	66	:	:	PUNCT
cjfa-48749	123	67	the	the	DET
cjfa-48749	123	68	average	average	NOUN
cjfa-48749	123	69	of	of	ADP
cjfa-48749	123	70	daily	daily	ADJ
cjfa-48749	123	71	closing	closing	NOUN
cjfa-48749	123	72	price	price	NOUN
cjfa-48749	123	73	times	time	NOUN
cjfa-48749	123	74	number	number	NOUN
cjfa-48749	123	75	of	of	ADP
cjfa-48749	123	76	outstanding	outstanding	ADJ
cjfa-48749	123	77	shares	share	NOUN
cjfa-48749	123	78	book	book	NOUN
cjfa-48749	123	79	value	value	NOUN
cjfa-48749	123	80	of	of	ADP
cjfa-48749	123	81	liabilities	liability	NOUN
cjfa-48749	123	82	:	:	PUNCT
cjfa-48749	123	83	total	total	ADJ
cjfa-48749	123	84	liabilities	liability	NOUN
cjfa-48749	123	85	book	book	NOUN
cjfa-48749	123	86	value	value	NOUN
cjfa-48749	123	87	of	of	ADP
cjfa-48749	123	88	assets	asset	NOUN
cjfa-48749	123	89	:	:	PUNCT
cjfa-48749	123	90	total	total	ADJ
cjfa-48749	123	91	assets	asset	NOUN
cjfa-48749	123	92	the	the	DET
cjfa-48749	123	93	fourth	fourth	ADJ
cjfa-48749	123	94	proxy	proxy	NOUN
cjfa-48749	123	95	is	be	AUX
cjfa-48749	123	96	market	market	NOUN
cjfa-48749	123	97	value	value	NOUN
cjfa-48749	123	98	added	add	VERB
cjfa-48749	123	99	.	.	PUNCT
cjfa-48749	124	1	following	follow	VERB
cjfa-48749	124	2	(	(	PUNCT
cjfa-48749	124	3	young	young	ADJ
cjfa-48749	124	4	&	&	CCONJ
cjfa-48749	124	5	o’byrne	o’byrne	PROPN
cjfa-48749	124	6	,	,	PUNCT
cjfa-48749	124	7	2001	2001	NUM
cjfa-48749	124	8	)	)	PUNCT
cjfa-48749	124	9	,	,	PUNCT
cjfa-48749	124	10	mva	mva	NOUN
cjfa-48749	124	11	is	be	AUX
cjfa-48749	124	12	calculated	calculate	VERB
cjfa-48749	124	13	as	as	SCONJ
cjfa-48749	124	14	follows	follow	VERB
cjfa-48749	124	15	:	:	PUNCT
cjfa-48749	124	16	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	PROPN
cjfa-48749	124	17	�	�	PROPN
cjfa-48749	124	18	𝑠𝑠	𝑠𝑠	PROPN
cjfa-48749	124	19	�	�	PROPN
cjfa-48749	124	20	�	�	PROPN
cjfa-48749	124	21	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	PROPN
cjfa-48749	124	22	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	125	1	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	125	2	𝑀𝑀	𝑀𝑀	PROPN
cjfa-48749	125	3	�	�	PROPN
cjfa-48749	125	4	𝑣𝑣𝑇𝑇𝑀𝑀	𝑣𝑣𝑇𝑇𝑀𝑀	PROPN
cjfa-48749	125	5	�	�	PROPN
cjfa-48749	125	6	�	�	PROPN
cjfa-48749	125	7	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	PROPN
cjfa-48749	125	8	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	126	1	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	126	2	𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑇𝑇𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑀𝑀𝑠𝑠	𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑇𝑇𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑀𝑀𝑠𝑠	NOUN
cjfa-48749	126	3	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	NOUN
cjfa-48749	126	4	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	X
cjfa-48749	126	5	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	ADP
cjfa-48749	126	6	𝑀𝑀𝑠𝑠𝑠𝑠𝑀𝑀𝑀𝑀𝑠𝑠	𝑀𝑀𝑠𝑠𝑠𝑠𝑀𝑀𝑀𝑀𝑠𝑠	ADJ
cjfa-48749	126	7	�	�	PROPN
cjfa-48749	126	8	2	2	NUM
cjfa-48749	126	9	�	�	PROPN
cjfa-48749	126	10	market	market	NOUN
cjfa-48749	126	11	value	value	NOUN
cjfa-48749	126	12	of	of	ADP
cjfa-48749	126	13	equity	equity	NOUN
cjfa-48749	126	14	:	:	PUNCT
cjfa-48749	126	15	the	the	DET
cjfa-48749	126	16	average	average	NOUN
cjfa-48749	126	17	of	of	ADP
cjfa-48749	126	18	daily	daily	ADJ
cjfa-48749	126	19	closing	closing	NOUN
cjfa-48749	126	20	price	price	NOUN
cjfa-48749	126	21	times	time	NOUN
cjfa-48749	126	22	number	number	NOUN
cjfa-48749	126	23	of	of	ADP
cjfa-48749	126	24	outstanding	outstanding	ADJ
cjfa-48749	126	25	shares	share	NOUN
cjfa-48749	126	26	book	book	NOUN
cjfa-48749	126	27	value	value	NOUN
cjfa-48749	126	28	of	of	ADP
cjfa-48749	126	29	liabilities	liability	NOUN
cjfa-48749	126	30	:	:	PUNCT
cjfa-48749	126	31	total	total	ADJ
cjfa-48749	126	32	liabilities	liability	NOUN
cjfa-48749	126	33	book	book	NOUN
cjfa-48749	126	34	value	value	NOUN
cjfa-48749	126	35	of	of	ADP
cjfa-48749	126	36	assets	asset	NOUN
cjfa-48749	126	37	:	:	PUNCT
cjfa-48749	126	38	total	total	ADJ
cjfa-48749	126	39	assets	asset	NOUN
cjfa-48749	126	40	the	the	DET
cjfa-48749	126	41	fourth	fourth	ADJ
cjfa-48749	126	42	proxy	proxy	NOUN
cjfa-48749	126	43	is	be	AUX
cjfa-48749	126	44	market	market	NOUN
cjfa-48749	126	45	value	value	NOUN
cjfa-48749	126	46	added	add	VERB
cjfa-48749	126	47	.	.	PUNCT
cjfa-48749	127	1	following	follow	VERB
cjfa-48749	127	2	(	(	PUNCT
cjfa-48749	127	3	young	young	ADJ
cjfa-48749	127	4	&	&	CCONJ
cjfa-48749	127	5	o’byrne	o’byrne	PROPN
cjfa-48749	127	6	,	,	PUNCT
cjfa-48749	127	7	2001	2001	NUM
cjfa-48749	127	8	)	)	PUNCT
cjfa-48749	127	9	,	,	PUNCT
cjfa-48749	127	10	mva	mva	NOUN
cjfa-48749	127	11	is	be	AUX
cjfa-48749	127	12	calculated	calculate	VERB
cjfa-48749	127	13	as	as	SCONJ
cjfa-48749	127	14	follows	follow	VERB
cjfa-48749	127	15	:	:	PUNCT
cjfa-48749	127	16	𝑀𝑀𝑅𝑅𝐷𝐷	𝑀𝑀𝑅𝑅𝐷𝐷	PROPN
cjfa-48749	127	17	�	�	PROPN
cjfa-48749	127	18	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	PROPN
cjfa-48749	127	19	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	128	1	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	128	2	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	NOUN
cjfa-48749	128	3	�	�	PROPN
cjfa-48749	128	4	𝑇𝑇𝑇𝑇𝑣𝑣𝑀𝑀𝑠𝑠𝑀𝑀𝑀𝑀	𝑇𝑇𝑇𝑇𝑣𝑣𝑀𝑀𝑠𝑠𝑀𝑀𝑀𝑀	NOUN
cjfa-48749	128	5	�	�	PROPN
cjfa-48749	128	6	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	NOUN
cjfa-48749	128	7	�	�	PROPN
cjfa-48749	128	8	3	3	NUM
cjfa-48749	128	9	�	�	PROPN
cjfa-48749	128	10	market	market	NOUN
cjfa-48749	128	11	value	value	NOUN
cjfa-48749	128	12	of	of	ADP
cjfa-48749	128	13	capital	capital	NOUN
cjfa-48749	128	14	:	:	PUNCT
cjfa-48749	128	15	the	the	DET
cjfa-48749	128	16	average	average	NOUN
cjfa-48749	128	17	of	of	ADP
cjfa-48749	128	18	daily	daily	ADJ
cjfa-48749	128	19	closing	closing	NOUN
cjfa-48749	128	20	price	price	NOUN
cjfa-48749	128	21	times	time	NOUN
cjfa-48749	128	22	number	number	NOUN
cjfa-48749	128	23	of	of	ADP
cjfa-48749	128	24	outstanding	outstanding	ADJ
cjfa-48749	128	25	shares	share	NOUN
cjfa-48749	128	26	invested	invest	VERB
cjfa-48749	128	27	capital	capital	NOUN
cjfa-48749	128	28	:	:	PUNCT
cjfa-48749	128	29	total	total	ADJ
cjfa-48749	128	30	equity	equity	NOUN
cjfa-48749	128	31	independent	independent	ADJ
cjfa-48749	128	32	variable	variable	ADJ
cjfa-48749	128	33	financial	financial	ADJ
cjfa-48749	128	34	reporting	reporting	NOUN
cjfa-48749	128	35	quality	quality	NOUN
cjfa-48749	128	36	is	be	AUX
cjfa-48749	128	37	measured	measure	VERB
cjfa-48749	128	38	using	use	VERB
cjfa-48749	128	39	two	two	NUM
cjfa-48749	128	40	proxies	proxy	NOUN
cjfa-48749	128	41	.	.	PUNCT
cjfa-48749	129	1	the	the	DET
cjfa-48749	129	2	first	first	ADJ
cjfa-48749	129	3	proxy	proxy	NOUN
cjfa-48749	129	4	is	be	AUX
cjfa-48749	129	5	quality	quality	NOUN
cjfa-48749	129	6	of	of	ADP
cjfa-48749	129	7	accruals	accrual	NOUN
cjfa-48749	129	8	through	through	ADP
cjfa-48749	129	9	the	the	DET
cjfa-48749	129	10	ball	ball	NOUN
cjfa-48749	129	11	-	-	PUNCT
cjfa-48749	129	12	shivakumar	shivakumar	PROPN
cjfa-48749	129	13	model	model	NOUN
cjfa-48749	129	14	(	(	PUNCT
cjfa-48749	129	15	aq	aq	NOUN
cjfa-48749	129	16	)	)	PUNCT
cjfa-48749	129	17	(	(	PUNCT
cjfa-48749	129	18	martínez	martínez	NOUN
cjfa-48749	129	19	-	-	PUNCT
cjfa-48749	129	20	ferrero	ferrero	PROPN
cjfa-48749	129	21	et	et	PROPN
cjfa-48749	129	22	al	al	PROPN
cjfa-48749	129	23	.	.	PROPN
cjfa-48749	129	24	,	,	PUNCT
cjfa-48749	129	25	2015	2015	NUM
cjfa-48749	129	26	):	):	PUNCT
cjfa-48749	129	27	∆𝑊𝑊𝑊𝑊	∆𝑊𝑊𝑊𝑊	PROPN
cjfa-48749	129	28	�	�	PROPN
cjfa-48749	129	29	�	�	PROPN
cjfa-48749	129	30	�	�	PROPN
cjfa-48749	129	31	�	�	PROPN
cjfa-48749	129	32	�	�	PROPN
cjfa-48749	129	33	�	�	PROPN
cjfa-48749	129	34	�	�	PROPN
cjfa-48749	129	35	�	�	PROPN
cjfa-48749	129	36	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	129	37	�	�	PROPN
cjfa-48749	129	38	,	,	PUNCT
cjfa-48749	129	39	�	�	PROPN
cjfa-48749	129	40	�	�	PROPN
cjfa-48749	129	41	�	�	PROPN
cjfa-48749	129	42	�	�	PROPN
cjfa-48749	129	43	�	�	PROPN
cjfa-48749	129	44	�	�	PROPN
cjfa-48749	129	45	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	129	46	�	�	PROPN
cjfa-48749	129	47	,	,	PUNCT
cjfa-48749	129	48	�	�	PROPN
cjfa-48749	129	49	�	�	PROPN
cjfa-48749	129	50	�	�	PROPN
cjfa-48749	129	51	�	�	PROPN
cjfa-48749	129	52	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	129	53	�	�	PROPN
cjfa-48749	129	54	,	,	PUNCT
cjfa-48749	129	55	�	�	PROPN
cjfa-48749	129	56	�	�	PROPN
cjfa-48749	129	57	�	�	PROPN
cjfa-48749	129	58	�	�	PROPN
cjfa-48749	129	59	�	�	PROPN
cjfa-48749	129	60	�	�	PROPN
cjfa-48749	129	61	∆𝑅𝑅𝑅𝑅𝑅𝑅	∆𝑅𝑅𝑅𝑅𝑅𝑅	NOUN
cjfa-48749	129	62	�	�	PROPN
cjfa-48749	129	63	,	,	PUNCT
cjfa-48749	129	64	�	�	PROPN
cjfa-48749	129	65	�	�	PROPN
cjfa-48749	129	66	�	�	PROPN
cjfa-48749	129	67	�	�	PROPN
cjfa-48749	129	68	𝑃𝑃𝑃𝑃𝑅𝑅	𝑃𝑃𝑃𝑃𝑅𝑅	PROPN
cjfa-48749	129	69	�	�	PROPN
cjfa-48749	129	70	,	,	PUNCT
cjfa-48749	129	71	�	�	PROPN
cjfa-48749	129	72	�	�	PROPN
cjfa-48749	129	73	�	�	PROPN
cjfa-48749	129	74	�	�	PROPN
cjfa-48749	129	75	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	129	76	�	�	PROPN
cjfa-48749	129	77	,	,	PUNCT
cjfa-48749	129	78	�	�	PROPN
cjfa-48749	129	79	�	�	PROPN
cjfa-48749	129	80	�	�	PROPN
cjfa-48749	129	81	�	�	PROPN
cjfa-48749	129	82	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	129	83	�	�	PROPN
cjfa-48749	129	84	,	,	PUNCT
cjfa-48749	129	85	�	�	PROPN
cjfa-48749	129	86	∗	∗	NOUN
cjfa-48749	129	87	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	129	88	�	�	PROPN
cjfa-48749	129	89	,	,	PUNCT
cjfa-48749	129	90	�	�	PROPN
cjfa-48749	129	91	�	�	PROPN
cjfa-48749	129	92	�	�	PROPN
cjfa-48749	129	93	�	�	PROPN
cjfa-48749	129	94	4	4	NUM
cjfa-48749	129	95	�	�	PROPN
cjfa-48749	129	96	wcit	wcit	PROPN
cjfa-48749	129	97	:	:	PUNCT
cjfa-48749	129	98			X
cjfa-48749	130	1	account	account	VERB
cjfa-48749	130	2	receivable	receivable	ADJ
cjfa-48749	130	3	+	+	CCONJ
cjfa-48749	130	4			NOUN
cjfa-48749	130	5	inventory	inventory	NOUN
cjfa-48749	130	6			NOUN
cjfa-48749	130	7	account	account	VERB
cjfa-48749	130	8	payable	payable	ADJ
cjfa-48749	130	9			NOUN
cjfa-48749	130	10	taxes	taxis	NOUN
cjfa-48749	130	11	payable	payable	ADJ
cjfa-48749	130	12	+	+	CCONJ
cjfa-48749	130	13			VERB
cjfa-48749	130	14	other	other	ADJ
cjfa-48749	130	15	assets	asset	NOUN
cjfa-48749	130	16	cfo	cfo	PROPN
cjfa-48749	130	17	:	:	PUNCT
cjfa-48749	130	18	operating	operate	VERB
cjfa-48749	130	19	cash	cash	NOUN
cjfa-48749	130	20	flows	flow	NOUN
cjfa-48749	130	21	revenue	revenue	VERB
cjfa-48749	130	22	:	:	PUNCT
cjfa-48749	130	23	changes	change	NOUN
cjfa-48749	130	24	in	in	ADP
cjfa-48749	130	25	revenue	revenue	NOUN
cjfa-48749	130	26	ppe	ppe	NOUN
cjfa-48749	130	27	:	:	PUNCT
cjfa-48749	130	28	property	property	NOUN
cjfa-48749	130	29	,	,	PUNCT
cjfa-48749	130	30	plant	plant	NOUN
cjfa-48749	130	31	,	,	PUNCT
cjfa-48749	130	32	and	and	CCONJ
cjfa-48749	130	33	equipment	equipment	NOUN
cjfa-48749	130	34	docf	docf	PROPN
cjfa-48749	130	35	:	:	PUNCT
cjfa-48749	130	36	indicator	indicator	NOUN
cjfa-48749	130	37	variable	variable	NOUN
cjfa-48749	130	38	for	for	ADP
cjfa-48749	130	39	negative	negative	ADJ
cjfa-48749	130	40	cash	cash	NOUN
cjfa-48749	130	41	flows	flow	NOUN
cjfa-48749	130	42	i	i	PRON
cjfa-48749	130	43	indicates	indicate	VERB
cjfa-48749	130	44	the	the	DET
cjfa-48749	130	45	company	company	NOUN
cjfa-48749	130	46	and	and	CCONJ
cjfa-48749	130	47	t	t	PROPN
cjfa-48749	130	48	refers	refer	VERB
cjfa-48749	130	49	to	to	ADP
cjfa-48749	130	50	the	the	DET
cjfa-48749	130	51	time	time	NOUN
cjfa-48749	130	52	period	period	NOUN
cjfa-48749	130	53	.	.	PUNCT
cjfa-48749	131	1	all	all	DET
cjfa-48749	131	2	variable	variable	ADJ
cjfa-48749	131	3	in	in	ADP
cjfa-48749	131	4	equation	equation	NOUN
cjfa-48749	131	5	is	be	AUX
cjfa-48749	131	6	scaled	scale	VERB
cjfa-48749	131	7	with	with	ADP
cjfa-48749	131	8	total	total	ADJ
cjfa-48749	131	9	assets	asset	NOUN
cjfa-48749	131	10	,	,	PUNCT
cjfa-48749	131	11	except	except	SCONJ
cjfa-48749	131	12	for	for	ADP
cjfa-48749	131	13	docf	docf	PROPN
cjfa-48749	131	14	.	.	PUNCT
cjfa-48749	132	1	the	the	DET
cjfa-48749	132	2	absolute	absolute	ADJ
cjfa-48749	132	3	value	value	NOUN
cjfa-48749	132	4	of	of	ADP
cjfa-48749	132	5	residuals	residual	NOUN
cjfa-48749	132	6	from	from	ADP
cjfa-48749	132	7	this	this	DET
cjfa-48749	132	8	model	model	NOUN
cjfa-48749	132	9	is	be	AUX
cjfa-48749	132	10	used	use	VERB
cjfa-48749	132	11	as	as	ADP
cjfa-48749	132	12	proxy	proxy	NOUN
cjfa-48749	132	13	for	for	ADP
cjfa-48749	132	14	aq	aq	NOUN
cjfa-48749	132	15	.	.	PUNCT
cjfa-48749	133	1	the	the	DET
cjfa-48749	133	2	lower	low	ADJ
cjfa-48749	133	3	degree	degree	NOUN
cjfa-48749	133	4	of	of	ADP
cjfa-48749	133	5	this	this	DET
cjfa-48749	133	6	proxy	proxy	NOUN
cjfa-48749	133	7	,	,	PUNCT
cjfa-48749	133	8	the	the	DET
cjfa-48749	133	9	higher	high	ADJ
cjfa-48749	133	10	degree	degree	NOUN
cjfa-48749	133	11	of	of	ADP
cjfa-48749	133	12	aq	aq	ADP
cjfa-48749	133	13	,	,	PUNCT
cjfa-48749	133	14	which	which	PRON
cjfa-48749	133	15	means	mean	VERB
cjfa-48749	133	16	higher	high	ADJ
cjfa-48749	133	17	frq	frq	PROPN
cjfa-48749	133	18	.	.	PUNCT
cjfa-48749	134	1	the	the	DET
cjfa-48749	134	2	second	second	ADJ
cjfa-48749	134	3	proxy	proxy	NOUN
cjfa-48749	134	4	is	be	AUX
cjfa-48749	134	5	earnings	earning	NOUN
cjfa-48749	134	6	management	management	NOUN
cjfa-48749	134	7	through	through	ADP
cjfa-48749	134	8	accruals	accrual	NOUN
cjfa-48749	134	9	(	(	PUNCT
cjfa-48749	134	10	em	em	PRON
cjfa-48749	134	11	)	)	PUNCT
cjfa-48749	134	12	.	.	PUNCT
cjfa-48749	135	1	low	low	ADJ
cjfa-48749	135	2	values	value	NOUN
cjfa-48749	135	3	of	of	ADP
cjfa-48749	135	4	em	em	PRON
cjfa-48749	135	5	represents	represent	VERB
cjfa-48749	135	6	low	low	ADJ
cjfa-48749	135	7	level	level	NOUN
cjfa-48749	135	8	of	of	ADP
cjfa-48749	135	9	earnings	earning	NOUN
cjfa-48749	135	10	management	management	NOUN
cjfa-48749	135	11	activities	activity	NOUN
cjfa-48749	135	12	that	that	PRON
cjfa-48749	135	13	is	be	AUX
cjfa-48749	135	14	associated	associate	VERB
cjfa-48749	135	15	with	with	ADP
cjfa-48749	135	16	higher	high	ADJ
cjfa-48749	135	17	frq	frq	PROPN
cjfa-48749	135	18	.	.	PROPN
cjfa-48749	135	19	modified	modify	VERB
cjfa-48749	135	20	jones	jones	PROPN
cjfa-48749	135	21	model	model	PROPN
cjfa-48749	135	22	is	be	AUX
cjfa-48749	135	23	used	use	VERB
cjfa-48749	135	24	in	in	ADP
cjfa-48749	135	25	calculating	calculate	VERB
cjfa-48749	135	26	em	em	PRON
cjfa-48749	135	27	(	(	PUNCT
cjfa-48749	135	28	dechow	dechow	ADJ
cjfa-48749	135	29	,	,	PUNCT
cjfa-48749	135	30	sloan	sloan	PROPN
cjfa-48749	135	31	&	&	CCONJ
cjfa-48749	135	32	sweeney	sweeney	PROPN
cjfa-48749	135	33	,	,	PUNCT
cjfa-48749	135	34	1995	1995	NUM
cjfa-48749	135	35	):	):	PUNCT
cjfa-48749	135	36	𝐷𝐷𝐷𝐷	𝐷𝐷𝐷𝐷	PROPN
cjfa-48749	135	37	�	�	PROPN
cjfa-48749	135	38	�	�	PROPN
cjfa-48749	135	39	�	�	PROPN
cjfa-48749	135	40	𝑇𝑇𝐷𝐷𝑊𝑊	𝑇𝑇𝐷𝐷𝑊𝑊	PROPN
cjfa-48749	135	41	�	�	PROPN
cjfa-48749	135	42	,	,	PUNCT
cjfa-48749	135	43	�	�	PROPN
cjfa-48749	135	44	𝑇𝑇𝐷𝐷	𝑇𝑇𝐷𝐷	PROPN
cjfa-48749	135	45	�	�	PROPN
cjfa-48749	135	46	,	,	PUNCT
cjfa-48749	135	47	�	�	PROPN
cjfa-48749	135	48	�	�	PROPN
cjfa-48749	135	49	�	�	PROPN
cjfa-48749	135	50	�	�	PROPN
cjfa-48749	135	51	�	�	PROPN
cjfa-48749	135	52	𝐷𝐷𝐷𝐷	𝐷𝐷𝐷𝐷	PROPN
cjfa-48749	135	53	�	�	PROPN
cjfa-48749	135	54	,	,	PUNCT
cjfa-48749	135	55	�	�	PROPN
cjfa-48749	135	56	�	�	PROPN
cjfa-48749	135	57	5	5	NUM
cjfa-48749	135	58	�	�	PROPN
cjfa-48749	135	59	(	(	PUNCT
cjfa-48749	135	60	3	3	NUM
cjfa-48749	135	61	)	)	PUNCT
cjfa-48749	135	62	market	market	NOUN
cjfa-48749	135	63	value	value	NOUN
cjfa-48749	135	64	of	of	ADP
cjfa-48749	135	65	capital	capital	NOUN
cjfa-48749	135	66	:	:	PUNCT
cjfa-48749	135	67	the	the	DET
cjfa-48749	135	68	average	average	NOUN
cjfa-48749	135	69	of	of	ADP
cjfa-48749	135	70	daily	daily	ADJ
cjfa-48749	135	71	closing	closing	NOUN
cjfa-48749	135	72	price	price	NOUN
cjfa-48749	135	73	times	time	NOUN
cjfa-48749	135	74	number	number	NOUN
cjfa-48749	135	75	of	of	ADP
cjfa-48749	135	76	outstanding	outstanding	ADJ
cjfa-48749	135	77	shares	share	NOUN
cjfa-48749	135	78	invested	invest	VERB
cjfa-48749	135	79	capital	capital	NOUN
cjfa-48749	135	80	:	:	PUNCT
cjfa-48749	135	81	total	total	ADJ
cjfa-48749	135	82	equity	equity	NOUN
cjfa-48749	135	83	the	the	DET
cjfa-48749	135	84	analysis	analysis	NOUN
cjfa-48749	135	85	of	of	ADP
cjfa-48749	135	86	financial	financial	ADJ
cjfa-48749	135	87	reporting	reporting	NOUN
cjfa-48749	135	88	quality	quality	NOUN
cjfa-48749	135	89	and	and	CCONJ
cjfa-48749	135	90	firm	firm	ADJ
cjfa-48749	135	91	value	value	NOUN
cjfa-48749	135	92	3333	3333	NUM
cjfa-48749	135	93	independent	independent	ADJ
cjfa-48749	135	94	variableindependent	variableindependent	ADJ
cjfa-48749	135	95	variable	variable	ADJ
cjfa-48749	135	96	financial	financial	ADJ
cjfa-48749	135	97	reporting	reporting	NOUN
cjfa-48749	135	98	quality	quality	NOUN
cjfa-48749	135	99	is	be	AUX
cjfa-48749	135	100	measured	measure	VERB
cjfa-48749	135	101	using	use	VERB
cjfa-48749	135	102	two	two	NUM
cjfa-48749	135	103	proxies	proxy	NOUN
cjfa-48749	135	104	.	.	PUNCT
cjfa-48749	136	1	the	the	DET
cjfa-48749	136	2	first	first	ADJ
cjfa-48749	136	3	proxy	proxy	NOUN
cjfa-48749	136	4	is	be	AUX
cjfa-48749	136	5	quality	quality	NOUN
cjfa-48749	136	6	of	of	ADP
cjfa-48749	136	7	accruals	accrual	NOUN
cjfa-48749	136	8	through	through	ADP
cjfa-48749	136	9	the	the	DET
cjfa-48749	136	10	ball	ball	NOUN
cjfa-48749	136	11	-	-	PUNCT
cjfa-48749	136	12	shivakumar	shivakumar	PROPN
cjfa-48749	136	13	model	model	NOUN
cjfa-48749	136	14	(	(	PUNCT
cjfa-48749	136	15	aq	aq	NOUN
cjfa-48749	136	16	)	)	PUNCT
cjfa-48749	136	17	(	(	PUNCT
cjfa-48749	136	18	martínez	martínez	NOUN
cjfa-48749	136	19	-	-	PUNCT
cjfa-48749	136	20	ferrero	ferrero	PROPN
cjfa-48749	136	21	et	et	PROPN
cjfa-48749	136	22	al	al	PROPN
cjfa-48749	136	23	.	.	PROPN
cjfa-48749	136	24	,	,	PUNCT
cjfa-48749	136	25	2015	2015	NUM
cjfa-48749	136	26	):	):	PUNCT
cjfa-48749	136	27	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	PROPN
cjfa-48749	136	28	�	�	PROPN
cjfa-48749	136	29	𝑠𝑠	𝑠𝑠	PROPN
cjfa-48749	136	30	�	�	PROPN
cjfa-48749	136	31	�	�	PROPN
cjfa-48749	136	32	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	PROPN
cjfa-48749	136	33	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	136	34	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	136	35	𝑀𝑀	𝑀𝑀	PROPN
cjfa-48749	136	36	�	�	PROPN
cjfa-48749	136	37	𝑣𝑣𝑇𝑇𝑀𝑀	𝑣𝑣𝑇𝑇𝑀𝑀	PROPN
cjfa-48749	136	38	�	�	PROPN
cjfa-48749	136	39	�	�	PROPN
cjfa-48749	136	40	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	PROPN
cjfa-48749	136	41	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	137	1	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	137	2	𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑇𝑇𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑀𝑀𝑠𝑠	𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑇𝑇𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑀𝑀𝑠𝑠	NOUN
cjfa-48749	137	3	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	NOUN
cjfa-48749	137	4	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	X
cjfa-48749	137	5	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	ADP
cjfa-48749	137	6	𝑀𝑀𝑠𝑠𝑠𝑠𝑀𝑀𝑀𝑀𝑠𝑠	𝑀𝑀𝑠𝑠𝑠𝑠𝑀𝑀𝑀𝑀𝑠𝑠	ADJ
cjfa-48749	137	7	�	�	PROPN
cjfa-48749	137	8	2	2	NUM
cjfa-48749	137	9	�	�	PROPN
cjfa-48749	137	10	market	market	NOUN
cjfa-48749	137	11	value	value	NOUN
cjfa-48749	137	12	of	of	ADP
cjfa-48749	137	13	equity	equity	NOUN
cjfa-48749	137	14	:	:	PUNCT
cjfa-48749	137	15	the	the	DET
cjfa-48749	137	16	average	average	NOUN
cjfa-48749	137	17	of	of	ADP
cjfa-48749	137	18	daily	daily	ADJ
cjfa-48749	137	19	closing	closing	NOUN
cjfa-48749	137	20	price	price	NOUN
cjfa-48749	137	21	times	time	NOUN
cjfa-48749	137	22	number	number	NOUN
cjfa-48749	137	23	of	of	ADP
cjfa-48749	137	24	outstanding	outstanding	ADJ
cjfa-48749	137	25	shares	share	NOUN
cjfa-48749	137	26	book	book	NOUN
cjfa-48749	137	27	value	value	NOUN
cjfa-48749	137	28	of	of	ADP
cjfa-48749	137	29	liabilities	liability	NOUN
cjfa-48749	137	30	:	:	PUNCT
cjfa-48749	137	31	total	total	ADJ
cjfa-48749	137	32	liabilities	liability	NOUN
cjfa-48749	137	33	book	book	NOUN
cjfa-48749	137	34	value	value	NOUN
cjfa-48749	137	35	of	of	ADP
cjfa-48749	137	36	assets	asset	NOUN
cjfa-48749	137	37	:	:	PUNCT
cjfa-48749	137	38	total	total	ADJ
cjfa-48749	137	39	assets	asset	NOUN
cjfa-48749	137	40	the	the	DET
cjfa-48749	137	41	fourth	fourth	ADJ
cjfa-48749	137	42	proxy	proxy	NOUN
cjfa-48749	137	43	is	be	AUX
cjfa-48749	137	44	market	market	NOUN
cjfa-48749	137	45	value	value	NOUN
cjfa-48749	137	46	added	add	VERB
cjfa-48749	137	47	.	.	PUNCT
cjfa-48749	138	1	following	follow	VERB
cjfa-48749	138	2	(	(	PUNCT
cjfa-48749	138	3	young	young	ADJ
cjfa-48749	138	4	&	&	CCONJ
cjfa-48749	138	5	o’byrne	o’byrne	PROPN
cjfa-48749	138	6	,	,	PUNCT
cjfa-48749	138	7	2001	2001	NUM
cjfa-48749	138	8	)	)	PUNCT
cjfa-48749	138	9	,	,	PUNCT
cjfa-48749	138	10	mva	mva	NOUN
cjfa-48749	138	11	is	be	AUX
cjfa-48749	138	12	calculated	calculate	VERB
cjfa-48749	138	13	as	as	SCONJ
cjfa-48749	138	14	follows	follow	VERB
cjfa-48749	138	15	:	:	PUNCT
cjfa-48749	138	16	𝑀𝑀𝑅𝑅𝐷𝐷	𝑀𝑀𝑅𝑅𝐷𝐷	PROPN
cjfa-48749	138	17	�	�	PROPN
cjfa-48749	138	18	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	PROPN
cjfa-48749	138	19	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	139	1	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	139	2	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	NOUN
cjfa-48749	139	3	�	�	PROPN
cjfa-48749	139	4	𝑇𝑇𝑇𝑇𝑣𝑣𝑀𝑀𝑠𝑠𝑀𝑀𝑀𝑀	𝑇𝑇𝑇𝑇𝑣𝑣𝑀𝑀𝑠𝑠𝑀𝑀𝑀𝑀	NOUN
cjfa-48749	139	5	�	�	PROPN
cjfa-48749	139	6	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	NOUN
cjfa-48749	139	7	�	�	PROPN
cjfa-48749	139	8	3	3	NUM
cjfa-48749	139	9	�	�	PROPN
cjfa-48749	139	10	market	market	NOUN
cjfa-48749	139	11	value	value	NOUN
cjfa-48749	139	12	of	of	ADP
cjfa-48749	139	13	capital	capital	NOUN
cjfa-48749	139	14	:	:	PUNCT
cjfa-48749	139	15	the	the	DET
cjfa-48749	139	16	average	average	NOUN
cjfa-48749	139	17	of	of	ADP
cjfa-48749	139	18	daily	daily	ADJ
cjfa-48749	139	19	closing	closing	NOUN
cjfa-48749	139	20	price	price	NOUN
cjfa-48749	139	21	times	time	NOUN
cjfa-48749	139	22	number	number	NOUN
cjfa-48749	139	23	of	of	ADP
cjfa-48749	139	24	outstanding	outstanding	ADJ
cjfa-48749	139	25	shares	share	NOUN
cjfa-48749	139	26	invested	invest	VERB
cjfa-48749	139	27	capital	capital	NOUN
cjfa-48749	139	28	:	:	PUNCT
cjfa-48749	139	29	total	total	ADJ
cjfa-48749	139	30	equity	equity	NOUN
cjfa-48749	139	31	independent	independent	ADJ
cjfa-48749	139	32	variable	variable	ADJ
cjfa-48749	139	33	financial	financial	ADJ
cjfa-48749	139	34	reporting	reporting	NOUN
cjfa-48749	139	35	quality	quality	NOUN
cjfa-48749	139	36	is	be	AUX
cjfa-48749	139	37	measured	measure	VERB
cjfa-48749	139	38	using	use	VERB
cjfa-48749	139	39	two	two	NUM
cjfa-48749	139	40	proxies	proxy	NOUN
cjfa-48749	139	41	.	.	PUNCT
cjfa-48749	140	1	the	the	DET
cjfa-48749	140	2	first	first	ADJ
cjfa-48749	140	3	proxy	proxy	NOUN
cjfa-48749	140	4	is	be	AUX
cjfa-48749	140	5	quality	quality	NOUN
cjfa-48749	140	6	of	of	ADP
cjfa-48749	140	7	accruals	accrual	NOUN
cjfa-48749	140	8	through	through	ADP
cjfa-48749	140	9	the	the	DET
cjfa-48749	140	10	ball	ball	NOUN
cjfa-48749	140	11	-	-	PUNCT
cjfa-48749	140	12	shivakumar	shivakumar	PROPN
cjfa-48749	140	13	model	model	NOUN
cjfa-48749	140	14	(	(	PUNCT
cjfa-48749	140	15	aq	aq	NOUN
cjfa-48749	140	16	)	)	PUNCT
cjfa-48749	140	17	(	(	PUNCT
cjfa-48749	140	18	martínez	martínez	NOUN
cjfa-48749	140	19	-	-	PUNCT
cjfa-48749	140	20	ferrero	ferrero	PROPN
cjfa-48749	140	21	et	et	PROPN
cjfa-48749	140	22	al	al	PROPN
cjfa-48749	140	23	.	.	PROPN
cjfa-48749	140	24	,	,	PUNCT
cjfa-48749	140	25	2015	2015	NUM
cjfa-48749	140	26	):	):	PUNCT
cjfa-48749	140	27	∆𝑊𝑊𝑊𝑊	∆𝑊𝑊𝑊𝑊	PROPN
cjfa-48749	140	28	�	�	PROPN
cjfa-48749	140	29	�	�	PROPN
cjfa-48749	140	30	�	�	PROPN
cjfa-48749	140	31	�	�	PROPN
cjfa-48749	140	32	�	�	PROPN
cjfa-48749	140	33	�	�	PROPN
cjfa-48749	140	34	�	�	PROPN
cjfa-48749	140	35	�	�	PROPN
cjfa-48749	140	36	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	140	37	�	�	PROPN
cjfa-48749	140	38	,	,	PUNCT
cjfa-48749	140	39	�	�	PROPN
cjfa-48749	140	40	�	�	PROPN
cjfa-48749	140	41	�	�	PROPN
cjfa-48749	140	42	�	�	PROPN
cjfa-48749	140	43	�	�	PROPN
cjfa-48749	140	44	�	�	PROPN
cjfa-48749	140	45	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	140	46	�	�	PROPN
cjfa-48749	140	47	,	,	PUNCT
cjfa-48749	140	48	�	�	PROPN
cjfa-48749	140	49	�	�	PROPN
cjfa-48749	140	50	�	�	PROPN
cjfa-48749	140	51	�	�	PROPN
cjfa-48749	140	52	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	140	53	�	�	PROPN
cjfa-48749	140	54	,	,	PUNCT
cjfa-48749	140	55	�	�	PROPN
cjfa-48749	140	56	�	�	PROPN
cjfa-48749	140	57	�	�	PROPN
cjfa-48749	140	58	�	�	PROPN
cjfa-48749	140	59	�	�	PROPN
cjfa-48749	140	60	�	�	PROPN
cjfa-48749	140	61	∆𝑅𝑅𝑅𝑅𝑅𝑅	∆𝑅𝑅𝑅𝑅𝑅𝑅	NOUN
cjfa-48749	140	62	�	�	PROPN
cjfa-48749	140	63	,	,	PUNCT
cjfa-48749	140	64	�	�	PROPN
cjfa-48749	140	65	�	�	PROPN
cjfa-48749	140	66	�	�	PROPN
cjfa-48749	140	67	�	�	PROPN
cjfa-48749	140	68	𝑃𝑃𝑃𝑃𝑅𝑅	𝑃𝑃𝑃𝑃𝑅𝑅	PROPN
cjfa-48749	140	69	�	�	PROPN
cjfa-48749	140	70	,	,	PUNCT
cjfa-48749	140	71	�	�	PROPN
cjfa-48749	140	72	�	�	PROPN
cjfa-48749	140	73	�	�	PROPN
cjfa-48749	140	74	�	�	PROPN
cjfa-48749	140	75	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	140	76	�	�	PROPN
cjfa-48749	140	77	,	,	PUNCT
cjfa-48749	140	78	�	�	PROPN
cjfa-48749	140	79	�	�	PROPN
cjfa-48749	140	80	�	�	PROPN
cjfa-48749	140	81	�	�	PROPN
cjfa-48749	140	82	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	140	83	�	�	PROPN
cjfa-48749	140	84	,	,	PUNCT
cjfa-48749	140	85	�	�	PROPN
cjfa-48749	140	86	∗	∗	NOUN
cjfa-48749	140	87	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	140	88	�	�	PROPN
cjfa-48749	140	89	,	,	PUNCT
cjfa-48749	140	90	�	�	PROPN
cjfa-48749	140	91	�	�	PROPN
cjfa-48749	140	92	�	�	PROPN
cjfa-48749	140	93	�	�	PROPN
cjfa-48749	140	94	4	4	NUM
cjfa-48749	140	95	�	�	PROPN
cjfa-48749	140	96	wcit	wcit	PROPN
cjfa-48749	140	97	:	:	PUNCT
cjfa-48749	140	98			X
cjfa-48749	141	1	account	account	VERB
cjfa-48749	141	2	receivable	receivable	ADJ
cjfa-48749	141	3	+	+	CCONJ
cjfa-48749	141	4			NOUN
cjfa-48749	141	5	inventory	inventory	NOUN
cjfa-48749	141	6			NOUN
cjfa-48749	141	7	account	account	VERB
cjfa-48749	141	8	payable	payable	ADJ
cjfa-48749	141	9			NOUN
cjfa-48749	141	10	taxes	taxis	NOUN
cjfa-48749	141	11	payable	payable	ADJ
cjfa-48749	141	12	+	+	CCONJ
cjfa-48749	141	13			VERB
cjfa-48749	141	14	other	other	ADJ
cjfa-48749	141	15	assets	asset	NOUN
cjfa-48749	141	16	cfo	cfo	PROPN
cjfa-48749	141	17	:	:	PUNCT
cjfa-48749	141	18	operating	operate	VERB
cjfa-48749	141	19	cash	cash	NOUN
cjfa-48749	141	20	flows	flow	NOUN
cjfa-48749	141	21	revenue	revenue	VERB
cjfa-48749	141	22	:	:	PUNCT
cjfa-48749	141	23	changes	change	NOUN
cjfa-48749	141	24	in	in	ADP
cjfa-48749	141	25	revenue	revenue	NOUN
cjfa-48749	141	26	ppe	ppe	NOUN
cjfa-48749	141	27	:	:	PUNCT
cjfa-48749	141	28	property	property	NOUN
cjfa-48749	141	29	,	,	PUNCT
cjfa-48749	141	30	plant	plant	NOUN
cjfa-48749	141	31	,	,	PUNCT
cjfa-48749	141	32	and	and	CCONJ
cjfa-48749	141	33	equipment	equipment	NOUN
cjfa-48749	141	34	docf	docf	PROPN
cjfa-48749	141	35	:	:	PUNCT
cjfa-48749	141	36	indicator	indicator	NOUN
cjfa-48749	141	37	variable	variable	NOUN
cjfa-48749	141	38	for	for	ADP
cjfa-48749	141	39	negative	negative	ADJ
cjfa-48749	141	40	cash	cash	NOUN
cjfa-48749	141	41	flows	flow	NOUN
cjfa-48749	141	42	i	i	PRON
cjfa-48749	141	43	indicates	indicate	VERB
cjfa-48749	141	44	the	the	DET
cjfa-48749	141	45	company	company	NOUN
cjfa-48749	141	46	and	and	CCONJ
cjfa-48749	141	47	t	t	PROPN
cjfa-48749	141	48	refers	refer	VERB
cjfa-48749	141	49	to	to	ADP
cjfa-48749	141	50	the	the	DET
cjfa-48749	141	51	time	time	NOUN
cjfa-48749	141	52	period	period	NOUN
cjfa-48749	141	53	.	.	PUNCT
cjfa-48749	142	1	all	all	DET
cjfa-48749	142	2	variable	variable	ADJ
cjfa-48749	142	3	in	in	ADP
cjfa-48749	142	4	equation	equation	NOUN
cjfa-48749	142	5	is	be	AUX
cjfa-48749	142	6	scaled	scale	VERB
cjfa-48749	142	7	with	with	ADP
cjfa-48749	142	8	total	total	ADJ
cjfa-48749	142	9	assets	asset	NOUN
cjfa-48749	142	10	,	,	PUNCT
cjfa-48749	142	11	except	except	SCONJ
cjfa-48749	142	12	for	for	ADP
cjfa-48749	142	13	docf	docf	PROPN
cjfa-48749	142	14	.	.	PUNCT
cjfa-48749	143	1	the	the	DET
cjfa-48749	143	2	absolute	absolute	ADJ
cjfa-48749	143	3	value	value	NOUN
cjfa-48749	143	4	of	of	ADP
cjfa-48749	143	5	residuals	residual	NOUN
cjfa-48749	143	6	from	from	ADP
cjfa-48749	143	7	this	this	DET
cjfa-48749	143	8	model	model	NOUN
cjfa-48749	143	9	is	be	AUX
cjfa-48749	143	10	used	use	VERB
cjfa-48749	143	11	as	as	ADP
cjfa-48749	143	12	proxy	proxy	NOUN
cjfa-48749	143	13	for	for	ADP
cjfa-48749	143	14	aq	aq	NOUN
cjfa-48749	143	15	.	.	PUNCT
cjfa-48749	144	1	the	the	DET
cjfa-48749	144	2	lower	low	ADJ
cjfa-48749	144	3	degree	degree	NOUN
cjfa-48749	144	4	of	of	ADP
cjfa-48749	144	5	this	this	DET
cjfa-48749	144	6	proxy	proxy	NOUN
cjfa-48749	144	7	,	,	PUNCT
cjfa-48749	144	8	the	the	DET
cjfa-48749	144	9	higher	high	ADJ
cjfa-48749	144	10	degree	degree	NOUN
cjfa-48749	144	11	of	of	ADP
cjfa-48749	144	12	aq	aq	ADP
cjfa-48749	144	13	,	,	PUNCT
cjfa-48749	144	14	which	which	PRON
cjfa-48749	144	15	means	mean	VERB
cjfa-48749	144	16	higher	high	ADJ
cjfa-48749	144	17	frq	frq	PROPN
cjfa-48749	144	18	.	.	PUNCT
cjfa-48749	145	1	the	the	DET
cjfa-48749	145	2	second	second	ADJ
cjfa-48749	145	3	proxy	proxy	NOUN
cjfa-48749	145	4	is	be	AUX
cjfa-48749	145	5	earnings	earning	NOUN
cjfa-48749	145	6	management	management	NOUN
cjfa-48749	145	7	through	through	ADP
cjfa-48749	145	8	accruals	accrual	NOUN
cjfa-48749	145	9	(	(	PUNCT
cjfa-48749	145	10	em	em	PRON
cjfa-48749	145	11	)	)	PUNCT
cjfa-48749	145	12	.	.	PUNCT
cjfa-48749	146	1	low	low	ADJ
cjfa-48749	146	2	values	value	NOUN
cjfa-48749	146	3	of	of	ADP
cjfa-48749	146	4	em	em	PRON
cjfa-48749	146	5	represents	represent	VERB
cjfa-48749	146	6	low	low	ADJ
cjfa-48749	146	7	level	level	NOUN
cjfa-48749	146	8	of	of	ADP
cjfa-48749	146	9	earnings	earning	NOUN
cjfa-48749	146	10	management	management	NOUN
cjfa-48749	146	11	activities	activity	NOUN
cjfa-48749	146	12	that	that	PRON
cjfa-48749	146	13	is	be	AUX
cjfa-48749	146	14	associated	associate	VERB
cjfa-48749	146	15	with	with	ADP
cjfa-48749	146	16	higher	high	ADJ
cjfa-48749	146	17	frq	frq	PROPN
cjfa-48749	146	18	.	.	PROPN
cjfa-48749	146	19	modified	modify	VERB
cjfa-48749	146	20	jones	jones	PROPN
cjfa-48749	146	21	model	model	PROPN
cjfa-48749	146	22	is	be	AUX
cjfa-48749	146	23	used	use	VERB
cjfa-48749	146	24	in	in	ADP
cjfa-48749	146	25	calculating	calculate	VERB
cjfa-48749	146	26	em	em	PRON
cjfa-48749	146	27	(	(	PUNCT
cjfa-48749	146	28	dechow	dechow	ADJ
cjfa-48749	146	29	,	,	PUNCT
cjfa-48749	146	30	sloan	sloan	PROPN
cjfa-48749	146	31	&	&	CCONJ
cjfa-48749	146	32	sweeney	sweeney	PROPN
cjfa-48749	146	33	,	,	PUNCT
cjfa-48749	146	34	1995	1995	NUM
cjfa-48749	146	35	):	):	PUNCT
cjfa-48749	146	36	𝐷𝐷𝐷𝐷	𝐷𝐷𝐷𝐷	PROPN
cjfa-48749	146	37	�	�	PROPN
cjfa-48749	146	38	�	�	PROPN
cjfa-48749	146	39	�	�	PROPN
cjfa-48749	146	40	𝑇𝑇𝐷𝐷𝑊𝑊	𝑇𝑇𝐷𝐷𝑊𝑊	PROPN
cjfa-48749	146	41	�	�	PROPN
cjfa-48749	146	42	,	,	PUNCT
cjfa-48749	146	43	�	�	PROPN
cjfa-48749	146	44	𝑇𝑇𝐷𝐷	𝑇𝑇𝐷𝐷	PROPN
cjfa-48749	146	45	�	�	PROPN
cjfa-48749	146	46	,	,	PUNCT
cjfa-48749	146	47	�	�	PROPN
cjfa-48749	146	48	�	�	PROPN
cjfa-48749	146	49	�	�	PROPN
cjfa-48749	146	50	�	�	PROPN
cjfa-48749	146	51	�	�	PROPN
cjfa-48749	146	52	𝐷𝐷𝐷𝐷	𝐷𝐷𝐷𝐷	PROPN
cjfa-48749	146	53	�	�	PROPN
cjfa-48749	146	54	,	,	PUNCT
cjfa-48749	146	55	�	�	PROPN
cjfa-48749	146	56	�	�	PROPN
cjfa-48749	147	1	5	5	NUM
cjfa-48749	147	2	�	�	PROPN
cjfa-48749	147	3	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	PROPN
cjfa-48749	147	4	�	�	PROPN
cjfa-48749	147	5	𝑠𝑠	𝑠𝑠	PROPN
cjfa-48749	147	6	�	�	PROPN
cjfa-48749	147	7	�	�	PROPN
cjfa-48749	147	8	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	PROPN
cjfa-48749	147	9	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	147	10	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	147	11	𝑀𝑀	𝑀𝑀	PROPN
cjfa-48749	147	12	�	�	PROPN
cjfa-48749	147	13	𝑣𝑣𝑇𝑇𝑀𝑀	𝑣𝑣𝑇𝑇𝑀𝑀	PROPN
cjfa-48749	147	14	�	�	PROPN
cjfa-48749	147	15	�	�	PROPN
cjfa-48749	147	16	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	PROPN
cjfa-48749	147	17	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	147	18	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	148	1	𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑇𝑇𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑀𝑀𝑠𝑠	𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑇𝑇𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑀𝑀𝑠𝑠	NOUN
cjfa-48749	148	2	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	NOUN
cjfa-48749	148	3	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	X
cjfa-48749	148	4	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	ADP
cjfa-48749	148	5	𝑀𝑀𝑠𝑠𝑠𝑠𝑀𝑀𝑀𝑀𝑠𝑠	𝑀𝑀𝑠𝑠𝑠𝑠𝑀𝑀𝑀𝑀𝑠𝑠	ADJ
cjfa-48749	148	6	�	�	PROPN
cjfa-48749	148	7	2	2	NUM
cjfa-48749	148	8	�	�	PROPN
cjfa-48749	148	9	market	market	NOUN
cjfa-48749	148	10	value	value	NOUN
cjfa-48749	148	11	of	of	ADP
cjfa-48749	148	12	equity	equity	NOUN
cjfa-48749	148	13	:	:	PUNCT
cjfa-48749	148	14	the	the	DET
cjfa-48749	148	15	average	average	NOUN
cjfa-48749	148	16	of	of	ADP
cjfa-48749	148	17	daily	daily	ADJ
cjfa-48749	148	18	closing	closing	NOUN
cjfa-48749	148	19	price	price	NOUN
cjfa-48749	148	20	times	time	NOUN
cjfa-48749	148	21	number	number	NOUN
cjfa-48749	148	22	of	of	ADP
cjfa-48749	148	23	outstanding	outstanding	ADJ
cjfa-48749	148	24	shares	share	NOUN
cjfa-48749	148	25	book	book	NOUN
cjfa-48749	148	26	value	value	NOUN
cjfa-48749	148	27	of	of	ADP
cjfa-48749	148	28	liabilities	liability	NOUN
cjfa-48749	148	29	:	:	PUNCT
cjfa-48749	148	30	total	total	ADJ
cjfa-48749	148	31	liabilities	liability	NOUN
cjfa-48749	148	32	book	book	NOUN
cjfa-48749	148	33	value	value	NOUN
cjfa-48749	148	34	of	of	ADP
cjfa-48749	148	35	assets	asset	NOUN
cjfa-48749	148	36	:	:	PUNCT
cjfa-48749	148	37	total	total	ADJ
cjfa-48749	148	38	assets	asset	NOUN
cjfa-48749	148	39	the	the	DET
cjfa-48749	148	40	fourth	fourth	ADJ
cjfa-48749	148	41	proxy	proxy	NOUN
cjfa-48749	148	42	is	be	AUX
cjfa-48749	148	43	market	market	NOUN
cjfa-48749	148	44	value	value	NOUN
cjfa-48749	148	45	added	add	VERB
cjfa-48749	148	46	.	.	PUNCT
cjfa-48749	149	1	following	follow	VERB
cjfa-48749	149	2	(	(	PUNCT
cjfa-48749	149	3	young	young	ADJ
cjfa-48749	149	4	&	&	CCONJ
cjfa-48749	149	5	o’byrne	o’byrne	PROPN
cjfa-48749	149	6	,	,	PUNCT
cjfa-48749	149	7	2001	2001	NUM
cjfa-48749	149	8	)	)	PUNCT
cjfa-48749	149	9	,	,	PUNCT
cjfa-48749	149	10	mva	mva	NOUN
cjfa-48749	149	11	is	be	AUX
cjfa-48749	149	12	calculated	calculate	VERB
cjfa-48749	149	13	as	as	SCONJ
cjfa-48749	149	14	follows	follow	VERB
cjfa-48749	149	15	:	:	PUNCT
cjfa-48749	149	16	𝑀𝑀𝑅𝑅𝐷𝐷	𝑀𝑀𝑅𝑅𝐷𝐷	PROPN
cjfa-48749	149	17	�	�	PROPN
cjfa-48749	149	18	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	PROPN
cjfa-48749	149	19	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	150	1	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	150	2	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	NOUN
cjfa-48749	150	3	�	�	PROPN
cjfa-48749	150	4	𝑇𝑇𝑇𝑇𝑣𝑣𝑀𝑀𝑠𝑠𝑀𝑀𝑀𝑀	𝑇𝑇𝑇𝑇𝑣𝑣𝑀𝑀𝑠𝑠𝑀𝑀𝑀𝑀	NOUN
cjfa-48749	150	5	�	�	PROPN
cjfa-48749	150	6	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	NOUN
cjfa-48749	150	7	�	�	PROPN
cjfa-48749	150	8	3	3	NUM
cjfa-48749	150	9	�	�	PROPN
cjfa-48749	150	10	market	market	NOUN
cjfa-48749	150	11	value	value	NOUN
cjfa-48749	150	12	of	of	ADP
cjfa-48749	150	13	capital	capital	NOUN
cjfa-48749	150	14	:	:	PUNCT
cjfa-48749	150	15	the	the	DET
cjfa-48749	150	16	average	average	NOUN
cjfa-48749	150	17	of	of	ADP
cjfa-48749	150	18	daily	daily	ADJ
cjfa-48749	150	19	closing	closing	NOUN
cjfa-48749	150	20	price	price	NOUN
cjfa-48749	150	21	times	time	NOUN
cjfa-48749	150	22	number	number	NOUN
cjfa-48749	150	23	of	of	ADP
cjfa-48749	150	24	outstanding	outstanding	ADJ
cjfa-48749	150	25	shares	share	NOUN
cjfa-48749	150	26	invested	invest	VERB
cjfa-48749	150	27	capital	capital	NOUN
cjfa-48749	150	28	:	:	PUNCT
cjfa-48749	150	29	total	total	ADJ
cjfa-48749	150	30	equity	equity	NOUN
cjfa-48749	150	31	independent	independent	ADJ
cjfa-48749	150	32	variable	variable	ADJ
cjfa-48749	150	33	financial	financial	ADJ
cjfa-48749	150	34	reporting	reporting	NOUN
cjfa-48749	150	35	quality	quality	NOUN
cjfa-48749	150	36	is	be	AUX
cjfa-48749	150	37	measured	measure	VERB
cjfa-48749	150	38	using	use	VERB
cjfa-48749	150	39	two	two	NUM
cjfa-48749	150	40	proxies	proxy	NOUN
cjfa-48749	150	41	.	.	PUNCT
cjfa-48749	151	1	the	the	DET
cjfa-48749	151	2	first	first	ADJ
cjfa-48749	151	3	proxy	proxy	NOUN
cjfa-48749	151	4	is	be	AUX
cjfa-48749	151	5	quality	quality	NOUN
cjfa-48749	151	6	of	of	ADP
cjfa-48749	151	7	accruals	accrual	NOUN
cjfa-48749	151	8	through	through	ADP
cjfa-48749	151	9	the	the	DET
cjfa-48749	151	10	ball	ball	NOUN
cjfa-48749	151	11	-	-	PUNCT
cjfa-48749	151	12	shivakumar	shivakumar	PROPN
cjfa-48749	151	13	model	model	NOUN
cjfa-48749	151	14	(	(	PUNCT
cjfa-48749	151	15	aq	aq	NOUN
cjfa-48749	151	16	)	)	PUNCT
cjfa-48749	151	17	(	(	PUNCT
cjfa-48749	151	18	martínez	martínez	NOUN
cjfa-48749	151	19	-	-	PUNCT
cjfa-48749	151	20	ferrero	ferrero	PROPN
cjfa-48749	151	21	et	et	PROPN
cjfa-48749	151	22	al	al	PROPN
cjfa-48749	151	23	.	.	PROPN
cjfa-48749	151	24	,	,	PUNCT
cjfa-48749	151	25	2015	2015	NUM
cjfa-48749	151	26	):	):	PUNCT
cjfa-48749	151	27	∆𝑊𝑊𝑊𝑊	∆𝑊𝑊𝑊𝑊	PROPN
cjfa-48749	151	28	�	�	PROPN
cjfa-48749	151	29	�	�	PROPN
cjfa-48749	151	30	�	�	PROPN
cjfa-48749	151	31	�	�	PROPN
cjfa-48749	151	32	�	�	PROPN
cjfa-48749	151	33	�	�	PROPN
cjfa-48749	151	34	�	�	PROPN
cjfa-48749	151	35	�	�	PROPN
cjfa-48749	151	36	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	151	37	�	�	PROPN
cjfa-48749	151	38	,	,	PUNCT
cjfa-48749	151	39	�	�	PROPN
cjfa-48749	151	40	�	�	PROPN
cjfa-48749	151	41	�	�	PROPN
cjfa-48749	151	42	�	�	PROPN
cjfa-48749	151	43	�	�	PROPN
cjfa-48749	151	44	�	�	PROPN
cjfa-48749	151	45	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	151	46	�	�	PROPN
cjfa-48749	151	47	,	,	PUNCT
cjfa-48749	151	48	�	�	PROPN
cjfa-48749	151	49	�	�	PROPN
cjfa-48749	151	50	�	�	PROPN
cjfa-48749	151	51	�	�	PROPN
cjfa-48749	151	52	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	151	53	�	�	PROPN
cjfa-48749	151	54	,	,	PUNCT
cjfa-48749	151	55	�	�	PROPN
cjfa-48749	151	56	�	�	PROPN
cjfa-48749	151	57	�	�	PROPN
cjfa-48749	151	58	�	�	PROPN
cjfa-48749	151	59	�	�	PROPN
cjfa-48749	151	60	�	�	PROPN
cjfa-48749	151	61	∆𝑅𝑅𝑅𝑅𝑅𝑅	∆𝑅𝑅𝑅𝑅𝑅𝑅	NOUN
cjfa-48749	151	62	�	�	PROPN
cjfa-48749	151	63	,	,	PUNCT
cjfa-48749	151	64	�	�	PROPN
cjfa-48749	151	65	�	�	PROPN
cjfa-48749	151	66	�	�	PROPN
cjfa-48749	151	67	�	�	PROPN
cjfa-48749	151	68	𝑃𝑃𝑃𝑃𝑅𝑅	𝑃𝑃𝑃𝑃𝑅𝑅	PROPN
cjfa-48749	151	69	�	�	PROPN
cjfa-48749	151	70	,	,	PUNCT
cjfa-48749	151	71	�	�	PROPN
cjfa-48749	151	72	�	�	PROPN
cjfa-48749	151	73	�	�	PROPN
cjfa-48749	151	74	�	�	PROPN
cjfa-48749	151	75	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	151	76	�	�	PROPN
cjfa-48749	151	77	,	,	PUNCT
cjfa-48749	151	78	�	�	PROPN
cjfa-48749	151	79	�	�	PROPN
cjfa-48749	151	80	�	�	PROPN
cjfa-48749	151	81	�	�	PROPN
cjfa-48749	151	82	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	151	83	�	�	PROPN
cjfa-48749	151	84	,	,	PUNCT
cjfa-48749	151	85	�	�	PROPN
cjfa-48749	151	86	∗	∗	NOUN
cjfa-48749	151	87	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	151	88	�	�	PROPN
cjfa-48749	151	89	,	,	PUNCT
cjfa-48749	151	90	�	�	PROPN
cjfa-48749	151	91	�	�	PROPN
cjfa-48749	151	92	�	�	PROPN
cjfa-48749	151	93	�	�	PROPN
cjfa-48749	151	94	4	4	NUM
cjfa-48749	151	95	�	�	PROPN
cjfa-48749	151	96	wcit	wcit	PROPN
cjfa-48749	151	97	:	:	PUNCT
cjfa-48749	151	98			X
cjfa-48749	152	1	account	account	VERB
cjfa-48749	152	2	receivable	receivable	ADJ
cjfa-48749	152	3	+	+	CCONJ
cjfa-48749	152	4			NOUN
cjfa-48749	152	5	inventory	inventory	NOUN
cjfa-48749	152	6			NOUN
cjfa-48749	152	7	account	account	VERB
cjfa-48749	152	8	payable	payable	ADJ
cjfa-48749	152	9			NOUN
cjfa-48749	152	10	taxes	taxis	NOUN
cjfa-48749	152	11	payable	payable	ADJ
cjfa-48749	152	12	+	+	CCONJ
cjfa-48749	152	13			VERB
cjfa-48749	152	14	other	other	ADJ
cjfa-48749	152	15	assets	asset	NOUN
cjfa-48749	152	16	cfo	cfo	PROPN
cjfa-48749	152	17	:	:	PUNCT
cjfa-48749	152	18	operating	operate	VERB
cjfa-48749	152	19	cash	cash	NOUN
cjfa-48749	152	20	flows	flow	NOUN
cjfa-48749	152	21	revenue	revenue	VERB
cjfa-48749	152	22	:	:	PUNCT
cjfa-48749	152	23	changes	change	NOUN
cjfa-48749	152	24	in	in	ADP
cjfa-48749	152	25	revenue	revenue	NOUN
cjfa-48749	152	26	ppe	ppe	NOUN
cjfa-48749	152	27	:	:	PUNCT
cjfa-48749	152	28	property	property	NOUN
cjfa-48749	152	29	,	,	PUNCT
cjfa-48749	152	30	plant	plant	NOUN
cjfa-48749	152	31	,	,	PUNCT
cjfa-48749	152	32	and	and	CCONJ
cjfa-48749	152	33	equipment	equipment	NOUN
cjfa-48749	152	34	docf	docf	PROPN
cjfa-48749	152	35	:	:	PUNCT
cjfa-48749	152	36	indicator	indicator	NOUN
cjfa-48749	152	37	variable	variable	NOUN
cjfa-48749	152	38	for	for	ADP
cjfa-48749	152	39	negative	negative	ADJ
cjfa-48749	152	40	cash	cash	NOUN
cjfa-48749	152	41	flows	flow	NOUN
cjfa-48749	152	42	i	i	PRON
cjfa-48749	152	43	indicates	indicate	VERB
cjfa-48749	152	44	the	the	DET
cjfa-48749	152	45	company	company	NOUN
cjfa-48749	152	46	and	and	CCONJ
cjfa-48749	152	47	t	t	PROPN
cjfa-48749	152	48	refers	refer	VERB
cjfa-48749	152	49	to	to	ADP
cjfa-48749	152	50	the	the	DET
cjfa-48749	152	51	time	time	NOUN
cjfa-48749	152	52	period	period	NOUN
cjfa-48749	152	53	.	.	PUNCT
cjfa-48749	153	1	all	all	DET
cjfa-48749	153	2	variable	variable	ADJ
cjfa-48749	153	3	in	in	ADP
cjfa-48749	153	4	equation	equation	NOUN
cjfa-48749	153	5	is	be	AUX
cjfa-48749	153	6	scaled	scale	VERB
cjfa-48749	153	7	with	with	ADP
cjfa-48749	153	8	total	total	ADJ
cjfa-48749	153	9	assets	asset	NOUN
cjfa-48749	153	10	,	,	PUNCT
cjfa-48749	153	11	except	except	SCONJ
cjfa-48749	153	12	for	for	ADP
cjfa-48749	153	13	docf	docf	PROPN
cjfa-48749	153	14	.	.	PUNCT
cjfa-48749	154	1	the	the	DET
cjfa-48749	154	2	absolute	absolute	ADJ
cjfa-48749	154	3	value	value	NOUN
cjfa-48749	154	4	of	of	ADP
cjfa-48749	154	5	residuals	residual	NOUN
cjfa-48749	154	6	from	from	ADP
cjfa-48749	154	7	this	this	DET
cjfa-48749	154	8	model	model	NOUN
cjfa-48749	154	9	is	be	AUX
cjfa-48749	154	10	used	use	VERB
cjfa-48749	154	11	as	as	ADP
cjfa-48749	154	12	proxy	proxy	NOUN
cjfa-48749	154	13	for	for	ADP
cjfa-48749	154	14	aq	aq	NOUN
cjfa-48749	154	15	.	.	PUNCT
cjfa-48749	155	1	the	the	DET
cjfa-48749	155	2	lower	low	ADJ
cjfa-48749	155	3	degree	degree	NOUN
cjfa-48749	155	4	of	of	ADP
cjfa-48749	155	5	this	this	DET
cjfa-48749	155	6	proxy	proxy	NOUN
cjfa-48749	155	7	,	,	PUNCT
cjfa-48749	155	8	the	the	DET
cjfa-48749	155	9	higher	high	ADJ
cjfa-48749	155	10	degree	degree	NOUN
cjfa-48749	155	11	of	of	ADP
cjfa-48749	155	12	aq	aq	ADP
cjfa-48749	155	13	,	,	PUNCT
cjfa-48749	155	14	which	which	PRON
cjfa-48749	155	15	means	mean	VERB
cjfa-48749	155	16	higher	high	ADJ
cjfa-48749	155	17	frq	frq	PROPN
cjfa-48749	155	18	.	.	PUNCT
cjfa-48749	156	1	the	the	DET
cjfa-48749	156	2	second	second	ADJ
cjfa-48749	156	3	proxy	proxy	NOUN
cjfa-48749	156	4	is	be	AUX
cjfa-48749	156	5	earnings	earning	NOUN
cjfa-48749	156	6	management	management	NOUN
cjfa-48749	156	7	through	through	ADP
cjfa-48749	156	8	accruals	accrual	NOUN
cjfa-48749	156	9	(	(	PUNCT
cjfa-48749	156	10	em	em	PRON
cjfa-48749	156	11	)	)	PUNCT
cjfa-48749	156	12	.	.	PUNCT
cjfa-48749	157	1	low	low	ADJ
cjfa-48749	157	2	values	value	NOUN
cjfa-48749	157	3	of	of	ADP
cjfa-48749	157	4	em	em	PRON
cjfa-48749	157	5	represents	represent	VERB
cjfa-48749	157	6	low	low	ADJ
cjfa-48749	157	7	level	level	NOUN
cjfa-48749	157	8	of	of	ADP
cjfa-48749	157	9	earnings	earning	NOUN
cjfa-48749	157	10	management	management	NOUN
cjfa-48749	157	11	activities	activity	NOUN
cjfa-48749	157	12	that	that	PRON
cjfa-48749	157	13	is	be	AUX
cjfa-48749	157	14	associated	associate	VERB
cjfa-48749	157	15	with	with	ADP
cjfa-48749	157	16	higher	high	ADJ
cjfa-48749	157	17	frq	frq	PROPN
cjfa-48749	157	18	.	.	PROPN
cjfa-48749	157	19	modified	modify	VERB
cjfa-48749	157	20	jones	jones	PROPN
cjfa-48749	157	21	model	model	PROPN
cjfa-48749	157	22	is	be	AUX
cjfa-48749	157	23	used	use	VERB
cjfa-48749	157	24	in	in	ADP
cjfa-48749	157	25	calculating	calculate	VERB
cjfa-48749	157	26	em	em	PRON
cjfa-48749	157	27	(	(	PUNCT
cjfa-48749	157	28	dechow	dechow	ADJ
cjfa-48749	157	29	,	,	PUNCT
cjfa-48749	157	30	sloan	sloan	PROPN
cjfa-48749	157	31	&	&	CCONJ
cjfa-48749	157	32	sweeney	sweeney	PROPN
cjfa-48749	157	33	,	,	PUNCT
cjfa-48749	157	34	1995	1995	NUM
cjfa-48749	157	35	):	):	PUNCT
cjfa-48749	157	36	𝐷𝐷𝐷𝐷	𝐷𝐷𝐷𝐷	PROPN
cjfa-48749	157	37	�	�	PROPN
cjfa-48749	157	38	�	�	PROPN
cjfa-48749	157	39	�	�	PROPN
cjfa-48749	157	40	𝑇𝑇𝐷𝐷𝑊𝑊	𝑇𝑇𝐷𝐷𝑊𝑊	PROPN
cjfa-48749	157	41	�	�	PROPN
cjfa-48749	157	42	,	,	PUNCT
cjfa-48749	157	43	�	�	PROPN
cjfa-48749	157	44	𝑇𝑇𝐷𝐷	𝑇𝑇𝐷𝐷	PROPN
cjfa-48749	157	45	�	�	PROPN
cjfa-48749	157	46	,	,	PUNCT
cjfa-48749	157	47	�	�	PROPN
cjfa-48749	157	48	�	�	PROPN
cjfa-48749	157	49	�	�	PROPN
cjfa-48749	157	50	�	�	PROPN
cjfa-48749	157	51	�	�	PROPN
cjfa-48749	157	52	𝐷𝐷𝐷𝐷	𝐷𝐷𝐷𝐷	PROPN
cjfa-48749	157	53	�	�	PROPN
cjfa-48749	157	54	,	,	PUNCT
cjfa-48749	157	55	�	�	PROPN
cjfa-48749	157	56	�	�	PROPN
cjfa-48749	158	1	5	5	NUM
cjfa-48749	158	2	�	�	PROPN
cjfa-48749	158	3	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	PROPN
cjfa-48749	158	4	�	�	PROPN
cjfa-48749	158	5	𝑠𝑠	𝑠𝑠	PROPN
cjfa-48749	158	6	�	�	PROPN
cjfa-48749	158	7	�	�	PROPN
cjfa-48749	158	8	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	PROPN
cjfa-48749	158	9	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	158	10	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	158	11	𝑀𝑀	𝑀𝑀	PROPN
cjfa-48749	158	12	�	�	PROPN
cjfa-48749	158	13	𝑣𝑣𝑇𝑇𝑀𝑀	𝑣𝑣𝑇𝑇𝑀𝑀	PROPN
cjfa-48749	158	14	�	�	PROPN
cjfa-48749	158	15	�	�	PROPN
cjfa-48749	158	16	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	PROPN
cjfa-48749	158	17	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	158	18	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	159	1	𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑇𝑇𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑀𝑀𝑠𝑠	𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑇𝑇𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑀𝑀𝑠𝑠	NOUN
cjfa-48749	159	2	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	NOUN
cjfa-48749	159	3	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	X
cjfa-48749	159	4	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	ADP
cjfa-48749	159	5	𝑀𝑀𝑠𝑠𝑠𝑠𝑀𝑀𝑀𝑀𝑠𝑠	𝑀𝑀𝑠𝑠𝑠𝑠𝑀𝑀𝑀𝑀𝑠𝑠	ADJ
cjfa-48749	159	6	�	�	PROPN
cjfa-48749	159	7	2	2	NUM
cjfa-48749	159	8	�	�	PROPN
cjfa-48749	159	9	market	market	NOUN
cjfa-48749	159	10	value	value	NOUN
cjfa-48749	159	11	of	of	ADP
cjfa-48749	159	12	equity	equity	NOUN
cjfa-48749	159	13	:	:	PUNCT
cjfa-48749	159	14	the	the	DET
cjfa-48749	159	15	average	average	NOUN
cjfa-48749	159	16	of	of	ADP
cjfa-48749	159	17	daily	daily	ADJ
cjfa-48749	159	18	closing	closing	NOUN
cjfa-48749	159	19	price	price	NOUN
cjfa-48749	159	20	times	time	NOUN
cjfa-48749	159	21	number	number	NOUN
cjfa-48749	159	22	of	of	ADP
cjfa-48749	159	23	outstanding	outstanding	ADJ
cjfa-48749	159	24	shares	share	NOUN
cjfa-48749	159	25	book	book	NOUN
cjfa-48749	159	26	value	value	NOUN
cjfa-48749	159	27	of	of	ADP
cjfa-48749	159	28	liabilities	liability	NOUN
cjfa-48749	159	29	:	:	PUNCT
cjfa-48749	159	30	total	total	ADJ
cjfa-48749	159	31	liabilities	liability	NOUN
cjfa-48749	159	32	book	book	NOUN
cjfa-48749	159	33	value	value	NOUN
cjfa-48749	159	34	of	of	ADP
cjfa-48749	159	35	assets	asset	NOUN
cjfa-48749	159	36	:	:	PUNCT
cjfa-48749	159	37	total	total	ADJ
cjfa-48749	159	38	assets	asset	NOUN
cjfa-48749	159	39	the	the	DET
cjfa-48749	159	40	fourth	fourth	ADJ
cjfa-48749	159	41	proxy	proxy	NOUN
cjfa-48749	159	42	is	be	AUX
cjfa-48749	159	43	market	market	NOUN
cjfa-48749	159	44	value	value	NOUN
cjfa-48749	159	45	added	add	VERB
cjfa-48749	159	46	.	.	PUNCT
cjfa-48749	160	1	following	follow	VERB
cjfa-48749	160	2	(	(	PUNCT
cjfa-48749	160	3	young	young	ADJ
cjfa-48749	160	4	&	&	CCONJ
cjfa-48749	160	5	o’byrne	o’byrne	PROPN
cjfa-48749	160	6	,	,	PUNCT
cjfa-48749	160	7	2001	2001	NUM
cjfa-48749	160	8	)	)	PUNCT
cjfa-48749	160	9	,	,	PUNCT
cjfa-48749	160	10	mva	mva	NOUN
cjfa-48749	160	11	is	be	AUX
cjfa-48749	160	12	calculated	calculate	VERB
cjfa-48749	160	13	as	as	SCONJ
cjfa-48749	160	14	follows	follow	VERB
cjfa-48749	160	15	:	:	PUNCT
cjfa-48749	160	16	𝑀𝑀𝑅𝑅𝐷𝐷	𝑀𝑀𝑅𝑅𝐷𝐷	PROPN
cjfa-48749	160	17	�	�	PROPN
cjfa-48749	160	18	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	PROPN
cjfa-48749	160	19	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	161	1	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	161	2	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	NOUN
cjfa-48749	161	3	�	�	PROPN
cjfa-48749	161	4	𝑇𝑇𝑇𝑇𝑣𝑣𝑀𝑀𝑠𝑠𝑀𝑀𝑀𝑀	𝑇𝑇𝑇𝑇𝑣𝑣𝑀𝑀𝑠𝑠𝑀𝑀𝑀𝑀	NOUN
cjfa-48749	161	5	�	�	PROPN
cjfa-48749	161	6	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	NOUN
cjfa-48749	161	7	�	�	PROPN
cjfa-48749	161	8	3	3	NUM
cjfa-48749	161	9	�	�	PROPN
cjfa-48749	161	10	market	market	NOUN
cjfa-48749	161	11	value	value	NOUN
cjfa-48749	161	12	of	of	ADP
cjfa-48749	161	13	capital	capital	NOUN
cjfa-48749	161	14	:	:	PUNCT
cjfa-48749	161	15	the	the	DET
cjfa-48749	161	16	average	average	NOUN
cjfa-48749	161	17	of	of	ADP
cjfa-48749	161	18	daily	daily	ADJ
cjfa-48749	161	19	closing	closing	NOUN
cjfa-48749	161	20	price	price	NOUN
cjfa-48749	161	21	times	time	NOUN
cjfa-48749	161	22	number	number	NOUN
cjfa-48749	161	23	of	of	ADP
cjfa-48749	161	24	outstanding	outstanding	ADJ
cjfa-48749	161	25	shares	share	NOUN
cjfa-48749	161	26	invested	invest	VERB
cjfa-48749	161	27	capital	capital	NOUN
cjfa-48749	161	28	:	:	PUNCT
cjfa-48749	161	29	total	total	ADJ
cjfa-48749	161	30	equity	equity	NOUN
cjfa-48749	161	31	independent	independent	ADJ
cjfa-48749	161	32	variable	variable	ADJ
cjfa-48749	161	33	financial	financial	ADJ
cjfa-48749	161	34	reporting	reporting	NOUN
cjfa-48749	161	35	quality	quality	NOUN
cjfa-48749	161	36	is	be	AUX
cjfa-48749	161	37	measured	measure	VERB
cjfa-48749	161	38	using	use	VERB
cjfa-48749	161	39	two	two	NUM
cjfa-48749	161	40	proxies	proxy	NOUN
cjfa-48749	161	41	.	.	PUNCT
cjfa-48749	162	1	the	the	DET
cjfa-48749	162	2	first	first	ADJ
cjfa-48749	162	3	proxy	proxy	NOUN
cjfa-48749	162	4	is	be	AUX
cjfa-48749	162	5	quality	quality	NOUN
cjfa-48749	162	6	of	of	ADP
cjfa-48749	162	7	accruals	accrual	NOUN
cjfa-48749	162	8	through	through	ADP
cjfa-48749	162	9	the	the	DET
cjfa-48749	162	10	ball	ball	NOUN
cjfa-48749	162	11	-	-	PUNCT
cjfa-48749	162	12	shivakumar	shivakumar	PROPN
cjfa-48749	162	13	model	model	NOUN
cjfa-48749	162	14	(	(	PUNCT
cjfa-48749	162	15	aq	aq	NOUN
cjfa-48749	162	16	)	)	PUNCT
cjfa-48749	162	17	(	(	PUNCT
cjfa-48749	162	18	martínez	martínez	NOUN
cjfa-48749	162	19	-	-	PUNCT
cjfa-48749	162	20	ferrero	ferrero	PROPN
cjfa-48749	162	21	et	et	PROPN
cjfa-48749	162	22	al	al	PROPN
cjfa-48749	162	23	.	.	PROPN
cjfa-48749	162	24	,	,	PUNCT
cjfa-48749	162	25	2015	2015	NUM
cjfa-48749	162	26	):	):	PUNCT
cjfa-48749	162	27	∆𝑊𝑊𝑊𝑊	∆𝑊𝑊𝑊𝑊	PROPN
cjfa-48749	162	28	�	�	PROPN
cjfa-48749	162	29	�	�	PROPN
cjfa-48749	162	30	�	�	PROPN
cjfa-48749	162	31	�	�	PROPN
cjfa-48749	162	32	�	�	PROPN
cjfa-48749	162	33	�	�	PROPN
cjfa-48749	162	34	�	�	PROPN
cjfa-48749	162	35	�	�	PROPN
cjfa-48749	162	36	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	162	37	�	�	PROPN
cjfa-48749	162	38	,	,	PUNCT
cjfa-48749	162	39	�	�	PROPN
cjfa-48749	162	40	�	�	PROPN
cjfa-48749	162	41	�	�	PROPN
cjfa-48749	162	42	�	�	PROPN
cjfa-48749	162	43	�	�	PROPN
cjfa-48749	162	44	�	�	PROPN
cjfa-48749	162	45	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	162	46	�	�	PROPN
cjfa-48749	162	47	,	,	PUNCT
cjfa-48749	162	48	�	�	PROPN
cjfa-48749	162	49	�	�	PROPN
cjfa-48749	162	50	�	�	PROPN
cjfa-48749	162	51	�	�	PROPN
cjfa-48749	162	52	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	162	53	�	�	PROPN
cjfa-48749	162	54	,	,	PUNCT
cjfa-48749	162	55	�	�	PROPN
cjfa-48749	162	56	�	�	PROPN
cjfa-48749	162	57	�	�	PROPN
cjfa-48749	162	58	�	�	PROPN
cjfa-48749	162	59	�	�	PROPN
cjfa-48749	162	60	�	�	PROPN
cjfa-48749	162	61	∆𝑅𝑅𝑅𝑅𝑅𝑅	∆𝑅𝑅𝑅𝑅𝑅𝑅	NOUN
cjfa-48749	162	62	�	�	PROPN
cjfa-48749	162	63	,	,	PUNCT
cjfa-48749	162	64	�	�	PROPN
cjfa-48749	162	65	�	�	PROPN
cjfa-48749	162	66	�	�	PROPN
cjfa-48749	162	67	�	�	PROPN
cjfa-48749	162	68	𝑃𝑃𝑃𝑃𝑅𝑅	𝑃𝑃𝑃𝑃𝑅𝑅	PROPN
cjfa-48749	162	69	�	�	PROPN
cjfa-48749	162	70	,	,	PUNCT
cjfa-48749	162	71	�	�	PROPN
cjfa-48749	162	72	�	�	PROPN
cjfa-48749	162	73	�	�	PROPN
cjfa-48749	162	74	�	�	PROPN
cjfa-48749	162	75	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	162	76	�	�	PROPN
cjfa-48749	162	77	,	,	PUNCT
cjfa-48749	162	78	�	�	PROPN
cjfa-48749	162	79	�	�	PROPN
cjfa-48749	162	80	�	�	PROPN
cjfa-48749	162	81	�	�	PROPN
cjfa-48749	162	82	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	162	83	�	�	PROPN
cjfa-48749	162	84	,	,	PUNCT
cjfa-48749	162	85	�	�	PROPN
cjfa-48749	162	86	∗	∗	NOUN
cjfa-48749	162	87	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	162	88	�	�	PROPN
cjfa-48749	162	89	,	,	PUNCT
cjfa-48749	162	90	�	�	PROPN
cjfa-48749	162	91	�	�	PROPN
cjfa-48749	162	92	�	�	PROPN
cjfa-48749	162	93	�	�	PROPN
cjfa-48749	162	94	4	4	NUM
cjfa-48749	162	95	�	�	PROPN
cjfa-48749	162	96	wcit	wcit	PROPN
cjfa-48749	162	97	:	:	PUNCT
cjfa-48749	162	98			X
cjfa-48749	163	1	account	account	VERB
cjfa-48749	163	2	receivable	receivable	ADJ
cjfa-48749	163	3	+	+	CCONJ
cjfa-48749	163	4			NOUN
cjfa-48749	163	5	inventory	inventory	NOUN
cjfa-48749	163	6			NOUN
cjfa-48749	163	7	account	account	VERB
cjfa-48749	163	8	payable	payable	ADJ
cjfa-48749	163	9			NOUN
cjfa-48749	163	10	taxes	taxis	NOUN
cjfa-48749	163	11	payable	payable	ADJ
cjfa-48749	163	12	+	+	CCONJ
cjfa-48749	163	13			VERB
cjfa-48749	163	14	other	other	ADJ
cjfa-48749	163	15	assets	asset	NOUN
cjfa-48749	163	16	cfo	cfo	PROPN
cjfa-48749	163	17	:	:	PUNCT
cjfa-48749	163	18	operating	operate	VERB
cjfa-48749	163	19	cash	cash	NOUN
cjfa-48749	163	20	flows	flow	NOUN
cjfa-48749	163	21	revenue	revenue	VERB
cjfa-48749	163	22	:	:	PUNCT
cjfa-48749	163	23	changes	change	NOUN
cjfa-48749	163	24	in	in	ADP
cjfa-48749	163	25	revenue	revenue	NOUN
cjfa-48749	163	26	ppe	ppe	NOUN
cjfa-48749	163	27	:	:	PUNCT
cjfa-48749	163	28	property	property	NOUN
cjfa-48749	163	29	,	,	PUNCT
cjfa-48749	163	30	plant	plant	NOUN
cjfa-48749	163	31	,	,	PUNCT
cjfa-48749	163	32	and	and	CCONJ
cjfa-48749	163	33	equipment	equipment	NOUN
cjfa-48749	163	34	docf	docf	PROPN
cjfa-48749	163	35	:	:	PUNCT
cjfa-48749	163	36	indicator	indicator	NOUN
cjfa-48749	163	37	variable	variable	NOUN
cjfa-48749	163	38	for	for	ADP
cjfa-48749	163	39	negative	negative	ADJ
cjfa-48749	163	40	cash	cash	NOUN
cjfa-48749	163	41	flows	flow	NOUN
cjfa-48749	163	42	i	i	PRON
cjfa-48749	163	43	indicates	indicate	VERB
cjfa-48749	163	44	the	the	DET
cjfa-48749	163	45	company	company	NOUN
cjfa-48749	163	46	and	and	CCONJ
cjfa-48749	163	47	t	t	PROPN
cjfa-48749	163	48	refers	refer	VERB
cjfa-48749	163	49	to	to	ADP
cjfa-48749	163	50	the	the	DET
cjfa-48749	163	51	time	time	NOUN
cjfa-48749	163	52	period	period	NOUN
cjfa-48749	163	53	.	.	PUNCT
cjfa-48749	164	1	all	all	DET
cjfa-48749	164	2	variable	variable	ADJ
cjfa-48749	164	3	in	in	ADP
cjfa-48749	164	4	equation	equation	NOUN
cjfa-48749	164	5	is	be	AUX
cjfa-48749	164	6	scaled	scale	VERB
cjfa-48749	164	7	with	with	ADP
cjfa-48749	164	8	total	total	ADJ
cjfa-48749	164	9	assets	asset	NOUN
cjfa-48749	164	10	,	,	PUNCT
cjfa-48749	164	11	except	except	SCONJ
cjfa-48749	164	12	for	for	ADP
cjfa-48749	164	13	docf	docf	PROPN
cjfa-48749	164	14	.	.	PUNCT
cjfa-48749	165	1	the	the	DET
cjfa-48749	165	2	absolute	absolute	ADJ
cjfa-48749	165	3	value	value	NOUN
cjfa-48749	165	4	of	of	ADP
cjfa-48749	165	5	residuals	residual	NOUN
cjfa-48749	165	6	from	from	ADP
cjfa-48749	165	7	this	this	DET
cjfa-48749	165	8	model	model	NOUN
cjfa-48749	165	9	is	be	AUX
cjfa-48749	165	10	used	use	VERB
cjfa-48749	165	11	as	as	ADP
cjfa-48749	165	12	proxy	proxy	NOUN
cjfa-48749	165	13	for	for	ADP
cjfa-48749	165	14	aq	aq	NOUN
cjfa-48749	165	15	.	.	PUNCT
cjfa-48749	166	1	the	the	DET
cjfa-48749	166	2	lower	low	ADJ
cjfa-48749	166	3	degree	degree	NOUN
cjfa-48749	166	4	of	of	ADP
cjfa-48749	166	5	this	this	DET
cjfa-48749	166	6	proxy	proxy	NOUN
cjfa-48749	166	7	,	,	PUNCT
cjfa-48749	166	8	the	the	DET
cjfa-48749	166	9	higher	high	ADJ
cjfa-48749	166	10	degree	degree	NOUN
cjfa-48749	166	11	of	of	ADP
cjfa-48749	166	12	aq	aq	ADP
cjfa-48749	166	13	,	,	PUNCT
cjfa-48749	166	14	which	which	PRON
cjfa-48749	166	15	means	mean	VERB
cjfa-48749	166	16	higher	high	ADJ
cjfa-48749	166	17	frq	frq	PROPN
cjfa-48749	166	18	.	.	PUNCT
cjfa-48749	167	1	the	the	DET
cjfa-48749	167	2	second	second	ADJ
cjfa-48749	167	3	proxy	proxy	NOUN
cjfa-48749	167	4	is	be	AUX
cjfa-48749	167	5	earnings	earning	NOUN
cjfa-48749	167	6	management	management	NOUN
cjfa-48749	167	7	through	through	ADP
cjfa-48749	167	8	accruals	accrual	NOUN
cjfa-48749	167	9	(	(	PUNCT
cjfa-48749	167	10	em	em	PRON
cjfa-48749	167	11	)	)	PUNCT
cjfa-48749	167	12	.	.	PUNCT
cjfa-48749	168	1	low	low	ADJ
cjfa-48749	168	2	values	value	NOUN
cjfa-48749	168	3	of	of	ADP
cjfa-48749	168	4	em	em	PRON
cjfa-48749	168	5	represents	represent	VERB
cjfa-48749	168	6	low	low	ADJ
cjfa-48749	168	7	level	level	NOUN
cjfa-48749	168	8	of	of	ADP
cjfa-48749	168	9	earnings	earning	NOUN
cjfa-48749	168	10	management	management	NOUN
cjfa-48749	168	11	activities	activity	NOUN
cjfa-48749	168	12	that	that	PRON
cjfa-48749	168	13	is	be	AUX
cjfa-48749	168	14	associated	associate	VERB
cjfa-48749	168	15	with	with	ADP
cjfa-48749	168	16	higher	high	ADJ
cjfa-48749	168	17	frq	frq	PROPN
cjfa-48749	168	18	.	.	PROPN
cjfa-48749	168	19	modified	modify	VERB
cjfa-48749	168	20	jones	jones	PROPN
cjfa-48749	168	21	model	model	PROPN
cjfa-48749	168	22	is	be	AUX
cjfa-48749	168	23	used	use	VERB
cjfa-48749	168	24	in	in	ADP
cjfa-48749	168	25	calculating	calculate	VERB
cjfa-48749	168	26	em	em	PRON
cjfa-48749	168	27	(	(	PUNCT
cjfa-48749	168	28	dechow	dechow	ADJ
cjfa-48749	168	29	,	,	PUNCT
cjfa-48749	168	30	sloan	sloan	PROPN
cjfa-48749	168	31	&	&	CCONJ
cjfa-48749	168	32	sweeney	sweeney	PROPN
cjfa-48749	168	33	,	,	PUNCT
cjfa-48749	168	34	1995	1995	NUM
cjfa-48749	168	35	):	):	PUNCT
cjfa-48749	168	36	𝐷𝐷𝐷𝐷	𝐷𝐷𝐷𝐷	PROPN
cjfa-48749	168	37	�	�	PROPN
cjfa-48749	168	38	�	�	PROPN
cjfa-48749	168	39	�	�	PROPN
cjfa-48749	168	40	𝑇𝑇𝐷𝐷𝑊𝑊	𝑇𝑇𝐷𝐷𝑊𝑊	PROPN
cjfa-48749	168	41	�	�	PROPN
cjfa-48749	168	42	,	,	PUNCT
cjfa-48749	168	43	�	�	PROPN
cjfa-48749	168	44	𝑇𝑇𝐷𝐷	𝑇𝑇𝐷𝐷	PROPN
cjfa-48749	168	45	�	�	PROPN
cjfa-48749	168	46	,	,	PUNCT
cjfa-48749	168	47	�	�	PROPN
cjfa-48749	168	48	�	�	PROPN
cjfa-48749	168	49	�	�	PROPN
cjfa-48749	168	50	�	�	PROPN
cjfa-48749	168	51	�	�	PROPN
cjfa-48749	168	52	𝐷𝐷𝐷𝐷	𝐷𝐷𝐷𝐷	PROPN
cjfa-48749	168	53	�	�	PROPN
cjfa-48749	168	54	,	,	PUNCT
cjfa-48749	168	55	�	�	PROPN
cjfa-48749	168	56	�	�	PROPN
cjfa-48749	168	57	5	5	NUM
cjfa-48749	168	58	�	�	PROPN
cjfa-48749	168	59	(	(	PUNCT
cjfa-48749	168	60	4	4	NUM
cjfa-48749	168	61	)	)	PUNCT
cjfa-48749	168	62	∆wcit	∆wcit	NOUN
cjfa-48749	168	63	:	:	PUNCT
cjfa-48749	169	1	∆	∆	PROPN
cjfa-48749	169	2	account	account	NOUN
cjfa-48749	169	3	receivable	receivable	ADJ
cjfa-48749	169	4	+	+	CCONJ
cjfa-48749	169	5	∆	∆	PROPN
cjfa-48749	169	6	inventory	inventory	NOUN
cjfa-48749	169	7	∆	∆	PROPN
cjfa-48749	169	8	account	account	NOUN
cjfa-48749	169	9	payable	payable	ADJ
cjfa-48749	169	10	∆	∆	PUNCT
cjfa-48749	169	11	taxes	taxis	NOUN
cjfa-48749	169	12	payable	payable	VERB
cjfa-48749	169	13	+	+	CCONJ
cjfa-48749	169	14	∆	∆	X
cjfa-48749	169	15	other	other	ADJ
cjfa-48749	169	16	assets	asset	NOUN
cjfa-48749	169	17	cfo	cfo	PROPN
cjfa-48749	169	18	:	:	PUNCT
cjfa-48749	169	19	operating	operate	VERB
cjfa-48749	169	20	cash	cash	NOUN
cjfa-48749	169	21	flows	flow	VERB
cjfa-48749	169	22	∆revenue	∆revenue	NOUN
cjfa-48749	169	23	:	:	PUNCT
cjfa-48749	169	24	changes	change	NOUN
cjfa-48749	169	25	in	in	ADP
cjfa-48749	169	26	revenue	revenue	NOUN
cjfa-48749	169	27	ppe	ppe	NOUN
cjfa-48749	169	28	:	:	PUNCT
cjfa-48749	169	29	property	property	NOUN
cjfa-48749	169	30	,	,	PUNCT
cjfa-48749	169	31	plant	plant	NOUN
cjfa-48749	169	32	,	,	PUNCT
cjfa-48749	169	33	and	and	CCONJ
cjfa-48749	169	34	equipment	equipment	NOUN
cjfa-48749	169	35	docf	docf	PROPN
cjfa-48749	169	36	:	:	PUNCT
cjfa-48749	169	37	indicator	indicator	NOUN
cjfa-48749	169	38	variable	variable	NOUN
cjfa-48749	169	39	for	for	ADP
cjfa-48749	169	40	negative	negative	ADJ
cjfa-48749	169	41	cash	cash	NOUN
cjfa-48749	169	42	flows	flow	NOUN
cjfa-48749	169	43	i	i	PRON
cjfa-48749	169	44	indicates	indicate	VERB
cjfa-48749	169	45	the	the	DET
cjfa-48749	169	46	company	company	NOUN
cjfa-48749	169	47	and	and	CCONJ
cjfa-48749	169	48	t	t	PROPN
cjfa-48749	169	49	refers	refer	VERB
cjfa-48749	169	50	to	to	ADP
cjfa-48749	169	51	the	the	DET
cjfa-48749	169	52	time	time	NOUN
cjfa-48749	169	53	period	period	NOUN
cjfa-48749	169	54	.	.	PUNCT
cjfa-48749	170	1	all	all	DET
cjfa-48749	170	2	variable	variable	ADJ
cjfa-48749	170	3	in	in	ADP
cjfa-48749	170	4	equation	equation	NOUN
cjfa-48749	170	5	is	be	AUX
cjfa-48749	170	6	scaled	scale	VERB
cjfa-48749	170	7	with	with	ADP
cjfa-48749	170	8	total	total	ADJ
cjfa-48749	170	9	assets	asset	NOUN
cjfa-48749	170	10	,	,	PUNCT
cjfa-48749	170	11	except	except	SCONJ
cjfa-48749	170	12	for	for	ADP
cjfa-48749	170	13	docf	docf	PROPN
cjfa-48749	170	14	.	.	PUNCT
cjfa-48749	171	1	the	the	DET
cjfa-48749	171	2	absolute	absolute	ADJ
cjfa-48749	171	3	value	value	NOUN
cjfa-48749	171	4	of	of	ADP
cjfa-48749	171	5	residuals	residual	NOUN
cjfa-48749	171	6	from	from	ADP
cjfa-48749	171	7	this	this	DET
cjfa-48749	171	8	model	model	NOUN
cjfa-48749	171	9	is	be	AUX
cjfa-48749	171	10	used	use	VERB
cjfa-48749	171	11	as	as	ADP
cjfa-48749	171	12	proxy	proxy	NOUN
cjfa-48749	171	13	for	for	ADP
cjfa-48749	171	14	aq	aq	NOUN
cjfa-48749	171	15	.	.	PUNCT
cjfa-48749	172	1	the	the	DET
cjfa-48749	172	2	lower	low	ADJ
cjfa-48749	172	3	degree	degree	NOUN
cjfa-48749	172	4	of	of	ADP
cjfa-48749	172	5	this	this	DET
cjfa-48749	172	6	proxy	proxy	NOUN
cjfa-48749	172	7	,	,	PUNCT
cjfa-48749	172	8	the	the	DET
cjfa-48749	172	9	higher	high	ADJ
cjfa-48749	172	10	degree	degree	NOUN
cjfa-48749	172	11	of	of	ADP
cjfa-48749	172	12	aq	aq	ADP
cjfa-48749	172	13	,	,	PUNCT
cjfa-48749	172	14	which	which	PRON
cjfa-48749	172	15	means	mean	VERB
cjfa-48749	172	16	higher	high	ADJ
cjfa-48749	172	17	frq	frq	PROPN
cjfa-48749	172	18	.	.	PUNCT
cjfa-48749	173	1	the	the	DET
cjfa-48749	173	2	second	second	ADJ
cjfa-48749	173	3	proxy	proxy	NOUN
cjfa-48749	173	4	is	be	AUX
cjfa-48749	173	5	earnings	earning	NOUN
cjfa-48749	173	6	management	management	NOUN
cjfa-48749	173	7	through	through	ADP
cjfa-48749	173	8	accruals	accrual	NOUN
cjfa-48749	173	9	(	(	PUNCT
cjfa-48749	173	10	em	em	PRON
cjfa-48749	173	11	)	)	PUNCT
cjfa-48749	173	12	.	.	PUNCT
cjfa-48749	174	1	low	low	ADJ
cjfa-48749	174	2	values	value	NOUN
cjfa-48749	174	3	of	of	ADP
cjfa-48749	174	4	em	em	PRON
cjfa-48749	174	5	represents	represent	VERB
cjfa-48749	174	6	low	low	ADJ
cjfa-48749	174	7	level	level	NOUN
cjfa-48749	174	8	of	of	ADP
cjfa-48749	174	9	earnings	earning	NOUN
cjfa-48749	174	10	management	management	NOUN
cjfa-48749	174	11	activities	activity	NOUN
cjfa-48749	174	12	that	that	PRON
cjfa-48749	174	13	is	be	AUX
cjfa-48749	174	14	associated	associate	VERB
cjfa-48749	174	15	with	with	ADP
cjfa-48749	174	16	higher	high	ADJ
cjfa-48749	174	17	frq	frq	PROPN
cjfa-48749	174	18	.	.	PROPN
cjfa-48749	174	19	modified	modify	VERB
cjfa-48749	174	20	jones	jones	PROPN
cjfa-48749	174	21	model	model	PROPN
cjfa-48749	174	22	is	be	AUX
cjfa-48749	174	23	used	use	VERB
cjfa-48749	174	24	in	in	ADP
cjfa-48749	174	25	calculating	calculate	VERB
cjfa-48749	174	26	em	em	PRON
cjfa-48749	174	27	(	(	PUNCT
cjfa-48749	174	28	dechow	dechow	ADJ
cjfa-48749	174	29	,	,	PUNCT
cjfa-48749	174	30	sloan	sloan	PROPN
cjfa-48749	174	31	&	&	CCONJ
cjfa-48749	174	32	sweeney	sweeney	PROPN
cjfa-48749	174	33	,	,	PUNCT
cjfa-48749	174	34	1995	1995	NUM
cjfa-48749	174	35	):	):	PUNCT
cjfa-48749	174	36	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	PROPN
cjfa-48749	174	37	�	�	PROPN
cjfa-48749	174	38	𝑠𝑠	𝑠𝑠	PROPN
cjfa-48749	174	39	�	�	PROPN
cjfa-48749	174	40	�	�	PROPN
cjfa-48749	174	41	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	PROPN
cjfa-48749	174	42	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	175	1	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	175	2	𝑀𝑀	𝑀𝑀	PROPN
cjfa-48749	175	3	�	�	PROPN
cjfa-48749	175	4	𝑣𝑣𝑇𝑇𝑀𝑀	𝑣𝑣𝑇𝑇𝑀𝑀	PROPN
cjfa-48749	175	5	�	�	PROPN
cjfa-48749	175	6	�	�	PROPN
cjfa-48749	175	7	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	PROPN
cjfa-48749	175	8	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	176	1	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	176	2	𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑇𝑇𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑀𝑀𝑠𝑠	𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑇𝑇𝑣𝑣𝑇𝑇𝑀𝑀𝑇𝑇𝑀𝑀𝑠𝑠	NOUN
cjfa-48749	176	3	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	𝑇𝑇𝑇𝑇𝑇𝑇𝑀𝑀	NOUN
cjfa-48749	176	4	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	X
cjfa-48749	176	5	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	ADP
cjfa-48749	176	6	𝑀𝑀𝑠𝑠𝑠𝑠𝑀𝑀𝑀𝑀𝑠𝑠	𝑀𝑀𝑠𝑠𝑠𝑠𝑀𝑀𝑀𝑀𝑠𝑠	ADJ
cjfa-48749	176	7	�	�	PROPN
cjfa-48749	176	8	2	2	NUM
cjfa-48749	176	9	�	�	PROPN
cjfa-48749	176	10	market	market	NOUN
cjfa-48749	176	11	value	value	NOUN
cjfa-48749	176	12	of	of	ADP
cjfa-48749	176	13	equity	equity	NOUN
cjfa-48749	176	14	:	:	PUNCT
cjfa-48749	176	15	the	the	DET
cjfa-48749	176	16	average	average	NOUN
cjfa-48749	176	17	of	of	ADP
cjfa-48749	176	18	daily	daily	ADJ
cjfa-48749	176	19	closing	closing	NOUN
cjfa-48749	176	20	price	price	NOUN
cjfa-48749	176	21	times	time	NOUN
cjfa-48749	176	22	number	number	NOUN
cjfa-48749	176	23	of	of	ADP
cjfa-48749	176	24	outstanding	outstanding	ADJ
cjfa-48749	176	25	shares	share	NOUN
cjfa-48749	176	26	book	book	NOUN
cjfa-48749	176	27	value	value	NOUN
cjfa-48749	176	28	of	of	ADP
cjfa-48749	176	29	liabilities	liability	NOUN
cjfa-48749	176	30	:	:	PUNCT
cjfa-48749	176	31	total	total	ADJ
cjfa-48749	176	32	liabilities	liability	NOUN
cjfa-48749	176	33	book	book	NOUN
cjfa-48749	176	34	value	value	NOUN
cjfa-48749	176	35	of	of	ADP
cjfa-48749	176	36	assets	asset	NOUN
cjfa-48749	176	37	:	:	PUNCT
cjfa-48749	176	38	total	total	ADJ
cjfa-48749	176	39	assets	asset	NOUN
cjfa-48749	176	40	the	the	DET
cjfa-48749	176	41	fourth	fourth	ADJ
cjfa-48749	176	42	proxy	proxy	NOUN
cjfa-48749	176	43	is	be	AUX
cjfa-48749	176	44	market	market	NOUN
cjfa-48749	176	45	value	value	NOUN
cjfa-48749	176	46	added	add	VERB
cjfa-48749	176	47	.	.	PUNCT
cjfa-48749	177	1	following	follow	VERB
cjfa-48749	177	2	(	(	PUNCT
cjfa-48749	177	3	young	young	ADJ
cjfa-48749	177	4	&	&	CCONJ
cjfa-48749	177	5	o’byrne	o’byrne	PROPN
cjfa-48749	177	6	,	,	PUNCT
cjfa-48749	177	7	2001	2001	NUM
cjfa-48749	177	8	)	)	PUNCT
cjfa-48749	177	9	,	,	PUNCT
cjfa-48749	177	10	mva	mva	NOUN
cjfa-48749	177	11	is	be	AUX
cjfa-48749	177	12	calculated	calculate	VERB
cjfa-48749	177	13	as	as	SCONJ
cjfa-48749	177	14	follows	follow	VERB
cjfa-48749	177	15	:	:	PUNCT
cjfa-48749	177	16	𝑀𝑀𝑅𝑅𝐷𝐷	𝑀𝑀𝑅𝑅𝐷𝐷	PROPN
cjfa-48749	177	17	�	�	PROPN
cjfa-48749	177	18	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀𝑀	PROPN
cjfa-48749	177	19	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	𝑣𝑣𝑀𝑀𝑣𝑣𝑣𝑣𝑀𝑀	PROPN
cjfa-48749	178	1	𝑇𝑇𝑜𝑜	𝑇𝑇𝑜𝑜	PROPN
cjfa-48749	178	2	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	NOUN
cjfa-48749	178	3	�	�	PROPN
cjfa-48749	178	4	𝑇𝑇𝑇𝑇𝑣𝑣𝑀𝑀𝑠𝑠𝑀𝑀𝑀𝑀	𝑇𝑇𝑇𝑇𝑣𝑣𝑀𝑀𝑠𝑠𝑀𝑀𝑀𝑀	NOUN
cjfa-48749	178	5	�	�	PROPN
cjfa-48749	178	6	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	𝑐𝑐𝑀𝑀𝑐𝑐𝑇𝑇𝑀𝑀𝑀𝑀𝑣𝑣	NOUN
cjfa-48749	178	7	�	�	PROPN
cjfa-48749	178	8	3	3	NUM
cjfa-48749	178	9	�	�	PROPN
cjfa-48749	178	10	market	market	NOUN
cjfa-48749	178	11	value	value	NOUN
cjfa-48749	178	12	of	of	ADP
cjfa-48749	178	13	capital	capital	NOUN
cjfa-48749	178	14	:	:	PUNCT
cjfa-48749	178	15	the	the	DET
cjfa-48749	178	16	average	average	NOUN
cjfa-48749	178	17	of	of	ADP
cjfa-48749	178	18	daily	daily	ADJ
cjfa-48749	178	19	closing	closing	NOUN
cjfa-48749	178	20	price	price	NOUN
cjfa-48749	178	21	times	time	NOUN
cjfa-48749	178	22	number	number	NOUN
cjfa-48749	178	23	of	of	ADP
cjfa-48749	178	24	outstanding	outstanding	ADJ
cjfa-48749	178	25	shares	share	NOUN
cjfa-48749	178	26	invested	invest	VERB
cjfa-48749	178	27	capital	capital	NOUN
cjfa-48749	178	28	:	:	PUNCT
cjfa-48749	178	29	total	total	ADJ
cjfa-48749	178	30	equity	equity	NOUN
cjfa-48749	178	31	independent	independent	ADJ
cjfa-48749	178	32	variable	variable	ADJ
cjfa-48749	178	33	financial	financial	ADJ
cjfa-48749	178	34	reporting	reporting	NOUN
cjfa-48749	178	35	quality	quality	NOUN
cjfa-48749	178	36	is	be	AUX
cjfa-48749	178	37	measured	measure	VERB
cjfa-48749	178	38	using	use	VERB
cjfa-48749	178	39	two	two	NUM
cjfa-48749	178	40	proxies	proxy	NOUN
cjfa-48749	178	41	.	.	PUNCT
cjfa-48749	179	1	the	the	DET
cjfa-48749	179	2	first	first	ADJ
cjfa-48749	179	3	proxy	proxy	NOUN
cjfa-48749	179	4	is	be	AUX
cjfa-48749	179	5	quality	quality	NOUN
cjfa-48749	179	6	of	of	ADP
cjfa-48749	179	7	accruals	accrual	NOUN
cjfa-48749	179	8	through	through	ADP
cjfa-48749	179	9	the	the	DET
cjfa-48749	179	10	ball	ball	NOUN
cjfa-48749	179	11	-	-	PUNCT
cjfa-48749	179	12	shivakumar	shivakumar	PROPN
cjfa-48749	179	13	model	model	NOUN
cjfa-48749	179	14	(	(	PUNCT
cjfa-48749	179	15	aq	aq	NOUN
cjfa-48749	179	16	)	)	PUNCT
cjfa-48749	179	17	(	(	PUNCT
cjfa-48749	179	18	martínez	martínez	NOUN
cjfa-48749	179	19	-	-	PUNCT
cjfa-48749	179	20	ferrero	ferrero	PROPN
cjfa-48749	179	21	et	et	PROPN
cjfa-48749	179	22	al	al	PROPN
cjfa-48749	179	23	.	.	PROPN
cjfa-48749	179	24	,	,	PUNCT
cjfa-48749	179	25	2015	2015	NUM
cjfa-48749	179	26	):	):	PUNCT
cjfa-48749	179	27	∆𝑊𝑊𝑊𝑊	∆𝑊𝑊𝑊𝑊	PROPN
cjfa-48749	179	28	�	�	PROPN
cjfa-48749	179	29	�	�	PROPN
cjfa-48749	179	30	�	�	PROPN
cjfa-48749	179	31	�	�	PROPN
cjfa-48749	179	32	�	�	PROPN
cjfa-48749	179	33	�	�	PROPN
cjfa-48749	179	34	�	�	PROPN
cjfa-48749	179	35	�	�	PROPN
cjfa-48749	179	36	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	179	37	�	�	PROPN
cjfa-48749	179	38	,	,	PUNCT
cjfa-48749	179	39	�	�	PROPN
cjfa-48749	179	40	�	�	PROPN
cjfa-48749	179	41	�	�	PROPN
cjfa-48749	179	42	�	�	PROPN
cjfa-48749	179	43	�	�	PROPN
cjfa-48749	179	44	�	�	PROPN
cjfa-48749	179	45	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	179	46	�	�	PROPN
cjfa-48749	179	47	,	,	PUNCT
cjfa-48749	179	48	�	�	PROPN
cjfa-48749	179	49	�	�	PROPN
cjfa-48749	179	50	�	�	PROPN
cjfa-48749	179	51	�	�	PROPN
cjfa-48749	179	52	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	179	53	�	�	PROPN
cjfa-48749	179	54	,	,	PUNCT
cjfa-48749	179	55	�	�	PROPN
cjfa-48749	179	56	�	�	PROPN
cjfa-48749	179	57	�	�	PROPN
cjfa-48749	179	58	�	�	PROPN
cjfa-48749	179	59	�	�	PROPN
cjfa-48749	179	60	�	�	PROPN
cjfa-48749	179	61	∆𝑅𝑅𝑅𝑅𝑅𝑅	∆𝑅𝑅𝑅𝑅𝑅𝑅	NOUN
cjfa-48749	179	62	�	�	PROPN
cjfa-48749	179	63	,	,	PUNCT
cjfa-48749	179	64	�	�	PROPN
cjfa-48749	179	65	�	�	PROPN
cjfa-48749	179	66	�	�	PROPN
cjfa-48749	179	67	�	�	PROPN
cjfa-48749	179	68	𝑃𝑃𝑃𝑃𝑅𝑅	𝑃𝑃𝑃𝑃𝑅𝑅	PROPN
cjfa-48749	179	69	�	�	PROPN
cjfa-48749	179	70	,	,	PUNCT
cjfa-48749	179	71	�	�	PROPN
cjfa-48749	179	72	�	�	PROPN
cjfa-48749	179	73	�	�	PROPN
cjfa-48749	179	74	�	�	PROPN
cjfa-48749	179	75	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	179	76	�	�	PROPN
cjfa-48749	179	77	,	,	PUNCT
cjfa-48749	179	78	�	�	PROPN
cjfa-48749	179	79	�	�	PROPN
cjfa-48749	179	80	�	�	PROPN
cjfa-48749	179	81	�	�	PROPN
cjfa-48749	179	82	𝑂𝑂𝑊𝑊𝑂𝑂	𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	179	83	�	�	PROPN
cjfa-48749	179	84	,	,	PUNCT
cjfa-48749	179	85	�	�	PROPN
cjfa-48749	179	86	∗	∗	NOUN
cjfa-48749	179	87	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	𝐷𝐷𝑂𝑂𝑊𝑊𝑂𝑂	PROPN
cjfa-48749	179	88	�	�	PROPN
cjfa-48749	179	89	,	,	PUNCT
cjfa-48749	179	90	�	�	PROPN
cjfa-48749	179	91	�	�	PROPN
cjfa-48749	179	92	�	�	PROPN
cjfa-48749	179	93	�	�	PROPN
cjfa-48749	179	94	4	4	NUM
cjfa-48749	179	95	�	�	PROPN
cjfa-48749	179	96	wcit	wcit	PROPN
cjfa-48749	179	97	:	:	PUNCT
cjfa-48749	179	98			X
cjfa-48749	180	1	account	account	VERB
cjfa-48749	180	2	receivable	receivable	ADJ
cjfa-48749	180	3	+	+	CCONJ
cjfa-48749	180	4			NOUN
cjfa-48749	180	5	inventory	inventory	NOUN
cjfa-48749	180	6			NOUN
cjfa-48749	180	7	account	account	VERB
cjfa-48749	180	8	payable	payable	ADJ
cjfa-48749	180	9			NOUN
cjfa-48749	180	10	taxes	taxis	NOUN
cjfa-48749	180	11	payable	payable	ADJ
cjfa-48749	180	12	+	+	CCONJ
cjfa-48749	180	13			VERB
cjfa-48749	180	14	other	other	ADJ
cjfa-48749	180	15	assets	asset	NOUN
cjfa-48749	180	16	cfo	cfo	PROPN
cjfa-48749	180	17	:	:	PUNCT
cjfa-48749	180	18	operating	operate	VERB
cjfa-48749	180	19	cash	cash	NOUN
cjfa-48749	180	20	flows	flow	NOUN
cjfa-48749	180	21	revenue	revenue	VERB
cjfa-48749	180	22	:	:	PUNCT
cjfa-48749	180	23	changes	change	NOUN
cjfa-48749	180	24	in	in	ADP
cjfa-48749	180	25	revenue	revenue	NOUN
cjfa-48749	180	26	ppe	ppe	NOUN
cjfa-48749	180	27	:	:	PUNCT
cjfa-48749	180	28	property	property	NOUN
cjfa-48749	180	29	,	,	PUNCT
cjfa-48749	180	30	plant	plant	NOUN
cjfa-48749	180	31	,	,	PUNCT
cjfa-48749	180	32	and	and	CCONJ
cjfa-48749	180	33	equipment	equipment	NOUN
cjfa-48749	180	34	docf	docf	PROPN
cjfa-48749	180	35	:	:	PUNCT
cjfa-48749	180	36	indicator	indicator	NOUN
cjfa-48749	180	37	variable	variable	NOUN
cjfa-48749	180	38	for	for	ADP
cjfa-48749	180	39	negative	negative	ADJ
cjfa-48749	180	40	cash	cash	NOUN
cjfa-48749	180	41	flows	flow	NOUN
cjfa-48749	180	42	i	i	PRON
cjfa-48749	180	43	indicates	indicate	VERB
cjfa-48749	180	44	the	the	DET
cjfa-48749	180	45	company	company	NOUN
cjfa-48749	180	46	and	and	CCONJ
cjfa-48749	180	47	t	t	PROPN
cjfa-48749	180	48	refers	refer	VERB
cjfa-48749	180	49	to	to	ADP
cjfa-48749	180	50	the	the	DET
cjfa-48749	180	51	time	time	NOUN
cjfa-48749	180	52	period	period	NOUN
cjfa-48749	180	53	.	.	PUNCT
cjfa-48749	181	1	all	all	DET
cjfa-48749	181	2	variable	variable	ADJ
cjfa-48749	181	3	in	in	ADP
cjfa-48749	181	4	equation	equation	NOUN
cjfa-48749	181	5	is	be	AUX
cjfa-48749	181	6	scaled	scale	VERB
cjfa-48749	181	7	with	with	ADP
cjfa-48749	181	8	total	total	ADJ
cjfa-48749	181	9	assets	asset	NOUN
cjfa-48749	181	10	,	,	PUNCT
cjfa-48749	181	11	except	except	SCONJ
cjfa-48749	181	12	for	for	ADP
cjfa-48749	181	13	docf	docf	PROPN
cjfa-48749	181	14	.	.	PUNCT
cjfa-48749	182	1	the	the	DET
cjfa-48749	182	2	absolute	absolute	ADJ
cjfa-48749	182	3	value	value	NOUN
cjfa-48749	182	4	of	of	ADP
cjfa-48749	182	5	residuals	residual	NOUN
cjfa-48749	182	6	from	from	ADP
cjfa-48749	182	7	this	this	DET
cjfa-48749	182	8	model	model	NOUN
cjfa-48749	182	9	is	be	AUX
cjfa-48749	182	10	used	use	VERB
cjfa-48749	182	11	as	as	ADP
cjfa-48749	182	12	proxy	proxy	NOUN
cjfa-48749	182	13	for	for	ADP
cjfa-48749	182	14	aq	aq	NOUN
cjfa-48749	182	15	.	.	PUNCT
cjfa-48749	183	1	the	the	DET
cjfa-48749	183	2	lower	low	ADJ
cjfa-48749	183	3	degree	degree	NOUN
cjfa-48749	183	4	of	of	ADP
cjfa-48749	183	5	this	this	DET
cjfa-48749	183	6	proxy	proxy	NOUN
cjfa-48749	183	7	,	,	PUNCT
cjfa-48749	183	8	the	the	DET
cjfa-48749	183	9	higher	high	ADJ
cjfa-48749	183	10	degree	degree	NOUN
cjfa-48749	183	11	of	of	ADP
cjfa-48749	183	12	aq	aq	ADP
cjfa-48749	183	13	,	,	PUNCT
cjfa-48749	183	14	which	which	PRON
cjfa-48749	183	15	means	mean	VERB
cjfa-48749	183	16	higher	high	ADJ
cjfa-48749	183	17	frq	frq	PROPN
cjfa-48749	183	18	.	.	PUNCT
cjfa-48749	184	1	the	the	DET
cjfa-48749	184	2	second	second	ADJ
cjfa-48749	184	3	proxy	proxy	NOUN
cjfa-48749	184	4	is	be	AUX
cjfa-48749	184	5	earnings	earning	NOUN
cjfa-48749	184	6	management	management	NOUN
cjfa-48749	184	7	through	through	ADP
cjfa-48749	184	8	accruals	accrual	NOUN
cjfa-48749	184	9	(	(	PUNCT
cjfa-48749	184	10	em	em	PRON
cjfa-48749	184	11	)	)	PUNCT
cjfa-48749	184	12	.	.	PUNCT
cjfa-48749	185	1	low	low	ADJ
cjfa-48749	185	2	values	value	NOUN
cjfa-48749	185	3	of	of	ADP
cjfa-48749	185	4	em	em	PRON
cjfa-48749	185	5	represents	represent	VERB
cjfa-48749	185	6	low	low	ADJ
cjfa-48749	185	7	level	level	NOUN
cjfa-48749	185	8	of	of	ADP
cjfa-48749	185	9	earnings	earning	NOUN
cjfa-48749	185	10	management	management	NOUN
cjfa-48749	185	11	activities	activity	NOUN
cjfa-48749	185	12	that	that	PRON
cjfa-48749	185	13	is	be	AUX
cjfa-48749	185	14	associated	associate	VERB
cjfa-48749	185	15	with	with	ADP
cjfa-48749	185	16	higher	high	ADJ
cjfa-48749	185	17	frq	frq	PROPN
cjfa-48749	185	18	.	.	PROPN
cjfa-48749	185	19	modified	modify	VERB
cjfa-48749	185	20	jones	jones	PROPN
cjfa-48749	185	21	model	model	PROPN
cjfa-48749	185	22	is	be	AUX
cjfa-48749	185	23	used	use	VERB
cjfa-48749	185	24	in	in	ADP
cjfa-48749	185	25	calculating	calculate	VERB
cjfa-48749	185	26	em	em	PRON
cjfa-48749	185	27	(	(	PUNCT
cjfa-48749	185	28	dechow	dechow	ADJ
cjfa-48749	185	29	,	,	PUNCT
cjfa-48749	185	30	sloan	sloan	PROPN
cjfa-48749	185	31	&	&	CCONJ
cjfa-48749	185	32	sweeney	sweeney	PROPN
cjfa-48749	185	33	,	,	PUNCT
cjfa-48749	185	34	1995	1995	NUM
cjfa-48749	185	35	):	):	PUNCT
cjfa-48749	185	36	𝐷𝐷𝐷𝐷	𝐷𝐷𝐷𝐷	PROPN
cjfa-48749	185	37	�	�	PROPN
cjfa-48749	185	38	�	�	PROPN
cjfa-48749	185	39	�	�	PROPN
cjfa-48749	185	40	𝑇𝑇𝐷𝐷𝑊𝑊	𝑇𝑇𝐷𝐷𝑊𝑊	PROPN
cjfa-48749	185	41	�	�	PROPN
cjfa-48749	185	42	,	,	PUNCT
cjfa-48749	185	43	�	�	PROPN
cjfa-48749	185	44	𝑇𝑇𝐷𝐷	𝑇𝑇𝐷𝐷	PROPN
cjfa-48749	185	45	�	�	PROPN
cjfa-48749	185	46	,	,	PUNCT
cjfa-48749	185	47	�	�	PROPN
cjfa-48749	185	48	�	�	PROPN
cjfa-48749	185	49	�	�	PROPN
cjfa-48749	185	50	�	�	PROPN
cjfa-48749	185	51	�	�	PROPN
cjfa-48749	185	52	𝐷𝐷𝐷𝐷	𝐷𝐷𝐷𝐷	PROPN
cjfa-48749	185	53	�	�	PROPN
cjfa-48749	185	54	,	,	PUNCT
cjfa-48749	185	55	�	�	PROPN
cjfa-48749	185	56	�	�	PROPN
cjfa-48749	185	57	5	5	NUM
cjfa-48749	185	58	�	�	PROPN
cjfa-48749	185	59	(	(	PUNCT
cjfa-48749	185	60	5	5	NUM
cjfa-48749	185	61	)	)	PUNCT
cjfa-48749	185	62	dait	dait	NOUN
cjfa-48749	185	63	:	:	PUNCT
cjfa-48749	185	64	discretionary	discretionary	ADJ
cjfa-48749	185	65	accrual	accrual	ADJ
cjfa-48749	185	66	company	company	NOUN
cjfa-48749	185	67	i	i	PRON
cjfa-48749	186	1	at	at	ADP
cjfa-48749	186	2	year	year	NOUN
cjfa-48749	186	3	t	t	PROPN
cjfa-48749	186	4	tacit	tacit	NOUN
cjfa-48749	186	5	:	:	PUNCT
cjfa-48749	186	6	total	total	ADJ
cjfa-48749	186	7	accrual	accrual	ADJ
cjfa-48749	186	8	company	company	NOUN
cjfa-48749	186	9	i	i	PRON
cjfa-48749	186	10	at	at	ADP
cjfa-48749	186	11	year	year	NOUN
cjfa-48749	186	12	t	t	PROPN
cjfa-48749	186	13	tait-1	tait-1	NUM
cjfa-48749	186	14	:	:	PUNCT
cjfa-48749	186	15	total	total	ADJ
cjfa-48749	186	16	asset	asset	NOUN
cjfa-48749	186	17	company	company	NOUN
cjfa-48749	186	18	i	i	PRON
cjfa-48749	186	19	at	at	ADP
cjfa-48749	186	20	year	year	NOUN
cjfa-48749	186	21	t-1	t-1	PROPN
cjfa-48749	186	22	ndait	ndait	PROPN
cjfa-48749	186	23	:	:	PUNCT
cjfa-48749	186	24	non	non	X
cjfa-48749	186	25	discretionary	discretionary	ADJ
cjfa-48749	186	26	accrual	accrual	ADJ
cjfa-48749	186	27	company	company	NOUN
cjfa-48749	186	28	i	i	PRON
cjfa-48749	186	29	at	at	ADP
cjfa-48749	186	30	year	year	NOUN
cjfa-48749	186	31	t	t	PROPN
cjfa-48749	186	32	karina	karina	PROPN
cjfa-48749	186	33	harjanto3434	harjanto3434	PROPN
cjfa-48749	186	34	control	control	PROPN
cjfa-48749	186	35	variablescontrol	variablescontrol	NOUN
cjfa-48749	186	36	variables	variable	NOUN
cjfa-48749	186	37	there	there	PRON
cjfa-48749	186	38	are	be	VERB
cjfa-48749	186	39	three	three	NUM
cjfa-48749	186	40	control	control	NOUN
cjfa-48749	186	41	variables	variable	NOUN
cjfa-48749	186	42	used	use	VERB
cjfa-48749	186	43	,	,	PUNCT
cjfa-48749	186	44	namely	namely	ADV
cjfa-48749	186	45	firm	firm	ADJ
cjfa-48749	186	46	size	size	NOUN
cjfa-48749	186	47	(	(	PUNCT
cjfa-48749	186	48	natural	natural	ADJ
cjfa-48749	186	49	logarithm	logarithm	NOUN
cjfa-48749	186	50	of	of	ADP
cjfa-48749	186	51	total	total	ADJ
cjfa-48749	186	52	assets	asset	NOUN
cjfa-48749	186	53	)	)	PUNCT
cjfa-48749	186	54	,	,	PUNCT
cjfa-48749	186	55	profitability	profitability	NOUN
cjfa-48749	186	56	(	(	PUNCT
cjfa-48749	186	57	return	return	VERB
cjfa-48749	186	58	on	on	ADP
cjfa-48749	186	59	assets	asset	NOUN
cjfa-48749	186	60	)	)	PUNCT
cjfa-48749	186	61	,	,	PUNCT
cjfa-48749	186	62	and	and	CCONJ
cjfa-48749	186	63	leverage	leverage	NOUN
cjfa-48749	186	64	(	(	PUNCT
cjfa-48749	186	65	debt	debt	NOUN
cjfa-48749	186	66	to	to	ADP
cjfa-48749	186	67	equity	equity	NOUN
cjfa-48749	186	68	)	)	PUNCT
cjfa-48749	186	69	.	.	PUNCT
cjfa-48749	187	1	data	datum	NOUN
cjfa-48749	187	2	analysisdata	analysisdata	PROPN
cjfa-48749	187	3	analysis	analysis	NOUN
cjfa-48749	187	4	this	this	DET
cjfa-48749	187	5	research	research	NOUN
cjfa-48749	187	6	employs	employ	VERB
cjfa-48749	187	7	multiple	multiple	ADJ
cjfa-48749	187	8	regression	regression	NOUN
cjfa-48749	187	9	analysis	analysis	NOUN
cjfa-48749	187	10	to	to	PART
cjfa-48749	187	11	examine	examine	VERB
cjfa-48749	187	12	the	the	DET
cjfa-48749	187	13	data	datum	NOUN
cjfa-48749	187	14	.	.	PUNCT
cjfa-48749	188	1	the	the	DET
cjfa-48749	188	2	formulae	formulae	NOUN
cjfa-48749	188	3	for	for	ADP
cjfa-48749	188	4	multiple	multiple	ADJ
cjfa-48749	188	5	regression	regression	NOUN
cjfa-48749	188	6	are	be	AUX
cjfa-48749	188	7	as	as	SCONJ
cjfa-48749	188	8	follows	follow	VERB
cjfa-48749	188	9	:	:	PUNCT
cjfa-48749	188	10	dait	dait	NOUN
cjfa-48749	188	11	:	:	PUNCT
cjfa-48749	188	12	discretionary	discretionary	ADJ
cjfa-48749	188	13	accrual	accrual	ADJ
cjfa-48749	188	14	company	company	NOUN
cjfa-48749	188	15	i	i	PRON
cjfa-48749	188	16	at	at	ADP
cjfa-48749	188	17	year	year	NOUN
cjfa-48749	188	18	t	t	PROPN
cjfa-48749	188	19	tacit	tacit	NOUN
cjfa-48749	188	20	:	:	PUNCT
cjfa-48749	188	21	total	total	ADJ
cjfa-48749	188	22	accrual	accrual	ADJ
cjfa-48749	188	23	company	company	NOUN
cjfa-48749	188	24	i	i	PRON
cjfa-48749	188	25	at	at	ADP
cjfa-48749	188	26	year	year	NOUN
cjfa-48749	188	27	t	t	PROPN
cjfa-48749	188	28	tait-1	tait-1	NUM
cjfa-48749	188	29	:	:	PUNCT
cjfa-48749	188	30	total	total	ADJ
cjfa-48749	188	31	asset	asset	NOUN
cjfa-48749	188	32	company	company	NOUN
cjfa-48749	188	33	i	i	PRON
cjfa-48749	188	34	at	at	ADP
cjfa-48749	188	35	year	year	NOUN
cjfa-48749	188	36	t-1	t-1	PROPN
cjfa-48749	188	37	ndait	ndait	PROPN
cjfa-48749	188	38	:	:	PUNCT
cjfa-48749	188	39	non	non	X
cjfa-48749	188	40	discretionary	discretionary	ADJ
cjfa-48749	188	41	accrual	accrual	ADJ
cjfa-48749	188	42	company	company	NOUN
cjfa-48749	188	43	i	i	PRON
cjfa-48749	188	44	at	at	ADP
cjfa-48749	188	45	year	year	NOUN
cjfa-48749	188	46	t	t	PROPN
cjfa-48749	188	47	control	control	NOUN
cjfa-48749	188	48	variables	variable	NOUN
cjfa-48749	188	49	there	there	PRON
cjfa-48749	188	50	are	be	VERB
cjfa-48749	188	51	three	three	NUM
cjfa-48749	188	52	control	control	NOUN
cjfa-48749	188	53	variables	variable	NOUN
cjfa-48749	188	54	used	use	VERB
cjfa-48749	188	55	,	,	PUNCT
cjfa-48749	188	56	namely	namely	ADV
cjfa-48749	188	57	firm	firm	ADJ
cjfa-48749	188	58	size	size	NOUN
cjfa-48749	188	59	(	(	PUNCT
cjfa-48749	188	60	natural	natural	ADJ
cjfa-48749	188	61	logarithm	logarithm	NOUN
cjfa-48749	188	62	of	of	ADP
cjfa-48749	188	63	total	total	ADJ
cjfa-48749	188	64	assets	asset	NOUN
cjfa-48749	188	65	)	)	PUNCT
cjfa-48749	188	66	,	,	PUNCT
cjfa-48749	188	67	profitability	profitability	NOUN
cjfa-48749	188	68	(	(	PUNCT
cjfa-48749	188	69	return	return	VERB
cjfa-48749	188	70	on	on	ADP
cjfa-48749	188	71	assets	asset	NOUN
cjfa-48749	188	72	)	)	PUNCT
cjfa-48749	188	73	,	,	PUNCT
cjfa-48749	188	74	and	and	CCONJ
cjfa-48749	188	75	leverage	leverage	NOUN
cjfa-48749	188	76	(	(	PUNCT
cjfa-48749	188	77	debt	debt	NOUN
cjfa-48749	188	78	to	to	ADP
cjfa-48749	188	79	equity	equity	NOUN
cjfa-48749	188	80	)	)	PUNCT
cjfa-48749	188	81	.	.	PUNCT
cjfa-48749	189	1	data	datum	NOUN
cjfa-48749	189	2	analysis	analysis	NOUN
cjfa-48749	189	3	this	this	DET
cjfa-48749	189	4	research	research	NOUN
cjfa-48749	189	5	employs	employ	VERB
cjfa-48749	189	6	multiple	multiple	ADJ
cjfa-48749	189	7	regression	regression	NOUN
cjfa-48749	189	8	analysis	analysis	NOUN
cjfa-48749	189	9	to	to	PART
cjfa-48749	189	10	examine	examine	VERB
cjfa-48749	189	11	the	the	DET
cjfa-48749	189	12	data	datum	NOUN
cjfa-48749	189	13	.	.	PUNCT
cjfa-48749	190	1	the	the	DET
cjfa-48749	190	2	formulae	formulae	NOUN
cjfa-48749	190	3	for	for	ADP
cjfa-48749	190	4	multiple	multiple	ADJ
cjfa-48749	190	5	regression	regression	NOUN
cjfa-48749	190	6	are	be	AUX
cjfa-48749	190	7	as	as	SCONJ
cjfa-48749	190	8	follows	follow	VERB
cjfa-48749	190	9	:	:	PUNCT
cjfa-48749	190	10	price	price	NOUN
cjfa-48749	190	11	aq	aq	AUX
cjfa-48749	190	12	em	em	PRON
cjfa-48749	190	13	fs	fs	ADP
cjfa-48749	190	14	roa	roa	PROPN
cjfa-48749	190	15	der	der	NOUN
cjfa-48749	190	16	e	e	PROPN
cjfa-48749	190	17	6	6	NUM
cjfa-48749	190	18	pbv	pbv	VERB
cjfa-48749	190	19	aq	aq	INTJ
cjfa-48749	190	20	em	em	PRON
cjfa-48749	190	21	fs	fs	ADP
cjfa-48749	190	22	roa	roa	PROPN
cjfa-48749	190	23	der	der	NOUN
cjfa-48749	190	24	e	e	PROPN
cjfa-48749	190	25	7	7	NUM
cjfa-48749	190	26	tbq	tbq	NOUN
cjfa-48749	190	27	aq	aq	VERB
cjfa-48749	190	28	em	em	PRON
cjfa-48749	190	29	fs	fs	ADP
cjfa-48749	190	30	roa	roa	PROPN
cjfa-48749	190	31	der	der	NOUN
cjfa-48749	190	32	e	e	PROPN
cjfa-48749	190	33	8	8	NUM
cjfa-48749	190	34	mva	mva	NOUN
cjfa-48749	190	35	aq	aq	VERB
cjfa-48749	190	36	em	em	PRON
cjfa-48749	190	37	fs	fs	ADP
cjfa-48749	190	38	roa	roa	PROPN
cjfa-48749	190	39	der	der	NOUN
cjfa-48749	190	40	e	e	PROPN
cjfa-48749	190	41	9	9	NUM
cjfa-48749	190	42	results	result	NOUN
cjfa-48749	190	43	and	and	CCONJ
cjfa-48749	190	44	discussion	discussion	VERB
cjfa-48749	190	45	the	the	DET
cjfa-48749	190	46	data	datum	NOUN
cjfa-48749	190	47	utilized	utilize	VERB
cjfa-48749	190	48	in	in	ADP
cjfa-48749	190	49	this	this	DET
cjfa-48749	190	50	study	study	NOUN
cjfa-48749	190	51	include	include	VERB
cjfa-48749	190	52	secondary	secondary	ADJ
cjfa-48749	190	53	data	datum	NOUN
cjfa-48749	190	54	obtained	obtain	VERB
cjfa-48749	190	55	from	from	ADP
cjfa-48749	190	56	manufacturing	manufacture	VERB
cjfa-48749	190	57	companies	company	NOUN
cjfa-48749	190	58	that	that	PRON
cjfa-48749	190	59	were	be	AUX
cjfa-48749	190	60	listed	list	VERB
cjfa-48749	190	61	on	on	ADP
cjfa-48749	190	62	the	the	DET
cjfa-48749	190	63	idx	idx	NOUN
cjfa-48749	190	64	(	(	PUNCT
cjfa-48749	190	65	indonesia	indonesia	PROPN
cjfa-48749	190	66	stock	stock	PROPN
cjfa-48749	190	67	exchange	exchange	PROPN
cjfa-48749	190	68	)	)	PUNCT
cjfa-48749	190	69	during	during	ADP
cjfa-48749	190	70	the	the	DET
cjfa-48749	190	71	years	year	NOUN
cjfa-48749	190	72	2018	2018	NUM
cjfa-48749	190	73	and	and	CCONJ
cjfa-48749	190	74	2021	2021	NUM
cjfa-48749	190	75	.	.	PUNCT
cjfa-48749	191	1	the	the	DET
cjfa-48749	191	2	sample	sample	NOUN
cjfa-48749	191	3	is	be	AUX
cjfa-48749	191	4	chosen	choose	VERB
cjfa-48749	191	5	using	use	VERB
cjfa-48749	191	6	the	the	DET
cjfa-48749	191	7	purposive	purposive	ADJ
cjfa-48749	191	8	sampling	sampling	NOUN
cjfa-48749	191	9	technique	technique	NOUN
cjfa-48749	191	10	in	in	ADP
cjfa-48749	191	11	the	the	DET
cjfa-48749	191	12	following	following	ADJ
cjfa-48749	191	13	manner	manner	NOUN
cjfa-48749	191	14	:	:	PUNCT
cjfa-48749	191	15	table	table	NOUN
cjfa-48749	191	16	1	1	NUM
cjfa-48749	191	17	.	.	PUNCT
cjfa-48749	191	18	sample	sample	NOUN
cjfa-48749	191	19	selection	selection	NOUN
cjfa-48749	191	20	(	(	PUNCT
cjfa-48749	191	21	6	6	NUM
cjfa-48749	191	22	)	)	PUNCT
cjfa-48749	191	23	dait	dait	NOUN
cjfa-48749	191	24	:	:	PUNCT
cjfa-48749	191	25	discretionary	discretionary	ADJ
cjfa-48749	191	26	accrual	accrual	ADJ
cjfa-48749	191	27	company	company	NOUN
cjfa-48749	191	28	i	i	PRON
cjfa-48749	191	29	at	at	ADP
cjfa-48749	191	30	year	year	NOUN
cjfa-48749	191	31	t	t	PROPN
cjfa-48749	191	32	tacit	tacit	NOUN
cjfa-48749	191	33	:	:	PUNCT
cjfa-48749	191	34	total	total	ADJ
cjfa-48749	191	35	accrual	accrual	ADJ
cjfa-48749	191	36	company	company	NOUN
cjfa-48749	191	37	i	i	PRON
cjfa-48749	191	38	at	at	ADP
cjfa-48749	191	39	year	year	NOUN
cjfa-48749	191	40	t	t	PROPN
cjfa-48749	191	41	tait-1	tait-1	NUM
cjfa-48749	191	42	:	:	PUNCT
cjfa-48749	191	43	total	total	ADJ
cjfa-48749	191	44	asset	asset	NOUN
cjfa-48749	191	45	company	company	NOUN
cjfa-48749	191	46	i	i	PRON
cjfa-48749	191	47	at	at	ADP
cjfa-48749	191	48	year	year	NOUN
cjfa-48749	191	49	t-1	t-1	PROPN
cjfa-48749	191	50	ndait	ndait	PROPN
cjfa-48749	191	51	:	:	PUNCT
cjfa-48749	191	52	non	non	X
cjfa-48749	191	53	discretionary	discretionary	ADJ
cjfa-48749	191	54	accrual	accrual	ADJ
cjfa-48749	191	55	company	company	NOUN
cjfa-48749	191	56	i	i	PRON
cjfa-48749	191	57	at	at	ADP
cjfa-48749	191	58	year	year	NOUN
cjfa-48749	191	59	t	t	PROPN
cjfa-48749	191	60	control	control	NOUN
cjfa-48749	191	61	variables	variable	NOUN
cjfa-48749	191	62	there	there	PRON
cjfa-48749	191	63	are	be	VERB
cjfa-48749	191	64	three	three	NUM
cjfa-48749	191	65	control	control	NOUN
cjfa-48749	191	66	variables	variable	NOUN
cjfa-48749	191	67	used	use	VERB
cjfa-48749	191	68	,	,	PUNCT
cjfa-48749	191	69	namely	namely	ADV
cjfa-48749	191	70	firm	firm	ADJ
cjfa-48749	191	71	size	size	NOUN
cjfa-48749	191	72	(	(	PUNCT
cjfa-48749	191	73	natural	natural	ADJ
cjfa-48749	191	74	logarithm	logarithm	NOUN
cjfa-48749	191	75	of	of	ADP
cjfa-48749	191	76	total	total	ADJ
cjfa-48749	191	77	assets	asset	NOUN
cjfa-48749	191	78	)	)	PUNCT
cjfa-48749	191	79	,	,	PUNCT
cjfa-48749	191	80	profitability	profitability	NOUN
cjfa-48749	191	81	(	(	PUNCT
cjfa-48749	191	82	return	return	VERB
cjfa-48749	191	83	on	on	ADP
cjfa-48749	191	84	assets	asset	NOUN
cjfa-48749	191	85	)	)	PUNCT
cjfa-48749	191	86	,	,	PUNCT
cjfa-48749	191	87	and	and	CCONJ
cjfa-48749	191	88	leverage	leverage	NOUN
cjfa-48749	191	89	(	(	PUNCT
cjfa-48749	191	90	debt	debt	NOUN
cjfa-48749	191	91	to	to	ADP
cjfa-48749	191	92	equity	equity	NOUN
cjfa-48749	191	93	)	)	PUNCT
cjfa-48749	191	94	.	.	PUNCT
cjfa-48749	192	1	data	datum	NOUN
cjfa-48749	192	2	analysis	analysis	NOUN
cjfa-48749	192	3	this	this	DET
cjfa-48749	192	4	research	research	NOUN
cjfa-48749	192	5	employs	employ	VERB
cjfa-48749	192	6	multiple	multiple	ADJ
cjfa-48749	192	7	regression	regression	NOUN
cjfa-48749	192	8	analysis	analysis	NOUN
cjfa-48749	192	9	to	to	PART
cjfa-48749	192	10	examine	examine	VERB
cjfa-48749	192	11	the	the	DET
cjfa-48749	192	12	data	datum	NOUN
cjfa-48749	192	13	.	.	PUNCT
cjfa-48749	193	1	the	the	DET
cjfa-48749	193	2	formulae	formulae	NOUN
cjfa-48749	193	3	for	for	ADP
cjfa-48749	193	4	multiple	multiple	ADJ
cjfa-48749	193	5	regression	regression	NOUN
cjfa-48749	193	6	are	be	AUX
cjfa-48749	193	7	as	as	SCONJ
cjfa-48749	193	8	follows	follow	VERB
cjfa-48749	193	9	:	:	PUNCT
cjfa-48749	193	10	price	price	NOUN
cjfa-48749	193	11	aq	aq	AUX
cjfa-48749	193	12	em	em	PRON
cjfa-48749	193	13	fs	fs	ADP
cjfa-48749	193	14	roa	roa	PROPN
cjfa-48749	193	15	der	der	NOUN
cjfa-48749	193	16	e	e	PROPN
cjfa-48749	193	17	6	6	NUM
cjfa-48749	193	18	pbv	pbv	VERB
cjfa-48749	193	19	aq	aq	INTJ
cjfa-48749	193	20	em	em	PRON
cjfa-48749	193	21	fs	fs	ADP
cjfa-48749	193	22	roa	roa	PROPN
cjfa-48749	193	23	der	der	NOUN
cjfa-48749	193	24	e	e	PROPN
cjfa-48749	193	25	7	7	NUM
cjfa-48749	193	26	tbq	tbq	NOUN
cjfa-48749	193	27	aq	aq	VERB
cjfa-48749	193	28	em	em	PRON
cjfa-48749	193	29	fs	fs	ADP
cjfa-48749	193	30	roa	roa	PROPN
cjfa-48749	193	31	der	der	NOUN
cjfa-48749	193	32	e	e	PROPN
cjfa-48749	193	33	8	8	NUM
cjfa-48749	193	34	mva	mva	NOUN
cjfa-48749	193	35	aq	aq	VERB
cjfa-48749	193	36	em	em	PRON
cjfa-48749	193	37	fs	fs	ADP
cjfa-48749	193	38	roa	roa	PROPN
cjfa-48749	193	39	der	der	NOUN
cjfa-48749	193	40	e	e	PROPN
cjfa-48749	193	41	9	9	NUM
cjfa-48749	193	42	results	result	NOUN
cjfa-48749	193	43	and	and	CCONJ
cjfa-48749	193	44	discussion	discussion	VERB
cjfa-48749	193	45	the	the	DET
cjfa-48749	193	46	data	datum	NOUN
cjfa-48749	193	47	utilized	utilize	VERB
cjfa-48749	193	48	in	in	ADP
cjfa-48749	193	49	this	this	DET
cjfa-48749	193	50	study	study	NOUN
cjfa-48749	193	51	include	include	VERB
cjfa-48749	193	52	secondary	secondary	ADJ
cjfa-48749	193	53	data	datum	NOUN
cjfa-48749	193	54	obtained	obtain	VERB
cjfa-48749	193	55	from	from	ADP
cjfa-48749	193	56	manufacturing	manufacture	VERB
cjfa-48749	193	57	companies	company	NOUN
cjfa-48749	193	58	that	that	PRON
cjfa-48749	193	59	were	be	AUX
cjfa-48749	193	60	listed	list	VERB
cjfa-48749	193	61	on	on	ADP
cjfa-48749	193	62	the	the	DET
cjfa-48749	193	63	idx	idx	NOUN
cjfa-48749	193	64	(	(	PUNCT
cjfa-48749	193	65	indonesia	indonesia	PROPN
cjfa-48749	193	66	stock	stock	PROPN
cjfa-48749	193	67	exchange	exchange	PROPN
cjfa-48749	193	68	)	)	PUNCT
cjfa-48749	193	69	during	during	ADP
cjfa-48749	193	70	the	the	DET
cjfa-48749	193	71	years	year	NOUN
cjfa-48749	193	72	2018	2018	NUM
cjfa-48749	193	73	and	and	CCONJ
cjfa-48749	193	74	2021	2021	NUM
cjfa-48749	193	75	.	.	PUNCT
cjfa-48749	194	1	the	the	DET
cjfa-48749	194	2	sample	sample	NOUN
cjfa-48749	194	3	is	be	AUX
cjfa-48749	194	4	chosen	choose	VERB
cjfa-48749	194	5	using	use	VERB
cjfa-48749	194	6	the	the	DET
cjfa-48749	194	7	purposive	purposive	ADJ
cjfa-48749	194	8	sampling	sampling	NOUN
cjfa-48749	194	9	technique	technique	NOUN
cjfa-48749	194	10	in	in	ADP
cjfa-48749	194	11	the	the	DET
cjfa-48749	194	12	following	following	ADJ
cjfa-48749	194	13	manner	manner	NOUN
cjfa-48749	194	14	:	:	PUNCT
cjfa-48749	194	15	table	table	NOUN
cjfa-48749	194	16	1	1	NUM
cjfa-48749	194	17	.	.	PUNCT
cjfa-48749	194	18	sample	sample	NOUN
cjfa-48749	194	19	selection	selection	NOUN
cjfa-48749	194	20	(	(	PUNCT
cjfa-48749	194	21	7	7	NUM
cjfa-48749	194	22	)	)	PUNCT
cjfa-48749	194	23	dait	dait	NOUN
cjfa-48749	194	24	:	:	PUNCT
cjfa-48749	194	25	discretionary	discretionary	ADJ
cjfa-48749	194	26	accrual	accrual	ADJ
cjfa-48749	194	27	company	company	NOUN
cjfa-48749	194	28	i	i	PRON
cjfa-48749	194	29	at	at	ADP
cjfa-48749	194	30	year	year	NOUN
cjfa-48749	194	31	t	t	PROPN
cjfa-48749	194	32	tacit	tacit	NOUN
cjfa-48749	194	33	:	:	PUNCT
cjfa-48749	194	34	total	total	ADJ
cjfa-48749	194	35	accrual	accrual	ADJ
cjfa-48749	194	36	company	company	NOUN
cjfa-48749	194	37	i	i	PRON
cjfa-48749	194	38	at	at	ADP
cjfa-48749	194	39	year	year	NOUN
cjfa-48749	194	40	t	t	PROPN
cjfa-48749	194	41	tait-1	tait-1	NUM
cjfa-48749	194	42	:	:	PUNCT
cjfa-48749	194	43	total	total	ADJ
cjfa-48749	194	44	asset	asset	NOUN
cjfa-48749	194	45	company	company	NOUN
cjfa-48749	194	46	i	i	PRON
cjfa-48749	194	47	at	at	ADP
cjfa-48749	194	48	year	year	NOUN
cjfa-48749	194	49	t-1	t-1	PROPN
cjfa-48749	194	50	ndait	ndait	PROPN
cjfa-48749	194	51	:	:	PUNCT
cjfa-48749	194	52	non	non	X
cjfa-48749	194	53	discretionary	discretionary	ADJ
cjfa-48749	194	54	accrual	accrual	ADJ
cjfa-48749	194	55	company	company	NOUN
cjfa-48749	194	56	i	i	PRON
cjfa-48749	194	57	at	at	ADP
cjfa-48749	194	58	year	year	NOUN
cjfa-48749	194	59	t	t	PROPN
cjfa-48749	194	60	control	control	NOUN
cjfa-48749	194	61	variables	variable	NOUN
cjfa-48749	194	62	there	there	PRON
cjfa-48749	194	63	are	be	VERB
cjfa-48749	194	64	three	three	NUM
cjfa-48749	194	65	control	control	NOUN
cjfa-48749	194	66	variables	variable	NOUN
cjfa-48749	194	67	used	use	VERB
cjfa-48749	194	68	,	,	PUNCT
cjfa-48749	194	69	namely	namely	ADV
cjfa-48749	194	70	firm	firm	ADJ
cjfa-48749	194	71	size	size	NOUN
cjfa-48749	194	72	(	(	PUNCT
cjfa-48749	194	73	natural	natural	ADJ
cjfa-48749	194	74	logarithm	logarithm	NOUN
cjfa-48749	194	75	of	of	ADP
cjfa-48749	194	76	total	total	ADJ
cjfa-48749	194	77	assets	asset	NOUN
cjfa-48749	194	78	)	)	PUNCT
cjfa-48749	194	79	,	,	PUNCT
cjfa-48749	194	80	profitability	profitability	NOUN
cjfa-48749	194	81	(	(	PUNCT
cjfa-48749	194	82	return	return	VERB
cjfa-48749	194	83	on	on	ADP
cjfa-48749	194	84	assets	asset	NOUN
cjfa-48749	194	85	)	)	PUNCT
cjfa-48749	194	86	,	,	PUNCT
cjfa-48749	194	87	and	and	CCONJ
cjfa-48749	194	88	leverage	leverage	NOUN
cjfa-48749	194	89	(	(	PUNCT
cjfa-48749	194	90	debt	debt	NOUN
cjfa-48749	194	91	to	to	ADP
cjfa-48749	194	92	equity	equity	NOUN
cjfa-48749	194	93	)	)	PUNCT
cjfa-48749	194	94	.	.	PUNCT
cjfa-48749	195	1	data	datum	NOUN
cjfa-48749	195	2	analysis	analysis	NOUN
cjfa-48749	195	3	this	this	DET
cjfa-48749	195	4	research	research	NOUN
cjfa-48749	195	5	employs	employ	VERB
cjfa-48749	195	6	multiple	multiple	ADJ
cjfa-48749	195	7	regression	regression	NOUN
cjfa-48749	195	8	analysis	analysis	NOUN
cjfa-48749	195	9	to	to	PART
cjfa-48749	195	10	examine	examine	VERB
cjfa-48749	195	11	the	the	DET
cjfa-48749	195	12	data	datum	NOUN
cjfa-48749	195	13	.	.	PUNCT
cjfa-48749	196	1	the	the	DET
cjfa-48749	196	2	formulae	formulae	NOUN
cjfa-48749	196	3	for	for	ADP
cjfa-48749	196	4	multiple	multiple	ADJ
cjfa-48749	196	5	regression	regression	NOUN
cjfa-48749	196	6	are	be	AUX
cjfa-48749	196	7	as	as	SCONJ
cjfa-48749	196	8	follows	follow	VERB
cjfa-48749	196	9	:	:	PUNCT
cjfa-48749	196	10	price	price	NOUN
cjfa-48749	196	11	aq	aq	AUX
cjfa-48749	196	12	em	em	PRON
cjfa-48749	196	13	fs	fs	ADP
cjfa-48749	196	14	roa	roa	PROPN
cjfa-48749	196	15	der	der	NOUN
cjfa-48749	196	16	e	e	PROPN
cjfa-48749	196	17	6	6	NUM
cjfa-48749	196	18	pbv	pbv	VERB
cjfa-48749	196	19	aq	aq	INTJ
cjfa-48749	196	20	em	em	PRON
cjfa-48749	196	21	fs	fs	ADP
cjfa-48749	196	22	roa	roa	PROPN
cjfa-48749	196	23	der	der	NOUN
cjfa-48749	196	24	e	e	PROPN
cjfa-48749	196	25	7	7	NUM
cjfa-48749	196	26	tbq	tbq	NOUN
cjfa-48749	196	27	aq	aq	VERB
cjfa-48749	196	28	em	em	PRON
cjfa-48749	196	29	fs	fs	ADP
cjfa-48749	196	30	roa	roa	PROPN
cjfa-48749	196	31	der	der	NOUN
cjfa-48749	196	32	e	e	PROPN
cjfa-48749	196	33	8	8	NUM
cjfa-48749	196	34	mva	mva	NOUN
cjfa-48749	196	35	aq	aq	VERB
cjfa-48749	196	36	em	em	PRON
cjfa-48749	196	37	fs	fs	ADP
cjfa-48749	196	38	roa	roa	PROPN
cjfa-48749	196	39	der	der	NOUN
cjfa-48749	196	40	e	e	PROPN
cjfa-48749	196	41	9	9	NUM
cjfa-48749	196	42	results	result	NOUN
cjfa-48749	196	43	and	and	CCONJ
cjfa-48749	196	44	discussion	discussion	VERB
cjfa-48749	196	45	the	the	DET
cjfa-48749	196	46	data	datum	NOUN
cjfa-48749	196	47	utilized	utilize	VERB
cjfa-48749	196	48	in	in	ADP
cjfa-48749	196	49	this	this	DET
cjfa-48749	196	50	study	study	NOUN
cjfa-48749	196	51	include	include	VERB
cjfa-48749	196	52	secondary	secondary	ADJ
cjfa-48749	196	53	data	datum	NOUN
cjfa-48749	196	54	obtained	obtain	VERB
cjfa-48749	196	55	from	from	ADP
cjfa-48749	196	56	manufacturing	manufacture	VERB
cjfa-48749	196	57	companies	company	NOUN
cjfa-48749	196	58	that	that	PRON
cjfa-48749	196	59	were	be	AUX
cjfa-48749	196	60	listed	list	VERB
cjfa-48749	196	61	on	on	ADP
cjfa-48749	196	62	the	the	DET
cjfa-48749	196	63	idx	idx	NOUN
cjfa-48749	196	64	(	(	PUNCT
cjfa-48749	196	65	indonesia	indonesia	PROPN
cjfa-48749	196	66	stock	stock	PROPN
cjfa-48749	196	67	exchange	exchange	PROPN
cjfa-48749	196	68	)	)	PUNCT
cjfa-48749	196	69	during	during	ADP
cjfa-48749	196	70	the	the	DET
cjfa-48749	196	71	years	year	NOUN
cjfa-48749	196	72	2018	2018	NUM
cjfa-48749	196	73	and	and	CCONJ
cjfa-48749	196	74	2021	2021	NUM
cjfa-48749	196	75	.	.	PUNCT
cjfa-48749	197	1	the	the	DET
cjfa-48749	197	2	sample	sample	NOUN
cjfa-48749	197	3	is	be	AUX
cjfa-48749	197	4	chosen	choose	VERB
cjfa-48749	197	5	using	use	VERB
cjfa-48749	197	6	the	the	DET
cjfa-48749	197	7	purposive	purposive	ADJ
cjfa-48749	197	8	sampling	sampling	NOUN
cjfa-48749	197	9	technique	technique	NOUN
cjfa-48749	197	10	in	in	ADP
cjfa-48749	197	11	the	the	DET
cjfa-48749	197	12	following	following	ADJ
cjfa-48749	197	13	manner	manner	NOUN
cjfa-48749	197	14	:	:	PUNCT
cjfa-48749	197	15	table	table	NOUN
cjfa-48749	197	16	1	1	NUM
cjfa-48749	197	17	.	.	PUNCT
cjfa-48749	197	18	sample	sample	NOUN
cjfa-48749	197	19	selection	selection	NOUN
cjfa-48749	197	20	(	(	PUNCT
cjfa-48749	197	21	8)	8)	NUM
cjfa-48749	197	22	dait	dait	NOUN
cjfa-48749	197	23	:	:	PUNCT
cjfa-48749	197	24	discretionary	discretionary	ADJ
cjfa-48749	197	25	accrual	accrual	ADJ
cjfa-48749	197	26	company	company	NOUN
cjfa-48749	197	27	i	i	PRON
cjfa-48749	197	28	at	at	ADP
cjfa-48749	197	29	year	year	NOUN
cjfa-48749	197	30	t	t	PROPN
cjfa-48749	197	31	tacit	tacit	NOUN
cjfa-48749	197	32	:	:	PUNCT
cjfa-48749	197	33	total	total	ADJ
cjfa-48749	197	34	accrual	accrual	ADJ
cjfa-48749	197	35	company	company	NOUN
cjfa-48749	197	36	i	i	PRON
cjfa-48749	197	37	at	at	ADP
cjfa-48749	197	38	year	year	NOUN
cjfa-48749	197	39	t	t	PROPN
cjfa-48749	197	40	tait-1	tait-1	NUM
cjfa-48749	197	41	:	:	PUNCT
cjfa-48749	197	42	total	total	ADJ
cjfa-48749	197	43	asset	asset	NOUN
cjfa-48749	197	44	company	company	NOUN
cjfa-48749	197	45	i	i	PRON
cjfa-48749	197	46	at	at	ADP
cjfa-48749	197	47	year	year	NOUN
cjfa-48749	197	48	t-1	t-1	PROPN
cjfa-48749	197	49	ndait	ndait	PROPN
cjfa-48749	197	50	:	:	PUNCT
cjfa-48749	197	51	non	non	X
cjfa-48749	197	52	discretionary	discretionary	ADJ
cjfa-48749	197	53	accrual	accrual	ADJ
cjfa-48749	197	54	company	company	NOUN
cjfa-48749	197	55	i	i	PRON
cjfa-48749	197	56	at	at	ADP
cjfa-48749	197	57	year	year	NOUN
cjfa-48749	197	58	t	t	PROPN
cjfa-48749	197	59	control	control	NOUN
cjfa-48749	197	60	variables	variable	NOUN
cjfa-48749	197	61	there	there	PRON
cjfa-48749	197	62	are	be	VERB
cjfa-48749	197	63	three	three	NUM
cjfa-48749	197	64	control	control	NOUN
cjfa-48749	197	65	variables	variable	NOUN
cjfa-48749	197	66	used	use	VERB
cjfa-48749	197	67	,	,	PUNCT
cjfa-48749	197	68	namely	namely	ADV
cjfa-48749	197	69	firm	firm	ADJ
cjfa-48749	197	70	size	size	NOUN
cjfa-48749	197	71	(	(	PUNCT
cjfa-48749	197	72	natural	natural	ADJ
cjfa-48749	197	73	logarithm	logarithm	NOUN
cjfa-48749	197	74	of	of	ADP
cjfa-48749	197	75	total	total	ADJ
cjfa-48749	197	76	assets	asset	NOUN
cjfa-48749	197	77	)	)	PUNCT
cjfa-48749	197	78	,	,	PUNCT
cjfa-48749	197	79	profitability	profitability	NOUN
cjfa-48749	197	80	(	(	PUNCT
cjfa-48749	197	81	return	return	VERB
cjfa-48749	197	82	on	on	ADP
cjfa-48749	197	83	assets	asset	NOUN
cjfa-48749	197	84	)	)	PUNCT
cjfa-48749	197	85	,	,	PUNCT
cjfa-48749	197	86	and	and	CCONJ
cjfa-48749	197	87	leverage	leverage	NOUN
cjfa-48749	197	88	(	(	PUNCT
cjfa-48749	197	89	debt	debt	NOUN
cjfa-48749	197	90	to	to	ADP
cjfa-48749	197	91	equity	equity	NOUN
cjfa-48749	197	92	)	)	PUNCT
cjfa-48749	197	93	.	.	PUNCT
cjfa-48749	198	1	data	datum	NOUN
cjfa-48749	198	2	analysis	analysis	NOUN
cjfa-48749	198	3	this	this	DET
cjfa-48749	198	4	research	research	NOUN
cjfa-48749	198	5	employs	employ	VERB
cjfa-48749	198	6	multiple	multiple	ADJ
cjfa-48749	198	7	regression	regression	NOUN
cjfa-48749	198	8	analysis	analysis	NOUN
cjfa-48749	198	9	to	to	PART
cjfa-48749	198	10	examine	examine	VERB
cjfa-48749	198	11	the	the	DET
cjfa-48749	198	12	data	datum	NOUN
cjfa-48749	198	13	.	.	PUNCT
cjfa-48749	199	1	the	the	DET
cjfa-48749	199	2	formulae	formulae	NOUN
cjfa-48749	199	3	for	for	ADP
cjfa-48749	199	4	multiple	multiple	ADJ
cjfa-48749	199	5	regression	regression	NOUN
cjfa-48749	199	6	are	be	AUX
cjfa-48749	199	7	as	as	SCONJ
cjfa-48749	199	8	follows	follow	VERB
cjfa-48749	199	9	:	:	PUNCT
cjfa-48749	199	10	price	price	NOUN
cjfa-48749	199	11	aq	aq	AUX
cjfa-48749	199	12	em	em	PRON
cjfa-48749	199	13	fs	fs	ADP
cjfa-48749	199	14	roa	roa	PROPN
cjfa-48749	199	15	der	der	NOUN
cjfa-48749	199	16	e	e	PROPN
cjfa-48749	199	17	6	6	NUM
cjfa-48749	199	18	pbv	pbv	VERB
cjfa-48749	199	19	aq	aq	INTJ
cjfa-48749	199	20	em	em	PRON
cjfa-48749	199	21	fs	fs	ADP
cjfa-48749	199	22	roa	roa	PROPN
cjfa-48749	199	23	der	der	NOUN
cjfa-48749	199	24	e	e	PROPN
cjfa-48749	199	25	7	7	NUM
cjfa-48749	199	26	tbq	tbq	NOUN
cjfa-48749	199	27	aq	aq	VERB
cjfa-48749	199	28	em	em	PRON
cjfa-48749	199	29	fs	fs	ADP
cjfa-48749	199	30	roa	roa	PROPN
cjfa-48749	199	31	der	der	NOUN
cjfa-48749	199	32	e	e	PROPN
cjfa-48749	199	33	8	8	NUM
cjfa-48749	199	34	mva	mva	NOUN
cjfa-48749	199	35	aq	aq	VERB
cjfa-48749	199	36	em	em	PRON
cjfa-48749	199	37	fs	fs	ADP
cjfa-48749	199	38	roa	roa	PROPN
cjfa-48749	199	39	der	der	NOUN
cjfa-48749	199	40	e	e	PROPN
cjfa-48749	199	41	9	9	NUM
cjfa-48749	199	42	results	result	NOUN
cjfa-48749	199	43	and	and	CCONJ
cjfa-48749	199	44	discussion	discussion	VERB
cjfa-48749	199	45	the	the	DET
cjfa-48749	199	46	data	datum	NOUN
cjfa-48749	199	47	utilized	utilize	VERB
cjfa-48749	199	48	in	in	ADP
cjfa-48749	199	49	this	this	DET
cjfa-48749	199	50	study	study	NOUN
cjfa-48749	199	51	include	include	VERB
cjfa-48749	199	52	secondary	secondary	ADJ
cjfa-48749	199	53	data	datum	NOUN
cjfa-48749	199	54	obtained	obtain	VERB
cjfa-48749	199	55	from	from	ADP
cjfa-48749	199	56	manufacturing	manufacture	VERB
cjfa-48749	199	57	companies	company	NOUN
cjfa-48749	199	58	that	that	PRON
cjfa-48749	199	59	were	be	AUX
cjfa-48749	199	60	listed	list	VERB
cjfa-48749	199	61	on	on	ADP
cjfa-48749	199	62	the	the	DET
cjfa-48749	199	63	idx	idx	NOUN
cjfa-48749	199	64	(	(	PUNCT
cjfa-48749	199	65	indonesia	indonesia	PROPN
cjfa-48749	199	66	stock	stock	PROPN
cjfa-48749	199	67	exchange	exchange	PROPN
cjfa-48749	199	68	)	)	PUNCT
cjfa-48749	199	69	during	during	ADP
cjfa-48749	199	70	the	the	DET
cjfa-48749	199	71	years	year	NOUN
cjfa-48749	199	72	2018	2018	NUM
cjfa-48749	199	73	and	and	CCONJ
cjfa-48749	199	74	2021	2021	NUM
cjfa-48749	199	75	.	.	PUNCT
cjfa-48749	200	1	the	the	DET
cjfa-48749	200	2	sample	sample	NOUN
cjfa-48749	200	3	is	be	AUX
cjfa-48749	200	4	chosen	choose	VERB
cjfa-48749	200	5	using	use	VERB
cjfa-48749	200	6	the	the	DET
cjfa-48749	200	7	purposive	purposive	ADJ
cjfa-48749	200	8	sampling	sampling	NOUN
cjfa-48749	200	9	technique	technique	NOUN
cjfa-48749	200	10	in	in	ADP
cjfa-48749	200	11	the	the	DET
cjfa-48749	200	12	following	following	ADJ
cjfa-48749	200	13	manner	manner	NOUN
cjfa-48749	200	14	:	:	PUNCT
cjfa-48749	200	15	table	table	NOUN
cjfa-48749	200	16	1	1	NUM
cjfa-48749	200	17	.	.	PUNCT
cjfa-48749	200	18	sample	sample	NOUN
cjfa-48749	200	19	selection	selection	NOUN
cjfa-48749	200	20	(	(	PUNCT
cjfa-48749	200	21	9	9	NUM
cjfa-48749	200	22	)	)	PUNCT
cjfa-48749	200	23	results	result	NOUN
cjfa-48749	200	24	and	and	CCONJ
cjfa-48749	200	25	discussionresults	discussionresult	NOUN
cjfa-48749	200	26	and	and	CCONJ
cjfa-48749	200	27	discussion	discussion	NOUN
cjfa-48749	200	28	the	the	DET
cjfa-48749	200	29	data	datum	NOUN
cjfa-48749	200	30	utilized	utilize	VERB
cjfa-48749	200	31	in	in	ADP
cjfa-48749	200	32	this	this	DET
cjfa-48749	200	33	study	study	NOUN
cjfa-48749	200	34	include	include	VERB
cjfa-48749	200	35	secondary	secondary	ADJ
cjfa-48749	200	36	data	datum	NOUN
cjfa-48749	200	37	obtained	obtain	VERB
cjfa-48749	200	38	from	from	ADP
cjfa-48749	200	39	manufacturing	manufacture	VERB
cjfa-48749	200	40	companies	company	NOUN
cjfa-48749	200	41	that	that	PRON
cjfa-48749	200	42	were	be	AUX
cjfa-48749	200	43	listed	list	VERB
cjfa-48749	200	44	on	on	ADP
cjfa-48749	200	45	the	the	DET
cjfa-48749	200	46	idx	idx	NOUN
cjfa-48749	200	47	(	(	PUNCT
cjfa-48749	200	48	indonesia	indonesia	PROPN
cjfa-48749	200	49	stock	stock	PROPN
cjfa-48749	200	50	exchange	exchange	PROPN
cjfa-48749	200	51	)	)	PUNCT
cjfa-48749	200	52	during	during	ADP
cjfa-48749	200	53	the	the	DET
cjfa-48749	200	54	years	year	NOUN
cjfa-48749	200	55	2018	2018	NUM
cjfa-48749	200	56	and	and	CCONJ
cjfa-48749	200	57	2021	2021	NUM
cjfa-48749	200	58	.	.	PUNCT
cjfa-48749	201	1	the	the	DET
cjfa-48749	201	2	sample	sample	NOUN
cjfa-48749	201	3	is	be	AUX
cjfa-48749	201	4	chosen	choose	VERB
cjfa-48749	201	5	using	use	VERB
cjfa-48749	201	6	the	the	DET
cjfa-48749	201	7	purposive	purposive	ADJ
cjfa-48749	201	8	sampling	sampling	NOUN
cjfa-48749	201	9	technique	technique	NOUN
cjfa-48749	201	10	in	in	ADP
cjfa-48749	201	11	the	the	DET
cjfa-48749	201	12	following	follow	VERB
cjfa-48749	201	13	manner	manner	NOUN
cjfa-48749	201	14	:	:	PUNCT
cjfa-48749	201	15	the	the	DET
cjfa-48749	201	16	analysis	analysis	NOUN
cjfa-48749	201	17	of	of	ADP
cjfa-48749	201	18	financial	financial	ADJ
cjfa-48749	201	19	reporting	reporting	NOUN
cjfa-48749	201	20	quality	quality	NOUN
cjfa-48749	201	21	and	and	CCONJ
cjfa-48749	201	22	firm	firm	ADJ
cjfa-48749	201	23	value	value	NOUN
cjfa-48749	201	24	3535	3535	NUM
cjfa-48749	201	25	table	table	NOUN
cjfa-48749	201	26	1	1	NUM
cjfa-48749	201	27	.	.	PUNCT
cjfa-48749	201	28	sample	sample	NOUN
cjfa-48749	201	29	selection	selection	NOUN
cjfa-48749	201	30	criterias	criteria	NOUN
cjfa-48749	201	31	companies	company	NOUN
cjfa-48749	201	32	manufacturing	manufacture	VERB
cjfa-48749	201	33	companies	company	NOUN
cjfa-48749	201	34	listed	list	VERB
cjfa-48749	201	35	in	in	ADP
cjfa-48749	201	36	idx	idx	NOUN
cjfa-48749	201	37	during	during	ADP
cjfa-48749	201	38	2018	2018	NUM
cjfa-48749	201	39	-	-	SYM
cjfa-48749	201	40	2021	2021	NUM
cjfa-48749	201	41	153	153	NUM
cjfa-48749	201	42	less	less	ADJ
cjfa-48749	201	43	:	:	PUNCT
cjfa-48749	201	44	companies	company	NOUN
cjfa-48749	201	45	that	that	PRON
cjfa-48749	201	46	did	do	AUX
cjfa-48749	201	47	not	not	PART
cjfa-48749	201	48	publish	publish	VERB
cjfa-48749	201	49	audited	audit	VERB
cjfa-48749	201	50	financial	financial	ADJ
cjfa-48749	201	51	statements	statement	NOUN
cjfa-48749	201	52	,	,	PUNCT
cjfa-48749	201	53	closed	close	VERB
cjfa-48749	201	54	their	their	PRON
cjfa-48749	201	55	books	book	NOUN
cjfa-48749	201	56	at	at	ADP
cjfa-48749	201	57	the	the	DET
cjfa-48749	201	58	end	end	NOUN
cjfa-48749	201	59	of	of	ADP
cjfa-48749	201	60	the	the	DET
cjfa-48749	201	61	year	year	NOUN
cjfa-48749	201	62	,	,	PUNCT
cjfa-48749	201	63	used	use	VERB
cjfa-48749	201	64	rupiah	rupiah	NOUN
cjfa-48749	201	65	currency	currency	NOUN
cjfa-48749	201	66	for	for	ADP
cjfa-48749	201	67	the	the	DET
cjfa-48749	201	68	period	period	NOUN
cjfa-48749	201	69	january	january	PROPN
cjfa-48749	201	70	1	1	NUM
cjfa-48749	201	71	,	,	PUNCT
cjfa-48749	201	72	2018	2018	NUM
cjfa-48749	201	73	to	to	ADP
cjfa-48749	201	74	december	december	PROPN
cjfa-48749	201	75	31	31	NUM
cjfa-48749	201	76	,	,	PUNCT
cjfa-48749	201	77	2021	2021	NUM
cjfa-48749	201	78	34	34	NUM
cjfa-48749	201	79	less	less	ADJ
cjfa-48749	201	80	:	:	PUNCT
cjfa-48749	201	81	companies	company	NOUN
cjfa-48749	201	82	that	that	PRON
cjfa-48749	201	83	did	do	VERB
cjfa-48749	201	84	stock	stock	NOUN
cjfa-48749	201	85	splits	split	NOUN
cjfa-48749	201	86	,	,	PUNCT
cjfa-48749	201	87	reverse	reverse	VERB
cjfa-48749	201	88	stock	stock	NOUN
cjfa-48749	201	89	splits	split	NOUN
cjfa-48749	201	90	,	,	PUNCT
cjfa-48749	201	91	rights	right	NOUN
cjfa-48749	201	92	issues	issue	NOUN
cjfa-48749	201	93	,	,	PUNCT
cjfa-48749	201	94	or	or	CCONJ
cjfa-48749	201	95	buybacks	buyback	NOUN
cjfa-48749	201	96	during	during	ADP
cjfa-48749	201	97	the	the	DET
cjfa-48749	201	98	period	period	NOUN
cjfa-48749	201	99	january	january	PROPN
cjfa-48749	201	100	1	1	NUM
cjfa-48749	201	101	,	,	PUNCT
cjfa-48749	201	102	2018	2018	NUM
cjfa-48749	201	103	to	to	ADP
cjfa-48749	201	104	december	december	PROPN
cjfa-48749	201	105	31	31	NUM
cjfa-48749	201	106	,	,	PUNCT
cjfa-48749	201	107	2021	2021	NUM
cjfa-48749	201	108	12	12	NUM
cjfa-48749	201	109	less	less	ADJ
cjfa-48749	201	110	:	:	PUNCT
cjfa-48749	201	111	companies	company	NOUN
cjfa-48749	201	112	that	that	PRON
cjfa-48749	201	113	are	be	AUX
cjfa-48749	201	114	suspended	suspend	VERB
cjfa-48749	201	115	during	during	ADP
cjfa-48749	201	116	the	the	DET
cjfa-48749	201	117	period	period	NOUN
cjfa-48749	201	118	january	january	PROPN
cjfa-48749	201	119	1	1	NUM
cjfa-48749	201	120	,	,	PUNCT
cjfa-48749	201	121	2018	2018	NUM
cjfa-48749	201	122	to	to	ADP
cjfa-48749	201	123	december	december	PROPN
cjfa-48749	201	124	31	31	NUM
cjfa-48749	201	125	,	,	PUNCT
cjfa-48749	201	126	2021	2021	NUM
cjfa-48749	201	127	14	14	NUM
cjfa-48749	201	128	less	less	ADJ
cjfa-48749	201	129	:	:	PUNCT
cjfa-48749	201	130	companies	company	NOUN
cjfa-48749	201	131	that	that	PRON
cjfa-48749	201	132	did	do	AUX
cjfa-48749	201	133	not	not	PART
cjfa-48749	201	134	have	have	VERB
cjfa-48749	201	135	positive	positive	ADJ
cjfa-48749	201	136	net	net	ADJ
cjfa-48749	201	137	income	income	NOUN
cjfa-48749	201	138	during	during	ADP
cjfa-48749	201	139	the	the	DET
cjfa-48749	201	140	period	period	NOUN
cjfa-48749	201	141	january	january	PROPN
cjfa-48749	201	142	1	1	NUM
cjfa-48749	201	143	,	,	PUNCT
cjfa-48749	201	144	2018	2018	NUM
cjfa-48749	201	145	to	to	ADP
cjfa-48749	201	146	december	december	PROPN
cjfa-48749	201	147	31	31	NUM
cjfa-48749	201	148	,	,	PUNCT
cjfa-48749	201	149	2021	2021	NUM
cjfa-48749	201	150	38	38	NUM
cjfa-48749	201	151	companies	company	NOUN
cjfa-48749	201	152	selected	select	VERB
cjfa-48749	201	153	as	as	ADP
cjfa-48749	201	154	sample	sample	NOUN
cjfa-48749	201	155	55	55	NUM
cjfa-48749	201	156	s	s	NOUN
cjfa-48749	201	157	o	o	NOUN
cjfa-48749	201	158	u	u	NOUN
cjfa-48749	201	159	r	r	NOUN
cjfa-48749	201	160	c	c	NOUN
cjfa-48749	201	161	e	e	NOUN
cjfa-48749	201	162	:	:	PUNCT
cjfa-48749	201	163	data	datum	NOUN
cjfa-48749	201	164	analyzed	analyze	VERB
cjfa-48749	201	165	.	.	PUNCT
cjfa-48749	202	1	the	the	DET
cjfa-48749	202	2	final	final	ADJ
cjfa-48749	202	3	data	datum	NOUN
cjfa-48749	202	4	used	use	VERB
cjfa-48749	202	5	in	in	ADP
cjfa-48749	202	6	this	this	DET
cjfa-48749	202	7	research	research	NOUN
cjfa-48749	202	8	is	be	AUX
cjfa-48749	202	9	220	220	NUM
cjfa-48749	202	10	firm	firm	ADJ
cjfa-48749	202	11	-	-	PUNCT
cjfa-48749	202	12	years	year	NOUN
cjfa-48749	202	13	observations	observation	NOUN
cjfa-48749	202	14	.	.	PUNCT
cjfa-48749	203	1	statistic	statistic	ADJ
cjfa-48749	203	2	descriptive	descriptive	ADJ
cjfa-48749	203	3	shows	show	NOUN
cjfa-48749	203	4	that	that	SCONJ
cjfa-48749	203	5	average	average	ADJ
cjfa-48749	203	6	manufacturing	manufacturing	NOUN
cjfa-48749	203	7	companies	company	NOUN
cjfa-48749	203	8	’	’	PART
cjfa-48749	203	9	share	share	NOUN
cjfa-48749	203	10	price	price	NOUN
cjfa-48749	203	11	is	be	AUX
cjfa-48749	203	12	rp3,259	rp3,259	NOUN
cjfa-48749	203	13	.	.	PUNCT
cjfa-48749	204	1	pbv	pbv	VERB
cjfa-48749	204	2	has	have	VERB
cjfa-48749	204	3	a	a	DET
cjfa-48749	204	4	mean	mean	NOUN
cjfa-48749	204	5	of	of	ADP
cjfa-48749	204	6	1.99	1.99	NUM
cjfa-48749	204	7	which	which	PRON
cjfa-48749	204	8	means	mean	VERB
cjfa-48749	204	9	investors	investor	NOUN
cjfa-48749	204	10	are	be	AUX
cjfa-48749	204	11	willing	willing	ADJ
cjfa-48749	204	12	to	to	PART
cjfa-48749	204	13	pay	pay	VERB
cjfa-48749	204	14	1.99	1.99	NUM
cjfa-48749	204	15	times	time	NOUN
cjfa-48749	204	16	of	of	ADP
cjfa-48749	204	17	company	company	NOUN
cjfa-48749	204	18	’s	’s	PART
cjfa-48749	204	19	book	book	NOUN
cjfa-48749	204	20	value	value	NOUN
cjfa-48749	204	21	for	for	ADP
cjfa-48749	204	22	sample	sample	NOUN
cjfa-48749	204	23	companies	company	NOUN
cjfa-48749	204	24	in	in	ADP
cjfa-48749	204	25	this	this	DET
cjfa-48749	204	26	study	study	NOUN
cjfa-48749	204	27	.	.	PUNCT
cjfa-48749	205	1	average	average	ADJ
cjfa-48749	205	2	tobin	tobin	PROPN
cjfa-48749	205	3	’s	’s	PART
cjfa-48749	205	4	q	q	PROPN
cjfa-48749	205	5	is	be	AUX
cjfa-48749	205	6	1.56	1.56	NUM
cjfa-48749	205	7	which	which	PRON
cjfa-48749	205	8	shows	show	VERB
cjfa-48749	205	9	that	that	SCONJ
cjfa-48749	205	10	companies	company	NOUN
cjfa-48749	205	11	are	be	AUX
cjfa-48749	205	12	able	able	ADJ
cjfa-48749	205	13	to	to	PART
cjfa-48749	205	14	manage	manage	VERB
cjfa-48749	205	15	its	its	PRON
cjfa-48749	205	16	assets	asset	NOUN
cjfa-48749	205	17	to	to	PART
cjfa-48749	205	18	increase	increase	VERB
cjfa-48749	205	19	funding	fund	VERB
cjfa-48749	205	20	through	through	ADP
cjfa-48749	205	21	investors	investor	NOUN
cjfa-48749	205	22	and	and	CCONJ
cjfa-48749	205	23	creditors	creditor	NOUN
cjfa-48749	205	24	,	,	PUNCT
cjfa-48749	205	25	while	while	SCONJ
cjfa-48749	205	26	average	average	ADJ
cjfa-48749	205	27	mva	mva	NOUN
cjfa-48749	205	28	is	be	AUX
cjfa-48749	205	29	rp11,409	rp11,409	NOUN
cjfa-48749	205	30	billion	billion	NUM
cjfa-48749	205	31	.	.	PUNCT
cjfa-48749	206	1	positive	positive	ADJ
cjfa-48749	206	2	mva	mva	NOUN
cjfa-48749	206	3	indicates	indicate	VERB
cjfa-48749	206	4	that	that	SCONJ
cjfa-48749	206	5	companies	company	NOUN
cjfa-48749	206	6	are	be	AUX
cjfa-48749	206	7	able	able	ADJ
cjfa-48749	206	8	to	to	PART
cjfa-48749	206	9	create	create	VERB
cjfa-48749	206	10	value	value	NOUN
cjfa-48749	206	11	for	for	ADP
cjfa-48749	206	12	its	its	PRON
cjfa-48749	206	13	shareholders	shareholder	NOUN
cjfa-48749	206	14	.	.	PUNCT
cjfa-48749	207	1	average	average	ADJ
cjfa-48749	207	2	em	em	PRON
cjfa-48749	207	3	is	be	AUX
cjfa-48749	207	4	0.29	0.29	NUM
cjfa-48749	207	5	which	which	PRON
cjfa-48749	207	6	shows	show	VERB
cjfa-48749	207	7	that	that	SCONJ
cjfa-48749	207	8	the	the	DET
cjfa-48749	207	9	companies	company	NOUN
cjfa-48749	207	10	did	do	VERB
cjfa-48749	207	11	earnings	earning	NOUN
cjfa-48749	207	12	management	management	NOUN
cjfa-48749	207	13	by	by	ADP
cjfa-48749	207	14	earnings	earning	NOUN
cjfa-48749	207	15	maximization	maximization	NOUN
cjfa-48749	207	16	.	.	PUNCT
cjfa-48749	208	1	average	average	ADJ
cjfa-48749	208	2	aq	aq	NOUN
cjfa-48749	208	3	is	be	AUX
cjfa-48749	208	4	0.04	0.04	NUM
cjfa-48749	208	5	.	.	PUNCT
cjfa-48749	209	1	the	the	DET
cjfa-48749	209	2	low	low	ADJ
cjfa-48749	209	3	score	score	NOUN
cjfa-48749	209	4	of	of	ADP
cjfa-48749	209	5	aq	aq	PROPN
cjfa-48749	209	6	shows	show	VERB
cjfa-48749	209	7	that	that	SCONJ
cjfa-48749	209	8	financial	financial	ADJ
cjfa-48749	209	9	reporting	reporting	NOUN
cjfa-48749	209	10	quality	quality	NOUN
cjfa-48749	209	11	is	be	AUX
cjfa-48749	209	12	actually	actually	ADV
cjfa-48749	209	13	high	high	ADJ
cjfa-48749	209	14	.	.	PUNCT
cjfa-48749	210	1	average	average	ADJ
cjfa-48749	210	2	der	der	NOUN
cjfa-48749	210	3	is	be	AUX
cjfa-48749	210	4	0.71	0.71	NUM
cjfa-48749	210	5	,	,	PUNCT
cjfa-48749	210	6	which	which	PRON
cjfa-48749	210	7	means	mean	VERB
cjfa-48749	210	8	companies	company	NOUN
cjfa-48749	210	9	used	use	VERB
cjfa-48749	210	10	more	more	ADJ
cjfa-48749	210	11	internal	internal	ADJ
cjfa-48749	210	12	funding	funding	NOUN
cjfa-48749	210	13	that	that	DET
cjfa-48749	210	14	external	external	ADJ
cjfa-48749	210	15	debt	debt	NOUN
cjfa-48749	210	16	.	.	PUNCT
cjfa-48749	211	1	average	average	ADJ
cjfa-48749	211	2	size	size	NOUN
cjfa-48749	211	3	is	be	AUX
cjfa-48749	211	4	28.91	28.91	NUM
cjfa-48749	211	5	,	,	PUNCT
cjfa-48749	211	6	which	which	PRON
cjfa-48749	211	7	means	mean	VERB
cjfa-48749	211	8	all	all	DET
cjfa-48749	211	9	sample	sample	NOUN
cjfa-48749	211	10	companies	company	NOUN
cjfa-48749	211	11	are	be	AUX
cjfa-48749	211	12	categorized	categorize	VERB
cjfa-48749	211	13	as	as	ADP
cjfa-48749	211	14	big	big	ADJ
cjfa-48749	211	15	companies	company	NOUN
cjfa-48749	211	16	.	.	PUNCT
cjfa-48749	212	1	average	average	ADJ
cjfa-48749	212	2	roa	roa	PROPN
cjfa-48749	212	3	is	be	AUX
cjfa-48749	212	4	8.44	8.44	NUM
cjfa-48749	212	5	%	%	NOUN
cjfa-48749	212	6	,	,	PUNCT
cjfa-48749	212	7	which	which	PRON
cjfa-48749	212	8	means	mean	VERB
cjfa-48749	212	9	companies	company	NOUN
cjfa-48749	212	10	is	be	AUX
cjfa-48749	212	11	capable	capable	ADJ
cjfa-48749	212	12	to	to	PART
cjfa-48749	212	13	generate	generate	VERB
cjfa-48749	212	14	8.44	8.44	NUM
cjfa-48749	212	15	%	%	NOUN
cjfa-48749	212	16	net	net	ADJ
cjfa-48749	212	17	profit	profit	NOUN
cjfa-48749	212	18	by	by	ADP
cjfa-48749	212	19	using	use	VERB
cjfa-48749	212	20	its	its	PRON
cjfa-48749	212	21	assets	asset	NOUN
cjfa-48749	212	22	.	.	PUNCT
cjfa-48749	213	1	the	the	DET
cjfa-48749	213	2	data	datum	NOUN
cjfa-48749	213	3	utilized	utilize	VERB
cjfa-48749	213	4	in	in	ADP
cjfa-48749	213	5	this	this	DET
cjfa-48749	213	6	study	study	NOUN
cjfa-48749	213	7	has	have	AUX
cjfa-48749	213	8	successfully	successfully	ADV
cjfa-48749	213	9	undergone	undergo	VERB
cjfa-48749	213	10	testing	testing	NOUN
cjfa-48749	213	11	to	to	PART
cjfa-48749	213	12	confirm	confirm	VERB
cjfa-48749	213	13	its	its	PRON
cjfa-48749	213	14	adherence	adherence	NOUN
cjfa-48749	213	15	to	to	ADP
cjfa-48749	213	16	normality	normality	NOUN
cjfa-48749	213	17	and	and	CCONJ
cjfa-48749	213	18	classic	classic	ADJ
cjfa-48749	213	19	assumptions	assumption	NOUN
cjfa-48749	213	20	.	.	PUNCT
cjfa-48749	214	1	karina	karina	PROPN
cjfa-48749	214	2	harjanto3636	harjanto3636	PROPN
cjfa-48749	214	3	table	table	NOUN
cjfa-48749	214	4	2	2	NUM
cjfa-48749	214	5	.	.	PUNCT
cjfa-48749	215	1	coefficient	coefficient	NOUN
cjfa-48749	215	2	of	of	ADP
cjfa-48749	215	3	determination	determination	NOUN
cjfa-48749	215	4	test	test	NOUN
cjfa-48749	215	5	equations	equation	NOUN
cjfa-48749	215	6	r	r	NOUN
cjfa-48749	215	7	r	r	NOUN
cjfa-48749	215	8	square	square	ADJ
cjfa-48749	215	9	adjusted	adjust	VERB
cjfa-48749	215	10	r	r	NOUN
cjfa-48749	215	11	square	square	ADJ
cjfa-48749	215	12	std	std	NOUN
cjfa-48749	215	13	.	.	PUNCT
cjfa-48749	216	1	error	error	NOUN
cjfa-48749	216	2	of	of	ADP
cjfa-48749	216	3	the	the	DET
cjfa-48749	216	4	estimate	estimate	NOUN
cjfa-48749	216	5	f	f	PROPN
cjfa-48749	216	6	sig	sig	PROPN
cjfa-48749	216	7	.	.	PUNCT
cjfa-48749	217	1	f	f	PROPN
cjfa-48749	218	1	1	1	NUM
cjfa-48749	218	2	0.715	0.715	NUM
cjfa-48749	218	3	0.511	0.511	NUM
cjfa-48749	218	4	0.498	0.498	NUM
cjfa-48749	218	5	0.42937	0.42937	NUM
cjfa-48749	218	6	40.695	40.695	NUM
cjfa-48749	218	7	0.000	0.000	NUM
cjfa-48749	218	8	2	2	NUM
cjfa-48749	218	9	0.694	0.694	NUM
cjfa-48749	218	10	0.481	0.481	NUM
cjfa-48749	218	11	0.451	0.451	NUM
cjfa-48749	218	12	0.35329	0.35329	NUM
cjfa-48749	218	13	16.143	16.143	NUM
cjfa-48749	218	14	0.000	0.000	NUM
cjfa-48749	218	15	3	3	NUM
cjfa-48749	218	16	0.644	0.644	NUM
cjfa-48749	218	17	0.415	0.415	NUM
cjfa-48749	218	18	0.381	0.381	NUM
cjfa-48749	218	19	0.21742	0.21742	NUM
cjfa-48749	218	20	12.072	12.072	NUM
cjfa-48749	218	21	0.000	0.000	NUM
cjfa-48749	218	22	4	4	NUM
cjfa-48749	218	23	0.879	0.879	NUM
cjfa-48749	218	24	0.773	0.773	NUM
cjfa-48749	218	25	0.745	0.745	NUM
cjfa-48749	218	26	0.33615	0.33615	NUM
cjfa-48749	218	27	27.915	27.915	NUM
cjfa-48749	218	28	0.000	0.000	NUM
cjfa-48749	218	29	s	s	NOUN
cjfa-48749	218	30	o	o	NOUN
cjfa-48749	218	31	u	u	NOUN
cjfa-48749	218	32	r	r	NOUN
cjfa-48749	218	33	c	c	NOUN
cjfa-48749	218	34	e	e	NOUN
cjfa-48749	218	35	:	:	PUNCT
cjfa-48749	218	36	data	datum	NOUN
cjfa-48749	218	37	analyzed	analyze	VERB
cjfa-48749	218	38	.	.	PUNCT
cjfa-48749	219	1	the	the	DET
cjfa-48749	219	2	coefficient	coefficient	NOUN
cjfa-48749	219	3	of	of	ADP
cjfa-48749	219	4	determination	determination	NOUN
cjfa-48749	219	5	(	(	PUNCT
cjfa-48749	219	6	r2	r2	PROPN
cjfa-48749	219	7	)	)	PUNCT
cjfa-48749	219	8	test	test	NOUN
cjfa-48749	219	9	aims	aim	VERB
cjfa-48749	219	10	to	to	PART
cjfa-48749	219	11	measure	measure	VERB
cjfa-48749	219	12	how	how	SCONJ
cjfa-48749	219	13	far	far	ADV
cjfa-48749	219	14	the	the	DET
cjfa-48749	219	15	model	model	NOUN
cjfa-48749	219	16	’s	’s	PART
cjfa-48749	219	17	ability	ability	NOUN
cjfa-48749	219	18	to	to	PART
cjfa-48749	219	19	explain	explain	VERB
cjfa-48749	219	20	dependent	dependent	ADJ
cjfa-48749	219	21	variation	variation	NOUN
cjfa-48749	219	22	(	(	PUNCT
cjfa-48749	219	23	ghozali	ghozali	ADJ
cjfa-48749	219	24	,	,	PUNCT
cjfa-48749	219	25	2012	2012	NUM
cjfa-48749	219	26	)	)	PUNCT
cjfa-48749	219	27	.	.	PUNCT
cjfa-48749	220	1	based	base	VERB
cjfa-48749	220	2	on	on	ADP
cjfa-48749	220	3	the	the	DET
cjfa-48749	220	4	equations	equation	NOUN
cjfa-48749	220	5	in	in	ADP
cjfa-48749	220	6	table	table	NOUN
cjfa-48749	220	7	2	2	NUM
cjfa-48749	220	8	,	,	PUNCT
cjfa-48749	220	9	equation	equation	NOUN
cjfa-48749	220	10	4	4	NUM
cjfa-48749	220	11	has	have	VERB
cjfa-48749	220	12	the	the	DET
cjfa-48749	220	13	highest	high	ADJ
cjfa-48749	220	14	adjusted	adjust	VERB
cjfa-48749	220	15	r	r	NOUN
cjfa-48749	220	16	square	square	NOUN
cjfa-48749	220	17	of	of	ADP
cjfa-48749	220	18	74.5	74.5	NUM
cjfa-48749	220	19	%	%	NOUN
cjfa-48749	220	20	,	,	PUNCT
cjfa-48749	220	21	which	which	PRON
cjfa-48749	220	22	means	mean	VERB
cjfa-48749	220	23	em	em	PRON
cjfa-48749	220	24	,	,	PUNCT
cjfa-48749	220	25	aq	aq	PROPN
cjfa-48749	220	26	,	,	PUNCT
cjfa-48749	220	27	der	der	NOUN
cjfa-48749	220	28	,	,	PUNCT
cjfa-48749	220	29	fs	fs	PROPN
cjfa-48749	220	30	,	,	PUNCT
cjfa-48749	220	31	and	and	CCONJ
cjfa-48749	220	32	roa	roa	PROPN
cjfa-48749	220	33	can	can	AUX
cjfa-48749	220	34	explain	explain	VERB
cjfa-48749	220	35	74.5	74.5	NUM
cjfa-48749	220	36	%	%	NOUN
cjfa-48749	220	37	of	of	ADP
cjfa-48749	220	38	mva	mva	NOUN
cjfa-48749	220	39	.	.	PUNCT
cjfa-48749	221	1	it	it	PRON
cjfa-48749	221	2	also	also	ADV
cjfa-48749	221	3	shows	show	VERB
cjfa-48749	221	4	that	that	SCONJ
cjfa-48749	221	5	the	the	DET
cjfa-48749	221	6	equation	equation	NOUN
cjfa-48749	221	7	4	4	NUM
cjfa-48749	221	8	is	be	AUX
cjfa-48749	221	9	the	the	DET
cjfa-48749	221	10	most	most	ADV
cjfa-48749	221	11	able	able	ADJ
cjfa-48749	221	12	to	to	PART
cjfa-48749	221	13	explain	explain	VERB
cjfa-48749	221	14	variances	variance	NOUN
cjfa-48749	221	15	in	in	ADP
cjfa-48749	221	16	firm	firm	ADJ
cjfa-48749	221	17	value	value	NOUN
cjfa-48749	221	18	as	as	SCONJ
cjfa-48749	221	19	measured	measure	VERB
cjfa-48749	221	20	by	by	ADP
cjfa-48749	221	21	mva	mva	NOUN
cjfa-48749	221	22	.	.	PUNCT
cjfa-48749	222	1	all	all	DET
cjfa-48749	222	2	equations	equation	NOUN
cjfa-48749	222	3	also	also	ADV
cjfa-48749	222	4	have	have	VERB
cjfa-48749	222	5	f	f	PROPN
cjfa-48749	222	6	significance	significance	NOUN
cjfa-48749	222	7	value	value	NOUN
cjfa-48749	222	8	of	of	ADP
cjfa-48749	222	9	0.0000	0.0000	NUM
cjfa-48749	222	10	(	(	PUNCT
cjfa-48749	222	11	less	less	ADJ
cjfa-48749	222	12	than	than	ADP
cjfa-48749	222	13	0.05	0.05	NUM
cjfa-48749	222	14	)	)	PUNCT
cjfa-48749	222	15	which	which	PRON
cjfa-48749	222	16	indicates	indicate	VERB
cjfa-48749	222	17	that	that	SCONJ
cjfa-48749	222	18	the	the	DET
cjfa-48749	222	19	independent	independent	ADJ
cjfa-48749	222	20	variables	variable	NOUN
cjfa-48749	222	21	,	,	PUNCT
cjfa-48749	222	22	namely	namely	ADV
cjfa-48749	222	23	em	em	PRON
cjfa-48749	222	24	,	,	PUNCT
cjfa-48749	222	25	aq	aq	PROPN
cjfa-48749	222	26	,	,	PUNCT
cjfa-48749	222	27	der	der	NOUN
cjfa-48749	222	28	,	,	PUNCT
cjfa-48749	222	29	fs	fs	PROPN
cjfa-48749	222	30	,	,	PUNCT
cjfa-48749	222	31	and	and	CCONJ
cjfa-48749	222	32	roa	roa	PROPN
cjfa-48749	222	33	simultaneously	simultaneously	ADV
cjfa-48749	222	34	have	have	VERB
cjfa-48749	222	35	a	a	DET
cjfa-48749	222	36	significant	significant	ADJ
cjfa-48749	222	37	influence	influence	NOUN
cjfa-48749	222	38	on	on	ADP
cjfa-48749	222	39	firm	firm	ADJ
cjfa-48749	222	40	value	value	NOUN
cjfa-48749	222	41	measured	measure	VERB
cjfa-48749	222	42	by	by	ADP
cjfa-48749	222	43	share	share	NOUN
cjfa-48749	222	44	price	price	NOUN
cjfa-48749	222	45	,	,	PUNCT
cjfa-48749	222	46	pbv	pbv	VERB
cjfa-48749	222	47	,	,	PUNCT
cjfa-48749	222	48	tbq	tbq	NOUN
cjfa-48749	222	49	,	,	PUNCT
cjfa-48749	222	50	and	and	CCONJ
cjfa-48749	222	51	mva	mva	NOUN
cjfa-48749	222	52	.	.	PROPN
cjfa-48749	222	53	table	table	NOUN
cjfa-48749	222	54	3	3	NUM
cjfa-48749	222	55	.	.	X
cjfa-48749	222	56	t	t	NOUN
cjfa-48749	222	57	-	-	PUNCT
cjfa-48749	222	58	test	test	NOUN
cjfa-48749	222	59	results	result	VERB
cjfa-48749	222	60	variable	variable	ADJ
cjfa-48749	222	61	equation	equation	NOUN
cjfa-48749	222	62	1	1	NUM
cjfa-48749	222	63	(	(	PUNCT
cjfa-48749	222	64	price	price	NOUN
cjfa-48749	222	65	)	)	PUNCT
cjfa-48749	222	66	equation	equation	NOUN
cjfa-48749	222	67	2	2	NUM
cjfa-48749	222	68	(	(	PUNCT
cjfa-48749	222	69	pbv	pbv	VERB
cjfa-48749	222	70	)	)	PUNCT
cjfa-48749	222	71	equation	equation	NOUN
cjfa-48749	222	72	3	3	NUM
cjfa-48749	222	73	(	(	PUNCT
cjfa-48749	222	74	tbq	tbq	NOUN
cjfa-48749	222	75	)	)	PUNCT
cjfa-48749	222	76	equation	equation	NOUN
cjfa-48749	222	77	4	4	NUM
cjfa-48749	222	78	(	(	PUNCT
cjfa-48749	222	79	mva	mva	NOUN
cjfa-48749	222	80	)	)	PUNCT
cjfa-48749	222	81	aq	aq	VERB
cjfa-48749	222	82	0.064	0.064	NUM
cjfa-48749	222	83	-0.028	-0.028	PUNCT
cjfa-48749	222	84	0.025	0.025	NUM
cjfa-48749	222	85	0.021	0.021	NUM
cjfa-48749	222	86	em	em	PRON
cjfa-48749	222	87	-0.154	-0.154	X
cjfa-48749	222	88	*	*	PUNCT
cjfa-48749	222	89	*	*	PUNCT
cjfa-48749	222	90	-0.304	-0.304	PROPN
cjfa-48749	222	91	*	*	PUNCT
cjfa-48749	222	92	*	*	PUNCT
cjfa-48749	223	1	-0.243	-0.243	PROPN
cjfa-48749	223	2	*	*	PUNCT
cjfa-48749	223	3	*	*	PUNCT
cjfa-48749	223	4	-0.118	-0.118	PROPN
cjfa-48749	223	5	der	der	ADJ
cjfa-48749	223	6	-0.093	-0.093	PROPN
cjfa-48749	223	7	-0.261	-0.261	PROPN
cjfa-48749	223	8	*	*	PUNCT
cjfa-48749	223	9	-0.139	-0.139	PUNCT
cjfa-48749	223	10	-0.053	-0.053	VERB
cjfa-48749	223	11	size	size	NOUN
cjfa-48749	223	12	0.628	0.628	NUM
cjfa-48749	223	13	*	*	PUNCT
cjfa-48749	224	1	*	*	PUNCT
cjfa-48749	224	2	0.325	0.325	NUM
cjfa-48749	224	3	*	*	PUNCT
cjfa-48749	224	4	*	*	PUNCT
cjfa-48749	224	5	0.338	0.338	NUM
cjfa-48749	224	6	*	*	PUNCT
cjfa-48749	224	7	*	*	PUNCT
cjfa-48749	224	8	0.775	0.775	NUM
cjfa-48749	224	9	*	*	PUNCT
cjfa-48749	224	10	*	*	PROPN
cjfa-48749	224	11	roa	roa	PROPN
cjfa-48749	224	12	0.246	0.246	NUM
cjfa-48749	224	13	*	*	PROPN
cjfa-48749	224	14	*	*	PUNCT
cjfa-48749	225	1	0.352	0.352	NUM
cjfa-48749	225	2	*	*	PUNCT
cjfa-48749	225	3	*	*	PUNCT
cjfa-48749	225	4	0.372	0.372	NUM
cjfa-48749	225	5	*	*	NOUN
cjfa-48749	225	6	*	*	PUNCT
cjfa-48749	225	7	0.216	0.216	NUM
cjfa-48749	225	8	*	*	PUNCT
cjfa-48749	225	9	*	*	PUNCT
cjfa-48749	225	10	*	*	PUNCT
cjfa-48749	225	11	significant	significant	ADJ
cjfa-48749	225	12	at	at	ADP
cjfa-48749	225	13	1	1	NUM
cjfa-48749	225	14	%	%	NOUN
cjfa-48749	225	15	level	level	NOUN
cjfa-48749	225	16	*	*	PUNCT
cjfa-48749	225	17	significant	significant	ADJ
cjfa-48749	225	18	at	at	ADP
cjfa-48749	225	19	5	5	NUM
cjfa-48749	225	20	%	%	NOUN
cjfa-48749	225	21	level	level	NOUN
cjfa-48749	225	22	s	s	PART
cjfa-48749	225	23	o	o	NOUN
cjfa-48749	225	24	u	u	NOUN
cjfa-48749	225	25	r	r	NOUN
cjfa-48749	225	26	c	c	NOUN
cjfa-48749	225	27	e	e	NOUN
cjfa-48749	225	28	:	:	PUNCT
cjfa-48749	225	29	data	datum	NOUN
cjfa-48749	225	30	analyzed	analyze	VERB
cjfa-48749	225	31	.	.	PUNCT
cjfa-48749	226	1	the	the	DET
cjfa-48749	226	2	analysis	analysis	NOUN
cjfa-48749	226	3	of	of	ADP
cjfa-48749	226	4	financial	financial	ADJ
cjfa-48749	226	5	reporting	reporting	NOUN
cjfa-48749	226	6	quality	quality	NOUN
cjfa-48749	226	7	and	and	CCONJ
cjfa-48749	226	8	firm	firm	ADJ
cjfa-48749	226	9	value	value	NOUN
cjfa-48749	226	10	3737	3737	NUM
cjfa-48749	226	11	aq	aq	NOUN
cjfa-48749	226	12	has	have	VERB
cjfa-48749	226	13	positive	positive	ADJ
cjfa-48749	226	14	but	but	CCONJ
cjfa-48749	226	15	insignificant	insignificant	ADJ
cjfa-48749	226	16	effect	effect	NOUN
cjfa-48749	226	17	on	on	ADP
cjfa-48749	226	18	price	price	NOUN
cjfa-48749	226	19	,	,	PUNCT
cjfa-48749	226	20	tbq	tbq	NOUN
cjfa-48749	226	21	,	,	PUNCT
cjfa-48749	226	22	and	and	CCONJ
cjfa-48749	226	23	mva	mva	NOUN
cjfa-48749	226	24	,	,	PUNCT
cjfa-48749	226	25	and	and	CCONJ
cjfa-48749	226	26	negative	negative	ADJ
cjfa-48749	226	27	but	but	CCONJ
cjfa-48749	226	28	insignificant	insignificant	ADJ
cjfa-48749	226	29	effect	effect	NOUN
cjfa-48749	226	30	on	on	ADP
cjfa-48749	226	31	pbv	pbv	ADJ
cjfa-48749	226	32	.	.	PUNCT
cjfa-48749	227	1	it	it	PRON
cjfa-48749	227	2	shows	show	VERB
cjfa-48749	227	3	that	that	SCONJ
cjfa-48749	227	4	ha1	ha1	PROPN
cjfa-48749	227	5	,	,	PUNCT
cjfa-48749	227	6	ha3	ha3	ADJ
cjfa-48749	227	7	,	,	PUNCT
cjfa-48749	227	8	ha5	ha5	NOUN
cjfa-48749	227	9	,	,	PUNCT
cjfa-48749	227	10	and	and	CCONJ
cjfa-48749	227	11	ha7	ha7	PROPN
cjfa-48749	227	12	are	be	AUX
cjfa-48749	227	13	rejected	reject	VERB
cjfa-48749	227	14	,	,	PUNCT
cjfa-48749	227	15	so	so	SCONJ
cjfa-48749	227	16	that	that	SCONJ
cjfa-48749	227	17	frq	frq	PROPN
cjfa-48749	227	18	measured	measure	VERB
cjfa-48749	227	19	with	with	ADP
cjfa-48749	227	20	accrual	accrual	ADJ
cjfa-48749	227	21	quality	quality	NOUN
cjfa-48749	227	22	through	through	ADP
cjfa-48749	227	23	ball	ball	NOUN
cjfa-48749	227	24	-	-	PUNCT
cjfa-48749	227	25	shivakumar	shivakumar	PROPN
cjfa-48749	227	26	model	model	NOUN
cjfa-48749	227	27	does	do	AUX
cjfa-48749	227	28	not	not	PART
cjfa-48749	227	29	have	have	VERB
cjfa-48749	227	30	any	any	DET
cjfa-48749	227	31	impact	impact	NOUN
cjfa-48749	227	32	on	on	ADP
cjfa-48749	227	33	the	the	DET
cjfa-48749	227	34	firm	firm	NOUN
cjfa-48749	227	35	’s	’s	PART
cjfa-48749	227	36	value	value	NOUN
cjfa-48749	227	37	,	,	PUNCT
cjfa-48749	227	38	which	which	PRON
cjfa-48749	227	39	is	be	AUX
cjfa-48749	227	40	represented	represent	VERB
cjfa-48749	227	41	by	by	ADP
cjfa-48749	227	42	share	share	NOUN
cjfa-48749	227	43	price	price	NOUN
cjfa-48749	227	44	,	,	PUNCT
cjfa-48749	227	45	pbv	pbv	VERB
cjfa-48749	227	46	,	,	PUNCT
cjfa-48749	227	47	tobin	tobin	PROPN
cjfa-48749	227	48	’s	’s	PART
cjfa-48749	227	49	q	q	NOUN
cjfa-48749	227	50	,	,	PUNCT
cjfa-48749	227	51	and	and	CCONJ
cjfa-48749	227	52	mva	mva	PROPN
cjfa-48749	227	53	.	.	PUNCT
cjfa-48749	228	1	from	from	ADP
cjfa-48749	228	2	220	220	NUM
cjfa-48749	228	3	data	datum	NOUN
cjfa-48749	228	4	in	in	ADP
cjfa-48749	228	5	this	this	DET
cjfa-48749	228	6	study	study	NOUN
cjfa-48749	228	7	,	,	PUNCT
cjfa-48749	228	8	164	164	NUM
cjfa-48749	228	9	has	have	AUX
cjfa-48749	228	10	aq	aq	VERB
cjfa-48749	228	11	lower	low	ADJ
cjfa-48749	228	12	than	than	ADP
cjfa-48749	228	13	average	average	ADJ
cjfa-48749	228	14	,	,	PUNCT
cjfa-48749	228	15	which	which	PRON
cjfa-48749	228	16	suggest	suggest	VERB
cjfa-48749	228	17	high	high	ADJ
cjfa-48749	228	18	frq	frq	PROPN
cjfa-48749	228	19	.	.	PUNCT
cjfa-48749	229	1	however	however	ADV
cjfa-48749	229	2	,	,	PUNCT
cjfa-48749	229	3	out	out	ADP
cjfa-48749	229	4	of	of	ADP
cjfa-48749	229	5	164	164	NUM
cjfa-48749	229	6	,	,	PUNCT
cjfa-48749	229	7	107	107	NUM
cjfa-48749	229	8	reported	report	VERB
cjfa-48749	229	9	poor	poor	ADJ
cjfa-48749	229	10	financial	financial	ADJ
cjfa-48749	229	11	performance	performance	NOUN
cjfa-48749	229	12	,	,	PUNCT
cjfa-48749	229	13	identified	identify	VERB
cjfa-48749	229	14	by	by	ADP
cjfa-48749	229	15	low	low	ADJ
cjfa-48749	229	16	roa	roa	PROPN
cjfa-48749	229	17	with	with	ADP
cjfa-48749	229	18	average	average	NOUN
cjfa-48749	229	19	of	of	ADP
cjfa-48749	229	20	3.86	3.86	NUM
cjfa-48749	229	21	%	%	NOUN
cjfa-48749	229	22	.	.	PUNCT
cjfa-48749	230	1	62	62	NUM
cjfa-48749	230	2	observation	observation	NOUN
cjfa-48749	230	3	from	from	ADP
cjfa-48749	230	4	107	107	NUM
cjfa-48749	230	5	reported	report	VERB
cjfa-48749	230	6	a	a	DET
cjfa-48749	230	7	decrease	decrease	NOUN
cjfa-48749	230	8	of	of	ADP
cjfa-48749	230	9	13	13	NUM
cjfa-48749	230	10	%	%	NOUN
cjfa-48749	230	11	in	in	ADP
cjfa-48749	230	12	revenue	revenue	NOUN
cjfa-48749	230	13	and	and	CCONJ
cjfa-48749	230	14	8	8	NUM
cjfa-48749	230	15	%	%	NOUN
cjfa-48749	230	16	in	in	ADP
cjfa-48749	230	17	net	net	ADJ
cjfa-48749	230	18	income	income	NOUN
cjfa-48749	230	19	.	.	PUNCT
cjfa-48749	231	1	55	55	NUM
cjfa-48749	231	2	out	out	ADP
cjfa-48749	231	3	of	of	ADP
cjfa-48749	231	4	107	107	NUM
cjfa-48749	231	5	observations	observation	NOUN
cjfa-48749	231	6	reporting	reporting	NOUN
cjfa-48749	231	7	decrease	decrease	NOUN
cjfa-48749	231	8	in	in	ADP
cjfa-48749	231	9	operating	operate	VERB
cjfa-48749	231	10	cash	cash	NOUN
cjfa-48749	231	11	flows	flow	NOUN
cjfa-48749	231	12	with	with	ADP
cjfa-48749	231	13	average	average	ADJ
cjfa-48749	231	14	130	130	NUM
cjfa-48749	231	15	%	%	NOUN
cjfa-48749	231	16	.	.	PUNCT
cjfa-48749	232	1	high	high	ADJ
cjfa-48749	232	2	frq	frq	PROPN
cjfa-48749	232	3	is	be	AUX
cjfa-48749	232	4	observed	observe	VERB
cjfa-48749	232	5	in	in	ADP
cjfa-48749	232	6	aq	aq	NOUN
cjfa-48749	232	7	score	score	NOUN
cjfa-48749	232	8	,	,	PUNCT
cjfa-48749	232	9	which	which	PRON
cjfa-48749	232	10	means	mean	VERB
cjfa-48749	232	11	companies	company	NOUN
cjfa-48749	232	12	are	be	AUX
cjfa-48749	232	13	reporting	report	VERB
cjfa-48749	232	14	reduction	reduction	NOUN
cjfa-48749	232	15	in	in	ADP
cjfa-48749	232	16	revenue	revenue	NOUN
cjfa-48749	232	17	and	and	CCONJ
cjfa-48749	232	18	net	net	ADJ
cjfa-48749	232	19	income	income	NOUN
cjfa-48749	232	20	timely	timely	ADV
cjfa-48749	232	21	.	.	PUNCT
cjfa-48749	233	1	even	even	ADV
cjfa-48749	233	2	though	though	ADV
cjfa-48749	233	3	,	,	PUNCT
cjfa-48749	233	4	the	the	DET
cjfa-48749	233	5	quality	quality	NOUN
cjfa-48749	233	6	of	of	ADP
cjfa-48749	233	7	financial	financial	ADJ
cjfa-48749	233	8	reporting	reporting	NOUN
cjfa-48749	233	9	is	be	AUX
cjfa-48749	233	10	high	high	ADJ
cjfa-48749	233	11	,	,	PUNCT
cjfa-48749	233	12	investors	investor	NOUN
cjfa-48749	233	13	immediately	immediately	ADV
cjfa-48749	233	14	reacted	react	VERB
cjfa-48749	233	15	to	to	ADP
cjfa-48749	233	16	the	the	DET
cjfa-48749	233	17	negative	negative	ADJ
cjfa-48749	233	18	signal	signal	NOUN
cjfa-48749	233	19	of	of	ADP
cjfa-48749	233	20	lower	low	ADJ
cjfa-48749	233	21	revenue	revenue	NOUN
cjfa-48749	233	22	,	,	PUNCT
cjfa-48749	233	23	net	net	ADJ
cjfa-48749	233	24	income	income	NOUN
cjfa-48749	233	25	,	,	PUNCT
cjfa-48749	233	26	and	and	CCONJ
cjfa-48749	233	27	operating	operate	VERB
cjfa-48749	233	28	cash	cash	NOUN
cjfa-48749	233	29	flows	flow	NOUN
cjfa-48749	233	30	.	.	PUNCT
cjfa-48749	234	1	this	this	DET
cjfa-48749	234	2	poor	poor	ADJ
cjfa-48749	234	3	financial	financial	ADJ
cjfa-48749	234	4	performance	performance	NOUN
cjfa-48749	234	5	caused	cause	VERB
cjfa-48749	234	6	investors	investor	NOUN
cjfa-48749	234	7	to	to	PART
cjfa-48749	234	8	sell	sell	VERB
cjfa-48749	234	9	their	their	PRON
cjfa-48749	234	10	investment	investment	NOUN
cjfa-48749	234	11	,	,	PUNCT
cjfa-48749	234	12	indicated	indicate	VERB
cjfa-48749	234	13	by	by	ADP
cjfa-48749	234	14	decreasing	decrease	VERB
cjfa-48749	234	15	in	in	ADP
cjfa-48749	234	16	share	share	NOUN
cjfa-48749	234	17	price	price	NOUN
cjfa-48749	234	18	of	of	ADP
cjfa-48749	234	19	4	4	NUM
cjfa-48749	234	20	%	%	NOUN
cjfa-48749	234	21	.	.	PUNCT
cjfa-48749	235	1	in	in	ADP
cjfa-48749	235	2	turn	turn	NOUN
cjfa-48749	235	3	,	,	PUNCT
cjfa-48749	235	4	pbv	pbv	VERB
cjfa-48749	235	5	also	also	ADV
cjfa-48749	235	6	decline	decline	VERB
cjfa-48749	235	7	by	by	ADP
cjfa-48749	235	8	2.5	2.5	NUM
cjfa-48749	235	9	%	%	NOUN
cjfa-48749	235	10	with	with	ADP
cjfa-48749	235	11	average	average	ADJ
cjfa-48749	235	12	pbv	pbv	VERB
cjfa-48749	235	13	only	only	ADV
cjfa-48749	235	14	1.11	1.11	NUM
cjfa-48749	235	15	,	,	PUNCT
cjfa-48749	235	16	and	and	CCONJ
cjfa-48749	235	17	tobin	tobin	PROPN
cjfa-48749	235	18	’s	’s	PART
cjfa-48749	235	19	q	q	NOUN
cjfa-48749	235	20	average	average	ADJ
cjfa-48749	235	21	only	only	ADV
cjfa-48749	235	22	1.06	1.06	NUM
cjfa-48749	235	23	,	,	PUNCT
cjfa-48749	235	24	which	which	PRON
cjfa-48749	235	25	shows	show	VERB
cjfa-48749	235	26	that	that	SCONJ
cjfa-48749	235	27	companies	company	NOUN
cjfa-48749	235	28	barely	barely	ADV
cjfa-48749	235	29	able	able	ADJ
cjfa-48749	235	30	to	to	PART
cjfa-48749	235	31	use	use	VERB
cjfa-48749	235	32	assets	asset	NOUN
cjfa-48749	235	33	to	to	PART
cjfa-48749	235	34	raise	raise	VERB
cjfa-48749	235	35	funding	funding	NOUN
cjfa-48749	235	36	from	from	ADP
cjfa-48749	235	37	creditors	creditor	NOUN
cjfa-48749	235	38	and	and	CCONJ
cjfa-48749	235	39	investors	investor	NOUN
cjfa-48749	235	40	.	.	PUNCT
cjfa-48749	236	1	this	this	DET
cjfa-48749	236	2	result	result	NOUN
cjfa-48749	236	3	is	be	AUX
cjfa-48749	236	4	in	in	ADP
cjfa-48749	236	5	line	line	NOUN
cjfa-48749	236	6	with	with	ADP
cjfa-48749	236	7	(	(	PUNCT
cjfa-48749	236	8	fambudi	fambudi	PROPN
cjfa-48749	236	9	&	&	CCONJ
cjfa-48749	236	10	fitriani	fitriani	NOUN
cjfa-48749	236	11	,	,	PUNCT
cjfa-48749	236	12	2020	2020	NUM
cjfa-48749	236	13	)	)	PUNCT
cjfa-48749	236	14	,	,	PUNCT
cjfa-48749	236	15	but	but	CCONJ
cjfa-48749	236	16	differ	differ	VERB
cjfa-48749	236	17	from	from	ADP
cjfa-48749	236	18	the	the	DET
cjfa-48749	236	19	result	result	NOUN
cjfa-48749	236	20	of	of	ADP
cjfa-48749	236	21	(	(	PUNCT
cjfa-48749	236	22	latif	latif	PROPN
cjfa-48749	236	23	et	et	PROPN
cjfa-48749	236	24	al	al	PROPN
cjfa-48749	236	25	.	.	PROPN
cjfa-48749	236	26	,	,	PUNCT
cjfa-48749	236	27	2017	2017	NUM
cjfa-48749	236	28	)	)	PUNCT
cjfa-48749	236	29	that	that	PRON
cjfa-48749	236	30	stated	state	VERB
cjfa-48749	236	31	accrual	accrual	ADJ
cjfa-48749	236	32	quality	quality	NOUN
cjfa-48749	236	33	improves	improve	VERB
cjfa-48749	236	34	firm	firm	ADJ
cjfa-48749	236	35	value	value	NOUN
cjfa-48749	236	36	on	on	ADP
cjfa-48749	236	37	pakistan	pakistan	PROPN
cjfa-48749	236	38	companies	company	NOUN
cjfa-48749	236	39	.	.	PUNCT
cjfa-48749	237	1	the	the	DET
cjfa-48749	237	2	results	result	NOUN
cjfa-48749	237	3	in	in	ADP
cjfa-48749	237	4	table	table	NOUN
cjfa-48749	237	5	3	3	NUM
cjfa-48749	237	6	shows	show	VERB
cjfa-48749	237	7	that	that	PRON
cjfa-48749	237	8	aq	aq	VERB
cjfa-48749	237	9	consistently	consistently	ADV
cjfa-48749	237	10	has	have	VERB
cjfa-48749	237	11	no	no	DET
cjfa-48749	237	12	effect	effect	NOUN
cjfa-48749	237	13	on	on	ADP
cjfa-48749	237	14	multiple	multiple	ADJ
cjfa-48749	237	15	proxies	proxy	NOUN
cjfa-48749	237	16	of	of	ADP
cjfa-48749	237	17	firm	firm	ADJ
cjfa-48749	237	18	value	value	NOUN
cjfa-48749	237	19	.	.	PUNCT
cjfa-48749	238	1	this	this	DET
cjfa-48749	238	2	result	result	NOUN
cjfa-48749	238	3	is	be	AUX
cjfa-48749	238	4	in	in	ADP
cjfa-48749	238	5	accordance	accordance	NOUN
cjfa-48749	238	6	with	with	ADP
cjfa-48749	238	7	(	(	PUNCT
cjfa-48749	238	8	ball	ball	NOUN
cjfa-48749	238	9	et	et	NOUN
cjfa-48749	238	10	al	al	PROPN
cjfa-48749	238	11	.	.	PROPN
cjfa-48749	238	12	,	,	PUNCT
cjfa-48749	238	13	2003	2003	NUM
cjfa-48749	238	14	)	)	PUNCT
cjfa-48749	238	15	who	who	PRON
cjfa-48749	238	16	suggested	suggest	VERB
cjfa-48749	238	17	that	that	SCONJ
cjfa-48749	238	18	financial	financial	ADJ
cjfa-48749	238	19	reporting	reporting	NOUN
cjfa-48749	238	20	in	in	ADP
cjfa-48749	238	21	hong	hong	PROPN
cjfa-48749	238	22	kong	kong	PROPN
cjfa-48749	238	23	,	,	PUNCT
cjfa-48749	238	24	malaysia	malaysia	PROPN
cjfa-48749	238	25	,	,	PUNCT
cjfa-48749	238	26	singapore	singapore	PROPN
cjfa-48749	238	27	,	,	PUNCT
cjfa-48749	238	28	and	and	CCONJ
cjfa-48749	238	29	thailand	thailand	PROPN
cjfa-48749	238	30	does	do	AUX
cjfa-48749	238	31	not	not	PART
cjfa-48749	238	32	include	include	VERB
cjfa-48749	238	33	the	the	DET
cjfa-48749	238	34	identification	identification	NOUN
cjfa-48749	238	35	of	of	ADP
cjfa-48749	238	36	economic	economic	ADJ
cjfa-48749	238	37	income	income	NOUN
cjfa-48749	238	38	,	,	PUNCT
cjfa-48749	238	39	especially	especially	ADV
cjfa-48749	238	40	economic	economic	ADJ
cjfa-48749	238	41	losses	loss	NOUN
cjfa-48749	238	42	,	,	PUNCT
cjfa-48749	238	43	in	in	ADP
cjfa-48749	238	44	a	a	DET
cjfa-48749	238	45	timely	timely	ADJ
cjfa-48749	238	46	manner	manner	NOUN
cjfa-48749	238	47	.	.	PUNCT
cjfa-48749	239	1	based	base	VERB
cjfa-48749	239	2	on	on	ADP
cjfa-48749	239	3	table	table	NOUN
cjfa-48749	239	4	4	4	NUM
cjfa-48749	239	5	,	,	PUNCT
cjfa-48749	239	6	em	em	PRON
cjfa-48749	239	7	shows	show	VERB
cjfa-48749	239	8	negative	negative	ADJ
cjfa-48749	239	9	significant	significant	ADJ
cjfa-48749	239	10	effect	effect	NOUN
cjfa-48749	239	11	on	on	ADP
cjfa-48749	239	12	share	share	NOUN
cjfa-48749	239	13	price	price	NOUN
cjfa-48749	239	14	,	,	PUNCT
cjfa-48749	239	15	pbv	pbv	VERB
cjfa-48749	239	16	,	,	PUNCT
cjfa-48749	239	17	and	and	CCONJ
cjfa-48749	239	18	tobin	tobin	PROPN
cjfa-48749	239	19	’s	’s	PART
cjfa-48749	239	20	q.	q.	PROPN
cjfa-48749	239	21	low	low	PROPN
cjfa-48749	239	22	em	em	PROPN
cjfa-48749	239	23	values	value	NOUN
cjfa-48749	239	24	associated	associate	VERB
cjfa-48749	239	25	with	with	ADP
cjfa-48749	239	26	high	high	ADJ
cjfa-48749	239	27	financial	financial	ADJ
cjfa-48749	239	28	reporting	reporting	NOUN
cjfa-48749	239	29	quality	quality	NOUN
cjfa-48749	239	30	(	(	PUNCT
cjfa-48749	239	31	frq	frq	PROPN
cjfa-48749	239	32	)	)	PUNCT
cjfa-48749	239	33	,	,	PUNCT
cjfa-48749	239	34	therefore	therefore	ADV
cjfa-48749	239	35	frq	frq	PROPN
cjfa-48749	239	36	has	have	VERB
cjfa-48749	239	37	positive	positive	ADJ
cjfa-48749	239	38	and	and	CCONJ
cjfa-48749	239	39	significant	significant	ADJ
cjfa-48749	239	40	effect	effect	NOUN
cjfa-48749	239	41	on	on	ADP
cjfa-48749	239	42	firm	firm	ADJ
cjfa-48749	239	43	value	value	NOUN
cjfa-48749	239	44	,	,	PUNCT
cjfa-48749	239	45	so	so	ADV
cjfa-48749	239	46	ha2	ha2	PROPN
cjfa-48749	239	47	,	,	PUNCT
cjfa-48749	239	48	ha4	ha4	NOUN
cjfa-48749	239	49	,	,	PUNCT
cjfa-48749	239	50	and	and	CCONJ
cjfa-48749	239	51	ha6	ha6	PROPN
cjfa-48749	239	52	are	be	AUX
cjfa-48749	239	53	accepted	accept	VERB
cjfa-48749	239	54	.	.	PUNCT
cjfa-48749	240	1	this	this	DET
cjfa-48749	240	2	result	result	NOUN
cjfa-48749	240	3	is	be	AUX
cjfa-48749	240	4	in	in	ADP
cjfa-48749	240	5	line	line	NOUN
cjfa-48749	240	6	with	with	ADP
cjfa-48749	240	7	(	(	PUNCT
cjfa-48749	240	8	leung	leung	PROPN
cjfa-48749	240	9	,	,	PUNCT
cjfa-48749	240	10	2016	2016	NUM
cjfa-48749	240	11	)	)	PUNCT
cjfa-48749	240	12	,	,	PUNCT
cjfa-48749	240	13	whose	whose	DET
cjfa-48749	240	14	research	research	NOUN
cjfa-48749	240	15	on	on	ADP
cjfa-48749	240	16	canadian	canadian	ADJ
cjfa-48749	240	17	firms	firm	NOUN
cjfa-48749	240	18	found	find	VERB
cjfa-48749	240	19	that	that	SCONJ
cjfa-48749	240	20	accounting	accounting	NOUN
cjfa-48749	240	21	quality	quality	NOUN
cjfa-48749	240	22	and	and	CCONJ
cjfa-48749	240	23	firm	firm	ADJ
cjfa-48749	240	24	value	value	NOUN
cjfa-48749	240	25	has	have	AUX
cjfa-48749	240	26	increased	increase	VERB
cjfa-48749	240	27	after	after	ADP
cjfa-48749	240	28	ifrs	ifrs	NOUN
cjfa-48749	240	29	adoption	adoption	NOUN
cjfa-48749	240	30	,	,	PUNCT
cjfa-48749	240	31	and	and	CCONJ
cjfa-48749	240	32	(	(	PUNCT
cjfa-48749	240	33	fernandes	fernandes	PROPN
cjfa-48749	240	34	&	&	CCONJ
cjfa-48749	240	35	ferreira	ferreira	PROPN
cjfa-48749	240	36	,	,	PUNCT
cjfa-48749	240	37	2011	2011	NUM
cjfa-48749	240	38	)	)	PUNCT
cjfa-48749	240	39	who	who	PRON
cjfa-48749	240	40	found	find	VERB
cjfa-48749	240	41	negative	negative	ADJ
cjfa-48749	240	42	relation	relation	NOUN
cjfa-48749	240	43	between	between	ADP
cjfa-48749	240	44	earnings	earning	NOUN
cjfa-48749	240	45	management	management	NOUN
cjfa-48749	240	46	and	and	CCONJ
cjfa-48749	240	47	firm	firm	ADJ
cjfa-48749	240	48	valuation	valuation	NOUN
cjfa-48749	240	49	based	base	VERB
cjfa-48749	240	50	on	on	ADP
cjfa-48749	240	51	data	datum	NOUN
cjfa-48749	240	52	from	from	ADP
cjfa-48749	240	53	43	43	NUM
cjfa-48749	240	54	countries	country	NOUN
cjfa-48749	240	55	.	.	PUNCT
cjfa-48749	241	1	der	der	NOUN
cjfa-48749	241	2	consistently	consistently	ADV
cjfa-48749	241	3	show	show	VERB
cjfa-48749	241	4	negative	negative	ADJ
cjfa-48749	241	5	effect	effect	NOUN
cjfa-48749	241	6	on	on	ADP
cjfa-48749	241	7	firm	firm	ADJ
cjfa-48749	241	8	value	value	NOUN
cjfa-48749	241	9	on	on	ADP
cjfa-48749	241	10	all	all	DET
cjfa-48749	241	11	equation	equation	NOUN
cjfa-48749	241	12	,	,	PUNCT
cjfa-48749	241	13	with	with	ADP
cjfa-48749	241	14	significant	significant	ADJ
cjfa-48749	241	15	negative	negative	ADJ
cjfa-48749	241	16	effect	effect	NOUN
cjfa-48749	241	17	only	only	ADV
cjfa-48749	241	18	on	on	ADP
cjfa-48749	241	19	pbv	pbv	ADJ
cjfa-48749	241	20	.	.	PUNCT
cjfa-48749	242	1	on	on	ADP
cjfa-48749	242	2	the	the	DET
cjfa-48749	242	3	other	other	ADJ
cjfa-48749	242	4	hand	hand	NOUN
cjfa-48749	242	5	,	,	PUNCT
cjfa-48749	242	6	both	both	DET
cjfa-48749	242	7	size	size	NOUN
cjfa-48749	242	8	and	and	CCONJ
cjfa-48749	242	9	roa	roa	PROPN
cjfa-48749	242	10	consistently	consistently	ADV
cjfa-48749	242	11	have	have	VERB
cjfa-48749	242	12	positive	positive	ADJ
cjfa-48749	242	13	and	and	CCONJ
cjfa-48749	242	14	significant	significant	ADJ
cjfa-48749	242	15	effect	effect	NOUN
cjfa-48749	242	16	on	on	ADP
cjfa-48749	242	17	all	all	DET
cjfa-48749	242	18	proxies	proxy	NOUN
cjfa-48749	242	19	of	of	ADP
cjfa-48749	242	20	firm	firm	ADJ
cjfa-48749	242	21	value	value	NOUN
cjfa-48749	242	22	,	,	PUNCT
cjfa-48749	242	23	which	which	PRON
cjfa-48749	242	24	shows	show	VERB
cjfa-48749	242	25	that	that	SCONJ
cjfa-48749	242	26	higher	high	ADJ
cjfa-48749	242	27	firm	firm	ADJ
cjfa-48749	242	28	value	value	NOUN
cjfa-48749	242	29	is	be	AUX
cjfa-48749	242	30	caused	cause	VERB
cjfa-48749	242	31	by	by	ADP
cjfa-48749	242	32	company	company	NOUN
cjfa-48749	242	33	’s	’s	PART
cjfa-48749	242	34	assets	asset	NOUN
cjfa-48749	242	35	and	and	CCONJ
cjfa-48749	242	36	net	net	ADJ
cjfa-48749	242	37	income	income	NOUN
cjfa-48749	242	38	.	.	PUNCT
cjfa-48749	243	1	karina	karina	PROPN
cjfa-48749	243	2	harjanto3838	harjanto3838	VERB
cjfa-48749	243	3	the	the	DET
cjfa-48749	243	4	regression	regression	NOUN
cjfa-48749	243	5	equation	equation	NOUN
cjfa-48749	243	6	was	be	AUX
cjfa-48749	243	7	derived	derive	VERB
cjfa-48749	243	8	based	base	VERB
cjfa-48749	243	9	on	on	ADP
cjfa-48749	243	10	the	the	DET
cjfa-48749	243	11	results	result	NOUN
cjfa-48749	243	12	of	of	ADP
cjfa-48749	243	13	the	the	DET
cjfa-48749	243	14	t	t	NOUN
cjfa-48749	243	15	-	-	PUNCT
cjfa-48749	243	16	statistical	statistical	ADJ
cjfa-48749	243	17	test	test	NOUN
cjfa-48749	243	18	presented	present	VERB
cjfa-48749	243	19	in	in	ADP
cjfa-48749	243	20	table	table	NOUN
cjfa-48749	243	21	3	3	NUM
cjfa-48749	243	22	:	:	SYM
cjfa-48749	243	23	107	107	NUM
cjfa-48749	243	24	observations	observation	NOUN
cjfa-48749	243	25	reporting	reporting	NOUN
cjfa-48749	243	26	decrease	decrease	NOUN
cjfa-48749	243	27	in	in	ADP
cjfa-48749	243	28	operating	operate	VERB
cjfa-48749	243	29	cash	cash	NOUN
cjfa-48749	243	30	flows	flow	NOUN
cjfa-48749	243	31	with	with	ADP
cjfa-48749	243	32	average	average	ADJ
cjfa-48749	243	33	130	130	NUM
cjfa-48749	243	34	%	%	NOUN
cjfa-48749	243	35	.	.	PUNCT
cjfa-48749	244	1	high	high	ADJ
cjfa-48749	244	2	frq	frq	PROPN
cjfa-48749	244	3	is	be	AUX
cjfa-48749	244	4	observed	observe	VERB
cjfa-48749	244	5	in	in	ADP
cjfa-48749	244	6	aq	aq	NOUN
cjfa-48749	244	7	score	score	NOUN
cjfa-48749	244	8	,	,	PUNCT
cjfa-48749	244	9	which	which	PRON
cjfa-48749	244	10	means	mean	VERB
cjfa-48749	244	11	companies	company	NOUN
cjfa-48749	244	12	are	be	AUX
cjfa-48749	244	13	reporting	report	VERB
cjfa-48749	244	14	reduction	reduction	NOUN
cjfa-48749	244	15	in	in	ADP
cjfa-48749	244	16	revenue	revenue	NOUN
cjfa-48749	244	17	and	and	CCONJ
cjfa-48749	244	18	net	net	ADJ
cjfa-48749	244	19	income	income	NOUN
cjfa-48749	244	20	timely	timely	ADV
cjfa-48749	244	21	.	.	PUNCT
cjfa-48749	245	1	even	even	ADV
cjfa-48749	245	2	though	though	ADV
cjfa-48749	245	3	,	,	PUNCT
cjfa-48749	245	4	the	the	DET
cjfa-48749	245	5	quality	quality	NOUN
cjfa-48749	245	6	of	of	ADP
cjfa-48749	245	7	financial	financial	ADJ
cjfa-48749	245	8	reporting	reporting	NOUN
cjfa-48749	245	9	is	be	AUX
cjfa-48749	245	10	high	high	ADJ
cjfa-48749	245	11	,	,	PUNCT
cjfa-48749	245	12	investors	investor	NOUN
cjfa-48749	245	13	immediately	immediately	ADV
cjfa-48749	245	14	reacted	react	VERB
cjfa-48749	245	15	to	to	ADP
cjfa-48749	245	16	the	the	DET
cjfa-48749	245	17	negative	negative	ADJ
cjfa-48749	245	18	signal	signal	NOUN
cjfa-48749	245	19	of	of	ADP
cjfa-48749	245	20	lower	low	ADJ
cjfa-48749	245	21	revenue	revenue	NOUN
cjfa-48749	245	22	,	,	PUNCT
cjfa-48749	245	23	net	net	ADJ
cjfa-48749	245	24	income	income	NOUN
cjfa-48749	245	25	,	,	PUNCT
cjfa-48749	245	26	and	and	CCONJ
cjfa-48749	245	27	operating	operate	VERB
cjfa-48749	245	28	cash	cash	NOUN
cjfa-48749	245	29	flows	flow	NOUN
cjfa-48749	245	30	.	.	PUNCT
cjfa-48749	246	1	this	this	DET
cjfa-48749	246	2	poor	poor	ADJ
cjfa-48749	246	3	financial	financial	ADJ
cjfa-48749	246	4	performance	performance	NOUN
cjfa-48749	246	5	caused	cause	VERB
cjfa-48749	246	6	investors	investor	NOUN
cjfa-48749	246	7	to	to	PART
cjfa-48749	246	8	sell	sell	VERB
cjfa-48749	246	9	their	their	PRON
cjfa-48749	246	10	investment	investment	NOUN
cjfa-48749	246	11	,	,	PUNCT
cjfa-48749	246	12	indicated	indicate	VERB
cjfa-48749	246	13	by	by	ADP
cjfa-48749	246	14	decreasing	decrease	VERB
cjfa-48749	246	15	in	in	ADP
cjfa-48749	246	16	share	share	NOUN
cjfa-48749	246	17	price	price	NOUN
cjfa-48749	246	18	of	of	ADP
cjfa-48749	246	19	4	4	NUM
cjfa-48749	246	20	%	%	NOUN
cjfa-48749	246	21	.	.	PUNCT
cjfa-48749	247	1	in	in	ADP
cjfa-48749	247	2	turn	turn	NOUN
cjfa-48749	247	3	,	,	PUNCT
cjfa-48749	247	4	pbv	pbv	VERB
cjfa-48749	247	5	also	also	ADV
cjfa-48749	247	6	decline	decline	VERB
cjfa-48749	247	7	by	by	ADP
cjfa-48749	247	8	2.5	2.5	NUM
cjfa-48749	247	9	%	%	NOUN
cjfa-48749	247	10	with	with	ADP
cjfa-48749	247	11	average	average	ADJ
cjfa-48749	247	12	pbv	pbv	VERB
cjfa-48749	247	13	only	only	ADV
cjfa-48749	247	14	1.11	1.11	NUM
cjfa-48749	247	15	,	,	PUNCT
cjfa-48749	247	16	and	and	CCONJ
cjfa-48749	247	17	tobin	tobin	PROPN
cjfa-48749	247	18	’s	’s	PART
cjfa-48749	247	19	q	q	NOUN
cjfa-48749	247	20	average	average	ADJ
cjfa-48749	247	21	only	only	ADV
cjfa-48749	247	22	1.06	1.06	NUM
cjfa-48749	247	23	,	,	PUNCT
cjfa-48749	247	24	which	which	PRON
cjfa-48749	247	25	shows	show	VERB
cjfa-48749	247	26	that	that	SCONJ
cjfa-48749	247	27	companies	company	NOUN
cjfa-48749	247	28	barely	barely	ADV
cjfa-48749	247	29	able	able	ADJ
cjfa-48749	247	30	to	to	PART
cjfa-48749	247	31	use	use	VERB
cjfa-48749	247	32	assets	asset	NOUN
cjfa-48749	247	33	to	to	PART
cjfa-48749	247	34	raise	raise	VERB
cjfa-48749	247	35	funding	funding	NOUN
cjfa-48749	247	36	from	from	ADP
cjfa-48749	247	37	creditors	creditor	NOUN
cjfa-48749	247	38	and	and	CCONJ
cjfa-48749	247	39	investors	investor	NOUN
cjfa-48749	247	40	.	.	PUNCT
cjfa-48749	248	1	this	this	DET
cjfa-48749	248	2	result	result	NOUN
cjfa-48749	248	3	is	be	AUX
cjfa-48749	248	4	in	in	ADP
cjfa-48749	248	5	line	line	NOUN
cjfa-48749	248	6	with	with	ADP
cjfa-48749	248	7	(	(	PUNCT
cjfa-48749	248	8	fambudi	fambudi	PROPN
cjfa-48749	248	9	&	&	CCONJ
cjfa-48749	248	10	fitriani	fitriani	NOUN
cjfa-48749	248	11	,	,	PUNCT
cjfa-48749	248	12	2020	2020	NUM
cjfa-48749	248	13	)	)	PUNCT
cjfa-48749	248	14	,	,	PUNCT
cjfa-48749	248	15	but	but	CCONJ
cjfa-48749	248	16	differ	differ	VERB
cjfa-48749	248	17	from	from	ADP
cjfa-48749	248	18	the	the	DET
cjfa-48749	248	19	result	result	NOUN
cjfa-48749	248	20	of	of	ADP
cjfa-48749	248	21	(	(	PUNCT
cjfa-48749	248	22	latif	latif	PROPN
cjfa-48749	248	23	et	et	PROPN
cjfa-48749	248	24	al	al	PROPN
cjfa-48749	248	25	.	.	PROPN
cjfa-48749	248	26	,	,	PUNCT
cjfa-48749	248	27	2017	2017	NUM
cjfa-48749	248	28	)	)	PUNCT
cjfa-48749	248	29	that	that	PRON
cjfa-48749	248	30	stated	state	VERB
cjfa-48749	248	31	accrual	accrual	ADJ
cjfa-48749	248	32	quality	quality	NOUN
cjfa-48749	248	33	improves	improve	VERB
cjfa-48749	248	34	firm	firm	ADJ
cjfa-48749	248	35	value	value	NOUN
cjfa-48749	248	36	on	on	ADP
cjfa-48749	248	37	pakistan	pakistan	PROPN
cjfa-48749	248	38	companies	company	NOUN
cjfa-48749	248	39	.	.	PUNCT
cjfa-48749	249	1	the	the	DET
cjfa-48749	249	2	results	result	NOUN
cjfa-48749	249	3	in	in	ADP
cjfa-48749	249	4	table	table	NOUN
cjfa-48749	249	5	3	3	NUM
cjfa-48749	249	6	shows	show	VERB
cjfa-48749	249	7	that	that	PRON
cjfa-48749	249	8	aq	aq	VERB
cjfa-48749	249	9	consistently	consistently	ADV
cjfa-48749	249	10	has	have	VERB
cjfa-48749	249	11	no	no	DET
cjfa-48749	249	12	effect	effect	NOUN
cjfa-48749	249	13	on	on	ADP
cjfa-48749	249	14	multiple	multiple	ADJ
cjfa-48749	249	15	proxies	proxy	NOUN
cjfa-48749	249	16	of	of	ADP
cjfa-48749	249	17	firm	firm	ADJ
cjfa-48749	249	18	value	value	NOUN
cjfa-48749	249	19	.	.	PUNCT
cjfa-48749	250	1	this	this	DET
cjfa-48749	250	2	result	result	NOUN
cjfa-48749	250	3	is	be	AUX
cjfa-48749	250	4	in	in	ADP
cjfa-48749	250	5	accordance	accordance	NOUN
cjfa-48749	250	6	with	with	ADP
cjfa-48749	250	7	(	(	PUNCT
cjfa-48749	250	8	ball	ball	NOUN
cjfa-48749	250	9	et	et	NOUN
cjfa-48749	250	10	al	al	PROPN
cjfa-48749	250	11	.	.	PROPN
cjfa-48749	250	12	,	,	PUNCT
cjfa-48749	250	13	2003	2003	NUM
cjfa-48749	250	14	)	)	PUNCT
cjfa-48749	250	15	who	who	PRON
cjfa-48749	250	16	suggested	suggest	VERB
cjfa-48749	250	17	that	that	SCONJ
cjfa-48749	250	18	financial	financial	ADJ
cjfa-48749	250	19	reporting	reporting	NOUN
cjfa-48749	250	20	in	in	ADP
cjfa-48749	250	21	hong	hong	PROPN
cjfa-48749	250	22	kong	kong	PROPN
cjfa-48749	250	23	,	,	PUNCT
cjfa-48749	250	24	malaysia	malaysia	PROPN
cjfa-48749	250	25	,	,	PUNCT
cjfa-48749	250	26	singapore	singapore	PROPN
cjfa-48749	250	27	,	,	PUNCT
cjfa-48749	250	28	and	and	CCONJ
cjfa-48749	250	29	thailand	thailand	PROPN
cjfa-48749	250	30	does	do	AUX
cjfa-48749	250	31	not	not	PART
cjfa-48749	250	32	include	include	VERB
cjfa-48749	250	33	the	the	DET
cjfa-48749	250	34	identification	identification	NOUN
cjfa-48749	250	35	of	of	ADP
cjfa-48749	250	36	economic	economic	ADJ
cjfa-48749	250	37	income	income	NOUN
cjfa-48749	250	38	,	,	PUNCT
cjfa-48749	250	39	especially	especially	ADV
cjfa-48749	250	40	economic	economic	ADJ
cjfa-48749	250	41	losses	loss	NOUN
cjfa-48749	250	42	,	,	PUNCT
cjfa-48749	250	43	in	in	ADP
cjfa-48749	250	44	a	a	DET
cjfa-48749	250	45	timely	timely	ADJ
cjfa-48749	250	46	manner	manner	NOUN
cjfa-48749	250	47	.	.	PUNCT
cjfa-48749	251	1	based	base	VERB
cjfa-48749	251	2	on	on	ADP
cjfa-48749	251	3	table	table	NOUN
cjfa-48749	251	4	4	4	NUM
cjfa-48749	251	5	,	,	PUNCT
cjfa-48749	251	6	em	em	PRON
cjfa-48749	251	7	shows	show	VERB
cjfa-48749	251	8	negative	negative	ADJ
cjfa-48749	251	9	significant	significant	ADJ
cjfa-48749	251	10	effect	effect	NOUN
cjfa-48749	251	11	on	on	ADP
cjfa-48749	251	12	share	share	NOUN
cjfa-48749	251	13	price	price	NOUN
cjfa-48749	251	14	,	,	PUNCT
cjfa-48749	251	15	pbv	pbv	VERB
cjfa-48749	251	16	,	,	PUNCT
cjfa-48749	251	17	and	and	CCONJ
cjfa-48749	251	18	tobin	tobin	PROPN
cjfa-48749	251	19	’s	’s	PART
cjfa-48749	251	20	q.	q.	PROPN
cjfa-48749	251	21	low	low	PROPN
cjfa-48749	251	22	em	em	PROPN
cjfa-48749	251	23	values	value	NOUN
cjfa-48749	251	24	associated	associate	VERB
cjfa-48749	251	25	with	with	ADP
cjfa-48749	251	26	high	high	ADJ
cjfa-48749	251	27	financial	financial	ADJ
cjfa-48749	251	28	reporting	reporting	NOUN
cjfa-48749	251	29	quality	quality	NOUN
cjfa-48749	251	30	(	(	PUNCT
cjfa-48749	251	31	frq	frq	PROPN
cjfa-48749	251	32	)	)	PUNCT
cjfa-48749	251	33	,	,	PUNCT
cjfa-48749	251	34	therefore	therefore	ADV
cjfa-48749	251	35	frq	frq	PROPN
cjfa-48749	251	36	has	have	VERB
cjfa-48749	251	37	positive	positive	ADJ
cjfa-48749	251	38	and	and	CCONJ
cjfa-48749	251	39	significant	significant	ADJ
cjfa-48749	251	40	effect	effect	NOUN
cjfa-48749	251	41	on	on	ADP
cjfa-48749	251	42	firm	firm	ADJ
cjfa-48749	251	43	value	value	NOUN
cjfa-48749	251	44	,	,	PUNCT
cjfa-48749	251	45	so	so	ADV
cjfa-48749	251	46	ha2	ha2	PROPN
cjfa-48749	251	47	,	,	PUNCT
cjfa-48749	251	48	ha4	ha4	NOUN
cjfa-48749	251	49	,	,	PUNCT
cjfa-48749	251	50	and	and	CCONJ
cjfa-48749	251	51	ha6	ha6	PROPN
cjfa-48749	251	52	are	be	AUX
cjfa-48749	251	53	accepted	accept	VERB
cjfa-48749	251	54	.	.	PUNCT
cjfa-48749	252	1	this	this	DET
cjfa-48749	252	2	result	result	NOUN
cjfa-48749	252	3	is	be	AUX
cjfa-48749	252	4	in	in	ADP
cjfa-48749	252	5	line	line	NOUN
cjfa-48749	252	6	with	with	ADP
cjfa-48749	252	7	(	(	PUNCT
cjfa-48749	252	8	leung	leung	PROPN
cjfa-48749	252	9	,	,	PUNCT
cjfa-48749	252	10	2016	2016	NUM
cjfa-48749	252	11	)	)	PUNCT
cjfa-48749	252	12	,	,	PUNCT
cjfa-48749	252	13	whose	whose	DET
cjfa-48749	252	14	research	research	NOUN
cjfa-48749	252	15	on	on	ADP
cjfa-48749	252	16	canadian	canadian	ADJ
cjfa-48749	252	17	firms	firm	NOUN
cjfa-48749	252	18	found	find	VERB
cjfa-48749	252	19	that	that	SCONJ
cjfa-48749	252	20	accounting	accounting	NOUN
cjfa-48749	252	21	quality	quality	NOUN
cjfa-48749	252	22	and	and	CCONJ
cjfa-48749	252	23	firm	firm	ADJ
cjfa-48749	252	24	value	value	NOUN
cjfa-48749	252	25	has	have	AUX
cjfa-48749	252	26	increased	increase	VERB
cjfa-48749	252	27	after	after	ADP
cjfa-48749	252	28	ifrs	ifrs	NOUN
cjfa-48749	252	29	adoption	adoption	NOUN
cjfa-48749	252	30	,	,	PUNCT
cjfa-48749	252	31	and	and	CCONJ
cjfa-48749	252	32	(	(	PUNCT
cjfa-48749	252	33	fernandes	fernandes	PROPN
cjfa-48749	252	34	&	&	CCONJ
cjfa-48749	252	35	ferreira	ferreira	PROPN
cjfa-48749	252	36	,	,	PUNCT
cjfa-48749	252	37	2011	2011	NUM
cjfa-48749	252	38	)	)	PUNCT
cjfa-48749	252	39	who	who	PRON
cjfa-48749	252	40	found	find	VERB
cjfa-48749	252	41	negative	negative	ADJ
cjfa-48749	252	42	relation	relation	NOUN
cjfa-48749	252	43	between	between	ADP
cjfa-48749	252	44	earnings	earning	NOUN
cjfa-48749	252	45	management	management	NOUN
cjfa-48749	252	46	and	and	CCONJ
cjfa-48749	252	47	firm	firm	ADJ
cjfa-48749	252	48	valuation	valuation	NOUN
cjfa-48749	252	49	based	base	VERB
cjfa-48749	252	50	on	on	ADP
cjfa-48749	252	51	data	datum	NOUN
cjfa-48749	252	52	from	from	ADP
cjfa-48749	252	53	43	43	NUM
cjfa-48749	252	54	countries	country	NOUN
cjfa-48749	252	55	.	.	PUNCT
cjfa-48749	253	1	der	der	NOUN
cjfa-48749	253	2	consistently	consistently	ADV
cjfa-48749	253	3	show	show	VERB
cjfa-48749	253	4	negative	negative	ADJ
cjfa-48749	253	5	effect	effect	NOUN
cjfa-48749	253	6	on	on	ADP
cjfa-48749	253	7	firm	firm	ADJ
cjfa-48749	253	8	value	value	NOUN
cjfa-48749	253	9	on	on	ADP
cjfa-48749	253	10	all	all	DET
cjfa-48749	253	11	equation	equation	NOUN
cjfa-48749	253	12	,	,	PUNCT
cjfa-48749	253	13	with	with	ADP
cjfa-48749	253	14	significant	significant	ADJ
cjfa-48749	253	15	negative	negative	ADJ
cjfa-48749	253	16	effect	effect	NOUN
cjfa-48749	253	17	only	only	ADV
cjfa-48749	253	18	on	on	ADP
cjfa-48749	253	19	pbv	pbv	ADJ
cjfa-48749	253	20	.	.	PUNCT
cjfa-48749	254	1	on	on	ADP
cjfa-48749	254	2	the	the	DET
cjfa-48749	254	3	other	other	ADJ
cjfa-48749	254	4	hand	hand	NOUN
cjfa-48749	254	5	,	,	PUNCT
cjfa-48749	254	6	both	both	DET
cjfa-48749	254	7	size	size	NOUN
cjfa-48749	254	8	and	and	CCONJ
cjfa-48749	254	9	roa	roa	PROPN
cjfa-48749	254	10	consistently	consistently	ADV
cjfa-48749	254	11	have	have	VERB
cjfa-48749	254	12	positive	positive	ADJ
cjfa-48749	254	13	and	and	CCONJ
cjfa-48749	254	14	significant	significant	ADJ
cjfa-48749	254	15	effect	effect	NOUN
cjfa-48749	254	16	on	on	ADP
cjfa-48749	254	17	all	all	DET
cjfa-48749	254	18	proxies	proxy	NOUN
cjfa-48749	254	19	of	of	ADP
cjfa-48749	254	20	firm	firm	ADJ
cjfa-48749	254	21	value	value	NOUN
cjfa-48749	254	22	,	,	PUNCT
cjfa-48749	254	23	which	which	PRON
cjfa-48749	254	24	shows	show	VERB
cjfa-48749	254	25	that	that	SCONJ
cjfa-48749	254	26	higher	high	ADJ
cjfa-48749	254	27	firm	firm	ADJ
cjfa-48749	254	28	value	value	NOUN
cjfa-48749	254	29	is	be	AUX
cjfa-48749	254	30	caused	cause	VERB
cjfa-48749	254	31	by	by	ADP
cjfa-48749	254	32	company	company	NOUN
cjfa-48749	254	33	’s	’s	PART
cjfa-48749	254	34	assets	asset	NOUN
cjfa-48749	254	35	and	and	CCONJ
cjfa-48749	254	36	net	net	ADJ
cjfa-48749	254	37	income	income	NOUN
cjfa-48749	254	38	.	.	PUNCT
cjfa-48749	255	1	the	the	DET
cjfa-48749	255	2	regression	regression	NOUN
cjfa-48749	255	3	equation	equation	NOUN
cjfa-48749	255	4	was	be	AUX
cjfa-48749	255	5	derived	derive	VERB
cjfa-48749	255	6	based	base	VERB
cjfa-48749	255	7	on	on	ADP
cjfa-48749	255	8	the	the	DET
cjfa-48749	255	9	results	result	NOUN
cjfa-48749	255	10	of	of	ADP
cjfa-48749	255	11	the	the	DET
cjfa-48749	255	12	t	t	NOUN
cjfa-48749	255	13	-	-	PUNCT
cjfa-48749	255	14	statistical	statistical	ADJ
cjfa-48749	255	15	test	test	NOUN
cjfa-48749	255	16	presented	present	VERB
cjfa-48749	255	17	in	in	ADP
cjfa-48749	255	18	table	table	NOUN
cjfa-48749	255	19	3	3	NUM
cjfa-48749	255	20	:	:	PUNCT
cjfa-48749	255	21	0.064	0.064	NUM
cjfa-48749	255	22	aq	aq	NOUN
cjfa-48749	255	23	0.154	0.154	NUM
cjfa-48749	255	24	em	em	PRON
cjfa-48749	255	25	0.093	0.093	NUM
cjfa-48749	255	26	der	der	NOUN
cjfa-48749	255	27	0.628	0.628	NUM
cjfa-48749	255	28	size	size	NOUN
cjfa-48749	255	29	0.246	0.246	NUM
cjfa-48749	255	30	roa	roa	PROPN
cjfa-48749	255	31	10	10	NUM
cjfa-48749	255	32	0.028	0.028	NUM
cjfa-48749	255	33	aq	aq	NOUN
cjfa-48749	255	34	0.304	0.304	NUM
cjfa-48749	255	35	em	em	PRON
cjfa-48749	255	36	0.261	0.261	NUM
cjfa-48749	255	37	der	der	NOUN
cjfa-48749	255	38	0.325	0.325	NUM
cjfa-48749	255	39	size	size	NOUN
cjfa-48749	255	40	0.352	0.352	NUM
cjfa-48749	255	41	roa	roa	NOUN
cjfa-48749	255	42	(	(	PUNCT
cjfa-48749	255	43	11	11	NUM
cjfa-48749	255	44	)	)	PUNCT
cjfa-48749	255	45	0.025	0.025	NUM
cjfa-48749	255	46	aq	aq	NOUN
cjfa-48749	255	47	0.243	0.243	NUM
cjfa-48749	255	48	em	em	PRON
cjfa-48749	255	49	0.139	0.139	NUM
cjfa-48749	255	50	der	der	NOUN
cjfa-48749	255	51	0.338	0.338	NUM
cjfa-48749	255	52	size	size	NOUN
cjfa-48749	255	53	0.372	0.372	NUM
cjfa-48749	255	54	roa	roa	NOUN
cjfa-48749	255	55	(	(	PUNCT
cjfa-48749	255	56	12	12	NUM
cjfa-48749	255	57	)	)	PUNCT
cjfa-48749	255	58	0.021	0.021	NUM
cjfa-48749	255	59	aq	aq	NOUN
cjfa-48749	255	60	0.118	0.118	NUM
cjfa-48749	255	61	em	em	PRON
cjfa-48749	255	62	0.053	0.053	NUM
cjfa-48749	255	63	der	der	NOUN
cjfa-48749	255	64	0.775	0.775	NUM
cjfa-48749	255	65	size	size	NOUN
cjfa-48749	255	66	0.216	0.216	NUM
cjfa-48749	255	67	roa	roa	NOUN
cjfa-48749	255	68	(	(	PUNCT
cjfa-48749	255	69	13	13	NUM
cjfa-48749	255	70	)	)	PUNCT
cjfa-48749	255	71	table	table	NOUN
cjfa-48749	255	72	4	4	NUM
cjfa-48749	255	73	.	.	PUNCT
cjfa-48749	256	1	bivariate	bivariate	ADJ
cjfa-48749	256	2	analysis	analysis	NOUN
cjfa-48749	256	3	(	(	PUNCT
cjfa-48749	256	4	10	10	NUM
cjfa-48749	256	5	)	)	SYM
cjfa-48749	256	6	107	107	NUM
cjfa-48749	256	7	observations	observation	NOUN
cjfa-48749	256	8	reporting	reporting	NOUN
cjfa-48749	256	9	decrease	decrease	NOUN
cjfa-48749	256	10	in	in	ADP
cjfa-48749	256	11	operating	operate	VERB
cjfa-48749	256	12	cash	cash	NOUN
cjfa-48749	256	13	flows	flow	NOUN
cjfa-48749	256	14	with	with	ADP
cjfa-48749	256	15	average	average	ADJ
cjfa-48749	256	16	130	130	NUM
cjfa-48749	256	17	%	%	NOUN
cjfa-48749	256	18	.	.	PUNCT
cjfa-48749	257	1	high	high	ADJ
cjfa-48749	257	2	frq	frq	PROPN
cjfa-48749	257	3	is	be	AUX
cjfa-48749	257	4	observed	observe	VERB
cjfa-48749	257	5	in	in	ADP
cjfa-48749	257	6	aq	aq	NOUN
cjfa-48749	257	7	score	score	NOUN
cjfa-48749	257	8	,	,	PUNCT
cjfa-48749	257	9	which	which	PRON
cjfa-48749	257	10	means	mean	VERB
cjfa-48749	257	11	companies	company	NOUN
cjfa-48749	257	12	are	be	AUX
cjfa-48749	257	13	reporting	report	VERB
cjfa-48749	257	14	reduction	reduction	NOUN
cjfa-48749	257	15	in	in	ADP
cjfa-48749	257	16	revenue	revenue	NOUN
cjfa-48749	257	17	and	and	CCONJ
cjfa-48749	257	18	net	net	ADJ
cjfa-48749	257	19	income	income	NOUN
cjfa-48749	257	20	timely	timely	ADV
cjfa-48749	257	21	.	.	PUNCT
cjfa-48749	258	1	even	even	ADV
cjfa-48749	258	2	though	though	ADV
cjfa-48749	258	3	,	,	PUNCT
cjfa-48749	258	4	the	the	DET
cjfa-48749	258	5	quality	quality	NOUN
cjfa-48749	258	6	of	of	ADP
cjfa-48749	258	7	financial	financial	ADJ
cjfa-48749	258	8	reporting	reporting	NOUN
cjfa-48749	258	9	is	be	AUX
cjfa-48749	258	10	high	high	ADJ
cjfa-48749	258	11	,	,	PUNCT
cjfa-48749	258	12	investors	investor	NOUN
cjfa-48749	258	13	immediately	immediately	ADV
cjfa-48749	258	14	reacted	react	VERB
cjfa-48749	258	15	to	to	ADP
cjfa-48749	258	16	the	the	DET
cjfa-48749	258	17	negative	negative	ADJ
cjfa-48749	258	18	signal	signal	NOUN
cjfa-48749	258	19	of	of	ADP
cjfa-48749	258	20	lower	low	ADJ
cjfa-48749	258	21	revenue	revenue	NOUN
cjfa-48749	258	22	,	,	PUNCT
cjfa-48749	258	23	net	net	ADJ
cjfa-48749	258	24	income	income	NOUN
cjfa-48749	258	25	,	,	PUNCT
cjfa-48749	258	26	and	and	CCONJ
cjfa-48749	258	27	operating	operate	VERB
cjfa-48749	258	28	cash	cash	NOUN
cjfa-48749	258	29	flows	flow	NOUN
cjfa-48749	258	30	.	.	PUNCT
cjfa-48749	259	1	this	this	DET
cjfa-48749	259	2	poor	poor	ADJ
cjfa-48749	259	3	financial	financial	ADJ
cjfa-48749	259	4	performance	performance	NOUN
cjfa-48749	259	5	caused	cause	VERB
cjfa-48749	259	6	investors	investor	NOUN
cjfa-48749	259	7	to	to	PART
cjfa-48749	259	8	sell	sell	VERB
cjfa-48749	259	9	their	their	PRON
cjfa-48749	259	10	investment	investment	NOUN
cjfa-48749	259	11	,	,	PUNCT
cjfa-48749	259	12	indicated	indicate	VERB
cjfa-48749	259	13	by	by	ADP
cjfa-48749	259	14	decreasing	decrease	VERB
cjfa-48749	259	15	in	in	ADP
cjfa-48749	259	16	share	share	NOUN
cjfa-48749	259	17	price	price	NOUN
cjfa-48749	259	18	of	of	ADP
cjfa-48749	259	19	4	4	NUM
cjfa-48749	259	20	%	%	NOUN
cjfa-48749	259	21	.	.	PUNCT
cjfa-48749	260	1	in	in	ADP
cjfa-48749	260	2	turn	turn	NOUN
cjfa-48749	260	3	,	,	PUNCT
cjfa-48749	260	4	pbv	pbv	VERB
cjfa-48749	260	5	also	also	ADV
cjfa-48749	260	6	decline	decline	VERB
cjfa-48749	260	7	by	by	ADP
cjfa-48749	260	8	2.5	2.5	NUM
cjfa-48749	260	9	%	%	NOUN
cjfa-48749	260	10	with	with	ADP
cjfa-48749	260	11	average	average	ADJ
cjfa-48749	260	12	pbv	pbv	VERB
cjfa-48749	260	13	only	only	ADV
cjfa-48749	260	14	1.11	1.11	NUM
cjfa-48749	260	15	,	,	PUNCT
cjfa-48749	260	16	and	and	CCONJ
cjfa-48749	260	17	tobin	tobin	PROPN
cjfa-48749	260	18	’s	’s	PART
cjfa-48749	260	19	q	q	NOUN
cjfa-48749	260	20	average	average	ADJ
cjfa-48749	260	21	only	only	ADV
cjfa-48749	260	22	1.06	1.06	NUM
cjfa-48749	260	23	,	,	PUNCT
cjfa-48749	260	24	which	which	PRON
cjfa-48749	260	25	shows	show	VERB
cjfa-48749	260	26	that	that	SCONJ
cjfa-48749	260	27	companies	company	NOUN
cjfa-48749	260	28	barely	barely	ADV
cjfa-48749	260	29	able	able	ADJ
cjfa-48749	260	30	to	to	PART
cjfa-48749	260	31	use	use	VERB
cjfa-48749	260	32	assets	asset	NOUN
cjfa-48749	260	33	to	to	PART
cjfa-48749	260	34	raise	raise	VERB
cjfa-48749	260	35	funding	funding	NOUN
cjfa-48749	260	36	from	from	ADP
cjfa-48749	260	37	creditors	creditor	NOUN
cjfa-48749	260	38	and	and	CCONJ
cjfa-48749	260	39	investors	investor	NOUN
cjfa-48749	260	40	.	.	PUNCT
cjfa-48749	261	1	this	this	DET
cjfa-48749	261	2	result	result	NOUN
cjfa-48749	261	3	is	be	AUX
cjfa-48749	261	4	in	in	ADP
cjfa-48749	261	5	line	line	NOUN
cjfa-48749	261	6	with	with	ADP
cjfa-48749	261	7	(	(	PUNCT
cjfa-48749	261	8	fambudi	fambudi	PROPN
cjfa-48749	261	9	&	&	CCONJ
cjfa-48749	261	10	fitriani	fitriani	NOUN
cjfa-48749	261	11	,	,	PUNCT
cjfa-48749	261	12	2020	2020	NUM
cjfa-48749	261	13	)	)	PUNCT
cjfa-48749	261	14	,	,	PUNCT
cjfa-48749	261	15	but	but	CCONJ
cjfa-48749	261	16	differ	differ	VERB
cjfa-48749	261	17	from	from	ADP
cjfa-48749	261	18	the	the	DET
cjfa-48749	261	19	result	result	NOUN
cjfa-48749	261	20	of	of	ADP
cjfa-48749	261	21	(	(	PUNCT
cjfa-48749	261	22	latif	latif	PROPN
cjfa-48749	261	23	et	et	PROPN
cjfa-48749	261	24	al	al	PROPN
cjfa-48749	261	25	.	.	PROPN
cjfa-48749	261	26	,	,	PUNCT
cjfa-48749	261	27	2017	2017	NUM
cjfa-48749	261	28	)	)	PUNCT
cjfa-48749	261	29	that	that	PRON
cjfa-48749	261	30	stated	state	VERB
cjfa-48749	261	31	accrual	accrual	ADJ
cjfa-48749	261	32	quality	quality	NOUN
cjfa-48749	261	33	improves	improve	VERB
cjfa-48749	261	34	firm	firm	ADJ
cjfa-48749	261	35	value	value	NOUN
cjfa-48749	261	36	on	on	ADP
cjfa-48749	261	37	pakistan	pakistan	PROPN
cjfa-48749	261	38	companies	company	NOUN
cjfa-48749	261	39	.	.	PUNCT
cjfa-48749	262	1	the	the	DET
cjfa-48749	262	2	results	result	NOUN
cjfa-48749	262	3	in	in	ADP
cjfa-48749	262	4	table	table	NOUN
cjfa-48749	262	5	3	3	NUM
cjfa-48749	262	6	shows	show	VERB
cjfa-48749	262	7	that	that	PRON
cjfa-48749	262	8	aq	aq	VERB
cjfa-48749	262	9	consistently	consistently	ADV
cjfa-48749	262	10	has	have	VERB
cjfa-48749	262	11	no	no	DET
cjfa-48749	262	12	effect	effect	NOUN
cjfa-48749	262	13	on	on	ADP
cjfa-48749	262	14	multiple	multiple	ADJ
cjfa-48749	262	15	proxies	proxy	NOUN
cjfa-48749	262	16	of	of	ADP
cjfa-48749	262	17	firm	firm	ADJ
cjfa-48749	262	18	value	value	NOUN
cjfa-48749	262	19	.	.	PUNCT
cjfa-48749	263	1	this	this	DET
cjfa-48749	263	2	result	result	NOUN
cjfa-48749	263	3	is	be	AUX
cjfa-48749	263	4	in	in	ADP
cjfa-48749	263	5	accordance	accordance	NOUN
cjfa-48749	263	6	with	with	ADP
cjfa-48749	263	7	(	(	PUNCT
cjfa-48749	263	8	ball	ball	NOUN
cjfa-48749	263	9	et	et	NOUN
cjfa-48749	263	10	al	al	PROPN
cjfa-48749	263	11	.	.	PROPN
cjfa-48749	263	12	,	,	PUNCT
cjfa-48749	263	13	2003	2003	NUM
cjfa-48749	263	14	)	)	PUNCT
cjfa-48749	263	15	who	who	PRON
cjfa-48749	263	16	suggested	suggest	VERB
cjfa-48749	263	17	that	that	SCONJ
cjfa-48749	263	18	financial	financial	ADJ
cjfa-48749	263	19	reporting	reporting	NOUN
cjfa-48749	263	20	in	in	ADP
cjfa-48749	263	21	hong	hong	PROPN
cjfa-48749	263	22	kong	kong	PROPN
cjfa-48749	263	23	,	,	PUNCT
cjfa-48749	263	24	malaysia	malaysia	PROPN
cjfa-48749	263	25	,	,	PUNCT
cjfa-48749	263	26	singapore	singapore	PROPN
cjfa-48749	263	27	,	,	PUNCT
cjfa-48749	263	28	and	and	CCONJ
cjfa-48749	263	29	thailand	thailand	PROPN
cjfa-48749	263	30	does	do	AUX
cjfa-48749	263	31	not	not	PART
cjfa-48749	263	32	include	include	VERB
cjfa-48749	263	33	the	the	DET
cjfa-48749	263	34	identification	identification	NOUN
cjfa-48749	263	35	of	of	ADP
cjfa-48749	263	36	economic	economic	ADJ
cjfa-48749	263	37	income	income	NOUN
cjfa-48749	263	38	,	,	PUNCT
cjfa-48749	263	39	especially	especially	ADV
cjfa-48749	263	40	economic	economic	ADJ
cjfa-48749	263	41	losses	loss	NOUN
cjfa-48749	263	42	,	,	PUNCT
cjfa-48749	263	43	in	in	ADP
cjfa-48749	263	44	a	a	DET
cjfa-48749	263	45	timely	timely	ADJ
cjfa-48749	263	46	manner	manner	NOUN
cjfa-48749	263	47	.	.	PUNCT
cjfa-48749	264	1	based	base	VERB
cjfa-48749	264	2	on	on	ADP
cjfa-48749	264	3	table	table	NOUN
cjfa-48749	264	4	4	4	NUM
cjfa-48749	264	5	,	,	PUNCT
cjfa-48749	264	6	em	em	PRON
cjfa-48749	264	7	shows	show	VERB
cjfa-48749	264	8	negative	negative	ADJ
cjfa-48749	264	9	significant	significant	ADJ
cjfa-48749	264	10	effect	effect	NOUN
cjfa-48749	264	11	on	on	ADP
cjfa-48749	264	12	share	share	NOUN
cjfa-48749	264	13	price	price	NOUN
cjfa-48749	264	14	,	,	PUNCT
cjfa-48749	264	15	pbv	pbv	VERB
cjfa-48749	264	16	,	,	PUNCT
cjfa-48749	264	17	and	and	CCONJ
cjfa-48749	264	18	tobin	tobin	PROPN
cjfa-48749	264	19	’s	’s	PART
cjfa-48749	264	20	q.	q.	PROPN
cjfa-48749	264	21	low	low	PROPN
cjfa-48749	264	22	em	em	PROPN
cjfa-48749	264	23	values	value	NOUN
cjfa-48749	264	24	associated	associate	VERB
cjfa-48749	264	25	with	with	ADP
cjfa-48749	264	26	high	high	ADJ
cjfa-48749	264	27	financial	financial	ADJ
cjfa-48749	264	28	reporting	reporting	NOUN
cjfa-48749	264	29	quality	quality	NOUN
cjfa-48749	264	30	(	(	PUNCT
cjfa-48749	264	31	frq	frq	PROPN
cjfa-48749	264	32	)	)	PUNCT
cjfa-48749	264	33	,	,	PUNCT
cjfa-48749	264	34	therefore	therefore	ADV
cjfa-48749	264	35	frq	frq	PROPN
cjfa-48749	264	36	has	have	VERB
cjfa-48749	264	37	positive	positive	ADJ
cjfa-48749	264	38	and	and	CCONJ
cjfa-48749	264	39	significant	significant	ADJ
cjfa-48749	264	40	effect	effect	NOUN
cjfa-48749	264	41	on	on	ADP
cjfa-48749	264	42	firm	firm	ADJ
cjfa-48749	264	43	value	value	NOUN
cjfa-48749	264	44	,	,	PUNCT
cjfa-48749	264	45	so	so	ADV
cjfa-48749	264	46	ha2	ha2	PROPN
cjfa-48749	264	47	,	,	PUNCT
cjfa-48749	264	48	ha4	ha4	NOUN
cjfa-48749	264	49	,	,	PUNCT
cjfa-48749	264	50	and	and	CCONJ
cjfa-48749	264	51	ha6	ha6	PROPN
cjfa-48749	264	52	are	be	AUX
cjfa-48749	264	53	accepted	accept	VERB
cjfa-48749	264	54	.	.	PUNCT
cjfa-48749	265	1	this	this	DET
cjfa-48749	265	2	result	result	NOUN
cjfa-48749	265	3	is	be	AUX
cjfa-48749	265	4	in	in	ADP
cjfa-48749	265	5	line	line	NOUN
cjfa-48749	265	6	with	with	ADP
cjfa-48749	265	7	(	(	PUNCT
cjfa-48749	265	8	leung	leung	PROPN
cjfa-48749	265	9	,	,	PUNCT
cjfa-48749	265	10	2016	2016	NUM
cjfa-48749	265	11	)	)	PUNCT
cjfa-48749	265	12	,	,	PUNCT
cjfa-48749	265	13	whose	whose	DET
cjfa-48749	265	14	research	research	NOUN
cjfa-48749	265	15	on	on	ADP
cjfa-48749	265	16	canadian	canadian	ADJ
cjfa-48749	265	17	firms	firm	NOUN
cjfa-48749	265	18	found	find	VERB
cjfa-48749	265	19	that	that	SCONJ
cjfa-48749	265	20	accounting	accounting	NOUN
cjfa-48749	265	21	quality	quality	NOUN
cjfa-48749	265	22	and	and	CCONJ
cjfa-48749	265	23	firm	firm	ADJ
cjfa-48749	265	24	value	value	NOUN
cjfa-48749	265	25	has	have	AUX
cjfa-48749	265	26	increased	increase	VERB
cjfa-48749	265	27	after	after	ADP
cjfa-48749	265	28	ifrs	ifrs	NOUN
cjfa-48749	265	29	adoption	adoption	NOUN
cjfa-48749	265	30	,	,	PUNCT
cjfa-48749	265	31	and	and	CCONJ
cjfa-48749	265	32	(	(	PUNCT
cjfa-48749	265	33	fernandes	fernandes	PROPN
cjfa-48749	265	34	&	&	CCONJ
cjfa-48749	265	35	ferreira	ferreira	PROPN
cjfa-48749	265	36	,	,	PUNCT
cjfa-48749	265	37	2011	2011	NUM
cjfa-48749	265	38	)	)	PUNCT
cjfa-48749	265	39	who	who	PRON
cjfa-48749	265	40	found	find	VERB
cjfa-48749	265	41	negative	negative	ADJ
cjfa-48749	265	42	relation	relation	NOUN
cjfa-48749	265	43	between	between	ADP
cjfa-48749	265	44	earnings	earning	NOUN
cjfa-48749	265	45	management	management	NOUN
cjfa-48749	265	46	and	and	CCONJ
cjfa-48749	265	47	firm	firm	ADJ
cjfa-48749	265	48	valuation	valuation	NOUN
cjfa-48749	265	49	based	base	VERB
cjfa-48749	265	50	on	on	ADP
cjfa-48749	265	51	data	datum	NOUN
cjfa-48749	265	52	from	from	ADP
cjfa-48749	265	53	43	43	NUM
cjfa-48749	265	54	countries	country	NOUN
cjfa-48749	265	55	.	.	PUNCT
cjfa-48749	266	1	der	der	NOUN
cjfa-48749	266	2	consistently	consistently	ADV
cjfa-48749	266	3	show	show	VERB
cjfa-48749	266	4	negative	negative	ADJ
cjfa-48749	266	5	effect	effect	NOUN
cjfa-48749	266	6	on	on	ADP
cjfa-48749	266	7	firm	firm	ADJ
cjfa-48749	266	8	value	value	NOUN
cjfa-48749	266	9	on	on	ADP
cjfa-48749	266	10	all	all	DET
cjfa-48749	266	11	equation	equation	NOUN
cjfa-48749	266	12	,	,	PUNCT
cjfa-48749	266	13	with	with	ADP
cjfa-48749	266	14	significant	significant	ADJ
cjfa-48749	266	15	negative	negative	ADJ
cjfa-48749	266	16	effect	effect	NOUN
cjfa-48749	266	17	only	only	ADV
cjfa-48749	266	18	on	on	ADP
cjfa-48749	266	19	pbv	pbv	ADJ
cjfa-48749	266	20	.	.	PUNCT
cjfa-48749	267	1	on	on	ADP
cjfa-48749	267	2	the	the	DET
cjfa-48749	267	3	other	other	ADJ
cjfa-48749	267	4	hand	hand	NOUN
cjfa-48749	267	5	,	,	PUNCT
cjfa-48749	267	6	both	both	DET
cjfa-48749	267	7	size	size	NOUN
cjfa-48749	267	8	and	and	CCONJ
cjfa-48749	267	9	roa	roa	PROPN
cjfa-48749	267	10	consistently	consistently	ADV
cjfa-48749	267	11	have	have	VERB
cjfa-48749	267	12	positive	positive	ADJ
cjfa-48749	267	13	and	and	CCONJ
cjfa-48749	267	14	significant	significant	ADJ
cjfa-48749	267	15	effect	effect	NOUN
cjfa-48749	267	16	on	on	ADP
cjfa-48749	267	17	all	all	DET
cjfa-48749	267	18	proxies	proxy	NOUN
cjfa-48749	267	19	of	of	ADP
cjfa-48749	267	20	firm	firm	ADJ
cjfa-48749	267	21	value	value	NOUN
cjfa-48749	267	22	,	,	PUNCT
cjfa-48749	267	23	which	which	PRON
cjfa-48749	267	24	shows	show	VERB
cjfa-48749	267	25	that	that	SCONJ
cjfa-48749	267	26	higher	high	ADJ
cjfa-48749	267	27	firm	firm	ADJ
cjfa-48749	267	28	value	value	NOUN
cjfa-48749	267	29	is	be	AUX
cjfa-48749	267	30	caused	cause	VERB
cjfa-48749	267	31	by	by	ADP
cjfa-48749	267	32	company	company	NOUN
cjfa-48749	267	33	’s	’s	PART
cjfa-48749	267	34	assets	asset	NOUN
cjfa-48749	267	35	and	and	CCONJ
cjfa-48749	267	36	net	net	ADJ
cjfa-48749	267	37	income	income	NOUN
cjfa-48749	267	38	.	.	PUNCT
cjfa-48749	268	1	the	the	DET
cjfa-48749	268	2	regression	regression	NOUN
cjfa-48749	268	3	equation	equation	NOUN
cjfa-48749	268	4	was	be	AUX
cjfa-48749	268	5	derived	derive	VERB
cjfa-48749	268	6	based	base	VERB
cjfa-48749	268	7	on	on	ADP
cjfa-48749	268	8	the	the	DET
cjfa-48749	268	9	results	result	NOUN
cjfa-48749	268	10	of	of	ADP
cjfa-48749	268	11	the	the	DET
cjfa-48749	268	12	t	t	NOUN
cjfa-48749	268	13	-	-	PUNCT
cjfa-48749	268	14	statistical	statistical	ADJ
cjfa-48749	268	15	test	test	NOUN
cjfa-48749	268	16	presented	present	VERB
cjfa-48749	268	17	in	in	ADP
cjfa-48749	268	18	table	table	NOUN
cjfa-48749	268	19	3	3	NUM
cjfa-48749	268	20	:	:	PUNCT
cjfa-48749	268	21	0.064	0.064	NUM
cjfa-48749	268	22	aq	aq	NOUN
cjfa-48749	268	23	0.154	0.154	NUM
cjfa-48749	268	24	em	em	PRON
cjfa-48749	268	25	0.093	0.093	NUM
cjfa-48749	268	26	der	der	NOUN
cjfa-48749	268	27	0.628	0.628	NUM
cjfa-48749	268	28	size	size	NOUN
cjfa-48749	268	29	0.246	0.246	NUM
cjfa-48749	268	30	roa	roa	PROPN
cjfa-48749	268	31	10	10	NUM
cjfa-48749	268	32	0.028	0.028	NUM
cjfa-48749	268	33	aq	aq	NOUN
cjfa-48749	268	34	0.304	0.304	NUM
cjfa-48749	268	35	em	em	PRON
cjfa-48749	268	36	0.261	0.261	NUM
cjfa-48749	268	37	der	der	NOUN
cjfa-48749	268	38	0.325	0.325	NUM
cjfa-48749	268	39	size	size	NOUN
cjfa-48749	268	40	0.352	0.352	NUM
cjfa-48749	268	41	roa	roa	NOUN
cjfa-48749	268	42	(	(	PUNCT
cjfa-48749	268	43	11	11	NUM
cjfa-48749	268	44	)	)	PUNCT
cjfa-48749	268	45	0.025	0.025	NUM
cjfa-48749	268	46	aq	aq	NOUN
cjfa-48749	268	47	0.243	0.243	NUM
cjfa-48749	268	48	em	em	PRON
cjfa-48749	268	49	0.139	0.139	NUM
cjfa-48749	268	50	der	der	NOUN
cjfa-48749	268	51	0.338	0.338	NUM
cjfa-48749	268	52	size	size	NOUN
cjfa-48749	268	53	0.372	0.372	NUM
cjfa-48749	268	54	roa	roa	NOUN
cjfa-48749	268	55	(	(	PUNCT
cjfa-48749	268	56	12	12	NUM
cjfa-48749	268	57	)	)	PUNCT
cjfa-48749	268	58	0.021	0.021	NUM
cjfa-48749	268	59	aq	aq	NOUN
cjfa-48749	268	60	0.118	0.118	NUM
cjfa-48749	268	61	em	em	PRON
cjfa-48749	268	62	0.053	0.053	NUM
cjfa-48749	268	63	der	der	NOUN
cjfa-48749	268	64	0.775	0.775	NUM
cjfa-48749	268	65	size	size	NOUN
cjfa-48749	268	66	0.216	0.216	NUM
cjfa-48749	268	67	roa	roa	NOUN
cjfa-48749	268	68	(	(	PUNCT
cjfa-48749	268	69	13	13	NUM
cjfa-48749	268	70	)	)	PUNCT
cjfa-48749	268	71	table	table	NOUN
cjfa-48749	268	72	4	4	NUM
cjfa-48749	268	73	.	.	PUNCT
cjfa-48749	268	74	bivariate	bivariate	ADJ
cjfa-48749	268	75	analysis	analysis	NOUN
cjfa-48749	268	76	(	(	PUNCT
cjfa-48749	268	77	11	11	NUM
cjfa-48749	268	78	)	)	SYM
cjfa-48749	268	79	107	107	NUM
cjfa-48749	268	80	observations	observation	NOUN
cjfa-48749	268	81	reporting	reporting	NOUN
cjfa-48749	268	82	decrease	decrease	NOUN
cjfa-48749	268	83	in	in	ADP
cjfa-48749	268	84	operating	operate	VERB
cjfa-48749	268	85	cash	cash	NOUN
cjfa-48749	268	86	flows	flow	NOUN
cjfa-48749	268	87	with	with	ADP
cjfa-48749	268	88	average	average	ADJ
cjfa-48749	268	89	130	130	NUM
cjfa-48749	268	90	%	%	NOUN
cjfa-48749	268	91	.	.	PUNCT
cjfa-48749	269	1	high	high	ADJ
cjfa-48749	269	2	frq	frq	PROPN
cjfa-48749	269	3	is	be	AUX
cjfa-48749	269	4	observed	observe	VERB
cjfa-48749	269	5	in	in	ADP
cjfa-48749	269	6	aq	aq	NOUN
cjfa-48749	269	7	score	score	NOUN
cjfa-48749	269	8	,	,	PUNCT
cjfa-48749	269	9	which	which	PRON
cjfa-48749	269	10	means	mean	VERB
cjfa-48749	269	11	companies	company	NOUN
cjfa-48749	269	12	are	be	AUX
cjfa-48749	269	13	reporting	report	VERB
cjfa-48749	269	14	reduction	reduction	NOUN
cjfa-48749	269	15	in	in	ADP
cjfa-48749	269	16	revenue	revenue	NOUN
cjfa-48749	269	17	and	and	CCONJ
cjfa-48749	269	18	net	net	ADJ
cjfa-48749	269	19	income	income	NOUN
cjfa-48749	269	20	timely	timely	ADV
cjfa-48749	269	21	.	.	PUNCT
cjfa-48749	270	1	even	even	ADV
cjfa-48749	270	2	though	though	ADV
cjfa-48749	270	3	,	,	PUNCT
cjfa-48749	270	4	the	the	DET
cjfa-48749	270	5	quality	quality	NOUN
cjfa-48749	270	6	of	of	ADP
cjfa-48749	270	7	financial	financial	ADJ
cjfa-48749	270	8	reporting	reporting	NOUN
cjfa-48749	270	9	is	be	AUX
cjfa-48749	270	10	high	high	ADJ
cjfa-48749	270	11	,	,	PUNCT
cjfa-48749	270	12	investors	investor	NOUN
cjfa-48749	270	13	immediately	immediately	ADV
cjfa-48749	270	14	reacted	react	VERB
cjfa-48749	270	15	to	to	ADP
cjfa-48749	270	16	the	the	DET
cjfa-48749	270	17	negative	negative	ADJ
cjfa-48749	270	18	signal	signal	NOUN
cjfa-48749	270	19	of	of	ADP
cjfa-48749	270	20	lower	low	ADJ
cjfa-48749	270	21	revenue	revenue	NOUN
cjfa-48749	270	22	,	,	PUNCT
cjfa-48749	270	23	net	net	ADJ
cjfa-48749	270	24	income	income	NOUN
cjfa-48749	270	25	,	,	PUNCT
cjfa-48749	270	26	and	and	CCONJ
cjfa-48749	270	27	operating	operate	VERB
cjfa-48749	270	28	cash	cash	NOUN
cjfa-48749	270	29	flows	flow	NOUN
cjfa-48749	270	30	.	.	PUNCT
cjfa-48749	271	1	this	this	DET
cjfa-48749	271	2	poor	poor	ADJ
cjfa-48749	271	3	financial	financial	ADJ
cjfa-48749	271	4	performance	performance	NOUN
cjfa-48749	271	5	caused	cause	VERB
cjfa-48749	271	6	investors	investor	NOUN
cjfa-48749	271	7	to	to	PART
cjfa-48749	271	8	sell	sell	VERB
cjfa-48749	271	9	their	their	PRON
cjfa-48749	271	10	investment	investment	NOUN
cjfa-48749	271	11	,	,	PUNCT
cjfa-48749	271	12	indicated	indicate	VERB
cjfa-48749	271	13	by	by	ADP
cjfa-48749	271	14	decreasing	decrease	VERB
cjfa-48749	271	15	in	in	ADP
cjfa-48749	271	16	share	share	NOUN
cjfa-48749	271	17	price	price	NOUN
cjfa-48749	271	18	of	of	ADP
cjfa-48749	271	19	4	4	NUM
cjfa-48749	271	20	%	%	NOUN
cjfa-48749	271	21	.	.	PUNCT
cjfa-48749	272	1	in	in	ADP
cjfa-48749	272	2	turn	turn	NOUN
cjfa-48749	272	3	,	,	PUNCT
cjfa-48749	272	4	pbv	pbv	VERB
cjfa-48749	272	5	also	also	ADV
cjfa-48749	272	6	decline	decline	VERB
cjfa-48749	272	7	by	by	ADP
cjfa-48749	272	8	2.5	2.5	NUM
cjfa-48749	272	9	%	%	NOUN
cjfa-48749	272	10	with	with	ADP
cjfa-48749	272	11	average	average	ADJ
cjfa-48749	272	12	pbv	pbv	VERB
cjfa-48749	272	13	only	only	ADV
cjfa-48749	272	14	1.11	1.11	NUM
cjfa-48749	272	15	,	,	PUNCT
cjfa-48749	272	16	and	and	CCONJ
cjfa-48749	272	17	tobin	tobin	PROPN
cjfa-48749	272	18	’s	’s	PART
cjfa-48749	272	19	q	q	NOUN
cjfa-48749	272	20	average	average	ADJ
cjfa-48749	272	21	only	only	ADV
cjfa-48749	272	22	1.06	1.06	NUM
cjfa-48749	272	23	,	,	PUNCT
cjfa-48749	272	24	which	which	PRON
cjfa-48749	272	25	shows	show	VERB
cjfa-48749	272	26	that	that	SCONJ
cjfa-48749	272	27	companies	company	NOUN
cjfa-48749	272	28	barely	barely	ADV
cjfa-48749	272	29	able	able	ADJ
cjfa-48749	272	30	to	to	PART
cjfa-48749	272	31	use	use	VERB
cjfa-48749	272	32	assets	asset	NOUN
cjfa-48749	272	33	to	to	PART
cjfa-48749	272	34	raise	raise	VERB
cjfa-48749	272	35	funding	funding	NOUN
cjfa-48749	272	36	from	from	ADP
cjfa-48749	272	37	creditors	creditor	NOUN
cjfa-48749	272	38	and	and	CCONJ
cjfa-48749	272	39	investors	investor	NOUN
cjfa-48749	272	40	.	.	PUNCT
cjfa-48749	273	1	this	this	DET
cjfa-48749	273	2	result	result	NOUN
cjfa-48749	273	3	is	be	AUX
cjfa-48749	273	4	in	in	ADP
cjfa-48749	273	5	line	line	NOUN
cjfa-48749	273	6	with	with	ADP
cjfa-48749	273	7	(	(	PUNCT
cjfa-48749	273	8	fambudi	fambudi	PROPN
cjfa-48749	273	9	&	&	CCONJ
cjfa-48749	273	10	fitriani	fitriani	NOUN
cjfa-48749	273	11	,	,	PUNCT
cjfa-48749	273	12	2020	2020	NUM
cjfa-48749	273	13	)	)	PUNCT
cjfa-48749	273	14	,	,	PUNCT
cjfa-48749	273	15	but	but	CCONJ
cjfa-48749	273	16	differ	differ	VERB
cjfa-48749	273	17	from	from	ADP
cjfa-48749	273	18	the	the	DET
cjfa-48749	273	19	result	result	NOUN
cjfa-48749	273	20	of	of	ADP
cjfa-48749	273	21	(	(	PUNCT
cjfa-48749	273	22	latif	latif	PROPN
cjfa-48749	273	23	et	et	PROPN
cjfa-48749	273	24	al	al	PROPN
cjfa-48749	273	25	.	.	PROPN
cjfa-48749	273	26	,	,	PUNCT
cjfa-48749	273	27	2017	2017	NUM
cjfa-48749	273	28	)	)	PUNCT
cjfa-48749	273	29	that	that	PRON
cjfa-48749	273	30	stated	state	VERB
cjfa-48749	273	31	accrual	accrual	ADJ
cjfa-48749	273	32	quality	quality	NOUN
cjfa-48749	273	33	improves	improve	VERB
cjfa-48749	273	34	firm	firm	ADJ
cjfa-48749	273	35	value	value	NOUN
cjfa-48749	273	36	on	on	ADP
cjfa-48749	273	37	pakistan	pakistan	PROPN
cjfa-48749	273	38	companies	company	NOUN
cjfa-48749	273	39	.	.	PUNCT
cjfa-48749	274	1	the	the	DET
cjfa-48749	274	2	results	result	NOUN
cjfa-48749	274	3	in	in	ADP
cjfa-48749	274	4	table	table	NOUN
cjfa-48749	274	5	3	3	NUM
cjfa-48749	274	6	shows	show	VERB
cjfa-48749	274	7	that	that	PRON
cjfa-48749	274	8	aq	aq	VERB
cjfa-48749	274	9	consistently	consistently	ADV
cjfa-48749	274	10	has	have	VERB
cjfa-48749	274	11	no	no	DET
cjfa-48749	274	12	effect	effect	NOUN
cjfa-48749	274	13	on	on	ADP
cjfa-48749	274	14	multiple	multiple	ADJ
cjfa-48749	274	15	proxies	proxy	NOUN
cjfa-48749	274	16	of	of	ADP
cjfa-48749	274	17	firm	firm	ADJ
cjfa-48749	274	18	value	value	NOUN
cjfa-48749	274	19	.	.	PUNCT
cjfa-48749	275	1	this	this	DET
cjfa-48749	275	2	result	result	NOUN
cjfa-48749	275	3	is	be	AUX
cjfa-48749	275	4	in	in	ADP
cjfa-48749	275	5	accordance	accordance	NOUN
cjfa-48749	275	6	with	with	ADP
cjfa-48749	275	7	(	(	PUNCT
cjfa-48749	275	8	ball	ball	NOUN
cjfa-48749	275	9	et	et	NOUN
cjfa-48749	275	10	al	al	PROPN
cjfa-48749	275	11	.	.	PROPN
cjfa-48749	275	12	,	,	PUNCT
cjfa-48749	275	13	2003	2003	NUM
cjfa-48749	275	14	)	)	PUNCT
cjfa-48749	275	15	who	who	PRON
cjfa-48749	275	16	suggested	suggest	VERB
cjfa-48749	275	17	that	that	SCONJ
cjfa-48749	275	18	financial	financial	ADJ
cjfa-48749	275	19	reporting	reporting	NOUN
cjfa-48749	275	20	in	in	ADP
cjfa-48749	275	21	hong	hong	PROPN
cjfa-48749	275	22	kong	kong	PROPN
cjfa-48749	275	23	,	,	PUNCT
cjfa-48749	275	24	malaysia	malaysia	PROPN
cjfa-48749	275	25	,	,	PUNCT
cjfa-48749	275	26	singapore	singapore	PROPN
cjfa-48749	275	27	,	,	PUNCT
cjfa-48749	275	28	and	and	CCONJ
cjfa-48749	275	29	thailand	thailand	PROPN
cjfa-48749	275	30	does	do	AUX
cjfa-48749	275	31	not	not	PART
cjfa-48749	275	32	include	include	VERB
cjfa-48749	275	33	the	the	DET
cjfa-48749	275	34	identification	identification	NOUN
cjfa-48749	275	35	of	of	ADP
cjfa-48749	275	36	economic	economic	ADJ
cjfa-48749	275	37	income	income	NOUN
cjfa-48749	275	38	,	,	PUNCT
cjfa-48749	275	39	especially	especially	ADV
cjfa-48749	275	40	economic	economic	ADJ
cjfa-48749	275	41	losses	loss	NOUN
cjfa-48749	275	42	,	,	PUNCT
cjfa-48749	275	43	in	in	ADP
cjfa-48749	275	44	a	a	DET
cjfa-48749	275	45	timely	timely	ADJ
cjfa-48749	275	46	manner	manner	NOUN
cjfa-48749	275	47	.	.	PUNCT
cjfa-48749	276	1	based	base	VERB
cjfa-48749	276	2	on	on	ADP
cjfa-48749	276	3	table	table	NOUN
cjfa-48749	276	4	4	4	NUM
cjfa-48749	276	5	,	,	PUNCT
cjfa-48749	276	6	em	em	PRON
cjfa-48749	276	7	shows	show	VERB
cjfa-48749	276	8	negative	negative	ADJ
cjfa-48749	276	9	significant	significant	ADJ
cjfa-48749	276	10	effect	effect	NOUN
cjfa-48749	276	11	on	on	ADP
cjfa-48749	276	12	share	share	NOUN
cjfa-48749	276	13	price	price	NOUN
cjfa-48749	276	14	,	,	PUNCT
cjfa-48749	276	15	pbv	pbv	VERB
cjfa-48749	276	16	,	,	PUNCT
cjfa-48749	276	17	and	and	CCONJ
cjfa-48749	276	18	tobin	tobin	PROPN
cjfa-48749	276	19	’s	’s	PART
cjfa-48749	276	20	q.	q.	PROPN
cjfa-48749	276	21	low	low	PROPN
cjfa-48749	276	22	em	em	PROPN
cjfa-48749	276	23	values	value	NOUN
cjfa-48749	276	24	associated	associate	VERB
cjfa-48749	276	25	with	with	ADP
cjfa-48749	276	26	high	high	ADJ
cjfa-48749	276	27	financial	financial	ADJ
cjfa-48749	276	28	reporting	reporting	NOUN
cjfa-48749	276	29	quality	quality	NOUN
cjfa-48749	276	30	(	(	PUNCT
cjfa-48749	276	31	frq	frq	PROPN
cjfa-48749	276	32	)	)	PUNCT
cjfa-48749	276	33	,	,	PUNCT
cjfa-48749	276	34	therefore	therefore	ADV
cjfa-48749	276	35	frq	frq	PROPN
cjfa-48749	276	36	has	have	VERB
cjfa-48749	276	37	positive	positive	ADJ
cjfa-48749	276	38	and	and	CCONJ
cjfa-48749	276	39	significant	significant	ADJ
cjfa-48749	276	40	effect	effect	NOUN
cjfa-48749	276	41	on	on	ADP
cjfa-48749	276	42	firm	firm	ADJ
cjfa-48749	276	43	value	value	NOUN
cjfa-48749	276	44	,	,	PUNCT
cjfa-48749	276	45	so	so	ADV
cjfa-48749	276	46	ha2	ha2	PROPN
cjfa-48749	276	47	,	,	PUNCT
cjfa-48749	276	48	ha4	ha4	NOUN
cjfa-48749	276	49	,	,	PUNCT
cjfa-48749	276	50	and	and	CCONJ
cjfa-48749	276	51	ha6	ha6	PROPN
cjfa-48749	276	52	are	be	AUX
cjfa-48749	276	53	accepted	accept	VERB
cjfa-48749	276	54	.	.	PUNCT
cjfa-48749	277	1	this	this	DET
cjfa-48749	277	2	result	result	NOUN
cjfa-48749	277	3	is	be	AUX
cjfa-48749	277	4	in	in	ADP
cjfa-48749	277	5	line	line	NOUN
cjfa-48749	277	6	with	with	ADP
cjfa-48749	277	7	(	(	PUNCT
cjfa-48749	277	8	leung	leung	PROPN
cjfa-48749	277	9	,	,	PUNCT
cjfa-48749	277	10	2016	2016	NUM
cjfa-48749	277	11	)	)	PUNCT
cjfa-48749	277	12	,	,	PUNCT
cjfa-48749	277	13	whose	whose	DET
cjfa-48749	277	14	research	research	NOUN
cjfa-48749	277	15	on	on	ADP
cjfa-48749	277	16	canadian	canadian	ADJ
cjfa-48749	277	17	firms	firm	NOUN
cjfa-48749	277	18	found	find	VERB
cjfa-48749	277	19	that	that	SCONJ
cjfa-48749	277	20	accounting	accounting	NOUN
cjfa-48749	277	21	quality	quality	NOUN
cjfa-48749	277	22	and	and	CCONJ
cjfa-48749	277	23	firm	firm	ADJ
cjfa-48749	277	24	value	value	NOUN
cjfa-48749	277	25	has	have	AUX
cjfa-48749	277	26	increased	increase	VERB
cjfa-48749	277	27	after	after	ADP
cjfa-48749	277	28	ifrs	ifrs	NOUN
cjfa-48749	277	29	adoption	adoption	NOUN
cjfa-48749	277	30	,	,	PUNCT
cjfa-48749	277	31	and	and	CCONJ
cjfa-48749	277	32	(	(	PUNCT
cjfa-48749	277	33	fernandes	fernandes	PROPN
cjfa-48749	277	34	&	&	CCONJ
cjfa-48749	277	35	ferreira	ferreira	PROPN
cjfa-48749	277	36	,	,	PUNCT
cjfa-48749	277	37	2011	2011	NUM
cjfa-48749	277	38	)	)	PUNCT
cjfa-48749	277	39	who	who	PRON
cjfa-48749	277	40	found	find	VERB
cjfa-48749	277	41	negative	negative	ADJ
cjfa-48749	277	42	relation	relation	NOUN
cjfa-48749	277	43	between	between	ADP
cjfa-48749	277	44	earnings	earning	NOUN
cjfa-48749	277	45	management	management	NOUN
cjfa-48749	277	46	and	and	CCONJ
cjfa-48749	277	47	firm	firm	ADJ
cjfa-48749	277	48	valuation	valuation	NOUN
cjfa-48749	277	49	based	base	VERB
cjfa-48749	277	50	on	on	ADP
cjfa-48749	277	51	data	datum	NOUN
cjfa-48749	277	52	from	from	ADP
cjfa-48749	277	53	43	43	NUM
cjfa-48749	277	54	countries	country	NOUN
cjfa-48749	277	55	.	.	PUNCT
cjfa-48749	278	1	der	der	NOUN
cjfa-48749	278	2	consistently	consistently	ADV
cjfa-48749	278	3	show	show	VERB
cjfa-48749	278	4	negative	negative	ADJ
cjfa-48749	278	5	effect	effect	NOUN
cjfa-48749	278	6	on	on	ADP
cjfa-48749	278	7	firm	firm	ADJ
cjfa-48749	278	8	value	value	NOUN
cjfa-48749	278	9	on	on	ADP
cjfa-48749	278	10	all	all	DET
cjfa-48749	278	11	equation	equation	NOUN
cjfa-48749	278	12	,	,	PUNCT
cjfa-48749	278	13	with	with	ADP
cjfa-48749	278	14	significant	significant	ADJ
cjfa-48749	278	15	negative	negative	ADJ
cjfa-48749	278	16	effect	effect	NOUN
cjfa-48749	278	17	only	only	ADV
cjfa-48749	278	18	on	on	ADP
cjfa-48749	278	19	pbv	pbv	ADJ
cjfa-48749	278	20	.	.	PUNCT
cjfa-48749	279	1	on	on	ADP
cjfa-48749	279	2	the	the	DET
cjfa-48749	279	3	other	other	ADJ
cjfa-48749	279	4	hand	hand	NOUN
cjfa-48749	279	5	,	,	PUNCT
cjfa-48749	279	6	both	both	DET
cjfa-48749	279	7	size	size	NOUN
cjfa-48749	279	8	and	and	CCONJ
cjfa-48749	279	9	roa	roa	PROPN
cjfa-48749	279	10	consistently	consistently	ADV
cjfa-48749	279	11	have	have	VERB
cjfa-48749	279	12	positive	positive	ADJ
cjfa-48749	279	13	and	and	CCONJ
cjfa-48749	279	14	significant	significant	ADJ
cjfa-48749	279	15	effect	effect	NOUN
cjfa-48749	279	16	on	on	ADP
cjfa-48749	279	17	all	all	DET
cjfa-48749	279	18	proxies	proxy	NOUN
cjfa-48749	279	19	of	of	ADP
cjfa-48749	279	20	firm	firm	ADJ
cjfa-48749	279	21	value	value	NOUN
cjfa-48749	279	22	,	,	PUNCT
cjfa-48749	279	23	which	which	PRON
cjfa-48749	279	24	shows	show	VERB
cjfa-48749	279	25	that	that	SCONJ
cjfa-48749	279	26	higher	high	ADJ
cjfa-48749	279	27	firm	firm	ADJ
cjfa-48749	279	28	value	value	NOUN
cjfa-48749	279	29	is	be	AUX
cjfa-48749	279	30	caused	cause	VERB
cjfa-48749	279	31	by	by	ADP
cjfa-48749	279	32	company	company	NOUN
cjfa-48749	279	33	’s	’s	PART
cjfa-48749	279	34	assets	asset	NOUN
cjfa-48749	279	35	and	and	CCONJ
cjfa-48749	279	36	net	net	ADJ
cjfa-48749	279	37	income	income	NOUN
cjfa-48749	279	38	.	.	PUNCT
cjfa-48749	280	1	the	the	DET
cjfa-48749	280	2	regression	regression	NOUN
cjfa-48749	280	3	equation	equation	NOUN
cjfa-48749	280	4	was	be	AUX
cjfa-48749	280	5	derived	derive	VERB
cjfa-48749	280	6	based	base	VERB
cjfa-48749	280	7	on	on	ADP
cjfa-48749	280	8	the	the	DET
cjfa-48749	280	9	results	result	NOUN
cjfa-48749	280	10	of	of	ADP
cjfa-48749	280	11	the	the	DET
cjfa-48749	280	12	t	t	NOUN
cjfa-48749	280	13	-	-	PUNCT
cjfa-48749	280	14	statistical	statistical	ADJ
cjfa-48749	280	15	test	test	NOUN
cjfa-48749	280	16	presented	present	VERB
cjfa-48749	280	17	in	in	ADP
cjfa-48749	280	18	table	table	NOUN
cjfa-48749	280	19	3	3	NUM
cjfa-48749	280	20	:	:	PUNCT
cjfa-48749	280	21	0.064	0.064	NUM
cjfa-48749	280	22	aq	aq	NOUN
cjfa-48749	280	23	0.154	0.154	NUM
cjfa-48749	280	24	em	em	PRON
cjfa-48749	280	25	0.093	0.093	NUM
cjfa-48749	280	26	der	der	NOUN
cjfa-48749	280	27	0.628	0.628	NUM
cjfa-48749	280	28	size	size	NOUN
cjfa-48749	280	29	0.246	0.246	NUM
cjfa-48749	280	30	roa	roa	PROPN
cjfa-48749	280	31	10	10	NUM
cjfa-48749	280	32	0.028	0.028	NUM
cjfa-48749	280	33	aq	aq	NOUN
cjfa-48749	280	34	0.304	0.304	NUM
cjfa-48749	280	35	em	em	PRON
cjfa-48749	280	36	0.261	0.261	NUM
cjfa-48749	280	37	der	der	NOUN
cjfa-48749	280	38	0.325	0.325	NUM
cjfa-48749	280	39	size	size	NOUN
cjfa-48749	280	40	0.352	0.352	NUM
cjfa-48749	280	41	roa	roa	NOUN
cjfa-48749	280	42	(	(	PUNCT
cjfa-48749	280	43	11	11	NUM
cjfa-48749	280	44	)	)	PUNCT
cjfa-48749	280	45	0.025	0.025	NUM
cjfa-48749	280	46	aq	aq	NOUN
cjfa-48749	280	47	0.243	0.243	NUM
cjfa-48749	280	48	em	em	PRON
cjfa-48749	280	49	0.139	0.139	NUM
cjfa-48749	280	50	der	der	NOUN
cjfa-48749	280	51	0.338	0.338	NUM
cjfa-48749	280	52	size	size	NOUN
cjfa-48749	280	53	0.372	0.372	NUM
cjfa-48749	280	54	roa	roa	NOUN
cjfa-48749	280	55	(	(	PUNCT
cjfa-48749	280	56	12	12	NUM
cjfa-48749	280	57	)	)	PUNCT
cjfa-48749	280	58	0.021	0.021	NUM
cjfa-48749	280	59	aq	aq	NOUN
cjfa-48749	280	60	0.118	0.118	NUM
cjfa-48749	280	61	em	em	PRON
cjfa-48749	280	62	0.053	0.053	NUM
cjfa-48749	280	63	der	der	NOUN
cjfa-48749	280	64	0.775	0.775	NUM
cjfa-48749	280	65	size	size	NOUN
cjfa-48749	280	66	0.216	0.216	NUM
cjfa-48749	280	67	roa	roa	NOUN
cjfa-48749	280	68	(	(	PUNCT
cjfa-48749	280	69	13	13	NUM
cjfa-48749	280	70	)	)	PUNCT
cjfa-48749	280	71	table	table	NOUN
cjfa-48749	280	72	4	4	NUM
cjfa-48749	280	73	.	.	PUNCT
cjfa-48749	281	1	bivariate	bivariate	ADJ
cjfa-48749	281	2	analysis	analysis	NOUN
cjfa-48749	281	3	(	(	PUNCT
cjfa-48749	281	4	12	12	NUM
cjfa-48749	281	5	)	)	PUNCT
cjfa-48749	281	6	107	107	NUM
cjfa-48749	281	7	observations	observation	NOUN
cjfa-48749	281	8	reporting	reporting	NOUN
cjfa-48749	281	9	decrease	decrease	NOUN
cjfa-48749	281	10	in	in	ADP
cjfa-48749	281	11	operating	operate	VERB
cjfa-48749	281	12	cash	cash	NOUN
cjfa-48749	281	13	flows	flow	NOUN
cjfa-48749	281	14	with	with	ADP
cjfa-48749	281	15	average	average	ADJ
cjfa-48749	281	16	130	130	NUM
cjfa-48749	281	17	%	%	NOUN
cjfa-48749	281	18	.	.	PUNCT
cjfa-48749	282	1	high	high	ADJ
cjfa-48749	282	2	frq	frq	PROPN
cjfa-48749	282	3	is	be	AUX
cjfa-48749	282	4	observed	observe	VERB
cjfa-48749	282	5	in	in	ADP
cjfa-48749	282	6	aq	aq	NOUN
cjfa-48749	282	7	score	score	NOUN
cjfa-48749	282	8	,	,	PUNCT
cjfa-48749	282	9	which	which	PRON
cjfa-48749	282	10	means	mean	VERB
cjfa-48749	282	11	companies	company	NOUN
cjfa-48749	282	12	are	be	AUX
cjfa-48749	282	13	reporting	report	VERB
cjfa-48749	282	14	reduction	reduction	NOUN
cjfa-48749	282	15	in	in	ADP
cjfa-48749	282	16	revenue	revenue	NOUN
cjfa-48749	282	17	and	and	CCONJ
cjfa-48749	282	18	net	net	ADJ
cjfa-48749	282	19	income	income	NOUN
cjfa-48749	282	20	timely	timely	ADV
cjfa-48749	282	21	.	.	PUNCT
cjfa-48749	283	1	even	even	ADV
cjfa-48749	283	2	though	though	ADV
cjfa-48749	283	3	,	,	PUNCT
cjfa-48749	283	4	the	the	DET
cjfa-48749	283	5	quality	quality	NOUN
cjfa-48749	283	6	of	of	ADP
cjfa-48749	283	7	financial	financial	ADJ
cjfa-48749	283	8	reporting	reporting	NOUN
cjfa-48749	283	9	is	be	AUX
cjfa-48749	283	10	high	high	ADJ
cjfa-48749	283	11	,	,	PUNCT
cjfa-48749	283	12	investors	investor	NOUN
cjfa-48749	283	13	immediately	immediately	ADV
cjfa-48749	283	14	reacted	react	VERB
cjfa-48749	283	15	to	to	ADP
cjfa-48749	283	16	the	the	DET
cjfa-48749	283	17	negative	negative	ADJ
cjfa-48749	283	18	signal	signal	NOUN
cjfa-48749	283	19	of	of	ADP
cjfa-48749	283	20	lower	low	ADJ
cjfa-48749	283	21	revenue	revenue	NOUN
cjfa-48749	283	22	,	,	PUNCT
cjfa-48749	283	23	net	net	ADJ
cjfa-48749	283	24	income	income	NOUN
cjfa-48749	283	25	,	,	PUNCT
cjfa-48749	283	26	and	and	CCONJ
cjfa-48749	283	27	operating	operate	VERB
cjfa-48749	283	28	cash	cash	NOUN
cjfa-48749	283	29	flows	flow	NOUN
cjfa-48749	283	30	.	.	PUNCT
cjfa-48749	284	1	this	this	DET
cjfa-48749	284	2	poor	poor	ADJ
cjfa-48749	284	3	financial	financial	ADJ
cjfa-48749	284	4	performance	performance	NOUN
cjfa-48749	284	5	caused	cause	VERB
cjfa-48749	284	6	investors	investor	NOUN
cjfa-48749	284	7	to	to	PART
cjfa-48749	284	8	sell	sell	VERB
cjfa-48749	284	9	their	their	PRON
cjfa-48749	284	10	investment	investment	NOUN
cjfa-48749	284	11	,	,	PUNCT
cjfa-48749	284	12	indicated	indicate	VERB
cjfa-48749	284	13	by	by	ADP
cjfa-48749	284	14	decreasing	decrease	VERB
cjfa-48749	284	15	in	in	ADP
cjfa-48749	284	16	share	share	NOUN
cjfa-48749	284	17	price	price	NOUN
cjfa-48749	284	18	of	of	ADP
cjfa-48749	284	19	4	4	NUM
cjfa-48749	284	20	%	%	NOUN
cjfa-48749	284	21	.	.	PUNCT
cjfa-48749	285	1	in	in	ADP
cjfa-48749	285	2	turn	turn	NOUN
cjfa-48749	285	3	,	,	PUNCT
cjfa-48749	285	4	pbv	pbv	VERB
cjfa-48749	285	5	also	also	ADV
cjfa-48749	285	6	decline	decline	VERB
cjfa-48749	285	7	by	by	ADP
cjfa-48749	285	8	2.5	2.5	NUM
cjfa-48749	285	9	%	%	NOUN
cjfa-48749	285	10	with	with	ADP
cjfa-48749	285	11	average	average	ADJ
cjfa-48749	285	12	pbv	pbv	VERB
cjfa-48749	285	13	only	only	ADV
cjfa-48749	285	14	1.11	1.11	NUM
cjfa-48749	285	15	,	,	PUNCT
cjfa-48749	285	16	and	and	CCONJ
cjfa-48749	285	17	tobin	tobin	PROPN
cjfa-48749	285	18	’s	’s	PART
cjfa-48749	285	19	q	q	NOUN
cjfa-48749	285	20	average	average	ADJ
cjfa-48749	285	21	only	only	ADV
cjfa-48749	285	22	1.06	1.06	NUM
cjfa-48749	285	23	,	,	PUNCT
cjfa-48749	285	24	which	which	PRON
cjfa-48749	285	25	shows	show	VERB
cjfa-48749	285	26	that	that	SCONJ
cjfa-48749	285	27	companies	company	NOUN
cjfa-48749	285	28	barely	barely	ADV
cjfa-48749	285	29	able	able	ADJ
cjfa-48749	285	30	to	to	PART
cjfa-48749	285	31	use	use	VERB
cjfa-48749	285	32	assets	asset	NOUN
cjfa-48749	285	33	to	to	PART
cjfa-48749	285	34	raise	raise	VERB
cjfa-48749	285	35	funding	funding	NOUN
cjfa-48749	285	36	from	from	ADP
cjfa-48749	285	37	creditors	creditor	NOUN
cjfa-48749	285	38	and	and	CCONJ
cjfa-48749	285	39	investors	investor	NOUN
cjfa-48749	285	40	.	.	PUNCT
cjfa-48749	286	1	this	this	DET
cjfa-48749	286	2	result	result	NOUN
cjfa-48749	286	3	is	be	AUX
cjfa-48749	286	4	in	in	ADP
cjfa-48749	286	5	line	line	NOUN
cjfa-48749	286	6	with	with	ADP
cjfa-48749	286	7	(	(	PUNCT
cjfa-48749	286	8	fambudi	fambudi	PROPN
cjfa-48749	286	9	&	&	CCONJ
cjfa-48749	286	10	fitriani	fitriani	NOUN
cjfa-48749	286	11	,	,	PUNCT
cjfa-48749	286	12	2020	2020	NUM
cjfa-48749	286	13	)	)	PUNCT
cjfa-48749	286	14	,	,	PUNCT
cjfa-48749	286	15	but	but	CCONJ
cjfa-48749	286	16	differ	differ	VERB
cjfa-48749	286	17	from	from	ADP
cjfa-48749	286	18	the	the	DET
cjfa-48749	286	19	result	result	NOUN
cjfa-48749	286	20	of	of	ADP
cjfa-48749	286	21	(	(	PUNCT
cjfa-48749	286	22	latif	latif	PROPN
cjfa-48749	286	23	et	et	PROPN
cjfa-48749	286	24	al	al	PROPN
cjfa-48749	286	25	.	.	PROPN
cjfa-48749	286	26	,	,	PUNCT
cjfa-48749	286	27	2017	2017	NUM
cjfa-48749	286	28	)	)	PUNCT
cjfa-48749	286	29	that	that	PRON
cjfa-48749	286	30	stated	state	VERB
cjfa-48749	286	31	accrual	accrual	ADJ
cjfa-48749	286	32	quality	quality	NOUN
cjfa-48749	286	33	improves	improve	VERB
cjfa-48749	286	34	firm	firm	ADJ
cjfa-48749	286	35	value	value	NOUN
cjfa-48749	286	36	on	on	ADP
cjfa-48749	286	37	pakistan	pakistan	PROPN
cjfa-48749	286	38	companies	company	NOUN
cjfa-48749	286	39	.	.	PUNCT
cjfa-48749	287	1	the	the	DET
cjfa-48749	287	2	results	result	NOUN
cjfa-48749	287	3	in	in	ADP
cjfa-48749	287	4	table	table	NOUN
cjfa-48749	287	5	3	3	NUM
cjfa-48749	287	6	shows	show	VERB
cjfa-48749	287	7	that	that	PRON
cjfa-48749	287	8	aq	aq	VERB
cjfa-48749	287	9	consistently	consistently	ADV
cjfa-48749	287	10	has	have	VERB
cjfa-48749	287	11	no	no	DET
cjfa-48749	287	12	effect	effect	NOUN
cjfa-48749	287	13	on	on	ADP
cjfa-48749	287	14	multiple	multiple	ADJ
cjfa-48749	287	15	proxies	proxy	NOUN
cjfa-48749	287	16	of	of	ADP
cjfa-48749	287	17	firm	firm	ADJ
cjfa-48749	287	18	value	value	NOUN
cjfa-48749	287	19	.	.	PUNCT
cjfa-48749	288	1	this	this	DET
cjfa-48749	288	2	result	result	NOUN
cjfa-48749	288	3	is	be	AUX
cjfa-48749	288	4	in	in	ADP
cjfa-48749	288	5	accordance	accordance	NOUN
cjfa-48749	288	6	with	with	ADP
cjfa-48749	288	7	(	(	PUNCT
cjfa-48749	288	8	ball	ball	NOUN
cjfa-48749	288	9	et	et	NOUN
cjfa-48749	288	10	al	al	PROPN
cjfa-48749	288	11	.	.	PROPN
cjfa-48749	288	12	,	,	PUNCT
cjfa-48749	288	13	2003	2003	NUM
cjfa-48749	288	14	)	)	PUNCT
cjfa-48749	288	15	who	who	PRON
cjfa-48749	288	16	suggested	suggest	VERB
cjfa-48749	288	17	that	that	SCONJ
cjfa-48749	288	18	financial	financial	ADJ
cjfa-48749	288	19	reporting	reporting	NOUN
cjfa-48749	288	20	in	in	ADP
cjfa-48749	288	21	hong	hong	PROPN
cjfa-48749	288	22	kong	kong	PROPN
cjfa-48749	288	23	,	,	PUNCT
cjfa-48749	288	24	malaysia	malaysia	PROPN
cjfa-48749	288	25	,	,	PUNCT
cjfa-48749	288	26	singapore	singapore	PROPN
cjfa-48749	288	27	,	,	PUNCT
cjfa-48749	288	28	and	and	CCONJ
cjfa-48749	288	29	thailand	thailand	PROPN
cjfa-48749	288	30	does	do	AUX
cjfa-48749	288	31	not	not	PART
cjfa-48749	288	32	include	include	VERB
cjfa-48749	288	33	the	the	DET
cjfa-48749	288	34	identification	identification	NOUN
cjfa-48749	288	35	of	of	ADP
cjfa-48749	288	36	economic	economic	ADJ
cjfa-48749	288	37	income	income	NOUN
cjfa-48749	288	38	,	,	PUNCT
cjfa-48749	288	39	especially	especially	ADV
cjfa-48749	288	40	economic	economic	ADJ
cjfa-48749	288	41	losses	loss	NOUN
cjfa-48749	288	42	,	,	PUNCT
cjfa-48749	288	43	in	in	ADP
cjfa-48749	288	44	a	a	DET
cjfa-48749	288	45	timely	timely	ADJ
cjfa-48749	288	46	manner	manner	NOUN
cjfa-48749	288	47	.	.	PUNCT
cjfa-48749	289	1	based	base	VERB
cjfa-48749	289	2	on	on	ADP
cjfa-48749	289	3	table	table	NOUN
cjfa-48749	289	4	4	4	NUM
cjfa-48749	289	5	,	,	PUNCT
cjfa-48749	289	6	em	em	PRON
cjfa-48749	289	7	shows	show	VERB
cjfa-48749	289	8	negative	negative	ADJ
cjfa-48749	289	9	significant	significant	ADJ
cjfa-48749	289	10	effect	effect	NOUN
cjfa-48749	289	11	on	on	ADP
cjfa-48749	289	12	share	share	NOUN
cjfa-48749	289	13	price	price	NOUN
cjfa-48749	289	14	,	,	PUNCT
cjfa-48749	289	15	pbv	pbv	VERB
cjfa-48749	289	16	,	,	PUNCT
cjfa-48749	289	17	and	and	CCONJ
cjfa-48749	289	18	tobin	tobin	PROPN
cjfa-48749	289	19	’s	’s	PART
cjfa-48749	289	20	q.	q.	PROPN
cjfa-48749	289	21	low	low	PROPN
cjfa-48749	289	22	em	em	PROPN
cjfa-48749	289	23	values	value	NOUN
cjfa-48749	289	24	associated	associate	VERB
cjfa-48749	289	25	with	with	ADP
cjfa-48749	289	26	high	high	ADJ
cjfa-48749	289	27	financial	financial	ADJ
cjfa-48749	289	28	reporting	reporting	NOUN
cjfa-48749	289	29	quality	quality	NOUN
cjfa-48749	289	30	(	(	PUNCT
cjfa-48749	289	31	frq	frq	PROPN
cjfa-48749	289	32	)	)	PUNCT
cjfa-48749	289	33	,	,	PUNCT
cjfa-48749	289	34	therefore	therefore	ADV
cjfa-48749	289	35	frq	frq	PROPN
cjfa-48749	289	36	has	have	VERB
cjfa-48749	289	37	positive	positive	ADJ
cjfa-48749	289	38	and	and	CCONJ
cjfa-48749	289	39	significant	significant	ADJ
cjfa-48749	289	40	effect	effect	NOUN
cjfa-48749	289	41	on	on	ADP
cjfa-48749	289	42	firm	firm	ADJ
cjfa-48749	289	43	value	value	NOUN
cjfa-48749	289	44	,	,	PUNCT
cjfa-48749	289	45	so	so	ADV
cjfa-48749	289	46	ha2	ha2	PROPN
cjfa-48749	289	47	,	,	PUNCT
cjfa-48749	289	48	ha4	ha4	NOUN
cjfa-48749	289	49	,	,	PUNCT
cjfa-48749	289	50	and	and	CCONJ
cjfa-48749	289	51	ha6	ha6	PROPN
cjfa-48749	289	52	are	be	AUX
cjfa-48749	289	53	accepted	accept	VERB
cjfa-48749	289	54	.	.	PUNCT
cjfa-48749	290	1	this	this	DET
cjfa-48749	290	2	result	result	NOUN
cjfa-48749	290	3	is	be	AUX
cjfa-48749	290	4	in	in	ADP
cjfa-48749	290	5	line	line	NOUN
cjfa-48749	290	6	with	with	ADP
cjfa-48749	290	7	(	(	PUNCT
cjfa-48749	290	8	leung	leung	PROPN
cjfa-48749	290	9	,	,	PUNCT
cjfa-48749	290	10	2016	2016	NUM
cjfa-48749	290	11	)	)	PUNCT
cjfa-48749	290	12	,	,	PUNCT
cjfa-48749	290	13	whose	whose	DET
cjfa-48749	290	14	research	research	NOUN
cjfa-48749	290	15	on	on	ADP
cjfa-48749	290	16	canadian	canadian	ADJ
cjfa-48749	290	17	firms	firm	NOUN
cjfa-48749	290	18	found	find	VERB
cjfa-48749	290	19	that	that	SCONJ
cjfa-48749	290	20	accounting	accounting	NOUN
cjfa-48749	290	21	quality	quality	NOUN
cjfa-48749	290	22	and	and	CCONJ
cjfa-48749	290	23	firm	firm	ADJ
cjfa-48749	290	24	value	value	NOUN
cjfa-48749	290	25	has	have	AUX
cjfa-48749	290	26	increased	increase	VERB
cjfa-48749	290	27	after	after	ADP
cjfa-48749	290	28	ifrs	ifrs	NOUN
cjfa-48749	290	29	adoption	adoption	NOUN
cjfa-48749	290	30	,	,	PUNCT
cjfa-48749	290	31	and	and	CCONJ
cjfa-48749	290	32	(	(	PUNCT
cjfa-48749	290	33	fernandes	fernandes	PROPN
cjfa-48749	290	34	&	&	CCONJ
cjfa-48749	290	35	ferreira	ferreira	PROPN
cjfa-48749	290	36	,	,	PUNCT
cjfa-48749	290	37	2011	2011	NUM
cjfa-48749	290	38	)	)	PUNCT
cjfa-48749	290	39	who	who	PRON
cjfa-48749	290	40	found	find	VERB
cjfa-48749	290	41	negative	negative	ADJ
cjfa-48749	290	42	relation	relation	NOUN
cjfa-48749	290	43	between	between	ADP
cjfa-48749	290	44	earnings	earning	NOUN
cjfa-48749	290	45	management	management	NOUN
cjfa-48749	290	46	and	and	CCONJ
cjfa-48749	290	47	firm	firm	ADJ
cjfa-48749	290	48	valuation	valuation	NOUN
cjfa-48749	290	49	based	base	VERB
cjfa-48749	290	50	on	on	ADP
cjfa-48749	290	51	data	datum	NOUN
cjfa-48749	290	52	from	from	ADP
cjfa-48749	290	53	43	43	NUM
cjfa-48749	290	54	countries	country	NOUN
cjfa-48749	290	55	.	.	PUNCT
cjfa-48749	291	1	der	der	NOUN
cjfa-48749	291	2	consistently	consistently	ADV
cjfa-48749	291	3	show	show	VERB
cjfa-48749	291	4	negative	negative	ADJ
cjfa-48749	291	5	effect	effect	NOUN
cjfa-48749	291	6	on	on	ADP
cjfa-48749	291	7	firm	firm	ADJ
cjfa-48749	291	8	value	value	NOUN
cjfa-48749	291	9	on	on	ADP
cjfa-48749	291	10	all	all	DET
cjfa-48749	291	11	equation	equation	NOUN
cjfa-48749	291	12	,	,	PUNCT
cjfa-48749	291	13	with	with	ADP
cjfa-48749	291	14	significant	significant	ADJ
cjfa-48749	291	15	negative	negative	ADJ
cjfa-48749	291	16	effect	effect	NOUN
cjfa-48749	291	17	only	only	ADV
cjfa-48749	291	18	on	on	ADP
cjfa-48749	291	19	pbv	pbv	ADJ
cjfa-48749	291	20	.	.	PUNCT
cjfa-48749	292	1	on	on	ADP
cjfa-48749	292	2	the	the	DET
cjfa-48749	292	3	other	other	ADJ
cjfa-48749	292	4	hand	hand	NOUN
cjfa-48749	292	5	,	,	PUNCT
cjfa-48749	292	6	both	both	DET
cjfa-48749	292	7	size	size	NOUN
cjfa-48749	292	8	and	and	CCONJ
cjfa-48749	292	9	roa	roa	PROPN
cjfa-48749	292	10	consistently	consistently	ADV
cjfa-48749	292	11	have	have	VERB
cjfa-48749	292	12	positive	positive	ADJ
cjfa-48749	292	13	and	and	CCONJ
cjfa-48749	292	14	significant	significant	ADJ
cjfa-48749	292	15	effect	effect	NOUN
cjfa-48749	292	16	on	on	ADP
cjfa-48749	292	17	all	all	DET
cjfa-48749	292	18	proxies	proxy	NOUN
cjfa-48749	292	19	of	of	ADP
cjfa-48749	292	20	firm	firm	ADJ
cjfa-48749	292	21	value	value	NOUN
cjfa-48749	292	22	,	,	PUNCT
cjfa-48749	292	23	which	which	PRON
cjfa-48749	292	24	shows	show	VERB
cjfa-48749	292	25	that	that	SCONJ
cjfa-48749	292	26	higher	high	ADJ
cjfa-48749	292	27	firm	firm	ADJ
cjfa-48749	292	28	value	value	NOUN
cjfa-48749	292	29	is	be	AUX
cjfa-48749	292	30	caused	cause	VERB
cjfa-48749	292	31	by	by	ADP
cjfa-48749	292	32	company	company	NOUN
cjfa-48749	292	33	’s	’s	PART
cjfa-48749	292	34	assets	asset	NOUN
cjfa-48749	292	35	and	and	CCONJ
cjfa-48749	292	36	net	net	ADJ
cjfa-48749	292	37	income	income	NOUN
cjfa-48749	292	38	.	.	PUNCT
cjfa-48749	293	1	the	the	DET
cjfa-48749	293	2	regression	regression	NOUN
cjfa-48749	293	3	equation	equation	NOUN
cjfa-48749	293	4	was	be	AUX
cjfa-48749	293	5	derived	derive	VERB
cjfa-48749	293	6	based	base	VERB
cjfa-48749	293	7	on	on	ADP
cjfa-48749	293	8	the	the	DET
cjfa-48749	293	9	results	result	NOUN
cjfa-48749	293	10	of	of	ADP
cjfa-48749	293	11	the	the	DET
cjfa-48749	293	12	t	t	NOUN
cjfa-48749	293	13	-	-	PUNCT
cjfa-48749	293	14	statistical	statistical	ADJ
cjfa-48749	293	15	test	test	NOUN
cjfa-48749	293	16	presented	present	VERB
cjfa-48749	293	17	in	in	ADP
cjfa-48749	293	18	table	table	NOUN
cjfa-48749	293	19	3	3	NUM
cjfa-48749	293	20	:	:	PUNCT
cjfa-48749	293	21	0.064	0.064	NUM
cjfa-48749	293	22	aq	aq	NOUN
cjfa-48749	293	23	0.154	0.154	NUM
cjfa-48749	293	24	em	em	PRON
cjfa-48749	293	25	0.093	0.093	NUM
cjfa-48749	293	26	der	der	NOUN
cjfa-48749	293	27	0.628	0.628	NUM
cjfa-48749	293	28	size	size	NOUN
cjfa-48749	293	29	0.246	0.246	NUM
cjfa-48749	293	30	roa	roa	PROPN
cjfa-48749	293	31	10	10	NUM
cjfa-48749	293	32	0.028	0.028	NUM
cjfa-48749	293	33	aq	aq	NOUN
cjfa-48749	293	34	0.304	0.304	NUM
cjfa-48749	293	35	em	em	PRON
cjfa-48749	293	36	0.261	0.261	NUM
cjfa-48749	293	37	der	der	NOUN
cjfa-48749	293	38	0.325	0.325	NUM
cjfa-48749	293	39	size	size	NOUN
cjfa-48749	293	40	0.352	0.352	NUM
cjfa-48749	293	41	roa	roa	NOUN
cjfa-48749	293	42	(	(	PUNCT
cjfa-48749	293	43	11	11	NUM
cjfa-48749	293	44	)	)	PUNCT
cjfa-48749	293	45	0.025	0.025	NUM
cjfa-48749	293	46	aq	aq	NOUN
cjfa-48749	293	47	0.243	0.243	NUM
cjfa-48749	293	48	em	em	PRON
cjfa-48749	293	49	0.139	0.139	NUM
cjfa-48749	293	50	der	der	NOUN
cjfa-48749	293	51	0.338	0.338	NUM
cjfa-48749	293	52	size	size	NOUN
cjfa-48749	293	53	0.372	0.372	NUM
cjfa-48749	293	54	roa	roa	NOUN
cjfa-48749	293	55	(	(	PUNCT
cjfa-48749	293	56	12	12	NUM
cjfa-48749	293	57	)	)	PUNCT
cjfa-48749	293	58	0.021	0.021	NUM
cjfa-48749	293	59	aq	aq	NOUN
cjfa-48749	293	60	0.118	0.118	NUM
cjfa-48749	293	61	em	em	PRON
cjfa-48749	293	62	0.053	0.053	NUM
cjfa-48749	293	63	der	der	NOUN
cjfa-48749	293	64	0.775	0.775	NUM
cjfa-48749	293	65	size	size	NOUN
cjfa-48749	293	66	0.216	0.216	NUM
cjfa-48749	293	67	roa	roa	NOUN
cjfa-48749	293	68	(	(	PUNCT
cjfa-48749	293	69	13	13	NUM
cjfa-48749	293	70	)	)	PUNCT
cjfa-48749	293	71	table	table	NOUN
cjfa-48749	293	72	4	4	NUM
cjfa-48749	293	73	.	.	PUNCT
cjfa-48749	293	74	bivariate	bivariate	ADJ
cjfa-48749	293	75	analysis	analysis	NOUN
cjfa-48749	293	76	(	(	PUNCT
cjfa-48749	293	77	13	13	NUM
cjfa-48749	293	78	)	)	PUNCT
cjfa-48749	293	79	table	table	NOUN
cjfa-48749	293	80	4	4	NUM
cjfa-48749	293	81	.	.	PUNCT
cjfa-48749	294	1	bivariate	bivariate	ADJ
cjfa-48749	294	2	analysis	analysis	NOUN
cjfa-48749	294	3	price	price	NOUN
cjfa-48749	294	4	pbv	pbv	VERB
cjfa-48749	294	5	tbq	tbq	NOUN
cjfa-48749	294	6	mva	mva	NOUN
cjfa-48749	294	7	aq	aq	VERB
cjfa-48749	294	8	em	em	PROPN
cjfa-48749	294	9	size	size	NOUN
cjfa-48749	294	10	der	der	PROPN
cjfa-48749	294	11	roa	roa	PROPN
cjfa-48749	294	12	price	price	NOUN
cjfa-48749	294	13	1	1	NUM
cjfa-48749	294	14	pbv	pbv	VERB
cjfa-48749	294	15	0.220	0.220	NUM
cjfa-48749	294	16	*	*	NOUN
cjfa-48749	294	17	*	*	SYM
cjfa-48749	294	18	1	1	NUM
cjfa-48749	294	19	tbq	tbq	NOUN
cjfa-48749	294	20	0.224	0.224	NUM
cjfa-48749	294	21	*	*	PUNCT
cjfa-48749	294	22	*	*	PUNCT
cjfa-48749	294	23	0.962	0.962	NUM
cjfa-48749	294	24	*	*	NOUN
cjfa-48749	294	25	*	*	SYM
cjfa-48749	294	26	1	1	NUM
cjfa-48749	294	27	mva	mva	NOUN
cjfa-48749	294	28	0.266	0.266	NUM
cjfa-48749	294	29	*	*	NOUN
cjfa-48749	294	30	*	*	PUNCT
cjfa-48749	294	31	0.388	0.388	NUM
cjfa-48749	294	32	*	*	PUNCT
cjfa-48749	294	33	*	*	NOUN
cjfa-48749	294	34	0.536	0.536	NUM
cjfa-48749	294	35	*	*	PUNCT
cjfa-48749	294	36	*	*	SYM
cjfa-48749	294	37	1	1	NUM
cjfa-48749	294	38	aq	aq	NOUN
cjfa-48749	294	39	-0.026	-0.026	PUNCT
cjfa-48749	294	40	0.178	0.178	NUM
cjfa-48749	294	41	*	*	PUNCT
cjfa-48749	294	42	0.167	0.167	NUM
cjfa-48749	294	43	*	*	SYM
cjfa-48749	294	44	0.069	0.069	NUM
cjfa-48749	294	45	1	1	NUM
cjfa-48749	294	46	em	em	PRON
cjfa-48749	294	47	0.617	0.617	NUM
cjfa-48749	294	48	*	*	PUNCT
cjfa-48749	294	49	*	*	PUNCT
cjfa-48749	295	1	-0.018	-0.018	NOUN
cjfa-48749	295	2	-0.005	-0.005	PUNCT
cjfa-48749	295	3	0.132	0.132	NUM
cjfa-48749	295	4	-0.066	-0.066	NOUN
cjfa-48749	295	5	1	1	NUM
cjfa-48749	295	6	size	size	NOUN
cjfa-48749	295	7	0.457	0.457	NUM
cjfa-48749	295	8	*	*	NOUN
cjfa-48749	295	9	*	*	PUNCT
cjfa-48749	295	10	0.165	0.165	NUM
cjfa-48749	295	11	*	*	PUNCT
cjfa-48749	295	12	0.243	0.243	NUM
cjfa-48749	295	13	*	*	PUNCT
cjfa-48749	295	14	*	*	PUNCT
cjfa-48749	295	15	0.483	0.483	NUM
cjfa-48749	295	16	*	*	PUNCT
cjfa-48749	295	17	*	*	NOUN
cjfa-48749	295	18	-0.122	-0.122	NUM
cjfa-48749	295	19	0.161	0.161	NUM
cjfa-48749	295	20	*	*	SYM
cjfa-48749	295	21	1	1	NUM
cjfa-48749	295	22	der	der	NOUN
cjfa-48749	295	23	-0.036	-0.036	PROPN
cjfa-48749	295	24	0.097	0.097	NUM
cjfa-48749	295	25	0.032	0.032	NUM
cjfa-48749	295	26	-0.057	-0.057	NUM
cjfa-48749	295	27	0.324	0.324	NUM
cjfa-48749	295	28	*	*	PUNCT
cjfa-48749	295	29	*	*	PUNCT
cjfa-48749	295	30	-0.084	-0.084	NOUN
cjfa-48749	295	31	0.035	0.035	NUM
cjfa-48749	295	32	1	1	NUM
cjfa-48749	295	33	roa	roa	NOUN
cjfa-48749	295	34	0.141	0.141	NUM
cjfa-48749	295	35	*	*	PUNCT
cjfa-48749	295	36	0.473	0.473	NUM
cjfa-48749	295	37	*	*	X
cjfa-48749	295	38	*	*	NOUN
cjfa-48749	295	39	0.489	0.489	NUM
cjfa-48749	295	40	*	*	PUNCT
cjfa-48749	295	41	*	*	PUNCT
cjfa-48749	295	42	0.278	0.278	NUM
cjfa-48749	295	43	*	*	X
cjfa-48749	295	44	*	*	PUNCT
cjfa-48749	295	45	0.324	0.324	NUM
cjfa-48749	295	46	*	*	PUNCT
cjfa-48749	295	47	0.031	0.031	NUM
cjfa-48749	295	48	0.075	0.075	NUM
cjfa-48749	295	49	-0.084	-0.084	NOUN
cjfa-48749	295	50	1	1	NUM
cjfa-48749	295	51	*	*	PUNCT
cjfa-48749	295	52	*	*	PUNCT
cjfa-48749	295	53	correlation	correlation	NOUN
cjfa-48749	295	54	is	be	AUX
cjfa-48749	295	55	significant	significant	ADJ
cjfa-48749	295	56	at	at	ADP
cjfa-48749	295	57	1	1	NUM
cjfa-48749	295	58	%	%	NOUN
cjfa-48749	295	59	level	level	NOUN
cjfa-48749	295	60	(	(	PUNCT
cjfa-48749	295	61	2	2	NUM
cjfa-48749	295	62	-	-	PUNCT
cjfa-48749	295	63	tailed	tailed	ADJ
cjfa-48749	295	64	)	)	PUNCT
cjfa-48749	295	65	*	*	PUNCT
cjfa-48749	296	1	correlation	correlation	NOUN
cjfa-48749	296	2	is	be	AUX
cjfa-48749	296	3	significant	significant	ADJ
cjfa-48749	296	4	at	at	ADP
cjfa-48749	296	5	5	5	NUM
cjfa-48749	296	6	%	%	NOUN
cjfa-48749	296	7	level	level	NOUN
cjfa-48749	296	8	(	(	PUNCT
cjfa-48749	296	9	2	2	NUM
cjfa-48749	296	10	-	-	PUNCT
cjfa-48749	296	11	tailed	tailed	ADJ
cjfa-48749	296	12	)	)	PUNCT
cjfa-48749	296	13	s	s	PART
cjfa-48749	296	14	o	o	NOUN
cjfa-48749	296	15	u	u	NOUN
cjfa-48749	296	16	r	r	NOUN
cjfa-48749	296	17	c	c	NOUN
cjfa-48749	296	18	e	e	NOUN
cjfa-48749	296	19	:	:	PUNCT
cjfa-48749	297	1	data	datum	NOUN
cjfa-48749	297	2	analyzed	analyze	VERB
cjfa-48749	297	3	.	.	PUNCT
cjfa-48749	298	1	based	base	VERB
cjfa-48749	298	2	on	on	ADP
cjfa-48749	298	3	table	table	NOUN
cjfa-48749	298	4	4	4	NUM
cjfa-48749	298	5	,	,	PUNCT
cjfa-48749	298	6	all	all	DET
cjfa-48749	298	7	four	four	NUM
cjfa-48749	298	8	proxies	proxy	NOUN
cjfa-48749	298	9	of	of	ADP
cjfa-48749	298	10	firm	firm	ADJ
cjfa-48749	298	11	value	value	NOUN
cjfa-48749	298	12	have	have	VERB
cjfa-48749	298	13	positive	positive	ADJ
cjfa-48749	298	14	and	and	CCONJ
cjfa-48749	298	15	significant	significant	ADJ
cjfa-48749	298	16	correlations	correlation	NOUN
cjfa-48749	298	17	with	with	ADP
cjfa-48749	298	18	each	each	DET
cjfa-48749	298	19	other	other	ADJ
cjfa-48749	298	20	.	.	PUNCT
cjfa-48749	299	1	this	this	PRON
cjfa-48749	299	2	implies	imply	VERB
cjfa-48749	299	3	that	that	SCONJ
cjfa-48749	299	4	any	any	PRON
cjfa-48749	299	5	of	of	ADP
cjfa-48749	299	6	the	the	DET
cjfa-48749	299	7	four	four	NUM
cjfa-48749	299	8	proxies	proxy	NOUN
cjfa-48749	299	9	can	can	AUX
cjfa-48749	299	10	be	be	AUX
cjfa-48749	299	11	used	use	VERB
cjfa-48749	299	12	interchangeably	interchangeably	ADV
cjfa-48749	299	13	in	in	ADP
cjfa-48749	299	14	measuring	measure	VERB
cjfa-48749	299	15	firm	firm	ADJ
cjfa-48749	299	16	value	value	NOUN
cjfa-48749	299	17	.	.	PUNCT
cjfa-48749	300	1	aq	aq	PROPN
cjfa-48749	300	2	has	have	VERB
cjfa-48749	300	3	positive	positive	ADJ
cjfa-48749	300	4	significant	significant	ADJ
cjfa-48749	300	5	correlation	correlation	NOUN
cjfa-48749	300	6	with	with	ADP
cjfa-48749	300	7	pbv	pbv	NOUN
cjfa-48749	300	8	and	and	CCONJ
cjfa-48749	300	9	tobin	tobin	NOUN
cjfa-48749	300	10	’s	’s	PART
cjfa-48749	300	11	q	q	NOUN
cjfa-48749	300	12	,	,	PUNCT
cjfa-48749	300	13	positive	positive	ADJ
cjfa-48749	300	14	but	but	CCONJ
cjfa-48749	300	15	insignificant	insignificant	ADJ
cjfa-48749	300	16	correlation	correlation	NOUN
cjfa-48749	300	17	with	with	ADP
cjfa-48749	300	18	mva	mva	NOUN
cjfa-48749	300	19	,	,	PUNCT
cjfa-48749	300	20	and	and	CCONJ
cjfa-48749	300	21	negative	negative	ADJ
cjfa-48749	300	22	insignificant	insignificant	ADJ
cjfa-48749	300	23	correlation	correlation	NOUN
cjfa-48749	300	24	with	with	ADP
cjfa-48749	300	25	share	share	NOUN
cjfa-48749	300	26	price	price	NOUN
cjfa-48749	300	27	.	.	PUNCT
cjfa-48749	301	1	meanwhile	meanwhile	ADV
cjfa-48749	301	2	,	,	PUNCT
cjfa-48749	301	3	em	em	PRON
cjfa-48749	301	4	has	have	VERB
cjfa-48749	301	5	the	the	DET
cjfa-48749	301	6	analysis	analysis	NOUN
cjfa-48749	301	7	of	of	ADP
cjfa-48749	301	8	financial	financial	ADJ
cjfa-48749	301	9	reporting	reporting	NOUN
cjfa-48749	301	10	quality	quality	NOUN
cjfa-48749	301	11	and	and	CCONJ
cjfa-48749	301	12	firm	firm	ADJ
cjfa-48749	301	13	value	value	NOUN
cjfa-48749	301	14	3939	3939	NUM
cjfa-48749	301	15	negative	negative	ADJ
cjfa-48749	301	16	and	and	CCONJ
cjfa-48749	301	17	insignificant	insignificant	ADJ
cjfa-48749	301	18	relationship	relationship	NOUN
cjfa-48749	301	19	with	with	ADP
cjfa-48749	301	20	pbv	pbv	VERB
cjfa-48749	301	21	and	and	CCONJ
cjfa-48749	301	22	tobin	tobin	NOUN
cjfa-48749	301	23	’s	’s	PART
cjfa-48749	301	24	q	q	NOUN
cjfa-48749	301	25	,	,	PUNCT
cjfa-48749	301	26	positive	positive	ADJ
cjfa-48749	301	27	and	and	CCONJ
cjfa-48749	301	28	insignificant	insignificant	ADJ
cjfa-48749	301	29	relationship	relationship	NOUN
cjfa-48749	301	30	with	with	ADP
cjfa-48749	301	31	mva	mva	NOUN
cjfa-48749	301	32	,	,	PUNCT
cjfa-48749	301	33	and	and	CCONJ
cjfa-48749	301	34	only	only	ADV
cjfa-48749	301	35	positive	positive	ADJ
cjfa-48749	301	36	significant	significant	ADJ
cjfa-48749	301	37	correlation	correlation	NOUN
cjfa-48749	301	38	with	with	ADP
cjfa-48749	301	39	share	share	NOUN
cjfa-48749	301	40	price	price	NOUN
cjfa-48749	301	41	.	.	PUNCT
cjfa-48749	301	42	 	 	SPACE
cjfa-48749	302	1	conclusion	conclusion	NOUN
cjfa-48749	302	2	 	 	SPACE
cjfa-48749	302	3	conclusion	conclusion	NOUN
cjfa-48749	302	4	in	in	ADP
cjfa-48749	302	5	this	this	DET
cjfa-48749	302	6	study	study	NOUN
cjfa-48749	302	7	,	,	PUNCT
cjfa-48749	302	8	financial	financial	ADJ
cjfa-48749	302	9	reporting	reporting	NOUN
cjfa-48749	302	10	quality	quality	NOUN
cjfa-48749	302	11	(	(	PUNCT
cjfa-48749	302	12	frq	frq	PROPN
cjfa-48749	302	13	)	)	PUNCT
cjfa-48749	302	14	is	be	AUX
cjfa-48749	302	15	measured	measure	VERB
cjfa-48749	302	16	using	use	VERB
cjfa-48749	302	17	two	two	NUM
cjfa-48749	302	18	proxies	proxy	NOUN
cjfa-48749	302	19	,	,	PUNCT
cjfa-48749	302	20	accrual	accrual	ADJ
cjfa-48749	302	21	quality	quality	NOUN
cjfa-48749	302	22	(	(	PUNCT
cjfa-48749	302	23	aq	aq	NOUN
cjfa-48749	302	24	)	)	PUNCT
cjfa-48749	302	25	through	through	ADP
cjfa-48749	302	26	ball	ball	NOUN
cjfa-48749	302	27	-	-	PUNCT
cjfa-48749	302	28	shivakumar	shivakumar	PROPN
cjfa-48749	302	29	model	model	NOUN
cjfa-48749	302	30	and	and	CCONJ
cjfa-48749	302	31	earnings	earning	NOUN
cjfa-48749	302	32	management	management	NOUN
cjfa-48749	302	33	(	(	PUNCT
cjfa-48749	302	34	em	em	NOUN
cjfa-48749	302	35	)	)	PUNCT
cjfa-48749	302	36	through	through	ADP
cjfa-48749	302	37	modified	modify	VERB
cjfa-48749	302	38	jones	jones	PROPN
cjfa-48749	302	39	model	model	PROPN
cjfa-48749	302	40	.	.	PUNCT
cjfa-48749	303	1	aq	aq	AUX
cjfa-48749	303	2	measured	measure	VERB
cjfa-48749	303	3	frq	frq	PROPN
cjfa-48749	303	4	based	base	VERB
cjfa-48749	303	5	on	on	ADP
cjfa-48749	303	6	timeliness	timeliness	NOUN
cjfa-48749	303	7	in	in	ADP
cjfa-48749	303	8	reporting	report	VERB
cjfa-48749	303	9	loss	loss	NOUN
cjfa-48749	303	10	,	,	PUNCT
cjfa-48749	303	11	which	which	PRON
cjfa-48749	303	12	can	can	AUX
cjfa-48749	303	13	affect	affect	VERB
cjfa-48749	303	14	management	management	NOUN
cjfa-48749	303	15	investing	investing	NOUN
cjfa-48749	303	16	decisions	decision	NOUN
cjfa-48749	303	17	and	and	CCONJ
cjfa-48749	303	18	debt	debt	NOUN
cjfa-48749	303	19	agreement	agreement	NOUN
cjfa-48749	303	20	.	.	PUNCT
cjfa-48749	304	1	em	em	PRON
cjfa-48749	304	2	measured	measure	VERB
cjfa-48749	304	3	frq	frq	PROPN
cjfa-48749	304	4	based	base	VERB
cjfa-48749	304	5	on	on	ADP
cjfa-48749	304	6	discretionary	discretionary	ADJ
cjfa-48749	304	7	component	component	NOUN
cjfa-48749	304	8	of	of	ADP
cjfa-48749	304	9	accruals	accrual	NOUN
cjfa-48749	304	10	which	which	PRON
cjfa-48749	304	11	indicated	indicate	VERB
cjfa-48749	304	12	accounting	accounting	NOUN
cjfa-48749	304	13	manipulation	manipulation	NOUN
cjfa-48749	304	14	.	.	PUNCT
cjfa-48749	305	1	based	base	VERB
cjfa-48749	305	2	on	on	ADP
cjfa-48749	305	3	the	the	DET
cjfa-48749	305	4	results	result	NOUN
cjfa-48749	305	5	,	,	PUNCT
cjfa-48749	305	6	only	only	ADV
cjfa-48749	305	7	em	em	PRON
cjfa-48749	305	8	has	have	VERB
cjfa-48749	305	9	negative	negative	ADJ
cjfa-48749	305	10	and	and	CCONJ
cjfa-48749	305	11	significant	significant	ADJ
cjfa-48749	305	12	effect	effect	NOUN
cjfa-48749	305	13	on	on	ADP
cjfa-48749	305	14	firm	firm	ADJ
cjfa-48749	305	15	value	value	NOUN
cjfa-48749	305	16	.	.	PUNCT
cjfa-48749	306	1	low	low	ADV
cjfa-48749	306	2	em	em	PRON
cjfa-48749	306	3	indicated	indicate	VERB
cjfa-48749	306	4	high	high	ADJ
cjfa-48749	306	5	frq	frq	NOUN
cjfa-48749	306	6	,	,	PUNCT
cjfa-48749	306	7	or	or	CCONJ
cjfa-48749	306	8	suggest	suggest	VERB
cjfa-48749	306	9	that	that	SCONJ
cjfa-48749	306	10	companies	company	NOUN
cjfa-48749	306	11	did	do	AUX
cjfa-48749	306	12	n’t	not	PART
cjfa-48749	306	13	do	do	VERB
cjfa-48749	306	14	accounting	accounting	NOUN
cjfa-48749	306	15	manipulation	manipulation	NOUN
cjfa-48749	306	16	,	,	PUNCT
cjfa-48749	306	17	and	and	CCONJ
cjfa-48749	306	18	investors	investor	NOUN
cjfa-48749	306	19	reacted	react	VERB
cjfa-48749	306	20	positively	positively	ADV
cjfa-48749	306	21	to	to	ADP
cjfa-48749	306	22	it	it	PRON
cjfa-48749	306	23	.	.	PUNCT
cjfa-48749	307	1	on	on	ADP
cjfa-48749	307	2	the	the	DET
cjfa-48749	307	3	other	other	ADJ
cjfa-48749	307	4	hand	hand	NOUN
cjfa-48749	307	5	,	,	PUNCT
cjfa-48749	307	6	data	datum	NOUN
cjfa-48749	307	7	in	in	ADP
cjfa-48749	307	8	this	this	DET
cjfa-48749	307	9	study	study	NOUN
cjfa-48749	307	10	shows	show	VERB
cjfa-48749	307	11	that	that	SCONJ
cjfa-48749	307	12	majority	majority	NOUN
cjfa-48749	307	13	of	of	ADP
cjfa-48749	307	14	companies	company	NOUN
cjfa-48749	307	15	reported	report	VERB
cjfa-48749	307	16	low	low	ADJ
cjfa-48749	307	17	aq	aq	NOUN
cjfa-48749	307	18	,	,	PUNCT
cjfa-48749	307	19	which	which	PRON
cjfa-48749	307	20	mean	mean	VERB
cjfa-48749	307	21	most	most	ADJ
cjfa-48749	307	22	companies	company	NOUN
cjfa-48749	307	23	recognized	recognize	VERB
cjfa-48749	307	24	loss	loss	NOUN
cjfa-48749	307	25	timely	timely	ADV
cjfa-48749	307	26	.	.	PUNCT
cjfa-48749	308	1	however	however	ADV
cjfa-48749	308	2	,	,	PUNCT
cjfa-48749	308	3	this	this	PRON
cjfa-48749	308	4	causes	cause	VERB
cjfa-48749	308	5	a	a	DET
cjfa-48749	308	6	reduction	reduction	NOUN
cjfa-48749	308	7	in	in	ADP
cjfa-48749	308	8	net	net	ADJ
cjfa-48749	308	9	income	income	NOUN
cjfa-48749	308	10	and	and	CCONJ
cjfa-48749	308	11	negative	negative	ADJ
cjfa-48749	308	12	reaction	reaction	NOUN
cjfa-48749	308	13	from	from	ADP
cjfa-48749	308	14	investors	investor	NOUN
cjfa-48749	308	15	,	,	PUNCT
cjfa-48749	308	16	which	which	PRON
cjfa-48749	308	17	lead	lead	VERB
cjfa-48749	308	18	to	to	ADP
cjfa-48749	308	19	reduction	reduction	NOUN
cjfa-48749	308	20	in	in	ADP
cjfa-48749	308	21	firm	firm	ADJ
cjfa-48749	308	22	value	value	NOUN
cjfa-48749	308	23	.	.	PUNCT
cjfa-48749	309	1	the	the	DET
cjfa-48749	309	2	results	result	NOUN
cjfa-48749	309	3	from	from	ADP
cjfa-48749	309	4	this	this	DET
cjfa-48749	309	5	research	research	NOUN
cjfa-48749	309	6	shows	show	VERB
cjfa-48749	309	7	that	that	SCONJ
cjfa-48749	309	8	a	a	DET
cjfa-48749	309	9	different	different	ADJ
cjfa-48749	309	10	proxy	proxy	NOUN
cjfa-48749	309	11	in	in	ADP
cjfa-48749	309	12	measuring	measure	VERB
cjfa-48749	309	13	frq	frq	PROPN
cjfa-48749	309	14	will	will	AUX
cjfa-48749	309	15	lead	lead	VERB
cjfa-48749	309	16	to	to	ADP
cjfa-48749	309	17	a	a	DET
cjfa-48749	309	18	different	different	ADJ
cjfa-48749	309	19	conclusion	conclusion	NOUN
cjfa-48749	309	20	whether	whether	SCONJ
cjfa-48749	309	21	frq	frq	PROPN
cjfa-48749	309	22	affects	affect	VERB
cjfa-48749	309	23	firm	firm	ADJ
cjfa-48749	309	24	value	value	NOUN
cjfa-48749	309	25	.	.	PUNCT
cjfa-48749	310	1	sample	sample	NOUN
cjfa-48749	310	2	companies	company	NOUN
cjfa-48749	310	3	in	in	ADP
cjfa-48749	310	4	this	this	DET
cjfa-48749	310	5	study	study	NOUN
cjfa-48749	310	6	reported	report	VERB
cjfa-48749	310	7	increasing	increase	VERB
cjfa-48749	310	8	aq	aq	NOUN
cjfa-48749	310	9	from	from	ADP
cjfa-48749	310	10	2018	2018	NUM
cjfa-48749	310	11	-	-	SYM
cjfa-48749	310	12	2021	2021	NUM
cjfa-48749	310	13	,	,	PUNCT
cjfa-48749	310	14	indicating	indicate	VERB
cjfa-48749	310	15	lower	low	ADJ
cjfa-48749	310	16	frq	frq	NOUN
cjfa-48749	310	17	,	,	PUNCT
cjfa-48749	310	18	while	while	SCONJ
cjfa-48749	310	19	em	em	PRON
cjfa-48749	310	20	actually	actually	ADV
cjfa-48749	310	21	decreasing	decrease	VERB
cjfa-48749	310	22	from	from	ADP
cjfa-48749	310	23	2018	2018	NUM
cjfa-48749	310	24	-	-	SYM
cjfa-48749	310	25	2021	2021	NUM
cjfa-48749	310	26	,	,	PUNCT
cjfa-48749	310	27	indicating	indicate	VERB
cjfa-48749	310	28	higher	high	ADJ
cjfa-48749	310	29	frq	frq	PROPN
cjfa-48749	310	30	.	.	PUNCT
cjfa-48749	311	1	it	it	PRON
cjfa-48749	311	2	shows	show	VERB
cjfa-48749	311	3	that	that	SCONJ
cjfa-48749	311	4	the	the	DET
cjfa-48749	311	5	development	development	NOUN
cjfa-48749	311	6	of	of	ADP
cjfa-48749	311	7	statement	statement	NOUN
cjfa-48749	311	8	of	of	ADP
cjfa-48749	311	9	financial	financial	ADJ
cjfa-48749	311	10	accounting	accounting	NOUN
cjfa-48749	311	11	standards	standard	NOUN
cjfa-48749	311	12	(	(	PUNCT
cjfa-48749	311	13	psak	psak	NOUN
cjfa-48749	311	14	)	)	PUNCT
cjfa-48749	311	15	actually	actually	ADV
cjfa-48749	311	16	lowers	lower	VERB
cjfa-48749	311	17	the	the	DET
cjfa-48749	311	18	earnings	earning	NOUN
cjfa-48749	311	19	management	management	NOUN
cjfa-48749	311	20	practices	practice	NOUN
cjfa-48749	311	21	done	do	VERB
cjfa-48749	311	22	by	by	ADP
cjfa-48749	311	23	managers	manager	NOUN
cjfa-48749	311	24	,	,	PUNCT
cjfa-48749	311	25	but	but	CCONJ
cjfa-48749	311	26	have	have	VERB
cjfa-48749	311	27	no	no	DET
cjfa-48749	311	28	impact	impact	NOUN
cjfa-48749	311	29	in	in	ADP
cjfa-48749	311	30	timeliness	timeliness	NOUN
cjfa-48749	311	31	of	of	ADP
cjfa-48749	311	32	loss	loss	NOUN
cjfa-48749	311	33	recognition	recognition	NOUN
cjfa-48749	311	34	.	.	PUNCT
cjfa-48749	312	1	however	however	ADV
cjfa-48749	312	2	,	,	PUNCT
cjfa-48749	312	3	the	the	DET
cjfa-48749	312	4	average	average	ADJ
cjfa-48749	312	5	share	share	NOUN
cjfa-48749	312	6	price	price	NOUN
cjfa-48749	312	7	,	,	PUNCT
cjfa-48749	312	8	pbv	pbv	VERB
cjfa-48749	312	9	,	,	PUNCT
cjfa-48749	312	10	tobin	tobin	PROPN
cjfa-48749	312	11	’s	’s	PART
cjfa-48749	312	12	q	q	NOUN
cjfa-48749	312	13	,	,	PUNCT
cjfa-48749	312	14	and	and	CCONJ
cjfa-48749	312	15	market	market	NOUN
cjfa-48749	312	16	value	value	NOUN
cjfa-48749	312	17	-	-	PUNCT
cjfa-48749	312	18	added	add	VERB
cjfa-48749	312	19	of	of	ADP
cjfa-48749	312	20	sample	sample	NOUN
cjfa-48749	312	21	companies	company	NOUN
cjfa-48749	312	22	show	show	VERB
cjfa-48749	312	23	decreasing	decrease	VERB
cjfa-48749	312	24	trend	trend	NOUN
cjfa-48749	312	25	from	from	ADP
cjfa-48749	312	26	2018	2018	NUM
cjfa-48749	312	27	to	to	ADP
cjfa-48749	312	28	2021	2021	NUM
cjfa-48749	312	29	,	,	PUNCT
cjfa-48749	312	30	with	with	ADP
cjfa-48749	312	31	sharp	sharp	ADJ
cjfa-48749	312	32	drop	drop	NOUN
cjfa-48749	312	33	in	in	ADP
cjfa-48749	312	34	2020	2020	NUM
cjfa-48749	312	35	data	datum	NOUN
cjfa-48749	312	36	mainly	mainly	ADV
cjfa-48749	312	37	due	due	ADP
cjfa-48749	312	38	to	to	ADP
cjfa-48749	312	39	the	the	DET
cjfa-48749	312	40	effect	effect	NOUN
cjfa-48749	312	41	of	of	ADP
cjfa-48749	312	42	covid-19	covid-19	PROPN
cjfa-48749	312	43	.	.	PUNCT
cjfa-48749	313	1	(	(	PUNCT
cjfa-48749	313	2	joshi	joshi	PROPN
cjfa-48749	313	3	,	,	PUNCT
cjfa-48749	313	4	2022	2022	NUM
cjfa-48749	313	5	)	)	PUNCT
cjfa-48749	313	6	report	report	VERB
cjfa-48749	313	7	similar	similar	ADJ
cjfa-48749	313	8	negative	negative	ADJ
cjfa-48749	313	9	return	return	NOUN
cjfa-48749	313	10	of	of	ADP
cjfa-48749	313	11	indian	indian	ADJ
cjfa-48749	313	12	stock	stock	NOUN
cjfa-48749	313	13	returns	return	NOUN
cjfa-48749	313	14	during	during	ADP
cjfa-48749	313	15	covid-19	covid-19	PROPN
cjfa-48749	313	16	period	period	NOUN
cjfa-48749	313	17	.	.	PUNCT
cjfa-48749	314	1	the	the	DET
cjfa-48749	314	2	main	main	ADJ
cjfa-48749	314	3	reason	reason	NOUN
cjfa-48749	314	4	for	for	ADP
cjfa-48749	314	5	this	this	DET
cjfa-48749	314	6	negative	negative	ADJ
cjfa-48749	314	7	trend	trend	NOUN
cjfa-48749	314	8	is	be	AUX
cjfa-48749	314	9	that	that	SCONJ
cjfa-48749	314	10	companies	company	NOUN
cjfa-48749	314	11	’	'	PUNCT
cjfa-48749	314	12	financial	financial	ADJ
cjfa-48749	314	13	performance	performance	NOUN
cjfa-48749	314	14	measure	measure	NOUN
cjfa-48749	314	15	by	by	ADP
cjfa-48749	314	16	roa	roa	PROPN
cjfa-48749	314	17	also	also	ADV
cjfa-48749	314	18	showing	show	VERB
cjfa-48749	314	19	negative	negative	ADJ
cjfa-48749	314	20	trend	trend	NOUN
cjfa-48749	314	21	,	,	PUNCT
cjfa-48749	314	22	from	from	ADP
cjfa-48749	314	23	10.46	10.46	NUM
cjfa-48749	314	24	%	%	NOUN
cjfa-48749	314	25	in	in	ADP
cjfa-48749	314	26	2018	2018	NUM
cjfa-48749	314	27	to	to	ADP
cjfa-48749	314	28	8.08	8.08	NUM
cjfa-48749	314	29	%	%	NOUN
cjfa-48749	314	30	in	in	ADP
cjfa-48749	314	31	2020	2020	NUM
cjfa-48749	314	32	.	.	PUNCT
cjfa-48749	315	1	this	this	DET
cjfa-48749	315	2	study	study	NOUN
cjfa-48749	315	3	has	have	VERB
cjfa-48749	315	4	multiple	multiple	ADJ
cjfa-48749	315	5	constraints	constraint	NOUN
cjfa-48749	315	6	.	.	PUNCT
cjfa-48749	316	1	initially	initially	ADV
cjfa-48749	316	2	,	,	PUNCT
cjfa-48749	316	3	this	this	DET
cjfa-48749	316	4	study	study	NOUN
cjfa-48749	316	5	solely	solely	ADV
cjfa-48749	316	6	employs	employ	VERB
cjfa-48749	316	7	two	two	NUM
cjfa-48749	316	8	indicators	indicator	NOUN
cjfa-48749	316	9	of	of	ADP
cjfa-48749	316	10	frq	frq	PROPN
cjfa-48749	316	11	,	,	PUNCT
cjfa-48749	316	12	while	while	SCONJ
cjfa-48749	316	13	frq	frq	PROPN
cjfa-48749	316	14	encompasses	encompass	VERB
cjfa-48749	316	15	a	a	DET
cjfa-48749	316	16	wide	wide	ADV
cjfa-48749	316	17	-	-	PUNCT
cjfa-48749	316	18	ranging	range	VERB
cjfa-48749	316	19	notion	notion	NOUN
cjfa-48749	316	20	that	that	PRON
cjfa-48749	316	21	may	may	AUX
cjfa-48749	316	22	be	be	AUX
cjfa-48749	316	23	assessed	assess	VERB
cjfa-48749	316	24	using	use	VERB
cjfa-48749	316	25	other	other	ADJ
cjfa-48749	316	26	elements	element	NOUN
cjfa-48749	316	27	.	.	PUNCT
cjfa-48749	317	1	furthermore	furthermore	ADV
cjfa-48749	317	2	,	,	PUNCT
cjfa-48749	317	3	equation	equation	NOUN
cjfa-48749	317	4	4	4	NUM
cjfa-48749	317	5	exhibits	exhibit	VERB
cjfa-48749	317	6	the	the	DET
cjfa-48749	317	7	highest	high	ADJ
cjfa-48749	317	8	adjusted	adjust	VERB
cjfa-48749	317	9	r2	r2	NOUN
cjfa-48749	317	10	value	value	NOUN
cjfa-48749	317	11	of	of	ADP
cjfa-48749	317	12	74.5	74.5	NUM
cjfa-48749	317	13	%	%	NOUN
cjfa-48749	317	14	,	,	PUNCT
cjfa-48749	317	15	while	while	SCONJ
cjfa-48749	317	16	equation	equation	NOUN
cjfa-48749	317	17	3	3	NUM
cjfa-48749	317	18	has	have	VERB
cjfa-48749	317	19	the	the	DET
cjfa-48749	317	20	lowest	low	ADJ
cjfa-48749	317	21	value	value	NOUN
cjfa-48749	317	22	of	of	ADP
cjfa-48749	317	23	38.1	38.1	NUM
cjfa-48749	317	24	%	%	NOUN
cjfa-48749	317	25	.	.	PUNCT
cjfa-48749	318	1	this	this	PRON
cjfa-48749	318	2	indicates	indicate	VERB
cjfa-48749	318	3	that	that	SCONJ
cjfa-48749	318	4	at	at	ADV
cjfa-48749	318	5	least	least	ADV
cjfa-48749	318	6	25.5	25.5	NUM
cjfa-48749	318	7	%	%	NOUN
cjfa-48749	318	8	of	of	ADP
cjfa-48749	318	9	the	the	DET
cjfa-48749	318	10	variation	variation	NOUN
cjfa-48749	318	11	in	in	ADP
cjfa-48749	318	12	firm	firm	ADJ
cjfa-48749	318	13	value	value	NOUN
cjfa-48749	318	14	is	be	AUX
cjfa-48749	318	15	attributed	attribute	VERB
cjfa-48749	318	16	to	to	ADP
cjfa-48749	318	17	karina	karina	PROPN
cjfa-48749	318	18	harjanto4040	harjanto4040	PROPN
cjfa-48749	318	19	elements	element	NOUN
cjfa-48749	318	20	that	that	PRON
cjfa-48749	318	21	were	be	AUX
cjfa-48749	318	22	not	not	PART
cjfa-48749	318	23	investigated	investigate	VERB
cjfa-48749	318	24	in	in	ADP
cjfa-48749	318	25	this	this	DET
cjfa-48749	318	26	study	study	NOUN
cjfa-48749	318	27	.	.	PUNCT
cjfa-48749	319	1	it	it	PRON
cjfa-48749	319	2	is	be	AUX
cjfa-48749	319	3	recommended	recommend	VERB
cjfa-48749	319	4	that	that	SCONJ
cjfa-48749	319	5	future	future	ADJ
cjfa-48749	319	6	research	research	NOUN
cjfa-48749	319	7	expands	expand	VERB
cjfa-48749	319	8	to	to	PART
cjfa-48749	319	9	include	include	VERB
cjfa-48749	319	10	other	other	ADJ
cjfa-48749	319	11	sectors	sector	NOUN
cjfa-48749	319	12	such	such	ADJ
cjfa-48749	319	13	as	as	ADP
cjfa-48749	319	14	services	service	NOUN
cjfa-48749	319	15	,	,	PUNCT
cjfa-48749	319	16	mining	mining	NOUN
cjfa-48749	319	17	,	,	PUNCT
cjfa-48749	319	18	and	and	CCONJ
cjfa-48749	319	19	property	property	NOUN
cjfa-48749	319	20	in	in	ADP
cjfa-48749	319	21	many	many	ADJ
cjfa-48749	319	22	nations	nation	NOUN
cjfa-48749	319	23	and	and	CCONJ
cjfa-48749	319	24	employs	employ	VERB
cjfa-48749	319	25	more	more	ADJ
cjfa-48749	319	26	proxies	proxy	NOUN
cjfa-48749	319	27	to	to	PART
cjfa-48749	319	28	measure	measure	VERB
cjfa-48749	319	29	frq	frq	PROPN
cjfa-48749	319	30	.	.	PUNCT
cjfa-48749	319	31	 	 	SPACE
cjfa-48749	319	32	acknowledgements	acknowledgement	NOUN
cjfa-48749	319	33	 	 	SPACE
cjfa-48749	319	34	acknowledgements	acknowledgement	NOUN
cjfa-48749	319	35	this	this	DET
cjfa-48749	319	36	study	study	NOUN
cjfa-48749	319	37	is	be	AUX
cjfa-48749	319	38	being	be	AUX
cjfa-48749	319	39	undertaken	undertake	VERB
cjfa-48749	319	40	with	with	ADP
cjfa-48749	319	41	financial	financial	ADJ
cjfa-48749	319	42	support	support	NOUN
cjfa-48749	319	43	from	from	ADP
cjfa-48749	319	44	universitas	universita	NOUN
cjfa-48749	319	45	multimedia	multimedia	NOUN
cjfa-48749	319	46	nusantara	nusantara	NOUN
cjfa-48749	319	47	and	and	CCONJ
cjfa-48749	319	48	is	be	AUX
cjfa-48749	319	49	being	be	AUX
cjfa-48749	319	50	facilitated	facilitate	VERB
cjfa-48749	319	51	by	by	ADP
cjfa-48749	319	52	the	the	DET
cjfa-48749	319	53	teaching	teaching	NOUN
cjfa-48749	319	54	staff	staff	NOUN
cjfa-48749	319	55	of	of	ADP
cjfa-48749	319	56	the	the	DET
cjfa-48749	319	57	bachelor	bachelor	NOUN
cjfa-48749	319	58	of	of	ADP
cjfa-48749	319	59	accounting	accounting	NOUN
cjfa-48749	319	60	program	program	NOUN
cjfa-48749	319	61	,	,	PUNCT
cjfa-48749	319	62	faculty	faculty	NOUN
cjfa-48749	319	63	of	of	ADP
cjfa-48749	319	64	business	business	NOUN
cjfa-48749	319	65	,	,	PUNCT
cjfa-48749	319	66	universitas	universita	NOUN
cjfa-48749	319	67	multimedia	multimedia	NOUN
cjfa-48749	319	68	nusantara	nusantara	NOUN
cjfa-48749	319	69	.	.	PUNCT
cjfa-48749	319	70	 	 	SPACE
cjfa-48749	320	1	references	reference	NOUN
cjfa-48749	320	2	 	 	SPACE
cjfa-48749	320	3	references	reference	NOUN
cjfa-48749	320	4	antonius	antonius	PROPN
cjfa-48749	320	5	,	,	PUNCT
cjfa-48749	320	6	a.	a.	NOUN
cjfa-48749	320	7	,	,	PUNCT
cjfa-48749	320	8	&	&	CCONJ
cjfa-48749	320	9	harjanto	harjanto	PROPN
cjfa-48749	320	10	,	,	PUNCT
cjfa-48749	320	11	k.	k.	PROPN
cjfa-48749	320	12	(	(	PUNCT
cjfa-48749	320	13	2022	2022	NUM
cjfa-48749	320	14	)	)	PUNCT
cjfa-48749	320	15	.	.	PUNCT
cjfa-48749	321	1	impact	impact	NOUN
cjfa-48749	321	2	of	of	ADP
cjfa-48749	321	3	selected	select	VERB
cjfa-48749	321	4	factors	factor	NOUN
cjfa-48749	321	5	towards	towards	ADP
cjfa-48749	321	6	shareholder	shareholder	NOUN
cjfa-48749	321	7	value	value	NOUN
cjfa-48749	321	8	creation	creation	NOUN
cjfa-48749	321	9	.	.	PUNCT
cjfa-48749	322	1	https://doi.org/10.4108/eai.7-10-2021.2316221	https://doi.org/10.4108/eai.7-10-2021.2316221	PROPN
cjfa-48749	322	2	.	.	PROPN
cjfa-48749	322	3	ball	ball	PROPN
cjfa-48749	322	4	,	,	PUNCT
cjfa-48749	322	5	r.	r.	PROPN
cjfa-48749	322	6	,	,	PUNCT
cjfa-48749	322	7	robin	robin	PROPN
cjfa-48749	322	8	,	,	PUNCT
cjfa-48749	322	9	a.	a.	PROPN
cjfa-48749	322	10	,	,	PUNCT
cjfa-48749	322	11	&	&	CCONJ
cjfa-48749	322	12	wu	wu	PROPN
cjfa-48749	322	13	,	,	PUNCT
cjfa-48749	322	14	j.s	j.s	PROPN
cjfa-48749	322	15	.	.	PUNCT
cjfa-48749	322	16	(	(	PUNCT
cjfa-48749	322	17	2003	2003	NUM
cjfa-48749	322	18	)	)	PUNCT
cjfa-48749	322	19	.	.	PUNCT
cjfa-48749	323	1	incentives	incentive	NOUN
cjfa-48749	323	2	versus	versus	ADP
cjfa-48749	323	3	standards	standard	NOUN
cjfa-48749	323	4	:	:	PUNCT
cjfa-48749	323	5	properties	property	NOUN
cjfa-48749	323	6	of	of	ADP
cjfa-48749	323	7	accounting	accounting	NOUN
cjfa-48749	323	8	income	income	NOUN
cjfa-48749	323	9	in	in	ADP
cjfa-48749	323	10	four	four	NUM
cjfa-48749	323	11	east	east	ADJ
cjfa-48749	323	12	asian	asian	ADJ
cjfa-48749	323	13	countries	country	NOUN
cjfa-48749	323	14	.	.	PUNCT
cjfa-48749	324	1	journal	journal	NOUN
cjfa-48749	324	2	of	of	ADP
cjfa-48749	324	3	accounting	accounting	NOUN
cjfa-48749	324	4	and	and	CCONJ
cjfa-48749	324	5	economics	economic	NOUN
cjfa-48749	324	6	,	,	PUNCT
cjfa-48749	324	7	36(1	36(1	NUM
cjfa-48749	324	8	-	-	SYM
cjfa-48749	324	9	3	3	NUM
cjfa-48749	324	10	spec	spec	NOUN
cjfa-48749	324	11	.	.	PUNCT
cjfa-48749	325	1	iss	iss	PROPN
cjfa-48749	325	2	.	.	PUNCT
cjfa-48749	325	3	)	)	PUNCT
cjfa-48749	325	4	,	,	PUNCT
cjfa-48749	326	1	235–270	235–270	NUM
cjfa-48749	326	2	.	.	PUNCT
cjfa-48749	327	1	https://doi.org/10.1016/j.jacceco.2003.10.003	https://doi.org/10.1016/j.jacceco.2003.10.003	PROPN
cjfa-48749	327	2	.	.	PROPN
cjfa-48749	327	3	ball	ball	PROPN
cjfa-48749	327	4	,	,	PUNCT
cjfa-48749	327	5	r.	r.	PROPN
cjfa-48749	327	6	,	,	PUNCT
cjfa-48749	327	7	&	&	CCONJ
cjfa-48749	327	8	shivakumar	shivakumar	PROPN
cjfa-48749	327	9	,	,	PUNCT
cjfa-48749	327	10	l.	l.	PROPN
cjfa-48749	327	11	(	(	PUNCT
cjfa-48749	327	12	2005	2005	NUM
cjfa-48749	327	13	)	)	PUNCT
cjfa-48749	327	14	.	.	PUNCT
cjfa-48749	328	1	earnings	earning	NOUN
cjfa-48749	328	2	quality	quality	NOUN
cjfa-48749	328	3	in	in	ADP
cjfa-48749	328	4	uk	uk	PROPN
cjfa-48749	328	5	private	private	ADJ
cjfa-48749	328	6	firms	firm	NOUN
cjfa-48749	328	7	:	:	PUNCT
cjfa-48749	328	8	comparative	comparative	ADJ
cjfa-48749	328	9	loss	loss	NOUN
cjfa-48749	328	10	recognition	recognition	NOUN
cjfa-48749	328	11	timeliness	timeliness	NOUN
cjfa-48749	328	12	.	.	PUNCT
cjfa-48749	329	1	journal	journal	NOUN
cjfa-48749	329	2	of	of	ADP
cjfa-48749	329	3	accounting	accounting	NOUN
cjfa-48749	329	4	and	and	CCONJ
cjfa-48749	329	5	economics	economic	NOUN
cjfa-48749	329	6	,	,	PUNCT
cjfa-48749	329	7	39(1	39(1	NUM
cjfa-48749	329	8	)	)	PUNCT
cjfa-48749	329	9	,	,	PUNCT
cjfa-48749	329	10	83–128	83–128	PROPN
cjfa-48749	329	11	.	.	PUNCT
cjfa-48749	329	12	https://doi.org/10.1016/j.jacceco.2004.04.001	https://doi.org/10.1016/j.jacceco.2004.04.001	PROPN
cjfa-48749	329	13	.	.	PUNCT
cjfa-48749	330	1	cahan	cahan	PROPN
cjfa-48749	330	2	,	,	PUNCT
cjfa-48749	330	3	s.f	s.f	PROPN
cjfa-48749	330	4	.	.	PROPN
cjfa-48749	330	5	,	,	PUNCT
cjfa-48749	330	6	de	de	X
cjfa-48749	330	7	villiers	villiers	PROPN
cjfa-48749	330	8	,	,	PUNCT
cjfa-48749	330	9	c.	c.	PROPN
cjfa-48749	330	10	,	,	PUNCT
cjfa-48749	330	11	jeter	jeter	PROPN
cjfa-48749	330	12	,	,	PUNCT
cjfa-48749	330	13	d.c	d.c	PROPN
cjfa-48749	330	14	.	.	PROPN
cjfa-48749	330	15	,	,	PUNCT
cjfa-48749	330	16	naiker	naiker	NOUN
cjfa-48749	330	17	,	,	PUNCT
cjfa-48749	330	18	v.	v.	PROPN
cjfa-48749	330	19	,	,	PUNCT
cjfa-48749	330	20	&	&	CCONJ
cjfa-48749	330	21	van	van	PROPN
cjfa-48749	330	22	staden	staden	PROPN
cjfa-48749	330	23	,	,	PUNCT
cjfa-48749	330	24	c.j	c.j	PROPN
cjfa-48749	330	25	.	.	PROPN
cjfa-48749	330	26	(	(	PUNCT
cjfa-48749	330	27	2016	2016	NUM
cjfa-48749	330	28	)	)	PUNCT
cjfa-48749	330	29	.	.	PUNCT
cjfa-48749	330	30	are	be	AUX
cjfa-48749	330	31	csr	csr	NOUN
cjfa-48749	330	32	disclosures	disclosure	NOUN
cjfa-48749	330	33	value	value	VERB
cjfa-48749	330	34	relevant	relevant	ADJ
cjfa-48749	330	35	?	?	PUNCT
cjfa-48749	331	1	cross	cross	ADJ
cjfa-48749	331	2	-	-	ADJ
cjfa-48749	331	3	country	country	ADJ
cjfa-48749	331	4	evidence	evidence	NOUN
cjfa-48749	331	5	.	.	PUNCT
cjfa-48749	332	1	european	european	ADJ
cjfa-48749	332	2	accounting	accounting	PROPN
cjfa-48749	332	3	review	review	PROPN
cjfa-48749	332	4	,	,	PUNCT
cjfa-48749	332	5	25(3	25(3	NUM
cjfa-48749	332	6	)	)	PUNCT
cjfa-48749	332	7	,	,	PUNCT
cjfa-48749	332	8	579–611	579–611	NUM
cjfa-48749	332	9	.	.	PUNCT
cjfa-48749	333	1	https://doi.org/10.1080/09638180.2015.1064009	https://doi.org/10.1080/09638180.2015.1064009	PROPN
cjfa-48749	333	2	.	.	PUNCT
cjfa-48749	334	1	dechow	dechow	ADJ
cjfa-48749	334	2	,	,	PUNCT
cjfa-48749	334	3	p.m.	p.m.	NOUN
cjfa-48749	334	4	,	,	PUNCT
cjfa-48749	334	5	sloan	sloan	PROPN
cjfa-48749	334	6	,	,	PUNCT
cjfa-48749	334	7	r.g	r.g	PROPN
cjfa-48749	334	8	.	.	PROPN
cjfa-48749	334	9	,	,	PUNCT
cjfa-48749	334	10	&	&	CCONJ
cjfa-48749	334	11	sweeney	sweeney	PROPN
cjfa-48749	334	12	,	,	PUNCT
cjfa-48749	334	13	a.p	a.p	PROPN
cjfa-48749	334	14	.	.	PROPN
cjfa-48749	334	15	(	(	PUNCT
cjfa-48749	334	16	1995	1995	NUM
cjfa-48749	334	17	)	)	PUNCT
cjfa-48749	334	18	.	.	PUNCT
cjfa-48749	335	1	detecting	detect	VERB
cjfa-48749	335	2	earnings	earning	NOUN
cjfa-48749	335	3	management	management	NOUN
cjfa-48749	335	4	.	.	PUNCT
cjfa-48749	336	1	the	the	DET
cjfa-48749	336	2	accounting	accounting	NOUN
cjfa-48749	336	3	review	review	NOUN
cjfa-48749	336	4	,	,	PUNCT
cjfa-48749	336	5	70(2	70(2	PROPN
cjfa-48749	336	6	)	)	PUNCT
cjfa-48749	336	7	,	,	PUNCT
cjfa-48749	336	8	193–225	193–225	NUM
cjfa-48749	336	9	.	.	PUNCT
cjfa-48749	337	1	https://doi.org/10.5694/j.1326-5377.1952	https://doi.org/10.5694/j.1326-5377.1952	NOUN
cjfa-48749	337	2	.	.	PUNCT
cjfa-48749	338	1	tb109167.x	tb109167.x	NOUN
cjfa-48749	338	2	.	.	PUNCT
cjfa-48749	339	1	fambudi	fambudi	PROPN
cjfa-48749	339	2	,	,	PUNCT
cjfa-48749	339	3	i.n	i.n	PROPN
cjfa-48749	339	4	.	.	PROPN
cjfa-48749	339	5	,	,	PUNCT
cjfa-48749	339	6	&	&	CCONJ
cjfa-48749	339	7	fitriani	fitriani	PROPN
cjfa-48749	339	8	,	,	PUNCT
cjfa-48749	339	9	d.	d.	PROPN
cjfa-48749	339	10	(	(	PUNCT
cjfa-48749	339	11	2020	2020	NUM
cjfa-48749	339	12	)	)	PUNCT
cjfa-48749	339	13	.	.	PUNCT
cjfa-48749	340	1	analysis	analysis	NOUN
cjfa-48749	340	2	effect	effect	NOUN
cjfa-48749	340	3	of	of	ADP
cjfa-48749	340	4	accrual	accrual	ADJ
cjfa-48749	340	5	quality	quality	NOUN
cjfa-48749	340	6	,	,	PUNCT
cjfa-48749	340	7	growth	growth	NOUN
cjfa-48749	340	8	opportunity	opportunity	NOUN
cjfa-48749	340	9	and	and	CCONJ
cjfa-48749	340	10	gender	gender	NOUN
cjfa-48749	340	11	diversity	diversity	NOUN
cjfa-48749	340	12	on	on	ADP
cjfa-48749	340	13	firm	firm	ADJ
cjfa-48749	340	14	performance	performance	NOUN
cjfa-48749	340	15	(	(	PUNCT
cjfa-48749	340	16	empirical	empirical	ADJ
cjfa-48749	340	17	evidence	evidence	NOUN
cjfa-48749	340	18	from	from	ADP
cjfa-48749	340	19	listed	list	VERB
cjfa-48749	340	20	company	company	NOUN
cjfa-48749	340	21	in	in	ADP
cjfa-48749	340	22	indonesia	indonesia	PROPN
cjfa-48749	340	23	stock	stock	PROPN
cjfa-48749	340	24	exchange	exchange	PROPN
cjfa-48749	340	25	)	)	PUNCT
cjfa-48749	340	26	.	.	PUNCT
cjfa-48749	341	1	international	international	ADJ
cjfa-48749	341	2	journal	journal	PROPN
cjfa-48749	341	3	of	of	ADP
cjfa-48749	341	4	contemporary	contemporary	PROPN
cjfa-48749	341	5	accounting	accounting	NOUN
cjfa-48749	341	6	,	,	PUNCT
cjfa-48749	341	7	1(2	1(2	NUM
cjfa-48749	341	8	)	)	PUNCT
cjfa-48749	341	9	,	,	PUNCT
cjfa-48749	341	10	119–132	119–132	NUM
cjfa-48749	341	11	.	.	PUNCT
cjfa-48749	342	1	https://doi.org/10.25105/ijca.v1i2.6128	https://doi.org/10.25105/ijca.v1i2.6128	PROPN
cjfa-48749	342	2	.	.	PUNCT
cjfa-48749	342	3	fernandes	fernandes	PROPN
cjfa-48749	342	4	,	,	PUNCT
cjfa-48749	342	5	n.g	n.g	PROPN
cjfa-48749	342	6	.	.	PROPN
cjfa-48749	342	7	,	,	PUNCT
cjfa-48749	342	8	&	&	CCONJ
cjfa-48749	342	9	ferreira	ferreira	PROPN
cjfa-48749	342	10	,	,	PUNCT
cjfa-48749	342	11	m.a	m.a	PROPN
cjfa-48749	342	12	.	.	PROPN
cjfa-48749	342	13	(	(	PUNCT
cjfa-48749	342	14	2011	2011	NUM
cjfa-48749	342	15	)	)	PUNCT
cjfa-48749	342	16	.	.	PUNCT
cjfa-48749	343	1	the	the	DET
cjfa-48749	343	2	evolution	evolution	NOUN
cjfa-48749	343	3	of	of	ADP
cjfa-48749	343	4	earnings	earning	NOUN
cjfa-48749	343	5	management	management	NOUN
cjfa-48749	343	6	and	and	CCONJ
cjfa-48749	343	7	firm	firm	ADJ
cjfa-48749	343	8	valuation	valuation	NOUN
cjfa-48749	343	9	:	:	PUNCT
cjfa-48749	343	10	a	a	DET
cjfa-48749	343	11	cross	cross	ADJ
cjfa-48749	343	12	-	-	ADJ
cjfa-48749	343	13	country	country	ADJ
cjfa-48749	343	14	analysis	analysis	NOUN
cjfa-48749	343	15	.	.	PUNCT
cjfa-48749	344	1	ssrn	ssrn	PROPN
cjfa-48749	344	2	electronic	electronic	ADJ
cjfa-48749	344	3	journal	journal	NOUN
cjfa-48749	344	4	.	.	PUNCT
cjfa-48749	345	1	https://doi	https://doi	X
cjfa-48749	345	2	.	.	PUNCT
cjfa-48749	345	3	org/10.2139	org/10.2139	PROPN
cjfa-48749	345	4	/	/	SYM
cjfa-48749	345	5	ssrn.965636	ssrn.965636	PROPN
cjfa-48749	345	6	.	.	NOUN
cjfa-48749	345	7	ghozali	ghozali	PROPN
cjfa-48749	345	8	,	,	PUNCT
cjfa-48749	345	9	i.	i.	PROPN
cjfa-48749	345	10	(	(	PUNCT
cjfa-48749	345	11	2012	2012	NUM
cjfa-48749	345	12	)	)	PUNCT
cjfa-48749	345	13	.	.	PUNCT
cjfa-48749	346	1	aplikasi	aplikasi	PROPN
cjfa-48749	346	2	analisis	analisis	PROPN
cjfa-48749	346	3	multivariate	multivariate	PROPN
cjfa-48749	346	4	dengan	dengan	PROPN
cjfa-48749	346	5	program	program	PROPN
cjfa-48749	346	6	imb	imb	PROPN
cjfa-48749	346	7	spss	spss	PROPN
cjfa-48749	346	8	(	(	PUNCT
cjfa-48749	346	9	6th	6th	ADJ
cjfa-48749	346	10	ed	ed	NOUN
cjfa-48749	346	11	.	.	PUNCT
cjfa-48749	346	12	)	)	PUNCT
cjfa-48749	346	13	.	.	PUNCT
cjfa-48749	347	1	badan	badan	PROPN
cjfa-48749	347	2	penerbit	penerbit	PROPN
cjfa-48749	347	3	universitas	universita	NOUN
cjfa-48749	347	4	diponegoro	diponegoro	PROPN
cjfa-48749	347	5	.	.	PUNCT
cjfa-48749	348	1	herath	herath	NOUN
cjfa-48749	348	2	,	,	PUNCT
cjfa-48749	348	3	s.k	s.k	PROPN
cjfa-48749	348	4	.	.	PROPN
cjfa-48749	348	5	,	,	PUNCT
cjfa-48749	348	6	&	&	CCONJ
cjfa-48749	348	7	albarqi	albarqi	PROPN
cjfa-48749	348	8	,	,	PUNCT
cjfa-48749	348	9	n.	n.	NOUN
cjfa-48749	348	10	(	(	PUNCT
cjfa-48749	348	11	2017	2017	NUM
cjfa-48749	348	12	)	)	PUNCT
cjfa-48749	348	13	.	.	PUNCT
cjfa-48749	349	1	financial	financial	ADJ
cjfa-48749	349	2	reporting	reporting	NOUN
cjfa-48749	349	3	quality	quality	NOUN
cjfa-48749	349	4	:	:	PUNCT
cjfa-48749	349	5	a	a	DET
cjfa-48749	349	6	literature	literature	NOUN
cjfa-48749	349	7	review	review	NOUN
cjfa-48749	349	8	school	school	NOUN
cjfa-48749	349	9	of	of	ADP
cjfa-48749	349	10	business	business	PROPN
cjfa-48749	349	11	administration	administration	PROPN
cjfa-48749	349	12	.	.	PUNCT
cjfa-48749	350	1	international	international	ADJ
cjfa-48749	350	2	journal	journal	PROPN
cjfa-48749	350	3	of	of	ADP
cjfa-48749	350	4	business	business	NOUN
cjfa-48749	350	5	management	management	PROPN
cjfa-48749	350	6	and	and	CCONJ
cjfa-48749	350	7	commerce	commerce	NOUN
cjfa-48749	350	8	,	,	PUNCT
cjfa-48749	350	9	2(2	2(2	NUM
cjfa-48749	350	10	)	)	PUNCT
cjfa-48749	350	11	,	,	PUNCT
cjfa-48749	350	12	1–14	1–14	PROPN
cjfa-48749	350	13	.	.	PROPN
cjfa-48749	350	14	hery	hery	PROPN
cjfa-48749	350	15	(	(	PUNCT
cjfa-48749	350	16	2016	2016	NUM
cjfa-48749	350	17	)	)	PUNCT
cjfa-48749	350	18	.	.	PUNCT
cjfa-48749	351	1	mengenal	mengenal	PROPN
cjfa-48749	351	2	dan	dan	PROPN
cjfa-48749	351	3	memahami	memahami	PROPN
cjfa-48749	351	4	dasar	dasar	PROPN
cjfa-48749	351	5	-	-	PUNCT
cjfa-48749	351	6	dasar	dasar	VERB
cjfa-48749	351	7	laporan	laporan	ADJ
cjfa-48749	351	8	keuangan	keuangan	NOUN
cjfa-48749	351	9	.	.	PUNCT
cjfa-48749	352	1	grasindo	grasindo	PROPN
cjfa-48749	352	2	.	.	PUNCT
cjfa-48749	353	1	the	the	DET
cjfa-48749	353	2	analysis	analysis	NOUN
cjfa-48749	353	3	of	of	ADP
cjfa-48749	353	4	financial	financial	ADJ
cjfa-48749	353	5	reporting	reporting	NOUN
cjfa-48749	353	6	quality	quality	NOUN
cjfa-48749	353	7	and	and	CCONJ
cjfa-48749	353	8	firm	firm	ADJ
cjfa-48749	353	9	value	value	NOUN
cjfa-48749	353	10	4141	4141	NUM
cjfa-48749	353	11	husna	husna	ADJ
cjfa-48749	353	12	,	,	PUNCT
cjfa-48749	353	13	a.	a.	PROPN
cjfa-48749	353	14	,	,	PUNCT
cjfa-48749	353	15	&	&	CCONJ
cjfa-48749	353	16	satria	satria	PROPN
cjfa-48749	353	17	,	,	PUNCT
cjfa-48749	353	18	i.	i.	PROPN
cjfa-48749	353	19	(	(	PUNCT
cjfa-48749	353	20	2019	2019	NUM
cjfa-48749	353	21	)	)	PUNCT
cjfa-48749	353	22	.	.	PUNCT
cjfa-48749	354	1	effects	effect	NOUN
cjfa-48749	354	2	of	of	ADP
cjfa-48749	354	3	return	return	NOUN
cjfa-48749	354	4	on	on	ADP
cjfa-48749	354	5	asset	asset	NOUN
cjfa-48749	354	6	,	,	PUNCT
cjfa-48749	354	7	debt	debt	NOUN
cjfa-48749	354	8	to	to	ADP
cjfa-48749	354	9	asset	asset	NOUN
cjfa-48749	354	10	ratio	ratio	NOUN
cjfa-48749	354	11	,	,	PUNCT
cjfa-48749	354	12	current	current	ADJ
cjfa-48749	354	13	ratio	ratio	NOUN
cjfa-48749	354	14	,	,	PUNCT
cjfa-48749	354	15	firm	firm	ADJ
cjfa-48749	354	16	size	size	NOUN
cjfa-48749	354	17	,	,	PUNCT
cjfa-48749	354	18	and	and	CCONJ
cjfa-48749	354	19	dividend	dividend	VERB
cjfa-48749	354	20	payout	payout	ADJ
cjfa-48749	354	21	ratio	ratio	NOUN
cjfa-48749	354	22	on	on	ADP
cjfa-48749	354	23	firm	firm	ADJ
cjfa-48749	354	24	value	value	NOUN
cjfa-48749	354	25	.	.	PUNCT
cjfa-48749	355	1	international	international	ADJ
cjfa-48749	355	2	journal	journal	PROPN
cjfa-48749	355	3	of	of	ADP
cjfa-48749	355	4	economics	economic	NOUN
cjfa-48749	355	5	and	and	CCONJ
cjfa-48749	355	6	financial	financial	ADJ
cjfa-48749	355	7	issues	issue	NOUN
cjfa-48749	355	8	,	,	PUNCT
cjfa-48749	355	9	9(5	9(5	NUM
cjfa-48749	355	10	)	)	PUNCT
cjfa-48749	355	11	,	,	PUNCT
cjfa-48749	355	12	50–54	50–54	NUM
cjfa-48749	355	13	.	.	PUNCT
cjfa-48749	356	1	https://doi.org/10.32479/ijefi.8595	https://doi.org/10.32479/ijefi.8595	NOUN
cjfa-48749	356	2	.	.	PUNCT
cjfa-48749	357	1	isidro	isidro	PROPN
cjfa-48749	357	2	,	,	PUNCT
cjfa-48749	357	3	h.	h.	PROPN
cjfa-48749	357	4	,	,	PUNCT
cjfa-48749	357	5	nanda	nanda	PROPN
cjfa-48749	357	6	,	,	PUNCT
cjfa-48749	357	7	d.	d.	PROPN
cjfa-48749	357	8	,	,	PUNCT
cjfa-48749	357	9	&	&	CCONJ
cjfa-48749	357	10	wysocki	wysocki	PROPN
cjfa-48749	357	11	,	,	PUNCT
cjfa-48749	357	12	p.d	p.d	PROPN
cjfa-48749	357	13	.	.	PROPN
cjfa-48749	357	14	(	(	PUNCT
cjfa-48749	357	15	2020	2020	NUM
cjfa-48749	357	16	)	)	PUNCT
cjfa-48749	357	17	.	.	PUNCT
cjfa-48749	358	1	on	on	ADP
cjfa-48749	358	2	the	the	DET
cjfa-48749	358	3	relation	relation	NOUN
cjfa-48749	358	4	between	between	ADP
cjfa-48749	358	5	financial	financial	ADJ
cjfa-48749	358	6	reporting	reporting	NOUN
cjfa-48749	358	7	quality	quality	NOUN
cjfa-48749	358	8	and	and	CCONJ
cjfa-48749	358	9	country	country	NOUN
cjfa-48749	358	10	attributes	attribute	VERB
cjfa-48749	358	11	:	:	PUNCT
cjfa-48749	358	12	research	research	NOUN
cjfa-48749	358	13	challenges	challenge	NOUN
cjfa-48749	358	14	and	and	CCONJ
cjfa-48749	358	15	opportunities	opportunity	NOUN
cjfa-48749	358	16	.	.	PUNCT
cjfa-48749	359	1	accounting	accounting	NOUN
cjfa-48749	359	2	review	review	PROPN
cjfa-48749	359	3	,	,	PUNCT
cjfa-48749	359	4	95(3	95(3	NUM
cjfa-48749	359	5	)	)	PUNCT
cjfa-48749	359	6	,	,	PUNCT
cjfa-48749	359	7	279–314	279–314	NUM
cjfa-48749	359	8	.	.	PUNCT
cjfa-48749	360	1	https://doi.org/10.2308/accr-52607	https://doi.org/10.2308/accr-52607	PROPN
cjfa-48749	360	2	.	.	PUNCT
cjfa-48749	361	1	islam	islam	PROPN
cjfa-48749	361	2	,	,	PUNCT
cjfa-48749	361	3	m.a	m.a	PROPN
cjfa-48749	361	4	.	.	PROPN
cjfa-48749	361	5	,	,	PUNCT
cjfa-48749	361	6	ali	ali	PROPN
cjfa-48749	361	7	,	,	PUNCT
cjfa-48749	361	8	r.	r.	PROPN
cjfa-48749	361	9	,	,	PUNCT
cjfa-48749	361	10	&	&	CCONJ
cjfa-48749	361	11	ahmad	ahmad	PROPN
cjfa-48749	361	12	,	,	PUNCT
cjfa-48749	361	13	z.	z.	PROPN
cjfa-48749	361	14	(	(	PUNCT
cjfa-48749	361	15	2011	2011	NUM
cjfa-48749	361	16	)	)	PUNCT
cjfa-48749	361	17	.	.	PUNCT
cjfa-48749	362	1	is	be	AUX
cjfa-48749	362	2	modified	modify	VERB
cjfa-48749	362	3	jones	jones	PROPN
cjfa-48749	362	4	model	model	PROPN
cjfa-48749	362	5	effective	effective	ADJ
cjfa-48749	362	6	in	in	ADP
cjfa-48749	362	7	detecting	detect	VERB
cjfa-48749	362	8	earnings	earning	NOUN
cjfa-48749	362	9	management	management	NOUN
cjfa-48749	362	10	?	?	PUNCT
cjfa-48749	363	1	evidence	evidence	NOUN
cjfa-48749	363	2	from	from	ADP
cjfa-48749	363	3	a	a	DET
cjfa-48749	363	4	developing	develop	VERB
cjfa-48749	363	5	economy	economy	NOUN
cjfa-48749	363	6	.	.	PUNCT
cjfa-48749	364	1	international	international	ADJ
cjfa-48749	364	2	journal	journal	PROPN
cjfa-48749	364	3	of	of	ADP
cjfa-48749	364	4	economics	economic	NOUN
cjfa-48749	364	5	and	and	CCONJ
cjfa-48749	364	6	finance	finance	NOUN
cjfa-48749	364	7	,	,	PUNCT
cjfa-48749	364	8	3(2	3(2	NUM
cjfa-48749	364	9	)	)	PUNCT
cjfa-48749	364	10	,	,	PUNCT
cjfa-48749	364	11	116–125	116–125	NUM
cjfa-48749	364	12	.	.	PUNCT
cjfa-48749	365	1	https://doi.org/10.5539/ijef.v3n2p116	https://doi.org/10.5539/ijef.v3n2p116	PROPN
cjfa-48749	365	2	.	.	PUNCT
cjfa-48749	366	1	joshi	joshi	PROPN
cjfa-48749	366	2	,	,	PUNCT
cjfa-48749	366	3	n.	n.	PROPN
cjfa-48749	366	4	(	(	PUNCT
cjfa-48749	366	5	2022	2022	NUM
cjfa-48749	366	6	)	)	PUNCT
cjfa-48749	366	7	.	.	PUNCT
cjfa-48749	367	1	impact	impact	NOUN
cjfa-48749	367	2	of	of	ADP
cjfa-48749	367	3	covid-19	covid-19	PROPN
cjfa-48749	367	4	on	on	ADP
cjfa-48749	367	5	performance	performance	NOUN
cjfa-48749	367	6	on	on	ADP
cjfa-48749	367	7	indian	indian	ADJ
cjfa-48749	367	8	stock	stock	NOUN
cjfa-48749	367	9	indices	index	NOUN
cjfa-48749	367	10	.	.	PUNCT
cjfa-48749	368	1	copernican	copernican	PROPN
cjfa-48749	368	2	journal	journal	PROPN
cjfa-48749	368	3	of	of	ADP
cjfa-48749	368	4	finance	finance	PROPN
cjfa-48749	368	5	&	&	CCONJ
cjfa-48749	368	6	accounting	accounting	PROPN
cjfa-48749	368	7	,	,	PUNCT
cjfa-48749	368	8	11(4	11(4	NUM
cjfa-48749	368	9	)	)	PUNCT
cjfa-48749	368	10	,	,	PUNCT
cjfa-48749	368	11	125–145	125–145	NUM
cjfa-48749	368	12	.	.	PUNCT
cjfa-48749	369	1	latif	latif	PROPN
cjfa-48749	369	2	,	,	PUNCT
cjfa-48749	369	3	k.	k.	PROPN
cjfa-48749	369	4	,	,	PUNCT
cjfa-48749	369	5	bhatti	bhatti	PROPN
cjfa-48749	369	6	,	,	PUNCT
cjfa-48749	369	7	a.a	a.a	PROPN
cjfa-48749	369	8	.	.	PROPN
cjfa-48749	369	9	,	,	PUNCT
cjfa-48749	369	10	&	&	CCONJ
cjfa-48749	369	11	raheman	raheman	NOUN
cjfa-48749	369	12	,	,	PUNCT
cjfa-48749	369	13	a.	a.	NOUN
cjfa-48749	369	14	(	(	PUNCT
cjfa-48749	369	15	2017	2017	NUM
cjfa-48749	369	16	)	)	PUNCT
cjfa-48749	369	17	.	.	PUNCT
cjfa-48749	370	1	earnings	earning	NOUN
cjfa-48749	370	2	quality	quality	NOUN
cjfa-48749	370	3	:	:	PUNCT
cjfa-48749	370	4	a	a	DET
cjfa-48749	370	5	missing	miss	VERB
cjfa-48749	370	6	link	link	NOUN
cjfa-48749	370	7	between	between	ADP
cjfa-48749	370	8	corporate	corporate	ADJ
cjfa-48749	370	9	governance	governance	NOUN
cjfa-48749	370	10	and	and	CCONJ
cjfa-48749	370	11	firm	firm	ADJ
cjfa-48749	370	12	value	value	NOUN
cjfa-48749	370	13	.	.	PUNCT
cjfa-48749	371	1	business	business	NOUN
cjfa-48749	371	2	&	&	CCONJ
cjfa-48749	371	3	economic	economic	PROPN
cjfa-48749	371	4	review	review	PROPN
cjfa-48749	371	5	,	,	PUNCT
cjfa-48749	371	6	9(2	9(2	NUM
cjfa-48749	371	7	)	)	PUNCT
cjfa-48749	371	8	,	,	PUNCT
cjfa-48749	371	9	255–279	255–279	NUM
cjfa-48749	371	10	.	.	PUNCT
cjfa-48749	372	1	https://doi.org/10.22547/ber/9.2.11	https://doi.org/10.22547/ber/9.2.11	X
cjfa-48749	372	2	.	.	PUNCT
cjfa-48749	373	1	leung	leung	PROPN
cjfa-48749	373	2	,	,	PUNCT
cjfa-48749	373	3	r.	r.	PROPN
cjfa-48749	373	4	(	(	PUNCT
cjfa-48749	373	5	2016	2016	NUM
cjfa-48749	373	6	)	)	PUNCT
cjfa-48749	373	7	.	.	PUNCT
cjfa-48749	374	1	earnings	earning	NOUN
cjfa-48749	374	2	management	management	NOUN
cjfa-48749	374	3	motives	motive	NOUN
cjfa-48749	374	4	and	and	CCONJ
cjfa-48749	374	5	firm	firm	ADJ
cjfa-48749	374	6	value	value	NOUN
cjfa-48749	374	7	following	follow	VERB
cjfa-48749	374	8	mandatory	mandatory	ADJ
cjfa-48749	374	9	ifrs	ifrs	NOUN
cjfa-48749	374	10	adoption	adoption	NOUN
cjfa-48749	374	11	–	–	PUNCT
cjfa-48749	374	12	evidence	evidence	NOUN
cjfa-48749	374	13	from	from	ADP
cjfa-48749	374	14	canadian	canadian	ADJ
cjfa-48749	374	15	companies	company	NOUN
cjfa-48749	374	16	.	.	PUNCT
cjfa-48749	375	1	corporate	corporate	ADJ
cjfa-48749	375	2	ownership	ownership	NOUN
cjfa-48749	375	3	and	and	CCONJ
cjfa-48749	375	4	control	control	NOUN
cjfa-48749	375	5	,	,	PUNCT
cjfa-48749	375	6	13(2cont1	13(2cont1	NUM
cjfa-48749	375	7	)	)	PUNCT
cjfa-48749	375	8	,	,	PUNCT
cjfa-48749	375	9	280–295	280–295	NUM
cjfa-48749	375	10	.	.	PUNCT
cjfa-48749	375	11	https://doi.org/10.22495/cocv13i2c1p9	https://doi.org/10.22495/cocv13i2c1p9	PROPN
cjfa-48749	375	12	.	.	PUNCT
cjfa-48749	376	1	lin	lin	PROPN
cjfa-48749	376	2	,	,	PUNCT
cjfa-48749	376	3	z.	z.	PROPN
cjfa-48749	376	4	,	,	PUNCT
cjfa-48749	376	5	jiang	jiang	PROPN
cjfa-48749	376	6	,	,	PUNCT
cjfa-48749	376	7	y.	y.	PROPN
cjfa-48749	376	8	,	,	PUNCT
cjfa-48749	376	9	tang	tang	PROPN
cjfa-48749	376	10	,	,	PUNCT
cjfa-48749	376	11	q.	q.	PROPN
cjfa-48749	376	12	,	,	PUNCT
cjfa-48749	376	13	&	&	CCONJ
cjfa-48749	376	14	he	he	PRON
cjfa-48749	376	15	,	,	PUNCT
cjfa-48749	376	16	x.	x.	NOUN
cjfa-48749	376	17	(	(	PUNCT
cjfa-48749	376	18	2014	2014	NUM
cjfa-48749	376	19	)	)	PUNCT
cjfa-48749	376	20	.	.	PUNCT
cjfa-48749	377	1	does	do	AUX
cjfa-48749	377	2	high	high	ADJ
cjfa-48749	377	3	-	-	PUNCT
cjfa-48749	377	4	quality	quality	NOUN
cjfa-48749	377	5	financial	financial	ADJ
cjfa-48749	377	6	reporting	reporting	NOUN
cjfa-48749	377	7	mitigate	mitigate	VERB
cjfa-48749	377	8	the	the	DET
cjfa-48749	377	9	negative	negative	ADJ
cjfa-48749	377	10	impact	impact	NOUN
cjfa-48749	377	11	of	of	ADP
cjfa-48749	377	12	global	global	ADJ
cjfa-48749	377	13	financial	financial	ADJ
cjfa-48749	377	14	crises	crisis	NOUN
cjfa-48749	377	15	on	on	ADP
cjfa-48749	377	16	firm	firm	ADJ
cjfa-48749	377	17	performance	performance	NOUN
cjfa-48749	377	18	?	?	PUNCT
cjfa-48749	378	1	evidence	evidence	NOUN
cjfa-48749	378	2	from	from	ADP
cjfa-48749	378	3	the	the	DET
cjfa-48749	378	4	united	united	ADJ
cjfa-48749	378	5	kingdom	kingdom	PROPN
cjfa-48749	378	6	.	.	PUNCT
cjfa-48749	379	1	australasian	australasian	ADJ
cjfa-48749	379	2	accounting	accounting	NOUN
cjfa-48749	379	3	,	,	PUNCT
cjfa-48749	379	4	business	business	NOUN
cjfa-48749	379	5	and	and	CCONJ
cjfa-48749	379	6	finance	finance	NOUN
cjfa-48749	379	7	journal	journal	NOUN
cjfa-48749	379	8	,	,	PUNCT
cjfa-48749	379	9	8(5	8(5	NUM
cjfa-48749	379	10	)	)	PUNCT
cjfa-48749	379	11	,	,	PUNCT
cjfa-48749	379	12	19–46	19–46	NUM
cjfa-48749	379	13	.	.	PUNCT
cjfa-48749	380	1	https://doi.org/10.14453/aabfj.v8i5.3	https://doi.org/10.14453/aabfj.v8i5.3	PROPN
cjfa-48749	380	2	.	.	PUNCT
cjfa-48749	381	1	martínez	martínez	PROPN
cjfa-48749	381	2	-	-	PUNCT
cjfa-48749	381	3	ferrero	ferrero	PROPN
cjfa-48749	381	4	,	,	PUNCT
cjfa-48749	381	5	j.	j.	PROPN
cjfa-48749	381	6	,	,	PUNCT
cjfa-48749	381	7	garcia	garcia	PROPN
cjfa-48749	381	8	-	-	PUNCT
cjfa-48749	381	9	sanchez	sanchez	PROPN
cjfa-48749	381	10	,	,	PUNCT
cjfa-48749	381	11	i.m	i.m	PROPN
cjfa-48749	381	12	.	.	PROPN
cjfa-48749	381	13	,	,	PUNCT
cjfa-48749	381	14	&	&	CCONJ
cjfa-48749	381	15	cuadrado	cuadrado	PROPN
cjfa-48749	381	16	-	-	PUNCT
cjfa-48749	381	17	ballesteros	ballesteros	PROPN
cjfa-48749	381	18	,	,	PUNCT
cjfa-48749	381	19	b.	b.	PROPN
cjfa-48749	381	20	(	(	PUNCT
cjfa-48749	381	21	2015	2015	NUM
cjfa-48749	381	22	)	)	PUNCT
cjfa-48749	381	23	.	.	PUNCT
cjfa-48749	382	1	effect	effect	NOUN
cjfa-48749	382	2	of	of	ADP
cjfa-48749	382	3	financial	financial	ADJ
cjfa-48749	382	4	reporting	reporting	NOUN
cjfa-48749	382	5	quality	quality	NOUN
cjfa-48749	382	6	on	on	ADP
cjfa-48749	382	7	sustainability	sustainability	NOUN
cjfa-48749	382	8	information	information	NOUN
cjfa-48749	382	9	disclosure	disclosure	NOUN
cjfa-48749	382	10	.	.	PUNCT
cjfa-48749	383	1	corporate	corporate	ADJ
cjfa-48749	383	2	social	social	ADJ
cjfa-48749	383	3	responsibility	responsibility	NOUN
cjfa-48749	383	4	and	and	CCONJ
cjfa-48749	383	5	environmental	environmental	ADJ
cjfa-48749	383	6	management	management	NOUN
cjfa-48749	383	7	,	,	PUNCT
cjfa-48749	383	8	22(1	22(1	NUM
cjfa-48749	383	9	)	)	PUNCT
cjfa-48749	383	10	,	,	PUNCT
cjfa-48749	383	11	45–64	45–64	NOUN
cjfa-48749	383	12	.	.	PUNCT
cjfa-48749	384	1	https://doi	https://doi	PROPN
cjfa-48749	384	2	.	.	PUNCT
cjfa-48749	384	3	org/10.1002	org/10.1002	PROPN
cjfa-48749	384	4	/	/	SYM
cjfa-48749	384	5	csr.1330	csr.1330	PROPN
cjfa-48749	384	6	.	.	PUNCT
cjfa-48749	385	1	radja	radja	PROPN
cjfa-48749	385	2	,	,	PUNCT
cjfa-48749	385	3	f	f	PROPN
cjfa-48749	385	4	l.	l.	PROPN
cjfa-48749	385	5	,	,	PUNCT
cjfa-48749	385	6	&	&	CCONJ
cjfa-48749	385	7	artini	artini	PROPN
cjfa-48749	385	8	,	,	PUNCT
cjfa-48749	385	9	l.g.s	l.g.s	ADJ
cjfa-48749	385	10	.	.	PUNCT
cjfa-48749	385	11	(	(	PUNCT
cjfa-48749	385	12	2020	2020	NUM
cjfa-48749	385	13	)	)	PUNCT
cjfa-48749	385	14	.	.	PUNCT
cjfa-48749	386	1	the	the	DET
cjfa-48749	386	2	effect	effect	NOUN
cjfa-48749	386	3	of	of	ADP
cjfa-48749	386	4	firm	firm	ADJ
cjfa-48749	386	5	size	size	NOUN
cjfa-48749	386	6	,	,	PUNCT
cjfa-48749	386	7	profitability	profitability	NOUN
cjfa-48749	386	8	and	and	CCONJ
cjfa-48749	386	9	leverage	leverage	NOUN
cjfa-48749	386	10	on	on	ADP
cjfa-48749	386	11	firm	firm	ADJ
cjfa-48749	386	12	value	value	NOUN
cjfa-48749	386	13	(	(	PUNCT
cjfa-48749	386	14	study	study	NOUN
cjfa-48749	386	15	on	on	ADP
cjfa-48749	386	16	manufacturing	manufacturing	NOUN
cjfa-48749	386	17	companies	company	NOUN
cjfa-48749	386	18	sector	sector	VERB
cjfa-48749	386	19	consumer	consumer	NOUN
cjfa-48749	386	20	goods	good	NOUN
cjfa-48749	386	21	industry	industry	NOUN
cjfa-48749	386	22	listed	list	VERB
cjfa-48749	386	23	in	in	ADP
cjfa-48749	386	24	indonesian	indonesian	ADJ
cjfa-48749	386	25	stock	stock	PROPN
cjfa-48749	386	26	exchange	exchange	PROPN
cjfa-48749	386	27	period	period	NOUN
cjfa-48749	386	28	2017	2017	NUM
cjfa-48749	386	29	-	-	SYM
cjfa-48749	386	30	2019	2019	NUM
cjfa-48749	386	31	)	)	PUNCT
cjfa-48749	386	32	.	.	PUNCT
cjfa-48749	387	1	international	international	ADJ
cjfa-48749	387	2	journal	journal	PROPN
cjfa-48749	387	3	of	of	ADP
cjfa-48749	387	4	economics	economic	NOUN
cjfa-48749	387	5	and	and	CCONJ
cjfa-48749	387	6	management	management	NOUN
cjfa-48749	387	7	studies	study	NOUN
cjfa-48749	387	8	,	,	PUNCT
cjfa-48749	387	9	7(11	7(11	NUM
cjfa-48749	387	10	)	)	PUNCT
cjfa-48749	387	11	,	,	PUNCT
cjfa-48749	387	12	18–24	18–24	NUM
cjfa-48749	387	13	.	.	PUNCT
cjfa-48749	388	1	https://doi.org/10.14445/23939125/	https://doi.org/10.14445/23939125/	PROPN
cjfa-48749	388	2	ijems	ijem	NOUN
cjfa-48749	388	3	-	-	PUNCT
cjfa-48749	388	4	v7i11p103	v7i11p103	X
cjfa-48749	388	5	.	.	PUNCT
cjfa-48749	389	1	regina	regina	PROPN
cjfa-48749	389	2	,	,	PUNCT
cjfa-48749	389	3	a.	a.	PROPN
cjfa-48749	389	4	,	,	PUNCT
cjfa-48749	389	5	&	&	CCONJ
cjfa-48749	389	6	harjanto	harjanto	PROPN
cjfa-48749	389	7	,	,	PUNCT
cjfa-48749	389	8	k.	k.	PROPN
cjfa-48749	389	9	(	(	PUNCT
cjfa-48749	389	10	2022	2022	NUM
cjfa-48749	389	11	)	)	PUNCT
cjfa-48749	389	12	.	.	PUNCT
cjfa-48749	390	1	factors	factor	NOUN
cjfa-48749	390	2	affecting	affect	VERB
cjfa-48749	390	3	firm	firm	ADJ
cjfa-48749	390	4	value	value	NOUN
cjfa-48749	390	5	in	in	ADP
cjfa-48749	390	6	indonesia	indonesia	PROPN
cjfa-48749	390	7	’s	’s	PART
cjfa-48749	390	8	manufacturing	manufacturing	NOUN
cjfa-48749	390	9	firms	firm	NOUN
cjfa-48749	390	10	.	.	PUNCT
cjfa-48749	391	1	international	international	ADJ
cjfa-48749	391	2	journal	journal	NOUN
cjfa-48749	391	3	of	of	ADP
cjfa-48749	391	4	multidisciplinary	multidisciplinary	ADJ
cjfa-48749	391	5	and	and	CCONJ
cjfa-48749	391	6	current	current	ADJ
cjfa-48749	391	7	educational	educational	ADJ
cjfa-48749	391	8	research	research	NOUN
cjfa-48749	391	9	,	,	PUNCT
cjfa-48749	391	10	4(5	4(5	PROPN
cjfa-48749	391	11	)	)	PUNCT
cjfa-48749	391	12	,	,	PUNCT
cjfa-48749	391	13	153–159	153–159	NUM
cjfa-48749	391	14	.	.	PUNCT
cjfa-48749	392	1	https://doi.org/10.2991/assehr.k.220404.060	https://doi.org/10.2991/assehr.k.220404.060	PROPN
cjfa-48749	392	2	.	.	PUNCT
cjfa-48749	393	1	roychowdhury	roychowdhury	PROPN
cjfa-48749	393	2	,	,	PUNCT
cjfa-48749	393	3	s.	s.	PROPN
cjfa-48749	393	4	,	,	PUNCT
cjfa-48749	393	5	shroff	shroff	NOUN
cjfa-48749	393	6	,	,	PUNCT
cjfa-48749	393	7	n.	n.	NOUN
cjfa-48749	393	8	,	,	PUNCT
cjfa-48749	393	9	&	&	CCONJ
cjfa-48749	393	10	verdi	verdi	PROPN
cjfa-48749	393	11	,	,	PUNCT
cjfa-48749	393	12	r.s	r.s	PROPN
cjfa-48749	393	13	.	.	PROPN
cjfa-48749	393	14	(	(	PUNCT
cjfa-48749	393	15	2019	2019	NUM
cjfa-48749	393	16	)	)	PUNCT
cjfa-48749	393	17	.	.	PUNCT
cjfa-48749	394	1	the	the	DET
cjfa-48749	394	2	effects	effect	NOUN
cjfa-48749	394	3	of	of	ADP
cjfa-48749	394	4	financial	financial	ADJ
cjfa-48749	394	5	reporting	reporting	NOUN
cjfa-48749	394	6	and	and	CCONJ
cjfa-48749	394	7	disclosure	disclosure	NOUN
cjfa-48749	394	8	on	on	ADP
cjfa-48749	394	9	corporate	corporate	ADJ
cjfa-48749	394	10	investment	investment	NOUN
cjfa-48749	394	11	:	:	PUNCT
cjfa-48749	394	12	a	a	DET
cjfa-48749	394	13	review	review	NOUN
cjfa-48749	394	14	.	.	PUNCT
cjfa-48749	395	1	journal	journal	NOUN
cjfa-48749	395	2	of	of	ADP
cjfa-48749	395	3	accounting	accounting	NOUN
cjfa-48749	395	4	and	and	CCONJ
cjfa-48749	395	5	economics	economic	NOUN
cjfa-48749	395	6	,	,	PUNCT
cjfa-48749	395	7	68(2–3	68(2–3	NUM
cjfa-48749	395	8	)	)	PUNCT
cjfa-48749	395	9	,	,	PUNCT
cjfa-48749	395	10	101246	101246	NUM
cjfa-48749	395	11	.	.	PUNCT
cjfa-48749	396	1	https://doi.org/10.1016/j.jacceco.2019.101246	https://doi.org/10.1016/j.jacceco.2019.101246	PROPN
cjfa-48749	396	2	.	.	PUNCT
cjfa-48749	397	1	uzma	uzma	PROPN
cjfa-48749	397	2	,	,	PUNCT
cjfa-48749	397	3	s.h	s.h	PROPN
cjfa-48749	397	4	.	.	PROPN
cjfa-48749	397	5	(	(	PUNCT
cjfa-48749	397	6	2016	2016	NUM
cjfa-48749	397	7	)	)	PUNCT
cjfa-48749	397	8	.	.	PUNCT
cjfa-48749	398	1	cost	cost	NOUN
cjfa-48749	398	2	benefit	benefit	NOUN
cjfa-48749	398	3	analysis	analysis	NOUN
cjfa-48749	398	4	of	of	ADP
cjfa-48749	398	5	ifrs	ifrs	ADJ
cjfa-48749	398	6	adoption	adoption	NOUN
cjfa-48749	398	7	:	:	PUNCT
cjfa-48749	398	8	developed	develop	VERB
cjfa-48749	398	9	&	&	CCONJ
cjfa-48749	398	10	emerging	emerge	VERB
cjfa-48749	398	11	countries	country	NOUN
cjfa-48749	398	12	.	.	PUNCT
cjfa-48749	399	1	journal	journal	NOUN
cjfa-48749	399	2	of	of	ADP
cjfa-48749	399	3	financial	financial	ADJ
cjfa-48749	399	4	reporting	reporting	NOUN
cjfa-48749	399	5	and	and	CCONJ
cjfa-48749	399	6	accounting	accounting	NOUN
cjfa-48749	399	7	,	,	PUNCT
cjfa-48749	399	8	14(2	14(2	NUM
cjfa-48749	399	9	)	)	PUNCT
cjfa-48749	399	10	.	.	PUNCT
cjfa-48749	400	1	wahyuni	wahyuni	PROPN
cjfa-48749	400	2	,	,	PUNCT
cjfa-48749	400	3	e.t	e.t	PROPN
cjfa-48749	400	4	.	.	PROPN
cjfa-48749	400	5	,	,	PUNCT
cjfa-48749	400	6	puspitasari	puspitasari	PROPN
cjfa-48749	400	7	,	,	PUNCT
cjfa-48749	400	8	g.	g.	PROPN
cjfa-48749	400	9	,	,	PUNCT
cjfa-48749	400	10	&	&	CCONJ
cjfa-48749	400	11	puspitasari	puspitasari	PROPN
cjfa-48749	400	12	,	,	PUNCT
cjfa-48749	400	13	e.	e.	PROPN
cjfa-48749	400	14	(	(	PUNCT
cjfa-48749	400	15	2020	2020	NUM
cjfa-48749	400	16	)	)	PUNCT
cjfa-48749	400	17	.	.	PUNCT
cjfa-48749	401	1	has	have	AUX
cjfa-48749	401	2	ifrs	ifrs	PROPN
cjfa-48749	401	3	improved	improve	VERB
cjfa-48749	401	4	accounting	accounting	NOUN
cjfa-48749	401	5	quality	quality	NOUN
cjfa-48749	401	6	in	in	ADP
cjfa-48749	401	7	indonesia	indonesia	PROPN
cjfa-48749	401	8	?	?	PUNCT
cjfa-48749	402	1	a	a	DET
cjfa-48749	402	2	systematic	systematic	ADJ
cjfa-48749	402	3	literature	literature	NOUN
cjfa-48749	402	4	review	review	NOUN
cjfa-48749	402	5	of	of	ADP
cjfa-48749	402	6	2010	2010	NUM
cjfa-48749	402	7	-	-	SYM
cjfa-48749	402	8	2016	2016	NUM
cjfa-48749	402	9	.	.	PUNCT
cjfa-48749	403	1	journal	journal	NOUN
cjfa-48749	403	2	of	of	ADP
cjfa-48749	403	3	accounting	accounting	NOUN
cjfa-48749	403	4	and	and	CCONJ
cjfa-48749	403	5	investment	investment	NOUN
cjfa-48749	403	6	,	,	PUNCT
cjfa-48749	403	7	21(1	21(1	NUM
cjfa-48749	403	8	)	)	PUNCT
cjfa-48749	403	9	.	.	PUNCT
cjfa-48749	404	1	https://doi.org/10.18196/jai.2101135	https://doi.org/10.18196/jai.2101135	NOUN
cjfa-48749	404	2	.	.	PUNCT
cjfa-48749	405	1	young	young	ADJ
cjfa-48749	405	2	,	,	PUNCT
cjfa-48749	405	3	s.d	s.d	PROPN
cjfa-48749	405	4	.	.	PROPN
cjfa-48749	405	5	,	,	PUNCT
cjfa-48749	405	6	&	&	CCONJ
cjfa-48749	405	7	o’byrne	o’byrne	PROPN
cjfa-48749	405	8	,	,	PUNCT
cjfa-48749	405	9	s.f	s.f	PROPN
cjfa-48749	405	10	.	.	PROPN
cjfa-48749	405	11	(	(	PUNCT
cjfa-48749	405	12	2001	2001	NUM
cjfa-48749	405	13	)	)	PUNCT
cjfa-48749	405	14	.	.	PUNCT
cjfa-48749	406	1	eva	eva	PROPN
cjfa-48749	406	2	and	and	CCONJ
cjfa-48749	406	3	value	value	NOUN
cjfa-48749	406	4	-	-	PUNCT
cjfa-48749	406	5	based	base	VERB
cjfa-48749	406	6	management	management	NOUN
cjfa-48749	406	7	.	.	PUNCT
cjfa-48749	407	1	mcgraw	mcgraw	PROPN
cjfa-48749	407	2	-	-	PUNCT
cjfa-48749	407	3	hill	hill	NOUN
cjfa-48749	407	4	.	.	PUNCT